Elliott Cove Capital Management LLC

Item 5 – Fees and Compensation
Elliott Cove Basic Fee Schedule:
Elliott Cove provides its investment management services for a fee that is based on a percentage of assets
under management. In those cases, where the client is referred to us, variations can be made depending on
the relationship between Elliott Cove and the adviser or broker introducing the client. Any such variation
is disclosed and agreed to in the clients’ Investment Advisory Contract. Fees are negotiable based on the
value of assets under management, complexity of the client's situation, the advisor representative providing
services, and other factors determine between the firm and the client. We will waive or reduce our fee for
services when provided to employees and other affiliated persons or our firm. Minimum account size is
$25,000, although Elliott Cove reserves the right to accept accounts lower than our minimum account size.
The fees for advisory services are payable quarterly in arrears to Elliott Cove and will be based on the
average daily balance of the account, including cash, for the previous quarter or fraction thereof. Standard
payment of asset management fees is by automatic deduction from the account. There will be other fees
charged by the custodian/trustee not included in this fee schedule.

The annual setup fee for SIMPLE IRA plans set up by an employer will be $1000. The first annual fee is
due at inception from the employer and then every anniversary year thereafter. All employee accounts
and any other investment accounts they or the employer have with Elliott Cove Capital Management will
be combined for fee calculation purposes. As long as that household fee family balance is $100,000 or
greater the $1,000 annual fee will not be charged. That balance will be determined on the anniversary
date. SIMPLE IRA plans commenced prior to March 15, 2024 will require the $1,000 annual fee if new
employee SIMPLE IRA accounts are added and the total assets held by participants is less than $100,000.
The initial account investment and all subsequent additions will be invested in cash upon receipt by the
Custodian for the benefit of the investor, pending transfer to Elliott Cove portfolio(s). Elliott Cove will
invest the funds into the selected Elliott Cove portfolio(s) on or before the first Elliott Cove regularly
scheduled trading day following receipt of funds by the Custodian. Portfolio trades are processed daily,
and in all cases will occur within five business days following receipt of funds by the Custodian.
The maximum annual basic advisory fee structure for accounts is tiered and is currently:
                             Assets Managed*                       Maximum Annual Fee
                             First $250,000 (tiered)                            1.50%
                             Next $750,000 (tiered)                             1.25%
                             **Total Assets over $1,000,000 stepped (all at)    1.00%

* Minimum account size is $25,000
**Combined assets per fee family must total $1,000,000 or more and will be adjusted if total falls below
$1,000,000 back to the tiered schedule of first $250,000 at 1.50% and the next $750,000 at 1.25%
An example of the fee for a client with an average daily balance of $751,000 for an entire quarter would be
calculated as follows:
                       $250,000     X      1.5%/4         =                       $937.50
                       $501,000     X      1.25%/4        =                     $1,565.63
                                                          Total Quarterly Fee   $2,503.13

A client can cancel his or her Investment Advisory Contract at any time by providing Elliott Cove and/or
the custodian, Axos Advisor Services approved paperwork for distribution or transfer. A client can
withdraw from this contract without penalty or fees, as it applies to Elliott Cove, within 5 business days of
receipt of his or her Investment Advisory Contract.
Clients should be aware that mutual funds whose shares are held in client accounts pay advisory and other
fees and expenses out of the funds’ assets. These are referred to as operating expenses by mutual fund
companies. These operating expenses are charged by the mutual fund companies regardless of which
Investment Advisor you select and are assessed by and for the benefit of the mutual fund company. Elliott
Cove does not share in any fees assessed by mutual fund companies.
                                        NOTICE TO INVESTOR
                                        IMPACT OF FIXED FEES
Our minimum account size is $25,000, however, we reserve the right to accept accounts below the minimum
account size. As an investor, you should be aware of the impact of fixed fees on account balances below
the $25,000 minimum.
The Elliott Cove Advisory Fee for assets up to $25,000 is 1.50% per year. The actual dollar amount in fees
is adjusted according to the account balance.
The Axos Advisors’ Custodial Fee is .07% or $30 a year whichever is greater. In addition, should you close
your account, Axos Advisors will assess a termination charge (not reflected in the table below).

Below is a table reflecting the total dollar impact of these combined fees and the effect the fees have on the
account expressed as Combined Fee %.
      Amount     AAS Custodial Fee      ECCM Advisory Fee        Combined Fee       1st Year Combined Fee %
 $         100              $    30               $         2          $     32                        31.50%
 $         250              $    30               $         4          $     34                        13.50%
 $         500              $    30               $         8          $     38                         7.50%
 $         750              $    30               $        11          $     41                         5.50%
  $      1,000              $    30               $        15          $     45                         4.50%
...

Item 7 – Types of Clients
Elliott Cove provides advisory services to the following types of clients:
   •   Individuals
   •   Pension and profit-sharing plans
   •   Trusts, estates, or charitable organizations
   •   Corporations or business entities other than those listed above
Minimum account size is $25,000, although Elliott Cove reserves the right to accept accounts lower than
our minimum account size.