APG Asset Management US Inc.

APG US has been providing investment advisory services since 1998. APG US is a subsidiary of APG Asset Management N.V. (“APG NL”), an investment adviser located in the Netherlands. APG NL is a wholly owned subsidiary of APG Groep NV, which is itself wholly owned by Stichting Pensioenfonds ABP (“ABP”), the pension fund for Dutch government employees and other civil service employees. APG NL provides investment advisory services to ABP and other non-US pension funds directly and/or through the Dutch pension funds’ participation in various “fondsen voor gemene rekening” (funds for the joint account of the participants and referred to herein as, “FGRs”) or separately managed accounts sponsored and controlled by APG NL. APG US provides investment advisory services to APG NL with respect to (i) fixed income instruments, (ii) publicly traded real estate securities, (iii) listed equities and (iv) real estate, infrastructure, hedge funds, private equity, natural resources and other alternative investments structured as private investments. APG US’s investment advice is tailored to each portfolio’s investment objectives as set forth in client-approved investment guidelines. APG US may invest in any products approved by APG NL for the respective portfolios advised by either APG US or APG NL. APG NL may impose restrictions on investing in certain securities or types of securities and requires that certain investments be approved by APG NL’s Committee for Investment Proposals (CIP). APG US does not participate in wrap fee programs. As of December 31, 2025, APG US managed regulatory assets of $53,964,805,343 on a discretionary basis and $87,361,504,518 on a nondiscretionary basis. This adds up to a total of $141,326,309,861. APG US provides investment advisory services exclusively to APG NL. APG US is not seeking or accepting new clients.

APG US does not have a fee schedule because it only provides investment advisory and administrative services to its parent company. Fees are negotiated annually to reflect reimbursement of costs plus a mark-up determined on an arm’s-length basis for transfer pricing purposes. The annual fee is billed directly to the client in arrears, generally in monthly installments. APG US’s fees are exclusive of third-party brokerage commissions, research fees, transaction fees, and other related costs and expenses which are incurred by ABP, certain separately managed accounts or FGRs. Clients may incur certain charges imposed by custodians, brokers, and other third parties, such as fees charged by managers, custodial fees,

transaction costs, legal fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Private funds, mutual funds and exchange-traded funds also charge internal management fees, which are disclosed in a fund’s prospectus or private placement memorandum. Such charges, fees, and commissions are exclusive of and in addition to APG US’s fee, and APG US does not receive any portion of these commissions, fees, and costs. Item 12 further describes the factors that APG US considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation (e.g., commissions).

NY Global Trading Desk APG US provides trading services with respect to orders placed by portfolio managers of APG US and its affiliates. The trading desk primarily focuses on fixed income and equity products. Fixed Income Portfolios APG NL provides fixed income portfolios through an Investment Grade strategy and a High Yield strategy. Investments are allocated to FGR and separate accounts, pursuant to APG US’s Allocation Policy (the “Allocation Policy”) described below. Investment Grade Strategy The Investment Grade strategy uses macroeconomic analysis, credit analysis, and valuation analysis to form the basis for investment decisions. Collectively, the portfolio management group evaluates whether interest rates and yield spreads provide attractive returns, based on an internal assessment of macroeconomics, historical relationships, and market conditions. The overall level of risk in the portfolio is set accordingly. Through credit research, analysts measure the health of balance sheets, cash flow, and deal structure to

assess default and event risk; and through valuation analysis, portfolio managers gauge whether potential investments adequately compensate for prepayment risk, credit risk, interest rate volatility, and/or changes in market liquidity. In a portfolio context, bottom-up issue selection is combined with top-down duration management and sector allocation in a disciplined, quantifiable, and reproducible manner. As APG US invests in a broad spectrum of fixed income sectors that convey different risks, diversification of return and alpha sources are essential elements of the investment process. Exchange-Traded Funds as well as derivative transactions, including credit default swaps, may be used for hedging purposes or efficient portfolio management. High Yield The High Yield strategy uses intensive credit analysis, valuation analysis, industry analysis, and macroeconomic analysis to form the basis for investment decisions. A team of credit analysts measures the health of issuers’ balance sheets, cash flows, and deal structures to assess potential default and event risk. Through valuation analysis, portfolio managers gauge whether potential investments adequately compensate for credit risk. Portfolio managers create a diversified portfolio by combining this bottom-up issue selection with a top-down industry allocation. Appropriate industry weightings are determined in conjunction with internal research and assessment of macroeconomic trends. Exchange Traded Funds as well as derivative transactions, including credit default swaps, may be used for hedging purposes or efficient portfolio management. Alternative Credit The Alternative Credits strategy is designed to provide access to a diversified portfolio of mostly illiquid private credit investments, primarily in the US and Europe. Its objective is to achieve an attractive return, relative to public market credit opportunities, which adequately compensates for potentially higher credit risk, illiquidity, and complexity. Investments generally range from private (non-listed) debt exposures to fund investments with external managers typically across the following strategies: Specialty Finance, Direct Lending, Nonperforming Loans, Distressed Debt & Special Situations, and Alpha-driven credit. The analysis and selection of investments and external funds is accomplished by APG’s Alternative Credits team with the goal of constructing a diversified portfolio of potential return drivers. The team utilizes a bottom-up, opportunity-driven, investment process with a buy-and-hold approach allowing for longer investment horizons. All investments are made pursuant to the Allocation Policy, which, among other items, states the following: APG US determines allocation of investment opportunities among its investment accounts on a pre-trade basis in a fair and equitable manner, as determined by APG US in its sole discretion, and in accordance with the relevant objectives, restrictions, investment strategy, asset

