Amova Asset Management Asia Limited

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 Asia.

Generally, Amova Asia’s fee arrangements are based on a percentage of the market value of assets under
management or advisement, although Amova Asia may also charge performance-based fees, flat fees, or apply other
alternative fee structures. The specific fee arrangements with respect to any given account are negotiable on a client-
by-client basis. When determining appropriate fees, Amova Asia 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 Asia’s relationship with the client and its affiliates across all accounts and strategies.
Amova Asia 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 Asia’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 Asia and the separate account client. Amova Asia does not 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 Asia’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.

      Amova Asset Management Asia Limited
      Form ADV Part 2A

Item 7 Types of Clients
Amova Asia’s clients generally include individuals (inherited from legacy business) and institutional investors, such
as corporations, pension funds, banks, endowments, charitable organizations, central banks, government agencies
and funds, supranational organizations, and pooled investment vehicles, including Japanese investment trusts.

Minimum investment amounts vary depending on the product type, strategy, and distributors (where appropriate).
The minimum amount required to open an investment advisory account is determined by Amova Asia 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.