NATURAL INVESTMENTS

Disclosure Brochure with Supplement 2B February 2026 Natural Investments PBLLC POB 7775 #43366 San Francisco, CA 94120-7775 707-758-0171 www.naturalinvestments.com This Brochure provides information about the qualifications and business practices of Natural In- vestments PBLLC. If you have any questions about the contents of this Brochure, please contact Chief Compliance Officer Christopher Peck at 707-758-0171. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Natural Investments PBLLC is also available on the SEC’s website at www.adviserinfo.sec.gov. Natural Investments’ SEC file number is 801-63874. A copy of this Brochure may be requested by contacting our Chief Compliance Officer Christopher Peck at 707-758-0171. If you received this Brochure but did not receive the 2B Supplement, please contact the CCO.  2. Material Changes The last annual update of the Natural Investments’ Brochure was in February 2025. Since the last update of this Disclosure Brochure Natural Investments has not made any material changes. The information regarding the investment advisor representatives of Natural Investments is included in the Disclosure Brochure 2B Supplement. If you received this Brochure but did not receive the 2B Supplement, please contact the CCO. 3. Table of Contents Disclosure Brochure with Supplement 2B ................................................................................................... 1 2. Material Changes ..................................................................................................................................... 2 3. Table of Contents ..................................................................................................................................... 2 4. Advisory Business .................................................................................................................................... 5 5. Fees and Compensation ........................................................................................................................... 7 6. Performance-Based Fees and Side-By-Side Management ...................................................................... 11 7. Types of Clients ..................................................................................................................................... 11 8. Methods of Analysis, Investment Strategies and Risk of Loss ................................................................ 11 9. Disciplinary Information ....................................................................................................................... 14 10. Other Financial Industry Activities and Affiliations ............................................................................. 14 11. Code of Ethics, Participation or Interest in Client Transactions, Personal Trading ............................. 15 12. Brokerage Practices ............................................................................................................................. 16 13. Review of Accounts ............................................................................................................................. 18 14. Client Referrals and Other Compensation ........................................................................................... 18 15. Custody ................................................................................................................................................ 19 16. Investment Discretion ......................................................................................................................... 19 17. Voting Client Securities ....................................................................................................................... 19 18. Financial Information .......................................................................................................................... 20 Privacy, Security, and Confidentiality Statement of Policy ........................................................................ 20 Natural Investments Disclosure Brochure with Supplement 2B February 2026 2  Supplement 2B Investment Advisory Representatives of Natural Investments .......................................... 23 Amy D. Pender, CFP® ........................................................................................................................... 23 Andy R. Loving, CFP® ........................................................................................................................... 24 Brittany Damico, MSc., CSRIC® ........................................................................................................... 25 Carrie B. VanWinkle, CFP®, CeFT® ...................................................................................................... 26 Christopher Peck, Chief Compliance Officer, Manager ........................................................................ 27 Dan Carreno, CIMA®, CSRIC® ............................................................................................................. 28 Diana Gisel Yáñez, CFP® ...................................................................................................................... 29 Evan Quirk-Garvan ................................................................................................................................ 30 Greg Pitts ............................................................................................................................................... 30 Hal Brill ................................................................................................................................................. 31 Isaac Goldowitz ..................................................................................................................................... 32 James Frazier, CFP® .............................................................................................................................. 33 Jamonica Brown .................................................................................................................................... 34 Joel Koerner ........................................................................................................................................... 35 Kate Poole .............................................................................................................................................. 36 Kirbie Crowe, CFP®, AIF® .................................................................................................................... 37 Kulu Maphalala ...................................................................................................................................... 38 Malaika Maphalala, CPWA® ................................................................................................................. 39 Maria Koerner ........................................................................................................................................ 40 Michael Kramer, Manager ..................................................................................................................... 41 Nicole Middleton Holloway, CFP® ....................................................................................................... 42 Ryan Jones-Casey, CFP®, AIF®, MBA ................................................................................................... 43 Sylvia Panek ........................................................................................................................................... 44 Tiffany Ann Brown ................................................................................................................................. 45 Professional Certifications ..................................................................................................................... 46 Natural Investments Disclosure Brochure with Supplement 2B February 2026 4  This narrative brochure provides clients with information regarding Natural Investments (NI) and the qualifications, business practices, and nature of advisory services that should be considered before becoming an advisory client of Natural Investments. Prior to engaging NI to provide services, clients are required to enter into an agreement with Nat- ural Investments setting the terms and conditions of the engagement, describing the scope of the services to be provided, and the portion of the fee that is due from the client prior to Natural In- vestments beginning services, and termination. It is the client’s responsibility to promptly notify Natural Investments if there is any change in the client’s financial situation or investment objec- tives for the purpose of reviewing, evaluating, or revising Natural Investments’ previous recommendations and/or services. NI advisors are allowed to conduct their investment advisory activities under a separate unaffili- ated business name or “DBA” (“doing business as”). Such advisors are registered with NI as investment advisory representatives and provide investment advice through NI. NI supervises the advisors’ investment advisory activities. The names of such DBAs include but are not limited to: Just Money Advisors, Chordata Capital, and Strategy Squad. Client service agreements and mar- keting materials clearly disclose NI as the Registered Investment Advisor clients are engaging for investment advisory services. NI offers investment advisory services through multiple platforms and custody arrangements. Those services include financial planning, investment advice and asset management for fees based on a percentage of assets under management, as well as advisory services of a number of unaffiliated third-party investment advisors. NI offers these products and services to the public through its investment advisory representatives. 4. Advisory Business Natural Investments was established in 1999, and our roots go back much further. Founder Jack Brill began his career as a Sustainable and Responsible Investing (SRI) advisor in 1985 and was a pioneer in the SRI industry. He was an original member of First Affirmative Financial Network. Hal Brill mentored under his father and joined FAFN as an advisor in 1989. Jack wrote Investing from the Heart (published Crown) in 1992. With the publication of our second book, Investing With Your Values: Making Money and Making a Difference (Bloomberg Press) in 1999, written by Hal, Jack and Cliff Feigenbaum, the editor of the GreenMoney Journal, Hal and Jack co-founded Natural Investment Services, Inc., with offices in California and Colorado. In 2007 NI reorganized as Natural Investments, LLC, and from then until 2017 the firm was equally owned by Hal Brill, Michael Kramer, and Christopher Peck. In 2017 Hal Brill sold 5% of his stake of the company each to Malaika Maphalala, James Frazier, and Greg Pitts. In 2015 Ber- rett-Koehler published the third book by NI advisors, The Resilient Investor, by Hal Brill, Michael Kramer, and Christopher Peck. In 2023 Natural Investments made two significant changes. The first saw the six owners of the firm, Hal Brill, Michael Kramer, Christopher Peck, James Frazier, Malaika Maphalala, and Greg Pitts sell their ownership in NI to the newly formed Natural Investments Purpose Trust (NIPT). A perpetual purpose trust is designed to protect the purpose of a company into perpetuity. The Natu- ral Investments Purpose Trust is guided by a Trust Stewardship Committee that was initially formed Natural Investments Disclosure Brochure with Supplement 2B February 2026 5  with four of the previous owners, Michael Kramer, Christopher Peck, James Frazier, and Malaika Maphalala joined by three of our long-standing advisors, Carrie VanWinkle, Ryan Jones-Casey, and Nicole Holloway, each of whom was elected by the team of advisors. The Trust Stewardship Committee serves as the managing board of NIPT. The second change is that Natural Investments exchanged it’s legal formation from a limited liability company organized in Colorado to a public benefit limited liability company (PBLLC) organized in Delaware. Michael Kramer and Christo- pher Peck continue to serve as managers. Since its inception in 1999, Natural Investments has grown from a small, father-son firm with two offices, to a nationwide firm with 24 advisors in 11 states in 2025. See our Supplement 2B for the full list of our advisors. NI’s advisors offer sustainable and responsible portfolio management services and financial plan- ning. NI receives approximately 98% of its compensation from investment advisory services and approximately 2% from other services, primarily financial planning. We offer for free on our web- site the Heart Rating, which provides social, environmental, impact, advocacy, and community investment measurement ratings of SRI mutual funds. NI specializes in Socially Responsible Investing (SRI), and generally our advice is limited to SRI. We advise on investment vehicles to meet the client’s financial needs, including mutual funds, ex- change-traded funds, individual stocks, municipal and corporate bonds, certificates of deposit, warrants, community bank CDs and loan fund certificates, limited partnerships and LLCs, US gov- ernment and agency securities, commercial paper, real estate, unit investment trusts, real estate investment trusts and foreign issues. Qualified and accredited investors may also access venture capital and other pooled private equity and debt products. NI does not recommend investments in futures, but may recommend investments in options or commodities, if those investments are suit- able for the client. Clients may impose restrictions on how their account is to be managed. These restrictions are reflected in the Investment Policy Statement developed for and signed by the cli- ent. The process begins with the advisor discussing the client’s financial information and interest in sustainable and responsible investing. Through questionnaires and conversations with the advisor, NI will obtain information about the client’s financial situation, goals, tolerance for risk, and the social and environmental issues the client wishes to be reflected in the client’s holdings. Re- strictions are noted at this time. NI will develop an Investment Policy Statement describing the firm’s intended approach to managing the client’s assets. Assets Under Management As of December 31, 2025, Natural Investments manages approximately $2,049,934,012 in total assets. $9,529,665 are not under discretionary control, $2,040,404,347 are discretionary. Trade Error Policy From time-to-time NI may make an error in submitting a trade order on your behalf. When this occurs, NI may place a correcting trade with the custodian that has custody of your account. If an investment gain results from the correcting trade, the gain will remain in your account unless the same error involved other client account(s) that should have received the gain, it is not permissible for you to retain the gain, or we confer with you and you decide to forego the gain (e.g., due to tax reasons). If the gain does not remain in your account and Schwab is the custodian, Schwab Natural Investments Disclosure Brochure with Supplement 2B February 2026 6  will donate the amount of any gain $100 and over to charity. If a loss occurs greater than $100, NI will pay for the loss. Schwab will maintain the loss or gain (if such gain is not retained in your ac- count) if it is under $100 to minimize and offset its administrative time and expense. Generally, if related trade errors result in both gains and losses in your account, they may be netted. Client Obligation In performing its services, NI is not required to verify any information received from the client or from the client’s other professionals. Each client is advised that it remains his or her responsibility to promptly notify NI if there is any change in the client’s financial situation or investment objec- tives during the client engagement. Disclosure Brochure A copy of this written disclosure brochure shall be provided to each client prior to, or at the same time as, the execution of a Client Services Agreement. Any client who has not received a copy of this written disclosure brochure at least 48 hours prior to executing the Client Services Agreement shall have five business days subsequent to executing the agreement to terminate NI’s services without penalty. Non-Participation in Wrap Fee Programs NI, as a matter of policy and practice, does not sponsor any wrap fee program. A wrap fee pro- gram is defined as any advisory program under which a specified fee or fees not based directly upon transactions in a client’s account is charged for investment supervisory services (which may include portfolio management or advice concerning the selection of other investment advisors) and the execution of client transactions. Policy on Class Action Lawsuits From time to time, securities held in the accounts of clients will be the subject of class action law- suits. NI has no obligation to determine if securities held by the client are subject to a pending or resolved class action lawsuit. It also has no duty to evaluate a client’s eligibility or to submit a claim to participate in the proceeds of a securities class action settlement or verdict. Furthermore, NI has no obligation or responsibility to initiate litigation to recover damages on behalf of clients who may have been injured as a result of actions, misconduct, or negligence by corporate man- agement of issuers whose securities are held by clients. Where NI receives written or electronic notice of a class action lawsuit, settlement, or verdict af- fecting securities owned by a client, it will forward all notices, proof of claim forms, and other materials to the client. Electronic mail is acceptable where appropriate if the client has authorized contact in this manner. 