CIInc was incorporated in California in 1987 primarily to provide investment advisory services to funds and clients investing in emerging markets equities. CIInc is a wholly-owned subsidiary of Capital Group International, Inc. which in turn is owned by Capital Research and Management Company, which is wholly owned by The Capital Group Companies, Inc. The Capital Group Companies form one of the most experienced families of investment management firms in the world, dating to 1931, and have always been privately held. CIInc provides investment management and advisory services to a registered investment company, other pooled investment vehicles exempt from registration, corporate entities, pension plans, endowments and foundations, certain affiliated companies, foreign governmental entities and other institutions. In addition, CIInc serves as the investment adviser to Capital Bank and Trust Company in its capacity as the trustee of certain collective investment trusts that are exempt from SEC registration. Capital Bank and Trust Company is an affiliate of CIInc. CIInc’s investment approach is based on rigorous fundamental research. It offers emerging markets equities and other non-U.S. investment strategies based on the investment objectives of its clients. It also manages emerging markets private equity funds. CIInc normally agrees with clients on investment guidelines that set forth the objectives of the account and any specific investment restrictions and limitations. The guidelines typically describe the investment mandate and types of securities that are eligible for (or prohibited from) the account. For advisory services provided to funds, the terms of the fund’s governing documents will apply. Please also refer to Items 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and 16 (Investment Discretion) in this brochure for further information. CIInc’s only business is investment management; it does not provide retail banking services nor does it engage in the brokerage or corporate finance businesses. CIInc may also provide investment management to individuals, corporations, foundations, trusts and other investors through wrap fee programs or separate account client programs (“managed account programs”). Wrap fee programs are generally sponsored by broker-dealers or other financial institutions and offered by the sponsor as bundled investment management, custody, brokerage or other services for a single “wrap fee” charged by the sponsor. In a wrap fee program, a participant enters into an advisory agreement with the sponsor and the sponsor enters into an agreement with CIInc. A separate account client enters into an investment advisory agreement with CIInc. Separate account clients are generally managed in a manner similar to wrap programs as discussed throughout this brochure. In cases where CIInc is an investment adviser to a wrap program, clients are typically not charged separate brokerage commissions for the execution of transactions in the client’s account that are executed by or through the sponsor;

these commissions are generally included in the wrap fee charged by the sponsor. Depending on the equity strategy a client is invested in, a significant portion of equity portfolio transactions could be executed by broker-dealers other than the sponsor firm. Fixed-income transactions for wrap programs are generally executed by broker-dealers other than the sponsor selected by CIInc or its affiliate. The practice of trading with a broker-dealer other than the wrap program sponsor is frequently referred to as "trading away". Trading away from the sponsor will usually result in the imposition of a commission or equivalent fees on equity trades. Such fees are paid by the client and are in addition to the wrap fee. Please also refer to the “Managed Account Programs” section under Item 12 (Brokerage Practices) in this brochure for further information. For some wrap fee programs, CIInc provides model portfolios to the sponsor and the sponsor will have ultimate decision making responsibility and discretionary authority for those accounts. Accordingly, end investors in non-discretionary model delivery programs are not considered advisory clients of CIInc. Generally, CIInc is paid an investment management fee by the sponsor, which could be considered a portion of the wrap fee. Clients who enroll in wrap fee programs should carefully review the fee structure and other program documents provided by the sponsor. CIInc manages equity assets through three equity investment divisions, fixed-income assets through its fixed-income division and asset allocation portfolios through its solutions division. The three equity divisions, Capital World Investors, Capital Research Global Investors and Capital International Investors make investment decisions on an independent basis. The investment divisions also provide investment services to mutual funds and other accounts advised by affiliates of CIInc. CIInc typically builds portfolios for funds and accounts from the bottom-up using rigorous fundamental research to find attractive investments and manage risks. Investment decisions are subject to a fund’s or account’s objective, policies and restrictions and the oversight of the appropriate investment-related committees. CIInc offers equity, fixed-income, balanced, and other customized investment strategies based on the investment objectives of CIInc clients. CIInc normally agrees to investment guidelines with clients that set forth the objectives of the fund or account and any specific investment restrictions and limitations. The guidelines typically describe the investment mandate and types of securities that are eligible for (or prohibited from) the account. For investments in funds, the terms of the fund’s governing documents will apply. Please also refer to Items 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and 16 (Investment Discretion) in this brochure for further information. As of June 30, 2023, CIInc managed approximately $42,352,600,000 in client assets (regulatory assets under management) on a discretionary basis.