Cigna Investments Inc

Item 5: Fees and Compensation
CII’S COSTS AND EXPENSES

CII does not charge management fees to its clients. CII seeks to recover the costs and expenses
incurred in providing advisory services to its clients. Clients are generally charged the
proportionate share of the costs and expenses associated with the particular asset classes in which
they are invested subject to certain exceptions set forth below:

   •   U.S. and Canadian clients are charged a proportionate share of the direct (e.g., salaries)
       and indirect (e.g., outside counsel) costs and expenses, less any external revenues paid to
       CII, incurred by CII in providing advisory services to all U.S. and Canadian clients.

   •   Pension plan clients are charged certain direct expenses and indirect expenses, as
       permitted under applicable laws and regulations, incurred by CII in providing its advisory
       services to the plans.

   •   The Cigna charitable organization is not charged any costs or expenses.

Expenses that are not charged to the pension plan clients or the charitable organization are
charged to Cigna's U.S. and Canadian clients proportionally based on their total amount of
invested assets.

   •   International clients are charged a proportionate share of the direct costs and expenses,
       plus any applicable markup, consistent with Sections 482 and 6662 of the U.S. Internal
       Revenue Code and the Transfer of Pricing Guidelines for Multinational Enterprises and
       Tax Administrations of the Organization for Economic Co-operation and Development.

From time to time, CII provides discretionary advisory services to clients at no additional cost.

Estimated fees are payable in advance on a quarterly basis. CII provides an invoice and, for some
clients, deducts its fees directly from client accounts. Fees paid are adjusted in subsequent
periods to reflect actual amounts owed. In the event of termination, prepaid fees will be
reimbursed to the client. Clients pay a separate fee to a custodian holding their assets and incur
brokerage fees for transactions entered into on their behalf. See Item 12: Brokerage Practices.

ADDITIONAL FEES NOT PAID TO CII

In addition to CII’s fees, clients invested in private equity funds, senior private debt, mezzanine
debt, secondary funds and real estate equity funds pay performance-based and management fees
to directly to the general partner, manager or sponsor of the fund(s).

Clients invested with sub-advisers pay fees associated with those services directly to the sub-

adviser.

Item 7: Types of Clients
CII provides investment advisory services to institutional clients, separate accounts, pension
plans, private funds, pooled investment vehicles, and foundations affiliated with Cigna.