Fifth Third Securities Inc

Fees and Compensation).
       C. Additional Fees and Expenses
           1) Fixed Income Markups & Markdowns
     As outlined in Item 5.A. – Investment Advisory Fees and Compensation, Summit accounts are subject to
     transaction-related charges (markups and markdowns) when FTS buys or sells fixed income securities in
     your Summit account.
            2) Other Fees
     FTS and the custodian for Summit accounts, NFS, assess additional costs and fees. These costs are not
     included in the investment advisory fees described above. These costs include but are not limited to the
     following: wire fee, overnight mailing fee, foreign security movement fee, and stop payment on check fee.
     Refer to the Investment Advisory Account Service Fee Schedule at the end of this Brochure.
                a) Mutual Fund and ETP Fees
     FTS does not charge a sales commission or load for investments in mutual funds or ETPs. However, a client
     that already owns certain securities that have contingent deferred sales charge (e.g., class B and C share
     mutual funds) will be subject to that fund company’s charges. Liquidation of these investments reduces the
     value the client will have to invest in Summit. Clients should carefully review the securities that will be used
     to fund a Summit account prior to choosing to establish a Summit account.
     In addition, each mutual fund and ETP have their own expenses, which are described in each mutual fund
     and ETP’s prospectus. These fees and expenses generally include a management fee, trading costs
     associated with the underlying securities of the fund, and other expenses, which can also include Rule 12b-1
     fees or similar fees for mutual funds. The fees and expenses of a mutual fund and ETP reduce the
     performance of the account and are embedded in the net return of the mutual fund or ETP. Therefore, the
     client should review both the total direct and indirect fees and expenses of mutual funds and ETPs. See 5.E. –
     Additional Compensation and Conflicts of Interest for additional information on how FTS handles Rule 12b-1
     fees in your Summit account.
                b) Mutual Fund Share Classes
     Some mutual funds have different share classes available, and these share classes have different expenses,
     including the internal expenses. FTS and our IARs will utilize the cheapest share class of mutual funds that is
     available to FTS and our IARs at the time of the purchase. However, some mutual funds have different share
     classes that are not available to FTS and our IARs, and these share classes of mutual funds can be cheaper
     than those purchased in the client’s Summit account.
     Summit accounts can be invested in alternative mutual funds which can have higher operating expenses
     compared to traditional mutual funds, and some alternative mutual funds are considerably more expensive.
       D. Prepayment of Fees
     FTS charges investment advisory fees to Summit clients quarterly in arrears; such fees are not paid in advance.

       E. Additional Compensation and Conflicts of Interest
07/08/2026                          Summit Managed Account Firm Brochure                             Page 13 of 36

            1) Mutual Fund Rule 12b-1 Fees
     Some investment companies (issuers of mutual funds) pay Rule 12b-1 fees to FTS for mutual funds held in a
     Summit account. When this occurs, FTS will accept these 12b-1 fees and then have these 12b-1 fees
     reimbursed directly to the client’s Summit account the following month the 12b-1 is credited to FTS. For
     clarity, if part or all of the 12b-1 fee is retained by NFS, the Investment company (mutual fund company), or
     any other party other than FTS, these 12b-1 fees are not credited back to the client’s Summit account since
     FTS did not receive these 12b-1 fees.
            2) Fixed Income Markups & Markdowns
     When fixed income products are purchased or sold in a Summit account, there will be a markup or
     markdown costs made by the dealers involved in those transactions, which can include NFS or an affiliated
     entity of NFS. These charges are not separately itemized but are embedded in the price of the security.
     FTS does not reduce the investment advisory fees that Summit accounts are charged to offset these
     markups and markdowns. The amounts of the markup/markdown vary based on factors including the type
     of security, maturity, credit quality, and trading volume, and are not separately disclosed on trade
     confirmations by FTS or NFS.
            3) Conflicts of Interest when Recommending Summit over other Investment Advisory Programs
     FTS pays fees to FIWA and/or Portfolio Managers (who are not IARs of FTS) in the Passageway Program.
     These fees range from 0.02% to 0.50% of the daily weighted average market value of the assets under
     management in Passageway accounts (excluding Advisor Directed Program accounts), of which 0.02%
     represents the fee that FIWA charges to FTS. When FTS pays these fees to FIWA and/or Portfolio Managers,
     it reduces the amount of compensation an IAR receives. As a result, an IAR has a conflict of interest in
     recommending Summit to a client versus other investment advisory programs under Passageway.

           Critically Important Conflict of Interest: FTS pays fees to FIWA and/or Portfolio Managers in
           other investment advisory programs in Passageway, which directly reduces the amount an IAR
           would receive in compensation. As a result, IARs have a financial incentive to recommend to a
           client a Summit account that will result in greater compensation to the IAR.

     In addition, FTS IARs must satisfy certain eligibility requirements to offer and provide investment advisory
     services through Compass. Accordingly, an IAR who does not meet the additional eligibility criteria
...

Item 7 – Types of Clients
    Summit is available to individuals, high net worth individuals, trusts, estates, foundations, charitable
    institutions, corporations, private pension plans, and other business entities or organizations with sufficient
    liquid assets to participate in Summit. Summit is not intended for government entities (federal, state, or
    municipal) or for public pension plans.
    Summit clients are required to promptly notify FTS in writing of any material changes to their information
    previously provided to FTS. Some examples include:
           • Investment objective
           • Risk tolerance
           • Net worth
           • Annual income
           • Investment time horizon
           • Address
    Failure by the client to provide FTS with current, accurate information could adversely affect FTS and our
    IARs’ ability to effectively manage the client’s assets within Summit.
    A Summit account requires a certain minimum dollar value of either cash or marketable securities that are
    acceptable to FTS before FTS approves an account. The Summit account minimum is $100,000.
    In addition, FTS and our IARs, or FIWA, at their discretion, can terminate a Summit account if the Summit
    account falls below the $100,000 account-opening minimum.