Crawford Investment Counsel Inc

Item 5 – Fees and Compensation
This section provides details regarding Advisor’s services along with descriptions of fees and
compensation arrangements.

General
Fees paid by the client to the Advisor are exclusive of all custodial and transaction costs paid to the
client’s custodian, brokers, or other third party consultants.

Advisor charges fees for management services based on a percentage of assets under management.
Fees are billed quarterly in advance and calculated based on the market value of the account as of the
beginning of the quarter. Some accounts may be billed in arrears.

If fees are deducted from a client’s account, the client must provide the account custodian with
written authorization to have fees deducted from the account and paid directly to Advisor. A billing
notice is sent to the account custodian, and Advisor also sends the client a billing notice showing the
amount of the fee to be deducted, the manner in which the fee was calculated, any adjustments to the
fee and an explanation of any adjustments. Clients should review account statements received from
their account custodian and verify appropriate advisory fees are being deducted.

Crawford Investment Counsel, Inc.                –4–                                  Disclosure Brochure

Either party may terminate the agreement for services at any time by providing written notice to the
other party. Termination is effective upon receipt of the notice. If services are terminated within 5
business days of executing the agreement, services will be terminated without penalty. If services are
terminated after the initial 5-day period, fees are prorated based on the number of days that services
are provided prior to receipt of notice of termination, and a prorated refund is provided to client.

Advisor may negotiate the fee charged in certain circumstances, such as the account having a
substantially larger than average value. In all cases, Advisor discloses the fee charged prior to services
being provided. If an account is created mid-quarter, the initial fee is prorated based on the number
of days services were provided. In addition, any significant additions or withdrawals to the account
during the quarter are also prorated based on the time they are actually in the account.

Traditional Asset Management Services
The annual fee schedule, based on a percentage of assets under management for balanced and equity
only accounts, is as follows:

                          Market Value of Portfolio                   Annual Fee
                          First $3,000,000                                1.00%
                          Balance above $3,000,000                        0.50%

The minimum account value is $2,000,000 for balanced and equity only accounts.

The annual fee schedule, based on a percentage of assets under management for fixed income only
accounts is as follows:

                          Market Value of Portfolio                   Annual Fee
                          First $5,000,000                                0.40%
                          Next $5,000,000                                 0.35%
                          Balance above $10,000,000                       0.30%

The minimum account value is $5,000,000 for fixed income only accounts.

Certain legacy relationships may have a fee schedule that differs from the above fee schedules. There
is no minimum account value requirement for existing clients to establish a new managed account. In
programs where account minimums have been reduced, the fee may be higher to reflect a lower
account value. When a lower minimum account value is offered, a minimum annual fee may be
assessed quarterly.

Other Non-Advisory Fees
Clients should be aware that they can invest in some mutual funds directly, without the services of
Advisor. However, in this case, they would not receive the services provided by Advisor that are
designed to, among other things, assist them in determining which mutual funds are more appropriate
to their financial condition and objectives. Accordingly, clients should review both the fees charged
by the mutual fund(s) and Advisor to fully understand the total fees that they will pay.

Clients may be charged fees by other parties in connection with the investment advice provided by
Advisor. These other fees may include brokerage commissions and/or transaction fees charged by
the client’s custodian. In addition, clients may incur certain charges imposed by third parties other
than Advisor in connection with investments made through the account including, but not limited to,
mutual fund sales loads, 12(b)-1 fees, contingent deferred sales charges and surrender charges, and

Crawford Investment Counsel, Inc.                 –5–                                   Disclosure Brochure

IRA and qualified retirement plan fees. Management fees charged by Advisor are separate and distinct
from the fees and expenses charged by investment company securities that may be recommended to
the client. A description of these fees and expenses are available in each security prospectus. See

Item 7 – Types of Clients

Advisor generally provides investment advice on a discretionary basis to individuals, including high
net worth, registered investment companies, pension and profit-sharing plans, trusts, estates,
charitable organizations, municipalities, Taft-Hartley plans, corporations, and other business entities.
Minimum fees and account sizes are discussed in Item 5, Fees and Compensation.