DSM was founded in March 2001 by Stephen E. Memishian and Daniel B. Strickberger. In general, DSM employs a bottom-up, growth stock selection investment process with an intermediate to long-term investment horizon. DSM combines fundamental research with a valuation methodology designed to reduce risk and enhance long-term returns. DSM seeks growing businesses with attractive returns, solid business fundamentals, and intelligent management. There is no guarantee that DSM’s investment process will be successful or that clients will not incur losses. DSM typically provides advisory services to a client on a discretionary basis pursuant to model investment strategies. The model investment strategies are US Large Cap Growth, Global Growth, Dividend Growth, Global Focus Growth and International Growth. DSM has, and expects to continue to create, test and manage other model investment strategies with employees and employee related accounts prior to managing client assets in the models. In general, such strategies are subject to DSM’s policy and procedures listed herein with certain exceptions. A client can invest in DSM model investment strategies through separately managed accounts, sub- advisory relationships, pooled investment vehicles, and wrap-fee programs. However, not all client accounts will match the relevant model investment strategy at all times. Clients are generally permitted to impose reasonable restrictions on their accounts such as prohibiting or restricting certain issuers or industries. Any restrictions could cause an account to differ from a model investment strategy and adversely impact performance. The inception date of a client account can also cause significant differences from the relevant model investment strategy and the differences could last for a considerable period of time. There is no set time in which a new client account will match the relevant model investment strategy. In addition, when contributions and withdrawals are made to or from a client account, the transactions made to satisfy the contributions or withdrawals could cause the account to be different than the model investment strategy for a period of time. Moreover, a client account might differ from the relevant model investment strategy while DSM is executing investment changes to a model investment strategy. This list is not exhaustive of all possible reasons why a client account might not match the relevant model investment strategy. As noted above, clients can impose reasonable restrictions on the management of their accounts, including restricting the purchase of particular securities or types of securities. DSM has discretion to reject a restriction that DSM believes to be unreasonable. Client imposed restrictions or guidelines that do not expressly provide compliance evaluation periods are typically implemented by DSM at month end. In addition, client-imposed percentage-based restrictions (e.g., do not hold more than 12% of XYZ) are applied on a rounded, whole-number basis unless specifically stated otherwise. For example, an account with a restriction limiting a holding of XYZ to no more than 12% could reach 12.50% in that holding without violation and DSM would not be required to take any action until the end of the month. Additionally, DSM shall not generally be deemed to be in breach of a restriction in a case where there is a “passive breach” such as an action by the issuer beyond DSM’s control or as a result of market gains or losses during a compliance evaluation period. DSM utilizes the Global Industry Classification Standard (GICS), which was developed by MSCI and Standard & Poor's, in connection with its advisory services. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. The structure applies to companies globally and is reviewed annually. DSM also utilizes self-created sectors (e.g., Internet, Business Services, etc.) in its advisory business. DSM reserves the right to change the methodology it uses to analyze and apply restrictions without notice to clients. Common stocks, preferred stocks, convertible securities, rights and warrants are examples, but not all, of the equity securities of issuers in which DSM generally invests. All investments in equity securities are subject to market risks that can cause their prices to fluctuate over time. DSM can invest in equity 5 | P a g e securities of domestic and foreign issuers. In determining whether an issuer is domestic or foreign, DSM considers, in its sole discretion, various factors including, but not limited to, where the issuer’s principal trading market is located, where the issuer is headquartered, where the issuer’s principal operations are located, and/or the country in which the issuer is legally organized. The weight given to each of these factors will vary depending upon the facts and circumstances as determined by DSM and they can change over time without notice. DSM has traditionally defined shares of foreign domiciled issuers that primarily trade on US exchanges or over-the-counter markets (defined below) as domestic equity securities. Although it will seek to apply determinations consistently across all model investment strategies and client accounts, DSM could classify any security differently among strategies and there can be material differences due to various factors, including, but not limited to, business matters, legal restrictions, regulatory rules and taxes. While DSM primarily invests in equity securities of foreign issuers located in developed market countries, it also invests in issuers in developing or emerging market countries. DSM also invests in US dollar-denominated securities of foreign issuers, including, but not limited to, American Depositary Receipts (“ADRs”). Unless