INTERACTIVE ADVISERS, INTERACTIVE ADVISORS

Informational Brochure (Part 2A and 2B, Form ADV) Covestor Limited doing business as “Interactive Advisors”, “Interactive Advisers,” “Interactive Brokers Asset Management”, “IB Asset Management”, and “IBKR Asset Management” London Office: Floor 12, 20 Fenchurch Street London EC3M 3BY United Kingdom +44 (203) 787-9250 Boston Office: 100 Summer Street Floor 16 - Interactive Advisors Boston, MA 02110 866-825-3005 Website: https://interactiveadvisors.com February 3, 2026 about the contents of this brochure, please contact us at 1-866-825-3005 This brochure provides information about the qualifications and business practices of Covestor Ltd. If you have any questions or clientservices@interactiveadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (“SEC”) or by any state securities authority. This brochure is for informational purposes only. It does not convey an offer of any type and it is not intended to be, and should not be construed as an offer to sell, or solicitation of an offer to buy, any interest in any entity, investment, or investment vehicle. Additional information about Covestor Ltd is available on the SEC’s website at www.adviserinfo.sec.gov. The SEC’s website also provides information about any persons affiliated with Covestor who are registered as investment adviser representatives of Covestor. Covestor’s registration as an investment adviser with the SEC does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information, which can help you determine whether to hire or retain an adviser. Informational Brochure - February 3, 2026 1 / 55  Item 2: Summary of Material Changes No material changes have been made to this Informational Brochure since the annual amendment filed on March 31, 2025. Informational Brochure - February 3, 2026 2 / 55  Item 3: Table of Contents Informational Brochure 1 Item 2: Summary of Material Changes 2 Item 3: Table of Contents 3 Part 2A: Brochure 4 Item 4: Advisory Business - Covestor Limited (“Covestor”) 4 Item 5: Fees and Compensation 12 Item 6: Performance-Based Fees and Side-by-Side Management of Client Accounts 15 Item 7: Types of Clients 16 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss 16 Item 9: Disciplinary Information 35 Item 10: Other Financial Industry Activities and Affiliations 35 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 37 Item 12: Brokerage Practices 40 Item 13: Review of Accounts 43 Item 14: Client Referrals and Other Compensation 44 Item 15: Custody 44 Item 16: Investment Discretion 45 Item 17: Voting Client Securities 45 Item 18: Financial Information 46 Item 19: Requirements for State-Registered Advisers 46 Part 2B: Brochure Supplement - John Dahlstrom 48 Part 2B: Brochure Supplement - Jennifer Mitton 50 Part 2B: Brochure Supplement - Sanjoy Ghosh 52 Part 2B: Brochure Supplement - Bimal Shah 54 Informational Brochure - February 3, 2026 3 / 55  Part 2A: Brochure Item 4: Advisory Business - Covestor Limited (“Covestor”) Advisory Firm Background and Principal Owner Covestor Limited (“Covestor Ltd” or “Covestor”) doing business as (“dba”) Interactive Advisors, Interactive Advisers, Interactive Brokers Asset Management, IB Asset Management, and IBKR Asset Management, an investment adviser registered with the United States Securities and Exchange Commission (“SEC”), is a private limited company incorporated in the United Kingdom and established on May 15, 2006. Covestor Ltd is not registered to conduct investment advisory business in any jurisdiction outside the United States. Covestor Ltd is incorporated as a private limited company, but is not registered to provide investment management or advice in the United Kingdom or anywhere outside of the United States. Covestor Ltd is owned by Covestor Inc., a privately held firm whose principal owner is Interactive Brokers Group, Inc. Interactive Brokers Group, Inc., together with its subsidiaries (the “Interactive Brokers Group”), is an automated global electronic broker. Interactive Brokers Group, Inc. is a Delaware corporation whose common stock is publicly traded on Nasdaq. Additional information about Interactive Brokers Group is available at https://www.interactivebrokers.com Our registration does not imply any level of skill or training. The oral and written communications we provide to you, including this brochure, are for you to evaluate us and our services, determine whether the advisory services we offer are right for you, and disclose the potential conflicts of interest associated with our services. Covestor primarily conducts its advisory business over the Internet or through privately offered pooled investment vehicles under one of the above-mentioned business names, which are different from its legal name. The Firm’s website is located at https://interactiveadvisors.com. For brevity and convenience, Covestor will be referred to as “Interactive Advisors” throughout this brochure. Advisory Services Interactive Advisors provides: (a) online investment advisory services to retail clients through investments in portfolios (“clients”); and (b) investment advisory and fund management services to private funds (“Fund Clients”). Online Investment Platform - General Overview Interactive Advisors offers an online investment platform through which its clients can invest in two types of portfolios: (1) trading strategies managed by third-party portfolio managers (“Manager Portfolios”) and (2) proprietary investment portfolios designed and managed by Interactive Advisors itself (“Interactive Advisors Portfolios”). Interactive Advisors allows clients to invest in these strategies by simultaneously mirroring or replicating the activity in a Manager- or Interactive Advisors- owned and managed account underlying the specific Portfolio into investing clients’ accounts. Our services to clients are generally limited to the discretionary management of their assets and do not include financial planning or any other services, but we may provide clients free of charge certain software-based financial planning tools or features. Interactive Advisors offers a software tool, the Goal Tracker, which allows logged-in clients to estimate the likelihood of achieving goals they specify within a set period of time using an asset allocation strategy. This tool uses various assumptions and its output has various limitations discussed in this white paper on our website: https://interactiveadvisors.com/learn- more/goal-tracker. Additional information on the assumptions, limitations and risks associated with the Goal Tracker tool is available in Item 8. Principal considerations for potential investors Interactive Advisors’ platform is a primarily online investment platform designed for investors who want to have access to a wide variety of investment choices (including but not limited to Smart Beta, Asset Allocation, index tracking, model ETF portfolios, Socially Responsible Investing and various actively-managed investment strategies) and investors who generally have a longer time horizon. Before opening an account with Interactive Advisors, clients should consider among other things: the costs and potential benefits of investing in such a platform that charges a management fee in addition to commissions charged separately by our affiliated broker-dealer, Interactive Brokers LLC (“IB LLC”, “Broker-Dealer”, or “Custodian”); the need and desire for professional money management services; whether the client is comfortable granting investment discretion to an investment adviser like Interactive Advisors; the client’s objectives, risk tolerance, time horizon, and financial circumstances; whether the client prefers a primarily in-person rather than digital (online) and telephonic client experience; and whether the client can receive documents electronically. Before investing with Interactive Advisors or any other investment adviser, clients should consider paying off their high-interest debt and using workplace savings options. Informational Brochure - February 3, 2026 4 / 55  Distinction from traditional advisory services Clients interested in using Interactive Advisors’ services should be aware of the fact that Interactive Advisors provides its investment services primarily online, although it does make client support staff available for consultation as needed by Clients on servicing and investment management issues. Clients should be able and willing to conduct most of their interactions with Interactive Advisors using electronic methods. In the Investment Management Agreement they execute with Interactive Advisors, Clients agree to receive all documents, notices, and updates electronically by email or through their access to the Firm’s website accompanied by an email notice. Platform Limitations While we have designed our platform to be broadly applicable to many clients, it may not be appropriate for you if you: ● desire more frequent account reviews for trading opportunities; ● have a very short or a very long investment horizon, a high tolerance for market risk, or a desire to invest significantly in alternative asset classes; or ● have especially complex investment objectives and needs as your current investments consist of illiquid securities, annuities, and/or extremely low basis securities. Because our platform is an online advisory service, it is not appropriate for you if you have limited or no access to technology. Should you determine that our platform is appropriate for you notwithstanding the above considerations, you must keep in mind that it is meant to be a component of your overall investment strategy and not your sole investment strategy. The platform’s projections and decisions are limited in scope to the risk questions we ask you through the website before allowing you to invest with us and the information that you supply to us. As the platform does not provide comprehensive financial planning, there may be additional relevant information or other financial circumstances that the platform does not consider (e.g., your debt load or other financial obligations) that could inform your investment decisions. We urge you to carefully consider the platform’s costs and benefits before opening an advisory account and beginning to invest. Interactive Advisors’ risk scoring methodology Interactive Advisors analyzes each strategy on the platform to determine a risk score for the associated Portfolio. Interactive Advisors then assigns a risk score between 1 (least risky) and 5 (most risky) to each Portfolio. The purpose of the risk score is to ensure that the Portfolio risk is in line with client expectations and meets Interactive Advisors’ fiduciary obligation to recommend suitable investments for clients. To ensure that Interactive Advisors clients have access only to Portfolios that are suitable for their ability to take on risk and risk tolerance, Interactive Advisors profiles clients using a risk questionnaire to ascertain their risk tolerance, using the same scale of 1 to 5. The risk assessment/suitability questionnaire takes into consideration clients’ financial situation, annual net income, estimated liquid net worth, age, investing knowledge, investment horizon, tolerance for stock market drops, and attitude towards the trade-off between risk and return in connection with Interactive Advisors investments. Interactive Advisors calculates risk scores for clients based on clients’ answers to this questionnaire. In determining the risk score of clients investing in an Interactive Advisors portfolio through their existing investment advisor, Interactive Advisors will take into account the answers the client’s existing advisor provides in response to the Interactive Advisors risk questionnaire based on a separate authorization provided by the client to the advisor (discussed in Item 7). Advisors also have the option to use a general risk scoring tool offered by our affiliate IB LLC to design their own risk questionnaire and risk scoring formula and generate risk scores for their clients. To ensure consistency between the risk scores generated by its own risk assessment questionnaire and the IB LLC risk scoring tool, for purposes of investments with Interactive Advisors, the IB LLC tool uses a risk questionnaire framework and formula that Interactive Advisors’ Investment Management Team has deemed equivalent to its own risk scoring framework. Interactive Advisors matches up clients’ assigned risk scores with Portfolio risk scores in accordance with a proprietary risk scoring methodology, i.e., clients may only invest in Portfolios with a risk score equal to or lower than their risk score. Based on the risk score assigned by Interactive Advisors, clients may invest in one or more of the Portfolios or strategies that have risk scores equal to or lower than the client either on their own or with the assistance of Interactive Advisors’ client service representatives (who are appropriately registered as Investment Adviser Representatives). Interactive Advisors does not take into account a client’s personal tax situation when recommending and managing portfolios. Interactive Advisors recommends that clients consult with their tax advisor on such matters. Clients can update their responses to the risk assessment questionnaire on Interactive Advisors’ website at any time to reflect changes in their personal circumstances (e.g., financial situation, investment objectives, and risk tolerance). Changes to these responses could (but do not necessarily have to) result in a change in a client’s risk score and thus the Portfolios that the client Informational Brochure - February 3, 2026 5 / 55  may be able to invest in. If a client’s updated risk score is lower than the risk score of any of his then-existing portfolio investments, Interactive Advisors will prompt the client to invest in portfolios with risk scores consistent with the client’s new risk score and Interactive Advisors will divest the client from the higher-risk-score portfolios after 30 days. Interactive Advisors provides detailed definitions of all portfolio and client risk scores in the Learn more section of its website, under the Risk scores tab (https://interactiveadvisors.com/learn-more/risk-scores). Interactive Advisors clients are and remain responsible at all times for advising Interactive Advisors of any changes in their financial situation, investment objectives, risk tolerance, and investment restrictions. investments and may be contacted by Annually, Interactive Advisors contacts clients to determine whether there have been any changes in their financial situation or investment objectives and whether clients want to impose new or revise existing restrictions on the trading in their accounts. Also, at least quarterly, Interactive Advisors will notify clients in writing to contact it if there have been any changes in their financial situation or investment objectives or they wish to impose any restrictions on the trading in their account. Clients will generally receive periodic statements and trade confirmations setting forth all transactions in their accounts, all contributions and withdrawals, all fees and expenses charged, and the value of their account at the beginning and end of the period (including any fractional share holdings and transactions) from Interactive Advisors’ affiliated broker-dealer, IB LLC. Interactive Advisors’ client service representatives are available to discuss and explain investment decisions made for their Interactive Advisors Portfolio telephone at 1-866-825-3005 and by email at support@interactiveadvisors.com. individual, password-protected, login credentials to its website, Interactive Advisors provides clients with https://interactiveadvisors.com/ where clients can view their holdings and account history as well as get access to account- related documents, and revise their answers to the risk assessment questionnaire to reflect changes in their circumstances. Interactive Advisors’ co-trading technology Once an Interactive Advisors client invests in a specific strategy, Interactive Advisors simultaneously mirrors or replicates into investing clients’ accounts the activity in the Portfolio Manager or Interactive Advisors-owned and traded account underlying that Portfolio. Clients and Portfolio Managers have to enter into agreements with Interactive Advisors and with Interactive Advisors’ affiliated broker-dealer IB LLC and have to open brokerage accounts with IB LLC. A central piece of Interactive Advisors’ trading process is the aggregation of all Portfolio Manager or Interactive Advisors trades (depending on whether the Portfolio is a Manager or Interactive Advisors Portfolio) and investing client orders into a single order. To ensure pricing and execution fairness and to prevent any potential front-running by Portfolio Managers or Interactive Advisors of client trades following them, Interactive Advisors places a single order that combines the Portfolio Manager’s (or Interactive Advisors’) order with the number of shares that need to be transacted in order to replicate the Manager’s or Interactive Advisors’ strategy into all investing clients’ accounts, a process referenced as “co-trading”. Interactive Advisors then allocates the share to the Portfolio Manager (or Interactive Advisors) and clients’ accounts on a pro rata basis at the average share price with transaction costs shared pro rata. Interactive Advisors’ trading rules and client-specified investment restrictions Interactive Advisors does not automatically replicate all trades in the Portfolio Managers’ or Interactive Advisors’ accounts. For instance, clients may specify that certain securities not be traded in their accounts, and Interactive Advisors will block trading in these securities even if a Manager (or Interactive Advisors) in whose Portfolio the client invests trades that security. Clients may also decide to apply various Socially Responsible Investing exclusion lists (initially compiled and periodically updated by Interactive Advisors) to their portfolio investments in order to have their portfolio investments avoid certain issuer practices (e.g., animal testing; business ethics controversies; corporate political spending and lobbying; energy intensive; fossil fuels; greenhouse emissions; hazardous waste; high water usage; tobacco, alcohol and gambling; and weapons and gun manufacturers). Additionally, Interactive Advisors may also disallow certain portfolio trades altogether or simply block them from replication or mirroring into client accounts based on its trading rules. For instance, Interactive Advisors does not allow Manager or Interactive Advisors Portfolios to trade certain securities, including those with a market capitalization of less than $50 million or an average daily volume of less than $100,000. Trades that violate any of Interactive Advisors’ trading rules are blocked from replication in client accounts. No guaranteed availability of Portfolios For various reasons, Interactive Advisors may not be able to continue offering a specific portfolio. For instance, Interactive Advisors may need to close a Manager Portfolio because the Portfolio Manager has decided to no longer make his trading data available and terminate his participation on the platform. Portfolio Managers can close a Portfolio upon providing a 30- day notice to Interactive Advisors at any time. When a closure occurs, Interactive Advisors will attempt to provide clients with a selection of Portfolios with similar strategies wherever possible. Interactive Advisors may need to close one of the Interactive Advisors Portfolios because it can no longer obtain the data from a third-party data provider (which may have Informational Brochure - February 3, 2026 6 / 55  terminated the relevant data licensing agreement) or for another reason. Should that occur, Interactive Advisors will inform clients investing in such portfolios that the portfolio is no longer available and clients need to invest in different portfolios or convert their existing investments in such portfolios into cash. Interactive Advisors will provide clients with as much advance notice as practicable under these circumstances but no less than 30 days. Clients should be aware that in certain cases Interactive Advisors depends on the Portfolio Managers or a third-party data provider to provide it with advance notice of such decisions and, in order to protect clients’ interests, some portfolio divestments may need to occur before the expiration of the 30-day period if the third-party provider decides to stop managing the portfolio before the end of that notice period. Interactive Advisors cannot ensure that a comparable portfolio will be available, and, whether or not alternative portfolios exist on the platform or elsewhere. Clients are under no obligation to maintain an account with Interactive Advisors or, if they maintain an account, to invest in any Portfolios. Please note that, after the closure of a portfolio, clients can choose to maintain the integer investments in that closing portfolio in an IB LLC brokerage account distinct from the one managed by Interactive Advisors or an external brokerage account outside of IB LLC, but clients will be responsible for managing those investments themselves, including periodically rebalancing the assets. Fractional holdings in a closed portfolio cannot be transferred and must be sold. Please note that, if you choose to remain invested with Interactive Advisors after the closure of a portfolio, you will incur transaction fees in connection with liquidating your investment in a closed portfolio and investing in a new portfolio. You may also incur federal and state tax liabilities if liquidation results in long and/or short-term gains. Manager Portfolios Manager Portfolios generally simultaneously replicate (mirror) the trading by third-party Portfolio Managers. Interactive Advisors assigns risks scores to the Portfolio Manager strategies on its platform and allows Interactive Advisors clients with commensurate risk scores to invest in those strategies. Managers on the Interactive Advisors platform may be either registered investment advisors or advisors exempt from registration. Registered Portfolio Managers must be federal or state-registered investment advisers, including hedge fund managers. While Non-Registered Portfolio Managers may be hedge fund managers exempt from registration, Interactive Advisors only allows such Non-Registered Portfolio Managers meeting certain trading experience and portfolio size criteria to participate. Portfolio Managers participating on the Interactive Advisors platform represent to Interactive Advisors that they are appropriately registered or licensed or exempt from such licensing or registration requirements in light of the business they conduct both on and outside the Interactive Advisors platform. Portfolio Managers registered as investment advisers with the SEC or a U.S. state also confirm to Interactive Advisors they are in good standing, will provide their current Form ADV 2A and 2B filing to Interactive Advisors, and they and their access persons comply with all applicable regulatory requirements. Portfolio Managers must also notify Interactive Advisors of changes in their registration or regulatory status. At this time, only registered Portfolio Managers participate on the Interactive Advisors platform. Portfolio Managers share their personal investment history by providing Interactive Advisors with access to their trade data in an IB LLC brokerage account in real-time through a data feed. Portfolio Managers deploy their investment strategy by trading in that IB LLC brokerage account, which is owned by the Portfolio Managers or their investment advisory firms. Portfolio Managers license their portfolio holdings and trading record (“Historical Trade Data”) to Interactive Advisors for publication and analysis. Historical Trade Data provided by Portfolio Managers may be related to the Portfolio Manager’s trading in client, model (based on aggregate performance of all client assets invested in a given strategy) and/or proprietary accounts. Some Portfolio Managers also provide additional content including their investment strategy, profile, portfolio market reports and analysis. (Collectively, this additional content along with Historical Trade Data are referred to as “Manager Content.”) Managers may run multiple Portfolios on the Interactive Advisors platform. All Manager Content represents the opinions of that Manager, should not be construed as personalized investment advice to you or any other Interactive Advisors client, and is subject to change without notice. Interactive Advisors’ clients do not invest directly with the Portfolio Managers and the Managers do not have discretionary trading authority over Interactive Advisors client accounts. The Portfolio Managers simply license their trade data to Interactive Advisors, which then allows its clients to have Interactive Advisors mirror the same strategy and trading decisions in their accounts if the Portfolio is in line with their risk score. Portfolio Managers implement their trading philosophy and strategy without knowing the identity of Interactive Advisors’ clients or taking into account Interactive Advisors clients’ individualized circumstances. Interactive Advisors’ offering of Manager Portfolios to its clients does not imply that these strategies have been tested elsewhere, or have been successful for the Portfolio Manager’s clients or the Portfolio Manager himself. Informational Brochure - February 3, 2026 7 / 55  Information on Manager Portfolios, their strategies, applicable fees, and minimum investment amounts may be found on the individual portfolio pages on the https://interactiveadvisors.com website, accessible from the portfolio webpage: https://interactiveadvisors.com/portfolios Interactive Advisors Portfolios In addition to Manager Portfolios, Interactive Advisors allows its clients to invest in certain portfolios that Interactive Advisors itself constructs and manages. These portfolios (referred throughout this Brochure as “Interactive Advisors Portfolios”) are proprietary investment portfolios designed and managed by Interactive Advisors itself. At this time, these in-house-constructed portfolios include the Smart Beta Portfolios, the Asset Allocation Portfolio, the Index-Tracking Portfolios, the model ETF portfolios (e.g., the WisdomTree, and State Street/SSGA Portfolios), and the Socially Responsible Investing Portfolios. Interactive Advisors may launch additional in-house portfolios in the future and will update this disclosure as needed to discuss their features and associated risks. To provide the Interactive Advisors Portfolios, Interactive Advisors initially funds and trades a fixed amount of its funds in separate proprietary brokerage accounts associated with each portfolio. Interactive Advisors reserves the discretion to add additional funds to the initial investment amounts in order to manage these Firm-owned accounts with a higher investment amount and more efficiently manage investments in these portfolios. Interactive Advisors then replicates the trading in these proprietary brokerage accounts in the accounts of clients investing in that specific portfolio in order to implement its mirroring procedures. Subsequently, any periodic (e.g., annually, quarterly, monthly or more frequent) rebalancing trades placed by Interactive Advisors in these portfolios are proportionally replicated in client accounts investing in one or more of these portfolios via Interactive Advisors’ co-trading technology. Prior to investing in any of the Interactive Advisors Portfolios discussed below, clients are prompted and required to review and acknowledge a separate portfolio-line-specific risk disclosure specifically laying out the risks and conflicts of interest, the applicable fees and commissions, and the brokerage arrangements associated with investments in each portfolio line. This disclosure document titled “Client Disclosures for Investments in Specific Interactive Advisors Portfolio Lines” is available on the Forms and Agreements webpage: https://interactiveadvisors.com/forms-and- agreements Smart Beta Portfolios At this time, Interactive Advisors offers 15 Smart Beta Portfolios, briefly discussed below. In the future, Interactive Advisors may construct and offer to its clients other Smart Beta portfolios. Each Smart Beta portfolio seeks, as its investment objective, to achieve total returns that exceed the total returns of certain market-capitalization-weighted indices, such as the S&P 500, by relying on systematic rules-based investment strategies that do not use conventional market capitalization weights. They are designed to provide systematic exposure to a fundamental factor or combination of factors, and employ alternative weighting schemes based on measures such as value, growth, quality, and dividend yield. In July 2019, Interactive Advisors launched ESG equivalents for 5 of the Smart Beta portfolios discussed in Item 8 of this Brochure. Additional information on the Smart Beta Portfolio construction process, actual trading results of the Firm-owned accounts managing these portfolios, and other information on the general features of these portfolios may be found in this white paper: https://interactiveadvisors.com/learn-more/smart-beta (also accessible from the Learn more tab on our webpage) and on the individual portfolio pages (accessible from the webpage: https://interactiveadvisors.com/portfolios). Asset Allocation Portfolio Upon clients’ taking the risk assessment questionnaire and obtaining a risk score, Interactive Advisors recommends the most suitable Asset Allocation Portfolio. Clients may accept or disregard this recommendation and proceed to select their own portfolio investments based on their risk scores. Aside from the Asset Allocation Portfolio, Interactive Advisors recommends no other portfolios on its platform at this time, allowing clients to select portfolios on their own as long as in line with their risk score. Interactive Advisors does not recommend any portfolios (including the Asset Allocation Portfolio) to clients residing in India selecting to invest on the platform pursuant to business arrangements with certain Indian