New England Asset Management Inc

Item 5 - Fees and Compensation
NEAM specifies its fees for investment services in a fee schedule within an IMA agreed upon by
each client. All fees are negotiable and vary to reflect specific client needs and services. Fees can
be subject to an annual minimum which varies based on the fee schedule and the amount of the
client’s assets under management, assets on the accounting system and/or analytic platform.
Unless otherwise indicated in this brochure, fees are quoted on an annualized basis.

Advisory Services
The standard advisory fees generally range up to 20 basis points of the market value of assets
managed for core fixed income institutional mandates.

The standard advisory fee schedules for all other strategies, based on market value of assets
managed, are as follows:

                                                                       Managed
    Asset Class     Strategy                                                                 Basis Points
                                                                       Assets
                                                                       First $25 million         35 bps
                    Preferred Securities
                                                                       Over $25 million          30 bps
    Fixed Income
                                                                       First $250 million       25 bps
                    Structured Products Yield Enhancement
                                                                       Over $250 million        20 bps
                    Dividend Select                                                             50 bps
    Equity          ETF                                                Greater than $0        Up to 20 bps
                    Focused Value Equity Management (FVEM)                                      50 bps
                    U.S. Opportunistic High Yield                                               50 bps
    High Yield      U.S. High Yield                                                             43 bps
                    Credit Opportunities                               Greater than $0          95 bps
    (sub-advised)
                    Bank Loan                                                                   50 bps
    Private
                    Private Placements                                 Greater than $0       Up to 30 bps1
    Placements

Enterprise Capital Strategy Services
Enterprise Capital Strategy services for managed assets are generally included in the overall asset
management fee. Any additional fees for Enterprise Capital Strategy services are determined
based on the level of complexity and scope of the assignment.

Capital and Risk Analytics (CARA®) Platform
Fees are inclusive of access to the CARA® platform for managed assets. Any additional fees are
subject to negotiation and are fully agreed to in writing for client’s unmanaged assets on the CARA ®
platform. The amount of the fee depends on the size of the portfolio, the nature of the unmanaged
assets, the frequency of data being loaded into the CARA® platform, and if NEAM provides
investment accounting services on the unmanaged assets.

Investment Accounting Services
The standard fee is 1 basis point on the market value of assets managed by NEAM and accounted
for, and 2 basis points on assets that are unmanaged but accounted for, and is, on occasion,
included in the overall asset management fee. The investment accounting services can also be
subject to a minimum annual fee which varies, based on the agreed upon fee schedule. Depending
on data quality and the date that investment accounting services begin, a one-time flat fee for
conversion of the investment data into NEAM’s accounting system may be charged.

Additional Fee Considerations

 NEAM pays a portion of the advisory fee to a third-party. This arrangement is specified in Item 14 of this
Brochure.

Form ADV Part 2A                           March 31, 2026                                             Page 6

NEAM’s fees are billed to clients one month in arrears of quarter end unless other billing cycle
terms are agreed to in writing with the client. NEAM sends quarterly invoices directly to clients for
payment of fees, based on the market value of the assets as of the close of business on the last
day of each month, unless other valuation terms are agreed to in writing with the client.

Accounts initiated or terminated during a calendar quarter are charged a prorated fee. Upon
termination of the IMA, since fees are billed in arrears, clients will not receive a refund of advisory
fees and any earned, unpaid fees will be due and payable. If the IMA is terminated prior to month
end, the fees for the final partial month are prorated and calculated based on the prior month end
valuation.

In addition to NEAM’s fees described above, clients will incur other costs and expenses related to
the investment of their accounts, including transaction charges, service provider fees, and fees and
expenses related to underlying fund investments, among others.

Transaction Charges
Clients will pay brokerage commissions for equity transactions. For fixed-income transactions,
there are no additional costs. See Item 12 for a further description of the brokerage practices,
including brokerage and other transactions costs.

Service Provider Expenses
Clients will pay the fees charged by the service providers to their accounts, including the fees
charged by the custodian, administrator, and any other service providers to their accounts.

Underlying Fund Expenses
If a client’s account is invested in a pooled investment vehicle (e.g., a mutual fund or ETF), a client
is subject to conditions or restrictions regarding the purchase or holding of fund shares, including
minimum purchase requirements and fees for redemption of shares within a specified period.
...

Item 7 - Types of Clients
NEAM provides investment management services primarily to insurance companies (affiliated and
unaffiliated with NEAM). NEAM also provides investment management services for government
entities, pension/profit sharing plans, pooled investment vehicles and a high net worth individual.