Fuller & Thaler Asset Management Inc

Item 5 – Fees and Compensation

 Advisory fees are dependent upon the strategy managed. Management fees are typically
 payable quarterly and calculated on the value of assets under management as of the end of
 a calendar quarter, after adjusting for contributions and withdrawals of capital. Fees are
 pro-rated depending upon the date of contribution and/or withdrawal. Normal policy is
 that such fees are billed and paid in arrears. However, fees may be paid in advance at the
 client’s request (up to one quarter in advance). In the event of termination, any
 management fees paid in advance are prorated to the date of termination and any
 unearned fees are returned to the client. In general, FullerThaler does not deduct fees
 directly from separately managed accounts, rather, most separately managed account
 clients remit fees after an invoice is presented by FullerThaler.

 In some circumstances, fees are negotiable under any specific or combined strategy. The
 fee will depend upon, among other things, the size of the assets, number of accounts, type
 of client or account, whether a client is seeding a new strategy, and the complexity (for
 example, if hedging or leverage is involved) or level of service provided. FullerThaler will
 consider performance-based fees if a client prefers them. Performance fees are based on
 absolute performance or performance relative to an agreed upon benchmark subject to a
 high watermark. The performance-based fee includes realized capital gains less realized
 capital losses, unrealized capital appreciation less unrealized capital depreciation, and
 interest and dividend income for all portfolio assets for typically an annual calendar period.

FullerThaler, in its discretion, may waive or reduce all or part of the fees of a client account.
FullerThaler waives the fees charged affiliated accounts.
Provided below is FullerThaler's current standard fee schedule by strategy for direct
accounts.
BEHAVIORAL SMALL-CAP GROWTH, BEHAVIORAL SMALL-CAP VALUE, BEHAVIORAL
SMALL-CAP CORE, and BEHAVIORAL SMALL-CAP EQUITY:
Minimum Account Size: $5,000,000
Minimum Fees: $55,000
Account Market Value Annual Management Fee Rate
First $5,000,000                 1.10%
Next $10,000,000                 1.00%
Next $10,000,000                 0.90%
Amounts over $25,000,000         0.70%
BEHAVIORAL SMALL-MID CORE EQUITY:
Minimum Account Size: $10,000,000
Minimum Fees: $95,000
Account Market Value Annual Management Fee Rate
First $25,000,000                 0.95%
Amounts over $25,000,000          0.85%
BEHAVIORAL MID-CAP VALUE, BEHAVIORAL MID-CAP EQUITY, BEHAVIORAL MID-CAP
GROWTH, and BEHAVIORAL ALL-CAP EQUITY:
Minimum Account Size: $10,000,000
Minimum Fees: $85,000
Account Market Value Annual Management Fee Rate
First $25,000,000                 0.85%
Amounts over $25,000,000          0.75%
BEHAVIORAL UNCONSTRAINED EQUITY:
Minimum Account Size: $10,000,000
Minimum Fees: $99,000
Account Market Value Annual Management Fee Rate
First $25,000,000                 0.99%
Amounts over $25,000,000          0.89%
BEHAVIORAL MICRO-CAP:
Minimum Account Size: $5,000,000
Minimum Fees: $65,000
Account Market Value Annual Management Fee Rate
First $5,000,000                 1.30%
Next $10,000,000                 1.15%
Amounts over $15,000,000         1.05%
Should a client maintain less than the minimum account size in assets under FullerThaler’s
management, the client’s fee rate for investment advisory services would likely be more
than the above stated fee schedule.

For direct client accounts that are not allowed to participate in soft dollars, we impose an
annual surcharge of up to 1 basis point which varies by strategy.

Mutual Funds
FullerThaler is the sub-adviser to the Undiscovered Managers Behavioral Value Fund and
is the investment adviser of the FullerThaler Behavioral Small-Cap Equity Fund, the
FullerThaler Behavioral Small-Cap Growth Fund, the FullerThaler Behavioral Mid-Cap
Value Fund, the FullerThaler Behavioral Unconstrained Equity Fund, the FullerThaler
Behavioral Small-Mid Core Equity Fund, the FullerThaler Behavioral Micro-Cap Equity
Fund, and the FullerThaler Behavioral Mid-Cap Equity Fund. J.P. Morgan Investment
Management Inc. is the investment adviser of the Undiscovered Managers Behavioral
Value Fund.

  Fund Annual Management Fee Rate*

  Undiscovered Managers Behavioral Value Fund                  0.75%
  FullerThaler Behavioral Small-Cap Equity Fund                0.60%
  FullerThaler Behavioral Small-Cap Growth Fund                0.85%
  FullerThaler Behavioral Mid-Cap Value Fund                   0.75%
  FullerThaler Behavioral Unconstrained Equity Fund            0.85%
  FullerThaler Behavioral Small-Mid Core Equity Fund           0.80%
  FullerThaler Behavioral Micro-Cap Equity Fund                1.45%
  FullerThaler Behavioral Mid-Cap Equity Fund                  0.75%

  * the fees listed above are the fees without temporary waivers but some fees are
  temporarily lower as a result of contractual fee waivers through January 31, 2027, as of
  the date of this document; please refer to the funds’ prospectuses for the latest fee
  rates

FullerThaler receives a management fee based on a percent of each fund’s average daily
net assets. The fees above represent the aggregate management fees charged by a fund. In
the case of the Undiscovered Managers Behavioral Value Fund, FullerThaler receives a
portion of the above fee from the investment adviser. FullerThaler waives certain of the
fees it receives from the funds to assist the funds in maintaining their expense caps at the
levels disclosed in the funds’ prospectuses. Please refer to the funds’ prospectuses for
more information.

Collective Investment Fund

 FullerThaler is the sub-adviser to the FullerThaler Behavioral Small Cap Core Equity Fund.
 Comerica Bank & Trust, N.A. is the sponsor. FullerThaler’s fee depends on the share class
...

Item 7 – Types of Clients

 FullerThaler provides portfolio management services directly to mutual funds, collective
 investment funds, financial intermediaries, corporate and public pension plans, Taft-
 Hartley plans, corporations and other businesses, unions, charitable institutions,
 foundations, endowments, individuals, family offices, and other U.S. and international
 entities.

 FullerThaler has established the following minimum dollar values to open and maintain
 client accounts:

     •   Direct separately managed accounts (“SMA”) require $5,000,000 or $10,000,000
         depending on the strategy. Please refer to the fee schedule in Item 5.
     •   Indirect SMA accounts through financial intermediary platforms require between
         $75,000 to $1,000,000 depending on the platform and strategy.

 The size of the minimum investment may be reduced or waived at the discretion of
 FullerThaler.