5. Fees and Compensation Natural Investments is compensated for portfolio management and account services on an "assets under management“ fee model, or hourly. Financial planning services are billed project-based, hourly, or on retainer. Portfolio Management Management fees are assessed to each client as an annual percentage of the assets under manage- ment, billed quarterly or monthly, and billed retroactively. Natural Investments Disclosure Brochure with Supplement 2B February 2026 7  Portfolio Management Fee Schedule Fees are based on the asset value of account, billed retroactively to the client’s account quarterly. In some cases, fees are calculated and billed monthly. NI uses the daily average balance method to calculate fees. Other custodians or separate account managers may use an alternative billing method, such as end of period value or billing in advance. Our fees vary based on services to be provided and the office or advisor you work with. The fee will be no greater than what is shown here: Tier Fee On the first $200,000 1.35% On the next $300,000 1.25% On the next $500,000 1.10% On the next $1,000,000 0.95% On the next $3,000,000 0.85% On the next $15,000,000 0.65% On the amount above $20,000,000 0.55% Clients with special circumstances, non-profit organizations and charitable institutions may be eli- gible for negotiable reduced fees determined on a case-by-case basis. The minimum annual fee is $500. NI as a firm has a $50,000 minimum of investable assets per client, though this minimum may be negotiable for certain advisors and situations. Most of our financial advisors publish a higher minimum per the NI website. Accounts that have been open for less than three full months at the end of a quarter will be billed on a pro-rated basis. The client will be issued an invoice at the time of billing showing the amount owed and the method for calculating the fee. Fees are typically deducted and withdrawn from the appropriate client account held at a qualified custodian, or the client may elect to pay fees directly. Please note that the fee schedule for new clients may change periodically, though existing clients will not face an increase in fees without their written approval. Natural Investments does not typically require prepayment of fees. Additionally, NI does not re- quire prepayment of more than $1,200 in fees per client, six months or more in advance. Clients may have the option to purchase investment products that we recommend through other channels, such as through other brokerage firms, agents or directly from the companies or mu- tual fund distributors. Hourly and Financial Planning Services For clients who primarily seek advice without ongoing portfolio management services, some NI advisors may choose to offer hourly investment consulting. Typically, a Client Questionnaire will Natural Investments Disclosure Brochure with Supplement 2B February 2026 8  be completed, and the advisor will use this, current investment statements, and client conversa- tions to develop an asset allocation plan which addresses the client’s financial status, social and financial goals, and risk tolerance. This type of service does not generally include ongoing and continuous advice or monitoring of an account. Financial planning advice is available on a one-time or ongoing basis. In considering the client’s goals and financial position, financial planning may include any or all of the following: analysis of present position, goal-setting, risk and asessment, tax considerations, college savings, retirement, and estate planning in the context of financial and/or investment advice. NI advisors do not offer legal advice. Advisors may offer limited tax advice such as reviewing cost basis. Financial plan- ning may also reflect a client’s social and ethical priorities with respect to making investments and other plans. The fees for these services may be by the hour or project-based, are negotiable and are agreed upon between client and advisor. The client is billed in arrears periodically, at time of service, monthly, or quarterly. The scope of work and estimated fee is agreed upon by way of a Client Ser- vices Agreement before the project begins and may be updated as needed. The fee for financial planning will be due immediately upon completion of the advisory services and is payable to Natural Investments. NI may request a $500 or 50% deposit to begin financial planning work, projects, or consultations. This deposit is negotiable. Retainer fees for ongoing fi- nancial planning services will be billed in arrears on a quarterly basis. Fees for advisory services already rendered are not refundable. The advisory relationship may be terminated by the client, by mutual agreement, or at the discretion of the advisor, in which case written notice will be given. The client is under no obligation to act upon the advisor’s recommendations, and if the client elects to act on any of the recommendations, the client is under no obligation to effect the trans- action through the investment advisor. NI’s relationship with each client is non-exclusive; in other words, NI provides investment super- visory services and financial planning services to multiple clients. NI seeks to avoid situations in which one client’s interest may conflict with the interest of another of its clients. Other Fees and Expenses Brokerage fees– NI primarily uses Charles Schwab & Co. Inc. (Schwab) as custodian of client ac- counts. Some accounts may be custodied at FOLIO Investments, DST Systems, or others. Clients are provided with a listing of the custodial and transaction fees levied by the custodians when opening accounts, though the custodians may change these fees at their discretion at any time with notice. Neither NI nor its advisors share in any fees charged by the custodians. In general, Schwab makes most SRI mutual funds available for no additional sales charge; these are com- monly known as no-load funds. Additional information about the brokerage services is available in the “Brokerage Practices” section below. Clients may also incur “account termination fees” upon the transfer of an account from one bro- kerage firm (broker-dealer or custodian) to another. These account termination fees generally range from $0 to $200, but at times may be much higher. Clients should contact their custodians (brokerage firms, banks, or trust companies, etc.) to determine the amount of account termination fees which may be charged and deducted from their accounts which may be transferred to custo- dians that NI recommends. Natural Investments Disclosure Brochure with Supplement 2B February 2026 9  Mutual fund fees– NI often uses mutual funds in our model portfolios. Each mutual fund is a prod- uct which pools individual holdings into one investment vehicle. As such, there are internal annual expenses of operating mutual funds, such as portfolio management, trading and market- ing, legal, accounting, sales charges, and administrative costs. These fees are listed in the prospectus of each mutual fund that the investor will receive upon its purchase. Neither NI nor our advisors share in any mutual fund fees. The fees paid to NI by our clients are separate and dis- tinct from the fees and expenses charged by mutual funds to their shareholders. Some custodians may impose a transaction fee when a mutual fund is bought or sold. Clients should review all fees charged by mutual funds, NI, and others to fully understand the total amount of fees to be paid by the client. Separately Managed Account fees – NI uses Separately Managed Accounts (“SMAs”) at Schwab and other custodians that are managed by independent investment management firms using var- ying fee structures. SMAs are typically model-based but may allow customization for a client's specific investment objectives or restrictions. SMAs may have internal annual expenses, such as portfolio management, trading, marketing, legal, accounting, sales charges, and administrative costs. These fees are listed in a contract or agreement that the client will receive prior to en- gagement or purchase. NI manages an internal SMA of select stocks and charges an additional management fee, to be provided when a client selects this option. Neither NI nor our advisors share in any SMA fees, except as indicated for the NI SMA. Fees associated with third-party advisors– NI has agreements with third-party advisors and plat- forms. Under these agreements, NI offers and coordinates client account management and programs provided through these advisors. Third-party investment advisors to whom NI refers cli- ents are registered as investment advisors by their resident state or registered investment advisors with the Securities and Exchange Commission. After gathering information about a client’s financial situation and investment objectives, NI may assist the client in selecting a third-party program. NI receives fully-disclosed compensation pur- suant to its agreements with these third-party advisors for introducing clients to these third-party advisors and for certain ongoing services provided to clients. This compensation, which is dis- closed to the client in a separate document provided by the third-party manager, is typically equal to a percentage of the investment advisory fee charged by that third-party advisor or a fixed fee. The separate disclosure document provided by the third-party advisor will clearly state the nature of fees payable to the third-party advisor and to NI. Also disclosed in the separate disclosure docu- ment will be the impact to the overall fee of payments made to NI. As described above, NI receives compensation from the third-party advisors. Since such compen- sation may differ depending on the agreement with each third-party advisor, NI may have an incentive to recommend one third-party advisor over another, if the compensation arrangements are more favorable. Since the independent third-party advisor may pay the fee for the investment advisory services of NI, the fee paid to NI is not negotiable under most circumstances. Fees paid by clients to independent third parties are established and payable in accordance with the Disclo- sure Brochure or other equivalent document provided by each independent third-party advisor to whom NI refers clients, and may or may not be negotiable, as disclosed in the disclosure docu- ments of the third-party advisor. Natural Investments Disclosure Brochure with Supplement 2B February 2026 10  Clients who are referred to third-party investment advisors will receive full disclosure, including services rendered and fee schedules, at the time of the referral by delivery of a copy of the rele- vant third-party advisor’s Disclosure Brochure or equivalent disclosure document. Payment fees – Some clients may pay their management fees or financial planning fees through electronic invoicing systems. These systems charge fees for the service, typically in the range of $1 for an ACH transaction, and these fees are added to the invoice at the time it is generated. NI does not receive these fees, as they go directly to the invoicing systems. NI also does not record, store, or retain bank account numbers associated with these systems. 6. Performance-Based Fees and Side-By-Side Management Natural Investments and its advisors do not accept performance-based fees, nor do we participate in programs or assets that include performance-based fees. 7. Types of Clients Natural Investments offers fee-only advisory services to individuals and institutions including trusts, estates, charitable organizations, and corporations or other business entities, including pen- sion and profit-sharing plans. As a firm, NI has a $50,000 minimum household account size, though this minimum may be ne- gotiable. These minimums may be changed or eliminated at any time. However, NI requires a minimum annual fee of $500. NI, in its sole discretion, may charge a lesser management fee, or choose to reduce or waive the quarterly minimum fee, or change its minimum account size based upon certain criteria (i.e. pre-existing financial planning client, anticipated future earning capac- ity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account composition, negotiations with client, etc.). 