Investment adviser · CRD 133221

LETKO, BROSSEAU & ASSOCIATES INC.

Investment adviser filing (IA)

MONTREAL, QUEBEC, Canada · Form ADV filed Dec 22, 2025

Regulatory AUM: $18.8B
Client accounts: 2,186
Employees: 75
Advisory professionals: 36

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Retirement plans	91	$5,961,587,974	31.7%
Pooled investment vehicles	29	$4,967,764,498	26.4%
Corporations & businesses	379	$3,442,544,393	18.3%
High-net-worth individuals	571	$2,055,123,049	10.9%
Charities	90	$1,803,962,138	9.6%
Individuals	1,026	$599,512,223	3.2%

Filing source

Form ADV 2035299 · Dec 22, 2025 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

7 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

LETKO BROSSEAU EQUITY FUNDOther Private Fund · Last reported Dec 22, 2025$732MGross asset value

Form D fundraising filings

Letko Brosseau Equity Fund

Fund administrator RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PSB BOISJOLI MONTREAL, QUEBEC, Canada

Custodian RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RBC INVESTOR SERVICES TRUST
LEI 5493002MUOV04NSPT571

Fund details & source

Fund ID: 805-9893785115
Reported beneficial owners: 783
Minimum commitment: $0
Form D file number: 021-516418

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU RSP EQUITY FUNDOther Private Fund · Last reported Dec 22, 2025$590MGross asset value

Form D fundraising filings

Letko Brosseau RSP Equity Fund

Fund administrator RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PSB BOISJOLI MONTREAL, QUEBEC, Canada

Custodian RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RBC INVESTOR SERVICES TRUST
LEI 5493002MUOV04NSPT571

Fund details & source

Fund ID: 805-2629428073
Reported beneficial owners: 512
Minimum commitment: $0
Form D file number: 021-506784

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU RSP BALANCED FUNDOther Private Fund · Last reported Dec 22, 2025$324MGross asset value

Form D fundraising filings

Letko Brosseau RSP Balanced Fund

Fund administrator RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PSB BOISJOLI MONTREAL, QUEBEC, Canada

Custodian RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RBC INVESTOR SERVICES TRUST
LEI 5493002MUOV04NSPT571

Fund details & source

Fund ID: 805-3283335106
Reported beneficial owners: 708
Minimum commitment: $0
Form D file number: 021-506779

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU EMERGING MARKETS EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LPOther Private Fund · Last reported Dec 22, 2025$52.4MGross asset value

Form D fundraising filings

Letko Brosseau Emerging Markets Equity Fund (US), a series of Letko Brosseau US Funds LP

Fund administrator UMB BANK, N.A. KANSAS CITY, Missouri, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHEN & COMPANY, LTD. TOWSON, Maryland, United States

Custodian UMB BANK, N.A. KANSAS CITY, Missouri, United States Related to adviser: No

Marketer ARROW INVESTMENTS, INC. RYE BROOK, New York, United States Related to adviser: No

Marketer ARROW PARTNERS, INC. RYE BROOK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

COHEN & COMPANY, LTD.
PCAOB 925

UMB BANK, N.A.
LEI VNOO6EITDJ2YUEBMSZ83

ARROW INVESTMENTS, INC.
CRD 45936 · SEC 8-51250

ARROW PARTNERS, INC.
CRD 282416

Fund details & source

Fund ID: 805-4857408393
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-479989

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU RSP BOND FUNDOther Private Fund · Last reported Dec 22, 2025$38.7MGross asset value

Form D fundraising filings

Letko Brosseau RSP Bond Fund

Fund administrator RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PSB BOISJOLI MONTREAL, QUEBEC, Canada

Custodian RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RBC INVESTOR SERVICES TRUST
LEI 5493002MUOV04NSPT571

Fund details & source

Fund ID: 805-2742917905
Reported beneficial owners: 95
Minimum commitment: $0
Form D file number: 021-506776

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU ESG FOSSIL FUEL FREE GLOBAL EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LPOther Private Fund · Last reported Dec 22, 2025$24.2MGross asset value

Form D fundraising filings

Letko Brosseau ESG Fossil Fuel Free Global Equity Fund (US), a series of Letko Brosseau US Funds LP

Fund administrator UMB BANK, N.A. KANSAS CITY, Missouri, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHEN & COMPANY, LTD. TOWSON, Maryland, United States

Custodian UMB BANK, N.A. KANSAS CITY, Missouri, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHEN & COMPANY, LTD.
PCAOB 925

UMB BANK, N.A.
LEI VNOO6EITDJ2YUEBMSZ83

Fund details & source

Fund ID: 805-3513210193
Reported beneficial owners: 1
Minimum commitment: $0
Form D file number: 021-506785

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LETKO BROSSEAU EQUITY FUND - GLOBAL INVESTORSOther Private Fund · Last reported Dec 22, 2025$7.85MGross asset value

Fund administrator RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PSB BOISJOLI MONTREAL, QUEBEC, Canada

Custodian RBC INVESTOR SERVICES TRUST TORONTO, ONTARIO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RBC INVESTOR SERVICES TRUST
LEI 5493002MUOV04NSPT571

Fund details & source

Fund ID: 805-6989687012
Reported beneficial owners: 9
Minimum commitment: $0

Form ADV 2035299 · Dec 22, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Dec 22, 2025. View historical filings

Reported services

Financial planning · Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

1800 MCGILL COLLEGE AVENUE, SUITE 2510
MONTREAL, QUEBEC, H3A 3J6, Canada

CRD 133221

Filing source

Form ADV 2035299 · Dec 22, 2025 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.