allocation and benchmarks of each account, as provided in such accounts’ governing documents. If APG US determines in its sole discretion that a particular investment opportunity falls within the investment objectives of two or more accounts, APG US will determine the allocation of the opportunity between or among such accounts on a basis that APG US determines is fair and reasonable, taking into consideration all relevant factors, including, but not limited to:

Suitability for an account and its investment strategy; Account specific restrictions; Account specific composition (including, with respect to accounts investing all or a portion of their assets in fixed income securities and related instruments, relative ratings quality, maturity, industry, issuer, and other allocation targets); diversification limitations (including the actual, relative or potential exposure of an account to the type of investment opportunity in terms of existing portfolio); tax and accounting implications and considerations; expected holding period for and liquidity of the investment; available cash and/or cash flow considerations; transaction size relative to minimum investment size requirements; whether an investment opportunity requires additional consents or authorizations from an account, investor or other third party; legal, contractual or regulatory constraints; commencement dates of Accounts; any other relevant limitations imposed by, or conditions set forth in the applicable offering and governing documents of an account; and other factors deemed relevant by APG US Legal or Compliance.

APG US will not favor or disfavor, consistently or knowingly, any account in relation to any other account. Further, APG US will not allocate investment opportunities based, in whole or in part, on (i) the relative fee structure or amount of fees paid by any account, (ii) the profitability of any account, or (iii) any person’s interest in offering or participating in co-investment opportunities outside of any account. Investing in fixed income securities involves risk of loss that clients should be prepared to bear. The material risks involved in the fixed income strategies and security types employed including.:

a. Systemic Risk – The risk that the value of investments may decline because of economic changes or other events that affect large portions of the market. This includes changes in interest rates, inflation expectations, credit spreads, liquidity, and market volatility. b. Idiosyncratic Risk – The risk that an individual security underperforms relative to the market. c. Counterparty Risk – The risk that a counterparty to a transaction fails to meet its obligations under a mutually negotiated contract. d. Operational Risk – The risk of loss occurring due to inadequacies in the firm’s operations, controls, or procedures. e. Inflation Risk – The risk that the cash flows from investments may be worth less than expected due to changes in the rate of inflation. f. Prepayment Risk – The risk that the repayment of principal and future cash flows of an obligation are accelerated to avoid an obligor paying a higher interest rate. g. Liquidity Risk – The risk that a ready market for an asset is not deep enough, or an asset cannot be traded quickly enough to avoid a loss or achieve an expected profit. h. Currency Risk – The risk that returns on investments outside the US could be affected by currency fluctuations or that investments hedged back to funding currencies could be affected by large currency pairs fluctuations. Listed Real Estate Portfolios The Listed Real Estate strategy uses fundamental analysis to form the basis for investment decisions. The investible universe includes listed equity real estate securities, commonly known as real estate investment trusts (“REITs”) and/or real estate operating companies (“REOCs”) with assets located in the Americas. The portfolio management team analyzes economic, real estate market, and capital market trends, as well as fund flows, and surveys the investible universe (as defined by investment guidelines) to identify companies to examine in greater detail. The portfolio management team visits companies and markets regularly to conduct site tours of assets and better understand local real estate dynamics, and also considers the input of industry sources and third-party research providers to obtain independent and unbiased opinions about the companies under consideration, real estate markets, and the economy. Valuation methods employed include, but are not limited to, net asset value (NAV), price-to-cash-flow multiples, discounted cash flow and price to replacement cost. The portfolio management team derives conclusions about regional, property sector, and company-specific investments. Investing in listed real estate securities involves risk of loss that APG US’s client should be prepared to bear. The material risks involved in this strategy include:

