Advisory Services 4. A. Advisory Firm Description Aristotle Capital Management, LLC (“Aristotle Capital”, “adviser” or “firm”), formerly Reed, Conner & Birdwell, LLC, is a registered investment adviser with its principal place of business located in Los Angeles, California. The firm and its predecessor firms have been in business since 1959. The firm is privately owned and principally owned by the Board of Managers consisting of Howard Gleicher, Richard S. Hollander via RCB Acquisition Company, LLC, Steve Borowski, Gary Lisenbee and Richard Schweitzer. Key employees of the firm, as well as an insurance company, also have equity interest in Aristotle Capital. 4. B. Types of Advisory Services Aristotle Capital may provide investment advisory and management services: (1) as a discretionary investment adviser to institutional and retail separate account clients; (2) as a discretionary investment adviser to private pooled investment vehicle (“private fund”) organized as domestic limited partnership; (3) as a discretionary sub-adviser to registered investment companies (“mutual funds”); (4) as a sub-adviser to collective investment trusts (“CITs”); and/or (5) model delivery programs. Aristotle Capital provides equity, fixed and balanced portfolio management services for institutional and high net worth clients. Through discussions with clients and their advisors, we agree upon objectives that are compatible with our investment philosophy, and we manage portfolios designed to meet those objectives. Relevant factors in this data-gathering process include but are not limited to time horizons, risk tolerance, liquidity needs, and, in the case of individuals, tax issues. Aristotle Capital’s investment advice is limited to these types of investment advisory services. Services provided to the private fund by Aristotle Capital may include organizing and managing their business affairs; acting as general partner or managing member; executing and reconciling trades; preparing financial statements and providing audit support; preparing tax-related schedules; and drafting, printing and distributing correspondence to investors. 4. C. Client Investment Objectives/Restrictions Adviser will tailor advisory services to individual client needs. Adviser manages each account according to the investment objectives of the strategy selected by the client and any restrictions placed on the

account by the client. Investments for separately managed client accounts are managed in accordance with each client’s stated investment objectives, restrictions and guidelines. Investments for the private fund, CITs or mutual funds are managed in accordance with each fund’s strategy, investment objective restrictions and guidelines and are not tailored to the individualized needs of any particular investor in the fund (each an “investor”). The Saul Fund L.P., a private fund, is closed to new investors. Information about the private fund can be found in its offering documents, including its limited partnership agreement (“LPA”). The CIT guidelines are included in the Declaration of Trust provided to each investor. Information about each mutual fund is available in its prospectus and statement of additional information (“SAI”). 4. D. Wrap and Model Delivery Programs Aside from separate account portfolio management services, Aristotle Capital has entered into agreements with wrap and model delivery program sponsors (collectively “managers”). These are sub-advisory relationships where the manager provides investment supervisory services to its clients, including making recommendations concerning an investment adviser to render specific investment advice with respect to a client's portfolio. The client enters into an agreement with the manager and the manager has a separate master agreement with Aristotle Capital. For wrap program accounts, Aristotle Capital may effect transactions through other broker-dealers, but it is expected that most of the transactions will be executed through the manager because part of the manager’s negotiated fee with the client includes brokerage commissions and trading costs. Aristotle Capital manages the wrap program accounts on a discretionary basis. Aristotle Capital receives a portion of the wrap fee from the sponsor as an investment adviser to these programs. Aristotle Capital attempts to manage these accounts in the same manner as our non-wrap accounts. For model delivery programs, Aristotle Capital provides a model to the manager and the manager effects transactions in the client accounts. Most model delivery accounts are managed by Aristotle Capital on a non-discretionary basis. 4. E. Assets Under Management as of 12/31/2023: Discretionary: $43,668,924,063; 5,998 accounts Non-Discretionary: $18,137,128,391; 43 programs (model delivery assets)