Degroof Petercam Asset Management

Item 5 - Fees and Compensation

Degroof Petercam Asset Management is currently mainly compensated based on fees calculated as a percentage
of a client’s assets under management. The fees are generally charged quarterly in arrears and calculated upon
the average assets under management during such quarter, as agreed with the client (and specifically stated in
the Investment Management Agreement between Degroof Petercam Asset Management and the client). In the
case of segregated mandates (not investment funds), clients receive a (quarterly) invoice after each period, which
they can decide to pay from the investment account or from a separate account.

For some portfolios DPAM receives performance-based fees. Degroof Petercam Asset Management will comply
with Rule 205-3 under the Investment Advisers Act if it charges any such performance fees.

In the event an institutional client terminates its agreement with Degroof Petercam Asset Management during a
quarterly period, the fee for that period will be prorated based in the number of days or months during the
period in which Degroof Petercam Asset Management performed services.

Since this Brochure shall be delivered only to clients who are “qualified purchasers,” as defined in Section
2(a)(51)(A) under the Investment Company Act, a fee schedule has not been provided in this Brochure but is
available in each client’s Investment Management Agreement. In addition to paying management fees, clients
are typically subject to other investment expenses including, but not limited to custodial charges, brokerage fees
and commissions (as discussed further in Item 12), interest expenses, and costs associated with foreign exchange
transaction, as well as taxes and other governmental charges. Neither Degroof Petercam Asset Management nor
any of its supervised persons accept compensation for the sale of securities or other investment products,
including asset‐based sales charges or service fees from the sale of mutual funds.

Item 7 – Types of Clients

Degroof Petercam Asset Management mainly provides sub-advisory services to non-affiliated SEC-registered
investment companies through sub-advisory arrangements. Concretely, institutional clients typically include
pension plans, insurance companies, charitable organizations, endowments and other professional investors.
Degroof Petercam Asset Management does not provide services to individual investors.

Degroof Petercam Asset Management may also provide investment advisory services to U.S. institutional clients,
including state pension plans and ERISA plans. Besides sub-advisory services, Degroof Petercam Asset
Management may also provide recommendations and investment advice regarding investment strategies to
affiliated and unaffiliated entities.

Generally, there is no minimum account size. However, for institutional segregated mandates offered to U.S.
clients, the minimum size is $25 Million