COATUE MANAGEMENT LLC

Our Firm Coatue Management, L.L.C. (“Coatue Management”) is a Delaware limited liability company, with its principal place of business in New York, New York, that was founded in December 1999 by Philippe P. Laffont. Coatue Management provides investment advisory services primarily on a discretionary basis to its clients, including U.S. and non-U.S. private investment funds intended for sophisticated investors and institutional investors (each a “Fund”, and collectively, the “Funds”) and Coatue Innovative Strategies Fund (“CTEK”), an investment company registered under the Investment Company Act of 1940 (the “1940 Act”). The sole owner of Coatue Management is Coatue Management Partners LP, a Delaware limited partnership, for which Coatue Management Partners GP LLC, a Delaware limited liability company, serves as general partner. Mr. Laffont is the principal owner of both Coatue Management Partners LP and Coatue Management Partners GP LLC. He also serves as the managing member of Coatue Management Partners GP LLC. Mr. Laffont has overall responsibility for the structuring of Clients’ investment portfolios, the generation of investment strategies and the implementation of all portfolio transactions. In certain instances, Mr. Laffont has and expects in the future to authorize one or more senior investment professionals to place orders to effectuate his investment strategy for the Funds. In addition, on a limited basis, Mr. Laffont has authorized one or more senior investment professionals to make discretionary investments for certain Funds as part of Coatue’s process to develop new investment ideas for the portfolio or similar purposes, subject to the overall supervision of Mr. Laffont. As of December 31, 2025, Coatue Management managed approximately $73,172,093,660 of net assets for its clients on a discretionary basis. 1 Advisory Services Coatue Management’s clients make (i) Public Investments (as defined below), (ii) Private Investments (as defined below), and (iii) both Public Investments and Private Investments. Such clients pursue investment strategies primarily focused on: (a) publicly-traded companies in the public markets (the “Hedge Fund Strategy”), (b) investments in growth, mid- to late-stage and in some instances, early stage, private companies (the “Growth Strategy”), (c) venture-focused early stage private market companies (the “Venture Strategy”), (d) investment opportunities related to structured capital solutions in publicly listed companies and privately-held companies (the “Tactical Solutions Strategy”), (e) public only and public and private company investments across all stages within specific sectors of focus (the “Sector-Focused Strategy”), and (f) with respect to CTEK, investments in both publicly traded securities in the public markets and private investments which are generally expected to include growth equity investments (e.g., equity investments in private companies with potentially large addressable markets that can support large valuations over time, which the Investment Manager defines as markets with significant revenue potential, robust customer demand and growth opportunities driven by innovation or secular trends) and structured

As of December 31, 2025, Coatue Management managed one client account on a non-discretionary basis in connection with a private investment, however, Coatue does not have any regulatory AUM attributable to such client.

investments (e.g., equity and equity-linked investments that may have debt-like contractual or structural components). Furthermore, certain clients are required to fully fund all capital contributions, while other clients make commitments to contribute capital over time, for which Coatue Management has sole discretion to deploy such capital, including with respect to certain clients’ that will only invest in other Funds managed by Coatue Management. Certain Funds managed pursuant to the Hedge Fund Strategy also make Private Investments. Coatue Management also manages co-investment funds, single asset SPVs, funds of one, including funds of one that may solely invest through co-investment funds managed by Coatue Management, and certain other investment vehicles or entities, including on a limited basis (primarily for tax and regulatory reasons) separate accounts for institutional investors related to private investments. Certain funds of one established for institutional investors that participate in co-investments do so on an “opt-in” basis where the investor determines whether to participate in a particular coinvestment opportunity. Where appropriate under the circumstances, Coatue Management also expects to serve as investment adviser to additional accounts, products or private investment funds in the future, including funds of one and other pooled investment vehicles and expects to serve as an investment adviser to a registered investment company, as well. Coatue Management has also established affiliated entities to serve as general partners of the Funds. Where appropriate under the circumstances, Coatue Management has in the past, and expects in the future, to create parallel investment vehicles (and any related entities, as applicable) in order to facilitate investments with different tax, regulatory or other applicable circumstances, including, but not limited to co-investments. Such other vehicles may have structures and terms that differ from those of the other Funds as set forth in the governing documents of each such vehicle. In addition, in circumstances where a direct private investment by one of the Funds may result in adverse legal, tax, regulatory or other consequences, Coatue Management has in the past established, or caused to be established, and in the future expects to establish, certain alternative investment vehicles (and any related entities, as applicable) through which the Funds may participate in such investment. The term “Client” used in this Brochure refers to the Funds collectively, CTEK and any other clients managed by Coatue Management as of the date of this Brochure, including any coinvestment vehicles and funds of one that are established for a single investor. Investment Strategy and Types of Investments Coatue Management invests in U.S. and non-U.S. publicly traded equity securities and equityrelated securities, such as equity swaps and options (purchased or written), and other securities and financial instruments, including, but not limited to, sovereign debt, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, private investments in public equity (“PIPEs”), futures contracts, commodities, swaps and other derivative instruments and partnership interests, on behalf of Clients (“Public Investments”). Coatue Management also invests in U.S. and non-U.S. private investments on behalf of certain Clients (“Private Investments”). In addition to the above types of securities, certain Clients of Coatue Management invest in digital assets. Coatue Management concentrates largely on certain sectors, including the

global technology, media, telecommunications, and some energy, healthcare, healthcare technology, life sciences and consumer and retail sectors. Within these sectors, Coatue Management generally focuses on companies related to the mobile internet, fintech and financial services, software, digital entertainment and commerce, cloud computing, machine learning, artificial intelligence (including sectors that may directly or indirectly otherwise benefit from artificial intelligence tailwinds), robotics, disruptive transportation, semiconductors and related technologies, data centers, data center power providers, logistics and infrastructure (including electric vehicles and related technologies), mobile gaming, user-generated content and aspects of the sharing economy and global internet sectors, among others. Coatue Management has, and in the future expects to, make investments for certain Clients outside of these core sectors, particularly in the context of short positions established in connection with certain Funds managed pursuant to the Hedge Fund Strategy. Coatue Management has in the past and expects in the future to invest across multiple geographies, including, but not limited to, Europe, the Middle East, and Asia (including without limitation, China, to the extent consistent with applicable law, India, Korea and Japan). Coatue Management’s investment approach is primarily based on fundamental research; all Clients rely primarily on fundamental research and an overall long-term investment horizon. As noted above, the Hedge Fund Strategy focuses on Public Investments, while certain other Clients, including those Funds managed pursuant to the Growth Strategy and the Venture Strategy, focus on Private Investments. Notwithstanding the foregoing, certain Funds managed pursuant to the Hedge Fund Strategy also invest a portion of their assets in Private Investments. Additionally, certain of the Funds managed pursuant to the Sector-Focused Strategy and the Tactical Solutions Strategy invest in both Public Investments and Private Investments. CTEK’s investment strategy is described in its Prospectus, but as described above will invest in both Public Investments and Private Investments (to the extent permissible and consistent with the requirements of the 1940 Act and any restrictions included in the Prospectus). Coatue Management generally has established risk and portfolio management targets and guidelines for the accounts it manages, however, Coatue Management has broad and flexible investment authority, including the discretion to invest in various financial instruments and securities. Coatue Management has previously deviated, and expects in the future to deviate, from established targets and guidelines when it deems prudent to do so, including in certain instances when Coatue Management believes that it is prudent to increase the levels of cash in a particular client’s portfolio. For defensive purposes, which may be for extended periods of time, or risk and liquidity management reasons, a Client may hold a substantially higher amount of liquid investments, including cash and cash equivalents. In such defensive circumstances, elevated cash levels may be maintained to preserve capital, mitigate market volatility, or provide flexibility to deploy capital opportunistically when market conditions stabilize. A more detailed discussion of investment strategies and types of investments made is provided in Item 8, Methods of Analysis, Investment Strategies and Risk of Loss. The descriptions set forth in the Brochure of specific advisory services that Coatue Management offers to Clients, and investments made by Coatue Management on behalf of its Clients, should not be understood to limit in any way Coatue Management’s investment activities. Coatue Management may offer any advisory services, engage in any investment strategy and make any

