Item 5 – Fees and Compensation
A. Description
East Hill bases its fees on a percentage of assets under management and performance based fees,
as applicable and permissible under the relevant rules. The management fees charged range from
an annual rate of .225% to 2.0%, based on the asset value on the last business day of the calendar
quarter. These fees are negotiated on a client by client basis and may include factors such as the
size and nature of an account as well as its investment objectives and guidelines. A performance
based fee of 20% of the net profit for the fiscal year period over the previous high water mark may
also be negotiated. In the case of the pooled investment vehicle managed by East Hill, a
performance allocation based on the net profit for the fiscal year period over the previous high
water mark is due. East Hill, under certain circumstances, may choose to waive either one or both
of the previous mentioned fees in its sole discretion. Fund management fees, carried interest and
applicable expenses are outlined with specificity in the Fund’s relevant offering documents.
B. Fee Billing
The specific manner in which fees are charged by East Hill is established in a client’s written
agreement with East Hill. East Hill bills its management fees on a quarterly basis in arrears. Clients
may elect to be billed directly for fees or authorize East Hill to directly debit fees from a client’s
account. Management fees shall be prorated for each capital contribution and withdrawal made
during the applicable calendar quarter (with the possible exception of de minimis contributions
and withdrawals). Accounts initiated or terminated during a calendar quarter will be charged a
prorated fee. Unless otherwise waived, upon termination of any account, any unpaid fees will be
due and payable.
C. Other Fees and Expenses
East Hill’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses, which shall be paid for by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Such charges, fees and commissions are exclusive of and in addition to East Hill’s
fees, and East Hill shall not receive any portion of these commissions, fees, and costs. Certain
accounts and the pooled investment vehicle will also reimburse East Hill for expenses incurred by
or on behalf of the account, including without limitation, all costs and expenses associated with
administration, bookkeeping, audit, tax, legal, reporting and other expenses relating to the
operation and administration of the account. Discounts, not generally available to our advisory
clients, may be offered to family members of East Hill’s employees. East Hill may elect to waive
or reduce the management fee in whole or in part for any Limited Partner.
East Hill may group certain related client accounts for the purposes of determining the account
size and/or annualized fee.
Certain legacy client agreements may be governed by fee schedules different from those listed.
All fees paid to East Hill for investment advisory services are separate and distinct from the
fees and expenses charged by mutual funds and ETFs to their shareholders. These fees and
expenses are described in each fund's prospectus. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. A client could invest in
a mutual fund or and ETF directly, without the services of East Hill. In that case, the client
would not receive the services provided by East Hill which are designed, among other things,
to assist the client in determining which mutual fund or funds or ETFs are most appropriate to
each client's financial condition and objectives. Accordingly, the client should review both the
fees charged by the funds and ETFs and the fees charged by East Hill to fully understand the
total amount of fees to be paid by the client and to thereby evaluate the advisory services being
provided.
Item 12 further describes the factors that East Hill considers in selecting or recommending broker-
dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).
D. Fees in Advance
Clients may not pay management fees or performance fees in advance.
E. Securities Compensation
Not applicable.