business Firm overview Allspring UK was incorporated in England & Wales (registered no 3710963) in 1999 and is authorized and regulated by the United Kingdom’s (“UK”) Financial Conduct Authority ("FCA") as well as being an SEC registered Investment Adviser since September 2004. Allspring UK 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. Certain employees of the Allspring Global Investments1 group of companies (collectively, “Allspring”) indirectly own non-voting equity interests in Allspring Group Holdings, the indirect parent of Allspring UK and the other Allspring Global Investments Holdings’ group of companies. Such Allspring employees collectively 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 Capital Partners is a thematic investor in leading global, middle-market businesses through control and influence- oriented investments in five 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 indirectly, 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 have temporarily remained 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 1 Allspring Global Investments is the trade name for the asset management companies of Allspring Global Investments Holdings, LLC, that includes Allspring UK, Allspring Global Investments, LLC (“Allspring Investments”), Allspring Funds Management, LLC (“Allspring Funds Management”), Allspring Funds Distributor, LLC (“Allspring Funds Distributor”);, Allspring Global Investments (Singapore) Pte. Ltd. (“Allspring Singapore”), Allspring Global Investments (Hong Kong) Limited (“Allspring Hong Kong”), Allspring Global Investments (Japan) Limited (“Allspring Japan”); and Allspring Global Investments Luxembourg S.A (“Allspring Luxembourg”). Associated with Allspring, but not part of the Allspring trade name/GIPS firm, is Galliard Capital Management, LLC, which is a direct wholly-owned subsidiary of Allspring Global Investments Holdings. fiduciary duties and other considerations, remains an important distribution partner with respect to Allspring’s products in a manner similar to their role prior to the divestiture. Types of investment advisory and discretionary portfolio management services Allspring UK provides investment advisory and portfolio management services to mutual funds, private funds, offshore funds, other pooled vehicles and client accounts. Allspring UK’s clients include institutional clients such as corporations, endowments, foundations, pension plans, healthcare organizations, educational organizations, public agencies, multi-employer plans, sovereign organizations, insurance companies, government/public authorities, investments funds and banks. Allspring UK’s investment management services are offered on a discretionary and non-discretionary basis. When performing portfolio management services on a discretionary basis, the client relies on Allspring UK to formulate and, in most cases, to implement the investment decisions consistent with parameters and information that the client provides in advance. Allspring UK will tailor its portfolio management services to the individual needs of its clients, including

by incorporating client specific restrictions, as necessary. However, Allspring UK will not accommodate investment restrictions that are unduly burdensome, including any requested restrictions on underlying securities held in a fund/commingled vehicle in which the client invests. Allspring UK reserves the right to decline, accept, or terminate client accounts with such restrictions. Investment restrictions requested by a client might cause the performance of its account to differ from that of the portfolio recommended by Allspring UK, possibly producing less favorable overall results. Clients specify their investment objectives as well as any guidelines or restrictions in the advisory or investment management agreement, as appropriate, depending on the type of services being provided to the client by Allspring UK. Where Allspring UK is an investment adviser, including on a sub-advisory basis, to a pooled investment vehicle (e.g., mutual fund or private fund), investments will not be tailored to the individualized needs of any particular investor in the pooled investment vehicle. Investors may not impose restrictions on investing in certain securities or certain types of securities but rather will be subject to the investment guidelines as described in the vehicle’s prospectus or other offering document. Allspring UK utilizes proprietary and vended investment allocation systems in conjunction with the securities selection services provided by its portfolio managers to create and maintain actively managed investment portfolios intended to meet the requirements of its clients’ investment needs. In addition, the scope of services is determined by client agreement and regulation, and would typically include:
• Appropriate asset allocation;
• Portfolio management designed to achieve investment objectives within particular asset classes;
• Client reporting of portfolio valuation, asset classes, investment strategies and performance relative to appropriate benchmarks; and
• Periodic review of investment objectives, guidelines, restrictions, and strategies. Allspring UK provides discretionary portfolio management services in respect of a range of strategies, including:
• Currency Alpha
• Corporate Bonds
• Asset Backed securities
• High Yield Bonds
• Financials
• Loans and mezzanine finance
• Emerging Markets
• Global Bond (Hedged)
• Global Equity Enhanced Income
• Global Fixed Income Long Duration
• Global Bond Opportunity
• Global Sovereign Bonds
• Global Fixed Income Ultra Short
• Portable Alpha
• Alternative Risk Premia
• Bespoke multi-asset solutions to client specifications The selection of securities and the construction of a portfolio will reflect the client’s investment guidelines. Where appropriate this will include hedging of currency and interest rate risk. Allspring UK's investment strategies are designed to provide prudent diversification across a wide range of markets and securities in an effort to achieve a higher probability of increased return with lower volatility. Fixed income securities and currencies are treated as separate asset classes and derivatives are used in accordance with client guidelines to prudently hedge into the client's reporting currency to protect against a loss of stated value. This is a specialized approach to diversification for the abatement of risk and relative improvement of return. Where Allspring UK acts as a discretionary investment manager it makes all investment decisions as it deems appropriate, and without prior consultation with the client. It may buy, sell, exchange, convert and otherwise trade in any stocks, bonds, derivatives, currency or other securities and financial instruments, subject to any written investment guideline the client may provide and applicable law. In some cases, and always in the client's best interest, Allspring UK may make investment decisions for a client related to particular securities that are different than the decisions it makes for other clients concerning the same or related securities. Additional information concerning Allspring UK’s discretionary authority is provided in Item 16 below. Notwithstanding the above, Allspring UK may provide non-discretionary or recommendation services to clients who maintain discretionary authority under specified conditions. Allspring UK is not a broker dealer and does not sponsor wrap fee programs nor does it maintain direct contractual relationships with wrap sponsors. Instead, Allspring UK may contract with registered investment advisors, including Allspring Investments, for the purpose of offering sub-advisory services. In providing these sub-advisory services, Allspring UK makes assurances that it has executed valid sub-advisory contracts that require its client, the contracting advisor to: (i) retain responsibility for communicating any securities recommendations subject to client constraints, (ii) provide the necessary administrative and client support services, and (iii) provide any marketing support. Allspring UK also makes reasonable inquiry and obtains assurances that its client, the registered investment advisor, either provides the necessary Form ADV to clients itself or that it validates the sponsor's undertaking of such action. Current assets under management As of December 31, 2023, Allspring UK had approximately US$8,335,136,854 in regulatory assets under management on a discretionary basis.