Fairfield Bush & Co

Item 5 Fees and Compensation
Assets Under Management                                          Annual Fee
Market value up to $5,000,000                                      1.00%
Market value between $5,000,000 and $9,999,999                     0.75%
Market value above $10,000,000                                     0.50%

The minimum annual fee an account will pay is $5,000.00 for accounts that are below $500,000. We
aggregate all accounts for clients with the same or substantially the same beneficial owners to determine
the corresponding rate described in the above fee schedule. Also, where there are large holdings of low-
cost stock or of fixed income investments in an individual's account, a lower fee may be negotiated.

Currently, our portfolio management fee is billed and payable quarterly in advance based on the market
value of your account as of the last day of the previous quarter. We will send you an invoice for the
payment of our advisory fee, or we will deduct our fee directly from your account through the qualified
custodian holding your funds and securities. We will deduct our advisory fee only when you have given
our firm written authorization permitting the fees to be paid directly from your account. Further, the
qualified custodian will deliver an account statement to you at least quarterly. These account statements
will show all disbursements from your account. You should review all statements for accuracy. We will
also receive a duplicate copy of your account statements.

You may terminate the portfolio management agreement at any time. You will incur a pro-rata charge for
services rendered prior to the termination of the portfolio management agreement, which means you will
incur advisory fees only in proportion to the number of days in the quarter for which you are a client. We
encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian.
If you find any inconsistent information between our invoice and the statement(s) you receive from the
qualified custodian, please call our main office number located on the cover page of this brochure.

Certain clients of FBC, who were clients of J. Bush & Co. previously, have fee discounts due to previous
investment contracts. These pre-existing fee arrangements are grandfathered at FBC and apply to
accounts for their immediate family members. Billing for these clients is quarterly in arrears.

Other Fees
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange-traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct, and in addition to, fees or expenses charged by mutual funds or
exchange- traded funds (described in each fund's prospectus) to their shareholders. These fees will
generally include a management fee and other fund expenses. You will also incur transaction charges
and/or brokerage fees when purchasing or selling securities. These charges and fees are typically imposed
by the broker-dealer or custodian through whom your account transactions are executed.

We do not share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer
or custodian. To fully understand the total cost you will incur, you should review all the fees charged by

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mutual funds, exchange-traded funds, our firm, and others. For information on our brokerage practices,
please refer to the Brokerage Practices section of this brochure.

We may, with your consent, use margin in your account. The use of margin permits us to meet your short-
term cash needs while keeping your securities portfolio diversified and deferring taxable gains in your
account. Margin is a loan from the custodian to you, secured by the assets in your account, and the
custodian will deduct a periodic interest charge from your account on the loan balance. We currently
charge investment advisory fees on the net value of the account, after deducting margin. Effective
October 1, 2023, we will charge investment advisory fees on the gross value of the account, without
deducting margin. The use of margin tends to improve results in an up market and to depress results in a
down market. In addition to paying advisory or investment management fees, you will also incur other
fees and expenses such as custodial fees, brokerage commissions and related transaction costs.

Please see Item 12. Brokerage Practices for further information.

Item 7 Types of Clients
FBC provides services to high-net-worth individuals, corporations, investment companies, profit sharing
plans, Keogh plans, charitable institutions, and other business entities.

In general, we require a minimum of $500,000.00 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum if you
appear to have significant potential for increasing your assets under our management. We may also
combine account values for you and your minor children, joint accounts with your spouse, and other types
of related accounts to meet the stated minimum. We charge a minimum annual fee of $5,000.00 when a
minimum account size waiver results in an account below $500,000.00.

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