investment including any not described in this Brochure, that Coatue Management considers appropriate, subject to each Client’s investment objectives and guidelines. Ability to Tailor Advisory Services Coatue Management provides investment management services directly to its Clients and not individually to investors in the Clients. Coatue Management has defined investment objectives for its Clients, as set forth in the respective offering memoranda, prospectus or other applicable governing documents for the Client, and tailors its advisory services to meet these objectives. Coatue Management monitors certain internal portfolio guidelines for some Clients.

Asset-Based and Performance-Based Compensation Coatue Management charges a fixed fee that ranges from 0%-2.5% per annum and is described in the offering memorandum of each Fund or other governing document of each other Client, as applicable. Fixed fees are charged in advance or in arrears at such time as specified in the applicable Client’s governing documents, subject to additional terms related to the prepayment of such fixed fees described below, and may be calculated, for example, based on the amount of net assets, a percentage of invested capital, a percentage of committed capital, the cost basis of Private Investments, as applicable, and as otherwise specified in a Client’s governing documents. Fixed fees will be prorated for any period that is less than a full calendar quarter (or other applicable period) as described in the applicable Client’s governing documents. Certain Funds are required to pay Coatue Management’s fixed fees in advance. In connection with this, a Fund may obtain a refund of a pro rata portion of any pre-paid fixed fee if the advisory contract is terminated or a withdrawal is made from the Fund before the end of a billing period. Coatue Management (or an affiliate) may also be entitled to performance-based compensation, which is compensation that is based on a share of realized or unrealized net profits or capital appreciation of the assets of a Client. The performance-based compensation, “profits interest” or “incentive allocation”, ranges from 0%-33% of a Fund’s realized or unrealized net profits or capital appreciation. Performance-based compensation may be subject to (i) “loss carry-forward”, “modified loss-carryforward” or “underperformance carry-forward” provisions, (ii) hurdles, and/or (iii) “clawback” provisions. With respect to CTEK, there is an advisory fee equal to 1.25% per annum, which is calculated and accrued monthly in arrears, and an incentive fee equal to 12.5% subject to a hurdle amount and loss carryforward, each described in more detail in CTEK’s Prospectus. Distribution and servicing fees, which are further described in CTEK’s Prospectus, may also apply depending on the particular share class. The asset-based and performance-based compensation charged to a particular Client (if any) is described in such Client’s offering memorandum, prospectus, investment management agreement or other applicable governing document. Payment of Fees and Waiver of Fees With respect to the Funds and CTEK, a third-party administrator calculates and confirms the assetbased and performance-based compensation. Once calculated, the fees and allocations are deducted from the applicable accounts. For certain other Clients, Coatue Management may submit an invoice for payment in connection with fees to which it is entitled under the terms of the governing documents for such Client. The asset-based compensation and performance-based compensation described above are not negotiable. To the extent permissible under applicable law, for certain Clients, Coatue Management may, in its sole discretion, waive, reduce or modify such asset-based compensation

and performance-based compensation rates for members of Coatue Management, its affiliates, their respective equity owners, directors, officers, employees and affiliates (collectively, the “Coatue Group”), relatives of such persons and estates, charitable and family vehicles of members of the Coatue Group and such relatives, and for certain other investors (including large or strategic investors). Specifically, Coatue Management has consistently waived, and will continue to waive, both the asset-based compensation and performance-based compensation for its equity-owners, partners and employees. Additionally, certain Clients structured as co-investment funds and/or funds of one that invest in other Coatue Clients are not charged asset-based compensation and/or performance-based compensation. However, to the extent such co-investment funds and/or funds of one are charged any such compensation, they will be charged the asset-based compensation and performance-based compensation at either the co-investment fund- and/or fund of one-level or the other Coatue Client level, but fees are not charged at both levels in such instances. With respect to Clients that make private investments, while Coatue Management intends that the majority of such private investments will be made directly in the particular private company, from time to time, a Client may make investments in one or more investment vehicles managed by an unaffiliated third party, including but not limited to vehicles that may only invest in a single portfolio company. To the extent a Client invests in a private investment fund managed by a thirdparty, the Client may be subject to the fees, incentive allocation and expenses charged by such entity, which will be in addition to the management fees, performance compensation and expenses to which investors in such Client are subject to as investors in that Client. Other Expenses Each Client is responsible to pay for certain expenses as set forth in its respective governing documents. Expenses of the Clients include the fees paid to Coatue Management as described above, and without limitation, fees paid to the third party administrator and other service providers to the Clients, including with respect to any mid-month calculations of the net asset value of the Clients, directors’ fees; fees and expenses of trustees; legal, accounting (including external accounting and valuation expenses), auditing and other professional expenses; tax preparation and other tax related expenses (including preparation costs of financial statements, tax returns and reports to investors), and any taxes, fees and other governmental charges levied against the Clients and all expenses incurred in connection with any tax audit, investigation settlement or review of the Clients; expenses incurred in connection with the activities of any advisory committee to any Client (including any reasonable out-of-pocket costs and expenses incurred by representatives of the Coatue Group, the advisory committee members, permitted observers and other persons in attending or otherwise participating in meetings of the advisory committee); expenses related to the negotiation of prime brokerage contracts and counterparty agreements, as applicable; insurance expenses (including trustees' insurance and director's and officers' insurance, errors and omissions insurance, fidelity insurance and other similar policies); organizational and offering expenses; expenses associated with certain reporting to existing and prospective investors; expenses of regulatory filings and reporting (including, without limitation, Form PF and filings related to, among others, Section 13 and Section 16, Hart Scott Rodino and other antitrust-related matters,

