Coolabah Capital Institutional Investments PTY Limited

Item 5 – Fees and Compensation
CCII’s fees are generally charged as a percentage of assets under management, however performance-based
fees may also be negotiated with clients. For more information on performance-based fees, please refer to Item
6. Fees charged by CCII depend on a number of factors, including account type (e.g. separate account), existing
relationship, complexity of client requirements, account size, or other special circumstances. As fees and
minimum account sizes are subject to negotiation, clients that are similar in size and have similar objectives may
have different fee rates.

The fee schedule applicable for mandates are typically as follows:

Strategy                          Annual management Fee               Commentary
                                  (%)
Active Cash Strategy              0.66%                               Lowest risk daily liquidity cash
                                  Fund Fees are negotiable            plus strategy that invests in
                                  generally based on                  liquid IG credit only with av. A
                                  investment size. Retail fees        credit rating, zero interest rate
                                  are disclosed in the relevant       duration, and generates alpha
                                  PDS’s.                              through long-only credit
                                                                      mispricings, targeting returns
                                                                      of RBA cash rate plus 1-2% pa
                                                                      net of fees with less than 1%
                                                                      pa volatility.
Active Credit/Short Term          0.69%                               Similar daily liquidity cash plus
Income Strategy                   Fund Fees are negotiable            strategy invested primarily in
                                  generally based on                  liquid IG credit with av. A credit
                                  investment size. Retail fees        rating, zero interest rate
                                  are disclosed in the relevant       duration, and max. 20%
                                  PDS’s.                              allocation to hybrid securities,
                                                                      generating alpha through long-
                                                                      only credit mispricings,
                                                                      targeting returns of RBA cash
                                                                      rate plus 1.5%-3.0% pa net of

                                                             fees with less than 1% pa
                                                             volatility.

Long-Short Credit Strategy   0.75%-1.00%                     Daily liquidity credit hedge
                             Fund Fees are negotiable        fund that focuses on liquid IG
                             generally based on              credit with av. IG credit rating,
                             investment size. Retail fees    zero interest rate duration, and
                             are disclosed in the relevant   generates alpha through long
                             PDS’s.                          and short credit mispricings
                                                             with up to 5x leverage. Can
                                                             also invest in sub-IG credit.
                                                             Targets returns of 4%-6%
                                                             above RBA cash rate net of
                                                             fees with less than 5% pa
                                                             volatility.
Active Composite Bond        0.30% Fund Fees are             Daily liquidity active credit
Strategy                     negotiable generally based      strategy with av. A to AA credit
                             on investment size. Retail      rating, and an interest rate
                             fees are disclosed in the       duration overlay that matches
                             relevant PDS’s.                 the AusBond Composite Bond
                                                             Index with volatility equivalent
                                                             to index.
Absolute Credit Alpha        Separately managed              Daily liquidity, absolute return
Strategy                     account (mandate) fees are      strategy able to invest 100% in
                             negotiable                      hybrids, or subordinated
                                                             bonds, or senior bonds, right
                                                             across financial capital
                                                             structures, with a return target
                                                             of RBA cash rate plus 2.5%
                                                             p.a.
BetaShares Active            0.45%                           Daily liquidity for those seeking
Australian Hybrid ETF        (CCII is the investment         a convenient way to access
(ASX: HBRD)                  manager and Betashares is       attractive income returns
                             the R.E.)                       (including franking), from an
                                                             actively managed diversified
                                                             portfolio of hybrid securities,
                                                             bonds and cash.
...

Item 7: Types of Clients
CCII provides advisory services to high net-worth individuals, superfunds, pension plans and endowments,
corporate treasuries, and other entities.

CCII generally requires a minimum account size of $25 million to establish an institutional separately managed
account. Investors below this level will typically be required to invest in the institutional funds managed by CCII.