Radnor Capital Management LLC

Item 5: Fees and Compensation

 RCM offers services on a fee basis, which could include fixed fees, as well as fees based upon assets under
 management or advisement.

 Wealth Management Fees

 RCM’s fee structure is outlined below. Please note that the fees outlined represent fee guidelines, and the
 Firm reserves the right, at its sole discretion, to negotiate fees with existing clients or prospective clients.

 Occasionally, under certain circumstances a fixed rate may apply, or the Firm may charge a lesser fee based
 upon certain criteria (e.g., historical relationship, type of assets, dollar amount of assets to be managed,
 anticipated future earning capacity, account retention, related accounts, account composition, pro bono
 activities and negotiations with clients, etc.). The Firm’s fees range from 0.20%-1.00% of assets under
 management, based on the gross value of the assets as of the last day of the previous quarter. For clients
 whose assets are managed by the firm, investment advisory fees will be debited directly from each client’s
 account. The advisory fee is paid quarterly in arrears, and the value used for the fee calculation is the last
 business day of the previous quarter. This means that if your annual fee is 1.00%, we will take the previous
 quarter’s ending value, multiply the value by 1.00%, and then divide by 4 to calculate our fee. To the extent
 there is cash in your account, it will be included in the value for the purpose of calculating fees only if the
 cash is part of an investment strategy. Once the calculation is made, we will instruct your account custodian

 via written notice to deduct the fee from your account and remit it to RCM.

 For the initial period of an engagement, the fee is calculated on a pro rata basis. Clients may terminate their
 relationship with the Firm by providing written notice of termination. In the event the advisory agreement
 is terminated, the fee for the final billing period is prorated through the effective date of termination.

 Additional Fees and Expenses

 In addition to the advisory fees paid to RCM, clients also incur certain charges imposed by other third
 parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
 (collectively “Financial Institutions”). These additional charges include securities brokerage commissions,
 custodial fees, fees attributable to alternative assets, reporting charges, margin costs, charges imposed
 directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund
 management fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire
 transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions.
 When selecting mutual funds that have multiple share classes for recommendation to clients, RCM will take
 into account the internal fees and expenses associated with each share class, and it is RCM’s policy to choose
 the lowest-cost share class available, absent circumstances that dictate otherwise.

 The Firm’s brokerage practices are described at length in Item 12, below.

 Direct Fee Debit

 Clients generally provide RCM with the authority to directly debit their accounts for payment of the
 investment advisory fees. The Financial Institutions that act as the qualified custodian for client accounts,
 from which the Firm retains the authority to directly deduct fees, have agreed to send statements to clients
 not less than quarterly detailing all account transactions, including any amounts paid to RCM.

 Account Additions and Withdrawals

 Clients may make additions to and withdrawals from their account at any time, subject to RCM’s right to
 terminate an account. Additions may be in cash or securities provided that the Firm reserves the right to
 liquidate any transferred securities or decline to accept particular securities into a client’s account. Clients may
 withdraw account assets on notice to RCM, subject to the usual and customary securities settlement procedures.
 However, the Firm generally designs its portfolios as long-term investments, and the withdrawal of assets may
 impair the achievement of a client’s investment objectives. Where necessary, the Firm consults with its clients
 about the options and implications of transferring securities. Clients are advised that when transferred securities
 are liquidated, they may be subject to transaction fees, short-term redemption fees, fees assessed at the mutual
 fund level (e.g., contingent deferred sales charges) and/or tax ramifications.

Item 7: Types of Clients

 RCM offers services to individuals, families, businesses, professional corporations, sole proprietorships,
 foundations, religious organizations, endowments and charitable organizations and institutions.

 Minimum Account Requirements

 RCM does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an
 investment advisory relationship.