Alamo Capital

Item 5 Fees and Compensation

Description of how Alamo is compensated for its Advisory Services
Alamo is compensated for its investment advisory services based on the amount of client assets under
management. We do not charge an hourly or fixed fee for our services.

Client will pay Alamo a fee for its investment management services. The fee will be a percentage of the market
value of all managed assets in the account on the last trading day of each calendar quarter. The annual Investment
Advisory fee, based on a percentage of the investable assets, is payable quarterly, as shown in the schedule below
(may be adjusted on a client by client basis):

Account Value                   Equity/Fixed Income             Cash/Money Market

$50,000 - $249,999              1.45%                           1.00%
$250,000 - $1,999,999           1.25%                           0.75%
$2,000,000 – $2,999,999         1.00%                           0.55%
$3,000,000 - $3,999,999         0.50%                           0.45%
$4,000,000 - $4,999,999         0.40%                           0.35%
$5,000,000 - $14,999,999        0.35%                           0.30%
$15,000,000 – up                0.25%                           0.20%

Although the management fees can be individually negotiated between the client and Alamo based on the dollar
amount invested, the fee charged to clients is a percentage of the total asset value of the account. As noted in the
schedule above, the fee percentage declines as the asset level increases, and we do not allow for fees higher than
disclosed above.

                                                  Alamo Capital
                                                                Form ADV Part 2A: Firm Brochure
                                                                Version Date: February 18, 2026

Description of how Alamo deducts its Advisory Fee
Clients have two options to pay Alamo for its services: either by authorizing RBC (the custodian) to deduct from their
account and pay Alamo, or by having the advisory fees billed directly to client (and not deducted from client’s
account). The fee deducted is calculated based on the average asset value of the account as of the last business day
of each month in the quarter and is charged to the client quarterly.

When Alamo deducts fees from client accounts through RBC on a quarterly basis, each client is provided with an
account statement indicating the account value on which the fee is based, how the fee is calculated, and the fee
amount that was deducted from the account.

If the client instead chooses to have the fees billed directly (and not deducted from client account), the client agrees
to pay all advisory fees within 30 days of client’s receipt of an invoice from Alamo. If payment is not received within
30 days of receipt of invoice, fee for services will be deducted automatically from customer’s RBC account and client
will receive a quarterly statement showing all management fees paid to Alamo.

In certain situations, advisors may deduct advisory fees on a basis other than quarterly (i.e. monthly, or in advance).
However, the method by which Alamo assesses and deducts its investment advisory fees will be clearly reflected in
the investment advisory agreement entered into by the client.

If Alamo deducts its advisory fee in advance, then such charge is based upon the account value as of the last business
day of the prior quarter.

In the case of fees paid in advance, and upon termination of such investment advisory agreement prior to the end of
the quarter, subject to the advance fees, Alamo will prorate such fee, and reimburse the client accordingly.

Description of other types of fees or expenses incurred by clients
RBC may charge fees, which are in addition to and separate from the investment advisory service fee. Clients will
also incur individual ticket charges for securities transactions, which is a flat fee imposed by RBC. RBC may charge
accounts for various transaction costs, retirement plan and administration fees. In addition, some mutual fund assets
deposited in the account may have been subject to deferred sales charges and 12(b)(1) fees and other mutual fund
annual expenses as described in each fund's prospectus. Advisory clients should also note that fees for comparable
services vary and lower fees for comparable services may be available from other sources. Please refer further to
the section discussing Brokerage Practices (Item 12).

Description of Non-Transaction Based Compensation (NTBC)
Managed accounts which purchase or sell Fixed Income products, will be coded for non remuneration at
the time of trade. That means no mark-up, no mark-down, no sales credit and no commission. Due to the
fee structure of the managed accounts, we will not charge any per transaction compensation.

Item 7 Types of Clients

Description
Alamo offers its investment advisory services primarily to High Net Worth Individuals, individual investors, trusts,
estates, foundations, LLC's and other business entities.

Account Minimums
Alamo generally requires a minimum account size of $50,000, but exceptions are made under certain circumstances.