a client has specified in writing that DSM cannot hold cash of more than a specified amount, DSM could choose from time to time to assume a temporary defensive position by investing all or a portion of a client’s assets in cash, cash equivalents, including those of foreign countries, money market instruments, or securities of other no-load mutual funds. It is important to note that even where DSM advises clients with respect to the same or similar securities, there can be timing differences related to the transmission of that advice to clients and a subsequent determination of whether to act on that advice. DSM could execute trades for clients in advance of DSM communicating with other clients about those trades. As a result, some clients could receive prices that are less favorable than prices obtained for other clients. In other cases, DSM could decide to separate advice for types of clients. These client accounts could also deviate from DSM’s model investment strategy. DSM does not participate in class-actions. As of December 31, 2023, DSM’s discretionary assets under management were approximately USD $6,600,000,000 and its non-discretionary assets under management were approximately USD $460,000,000. Model Investment Strategies DSM has five published model investment strategies each designed to meet a particular investment goal. The model strategies are US Large Cap Growth, Global Growth, Dividend Growth, Global Focus Growth and International Growth. DSM has, and expects to continue to create, test and manage other model investment strategies with employees and employee related accounts prior to managing client assets in the models. In general, such strategies are subject to DSM’s policy and procedures listed herein. US Large Cap Growth In general, the US Large Cap Growth strategy will invest in domestic equity securities of US large capitalization issuers. Domestic equity securities, as determined by DSM in its discretion, include, but are not limited to, common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. Shares of foreign domiciled issuers that primarily trade on a US exchange are generally considered by DSM to be domestic equity securities. Also as determined by DSM, issuers that issue domestic equity securities could be domiciled and/or headquartered anywhere in the world. The US Large Cap Growth strategy can generally invest up to 20% of its assets in equity securities of foreign issuers. A large capitalization issuer is one that has a market capitalization of more than USD 10 billion at the time of purchase. The US Large Cap Growth strategy can also invest in equity securities of issuers 6 | P a g e that have a market capitalization below USD 10 billion at the time of purchase. The US Large Cap Growth strategy generally will contain 25 to 35 equity securities. Global Growth In general, the Global Growth strategy will invest in equity securities of large capitalization issuers. Equity securities, as determined by DSM in its discretion include, but are not limited to, common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. The Global Growth strategy has no limit on the amount of its assets it can invest in equity securities of domestic or foreign issuers. A large capitalization issuer is one that has a market capitalization of more than USD 10 billion at the time of purchase. The Global Growth strategy can also invest up to 20% of its net assets in equity securities of issuers that have a market capitalization below USD 10 billion at the time of purchase. The Global Growth strategy generally will contain 25 to 50 equity securities. Dividend Growth In general, the Dividend Growth strategy will invest in equity securities without regard to market capitalization. Equity securities, as determined by DSM in its discretion include, but are not limited to, common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. The Dividend Growth strategy has no limit on the amount of its assets it can invest in equity securities of domestic or foreign issuers. The Dividend Growth strategy generally seeks to have an average dividend yield in the range of 1% to 2% and generally will contain 25 to 35 equity securities. Global Focus Growth In general, the Global Focus Growth strategy will invest in equity securities of large capitalization issuers. Equity securities, as determined by DSM in its discretion include, but are not limited to, common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. The Global Focus Growth strategy has no limit on the amount of its assets it can invest in equity securities of domestic or foreign issuers. A large capitalization issuer is one that has a market capitalization of more than USD 10 billion at the time of purchase. DSM historically purchased non-US securities (otherwise known as local shares) for this model investment strategy. Clients can specifically authorize DSM to purchase American Depositary Receipts or similar securities instead of non-US securities (local shares) for this strategy. The Global Focus Growth strategy generally will contain 12 or fewer equity securities. International Growth In general, the International Growth strategy will invest in foreign equity securities of large capitalization issuers. Equity securities, as determined by DSM in its discretion include, but are not limited to, common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. The International Growth strategy can generally invest up to 20% of its net assets in equity securities of non- foreign issuers. A large capitalization company is one that has a market capitalization of more than USD 10 billion at the time of purchase. The International

