GLENMEDE INVESTMENT MANAGEMENT, LP

Glenmede Investment Management LP (GIM), successor to Glenmede Advisers, is a wholly owned subsidiary of The Glenmede Trust Company, N.A. (Trust Company). GIM offers an array of equity, fixed income and some liquid alternatives portfolios that invest primarily in U.S. markets. GIM is headquartered in Philadelphia, Pennsylvania. As of December 31, 2025, GIM managed approximately $6.2 Billion in assets of which $5,820,510,467 were on a discretionary basis and $377,403,7611 were on a non-discretionary basis.

GIM's services are provided on a discretionary basis to institutional investors, including registered investment companies (The Glenmede Fund, Inc. collectively, the Glenmede Funds), CITs, corporations, pension plans, charitable institutions and to high-net-worth investors. In addition, GIM serves as sub-advisor to high-net-worth individuals who are wealth management clients of the Trust Company.

GIM does not provide tactical asset allocation or full-service investment advice; rather, clients select from among GIM's offered products. From time to time, GIM may accept certain client restrictions, for example, with respect to investing in certain companies or industries. Clients should be aware, however, that some restrictions can limit GIM's ability to act and as a result, the account's performance may differ from and be less successful than that of other accounts that have not limited its discretion.

GIM offers several of its strategies to wrap platform sponsors (typically broker-dealers or investment advisers). A wrap program is an investment advisory program under which a client typically pays a single fee to the sponsor based on assets under management. Fees paid are not based directly upon transactions in the client's account or in the execution of client transactions. Wrap program clients typically select GIM's strategy from a list of investment advisors and strategies presented to clients by the sponsor. Wrap program clients are generally high net worth individuals but can sometimes include institutional investors. The program sponsor has primary responsibility for client communications and service, and GIM provides investment management services to the clients. The program sponsor typically executes the client's portfolio transactions and, in most cases, provides custodial services. GIM is paid a portion of the wrap fee for its services by the program sponsor.

GIM also advises model only investment programs where program sponsors utilize a GIM portfolio to implement an investment program for investors (overlay programs or UMA Programs) and such sponsors (overlay sponsors or UMA Sponsors). In overlay or UMA programs, GIM receives a management fee from the sponsor based on the assets managed by the sponsor in accordance with the model portfolio. For equity investment programs, these accounts and assets are considered non-discretionary portfolios, because GIM does not execute the trades and has no control over whether they are in fact executed. All clients who enroll in these types of accounts or programs should carefully review the fee structure and other program documents provided by the sponsor.

Investment decisions for wrap program clients and other non-wrap accounts are made in the same investment style. There may be differences between holdings and performance, however, at the individual account level due to (1) restrictions or limitations imposed on GIM by the wrap program account holder or sponsor; (2) differences between taxable and tax-exempt accounts; (3) differences in cash flow in or out of the account; or (4) the use of a fixed rotation schedule or timing of trade communications to overlay managers.

A list of those sponsors to whom GIM provides investment management services is contained in Part 1 of Form ADV.