Firm Description and Principal Owners Samsung Asset Management Co., Ltd. (“SAMC”) was founded in 1998 in Seoul, Korea. SAMC is an asset manager in the Samsung Group of companies (“Samsung Group”). SAMC provides investment advisory services on a discretionary basis to pooled investment vehicles, institutional investors and certain companies within the Samsung Group, including Samsung Life Insurance Co., Ltd. (“Samsung Life”), the largest insurer in Korea, and Samsung Fire & Marine Insurance Co., Ltd. Samsung Life owns 100% of SAMC. SAMC is registered with and regulated by the South Korea - Financial Services Commission/Financial Supervisory Service. SAMC has 440 employees, including 322 investment professionals. It is headquartered in Seoul and has wholly-owned subsidiaries in Seoul, New York, London, Hong Kong. SAMC’s Seoul-based subsidiaries are Samsung Active Asset Management Co., Ltd. (“Samsung Active”), and Samsung Hedge Asset Management Co., Ltd. (“Samsung Hedge”).We have a participating affiliate agreement with Samsung Active. Types of Advisory Services SAMC exercises discretion over separately managed accounts (“Managed Accounts”) and pooled investment vehicles. U.S. person clients have Managed Accounts and are invested in pooled investment vehicles. SAMC provides expert discretionary investment advice on Korea and Asian markets. SAMC’s investment strategy focuses on a wide array of equity and fixed income products centered in Korea and the broader Asian markets. We do have non-discretionary clients. SAMC currently provides these investment management services: 1. manager to other investment advisers (“Advisers”) and foreign investment funds (“Foreign Funds”), including collective investment schemes which are offered to Korean retail investors through

a third-party sponsor or distributor; and 2. adviser to Managed Accounts (with Advisers and Foreign Funds, “Clients”) in accordance with Client investment objectives as specified in the applicable investment management agreement. SAMC also provides administrative services. These include: 1. administrative matters related to the operation of Foreign Funds and/or Managed Accounts, including coordination amongst broker dealers, custodians, transfer agents, administrators, record-keepers, accountants, legal counsel, and other pertinent service providers; 2. supervising sub-managers where retained by SAMC; 3. managing compliance oversight functions in accordance with applicable laws and regulations; and 4. maintaining or supervising the maintenance of books and records as required by applicable laws and regulations. How Services are Tailored to Fit Client Needs SAMC directs and manages the investment strategies of its Clients in accordance with the confidential offering memorandum, prospectus, investment management agreement or other applicable constituent document in connection with a Client’s investment (collectively, “Client’s Constituent Documents”). Depending on a Client’s investment objectives, the Client may select from a number of investment strategies offered by SAMC. Subject to SAMC’s consent, a Client may impose certain reasonable investment guidelines and restrictions. Client assets may be managed in separately managed accounts or by investing in a number of pooled investment vehicles. Wrap Fee Programs SAMC does not participate in “Wrap Fee” Programs. Management of Client Assets SAMC manages US$ 248,285,487,416 in assets under management, of which $248,277,148,547 is under discretionary management and $ 8,338,869 is non-discretionary.