LMCG Investments LLC

Item 5 - Fees and Compensation

We generally set standard fee schedules for our strategies. Fees may be negotiable based upon
factors including services required, size of assets to be managed, product type (including investment
discipline and the medium for delivering our advisory services, i.e., separate account, pooled structure,
etc.), investment capacity, and size of the overall relationship.

Generally, we are compensated by our clients based on assets under management computed and
payable quarterly. Fees are calculated each quarter and one fourth of the annual amount is billed in
arrears, unless the client and we agree to another arrangement. Clients may elect to be billed directly
for fees or to authorize us to directly debit fees from client accounts.

Fees for Separately Managed Accounts

Strategy                           Standard Fee Range
U.S. Core Strategies               0.40% - 1.00%
Global Equity/Global Balanced      0.45% - 1.30% (includes solicitation and custody fees where applicable)
Fixed Income Strategies            0.20% - 0.80% (includes solicitation and custody fee where applicable)
Relative Value Credit Strategies   0.50% - 0.90%, plus a 10% - 20% performance fee where applicable

Our investment management fees are exclusive of brokerage commissions, transaction fees, and other
related costs which are incurred by the client. Clients may incur and be responsible for payment of
other charges imposed by custodians, brokers, and other third parties such as fees charged by any
other client-engaged advisors, custodial fees, 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.

Fees for Mutual Funds

Our fees for services as a mutual fund sub-adviser are negotiated with, and compensated by, each
fund. Our fees are charged in a manner similar to separately managed accounts or paid directly by
financial intermediaries. Mutual funds and ETFs also charge internal management fees, which are
disclosed in a prospectus. Such charges, fees, and commissions are exclusive of and in addition to
our fees, and we do not receive any portion of these commissions, fees, and costs.

Fees for Private Funds

The investment management fees we charge to our private fund Serenitas Credit Gamma Master
Fund, LP, or to investors in its feeder funds, and other fees and expenses borne by this fund and
those investors, are disclosed in detail in the feeder funds’ offering documents and summarized as
follows:

The management fee applicable to the feeder funds’ Series A interests, Series B interests and Series
D interests is 1.5%, 1% and 1.25% per annum, respectively, based on the master fund’s net asset
value. Series C interests, held only by our employees and their family members, do not bear a
management fee.

Performance Fee: The performance fee applicable to Series A interests, Series B and Series D
interests is 20%, 10% and 20% of net new income, respectively, typically payable annually in arrears.
Series C interests do not bear a performance fee.
6                                                                              FORM ADV PART 2A BROCHURE – April 9, 2026

The investment management fees we charge to our private fund Serenitas Dynamic Alpha Master
Fund, LP, or to investors in its feeder funds, and other fees and expenses borne by this fund and
those investors, are disclosed in detail in the feeder funds’ offering documents and summarized as
follows:

Currently the feeder funds’ Series B interests are available to prospective investors and Series C
interests are available only to our employees and their family members; the management fee
applicable to Series S interests and Series B interests is 1% and 1.5% per annum, respectively, based
on the master fund’s net asset value. Series C interests do not bear a management fee.

Performance Fee: The performance fee applicable to Series S interests and Series B interests is 10%
and 20% of net new income, respectively, typically payable annually in arrears. Series C interests do
not bear a performance fee.

In addition to the fees described above, these funds or those investors also bear the funds’
transaction, operating and extraordinary expenses, and taxes imposed on them. We have agreed to
bear ourselves the aggregate amount of certain operating expenses that exceed a capped amount
borne by these funds or those investors.

Fees for Model Portfolio Accounts

For model portfolio accounts, we are paid at negotiated rates by the Model Clients that receive our
model portfolios.

Additional Fee Details

In certain situations, we may generate more revenue from one client relationship than another
depending on size of assets or fee structure, including our opportunity to realize additional revenue
from performance fees. In order to reduce potential conflicts of interest, we do not give preferential
treatment to accounts with a performance-based fee arrangement. To ensure fairness to all clients,
we have adopted certain policies and follow certain procedures that are designed to prevent favoring
one account over another. These procedures include side-by-side management controls, trade
aggregation, and trade allocation procedures.

We may manage funds for clients in a variety of investment styles including, but not limited to,
equity, balanced, and fixed income. Clients for whom we provide services in multiple styles may pay
fees based upon an overall fee schedule for all styles/accounts or may pay fees at different levels for
each account or investment discipline.
We may charge a flat fee for accounts where the account type, services provided, size of assets, or
similar factors indicate that a flat fee is appropriate. In addition, for accounts under a certain size, a
minimum fee may be charged based on the specific type of account. See Item 7 for additional
information about minimum account sizes.
...

Item 7 - Types of Clients
We provide investment advice to taxable, non-taxable, foreign and domestic clients. Such clients
generally include individuals, high net worth individuals, trusts, corporate pension and profit-sharing
plans, charitable institutions, foundations, endowments, public employee retirement systems,
registered mutual funds, private investment funds, and other U.S. and international institutions. The
vast majority of these arrangements are discretionary in which we select the investments and trade
on the client’s behalf without prior consultation with the client. We also participate in a limited
number of model portfolio programs in which we provide a model portfolio to Model Clients but do
not exercise investment discretion.

9                                                                        FORM ADV PART 2A BROCHURE – April 9, 2026

Our minimum account sizes, subject to account characteristics and client service requirements, are:

     Equity separately managed institutional accounts                $ 3.0 million
     High net worth individual accounts                              $ 1.5 million
     Fixed income individual accounts                                $ 0.5 million
     Private Investment Management individual equity accounts*       $ 0.5 million

Minimums may be waived depending on the proposed account size, style, other relationships, and
other factors.

* Our Global MultiCap, Global MultiCap ETF, Diversified Equity, and Core Bond ETF Strategies are
also available through the model portfolio programs described under Item 4 – Additional Advisory
Services.