Self-Directed Roth IRA Packet

edwardjones.com

Self-directed Roth IRA Packet

Edward Jones Client Relationship Summary

Important Information About Our Brokerage Services

Custodial Agreement

Disclosure Statement

Disclosure Statement Appendix A

Schedule of Fees for Individual Retirement Accounts

Privacy Notice

Revenue Sharing Disclosure

Based on your account, you may also receive:

Confirmation of Electronic Delivery Confirmation of Authorizations and Services

Brochure Supplement Important Information about Your Account

Client Services Agreement FINRA 2273 Educational Communication

All programs offer mutual funds offer All programs Generally, our programs require a require our programs Generally, We provide ongoing investment ongoing investment provide We , which also provides educational materials about about materials educational , which also provides advisor to select a portfolio model, we invest your your invest we model, select a portfolio advisor to select. you based on the portfolio account non-discretionary. are Other advisory programs offer financial advisor may means your This and you and recommendations, advice education, and sells in buys decisions for the yes/no make alignment with our guidance. Some of our advisory programs are discretionary. are Some of our advisory programs financial your with work you means after This - - nvestment authority: nvestment and ETFs, and certain programs also offer stocks, stocks, also offer programs and certain and ETFs, managed allocations bonds, CDs and separately be may and program by vary Investments (SMAs). value. account’s your based on limited Monitoring: stay help you to service standard as a monitoring guidance. within our investment minimums: Account and maintain an open to minimum investment program. by Minimums vary account. - offerings: Investment I - • • • Investment Advisory Services Advisory Investment several through advisory services investment offer We the primary features: are Here advisory programs. •

as June of 20, 2020

(Items 4 and 5 of each advisory program brochure) brochure) 4 and 5 of each advisory program (Items This This (Select Account agreements) (Select Account www.investor.gov/CRS We offer a variety of variety a offer We There is no minimum required is no minimum required There We may voluntarily review your your review voluntarily may We With a margin loan, you borrow money from us using securities in your account as collateral. as collateral. account us using securities in your from money borrow loan, you a margin With yes/no decision on which investments to buy to investments decision on which yes/no and sell. Our Select Account is non-discretionary. is non-discretionary. Our Select Account education, offer financial advisor may means your the make and you and recommendations, advice ww.edwardjones.com/advisorydisclosures ww.edwardjones.com/agreements - What is your relevant experience, including your licenses, education and other qualifications? and other qualifications? education licenses, including your experience, relevant is your What mean? do these qualifications What Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage Should I choose a brokerage advisory service? should I choose an investment financial situation, my Given not? or why Why Should I choose both types of services? service? me? to recommend to choose investments will you How w w to open or maintain a Select Account. open or maintain a Select Account. to investment guidance. However, we do not provide do not provide we However, guidance. investment with our Select Accounts. monitoring investment minimums: Account account types or at other firms. types or at account Monitoring: an recommend to whether determine to account with our account align your better to investment Depending on your account and investment type, type, and investment account Depending on your share certain purchase not be able to may you in other offered are investments Additional classes. investments including stocks, bonds, CDs, mutual bonds, CDs, including stocks, investments and annuities. funds (ETFs) funds, exchange-traded type and Select Account by vary Investments value. account’s based on your be limited may Investment offerings: Investment - Investment authority: Investment • • • • financial advisor: can ask your you and advice services about investment some questions are Here We offer margin loans in eligible, non-retirement Select Accounts and certain advisory program accounts. accounts. certain advisory program and Accounts Select non-retirement loans in eligible, margin offer We resources: these review your financial advisor or to talk offer, we about the services learn more To • Margin: Margin: • • • We offer brokerage services through our Select through services brokerage offer We the primary features: are Here Account. • We offer brokerage and investment advisory services as explained below. explained as advisory services and investment brokerage offer We Services Brokerage What investment services and advice can you provide me? me? provide can you and advice services investment What broker-dealers, investment advisers and investing. investment broker-dealers, and investment adviser. Brokerage and investment advisory services and fees differ, and it is important for and it is important differ, and fees advisory services and investment Brokerage adviser. and investment research to available tools are and simple free information, For more the differences. understand to you at professionals firms and financial provides you, the retail investor, information about the types of brokerage and advisory services we offer offer we advisory services and types of brokerage about the information investor, the retail you, provides financial with your a conversation and start our services understand help you Use this to pay. you and how broker-dealer (SEC) as a Commission with the Securities and Exchange Jones is registered Edward advisor. Client RelationshipClient Summary This document journey. investment your to all” approach fits size no “one Jones, there’s Edward At edwardjones.com LGL-12004-A REV. JUN 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

What fees will I pay? What you pay will vary depending on the services and investments you choose. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

Brokerage Services Investment Advisory Services Fees and costs you pay in your Select Account include: Fees and costs you pay in your advisory program account include: • Fees and costs when you make trades, including commissions (stocks, bonds, ETFs) and markups • Fees based on assets in your account, for advisory or markdowns (bonds). For the purchase of services, based on the market value of the assets investments such as mutual funds and variable held in the advisory program accounts in your annuities, you pay sales charges or commissions. pricing group and subject to a minimum monthly fee. The more trades in your account, the more you pay The more assets (including cash) in your account, the us. As a result, we have an incentive to encourage more you pay us. As a result, we have a financial you to trade more often in your account. incentive to increase assets in your account. • Ongoing fees and costs depending on the • Ongoing fees and costs depending on the investments you own. Mutual funds, ETFs and investments you own. Mutual funds, ETFs and SMAs annuities carry built-in operating expenses and include built-in operating expenses and/or ongoing ongoing fees, such as management fees and trail fees, such as management fees, in addition to the commissions, that are in addition to any initial asset-based fee(s) you pay us. Your financial advisor

commissions or sales charges you pay. Your financial can help you evaluate internal costs and fees and Page 2 of 4 advisor can help you evaluate internal costs and their impact on what you earn from your investments. fees and their impact on what you earn from your • Other fees and costs. Advisory accounts are subject investments. to certain additional fees and costs for services, • Other fees and costs. Select Accounts are subject including (if applicable) transfer and wire fees, estate to certain additional fees and costs for services, service fees, account transfer and/or termination including (if applicable) cash management fees, fees, step-out trading costs (trades within certain annual account fees, wire fees, estate service fees, SMAs only) and margin interest. account transfer and/or termination fees and margin interest.

Before choosing what’s right for you, think about how often you expect to trade in your account and how much you may pay in commissions (Select Account) or asset-based fees (investment advisory). You will typically pay more in upfront fees and commissions through brokerage services and more over time through investment advisory services.

To learn more about fees and costs, talk to your financial advisor or review these resources: • www.edwardjones.com/regbidisclosures (further information on brokerage services) • www.edwardjones.com/compensation (further information on compensation and conflicts of interest) • www.edwardjones.com/accountfees (further information on account services, fees and costs) • www.edwardjones.com/advisorydisclosures (Item 4 of each advisory program brochure) • Investment-specific disclosures you can get from your financial advisor (applicable prospectus, statement of additional information, offering statement or SMA brochures)

Here is a question about fees and costs you can ask your financial advisor: • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? LGL-12004-A REV. JUN 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

What are your legal obligations to me when providing recommendations as my broker-dealer or when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have? When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations and advice we provide you. Here are some examples to help you understand what this means.

Brokerage Services Investment Advisory Services Proprietary products: A proprietary product is one that is In our advisory programs, if we receive payments issued, sponsored or managed by us or one of our affiliates. from the following, we credit them back to you: The Edward Jones Money Market Fund is a proprietary fund • Proprietary products: A proprietary product is that we make available to some clients. One of our affiliates one that is issued, sponsored or managed by us receives a management fee for this fund, and we receive or one of our affiliates. The Bridge Builder revenue for performing other services for this fund. The Mutual Funds and the Edward Jones Money revenue we receive affects the firm’s overall profitability. Market Fund are proprietary funds. Third parties Third-party payments: Mutual funds and annuities pay us that are not affiliated with us are paid to ongoing service fees (12b-1s) or trail commissions. Most perform services for these funds. If Edward mutual funds and annuities also pay us for distribution, Jones or our affiliates receive fees for

marketing, networking, shareholder accounting and other performing services for these funds, they are Page 3 of 4 services. These payments create an incentive for us to credited back to you. recommend these investments over others, such as stocks, • Third-party payments: Some mutual funds pay bonds and ETFs. us for distribution, marketing, recordkeeping Revenue sharing: We receive payments known as revenue and other services. If we receive third-party sharing from certain mutual fund companies, 529 plan payments for shares held in your account, we program managers and annuity providers (known as product will credit them back to you. partners). Virtually all transactions relating to mutual funds, • Revenue sharing: We do not receive revenue 529 plans and annuity products involve product partners that sharing payments on assets held in our advisory pay us revenue sharing. Revenue sharing is paid from the programs. We do not consider revenue sharing assets of the product partner and is not an additional charge received from existing business relationships to you. We have an incentive to recommend products for outside our programs when selecting potential which we receive revenue sharing payments. investments for our programs.

Program Selection: Our brokerage and advisory services have different compensation and incentive structures. These differences may create a conflict between our interests and yours when recommending a type of program. Principal trading: Edward Jones may engage in transactions directly with you. This means we may sell an investment from our inventory to you or purchase an investment from you for our inventory. Due to market movement, we may make a profit on our inventory. Margin: If you need cash, we may have an incentive to recommend a margin loan instead of selling investments. In Select Accounts, you pay us margin interest, and we receive ongoing fees from some investments. In advisory accounts, you pay us ongoing asset-based fees on your entire account balance plus margin interest.

To learn more about our compensation and conflicts, talk to your financial advisor or review these resources: • www.edwardjones.com/compensation (further information on compensation and conflicts of interest) • www.edwardjones.com/revenuesharing (further information on revenue sharing) • www.edwardjones.com/advisorydisclosures (Items 4, 6 and 9 of each advisory program brochure)

Here are some questions about conflicts of interest you can ask your financial advisor: • How might your conflicts of interest affect me, and how will you address them? LGL-12004-A REV. JUN 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

How do your financial professionals make money? Your financial advisor’s compensation varies depending on the services and investments you select.

Brokerage Services Investment Advisory Services Your financial advisor receives a portion of the commissions, markups or Your financial advisor receives a markdowns, or sales charges you pay when you make trades. He or she also portion of the ongoing fees you pay receives a portion of the ongoing service fees or trail commissions we get us based on assets in your account. from mutual funds and annuities.

Financial advisors receive cash and noncash compensation through bonuses, firm profit sharing, education and training, awards and recognition, and participation in our Travel Award Program (which includes the option for a cash award instead of a trip). Eligibility for these types of compensation is based on several factors including: • The amount of revenue from the brokerage and advisory services described above • Assets under care in the branch and at Edward Jones Trust Company • The revenue and expenses of your financial advisor’s branch New financial advisors are eligible to receive a supplemental salary for up to four years. Financial advisors receive certain credits from both direct compensation and client activities that result in firm revenue but no additional compensation to the financial advisor. These credits offset branch expenses (such as rent), which helps determine potential bonuses (known as “branch P&L”).

Financial advisors may receive an opportunity to invest in the Edward Jones partnership. Page 4 of Financial advisors receive a portion of the fees for accounts managed by Edward Jones Trust Company and for annuities sold by affiliates.

Your financial advisor’s compensation creates conflicts of interest when: • Providing advice on rollovers or transfers, withdrawals, discounts, margin loans, trades, investment types and other services. • Helping you choose one service over another. A financial advisor typically earns more in upfront fees and commissions through brokerage services and more over time through investment advisory services. While such conflicts exist, we have policies and review processes designed to mitigate these conflicts.

For more information on financial advisor compensation and conflicts of interest, see www.edwardjones.com/compensation or ask your financial advisor.

Do you or your financial professionals have legal or disciplinary history? Yes. Edward Jones and certain of our financial advisors have legal and disciplinary history. Please visit www.investor.gov/CRS for a free and simple search tool to research our firm and your financial advisor.

Here are some questions about conduct you can ask your financial advisor: • As a financial advisor, do you have any disciplinary history? For what type of conduct?

Additional Information For more information about our brokerage or investment advisory services, or to obtain a copy of this relationship summary, contact your financial advisor, visitwww.edwardjones.com/disclosures or call 855-226-9249.

Here are some additional questions you can ask your financial advisor: • Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me? LGL-12150-A REV. MAY 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED.

Your financial advisor may advisor may financial Your $1 million or higher breakpoint discount. With a fixed-income UIT a fixed-income With discount. $1 million or higher breakpoint and 1.95% between a sales charge pay will generally you purchase, depends pay you and fees costs amount of transactional 3.5%. The types of on the number of and principal amounts of transactions, or applicable discounts specific funds and any investments, sales charge in lower result may trades Larger-size breakpoints. rates, commission about specific detailed information More rates. in can be found and costs breakpoints/discounts sales charges, statement prospectus, product confirmation, the applicable trade or contract annuity statement, offering of additional information, financial advisor. with your speaking or by plan information, these costs, you also pay a $4.95 transaction fee per trade for for trade per fee transaction a $4.95 also pay you these costs, instances, In certain account. in your trades buy and sell most or commission the to discount financial advisor is permitted your on a trade. markup as a sales load) to referred (sometimes a sales charge pay You plan, a fixed- a mutual fund, a fund in a 529 purchase when you For annuity. (UIT) or a variable trust unit investment income a sales charge pay will generally equity mutual funds, you a mutual funds fixed-income and for 4.25% and 5.75%, between applicable any before 2.25% and 4.75%, between sales charge volume are discounts Breakpoint or breakpoints. discounts a mutual when purchasing pay you the sales charge to discounts on the amount invested depends of the discount extent fund. The a mutual fund might example, of funds. For in a particular family than of less purchases share for load of 5.75% a front-end charge between investments 4.50% for the load to but reduce $50,000 the load for or eliminate and further reduce and $99,999, $50,000 investments. larger investments (typically $1 million), your levels investment certain At carry no sales charges. may provider with an individual product pay may the mutual fund company in these instances, However, A contingent on these investments. Jones a commission Edward sell these investments apply if you may sales charge deferred specific amount of the sales The time frame. within a certain depending upon the plan varies on a mutual fund or 529 charge or sales type of fund and applicable breakpoints fund company, Jones or Edward to a commission do not pay You waivers. charge or sell a fund. exchange you financial advisor when your a will pay you annuity, of a variable purchase a new For discount. a breakpoint qualify for you of 5% unless commission a qualify for as 1.25% if you be as low may sales charge Your Jones and your financial advisor, please talk with your financial your financial talk with please advisor, financial your Jones and advisor or visit www.edwardjones.com/compensation. – investments for costs Transactional you about to recommendations and advice education, offer for described below costs us certain pay and you investments, account. within your transactions or sell certain buy you each time a commission pay You funds (ETFs), exchange-traded such as a stock, investments trust investment estate partnership (MLP), real limited master may on these trades commissions The stock. (REIT) or preferred amount or a $50 minimum 2.5% of the principal be up to based be reduced could charge commission The commission. as 0.5% be as low and may of the trade upon the principal amount or more. amount of $100,000 of a principal trades for plus $705 when or markdown a markup or pay a commission also pay You For bonds (CD). of deposit buy or sell a bond or certificate you 2% of the dollar be up to may or markup and CDs, the commission be may or markdown and the commission purchase, amount you sell. Depending on the amount you of the dollar 0.75% up to pay may you date, and the maturity principal amount of the trade In addition to rate. or markup/markdown commission a lower Page 1 of 7 Page

