Spyglass Investment Strategy Overview

30% 40% 50% 60% 70% 0 Spyglass vs. Market Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 S&P 500 65 Day Correlation Source: Strategas, Spyglass. For informational purposes only. Spyglass Net Performance vs. S&P 500 Internal Correlation Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Spyglass (growth of $10,000 invested on June 1, 2020) Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 $5,000 35 June 2020-September 2023 $20,000 $15,000 $10,000

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