MILLRACE ASSET GROUP, INC.

Advisory Business

Type of Organization	Corporation
Fiscal Year End	DECEMBER
Legal Location	Pennsylvania, United States

Employees

Total Number of Employees	8
Investment Advisory/Research	4
Registered Broker-Dealer Representatives	0
Registered State Investment Advisers	0
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	2

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	3	$194.1M
Non-Discretionary	0	$0
Total	3	$194.1M

Clients

Type	Number	RAUM
Individuals	0	$0
HNW Individuals	0	$0
Banking or thrift institutions	0	$0
Investment companies	1	$31.0M
Business development companies	0	$0
Pooled investment vehicles	2	$163.1M
Pension and profit sharing plans	0	$0
Charitable organizations	0	$0
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	0	$0
Other	0	$0

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	0

Services

Advisory Services	Portfolio management for pooled investment vehicles
Compensation	% of AUMGENERAL PARTNER RECEIVES PERFORMANCE ALLOCATION

Identifiers

SEC RIA File Number	801-70920
SEC ERA File Number	801-70920
SEC CIK Numbers	1604831
SEC CRD Numbers	136907
Legal Entity Identifier	None

Principal Office

1205 WESTLAKES DRIVE
SUITE 375
BERWYN
PA
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic