McKinley Capital Management LLC

5. FEES AND COMPENSATION Standard Fee Schedules

GLOBAL CORE GROWTH

 On amounts up to $200 million Cumulative Fee
                                                          First           $ 10,000,000              0.75%
 Schedule Institutional Separate Account
                                                          Next            $ 15,000,000              0.65%
                                                          Next            $ 25,000,000              0.60%
                                                          Next            $100,000,000              0.50%
                                                          Next            $ 50,000,000              0.48%

 On amounts $200 million - $900 million                   First           $200,000,000              0.50%
 Cumulative Fee Schedule Institutional Separate
 Account

                                                          Next            $100,000,000              0.45%
                                                          Next            $100,000,000              0.40%
                                                          Next            $100,000,000              0.35%
                                                          Next            $100,000,000              0.30%
                                                          Next            $100,000,000              0.25%
                                                          Next            $200,000,000              0.225%

 On amounts not less than $900 million Cumulative         First           $900,000,000              0.35%
 Fee Schedule Institutional Separate Account

                                                                               McKinley Capital Management, LLC
                                                                                             Disclosure Brochure

                                                         Thereafter      *Negotiable               0.32%

GLOBAL HEALTHCARE TRANSFORMATION

 On amounts up to $200 million Cumulative Fee
                                                         First           $ 10,000,000              0.825%
 Schedule Institutional Separate Account
                                                         Next            $ 15,000,000              0.715%
                                                         Next            $ 25,000,000              0.660%
                                                         Next            $100,000,000              0.550%
                                                         Next            $ 50,000,000              0.528%

 On amounts $200 million - $900 million                  First           $200,000,000              0.5500%
 Cumulative Fee Schedule Institutional Separate
 Account

                                                         Next            $100,000,000              0.4950%
                                                         Next            $100,000,000              0.4400%
                                                         Next            $100,000,000              0.3850%
                                                         Next            $100,000,000              0.3300%
                                                         Next            $100,000,000              0.2750%
                                                         Next            $200,000,000              0.2475%
                                                         Thereafter      *Negotiable               0.3740%

 On amounts not less than $900 million Cumulative        First           $900,000,000              0.385%
 Fee Schedule Institutional Separate Account
                                                      Thereafter      *Negotiable             0.325%
Performance fees may be available above a stated base but must be negotiated and defined in writing in
advance of the initial period. Depending on performance, actual fees may be higher or lower than amounts
quoted here in any designated period.

U.S. EQUITY INCOME

 Cumulative Fee Schedule Individual Separate             Minimum         $50,000                   0.650%
 Account                                                 First           $1,000,000
                                                         Thereafter                                0.500%

 Fee Schedule Institutional Separate Account             Minimum         $10,000,000               0.500%

                                                         Thereafter      *Negotiable

U.S. LARGE CAP GROWTH / GLOBAL GROWTH ADR / NON-U.S. GROWTH ADR

 Cumulative Fee Schedule Individual Separate          Minimum            $100,000                0.75%
 Account
All initial accounts or combined household accounts that deposit $5 million or more may qualify for a
negotiated rate. Accumulated assets under management as a result of market appreciation do not qualify for
this negotiated rate. Clients must discuss this rate with their customer services representative at the time of
deposit.

U.S. LARGE CAP GROWTH

 Cumulative Fee Schedule Institutional Separate          First           $ 10,000,000              0.700%
 Account

                                                                               McKinley Capital Management, LLC
                                                                                             Disclosure Brochure

                                                         Next           $ 15,000,000               0.600%
                                                         Next           $ 25,000,000               0.550%
                                                         Next           $100,000,000               0.500%
                                                         Over           $150,000,000               Negotiable

BUSINESS DEVELOPMENT CORPORATION (BDC)

 Cumulative Fee Schedule Individual Separate            Minimum         $25,000                   0.750%
...

7. TYPES OF CLIENTS

McKinley Capital provides investment advisory and sub-advisory services to institutional, individual and
high net-worth investors. Since its inception in 1990, McKinley Capital has acquired substantial mandates
from a diverse group of institutional clients, consisting primarily of foreign and U.S. domiciled corporate,
state or municipal government and public retirement plans, foundations, charities, endowments, Taft Hartley,
union, private investment funds, collective investment trust funds, partnerships, trusts, public and private
education plans, registered and non-registered funds, and sub-advisory relationships.

                                                                               McKinley Capital Management, LLC
                                                                                             Disclosure Brochure

While McKinley Capital has a greater number of individual high net-worth and wrap program clients, the
majority of assets under management are for institutional accounts. The firm has a diverse array of client
types and broad diversification among the top 10 clients.

Current Managed (Wrap) Programs include:

   Envestnet Premier Asset Management Program
   Sponsored by Envestnet Asset Management

McKinley Capital reserves the right to waive minimum investments for initial and on-going relationships.
Not all products offer the exact same investment services.

The suggested minimum investment level for individual accounts is described below:

  Product                                          Minimum
  Large Cap Growth                                 $100,000
  Non-U.S. Growth ADR                              $100,000
  Global Growth ADR                                $100,000
  U.S. Equity Income                               $50,000
  Diversified Income                               $250,000
  Business Development Company                     $25,000

Each individual wrap program clearly defines its minimums in the account documentation provided by the
wrap sponsor.

Non-registered Commingled/Pooled Fund investments are available only to qualified investors and
minimums range from $500,000 to $5 million depending on the investment.

McKinley Capital acts as the general partner for various limited liability partnerships. Investment limits and
guidelines are included in the applicable offering memorandum. Please refer to Item 10 for details.