Material facts related to conflicts of interest associated with our associated of interest conflicts to related facts Material recommendations. incur in your account; incur in your in your will provide we of the services type and scope The related limitations material any including account, brokerage risks; and and general philosophy our investment products, to The capacity in which we will act; capacity in which we The will you and costs fees the material about Details and resources pay to us, but they will reduce your return on your investment(s). on your return your will reduce us, but they to pay detailed and specific to more references will also find You learn more To and costs. fees referenced regarding information Edward by received and the compensation costs, and about fees Below is a summary of the material fees and costs that may apply may that and costs fees is a summary of the material Below some of Additionally, holdings and account. transactions, your to and Fees Costs, described in the section titled “Internal the costs you or costs fees not direct are Investments” Expenses of Certain your Select Account are more fully described below. fully described below. more are Select Account your Apply to May That and Costs Fees Material Holdings and Account(s) Transactions, Your may offer education, advice and recommendations, you make all you make recommendations, and advice education, offer may also and sell. This buy to decisions on which investments yes/no fees transactional pay you Select Account, within your means that within and costs Fees buy or sell securities. when you and costs (Form CRS) at www.edwardjones.com/FormCRS. CRS) at (Form transactional non-discretionary are Our Select Accounts financial advisor while your means that This accounts. brokerage advisory services through our investment advisory programs. For For programs. advisory our investment through advisory services an investment between differences about the information more financial advisor please talk with your adviser and a broker-dealer, Summary Jones Client Relationship of the Edward or see a copy interest ahead of yours. ahead of yours. interest acting from is different a broker-dealer in the capacity of Acting broker- is a registered Jones Edward adviser. as an investment investment Jones offers Edward adviser. dealer and investment generally open a Select Account. In your brokerage account, account, brokerage In your Account. open a Select generally advisor act in the capacity of financial Jones and your Edward the time a at interest best act in your must We a broker-dealer. placing our financial or other without is made, recommendation Relationship with Edward Jones with Edward Relationship accounts, brokerage and non-retirement retirement offer We When offerings. and service product different have which may Jones, you with Edward relationship a brokerage into enter you insurance policies or plan information. If you have any questions questions any have If you policies or plan information. insurance financial advisor. please talk with your about this disclosure, Brokerage About Your Facts Material information. We encourage you to review the referenced links and the referenced review to you encourage We information. applicable as any as well on www.edwardjones.com, disclosures of statements prospectuses, confirmations, trade statements, contracts, annuity statements, offering additional information, • detailed more included links to have this document, we Throughout • material facts about a brokerage relationship with us, including: with us, including: relationship a brokerage about facts material • • meet with you personally to discuss investment strategies and strategies investment discuss personally to meet with you our is that values core goals. One of our your achieve help you this disclosure providing we’re and first, come clients’ interests the understand to you want because we investor, a retail you, to The Purpose of This Disclosure This Purpose of The is different. services financial to our approach Jones, Edward At our financial advisors community, in your living and working By Important Information About Services Our Brokerage edwardjones.com LGL-12150-A REV. MAY 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

• Example of a stock purchase: If you authorize your financial costs, talk with your financial advisor or review your applicable advisor to purchase $5,000 of a stock, you would pay a 2.5% account Schedule of Fees at www.edwardjones.com/accountfees. commission ($125) plus a $4.95 transaction fee, for a total Margin fees – If you take out a margin loan, you will pay ongoing transactional cost paid to us of $129.95,1 plus the principal interest to Edward Jones on your margin loan balance. For more amount of the trade. information about our policy regarding margin accounts/personal • Example of a mutual fund purchase: If you authorize your lines of credit, please consult your financial advisor or visit financial advisor to purchase $5,000 of a Class A share of a www.edwardjones.com/disclosures/account-features-terms/ mutual fund with a 5% front-load sales charge, with no saving-spending-borrowing/margin-disclosure-credit-terms.html. breakpoints, you would pay $250, reducing your amount invested to $4,750. Type and Scope of Services Provided to You Classification of your account –Select Accounts at Edward Jones Distribution and/or service fees (12b-1 fees) – Mutual fund are brokerage accounts and are classified as either non-retirement companies and 529 plans pay Edward Jones ongoing distribution or retirement accounts. Accounts can be opened jointly or and/or service fees, often known as 12b-1 fees. You pay 12b-1 fees individually; by a representative fiduciary, trustee or other type to the mutual fund company as one of the ongoing internal costs of representative; or by certain types of entities. There is no of holding the shares. These fees generally range between 0.25% minimum amount to open and maintain a Select Account. The and 1.00%, depending on the fund and share class. The amount of terms and conditions, including the obligations of each party, the 12b-1 fee you pay, and Edward Jones receives from the fund are listed at www.edwardjones.com/agreements. company, varies depending upon the mutual fund company, 529 plan, type of fund and amount of the fund you purchased. We Please visit www.edwardjones.com/disclosures/account-features- pay a portion of these fees to your financial advisor. The 12b-1 terms for additional information about the following: fee reduces the return from your mutual fund. More detailed • Certain investments, including equities and fixed income; information can be found in the applicable product prospectus or plan information, or by speaking with your financial advisor. • Our policies on order execution and routing; Trail commissions – Insurance companies that issue variable • Our systematic transactions disclosure and online services annuities make ongoing payments to Edward Jones known as trail terms and conditions, including the terms and conditions commissions. Trail commissions are composed of fees and charges applicable to e-delivery, texting and electronic signature; and imposed under the variable annuity contract, the separate accounts • Linking your outside accounts. and other sources. Trail commissions are generally 0.25% but are higher for certain share classes. We pay a portion of these fees to Our investment philosophy and strategy – We believe in a your financial advisor. The trail commissions reduce the return thoughtful, straightforward investment philosophy rooted in three from your variable annuity. More detailed information can be investment principles working together: found in the applicable annuity prospectus or annuity contract, 1. Quality or by speaking with your financial advisor. 2. Diversification Variable life insurance – When you purchase a variable life insurance policy, you pay a premium determined by the life 3. A long-term focus insurance provider. The amount of premium you pay depends on All three of these elements work together. We believe a long-term several factors including the type of policy, the options and level strategy is the best way to build and preserve your financial of coverage you select, your age and other factors. If you choose security. We also believe clients are more likely to be successful to pay for your variable life insurance policy over the lifetime of owning quality investments. We develop our investment advice the policy, you will pay ongoing premium payments in addition and guidance using time-tested strategies that avoid investment to your initial premium payment. These ongoing payments are fads and overly complex instruments that are more likely to generally paid annually, quarterly or monthly. Edward Jones confuse and be misunderstood. While diversification does not receives revenue from your first year’s premium payment, as well ensure a profit or protect against loss in declining markets, we as a portion of the premium you pay after the first year, for a set believe a well-diversified portfolio of quality investments, aligned number of years (generally years 2-10 of the policy). This with a client’s goals and risk tolerance, will lead to more successful additional revenue may be called renewal commissions. More outcomes over time. detailed information can be found in the insurance policy or by speaking with your financial advisor. Your Account Portfolio Objective – Before you start investing in your account, you provide important information to your financial Internal costs, fees and expenses of certain investments – Mutual advisor to help complete a Client Profile, which forms the basis of funds, ETFs, UITs, 529 plans, annuities and life insurance policies Edward Jones’ and your financial advisor’s recommendations. This carry built-in operating expenses in addition to any initial includes your goal or purpose for investing, risk tolerance(s) and commissions or sales charges, ongoing 12b-1 fees, trail commissions investment time horizon(s), as well as other important financial or premiums. These costs and expenses impact your returns. information. These details help us recommend an appropriate For mutual funds and 529 plans, examples of these additional Portfolio Objective for both your account and the goal to which internal costs and fees include investment management fees and your account is assigned. You are responsible for choosing either fund transaction fees. Built-in operating expenses reduce the a recommended Portfolio Objective or an alternative Portfolio return from your investment. Additional information about a Objective for your account, if available. If any information in the particular product’s internal costs, fees and expenses can be Client Profile changes, you are responsible for notifying us or your found in the product’s applicable prospectus, statement of financial advisor. You may be required to complete a new Client additional information, offering statement, contract, policy or Profile in order for Edward Jones and your financial advisor to plan information. recommend a modification of the Portfolio Objective for your Account-based fees – If applicable, accounts are subject to account after considering such change(s). certain additional fees and costs for services, including cash Recommendations to buy, sell or exchange investments will be management fees, annual account fees (for Select Retirement provided to you based on the Portfolio Objective for your account. Accounts), transfer and wire fees, estate service fees, account You will make all decisions with respect to your account and may termination fees and margin interest. The applicable schedule of follow or reject any recommendations made by Edward Jones or fees for your account will outline the service and frequency of any your financial advisor. charges. To learn more about additional account service fees and

Review of your account with your financial advisor –We do not General risks and disclosures – While we will take reasonable care provide investment or account monitoring with our brokerage in developing and making recommendations to you, securities accounts. However, we may voluntarily review your account to involve risk, and you may lose money. There is no guarantee that determine whether to recommend a securities transaction or an you will meet your investment goals or our recommended investment strategy involving a security to better align your investment strategy will perform as anticipated. If you place account with our investment guidance. unsolicited trades or trades that are otherwise against our recommendations, this may impact your diversification and/or the Summary of how we select investments available in your potential range of returns within your account. Please consult account – We are selective about the types of investments we available offering documents for any security we recommend to make available for purchase in your account. That’s because we see a discussion of specific risks associated with the product. We know you’re working to achieve important milestones in your life, can provide those documents to you or help you find them. and we want to provide what we believe are appropriate investment choices for you. • Conditions beyond Edward Jones’ control: There is always a risk that conditions beyond Edward Jones’ control – such as We use a disciplined approach to select the investments available war, terrorism, civil unrest, natural disaster, government to you. We strive to find those that align with our focus on quality restrictions or rulings, interruptions of systems, health issues investments, work well together in a diversified portfolio, and are or labor unrest – may pose a risk to your investments or compatible with our buy-and-hold philosophy. This gives you and investment strategies. your financial advisor a starting point for choosing investments depending on your goals, situation and the amount of risk you’re • Cybersecurity risk: The computer systems, networks and willing to take. devices used by Edward Jones and our service providers employ a variety of protections designed to protect against With hundreds of thousands of investment options out there damage or interruption from computer viruses, network/ today, we start by narrowing down investments such as publicly computer failures and cyber-attacks. Despite such protections, traded stocks, bonds and mutual funds using characteristics systems, networks and devices could be breached. Cyber including: incidents may cause disruptions and impact business • Track record operations, potentially resulting in financial losses, the inability • Debt and cash flow of Edward Jones or service providers to trade, violations of privacy and other laws, regulatory fines, reputational damage, • Credit risk and other types of risk reimbursement costs and additional compliance costs, as well • People as the inadvertent release of confidential information. • Process How Edward Jones and Your Financial Advisor • Geography Are Compensated This allows you and your financial advisor to focus on which of How Edward Jones is compensated for financial services – those investments will work for you and your personal goals and Edward Jones earns revenue from our clients, as well as from risk tolerance. product providers and money managers (“third parties”) who assist us in providing the investments and services we offer you in Investments always carry risks, and there are no guarantees when your account. Our revenue from clients includes commissions, investing. Please read the “General Risks and Disclosures” section markups and markdowns, sales charges, transaction fees, interest below for more information. on margin accounts and miscellaneous account service fees. Our Material limitations on investments in your account – revenue from third parties includes ongoing 12b-1 fees, trail commissions, renewal commissions, revenue sharing, shareholder • Limitations on mutual funds: All mutual funds available for accounting or networking fees, volume concessions, inforce purchase in your Select Account have entered into networking contract service agreements and training and marketing expenses. or shareholder accounting agreements (described more fully below) with Edward Jones and provide ongoing compensation How your financial advisor is compensated for financial to Edward Jones. Edward Jones also limits the purchase of services – In your account, your financial advisor receives a mutual funds available in your Select Account to funds that portion of the commissions you pay each time you buy or sell a charge a front-end sales charge. Additionally, Edward Jones security or pay any markup or markdown. Your financial advisor limits the mutual fund share classes available for purchase also receives a portion of any sales charges, 12b-1 fees, trail within Select Accounts to Class A shares or shares with similar commissions and annual premiums (renewal commissions) you sales charge and expense structures. Please note, these pay. The amount of this compensation differs depending on the limitations are not applicable to the funds you may purchase investment type and transaction amount. through a 529 plan. Your financial advisor generally receives between 36% and 40% of • Limitations on variable annuities: All variable annuities the revenue Edward Jones receives from the transactional revenue available for purchase of new contracts have entered into and ongoing 12b-1 fees, trail commissions and revenue from inforce contract service agreements with Edward Jones. They premiums generated by activity in your Select Account. Financial also provide ongoing compensation to Edward Jones. As advisors with less tenure at the firm may have a payout level below described more fully below, Edward Jones has entered into the general range. Payout levels vary based on your financial these agreements to maintain technology and provide other advisor’s years of experience, the location of the branch, the type administrative services in support of issued and outstanding and amount of the investment, and applicable discounts, if any. variable annuities. Additionally, Edward Jones limits the share Each mutual fund sets its own sales charge for the cost of classes available for new variable annuity contract purchases to purchasing shares in the fund, which results in Edward Jones and Class O shares. your financial advisor potentially receiving a different amount of Resources for additional information about Edward Jones and compensation depending on the fund you purchase. To reduce your financial advisor – You may find additional information about these potential compensation differences for your financial advisor, Edward Jones and its financial advisors using FINRA’s we pay your financial advisor the same percentage amount of your BrokerCheck (www.brokercheck.finra.org), the Investment Adviser purchase regardless of the actual sales charge to purchase the Public Disclosure website (www.adviserinfo.sec.gov) or other specific mutual fund. Your financial advisor receives one set databases maintained by any state or federal agency that may percentage for equity and balanced funds and a different percentage contain similar information. for fixed-income funds. If you qualify for an applicable breakpoint,

Page 3 of 7 LGL-12150-A REV. MAY 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com this will reduce the percentage of the purchase your financial different securities and fund families, and different types of advisor receives. However, this percentage will not differ across securities. For variable annuities, it also creates a potential conflict different mutual fund families within the same breakpoint level. regarding recommendations on whether to annuitize, transfer or exchange your current variable annuity. Please ask your financial advisor to explain any commissions, sales charges, markups/markdowns, fees/internal costs and expenses We may sell you certain bonds and CDs from our inventory or that may apply to any investments you consider. purchase a security from you for our inventory in a principal transaction. We may generate firm revenue on these trades due to Financial advisors may also receive additional variable cash and market movement, resulting in gains on our inventory positions. In noncash compensation through new asset accumulation bonuses, certain circumstances, this incentivizes us to engage in principal branch profitability bonuses, firm profit sharing, education and transactions as well as an incentive to recommend you purchase a training, awards and recognition, third-party gifts and entertainment, security from our inventory that is difficult to sell. and participation in our domestic and international travel awards program (or cash in lieu of travel). Eligibility for these types of When you purchase shares in a mutual fund, a 529 plan or a compensation is based on several factors including: variable annuity, you may be eligible for a breakpoint discount, which lowers your front-end sales charge, based on the amount • The amount of revenue generated from all your accounts; of your investment and how much you have invested in a certain • The amount of assets under care in the branch and at Edward fund family or annuity. Your financial advisor has an incentive to Jones Trust Company; and provide advice that would avoid breakpoint discounts. • The revenues and expenses of Edward Jones assigned to your In certain instances, your financial advisor is permitted to negotiate financial advisor’s branch. with you for a lower commission, which could result in reduced Most financial advisors new to Edward Jones are eligible for new compensation for your financial advisor. This is a conflict of asset accumulation bonuses in their first five years, or in some interest because your financial advisor is incentivized to avoid cases their first year, that are based upon the amount of new negotiating commissions. assets brought to the firm during that period. Additional investment type considerations – In most instances, New financial advisors are eligible to receive a supplemental your financial advisor has an incentive to recommend you salary for up to four years. All financial advisors receive either a purchase investments such as a mutual fund, 529 plan, variable minimum guaranteed salary in an amount determined by federal annuity or variable life insurance policy that generate revenue and state law or a set base payment that does not vary based on when purchased, as well as provide ongoing compensation the quality or quantity of the work. (e.g., 12b-1 fees, trail commissions) as opposed to investing in alternatives that may pay lower upfront commissions and do not Financial advisors who work as part of Edward Jones Connection provide ongoing compensation. Over a longer period of time, or are based in Edward Jones’ headquarters to serve employee your financial advisor and Edward Jones will generally earn more accounts do not receive variable direct compensation based upon revenue from a mutual fund, a 529 plan or an annuity than from client activity, including commissions or fees. Instead, these an ETF, a stock or a bond, but this will depend on several factors financial advisors receive a salary. including the specific product, how much you invest, breakpoints and how frequently you trade. Material Facts Regarding Conflicts of Interest As a further example, mutual funds and ETFs may have similar Associated with Recommendations investment characteristics but differ in the ways you pay for When we provide you with a recommendation regarding securities them and how your financial advisor and Edward Jones are transactions or investment strategies involving securities in your compensated over time. Mutual funds generally have higher account, we must act in your best interest, within the meaning of upfront commissions and ongoing expenses but enable you to Regulation Best Interest, and must not put our interests ahead of rebalance through exchanges and liquidate for no additional cost. yours. At the same time, the way the firm generates revenue, and ETFs generally have lower upfront commissions and ongoing fees, the way your financial advisor is compensated, creates some but all future transactions to rebalance or liquidate an investment conflicts with your interests. While we have taken numerous will be charged a commission. As a result, mutual funds are steps to mitigate, disclose and/or eliminate conflicts of interest typically more expensive than ETFs for clients who trade associated with our and your financial advisor’s recommendations infrequently, but they become less expensive as the amount of in your account, it is also important that we disclose the material trading increases. facts regarding these conflicts. Variable life insurance – When you purchase a variable life We encourage you to review the referenced links and information insurance policy, the insurance company sets a target premium below. Ask your financial advisor questions as needed to help you that will be used to compensate the firm and your financial understand these disclosures or if you have additional questions. advisor for the specific policy (the “Target Premium”), and this Recommendations regarding securities – The compensation Target Premium could be higher or lower than the premium you Edward Jones and your financial advisor receive when you buy, sell, would pay on your specific policy. Based upon the actual premium hold or exchange investments within your account creates conflicts you pay for your policy, Edward Jones will receive up to 80% of of interest. Your financial advisor has an incentive to recommend the Target Premium amount and 2% of any excess you pay above you purchase investments that create the most compensation for the Target Premium amount. the firm and your financial advisor. In general, commissions on The percentage Edward Jones receives is the same for all insurance stocks and ETFs are higher than commissions on bonds or CDs. providers we work with, and your financial advisor receives a Additionally, initial compensation from the sale of mutual funds, portion of this revenue. Edward Jones also receives a portion of the funds in a 529 plan, variable annuities and variable life insurance premium you pay after the first year as revenue for a set number of policies is generally higher than that of stocks, bonds, ETFs or CDs. years (generally years 2-10 of the policy) and shares a portion of Mutual funds, 529 plans, variable annuities and variable life this revenue with your financial advisor. Your financial advisor has insurance policies also pay ongoing compensation. an incentive to make recommendations to increase the premium or These sources of transactional revenue and compensation create recommend the purchase of a policy with a higher Target Premium. a conflict between the firm and your financial advisor’s interests This may also create a conflict regarding recommendations on and your own relating to recommendations regarding the whether to renew or exchange your current policy. investment type, number of transactions, the amount to invest per Additional third-party compensation to Edward Jones – Edward transaction and the allocation of investment amounts among Jones receives additional compensation from mutual fund

