A. General Description of Advisory Firm Kopernik is an employee-owned investment adviser focused on global equity investing. Kopernik provides investment advisory services to individual and institutional clients on a discretionary and non- discretionary basis. The Firm, a Delaware limited liability company, was founded by David Iben. Mr. Iben serves as the managing member, Chief Investment Officer and Lead Portfolio Manager of the Firm. Previously, he headed the Global Value investment team at Vinik Asset Management, L.P. Mr. Iben formerly served as Chief Investment Officer, Co-President and lead portfolio manager of Tradewinds Global Investors, LLC, a subsidiary of Nuveen Investments. Kopernik commenced investment operations on July 1, 2013, and is based in Tampa, Florida. Kopernik’s principal owner is Kopernik Holdings, LLC. Mr. Iben is the principal owner of Kopernik Holdings, LLC. Kopernik is organized to ensure a culture of client success. In an effort to ensure alignment with our clients, our senior professionals have meaningful investment in our investment funds, most employees have some investment in our funds, we are 100% employee-owned (through Kopernik Holdings, LLC), most of our employees have an ownership stake, and all employees are eligible to participate in the success of Kopernik. As of January 31, 2024, Kopernik managed over $5.49 billion in regulatory assets under management. In addition to the regulatory assets under management listed above, Kopernik advised an additional $352.96 million in advisory only services assets (please refer to Item 4.B. for a description of advisory only services). B. Description of Advisory Services Kopernik implements its global investment strategies through an active, fundamentals-based, value- oriented process. Kopernik’s investment discipline seeks to identify potential investments that trade at significant discounts to their intrinsic value (as determined by Kopernik’s analysis). For investment strategies that permit short positions, Kopernik will short securities of companies that Kopernik believes are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values (as determined by Kopernik’s analysis). Kopernik typically invests in equity securities, with large, mid- or small capitalizations, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. Kopernik invests in securities issued by companies domiciled in developed markets as well as emerging and frontier markets. For additional information regarding Kopernik’s investment strategies, please refer to Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss. Kopernik provides investment advisory services to three main types of clients: (i) registered investment companies, (ii) institutional asset management clients: separately managed accounts, unregistered investment companies, a bank collective investment trust, and other collective investment vehicles, and (iii) other advisors (on a sub-advisory basis). Kopernik offers separately managed accounts to pension plans, charitable organizations, educational institutions, high net worth individuals, trusts, estates, corporations and other business entities, banks and thrift institutions, insurance companies, foreign sovereigns and domestic governmental entities. For additional information regarding Kopernik’s clients, please refer to Item 7 - Types of Clients. Kopernik’s investment decisions and advice with respect to each investment vehicle (“Fund”) or account it manages are subject to that Fund’s or account’s investment objectives and guidelines, as set forth in its offering documents or investment management agreement. Services for Registered Investment Companies Subject to the supervision of each client’s board of directors or trustees, Kopernik provides management and certain related administrative services necessary for the operation of registered investment company clients, including Kopernik Global All-Cap Fund and Kopernik International Fund. Kopernik’s responsibilities include, without limitation, investment advisory services, research services, recommending and placing of orders for the purchase and sale of securities for registered investment company client portfolios (based

on the investment objectives and guidelines of each client), working with custodians, transfer and pricing agents, accountants, auditors, underwriters and other persons, and furnishing reports, evaluations and analysis on a variety of subjects. Institutional Asset Management Services Kopernik provides asset management and related services to the institutional market. Kopernik manages separately managed accounts for institutional investors, unregistered investment funds and other collective investment vehicles. The strategies, policies, and procedures governing these accounts and collective investment vehicles are generally similar, but not necessarily identical, to those of Kopernik’s registered investment company clients. Kopernik currently provides investment advisory services to a number of privately-offered unregistered investment funds (collectively, the “Kopernik Private Funds”). Securities of the Kopernik Private Funds are offered to eligible investors exclusively on a private placement basis. The Kopernik Private Funds include the following open-end funds: Kopernik Global All-Cap Fund, LP and Kopernik Global Unconstrained Fund, LP, which are both Delaware limited partnerships, and Kopernik Global All-Cap Offshore Fund, Ltd. and Kopernik Global Unconstrained Offshore Fund, Ltd., which are Cayman Islands exempted companies. Kopernik Global All-Cap Fund, LP and Kopernik Global All- Cap Offshore Fund, Ltd. invest in Kopernik Global All-Cap Master Fund, LP. Similarly, Kopernik Global Unconstrained Fund, LP and Kopernik Global Unconstrained Offshore Fund, Ltd. invest in Kopernik Global Unconstrained Master Fund, LP. In addition, Kopernik advises the Kopernik Global Long-Term Opportunities Fund, LP, which is organized as a Guernsey limited partnership and Kopernik Global Long-Term Opportunities Fund, Limited, a Guernsey Non-Cellular Company, which invests in Kopernik Global Long-Term Opportunities Fund, LP. Kopernik provides investment advisory services to funds in the Kopernik Global Collective Investment Trust (collectively, the “CITs”) including the Kopernik Global All-Cap CIT and Kopernik International CIT, which are available only to certain eligible plans and exempt from registration under the Investment Company Act of 1940. The portfolios are offered by SEI Trust Company, the trustee, based on investment advice of Kopernik, the trust investment adviser. Sub-Advisory Services Kopernik provides sub-advisory services to other investment advisers, which may include those located outside the United States and those with large sub-advisory fund platforms. The strategies and policies and procedures governing these mandates are currently similar to those of Kopernik’s Global All-Cap Strategy. Kopernik also acts as sub-adviser to Kopernik Global All-Cap Equity Fund (the “UCITS”), a sub-fund (portfolio) of Heptagon Fund ICAV, which is an investment company operating pursuant to the European Union’s UCITS (Undertakings for Collective Investment in Transferable Securities) Regulations. Advisory Only Services Kopernik provides advisory only services whereby Kopernik delivers to a third party model investment portfolios where Kopernik provides a list of recommended investments and weightings for consideration by the client. Kopernik is not responsible for arranging or effecting the purchase or sale of the recommended investments and model weightings, nor does Kopernik control the implementation of investment decisions. C. Availability of Customized Services for Clients For separately managed accounts, Kopernik tailors its investment advisory services to the specific needs of clients. A client may select an investment strategy with existing, standard investment guidelines and request reasonable restrictions on the management of its account. If Kopernik agrees to those restrictions, it will manage the account in accordance with the revised investment guidelines. Kopernik will not be able to accommodate proposed investment restrictions that are onerous or incompatible with Kopernik’s standard investment strategies and investment philosophy, and Kopernik may decline to accept or terminate client accounts with such restrictions. D. Wrap Fee Programs Not Applicable. Kopernik does not participate in any wrap fee programs.