Firm overview Allspring Funds Management, LLC (“Allspring Funds Management”) was incorporated in the State of Delaware on December 12, 2000. Allspring Funds Management has been registered as an investment adviser with the SEC since December 12, 2000. Allspring Funds Management is a direct wholly owned subsidiary of Allspring Global Investments Holdings, LLC (“Allspring Global Investments Holdings”), a holding company indirectly owned by Allspring Group Holdings, LLC (“Allspring Group Holdings”). Allspring Group Holdings is owned by certain private funds managed by GTCR LLC (“GTCR”) and Reverence Capital Partners, L.P. (“Reverence Capital Partners”), as well as certain others described below. Allspring Funds Management has offices located throughout the United States. Certain employees of the Allspring Global Investments1 group of companies (collectively known as “Allspring”) indirectly own non-voting equity interests in Allspring Group Holdings, the indirect parent of Allspring Funds Management and the other Allspring Global Investments group of companies. Such employees 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 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 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 will temporarily remain 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 fiduciary duties and other 1 Allspring Global Investments is the trade name for the asset management companies of Allspring Global Investments Holdings that includes Allspring Funds Management; Allspring Global Investments, LLC (“Allspring Investments”); 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 Singapore”); 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”). considerations, Wells Fargo remains an important distribution partner with respect to Allspring Funds Management’s products in a manner similar to their role prior to the divestiture. Description of advisory services Allspring Funds Management serves as investment adviser for the portfolios of a family of U.S. registered mutual funds and closed-end funds (the “Allspring Funds”), and investment manager for the Allspring (Lux) Worldwide Fund (the “Worldwide Fund”) and the Worldwide Alternative Fund SICAV-SIF (the “Worldwide Alternative Fund”) (the Worldwide Fund and the Worldwide Alternative Fund are offshore funds organized in Luxembourg), which will collectively be referenced herein as the “Funds”. We also participate as an investment adviser in several managed account programs offered by other financial institutions to their respective clients, including high net worth individuals, trusts, retirement plans, corporations, partnerships and charitable organizations. The descriptions of advisory services and other items of information below are generally organized under headings naming the category of client. The Allspring funds We are responsible for implementing the investment objectives and strategies of the Allspring Funds. To assist in fulfilling these responsibilities, and subject to approval of the Allspring Funds’ Board of Trustees, we have contracted with sub-advisers to provide day-to-day portfolio management services to the Allspring Funds. We employ a team of investment professionals who identify and recommend the initial hiring of each Allspring Fund’s sub-adviser and monitor the activities of the sub-advisers on an ongoing basis. Allspring Fund sub-advisers are institutional investment management firms that are registered under the Advisers Act. We generally recommend an affiliated sub-adviser where available; indeed, the vast majority of the Allspring Funds are managed by affiliated sub-advisers. For additional information concerning the conflict of interest presented by our use of affiliated sub-advisers, refer to