# EDGAR Filing Document

**Accession Number:** 0000773757
**File Stem:** 0001193125-25-132962
**Filing Date:** 2025-6
**Character Count:** 388345
**Document Hash:** 2f033ab949bd1bb9ecb173bad80ed9ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-132962.hdr.sgml**: 20250602

**ACCESSION NUMBER**: 0001193125-25-132962

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250602

**DATE AS OF CHANGE**: 20250602

**EFFECTIVENESS DATE**: 20250602

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000773757

**ORGANIZATION NAME:**
- **EIN:** 363376651
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-99356
- **FILM NUMBER:** 251013509

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COLUMBIA FUNDS TRUST IX
- **DATE OF NAME CHANGE:** 20031107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19991025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

**As filed with the Securities and Exchange Commission on June 2, 2025.** 

**Registration Nos. 2-99356** <br>**811-04367**

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**UNITED STATES** <br>**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

------

**Form N-1A** <br>**REGISTRATION STATEMENT** 

***UNDER*** 

***THE SECURITIES ACT OF 1933***

☒

Pre-Effective Amendment No.

☐

Post-Effective Amendment No. 427

☒

**and/or** 

**REGISTRATION STATEMENT** 

***UNDER*** <br>

***THE INVESTMENT COMPANY ACT OF 1940***

☒

Amendment No. 431

☒

**(Check Appropriate Box or Boxes)** 

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**COLUMBIA FUNDS SERIES TRUST I** 

**(Exact Name of Registrant as Specified in Charter)** 

------

**290 Congress Street, Boston, Massachusetts 02210** <br>**(Address of Principal Executive Offices) (Zip Code)** 

**Registrant's Telephone Number, Including Area Code: (800) 345-6611** 

------

---

| | |
|:---|:---|
| **Daniel J. Beckman**<br> **c/o Columbia Management Investment Advisers, LLC**<br> **290 Congress Street**<br> **Boston, Massachusetts 02210**<br>| &nbsp;&nbsp; **Ryan C. Larrenaga, Esq.**<br> **c/o Columbia Management Investment Advisers, LLC**<br> **290 Congress Street**<br> **Boston, Massachusetts 02210**<br>|

---

**(Name and Address of Agents for Service)** 

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It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d).

This Post-Effective Amendment relates to all series of the Registrant.

**EXPLANATORY NOTE**

This Post-Effective Amendment No. 427 to the Registration Statement on Form N-1A (File No. 2-99356) is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the "Securities Act"), solely for the purpose of adding exhibits to such Registration Statement. Accordingly, this Post-Effective Amendment No. 427 consists only of a facing page, this explanatory note, and Part C of the Registration Statement on Form N-1A. This Post-Effective Amendment No. 427 does not change the form of any prospectus or Statement of Additional Information included in post-effective amendments previously filed with the Securities and Exchange Commission (the "SEC"). As permitted by Rule 462(d), this Post-Effective Amendment No. 427 shall become effective upon filing with the SEC.

------

**PART C. OTHER INFORMATION**

**Item 28. Exhibits** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (a)(1) | [Second Amended and Restated](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw1.txt)<br> [Agreement and Declaration of Trust,](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw1.txt)<br> [effective August 10, 2005](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw1.txt)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #40 <br> on Form N-1A<br>(a)(1) | 9/16/2005 |
| (a)(2) | [Amendment No. 1 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw2.txt)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw2.txt)<br> [of Trust, effective September 19, 2005](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99waw2.txt)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #40 <br> on Form N-1A<br>(a)(2) | 9/16/2005 |
| (a)(3) | [Amendment No. 2 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312518010967/d457718dex99a3.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312518010967/d457718dex99a3.htm)<br> [of Trust, effective December 13, 2017](https://www.sec.gov/Archives/edgar/data/773757/000119312518010967/d457718dex99a3.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #313 on Form <br> N-1A<br>(a)(3) | 1/16/2018 |
| (a)(4) | [Amendment No. 3 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99a4.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99a4.htm)<br> [of Trust, effective March 7, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99a4.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #318 on Form <br> N-1A<br>(a)(4) | 3/29/2018 |
| (a)(5) | [Amendment No. 4 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312518356170/d663042dex99a5.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312518356170/d663042dex99a5.htm)<br> [of Trust, effective December 13, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518356170/d663042dex99a5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #342 on Form <br> N-1A<br>(a)(5) | 12/21/2018 |
| (a)(6) | [Amendment No. 5 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99a6.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99a6.htm)<br> [of Trust, effective June 12, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99a6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #351 on Form <br> N-1A<br>(a)(6) | 6/21/2019 |
| (a)(7) | [Amendment No. 6 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99a7.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99a7.htm)<br> [of Trust, effective December 11, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99a7.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #369 on Form <br> N-1A<br>(a)(7) | 12/20/2019 |
| (a)(8) | [Amendment No. 7 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312520325459/d52240dex99a8.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312520325459/d52240dex99a8.htm)<br> [of Trust, effective October 9, 2020](https://www.sec.gov/Archives/edgar/data/773757/000119312520325459/d52240dex99a8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #383 on Form <br> N-1A<br>(a)(8) | 12/23/2020 |
| (a)(9) | [Amendment No. 8 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312521226743/d197044dex99a9.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312521226743/d197044dex99a9.htm)<br> [of Trust, effective July 19, 2021](https://www.sec.gov/Archives/edgar/data/773757/000119312521226743/d197044dex99a9.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #386 on Form <br> N-1A<br>(a)(9) | 7/28/2021 |
| (a)(10) | [Amendment No. 9 to Second Amended](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99a10.htm)<br> [and Restated Agreement and Declaration](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99a10.htm)<br> [of Trust, effective June 23, 2022](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99a10.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #395 on Form <br> N-1A<br>(a)(10) | 7/18/2022 |
| (a)(11) | [Amendment No. 10 to Second](https://www.sec.gov/Archives/edgar/data/773757/000119312522250740/d402612dex99a11.htm)<br> [Amendment and Restated Declaration of](https://www.sec.gov/Archives/edgar/data/773757/000119312522250740/d402612dex99a11.htm)<br> [Trust, effective September 1, 2022](https://www.sec.gov/Archives/edgar/data/773757/000119312522250740/d402612dex99a11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #398 on Form <br> N-1A<br>(a)(11) | 9/26/2022 |
| (a)(12) | [Amendment No. 11 to Second](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99a12.htm)<br> [Amendment and Restated Declaration of](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99a12.htm)<br> [Trust, effective December 14, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99a12.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #413 on Form <br> N-1A<br>(a)(12) | 2/26/2024 |
| (a)(13) | [Amendment No. 12 to Second](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99a13.htm)<br> [Amendment and Restated Declaration of](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99a13.htm)<br> [Trust, effective March 27, 2025](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99a13.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(a)(13) | 4/1/2025 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (b) | [By-Laws as amended November 2020](https://www.sec.gov/Archives/edgar/data/773757/000119312520325459/d52240dex99b.htm) | Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #383 on Form <br> N-1A<br>(b) | 12/23/2020 |
| (c) | Not Applicable. |  |  |  |  |  |
| (d)(1) | [Amended and Restated Management](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br> [Agreement, as of April 25, 2016,](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br> [Investment Advisers, LLC, Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br> [Funds Variable Insurance Trust and the](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br> [Registrant](https://www.sec.gov/Archives/edgar/data/773757/000119312516559021/d159478dex99d1.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #257 on Form <br> N-1A<br>(d)(1) | 4/27/2016 |
| (d)(1)(i) | [Schedule A and Schedule B, effective](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [July 1, 2024, to the Management](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [Agreement (amended and restated),](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [dated April 25, 2016, between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [Management Investment Advisers, LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [the Registrant, and Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br> [Variable Insurance Trust](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d1i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #418 on Form <br> N-1A<br>(d)(1)(i) | 7/26/2024 |
| (d)(2) | [Amended and Restated Management](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br> [Agreement, as of June 1, 2023, between](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br> [Advisers, LLC, Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br> [Variable Insurance Trust and the](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br> [Registrant](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99d2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #406 on Form <br> N-1A<br>(d)(2) | 7/26/2023 |
| (d)(2)(i) | [Schedule A and Schedule B, as of March](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br> [27, 2025, to the Management Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br> [Investment Advisers, LLC, Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br> [Funds Variable Insurance Trust and the](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br> [Registrant, as of June 1, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99d2i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(d)(2)(i) | 4/1/2025 |
| (d)(3) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br> [Advisers, LLC and AlphaSimplex](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br> [Group, LLC, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br> [Manager Alternative Strategies Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br> [effective March 15, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #407 on Form <br> N-1A<br>(d)(4) | 8/24/2023 |
| (d)(3)(i) | [Addendum, dated March 15, 20232, to](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [Advisers, LLC and AlphaSimplex](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [Group, LLC, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [Manager Alternative Strategies Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br> [dated March 15, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99d4i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #407 on Form <br> N-1A<br>(d)(4)(i) | 8/24/2023 |
| (d)(4) | [Amended and Restated Subadvisory](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [Agreement, dated December 13, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [Investment Advisers, LLC and AQR](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [Capital Management, LLC, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [Multi-Manager Alternative Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br> [Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312519178493/d722207dex99d3iii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #351 on Form <br> N-1A<br>(d)(3)(iii) | 6/21/2019 |
| (d)(4)(i) | [Amendment No. 1, as of June 12, 2019,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [to the Amended and Restated](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [Advisers, LLC and AQR Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [Management, LLC, dated December 13,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br> [2018](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3iv.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(3)(iv) | 9/24/2019 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(4)(ii) | [Addendum, dated June 12, 2019, to the](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [Amended and Restated Subadvisory](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [Agreement dated December 13, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [Investment Advisers, LLC and AQR](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [Capital Management, LLC with respect](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br> [to CMSAF2 Offshore Fund, Ltd](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d3vi.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(3)(vi) | 9/24/2019 |
| (d)(5) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br> [Advisers, LLC and Arrowstreet Capital,](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br> [Limited Partnership, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br> [Manager International Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br> [Fund, dated March 7, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d18.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #324 on Form <br> N-1A<br>(d)(18) | 5/4/2018 |
| (d)(6) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br> [Advisers, LLC and Baillie Gifford](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br> [Overseas Limited, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br> [Manager International Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br> [Fund, effective March 7, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d19.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #324 on Form <br> N-1A<br>(d)(19) | 5/4/2018 |
| (d)(6)(i) | [Amendment No. 1, dated March 11,](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [2020, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [Investment Advisers, LLC and Baillie](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [Gifford Overseas Limited, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [Multi-Manager International Equity](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br> [Strategies Fund, effective May 14, 2018](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d3.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #374 on Form <br> N-1A<br>(d)(16)(i) | 4/27/2020 |
| (d)(6)(ii) | [Amendment No. 2, dated September 27,](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [2024, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [Investment Advisers, LLC and Baillie](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [Gifford Overseas Limited, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [Multi-Manager International Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [Strategies Fund, effective May 14, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br> [as amended, March 11, 2020](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99d7ii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #421 on Form <br> N-1A<br>(d)(7)(ii) | 11/25/2024 |
| (d)(7) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br> [Advisers, LLC and Boston Partners](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br> [Global Investors Inc., on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br> [Manager Directional Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br> [Strategies Fund, dated August 18, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99d15.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #276 on Form <br> N-1A<br>(d)(15) | 9/30/2016 |
| (d)(7)(i) | [Amendment No. 1, dated June 26, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [to the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [Advisers, LLC and Boston Partners](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [Global Investors Inc., on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [Manager Directional Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br> [Strategies Fund, dated August 18, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d14i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #338 on Form <br> N-1A<br>(d)(14)(i) | 11/27/2018 |
| (d)(8) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br> [Advisers, LLC and Causeway Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br> [Management LLC, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br> [Manager International Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br> [Fund, effective March 7, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99d20.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #324 on Form <br> N-1A<br>(d)(20) | 5/4/2018 |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(8)(i) | [Amendment 1, dated March 10, 2023, to](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Advisers, LLC and Causeway Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Management LLC, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Manager International Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br> [Fund, effective March 7, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99d16i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #404 on Form <br> N-1A<br>(d)(16)(i) | 4/27/2023 |
| (d)(9) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312514324895/d778356dex99d11.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312514324895/d778356dex99d11.htm)<br> [Advisers, LLC and Conestoga Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312514324895/d778356dex99d11.htm)<br> [Advisors, LLC, dated June 11, 2014](https://www.sec.gov/Archives/edgar/data/773757/000119312514324895/d778356dex99d11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #205 on Form <br> N-1A<br>(d)(11) | 8/28/2014 |
| (d)(9)(i) | [Amendment No. 1, dated June 1, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d11i.htm)<br> [to the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d11i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d11i.htm)<br> [Advisers, LLC and Conestoga Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d11i.htm)<br> [Advisors, LLC, dated June 11, 2014](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d11i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #338 on Form <br> N-1A<br>(d)(11)(i) | 11/27/2018 |
| (d)(9)(ii) | [Amendment No. 2, dated December 11,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br> [2019, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br> [Investment Advisers, LLC and](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br> [Conestoga Capital Advisors, LLC, dated](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br> [June 11, 2014](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d8ii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #369 on Form <br> N-1A<br>(d)(8)(ii) | 12/20/2019 |
| (d)(10) | [Subadvisory Agreement dated October](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br> [15, 2021, between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br> [and Crabel Capital Management, LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br> [on behalf of Multi-Manager Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br> [Strategies Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #393 on Form <br> N-1A<br>(d)(22) | 2/25/2022 |
| (d)(10)(i) | [Addendum dated October 15, 2021, to](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [the Subadvisory Agreement dated](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [October 15, 2021, between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [and Crabel Capital Management, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [with respect to ASMF Offshore Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br> [Ltd](https://www.sec.gov/Archives/edgar/data/773757/000119312522053524/d304411dex99d22i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #393 on Form <br> N-1A<br>(d)(22)(i) | 2/25/2022 |
| (d)(11) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [Advisers, LLC and Hotchkis and Wiley](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [Capital Management, LLC, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [Multi-Manager Small Cap Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [Strategies Fund, dated December 13,](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br> [2018](https://www.sec.gov/Archives/edgar/data/773757/000119312519037081/d693406dex99d22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #344 on Form <br> N-1A<br>(d)(22) | 2/13/2019 |
| (d)(11)(i) | [Amendment No. 1 dated December 16,](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [2020, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [Investment Advisers, LLC and Hotchkis](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [and Wiley Capital Management, LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [on behalf of Multi-Manager Small Cap](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [Equity Strategies Fund, dated December](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br> [13, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99d21i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #384 on Form <br> N-1A<br>(d)(21)(i) | 2/25/2021 |
| (d)(12) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br> [Advisers, LLC and Jacobs Levy Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br> [Management, Inc., on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br> [Manager Small Cap Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br> [Fund, effective July 18, 2022](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99d23.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #395 on Form <br> N-1A<br>(d)(23) | 7/18/2022 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(13) | [Amended and Restated Subadvisory](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [Agreement between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [and J.P. Morgan Investment Management](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [Inc., on behalf of Multi-Manager Small](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [Cap Equity Strategies Fund, dated](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br> [November 23, 2021](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99d19.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #392 on Form <br> N-1A<br>(d)(19) | 2/17/2022 |
| (d)(13)(i) | [Amendment No. 1, dated September 9,](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [2022, to the Amended and Restated](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Advisers, LLC and J.P. Morgan](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Investment Management Inc., on behalf](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [of Multi-Manager Growth Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Fund and Multi-Manager Small Cap](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [Equity Strategies Fund, dated November](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br> [23, 2021](https://www.sec.gov/Archives/edgar/data/773757/000119312522256287/d399791dex99d19i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #399 on Form <br> N-1A<br>(d)(19)(i) | 10/3/2022 |
| (d)(13)(ii) | [Amendment No. 2, dated March 27,](d850985dex99d13ii.htm)<br> [2025, to the Amended and Restated](d850985dex99d13ii.htm)<br> [Subadvisory Agreement between](d850985dex99d13ii.htm)<br> [Columbia Management Investment](d850985dex99d13ii.htm)<br> [Advisers, LLC and J.P. Morgan](d850985dex99d13ii.htm)<br> [Investment Management Inc., on behalf](d850985dex99d13ii.htm)<br> [of Multi-Manager Large Cap Growth](d850985dex99d13ii.htm)<br> [Strategies Fund, Multi-Manager Growth](d850985dex99d13ii.htm)<br> [Strategies Fund and Multi-Manager](d850985dex99d13ii.htm)<br> [Small Cap Equity Strategies Fund, dated](d850985dex99d13ii.htm)<br> [November 23, 2021](d850985dex99d13ii.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(d)(13)(ii) | 6/2/2025 |
| (d)(14) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d12.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d12.htm)<br> [Advisers, LLC and Loomis, Sayles and](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d12.htm)<br> [Company, L.P., dated December 4, 2013](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d12.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #196 on Form <br> N-1A<br>(d)(12) | 5/30/2014 |
| (d)(14)(i) | [Amendment No.1, dated March 9, 2016,](https://www.sec.gov/Archives/edgar/data/773757/000119312516536442/d124285dex99d14i.htm)<br> [to the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312516536442/d124285dex99d14i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312516536442/d124285dex99d14i.htm)<br> [Advisers, LLC and Loomis, Sayles and](https://www.sec.gov/Archives/edgar/data/773757/000119312516536442/d124285dex99d14i.htm)<br> [Company, L.P., dated December 4, 2013](https://www.sec.gov/Archives/edgar/data/773757/000119312516536442/d124285dex99d14i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #256 on Form <br> N-1A<br>(d)(14)(i) | 4/11/2016 |
| (d)(14)(ii) | [Amendment No. 2, dated December 11,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [2019, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [Investment Advisers, LLC and Loomis,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [Sayles and Company, L.P., dated](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [December 4, 2013 and amended March](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br> [9, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d9ii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #369 on Form <br> N-1A<br>(d)(9)(ii) | 12/20/2019 |
| (d)(14)(iii) | [Amendment No.3, dated March 11,](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [2020, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [Investment Advisers, LLC and Loomis,](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [Sayles and Company, L.P., dated](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [December 4, 2013 and amended March](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br> [9, 2016 and December 11, 2019](https://www.sec.gov/Archives/edgar/data/773757/000168386320005712/f3605d2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #374 on Form <br> N-1A<br>(d)(9)(iii) | 4/27/2020 |
| (d)(14)(iv) | [Amendment No.4, dated March 27,](d850985dex99d14iv.htm)<br> [2025, to the Subadvisory Agreement](d850985dex99d14iv.htm)<br> [between Columbia Management](d850985dex99d14iv.htm)<br> [Investment Advisers, LLC and Loomis,](d850985dex99d14iv.htm)<br> [Sayles and Company, L.P., dated](d850985dex99d14iv.htm)<br> [December 4, 2013 and amended March](d850985dex99d14iv.htm)<br> [9, 2016 and December 11, 2019](d850985dex99d14iv.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(d)(14)(iv) | 6/2/2025 |

