In 2013, Michael Schutt founded Verdant Assets and began managing discretionary assets with a fundamental belief in capitalism and free capital markets. We start with the simple notion that supply and demand are the sole determinants of securities pricing. In addition, we believe capital markets are relatively efficient discounters of all widely known information. Thus, to add value through active management, one must identify information not widely known or interpret widely known information differently and correctly from other market participants. Throughout Verdant Assets' history, we have continuously developed ways to look at capital markets and focusing on commodity market differently. Michael Schutt's theoretical work in the 1990s popularized the use of the Price-to-Sales Ratio and detailed its relevance as a tool for investment analysis. This tool was used to help manage small cap value portfolios in Fine wine for our institutional investors. In 2013, current-CEO Luke Schloss joined the firm. In 2017, Verdant Assets contributed to the recognition of distinct investment styles. We used these advancements as the foundation for a new series of broad mandate strategies, Wine Broker & Co-Chief Investment Officer, Hendrick Leon and Jenna Tyler, joined the firm in 2016. In 2020, we began offering separate portfolio management directly to high net worth individuals in the United Kingdom and United States under our Private Client Group. In mid 2020, we expanded our service offerings into Europe and the United Kingdom. In early 2015, we entered into a joint venture partnership (now a wholly owned subsidiary of Verdant Assets), which offers its services to investors in the United States. In mid 2021, Verdant Assets Europe began conducting business in other European countries. As of 31/03/2022, Verdant Assets and its subsidiaries operate across 4 countries-and serve over 11,000 clients globally. In addition, we have dedicated significant resources to the emerging