Brian Bedernyak

Letko, Brosseau & Associates Inc. (LBA) charges a fee based on a percentage of the assets they manage. The fee schedule varies depending on the type of investment and whether you are a U.S. or non-U.S. client. Here's a summary of the fee schedules for U.S. clients:

General (Balanced, Global Balanced, etc.):

• 1.00% on the first US $300,000
• 0.75% on the next US $700,000
• 0.50% on the next US $2,000,000
• 0.25% on the balance

Emerging Markets Equity:

• 1.00% on the first US $300,000
• 0.75% on the next US $24,700,000
• 0.60% on the next US $35,000,000
• 0.50% on the next US $40,000,000
• 0.40% on the balance

Canadian Equity:

• 1.00% on the first US $300,000
• 0.75% on the next US $700,000
• 0.50% on the next US $2,000,000
• 0.30% on the balance

Infrastructure Equity:

• 1.00% on the first US $500,000
• 0.75% on the next US $1,500,000
• 0.50% on the next US $4,000,000
• 0.40% on the balance

These fees may be negotiable in certain circumstances. Portfolios of family members and personal acquaintances of LBA may be managed at a discounted rate.