Common use of Sweep Program Clause in Contracts

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consent. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program option. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep options, your personal financial circumstances and market conditions, you should always consider all of your investment options.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); FDIC or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consentopening. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID programBank Insured Deposit, to a money market mutual fundDreyfus General Money Market Fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consentelection, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-interest- bearing SIPC insured credit investment program pending (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program Bank Insured Deposit option. HTS will generally must provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's ’s investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program Bank Insured Deposit is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. xxx.xxxxxxxxxxxxxxxxx.xxx. Additions and changes to the this list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, coverage and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep sweep, anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's ’ liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or for information regarding the fund rates, contact your Financial Professional. You can also Professional or visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund ratesxxx.xxxxxxxxxxxxxxxxx.xxx. With ongoing changes to the rates of return for the available sweep options, your personal financial circumstances and market conditions, you should always consider all of your investment options.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account accou nt to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consent. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing interest -bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances balanc es in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program optionprogram. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes ch anges to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing ch anging a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all a ll participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank B ank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC SIP C coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without with out advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest intere st you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ www.hillt xxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep optionsBID program, your personal financial circumstances and market conditions, you should always consider all of your investment options. HTS anticipates receiving fees, including fees for administrative services, and other financial benefits for providing sweep funds to our sweep program administrator and participant banks including our affiliate PlainsCapital Bank. HTS anticipates the participant banks will receive a financial benefit from the use of sweep funds, such as net interest income. The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per account holder, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Previously existing or other bank accounts you main tain at a participant bank may affect your FDIC insurance coverage. If your funds on deposit at any one bank exceed the applicable FDIC insurance limit of $250,000 per account holder ($250,000 for qualifying retirement accoun ts), the FDIC will not insure your funds in excess of the limit. If you have a deposit with one of the participant banks that is separate from a balance in the BID, please notify your Financial Professional if the combined deposits are in excess of $250,000, and such excess funds will be placed with another participant bank, if available. HTS is not, itself, an FDIC-insured depository institution. Rather, the FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution, including the participant banks. In order to qualify for this pass-through deposit insurance, HTS is also required to meet certain requirements. The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability. Account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount will be invested in the Dreyfus Government Cash Management Money Market Fund Investor Class (DGVXX). DGVXX, which is only available for account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount, is registered with the SEC pursuant to the Investment Company Act of 1940 and treated as a security. Please note that DGVXX is n ot FDIC-insured, not guaranteed by the federal government, and is not a deposit or obligation of any bank or guaranteed by any bank. There can be no assurance that this or any money market fund will be able to maintain a stabl e net asset value of $1 per share. See the DGVXX money market fund prospectus for more complete information, including terms, management fees, prevailing rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. You should consider the fund's investment objectives, risks, and expenses carefully before investing. For a list of participant banks in the BID program, please go to xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additional information regarding FDIC coverage is available at xxx.xxxx.xxx. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in th e BID program. Please refer to the HTS Bank Insured Deposit Program Terms and Conditions document for additional information. A copy of this document may be obtained from your Financial Profess ional or online at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. The HTS Bank Insured Deposit Program Terms and Conditions document contains information and other disclosures regarding our services, fees and other compensation Hilltop Securities, our affiliates, financial advisors and subcontractors reasonably expect to receive in connection with the BID program and related services provided to your plan and/or account. This information is intended to be sufficient to comply with the Department of Labor regulation on reas onable contracts or arrangements under section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Hilltop Securities has a conflict of interest with respect to the BID program, because the banks participating in program (including PlainsCapital) have discretion in determining how much interest to pay on program deposits, and HTS has discretion in determining how much of that bank interest rate is paid to cus tomers in the program and how much of the bank interest rate to retain itself as a Program Fee. The