AIFMD, investment-related notice filings and CFIUS and any filings required under the 1940 Act) to the extent they are in connection with, relate to or derive from a Client or its investment activities; fees paid to third-party proxy services advisory firms; costs associated with reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws, including compliance with The Sarbanes-Oxley Act of 2002; the costs of preparing, printing and mailing reports and other communications, including tender offer correspondence or similar materials, to investors; costs associated with any board meetings; fees and expenses related to the negotiation of agreements with investors, including side letters; expenses incurred in connection with investments and prospective investments (including, without limitation, the evaluation, acquisition and/or disposition of such investments or prospective investments), whether or not consummated, including, without limitation, research products and services (including without limitation, expert consultants and third party consultants/advisors), any associated legal (including but not limited to due diligence reviews and other reviews related to the compliance with applicable laws and contractual obligations in connection with investments or prospective investments), financing, commitment, transaction or other fees and expenses payable to attorneys, accountants, investment bankers, lenders, third-party diligence software and service providers, data room service providers (including with respect to certain data room compliance functions), consultants, third-party advisors, experts and similar professionals in connection therewith, finder’s, placement, management, incentive, consulting and other fees paid to third parties unaffiliated with Coatue Management (including without limitation, investment advisers, consulting firms and independent advisers and consultants) involved in performing services as a director or consultant, sourcing, investigating, evaluating and monitoring investment opportunities related to the acquisition, disposition, holding, monitoring and/or management of Client assets; expenses related to internally generated data analytics, which may include proprietary software and research, research travel-related costs and expenses, retainers to third party consultants/advisors, research reports and consultations, statistical data, market data and portfolio management services and software (for example, data feeds for research, trading-related software, valuation or portfolio tracking software, licenses, Bloomberg expenses related to investments, and third-party electronic data storage and processing related to research, including systems used to access, analyze and visualize data); fees, costs and expenses related to acquiring, processing, storing and providing data or data analysis, research or other value add services to portfolio companies, including any fees, costs and expenses attributable to recruiting and/or retaining any consultants engaged by Coatue Management to provide advice, guidance or services to or for one or more portfolio companies and/or Client(s); expenses incurred in connection with distributions to the Partners; the cost of effecting sales and repurchases of shares and other securities; all transaction and investment-related costs and fees, including, without limitation, costs and fees associated with commissions, finder and related fees, indebtedness of, or guarantees made by, a Client, the Coatue Group on behalf of a Client (including any credit facility, letter of credit or similar credit support), including interest with respect thereto, or costs and fees in connection with seeking to put in place any such indebtedness or guarantee, financing, registration expenses, commitment, origination and similar fees and expenses, interest on margin accounts and other indebtedness, fees, costs, expenses and other obligations, including principal, interest and any fees (including commitment fees), expenses relating to the offer and sale of interests (including, but not limited to, expenses related to registration, exemption and investor subscription filings made by or on behalf of a Client) and withdrawals and transfers thereof, custodial and banking fees, registrar and transfer agent fees, bank service fees; other reasonable expenses related to the

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METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS Methods of Analysis and Investment Strategy Coatue Management invests in U.S. and non-U.S. publicly traded equity securities and equityrelated securities, such as equity swaps and options, as well as U.S. and non-U.S. private companies for certain Clients. Coatue Management also invests in digital assets and currencies for certain Clients. Coatue Management invests long and also engages in short selling for certain Funds, including certain Funds managed pursuant to the Hedge Fund Strategy. In a short sale transaction, Coatue Management sells a security it does not own in anticipation that the market price of that security will decline. Coatue Management concentrates largely on certain sectors, including the global technology, media, telecommunications, and some energy, healthcare, healthcare technology, life sciences and consumer and retail sectors and, within these sectors, focuses on companies in the mobile internet, fintech and financial services, software, digital entertainment and commerce, cloud computing, machine learning, artificial intelligence (including sectors that may directly or indirectly otherwise benefit from artificial intelligence tailwinds), robotics, disruptive transportation, semiconductors and related technologies, data centers, data center power providers, logistics and infrastructure (including electric vehicles and related technologies) and defense, mobile gaming, user-generated content, aspects of the sharing economy, and certain geographical areas like China and other parts of Asia, among others. Coatue Management’s investment approach is primarily based on fundamental research. Coatue Management is integrating the use of artificial intelligence (“AI”) to support its investment research process. Specifically, Coatue Management utilizes AI tools to analyze data, identify trends, and generate insights to support investment decisions. As with many innovations, artificial intelligence presents risks and challenges that could affect its adoption, and therefore Coatue Management’s business. While artificial intelligence may be utilized in connection with the research process, all investment decisions for Client Accounts are made by Coatue Management’s investment personnel. All Clients rely primarily on fundamental research and an overall long-term investment horizon. Specifically, Funds managed pursuant to the Hedge Fund Strategy focus primarily on Public Investments, while certain other Clients focus on Private Investments. Certain Funds managed pursuant to the Sector-Focused Strategy invest solely in Public Investments and others invest in both Public Investments and Private Investments. Funds managed pursuant to the Tactical Solutions Strategy and CTEK also invest in both Public Investments and Private Investments. Fundamental Analysis While the particular investment objective for each Client is set forth in their respective governing documents, Coatue Management seeks to provide investors in Client accounts with attractive returns over the long term relative to broad market indices and generally employs an overall longterm investment horizon. Coatue Management conducts extensive fundamental research to identify suitable investments for its Clients. It also utilizes proprietary research conducted across its research infrastructure including, but not limited to, technical experts, trend analyses, custom

research reports, data science and proprietary technology platforms and surveys in its effort to develop its investment thesis and gain a unique perspective. For long ideas, Coatue Management typically seeks to identify general investment themes for each industry through a top-down analysis to uncover and understand major trends and developments that may affect the sectors in which it invests on behalf of Clients. Coatue Management generally utilizes horizontal and vertical industry analyses to determine which companies may benefit from new industry breakthroughs or standards, and which companies can reinforce their leadership through scale and competition. For short ideas, Coatue Management generally prefers to look for companies with tangible evidence of deterioration in the balance sheet or income statement, as well as management teams which it believes are inclined towards fraudulent or inept business practices. Coatue Management at times establishes an investment thesis with a view towards specific events or developments, which should change the market’s assessment of the stock. In addition, short positions may be identified through relationships to long positions or ideas, because, for example, the success of a company or industry may imply the potential failure or decline of a number of other companies or industries, or based on Coatue Management’s view of current or possible future macroeconomic conditions. Coatue Management may also make short term opportunistic investments, including investments in initial public offerings, which may fall outside of these processes and strategies. For certain strategies, including the Hedge Fund Strategy, Coatue Management may also engage in transactions, including the purchase or sale of options, index future contracts or other derivatives, for the primary purpose of hedging and/or risk management. Coatue Management employs a range of research methodologies; the research methodologies used for a particular investment and the level and type of investment diligence will depend on the unique circumstances of the relevant investment (including but not limited to the timing associated with the investment), including whether it is public or private, Coatue Management’s experience making investments in the same or similar companies or sectors, the investment timeline and the contemplated size of the investment. Coatue Management typically identifies long and short investments through fundamental proprietary financial analysis, including an evaluation of the quality of management, price/earnings multiples and free cash flow analysis, and financial modeling. Coatue Management frequently engages in company visits and management interactions, both in-person and via video or telephonic conferences and views the assessment of management as a valuable investment input. Among other investment research tools, Coatue Management has made, and in the future expects to make, use of technical experts, industry experts, trend analyses, custom research projects (including, but not limited to, the use of thirdparty consulting firms and expert networks), surveys and written third-party research. Coatue Management also regularly holds discussions with competitors and consultants, and meets with sell-side and buy-side analysts. In addition, Coatue Management maintains a data science program through which it, among other things, collects publicly available data, buys data sets and aggregated data, including, without limitation, consumer panel data, web usage data, app store data, location data, proprietary web crawling and scraping, sentiment data, enterprise software usage data, traffic data, and various industry data, from third party vendors and performs proprietary data analysis.

