Aristotle Capital Boston LLC

Item 5 – Fees and Compensation

Advisory Contracts and Fees

5. A. Adviser Compensation

Aristotle Boston’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 Boston may group multiple accounts of a client (or group of related
clients) together for fee billing purposes.

Fees are subject to change over time and, as discussed below, different fee schedules apply to
different types of clients, strategies and advisory arrangements. Fees may be negotiated on a basis
different from Aristotle Boston’s stated fee schedules, if circumstances warrant, and Aristotle Boston
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. Aristotle Boston
reserves the right to charge performance fees for certain client accounts.

Fee Schedules

SEPARATELY MANAGED ACCOUNTS
Aristotle Boston's annual management fees for separately managed accounts range from 0.50% -
1.00% on assets under management. Aristotle Boston’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 Boston in managing such
accounts.

MUTUAL FUNDS
Aristotle Boston 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 Boston clients may receive, at no
additional charge, advice from Aristotle Boston 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 Boston clients who invest in the mutual funds bear their proportionate
shares of each mutual fund’s fees and expenses, including their pro rata share of Aristotle Boston’s
advisory fees.

WRAP AND MODEL DELIVERY PROGRAM FEES
For wrap and model delivery program services, the client will pay the manager for its services and
for the services of Aristotle Boston 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 Boston and according to the terms of the contract, in which
case a pro rata refund will be made. Generally, the fee to the manager for wrap and model delivery
accounts ranges from 1% – 3% per annum of assets under management. From the fee paid to the
manager for wrap accounts, Aristotle Boston receives 0.55% per annum on the managed account.
From the fee paid to the manager for model delivery accounts, Aristotle Boston receives between
0.35% - 0.50% per annum on the assets allocated to Aristotle Boston. Most managers collect the
entire fee and pay the advisory portion due to Aristotle Boston after collecting such fees.

COLLECTIVE INVESTMENT TRUST FEES
Aristotle Boston manages CIT vehicles and the management fee, referred to as the trustee fee, is
disclosed in the Aristotle Collective Trust Disclosure Memorandum. The trustee fee varies based on the
fund and share class and Aristotle Boston a portion of the adviser’s fee. Investors should refer to a
current copy of the Aristotle Collective Trust Disclosure Memorandum for the most updated
information about the CIT trustee fees and eligibility requirements for the various share classes.

GENERAL INFORMATION
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.

Other Advisory Fee Arrangements

Performance-based Fees: Aristotle Boston reserves the right to enter into performance-based fee
arrangements with some institutional clients. Aristotle Boston may waive all or any portion of the
performance-based fee with respect to any client. Any performance-based fees charged by Aristotle
Boston will be in compliance with Rule 205-3 under the Investment Advisers Act of 1940, as amended
(“Advisers Act”), unless that rule is inapplicable by reason of Advisers Act Section 205(b) or
interpretive positions of the staff of the U.S. Securities and Exchange Commission (“SEC”). Accounts
participating in a performance-based fee arrangement may pay Aristotle Boston more compensation
when compared to standard fee rates. Performance-based fee arrangements may not be available for
all asset classes and must be approved by Aristotle Boston on a case-by-case basis.

Limited Negotiability of Advisory Fees: Although Aristotle Boston 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, along with any performance fees, is identified in the contract
between Aristotle Boston and each client.

5. B. Direct Billing of Advisory Fees

Clients may request that fees owed to Aristotle Boston be deducted directly from the client’s custodial
account. In instances where a client has authorized direct billing, Aristotle Boston takes steps to
ensure that the client’s qualified custodian sends periodic account statements directly to the client
...

Item 7 – Types of Clients

Aristotle Boston serves as a discretionary investment adviser to institutional and retail separate
account clients, as a discretionary investment sub-adviser to registered investment companies
(“mutual funds”) and as investment adviser to collective investment trusts.

Separately Managed Accounts (including Wrap Accounts)
Aristotle Boston serves as a discretionary investment adviser to institutional and separate account
clients such as 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 for Small Cap Equity
and $500,000 for Small/Mid Cap Equity. Generally, the minimum account size for wrap programs is
$200,000 but may be higher. Aristotle Boston reserves the right, in its sole discretion, to reduce the
minimum requirement for certain accounts under certain circumstances.

Mutual Funds
In sub-advising mutual funds, Aristotle Boston 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 each fund’s prospectus.

Model Delivery Accounts
For model delivery program accounts, Aristotle Boston 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 $200,000 but may be higher.

Collective Investment Trust
Aristotle Boston serves as the investment adviser to the Aristotle Small Cap Equity Collective Trust
and the Aristotle Small/Mid Cap Equity Collective Trust, both “bank collective trusts” within the
meaning of the Internal Revenue Service Revenue Ruling 81-100, as amended, which are exempt
from registration under the Investment Company Act of 1940. The funds offered in the Aristotle Small
Cap Equity Collective Trust and the Aristotle Small/Mid Cap Equity Collective Trust mirror certain
other portfolios offered by Aristotle Boston. The portfolios are maintained and managed by SEI Trust
Company, the trustee, based on the investment advice of Aristotle Boston, the trust investment
adviser. The presentation of information in this Brochure relating to the Aristotle Small Cap Equity
Collective Trust and the Aristotle Small/Mid Cap Equity Collective Trust is not intended to act as an
offer or solicitation to invest.