banks (including PlainsCapital) have a financial interest in paying a lower interest rate so that their net interest income is increased, and HTS has a financial incentive to pay a lower rate to customers so that its fees are increased.. HTS does not share any fees received in the BID program or any revenue received in connection with the pro gram with its Investment Adviser Representatives (IARs). Hilltop pays interest based on a “tiered” interest rate system, which will pay different rates of interest based on five different deposit tiers. Generally speaking, higher cash deposit balances will receive higher rates of interest than deposits with lower balances. The amount of interest paid will be determined by th e amount of interest paid by the banks participating in the program, minus the amount of fees charged by us, as broker-dealer or custodian, in accordance with the following tiers: Tier Deposit Level Tier 1 $0 to $49,999.99 Tier 2 $50,000 to $249,999.99 Tier 3 $250,000 to $499,999.99 Tier 4 $500,000 to $999,999.99 Tier 5 $1,000,000 or more The applicable interest rate tier will be determined based on the amount of cash available in your brokerage account on a per account basis. Cash available in one brokerage account will not be aggregated to include cash which may be contained in other brokerage accounts you hold with us for purposes of qualifying for a higher interest rate tier. In other words, the amount of cash available in each specific brokerage account can only be used to qualify for one individual interest rate tier under the BID program. Interest on funds in a bank deposit account is accrued daily, compounded monthly, and credited to your account monthly. Interest begins to accrue on the date of deposit in the BID up to, but not including, the date of withdrawal. The daily balance method is used to calculate the interest on these accounts. The daily rate is 1/365 (or 1/366 in a leap year) of the interest rate. Account rates are set in accordance with other bank products and may be changed at any time. The rate of return paid on BID program funds may vary from the rat es of return available to account holders making deposits with the participant bank directly, through other types of accounts at yo ur brokerage, or with other depository institutions in comparable accounts. The BID program may be more profitable to HTS and its affiliates than other potential sweep options. You should compare the terms, rates of return, required minimum amounts, charges and other features with other accounts and alternative investments.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep programprogram , you must select a sweep option upon account opening by affirmative written consent. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program optionprogram. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep optionsBID program, your personal financial circumstances and market conditions, you should always consider all of your investment options. HTS anticipates receiving fees, including fees for administrative services, and other financial benefits for providing sweep funds to our sweep program administrator and participant banks, including our affiliate PlainsCapital Bank. HTS anticipates the participant banks will receive a financial benefit from the use of sweep funds, such as net interest income. The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per account holder, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Previously existing or other bank accounts you maintain at a participant bank may affect your FDIC insurance coverage. If your funds on deposit at any one bank exceed the applicable FDIC insurance limit of $250,000 per account holder ($250,000 for qualifying retirement accounts), the FDIC will not insure your funds in excess of the limit. If you have a deposit with one of the participant banks that is separate from a balance in the BID, please notify your Financial Professional if the combined deposits are in excess of $250,000, and such excess funds will be placed with another participant bank, if available. HTS is not, itself, an FDIC-insured depository institution. Rather, the FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution, including the participant banks. In order to qualify for this pass-through deposit insurance, HTS is also required to meet certain requirements. The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability. Account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount will be invested in the Dreyfus Government Cash Management Money Market Fund Investor Class (DGVXX). DGVXX, which is only available for account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount, is registered with the SEC pursuant to the Investment Company Act of 1940 and treated as a security. Please note that DGVXX is not FDIC-insured, not guaranteed by the federal government, and is not a deposit or obligation of any bank or guaranteed by any bank. There can be no assurance that this or any money market fund will be able to maintain a stable net asset value of $1 per share. See the DGVXX money market fund prospectus for more complete information, including terms, management fees, prevailing rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. You should consider the fund's investment objectives, risks, and expenses carefully before investing. For a list of participant banks in the BID program, please go to xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additional information regarding FDIC coverage is availabl e at xxx.xxxx.xxx. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the BID program. Please refer to the HTS Bank Insured Deposit Program Terms and Conditions document for additional information. A copy of this document may be obtained from your Financial Professional or online at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. The HTS Bank Insured Deposit Program Terms and Conditions document contains information and other disclosures regarding our services, fees and other compensation Hilltop Securities, our affiliates, financial advisors and subcontractors reasonably expect to receive in connection with the BID program and related services provided to your plan and/or account. This information is intended to be sufficient to comply with the Department of Labor regulation on reasonable contracts or arrangements under section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Hilltop Securities has a conflict of interest with respect to the BID program, because the banks participating in program (including PlainsCapital) have discretion in determining how much interest to pay on program deposits, and HTS has discretion in determining how much of that bank interest rate is paid to customers in the program and how much of the