Capital Innovations, LLC (“CI” or the “Firm”) is an independent investment adviser registered with the SEC. The Firm was founded in 2007. The Firm is employee-owned, 51% women-owned, and independent. The Firm advises, creates, and manages specialized investment strategies focusing on real assets for institutional investors and family offices worldwide. CI provides discretionary and non-discretionary advisory services to clients. CI advises and manages client portfolios by applying traditional and systematic processes across a variety of infrastructure and real asset investment We do not necessarily limit our investment advice to these specialized categories, and we will periodically utilize different investment strategies outside of those described above depending on the objectives of the client. In such cases, we will consult closely with the client in developing such investment strategy. CI specializes in managing global public market investments and private markets investments in the areas of primary fund investments, secondaries, and co-investments, across all major geographies (North America, Western Europe, Eastern Europe, Asia, Australia, Central and South America, Middle East and Africa). Capital Innovations, LLC provides investment management and supervisory services, including, in certain instances, sub-advisory services, primarily with respect to public and private markets to institutional investors and sponsors worldwide (“Advisory Clients”). CI is also the sub-adviser to registered investment companies (“Sub-Advisory Clients”). The Advisory Clients, and Sub- Advisory Clients will collectively be referred to herein as “Clients”. Capital Innovations will also provide discretionary or non-discretionary advisory services and discretionary or non-discretionary sub-advisory services, as well as markets monitoring and reporting services, to Advisory Clients. Monitoring and reporting services include, but are not limited to, portfolio tracking and monitoring, portfolio analysis, review and reporting, review of amendments to governing documents, general research and education. CI may also provide consulting and research services in connection with asset allocation and portfolio structure. Investment management services are provided in accordance with written investment advisory contracts based on a client’s specific investment guidelines. Clients can place reasonable restrictions on CI’s investment discretion. The most common restrictions are social restrictions or those that prohibit CI from buying specific companies. Investment guidelines and restrictions must be provided to CI in writing and may impact performance. CI shall not be bound by any amendment to the investment restrictions unless and until the client and CI have agreed in writing on such amendment. CI generally has the responsibility to monitor investment restrictions. Clients should be aware that their restrictions can limit CI’s ability to act and as a result, their performance may differ from and may be less successful than that of other accounts which do not impose any restrictions. CI may take up to ten business days (or longer depending on the complexity of the account mandate) from the time an account is approved to fully invest an account funded in cash or ten business days (or longer depending on the complexity of the account mandate) from the time CI has received instructions to terminate

an account to fully liquidate the account. If the client intends 6 | P a g e to fund the account by transferring in-kind securities, CI will need to receive from the client, prior to the effective date of its management duties, a list of such securities to allow CI to determine which securities to retain and which to replace. The client will be responsible for all tax liabilities that result from sales of contributed securities. CI also offers discretionary and non-discretionary investment advisory services through wrap fee programs (“Wrap Programs”) that are generally sponsored by banks, broker-dealers or other investment advisers (each a “Sponsor”). Generally, in a Wrap Program, the client enters into an agreement with the Sponsor, who furnishes for a single “wrap” fee a variety of services. Wrap Programs for which CI provides certain advisory services include the following types: Traditional wrap (“Traditional Wrap”): CI enters into a contract with the Sponsor but does not have a contract with the client. CI makes investment decisions and places trades for client accounts. With respect to client accounts subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), CI is an ERISA fiduciary service provider to the Traditional Wrap account. Dual contract (“Dual Contract”): CI enters into a contract with the client and the client has a separate contract with the Sponsor. In some cases, CI enters into a contract with an investment manager to act as a sub-adviser to its client accounts; the client has a separate contract with the investment manager, and the investment manager has an agreement with the Sponsor. In Dual Contract programs, CI provides investment advisory services to the client and places trades for client accounts. The relevant agreements between or among the client, the Sponsor and CI will generally outline the services that will be performed by the Sponsor, CI, and others in the Wrap Programs. Typically, the Wrap Program Sponsor is responsible for determining whether a specific CI strategy is suitable or advisable for a particular investor. Where CI manages a portion of a client’s Wrap Program account, CI is responsible only for the assets over which it has discretion. CI is not responsible for other assets held in the Wrap Program account nor the determination of what percentage of the total assets is allocated to CI. Wrap Program clients are urged to refer to the appropriate disclosure document and client agreement for more information about the Wrap Program, investment advisory services, fees, and contract termination provisions. As of March 29, 2024, CI had a total of $109,095,622 assets under management with $74,069,187 in assets under management on a discretionary basis and $35,026,435 in assets under management on a non-discretionary basis. CI cannot guarantee or assure you that your investment objectives will be achieved. CI does not guarantee the future performance of any client's account or any specific level of performance, the success of any investment decision or strategy, or the success of CI’s overall management of any account. The investment decisions CI makes for client accounts are subject to various market, currency, economic, political, and business risks, and the risk that investment decisions will not always be profitable. Many of these risks are discussed in Item 8 below, which you should review carefully before deciding to engage CI’s services. 7 | P a g e