broker dealers The Asset Allocation Portfolio generally invests in 10-14 Exchange Traded Funds (“ETFs”). Interactive Advisors generally selects the ETFs in each Asset Allocation Portfolio to best represent the target asset class while having relatively low management fees and being relatively liquid. Information on the general features of the Asset Allocation Portfolio may be found in this white paper: https://interactiveadvisors.com/learn-more/asset-allocation (also accessible from the Learn more tab on the webpage: https://interactiveadvisors.com). Informational Brochure - February 3, 2026 8 / 55  The custom Asset Allocation Portfolio feature allows Clients investing in the Asset Allocation Portfolio to adjust up or down the default ETF allocation in their Asset Allocation Portfolio investment(s), subject to limitations based on the risk tolerance they indicated to us. The standard Asset Allocation Portfolio uses preset weights for each sub-asset class/ETF corresponding to Client’s risk score and account type (i.e., regular brokerage versus IRA account). In general, a Client may increase or reduce an allocation to a particular sub-asset class/individual ETF by up to 3% and may eliminate allocations to certain sub-asset classes/individual ETFs if our allocation model for his risk tolerance level permits. Clients may also apply an “industry tilt” to their portfolio by allocating assets to industry/sector-specific ETFs. Depending on their risk score, clients may allocate 1%-3% of their portfolio to each available sector-specific ETF. Clients may only allocate assets to the ETFs that Interactive Advisors has selected for inclusion in the Asset Allocation Portfolio program. Each ETF Interactive Advisors makes available for the Asset Allocation Portfolio is subject to unique risks. For additional details on the risks associated with a particular ETF, please consult the prospectus and risk disclosures for that ETF. Interactive Advisors has and retains the discretion to choose which specific ETFs to purchase or sell and the timing of the trade in clients’ custom Asset Allocation Portfolio investment(s). Interactive Advisors also reserves the right to initially select and subsequently change the available industry sectors and the specific ETFs corresponding to each industry sector. All specific ETFs used in a custom Asset Allocation Portfolio are subject to change at Interactive Advisors’ discretion based on its evaluation of liquidity, cost of ownership (i.e., expense ratio associated with the ETF) and coverage (i.e., adequate exposure to the specific sub-asset class/industry tilt the ETF seeks to represent) without notice to clients choosing to utilize the custom Asset Allocation Portfolio functionality. If a client customizes his Asset Allocation Portfolio investment, he may alter the investment characteristics of the portfolio, including the expected return, risk, diversification and tax efficiency of the portfolio. The allocation clients select is their ultimate responsibility and the performance of their customized Asset Allocation Portfolio investment may be worse or better than the performance of Interactive Advisors’ recommended standard Asset Allocation Portfolio. Additionally, clients’ selection and allocation of ETFs in their custom Asset Allocation Portfolio may result in higher costs to them than they would incur in Interactive Advisors’ standard Asset Allocation Portfolio for their risk score. Interactive Advisors reserves the right to modify the customized Asset Allocation Portfolio feature, including by changing or limiting the availability or weighting of certain investments or groups of investments if it determines such action to be in clients’ best interests. Clients interested in using our custom Asset Allocation Portfolio feature are asked to carefully read the disclosure language in Disclosures for Investments in Specific Portfolio Lines (which they receive at the time of investing in the Asset Allocation Portfolio; available at this location: https://interactiveadvisors.com/forms-and-agreements and consider their personal circumstances before deciding whether to use our custom Asset Allocation Portfolio feature. Optional Tax Loss Harvesting Functionality for Clients Investing in the Asset Allocation Portfolio Interactive Advisors offers clients invested in the taxable Asset Allocation Portfolio the option to use tax loss harvesting (“TLH”) as a value-added strategy. Tax loss harvesting is a strategy of selling securities in your portfolio that have decreased in value, to generate capital losses to potentially decrease your taxes while using the proceeds from the sales to purchase similar (but not identical) securities, to maintain the expected risk and return characteristics of the portfolio. Capital losses may be used to offset capital gains and/or up to $3,000 per year on income. Tax loss harvesting rules pertain to individual investors who are US taxpayers or US persons. They may or may not apply to other types of investors. Clients may opt in or out of TLH at any time on their client dashboard. There is no additional fee for activating the TLH functionality. Clients remain responsible for the annual account management fees associated with their Asset Allocation Portfolio investments. Clients who are not invested in our Asset Allocation Portfolio cannot use our TLH functionality. TLH is conducted quarterly, during the regular quarterly rebalances for the Asset Allocation Portfolio. Our TLH algorithm gives more weight to short-term losses than long-term losses since the IRS treats short-term capital gains differently than long-term ones and typically taxes them at a higher rate. The implementation of our TLH algorithm assumes you do not hold or trade the ETFs held in your Asset Allocation Portfolio investments in any other account. If the loss is deemed sufficiently large, the algorithm will direct selling of the ETF and replacing it with a different but historically correlated ETF. When determining whether to harvest a loss and replace an ETF, the TLH algorithm takes into account factors including the size of the unrealized loss and wash sale avoidance considerations. Replacement ETFs are selected based on correlation to original ETF, expense ratio, liquidity and the underlying index of the ETF. If the weighted losses exceed a certain loss threshold and if the ETF has not been purchased over the previous 30 days, all the holdings in that ETF in the Asset Allocation Portfolio investment will be sold and the proceeds will be used to buy the replacement ETF. We may revise the TLH algorithm in the future to accommodate partial replacements. During periods of high trading volatility, Interactive Advisors reserves the discretion to cancel or postpone the replacement trades. Interested clients should carefully review the disclosure document presented to them before they may turn on this functionality (also available here: https://cdn.interactiveadvisors.com/22110402/documents/clients/tax-loss-harvesting-disclosure-07-sep- 2022.pdf) and consider their personal circumstances (e.g., tax situation) before activating TLH in their IA account(s). For Informational Brochure - February 3, 2026 9 / 55  additional details on the operation of TLH, including our list of replacement ETFs, you should read our white paper at: https://interactiveadvisors.com/learn-more/tax-loss-harvesting. Clients are solely responsible for determining whether to activate TLH and whether it is suitable in their circumstances. Socially Responsible Investing Portfolios Interactive Advisors offers 18 Socially Responsible Investing Portfolios, launched in the period from April 2019 to July 2020, briefly discussed below. In the future, Interactive Advisors may construct and offer to its clients other Socially Responsible Investing portfolios. Each Socially Responsible Investing portfolio seeks, as its investment objective, to invest in a basket of stocks with favorable Socially Responsible Investing characteristics and criteria laid out in the Research section of each portfolio page by relying on systematic rules-based investment strategies that do not use conventional market capitalization weights. In addition to financial criteria, these portfolios are constructed using Socially Responsible Investing criteria when selecting investments. Additional information on the Socially Responsible Investing Portfolio construction process, actual trading results of the Firm- owned accounts managing these portfolios, and other information on the general features of these portfolios may be found in this white paper: https://interactiveadvisors.com/esg and on the individual portfolio pages (accessible from the webpage: https://interactiveadvisors.com/portfolios). Index Tracking Portfolios At this time, Interactive Advisors offers 14 Index Tracking Portfolios. Each Index Tracking Portfolio is designed to follow certain predefined rules so that the portfolio can track the specified basket of underlying investments of the reference index. Each of the Index Tracking Portfolios aims to track the performance of the underlying basket of the index, and is a form of passive investing. Interactive Advisors constructs and manages the Index Tracking Portfolios based on data provided by the FTSE International Limited (“FTSE”) and the Frank Russell Company (“Russell”) under licensing agreements. The goal of these portfolios is to allow investors to track the performance of certain specified portions of the US Stock market as represented by the reference index. While based on data provided by the above two index providers, who calculate the reference indices, the Index Tracking Portfolios are not in any way sponsored, endorsed, sold, promoted, or recommended by these two index providers. Additionally, while these portfolios aim to track each corresponding reference index as closely as possible and mimic the performance of that index, Interactive Advisors cannot make any guarantee that these portfolios will succeed in doing so. Information on the general features of the Index Tracking portfolios may be found on the individual portfolio pages, accessible through the webpage: https://interactiveadvisors.com/portfolios (or through the Portfolios links on the home page). WisdomTree ETF Portfolios at: At this time, Interactive Advisors offers four WisdomTree ETF Portfolios. These portfolios are proprietary investment portfolios constructed and managed by Interactive Advisors based on data provided by WisdomTree Asset Management, Inc. (“WisdomTree”) pursuant to a model portfolio licensing agreement. These portfolios are based on WisdomTree’s Model Portfolios, implementing an index-centric approach seeking to add value through both asset allocation and ETF selection relative to composite cap-weighted benchmarks. While strategic in nature, these model portfolios also reflect tactical tilts based on market conditions. These portfolios are almost entirely composed of ETFs owned and managed by WisdomTree and its affiliates (“WisdomTree ETFs”). WisdomTree primarily uses WisdomTree ETFs in these portfolios unless there is no WisdomTree ETF consistent with the desired asset allocation or model portfolio strategy. There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because WisdomTree and its affiliates earn fees for advisory, administrative and other services from most of the ETFs selected for these portfolios (and thus benefit from investments made in these portfolios), WisdomTree has an incentive to favor its own ETFs and to include higher cost ETFs in these portfolios. Additional information on the ETFs included in each of these portfolios, including their investment objectives, risks, charges and expenses, can be found in the prospectus for each ETF here (and https://www.wisdomtree.com/investments/resource-library/prospectus-regulatory-reports https://www.ishares.com/us/library/financial-legal-tax) or can be obtained by calling 1-866-825-3005. While WisdomTree manages the model portfolios (deciding on their ETF composition, weighting, periodic reweighting and reallocation), it does not have discretionary authority over and cannot place trades in Interactive Advisors client accounts. Interactive Advisors is responsible for placing trades in client accounts invested in portfolios corresponding to each model portfolio and allowing investments in a specific portfolio deemed suitable for each client based on the client’s responses to a risk questionnaire. Additional information about each of the WisdomTree ETF Portfolios may be viewed on the individual portfolio pages on our https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-aggressive; website https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-endowment-moderately-aggressive; https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-conservative; https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-moderate. Informational Brochure - February 3, 2026 10 / 55  SSGA ETF Portfolios At this time, Interactive Advisors offers two State Street ETF Portfolios. These portfolios are proprietary investment portfolios constructed and managed by Interactive Advisors based on data provided by SSGA Funds Management, Inc. (“SSGA”) pursuant to a model portfolio licensing agreement. These portfolios are based on SSGA’s Global Tactical Asset Allocation ETF Model Portfolios, implementing a tactical asset allocation decision-making process, which includes evaluation of global asset classes. These portfolios are almost entirely composed of ETFs owned and managed by SSGA and its affiliates (“SSGA ETFs”). There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because SSGA and its affiliates earn fees for advisory, administrative and other services from most of the ETFs selected for these portfolios (and thus benefit from investments made in these portfolios), SSGA has an incentive to favor its own ETFs and to include higher cost ETFs in these portfolios. Additional information on the ETFs included in each of these portfolios, including their investment objectives, risks, charges and expenses, can be found in the prospectus for each ETF here: https://www.ssga.com/us/en/institutional/etfs/fund-finder?tab=documents. on our website at: https://interactiveadvisors.com/ssga?portfolio=ssga-growth While SSGA develops the model portfolios (deciding on their ETF composition, weighting, periodic reweighting and reallocation), it does not have discretionary authority over and cannot place trades in Interactive Advisors client accounts. Interactive Advisors is responsible for placing trades in client accounts invested in portfolios corresponding to each model portfolio and allowing investments in a specific portfolio deemed suitable for each client based on the client’s responses to a risk questionnaire. Additional information about each of the SSGA ETF Portfolios may be viewed on the individual portfolio pages and https://interactiveadvisors.com/ssga?portfolio=ssga-moderate Interactive Advisors Multi-Manager Funds Interactive Advisors’ Fund Clients currently consist and are expected to consist of the Interactive Advisors Multi-Manager Funds, which Interactive Advisors launched on February 1, 2022. Interactive Advisors provides investment advisory services on a discretionary basis to three privately offered pooled investment vehicles in a master-feeder structure: Interactive Advisors Multi-Manager Onshore Fund, L.P, a Delaware limited partnership (the “Onshore Fund”); Interactive Advisors Multi-Manager Offshore Fund, L.P., a Cayman Islands exempted limited partnership (the “Offshore Fund”); and, Interactive Advisors Multi- Manager Master Fund, L.P., a Cayman Islands exempted limited partnership (the “Master Fund”) (each, a “Multi-Manager Fund” and collectively, the “Multi-Manager Funds”). Interactive Advisors Clients and the Investment Management Agreement Clients must enter into one or more written agreements with Interactive Advisors setting forth the terms and conditions under which Interactive Advisors shall render its services (the “Investment Management Agreement” or “Client Agreement”) before they engage Interactive Advisors to provide its investment management services. This agreement provides Interactive Advisors with discretionary authority to initiate investment activities on behalf of the client over the client’s investment assets. A copy of Interactive Advisors’ form Client Agreement is available upon request, as well as via the Forms and Agreements page on our website in the Account Opening Agreements and Disclosures link (https://interactiveadvisors.com/forms-and- agreements). Pursuant to that agreement, Interactive Advisors uses its related custodian’s trading facilities to mirror or replicate trades in Manager or Interactive Advisors Portfolio accounts into the investing clients’ accounts. Interactive Advisors uses its affiliated broker-dealer, IB LLC, to execute all trades on its platform. Unless otherwise agreed upon, clients are provided with transaction confirmation notices and regular summary account statements directly from IB LLC for their accounts (by mail, electronically on IB LLC’s website or through an IB LLC window embedded on the client dashboard at https://interactiveadvisors.com/). Clients also receive online access to account activity reports from Interactive Advisors that include relevant account and/or market-related information such as an inventory of account holdings and account performance on a daily basis, and monthly updates of account balances and performance. However, Clients should review the information in their custodial statements for accuracy and compare that information to any report they receive from Interactive Advisors. Interactive Advisors expects to execute an Investment Management Agreement with each of the Fund Clients. Investors in the Fund Clients (the “Fund Client Investors”) are provided with reports as further described in each Fund Client’s governing and offering documents. Assets Under Management As of December 31, 2025 Interactive Advisors manages approximately $196 million in assets on a discretionary basis, including approximately $46 million in private fund assets. Interactive Advisors does not manage any assets on a non- discretionary basis at this time. Clients should be aware that a significant shareholder of Interactive Brokers Group, Inc. is also a significant client of Interactive Advisors. Informational Brochure - February 3, 2026 11 / 55  Termination of the Investment Management Agreement The agreement between Interactive Advisors and the client will continue in effect until terminated by either party pursuant to the terms of that agreement. Clients receive a copy of Interactive Advisors’ written disclosure statement or Informational Brochure (i.e., this document) at the time they execute the Client Agreement. Interactive Advisors Website The content of the Interactive Advisors website at https://interactiveadvisors.com, including Manager Content, performance analysis and rankings is provided as general and impersonalized investment information and commentary, and does not constitute a specific recommendation or solicitation that anyone should purchase or sell any particular security, investment advisory service, or portfolio. Interactive Advisors relies on information provided to it by Portfolio Managers and certain third parties in publishing Manager Content for the websites, and also provides internally-generated content. Interactive Advisors obtains Manager Content from sources believed to be reliable, but makes no representation as to its accuracy or completeness. Item 5: Fees and Compensation Interactive Advisors advisory fees are calculated and charged to clients investing in portfolios through its website on the following basis: Annual Management Fees If engaged, Interactive Advisors charges an annual fee based upon a percentage of the market value of the assets being managed by Interactive Advisors, i.e., the assets that a client chooses to invest in a Manager or Interactive Advisors Portfolio (“Management Fee”). Clients are able to invest in more than one portfolio available on https://interactiveadvisors.com. Interactive Advisors charges distinct Management Fees for investments in each portfolio. If clients choose to invest in multiple portfolios, they will be charged the sum of the fees associated with each portfolio they invest in. Management Fees vary by Portfolio chosen and the level of assets invested in that Portfolio. No Management Fees are charged on assets that are not invested in a Portfolio. 1. For Manager Portfolios, the Management Fee consists of an annual management fee, quoted as an annual percentage of the market value of client assets invested in a Manager Portfolio, ranging between 0.25% and 0.75% of the market value of client assets invested in each Portfolio. a. The Management Fee charged by Interactive Advisors for investments in each Manager Portfolio may be found on our website at https://interactiveadvisors.com/portfolios. b. For Manager Portfolios, Interactive Advisors retains 0.25% of any Management Fees charged to its clients and pays any remaining portion of Management Fees collected from clients to the Portfolio Managers. c. Clients may be able to contract directly with the Portfolio Managers offering their strategies on the Interactive Advisors platform to obtain their advisory services outside of the platform at lower fees than they pay to Interactive Advisors. 2. For the Interactive Advisors Portfolios, Interactive Advisors charges investing clients an annual Management Fee ranging between 0.10% and 0.20% of the market value of client assets invested in each portfolio. a. For the Smart Beta, Asset Allocation, and Socially Responsible Investing Portfolios, Interactive Advisors charges 0.20% of the market value of client assets invested in one of these portfolios. i. The Asset Allocation Portfolio is made up of ETFs. As explained throughout this Brochure, ETF issuers charge management fees and expenses, which are disclosed in the ETFs’ prospectuses. Clients will be solely responsible, directly or indirectly, for these additional expenses. Interactive Advisors does not receive any portion of these commissions, fees, or costs, including but not limited to the fees or costs charged by ETF sponsors or issuers. Clients may contact Interactive Advisors at any time to get information on the fees and expenses charged by the ETFs in which they are invested through their investment in one or more of the Interactive Advisors Portfolios (e.g., Asset Allocation, SSGA, or WisdomTree Portfolios) or Manager Portfolios. ii. Because Interactive Advisors staff have constructed and manage the Smart Beta, Asset Allocation, and Socially Responsible Investing Portfolios without any involvement on the part of Portfolio Managers or a third-party data provider, Interactive Advisors retains the entire fee charged to its Informational Brochure - February 3, 2026 12 / 55  clients for investments in these portfolios and does not pay any portion of this fee to any Portfolio Managers or other third-party data providers. b. For the Index Tracking Portfolios, Interactive Advisors charges investing clients an annual Management Fee amounting to 0.20% (20 basis points) of the market value of client assets invested in one or multiple Index Tracking Portfolios. i. Interactive Advisors remits half of the 0.20% annual management fee collected from investing clients to FTSE International Limited or the Frank Russell Company, the index providers licensing the data necessary to construct and rebalance these portfolios. c. For the WisdomTree andSSGA, and ETF Portfolios, Interactive Advisors charges investing clients an annual Management Fee amounting to 0.10% (10 basis points) of the market value of client assets invested in those portfolios. Interactive Advisors does not remit any of that fee revenue to WisdomTree orSSGA, but these ETF model providers benefit from the expense ratios associated with the ETFs included in the models they provide to Interactive Advisors. 3. Interactive Advisors’ Management Fee shall be computed daily, but prorated and charged monthly, in arrears or retroactively for the previous month (or in connection with a withdrawal from a portfolio), based upon the daily market value of invested assets during the previous month. Thus, on a daily basis, the applicable fee rate associated with each Portfolio in which a client has invested will be applied to the end-of-day market value of the client’s investment (i.e., assets in client account invested) into that Portfolio, with the resulting amount divided by 365. For purposes of calculating Interactive Advisors’ Management Fee, the value of the investment will be the value on the day the fee is calculated (i.e., the initial value of the assets initially invested by the client in the strategy and all intervening additions to or subtractions from that up to the date the fee is calculated). At the end of each month, the client is charged a Management Fee made up of the sum of all daily fees calculated during that month for each investment. 4. For the initial month of investment management services, the first month’s fees shall be calculated on a pro rata basis. Interactive Advisors’ fee shall be prorated through the date of termination and any remaining balance shall be charged or refunded to the client, as appropriate, in a timely manner. 5. The market value of an investment for purposes of calculating the Management Fee that a client owes to Interactive Advisors is calculated based on data provided by IB LLC, Interactive Advisors’ affiliated broker-dealer and custodian. IB LLC uses pricing data from independent third parties (SIX Financial, aka Telekurs for U.S. stocks and ETFs) to arrive at the asset pricing information used by Interactive Advisors to derive portfolio values for purposes of its Management Fee calculations. 