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------

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(15) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br> [Advisers, LLC and Los Angeles Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br> [Management LLC, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br> [Manager Growth Strategies Fund, dated](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br> [September 21, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312524045990/d773023dex99d16.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #413 on Form <br> N-1A<br>(d)(16) | 2/26/2024 |
| (d)(15)(i) | [Amendment No. 1, dated March 27,](d850985dex99d15i.htm)<br> [2025 to Subadvisory Agreement](d850985dex99d15i.htm)<br> [between Columbia Management](d850985dex99d15i.htm)<br> [Investment Advisers, LLC and Los](d850985dex99d15i.htm)<br> [Angeles Capital Management LLC, on](d850985dex99d15i.htm)<br> [behalf of Multi-Manager Large Cap](d850985dex99d15i.htm)<br> [Growth Strategies Fund and Multi-](d850985dex99d15i.htm)<br> [Manager Growth Strategies Fund, dated](d850985dex99d15i.htm)<br> [September 21, 2023](d850985dex99d15i.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(d)(15)(i) | 6/2/2025 |
| (d)(16) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br> [Advisers, LLC and Manulife Asset](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br> [Management (US) LLC, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br> [Multi-Manager Alternative Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br> [Fund, effective August 16, 2017](https://www.sec.gov/Archives/edgar/data/773757/000119312517283593/d424995dex99d17.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #304 on Form <br> N-1A<br>(d)(17) | 9/13/2017 |
| (d)(17) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312516591356/d136097dex99d6.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312516591356/d136097dex99d6.htm)<br> [Advisers, LLC and PGIM, Inc., the asset](https://www.sec.gov/Archives/edgar/data/773757/000119312516591356/d136097dex99d6.htm)<br> [management arm of Prudential](https://www.sec.gov/Archives/edgar/data/773757/000119312516591356/d136097dex99d6.htm)<br> [Financial, dated March 9, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312516591356/d136097dex99d6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #259 on Form <br> N-1A<br>(d)(6) | 5/16/2016 |
| (d)(17)(i) | [Amendment No. 1, dated June 29, 2018,](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br> [to the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br> [Advisers, LLC and PGIM, Inc., the asset](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br> [management arm of Prudential](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br> [Financial, dated March 9, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312518335095/d644837dex99d6i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #338 on Form <br> N-1A<br>(d)(6)(i) | 11/27/2018 |
| (d)(17)(ii) | [Amendment No. 2, dated December 11,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [2019, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [Investment Advisers, LLC and PGIM,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [Inc., the asset management arm of](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [Prudential Financial, dated March 9,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br> [2016](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d4ii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #369 on Form <br> N-1A<br>(d)(4)(ii) | 12/20/2019 |
| (d)(17)(iii) | [Amendment No. 3, dated November 1,](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [2022, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [Investment Advisers, LLC and PGIM,](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [Inc., the asset management arm of](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [Prudential Financial, dated March 9,](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br> [2016](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d4iii.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #400 on Form <br> N-1A<br>(d)(4)(iii) | 11/22/2022 |
| (d)(18) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [Advisers, LLC and PGIM Quantitative](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [Solutions LLC (formerly known as](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [QMA LLC), on behalf of Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [Multi Strategy Alternatives Fund, dated](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br> [June 12, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(22) | 9/24/2019 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(18)(i) | [Addendum to the Subadvisory](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br> [Agreement between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br> [and PGIM Quantitative Solutions LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br> [on behalf of Columbia Multi Strategy](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br> [Alternatives Fund, dated June 12, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d22i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(22)(i) | 9/24/2019 |
| (d)(19) | [Subadvisory Agreement dated March 14,](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br> [2024, between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br> [Investment Advisers, LLC and Summit](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br> [Partners Public Asset Management,](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br> [LLC, on behalf of Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br> [Directional Alternative Strategies Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99d20.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #418 on Form <br> N-1A<br>(d)(20) | 7/26/2024 |
| (d)(20) | [Subadvisory Agreement dated February](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [6, 2013, and Amendment No. 1, dated](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [January 24, 2014, to the Subadvisory](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [agreement between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [and TCW Investment Management](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br> [Company LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d7.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #196 on Form <br> N-1A<br>(d)(5) | 5/30/2014 |
| (d)(20)(i) | [Amendment No. 2, dated January 25,](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br> [2017, to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br> [Investment Advisers, LLC and TCW](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br> [Investment Management Company LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br> [dated February 6, 2013](https://www.sec.gov/Archives/edgar/data/773757/000119312517101002/d368942dex99d7.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #293 on Form <br> N-1A<br>(d)(7) | 3/29/2017 |
| (d)(20)(ii) | [Amendment No. 3, dated November 1,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br> [2019 to the Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br> [Investment Advisers, LLC and TCW](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br> [Investment Management Company LLC,](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br> [dated February 6, 2013](https://www.sec.gov/Archives/edgar/data/773757/000119312519320574/d831238dex99d5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #369 on Form <br> N-1A<br>(d)(5) | 12/20/2019 |
| (d)(20)(iii) | [Addendum – Authorization to Enter Into](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br> [Over-The-Counter And/Or Exchange](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br> [Traded Derivatives between Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br> [and TCW Investment Management](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br> [Company LLC, dated March 7, 2012](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99d71.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #196 on Form <br> N-1A<br>(d)(7)(1) | 5/30/2014 |
| (d)(21) | [Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br> [Advisers, LLC and Voya Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br> [Management Co. LLC, on behalf of](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br> [Multi-Manager Total Return Bond](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br> [Strategies Fund, dated October 24, 2018](https://www.sec.gov/Archives/edgar/data/773757/000119312518343266/d666056dex99d22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #339 on Form <br> N-1A<br>(d)(22) | 12/6/2018 |
| (d)(21)(i) | [Amendment No. 1, dated November 1,](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [2022, to Subadvisory Agreement](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [between Columbia Management](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [Investment Advisers, LLC and Voya](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [Investment Management Co. LLC, on](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [behalf of Multi-Manager Total Return](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [Bond Strategies Fund, dated October 24,](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br> [2018](https://www.sec.gov/Archives/edgar/data/773757/000119312522290963/d412040dex99d18i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #400 on Form <br> N-1A<br>(d)(18) | 11/22/2022 |
| (d)(22) | [Subadvisory Agreement, dated March](https://www.sec.gov/Archives/edgar/data/1413032/000119312520143509/d930611dex99d24.htm)<br> [17, 2020, between Columbia](https://www.sec.gov/Archives/edgar/data/1413032/000119312520143509/d930611dex99d24.htm)<br> [Management Investment Advisers, LLC](https://www.sec.gov/Archives/edgar/data/1413032/000119312520143509/d930611dex99d24.htm)<br> [and Walter Scott & Partners Limited](https://www.sec.gov/Archives/edgar/data/1413032/000119312520143509/d930611dex99d24.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Variable Series <br> Trust II<br>| 333-146374 | Post-Effective <br> Amendment #73 <br> on Form N-1A<br>(d)(24) | 5/15/2020 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (d)(22)(i) | [Amendment No. 1, dated June 27, 2024,](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [to the Subadvisory Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [Advisers, LLC and Walter Scott &](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [Partners Limited, on behalf of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [Manager International Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br> [Fund, dated March 17, 2020](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99d24i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #419 on Form <br> N-1A<br>(d)(24)(i) | 8/23/2024 |
| (d)(23) | [Management Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [Advisers, LLC and CMSAF1 Offshore](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [Fund Ltd., a subsidiary of Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [Multi Strategy Alternatives Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [(formerly Columbia Alternative Beta](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br> [Fund), effective July 15, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d23.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(23) | 9/24/2019 |
| (d)(24) | [Management Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br> [Advisers, LLC and CMSAF2 Offshore](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br> [Fund Ltd., a subsidiary of Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br> [Multi Strategy Alternatives Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br> [effective July 3, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d24.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(24) | 9/24/2019 |
| (d)(25) | [Management Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br> [Advisers, LLC and CMSAF3 Offshore](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br> [Fund Ltd., a subsidiary of Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br> [Multi Strategy Alternatives Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br> [effective July 3, 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519253366/d809335dex99d25.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #360 on Form <br> N-1A<br>(d)(25) | 9/24/2019 |
| (d)(26) | [Management Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br> [Advisers, LLC and ASGM Offshore](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br> [Fund, Ltd., a subsidiary of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br> [Manager Alternative Strategies Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br> [effective January 1, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #248 on Form <br> N-1A<br>(d)(22) | 12/22/2015 |
| (d)(27) | [Management Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br> [Advisers, LLC and ASMF Offshore](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br> [Fund, Ltd., a subsidiary of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br> [Manager Alternative Strategies Fund,](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br> [effective January 1, 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312515410544/d77151dex99d23.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #248 on Form <br> N-1A<br>(d)(23) | 12/22/2015 |
| (e)(1) | [Distribution Agreement by and between](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br> [the Registrant, Columbia Acorn Trust,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br> [Columbia Funds Series Trust, Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br> [Funds Series Trust II and Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br> [Management Investment Distributors,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br> [Inc., dated March 1, 2025](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(e)(1) | 4/1/2025 |
| (e)(1)(i) | [Schedule I, effective March 27, 2025,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [and Schedule II as of September 7, 2010](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [to Distribution Agreement by and](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [between the Registrant, Columbia Acorn](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [Trust, Columbia Funds Series Trust,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [Columbia Funds Series Trust II and](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br> [Distributors, Inc., dated March 1, 2025](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99e1i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(e)(1)(i) | 4/1/2025 |
| (e)(2) | [Form of Mutual Fund Sales Agreement](https://www.sec.gov/Archives/edgar/data/1352280/000119312523175680/d463029dex99e2.htm) | Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust II<br>| 333-131683 | Post-Effective <br> Amendment 238 <br> on Form N-1A<br>(e)(2) | 6/27/2023 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (f) | [Deferred Compensation Plan adopted as](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99f.htm)<br> [of December 31, 2020](https://www.sec.gov/Archives/edgar/data/773757/000119312521056216/d101592dex99f.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #384 on Form <br> N-1A<br>(f) | 2/25/2021 |
| (g)(1) | [Second Amended and Restated Master](https://www.sec.gov/Archives/edgar/data/773757/000119312511118030/dex99g2.htm)<br> [Global Custody Agreement between](https://www.sec.gov/Archives/edgar/data/773757/000119312511118030/dex99g2.htm)<br> [certain Funds and JP Morgan Chase](https://www.sec.gov/Archives/edgar/data/773757/000119312511118030/dex99g2.htm)<br> [Bank, N.A., dated March 7, 2011](https://www.sec.gov/Archives/edgar/data/773757/000119312511118030/dex99g2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #124 on Form <br> N-1A<br>(g)(2) | 4/29/2011 |
| (g)(2) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Agreement (related to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Alternative Strategies Fund, Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Manager Total Return Bond Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Fund, Multi-Manager Small Cap Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Strategies Fund and Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Growth Strategies Fund), dated March 9,](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [2012 and Addendum to Master Global](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Custody Agreement (related to](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Columbia Adaptive Risk Allocation](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br> [Fund), dated June 11, 2012](https://www.sec.gov/Archives/edgar/data/773757/000119312514219344/d733806dex99g2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #196 on Form <br> N-1A<br>(g)(2) | 5/30/2014 |
| (g)(3) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312515069371/d879319dex99g3.htm)<br> [Agreement (related to Columbia Multi](https://www.sec.gov/Archives/edgar/data/773757/000119312515069371/d879319dex99g3.htm)<br> [Strategy Alternatives Fund), dated](https://www.sec.gov/Archives/edgar/data/773757/000119312515069371/d879319dex99g3.htm)<br> [January 15, 2015](https://www.sec.gov/Archives/edgar/data/773757/000119312515069371/d879319dex99g3.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #221 on Form <br> N-1A<br>(g)(3) | 2/27/2015 |
| (g)(4) | [Side letter (related to the China Connect](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [Service on behalf of Columbia Emerging](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [Markets Fund and Columbia Greater](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [China Fund), dated March 6, 2018, to](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [the Second Amended and Restated](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [Master Global Custody Agreement with](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [JP Morgan Chase Bank, N.A., dated](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br> [March 7, 2011](https://www.sec.gov/Archives/edgar/data/773757/000119312518101461/d522614dex99g5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #318 on Form <br> N-1A<br>(g)(5) | 3/29/2018 |
| (g)(5) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99g6.htm)<br> [Agreement (related to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99g6.htm)<br> [Directional Alternative Strategies Fund)](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99g6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #276 on Form <br> N-1A<br>(g)(6) | 9/30/2016 |
| (g)(6) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99g9.htm)<br> [Agreement (related to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99g9.htm)<br> [International Equity Strategies Fund)](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99g9.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #324 on Form <br> N-1A<br>(g)(9) | 5/4/2018 |
| (g)(7) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99g10.htm)<br> [Agreement (related to Overseas SMA](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99g10.htm)<br> [Completion Portfolio)](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99g10.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #364 on Form <br> N-1A<br>(g)(10) | 9/3/2019 |
| (g)(8) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99g11.htm)<br> [Agreement (related to Multisector Bond](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99g11.htm)<br> [SMA Completion Portfolio)](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99g11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #364 on Form <br> N-1A<br>(g)(11) | 10/25/2019 |
| (g)(9) | [Addendum, effective April 1, 2016, to](https://www.sec.gov/Archives/edgar/data/773757/000119312517186756/d395079dex99g7.htm)<br> [the Second Amended and Restated](https://www.sec.gov/Archives/edgar/data/773757/000119312517186756/d395079dex99g7.htm)<br> [Master Global Custody Agreement with](https://www.sec.gov/Archives/edgar/data/773757/000119312517186756/d395079dex99g7.htm)<br> [JP Morgan Chase Bank, N.A., dated](https://www.sec.gov/Archives/edgar/data/773757/000119312517186756/d395079dex99g7.htm)<br> [March 7, 2011](https://www.sec.gov/Archives/edgar/data/773757/000119312517186756/d395079dex99g7.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #297 on Form <br> N-1A<br>(g)(7) | 5/30/2017 |
| (g)(10) | [Addendum to Master Global Custody](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99g10.htm)<br> [Agreement (related to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99g10.htm)<br> [Large Cap Growth Strategies Fund)](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99g10.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(g)(10) | 4/1/2025 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (h)(1) | [Transfer and Dividend Disbursing Agent](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Agreement by and between Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Management Investment Services Corp.,](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Columbia Acorn Trust, Columbia Credit](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Income Opportunities Fund, Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Funds Series Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Series Trust I and Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br> [Series Trust II, dated April 1, 2025](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1.htm)<br>| Incorporated by <br> Reference<br>| Columbia Acorn <br> Trust<br>| 2-34223 | Post-Effective <br> Amendment <br> #118 on Form <br> N-1A<br>(h)(1) | 4/4/2025 |
| (h)(1)(i) | [Schedule A and Schedule B, effective](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [April 1, 2025, to the Transfer and](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Dividend Disbursing Agent Agreement](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [by and between Columbia Management](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Investment Services Corp., Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Acorn Trust, Columbia Credit Income](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Opportunities Fund, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Series Trust, Columbia Funds Series](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [Trust I and Columbia Funds Series Trust](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br> [II, dated April 1, 2025](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h1i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Acorn <br> Trust<br>| 2-34223 | Post-Effective <br> Amendment <br> #118 on Form <br> N-1A<br>(h)(1)(i) | 4/4/2025 |
| (h)(2) | [Form of Indemnification Agreement](https://www.sec.gov/Archives/edgar/data/773757/000095013506001779/b59564crexv99wxhyx6y.txt) | Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #46 <br> on Form N-1A<br>(h)(6) | 3/24/2006 |
| (h)(3) | [Amended and Restated Fee Waiver and](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Expense Cap Agreement, effective April](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [1, 2025, between Columbia Management](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Investment Advisers, LLC, Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Wanger Asset Management, LLC,](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Distributors, Inc., Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Management Investment Services Corp.,](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Columbia Acorn Trust, Columbia Credit](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Income Opportunities Fund, Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Funds Series Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Series Trust I, Columbia Funds Series](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Trust II, Columbia Funds Variable](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Insurance Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Variable Series Trust II and Wanger](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br> [Advisors Trust](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Acorn <br> Trust<br>| 2-34223 | Post-Effective <br> Amendment <br> #118 on Form <br> N-1A<br>(h)(2) | 4/4/2025 |
| (h)(3)(i) | [Schedule A, as of April 1, 2025, to the](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Amended and Restated Fee Waiver and](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Expense Cap Agreement, effective April](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [1, 2025, between Columbia Management](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Investment Advisers, LLC, Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Wanger Asset Management, LLC,](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Distributors, Inc., Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Management Investment Services Corp.,](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Columbia Acorn Trust, Columbia Credit](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Income Opportunities Fund, Columbia](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Funds Series Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Series Trust I, Columbia Funds Series](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Trust II, Columbia Funds Variable](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Insurance Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Variable Series Trust II and Wanger](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br> [Advisors Trust](https://www.sec.gov/Archives/edgar/data/2110/000119312525073108/d906674dex99h2i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Acorn <br> Trust<br>| 2-34223 | Post-Effective <br> Amendment <br> #118 on Form <br> N-1A<br>(h)(2)(i) | 4/4/2025 |
| (h)(4) | [Agreement and Plan of Reorganization,](https://www.sec.gov/Archives/edgar/data/773757/000119312513240882/d532844dex99h8.htm)<br> [dated October 9, 2012](https://www.sec.gov/Archives/edgar/data/773757/000119312513240882/d532844dex99h8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #175 on Form <br> N-1A<br>(h)(8) | 5/30/2013 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Exhibit of**<br> **Document**<br> **in that**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (h)(5) | [Agreement and Plan of Reorganization,](https://www.sec.gov/Archives/edgar/data/1413032/000095012311041875/c63857bexv99whw9.htm)<br> [dated December 20, 2010](https://www.sec.gov/Archives/edgar/data/1413032/000095012311041875/c63857bexv99whw9.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Variable Series <br> Trust II<br>| 333-146374 | Post-Effective <br> Amendment #15 <br> on Form N-1A<br>| (h)(9) | 4/29/2011 |
| (h)(6) | [Agreement and Plan of Reorganization,](https://www.sec.gov/Archives/edgar/data/1097519/000119312515410981/d104994dex994.htm)<br> [dated December 17, 2015](https://www.sec.gov/Archives/edgar/data/1097519/000119312515410981/d104994dex994.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust<br>| 333-208706 | Registration <br> Statement on <br> Form N-14<br>| (4) | 12/22/2015 |
| (h)(7) | [Agreement and Plan of Reorganization,](https://www.sec.gov/Archives/edgar/data/1352280/000119312520049548/d889125dex994.htm)<br> [dated February 20, 2020](https://www.sec.gov/Archives/edgar/data/1352280/000119312520049548/d889125dex994.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust II<br>| 333-236646 | Registration <br> Statement on <br> Form N-14<br>| (4) | 2/26/2020 |
| (h)(8) | [Agreement and Plan of Reorganization,](https://www.sec.gov/Archives/edgar/data/773757/000119312521364571/d111296dex99h8.htm)<br> [dated October 5, 2021](https://www.sec.gov/Archives/edgar/data/773757/000119312521364571/d111296dex99h8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #390 on Form <br> N-1A<br>| (h)(8) | 12/22/2021 |
| (h)(9) | [Amended and Restated Credit](https://www.sec.gov/Archives/edgar/data/1413032/000119312524256755/d883708dex99h8.htm)<br> [Agreement, as of October 24, 2024](https://www.sec.gov/Archives/edgar/data/1413032/000119312524256755/d883708dex99h8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Variable Series <br> Trust II<br>| 333-146374 | Post-Effective <br> Amendment #95 <br> on Form N-1A<br>| (h)(8) | 11/13/2024 |
| (h)(10) | [Master Inter-Fund Lending Agreement,](https://www.sec.gov/Archives/edgar/data/1352280/000119312518174907/d566602dex99h11.htm)<br> [dated May 1, 2018](https://www.sec.gov/Archives/edgar/data/1352280/000119312518174907/d566602dex99h11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust II<br>| 333-131683 | Post-Effective <br> Amendment <br> #179 on Form <br> N-1A<br>| (h)(11) | 5/25/2018 |
| (h)(10)(i) | [Schedule A and Schedule B, effective](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99h10i.htm)<br> [March 27, 2025, to the Master Inter-](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99h10i.htm)<br> [Fund Lending Agreement dated May 1,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99h10i.htm)<br> [2018](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99h10i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>| (h)(10)(i) | 4/1/2025 |
| (h)(11) | [Fund of Funds Investment Agreement,](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [dated August 10, 2023, between](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [BlackRock ETF Trust, BlackRock ETF](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Trust II, iShares Trust, iShares, Inc.,](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [iShares U.S. ETF Trust and Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Funds Series Trust, Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Series Trust I, Columbia Funds Series](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Trust II, Columbia Funds Variable](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Insurance Trust and Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br> [Variable Series Trust II](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99h11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #407 on Form <br> N-1A<br>| (h)(11) | 8/24/2023 |
| (h)(11)(i) | [Schedule A, as amended November 6,](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [2024, to the Fund of Funds Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [Agreement, dated August 10, 2023,](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [between BlackRock ETF Trust,](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [BlackRock ETF Trust II, iShares Trust,](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [iShares, Inc., iShares U.S. ETF Trust and](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [Columbia Funds Series Trust, Columbia](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [Funds Series Trust I, Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [Series Trust II and Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br> [Variable Series Trust II](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99h11i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #422 on Form <br> N-1A<br>| (h)(11)(i) | 12/23/2024 |
| (h)(12) | [Fund of Funds Investment Agreement,](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h12.htm)<br> [dated December 21, 2021, between](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h12.htm)<br> [Fidelity Rutland Square Trust II and](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h12.htm)<br> [Columbia Funds Series Trust I and](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h12.htm)<br> [Columbia Funds Series Trust II](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h12.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #392 on Form <br> N-1A<br>| (h)(12) | 2/17/2022 |
| (h)(13) | [Fund of Funds Investment Agreement,](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br> [dated January 19, 2022, between](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br> [Vanguard Funds and Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br> [Series Trust I, Columbia Funds Variable](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br> [Insurance Trust and Columbia Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br> [Variable Series Trust II](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99h13.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #392 on Form <br> N-1A<br>| (h)(13) | 2/17/2022 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Exhibit of**<br> **Document**<br> **in that**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (h)(13)(i) | [Schedule A to Fund of Funds Investment](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br> [Agreement, dated January 19, 2022,](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br> [between Vanguard Funds and Columbia](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br> [Funds Series Trust I, Columbia Funds](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br> [Variable Insurance Trust and Columbia](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br> [Funds Variable Series Trust II](https://www.sec.gov/Archives/edgar/data/1413032/000119312523273108/d546563dex99h10iia.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Variable Series <br> Trust II<br>| 333-146374 | Post-Effective <br> Amendment #90 <br> on Form N-1A<br>| (h)(10)(ii)(a) | 11/8/2023 |
| (i)(1) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99wi.txt)<br> [LLP](https://www.sec.gov/Archives/edgar/data/773757/000095013505005435/b56707ahexv99wi.txt)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #40 <br> on Form N-1A<br>| (i) | 9/16/2005 |
| (i)(2) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312508007312/dex99i.htm)<br> [LLP](https://www.sec.gov/Archives/edgar/data/773757/000119312508007312/dex99i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #68 <br> on Form N-1A<br>| (i)(2) | 1/16/2008 |
| (i)(3) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312508243331/dex99i3.htm)<br> [LLP](https://www.sec.gov/Archives/edgar/data/773757/000119312508243331/dex99i3.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #81 <br> on Form N-1A<br>| (i)(3) | 11/25/2008 |
| (i)(4) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312509239281/dex99i4.htm)<br> [LLP](https://www.sec.gov/Archives/edgar/data/773757/000119312509239281/dex99i4.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #95 <br> on Form N-1A<br>| (i)(4) | 11/20/2009 |
| (i)(5) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312512114327/d294470dex99i5.htm)<br> [LLP](https://www.sec.gov/Archives/edgar/data/773757/000119312512114327/d294470dex99i5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #143 on Form <br> N-1A<br>| (i)(5) | 3/14/2012 |
| (i)(6) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312512272106/d366456dex99i6.htm)<br> [LLP, with respect to Columbia Adaptive](https://www.sec.gov/Archives/edgar/data/773757/000119312512272106/d366456dex99i6.htm)<br> [Risk Allocation Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312512272106/d366456dex99i6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #153 on Form <br> N-1A<br>| (i)(6) | 6/15/2012 |
| (i)(7) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312515021613/d851264dex99i8.htm)<br> [LLP, with respect to Columbia Multi](https://www.sec.gov/Archives/edgar/data/773757/000119312515021613/d851264dex99i8.htm)<br> [Strategy Alternatives Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312515021613/d851264dex99i8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #219 on Form <br> N-1A<br>| (i)(8) | 1/27/2015 |
| (i)(8) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99i10.htm)<br> [LLP, with respect to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99i10.htm)<br> [Directional Alternative Strategies Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312516727672/d437015dex99i10.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #276 on Form <br> N-1A<br>| (i)(10) | 9/30/2016 |
| (i)(9) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99i13.htm)<br> [LLP, with respect to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99i13.htm)<br> [International Equity Strategies Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312518152525/d572566dex99i13.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #324 on Form <br> N-1A<br>| (i)(13) | 5/4/2018 |
| (i)(10) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99i13.htm)<br> [LLP, with respect to Overseas SMA](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99i13.htm)<br> [Completion Portfolio](https://www.sec.gov/Archives/edgar/data/773757/000119312519236433/d797105dex99i13.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #357 on Form <br> N-1A<br>| (i)(13) | 9/3/2019 |
| (i)(11) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99i14.htm)<br> [LLP, with respect to Multisector Bond](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99i14.htm)<br> [SMA Completion Portfolio](https://www.sec.gov/Archives/edgar/data/773757/000119312519274470/d782856dex99i14.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #364 on Form <br> N-1A<br>| (i)(14) | 10/25/2019 |
| (i)(12) | [Opinion of Counsel of Ropes & Gray](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99i12.htm)<br> [LLP, with respect to Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99i12.htm)<br> [Large Cap Growth Strategies Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99i12.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>| (i)(12) | 4/1/2025 |
| (j)(1) | [Consent of Morningstar, Inc.](https://www.sec.gov/Archives/edgar/data/773757/0000773757-96-000029.txt) | Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment #21 <br> on Form N-1A<br>| 11(b) | 8/30/1996 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (j)(2) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99j2.htm)<br> [LLP, dated July 25, 2024, for Funds with](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99j2.htm)<br> [fiscal year ended 3/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99j2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #418 on Form <br> N-1A<br>(j)(2) | 7/26/2024 |
| (j)(3) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99j3.htm)<br> [LLP, dated August 22, 2024, for Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99j3.htm)<br> [with fiscal year ended 4/30/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524205881/d878746dex99j3.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #419 on Form <br> N-1A<br>(j)(3) | 8/23/2024 |
| (j)(4) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99j4.htm)<br> [LLP, dated September 23, 2024, for](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99j4.htm)<br> [Funds with fiscal year ended 5/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99j4.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #420 on Form <br> N-1A<br>(j)(4) | 9/24/2024 |
| (j)(5) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99j5.htm)<br> [LLP, dated November 22, 2024, for](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99j5.htm)<br> [Funds with fiscal year ended 7/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99j5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #421 on Form <br> N-1A<br>(j)(5) | 11/25/2024 |
| (j)(6) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99j6.htm)<br> [LLP, dated December 20, 2024, for](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99j6.htm)<br> [Funds with fiscal year ended 8/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524283716/d900268dex99j6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #422 on Form <br> N-1A<br>(j)(6) | 12/23/2024 |
| (j)(7) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99j7.htm)<br> [LLP, dated February 25, 2025, for Funds](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99j7.htm)<br> [with fiscal year ended 10/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99j7.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #424 on Form <br> N-1A<br>(j)(7) | 2/26/2025 |
| (j)(8) | [Consent of PricewaterhouseCoopers](https://www.sec.gov/Archives/edgar/data/773757/000119312525092494/d930231dex99j8.htm)<br> [LLP, dated April 23, 2025, for the Fund](https://www.sec.gov/Archives/edgar/data/773757/000119312525092494/d930231dex99j8.htm)<br> [with fiscal year ended 12/31/2024](https://www.sec.gov/Archives/edgar/data/773757/000119312525092494/d930231dex99j8.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #426 on Form <br> N-1A<br>(j)(8) | 4/24/2025 |
| (k) | Omitted Financial Statements: Not <br> Applicable.<br>|  |  |  |  |  |
| (l) | Initial Capital Agreement: Not <br> Applicable.<br>|  |  |  |  |  |
| (m)(1) | [Amended and Restated Distribution](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m1.htm)<br> [Plan, as of July 1, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m1.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #418 on Form <br> N-1A<br>(m)(1) | 7/26/2024 |
| (m)(2) | [Amended and Restated Shareholder](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m2.htm)<br> [Servicing Plan, as of July 1, 2024, for](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m2.htm)<br> [certain Fund share classes of the](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m2.htm)<br> [Registrant](https://www.sec.gov/Archives/edgar/data/773757/000119312524185851/d557147dex99m2.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #418 on Form <br> N-1A<br>(m)(2) | 7/26/2024 |
| (m)(3) | [Shareholder Servicing Plan](https://www.sec.gov/Archives/edgar/data/1097519/000095013010001346/dex99m4.htm)<br> [Implementation Agreement between](https://www.sec.gov/Archives/edgar/data/1097519/000095013010001346/dex99m4.htm)<br> [Registrant and Columbia Management](https://www.sec.gov/Archives/edgar/data/1097519/000095013010001346/dex99m4.htm)<br> [Investment Distributors, Inc.](https://www.sec.gov/Archives/edgar/data/1097519/000095013010001346/dex99m4.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust<br>| 333-89661 | Post-Effective <br> Amendment #82 <br> on Form N-1A<br>(m)(4) | 5/28/2010 |
| (m)(3)(i) | [Restated Schedule I, dated July 1, 2023,](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br> [to Shareholder Servicing Plan](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br> [Implementation Agreement, between the](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br> [Registrant, Columbia Funds Series Trust](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br> [and Columbia Management Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br> [Distributors, Inc.](https://www.sec.gov/Archives/edgar/data/773757/000119312523194227/d839057dex99m5i.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #406 on Form <br> N-1A<br>(m)(5)(i) | 7/26/2023 |
| (n) | [Rule 18f – 3 Multi-Class Plan, approved](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99n.htm)<br> [November 8, 2023, restated and](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99n.htm)<br> [amended March 1, 2025](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99n.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(n) | 4/1/2025 |
| (o) | Reserved |  |  |  |  |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (p)(1) | [Code of Ethics of Columbia Atlantic](https://www.sec.gov/Archives/edgar/data/773757/000119312519119484/d728982dex99p1.htm)<br> [Board Funds adopted under Rule 17j-1,](https://www.sec.gov/Archives/edgar/data/773757/000119312519119484/d728982dex99p1.htm)<br> [effective March 2019](https://www.sec.gov/Archives/edgar/data/773757/000119312519119484/d728982dex99p1.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #349 on Form <br> N-1A<br>(p)(1) | 4/25/2019 |
| (p)(2) | [Columbia Threadneedle Investments](https://www.sec.gov/Archives/edgar/data/1551950/000119312524281718/d910302dex99p2.htm)<br> [Global Personal Account Dealing and](https://www.sec.gov/Archives/edgar/data/1551950/000119312524281718/d910302dex99p2.htm)<br> [Code of Ethics, effective December 2024](https://www.sec.gov/Archives/edgar/data/1551950/000119312524281718/d910302dex99p2.htm)<br>| Incorporated by <br> Reference<br>| Columbia ETF <br> Trust I<br>| 333-209996 | Post-Effective <br> Amendment #40 <br> on Form N-1A<br>(p)(2) | 12/19/2024 |
| (p)(3) | [Code of Ethics of AlphaSimplex Group,](d850985dex99p3.htm)<br> [LLC (a subadviser of Multi-Manager](d850985dex99p3.htm)<br> [Alternative Strategies Fund) adopted](d850985dex99p3.htm)<br> [March 1, 2006, revised as of March 31,](d850985dex99p3.htm)<br> [2025](d850985dex99p3.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(p)(3) | 6/2/2025 |
| (p)(4) | [Code of Ethics of AQR Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [Management, LLC (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [Columbia Multi Strategy Alternatives](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [Fund, Multi-Manager Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [Strategies Fund and Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [Directional Alternative Strategies Fund),](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br> [effective March 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p5.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #417 on Form <br> N-1A<br>(p)(5) | 6/27/2024 |
| (p)(5) | [Code of Ethics of Arrowstreet Capital,](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99p6.htm)<br> [Limited Partnership (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99p6.htm)<br> [Multi-Manager International Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99p6.htm)<br> [Strategies Fund), effective April 1, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524224255/d888319dex99p6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #420 on Form <br> N-1A<br>(p)(6) | 9/24/2024 |
| (p)(6) | [Code of Ethics of Baillie Gifford](d850985dex99p6.htm)<br> [Overseas Limited (a subadviser of](d850985dex99p6.htm)<br> [Multi-Manager International Equity](d850985dex99p6.htm)<br> [Strategies Fund), effective December](d850985dex99p6.htm)<br> [2024](d850985dex99p6.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(p)(6) | 6/2/2025 |
| (p)(7) | [Code of Ethics of Boston Partners](https://www.sec.gov/Archives/edgar/data/773757/000119312521257033/d124709dex99p10.htm)<br> [Global Investors Inc. (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312521257033/d124709dex99p10.htm)<br> [Multi-Manager Directional Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312521257033/d124709dex99p10.htm)<br> [Strategies Fund), effective May 2021](https://www.sec.gov/Archives/edgar/data/773757/000119312521257033/d124709dex99p10.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #387 on Form <br> N-1A<br>(p)(10) | 8/26/2021 |
| (p)(8) | [Code of Ethics of Causeway Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99p15.htm)<br> [Management LLC (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99p15.htm)<br> [Multi-Manager International Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99p15.htm)<br> [Strategies Fund), effective December 30,](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99p15.htm)<br> [2022](https://www.sec.gov/Archives/edgar/data/773757/000119312523120245/d363566dex99p15.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #404 on Form <br> N-1A<br>(p)(15) | 4/27/2023 |
| (p)(9) | [Code of Ethics of Conestoga Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p9.htm)<br> [Advisors, LLC (a subadviser of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p9.htm)<br> [Manager Small Cap Equity Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p9.htm)<br> [Fund), dated October 24, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p9.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(p)(9) | 4/1/2025 |
| (p)(10) | [Code of Ethics of Crabel Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p11.htm)<br> [Management, LLC, (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p11.htm)<br> [Multi-Manager Alternative Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p11.htm)<br> [Fund), effective February 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p11.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #417 on Form <br> N-1A<br>(p)(11) | 6/27/2024 |
| (p)(11) | [Code of Ethics of Hotchkis and Wiley](https://www.sec.gov/Archives/edgar/data/773757/000119312521338023/d231509dex99p20.htm)<br> [Capital Management, LLC (a subadviser](https://www.sec.gov/Archives/edgar/data/773757/000119312521338023/d231509dex99p20.htm)<br> [of Multi-Manager Small Cap Equity](https://www.sec.gov/Archives/edgar/data/773757/000119312521338023/d231509dex99p20.htm)<br> [Strategies Fund), as of September 1,](https://www.sec.gov/Archives/edgar/data/773757/000119312521338023/d231509dex99p20.htm)<br> [2021](https://www.sec.gov/Archives/edgar/data/773757/000119312521338023/d231509dex99p20.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #389 on Form <br> N-1A<br>(p)(20) | 11/23/2021 |
| (p)(12) | [Code of Ethics of Jacobs Levy](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99p22.htm)<br> [Investment Management, Inc. (a](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99p22.htm)<br> [subadviser of Multi-Manager Small Cap](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99p22.htm)<br> [Equity Strategies Fund), effective](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99p22.htm)<br> [January 2016](https://www.sec.gov/Archives/edgar/data/773757/000119312522196143/d282179dex99p22.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #395 on Form <br> N-1A<br>(p)(22) | 7/18/2022 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** | **Information About the Filing that Includes the Document Incorporated by Reference** |
| **Exhibit**<br> **Number** | **Exhibit Description** | **Filed Herewith or**<br> **Incorporated by** <br> **Reference** | **Registrant**<br> **that Made**<br> **the Filing**<br>| **File No.**<br> **of Such**<br> **Registrant**<br>| **Type of**<br> **Filing**<br>| **Filing**<br> **Date**<br>|
| (p)(13) | [Code of Ethics of J.P. Morgan](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br> [Investment Management Inc. (a](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br> [subadviser of Multi-Manager Growth](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br> [Strategies Fund and Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br> [Small Cap Equity Strategies Fund),](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br> [effective April 26, 2023](https://www.sec.gov/Archives/edgar/data/773757/000119312523219837/d539455dex99p14.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #407 on Form <br> N-1A<br>(p)(14) | 8/24/2023 |
| (p)(14) | [Code of Ethics of Loomis, Sayles and](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br> [Company, L.P. (a subadviser of Multi-](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br> [Manager Growth Strategies Fund and](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br> [Multi-Manager Total Return Bond](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br> [Strategies Fund), effective January 14,](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br> [2000, as amended October 24, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312525035963/d812826dex99p15.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #424 on Form <br> N-1A<br>(p)(15) | 2/26/2025 |
| (p)(15) | [Code of Ethics of Los Angeles Capital](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p16.htm)<br> [Management LLC (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p16.htm)<br> [Multi-Manager Growth Strategies Fund),](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p16.htm)<br> [effective July 16, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p16.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #421 on Form <br> N-1A<br>(p)(16) | 11/25/2024 |
| (p)(16) | [Code of Ethics of Manulife Asset](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p17.htm)<br> [Management (US) LLC (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p17.htm)<br> [Multi-Manager Alternative Strategies](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p17.htm)<br> [Fund), effective January 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524170102/d845149dex99p17.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #417 on Form <br> N-1A<br>(p)(17) | 6/27/2024 |
| (p)(17) | [Code of Ethics of PGIM Quantitative](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99p20.htm)<br> [Solutions LLC, (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99p20.htm)<br> [Columbia Multi Strategy Alternatives](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99p20.htm)<br> [Fund)](https://www.sec.gov/Archives/edgar/data/773757/000119312522044996/d317476dex99p20.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #392 on Form <br> N-1A<br>(p)(20) | 2/17/2022 |
| (p)(18)(i) | [Investment Adviser Code of Ethics of](d850985dex99p18i.htm)<br> [Prudential Financial (for PGIM, Inc., a](d850985dex99p18i.htm)<br> [subadviser of Multi-Manager Total](d850985dex99p18i.htm)<br> [Return Bond Strategies Fund), dated](d850985dex99p18i.htm)<br> [January 31, 2025](d850985dex99p18i.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(p)(18)(i) | 6/2/2025 |
| (p)(18)(ii) | [Personal Investing Standards of](d850985dex99p18ii.htm)<br> [Prudential Financial (for PGIM, Inc., a](d850985dex99p18ii.htm)<br> [subadviser of Multi-Manager Total](d850985dex99p18ii.htm)<br> [Return Bond Strategies Fund), dated](d850985dex99p18ii.htm)<br> [December 17, 2024](d850985dex99p18ii.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(p)(18)(ii) | 6/2/2025 |
| (p)(18)(iii) | [Insider Trading and Information Barrier](d850985dex99p18iii.htm)<br> [Standards of Prudential Financial,](d850985dex99p18iii.htm)<br> [revised March 31, 2025](d850985dex99p18iii.htm)<br>| Filed Herewith | Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #427 on Form <br> N-1A<br>(p)(18)(iii) | 6/2/2025 |
| (p)(19) | [Code of Ethics of Summit Partners](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p20.htm)<br> [Public Asset Management, LLC (a](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p20.htm)<br> [subadviser of Multi-Manager Directional](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p20.htm)<br> [Alternative Strategies Fund), effective](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p20.htm)<br> [September 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312524264877/d883513dex99p20.htm)<br>| Incorporated by <br> Reference<br>| Incorporated by <br> Reference<br>| 2-99356 | Post-Effective <br> Amendment <br> #421 on Form <br> N-1A<br>(p)(20) | 11/25/2024 |
| (p)(20) | [Code of Ethics of TCW Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br> [Management Company LLC (a](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br> [subadviser of Multi-Manager Alternative](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br> [Strategies Fund and Multi-Manager](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br> [Total Return Bond Strategies Fund),](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br> [dated December 9, 2024](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p20.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(p)(20) | 4/1/2025 |
| (p)(21) | [Code of Ethics of Voya Investment](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p21.htm)<br> [Management Co. LLC (a subadviser of](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p21.htm)<br> [Multi-Manager Total Return Bond](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p21.htm)<br> [Strategies Fund), effective January 6,](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p21.htm)<br> [2025](https://www.sec.gov/Archives/edgar/data/773757/000119312525070263/d903534dex99p21.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Series Trust I<br>| 2-99356 | Post-Effective <br> Amendment <br> #425 on Form <br> N-1A<br>(p)(21) | 4/1/2025 |
| (p)(22) | [BNY Mellon Code of Conduct (for](https://www.sec.gov/Archives/edgar/data/1413032/000119312524082893/d820036dex99p6.htm)<br> [Walter Scott & Partners Limited)](https://www.sec.gov/Archives/edgar/data/1413032/000119312524082893/d820036dex99p6.htm)<br> [effective September 20, 2023](https://www.sec.gov/Archives/edgar/data/1413032/000119312524082893/d820036dex99p6.htm)<br>| Incorporated by <br> Reference<br>| Columbia Funds <br> Variable Series <br> Trust II<br>| 333-146374 | Post-Effective <br> Amendment #91 <br> on Form N-1A<br>(p)(6) | 4/1/2024 |

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**Item 29. Persons Controlled by or Under Common Control with the Registrant** 

Columbia Management Investment Advisers, LLC (the investment manager or Columbia Management), as sponsor of the Columbia funds, may make initial capital investments in Columbia funds (seed accounts). Columbia Management also serves as investment manager of certain Columbia funds-of-funds that invest primarily in shares of affiliated funds (the underlying funds). Columbia Management does not make initial capital investments or invest in underlying funds for the purpose of exercising control. However, since these ownership interests may be significant, in excess of 25%, such that Columbia Management may be deemed to control certain Columbia funds, procedures have been put in place to assure that public shareholders determine the outcome of all actions taken at shareholder meetings. Specifically, Columbia Management (which votes proxies for the seed accounts) and the Boards of Trustees of the affiliated funds-of-funds (which votes proxies for the affiliated funds-of-funds) vote on each proposal in the same proportion as the vote of the direct public shareholders vote; provided, however, that if there are no direct public shareholders of an underlying fund or if direct public shareholders represent only a minority interest in an underlying fund, the Fund may cast votes in accordance with instructions from the independent members of the Board.

