Fukoku Life International America Inc

Item 5 – Fees and Compensation

The specific manner in which fees are charged by FLIA is established in the written sub-advisory
agreements that have been entered into with the Investment Manager. FLIA generally bills its fees
on a quarterly basis in arrears.
The fees are based on the average net asset value of the Funds during the quarter using each month's
last business day's net asset value and are determined using the number of days in that period,
payable quarterly. FLIA is provided with the details of the net asset value for the relevant fee
period from the Funds’ Investment Manager and FLIA sends an invoice for the fees, which are
paid in US dollars. FLIA is paid between 0.70% - 1.00% per annum for these sub-advisory
services.
FLIA’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which are incurred by the client. The Funds incur certain charges imposed by custodians,
brokers, third party investment and other third parties, such as fees charged by managers, custodial
fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund

fees, and other fees and taxes on brokerage accounts and securities transactions. Such charges,
fees and commissions are exclusive of and in addition to FLIA’s fees, and FLIA shall not receive
any portion of these commissions, fees, and costs.

Item 7 – Types of Clients

FLIA provides sub-advisory investment management services only to the Funds which are
managed by the Investment Manager and offered privately to institutional investors in Japan.
FLIA does not impose a minimum account size.