Advent Capital Balanced Strategy Update

ADVENT CAPITAL MANAGEMENT Advent Adds Value Advent has one of the largest platforms in the world emphasizing convertibles as an asset class. ■ ■ ■ ■ ■ Advent utilizes a dynamic bottom-up, fundamental approach to security selection. Our cash flow model seeks to identify changes in company fundamentals before they are reflected in reported earnings or security price movements. Advent has a unique 360° view of the capital markets by globally managing both long-only and hedge fund strategies - evaluating all parts of the capital structure. Advent is a tier one institutional account globally, which commands access to company managements, outside research and new issue allocations. As a fiduciary, Advent places the interest of our clients first. Advent's client base includes some of the world's largest public and corporate pension plans, foundations, endowments, insurance companies and high net worth individuals. Advent is a signatory to the UN PRI. Data is as of July 31, 2020. AUM data is estimated as of September 2, 2020. ADVENT CAPITAL MANAGEMENT, LLC ~$9.3 billion AUM in traditional, alternative, closed-end fund strategies 57 employees New York and London 21 Investment Professionals 22 years Average analyst experience covering their sector or region Since 1995 4

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