Fischer Investment Group Inc

ITEM 5 - FEES AND COMPENSATION
Management fees are billed quarterly, in advance, in an amount determined by applying the
annual rate to the portfolio market value on the last business day prior to the quarterly
billing period. The client may choose to be billed directly for our services or to have the fee
deducted directly from their account. Under certain circumstances, fees may be negotiable.
Fees may be waived for Fischer Investment Group employees, their families, and other
unique situations. Under certain circumstances, Fischer Investment Group may receive fees
on a monthly basis.

The client may terminate the agreement at any time by written notice to the firm or
withdrawing the limited trading authorization with the custodian. A prorated fee is
refunded to the client or payable to the custodial account accordingly. Fischer Investment
Group, Inc. can terminate the agreement at any time by so advising the client.

Noted below is the standard fee schedule for Fischer Investment Group, Inc., expressed in
annualized terms:

Fee Schedule:
1.00% on the first $2,000,000
0.75% on the next $3,000,000
0.50% over $5,000,000

Fischer Investment Group, Inc. does not have a minimum annual fee or minimum account
size. Unless a client pays directly, the quarterly management fee is reflected on the
custodian statement.

Below is an example of how we calculate a quarterly fee:
1,000,000 x 1.00% ÷ 4 = $2,500
Total Quarterly Fee: $2,500

Fischer Investment Group’s fee schedule does not include any brokerage fees, fund
expenses, or transaction costs that the client may incur through investing. Please see ITEM

ITEM 7 - TYPES OF CLIENTS
Our clients are individuals, corporations, non-profit organizations, retirement plans,
endowments, trusts, registered investment advisors and broker-dealers. Individual
subscribers through an outside Signals subscription platform are not considered clients of
the firm.

Form ADV: Part 2, Page 6
Fischer Investment Group, Inc.
Dated: January 20, 2026

ITEM 8 - METHODS OF AN ANALYSIS, INVESTMENT STRATEGIES & RISK
OF LOSS
Equity Securities:
Fischer Investment Group, Inc.’s equity investment philosophy is geared toward
identifying and investing in equities that we believe will generate above market returns
with below market risks. Our strategy is to:
     Focus on all sized capitalized companies with strong financial characteristics;
     Purchase shares when prices represent excellent value;
     Place emphasis not only on upside potential, but also protecting downside risk;
     Companies that are listed on the major exchanges, including American Depository
        Receipts (ADR).

Our investment process utilizes proprietary methods in conjunction with a detailed research
process to select the companies to invest in for our equity portfolios. We rely on our Chief
Investment Officer to scrutinize market segments and present the most attractive
opportunities to our Investment Committee, who makes the ultimate investment decisions.
The Investment Committee also reviews client portfolio allocations among market sectors
given the current business cycle. The process ends with the identification of approximately
25 equity securities that we call our All Cap Equity portfolio. At the request of the client,
we can tailor a portfolio to emphasize equities with higher dividend yield or equities that
are more aggressive growth oriented than our All Cap Equity portfolio.

After holdings are purchased, we monitor the stocks to determine if they still meet the
investment criteria.
    We may sell stocks when:
           o Better alternative opportunities are identified;
           o Stocks becomes overpriced;
           o Stock weighting becomes excessive; and
           o Company or sector fundamentals begin to deteriorate.

Risks of Investing in Equity Securities
Our analysis of both the earnings potential and the relative valuation of a company can be
wrong, resulting in a significant loss of principal. The value of any equity security can go
down significantly due to a financial crisis in the company, industry of the security, or U.S.
or global economy.

Past performance is not a guarantee of future returns. Investing in equity securities involves
a risk of loss that you, as a client, should be prepared to bear.

Form ADV: Part 2, Page 7
Fischer Investment Group, Inc.
Dated: January 20, 2026

Fixed Income Securities:
Fischer Investment Group, Inc.’s objective is achieving returns that are above the market
average while holding volatility at or below that of the market over an interest rate cycle.
Although we believe that accurately forecasting interest rates is very difficult, we recognize
that there are broad, recurring trends which are identifiable and which closely follow the
economic cycle. Portfolio maturity and duration (risk) are monitored and adjusted to reflect
the appropriate stage of the business cycle. Our strategy seeks to have the most exposure to
the bond market in terms of maturity and duration when rates are high on a cyclical basis
and when a recession is either imminent or underway. Likewise, portfolio maturity and
duration are reduced in the expansion phase when rates are most likely to rise. The range of
portfolio maturities and duration is flexible, varying with the relative value of the bond
market and with specific needs and risk tolerances of our clients.

Managing income is an important ingredient in our fixed income philosophy. While
movements in bond prices are important in the short run, income is the major component of
return in the long term. Our strategy strives to construct and maintain portfolios with yields
in excess of the market. This enables our clients to maximize the benefits from
compounding of interest. In addition, the higher yields serve to cushion the impact of price
declines in periods of rising interest rates. Our strategy implies an overweighting in non-
government fixed- income securities and requires that all segments of the capital markets
be monitored in order to capitalize on yield differentials that develop because of market
inefficiencies.

Credit quality is a necessary consideration in our fixed income decision-making process.
While most managers consider bonds as investments, in truth they are loans for fixed
periods of time at fixed rates of interest. No sound lending institution should provide loans
without making informed judgments concerning the credit worthiness of the borrower and
the appropriate rate of interest to charge.

In addition, we believe that there is no reasonable rate of interest that will compensate for
the loss of principal through default. As a result, we focus the majority of our credit
attention on investment grade securities. This provides greater security against credit risks
and enhances market liquidity. As with any investment strategy, there is a risk of loss that
clients should be prepared to bear.

Form ADV: Part 2, Page 8
Fischer Investment Group, Inc.
Dated: January 20, 2026

Risks of Investing in Fixed Income Securities:
Each investor in the fixed income market should be aware that the issuer of the bond may
default and not be able to pay back the principal amount invested, as well as the
outstanding interest owed. Issuers of bonds may be impacted by economic difficulties
resulting in decreased revenues that would have been used to pay back the bond.
Additionally, the bond market can be illiquid and there may not be any investor interest in
the bond your account holds; therefore, the price of your investment may decrease and we
may not be able to sell it.
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