Carosa Stanton Asset Management LLC

Item 5     Fees and Compensation

Carosa Stanton Asset Management bases its fees on a percentage of assets under management. For the provision
of comprehensive investment supervisory services, the firm shall be paid a fee on a monthly basis in arrears at
the basic semi-annual fee rate schedule outlined below. Carosa Stanton Asset Management, LLC shall be
compensated on the basis of the portfolio’s month end market value and not upon the basis of a share of capital
gains upon or capital appreciation of the portfolio or on any portion of the portfolio of the client.

Should the account be cancelled after the end of the billing period but before the end of the next billing period,
Carosa Stanton Asset Management, LLC shall be entitled to a pro-rata share of the fee based on the number of
days within the final billing period for which the firm rendered services.

Carosa Stanton Asset Management, LLC Form ADV Part 2 Dated: 3/24/2026                                       2

The basic semi-annual fee rate schedule is:

5/8 of 1% for the first million*;                            The basic annual fee rate schedule for IFC clients
1/2 of 1% for the next million;                              is:
and 3/8 of 1% for the remaining assets.                           3/10 of 1% for all assets*;
* The minimum semi-annual fee rate is $2,500.                    * The minimum annual fee rate is $15,000.

Carosa Stanton Asset Management LLC retains the right to negotiate the fee schedule. The agreement may be
cancelled upon written notice by either party.

In addition to the above fees, custodians may charge transaction fees on purchases or sales of certain mutual
funds, stocks, bonds, and exchange-traded funds. These transaction charges are usually relatively small and are
incidental to the purchase or sale of a security. In some cases, custodians also charge monthly, quarterly or
annual custody fees. Fees for custody are disclosed to clients by the custody and the client is responsible for
selecting the custodian.

Mutual funds and exchange traded funds generally charge a management fee for their services as investment
managers. The management fee is included in the expense ratio. Mutual fund fees also include transaction
charges for the purchase or sale of securities within the fund and may charge other fees as disclosed in the fund
prospectus. These fees are in addition to the fees paid by the client to Carosa Stanton Asset Management, LLC
and Carosa Stanton Asset Management LLC does not receive any portion of these fees.

Please see the section entitled “Brokerage Practices” on page 5 for more information.

Item 7 Types of Clients

Carosa Stanton Asset Management, LLC offers investment supervisory services to individuals, families and
their related entities, trusts and estates, family businesses as well as corporate retirement plans.