American Depositary Receipts (ADRs) are negotiable securities issued by a bank that represent shares in a non-U.S. company. These can trade in the U.S. both on national exchanges and in the over-the-counter (OTC) market, are listed in U.S. dollars, and generally represent a number of non-U.S. shares to one ADR.

ADR agents issuing these shares may charge annual custodial or pass-through fees that generally run $0.01 to $0.03 per share. These service fees are intended to compensate banks or agents for providing custodial services and management of the ADR program.

These fees will appear on your statement as "ADR fees". Accounts will be charged the rate assessed by the custodian bank or ADR agent with a minimum charge of $0.01.

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