Integrity Fixed Income Management LLC

FEES AND COMPENSATION
               A. How We Are Paid/Fee Schedules
               Integrity is paid a fee that is calculated as a percentage of client assets under management. We
               require fees to be computed and payable quarterly in arrears and computed on the valuation
               of assets under management as of the last day of the most recent quarterly period. Fees are
               adjusted to account for external cash flows into and out of the account during the most recent
               quarterly period. Clients are billed directly by Integrity.

               Our fee schedule for separately managed accounts is as follows:

               ACTIVE CORE BOND and AGENCY MBS PORTFOLIOS
               On the first $30,000,000....…………….…………….…0.25% annually
               On the balance………………………………………….……0.20% annually
               Minimum Fee………………………………..………………$12,500 annually

               ACTIVE INSURANCE PORTFOLIOS
               On the balance………………………………………..……0.35% annually
               Minimum Fee………………………………..………………$17,500 annually

               ACTIVE CASH MANAGEMENT BOND PORTFOLIOS
               On the balance………………………………………..……0.175% annually
               Minimum Fee………………………………..………………$8,750 annually

               PASSIVE BOND PORTFOLIOS
               On the balance………………………………………….……0.15% annually
               Minimum Fee………………………………..………………$7,500 annually

               CREDIT STRATEGY BOND PORTFOLIOS
               On the first $30,000,000....…………….…………….…0.30% annually
               On the next $25,000,000 ………………………….……0.28% annually
               On the next $50,000,000………………………………..0.27% annually
               On the next $100,000,000………………………….……0.26% annually
               On the balance………………………………………….……0.25% annually
               Minimum Fee………………………………..………………$15,500 annually

               Depending on unique circumstances (i.e., another existing account relationship with a client,
               etc.), fees may be subject to negotiation. Therefore, clients with similar assets under
               management and investment objectives may pay significantly higher or lower fees than other
               clients. We may not change our fees without sixty days’ advance written notice. A client may
               terminate an agreement with us at any time by written notice to us.

               We believe that our fees are competitive with fees charged by other investment advisers for
               comparable services. Comparable services may be available, however, from other sources for
               lower fees.

               B. Payment Options
               Fees may be deducted from client assets, or they may be paid from a separate account.

February 2026 SEC File No. 801‐67633                                                                              Page 6

Integrity Fixed Income Management, LLC

               C. Other Fees You Should Understand
               Portfolio Transaction Costs. We do not offer custodianship of client assets. Therefore, each
               client must appoint a custodian and may be required to pay custodian fees. Also, clients will
               incur indirect brokerage and other transaction costs in the course of our management of their
               accounts. (See the section in this brochure entitled “Brokerage Practices” for a discussion of
               how we make brokerage decisions that affect client accounts.)

               D. Basis of Payment
               Fees are payable in arrears and never in advance.

               E. Fees From the Sale of Securities
               Neither Integrity nor its representatives earn fees on the purchase or sale of securities.

TYPES OF CLIENTS
               We provide investment advisory services for a variety of clients, including defined benefit
               pension plans, foundations, corporations, and other businesses and other “institutional
               clients.”

               We currently do not have a minimum account size that we accept; however, in order to
               effectively diversify a fixed income portfolio while minimizing transaction costs, a minimum of
               $5,000,000 is encouraged. In addition, we reserve the right to refuse to accept proposed
               management responsibilities or to resign from the management of any account.

               METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS
               A. Our Investment Strategies
               Integrity Fixed Income Management is an active core fixed income manager. The firm's
               investment strategies encompass the utilization of duration, maturity distribution, sector
               weighting versus the benchmark, and individual security selection.

               We have several investment composites that are specified by the benchmark for which
               performance is measured. All actively managed accounts are managed as a member of a
               composite of accounts that utilize the same benchmark or a benchmark that is similar with
               regard to return and risk characteristics. All accounts within a similar composite are managed
               with the goal of minimizing dispersion of returns amongst composite members.

               Duration management is one of the investment tools we utilize to enhance returns. Portfolios
               are typically managed within a duration range that is either 10% above or 10% below the
               portfolio benchmark duration. During periods of extreme interest rate moves, we may take a
               more aggressive tactic and increase the divergence to a maximum of either 25% above or below
               the portfolio benchmark’s duration.

February 2026 SEC File No. 801‐67633                                                                                 Page 7

Integrity Fixed Income Management, LLC

               Adjustments to maturity distributions are another investment tool we utilize to enhance
               returns. By adjusting the maturity distribution, we attempt to take advantage of anticipated
               changes in the shape of the U.S. Treasury yield curve.

               Sector and security selection is a result of a top-down economic perspective that we use to
               identify sectors as being either attractive or unattractive for investment. Once favorable sectors
               have been identified, further evaluation is performed to review issuer-specific credit profiles,
               relative valuation of the security, and maturity availability so as to ensure the security fits within
               the context of the overall structure of the portfolio.

               Allocation targets for credit risk are set to a 2% target for A-rated corporate securities and a 1%
               target for BBB-rated securities. Treasuries, Agencies, and Mortgages can have larger weightings
               due to minimal credit risk, and therefore decisions for these securities are primarily driven by
               the position of such securities on the yield curve. Neither leverage nor derivatives are utilized
               in the management of portfolios.

               Our investment strategies do involve frequent trading; however, the frequency may be tailored
               based on the client’s investment strategy.

               B. Investment Risks of Investment Strategies
               Although we work hard to preserve capital and achieve real growth of client wealth, investing
               in securities involves the risk of loss that each client should be prepared to bear. Specific risks
               that are faced as a result of our investment strategies are interest rate risk and credit risk.

               Overweighting/Underweighting duration relative to the investment benchmark can result in
               increased/decreased interest rate risk relative to the investment benchmark. During periods of
               rising interest rates, one could experience losses in excess of the investment benchmark return
               if we had a portfolio duration that was greater than the duration of the investment benchmark.

               Another source of interest rate risk is present when we adjust the maturity distribution of client
               portfolios relative to the investment benchmark. If yield curve changes do not occur as we
               anticipated, client portfolios could have losses that are in excess of the investment benchmark.

               Finally, credit risk is present when we have exposure to credit sectors and specific issuers. Credit
               risks could include a drop in a security’s price due to company-specific events (such as an
               earnings disappointment or a downgrade in the rating of a bond) or general market activity
               (such as a financial crisis that would negatively impact the financial sector bonds).

               C. Investment Risks of Fixed Income Securities
               Integrity is focused on the management of taxable fixed-income securities. The market risk for
               fixed income securities is typified by a drop in a security’s price due to company specific events
               (such as an earnings disappointment or a downgrade in the rating of a bond) or general market
               activity (such as a period of rising interest rates that could erode the value of a bond since bond
               values generally fall as bond yields go up). In general, bonds with longer maturities have greater
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