El Castillo Investments LLC

Item 5: Fees and Compensation
El Castillo Investments, LLC charges an annual advisory fee of 2% of assets under
management (AUM). Fees are calculated based on the market value of the portfolio as of the
last business day of each calendar quarter and are billed quarterly in arrears. Fees may be
deducted directly from the client's custodian account pursuant to the client’s written
authorization.
We do not charge performance-based fees and do not charge additional fees on trading
profits or sales of securities within client-managed accounts.
El Castillo Investments does not receive compensation from the sale of securities or
investment products, including mutual funds, nor do we receive commissions, asset-based sales
charges, or service fees. We do not receive compensation or referral fees from third parties in
relation to client transactions.
Separately from advisory management services, El Castillo Investments may offer participation
in a privately issued corporate bond program. These bonds are issued directly by the firm and
provide monthly income with structured principal repayment. Income generated to support the
bond obligations may be derived from covered call option strategies implemented at the firm
level. Covered call trading is not conducted within client accounts and is not part of
advisory account management. Compensation related to this activity is exclusively tied to the
firm’s internal capital strategies and is not charged to advisory clients.
Clients may incur additional costs associated with their accounts, including but not limited to
custodial fees, brokerage commissions, transaction fees, taxes, exchange fees, wire transfer fees,
and other charges imposed by independent third-party custodians or broker-dealers. These fees
are separate from and not included in our advisory fees.
Neither El Castillo Investments nor any supervised persons accept compensation for the sale of
securities or investment products. We do not receive soft-dollar benefits.
Fixed Fees. The firm’s annual advisory fee is fixed at 2% of assets under management. The firm
does not charge fixed fees on a per-service or flat-fee basis for advisory services outside of the
AUM fee structure described above.
Negotiability of Fees. Advisory fees are negotiable at the sole discretion of El Castillo
Investments. The firm may, in its discretion, reduce or waive fees based on the nature and
complexity of the client relationship, aggregate assets under management, or other relevant
factors. Clients are encouraged to discuss fee arrangements with the firm prior to entering into an
advisory agreement.

Item 7: Types of Clients
El Castillo Investments, LLC provides investment advisory services to a range of clients,
including:
      Individual investors
      High-net-worth individuals
      Business owners and corporate clients
      Pooled investment vehicles
      Pension and profit-sharing plans
      Institutional investors
Our advisory services are tailored to each client’s financial objectives, risk tolerance, and
investment time horizon. Managed accounts are generally held with a qualified custodian such as
Charles Schwab & Co., Inc.
We typically require a minimum initial investment of $30,000 for portfolio management
services. This minimum may be waived at the adviser’s discretion based on the overall client
relationship, investment goals, liquidity needs, or other relevant circumstances.
Separately, El Castillo Investments may offer participation in its privately issued corporate
bond program, which is available only to qualified investors who meet applicable suitability
standards. These bond offerings are not considered advisory accounts and are managed
independently of assets held under advisory management.
The firm does not provide comprehensive financial planning, retirement planning, estate
planning, or tax advisory services, although general investment guidance may be provided as
part of the advisory relationship upon request. We do not act as a broker-dealer and do not
custody client funds or securities.