General Notwithstanding the focus noted above, Coatue Management has broad investment authority in order to maintain flexibility and capitalize on investment opportunities as they arise in all of its Funds. Accordingly, Coatue Management is generally not required to invest any particular percentage of its portfolio in any type of investment, region or sector (other than with respect to the Sector Funds as set forth in their respective offering documents) and the amount of the portfolio that is invested in a particular investment, region or sector can change at any time based on, among other things, the availability of attractive market opportunities. Investments can at any time include private securities or financial instruments, including those of other private funds and investment companies, corporate debt, bonds, notes or other debentures or debt participations, sovereign debt, convertible securities, swaps, options (purchased or written), futures contracts, commodities or other derivative instruments, and digital assets and currencies, in each case that Coatue Management believes are appropriate in light of a Client’s investment strategy and guidelines. Certain Clients, including co-investment vehicles, single investment SPVs and funds of one, have more tailored or specialized strategies and may include investment restrictions, as set forth in their governing documents. An investment in a Fund is speculative and involves a significant degree of risk. The Funds are designed for sophisticated investors that are able to bear a substantial loss of capital and for whom an investment in a Fund is not a complete investment program. Additional detail on each Client’s investment strategy is included in its offering memorandum and/or other governing documents, and some or all of the investment risks described below apply to particular Clients depending on their respective investment strategies or sub-strategies. Third Party Advisors As described in Item 5, Coatue Management has in the past and expects in the future to engage or retain Advisors from time to time to provide services to one or more Clients, including but not limited to services related to Coatue’s investment process. Additionally, certain Research Providers are engaged for research purposes for one or more Clients. The terms of these engagements, including the compensation arrangements for Advisors, are generally agreed between the Advisor or Research Provider (or one of their respective affiliates) and Coatue Management at the time of engagement and will vary depending upon the nature of the services provided. For example, Coatue Management has previously engaged, and expects in the future continue to engage, Advisors to provide it with, for example, without limitation, advice related to macroeconomic factors and general market conditions, particular sectors and certain industries. These fees and expenses are generally allocated to the Client(s) that benefit from the services and are not borne by Coatue Management even if the services of such Advisor or Research Provider are not utilized during the entire term of the engagement. In addition, some Advisors as part of their engagement provide assistance and advice directly to certain portfolio companies of Clients to help with, for example, strategic planning or go to market strategies. Depending on the relevant circumstances, including the use of those Advisors and/or Research Providers during the applicable contract term, Coatue Management will assess the benefit(s), if any, of the particular services to the Client(s) on a periodic basis (determined based on the contract length) to determine whether all or a portion of the fee paid to a particular Advisor should be allocated to one or more

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Please refer to Item 4, Advisory Business – Advisory Services for a description of our Clients. Coatue Management’s Clients are the Funds, CTEK and certain other investment vehicles and entities to which it provides investment advisory services (either on a discretionary or nondiscretionary basis). The Funds themselves are not subject to any requirements for opening or maintaining an account. Investors in the Funds must meet certain suitability requirements as set forth in each Fund’s offering memorandum and/or operative documents. The offering memorandum for each Fund sets forth the required minimum amounts for investment by investors in such Fund. Minimum investment amounts have been, and are expected in the future to be, waived at the sole discretion of Coatue Management (or by such Fund, as applicable). Any suitability requirements and minimum investment amounts for CTEK are set forth in its governing documents. Coatue Management, in its sole discretion, will establish any minimum account requirements with respect to other Clients.

Performance-Based Compensation Coatue Management and its affiliates are entitled to receive the performance-based compensation described in Item 5. Performance-based compensation arrangements may create an incentive for Coatue Management to make investments that are riskier or more speculative than would be the case absent such arrangements. The level of performance-based compensation and asset-based compensation varies among Clients. Coatue Management does, and expects in the future, to receive higher performance-based compensation or fixed fees from certain Clients and certain Clients (e.g., co-investment vehicles) have in the past and will likely in the future be subject to reduced fees or not subject to any fees. It is expected that funds of one or other accounts managed for institutional investors will also be subject to different fees and terms compared to commingled Client accounts. Members of the Coatue Group have significant investments in the Funds and have in the past, and expect in the future, from time to time, to establish proprietary accounts and/or operating entities, which may be comprised primarily of internal capital, for investment purposes, and in some instances these accounts and/or entities may be used to evaluate potential new investment strategies (as further described in Item 11). As a result, Coatue Management and its investment personnel have an incentive to favor accounts that pay Coatue Management (or from which Coatue Management has the prospect of receiving) higher performance-based compensation and fees or in which they have a significant proprietary interest, including in the allocation of investments, trading activities, time and attention. Management of Multiple Client Accounts Coatue Management provides investment advisory services to multiple Clients. Additionally, Coatue Management and other members of the Coatue Group have in the past, and expect in the future, to act as investment advisers or investment managers for others, manage funds or capital for others, make and maintain investments in their own names or through other entities, including subsidiaries, and may in the future serve as officers, directors, consultants, partners, stockholders or equity holders of one or more investment funds, partnerships, securities firms, investment advisory firms or other firms, and such investments may overlap with the investments made by Clients. Certain Clients have investment objectives and investment strategies that are similar to or overlap with other Clients, while certain Clients have dissimilar investment objectives and strategies. Investment objectives or investment strategies for Clients include, without limitation, focus on public or private markets (or a combination thereof), and different investment parameters and guidelines (including those relating to leverage). Certain Clients, to the extent consistent with any requirements under the 1940 Act applicable to a particular Client, have more favorable liquidity compared to other clients and certain Clients receive greater transparency and other information (including access to certain data science information) about portfolio positions than investors in other Clients and also may receive more frequent performance estimates. As a result of this increased transparency and information rights, investors in certain Clients will have access to

