Vontobel Swiss Financial Advisers AG

Types of Clients
        We provide wealth management services primarily to high-net-worth individuals subject to US. federal income tax, including US
        citizens, permanent residents (green card holders), and individuals meeting the substantial presence test. Our clientele also in-
        cludes U.S. trusts, estates, charitable organizations, and business entities such as corporations, limited partnerships, and limited
        liability companies. We do not offer investment advice to pension or profit-sharing plans. Additionally, we serve non-U.S. clients,
        including non-US trusts, foundations, partnerships, and non-operating companies where the ultimate beneficial owners, policy-
        holders, or beneficiaries are US. taxpayers as described above. Furthermore, we actively service non-US. resident clients who
        are not subject to US. tax but reside in Canada and certain Latin American countries.

        Investment Horizon
        Besides the Minimum Relationship Size mentioned in Item 4.4., our Programs are suitable for clients seeking to implement medium-
        to long-term investment strategies, desiring ongoing advice and guidance from investment professionals, and preferring an all-
        inclusive fee structure. However, they may not be appropriate for clients with short-term investment horizon, (i.e., below 2 years) a
        preference for high cash balances, or those anticipating frequent withdrawals.

        By offering both discretionary and non-discretionary Programs as well as the Combination Approach, we aim to provide flexible and
        comprehensive solutions that align with our clients’ unique financial goals and preferences. Please refer to Item 5: Account Re-
        quirements and Types of Clients for more information on the account requirements as required by the Client Agreement.

16/47   Vontobel Swiss Financial Advisers AG / Wrap Fee Program Brochure / March 31, 2026 – Annual Amendment

        Vontobel SFA continuously monitors the client accounts and make investment recommendations for accounts that you designate
        as non-discretionary IA Mandates and investment decisions for accounts that you designate as discretionary managed solutions
        mandates based on your stated individual needs, objectives, risk tolerances and constraints.

        Client Agreement and Verbal Instructions
        We require that clients who want to open a Program account to enter into the Client Agreement. Upon entering into an advisory
        relationship with us, clients will sign a written agreement that outlines the specific terms and acknowledges our fiduciary responsi-
        bilities (Client Agreement). The Client Agreement reflects our services provided to you and reflects your stated needs, objec-
        tives, risk tolerances and constrains. At the inception of this relationship, we provide you with our Wrap Fee Brochure, which of-
        fers detailed information about our Program, the advisory services we provide, our fee structure, potential conflicts of interest, and
        other pertinent details. Clients acknowledge the receipt of the Wrap Fee Brochure in the Client Agreement. Please refer to Item 5.
        Account Requirements and Types of Clients for additional information about the account opening. The specific terms and condi-
        tions of the specific Client Agreement will govern the handling of the client’s relationship with us.

        Verbal Instruction After Execution of a Client Agreement
        You may decide to take advantage of new services and account features in the future without signing additional documents or
        agreements. When that happens, we will confirm your instructions in writing and provide any relevant agreements and disclosures
        you have not already received. For certain account services, you will be required to sign additional documents and agreements.
        Unless otherwise specified in the applicable documentation, all the agreements and disclosures we send you are considered part
        of the Client Agreement.

        SFA relies on the accuracy of your representations to us on behalf of your account, especially your net worth, residency, tax status
        to conform with applicable investor restrictions. SFA requires notification by you if your representations become outdated or chance.

        Client Classification and Opt-Out under FinSA
        As a Swiss-based financial services firm, Vontobel SFA is subject to the relevant provisions of the FinSA, which categorizes clients
        into three groups: (1) “Private Clients”, (2) “Professional Clients”, and (3) “Institutional Clients”. Each category offers a different level
        of investor protection, with retail clients receiving the highest level under Swiss laws.

        It is important to point out that your classification under FinSA does not impact or limit any rights you have under U.S. federal
        securities laws. If U.S. federal securities laws provide more comprehensive protection than Swiss law, the U.S. laws will apply.

        Vontobel SFA classifies all clients, per default, as “Private Client”. If you meet certain criteria, including a minimum total wealth
        threshold and a certain level of knowledge and experience in the financial sector and various asset classes, you may choose to
        “opt-out” and be classified as a “professional” client. This change would waive certain investor protections under FinSA (while
        maintaining full protection under the applicable US. federal securities laws) and grant you access to a wider range of financial
        instruments in the context of an IA Mandate.

        If you are interested in changing your classification, please inform your relationship manager, who will provide the necessary forms
        and additional information. The knowledge and experience classification will be shared with you in the Client Agreement and the
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