Dolan McEniry Capital Management LLC

Item 5             Fees and Compensation

General Fee Information
In cases where Dolan McEniry is responsible for billing the client, client accounts are typically billed
quarterly in arrears and pro-rated for partial periods, contributions and withdrawals. At the client’s
direction, Dolan McEniry either deducts the fees directly from the client’s account or bills the client
the fees owed. In most cases, Dolan McEniry sends the client an invoice showing the amount of
the fees, the net asset value of client’s assets on which the fees are based, and the specific manner
in which the fees were calculated. Fees may be negotiable based on account size and other
considerations. Fees may be waived on accounts of the firm’s Managing Members and their family
members (“proprietary accounts”) and certain other accounts where a Managing Member provides
pro-bono services.

In a wrap fee program, the sponsor charges its clients a bundled asset-based fee for a package of
investment services, such as brokerage, advisory, research, custody and management services.
The sponsor is responsible for paying Dolan McEniry a portion of the bundled fee for its investment
management services. The fee Dolan McEniry earns is negotiated separately with each sponsor
and will vary from program to program. Further, the fees clients pay to the sponsor vary and Dolan
McEniry does not have any control or influence over the fees charged to clients by the sponsor.

Clients may incur separate custodian, brokerage and transaction costs. Custodian fees are
negotiated by the clients and their selected custodian(s). Please see Item 12 for information about
Dolan McEniry’s brokerage practices.

Fee Schedule
Dolan McEniry’s standard fee is up to 0.40% (40bps) of assets under management for the Core Plus,
Credit, Core, and Short Duration strategies. The standard fee for Dolan McEniry’s High Yield strategy
is up to 0.60% (60bps) of assets under management. Fees may be negotiable based on account size
and other considerations and may differ from the standard fee.

Fees for managing wrap fee accounts are charged to the client by the wrap program sponsor as part
of a bundled fee. Dolan McEniry receives a portion of the bundled fee for investment management
services directly from the wrap program sponsor. Fees are based on a percentage of the account’s
market value and may differ from Dolan McEniry’s standard fee.

Dolan McEniry Capital Management   120 N. LaSalle Street, Suite 1510, Chicago, IL 60602 USA   +1 312 345 4800         dolanmceniry.com

                                                                                                                Form ADV Part 2A
                                                                                                                   March 10, 2026

Fees for providing management services for pooled-investment vehicles, such as UCITS funds
or registered investment companies, are charged to the client by the vehicle’s administrator and
are part of a bundled fee. Dolan McEniry directly or indirectly receives a portion of the bundled fee
for investment management services. Fees are based on a percentage of the pooled-investment
vehicle’s market value and may differ from Dolan McEniry’s standard fee. Clients invested in pooled-
investment vehicles should refer to the applicable fund’s governing documents for a description of the
fees and expenses of the fund.

Account Valuation Practices
Dolan McEniry uses account market values to calculate investment performance and client fees,
so it is important that these values are as accurate as possible. Dolan McEniry’s account valuation
practices are described below.

Dolan McEniry utilizes pricing information provided by ICE Data Services (“Primary Pricing Source”)
to value client portfolios on month-end. Intramonth and in instances where the Primary Pricing Source
does not provide a price on month end, Dolan McEniry will attempt to obtain a price directly from an
Advent Custodial Data (“ACD”) interface where the security is held. Should the ACD interfaces to
which Dolan McEniry subscribes not supply a price or if Dolan McEniry determines any price received
through the Primary Pricing Source or otherwise is not reflective of the market value, Dolan McEniry
will establish a fair value for the security. In this case, fair value prices are determined by at least two
members of Dolan McEniry’s portfolio management team, one of which must be a Managing Member
of the firm.

There are inherent conflicts of interest when Dolan McEniry values client accounts, as higher
security prices increase market values, thereby enhancing performance results and increasing fees.
In addition, because clients pay different fees based on differing fee schedules or the size of the
account, Dolan McEniry has an incentive to favor those accounts where it earns the highest fees.
Dolan McEniry maintains investment, trade allocation, and account valuation (including fair valuation)
policies and procedures to address such conflicts of interest.

Item 7             Types of Clients

Dolan McEniry manages assets for foundations, endowments, public pensions, Taft-Hartley accounts,
corporations, sovereign nations, high net worth individuals, charitable organizations, wrap clients
and pooled-investment vehicles (e.g. UCITS, registered investment companies). Dolan McEniry also
provides sub-advisory services to private funds.

Dolan McEniry provides discretionary account management for proprietary accounts, as defined
above in Item 5. Proprietary accounts may be included in a block order along with client trades when
Dolan McEniry determines the proprietary accounts are not unfairly advantaged by trading along with
client accounts.

Please see Item 12 for a discussion of Dolan McEniry’s trading practices.

Dolan McEniry Capital Management   120 N. LaSalle Street, Suite 1510, Chicago, IL 60602 USA   +1 312 345 4800         dolanmceniry.com

                                                                                                                Form ADV Part 2A
                                                                                                                   March 10, 2026

Dolan McEniry’s minimum account size is $500,000 for the Core Plus, Credit, Core, Short Duration,
and High Yield strategies. Dolan McEniry’s participation in wrap fee or similar programs may require
acceptance of account sizes less than the generally preferred minimum. Account minimums may be
subject to negotiation.