Numeric Investors LLC

ITEM 5: FEES AND COMPENSATION
Fee Structures
Numeric offers fee structures that are based on assets under management, investment performance,
a combination of both, or assets under advisement. Performance-based fees, if applicable, will be
charged in compliance with Rule 205-3 of the Investment Advisers Act of 1940, as amended (the
“Advisers Act”).

Numeric’s minimum portfolio size for Separate Accounts is generally $50 million, depending on
the strategy, although Numeric will accept smaller portfolios at its discretion.
As permitted, Numeric or its affiliates may from time to time in their sole discretion and out of
their own resources decide to rebate part or all of the management and/or performance fees, and/or
distribution fees to some or all investors or to intermediaries. Numeric or affiliates may pay a

Numeric Investors LLC                                 Part 2A of Form ADV as of March 31, 2026

portion of their fees to distributors or intermediaries of the Funds. Numeric’s fees and
compensation will be shared from time to time with its affiliates.
Affiliated exchange traded funds (“ETFs”) pay a unitary advisory fee to Numeric’s affiliate which
serves as the investment adviser to cover all expenses of the ETF including Numeric’s
management fee, but excluding interest expenses, acquired fund fees and expenses, taxes, trading
fees, brokerage expenses, distribution fees or expenses (if any), litigation expenses and other non-
routine or extraordinary expenses, as further described in the ETF’s Prospectus and Statement of
Additional Information. Certain affiliated UCITS Funds pay an administration fee to the non-U.S.
manager of the UCITS Funds which is an affiliate of Numeric (the “Manager”) of 0.30% per
annum of the average net asset value payable monthly in arrears. The administration fee is used
to pay the services of the administrator and administrative support services of the Manager as
further described in the UCITS Funds’ prospectus.
Certain non-U.S. share classes of certain Funds may be subject to an up-front sales charge of up
to 5% of the initial amount invested payable to an affiliate of Numeric, as further described in the
Funds’ governing documents. The sales charge may be paid entirely or partially to intermediaries
or other persons. Certain non-U.S. share classes in the Funds may be subject to distribution fees
which generally range from 0.75% to 1.25% per annum of the net asset value paid monthly, which
may be used for distribution and sales costs of the shares, including payments to affiliated and/or
unaffiliated distributors. Schedules of fees and performance-based fees are set forth in the
governing documents for each of the Funds, which should be consulted by any prospective investor
to determine the applicable level of fees or allocations, when fees are paid, and any conditions on
redemptions from the Funds.

Standard Fee Schedules
A fee schedule is omitted because this Brochure is being delivered only to qualified purchasers,
as defined in section 2(a)(51)(A) of the Investment Company Act.

Numeric does not have a standardized fee schedule. The Private Funds have different share classes
which may have different fee schedules. Fees for Separate Account clients and Private Funds are
negotiable and may be waived depending upon a variety of factors, including, among other things,
type and extent of advisory services offered, amount of assets under management, the overall
relationship with the Separate Account client or Private Fund investor, and other services offered
to the Separate Account client or Private Fund investor.
Numeric generally receives an annual management fee or fixed fee in a range of up to 1.75% of a
Separate Account or Private Fund’s assets under management, payable monthly, quarterly or semi-
annually in arrears. Fees vary by Fund and by class. In certain instances, Numeric receives
incentive or performance-based compensation of up to 33% of net profits, realized and unrealized,
typically payable or allocated annually but sometimes payable or allocable semi-annually,
quarterly or monthly in arrears. The incentive or performance-based fees may be subject to a high
water mark or in some cases, a hurdle rate which is typically based upon a specified interest rate.
Payment of Fees
Management fees accruing to Numeric as investment manager of a Separate Account are payable
on a quarterly basis in arrears on the first day of the subsequent quarter. Management fees accruing
to Numeric as investment manager of a Private Fund are payable on a monthly or as otherwise

Numeric Investors LLC                                  Part 2A of Form ADV as of March 31, 2026

agreed basis in arrears and calculated based on the value of the Private Fund’s portfolio at the time
of measurement. For Separate Accounts, fees are calculated on the basis of the portfolio’s value
on the last day of that quarter, the average of the portfolio’s value at the end of each of the three
months in the quarter, the portfolio’s daily value or as otherwise agreed with the Separate Account.

With respect to Separate Account clients, performance fees are typically paid on the first
anniversary of a client’s investment and annually thereafter, usually on a quarter end date. In some
cases, performance fees are payable on the date of any withdrawal of capital by the client and on
the termination of the client’s investment.

Performance fees accrued by a Private Fund are deducted or allocated directly from each Private
Fund and paid or allocated to Numeric unless otherwise negotiated. When a Private Fund
structured as a limited partnership provides for performance-based compensation, such
compensation is paid by the partnership in the form of special profit allocations to Numeric,
through an affiliated general partner. Performance compensation is measured over historical
periods of one- to three-year periods, although in some cases a longer period may be used. Each
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ITEM 7: TYPES OF CLIENTS
Numeric provides investment advisory services for U.S. and non-U.S. taxable and tax-exempt
clients. Numeric provides investment advisory services to institutions that invest through Separate
Accounts and to Private Funds sponsored by Numeric. Numeric generally provides portfolio
management services to corporate pension and profit-sharing plans, insurance companies, state
and municipal government entities, pooled investment vehicles including registered investment
companies, exchange traded funds and sovereign wealth funds, Numeric may also provide model
portfolio services to these same types of clients.

Numeric’s account minimum for a Separate Account is generally $50 million, depending upon the
strategy. Termination rights with respect to each Separate Account are set forth in the investment
management agreement for each Separate Account.

The securities of the Private Funds are not registered under the Securities Act of 1933. In addition,
the Private Funds are not registered under the Investment Company Act and may or may not be
continuously offered. Investments in the Private Funds may be subject to certain qualifications and
a minimum investment requirement which under certain conditions may be waived as set forth in
the Private Fund’s offering memorandum. Minimums may be waived in the discretion of Numeric
and generally are waived for Insiders as defined in Item 5.