The following provides information about payments received by Stifel (as well as its affiliates, including Stifel Independent Advisors, hereafter referred to as “Stifel”) from investment advisers, distributors, or sponsors of investment products (“product sponsors”) as compensation for Stifel’s efforts in marketing and selling such products. These payments, which are commonly referred to as “revenue sharing” or “marketing support” payments, are paid by the product sponsors from their own resources and are not expenses of the products themselves or otherwise paid by clients or investors in the products. Stifel’s receipt of revenue sharing or marketing support payments presents a conflict of interest in that it gives Stifel an incentive to market, offer, promote, and sell products for which Stifel receives these payments over other products. Stifel Financial Advisors do not receive any portion of the revenue sharing or marketing support payments that are made to Stifel. For more detailed information, please contact your Stifel Financial Advisor.

Product sponsors of the mutual fund families below paid approximately $4.5 million in aggregate to Stifel in 2023 in the form of marketing support or revenue sharing payments. The amounts paid by these sponsors generally range between 0.02% and 0.08% of qualifying client assets in those funds per year, and/or 0.03% to 0.15% of gross sales in those funds per year. The fund families below are listed in order from highest to lowest amounts paid to Stifel over the 2023 calendar year.

American Funds
Franklin Templeton
Putnam
Dreyfus
PIMCO
Hartford
Wells Fargo
John Hancock
Pacific Life

Please see the prospectuses or statements of additional information for these fund families for more information.