**Item 30. Indemnification**

Article Five of the Bylaws of Registrant provides that Registrant shall indemnify each of its trustees and officers (including persons who serve at Registrant's request as directors, officers or trustees of another organization in which Registrant has any interest as a shareholder, creditor or otherwise) who are not employees or officers of any investment adviser to Registrant or any affiliated person thereof and its chief compliance officer, regardless of whether such person is an employee or officer of any investment adviser to Registrant or any affiliated person thereof, and each of its other trustees and officers (including persons who serve at Registrant's request as directors, officers or trustees of another organization in which Registrant has any interest as a shareholder, creditor or otherwise) (i.e., those who are employees or officers of any investment adviser to Registrant or any affiliated person thereof) (Covered Persons) to the fullest extent authorized by applicable law against all liabilities and expenses in connection with the defense or disposition of any proceeding in which such Covered Person may be or may have been involved or with which such Covered Person may be or may have been threatened, while in office or thereafter, by reason of any alleged act or omission as a trustee or officer or by reason of his or her being or having been such a Covered Person, all as more fully set forth in the Registrant's Bylaws, which have been filed as an exhibit to this registration statement.

Section 17(h) of the Investment Company Act of 1940 (1940 Act) provides that no instrument pursuant to which Registrant is organized or administered shall contain any provision which protects or purports to protect any trustee or officer of Registrant against any liability to Registrant or its shareholders to which he or she would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office. In accordance with Section 17(h) of the 1940 Act, no Covered Person is indemnified under the Bylaws against any liability to Registrant or its shareholders by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of the Covered Person's office.

Pursuant to the Distribution Agreement, Columbia Management Investment Distributors, Inc. agrees to indemnify the Registrant, its officers and trustees against claims, demands, liabilities and expenses under specified circumstances, all as more fully set forth in the Registrant's Distribution Agreement, which has been filed as an exhibit to the registration statement. The Registrant may be party to other contracts that include indemnification provisions for the benefit of the Registrant's trustees and officers.

The trustees and officers of the Registrant and the personnel of the Registrant's investment adviser and principal underwriter are insured under an errors and omissions liability insurance policy. Registrant's investment adviser, Columbia Management Investment Advisers, LLC, maintains investment advisory professional liability insurance to insure it, for the benefit of Registrant and its non-interested trustees, against loss arising out of any effort, omission, or breach of any duty owed to Registrant or any series of Registrant by Columbia Management Investment Advisers, LLC.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling persons of the Registrant by the Registrant pursuant to the Registrant's organizational instruments or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission (SEC), such indemnification is against public policy as expressed in the Securities Act of 1933 and, therefore, is unenforceable.

**Item 31. Business and Other Connections of the Investment Adviser** 

To the knowledge of the Registrant, none of the directors or officers of Columbia Management Investment Advisers, LLC (Columbia Management), the Registrant's investment adviser, or any subadviser to a series of the Registrant, except as set forth below, are or have been, at any time during the Registrant's past two fiscal years, engaged in any other business, profession, vocation or employment of a substantial nature.

(a) Columbia Management, a wholly owned subsidiary of Ameriprise Financial, Inc., performs investment advisory services for the Registrant and certain other clients. Information regarding the business of Columbia Management and the directors and principal officers of Columbia Management is also included in the Form ADV filed by Columbia Management with the

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SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-25943), which information is incorporated herein by reference. In addition to their position with Columbia Management, certain directors and officers of Columbia Management also hold various positions with, and engage in business for, Ameriprise Financial, Inc. or its other subsidiaries.

(b) Alpha Simplex Group, LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Alpha Simplex Group, LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Alpha Simplex Group, LLC and is incorporated herein by reference. Information about the business of Alpha Simplex Group, LLC and the directors and principal executive officers of Alpha Simplex Group, LLC is also included in the Form ADV filed by Alpha Simplex Group, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-62448), which information is incorporated herein by reference.

(c) AQR Capital Management, LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of AQR Capital Management, LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by AQR Capital Management, LLC and is incorporated herein by reference. Information about the business of AQR Capital Management, LLC and the directors and principal executive officers of AQR Capital Management, LLC is also included in the Form ADV filed by AQR Capital Management, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-55543), which information is incorporated herein by reference.

(d) Arrowstreet Capital, Limited Partnership performs investment management services for the Registrant and certain other clients. Information regarding the business of Arrowstreet Capital, Limited Partnership and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Arrowstreet Capital, Limited Partnership and is incorporated herein by reference. Information about the business of Arrowstreet Capital, Limited Partnership and the directors and principal executive officers of Arrowstreet Capital, Limited Partnership is also included in the Form ADV filed by Arrowstreet Capital, Limited Partnership with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-56633), which information is incorporated herein by reference.

(e) Baillie Gifford Overseas Limited performs investment management services for the Registrant and certain other clients. Information regarding the business of Baillie Gifford Overseas Limited and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Baillie Gifford Overseas Limited and is incorporated herein by reference. Information about the business of Baillie Gifford Overseas Limited and the directors and principal executive officers of Baillie Gifford Overseas Limited is also included in the Form ADV filed by Baillie Gifford Overseas Limited with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-21051), which information is incorporated herein by reference.

(f) Boston Partners Global Investors, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of Boston Partners Global Investors, Inc. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Boston Partners Global Investors, Inc. and is incorporated herein by reference. Information about the business of Boston Partners Global Investors, Inc. and the directors and principal executive officers of Boston Partners Global Investors, Inc. is also included in the Form ADV filed by Boston Partners Global Investors, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-61786), which information is incorporated herein by reference.

(g) Causeway Capital Management LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Causeway Capital Management LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Causeway Capital Management LLC and is incorporated herein by reference. Information about the business of Causeway Capital Management LLC and the directors and principal executive officers of Causeway Capital Management LLC is also included in the Form ADV filed by Causeway Capital Management LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-60343), which information is incorporated herein by reference.

(h) Conestoga Capital Advisors, LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Conestoga Capital Advisors, LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Conestoga Capital Advisors, LLC and is incorporated herein by reference. Information about the business of Conestoga Capital Advisors, LLC and the directors and principal executive officers of Conestoga Capital Advisors, LLC is also included in the Form ADV filed by Conestoga Capital Advisors, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-60133), which information is incorporated herein by reference.

(i) Crabel Capital Management, LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Crabel Capital Management, LLC and certain of its officers is set forth in the

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Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Crabel Capital Management, LLC and is incorporated herein by reference. Information about the business of Crabel Capital Management, LLC and the directors and principal executive officers of Crabel Capital Management, LLC is also included in the Form ADV filed by Crabel Capital Management, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-110141), which information is incorporated herein by reference.

(j) Hotchkis and Wiley Capital Management, LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Hotchkis and Wiley Capital Management, LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Hotchkis and Wiley Capital Management, LLC and is incorporated herein by reference. Information about the business of Hotchkis and Wiley Capital Management, LLC and the directors and principal executive officers of Hotchkis and Wiley Capital Management, LLC is also included in the Form ADV filed by Hotchkis and Wiley Capital Management, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-60512), which information is incorporated herein by reference.

(k) Jacobs Levy Equity Management, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of Jacobs Levy Equity Management, Inc. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Jacobs Levy Equity Management, Inc. and is incorporated herein by reference. Information about the business of Jacobs Levy Equity Management, Inc. and the directors and principal executive officers of Jacobs Levy Equity Management, Inc. is also included in the Form ADV filed by Jacobs Levy Equity Management, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-28257), which information is incorporated herein by reference.

(l) J.P. Morgan Investment Management Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of J.P. Morgan Investment Management Inc. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by J.P. Morgan Investment Management Inc. and is incorporated herein by reference. Information about the business of J.P. Morgan Investment Management Inc. and the directors and principal executive officers of J.P. Morgan Investment Management Inc. is also included in the Form ADV filed by J.P. Morgan Investment Management Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-21011), which information is incorporated herein by reference.

(m) Loomis, Sayles and Company, L.P. performs investment management services for the Registrant and certain other clients. Information regarding the business of Loomis, Sayles and Company, L.P. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Loomis, Sayles and Company, L.P. and is incorporated herein by reference. Information about the business of Loomis, Sayles and Company, L.P. and the directors and principal executive officers of Loomis, Sayles and Company, L.P. is also included in the Form ADV filed by Loomis, Sayles and Company, L.P. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-170), which information is incorporated herein by reference.

(n) Los Angeles Capital Management and Equity Research, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of Los Angeles Capital Management and Equity Research, Inc. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Los Angeles Capital Management and Equity Research, Inc. and is incorporated herein by reference. Information about the business of Los Angeles Capital Management and Equity Research, Inc. and the directors and principal executive officers of Los Angeles Capital Management and Equity Research, Inc. is also included in the Form ADV filed by Los Angeles Capital Management and Equity Research, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-60934), which information is incorporated herein by reference.

(o) Manulife Investment Management (US) LLC (formerly known as Manulife Asset Management (US) LLC) performs investment management services for the Registrant and certain other clients. Information regarding the business of Manulife Investment Management (US) LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Manulife Investment Management (US) LLC and is incorporated herein by reference. Information about the business of Manulife Investment Management (US) LLC and the directors and principal executive officers of Manulife Investment Management (US) LLC is also included in the Form ADV filed by Manulife Investment Management (US) LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-42023), which information is incorporated herein by reference.

(p) PGIM, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of PGIM, Inc. and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by PGIM, Inc. and is incorporated herein by reference. Information about the business

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of PGIM, Inc. and the directors and principal executive officers of PGIM, Inc. is also included in the Form ADV filed by PGIM, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-22808), which information is incorporated herein by reference.

(q) PGIM Quantitative Solutions LLC (formerly known as QMA LLC), performs investment management services for the Registrant and certain other clients. Information regarding the business of PGIM Quantitative Solutions LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by PGIM Quantitative Solutions LLC and is incorporated herein by reference. Information about the business of PGIM Quantitative Solutions LLC and the directors and principal executive officers of PGIM Quantitative Solutions LLC is also included in the Form ADV filed by PGIM Quantitative Solutions LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-62692), which information is incorporated herein by reference.

(r) Summit Partners Public Asset Management, LLC, performs investment management services for the Registrant and certain other clients. Information regarding the business of Summit Partners Public Asset Management, LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Summit Partners Public Asset Management, LLC and is incorporated herein by reference. Information about the business of Summit Partners Public Asset Management, LLC and the directors and principal executive officers of Summit Partners Public Asset Management, LLC is also included in the Form ADV filed Summit Partners Public Asset Management, LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-81001), which information is incorporated herein by reference.

(s) TCW Investment Management Company LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of TCW Investment Management Company LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by TCW Investment Management Company LLC and is incorporated herein by reference. Information about the business of TCW Investment Management Company LLC and the directors and principal executive officers of TCW Investment Management Company LLC is also included in the Form ADV filed by TCW Investment Management Company LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-29075), which information is incorporated herein by reference.

(t) Voya Investment Management Co. LLC performs investment management services for the Registrant and certain other clients. Information regarding the business of Voya Investment Management Co. LLC and certain of its officers is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series subadvised by Voya Investment Management Co. LLC and is incorporated herein by reference. Information about the business of Voya Investment Management Co. LLC and the directors and principal executive officers of Voya Investment Management Co. LLC is also included in the Form ADV filed by Voya Investment Management Co. LLC with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-9046), which information is incorporated herein by reference.

(u) Walter Scott & Partners Limited performs investment management services for the Registrant and certain other clients. Information regarding the business of Walter Scott & Partners Limited is set forth in the Prospectus(es) and Statement of Additional Information of the Registrant's series that are subadvised by Walter Scott & Partners Limited and is incorporated herein by reference. Information about the business of Walter Scott & Partners Limited and the directors and principal executive officers of Walter Scott & Partners Limited is also included in the Form ADV filed by Walter Scott & Partners Limited with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-19420), which information is incorporated herein by reference.

**Item 32. Principal Underwriter** 

(a) Columbia Management Investment Distributors, Inc. acts as principal underwriter for the following investment companies, including the Registrant:

Columbia Acorn Trust; Columbia Funds Series Trust; Columbia Funds Series Trust I; Columbia Funds Series Trust II; Columbia Funds Variable Series Trust II; Columbia Funds Variable Insurance Trust and Wanger Advisors Trust.

(b) As to each director, principal officer or partner of Columbia Management Investment Distributors, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Name and**<br> **Principal Business Address\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Position and Offices** <br> **with Principal Underwriter**<br>| **Positions and Offices with Registrant** |
| William F. Truscott | President, Chief Executive Officer and Chairman of the Board | Senior Vice President |
| Francine Asselta | Vice President and Head of North America Institutional | None |
| Jason S. Bartylla | Chief Financial Officer and Director | None |
| Michael E. DeFao | Vice President, Chief Legal Officer and Assistant Secretary | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Assistant <br> Secretary<br>|

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| | | |
|:---|:---|:---|
| **Name and**<br> **Principal Business Address\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Position and Offices** <br> **with Principal Underwriter**<br>| **Positions and Offices with Registrant** |
| Stephen O. Buff | Vice President, Chief Compliance Officer | None |
| James Bumpus | Vice President and Head of Intermediary Markets and Director | None |
| Thomas A. Jones | Vice President and Head of Strategic Relations | None |
| Gary Rawdon | Vice President – Distribution Strategy, Planning and Execution | None |
| Daniel J. Beckman | Vice President and Director | &nbsp;&nbsp;&nbsp;&nbsp; Board Member, President and<br> Principal Executive Officer<br>|
| Marc Zeitoun | Vice President and Head of North America Product | None |
| Suzanne Lieb | Vice President and Head of North America Marketing | None |
| Wendy B. Mahling | Secretary | None |
| Amy L. Hackbarth | Vice President and Assistant Secretary | None |
| Ryan C. Larrenaga | Vice President and Assistant Secretary | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President, Chief Legal <br> Officer and Secretary<br>|
| Joseph L. D'Alessandro | Vice President and Assistant Secretary | Assistant Secretary |
| Christopher O. Petersen | Vice President and Assistant Secretary | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Assistant <br> Secretary<br>|
| Kayla Sylvia | Vice President and Assistant Secretary | None |
| Shweta J. Jhanji | Vice President and Treasurer | None |
| Michael Tempesta | &nbsp;&nbsp;&nbsp;&nbsp; Anti-Money Laundering Officer and Assistant Identity Theft <br> Prevention Officer<br>| Anti-Money Laundering Officer |
| Kristin Weisser | Conflicts Officer | None |
| Kevin Sullivan | &nbsp;&nbsp;&nbsp;&nbsp; Identity Theft Prevention Officer and Assistant Anti-Money <br> Laundering Officer<br>| &nbsp;&nbsp;&nbsp;&nbsp; Privacy Officer and Identity Theft <br> Prevention Officer<br>|

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\*

The principal business address of Columbia Management Investment Distributors, Inc. is 290 Congress Street, Boston, MA 02210.

(c) Not Applicable.

**Item 33. Location of Accounts and Records** 

Persons maintaining physical possession of accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder include:

<sup>■</sup>

Registrant, 290 Congress Street, Boston, MA, 02210;

<sup>■</sup>

Registrant's investment adviser and administrator, Columbia Management Investment Advisers, LLC, 290 Congress Street, Boston, MA, 02210;

<sup>■</sup>

Registrant's subadviser, AlphaSimplex Group, LLC, 200 State Street, Boston MA 02109;

<sup>■</sup>

Registrant's subadviser, Arrowstreet Capital, Limited Partnership, 200 Clarendon Street, 30th Floor, Boston, MA 02116;

<sup>■</sup>

Registrant's subadviser, AQR Capital Management, LLC, One Greenwich Plaza, Greenwich, CT 06830;

<sup>■</sup>

Registrant's subadviser, Baillie Gifford Overseas Limited, Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom;

<sup>■</sup>

Registrant's subadviser, Boston Partners Global Investors, Inc., 1 Beacon Street, 30th Floor, Boston, MA 02108;

<sup>■</sup>

Registrant's subadviser, Causeway Capital Management LLC, 11111 Santa Monica Blvd., 15th Floor, Los Angeles, CA 90025;

<sup>■</sup>

Registrant's subadviser, Conestoga Capital Advisors, LLC, Crosspoint at Valley Forge, 550 East Swedesford Road, Suite 120, Wayne, PA 19087;

<sup>■</sup>

Registrant's subadviser, Crabel Capital Management, LLC, 1999 Avenue of the Stars, Suite 2550, Los Angeles, CA 90067;

<sup>■</sup>

Registrant's subadviser, Hotchkis and Wiley Capital Management, LLC, 601 South Figueroa Street, 39<sup>th</sup> Floor, Los Angeles, CA 90017;

<sup>■</sup>

Registrant's subadviser, Jacobs Levy Equity Management, Inc., 100 Campus Drive, 4<sup>th</sup> Floor East, Florham Park, NJ 07932;

<sup>■</sup>

Registrant's subadviser, J.P. Morgan Investment Management Inc., 383 Madison Avenue, New York, NY 10179;

<sup>■</sup>

Registrant's subadviser, Loomis, Sayles and Company, L.P., One Financial Center, Boston, MA 02111;

<sup>■</sup>

Registrant's subadviser, Los Angeles Capital Management LLC, 11150 Santa Monica Blvd., Los Angeles, CA 90025;

<sup>■</sup>

Registrant's subadviser, Manulife Investment Management (US) LLC, 197 Clarendon St, Boston, MA 02116;

<sup>■</sup>

Registrant's subadviser, PGIM, Inc./Prudential Financial, Inc., 655 Broad Street, Newark, NJ 07102;

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<sup>■</sup>

Registrant's subadviser, PGIM Quantitative Solutions LLC (formerly known as QMA LLC), 655 Broad Street, Newark NJ 07102;

<sup>■</sup>

Registrant's subadviser, Summit Partners Public Asset Management, LLC, 222 Berkeley Street, Boston, MA 02116;

<sup>■</sup>

Registrant's subadviser, TCW Investment Management Company LLC, 515 South Flower Street, Los Angeles, CA 90071;

<sup>■</sup>

Registrant's subadviser, Voya Investment Management Co. LLC, 230 Park Avenue, New York, NY 10169;

<sup>■</sup>

Registrant's subadviser, Walter Scott & Partners Limited, One Charlotte Square, Edinburgh EH2 4DR, UK;

<sup>■</sup>

Registrant's former provider of advisory service as delegated by former subadviser, DGHM, Real Estate Management Services Group, LLC, 1100 Fifth Avenue South, Suite 305, Naples, FL 34102;

<sup>■</sup>

Registrant's former subadviser, Allspring Global Investments, LLC (formerly known as Wells Capital Management Incorporated), 1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203;

<sup>■</sup>

Registrant's former subadviser, BMO Asset Management Corp., 320 Canal Street, 12<sup>th</sup> Floor, Chicago, IL 60606;

<sup>■</sup>

Registrant's former subadviser, Dalton, Greiner, Hartman, Maher & Co. LLC, 565 Fifth Avenue, Suite 2101, New York, NY 10017;

<sup>■</sup>

Registrant's former subadviser, EAM Investors, LLC, 2533 South Coast Highway 101, Suite 240, Cardiff-by-the-Sea, CA 92007;

<sup>■</sup>

Registrant's former subadviser, Water Island Capital, LLC, 41 Madison Avenue, 42nd floor, New York, NY 10010;

<sup>■</sup>

Registrant's principal underwriter, Columbia Management Investment Distributors, Inc., 290 Congress Street, Boston, MA, 02210;

<sup>■</sup>

Registrant's transfer agent, Columbia Management Investment Services Corp., 290 Congress Street, Boston, MA, 02210;

<sup>■</sup>

Registrant's sub-transfer agent, SS&C GIDS, Inc., 30 Braintree Hill Office Park, Suite 400, Braintree, MA 02184;

<sup>■</sup>

Registrant's custodian, JP Morgan Chase Bank, N.A., 1 Chase Manhattan Plaza 19<sup>th</sup> Floor, New York, NY 10005; and

<sup>■</sup>

Registrant's former custodian, State Street Bank and Trust Company, State Street Financial Center, One Lincoln Street, Boston, MA 02111.

In addition, Iron Mountain Records Management is an off-site storage facility housing historical records that are no longer required to be maintained on-site. Records stored at this facility include various trading and accounting records, as well as other miscellaneous records. The address for Iron Mountain Records Management is 920 & 950 Apollo Road, Eagan, MN 55121.

Certain information on the above-referenced physical possession of accounts, books and other documents is also included in the Registrant's filings on Form N-CEN filed with the Securities and Exchange Commission:

---

| | |
|:---|:---|
| **Funds FYE** | **N-CEN filing date** |
| March 31, 2024 | June 13, 2024 |
| April 30, 2024 | July 12, 2024 |
| May 31, 2024 | August 9, 2024 |
| July 31, 2024 | October 11, 2024 |
| August 31, 2024 | November 8, 2024 |
| October 31, 2024 | January 10, 2025 |
| December 31, 2024 | March 12, 2025 |

---

**Item 34. Management Services** 

Not Applicable.

**Item 35. Undertakings** 

Not Applicable.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, COLUMBIA FUNDS SERIES TRUST I, has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and the Commonwealth of Massachusetts on the 2nd day of June, 2025.

---

| | |
|:---|:---|
| COLUMBIA FUNDS SERIES TRUST I | COLUMBIA FUNDS SERIES TRUST I |
| By: | /s/ Daniel J. Beckman |
|  | Daniel J. Beckman<br> Trustee and President<br>|

---

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on the 2nd day of June, 2025.

---

| | | | |
|:---|:---|:---|:---|
| Signature | Capacity | Signature | Capacity |
| /s/ Daniel J. Beckman | &nbsp;&nbsp; Trustee and President<br> (Principal Executive Officer) | /s/ Patricia M. Flynn\* | Trustee |
| Daniel J. Beckman | &nbsp;&nbsp; Trustee and President<br> (Principal Executive Officer) | Patricia M. Flynn | Trustee |
| /s/ Michael G. Clarke\* | &nbsp;&nbsp; Chief Financial Officer,<br> Principal Financial Officer<br> and Senior Vice President | /s/ Brian J. Gallagher\* | Trustee |
| Michael G. Clarke | &nbsp;&nbsp; Chief Financial Officer,<br> Principal Financial Officer<br> and Senior Vice President | Brian J. Gallagher | Trustee |
| /s/ Charles H. Chiesa\* | &nbsp;&nbsp; Treasurer, Chief<br> Accounting Officer<br> (Principal Accounting Officer) and <br> Principal Financial Officer | /s/ Douglas A. Hacker\* | Trustee |
| Charles H. Chiesa | &nbsp;&nbsp; Treasurer, Chief<br> Accounting Officer<br> (Principal Accounting Officer) and <br> Principal Financial Officer | Douglas A. Hacker | Trustee |
| /s/ Pamela G. Carlton\* | Chair of the Board | /s/ Nancy T. Lukitsh\* | Trustee |
| Pamela G. Carlton | Chair of the Board | Nancy T. Lukitsh | Trustee |
| /s/ George S. Batejan\* | Trustee | /s/ David M. Moffett\* | Trustee |
| George S. Batejan | Trustee | David M. Moffett | Trustee |
| /s/ Kathleen A. Blatz\* | Trustee | /s/ Catherine James Paglia\* | Trustee |
| Kathleen A. Blatz | Trustee | Catherine James Paglia | Trustee |
| /s/ Janet Langford Carrig\* | Trustee | /s/ Natalie A. Trunow\* | Trustee |
| Janet Langford Carrig | Trustee | Natalie A. Trunow | Trustee |
| /s/ J. Kevin Connaughton\* | Trustee | /s/ Sandra L. Yeager\* | Trustee |
| J. Kevin Connaughton | Trustee | Sandra L. Yeager | Trustee |
| /s/ Olive M. Darragh\* | Trustee |  |  |
| Olive M. Darragh | Trustee |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| \* | By:<br> Name: | /s/ Joseph D'Alessandro |
| \* | By:<br> Name: | Joseph D'Alessandro\*\*<br> Attorney-in-fact<br>|
| \*\* | Executed by Joseph D'Alessandro on behalf of Michael G. Clarke and Charles H. Chiesa pursuant to a Power of Attorney, <br> dated March 1, 2025, and on behalf of each of the Trustees pursuant to a Trustees Power of Attorney, dated March 1, 2025. | Executed by Joseph D'Alessandro on behalf of Michael G. Clarke and Charles H. Chiesa pursuant to a Power of Attorney, <br> dated March 1, 2025, and on behalf of each of the Trustees pursuant to a Trustees Power of Attorney, dated March 1, 2025. |

---

------

**COLUMBIA ACORN TRUST**

**COLUMBIA FUNDS SERIES TRUST**

**COLUMBIA FUNDS SERIES TRUST I**

**COLUMBIA FUNDS SERIES TRUST II**

**COLUMBIA FUNDS VARIABLE INSURANCE TRUST**

**COLUMBIA FUNDS VARIABLE SERIES TRUST II**

**COLUMBIA ETF TRUST**

**COLUMBIA ETF TRUST I**

**COLUMBIA ETF TRUST II**

**WANGER ADVISORS TRUST**

**(each a "Registrant")**

**POWER OF ATTORNEY**

Each of the undersigned constitutes and appoints Michael G. Clarke, Joseph D'Alessandro, Michael E. DeFao, Ryan C. Larrenaga, Brian D. McCabe, Christopher O. Petersen, and Megan E. Garcy, each individually, his or her true and lawful attorney-in-fact and agent (each an "Attorney-in-Fact") with power of substitution or resubstitution, in any and all capacities, including without limitation in the undersigned's capacity as a trustee of each Registrant, in the furtherance of the business and affairs of each Registrant: (i) to execute any and all instruments which said Attorney-in-Fact may deem necessary or advisable or which may be required to comply with the Securities Act of 1933, the Investment Company Act of 1940, the Securities Exchange Act of 1934 (together the "Acts") and any other applicable federal securities laws, or rules, regulations or requirements of the U.S. Securities and Exchange Commission ("SEC") in respect thereof, in connection with the filing and effectiveness of each Registrant's Registration Statement regarding the registration of each Registrant or its shares of beneficial interest, and any and all amendments thereto, including without limitation any reports, forms or other filings required by the Acts or any other applicable federal securities laws, or rules, regulations or requirements of the SEC; and (ii) to execute any and all federal, state or foreign regulatory or other required filings, including all applications with regulatory authorities, state charter or organizational documents and any amendments or supplements thereto, to be executed by, on behalf of, or for the benefit of, each Registrant. The undersigned hereby grants to each Attorney-in-Fact full power and authority to do and perform each and every act and thing contemplated above, as fully and to all intents and purposes as the undersigned might or could do in person, and hereby ratifies and confirms all that said Attorneys-in-Fact, individually or collectively, may lawfully do or cause to be done by virtue hereof.

This Power of Attorney shall not be revoked with respect to any undersigned trustee by any subsequent power of attorney the undersigned may execute unless such subsequent power of attorney specifically refers to this Power of Attorney or specifically states that the instrument is intended to revoke all prior general powers of attorney or all prior powers of attorney (and unless otherwise required by a provision of law that cannot be waived). This Power of Attorney shall terminate automatically with respect to a Registrant if the undersigned ceases to hold the above-referenced office of the Registrant.

<br>Dated: March 1, 2025

<br>[REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| /s/ George S. Batejan | Trustee | /s/ Brian J. Gallagher | Trustee |
| George S. Batejan | Trustee | Brian J. Gallagher | Trustee |
| /s/ Daniel J. Beckman | Trustee | /s/ Douglas Hacker | Trustee |
| Daniel J. Beckman | Trustee | Douglas Hacker | Trustee |
| /s/ Kathleen A. Blatz | Trustee | /s/ Nancy T. Lukitsh | Trustee |
| Kathleen A. Blatz | Trustee | Nancy T. Lukitsh | Trustee |
| /s/ Pamela G. Carlton | Trustee | /s/ David M. Moffett | Trustee |
| Pamela G. Carlton | Trustee | David M. Moffett | Trustee |
| /s/ Janet Langford Carrig | Trustee | /s/ Catherine James Paglia | Trustee |
| Janet Langford Carrig | Trustee | Catherine James Paglia | Trustee |
| /s/ J. Kevin Connaughton | Trustee | /s/ Natalie A. Trunow | Trustee |
| J. Kevin Connaughton | Trustee | Natalie A. Trunow | Trustee |
| /s/ Olive M. Darragh | Trustee | /s/ Sandra L. Yeager | Trustee |
| Olive M. Darragh | Trustee | Sandra L. Yeager | Trustee |
| /s/ Patricia M. Flynn | Trustee |  |  |
| Patricia M. Flynn | Trustee |  |  |

---

------

**COLUMBIA ACORN TRUST**

**COLUMBIA FUNDS SERIES TRUST**

**COLUMBIA FUNDS SERIES TRUST I**

**COLUMBIA FUNDS SERIES TRUST II**

**COLUMBIA FUNDS VARIABLE INSURANCE TRUST**

**COLUMBIA FUNDS VARIABLE SERIES TRUST II**

**COLUMBIA ETF TRUST**

**COLUMBIA ETF TRUST I**

**COLUMBIA ETF TRUST II**

**COLUMBIA SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND**

**TRI-CONTINENTAL CORPORATION**

**WANGER ADVISORS TRUST**

**(each a "Registrant")**

**POWER OF ATTORNEY**

The undersigned does hereby constitute and appoint Joseph D'Alessandro, Michael E. DeFao, Ryan C. Larrenaga and Christopher O. Petersen, each individually, his true and lawful attorney-in-fact and agent (each an "Attorney-in-Fact") with power of substitution or resubstitution, in any and all capacities, including without limitation in the undersigned's capacity as Chief Financial Officer, Principal Financial Officer and Senior Vice President of each Registrant, in the furtherance of the business and affairs of each Registrant: (i) to execute any and all instruments which said Attorney-in-Fact may deem necessary or advisable or which may be required to comply with the Securities Act of 1933, the Investment Company Act of 1940, the Securities Exchange Act of 1934 (together the "Acts") and any other applicable federal securities laws, or rules, regulations or requirements of the U.S. Securities and Exchange Commission ("SEC") in respect thereof, in connection with the filing and effectiveness of each Registrant's Registration Statement regarding the registration of each Registrant or its shares of beneficial interest, and any and all amendments thereto, including without limitation any reports, forms or other filings required by the Acts or any other applicable federal securities laws, or rules, regulations or requirements of the SEC; and (ii) to execute any and all federal, state or foreign regulatory or other required filings, including all applications with regulatory authorities, state charter or organizational documents and any amendments or supplements thereto, to be executed by, on behalf of, or for the benefit of, each Registrant. The undersigned hereby grants to each Attorney-in-Fact full power and authority to do and perform each and every act and thing contemplated above, as fully and to all intents and purposes as the undersigned might or could do in person, and hereby ratifies and confirms all that said Attorneys-in-Fact, individually or collectively, may lawfully do or cause to be done by virtue hereof.

