Dean Capital Management LLC

Item 5      Fees and Compensation
DCM is compensated for investment management services based upon a percentage of assets under
management. Market values of assets are determined by independent custodians. DCM will negotiate
management and minimum fees in certain instances. DCM’s basic fee schedule is as follows:

 Strategy                        Minimum        First $10M         Next $15M         Over $25M

 Large Cap Value                    $5M              0.60%             0.50%              0.40%

 Multi Cap Value                    $5M              0.60%             0.50%              0.40%

 Equity Income                      $5M              0.60%             0.50%              0.40%

 Mid Cap Value                      $5M              0.80%             0.70%              0.60%

 Small Cap Value                    $5M              0.80%             0.70%              0.60%

 Fixed Income                       $5M              0.25%           Negotiated         Negotiated

The fee for balanced accounts will be a pro-rata fee based on the underlying equity style and fixed
income fee schedules.

With respect to mutual funds and accounts managed for DIA under the sub-advisory agreement, fees are
calculated by multiplying the market value of each portfolio as of the first day of the current quarter by one
fourth of contracted annual rate to determine a quarterly management fee. Quarterly fees are billed in
advance.
With respect to non-DIA mutual funds and all other direct DCM accounts, fees may be calculated based
on beginning balance, average balance or ending balance, and may be billed in advance or arrears,
depending on the terms of the engagement.
Direct clients of DCM may be offered the option to be billed directly by DCM or the client may direct their
custodian to debit the client account to pay DCM’s advisory fee, at the client’s choice and direction.
Where portfolios are managed for several related entities, DCM will combine quarterly values of the
related portfolios for fee computation purposes. Any direct client of DCM who wishes to terminate
services must provide written notification of the termination and the effective date, and investment
management fees will be prorated to the date of termination and promptly refunded.
Mutual Fund Fees and Expenses: All fees paid to DCM for investment advisory services are separate
and distinct from the fees and expenses charged by such funds to their shareholders. These fees and
expenses are described in each fund's prospectus or offering documents. These fees will generally
include a management fee, a possible distribution fee, and any other fund expenses as described in the
prospectus. Clients also pay all expenses and fees associated with the account, including, but not limited
to, all brokerage commissions, transaction charges and any charges related to the custody of the
securities in the account.

Item 7      Types of Clients
DCM provides discretionary portfolio management services as a sub-adviser to mutual funds managed by
its affiliate, Dean Investment Associates, LLC (“DIA”), a SEC registered adviser, as well as to DIA’s
individual clients. DCM also makes discretionary portfolio management services available directly to
clients such as individuals, trusts, estates, charitable organizations, investment companies and other
institutional investors.
DCM has varying minimum account requirements for different types of accounts and strategies, but
reserves the right to waive requirements or not accept certain accounts based on the size of the account
and the nature of the services being provided.