Individual Pooled Portfolios

(Including Royal Trust Custodial Fees)

1.00% per annum on the first $2,000,000
0.45% per annum on the next $8,000,000
0.35% per annum on the next $15,000,000
0.25% per annum on the balance over $25,000,000

Minimum investment for one or more funds: $1,000,000

Individual Segregated Portfolios

(Including combinations of individual securities and pooled funds - Does not include custodial fees)

1.00% per annum on the first $2,000,000
0.50% per annum on the next $8,000,000
0.35% per annum on the next $15,000,000
0.25% per annum on the balance over $25,000,000

Minimum fee: $20,000