bank interest rate to retain itself as a Program Fee. The banks (including PlainsCapital) have a financial interest in paying a lower interest rate so that their net interest income is increased, and HTS has a financial incentive to pay a lower rate to customers so that its fees are increased. HTS does not share any fees received in the BID program or any revenue received in connection with the program with its Investment Adviser Representatives (IARs). Hilltop pays interest based on a “tiered” interest rate system, which will pay different rates of interest based on five different deposit tiers. Generally speaking, higher cash deposit balances will receive higher rates of interest than deposits with lower balances. The amount of interest paid will be determined by the amount of interest paid by the banks participating in the program, minus the amount of fees charged by us, as broker-dealer or custodian, in accordance with the following tiers: Tier Deposit Level Tier 1 $0 to $49,999.99 Tier 2 $50,000 to $249,999.99 Tier 3 $250,000 to $499,999.99 Tier 4 $500,000 to $999,999.99 Tier 5 $1,000,000 or more The applicable interest rate tier will be determined based on the amount of cash available in your brokerage account on a per account basis. Cash available in one brokerage account will not be aggregated to include cash which may be contained in other brokerage accounts you hold with us for purposes of qualifying for a higher interest rate tier. In other words, the amount of cash available in each specific brokerage account can only be used to qualify for one individual interest rate tier under the BID program. Interest on funds in a bank deposit account is accrued daily, compounded monthly, and credited to your account monthly. Interest begins to accrue on the date of deposit in the BID up to, but not including, the date of withdrawal. The daily balance method is used to calculate the interest on these accounts. The daily rate is 1/365 (or 1/366 in a leap year) of the interest rate. Account rates are set in accordance with other bank products and may be changed at any time. The rate of return paid on BID program funds may vary from the rates of return available to account holders making deposits with the participant bank directly, through other types of accounts at your brokerage, or with other depository institutions in comparable accounts. The BID program may be more profitable to HTS and its affiliates than other potential sweep options. You should compare the terms, rates of return, required minimum amounts, charges and other features with other accounts and alternative investments.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess exces s cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consent. HTS may change the products prod ucts available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep s weep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program optionprogram. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes ch anges to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment inves tment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all a ll participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible e ligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of o f account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest intere st you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep optionsBID program, your personal financial circumstances and market conditions, you should always consider all of your investment options. HTS anticipates receiving fees, including fees for administrative services, and other financial benefits for providing sweep funds to our sweep program administrator and participant banks, including our affiliate PlainsCapital Bank. HTS anticipates the participant banks will receive a financial benefit from the use of swee p funds, such as net interest income. The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per account holder, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insuran ce policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Previously existing or other bank accounts you maintain at a participant bank may affect your FDIC insurance coverage. If your funds on deposit at any one bank exceed the applicable FDIC insurance limit of $250,000 per account holder ($250,000 for q ualifying retirement accounts), the FDIC will not insure your funds in excess of the limit. If you have a deposit with one of the participant banks that is separate from a balance in the BID, please notify your Financial Professional if the combined deposits are in excess of $250,000, and such excess funds will be placed with another participant bank, if available. HTS is not, itself, an FDIC-insured depository institution. Rather, the FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution, including the participant banks. In order to qualify for this pass -through deposit insurance, HTS is also required to meet certain requirements. The current target maximum amount of FDIC Insurance coverage for your de posits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability. Account balances in excess of the Maximum Applicable FDIC Deposi t Insurance Amount will be invested in the Dreyfus Government Cash Management Money Market Fund Investor Class (DGVXX). DGVXX, which is only available for account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount, is registered with the SEC pursuant to the Investment Company Act of 1940 and treated as a security. Please note that DGVXX is not FDIC-insured, not guaranteed by the federal government, and is not a deposit or obligation of any bank or guaranteed by any bank. There can be no assurance that this or any money market fund will be able to maintain a stable net asset value of $1 per share. See the DGVXX money market fund prospectus for more complete information, including terms, management fees, prevai ling rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. You should consider the fund's investment objectives, risks, and expenses carefully before investing. For a list of participant banks in the BID program, please go to xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additional information regarding FDIC coverage is available at xxx.xxxx.xxx. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in th e BID program. Please refer to the HTS Bank Insured Deposit Program Terms and Conditions document for additional information. A copy of this document may be obtained from your Financial Profess ional or online at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. The HTS Bank Insured Deposit Program Terms and Conditions document contains information and other disclosures regarding our services, fees and other compensation Hilltop Securities, our affiliates, financial advisors and subcontractors reasonably expect to receive in connection with the BID program and related services provided to your plan and/or account. This information is intended to be sufficient to comply with the Department of Labor regulation on reasonable contracts or arrangements under section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Hilltop Securities has a conflict of interest with respect to the BID program, because the banks participating in program (including PlainsCapital) have discretion in determining h ow much interest to pay on program deposits, and HTS has discretion in determining how much of that bank interest rate is paid to c ustomers in the program and how much of the bank interest rate to retain itself as a Program Fee. The banks (including PlainsCapital) have a financial interest in paying a lower interest rate so that their net interest income is increased, and HTS has a financial incentive to pay a lower rate to customers so that its fees are increased. HTS does not share any fees received in the BID program or any revenue received in connection with the program with its Investment Adviser Representatives (IARs). Hilltop pays interest based on a “tiered” interest rate system, which will pay different rates of interest based on six different deposit tiers. Generally speaking, higher cash deposit balances will receive higher rates of interest than deposits with lower balances. The amount of interest paid will be determined by the amount of interest paid by the banks participating in the program, minus the amount of fees charged by us, as broker-dealer or custodian, in accordance with the following tiers: Tier Deposit Level Tier 1 $0 to $49,999.99 Tier 2 $50,000 to $249,999.99 Tier 3 $250,000 to $499,999.99 Tier 4 $500,000 to $999,999.99 Tier 5 $1,000,000 to $2,999,999.99 Tier 6 $3,000,000 or more The applicable interest rate tier will be determined based on the amount of cash available in your brokerage account on a per account basis. Cash available in one brokerage account will n ot be aggregated to include cash which may be contained in other brokerage accounts you hold with us for purposes of qualifying for a higher interest rate tier. In other words, the amount of cash available in each specific brokerage account can only be used to qualify for one individual interest rate tier under the BID program. Interest on funds in a bank deposit account is accrued daily, compounded monthly, and credited to your account monthly. Interest begins to accrue on the date of deposit in the BID up to, but not including, the date of withdrawal. The daily balance method is used to calculate the interest on these accounts. The d aily rate is 1/365 (or 1/366 in a leap year) of the interest rate. Account rates are set in accordance with other bank products and may be changed at any time. The rate of return paid on BID program f unds may vary from the rates of return available to account holders making deposits with the participant bank directly, through other types of accounts at your brokerage, or with other depository institutions in comparable accounts. The BID program may be more profitable to HTS and its affiliates than other potential sweep options. You should compare the terms, rates of return, required minimum amounts, charges and other features with other accounts and alternative investments.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess ex cess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw withd raw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consent. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not no t retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program optionprogram. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes ch anges to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you yo u will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all a ll participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not n ot be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest intere st you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other oth er permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial ProfessionalProf essional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep optionsBID program, your personal financial circumstances and market conditions, you should always consider all of your investment options. HTS anticipates receiving fees, including fees for administrative services, and other financial benefits for providing sweep funds to our sweep program administrator and participant banks, including our affiliate PlainsCapital Bank. HTS anticipates the participant banks will receive a financial benefit from the use of sweep funds, such as net interest income. The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per account holder, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insuran ce policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Previously existing or other bank accounts you maintain at a participant bank may affect your FDIC insurance co verage. If your funds on deposit at any one bank exceed the applicable FDIC insurance limit of $250,000 per account holder ($250,00 0 for qualifying retirement accounts), the FDIC will not insure your funds in excess of the limit. If you have a deposit with one of the participant banks that is separate from a balance in the BID, please notify your Financial Professional if the combined deposits are in excess of $250,000, and such excess funds will be placed with another participant bank, if available. HTS is not, itself, an FDIC-insured depository institution. Rather, the FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution, including the participant banks. In order to qualify for this pass-through deposit insurance, HTS is also required to meet certain requirements. The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability. Account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amo unt will be invested in the Dreyfus Government Cash Management Money Market Fund Investor Class (DGVXX). DGVXX, which is only available for account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount, is registered with the SEC pursuant to the Investment Company Act of 1940 and treated as a security. Please note that DGVXX is n ot FDIC-insured, not guaranteed by the federal government, and is not a deposit or obligation of any bank or guaranteed by any bank. There can be no assurance that this or any money market fund will be able to maintain a stable net asset value of $1 per share. See the DGVXX money market fund prospectus for more complete information, including terms, management fees, prevailing rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. You should consider the fund's investment objectives, risks, and expenses