Bridger Management LLC

Item 5: Fees and Compensation

Asset-Based and Performance-Based Compensation

The fees and compensation applicable to each of the Funds are set forth in detail in the
corresponding Offering Documents. A brief summary of the fees and compensation applicable to
the Funds is provided below.

We receive from the Swiftcurrent Fund a quarterly management fee (the “Management Fee”),
which ranges from 1.5% to 2.0% per annum of the net asset value of a Fund and is paid from the
assets of the Swiftcurrent Fund quarterly in advance, and an allocable portion of the Management
Fee is deducted from each relevant investor’s account at the beginning of the relevant accounting
period. In the case of an investor admitted to a Fund after the first business day of the relevant
calendar quarter, the Management Fee is pro-rated based on the admission date of such investor.

Effective as of January 1, 2023, Bridger has waived all future Management Fees for the Healthcare
Fund.

Management Fees assessed on investments in pooled investment vehicles by Bridger, its affiliates
their principals, members of the immediate families of such persons or trusts or other entities for
their benefit are reduced or waived entirely.

Generally, a Fund will pay the Management Fee in advance. If the investment management
agreement is terminated before the end of the billing period, Bridger will refund a pro rata portion
of the pre-paid fee to the Fund’s investors.

The Auson Fund is not charged any Management Fees.

An affiliate of Bridger is entitled to an incentive allocation (the “Incentive Allocation”) from the
Swiftcurrent Fund equal to 20% of any net profit allocable to each investor for such fiscal year in
excess of any loss recovery with respect to such investor’s account, adjusted for contributions,
withdrawals and distributions. The Incentive Allocation will be allocated as of the close of each
fiscal year and on any interim redemption or withdrawal of capital by an investor.

Bridger Management, LLC                                                Form ADV Part 2A Brochure

Effective as of January 1, 2023, an affiliate of Bridger waived its entitlement to receive any future
Incentive Allocation from the Healthcare Fund.

Incentive Allocation assessed on investments in pooled investment vehicles by Bridger, its
affiliates, their principals, members of the immediate families of such persons or trusts or other
entities for their benefit are reduced or waived entirely.

The Auson Fund is not subject to any Incentive Allocation.

Other Expenses

The Funds bear their own costs and expenses, such as administrative expenses, investment
expenses (e.g., brokerage commissions and expenses of outsourced trading desks, and interest
expense), fees and expenses of their governing bodies, legal expenses, valuation, accounting
(including without limitation the fees and expenses of any administrator retained for the Funds and
the fees and expenses related to regulatory filings of the Funds, the general partner/managing
member and Bridger that relate to the Funds (including by way of illustration, Form PF)), auditing
and tax preparation expenses, taxes, expenses relating to the offer and sale of interests in the Funds,
expenses relating to the organization of the Funds and extraordinary expenses. To the extent the
Funds invest in exchange traded funds and/or private investment funds, the Funds would be subject
to additional fees and expenses payable by such funds. Costs and expenses common to one or
more Clients are generally paid pro rata by each Client based on net asset value, invested capital,
the allocation of related time and services, or such other equitable basis as determined in the
discretion of Bridger. If Client account assets are invested in a master-feeder structure, the feeder
funds bear a pro rata share of the expenses associated with the related master fund.

The expenses incurred in connection with a transaction that is consummated will generally be
allocated among Funds and any participating third-party investors pro rata in accordance with their
respective actual investments or commitments in such investment opportunity, unless Bridger
determines that a different allocation methodology would be more equitable. Any expenses
incurred in connection with a transaction that is not consummated will generally be allocated
among the expected participants in the investment pro rata in accordance with their respective
expected investment or commitment in such unconsummated investment opportunity.

The Clients incur brokerage and other transaction costs when brokers are used in connection with
their investments. For additional information regarding brokerage practices, please see Item 12
below.

Item 7: Types of Clients

Bridger provides investment advisory services to the Clients. Investment advice is provided
directly to the Funds, subject to the discretion and control of the general partner/managing member
or the board of directors of the applicable Fund, and not individually to the investors in the Funds.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
1940 Act and the Securities Act. Investors in the Funds may include high net worth individuals,
trusts, estates, charitable organizations, endowments, corporations, limited partnerships, limited
liability companies, pension funds, and similar entities.

With respect to a Client that is a pooled investment vehicle, any initial and additional subscription
minimums are disclosed in the Offering Documents for the pooled investment vehicle.

Bridger does not have any standard requirements for opening or maintaining a separately managed
account and may, in its discretion, require a different minimum for any Client account.