CIBC Asset Management Inc

ITEM 5 - FEES AND COMPENSATION

For investment advisory services provided to institutional clients, CIBC GAM receives a management fee based
upon a percentage of assets under management. Fees are charged to each client in accordance with an agreed

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upon fee schedule with fee breakpoints in accordance with the client’s Investment Management Agreement
(“IMA”) and are typically calculated monthly based on the market value of the assets at the end of each month.
Once a prescribed asset level is reached, subsequent assets will be subject to a lower fee rate. Fees are billed
quarterly in arrears and typically range as follows:

 Strategy                                                                 Fees (per annum)
 Canadian Equity All Cap Strategy                                           0.20% to 0.35%
 Canadian Equity Growth Strategy                                            0.20% to 0.35%
 Canadian Equity Large Cap Dividend Value Strategy                          0.20% to 0.35%
 U.S. Equity Value Strategy                                                 0.40% to 0.65%
 Global Equity Strategy                                                     0.35% to 0.55%
 Global Equity Growth Strategy                                              0.40% to 0.65%
 International Equity Strategy                                              0.35% to 0.55%
 Qi Global Low Volatility Dividend Strategy                                 0.25% to 0.35%
 Canadian Equity S&P/TSX Index Strategy                                     0.03% to 0.09%
 U.S. Equity S&P 500 Index Strategy                                         0.03% to 0.09%
 International Equity Index Strategy                                        0.05% to 0.10%
 Passive Currency Strategy                                                0.025% to 0.075%
 Constrained Currency Strategy                                             0.025% to 0.10%
 Unconstrained Active Currency Strategy                       14% to 15% of targeted value added objective
 Multi-Asset Absolute Return Strategy                                       0.80% to 1.00%

Management fees for institutional clients may be negotiated on a case-by-case basis and are determined by a
number of factors, including the investment strategy, size of the account, and servicing requirements. The client’s
IMA provides the fee-related information for the account. Institutional clients are charged a minimum annual fee
that varies by strategy.
A portion of a client’s account assets may be held in cash to satisfy one or more objectives, including having an
allocation to cash as part of an asset allocation, facilitating transaction execution, or having available funds to
pay the quarterly advisory management fee. Cash and cash alternatives are subject to the investment
management fee.
Certain clients may also be charged a performance-based fee, which is typically 20% of the performance
generated over a specific performance objective. Performance fees may vary and are negotiated on a client-by-
client basis. (Please refer to Item 6 below for additional information regarding performance-based fees.)
In addition to management and performance fees, all institutional clients are responsible for any costs or
expenses related to brokerage transactions, custodial services, interest, foreign currency transactions, and
regulatory requirements. Clients are also responsible for any applicable taxes. (Please see Item 12—Brokerage
Practices for additional information regarding brokerage and other expenses.)
Institutional clients may elect to be billed directly for fees or authorize CIBC GAM to submit an invoice to their
custodian so that management fees may be directly debited from their custodial accounts. Management fees
may be prorated for significant cash flows during the applicable calendar quarter. Accounts initiated or terminated
during a calendar quarter will be charged a prorated fee.

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ITEM 7 - TYPES OF CLIENTS
CIBC GAM offers institutional investment advisory services to pooled investment vehicles, pension plans,
charitable organizations, state or municipal government entities, other investment advisers, insurance
companies and corporations or other businesses. For institutional clients, there is no pre-determined minimum
account size.