business Firm overview Allspring Singapore is a Singapore Private Limited Company (registration number 202140724R) established in 2021 and is the holder of a Capital Markets Services License from the Monetary Authority of Singapore (“MAS”) authorizing it to carry out the regulated activities of funds management. Allspring Singapore has been registered as an investment adviser with the SEC since March of 2023. Allspring Singapore is a direct wholly-owned subsidiary of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by Allspring Group Holdings. LLC (“Allspring Group Holdings”). Allspring Group Holdings is owned by certain private funds of GTCR LLC (“GTCR”) and Reverence Capital Partners, L.P. (“Reverence Capital Partners”), as well as certain others described below. Certain employees of the Allspring Global Investments group of companies1 (collectively, “Allspring”) indirectly own non-voting equity interests in Allspring Group Holdings, the indirect parent of Allspring Singapore and the other Allspring Investments group of companies. Such Allspring employees collectively hold less than 25% of the fully diluted equity interests of Allspring Group Holdings. In addition, Wells Fargo & Company (“Wells Fargo”) owns a passive non-voting equity interest of less than 9.9% of the fully diluted equity interests of Allspring Group Holdings, through an indirect wholly-owned subsidiary known as Wells Fargo Central Pacific Holdings, Inc. Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™—finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $25 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. Reverence Capital Partners is a private investment firm focused on two complementary and synergistic strategies: (i) financial services-focused private equity and (ii) opportunistic, structured credit. In financial services, Reverence Capital Partners is a thematic investor in leading global, middle-market businesses through control and influence- oriented investments in 5 sectors: (1) Depositories and Non-Bank Finance Companies, (2) Asset and Wealth Management, (3) Insurance, (4) Capital Markets and (5) Financial Technology/Payments and Services. The firm was founded in 2013 by Milton Berlinski, Peter Aberg and Alex Chulack, who collectively bring over 100 years of advisory and investing experience across a wide range of financial services sectors. Prior to November 1, 2021, Allspring was indirectly, wholly-owned by Wells Fargo. Given the large scale and complexity of the divestiture of Allspring from Wells Fargo to new ownership, some technology infrastructure, operational processes and Allspring employees have temporarily remained at Wells Fargo to manage critical processes and systems that transition over time, under a Transition Services Agreement (“TSA”) between Allspring and Wells Fargo. Additionally, Wells Fargo continues to serve as an important client and, subject to applicable 1 Allspring Global Investments is the trade name for the asset management companies of Allspring Global Investments Holdings, LLC, that includes Allspring Global Investments, LLC (“Allspring Investments”); Allspring Funds Management, LLC (“Allspring Funds Management”), Allspring Global Investments (UK) Limited (“Allspring UK”), Allspring Funds Distributor, LLC (“Allspring Funds Distributor”), Allspring Global Investments Luxembourg S.A. (“Allspring Luxembourg”), Allspring Global Investments (Singapore) Pte. Ltd.; Allspring Global Investments (Hong Kong) Limited (“Allspring Hong Kong”) and Allspring Global Investments (Japan) Limited (“Allspring Japan”). Associated with Allspring, but not part of the Allspring trade name/GIPS firm, is Galliard Capital Management, LLC (“Galliard”), which is a direct wholly owned subsidiary of Allspring Global Investment Holdings. fiduciary duties and other considerations, Wells Fargo remains an important distribution partner with respect to Allspring products in a manner similar to their role prior to the divestiture. Types of investment advisory services Allspring Singapore offers advisory services as a sub-adviser

in connection with institutional client accounts (which include pooled investment vehicles) managed by Allspring Investments. Allspring Singapore also provides equity and fixed income related investment research services to certain of its affiliated advisers, including Allspring Investments. Please note that references herein to “end client” refer to the client whose account is managed by Allspring Investments and for which Allspring Singapore is providing sub-advisory services. Allspring Singapore’s portfolio management services are offered on a discretionary basis. When performing portfolio management services on a discretionary basis, Allspring Investments and ultimately the end client relies on Allspring Singapore to formulate investment decisions for the portion of the end client’s account sub-advised by Allspring Singapore after consultation with Allspring Investments and consistent with parameters, including client-specific restrictions, and information that the client provides to Allspring Investments in advance. However, Allspring Singapore is not able to accommodate investment restrictions that are unduly burdensome, including any requested restrictions on underlying securities held in a fund/commingled vehicle in which the end client invests. Allspring Singapore reserves the right to decline to offer its advisory services as sub-adviser in connection with a specific client account with or without such restrictions. Investment restrictions requested by an end client may cause the performance of its account to differ from that of the portfolio recommended by Allspring Singapore, possibly producing lower overall results. Clients specify their investment objectives as well as any guidelines or restrictions in their advisory or investment management agreement with Allspring Investments, as appropriate. Allspring Singapore does not execute trades on behalf of end clients. Trading discretion is maintained by Allspring Investments which executes trade orders through broker-dealers or other trade venues on behalf of Allspring Singapore. The scope of services provided by Allspring Singapore is determined by client agreement and regulation, and typically include:
• Appropriate asset allocation;
• Portfolio management designed to achieve investment objectives within particular asset classes;
• Reporting of portfolio valuation, asset classes, investment strategies and performance relative to appropriate benchmarks; and
• Periodic review of investment objectives, guidelines, restrictions, and strategies. Allspring Singapore provides discretionary portfolio management services in respect of emerging markets strategies. It may decide to provide discretionary portfolio management services in respect of additional strategies as well based upon client request. The selection of securities and the construction of a portfolio reflect the end client’s investment guidelines. In its capacity as a discretionary investment manager, Allspring Singapore makes all investment decisions as it deems appropriate, and without prior consultation with the end client. It may determine to buy, sell, exchange, convert and otherwise trade in any stocks, currency or other securities and financial instruments, subject to any written investment guidelines the end client may provide to Allspring Investments. In some cases, and always in the client's best interest, Allspring Singapore may make investment decisions related to particular securities that are different than the decisions it makes for other end clients concerning the same or related securities. Additional information concerning Allspring Singapore’s discretionary authority is provided in Item 16 below. Instead, Allspring Singapore may contract with registered investment advisors, including Allspring Investments, for the purpose of offering sub-advisory services. In providing these sub-advisory services, Allspring Singapore makes assurances that it has executed valid sub-advisory contracts that require its client, the contracting advisor to: (i) retain responsibility for communicating any securities recommendations subject to client constraints, (ii) provide the necessary administrative and client support services, and (iii) provide any marketing support. Allspring Singapore also makes reasonable inquiry and obtains assurances that its client, the registered investment advisor, either provides the necessary Form ADV to clients itself or that it validates the sponsor's undertaking of such action. Current assets under management As of December 31, 2023, Allspring Singapore had $663,630,955 in regulatory assets under management on a discretionary basis.