Altrius Capital Management Inc

Item 5 Fees and Compensation
Investment Management Services
Our fee for investment management services is based on a percentage of your assets we manage and is set

forth in the following annual fee schedule:

               Account Asset Value                    Fees (Annualized)
               First $500,000                         1.40%
               Next $500,000                          1.00%
               Over $1 million                        0.80%

In special circumstances, and in our sole discretion, we may negotiate a lesser management fee based upon
certain criteria (i.e., the amount of work involved, amount of assets placed under our management, attention
required in managing the account, etc.). For this fee, clients will receive asset allocation advice, money
management, financial planning and custodial services. However, clients are made aware that transaction
charges for trades made are paid in addition to the annual management fee.

Our portfolio management fee is billed and payable quarterly in advance based on the value of your account
on the last day of the previous quarter. For the initial quarter of investment management services, the first
quarter's fees will be calculated on a pro-rata basis, which means the advisory fee is payable in proportion to
the number of days in the quarter for which you are a client.

When appropriate, we combine the account values of family members living in the same household to
calculate the applicable advisory fee. For example, when applicable, we combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining account
values increases total assets, which may result in your paying a reduced advisory fee based on the available
breakpoints in our fee schedule stated above.

You may make additions to and withdrawals from your account at any time, subject to our right to terminate
your account. You may withdraw account assets on notice to our firm, and subject to the usual and customary
securities settlement procedures. However, we design our portfolios as long-term investments and asset
withdrawals may impair the achievement of your specific investment objectives. Fees are billed quarterly in
advance. Net additions to or withdrawals of $10,000 or more from an account during a quarter will be reflected
as an adjustment (charge or credit) during the billing period.

We will deduct our fee directly from your account through the qualified custodian holding your funds and
securities. We will provide you with a quarterly performance report that contains a summary of fees and how
they were calculated. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an account
statement to you at least quarterly. These account statements will show all disbursements from your account.
You should review all statements for accuracy. We will also receive a duplicate copy of your account
statements.

You may terminate our portfolio management agreement by submitting 30 days' written notice to our firm,
which is effective upon our receipt. You will incur a pro-rata charge for services rendered prior to the
termination notice of our portfolio management agreement, which means you will incur advisory fees only in
proportion to the number of days in the calendar quarter for which you were a client. If you have pre-paid
advisory fees that we have not yet earned, you will receive a pro-rated refund of those fees.

Advisory Consulting Services
Fees and fee-paying arrangements for general consulting services are negotiated on a case-by-case basis.
In the event you decide to engage our firm for advisory consulting services, you will be required to enter into
a written engagement letter with us describing the scope of the services to be provided and the fees to be
paid.

You may terminate our advisory consulting services agreement by submitting 30 days' written notice to our

firm, which is effective upon our receipt. You will incur a pro-rata charge for services rendered prior to the date
of termination notice. If you have pre-paid advisory fees that we have not yet earned, you will receive a pro-
rated refund of those fees.

Advisory Services to Retirement Plans
Fees and fee-paying arrangements for retirement plan services are negotiated on a case-by-case basis.
Where we provide continuous asset management services, our fees and fee-paying arrangements are based
on the tiered fee schedule and other information disclosed above at Investment Management Services. With
respect to our Pension Consulting Services, we charge an annual fee of 0.5% of the value of the plan.

The agreed upon services, relevant fees, and fee-paying arrangements will be disclosed in the executed
service agreement.

You may terminate our retirement plan services agreement by submitting written notice to our firm, which is
effective upon our receipt. You will incur a pro-rata charge for services rendered prior to the termination of our
retirement plan services agreement, which means you will incur advisory fees only in proportion to the number
of days in the calendar quarter for which you were a client. If you have pre-paid advisory fees that we have
not yet earned, you will receive a pro-rated refund of those fees.

Sub-Advisory Services Offered to Other Registered Investment Advisers
We are paid a percentage of assets under management by the Principal Advisers. Fees and fee-paying
arrangements are negotiated on a case-by-case basis.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in mutual
funds and ETFs. The fees that you pay to our firm for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds or ETFs (described in each fund's prospectus) to their
...

Item 7 Types of Clients
We offer investment advisory services to individuals, pension and profit-sharing plans, trusts, estates,
charitable organizations, corporations, investment companies, separately managed accounts, and other
business entities. In general, we require a minimum of $500,000 in investible liquid assets to open and
maintain an advisory account. At our discretion, we may waive this minimum account size. For example, we
may waive the minimum if you appear to have significant potential for increasing your assets under our
management, or where a smaller account is tied to a larger client relationship. We may also combine accounts
for you and your minor children, joint accounts with your spouse, and other types of related accounts.

From time to time, Altrius may recommend to clients who do not meet the minimum to participate in a managed
discretionary relationship, that they invest in the Fund. This presents a conflict of interest as Altrius receives
a fee for providing sub-advisory services to the Fund. Altrius does not charge any separate fees or
commissions from trades placed for these clients in the Fund. Clients are provided with this disclosure when
presented with the recommendation.