Vergent Asset Management LLP

FEES AND COMPENSATION

DESCRIPTION
Vergent bases its fees on a percentage of assets under management. All client contracts will include a fee
schedule agreed to by the client and Vergent. Clients with different mandates may have a different fee
schedule. Performance fees may be applicable at the fund level or at the client account level and are in
accordance with the written agreement between Vergent and the client.
Fees are negotiable, but may be subject to contractual restrictions on Vergent from existing clients.

Firm Brochure                                                                                                6

 VERGENT ASSET MANAGEMENT LLP

FEE BILLING
Investment management fees are typically billed quarterly, in arrears. In a limited number of cases, clients
are billed in advance. Payment in full is expected within 30 days of receipt of the invoice. Fees may be
deducted from a managed client’s account if the client has provided written instruction to their custodian
to accept invoices directly from Vergent.
Private investment funds for which Vergent acts as sub-advisor and for the Vergent Funds there are
management fees and may be performance fees which will be deducted from the assets in the fund, these
fees are disclosed in the fund’s PPM.

OTHER FEES
Custodians may charge transaction fees on purchases or sales of certain securities    Transactions are also
subject to normal brokerage commissions.

PAST DUE ACCOUNTS
Vergent reserves the right to charge interest on overdue accounts at a rate of 2% per month (24% per
annum).

TYPES OF CLIENTS

DESCRIPTION
Vergent provides asset management services to various client types, including, but not limited to pension
and profit-sharing plans, trusts and endowments, financial institutions, charitable organizations,
corporations, sovereign wealth funds, or business entities. Vergent may also provide investment advice to
comingled investment vehicles, including the Vergent Funds. These investment vehicles issue units, shares
or interests in comingled investment vehicles to investors, and the units, shares or interests are not offered
for sale by way of a prospectus.
Client relationships vary in scope and length of service.

ACCOUNT MINIMUMS
Generally,     for    separately      managed      accounts,       the    minimum      investment is
$25 million, which minimum may be reduced or waived by Vergent. Minimum investment amounts for the
Vergent Funds are disclosed in their offering documents. There is no minimum annual fee charged.

METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS