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Discounted Fee for Households with AUM Above R50 Million.

Households with a total AUM exceeding R50 million held with PMX may qualify for preferential pricing (discounted fees). The applicable fee is determined using a sliding fee scale calculator.

Discounted fee for households that has substantial assets with PMX: Households that exceed the defined AUM threshold of R50 million held with PMX may qualify for preferential pricing (discounted fees). The applicable rate is determined using a sliding fee scale calculator.

B1 funds eligibility criteria for clients that has substantial assets with PMX: Where a household qualifies for a 0.00% fee rate, they are eligible to invest in B1 funds.

Approval Process: All large client discounts are subject to a negotiation and approval process led by top management. No discounted pricing may be implemented without formal approval.

Implementation in Wex: This is implemented in WEx by applying a fee override at the account level for the discounted fee amount. The applicable PMX fee is then charged at platform not in the fund.

Audit review: Assessments are conducted on a quarterly basis to determine whether any households qualify for adjusted pricing.

THIS IS FOR INTERNAL USE ONLY AND NONE OF THE ABOVE INFO SHOULD BE SHARED DIRECTLY