carefully before investing. For a list of participant banks in the BID program, please go to xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additional information regarding FDIC coverage is available at xxx.xxxx.xxx. Please consult your Financial Professional, as ce rtain types of accounts may not be eligible to invest in the BID program. Please refer to the HTS Bank Insured Deposit Program Terms and Conditions document for additional information. A copy of this document may be obtained from your Financial Profess ional or online at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. The HTS Bank Insured Deposit Program Terms and Conditions document contains information and other disclosures regarding our services, fees and other compensation Hilltop Securities, our affiliates, financial advisors and subcontractors reasonably expect to receive in connection with the BID program and related services provided to your plan and/or account. This information is intended to be sufficient to comply with the Department of Labor regulation on reasonable contracts or arrangements under section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Hilltop Securities has a conflict of interest with respect to the BID program because the banks participating in program (includ ing PlainsCapital) have discretion in determining how much interest to pay on program deposits, and HTS has discretion in determining how much of that bank interest rate is paid to customers in the program and how much of the bank interest rate to retain itself as a Program Fee. The banks (including PlainsCapital) have a financial interest in paying a lower interest rate so that their net interest income is increased, and HTS has a financial incentive to pay a lower rate to customers so that its fees are increased. HTS does not share any fees received in the BID program or any revenue received in connection with the program with its Investment Adviser Representatives (IARs). Hilltop pays interest based on a “tiered” interest rate system, which will pay different rates of interest based on five different deposit tiers. Generally speaking, higher cash deposit balances will receive higher rates of interest than deposits with lower balances. The amount of interest paid will be determined by the amount of interest paid by the banks participating in the program, minus the amount of fees charged by us, as broker-dealer or custodian, in accordance with the following tiers: Tier Deposit Level Tier 1 $0 to $49,999.99 Tier 2 $50,000 to $249,999.99 Tier 3 $250,000 to $499,999.99 Tier 4 $500,000 to $999,999.99 Tier 5 $1,000,000 or more The applicable interest rate tier will be determined based on the amount of cash available in your brokerage account on a per account basis. Cash available in one brok erage account will not be aggregated to include cash which may be contained in other brokerage accounts you hold with us for purpos es of qualifying for a higher interest rate tier. In other words, the amount of cash available in each specific brokerage account can only be used to qualify for one individual interest rate tier under the BID program. Interest on funds in a bank deposit account is accrued daily, compounded monthly, and credited to your account monthly. Interest begins to accrue on the date of d eposit in the BID up to, but not including, the date of withdrawal. The daily balance method is used to calculate the interest on these accounts. The daily rate is 1/365 (or 1/366 in a leap year) of the interest rate. Account rates are set in accordance with other bank products and may be changed at any time. The rate of return paid on BID program f unds may vary from the rates of return available to account holders making deposits with the participant bank directly, through other types of accounts at your brokerage, or with other depository institutions in comparable accounts. The BID program may be more profitable to HTS and its affiliates than other potential sweep options. You should compare the terms, rates of return, required minimum amounts, charges and other features with other accounts and alternative investments.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities secu rities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written writte n consent. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a money market mutual fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consent, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program optionprogram. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstancescirc umstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all a ll participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin accountaccount , or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx -account-disclosure/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep optionsBID program, your personal financial circumstances and market conditions, you should always consider all of your investment options. HTS anticipates receiving fees, including fees for administrative services, and other financial benefits for providing sweep funds to our sweep program administrator and participant banks, including our affiliate PlainsCapital Bank. HTS anticipates the participant banks will receive a financial benefit from the u se of sweep funds, such as net interest income. The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per account holder, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insuran ce policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Previously existing or other bank accounts you maintain at a participant bank may affect your FDIC insurance coverage. If your funds on deposit at any one bank exceed the applicable FDIC insurance limit of $250,000 per account holder ($250,000 for qualifying retirement accounts), the FDIC will not insure your funds in excess of the limit. If you have a deposit with one of the participant banks that is separate from a balance in the BID, please notify your Financial Professional if the combined deposits are in excess of $250,000, and such excess funds will be placed with another participant bank, if available. HTS is not, itself, an FDIC-insured depository institution. Rather, the FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution, including the participant banks. In order to qualify for this pass -through deposit insurance, HTS is also required to meet certain requirements. The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability. Account balances in excess of the Maximum Applicable FDIC Deposi t Insurance Amount will be invested in the Dreyfus Government Cash Management Money Market Fund Investor Class (DGVXX). DGVXX, which is only available for account balances in excess of the Maximum Applicable FDIC Deposit Insurance Amount, is registered with the SEC pursuant to the Investment Company Act of 1940 and treated as a security. Please note that DGVXX is not FDIC -insured, not guaranteed by the federal government, and is not a deposit or obligation of any bank or guaranteed by any bank. There can be no assurance that this or any money market fund will be able to maintain a stable net asset value of $1 per share. See the DGVXX money market fund prospectus for more complete information, including terms, management fees, prevai ling rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx -account-disclosure/. You should consider the fund's investment objectives, risks, and expenses carefully before investing. For a list of participant banks in the BID program, please go to xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additional information regarding FDIC coverage is available at xxx.xxxx.xxx. