Allrise Asset Management LLC

Item 5 - Fees and Compensation
The Adviser intends to charge fees for each Allrise Fund in the manner described in
each fund’s Fund Documents. The fee structure may vary for each Allrise Fund, but
will typically consist of an asset based fee equal to a percentage of the fund’s net asset
value (“Management Fee”) and/or a performance-based fee (“Performance Incentive”).
For SMAs, the Adviser intends to charge both a Management Fee and a Performance
incentive.

Asset-Based Fees
For each Allrise Fund, the Management Fee generally varies between 1% and 2% of
the net asset value of fund’s net asset value. For SMAs, the Management fee will be
negotiated separately with each client, and could vary between 0.5% and 2%.

Item 7 - Types of Clients

The Adviser intends to provide investment advice to Allrise Funds and SMAs.

Each Allrise Fund’s Fund Documents set forth the eligibility criteria and minimum
investment requirements for investment in such Allrise Fund, which may be waived or
modified at the discretion of the Allrise Fund’s general partner or manager, as
applicable, pursuant to such Allrise Fund’s governing documents.

Generally, the beneficial owners of the SMAs as well as the investors in the Allrise
Funds will be both “accredited investors” within the meaning of Rule 501(a) of
Regulation D promulgated under the Securities Act of 1933 (the “Securities Act”), and
“qualified clients” as such term is defined in Rule 205-3(d) under the Investment
Advisers Act of 1940 (the “Advisers Act”). Certain Allrise Funds may be limited to
investors who meet the definition of “qualified purchaser” pursuant to section 2(a)(51)
of the Investment Company Act of 1940.

Allrise Asset Management, LLC                                     Form ADV Part 2A