Chicago Capital LLC

Item 5 – Fees and Compensation
Chi-Cap provides discretionary investment management services to clients and we charge
annual fees in accordance with each investment advisory agreement. Fees are billed quarterly,
in advance, based on the total market value of each account (including accrued interest and
dividends) on the last day of the prior quarter. Ongoing fees reduce the value of an investment
portfolio over time. Because of the fees you pay, you have a smaller amount invested that is
earning a return whether the fee is paid separately or debited from a portfolio’s assets. We
encourage clients to discuss fees and expenses with their representative.
Our investment management fees are 1.00% per year. Our minimum fee is $20,000 per year.
Our fees are individually determined and may vary from client to client. We, in our sole
discretion, may negotiate fees with clients. Not all clients pay fees as described in this section.
Differences can arise for various reasons including account size, total assets under management
for the client, inception date of an account relationship, other costs incurred by the account,
types of investments utilized, specialized service or arrangements, or other reasons not listed.
We, in our sole discretion, may waive or reduce the management fee schedules for clients who
are members, employees, or affiliates of the Company, relatives of such persons, certain large
or strategic investors, and in certain other limited circumstances. Based on these factors, some
clients may pay higher fees than another client in the same strategy.
We bill clients directly for investment management fees. Many of our clients elect to have their
quarterly fees directly debited from their custody accounts. When a client terminates their
agreement with Chi-Cap, we calculate our final invoice pro-rata based on the number of days
that we provided services during the current calendar quarter and refund any unearned fees.
We do not charge additional fees for services such as: communicating with clients’ accountants
and lawyers, arranging charitable stock donations or other such client-service related requests.
We may charge consulting fees for advice to non-investment management clients who want to
meet regularly. Our minimum consulting fee starts at $1,000 per hour.

Chicago Capital provides financial planning and advisory services to clients to help them
determine the services that may be appropriate given their goals and objectives. We may charge
a fee for these services that is separate from any investment advisory fees. Examples of these
services include investment planning, insurance planning, tax planning & integration,
retirement planning, education planning, debt/credit planning, and other services.
Our fees do not include any brokerage commissions, dealer mark-ups or spreads, auction fees,
exchange fees, trustee fees, maintenance fees, custodial fees, bank fees, margin interest or
lending fees, national securities exchange fees, taxes and duties, regulatory fees, foreign
exchange, termination fees, electronic fund or wire transfer fees or other costs or fees charged
by a client’s broker or custodian. Additionally, money market funds, exchange traded funds,
and mutual funds charge clients for their internal fees and expenses. These fees and expenses
are described in each fund’s prospectus. We do not share in any of these internal fees and
expenses. Please see Item 12: Brokerage Practices below for additional information about
brokerage.
We use mutual funds in many retirement, 529, and other accounts, where the mutual fund
family choices are often restricted. We oversee these accounts and make changes as we change
our asset allocation or choose to transact in a specific fund. Most of the money market mutual
funds we use are invested in government securities.
Research services, in the form of historic and current positions to third party institutional
investors, are charged a quarterly data fee based on usage and other items, customized per
arrangement per the terms of the executed agreement.

Item 7 – Types of Clients
We provide advisory services to individuals, high net worth individuals, families and their
related accounts (IRAs, 401(k)s, 529s, 403(b)s; and trusts); foundations; other registered
investment advisers and corporations.