6. Interactive Advisors automatically deducts its Management Fees from client accounts, as authorized in the Client Agreement, using IB LLC’s invoice billing process. Interactive Advisors calculates the fees owed to it by each client every month and submits the invoice to IB LLC. IB LLC debits those fees from client accounts and pays them to Interactive Advisors. The fees calculated and invoiced by Interactive Advisors must be in accordance with the level of fees outlined for the various portfolios in the Client Agreement and at https://interactiveadvisors.com/low-fees. Interactive Advisors does not charge its clients fees in advance. Additional details on how Interactive Advisors calculates the Management Fees due to it by clients investing in any of its portfolios are included in Appendix A of the Investment Management Agreement all clients agree to before retaining Interactive Advisors as their investment advisor. Interactive Advisors, in its sole discretion, may waive a portion of the Management Fee or charge a lower Management Fee based upon certain criteria, including but not limited to: the initial launch of a service line, anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-existing client, account retention, and pro bono activities. Interactive Advisors’ fees are not generally negotiable by individual clients. The fees applicable to each Manager Portfolio available on the platform are generally negotiated between Interactive Advisors and the Portfolio Manager offering the specific strategy. Costs, Fees and Expenses Not Included in Interactive Advisors’ Annual Management Fees Interactive Advisors’ fees only cover its investment advisory services and do not include brokerage commissions, custodial fees, transaction fees, exchange fees, ETF fees or other related costs and expenses incurred for the investment of client assets in portfolios offered by Interactive Advisors. Unlike other robo advisor portfolio offerings, which charge a single wrap fee covering management fees and brokerage commissions, Interactive Advisors’ management or advisory fee does not include the commissions associated with the trading Informational Brochure - February 3, 2026 13 / 55  in these portfolios. IB LLC commissions are also discussed in detail in Item 12: Brokerage Practices. You may also find additional information on IB LLC’s commissions on the Interactive Advisors and IB LLC websites (including this location: https://interactiveadvisors.com/low-fees) In May 2021, Interactive Advisors elected to have all of its clients’ brokerage accounts at IB LLC operate under the zero-commission “IBKR-LITE” fee model. IBKR-LITE clients are charged zero commission for US exchange-listed stock and ETF trades. IBKR-LITE orders for NMS stocks are generally routed to select over-the-counter market-makers (“Market Makers”) for handling. IB LLC’s agreements with the Market Makers provide IB LLC with payment for order flow (“PFOF”) from each Market Maker for trades executed with that Market Maker. IB LLC may also route IBKR-LITE orders to another broker, ATS, or exchange (each an “Away Route”), in which case it may collect PFOF for trades executed at or through that Away Route. Although IB LLC’s receipt of PFOF may reduce the amount of price improvement that client accounts obtain on their stock and ETF trades (as compared to the price improvement available under IBKR’s IBKR-PRO fee model), Interactive Advisors believes that the amount that clients save by avoiding commissions (as compared to IBKR-PRO) generally more than compensates for any loss of price improvement. For more information about IBKR-LITE, please refer to Item 12: Brokerage Practices, found later in this Brochure and the IB LLC website (including this location: ibkr.com/compare). count towards the client IBKR-Lite clients are charged no brokerage account activity fees and no market data fees for US exchange-traded stocks and ETFs, but they may incur non-commission related fees such as market data fees for other products, service fees such as wire transfer fees, and fees to cover regulatory fees incurred by IB LLC when clients sell stocks. These fees are not intended to be a direct pass-through of exchange and third-party fees. Costs passed on to IBKR-Lite clients may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For products not entitled to zero-commission trading under IBKR-Lite, the same commission structure will apply to both IBKR-Lite and IBKR-Pro. Where applicable, a “Fixed” commission model will apply to IBKR-Lite clients for such products. For more information, see ibkr.com/commissions. OnClose, OnOpen, and outside regular trading hours ("Outside-RTH"), US listed stock orders are free for IBKR-Lite clients so long as the total monthly volume of shares executed in the Open, Close auction or Outside-RTH does not exceed 10% of an account's monthly US stock trading volume, otherwise the account will be charged USD 0.005 per share. Market orders placed prior to regular trading hours will be threshold. treated as Market OnOpen orders and https://www.interactivebrokers.com/en/pricing/commissions-stocks.php Interactive Advisors’ election of the IBKR-LITE service for its client Accounts constitutes a conflict of interest in light of the corporate affiliation between Interactive Advisors and IB LLC and the fact that the payments IB LLC will receive from Market Makers and Away Routes on client Account orders will benefit the parent company of both entities (IBG LLC) and thus Interactive Advisors indirectly, and the fact that IBKR-LITE executions may (but are not expected to) bring clients higher total cost of execution than IBKR-PRO executions (even after accounting for the commissions savings, as a result of missed opportunity for greater price improvement). This conflict of interest is disclosed to and acknowledged by Interactive Advisors clients at account opening through signing this Agreement and the provision of a separate disclosure. This conflict is mitigated by Interactive Advisors periodically reviewing IB LLC’s execution quality statistics to confirm that IBKR-LITE’s total cost of execution (calculated as commissions and fees paid minus price improvement obtained) is generally equal to or better than IBKR-PRO’s total cost of execution after accounting for the commissions savings from IBKR-LITE. Interactive Advisors believes the benefits clients will receive from the IBKR-LITE commission structure outweigh the conflict of interest. By acknowledging that Interactive Advisors uses the IBKR-LITE service for all its client accounts, you understand that: (1) IB LLC will receive and retain all such payments from Market Makers and Away Routes, in whole or part, for its own account and not that of the client, in consideration for services provided by IB LLC to the client; and (2) you may have received better price improvement if IB LLC sent your orders to the market rather than the Market Makers. In addition to the advisory fees you pay to Interactive Advisors, you will be charged other separate, distinct and additional fees and expenses by third parties, e.g., fees and expenses charged by mutual funds, REITs or ETFs. For instance, ETF issuers charge management fees and expenses, which are disclosed in the ETFs’ prospectuses. ETFs typically include certain embedded expenses that reduce the fund’s net asset value, and indirectly the performance of your investment in a portfolio investing in ETFs. The embedded expenses of an ETF include ETF management fees, custodian fees, brokerage commissions, and legal and accounting fees. These expenses may change from time to time at the sole discretion of the ETF issuer. This means that you will pay more if you invest in portfolios made up of ETFs than if you purchased the ETFs directly. Please note that Interactive Advisors does not benefit either directly or indirectly from these fees and expenses and does not receive any portion of these and clients will be solely responsible, directly or indirectly, for paying these additional fees and expenses. Clients may contact Interactive Advisors at any time to get information on the fees and expenses separately charged by the ETFs in which they are invested through their investment in one or more of the Interactive Advisors Portfolios or Manager Portfolios. Clients are directed to review Item 12: Brokerage Practices, Informational Brochure - February 3, 2026 14 / 55  found later in this brochure. In addition to the above fees, there may be other costs assessed to clients that are not included in Interactive Advisors’ Management Fees, such as costs associated with exchanging currencies, wire transfer fees or other fees required by law. No persons at Interactive Advisors or any supervised persons or representatives of Interactive Advisors accept compensation or commissions for the sale of securities or other investment products (e.g., asset-based sales charges or service fees from the sale of mutual funds). Performance-Based Fees Interactive Advisors does not charge Performance-Based Fees to clients investing in its portfolios through its website. Fund Client Fees and Expenses Management Fees The fees applicable to each Fund Client, and the methodology for calculating such fees, are detailed in each Fund Client’s offering documents, including the Private Placement Memorandum. Fee structures for certain Fund Clients can vary among different classes of interests within a Fund Client. Interactive Advisors receives a management fee of 0.25% per annum from the Multi-Manager Master Fund. Each Third-Party Sub-Advisor receives a management fee of 0.75% per annum from the Multi-Manager Master Fund for its services in managing a Sub-Account in the Master Fund. Fund Expenses and Other Costs In addition to those fees and charges described above, Fund Clients will bear additional fees and expenses. The expenses borne by a specific Fund Client are detailed in such Fund Client’s offering documents. The following is a non-exhaustive list of expenses borne by Fund Clients (which may vary from Fund Client to Fund Client). Additional detail regarding the specific expenses within each category is disclosed in each Fund Client’s offering documents: (i) expenses related to the research, due diligence and monitoring of actual and prospective Fund Client investments (whether or not consummated) and the consummation of Fund Client investments; (ii) the Third-Party Sub-Advisors’ performance fees; (iii) organizational and reorganizational expenses; and (iv) operational expenses. Generally, all expenses borne by the Fund Clients, other than the management fees and any expenses that the general partner of the Fund Clients determines should be allocated to a particular Partner or Partners (e.g., Investor-Related Taxes), will be debited to all of the Capital Accounts on a pro rata basis in accordance with their Partnership Percentages. To the extent that expenses to be borne by a Fund Client are paid by the general partner of the Fund Clients or Interactive Advisors, such Fund Client will reimburse such party for such expenses. The Fund Clients do not have a pre-determined limit on their ordinary or extraordinary operating expenses. Each Fund Client’s actual annual operating expenses will be disclosed in each Fund Client’s year-end audited financial statements, which are provided to each Fund Client investor. Performance-Based Fees The performance allocation and/or performance fee (collectively, “performance compensation”) applicable to each Fund Client is detailed in each Fund Client’s offering documents, including the PPM. Performance compensation arrangements for certain Fund Clients can vary among different classes of interests within a Fund. For the Multi-Manager Funds, each Third-Party Sub-Advisor who manages the Fund Client’s assets through a Sub-Account of the Fund Client is eligible for a performance fee of 10% of the annual appreciation, if any, of the value of net assets managed by such Third-Party Sub-Advisor above a cumulative “high water mark” calculated at the level of the Sub-Account (the “Third- Party Sub-Advisor Performance Fee”). Item 6: Performance-Based Fees and Side-by-Side Management of Client Accounts Interactive Advisors does not receive Performance-Based Fees from clients investing in its portfolios through its website or from the Fund Clients. The Multi-Manager Master Fund pays Performance-Based Fees to Third-Party Sub-Advisors who manage Sub-Accounts in the fund. These Performance-Based Fees are described in greater detail above and in each Multi- Manager Fund’s offering documents. Informational Brochure - February 3, 2026 15 / 55  Item 7: Types of Clients Interactive Advisors’ clients who invest in its portfolios through its website include individuals, trusts, corporations, and other legal entities. Utilizing fractional trading, the majority of portfolios on our platform have an investment minimum of just $100. Interactive Advisors has established the following account minimums: ● Manager Portfolios - For most Manager Portfolios the investment minimums range between $500 and $50,000, with the majority of these portfolios having minimum required investments of $10,000 and below; and ● Interactive Advisors Portfolios (e.g., Smart Beta, Asset Allocation, Socially Responsible Investing Portfolios, Index Tracking, WisdomTree ETF Portfolios, and SSGA ETF Portfolios) - $100 minimum investment. Clients may become Interactive Advisors clients and invest in one or more portfolios on the platform in one of two ways: ● By applying to open an Interactive Advisors account on the Interactive Advisors website; or ● By authorizing their investment advisor to open an Interactive Advisors account on their behalf on the Interactive Advisors website. Under the first method, clients sign Interactive Advisors’ Investment Management Agreement and acknowledge all required documents and disclosures online directly. Under the second method, clients’ investment advisors may hire Interactive Advisors as a sub-advisor. The client’s investment advisor has responsibility to communicate with the client and to determine the suitability of investments in Interactive Advisors portfolios based on the client’s financial circumstances, risk tolerance, liquidity needs, net worth, investment experience, and any other factors that may be relevant and appropriate for such a determination. Clients’ investment advisors gather all information needed to open an Interactive Advisors account on behalf of their clients and invest clients’ assets in such portfolios as the advisor and the client deem appropriate. These investment advisors are responsible for providing clients with a current copy of Interactive Advisors’ disclosure statement prepared in accordance with Form ADV Part 2 (i.e., this Informational Brochure), and any other Interactive Advisors disclosures. Before Interactive Advisors allows an investment advisor to invest one of its clients in an Interactive Advisors portfolio, Interactive Advisors will conduct its own due diligence of the advisor and also obtain from advised clients a signed agreement allowing their advisor to invest their account in Interactive Advisors portfolios (“Client Authorization”). Interactive Advisors Fund Clients are privately offered pooled investment vehicles, as described in Item 4 above. Fund Clients only accept as investors individuals or entities qualifying as Qualified Purchasers or Accredited Investors under the relevant regulations pursuant to questionnaires administered by IB LLC before such individuals and entities are allowed to access IB LLC’s Hedge Fund Marketplace, the sole platform on which investors can invest in the Fund Clients. Item 8: Methods of Analysis, Investment Strategies and Risk of Loss Interactive Advisors employs a variety of methods and strategies to make investment decisions and recommendations to clients. Manager Portfolios For Manager Portfolios, Interactive Advisors typically relies on the investment decisions of Portfolio Managers in its management of client accounts. Interactive Advisors attempts to track the Portfolio Manager’s trades as accurately as possible, but it does maintain discretion to modify the Portfolio Manager’s trades or rebalance investing client accounts in order to provide the best services to clients. Interactive Advisors selects the Manager Portfolios that it will offer on the platform using a variety of criteria. As part of its processes to ensure the quality of the Portfolio Managers on the Platform and to minimize the risk of Manager front-running, Interactive Advisors screens the Managers and may require that they meet certain minimum criteria (e.g., AUM, size of personal funds invested in the strategy). Interactive Advisors may also require that Portfolio Managers and their lead traders certify to Interactive Advisors that they will not trade ahead of Interactive Advisors clients in their proprietary or personal accounts or systematically trade ahead of Interactive Advisors clients in any non-Interactive Advisors client accounts using the same strategy. Before Portfolio Managers launch their strategy on the platform, Interactive Advisors monitors the performance of the strategy in the Manager’s IB LLC account in a live test environment. In this live test environment, the Informational Brochure - February 3, 2026 16 / 55  Managers make trades in their account and Interactive Advisors tracks the performance of their account. Interactive Advisors displays the performance of the Manager’s account on its public website, if and when the Manager’s strategy is ultimately approved to be listed on the platform. Interactive Advisors clients are not allowed to invest in the Manager’s strategy during this live test period. Managers complete a questionnaire in which they specify their parameters for portfolio construction, risk control and strategy guidelines. This questionnaire assists Interactive Advisors in gathering information about each Manager, including his or her investment philosophy, process, and strategy differentiators. Managers may then provide Interactive Advisors with historical trade data for their strategy for periods before the Manager joined the platform. Interactive Advisors analyzes this information to ensure consistency with the Manager’s responses to the questionnaire and other strategy-related materials. If the Portfolio demonstrates performance and risk characteristics consistent with the strategy and Interactive Advisors’ Investment Management team believes that the Manager has the skills and experience to consistently deliver the strategy described, Interactive Advisors will open the Portfolio up for client investments. Interactive Advisors does not impose specific performance requirements and views the consistency with which Portfolio Managers implement their strategy and ability to generate alpha as more important in selecting Portfolio Managers for its platform. Portfolio Managers generally use the following types of investments in managing Portfolios on the Interactive Advisors platform: ● Equity Securities, including exchange-listed securities, certain over-the-counter securities, and American Depositary Receipts (“ADRs”); and ● Exchange-traded funds (“ETFs”). Interactive Advisors Portfolios For the Interactive Advisors Portfolios (e.g., Smart Beta, Asset Allocation, Socially Responsible Investing, Index Tracking, WisdomTree, and SSGA ETF Portfolios), Interactive Advisors utilizes a proprietary computer algorithm or model developed in-house or licensed from a third-party data provider in order to select the stocks or ETFs included in the portfolios initially and during periodic rebalancings (e.g., annually, quarterly, monthly, or more frequent). Interactive Advisors Portfolios generally trade in equity securities traded on U.S. exchanges and ETFs and the main sources of information for the transactions in these portfolios include data about US stocks and/or ETFs provided by third-party data vendors. Prior to investing in any of the Interactive Advisors Portfolios discussed below, clients are prompted and required to review and acknowledge a separate portfolio-line-specific risk disclosure specifically laying out the risks and conflicts of interest, the applicable fees and commissions, and the brokerage arrangements associated with investments in each portfolio line. This disclosure document titled “Client Disclosures for Investments in Specific Interactive Advisors Portfolio Lines” is available on the Forms and Agreements webpage: https://interactiveadvisors.com/forms-and- agreements Smart Beta Portfolios Interactive Advisors has undertaken research and back-testing to select the fundamental factors, rules, and/or weighting used to construct the ten Smart Beta Portfolios. These portfolios combine elements of automated (robo) investing with management oversight, and are auto-rebalanced quarterly to maintain their optimal strategic composition. Below are short descriptions of the ten Smart Beta Portfolios offered at this time. The Value Portfolio targets an allocation of 300 long positions, with stocks having attractive valuation ratios receiving higher allocations, and both trailing and forward price-earnings valuation ratios being considered when determining allocations. This contrarian approach to stock selection allows the Value Portfolio to allocate capital to companies that may be out of favor with the market, but poised for recovery. The Value Portfolio has a significant element of broad equity market risk, and is therefore exposed to stock market volatility and drawdowns. Due to this portfolio’s focus on value stocks, it will likely suffer greater losses if this segment of the market underperforms. The Growth Portfolio targets an allocation of 300 long positions, with stocks having attractive growth ratios receiving higher allocations, and both trailing and forward earnings growth measures being considered when determining allocations. Even if a company reports better than expected past results, the guidance given during the quarter is also important and considered by Interactive Advisors in determining the attractiveness of the stock. The Growth Portfolio has a significant element of broad equity market risk and is therefore exposed to stock market volatility and drawdowns. Due to this portfolio’s focus on growth stocks, it will likely suffer greater losses if this segment of the market underperforms. The Quality Portfolio targets an allocation of 300 long positions, with stocks having attractive quality ratios receiving higher allocations, and return on assets and other earnings quality measures being considered when determining allocations. This Informational Brochure - February 3, 2026 17 / 55  portfolio seeks securities with strong fundamentals that are not excessively overvalued. The Quality Portfolio has a significant element of broad equity market risk, and is therefore exposed to stock market volatility and drawdowns. Due to this portfolio’s focus on quality stocks, it will likely suffer greater losses if this segment of the market underperforms. The Dividend Portfolio targets an allocation of 300 long positions, with stocks having attractive dividend yields and stable payouts receiving higher allocations. This ensures that future dividend payouts are less likely to be at risk. One advantage of this portfolio is that it offers investors a stream of dividend income while also providing the potential for longer-term attractive returns. The Broad Market Portfolio targets an allocation of 1,000 long positions, with allocations being a blend of equal and capitalization weight. Because of the equal weight component, the portfolio has a larger proportion of smaller companies compared to a portfolio that is purely capitalization-weighted. During rebalancing of this portfolio, Interactive Advisors tends to buy securities that have shown a relative decline in value, and sell securities that have shown a relative increase in value. The portfolio is therefore less prone to having a concentration in bubble stocks that have experienced dramatic price appreciation. The Broad Market Portfolio has a significant element of broad equity market risk, and is therefore exposed to stock market volatility and drawdowns. Due to this portfolio’s use of half equal weighting, it will likely underperform if small-, mid-cap or value stocks underperform. Interactive Advisors also offers small-capitalization company versions of the above five portfolios. In May 2019, Interactive Advisors launched the ESG Broad Market Portfolio. Also, in July 2019, Interactive Advisors launched the following ESG versions of the above four portfolios: ESG Growth Portfolio , ESG Value Portfolio , ESG Quality Portfolio , and ESG Dividend Portfolio. These portfolios use an ESG (Environment, Social and Governance) investment strategy, which limits the types and number of investment opportunities available to this portfolio and could underperform portfolios without an ESG focus, be they the Smart Beta Broad Market Portfolio, other Smart Beta portfolios, or other portfolios on the Interactive Advisors platform or elsewhere. The ESG investment strategy of these portfolios could result in the portfolios investing in securities, industries or sectors that underperform the market as a whole, foregoing opportunities to invest in securities, industries or sectors that might otherwise be advantageous to invest in, and underperforming other portfolios or investments screened for different ESG standards. Interactive Advisors could also be unsuccessful in creating a portfolio composed of companies that exhibit positive or favorable ESG characteristics. The performance of these portfolios is compared against a broad market investable ETF benchmark without an ESG focus, which limits the comparability of the portfolio returns to the benchmark’s performance. Additional information on the Smart Beta Portfolio construction process, actual trading results of the Firm-owned account managing the portfolio, and other information on the general features of these portfolios may be found in this white paper: https://interactiveadvisors.com/learn-more/smart-beta (also accessible from the Learn more tab on our webpage), on the individual portfolio pages (accessible from the webpage:https://interactiveadvisors.com/portfolios) and the “Disclosures for Investments in Specific Portfolio Lines” at this location: https://interactiveadvisors.com/forms-and-agreements Asset Allocation Portfolio Interactive Advisors has undertaken research to ensure that the diversified mix of asset classes for Asset Allocation Portfolio is appropriate for the targeted investor profile and level of risk. Interactive Advisors Investment Management Team has looked for diversification not only across asset classes (e.g., equities versus bonds), but also within a single asset class (e.g., corporate bonds versus treasuries). Portfolio optimization techniques, weight and risk constraints were then considered to derive target allocations. Interactive Advisors has screened and selected specific ETFs to best represent the target asset class, while also having relatively low management fees and more liquidity. For taxable accounts, Interactive Advisors has selected tax- advantaged assets like municipal bonds. Each quarter, these portfolios are rebalanced to target allocations. The selection and weighting of the specific ETFs in each portfolio depends on their expected return characteristics, the degree of diversification that they provide within the portfolio, the management fees charged by each ETF, and their relative liquidity. Every quarter Interactive Advisors rebalances these portfolios to target weights. Interactive Advisors tries to combine different asset classes in each portfolio to provide income, growth, and stability during different economic conditions while taking into account the various asset classes’ historical performance. The portfolio allocates capital to an equity component, a bond component, and an inflation-hedging component. Together these deliver good diversification, which leads to risk reduction and return stability. The capital allocation to each of these asset classes is dialed up or down depending on the targeted risk level. The portfolio’s final allocations depend on the targeted level of risk, as well as on whether the capital is held in a tax-advantaged account like an IRA. the general features of the Asset Allocation portfolio may be found in Information on this white paper https://interactiveadvisors.com/white-papers/asset-allocation (also accessible from the Resources tab on the webpage: Informational Brochure - February 3, 2026 18 / 55  https://interactiveadvisors.com) and the “Disclosures for Investments in Specific Portfolio Lines” at this location: https://interactiveadvisors.com/forms-and-agreements Socially Responsible Investing Portfolios Interactive Advisors offers thirteen (eighteen if one includes the ESG variants of the Smart Beta portfolios) Socially Responsible Investing Portfolios. Interactive Advisors has undertaken research and back-testing to select the fundamental factors, rules, and/or weighting used to construct the Socially Responsible Investing Portfolios. These portfolios combine elements of automated (robo) investing with management oversight and are auto-rebalanced annually to maintain their optimal strategic composition. These portfolios are constructed using a rules-based algorithm to determine position allocations. Allocations are a blend of capitalization weights and equal weights. Due to the various filters employed, several of which do not relate to financial criteria, the name count may be lower, and sector concentration higher, than other broadly diversified portfolios. In order to reduce portfolio weight concentration in just a few names, we use allocations that are a blend of equal and capitalization weight. Every year these portfolios are rebalanced to target weights. Below are short descriptions of the main Socially Responsible Investing Portfolios offered at this time. The Clean Air Portfolio is designed to invest in environmentally-conscious companies that are committed to reducing emissions, manage the sustainability of their energy consumption, and aim to have a low-carbon footprint. The Company Transparency Portfolio is designed to invest in companies that make an effort to protect their customers. We include in this portfolio companies that care about customer welfare and data security, and follow best practices regarding product safety, quality and product labeling. The Customer Safety Portfolio is designed to invest in companies that care about customer privacy and safety, product access and affordability, product quality and safety, and follow good selling practices. Failure on the part of a company to address these factors may lead to misuse of personal data, product recalls from harmful practices, deceptive labeling, and predatory selling, to name just a few. The Ethical Leadership Portfolio is designed to invest in companies that follow best-practice corporate governance, competitive behavior, and risk management principles, and provide equal treatment of stakeholders. We include in this portfolio companies that demonstrate management’s ability to interact with regulators, resolve conflict between corporate and societal interests, act responsibly in times of crises, and avoid anti-competitive behavior, such as collusion, fraud, and corruption. The Fair Labor & Thriving Communities Portfolio is designed to invest in companies that care about the societies where they operate as well as maintain diverse and equal opportunities, and development opportunities for their workforce. We include in this portfolio companies that care about upholding fair labor standards, maintain a safe and healthy workplace, have processes and policies in place against abusive labor practices, and are committed to being good citizens, protecting public health, and respecting business ethics. The Gender Equality Portfolio is designed to invest in companies that maintain diverse and equal opportunities, and development opportunities for their workforce. We include in this portfolio companies trying to achieve gender parity by encouraging equal pay, active recruiting, promotion of women, and embracing a culture of tailored benefit packages and mentorship programs. The LGBTQ Inclusion Portfolio is designed to invest in companies that maintain diverse and equal opportunities, and development opportunities for their LGBTQ workforce. We include in this portfolio companies that focus on culture and hiring and promotion practices that embrace the building of a diverse and inclusive workforce with a focus on the LGBTQ community. The Land Health Portfolio is designed to invest in companies that pay attention to harmful land waste as a byproduct of their activities and take into consideration the safe treatment, storage, and disposal of solid waste while observing local and universal regulations. In constructing this portfolio, we also consider how companies handle the impact from the extraction of natural resources, such as deforestation, biodiversity damage, and habitat loss. The Mindful Business Models Portfolio is designed to invest in companies that display business model resilience and incorporate ESG elements into long-term planning. We include in this portfolio companies that are working towards the transition to low-carbon and climate-friendly economies and where management has shown a willingness to proactively address legal and regulatory ESG issues. The Ocean Life Portfolio is designed to invest in companies that manage their water use and place value on ocean and marine life. We include in this portfolio companies that have waste management and recycling initiatives and controls and systems in place to avoid significant disasters that can impact ocean life. Informational Brochure - February 3, 2026 19 / 55  The Pure Water Portfolio is designed to invest in companies that manage their water use and avoid contamination and toxic waste. We include in this portfolio companies that care about the management of wastewater treatment and discharge, their impact on ecosystems and the health and safety of the local community, including community members’ access to clean water. The Racial Equality Portfolio is designed to invest in companies that maintain diverse and equal opportunities, and development opportunities for their workforce. We include in this portfolio companies that practice equal hiring and provide employment opportunities to persons of all races, regardless of skin color, backgrounds, and ethnicities in an