increased information upon which to make redemption decisions as compared with investors in other Clients. Accordingly, if there are significant redemptions from such Client (particularly where there is significant overlap with the securities held), Coatue Management may have to liquidate a portion of the assets of such Client in a manager that could be disadvantageous to other Clients. From time to time, Coatue Management has, and expects in the future, to give advice and recommend securities to, purchase and sell securities for, and take action with respect to, one or more Clients that will differ and may conflict with advice or recommendations given to, securities purchased and sold for, or action taken with respect to, the other Clients, even in cases where the investment objectives may be the same or similar. Even if one Client has an investment objective, program or strategy that is similar to another Client, Coatue Management has previously, and expects that in the future it will, give advice or take action with respect to the investments held by, and transactions of, one Client that differs from the advice given or the timing or nature of any action taken with respect to the investments held by, and transactions of, other Clients (including but not limited to holding a security for one Client while selling the security on behalf of another Client). Such differences result from various factors deemed relevant by Coatue Management on a case by case basis, including, without limitation, differences between the investment strategy and objective, financing terms, availability of other investment opportunities, any contractual or regulatory restrictions applicable to a Client (e.g., a lock-up period), the nature of the transaction, regulatory treatment and tax treatment of the various Clients. In some instances, actions taken for, or a position taken by, one Client could be adverse to the actions taken for, or a position taken by, another Client, including by decreasing the prices received, and increasing the prices required to be paid by one Client, limiting the availability of the securities in which a Client seeks to invest, or other potential disadvantages. Actions taken for one or more Clients could have a material adverse effect on other Clients. As a result, Clients (including those with similar investment objectives) are expected to have substantially different portfolios and investment returns and future Clients may have such differences as well. With respect to any non-discretionary accounts managed by the Coatue Group, the Coatue Group will not have control over the decisions taken by such accounts and the actions of such accounts may conflict with the actions taken by the Coatue Group with respect to the discretionary accounts that it manages. Additionally, if a Client has invested in a portfolio company through a third-party manager (including in connection with certain joint venture arrangements), Coatue Management will have limited or no control over the decisions made with respect to such entity and there is no guarantee that such third-party manager will take actions consistent with the actions taken by Coatue Management with respect to direct investments in such portfolio company and certain actions taken by the third-party manager may have a negative impact on Clients. To the fullest extent permitted by law, Coatue Management and other members of the Coatue Group are not required to seek to eliminate the possibility or effects of any such actions. Accordingly, such an action could result in an economic benefit to one Client and/or an economic harm to another Client. With respect to certain investments made by Clients, including private investments, there have been, and likely will be, cases where certain other Clients, proprietary accounts and/or other members of the Coatue Group have in the past invested in, are currently invested in and could in the future make additional investments (or dispose of investments) in certain portfolio companies, in which a particular Client has invested or potentially will invest, or with which a Client has engaged or will engage in financing or other transactions. Coatue Management faces a conflict regarding those investments because one Client’s investment in, or transaction with, the issuer could also benefit the other Clients, proprietary accounts and/or members of the Coatue Group by,

among other things, providing valuable new capital to the applicable issuer in which the other Clients, proprietary accounts and/or members of the Coatue Group have a significant investment, including Clients in which members of the Coatue Group have larger investments, or which pay higher fees to Coatue Management or its affiliates. Depending on timing, among other factors, the transactions for certain Clients, proprietary accounts and/or members of the Coatue Group could be subject to better terms than another Client’s transactions in a particular company’s securities. Further, Coatue Management has previously, and expects to, make different decisions (including with respect to dispositions of securities) in the future with respect to certain investments that are held by multiple Clients, proprietary accounts and/or members of the Coatue Group. In some cases a particular Client, proprietary accounts and/or members of the Coatue Group could take actions that prove to be adverse to one or more other Clients, including but not limited to making subsequent investments in a private company at better terms than another Client received, participating in a subsequent investment in a private company that dilutes a Client’s investment in that private company, and participating in secondary sales of investments in a private company that may adversely impact the value and liquidity of another Client’s investment in a private company. Furthermore, to the extent consistent with any requirements under the 1940 Act applicable to a particular Client, Coatue Management is authorized to allocate any rights associated with one Client’s investment in a company (e.g., rights of first refusal) for the benefit of one or more other Clients, proprietary accounts and/or members of the Coatue Group, and to the extent Coatue Management does so that Client will not exercise the rights associated with its investment and they will instead be used by such other Client(s), proprietary accounts and/or members of the Coatue Group for their own benefit. In addition, Clients, Coatue Management and its affiliates may be subject to certain investment restrictions in competitors of a private company in which a Client, a proprietary account and/or members of the Coatue Group invest, that may be imposed by the private company and/or its governing documents. Given the fact that Coatue Management or its affiliates manage multiple investment vehicles that, in the past and/or in the future, may make direct or indirect investments in such competitors or related entities, a Client may realize impairment of its investments in the private company and/or its rights related to such private company and its related entities. Specifically, to the extent Coatue Management, a Client or their respective affiliates makes an investment in a competitor of a private company, Coatue Management, a Client and/or members of the Coatue Group may lose certain information rights they have with respect to their investment in such portfolio company. In such instance, one Client may forego a particular investment opportunity due to the fact that another Client would lose information rights in connection with its investment in a competing company. Additionally, one Client has in the past and could in the future make an investment in a portfolio company in which another Client has previously invested, or subsequently invests, in a different part of the portfolio company capital structure and vice versa or where one Client has different rights or privileges. When one Client holds an interest in a portfolio company with rights, preferences and privileges that are different than those held by another Client in the same portfolio company, the Coatue Group could be presented with decisions when the interests of the Clients are in conflict. In connection with its business, from time to time, Coatue Management comes into receipt of material non-public information about a public issuer. The receipt of such information has in the past required, and may in the future require, Clients or members of the Coatue Group to restrict trading in the securities of that public issuer for a period of time, including in instances where Coatue Management has hired an employee who previously worked at a public company.

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Neither Coatue Management nor any of its affiliates is registered, or has an application pending to register, as a broker-dealer or a registered representative of a broker-dealer. Neither Coatue Management nor any of its affiliates is registered, nor has an application pending to register as a futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities. Coatue Management serves as investment manager to CTEK, a registered investment company under the 1940 Act. Coatue Management’s President and Head of Strategy also serves as a member of the CTEK Board, and other personnel of Coatue Management serve in additional roles with respect to CTEK. Certain affiliates of Coatue Management are special purpose vehicles that serve as the general partners (the “General Partners”) of Clients organized as limited partnerships. Principals, officers, authorized persons and employees of the General Partners are considered by Coatue Management as “persons associated with” it (as that term is defined in section 202(a)(17) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”)). Personnel of the General Partners are subject to Coatue Management’s overall supervision and policies and procedures (including those relating to personal trading). The relevant books and records of the General Partners are the books and records of Coatue Management for purposes of Section 204 of the Advisers Act. Coatue Management and its affiliates have entered into, and in the future expect to enter into, additional agreements (sometimes referred to as “side letters”) with certain prospective or existing investors in the Funds whereby such investors may be subject to terms and conditions that are more advantageous than those set forth in the offering memorandum of a Fund. For example, such terms and conditions may provide for special rights to make future investments in a Fund or in another Client, special liquidity and transfer rights, reductions in or waivers of asset-based and performance-based fees, rights to receive additional information or reports (including meetings with one or more members of the Coatue Group, upon request) or notices of certain events, the right to be a member of a limited partner advisory committee, co-investment rights, acknowledgments of investors’ limitations with respect to in-kind distributions, consultation in good faith regarding circumstances of mandatory liquidity, agreement to exclude investors from particular investments due to their investment restrictions; and such other rights as may be negotiated by Coatue Management and such investor. The terms may also address regulatory, tax or other matters that are specific to certain types of investors. Such terms are agreed to at the discretion of Coatue Management (or its affiliates) and may, among other things, be based on the type of investor, the size of the investor’s investment in the Fund, another Client or affiliated investment entity, an agreement by an investor to maintain such investment in a Fund for a significant period of time, or other similar commitment by an investor.

CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONAL TRADING Code of Ethics Coatue Management has adopted a Code of Ethics pursuant to Rule 204A-1 of the Advisers Act (the “Code”) that establishes certain standards of conduct and rules for its employees and/or access persons (as applicable). A summary of the Code is provided below. However, Clients may review on-site a copy of the full Code and existing and prospective investors may review the full Code on-site by contacting the Legal and Compliance Department via email at compliance@coatue.com or by telephone at (212) 715-5100. All access persons of Coatue Management must acknowledge annually that they understand and agree to the terms of the Code. CTEK has also adopted a Code of Ethics as required by Rule 17j-1 under the 1940 Act. The Code incorporates the following general principles that all employees are expected to uphold at all times:

Employees must place the interests of Clients first;

Employees must conduct all personal securities transactions in a manner consistent with the Code and seek to avoid both actual conflicts of interest and the appearance thereof; and

Employees may not take inappropriate advantage of their positions with Coatue Management for their own personal benefit.

Gifts and Entertainment, Political Activities and Outside Activities The Code provides that gifts and entertainment must be reasonable in light of industry practices and should never be given or received if the purpose is to improperly influence the recipient. Coatue Management requires access persons to report or receive approval for the receipt or giving of gifts and entertainment under certain circumstances. The Code also generally requires access persons to obtain approval before the access person, a spouse, partner or certain other immediate family members makes a political contribution or engages in certain campaign-related fundraising activities. The policy is intended to prevent scenarios whereby an access person may make a contribution or engage in an activity for the purpose of improperly persuading a person who has influence over the selection of Coatue Management as an investment adviser for a governmental entity. Finally, the Code provides that, without prior approval, access persons are generally not permitted to engage in certain types of outside business activities. This policy is intended to prevent material conflicts of interest that could arise from an access person’s personal activities. Personal Trading Subject to certain exceptions approved by Coatue Management, the Code provides that access persons are generally not permitted to purchase or sell publicly traded securities for their own

accounts or accounts that the access person controls or in which the access person may be deemed to have beneficial ownership (such as an account of a spouse or minor child). Coatue Management believes that this prohibition mitigates the most likely conflicts of interest that may arise from personal trading activity by generally prohibiting trading in securities that largely comprise the investable universe of its Clients. Access persons are permitted to buy and sell private securities (such as investments in hedge funds, private equity funds and private companies, including investments that were researched by Coatue Management for Clients where it was determined that Clients would not make the investment) and certain municipal securities with prior approval. Access persons are also permitted to invest in mutual funds and U.S. and non-U.S. government issued obligations without prior approval. In addition, Coatue Management may permit access persons to maintain accounts that are managed on a discretionary basis by a third party if the access person has no direct or indirect influence or control over the investments for the account. Exceptions to the personal trading policy are handled on a case-by-case basis and subject to such conditions as deemed appropriate by Coatue Management. For example, an exception may be, and typically has been, granted for legacy positions that were held by an access person (or a covered family member) prior to that access person joining Coatue Management to exercise stock options received as compensation from a prior employer, or to sell an investment that was originally made when the company was private and subsequently became publicly traded. Coatue Management’s compliance department has also allowed, and expects in the future to allow, certain employees and/or principals, on a case-by-case basis to buy or sell cryptocurrencies, municipal bonds, index futures and other publicly traded instruments where it determined that doing so did not present a material conflict (or material potential conflict) with a Client. In such a case, the access person would be required to obtain prior approval to buy or sell such positions and may be subject to other restrictions as deemed appropriate by Coatue Management under the circumstances. At times, members of the Coatue Group have had, and are expected to continue to have, an interest in the same public or private securities (or related securities, such as options or warrants) or other financial instruments, including but not limited to, digital assets that are bought and sold for Clients and investments in private portfolio companies. This activity creates a conflict of interest because members of the Coatue Group may receive, and in the past have received, an incidental benefit from market activity undertaken by a Client. For example, if a member of the Coatue Group holds an investment in a private company, that person could benefit from any new financing provided by a Client to that company. Additionally, members of the Coatue Group have had, and in the future may have, investment objectives that differ from the investment objectives of Clients. As a result, members of the Coatue Group have previously taken, and in the future expect to take, different actions with respect to personal investments in particular portfolio companies (including in connection with co-investment funds comprised solely of internal capital) than the actions taken with respect to Clients’ investments in such companies. Please see Item 6, Side-by-Side Management, for a more complete discussion of the conflicts of interests that have arisen, and in the future may arise, from instances in which members of the Coatue Group hold an interest in the same private or public securities as Clients.

Members of the Coatue Group have elected and in the future are expected to elect to receive securities in kind when other Clients (and/or Client investors) have not received such opportunity. In this regard, independent of whether any securities have been delivered in kind to investors, a Client’s general partner shall have the option to receive some or all distributions in kind in lieu of cash. The Client’s general partner and/or other members of the Coatue Group also are entitled to receive some or all distributions in kind in lieu of cash, including without limitation for purposes of tax planning or making charitable contributions and estate planning transfer. Certain Coatue Management employees have familial or other close personal relationships with employees of companies in which Clients invest, which creates a conflict of interest to the extent such person is involved in the investment decision-making process. Coatue Management has taken certain steps to seek to mitigate this conflict through the implementation of internal processes and controls. Proprietary Trading Coatue Management generally does not engage in trading for its own account in the normal course. However, Coatue Management has from time to time in the past, and may in the future, establish investment accounts that are comprised primarily of internal capital (including investment professionals and other employees) in order to evaluate a possible investment strategy (an “Incubation Account”). The strategy employed for such an Incubation Account may be similar and/or dissimilar to the investment strategies that Coatue Management employs for its Clients. As a result, the transactions and portfolio strategy employed for such an Incubation Account could affect the prices and availability of the securities and other financial instruments in which Clients invest. In addition to Incubation Accounts, Coatue Management, its subsidiaries and/or principals and employees of Coatue may from time to time engage in investment activities for their own accounts, including through operating companies. These investments may be in private securities that are also owned by Client accounts and also may be with respect to investments outside the strategies pursued by Client accounts. Such activities may give rise to conflicts of interest, including the potential incentive for Coatue Management and its investment personnel to favor such Incubation Accounts or other accounts and/or entities over Client accounts, including without limitation, with respect to allocation of investments, time and attention. Coatue Management seeks to apply the same allocation and other procedures as Client accounts, including as described in Item 6 and below in this Item 11 in connection with such activities. If, and when, Coatue Management has established an Incubation Account, the allocations and procedures applied may differ from those used in Client accounts in order to fully evaluate the possible investment strategy including, but not limited to portfolio and risk management, time horizon, concentration and investable universe. Coatue Management does not apply the Code of Ethics policies to Incubation Accounts. Additionally, to the extent a proprietary entity pursues a strategy that is dissimilar to a Client account, Coatue Management does not intend to apply its allocation policies and procedures. Certain employees of Coatue Management invest in the Funds and/or CTEK (in varying amounts depending on the entity). As a result, such employees have a financial interest in the investments made by the Funds and/or CTEK. The foregoing could lead to certain conflicts of interest that are described in Item 6.

