JOHCM USA Inc

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 outperform 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 and                 .75%                             .625%
     Waste

Emerging Markets Equities
-    Global Emerging Markets                      .75%                             .675%
     Opportunities

-   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
applicable index calculated on a geometric basis, less any underperformance carry forward.
Where JOHCM USA provides Model Delivery services to Program Sponsors, JOHCM USA 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.
JOHCM USA offers other strategies, which are only available in pooled vehicles, including those
sub-advised by its affiliates Barrow Hanley, TSW, and Trillium. Fees for pooled vehicles are
included in the offering memorandum or the fund prospectus as applicable.
JOHCM USA does not charge or receive compensation in connection with the sale of
securities/private funds/mutual funds/or other investment products. However, certain of our
employees accept compensation (also referred to as “commissions”) for the sale of
securities/private funds/mutual funds/or other investment products. Accepting commissions gives
rise to a conflict of interest in that it may give our employees an incentive to recommend
investment products based on the compensation they will receive, rather than solely on a client’s
needs. JOHCM USA has policies and procedures in place to address the suitability of a product for
each client prior to sale.

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. JOHCM USA 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 as discussed above, also bear other fees and expenses, including their
proportional percentage of administration, audit and legal expenses.

Item 7 – Types of Clients
JOHCM USA seeks to provide 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 offer 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.