Martin Currie is an asset management company with US$16.4 billion of assets under management (AUM) for more than 99 clients worldwide, including financial institutions, pension funds, family offices, government agencies and investment funds. The firm has offices in Edinburgh (headquarters) and New York. Martin Currie Limited is the parent of the UK consolidated group and is subject to consolidated supervision by the Financial Conduct Authority (FCA). Martin Currie Investment Management Limited (MCIM), a subsidiary of Martin Currie Limited, is the main operating company of the group. MCIM performs investment management, dealing, investment support, sales and marketing and platform functions for the Martin Currie group. MC Inc provides the primary sales and marketing services to North American clients, together with discretionary investment management services to US investors. MC Inc is regulated by the SEC. MC Inc sub-delegates ancillary investment management administration and operational functions, such as dealing, compliance, legal etc, to MCIM in the UK. MC Inc. is a wholly owned subsidiary of Martin Currie Limited, which is a wholly owned subsidiary of Martin Currie Holdings Limited which is a wholly owned subsidiary of Legg Mason Global Holdings Ltd, which is also a wholly owned subsidiary of Templeton International, Inc, a wholly-owned subsidiary of Templeton Worldwide, Inc., which is a wholly-owned subsidiary of Legg Mason, Inc., which is a wholly-owned subsidiary of Franklin Resources Inc. MC Inc is a directly owned subsidiary of Franklin Resources, Inc. (‘Franklin’), a global asset management firm headquartered in the USA. Martin Currie Limited has four subsidiaries – MCIM, MCInc, Martin Currie Trustees Limited (a dormant company) and Moorgate Investment Management Limited (a dormant company). The common stock of Franklin Resources is traded on the New York Stock Exchange (“NYSE”) under the ticker symbol “BEN,” and is included in the Standard & Poor’s 500 Index. MCIM has entered an Intermediary arrangement with Franklin Templeton Australia Limited (ABN 76 004 835 849) to facilitate the provision of financial services by MCIM to wholesale investors in Australia. Martin Currie Australia is a division of Franklin Templeton Australia Limited (ABN 76 004 835 849). Franklin Templeton Australia Limited is part of Franklin Resources, Inc., and holds an Australian Financial Services Licence (AFSL No. AFSL240827) issued pursuant to the Corporations Act 2001. Martin Currie offers a range of segregated or pooled accounts, each driven by one of three principal strategy types. MC Inc also offers non-discretionary model portfolio delivery to institutional clients. This table illustrates the products offered to clients and their relative contribution to assets under management. For further details on our strategy and fund range, please visit our website. Please refer to Item 8, Methods of Analysis, Investment Strategies and Risk of Loss, for additional details. Potential or actual conflicts of interest may arise in the allocation of investment opportunities among client’s accounts. Please refer to Item 11, Code of Ethics, Participation or Interest in Client Transactions and Personal Trading, for additional details. Services of Affiliates Franklin Templeton Investments operates its investment management business through Martin Currie, as well as through multiple affiliates, some of which are registered with non-U.S. regulatory authorities and some of which are registered with multiple regulatory authorities. Please refer to Item 10, Other Financial Industry Activities and Affiliations for additional details. Martin Currie is committed to the highest standard of client service. Our client facing professionals are guided by one clear goal – to understand each client’s specific needs and to meet or exceed their expectations. We regard client service as one of the key differentiators that sets us apart from our peer group. We have a dedicated client service team. Led by experienced investment professionals, the team has a clear goal – to understand each client’s specific needs and to meet or exceed their expectations. A separate investment management agreement (‘IMA’) is established for each segregated client portfolio. Within the IMA, clients define the investment parameters within which the mandate must be managed as per their specific requirements. These can include minimum or maximum cash levels, restrictions on the amount of the portfolio that can be invested in a particular country or region, or the amount of the portfolio that can be invested in a particular type of security. These parameters are then recorded on Sentinel, an investment restriction monitoring system. In addition, Martin Currie check for inadvertent limit breaches caused by market movements on a daily basis and