Where more than one account participates in a transaction, Coatue Management will generally aggregate Client orders to achieve more efficient execution except where Coatue Management in its investment management discretion has determined that aggregation is not appropriate based on a particular Client’s strategy or other relevant circumstances. See Item 12 below for a discussion of Coatue Management’s practices when it aggregates Client orders.

Factors Considered in Selecting Broker-Dealers Coatue Management is authorized to determine the broker to be used for each securities transaction for Clients. In selecting brokers, Coatue Management will take into account a variety of factors including the rate of commissions and other execution-related costs, execution capability, financial stability and reputation of the brokerage firm, and the value of research, brokerage or other services provided by the broker, as well as other factors that Coatue Management deems relevant. As noted above, brokerage commissions may be directed to brokers in recognition of the research services and products (more specifically described below) provided by the broker to Coatue Management in addition to execution services. In these cases, because Coatue Management does not negotiate “execution only” commission rates, Clients may be deemed to be paying for such research services and products provided by the broker, which are included in the commission rate. These arrangements are referred to in this Brochure as “full service arrangements”. Full service arrangements allow Coatue Management to supplement its own research and analysis with the research and information provided by the broker. As a result, such arrangements could give rise to a conflict of interest because Coatue Management may be influenced by the prospect of receiving the research and other services from a broker when directing Client transactions. In addition, when Coatue Management acquires research and brokerage services and products through full service arrangements, Coatue Management receives a benefit because it does not need to produce or pay for the products or services (or charge such expenses to Clients). However, Coatue Management believes that the acquisition of such research and brokerage services benefits Clients by supplementing the research and brokerage services otherwise available to Coatue Management. Determining Reasonableness of Commissions Coatue Management may, consistent with its obligation to seek best execution, effect securities transactions with a broker which causes Clients to pay the broker commissions in excess of the commissions another broker would have charged. Coatue Management does not necessarily solicit competitive bids or seek the lowest available commission cost. Although Coatue Management will make a good faith determination that the amount of commissions paid is reasonable in light of the products or services provided by a broker, commission rates are generally negotiable and thus, selecting brokers on the basis of considerations that are not limited to the commission rates may result in higher transaction costs than would otherwise be obtainable. Coatue Management seeks to monitor the reasonableness of commissions by periodically assessing the overall performance of the brokers, including the research and other services provided as part of a full service arrangement, and allocation of commissions across brokers. Soft Dollar Practices As noted above, Coatue may receive research and brokerage services in connection with executing Client transactions. Section 28(e) of the Securities Exchange Act of 1934, as amended, is a “safe

harbor” that permits an investment manager to use commissions to obtain research and brokerage services that provide lawful and appropriate assistance in the investment decision-making process. Coatue Management currently seeks to limit the use of “soft dollar” benefits to obtain research and brokerage services to services which constitute research and brokerage within the meaning of Section 28(e). The bullets below list the types of research and brokerage services that Coatue Management has received during the last fiscal year. Research Services and Products • Research reports (including market research); • Software providing analysis of securities portfolios; • Virtual and in-person attendance at certain seminars and conferences; • Discussions with research analysts; • Virtual and in-person meetings with corporate executives; • Data services (including services providing market data, company financial data and economic data); and • Advice from brokers on order execution. Brokerage • Services related to the execution, clearing and settlement of securities transactions and functions incidental thereto (i.e., connectivity services between Coatue Management and a broker-dealer and other relevant parties such as custodians); • Trading software operated by a broker-dealer to route orders; • Software used to transmit orders; • Clearance and settlement in connection with a trade; • Electronic communication of allocation instructions; • Routing settlement instructions; and • Post trade matching of trade information. Soft Dollar Benefits used Across All Clients The research and brokerage services can be used by Coatue Management in its other investment activities for all accounts it manages, and Coatue Management does not allocate soft dollar benefits among Clients proportionally to the amount of soft dollar credits generated by each Client. Accordingly, a particular account may not necessarily, in any particular instance, be the direct or indirect beneficiary of the research or brokerage services provided, notwithstanding the fact that such account incurred costs in respect of such services and certain Clients that do not generate any soft dollar credits will benefit from its use of credits generated by other Clients. Brokerage for Client Referrals Coatue Management has in the past and expects in the future to place transactions with a broker that (i) provides it with the opportunity to participate in capital introduction events sponsored by the broker, (ii) refers investors to funds or other products managed by Coatue Management or (iii) invests or whose affiliate invests in a Fund. Coatue Management has an incentive to direct trades

to a broker based on its interest in receiving these benefits rather than the Client’s interest in receiving the most favorable execution. Coatue Management believes this potential conflict of interest is mitigated by the fact that capital introduction services and referrals from brokers are not a significant source of capital for the Funds. Coatue Management will not select a broker-dealer solely as a means of remuneration for recommending a Fund, referring investors to a Fund, investing in a Fund or affording Coatue Management with the opportunity to participate in capital introduction programs. Directed Brokerage Coatue Management does not recommend, request or require that Clients direct it to execute transactions through a specified broker-dealer or permit Clients to direct brokerage. Aggregation of Client Trades Where more than one Client participates in a transaction, Coatue Management will generally aggregate Client orders to achieve more efficient execution. Clients participating in an aggregated trade will be allocated securities based on the average price achieved for such trades. Generally, with respect to partially filled orders, the participating Clients will receive the average share price for the transactions executed in the relevant security and share transaction costs pro rata based on the account’s order size. Notwithstanding the foregoing, a Client’s order will not be aggregated to the extent that differences in that Client’s strategy or current status (including its exposure levels and/or risk tolerance levels) make it more appropriate for its orders to be handled on a separate basis or if Coatue Management otherwise determines that aggregation is not in the best interest of a Client based on the relevant facts and circumstances. In addition, in such circumstances where it is believed that aggregation is not in the best interest of a Client account, the proprietary account will trade after the Client account, if appropriate under the circumstance and given the strategy for the proprietary account. As a result of the foregoing, certain trades in the same financial instrument for one account (including an account in which Coatue Management (or a member of the Coatue Group) and its personnel may have a direct or indirect interest) has in the past and will in the future receive more or less favorable prices or terms than another Client, and orders placed later may not be filled entirely or at all, based upon the prevailing market prices at the time of the order or trade. Furthermore, in certain circumstances in connection with the investment mandate of a Client, Coatue Management evaluates the holdings of each Client’s portfolio independent of a review of the portfolios of other Clients, which will lead to similar investment decisions being made at different times for one or more Client and accordingly, purchases and sales are not aggregated in those instances. With respect to instances where decisions are made at different times for certain Clients, those Clients will often invest at different prices and it may not be possible to aggregate trades that are made at different times of the day depending on when the trader order is placed for the applicable Client. Additionally, members of the Coatue Group may also trade at different times of the day compared to Client accounts and those trades are often not aggregated depending on when the trade order is placed; provided, however, that such trades are subject to prior approval by Coatue Management’s compliance department which evaluates those trades and places certain conditions on the trades as deemed appropriate under the circumstances at the time.

