Perceptive Edge Investment Management, Inc. (“Perceptive Edge”) is a registered investment adviser that was founded in January 2002. Perceptive Edge provides independent investment advice to institutions and individuals including; pension and profit sharing plans, individuals, trusts, estates, charitable organizations, corporations, and other business entities. Investment advisory services are paid directly by clients and are fee‐based. The firm does not receive any commissions based on the client’s purchase of any financial product. No referral fees are paid or accepted. Assets under the direct management of Perceptive Edge are held by independent custodians in the client’s name. Perceptive Edge does not act as a custodian of client assets. Perceptive Edge is independently owned by Brian Carrington and Beth Carrington and is not under common control with any other firm. As of the date of this brochure, Perceptive Edge provides investment advice to approximately $912 million in assets. Perceptive Edge has regulatory assets of approximately $408,830,000; which is comprised of discretionary assets under management of approximately $140,358,000 and non‐discretionary assets under management of approximately $268,472,000. The SEC’s definition of regulatory assets under management excludes certain institutional investment consulting assets. Advisory Services Perceptive Edge provides investment management services which include portfolio assessment, development of investment policies, asset allocation, manager selection, and ongoing monitoring and review of client portfolios. Services are focused on the following four areas: I. Development of Investment Policy Statements Perceptive Edge drafts investment policy statements to aid clients in outlining their investment management philosophy. The

investment policy statement outlines the policies and procedures to be used in the management and monitoring of investment portfolios. II. Asset Allocation Development Perceptive Edge develops long‐term, strategic asset allocation plans. Asset allocations are developed using independent third party software incorporating our knowledge, expertise, and experience. The software aids in determining optimal allocations for client portfolios. III. Investment Manager Selection Perceptive Edge analyzes investment managers to determine which managers are appropriate to implement in client investment arrays. Recommendations are determined by the specific client needs and based on their investment policy statement. To aid in the selection of investment managers, Perceptive Edge employs independent third party software which includes Markov Processes International (MPI) and Morningstar. In selecting investment managers, Perceptive Edge utilizes both qualitative and quantitative analysis. The quantitative analysis includes the evaluation of long‐term performance, consistency of returns, risk characteristics, a review of the investment manager’s overall performance in both up and down markets, and their performance versus benchmarks. The qualitative criterion includes strength of personnel, structure of investment process, client servicing and pricing. IV. Monitoring of Investment Performance and Managers Investment portfolios are monitored based on the procedures and timing intervals delineated in client investment policy statements. Perceptive Edge generally monitors the qualitative and quantitative attributes of investment managers as describe in the previous section. Clients are asked to inform Perceptive Edge promptly if there have been any changes in their investment objectives or financial status.