Crown Advisors Management, Inc.

Crown Advisors Management, Inc. is a Texas Subchapter S corporation established in 2014, providing investment advice to Foundation Partners, L.P. Crown manages assets on a discretionary basis, focusing on equity and equity-related securities in U.S. markets. The firm tailors its investment advice to the Fund's objectives and strategies, with total discretionary assets under management of approximately $196,684,970 as of December 31, 2022. Crown charges the Fund an annual fee of 1.0% of assets under management and a performance allocation of 20% of net profits. Clients must be accredited investors with a net worth of at least $2,100,000 and a minimum investment of $200,000. Crown's investment strategy involves long and short positions in companies across global markets, with a focus on growth, GARP, and value companies. The firm emphasizes risk management and seeks positive returns on both long and short positions. Clients should be aware of the risks involved in investing, including potential losses, lack of diversification, and market volatility. Crown has not been involved in any legal or disciplinary events, and Robert Scott Fearon, CFA, serves as the president, sole shareholder, and portfolio manager. The firm has implemented a Code of Ethics to ensure integrity and compliance with regulations. Clients may contact Crown for a complete copy of its Code of Ethics or to inquire about its proxy voting policy.