Nordea Investment Management North America Inc

Item 5: Fees and Compensation

General
We receive management fees for our investment advisory services, which may be based upon
an agreed percentage of asset under management or a negotiated fixed fee. NIMNAI may, but
typically does not charge a performance-based fee to clients. Performance-based fees are
typically negotiated for strategies in the Multi-Assets boutique but can be charged on other
strategies. If performance fees are charged, such fees are intended to comply with the
requirements of the applicable NIMNAI’s investment advisory agreement and Rule 205-3
under the Advisers Act.

NIMNAI imposes investment minimums on certain types of accounts. Existing clients may
have different fee arrangements from those stated below, and actual rates are negotiable per
client. Fees vary depending on the type of investment strategy pursued. Below are the standard
fees generally provided to prospective clients:

        Strategy name                                                      AMC
        Alpha Solutions (Alpha 7, 10, 15 MA)                               1.20%
        Asian Sustainable Stars Equity                                     0.75%
        Balanced Income                                                    0.65%
        BetaPlus Advantage Emerging Markets Equity Strategy                0.70%
        BetaPlus Advantage Global Dividend Equity Strategy                 0.70%
        BetaPlus Edge Global Developed Sustainable Equity                  0.15%
        BetaPlus Enhanced Emerging Market Sustainable Equity               0.30%
        BetaPlus Enhanced Emerging Markets Equity                          0.25%
        BetaPlus Enhanced Emerging Markets ex-China Low                    0.30%
        Carbon Equity
        BetaPlus Enhanced European Equity                                  0.15%
        BetaPlus Enhanced European Sustainable Equity                      0.15%
        BetaPlus Enhanced Global Climate Change Equity                     0.20%
        BetaPlus Enhanced Global Developed Constrained Equity              0.15%
        BetaPlus Enhanced Global Developed Decarbonization                 0.20%
        Equity
        BetaPlus Enhanced Global Developed Equity                          0.15%
        BetaPlus Enhanced Global Developed Sustainable Equity              0.15%
        BetaPlus Enhanced Global Equity                                    0.15%
        BetaPlus Enhanced Global Small Cap Equity                          0.19%
        BetaPlus Enhanced Global Small Cap Sustainable Equity              0.30%
        BetaPlus Enhanced Global Sustainable Equity                        0.20%
        BetaPlus Enhanced Japanese Equity                                  0.15%
        BetaPlus Enhanced Japanese Responsible Equity                      0.15%
        BetaPlus Enhanced North American Equity                            0.15%
        BetaPlus Enhanced North American Sustainable Equity                0.20%
        Emerging ex China Sustainable Stars Equity                         0.75%
        Emerging Sustainable Stars Equity                                  0.75%

NIMNAI – Form ADV Part 2A                                                          Page 8 of 39

         European Covered Bond                                                 0.30%
         European Sustainable Stars Equity                                     0.75%
         Flexible Fixed Income                                                 0.40%
         Global Climate and Environment                                        0.75%
         Global Climate Focus                                                  0.75%
         Global Climate Transition Engagement                                  0.75%
         Global Disruption                                                     0.75%
         Global Diversity Engagement                                           0.75%
         Global Impact                                                         0.75%
         Global Social Empowerment                                             0.75%
         Global Social Solutions                                               0.75%
         Global Stable Equity                                                  0.85%
         Global Sustainable Stars Equity                                       0.75%
         North American Sustainable Stars Equity                               0.75%
         Stable Emerging Markets Equity                                        1.00%
         Stable Return Diversified Growth                                      0.85%
         Technology (Enhanced Index)                                           0.15%
         Transitioning Titans                                                  0.75%

Payment Mechanics
Management fees are generally invoiced or deducted from client accounts on a quarterly or
monthly basis, in arrears, based upon an agreed upon percentage of assets under management.
Performance-based fees, if any, are normally invoiced on an annual basis in arrears. Fees are
payable within 30 days of the client’s receipt of the invoice.

Clients may also elect to have us send an invoice to the custodian on the account. NIMNAI
does not select account custodians on behalf of separately managed accounts. Clients are
responsible for charges imposed by custodians, such as custodial fees. The custodian is not
responsible for validating or checking our fee or calculation. The custodian will deduct the
invoiced fee from the client’s account or, if a client has more than one account, from the
account(s) the client has designated to pay our advisory fees. Each month, the client will receive
a statement directly from the custodian showing all transactions, positions, and credits or debits
into or from each custody account; the statements clients receive at quarter-end will reflect
these transactions as well, including the advisory fee paid by the client to us. Upon request, we
...

Item 7: Types of Clients
We provide investment advisory services to North American institutional clients, which may
include, but are not limited to:

    •   Banks or thrift institutions
    •   Investment companies
    •   Private and public retirement funds
    •   Unions
    •   Endowments
    •   Foundations
    •   Trusts
    •   Estates
    •   Charitable organizations
    •   Insurance companies
    •   Corporations
    •   Other business entities

NIMNAI currently serves as a sub-adviser to a registered investment company. In addition,
while we do not do so currently, we may in the future participate in selected wrap account
programs.

In general, NIMNAI’s minimum initial investment is $100 million. Exceptions can be made
on a case-by-case basis in our sole discretion

NIMNAI – Form ADV Part 2A                                                    Page 12 of 39