Envoy Advisory Inc

Item 5 Fees and Compensation
Advisory fees are negotiable, and arrangements with each client may differ. Envoy may in its sole
discretion reduce or waive management fees for friends and family members, or to compete in
acquiring prospective customer's business. Envoy may amend its standard fee schedule at any time
but must obtain written approval to increase fees charged to current clients. Advisory fees are typically
collected by Envoy TPA and Recordkeeping which then remits payment to Envoy Advisory, unless
otherwise agreed. Plan Sponsors may choose to pay Plan-level advisory and/or other fees
directly. Please note that we calculate our fees through our portfolio accounting system, Addepar,
which receives feed(s) from the custodian. However, the quarter end and month end balances
determined by Addepar, and which we calculate our fees, could be different from your balance on your
custodial statement due to timing of corporate actions, accrued interest, and trade settlements.

All asset-based fees are billed in advance. For the avoidance of doubt, there are no fees payable to
Envoy Advisory for the first month Envoy Advisory's advisory agreement with a client is in force. But in
the event the advisory agreement is terminated as of any date other than the end of a calendar month
there is no rebate of prepaid fees for that month.

Basic Level Advisory Fees
The maximum annual Basic Level Advisory Fee ("Basic Level Fee") for clients is 0.65% and is
identified in the client's Investment Advisory Agreement.

For individual retirement accounts (IRAs) and non-qualified individual accounts, our maximum annual
investment advisory fee as a percentage of assets under management is 2.05%. The specific advisory
fees are set forth in the client's Investment Advisory Agreement. Envoy may negotiate a lower advisory
fee or waive the advisory fee entirely. Fees may vary based on the size of the account, complexity of
the portfolio, extent of activity in the account or other reasons agreed upon by us and you as the client.
In certain circumstances, our fees and the timing of the fee payments may be negotiated.

Basic Managed Model Advisory Fees
Basic Managed Model Fees are charged in addition to the Basic Level Fee discussed above and
applies to the Total Universe Target Date and Faith-Based Target Date Models. For those Participants
and clients who select a Basic Managed Model Program, the fees will be collected by Envoy TPA and
Recordkeeping which then remits payment to Envoy Advisory.

For IRAs or non-qualified individual accounts, our maximum Basic Managed Model portfolio fee as a
percentage of assets under management is an additional 0.25%. Many of our Plan Sponsor clients
select this model as the Qualified Default Investment Alternative, meaning employer contributions (and
in some circumstances employee contributions) will be subject to this additional fee if the Participant
does not affirmatively select an investment option. The specific advisory fees are set forth in each
client's Investment Advisory Agreement. Envoy may negotiate a lower advisory fee or waive the
advisory fee entirely. Fees may vary based on the size of the account, complexity of the portfolio,
extent of activity in the account or other reasons agreed upon by us and you as the client. In certain
circumstances, our fees and the timing of the fee payments may be negotiated.

Professionally Managed Model Advisory Fees
Professionally Managed Model Fees are charged in addition to the Basic Level Fee discussed above
and applies to the Risk-Based and Risk-Based Plus Models. For those participants or individual clients
(qualified or non-qualified accounts) who select a Professionally Managed Model Program, the fees will
be collected by Envoy TPA and Recordkeeping which then remits payment to Envoy Advisory.

For IRAs or non-qualified individual accounts, our maximum Professionally Managed Model portfolio
fee as a percentage of assets under management is an additional 0.45%. The specific advisory fees
are set forth in each client's Investment Advisory Agreement. Envoy may negotiate a lower advisory
fee or waive the advisory fee entirely. Fees may vary based on the size of the account, complexity of
the portfolio, extent of activity in the account or other reasons agreed upon by us and you as the client.
In certain circumstances, our fees and the timing of the fee payments may be negotiated.

Non-Standardized Plan Sponsor Fees:
For new Plan Sponsors who elect to map prior Plan investment choices to the new Plan investment
options, the following fees may also apply:
     • $750 (one-time) for a Plan Sponsor directed/selected investment menu;
     • $25 per Participant for mapping from prior Plan investment choices;

Other non-standard Plan Sponsor fees:
    • $500 for ongoing review of Plan Sponsor directed investment option menus;
    • $200 for an annual Plan oversight committee in-person meeting;
    • $250/hour for additional hourly fees for special projects.

All fees paid to Envoy for advisory services are separate and distinct from the fees and expenses
charged by affiliated and/or non-affiliated third-party service providers. These separate fees and
expenses include, but are not limited to, custodial fees, execution costs, record-keeping fees, and
mutual fund fees and expenses. Client assets also may be subject to transaction fees, brokerage fees
and commissions, retirement plan administration fees (if applicable), trustee fees, deferred sales
charges and redemption fees on mutual funds, 12b-1 fees, sub-transfer agent fees, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, overnight courier or postage fees,
and other fees and taxes on brokerage accounts and securities transactions. For mutual funds and
ETFs, a client may be charged internal management fees, distribution fees, redemption fees and other
expenses, which are fully described in the applicable fund's prospectus. Fees charged to Plans by
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Item 7 Types of Clients
Envoy primarily provides investment advisory services to ERISA and non-ERISA Employer-Sponsored
Retirement Plans. Additionally, Envoy provides services to certain individuals with qualified and
nonqualified accounts. Envoy does not have a minimum initial account value.

As mentioned previously in this Brochure, our firm may recommend investment opportunities in the
HIS Kingdom Resources Trust. Investors in the Fund will be required to make a minimum initial
investment of $200,000 upon subscription. Investors and prospective investors should refer to the
Fund's offering documents for further information on minimum investment and investor qualification
requirements.