8. Methods of Analysis, Investment Strategies and Risk of Loss NI subscribes to the tenets of Modern Portfolio Theory, which means we recommend asset class diversification within the context of a long-term approach. We recognize that markets have histor- ically been cyclical in their performance, and that timing the market on a daily or even weekly basis is less likely to benefit client returns. Our approach is to analyze and perform due diligence in order to select managers with solid per- formance records and let them analyze individual company performance to determine fund or account holdings. NI primarily uses SRI mutual funds, ETFs, and SMAs, and supplements them with individual stocks, bonds, community investment CDs and notes, alternative investments, and non-SRI mutual funds for special situations. NI monitors a limited number of companies in sectors including renewable energy, health and natural foods, and biodegradable, recycled, and organic products. Investing entails risk, including the risk of losing a part or all of an investment. Diversification at- tempts to reduce risk, but reduction should not imply elimination; there will always be a risk of loss. Methods of Investment Analysis NI uses fundamental financial analysis in examination of potential investments for portfolios. The investment strategies used to implement any advice given to clients includes long term purchases Natural Investments Disclosure Brochure with Supplement 2B February 2026 11  (securities held at least a year), short-term purchases (securities sold within a year), and trading (securities sold within 30 days). In general, NI prefers to take a long-term approach, commonly referred to as “buy and hold,” to achieve long-term performance without basing decisions on tem- porary market timing issues. Some NI advisors may be willing to manage client accounts on a tactical basis, which means proactively adjusting client investments in various sectors of the finan- cial markets based on intermediate- or long-term measures of under- or over-valuation, or other indicators. Clients desiring tactical management should discuss this with their NI advisor. NI also invests based on the client’s social, environmental and other interests or priorities. This is commonly termed Sustainable and Responsible Investing (SRI). This approach identifies issues (e.g., environmental, tobacco, gambling, human rights practices by companies), so that clients may wish to avoid certain investments or seek investments that are consistent with the client’s per- sonal priorities. These will be included and made a factor in recommending investment strategies and specific investments. Sustainable and Responsible Investing involves using the work of profes- sional organizations that specialize in researching the environmental, social, and governance (ESG) dimensions of corporate management. NI may provide advice on any type of investment held in a client’s portfolio at the inception of the advisory relationship. NI will explore other investment options at the client’s request. NI reserves the right to advise clients on any other type of investment that it deems appropriate based on the client’s stated goals and objectives. NI conducts financial research and may obtain supplemental information from corporate ratings services, the general financial press, company quarterly and annual reports, and prospectuses, and personal inspections. Investment Strategies NI manages model portfolios based on client risk ranging from conservative to aggressive. The Di- rector of Research facilitates an analytic process of fund performance in each asset class with NI advisors on a quarterly basis in order to determine the holdings and weightings of the models. The models form the basis of the design of client asset allocations, though specific client interests and circumstances may add unique holdings to any portfolio. NI advisors participate in conference calls at least quarterly to discuss investment holdings and potential changes to the model portfo- lios. NI offers advice on securities and financial instruments, including publicly traded and private in- vestments, US and foreign securities, equity-based and debt-based securities, foreign currencies, collectibles, and restricted or otherwise illiquid securities. NI may offer advice on alternative in- vestment vehicles including, but not limited to private investment partnerships and LLCs, individual companies, projects, community investment intermediaries, hedge funds, funds of alter- native investment funds, private equity or venture capital funds, or private debt funds. Alternative investments may cover a variety of investment styles and practices, some of which may be high risk and speculative. Private or restricted investments are illiquid in nature and may require longer holding periods than marketable securities. There may be little or no secondary market for private or restricted investments. NI does not receive any compensation from third-party investment com- panies, managers, or distributors for recommending investments. Natural Investments Disclosure Brochure with Supplement 2B February 2026 12  Risk of Loss Every style of investing entails risk, including the risk of losing a part or all of an investment. Mod- ern Portfolio Theory (MPT) and asset diversification attempt to limit risk exposure but cannot eliminate it. MPT is still highly exposed to broad systemic risk if the entire economy is in decline, as occurred in 2008-2009 and in the spring of 2020 during the early pandemic. There is no guar- antee that assets will continue to perform as they have in the past or that they will continue to perform in relationship to each other as they have in the past. Sustainable and responsible investing may create additional risk. By limiting the universe of avail- able companies to choose from, investors using a negative screen SRI investment style may be unable to capitalize on a profitable investment opportunity. For example, investors with a strong concern about global climate change who avoid investing in fossil fuel companies may miss out on a short-term rise in a fossil fuel company stock price when that stock is in favor with market participants. SRI investors choose to avoid the long-term risk inherent in these companies. Investors face the following investment risks: Interest Rate Risk Investment returns will be affected by changes in the level of interest rates. When interest rates increase, the prices and values of bonds decrease. When interest rates de- crease, the prices and values of bonds increase. Market Risk Investment returns will be affected by changes in the overall level of the stock market. When the stock market as a whole increases or decreases, virtually all stocks are affected to some degree. Reinvestment Rate Risk Incurred when an investment’s income is reinvested at a lower rate than the rate that existed at the time the original investment was made. This risk is most prevalent when interest rates fall. Purchasing Power Risk (Inflation Risk) Inflation will affect the return of an investment in real dol- lars. In other words, the amount of goods that one dollar will purchase decreases with time. Business Risk Associated with a particular industry or firm. These factors affect the industry or firm, but do not affect the whole market. They include government regulations, management compe- tency, or local or regional economic factors. Financial Risk Associated with the mix of debt and equity used to finance a firm. The greater the financial leverage, the greater the financial risk. Currency Risk (Exchange Rate Risk) A change in the value of a foreign currency relative to the US dollar will negatively affect a US investor’s return. Liquidity Risk Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. In general, cash equivalents provide li- quidity with minimum income and a return of principal with no capital appreciation. Cash equivalents are generally subject to purchasing power risk. Additional Potential Risks that could broadly affect the financial markets include political and geo-political risk, climate change, natural disasters, and other ecological risks, and systemic risk, which is the possibility of instability that affects the global financial system as a whole. Natural Investments Disclosure Brochure with Supplement 2B February 2026 13  Fixed income investments provide current income. Usually, the longer the maturity of the security, the higher the income it will generate. Longer maturity fixed income investments have greater price volatility and greater opportunity for capital gains or capital losses. Fixed income invest- ments are subject to interest rate risk, reinvestment rate risk, and purchasing power risk. Foreign bonds are generally subject to currency risk and high yield (“junk”) bonds are subject to business risk and financial risk. The return of principal for bond funds and funds with significant underlying bond holdings is not guaranteed. Mutual fund shares are subject to the same interest rate, inflation and credit risks as- sociated with the underlying bond holdings. Lower-rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher-rated bonds. Equity investments are subject to greater volatility than some other asset classes, thus providing a greater opportunity for capital gains and exposure to a greater risk of capital loss. Equity invest- ments offer less current income in dividends than some other asset classes. Equity investments are subject to market risk and interest rate risk, while providing an opportunity to protect against pur- chasing power risk. Stock mutual funds, rather than individual equities, may limit the exposure to business risk and financial risk. Small-company stocks entail additional risks, and can fluctuate in price more than larger company stocks. Investing outside the United States involves additional risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, and may lose value. Different types of investments involve varying degrees of risk, and the client should not assume that future performance of any specific investment or investment strategy (including the invest- ments and/or investment strategies recommended by NI) will be profitable or equal to any specific performance level. 9. Disciplinary Information Natural Investments and its advisors have not been subject to any disciplinary action in the last 10 years. 10. Other Financial Industry Activities and Affiliations Natural Investments (NI) and its management team are not registered as a broker-dealer, nor do we plan to become registered as a broker-dealer, nor do we plan to become representatives of a broker-dealer. NI and its management team are not registered or pending to register as any other financial or securities-related entity. Natural Investments has a “selling agreement” with First Affirmative Financial Network (FAFN) and Horizons Sustainable Financial Services (HSFS). NI can provide clients access to FAFN’s and HSFS’s packaged investment solutions. NI may enter other selling agreements and co-fiduciary ar- rangements with other platforms and managers from time to time. Natural Investments Disclosure Brochure with Supplement 2B February 2026 14  Partnerships NI has key strategic relationships which allow us to provide client management services. NI is a member of US SIF – The Forum for Sustainable and Responsible Investment, the US-based SRI trade association, through which NI can access industry trends and a clearinghouse of SRI re- search and resources. NI advisors have access to a variety of financial and social research tools, such as Sustainalytics for environmental, social, and governance information. NI uses Morningstar Investment Research for historical investment performance information, and Orion Performance Technologies for client investment reporting services. NI’s various outsourced service providers may have access to client confidential information. Outside Business Activities Investment advisor representatives (IARs) of Natural Investments may provide consulting services, for a fee, to the management teams of investments that other IARs recommend to clients. IARs may also serve on the board of directors of investments, for no compensation, that IARs recom- mend to clients. 11. Code of Ethics, Participation or Interest in Client Transactions, Per- sonal Trading NI has adopted a Code of Ethics for the purpose of instructing our personnel in their ethical obli- gations and to provide rules for their personal securities transactions. NI and its personnel owe a duty of loyalty, fairness and good faith towards their clients, and the obligation to adhere not only to the specific provisions of the Code but to the general principles that guide the Code. The Code of Ethics covers a range of topics that includes general ethical principles, reporting personal secu- rities trading, exceptions to reporting securities trading, reportable securities, initial public offerings and private placements, reporting ethical violations, distribution of the Code of Ethics, review and enforcement processes, amendments to Form ADV and supervisory procedures. NI will provide a copy of the Code of Ethics to any client or prospective client upon request. Conflicts of Interest Because NI is a fee-only firm, there is limited conflict of interest associated with recommending certain products or transactions. NI or individuals associated with NI may buy and sell securities for their personal accounts that are identical to those recommended to advisory clients. It is the expressed policy of NI that no person employed by NI may purchase or sell any security the same day of a transaction being implemented for an advisory account, unless the trades are placed through an automated trading platform or software program. This prevents employees from bene- fiting from transactions placed on behalf of advisory accounts. NI or any related person(s) may have an interest or position in a certain security(ies) which may also be recommended to a client. As these situations may represent a conflict of interest, NI has established the following restrictions in order to ensure fiduciary responsibility: A director, officer, employee or representative of NI shall not buy or sell securities for their per- sonal portfolio(s) where their decision is substantially derived, in whole or in part, by reason of his or her employment unless the information is also available to the investing public or reasonable inquiry. No person of NI shall prefer his or her own interest to that of the advisory client. Natural Investments Disclosure Brochure with Supplement 2B February 2026 15  NI maintains a list of all securities holdings for anyone associated with this advisory practice with access to advisory recommendations. These holdings are reviewed on a regular basis by an appro- priate officer of NI. NI emphasizes the unrestricted right of the client to decline to implement any advice rendered, except in situations where NI is granted discretionary authority of the client’s account. NI requires that all individuals must act in accordance with all applicable Federal and State regu- lations governing registered investment advisory practices. Any individual not in observance of the above may be subject to termination. 12. Brokerage Practices Most NI client accounts are held at Charles Schwab & Co., while some are handled by separate account managers through First Affirmative Financial Network and Horizons Sustainable Financial Services or other approved custodians or platforms. The primary factors taken into account in de- termining the recommended holding firm are two-fold. One, Schwab is the largest institutional firm for independent investment advisors, and consequently has access to substantial securities, technology, and account services. Two, Schwab has available for purchase and sale almost all of the sustainable and responsible mutual funds and other investment vehicles. NI recommends cli- ents open an account at another approved custodian or platform when the client has selected a packaged investment solution that is available only at that custodian or platform. NI regularly checks for best execution and reasonable transaction fees among other institutional providers. The commissions charged by Schwab and other custodians and platforms are low and highly competitive with commissions and transaction fees at other institutional brokerage houses. NI pri- marily uses mutual funds in its model portfolios, and many of the mutual funds available at Schwab are no-load or load-waived funds. The very low or non-existent transaction fees at Schwab greatly reduce any conflict of interest in choosing a brokerage firm. We also may use in- stitutional share classes of mutual funds for accounts above certain size thresholds and not needing frequent rebalancing when the lower fund expense ratio of institutional share classes is expected to provide a cost savings to clients even after accounting for transaction costs associated with trading this share class. NI does not receive any of the proceeds from transaction fees when they occur. NI does not receive special research conducted on our behalf or any other products or services (“soft dollars benefits”) in connection with executing client transactions at Schwab or other custo- dian or platform. NI does not receive client referrals from custodians, though NI is listed on Schwab’s website as an independent investment advisor. NI directs clients to open accounts at Schwab and occasionally at other custodians. Not every in- vestment advisor requires clients to open accounts at a specific brokerage firm. NI is not a subsidiary of Schwab or any other custodian or platform, and NI receives no client referrals or soft dollar benefits from directing clients to open accounts at any custodian. It is possible that by di- recting clients to open accounts at the custodians we suggest that we may not be able to achieve absolute best execution of trades for clients that could be available at another custodian. Although not a material consideration when determining whether to recommend that a client uti- lize the services of a particular custodian, NI may receive from Schwab or another custodian without cost or at a discount support services and/or products, certain of which assist NI to better Natural Investments Disclosure Brochure with Supplement 2B February 2026 16  monitor and service client accounts maintained at such institutions. Included within the support services that may be obtained by NI may be investment-related research, pricing information and market data, software and other technology that provide access to client account data, compli- ance and/or practice management-related publications, discounted or gratis consulting services, discounted and/or gratis attendance at conferences, meetings, and other educational and/or social events, marketing support, computer hardware and/or software and/or other products used by NI in furtherance of its investment supervisory business operations. Schwab’s support services described below are generally available on an unsolicited basis (we don’t have to request them) and at no charge to us. The availability to us of Schwab’s products and services is not based on us giving particular investment advice, such as buying particular securi- ties for our clients. Schwab’s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of client assets. The invest- ment products available through Schwab include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our clients. Schwab’s services described in this paragraph generally benefit the client and the client’s account. Schwab also makes available to us other products and services that benefit us but may not directly benefit the client or its account. These products and services assist us in managing and administer- ing our clients’ accounts. They include investment research, both Schwab’s own and that of third parties. We may use this research to service all or some substantial number of our clients’ ac- counts, including accounts not maintained at Schwab. In addition to investment research, Schwab also makes available software and other technology that provide access to client account data (such as duplicate trade confirmations and account statements); facilitate trade execution and al- locate aggregated trade orders for multiple client accounts; provide pricing and other market data; facilitate payment of our fees from our clients’ accounts; and assist with back-office functions, recordkeeping, and client reporting. Schwab also offers other services intended to help us manage and further develop our business enterprise. These services include educational conferences and events; technology, compliance, legal, and business consulting; publications and conferences on practice management and busi- ness succession; and access to employee benefits providers, human resources consultants, and insurance providers. The availability of services from Schwab benefits us because we do not have to produce or pur- chase them. We don’t have to pay for these services, and they are not contingent upon us committing any specific amount of business to Schwab in trading commissions or assets in cus- tody. There is no corresponding commitment made by NI to Schwab or any other any entity to invest any specific amount or percentage of client assets in any specific mutual funds, securities or other investment products as result of the above arrangement. NI’s Chief Compliance Officer remains available to address any questions that a client or prospec- tive client may have regarding the above arrangement and any corresponding perceived conflict of interest such arrangement may create. NI does not aggregate the purchase or sale of the vast majority of securities for its clients. NI does however aggregate the purchase of Calvert Impact’s Community Investment Notes, but believes Natural Investments Disclosure Brochure with Supplement 2B February 2026 17  that because the price offered is the same to each client, according to differences in duration, that this presents no conflict for the client. NI may also aggregate in situations where a security or fund is very thinly traded and when a firm-wide rebalance may exceed the normal trading volumne in a security. Directed Brokerage Some clients may instruct NI to use one or more particular brokers for the transactions in their ac- counts. Clients who may want to direct NI to use a particular broker should understand that this may prevent NI from effectively negotiating brokerage compensation on their behalf. This arrange- ment may also prevent NI from obtaining the most favorable net price and execution. Thus, when directing brokerage business, clients should consider whether the commission expenses and exe- cution, clearance and settlement capabilities that they will obtain through their broker are adequately favorable in comparison to those that NI would otherwise obtain for its clients. Clients are encouraged to discuss available alternatives with their advisory representative. 13. Review of Accounts NI uses investment reporting and analysis platforms to download data from client accounts held at each custodian on a daily basis. This information is used to offer an interactive investment portfo- lio dashboard that clients can access. It is also used to create standard investment reports provided to clients annually, or more frequently at client request or advisor preference. Investment reports are reviewed by the investment advisory representative that is working with the client. During these reviews NI may make recommendations about changing the portfolio holdings. The reports indicate performance for quarterly, year-to-date, 1-year, 3-year, 5-year, and since-inception periods, net of fees. The reports contain a variety of other financial information, relevant bench- marks, and commentary from our Director of Investment Research. NI monitors the financial performance of our model portfolios and client accounts at least quar- terly. NI generally does not make adjustments to our models more frequently than quarterly, but may do so if economic, social, or financial circumstances warrant or whenever information be- comes available that may materially affect an investment. Schwab and other custodians or platforms provide monthly or quarterly account statements indi- cating account and fund balances, deposits, withdrawals, purchases, sales, dividends, interest, fees deducted from the account and any other activity from the custodian of the account. NI can direct these custodians to provide consolidated statements for households with multiple accounts. Other custodians may send monthly or quarterly account statements, this will be discussed with the client prior to investment. 14. Client Referrals and Other Compensation NI does not receive an economic benefit of any kind, other than directly from clients, for provid- ing investment advice to our clients. NI receives asset-based service compensation directly from Impact Assets for monies in client-linked donor advised fund accounts at Impact Assets. NI, in- cluding any person related to NI, does not provide economic benefit of any kind to a third party for client referrals. NI or its representatives may receive client referrals from websites where they may be listed. In no case will the client pay any additional fees to NI for services if the referral comes from any of these listings. Natural Investments Disclosure Brochure with Supplement 2B February 2026 18  15. Custody NI does not take physical custody of client funds, assets or securities. Clients open accounts in their own names at the directed custodians or other approved vendors. Schwab and other ap- proved vendors send monthly or quarterly account statements to clients, and clients should review those account statements carefully. If you are not receiving at least quarterly custodial ac- count statements, please contact us at the number on the cover page of this brochure. Performance reports that include holdings reports provided by NI may vary from custodial state- ments based on accounting procedures, reporting dates, or valuation methodologies of certain securities. NI urges all clients to compare holdings reports and statements in order to ensure that all account transactions, including deductions to pay advisory fees, remain proper, and to contact NI’s Chief Compliance Officer with any questions. With a client’s consent, NI may be provided with the authority to seek deduction of NI’s fees from a client’s accounts; this process generally is more efficient for both the client and the investment advisor. The account custodian does not verify the accuracy of NI’s advisory fee calculation. Un- der government regulations, NI is deemed to have custody if the client authorizes NI to deduct advisory fees directly from the client’s account. As a result of assisting clients with standing letters of authorization to move funds to other ac- counts of a client, NI has been deemed to have custody. This is reported to the SEC but NI believes it meets the conditions for exemption and is not required to seek a surprise annual audit. 16. Investment Discretion NI generally exercises discretionary control over client accounts. This means that NI and its repre- sentatives may execute trades within client accounts without the client notifying the directed custodians or other approved vendors of the suitability for making these trades. NI secures permis- sion to exercise discretionary control over client accounts both by signature on NI’s Client Service Agreement, and by initial of the respective authorizations on the approved custodians and plat- forms account applications. Clients who engage NI on a discretionary basis may, at any time, impose restrictions, in writing, on NI’s discretionary authority (i.e. limit the types or amounts of particular securities purchased for their account, exclude the ability to purchase securities with an inverse relationship to the market, limit or proscribe NI’s use of margin, etc.). 17. Voting Client Securities Investors who own shares of company stock and mutual fund shares possess the right to provide input on matters of corporate policy. Through shareholder votes, investors may have a direct im- pact on the operations, governance, and other financial factors of the company. If the client elects, and advisor agrees, their NI advisor may handle proxy voting. Clients may choose to retain this responsibility, and if so, the NI advisor can help the client make informed decisions. If the client elects to have the NI advisor vote the proxies, how the NI advisor voted on any issue and the pro- cess used to determine how the proxy was voted will be available to the client upon request. Guidelines NI will generally vote on routine corporate housekeeping proposals such as the election of direc- tors and selection of auditors absent conflicts of interest raised by an auditor’s non-audit services Natural Investments Disclosure Brochure with Supplement 2B February 2026 19  and poor director attendance. NI will generally vote against proposals that cause board members to become entrenched or cause unequal voting rights. In reviewing proposals, NI will further con- sider the opinion of management, the effect on shareholder value, the issuer’s business practices, and the environmental, social, and governance implications of the proposal. NI also examines As You Sow’s proxy voting recommendations as part of its process in determining how to vote. Conflicts of Interest NI will identify any conflicts that exist between the interests of the adviser and the client by re- viewing the relationship of NI with the issuer of each security to determine if NI or any of its covered agents has any financial, business or personal relationship with the issuer. If a material conflict of interest exists, NI’s Chief Compliance Officer, will disclose the conflict to the affected clients. Clients may have the opportunity to vote the proxies themselves, or have their proxies voted according to NI’s policy. Recordkeeping NI maintains a separate file recording the history of all proxy votes. Clients may obtain a record of how the company voted proxy issues on their behalf by submitting a written request or calling us. 18. Financial Information NI does not require the prepayment of more than $1,200 in fees per client, six months or more in advance. NI accepts limited forms of discretion over clients’ accounts. NI is unaware of any finan- cial condition that is reasonably likely to impair its ability to meet contractual commitments to clients. NI has never been the subject of a bankruptcy proceeding. Privacy, Security, and Confidentiality Statement of Policy Natural Investments (NI) has an obligation to all of our Clients to treat their accounts and the in- formation submitted to open those accounts with the utmost care, both for financial reasons and to ensure the privacy, security and confidentiality of the information given to us. Therefore, NI has in place the following measures to ensure that privacy, security and confidentiality are not breached by outside access or unauthorized personnel. Organization-Collected Information NI obtains information regarding Clients only from the Client and the Advisor with whom the Cli- ent has a working relationship. We do not use the services of a Credit Reporting Agency or any other outside organization. Disclosed Information NI requests a variety of informational data from each Client in order to determine the financial need and social concerns of that Client. This information includes but is not limited to the Client’s annual income, net worth, investment net worth, investment goals and objectives and any other information that is pertinent to the development of an Investment Policy Statement for each Natu- ral Investments Client. This information is also utilized by NI Advisors to develop Client investment plans and strategies. Parties with Whom the Information is Shared, Including Non-Affiliated Service Providers Information with regard to a Client account, and the personal information about a Client that was used to establish it, is shared with the following parties: Natural Investments Disclosure Brochure with Supplement 2B February 2026 20  NI Office Staff, Outsourced or Virtual Staff, Officers, and Advisors as necessary in the day-to-day management of NI and in providing Client services. NI Third-Party Money Managers. This information is only shared with non-affiliated money man- agers of the Client’s choosing and only with the Client’s written permission on the Account Application, or by completion of a questionnaire requesting a proposal. NI attorneys and accountants in the