Page 4 of 7 LGL-12150-A REV. MAY 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com companies, 529 plans, UITs and insurance companies (collectively Under a shareholder accounting agreement, Edward Jones referred to as “product partners”) for the sale and ongoing agrees to perform certain transfer agent support services, servicing of mutual funds, 529 plans, UITs, variable annuities and which may include: variable life insurance policies. We want you to understand that -- Tracking the holdings of a fund for a client; Edward Jones’ receipt of third-party compensation – including revenue sharing, volume concessions, networking and shareholder -- Distributing dividends and shareholder information for the accounting fees, and inforce contract service payments – creates a mutual fund company; potential conflict of interest in the form of an additional financial -- Facilitating purchases, redemptions and exchanges; and incentive and financial benefit to the firm and our financial advisors in connection with the sale of products from these -- Responding to client inquiries regarding their mutual fund product partners. holdings. To mitigate potential conflicts of interest, your financial advisor Mutual fund companies pay Edward Jones up to $19 per mutual does not directly receive any portion of the revenue sharing, fund position, or up to 25 basis points (0.25%) of total invested volume concessions, networking or shareholder accounting fees, assets in the mutual fund annually for these services. If you own or inforce contract service payments received by Edward Jones. multiple funds offered by mutual fund families for which we This revenue received by Edward Jones affects the firm’s overall have a shareholder accounting agreement, we will receive profitability. For more information about the information in payment for each individual mutual fund. this section, please talk with your financial advisor or visit Under networking agreements, Edward Jones agrees to www.edwardjones.com/revenuesharing. perform certain duties, including but not limited to: • Revenue sharing: Edward Jones receives payments known as -- Transmission and settlement of mutual fund trades; revenue sharing from certain mutual fund companies, 529 plan program managers and insurance companies. Virtually all of -- Account maintenance and processing of distributions and Edward Jones’ transactions relating to mutual funds, 529 plans dividends on behalf of a mutual fund company; and variable annuity products involve product partners that pay -- Facilitating purchases, redemptions and exchanges; and revenue sharing to Edward Jones. Revenue sharing, as received by Edward Jones, involves a payment from a mutual fund -- Responding to client inquiries regarding their mutual fund company’s adviser or distributor, a 529 plan program manager, holdings. or an insurance company or the entity that markets an annuity Edward Jones is paid by the mutual fund company up to contract. It is not an additional charge to you. $10 per mutual fund position annually for networking services. These payments are in addition to standard sales charges, If you own multiple funds offered by mutual fund families for annual sales fees, expense reimbursements, and sub-transfer which we have a networking agreement, we will receive agent fees for maintaining client account information and for payment for each individual mutual fund. Edward Jones will providing other administrative services for mutual funds receive payments as a result of either the shareholder (shareholder accounting and networking fees). These payments accounting agreement or the networking agreement, but not are also in addition to fees for maintaining technology and under both agreements for the same position. providing other administrative services for insurance products • Inforce contract service agreements: Edward Jones has (inforce contract service fees), and reimbursements for entered into inforce contract service agreements with certain education, marketing support and training-related expenses. insurance companies, including all of the issuers of variable • Volume concessions: UIT sponsors pay Edward Jones annuities available for purchase in your Select Account, to additional compensation, sometimes called a volume maintain technology and provide other administrative services concession based on the overall volume of UIT sales made by in support of certain issued and outstanding annuities and life Edward Jones, generally over the prior 12-month period. insurance policies. In exchange for this support, insurance Edward Jones can receive up to 0.10% of total sales in particular companies generally pay Edward Jones up to 25 basis points UITs as a volume concession. The percentages vary depending (0.25%) of total invested assets in the inforce variable annuity on the UIT sponsor, duration of the UIT and volume of sales. It is contracts annually. For example, if a variable annuity contract not an additional charge to you. Edward Jones does not pay had a value of $10,000, Edward Jones would be paid $25 by the any portion of the volume concession directly to your financial insurance company. If you own multiple insurance contracts in advisor. The potential volume concession amounts are detailed which we have an inforce contract service agreement, we will in each fixed-income UIT’s prospectus. For information about receive payment for each individual contract. volume concessions, please see the corresponding prospectus. Rollovers and transfers – Your financial advisor has an incentive • Shareholder accounting and networking fees: Edward Jones to recommend that you roll over or transfer your assets from an has entered into shareholder accounting and networking fee employer-sponsored plan or another brokerage firm or investment agreements with many mutual fund companies and 529 plans, adviser because these actions may generate transaction-based including all of our strategic mutual fund product partners and compensation for Edward Jones and your financial advisor when all mutual funds available for purchase in your account, to the assets are invested in your Select Account. Additionally, when perform certain services for the mutual fund companies. Being you roll over or transfer your assets to Edward Jones, this a strategic mutual fund product partner means that Edward contributes toward your financial advisor qualifying for additional Jones has determined these mutual fund product partners have variable compensation, including new asset accumulation a broad or strategically aligned spectrum of investment bonuses, branch profitability bonuses, domestic and international solutions designed to meet a variety of our clients’ needs. travel awards (or cash in lieu of travel), and other noncash compensation as described herein. Edward Jones grants strategic mutual fund product partners greater access to certain information about our business Brokerage accounts vs. advisory accounts (investment advisory practices. In addition, these product partners have frequent services) – In addition to brokerage accounts, you have the option interactions with our financial advisors to provide training, to invest in fee-based advisory accounts. Instead of paying a marketing support and educational presentations. Virtually all commission per transaction, in our advisory programs you pay of Edward Jones’ transactions relating to mutual funds and a fee(s) based on the market value of the assets held in your 529 plans involve product partners that pay shareholder account for investment advisory services that, in most cases, accounting and/or networking fees to Edward Jones, including includes transaction costs. Our advisory programs offer ongoing all mutual funds available for purchase in a Select Account. account monitoring, which is not available in brokerage accounts,

and additional types of investment options and services. such revenue the firm receives, for certain things including assets under care in the branch, other fees received by the firm, margin When determining what’s right for you, think about how much you loans and variable third-party compensation that is not paid to expect to trade in your account and how much you may pay in your financial advisor. commissions (brokerage account) or asset-based fees (advisory account). You will typically pay more in upfront fees and Increased P&L positively impacts your financial advisor’s commissions through brokerage services and more over time performance and qualifications to receive additional variable through investment advisory services. These differences in compensation. If Edward Jones has reached a certain level of compensation potentially create a conflict between your financial profitability and the branch is profitable on its P&L, the financial advisor’s interest and your own when recommending a type of advisor receives a branch profitability bonus. Your financial program for you. For additional information regarding investment advisor has an incentive to make recommendations that will advisory programs offered by Edward Jones, please visit increase the profitability of the P&L. www.edwardjones.com/advisoryagreements. Incentive compensation for your financial advisor –Your financial Distributions – Compensation and performance incentives may advisor’s performance and variable compensation are positively cause a conflict between your financial advisor’s interest and your impacted by client activities such as commissions, sales charges, own when your financial advisor provides advice relating to account fees, assets under care in the branch, margin loans and distributions from any of your accounts. When you make a the value of assets you roll over or transfer to Edward Jones. distribution through a full or partial liquidation, certain commissions These positive impacts can lead to increased compensation may be generated. If you have a brokerage account and an through new asset accumulation bonuses and branch profitability advisory account of the same type (e.g., a traditional IRA in a bonuses, as well as additional noncash benefits such as domestic Select Account and a traditional IRA in an advisory account), your and international travel awards (or cash in lieu of travel), financial advisor may have an incentive to advise you to take a educational and training trips, awards and seminars, and regional distribution from your Select Account and not your advisory leadership opportunities. These incentives create a conflict account because the distribution could generate additional between your financial advisor’s interest and your own when transactional revenue and would not affect the amount of your providing advice to you. asset-based fee in your advisory account. Travel Award Program – Our financial advisors are eligible to Trust fees – Your financial advisor receives a portion of the participate in the Edward Jones Travel Award Program, which compensation Edward Jones receives from its affiliate, Edward includes domestic and international trips, or a cash award in lieu Jones Trust Company, for the referral and ongoing support of of a trip. Eligibility for a Travel Award Program is based upon the accounts managed by Edward Jones Trust Company. The payout amount of new and existing assets under care for a financial level may vary based on your financial advisor’s years of advisor. Certain product providers, such as preferred mutual fund experience and office location. This creates an incentive for your and annuity providers, may participate in these travel programs. financial advisor to recommend your use of the services of These incentives create a conflict of interest between your financial Edward Jones Trust Company. advisor’s interest and your own when providing advice to you. Uninvested funds – You have the option to have uninvested Margin loans – Your financial advisor does not receive direct funds either remain in the firm’s Cash Interest Program or be compensation from the interest you pay on your margin loan automatically swept to a different investment vehicle, which may balance, but it does positively impact the branch P&L. If you need provide a higher return or offer other benefits to you. Edward cash, we may have an incentive to recommend a margin loan Jones receives varying portions of the revenue associated with instead of selling investments. Additionally, your financial advisor the investment option you choose for your uninvested funds. has an incentive to recommend that you maintain a margin loan While your financial advisor does not receive direct compensation, balance and to grow that balance instead of using available cash the amount of your holdings may contribute positively to your or new investments to pay down the loan. financial advisor’s variable compensation. Training and marketing incentives – Third-party providers such as Depending on several factors, including the current interest rates mutual fund wholesalers, annuity wholesalers, UIT wholesalers, and your financial advisor’s noncash incentives, the firm or your investment managers and insurance distributors may reimburse financial advisor may have an incentive for you to select one and/or pay certain expenses on behalf of financial advisors and uninvested cash option over another. You should review the terms, the firm, including expenses related to training, marketing and interest rates, compensation the firm receives, incentives your educational efforts. The training focuses on, among other things, financial advisor receives and other features and trade-offs of the third-party provider’s products, suitability, product literature these options with your financial advisor. Interest rates are and product support. These reimbursements or payments could available at www.edwardjones.com/rates. lead our financial advisors to focus on these third-party providers’ products versus other third-party products that are not If the Edward Jones Money Market Fund (“Fund”) is available as represented at these meetings, seminars and/or conferences. This a cash sweep option in your account, all uninvested cash balances creates a potential conflict of interest for Edward Jones and our in your account are automatically swept into the Fund. The financial advisors to the extent that this may cause them to prefer investment adviser to the Fund, Passport Research Limited those product partners that have greater access, marketing (“Passport”), is an affiliate of Edward Jones and provides opportunities and educational opportunities. distribution and shareholder accounting services for the Fund. The Fund pays Passport a management fee and pays Edward Noncash third-party incentives – Third-party providers, such as Jones for performing services for the Fund. While your financial mutual fund wholesalers, annuity wholesalers, UIT wholesalers, advisor does not receive any portion of this revenue, it does have investment managers, and insurance distributors, may also give a positive financial impact on overall firm profitability. financial advisors gifts up to a total value of $100 per provider per year, consistent with industry regulations. Third parties may Branch P&L and profitability bonuses –Revenues and expenses occasionally provide financial advisors with meals and of Edward Jones are assigned to each branch’s Profit and Loss entertainment of reasonable value. Additionally, third parties may Statement (“branch P&L”). Your financial advisor’s P&L is provide the firm and our financial advisors with access to certain positively impacted by compensation received from client research tools, or software that is developed or subscribed to by activities, including commissions, sales charges, 12b-1 fees, account third parties. This creates a potential conflict of interest to the fees, fees from investment advisory accounts, margin loans and extent that this may cause the firm or our financial advisors to other account service fees. Your financial advisor also benefits prefer those product partners that provide these noncash from credits to the P&L without directly receiving any portion of incentives over other product partners.

Profit sharing –Financial advisors receive contributions to an employer-sponsored retirement plan based on their total compensation, which includes commissions, fees, salary and bonuses. Profit sharing causes a conflict between your financial advisor’s interest and your own regarding advice that generates additional compensation to your financial advisor and revenue for the firm. Partnership opportunities – Certain financial advisors have been given the opportunity to buy limited and/or general partnership interests in The Jones Financial Companies, L.L.L.P., the parent company of Edward Jones. All revenue that contributes to Edward Jones’ profitability has a positive impact on the amount of income each partner receives. Mitigation of conflicts of interest –One of Edward Jones’ core values is that our clients’ interests come first. We have taken various steps to mitigate, disclose and/or eliminate these conflicts of interest associated with recommendations in your account, including developing policies and procedures, supervisory systems, processes and controls, compensation and incentive policies, disclosures, agreements and training. If you have any questions about conflicts of interest, please talk with your financial advisor or review the information referenced throughout this document. Additional Information and Resources For additional information about the topics discussed in this document, please talk with your financial advisor or review the following resources: • Information About Our Brokerage Services: www.edwardjones.com/RegBIdisclosures • Account Agreements: www.edwardjones.com/agreements • Account Schedules of Fees: www.edwardjones.com/ accountfees • Understanding How We Are Compensated for Financial Services: www.edwardjones.com/compensation (pdf) • Edward Jones Client Relationship Summary: www.edwardjones.com/FormCRS (pdf) • Revenue Sharing, Shareholder Accounting, Inforce Contract and Unit Investment Trust Additional Compensation Disclosures: www.edwardjones.com/revenuesharing • Financial Reports: www.edwardjones.com/financialreports

1 Your total costs and fees may vary. This example is for illustrative purposes only and does not account for discounts or trades executed over multiple days.

Page 7 of 7 This page is intentionally left blank. TRU-7592J-A REV. DEC 2018 © 2018 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. or’s surviving spouse is the designated beneficiary, beneficiary, or’s surviving spouse is the designated or dies before his or her entire interest is distributed to to is distributed interest her entire his or or dies before or agrees to provide Custodian with all information with all information Custodian provide to or agrees I am a natural Client Representations and Warranties. I am a natural this into enter person of legal age with the ability to in EJTC to provided I have information The Agreement. truthful accurate, is current, with this Account connection Jones Edward or notified EJTC I have Unless and complete. of: (1) the Financial I am not an employee the contrary, to stock (2) any Inc. (“FINRA”); Authority, Regulatory Industry (4) a exchange; member firm of any (3) any exchange; member firm of or (6) any company; bank; (5) a trust of notify EJTC to I agree so employed, FINRA. If I become so employed. becoming after promptly employment that all requires law federal that Identity Verification. I understand T of Depositor’s the year following year end of the calendar remaining life beneficiary’s the designated over death, the death following in the year as determined expectancy of Depositor. T of Depositor’s the fifth anniversary containing calendar year death.

(a) (b) If Deposit as Depositor. such spouse will then be treated Deposit 408(i) Sections by required reports any prepare to necessary or Sections 1.408-5 and 1.408-6, Regulations and 408A(d)(3)(E), (IRS). Service Revenue the Internal published by other guidance Cus the IRS. by prescribed and Agreements. Owner Representations Account issued under the laws of any state, and certain bullion. and certain state, of any under the laws issued If Deposit surviving spouse is not thehim or her and Depositor’s distributed will be remaining interest the beneficiary, designated is no or there if elected or, (a) below paragraph in accordance below: (b) with paragraph accordance in beneficiary, designated (a) the by starting willbedistributed, interest remaining he (b) ofthe theend by willbedistributed interest he remaining T the close of at value is the account 1(a) above paragraph the divided by year 31 of the preceding on December business Section table in Regulations the single life (in expectancy life attained beneficiary using the of the designated 1.401(a)(9)-9) year of the the following year age of the beneficiary in the the divisor for one (1) from and subtracting death Depositor’s each subsequent year.

