PNC Capital Advisors LLC

Item 5. Fees & Compensation
The fees that PCA charges for investment advisory services are specified in the agreements between the Firm and
each of its advisory clients. Generally, fees are based on a standard fee schedule according to the investment
discipline selected (descriptions of the investment strategies available are set out in Item 8 below). Account fees
may be negotiated on a case-by-case basis based on various factors, including, but not limited to, potential growth,
account size, and services rendered. The Firm typically charges fees after services have been rendered, at the end
of each calendar quarter. Clients are responsible for payment of advisory fees regardless of whether the investments
in their account experience gains or losses.

                                Taxable Fixed Income Strategies - Fee Schedule
                 Strategy                               Breakpoint                            Fee
                 Enhanced Cash                          All Assets                           0.15%
                 Short Term Income                      All Assets                           0.15%
                 Ultra Short                            All Assets                           0.15%
                 Short Duration 1-3 Year                Initial $50 million                  0.18%
                                                        Balance                              0.15%
                 Short Duration 1-5 Year                Initial $50 million                  0.18%
                                                        Balance                              0.15%
                 Intermediate Aggregate                 Initial $50 million                  0.25%
                                                        Next $50 million                     0.20%
                                                        Balance                              0.18%
                 Intermediate Government/Credit         Initial $50 million                  0.25%
                                                        Next $50 million                     0.20%
                                                        Balance                              0.18%
                 Core                                   Initial $50 million                  0.25%
                                                        Next $50 million                     0.20%
                                                        Balance                              0.18%
                 Core Plus                              Initial $50 million                  0.25%
                                                        Balance                              0.20%
                 Liability Hedging                      Initial $50 million                  0.25%
                                                        Balance                              0.20%
                 Specialized Solutions                  Initial $50 million                  0.25%
                                                        Balance                              0.20%
                 High Yield                             Initial $50 million                  0.35%
                                                        Next $50 million                     0.25%
                                                        Balance                              0.20%

In addition to the investment styles listed above, PCA provides custom management services. Pricing is based
upon the nature of such services as determined by each client’s specific investment policies, permissible
investments, and other portfolio management parameters.

As a result of mergers or acquisitions, PCA also manages certain accounts on pre-existing legacy fee schedules
that are different from those described above.

When the Firm serves as a sub-adviser, the primary adviser compensates PCA directly for advisory services in an
amount determined according to the agreement between the primary adviser and PCA. Generally, fees paid to the
primary adviser by its clients are governed by an agreement between such clients and the primary adviser. See

Item 7. Types of Clients
PCA provides investment management services to institutional investors, private investment funds, charitable
institutions, foundations, municipalities and other government entities, endowment funds, corporations, public
pension funds, corporate pension and profit-sharing plans and Taft-Hartley plans. PCA does not provide
investment management services to retail investors.

Account Minimums

PCA generally requires a minimum account size of at least $10 million in assets. Short Term Income and Cash
Management portfolios generally require a minimum of $20 million in assets.

PCA may, on a case-by-case basis, negotiate minimum account sizes based on various factors, including but not
limited to potential growth and services rendered. Minimum account sizes vary, depending primarily on the
investment style and other factors.