The Firm is an investment adviser structured to provide discretionary and non-discretionary investment advisory and sub-advisory services to funds and institutional clients located or domiciled within or outside of the U.S. It is indirectly wholly owned by Itaú Unibanco Holding S.A. (“Itaú”), a reporting company under the U.S. Securities Exchange Act of 1934. The Firm provides services under the name Itaú USA Asset Management, Inc. Many of the Firm’s activities involve providing discretionary advisory services directly to clients. The Firm also provides non-discretionary investment recommendations to certain affiliates and third parties. When providing non-discretionary services, the Firm may provide recommendations and propose trades, but is not responsible for the final investment decision or for causing the trades to be made. Institutional clients include affiliates of the Firm that are engaged in banking, private banking or similar businesses, unaffiliated investment advisers, and other third-party institutions. The Firm may provide advice regarding funds that are domiciled within and outside the United States and, in some cases, the Firm or its affiliates may have pecuniary interests in underlying funds including as a sponsor, adviser, service provider, or investor. The Firm may also provide research and non-discretionary recommendation of funds and their investment managers. Additionally, the Fund of Funds strategies may involve the use of derivatives. The Firm seeks to tailor its advisory services to the investment objectives of its particular clients through discussions with the client upon commencement of the advisory relationship and again periodically as the Firm evaluates its advice over time. Such processes address the client’s specific needs and requirements with respect to investment goals, restrictions, and target return, given an acceptable level of risk. Investors in funds to which the Firm provides advisory services are generally not permitted to restrict the types of investments or broker-dealers/counterparties to be used by the Firm on behalf of the funds. Separately managed account clients are generally permitted to restrict the types of investments or broker-dealers/counterparties to be used by the Firm on behalf of their accounts. Latin American Equities Strategy. The Firm provides advisory services with respect to Latin American companies’ stocks traded in local markets and in U.S. exchanges [mainly through American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”) and to equities of all kinds – shares in large or small capitalization companies, liquid or illiquid stocks, and global entities or firms in narrow sectors]. The Firm may seek long- or short-term capital appreciation, 6 total

return, or other objectives. The Firm usually provides active management but may also follow passive strategies – such as tracking an index – for all or part of a portfolio. Funds of Funds Strategy. The Firm provides advisory services to funds and institutional clients with respect to investment in funds managed by U.S. and non-U.S. unaffiliated investment managers. The managers of the underlying funds generally deploy a variety of investment strategies. Although such underlying strategies may include, among others, quantitative analysis (for example, trading pursuant to computer programs or algorithms), such an investment is typically a part of a larger portfolio of funds. Asset Management Solutions Strategies. The Firm provides discretionary institutional advisory services through its Asset Management Solutions team (“Solutions”). This comprehensive service involves various components, including, but not limited to:  Asset allocation, encompassing both initial allocation and ongoing rebalancing.  Investment selection, involving both hiring and termination of third-party managers.  Authorization to trade accounts as necessary by market conditions and client demands.  Ongoing reporting, which may include performance attribution analysis of the underlying investment strategies.  Managing and advising on any legacy assets held by the account where applicable. . Fixed Income Strategy. In addition to the foregoing, the Firm provides advisory services with respect to fixed income strategies, hard and local currencies and across a broad range of securities, such as government and corporate bonds, credit related exchange-traded funds, money market instruments, cash and cash-equivalents and derivatives. The mandates are either managed in mutual funds or segregated managed accounts. The Firm seeks capital protection and adherence to broad index benchmarks in accordance with the risk and return objectives defined by the investment policy statements. Other Strategies. The Firm manages an allocated portion of the following funds: (i) Itau Global Dynamic Fund Segregated Portfolio- - India and Sierra Sleeves, (ii) Itau Global Dynamic Fixed Income Fund Segregated Portfolio – India and Sierra Sleeves, (iii) Itau Global Dynamic Ultra Fund Segregated Portfolio – India and Sierra Sleeves and (iv) Itau Flexprev Global Dynamic Fixed Income Fund Segregated Portfolio – India and Sierra Sleeves.1 . 1 These sub-advised strategies are offered by an affiliate of the Firm and are not available or offered to U.S. investors. 7 As of December 31, 2023, and calculated based on the SEC’s “regulatory assets under management” formula, the Firm provided discretionary advice with total regulatory assets under management of USD $8,010,761,978.