Oxford Asset Management LLP

Item 5 - Fees and Compensation

Compensation for Advisory Services

The Firm charges the Fund an advisory fee of 2% per annum payable on a monthly basis. In
addition, the Firm charges the Fund an annual performance-based incentive fee of 20% of net
capital appreciation, subject to a high water mark mechanism. Both advisory and incentive fees
are deducted in arrears from the assets of the Fund. These fees are not negotiable and are
described in more detail in the Information Memorandum. The Information Memorandum provides
that fees are not payable by OxFORD’s Partners (both active and non-active), employees, and
related parties.

Other Fees and Expenses

The Fund bears all of its own operating expenses, including all direct expenses of the Fund such
as: directors’ fees (including out-of-pocket expenses); legal fees and expenses; insurance
premiums (including directors’ and officers’ insurance); professional fees (including expenses for,
and of, consultants, experts and data providers, whether paid directly or by way of profit share or
otherwise); accounting expenses; auditing and tax preparation expenses; administrative costs;
the costs associated with third party position and accounting keeping systems; costs of datasets
(including, without limitation price data, and data relating to markets, indices, products, financial
instruments, companies and other entities, governments and economic data and statistics);
research (including, without limitation, research analysis and opinion from industry experts,
research consultants or expert networks, whether generally available or bespoke); and in the case
of datasets and research, the costs of directly related infrastructure; costs associated with
obtaining corporate access; costs of maintaining a registered office; filing fees and registration
fees; fees for authorisations and permits and taxes (including regulatory compliance fees); trade
depository fees; class action expenses (meaning fees and expenses incurred in participating in
any class action litigation, including the costs of any consultants or other outside vendors retained
to assist with the filing of class action notices on behalf of the Fund); out-of-pocket expenses and
extraordinary expenses; execution technology and algorithms; and investment expenses (such as
brokerage commissions, expenses relating to short sales, financing expenses, clearing and
settlement charges, trade depository fees, custodial fees, bank service fees, taxes and interest
expenses). See Item 12 – Brokerage Practices, for additional information regarding brokerage.

In accordance with the requirements of Commission Delegated Directive (EU) 2017/593 (MiFID
II), the Firm has put in place a Research Payment Account Policy (RPA Policy), which sets out the
arrangements for the payment of costs and expenses relating to ‘Research’ (as defined in Recital
28 of MiFID II) by the Fund. The Firm and the Fund agree an annual budget for Research, which
may be updated by further agreement with the Fund from time to time. The RPA is funded by a
Research charge, which is collected from the Fund’s assets in accordance with the RPA Policy.
More detailed information about the operation and funding of the RPA is set out in the Information
Memorandum. Other research costs and expenses, that do not fall within the definition of
Research, are borne by the Fund, as set out above in this Item 5.

Each of the Feeder Funds has certain ongoing administrative and other costs and expenses, such
as directors’ fees in the case of the Non-US Feeder Fund and manager service fees in the case
of the US Feeder Fund; annual fees for registration with CIMA (in the case of the Non-US Feeder

OxFORD Asset Management LLP                                               SEC Form ADV Part 2A

Fund); legal fees and expenses; insurance premiums (including directors’ and officers’ insurance);
professional fees (including expenses for, and of, consultants and experts); accounting expenses;
auditing and tax preparation expenses; administration costs; costs of maintaining a registered
office; filing fees; registration fees; fees for authorisations and permits and taxes (including
regulatory compliance fees); trade depository fees; out-of-pocket expenses and extraordinary
expenses. All such costs and expenses are intended to be paid or borne by the Fund as a general
expense of the Fund (and not by a specific Feeder Fund); except that: (i) each Feeder Fund will
bear its own costs and expenses for manager service fees or directors’ fees (as applicable); and
(ii) the Fund expects to allocate the cost of the US withholding tax paid on dividends and certain
other “US source payments” to the Non-US Feeder Fund but not to the US Feeder Fund itself as
it is not subject to any US withholding tax (which can be substantial in amount). If any fees or
expenses are charged at the Feeder Fund level, corresponding fees are not additionally charged
at the Fund level, and vice versa, so there is no “layering” of fees.

Certain trading activities generate rebates from the exchanges on which such trading takes place.
Such rebates are paid to the Fund.

The Firm does not charge commissions.

The Firm does not charge fees to the Fund in advance.

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

OxFORD Asset Management LLP                                              SEC Form ADV Part 2A

Item 7 - Types of Clients

The Fund

The Firm’s sole client, the Fund, is an open-ended limited liability investment company
incorporated as an exempted company under the laws of the Cayman Islands. The Fund offers
shares to both US persons and non-US persons (through its respective Feeder Funds). With
respect to US persons, shares may only be purchased by shareholders that qualify as: (i)
“accredited investors” as defined under Regulation D of the Securities Act of 1933, and (ii)
“qualified purchasers” as defined under Section 2(a)(51) of the Investment Company Act of 1940.
With respect to non-US persons, other suitability requirements apply, based on their jurisdiction.
Shareholders must also meet other suitability requirements. Investors in the Fund may include,
but are not limited to, pension plans (public and corporate), sovereign wealth funds, endowments,
foundations, banks, pooled investment vehicles (e.g. funds of funds), high net worth individuals,
trusts, estates or charitable organisations, and corporate or other business entities.

The minimum subscription is $5 million for US Dollar shares (or its equivalent in Pounds Sterling
with respect to Sterling shares or its equivalent in Euros with respect to Euro shares), although
the Fund’s board of directors may decide to accept subscriptions for lesser amounts.

OxFORD Asset Management LLP                                                  SEC Form ADV Part 2A