Morgan Stanley Investment Management Limited (“MSIM Ltd”) and its advisory affiliates represent the investment management division of Morgan Stanley, a publicly held company (“Morgan Stanley”). MSIM Ltd is a wholly owned subsidiary of Morgan Stanley, a corporation whose shares are publicly held and traded on the New York Stock Exchange under the symbol “MS”. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions, and individuals. MSIM Ltd was formed in 1986 to lead the Firm’s work in international and global investment, offering investment in the world’s equity and fixed income markets, either separately or as a balanced portfolio, for all institutions. MSIM Ltd registered with the Financial Conduct Authority (FCA) in 2001 and with the SEC as an investment adviser under the Investment Advisers Act of 1940 in 1986. Overview For more than 40 years Morgan Stanley Investment Management (MSIM) has provided client-centric investment and risk-management solutions to a wide range of investors and institutions. Our clients include corporations, pension plans, intermediaries, sovereign wealth funds, central banks, endowments and foundations, governments, consultant partners, and retail investors worldwide. Investment strategies span the risk/return spectrum across geographies, investment styles and asset classes, including equity, fixed income, alternatives and private markets. More than 20 investment teams are organized within six capabilities: Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Fixed Income and Global Liquidity. MSIM offers its clients the intelligence and creativity of some of the brightest professionals in the industry, and access to the global resources of Morgan Stanley. The extensive range of MSIM’s services and products reflects our continuous effort to provide products and services that help meet the needs of investors worldwide. Depending on the selected product or offering, our investment teams have the ability to customize solutions for clients, creating tailored approaches in the context of a full-service platform. MSIM is dedicated to providing superior client service to investors worldwide. In addition to responding to client inquiries and providing timely portfolio analytics and commentary, we share knowledge with clients by organizing proprietary conferences and webcasts, and distributing a wide array of publications and thought leadership papers that highlight our firm’s intellectual capital. We aim to empower our clients to make more informed investment decisions. The longevity of many of our client relationships testifies to our commitment to superior investment service and the productive partnerships we have cultivated throughout our history. We provide discretionary and non-discretionary investment management services and products to institutional clients and individual investors. We also advise clients on a discretionary and non-discretionary basis as to the appropriate allocation of assets among multiple separate accounts and/or investment companies or other pooled vehicles that we advise (“asset allocation advice”). As a diversified global financial services firm that engages in a broad spectrum of activities including financial advisory services, investment management activities, sponsoring and

managing private investment funds, and other activities, you should be aware that there will be occasions when Morgan Stanley encounters potential and actual conflicts of interest in connection with its investment management services. MSIM Ltd also provides asset allocation advice for fees that are negotiated and vary depending on a client's particular circumstances. In connection with this service, MSIM Ltd advises clients on a discretionary and non-discretionary basis as to the appropriate allocation of their assets among various separate accounts and/or investment companies advised by MSIM Ltd, including, but not limited to, the Morgan Stanley Institutional Fund, Inc. and the Morgan Stanley Institutional Fund Trust, each an open- end registered investment company, Morgan Stanley Investment Funds, Societe d'Investissement a Capital Variable ("SICAV"), which is a collective investment vehicle established in Luxemburg, and Morgan Stanley Funds UK, which is an open ended investment company ("OEIC") in the UK. MSIM Ltd.’s asset allocation FORM ADV, PART 2A BROCHURE MORGAN STANLEY INVESTMENT MANAGEMENT LIMITED5 fee is in addition to fees it and its affiliates receive as adviser and administrator to such investment companies. Because MSIM Ltd. receives varying fee levels for its advisory services to the investment companies it recommends, it could be deemed to have a conflict of interest in rendering its asset allocation advice. Fund of Funds and Portfolio Solutions Our fund of funds advisory and portfolio solutions business focuses on the discretionary and, in certain instances, non- discretionary investment management of accounts across three strategies: (1) fund of hedge funds; (2) private markets (“Private Markets”); and (3) portfolio solutions. MSIM Ltd.’s fund of funds advisory business consists primarily of identifying investment opportunities and making investments in diversified portfolios of traditional and non-traditional investment funds. Advisory services of this nature are provided to funds and separate accounts on a discretionary and non-discretionary basis. The underlying funds or accounts in which we invest are referred to throughout as the “Underlying Investment Funds” and the third-party investment managers who manage the Underlying Investment Funds are referred to as the “Underlying Investment Managers” The Portfolio Solutions business implements discretionary investment advice by integrating traditional and non-traditional investments through a single portfolio construction, philosophy and approach. Wrap Fee Programs In accordance with a delegation agreement between MSIM Ltd and an affiliated investment adviser, Morgan Stanley Investment Management Inc. (“MSIM Inc”), MSIM Ltd is delegated responsibility for providing model portfolio services to certain of MSIM Inc’s clients that participate in bundled “wrap fee” programs (“Wrap Fee Programs”) sponsored by certain broker-dealers and/or investment advisers, including affiliates of MSIM Ltd. For more details regarding the advisory services, fees, conflicts of interest, and other information associated with a Wrap Fee Program, clients should refer to the applicable disclosure in MSIM Inc’s Form ADV Part 2A brochure. Assets Under Management As of December 31, 2023, MSIM Ltd managed $147,313,418,161 on a discretionary basis and $18,580,788,480 on a non-discretionary basis totaling $165,894,206,641 of assets under management. FORM ADV, PART 2A BROCHURE MORGAN STANLEY INVESTMENT MANAGEMENT LIMITED6