Build Asset Management LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services varies between 0.25% and 2.000%, depending upon
the market value of your assets under our management, the type and complexity of the asset
management services provided, and the level of administration requested either directly or assumed by
the client. Your specific fee will be included in the investment management agreement you sign with
us. Assets in each of your account(s) are included in the fee assessment unless specifically identified
in writing for exclusion. Fees may be negotiable based on the same considerations.

Our annual portfolio management fee is billed and payable monthly in arrears, based on the asset
value of your account on the last day of each month, unless the client has opted to pay management
fees from a different account or entered into a flat fee arrangement or hourly fee arrangement. In the
event fees are deducted from a client's account, the Custodian will be directed to pay us directly from
client accounts upon receiving an invoice from us.

If the portfolio management agreement is executed at any time other than the first day of a calendar
month, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the month for which you are a client.

You may terminate the portfolio management agreement upon written notice. You will incur a pro rata
charge for services rendered prior to the termination of the portfolio management agreement, which
means you will incur advisory fees only in proportion to the number of days in the month for which you
are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated
refund of those fees.

Custodial fees will be paid as arranged between the client and the custodian. You also will pay
brokerage fees for account transactions. See Brokerage Practices, below, for more information. Fund
management fees such as mutual fund or ETF fees will be paid out of fund assets as set out in the
fund prospectus.

Investment Management Services to the CIT/CIF
Build’s fees for management of the assets within the CIT/CIF are negotiable, contract-specific and
project-based. Currently, our fee for portfolio management services is based on an annual rate of 65
basis points (.65%) of the assets in the CIT/CIF we manage, together with any applicable custodial fee
that the custodian may separately charge.

Our fees for portfolio management of the CIT/CIF are currently deducted by the custodian on a daily
basis, at the direction of the Trustee, based on an amortized schedule and set aside for future
reimbursement to Build. The Trustee of the CIT/CIF will reimburse Build those collected fees, in
arrears, monthly. For any partial billing periods, the fee will be prorated based upon the number of
days the account was open.

Build is not compensated on the basis of a share of capital gains upon or capital appreciation of the
funds or any portion of the funds of the client.

Build agrees to pay to the Trustee establishment fees, as well as other fees, costs, and expenses, as
defined and set forth in Exhibits B and C to the Advisory Agreement between Build and the Trustee, no
later than ten (10) business days following the execution of said Advisory Agreement. Any accounts
past due 30 days or more will be charged interest in the amount of 2% per month or the maximum

allowed by law, whichever is highest.

In the event that Build proposes a mutual fund(s) or other investment product from which Build would
derive a fee, Build agrees to rebate 100% of the fees back to the CIF(s) as applicable. Build
acknowledges that any approval of such investment product by the Trustee is contingent upon Build’s
agreement set forth in the paragraph below.

Build pays any fees, costs, and expenses as set forth in the Advisory Agreement with the Trustee
beginning as of the effective date of the Advisory Agreement irrespective of CIF funding and for the
entire term of the contract as outlined in Section 13 of the Advisory Agreement.

Neither the firm nor any associated person receives any compensation for the sale of securities or
investment products. All fees paid to Build are separate and unrelated to any fees or expenses
assessed by any broker, custodian, or other outside party. Information related to brokerage costs is
detailed in Item 12 below.

The initial term of the Advisory Services Agreement (“Agreement”) between Build and the Trustee was
three (3) years from the effective date of the Agreement and is automatically renewed for additional
one-year terms. The Trustee may terminate the current Agreement upon 30 days' written notice to our
firm. The advisory fees set aside from the assets in the CIT/CIF will be reimbursed to Build for services
rendered prior to the termination of the Agreement where and if applicable, which means it will incur
advisory fees only for the number of days for which the CIT/CIF was a client.

Investment Management Services to the Registered Investment Company
For its services as investment adviser to the Build Bond Innovation ETF, Build is paid a monthly
management fee by the Fund at an annual rate (stated as a percentage of the average daily net assets
of the Fund) of 0.45%.

Investment Management Services to the Build Secured Income Fund I
For its services as investment adviser to the Build Secured Income Fund I, Build is paid a monthly
management fee by the Fund at an annual rate (stated as a percentage of the average daily net assets
of the Fund) of 1.00%. The management fee is billed monthly in arrears based on the Private Fund's
NAV as of the last day of the immediately preceding month. Detailed information regarding the fees,
compensation and other important items is provided in the Private Fund's offering and/or organizational
documents.

Investment Management Services as a Sub-Adviser
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Item 7 Types of Clients
We offer investment advisory services to investment companies, other investment advisers, a trust
company, a private fund, institutional clients, businesses, and individuals, including high net worth
individuals. We also provide model-based offerings.

In general, we do not require a minimum dollar amount to open and maintain an advisory account;
however, we have the right to terminate your Account if it falls to a level which, in our sole opinion, is
too small to manage effectively. We reserve the right to charge a minimum annual advisory fee
regardless of account size.