This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute unless such subsequent power of attorney specifically refers to this Power of Attorney or specifically states that the instrument is intended to revoke all prior general powers of attorney or all prior powers of attorney (and unless otherwise required by a provision of law that cannot be waived). This Power of Attorney shall terminate automatically with respect to a Registrant if the undersigned ceases to hold the above-referenced office(s) of a Registrant.

Dated: March 1, 2025

<u>/s/ Michael G. Clarke</u>

Michael G. Clarke

------

**COLUMBIA ACORN TRUST**

**COLUMBIA FUNDS SERIES TRUST**

**COLUMBIA FUNDS SERIES TRUST I**

**COLUMBIA FUNDS SERIES TRUST II**

**COLUMBIA FUNDS VARIABLE INSURANCE TRUST**

**COLUMBIA FUNDS VARIABLE SERIES TRUST II**

**COLUMBIA SELIGMAN PREMIUM TECHNOLOGY GROWTH FUND**

**TRI-CONTINENTAL CORPORATION**

**WANGER ADVISORS TRUST**

**(each a "Registrant")**

**POWER OF ATTORNEY**

The undersigned does hereby constitute and appoint Michael G. Clarke, Joseph D'Alessandro, Michael E. DeFao, Ryan C. Larrenaga and Christopher O. Petersen, each individually, his true and lawful attorney-in-fact and agent (each an "Attorney-in-Fact") with power of substitution or resubstitution, in any and all capacities, including without limitation in the undersigned's capacity as Treasurer, Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer of each Registrant, in the furtherance of the business and affairs of each Registrant: (i) to execute any and all instruments which said Attorney-in-Fact may deem necessary or advisable or which may be required to comply with the Securities Act of 1933, the Investment Company Act of 1940, the Securities Exchange Act of 1934 (together the "Acts") and any other applicable federal securities laws, or rules, regulations or requirements of the U.S. Securities and Exchange Commission ("SEC") in respect thereof, in connection with the filing and effectiveness of each Registrant's Registration Statement regarding the registration of each Registrant or its shares of beneficial interest, and any and all amendments thereto, including without limitation any reports, forms or other filings required by the Acts or any other applicable federal securities laws, or rules, regulations or requirements of the SEC; and (ii) to execute any and all federal, state or foreign regulatory or other required filings, including all applications with regulatory authorities, state charter or organizational documents and any amendments or supplements thereto, to be executed by, on behalf of, or for the benefit of, each Registrant. The undersigned hereby grants to each Attorney-in-Fact full power and authority to do and perform each and every act and thing contemplated above, as fully and to all intents and purposes as the undersigned might or could do in person, and hereby ratifies and confirms all that said Attorneys-in-Fact, individually or collectively, may lawfully do or cause to be done by virtue hereof.

This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute unless such subsequent power of attorney specifically refers to this Power of Attorney or specifically states that the instrument is intended to revoke all prior general powers of attorney or all prior powers of attorney (and unless otherwise required by a provision of law that cannot be waived). This Power of Attorney shall terminate automatically with respect to a Registrant if the undersigned ceases to hold the above-referenced office of the Registrant.

Dated: March 1, 2025

<u>/s/ Charles H. Chiesa</u> <br>Charles H. Chiesa

------

**Exhibit Index**

Exhibits Related to Item 28 of Part C

---

| | |
|:---|:---|
| (d)(13)(ii) | Amendment No. 2, dated March 27, 2025, to the Amended and Restated Subadvisory Agreement between Columbia <br> Management Investment Advisers, LLC and **J.P. Morgan Investment Management Inc.**, on behalf of Multi-Manager Large <br> Cap Growth Strategies Fund, Multi-Manager Growth Strategies Fund and Multi-Manager Small Cap Equity Strategies Fund, <br> dated November 23, 2021<br>|
| (d)(14)(iv) | Amendment No.4, dated March 27, 2025, to the Subadvisory Agreement between Columbia Management Investment Advisers, <br> LLC and **Loomis, Sayles and Company, L.P.**, dated December 4, 2013 and amended March 9, 2016 and December 11, 2019<br>|
| (d)(15)(i) | Amendment No. 1, dated March 27, 2025 to Subadvisory Agreement between Columbia Management Investment Advisers, <br> LLC and Los Angeles Capital Management LLC, on behalf of Multi-Manager Large Cap Growth Strategies Fund and Multi-<br> Manager Growth Strategies Fund, dated September 21, 2023<br>|
| (p)(3) | Code of Ethics of **AlphaSimplex Group, LLC** (a subadviser of Multi-Manager Alternative Strategies Fund) adopted March 1, <br> 2006, revised as of March 31, 2025<br>|
| (p)(6) | Code of Ethics of Baillie Gifford Overseas Limited (a subadviser of Multi-Manager International Equity Strategies Fund), <br> effective December 2024<br>|
| (p)(18)(i) | Investment Adviser Code of Ethics of **Prudential Financial (for PGIM, Inc.**, a subadviser of Multi-Manager Total Return <br> Bond Strategies Fund), dated January 31, 2025<br>|
| (p)(18)(ii) | Personal Investing Standards of **Prudential Financial** (for PGIM, Inc., a subadviser of Multi-Manager Total Return Bond <br> Strategies Fund), dated December 17, 2024<br>|
| (p)(18)(iii) | Insider Trading and Information Barrier Standards of **Prudential Financia**l, revised March 31, 2025 |

---

------

## Ex-99.(D)(13)(Ii)

**AMENDMENT NO. 2** 

**TO THE AMENDED AND RESTATED SUBADVISORY AGREEMENT** 

This Amendment No. 2 (the "Amendment"), made and entered into as of March 27, 2025, is made a part of the Amended and Restated Subadvisory Agreement between Columbia Management Investment Advisers, LLC, a Minnesota limited liability company ("Investment Manager") and J.P. Morgan Investment Management Inc., a Delaware corporation ("Subadviser"), dated November 23, 2021, and amended September 9, 2022 (the "Agreement").

WHEREAS, Investment Manager desires to retain Subadviser to provide investment advisory services to an additional mutual fund, Multi-Manager Large Cap Growth Strategies Fund, and Subadviser is willing to render such investment advisory services; and

WHEREAS, Investment Manager and Subadviser desire to amend the Agreement, including Schedule A thereto, to add, effective June 2, 2025, Multi-Manager Large Cap Growth Strategies Fund as a "Fund" covered by the Agreement.

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Inclusion of additional Fund</u>. All references to the "Fund" in the Agreement shall mean, and it
hereby does mean, each "Fund" identified on the amended Schedule A attached to this Amendment.

<u>Schedule A</u>. Schedule A to the Agreement shall be, and hereby is, deleted and replaced with the Schedule A attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Duration and Termination</u>. Section 9(a) shall be, and hereby is, deleted and replaced with the
following:

Unless sooner terminated as provided herein, this Agreement, with respect to each Fund identified on Schedule A (as amended from time to time), shall continue from the date of its execution only so long as such continuance is specifically approved at least annually in conformity with the requirements of the 1940 Act and, if applicable, any guidance provided or relief granted by the SEC. Thereafter, if not terminated with respect to a Fund, this Agreement shall continue automatically for successive periods of 12 months each, provided that such continuance is specifically approved at least annually (i) by a vote of a majority of the Board members who are not parties to this Agreement or interested persons (as defined in the 1940 Act) of any such party, and (ii) by the Board or by a vote of the holders of a majority of the outstanding voting securities (as defined in the 1940 Act) of the Fund.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Notices</u>. Section 13 to the Agreement shall be, and hereby is, amended by deleting the addresses for
Subadviser and Investment Manager and replacing them with the following:

In the case of Subadviser:

Ana Brands

Vice President, Client Account Manager

J.P. Morgan Investment Management, Inc.

277 Park Avenue

New York, NY 10172

Ph: (212) 622-4458

Email: <u>ana.m.brands@jpmorgan.com</u>

In the case of Investment Manager:

David Weiss

Global Head of Multi-Manager Solutions

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9606

Email: David.Weiss@columbiathreadneedle.com

with a copy to:

Ryan C. Larrenaga

Vice President and Chief Counsel

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9536

Email: <u>RYAN.C.LARRENAGA@columbiathreadneedle.com</u>

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Miscellaneous</u>. Capitalized terms not otherwise defined herein shall have the meanings set forth in the
Agreement. This Amendment may be executed in counterparts, each of which will be deemed an original and all of which together will be deemed to be one and the same agreement. As modified herein, the Agreement is confirmed and remains in full force
and effect.

[REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY]

------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their officers designated below as of the day and year first above written.

---

| | | | |
|:---|:---|:---|:---|
| **Columbia Management Investment**<br> **Advisers, LLC** | **Columbia Management Investment**<br> **Advisers, LLC** | **J.P. Morgan Investment Management Inc.** | **J.P. Morgan Investment Management Inc.** |
| By: | /s/ David Weiss | By: | /s/ Jonathan Petty |
|  | Signature |  | Signature |
| Name: | David Weiss | Name: | Jonathan Petty |
|  | Printed |  | Printed |
| Title: | Global Head of Multi-Manager Solutions and Assistant Secretary | Title: | Vice President |

---

------

**AMENDMENT NO. 2** 

**TO THE SUBADVISORY AGREEMENT** 

**[REDACTED DATA]**

## Ex-99.(D)(14)(Iv)

**AMENDMENT NO. 4** 

**TO THE SUBADVISORY AGREEMENT** 

This Amendment No. 4 (the "Amendment"), made and entered into as of March 27, 2025, is made a part of the Subadvisory Agreement between Columbia Management Investment Advisers, LLC, a Minnesota limited liability company ("Investment Manager") and Loomis, Sayles & Company, L.P., a Delaware limited partnership ("Subadviser"), dated December 4, 2013, as amended March 9, 2016, December 11, 2019, and March 11, 2020 (the "Agreement").

WHEREAS, Investment Manager desires to retain Subadviser to provide investment advisory services to an additional mutual fund, Multi-Manager Large Cap Growth Strategies Fund, and Subadviser is willing to render such investment advisory services; and

WHEREAS, Investment Manager and Subadviser desire to amend the Agreement, including Schedule A thereto, to add, effective June 2, 2025, Multi-Manager Large Cap Growth Strategies Fund as a "Fund" covered by the Agreement.

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Inclusion of additional Fund</u>. All references to the "Fund" in the Agreement shall mean, and it
hereby does mean, each "Fund" identified on the amended Schedule A attached to this Amendment.

<u>Schedule A</u>. Schedule A to the Agreement shall be, and hereby is, deleted and replaced with the Schedule A attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Notices</u>. Section 12 to the Agreement shall be, and hereby is, amended by deleting the addresses for
Subadviser and Investment Manager and replacing them with the following:

In the case of Subadviser:

Any notice to Loomis Sayles shall be sent to:

Loomis, Sayles & Company, L.P.

One Financial Center

Boston, Massachusetts 02111

Attn: Shannon O. Mangano

Co-Director of Client Intake – Institutional Onboarding

T: 617-960-4415

------

With copies to:

Loomis, Sayles & Company, L.P.

One Financial Center

Boston, Massachusetts 02111

Attn: General Counsel

T: 800-343-2029

F: 617-482-0653

In the case of Investment Manager:

David Weiss

Global Head of Multi-Manager Solutions

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9606

Email: David.Weiss@columbiathreadneedle.com

with a copy to:

Ryan C. Larrenaga

Vice President and Chief Counsel

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9536

Email: <u>RYAN.C.LARRENAGA@columbiathreadneedle.com</u>

[REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY]

------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their officers designated below as of the day and year first above written.

---

| | | | |
|:---|:---|:---|:---|
| **Columbia Management Investment**<br> **Advisers, LLC** | **Columbia Management Investment**<br> **Advisers, LLC** | **Loomis, Sayles & Company, L.P.** | **Loomis, Sayles & Company, L.P.** |
| By: | /s/ David Weiss | By: | /s/ Shannon O. Mangano |
|  | Signature |  | Signature |
| Name: | David Weiss | Name: | Shannon O. Mangano |
|  | Printed |  | Printed |
| Title: | Global Head of Multi-Manager Solutions and Assistant Secretary | Title: | Co-Director, Client Intake |

---

------

**AMENDMENT NO. 4** 

**TO THE SUBADVISORY AGREEMENT** 

**[REDACTED DATA]**

## Ex-99.(D)(15)(I)

**AMENDMENT NO. 1** 

**TO THE SUBADVISORY AGREEMENT** 

This Amendment No. 1 (the "Amendment"), made and entered into as of March 27, 2025, is made a part of the Subadvisory Agreement between Columbia Management Investment Advisers, LLC, a Minnesota limited liability company ("Investment Manager") and Los Angeles Capital Management LLC, a California limited liability company ("Subadviser"), dated September 21, 2023 (the "Agreement").

WHEREAS, Investment Manager desires to retain Subadviser to provide investment advisory services to an additional mutual fund, Multi-Manager Large Cap Growth Strategies Fund, and Subadviser is willing to render such investment advisory services; and

WHEREAS, Investment Manager and Subadviser desire to amend the Agreement, including Schedule A thereto, to add, effective June 2, 2025, Multi-Manager Large Cap Growth Strategies Fund as a "Fund" covered by the Agreement.

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Inclusion of additional Fund</u>. All references to the "Fund" in the Agreement shall mean, and it
hereby does mean, each "Fund" identified on the amended Schedule A attached to this Amendment.

<u>Schedule A</u>. Schedule A to the Agreement shall be, and hereby is, deleted and replaced with the Schedule A attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Portfolio Management</u>. Section 1(a) of the Agreement shall be, and hereby is, amended by adding the
following as new paragraph (vi):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Management of Funds with Multiple Subadvisers</u>. Subadviser's responsibilities for providing services
to a Fund shall be limited to the portion of the Fund's assets allocated to Subadviser ("Subadviser Account"). Subadviser shall not, without the prior approval of Investment Manager, effect any transactions that would cause the
Subadviser Account, treated as a separate fund, to be out of compliance with the Fund's investment objective, policies and restrictions. To the extent applicable, Subadviser shall not consult with any other subadviser of a Fund concerning
transactions for the Fund in securities or other assets.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Notices</u>. Section 12 to the Agreement shall be, and hereby is, amended by deleting the addresses for
Subadviser and Investment Manager and replacing them with the following:

In the case of Subadviser:

Los Angeles Capital Management LLC

Attn: CEO and General Counsel

11150 Santa Monica Blvd., Suite 200

Los Angeles, California

E-mail: <u>Trading@lacapm.com; Legal@lacapm.com</u>

Phone:1-310-479-9998

In the case of Investment Manager:

David Weiss

Global Head of Multi-Manager Solutions

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9606

Email: David.Weiss@columbiathreadneedle.com

with a copy to:

Ryan C. Larrenaga

Vice President and Chief Counsel

Ameriprise Financial, Inc.

290 Congress Street

Boston, MA 02210

Tel: (617) 385-9536

Email: <u>RYAN.C.LARRENAGA@columbiathreadneedle.com</u>

[REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY]

------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their officers designated below as of the day and year first above written.

---

| | | | |
|:---|:---|:---|:---|
| **Columbia Management Investment**<br> **Advisers, LLC** | **Columbia Management Investment**<br> **Advisers, LLC** | **Los Angeles Capital Management LLC** | **Los Angeles Capital Management LLC** |
| By: | /s/ David Weiss | By: | /s/ Daniel Allen |
|  | Signature |  | Signature |
| Name: | David Weiss | Name: | Daniel Allen |
|  | Printed |  | Printed |
| Title: | Global Head of Multi-Manager<br> Solutions and Assistant<br> Secretary | Title: | CEO and President |

---

------

**AMENDMENT NO. 1** 

**TO THE SUBADVISORY AGREEMENT** 

**[REDACTED DATA]**

## Ex-99.(P)(3)

**<u>APPENDIX H</u>** 

**<u>CODE OF ETHICS</u>**

Adopted March 1, 2006

Revised as of March 31, 2025

**Introduction** 

Each wholly owned registered investment adviser and the broker-dealer of Virtus Investment Partners, Inc. ("Virtus") (each referred to individually as a "Firm" and collectively as the "Firms") has adopted this Code of Ethics (the "Code") in accordance with applicable requirements of the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and the Investment Company Act of 1940, as amended (the "Investment Company Act"). From time to time, a Firm may attach an Appendix to this Code describing any unique provisions the Firm has made to provide additional requirements or modify requirements set forth by this Code. Modifications for one Firm in such Appendix will not be considered an amendment to any other Firm's Code.

Employees subject to this Code (as described below) are required to adhere to both the letter and spirit of the Code. Failure to adhere to this Code may result in disciplinary actions including fines, disgorgement of profits (or losses avoided), unwinding of securities transactions, curtailment of personal trading privileges, and/or termination of employment. In addition, certain violations of this Code may be considered violations of securities laws and regulations that could result in civil and/or criminal penalties.

**1.** **Standards of Conduct** 

In providing investment services to registered investment companies, institutional accounts and other clients, the Firms are governed by legal and fiduciary duties that mandate adherence to the highest standards of ethical conduct and integrity. Because an employee may have knowledge of present or future portfolio transactions in client accounts and, in some cases, the power to influence those portfolio transactions, it is possible that an employee's personal interests could – or could appear to – conflict with those of the Firms' clients if the employee engages in personal transactions in securities that are eligible for investment by the Firms' clients.

The procedures set forth in this Code are designed to address potential conflicts of interest with respect to the personal investing activities of the Firms' Supervised Persons, including those further designated as Access or Advisory Persons (all as defined below). When persons covered by the terms of this Code engage in personal securities transactions, they must adhere to the following general principles as well as to the Code's specific provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At all times, the interests of the Firms' clients must be paramount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal transactions must be conducted consistent with this Code in a manner that avoids or mitigates any actual
or potential conflict of interest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No inappropriate advantage should be taken of any position of trust or responsibility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonpublic information regarding security holdings in client accounts must remain confidential; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compliance with all applicable federal securities laws must be maintained.

In addition to the provisions of this Code, employees are responsible for compliance with other Virtus policies and procedures concerning personal conduct and conflicts of interest including, but not limited to: the Virtus Code of Conduct; Insider Trading Policy and related Guidelines; Social Media Policy; Acceptable Technology Use Policy; Political and PAC Contribution Policy and Procedures; and Gifts, Entertainment, Business Meals, Sponsorships, Business Building and Charitable Donations Policy.

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Irrespective of any investment transactions permitted under this Code and/or investment transactions approved by Compliance, this Code is subject to, and superseded by, federal securities laws, which prohibit trading, whether for personal or client accounts, while in possession of material nonpublic information. Likewise, material nonpublic information regarding Virtus or a Firm may not be shared with other employees, other than Legal or Compliance personnel. <u>Under no circumstances may employees use material nonpublic information</u> <u>about client recommendations and transactions in their own personal trading.</u>

**2.** **Persons Subject to the Code** 

All employees of Virtus and its wholly owned subsidiaries are subject to this Code and are deemed to be **Supervised Persons** of a particular investment adviser and/or broker-dealer subsidiary within the meaning of the Advisers Act and the Investment Company Act. This includes persons working at Virtus entities that are not investment advisers or broker-dealers, such as Virtus Fund Services, LLC and Virtus Shared Services, LLC, as well as employees of departments such as Human Resources, Finance, Sales, Marketing, and Product Management. Certain Supervised Persons are further classified as **Access Persons** or **Advisory Persons**, depending upon their access to client portfolio information and their role in managing client accounts.

Supervised Persons are further designated as **Access Persons** if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In connection with their job functions or duties they have access to timely, nonpublic information regarding a
Firm's investment management activities, client portfolio holdings and/or client trading activity or they are a director or officer of a Firm. In general, employees with duties or responsibilities within Information Technology, Investment
Operations, Investment Risk and Performance, Product Management, Fund Administration, Compliance, Legal, Internal Audit or other areas determined by Compliance are designated as Access Persons.

Supervised Persons are further designated as **Advisory Persons** if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In connection with their job functions or duties, they make, recommend or implement investment decisions on
behalf of client accounts managed by a Firm. In general, portfolio managers, investment research analysts, traders and certain of their support personnel are designated as Advisory Persons.

Employees who perform certain services for multiple Firms (i.e., shared services) or share office space with another Firm, may be designated by Compliance as Supervised, Access and/or Advisory Persons of multiple Firms.<sup>1</sup> These are general rules and Compliance may designate persons as Supervised, Access or Advisory for reasons other than indicated above, if determined to be consistent with the purpose of this Code.

<sup>1</sup> Reference: Rule 204A-1(a)(3) Section 202(a)(25) of the Advisers Act [15 U.S.C. 80b-2(a)(25)], which defines "supervised person" as an adviser's partners, officers, directors (or other persons occupying a similar status or performing similar functions) and employees, as well as any other persons who provide advice on behalf of the adviser and are subject to the adviser's supervision and control; Footnotes 23, 25 and 28 of Adopting Release of Final Rule 204A-1 (17 CFR Parts 270, 275 and 279) [Release Nos. IA-2256, IC-26492]; File No. S7-04-04. 

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The chart below provides a summary of requirements under this Code depending upon the employee's designation as a Supervised Person, or additional designation as an Access or Advisory Person and references the Section of this Code providing additional explanations of each requirement:

**Summary of Code of Ethics Requirements by Employee Classification** 

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| | | | |
|:---|:---|:---|:---|
| **REQUIREMENT / CODE SECTION** | **SUPERVISED<br>PERSONS** | **ACCESS<br>PERSONS** | **ADVISORY<br>PERSONS** |
| Section 1. STANDARDS OF CONDUCT | ✓ | ✓ | ✓ |
| Section 2. PERSONS SUBJECT TO THE CODE | ✓ | ✓ | ✓ |
| Section 3.1. ATTESTATION OF RECEIPT, UNDERSTANDING AND COMPLIANCE | ✓ | ✓ | ✓ |
| Section 3.2. REPORTABLE SECURITIES AND REPORTABLE ACCOUNTS: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• DEFINITION OF REPORTABLE SECURITIES AND REPORTABLE ACCOUNTS | ✓ | ✓ | ✓ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NOTIFYING COMPLIANCE OF EXISTING REPORTABLE ACCOUNTS AND APPROVAL FOR NEW REPORTABLE ACCOUNTS | ✓ | ✓ | ✓ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MANAGED ACCOUNTS (DEFINED) | ✓ | ✓ | ✓ |
| Section 3.3. NOTIFYING COMPLIANCE OF EXISTING REPORTABLE ACCOUNTS AND APPROVAL FOR NEW REPORTABLE ACCOUNTS | ✓ | ✓ | ✓ |
| Section 3.4. INITIAL AND ANNUAL HOLDINGS REPORTS | ✓ | ✓ | ✓ |
| Section 3.5. QUARTERLY TRANSACTIONS REPORTS | ✓ | ✓ | ✓ |
| Section 3.6. DUPLICATE TRADE CONFIRMATIONS AND PERSONAL BROKERAGE ACCOUNT STATEMENTS | ✓ | ✓ | ✓ |
| Section 4.1. TRADE PRECLEARANCE REQUIREMENTS FOR NON- VIRTUS SECURITIES |  | ✓ | ✓ |
| Section 4.2. TRADE PRECLEARANCE REQUIREMENTS FOR VIRTUS SECURITIES | ✓ | ✓ | ✓ |
| Section 5. TRADE BLACKOUT RULE |  |  | ✓ |
| Section 6. OTHER TRADING RESTRICTIONS |  | ✓ | ✓ |
| Section 7. HOLDING PERIOD RULE |  | ✓ | ✓ |
| Section 8. DUTY TO REPORT VIOLATIONS | ✓ | ✓ | ✓ |
| Section 9. SANCTIONS FOR VIOLATIONS OF THE CODE | ✓ | ✓ | ✓ |
| Section 10. WAIVERS, TEMPORARY EXEMPTION FROM CODE APPLICATION, AND EXTENSIONS | ✓ | ✓ | ✓ |

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**3.** **Reporting Requirements for Supervised, Access and Advisory Persons** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1** **Attestation of Receipt, Understanding and Compliance** 

All employees will receive a copy of the Code upon hire and must certify their receipt, reading, understanding of, and compliance with the Code within ten (10) days of becoming subject to the Code and at least annually thereafter. Employees are also required to certify the same with respect to amendments of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2** **Reportable Securities and Reportable Accounts** 

Supervised Persons, including those further designated as Access or Advisory Persons, must disclose to Compliance all Reportable Securities positions as well as all Reportable Accounts (both brokerage and investment advisory accounts), as further defined and discussed below.

**Reportable Securities** are broadly defined and include transactions (both long and short) in the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of stocks, ADRs, and other equity securities (including any security convertible into equity securities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Warrants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bonds and notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of exchange traded funds ("ETFs") and exchange traded notes ("ETNs");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of closed-end funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Options, futures and other derivatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Private placement securities<sup>2</sup>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of open-end mutual funds managed by a Firm or managed by a non-affiliate as a subadviser to a Firm<sup>3</sup>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Securities acquired in an initial public offering ("IPO") or a limited offering, or crowdfunding
initiatives to raise capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial or limited coin offerings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Cryptocurrency" or "digital assets" unless specifically exempted by Compliance (as indicated
in Schedule A).

The following are ***not*** considered Reportable Securities**:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Direct obligations of the U.S. Government;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money market instruments and funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bankers' acceptances, certificates of deposit, commercial paper and other high quality short-term debt
instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of open-end mutual funds that are not managed by a Firm; and

<sup>2</sup> A private placement is an offering of securities that are exempt from registration under various laws and rules, such as the Securities Act of 1933 in the U.S. and the Listing Rules in the U.K. Private placements can include limited partnerships, certain cooperative investments in real estate, co-mingled investment vehicles such as hedge funds, and investments in privately held and family-owned businesses. For the purpose of this Code, time-shares and cooperative investments in real estate used as a primary or secondary residence are not considered to be private placements. 

<sup>3</sup> A list of open-end mutual funds managed by a Firm or managed by a non-affiliate as a subadviser to a Firm is available on VirtusNet.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Holdings in 529 Plans (unless such holdings are a mutual fund managed by a Firm or managed by a non-affiliate as a subadviser to a Firm).<sup>4</sup>

**Reportable Accounts** are all securities accounts (brokerage and investment accounts) that a Supervised Person or members of their household have direct or indirect investment discretion over and that hold, or can hold, Reportable Securities. Reportable Accounts include investment accounts of certain related persons including a Supervised Person's spouse, domestic partner, children and stepchildren, and certain other persons<sup>5</sup> residing in the same household as the Supervised Person. Investment accounts meeting the above definition must be reported even if Reportable Securities are not currently held in the account. Accounts maintained through Fidelity for the Virtus 401(k) Plan (other than BrokerageLink accounts) or any other U.S. Virtus-sponsored retirement or benefit plans do not require reporting.

**Managed Accounts** are Reportable Accounts from which a Supervised Person or a member of their household benefits financially, but over which neither the Supervised Person nor a member of their household exercise direct or indirect investment discretion. Usually, with a Managed Account, a third-party money manager or financial advisor is hired to make all investment decisions for the account and the Supervised Person does not discuss any specific transactions for the account with the manager. Designation of a Managed Account must be properly documented and approved in accordance with Compliance procedures. Once designated as such by Compliance, Managed Accounts are not subject to the requirements of Section 4.1 (Trade Preclearance Requirements for Non-Virtus Securities), Section 4.2 (Preclearance requirement for Virtus Securities) (subject to the limitations for Restricted Insiders discussed below), Section 5 (Blackout Rule for Advisory Persons), or Section 7 (Holding Period Rule for Access and Advisory Persons). <u>However, brokerage statements and trade confirmations must be provided (see Section</u> <u>3.6); purchasing IPOs is restricted (see Section</u> <u>6); and private placement and limited offerings must be precleared, including those opportunities recommended by an outside financial advisor (see Section</u> <u>6).</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3** **Notifying Compliance of Existing Reportable Accounts and Approval for New Reportable Accounts** 

Supervised Persons must notify Compliance of all existing Reportable Accounts within ten (10) days of hire. After hire, Supervised Persons must obtain approval from Compliance *<u>in advance</u>* of opening any new Reportable Account and promptly provide Compliance with the account number and related details when they become available. Note the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any Virtus 401(k) Plan Fidelity Account and activity therein will automatically be reported to Compliance; <u>however, employees must specifically notify Compliance of any new or existing Fidelity "BrokerageLink" account, Virtus/Fidelity Health Savings Account ("HSA") or any other Fidelity account capable of holding Reportable Securities</u>.

<sup>4</sup> A list of open-end mutual funds managed by a Firm or managed by a non-affiliate as a subadviser to a Firm is available on VirtusNet.

<sup>5</sup> Compliance may determine certain persons (other than those specifically listed above) who reside at the same address are <u>not</u> part of the same household if they do not otherwise have any of the following: direct or indirect investment discretion over the person's brokerage account(s) or investment(s); transparency, influence or control over the person's financial affairs; nor provide or receive recommendations or advice from the person concerning investments. Employees are encouraged to be forthcoming and discuss such matters with Compliance promptly at the time of hire and/or upon the development of such situation. 

