Capital International Inc

ITEM 5: FEES AND COMPENSATION

Generally, fees are not negotiable. In addition to the fee schedules outlined below, different fee
schedules may apply for long standing clients and early investors in a new strategy/vehicle.
Clients with customized mandates or special service needs may be subject to a higher fee
schedule. For certain investors, CIInc may have a separate performance related fee as discussed
in Item 6 (Performance Based Fees and Side-By-Side Management). Client accounts also incur
brokerage and other transaction costs. For further details on CIInc’s brokerage policies, please
refer to Item 12 (Brokerage Practices) of this brochure.

Sales and marketing professionals employed by CIInc or an affiliate may receive direct or
indirect compensation related to the services CIInc or its affiliates provide. This presents a
conflict of interest, as marketing and sales associates have an incentive to recommend CIInc’s or
its affiliates’ services because of the compensation they are provided by CIInc.

The annual fees for advisory services that will be provided by CIInc to Capital Bank and Trust
Company, in its capacity as trustee to certain collective investment trusts, will be agreed upon
from time to time in writing. The fees that Capital Bank and Trust Company receives for such
collective investment trusts will be described in the fund’s governing documents.

SERVICES TO MANAGED ACCOUNT PROGRAM

CIInc investment advisory services are also available through various programs including but not
limited to bundled “wrap fee” programs sponsored by certain unaffiliated broker-dealers or other
financial institutions where the sponsor offers bundled investment management, custody,
brokerage or other services. The fee paid by the client to the sponsor, which may include the fee
for advisory services provided by CIInc is generally based on a percentage of assets. Clients
should contact their program sponsor for more information on fees in connection with such
programs.

Fees charged to sponsors generally fall within the following ranges:

       U.S. Equity: 0.28% - 0.32%
       International Equity/ Global Equity: 0.32% - 0.38%
       Intermediate/ Core Bond: 0.22%
       Core Plus Bond: 0.26%
       Municipal Bond: 0.12%
       Municipal Income Bond: 0.22%

Fees charged by CIInc to the wrap program’s sponsor for such services will vary based on the
relationship, services provided, level of discretion and other factors. In addition to the above
rates, fees for certain overlay, administrative, platform, or other maintenance fees charged by
select sponsor firms may apply, and they generally range from 0.02% to 0.05% as applicable.
Sponsor firms should refer to their agreements with CIInc for details on the fee schedule that
applies for their relationship.

With regard to clients investing in managed account programs, fees will generally be prorated for
partial periods and calculated quarterly in arrears based on the average daily market value or
appraised value of the account, as determined in good faith by CIInc.

Third party sponsors of certain managed account programs choose to calculate the fees for
clients in their program. Each sponsor uses its own fee calculation methodology, which may
result in different fee calculation methodologies among sponsors.

Sponsors of certain managed account programs require additional fees to cover administration
costs in addition to the fees noted above. Refer to your Investment Management Agreement and
the ADV of the sponsor of your managed account program for further details.

SERVICES TO INSTITUTIONAL CLIENTS

The fees and services discussed below are for institutional separate accounts and privately-
offered collective investment trusts (“CITs”), where noted, that are exempt from registration.
Such funds currently include: (i) common trust funds designed for U.S. charitable tax-exempt
organizations; and (ii) collective trust funds designed for U.S. qualified employee benefit and
government plans. For detailed information regarding funds designed primarily for defined
contribution plans, please refer to that fund's governing documents.

In cases where CIInc invests institutional separate account client assets in ETFs on a transitional
or short-term basis, CIInc may use ETFs managed by affiliates of CIInc, even where similar
unaffiliated services may have lower fees or better historical returns. To avoid duplication of
advisory fees and mitigate conflicts of interests, CIInc will waive the mandate level investment
management fee related to the assets invested in ETFs managed by affiliates of CIInc.

Calculation of Fees

Generally, investment management fees are calculated at each quarter end, based on the market
or appraised value of the account at such time, and are charged quarterly and payable in arrears.

For clients who invest in CITs, fees are generally charged outside of the unit class directly to the
participating plan.

Minimum Account Size

The minimum separate account size is $100 million. Where a CIT is available, the minimum
investment size is $5 million*. In some instances, the minimum may be waived due to the
overall size of the client relationship or other factors.

* Our fixed income CITs are intended for larger plan investments with allowable minimums as low as $5
million, based on a review of account details.

Other Fees and Expenses for Funds

Generally, operating expenses, including expenses for custody, audit and administration services
are charged internally to each fund, and are reflected in the net asset value of each fund; such
expenses may be higher in certain funds given higher administrative costs associated with
operating the fund and/or the nature of the investments. For additional information regarding the
pooled investment vehicles, please refer to their offering documents.

Fee Discounts

Access to a lower management fee, as well as additional breakpoints, may be available to
eligible accounts.

Model Portfolios
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ITEM 7: TYPES OF CLIENTS

CIInc provides investment management and advisory services to a registered investment
company, other pooled investment vehicles exempt from registration and separate accounts for
institutions such as corporate entities, corporate and pension plans, endowments and foundations,
foreign governmental entities and other financial institutions. CIInc also provides investment
management and related services to managed account programs as well as certain affiliated
companies. In addition, CIInc serves as the investment adviser to Capital Bank and Trust
Company in its capacity as the trustee of privately-offered collective investment trusts that are
exempt from SEC registration.

Accounts are generally subject to a minimum account size, which may vary based on whether it
is a separate account or invested in a fund. Due to the nature of the plans, minimum size
requirements are generally not imposed on unit classes of funds designed for use primarily by
defined contribution plans. In some instances, the minimum is waived due to the overall size of
the client relationship or other factors. Please refer to Item 5 (Fees and Compensation) for
information on minimum account sizes.

In cases where CIInc invests separate account client assets in ETFs on a transitional or short-
term basis, CIInc may use ETFs managed by affiliates of CIInc, even where similar unaffiliated
services may have lower fees or better historical returns. To avoid duplication of advisory fees
and mitigate conflicts of interests, CIInc will waive the mandate level investment management
fee related to the assets invested in ETFs managed by affiliates of CIInc.