Chartwell Investment Partners LLC

Item 5 – Fees and Compensation

For investment supervisory services, Chartwell’s fees (see fee schedules described below) are typically based
on either the value of assets under management or a fixed fee, depending on factors such as the size and
type of account. Chartwell’s fees are negotiable. In certain circumstances, Chartwell may charge a
performance fee in accordance with the requirements of Section 205 and Rule 205-3 under the Investment
Advisers Act of 1940 as further explained in Item 6 below. Chartwell will aggregate assets from related
accounts (e.g., multiple accounts of a single institutional client) for the purposes of calculating the
breakpoints used for those accounts and the fees we charge.

  Investment Strategy:         Fee Schedule:                Investment Strategy:                Fee Schedule:

  Dividend Value Equity:       Up to $25 million    0.40%   Investment Grade Fixed and          Up to $20 million      0.30%
                               $25 - $50 million    0.30%   Core Fixed:                         $20 - $40 million      0.25%
                               Additional Assets    0.20%                                       $40 - $100 million     0.20%
                                                                                                Over $100 million      0.15%
  Small Cap Value:             Up to $20 million    0.90%
                               Additional Assets    0.80%   Strategic Issue High Yield Fixed:   All Assets             0.60%

  Mid Cap Value:               Up to $50 million    0.60%   Short Duration High Grade           All Assets             0.15%
                               Additional Assets    0.50%   Fixed:

  Small/Mid Cap Value          Up to $20 million    0.80%   Short Duration High Grade           All Assets             0.20%
                               Additional Assets    0.70%   Corporate Fixed:

  Small Cap Growth/            Up to $20 million    1.00%   Covered Call                        All Assets             0.50%
                               Over $20 million     0.80%

  Mid Cap Growth:              Upt to $20 million   0.80%   Collective Investment Trust**:
                               Over $20 million     0.70%
                                                            Small Cap Value:                                   0.89%
  Large Cap Growth             Up to $10 million    0.70%   Small Mid Cap Value:                               0.78%
                               $10 - $40 million    0.60%   Mid Cap Value:                                     0.74%
                               $40 - $70 million    0.50%   Short Duration High Yield                          0.49%
                               $70 - $100 million   0.40%
                                                              **Collective Investment Trust ("CITs") vehicle
                               Over $100 million    0.25%
                                                              sponsored by Comerica Bank & Trust, N.A.
                                                              and sub-advised by Chartwell Investment
  Core Plus Fixed:             Up to $20 million    0.40%     Partners. Fees shown represent marketed or
                               $20 - $50 million    0.30%     highest fees which are negotiable based on
                               Additional Assets    0.25%

  High Yield Fixed:            First $20 million    0.60%
                               Additional Assets    0.50%

  High Yield Short BB Fixed:   First $20 million    0.50%
                               $20-$50 Million      0.40%
                               Additional Assets    0.30%

The fee for certain retail and high net worth clients with individually managed accounts with an initial
investment of no less than $250,000 is generally 0.90% of the value of the assets under management. Any
assets over $1 million will be billed at the fee of 0.75%. For individual bond holdings the fee is 5/8 or
0.625% of the total fee and for bond mutual funds, including exchange traded funds, the fee is 3/8 or
0.375% of the total fee. The fee for these accounts is negotiable and is billed quarterly in arrears. Chartwell
employees’ separately managed accounts that are managed in the same strategy alongside these high-net-
worth clients will pay a lower fee.

Fees for WRAP portfolios are different than those shown in the fee table above and will vary per platform.
The relevant program sponsors will pay fees to Chartwell based on the asset value of each client account.

The specific manner in which fees are charged by Chartwell is established in a client’s written agreement with
Chartwell. We will generally bill fees on a quarterly basis in arrears (i.e., following the applicable quarter
period). Accounts initiated or terminated during a calendar quarter will be charged a pro-rated fee. Clients

will receive quarterly invoices from Chartwell for such fees.

Chartwell may have a potential conflict of interest by investing client account assets into open-end mutual
funds that we sub-advise for our affiliate, The Carillon Family of Funds (“Affiliated Funds”). Chartwell and
its employees receive an economic benefit for any investment of client assets in an Affiliated Fund since
Chartwell receives sub-advisory fees based on the growth of Affiliated Fund assets. However, no separate
management fee is charged for any portion of the client’s account invested in one or more of the Affiliated
Funds. Additional information about the fees charged to the Carillon Funds is available in the Prospectuses,
which are publicly available at Carillon’s website (www.rjinvestmentmanagement.com), on the EDGAR
Database on the SEC’s website (www.sec.gov) or by contacting the Carillon Funds’ principal underwriter,
Carillon Fund Distributors, Inc., at 1-800-237-3101.

In addition, Chartwell has an agreement to manage a fixed income investment portfolio for its former
...

Item 7 – Types of Clients
Chartwell provides investment supervisory services on a continuous basis to a variety of individual,
institutional, investment company, private fund and corporate clients. Chartwell is a sub-adviser to
investment companies registered under the Investment Company Act of 1940. Each of the existing
investment products have pre-determined capacity levels at which we feel the products can be effectively
managed to reach maximum performance potential. A minimum account size of $250,000 for high-net-worth
individuals and $5 million for institutional, investment company, private fund and corporate clients can be
waived at Chartwell’s sole discretion.

Chartwell may also participate in model-based Managed Accounts Programs. In such programs, Chartwell
shall provide the Program Sponsor non-discretionary investment advice through model portfolios. The
model-based Program Sponsor is generally responsible for investment decisions and performing many other
services and functions typically handled by Chartwell in a traditional discretionary Managed Account
Program. Depending on the particular facts and circumstances, Chartwell may or may not have an advisory
relationship with model-based program clients. To the extent that this Form ADV Part 2 is delivered to
Program clients with whom Chartwell has no advisory relationship or under circumstances where it is not
legally required to be delivered, it is provided for informational purposes only.

Furthermore, because a model-based Program Sponsor generally exercises investment and brokerage
discretion, performance and other information relating to Chartwell’s services for which it exercises
investment and/or brokerage discretion is generally provided for informational purposes only and may not
be representative of model-based program client results or experience. Chartwell is not responsible for
overseeing the provision of services by a model-based Program Sponsor and cannot assure the quality of
its services.