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other company 401(k) or 403(b) plan accounts or any IRA account maintained by the Supervised Person or members of
their household need to be reported <u>if</u> such accounts have the capacity to invest in Reportable Securities<sup>6</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity accounts that hold Restricted Stock Units ("RSUs") are not considered Reportable Accounts. The
shares of Virtus common stock issued upon vesting of the RSUs become Reportable Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Supervised Persons are required to promptly inform Compliance when Fidelity automatically opens a brokerage
account when they become vested in Virtus RSUs, Virtus options or similar instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Supervised Person's investments in Virtus open-end mutual funds
that are made directly through the funds' <u>transfer agent</u> will automatically be reported to Compliance.

Only those broker-dealers providing Compliance with electronic feeds containing required information will automatically be approved. A listing of such broker-dealers is available on VirtusNet. Exceptions may be made in the sole discretion of Compliance.

Compliance reserves the right to require Supervised Persons to close any Reportable Accounts with broker-dealers who do not provide required information on a reliable, timely or efficient basis.

Supervised Persons must promptly notify Compliance upon closing any Reportable Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4** **Initial and Annual Holdings Reports** 

Supervised Persons, including those further designated as Access or Advisory Persons, must submit or confirm a report listing all personal holdings of Reportable Securities within ten (10) days of hire and annually thereafter. Information contained in the initial report must be current as of a date not more than forty-five (45) days prior to an a Supervised Person's hire date. Annual reports must be current as of December 31<sup>st</sup> of each year, submitted by the following January 31<sup>st</sup>, and shall include such information required by Compliance including a certification by the Supervised Person that they have read, understand and complied with the requirements of the Code. Reporting is normally initiated by Compliance and completed through the StarCompliance system or other formats designated by Compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5** **Quarterly Transactions Reports** 

Supervised Persons, including those further designated as Access or Advisory Persons, must complete a quarterly report of transactions in Reportable Securities within the timeframe specified by Compliance (generally fifteen (15) days after quarter-end). Reporting is generally completed through the StarCompliance system.

<sup>6</sup> Non-Virtus 401(k) plan and 403(b) plan accounts are <u>not</u> considered Reportable Accounts as long as they cannot hold shares of Reportable Securities or open-end mutual funds managed by a Firm or managed by a non-affiliate as a subadviser to a Firm.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6** **Duplicate Trade Confirmations and Personal Brokerage Account Statements** 

Broker-dealers must promptly provide Compliance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Duplicate copies of trade confirmations for Reportable Security transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Account statements for each Reportable Account at least quarterly.

The above requirements may be satisfied by arrangements Supervised Persons make through Compliance for broker-dealers to provide electronic feeds to the StarCompliance system or other designated location. In the event broker-dealers cannot provide electronic feeds, Supervised Persons will be responsible to promptly upload necessary information into the StarCompliance system or other designated location.

**4.** **Trade Preclearance Requirements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1** **Preclearance Requirements for non-Virtus Securities for Access and Advisory Persons** 

Generally, subject to other provisions of this Code, Access and Advisory Persons may not purchase or sell a Reportable Security for their own account at times during which any client account has a buy or sell order pending for a security of the same issuer or when trading in the Reportable Security is otherwise restricted. Advisory Persons are subject to additional restrictions as described in *Section 5* (Blackout Rule for Advisory Persons).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Access and Advisory Persons must obtain approval from Compliance prior to buying or selling Reportable Securities
("preclearance") (unless the security type is indicated as not requiring preclearance further below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Preclearance requests are generally initiated by submitting a request to Compliance through the StarCompliance
system and awaiting a response for approval before placing an order for a Reportable Security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When submitting requests for multiple transactions at one time, Access and Advisory Persons should carefully
review the responses from Compliance, which will be provided separately for each request, as some may be approved but others may be denied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Preclearance is also required for all investments in IPOs or private placements, so the terms of such offering
can be reviewed and approved by Compliance in advance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unless otherwise indicated, preclearance approvals are valid until 5 pm (ET) of the next business day regardless of an Access or Advisory Person's specific geographic location, (with the exception of private placement transactions and limited offerings, which are determined on a case-by-case basis). An order, including limit orders, not executed within that time must be re-submitted for preclearance approval.

Preclearance will be denied in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When the Firm(s) of which an employee is an Access or Advisory Person has a pending buy or sell order for any
security of the same issuer for a client account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When a security is restricted by any Firm(s) for which an employee is an Access or Advisory Person; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other circumstances as may be determined by Compliance on a case-by-case basis consistent with the purposes of the Code.

Where no other conflict is deemed present<sup>7</sup>, Compliance, in its discretion, may approve preclearance requests for **Access Persons** *(but <u>not</u> Advisory Persons)* up to the following "de minimis" transaction amounts<sup>8</sup>, irrespective of the Firm's pending buy or sell order for the security for a client account:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Up to (but not exceeding) 1,000 shares during a *<u>rolling</u>*   30 days (in the aggregate for all of
an Access Person's Reportable Accounts) in issuers with a market cap equivalent of $10 billion (USD) or more at the time of the transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Up to (but not exceeding) 1,000 shares during a *<u>rolling</u>*   30 days (in the aggregate for all of
an Access Person's Reportable Accounts) in ETFs or ETNs that are not managed by a Firm or managed by a non-affiliate as a subadviser to a Firm.<sup>9</sup>

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Access and Advisory Persons are <u>not</u> required to preclear transactions in the following types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Direct obligations of the Government of the United States

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money market instruments such as commercial paper, repurchase agreements, bankers' acceptances and bank
certificates of deposit, and other high quality short-term debt instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of money market funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Cryptocurrency" or "digital assets" that are not otherwise considered initial or limited
coin offerings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Open-end mutual funds and unit investment trusts invested in open-end mutual funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchases pursuant to an automatic investment or dividend reinvestment plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchases upon the exercise of rights issued by an issuer pro rata to all holders of a class of its securities,
to the extent the rights were acquired from the issuer, and sales of such rights so acquired

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions under an employee stock purchase or incentive program unless otherwise restricted

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-volitional transactions (such as stock splits, dividends, corporate
actions, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions in Managed Accounts, with the exception of IPOs and private placement transactions, provided that
prior to the transaction Compliance has approved the classification of the account as a Managed Account

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2** **Preclearance, transaction and account requirements for Virtus Securities** 

Supervised Persons, including those also designated as Access and Advisory Persons, must preclear transactions in Virtus common shares (ticker: VRTS) and any other type of security Virtus may issue, including, but not limited to, preferred stock, convertible debentures, and warrants (collectively, with Virtus common shares, "Virtus Securities").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Employees must comply with the Virtus Insider Trading Policy and employees designated as Restricted Insiders must
also comply with the related Trading Restrictions and Preclearance Guidelines Applicable to Restricted Insiders ("Trading Guidelines"), both of which are available on VirtusNet.

<sup>7</sup> Trade preclearance requests in conflict with the Holding Period Rule (*Section 7*) and issuers listed on applicable restricted lists will generally be denied.

<sup>8</sup> "Transaction amounts" means the number of shares sold *<u>plus</u>* the number of shares bought, i.e., sells *<u>do not</u>* offset buys. 

<sup>9</sup> A list of ETFs and ETNs managed by a Firm or managed by a non-affiliate as a subadviser to a Firm is available on VirtusNet.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unless otherwise indicated, preclearance approvals for Virtus Securities are valid until 5 pm (ET) of the next
business day, regardless of the employee's specific geographical location. An order (including limit orders) not executed within that time must be re-submitted for preclearance approval. Once designated
as an approved Managed Account by Compliance, transactions in Virtus Securities within such managed accounts are not subject to preclearance requirements; provided, however, employees who are deemed Restricted Insiders pursuant to the Virtus Insider
Trading Policy and related Trading Guidelines must preclear any transaction in Virtus Securities, whether in an approved Managed Account or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Employees may not engage in short sales of Virtus Securities or transact in any derivatives (such as puts, calls,
or futures) of Virtus Securities. Additionally, employees may not engage in hedging or monetization strategies of Virtus Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Employees who are designated Restricted Insiders may not hold Virtus Securities in a brokerage account with
margin capabilities or pledge Virtus Securities as collateral for a loan without Legal and Compliance pre-approval.

**5.** **Blackout Rule for Advisory Persons** 

In addition to the preclearance requirements of Section 4 (Trade Preclearance Requirements), Advisory Persons may not transact in any Reportable Security on the same day as, or seven (7) calendar days before or after, a trade in securities of the same issuer that is also traded in any client account(s) associated with the Advisory Person. The Blackout Rule does not apply to transactions in Reportable Securities that are exempt from the preclearance requirements of Section 4.

**6.** **Other Restrictions for Access and Advisory Persons** 

Access and Advisory Persons are at all times prohibited from engaging in any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchasing or selling single-stock futures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchasing or selling options on (referencing) a single name/issuer. Transactions and holdings of options
referencing broad-based indices are allowed. A list of options referencing broad-based indices is available on VirtusNet and additions may be approved by Compliance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Taking short positions other than on broad-based indices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchasing or otherwise acquiring securities in an IPO, the substantial equivalent of an IPO, or in so-called initial coin (cryptocurrency) offerings, unless otherwise approved by Compliance; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Using a derivative or synthetic instrument or using any other means to circumvent a restriction in the Code.

In addition to the above, Advisory Persons are further prohibited from engaging in the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Taking a short position on any index that is held long in a client account of a Firm the employee is an Advisory
Person of;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Serving on the board of directors of any publicly traded company, absent the prior approval of an Executive
Officer<sup>10</sup> of Virtus and Compliance, based on a determination that such service will not conflict with the interests of any Firms or their clients; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Purchasing a private placement or limited offering in client accounts where there exists a personal interest in
the same issuer without preapproval from Compliance.

<sup>10</sup> Includes the Virtus Executive Officers listed on www.virtus.com.

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**7.** **Holding Period Rule for Access and Advisory Persons** 

Unless an exception applies, Access and Advisory Persons must hold all Reportable Securities for no less than thirty (30) days, even if the purchase was exempt from preclearance (the "Holding Period Rule"). The Holding Period Rule prohibits the purchase or sale of options with an expiration date that is within thirty (30) days of the transaction date, as well as the sale of covered calls on securities held for less than thirty (30) days.

Compliance with the Holding Period Rule will be determined using a last in, first out methodology applied across all Reportable Accounts unless otherwise exempted, and Access and Advisory Persons may not sell any share(s) of a Reportable Security until a minimum of thirty (30) days have passed since the last purchase of the same security in any of their Reportable Accounts.

**Exceptions: The Holding Period Rule does not apply to the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions in open-end mutual funds that are managed by any Firm
(although "market timing" restrictions imposed by such funds must be observed);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions in shares of VRTS received upon the vesting of RSU grants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exercising VRTS options and selling the shares, where such options have been provided as grants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions in approved Managed Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions in digital assets.

**8.** **Duty to Report Violations** 

Employees must promptly report any known violations of this Code to Compliance and should contact Compliance if they have reason to believe that a violation may have occurred or is reasonably likely to occur. Failure to report such matters is itself a violation of this Code. If the matter involves a member of Compliance, the report should be made directly to Virtus' Global Chief Compliance Officer. In the event the reported event involves the Global Chief Compliance Officer, the report should be made directly to the Virtus' Chief Legal Officer. Employees may also report such matters using the Virtus Whistleblower Hotline.<sup>11</sup>

**9.** **Sanctions for Violations of the Code** 

In the event of a violation of the Code by any Supervised Person, including those further designated as Access or Advisory Persons, Compliance may impose appropriate sanctions considering the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The seriousness of the violation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Whether the violation was willful or inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Whether the violation was self-reported;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The employee's job function and classification as a Supervised, Access or Advisory Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prior violations of the Code; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any other factor(s) that Compliance may consider important under the specific circumstances.

<sup>11</sup> Instructions for using the Virtus Whistleblower Hotline are available on VirtusNet. 

------

Sanctions may include, but are not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Verbal and/or written admonishment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Re-training on the requirements of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notice to the person's manager and/or members of firm management;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fines and/or reversal of trades, with the fines and disgorgement of profits (or losses avoided) donated to a
charity designated by Compliance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Partial or full restriction of personal trading for a period of time (which may be the remainder of the
Person's employment); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Suspension or termination of employment.

**10.** **Waivers, Temporary Exemption from Code Application, and Extensions** 

Compliance may, from time to time, grant waivers to provisions of this Code for equitable or other reasons. Compliance will maintain reasonable documentation of any such waivers. The waivers may be granted to individuals or classes of individuals with respect to particular transactions or classes of transactions and may apply to past as well as future transactions. No waiver will be granted if Compliance is aware or reasonably believes that doing so will result in a violation of applicable federal securities laws or the principles of this Code.

Employees on approved leaves of absence (e.g., leaves for medical, active military service, bereavement, FMLA, etc.) may be temporarily exempt from the pre-clearance and reporting provisions of the Code, provided that the following requirements are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• They do not participate in, obtain information with respect to, or make recommendations as to, the purchase or
sale of securities on behalf of any client;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• They do not have access to information regarding the day-to-day investment activities of the Firm including but not limited to IT systems and Firm email;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• They do not devote significant time to the activities of the Firm; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compliance approves such temporary exemption in writing.

Employees must complete quarterly transaction reports promptly upon their return to work after an approved leave of absence.

In addition to the above, Compliance may grant extensions to quarterly reporting deadlines in cases of hardship, illness, system unavailability or other circumstances provided that the timeframe, as extended, may not exceed thirty (30) days after quarter-end. Any such extension shall not be deemed a waiver of the Code's provisions.

**11.** **Responsibilities of Compliance** 

In addition to those responsibilities described in the foregoing, Compliance is responsible for the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determining which employees are classified as Supervised, Access or Advisory Persons and notifying employees of
their classification. In doing so, Compliance may determine whether any temporary employees, consultants, interns or the equivalent should be treated as employees under this Code and, if so, whether they should be classified as Supervised, Access or
Advisory Persons.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintaining records regarding the Code and its administration as required by Rule 204-2 of the Advisers Act and Rule 31a-2 of the Investment Company Act. Such records will be maintained in a readily accessible place for at least five (5) years,
with the first two (2) years in a Firm office. Required records include the following for the past five (5) years:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A copy of each Code in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Records of any violations of the Code and action taken in response thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Records of employees' written acknowledgements of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A list of all employees who have been required to make reports pursuant to the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Records of decisions to approve transactions in private placements and the basis for such approvals; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Copies of all reports made by the Chief Compliance Officer of each Firm and by the Chief Compliance Officer of
the Virtus Funds regarding the administration of the Code as required by the Advisers Act or the Investment Company Act.

------

***<u>Schedule A</u>***

This Schedule last updated: April 1, 2023

**Digital Assets Exempted from the Code of Ethics Reporting Requirements** 

The following digital assets are specifically exempted from Code reporting requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bitcoin currency code "BTC" and "XBT"

*This Schedule will be updated from time to time without being considered an amendment to the Code of Ethics.*

## Ex-99.(P)(6)

![LOGO](g850985g0528101010193.jpg)

**Code of** 

**ethics policy** 

**Contents** 

---

| | |
|:---|:---|
|  **Purpose** | **02** |
|  **How this policy embodies 'our shared beliefs'** | **02** |
|  **Ethical principles** | **02** |
|  **Conflicts of interest** | **03** |
|  **Policy** | **03** |
|  **Monitoring** | **05** |
|  **Record keeping** | **05** |
|  **Appendix - Global regulatory requirements** | **06** |
|  **Scope** | **08** |
|  **Index of updates** | **09** |

---

---

| |
|:---|
| **Policy maintainance and approval** |
| The policy is maintained by the Compliance Department. |
| The policy is reviewed on an at least annual basis by the Compliance Policy Review Group, on behalf of the Operational Compliance Committee (OCC). |
| Any material changes to the policy are approved by the Group Compliance Committee (GCC) on behalf of the relevant entities. |
| The policy can be shared externally. |
| **Date of last CPRG review: December 2024** |
| Reason for review: Annual review Policy owner: Adam McIntosh |
| Any queries regarding the policy should be referred to the policy owner. |

---

------

Code of ethics policy 2024

**Purpose** 

At Baillie Gifford, we fulfil our fiduciary duty to clients as investment managers and advisers. We commit to prioritising their interests, treating them fairly, and delivering positive outcomes. We avoid any conflicts where our interests might take precedence over theirs, guided by our Code of Ethics ('Code').

Our compliance culture and ethics are crucial to both clients and regulators. Clients view the Code as a reflection of our Firm's culture and often inquire about code violations to gauge this culture.

Regulators emphasise 'culture' and 'conduct,' seeing culture as the business's DNA that shapes behaviour and ethics. We have built our reputation through individual conduct, acting with integrity and in our clients' interests.

The Code, enforced across all regulated entities and approved by our Group Compliance Committee, ensures regulatory compliance\*. It includes:

• Ethical principles aligned with global conduct regulations.

• Conflicts of Interest guidance.

• Policy requirements, such as personal account dealing, inducements, and outside business interests.

**How this policy embodies 'our shared beliefs'** 

Our clients come first

We act with integrity, judging our actions and intentions through the eyes of our clients. We strive for excellence across all areas of the Firm and every contribution plays a role in developed trusted long-term partnerships with our clients.

**Ethical principles** 

All Partners and staff must adhere to the Firm's guiding ethical principles, which align with regulatory conduct rules and codes of conduct from various professional organisations of which you may be a member.

In both personal and business life, we face ethical issues that require careful consideration. When making decisions, we must consider their impact on clients, ensure the decision-making process is fair and thorough, involve all relevant stakeholders, and identify any competing or conflicting interests.

The Ethical Principles are designed to prompt these considerations and help ensure that we put our clients interests first. They are as follows:

**Fairness** 

Act fairly when dealing with clients and counterparties of Baillie Gifford by being impartial, objective, and honest. Examples of unfair conduct include:

• Misleading a client about the risks of an investment.

• Misleading a client about the likely performance of a product by providing inappropriate projections of future returns.

• Failing to acknowledge or resolve mistakes in dealing with clients.

**Honest and integrity** 

Act honestly and with integrity in your role, avoiding actions that could harm Baillie Gifford's reputation or are deceitful, oppressive, or improper. Use fair methods to win or retain business. Avoid offering lavish gifts, frequent hospitality, or engaging in 'pay to play' practices. Baillie Gifford is committed to conducting business fairly and has zero tolerance for bribery. Examples of conduct breaching honesty and integrity include:

• Falsifying documents.

• Providing false information to clients, regulators, auditors, or third parties.

• Mismarking investment values.

• Misleading others about accepted risks.

• Failing to disclose personal dealings, gifts, political contributions, or outside interests as required by the Code of Ethics.

**Adherence to law and regulation** 

Follow applicable laws, regulations, and professional standards in your activities, applying them to the best of your knowledge and ability. Be open and cooperative with Baillie Gifford's regulators. Familiarise yourself with and adhere to policies within the Personal Responsibilities section of the Group Compliance Manual. Examples of conduct that might breach openness and cooperation with regulators include:

• Providing false or inaccurate information to regulators.

• Failing to supply requested documents or information within the required time.

• Not attending interviews or answering questions from regulators.

\* The appendix to this policy outlines the global regulatory requirements that apply to the Firm.

------

Code of ethics policy 2024

**Market conduct** 

When executing transactions, engaging in market dealings or communicating with counterparties, uphold market integrity and adhere to good practices and conduct expected of market participants. Comply with relevant market codes and exchange rules. Examples of poor market conduct include:

• Insider dealing.

• Unlawful disclosure of material non-public information.

• Market manipulation through inappropriate trading activities.

• Market manipulation through inappropriate communication activities.

• Using non-recorded electronic communication devices and/or applications for regulatory business activities.

**Loyalty to clients** 

Put our clients' interests ahead of your own and manage any conflicts of interest fairly and effectively. Avoid conflicts when possible, and manage and disclose them according to Baillie Gifford's conflict procedures. Use Baillie Gifford's investment recommendations and proprietary information exclusively for clients. Examples of disloyalty to clients include:

• Prioritising Baillie Gifford profits over client interests.

• Misuse of proprietary information for personal gain.

• Not informing clients about potential conflicts of interest that could affect investment decisions.

**Maintaining confidentiality** 

Respect client confidentiality by not using or disclosing information about current, former, or prospective clients for unethical or illegal purposes. Share confidential client data with outside parties only when absolutely necessary, and obtain authorisation if required. If unsure, consult the Information Security policy which outlines data security classifications and handling rules. Examples of conduct which would breach confidentiality include:

• Unauthorised sharing of client information with a third party.

• Improper use of client data for personal gain.

• Negligent data handling leading to unauthorised access to sensitive information, compromising client privacy and trust.

**Transparency** 

If you suspect a conflict of interest or believe there might be a perception of one, disclose the details to your Head of Department, the Compliance Department, or the relevant chairperson. Examples of conduct which would be untransparent include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• Personally owning shares in a company and not disclosing this potential conflict to a group of decision-makers discussing a potential transaction in shares of the company on behalf of clients.

• Not fully disclosing all personal shareholdings in an initial or annual Code of Ethics declaration.

• Not fully disclosing all information requested by the Compliance Department or a regulator.

**Conflicts of interest** 

Conflicts can arise between Baillie Gifford, its Partners and employees, and a client. Conflicts can also arise between multiple clients. Situations giving rise to a conflict include:

• Individuals making financial gains or avoiding losses at the client's expense.

• Having personal interest in the outcome of services or transactions that differs from the client's interest.

• Financial or other incentive which favours one client over another.

• Individual is in the same business as the client; and

• Inducements from individuals in relation to client services (monetary, goods, or services).

You have a responsibility to identify potential conflicts from both a personal and Firm activity perspective.

This is supported through adherence to this Code and can be ensured by your vigilant identification, management or avoidance, and disclosure of conflicts of interest.

If you identify a new potential or unavoidable conflict at either a personal or Firm level, you have a duty to disclose to the Compliance department via the Conduct & Market Oversight team, using the following e-mail address: CodeofEthicsQueries@bailliegifford.com (secure mailbox).

**Policy** 

The following policy points are supplemented by a series of underlying supporting documents which also include guidance on how to use the Firm's Code of Ethics System.

**General** 

Upon starting your employment and annually thereafter, you must:

• Read and understand the Code thoroughly.

• Submit a Code of Ethics declaration, disclosing your personal account broker accounts, shareholdings, outside business interests, political contributions from the last two years, and certify your understanding.

------

Code of ethics policy 2024

Note: Additional disclosure requirements for specific roles are detailed in the PA dealing supporting document and entity-specific compliance policies.

On an ongoing basis, you must:

• Follow the Firm's guiding ethical principles.

• Take responsibility for personal compliance risks related to the Code of Ethics.

• Use the Firm's Code of Ethics System to obtain pre-clearance for personal activities (where required) and log compliance records.

• Understand that the Compliance Department is available for advice but prioritises client and Firm matters over personal issues of staff.

In addition:

• The Head of Compliance (whom failing, a delegate) can clarify the Code's meaning and provide waivers in exceptional cases, except where it would breach regulatory requirements.

• A material violation of the Code may result in disciplinary action, remuneration clawback, or reporting a Conduct Rule breach to the UK Financial Conduct Authority and other applicable regulators. Report any potential
violations immediately to the Conduct & Market Oversight team at CodeofEthicsQueries@bailliegifford.com (secure mailbox).

**Personal account dealing** 

Baillie Gifford prioritises clients' interests, ensuring they receive the best possible trade execution. To uphold this standard, you must avoid actions that could disadvantage clients through personal account (PA) dealing. The Firm permits PA dealing under specific restrictions, allowing you and your connected persons to conduct investment transactions within these guidelines. You must also ensure that PA dealing does not detract from your primary job responsibilities.

Note: "Connected persons" and a list of applicable securities are fully defined within the PA Dealing supporting document.

PA dealing is prohibited where:

• You know Baillie Gifford is actively considering an investment opportunity.

• Baillie Gifford is trading applicable securities for clients.

• You or Baillie Gifford possess material non-public information.

• It involves misuse or improper disclosure of confidential or proprietary information related to clients or trading.

In addition:

• Do not advise, recommend or procure others to enter transactions prohibited under our PA dealing requirements. This includes disclosure of information or opinion which is likely to result in such transactions.

• Do not enter a PA deal or insurance contract to hedge against deferred remuneration risks

• Obtain pre-clearance using the System before PA dealing in applicable securities. After pre-clearance, instruct the PA deal with your
broker by the close of business the next working day.

• Avoid buying and selling, or selling and buying, the same or equivalent securities within 60 days.

• If you have specific knowledge of a pending Investment Trust share buy-back, refrain from PA dealing in that Investment Trust until completion.

• Profits from PA dealing in violation of the Code may be subject to disgorgement.

Specific to the Investment department:

• Investment team members cannot PA deal within seven days before or after clients in a strategy they are involved in have traded the same security. If unaware of pending client activity when requesting pre-clearance, you will not violate the Code.

• Inform decision-making groups if you own shares in a company under discussion and consider withdrawing from discussions if there is an unmanageable conflict of interest. Compliance can provide advice and record-keeping
support case-by-case.

**Inducements** 

• Do not accept gifts, favours, entertainment, hospitality, or other inducements of material value that could influence your decision-making or make you feel obligated to someone or their company.

• Similarly, do not offer such inducements that could influence the recipient's decision-making or make them feel obligated to you or Baillie Gifford.

• Soliciting gifts, hospitality, entertainment, or anything of value is prohibited.

• Giving or receiving cash gifts is also prohibited, and no cash donations should be made in connection with clients or prospective clients.

• All staff must consider political contributions from a conflict of interest and transparency perspective.

There are specific US "pay-to-play" requirements that introduce pre-clearance requirements, detailed in the Inducements supporting document.

------

Code of ethics policy 2024

• Giving or receiving gifts is acceptable if the gift is below approximately £50 (or equivalent in another currency) in value and does not occur frequently. Options for scenarios where the value is greater are
detailed in the Inducements supporting document, along with record-keeping requirements.

• Exercise discretion in the value and frequency of business lunches, dinners, and entertainment or hospitality you give or receive. Further details are included in the Inducements supporting document.

• Some clients have specific Code of Ethics requirements that may exceed our own. Consider these additional requirements when giving gifts or entertainment.

**Outside business interests** 

• Be able to identify, disclose to Compliance and manage any outside activities or personal associations that could negatively impact your job performance, conflict with Baillie Gifford's interests and/or harm client
relationships. If you have any concerns, seek advice from Compliance.

• Disclose proposed external positions promptly to Compliance, and in some cases, obtain pre-clearance based on the relevance to Baillie Gifford's business, your role, and your
regulatory registrations. Further details are included in the Outside Business Interests supporting document.

• The Compliance Conduct & Market Oversight team, using the Code of Ethics System, handles all outside business interest disclosures and shares relevant information with the Human Resources, Group Governance
Services, and Anti-Financial Crime Departments. If needed, the team will secure approval from the Head of Compliance (whom failing, a delegate) and the Chief Compliance Officer of any relevant Baillie Gifford entity, confirming receipt or requesting
further information. Partners or Chief Executive Officers of Baillie Gifford subsidiary companies must also obtain approval from a Managing Partner for external appointments.

**Monitoring** 

The Group Compliance Monitoring Team is responsible for the compliance monitoring plan which, using a risk-based approach, seeks to provide assurance on our regulated activities. Where our risk assessment indicates monitoring is required, the Group Compliance Monitoring Team monitor for compliance with this policy. Where appropriate, a report of the results of this monitoring will be provided to the Group Compliance Committee or relevant board and the results of this monitoring will be taken into consideration when assessing the ongoing knowledge and competence of affected individuals.

**Record keeping** 

The Code of Ethics System is the repository for Code of Ethics activity records.

The Incident Management System is the repository for Code of Ethics violation records. This may prompt the creation and retention of records by the Conduct Assurance Group if a material violation is identified which prompts a conduct rule breach assessment.

All Code of Ethics activity and violation records are maintained in accordance with the Records Management Policy in the Group Compliance Manual.