course of their review of our business. Any Federal or State Regulatory Agency in the course of their review of our business practices or as otherwise prescribed by law or court order. Schwab and other custodians of Client accounts. Custodians only receives personal information about Clients from the account application that Clients complete and sign. Orion Advisor Solutions has been contracted to prepare quarterly performance reports and client fee billing for NI in order to assist NI in servicing your account. Orion provides a variety of inter- nal services for NI, including compliance, client portals, archiving email correspondence and notes, storing client contact information and data, among other functions. Orion has agreed to protect all NI Client information to the same level of privacy and confidentiality as stated in this policy statement. Information About Former Clients Information provided by a Client that is no longer using NI services is shared as above only with NI attorneys and accountants or any Federal or State Regulatory Agency or as otherwise pre- scribed by law or court order. Policies & Procedures NI has implemented the following policies and procedures regarding the disclosure of information we receive about Clients: Any information and documents provided to NI about you, the Client, your family, your financial circumstances and your financial objectives will be kept strictly confidential. NI attorneys and ac- countants who may need to review our files must keep this information confidential. We may be required by law or regulation to disclose such information to federal and state regulatory authori- ties or as may be required by court order. NI does not sell or rent mailing lists and will not release your name and address to anyone outside of NI without your permission. All information is provided to NI by the Client, via the question- naire and/or account applications completed by the Client with the assistance of their Advisor. NI restricts access to our physical and electronic files to authorized personnel only (NI Home Of- fice Staff and our Designated Independent Contractors and their staffs). Only those staff members or Designated Independent Contractors that must have access to personal Client information have the means to view that information. NI may provide information regarding a Client’s account to non-affiliated financial services com- panies with whom we have a joint working agreement, in order to provide the Client with that financial company’s services with relation to their account. NI does not obtain personal Client information from sources other than those mentioned. (e.g. Charles Schwab, specific Outside Money Managers, Portfolio Management Consultant). NI will Natural Investments Disclosure Brochure with Supplement 2B February 2026 21  provide an initial notification of our Privacy, Security and Confidentiality Policy to every Client. NI maintains physical, electronic and organizational safeguards to protect your personal information. Right to Opt Out As stated above, information is only shared with non-affiliated third parties with Client’s written approval either through an account application or a questionnaire requesting a proposal for ser- vices. Each non-affiliated third-party is governed by the same non-disclosure of personal information requirements as NI. If a Client wishes not to have personal information disclosed to the above-specified non-affiliated third parties, the Client will not be able to utilize NI services. Natural Investments Disclosure Brochure with Supplement 2B February 2026 22  Supplement 2B Investment Advisory Representatives of Natural Invest- ments Natural Investments (NI) has offices and operations across the United States with the following In- vestment Advisory Representatives. Amy D. Pender, CFP® 973.476.4060 5 Heather Way, Hopewell Junction, NY 12533 amy@naturalinvestments.com Educational Background and Business Experience Amy D. Pender serves the Hudson Valley and the New York metropolitan area for Natural Invest- ments. Born in 1966, Amy was raised in Cincinnati, Ohio. In pursuit of her early passion for music and education, she received a Bachelor’s degree from Miami University and a Master’s and Doc- torate in vocal performance from the University of Cincinnati’s prestigious College-Conservatory of Music. After teaching in the public schools for several years, Amy served for more than a dec- ade as Director of Arts in Education at the New York State Council on the Arts, where she oversaw a large-scale program involving the state’s non-profit cultural organizations that focused on using the arts as a tool for improvement of public education. During that time, Amy saw that good pro- jects can be undermined by the lack of a solid financial plan, and this spurred her to set out on a new mission to help people make better financial decisions. In 2010 she became a Financial Ad- visor at Merrill Lynch, where her interest in socially responsible investing began. In 2013 she fully embraced SRI and joined the First Affirmative Financial Network as an Investment Advisor Repre- sentative. Having united her financial skill-set with her deeper goal of doing good work in the world, she co-founded SRI Investing LLC in 2015, where she served as both an Investment Advisor Representative and Chief Compliance Officer. Fueled by a desire to offer her clients an even broader array of investment opportunities, Amy joined the Natural Investments team in early 2017. She continues to contribute to the arts as a member of the vocal ensemble Kairos Consort and as chair of the Board of Advisors of The Vanaver Caravan, an internationally acclaimed world- folk dance troupe and arts education organization. Disciplinary Information Amy D. Pender has not had a disciplinary action in the last 10 years. Other Business Activity Amy D. Pender is a licensed insurance agent in the state of New York and may sell annuities, life, health and long-term care coverage to interested parties through various unaffiliated insurance companies. She may receive a commission from the issuer subsequent to a client’s purchase of an insurance contract. She discloses, in advance of a transaction, the role in which she is serving a client and any potential conflicts of interest the service may incur. Natural Investments Disclosure Brochure with Supplement 2B February 2026 23  Additional Compensation Amy D. Pender receives additional compensation from the sale of insurance as a part of her finan- cial planning work. Supervision Amy D. Pender is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, and review of advertising materi- als. Amy D. Pender also participates in annual compliance training. Andy R. Loving, CFP® 502.454.3839 800.290.1816 1927 Harvard Drive, Louisville, KY 40205 andy@naturalinvestments.com Educational Background and Business Experience Andy R. Loving is widely recognized among his fellow financial advisors as one of the nation’s leading experts in community investing. Andy has been a lifelong social activist, working on be- half of poor people and communities and organizing middle-class US Americans to work for justice through their finances. An Illinois native, Andy was born in 1947 and attended Southern Illinois University, where he earned a bachelor’s degree in psychology in 1969 and master’s de- gree in counseling in 1971. In 1981, he was ordained as a minister in Atlanta, GA, and devoted himself to ministry with the poor. He was cofounder of SEEDS, an award-winning magazine on hunger and economic justice, as well as minister to the homeless at an Atlanta church. A Certified Financial Planner® practitioner, Andy has been a financial advisor since 1993, special- izing in sustainable and responsive and community investing. Andy is founder and principal advisor at the financial planning firm Just Money Advisors in Louisville, KY, which serves clients in 25 states. As a financial planner, he does retirement planning, tax planning, college planning, and general financial planning, along with investment management. He also created Better Banking Options with JMA to facilitate moving money to local and community banks. He currently serves on the board of directors of Faith and Money Network, in Washington, DC, the Alliance of Bap- tists in Raleigh, NC, and is an active member of Jeff Street Baptist Community at Liberty. Disciplinary Information Andy R. Loving has not had a disciplinary action in the last 10 years. Other Business Activity Andy R. Loving is on the Advisory Board for Envest Microfinance. Andy Loving does not receive compensation for serving on the Advisory Board of Envest Microfinance. We do not believe this creates a conflict of interest; however, this fact will be disclosed to those clients considering in- vestment into Envest Microfinance. Natural Investments Disclosure Brochure with Supplement 2B February 2026 24  Additional Compensation Andy R. Loving does not receive any reimbursement or compensation for his work on the Advi- sory Board for Envest Microfinance. He does not receive additional compensation or any economic benefit for providing advisory services, outside of his work with Natural Investments. Supervision Andy R. Loving is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Andy R. Loving also participates in annual compliance training. Additional information about Andy R. Loving is available on the SEC’s website at www.advis- erinfo.sec.gov. Brittany Damico, MSc., CSRIC® 310.779.1614 brittany@naturalinvestments.com Educational Background and Business Experience Brittany Damico is a financial advisor for Natural Investments PBLLC. A California native, born in Long Beach in 1986, and raised in southern California. Brittany has since lived in four different countries and uses the knowledge and compassion gained from her travels to inform the way she interacts with the world. Brittany’s deep passion for the well-being of both humanity and the planet led her to earn an undergraduate degree in Environmental Science and Chemistry from the University of Hawai’i at Hilo in 2016, followed by a graduate degree in Ecological Economics from the University of Edinburgh in 2018. With 17+ years of experience in the financial services industry, Brittany specializes in circular economies, environmental valuation, and behavioral eco- nomics. Well-versed in both the academic and practical challenges associated with global sustainability, Brittany has committed her personal and professional life to promoting conscious capitalism by helping individuals align their investment portfolios with their values. Brittany also serves her community as a certified yoga instructor and sits on the board Auricle Productions, a nonprofit fo- cused on environmental journalism. Disciplinary Information Brittany Damico has not had a disciplinary action in the last 10 years. Other Business Activity Brittany Damico does not have investment-related business activity outside of her work with Nat- ural Investments. Additional Compensation Brittany Damico does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Natural Investments Disclosure Brochure with Supplement 2B February 2026 25  Supervision Brittany Damico is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of correspondence, review of questionnaires and Investment Policy Statements developed for cli- ents, review of advisor personal investment transactions and holdings, review of advertising materials. Brittany also participates in annual compliance training. Carrie B. VanWinkle, CFP®, CeFT® 502.475.3805 1927 Harvard Drive, Louisville, KY 40205 carrie@naturalinvestments.com Educational Background and Business Experience Carrie B. VanWinkle is a Financial Advisor and serves values aligned investors across the country from her home city of Louisville, Kentucky. Born in 1973, she grew up among the strong agricultural heritage of Owensboro, KY. Carrie grad- uated from Georgetown College with a B.A. in Psychology. Her personal and professional commitment to working in areas of social change led her to focus on nonprofit leadership and community organizing at the University of Louisville’s Kent School of Social Work, where she earned her Masters of Science in Social Work in 2000. Carrie discovered her passion for personal finance through her work in non-profits. As a founding member of the Louisville Asset Building Coalition, Carrie developed and coordinated a free tax preparation program for 13 community-based organizations. There, Carrie witnessed the signifi- cant impact that financial empowerment had on individuals and families. After over a decade of doing this work in the nonprofit setting, she became clear that helping women in their money lives was her work in the world. She then began working toward becoming a Certified Financial Planner® (completed in 2015) and joined Natural Investments in 2012. Carrie is committed to supporting women in their money life, through life transitions, including the experience of inheritance. As a CeFT®, she helps women inheritors transform the legacy of wealth into one that is aligned with who they are, what they value, and what positive impact they want to have in their lives, with their loved ones, and in the bigger world. A healthy, sustainable local food economy is at the forefront of Carrie’s personal and professional work. Carrie has contributed on a local level through her interest in supporting a healthy honey- bee population. Carrie has been a leader in urban beekeeping, a honey bee advocate, and has taught others how to support the health of pollinators in order to support a local food system. Car- rie’s leadership has included serving as President of the Kentuckiana Beekeeper Association and a board member of Breaking New Grounds, a non-profit that focused on ‘turning waste into wealth’ through a citywide composting initiative. She co-founded Slow Money Kentucky and served on its leadership team for 5 years. Disciplinary Information Carrie B. VanWinkle has not had a disciplinary action in the last 10 years. Natural Investments Disclosure Brochure with Supplement 2B February 2026 26  Other Business Activity Carrie B. VanWinkle does not have investment-related business activity, outside of her work with Natural Investments. Additional Compensation Carrie B. VanWinkle does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Supervision Carrie B. VanWinkle is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of correspondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, and review of advertising materi- als. Carrie B. VanWinkle also participates in annual compliance training. Christopher Peck, Chief Compliance Officer, Manager 707.758.0171 1330 Gumview Road, Windsor, CA 95492 christopher@naturalinvestments.com Educational Background and Business Experience Christopher Peck lives in the heart of wine country, Sonoma County, and is a manager and the Chief Compliance Officer of Natural Investments PBLLC. He was born in 1968 in Kansas City, KS, and attended St. John’s College in Santa Fe, NM, graduating in 1991 with a degree in philosophy and mathematics. He worked as a permaculture teacher and designer for many years in Santa Fe, and was on the board and the Curriculum Director for Permaculture Drylands Institute from April 1992 until August 2000. Christopher has been investing in sustainable and responsible mutual funds since 1988 and operated Holistic Solutions, a financial planning and life planning company from 2000 until 2006. He joined Natural Investment Services, Inc., in 2003 and became an owner and managing partner of Natural Investments, LLC in April 2007. In 2023 Natural Invest- ments, LLC became Natural Investments PBLLC during its transition to its ownership by the Natural