environment that is free of discrimination. The Sustainable Product Lifecycle Portfolio is designed to invest in companies that consider the design, quality, and safety of products and services, focusing on the entire supply chain and the materials used in manufacturing products. This portfolio also attempts to capture the value companies and suppliers place on labor practices and human rights. These portfolios use an ESG investment strategy. Such a strategy could limit the types and number of investment opportunities available to these portfolios, lead the portfolios to underperform a portfolio without an ESG focus or with a distinct ESG focus, and result in the portfolios investing in securities or industry sectors that underperform the market as a whole or foregoing opportunities to invest in securities that might otherwise be advantageous to invest in. Interactive Advisors could also be unsuccessful in creating a portfolio composed of companies that exhibit positive ESG characteristics. Additional information on the Socially Responsible Investing Portfolio construction process, actual trading results of the Firm- owned account managing the portfolio, and other information on the general features of these portfolios may be found in this white paper (https://interactiveadvisors.com/esg), on the individual portfolio pages (accessible from the webpage: https://interactiveadvisors.com/portfolios) and the “Disclosures for Investments in Specific Portfolio Lines” at this location: https://interactiveadvisors.com/forms-and-agreements ESG Exclusionary Lists In January 2020, the Firm started offering clients the option to select from several predefined exclusionary lists in investing in portfolios on the platform. Clients may select one of the following exclusionary lists in order to avoid investing in companies they do not think share their values. Each of the following exclusionary groups is based on detailed business classification and ESG metrics, typically contains 25 stocks, and is reviewed quarterly: ● Animal testing - excluding companies selling personal and household products and services that test cosmetic products on animals; ● Business ethics controversies - excluding companies with the most controversies relating to ethics, politics or corruption, as published in the media; ● Corporate political spending and lobbying - excluding companies with the highest amount of political donations and those that spend the most on lobbying, relative to size; ● Energy intensive - excluding companies with the highest total energy usage; ● Fossil fuels - excluding companies that operate in the coal industry and/or are the largest producers of oil; ● Greenhouse emissions - excluding companies with the highest reported direct and indirect CO2 emissions; ● Hazardous waste - excluding companies responsible for creating the highest hazardous waste; ● High water usage - excluding companies with the highest levels of water withdrawals; ● Tobacco, alcohol and gambling - excluding companies deriving revenue from sales of tobacco, alcohol and gambling activities; and ● Weapons and gun manufacturers - excluding companies deriving revenue from sales of military equipment and weapons. Clients deciding to exclude securities in any of these lists from their portfolio investments should understand that these exclusions affect the performance of their portfolio investments as many of our portfolios have an overlap with the stocks of companies engaging in practices targeted by the above exclusion lists. As clients decide to actively remove specific securities from default portfolios on the platform by selecting one or more of the above exclusion lists to be applied to their portfolio investments, they should expect the performance of these modified portfolios to materially deviate from the default version of the portfolios. Clients may find more information on these exclusionary lists on this webpage: https://interactiveadvisors.com/esg Informational Brochure - February 3, 2026 20 / 55  Index-Tracking Portfolios Interactive Advisors offers 14 Index Tracking Portfolios. Each Index Tracking portfolio is designed to follow certain predefined rules so that the portfolio can track the performance of a specified basket of underlying investments, a form of passive investing. Interactive Advisors constructs and manages the Index Tracking Portfolios based on data provided by FTSE and Russell under licensing agreements. The goal of these portfolios is to allow investors to track the performance of certain specified portions of the US Stock market as represented by the reference indices. While based on data provided by the above two index providers who calculate the indices these portfolios seek to track, the Index Tracking Portfolios are not in any way sponsored, endorsed, sold, promoted or recommended by these two index providers. Additionally, while these portfolios aim to track each corresponding reference index as closely as possible and mimic the performance of that index, Interactive Advisors cannot make any guarantee that these portfolios will succeed in doing so. At this time, Interactive Advisors offers the following Index Tracking Portfolios: 1. The Russell 1000 Real Estate Managed Portfolio seeks to invest in the real estate space across the US economy with exposure to all investment and property sectors. The portfolio contains all tax-qualified REITs with more than 50 percent of total assets in qualifying real estate assets other than mortgages secured by real property that also meet certain minimum size and liquidity criteria. 2. The Russell 1000 Consumer Discretionary Managed Portfolio invests in stocks of companies that provide goods and services that consumers purchase on a discretionary basis. The portfolio targets long US Consumer discretionary equities within the Russell 1000® Index. 3. The Russell 1000 Consumer Staples Managed Portfolio invests in stocks of companies providing direct-to- consumer products that, based on consumer spending habits, are considered non discretionary. The portfolio targets long US Consumer Staple equities within the Russell 1000® Index. 4. The Russell 1000 Dividend Growth Managed Portfolio seeks to invest in the top large-capitalization US dividend equities within the Russell 1000® Index. The portfolio targets companies that have successfully increased their dividend payments over a period of ten years within the Russell 1000® Index. Companies are screened for liquidity and dividend status, then selected and equal weighted subject to a maximum individual sector weight of 30%. 5. The Russell 1000 Energy Managed Portfolio invests in stocks of companies involved in the exploration and production of energy products such as oil, natural gas, and coal. The portfolio targets long US Energy equities within the Russell 1000® Index. 6. The Russell 1000 Financial Services Managed Portfolio invests in stocks of companies that provide financial services. The portfolio targets long US Financial Services equities within the Russell 1000® Index. 7. The Russell 1000 Health Care Managed Portfolio includes stocks of companies involved in providing medical or healthcare products, services, technology, or equipment. The portfolio targets long US Healthcare equities within the Russell 1000® Index. 8. The Russell 1000 Basic Materials Managed Portfolio includes stocks of companies that extract or process raw materials. The portfolio targets long US Materials and Processing equities within the Russell 1000® Index. 9. The Russell 1000 Industrials Managed Portfolio includes stocks of companies that manufacture products and provide services that consumers purchase on a discretionary basis. The portfolio targets long US Producer Durables equities within the Russell 1000® Index. 10. The Russell 1000 Technology Managed Portfolio includes stocks of companies that serve the electronics and computer industries or that manufacture products based on the latest applied science. The portfolio targets long US Technology equities within the Russell 1000® Index. 11. The Russell 1000 Utilities Managed Portfolio includes stocks of companies that distribute electricity, water, or gas, or that operate as independent power producers. The portfolio targets long US Utility equities within the Russell 1000® Index. 12. The Russell 3000 Dividend Growth Managed Portfolio seeks to invest in the top U.S. dividend equities within the Russell 3000® Index. The portfolio targets companies that have successfully increased their dividend payments over a period of ten years within the Russell 3000® Index. Companies are screened for liquidity and dividend status, then selected and equal weighted subject to a maximum individual sector weight of 30%. Informational Brochure - February 3, 2026 21 / 55  13. The Russell Top 200 Managed Portfolio seeks to invest in the top 200 large-capitalization US equities. The portfolio targets 200 long positions based on the Russell Top 200 Index. The Russell Top 200® Index is a market capitalization weighted index of the largest 200 companies in the Russell 3000 Index. 14. The Russell 1000 Telecommunications Managed Portfolio consists of companies that are associated with the global transmission of audio and video data. Information on the general features of the Index Tracking portfolios may be found on the individual portfolio pages, accessible through the webpage (https://interactiveadvisors.com/portfolios) (or through the Portfolios tab on the home page) and the “Disclosures for Investments in Specific Portfolio Lines” at this location: https://interactiveadvisors.com/forms-and- agreements. WisdomTree ETF Portfolios risks, charges and can be found in the prospectus for each ETF reviewed on the individual portfolio pages on our website Interactive Advisors offers four WisdomTree ETF Portfolios. These portfolios are proprietary investment portfolios constructed and managed by Interactive Advisors based on data provided by WisdomTree pursuant to a model portfolio licensing agreement. These portfolios are based on WisdomTree’s Model Portfolios, implementing an index-centric approach seeking to add value through both asset allocation and ETF selection relative to composite cap-weighted benchmarks. While strategic in nature, these model portfolios also reflect tactical tilts based on market conditions. These portfolios are almost entirely composed of ETFs owned and managed by WisdomTree and its affiliates (“WisdomTree ETFs”). WisdomTree primarily uses WisdomTree ETFs in these portfolios unless there is no WisdomTree ETF consistent with the desired asset allocation or model portfolio strategy. There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because WisdomTree and its affiliates earn fees for advisory, administrative and other services from most of the ETFs selected for these portfolios (and thus benefit from investments made in these portfolios), WisdomTree has an incentive to favor its own ETFs and to include higher cost ETFs in these portfolios. Additional information on the ETFs included in each of these portfolios, including their investment here objectives, expenses, https://www.wisdomtree.com/investments/resource-library/prospectus-regulatory-reports (and https://www.ishares.com/us/library/financial-legal-tax) or can be obtained by calling 1-866-825-3005. You may contact us to obtain a listing of all the ETFs included in these portfolios. Additional information on the WisdomTree ETF Portfolios may be at: https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-aggressive; https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-endowment-moderately-aggressive; https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-conservative; https://interactiveadvisors.com/wisdomtree?portfolio=wisdomtree-moderate and the “Disclosures for Investments in Specific Portfolio Lines” at this location: https://interactiveadvisors.com/forms-and-agreements SSGA ETF Portfolios Interactive Advisors offers two SSGA ETF Portfolios. These portfolios are proprietary investment portfolios constructed and managed by Interactive Advisors based on data provided by SSGA pursuant to a model portfolio licensing agreement. These portfolios are based on SSGA’s Global Tactical Asset Allocation ETF Model Portfolios, implementing a tactical asset allocation decision-making process, which includes evaluation of global asset classes. These portfolios are almost entirely composed of ETFs owned and managed by SSGA and its affiliates (“SSGA ETFs”). There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because SSGA and its affiliates earn fees for advisory, administrative and other services from most of the ETFs selected for these portfolios (and thus benefit from investments made in these portfolios), SSGA has an incentive to favor its own ETFs and to include higher cost ETFs in these portfolios. and and in the “Disclosures for Investments in Specific Portfolio Lines” at this Additional information on the ETFs included in each of these portfolios, including their investment objectives, risks, charges and expenses, can be found in the prospectus for each ETF here: https://www.ssga.com/us/en/institutional/etfs/fund- finder?tab=documents.. You may contact us to obtain a listing of all the ETFs included in these portfolios. Additional information about each of the SSGA ETF Portfolios may be reviewed on the individual portfolio pages on our website at: https://interactiveadvisors.com/ssga?portfolio=ssga- https://interactiveadvisors.com/ssga?portfolio=ssga-growth moderate location: https://interactiveadvisors.com/forms-and-agreements. Multi-Manager Funds The Multi-Manager Funds’ investment objective is to generate attractive absolute returns on invested capital over a multi-year period. Interactive Advisors, as Investment Manager, seeks to achieve that objective by initially allocating and periodically Informational Brochure - February 3, 2026 22 / 55  reallocating the Multi-Manager Funds’ capital among multiple sub-accounts (“Sub-Accounts”) managed by third-party sub- advisors (“Third-Party Sub-Advisors”). Interactive Advisors allocates the Master Fund’s capital among Sub-Accounts and assigns each Sub-Account to a different Third-Party Sub-Advisor using a proprietary automated selection and allocation process that it has developed and back-tested. Third-Party Sub-Advisors are private fund managers that meet the eligibility criteria described below and for whose Flagship Fund (i.e., fund that formed the basis of Interactive Advisors’ initial selection of such Third-Party Sub-Advisor) IB LLC acts as the prime broker. The Master Fund will invest only in the liquid products that are available on IB LLC’s electronic trading platform. To be eligible to participate as a Third-Party Sub-Advisor, an investment advisor must meet the following criteria: (1) prime brokerage client in good standing of IB LLC for at least three years; (2) management of a private fund that submits trade orders exclusively through and custodies assets at IB LLC; (3) fund assets invested in assets having daily liquidity; and (4) execution of a sub-advisory agreement. Interactive Advisors will evaluate each prospective sub-advisor’s qualifications and determine, in its discretion, whether to accept it as a Third-Party Sub-Advisor. Interactive Advisors will apply its proprietary algorithm to rank the Third-Party Sub-Advisors and intends to allocate the Master Fund’s assets to approximately 15 to 30 Third-Party Sub-Advisors. Interactive Advisors will consider a variety of factors in selecting Third-Party Sub-Advisors, including, but not limited to, portfolio net asset value; number of portfolio holdings; performance indicators; portfolio Sortino ratios; portfolio composition; return correlation with market indices and the length of such prospective Third-Party Sub-Advisor’s relationship with IB LLC. Interactive Advisors may increase or reduce this number in its discretion and expects the number to fluctuate over time. Interactive Advisors will allocate not more than approximately 15%, which may increase due to market movements, and not less than 1% of the Master Fund’s assets to each selected Third-Party Sub-Advisor. Each selected Third-Party Sub-Advisor will be required to manage its Sub-Account in parallel with such Third-Party Sub- Advisor’s Flagship Fund, and will be required to trade its Flagship Fund and its Sub-Account together utilizing IB LLC’s institutional trading platform and functionality that will help to allocate executed orders between the Flagship Fund and the Sub-Account pro rata based on the total net asset value of the Flagship Fund and the Sub-Account. Interactive Advisors will establish processes and procedures to monitor Third-Party Sub-Advisors’ parallel management of their Flagship Funds and Sub-Accounts and will address material discrepancies. The Third-Party Sub-Advisors may, with regard to their respective Sub-Accounts, engage in a wide range of investment strategies utilizing the liquid products available on IB LLC’s electronic trading platform. Interactive Advisors typically rebalances the Master Fund on the first day of each fiscal year ("Rebalance Date"), but may choose to rebalance at any time at its discretion. To effectuate a rebalancing, Interactive Advisors will utilize its proprietary algorithm and repeat the ranking and allocation process that it utilized for the initial selection of Third-Party Sub-Advisors and allocation of Master Fund assets. In effecting a rebalancing, the Interactive Advisors may reallocate assets among Sub- Accounts and add or eliminate Sub-Accounts or Third Party Sub-Advisors. Interactive Advisors will allocate any additional capital received from new or existing investors in the Fund Clients, and make withdrawals of any capital or assets from Sub-Accounts, generally on the first business day of each month. In most instances Interactive Advisors will handle trading conducted for the purpose of eliminating a Sub-Account or reducing the allocation of capital to a Sub-Account. Third-Party Sub-Advisors will be notified prior to the allocation of capital to their Sub-Accounts and will handle trading conducted for the purpose of investing new capital in their Sub-Accounts. General Risks Associated with Investments in Any Portfolios Offered by Interactive Advisors All investment activities, including investments with Interactive Advisors, include a risk of loss that clients should be prepared to bear. Interactive Advisors cannot guarantee any level of performance or that any client will avoid a loss of account assets. Investment risks fall into the following categories. This listing of investment risks may not be all-inclusive, but should be considered carefully by each client before deciding whether to invest with Interactive Advisors. Market Risk: Security prices may decrease in response to direct and indirect events and market conditions, usually caused by factors independent of the specific attributes of the investment security. Inflation Risk: Rising inflation reduces the purchasing power of the underlying currency, which is the dollar for U.S. based investments. Liquidity Risk: Liquidity is the ability to convert an investment into cash. Investment assets are usually more liquid when established markets exist to trade those securities. For instance, U.S. Treasury bills and most equity securities have highly developed markets, while tangible property, such as real estate and precious stones, are less liquid. All portfolios make use of fractional shares of stock. As stocks cannot be traded in fractions on public exchanges and fractional shares are typically unrecognized and illiquid outside of the Interactive Advisors platform, if clients want to liquidate their investments in a Informational Brochure - February 3, 2026 23 / 55  portfolio, they will need to fully redeem their investment in which case IB LLC will sell any fractional shares to a liquidity provider and any whole shares to the market. If clients want to transfer their holdings to another brokerage firm, they will first need to sell their fractional shares to the liquidity provider through IB LLC and will incur commissions on all of these trades. Additionally, high volatility and/or the lack of liquid markets for any security may prevent clients from selling their security at all or at a favorable time or price because IB LLC has difficulty finding a buyer and may be forced to sell at a significant discount to market value. Also, while Interactive Advisors values the securities held in client accounts based on data provided by IB LLC (and obtained by IB LLC from third-party independent providers), that data may be stale or otherwise affected by events impacting the security at issue. Interactive Advisors attempts to minimize some of this liquidity risk by blocking any trades in both Manager and Interactive Advisors Portfolios in securities with a market capitalization of less than $50 million or an average daily volume of less than $100,000. Reinvestment Risk: This is the risk that future gains may be reinvested at less favorable (lower) rates of return than currently available. Interest-Rate Risk: Changes in interest rates may result in fluctuations in the prices of other investment vehicles. For example, when interest rates rise, fixed income securities prices fall. Currency Risk: Investments in non-U.S. based assets are subject to additional changes in valuation due to changes in currency exchange rates. Business Risk: This covers risks associated with specific industries or companies within an industry. Financial Risk: Excessive use of credit (borrowing) to finance a business’ operations increases the risk of profitability, because the company must cover its debt obligations in good and bad years. Counterparty Risk: The risk to each party of a contract that the counterparty will not live up to its contractual obligations. Cyber-Security Risk: Given Interactive Advisors’ reliance on the Internet to provide investment advice and conduct its business, it is susceptible to operational, information security and other similar risks. Deliberate cyber attacks or cyber incidents could lead a third-party to gaining unauthorized access to Interactive Advisors computer systems, misappropriating Manager and client assets or sensitive information, corrupting data or causing operational disruptions. Leverage Risk: Portfolio Managers cannot use borrowed funds or leverage to fund investments in their portfolios, i.e., trade on margin. The Firm mitigates the risks and conflicts of using leverage or margin accounts in investing in its portfolios by only allowing clients to invest with it through a no-borrowing-ability margin account, which is not allowed to borrow for investment/leverage purposes but has the ability to use proceeds from stock and ETF sales immediately for new purchases instead of waiting for the usual 2-day settlement period. A conflict of interest still arises as this account type’s use of margin based on our management will result both in interest charges by IB LLC and a higher Fee payable to us based on the increased gross market value of your Account. But we mitigate this conflict of interest by IB LLC generally not extending to our clients any more margin that is deemed necessary to address free riding issues. The conflict cannot be completely eliminated because these accounts could owe small amounts of margin interest to our affiliated broker-dealer IB LLC during the 2-day settlement window. Reliance on Information Provided by Clients and the Scope of the Risk Assessment Questionnaire: The investment advice Interactive Advisors provides to clients is highly dependent on the accuracy of the information provided to Interactive Advisors by its clients. If a client provides inaccurate information or fails to update outdated information, the quality and relevance of Interactive Advisors’ investment advice could be materially affected. Interactive Advisors’ investment advice is based on the risk assessment questionnaire it asks clients to fill out through its website and the answers and information clients provide to Interactive Advisors in response to that questionnaire. There may be additional information or financial circumstances not asked about in Interactive Advisors’ risk assessment questionnaire, that could inform, but is not taken into account or reflected in Interactive Advisors’ investment advice. Clients may choose to contact another financial advisor to discuss any such additional information or other financial circumstances that clients may think could be relevant to Interactive Advisors’ investment advice. Interactive Advisors clients (or their advisors, if applicable) are responsible for advising Interactive Advisors of any changes in their financial situation or investment objectives. Reliance on Third-Party Data: Interactive Advisors’ investment advice is based on data and information from third-party sources. While Interactive Advisors believes that the data it uses in its investment management processes is obtained from reliable sources, it did not audit or validate this data, which may contain errors. Reliance on Technology: Interactive Advisors’ investment activities depend on various computer and telecommunications technologies, some provided by or dependent upon third parties, such as data feed, data center, telecommunications or utility providers. Interactive Advisors’ services to its clients could be severely compromised by system and/or telecommunications failures, power loss, unauthorized system access or use, computer viruses, fire or water damage, human errors in using certain Informational Brochure - February 3, 2026 24 / 55  systems, or other events or circumstances. Events that may interrupt computer or telecommunications systems could have a material adverse effect on Interactive Advisors clients, including by preventing Interactive Advisors from trading, liquidating or monitoring its clients’ investments. Interactive Advisors maintains back-up electronic books and records at a third-party disaster recovery site. In case of interruption of its computer and/or telecommunications systems, Interactive Advisors will strive to resume service to its clients promptly, barring any circumstances outside of its control. Performance Drift Risk: This is the risk that the performance of any portfolio you invest in and the performance of your account diverge, due to the following factors, among others: ● The Portfolio Manager’s compliance with the trading rules: For the protection of clients, trades that a Portfolio Manager makes that are outside of the Interactive Advisors trading rules are not replicated in client accounts. ● Your risk score and exclusions: Your risk score and any restrictions you placed on buying or selling certain securities or tickers could result in certain trades executed by the Portfolio Manager or Interactive Advisors not being replicated in your account. ● Your cash flow behavior: Performance drift will result if you frequently invest additional cash or partially redeem your investment. ● Inability to mirror in exact proportion: Depending on the size of your investment relative to the Portfolio Manager’s, translating each trade the Portfolio Manager makes into whole shares in your account can lead to small rounding differences, and therefore slightly different allocations. ● The broker’s availability of stock to lend: When shorting, the stock must first be borrowed. The broker may not have the exact amount of stock available to fulfill all that is requested. Depending on the specific circumstances, performance drift can be to your disadvantage or to your benefit. Model Risk: Some strategies include the use of various proprietary quantitative or investment models. Investments selected using models may perform differently than expected as a result of changes from the factors’ historical – and predicted future trends, and technical issues in the implementation of the models, including, for example, issues with data feeds. Moreover, the effectiveness of a model may diminish over time, including as a result of changes in the market and/or changes in the behavior of other market participants. A model’s return mapping is based partially on historical data regarding particular economic factors and securities prices. The operation of a model, similar to other fundamental, active investment processes, may result in negative performance, including returns that deviate materially from historical performance, both actual and pro- forma. For a model driven investment process – and again similar to other, fundamental and active investment processes, there is no guarantee that the use of models will result in effective investment outcomes for clients. Risks of Monte Carlo Simulation: For the Goal Tracker tool projections, we use Monte Carlo simulation to generate financial and/or retirement goal projection forecasts and in connection with investment decisions. Monte Carlo simulation is a statistical modeling technique that charts the probability of discrete financial outcomes at certain times in the future. The outcomes presented using Monte Carlo simulation represent only a few of the many possible outcomes, will vary over time, and are not guarantees of investment returns. Moreover, since past investment performance and general market conditions may not necessarily be repeated in the future, your financial and/or retirement goals may not be fulfilled by relying on investment decisions that are based on Monte Carlo simulation results. Differences in account size, age, risk tolerance, transaction timing, and prevailing market conditions at the time of investment may also lead to different results, and you may lose money. Generally in Monte Carlo simulations, results are very sensitive to assumptions about expected return and risk and the base assumptions used may be unrealistic, leading to unrealistic outcomes. Cash Drag Risk: The allocation of cash within your portfolio has an impact on portfolio performance. Some of the portfolios offered on the platform have high allocations to cash. As the allocation to cash in a portfolio increases, the volatility of the entire portfolio is reduced. In times when invested assets are increasing in value, portfolios with increased amounts of cash lead to returns which lag a fully invested portfolio. Alternatively, when invested assets are declining in value, portfolios with an increased amount of cash lead to a less significant decline in the portfolio. Pattern Day Trader Classification Risk: Depending on your account type, net asset value, and trading activity, your account may be classified as a Pattern Day Trader account by IB LLC, which will result in restrictions being placed on your account for a period of time. A day trade is defined as a purchase and sale of a security (US and Non-US) within the same trading day. The FINRA and NYSE instituted regulations intended to limit the amount of trading that can be done in accounts with small amounts of capital, specifically accounts with less than 25,000 USD Net Liquidation Value. A Pattern Day Trader is someone who effects 4 or more day trades within a 5 business day period. Informational Brochure - February 3, 2026 25 / 55  Risks Specific to Investments in Portfolios Made up of ETFs 1. Market Risk ETFs are typically designed to track the performance of certain indices, market sectors, or groups of assets such as stocks, bonds, or commodities. ETF managers may use different strategies to achieve this goal, but, in general, they do not have the discretion to take defensive positions in declining markets. Investors must be prepared to bear the risk of loss and volatility associated with the underlying index/assets. 