Advent Capital Balanced Strategy Update

BALANCED STRATEGY Portfolio Management Team TRACY MAITLAND President, CIO ■ DAVID HULME, ASIP Managing Director ■ Serves as President & Chief Investment Officer of Advent, overseeing all investment activities of the firm Co-Portfolio Manager of the Balanced Convertible Strategy since its inception in 1995 Prior to founding Advent, he was a Director in the Convertible Securities Department at Merrill Lynch. His experience spans trading, sales, origination and portfolio management of convertible securities 38 years of experience in convertibles ADVENT CAPITAL MANAGEMENT, LLC Co-Portfolio Manager on the Balanced Strategies Prior to joining Advent in 2002, he worked at Van Eck Global Asset Management as an Investment Director and Portfolio Manager 26 years of investment experience as a Portfolio Manager and Research Analyst 18+ years working on the Balanced Strategies Supported by an experienced Investment Team and Risk Management Committee Investment team of 21 professionals including 7 research analysts ▪ Risk Management Committee consists of Advent's Chief Financial Officer/Chief Administrative Officer, Chief Operating Officer, Chief Risk Officer and Director of Research ■ Data is as of June 30, 2020. 8

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