Wilmington Trust Investment Management LLC

ITEM 5 - FEES AND COMPENSATION

Fee and Fee Calculation

The fees we charge for investment advisory services are specified in the agreements and/or fee letters between
WTIM and each of its clients. Generally, WTIM charges an asset-based fee billed monthly in arrears that is
calculated based upon the market value of the account assets on the last day of each month (“Account Fee”).
If a new account is opened mid-month, the Account Fee will be pro-rated for the first month the account is
open. If an account is closed mid-month, the Account Fee is prorated based upon the date the account assets
are distributed.

WTIM may, in its sole discretion, elect to reduce or change the applicable fee schedule for particular clients
or groups of clients as a result of individual negotiations, legacy account arrangements, account aggregation
or similar policies. Accounts assigned to WTIM from a different investment provider may also have a different
fee schedule. In addition, the standard fee schedule can evolve over time and therefore accounts opened at
different times may have a different fee schedule. The exact fee schedule that will apply to your account is
indicated in the fee letter that governs your account with WTIM and any subsequent amendments thereto. The
current standard fee schedule for WTIM accounts is as follows:

                     Account Size                              Account Fee

                      First $3,000,000 of principal value                1.10%
                      Next $2,000,000 of principal value                 0.80%
                      Next $5,000,000 of principal value                 0.60%
                      Next $10,000,000 of principal value                0.50%
                      Over $20,000,000 of principal value                0.45%
                            Minimum Initial Investment                 $3,000,000

Other Expenses and Fees

In addition to the Account Fee charged by WTIM, to the extent your account is invested in any mutual funds
or ETFs (collectively, “Funds”) you, as a shareholder in such Funds, will also bear a share of the fund-level
fees, charges and expenses associated with the relevant share classes of any Funds held by the account. Such
fund-level expenses include the Fund’s investment management fees, shareholder servicing fees, distribution
fees (such as fees permitted based on Rule 12b-1 under the Investment Company Act of 1940), brokerage,
custody and other fees/charges paid to the Fund’s advisor(s) and other service providers. The fees and
expenses associated with each Fund are charged directly to the pool of assets the Fund invests and are reflected
in each Fund’s share price based on its net asset value. These fees and expenses are an additional cost to you
and are not included in the Account Fee reflected on your account statements. Each Fund’s expense ratio (the
total amount of fees and expenses charged by the Fund) is stated in the relevant Fund’s prospectus. The

expense ratio generally reflects the costs incurred by shareholders during the Fund’s most recent fiscal
reporting period. Current and future expenses may differ from those stated in the prospectus. In selecting
mutual funds for inclusion in your Account, share classes of mutual funds that are less cost-effective than
other share classes of the same funds that exist can be utilized. Please see Item 10-Other Financial Industry
Activities and Affiliations for important disclosures about Fund’s for which affiliates of WTIM provide
investment management and/or fund administrative services.

Further, the Account Fee is separate from and does not include brokerage commissions, taxes, and other
expenses (including fees of other service providers such as the custodian). Please see the section titled
Brokerage Practices for additional information. Additionally, to the extent a client’s account is allocated to
an investment strategy provided by a third-party investment adviser (“third party manager”), the client will
bear the expense of additional charges that are payable to such third-party managers.

ITEM 7 - TYPES OF CLIENTS

WTIM’s services are intended for clients seeking professional discretionary management of their account.
WTIM clients may include individuals, IRAs, certain single-employer retirement plans, certain trusts,
corporations and business entities.