Intermede Investment Partners Limited

Item 5.        Fees and Compensation

The firm currently provides discretionary advisory services to separately managed account
clients, private funds and a Dublin domiciled UCITS fund and charges these clients an annual
management fee based on a percentage of the assets under management. The management
fee for the private fund and the UCITS fund ranges from 0.45% to 0.75% and which may, in
certain circumstances, be reduced by way of rebate to unitholders in either cash or units in the
fund. Fee arrangements with separately managed account clients were individually negotiated
and are generally based on assets under management. Separately managed account clients
may negotiate the terms of their investment management agreements.

The minimum separate account size is typically $50 million. IIPL reserves the right to negotiate
a management fee or accept an account size that differs from the amounts stated above.

Management fees are generally calculated and payable quarterly in arrears and are prorated
for a period of less than a full quarter and in the event of a termination of the investment
management contract. Generally, the fee is based upon the market value of the account as of
the end of each calendar quarter, unless the client requests a different method of calculation.

In addition to the management fees, clients will incur brokerage and other transaction costs.
Item 12 further describes the factors that IIPL considers in selecting or recommending broker-
dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).

IIPL provides advisory services to one or more private funds. Detailed information about the
fees and expenses of such private funds will be described in the applicable governing and
offering documents of such funds.

IIPL also provides non-discretionary investment advice as a sub-adviser to four mutual funds
registered under the Investment Company Act of 1940. The fees that are paid to IIPL as sub-
adviser to its mutual fund clients are set out in each fund’s registration statement. Further, IIPL
also provides non-discretionary investment advice as a sub-adviser to one or more private
funds. Detailed information about the fees and expenses of such private funds will be described
in the applicable governing and offering documents of such funds.

As of December 31, 2025, IIPL provides discretionary investment advice in relation to a class
of a private fund under a performance fee only fee arrangement. IIPL manages all accounts on
a like basis, irrespective to the distinction of related account or non-related account. See Item
6 for further disclosure regarding side-by-side management of accounts receiving performance
based fees.

Item 7.        Types of Clients

IIPL provides discretionary investment advisory services to separate account clients and private
funds as described in Items 4 and 5 above.

IIPL also provides non-discretionary investment advisory services to mutual funds and private
funds as described in Items 4 and 5 above. Under the sub-advisory contracts as approved by
the trustees and/or directors of each of these funds, IIPL advises on the investments of such
funds and furnishes them with advice regarding the purchase and sale of portfolio securities.
In exchange for these services, IIPL receives and annual fee from the adviser that is payable
on an annualized basis and generally calculated as a percentage of the proportion of the
applicable fund’s average net assets on which IIPL provides the non-discretionary advice.

Clients are generally required to make a minimum initial investment of USD $50 million, though
IIPL reserves the right to make exceptions to this minimum amount in certain circumstances.