Wilmington Trust Investment Advisors Inc

ITEM 5 – FEES AND COMPENSATION

Generally, WTIA’s fees are based on a percentage of assets under management or on the volume of assets subject
to WTIA’s investment advice.

In certain instances, WTIA will accept as a client, an entity or person who is, or previously was, an investment
advisory client of WTNA, WTC, M&T Bank and/or another affiliate. In such instances, WTIA’s fees are
generally consistent with the fees that had been charged by WTIA’s affiliate for advisory services prior to the
change of service provider and in some instances are lower or higher than the fees set forth below.

The Fee Schedules below are for investment strategies for which WTIA provides discretionary investment
advice. Fees are subject to negotiation and can vary from the Fee Schedules below based on factors such as
client type, asset class, pre-existing relationship, service levels, portfolio complexity, and account size or other
special circumstances/requirements. WTIA reserves the right to waive minimum account requirements. Fees
for non-discretionary services including Model Delivery are generally determined considering the overall
relationship and are subject to negotiation.

Asset Allocation Management

   Asset Allocation Management (“OCIO”)                               0.40% first $15,000,000
   {For accounts with more than $10 million in assets}                0.20% next $20,000,000
                                                                      0.15% next $20,000,000
   Annual Minimum Fee: $40,000                                        0.10% on Balance

   Asset Allocation Management (“OCIO”)                               1.50% first $1,000,000
   {For accounts with $10 million or less in assets}                  0.50% next $2,000,000
                                                                      0.25% $3,000,000 - $10,000,000
   Annual Minimum Fee: $15,000

Equity Management

   Large Cap Equity Strategies                                        0.70% first $10,000,000
   (Enhanced Dividend Income Strategy)                                0.60% next $25,000,000
   (Dividend Growth Strategy)                                         0.50% next $50,000,000
   (Disciplined Core Equity Strategy)                                 0.40% on balance
   (Large-Cap Sector Allocation Strategy)
   (Fourth Industrial Revolution Equity Strategy)

   Annual Minimum Fee: $35,000

Wilmington Custom Indexing**
Wilmington Custom Indexing – Tax Managed Russell 1000                               0.25%
Wilmington Custom Indexing – Personalized Russell 1000                              0.29%
Wilmington Custom Indexing – Tax Managed Russell 1000 Growth                        0.25%
Wilmington Custom Indexing – Personalized Russell 1000 Growth                       0.29%
Wilmington Custom Indexing – Tax Managed Russell 1000 Value                         0.25%
Wilmington Custom Indexing – Personalized Russell 1000 Value                        0.29%
Wilmington Custom Indexing – Tax Managed Russell 2000                               0.25%
Wilmington Custom Indexing – Personalized Russell 2000                              0.29%
Wilmington Custom Indexing – Tax Managed Russell 3000                               0.25%
Wilmington Custom Indexing – Personalized Russell 3000                              0.29%
Wilmington Custom Indexing – Tax Managed S&P 500                                    0.25%
Wilmington Custom Indexing – Personalized S&P 500                                   0.29%
Wilmington Custom Indexing – Tax Managed MSCI EAFE                                  0.25%
Wilmington Custom Indexing – Personalized MSCI EAFE                                 0.29%

Minimum Account Size $3,000,000

**WTIA has hired Aperio Group, LLC (“Aperio”) as a sub-adviser to the
Wilmington Custom Indexing accounts. WTIA compensates Aperio for the sub-
advisory services Aperio performs for Custom Indexing accounts. The fees
WTIA pays to Aperio are subject to breakpoints and vary based on the total
dollar amount of assets Aperio sub-advises for WTIA and its affiliates
(generally, the higher the amount of assets, the lower the fee rate paid to
Aperio). As a result, the total revenue earned by WTIA, as well as WTIA’s
profitability in connection with Custom Indexing accounts, will be higher if the
amount of such assets is higher.

If your account is invested using the Wilmington Custom Indexing services,
you will be charged a market value asset-based strategy-level fee in addition to
any account-level fee assessed in connection with your account. Fees for
Wilmington Custom Indexing range from 25 basis points for an account with
basic customization to 29 basis points for accounts with additional
customization such as values-aligned investing options. This strategy-level fee,
which covers the cost of Aperio’s sub-adviser responsibilities as well as
services provided by WTIA in connection with the product, is assessed to you
quarterly, in advance, based on the market value of the portion of the account
invested pursuant to Custom Indexing as of the end of the relevant quarter. As
noted, this asset-based fee is in addition to the other WTIA account-level fees
described in this Form ADV Firm Brochure. In some cases, Custom Indexing
fees paid by clients and the relative compensation of Aperio and WTIA vary
from client to client. The revenue and profitability WTIA derives from Custom
Indexing services will vary based on the customization selected and the fee
breakpoints noted above. Thus, WTIA has an incentive to select or recommend
these proprietary services to its clients rather than third-party products due to
the additional compensation WTIA receives. If you have any questions,
including regarding compensation and associated conflicts of interest related to
the Wilmington Custom Indexing services, please contact your Relationship
Team.

Fixed Income Management

  Enhanced Cash Management                            0.25% first $10,000,000
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ITEM 7 – TYPES OF CLIENTS

WTIA principally provides asset management and other investment advisory services to corporations, defined
contribution plans, endowments, family offices, foundations, high‑net‑worth persons, individuals, insurance
companies, institutional clients, institutions, municipal and government entities, mutual funds, not‑for‑profit
organizations, other investment advisers, pension plans, private foundations, profit‑sharing programs, and
Taft‑Hartley organizations..

WTIA serves as the principal sub-adviser to the Wilmington Funds, a series of mutual funds. WTIA is also a
non-discretionary provider of model investment portfolios made available to participants in LPL’s Manager
Select wrap fee program.