Aristotle Atlantic Partners LLC

Item 5 – Fees and Compensation

Advisory Contracts and Fees

5. A. Adviser Compensation

Aristotle Atlantic’s fees are described generally below and detailed in each client’s advisory
agreement or applicable account documents. Fees for services may be negotiated with each client on
an individual basis. Aristotle Atlantic may group multiple accounts of a client (or group of related
clients) together for fee billing purposes.

Fees may change over time and, as discussed below, different fee schedules may apply to different
types of clients, strategies and advisory arrangements. Fees may be negotiated on a basis different
from Aristotle Atlantic’s stated fee schedules, if circumstances warrant, and Aristotle Atlantic
reserves the right to waive or reduce the fees charged to a particular client in its sole and absolute
discretion. Fees are generally based on a percentage of assets under management.

Fee Schedules

SEPARATELY MANAGED ACCOUNTS
Aristotle Atlantic’s annual management fees for separately managed accounts range from 0.40% -
0.50% on assets under management. Aristotle Atlantic’s advisory fees are subject to negotiated
agreements with clients and are determined according to a number of factors including but not
limited to, account size, investment strategy, and cost incurred by Aristotle Atlantic in managing such
accounts.

MUTUAL FUNDS
Aristotle Atlantic serves as a sub-adviser to mutual funds, including mutual funds offered through
the Aristotle Funds Series Trust. Investors should refer to a current copy of the fund prospectus for
the most updated information about the mutual fund fees. Aristotle Atlantic clients may receive, at
no additional charge, advice from Aristotle Atlantic with respect to the allocation of their assets
among mutual funds. Although there is no separate or additional charge for this service, as discussed
further in Item 5.C. below, Aristotle Atlantic clients who invest in mutual funds bear their
proportionate shares of each mutual fund’s fees and expenses, including their pro rata share of
Aristotle Atlantic’s advisory fees.

MODEL DELIVERY PROGRAM FEES
For model delivery program services, the client will pay the manager for its services and for the
services of Aristotle Atlantic on a quarterly or monthly basis in advance or arrears according to a
negotiated fee schedule. The agreement may be terminated at any time at the written request of
either the client, manager or Aristotle Atlantic and according to the terms of the contract, in which

case a pro-rated refund will be made. Generally, the fee to the manager for model delivery accounts
ranges from 1% - 3% per annum of assets under management. From the fee paid to the manager for
model delivery accounts, Aristotle Atlantic receives between 0.20% - 0.40%. Most managers collect
the entire fee and pay the advisory portion due to Aristotle Atlantic after collecting such fees.

GENERAL INFORMATION

Limited Negotiability of Advisory Fees: Although Aristotle Atlantic has established the
aforementioned fee schedule(s), we retain the sole discretion to negotiate alternative fees on a client-
by-client basis. Client facts, circumstances and needs are considered in determining the fee schedule.
These include the complexity of the client, assets to be placed under management, anticipated future
additional assets, related accounts, portfolio style, account composition, and reports, among other
factors. The specific annual fee schedule is identified in the contract between Aristotle Atlantic and
each client.
Termination of the Advisory Relationship: An advisory agreement may be terminated according to
the terms of the contract and written notice by either party. Upon termination, fees will be prorated
to the date of termination. If any fees are prepaid, unearned fees will be promptly refunded.

5. B. Direct Billing of Advisory Fees

Clients may request that fees owed to Aristotle Atlantic be deducted directly from the client’s custodial
account. In instances where a client has authorized direct billing, Aristotle Atlantic takes steps to
ensure that the client’s qualified custodian sends periodic account statements directly to the client
no less frequently than quarterly, showing all transactions in the account, including fees paid to
Aristotle Atlantic. Generally, Aristotle Atlantic will invoice clients for their advisory fees whether
direct billing is used or not. Clients have the option to be billed by invoice to make a direct payment
for fees rather than having fees deducted from their custodian account.

5. C. Other Non-Advisory Fees

Aristotle Atlantic’s advisory fee is exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients may incur certain charges
imposed by custodians, brokers and other third parties, including but not limited to fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions.
A client’s portfolio may include a position(s) in an exchange traded fund(s) which also charge internal
management fees, that are disclosed in the fund’s prospectus. Such charges, fees and commissions are
exclusive of, and in addition to, Aristotle Atlantic’s fee, and Aristotle Atlantic does not receive any
portion of these commissions, fees, and costs.

Clients participating in model delivery programs may be charged various program fees in addition to
the advisory fee charged by our firm.

Item 12 further describes the factors that Aristotle Atlantic considers in selecting or recommending
broker-dealers for client transactions and determining the fairness and reasonableness of their
commissions and service charges.

5. D. Advance Payment of Fees

Advisory fees for separately managed accounts are generally billed quarterly in advance and are
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Item 7 – Types of Clients

Aristotle Atlantic serves as a discretionary and non-discretionary investment adviser to institutional
and advisory separate account clients, a sub-adviser to a sleeve in a multi-manager private pooled
investment vehicle (a “private fund”) organized as a domestic limited partnership, as well as a
discretionary investment sub-adviser to registered investment companies.

Separately Managed Accounts
Aristotle Atlantic provides advisory services to individuals, charitable and taxable trusts, pensions,
pooled accounts, foundations, Taft-Hartley, public companies and corporations. The minimum
amount required to establish and maintain an institutional separately managed account is generally
$5,000,000. However, Aristotle Atlantic reserves the right, in its sole discretion, to reduce the
minimum requirement for certain accounts under certain circumstances.

Private Fund
Aristotle Atlantic also serves as a sub-adviser to a sleeve of a multi-manager private fund. The private
fund’s offering memorandum outlines the private fund’s objectives, fees, and specific procedures and
restrictions applicable to withdrawals from and terminations of an investor’s position in a private
fund.

Mutual Funds
In sub-advising mutual funds, Aristotle Atlantic is subject to the supervision and direction of the
respective fund’s Board of Trustees. Each mutual fund’s strategy objectives, fees and investment
minimums are outlined in the fund’s prospectus.

Model Delivery Accounts
For model delivery program accounts, Aristotle Atlantic provides a model to the manager and the
manager effects transactions in the client accounts. Generally, the minimum account size for model
delivery programs is not disclosed to Aristotle Atlantic.