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arties. Parts of the Dodd-Frank Act, such as the "Volcker Rule," may affect the number and type of partic
age Services LLC and National Financial Services LLC (collectively, referred to as "Fidelity") pursuant to which the Investment Manager compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. T
arties. Parts of the Dodd-Frank Act, such as the "Volcker Rule," may affect the number and type of partic
age Services LLC and National Financial Services LLC (collectively, referred to as "Fidelity") pursuant to which the Investment Manager compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. T
arties. Parts of the Dodd-Frank Act, such as the "Volcker Rule," may affect the number and type of partic
age Services LLC and National Financial Services LLC (collectively, referred to as "Fidelity") pursuant to which the Investment Manager compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. T
arties. Parts of the Dodd-Frank Act, such as the "Volcker Rule," may affect the number and type of partic
age Services LLC and National Financial Services LLC (collectively, referred to as "Fidelity") pursuant to which the Investment Manager compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. T
arties. Parts of the Dodd-Frank Act, such as the "Volcker Rule," may affect the number and type of partic
age Services LLC and National Financial Services LLC (collectively, referred to as "Fidelity") pursuant to which the Investment Manager compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. T
Entities connected to both Paul Volcker and Fidelity

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