Shelter Rock Management LLC

Item 5-Fees and Compensation
The Adviser bases its fees on a percentage of assets under management.

The Adviser will bill clients for all fees. Management fees will be deducted directly from
the client’s accounts unless the client requests to manually pay fees. All management fees
are paid quarterly in arrears. Fees are payable on the first day of the calendar quarter. Fees
are based on the account’s asset value as of the last business day of the prior calendar quarter.
Fees for corporate 401(K) clients are based on the average of the plan’s assets for the most
recent quarter. Fees for 401(K) clients may also be based on the plan asset value as of the last
business day of the quarter if it is required by the 401(k) provider selected by the corporate
client. The fees for the first quarter under management will be prorated.

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All services have a $250,000 minimum except for Strategic Income which has a $1 million
minimum. The Adviser may waive these minimum service levels at its discretion. Shelter
Rock Management’s managed account fee schedule is outlined below:

                                                    INVESTMENT STRATEGY
                       Strategic     Conservative        Equity     Select    Equity      Custom
                        Income        Allocation        Income      Equity     Alt       Accounts
    Minimum            $1,000,000      $250,000        $250,000    $250,000   $250,000   $250,000
    Investment

    Management Fees
    Total Client HH      1.00%          1.25%            1.50%      1.50%      1.50%      1.50%
    Assets up to
    $500,000
    Total Client HH      1.00%          1.25%            1.25%      1.25%      1.25%      1.25%
    Assets up to $1M
    Total Client HH      1.00%          1.00%            1.25%      1.25%      1.25%      1.25%
    Assets over $1M
    Total Client HH      1.00%          1.00%            1.00%      1.00%      1.00%      1.00%
    Assets over $2M
    Total Client HH      0.85%          0.85%            0.85%      0.85%      0.85%      0.85%
    Assets over $5M

These breakpoints exclude household assets managed in variable annuity accounts. The
annualized management fee for managing variable annuity mutual fund portfolio accounts
on a discretionary basis is 0.5%.

SMA Sub-Advisory Fees

Shelter Rock Management’s annual fees for SMA Sub-Advisory services are 0.75% and are
charged as a percentage of the assets under management. In accordance with the terms of
each sub-advisory agreement, Shelter Rock Management’s SMA Sub-Advisory fees are
billed quarterly in arrears using the dollar value of the account at the end of each calendar
quarter. The quarterly billable fee is debited or invoiced on or after the last business day of
the calendar quarter; partial periods are pro-rated. Shelter Rock may waive the minimum
account size and sub-advisory fee for these services at its discretion.

Shelter Rock’s corporate 401(k) plan fee schedule is outlined below.

    Corporate 401(k) Plan Asset Size                  401(k) Fee
    Up to $500,000                                    1.00%
    Up to $1,000,000                                  0.75%
    Up to $5,000,000                                  0.60%
    Over $5,000,000                                   0.50%

In certain instances, Shelter Rock’s management fees may be negotiable.

                            Shelter Rock Management, LLC Brochure

Fee Billing
As described above, investment management fees are calculated based on the account value
as of the last business day of the prior calendar quarter and are billed quarterly in arrears.
This means Shelter Rock invoices clients after the end of each three-month billing period.
Fees are generally deducted directly from the client’s account, as authorized by the client,
and payment is expected upon invoicing.

Other Fees
There are several other fees that can be associated with holding and investing in securities.
In addition to the advisory fees paid to Shelter Rock, 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 may include securities brokerage commissions, transaction fees, custodial fees,
margin costs, charges imposed directly by a mutual fund or ETF in a client’s account, as
disclosed in the fund’s prospectus (i.e., fund management fees, 12b-1 fees, and other fund
expenses), deferred sales charges, wire transfer, and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Management fees charged by
Shelter Rock are separate and distinct from the fees and expenses charged by the third parties
in connection with the securities that are recommended to you.

Shelter Rock will consider the internal fees and expenses associated with each share class
when selecting mutual funds that have multiple share classes for recommendation to clients,
and it is Shelter Rock policy to choose the lowest-cost share class available, absent
circumstances that dictate otherwise. For a complete discussion of expenses related to each
mutual fund, you should read a copy of the prospectus issued by that fund. Shelter Rock can
provide or direct you to a copy of the prospectus for any fund that we recommend to you.

SMA advisory clients may be charged various fees in addition to the advisory fee charged
by Shelter Rock Management. These fees may include investment advisory fees of
independent advisers, brokerage fees, custodial fees, and other related charges. Clients
should consider these additional costs when evaluating the overall expenses associated
with their account, including how the frequency of portfolio transactions and other factors
may impact the total cost of services.

Item 6-Performance Fees
The Adviser does not use a performance-based fee structure.

Item 7-Types of Clients

Description
The Adviser generally provides investment advice to individuals, pension, profit-sharing
plans, corporations or business entities. Relationships vary in scope and length of service.

Account Minimums
The Adviser requires a minimum of $250,000 to establish a new Advisory account; however,
the minimum may be waived at the sole discretion of the Adviser.

                            Shelter Rock Management, LLC Brochure