Daiwa Asset Management (America) Ltd. (DAMA) manages Japanese investment funds that invest primarily in companies listed on Latin American exchanges. DAMA's services are tailored to parameters specified by Daiwa Asset Management Co. Ltd. (DAM). DAMA may invest in initial public offerings (IPOs).
DAMA's fees are paid by DAM, which collects fees from the Investment Funds. The fees consist of a flat rate ranging between 0.56% and 2.2275% and 0.56% on assets up to a specified level with fees ranging as low as 0.46% on assets above a specified level. The fees are for investment management only and do not include custodial or transaction fees.