3. Article VI 1. 2. thereports theIRSandDepositor to submit to agrees todian Article VII be added or other articles which may any Notwithstanding IV and this of Articles I through the provisions incorporated, additional articles inconsistent Any will be controlling. sentence and other published Regulations, with Section 408A, the related will be invalid. guidance Article VIII with the comply to will be amended as necessary Agreement This Tax Income Federal and the related of the Code provisions be made Other amendments may (“Regulations”). Regulations and of Custodian. of Depositor with the consent Article IX 1. Article V 1. 2. under eachyear bedistributed must he minimumamountthat Page 1 of 6 Page todial Account funds may be invested in be invested funds may Account todial todial Account funds may be invested in life in life be invested funds may Account todial No part of the cus as (within the meaning of Section 408(m)) except collectibles an Section 408(m)(3), which provides by otherwise permitted coins coins, and platinum gold, silver certain for exception No part of the cus of the custodial the assets nor may contracts, insurance in a except with other property, be commingled Account fund (within the investment common fund or trust common meaning of Section 408(a)(5)). T who is a grantor For levels. higher income $0 for to reduced is phased annual contribution the as single, single or treated and of $118,000 (AGI) income gross adjusted out between AGI of between filing jointly, a married grantor for $133,000; filing a married grantor for and and $196,000; $186,000 phase-out These of $0 and $10,000. AGI between separately, the phase-out ranges, 2017, after years For 2017. for are ranges reflect to will be increased range, $10,000 the $0 to for except is income gross Adjusted if any. adjustment, a cost-of-living (3). defined in Section 408A(c) and of the depositor AGI the combined apply to paragraph his or her spouse.

2. Article IV 1. Article III is Account in the custodial in the balance interest Depositor’s nonforfeitable. Article II 1. inArticleIisgradually limitdescribed he annualcontribution limits in the preceding the AGI 2. In the case of a joint return, Article I described in Section contribution the case of a rollover in Except in Section described contribution or a recharacterized 408A(e) up to only cash contributions will accept Custodian 408A(d)(6), individuals who have For 2017. through 2013 for $5,500 per year the contribution the end of the year, by the age of 50 reached 2017. through 2013 for per year $6,500 to limit is increased a reflect to these limits will be increased 2017, after years For if any. adjustment, cost-of-living This Custodial Agreement is incorporated into and is part of the and is part into incorporated is Agreement Custodial This (collectively Form Authorization Account Individual Retirement “the “the Depositor,” me (collectively signed by “Agreement”) binding a or “your”) and constitutes “you” “I,” “my,” “me,” Client,” (collectively, Company Jones Trust Edward between contract I have that or “our”) I represent and me. “we” “Custodian,” “EJTC,” its be bound by to and agree the Agreement and understand read in referenced notices and disclosures as the separate as well terms a Roth I am establishing with this Agreement. provided and/or under or “Account”) IRA” (“Roth Account Individual Retirement as amended of 1986, Code Revenue Internal Section 408A of the the support of and for retirement my for provide to (“the Code”), death. beneficiaries after my and account of my is serving as Custodian EJTC that I understand my to relating advice investment providing for is not responsible with agreement a services into entered separately IRA. I have Roth Jones”), a dually registered (“Edward L.P. Jones & Co., D. Edward investment provide to adviser, and investment broker-dealer IRA. my for services brokerage and/or advice Federal by required statement me the disclosure has given EJTC 1.408-6. Depositor Section (“Regulations”) Regulations Tax Income Agreement: the following make and Custodian Roth Individual Retirement Account Custodial Agreement IndividualRoth Retirement Account Code) Revenue of the Internal Section 408A (Under 2018) March (Rev. 5305-RA IRS Form edwardjones.com TRU-7592J-A REV. DEC 2018 © 2018 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED.

Pursuant to a Pursuant to an investment adviser to act as my representative with representative as my act adviser to an investment Account decisions in my investment make authority to of assets the investment to with respect EJTC and direct or Account; in my providing adviser or broker-dealer an investment make but with no authority to advice, investment of the investment to decisions with respect investment Account. in my assets (i) (ii) which either has been delegated discretionary authority authority discretionary which either has been delegated provide to or is authorized such investments, regarding includes directions authorization The EJTC. to direction my disbursements from make Jones to Edward from I that services for I owe fees Jones for Edward to Account authorized. separately have as adviser, Jones as investment If I appoint Edward Jones has Edward the extent to above, for provided any Account, securities in my any authority over investment and 7(h) of me in Article IX, Sections 3, 7(g) to references Jones. No other Edward also to are this Agreement me shall include Edward to in this Agreement references act on to Jones the authority of Edward revoke Jones. I may Delegation of Investment Responsibility. Jones as: Edward appointed I have agreement, separate to with respect direction take to EJTC and direct I authorize Jones, Edward from Account in my of assets the investment As of February 9, 2019, if I am not currently utilizing the Fund if I am not currently 2019, 9, As of February Account, in a timely manner. in a timely manner. Account, as my sweep product, the Fund will no longer be available as no longer be available the Fund will product, sweep as my Free my direction, with my consistent case, an option. In that the Bank to transferred will be automatically Balances Credit interest receive or held as cash and eligible to Program funds that and agree I acknowledge (“Cash Interest”). thereon If I do not intend investment. awaiting are held as Cash Interest to I agree in the future, funds held as Cash Interest invest to to the funds financial advisor and will transfer notify my my them from cash option or withdraw another available

Certain terms and conditions apply to the Bank Program. the Bank Program. apply to and conditions terms Certain and conditions the terms in the Fund is subject to Investment Disclosure Program The prospectus. in the Fund set forth available are and the Fund prospectus the Bank Program for at website Jones’ Edward on financial advisor or my from change Jones may Edward www.edwardjones.com/disclosures. time. any at Program under the Sweep available the products Jones, I hereby Edward to other directions not given If I have agent, to Jones, acting as my Edward elect and authorize as Balances Credit Free deposit and hold some or all of my Jones If Edward Accounts. Reserve in Customer Cash Interest on Accounts Reserve in Customer Balances Credit holds Free which are apply, and conditions terms certain behalf, my Jones’ Edward financial advisor or on my from available www.edwardjones.com/disclosures. at website of Duties. Delegation (a) Insurance Corporation (“Sweep Program”). The products products The Program”). (“Sweep Corporation Insurance Jones Money Edward the are Program Sweep the in offered Bank Jones Insured and the Edward Fund (“Fund”) Market these choosing one of By (“Bank Program”). Deposit Program in Balances Credit Free have to I consent product, sweep as my Program. in the Sweep included Account my account, advisory investment Jones is an Edward Account If my be held in will investment awaiting cash balances my advisory of the investment with the terms accordance is not an Account If my Account. my applicable to agreement the following advisory account, Jones investment Edward apply: terms utilizing the Fund as if I am currently 2019, 9, As of February be to continue will Balances Credit Free my product, sweep my my I change the Fund unless to transferred automatically the Fund not select I may in which case, selection thereafter, product. again as a sweep 4. (i) (ii) Page 2 of 6 Page I may I may No persons other Investments must be registered be registered must Investments separate trading authorization or power of attorney has of attorney or power authorization trading separate or I will not assign EJTC. by accepted and to been provided as security this Account held in assets otherwise encumber obligation. any for than those I have identified to EJTC in connection with the connection in to EJTC identified than those I have No Account. in my an interest have opening of this Account are those signing this Agreement persons other than a unless this Account act on behalf of to authorized made by me within a reasonable time, furnish the names and furnish time, me within a reasonable made by agencies reporting credit of the consumer of any addresses reports. credit consumer any obtained which EJTC from Authority to Act. Beneficial Owner and other information, as necessary, to determine whether to whether to determine to as necessary, other information, is opened, the Account after or, Account my establish or restrict or decline, Account maintain that whether to request will, upon written EJTC services. certain discontinue connection with opening my Account, I have supplied EJTC EJTC supplied have I Account, opening my with connection and identify me to EJTC allow to information with truthful by requested reasonably additional information will supply and reports credit obtain consumer to EJTC I authorize EJTC. financial institutions to obtain, verify and record information information record and verify to obtain, institutions financial In an account. person who opens identifies each that

Credit Balances”) to either a money market mutual fund or a market either a money to Balances”) Credit Deposit the Federal by insured bank whose deposits are time to time, are available at www.edwardjones.com/disclosures. at available are time, time to clients, provides that program sweep a Jones offers Edward with the option to type, depending on their account (“Free cash in their account uninvested transfer automatically The availability of these Additional Services is subject to is subject to Services of these Additional availability The type or investment. account by vary and may approval and terms separate be subject to may Services Additional from in effect and the applicable Schedule of Fees conditions Certain additional services are authorized by this Agreement this Agreement by authorized are additional services Certain including, but not limited upon request, be activated and may of delivery and electronic transfers, check writing, electronic to, Services”). (“Additional other information and/or statements held in my Account, or render advice to me with respect to the to me with respect to advice or render Account, held in my held in my assets or disposition of any retention investment, me. adviser to not act as investment will EJTC Account. EJTC. EJTC shall have no obligation or discretion to direct the direct to or discretion no obligation shall have EJTC EJTC. hold the to authorized and is merely Account of my investment shall not question EJTC by me. specified particular investments securities or other property any review such directions, any the year. Recurring contributions that exceed such limit will be exceed that contributions Recurring the year. calendar year. the following automatically reinstated by and manner required in the form and held in the Account death, or for traditional IRA accounts only, if I reach the age of if I reach only, IRA accounts traditional or for death, exceeds amount of contributions the cumulative When 70½. year, a given limits for contribution the IRS maximum allowable for further contributions accept to no obligation will have EJTC for which such contribution is made. All contributions will be All contributions is made. which such contribution for timely I provide unless contributions as current-year recorded terminate may EJTC the contrary. to EJTC to notice my is notified of including if EJTC reason, any for contributions extensions, or such later date as may be determined by the by be determined as may date or such later extensions, the for Service Revenue or the Internal Department of Treasury designate, I shall relates. which the contribution for year taxable year the taxable the EJTC, to acceptable and manner in a form I am responsible for the determination of any excess excess of any the determination for I am responsible to day last The thereof. and the timely withdrawal contributions is the a particular tax year for annual IRA contributions make return, not including tax income federal my filing deadline for designate whether each such deposit is a contribution, rollover, rollover, is a contribution, whether each such deposit designate whether for no responsibility shall have and EJTC or transfer, the reserves EJTC or permissible. is correct such designation or conversion. transfer rollover, contribution, any refuse right to Contributions, Rollovers, Transfers and Conversions. and Transfers Rollovers, Contributions, in Account, my to transfers and rollovers, contributions, make the Code, by be permitted as may such time amounts and at I shall and applicable law. this Agreement EJTC, Regulations, (c) Investments and Instructions. and Instructions. Investments

For certain account account certain For I acknowledge that that I acknowledge EJTC will provide custody custody will provide EJTC All distributions may be subject to applicable applicable be subject to may All distributions Unless instructed otherwise by me in writing, EJTC me in writing, EJTC otherwise by instructed Unless by it or any Service Provider or any “Force Majeure” event, as event, Majeure” “Force or any Provider Service it or any by me with to time provide time will from EJTC defined below. and/ of securities as periodic valuations as well data market Such data Account. my held in or other financial investments has EJTC Providers Service third-party is obtained from has no liability to EJTC that and agree I understand selected. of such data. in or interruption omissions delay, errors, me for Proxies. may that and proxies me all prospectuses to shall deliver of its holding of reason by possession EJTC’s into come with the standards in accordance Account securities in my and FINRA. Commission of the Securities and Exchange regular course of business and subject to such limits as EJTC such limits as EJTC and subject to of business course regular My Edward Account. my time for time to from establish may designation. a professional utilize Jones financial advisor may not affiliated are Jones and EJTC Edward that I understand of the sponsoring firms of such professional with any Jones Edward my by use of attainment The designations. in no designation financial advisor of a particular professional Jones Edward Jones, or my Edward EJTC, implies that way or planning services financial financial advisor provides Account. my for advisory services investment sent via instructions accept does not generally EJTC other electronic or any message mail, text electronic mail, and such as voice as a recording medium, or provided EJTC I agree in this manner. instructions give not to agree restrict discretion, in its sole and absolute time, any at may any take to or refuse disbursements, deposits, or transfers Account. action in my Use of Electronic Systems and Third-party Data. is at information Account my access to systems electronic data, providing nor its vendors sole risk. Neither EJTC my any to including but not limited or other services, information the that warrant Providers”), “Service (collectively, exchange viruses from or free free, error will be uninterrupted, service warranty any does not make EJTC or other harmful effects. of these any obtained from of information the accuracy as to any me or to to way will not be liable in any EJTC systems. failure, from or damage arising loss any other person for or or delivery in transmission or delay error, inaccuracy, or non- or message; information data, of any omission neglect or omission due to in data interruption performance, distribution. EJTC shall not be responsible or be liable for the for or be liable responsible not be shall EJTC distribution. any distribution of propriety or timing, sufficiency purpose, good faith. in reasonable made distributions or for Withholding. me or require may EJTC and penalties. taxes withholding, and election a withholding provide to beneficiaries my any making number before identification taxpayer Account. my from distribution (RMD). Required Minimum Distributions and manner in a form me, by if requested may, types, EJTC the RMD amount in Jones, compute Edward to acceptable be I shall with Article IV of the Agreement. accordance be amount to RMD the proper causing for responsible if Edward Even each year. Account my from withdrawn my I (and after me with an RMD calculation, Jones provides for ensuring that responsible are beneficiary) my death, IRS in amounts which satisfy made timely and are RMDs are and 401(a)(9) Sections 408(a)(6) under Code requirements Jones will not Edward Regulations. Treasury and the related (or me do so by to requested RMDs unless any distribute choose Jones may Edward my death). beneficiary after my or in writing. verbally be submitted to request my require to Non-discretionary Services. financial investments. securities and certain for services in its by EJTC those offered to will be limited services These Instructions on Account Transactions.

(d) (b) (c) (b) (c) Jones of Edward Duties and Obligations Powers, Company. Trust (a)

7. Page 3 of 6 Page

I acknowledge that EJTC EJTC that I acknowledge I may designate one or designate I may If I have no designated no designated If I have Distributions may be made in cash or, be made in cash or, may Distributions If a beneficiary survives me, but dies me, If a beneficiary survives Delegation of Custodian’s Duties. Delegation by EJTC. I shall be solely responsible to pay all taxes and all taxes pay to I shall be solely responsible EJTC. by such of any due as a result become may penalties that beneficiary). Any such request may be verbal or in writing on be may request such beneficiary). Any be to the assets shall designate EJTC, to acceptable a form or and shall be followed the distribution, for provide sold to as shall be requested such documentation by accompanied if permitted under policies and procedures established by by established under policies and procedures if permitted EJTC of Article V, the provisions in kind. Subject to EJTC, in such time, at Account my from distributions shall make by such manner and in such amounts as shall be requested or successor designated any death, of my in the event me (or, considered to have survived the designated beneficiary. the designated survived have to considered Form of Distributions. laws of the State of Missouri; or if none, then (3) the or if none, of Missouri; of the State laws beneficiary successor If any estate. beneficiary’s deceased of a designated dies within 120 hours of the death beneficiary shall not be such successor beneficiary, deceased beneficiary’s interest in my Account in the Account my in interest beneficiary’s deceased beneficiary’s and priority: (1) the deceased order following then (2) the deceased surviving spouse; or if none, stirpes, as defined under the per descendants, beneficiary’s beneficiary in a writing received by and acceptable to EJTC. to EJTC. by and acceptable received beneficiary in a writing successor beneficiary has no designated If the deceased the beneficiaries survive beneficiaries, or no successor the shall distribute then EJTC beneficiary, deceased Death of Beneficiary. of Death his Account, in my interest his or her entire receiving before any shall be paid to Account my in interest or her remaining by the deceased beneficiaries designated successor following order and priority: (1) my surviving spouse; or surviving spouse; and priority: (1) my order following as defined per stirpes, descendants, then (2) my if none, then or if none, of Missouri; of the State under the laws estate. (3) my Beneficiary Not Designated. my me, then beneficiaries, or no beneficiaries survive in the to be designated beneficiaries shall be deemed assets in my Account or payments (e.g., dividends) received received dividends) (e.g., or payments Account in my assets any no liability to have shall EJTC Account. my into value of in the of or fluctuation loss for any beneficiary Account. held in my assets following my death, then EJTC may treat such beneficiary treat may then EJTC death, my following me. survive to as failing determine shall, in its sole discretion, EJTC death, my After all or otherwise administering transferring the method for beneficiary dies within 120 hours of my death, such my death, beneficiary dies within 120 hours of In me. survived to have considered beneficiary shall not be such beneficiary’s addition, if a beneficiary does not claim 30 of the year September by Account in my interest acceptable to EJTC. Any beneficiary designation accepted accepted beneficiary designation Any EJTC. to acceptable by me. executed as of the date will be effective EJTC by received not beneficiary designation any declare may EJTC designated If any be void. to lifetime during my EJTC by more beneficiaries of my IRA. Beneficiaries must be must my IRA. Beneficiaries beneficiaries of more and by is received me in a writing that by designated Jones. I acknowledge that the terms and conditions of this and conditions terms the that Jones. I acknowledge shall agreement, services separate and any Agreement, Account. my apply to is a subsidiary of The Jones Financial Companies, L.L.L.P., L.L.L.P., Financial Companies, Jones of The is a subsidiary some or all of its delegate may EJTC that and understand of a subsidiary or affiliate to duties under this Agreement including Edward L.L.L.P., Jones Financial Companies, The form and manner acceptable to EJTC. EJTC shall not be EJTC EJTC. to manner acceptable and form its receipt prior to initiated transactions for way liable in any of such notice. my behalf at any time in accordance with my separate separate with my accordance time in any behalf at my in a and will notify EJTC Jones Edward with agreement Designation of Beneficiary(ies).

