Fielder Capital Group LLC

Item 5. Fees and Compensation
Fielder offers services on a fee basis, which can include fees based upon assets under management, fixed
fees, or a combination of both types of fees.

Investment Advisory Fees

Fielder’s standard investment advisory fee is based on the amount of gross assets under the Firm’s
management. This fee is generally inclusive of all investment management, investment counseling, and
certain family office services. Fielder’s standard investment advisory fee varies, depending upon the size
of a client’s portfolio, in accordance with the following blended fee schedule.

                                 ASSETS UNDER
                                                          ANNUALIZED FEE
                                 MANAGEMENT

                                   First $5 million              0.77%

                                  Next $5 million                0.59%

                                  Over $10 million               0.49%

This is a blended fee schedule, meaning that the assets in a client’s account will be billed at different levels
according to the fee schedule above. The cumulative fee percentage for client’s account will be a blended
rate based on the fee percentages applied to each asset tier.

Some existing clients of Fielder may be subject to legacy fee schedules that are different than the fee
schedule shown above. Some legacy accounts below our current account minimum pay us higher fee rates.

For qualified plans, such as a 401(k), in which the client is a participant, Fielder charges an annualized fee
of 0.49%, regardless of the level of assets.

Fielder calculates and charges the annual fee quarterly in advance, based upon the market value of the gross
assets being managed by Fielder on the last trading day of the previous billing period as provided by Orion,
our third-party technology platform provider, unless Fielder otherwise agrees in writing. Alternative
investments will be valued for billing purposes by Fielder in good faith using the most recently received
valuations from the investment sponsor. Alternative investment valuation may be delayed. As a result, the
actual value of such assets may be higher or lower than the most recent sponsor-provided value.

Cash and accrued interest are included in the market value for billing purposes. The aggregate value of the
managed account shall be determined based on such asset statements as provided by Orion or by any
investment vehicle utilized in the account. As such, a client may see slight differences in the quarter-end
market value of the client’s account from the custodian’s statement as compared to the market value of the
account from Orion. This is due to differences in the treatment of accrued interest posting, trade date versus
settlement date, and other variables. As such, the client’s quarterly fee may be more or less than if the
aggregate net value of the managed account was based on the statements provided by the qualified
custodian. Fielder Capital does not adjust the quarterly fee for such variances. Margin loans will result in
clients paying a higher fee since Fielder calculates the management fees based on the gross assets in the
account rather than net of any margin loan balance.

If a client initiates or terminates a managed account during a calendar quarter, Fielder will charge a prorated
fee. Upon termination of any account, Fielder will promptly refund any prepaid, unearned fees. Any earned,
unpaid fees will be due and payable. If assets are deposited into or withdrawn from an account after the
inception of a quarter that exceed ten percent (10%) of the portfolio value as of market close of the day
prior to the transaction, the fee payable with respect to such assets is prorated based on the number of days
remaining in the quarter.

Alternatively, in lieu of an asset-based fee, Fielder may charge a flat annual fixed fee, or in some cases, a
combination of the two types of fees, which is disclosed in the client’s Investment Management Agreement.
The annual fixed fee starts at a range of $25,000 to $180,000, but may be greater based upon certain criteria,
such as the scope, duration, and nature of the engagement, as well as the experience and seniority of the
financial professional(s) staffed for the engagement. Fielder may also take into consideration the client’s
anticipated future earning capacity, the current and anticipated future dollar amount of assets to be managed,
pre-existing/legacy client relationship, related accounts, account composition, and account retention.

For specialized engagements, Fielder can negotiate a different fee arrangement that does not utilize the
above-referenced blended fee schedule. Fees resulting from such arrangements can be lower than fees
outlined in the above-referenced fee schedule. Employees of Fielder receive our investment management
advisory services at no charge.

Assets Under Administration Fees

Fielder offers reporting and administrative services for clients outside private funds and other non-managed
assets (Assets Under Administration). These investments are separate and distinct from Assets Under
Management, which Fielder actively manages.

Fielder’s standard Assets Under Administration fee is based on the market value of Assets Under
Administration with Fielder. This fee is generally inclusive of all administration services provided to the
client and may vary, depending upon the size of a client’s portfolio and in accordance with the following
blended fee schedule:

                               ASSETS UNDER
                                                         ANNUALIZED FEE
                              ADMINISTRATION

                                  First $10 million               0.18%

                                  Over $10 million              Negotiable

Fielder calculates and charges the annual fee quarterly in advance, based upon the assets being advised on
...

Item 7. Types of Clients
Fielder offers services to individuals, investment management firms, hedge funds, pension and profit-
sharing plans, trusts, estates, charitable organizations, corporations, and business entities.

Minimum Account Value

As a condition for starting and maintaining an investment advisory relationship, Fielder imposes a minimum
portfolio value of $5,000,000. Fielder may, in its sole discretion, accept clients with smaller portfolios based
upon certain criteria, including anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related/legacy accounts, account composition, pre-existing client
and account retention. Fielder only accepts clients with less than the minimum portfolio size if the Firm
determines the smaller portfolio size will not cause a substantial increase of investment risk beyond the
client’s identified risk tolerance. Fielder may aggregate the portfolios of family members to meet the
minimum portfolio size.