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the BID program. Please refer to the HTS Bank Insured Deposit Program Terms and Conditions document for additional information. A copy of this document may be obtained from your Financial Profess ional or online at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. The HTS Bank Insured Deposit Program Terms and Conditions document contains information and other disclosures regarding our services, fees and other compensation Hilltop Securities, our affiliates, financial advisors and subcontractors reasonably expect to receive in connection with the BID program and related services provided to your plan and/or account. This information is intended to be sufficient to comply with the Department of Labor regulation on reasonable contracts or arrangements under section 408(b)(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Hilltop Securities has a conflict of interest with respect to the BID program because the banks participating in program (including PlainsCapital) have discretion in determining how much interest to pay on program deposits, and HTS has discretion in determining how much of that bank interest rate is paid to customers in the program and how much of the bank interest rate to retain itself as a Program Fee. The banks (including PlainsCapital) have a financial interest in paying a lower interest rate so that their net interest income is increased, and HTS has a financial incentive to pay a lower rate to customers so that its fees are increased. HTS does not share any fees received in the BID program or any revenue received in connection with the program with its Investment Adviser Representatives (IARs). Hilltop pays interest based on a “tiered” interest rate system, which will pay different rates of interest based on six different deposit tiers. Generally speaking, higher cash deposit balances will receive higher rates of interest than deposits with lower balances. The amount of interest paid will be determined by the amo unt of interest paid by the banks participating in the program, minus the amount of fees charged by us, as broker-dealer or custodian, in accordance with the following tiers: Tier Deposit Level Tier 1 $0 to $49,999.99 Tier 2 $50,000 to $249,999.99 Tier 3 $250,000 to $499,999.99 Tier 4 $500,000 to $999,999.99 Tier 5 $1,000,000 to $2,999,999.99 Tier 6 $3,000,000 or more The applicable interest rate tier will be determined based on the amount of cash available in your brokerage account on a per account basis. Cash available in one brokerage account will not be aggregated to include cash which may be contained in other brokerage accounts you hold with us for purposes of qualifying for a higher interest rate tier. In other words, the amount of cash available in each specific brokerage account can only be used to qualify for one individual interest rate tier under the BID program. Interest on funds in a bank deposit account is accrued daily, compounded monthly, and credited to your account monthly. Interest begins to accrue on the date of deposit in the BID up to, but not including, the date of withdrawal. The daily balance method is used to calculate the interest on these accounts. The daily rate is 1/365 (or 1/366 in a leap year) of the interest rate. Account rates are set in accordance with other bank products and may be changed at any time. The rate of return paid on BID program funds may vary from the rat es of return available to account holders making deposits with the participant bank directly, through other types of accounts at yo ur brokerage, or with other depository institutions in comparable accounts. The BID program may be more profitable to HTS and its affiliates than other potential sweep options. You should compare the terms, rates of return, required minimum amounts, charge s and other features with other accounts and alternative investments.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess You understand and agree that cash balances in your securities account to either (iManaged Account(s) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate will be held in the HTS sweep program, money settlement option made available to you must select a sweep option upon account opening by affirmative written consentAmeriprise Financial and that you agreed to in your application. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a These money market mutual fund, or other selection. If you decline participation settlement options are further described in the sweep program, fail to make Disclosure Brochures and include a sweep free credit balance (Ameriprise Cash) held in your Account or a program election by affirmative written consent, that provides for the automatic deposit or if your account is otherwise ineligible to “sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess ” of uninvested cash balances in CIPyour Account (each, a “Sweep Program”). Therefore, these specific types of accounts must affirmatively select either You understand we offer a Sweep Program as a short-term feature that is intended to hold cash for the money market fund option or BID program optionpurposes described in the Disclosure Brochures. HTS will generally provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, You agree that you will be notified as soon as is reasonably practicable of any change not maintain a cash balance in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained Managed Account(s) solely for the purpose of earning interest, so funds receiving interest or obtaining FDIC insurance or SIPC coverage. You understand that Ameriprise Financial offers other investments products that offer capital preservation with a higher rate of return than a Sweep Program and are a more appropriate place to invest cash than maintaining a significant cash balance in your Account for an extended period. You understand and acknowledge that if your