Amundi US Investment Advisors LLC

Fees and Compensation

The fees for providing investment management services to the RIA Client consist of a percentage
of the investment management fees and performance fees that the RIA Client receives with
respect to the applicable RIA Client portfolios that utilize the Adviser’s emerging markets equity
portfolio, billed quarterly in arrears.

The management agreements with the RIA Client generally provide that either party has the right
to terminate the agreement, without penalty, upon the giving of 30 calendar days’ written notice
to the other party following the initial term of the agreement.

The Adviser renders services to the RIA Client at its own expense including, without limitation:
(1) the salaries of employees necessary for such services; (2) the rent and utilities for the
facilities provided; and (3) telephone lines and computer equipment.

Separate Accounts

The fees for providing investment management services to SMA Clients are expressed as a
percentage of a delegated portion of assets under management, billed quarterly. The fees for
providing investment management services are negotiated on an individual basis and vary among
Clients.

In addition to management fees, the SMA Clients incur and pay all reasonable and documented
expenses relating to their account, including but not limited to: (1) brokerage commissions; (2)
taxes and other transaction-related fees; and (3) investment-related expenses and fees including,
without limitation, corporate actions, private investment transactions, restructurings, and credit
committee activities, as applicable, and reasonable external counsel fees and expenses (if any)
incurred in connection therewith.

All Clients

Accounts initiated or terminated during a calendar quarter will be charged a pro-rated fee. Upon
termination of any account, any earned, unpaid fees will be due and payable.

The Brokerage Practices section of this Brochure further describes the factors that the Adviser
considers in selecting or recommending broker-dealers for Client transactions and determining
the reasonableness of their compensation.

  Performance-Based Fees and Side-by-Side Management

Certain Clients pay the Adviser performance-based fees. The Adviser in general, and certain
portfolio managers of the Adviser, provide investment advisory services to accounts that are

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charged a performance-based fee and accounts that are charged only an asset-based fee.
Managing both types of accounts at the same time can create an incentive to favor performance-
based fee accounts. The Adviser could have an incentive to make riskier investment decisions
on behalf of Clients for which it can earn performance-based fees because such decisions could
yield higher returns.

The Adviser recognizes that conflicts can arise under these circumstances and has adopted an
investment allocation policy that addresses the potential conflict of interest for a portfolio
manager to favor performance–based fee accounts. This policy provides that no allocation shall
be made to an account based on performance, the amount or structure of the Adviser’s fee for
managing the account, the direct or indirect interests of the Adviser or its employees in the
account, or whether the account is public, private, proprietary, or third party. In determining
which securities to buy or sell for a Client and in what amount, the Adviser generally considers a
variety of factors, including the Client’s investment objectives and strategies, the Client’s
diversification and liquidity requirements, the size of the Client’s account, tax implications, the
marketability of the securities, the characteristics of the Client’s account, and other relevant
factors, such as the size of an available purchase or sale opportunity, the extent to which an
available opportunity would represent a meaningful portion of the Client’s account, and the
availability of comparable opportunities. Other factors that are considered include the amount of
securities of the issuer then outstanding, the value of those securities and the market for them.
The Adviser could also make purchase and sale decisions with respect to a particular Client
account that could be the same as, or differ from, the recommendations made, or the timing or
nature of the action taken, with respect to other accounts.

If the same investment decision is made for more than one account, the Adviser’s portfolio
managers could place orders to buy or sell the same security for a number of accounts. The
Adviser has the ability to aggregate orders to purchase or sell the same security for multiple
accounts. Whenever the Adviser aggregates orders, all accounts that participate in the
transaction will participate on a pro rata or other objective basis, as described below. The
Adviser will not aggregate investment transactions for accounts unless the transaction is
consistent with its duties to the accounts, the terms of the applicable investment management
agreement and each account’s investment objectives, restrictions and policies.

Types of Clients

The Adviser provides non-discretionary investment management services as a sub-adviser to the
RIA Client. The Adviser also provides discretionary and non-discretionary advice to SMA
Clients. It is anticipated that the Adviser could offer investment management services to other
institutional investment managers, private funds, pooled vehicles, and separately managed
account clients on a discretionary or non-discretionary basis in the future. The Adviser does not
currently expect to provide any services to retail clients.

  Methods of Analysis, Investment Strategies, and Risk of Loss

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With respect to equity securities, the Adviser employs both fundamental research and
quantitative research. Where the Adviser acts as a sub-adviser to the RIA Client, information
flows from the Adviser’s research team to the RIA Client, which is responsible for active
portfolio management.

With respect to fixed income securities, the Adviser’s investment professionals consistently
apply well established means of identifying potentially rewarding securities, bolstered by access
to information from their associates around the globe and aided by technology. Whether
applying top-down analysis that leads to selection of government bonds, or the bottom-up
approach that ends with corporate bonds being selected, the investment management team’s goal
is portfolio construction that matches product objectives and supports investors’ goals.

Investment Strategies

The Adviser utilizes macroeconomic research regarding economic forecasts and analysis, as well
as industry data relating to profits and trends. Demographic, technological, and social trends are
also analyzed in the overall analysis of certain securities. The material risks involved with these
strategies or methods of analysis are described at the end of this section.

 Strategy          Summary of Strategy                                  Principal Risks
 Emerging          The Emerging Markets Equity Focus                     Market risk
 Markets           Strategy seeks to invest at least 67% of              Market segment risk
 Equity Focus      assets in equities and equity-linked
                                                                         Equity securities risk
 Strategy          instruments issued by companies that are
                   headquartered, or do substantial business,            Risks of non-U.S.
                   in emerging countries. Investments in                  investments
                   Chinese equities can be made either                   Emerging markets risk
                   through authorized markets in Hong Kong               Geographic focus risk
                   or through the Stock Connect. The strategy
                                                                         Country risk – China
                   may also invest in P-Notes for the purpose
                   of efficient portfolio management. The                Country risk – MENA
                   strategy’s total investment exposure to                Countries
                   China A shares and B Shares (combined) is             Counterparty risk
                   generally expected to be less than 30% of             Currency risk
                   net assets. The strategy may invest in
                                                                         Forward foreign currency
                   China via the R-QFII license system.
                   There are no currency constraints on these             transactions risk
                   investments. While complying with the                 Portfolio selection risk
                   above policies, the strategy may also invest          Value style risk
                   in other equities, equity-linked instruments,         Small and mid-size
                   convertible bonds, bonds, money market                 companies risk
                   instruments, and deposits.
                                                                         Risks of warrants and
                                                                          rights
                                                                         Preferred stocks risk

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                                                               Risks of initial public
                                                                offerings
                                                               Risks of investment in
                                                                other funds
                                                               Equity-linked notes risk
                                                               Debt securities risk
                                                               Derivatives risk
                                                               ESG risk
                                                               Leveraging risk
                                                               Valuation risk
                                                               Liquidity risk
                                                               Cash management risk
                                                               Redemption risk
                                                               Reliance on affiliates risk
                                                               Cybersecurity risk
Investment-   The Investment-Grade U.S. Government             US Treasury obligations
Grade U.S.    and Agency Strategy invests primarily in          risk
Government    debt securities issued or guaranteed by the      US government agency
and Agency    U.S. government, its agencies, or
Strategy      instrumentalities.                                obligations risk
...