ISAM Funds UK Limited

ITEM 5: FEES AND COMPENSATION
Pursuant to relevant management agreements, iSAM (or an affiliate thereof) receives certain fees for its investment
advisory services. Management fees are generally based on a percentage of market value of the net assets under
management. iSAM reserves the right, in its sole discretion, to negotiate and charge different fee structures under
certain circumstances.

In accordance with Rule 205-3 under the Advisers Act, iSAM will typically charge a performance-based fee subject to a
high-water mark. This fee will vary across accounts as stated in the relevant management agreements. See Item 6 –
Performance-Based Fees and Side-By-Side Management for more information about performance-based fees.

Management and performance fees are generally payable to an affiliate of iSAM that acts as the manager for the
relevant investment strategy (the “Manager”) and delegates investment management authority for iSAM’s investment
strategies to iSAM and its affiliate, iSAM Funds (USA) LLC (“iSAM USA”). The Manager may, in its sole discretion, pay all
or any portion of its share of the management fee and performance fee to any affiliate or third party. Fees are billed
according to relevant management agreements. Management fees are generally calculated and billed monthly in
arrears and performance fees are generally accrued monthly and crystallized on a periodic basis (e.g., quarterly or
annually), as described in the applicable management agreement. For iSAM pooled investment vehicles, the third-party
administrator arranges the payment of management and performance fees to iSAM or the Manager, as applicable.

In addition to management and performance fees, investors in iSAM funds will also bear certain investment and
operating fees and expenses incurred directly or indirectly by the fund.

These costs and expenses generally include but are not limited to: (i) all costs and expenses associated with the offering
and investor services; (ii) operational costs such as legal, director, tax, accounting, bookkeeping, audit, valuation and
other professional fees and expenses, administration, custody, organizational, insurance, cyber security, proxy and
voting services, taxes imposed on the fund, costs and expenses relating to regulatory compliance matters, and fees
payable to governments or agencies (iii) research and investment and trading/execution related expenses, such as
brokerage commissions, transaction costs, market data and alternative data costs, interest on borrowings and related
software and hardware expenses; and (iv) extraordinary expenses.

The expenses borne by each fund will be described in further detail and subject to the terms and conditions set out in
the fund’s governing and offering documents.

In addition to the above management and performance fees, institutional managed account clients bear the cost of
certain investment and operating fees and expenses associated with maintaining their accounts. Such fees and
expenses include but are not limited to taxes, custodial fees, brokerage commissions and transaction costs.

See Item 12 –Brokerage Practices, for more information.

ITEM 7: TYPES OF CLIENTS
iSAM provides investment management services to institutional managed accounts and pooled investment vehicles. All
the Firm’s clients are “qualified clients” eligible to be charged performance compensation under Rule 205-3 of the
Advisers Act. Generally, investors must invest a minimum amount of $1,000,000, though this may be waived, modified
or negotiated at iSAM’s sole discretion.

Note this brochure is only intended for qualified purchasers. In general, the definition of “qualified purchaser” includes
entities with $25,000,000 or more in “investments” (as defined by the SEC), as well as certain other specified categories
of entities.