Marietta Investment Partners LLC

Item 5 - Fees and Compensation

Fees are calculated in accordance with the following fee schedules. Fees are based on assets
under management at the beginning of each calendar quarter and are payable in advance.
Marietta does not retroactively adjust fees due to cash flows during the billing period except in
extraordinary circumstances considered on a case-by-case basis. Unless otherwise agreed, fees
for clients with multiple accounts will be based on aggregate assets under management and
prorated at the direction of the client. Unless clients otherwise direct Marietta in writing,
Marietta will deduct advisory fees directly from the client’s custodial account on a quarterly
basis. We encourage you to review the advisory fee deductions reflected in the account
statements provided by the custodian.

Standard Annual Fee Schedule for Customized Portfolios (“Standard Fee Schedule”):

                                                      Application of Standard Fee Schedule
                                   Annual Rate         Total Assets       Average Fee Rate
 On the first $1 million             1.00%               $1 million            1.00%
 On the next $4 million              0.80%               $5 million            0.84%
 On amounts over $5 million          0.50%              $10 million            0.67%
                                                        $20 million            0.59%

Marietta Investment Partners, LLC
Form ADV, Part 2A

Marietta will apply the Standard Fee Schedule to clients with any portion of their assets managed
by Marietta in customized portfolios.

Annual Fee Schedule for Marietta Equity Programs (“Program Fee Schedule”).

                                                       Application of Program Fee Schedule
                                    Annual Rate         Total Assets       Average Fee Rate
 On the first $5 million              0.80%               $5 million            0.80%
 $5 million to $10 million            0.75%              $10 million            0.78%
 $10 million to $25 million           0.70%              $25 million            0.73%
 $25 million to $50 million           0.65%              $50 million            0.69%
 On amounts over $50 million          0.60%             $100 million            0.65%

Marietta will apply the Program Fee Schedule to clients who invest the entirety of their assets
managed by Marietta in any of the Marietta Equity Programs, specifically the Marietta
International Equity Program, Marietta Global Equity Program, Marietta U.S. Equity Program,
Marietta Mid-Cap Growth Equity Program, Marietta U.S. ESG Equity Program and Marietta
International ESG Equity Program.

Marietta’s fees are generally not negotiable. However, depending on a number of factors,
including the services offered and the relationship between Marietta and the client, the actual
advisory fee may be more or less than the fees stated above. Accounts of persons affiliated with
Marietta (including employees, family members and friends) are typically managed without fees
or at reduced fees. At its sole discretion, Marietta will waive some or all of its fees for existing
clients who no longer meet Marietta’s account minimums. Investment management agreements
may be terminated by either Marietta or the client on 30 days’ prior written notice. In the event
an investment management agreement is terminated, the client will receive a pro rata refund of
the prepaid advisory fee.

Marietta’s fees do not include brokerage commissions or custodial fees. For more information
on these types of fees, see Item 12, “Brokerage Practices,” below. Moreover, clients whose
assets are invested in mutual funds and ETFs will pay both a direct management fee to Marietta
and the proportionate share of a fund’s expenses, including the investment management fees to
the fund’s investment adviser. Please refer to each fund’s prospectus for more information.
Neither Marietta nor its employees accept compensation for the sale of securities or other
investment products, and Marietta is not affiliated with mutual funds or ETFs recommended for
investment within client accounts.

Account Valuation Practices

Our standard process is to use account market values for publicly traded securities supplied by our
clients’ custodians or a pricing service to calculate investment performance and client fees. While
this rarely occurs, if we are unable to receive a price from our standard process or if we believe a
price supplied is not indicative of an accurate market value, we will attempt to obtain a price from
a separate independent pricing source. If a price is still not available, we will establish a fair value
for the security by using factors or approaches we feel are appropriate for the specific situation,
such as quotes obtained from third-party broker dealers.

Marietta Investment Partners, LLC
Form ADV, Part 2A

Item 7 - Types of Clients

Marietta generally provides investment advice to individuals, trusts, estates and institutional
clients including charitable organizations, pension and profit sharing plans, and corporations or
other business entities. Our minimum account size is generally $2,000,000. The minimum
account size for accounts in the Marietta Equity Programs is $200,000, and the minimum for
additional investments in the account is $100,000. At our sole discretion, we will waive these
minimums in special circumstances; for example, when managing the account of an existing
client’s child, family member or personal friend or if we expect to manage additional client
assets in the future.

Select clients are family members or personal friends with firm personnel, including firm
partners. As such, these clients maintain separate personal relationships with firm personnel. At
times, firm personnel will engage in personal business dealings with these clients as a natural
extension of their outside personal relationships.

Given the inherently close working relationship we have with our clients, we expect relationships
with clients to continue to evolve. These expanded relationships present an inherent conflict to
provide preferential treatment to certain clients. We believe our firm’s steadfast dedication to
fairness and integrity, along with our policies and procedures designed to ensure clients are
treated fairly as summarized within this disclosure brochure, helps to mitigate this conflict.
Also, employee outside business activities require advanced approval, with the goal of
identifying and determining how to mitigate conflicts identified (potentially including denying
the request to participate in the outside business activity).

The investment management agreement with the client dictates account termination protocols.