Arrowstreet Capital Limited Partnership

Item 5 – Fees and Compensation

Advisory Fees
Advisory fees are structured as asset-based fees or as performance-based fees/incentive allocations (which also have
an asset-based fee component), depending on the client portfolio. We generally invoice advisory fees for separately
managed portfolios on a quarterly basis, typically in arrears. Depending on the Arrowstreet Sponsored Fund,
advisory fees may be paid directly by the investor in such fund to our firm under a separately negotiated fee
agreement, or by the applicable fund to our firm in accordance with the terms of such fund’s offering documents.
Where advisory fees are paid directly by the Arrowstreet Sponsored Fund investor to our firm, such fees are typically
invoiced on a quarterly basis, in arrears. Where advisory fees are paid by the applicable Arrowstreet Sponsored Fund
to our firm, such fees are paid in accordance with the terms of such fund’s offering document. If requested by a
client, advisory fees may be charged in advance (generally not to exceed one quarter) of investment advisory services
performed.
We do not request, knowingly accept or exercise the authority to deduct, or instruct the deduction of, advisory fees

Arrowstreet Capital, Limited Partnership
Form ADV Part 2A Disclosure Brochure                                                                        March 30, 2026

       from client portfolios managed by us (including Arrowstreet Sponsored Funds).
       While advisory fees are generally negotiable and the investment amount is a non-exclusive, non-binding factor that
       is considered when establishing the advisory fee, our current standard annual advisory fees for each investment
       strategy, whether managed as a separately managed portfolio or with respect to an investment in an Arrowstreet
       Sponsored Fund, are described below.
                                              Separately Managed Portfolio     Arrowstreet Sponsored Fund
Investment Strategy*
                                              Advisory Fees (in USD)**         Advisory Fees (in USD)**
Long-Only
ACWI                                          0.80% first $500 million         0.80% for investments up to $75 million
ACWI ex U.S.                                  0.70% thereafter                 0.73% for investments of $75 - $125 million
EAFE                                                                           0.66% for investments of $125 - $200 million
World                                                                          0.62% for investments of $200 - $275 million
                                                                               0.57% for investments of $275 - $375 million
(Closed to new investment)                                                     0.53% for investments exceeding $375 million
Global Low Active Risk                        0.24% first $500 million         Not currently offered via Arrowstreet Sponsored Fund
                                              0.22% on the next $500 million
(Closed to new investment)                    0.20% thereafter

Global Minimum Volatility                     0.80% first $500 million         Not currently offered via Arrowstreet Sponsored Fund
                                              0.70% thereafter
(Closed to new investment)
Global Small Cap                              0.80% first $500 million         0.90% for investments up to $75 million
                                              0.70% thereafter                 0.82% for investments of $75 - $125 million
(Closed to new investment)                                                     0.75% for investments of $125 - $200 million
                                                                               0.72% for investments exceeding $200 million

Emerging Markets                              Offered via Arrowstreet          0.90% for investments up to $75 million
                                              Sponsored Fund                   0.85% for investments of $75 - $125 million
(Closed to new investment)                                                     0.80% for investments of $125 - $200 million
                                                                               0.75% for investments of $200 - $275 million
                                                                               0.70% for investments of $275-$375 million
                                                                               0.68% for investments exceeding $375 million
U.S.                                          0.35% first $250 million         0.45% for investments up to $75 million
                                              0.30% thereafter                 0.40% for investments of $75 - $125 million
                                                                               0.35% for investments of $125 - $200 million
                                                                               0.30% for investments of $200 - $275 million
                                                                               0.25% for investments of $275 - $375 million
                                                                               0.20% for investments exceeding $375 million
Alpha Extension
ACWI 130-30                                   Offered via Arrowstreet          An annual performance fee that is typically 20% plus an
World 130-30                                  Sponsored Fund                   asset-based fee of:
Global Minimum Volatility 130-30
                                                                               0.35% for investments up to $100 million
                                                                               0.30% for investments of $100 - $250 million
                                                                               0.25% for investments of $250 - $500 million
...

Item 7 – Types of Clients

We provide investment advisory services to a global institutional client base. Our clients consist of a broad range of
institutional clients, including corporate pension plans, charitable institutions, foundations, endowments, state and
municipal government entities, sovereign wealth funds, U.S. private funds and registered funds (such as U.S.
registered investment companies), non-U.S. private funds and registered funds (such as UCITS), insurance companies
and other U.S. and non-U.S. institutions. Please refer to Item 5 for information relating to minimum investment
amounts for purposes of establishing a separately managed portfolio or for investing in an Arrowstreet Sponsored
Fund.