# WAIVED FEES AND REIMBURSED EXPENSES
The waived fees and/or reimbursed expenses represent amounts exceeding the total expense ratio caps of each Sub-Fund during the financial period. These amounts are reimbursed by the Investment Adviser to each relevant Sub-Fund when the actual total expense ratio of each class exceeds the following rates:
|  | Class A | Class AP | Class I | Class IP | Class Z | Class ZP | Service Class |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2 Degree Global Equity Fund | 1.20% | N/A | 0.65% | N/A | 0.65% | N/A | N/A |
| Alternative Risk Premia Fund | N/A | N/A | 0.70 | N/A | N/A | N/A | N/A |
| China A Focus Fund | 1.80 | N/A | 1.15 | N/A | 1.15 | N/A | N/A |
| Climate Transition Global Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |
| Emerging Markets Equity Fund | 2.20 | N/A | 1.45 | N/A | 1.45 | N/A | N/A |
| Emerging Markets Equity Income Fund | 2.15 | N/A | 1.40 | N/A | 1.40 | N/A | N/A |
| EUR Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |

2 Degree Global Equity Fund, Alternative Risk Premia Fund, China A Focus Fund, EUR Short Duration Credit Fund, Global Equity Enhanced Income Fund and USD Government Money Market Fund have not been authorised by the Hong Kong Securities and Futures Commission and are not available for investment by Hong Kong retail investors.
|  | Class A | Class AP | Class I | Class IP | Class Z | Class ZP | Service Class |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR Short Duration Credit Fund | 0.85% | N/A | 0.35% | N/A | 0.35% | N/A | N/A |
| Global Equity Fund | 1.90 | N/A | 1.15 | N/A | 1.15 | N/A | N/A |
| Global Equity Enhanced Income Fund | 1.40 | N/A | 0.70 | N/A | 0.70 | N/A | N/A |
| Global Factor Enhanced Equity Fund | 0.40 | N/A | 0.25 | N/A | 0.25 | N/A | N/A |
| Global Long/Short Equity Fund | N/A | 1.75% | N/A | 1.00% | N/A | 1.00% | N/A |
| Global Small Cap Equity Fund | N/A | N/A | 0.95 | N/A | N/A | N/A | N/A |
| Small Cap Innovation Fund | N/A | N/A | 0.95 | N/A | 0.95 | N/A | N/A |
| U.S. All Cap Growth Fund | 1.90 | N/A | 1.10 | N/A | 1.10 | N/A | N/A |
| U.S. Large Cap Growth Fund | 1.80 | N/A | 1.00 | N/A | 1.05 | N/A | N/A |
| U.S. Select Equity Fund | 2.20 | N/A | 1.40 | N/A | 1.40 | N/A | N/A |
| U.S. Short-Term High Yield Bond Fund | 1.60 | N/A | 0.80 | N/A | 0.90 | N/A | N/A |
| USD Government Money Market Fund | N/A | N/A | 0.20 | N/A | N/A | N/A | 0.45% |
| USD Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |

The total expense caps for Class X Shares and Class Y Shares are based on separate negotiated agreements.
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Translation (ENFR, 2021-09-30):
# COMMISSIONS NON APPLIQUÉES ET FRAIS REMBOURSÉS
Les commissions non appliquées et frais remboursés englobent les montants qui dépassent les plafonds du ratio de frais de chaque Compartiment au cours de la période. Ces montants sont remboursés par le Conseiller en investissement à chaque Compartiment concerné lorsque le TFE de celui-ci dépasse les taux définis ci-dessous :
|  | Catégorie A | Catégorie AP | Catégorie I | Catégorie IP | Catégorie Z | Catégorie ZP | Catégorie de service |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2 Degree Global Equity Fund | 1,20 % | S.O. | 0,65 % | S.O. | 0,65 % | S.O. | S.O. |
| Alternative Risk Premia Fund | S.O. | S.O. | 0,70 | S.O. | S.O. | S.O. | S.O. |
| China A Focus Fund | 1,80 | S.O. | 1,15 | S.O. | 1,15 | S.O. | S.O. |
| Climate Transition Global Investment Grade Credit Fund | 0,95 | S.O. | 0,45 | S.O. | 0,45 | S.O. | S.O. |
| Emerging Markets Equity Fund | 2,20 | S.O. | 1,45 | S.O. | 1,45 | S.O. | S.O. |
| Emerging Markets Equity Income Fund | 2,15 | S.O. | 1,40 | S.O. | 1,40 | S.O. | S.O. |
| EUR Investment Grade Credit Fund | 0,95 | S.O. | 0,45 | S.O. | 0,45 | S.O. | S.O. |

Les Compartiments 2 Degree Global Equity Fund, Alternative Risk Premia Fund, China A Focus Fund, EUR Short Duration Credit Fund, Global Equity Enhanced Income Fund et USD Government Money Market Fund ne sont pas autorisés par la Hong Kong Securities and Futures Commission et ne sont donc pas ouverts aux investisseurs particuliers résidents de Hong Kong.
|  | Catégorie A | Catégorie AP | Catégorie I | Catégorie IP | Catégorie Z | Catégorie ZP | Catégorie de service |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR Short Duration Credit Fund | 0,85 % | S.O. | 0,35 % | S.O. | 0,35 % | S.O. | S.O. |
| Global Equity Fund | 1,90 | S.O. | 1,15 | S.O. | 1,15 | S.O. | S.O. |
| Global Equity Enhanced Income Fund | 1,40 | S.O. | 0,70 | S.O. | 0,70 | S.O. | S.O. |
| Global Factor Enhanced Equity Fund | 0,40 | S.O. | 0,25 | S.O. | 0,25 | S.O. | S.O. |
| Global Long/Short Equity Fund | S.O. | 1,75 % | S.O. | 1,00 % | S.O. | 1,00 % | S.O. |
| Global Small Cap Equity Fund | S.O. | S.O. | 0,95 | S.O. | S.O. | S.O. | S.O. |
| Small Cap Innovation Fund | S.O. | S.O. | 0,95 | S.O. | 0,95 | S.O. | S.O. |
| U.S. All Cap Growth Fund | 1,90 | S.O. | 1,10 | S.O. | 1,10 | S.O. | S.O. |
| U.S. Large Cap Growth Fund | 1,80 | S.O. | 1,00 | S.O. | 1,05 | S.O. | S.O. |
| U.S. Select Equity Fund | 2,20 | S.O. | 1,40 | S.O. | 1,40 | S.O. | S.O. |
| U.S. Short-Term High Yield Bond Fund | 1,60 | S.O. | 0,80 | S.O. | 0,90 | S.O. | S.O. |
| USD Government Money Market Fund | S.O. | S.O. | 0,20 | S.O. | S.O. | S.O. | 0,45 % |
| USD Investment Grade Credit Fund | 0,95 | S.O. | 0,45 | S.O. | 0,45 | S.O. | S.O. |

Les plafonds des frais totaux pour les Actions de Catégorie X et les Actions de Catégorie Y sont fondés sur des contrats négociés distincts.
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