Reynders McVeigh Capital Management LLC

Item 5: Fees and Compensation
SMA Management Fees: Reynders, McVeigh’s standard annual fee rate for managed accounts is 1 percent of the
household’s first $3 million under management, and 0.75 percent on any assets under management in excess of $3
million. Accounts invested solely in the Firm’s fixed income strategy are charged an annual management fee of 0.30

percent. Management fees are negotiable based upon circumstances and relationships with clients, including the scope
of the Firm’s services. Certain legacy client relationships are subject to flat-fee arrangements, which are generally not
available to new clients.

The Firm’s management fee for a separately managed account (the “SMA management fee”) is calculated based on
the quarter-end value of the account. SMA management fees are generally billed quarterly in advance, meaning that
clients are invoiced at the beginning of each billing period. Fees may be billed in arrears upon request. Either party
may terminate services at any time upon written notice, and any unearned fees paid in advance will be refunded.

SMA management fees are typically deducted directly from client accounts with prior written authorization. Clients may
direct that fees be deducted from another account under the Firm’s management, except that retirement accounts may
not be used to pay fees for other accounts. Clients may also elect to be invoiced directly. In all cases, clients receive
fee calculations from the Firm.

Fund Management Fees: The Reynders, McVeigh Core Equity Fund pays a management fee of 0.75% to the Firm.
In addition to the management fee, the Fund also pays expenses (capped at 0.20%) related to the organization,
offering, and administration of the Fund. These expenses are set forth in the prospectus and Statement of Additional
Information (“SAI”) for the Fund, and investors in the Fund bear a pro-rata share of the Fund’s fees and expenses.

Client assets invested in the Fund are excluded from the assets used to calculate the Firm’s SMA management fee.
As a result, the Firm does not receive both an SMA management fee and a Fund management fee on the same assets.

Reynders, McVeigh is not compensated for the sale of Fund shares or shares of any other mutual funds, ETFs, or
other investment products.

Fees for Other Advisory Services: The Firm does not maintain a standard fee schedule for its other advisory
services. Fees are negotiated on a case-by-case basis depending upon the nature and the scope of the services
provided. The Firm does not charge a separate fee for financial planning services and generally provides financial
planning only to clients who meet and maintain the Firm’s minimum account size.

Other Fees and Expenses: Clients incur additional fees and expenses, depending on specific circumstances, as
summarized below (see Item 12 herein for additional information on brokerage and other transaction costs).

    •   Custodial fees associated with maintaining client accounts;
    •   Brokerage commissions, mark-ups, or mark-downs on securities transactions (particularly fixed income);
    •   Exchange fees, if these are passed on to clients by the broker-dealer executing the transaction;
    •   SEC fees on exchange-listed equity transactions;
    •   Internal fees and expenses charged by mutual funds, ETFs, and private investment vehicles;
    •   Deferred sales charges (on mutual funds or annuities);
    •   Transfer taxes;
    •   Wire transfer and electronic fund processing fees.

Reynders, McVeigh does not earn revenue from any of the following fees or expenses.

Item 7: Types of Clients
Reynders, McVeigh provides discretionary and non-discretionary investment management services and investment
advice to the following types of clients: individuals, including high net-worth individuals; trusts, estates, and charitable
organizations; corporations and other businesses; pension and profit-sharing plans; family offices; and trusts
administered by law firm trust departments, as well as a mutual fund, as described in Items 4, 10 and 11. The Firm also
provides financial planning services to retail investor clients and investment consulting services (in the form of model
portfolio advice and strategies) to institutional clients.

In order to establish or maintain an investment advisory relationship, Reynders, McVeigh generally requires a minimum
of $1,000,000, which may be aggregated across related accounts. The Firm retains discretion to accept or maintain
client relationships below this minimum. The Firm may also provide supplemental services, such as financial planning,
gift planning and legacy planning, to clients who maintain the minimum account size.

When Reynders, McVeigh provides investment advice to clients regarding retirement plan accounts or individual
retirement accounts, the Firm acts as a fiduciary within the meaning of applicable law, including the Employee
Retirement Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code. The way the Firm is
compensated may create conflicts with retirement clients’ interests; however, the Firm is required to act in the best
interests of such clients.