Growth strategy can also invest in equity securities of issuers that have a market capitalization below USD 10 billion at the time of purchase. The International Growth strategy generally will contain 25 to 50 equity securities. Investment Vehicles Clients and prospective clients can typically invest with DSM through separately managed accounts, pooled investment vehicles and wrap-fee programs. Separately Managed Accounts In general, a separately managed account is an individual investment account held by a qualified custodian and managed by DSM on a discretionary basis for a fee. Please see Item 5 for information regarding DSM’s management fees for separately managed accounts. The minimum amount required to open a separately managed account under the US Large Cap Growth strategy is USD 1,500,000, subject 7 | P a g e to DSM’s discretion. The minimum amount required to open a separately managed account under the Global Growth strategy, the Global Focus Growth strategy, the Dividend Growth strategy and the International Growth strategy is USD 5,000,000, subject to DSM’s discretion. Once a model investment strategy has been selected by a client, the account will be managed based on that model. However, each client will have the opportunity to place reasonable restrictions on their account. DSM can choose not to accept an account in its sole discretion. Pooled Investment Vehicles A pooled investment vehicle invests in a portfolio of securities that DSM manages and issues interests to multiple persons. DSM manages three sponsored pooled investment vehicles: two US domiciled and one non-US domiciled, each as described below. DSM also provides advisory and sub-advisory services to other pooled investment vehicles that are not listed herein. Where DSM is the investment adviser or sub- advisory to a pooled investment vehicle, investment objectives, guidelines and any investment restrictions are generally not tailored to the needs of individual investors in those vehicles, but rather are described in the prospectus or other relevant offering documents for the vehicle. DSM All World Growth Trust - The DSM All World Growth Trust is a Delaware Statutory Trust organized for Accredited Investors, as defined by the Securities Act of 1933, who are also Qualified Purchasers, as defined by the Investment Company Act of 1940. The DSM All World Growth Trust has two investment options: the US Large Cap Growth strategy and the Global Growth strategy. Prior to making any investment in the Trust, qualified, prospective investors should carefully review the offering documents of the Trust for a comprehensive understanding of its terms and conditions. This information is intended merely as a brief summary and is provided for discussion purposes only and does not constitute an offer, agreement or binding commitment by anyone. DSM US Large Cap Growth CIF - The DSM US Large Cap Growth CIF is a Collective Investment Fund with an intermediate to long-term investment horizon, generally investing in domestic equity securities of large capitalization issuers. The DSM US Large Cap Growth CIF is generally managed under the US Large Cap Growth strategy. The Fund is not regulated under the Investment Act of 1940 but is instead under the regulatory authority of the Office of the Comptroller of the Currency. Prior to making any investment in the Fund, prospective investors should carefully review the offering documents of the Fund for a comprehensive understanding of its terms and conditions. This information is intended merely as a brief summary and is provided for discussion purposes only and does not constitute an offer, agreement or binding commitment by anyone. DSM Capital Partners Funds – The DSM Capital Partners Funds was incorporated for an unlimited period on February 21, 2014 as a société d’investissement à capital variable under the laws of the Grand Duchy of Luxembourg and qualifies as an open-ended SICAV under part I of the Law of 2010. DSM Capital Partners Funds presently has two sub-funds: the Global Growth Sub-Fund and the US Large Cap Growth Sub-Fund. The Global Growth Sub-Fund is managed under the Global Growth strategy with the following ESG restrictions: The Global Growth Sub-Fund may not invest its net assets in instruments issued by issuers active in the following areas: (i) tobacco, (ii) pornography, (iii) fossil fuel production, (iv) fossil fuel services, (v) controversial weapons, (vi) weapons and/or munitions, (vii) alcohol, and (viii) gambling. Notwithstanding the foregoing (and subject to the excluded investments referenced above), the Global Growth Sub-Fund may still invest in companies having revenues up to a maximum of 5% related to (i) fossil fuel services, (ii) weapons and/or munitions, (iii) alcohol and (iv) gambling. The US Large Cap Growth Sub-Fund is managed under the US Large Cap Growth strategy with the following ESG restrictions: The US Large Cap Growth Sub-Fund may not invest its net assets in instruments issued by issuers active in the following areas: (i) tobacco, (ii) pornography, (iii) fossil fuel production, (iv) fossil fuel services, (v) controversial weapons, (vi) weapons and/or munitions, (vii) alcohol, and (viii) gambling. Notwithstanding the 8 | P a g e foregoing (and subject to the excluded investments referenced above), the US Large Cap Growth Sub-Fund may still invest in companies having revenues up to a maximum of 5% related to (i) fossil fuel services, (ii) weapons and/or munitions, (iii) alcohol and (iv) gambling. DSM has determined that both the Global Growth and US Large Cap Growth Sub-Funds promote ESG by investing in companies with strong revenue growth, stable earnings stream and quality management teams, with consideration given towards the companies’ environmental, social and governance characteristics according to