Amova Asset Management UK 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 UK.
Generally, Amova UK’s fee arrangements are based on a percentage of the market value of assets under management or
advisement, although Amova UK 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 UK 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 UK’s relationship
with the client and its affiliates across all accounts and strategies. Amova UK 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 UK’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 UK and the separate account client. Amova UK 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.

Amova Asset Management UK Limited
Form ADV Part 2A

Generally, Amova UK’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 UK’s clients generally include institutional investors, such as corporations, pension funds, trust banks, charitable
organizations, government agencies and funds, supranational organizations, as well as pooled investment vehicles, including
Japanese Investment Trusts, U.S. registered investment companies, insurance companies and Amova AM Group affiliates.

Amova UK may also engage affiliates or third parties as sub-advisers, who may be delegated either full discretionary trading
authority or non-trading related services.

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 UK 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.