CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the references to our firm in the Registration Statement on Form N-1A of the Chestnut Street Exchange Fund and to the use of our report dated February 22, 2023 on the financial statements and financial highlights of the Chestnut Street Exchange Fund. Such financial statements and financial highlights appear in the December 31, 2022 Annual Report to Shareholders which is incorporated by reference into the Statement of Additional Information.

	/s/ BBD, LLP
	BBD, LLP
Philadelphia, Pennsylvania
April 18, 2024