Amova Asset Management Americas Inc

Item 5          Fees and Compensation
This Brochure is intended for use by U.S. retirement plan sponsors, endowments, foundations, and other institutional investors.
Accounts are generally subject to a minimum account size, which may be waived by Amova AMA.

Generally, Amova AMA’s fee arrangements are based on a percentage of the market value of assets under management or
advisement, although Amova AMA may also charge performance-based fees, flat fees, or apply other alternative fee structures,
subject to applicable law. The specific fee arrangements with respect to any given account are negotiable on a client-by-client
basis. When determining appropriate fees, Amova AMA may take into account, among other things, the account’s investment
strategy, whether the account is a discretionary account, the level of servicing required by the account and the scope of Amova
AMA’s relationship with the client and its affiliates across all accounts and strategies. Amova AMA generally bills clients
quarterly in arrears.

Separate account clients are responsible for third party expenses associated with managing the account including, but not
limited to, for example, brokerage commissions, ticket charges and other fees. Amova AMA’s brokerage practices are discussed
in Item 12 of this Brochure. The allocation of these expenses will be made in accordance with the agreement in place between
Amova AMA and the separate account client. Amova AMA does not generally select account custodians on behalf of separate
account clients or serve as the custodian of separate account client account assets. Clients will be responsible for charges
imposed by custodians, such as custodial fees.

Generally, Amova AMA’s investment advisory agreements provide that either party may terminate the agreement upon a
mutually agreed time upon prior written notice. Upon termination, clients pay the pro-rata portion of fees through the effective
date of termination.

Item 7          Types of Clients
Amova AMA’s clients generally include institutional investors, such as corporations, pension funds, investment companies, trust
banks, charitable organizations, government agencies and funds, supranational organizations, as well as pooled investment
vehicles including Japanese Investment Trusts and Amova AMA’s group affiliates.

Amova AMA may also engage affiliates or non-affiliated third parties as sub-advisers, who may be delegated either full
discretionary trading authority or non-discretionary related services (i.e., research, model portfolio construction, etc.).

Minimum investment amounts vary depending on the product type, strategy and distributor (where appropriate). The minimum
amount required to open an investment advisory account is determined by Amova AMA on a case-by-case basis, relying on a
number of factors including, but not limited to, the types of investments to be made for the account.