J Safra Sarasin Asset Management North America Ltd

Item 5: Fees and Compensation                                    affiliated custodian bank.

Advisory Fee                                                     Other expenses
For our investment advisory services, we are compensated         Our Advisory Fees do not include custodian bank fees, fees
on the basis of an investment advisory fee (the “Advisory        for trade settlement, foreign currency exchange
Fee”) calculated at the end of each calendar quarter (31         transactions, brokerage commissions, wire transfer or any
March, 30 June, 30 September, 31 December) as a                  other fees or taxes (e.g. value added tax, Swiss stamp duty)
percentage of the entire assets (including cash) held in the     imposed by the custodian bank, broker-dealers or other
client account(s) of the custodian bank that are covered by      service providers. Our Advisory Fees also do not include any
either the Discretionary Mandate or Advisory Mandate.            management or other fees charged by funds or issuers of
                                                                 other financial instruments you may be invested in.
For our Discretionary Mandate and Advisory Mandate, the          Depending on the services you request from the custodian
Advisory Fee is an annual rate of 1% of your entire assets       bank or other service providers, you may additionally be
(including cash) in the mandate, subject to a minimum            charged for special services such as US tax reporting or
quarterly Advisory Fee of CHF 5,000.                             reclaiming of withholding taxes. All these fees will reduce
                                                                 the overall return of the investment advisory portfolio(s)
We reserve the right to waive, discount, increase or             covered by either the Discretionary Mandate or Advisory
otherwise negotiate our Advisory Fees.                           Mandate.

Calculation and charging of the Advisory Fee                     Management fees to affiliates
If Bank J. Safra Sarasin Ltd in Basel, Switzerland (“BJSS”),     If we or you invest in collective investment vehicles and
or another affiliate of JSSAMNA selected by you (together        similar products managed by an affiliate of JSSAMNA, that
with BJSS the “Affiliated Custodian”), acts as custodian         affiliate may be economically benefited through the receipt
bank, the Advisory Fee will be calculated in Swiss francs        of a management fee for such products. We will not share
based on the Affiliated Custodian’s market valuation of all      such fees.
of the assets (including cash) held in the client account(s)
with the Affiliated Custodian that are covered by either the     No other compensation
Discretionary Mandate or Advisory Mandate at the end of          We do not accept any compensation for any sale of any
each calendar month during the quarter for which the             financial instruments, referral of prospective clients or have
Advisory Fee is charged. The Advisory Fee will be charged in     any other type of revenue-sharing arrangement with
arrears at the end of the quarter in Swiss francs to your        another party unless disclosed otherwise. In addition, we
client account(s) with the Affiliated Custodian. In case the     do also not charge any transaction-based fees or fees for
Discretionary Mandate or Advisory Mandate is terminated,         transmitting orders to broker-dealers for execution.
the Advisory Fee for the entire last calendar month is
charged in full. If your client account(s) with the Affiliated
Custodian does not hold enough Swiss francs, then the            Item 6: Performance-Based Fees and Side-by-Side
debiting of the Advisory Fee will result in a foreign exchange   Management
transaction. The Affiliated Custodian will be compensated
for effecting such a foreign exchange transaction.               We do not charge performance-based fees.

In case of a non-affiliated custodian bank, the Advisory Fee     Our policies and procedures aim to ensure that investment
will generally also be calculated by such custodian bank’s       advisory portfolios are treated fairly and equitably over
market valuation of all of the assets (including cash) held in   time. Any investment decisions for such portfolios are
the account(s) with the selected non-affiliated custodian        made with specific reference to the individual investment
bank that are covered by either the Discretionary Mandate        profile and objective of each client. We may therefore give

Firm Brochure | Form ADV Part 2A | March 18, 2026

investment advice or exercise investment responsibility or        time and may change your risk tolerance, investment
take other actions for clients that may differ from the advice    profile and objective as well as the investment strategy
given, or the timing and nature of actions taken, for other       selected by you.
clients. Investment results for different portfolios, including
portfolios that are generally managed in a similar style, may     -   A fixed income or defensive investment strategy may
also differ as a result of these considerations. Some clients         allow you to seek a modest level of losses and returns,
may not participate at all in some investments in which               while accepting low risk and low fluctuation to your
other clients participate, or may participate to a different          initial principal. These strategies may not generate
degree or at a different time.                                        significant income and may not keep pace with
                                                                      inflation.
                                                                  -   A dynamic or an equity investment strategy may allow
Item 7: Types of Clients                                              you to maximize returns over time, but require you to
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