Forefront Analytics LLC

Item 5. Fees and Compensation
Forefront offers its services on a fee basis, which may include hourly and/or fixed fees, as well as fees
based upon assets under management or advisement or the performance of the client’s portfolio.

The amount, structure, and type of fees paid by a client may vary from the compensation terms outlined
below and may be negotiated. Clients may pay fees that are different from, more or less than the fees (or
types of fees) set forth in this Brochure, or more, or less than similar clients or clients invested in similar
strategies. We or our affiliates may waive or reduce management fees and/or carried interest allocations
for certain investors including, without limitation, our Supervised Persons.

Advisory Services Fees

Prior to engaging Forefront to provide investment advisory services, the client is required to enter into
an Agreement with Forefront setting forth the terms and conditions of the engagement, including the
scope of the services to be rendered and the portion of the fee due prior to the firm commencing
services. Any portion of the fee paid upfront is used to offset the expenses incurred by Forefront at the
onset of the advisory relationship.

For Forefront investment advisory clients, in addition to the standard asset-based management fee on
the overall portfolio, Forefront may also charge management and performance fees at the fund or SPV

level for its affiliated pooled investment vehicles. In some cases, assets in these funds are included in the
total assets under management for billing purposes.

You may terminate the investment management agreement upon written notice. You will incur a pro rata
charge for services rendered prior to the termination of the investment 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. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated
refund of those fees.

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. Additionally, you may incur additional fees and expenses charged by
the Independent Managers to whom you are invested. Refer to the Fees Charged by Financial Institutions
section below for more information. Due to lock-up periods imposed by certain private funds, affiliated
or otherwise, a client that terminates their relationship may not be able withdraw funds that are
invested in private funds that are still subject to the lock-up period, subject to the governing documents
of the private fund.

Unified Managed Account Platform

For MP Advisors who select Forefront from Unified Managed Accounts Platforms, the third-party
platform providers typically charge clients an annual fee that ranges from 10-20 basis points depending
on the investment strategy implemented, and an additional 10 basis points for certain clients that need
additional tax management services in relationship to their account. There are also certain minimum
quarterly fees that range from $12.50 to $62.50 for clients whose corresponding annual fees do not
reach these quarterly threshold levels. These fees are described in the various Managed Account
Agreements.

Separately Managed Accounts

Forefront’s annual fee for SMA asset management services varies between 0.49% to 1.50% depending
upon the market value of your assets under our management, the type and complexity of the asset
management services provided, as well as the level of administration requested either directly or
assumed by the client. Assets in each of your account(s) are included in the fee assessment unless
specifically identified in writing for exclusion.

The annual management fee will be charged quarterly, in advance and calculated based upon the market
value of the assets in your Account on the last day of the previous quarter as valued by the Custodian. If
the investment management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client.

You may terminate the investment management agreement upon written notice. You will incur a pro rata
charge for services rendered prior to the termination of the investment 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. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated
refund of those fees.

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. Additionally, you may incur additional fees and expenses charged by
the underlying funds to whom you are invested. Refer to the Fees Charged by Financial Institutions
section below for more information. Due to lock-up periods imposed by certain private funds, affiliated
or otherwise, a client that terminates their relationship may not be able withdraw funds that are
invested in private funds that are still in the lock-up period, subject to the governing documents of the
private fund.

Unified Managed Accounts and Other Model Relationships

Forefront provides investment advisory services for an annual fee of up to 150 basis points (1.50%)
which includes FFA’s portion of the fee and the MP Adviser’s fee of the assets under advisement. These
fees are largely determined by the composition and size of a client’s portfolio, and the scope of services
rendered. The frequency and way these asset-based fees are charged (e.g., monthly / quarterly, in
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Item 7. Types of Clients
Forefront provides investment advice to a various types of clients, including individuals, high net-worth
individuals, pooled investment vehicles, pension and profit-sharing plans, trusts, charitable
organizations, corporations and endowments, among others. The majority of these relationships are
discretionary. Forefront does have a limited number of non-discretionary and investment consultant
relationships.

Minimum Investment in Affiliated Pooled Investment Vehicles

Forefront generally imposes a minimum capital commitment for investments in their affiliated pooled
investment vehicles, which is discussed in greater detail in the relevant Offering Documents.

Minimum Separately Managed Account Requirements

Certain separately managed account strategies have a minimum initial account size of $50,000. At
Forefront’s sole discretion, an initial account size of less than the amount stated may be allowed. In
addition, certain Independent Managers may, however, impose more restrictive account requirements
and billing practices from the Firm. In these instances, Forefront may alter its corresponding account
requirements and/or billing practices to accommodate those of the Independent Managers.