NWI Management, LP (“NWI” or the “Investment Manager”) is a Delaware limited partnership owned and controlled by Mr. Nellapalli (“Hari”) Hariharan and Ms. Jayachandrika (“Chandrika”) Hariharan (either directly or indirectly through its general partner, NWI, LLC). The Investment Manager’s principal place of business is at 623 Fifth Avenue, 23rd Floor, New York, New York 10022. NWI has been in business since 1999 and provides investment advisory services to private and offshore collective investment funds and other pooled investment vehicles, which are intended for institutional and high net worth investors. NWI’s advisory business is primarily in the area of “global macro” investing with an emphasis on emerging markets. As of midnight December 31, 2023, the Investment Manager had approximately $2,384 million in net assets under management. All assets are managed on a discretionary basis. The Investment Manager provides investment advice to several collective investment vehicles organized to invest in and to trade securities and other financial instruments, including private investment partnerships and foreign investment companies, sponsored and/or managed by NWI or by third-party investment firms (each, a “Fund”). (An affiliate of the Investment Manager serves as general partner to certain of these Funds organized as limited partnerships.) In providing these services to each Fund, the Investment Manager formulates its investment objective, directs and manages the investment and reinvestment of each Fund’s assets, and provides reports to management and/or investors. Investment advice is provided directly to each Fund and not individually to the limited partners or shareholders of the Fund. The Investment Manager manages the assets of each Fund in accordance with the terms of the governing documents applicable to the Fund. The offerings of shares or limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”). NWI is registered as a commodity pool operator under the U.S. Commodity Exchange Act, as amended (the “Commodity Exchange Act”), with respect to certain of the Funds it advises. However, NWI has submitted notice filings stating its intent to operate certain of these Funds pursuant to an exemption available under Regulation 4.7(b) adopted by the U.S. Commodity Futures Trading Commission (“CFTC”). In addition, certain other Funds are operated as “exempt pools” pursuant to CFTC Regulation 4.13(a)(3). NWI is also registered as a commodity trading advisor under the Commodity Exchange Act. Further, NWI has submitted a notice filing stating its intent to advise its advisory clients pursuant to an exemption from certain obligations under CFTC Regulation 4.7(c). Accordingly, offers and sales of interests or shares in the Funds are made exclusively to investors satisfying the applicable eligibility and suitability requirements of the Securities Act, Investment Company Act, Commodity Exchange Act and CFTC Regulations, either via private

transactions within the United States or in offshore transactions. The Investment Manager advises certain client accounts that are sponsored and/or managed by third-party investment firms, which may and do share or replicate the investment objectives or strategies employed by the Funds sponsored by NWI. In these cases, the Investment Manager may and does also tailor its advisory services to the individual needs of each client, and the clients may and do impose restrictions on trading and investing in certain types of securities or other financial instruments. Clients may and do have investment objectives that vary, and may be identical to, or substantially similar to, or different from, another client’s investment objective. It cannot be assured that advisory clients having identical or substantially similar investment objectives will have identical or substantially similar investment portfolios or trading positions. Consistent with SEC Advisers Act Release No. IA-4509, as used in this Brochure, a “separately managed account” is an advisory account for a client other than a pooled investment vehicle. As used in this Brochure, the word “may” and other similar words implying contingency should be understood to be a disclosure that the Investment Manager is permitted to engage in the practice described and could actually be doing so at the present time, or could have done so in the past, or may do so in the future, in connection with all or some client accounts and transactions. The descriptions set forth in this Brochure of specific advisory services that are offered to advisory clients, and investment strategies pursued and the investment and trading activities conducted on behalf of advisory clients, should not be understood to limit in any way the investment and trading activities of NWI, which may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that it considers appropriate, subject to each advisory client’s investment objectives and guidelines. The investment strategies pursued are speculative and entail substantial risks. Advisory clients should be prepared to bear the risk of a substantial loss of capital. There can be no assurance that the investment objectives of any advisory client will be achieved. The securities of the Funds may be and are offered and sold in the United States on a private placement basis under exemptions promulgated under the Securities Act and other applicable state laws. Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be “accredited investors” as defined in Regulation D, “qualified purchasers” as defined in the Investment Company Act, or “non-U.S. persons” as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential memorandum.