Channing Global Advisors LLC

ITEM 5 – ADVISORY/INVESTMENT MANAGEMENT FEES AND COMPENSATION

Channing Global generally bases the fees for its investment management and advisory
services on a percentage of AUM, and our standard fee schedules for institutional
separate accounts are as follows:

CHANNING GLOBAL ADVISORS, LLC                          ADV-PART 2 BROCHURE

                                                              DATED: 3/15/2026

Channing Global – Standard Fee Schedules for each investment strategy

Emerging Markets (EM) Small Cap Strategy

First $50M – 85bps
Next $100M – 80bps
Next $100M – 75bps
Thereafter – 70bps

Emerging Markets (EM) All Cap Strategy

First $50M – 75bps
Next $100M – 70bps
Next $100M – 65bps
Thereafter – 60bps

ACWI ex USA Strategy

First $50M – 65bps
Next $100M – 60bps
Next $100M – 55bps
Thereafter – 50bps

Global Equity Strategy

First $50M – 60bps
Next $100M – 55bps
Next $100M – 50bps
Thereafter – 45bps

International Developed Strategy

First $50M – 55bps
Next $100M – 50bps
Next $100M – 45bps
Thereafter – 40bps

CHANNING GLOBAL ADVISORS, LLC                                      ADV-PART 2 BROCHURE

                                                                           DATED: 3/15/2026

Our fees are negotiable, and sometimes we also negotiate our fees with institutional
clients based on the clients’ funding size and/or their ability to provide Channing Global
with more AUM in the future. The above-described fees apply generally across all
currently offered investment strategies covering long-only emerging market, global and/or
international equity strategies for institutional separate accounts—not hedge accounts or
hedge funds, which Channing Global does not manage. Additionally, institutional private
pooled investment vehicles and private fund management fees are governed by each
investment vehicle’s respective fund PPM.

Advisory Fees in General: Our Firm’s investment management and advisory fees are
generally negotiable, and, in certain circumstances, our investment management fees are
negotiable based upon institutional funding mandate size and/or the ability to expand the
relationship over time. Also, the above-described fees are applicable only to long-only
institutional or pension client separate accounts, and not hedge accounts or hedge funds,
which Channing Global does not manage. Clients should also note that similar advisory
services may (or may not) be available from other registered (or unregistered) investment
advisers for similar or lower fees.

General Fee/Expenses-Related Information
These fees are generally:
      Payable quarterly based on AUM fees assessed during each calendar quarter.
      Billed each calendar quarter in arrears and are generally due upon receipt.
      Pro-rated for funds or monies the client added or withdrew before the calendar
       quarter ended, based on the governing investment management agreement (IMA)
       fee schedule for such client separate account.
      Collected in arrears and not billed in advance; accordingly, Channing Global does
       not contemplate a situation where it will be necessary to issue a refund of fees
       billed to a client. However, in the unlikely event a client believes a refund of billed
       fees is warranted, the request should be made in writing to:

CHANNING GLOBAL ADVISORS, LLC                                    ADV-PART 2 BROCHURE

                                                                         DATED: 3/15/2026

       Channing Global Advisors, LLC
       Operations – Accounting/Financial
       dlemanski@channingglobal.com
       c/o Accounting & Financial Manager
       10 S. LaSalle Street, Suite 2401
       Chicago, IL 60603
       Re: Request for Refund

Clients with fixed-term agreements generally can terminate their investment management
agreement (“IMA”) in accordance with the specific terms outlined therein. Otherwise, a
client or Channing Global can generally terminate an IMA or investment advisory
agreement at any time by giving the other party at least 30 days prior written notice of its
intention to do so.

Additional Fees and Expenses: In addition to our advisory fees, clients are also
generally responsible for the fees and expenses charged by custodians and imposed by
broker-dealers, including, but not limited to, any transaction charges imposed by a broker-
dealer with which an independent investment manager effects transactions for the
institutional client’s account(s). Please refer to the “Brokerage Practices” section (Item
12) of this ADV Part 2 Brochure for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing or legacy advisory
client accounts are generally subject to Channing Global’s minimum account
requirements in effect at the time the client entered into the advisory relationship.
Therefore, our firm’s minimum account requirements can differ among clients over time
and/or are waived for certain related person investment accounts from time to time.

Related/Associated Person Employee Accounts: As an employee and investment
account house-holding accommodation, employees are allowed to invest in Channing
Global strategies as a client at no cost or at a reduced cost. Firm-managed employee
accounts are managed in a manner consistent with the Firm’s fiduciary duty to its other
institutional clients. Such managed employee and family accounts shall receive neither
special advantages nor disadvantages and are also subject to the firm’s trading policies.

CHANNING GLOBAL ADVISORS, LLC                                    ADV-PART 2 BROCHURE

                                                                        DATED: 3/15/2026

ITEM 7 – TYPES OF CLIENTS

Channing Global generally makes its investment management services available to and
serves a variety of institutional clients, including:
      Institutional Managers-of-Managers and Funds-of-Funds
      Other Investment Advisors and Asset/Fund Managers
      Institutional Endowments and Foundations
      Institutional Corporate and Other Retirement Plans
      Institutional Public Retirement and Pension Funds
      Institutional Governmental Agencies/Units
      Institutional Third-Party Platforms/Sponsors
      Institutional Pooled Investment Vehicles/Funds
      Institutional Hospitals/Healthcare Institutions
      Institutional Taft-Hartley Organizations
      Institutional Corporate and Investor Trusts.

CHANNING GLOBAL ADVISORS, LLC                                   ADV-PART 2 BROCHURE

                                                                        DATED: 3/15/2026

Conditions for Managing Accounts
Channing Global generally provides investment advisory services to institutional investors
that can provide a minimum range of $5-10 million in assets under management. In
certain circumstances, however, the firm can waive this minimum at its discretion.