2. Tracking Errors Tracking errors refer to the disparity in performance between an ETF and its underlying index or its assets. Tracking errors can arise due to factors such as the impact of transaction fees and expenses incurred by the ETF, changes in the composition of the underlying index/assets, and the ETF manager’s replication strategy. The most common replication strategies include: i) full replication, ii) representative sampling and iii) synthetic replication, which are discussed in more detail below. 3. Trading at a Discount or Premium An ETF may be traded at a discount or premium to its Net Asset Value (NAV). This price discrepancy is caused by supply and demand factors, and may be particularly likely to emerge during periods of high market volatility and uncertainty. This occurrence may also be observed for ETFs tracking specific markets or sectors that are subject to direct investment restrictions. 4. Foreign Exchange Risk Investors trading ETFs with underlying assets not denominated in U.S. dollars are also exposed to exchange rate risk. Currency rate fluctuations can adversely affect the underlying asset value, also affecting the ETF price. 5. Liquidity Risk Market Makers (MMs) are exchange members that provide liquidity to facilitate trading in ETFs. Although most ETFs are supported by one or more MMs, there is no assurance that active trading will be maintained. In the event that the MMs default or cease to fulfill their role, investors may not be able to buy or sell the product. Interactive Advisors attempts to reduce this risk by selecting ETFs with more liquidity for portfolios whose composition its Investment Management Team is responsible for determining. 6. Counterparty Risk Involved in ETFs with Different Replication Strategies a. Full replication and representative sampling strategies: An ETF using a full replication strategy generally aims to invest in all constituent stocks or assets in the same weightings as its benchmark. ETFs adopting a representative sampling strategy will invest in some, but not all of the relevant constituent stocks or assets. For ETFs that invest directly in the underlying assets rather than through derivative instruments issued by third parties, counterparty risk tends to be less of a concern. b. Replication strategies using swaps and other derivatives (i.e., synthetic replication): ETFs may utilize swaps or other derivative instruments to gain exposure to a benchmark. Currently, replication ETFs can be further categorized into two classes: ● ETFs utilizing swaps: Total return swaps allow ETF managers to replicate the benchmark performance of ETFs without purchasing some or all the underlying assets. ETFs utilizing swaps are exposed to counterparty risk of the swap dealers and may suffer losses if such dealers default or fail to honor their contractual commitments. ● ETFs utilizing derivatives: ETF managers may also use other derivative instruments to replicate the economic benefit of the relevant benchmark. The derivative instruments may be issued by one or multiple issuers. ETFs utilizing derivatives are subject to the counterparty risk of the derivative instruments’ issuers and may suffer losses, if such issuers default or fail to honor their contractual commitments. Even where collateral is obtained by an ETF, it is subject to the collateral provider fulfilling its obligations. There is a further risk that, when the right against the collateral is exercised, the market value of the collateral could be substantially less than the amount secured resulting in significant loss to the ETF. Informational Brochure - February 3, 2026 26 / 55  Risks Specific to Investments in the Interactive Advisors Portfolios Investments in the Interactive Advisors Portfolios (e.g., Smart Beta, Asset Allocation, Index Tracking, WisdomTree ETF Portfolios, SSGA ETF Portfolios, and Socially Responsible Investing Portfolios, etc.) are subject to the risks discussed here and the separate Risk Disclosures for each portfolio line available on the Forms and Agreements page of the Interactive Advisors website (https://interactiveadvisors.com; https://interactiveadvisors.com/forms-and-agreements) (which clients are required to acknowledge before being allowed to invest in any of these portfolios), any of which may adversely affect the Portfolios’ yield, total return, and ability to meet their investment objectives. This discussion of the risks associated with investments in the Interactive Advisors Portfolios is a summary of the discussion of risks in the separate portfolio-line- specific risk disclosures, and clients are prompted to consult the “Disclosures for Investments in Specific Portfolio Lines” for a fuller risk discussion at this location: https://interactiveadvisors.com/forms-and-agreements As with any investment, there are a number of risks associated with investing in an Interactive Advisors Portfolio. These include the following: ● You may lose all or part of your investment in the Portfolios, your investment may not perform as well as other investments, or your investment may fluctuate significantly due to short-term or long-term market movements; ● There is no assurance that these Portfolios and strategies will meet their investment objectives, work as intended, or perform as well as other investment strategies; and ● These Portfolios may not be suitable for all investors. Sector and concentration risks: A portfolio may carry higher risk to the extent it is significantly composed of assets in a particular sector, issuer, group of issuers, country, group of countries, region, market, industry, or asset class. For the portfolios it constructs in-house (e.g., Smart Beta and Asset Allocation) Interactive Advisors generally attempts to avoid excessive concentration in individual sectors of the market, but may not be successful. Regulatory risk: The Portfolios are subject to the risk that a change in US law and related regulations will impact the way Interactive Advisors manages these portfolios, increase the particular costs of their operation and/or change the competitive landscape. This may result in Interactive Advisors deciding to cease offering these Portfolios. Conflict of interest risks and disclosures: As explained above, Interactive Advisors trades its own funds alongside the assets of the clients who invest in the Interactive Advisors Portfolios in order to effectuate its trade mirroring procedures. To avoid the potential for front-running, orders in Interactive Advisors-owned accounts are combined with orders in client accounts and submitted for execution to IB LLC in one or multiple trades. Executions are then allocated pro rata with participating accounts receiving the same average price per share and sharing transactions costs pro rata. These safeguards are described in the Investment Management Agreement that clients sign before investing with Interactive Advisors and are intended to ensure Interactive Advisors adheres to its fiduciary duty to clients, and avoids or mitigates any conflicts of interest. Risks associated with owning and trading fractional shares and related agency cross trades: Interactive Advisors is able to offer the Interactive Advisors Portfolios and the extensive diversification they are designed to achieve for even relatively small investments, by offering Interactive Advisors clients the ability to trade fractional shares of the ETFs and stocks that the portfolios invest in. You will receive payments or value commensurate with your fractional ownership in the case of stock dividends, stock splits, mergers, or other mandatory corporate actions (including cash dividends). Please refer to Item 11, Fractional Share Transactions, for more information. These portfolios may become unavailable for investment: Any of the Interactive Advisors Portfolios may become unavailable for investment at any point in the future either because the Firm decides to close one of these portfolios or because a third-party data provider decides to terminate the governing licensing agreement with the Firm or to cease providing the data needed to manage the portfolio. Interactive Advisors will notify all affected clients of any such portfolio closure as soon as possible to allow them to identify suitable alternative investments on the Interactive Advisors platform or elsewhere. You should bear these contractual limitations in mind when deciding whether to invest in one of these portfolios, which may become unavailable for investment in the future. Not a bank deposit: Your investment in any of the Interactive Advisors Portfolios is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Smart Beta Portfolio-specific risks - Due to its composition, each Smart Beta Portfolio carries additional, specific risks, which may lead it to lose or gain money out of proportion with the stock market as a whole. ● Value securities risk - Stocks in the Value Portfolio, perceived by Interactive Advisors as undervalued, may fail to appreciate for long periods of time, may never realize their full potential value, or may underperform other segments of the market or the market as a whole. Informational Brochure - February 3, 2026 27 / 55  ● Quality securities risk - Companies issuing the stocks included in the Quality Portfolio may experience lower than expected returns, even negative growth, as well as increased leverage. ● Growth securities risk - There is no guarantee that the past performance of the stocks in the Growth Portfolio will continue. These stocks typically trade at higher multiples of current earnings than other securities and, therefore, may be more sensitive to changes in current or expected earnings than other equity securities and may be more volatile. ● High-dividend securities risk - There is no guarantee that the large-capitalization companies issuing the stocks in the Dividend Portfolio will declare dividends in the future or that, if the dividends are declared, they will remain at current levels or increase over time. ● Equal weighting risk - Due to the Broad Market Portfolio’s use of half equal weighting and the resulting higher proportion of small- and medium-capitalization company stocks, this portfolio may underperform other segments of the market or the market as a whole. ● Small-capitalization company risk - Small-cap versions of the Smart Beta Portfolios are invested solely in small- capitalization company stocks. Small-capitalization company stocks have historically been riskier than large and medium-capitalization company stocks. Securities of small-capitalization companies generally trade in lower volumes, are often more vulnerable to market volatility, get less analyst coverage, and are subject to greater and more unpredictable price changes than other stocks or the stock market as a whole. ● ESG (Environment, Social and Governance) investment strategy risk - Five of the Smart Beta portfolio, the ESG Broad Market Portfolio, ESG Growth Portfolio , ESG Value Portfolio , ESG Quality Portfolio, and ESG Dividend Portfolio, use an ESG investment strategy, which limits the types and number of investment opportunities available to these portfolios and could underperform portfolios without an ESG focus, be they the Smart Beta Broad Market Portfolio, other Smart Beta portfolios, or other portfolios on the Interactive Advisors platform or elsewhere. The ESG investment strategy of these portfolios could result in the portfolios investing in securities, industries or sectors that underperform the market as a whole, foregoing opportunities to invest in securities, industries or sectors that might otherwise be advantageous to invest in, and underperforming other portfolios or investments screened for different ESG standards. Interactive Advisors could also be unsuccessful in creating a portfolio composed of companies that exhibit positive or favorable ESG characteristics. The performance of these portfolios is compared against a broad market investable ETF benchmark without an ESG focus, which limits the comparability of the portfolio returns to the benchmark’s performance. Tax burden implications of Smart Beta Portfolio investments: Given the high volume of trading in the Smart Beta Portfolios due to their composition, quarterly rebalancing trades, and recurring investments, clients will also be responsible for reporting large amounts of stock sales in their tax forms (e.g., IRS Form 8949, Sales and Other Dispositions of Capital Assets). This tax-filing burden is increased for the Broad Market Portfolios, each made up of 1,000 stocks. Interactive Advisors is not qualified to and cannot provide any tax advice or prepare any tax documents for clients. Clients will need to consult an accountant or tax attorney to determine the tax-filing burden of investing in these portfolios. Please note that IB LLC provides certain tools to assist clients with their tax filings, but these tools may only be able to support a limited number of trades. Interest rate risk associated with bond ETFs: Some of the Interactive Advisors Portfolios (e.g., Asset Allocation, WisdomTree and SSGA ETF Portfolios) invest in bond or fixed income ETFs, which are exposed to interest rate risk (i.e., the risk that underlying bond prices will decline because of rising interest rates). An increase in interest rates may cause the value of bond or fixed-income ETFs held by the portfolios to decline, which could lead to heightened volatility in the fixed-income markets, and adversely affect the liquidity of fixed-income ETFs. The current historically low interest rate environment exacerbates the risks associated with rising interest rates. Credit risk associated with corporate bond ETFs: Some of the Interactive Advisors Portfolios invest in corporate bond ETFs, which are exposed to the risk that the corporations issuing the debt or other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or honor any of their other obligations. This could negatively affect the debt issuer’s credit rating or the market’s perception of that debt issuer’s ability to make payments, which could in turn negatively affect the value of these portfolios’ investments in the corporate ETFs. The degree of credit risk associated with the corporate bond ETFs depends on the financial condition of the issuers of the underlying instruments and the terms of the underlying bonds the ETFs invest in. Tax and other risks associated with municipal bond ETFs: The Asset Allocation Portfolio may invest in municipal bond ETFs, which are exposed to the risk that all or a portion of the tax-exempt income from municipal bonds held will be declared taxable, potentially retroactively, due to changes in tax laws or adverse interpretations by the Internal Revenue Service or state or local tax authorities. Municipal bonds could also be adversely affected by changes in the rights of municipal bond holders, including those in connection with the insolvency of the issuing municipality. Municipal bonds used to finance and backed by Informational Brochure - February 3, 2026 28 / 55  current or anticipated revenues from a specific project or asset could be adversely affected by the inability to collect revenues from that project or asset. Real estate investment risk and tax consequences for investments in the Russell 1000 Real Estate Managed Portfolio: This portfolio invests in companies such as real estate investment trusts (“REITs”) or real estate holding companies, which exposes investing clients to the risks of owning real estate directly, as well as to risks that relate specifically to the way in which real estate companies are organized and operated. Real estate is highly sensitive to general and local economic conditions and developments, and real estate companies, including REITs, use leverage, which increases investment risk and could exacerbate this portfolio’s losses. Clients interested in this portfolio should consult with their accountant or tax attorney on the tax consequences of investing in this portfolio, as dividend payments made out by REITs held in this portfolio could be taxed as ordinary income at the top marginal tax rate. Interactive Advisors does not provide tax advice and does not in any way represent that investing in this portfolio will result in any particular tax consequences. Sector and concentration risks associated with investments in the Index Tracking Portfolios: A portfolio may carry higher risk to the extent it is significantly composed of assets in a particular sector, issuer, group of issuers, country, group of countries, region, market, industry, or asset class. Many of the Index Tracking Portfolios track indices focused on a specific industry or sector and are thus more affected by the risks associated with that specific industry or sector. ESG (Environmental, Social and Governance) investment strategy risk associated with investments in the ESG Asset Allocation Portfolio - The Asset Allocation Portfolio allows the use of an ESG investment strategy, which limits the types and number of investment opportunities available to this portfolio and could underperform an asset allocation portfolio without an ESG focus, offered on the Interactive Advisors platform or elsewhere. The portfolio’s ESG investment strategy could result in these portfolios investing in ETFs focused on securities, industries or sectors that underperform the market as a whole, foregoing opportunities to invest in securities, industries or sectors that might otherwise be advantageous to invest in, and underperforming other portfolios or investments screened for different ESG standards. Also, Interactive Advisors could be unsuccessful in creating portfolios investing in ETFs made up of companies that exhibit positive or favorable ESG characteristics, and the ETF manager (or the provider of the index the ETF seeks to track) may not succeed in selecting issuers that exhibit positive or favorable ESG characteristics. Additionally, the ESG-focused ETFs the Asset Allocation portfolio invests in have been launched relatively recently (2016-2018), have short performance histories and may not be successful in implementing an ESG investment strategy. The performance of the ESG-focused Asset Allocation portfolio is expected to be similar to that of the non-ESG Asset Allocation portfolio, but Interactive Advisors does not claim and cannot guarantee that this will be the case in the future, given the limited performance history available for the ESG-focused ETFs the portfolio invests in and the fact that past performance is no guarantee of future results. The expense ratios associated with the ESG- focused ETFs are higher than those associated with their non-ESG ETF counterparts. Socially Responsible Investing Portfolio-Specific Risks - The Socially Responsible Investing Portfolios carry additional, specific risks, which may lead them to lose or gain money out of proportion with the stock market as a whole. ● Less diversification - By definition, Socially Responsible Investing Portfolios are less diversified than comparable broad market portfolios because they are constructed to exclude investments in certain companies or industries, which could lead to these portfolios being more or less volatile than a broader market portfolio. ● Equal weighting risk - Due to the use of half equal weighting in some portfolios like the Clean Technology Portfolio, ESG Broad Market Portfolio, Clean Energy Portfolio, Low Greenhouse Emissions Portfolio, Fair Labor Portfolio and Workforce Diversity Portfolio and the resulting higher proportion of medium-capitalization company stocks, these portfolios may underperform other segments of the market or the market as a whole. ● ESG (Environment, Social and Governance) investment strategy risk - The Socially Responsible Investing Portfolios use an ESG investment strategy, which limits the types and number of investment opportunities available to these portfolios and could lead the portfolios to underperform other portfolios without an ESG focus, whether they are other portfolios on the Interactive Advisors platform or elsewhere. The ESG investment strategy could result in these portfolios investing in securities, industries or sectors that underperform the market as a whole, foregoing opportunities to invest in securities, industries or sectors that might otherwise be advantageous to invest in, and underperforming other portfolios or investments screened for different ESG standards. Interactive Advisors could also be unsuccessful in creating portfolios composed of companies that exhibit positive or favorable ESG characteristics. The performance of these portfolios is compared against a broad market investable ETF benchmark without an ESG focus, which limits the comparability of the portfolio returns to the benchmark’s performance. Basically, the application of socially responsible investment criteria may affect clients’ exposure to certain sectors or types of investments and may impact the clients’ relative investment performance – positively or negatively – depending on whether such sectors or investments are in or out of favor in the market. Informational Brochure - February 3, 2026 29 / 55  ● Reduction not elimination of investments in companies investors may consider undesirable - The construction of the Socially Responsible Investing Portfolios reduces but does not eliminate exposure to companies that investors interested in socially responsible investing may consider to be undesirable. ● Subjective and qualitative nature of socially responsible investing and data limitation - Socially Responsible Investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by Interactive Advisors will reflect the beliefs or values of any one particular investor. Information regarding the Socially Responsible Investing practices of companies these portfolios invest is obtained through voluntary or third-party reporting, which may not be accurate or complete, and Interactive Advisors is dependent on this information to determine the inclusion of a company in a portfolio (based on its commitment to, or implementation of, socially responsible practices). Socially responsible norms also differ by region. And there is no assurance that the socially responsible investing criteria employed will be successful. There is no guarantee that these portfolios will produce returns similar to traditional investments. ● New portfolio risk - Interactive Advisors started trading the Socially Responsible Investing Portfolios in July 2020. Therefore, these portfolios have no operating or actual performance history before July 2020. Clients investing in these portfolios also bear the risk that Interactive Advisors may not be successful in implementing its investment strategy. Risks and Limitations Associated with the Client-Customized Asset Allocation Functionality Clients interested in using our custom Asset Allocation Portfolio feature are asked to carefully read this disclosure (which they also receive at the time of investing in the Asset Allocation Portfolio as part of this larger disclosure document, Disclosure for Investments in Specific Portfolio Lines available here: https://interactiveadvisors.com/forms-and-agreements, and consider their personal circumstances before deciding whether to use our custom Asset Allocation Portfolio feature. As with all in-house portfolios Interactive Advisors offers, we have and retain the discretion to choose which specific ETFs to purchase or sell and the timing of the trade. We also reserve the right to initially select and subsequently change the available industry sectors and the specific ETFs corresponding to each industry sector. All specific ETFs used in a custom Asset Allocation Portfolio are subject to change at our discretion based on our evaluation of liquidity, cost of ownership (i.e., expense ratio associated with the ETF) and coverage (i.e., adequate exposure to the specific sub-asset class/industry tilt the ETF seeks to represent) without notice to you. The standard Asset Allocation Portfolio is designed at each risk tolerance level to deliver well-diversified portfolios that seek to maximize risk-adjusted returns. If you customize your Asset Allocation Portfolio, you may alter the investment characteristics of the portfolio, including the expected return, risk, diversification and tax efficiency of the portfolio. The allocation you select is your ultimate responsibility and the performance of your customized Asset Allocation Portfolio may be worse or better than the performance of our recommended standard Asset Allocation Portfolio. Additionally, your selection and allocation of ETFs in your custom Asset Allocation Portfolio may result in higher costs to you than you would incur in our standard Asset Allocation Portfolio for your risk score. We execute securities transactions to implement your customization instructions on the same trading day if they are received by Interactive Brokers before 3:55 p.m. EST, or at the next market open if they are received after 3:55 p.m. EST. We will rebalance your custom Asset Allocation Portfolio quarterly and at any other time you change your allocation instructions or add or withdraw assets from your account. For quarterly rebalancings, we will aggregate buy and sell orders in specific ETFs before sending orders to market and allocate executions among accounts at the average price. We reserve the right to modify the customized Asset Allocation Portfolio feature, including by changing or limiting the availability or weighting of certain investments or groups of investments if we determine such action to be in clients’ best interests. The same annual management fee (0.20%) applies to client investments in the standard and client-customized versions of the Asset Allocation Portfolio. Risks and Limitations Associated with Enabling the Tax Loss Harvesting Functionality for Asset Allocation Portfolio Investments Interactive Advisors does not represent that investing in the Asset Allocation Portfolio or using the TLH functionality will achieve any particular investment or tax result. TLH does not constitute tax advice and Interactive Advisors assumes no responsibility for the tax consequences of any TLH-related transaction, to any client. Clients should consult their personal tax advisors regarding the tax consequences of investing in the Asset Allocation Portfolio, the effects of using TLH, whether the transactions in non-Interactive Advisors accounts trigger wash sale restrictions, and the requirements for making appropriate reports and filings with the IRS or any other taxation authority. The tax consequences of using a tax loss harvesting strategy generally and TLH specifically are complex and uncertain and may be challenged by the IRS or any other tax Informational Brochure - February 3, 2026 30 / 55  authority. In case of an inquiry or proceeding by the IRS or any other tax authority, Interactive Advisors will not become a party to that inquiry or proceeding on your behalf. The information with regard to TLH was not prepared to be used, and cannot be used, by any investor to avoid penalties or interest. For additional information on claiming tax losses on your tax filings, review the IRS instructions on Schedule D (Form 1040) Capital Gains and Losses or IRS Publication 550. Tax loss information associated with your use of TLH can be located on your logged-in client dashboard. Our affiliated broker IB LLC will provide you with a Form 1099 to be filed with your tax return. TLH is generally valuable for investors with taxable accounts (as tax-advantaged accounts like traditional or Roth IRA accounts are already tax-free or tax-deferred) who have a long-term investment horizon (as it works through tax deferral not tax avoidance and thus it is less beneficial over a short investment horizon). Often TLH is most effective for investors who harvest losses for use against high-rate income (i.e., short term capital gains) and convert future realized gains to long-term capital gains subject to the preferentially lower rate. The benefits of TLH and the net investment losses available for harvesting will depend on each client’s particular circumstances, including but not limited to: income, state of residence, purchases and sales of assets in the client and spouse’s accounts outside of Interactive Advisors, type of account and holding periods. Tax loss harvesting generally and the use of our TLH functionality may not be appropriate or beneficial for all investors. Investors: (a) without taxable accounts; (b) in relatively low income tax brackets; (c) expecting higher future tax rates; (d) planning to withdraw a large portion of their investments within a year; and/or (e) trading any of the ETFs in their Asset Allocation Portfolio investments in non-Interactive Advisors accounts, including joint accounts, likely to trigger the wash