a. Market Risk – The risk that the value of investments may decline because of economic changes or other events that affect large portions of the market. b. Issuer (Unsystematic) Risk – The company or industry specific risk that is inherent in each investment. The amount of unsystematic risk may be reduced through appropriate diversification. c. Counterparty Risk – The risk that a counterparty to a transaction fails to meet its obligations under a mutually negotiated contract. d. Operational Risk – The risk of loss occurring due to inadequacies in the firm’s operations, controls, and procedures. Private Real Estate Portfolios The Private Real Estate investment strategy uses quantitative analysis, which relies upon objective analysis of market conditions and asset valuation and underwriting, in addition to fundamental research, to form the basis for evaluating investment opportunities. This qualitative analysis is coupled with in-depth qualitative analysis during the due diligence on prospective investment managers. This process includes underwriting the investment managers’ historical track record, investment expertise, and operational proficiency to evaluate an investment manager’s competency in the stated investment strategy, as well as complicated governance structures and reporting requirements. The portfolio management team identifies investment opportunities and seeks to manage risk by investing in a portfolio that is well diversified over sectors, markets, management styles, and investment partners. Investments can be made via equity and debt through companies, funds, joint ventures, and/or co-investments. Generally, there will be a strong focus on core investments meant to deliver income and growth from stabilized institutionalquality real estate; however, there can be additional investment strategies that are more opportunistic in nature and employ a greater level of financial and/or operational risk (e.g. higher leverage, ground-up development). Substantially all proposed private real estate investments are subject to approval by the APG NL CIP. Investing in private real estate strategies involves risk of loss that APG US’s client should be prepared to bear. The material risks involved in this strategy include: a. Liquidity Risk – Private real estate investments are illiquid due to the complexities, transaction costs, and time horizons associated with trading assets or portfolios. There is a secondary market, but each secondary transaction is privately negotiated and, hence, not an efficient market place for trading positions. b. Credit Risk – The risk that tenants default on their lease obligations, by failing to make rental payments in a timely manner.

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APG US provides investment advisory services exclusively to its parent company, APG NL. APG NL provides investment advisory services to ABP, non-US pension funds, and FGRs sponsored and controlled by APG NL and whose sole participants are Dutch pension funds.

APG US’s fee arrangements do not create side-by-side management conflicts between portfolios because APG US has only one client (APG NL) and charges an aggregate fee for all services provided. As set forth in Item 5, this fee is calculated on a “cost plus” basis and not based on a share of capital gains or capital appreciation of APG US’s client.

APG US provides investment advisory services exclusively to APG NL advised portfolios. APG US does not believe that this relationship creates a conflict of interests for APG NL or for APG NL advised portfolios.

APG US has adopted a Code of Ethics for all supervised persons of the firm describing its high standard of business conduct and fiduciary duty to its client. The Code of Ethics includes provisions relating to the treatment of Material Non-Public Information, the confidentiality of client information, a prohibition on insider trading, restrictions on the acceptance of significant gifts and the reporting of all gifts and business entertainment items, and personal securities trading procedures, among other things. The Code of Ethics (the “Code”) is designed to assure that the personal securities transactions, activities, and interests of the employees of APG US will not interfere with (i) making decisions in the best interest of APG US’s client and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Under the Code, certain classes of securities have been designated as exempt transactions, based upon a determination that these would not interfere materially with the best interest of APG US’s client. In addition, the Code requires pre-clearance of many transactions and generally prohibits parallel trading in securities held in firm accounts managed by APG US, with the exception of Treasury securities and Exchange Traded Funds, or if the supervised person is granted a written hardship waiver by the Chief Compliance Officer. Employee trading is continually monitored under the Code of Ethics to reasonably prevent and detect conflicts of interests between APG US and its client. All supervised persons at APG US must acknowledge the terms of the Code of Ethics, both within 10 days of hire and annually, or as necessary when material amendments to the Code are adopted. APG US’s client may request a copy of the Code of Ethics by contacting the firm’s Chief Compliance Officer, Evan Gordon. Certain affiliated accounts may trade in the same securities with client accounts on an aggregated basis when consistent with APG US’s obligation to seek best execution. Best execution is not limited solely to the consideration of the best available commission rate. In such circumstances, the affiliated and client accounts will share commission costs equally and receive securities at a total average price. APG US will retain records of the trade order (specifying each participating account) and its allocation, which will be completed prior to the entry of the aggregated order. Completed orders will be allocated as specified in the initial trade order. Partially filled orders will typically be allocated on a pro rata basis. Any exceptions will be explained on the order. Due to the fact that APG US is wholly owned by a Dutch pension fund (ABP) that has a significant ownership interest in most of the portfolios advised by APG US, it is very likely that APG US will also recommend or effect for other accounts the purchase or sale of securities in which ABP holds a direct or indirect interest, when consistent with investment guidelines and objectives. Similarly, APG US’s affiliates in the Netherlands are also likely to recommend or effect for other accounts the purchase or sale of securities in which ABP holds a direct or indirect interest.