Investments Purpose Trust. Christopher has led workshops, classes and training in a broad range of personal finance topics. He has taught finance at the nation’s first Green MBA program, sustainable and responsible invest- ing at the Santa Rosa Junior College, and for many years taught a popular class on sustainable local entrepreneurship at New College of California. He was the first board chair and a board member of the Daily Acts Organization, in Petaluma, CA from 2007 until 2018. Christopher is a co-author of The Resilient Investor: A Plan for Your Life, Not Just Your Money published by Berrett- Koehler in 2015. Disciplinary Information Christopher Peck has not had a disciplinary action in the last 10 years. Other Business Activity Christopher Peck does not have investment-related business activity outside of his work with Nat- ural Investments. Natural Investments Disclosure Brochure with Supplement 2B February 2026 27  Additional Compensation Christopher Peck does not receive additional compensation or any economic benefit for providing advisory services, outside of his work with Natural Investments. Supervision Christopher Peck is supervised by Michael Kramer, manager of NI. Michael can be reached at mi- chael@naturalinvestments.com. Supervision consists of review of correspondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Christopher also partici- pates in annual compliance training. Additional information about Christopher Peck is available on the SEC’s website at www.advis- erinfo.sec.gov. Dan Carreno, CIMA®, CSRIC® 303.947.3891 4560 Winona Ct. Denver, CO 80212 dan@naturalinvestments.com Educational Background and Business Experience Dan Carreno is a financial advisor who specializes in helping individuals and organizations align their investments with their values. Born in West Chester, Pennsylvania in 1982, Dan earned his undergraduate degree in International Economics and Commerce from Lafayette College in 2004. He later continued his education at the University of Denver, where he earned a graduate degree in Environmental Policy and Management in 2019. Dan joined Natural Investments in 2025 after two decades of working as an investment consultant to financial institutions and institutional investors. During that time, he gained firsthand insight into how investment decisions shape economic incentives and influence real-world outcomes. This experience led him to dedicate his career to educating and guiding investors and financial professionals on best practices in sustainable and responsible investing. In addition to his consulting work, Dan has authored numerous white papers on sustainability, so- cial justice, and investing, with a particular focus on the financial implications of climate change. He has been invited to speak at numerous conferences on these topics and has also shared his ex- pertise as a frequent speaker with the Climate Reality Project. Dan also serves on the board of Auricle Productions, an environmental journalism organization that produces a Peabody Award– winning podcast focused on environmental issues. Disciplinary Information Dan Carreno has not had a disciplinary action in the last 10 years. Other Business Activity Dan Carreno does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Dan Carreno does not receive additional compensation or any economic benefit for providing ad- visory services, outside of her work with Natural Investments. Natural Investments Disclosure Brochure with Supplement 2B February 2026 28  Supervision Dan Carreno is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Diana also participates in annual compliance training. Additional information about Dan Carreno is available on the SEC’s website at www.adviserinfo.sec.gov. Diana Gisel Yáñez, CFP® Office: 888.657.7823 Cell: 562.281.5143 1930 Village Center Circle #3-6481, Las Vegas, NV 89134 diana@strategysquad.com Educational Background and Business Experience Diana Gisel Yañez is a Financial Advisor and joined Natural Investments in 2022. She is also the founder of All the Colors, which focuses on financial coaching for underserved populations. Born in 1987 and raised in Calexico, CA, Diana graduated from the University of California where she earned her bachelor's degree in Economics and International Studies in 2009 and her master's de- gree in Demographics and Social Analysis in 2010. Prior to working in financial services, Diana worked in mental health, population projections, and business analysis where she grew disillu- sioned with the profit above all else mentality. Through volunteering Diana met a financial planner who showed her that a career helping others with numbers does exist, and that it desper- ately needed more women of color. Diana earned her CERTIFIED FINANCIAL PLANNER® practitioner designation in 2020. Outside of work Diana regularly volunteers with her Quaker meeting and provides pro bono fi- nancial planning, especially in Spanish. Disciplinary Information Diana Gisel Yáñez has not had a disciplinary action in the last 10 years. Other Business Activity Diana Gisel Yáñez does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Diana Gisel Yáñez does not receive additional compensation or any economic benefit for provid- ing advisory services, outside of her work with Natural Investments. Supervision Diana Gisel Yáñez is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Diana also participates in annual compliance training. Additional information about Diana Gisel Yáñez is available on the SEC’s website at www.adviserinfo.sec.gov. Natural Investments Disclosure Brochure with Supplement 2B February 2026 29  Evan Quirk-Garvan Office 607-279-1274 5107 North Rhett Avenue, Suite 600 North Charleston SC 29405 evanqg@natualinvestments.com Educational Background and Business Experience Evan Quirk-Garvan is a Natural Investments Advisor, living in Asheville North Carolina. Born in 1989, he graduated Appalachian State University (Boone, NC) in 2011 with a degree in Sustaina- ble Development. After spending time with various AmeriCorps programs, the US Forest service and various non profits, he decided to pursue change through finance, by becoming an advisor with Natural Investments. After getting licensed in 2016, and moving back to Western North Car- olina he has also pursued other interests in both affordable housing and sustainable forestry in Appalachia. Disciplinary Information Evan Quirk-Garvan has not had a disciplinary action in the last 10 years. Other Business Activity Evan Quirk-Garvan does not have investment-related business activity outside of his work with Natural Investments. Additional Compensation Evan Quirk-Garvan does not receive additional compensation or any economic benefit for provid- ing advisory services, outside of his work with Natural Investments. Supervision Evan Quirk-Garvan is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 at christopher@naturalinvestments.com. Supervision consists of review of corre- spondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Evan Quirk-Garvan also participates in annual compliance training. Additional information about Evan Quirk-Garvan is available on the SEC’s website at www.advis- erinfo.sec.gov. Greg Pitts 607.216.8308 17 Milford Drive, White Plains, NY 10606 gpitts@naturalinvestments.com Educational Background and Business Experience Greg Pitts is one of Natural Investments’ Northeast advisors, based in White Plains, NY. Born in 1958 in Detroit, he graduated from Kalamazoo College in 1980. Over the next twenty years, he was a research scientist at one of the country’s premiere R&D consortiums, Microelectronics and Computer Technology Corporation (MCC), where he led a ground-breaking study of the life cycle of a computer workstation, which laid the foundation for a $20M program fostering Natural Investments Disclosure Brochure with Supplement 2B February 2026 30  environmentally conscious manufacturing initiatives, funded by the Department of Energy. His fi- nal project with MCC was leading a non-profit spin-off to design an eco-industrial park centered on recovering and recycling electronics at the end of their useful life; however, the politics, poli- cies, processes, and profits were not yet coalescing to realize this vision. Greg headed northeast to Ithaca in 2001 for a slower pace and lower footprint lifestyle. At his new co-housing community, EcoVillage at Ithaca, he oversaw construction and finances for a new neighborhood of 30 homes. Drawing on his business background, he began helping friends and neighbors with their personal finances and discovered a passion for the work. Greg enrolled in Boston University and received a certificate in financial planning in 2007, then started his own RIA firm, Ecolibrium Financial Planning, as a member of the Garrett Planning Net- work. In addition, Greg has received training in life planning from the Kinder Institute. Because of his commitment to sustainable and responsible money management, he also joined the First Affirmative Financial Network, where Hal and Jack Brill began as advisors before found- ing Natural Investments. Greg became part of the Natural Investments in 2011, and retired his RIA firm in 2012, upon completing the transition of his clients to NI. In 2017, Greg became a partner in Natural Investments. In 2018, Greg and his family re-located to Westchester County, just north of New York City, for a change in lifestyle, along with more regular access to all that NYC has to offer in the financial markets and impact investment opportunities for clients. Disciplinary Information Greg Pitts has not had a disciplinary action in the last 10 years. Other Business Activity Greg Pitts does not have investment-related business activity, outside of his work with Natural In- vestments. Additional Compensation Greg Pitts does not receive additional compensation or any economic benefit for providing advi- sory services, outside of his work with Natural Investments. Supervision Greg Pitts is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Greg Pitts also participates in annual compliance training. Hal Brill 970.527.6550 PO Box 747, Paonia, CO 81428 hb@naturalinvestments.com Educational Background and Business Experience Hal co-founded Natural Investment Services, Inc., in 1999 with his father Jack. He was born in 1956 in Ohio and lived 9 years in the greater New York area until his family moved to San Diego, Natural Investments Disclosure Brochure with Supplement 2B February 2026 31  CA. He received a B.A. in Environmental and Cultural Geography from the University of Califor- nia, Berkeley, in 1980. After college he worked as a children’s environmental educator, then participated in peace walks across the United States and Europe. While living in Santa Fe, NM, he co-founded four community-based organizations addressing issues of low-income housing and economic development, youth education, and ecological living. His career in SRI began in 1990 when he became a Registered Representative with Walnut Street Securities, Inc. He also worked as an Investment Advisor for First Affirmative Financial Network from June 1992 through Decem- ber 2001. In 1996, he moved to Paonia, CO. Hal served as President of Natural Investment Services, Inc., from January 1999 until March 2007. From April 2007 to 2014, he was a managing partner of Natural Investments. Hal was an owner of NI until 2023 when all ownership moved to the Natural Investments Purpose Trust. Hal actively participates in community sustainability ef- forts, green building and organic farming. Hal is a co-author of The Resilient Investor: A Plan for Your Life, Not Just Your Money (Berrett-Koehler, 2015). Disciplinary Information Hal Brill has not had a disciplinary action in the last 10 years. Other Business Activity Hal Brill does not have investment-related business activity, outside of his work with Natural In- vestments. Additional Compensation Hal Brill does not receive additional compensation or any economic benefit for providing advi- sory services, outside of his work with Natural Investments. Supervision Hal Brill is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Hal also participates in annual compliance training. Additional information about Hal Brill is available on the SEC’s website at www.advis- erinfo.sec.gov. Isaac Goldowitz 718-905-9216 69 Hoffman Street, Kingston, NY 12401 isaac@naturalinvestments.com Educational Background and Business Experience Isaac Goldowitz serves both New York City and upstate New York as a representative of Natural Investments. Born in 1995 in Queens, NY, he was raised in both Queens and Kingston, NY. Isaac pursued a degree in Mathematics with a minor in Finance at McGill University in Montreal, Can- ada, graduating in September 2019. After completing his studies, he began his career at Manulife Securities as a wealth management associate. In January 2022, he transitioned into the Natural Investments Disclosure Brochure with Supplement 2B February 2026 32  cryptocurrency industry, joining Argo Blockchain as a Crypto Analyst in its innovation division. Argo Blockchain was a company dedicated to mining Bitcoin using 100% renewable energy. Fol- lowing his time at Argo Blockchain, Isaac worked as a Financial Advisor at Northwestern Mutual, a mutual life insurance carrier. In October 2024, he moved his practice to Natural Investments, where he now focuses on socially responsible investing (SRI) and financial planning. Disciplinary Information Isaac Goldowitz has not had a disciplinary action in the last 10 years. Other Business Activity Isaac Goldowitz does not have investment-related business activity outside of his work with Natu- ral Investments. Additional Compensation Isaac Goldowitz does not receive additional compensation or any economic benefit for providing advisory services, outside of his work with Natural Investments. Isaac Goldowitz is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, and review of advertising materi- als. Isaac Goldowitz also participates in annual compliance training. James Frazier, CFP® 808.876.1786 360.379.0295 P.O. Box 901311, Kula, HI 96790 4730 University Way NE, Ste. 104 #5363, Seattle, WA 98105 james@naturalinvestments.com Educational Background and Business Experience James Frazier is a Certified Financial Planner® specializing in Socially Responsible Investing (SRI) with over twenty-five years of experience in the investment industry. Based in the Willamette Val- ley of Oregon and Maui, Hawai’i, he helps progressive investors across the country achieve their long-term financial goals while addressing some of the greatest challenges of our time. James joined Natural Investments as a financial advisor in 2009, served as a partner from 2017 to 2023, and joined NI’s Trust Stewardship Committee in 2024. He was the founder of the Local Investing Resource Center, a nonprofit website dedicated to local investing education and advocacy, and a founding member of the pioneering Local Investing Opportunities Network (LION) of Port Town- send, WA. He earned a Bachelor’s degree in economics, specializing in finance, from the Wharton School of the University of Pennsylvania, and was born in California in 1974. Disciplinary Information James Frazier has not had a disciplinary action in the last 10 years. Other Business Activity Natural Investments Disclosure Brochure with Supplement 2B February 2026 33  James Frazier does not have investment-related business activity, outside of his work with Natural Investments. Additional Compensation James Frazier does not receive additional compensation or any economic benefit for providing ad- visory services, outside of his work with Natural Investments. Supervision James Frazier