HCM is a Delaware limited liability company formed in November 1997. HCM is a wholly-owned subsidiary of Honeywell International Inc., a global diversified technology and manufacturing company (“Honeywell”). HCM commenced operations in 1997 as Allied Capital Management LLC. HCM provides discretionary investment advisory advice to pension plans and other types of employee-benefit plans sponsored by Honeywell. HCM is generally granted broad investment authority over the management of the accounts of its clients, and employs several investment strategies on behalf of its clients. All client accounts are managed in an effort to maximize total return through investment in a wide range of public and private securities and other financial instruments. In addition to fixed income securities issued by public and private companies (whether in public or private placements), as well as options and futures thereon, HCM offers advice on and, on behalf of clients, invest in the following: dollar- denominated debt of governments or companies in foreign markets; convertible securities and bridge loans (including transactions that offer an equity-based component of return through associated warrants, options or other equity features); and commingled funds. HCM does not limit its advice to a particular type of security and the investments of its clients will not be limited except as reflected in the documents that govern HCM’s operation of the accounts (the “Governing Documents”). For accounts that are part of the Honeywell-sponsored

U.S. Master Retirement Trust, HCM offers advice on, among other things, interests in partnerships that invest in debt of public and private companies, asset allocation, selection and/or termination of external investment managers, transition services, and investment policy and strategy. HCM uses a variety of analytical methods in providing advisory services to its clients. HCM manages all assets on a discretionary basis based on the investment objectives, risk profile, financial situation and cash flow needs of each client, as reflected in the Governing Documents. HCM has entered into an investment management agreement with certain clients, and operates pursuant to Honeywell’s delegation of authority as to those clients. This delegation of investment authority is documented by resolutions of the Honeywell Pension Investment Committee, the entity responsible for administering the assets of such clients, as well as a written statement of investment objectives, guidelines and restrictions for such clients. HCM may agree with each client, pursuant to the Governing Documents, to investment restrictions or guidelines as to the types or amounts of securities or other financial instruments that may be purchased or sold for the client’s account. HCM pursues different investment strategies for different clients. HCM does not participate in any wrap fee programs. As of December 31, 2023, the amount of assets HCM manages on a discretionary basis was $13,695,583,634.