Lafayette Advisors LLC

Item 5-Fees and Compensation
Lafayette will be compensated for its investment advisory services through a management fee based on
the assets of the Funds under our management as follows:

       Share Class A Annual rate between 40-45 basis points
       Share Class B Annual rate between 40 45 basis points
       Share Class C Annual rate between 80-85 basis points

This management fee will be paid directly to Lafayette on a monthly basis in arrears. Our management fee
is not negotiable. The management fee we receive will not include brokerage commissions or other fees
or charges associated with securities transactions implemented with or through a brokerage firm, mark-
ups or mark-downs in principal transactions, deferred sales charges, odd-lot differentials, stock exchange
fees, wire transfer or related processing fees, transfer taxes or other charges mandated by law or regulation
all of which will be incurred by the Funds in addition to our fee. Neither we nor WST receive any portion
of any of the foregoing expenses or fees. Please refer to the section on Brokerage Practices in this brochure
for more information on how brokerage firms are selected for securities transactions and information
related to that process.
In addition, it should be understood that mutual funds, including exchange traded funds, in which assets
are invested impose separate investment management fees and other operating expenses, described in the
fund’s prospectus, which are charged separately from the management fee paid to us for our services.

WST will receive a portion of the management fee received by Lafayette for its sub advisory services.

Similar or comparable services may be available from other firms including other investment management
firms at a cost higher or lower than that available through us.

Item 7- Types of Clients
Our only client is the Trust which includes the Funds described in the section on Advisory Services in this
brochure.