Overview IFM Investors Pty Ltd formed in 2004 through the merger of IFS Private Capital Group and Development Australia Fund Management Limited (“DAF”), with IFM assuming full management and the trusteeship roles for all DAF products. DAF was established in 1990 by Australian superannuation funds to invest in growing Australian private and public companies and infrastructure assets and appointed IFS Private Capital Group as manager in 1995. As of the date of this Brochure, IFM is indirectly 100% owned by 17 Australian superannuation funds (the “Shareholders”). IFM is directly owned by IFM Holdings Pty Ltd, which is a wholly- owned subsidiary of Industry Super Holdings Pty Ltd. Industry Super Holdings Pty Ltd is owned by the 17 Shareholders, regulated by the Australian Prudential Regulation Authority. No single Shareholder owns greater than 25% or more of the shares of Industry Super Holdings Pty Ltd. Shareholders Industry Super Holdings Pty Ltd (Ultimate Holding Company) IFM Holdings Pty Ltd IFM Investors Pty Ltd (Master Advisor) 100% 100% 100% Advisory Services IFM provides advisory services to various clients organized as privately offered pooled investment vehicles (the “Funds”) and institutional clients that invest through separately managed accounts (“Managed Accounts”) (collectively, “Advisory Clients”). The operating companies in which we invest are generally referred to herein as “portfolio companies”. We have assets under management across four asset classes, with investments in listed equities, private equity, infrastructure and debt. We provide portfolio advisory services and manage client accounts and funds on both a discretionary and non-discretionary basis. Any limitation on our authority is described in an Advisory Client’s confidential offering memorandum, limited partnership agreement, investment management agreement and/or other governing documents (collectively, the “Governing Documents”) of each Fund and/or Managed Account. IFM has and may in the future enter into “side letters” or similar agreements with certain investors granting the investor certain rights, benefits, or privileges that are then generally made available to investors who have the same or a larger investment, subject to certain exceptions and limitations. Such agreements can include, among other items, provisions addressing investor notifications, or reporting, management fees and performance fees and specific legal or regulatory requirements

of an investor. Investors in the Funds (“Limited Partners”) have no authority to influence or change the Funds’ investment objectives or limitations nor do they have the authority to participate in the management of the Funds. Limited Partners generally have no right to remove or replace IFM as the Funds’ investment adviser. Limited Partners are advised to carefully read the Funds’ Governing Documents to understand the investment strategy and risks involved. Certain Funds are organized into master-feeder structures. In such structures, the feeder funds invest all or substantially all of their assets in the master fund, subject to certain structuring considerations for legal, tax, or regulatory purposes. For time to time, the Master Fund designates officers or employees of IFM to serve on the boards of directors of portfolio companies of the Funds. Such officers or employees have the right to receive compensation in connection with such services and roles. Managed Accounts IFM also provides advisory services to certain Managed Accounts. IFM generally has discretionary authority to supervise and direct the investments for each Managed Account, subject to each Managed Account’s investment management agreement. Managed Accounts impose investment restrictions and guidelines within the investment management agreements. Co-Investments IFM is permitted, but not required, to offer investors an opportunity to co-invest with the Funds depending on the capital requirements of the particular transaction. If such co-investments are offered to investors of the Funds, such offers will be made consistent with IFM’s internal policies and any applicable agreements (which may be amended from time to time). Applicability of the Advisers Act The principal place of business of IFM is outside of the United States. Thus, consistent with SEC statements, the substantive provisions of the Investment Advisers Act of 1940, as amended (the “Adviser Act”), generally do not apply to clients of IFM that are not U.S. persons, including non- US private funds.1 The information above about the investment advisory services provided by IFM is qualified in its entirety by reference to the Governing Documents. We had approximately US$142,357,107,950 in regulatory assets under management (“RAUM”) as of June 30, 2023. Of the RAUM, US$86,155,184,032 was managed on a discretionary basis and US$56,201,923,918 was managed on a non-discretionary basis.