KBI Global Investors North America Ltd

ITEM 5: FEES AND COMPENSATION

    A. Funds

    (i)      KBI Global Investors Aquarius Fund
Compensation received by Registrant from the KBI Global Investors Aquarius Fund is calculated daily and paid monthly at an
annual rate of 0.85% of the average daily net assets of the Fund less expenses in excess of Total Expense Ratio (“TER”) cap of
1%.

The Redemption Fee is (as a percentage of amount redeemed, if shares redeemed have been held for less than 30 days):
2.00%.

Investors should review the Fund’s Prospectus, Statement of Additional Information, subscription documents, and other
offering materials (if any) for additional or supplementary information regarding this Fund as well as a complete description
of the fees paid by the Fund.

The Annual Fund Operating Expenses are (expenses paid as a percentage of the value of each investor’s investment):

                                                                     Institutional Shares          Investor Shares
    Other Expenses                                                           0.24%                      0.49%
    Distribution and/or Service (12b-1) Fees                                 None                       0.25%
    Other Operating Expenses1                                                0.38%                      0.38%
    Total Annual Fund Operating Expenses                                     1.13%                      1.38%
    Less Fees Reductions and/or Expense Reimbursements 2                    (0.13)%                    (0.13)%
    Total Annual Fund Operating Expenses After Fee Reductions                1.00%                      1.00%
    and/or Expense Reimbursements

Please note that, as of March 27, 2026, the Investor Share Class has not yet been launched.

Further information related to these expenses can be found in the Fund’s Prospectus which can be accessed on the fund’s
website: https://www.kbigiusmutualfunds.com

    (ii)     Skellig Delaware Statutory Trust (“DST”)
Compensation received by Registrant from the DST is comprised of fees based on a percentage of assets under management
and range from 0.65% to 0.85% per annum. Registrant may at its discretion reduce or waive part or all of the advisory fees.
These fees are accrued/charged within the NAV in line with normal market practice.

In addition to Registrant’s fees, investors will bear indirectly the fees and expenses charged to the DST. Those fees will vary,
but typically include the following: custody, fund administration, transaction costs, broker, auditor, legal, tax and research
fees, where applicable. In addition, investors in the DST are subject to anti-dilution levies, which are designed to protect the
funds from the trading costs associated with redemptions and subscriptions. In certain circumstances, Registrant has the
discretion to not charge certain funds expenses that other funds will bear. In these instances, Registrant covers the cost.

    1. Redemption Costs
In order to reflect certain brokerage and related transaction costs associated with a redemption and to protect existing
investors in the DST from having to bear such costs, the Sub Funds may impose a transaction fee (“Withdrawal Charge”)
payable to the DST and not to exceed a certain percentage of the net withdrawals from the DST as follows:

    Name                                                          Maximum Amount
                                         Sub funds of “Skellig Delaware Statutory Trust”
    Skellig DST Water Fund                                        Up to 0.15% of the net withdrawals from the Fund.
    Skellig DST Global Solutions Fund                             Up to 0.15% of the net withdrawals from the Fund.

The Withdrawal Charge is automatically deducted from the redemption proceeds and is paid directly to the DST, and not to
Registrant.

     2. Subscription Costs
In order to reflect certain brokerage and related transaction costs associated with converting the cash contributed by the
investors in the DST into suitable investments for the DST, including contribution charges imposed by the DST, and to protect
existing investors from having to bear such costs, the DST may impose a transaction fee (“Contribution Charge”) payable to
the DST which will not exceed a certain percentage of the net cash contributions to the DST as follows:

    Name                                                         Maximum Amount
                                         Sub funds of “Skellig Delaware Statutory Trust”
    Skellig DST Water Fund                                       Up to 0.15% of the net cash contributions to the Fund
    Skellig DST Global Solutions Fund                            Up to 0.15% of the net cash contributions to the Fund.

The Contribution Charge is automatically deducted from the subscription payment and is paid directly to the DST, and not to
Registrant.

Investors should review the DST’s private placement memoranda, subscription documents, and other offering materials (if
any) for additional or supplementary information regarding the DST as well as a complete description of the fees paid by the
DST.

As detailed in the DST documentation, these fees can be reduced or waived by Registrant.

     (iii) KBI Global Investors (NA) Ltd. (CIT)
In terms of the Maximum Total Fee, each class of unit in each Fund of the CIT is subject to an annual fee, accrued daily and
paid monthly in arrears, for the trustee, management, and administrative services provided by the Trustee and Registrant,
based on the net asset value of units in each class, at the rates set forth below:

 Name                                                        Maximum Total Fee
                                                    Funds of the CIT
 KBI Emerging Markets Equity CIT- Class A (dormant)          Up to 0.65%
 KBI Emerging Markets Equity CIT – Class B                   Up to 1.00%
 KBI EAFE Markets Equity CIT – Class A (dormant)             Up to 1.10%
...

ITEM 7: TYPES OF CLIENTS

Registrant’s Clients shall generally include pension plans, investment companies, charitable organizations, sub advisory
relationships, endowments, and foundations. Separate Account Clients must generally have a minimum account balance of
$20,000,000. Registrant also provides non-discretionary advisory services in the form of investment model provision.

     (i)      KBI Global Investors Aquarius Fund
The KBI Global Investors Aquarius Fund offers two classes of shares to investors: Institutional Shares and Investor Shares (as
further described in the Prospectus). To purchase Institutional Shares and Investor Shares of the Fund for the first time, you
must invest at least $100,000 and $10,000, respectively. As of the date of the Prospectus, Investors Shares of the Fund are
not available for purchase. There is no minimum for subsequent investment amounts. The Fund may accept investments of
smaller amounts in its sole discretion.

     (ii)     Skellig Delaware Statutory Trust
A minimum of $1,000,000 is normally required for an investment in the Fund. This minimum may be waived at Registrant’s
sole discretion. In addition, investments in the Fund are generally limited to certain eligible investors, a complete description
of which is available in the Fund’s offering memorandum.

     (iii)    KBI Global Investors (NA) Ltd. CIT
A minimum of $1,000,000 is normally required for an investment in the Fund. This minimum may be waived at Registrant’s
sole discretion. In addition, investments in the Fund are generally limited to certain eligible investors, a complete description
of which is available in the Fund’s documentation.