Fees and Compensation — Form ADV Part 2A (3/29/2021)
[Brochure]
Item 5 – Fees and Compensation
ETF Clients
Exponential charges an asset-based fee for its investment advisory services subject to an annual minimum. The
fee arrangement, termination, and refund policies are negotiated with each Fund or Sponsoring Advisor prior to
the commencement of advisory services and are described in the Fund’s offering memorandum and/or
organizational documents, or the Client’s advisory agreement, as applicable.
In the case of any investment company that Exponential may manage, this information will be set forth in the
Prospectus and Statement of Additional Information ("SAI") provided to clients prior to making any investments.
Exponential’s investment advisory fees are generally expressed as a percentage of assets under management. The
Funds charge an annual management fee that will vary. Our fee and fee-paying arrangements for providing
investment management services to the Fund(s) will be negotiated with each client on a case-by-case basis.
Although the terms of individual investment advisory agreements may vary, generally, Management Fees for ETF
clients are accrued daily, and are billed and paid monthly in arrears, out of the assets of the ETF. The Adviser does
not collect fees in advance from any client and will not deduct fees from any client account. In certain cases, the
Adviser may pay certain fees on behalf of a Fund. The Adviser may reimburse or otherwise compensate Fund
service providers for providing services to the Funds or for other reasons. Such payments vary based on the level
of services provided, the type of Fund, the level of Fund assets, or for other reasons.
SMA Clients
Although the terms of individual investment advisory agreements may vary, generally, Management Fees for
SMA clients are accrued daily, and are billed and paid monthly in arrears, out of the assets of the portfolio.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2021)
[Brochure]
Item 7 – Types of Clients
Exponential’s primary business is to provide investment advisory and sub-advisory services to registered
investment companies, such as ETFs. Exponential also offers investment advisory services to separately managed
accounts.
Filed 2015-04-21 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $500,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2015-03-23 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $500,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
3
107.6
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
0
0.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above