As the U.S. retail distribution arm of Affiliated Managers Group, Inc. (“AMG”), AMGF is an investment advisory firm offering a range of investment solutions. AMG is a publicly traded asset management company (NYSE: AMG) with equity investments in boutique investment management firms (“AMG Affiliates”). Investment solutions offered by AMGF include the AMG Funds complex of funds (the “Funds”), which includes the AMG Funds family of mutual funds (the “Mutual Funds”) as well as the AMG Pantheon Fund, LLC, AMG Pantheon Master Fund, LLC, AMG Pantheon Subsidiary Fund, LLC, and AMG Pantheon Lead Fund, LLC (the “AMG Pantheon Funds”) and a private business development company managed by one of our Affiliates (the “BDC”), and other investment strategies managed by AMG Affiliates. AMGF does business as AMG Wealth. AMGF is the Investment Manager, Sponsor and Administrator of the Mutual Funds and the Sponsor and Administrator to the AMG Pantheon Funds and the BDC, which are offered to qualified investors. Through the Funds, AMGF provides services to a wide array of fund shareholders, including high-net-worth individuals, corporate pension and profit sharing plans, public pension plans, charitable institutions, foundations, endowments and 401(k) sponsors and plan investors. Investors wishing to utilize AMGF’s services may do so through financial consultants, registered investment advisers, and other financial intermediaries, or directly with the Funds. AMGF currently has approximately 90 employees located both in its Stamford, CT office and remotely. Assets Under Management As of December 31, 2023, AMGF managed approximately $21.15 billion in client assets. More detailed information on assets under management is included in our Form ADV Part 1A – Item 5.F. Principal Ownership As described above, AMGF is a wholly owned subsidiary and the U.S. retail distribution arm of AMG. Further information regarding AMG and AMG Affiliates can be found in Item 10 – Other Financial Industry Activities and Affiliations. Advisory Services – Funds As described above, AMGF serves as the Investment Manager, Sponsor and Administrator to the Mutual Funds, as well as serving as Sponsor and Administrator of the AMG Pantheon Funds and the BDC. Each of the Funds is a registered investment company under the Investment Company Act of 1940. Each Fund has different investment objectives, policies and restrictions that are set forth in the Fund’s registration statement. AMGF acts as the Investment Manager to each of the Mutual Funds pursuant to the terms of an investment advisory agreement. As Investment Manager, AMGF oversees the provision of all general management, investment advisory and portfolio management services for the Mutual Funds. For the AMG Pantheon Funds, Pantheon Ventures (US) LP, an AMG Affiliate, serves as the investment adviser, with AMGF serving as the Sponsor and Administrator, as described above. For the BDC, an AMG Affiliate serves as the investment adviser, with AMGF serving as the Sponsor and Administrator, as described above. AMGF is responsible for selecting AMG Affiliates to act as subadvisers (“Subadvisers”) for the Mutual Funds. The Mutual Funds are designed to offer actively managed, return oriented investment strategies. To that end, AMGF provides access to many AMG Affiliates through its Mutual Funds. AMGF generally does not research or select the specific portfolio securities purchased by the Mutual Funds. Each Subadviser has discretion to purchase and sell portfolio securities for the portion of a Mutual Fund that it manages within the parameters of the Mutual Fund’s objectives, policies and restrictions. Although the Subadvisers’ activities are subject to AMGF’s general oversight, the Firm does not evaluate the investment merits of the Subadvisers’ individual investment selections. AMGF reviews the overall structuring of each Mutual Fund’s portfolio, monitors the performance of the Subadvisers and monitors their portfolio security selections for compliance with the Mutual Fund’s investment objectives, policies and restrictions, as well as regulatory requirements. AMGF’s

principal sources of information for evaluating Subadvisers include the qualitative and quantitative materials prepared by in-house research analysts, as well as information and assistance provided by independent third parties. These materials are based on in-person meetings and other communications with Subadvisers; computer databases concerning investment results of Subadvisers obtained by AMGF; reviews of publicly available information contained in the financial press and other sources; Subadviser-prepared information; and research and statistical materials prepared by other third parties. AMGF monitors all of the Mutual Funds’ Subadvisers through an ongoing quantitative and qualitative evaluation of each Subadviser’s skills in managing assets subject to specific investment styles and strategies and periodically reports its findings to the Mutual Funds’ Board of Trustees. Any recommendation by AMGF to hire or terminate a Subadviser for the Mutual Funds is subject to the approval of the Mutual Funds’ Board of Trustees. Additionally, the SEC has provided the Mutual Funds an exemptive order generally permitting AMGF, on behalf of certain Mutual Funds, to hire new unaffiliated Subadvisers for such Mutual Funds, and, on behalf of certain other Mutual Funds, to hire new unaffiliated or affiliated Subadvisers for such Mutual Funds, in each case without prior shareholder approval and subject to shareholder notification within 90 days of the hiring of such Subadviser. In addition, subject to approval by the SEC of an amendment to the Mutual Funds’ exemptive order, certain Funds may disclose fees paid to Subadvisers on an aggregate, rather than individual, basis. Currently, all of the Subadvisers are AMG Affiliates. Additional information regarding the activities and operations of the Funds is described in each Fund’s Prospectus and Statement of Additional Information (“SAI”), available on AMGF’s website at wealth.amg.com. Other Services In addition to the advisory services provided by AMGF, the Firm has servicing agreements with certain AMG Affiliates, under which AMGF provides non-discretionary support services, such as marketing and client services, to support the investment adviser’s provision of advisory services through sponsored programs, including wrap programs and limited administrative support. AMGF is paid a fee by these investment advisers for these servicing agreements. AMGF may also compensate certain AMG Affiliates that serve as Subadvisers to the Mutual Funds, from its assets, for portfolio marketing support, client and intermediary relationship support and other services as agreed upon from time to time. AMGF also has entered into agreements with certain AMG Affiliates, under which AMGF provides consulting and marketing services with respect to the marketing of the AMG Affiliates’ advisory services to sponsors of subadvised funds, institutional clients, or other platforms. AMGF receives a fee from the AMG Affiliate if the Affiliate is engaged as a result of these services. AMGF is the sole shareholder in AMG Distributors, Inc. (“AMGDI”), a broker-dealer that serves as the distributor of the Funds, the distributor of certain mutual funds sponsored by AMG Affiliates, and the marketing agent for certain private funds sponsored by AMG Affiliates. AMGF and AMGDI provide administrative, marketing and distribution support service to the AMG Affiliates for the servicing or distribution of their funds through various distribution platforms, with AMGF and/or AMGDI being compensated by these AMG Affiliates for these services. In addition, certain employees of AMGF and other AMG Affiliates that serve as subadvisers to the Funds or advisers to the other funds described above are registered representatives of AMGDI. As noted above, AMGF serves as the Administrator for the AMG Pantheon Funds and the BDC. As Administrator, AMGF performs certain administrative, accounting, and investor services. In consideration for these services, the AMG Pantheon Funds and the BDC pay AMGF, as the Administrator, a fee based on the average net assets of the respective funds.