sale rule, will generally benefit the least from using TLH. The value added from TLH will depend on a variety of factors, including but not limited to: A. Current tax rate versus future tax rate: Avoiding paying capital gains tax by offsetting the gains with harvested losses does not mean that you never need to write a check to the IRS. By harvesting losses now, you are simply deferring when you write the check to the IRS. If your future tax rate for long- and short-term gains is lower than your current rates, you benefit by writing the check later, because that tax bill will be calculated using lower rates. Thus, the greater the differential between current and future tax rates, the higher your benefit from TLH. If future tax rates are higher than the current ones, delaying payment by opting to use TLH will work to your disadvantage. B. Expected return of investment portfolio: The losses that TLH can harvest are highly dependent on the performance of the positions within your Asset Allocation Portfolio investment and general market conditions. In certain years, there will be large losses to harvest while in others very few. C. Investment horizon: The longer you hold onto your investments, the higher the likely benefit of using TLH. D. Volatility of underlying holdings: Because TLH involves selling investments that have declined in value, generally portfolios with a greater proportion of riskier securities with higher volatility and greater price fluctuations present more opportunities for tax-loss harvesting. E. Tracking error of replacement ETF: After selling an ETF to harvest losses, TLH automatically invests the cash proceeds from the sale in a replacement ETF with a high historical correlation with the original ETF. The performance of the replacement ETF could be worse or better than that of the original ETF. We do not represent and cannot guarantee that the replacement ETFs will ultimately perform the same or similar to the ETFs being replaced despite their similar expected risk and return characteristics. F. Availability of realized gains to offset realized harvested losses: Tax losses TLH harvests can be applied to offset both capital gains and up to $3,000 in ordinary income annually. Losses that cannot be applied in a given tax year can be carried over indefinitely to offset future income and capital gains. The benefits of TLH are higher when the offset happens earlier rather than later, and when the offset is applied to short-term gains or income rather than to long-term gains. G. Trading securities substantially identical to those in your Asset Allocation Portfolio investments in other accounts or in the same account invested in non-Asset Allocation Portfolio managed by Interactive Advisors, could trigger the wash sale rule. If you buy the same or a substantially identical security within 30 days before or after the sale of such securities in any account (including other Interactive Advisors accounts, brokerage accounts at our affiliated broker-dealer IB LLC or investment accounts with other institutions), then the IRS does not allow capital losses from such sales to offset capital gains due to the “wash sale” rule. A wash sale does not completely eliminate the benefits of TLH but reduces that benefit by the amount of the wash sale itself. The wash sale rule applies across all of your accounts, including your non-taxable retirement accounts, no matter where they are held. Trading activity in any of IA’s non-Asset Allocation portfolio (even if in the same account where the Asset Allocation Portfolio investments are held) can also result in negating our TLH algorithms, and triggering wash sale rules. Informational Brochure - February 3, 2026 31 / 55  Interactive Advisors does not monitor transactions in clients’ non-Interactive Advisors accounts, whether held at IB LLC or elsewhere. Clients are thus responsible for ensuring they identify and properly handle wash sales resulting from trading in their (and their spouse’s) non-Interactive Advisors accounts. For more information on the wash sale rule and other tax-loss harvesting-related issues, please review IRS Publication 550 and the Interactive Brokers website. Higher turnover as a result of TLH TLH results in increased trading in the accounts of clients who activate the functionality. Such increased trading could result in increased trading expenses, executions at less favorable prices, less favorable tax treatment of some dividends, portfolio drift, and increased risk of trading errors. functionality for their Allocation Portfolio All Clients receive this disclosure document (which contains the above discussion of risks) at the time they decide to turn on this investments: Asset https://cdn.interactiveadvisors.com/22110402/documents/clients/tax-loss-harvesting-disclosure-07-sep-2022.pdf Assumptions, limitations and risks associated with the Goal Tracker software tool The long-term return estimates used by the Goal Tracker tool are estimates intended to provide a general guideline for the potential returns of a client’s investment with Interactive Advisors. The projections or other information generated by the long-term return estimates regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results or the realized returns of any of our portfolios, your account or the account of any other Interactive Advisors client, are not guarantees of future results, and are provided for informational, educational and illustrative purposes only. Hypothetical projected portfolio returns assume reinvestment of interest and dividends and do not include taxes or inflation adjustments. Hypothetical projected portfolio values could differ significantly from the actual performance of any of our portfolios. As such your likelihood of achieving your goals portrayed by the tool may be overstated and unrealistic. Actual results in an Interactive Advisors client account investing in any Interactive Advisors portfolio could differ significantly from these hypothetical results depending on factors such as: broad stock market performance, factor returns, available liquidity, interest rates, economic growth, transaction costs, and other market factors. There is no guarantee that clients will reach the goal specified in the tool and assumptions not used in this tool and other market developments can affect the probability of reaching your goal(s). Interactive Advisors does not make any representation that any client will or is likely to achieve results similar to these by investing in any portfolios on the Interactive Advisors platform. The tool’s estimates and projections can vary with each use and over time. The estimates and projections generated using the Goal Tracker tool are provided for informational, educational and illustrative purposes and are not intended to constitute and should not be relied on as a full financial plan, comprehensive financial planning, legal or tax advice. Clients should consult a qualified financial planner, tax advisor, CPA or lawyer to obtain such advice. Interactive Advisors does not in any way represent that the estimates generated using this tool are based on or meant to replace a comprehensive evaluation of a client’s entire personal portfolio. Through this tool or otherwise, Interactive Advisors does not provide tax advice. There may be more tax-advantageous account types to achieve the stated goals, but this tool does not take that into account. None of the tool’s projections should be construed as an offer, recommendation or solicitation to buy or sell any security. The main assumptions, limitations and risks associated with the Goal Tracker software tool are discussed in this white paper on our website (https://interactiveadvisors.com/learn-more/goal-tracker) and on the web page logged-in clients review when deciding whether to use this tool. Risks Specific to Investments in the Fund Clients The risks specific to investments in the Fund Clients are disclosed in each Fund’s private placement memorandum. Because the Fund Clients operate by allocating capital to Third Party Sub-Advisors, the risks present depend on each Sub-Advisor’s investment strategy and the instruments that each Sub-Advisor utilizes to implement its strategy. All investments in the Fund Clients are subject to risks specific to the particular investment strategies utilized. They are also subject to risks relating to market conditions generally, as well as risks particular to the various types of instruments utilized by Each Sub-Advisor. Such instruments include, but are not limited to: equities; commodities; debt securities; futures; options; other derivatives; and ETFs. Additionally, Sub-Advisors may invest in non-US instruments that may carry risks unique to the jurisdictions in which they are traded. Investors in the Fund Clients must review the private placement memorandum and accept the risks disclosed there. Informational Brochure - February 3, 2026 32 / 55  Other Considerations for Clients Investing in Interactive Advisors Portfolios Investment Advice At this time Interactive Advisors offers investment advice by allowing clients to invest in Portfolios generally trading any or a combination of the following: equity securities traded on U.S. exchanges, ETFs, and REITs. Clients are advised that: 1. Interactive Advisors’ investment advice consists of facilitating clients’ ability to select Manager or Interactive Advisors Portfolios through its risk scoring system and guidance provided upon request by Interactive Advisors’ client service representatives. In the case of Asset Allocation Portfolio, after it assigns to clients risk scores based on their answers to the risk assessment questionnaire, Interactive Advisors recommends to clients a specific Asset Allocation portfolio, which clients may then choose to invest in or not. The Asset Allocation Portfolio is the only one Interactive Advisors recommends to clients. 2. (posted in the Forms and Agreements page at Interactive Advisors may modify recommendations that are implied by the trading data provided by the Manager and Manager Content in certain circumstances. For example, some securities transactions may not be executed under Interactive Advisors’ Trading Rules laid out in the Portfolio Manager Trading Rules on the Interactive Advisors website https://interactiveadvisors.com; https://interactiveadvisors.com/forms-and-agreements). This is discussed in more detail in Item 4 above. 3. Once a client selects a Manager Portfolio or an Interactive Advisors Portfolio to invest in, the client may not alter the Portfolio or the trades in his account that is invested in that Portfolio strategy, except by restricting the trading of specific tickers or securities in his account or using any of the ESG exclusion lists we offer for client selection. clients can terminate their investment in a Portfolio at any time and invest in another Portfolio available on the Interactive Advisors platform or choose not to invest in any Portfolio. Interactive Advisors does not charge management fees on any funds held in client accounts that are not invested in any portfolios on its platform. 4. Any securities transferred to the Custodian to fund an account are solely for liquidation and subsequent investment in a Manager Portfolio or Portfolios. Interactive Advisors does not issue recommendations on the further disposition of transferred securities. Trading Restrictions 1. In managing client assets, Interactive Advisors retains discretion over the trading based on certain trading limitations. Trading limitations include the following: ● Minimum thresholds for market capitalization to ensure portfolio trades occur in liquid securities; ● The size of a client’s account may not make it practical to allocate shares for certain trades initiated by a Manager; and ● A Client may have specified certain ticker or security trading restrictions or restrictions based on predefined ESG exclusion lists for investments in his account. 2. The concept of Interactive Advisors is to allow investors (i.e., clients) to replicate Manager or Interactive Advisors trade data. This naturally leads to a significant conflict of interest as the Managers, and if the Manager is an entity, its respective officers, directors, employees, and/or affiliates, will send a trade for execution ahead of clients. It is therefore important to note the following: i. It is illegal for anyone to manipulate the market for securities. ii. Managers represent to Interactive Advisors that neither they nor their affiliates or employees trade in securities in which they possess any material nonpublic information or use their knowledge of the timing of the release of their trade data or the fact that the release of that trade data will prompt trades in Interactive Advisors client accounts to trade ahead of Interactive Advisors clients or to otherwise improve their position in the ownership of securities or futures or move the price of any securities or futures. iii. To eliminate the time lag between any Manager or Interactive Advisors trades and the replication of these trades into client accounts and any incentives and conflicts of interest presented by such time lag, Interactive Advisors has established procedures to mitigate the risk of a Manager trading ahead of clients. This includes combining the orders for the sale or Informational Brochure - February 3, 2026 33 / 55  purchase of a security by a Manager (or Interactive Advisors) with those of clients investing in that Manager or Interactive Advisors Portfolio in a single trade or allocating the combined trades between Manager or Interactive Advisors and client accounts on a pro rata basis (a process referred to as “co-trading”). iv. Managers agreed to not buy or sell securities in any of their proprietary or personal accounts using the strategy in the Interactive Advisors-linked account before buying or selling those same securities in their Interactive Advisors-linked account. v. Interactive Advisors will randomly check managers’ trading in accounts following the same strategy as their Interactive Advisors-linked account to detect any instances of trading ahead and/or any indication of improper trading practices. vi. Portfolio Managers may themselves be SEC- or state-registered investment advisers, or hedge fund managers exempt from registration. Regardless of registration status, we expect Managers to exercise a reasonable level of care, diligence, and skill. All Portfolio Managers must agree to report, monitor, and review under their own Code of Ethics provisions trades in the IB account that is mirrored through the Interactive Advisors platform. Portfolio Managers must also provide Interactive Advisors with an annual certification that they are not aware of any instances of front- running in connection with trades placed at Interactive Advisors through their Code of Ethics reviews or otherwise. Portfolio Managers agree to promptly notify Interactive Advisors in writing of any instances of front-running of trades placed at Interactive Advisors. Non-Registered Portfolio Managers (generally exempt hedge fund managers) will be subject to a limited version of Interactive Advisors’ Code of Ethics and will be required to report their personal trading activity to Interactive Advisors. At this time, there are no unregistered Portfolio Managers on the Interactive Advisors platform. Use of Margin Since the spring of 2019, to prevent free-riding violations and mitigate the above conflicts of interests, IB LLC has only allowed Interactive Advisors clients to open no-borrowing-ability margin accounts. These accounts are not allowed to borrow for investment/leverage purposes but have the ability to use proceeds from stock and ETF sales immediately for new purchases instead of waiting for the usual 2-day settlement period, and, just like is the case with cash brokerage accounts at IB LLC, any cash shortfall in these accounts is covered by liquidating account holdings sufficient to cover the shortfall. A conflict of interest arises as this account type’s use of margin based on our management will result both in interest charges by our affiliate IB LLC and a higher Fee payable to us based on the increased gross market value of the account. We mitigate this conflict of interest by IB LLC generally not extending to our clients any more margin that is deemed necessary to address free riding issues. Nonetheless this conflict of interest cannot be completely eliminated because this account type could owe small amounts of margin interest to our affiliated broker-dealer IB LLC during the 2-day settlement window. Benchmark Comparisons Made Available to Clients Comparisons to benchmarks on the individual portfolio pages on our website are provided for illustrative purposes only. As of February 2021, benchmark comparisons provided in portfolio performance charts are not automatically available but can be displayed if website visitors choose to have them displayed. Benchmarks relevant to each portfolio are assigned by Interactive Advisors based on overall strategy, portfolio trade history, and/or other criteria. Interactive Advisors believes that comparing the relative performance of the portfolios against the performance of an appropriate benchmark can provide insight into the reasons for a portfolio’s performance and may assist clients in making investment decisions. There are no universal criteria for choosing an appropriate portfolio benchmark. But clients should be mindful of the limitations of using benchmark comparisons in making investment decisions. As prominently stated on our website, the performance, composition and volatility of the portfolios we offer and the benchmark(s) that could be selected for comparison purposes, could vary significantly. At this time Interactive Advisors uses investable exchange-traded fund (“ETF”) as benchmarks. Unlike index returns, investable ETF returns reflect the deduction (i.e., are net of) management fees, transaction costs and expenses and are thus more comparable to Interactive Advisors portfolio returns. Benchmark returns displayed on the individual portfolio pages have been calculated by Interactive Advisors using daily-adjusted close prices. For some of the portfolios, Interactive Advisors has selected the S&P 500 ETF as a benchmark. Broadly-based benchmarks like the S&P 500 ETF may be shown only as an indication of the general performance of the financial markets during the Informational Brochure - February 3, 2026 34 / 55  periods indicated, for comparison to general equity market behavior only and may not be suitable for comparison to individual portfolios with specific objectives, such as industry or security types. Generally, Interactive Advisors chooses the S&P 500 ETF as a benchmark for a portfolio when that portfolio is not constrained to particular industries or types of securities, which might make a benchmark with a narrower scope or in a specific market segment more appropriate. While portfolios for which the S&P 500 ETF is used as a benchmark may invest from time to time in certain market segments in which there may be a more appropriate benchmark, Interactive Advisors believes that over time the appropriate benchmark for those portfolios is a broader market benchmark such as the S&P 500 ETF. For other portfolios, Interactive Advisors has chosen different benchmarks based on portfolio construction rules and/or consultation with any relevant data providers (as applicable) and similarly believes that those benchmarks are a reasonably accurate representation of the segment of the total market where the portfolio is managed. There can be no assurance that a benchmark will remain appropriate over time and Interactive Advisors will periodically review the benchmark’s appropriateness and decide to use other benchmarks as appropriate. Factors not considered by Interactive Advisors Generally, in providing its services to clients, there are a number of factors Interactive Advisors does not consider including but not limited to: ● Tax implications: Interactive Advisors does not consider its clients’ specific tax implications in recommending portfolios. Interactive Advisors does not provide tax advice and does not represent in any manner that investments in a portfolio will result in any particular tax consequences. Each client must rely on his own examination and that of its financial, tax, and legal advisors in evaluating the tax implications of investing in an Interactive Advisors portfolio. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the client’s personal tax returns. Interactive Advisors assumes no responsibility for the tax consequences on any client of any transaction. Clients should not construe the contents of the Interactive Advisors website or any recommendation made by Interactive Advisors as tax advice. ● Transaction costs and frequency of trading: Interactive Advisors does not consider, but attempts to disclose, the frequency of a portfolio’s trading when recommending portfolios to clients. A portfolio with a high level of trading and turnover could lead to clients incurring substantial transaction costs, tax implications (such as short-term capital gains), and other similar consequences that could negatively impact the value of a client’s investment. Clients should bear these transaction costs in mind when deciding whether to invest in a portfolio on the Interactive Advisors platform. Nonetheless, for the Smart Beta, Asset Allocation, and Socially Responsible Investing Portfolios (i.e., the only portfolios for which it decides the frequency and extent of trading), Interactive Advisors periodically reviews turnover to ensure it is not excessive in amount or frequency, including before each rebalancing to confirm turnover is in line with expected values. Item 9: Disciplinary Information As of the date of this brochure, Interactive Advisors has not been subject to any legal or disciplinary actions material to a client’s or a prospective client’s evaluation of Interactive Advisors’ advisory business. Therefore, Interactive Advisors has no information applicable to this item. Item 10: Other Financial Industry Activities and Affiliations Interactive Advisors is part of the Interactive Brokers Group, an automated global electronic broker and market maker. Neither Interactive Advisors nor its representatives are registered as a broker-dealer or representative of a broker-dealer. In order to perform the co-trading processes for its platform described in Item 4 of this brochure, Interactive Advisors entered into a Technology Services Agreement with the Interactive Brokers Group, LLC (“IBG LLC”). Specifically, pursuant to this agreement, IBG LLC, at Interactive Advisors’ direction, will develop and program Interactive Advisors’ software, which, among other things, calculates the amount of securities to be traded for Interactive Advisors clients to effectuate Interactive Advisors’ co-trading procedures. Interactive Advisors remains solely responsible for the investment advice provided to its clients, and will periodically monitor IBG LLC’s implementation of its replication procedures. Interactive Advisors will pay to IBG LLC a fee equal to IBG LLC’s cost of performance of the services under this agreement plus ten percent (10%), and reimburse IBG LLC for any disbursements incurred in the performance of the agreement. Interactive Advisors will not charge its clients advisory fees higher than it would otherwise charge them in the absence of this agreement. Informational Brochure - February 3, 2026 35 / 55  IB LLC, the Broker-Dealer and Custodian for all trades in client and Fund Client accounts, is a related party to and is under common control with Interactive Advisors; both entities are subsidiaries owned by Interactive Brokers Group. IB LLC is a registered Broker-Dealer, Futures Commission Merchant, and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, and the National Futures Association, and is a member of the Financial Industry Regulatory Authority and several other self-regulatory organizations. IB LLC provides clearing and custody services on an agency basis for the Interactive Advisors trading platform, which executes Portfolio Manager and Interactive Advisors trades alongside client accounts in accordance with Interactive Advisors’ internal trading rules and specific client restrictions. Interactive Advisors’ relationship with IB LLC is material to its advisory business. A conflict of interest exists to the extent that Interactive Advisors recommends the purchase or sale of securities (to implement initial investment or rebalancing trades) given that IB LLC receives commissions in connection with all transactions in Interactive Advisors clients’ accounts. Additionally, the parent company of both affiliates, the Interactive Brokers Group LLC derives the majority of its revenues from the brokerage operations of the IB LLC subsidiary. As Interactive Advisors places all of its clients’ trades through IB LLC (which receives compensation for these services), this compensation ultimately benefits both IB LLC and Interactive Advisors given their corporate affiliation. Interactive Advisors does not receive any compensation from the unaffiliated third-party Portfolio Managers or the data providers supplying any of the data for portfolios on the Interactive Advisors platform. eligible to receive credit interest on settled cash balances in brokerage Allocation to cash and associated conflict of interest: IB LLC’s brokerage clients, including Interactive Advisors clients, are accounts long (https://www.interactivebrokers.com/en/index.php?f=46385). Generally, the rate clients will earn from IB LLC on their uninvested cash balances will be lower than yields on other cash alternatives, such as money market funds, that are available to clients for investments outside of their IB LLC accounts. Interactive Advisors’ affiliated broker-dealer IB LLC generates revenue on the cash held in all of its brokerage clients’ accounts, which benefits the parent company and by extension Interactive Advisors as part of the same corporate family. The interest revenue IB LLC generates does not in any way reduce the fees clients owe Interactive Advisors for its portfolio management services. Interactive Advisors does not manage or charge advisory fees on uninvested cash in its client accounts which clients do not invest in the portfolios on the platform. Generally, Interactive Advisors has a financial incentive to have clients select and invest in its portfolios rather than hold unmanaged cash in their accounts because Interactive Advisors does not charge fees or make any revenue on uninvested cash (other than the general financial benefit conferred on the Interactive Brokers Group by IB LLC’s above-described revenue), but does charge an annual management fee on funds invested in a portfolio. As to the cash which is part of a client’s portfolio investment, Interactive Advisors mitigates any conflict of interest presented by the IB LLC program and revenue described above by using tested investment management models to objectively determine the appropriate cash allocation in a given portfolio (for in-house built portfolios like the Smart Beta, Asset Allocation, and Socially Responsible Investing Portfolios). The Firm’s Investment Management Team has set the maximum initial cash allocation percentage for these three portfolio lines to 1-2% of portfolio assets. This target cash allocation may drift upward over time due to periodic dividend payments. Interactive Advisors does not determine or direct the cash allocation for any of the other portfolios it offers which are set either by the Portfolio Managers or the ETF Model Providers, which are not affiliated with it or IB LLC and thus would not benefit from a larger cash allocation or the resulting increased revenue. Interactive Advisors does not in any way consider the amount of cash in client accounts or the potential IB LLC revenue resulting from these cash balances in client accounts in determining the appropriate level of cash in any given client investment. Clients themselves decide and can change at any time the amount of cash sitting in their accounts above and beyond the allocation to cash associated with a specific portfolio investment. Interactive Advisors cannot control whether such free cash is invested in a portfolio or stays as cash in a client account as only clients can decide how much funds they transfer to an Interactive Advisors account and subsequently how much of (and whether) those funds get invested in a specific portfolio. Interactive Advisors is controlled by Interactive Brokers Group, an automated global electronic broker that will provide brokerage services to the Fund Clients. The Fund Clients will pay Interactive Brokers Group a fee in exchange for the brokerage services provided to the Fund Clients, and Interactive Brokers Group will provide such services to the Fund Clients on terms that are generally obtainable on an arm’s-length basis from unrelated third parties, although Interactive Brokers Group will have an interest in obtaining fees and other amounts which are favorable to Interactive Brokers Group. Any fees or other compensation received by Interactive Brokers Group in connection with its prime brokerage service will not be shared with the Fund. To the extent Interactive Brokers Group acts as broker to the Fund Clients, it may take commercial steps in its own interests, which may have an adverse effect on the Fund Clients. For example, in connection with prime brokerage involving the Fund Clients, Interactive Brokers Group may require repayment of all or part of a loan at any time or from time to time. Informational Brochure - February 3, 2026 36 / 55  The Fund Clients, Interactive Advisors, employees and officers of Interactive Advisors and their respective affiliates will take any and all reasonably practicable steps to avoid or substantially mitigate any circumstance in which there would be an actual or perceived conflict arising from the relationship among Interactive Advisors and Interactive Brokers Group. Members of Interactive Advisors’ senior management personnel perform actions, controls and checks to manage and reduce the risk of a conflict occurring, including, but not limited to, policies in Interactive Advisors’ compliance manual and related to trade practices, best execution, commissions and ERISA accounts. Interactive Advisors will consider actual or potential conflicts of interest relating to its relationship with Interactive Brokers Group, and where necessary, address such conflicts by disclosure, Limited Partner consent or other appropriate action. Interactive Advisors does not recommend or select other investment advisers for our clients. Interactive Advisors does select the Third-Party Subadvisors managing the Fund Clients. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics Interactive Advisors has adopted a code of ethics that sets forth the standards of conduct expected of its Associated Persons and requires compliance with applicable securities laws (“Code of Ethics”). In accordance with Section 204A of the Advisers Act, its Code of Ethics contains written policies reasonably designed to prevent the unlawful use of material non-public information by Interactive Advisors or any of its Associated Persons. The Code of Ethics also requires that certain Interactive Advisors personnel (called “Access Persons”) report their personal securities holdings and transactions and obtain pre- approval of certain investments such as initial public offerings and limited offerings. Interactive Advisors’ Access Persons may not trade securities, commodities, derivative products, financial instruments, or exchange-traded investment products on their own behalf between the hours of 8:30 a.m. and 6:00 p.m. local time at their place of employment. However, Access Persons may retain financial advisers to conduct such trading on their behalf during such prohibited hours. When managing assets for the Multi-Manager Funds, Interactive Advisors' Access Persons obtain trading data from sub- advisers of the Multl-Manager Funds which may contain material non-public information or other confidential information. As a result, certain Access Persons have the ability to use this confidential information to trade for themselves or for Interactive Advisors’s algorithm trading strategy for non-Fund clients. To address this conflict and promote the interests of clients and Fund Client Investors, Interactive Advisors prohibits Access Persons sharing trading data between sub-advisers or with Access Persons responsible for non-Fund clients. Interactive Advisors has also created a “Restricted List” for Access Persons where personal trading using trading data for sub-advisers is prohibited, unless exempted by the CCO. Interactive Advisors’ Access Persons may not purchase or sell, directly or indirectly, any security which they know at the time of the purchase or sale is being considered for purchase or sale on behalf of any client or Fund Client account or being actively purchased or sold on behalf of any client or Fund Client account. Given the firm’s historical business model, which was limited to implementing transactions in client accounts by tracking the trade activity in Manager Portfolios, Interactive Advisors personnel generally were not considered to know or expected to know that a security is being purchased or sold by a client unless that personnel had access to the firm’s trade blotter or had other knowledge of the firm’s purchases or sales before their implementation in client accounts. But, unlike with third-party Portfolio Manager trades, certain Interactive Advisors personnel (e.g., the Investment Management team) will be managing the Interactive Advisors Portfolios (e.g. Smart Beta, Asset Allocation, Socially Responsible Investing, WisdomTree, and SSGA ETF Portfolios) and are deemed to know (or are likely to know) that a security will be eventually purchased or sold by any clients, who are following that portfolio. In accordance with the provisions of Interactive Advisors’ Code of Ethics, Interactive Advisors’ Access Persons (including Interactive Advisors’ Investment Management team) may not purchase or sell, directly or indirectly, any security which they know at the time of the purchase or sale is being considered for purchase or sale on behalf of any client account or being actively purchased or sold on behalf of any client account. While Interactive Advisors employees are allowed to become Interactive Advisors clients and invest in any Interactive Advisors Portfolios, individuals involved in making investment and trading decisions for the Interactive Advisors Portfolios and placing related trades will be subject to certain black-out periods for trading illiquid stocks or ETFs traded in the Interactive Advisors Portfolios in any personal trading accounts. Access Persons may become clients of Interactive Advisors and invest in any portfolios and, as such, any Interactive Advisors- initiated trades for those Access Persons will be executed alongside and consistent with Interactive Advisors’ management of other clients’ accounts. Interactive Advisors currently aggregates trades initiated by Portfolio Managers and the trades of clients investing in those Managers’ Portfolios and allocates shares purchased or sold at the average price for each trade, so as not to affect any clients favorably or unfavorably. Access Persons may also open brokerage accounts for use by Interactive Informational Brochure - February 3, 2026 37 / 55  Advisors as test accounts. Trades in these accounts are also executed alongside all other Interactive Advisors clients. Interactive Advisors may provide the owners of these test accounts with funding to invest in these accounts. Interactive Advisors Access Persons must acknowledge the terms of the Code of Ethics annually or as amended. Fund Client Investors or clients may contact Interactive Advisors to request a copy of the Firm’s Code of Ethics. Portfolio Managers’ Trading Portfolio Managers may manage accounts outside of Interactive Advisors for other clients and may implement the same trading strategy or decisions in those accounts before they do so in their Interactive Advisors account. This means that there may be situations where Portfolio Managers enter the same trades on behalf of their clients outside of Interactive Advisors before they trade in their Interactive Advisors account (and therefore before the strategy is replicated in Interactive Advisors client accounts). This could result in Interactive Advisors clients getting less favorable pricing terms and performance in their Interactive Advisors account than the Portfolio Manager’s clients get in their non-Interactive Advisors accounts. To minimize the effects of this potential conflict of interest, all Portfolio Managers must agree to report, monitor, and review under their own Code of Ethics provisions trades in the IB account that are co-traded through the Interactive Advisors platform. In the Portfolio Manager License Agreement, Portfolio Managers represent to Interactive Advisors that neither they nor their personnel or affiliated persons will use their knowledge of the timing of the trades in their Interactive Advisors account or the fact that those trades will prompt trades in Interactive Advisors client accounts to trade ahead of Interactive Advisors clients or otherwise improve their position in the ownership of those securities or move their prices. Portfolio Managers must also provide Interactive Advisors with an annual certification that they are not aware of any instances of front-running in connection with trades placed at Interactive Advisors through their Code of Ethics reviews or otherwise. Portfolio Managers agree to promptly notify Interactive Advisors in writing of any instances of front-running trades placed at Interactive Advisors. Non- Registered Portfolio Managers (generally exempt hedge fund managers) will be subject to a limited version of Interactive Advisors’ Code of Ethics and are required to report their personal trading activity to Interactive Advisors. At this time, there are no non-registered Portfolio Managers on the Interactive Advisors platform. At its discretion, Interactive Advisors could randomly check managers’ trading in non-Interactive Advisors-linked accounts following the same strategy as their Interactive Advisors-linked account to detect any instances of trading ahead and/or any indication of improper trading practices and will prominently disclose to clients or prospects any material aspects of the manager’s trading practices. Proprietary Trading for the Management of Interactive Advisors Portfolios Interactive Advisors manages the Interactive Advisors Portfolios by trading in one or more proprietary brokerage account(s) associated with each such portfolio. A conflict of interest thus arises between Interactive Advisors executing trades in that proprietary account with the knowledge that it will be executing similar trades in client accounts investing in that Interactive Advisors Portfolio. Interactive Advisors may have an incentive to provide favored treatment to its proprietary account to the detriment of Interactive Advisors client accounts investing in an Interactive Advisors Portfolio by trading ahead of clients in that proprietary account or taking other actions which favor Interactive Advisors’ proprietary account. By choosing to invest in one or more Interactive Advisors Portfolios, Interactive Advisors clients acknowledge and agree that Interactive Advisors will manage their accounts by replicating trading Interactive Advisors conducts in proprietary accounts funded with its own capital. To mitigate any conflict of interest or risk of trading ahead of its clients presented by Interactive Advisors trading in a proprietary brokerage account in connection with the management of the Interactive Advisors Portfolios, Interactive Advisors has imposed on itself the same protections against potential front-running that it applies to the third-party Portfolio managers whose trading Interactive Advisors mirrors, described in the Investment Management Agreement Interactive Advisors clients sign: ● Combining orders for the sale or purchase of a security by Interactive Advisors with those of Interactive Advisors’ clients that invest in any of the Interactive Advisors Portfolio accounts; ● Placing the combined orders through IB LLC; and ● Allocating the combined trades between Interactive Advisors and client accounts on a pro rata basis (i.e., Interactive Advisors clients and Interactive Advisors receive the same average price per share and share transaction costs pro rata) (a process referred to as “co-trading”). Informational Brochure - February 3, 2026 38 / 55  Agency Cross Transactions IB LLC and Interactive Advisors may only execute trades referred to as “Agency Cross Transactions” if a client has given written consent in advance through the Investment Management Agreement executed with Interactive Advisors. In that agreement, Interactive Advisors clients acknowledge and agree that an Interactive Advisors affiliate (namely, IB LLC) may engage in “Agency Cross Transactions” as defined in Rule 206(3)-2 (17 C.F.R. § 275.206(3)-2) promulgated by the SEC under the Advisers Act, in which an Interactive Advisors affiliate acts as a broker both for an Interactive Advisors client and for the customer on the other side of the transaction. Interactive Advisors clients acknowledge that the Interactive Advisors affiliate may receive commissions from and have a potentially conflicting division of loyalties and responsibilities regarding both parties to such Agency Cross Transactions. Nonetheless, Interactive Advisors clients consent to and authorize IB LLC to engage in such Agency Cross Transactions, and may revoke this consent and authorization at any time by written notice to Interactive Advisors or IB LLC. Compliance with Rule 206(3)-2 requires Interactive Advisors to satisfy the following conditions: 1. Clients must provide written consent in the Client Agreement prospectively authorizing Agency Cross Transactions after full written disclosure that IB LLC, Interactive Advisors’ affiliate, will act as a broker, receive commissions from and have a potentially conflicting division of loyalties and responsibilities regarding both parties to these transactions. Interactive Advisors’ Investment Management Agreement with its clients provides such written disclosure and obtains such written consent from its clients. Specifically, Interactive Advisors clients consent to IB LLC designating their orders to trade: (1) on IB LLC’s Automated Trading System or a public exchange, against the orders of other IB LLC customers, including liquidity providers; (2) through an exchange-operated price improvement facility; or (3) against a third-party liquidity provider that would fill orders (such as orders for less than a full share), which could otherwise not be filled in the open market. These Agency Cross Transactions are reflected and identified in Interactive Advisors clients’ IB LLC activity statements. IB LLC will act as a broker for and receive commissions from both parties to these transactions. 2. Interactive Advisors or IB LLC on behalf of Interactive Advisors must send each client a written confirmation at or before the completion of each transaction that includes (i) a statement of the nature of this transaction, (ii) the date this transaction took place, (iii) an offer to furnish, upon request, the time when this transaction took place, and (iv) the source and amount of any other remuneration received or to be received by Interactive Advisors’ affiliated broker- dealer. This confirmation would take place prior to settlement, but after execution, and a transaction is not complete until the settlement takes place. Interactive Advisors does not receive any compensation from IB LLC. IB LLC will provide these written confirmations of Agency Cross Transactions to Interactive Advisors clients in the trade confirmations and daily activity statements for the accounts, either through IB LLC’s Account Management system or for the simplified robo advisor account type (opened since July 2018) through the Account Management window embedded in the Firm’s dashboard, accompanied by email notice of posting. 3. Interactive Advisors or IB LLC on behalf of Interactive Advisors must send clients an annual statement identifying the total number of Agency Cross Transactions and the total amount of commissions or other remuneration that Interactive Advisors or IB LLC received in connection with these agency-cross transactions since the last summary. IB LLC will provide this information in the annual activity statements for clients’ accounts, provided as noted above. 4. Client consent may be revoked at any time, and all written disclosure statements and confirmations discussed above must include a conspicuous statement that clients’ written consent to these Agency Cross Transactions may be revoked at any time by written notice to Interactive Advisors or IB LLC. Interactive Advisors’ Investment Management Agreement with its clients includes such a conspicuous statement. Trade confirmations and activity statements provided by IB LLC to clients also include such a statement. Fractional Share Transactions Interactive Advisors is able to offer the Interactive Advisors Portfolios and Manager Portfolios and the extensive diversification they are designed to achieve at even relatively small investment amounts by allowing Interactive Advisors clients to trade fractional shares. Because stocks or ETFs cannot be traded in fractions on public exchanges, IB LLC, Interactive Advisors’ affiliated broker-dealer, facilitates trading in these Portfolios by executing all fractional share orders on behalf of Interactive Advisors clients against a liquidity provider who is an IB LLC client. This liquidity provider sells or buys fractional shares that Interactive Advisors clients would not otherwise be able to trade in the open market. These trades occur either at the execution price the liquidity provider gets on the market for shares it sells to Interactive Advisors clients or, if the fractional shares are provided from the provider’s inventory, at the National Best Bid or Offer (“NBBO”) at the time of the order. Informational Brochure - February 3, 2026 39 / 55  Interactive Advisors clients investing in any of the portfolios on the platform consent to IB LLC matching their fractional share buy and sell orders with the liquidity providers willing to trade fractional shares with Interactive Advisors and its clients. Clients may revoke their written consent to such transactions at any time by written notice to Interactive Advisors or IB LLC, as discussed in the Investment Management Agreement. But clients revoking their written consent to these Agency Cross Transactions in fractional shares should note that if they do so they will no longer be able to invest in portfolios on our platform, which rely on fractional share investments. Fractional shares are typically unrecognized and illiquid outside of a client’s advisory account and, as a result, fractional shares may not be marketable or transferrable to another brokerage account. In the event of a liquidation or transfer of assets to another account, Interactive Advisors may convert such fractional shares to cash. As a result, if you want to liquidate any of your investments in your portfolio, you will need to fully redeem your investment in which case IB LLC will sell any fractional shares to the liquidity provider and any whole shares to the market. If you want to transfer portfolio holdings to another brokerage firm, you will first need to sell your fractional shares to the liquidity provider through IB LLC and will incur commissions on all of these trades. Please note that IB LLC cannot facilitate customers voting proxies on fractional share holdings, does not provide a mechanism to make voluntary elections on your fractional holdings, and cannot provide you with any shareholder documentation for any holdings of less than one share. Agency Cross Transactions in IRA Accounts Pursuant to the Department of Labor’s Prohibited Transaction Exemption 86-128, Interactive Advisors started seeking IRA account holders’ written consent for its affiliated broker dealer IB LLC to receive brokerage commissions for effecting or executing securities transactions in their accounts and for acting as a broker for both the IRA account holder and the party on the other side of the transaction and receive reasonable compensation from both parties before allowing clients to invest in any portfolios. Interactive Advisors will give IRA account holders the opportunity to revoke their authorization on an annual basis, but IRA account holders may also terminate their authorization at any time by calling 1-866-825-3005 or emailing us at clientservices@interactiveadvisors.com. IRA account holders also receive certain information about IB LLC’s commissions revenue and portfolio turnover in their quarterly and annual activity statements provided by IB LLC, as required under the above-mentioned Prohibited Transaction Exemption 86-128. Principal Transactions Neither Interactive Advisors nor any of its Affiliates will engage in any principal transactions with Interactive Advisors clients or Fund Clients. IB LLC will not knowingly designate client or Fund Client orders to trade with the orders of Interactive Advisors’ Affiliates engaged in proprietary trading. This may affect the timing, price, and quantity of the execution received. Please note that certain Interactive Advisors Affiliates, including Interactive Advisors employees, officers and directors, and employees of the Interactive Brokers Group Inc., invest with and are clients of Interactive Advisors. Because Agency Cross Transactions between Interactive Advisors Affiliates and other Interactive Advisors clients or Fund Clients could be deemed principal transactions, Interactive Advisors will set up a process designed to prevent Interactive Advisors Affiliates from trading with any other Interactive Advisors clients or Fund Clients, both internally and on the open market. Interactive Advisors does not allow trading between Interactive Advisors client accounts internally at IB LLC. Item 12: Brokerage Practices Affiliated Brokerage Interactive Advisors uses its affiliated broker dealer IB LLC for all trading in its portfolios. Clients must open a brokerage account with IB LLC if they want to invest in one of the portfolios offered by Interactive Advisors. All brokerage commissions and/or transaction fees charged by IB LLC are exclusive of and in addition to Interactive Advisors’ management fees. All brokerage transactions under the Investment Management Agreement will occur through IB LLC, Interactive Advisors’ affiliated broker-dealer. The use of an affiliate for brokerage services represents a conflict of interest. Due to technical and best execution considerations, Interactive Advisors is only utilizing the brokerage services of IB LLC, a related party. Interactive Advisors does not accept clients who direct the use of other brokers. Interactive Advisors thus directs all of the Managers and clients on its platform to establish brokerage and custodial relationships with IB LLC. In the Investment Management Agreement, Interactive Advisors clients appoint IB LLC as the broker and custodian for the assets in their accounts and direct Interactive Advisors to execute all trading in their Interactive Advisors accounts through IB LLC, and acknowledge the conflict of interest in this brokerage arrangement. In the Investment Management Agreement, clients also acknowledge that the appointment of IB LLC as the sole broker for their account Informational Brochure - February 3, 2026 40 / 55  may result in disadvantages to them, i.e., less favorable executions (e.g., higher commissions, greater spreads, or less favorable net prices) than may be available through the use of a different broker-dealer. Both Interactive Advisors clients and Interactive Advisors Portfolio Managers pay IB LLC commissions for the trades in their Interactive Advisors accounts, which represents a conflict of interest. Interactive Advisors does not directly receive any of the brokerage revenue generated by IB LLC from Managers or clients trading through Interactive Advisors. But Interactive Advisors is supported financially by IBG LLC, the parent company of both Interactive Advisors and IB LLC, and IBG LLC’s revenues primarily stem from its brokerage operations. All Interactive Advisors trades are affected on an agency basis. When selecting IB LLC as a broker dealer, Interactive Advisors did not consider whether Interactive Advisors or a related party receives client referrals from that broker-dealer. Interactive Advisors has evaluated the brokerage services and cost of IB LLC and believes that IB will provide Interactive Advisors clients with a blend of execution services, commissions costs, financial strength and reputation, trading platform, responsiveness to clients’ execution needs, block trading capabilities, accuracy of trades and trade confirmations, and professionalism that fulfills Interactive Advisors’ best execution requirement for client transactions. While Interactive Advisors has a reasonable belief that IB LLC is able to obtain best execution and competitive prices, Interactive Advisors will not independently seek best execution price capability through other broker dealers. Interactive Advisors periodically undertakes Trade Cost Analysis (“TCA”) of trades in client accounts to confirm the quality of IB LLC’s brokerage execution services. The commissions paid by Interactive Advisors’ clients shall comply with Interactive Advisors’ duty to obtain “best execution.” Interactive Advisors shall periodically and systematically review its policies and procedures regarding recommending IB LLC as a broker dealer to its clients in light of its duty to obtain best execution. While we reasonably believe the use of IB LLC is in its clients’ best interests and allows for more effective investments, clients should be aware and understand the use of IB LLC may prevent Interactive Advisors from negotiating brokerage commissions and other charges on clients’ behalf. This practice may also prevent Interactive Advisors from obtaining best execution of some or all of clients’ orders. As a result, the use of affiliated brokerage could result in higher commissions, greater spreads, or less favorable net prices than would be the case if Interactive Advisors were able to select other broker- dealers to execute transactions. Additionally, clients and Fund Client Investors should be aware that a significant shareholder of Interactive Brokers Group, Inc. is a significant client of Interactive Advisors through investments in the Smart Beta Portfolios and the Multi-Manager Funds. Although this client does not receive any preferential treatment by comparison to other Interactive Advisors clients or Fund Client Investors, his investments represent the majority of the assets under management at this time in the Smart Beta Portfolios and the Multi-Manager Funds. This client relationship presents a conflict of interest as Interactive Advisors has an incentive to favor this client over any other of its clients. . Commissions Charged by IB LLC In the summer of 2021, Interactive Advisors elected to have all of its clients’ brokerage accounts at IB LLC operate under the zero-commission “IBKR-LITE” fee model. IBKR-LITE clients are charged zero commission for US exchange- listed stock and ETF trades. IBKR-LITE orders for NMS stocks are generally routed to select over-the-counter market-makers (“Market Makers”) for handling. IB LLC’s agreements with the Market Makers provide IB LLC with payment for order flow (“PFOF”) from each Market Maker for trades executed with that Market Maker. IB LLC may also route IBKR-LITE orders to another broker, ATS, or exchange (each an “Away Route”), in which case it may collect PFOF for trades executed at or through that Away Route. Although IB LLC’s receipt of PFOF may reduce the amount of price improvement that client accounts obtain on their stock and ETF trades (as compared to the price improvement available under IBKR’s IBKR-PRO fee model), Interactive Advisors believes that the amount that clients save by avoiding commissions (as compared to IBKR-PRO) generally more than compensates for any loss to IBKR-Lite clients for such products. For more IBKR-Lite clients are charged no brokerage account activity fees and no market data fees for US exchange-traded stocks and ETFs, but they may incur non-commission related fees such as market data fees for other products, service fees such as wire transfer fees, and fees to cover regulatory fees incurred by IB LLC when clients sell stocks. These fees are not intended to be a direct pass-through of exchange and third-party fees. Costs passed on to IBKR-Lite clients may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For products not entitled to zero-commission trading under IBKR Lite, the same commission structure will apply to both IBKR-Lite and IBKR-Pro. Where applicable, a “Fixed” commission model will apply information, see ibkr.com/commissions The operation of the IBKR-LITE service for Interactive Advisors clients constitutes a conflict of interest in light of the corporate affiliation between the two entities and the fact that the payments IBKR will receive from Market Makers and Away Routes on Interactive Advisors client orders will benefit the parent company of both entities and thus Interactive Advisors Informational Brochure - February 3, 2026 41 / 55  indirectly and the fact that IBKR-LITE executions may end up bringing clients less price improvement than IBKR-PRO executions even after accounting for the commissions savings. This conflict of interest is disclosed to and acknowledged by Interactive Advisors clients at account opening through the provision of this disclosure. This conflict is mitigated by periodically confirming that IBKR-LITE executions are in line with IBKR-PRO executions after accounting for the commissions savings. Interactive Advisors believes the benefits clients will receive from IBKR-LITE commission structure including zero-commission NMS stocks trades and fixed-rate commission US equity options trades outweigh the conflict of interest. Any information Interactive Advisors provides to clients about the possibility and benefits of a brokerage account upgrade is provided by IB LLC and furnished to clients as a courtesy. This information should not be construed as a recommendation by Interactive Advisors to upgrade to a full IB LLC brokerage account, to trade in any particular way, or to trade on margin. The Fund Clients’ IB LLC brokerage account(s) utilize the IBKR-PRO fee model. IB LLC charges commissions and fees to the Fund Clients on terms that are generally available on an arm’s-length basis to unrelated third parties. Commissions and Tax Burdens Associated with the Rebalancing of the Interactive Advisors-Managed Smart Beta Portfolios and Index Tracking Portfolios Interactive Advisors rebalances these two Interactive Advisors Portfolio lines quarterly. Due to large number of holdings in these portfolios, quarterly rebalancing of the Smart Beta and Index Tracking portfolios and client investments and divestments could result in a large number of quarterly transactions in many or all of the securities, in which the Smart Beta and/or Index Tracking portfolios and client accounts are invested. A higher turnover rate could result in higher turnover taxes when held in a taxable account. The additional costs associated with higher portfolio turnover will affect the performance of client accounts investing in these portfolios. Clients will need to report some (or all) of these trades on their tax forms. Interactive Advisors cannot provide tax advice or prepare tax documents for clients. Clients should consult an accountant or tax attorney to determine the tax-related obligations associated with investing in these portfolios. IB LLC provides certain tools to assist its brokerage clients with their tax filings, but these tools may only be able to support a limited number of trades. Soft Dollar Arrangements An investment adviser receives soft dollar benefits from a broker-dealer when the investment adviser receives research or other products