Caterer Goodman Partners Ltd

Item 5 Fees and Compensation

ADVISORY FEES

The following information describes how Caterer Goodman is compensated for the advisory
services we provide to our clients. The specific manner in which fees are charged and the
compensation we receive may differ between clients depending upon the individual Investment
Management Agreement and/or Sub-Advisory Agreement with each client. Caterer Goodman

reserves the right to negotiate our compensation with clients depending on the scope of our
advisory relationship, and we may charge higher or lower fees than are available from other firms
for comparable services. Caterer Goodman has the general discretion to waive all or a portion of
our fees, but typically only exercises this discretion for our employees.

Investment Management Fees. In consideration for providing investment management services
and pursuant to the terms of the Investment Management Agreement with the client, Caterer
Goodman generally charges clients an advisory fee at an annualized asset-based fee of 1.5% of
each client’s assets under management, generally billed and payable quarterly in arrears. This fee
is deducted from client’s account by Interactive Brokers, pro rata on the average daily value within
the account.

If a client chooses, our investment management fees are deducted from the client’s account(s) and
remitted to us pursuant to the client’s written instructions to the broker-dealer holding the account.

Sub-Advisory Fees. In consideration for providing sub-advisory investment management services
and pursuant to the terms of the Sub-Advisory Agreement with an adviser, Caterer Goodman
generally charges advisers 1% of each client’s assets under management, generally payable
quarterly in arrears. Caterer Goodman does not have direct terms with investment platforms.
Caterer Goodman has a referral relationship with investment advisers such as the Financial
Services Network (Cyprus), Citibridge Asia (Hong Kong) who have direct terms with the relevant
investment platform. In accordance with Sub-Advisory Agreements, these investment advisers
remit Caterer Goodman’s sub-advisory fee via bank wire. Caterer Goodman does not have the
authority nor capacity to directly deduct fees from client accounts that fall under its Sub-Advisory
Agreements.

Additional Fees and Expenses. Clients will incur transaction charges and/or brokerage fees when
purchasing or selling securities. These charges and fees are typically imposed by the broker-dealer
through which account transactions are executed. For more information on our brokerage
practices, please refer to the “Brokerage Practices” section of this Brochure.

The fees that clients pay to our firm for investment advisory services are separate and distinct from
the fees and expenses charged by mutual funds and/or exchange traded funds (described in each
fund’s prospectus) to their shareholders. The fees charged directly by mutual funds and exchange
traded funds will typically include a management fee and other fund expenses. Caterer Goodman
does not receive any portion of the fees and expenses charged by mutual funds and/or exchange
traded funds.

To fully understand the total costs associated with their investment portfolio, clients should review
all the fees charged by mutual funds, exchange traded funds, our firm and others.

Termination. The Investment Management Agreement and Sub-Advisory Agreement may
generally be terminated by either party upon thirty (30) days’ written notice. Upon termination of
our status as the client’s investment adviser or Sub-Adviser, Caterer Goodman will not take any
further action with respect to the client’s account(s) unless specifically notified by the client in

writing. Clients will be responsible for instructing their broker-dealer and monitoring their account
for the final disposition of assets.

Refunds. Upon receipt of a proper notice of termination from the client, as described in the
Investment Management Agreement and/or Sub-Advisory Agreement, any earned unpaid fees will
be billed on a pro-rata basis based on the amount of work performed by us up to the point of
termination.

Brokerage Commissions. Caterer Goodman does not receive brokerage commissions from the
sale of securities or other investment products. Our compensation for recommending securities
and investment products is limited to the advisory fees described above.

Remuneration for Fund Platforms outside the United States

Ongoing management of fund platform accounts established by other brokers, usually in the
British Isles, and managed by Caterer Goodman Partners for clients, operate in the following
fashion with regard to fees and remuneration. In the case of regular contribution investment plans
known as “savings plans”, CGP may receive a proportion of 50-75%, depending on the
intermediary agreement, of the 2% renewal premium for each contribution made. Should the client
choose to cease contributions to their investment plan, then this payment also ceases.

Alternatively, CGP charges a management fee of 1% on investment account balances for ongoing
management and investment review services. Again, this fee is split in a range of 50-75% with
intermediaries such as Financial Services Network (Malta) and Citibridge Consulting (Hong
Kong). When a management fee arrangement exists on a regular contribution plan, then the 1%
management fee is charged only on accumulation units. Accumulation units exist once an investor
continues to invest beyond the period known as the “initial investment period”. This period of time
will vary according to the length of time agreed at outset by each individual client and is usually
in a range of 3 months to 2 years.

Fund Placement Fees and Costs for Non-Americans

Presently Caterer Goodman Partners has agreements with fund managers such Belmont
Investments (Ireland) and Guiness Investments (Ireland). Caterer Goodman Partners receive fund
...

TYPES OF CLIENTS

Caterer Goodman generally offers investment advisory services to individuals, high net worth
individuals, and other investment advisers. Client relationships may vary in scope and length of
service.

ACCOUNT REQUIREMENTS

Caterer Goodman generally requires a minimum account balance of $250,000 for our non-
discretionary and/or discretionary investment management services. A lower amount might be
accepted if the client commits to adding money to the account regularly to meet the minimum
account value of $250,000 within a reasonable amount of time. Caterer Goodman may, in its sole
discretion, waive, reduce, increase, or alter these minimum amounts.