Washington Crossing Advisors LLC

Item 5 – Fees and Compensation

WCA has standard fee schedules based on the type of account and/or services provided and the particular
investment strategy involved. Typically, the standard fee schedules are based on a percentage of the net
market values of assets advised using the applicable strategy based on market close prices as of the last
business day of the preceding quarter, or initial offering period in the case of the WCA UIT. Depending
upon the method used by the Wrap Sponsor, Dual Contract platform, or trust sponsor, fees may be based
on average daily net market values of assets during the billing period.
The fees WCA receives for its services are a portion of the fee that a client pays to the Wrap Sponsor,
Dual Contract platform, or Model Firm. The fees WCA receives are negotiated with the Wrap Sponsor,
Dual Contract platform, or Model Firm, not the investing client. If the Wrap Sponsor, Dual Contract
platform, or Model Firm prorates its fees based on the time during a quarter in which its client opens an
account, WCA’s fees also will be prorated. WCA’s fees are also affected if the Wrap Sponsor, Dual
Contract platform, or Model Firm reimburses pre-paid fees in the event such a client terminates an
account during a quarter. For complete information on Wrap Sponsor, Dual Contract platform, and
Model Firm’s fees, please refer to that firm’s Form ADV Part 2A. The Wrap Sponsor generally pays
WCA a fee based on assets managed in connection with the Wrap Program. The fees we receive in
connection with Wrap Programs may vary from fees charged to other clients and between Wrap
Programs. For our services, we receive a portion of the total wrap fee charged by the Wrap Sponsor.
Fees for other discretionary investment management services related to the WCA UIT are described in
the registration statements or similar documents of those funds, including the prospectus or offering
documents, which are available on the third-party trust sponsor’s website.
In general, the Wrap Sponsor or Model Firm may terminate our agreement by providing WCA with
written notice. Upon termination, WCA is entitled to receive any fees that have been earned but not yet
paid.
WCA charges an annual fee for investment services as a percentage of assets under management that
generally ranges from 35 basis points to 50 basis points annually.
WCA’s current maximum fee schedule for its strategies is as follows:
        •   Equity strategies: 50 basis points annually
        •   Fixed income strategies: 35 basis points annually
        •   Balanced strategies: 40 basis points annually.
Typically, clients are invoiced their fees directly on a quarterly basis. Depending upon the Wrap Sponsor,
fees are invoiced either in advance or in arrears; the invoicing method for each account is identified in the
advisory agreement between the Wrap Sponsor and client. All fee billing is managed by the Wrap Sponsor
or Model Firm.
If an account that pays in advance is closed during a billing period, a pro rata fee is calculated for the time
that the account was in existence during the quarter and any unused portion of the advance payment will
be returned to the Wrap Sponsor or Model Firm.

Fees Negotiable
From time to time, WCA may negotiate fees with Wrap Sponsors, Model Firms, or Dual Contract
platform clients depending on, but not limited to, account size, customization, multi-product
relationships, the date of establishment of the advisory relationship, or other circumstances or factors that
WCA may deem relevant.
Employees (and relatives) of WCA and affiliates typically receive a discount from the preceding
schedules or, in some cases, may not pay an investment management fee at all.

Item 7 – Types of Clients
WCA generally provides its services to individuals, including high-net-worth individuals, trusts, as well
as Wrap Sponsors and Model Firms. The financial advisors to the Wrap Accounts or Dual Contract
platform client accounts determine the investment amount allocated for their clients in the portfolios
offered in each program which utilizes our services.

WCA’s minimum investment amount per strategy as a discretionary investment manager to Stifel as Wrap
Sponsor is shown below:

   •    Equity strategies: $35,000
   •    Fixed Income strategies: $150,000
   •    Asset Allocation strategies: $25,000
   •    Balanced strategies: $250,000

WCA’s minimum investment amount for Dual Contract platforms is $500,000.

Accounts below these established minimum investment amounts for Stifel Wrap Fee Programs and Dual
Contract platform clients may be accepted on a case-by-case basis.

Investment minimums for the WCA UIT are stated in the fund’s prospectus.