##### Investment Advisory Arrangements
Subject to the overall responsibility of the Directors, the Management Company will provide or procure for each Portfolio investment advisory and discretionary investment management services, pursuant to the provisions of the Management Company Services Agreement.
In order to implement the investment policies of each Portfolio, the Management Company has delegated the management of the assets of each Portfolio to the Sub-Advisors listed below pursuant to a Sub-Advisory agreement with each Sub-Advisor. The Sub-Advisors provide the Management Company with management or advisory services in relation to Portfolio assets and also provide investment research and credit analysis concerning prospective and existing Portfolio investments. Each Sub-Advisor has day-to-day investment responsibility in respect of the relevant Portfolios. The Management Company is responsible for paying the fees of such Sub-Advisors as set forth in the section “Fees and Expenses”.
- Columbia Management Investment Advisers, LLC, 225 Franklin Street, Boston, MA 02110, United States, acts as Sub-Advisor to Emerging Market ESG Equities, Global Emerging Market Equities, Global Technology, US High Yield Bond, US Contrarian Core Equities and US Disciplined Core Equities. With respect to such Portfolios, Columbia Management Investments Advisers, LLC will enter into commission sharing arrangements that comply with the requirements of the U.S. Securities and Exchange Commission and the conditions detailed in the Prospectus under the heading “Commission Sharing Arrangements”.

Translation (ENFR, 2023-01-01):
##### Accords de conseil en investissement
Sous la responsabilité générale des Administrateurs, la Société de Gestion fournira ou procurera, pour chaque Compartiment, des services de conseil en investissement et de gestion discrétionnaire d’investissement, conformément aux dispositions du Contrat de Services de Société de Gestion.
Afin de mettre en œuvre les politiques d’investissement de chaque Compartiment, la Société de Gestion a délégué la gestion des actifs de chaque Compartiment aux Sous-Conseillers dont la liste suit en vertu d’un contrat de Sous-Conseiller, conclu avec chaque Sous-Conseiller. Les Sous-Conseillers fournissent à la Société de Gestion les services de gestion ou de conseil liés aux actifs du Compartiment et fournissent également des services de recherche et d’analyse de crédit concernant les investissements futurs ou actuels du Compartiment. Chaque Sous-Conseiller est responsable au quotidien des investissements des Compartiments concernés. La Société de Gestion sera tenue de verser les commissions dues auxdits Sous-Conseillers dans les conditions prévues à la section « Frais et Commissions ».
- Columbia Management Investment Advisers, LLC, 225 Franklin Street, Boston MA 02110, États-Unis d’Amérique, agit en qualité de Sous-Conseiller pour les Compartiments Emerging Market ESG Equities, Global Emerging Market Equities, Global Technology, US High Yield Bond, US Contrarian Core Equities et US Disciplined Core Equities. Concernant lesdits Compartiments, Columbia Management Investments Advisers, LLC conclura des accords de partage de commissions respectant les directives de la Securities and Exchange Commission (SEC) des États-Unis, ainsi que les conditions indiquées dans le Prospectus à la section intitulée « Accords de partage de commissions ».