Distributions. (a) (c) (b)

Designation of Beneficiaries. Designation (a) (b) (b) 6. 5. edwardjones.com TRU-7592J-A REV. DEC 2018 © 2018 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. Any notices, notices, Any If I fail to pay any administrative fee, fee, administrative any pay to If I fail All expenses incurred by EJTC in EJTC by incurred All expenses This Agreement may be terminated by me at any any at me by be terminated may Agreement This EJTC may resign for any reason by giving notice giving notice by reason any for resign may EJTC Expenses and Taxes. Expenses my of and maintenance the establishment with connection of the fees this Agreement, and its duties under Account with respect services providing and other persons attorneys and Services Additional for fees including Account, my to a separate to Jones pursuant Edward to amounts owed kind penalties of any and and all taxes agreement, services or Account my to with respect or assessed imposed, levied Account, my shall be paid from thereof or income the assets with policies me in accordance otherwise paid by unless be may as the same EJTC, by established and procedures time. time to changed from within a under this Agreement tax provided or expense, been has such payment demand for time after reasonable adequate does not contain Account or if my EJTC, made by of investment the cost or cover items such cover cash to without liquidate may EJTC Account, in my purchases as it deems Account of my as much of the assets notice assets of all If the liquidation this purpose. for appropriate for me shall charge sufficient, EJTC is not Account in my amounts. such excess Liquidation of Assets.

shall notify EJTC in writing of such appointment. EJTC shall in writing of such appointment. EJTC shall notify EJTC administratively as soon as Account of my the balance transfer appoint a to If I fail of such notice. receipt following practicable thirty (30) calendar days within or custodian trustee successor may EJTC of its resignation, notice gives EJTC the date after or trustee a successor to Account of my the balance transfer me in to such balance it chooses, or distribute that custodian and all or a portion of the assets liquidate kind or may deduct the amount may kind. EJTC in cash or in distribute and taxes expenses fees, outstanding any pay to necessary I distribution. or such transfer from Account my to with respect tax in adverse result may such a distribution that understand actions or any shall not be liable for EJTC consequences. text message to me at the last phone number set forth in EJTC’s in EJTC’s forth phone number set the last me at to message text (e) or beneficiary; me or any to personally delivered (d) records; where such website and/or public website on EJTC’s posted Any applicable law. by if allowed me information, provides EJTC beneficiary shall be effective me or any mailed (i) to such notice when actually shall be effective EJTC when mailed, and (ii) to when is effective message email or text sent by Notice received. and when delivered; is effective personal delivery by sent; notice on the is effective Jones’ website Edward to posting by notice the extent and to in its sole discretion may, EJTC posted. date the to including but not limited applicable law, by permitted other in any notice or accept provide and Regulations, Code There media. or electronic telephonic or by such as orally form, my to apply that and policies of EJTC important disclosures are change subject to and policies are disclosures These Account. my time and can be obtained from any me at to without notice www.edwardjones.com/EJTC/disclosures. at financial advisor or instructions with accompanying EJTC to notice time by of my Distribution Account. of my distribution regarding another to Account in my of the assets or transfer Account as soon as with this Agreement shall be in accordance custodian of such notice. receipt following practicable administratively outstanding any pay to deduct the amount necessary may EJTC such from this Account to with respect and taxes expenses fees, upon shall terminate Agreement This or transfer. distribution or Account of my of the assets or transfer withdrawal complete of EJTC. upon resignation Resignation. of Upon receipt in advance. me thirty (30) calendar days to and or custodian trustee a successor I shall appoint such notice, (b) (c) and Communications. Disclosures Notices, under this Agreement required or communications disclosures at the last beneficiary to me or any class, be (a) mailed, first may its principal at EJTC and to records, in EJTC’s set forth address beneficiary me or any email to by delivered (b) of business; place by sent (c) records; in EJTC’s set forth email address the last at Termination. 10. 11. 9. Page 4 of 6 Page

I authorize EJTC to to EJTC I authorize EJTC shall have the shall have EJTC EJTC shall not be liable for EJTC It is my obligation to ensure ensure to obligation It is my I understand that I will receive an receive I will that I understand additional compensation EJTC may receive in connection connection in receive may EJTC additional compensation at website on EJTC’s can be found Account with my www.edwardjones.com/EJTC/disclosures. as published from time to time and as in effect at the time time and as in effect to time as published from and the commission payable, becomes such compensation EJTC’s financial advisor. my from is available schedule that concerning IRAs and information for Schedule of Fees Fees of Edward Jones Trust Company. as its services for Account my from payment retain IRAs for with its Schedule of Fees in accordance Custodian, shall indemnify and hold harmless EJTC from any liability any from EJTC shall indemnify and hold harmless the liability arising from except arise hereunder may that of EJTC. or willful misconduct negligence gross disaster, extraordinary weather conditions, government government conditions, weather extraordinary disaster, or exchange of communications, interruptions restrictions, or other conditions or strikes, rulings, labor unrest market I event). Majeure” a “Force (each of EJTC the control beyond EJTC need not investigate or inquire as to any statement statement any as to or inquire need not investigate EJTC and it as true accept in such document but may contained me caused to loss any is not liable for EJTC I agree accurate. natural civil unrest, terrorism, war, by or indirectly directly with my Account or in connection with any transaction of my of my transaction with any or in connection Account with my instrument, act upon any entitled to is EJTC Account. is is genuine and believes form it believes or certificate person or persons, and the proper by or presented executed EJTC in accordance with my directions or from any failure to to failure any or from directions with my in accordance EJTC or such directions of any act because of the absence action or inaction) (whether by control my from resulting (or taxes any shall not be liable for EJTC Account. my over me in connection by incurred or penalties thereon) interest assets credited to my Account. my to credited assets Scope of Custodian’s Liability. by action taken any from result may kind that of any loss any activity comply with the Code or whether the duties of with the Code activity comply shall EJTC been satisfied. the activity have those directing the regarding directions my question duty to any not have or sale of retention diversification, reinvestment, purchase, that any transactions effected by me comply with all by me effected transactions any that no duty to shall have EJTC and regulations. applicable laws whether contributions, or ascertain investigate question, other account or any distributions rollovers, transfers, Agreement. Any request by EJTC for judicial assistance shall judicial assistance for EJTC by request Any Agreement. as set arbitrate right to of EJTC’s a waiver not be considered Agreement. of this Section 17, in Article IX, forth Scope of Custodian’s Duties. action shall be me, but EJTC may join any other person or join any may but EJTC action shall be me, including attorneys’ cost, The persons as a party defendant. as an shall be charged such proceeding of any fees, under Article IX, Section 8, of this expense administrative right at any time to apply to a court of competent jurisdiction of competent a court to apply to time any right at of determination or for judicial settlement of its accounts for or for arise, which may of construction, questions any such any to party defendant only necessary The instructions. report, record or information had been settled by judgment had been settled by or information record report, jurisdiction. No person of competent of a court or decree an accounting. require other than I may Assistance. Right to Request Judicial have approved such report, record or information and EJTC and EJTC or information record such report, approved have my (including anyone liability to all from shall be released set to all matters respect with beneficiary) spouse or any as though the or information record in the report, forth distributions as is prescribed by the IRS. Unless I file with I the IRS. Unless by as is prescribed distributions any to or objections exceptions of statement a written EJTC notice after (10) days within ten or information record report, to I shall be deemed or information, record of the report, custodial account statement, and no other separate account account no other separate and statement, account custodial furnish me with an shall EJTC will be provided. statements requirements with the in accordance prepared annual report required concerning information and with such of the Code, Records and Reports. Records as my serve will that statement brokerage Jones Edward

I may direct direct I may EJTC’s failure to to failure EJTC’s For delivery delivery For Except to the extent otherwise prohibited otherwise prohibited the extent to Except Except to the extent preempted by federal law, law, federal by preempted the extent to Except If any provision of this Agreement is or of this Agreement provision If any Delivery of Account-related Documents. THIS AGREEMENT CONTAINS A BINDING, PRE-DISPUTE CONTAINS THIS AGREEMENT of such conduct on EJTC’s part shall not constitute or be part shall not constitute on EJTC’s of such conduct of its rights hereunder. of any EJTC by a waiver considered Severability. this shall reason, any for or unenforceable invalid becomes other any of validity or enforceability the not affect of this Agreement. provision Grouping My Account for Planning Purposes. my group to Jones, Edward including or its affiliates, EJTC planning me or others for by owned with accounts Account information to consent purposes, and in so doing hereby with and accessible being shared Account about me and my party of the grouped and authorized each owner by planning for accounts grouped previously If I have accounts. EJTC I direct shall be added unless Account purposes, my Jones otherwise. or Edward including or its affiliates, EJTC direct purposes, I may with other accounts Account my group Jones, to Edward and in so doing hereby of record, address my share that documents being included with Account my to consent If I address. that and mailed to of other accounts materials my purposes, delivery for accounts grouped previously have or Edward EJTC I direct shall be added unless Account Jones maintain the right and Edward EJTC Jones otherwise. I can me. to documents directly Account send my to at grouping or delivery a planning from Account my remove Jones. or Edward notifying EJTC time by any fees incurred by EJTC or its affiliates, as a result of or in result as a affiliates, or its EJTC by incurred fees IRA in maintaining the Roth or establishing with connection of the minor. the name Indemnification. from harmless and hold EJTC indemnify to I agree law, by that or liabilities claims, expenses causes of action, any by EJTC party against third me or any by might be asserted this Agreement. to related actions or omissions of my reason Incompetence, Disability, Succession. Binding Effect, Death, of the prior agreement supersedes any Agreement This heirs, be binding upon my shall parties and its terms agents, estate, representatives, beneficiaries, personal and trustees assigns, administrators, successors, executors, my involving all matters as to (“Successors”) conservators the terms to limited including but not with EJTC, Account death, of my in the event that I agree arbitration. to relating hold shall Successors my I and/or or disability, incompetency, incur for may and all liability EJTC any from harmless EJTC and competent alive as though I was operate to continuing death of such by Successors is notified in writing until EJTC in the the foregoing, Notwithstanding or incompetency. may EJTC or disability, incompetency, death, of my event Account my to services or terminate restrict liquidate, Successors. or demand upon my to without prior notice EJTC’s Conduct Not to Constitute Waiver. with this compliance time upon strict any at insist course continued or any of its terms or with any Agreement Governing Law. Governing validity, effect, construction, administration and application, and and application, administration construction, effect, validity, by rights and duties, shall be governed the parties’ respective to any without giving effect of Missouri of the State the laws rights property Any provisions. of laws or conflict of law choice under is established that Account with any or associated created as the rights well including rights of spouses, as this Agreement, heirs, distributees of their legal and personal representatives, of of the State the laws by shall be governed and successors, or domicile and residency party’s of any regardless Missouri, state. of any laws property the community to without regard (a) (i) Accounts. Grouping (a) (b) their this Agreement, amendments to and any this Agreement, (f) (g) (h) 17. Arbitration Agreement. Agreement. Arbitration 17. 15. 16. Page 5 of 6 Page Except to the to Except If EJTC merges with, merges If EJTC I, my spouse, and any beneficiary beneficiary and any spouse, I, my Contributions to an account for a for an account to Contributions This Form 5305-RA (Articles I through VIII) (Articles I through 5305-RA Form This A parent or legal guardian may execute the execute may or legal guardian A parent EJTC may amend this Agreement in any respect respect in any amend this Agreement may EJTC hold harmless EJTC and its affiliates from any losses, claims any losses, from and its affiliates EJTC hold harmless attorney and reasonable costs or damages, including court any beneficiaries. EJTC has no obligation or duty to or duty has no obligation beneficiaries. EJTC any or the action of the parent or question review investigate, establishing by or legal guardian, parent The legal guardian. indemnify and to agrees IRA on behalf of a minor, this Roth Individual Retirement Account Authorization Form on Form Authorization Account Individual Retirement is established IRA this Roth In the event behalf of a minor. on is authorized, or legal guardian the parent a minor, for afforded actions are whatever take to behalf of such minor, other than designating of this Agreement, under the terms nonworking spouse must be made to a separate account account a separate be made to spouse must nonworking spouse. the non-working by established Minor Accounts. return for the tax year (without regard to extensions). This This extensions). to (without regard the tax year for return the for States in the United be created must Account my beneficiaries. benefit of me or exclusive pre-approved by the IRS. A Roth IRA is established after the after IRA is established the IRS. A Roth by pre-approved is fully Form Authorization Account Individual Retirement and must of EJTC in the records me and entered by executed tax income of my than the due date no later be completed IRS Model Form. meets the requirements that Agreement is a model Custodial and has been automatically of Section 408A of the Code spouse or any beneficiary, nor shall I, my spouse, or any or any my spouse, nor shall I, beneficiary, spouse or any option, encumber or sell, pledge, beneficiary anticipate, to which or proceeds of the benefits, payments any assign the Agreement. be entitled under he or she is or may Prohibition against Assignment of Benefits. the benefits, none of law, by otherwise required extent behalf or on my Account held in my or proceeds payments be subject beneficiaries shall spouse or any on behalf of my of my or creditors creditors of my the claims of any to of the Code, with respect to my Account. The foregoing foregoing The Account. my to with respect of the Code, actions taken any me shall not apply to by representation Jones. or Edward EJTC by security for a loan or borrow from my Account. Neither I nor Account. my from a loan or borrow security for agent or my is acting as that other person or institution any in any behalf shall engage is otherwise acting on my 4975 within the meaning of Section transaction, prohibited may not assign my Account or use it, or any portion of it, as or use it, or any Account my not assign may Prohibited Transactions. Spousal Account.

(e) (d) (c) (b) Additional Agreement Provisions. Agreement Additional (a) sending written notice to EJTC in a form and manner acceptable and manner acceptable in a form EJTC to notice sending written I am sent the date from within thirty (30) calendar days EJTC to consent to I shall be deemed of such amendment(s), notification such amendment(s). any to changes by mail, by email, by posting such changes online or by such changes online or by posting by email, mail, by changes by my on including a notification law, by other means permitted any review to Jones website the Edward me to directing statement by amendment(s) such to I object Unless details of a change. Amendments. of with applicable provisions conform it may that time so any at time from as in effect other applicable law any or with the Code, as this Agreement to such other changes make or to time, to will notify me of such Jones Edward deems advisable. EJTC If the Commissioner of the IRS notifies me that a substitute a substitute of the IRS notifies me that If the Commissioner then I shall appoint a substitute be appointed, must custodian custodian. IRA established pursuant to this Agreement, but only if such this Agreement, pursuant to IRA established be custodian to under applicable law is authorized organization any shall have or custodian trustee IRA. No successor of a Roth of its predecessors. acts or omissions the or liability for obligation of such transfer or distribution. of such transfer Custodian. or Substitute Successor such another organization, by is purchased or purchases of the Roth custodian become shall automatically organization failures to act, neither on the part of any successor trustee or or trustee successor part of any on the act, neither to failures result incur as a I may tax consequences any for nor custodian, 14. 13. 12. edwardjones.com TRU-7592J-A REV. DEC 2018 © 2018 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

ARBITRATION CLAUSE THAT MAY BE ENFORCED BY THE PARTIES. By signing the Agreement, I agree as follows: 1. All parties to this Agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. 2. Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited. 3. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. 4. The arbitrators do not have to explain the reason(s) for their award unless in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. 5. The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. 6. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible in arbitration may be brought in court. 7. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this Agreement. Any controversy arising out of or relating to any of my account(s) from its inception, business, transactions or relationships I have now, had in the past or may in the future have with EJTC, its current and/or former officers, directors, partners, agents, affiliates and/or employees, this Agreement, or to the breach thereof, or transactions or accounts maintained by me with any of EJTC’s predecessor or successor firms by merger, acquisition or other business combinations shall be settled by arbitration in accordance with the FINRA Code of Arbitration Procedure rules then in effect. My demand for arbitration shall be made within the time prescribed by those rules and will be subject to the applicable state or federal statutes of limitations as though filed in court. Judgment upon any award rendered by the arbitrators may be entered in any court having jurisdiction thereof. To the extent permitted by law, the exclusive jurisdiction for any such controversy that is not arbitrable under this Agreement shall be the Circuit Court of St. Louis County, State of Missouri or the United States District Court for the Eastern District of Missouri, and I consent to the jurisdiction of such courts. (b) Class Actions. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action, or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; (ii) the class is decertified; or (iii) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein.

