Euclid Investment Advisory LLC

Item 5 – Fees and Compensation

The base fee for managing client assets is 1% of the assets under management. The Euclid Global Income and
Growth strategy fee is 1.0% for the first $5mm in assets in a client account. The fee is assessed based upon the
balance(s) at the end of a calendar quarter and fees are charged quarterly to clients, either through direct
billing or through direct debiting of the account(s) per the client’s written instructions.

Euclid Investment Advisory’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred 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.

Mutual funds and exchange traded funds also have internal management fees, which are disclosed in a fund’s
prospectus. Such charges, fees and commissions are exclusive of Euclid Investment Advisory’s fee.
Euclid Investment Advisory does not receive any portion of these commissions, fees, and costs. Euclid’s sole
compensation is derived from client management fees and previously disclosed NERT payments.

Item 12 further describes the factors that Euclid Investment Advisory considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions). As of the date of this brochure, Euclid’s custodians and broker are TD Ameritrade and
Charles Schwab.

Accounts are charged based on quarter-end balances. Client deposits or withdrawals and market fluctuations
may affect quarter end balances, in Euclid believes that over time these even out and at Euclid’s fee (no more
than 0.25%/quarter), the size of the fluctuations is de minimis.

Fees may be reduced or negotiated depending upon the size or circumstances of the account (e.g., multiple
related accounts with the firm).

Item 7 – Types of Clients

Euclid Investment Advisory may provide portfolio management services to individuals, corporate pension and
profit-sharing plans, Taft-Hartley funds, charitable institutions, foundations, endowments, municipalities,
registered mutual funds, private investment funds, trust programs, sovereign funds, foreign funds such as
UCITs and SICAVs, and other U.S. and international institutions. Euclid also provides investment management
services to other advisors on the TD Ameritrade, Charles Schwab and the Sawtooth TAMP platforms.