is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. James also participates in annual compliance training. Additional information about James Frazier is available on the SEC’s website at www.advis- erinfo.sec.gov. Jamonica Brown 252.299.6472 10413 Whitemark Lane, Cary, NC 27511 jamonica@naturalinvestments.com Educational Background and Business Experience Born in 1996 in Wilson, North Carolina, Jamonica earned her bachelor’s degree in Psychology from Fayetteville State University, with a minor in Sociology. She later pursued graduate-level coursework in Human Development and Family Studies, where she worked as a graduate re- search assistant. During this time, Jamonica co-led and coordinated a culturally responsive parenting program designed specifically for Black mothers experiencing homelessness and resid- ing in shelter-based housing in the Greensboro area. Alongside her academic work, Jamonica was employed in social services, supporting individuals and families through public assistance programs, including rental and utility assistance and food assistance. This experience further shaped her understanding of the economic and systemic chal- lenges many families face and the role financial stability plays in overall well-being. Jamonica transitioned into financial services and began her career at Fidelity Investments, where she worked as a Workplace Planning Consultant, supporting employees with retirement planning, investment education, and financial wellness guidance. She later joined a wealth management firm as a Client Service Specialist, gaining hands-on experience with comprehensive financial planning, client operations, and investment support. In 2025, Jamonica joined Carrie B. VanWinkle’s advisory team at Natural Investments as an Asso- ciate Advisor. In this role, she supports clients with financial planning and values-aligned investment strategies, drawing on her interdisciplinary background in psychology, social services, and finance to help clients navigate financial decisions with clarity and care. Disciplinary Information Jamonica Brown has not had a disciplinary action in the last 10 years. Natural Investments Disclosure Brochure with Supplement 2B February 2026 34  Other Business Activity Jamonica Brown is the founder of Aligned Support Co., which provides non-client-facing para- planning and operational support services to women financial advisors. Jamonica Brown does not provide investment advice to clients through this business. Additional Compensation Jamonica Brown does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Supervision Jamonica Brown is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Jamonica also participates in annual compliance training. Additional information about Jamonica Brown is available on the SEC’s website at www.adviserinfo.sec.gov. Joel Koerner 502.454.3839 1927 Harvard Drive, Louisville, KY 40205 joel@naturalinvestments.com Educational Background and Business Experience Joel was born in Iowa City, Iowa in 1984. Growing up in eastern Iowa, his passion for social jus- tice was planted and nurtured by family members and his church community. After receiving a BA in history from Bluffton University in 2007, Joel spent a year working for the Independent Jamai- can Council for Human Rights in Kingston, Jamaica. He then attended Drake University Law School where he earned a JD in 2011 and subsequently spent several years working in health benefits administration. Joel joined Natural Investments in 2015, working in client services for Just Money Advisors based in Louisville, KY. He received his Series 65 licensure in 2017 and advises his own clients as well as continuing to work for Just Money Advisors. Drawing upon his experiences in the fields of hu- man rights, law and health care, Joel loves working with individuals who seek to effect positive change in the world through the use of money. Joel attends and is very involved with Jeff Street Baptist Community at Liberty, a progressive church in Louisville with a strong commitment to social justice. Together with his spouse, Maria, he enjoys hiking in the region’s many state and local parks. Disciplinary Information Joel Koerner has not had a disciplinary action in the last 10 years. Other Business Activity Joel Koerner does not have investment-related business activity, outside of his work with Natural Investments. Additional Compensation Natural Investments Disclosure Brochure with Supplement 2B February 2026 35  Joel Koerner does not receive additional compensation or any economic benefit for providing ad- visory services, outside of his work with Natural Investments. Supervision Joel Koerner is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Joel also participates in annual compliance training. Additional information about Joel Koerner is available on the SEC’s website at www.advis- erinfo.sec.gov. Kate Poole 443.604.3089 441 S 44th Street, Philadelphia, PA 19104 kate@naturalinvestments.com Educational Background and Business Experience Kate Poole is a Financial Advisor specializing in working with young inheritors of wealth. Kate joined Natural Investments PBLLC, in 2018, with her business partner, Tiffany Brown. Together they co-founded Chordata Capital. Kate started her work in the New Economy space at Schumacher Center for New Economics after graduating from Princeton University in 2009, where she earned a Bachelor’s degree with honors in Religion, specializing in the intersection of spiritual beliefs and economic action. She went on to work with Michael Shuman from 2010-2014, researching local investing for his books Local Dollars, Local Sense and The Local Economy Solution. She co-founded Regenerative Finance in 2014 to organize other young people with wealth to shift control of capital to communities most affected by racial, economic and environmental injustices. She is a member of Resource Generation, a nonprofit organizing young people with wealth to re- distribute land, wealth and power. She served on the board of directors of the New Economy Coalition from 2018-2023. Kate may occasionally consult with outside organizations regarding race and social justice, and some of these organizations may receive investments from NI clients. Kate was born in New York in 1987. Based in Philadelphia, PA Kate loves dance and feminist per- formance art, and enjoys creating comics about Buddhist economics, Jewish economics, and racial justice and reparations. Disciplinary Information Kate Poole has not had a disciplinary action in the last 10 years. Other Business Activity Kate Poole does not have investment-related business activity outside of her work with Natural In- vestments. Additional Compensation Natural Investments Disclosure Brochure with Supplement 2B February 2026 36  Kate Poole does not receive additional compensation or any economic benefit for providing advi- sory services, outside of her work with Natural Investments. Supervision Kate Poole is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Kate also participates in annual compliance training. Additional information about Kate Poole is available on the SEC’s website at www.advis- erinfo.sec.gov. Kirbie Crowe, CFP®, AIF® 864.631.5612 114 Berea Drive, Greenville, SC 29617 kirbie@naturalinvestments.com Educational Background and Business Experience Currently residing in her hometown of Greenville, SC, Kirbie enjoyed living in Colorado and Ver- mont before finding her way back to the South. She holds master’s degrees in Art History (University of Denver, 2004) and Intercultural Service, Leadership, and Management (SIT Gradu- ate Institute, 2013), and has sought professional opportunities that allow her to put her passion for a variety of social and environmental causes into action. Before joining Natural Investments in 2018, Kirbie worked with Goodwill Industries of the Up- state/Midlands SC, where she developed her love of working one-on-one with individuals, improving their work readiness and financial literacy skills. She has also worked with the Upstate SC conservation nonprofit Upstate Forever to help them meet their goals through fundraising initi- atives and a membership program. While there, she grew her interests in land conservation, smart growth, and clean air and water issues, and experienced firsthand how charitable giving can effect significant change. As a volunteer, Kirbie serves as a teacher for Soteria Community Development Corporation, a nonprofit that empowers citizens returning from prison to succeed personally and professionally. Annually during tax season she serves as a tax preparer with the IRS VITA (Volunteer Income Tax Assistance) program. Disciplinary Information Kirbie Crowe has not had a disciplinary action in the last 10 years. Other Business Activity Kirbie Crowe does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Natural Investments Disclosure Brochure with Supplement 2B February 2026 37  Kirbie Crowe does not receive additional compensation or any economic benefit for providing ad- visory services, outside of her work with Natural Investments. Supervision Kirbie Crowe is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Kirbie also participates in annual compliance training. Additional information about Kirbie Crowe is available on the SEC’s website at www.advis- erinfo.sec.gov. Kulu Maphalala 503.915.0091 15-2831 Pahoa Village Road, Pahoa, HI 96778 kulu@naturalinvestments.com Educational Background and Business Experience Kulu Maphalala is based on the Big Island of Hawaii and offers investment advising and financial planning services to clients across the United States. Born in 1996, Kulu earned her bachelor’s de- gree from Pomona College in 2017. After graduating, she moved to Washington, D.C., where she worked in the federal government on policy and enforcement related to consumer protection, technology policy, and international relations at the United States Department of Justice Antitrust Division and the United States Senate. In 2021, Kulu began her career in social finance with Natural Investments as part of Malaika Maphalala’s advisory team. She has since launched her own advising practice, focusing on help- ing clients align their investments with their values. Since 2023, Kulu has also served as Natural Investments’ Director of Investment Research, in our investment analyst, and is a member of the firm’s Investment Committee. Disciplinary Information Kulu Maphalala has not had a disciplinary action in the last 10 years. Other Business Activity Kulu Maphalala does not have investment-related business activity outside of her work with Natu- ral Investments. Additional Compensation Kulu Maphalala does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Supervision Kulu Maphalala is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, Natural Investments Disclosure Brochure with Supplement 2B February 2026 38  review of advisor personal investment transactions and holdings, review of advertising materials. Kulu also participates in annual compliance training. Additional information about Kulu Maphalala is available on the SEC’s website at www.advis- erinfo.sec.gov. Malaika Maphalala, CPWA® 503.915.0090 HI: 808-938-9121 Tollfree: 877.424.2140 P.O. Box 1919, Hilo, HI 96721 malaika@naturalinvestments.com Educational Background and Business Experience Malaika Maphalala is Natural Investments’ Financial Advisor based in Oregon and Hawaii. Born in 1969, Malaika spent her early childhood in Swaziland and Botswana before moving to the United States. She is a graduate of the Johnston Center for Integrative Studies at the University of Redlands where in 1991 she received a BA with High Honors in Fine Art and Ethnic Studies. Ma- laika became a licensed advisor with Natural Investments in 2009, and a partner in the firm in early 2017. In 2023, Natural Investments transitioned to a Purpose Trust Ownership model, and Malaika is a current member of its Trust Stewardship Committee. She holds a Certified Private Wealth Advisor® (CPWA®) designation administered by the Investments and Wealth Institute™ in conjunction with The University of Chicago Booth School of Business since 2015. The CPWA® designation is the country's only advanced designation specifically for wealth managers working with high-net-worth-clients on the life cycle of wealth: accumulation, preservation, and distribu- tion. As a Wealth Advisor, Malaika provides portfolio management and financial planning for a small group of high-net-worth individuals, families, and institutions across the country that want to use their wealth as a tool to help transform society and economic systems using humane, restorative, and ecological principles as the guide. With specialized expertise in the often complex financial planning needs of high-net-worth investors, Malaika provides guidance and support in planning for trusts, charitable giving, estate transfers, tax management, and addressing family dynamics re- lated to wealth. Alongside her investment advisory work, she has also served as a member of the Impact Assets IA50 review committee since 2020, and is a member of the LPAC (Limited Partner Advisory Committee) for New Summit Impact Funds, and in 2026, became a member of the Transformative 25 Review Committee.. Prior to her work with Natural Investments, Malaika spent 10 years in the non-profit sector as an independent consultant providing administrative, development, and program management ser- vices for numerous socially driven organizations in Hawaii and Oregon. After transitioning to the field of finance, Malaika served as the Business Manager for a private investment firm specializing in foreign currency trading where she worked directly with high net-worth investors and devel- oped and implemented fiscal tracking systems. An important aspect of her work included helping the firm develop its goals to commit a portion of profits for social good. Disciplinary Information Malaika Maphalala has not had a disciplinary action in the last 10 years. Other Business Activity Natural Investments Disclosure Brochure with Supplement 2B February 2026 39  Malaika Maphalala does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Malaika Maphalala does not receive additional compensation or any economic benefit for provid- ing advisory services, outside of her work with Natural Investments. Supervision Malaika Maphalala is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Malaika also participates in annual compliance training. Additional information about Malaika Maphalala is available on the SEC’s website at www.advis- erinfo.sec.gov. Maria Koerner 502.454.3839 1927 Harvard Drive, Louisville, KY 40205 maria@naturalinvestments.com Educational Background and Business Experience Maria joined Natural Investments in 2023, starting out by working in client services for Just Money Advisors based in Louisville, Kentucky. She received her Series 65 licensure in 2024. Maria was born in Columbus, Ohio in 1983. After receiving a BA in Communication from Bluff- ton University in 2005, Maria completed one year of voluntary service at a multicultural community center in Louisville which led to the first phase of her career. She earned a Master of Science in Social Work from the University of Louisville in 2008. Maria worked in the nonprofit sector for 17 years, including the administration of the refugee re- settlement program in Kentucky for nearly a decade. Her nonprofit work included managing federal grant programs and budgets and coordinating a Volunteer Income Tax Assistance (VITA) site for three tax seasons. She is excited to utilize her skills and passion for social justice in a new field. Disciplinary Information Maria Koerner has not had a disciplinary action in the last 10 years. Other Business