Roth Individual Retirement Account (Custodial) Disclosure Statement

This Disclosure Statement contains important information about B. Requirements for Roth IRAs. traditional Individual Retirement Accounts (“traditional IRA”) Roth IRAs are subject to the following requirements under the described in Section 408(a) of the Internal Revenue Code Code and Regulations: (“Code”) and Roth Individual Retirement Accounts (“Roth IRA”) described in Section 408A of the Code and applicable Federal 1. Contributions. Contributions to your Roth IRA may be made Income Tax Regulations (“Regulations”). You should read this directly by you or you may direct that a portion of your federal Disclosure Statement, as well as the Custodial Agreement, to income tax refund be directly deposited to your IRA as a make certain that you fully understand the rules and tax contribution. You may make contributions to a Roth IRA for any consequences applicable to traditional IRAs and Roth IRAs. tax year in which you have taxable compensation, regardless of your age. The Custodian of your IRA is Edward Jones Trust Company (“EJTC”), a federally chartered savings and loan association (a) Contribution Limits. The amount that you may contribute to wholly owned by The Jones Financial Companies, L.L.L.P. EJTC all traditional and Roth IRAs for any tax year as a regular is an affiliate of Edward D. Jones & Co., L.P., a dually registered contribution cannot exceed the lesser of 100% of your broker-dealer and investment adviser (“Edward Jones”). EJTC compensation or that year’s contribution limit. If you are age may delegate some or all of its custodial and other duties to 50 at any time during the year, you also may make additional Edward Jones. catch-up contributions to a Roth IRA. In addition, individuals who participate in a 401(k) plan sponsored by an employer EJTC, as Custodian of your account, is not responsible for who files for bankruptcy and is subject to an indictment or providing investment advice relating to your IRA. You have conviction due to business transactions relating to the entered into a separate agreement with Edward Jones to provide bankruptcy may be able to make additional contributions to investment advice and/or brokerage services for your IRA. a Roth IRA. Catch-up contributions cannot be made for the The provisions of this Disclosure Statement are subject to change. same year as these bankruptcy-related contributions. For EJTC and its affiliates or agents do not provide tax or legal advice. each of the applicable contribution limits, see Appendix A, You should seek tax or legal advice for any and all matters Contribution Limits – Traditional IRA and Roth IRA. regarding your Roth IRA, with regard to your specific situation, (b) Compensation. Compensation generally includes wages, as such matters may result in adverse tax consequences and/or salaries, professional fees, commissions, bonuses, tips, penalties. earned income from self-employment and other amounts A. Your Right to Revoke Your IRA. received for personal services, and certain nontaxable combat pay. Compensation also generally includes amounts If EJTC does not provide you with the Custodial Agreement and received under a divorce decree or separation agreement, the Disclosure Statement at least seven (7) days prior to the earlier such as alimony or separate maintenance payments. of (1) the establishment of the account (by you signing the Compensation does not include earnings and profits from applicable EJTC Individual Retirement Account Authorization property, such as interest, dividends, capital gains and rents, Form) or (2) purchase of the account (through any deposit, or pensions, annuities or deferred compensation or any contribution, transfer, rollover, payment of fee or any other account amount excluded from gross income. activity), then you may revoke the account by providing a written notice to EJTC. Your notice to revoke must be in writing and mailed (c) Eligibility for Contributions to Roth IRAs. The amount of by you not more than seven (7) days after the earlier of the your eligible Roth IRA contribution is based on your establishment of the account or purchase of the account to: modified adjusted gross income (MAGI) for the tax year for which the contribution is made and your filing status (i.e., Edward Jones Trust Company single taxpayer, married taxpayers filing a joint return or 12555 Manchester Road married taxpayers filing separate returns). If your MAGI St. Louis, MO 63131 exceeds a certain threshold level, your Roth IRA Telephone: 800-441-2357 contribution is reduced (phased out) or a contribution may EJTC shall not be obligated to make any investments during the not be allowed. (See Appendix A, Eligibility to Make Roth period you have the right to revoke. If you mail the notice of IRA Contributions.) revocation, it will be treated as received as of the postmark date if it (d) Modified Adjusted Gross Income. MAGI is generally is properly addressed and deposited in the United States mail, first determined based on your adjusted gross income on your class postage prepaid, or with an IRS approved overnight service. tax returns but disregarding any deductible IRA If any material adverse change is made in this Disclosure contributions and adding back interest from qualified U.S. Statement or a material change in the Custodial Agreement is savings bonds, employer-paid adoption expenses, interest made within the seven (7) day period described above, EJTC will paid on education loans, deduction for qualified tuition and notify you and your right to revoke the account will be extended related expenses, and certain exclusions from income for until seven (7) days after the date you receive the notice. U.S. residents and citizens living abroad. Income from the conversion of a traditional IRA to a Roth IRA is ignored for If you revoke the account as described above, EJTC will return to purposes of determining your MAGI. you the entire amount of your contribution without adjustment for such items as sales commissions or administrative expenses. (e) Deadline. A Roth IRA contribution must be made by the due Consideration paid by you in the form of cash will be returned to date of your federal income tax return, not including you in the same value of cash. Consideration paid by you in the extensions. The date that your federal income tax return is form of securities or other assets will be returned to you in the actually filed does not affect the contribution deadline. same form and number of units as you contributed (after taking (f) Contributions for Certain Spouses. If you are married and into account any change due to stock splits, corporate mergers, or file a joint federal income tax return, either you and/or your other activity that may impact the share amount) regardless of spouse may make a contribution to a Roth IRA if you meet value, less any amount withdrawn. EJTC will report the the eligibility requirements. The amount you may contribute contribution and distribution to the IRS. cannot exceed the lesser of 100% of your combined

compensation, reduced by your contributions to your traditional and Roth IRAs or from certain Employer-sponsored traditional and Roth IRAs for the tax year, or the applicable Retirement Plans) that do not exceed $2,000. (See Appendix dollar limit described in Appendix A, Contribution Limits – A, Saver’s Tax Credit, for applicable limits.) Traditional IRA and Roth IRA. If your and your spouse’s 3. Tax-deferred Earnings. The investment earnings of your Roth combined compensation for the year is less than the IRA are generally not subject to federal income taxation before maximum Roth IRA contribution limits in any one year, you distribution, and will not be subject to federal income tax when cannot contribute more than the limit in that year or in later distributed if distributed as part of a “qualified distribution” (as years to make up the difference. described in Taxation of Distributions below). However, if your You are not treated as having a spouse for any taxable year Roth IRA investments generated unrelated business taxable you file a separate federal income tax return and do not live income, it may be required to file Form 990T with the IRS and with your spouse for any part of the taxable year. pay federal and possible state and local tax on such income. (g) Cash Contributions. Contributions to a Roth IRA must be 4. Taxation of Distributions. The taxation of Roth IRA made in cash by check, money order or electronic funds distributions depends on whether the distribution is a “qualified transfer, except in the case of a rollover contribution, a distribution” or a “nonqualified distribution.” conversion to a Roth IRA or a recharacterized contribution. (a) Qualified Distributions. Qualified distributions from your 2. Custodian. The custodian of any IRA must be a bank, savings Roth IRA (both the contributions and earnings) are and loan association, insured credit union or another entity excluded from gross income. A qualified distribution is a approved by the Secretary of the Treasury. The custodian of distribution which is made after the five-year period this IRA is EJTC. (described below), and is made on account of one of the following events: 3. Life Insurance. No portion of any IRA may be invested in life insurance contracts. • Attainment of age 59½; 4. Nonforfeitability. Your interest in your IRA is nonforfeitable. • Your disability; 5. Commingling Assets. The assets of any IRA may not be • The purchase of a first home up to the $10,000 lifetime commingled with other property except in a common trust limit; or fund or common investment fund. • Your death. 6. Collectibles. You may not invest the assets of any IRA in The five-year period begins on the first day of the taxable collectibles within the meaning of Code Section 408(m). A year for which you made your first contribution to any Roth collectible is defined as any work of art, rug or antique, metal or IRA or, if earlier, the first day of the taxable year in which gem, stamp or coin, alcoholic beverage or any other tangible you made your first conversion contribution to any Roth personal property specified by the IRS. Coins issued by states IRA. In the case of a spouse who is treating an inherited and certain U.S. gold, silver and platinum coins are permissible Roth IRA as his or her own, the beginning of the five-year investments in an IRA. Gold, silver, platinum and palladium period is not redetermined. Accordingly, the five-taxable- bullion of a specified fineness (as described in Code Section year period includes the period that the Roth IRA was held 408(m)(3)) also are permissible investments. Failure to satisfy by the deceased spouse. For purposes of determining this requirement would result in an amount equal to the cost of whether a distribution is a “qualified distribution,” you have the collectible being treated as a distribution from your IRA. one five-year period for all your Roth IRAs. It is your 7. Distributions – In General. Distributions from the IRA will be responsibility to track the five-year period and determine made in cash or in kind upon your request in a form and whether a distribution is a “qualified distribution.” manner, including verbal instruction, acceptable to the (b) Nonqualified Distributions. If you do not meet the Custodian. However, the Custodian may make a distribution requirements for a qualified distribution, any earnings you from the IRA without instruction if directed to do so by a levy withdraw from your Roth IRA will be included in your gross or court order, or if the Custodian resigns. income and, if you are under the age of 59½, may be (a) Required Minimum Distributions (“RMDs”) from Roth IRAs. subject to a 10% early distribution penalty unless you The minimum distribution rules applicable to Roth IRAs rollover the distribution (or transfer it) to another Roth IRA differ from those applicable to traditional IRAs. Your within 60 days of your receipt of the distribution. However, beneficiary is responsible for ensuring that RMDs are made when you take a distribution, the amounts you contributed timely and in amounts which satisfy IRS requirements under annually to any Roth IRA account will be deemed to be Code Sections 408(a)(6) and 401(a)(9) and the related removed first, followed by conversion contributions made Treasury Regulations. The Custodian will not make any to any Roth IRA, on a first-in, first-out basis. Therefore, your payments from the Roth IRA (including RMDs) unless nonqualified distributions will not be taxable to you until requested to do so, in such manner as it may require, by you your withdrawals exceed the amount of your annual (or your beneficiary after your death). A summary of the contributions and your conversion contributions. These Roth IRA RMD rules can be found in Article V of the Roth “ordering rules” are complex. If you have any questions IRA Custodial Agreement. regarding the taxation of distributions from your Roth IRA, you should consult with your tax advisor. C. Income Tax Consequences of Roth IRAs. The taxable portion of any nonqualified withdrawal from your 1. Income Tax Deductions. You may NOT take a federal income Roth IRA, except a direct transfer, is subject to withholding tax deduction for any contributions you make to your Roth IRA. for federal income taxes, and possibly state and local taxes. All Roth IRA contributions (other than rollover contributions, as The amount that must be withheld for federal income taxes discussed below) are made from after-tax income. is equal to at least 10% of the portion of the distribution that 2. Tax Credit. You may be eligible for a nonrefundable tax credit is includible in your income. However, prior to a distribution for your traditional and Roth IRA contributions. To receive this from your Roth IRA, you may elect not to have any amount credit, you must be at least age 18, and you must not be either withheld by filing the appropriate withholding election with a dependent of another taxpayer or a full-time student. The the Custodian. Special federal rules, and possibly state and credit is based upon your adjusted gross income (including local income tax withholding rules, may apply if the foreign earned income and income from American Samoa and distribution is sent outside the United States. Puerto Rico), and will range from 0% to 50% of your IRA contributions (reduced by certain distributions from your

D. Special Rules Applicable to Rollover plan that is a return of contributions to the plan that were taxable to you when paid. In addition, the 10% tax on early Contributions and Transfers. distributions does not apply. 1. Transfers. A transfer is a movement of assets between like retirement plans. A direct transfer of funds in your traditional Any amount rolled over into a Roth IRA is subject to the IRA or Roth IRA from one trustee/custodian to another trustee/ same rules for converting a traditional IRA into a Roth IRA. custodian is not a rollover. Because there is no distribution to These rules are described in (a) above. you, the transfer is tax free. You may make unlimited transfers (d) Employer-sponsored Retirement Plan to Roth IRA between IRAs within the same 12-month period. Conversions. A rollover from an Employer-sponsored 2. Rollovers. Rollover is a term used to describe the federal income Retirement Plan to Roth IRA Conversion can be made tax-free movement of cash or other property to your IRA from directly through a trustee-to-trustee transfer or indirectly any of your other IRAs or from your Employer-sponsored through distribution and rollover within 60 days. Rules Retirement Plan. Your IRA balance may be rolled over to another similar to the rules described in (c) above apply. The IRA of yours, or your IRA may receive rollover contributions from amount of the conversion from your Employer-sponsored other IRAs or from your Employer-sponsored Retirement Plan Retirement Plan to your Roth IRA is treated as a distribution (including qualified plans, tax-sheltered annuities or Section for federal income tax purposes and is includible in your 457(b) governmental plans), provided that the rollover satisfies gross income (except for any after-tax contributions). The all of the applicable rollover rules. 10% early distribution penalty does not apply to the rollover, regardless of whether you qualify for an exception to the Rollover transactions often are complex. If you have any 10% penalty. However, if the amount rolled over is questions about whether you are eligible to make a rollover distributed within five (5) years thereafter, the 10% early contribution to your IRA, you may contact your employer, the distribution penalty (and exceptions thereto) will apply at IRS or your tax advisor. The general rollover rules are as follows: that time as if the distribution was included in income. (a) Conversion of Traditional IRA to Roth IRA. You may be (e) No Rollover of Required Minimum Distributions. You cannot eligible to rollover (i.e., convert) all or any portion of your rollover to your IRA any RMDs which you receive from your existing traditional IRAs into your Roth IRAs. However, if IRA or your Employer-sponsored Retirement Plan. you are age 70½ or older, you must receive your RMD for that year prior to converting your traditional IRA. The (f) NAV Rollover Policy. In certain instances some mutual fund amount of the rollover from your traditional IRA to your companies may allow retirement plan assets that had been Roth IRA is treated as a distribution for federal income tax invested in their mutual funds to be moved into an IRA and purposes and is includible in your gross income (except for the money reinvested into their mutual funds as Net Asset any nondeductible contributions). Although the rollover Value (NAV) reinstatements without new sales charges. amount generally is included in gross income, the 10% early These options will vary by mutual fund company and may distribution penalty does not apply to rollovers from a require you to rollover the assets into an IRA held at the traditional IRA to a Roth IRA, regardless of whether you mutual fund company in order to receive this benefit. If you qualify for any exceptions to the 10% penalty. To qualify decide to establish a fund-held IRA to take advantage of a as a rollover, you must rollover the distribution from your NAV program, neither EJTC nor any of its affiliates will be the traditional IRA to your Roth IRA within 60 days after you broker-dealer of record on the account. After your retirement receive it. The 60-day requirement may be waived by the assets are invested in the IRA under the NAV program at the IRS in certain situations, such as casualty, disaster or events fund company, you can decide to transfer your mutual fund beyond your reasonable control. Alternatively, you may holdings from the account at the fund company to an IRA at arrange for a trustee-to-trustee transfer. If you wish to make EJTC with no commissions being charged. a Roth IRA conversion for a particular year, you must 3. Recharacterizations. If you make a contribution to a traditional complete the conversion by December 31 of that year, even IRA, you may later recharacterize either all or a portion of that if the 60-day period would end after December 31. contribution as having been made to a Roth IRA, along with net (b) Roth IRA to Roth IRA Rollovers. Funds distributed from your income attributable thereto. Recharacterization generally Roth IRA may be rolled over to the same or another of your involves a trustee-to-trustee transfer of the contribution and Roth IRAs. A proper IRA to IRA rollover is completed if all income from the traditional IRA to the Roth IRA. Instruction for or part of the distribution is rolled over not later than 60 the recharacterization must be given to the Custodian and any days after the distribution is received. The 60-day other trustee or custodian involved in the transaction. The requirement may be waived by the IRS in certain situations, deadline for completing a recharacterization of a contribution is such as casualty, disaster or other events beyond your the deadline for filing your federal income tax return (including reasonable control. You must not have completed another extensions) for the tax year for which the contribution was made, Roth IRA to Roth IRA rollover from the distributing IRA and the recharacterization must be reported on that return. during the past 12 months immediately before the date on Recharacterized amounts are treated as having been contributed which you receive the distribution. Also, you may rollover to the Roth IRA on the same date and for the same taxable year the same dollars or assets only once every 12 months. If the that the amount was contributed to the traditional IRA. To the distribution from your Roth IRA is for a qualified first-time extent you have made nondeductible contributions to an IRA, home purchase of a principal residence, and such purchase you may need to file IRS Form 8606. Pursuant to IRS does not occur, the 60-day rollover period described above regulations, you may not recharacterize a conversion. is extended to 120 days and the 12-month rule described If you make a contribution to a Roth IRA, you may later above does not apply. recharacterize either all or a portion of that contribution as (c) Employer-sponsored Retirement Plan to Roth IRA Rollovers. having been made to a traditional IRA. The same rules apply You can rollover distributions directly from an employer- to the recharacterization as apply to recharacterizations of sponsored retirement plan (other than a designated Roth traditional IRA contributions to Roth IRA contributions. account) to a Roth IRA. You must include in your gross income distributions from an employer-sponsored retirement E. Federal Tax Penalties. plan (other than a designated Roth account) that you would 1. Early Distribution Penalty. If you are under age 59½, and you have had to include in income if you had not rolled them over receive a traditional IRA distribution, a nonqualified distribution into a Roth IRA. You do not include in gross income any part from a Roth IRA, or a distribution of a conversion amount of a distribution from an employer-sponsored retirement within the five-year period beginning with the year in which the conversion occurred, then a 10% additional tax will apply unless

