Rosemary Macedo

Founded in 1969, QS Batterymarch Financial Management, Inc. is a registered investment advisor located in Boston, Massachusetts. The firm is a wholly-owned, independently managed subsidiary of Legg Mason, Inc. (NYSE: LM). They provide investment advisory and sub-advisory services to a wide variety of institutional investors. Legg Mason, Inc.'s acquisition of QS Investors LLC was effective May 30, 2014. As a result, QS Investors, Batterymarch Financial Management, Inc. and Legg Mason Global Asset Allocation LLC became subject to common management and investment oversight, with the objective of integrating the firms to create a combined investment platform offering solutions, quantitative equity, liquid alternatives and multi-manager asset allocation.

QS Legg Mason Global Asset Allocation LLC is a registered investment advisor located in New York City. The firm is a subsidiary of Legg Mason, Inc. (NYSE: LM). Legg Mason, Inc.'s acquisition of QS Investors LLC was effective May 30, 2014. As a result, QS Investors LLC, Batterymarch Financial Management, Inc. and Legg Mason Global Asset Allocation LLC became subject to common management and investment oversight, with the objective of integrating the firms to create a combined investment platform offering solutions, quantitative equity, liquid alternatives and multi-manager asset allocation. The firm's primary business is providing asset allocation and manager or fund selection advisory services to a variety of clients with multi-asset class portfolios. Such clients include or are expected to include U.S. registered investment companies, investment funds domiciled and registered in non-U.S. jurisdictions, and other institutional clients such as pension plans, Section 529 college savings plans, state and local governmental entities, endowments, foundations, corporations, trusts and other business entities. Each such client typically is structured as a fund-of-funds or manager-of-managers arrangement. Asset allocation and manager or fund selection advisory services may be provided by QS Legg Mason on either a discretionary or non-discretionary basis.

DWS Investment Management Americas, Inc. (DIMA) is a SEC-registered investment advisor headquartered in New York City. The firm is a subsidiary of DWS USA Corp., ultimately held by Deutsche Bank AG (ETR: DBK) in Germany. The firm was founded in 1984 and formerly known as Deutsche Investment Management Americas Inc. In 2018, they changed their name into DWS as part of the rebranding of Deutsche Asset Management. DIMA provides discretionary and non-discretionary investment advisory services to various institutional clients. They also provide investment advisory services for its municipal bond strategies through wrap fee programs.

Bailard, Inc. is a SEC-registered investment advisor headquartered in Foster City, California. The firm (formerly Bailard, Biehl and Kaiser prior to its re-naming in 2005) was founded in 1969 by three graduates of the Stanford Graduate School of Business. They are a wholly owned subsidiary of BB&K Holdings, Inc. Bailard provides investment advisory and financial planning services and offers single asset strategies to investors on a standalone basis. The firm manages separate accounts for institutional clients and provides advisory and sub-advisory services to pooled investment vehicles.

First Quadrant LLC is an investment management firm headquartered in Glendale, California. The firm was founded by Robert Arnott in 1988 and is a direct subsidiary of AMG CA Holdings Corp., ultimately held by Affiliated Manager's Group, Inc. (NYSE: AMG). First Quadrant provides investment management services to institutional clients around the globe, which includes corporate and public pension and profit-sharing plans, foundations and endowments, mutual funds, trusts, estates, charitable organizations, private (unregistered) funds, state or municipal government entities, and foreign governments.

QS Investors LLC (QSI) is a SEC-registered investment advisor headquartered in New York City. The firm was founded and formed in August 2010 through an MBO of the Quantitative Strategies Group within DB Advisors, the institutional asset management division of Deutsche Asset Management. QSI is a wholly-owned subsidiary of QS Investors Holdings LLC, ultimately owned by Franklin Resources, Inc. (NYSE: BEN). The firm provides investment advisory and sub-advisory services to a diverse array of institutional and retail clients and funds.