A: Firm Description ABR Dynamic Funds LLC (“ABR”, “Investment Adviser” or “Investment Manager”), a Delaware limited liability company formed on March 2, 2015, currently provides discretionary investment advisory services to the following registered investment companies (“RICs”) which are registered under the Investment Company Act of 1940, as amended (the “Act”). ABR Dynamic Blend Equity & Volatility Fund ABR 50/50 Volatility Fund ABR 75/25 Volatility Fund ABR also provides investment management services to the following non-U.S. pooled investment vehicles registered as sub-funds of ICAVs with the Central Bank of Ireland: ABR Dynamic Blend Equity & Volatility Fund ABR Enhanced Short Volatility Fund ABR 75/25 Volatility UCITS Fund ABR serves as the investment manager for the ABR Dynamic Multi-Asset Fund LP, a Delaware limited partnership, and the ABR Dynamic Multi-Asset Offshore Fund LP, a Cayman Islands limited partnership, each of which are privately offered funds available only to qualified purchasers (together, the “ABR Private Fund”). In this brochure we refer to the RICs, non-U.S. pooled vehicles and the ABR Private Fund as “Funds” or “Clients.” ABR Management LLC and Taylor Lukof are the founders and principal owners of ABR. B: Types of Advisory Services Dynamic Blend Equity & Volatility Strategy The strategy seeks investment results that correspond generally to the performance of a benchmark index that measures the investment returns of a dynamic ratio of large-capitalization stocks and the volatility of large-capitalization stocks. Short Volatility Strategy The strategy seeks to capitalize on the long-term historical downward trend of the price of CBOE Volatility Index (the “VIX Index”) futures, while mitigating the effect of sudden price appreciation in VIX Index futures. Employing a proprietary investment model ABR invests the strategy’s assets primarily in securities and derivative instruments that, to varying degrees, provide short exposure to VIX Index futures and exchange traded products (“ETPs”), long exposure to long-term U.S. Treasury securities, and cash. 50/50 Volatility Strategy The strategy seeks to capitalize on extended downtrends in the price of VIX Index futures and VIX Index ETPs, while mitigating the effect of sudden price appreciation in VIX Index futures and VIX Index ETPs. Employing a proprietary investment model,

ABR invests the strategy’s assets primarily in securities and derivative instruments that, to varying degrees, provide for an allocation among (i) long exposure to CBOE Volatility Index (“VIX Index”) futures and VIX Index exchange-traded products (“ETPs”); (ii) short exposure to VIX Index futures and VIX Index ETPs; (iii) long exposure to S&P 500 Index futures and S&P 500 Index ETPs; (iv) long exposure to long-term U.S. Treasury securities, and (v) cash. 75/25 Volatility Strategy The strategy seeks to generate favorable long-term risk-adjusted returns, in part, by profiting from price changes involving instruments that track volatility levels. Employing a proprietary investment model ABR invests the strategy’s assets primarily in securities and derivative instruments that, to varying degrees, provide (i) long exposure to CBOE Volatility Index (“VIX Index”) futures and exchange-traded products (“ETPs”); (ii) short exposure to VIX Index futures and ETPs; (iii) long exposure to S&P 500 Index futures and ETPs; and (iv) long exposure to long-term U.S. Treasury securities; and (v) cash. Multi-Asset Strategy The strategy’s objective is to generate absolute return with favorable risk-adjusted returns over multiple market cycles. It generally utilizes proprietary quantitative models, which may include trend- following. he asset classes in which the strategy invests include, without limitation, equities, fixed income securities and commodity interests, including volatility. The instruments used to gain exposure to these asset classes include, but are not limited to, stocks, exchange-traded products and other funds, bonds, and exchange-traded futures. Most instruments held by the strategy are traded or have their primary market in the U.S. The strategy commonly utilizes leverage and employs both long and short exposures. C: Tailored Services ABR’s clients are RICs, private funds and non-U.S. pooled vehicles, which are managed in accordance with each such fund’s prospectus or offering memorandum and other governing documents. D: Wrap Fee Programs ABR does not participate in any wrap fee programs. E: Client Assets Under Management As of December 31, 2023, ABR managed approximately $516 million in regulatory assets under management, all of which are managed on a discretionary basis. ABR does not manage any assets on a non-discretionary basis.