and services in exchange for client securities transactions or maintaining an account balance with the broker- dealer. We do not have a soft dollar agreement with IB LLC or a third-party. But we do receive benefits other than execution services by using IB LLC as our custodian and executing broker, including but not limited to services that help us manage and administer client accounts such as: software and technology systems that allow us to manage client data, execute trades, get market and pricing information, process advisory fees, recordkeeping and client reporting. Although the receipt of these benefits is a potential conflict of interest, we believe these benefits are typical for the industry. Generally, our selection of IB LLC is primarily supported by the scope, quality and pricing of IB LLC’s services. These benefits outside of execution are general benefits used to help service all of our client accounts and are not allocated pro rata to certain client accounts. In the event that Interactive Advisors determines to use soft dollars with respect to the Fund Clients, it will only do so in compliance with the safe harbor provided by Section 28(e) of the Exchange Act and subject to prevailing guidance provided by the SEC regarding Section 28(e). Trade Aggregation Trade orders placed by Portfolio Managers or Interactive Advisors will normally be aggregated with clients orders, which facilitates best execution. We note however that trades may not be aggregated if client restrictions prevent us from doing so. Trade Allocation We attempt to allocate investment opportunities on a pro-rata basis among eligible accounts based on the originally planned allocation. Both the Portfolio and the client will receive the average price for each trade. However, in certain situations, it may not be equitable to allocate on a pro-rata basis (e.g. round lots or size restrictions on the allocation). The trading systems used by IB LLC automatically allocate trades on a pro-rata basis (with respect to the market imposed round lot requirements). Timelines We will ensure that transactions are promptly and fairly allocated between the Portfolio Manager or Interactive Advisors, on the one hand, and clients, on the other hand, at the average price. Informational Brochure - February 3, 2026 42 / 55  Small adjustment trades to minimize performance drift in Portfolios To ensure that Interactive Advisors is able to better track trading activity in Manager or Interactive Advisors Portfolios, clients authorize Interactive Advisors to make adjustment trades that Interactive Advisors in its discretion determines will help a client account mirror the Portfolio(s) in which the client invests. Clients understand and acknowledge that these adjustments may require small buy or sell trades in their accounts, which they authorize Interactive Advisors to effect without the clients’ specific advance approval or authorization. Clients also understand that they will incur additional transaction costs, including commissions, in connection with these small adjustments. A conflict of interest arises in connection with these adjustments because IB LLC, Interactive Advisors’ affiliated broker-dealer, collects commissions on these trades. Clients acknowledge this conflict of interest and authorize Interactive Advisors to effect these adjustment trades in the Investment Management Agreement they enter into with Interactive Advisors. Best Execution Regardless of how transactions are executed, Interactive Advisors strives to ensure IB LLC obtains best execution of client and Fund Client trades whenever possible. Item 13: Review of Accounts Interactive Advisors will periodically contact clients to review its previous services or investment recommendations to them and to discuss the impact resulting from any intervening changes in clients’ financial situation or investment needs. Investment activity in all client accounts may be monitored periodically by the Chief Investment Officer for potential conflicts with the client’s stated investment objectives and risk tolerances, namely in the areas of liquidity, risk exposure, and investment strategy and trade activity associated with investments. Interactive Advisors reevaluates the risk scores assigned to Portfolio Manager strategies (at least annually) and prompts clients to review their answers to the risk assessment questionnaire and previously specified investment restrictions (at least quarterly) to ensure clients are invested in strategies suitable for their risk appetite and ability to withstand investment losses. Annually, Interactive Advisors will contact clients to determine whether there have been any changes in their financial situation or investment objectives warranting a revision of their prior answers to the risk assessment questionnaire and whether clients want to impose new or revise existing restrictions on the trading in their accounts. Interactive Advisors’ client service representatives are also available to discuss and explain investment decisions made for their Interactive Advisors Portfolio investments and may be contacted by telephone at 1-866-825-3005 and by email at support@interactiveadvisors.com. Interactive Advisors clients are and remain responsible at all times for advising Interactive Advisors of any changes in their financial situation, investment objectives, risk tolerance and investment restrictions. Clients who have experienced material changes to their financial circumstances or investment objectives, or wish to impose initial or modify existing ticker or reasonable restrictions upon Interactive Advisors’ management services, or make any other changes to the management of their assets should promptly update their information and responses to the risk assessment questionnaire on the Interactive Advisors website or contact one of our client services representatives to inform them of any intervening changes. individual, password-protected, login credentials to its website, Interactive Advisors provides clients with https://interactiveadvisors.com/ where clients have direct access to their secure, private account detail pages, where they can revise their investment objectives and their answers to the risk assessment questionnaire, view their account holdings, daily account activity and performance, and access their monthly Portfolio reports detailing performance and risk exposure. Clients are urged to periodically compare activity statements prepared by Interactive Advisors and quarterly account statements and transaction confirmations provided by IB LLC with regard to activity, holdings and valuations in their Interactive Advisors account. Clients should immediately inform Interactive Advisors of any discrepancies they detect between Interactive Advisors and IB LLC account statements. Fund Clients Each Third-Party Sub-Advisor will be required to manage their Sub-Account in parallel with their Flagship Fund. Interactive Advisors will establish processes and procedures to monitor Third-Party Sub-Advisors’ parallel management of their Flagship Funds and Sub-Accounts and will address material discrepancies. Informational Brochure - February 3, 2026 43 / 55  Item 14: Client Referrals and Other Compensation Solicitations and Referrals Interactive Advisors does not receive compensation or other economic benefits from persons other than clients or Fund Clients for providing investment advice or advisory services to its clients or Fund Clients. Interactive Advisors does not currently use solicitors to refer advisory clients to the Firm and does not compensate a third-party for client referrals. IB LLC, and its international affiliates (in their capacities as placement agents for the Fund Clients, the “Placement Agents”), will act as the sole placement agents for the Fund Clients to assist in the placement of interests in the Fund Clients. The relationship between Interactive Advisors and the Placement Agents presents such persons with a potential conflict of interest in marketing such investment. Prospective investors in the Fund Clients should take the relationship between Interactive Advisors and the Placement Agents into account when considering an investment in a Fund Client. Placement Agent representatives involved in the marketing and placement of investments in the Fund Clients are not acting as tax, financial, legal or accounting advisors to potential investors in connection with the offering of the Interests. Potential investors in the Fund Clients must independently evaluate the offering and make their own investment decisions. Portfolio Manager Compensation Interactive Advisors compensates each Portfolio Managers with a portion of the Management Fee(s) charged to clients for their investments in the specific Manager Portfolio. Occasionally, Interactive Advisors clients may have initially heard about Interactive Advisors from one of the Portfolio Managers on the platform, but Interactive Advisors will not compensate Portfolio Managers for any client referrals. Item 15: Custody Recommended Custodian and Clearing Services Interactive Advisors recommends that clients utilize the brokerage and clearing services of IB LLC. Interactive Advisors only implements its investment management services after the client has arranged for and furnished Interactive Advisors with all information and authorization regarding the opening of a brokerage account with IB LLC, a related party of Interactive Advisors. Interactive Advisors likely has custody of client funds and securities by virtue of its affiliation with IB LLC, the qualified custodian for client funds and securities, and also in light of certain provisions in the brokerage agreement that clients enter into with IB LLC for the simplified robo advisor account type launched in July 2018. In accordance with the SEC’s Custody Rule and in recognition of the corporate relation between Interactive Advisors and IB LLC, the qualified custodian of its clients’ assets, since 2015, Interactive Advisors has engaged an independent public accountant to conduct an annual, independent surprise audit of client funds and securities. IB LLC sends quarterly account statements directly to Interactive Advisors clients identifying the amount of funds and securities in their account(s) at the end of the period and setting forth all transactions in the account(s) during that period, including but not limited to any fees charged by Interactive Advisors. Clients should contact IB LLC or Interactive Advisors immediately if they do not receive account statements from IB LLC on at least a quarterly basis. Interactive Advisors clients should carefully review those statements to ensure that they accurately reflect the transactions in their Interactive Advisors account(s). Interactive Advisors may also separately provide account updates to its clients. Clients should carefully compare the account updates they receive from Interactive Advisors with the account statements they receive from IB LLC, the qualified custodian. The account statements received from IB LLC are the official custodial records for Interactive Advisors client accounts. The reports provided by Interactive Advisors are not statements but simply tools clients should use in evaluating the performance of their investments and are not intended to replace the statements received from the custodian of assets, IB LLC. If clients discover any discrepancy between the account statements provided by Interactive Advisors and those provided by IB LLC, then they should contact Interactive Advisors immediately. Fund Clients IB LLC, a “qualified custodian” as such term is defined in the Custody Rule, will be the custodian of the Fund Clients’ funds and securities. Interactive Advisors will be deemed to have custody of Fund Client funds and securities because it will have the authority to obtain Fund Client funds or Securities, for example, by deducting advisory fees from a Fund Client’s account or otherwise withdrawing funds from a Fund Client’s account. Informational Brochure - February 3, 2026 44 / 55  Interactive Advisors will comply with the Custody Rule in accordance with the so-called “Pooled Vehicle Annual Audit Exception”, which, among other things, requires that each Fund Client be subject to audit at least annually by an independent public accountant that is registered with, and subject to regular inspection by, the Public Company Accounting Oversight Board, and requires that each Fund Client distribute its audited financial statements to all investors within 120 days of the end of its Fiscal Year. Item 16: Investment Discretion As authorized in the Interactive Advisors Client Agreement, Interactive Advisors assumes discretionary authority over client assets placed with Interactive Advisors for management. This is done via a power of attorney granting Interactive Advisors the ability to initiate financial transactions and trades on behalf of its clients, in order to execute trades in Portfolios clients invest in. This grant of investment discretion allows Interactive Advisors to place trades in client accounts without contacting clients before each trade. In all cases, however, Interactive Advisors’ discretion will be exercised in a manner consistent with the investment objectives, risk tolerance, and risk score for the particular client account. Clients maintain authority to revise their answers to the risk assessment questionnaire, change their investment status, and may place restrictions on the securities to be bought or sold for their account. No self-directed trading available Clients should understand that the Interactive Advisors platform is a discretionary investment advisory program and not a self- directed brokerage service. Unlike in a self-directed brokerage account, in their Interactive Advisors accounts clients cannot enter individual buy and sell orders for specific securities to be executed at particular times. In accordance with the discretionary trading authority granted Interactive Advisors by clients, once a client selects a Manager or an Interactive Advisors Portfolio to invest in, the client may not alter the Portfolio or the trades in his account that is invested in that Portfolio, except to restrict the trading of specific tickers or securities in his account. Clients may terminate their investment in a Portfolio at any time and invest in another Portfolio available on the Interactive Advisors platform or choose not to invest in any Portfolio. If a client wants to control the specific time and securities to be bought and sold in his account, he should not use Interactive Advisors’ services or should execute separate self-directed trades in a separate partition of the client’s IB LLC brokerage account or another brokerage account at IB LLC or elsewhere. Interactive Advisors clients may restrict the tickers or securities traded in their account at any time and Interactive Advisors will honor these restrictions when mirroring the trading in portfolios clients choose to invest in if such restrictions are received in a timely fashion before Interactive Advisors places trades in client accounts. Clients should understand that imposing restrictions on future investments and selling any existing holdings in a portfolio affect the performance of a client’s account negatively or positively and lead to that account performing differently and possibly worse than the Manager or Interactive Advisors account trading that portfolio or other client accounts invested in the same portfolio. Clients also understand and acknowledge that they are responsible for informing the Firm if they do not want to sell existing holdings in a security they decide to restrict and implement the security restriction only prospectively. In the absence of such notice from clients, the Firm will implement any security restriction by both selling existing holdings in that security and refraining from trading in that security in the future, if and until the client decides to lift that restriction. Fund Clients Interactive Advisors will execute an Investment Management Agreement with each Fund Client. Interactive Advisors’ investment decisions and advice with respect to each Fund Client are subject to each Fund Client’s investment objectives and guidelines, as set forth in each Fund Client’s offering documents. Item 17: Voting Client Securities Interactive Advisors obtains authority from its clients to receive proxy materials and vote client proxies, and has adopted proxy voting policies and procedures designed to ensure that it votes proxies in the best interest of its clients and that it provides clients with information about how their proxies are voted. In light of its fiduciary duty to clients, the complexity of the issues that may be raised with proxy votes and the relatively large number of unique holdings that clients may hold in their accounts as a result of investments in portfolios on the platform, Interactive Advisors has retained Institutional Shareholder Services Inc. (“ISS”) to vote proxies on its behalf. ISS is an independent third party that specializes in providing a variety of fiduciary- level proxy-related services to institutional investment managers and investment advisors. The services provided by ISS to Interactive Advisors include in-depth research, voting recommendations, vote execution and recordkeeping. ISS’s Proxy Voting Guidelines (Benchmark Policy Recommendations) for the United States guiding ISS’s proxy voting on Interactive Advisors’ behalf are available on the ISS website: https://www.issgovernance.com/policy-gateway/voting-policies/ At times, Interactive Advisors and/or ISS may not be able to vote proxies on behalf of clients when clients’ holdings are in countries Informational Brochure - February 3, 2026 45 / 55  that restrict trading activity around proxy votes or the securities are otherwise restricted. Also, Interactive Advisors will not be responsible or liable for failing to vote on any proxies where it has not received the proxies or related shareholder communications on a timely basis. Interactive Advisors will use its best judgment to vote proxies in the best interests of its clients and will typically follow the recommendations of ISS. In the event that Interactive Advisors decides to vote a proxy (or a particular proposal within a proxy) in a manner different from the ISS recommendation, Interactive Advisors will document the reasons supporting the decision. In the event that Interactive Advisors intends to deviate from the proxy voting recommendation of ISS and a conflict of interest is present, Interactive Advisors shall bring the proxy voting issue to the attention of affected clients for guidance on how to vote the proxy while disclosing the conflict. Clients may obtain a copy of Interactive Advisors’ Proxy Voting Policies and Procedures and information about how client proxies were voted by calling us at 1-866-825-3005 or emailing us at clientservices@interactiveadvisors.com. The ISS platform Interactive Advisors uses to vote proxies on its clients’ behalf uses pre-populated vote features. Interactive Advisors will periodically sample pre-populated votes. When Interactive Advisors becomes aware that an issuer intends to file or has filed additional soliciting materials with the SEC that would reasonably be expected to affect its vote, in advance of the submission deadline, the Firm will promptly review these additional materials and decide if Interactive Advisors is to adhere to ISS’s recommendation(s). Notwithstanding, if Interactive Advisors believes ISS’s proxy recommendations will generally serve the best economic interests of its clients, Interactive Advisors will vote in accordance with ISS’s recommendations. However, if additional soliciting materials are made available to Interactive Advisors seven (7) business days prior to the submission deadline by U.S. issuers or fourteen (14) business days by non-U.S. issuers, the Proxy Administrator is not required to review these materials or take any action. Under ISS’s current processes, in the event new material public information becomes available or if ISS finds that a report contains a material error, ISS promptly issues a Proxy Alert (“Alert”) to inform its clients including Interactive Advisors of any corrections and, if necessary, any resulting changes in the vote recommendations. Alerts are distributed to ISS’ investor clients through the Proxy Exchange platform used to distribute the regular research and voting recommendations. This ensures that the Firm, if it received an original report, will also receive the related Alert, which is attached to the relevant original company meeting report. Even if the Firm has cast its vote before receiving an Alert, the Firm may cancel and change its vote at any time before the meeting cut-off date, if it determines that such a change is warranted by the new information. ISS is currently evaluating client needs as it relates to future reporting, alerting, and on-screen signals to indicate the availability of issuer feedback. Historically, issuers have rarely issued information requiring ISS to issue an update warranting an alert to shareholders. Interactive Advisors will neither advise nor act on behalf of any client in legal proceedings involving companies whose securities are held or were previously held in the client’s account, including but not limited to, the filing of “Proofs of Claim” in class action settlements. Fund Clients The Multi-Manager Funds’ proxy voting policy is that each Third-Party Sub-Advisor will vote on behalf of its Sub-Account all proxy proposals, amendments, consents or resolutions (collectively, “Proxies”), in accordance with its own proxy voting policies and procedures and in parallel with its Flagship Fund; provided that such Third-Party Sub-Advisor will comply as promptly as practicable with any instructions as to the handling of such matters received from Interactive Advisors. Generally, investors in the Fund Clients may not direct a Third-Party Sub-Advisor’s vote in a particular solicitation. Item 18: Financial Information Interactive Advisors does not require or solicit the prepayment of its advisory fees, and does not have any adverse financial condition or financial commitment that is reasonably likely to impair its ability to meet contractual and fiduciary commitments to clients and Fund Clients. Interactive Advisors has never been the subject of a bankruptcy proceeding. Interactive Advisors is not self-sustaining through its advisory fee revenue alone, and is financially supported by its ultimate parent IBG LLC, through periodic capital contributions and unsecured loans. Clients may obtain information about the financial condition of Interactive Brokers Group, Inc. by visiting the Group’s website at https://investors.interactivebrokers.com/ir/main.php and https://www.interactivebrokers.com/en/index.php?f=559 Item 19: Requirements for State-Registered Advisers Because our principal place of business is outside the U.S., in the United Kingdom, and we are an investment adviser registered with the SEC, Interactive Advisors is not required to register with the individual states. Interactive Advisors qualifies to register Informational Brochure - February 3, 2026 46 / 55  directly with the U.S. Securities and Exchange Commission. However, Interactive Advisors makes notice filings in states that require such notice under state “Blue Sky” laws. Informational Brochure - February 3, 2026 47 / 55  This brochure supplement provides information about John Dahlstrom that supplements Interactive Advisors’ brochure. You should have received a copy of that brochure. Please contact us at 1-866-825-3005 if you did not receive Interactive Advisors’ brochure or if you have any questions about the contents of this supplement. Additional information about John Dahlstrom is available on the SEC’s website at www.adviserinfo.sec.gov. Part 2B: Brochure Supplement - John Dahlstrom Covestor Limited doing business as “Interactive Advisors”, “Interactive Advisers,” “Interactive Brokers Asset Management”, “IB Asset Management”, and “IBKR Asset Management” Boston Office: 100 Summer Street Floor 16 - Interactive Advisors Boston, MA 02110 866-825-3005 x 716 London Office: Floor 12, 20 Fenchurch Street London EC3M 3BY United Kingdom +44 (203) 787-9250 Website: https://interactiveadvisors.com February 3, 2026 Informational Brochure - February 3, 2026 48 / 55  John Dahlstrom, Director, Manager/Client Relations Born 1982 Educational Background Suffolk University, 09/2000 to 05/2004, B.A. – Finance Business Experience Covestor doing business as Interactive Advisors, Client Adviser, 07/2015 – present NGAM - Investment Consultant - 03/2011 - 07/2015 MSSB - Client Service Associate - 06/2003 - 02/2011 Professional Certifications FINRA Series 7, 63 and 66. John is supervised by Sanjoy Ghosh, Chief Investment Officer. He reviews John’s work on an ongoing basis along with John’s activities through our investment management systems. All inquiries should be directed to Sanjoy Ghosh at 866-325-3005 x 702. Disciplinary Information None Other Business Activities None Additional Compensation None Informational Brochure - February 3, 2026 49 / 55  This brochure supplement provides information about Jennifer Mitton that supplements Interactive Advisors’ brochure. You should have received a copy of that brochure. Please contact us at 1-866-825-3005 if you did not receive Interactive Advisors’ brochure or if you have any questions about the contents of this supplement. Additional information about Jennifer Mitton is available on the SEC’s website at www.adviserinfo.sec.gov. Part 2B: Brochure Supplement - Jennifer Mitton Covestor Limited doing business as “Interactive Advisors”, “Interactive Advisers,” “Interactive Brokers Asset Management”, “IB Asset Management”, and “IBKR Asset Management” Boston Office: 100 Summer Street Floor 16 - Interactive Advisors Boston, MA 02110 866-825-3005 x 713 London Office: Floor 12, 20 Fenchurch Street London EC3M 3BY United Kingdom +44 (203) 787-9250 Website: https://interactiveadvisors.com February 3, 2026 Informational Brochure - February 3, 2026 50 / 55  Jennifer Mitton, Director, Investor Relations Born 1988 Educational Background Bates College, Boston, BA, Psychology, 2007 - 2011 Harvard Extension School, Masters of Finance, 2013 - 2016 Business Experience Covestor doing business as Interactive Advisors, Investor Relations, 03/2020 – present Loomis Sayles - Portfolio Analyst - 06/2018 - 02/2020 Harbourvest Partners - Portfolio Data Analyst - 05/2016 - 06/2018 Advantage Data - Fixed Income Analyst - 12/2014 - 05/201 Professional Certifications FINRA Series 65 Jennifer is supervised by Sanjoy Ghosh, Chief Investment Officer. He reviews Jennifer’s work on an ongoing basis along with Jennifer’s activities through our investment management systems. All inquiries should be directed to Sanjoy Ghosh at 1- 866-825-3005 x 702. Disciplinary Information None Other Business Activities None Additional Compensation None Informational Brochure - February 3, 2026 51 / 55  This brochure supplement provides information about Sanjoy Ghosh that supplements Interactive Advisors’ brochure. You should have received a copy of that brochure. Please contact us at 1-866-825-3005 if you did not receive Interactive Advisors’ brochure or if you have any questions about the contents of this supplement. Additional information about Sanjoy Ghosh is available on the SEC’s website at www.adviserinfo.sec.gov. Part 2B: Brochure Supplement - Sanjoy Ghosh Covestor Limited doing business as “Interactive Advisors”, “Interactive Advisers,” “Interactive Brokers Asset Management”, “IB Asset Management”, and “IBKR Asset Management” Boston Office: 100 Summer Street Floor 16 - Interactive Advisors Boston, MA 02110 866-825-3005 x 702 London Office: Floor 12, 20 Fenchurch Street London EC3M 3BY United Kingdom +44 (203) 787-9250 Website: https://interactiveadvisors.com February 3, 2026 Informational Brochure - February 3, 2026 52 / 55  Sanjoy Ghosh, Chief Investment Officer Born 1973 Educational Background Colgate University, B.A., Economics and Math, 1992 - 1996 Wharton, University of Pennsylvania, M.A, and Ph.D, Finance, 1996 - 2000 Business Experience Covestor Ltd doing business as Interactive Advisors, Chief Investment Officer, 05/2013 – Present Panagora Asset Management, Director, Equities, 7/2004 - 4/2013 Professional Certifications FINRA Series 65 Disciplinary Information None Other Business Activities None Additional Compensation None Informational Brochure - February 3, 2026 53 / 55  This brochure supplement provides information about Bimal Shah that supplements Interactive Advisers’ brochure. You should have received a copy of that brochure. Please contact us at 1-866-825-3005 if you did not receive Interactive Advisors’ brochure or if you have any questions about the contents of this supplement. Additional information about Bimal Shah is available on the SEC’s website at www.adviserinfo.sec.gov. Part 2B: Brochure Supplement - Bimal Shah Covestor Limited doing business as “Interactive Advisors”, “Interactive Advisers,” “Interactive Brokers Asset Management”, “IB Asset Management”, and “IBKR Asset Management” London Office: Floor 12, 20 Fenchurch Street London EC3M 3BY United Kingdom +44 (203) 787-9250 Boston Office: 100 Summer Street Floor 16 - Interactive Advisors Boston, MA 02110 866-825-3005 Website: https://interactiveadvisors.com February 3, 2026 Informational Brochure - February 3, 2026 54 / 55  Bimal Shah, Chief Technology Officer Born 1969 Educational Background King’s College, University of London, B.Sc. (1st Hons.), Physics and Computer Science, 1986 - 1989 Queen Mary University of London, M.Sc. (Distinction), Computer Science, 1989 - 1990 Business Experience Covestor Ltd doing business as Interactive Advisors, Chief Technology Officer, 09/2008 – Present Betfair, Engineering and Product Manager, 04/2005 - 08/2008 Thinkingcap Technology, Founder, 01/1999 - 03/2005 D.E.Shaw & Co., Group Manager and Architect, Financial Data, 10/1996 - 12/1998 Accenture, Consultant and Manager, 01/1991 - 09/1996 Disciplinary Information None Other Business Activities None Additional Compensation None Informational Brochure - February 3, 2026 55 / 55