Common use of Board Fee Clause in Contracts

Board Fee. The Board collects a fee based on the assets in each Designated Portfolio (“Board Fee”) to pay for expenses related to oversight and administration of the Trust. If assets in the Plan are $5 billion or less, each Designated Portfolio will bear an annualized fee of 0.01% based on the assets in such Designated Portfolio that is used to pay the Board Fee. However, if assets in the Plan are less than $1 billion, the Board Fee will be an annual fixed fee equal to $100,000, and Wealthfront (not you as the Account Owner through your investment in a Designated Portfolio) will directly pay the portion of the Board Fee equal to the difference between the 0.01% annualized fee for all Designated Portfolios and the annual fixed fee of $100,000. If assets in the Plan are greater than $5 billion, the annualized fee borne by each Designated Portfolio will be reduced below 0.01% based on the assets in such Designated Portfolio such that the entire amount of the fees for all Designated Portfolios equals a fixed annual fee of $500,000, which is paid to the Board as the Board Fee. The following table summarizes the annual Asset-Based and Total Fees for each Designated Portfolio. Designated Portfolio Underlying ETF (Ticker Symbol) Asset Class Asset-Based Designated Portfolio Fees Asset-Based Account Fee Total Fee5 Underlying ETF Fee1 Ascensus Program Management Fee Board Fee2 Total Asset- Based Designated Portfolio Fee3 Wealthfront Advisory Fee4 Short Treasury Bond Portfolio iShares Short Treasury Bond ETF (SHV) US Treasury Bills 0.15% 0.05% 0.01% 0.21% 0.25% 0.46% Corporate Bond Portfolio iShares iBoxx $ Investment Grade Corp Bond ETF (LQD) US Investment Grade Corporate Bonds 0.14% 0.05% 0.01% 0.20% 0.25% 0.45% Short-Term Inflation Protected Securities Portfolio Vanguard Short--Term Inflation- Protected Securities ETF (VTIP) US TIPS 0.05% 0.05% 0.01% 0.11% 0.25% 0.36% Emerging Markets Bond Portfolio iShares JPMorgan USD Emerging Markets Bond ETF (EMB) Emerging Markets Bonds 0.39% 0.05% 0.01% 0.45% 0.25% 0.70% REIT Portfolio Vanguard REIT ETF (VNQ) US REITs 0.12% 0.05% 0.01% 0.18% 0.25% 0.43% Dividend Stock Portfolio Vanguard Dividend Appreciation ETF (VIG) US Dividend Growth Stocks 0.06% 0.05% 0.01% 0.12% 0.25% 0.37% Total Stock Market Portfolio Vanguard Total Stock Market ETF (VTI) US Stocks 0.03% 0.05% 0.01% 0.09% 0.25% 0.34% International Stock Portfolio Vanguard FTSE Developed Markets ETF (VEA) International Developed Stocks 0.05% 0.05% 0.01% 0.11% 0.25% 0.36% Emerging Markets Stock Portfolio Vanguard FTSE Emerging Markets ETF (VWO) Emerging Markets Stocks 0.10% 0.05% 0.01% 0.16% 0.25% 0.41% 1 Source: Most recent Underlying ETF prospectus as of June 15, 2021 2 If assets in the Plan are $5 billion or less, each Designated Portfolio will bear an annualized fee of 0.01% based on the assets in such Designated Portfolio that is used to pay the Board Fee. However, if assets in the Plan are less than $1 billion, the Board Fee will be an annual fixed fee equal to $100,000, and Wealthfront (not you as the Account Owner through your investment in a Designated Portfolio) will directly pay the portion of the Board Fee equal to the difference between the 0.01% annualized fee for all Designated Portfolios and the annual fixed fee of $100,000. If assets in the Plan are greater than $5 billion, the annualized fee borne by each Designated Portfolio will be reduced below 0.01% based on the assets in such Designated Portfolio such that the entire amount of the fees for all Designated Portfolios equals a fixed annual fee of $500,000, which is paid to the Board as the Board Fee. 3 Includes the Underlying ETF Fee, Program Management Fee and Board Fee. This total is assessed against assets in the Designated Portfolios over the course of the year.