Sweep Program consists of money market mutual funds then your Sweep Program will have its own expenses. You further understand and acknowledge that the banks that participate in the FDIC insured interest-bearing bank deposit Sweep Programs offered by our affiliated clearing firm, AEIS, compensate AEIS for deposits placed at the bank(s) or CIP accounts must be intended reimburse AEIS for future reinvestmentexpenses it incurs in providing the Sweep Program, and that our affiliate, Ameriprise Bank, FSB, is a participant in these programs. HTS may temporarily suspend or discontinue AEIS receives marketing support payments from the sweep arrangementunderlying money market mutual funds, or change if eligible, used as the timing or frequency Sweep Program for your Account. The availability of each Sweep Program depends on your Account type and ownership. You acknowledge that you have received and have had the opportunity to review the (i) Sweep Program and Expenses section of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in Disclosure Brochures; (ii) Money Settlement Options section of the manner described in the Customer Ameriprise Brokerage Client Agreement, HTS's liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests(iii) Other Important Brokerage Disclosures document, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professionalwhich fully describe our insured bank deposit programs. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund rates. With ongoing changes to always obtain the rates current version of return for the available sweep optionsDisclosure Brochures, your personal financial circumstances Brokerage Client Agreement and market conditions, you should always consider all of your investment optionsthe Other Important Brokerage Disclosures by visiting our website at xxxxxxxxxx.xxx/xxxxxxxxxxx or by calling our service line at 800.862.7919.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess You understand and agree that cash balances in your securities account to either (iManaged Account(s) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate will be held in the HTS sweep program, money settlement option made available to you must select a sweep option upon account opening by affirmative written consentAmeriprise Financial and that you agreed to in your application. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID program, to a These money market mutual fund, or other selection. If you decline participation settlement options are further described in the sweep program, fail to make Disclosure Brochures and include a sweep free credit balance (Ameriprise Cash) held in your Account or a program election by affirmative written consent, that provides for the automatic deposit or if your account is otherwise ineligible to “sweep, excess cash balances must be retained in an interest-bearing SIPC insured credit investment program (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess ” of uninvested cash balances in CIPyour Account (each, a “Sweep Program”). ThereforeThe Sweep Programs offered in Managed Accounts include AIMMA, these specific types of accounts must affirmatively select either ABISA and alternative sweep options. • Ameriprise Insured Money Market Account (“AIMMA”) is the money market fund option or BID program optionSweep Program offered for non-qualified Access Accounts. HTS will generally provide any customer participating • Ameriprise Bank Insured Sweep Account (“ABISA”) is the Sweep Program offered for qualified Access Accounts. • Alternative sweep options are available for certain TSCA and 403(b) Managed Accounts and personal trust services Managed Accounts opened by Ameriprise Bank, FSB, as trustee and certain other non-qualified Managed Accounts that are ineligible for an insured deposit Sweep Program. You understand we offer a Sweep Program as a short-term feature that is intended to hold cash for the purposes described in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's investment through the sweep program from one product to anotherDisclosure Brochures. If advance notice of a modification is not practicable due to the circumstances, You agree that you will be notified as soon as is reasonably practicable of any change not maintain a cash balance in the sweep program that results in changing the core account investment vehicle for your account. The BID program is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. Additions and changes to the list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained Managed Account(s) solely for the purpose of earning receiving interest or obtaining FDIC insurance or SIPC coverage. You understand that Ameriprise Financial offers other investments products that offer capital preservation with a higher rate of return than a Sweep Program and are a more appropriate place to invest cash than maintaining a significant cash balance in your Account for an extended period. You understand and acknowledge that if your Sweep Program consists of money market mutual funds then your Sweep Program will have its own expenses. You further understand and acknowledge that the banks that participate in the FDIC insured interest-bearing bank deposit Sweep Programs offered by our affiliated clearing firm, AEIS, compensate AEIS for deposits placed at the bank(s) or reimburse AEIS for expenses it incurs in providing the Sweep Program, and that our affiliate, Ameriprise Bank, FSB, is a participant in these programs. If your Managed Account uses ABISA as its Sweep Program, Ameriprise Bank, FSB earns spread revenue, the difference between what it pays in interest and what it earns on its investments. AEIS receives marketing support payments from the underlying money market mutual funds, if eligible, used as the Sweep Program for your Account. You further authorize Sponsor or its affiliates to invest, directly or indirectly, in deposits of itself or its affiliates, including Ameriprise Bank, FSB, that bear a reasonable rate of interest, so funds in determined solely by Sponsor, to facilitate money market or CIP accounts must be intended settlement option services, and understand that Sponsor’s affiliate, AEIS, is reimbursed for future reinvestmentexpenses it incurs related to the Sweep Program. HTS may temporarily suspend or discontinue The availability of each Sweep Program depends on your Account type and ownership. You acknowledge that you have received and have had the sweep arrangement, or change opportunity to review the timing or frequency (i) Sweep Program and Expenses section of the sweep anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund rates. With ongoing changes to the rates of return for the available sweep options, your personal financial circumstances and market conditions, you should always consider all of your investment options.Disclosure Brochures;

