Management Fees

1.00%

on first $300,000 of assets under management

0.75%

on next $700,000

0.50%

on next $2,000,000

0.25%

on balance

We do not offer performance-based fee arrangements. Our management fees are typically billed directly to the portfolio on a quarterly basis in advance, based on the market value of assets at the beginning of the quarter.

The client is responsible for both brokerage commissions and custodial fees. We typically execute trades in large blocks, which, in addition to our low turnover rates, keep aggregate brokerage commissions at low levels.

Other than our management fees, the brokers’ commissions and custodial fees, there are no other fees related to our services.

O Canada! We Invest in Thee.
Let’s Talk.

Canada is a well-governed,resource-rich country full of entrepreneurial spirit. Its deep financial markets have been a great place to invest.

Independent for 30 years and managing total assets of over $ 30 billion, Letko Brosseau has provided clients consistent outperformance with investments in Canada and around the world. We take a long-term view based on fundamental research, economic analysis, and the deep industry expertise of our talented team.

Also managing Balanced, Global Equity, Emerging Markets Equity & Fixed Income.

O Canada! We Invest in Thee.

7.2

$

Billion Canadian equity composite

14.3

%

Annualized returns over 22 years, and

5.8

%

Annualized benchmark outperformance

Performance results referenced above are annualized and presented in Canadian dollars gross of fees for the Letko Brosseau Canadian Equity Composite. This $7.2
billion composite includes all discretionary Canadian equity mandates with asset mix targets for fixed income securities of less than 10%. The benchmark since
inception on October 1, 1995 is 2% FTSE TMX 91 day T-bill Total Return Index and 98% S&P/TSX Composite Total Return Capped Index. Past performance does not
guarantee future results.

*Peer comparison universe is the RBC Investor & Treasury Services Canadian Equity Funds Active Equally Weighted Universe, dated December 31, 2017.