Discretionary mandates for Mexican equity and debt market universe

Investment strategy determined by the Investor Profile

A base fee, accrued daily at the anual rate of 1.00%, subject to a performance fee adjustment which increases or decreases the cost depending upon how well the account has performed relative to the Mexbol's Index 12-month rolling average.

The performance fee adjustment will be calculated using a monthly adjustment rate based upon the Fund's relative performance to the Index.