Firm Description and Types of Advisory Services Strategic generally offers discretionary investment management and planning services to U.S. and non- U.S. individual and institutional investors, including employee pension and benefit plans, foundations, endowments, government entities, pooled investment vehicles, and family and general corporate funds. Strategic actively manages broadly diversified global portfolios as well as individual asset classes or groups of asset classes. Strategic generally has discretionary authority over its clients’ portfolios. As of December 31, 2022, Strategic had total regulatory assets under management of $26,988,658,396, of which $26,307,934,697 was managed on a discretionary basis and $680,723,699 was managed on a non-discretionary basis. Strategic collaborates with each client when determining appropriate risk and return objectives, developing an appropriate investment policy, and generally assuming discretionary responsibility for day-to-day management and investment of the client’s account. Specifically, Strategic’s comprehensive discretionary management services may include:
• Investment policy review/asset allocation study, as needed, for separately-managed portfolios.
• Comprehensive discretionary active management of the assets, including the following: o Asset allocation o Asset class structuring (i.e., within each asset class, where there are key decisions to be made, such as large cap vs. small cap, developed vs. emerging markets, etc.) o Manager sourcing, due diligence, selection, contract negotiation and execution, monitoring and transition o Oversight of the implementation of investment decisions o Comprehensive risk management and risk budgeting o Selection and oversight of alternatives strategies o Implementing strategies such as portable alpha o

In-house asset management for efficient passive exposure
• Broad back-office services, including coordination with providers as necessary (e.g., custodians, managers), and audit and tax support
• Education for investment committee members
• Dedicated relationship management and comprehensive reporting As part of its management of client accounts, Strategic may, in accordance with its investment advisory agreements with its clients, retain the services of sub-adviser(s) to manage certain sectors of client portfolios. Sub-advisers are selected and terminated on the basis of Strategic’s assessment of their ability to provide value added net of management fees and other costs, over and above explicit absolute and/or relative yardsticks on an absolute and risk-adjusted basis. Any such sub-advisers are either registered under the Investment Advisers Act of 1940 (“Advisers Act”) or exempt from registration. Strategic may enter into a separate investment advisory agreement on behalf of a client with each sub-adviser or may invest client assets in investment funds managed by Strategic or third parties. Sub-advisers and investment funds selected by Strategic may include affiliates of Strategic and specialized proprietary strategies managed by Strategic. Strategic Private Equity Management III, LLC, Strategic Private Equity Management IV, LLC and Strategic Private Equity Management (GP), L.P. (together the “General Partners”) are special purpose entities formed by Strategic for the purpose of acting as general partners of certain private funds for which Strategic is the investment adviser. Principal Owners Strategic was founded in 1987 and is a privately-held limited liability company. Its principal interest holders are (i) Northill US Holdings II Inc., part of B-Flexion Group (“B-Flexion”), and (ii) certain employees of Strategic.