Morse Asset Management, Inc.

Our Process

Fundamental and Quantitative Analysis

• Positive growth potential with reasonable relative forward valuation
• Emphasis on rising cash flow yield and accelerating revenue and earnings.

Weight of the Evidence

• Decision-making based on fundamentals, experience, and time-tested metrics that have proven to exist over long periods and throughout multiple market cycles.

Consistency of Application

• The stock selection process is consistent and repeatable.

Our Philosophy

Morse Asset Management, Inc. believes decision making is the culmination of analysis that results in action. Our conservative Investment Philosophy is based upon investment research, teamwork, and experience. Disciplined long term investing works.

• Experience and knowledge matter. Our team is made up of a seasoned group of investment experts with proven records.
• Long term fundamental factors, which have proven to exist in quality companies and typically found in companies that possess a competitive advantage and grow revenue, cash flow and profits.
• Confidence stems from strategies that are consistent, repeatable, and verifiable.

Leadership

Robert B. Morse, Chief Executive Officer, Chief Investment Officer and the Senior Portfolio Manager

Mr. Morse is the Chief Executive Officer, Chief Investment Officer and the Senior Portfolio Manager of Morse Asset Management, Inc. (“MAM”). He was formerly the Chairman of CG Funds Trust, Portfolio Manager of the CG Core Total Return Fund, and a Managing Director of CG Asset Management LLC. Rob has been working with high net worth and institutional clients for 20 years. Prior to joining the firm, Rob spent four years managing money at Merrill Lynch. From 2007 to 2011, Mr. Morse worked at UBS Investment Bank managing institutional investor relationships. Rob began his career in 2003 with Morse, Williams and Co., Inc., a registered investment advisor. Mr. Morse received a Bachelor of Arts in Environmental Policy with a focus in Economics from Colby College in 2003.

Jian H. Wang, Principal and Managing Director

Mr. Wang is a Principal and Managing Director of MAM, and was formerly a Managing Director of CG Asset Management LLC. Prior to that, Jian was involved in Investment Research and Trading at Evercore Wealth Management as a Vice President. He has over 29 years of experience, including seven years as the head trader at the Wall Street Fund and a portfolio manager and Principal at Morse, Williams & Co, Inc. His prior positions include options trading, administrative work at the Mechanical Engineering Department of Tung-Ji University in Shanghai and sales for Siemens, also in Shanghai. Jian graduated from Long Island University in 1991 and received an M.B.A. in Finance from the New York Institute of Technology in 1995.

I. Andrew McLaughlin, Chief Compliance Officer

Mr. McLaughlin is the Chief Compliance Officer, a Principal and Executive Vice President of MAM, and was formerly the EVP of CG Asset Management LLC. He has well over a decade of experience in serving high net worth individuals, families and related institutions. Prior he was a Vice President and Wealth Advisor at Evercore Wealth Management. He joined Evercore in 2010 following the firm’s merger with Morse, Williams and Co., Inc., a registered investment advisor. Andrew is a financial principal of the firm, focused on relationship management and selected research. Andrew graduated from the University of Vermont with a Bachelor of Arts degree in History.

Lauren K. Adelman, Principal and Vice President

Ms. Adelman is a Principal and Vice President of MAM, and was formerly an Associate at CG Asset Management LLC. She has over 18 years experience in the financial industry, having started her financial career in the biotech area of the Equity Research department of Bear, Stearns & Co. Inc. before working alongside the investment advisor, John Paulson, at Paulson & Co. Inc. for years. Lauren has since been employed in the Private Equity sector. Ms. Adelman graduated from the Massachusetts Institute of Technology with a Bachelor of Science degree in Biology and a minor in Chemistry with a focus on Anthropology, and spent two years in the M.D. program at the George Washington University School of Medicine.

James K. Cushing, Vice President

Mr. Cushing is a Vice President of MAM, and was formerly with CG Asset Management LLC. James has over a decade of experience serving high net worth individuals, families and related institutions at Fiduciary Trust Company International. At Fiduciary Trust, he served as a relationship associate. James supported multiple portfolio managers and was directly responsible for responding to client requests and inquiries ranging from investment management, account administration and reporting, taxation, and trusts and estate planning. James attended Trinity College and earned a Bachelor of Arts degree in History.

Peter F. Kissel

Mr. Kissel joined the firm in 2024 and brings over 25 years of experience in finance and investments. In addition to his role as Director, Portfolio Manager, he also acts as a Senior Research Analyst. Beginning in 2005, he was a Senior Equity Analyst focused on the energy industry with both Howard Weil, Inc., a New Orleans, LA based energy investment boutique, and the Bank of Nova Scotia. Immediately prior to joining, Peter served as the Head of U.S. Corporate Access and Development for the Bank of Nova Scotia for four years. He was also a Financial Advisor with Morgan Stanley in New York in the beginning of his career. Peter received a Bachelor of Arts in Economics from Rollins College in 2000 and a Masters of Business Administration in Finance from Tulane University in 2005.

Morse Asset Management, Inc. believes decision making is the culmination of analysis that results in action. Our conservative Investment Philosophy is based upon investment research, teamwork, and experience. Disciplined long term investing works. Experience and knowledge matter. Our team is made up of a seasoned group of investment experts with proven records. Long term fundamental factors, which have proven to exist in quality companies and typically found in companies that possess a competitive advantage and grow revenue, cash flow and profits. Confidence stems from strategies that are consistent, repeatable, and verifiable with controlled risk.

Address: 23 Old Kings Highway South, Suite 200. Darien, CT 06820, USA

Andrew McLaughlin, Chief Compliance Officer: +1 646 568 4083