Sompo Asset Management Co Ltd

Item 5 - Fees and Compensation

For U.S. based Clients, SAM receives a fee based on a percentage of assets under management.
SAM does not have a standardized fee schedule. Each fee is agreed upon between the Client and
SAM and is documented in each advisory agreement. SAM only charges fees in arrears that are
based on a percentage of assets under management. Management fees are generally calculated and
paid quarterly in arrears.

SAM invoices each Client who pays SAM directly. SAM does not have the authority to debit fees
for services provided. Clients are either provided an invoice or calculate their own fee and pay
SAM via a wire or check.

The management fee may be waived, reduced or calculated differently with respect to SAM’s
affiliates, members or employees or any particular affiliated or unaffiliated Client at SAM’s
discretion.

Investment Model Clients

As noted above, SAM provides investment model portfolio services to Investment Model Clients.
SAM amends and updates the model portfolios from time to time and provides updated
information to the Client. In such programs, the Investment Model Client typically pays a fee to
SAM as compensation for the investment advisory services that it renders to the Client. SAM is
not responsible for placing trades for its Investment Model Clients.

Item 7 - Types of Clients
SAM provides investment advisory services, on a discretionary basis, primarily to institutional
Clients, which include, but are not limited to, pension funds, financial institutions, multi-manager
funds, family offices, high net worth individuals, and private banks.

SAM also provides investment advisory services to institutional Clients through the provision of
model portfolios as described above in Item 5.

SAM negotiates each Client relationship. Normally, SAM’s minimum for entering into a Client
advisory account is $50 million dollars.