LES Placements Louisbourg Inc Louisbourg Investments Inc

ITEM 5: FEES AND COMPENSATION

Compensation for Services

Louisbourg Investments Inc.
Form ADV Part 2A                                                                    March 20, 2026

Investment management fees are calculated monthly on the market value of the assets under
management in clients’ accounts at month end and are payable quarterly in arrears. The total
amount of fees charged is divided proportionally between accounts. For certain accounts,
advisory fees are deducted directly from the client’s account.

For all types of clients, the annual management fee rate may be negotiable in certain cases
depending upon the amount of a client’s assets under management.

Private Wealth Clients

The applicable fees are calculated based on the following annual rates:

 Market Value of Assets Under Management                           Annual Rate
              First $ 1 million                                      1.35%
              Next $2 million                                        1.00%
           Excess over $3 million                                    0.75%

If the total market value of the assets under management in a client’s account is less than $1
million, the annual fee is 1.75% on the first $250,000 and 1.50% on the excess over $250,000.

Institutional Clients

Institutional clients are generally charged an annual fee rate ranging between 0.075% and
1.75%. Certain institutional clients that have significantly more assets under management may
be charged at a fee rate on the lower end of this range. Another factor is the investment
strategy of the client’s mandate with fixed-income strategies generally having a lower fee rate
than equity strategies. Clients that seek to replicate an index may also have an advisory fee rate
that is lower than other clients that are seeking a more actively-managed strategy.

Third-Party Fees

Clients are responsible for the payment of all third-party fees, which may include custodian
fees, brokerage and transaction fees, charges imposed directly by a mutual fund, index fund, or
exchange traded fund, certain deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
securities transactions. Those fees are separate and distinct from the fees and expenses
charged by the Firm.

With respect to investments in ETFs and other pooled investment vehicles, it is important for
clients to understand that, in such cases, they are directly and indirectly paying two levels of
advisory fees: one layer of fees and expenses at the fund level and one layer of advisory fees to

Louisbourg Investments Inc.
Form ADV Part 2A                                                                    March 20, 2026

the Firm. It may be possible to purchase such investments directly, without using the services of
the Firm and without incurring our advisory fees.
Prepayment of Fees

The Firm does not charge any advisory fees in advance.

Outside Compensation

Neither the Firm nor its supervised persons accept any compensation for the sale of
securities or other investment products.

ITEM 7: TYPES OF CLIENTS

The Firm offers investment advisory services to private funds, individuals, family offices,
endowments and foundations, pensions, and insurers. The Firm has no minimum account size.