ARCA Capital Management LLC

Item 5          FEES AND COMPENSATION
The management fees payable by the Funds are detailed in the Advisory Agreements and each Fund’s offering
documents. ACM does not accept any other compensation in connection with its advisory business. Pursuant
to the Advisory Agreements ACM is entitled to receive a management fee calculated at the annual rate of 0.05%
of each Fund’s average annual net assets. The Management Fee is calculated and accrued daily and is payable
monthly in arrears.

Item 7           TYPES OF CLIENTS
ACM’s clients are limited to the Funds. The Arca U.S. Treasury Fund (“AUST”) is a continuously offered,
diversified, closed-end management investment company that operates as an interval fund. The Arca
Institutional U.S. Treasury Fund (“AIUST”) is a separate series of Arca Institutional Fund Trust (the “Trust”).
The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended
(the “Investment Company Act”). AIUST sells its shares in a private offering pursuant to Regulation D under
the Securities Act of 1933, as amended (the “Securities Act”), to investors who are (i) “accredited investors”
within the meaning of Rule 501(a) of Regulation D under the Securities Act, and (ii) “qualified purchasers”
within the meaning of section 2(a)(51) of the Investment Company Act. Each of the Funds offers its shares as
digital asset securities. That is, shares of each Fund are issued and transferable on a public, permissionless
blockchain.