ASIO Capital LLC

Item 5        Fees and Compensation
 PORTFOLIO MANAGEMENT FEES

 Our annual fees for Portfolio Management are based upon a percentage of assets under management and
 generally range from 0.50% to 1.15%. We may negotiate our fees on a client-by-client basis. Client facts,
 circumstances and needs are considered in determining the fee schedule. These include the complexity of
 the client, personal or familial relationship, assets to be placed under management, anticipated future
 additional assets, related accounts, portfolio style, account composition, reports, among other factors. The
 client’s fee is identified in the Investment Management Agreement between the adviser and each client.

 We may aggregate certain related client accounts for the purpose of determining the annualized fee, but
 that will also be addressed in the Investment Management Agreement or through separate communications.

 Fees are billed monthly, in arrears, based upon the month-end account balance of the previous billing period,
 including cash. If an account is opened during a calendar month, the management fee will be pro-rated
 based on the number of days that the Account was funded during the month. We rely on the values
 provided by our portfolio reporting software, and not the values provided by your account’s custodian in
 determining the market value of your account for fee calculations. These values are typically very close in
 value but may differ due to the methodologies used by your account custodian and our portfolio reporting
 software.

 Fees will be directly debited from the account in accordance with the client authorization in the Investment
 Management Agreement. A client's initial fee will be prorated based on the number of days remaining in the
 calendar month. For accounts terminated mid-month, the management fee will be pro rated based on the
 number of days that the account was open during the month.

Part 2A of Form ADV                                 6                                      Asio Capital, LLC

 RETIREMENT PLAN SERVICES FEES

 For retirement plans that engage Asio Capital for asset management, we work with each retirement plan
 sponsor and negotiate our fee rate.

 For participant-directed plans where we are engaged to serve as a consultant, we will be compensated for
 our services through an annual asset-based fee. Such a fee will generally be collected by the engaged service
 provider, who will then send our fee to us.

 Retirement plan clients could pay diverse fees based upon the market value of their plan, the complexity of
 the engagement, and the level and scope of the services being provided. The fee will be documented in a
 written agreement.

 GENERAL INFORMATION

 Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party,
 for any reason, upon written receipt of notice. Upon termination of any account, any earned, unpaid fees
 will be due and payable.

 Recommended Investable Assets: Asio Capital recommends that individual or family clients have $1 million
 or more in investable assets. We can accept and have accepted clients with less assets on a case-by- case
 basis, and will accept such clients, at our sole discretion, if we determine that our services are consistent
 with the client's individual needs and circumstances.

 Mutual Fund and ETF Fees: All fees paid to Asio Capital for investment advisory services are separate and
 distinct from the fees and expenses charged by mutual funds and ETFs to their shareholders. These fees and
 expenses are described in each fund's prospectus. These fees will generally include a management fee, other
 expenses, and a possible distribution fee. A client could invest in a mutual fund or ETF directly, without our
 services. In that case, the client would not receive the services provided by our firm which are designed,
 among other things, to assist the client in determining which securities are most appropriate for the client's
 financial condition and objectives. Accordingly, the client should review both the fees charged by the funds
 and our fees to fully understand the total amount of fees to be paid by the client and to thereby evaluate the
 advisory services being provided.

 Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees and
 expenses charged by custodians and imposed by broker dealers, including, but not limited to, any transaction
 charges imposed by a broker dealer with which an independent investment manager affects transactions for
 the client's account(s). Please refer to the "Brokerage Practices" section (Item 12) of this Firm Brochure for
 additional information.

 Advisory Fees in General: Clients should note that similar advisory services may (or may not) be available
 from other investment advisers for lower (or higher) fees.

 Sales Compensation: Neither Asio Capital nor its representatives accept compensation from the sale of
 securities or other investment products.

Part 2A of Form ADV                                7                                     Asio Capital, LLC

Item 7          Types of Clients
  Asio Capital provides advisory services to the following types of clients:
          • Individuals (other than high net worth individuals)
          • High net worth individuals
          • Banking or thrift institutions
          • Pension and profit-sharing plans (other than plan participants)
          • Charitable organizations
          • Corporations or other businesses not listed above.

   We have a requirement for minimum investable assets, which is discussed above in Item 5.