------

Code of ethics policy 2024

**Appendix - Global regulatory requirements** 

---

| | | |
|:---|:---|:---|
| **Regulator** | **Country** | **Applicable regulation(s)** |
| Financial Conduct Authority | UK | Requirement to have a code of ethics: COBS 11.7 & 11.7A PA dealing requirements: COBS 11.7 & 11.7A Inducement requirements: COBS 2.3 & 2.3A Conflicts requirements: SYSC 10 |
| Securities and Exchange Commission | US | Requirement to have a code of ethics: Rule 204A-1 under the Advisers Act PA dealing requirements: Rule 204A-1(b) under the Advisers Act Inducement requirements: Rule 206(4)-5 and Pay-to-Play requirements Conflicts requirements: Section 206 of the Advisers Act; Rule 17j-1 under the Investment Company Act. |
| Financial Industry Regulatory Authority | US | Key requirement is FINRA Conduct Rule 3280 on private securities transactions. |
| Central Bank of Ireland\* | Ireland | Requirement to have a code of ethics: article 16(2) MiFID |
| \*European Union regulatory framework (also applies to BGE branches and registered |  | PA dealing requirements: article 13 of the UCITS implementing Directive & article 16(2) of MiFID |
| offices in other European jurisdictions) |  | Inducement requirements: article 24(9) of MiFID, articles 22(3), 29(2) and 29(3) of the IDD |
|  |  | Conflicts requirements: recitals 45-47 to the MiFID Org Regulation & 23(2) and (3) of MiFID and article 28(2) and (3) of the IDD |
| Australian Securities & Investments Commission | Australia | General requirement to not to engage in unconscionable conduct: s.991A CA and s.12CA – 12CC ASIC Act |
| Ontario Securities Commission | Canada | All requirements covered by rule NI 31-103 part 11.1 |
| Asset Management Association of China | China | Voluntary codes: the Asset Management Association of China is a self- regulatory organisation of the asset management industry which promotes safeguarding investor rights, upholding market integrity, and fostering fair practices. |
| Securities and Futures Commission | Hong Kong | Requirement to have a code of ethics: para 4.3 of the Code of Conduct for persons Licensed by or Registered with the Securities and Futures Commission; section V.4 (Compliance) of the Management, Supervision and Internal Control Guidelines for Persons Licensed by or Registered with the SFC |
|  |  | PA dealing requirements: para 12.2 of the Code of Conduct for persons Licensed by or Registered with the Securities and Futures Commission; section<br> III.2 (Personnel and training) and para A4 of the Appendix of the Management, Supervision and Internal Control Guidelines for Persons Licensed by or Registered with the SFC; |
|  |  | Inducement requirements: para A5 of the Appendix of the Management, Supervision and Internal Control Guidelines for Persons Licensed by or Registered with the SFC; Prevention of Bribery Ordinance (Cap.201) |
|  |  | Conflicts requirements: GP6 and section 10 of the Code of Conduct for persons Licensed by or Registered with the Securities and Futures Commission; section VII.4 (Operational Controls) of the Management, Supervision and Internal Control Guidelines for Persons Licensed by or Registered with the SFC |

---

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Code of ethics policy 2024

---

| | | |
|:---|:---|:---|
| Financial Sector Conduct Authority | South Africa | General Code of Conduct for Authorised Financial Services Providers and Representatives |
| Financial Services Commission | South Korea | Inducement requirements: The Improper Solicitation and Graft Act (i.e. Anti-Graft Law) |
| Monetary Authority of Singapore | Singapore | Requirement to have a code of ethics: section 2.2 of Guidelines on Risk Management Practices — Internal Controls; The IMAS Code of Ethics and Standards of Professional Conduct (industry guidance only) |
|  |  | PA dealing requirements: section 4 of the Securities and Futures (Licensing and Conduct of Business) Regulations; section 2 of the Securities and Futures Act 2001 (i.e. the definition of "specified products", "securities", "securities based derivatives contract"); para 2.2.2 of Guidelines on Risk Management Practices – Internal Controls |
|  |  | Inducement requirements: Prevention of Corruption Act; para 2.2.2 of Guidelines on Risk Management Practices - Internal Controls |
|  |  | Conflicts requirements: para 2.2.4 of Guidelines on Risk Management Practices – Internal Controls; para 4.1.3 of Guidelines on Licensing and Conduct of Business for Fund Management Companies |

---

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Code of ethics policy 2024

---

| | | | |
|:---|:---|:---|:---|
| **Employment scope**<br>| |  |  |
| **Employee type** | <br>**Definition** | **In scope** | **In scope** |
| Employee | Employee |  | • |
| Partner | Partner |  | • |
| Fixed term | Employee |  | • |
| Temporary and agency staff | Contingent worker |  | • |
| Interns and summer students | Employee |  | • |
| Secondees | Employee |  | • |
| Individuals providing services via personal service companies | Contingent worker |  | • |
| Contractors (with or without systems access) | Contingent worker |  | • |
| Independent non-executive directors of BG entities | Contingent worker |  |  |
| Non-executive directors of MUBG | Contingent worker |  |  |
| Staff pension scheme trustees | Contingent worker |  |  |
| **Entity scope**<br>|  |  |  |
| **Entities** | **Acronym** | **In scope** | **In scope** |
| Baillie Gifford & Co | BG&CO |  | • |
| Baillie Gifford & Co Ltd | BG&CoLtd |  | • |
| Baillie Gifford Overseas Ltd | BGO |  | • |
| Mitsubishi UFJ Baillie Gifford Asset Management Limited | MUBG |  | • |
| Baillie Gifford International LLC | BGI |  | • |
| Baillie Gifford Funds Services LLC | BGFS |  | • |
| Baillie Gifford Asia (Hong Kong) Ltd | BGA(HK) |  | • |
| Baillie Gifford Investment Management (Europe) Ltd | BGE |  | • |
| Baillie Gifford Investment Management (Shanghai) Ltd | BGIMS |  | • |
| Baillie Gifford Overseas Investment Fund Management (Shanghai) Ltd | BGQS |  | • |
| Baillie Gifford Asia (Singapore) Private Limited | BGAS |  | • |
| **Regulatory scope**<br>|  |  |  |
| **Regulatory authority** | **Acronym** | **In scope** | **In scope** |
| Asset Management Association of China | AMAC |  | • |
| Australian Securities & Investment Commission | ASIC |  | • |
| Central Bank of Ireland | CBI |  | • |
| Dutch Authority for The Financial Markets | AFM |  | • |
| Federal Financial Supervisory Authority | BaFIN |  | • |
| Financial Conduct Authority | FCA |  | • |
| Financial Industry Regulatory Authority | FINRA |  | • |
| Financial Sector Conduct Authority | FSCA |  | • |
| Financial Services Commission | FSC |  | • |
| Ontario Securities Commission | OSC |  | • |
| Securities & Exchange Commission | SEC |  | • |
| Securities & Futures Commission | SFC |  | • |
| Swiss Financial Market Supervisory Authority | FINMA |  | • |
| Monetary Authority of Singapore | MAS |  | • |

---

------

Code of ethics policy 2024

**Index of updates** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Reason for change** | **Material change** | **Regulatory requirement** |
| May 2018 | 4.5.1. Separate broker notification letter for BGFS representatives no longer required. | Yes | Yes |
|  | 4.5.1. New paragraph added about broker confirmations. |  |  |
|  | 4.8. Minor updates to description of unlisted investments in the summary table. |  |  |
|  | Minor housekeeping changes throughout the policy to change all references to holdings reports to Code of Ethics Declarations. |  |  |
| August 2018 | Minor updates to summary table in section 4.8 to include references to cryptocurrencies and structured deposits. | No | No |
| September 2018 | Removal of references to Baillie Gifford Life Limited. This entity is no longer carrying out insurance business and has applied for the cancellation of all its regulatory permissions. | No | No |
| October 2018 | New Guidance for partners and staff considering external appointments section added to the Conflicts of Interest chapter of the Code of Ethics Policy, plus a link to the guidance note. Not a material change as this is the publication of guidance and not a Code of Ethics Policy change. Summary table in section 4.8 updated to consolidate the two rows relating to exchange traded funds into one row. | No | No |
| November 2018 | Housekeeping update to the PA dealing policy following changes to the workplace pension arrangements. | No | No |
| January 2019 | Additional client requirement added to the list of clients with specific requirements link in section 5.1.15. | No | No |
|  | Change of job title for Lindsay Gold from Head of Compliance to Compliance Director (Page 5). | No | No |
|  | Reference to CFTC added in Section 6.0. | No | Yes |
|  | Changes to ensure BGE is covered by the policy. | No | No |
| March 2019 | Updates to summary table in section 4.8 to reflect the 3 security types added. Certificate of Deposit, Fixed Term Deposit and Fixed Term Bond. | No | No |
| April 2019 | Changed Lindsay Gold's title from Head of Compliance to Compliance Director and changed Monitoring, Ethics Conduct and Assurance team name to Monitoring and Ethics team. | No | No |
| July 2019 | Update political contributions sections to confirm that pre-clearance can be obtained from US based Compliance Counsel and the Code of Ethics team, rather than the Compliance Director. | No | No |
| September 2019 | Updates made to reference the new FCA Conduct Rules introduced under SMCR and make enhancements to the Outside Business Interests section. | Yes | Yes |
| September 2019 | OBI section of the policy updates to include a new table of examples and a new streamlined process which consolidates the pre-existing Code of Ethics policy and the HR OBI and Employment Policy which has since been decommissioned. | Yes | No |
| September 2019 | Whistleblowing Policy removed (now standalone), BGA(HK) semi-annual declaration process referenced and various housekeeping amendments. | No | No |
| December 2020 | Housekeeping changes to change 'unlisted investments' to 'private companies' and clarifying personal associations | No | No |
| January 2021 | Alastair Maclean replaces Lindsay Gold, as Director, Group Compliance and Legal. | No | Yes |

---

------

Code of ethics policy 2024

---

| | | |
|:---|:---|:---|
| May 2021 | Addition of section 3.4.3 Disclosure Procedures for External Board/Committee Appointments. | No |
|  | Minor housekeeping updates to clarify the policy which included: adding ETFs to the section in 4.3; FX and cryptocurrency in 4.4.2.1; Automatic sales for fees in 4.4.2.2; updating various links throughout the policy; updating the Group Compliance and Legal Director title throughout. |  |
| August 2021 | Housekeeping changes: No change to process, tidying up policy wording and making it clearer. | No |
| January 2022 | References to: 1) Compliance Monitoring and Ethics Team updated to Compliance Code of Ethics Team; and 2) Head of Compliance Monitoring and Ethics updated to Head of Group Compliance Staff Regulatory Responsibilities. | No |
| March 2022 | Post-Brexit updates made for UK/EU MiFID references throughout the policy. Name change for the Policies Training & Reporting team to Events & Global Registrations team. | No |
| May 2022 | Following a query from an Investment Trust Board, we have decided to tighten up the language around PA dealing during BG Investment Trust share buy-backs. New section 4.4.5. added. | No |
|  | Various minor housekeeping updates. | No |
| October 2022 | Additional language added to clarify the definition of 'immediate family member' and 'known close associate' regarding the subject of Politically Exposed Appointments in section 3.4.1 Types of Outside Business Interests. | No |
| January 2023 | Incorporate South Korea's Anti-Graft Rule in section 5.5. | Yes |
| April 2023 | Various minor housekeeping updates. Events & Global Registrations team changed to Global Regulatory Registrations and Reporting team. | No |
| April 2023 | Update to 'covered securities' sections 4.3 and 4.8 to cover: stock tokens and terminology around ETPs and ETFs. | No |
| April 2023 | Minor update to section 3.4.4 Personal Associations. Additional sentence added to clarify the existing conflicts disclosure requirement that any relevant personal associations within BG that could give rise to a potential conflict of interest, should be disclosed to Compliance. | No |
| April 2023 | Agreed at the Policy Review Sub Group to remove references to the Compliance Committee from the Interpretation and Waiver section. | No |
| April 2023 | Code of Ethics Policy reviewed from a Consumer Duty perspective and minor wording changes made to the Purpose and Guiding Ethical Principles sections. | Yes |
| April 2023 | Agreed at the Policy Review Sub Group to remove references to specific regulators in order to simplify/make this a Group Policy. | No |
| May 2023 | Reference to Compliance Counsel updated to North American Compliance Team in section 5.1.6. | No |
| August 2023 | Clarified staff in scope of conduct rules in section 2.1. | No |
| September 2023 | Clarification added for Outside Business Interests disclosure | No |
| March 2024 | Annual policy review – slight change to who will discuss business related external positions outside the firm. Rationale is that in practice, it is better to ensure it's not the responsibility of one individual (a chair) in case they are absent. In addition, there can be overlap between an ELG member and the individuals head of department. | No |
| March 2024 | Annual Policy Review – changed references from joint Senior Partners to managing Partners. | No |

---

------

Code of ethics policy 2024

---

| | | |
|:---|:---|:---|
| March 2024 | Annual Policy Review - References to Head of Group Compliance Staff Regulatory Responsibilities updated to Head of Group Ethics, Compliance Training and Technology. | No |
| March 2024 | Various housekeeping changes/additional points of clarity in relation to business lunches/dinners, gifts and entertainment. This follows recommendations from Compliance Monitoring. None of these changes are material. | No |
| May 2024 | Minor non-material changes have been made to the Political Contributions section of the Group Code of Ethics. Existing detailed guidance on rules and requirements for US Political Contributions has been updated and removed from the Group policy into a separate jurisdictional section of the Group Compliance Manual for BGO and BGI. | No |
| July 2024 | Changes have been made to the Outside Business Interests section (3.4.2) of the Group Code of Ethics. New Singapore specific guidance on rules and requirements for BGAS representatives added. | Yes |
| July 2024 | References to: 1) Compliance Code of Ethics team updated to Conduct & Market Oversight team; and 2) Head of Group Ethics, Compliance Training and Technology updated to Senior Manager, Conduct & Market Oversight. | No |
| July 2024 | Changes have been made to the Reporting requirements (4.7.4) section of the Group Code of Ethics. New Singapore specific guidance on rules and requirements for BGAS representatives added. | Yes |
| July 2024 | New Singapore specific guidance on rules and requirements for BGAS representatives added as a new section 5.6. | Yes |
| July 2024 | Changes have been made to the Entity scope and Regulatory scope sections of the Group Code of Ethics to include Baillie Gifford Asia (Singapore) Private Limited (BGAS) and Monetary Authority of Singapore (MAS). | Yes |
| July 2024 | Change has been made to the summary table of security types and pre-clearance and reporting requirements (4.8). 'Corporate Bonds' changed to 'Corporate Debt Instruments'. | No |
| December 2024 | Annual Policy Review – Policy restructured to remove procedural parts and focus on key policy requirements linked to PA dealing, inducements and conflicts of interest. New supporting documents are being published to ensure procedural content is still available to members of staff. | No |

---

![LOGO](g850985g0528113217282.jpg)

---

| | |
|:---|:---|
| **Calton Square, 1 Greenside Row, Edinburgh EH1**<br> **3AN Telephone +44 (0)131 275 2000 /**<br> **bailliegifford.com** | CS2195088 Code of Ethics 1224<br> Copyright <sup>©</sup> Baillie Gifford & Co 2024. All rights reserved. |

---

## Ex-99.(P)(18)(I)

**INVESTMENT ADVISER CODE OF ETHICS** 

INTRODUCTION

Rule 204A-1 under the Advisers Act requires each federally registered investment adviser to adopt a written code of ethics (the "Code") designed to prevent fraud by reinforcing the principles that govern the conduct of investment advisory firms and their personnel. In addition, the Code must set forth specific requirements relating to personal securities trading activity including reporting transactions and holdings.

Generally, the Code applies to directors, officers and employees acting in an investment advisory capacity who are known as Supervised Persons and, in some cases, also as Access Persons of the adviser. Supervised Persons covered by more than one code of ethics meeting the requirements of Rule 204A-1 will be subject to the code of the primary entity with which the Supervised Person is associated. Employees identified as Supervised and Access Persons must comply with the Code. Compliance is responsible for notifying each individual who is subject to the Code. Supervised Persons must be provided and must acknowledge receipt of this Code and any amendments to the Code. They must also comply with the federal securities laws.

GENERAL ETHICAL STANDARDS

Prudential holds its employees to the highest ethical standards. Maintaining high standards requires a total commitment to sound ethical principles and Prudential's values. It also requires nurturing a business culture that supports decisions and actions based on what is right, not simply what is expedient.

It is the responsibility of management to make the Company's ethical standards clear. At every level, employees must set the right example in their daily conduct. Prudential expects employees to be honest and forthright and to use good judgment. We expect them to deal fairly with customers, suppliers, competitors, and one another. We expect them to avoid taking unfair advantage of others through manipulation, concealment, abuse of confidential information or misrepresentation. Moreover, employees must understand the expectations of the Company and apply these guidelines to analogous situations or seek guidance if they have questions about conduct in given circumstances.

It is each employee's responsibility to ensure that we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nurture a company culture that is highly moral and make decisions based on what is right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Build lasting customer relationships by offering only those products and services that are appropriate to
customers' needs and provide fair value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintain an environment where employees conduct themselves with courage, integrity, honesty and fair dealing at
all times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ensure no individual's personal success or business group's bottom line is more important than
preserving the name and goodwill of Prudential.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Regularly monitor and work to improve our ethical work environment.

Because Ethics is not a science, there may be gray areas. We encourage individuals to ask for help in making the right decisions. Business Management, Business Ethics Officers, and our Human Resources, Law and Compliance and Enterprise Ethics professionals are all available for guidance at any time.

Prudential Financial, Inc

revised 01/31/2025

------

INVESTMENT ADVISER FIDUCIARY STANDARDS

Investment advisers are fiduciaries for clients. Fiduciary status may exist under contract; common law; state law; or federal laws, such as the Investment Advisers Act of 1940, the Investment Company Act of 1940 and ERISA.

Whenever a Prudential adviser acts in a fiduciary capacity, it will endeavor to consistently put the client's interest ahead of the firm's interests. It will disclose actual and potential meaningful conflicts of interest. It will manage actual conflicts in accordance with applicable legal standards. If applicable legal standards do not permit management of a conflict, the adviser will avoid the conflict. Adviser personnel will not engage in fraudulent, deceptive or manipulative conduct. Advisers will act with appropriate care, skill and diligence.

Advisory personnel are required to know when an adviser is acting as a fiduciary with respect to the work they are doing. In such cases, advisory personnel are expected to comply with all fiduciary standards applicable to the firm in performing their duties. In addition, they must also put the client's interest ahead of their own personal interest. An employee's fiduciary duty is a personal obligation. While advisory personnel may rely upon subordinates to perform many tasks that are part of their responsibilities, they are personally responsible for fiduciary obligations even if carried out through subordinates. Employees should be aware that failure to adhere to the standards under this Code might lead to disciplinary action up to and including termination of employment.

OTHER IMPORTANT POLICIES

This Code complements other important Prudential Policies that address ethics and conflicts, such as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prudential's Code of Conduct – Making the Right Choices—applies to all Prudential employees,
including those affiliated with an investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Code of Ethics – Personal Investing Standards. All investment advisory personnel are subject to the Code of
Ethics – Personal Investing Standards and must comply with all requirements therein unless otherwise notified by Compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global Insider Trading Policy. All employees of Prudential are subject to the Global Insider Trading Policy and
must comply with applicable requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Insider Trading and Information Barrier Standards. All Supervised and Access Persons receive training on their
obligations and must comply with any information barrier restrictions applicable to their business unit or job function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Compliance Policies and Procedures** – all investment advisory personnel must comply with their
applicable business unit policies and procedures.

REPORTING VIOLATIONS OF THE CODE

Failure to comply with any of the requirements (or report potential violations) of this Code and the other important policies listed above may result in violations of securities laws and regulations. Prudential takes such violations very seriously. Any potential violation of the provisions of this Code will be investigated by Law & Compliance. If a determination is made that a violation has occurred, we may impose appropriate sanctions, up to and including termination of employment or referral to regulatory, civil, or criminal authorities.

Prudential Financial, Inc

revised 01/31/2025

------

To report suspected violations, you should contact Compliance. If you feel uncomfortable reporting directly to Compliance, you may also report suspected violations to our Ethics Help Line (1-800-752-70241) or Website https://prudential.ethicspoint.com. Prudential will not tolerate any discrimination, harassment, or retaliation against anyone who makes a good faith report or assists in an investigation.

You may voluntarily communicate with or provide information to government agencies regarding potential violations of the law without providing notice to, or obtaining approval, from Prudential. Nothing in these Standards is intended to, or should be interpreted, to preclude anyone from exercising these rights.

Prudential Financial, Inc

revised 01/31/2025

## Ex-99.(P)(18)(Ii)

---

| | |
|:---|:---|
| ![LOGO](g850985dsp41.jpg) | <br> ![LOGO](g850985g0528102446069.jpg) <br>**Code of Ethics**<br>**Personal Investing Standards**<br>**December 17, 2024**<br>Applies to:<br>All employees (full-time and part-time),<br> globally, that work for, support, or are a<br> registered representative of any of<br>Prudential's asset management, investment<br> adviser, and broker dealer businesses (CIO,<br> PAD, PGIM, PIMS, and PruCo)<br>All contractors, interns, temporary employees,<br> and others who have been notified by<br>compliance are subject to this policy.<br>Questions?<br>CONTACT: <u>PST.Help@prudential.com</u><br>This policy complements other important<br> Prudential policies that address ethics and<br> conflicts, such as Prudential's Code of Conduct<br> – Making the Right Choices, Conflicts of<br> Interest Policy, Global Anti-Bribery and Anti-<br> Corruption Policy, Information Barrier<br> Standards, and Global Insider Trading Policy. |

| | |
|:---|:---|
|  **Overview** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Key Points | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Who is covered under these standards? | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Roles and Responsibilities | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee Classifications | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Escalation Requirements | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Key Definitions | 5 |
|  **Policy Requirements** | **6** |
|  **Personal Trading** | **6** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Key Principles | 6 |
|  **Trading Restrictions** | **6** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Material Nonpublic Information (MNPI) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investing in Prudential Funds | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private Placements & Private Securities Transactions | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Public Offerings (IPOs) | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading in Prudential Securities | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gifts of Prudential Securities | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board Memberships and Joint Ventures | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short Sales | 7 |
|  **Associated, Access, & Investment Persons Account Reporting** | **8** |
|  **What Must be Reported?** | **8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Investment Securities Account Disclosures | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Holdings Disclosures | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Brokers for US Reportable Accounts | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-US Reportable Accounts | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cryptocurrency | 9 |
|  **Ongoing Disclosure, Reporting, & Attestation Responsibilities** | **9** |
|  **Preclearance Process for Personal Trading** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What Trades Must Be Precleared? | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What Trades are Not Required to be Precleared? | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options & Futures | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How does the Preclearance Process Work? | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Two-Day Approval Window | 12 |

---

------

---

| | |
|:---|:---|
|  **Trading Restrictions** | **12** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excessive Trading | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted Securities | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackout Periods | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Swing Profits & Minimum Holding Periods | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exceptions (Blackout Periods, Short Swing Profits and Minimum Holding Period,) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional Restrictions for NFA Associated Persons | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional Restrictions for PGIM Fixed Income Employees | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional Restrictions for PGIM Real Estate – Prudential Retirement Real Estate Fund ("PRREF") | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Clubs | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spread Betting | 15 |
|  **Additional Requirements for Designated Persons** | **15** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Limited During Open Window | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preclearance Required for Senior Vice Presidents and Above | 15 |
|  **Exceptions** | **15** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excluded Transactions | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discretionary Managed Accounts | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemptions While on Leave | 16 |
|  **Non-Compliance** | **16** |
|  **Recordkeeping** | **17** |
|  **Exhibit A – Key Definitions** | **18** |
|  **Exhibit B – Summary of Code Requirements by Employee Classification** | **21** |
|  **Exhibit C – Beneficial Interest** | **23** |
|  **Exhibit D – Jurisdictional Guidance** | **24** |
|  **References** | **24** |

---

------

Overview

**Key Points** 

We are entrusted with our clients' investment assets and as such, Prudential Financial, Inc. and its subsidiaries (collectively "Prudential," "PFI" or the "Company") aspire to the highest standard of business ethics. Per our Code of Conduct, "Making the Right Choices," we have an obligation to place our clients' interests before our own and manage conflicts of interest fairly. In addition to Making the Right Choices, our Code of Ethics—Personal Investing Standards (the "Code") provides a framework to make sure we meet that obligation with our personal investments.

While the Code sets out several requirements, prohibitions, and conditions, it does not cover every possible scenario and cannot be a replacement for your good judgment. If the Code is unclear, consult with Compliance and evaluate your proposed course of conduct against our principles and core values:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We do the right thing by placing the interests of our clients first.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We avoid, mitigate and/or disclose relevant conflicts of interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We are committed to doing business in the right way, and comply with applicable laws, rules, and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We make and keep promises, which includes holding each other accountable by reporting any violations.

The Code is designed to comply with laws, rules, and regulations of the various jurisdictions where Prudential operates. You should consult with your Local Business Compliance Officer to confirm if there are any additional personal investing policies and procedures that are specific to your business.

**Who is covered under these standards?** 

Except as otherwise noted, the Code applies globally to all directors, officers, and employees (including contractors, interns, temporary employees, and others who have been notified by compliance they are subject to this policy) of/or supporting Prudential asset management, investment adviser and/or broker-dealer businesses, including the Prudential Chief Investment Office ("CIO"), Prudential Annuities Distributors ("PAD"), PGIM, Prudential Investment Management Services ("PIMS"), and Prudential Financial Planning Services ("PruCo"), throughout the enterprise regardless of geographic location ("Employees").

For the purposes of these standards, "PGIM" refers to all PGIM affiliated registered investment advisers, business units and their associated functional areas including AST Investment Services, PGIM Custom Harvest, PGIM DC Solutions, PGIM Global Services, PGIM Fixed Income, PGIM Institutional Advisory Services, PGIM Institutional Relationship Group, PGIM Investments, PGIM Multi-Asset Solutions, PGIM Quantitative Solutions, and PGIM Private Alternatives.

**Roles and Responsibilities** 

---

| | | |
|:---|:---|:---|
| **Employees** | **Compliance** | **Ethics Committee** |
| • Upon hire, annually and any time material changes are made you will attest and agree to comply with the requirements of the Code. | • Administers and monitors adherence to the Code, including providing training, reviewing employees' disclosures and transactions, and identifying potential violations.<br>• Maintains and oversees the maintenance of certain records in accordance with applicable legal and regulatory requirements. | • Reviews the Code on a periodic basis in line with business changes and changes to regulation.<br>• Provides oversight of the Code, including by reviewing exceptions and addressing incidents and violations. Sanctions may include verbal reminders, educational letters, disciplinary letters, monetary penalties, suspension without pay, personal trading ban, reduction in PTO days, or other disciplinary action up to and including termination of employment. |

---

Prudential Financial, Inc.– revised 03/31/2025

------

**Employee Classifications** 

Employee monitoring classifications are listed below. For ease of reference, the term Employee will be used throughout this document and multiple classifications may apply depending on your role.

Please see Exhibit A – Key Definitions for a full list of classifications.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Supervised** <br> **Persons** | **Associated** <br> **Persons** | **Access Persons** | **Investment** <br> **Persons** | **Designated Persons** |
| Employees of a Prudential registered investment adviser, and other individuals who provide investment advice on behalf of the adviser and are subject to the adviser's supervision and control. | Employees who are associated with any Prudential broker- dealer. | Employees who are associated with any Prudential broker-dealer and/or Employees who work for, or support, investment advisory activities and may have access to nonpublic:<br>• advisory client trading information,<br>• advisory client investment recommendations, or<br>• portfolio holdings. | Employees who make or participate in making recommendations regarding the purchase or sale of securities for client accounts (e.g., portfolio managers and research analysts). | Employees who, during the normal course of their employment, have routine access to Material Nonpublic Information about Prudential.<br>Material Nonpublic Information may consist of financial or non-financial information about Prudential as a whole or one or more Divisions or Segments.<br>Please refer to Prudential's Global Insider Trading Policy for specific requirements. |

---

**Escalation Requirements** 

Failure to comply with any of the requirements of the Code or report potential violations may result in violations of securities regulations. Prudential takes violations very seriously. Any potential violation of the provisions of the Code will be investigated by Compliance and may be reported to the Ethics Committee.

If a determination is made that a violation has occurred, we may impose appropriate sanctions, including but not limited to one or more of the following: a written warning, profit surrender, personal trading ban, and termination of employment or referral to regulatory, civil, or criminal authorities.

To report suspected violations of the Code, you should contact Compliance. If you feel uncomfortable reporting directly to Compliance, you may also report suspected violations to our Ethics Help Line (1-800-752-7024) or website <u>https://prudential.ethicspoint.com</u>.

We will not tolerate any discrimination, harassment, or retaliation against anyone who makes a good faith report or assists in an investigation.

You may voluntarily communicate with or provide information to government agencies regarding potential violations of the law without providing notice to, or obtaining approval, from Prudential. Nothing in this Code is intended to, or should be interpreted, to preclude anyone from exercising these rights.

**Key Definitions** 

See Exhibit A.

------

Policy Requirements

Personal Trading

**Key Principles** 

Your personal trading and investments may present an actual, potential, or apparent conflict of interest or other risk that could harm Prudential, our shareholders, or our clients. To help us identify and manage these conflicts and risks, depending on your employee classification (described above) you may be required to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• disclose Investment Securities Accounts and investment holdings where you have a Beneficial Interest (including
those where you have influence or control),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• receive pre-approval for certain personal trading activities, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• conduct approved securities transactions in accordance with the requirements of the Code.

Before engaging in any investment-related activity or transaction, you must carefully consider the nature of your responsibilities and the type of information that you might be deemed to possess regarding a particular securities transaction.

In addition:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not trade based on Material Nonpublic Information (MNPI) or Inside Information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not profit, or cause others to profit, based on your knowledge of completed or contemplated client
transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not improperly benefit by causing a client to act, or fail to act, in making investment decisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not trade in any manner that conflicts with the interests of our clients, the parameters set by the Code,
or the restrictions imposed by our Restricted Lists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not use a derivative (futures, options, and other types) or any other instrument or means to circumvent
the Code if a direct investment in the underlying security is prohibited.

Trading Restrictions

**Material Nonpublic Information (MNPI)** 

You may not buy or sell any security while in possession of MNPI. You may not recommend, advise, or encourage any other person to engage in such activity.

You may not use your knowledge of transactions in funds or other accounts advised by any Prudential entity to profit from the market effect of these transactions.

------

**Investing in Prudential Funds** 

Prudential serves as the adviser to a variety of investment products including open-end mutual funds, exchange traded products and investment trusts. While you must disclose accounts that hold Prudential- affiliated open-end funds, you do not need to preclear transactions in such funds.

Be aware these funds may have restrictions on frequent trading and other restrictions as described in its fund prospectus.

**Private Placements & Private Securities Transactions** 

You must obtain approval before investing in a private placement securities offering. Compliance approval may be granted after a review of the facts and circumstances, including whether:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an investment in the securities is likely to result in future conflicts with client accounts (e.g., upon a future
public offering), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are being offered the opportunity due to your employment at or association with Prudential Contact Compliance
for assistance with these requests.

**Initial Public Offerings (IPOs)** 

You may not participate in IPOs. Compliance will consider exceptions under limited circumstances.

**Trading in Prudential Securities** 

Prudential Financial, Inc. (PFI) is a publicly traded company. You may not trade or cause someone else to trade in Prudential securities while in the possession of Material Nonpublic Information (MNPI) or Inside Information.

You may not engage in transactions in PFI securities if they are speculative or short-term in nature. Speculative trading includes short sales, transactions in "put" or "call" options or similar derivative transactions. For more information, see the Global Insider Trading Policy.

**Gifts of Prudential Securities** 

Employees with Section 16-related filing obligations regarding securities of PFI or PGIM Closed-End Funds must preclear all gifts of such securities.

**Board Memberships and Joint Ventures** 

You should be mindful that purchasing and/or selling shares of publicly traded companies when either you or your Immediate Family Member serves on that company's Board of Directors may require additional reporting and/or prior approval by that company. Please contact the Compliance Department of that company for guidance.

Employees serving on the Board of Directors for Prudential-affiliated joint ventures may be subject to trading restrictions on shares issued by the joint venture's partner(s). Please contact the Local Business Unit Compliance for guidance.

**Short Sales** 

You may not short PFI related securities under any circumstances.

------

Additionally, Investment Persons may not short sell any security which is owned by any portfolio managed by the business unit that they support except for short sales "against the box." A short sale "against the box" refers to a short sale when the seller owns an equivalent amount of the same securities.

Associated, Access, & Investment Persons Account Reporting

What Must be Reported?

**Initial Investment Securities Account Disclosures** 

---

| | |
|:---|:---|
|  | **Beneficial Interest** |
| If you are classified as either an Associated, Access, or Investment Person, within 10 calendar days of your start date, you must report all Investment Securities Accounts in which you have a Beneficial Interest (see definition above). Additionally, you must disclose any account that holds or can hold Prudential products (e.g., mutual funds, hedge funds or sub-advised products). | The concept of beneficial interest is broader than that of outright ownership. If you control, inf1uence or can benefit from the gains or income from an account or investment, that is beneficial interest. This means that this policy applies not only to you but could apply to others where you have beneficial interest (such as spouses and minor children). See Exhibit C for more information. |

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**Initial Holdings Disclosures** 

If you are classified as an Access or Investment person, within 10 calendar days of your start date, you must disclose all holdings in Covered Securities in which you have a Beneficial Interest.

