Acquirers Funds LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management:

The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata
basis quarterly in arrears based on the value of the account(s) on the time-weighted daily average of
the quarter. Fees are negotiable and will be deducted from client account(s). Adjustments will be
made for deposits and withdrawals during the quarter. In rare cases, our firm will agree to directly
invoice.

For the sub-advisory services rendered to our clients, our firm compensates third party investment
advisory firms or individual advisors a percentage of the overall investment advisory fee charged by
our firm. The advisory fee paid shall not exceed the fee published for this service. The terms and
conditions under which the client shall engage the third party investment advisory firm or individual
advisors shall be set forth in a separate agreement between the client and the designated third party.

ADV Part 2A – Firm Brochure                    Page 5                                  Acquirers Funds, LLC

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

ETF Management

As the acting advisor of various Funds our firm negotiates on a case by case basis, with the Board of
each respective Fund, in determining the amount and manner in which we will be paid. If we engage
a third party or sub-adviser, or firm will compensate the engaged Sub-Adviser a percentage of the
advisory fees paid to the Adviser pursuant to the investment advisory contract.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, either via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
disclosed by the chosen custodian. Clients may also pay holdings charges imposed by the chosen
custodian for certain investments, charges imposed directly by a mutual fund, index fund, or
exchange traded fund, which shall be disclosed in the fund’s prospectus (i.e., fund management fees,
initial or deferred sales charges, mutual fund sales loads, 12b-1 fees, surrender charges, variable
annuity fees, IRA and qualified retirement plan fees, and other fund expenses), mark-ups and mark-
downs, spreads paid to market makers, fees for trades executed away from custodian, wire transfer
fees and other fees and taxes on brokerage accounts and securities transactions. Our firm does not
receive a portion of these fees.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Asset Management
services in writing at any time. Upon notice of termination pro-rata advisory fees for services
rendered to the point of termination will be charged. If advisory fees cannot be deducted, our firm
will send an invoice for due advisory fees to the client.

ETF Management clients may terminate their agreement with our firm according to the terms agreed
upon in the separate advisory agreement. The nature of these engagements varies greatly and it is up
to the Advisor and Board of the Fund to establish such terms on an individualized basis according to
the mutual consent of both parties. Refunds will be calculated on a pro-rata basis if services have
been paid for in advance, and an invoice will be sent to the Fund for services already rendered if they
are to be charged in arrears.

Commissionable Securities Sales

Our firm and representatives do not sell securities for a commission in advisory accounts.

ADV Part 2A – Firm Brochure                    Page 6                                  Acquirers Funds, LLC

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Pension and Profit Sharing Plans;
   • Corporations, Limited Liability Companies and/or Other Business Types
   • Exchange Traded Funds

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • Our firm requires a minimum account balance of $500,000 for our Asset Management service.
       Generally, this minimum account balance requirement is not negotiable and would be
       required throughout the course of the client’s relationship with our firm.