Cargile Investment Management Inc

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services varies between 0.10% to 2.0% depending upon the
market value of your assets under our management, the type and complexity of the asset management
services provided, as well as the level of administration requested either directly or assumed by the
client. Assets in each of your account(s) are included in the fee assessment unless specifically
identified in writing for exclusion. Our annual portfolio management fee is billed and payable, quarterly
in arrears, based on the balance at end of billing period.

Where you have authorized, we will deduct our fee directly from your account through the qualified
custodian holding your funds and securities. We will deduct our advisory fee only when you have given
our firm written authorization permitting the fees to be paid directly from your account. Further, the
qualified custodian will deliver an account statement to you at least quarterly. These account
statements will show all disbursements from your account. You should review all custodial statements
and fee deductions for accuracy. If you find any inconsistent information between our portfolio
management fee and the statement(s) you receive from the qualified custodian, call our main office
number located on the cover page of this brochure.

If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, 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 quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

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 quarter for which you
are a client.

Cargile Investment Management reserves the right to stop work on any account that is more than 30

days overdue. In addition, Cargile Investment Management reserves the right to terminate any
agreement where a client has willfully concealed or has refused to provide pertinent information about
financial situations when necessary and appropriate, in Cargile Investment Management's judgment, to
providing proper financial advice.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices,
refer to the Brokerage Practices section of this brochure.

Persons providing investment advice on behalf of our firm are licensed as insurance agents. These
persons will earn commission-based compensation for selling insurance products, including insurance
products they sell to you. Insurance commissions earned by these persons are separate from our
advisory fees. This practice presents a conflict of interest because persons providing investment
advice on behalf of Cargile Investment Management who are insurance agents have an incentive to
recommend insurance products to you for the purpose of generating commissions rather than solely
based on your needs. You are under no obligation, contractually or otherwise, to purchase insurance
products through any person affiliated with our firm.

Mutual Fund
Mutual funds charge operating expenses and investment management fees. As described in the
Mutual Fund prospectus, Cargile Investment Management receives a 1.00% management fee from
the Mutual Fund based upon the amount of assets invested in the Mutual Fund. In addition, as also
described in the Mutual Fund prospectus, Cargile Investment Management receives an additional fee
of 0.65% of the Fund’s average daily net assets up to $25 million, 0.35% of the Fund’s average daily
net assets from $25 million to $100 million, and 0.25% of such assets in excess of $100 million and is
obligated to pay the operating expenses of the Fund excluding management fees, brokerage fees and
commissions, 12b-1 fees (if any), taxes, borrowing costs (such as (a) interest and (b) dividend
expenses on securities sold short), ADR fees, the cost of acquired funds and extraordinary expenses.
Effective November 1, 2021, the Adviser has contractually agreed to waive Services Agreement fees
by 0.10% of its average daily net assets through October 31, 2022. Cargile Investment Management
will waive its investment advisory fee described in Portfolio Management Services above with
respect to any client assets invested in the Mutual Fund. Accordingly, Cargile Investment
Management will only receive one layer of management fees—the investment management fee
payable by the Mutual Fund. The client may direct Cargile Investment Management, in writing
at any time, not to exercise its discretionary authority to place client assets in the Mutual Fund.
The Chief Compliance Officer of the Mutual Fund, Julian Winters, remains available to address
...

Item 7 Types of Clients
Description
Cargile Investment Management generally offers investment advice to individuals, high net worth
individuals, pension and profit-sharing plans, State or municipal government entities, trusts,
estates, or charitable organizations, corporations and registered investment companies.

Client relationships vary in scope and length of service.

Account Minimums
The minimum annual account fee is $1,500.00. The minimum may be waived at the firm's sole
discretion.

Cargile Investment Management retains the discretion to waive the account minimum. Smaller
accounts may be established when the client and the advisor anticipate the client will add additional
funds to the account(s). Other exceptions will apply to employees of Cargile Investment Management
and their relatives, or relatives of existing clients.