Additionally, you must disclose any holdings in Prudential-managed products, including mutual funds, commingled pools, hedge funds or sub-advised products.

Holdings information must be current as of 45 days prior to your start date. See pages 10-11 below and Exhibit B for a detailed list of Covered and Non-Covered Securities.

**Authorized Brokers for US Reportable Accounts** 

US-based reportable Investment Securities Accounts must be held at one or more of the firms on the Authorized Brokers List.

New employees must transfer all reportable accounts to an Authorized Broker within 45 days from the start of their employment.

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| | |
|:---|:---|
|  | **Authorized Brokers List** |
| This requirement does not apply to managed accounts that are exempt from certain provisions of the Code, employee stock purchase and stock option plans and other accounts (including health savings accounts, 529 plans, pension, retirement, and compensation accounts).<br>If you are granted an exception to hold your Investment Securities Accounts with a firm not on the Authorized Brokers List, you must manually enter all Covered Securities transactions into the STAR system as soon as possible, but no later than 10 days after the quarter ends. Additionally, you must periodically certify the accuracy of manually entered transactions. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charles Schwab<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE/Morgan Stanley<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Edward Jones<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• JP Morgan/Chase<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• LPL<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Merrill Lynch<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raymond James<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Rockefeller Capital Management<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• UBS<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Vanguard<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wells Fargo |

---

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**Non-US Reportable Accounts** 

For non-US reportable Investment Securities Accounts, you must promptly disclose any newly opened accounts in which you have a Beneficial Interest.

You must ensure that Compliance receives duplicate statements and trade confirmations/contract notes in one of the three ways listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Electronic feeds – You are encouraged to deal through brokers that provide Compliance with trade
confirmations and holdings via electronic feed to the STAR system. This provides Compliance with the most timely and accurate personal trading information. All brokers on the Authorized List provide us with an electronic feed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Broker Delivery of Duplicate Confirmations and Statements – In applicable jurisdictions, you should allow
your brokers to provide delivery of duplicate confirmations and statements directly to your local compliance team.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. You Upload Trade Information – If neither of the above options is possible, you are required to enter your
trade details into STAR and upload the trade information (e.g., confirmation/contract notes, etc.) within 10 business days of executing a precleared trade. Additionally, you will be required to attest to your trades quarterly and upload statements
quarterly.

Due to applicable laws, if you are located outside of the United States, you may not be required to disclose or report information regarding accounts for a spouse, dependent family member and/or minor child.

Please see Appendix D for jurisdiction-specific guidance, if your jurisdiction is not listed, contact your local Compliance for clarification.

**Cryptocurrency** 

You are not required to disclose accounts for cryptocurrency (or other digital assets) if they do not have brokerage capabilities and are not linked to an account with brokerage capabilities (whether or not such capabilities are utilized).

If you need help confirming whether your cryptocurrency account has a brokerage component, contact local Compliance for assistance.

Ongoing Disclosure, Reporting, & Attestation Responsibilities

The table below summarizes ongoing disclosure, reporting and attestation responsibilities for those accounts in which you have a Beneficial Interest, depending on your Employee Classification.

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| | | |
|:---|:---|:---|
| **Ongoing Responsibilities** | **Associated Persons** | **Access & Investment Persons** |
| Within 30 days – Disclose any newly opened accounts | Required | Required |
| Within 30 days – Disclose the holdings contained in newly opened accounts | Not Required | Required |
| Annually attest that you have disclosed all accounts | Required | Required |
| Annually attest that you have disclosed all required holdings | Not Required | Required |
| Quarterly Exception Account Attestation (for Investment Securities Accounts without direct electronic feed) | Required | Required |

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In addition to the above, you may be required to complete other periodic attestations to meet jurisdictional and regulatory requirements.

Additional Requirements for Access and Investment Persons

Preclearance Process for Personal Trading

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| | |
|:---|:---|
|  | **MOBILE INVESTING APPS** |
| The requirements in the Code are designed to mitigate or eliminate any potential or apparent conflict that may occur between your personal account dealing and client security dealing. The following requirements apply to your personal dealing in Covered Securities in Investment Securities Accounts for which you have a Beneficial Interest (See Exhibit C – Beneficial Interest). | Many firms offer apps for mobile devices<br> that allow you to quickly invest in<br> reportable securities.<br>Be aware that these apps are Investment<br> Securities Accounts that are covered by<br> this Code. and all its rules (such as<br> preclearance) apply to those accounts as<br> they would with any other interface. |

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**What Trades Must Be Precleared?** 

If you are classified as an Access or Investment Person, you must receive approval before buying, selling, gifting and transferring ownership of stocks, bonds, options, other publicly traded securities, and private placements (Covered Securities) in any reportable Investment Securities Account, unless included in the list below (Non-Covered Securities).

**What Trades are Not Required to be Precleared?** 

You <u>are not</u> required to preclear the following (unless the business that you work for, or support centrally or directly, is specifically listed below):

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| | | |
|:---|:---|:---|
| **Non-Covered Securities** | **Must Preclear** | **Prohibited from**<br> **trading** |
| **Select Broad Based Equity ETFs and related Options** Select equity index funds that are not specific to a sector and track an index with a minimum of 100 constituents that compliance has determined to be sufficient. See the document library in STAR for the current Approved List | SIRG Custom Harvest |  |
| **Broad Based ETFs and related Options** ETFs that are not specific to a sector and track an index with a minimum of 100 constituents that compliance has determined to be sufficient. See the document library in STAR for the current Approved<br> List. | Fixed Income, SIRG, Custom Harvest |  |
| Other ETFs | Fixed Income, PQS, PGIM Investments, PGIM Custom Harvest, PGIM DC<br> Solutions and GRES |  |
| **Futures options and futures on additional Broad Based Indices**. (for example**,** FTSE 100, FTSE 250, MSCI EAFE, MSCI EM, NASDAQ 100, Nikkei 225, NSE S&P CNX, Russell 1000, Russell 2000, Russell 3000, S&P 100, S&P<br> 500, S&P Europe 350, and S&P MidCap 400) | Fixed Income | NFA Associated Persons are prohibited from trading in futures |
| **Options, futures, and other ETFs based on one or more instruments that are not covered securities** (e.g., commodities, currencies, and U.S. Treasuries | Fixed Income | NFA Associated Persons are prohibited from trading in futures |
| All debt issuances including bills, notes, bonds, and<br> **direct obligations of the U.S. Government** including U.S. Treasury bills, notes, and bonds | Fixed Income (except for U.S. Savings Bonds) |  |
| Currencies | Fixed Income |  |
| Sovereign debt derivatives |  | Fixed Income |

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| | | |
|:---|:---|:---|
| **Non-Covered Securities** | **Must Preclear** | **Prohibited from**<br> **trading** |
| **Bankers' acceptances and Bank Certificates of Deposit** |  |  |
| **Commercial paper** |  |  |
| **High quality short-term debt instruments** (rated in one of<br> the two highest categories by an NRSRO & maturity of less than 366 days), including repurchase agreements. |  |  |
| **Cryptocurrencies that are not securities** |  |  |
| **Money market funds and Open-end mutual funds** |  |  |
| **Unaffiliated annuities and life insurance contracts 529 plans** |  |  |
| **Unit Investment Trusts** |  |  |
| **Prudential related securities** | Designated Persons at SVP level (or equivalent) and above. |  |

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Where specific business units are identified above, the additional requirements (preclear or prohibited investments) extend to any employees who provide direct or central support to those business units.

While the above securities, commodities, currencies, and instruments are exempt from the specific preclearance requirements and investment restrictions set out in the Code, you should consider any potential conflicts of interest before trading.

**Options & Futures** 

The purchase, sale and exercise of options and futures are generally subject to the same restrictions as applicable to the underlying security.

If a transaction in the underlying security does not require preclearance (e.g., certain ETFs, national government obligations, unit investment trusts), then an options or futures transaction on the underlying instrument does not require preclearance.

Preclearance is not required when you write (sell) an option, and the option is exercised without any action on your part.

You should be cautious when transacting in options since a client transaction in the underlying security or a restriction associated with the underlying security may prevent an option transaction from being closed or exercised.

**How does the Preclearance Process Work?** 

You must preclear any trades in Covered Securities in an Investment Securities Account for which you have a Beneficial Interest.

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| | |
|:---|:---|
| **U.S Based Employees**  | **Non-U.S. based Employees** |
| Employees preclear using STAR unless the transaction meets one of the provisions noted above. | Employees preclear using STAR when available.<br>Please note local law or administrative issues may limit the availability of STAR. In these cases, employee personal trading activity is approved, monitored, and tracked locally.<br>Please consult your Local Business Unit Compliance Officer for details. |

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Most requests are approved or denied immediately, but some may take longer to evaluate. Please note, a reason for denial may not be provided if it could result in the release of Confidential Information.

**Two-Day Approval Window** 

Approvals and denials are communicated via email. If your requested transaction is approved and you choose to transact, you have until the end of the next calendar day to execute your transaction. If one of your approved days is on a weekend or market holiday, your approval does not carry over to the next business day. A new preclearance request will be required after the two calendar days have passed.

If the transaction is not placed and executed within the approved timeframe, you will need to submit a new trade request in STAR. Limit orders are allowed only if they are set to expire within the preclearance approval window.

If you engage in multi-day limit orders, you must obtain preclearance approval for the days that the order is outstanding. Transactions triggered by limit orders, margin calls, or margin account maintenance fees require preclearance approval and may result in violations.

Trading Restrictions

**Excessive Trading** 

You may not engage in an excessive volume of trading in your personal accounts. High volumes of personal trading may raise concerns that your energies and interests are not aligned with client interests or our long-term investment philosophy and could potentially impact your ability to conduct assigned responsibilities. You and your supervisor may be notified when personal trading appears excessive (75 or more transactions per quarter).

**Restricted Securities** 

You are prohibited from purchasing or selling securities of issuers on your respective business unit's Restricted List(s).

The Local Business Unit Compliance Officers are responsible for maintaining these Restricted Lists and/or Watch Lists pursuant to their standard operating procedures. Restricted Lists and Watch Lists are confidential and may not be shared across different investment sectors.

Employees who acquired restricted securities prior to becoming subject to the Code or prior to the security being placed on the unit's Restricted List or Watch List, must obtain written exception from their Local Business Unit Compliance Officer prior to the sale of such security.

**Blackout Periods** 

You will not be granted preclearance to transact in a Covered Security when there is a pending buy or sell order for a client in that same security. Additionally:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Access Persons will not be granted preclearance to trade in a Covered Security on the same day a client trade
occurs in the same security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment Persons will not be granted preclearance to trade in a Covered Security within seven (7) calendar days
after a client trade occurs in the same security.

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In addition, the Law Department may issue a trading restriction that applies to all or a certain subset of Employees on any Prudential-issued security or any security of a third-party issuer. The Law Department will notify impacted Employees directly with instructions regarding the trading restriction.

**Short-Swing Profits & Minimum Holding Periods** 

Investment Persons are prohibited from profiting from a purchase and sale, or sale and purchase, of the same Covered Security within any sixty-calendar day period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transactions resulting in a loss are not subject to this prohibition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Investment Persons in SIRG, this prohibition is limited to the purchase and sale of the same or equivalent
exchange traded funds.

In keeping with the spirit of this restriction, Investment Persons should not engage in options or other derivative strategies that lead to the exercise or assignment of Covered Securities that would result in a prohibited transaction (i.e., writing a short call or buying a long put with an expiration date of less than sixty days). Any violation of this prohibition will result in disgorgement of profit.

Minimum holding periods are applicable for any purchase and subsequent sale, or any sale then subsequent purchase (for short sales), of the same Covered Security.

**Minimum holding periods for Covered Securities are as follows:** 

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| | |
|:---|:---|
| **Profile** | **Holding Period** |
| **Investment Person** | Two months (60 calendar days) |
| **Employees located in Japan** | **PGIM Fixed Income:** Six months (180 calendar days)<br> **PGIM Real Estate:** Three months (90 calendar days) |

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With respect to derivatives, any transaction to close out a derivative position cannot be executed until the end of the holding period. The holding period starts the day after execution of your trade. Calculations are made using the "first-in, first-out" (FIFO) method unless a different method is required in your local jurisdiction. Any exceptions to the above will be made only after compliance review and written approval.

**Exceptions (Blackout Periods, Short Swing Profits and Minimum Holding Period,)** 

Exceptions may be granted to the Minimum Holding Periods, Blackout Periods and Short Swing Profits Rule when the transaction is in a discretionary managed account, non-volitional, or below a certain de minimis threshold.

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| | | |
|:---|:---|:---|
| **De minimis Amounts**<br> **De minimis amounts are based on USD and are calculated to the equivalent local currency when trading in non-US markets; aggregated over 30 days** | **De minimis Amounts**<br> **De minimis amounts are based on USD and are calculated to the equivalent local currency when trading in non-US markets; aggregated over 30 days** | **De minimis Amounts**<br> **De minimis amounts are based on USD and are calculated to the equivalent local currency when trading in non-US markets; aggregated over 30 days** |
| **Blackout Period & Minimum Holding Period** | **Blackout Period & Minimum Holding Period** | **Short Swing Profits Rule** |
| Equities | Fixed Income | All Securities (Equities, ETFs, Debt, etc.) |
| $50,000 or less | $100,000 or less | $5,000 or less |
| **Minimum** Holding are any trades, or series of trades effected over t**he minimum period** | **Minimum** Holding are any trades, or series of trades effected over t**he minimum period** | Round-trip transactions over the minimum period (Buy and Sell or Sell and Buy) |

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Transactions in Covered Securities involving no more than the amount listed in the table above will not violate the Code. Compliance has discretion up to the nearest round lot.

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**Additional Options Trading Restrictions for PGIM Employees** 

Trading options on a security held by any portfolio managed by your business unit is at the discretion of the respective Business Unit Compliance Officer.

If you are part of (or support) a PGIM business, you may not write uncovered call options or buy uncovered put options on a security owned by any portfolio managed by that business.

Investment Persons should keep in mind that the short-term trading profit rule might affect their ability to close out an option position at a profit as noted above in Short-Swing Profits.

**Additional Restrictions for NFA Associated Persons** 

Employees who are Associated Persons with the National Futures Association, including those in PGIM, Inc., PGIM Investments and PGIM Quantitative Solutions LLC are prohibited from trading futures in their personal Investment Securities Accounts and are prohibited from maintaining a personal futures trading account.

**Additional Restrictions for PGIM Fixed Income Employees** 

Employees in PGIM Fixed Income, and those that support PGIM Fixed Income, are prohibited from personally investing in sovereign debt derivatives of any kind including swaps, futures, options, or any other sovereign debt derivatives.

**Additional Restrictions for PGIM Real Estate – Prudential Retirement Real Estate Fund** 

**("PRREF")** 

Employees in PGIM Real Estate, and those that support PGIM Real Estate, are prohibited from trading any real estate-related securities (including real estate investment trusts (REITs) and real estate operating companies (REOCs)).

PGIM Real Estate Employees, as well as certain other individuals who have been specifically notified, collectively called "PRREF Covered Individuals," are subject to special restrictions and requirements including:

➣ the PRREF trading window and blackout period procedures, and

➣ only permitted to execute PRREF transactions during the respective open trading window

Controls have been established to prevent prohibited transactions during closed trading windows. If a blocking system fails, you are still responsible for adherence to the Code. PGIM Real Estate compliance staff will send PRREF trading window and blackout period notices to all PRREF Covered Persons

Certain limited transactions are permissible during blackout periods. Please contact your Compliance Officer for additional information regarding blackout period exclusions.

**Investment Clubs** 

All employees are prohibited from participating in Investment Clubs.

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**Spread Betting** 

Spread betting is a speculative transaction that involves taking a bet on the price movement of a security, index, or other financial product via a spread betting company.

Spread betting on financial products is not permitted and you may not use spread betting accounts to circumvent the Code.

Spread betting on non-financial products, such as sporting events, is not covered by the Code.

Additional Requirements for Designated Persons

**Trading Limited During Open Window** 

If you are identified as a Designated Person outlined in Prudential's Global Insider Trading Policy, you may only trade PFI stock during an open Trading Window, or such other periods of time as determined at the discretion of the Law Department. The current Prudential Trading Window Calendar can be located in the Document Library in STAR.

**Preclearance Required for Senior Vice Presidents and Above** 

Employee who are a level 1-4 or 56A (e.g., Senior Vice Presidents and above), must always preclear all PFI stock trades. Compliance & Legal will determine whether there is potential Material Nonpublic Information ("MNPI") risk before you receive approval.

All employees are prohibited from trading PFI securities when in possession of MNPI regardless of pre- approval. Please contact Compliance with any questions.

Automatic investment plans, default activities, stock awards and grants are exempt from preclearance.

Exceptions

**Excluded Transactions** 

The following transactions are excluded from the above trading restrictions:

• Purchases or sales that are not voluntary, including tender offers and broker-initiated transactions.

• Purchases or sales that are part of an automatic investment plan or discretionary managed account which have been
approved by Compliance.

• The acquisition of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• securities because of a corporate action

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• securities because of a gift or inheritance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• securities through an employer retirement plan such as a 401(k) plan or stock purchase plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transfers in-kind of Covered Securities.

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**Discretionary Managed Accounts** 

Discretionary Accounts are managed for you by a registered investment adviser or bank/trust company over which you have no direct or indirect influence or control. These accounts need to be reported, and with approval from Compliance they are exempt from:

• Quarterly transaction and annual holdings certifications

• Access & Investment Person personal investing rules (such as pre-clearance requirements and minimum holding periods).

To receive approval, submit documentation to Compliance demonstrating that all trading in the account is under the sole discretion of your adviser or other designee. Discretionary accounts still require disclosure in STAR (or other approved process, for non-U.S. based employees) and transactions in private placements and limited offerings still require preclearance approval.

Additionally, annually you will attest and acknowledge that you:

• had no direct or indirect influence or control over the trading decisions in your discretionary account(s), and.

• did not suggest trades to the manager or in any way direct the manager to make any particular trades in
securities for the discretionary account(s).

You are required to inform Compliance immediately if you terminate any approved advisory relationship or make management changes.

**Exemptions While on Leave** 

All personal trade monitoring requirements outlined in the Code remain in effect while you are on leave of absence, disability, or vacation.

In certain circumstances, when you have no access to Prudential or its systems while on extended leave, you may request a temporary suspension from certain requirements. Please work with the appropriate Business Unit Compliance Officer (and management) to obtain an exemption.

Your Business Unit Compliance Officer may grant an exemption only when it would not violate laws or regulations. Until you receive confirmation of an exemption, all requirements remain in effect.

Non-Compliance

You are required to promptly report non-compliance of the Code to your business unit Chief Compliance Officer or their designee.

Incidences of non-compliance reported or detected through internal monitoring will be reported to the Ethics Committee. This Committee will review all incidents and determine any sanctions or other disciplinary actions that may be deemed appropriate.

Depending on the facts and circumstances of the incident, sanctions may include verbal reminders, educational letters, disciplinary letters, monetary penalties, suspension without pay, personal trading ban, reduction in PTO days, or other disciplinary action up to and including termination of employment. In accordance with FINRA Rule 3110, certain transactions by Registered Representatives prompting an investigation may require notification to the Self Reporting Organization.

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Recordkeeping

Prudential's registered investment advisers are required under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to keep records of certain transactions in which Access and Investment Persons have a direct or indirect beneficial interest.

Compliance maintains all records relating to compliance with the Code such as preclearance requests, exception reports, memoranda relating to non-compliant transactions, records of violations and any actions taken as a result thereof, acknowledgements, and the names of Access Persons.

These records are maintained in accordance with applicable law and Prudential's Recordkeeping Standards.

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Exhibit A – Key Definitions

**Access Person:** Any Employee who has access to nonpublic information regarding any client's purchase or sale of securities or non-public information regarding the portfolio holdings of any client account or anyone identified by Compliance who should be held to the Code because of the activities conducted by their business unit.

**Affiliated Open-End Mutual Fund:** a proprietary investment company advised by Prudential, or a non- proprietary investment company sub-advised by Prudential, and any investment company whose investment adviser or principal underwriter is controlled by or under common control with Prudential.

**Associated Person:** Any officer, director or branch manager (or any person occupying a similar status or performing similar functions), any person directly or indirectly controlling, controlled by, or under common control with the broker-dealer, any Employee of the broker- dealer or individuals performing covered functions under the Operations Professional rule 1230 (b)(6), except someone whose functions are solely clerical or ministerial. This includes all Employees and support personnel who are registered with a FINRA member broker-dealer firm. For the purposes of the Code Associated Persons may be classified as either Associated, Access or an Investment Person.

**Authorized Broker-Dealer and Authorized Futures Commission Merchants (FCMs\*):** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charles Schwab\* | • JP Morgan/Chase | • Rockefeller Capital Management |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE/Morgan Stanley\* | • LPL | • UBS\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Edward Jones | • Merrill Lynch | • Vanguard |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity | • Raymond James | • Wells Fargo |

---

U.S.-based reportable Investment Securities Accounts must be held at one of the above firms. Employees with non-U.S. reportable Investment Securities Accounts are encouraged to use firms that will provide an electronic feed to STAR.

**Automatic Investment Plan:** Regular periodic purchases (or withdrawals) that are made automatically in (or from) Investment Securities Accounts in accordance with a predetermined schedule and allocation. An automatic investment plan includes dividend reinvestment plans ("DRIPs") and Employee Stock Purchase Plans ("ESPPs").

**Beneficial Interest:** You have Beneficial Interest of any account or securities in which you have a direct or indirect financial interest. This includes accounts or securities held in your own name or the name of your spouse or equivalent domestic partner, your minor children, and relatives living with you and to whom you provide or receive financial support or whose investments for which you have discretion, influence, or control. This could include accounts or securities of individuals with whom you share living expenses, bank accounts, rent or mortgage payments, ownership of a home, or any other material financial support. See Exhibit C for more information.

**CCO:** Business Unit Chief Compliance Officer or their designee.

**Company:** Prudential Financial, Inc. and its subsidiaries, otherwise known as "Prudential."

**Covered Securities:** In general, any securities (and derivatives thereof), including but not limited to individual stocks and bonds, exchange-traded products (ETFs and ETNs), closed-end funds, private placements, and limited offerings. See Exhibit B for a detailed list of Covered and Non- Covered securities.

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**Designated Person:** An Employee who, during the normal course of his or her job, has routine access to material nonpublic information about Prudential. Material Nonpublic Information may consist of financial or non-financial information about Prudential as a whole, or one or more Divisions or Segments. See the Global Insider Trading Policy for more information.

**Discretionary Managed Account:** An account managed on a discretionary basis by a person other than the Employee or an algorithmic tool (robo-adviser), over which the Employee has no direct or indirect influence or control over the selection or disposition of securities and no knowledge of transactions therein. A Discretionary Managed Account must have a formal investment management agreement that provides full discretionary authority to a third-party money manager.

**Dividend Reinvestment Plan ("DRIPs:):** A stock purchase plan offered by a corporation whereby shareholders purchase stock directly from the company (usually through a transfer agent) and allow investors to reinvest their cash dividends by purchasing additional shares or fractional shares.

**Employees or You:** All employees of Prudential, as well as certain others as identified by Compliance.

**Ethics Committee:** Governance committee composed of senior leaders throughout Prudential. The Committee meets quarterly, or more often as needed, to review potential violations of the Code.

**FCA:** Financial Conduct Authority – a U.K. regulator.

**Initial Public Offering:** An offering of securities registered under the Securities Act of 1933, the issuer of which immediately before registration was not subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934.

**Investment Club:** A group of two or more people, each of whom contributes monies to an investment pool and participates in the investment making decision process and shares in the investment returns.

**Investment Persons:** An Access Person who also makes or participates in making, decisions regarding the trading of securities in any client account, has access to such decisions or assists in the trade process. Investment Persons generally can include PMs, research analysts, traders, trade operations, compliance, investments, product development and certain ELT members.

**Investment Securities Accounts:** Any accounts in which you have a Beneficial Interest (defined above) and other accounts you could be expected to influence or control, in whole or in part, directly or indirectly, whether for securities or other financial instruments, and that can hold Covered Securities (defined above), whether or not such capability is utilized.

**Immediate Family Member:** Relatives who you share the same household with, and you provide, or receive, material financial support including child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, etc.

**Material Nonpublic Information ("MNPI"):** Information that is not available to the investing public that an investor, considering all the surrounding facts and circumstances, would find important in deciding whether or when to buy, sell, or hold a security.

**Monitored Persons:** The term Monitored Persons refers collectively to Supervised Persons, Access Persons, Investment Persons, Associated Persons, and Designated Persons. This term is used by Compliance for back-end monitoring purposes.

**NFA Associated Person:** An individual who solicits orders, customers, or customer funds (or who supervises persons so engaged) on behalf of a commodity trading advisor (CTA) or commodity pool operator (CPO).

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**Non-Volitional:** Investment Securities Account activity related to: i) transactions in approved Discretionary Managed Accounts; ii) transactions in pre-approved dividend reinvestment plans; iii) transactions resulting from automatic rebalancing plans; and v) receipt of employee stock or option bonus awards.

**NRSRO:** An SEC-registered Nationally Recognized Statistical Rating Organization (NRSRO). Such entities assess the creditworthiness of an obligor as an entity or with respect to specific securities or money market instruments.

**Private Placement:** An offering that is exempt from registration under the Securities Act of 1933, as amended, under Sections 4(2) or 4(6), or Rules 504, 505 or 506 there under.

**Private Securities Transaction:** Any securities transaction outside the regular course or scope of an associated person's employment with a member, including but not limited to, new offerings of securities which are not registered with the Securities and Exchange Commission, but not including transactions in investment company and variable insurance and annuity securities. You are prohibited from investing in these transactions including Crowdfunding investments that are private placements without prior approval from their Local Compliance Officer, and as applicable, Broker- Dealer Compliance Officer based on a determination that no conflict of interest is involved.

**Prudential or the Company:** Prudential, its affiliates, and its subsidiaries.

**Prudential Affiliated Funds:** Proprietary funds advised by Prudential, or a non-proprietary fund sub- advised by Prudential, and any fund whose investment adviser or principal underwriter is controlled by or under common control with Prudential.

**Prudential Securities Trading Window:** The period of time commencing at the opening of business on the date that is two full trading days after an earnings release and ending at the close of business on the date that is two weeks prior to the end of each quarter, or such other period of time as determined at the discretion of the Law Department).

**Star Compliance (STAR):** The monitoring system utilized for all personal compliance disclosures including Personal Account Dealing.

**Supervised Persons:** Individuals who are officers, directors, and employees of a registered investment adviser, as well as certain other individuals who provide advice on behalf of the adviser and are subject to the adviser's supervision and control.

**SEC:** U.S Securities and Exchange Commission – a U.S. regulator.

**Uncovered Option:** An option strategy where the options contract writer (i.e., the seller) does not hold the underlying asset to cover the contract in case of assignment (as opposed to a covered option). Nor does the seller hold any option of the same class on the same underlying asset that could protect against potential losses (options spread).

**U.S. Government Entity:** Any U.S. state or local government; any agency, authority, or instrumentality of a state or local government; any pool of assets sponsored by a state or local government (such as a defined benefit pension plan, separate account or general fund); and any participant-directed government plan (such as 529, 403(b), or 457 plans).

------

Exhibit B – Summary of Code Requirements by Employee Classification

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** |
|  | **Supervised** | **Associated** | **Access** | **Investment** |
| **Acknowledgement Requirements**<br> Complete new hire and other periodic certifications, attestations, and acknowledgments. | Required | Required | Required | Required |
| **Account Reporting Requirements** | **Account Reporting Requirements** | **Account Reporting Requirements** | **Account Reporting Requirements** | **Account Reporting Requirements** |
| Report all Investment Securities Accounts and future accounts where you have a beneficial interest. | Not Required | Required | Required | Required |
| Report transactions and holdings for all securities and future accounts where you have a beneficial interest. | Not Required | Required *(transaction reporting only*) | Required | Required |
| Maintain Investment Securities Accounts at Authorized Broker- Dealers and Authorized Futures Commission Merchants | Not Required | Required | Required | Required |
| Report Affiliated Open-End Mutual Fund Accounts and Prudential Sponsored Insurance/Annuity Products | Not Required | Required | Required | Required |
| Report Retirement Accounts (e.g., 401K) that can hold individual securities or Prudential Affiliated Funds *(Retirement accounts that do not hold securities, or Prudential affiliated funds do not have to be*<br> *reported*) | Not Required | Required | Required | Required |
| Discretionary Managed Accounts | Not Required | Required | Required | Required |
| **Investment Restrictions** | **Investment Restrictions** | **Investment Restrictions** | **Investment Restrictions** | **Investment Restrictions** |
| Initial Public Offerings (IPOs) | Prohibited | Prohibited | Prohibited | Prohibited |
| Investment Clubs | Permitted | Prohibited | Prohibited | Prohibited |
| Blackout Period | Does not apply | Does not apply | Required One-Day<br> Certain Exclusions by Business Unit | Required Seven-Day<br> Certain Exclusions by Business Unit |
| Minimum Holdings Periods and Short Swing Profit Rule | Does not apply | Does not apply | Does Not Apply | Required<br> Certain Exceptions for SIRG |
| **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** |
| Covered Securities (including ETFs) | Not Required | Not Required | Required *Certain Exceptions See Preclearance*<br> *Section in the Code.*<br> *Pruco Access Persons may have*<br> *additional exclusions* | Required<br> *Certain Exceptions* – *See Preclearance Section in the Code*. |
| Private Placements | Depends – *contact your local* compliance officer | Required | Required | Required |
| Closed End Mutual Funds | Not Required | Not Required | Required | Required |
| Open End Mutual Funds | Not Required | Not Required | Not Required | Not Required |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** | **Summary of Code Requirements by Employee Classification** |
|  | **Supervised** | **Associated** | **Access** | **Investment** |
|  **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** | **Preclearance Requirements** |
| Prudential Employee Savings Plan (PESP) | Not Required | Not Required | Not Required | Not Required |
| Deferred Compensation Plan | Not Required | Not Required | Not Required | Not Required |
| Non-Brokerage Health Savings Account (HSA) | Not Required | Not Required | Not Required | Not Required |
| Discretionary Managed Accounts | Not Required | Not Required | Not Required | Not Required |

---

------

Exhibit C – Beneficial Interest

**Beneficial Interest:** The Code applies to all accounts and securities in which you have a Beneficial Interest (as defined above in Exhibit A – Key Definitions). This means that if you can profit, directly or indirectly, or share in any profit from a transaction, you have a Beneficial Interest. If you are unsure if an account or investment falls under your beneficial interest, contact Compliance for further guidance.

