QRG Capital Management Inc

Item 5: Fees and Compensation
  Investment management fees on all QRG’s strategies are subject to negotiation, and will vary
  depending on certain factors, such as account size, investment strategy, and level of customization,
  among others. QRG’s compensation for investment advisory services is generally based on an
  annual percentage of assets under management.

  Our asset-based fees are typically in tiered schedules with breakpoints based on the amount of
  assets in the account, so that the fee rate decreases as the level of assets increases. Unless otherwise
  agreed to by the client with QRG, these investment management fees are generally charged
  quarterly or monthly in advance, but we support billing in arrears if selected by the Advisor. In
  circumstances where we manage multiple accounts for a single client relationship, we may, in our
  discretion, agree with the client to aggregate the client’s assets across related accounts to enable
  the client to benefit from a lower fee tier. We may also agree to consider such total assets in
  determining a fee schedule for each account.

  The standard fee schedules for QRG’s Quantitative Portfolio strategies are as follows, but lower fees
  may be separately negotiated:

                                         Quantitative Portfolio Strategy Fees 1, 2, 3, 4
                      Quantitative Portfolios                                                  0.095% - 0.30%
             Fixed Income Quantitative Portfolios                                                     0.095%

  1 Fees shown do not include Advisor Fee, which generally range from approximately 0.80% to 1.10%. Mutual funds, ETFs, and other

  Funds have internal operating expenses separate from the fees shown in this table. Please see the prospectus or related disclosure
  document for information regarding these fees. Envestnet and its affiliates do not retain 12b-1 fees from mutual funds in which Clients
  invest. Any 12b-1 fees inadvertently received shall be returned to the fund company.

  2 Fees are calculated on a per account basis. The maximum fee stated above is the current maximum for accounts using QRG as of the

  date of this disclosure brochure.

  3   When Envestnet's Tax Overlay or Values Overlay is utilized, there is an additional fee of 0.02% - 0.10%.

  4The QP Strategy Fees listed above do not include brokerage, clearing, platform, or custody fees. The standard fee schedule for
  Quantitative Portfolios accessed through Envestnet’s Programs are 0.24% - 0.73%. Please refer to Envestnet Asset Management’s Form
  ADV Part 2A Brochure, Item 5 – Fees and Compensation for further information.

  Clients may be billed for their investment management fees or authorize QRG to deduct these fees
  from the client’s custodial account.

  Clients should understand that all custodial fees and any other charges, fees, commissions, markups,
  and markdowns incurred in connection with the execution of transactions for a client’s account are
  generally paid out of the assets in the account and are in addition to the investment management
  fees charged by QRG. Clients may incur certain charges imposed by custodians, brokers, dealers, and
  other third parties which may include, but are not limited to custodial fees, deferred sales charges,
  odd-lot differentials, transfer fees and taxes, wire transfer and electronic fund fees, and other fees
  and taxes on brokerage accounts and securities transactions. (See Item 12 for more information on
  brokerage practices.) Mutual funds and ETFs also generally charge internal operating fees, which
  are disclosed in a prospectus. Such charges, fees and commissions are exclusive of and in addition
  to QRG’s fees, and QRG does not receive any of the foregoing charges, fees, or commissions.

QRG Capital Management, Inc. - Form ADV Part 2A                                                                          June 30,2026

  QRG strives to choose the lowest-priced mutual fund share available for QRG proprietary strategies.
  The actual share class fund that is purchased and allocated to a client account is specific to the
  mutual funds available to the client’s retail investment adviser (“Advisor”). QRG does not negotiate
  share class availability on behalf of entities, such as investment advisers and broker-dealers, or their
  clients, nor does QRG take responsibility for the management and review of client accounts for share
  class usage. Clients should consult with their Advisor for share-class specific guidance. The
  availability of mutual funds and certain other pooled investment vehicles in an investment advisory
  program is determined by the Advisor. QRG does not advise Advisors on the selection of funds or
  other pooled vehicles for their investment advisory programs.

  QRG may enter into various advisory agreements with investment advisers and other financial
  intermediaries with respect to investment programs they sponsor. Typically, QRG negotiates fees
  with the advisers and other financial intermediaries and not with individuals participating in such
  programs. However, in cases for which a client requests customized portfolio construction, the fees
  charged will be based on the size and complexity of the account.

  Wrap accounts are generally managed in the same or similar manner to other separately managed
  accounts. However, wrap programs may impose specific restrictions and investment guidelines that
  are more restrictive than fully discretionary client accounts; see the wrap program sponsor’s
  disclosure brochure for a discussion of any such restrictions and investment guidelines. In addition,
  wrap programs may mandate that QRG direct transactions to a specific broker-dealer, which may
  prohibit QRG from seeking best execution or aggregating trades.

  Clients or QRG may terminate advisory services at any time, for any reason, upon receipt of 30 days
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Item 7: Types of Clients
 The types of clients to which QRG may provide investment management and investment advisory
 services indirectly include intermediaries such as independent financial advisors, asset managers,
 consultants, and family offices. It may also provide its services directly to high-net-worth individuals
 and certain institutional clients, such as banks, trusts, corporate pension and profit-sharing plans,
 Taft-Hartley plans, charitable institutions, foundations, endowments, municipalities, registered
 mutual funds, private investment funds, trust programs, sovereign funds, foreign funds such as
 UCITs and SICAVs, and other U.S. and international institutions. QRG may require different minimum
 investment amounts based on investment strategy, vehicle implementation, and any specialized
 portfolio customizations requested by the client.