Forester Capital Management Ltd

Item 5: Fees and Compensation
Description
Fees for your investment advisor services are charged quarterly (1/4 of annual fee) based upon the value
of assets managed based valuations done by you account custodian or other pricing services at the end
of each calendar quarter.

Listed below is our standard fee schedule:

                                                 Percentage of Assets
       International Equity Accounts                 Annual Fee
                 All Assets                             1.35%

              Large Cap Equity and Balanced Accounts
                                           Percentage of Assets
                                                Annual Fee
 Mutual Funds                                     0.90%

            Separate Accounts
 First $10 Million                                     0.90%
 Next $20 Million                                      0.80%
 Excess over $30 Million                              Negotiable

We reserve the right to vary these from the schedule listed above due to particular circumstances of the
client or as otherwise negotiated with a particular client or group of clients.

In addition, we act as the advisor to the Forester Funds for which our firm receives fees for being the
advisor. The Forester Funds offering documents contain the fee schedule of the fees we receive for
acting as the fund advisor for each series of the Forester Funds. Additional copies of the offering
documents (fund prospectus documents) are available upon request.

Fee Billing
Fees to the mutual funds we act as investment advisors for are calculated and accrued daily and charged
monthly based on daily market values.

Fees for our separate account customers are charged quarterly based upon the value of assets managed
based valuations done by your account custodian or other pricing services at the end of each calendar
quarter. These fees are deducted from your account and paid to us by your brokerage firm or custodian.

Other Fees
Our management fees are separate from charges assessed by third parties such as broker dealers,
custodians and mutual fund companies. Brokerage and other transaction costs charged by broker
dealers executing transactions and custodians maintaining your assets are in addition to the management
fees and are not negotiable. Mutual funds, variable annuities and or other platforms charge or may
assess other fees and expenses such as 12B-1 fees or commissions in connection with the placement of
your funds.

Fees Paid in Advance and Termination of Advisory Services
We do not require any prepayment of fees.

Clients may terminate their advisory contract with Forester Capital Management Ltd. in writing to Forester
Capital Management Ltd. at any time. We recommend you use a mail service where a signed receipt is
required. Fees will be charged on a prorated basis upon termination and deducted from your account.
Forester Capital Management Ltd. may terminate relationships with clients, in writing, upon 30 days
notice and our management fee will be charged on a prorated basis upon termination and deducted from
your account. Your death will not terminate the Investment Management Agreement or authority granted
to Forester Capital Management Ltd. until we have received actual written notification of your death.

Additional Compensation
Forester Capital Management Ltd. does not receive any additional compensation.

Item 7: Types of Clients
Description
We specialize in customized portfolio management for investment companies and separate accounts for
institutions and investment advisors of high net worth clients.

Account Minimums
It is our general policy that accounts or account relationships below $15 million in assets are discouraged.
We reserve the right to accept accounts below this minimum amount under special circumstances.