**Employees Located Outside of the U.S.:** If you are located outside of the United States, you may not be required to disclose or report information regarding accounts for which a spouse, dependent family member and/or minor child has a beneficial interest. Please contact your Local Business Unit Compliance Officer for clarification.

---

| | |
|:---|:---|
| **Beneficial Interest** | **Not Beneficial Interest** |
| You have a spouse, domestic partner, or similar cohabitation arrangement: If you contribute to the maintenance of a household and the financial support of a partner or vice versa, your partner's accounts and securities you have beneficial interest and are required to disclose. | You have a roommate and do not share bank and investment accounts or provide material financial support to one another. Roommates are presumed to be temporary and therefore you do not have beneficial interest in one another's accounts and securities and are not required to disclose. |
| Your parents live with you: If you provide financial support to your parents, your parents' accounts, and securities you have beneficial interest and are required to disclose. |  |
| Your child has an investment account (e.g., UGMA/UTMA**)** If you (or your spouse) are the custodian for the minor child, the child's accounts give you beneficial interest and you are required to disclose. | Your child has an investment account (e.g., UGMA/UTMA) If someone other than you (or your spouse) is the custodian for your minor child's account, the account does not give you beneficial interest and you are not required to disclose. |
| You have an adult child living in your home: If you provide financial support to your child**,** your child's accounts and securities give you beneficial interest and you are required to disclose. | You have power of attorney: If you have been granted power of attorney over an account, you do not have beneficial interest <u>until the time</u> that the power of attorney has been activated. Prior to activation, you do not have to disclose; post activation you do. |
| You have a college-age child: If your child is in college and you still claim the child as a dependent for tax purposes, you have beneficial interest of their accounts and securities and are required to disclose. |  |
| You are the executor, trustee and/or the beneficiary of a trust: Due to the complexity and variety of trust agreements, these situations require case-by-case review by Compliance. |  |

---

------

Exhibit D – Jurisdictional Guidance

This table provides a summary of the application of the Code based on employee location. Contact your local Business Unit Compliance Officer if you have any questions.

---

| | |
|:---|:---|
| **Jurisdictionl Area** | **Code** |
| United States | Applies in Full |
| United Kingdom | Applies in Full |
| Netherlands | Applies in Full |
| Mexico | Applies in Full |
| Japan | Applies in Full - in addition, local regulations may require more restrictive requirements – contact your local compliance department if you have any questions. |
| Ireland | Applies in Full |

---

References

The Code complements and should be read in conjunction with other Global Enterprise Policies that address ethics and conflicts, such as Making the Right Choices, Conflicts of Interest Policy, Global Anti- Bribery and Anti-Corruption Policy, and the Global Insider Trading Policy.

The Code is designed to comply with laws, rules, and regulations applicable to Prudential's business across the globe, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 206 of the US Investment Advisers Act of 1940

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 17(j) of the US Investment Company Act of 1940

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SEC Rule 17j-1, Personal Investment Activities of Investment Company
Personnel

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SEC Rule 204-2, Books and Records To Be Maintained by Investment Advisers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SEC Rule 204A-1, Investment Adviser Codes of Ethics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FINRA Rule 3210, Accounts At Other Broker-Dealers and Financial Institutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FINRA Rule 3280, Private Securities Transactions of an Associate Person

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FCA COBS 11.7 and 11.7A, Personal Account Dealing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hong Kong SFC Code of Conduct for Persons Licensed by or Registered with the SFC Section 12.2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• IMAS Code of Ethics & Standards of Professional Conduct 2.12, Personal Conduct and Training

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NYSE Listing Rules 303A.10, Code of Business Conduct and Ethics Requirements

## Ex-99.(P)(18)(Iii)

---

| | | |
|:---|:---|:---|
| ![LOGO](g850985dsp41.jpg) | ![LOGO](g850985g0528113729143.jpg) | ![LOGO](g850985g0528113729143.jpg) |
| ![LOGO](g850985dsp41.jpg) |  | **Insider Trading &**<br> **Information Barrier**<br> **Standards** |
| ![LOGO](g850985dsp41.jpg) | <br> Applies to:<br>All employees (full-time and part-time), globally, that work for, or support, Prudential's general account, institutional asset management, investment adviser, and broker dealer businesses (CIO, PGIM and PIMS).<br>All contractors, interns, temporary employees, and others who have been notified by compliance are subject to this policy.<br>Questions?<br>For any questions, please contact your local compliance officer.<br>These Standards complement other important Prudential policies that address ethics and conflicts, such as Prudential's Code of Conduct – Making the Right Choices, Conflicts of Interest Policy, Global Insider Trading Policy, and Code of Ethics – Personal Securities Investing Standards. |  |

| | |
|:---|:---|
|  **Overview** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Key Points** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Who is covered under these Standards?** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Escalation Requirements** | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Key Definitions** | **5** |
|  **Training and Confirmations/Attestation** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Training** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Annual Confirmations/Attestation** | **7** |
|  **Communications** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Determinations of Materiality; Materiality Guidelines** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Designation of Investment Sectors** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Restricted Communications** | **8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Permitted Cross-Wall Communications** | **8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Confidentiality Agreements** | **9** |
|  **Access Restrictions** | **9** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. External Meetings** | **9** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Internal Meetings** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Records** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Office Space** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Trading Rooms** | **10** |
|  **Special Employee Classifications/Exceptions** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Above the Wall** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Shared Sales Personnel** | **11** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Additional Limited Exceptions** | **11** |
|  **Approvals and Breaches** | **12** |
|  **Compliance Monitoring** | **13** |

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Restricted Lists** | **13** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Private Investment Sectors** | **13** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Monitoring of Investment Sectors that Trade in Public Markets** |  |
|  **Miscellaneous** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. New Investment Sector Senior Officers and Investment Sectors** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Records** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Business Continuation Events** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Exhibit A** | **15** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Exhibit B** | **16** |

---

------

**Overview** 

**Key Points** 

We are entrusted with our clients' investment assets and as such, Prudential Financial, Inc. and its subsidiaries (collectively "Prudential," "PFI" or the "Company") aspire to the highest standard of business ethics. Our Code of Conduct (Making the Right Choices) and Code of Ethics—Personal Securities Investing Standards require that our businesses that routinely have access to material non-public information ("MNPI"), also known as inside information, about Issuers or securities have reasonably designed policies and procedures to preserve the confidentiality of MNPI and limit its communication to other areas of the Company.

Our Insider Trading and Information Barriers Standards ("Standards") allow us to properly protect MNPI and to comply with laws and regulations governing insider trading. These Standards are designed to manage the conflicts of interest arising by one Investment Sector receiving MNPI which would adversely impact the investment activity of other Investment Sectors.

These Standards provide a framework to ensure we meet our obligation regarding MNPI including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• providing ongoing employee training;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• maintaining information barrier controls, physical and technological segregation, between investment sectors to
limit the inadvertent dissemination of MNPI (See Exhibit A for list of Investment Sectors with distinct information barriers);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• sharing MNPI only on a need-to-know basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• maintaining Restricted Lists, and prohibiting client and personal trading in securities (and related financial
instruments) of Identified Issuers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• establishing compliance monitoring procedures.

You may not communicate any Confidential Information or MNPI of any Identified Issuer in your Investment Sector to anyone outside of your Investment Sector, unless you have received prior written approval of a Compliance Officer. Also, you may not elicit Confidential Information or MNPI from anyone including employees of another Investment Sector.

If you obtain MNPI from any source with respect to an Issuer, you must immediately notify your Investment Sector Compliance department.

**Who is covered under these Standards?** 

Except as otherwise noted, these Standards apply globally to all directors, officers, and employees (including applicable contractors, interns, temporary employees, and others who have been notified by compliance) of/or supporting certain Prudential asset management, investment adviser and/or broker dealer businesses, including Prudential Chief Investment Office ("CIO"), PGIM, and Prudential Investment Management Services ("PIMS"), throughout the Company regardless of geographic location ("Employees").

For the purposes of this policy, "PGIM" refers to all PGIM affiliated investment advisers, business units and their associated functional areas.

------

You are required to become familiar with and to comply with these Standards and to attest at least annually your understanding of and compliance with these Standards. Violations of these Standards will be considered serious matters and may lead to disciplinary actions, up to and including termination of employment in appropriate cases, to the extent consistent with local law.

Any questions with respect to these Standards should be referred to Compliance or the Law Department.

**Escalation Requirements** 

Failure to comply with any of the requirements (or report potential violations) of these Standards may result in violations of securities laws and regulations. Prudential takes such violations very seriously. Any potential violation of the provisions of these Standards will be investigated by Law & Compliance. If a determination is made that a violation has occurred, we may impose appropriate sanctions, up to and including termination of employment or referral to regulatory, civil, or criminal authorities.

To report suspected violations of these Standards, you should contact Compliance. If you feel uncomfortable reporting directly to Compliance, you may also report suspected violations to our Ethics Help Line (1-800-752-7024<sup>1</sup>) or Website <u>https://prudential.ethicspoint.com</u>. Prudential will not tolerate any discrimination, harassment, or retaliation against anyone who makes a good faith report or assists in an investigation.

You may voluntarily communicate with or provide information to government agencies regarding potential violations of the law without providing notice to, or obtaining approval, from Prudential. Nothing in these Standards is intended to, or should be interpreted, to preclude anyone from exercising these rights.

**Key Definitions** 

**Above the Wall:** For purposes of these Standards, means certain investment sector senior officers, and certain support functions that meet each of the requirements set forth below and are considered to be "above" any established information barriers. Anyone with this classification is subject to all of the Investment Sectors Restricted Lists and must adhere to all access and communication restrictions.

**Chief Compliance Officer (CCO), Compliance Officer:** For purposes of these Standards, means either the Prudential Chief Legal and Compliance Officer, the PGIM Chief Legal and Compliance Officer, or the relevant Investment Sector Chief Compliance Officer or a designee of any of the above.

**Confidential Information:** Information that the company has a contractual, legal or regulatory obligation to protect or for which unauthorized use or disclosure could negatively impact Prudential's customers or employees, business operations, reputation, or competitive advantage.

**Company**: Prudential Financial, Inc. and its subsidiaries, otherwise known as "Prudential."

<sup>1</sup> International numbers are listed on the Ethics website and Prudential's Code of Conduct: Making the Right Choices

------

**Identified Issuers:** For purposes of these Standards, an issuer is deemed "identified" for purposes of these Standards whenever the information in question either includes the issuer's name or other facts from which a knowledgeable investment analyst could infer its identity, and there is a potential for MNPI.

**Information Barrier:** Controls (physical, procedural, and/or technology) that prevent the flow of MNPI between different investment sectors. in accordance with applicable global regulatory requirements, guidance and industry best practices.

**Insider:** Includes both traditional insiders and temporary insiders. A traditional insider is generally any officer, director, partner, controlling shareholder, manager, or employee of a company who obtains MNPI about an issuer by virtue of their position or relationship with the company. A temporary insider is any person who receives MNPI about an issuer while performing services for them (e.g., accountants, lawyers, consultants, or underwriters)

**Investment Sectors:** For purposes of these Standards, means each distinct business group listed in Exhibit A that has its own investment and/or trading team that has been designated or grouped separately from other investment units.

**Isolated Information Barrier:** For purposes of these Standards, means barriers around groups or subgroups of employees of one or more Investment Sectors with respect to potential receipt or sharing of MNPI that has been approved by Prudential's Chief Legal & Compliance Officer or the PGIM Chief Legal and Compliance Officer.

**Material Information:** Information that a reasonable person, considering all the surrounding facts and circumstances, would consider important in deciding to buy, sell or hold a security. Both positive and negative information can be material. A change in facts and circumstances may change the nature of the information from non-material to material. Multiple data points of non-material information may in aggregate alter the "total mix" of available information regarding an issuer to be considered material.

**Material Non-public Information ("MNPI"):** Information that is not available to the general public that a reasonable person, considering all the surrounding facts and circumstances, would find important in deciding whether or when to buy, sell, or hold a security. MNPI can be obtained from a number of sources.

**Non-public:** Information that has not been disclosed to the general public. Information is considered public if it is widely disseminated (for example, public filings, newswire services, etc.) By contrast, information would likely not be considered widely disseminated if it is available only to a company's employees, or if it is only available to a select group of analysts, brokers, and institutional investors.

**Restricted List:** A list of Identified Issuers with respect to which Investment Sectors have MNPI. Investment Sectors and their employees may have or be subject to other Restricted Lists that are outside the scope of these Standards. You are prohibited from purchasing or selling securities of Identified Issuers on your respective business unit's Restricted List(s).

**Shared Sales Personnel:** Collaborate on sourcing clients, onboarding clients, and may participate in client calls, meetings, and presentations. Such personnel's personal trading will be subject to the respective Investment Sector Restricted Lists they support. Exhibit B lists the Shared Sales Personnel and the Investment Sectors that they support.

------

## Training and Confirmations/Attestation
**A.** **Training** 

**Initial Training** 

If you are classified as an Investment Sector employee, you must complete training on these Standards within 30 days of joining the Investment Sector.

If you are transferring from another Investment Sector you will need to consult with your respective Investment Sector Compliance Department to determine if any additional controls are needed if you are aware of any potential MNPI as a result of your prior role. (e.g., trading restrictions, isolated information barriers, etc.)

**Periodic Training** 

Each Investment Sector employee will participate in periodic training on these Standards.

**B.** **Annual Confirmations/Attestation** 

At least annually, you must confirm/attest that you have read, understand, and will comply with these Standards.

## Communications
**A.** **Determinations of Materiality; Materiality Guidelines** 

You should consider if the non-public information is material to the Identified Issuer or another related issuer (e.g., its affiliates, competitors, target of a merger or acquisition), or security or its equivalent (e.g. derivative) if the dissemination of such information could significantly impact the price of value of a security. Generally, you should consider any information that a reasonable person would consider important in deciding to buy, sell or hold a security to be material.

If you have any questions about the materiality of particular non-public information, please contact your Investment Sector Compliance Officers or the Law Department.

**B.** **Designation of Investment Sectors** 

For purposes of these Standards, our investment business units have been designated as, or grouped, into distinct Investment Sectors, listed in Exhibit A. These Investment Sectors are presumed to have access to the same information about Identified Issuers and accordingly share the same Restricted Lists. Notwithstanding the aforementioned presumption, employees are reminded that they are only permitted to share MNPI with other employees, even of the same Investment Sector, on a need-to-know basis.

------

Each Investment Sector and its investment units and their employees are considered "walled off" from other Investment Sectors and are subject to access and communication restrictions about Identified Issuers as set forth in these Standards.

Investment Sectors and their employees are prohibited from trading securities of Identified Issuers on the Restricted List(s) to which they are subject, including for client, proprietary, or personal accounts.

**C.** **Restricted Communications** 

You may not communicate to employee(s) in another Investment Sector any information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• about an Identified Issuer whose name appears on your Investment Sector's Restricted List(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• that may indirectly disclose any Identified Issuer in which you have MNPI; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any specific Confidential Information of an Identified Issuer, a client, or prospective client of the Investment
Sector.

In addition, you may not communicate with employees of another Investment Sector for the purpose of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• eliciting MNPI or Confidential Information with respect to any Issuer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• determining whether they have MNPI with respect to any particular Issuers or securities; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• determining whether the names of particular Issuers appear on another Investment Sector's Restricted List.

These restrictions apply to all communications (oral, written, and digital) and must follow the Prudential Digital Communications and Acceptable Use Policy and Standards.

**D.** **Permitted Cross-Wall Communications** 

**Adviser/Client Relationships** 

Business units from different Investment Sectors may establish a client and adviser relationship by entering into an investment management agreement. Communications between Investment Sectors that are limited to the client-advisory relationship are permitted and do not require Compliance preapproval (specific to the client's portfolio(s)). These client advisory communications with affiliates should apply the same standards as third-party client advisory communications, such as avoiding selective disclosures and not disclosing MNPI.

**Pre-Approved by Compliance** 

Prior to communicating with a member of another Investment Sector, you must receive pre-approval from Compliance to determine if the topic of discussion relates to Issuers, Confidential Information or MNPI.

------

Compliance Officers may approve certain communications otherwise prohibited above (Restricted Communications) as they deem appropriate. Such exceptions are subject to certain conditions imposed by Compliance, which may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• monitoring of communications by Compliance Officers or the Law Department;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• limiting the subjects to be addressed in oral communications;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• pre-clearing written communications; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requiring use of code names.

Investment Sector Compliance will maintain a log of approved cross-wall communications that involve Confidential Information or MNPI.

**E.** **Confidentiality Agreements** 

These Standards do not affect any party's rights or obligations under confidentiality agreements or laws or regulations restricting the internal or external communication of issuer-related information by Prudential employees.

When an Investment Sector or any of its sub-divisions enters into a confidentiality agreement, governing information to be received from a third party in connection with an actual or potential investment, the employee signing the agreement is responsible for determining whether they will likely receive MNPI and notifying Compliance of the potential receipt of MNPI and notifying Investment Sector Compliance if/when they receive MNPI. Compliance will update the Investment Sector's Restricted List(s) as necessary.

You must take precautions to ensure that Confidential Information, regardless of materiality, is not shared with individuals who do not need to know the information to perform their job role or function. In some cases, the terms of the confidentiality agreement may not permit the sharing of such information to other business units or Investment Sectors. Please consult the Law Department, as needed, in assessing the terms of any confidentiality agreement.

## Access Restrictions
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **External Meetings** 

You should consult with your Investment Sector Compliance Officer before participating in external meetings that may provide access to Confidential Information about any Identified Issuer. Accessing such information can result in possible receipt of MNPI (e.g., confidential borrower information as loan syndicate members or creditors committee members).

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Internal Meetings** 

When making presentations at any internal meetings (includes all formats – in person, teleconference, or videoconferencing) where employees of another Investment Sector are in attendance you must adhere to the requirements listed above in Restricted Communications. Unless you are designated Above the Wall (See Exhibit A) or have received prior written approval from your Compliance Officer, you may not attend or participate in portions of any meetings, (including Board of Directors, Investment Committee, Capital and Financial Controls Committee, Risk Management, PGIM Investment Committee, etc.) during which employees of another Investment Sector are expected to discuss or present materials that include MNPI of an Identified Issuer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Records** 

Without the prior written approval of a Compliance Officer, you may not have access to any records (paper, electronic, databases, etc.) that contain MNPI for another Investment Sector (this includes board or committee memoranda, portfolio reports, Restricted Lists, trading records, non-public quality ratings assigned to issuers).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **Office Space** 

All office space occupied by Investment Sector employees must have appropriate controls to limit access to other Investment Sectors.

You are not permitted to enter the office space of another Investment Sector, unless you are classified as Above the Wall, have prior written approval of a Compliance Officer, or a Compliance-approved escort.

Compliance Officers may approve the location of non-investment personnel, who do not routinely access MNPI, on the same floor, provided there are reasonable controls. Such controls are determined by specific facts and circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E.** **Trading Rooms** 

You may not enter a trading room space maintained by another Investment Sector without a Compliance- approved escort.

## Special Employee Classifications/Exceptions
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Above the Wall** 

Certain Investment Sector Senior Officers and support functions (See Exhibit A) may need access across investment sectors to make strategic decisions or perform their job responsibilities. Employees designated as Above the Wall are not subject to the access and communication restrictions list above in these Standards.

**Above the Wall Information Barrier Requirements** 

To be considered "above the wall", you must meet each of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You are not a named portfolio manager and do not make security-specific trading or investment decisions for the
Company or our clients;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You must receive and disseminate non-public information only on a need-to-know basis;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You must receive prior approval from a Compliance Officer before disclosing MNPI to an Investment Sector which is
not already in receipt of the information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your personal trading is subject to the Restricted Lists of all of the Investment Sectors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Shared Sales Personnel** 

Investment Sectors may share sales personnel who may collaborate on sourcing clients, onboarding clients, and may participate in client calls, meetings, and presentations.

If Shared Sales Personnel obtain MNPI from an Investment Sector they support, they are required to escalate this to Compliance immediately. Compliance will determine whether additional controls will be implemented, including (but not limited to) additional client and personal trading restrictions, and/or the implementation of an Isolated Information Barrier.

Shared Sales Personnel need Compliance Officer approval to be granted any electronic or physical access to the Investment Sectors that they support, and their personal trading will be subject to any applicable Restricted List(s) for the relevant Investment Sectors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Additional Limited Exceptions** 

In certain circumstances, the PGIM Chief Legal and Compliance Officer, may classify certain individuals as being "above" an information barrier and therefore not subject to the access and communication restrictions set forth in these Standards. Investment unit Compliance will advise such individuals in writing of their status and of any other necessary specific restrictions.

Employees provided this limited exception are prohibited from disclosing non-public information about an Identified Issuer to any Investment Sector employee who does not already have access to the information without prior approval from a Compliance Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**I.** **Investment Sector Sub-Division Barrier** 

The PGIM Chief Legal and Compliance Officer or an Investment Sector Chief Compliance Officer may designate a sub-division of the respective Investment Sector as a separate sub-division information barrier (the "Sub-division Barrier") for the purpose of receiving and containing MNPI separate from the rest of the Investment Sector.

The Sub-division Barrier should have sufficient managerial, physical, and technological separation from the rest of the Investment Sector and have additional controls as determined by Compliance. With reasonable controls, the receipt of MNPI by the members of the Sub-division Barrier would not restrict the Investment Sector unless the MNPI was intentionally or inadvertently shared.

Investment Sector Compliance is responsible for documenting the approval, maintaining the applicable controls and escalating and addressing any breaches of the Investment Sector Sub-Division Barrier(s).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**II.** **Cross Investment Sector Project Groups** 

In limited circumstances, the PGIM Chief Legal and Compliance Officer, or their designee, may approve certain cross-investment barrier project groups that may include individuals from different investment sectors to work together on specific business projects and would not be subject to access and communication restrictions set forth in these Standards in regard to the specific business project (e.g., forming a new fund; corporate strategic initiatives) on a temporary basis.

These employees are prohibited from disclosing non-public information about an Identified Issuer(s) to any employee that is not a member of the project group without prior approval from a Compliance Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**III.** **Isolated Information Barriers** 

Prudential's Chief Legal & Compliance Officer or the PGIM Chief Legal and Compliance Officer, may approve Isolated Information Barriers around one or a group of employees of one or more Investment Sectors with respect to potential receipt or sharing of MNPI.

Investment Sector Compliance is responsible for documenting the approval, maintaining the applicable controls and escalating and addressing any breaches of the Isolated Information Barrier.

## Approvals and Breaches
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Approval** 

PGIM's Chief Legal and Compliance Officer is authorized to approve exceptions to and modifications of these Standards. Any requests should be documented and set forth the basis and rationale and any conditions to which the approval is subject.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Information Barrier Breaches** 

Investment Sector Compliance will document any Information Barrier Breaches.

If a breach of an information barrier results in MNPI about an Identified Issuer being passed to another Investment Sector or within an Investment Sector but outside a sub-information barrier, the incident must be escalated to each Investment Sector's Chief Compliance Officer or their designee.

Unless an Isolated Information Barrier is established, the Identified Issuer must be immediately added to each related Investment Sector's Restricted List and will remain on the list until an assessment is made that the Investment Sector is no longer in receipt of MNPI.

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## Compliance Monitoring
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Restricted Lists** 

Each Investment Sector Compliance team maintains a list of all Identified Issuers with respect to which Investment Sector Compliance was notified that its Investment Sector has MNPI.

You may not purchase or sell, for any account, securities of any Identified Issuer (including or any derivative contracts in respect of such securities) whose name appears on any applicable Restricted List, unless applicable law permits, and the compliance department approves. Subject to applicable law, exceptions to the above may be made if the purchase or sale is from or to the Identified Issuer, its' underwriter for or a counterparty who also has access to the same MNPI.

Trading restrictions also apply to affiliated or unaffiliated funds (e.g., CLOs) if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the underlying holdings include the Identified Issuer(s) of the Investment Sector; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a reasonable investor would consider such composition of Identified Issuer(s) as material in making an investment
decision.

**Additions** 

If you obtain MNPI, from any source, with respect to an issuer, you must immediately notify your compliance department. Compliance will place the issuer's name on the appropriate Investment Sector's Restricted List(s) unless otherwise addressed (e.g., creation of Isolated Information Barriers). Trading restrictions will apply to related issuers (e.g. parents and subsidiaries) unless it can be determined that the MNPI is not material to those related issuers.

**Removals** 

Once Compliance reasonably concludes that no employee of an Investment Sector possesses MNPI with respect to an Identified Issuer, they may remove such Identified Issuer from the applicable Restricted List(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Private Investment Sectors** 

For Investment Sectors that generally transact in private transactions with a party that has the same access to the MNPI, Compliance may limit the trading restriction to their employees' personal trading account.

Compliance Officer approval is required when trading securities, instruments, or their equivalent with a party that does not have access to the same MNPI.

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## Miscellaneous
**A.** **New Investment Sector Senior Officers and Investment Sectors** 

Exhibits A and B to these Standards may be amended with the approval of the PGIM Chief Legal and Compliance Officer.

**B.** **Records** 

PGIM Central Compliance shall maintain a central file of any written approvals, exceptions, confirmations, determinations, memoranda and communications required by this Statement of Standards.

**C.** **Business Continuation Events** 

During business continuation events, Investment Sectors are permitted to operate in the same space subject to appropriate reasonable controls given the specific circumstances.

If the arrangement is expected to be less than 30 days, an Isolated Information Barrier Exception is not necessary.

Impacted employees will be required to certify/attest that MNPI was not shared or misused.

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**Exhibit A** 

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Investment Sectors**<br>**(also known as Information Barrier Groups)** | **Investment Sectors**<br>**(also known as Information Barrier Groups)** | **Investment Sectors**<br>**(also known as Information Barrier Groups)** |  |  |  |  |
|  |  | **Employees/Groups Designated as "Above the Wall"** | **Employees/Groups Designated as "Above the Wall"** | **Employees/Groups Designated as "Above the Wall"** | **Employees/Groups Designated as "Above the Wall"** | **Employees/Groups Designated as "Above the Wall"** |  |  |  |
| Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates | Prudential Chief Investment Officer, Prudential Global Investment Strategy Managing Director, Prudential Head of Global Hedge Management, Prudential Chief of Global Portfolio Management, President & CEO of PGIM, Chief Operating Officer of PGIM, Chief Marketing Officer of PGIM, CEO of PGIM Multi- Asset Solutions, PGIM Chief Innovation Officer, CEO of PGIM Private Alternatives, President and CEO of PGIM Fixed Income, Chief Business Officer of PGIM Fixed Income, CEO and President of PGIM Investments, CEO President of PGIM Quantitative Solutions, and CEO of Jennison Associates |
| PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support | PGIM Compliance, PGIM Law, PGIM Finance, PGIM Risk Management, Enterprise Risk Management (Investment Risk and Market Risk), PGIM Institutional Relationship Group, PGIM Internal Audit (IA PGIM coverage), and PGIM Executive Support |
| PGIM Investments<br>Investment Sector | PGIM Fixed<br>Income (FI)<br>Investment<br>Sector\* | Jennison<br>Associates<br>LLC<br>Investment<br>Sector | PGIM<br>Quantitative<br>Solutions<br>Investment<br>Sector | PGIM<br>Private<br>Capital<br>Investment<br>Sector | Deerpath<br>Capital<br>Investment<br>Sector | PGIM Real<br>Estate<br>Investment<br>Sector | Montana<br>Capital<br>Partners<br>Investment<br>Sector | Chief<br>Investment<br>Office<br>Investment<br>Sector | PGIM Multi-<br>Asset<br>Solutions<br>Investment<br>Sector |
| **PGIM** <br> **Investments**<br> (all units and locations, and investment sector support functions deemed to be BU employees)<br> **PGIM Custom Harvest LLC** <br>**PGIM DC Solutions**<br>**Strategic Investment Group (SIRG)** | **PGIM Fixed Income**<br>(all units and<br>locations, and<br>investment sector<br>support functions<br>deemed to be BU<br>employees <br> **PGIM Japan Co.<br>Ltd** Sub-Division<br>Barrier Within FI:<br> \* **Capital Markets**<br>**Group - Fixed**<br>**Income Employees**<br>**(also known as the**<br>**PGIM FI Private**<br>**Credit Team)** | **Jennison**<br>**Associates**<br>**LLC** (all units<br>and<br>locations,<br>and<br>investment<br>sector<br>support<br>functions<br>deemed to<br>be BU<br>employees) | **PGIM**<br>**Quantitative**<br>**Solutions**<br>(all units and<br>locations,<br>and<br>investment<br>sector<br>support<br>functions<br>deemed to be<br>BU<br>employees) | **PGIM Private**<br>**Capital** (all units and<br>locations, and<br>investment<br>sector support<br>functions<br>deemed to be<br>BU<br>employees) | **Deerpath**<br>**Capital**<br>(all units<br>and<br>locations,<br>and<br>investment<br>sector<br>support<br>functions<br>deemed to<br>be BU<br>employees) | **All PGIM**<br>**Real Estate**<br>(all units<br>and<br>locations,<br>including<br>GRES and<br>investment<br>sector<br>support<br>functions<br>deemed to<br>be BU<br> employees) <br> **Impact &**<br>**Responsible**<br>**Investing** | **Montana**<br>**Capital**<br>**Partners**<br>(all units<br>and<br>locations,<br>and<br>investment<br>sector<br>support<br>functions<br>deemed to<br>be BU<br>employees) | **Chief Investment**<br>**Office, including**<br>**Global Hedge**<br>**Management** <br> **Prudential Select**<br>**Strategies** | **PGIM Multi-**<br>**Asset**<br>**Solutions** (all units and<br>locations, and<br>investment<br>sector support<br>functions<br>deemed to be<br>BU<br>employees) |

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**Exhibit B** 

**Shared Sales Personnel** 

Shared Sales Personnel Investment Sectors Supported <br> PGIM Private Alternatives Sales Personnel PGIM Real Estate PGIM Private Capital Deerpath Capital Montana Capital Partners