4.A. Advisory Firm Description Fundsmith is a limited liability partnership that was formed in England and Wales on April 16, 2010 under the Limited Liability Partnerships Act 2000. Fundsmith is authorized and regulated by the United Kingdom Financial Conduct Authority to carry on certain regulated activities in the United Kingdom. Fundsmith is headquartered in London, England. The principal owner of Fundsmith is Eighth Wonder Limited which is a direct wholly owned subsidiary of the Eighth Wonder Foundation (“The Foundation”), a foundation registered in the Republic of Seychelles and established by Fundsmith’s founder, Mr. Terence Charles Smith. The objective of The Foundation is, in part, to provide for the long-term succession of Fundsmith’s business interests and to ensure employees, partners and investors are sufficiently protected and for the provision for beneficiaries. 4.B. Types of Advisory Services Fundsmith sponsors and provides advisory services to the following pooled investment vehicles (the “Funds” and each, a “Fund”): (1) Fundsmith Equity Fund, L.P., a Delaware limited partnership, (2) Fundsmith Sustainable Equity Fund, L.P., a Delaware limited partnership, and (3) Smithson LP, a Delaware limited partnership. Fundsmith has appointed its affiliate, Fundsmith Investment Services Limited (“FISL”), as sub-adviser to the Funds pursuant to a sub-advisory agreement. Fundsmith also provides sub-advisory services to an investment company registered in the United States (“U.S.”) under the Investment Company Act of 1940, as amended (the “1940 Act”), as well as to pooled investment vehicles sponsored by third-party managers (collectively “Unaffiliated Funds”). The Funds and the Unaffiliated Funds are collectively referred to below as “Advisory Clients.” In addition, Fundsmith provides advisory services to certain non-U.S. pooled investment vehicles (the “Non-U.S. Funds”), which are not available for purchase by third party investors

in the U.S. 4.C. Investment Objectives/Restrictions Fundsmith, on behalf of Advisory Clients, invests in equities on a global basis employing a buy- and-hold investment strategy that seeks to achieve long-term growth in value. Fundsmith’s approach is to be a long-term investor in its chosen stocks and it does not adopt short-term trading strategies for such Advisory Clients. Fundsmith adheres to strict investment criteria, through which it seeks to invest only in high-quality businesses that it believes will deliver attractive risk-adjusted returns to investors over the long term. The information set forth herein is qualified in its entirety by reference to applicable registration statements, confidential private placement memoranda (“PPMs”), or other offering documents, limited partnership agreements (“LPAs”), investment management agreements, and/or other governing documents (collectively, the “Governing Documents”) for each Advisory Client. In the event of a conflict between the information set forth in this Brochure and the information in the Governing Documents, the Governing Documents shall prevail. Investors and prospective investors in each Fund should read the applicable Governing Documents for complete information on the investment objectives and investment restrictions with respect to a particular Fund. There is no assurance that any of the Funds’ investment objectives will be achieved. Fundsmith manages Unaffiliated Funds in accordance with the applicable investment objectives and strategies of the pooled investment vehicle, which may be amended from time to time by the third-party manager. 4.D. Wrap Fee Programs Fundsmith does not participate in, nor is it a sponsor of, any wrap fee programs. 4.E. Assets Under Management As of March 31, 2023, Fundsmith manages approximately $35,522,818,241 in regulatory assets under management on a discretionary basis and $0 assets on a non-discretionary basis.