Board Fee. The Board collects a fee based on the assets in each Designated Portfolio (“Board Fee”) to pay for expenses related to oversight and administration of the Trust. If assets in the Plan are $5 billion or less, each Designated Portfolio will bear an annualized fee of 0.01% based on the assets in such Designated Portfolio that is used to pay the Board Fee. However, if assets in the Plan are less than $1 billion, the Board Fee will be an annual fixed fee equal to $100,000, and Wealthfront (not you as the Account Owner through your investment in a Designated Portfolio) will directly pay the portion of the Board Fee equal to the difference between the 0.01% annualized fee for all Designated Portfolios and the annual fixed fee of $100,000. If assets in the Plan are greater than $5 billion, the annualized fee borne by each Designated Portfolio will be reduced below 0.01% based on the assets in such Designated Portfolio such that the entire amount of the fees for all Designated Portfolios equals a fixed annual fee of $500,000, which is paid to the Board as the Board Fee. The following table summarizes the annual Asset-Based and Total Fees for each Designated Portfolio. Designated Portfolio Underlying ETF (Ticker Symbol) Asset Class Asset-Based Designated Portfolio Fees Asset-Based Account Fee Total Fee5 Underlying ETF Fee1 Ascensus Program Management Fee Board Fee2 Total Asset- Based Designated Portfolio Fee3 Wealthfront Advisory Fee4 Short Treasury Bond Portfolio iShares Short Treasury Bond ETF (SHV) US Treasury Bills 0.15% 0.05% 0.01% 0.21% 0.25% 0.46% Corporate Bond Portfolio iShares iBoxx $ Investment Grade Corp Bond ETF (LQD) US Investment Grade Corporate Bonds 0.140.15% 0.05% 0.01% 0.200.21% 0.25% 0.450.46% Short-Term Inflation Protected Securities Portfolio Vanguard Short--Term Short•-Term Inflation- Protected Securities ETF (VTIP) US TIPS 0.050.07% 0.05% 0.01% 0.110.13% 0.25% 0.360.38% Emerging Markets Bond Portfolio iShares JPMorgan USD Emerging Markets Bond ETF (EMB) Emerging Markets Bonds 0.39% 0.05% 0.01% 0.45% 0.25% 0.70% REIT Portfolio Vanguard REIT ETF (VNQ) US REITs 0.12% 0.05% 0.01% 0.18% 0.25% 0.43% Dividend Stock Portfolio Vanguard Dividend US Dividend 0.08% 0.05% 0.01% 0.14% 0.25% 0.39% Portfolio Appreciation ETF (VIG) US Dividend Growth Stocks 0.06% 0.05% 0.01% 0.12% 0.25% 0.37% Total Stock Market Portfolio Vanguard Total Stock Market ETF (VTI) US Stocks 0.030.04% 0.05% 0.01% 0.090.10% 0.25% 0.340.35% International Stock Portfolio Vanguard FTSE Developed Markets ETF (VEA) International Internation al Developed Stocks 0.050.07% 0.05% 0.01% 0.110.13% 0.25% 0.360.38% Emerging Markets Stock Portfolio Vanguard FTSE Emerging Markets ETF (VWO) Emerging Markets Stocks 0.100.14% 0.05% 0.01% 0.160.20% 0.25% 0.410.45% 1 Source: Most recent Underlying underlying ETF prospectus as of June 15Fact Sheets dated September 30, 2021 2017. 2 If assets in the Plan are $5 billion or less, each Designated Portfolio will bear an annualized fee of 0.01% based on the assets in such Designated Portfolio that is used to pay the Board Fee. However, if assets in the Plan are less than $1 billion, the Board Fee will be an annual fixed fee equal to $100,000, and Wealthfront (not you as the Account Owner through your investment in a Designated Portfolio) will directly pay the portion of the Board Fee equal to the difference between the 0.01% annualized fee for all Designated Portfolios and the annual fixed fee of $100,000. If assets in the Plan are greater than $5 billion, the annualized fee borne by each Designated Portfolio will be reduced below 0.01% based on the assets in such Designated Portfolio such that the entire amount of the fees for all Designated Portfolios equals a fixed annual fee of $500,000, which is paid to the Board as the Board Fee. 3 Includes the Underlying ETF Fee, Program Management Fee and Board Fee. This total is assessed against assets in the Designated Portfolios over the course of the year.