Weatherbie Capital LLC

(5) Fees and Compensation:

Weatherbie is generally paid an advisory fee, calculated as a percentage of assets under
management. Weatherbie’s standard fee schedules for separate accounts are presented below.
Fees are negotiable and, as a result of client circumstances (for example, the level of investment
management activity and supervision required for the client’s account, the size of the account, the
number and size of other accounts managed for the client and its affiliates, or the length of the
relationship), certain clients pay higher or lower fees than those noted below and one client may
pay a higher fee to Weatherbie than a second client who is receiving substantially similar services.

Most clients are billed in arrears, either on a monthly or quarterly basis, with billing generally
based on the account’s total market value at the end of each billing period or the average net asset
value over the billing period. For clients that are billed in advance, if the advisory contract is
terminated before the end of the billing period, Weatherbie will refund a pro rata portion of the
advisory fee.

Employees and their immediate family members, and board members of Weatherbie and its
affiliates, as well as members of the board of trustees of FAM-advised funds, can hire Weatherbie
for investment advisory services and will be charged reduced or no advisory fees.

Fee Schedule (per annum)

 Select 15                                          Specialized Growth

 0.95%              First $25 million               0.85%              First $60 million

 0.90%              Next $25 million                0.75%              Next $40 million

 0.85%              Next $50 million                0.60%              Next $150 million

 0.80%              Over $100 million               0.50%              Over $250 million

 Long/Short                                         Growth

 0.75%              Management Fee                  0.75%              Management Fee

 15%                Performance Fee                 15%                Performance Fee

Wrap Program Fee Structures

Wrap account clients are generally billed by the wrap program sponsor, with a portion of such fee
paid to Weatherbie as discussed above. For its services in wrap programs, Weatherbie generally
receives fees ranging between 0.35% and 0.50% of an account’s market value annually.

Custodial and Brokerage Fees

Each client (other than wrap program clients described above) must select a custodian (generally
a bank or broker-dealer) to provide custodial services in connection with the management of its
account. Clients will incur the cost of these services, including any additional costs charged by
custodians.

Weatherbie’s advisory fees also generally do not include the costs, expenses or commissions that
broker-dealers may charge in connection with transactions executed on behalf of an account,
including mark-ups, mark-downs, or dealer spreads that broker-dealers may receive when acting
as principal in certain transactions. Brokerage is discussed in more detail in Item 12: Brokerage
Practices.

Investment Fund Fees

Investors can access Weatherbie’s capabilities through U.S. and foreign registered and privately
offered funds advised or sub-advised by Weatherbie. In such cases, Weatherbie or its affiliates
can receive, in addition to advisory fees, performance-based, shareholder servicing,
administration, co-administration and/or distribution fees directly from the funds, from the
investors in the funds, and/or from the funds’ other investment advisers registered funds for which
Weatherbie acts as a sub-adviser. The fees and other contractual arrangements for each of these
funds are described in the prospectus or other offering documents for each such fund and differ
from the separate account fees described above.

Subject to requirements of applicable law and the consent of each client (if applicable), Weatherbie
can invest its client assets in funds managed by Weatherbie, FAM or RI. In the event of investment
of a client’s assets in such funds, Weatherbie will, if required by applicable law, take steps to avoid
having the client pay duplicative fees; however, if permitted by applicable law, there can be no
assurance that duplicative fees will not be charged.

Compensation for the Sale of Securities and Other Investment Products

Fred Alger & Company, LLC (“FAC”), an affiliate of Weatherbie, is a registered broker-dealer.
FAC does not conduct public brokerage business and generally limits its execution services to
trades placed on behalf of FAM’s clients. While Weatherbie does not receive compensation for
sales of Weatherbie-advised or sub-advised investment products, FAC serves as the principal
underwriter for certain U.S. registered mutual funds and ETFs sub-advised by Weatherbie and, in
some cases, receives an asset-based fee for distribution and/or shareholder servicing from the
mutual funds sub-advised by Weatherbie. FAC will also receive fees related to contingent deferred
sales charges of certain share classes of such mutual funds. In addition, FAC may act as a
placement agent for certain private funds managed by Weatherbie and FAM, and may receive
compensation for such services from Weatherbie, FAM, or the private funds.

FAC sales personnel receive commission-based compensation for the sale of products or services
for which Weatherbie serves as an adviser. Such commission-based compensation may be higher
for some products or services than others and thus the incentive to sell those products may be
greater. This practice may present a conflict of interest and give FAC sales personnel an incentive
to recommend investment products based on the commission they would receive, rather than on a
client’s needs. However, Alger provides regular employee training to sales personnel on their
responsibility to put clients’ best interests first when recommending investment products. Clients
...

(7) Types of Clients:

Weatherbie offers investment advice to corporate pension plans, public plans, Taft-Hartley clients,
foundations/endowments, religious organizations, sub-advisory clients, and other types of
institutional investors and platforms. Weatherbie also offers investment advice to individual
investors through separately managed accounts (including wrap fee programs).

Weatherbie’s clients also include various taxable and tax-exempt institutions, and publicly and
privately offered funds, both domestic and foreign.

Weatherbie typically requires a minimum asset size of $5 million for separate account advisory
services (other than wrap program accounts). Weatherbie may, in its discretion, waive the asset
minimum for a number of reasons, including, but not limited to, clients or their consultants with
multiple relationships with Weatherbie, specialty asset class assignments such as socially
responsible mandates, or clients who are willing to pay the fee equivalent of the minimum asset
size. Weatherbie may also waive the asset minimum when it is adding a new strategy or trying to
increase assets in an existing strategy or distribution channel.

Weatherbie generally requires a minimum asset size ranging from $50,000 to $100,000 for wrap
program accounts, depending on the investment strategy and sponsor arrangement. The minimum
asset size may be waived in some cases.

Minimum investments in funds are listed in the offering material for each such fund. The
minimum investments in funds can be waived in some cases as disclosed in the offering material.