the distribution is made on account of (i) death, (ii) disability, time during the two-year period after the end of the active duty. (iii) a series of substantially equal periodic payments (at least The 10% early distribution penalty does not apply. annual payments) made over your life expectancy or the joint 2. Divorce or Separate Maintenance. If all or any portion of your life expectancy of you and your beneficiary, (iv) an IRS levy, (v) IRA is awarded to a former spouse or spouse under a decree of payment of unreimbursed medical expenses that exceed 7.5% divorce or separate maintenance, such portion can be of your adjusted gross income, (vi) payment of health insurance transferred to an IRA of the same type in the receiving spouse’s premiums after being separated from employment and while name. There will be no tax implications to you if a written receiving unemployment compensation under a federal or state instrument specifically directing the transfer is executed by a program for at least 12 weeks, (vii) certain qualified higher court as part of a divorce or legal separation in accordance education expenses, (viii) expenses incurred in making a first with Code Section 408(d)(6) and is received and accepted by home purchase (up to lifetime maximum of $10,000), (ix) a the Custodian. The Custodian may require other direction from qualifying rollover, or (x) the timely withdrawal of an excess you and your spouse or former spouse. contribution. The additional tax applies only to the portion of a distribution that is includible in gross income. 3. Prohibited Transactions. If your IRA is involved in a prohibited transaction, as described in Code Section 4975, your IRA will The IRS may change these penalty exceptions or permit lose its tax-exempt status and you must include the value of additional penalty exceptions from time to time. You are your IRA in your gross income for that taxable year. You also responsible to file any additional IRS forms that may be may be subject to excise taxes. Prohibited transactions include required with your tax return for the year of distribution to the following transactions between you or your beneficiary and claim the exception or to pay the additional 10% penalty. You your IRA: (i) the sale, exchange or leasing of property; (ii) can refer to your tax professional for a detailed explanation of lending money or otherwise extending credit; (iii) furnishing the exceptions to the 10% penalty to ensure you qualify. goods, services or facilities; (iv) the transfer or use of the 2. Excess Contribution Penalty. An excise tax of 6% is imposed income or assets of the IRA; (v) dealing with the income or upon any excess contribution you make to a traditional IRA or a assets of the IRA in your own interest; or (vi) receiving Roth IRA. This tax applies each year in which an excess remains consideration from any party dealing with the IRA in any in your IRA. An excess contribution is the amount of any transaction involving its income or assets. If you are under age contribution that exceeds the limit on your IRA contributions 59½, the 10% penalty tax on early distributions will apply. for the tax year (excluding permissible rollover and conversion 4. Pledges. If you pledge any portion of your IRA as collateral for contributions), plus any impermissible rollover or conversion a loan, the amount so pledged will be treated as a distribution contributions. However, any excess contribution that is and will be included in your gross income for that tax year. If withdrawn, together with the net income attributable thereto, you are under age 59½, the 10% penalty tax on early by the due date for filing your federal income tax return distributions will apply. (including extensions) for the tax year in which you made the contribution is not treated as an excess contribution, provided 5. Fees and Expenses. You agree to pay the fees and other that you do not take a deduction for the contribution. expenses of maintaining and terminating your IRA when due, as Alternatively, excess contributions may be carried forward and determined in accordance with a schedule published from time reported as a contribution in the next year to the extent the to time. If you fail to timely pay, the Custodian may deduct any excess contributions, plus contributions made for that next outstanding balance from the IRA, and if insufficient cash is year, do not exceed the applicable maximum annual available in the Account, the Custodian may liquidate assets to contribution for that next year. pay the balance. 3. Excess Accumulation Penalty. As described above, you must 6. Inherited IRAs. A beneficiary who inherits a Roth IRA cannot receive a minimum distribution from your traditional IRA for the make contributions to the inherited IRA. The beneficiary must year in which you reach age 70½ and no later than the end of take RMDs as described in this document for Roth IRAs. each subsequent year. Your beneficiary also must receive An eligible beneficiary may rollover a decedent’s interest in an certain minimum distributions from your traditional IRA or Roth Employer-sponsored Retirement Plan to an inherited IRA. A IRA after your death. An excise tax of 50% is imposed on the beneficiary who wants to rollover to a Roth IRA must meet the amount of any RMD that should have been distributed but was income and tax filing status limitations (if any) for setting up a not distributed on time. This excise tax is applied for each year Roth IRA. The rollover must be accomplished through a direct any RMD amount is not distributed. trustee-to-trustee transfer. Certain beneficiaries cannot make 4. Penalty Reporting. You must complete and file a Form 5329 this rollover, including entity beneficiaries and trust beneficiaries with the IRS to report and pay the federal tax penalties if the trust does not meet certain look-through trust described above or to claim an exemption. requirements. RMDs required under the plan’s terms cannot be rolled over. Generally, the RMD rules of the deceased’s Employer- F. Investments. sponsored Retirement Plan for non-spouse beneficiaries also Your EJTC Roth IRA is a self-directed IRA, which means that you apply to the inherited IRA. (This is usually the five-year rule or direct the investments held in the IRA. You have the responsibility the life expectancy rule.) However, if the five-year rule applies, for selecting investments and for monitoring their performance. the non-spouse beneficiary may use the life expectancy rule if Investment performance will vary with the investment selected the rollover is made before the end of the year following the year and cannot be projected by and is not guaranteed by EJTC. If you the decedent died. If the decedent died after his or her Required have entered into an investment advisory agreement, the Beginning Date, the life expectancy rule applies. investment decisions may be made by the investment adviser A spouse who is the sole beneficiary of a decedent’s IRA can pursuant to the investment advisory agreement. Your self-directed instead elect to treat the IRA as his or her own. In this case, the Roth IRA is maintained for your exclusive benefit. spouse is not subject to the after-death minimum distribution G. Miscellaneous Information. requirements described in Section B.7 above. Instead, the spouse is subject to the RMD rules applicable to IRA owners. 1. Qualified Reservist Distributions. A “qualified reservist distribution” may be made from a Roth IRA to an individual who 7. IRS Approval. The EJTC Roth IRA Custodial Agreement is the was ordered or called to active duty after September 11, 2001, model custodial agreement on Form 5305-RA that satisfies the and before December 31, 2007, for a period of more than 179 requirements of Code Section 408A and has been approved by days (or for an indefinite period). The distribution must have the IRS. IRS approval of this agreement is a determination only been made during the period beginning on the date of the order about its form, and does not indicate any endorsement of your or call to duty and ending at the close of the active duty period. Roth IRA or of the available investments. The amount distributed may be re-contributed to the IRA at any

8. Designation of Beneficiary. You should designate a 12. Account Protection. To obtain information about account beneficiary(ies) to receive the balance of your IRA when you protection that the Securities Investor Protection Corporation die. Your beneficiary(ies) must be designated on the EJTC (“SIPC”) provides, including an explanatory SIPC brochure, visit Individual Retirement Account Authorization Form applicable to www.sipc.org or call 202-371-8300. your account or other writing acceptable to EJTC. The assets 13. Business Continuity. Edward Jones has a business continuity remaining in your IRA will be distributed upon your death to the plan (“BCP”) to allow EJTC to continue serving clients and beneficiary(ies) named by you on record with the Custodian in provide them with access to their funds and securities in the accordance with the provisions of the Custodial Agreement for event of a disaster. If any of Edward Jones’ facilities are your IRA. If a beneficiary you designate is not a U.S. citizen or damaged or otherwise inaccessible as a result of a disaster, other U.S. person (including a resident alien individual) when Edward Jones associates affected by such event would work you die, distribution options from the IRA and the tax treatment from different areas of the same location or from alternate of such distributions may be more restrictive. locations controlled by Edward Jones. Edward Jones has data 9. Qualified HSA Funding Distribution. You may be able to make centers in two geographically distinct locales. In the event one a one-time “qualified Health Savings Account funding data center is damaged in a disaster, Edward Jones would move distribution” from your Roth IRA to a Health Savings Account. technological support and processing to the unaffected data Such a distribution must be made in a trustee-to-trustee center, with an expected short-term interruption in operations. transfer. For more information, including information about the Edward Jones’ response to a significant business disruption is maximum amount that can be rolled over and the tax treatment dependent upon the response of third parties, and Edward of such rollover, see IRS Publications 590 and 969. Jones cannot guarantee that a significant business disruption will not impact its operations. In the event of a significant 10. Estate and Gift Taxes. Generally, at your death, the total value business disruption, you can obtain information about the of assets in your Roth IRA is included in your gross estate for status of your account(s) and access to your funds and federal estate tax purposes. However, deductions are allowed if securities by contacting your financial advisor or Edward Jones your beneficiary is either your spouse or a charity. Generally, Client Relations at 800-441-2357. Any updates to the Edward naming a beneficiary to receive payments from your Roth IRA Jones BCP will be posted at www.edwardjones.com/disclosures. is not considered a gift subject to federal gift tax, even if the designation is irrevocable. This is because the account owner H. Conclusion. typically retains the right to direct distributions, including Rates of return, fees, and restrictions on contributions, transfers, rollovers and transfers. and withdrawals of funds may vary among different IRA 11. Additional Tax Information. Income tax planning and reporting custodians and trustees. Every traditional IRA sponsor is required for IRAs is complex, and EJTC does not provide tax advice. This to provide you with a Disclosure Statement, similar to this one, document does not contain a complete explanation of all describing the terms of its IRA. possible tax situations. You should consult with your tax This Disclosure Statement was prepared on the basis of current advisor for your individual planning needs and to consider any law and regulations and is believed to be accurate. EJTC does not special income tax reporting. take responsibility for individual tax consequences nor does it More information about your Roth IRA can be obtained from any undertake the responsibility to inform you of changes in the law or district office of the IRS and from the IRS website at www.irs.gov. its interpretation. You also may wish to obtain publications from the IRS, including Publication 590, Individual Retirement Arrangements (IRAs), and Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). IRS forms are available at any district office of the IRS and at www.irs.gov. For a summary of the basic tax forms that may be required for your Roth IRA, see Appendix A.

2 2 2 2 A Partial A Partial A Partial A Partial A Partial 2 2 2 Then You You Then Can Take: Deduction Deduction Deduction Deduction No Deduction No Deduction No Deduction No Deduction A Full Deduction A Full Deduction A Full Deduction A Full Deduction A Full Deduction A Full Deduction Then … Then is reduced is reduced is reduced 2021 $1,000 $6,000

The amount you can contribute can contribute amount you The can contribute amount you The The amount you can contribute can contribute amount you The You can make a Full Contribution can make You a Full Contribution can make You You cannot contribute to a Roth IRA a Roth to cannot contribute You IRA a Roth to cannot contribute You You cannot contribute to a Roth IRA a Roth to cannot contribute You 2021 Any Amount Any Amount Any $66,000 or less $66,000 $198,000 or less $198,000 $105,000 or less $105,000 or less $105,000 $76,000 or more $76,000

$125,000 or more $125,000 $125,000 or more $125,000 less than $76,000 less

$208,000 or more $208,000 less than $125,000 less than $125,000 less less than $208,000 less

More than $66,000 but than $66,000 More More than $198,000 but than $198,000 More More than $105,000 but than $105,000 More but than $105,000 More 2021

$10,000 or more $10,000 More than $0 but More less than $10,000 less $140,000 or more $140,000 $208,000 or more $208,000 less than $140,000 less Less than $125,000 than Less less than $208,000 less Less than $198,000 than Less And Your MAGI Is: MAGI And Your At least $125,000 but $125,000 least At At least $198,000 but $198,000 least At 2020 $1,000 $6,000 Page 1 of 3 Page 2020 Any Amount Any Any Amount Any $65,000 or less $65,000 $196,000 or less $196,000 $104,000 or less $104,000 or less $104,000 $75,000 or more $75,000 $124,000 or more $124,000 or more $124,000 less than $75,000 less $206,000 or more $206,000

less than $124,000 less less than $124,000 less less than $206,000 less And Your MAGI Is: MAGI And Your

More than $65,000 but than $65,000 More More than $196,000 but than $196,000 More More than $104,000 but than $104,000 More but than $104,000 More

2020

$10,000 or more $10,000 More than $0 but More less than $10,000 less $139,000 or more $139,000 $206,000 or more $206,000 less than $139,000 less Less than $124,000 than Less less than $206,000 less Less than $196,000 than Less At least $124,000 but $124,000 least At At least $196,000 but $196,000 least At No Yes spouse) spouse) Covered Covered One Spouse One Spouse (for covered covered (for Both Spouses Neither Spouse by Employer’s Employer’s by (for non-covered non-covered (for Are You Covered Covered You Are Retirement Plan? Retirement

1 Compensation Compensation Filing and Your Is … Status If You Have Taxable Taxable Have If You Married Filing Separately or Qualifying Widow(er) Married Filing Jointly Single or Head of Household Married Filing Jointly or Qualifying Widow(er) Single or Head of Household If You Have Taxable Taxable Have If You Compensation Filing and Your Is … Status DEDUCTIBILITY – TRADITIONAL IRA CONTRIBUTIONS DEDUCTIBILITY – TRADITIONAL Gross Adjusted Modified your by the amount of is affected IRA a Traditional deductibility to contribution whether your table shows This (MAGI). Income ELIGIBILITY TO MAKE ROTH IRA CONTRIBUTIONS MAKE ROTH ELIGIBILITY TO (MAGI). Income Gross Adjusted your Modified by the amount of affected IRA are a Roth to contributions whether your table shows This Regular Contribution Regular Contribution Catch-up CONTRIBUTION LIMITS – TRADITIONAL IRA AND ROTH IRA* AND ROTH – TRADITIONAL IRA LIMITS CONTRIBUTION Type Contribution Individuals who will be at least age 50 by the end of the year can make a catch-up contribution. Traditional IRA contributions cannot be made for the year the year be made for cannot IRA contributions Traditional contribution. a catch-up can make the end of the year age 50 by least at Individuals who will be an individual turns 70½ or after. Roth IRA contributions can be made regardless of age if you are eligible. are of age if you be made regardless can IRA contributions Roth or after. an individual turns 70½ 1 Married Filing Separately – If you did not live with your spouse anytime during the tax year, use single filing status. use single filing during the tax year, spouse anytime with your did not live – If you 1 Married Filing Separately assistance. tax advisor for or see your IRA contribution, partial Roth your determine to 590 IRS Publication in and worksheet 2 Use the formula * Disclosure Statement Appendix A – Traditional IRA and IRA Roth StatementDisclosure Appendix – Traditional A adjustments.) cost-of-living based on annual below referenced the amounts increase IRS may (The edwardjones.com LGL-7421J-A-T REV. DEC 2020 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. edwardjones.com

