Alveo Wealth Management LLC

Item 5 - Fees and Compensation

 Portfolio Management Services Fees
 For portfolio management services, Navalfa charges an annual fee based upon a percentage of the market
 value of the assets being managed. For our separately managed accounts, our asset-based fees range from
 0.10% to 1.50% per annum, calculated on the last business day of the month and payable monthly in arrears.
 The fee is calculated based on the net asset value of the account multiplied by 1/12 of the annual fee. For
 separately managed accounts, the fee is negotiable depending upon the complexity of the client’s financial
 situation and the scope of services rendered and will be clearly disclosed in the advisory agreement signed by
 the firm and the client.

 For the Programmes, our asset based fees range from 0.5% to 1.25% per annum, calculated daily in arrears and
 payable 10 business days after month end, as detailed in each respective Memorandum.

 Navalfa will either invoice the client directly for management fees or payment will be made by the qualified
 custodian. We will only receive payment from the custodian if the client supplies written authorization
 permitting the fees to be paid directly from the account. Navalfa will not have access to client funds for
 payment of fees without written consent by the client. Further, the qualified custodian agrees to deliver an
 account statement, at least quarterly, directly to the client, showing all disbursements from the account.
 Navalfa will receive a duplicate copy of the statement that was delivered to the client. In situations where the
 statements provided by the qualified custodian do not adequately reflect the fees paid to the firm, Navalfa will
 send a separate billing invoice. The client is encouraged to review all account statements for accuracy.

 For the initial period of investment management services, the first period’s fees will be calculated on a pro-rata
 basis. The Advisory Agreement between Navalfa and the Client will continue in effect until either party
 terminates the Agreement upon a 30 days’ notice to the other party. Refunds are not applicable because fees
 are payable in arrears.

 Series 476 Series 542, Series 569, Series 576 and Series 571 have a minimum redemption of $125,000 and
 Series 475 has a minimum redemption of $200,000. Investors may redeem on a weekly basis.

 Additional Fees and Expenses
 Navalfa's fees may be negotiable based on the amount of assets under management, complexity of client goals
 and objectives, and scope of services rendered.

Alveo Wealth Management, LLC
Form ADV Part 2A

 All fees paid to Navalfa for investment advisory services are separate and distinct from the fees and expenses
 charged by mutual funds or exchange traded funds to their shareholders. These fees and expenses are
 described in each fund's prospectus. These fees generally include a management fee, other fund expenses, and
 a possible distribution fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales
 charge. We generally seek to avoid funds with sales charges. However, some funds may have early redemption
 fees if sold prior to the expiration of their holding periods.

 A client could invest in a mutual fund directly, without the services of Navalfa. In that case, the client would not
 receive the services provided by Navalfa which are designed, among other things, to assist the client in
 determining which mutual fund or funds are most appropriate to each client's financial condition and
 objectives. Accordingly, the client should review both the fees charged by the funds and the fees charged by
 Navalfa to fully understand the total amount of fees to be paid by the client and to thereby evaluate the
 advisory services being provided.

 Advisory recommendations are based on your financial information and situation disclosed to us at the time
 the services are provided. We may make certain assumptions with respect to interest and inflation rates and
 the use of past trends and performance of the market and economy. Past performance is in no way an
 indication of future results. As your financial situation, goals, objectives, or needs change, you must notify us
 promptly.

 All material conflicts of interest between you and our firm, and the Associated Persons of our firm, are outlined
 in this Disclosure Brochure. If additional material conflicts arise in the future, we will notify you in writing or
 supply you with an updated Disclosure Brochure.

 Negotiability of Fees: For Separately managed accounts, we allow Associated Persons servicing the account to
 negotiate the exact investment management fees within the range disclosed in our Form ADV Part 2A
 Brochure. As a result, the Associated Person servicing your account may charge more or less for the same
 service than another Associated Person of our firm. Further, our annual investment management fee may be
 higher than that charged by other investment advisors offering similar services/programs.

 Billing on Cash Positions: The firm treats cash and cash equivalents as an asset class. Accordingly, unless
 otherwise agreed in writing, all cash and cash equivalent positions (e.g., money market funds, etc.) are included
 as part of assets under management for purposes of calculating the firm’s advisory fee. At any specific point in
 time, depending upon perceived or anticipated market conditions/events (there being no guarantee that such
 anticipated market conditions/events will occur), the firm may maintain cash and/or cash equivalent positions
 for defensive, liquidity, or other purposes. While assets are maintained in cash or cash equivalents, such
 amounts could miss market advances and, depending upon current yields, at any point in time, the firm’s
 advisory fee could exceed the interest paid by the client’s cash or cash equivalent positions.
...

Item 7 - Types of Clients

 Navalfa provides investment management services and has investment advisory accounts for pooled
 investment vehicles, Individuals and High net worth individuals and corporations. Navalfa’s clients are Non-U.S
 residents with a concentration of Latin American clients.

 We do not require a minimum investment to open and maintain an advisory account. For the Programmes,
 Series 476, Series 542, Series 569, and Series 576 have a minimum investment of $125,000 and Series 475 has a
 minimum investment of $200,000.