FIRM DESCRIPTION Connor, Clark & Lunn Investment Management Ltd., (“CC&L”, “the Firm” or “the Manager”) is a discretionary asset manager registered as an investment adviser with the SEC under the U.S. Investment Advisers Act of 1940. CC&L was founded in 1982. Registration as an investment adviser does not imply a certain level of skill or training. As of the date of this Brochure, CC&L renders advisory services primarily to clients outside of the United States. Accordingly, the description of CC&L’s advisory business contained herein relates primarily to its business outside of the United States. However, consistent with prior SEC precedent, the substantive provisions of the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”) generally will not apply to CC&L’s relationship with its non-U.S. clients, except to the extent otherwise required by applicable law. PRINCIPAL OWNERS Connor, Clark & Lunn Investment Management Partnership (the “Partnership”) is the sole shareholder of CC&L. The partners of the Partnership are also directors and/or officers of CC&L. Connor, Clark & Lunn Financial Group LP is the only partner that holds greater than 25% of the Partnership. Connor, Clark & Lunn Financial Group LP is wholly owned by Connor, Clark & Lunn Financial Group Ltd (“CC&LFG”). TYPES OF ADVISORY SERVICES CC&L’s asset management services include: equity, fixed income, balanced and alternative solutions including portable alpha, market neutral and absolute return strategies. As of December 31, 2023, CC&L had U.S $46.2 billion in regulatory assets under management. CC&L also offers its asset management services to certain financial institutions and dealers which operate managed account platforms where the financial institution or dealer will implement model portfolios provided by CC&L in their client accounts. In these instances, CC&L provides a portfolio model to the client on a regular basis and is not responsible for the execution of trades or the ongoing monitoring of the underlying portfolios. As a result, these assets are not included in the regulatory assets under management. TAILORED RELATIONSHIPS CC&L acts as a discretionary investment adviser to various collective investment vehicles, including private investment funds, in which the fund’s investment strategy may not

be customizable. In addition to managing collective investment vehicles (the “CC&L Funds”), CC&L also offers discretionary advisory services to managed accounts (the “Client Accounts”), which may be owned by private investment funds sponsored by third party or affiliated advisers or other clients. The goals and objectives for each client are documented in our client relationship management system. The terms, nature and scope of such Firm Brochure 6 advisory services may be negotiated by CC&L and the applicable client, based on the client’s specific financial and investment objectives, risks and goals. Agreements may not be assigned, other than in some cases to an affiliate of CC&L, without client consent. WRAP FEE PROGRAMS CC&L participates as a model portfolio provider to wrap fee managed account programs sponsored by third-party financial institutions that is not affiliated with the Firm. In these cases, CC&L provides a model portfolio to the third-party financial institution on a regular basis, and such financial institution will implement the model portfolio for client accounts participating in the program. CC&L does not accept discretion over, and is not responsible for executing trades in, the client accounts participating in such wrap fee managed account programs. CC&L is compensated for its services to such wrap fee program clients with a fee based on the amount of assets of clients participating in the program that are invested according to the model the Firm delivers. TYPES OF AGREEMENTS The following agreements define the typical client relationships. INVESTMENT MANAGEMENT AGREEMENT OR MANAGED ACCOUNT AGREEMENT An Investment Management Agreement or Managed Account Agreement is executed between CC&L and its clients. The annual fee for an Investment Management Agreement or Managed Account Agreement is negotiable, and depends on the investment mandate for which CC&L is retained. TERMINATION OF AGREEMENT A Client may terminate any of the aforementioned agreements at any time by notifying CC&L in writing. If the client made an advance payment, CC&L will refund any unearned portion of the advance payment. CC&L may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, CC&L will refund any unearned portion of the advance payment.