DEDUCTIBILITY – TRADITIONAL IRA CONTRIBUTIONS This table shows whether your contribution deductibility to a Traditional IRA is affected by the amount of your Modified Adjusted Gross Income (MAGI). If You Have Taxable Compensation Are You Covered And Your MAGI Is: and Your Filing by Employer’s Then You Status Is … Retirement Plan? 2020 2021 Can Take: Neither Spouse Any Amount Any Amount A Full Deduction Married Filing A Partial Less than $10,000 Less than $10,000 Separately1 Either Spouse Deduction2 Covered $10,000 or more $10,000 or more No Deduction 1 Married Filing Separately – If you did not live with your spouse anytime during the tax year, use single filing status. 2 Use the formula and worksheet in IRS Publication 590 to determine your partially deductible traditional IRA contribution, or see your tax advisor for assistance. SAVER’S TAX CREDIT (For contributions you make in Employer Retirement Plans and IRAs) You Receive Credit of: If Your Filing Status Is … And Your MAGI (2021) Is: (Maximum Credit for 2021: $1,000) $0 – $19,750 50% of Contribution Single/Married Filing Separately $19,751 - $21,500 20% of Contribution or Qualifying Widow(er) and All Other Filers $21,501 - $33,000 10% of Contribution $33,001 or more 0% $0 - $39,500 50% of Contribution $39,501 - $43,000 20% of Contribution Married Filing Jointly $43,001 - $66,000 10% of Contribution $66,001 or more 0% $0 - $29,625 50% of Contribution $29,626 - $32,250 20% of Contribution Head of Household $32,251 - $49,500 10% of Contribution $49,501 or more 0%

CONTRIBUTION LIMITS – SEP PLAN 2020 2021 Employer Percent Limit 25% 25% Employer Contribution Limit $57,000 $58,000 Compensation Cap $285,000 $290,000 Compensation Threshold Used for Eligibility $600 $650

Summary of the Basic Tax Forms and IRS Publications

IRS Forms: IRS Form 5329 (Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts) – Used to report IRS Form 1099-R (Distributions From Pensions, Annuities, additional taxes, penalties, or penalty exceptions on traditional or Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc.) Roth IRA distributions. Some examples include: – Used to report distributions from your traditional or Roth IRA. Some examples include: • Tax and/or penalty due from an excess contribution and removal of the attributable earnings • All taxable and nontaxable distributions • Penalty due from an excess contribution that is being • Conversions carried forward • Recharacterizations • Early distribution from your traditional IRA • Removal of excess contributions • Missed Required Minimum Distribution from your traditional IRA • Direct rollovers IRS Form 8606 (Nondeductible IRAs) – Used to report: IRS Form 5498 (IRA Contribution Information) – Used to report • Nondeductible contributions you made to a traditional IRA specific deposits and additions to your traditional IRA or Roth IRA. Some examples include: • Distributions from a traditional, SEP or SIMPLE IRA, if you have ever made nondeductible traditional IRA contributions or rolled • Contributions and rollover contributions over after-tax amounts to a traditional IRA • Conversions • Distributions from Roth IRAs • Recharacterizations • Conversions from a traditional, SEP or SIMPLE IRA to a • Fair market value Roth IRA if you have ever made nondeductible traditional • Required Minimum Distribution (RMD) information IRA contributions or rolled over after-tax amounts to a • Certain postponed and special catch-up contributions traditional IRA • Repayment of qualified reservist distributions and federally designated disaster withdrawals

IRS Form 8880 (Credit for Qualified Retirement Savings IRS Publications: Contributions) – Used to calculate the amount, if any, of your IRS Publication 590 – Individual Retirement retirement savings contributions credit (also known as the Arrangements (IRAs) – This publication discusses traditional, saver’s credit). Roth and SIMPLE IRAs. It explains the rules for: IRS Form 990-T (Exempt Organization Business Income • Setting up an IRA Tax Return) – Used to calculate and report your IRA’s tax liability, • Contributing to an IRA if any, for Unrelated Business Taxable Income (UBTI). • Transferring money or property to and from an IRA • Handling an inherited IRA • Receiving distributions from an IRA • Taking a credit for contributions to an IRA It also explains the penalties and additional taxes that apply when the rules are not followed. To assist you in complying with the tax rules for IRAs, this publication contains worksheets, sample forms and tables, which can be found throughout the publication and in the appendices at the back of the publication.

IRS Publication 560 – Retirement Plans for Small Business (SEP, SIMPLE and Qualified Plans) – This publication discusses retirement plans employers can set up and maintain for themselves and their employees.

IRS forms and publications are available at any district office of the IRS and at www.irs.gov.

$5.00 $5.00 $25.00 $25.00 $100.00 $95.00 $40.00 per calendar year, not prorated not prorated calendar year, per $40.00 not prorated calendar year, per $20.00 $100.00 $25.00 $25.00 $20.00 Minimum $50.00 per calendar year per position held in the account. position held in the account. per per calendar year Minimum $50.00 apply. may and expenses fees Additional 3 1 1,2,3

2 4 1 1,2 y 1, 2019, at the time of total transfer or termination of an account we will waive the total transfer or termination fee and the annual fee or termination transfer the total will waive we of an account or termination transfer time of total the at y 1, 2019, Overnight delivery fee delivery Overnight only) (domestic fee transfer Wire (international) fee transfer Wire fee investment Annual private ADDITIONAL SERVICES AND FEES ADDITIONAL SERVICES check Returned ACCOUNT SERVICES ACCOUNT fee service Estates of assets) re-registration the for (charged Individual Retirement Account (IRA) Account Individual Retirement IRAs of the same individual Additional of an account or termination transfer Total payment ACH Returned request payment Stop fee ACH Same-day ANNUAL ACCOUNT FEE ACCOUNT ANNUAL Edward Jones account. Edward Jones retains the right to charge the fee if the account balance is less than the amount of the fee. than the amount of the fee. is less balance if the account the fee charge the right to Jones retains Edward Jones account. Edward T Beginning Ma individual retirement account fee, if due but unpaid, for accounts that meet the following criteria: (1) the account must be open for at least 24 months 24 least at be open for must account (1) the criteria: meet the following that accounts if due but unpaid, for fee, account individual retirement for under care in assets or less of $5,000 value a total have must pricing group and (2) the account’s transfer; or total of termination the date prior to details on For statement(s)). Jones account Edward the relevant by (determined or transfer of termination the date preceding the month immediately financial advisor or visit edwardjones.com/pricinggroup. your contact pricing groups, Schedule of Fees forIndividual Schedule Retirement Accounts Fees of Company) Jones Trust Edward IRAs Held at Custodial and SIMPLE Roth (Traditional/SEP, edwardjones.com 4 to an ortransfer divorce owner, oftheaccount death (RMD), minimumdistribution required afinal from ifitresults bewaived may he fee 3 1 The fee does not apply to Edward Jones investment advisory accounts. investment Jones Edward does not apply to fee 1 The visit www.edwardjones.com/pricinggroup. details, For under care. in assets or more with $250,000 pricing groups for is waived fee 2 The All fees are subject to change without notification. The current version of the Schedule of Fees for IRAs can be found found can be for IRAs Fees of version of the Schedule The current without notification. change subject to are All fees www.edwardjones.com/EJTC/disclosures. at This page is intentionally left blank. rev. February 2017

Privacy Notice

FACTS What Does Edward Jones Do with Your Personal Information?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do.

What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and investment experience • Income and risk tolerance • Assets and account transactions When you are no longer our customer, we continue to share your information as described in this notice.

How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Edward Jones chooses to share; and whether you can limit this sharing.

Does Edward Can you limit REASONS WE CAN SHARE YOUR PERSONAL INFORMATION Jones share? this sharing?

For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders Yes No and legal investigations, or report to credit bureaus

to offer our products and services to For our marketing purposes – Yes No you

For joint marketing with other financial companies Yes No

information For our affiliates’ everyday business purposes – Yes No about your transactions and experiences

information For our affiliates’ everyday business purposes – No We don’t share about your creditworthiness

For nonaffiliates to market to you No We don’t share

QUESTIONS? Call (800) 803-3333 or go to www.edwardjones.com/privacy

LGL-7514E-A REV. FEB 2017 PAGE 1 OF 3 www.edwardjones.com PAGE 2

WHO WE ARE

Who is Edward D. Jones & Co., L.P.; The Jones Financial Companies, L.L.L.P.; Olive Street providing Investment Advisers, LLC; Passport Research, Ltd.; Edward Jones Insurance Agency of this notice? New Mexico, L.L.C.; Edward Jones Insurance Agency of Massachusetts, L.L.C.; Edward Jones Insurance Agency of California, L.L.C.; and Edward Jones Trust Company.

WHAT WE DO

How does Edward Jones To protect your personal information from unauthorized access and use, we use protect my security measures that comply with federal law. These measures include computer personal safeguards and secured files and buildings. information?

How does Edward Jones We collect your personal information, for example, when you: collect my • Open an account or give us your contact information personal information? • Seek advice about your investments or tell us about your investment or retirement portfolio • Enter into an investment advisory contract We also collect your personal information from others, such as credit bureaus, affiliates or other companies.

Why can’t Federal law gives you the right to limit only: I limit all • Sharing for affiliates’ everyday business purposes – information about your sharing? creditworthiness • Affiliates from using your information to market to you • Sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See the Other Important Information section for your rights under state law.

DEFINITIONS

Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. • Our affiliates include companies with a name that contains “Edward Jones” or “EDJ” and financial companies such as Edward D. Jones & Co., L.L.P.; Olive Street Investment Advisers, LLC; Passport Research, Ltd.; and Edward Jones Trust Company.

Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Edward Jones does not share with nonaffiliates so that they can market to you.

Joint A formal agreement between nonaffiliated financial companies that together market marketing financial products or services to you. • Our joint marketing partners include a company that offers Edward Jones-branded credit cards.

LGL-7514E-A REV. FEB 2017 PAGE 2 OF 3 www.edwardjones.com PAGE 3

OTHER IMPORTANT INFORMATION

California We will not share information we collect about you with companies outside of residents Edward Jones, unless permitted by law. We also limit sharing among Edward Jones and our affiliate companies to the extent required by California law.

Nevada We are providing this notice to you pursuant to state law. Nevada law requires us to residents disclose that you may request to be placed on our internal “Do Not Call” list at any time by calling 800-441-2357, and that you may obtain further information by contacting the Nevada Attorney General, 555 E. Washington Ave., Suite 3900, Las Vegas, NV 89101; phone 702-486-3132; email [email protected].

Vermont As a resident of Vermont, we will automatically limit sharing of your information residents outside of the Edward Jones corporate family, unless otherwise permitted by law. We may share information with your consent to service your accounts or under joint marketing agreements.

LGL-7514E-A REV. FEB 2017 PAGE 3 OF 3 www.edwardjones.com This page is intentionally left blank. edwardjones.com

Revenue Sharing Disclosure

Edward D. Jones & Co., L.P. (“Edward Jones”) is a registered no change in the value of your investment. Revenue sharing broker-dealer and investment advisor in the United States and is payments increase or decrease from year to year with changes in wholly owned by the Jones Financial Companies, L.L.L.P. (“JFC”). the value of the related assets. Edward Jones receives payments known as revenue sharing from Variable annuity product partners pay Edward Jones a one-time certain mutual fund companies, 529 plan program managers and fee based on the amount of the product sold. This approach is insurance companies (collectively referred to as “product referred to as a sales-based fee and is based on the dollar value of partners”). Virtually all of Edward Jones’ transactions relating to your initial purchase and any subsequent contributions you make mutual funds, 529 plans and annuity products involve product to the contract. For example, if a product partner pays Edward partners who pay revenue sharing to Edward Jones. We do not Jones 0.25% for each dollar you invest or use to purchase a receive revenue sharing payments on assets within investment variable annuity product, if you made a $10,000 investment, the advisory programs. We want you to understand that Edward Jones’ product partner would pay Edward Jones $25.00. receipt of revenue sharing payments creates a potential conflict of interest in the form of an additional financial incentive and financial Edward Jones has designated many, but not all, of the product benefit to the firm, our financial advisors and equity owners in partners that pay revenue sharing to Edward Jones as strategic connection with the sale of products from these product partners. product partners. This designation means that Edward Jones has For the year that ended on December 31, 2020, Edward Jones determined these product partners have a broad or strategically received revenue sharing payments of approximately $247.9 million aligned spectrum of investment and annuity solutions designed to from mutual fund and 529 product partners and $4.7 million from meet a variety of our client needs. Edward Jones grants strategic annuity product partners. For that same period, the total revenue of product partners greater access to certain information about our JFC and its affiliates was $10.2 billion. business practices. In addition, these product partners have frequent interactions with our financial advisors to provide Revenue sharing, as received by Edward Jones, involves a payment training, marketing support and educational presentations. from a mutual fund company’s adviser or distributor, a 529 plan Non-strategic product partners that pay revenue sharing may program manager, or an insurance company or the entity that receive similar treatment. markets an annuity contract. It is not an additional charge to you. These payments are in addition to standard sales loads, distribution Most of the mutual funds, 529 plans and annuity products sold by and/or service fees (12b-1 fees), expense reimbursements, and Edward Jones involve strategic product partners and, as noted sub-transfer agent fees for maintaining client account information above, most of these product partners pay revenue sharing to and for providing other administrative services for mutual funds Edward Jones. The names of strategic product partners are shown (shareholder accounting and networking fees). These payments are in bold and italics on the following revenue sharing summary also in addition to fees for maintaining technology and providing tables. While Edward Jones financial advisors may sell, and our other administrative services for insurance products (inforce clients are free to select, funds from many mutual fund companies, contract service fees). we predominantly promote mutual fund strategic product partners. With regard to variable annuities, Edward Jones’ Mutual fund and 529 plan product partners make revenue sharing financial advisors have limited access to the products and services payments to Edward Jones based on the value of assets under of insurance carriers that do not pay revenue sharing. management, known as an asset-based fee. For example, if a product partner pays Edward Jones a revenue sharing payment For additional information on a particular product partner’s that is 0.1% of the value of assets under management on an payment and compensation practices, please review the annualized basis and you make a $10,000 purchase of an applicable prospectus, statement of additional information or investment, hold it for a year, and its value remains the same, the offering statement. product partner would make a $10.00 payment to Edward Jones. Detailed information and disclosures concerning revenue sharing For every subsequent year you continue to hold that $10,000 received from product partners are included on the above revenue investment in your Edward Jones account, the product partner sharing summary tables. would make another $10.00 payment to Edward Jones, assuming

MUTUAL FUND COMPANIES: REVENUE SHARING SUMMARY Revenue Sharing Payment - Maximum Annual Asset Fees (Based on $10,000 of eligible Product Partner Total 2020 Revenue Sharing Paid by assets held by clients at Edward Jones) Payments Received1 American Funds Distributors, Inc. $3.50 $98.7 million2 BlackRock Investments, LLC $13.00 $8.1 million Federated Securities Corp. $10.00 $0.4 million Franklin Templeton Distributors, Inc. $6.00 $26.8 million Goldman Sachs Asset Management, L.P. $13.00 $1.7 million Hartford Investment Financial Services, LLC $13.00 $19.0 million Invesco Distributors, Inc. $13.00 $27.5 million Ivy Funds Distributor, Inc. $13.00 $0.2 million3

John Hancock Funds, LLC $13.00 $8.9 million4 J.P. Morgan Investment Management Inc. $13.00 $11.1 million Lord Abbett & Co., LLC $10.00 $13.7 million

529 PLAN PROGRAM MANAGERS: REVENUE SHARING SUMMARY Revenue Sharing Payment - Maximum Annual Asset Fees (Based on $10,000 of eligible Product Partner Total 2020 Revenue Sharing Paid by assets held by clients at Edward Jones) Payments Received1 American Funds Distributors, Inc. $3.50 $__2 Upromise Investments, Inc. $12.50 $0.1 million5

ANNUITY PRODUCT PROVIDERS: REVENUE SHARING SUMMARY Revenue Sharing Payment - Maximum Sales Fees (Based on $10,000 of eligible Product Partner Total 2020 Revenue Sharing Paid by assets purchased by clients at Edward Jones) Payments Received1 American General Life Insurance Company and The United States Life Insurance $25.00 $1.0 million Company in the City of New York Brighthouse Securities, LLC (formerly MetLife Investors Insurance Company Inc. $25.00 $0 and First MetLife Investors Insurance Company) Lincoln National Life Insurance Company $25.00 $1.4 million and Lincoln Life and Annuity Co. of NY Pacific Life & Annuity Company, Pacific Life Insurance Company and Pacific Select $25.00 $0.4 million Distributors, Inc. Protective Life Insurance Company and $25.00 $0.5 million Investment Distributors, Inc. Prudential Annuities Distributors, Inc., Pruco Life Insurance Company of New $25.00 $0.4 million Jersey and Pruco Life Insurance Company

Transamerica Capital, Inc. $25.00 $1.0 million

1 The total 2020 revenue sharing payments received has been reported under the accrual basis of accounting in conformity with generally accepted accounting principles (GAAP). 2 Included in the revenue denoted above, American Funds Distributors, Inc. (“American Funds”) made an additional $5 million non-asset based revenue sharing payment to Edward Jones. For further information on these payments, see the American Funds’ prospectuses. Any revenue received in connection with 529 plan assets for which American Funds is the program manager is included in the total reflected on the mutual fund companies table. 3 The agreement with Ivy Funds was terminated effective March 31, 2020. 4 In addition to asset-based fees, the amounts received include fees paid by John Hancock for its participation at conferences, seminars, programs and/ or other events sponsored by Edward Jones. 5 The agreement with UPromise was terminated effective March 31, 2020.