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); FDIC or (ii) a money market mutual fund product. A sweep of your excess cash balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consentopening. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID programBank Insured Deposit, to a money market mutual fundDreyfus General Money Market Fund, or other selection. If you decline participation in the sweep program, fail to make a sweep program election by affirmative written consentelection, or if your account is otherwise ineligible to sweepineligible, excess cash balances must be retained in an interest-interest- bearing SIPC insured credit investment program pending (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program Bank Insured Deposit option. HTS will generally must provide any customer participating in its sweep program at least thirty (30) days written notice of (1) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep program, and (3) changing a customer's ’s investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program Bank Insured Deposit is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTSHTS and MIN. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. xxx.xxxxxxxxxxxxxxxxx.xxx. Additions and changes to the this list of participant banks will also be posted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, coverage and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangement, or change the timing or frequency of the sweep sweep, anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Account Agreement, HTS's ’s liability is limited to the actual amount of the dividends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin account, or for any other permissible purposes. Should you wish to access these funds or information regarding the fund rates, contact your Financial Professional. You can also Professional or visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund ratesxxx.xxxxxxxxxxxxxxxxx.xxx. With ongoing changes to the rates of return for the available sweep options, your personal financial circumstances and market conditions, you should always consider all of your investment options.

Sweep Program. HTS's Sweep Program is a service provided by HTS to its customers offering you the option of automatically transferring excess cash balances in your securities account to either (i) our Bank Insured Deposit program (BID), which is an account at a participating bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC); FDIC or (ii) a money market mutual fund product. A sweep of your excess cash cas h balance allows you to earn interest on the funds while retaining the flexibility to quickly access that cash to purchase securities s ecurities or withdraw it. To participate in the HTS sweep program, you must select a sweep option upon account opening by affirmative written consentopening. HTS may change the products available under the sweep program. For existing accounts, please notify your Financial Professional if you wish to sweep your cash balances to the BID programBank Insured Deposit, to a money market mutual fundDreyfus General Money Market Fund, or other selection. If you decline participation in the sweep program, fail to make a sweep swee p program election by affirmative written consentelection, or if your account is otherwise ineligible to sweep, excess cash balances must be retained in an interest-interest- bearing SIPC insured credit investment program pending (CIP) account held at HTS. Unlike cash accounts, individual retirement accounts and qualified retirement plan accounts may not retain excess cash balances balanc es in CIP. Therefore, these specific types of accounts must affirmatively select either the money market fund option or BID program Bank Insured Deposit option. HTS will generally must provide any customer participating in its sweep program at least thirty (30) days written notice of (11 ) changes to the terms and conditions of the sweep program and any products currently available through the sweep program, (2) any changes, additions or deletions of products available through the sweep swee p program, and (3) changing a customer's ’s investment through the sweep program from one product to another. If advance notice of a modification is not practicable due to the circumstances, you will be notified as soon as is reasonably practicable of any change in the sweep program that results in changing the core account investment vehicle for your account. The BID program Bank Insured Deposit is a program which involves a series of FDIC-insured bank accounts maintained at various participant banks, including PlainsCapital Bank, an affiliate of HTS. A list of all participant banks is available on our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. xxx.xxxxxxxxxxxxxxxxx.xxx. Additions and changes to the this list of participant banks will also be posted p osted on this website. Please consult your Financial Professional, as certain types of accounts may not be eligible to invest in the Bank Insured Deposit. If your account is ineligible, excess cash balances will be retained in an alternate fund or CIP. It is important that you understand the unique nature, insurance coverage, coverage and risk associated with each type of account. SIPC coverage does not protect cash balances created and maintained solely for the purpose of earning interest, so funds in money market or CIP accounts must be intended for future reinvestment. HTS may temporarily suspend or discontinue the sweep arrangementarrange ment, or change the timing or frequency of the sweep sweep, anytime without advance notice to you. If HTS fails to sweep your uninvested funds in the manner described in the Customer Agreement, HTS's ’ liability is limited to the actual amount of the dividends div idends or interest you would have earned had the sweep been performed. HTS may automatically sweep funds from your sweep account to your brokerage account anytime without advance notice to you to pay for securities transactions and withdrawal requests, satisfy a debit balance, settle any other obligation you owe HTS, pay your margin loan, provide necessary collateral in your margin accountaccount , or for any other permissible purposes. Should you wish to access these funds or for information regarding the fund rates, contact your Financial Professional. You can also Professional or visit xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx- disclosure/ for information regarding fund ratesxxx.xxxxxxxxxxxxxxxxx.xxx. With ongoing changes to the rates of return for the available sweep options, your personal financial circumstances and market conditions, you should always consider all of your investment options.