Samsung Asset Management New York Inc

Item 5 – Fees and Compensation

Management fees are subject to negotiation. SAMNY generally charges a management fee to
client accounts in the range of 0.05% to 0. 315% per annum.

Fee Calculation and Payment. Subject to negotiation, fees are calculated based on a
percentage of the market value of assets or historical cost (or book value) under
management and is payable quarterly in arrears at the end of each quarter. However, actual
fees charged are negotiable and may fall either within or outside such range, depending upon
a variety of factors including the type of client, the particular strategy being employed, the
size of the account, the relationship with the client, and the amount of servicing required.
There is an additional fixed fee charge for investment research, as requested. The specific
manner in which fees are charged by SAMNY is established in the client’s written agreement
with SAMNY.

Termination. Investment management agreements are terminable by either party as
negotiated. In the case of any termination, any earned and unpaid management fees will be
determined on a pro rata basis through the date of termination.

Other Fees and Expenses

SAMNY’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses, which shall be incurred by the client. The client incurs charges imposed
by custodians, brokers, and other third-parties. Such fees may include, but are not limited
to, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, management fees, and other fees and taxes on brokerage accounts
and securities transactions. Mutual funds and exchange traded funds (currently not part of
SAMNY’s strategy) also charge internal management fees, which would be in addition to
SAMNY’s management fees, and have additional costs, which are disclosed in the fund’s
prospectus.

Such charges, fees, and commissions are exclusive of and in addition to SAMNY’s
management fee, and SAMNY does not receive any portion of these additional commissions,
fees, and costs. SAMNY and SAMNY’s supervised persons do not receive compensation for
the sale of securities or other investment products (other than its management and research
fee described above).

Please see Item 12 for further description on the factors that SAMNY considers in selecting
or recommending broker-dealers for client transactions and determining the
reasonableness of their compensation (e.g., commission rates).

Item 7 – Types of Clients

SAMNY provides investment advisory services on a discretionary basis to institutional
clients. The terms of each account or sub-account are subject to negotiation, including
account minimums.