A Sling & A Stone Incorporated

Item 5 - Fees and Compensation
The Firm’s sole source of revenue is compensation paid by its clients. The Firm is completely independent of the
brokerage firm or custodian for the account. The Firm does not receive any sort of compensation, either soft or
hard dollars, from the custodial firm. Brokerage and custodian fees, commissions and other expenses are not
included in the Firm’s schedule of management fees. As such, they will be charged separately by the custodian or
broker. The Firm’s fees are exclusive of brokerage commissions, transaction fees, bank fees, margin interest,
national securities exchange fees and other related costs and expenses which shall be incurred by the client.
Clients may incur certain charges imposed by custodians, brokers, third party investment Advisers, consultants,
or mutual funds. Additional expenses may result from other third parties such as fees charged by managers,
custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees,
and other fees and taxes on brokerage accounts and securities transactions.

The Firm has created a fee structure that it deems equitable yet are negotiable within a limited range. Prior to the
issuance of this Brochure, the Firm had engaged clients with various fee structures and thus some clients may
pay more or less than other clients for the same services.

The Firm does charge an hourly rate for additional services solely provided to current clients’ which request “one-
off’ financial-related projects or tasks.

5.A Fee Schedules for Separately Managed Account Programs:
The Firm has adopted a flexible, two-stage fee structure to reflect our multi-faceted roles in managing our clients’
financial assets. We can serve as both the investment manager and/or an account administrator and will base
our fee on the services provided for each account. Further, the Firm now offers a wider range of investment
options ranging from low-cost, indexing to its highly involved proprietary trading program. Clients who qualify as
an accredited investor may also elect a performance fee structure. The account administration fee is tired based
on the aggregate value of all the client’s accounts managed by the Firm.

5.A-1: Asset Management flat-fee for non-accredited investors participating in our active strategies: For
non-accredited investors, those with a liquid net worth less than $2,000,000, the program account will be billed an
Asset Management fee per annum of assets in the program account billed and paid on a daily or monthly pro-rata
basis on all assets held in the account. The fees will be determined based on the Investment Strategy elected by
the client as follows:
    Market Anomaly Program (MAP):                               0.85%
    Indexed Program Account (IPA):                              0.35%
    Hedged Indexed Program Account (HIPA):                      0.60%

5.A.2: Performance-based Asset Management fee for accredited investors participating in our active
strategies: Accredited investors, those with an excess of $2,000,000 in investable assets or an annual income
exceeding $300,000, may elect to participate in our performance-fee program which will be at a rate of 0.50% of
account principal plus a 2.0% performance fee applied to account growth.

           Primary Business Name: MATTHEW B. MCCRACKEN IARD/CRD Number: 134943

Principal will be calculated as the sum total of contributions to the account less the distributions taken from the
account. Growth will be calculated as the current account value minus the Principal. The following summarizes
the performance-fee structure:

           Growth = Current Value – Principal (all account deposits less all account distributions)
           Fee on Principal            0.5% per annum of initial assets under management
           Performance fee             2.0% per annum of growth in excess of principal

The following is an example of how the performance-fee will be applied and what the effective rate will be.

       Example: $2,000,000 Principal               Effective Fee as a % of AUM
       Account Value = $2,200,000                             0.682%
       Account Value = $2,400,000                             0.833%
       Account Value = $3,000,000                             1.167%
       Account Value = $4,000,000                             1.500%

The performance fee will be reviewed periodically, typically around the anniversary of the program account, and
adjusted accordingly. The custodian will not allow the Firm to increase the fee without signed approval from the
client. However, the Firm can reduce the fee without the client’s consent and will do so according to the following
thresholds:
      If at the end of any calendar quarter, the account value drops below the Principal amount, the fee will
         revert back to 0.50%.
      If at the end of any calendar quarter, the account value drops 5% below the value of the last fee
         adjustment, the fee will be recalculated based on the current account balance and adjusted accordingly.
         For example, if the account had appreciated 20% since inception and the adjusted fee was set at 0.833%,
         then in a subsequent quarter, the account value fell a level that represented a 10% increase since
         inception, the fee would be adjusted to 0.682%.

The custodian, IBKR, will be instructed to calculate, bill and deduct the performance fee on a daily or monthly pro-
rata basis on all assets held in the account.

Accredited investors may elect at the onset of the program account to participate in either fee structure at account
inception but may not elect to convert to the flat-fee program once the performance-based fee has been activated.

5.A.3: Account Administration fee: The account administration fee will be tiered based on the assets under
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