Great Lakes Advisors LLC

Item 5 – Fees and Compensation
The fees charged by GLA vary for its clients depending on the type and size of the account and
other conditions.

We primarily manage accounts from which we receive asset-based management fees. However,
we also manage accounts that have an asset-based fee component and a performance fee

component. (Please see “Performance-Based Fees and Side-By-Side Management” for more
information.)

The specific manner in which fees are charged by GLA is established in a client’s written
agreement with GLA, the prospectus or offering documents of the U.S. Equity Mutual Funds and
Canadian Equity Mutual Funds, ETFs, CITs or commingled funds, or pursuant to the terms of GLA’s
agreement with a wrap sponsor or platform provider, as the case may be.

GLA will generally bill its fees on a monthly or quarterly basis. Clients may elect to be billed
directly for fees or to authorize the custodian to deduct the fees from their account. Accounts
initiated or terminated during a calendar quarter will be charged a prorated fee. Fees for the
management of investment portfolios are assessed as a percentage of the assets in the account
as valued at the close of the market at the end of each calendar quarter or at a date specified by
the client in the adviser contract.

The below fee schedules are effective for new accounts opened on or after April 3, 2023.

Private Wealth Services
The standard minimum account size for a private wealth client is $1,000,000 for Equity and
Balanced accounts; and $2,000,000 for Fixed Income accounts. For purposes of the minimum
account size and the overall fee charged, related accounts may be aggregated. The nature and
circumstances of specific accounts may allow for negotiations of minimums, fees, or
commissions.

Private Wealth Direct Client Fee Schedule
Fees are charged quarterly on a pro rata basis either in advance or in arrears and are computed
based on the market value of the total assets under management at the effective date of contract
and thereafter at the close of the last business day of the preceding calendar quarter or at a date
specified by the client in the adviser contract.

Maximum Allowable Fee as a Percent of Market Value
                                                           Annual Fee
  Investment Strategy               Account Size             Rate     Minimum
  Equity, Balanced, and Fixed       $1 Million                1.00%      $1 Million
  Income                            $1 to $5Million           0.75%
                                    $5 to $10 Million         0.50%
                                    $10 to $25 Million        0.35%
                                    $25 Million +             0.25%

Institutional Services
The standard minimum account size for an institutional client is $2,000,000 for the Strategic Large
Cap Equity strategy; $5,000,000 for Balanced, Global and International Equity, and Disciplined
Equity strategies; $10,000,000 for Fundamental Equity strategies; and $3,000,000 for Fixed
Income strategies. For purposes of the minimum account size and the overall fee charged, related
accounts may be aggregated. The nature and circumstances of specific accounts may allow for
negotiations of minimums, fees, or commissions.

Fees will vary depending on the size of the account and/or relationship, type of product and type
of account. The timing of the fee payment and basis for such fee depends on GLA’s agreement
with the client. Typically, GLA bills fees on a quarterly basis, although clients may also elect to be
billed monthly. Clients may elect to be billed in advance or in arrears each billing period. Fees are
generally based on the asset value of the account as of the last business day of each quarter or
month, as applicable. For certain accounts, the fee is based on the average assets in the account
during such quarter or month. Management fees are normally prorated for capital contributions
and withdrawals during the applicable billing period. Accounts initiated or terminated during a
billing period are charged a prorated fee. Upon termination of any account, any prepaid,
unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable.
The client has the right to terminate an agreement without penalty within five business days after
entering into the agreement.

Clients may choose to be billed directly or to have GLA bill the custodian bank, with a copy of the
invoice sent to the client.

The standard per annum investment management fee schedules by product type are listed on
the following pages. Fee schedules differing from these standard schedules may be negotiated
on a client-by-client basis. The minimum account sizes are provided in the charts in the following
pages, although we may accept smaller investments at our discretion.

Certain institutional separate account clients have negotiated “most favored nation” clauses in
their investment advisory agreements with GLA. These clauses may require GLA to decrease the
fees charged to the “most favored nation” client whenever GLA enters into an advisory
agreement at a lower fee rate with another institutional separate account client. The
applicability of a “most favored nation” clause may depend on the degree of similarity between
the clients, including the type of client, advisor servicing and reporting requirements, investment
restrictions, the amount of assets under management and the particular investment strategy
selected by each client.

Performance fees for certain accounts are also available, subject to applicable law, and are
negotiable. (See “Performance-Based Fees and Side-By-Side Management” for more
information.)

Institutional Client Fee Schedule
Unless otherwise agreed, fees are charged quarterly on a pro rata basis in arrears and are
computed based on the market value of the total assets under management at the effective date
...

Item 7 – Types of Clients
GLA provides investment advisory and sub-advisory services to a broad range of clients, including,
but not limited to, corporations, pension plans and profit-sharing plans, defined contribution
plans, public pension funds (e.g., state and municipal government entities), Taft-Hartley plans,
endowments, foundations, private wealth, sub-advised accounts, sub-advised mutual funds and
CITs, pooled investment vehicles, and retail investors in various wrap fee programs. From time
to time, we also provide non-discretionary investment advice to various model delivery wrap
account programs.

Private Wealth Clients are typically retail, mass affluent, and high net worth investors seeking
professional management of their investment portfolios.

GLA provides portfolio management services to a number of third-party all-inclusive fee
programs sponsored by unaffiliated Program Sponsors. Under this type of arrangement, a client
generally signs an investment advisory agreement with the Program Sponsor. GLA signs a sub-
advisory agreement with the Program Sponsor. These agreements may be terminated at the
written request of the client, the Program Sponsor or GLA. Clients are typically charged a single
fee (all-inclusive fee) by the Program Sponsor which covers all services and expenses. This fee is
negotiated between the Program Sponsor and the client. GLA receives a portion of the all-
inclusive fee for our services. In the event of a termination, the advisory fee will be pro-rated.

In addition to all-inclusive fee programs, GLA provides portfolio management services to certain
Overlay or Model Programs. This includes certain Unified Managed Account [UMA] programs.
These programs feature multiple outside investment managers in an advisory arrangement
where different managers manage different portions of a single client’s account. An “overlay”
manager coordinates all the different mangers’ activities, monitors compliance with client
guidelines and restrictions, and monitors trade execution. GLA provides the overlay manager
with an investment model for a certain strategy, as well as regular updates to that model. The
overlay manager may customize the model to the client’s specifications and orders trades which
are executed by the overlay manager’s affiliated broker-dealer. Under such agreements, clients
are generally charged a single fee by the Program Sponsor, covering all services and expenses,
which are negotiated between client and the Program Sponsor. As with all inclusive fee programs
the client enters into an investment advisory agreement with the Program Sponsor. GLA enters
into a sub-advisory agreement with the Program Sponsor. GLA receives a portion of the single
fee charged by the Program Sponsor. These agreements may be terminated at the written
request of the client, the Program Sponsor or GLA.

The fee schedules and minimums for clients are displayed in Item 5. The nature and
circumstances of specific accounts may allow for negotiations of minimums, fees, or
commissions. Fees will vary depending on the size of the account and/or relationship, type of
product and type of account.