Custodian Bank Qualification

Wilton Investment Services B.V. (“Wilton”) only places orders with custodian banks that have an order execution policy that complies with the provisions of Article 4:90a, paragraphs 1, 2, and 3 of the Dutch Financial Supervision Act (Wft).

Article 4:90a:

When executing orders, an investment firm takes all reasonable measures to obtain the best possible result for its clients, considering the price of a financial instrument, the execution costs, the speed, the likelihood of execution and settlement, the size, the nature, and all other relevant aspects for the execution of the order. In the case of a specific instruction from the client for an order or a specific aspect of an order, an investment firm executes the order or the specific aspect of the order in accordance with that specific instruction.

In determining the relative weight of the factors referred to in the first paragraph, investment firms consider the following criteria:

• a. the characteristics of the client, including their classification as a non-professional or professional client;

• b. the characteristics of the client's order;

• c. the characteristics of the financial instruments to which the order relates;

• d. the characteristics of the execution venues where this order can be placed.

When executing an order for a non-professional investor, an investment firm uses the total consideration to determine the best possible result. This includes the price of the financial instrument and the execution costs.

Selection of Custodian Bank

The custodian banks utilized are Credit Suisse Luxembourg, Van Lanschot Kempen, Puilaetco, and InsingerGilissen. Wilton has established, as required under Article 65 of Delegated Regulation 2017/565, that these custodian banks have adequate policies regarding best execution.

In selecting custodian banks, it has been determined whether the aspect of price is sufficiently guaranteed in the execution of orders by the custodian banks, whether execution costs with the relevant custodian banks are limited, and whether the service level is high. Wilton has found that Credit Suisse Luxembourg, Van Lanschot Kempen, Puilaetco, and InsingerGilissen have taken all reasonable measures to achieve the best possible result for clients, considering the price of the financial instruments, the execution costs, the speed, the likelihood of execution and settlement, the size, the nature, and all other relevant aspects for the execution of the order.