Capital Bank and Trust Company

ITEM 5: FEES AND COMPENSATION

WITH RESPECT TO COMMINGLED FUNDS: The fees and expenses for each
Commingled Fund, including fees paid to CB&T and its affiliates, as well as any brokerage and
transaction costs, are described in each fund’s governing documents as well as each client’s
agreement with CB&T or its affiliates.

WITH RESPECT TO SALES AND MARKETING PROFESSIONALS: Sales and
marketing professionals employed by CB&T or an affiliate may receive direct or indirect
compensation related to the services CB&T provides. This presents a conflict of interest, as
marketing and sales associates have an incentive to recommend services based upon the
compensation they are provided by CB&T.

ITEM 7: TYPES OF CLIENTS

CB&T provides directed trustee services and custodial services to employer-sponsored
retirement plans and individual retirement accounts invested in registered investment companies,
but does not offer discretionary investment advisory services to these clients.

With respect to Commingled Funds: CB&T serves as a discretionary trustee and/or investment
manager for Commingled Funds generally designed for retirement plans, foundations and
endowments. Investors in these funds generally sign an agreement with CB&T to serve as
fiduciary.

While there is no stated minimum account size, participants in the Commingled Funds who are
not clients of Capital Group Private Client Services, Inc. (“CGPCS”), an affiliated investment
adviser registered with the SEC, are subject to minimum account sizes to invest in the funds, as
outlined in the respective Advisers’ Form ADV and the fund’s governing documents.