M.D. Sass is a boutique asset management firm that has been creating highly differentiated investment strategies for over 49 years. We manage portfolios directly and also partner with early stage managers to build new and innovative investment businesses. We take pride in identifying undiscovered and misperceived opportunities through rigorous research. Form CRS

Seeding & Incubation DIFFERENTIATED PARTNERSHIP MODEL CURRENT PARTNERS SALES/EXITS Taurus Funds Management Pty Limited ("Taurus") is an investment adviser offering bespoke financing solutions to global mid-tier and junior mining companies nearing or currently in production. The firm was established in 2007 in partnership with M.D. Sass and Macquarie Group Ltd. and today manages over $2.0 billion across a set of metals/mining private debt and private equity strategies. AMERRA Capital Management, LLC ("AMERRA") is an agribusiness investment adviser offering customized capital solutions for up and mid-stream companies operating across agriculture markets in the Americas and Western Europe. The firm was established in 2008 in partnership with M.D. Sass and Macquarie Group Ltd. and today manages $1.8 billion across a set of agricultural private debt and private equity strategies. For more information on Taurus and AMERRA, please call 212.730.2000 or complete the short template in the Contact Us page. Form CRS

About Us OUR STORY EXECUTIVE COMMITTEE THE SASS FOUNDATION M.D. Sass was founded in March of 1972 on four key principles: Our belief that many attractive investment opportunities exist outside the bounds of the conventional wisdom of the moment Our willingness to conduct rigorous research to find and capture potential rewards and identify, measure and control risks Our dedication to providing clients with service and solutions tailored to their specific circumstances, objectives and risk tolerances Our commitment to invest our own capital alongside that of our clients Since then, we have started and grown 34 different investment businesses across a wide array of strategies. Today, the firm manages a range of equity, fixed income and alternative strategies for public funds, corporations, Taft-Hartley funds, endowments/foundations, private banks, registered investment advisors, and individuals. Form CRS

About Us OUR STORY EXECUTIVE COMMITTEE THE SASS FOUNDATION The SASS Foundation for Medical Research, Inc. was established in 1986 as a non-profit, non-sectarian foundation dedicated to medical research, education and patient care programs for cancer and related diseases. Please visit The SASS Foundation's web site for more information. Form CRS