DBi, a Delaware limited liability corporation, was founded in 2012 and became a registered investment adviser with the SEC on September 4, 2012. DBi became a commodity pool operator (“CPO”) and commodity trading adviser (“CTA”) with the National Futures Association on August 22, 2012. DBi is owned by Beachhead Capital Holdings LLC (“BCH”) and iM Square Holding 4 LLC. BCH is majority owned by the Andrew Beer Family Trust and Mathias Mamou-Mani, while certain other employees of DBi own minority interests. iM Square Holding 4 LLC is a wholly owned subsidiary of iM Square SAS, a French company in which Legendre Holding 36 is the principal owner. The principal owner of Legendre Holding 36 is Eurazeo SE, a listed company based in France. iM Global Partner SAS (“iMGP”) is a French Management company regulated by AMF fully owned by iM Square SAS, also fund manager of iM Square SAS. Andrew Beer and Mathias Mamou-Mani are the Managers and Board Members of DBi, while an iMGP representative holds the third seat of the DBi Board. Description of Advisory Services Generally, DBi serves as the investment adviser or sub-adviser on a discretionary or non- discretionary basis to its pooled investment vehicles, including 3(c)(7) private funds, registered investment companies, UCITs and SICAVs, (collectively, the “Clients”), as set forth below. DBi serves as the sole sub-adviser to the SEI Global Master Fund Liquid Alternative Fund (“SEILAF”), a sub-fund of the SEI Global Master Fund PLC, a multi-portfolio umbrella fund incorporated as a variable capital limited liability investment company in Ireland, with segregated liability between sub-funds, on January 11, 1996 under registration number 243230 and authorized by the Central Bank of Ireland pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) (“UCITS”) Regulations 2011 (as may be amended). DBi serves as the sole sub-adviser to the SEI Investment Management Trust Liquid Alternative Fund (“SEILAF 40act”), which is a non-diversified sub-fund of the SEI Investment Management Trust (“SIMT”), an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). DBi serves as the sole sub-adviser to the iMGP DBI Managed Futures Strategy Exchange Traded Fund (“DBMF”), which is a non-diversified series of the Litman Gregory Funds Trust (the “LGFT”), an open-end management investment company under the 1940 Act. DBMF is permitted to allocate up to 20% of its total assets in its wholly owned subsidiary, iM DBi Cayman Managed Futures Subsidiary (the “Cayman Subsidiary”), organized under the laws of the Cayman Islands on February 27, 2019 and is advised by DBi and which complies wholly with DBMF’s investment objectives and investment policies. DBi also serves as the sole sub-adviser to the iMGP DBI Hedge Strategy Exchange Traded Fund (“DBEH”), which is

a non-diversified series of the Trust. DBi serves as a sub-adviser to a sleeve of the iMGP Alternative Strategies Mutual Fund, a series of the LGFT. A portion of the DBi sleeve may be allocated to a wholly-owned subsidiary of the Alternative Strategies Fund, which is organized under the laws of the Cayman Islands, is advised by DBi and will comply with the Alternative Strategies Fund investment objective and policies. DBi serves as the sole sub-adviser to the iMGP Stable Return Fund, which is managed by iM Global Partner Asset Management S.A. and is incorporated under the laws of the Grand-Duchy of Luxembourg as a societe, d’investissement a capital variable (“SICAV”), established as an “umbrella fund”. The iMGP Stable Return Fund is registered on the official lists of UCITS pursuant to the provisions of part I of the Luxembourg law of 17 December 2010 relating to undertakings for collective investment, as may be amended from time to time, and therefore qualifies as UCITS under the UCITS Directive. DBi serves as the sole sub-adviser to the iMGP DBi Managed Futures Fund UCITS, which is a sub- fund under the same Luxembourg SICAV as the iMGP Stable Return Fund. The iMGP DBi Managed Futures Fund is intended to pursue the identical investment strategy as the iMGP DBi Managed Futures Strategy ETF. DBi is also the adviser to the iM DBi Managed Futures Partial Holdings Cayman Fund, a fund incorporated under the laws of the Cayman Islands. DBi is the adviser to the DBi Liquid Alternative Fund, Ltd. (“DBiLAF”), a 3(c)(7) private fund incorporated under the laws of the Cayman Islands on February 18, 2020. DBi is the adviser to the DBi-M60 Growth Fund, L.P., (the “Growth Fund”) a 3(c)(7) private fund, formed as a Delaware Limited Partnership on August 11, 2020. DBi/Madison Sixty LLC, a Delaware limited liability corporation, serves as the General Partner of the Growth Fund. The General Partner is a joint venture between DBi, management of the investment activities, and Madison Sixty, LLC, providing sales, distribution and investor relations.1 DBi provides non-discretionary investment recommendations to Inversis Gestion, S.A.U., SGIIC (“Inversis”) for use in Inversis’ management of a CNMV registered UCITS fund. Generally, DBi has full discretionary authority with respect to investment decisions on behalf of its Clients, and its advice to the Clients is made in accordance with the investment objectives and guidelines as set forth in their respective governing documents, registration statements and/or offering memoranda. As of December 31, 2023, DBi’s regulatory assets under management were approximately $1,932,216,324 on a discretionary basis, and $10,206,916 in regulatory assets on a non- discretionary basis. 1 Effective March 31, 2024, the Company will be liquidating the Growth Fund and dissolving the General Partner joint venture between DBi and Madison Sixty, LLC.