St Denis J Villere & Co LLC

Item 5 – Fees and Compensation

A. Our fees are computed as a percentage of assets managed. We charge 1% on the first $5 million, and
   then 0.75% on the amount between $5 million and $10 million, and then 0.50% on the amount above
   $10 million. Fees are negotiable in limited circumstances.

    Margin Accounts: Risks/Conflict of Interest. Villere does not recommend the use of margin for
    investment purposes. A margin account is a brokerage account that allows investors to borrow
    money for the purchase of securities or for other non-investment borrowing purposes. The
    broker/custodian charges the investor interest for the right to borrow money and uses the securities
    as collateral. By using borrowed funds, the customer is employing leverage that will magnify both
    account gains and losses. Should a client determine to use margin, Villere will include the entire
    market value of the margined assets when computing its advisory fee. Accordingly, Villere’s fee
    shall be based upon a higher margined account value, resulting in us earning a correspondingly
    higher advisory fee. As a result, a potential of conflict of interest arises since we may have an
    economic disincentive to recommend that the client terminate the use of margin. Clients should
    note that the use of margin can cause significant adverse financial consequences in the event of a
    market correction.

B. Our fees are computed quarterly in arrears and, when authorized, deducted directly from client custodial
   accounts. Clients can be billed directly.

C. Clients incur certain charges imposed by the Financial Institutions and other third parties such as
   brokerage commissions, transaction fees, prime settlement fees (in the case of trade-away transactions),
   margin costs, custodial fees, fees attributable to alternative assets, reporting charges, charges imposed
   directly by a mutual fund or ETF in the account, which shall be 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. Such charges, fees and commissions are exclusive of and in addition to Villere's
   fee.

D. We do not collect fees in advance.

E. None of our supervised persons accepts compensation for the sale of securities or other investment work
   product.
Form ADV Part 2 Brochure and Supplements – Villere & Co.                                     Page 4 of 19

Item 7 – Types of Clients

We have a large variety of clients including individuals, multi-generational families, institutions, retirement
plans, and corporations. Although we do not have a minimum account size, we generally discourage accounts
of less than $1 million on the advisory side of our business. As noted in Item 2, effective April 24, 2026, the
Villere Balanced Fund and the Villere Equity Fund are no longer available for new purchases. We anticipate
completing the full liquidation of the Funds as of the close of business on June 15, 2026. We have provided
additional communications to Clients invested in the Funds regarding the timing and options available.
Clients invested in the Funds may experience liquidation of holdings, reinvestment into alternative
investments and potential tax consequences depending on account type. We will work with Clients to
identify suitable alternatives based on their investment objectives.