Introduction Redwood Investments, LLC (“Redwood”) was formed and began managing assets in 2004 by its Founders and Managing Partners Jennifer K. Silver and Michael J. Mufson. The firm is registered with the SEC (Securities and Exchange Commission) as a Registered Investment Adviser. As of January 31, 2024, Redwood is wholly-owned by Alger Group Holdings, LLC (“AGH”), which is wholly-owned by Alger Associates, Inc. (“AAI” and together with its associates, “Alger”). Redwood is under common ownership with Fred Alger Management, LLC (“FAM”) and Weatherbie Capital, LLC (“WC”), each registered investment advisers. Alexandra D. Alger, Hilary M. Alger and Nicole D. Alger together own (directly or through trusts they have created for the benefit of their families) approximately 35%, 35% and 29%, respectively, of AAI. Investment Business Redwood manages taxable and non-taxable equity investment portfolios, serves as an investment adviser to a collective investment trust and provides sub-advisory services to registered investment companies. The Redwood investment team invests each client’s portfolio in accordance with the client’s risk and return profile, the client’s investment guidelines (if any), and measured against a relevant benchmark. A client may impose restrictions on Redwood’s discretionary authority to invest in certain securities or types of securities. Redwood maintains documentation related to investment restrictions and/or limitations imposed by the client. Redwood’s investment strategies invest in a range of small to large capitalization securities encompassing growth and value securities. Further details about Redwood’s portfolio strategies are provided in Item 8. Portfolio Manager to Wrap-Fee Program Redwood has entered into an agreement with a Wrap Program Sponsor. These are sub-advisory relationships where the Program Sponsor provides investment supervisory services to its Clients, including making recommendations concerning an investment sub-adviser to render certain investment advice with respect to a Client’s portfolio. The Client pays the Wrap Program Sponsor a wrap fee. The Client enters into an agreement with the Program Sponsor and the Program Sponsor has a separate master agreement with Redwood. For Wrap Program accounts, Redwood can choose to effect transactions through other broker-

dealers in order to seek to obtain the best execution for each Client Account. We manage the Wrap Program accounts on a discretionary basis. Redwood receives a portion of the wrap fee from the Wrap Program Sponsor as an investment sub- adviser to these programs. In these relationships, Redwood does not have direct contact with the underlying client. Redwood manages these accounts in the same manner as our non-wrap accounts managed in the same strategy. The management styles offered by Redwood to Client participants in these wrap- fee programs may vary among the different programs. Sub-Advisory Services Redwood serves as sub-adviser to both affiliated and unaffiliated U.S. registered investment companies (“Mutual Funds”) per the terms of written Sub-Advisory Investment Management Agreements. Redwood also serves as a sub-adviser to a European fund. For these accounts, Redwood performs portfolio management of these pooled vehicles (or a portion of these funds) under the provisions and requirements of the advisory agreement with the registered funds’ Trust or Investment Company manager. Collective Investment Trust Redwood serves as an investment manager for a collective investment trust called the “Redwood Investments Collective Investment Trust” (the “Redwood CIT”). The Redwood CIT was created by Alta Trust, a South Dakota state chartered trust company that provides retirement plan services to plan sponsors throughout the United States. Redwood is the “Investment Manager” as that term is defined in Section 3(38) of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, with respect to the Redwood CIT and any plan investing in any trust. Only certain qualified retirement plans may invest in the Redwood CIT; it is not available to the general public. For additional information about the Redwood CIT, please contact us at (212) 806-8800. Client Assets Under Management The firm earns its revenue from management fees paid by clients. Additional details about management fees are discussed in Item 5. Independent custodians, broker dealers, and/or banks hold clients’ assets. Redwood’s preferred custodian is Charles Schwab & Co., Inc., but clients choose their own custodian. As of December 31, 2023, Redwood had $1,694,451,840 in discretionary assets under management for clients.