J O Hambro Capital Management Limited

Item 5 – Fees and Compensation
We generally offer two fee structures for clients (i) an advisory fee based on a percentage of assets
under management (or management fee) or (ii) a lower management fee plus an incentive fee
based on whether we out-perform the relevant benchmark. Management fees are typically paid
quarterly in arrears and incentive fees are paid annually. With respect to clients that are investment
funds, the custodian/trustee calculates the management fees, which are reviewed by the
JOHCML finance department. With respect to segregated account clients, the fees are calculated
by JOHCML based on the asset values produced by their custodians and we send invoices to
those clients for our services. Those clients may choose to instruct the custodian for the account
to pay our fees, or they may pay our fees directly. Clients should evaluate and compare account
valuations in their custodian statement which should be delivered no less than quarterly with
their billing invoices.
A representative fee schedule, as of June 30, 2025, for institutional segregated accounts managed
by JOHCM Group for US clients is provided below, although it is expected that from time to time the
fee charged following negotiation may differ from the illustrations below depending on the nature,
circumstances, and requirements of the individual client. The client agreement will provide details for
the termination of the agreement, which will be as agreed with individual clients for segregated accounts.
The management fee is paid whether or not the account is profitable in a given quarter. The detailed
investment management agreement with the individual client will specify whether fees are deducted
from the client account or are payable separately.

                                              Management Fee Range             Management Fee Range
Investment Strategy                                 Per Annum*                      Per Annum*
                                                (No Performance Fee)           (15% Performance Fee)

Global and International Equities
-    International Select/ACWI ex-US                   .75%                             .60%
-    International Opportunities                       .65%                            .525%
-    Global Opportunities                              .65%                            .525%
-    Global Select                                     .75%                             .60%

Impact Global Equities
-    Regnan Global Equity Impact                       .65%                            .525%
-    Regnan Sustainable Water & Waste                  .75%                            .625%

Emerging Markets Equities
-    Global Emerging Markets Opportunities             .75%                            .675%
-    Emerging Markets Small Cap                        1.00%                           .875%
-    Global Emerging Markets                           .80%                            .675%

Asia ex-Japan                                             .80%                        .675%

    *Based on size of account. Fees may be tiered as asset levels increase.

In the foregoing illustration, where the client has elected to pay an Incentive Fee on its advisory
account, we will be entitled to receive a Management Fee plus a performance-based fee equal to
15% of the Relative Performance (as defined below) of the client’s account. “Relative
Performance” means the excess of the account’s performance over the performance of the Index
calculated on a geometric basis, less any underperformance carry forward.
Where JOHCML provides Model Delivery services to Program Sponsors, JOHCML will collect
management fees from the Program Sponsor based on assets managed and which will depend on
the investment strategy and our agreement with the Platform Sponsor.
Fees for pooled vehicles are included in the offering memorandum or the fund prospectus as
applicable.
JOHCML does not charge or receive compensation in connection with the sale of
securities/private funds/mutual funds/or other investment products.

Other Expenses
As is usual for institutional segregated mandates, the client portfolio will bear the actual transactions
costs such as brokerage commission and transaction fees. JOHCML does not provide custody services.
Institutional segregated account clients select their own custodians, and the costs thereof are governed
by the clients’ own arrangements. In the case of investment funds, investors in those funds, in
addition to bearing their proportional amount of the brokerage commissions, transaction fees and
custodial costs discussed above, also bear other fees and expenses, including their proportional
percentage of administration, audit and legal expenses.

Item 7 – Types of Clients
JOHCML provides investment advisory services on a segregated basis to US institutional investors,
including banks or thrift institutions; pension and profit-sharing plans; foundations, family offices, trusts,
estates, or charitable organizations; or other corporate entities. The normal minimum size for such
segregated accounts is $75 million.
We also provide advisory and/or sub-advisory services to U.S registered investment companies and U.S.
private investment funds, as well as non-discretionary advisory services to Model Program Sponsors and
other non-affiliated financial institutions.
In our home markets in Europe, we act as investment manager to UK and Irish domiciled open-ended
investment companies (UCITS funds) and to pension funds and charitable institutions in the UK, Europe
and elsewhere around the world.