The Renaissance Group LLC

Item 5 – Fees and Compensation
Standard Fee Schedules and Fee Calculation Methodology
Renaissance receives compensation for our investment advisory services through payments of fees made by
clients. The fees include all of our management fees. In addition, the client can incur additional fees and
expenses, which are not included in our management fee, such as:
•   Trade commissions for trade executions, a portion of which can be used as soft dollars, if
    approved by the client in their Investment Advisory Agreement;
•   Custodial fees;
•   ADR depositary service conversion fees; and,
•   Other fees or expenses that can be charged by their broker or custodian.
These additional fees are not Renaissance fees, nor are they received by Renaissance or its affiliates. Other
investment advisers’ fees may be higher or lower than the fees charged by Renaissance for comparable
services.

Fee Rates: The annual fee rates for new direct-managed accounts invested in our strategies are
included below. The fee schedules for any of our services can be modified at any time in accordance
with the terms and provisions of the client Investment Advisory Agreement.
                                               Balanced
                                           Large Cap Growth
                                       Large Cap Growth Relative
                                            Large Cap Value
                                            Midcap Growth
                                                 REIT

First $5 million                                                                             0.75%
Next $5 million                                                                              0.70%
Next $5 million                                                                              0.65%
Next $5 million                                                                              0.60%
Amounts over $20 million                                                                     0.55%
                                           Emerging Markets
                                        International Equity ADR
                                     International Small Cap Equity

First $5 million                                                                             0.75%
Next $5 million                                                                              0.70%
Next $5 million                                                                              0.65%
Next $5 million                                                                              0.60%
Amounts over $20 million                                                                     0.55%
                                           Small Cap Growth
                                         Small Cap Growth Focus

 All Amounts                                                                                 1.00%
                                              Fixed Income
                                         Fixed Income Domestic

 All Amounts                                                                                 0.50%
                                     Wealth Management Balanced
                                  Wealth Management Growth & Income

 All Amounts                                                                                 0.40%
 Fee Calculation: We compute the fees charged to clients as a percentage of the value of the assets
 under management. The fee is based on the asset value of the account at the end of each contractually
 agreed billing period. Our standard practice is to bill quarterly in advance unless otherwise
 contractually agreed upon by Renaissance and the client. We can request that the custodian directly
 deducts our fees from client custodial accounts on an ongoing basis, upon receipt of written consent
 from the client.

Fees are calculated based on Billing period, typically quarter-end market values including accruals.
The calculation uses exact days in each quarter/year.
Fees calculated in arrears uses the market value of the securities on the last day of the prior quarter
for billing. Example: 12/31/2024 market value is used for the 4Q 2024 billing.
Fees calculated in advance uses the market value of the securities on the last day of the prior quarter
as the basis for the next quarter billing. Example: 12/31/2024 market value is used for the 1Q 2025
billing.
Our standard practice is to invoice clients or their custodians for fees related to management of the client’s
portfolio(s) based on the billing period ending market value as of the last business day of the quarter. The
majority of invoices are generated by our internal portfolio system. However, based on the client’s contractual
instructions, some invoices are manually calculated by Renaissance associates after the portfolios have been
reconciled with the client’s custodial records. The fee calculation for direct-managed clients is included on the
invoice. All direct-managed clients receive a copy of their invoice unless they direct us otherwise in writing.
Clients receive detailed invoices showing asset values used, applicable rates, and billing methodology. Clients
are encouraged to compare invoices with custodial statements.
Additionally Renaissance conducts internal fee testing to confirm billing accuracy.
•   Pricing Securities: We price securities on a daily basis with prices received from a third-party
    pricing vendor. This pricing is used to calculate the market value of the security in a client’s
    account and the market value is used to calculate the fees for client invoices. Renaissance, on
    rare occasion, can be required to “fair value price” a liquid security when a market price for that
    security is not readily available or when we have reason to believe that the market price is
    unreliable. When “fair value pricing” a security, we use various sources of information available
...

Item 7 – Types of Clients
Renaissance provides portfolio management services to retail individuals, high net worth individuals, corporate
pension plans, 401(k) and profit-sharing plans, trusts, banks, Taft Hartley clients, public clients, charitable
institutions, foundations, endowments, municipalities, mutual funds, Wrap/SMA
programs, UMA programs, quasi-public clients, corporations, associates and their families, and other types of
accounts not listed here.

Minimum Account Size
Renaissance’s minimum account size is negotiable and will be determined at our sole discretion. We can set
the minimum depending on the specific strategy selected, the amount of client assets to be invested or any
additional support or service required by the client, the client’s consultant, program sponsor, etc.
In circumstances where we serve as an adviser within a Wrap/SMA or UMA fee program or are a sub- adviser
to a mutual fund, the account minimums are determined by our agreement with the relevant Wrap/SMA
Sponsor, UMA program Sponsor or mutual fund.