Causeway Capital Management LLC

Item 5.        Fees and Compensation

Causeway generally charges fees based on a percentage of assets under management.
For some accounts, it charges fees based on the performance of the account.
Causeway’s basic annual fee schedules for its main investment strategies for separate
accounts and wrap programs as of February 28, 2026 appear below. Some of
Causeway’s strategies are also used by mutual funds or commingled vehicles sponsored
by Causeway. Information about these funds’ or vehicles’ fees and expenses, as well as
relevant investment minimums and the manner in which they pay fees to Causeway,
appears in the relevant prospectuses or offering memoranda which are provided to
investors before or at the time of investment.

          A.   International Value

The basic annual fee schedule for international value and international value socially
responsible separate accounts is:

 0.60% of the first $200 million
 0.45% thereafter

The standard minimum separate account asset size for US clients is $75 million.

The international value strategy is also used by a mutual fund and other commingled
vehicles sponsored by Causeway.

          B.   International Value Select

The basic annual fee schedule for international value select separate accounts is:

 0.60% of the first $200 million
 0.45% thereafter

The standard minimum separate account size for US clients is $50 million.

          C.   Global Value

The basic annual fee schedule for global value separate accounts is:

 0.60% of the first $200 million
 0.45% thereafter

The standard minimum separate account size for US clients is $75 million.

The global value strategy is also used by a mutual fund and other commingled vehicles
sponsored by Causeway.

       D.      Emerging Markets

The basic annual fee schedule for emerging markets separate accounts is:

 0.75% of the first $200 million
 0.60% thereafter

The standard minimum separate account asset size for US clients is $75 million.

The emerging markets strategy is also used by a mutual fund and other commingled
vehicles sponsored by Causeway.

       E.      International Opportunities and Global Opportunities

The basic annual fee schedule for international opportunities and global opportunities
separate accounts is:

  0.65% of the first $200 million
  0.50% thereafter

The standard minimum separate account size for US clients is $75 million.

The international opportunities strategy is also used by a mutual fund and other
commingled vehicles sponsored by Causeway.

       F.      International Small Cap

The basic annual fee schedule for international small cap separate accounts is:

0.80% of the first $150 million
0.65% thereafter

The standard minimum account size for US clients is $25 million.

The international small cap strategy is also used by a mutual fund sponsored by
Causeway.

       G.      Global Small Cap

The basic annual fee schedule for global small cap separate accounts is:

0.80% of the first $150 million
0.65% thereafter

The standard minimum account size for US clients is $25 million.

The global small cap strategy is also used by a commingled vehicle sponsored by
Causeway.

       H.      Concentrated

The basic annual fee schedule for concentrated separate accounts is:

 0.60% of the first $200 million
 0.45% thereafter

The standard minimum separate account size for US clients is $75 million.

The concentrated strategy is also used by a commingled vehicle sponsored by
Causeway.

       I.      China Equity

The basic annual fee schedule for China equity separate accounts is:

  0.75% of the first $150 million
  0.65% thereafter

The standard minimum separate account size for US clients is $25 million.

The China equity strategy is also used by a commingled vehicle sponsored by Causeway.

       J.      Global Systematic Equity - Sustainable

The basic annual fee schedule for global systematic equity - sustainable separate
accounts is:

  0.50% of the first $150 million
  0.45% thereafter

The standard minimum separate account size for US clients is $25 million.

The global systematic equity - sustainable strategy is also used by a commingled vehicle
sponsored by Causeway.

       K.      Global Systematic Equity

The basic annual fee schedule for global systematic equity separate accounts is:

  0.50% of the first $150 million
  0.45% thereafter

The standard minimum separate account size for US clients is $25 million.

The global systematic equity strategy is also used by a commingled vehicle sponsored by
Causeway.

       L.      International Value and Global Value – ADR model programs and SMA
               programs

Causeway’s investment advisory services are also available through various consulting
or bundled “wrap fee” programs sponsored by certain broker-dealers or other financial
institutions where the sponsor offers bundled investment management, custody,
brokerage or other services for a single fee. Fees charged by Causeway to the wrap
program’s sponsor for such services will vary based on the relationship, services
provided, and other factors. The “wrap fee” paid by the client to the sponsor, which
includes the fee for advisory services provided by Causeway, is generally based on a
percentage of assets. For model program and single-contract SMA programs, Causeway
will receive a portion of the fee charged by the program sponsor. For dual-contract
SMA programs, Causeway receives the fee set forth in the client’s investment
management agreement with Causeway, which are separate from fees charged by the
program sponsor. Clients should contact their program sponsors for more information
on fees in connection with such programs.

Sponsor firms should refer to their agreements with Causeway for details on the fee
schedule that applies for their relationship.

       M.      Miscellaneous

Fees are generally payable quarterly based on the average of the market values (as
...

Item 7        Types of Clients

Causeway provides investment management services primarily to institutional clients
including corporations, pension plans, public retirement plans, sovereign wealth funds,
superannuation funds, Taft-Hartley pension plans, endowments and foundations,
mutual funds and other collective investment vehicles, charities, private trusts and
funds, model and SMA programs, and other institutions.

Causeway has relationships with model program sponsors through which multiple
underlying customers access Causeway's advisory services. Causeway treats each
relationship with a model program sponsor as a single “client” for purposes of Form
ADV, Part I, Item 5, because Causeway supplies aggregate securities weightings and
related information to the program sponsor. The program sponsor or its delegate (and
not Causeway) executes transactions and provides custody services for the underlying
customers. The programs’ underlying customers may be clients of Causeway for other
purposes under the Advisers Act.

Causeway also provides investment advice to mutual funds it sponsors and mutual
funds sponsored by third parties, collective investment trusts, or “CITs,” private
commingled investment vehicles, including private funds sponsored by Causeway, and
an undertaking for collective investment in transferable securities, or “UCITS,”
sponsored by Causeway that is an open-ended investment company with variable
capital incorporated in Ireland established as an umbrella fund with segregated liability
between sub-funds.

Separate account clients must enter into a written advisory agreement with Causeway
before receiving services. Please see Item 5 above for standard minimum account sizes.

Causeway may list the names of clients and private fund investors who are not
individuals in its marketing materials unless the client or investor specifically requests to
be excluded.