Activity Maria Koerner does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Maria Koerner does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Natural Investments Disclosure Brochure with Supplement 2B February 2026 40  Supervision Maria Koerner is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Maria also participates in annual compliance training. Additional information about Maria Koerner is available on the SEC’s website at www.advis- erinfo.sec.gov. Michael Kramer, Manager 808.443.1456 888.779.1500 2041 East Street, PMB 1360, Concord CA 94520 michael@naturalinvestments.com Educational Background and Business Experience Michael Kramer has been a Manager since 2007 and became a Trust Steward in 2023. He is also the Director of Research with Natural Investments PBLLC. Born in 1967 and raised in Los Angeles, Michael graduated from Tufts University in 1988 with degrees in Political Science and Child De- velopment. He received a Master’s degree in Education from Harvard University in 1990. Michael has served in various administrative positions to educate people locally and nationally about the importance of regenerative consciousness and lifestyle. He founded Youth Ecology Corps in 1992, taught sustainable design and economics for over 20 years through schools, colleges and insti- tutes, and has been an executive-, development-, and program-director and consultant to dozens of sustainability-focused organizations and government agencies. A National Service Fellow dur- ing the Clinton Administration, Michael moved to Hawai’i in 1999, where he became the state’s first exclusively SRI advisor. He joined Natural Investment Services, Inc., in 2000 after nine years of personal natural investing experience. Michael became a Managing Partner of Natural Invest- ments LLC in 2007. He maintains considerable focus on corporate practices, regulatory policy, community development, and regenerative investing. Michael serves on the Policy Committee of the SRI industry trade association, USSIF: The Forum for Sustainable and Responsible Investment since 2014, and was a member of the Board of Directors from 2018-2020. Michael is a co-author of The Resilient Investor: A Plan for Your Life, Not Just Your Money (Berrett-Koehler, 2015). In Ha- waii, Michael serves on the board of West Hawai’i Community Kitchen. He created the Kuleana Green Business Program of the Kona-Kohala Chamber of Commerce in 2006. Disciplinary Information Michael Kramer has not had a disciplinary action in the last 10 years. Other Business Activity Michael Kramer does not have investment-related business activity outside of his work with Natu- ral Investments. Additional Compensation Natural Investments Disclosure Brochure with Supplement 2B February 2026 41  Michael Kramer does not receive additional compensation or any economic benefit for providing advisory services, outside of his work with Natural Investments. Supervision Michael Kramer is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Michael also participates in annual compliance training. Additional information about Michael Kramer is available on the SEC’s website at www.advis- erinfo.sec.gov. Nicole Middleton Holloway, CFP® Office: 888.657.7823 Cell: 323.841.1491 4100 Redwood Road STE 20A - #110, Oakland, CA 94619 nicole@naturalinvestments.com Educational Background and Business Experience Nicole Middleton Holloway is a Financial Advisor and joined Natural Investments in 2020. She is also the co-founder of Strategy Squad Insurance Services, LLC d.b.a. Strategy Squad. Born in 1985 and raised in Oakland, CA, Nicole graduated from the Ageno School of Business at Golden Gate University in 2017, where she earned a master’s degree in Financial Planning, and the University of Southern California in 2007 with a bachelor’s degree in English and Communications. Prior to working in financial services, Nicole spent the first decade of her professional career working in the entertainment industry. She helped produce popular shows for FX Networks, and served as a producer and communications director for actor and activist, Danny Glover. As Nicole took on more special projects related to social justice, and women and girls empowerment, she began to witness the power of money to accelerate positive social change. She also saw a greater need for more financial education in her community and more representation of women of color in professional advising roles within the financial services industry. Nicole’s mission as a financial advisor is to support and empower women and conscious investors as they take confident steps towards financial independence, and help them make a positive im- pact with their wealth — in their families, in their communities, and in the world. She specializes in comprehensive personal financial planning and portfolio management for high net worth indi- viduals, families, and institutions. After transitioning to the field of finance, Nicole held a financial advising role with Merrill Lynch Wealth Management in San Francisco, where she worked on a senior team of advisors to provide wealth management services and solutions for high-net worth individuals and families. She has also held past roles in the nonprofit and philanthropic sectors, including as a consultant and phil- anthropic advisor at East Bay Community Foundation. Nicole stays involved in her local community and was a regular instructor with Uptima Entrepreneur Cooperative, a cooperative business based in Oakland that provides entrepreneurs with greater access to education, mentor- ship, and resources to create thriving businesses. Nicole has also been a recipient of funding from Natural Investments Disclosure Brochure with Supplement 2B February 2026 42  RUNWAY. When she’s not working, Nicole enjoys family time with her husband and two daugh- ters. Disciplinary Information Nicole Middleton Holloway has not had a disciplinary action in the last 10 years. Other Business Activity Nicole Middleton Holloway does not have investment-related business activity outside of her work with Natural Investments. Additional Compensation Nicole Middleton Holloway does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Supervision Nicole Middleton Holloway is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of re- view of correspondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising ma- terials. Nicole also participates in annual compliance training. Additional information about Nicole Middleton Holloway is available on the SEC’s website at www.adviserinfo.sec.gov. Ryan Jones-Casey, CFP®, AIF®, MBA O: 206.782.1205 | C: 206.715.9676 394 S Lake Avenue, Suite 400, Duluth, MN 55802 ryanjones-casey@naturalinvestments.com Educational Background and Business Experience Ryan Jones-Casey is a Certified Financial Planner® with more than 17 years of experience imple- menting socially-responsible investment strategies on behalf of his clients. Ryan started his career while living in Seattle, WA and now resides in Duluth, MN where he continues to serve clients around the country. Ryan serves as one of seven elected Trust Stewards of Natural Investments PBLLC, responsible for overseeing the long-term strategic direction of the firm while ensuring the mission, vision and val- ues of the firm are achieved. Ryan is passionate about helping grow the socially-responsible and impact investing movement, particularly through community investing and cooperative business models. He serves as the board chair of One Roof Community Housing, a non-profit based in Duluth, MN committed to providing housing services and building and sustaining affordable homes and healthy neighbor- hoods. Ryan is a Certified Financial Planner® and holds the Accredited Investment Fiduciary® credential awarded by the Center for Fiduciary Studies. He earned a Bachelor’s degree in business/econom- ics from Wheaton College in 2005 and a Masters in Sustainable Business from Bainbridge Graduate Institute in 2010. Ryan was born in Connecticut in 1982. Natural Investments Disclosure Brochure with Supplement 2B February 2026 43  Disciplinary Information Ryan Jones-Casey has not had a disciplinary action in the last 10 years. Other Business Activity Ryan Jones-Casey does not have investment-related business activity, outside of his work with Natural Investments. Additional Compensation Ryan Jones-Casey does not receive additional compensation or any economic benefit for provid- ing advisory services, outside of his work with Natural Investments. Supervision Ryan Jones-Casey is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 at christopher@naturalinvestments.com. Supervision consists of review of corre- spondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Ryan Jones-Casey also participates in annual compliance training. Additional information about Ryan Jones-Casey is available on the SEC’s website at www.advis- erinfo.sec.gov. Sylvia Panek 847.786.5706 5940 N. Sheridan Ave, Chicago, IL 60660, P.O. Box 409178, Chicago, IL 60640 sylvia@naturalinvestments.com Educational Background and Business Experience Born and raised in Chicago as of 1981, Sylvia attended Illinois State University in Normal, IL and graduated with honors to achieve a dual bachelor’s degrees in international business and Market- ing in 2004. In 2014, Sylvia completed a Sustainability MBA in Green Development and Urban Planning at Marylhurst University. She obtained a Series 65 license in 2017. Sylvia worked at Green America, an organization devoted to a sustainable economy and planet, within their socially responsible investment division. She also worked with the financial associa- tion US SIF – The Forum for Sustainable and Responsible Investment for eight years, serving as their Assistant Director of Operations and Development, which included the management of its Community Investment Working Group. Before joining Natural Investments, Sylvia returned to Chicago and consulted for several years with financial professionals on socially responsible in- vestments, including the advisory firm Impact Investors. She served on the board of directors for Chicago 350.org and currently served on the board of Envest Microfinance Fund. Disciplinary Information Sylvia Panek has not had a disciplinary action in the last 10 years. Natural Investments Disclosure Brochure with Supplement 2B February 2026 44  Other Business Activity Sylvia Panek does not have investment-related business activity, outside of her work with Natural Investments. Additional Compensation Sylvia Panek does not receive additional compensation or any economic benefit for providing ad- visory services, outside of her work with Natural Investments. Supervision Sylvia Panek is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Sylvia also participates in annual compliance training. Additional information about Sylvia Panek is available on the SEC’s website at www.advis- erinfo.sec.gov. Tiffany Ann Brown 831.334.1873 910 Spring Street, Santa Rosa, CA 95404 tiffany@naturalinvestments.com Educational Background and Business Experience Tiffany joined the Natural Investments team in 2018, with her business partner, Kate Poole. To- gether, they co-founded Chordata Capital, LLC. She is based in Santa Rosa, CA, and is a Registered Investment Advisor Representative with her FINRA Series 65 License. Tiffany was born in 1980 in San Francisco. She worked in the non-profit sector for over a decade before transitioning into her work in fi- nance. Her career has ranged from being Co-Director at YES!, Board member at Common Fire Foundation, founding advisor to Kindle Project Foundation, to directing national leadership re- treats at Resource Generation. Most of her work has been focused on working with young people with wealth. Her entry into social justice work was through learning about race and racism in the US, and in- terning with the SE Regional NAACP in Atlanta, GA. Tiffany cultivated her zest for justice at the University of California at Santa Cruz, where she graduated in 2002 with a bachelor’s degree in Community Studies. She served on Resource Generation’s National Member Council, and on the Finance Committee for Haymarket People’s Fund. Tiffany was on the board of Kitchen Table Advisors and served on the Board of Pie Ranch, Resource Generation & the Center for Economic Democracy. Tiffany was an RSF Fellow in the inaugural Integrated Capital Fellowship. Tiffany may occasionally consult with outside organizations regarding race and social justice, and some of these organizations may receive investments from NI clients. Natural Investments Disclosure Brochure with Supplement 2B February 2026 45  Disciplinary Information Tiffany Brown has not had a disciplinary action in the last 10 years. Other Business Activity Tiffany Brown does not have investment-related business activity, outside of her work with Natural Investments. Additional Compensation Tiffany Brown does not receive additional compensation or any economic benefit for providing advisory services, outside of her work with Natural Investments. Supervision Tiffany Brown is supervised by NI Manager Christopher Peck. Christopher can be reached at 707.758.0171 and at christopher@naturalinvestments.com. Supervision consists of review of cor- respondence, review of questionnaires and Investment Policy Statements developed for clients, review of advisor personal investment transactions and holdings, review of advertising materials. Tiffany also participates in annual compliance training. Additional information about Tiffany Brown is available on the SEC’s website at www.advis- erinfo.sec.gov. Professional Certifications NI advisors and their employees have earned certifications and credentials that are required to be explained in further detail here. A Certified Financial Planner® practitioner is licensed by the CFP® Board to use the CFP® mark. The CFP® certification requirements are found at https://www.cfp.net/get-certified/certification- process and may not be the requirements in place when the credential was obtained. Holders of the Accredited Investment Fiduciary® (AIF®) designation are licensed through fi360's AIF® Training programs. The AIF® provides training in practices that cover pertinent legislation and best practices in investment management and fiduciary responsibility. The AIF certification re- quirements are found at https://www.fi360.com/what-we-do/learning-development/aif-designation and may not be the requirements in place when the credential was obtained. A Certified Financial Transitionist (CeFT®) is certified by The Financial Transitionist Institute and requirements can be found at https://www.finra.org/investors/professional-designations/ceftr. The Accredited Asset Management Specialist™ (AAMS®) designation is awarded by the College for Financial Planning to investment professionals who complete its 12-module AAMS® Profes- sional Education Program, pass an examination, commit to a code of ethics and agree to pursue continuing education. Holders of the Certified Private Wealth Advisor® (CPWA®) designation are licensed to use the mark by the Investment Management Consultants Association® and requirements can be found at https://www.finra.org/investors/professional-designations/cpwa. The CHARTERED SRI COUNSELORSM – CSRIC® designation is a program that provides a blend of foundational knowledge and scenario learning to work with sustainable, responsible, and im- pact (SRI) investments, alongside environmental, social, and governance (ESG) factors, for a Natural Investments Disclosure Brochure with Supplement 2B February 2026 46  variety of clients. More can be found at https://www.kaplanfinancial.com/wealth-manage- ment/csric . Natural Investments Disclosure Brochure with Supplement 2B February 2026 47