Hypothetical Model Performance Disclosure
The investment performance presented on this page reflects the results of a model portfolio maintained by Cary Street Partners (“CSP” or “the Firm”) and constitutes hypothetical performance. This performance was not actually achieved by any individual client account and should not be interpreted as the performance of any specific client portfolio.

How the Model is Constructed
The model portfolio is managed using the same investment philosophy and strategy applied to actual client accounts. The model may hold the same securities recommended to clients during the same period, but variations in individual client objectives, such as differences in asset allocation, cash flows, tax considerations, account size, and investment restrictions, mean that individual client results will differ, sometimes materially, from the model results shown.

Criteria and Assumptions
The model performance shown is calculated on the basis of the following criteria and assumptions:

Time-weighting: Returns are calculated using a time-weighted methodology unless otherwise stated.

Cash flows: The model does not reflect the timing or impact of client-initiated cash flows (contributions or withdrawals), which can meaningfully affect individual client results.

Reinvestment: Dividends and other income are assumed to be reinvested unless otherwise stated.

Rebalancing: The model is rebalanced periodically in accordance with the strategy’s guidelines; individual accounts may be rebalanced at different intervals or thresholds.

Fees: Net performance reflects the deduction of a model fee equal to the higher of (i) the highest advisory fee historically charged to clients in the intended audience for this presentation, or (ii) the highest advisory fee currently available to such clients, currently 1.0%

Taxes: Performance does not reflect the deduction of taxes on income, dividends, or capital gains, which would reduce returns.

Cary Street Partners is the trade name used by Cary Street Partners LLC, Member FINRA/SIPC; Cary Street Partners Investment Advisory LLC and Cary Street Partners Asset Management LLC, registered investment advisers. Registration does not imply a certain level of skill or training.

We undertake no duty or obligation to publicly update or revise the information contained in these materials. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. You should not view the past performance of securities, or information about the market, as indicative of future results.

Supplemental information available. Cary Street Partners is happy to provide you with additional information about the methodology, assumptions, or underlying data used to calculate this model performance upon request. Please contact your advisor or compliance@carystreetpartners.com.