Fees for investment supervisory services to Pooled Investment Vehicles generally range from 0.02% to 0.55% (0.05% to 0.37% for current sub-advised Pooled Investment Vehicles) for U.S. vehicles and 0.03% to 1.25% (0.20% to 0.87% for current sub-advised non-U.S. Pooled Investment Vehicles), plus, in certain cases, a performance-based fee for non-U.S. vehicles. Fees are negotiable and may vary based on discussions with the governing bodies or managers of such Pooled Investment Vehicles.