ensure that appropriate remedial action is taken. Although portfolio managers will generally apply the same investment philosophy to all portfolios they manage, the composition of each portfolio may differ due to individual client restrictions. As a result, the performance of each portfolio will be different, with some portfolios performing better than others. MC Inc has a relationship with Franklin Templeton Private Portfolio Group, LLC, through which MC Inc has access to managed account programs by being retained by FTPPG as a sub-advisor. MC Inc is part of a wider group of companies, collectively referred to as ‘Martin Currie’ or the ‘Group’. Both Martin Currie and FTPPG are wholly owned subsidiaries of Franklin. As sub-advisor to FTPPG, MC Inc. provides investment advisory services that involve one or more of the investment management strategies described below. As sub-advisor to FTPPG, MC Inc participates in various types of managed account programs, which include FTPPG-Implemented Programs, Discretionary Model-Based Programs and Non-Discretionary Model-Based Programs, which are defined as follows:
• FTPPG-Implemented Programs. Programs of sponsors in which MC Inc has security selection discretion and FTPPG implements investment instructions furnished by MC Inc in the form of model portfolios with respect to client accounts, subject to any implementation protocols or rules agreed to by FTPPG and MC Inc.
• Discretionary Model-Based Programs. Programs of sponsors in which MC Inc has security selection discretion and FTPPG forwards investment instructions furnished by MC Inc in the form of model portfolios to sponsors or their designees for implementation, subject to any implementation protocols or rules of the sponsors or their designees; and
• Non-Discretionary Model-Based Programs. Programs of sponsors in which FTPPG forwards MC Inc’s non-discretionary investment recommendations in the form of model portfolios to sponsors or their designees for implementation, subject to the discretion of sponsors or their designees. Participation in managed account programs by MC Inc includes wrap fee programs that may be sponsored by banks, broker-dealers or other investment advisers. FTPPG receives a portion of the wrap fee for services provided to such accounts and passes a portion of this fee onto MC Inc Not all investment strategies managed by MC Inc are available through managed account programs. Further, the manner in which MC Inc constructs a portfolio for use in managed account programs may differ from how the same strategy is executed for an institutional client, for example, due to the use of US listings of an international stock instead of the locally traded security, differing liquidity and transaction- cost characteristics, the use of affiliated commingled vehicles to implement the strategy in addition to individual securities and lack of access to certain markets. Due to the restrictions imposed within commingled vehicles, this could have an impact on individual position exposures. For the foregoing reasons, in addition to certain other factors described in item 12 of this brochure, the performance of an account in a managed account program may differ from the performance of other managed account program accounts and from the performance of MC Inc’s institutional and pooled fund clients managed in accordance with the same MC Inc strategy. As a provider of investment advice under a managed account program, MC Inc is not responsible for determining whether a managed account program or MC Inc’s investment style or strategy is suitable or advisable for any particular managed account program client. Rather, such determinations are the responsibility of the sponsor and the client (or the client’s financial advisor and the client). MC Inc is responsible only for supplying a model portfolio that is consistent with the designated MC Inc. strategy to FTPPG for implementation or onward distribution to another firm for implementation and does not tailor model portfolios to individual client needs. Though clients in managed account programs can impose reasonable restrictions, the implementing firm (such as sponsor, overlay manger or FTPPG) is responsible for complying with such restrictions. Managed account program clients should carefully review the terms of the relevant agreement with their sponsor to understand the terms, services, minimum account size and any additional fees that may be associated with their account and participation in the program. Information about these products and the risks can be found in the joint brochure entitled “FTPPG Retail Client Brochure.” As at September 30, 2023, the Group has US$13.9 billion in discretionary assets under management. The firm has $2.5 billion under advice. The assets under management do not include assets of Martin Currie Australia as this is a division of Franklin Templeton Australia Limited.