article 8 of SFDR under Regulation (EU) 2019/2088. These companies tend to have an elevated awareness of sustainable practices and good governance, and the Sub-Funds seek to promote climate change mitigation in their investment process. However, such investments currently do not qualify as environmentally sustainable investments within the meaning of article 3 of regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment, as amended (the “Taxonomy Regulation”). DSM is keeping this situation under active review and where sufficient reliable, timely and verifiable data on the Sub-Funds’ investments in light of the requirements of the Taxonomy Regulation as well as its Delegated Regulation (EU) 2021/2139 become available, DSM will provide the descriptions referred to above, in which case the offering documents of the DSM Capital Partners Funds will be updated. Prior to making any investment in the DSM Capital Partners Funds, prospective investors should carefully review the offering documents of the DSM Capital Partners Funds for a comprehensive understanding of its terms and conditions. This information is intended merely as a brief summary and is provided for discussion purposes only and does not constitute an offer, agreement or binding commitment by anyone. Wrap-Fee Programs In general, a wrap-fee program is a program under which a client is charged a fee by a “Sponsor” for investment advisory services, execution of investment transactions, and custody. These programs are generally sponsored either by an investment adviser or broker-dealer unaffiliated with DSM. Consistent with applicable law, clients are permitted to impose reasonable restrictions on the management of their accounts, including restricting particular securities or types of securities, provided DSM accepts such restrictions. With respect to wrap-fee clients, absent specific instructions to the contrary, certain types of restrictions, for example, prohibiting investment in particular industries or socially responsible categories, could be defined, identified and restricted by the Sponsor. In a wrap-fee program, a representative of the Sponsor will typically work with a client to determine his or her investment objectives, risk tolerance, liquidity requirements, investment restrictions and other relevant suitability factors. Based on this information and DSM’s investment philosophy and style, the representative might recommend placing all or a portion of the client’s assets with DSM. For approved clients, DSM will manage their account in accordance with the investment objectives established in the applicable DSM model investment strategy as well as any reasonable restrictions imposed by the client. DSM is paid a portion of the total wrap-fee charged by the Sponsor, typically receiving less than 0.45% of a client’s assets. Because the wrap fee includes execution through the Sponsor or a Sponsor-designated broker-dealer (“Program Broker”), client transactions are generally executed without commission charges when effected by or through the Program Broker. However, if a transaction is executed through a broker other than the Program Broker, the client bears all additional costs of commissions and other transaction fees for the trade. As a result, DSM generally expects that it will execute most or all wrap client trades The wrap-fee paid by clients in this program will generally exceed DSM’s management fee for a separately managed account. In evaluating a wrap-fee arrangement, a client should recognize that commission rates are not negotiated by DSM. In addition, the Sponsor could charge additional costs, and the Sponsor maintains the discretion to modify the fee sharing arrangement with DSM. DSM does not control the fees or the billing arrangements in a wrap-fee program. For a complete description of a wrap- fee arrangement, including billing practices and account termination provisions, clients in wrap-fee programs should review the Sponsor’s brochure. Clients in wrap-fee programs should also satisfy 9 | P a g e themselves that the Sponsor is able to provide best execution of transactions. Clients should be aware that transactions in wrap-fee programs will generally produce increased trading flow for the Sponsor. In addition, clients in wrap-fee programs should also be aware of the risks related to wrap account turnover (i.e., reverse churning). Because wrap client transactions are generally executed without commission charge, a disparity in commission charges can exist between the commissions charged to a client in a wrap-fee program and DSM’s other clients, including clients in other wrap-fee programs. A client in a wrap-fee program should also consider that, depending upon the level of the fee charged by the Sponsor, the amount of portfolio activity in the client’s account, the value of custodial and other services that are provided, and certain other factors, a wrap-fee could exceed the aggregate cost of such services if they were provided separately. DSM only manages client assets in wrap-fee programs when a client is presented to DSM by the Sponsor of a program. DSM does not place potential clients in wrap-fee programs. The Sponsor has the sole discretion over client acceptance. Please see the discussion on conflicts listed in this Item 4 as well as in Item 12 – Brokerage Practices. Portfolio Licensing DSM also participates in portfolio licensing programs in which it does not trade a client’s account. In such programs, DSM provides the sponsor of the portfolio licensing program with DSM’s model investment strategy for the sponsor to implement for its clients’ accounts. Please see the discussion on conflicts listed in this Item 4 as well as in Item 12 – Brokerage Practices. 10 | P a g e