A. Description of Firm LaSalle Investment Management Securities, LLC ("LaSalle Securities") is an investment adviser that provides portfolio management services regarding real estate securities to high-net worth and institutional clients. LaSalle Securities was formed in 1985 as Alex. Brown Realty Advisors, a subsidiary of the investment bank of Alex. Brown & Sons in Baltimore. LaSalle Partners acquired Alex. Brown Realty Advisors in 1994. In 1999, LaSalle Partners completed a merger with Jones Lang Wootton to form Jones Lang LaSalle Incorporated. LaSalle Investment Management, Inc., a wholly owned and operationally independent subsidiary of Jones Lang LaSalle Incorporated, is the sole member of LaSalle Securities. Jones Lang LaSalle Incorporated is publicly listed on the New York Stock Exchange under the symbol JLL. As more fully described below in Item 4, Section B, LaSalle Securities provides portfolio management services with respect to real estate securities traded on exchanges located throughout the world. LaSalle Securities’ portfolio management services are tailored to meet each client’s needs. LaSalle Securities also has a strategic relationship with SG Hiscock & Company ("SGH"), which is an investment adviser registered with the Australia Securities and Investments Commission. The relationship contemplates SGH providing stock selection, hedging services, and/or trading of the portion of the portfolio regionally allocated to Australia only with respect to Australian clients that have entered into an agreement with SGH or LaSalle Securities for a global investment mandate. SGH provides currency hedging services (to the Australian dollar) to the extent such services are required by the Australian client in the investment management agreement. LaSalle Securities and SGH allocate fees received by the Australian client depending on the mandate of the client and origination of the client relationship. LaSalle Securities is registered with the Dutch Authority for Financial Markets as an investment firm exempt from the licensing requirement as referenced in Section 2:96 of the Financial Supervision Act pursuant to Section 10(1) of the Exemption Regulation under the Dutch Financial Supervision Act. The purpose of this "light" registration is to enable LaSalle Securities to provide investment advisory services to institutional clients domiciled in The Netherlands. B. Description of Advisory Services LaSalle Securities specializes in providing portfolio management services with respect to publicly-traded real estate equity securities trading on exchanges in North America, Europe and Asia-Pacific. LaSalle Securities’ universe of publicly-traded real estate companies

that it considers for investment are predominantly comprised of real estate investment trusts (as defined by local legislation) and real estate operating companies. LaSalle Securities may also invest in other companies that have significant exposure to real estate, such as holding companies that derive a significant portion of revenues from real estate-related assets or companies investing in hotels. LaSalle Securities offers a wide range of Real Estate Securities (“RES”) programs including global, regional, and ex-home market mandates. These programs are available through a number of innovative and differentiated strategies including Conventional, Core, Completion, Opportunistic and other RES strategies which can be further customized to meet clients’ unique investment objectives (Shariah, VAG-Compliant (German Insurance Law), etc.). C. Tailoring Advisory Services and Client Restrictions on Advisory Services LaSalle Securities tailors its portfolio management services to the individual needs of clients in general to accommodate client investment objectives and operational requirements to the extent that LaSalle Securities can accommodate such needs and will not adversely affect the services that it must provide to other clients. As described in more detail below in Item 8, LaSalle Securities employs both a top-down and bottom-up analytical approach and adjusts the target weightings of securities in the client's portfolio as a result of the analyses. Fund flows requested by the client, adjustments to LaSalle Securities’ target weightings for securities within a benchmark and periodic rebalancing of the portfolio to the target weightings drive the majority of client transactions. Portfolio managers determine the appropriate target weights for client accounts with oversight by the Portfolio Management Oversight Committee (see Item 13 for more information regarding the Portfolio Management Oversight Committee). LaSalle Securities permits clients to impose reasonable restrictions on investing in certain securities and types of securities. Common limitations present in agreements include investing only in publicly traded real estate related securities, maximum exposure to an individual holding, maximum holdings in cash and maximum spreads between portfolio holdings and the target benchmark. Maximum spread limitations generally apply to geographic and sector (e.g., office, retail, hotels, multi-family) weightings. D. Wrap Fee Programs LaSalle Securities does not participate in wrap fee programs. E. Assets Under Management As of December 31, 2023, LaSalle Securities had $3,217,398,825 total assets under management, all of which are managed on a discretionary basis.