Sanders Capital, LLC (“Sanders”, “Sanders Capital”, “us”, “we” or the “firm”) provides discretionary investment management services to institutional clients and pooled vehicles, subject to a client’s investment objectives and guidelines. Sanders also provides non-discretionary investment management services to certain clients. Sanders Capital was founded in 2009 by Lewis A. Sanders and is headquartered in West Palm Beach, Florida. Lewis A. Sanders currently serves as Chief Executive Officer, Co-Chief Investment Officer, and principal owner of the firm. Sanders is 100% owned by staff members. The firm was formed as a New York limited liability company and registered with US Securities and Exchange Commission (the “SEC”) in October 2009. As of December 31, 2022, Sanders Capital had discretionary assets under management of $61.66 billion, and non-discretionary assets under management of $2.77 billion; however, Sanders has no responsibility to execute trades for non-discretionary accounts and Sanders relies on values provided by such Clients to determine its non-discretionary AUM. Sanders Capital provides its investment management services primarily through separate accounts to institutional investors across the strategies listed below. All of Sanders Capital’s investment strategies are driven by the same research and portfolio management process. Please refer to Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss - for an explanation of our investment philosophy and investment process. Sanders may tailor its strategies to a Client’s specific needs and Clients are permitted to impose reasonable restrictions on investing in certain assets. However, Sanders may decide that some client-imposed investment restrictions are unduly burdensome or materially incompatible with Sanders Capital’s investment approach. Our investment management services include the following strategies: US Value Equity Portfolios and Global Value Equity Portfolios Sanders Capital currently offers two equity-only

portfolios for clients with fixed asset allocation policies. These portfolios are managed in accordance with our discipline and the client's guidelines, where applicable.
• US Value Equity Portfolios invest predominantly in large capitalization stocks of US companies, although some portion of the assets may be invested in companies domiciled in developed or emerging markets outside the United States.
• Global Value Equity Portfolios invest predominantly in large capitalization stocks of companies domiciled in developed nations throughout the world¸ although some portion of the assets may be invested in companies domiciled in emerging markets. All Asset Value Portfolios All Asset Value Portfolios may invest in a broad range of financial assets in all parts of the global capital markets. The investment objective of these portfolios is to generate attractive risk-adjusted investment returns, while conforming to specified absolute volatility targets. The mid-volatility and high volatility portfolios are distinguished from each other by the risk level and expected volatility of their investments. These Portfolios are managed in accordance with our discipline and a clients' guidelines, where applicable, for separately managed accounts. The strategy is employed in separate accounts as well as the Sanders Capital All Asset Value Fund, L.P. (the "Fund"), a Delaware limited partnership sponsored by our affiliated company SC SPV, LLC and managed by Sanders Capital (see Item 10 below for more information). The Fund issues three different series of interests, and each series is distinguished from the other series by the level of risk (expected volatility of the portfolio) and tax management objectives. When the Fund is open to new investors, investments are offered by a private offering memorandum to qualified investors, including our investment management clients. The Fund’s private offering memorandum contains details regarding the investment strategy and risks of the Fund.