Coatue Management has for certain Clients agreed, and expects to continue to agree, to pay thirdparty placement agents that refer investors to a Client or assist with the distribution efforts with respect to a Client. The compensation typically paid to these placement agents includes a portion of the fixed fee and/or incentive allocation earned by Coatue Management or its affiliate in respect of investors referred by such placement agents or, where applicable, a fixed fee based on the aggregate capital commitments to or investments in a Client in respect of investors referred by such placement agents. Investors generally are not subject to any incremental fees in connection with the referral unless incremental fees are payable by the investor directly to the placement agent under the terms of a separate arrangement between the investor and the placement agent (to which Coatue Management is not a party). Additionally, with respect to CTEK, there are distribution and servicing fees applicable to certain share classes as further described in the Prospectus. The referral arrangements described above involve potential conflicts of interest because the placement agent may have an incentive to favor sales of interests in a Client over sales of other investment products for which the agent will receive lower or no fees. Prospective and existing investors should consider this potential conflict of interest when evaluating any recommendation or referral by an agent regarding an investment in a Client. Coatue Management may also receive investor referrals from brokers that provide execution and other services to Clients. See the description in Item 12 - Brokerage for Client Referrals above.

There are no legal or disciplinary events that are material to Coatue Management’s investment advisory business or the integrity of Coatue Management’s management.

Frequency and Nature of Review Coatue Management regularly reviews Client portfolios in the course of managing the portfolios, as needed in its discretion based on the Client’s investment objective and mandate. The size of each position is generally based on its liquidity, conviction, potential reward and risk. Detailed financial models and other modes of analysis are used to measure and monitor positions in the portfolio. Information is analyzed and tracked on an ongoing basis by the analysts and the portfolio manager and used to adjust or eliminate positions. Regular Reports Investors in certain Funds regularly receive periodic reports from those Funds, including (i) unaudited weekly performance reports, (ii) monthly and/or quarterly statistical abstracts including gross and net exposures, an explanation of profit and loss attribution and certain other information, and (iii) audited annual financial statements as of the end of the applicable fiscal year. Each Fund’s offering memorandum and/or other governing documents includes reporting specific to that Fund. Clients other than the Funds will receive such reports as specified in their governing documents. Investors in CTEK receive reports in the manner described in its governing documents and as required under the 1940 Act.

Coatue Management (or its affiliates) may have custody of Client assets due to serving as the general partner to a limited partnership or serving in a similar capacity. Coatue Management intends to comply with Rule 206(4)-2 of the Advisers Act (the “Custody Rule”) by meeting the conditions of the pooled vehicle annual audit provision to the extent that Coatue Management has custody of the assets in the Client account. Coatue Management does not have custody with respect to the assets of CTEK.

Coatue Management provides investment advisory services primarily on a discretionary basis to Clients. This means that with respect to those Clients, Coatue Management has the authority to determine (i) the securities to be purchased and sold for the Client (subject to restrictions on its activities set forth in the applicable investment management agreement and any written investment guidelines) and (ii) the amount of securities to be purchased or sold for the Client, in each case without notice to, consulting with or seeking the consent of the Client prior to engaging in such transactions. Coatue Management has been granted discretionary authority to manage the assets of the Clients pursuant to investment management or similar agreements. There are generally no limitations placed on such authority, however, to the extent there are any limitations to Coatue Management’s discretionary authority for Clients, they are described in the Client’s governing documents. Any non-discretionary arrangements are subject to the limitations set forth in the applicable agreement with such Client based on the services provided by Coatue Management.

Coatue Management has adopted policies and procedures in accordance with Rule 206(4) – 6 under the Advisers Act, and accordingly, Coatue Management has been delegated the authority to vote corporate proxies on behalf of Clients. In doing so, Coatue Management complies with its proxy voting policies and procedures that are designed to ensure that in cases where Coatue Management votes proxies with respect to Client securities, such proxies are voted in the best interests of each Client, to the extent applicable. CTEK has also adopted a proxy voting policy. In voting proxies, Coatue Management utilizes the services of a third-party proxy agent (the “Proxy Voting Service”) that provides Coatue Management with its research on proxies and facilitates the electronic voting of proxies. Coatue Management periodically reviews the proxy voting policies, procedures and methodologies, conflicts of interest and competency of the Proxy Voting Service. Coatue Management follows the Proxy Voting Service’s Sustainability Policy, which it believes is generally in the Clients’ best interests, including Clients’ sustainability objectives unless it determines that the proxy voting recommendation presents a conflict of interest or is otherwise not in the best interest of the relevant Client(s). Coatue Management will monitor proxies for potential conflicts of interest, including any conflict between Coatue Management and a Client. In the event that Coatue Management determines that it is not in the best interest of a Client to vote a particular proxy in accordance with the Proxy Voting Service’s Sustainability Policy, including because of a conflict of interest, Coatue Management may abstain from the vote or deviate from the Proxy Voting Service’s Sustainability Policy. Such deviations from the Proxy Voting Service’s Sustainability Policy must be approved by its Chief Compliance Officer and documented. Additionally, in the unlikely event that there is a conflict of interest between Coatue Management and a Client with respect to voting proxies, Coatue Management will determine whether voting in accordance with the guidelines set forth in its proxy voting policies and procedures (as described above) is in the best interests of the Client. Clients may view a copy of Coatue Management’s proxy voting policies and procedures and information about how Coatue Management voted a Client’s proxies on-site by making a written request by email to compliance@coatue.com or by regular mail to Coatue Management, L.L.C., Attn: Legal and Compliance Department, 9 West 57th Street, 25th Floor, New York, New York 10019.

Coatue Management is not required to include a balance sheet for its most recent fiscal year, is not aware of any financial condition reasonably likely to impair its ability to meet contractual commitments to Clients, and has not been the subject of a bankruptcy petition at any time during the past ten years.