Clearbridge Investments North America PTY Limited

Item 5. Fees & Compensation

Fees - How and When Clients are Billed

Advisory fees for separate accounts, which are generally based on assets under management, are usually billed quarterly or
monthly and are payable in arrears or as mutually agreed upon with the client. Clients may agree to pay by having their accounts
debited by their custodian or by separate invoice.

In the event a client pays CINA fees in arrears and terminates its investment management agreement, the client will be charged
a pro-rated fee through the termination date. In the event fees are paid in advance, a pro-rata refund of the fees will be made
when the agreement is terminated prior to the end of the period for which fees have already been paid.

What’s Not Included in Our Fee

The fees set forth below are solely for the provision of investment advisory services to separate accounts and do not include
other fees a client may incur, such as brokerage commissions and mark-ups and mark-downs (see Item 12 for a discussion of
our brokerage practices), transfer fees, exchange or similar fees (such as for ADRs), custody and fees charged by other service
providers, such as consultants.

Fees for Fund Management

For fees charged by registered open and closed end investment companies subadvised by CINA, please see the appropriate
fund prospectus.

In General

Our annual investment management fees for separately managed accounts generally range up to 0.75% of assets under
management. Fees are negotiable based upon the size of the account, relationship and/or the nature and level of services we
provide. The fees are based upon the aggregate fair value of the client’s account managed by CINA as defined in the Investment
Management Agreement (“IMA”) with the client.

While it is CINA’s general policy to charge fees to its clients in accordance with the fee schedules in effect at thetime of
executing the investment management agreement, fees are subject to negotiation and may vary to reflect circumstances that
may apply to a specific client account. For example, fees may differ from those stated because of long- standing relationships,
anticipated client additions to assets under management, changing market conditions, or for other reasons. Account
minimums may be waived for similar or other reasons.

From time to time, CINA may also charge performance-based advisory fees to qualified clients, the terms of whichare negotiated
between us and the client, but in all events, such arrangements shall comply with the applicable provisions under the
Investment Advisers Act of 1940 (“Advisers Act”).

Institutional Account Fee Schedule

Each of the institutional strategies listed below has a $5 million minimum account size, which may be waived under certain
circumstances.

 Strategies                                         Account Value                                     Annual Fee
 Global Infrastructure Value                        First $25 million                                 0.75%
 Global Infrastructure Income                       Next $25 million                                  0.70%
 Global Sustainable Infrastructure                                                                    0.65%
                                                    Next $50 million
                                                                                                      0.60%
                                                    Above $100 million
Fees relating to Separately Managed Accounts

CINA has entered into a relationship with FTPPG through which CINA gains access to retail managed account programs by being
retained by FTPPG as a sub-advisor. CINA has developed a strategy specifically for managed account programs. Please see Part
2A of the FTPPG Form ADV entitled “FTPPG/Subadvisor Brochure.”

Item 7. Types of Clients

CINA provides portfolio management services to corporate pension and mutual funds, investment management companies,
charitable institutions, foundations, endowments, trusts and other corporations and business entities. Generally, we do not
accept separately managed accounts below $5 million.

CINA also acts as subadvisor to funds which are part of the Franklin Templeton/Legg Mason family of mutual funds. These funds
are predominately sold through intermediaries, including broker-dealers, registered investment advisers and banks. CINA also
acts as subadvisor to an actively managed exchange-traded fund (“ETF”), traded on the NASDAQ.

Through its sub-advisory relationship with FTPPG, CINA can provide investment advisory services through participation in
managed account programs. For further information, refer to the FTPPG Form ADV Part 2A.