American Money Management Corporation AMMC

Fees and Compensation

With respect to advisory services that AMMC provides to AFG’s subsidiaries, AMMC is paid,
proportionately by each subsidiary by reference to assets under management, an amount equal to
AMMC’s net expenses. Net expenses are calculated by adding direct expenses plus an allocation
of indirect expenses, including rent and other AMMC overhead expenses. All fee revenue earned
by AMMC from clients other than subsidiaries of AFG during the period is directly offset,
proportionately, from reimbursable amounts from subsidiaries. Fees paid by the subsidiaries are
calculated by AMMC quarterly (on the last business day of each quarter) based upon the closing
market value of each client’s account. Subsidiary clients also pay other quarterly fees, including
direct expenses such as brokerage and custodian fees and indirect expenses. Fees and expenses
are not deducted from affiliated client accounts. All of AFG’s subsidiaries are qualified purchasers
as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940.

With respect to advisory services that AMMC provides to non-affiliated private funds, each of
which is considered a “qualified client” under Rule 205-3(d)(1) under the Investment Advisers Act
of 1940 and a qualified purchaser as defined in Section 2(a)(51)(A) of the Investment Company
Act of 1940, AMMC receives a negotiated fee based upon a percentage of the private fund’s assets
under management. AMMC may also be compensated based on a negotiated performance-based
fee arrangement. Fixed fee arrangements and performance-based fee arrangements are negotiated
with each client on a case-by-case basis and are fully disclosed in the offering documents for each
private fund. Fees charged to the non-affiliated private funds are charged quarterly based upon
contractual calculations of the assets under management during the period and such fees are paid
by the trustee for the non-affiliated private fund. A portion of such fees are paid prior to scheduled
distributions to the security holders, and a portion of such fees are subordinated to certain payments
to security holders and, in each case, the payment of such fees is subject to the available collections.

As of the date of this Disclosure Brochure, AMMC has no other clients except for AFG’s
subsidiaries and the non-affiliated private funds. If AMMC should acquire additional clients,
AMMC expects to be compensated for providing advisory services based upon a percentage of the

         American Money Management Corporation (CRD # 161853) – Form ADV Part 2A – March 31, 2026

client’s assets under management negotiated with each client on a case-by-case basis. Such fees
may differ based on a number of factors.

AMMC may utilize exchange traded funds (“ETFs”) and/or publicly traded investment companies
(mutual funds) and/or private funds as investment vehicles in a client’s investment portfolio.
These investment vehicles incur costs and expenses and are managed by independent fund
advisers. Clients should understand that fund advisers charge these funds a fee that is distinct and
separate from the fee charged by AMMC. A client may be able to invest in these investment
vehicles directly, without the services of AMMC. A client could also invest in these products
through other brokers, agents, or investment advisers that are not affiliated with AMMC. Clients
should evaluate the fees incurred in connection with these investment vehicles and the advisory
fees charged by AMMC to understand fully the total amount of fees paid.

In addition to the advisory fees assessed by AMMC, each client will also be required to pay all
custodial fees, brokerage fees and other transaction costs incurred in connection with AMMC’s
investment advisory services. These fees will be paid by the client directly to the client-designated
custodian or broker-dealer, as applicable. See Item 12—Brokerage Practices for a discussion of
AMMC’s brokerage arrangements in greater detail.

Neither AMMC nor its supervised persons accept compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

Types of Clients

AMMC currently provides investment advisory services to the following types of clients: affiliated
entities that are organized as insurance companies, affiliated entities that are organized as
insurance holding companies and non-affiliated pooled investment vehicles (other than investment
companies) that are organized as private funds.