Gamma Investing LLC

Item 5 Fees and Compensation
Investment Management Services
Our annual fee for investment management services varies up to 0.50%, and not to exceed 0.50%, of
the end client's account value. We may negotiate lower fees depending on the nature of the strategy,
account size, and overall relationship. For sub-advisory arrangements, our fees are negotiated with the
Primary Investment Adviser of the end client, not with the end client. We reserve the right to negotiate
fees that may be more or less advantageous than those charged to other clients for similar services.

Our annual investment management fee is billed and payable, quarterly in advance or arrears as
outlined in the sub-advisory agreement, based on the balance at end of billing period. All of the
foregoing terms are agreed to in the sub-advisory agreement. We will deduct our fee directly from the
end client's account through the qualified custodian holding their funds and securities.

Additional Fees and Expenses
As part of our investment management services to you, we may invest, or recommend that you invest,
in exchange traded funds. The fees that you pay to our firm for investment management services are
separate and distinct from the fees and expenses charged by 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 as well custodial fees, fund transfer fees, taxes and other related costs and
expenses. 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 exchange traded funds, our firm, and others.
For information on our brokerage practices, refer to the Brokerage Practices section of this brochure.

Compensation for Sales of Securities
We do not buy or sell securities to earn commissions and do not receive any compensation for
securities transactions, including asset-based sales charges or service fees from the sale of mutual
funds, in any client account, other than the investment advisory fees noted above.

Item 7 Types of Clients
We offer investment sub-advisory services to wealth management intermediaries and registered
investment advisors who servehigh net worth individuals, family offices, small endowments and
foundations and other types of clients.

In general, we require a minimum dollar amount of $250,000 to open and maintain an SMA; however,
we reserve the right to grant exception to an account under $250,000 or terminate an account if it falls
below a minimum size.