Aksia LLC

Item 5: Fees and Compensation

E. Additional Compensation and Conflicts of Interest.
Aksia and its investment personnel manage multiple Client accounts, which creates a conflict of interest
because Aksia may have an incentive to favor Client accounts that pay Aksia performance-based
compensation or higher fees. Aksia has adopted and implemented policies and procedures intended to
address conflicts of interest relating to the management of multiple Client accounts. In particular, Aksia’s
procedures relating to the allocation of investment opportunities set forth the process by which Aksia
allocates investments among accounts, and Aksia has implemented procedures to document and review
such allocations, as described in Item 16.

Item 7: Types of Clients

Aksia’s Clients are U.S. and non-U.S. accredited investors that primarily include pension plans,
government-affiliated funds, endowments, foundations, financial institutions, registered investment
companies, charitable organizations, family offices, and superannuation funds. From time to time, Aksia
may also form investment vehicles owned by Aksia, its members, its employees and/or its affiliates, that
invest (directly or indirectly) in Investment Management Clients. Aksia is not precluded from advising
types of clients that are not listed above