It is APG US’s policy that the firm will not participate in any principal transactions unless in compliance with the Investment Advisers Act of 1940 (the “Advisers Act”) or guidance provided in SEC Division of Investment Management No-Action Letters. APG US’s affiliates in the Netherlands may participate in principal transactions in the Netherlands in compliance with applicable Dutch regulations. Principal transactions are generally defined as transactions where an adviser, acting as principal for its own account or the account of an affiliate, buys from or sells any security to any advisory client. A principal transaction may also be deemed to have occurred if a security is crossed between an affiliated hedge fund and another client account.

Factors Considered in Selecting or Recommending Broker-Dealers for Client Transactions Brokers are selected based on quantitative factors (price and/or commission rates) and qualitative factors such as execution capability, financial responsibility, reputation, responsiveness, value of research provided, and the ability to engage in block transactions with attendant volume discounts. Counterparty exposure limits may also be a factor in broker selection. Trades may only be executed through brokers on APG US’s approved broker list. Utilizing Third-Party Research APG NL is an Alternative Investment Funds Manager registered with the Netherlands Authority for Financial Markets (“AFM”). APG NL is further subject to the Markets in Financial Instruments Directives I & II (“MiFID”), which, among other mandates, requires APG NL and APG US, as its affiliate, to compensate broker-dealers with whom we trade for research services they provide to us. Payment is made pursuant to agreements we have entered into with such broker-dealers. Research services covered by the agreements include industry research, trading ideas, access to conferences and research calls, and management access. Brokerage for Client Referrals APG US does not receive client referrals from brokers. Directed Brokerage The client may direct APG US to use certain brokers or counterparties, in which case it is the client’s responsibility to evaluate such brokers or counterparties. APG US will seek to obtain best execution while complying with client instructions to the extent possible. Aggregation of Trades

APG US may aggregate portfolio trades if consistent with best execution, fair allocation and the needs of each portfolio participating in the aggregated trade.

APG US does not receive an economic benefit from anyone who is not a client as a result of services provided to the client. APG US does not compensate anyone directly or indirectly for client referrals.

Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to clients’ evaluation of the investment advisers or the integrity of the advisers’ management. APG US has no information applicable to this Item.

Portfolio Managers monitor liquid portfolios daily using reports generated by APG US’s trade order management or portfolio systems. Illiquid portfolios are reviewed on an ongoing basis as necessary. APG US communicates with its client frequently, often on a daily basis. In addition, APG US provides its client’s written monthly reports, which include performance and portfolio composition information.

APG US’s client funds and securities are held by Qualified Custodians pursuant to agreements negotiated by its client, APG NL. Accordingly, the client has full transparency of its holdings at any time. APG NL should carefully review account statements received from Qualified Custodians with respect to any account over which APG US may be deemed to have custody of client funds and securities.

Subject to certain limitations, with respect to publicly traded or liquid securities, APG US has discretionary authority to select the identity and amount of securities to be bought or sold. This discretion is constrained with respect to investments that require the approval of APG NL’s Capital Markets Investment Committee and certain OTC derivative transactions. With respect to illiquid investments in alternative strategies, APG US must, with certain exceptions, obtain the approval of the APG NL CIP to make acquisition and disposition decisions. APG US has discretionary authority over illiquid investments in alternative strategies below certain thresholds, as well as private equity co-investment and secondary investments that are below certain thresholds. APG US observes client approved investment policies, limitations and restrictions when selecting securities and/or determining investment amounts. Investment guidelines and restrictions are provided to APG US in writing.

APG NL has retained a proxy advisory firm to provide proxy voting advice and administration services in accordance with APG NL’s proxy voting policies. In the event that APG NL would seek advice from APG US regarding proxy voting, the relevant portfolio manager is required to provide such advice consistent with the best interests of the client. All advice regarding proxy voting must be documented and maintained for at least six years.

APG US does not require or solicit prepayment of fees. Registered investment advisers are required in this Item to provide you with certain financial information or disclosures about their financial condition. APG US has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to the client and has not been the subject of a bankruptcy proceeding.