Genter Advisors LLC

Fees and Compensation

Description
Fees are payable quarterly in advance at the beginning of each quarterly management period. Fees will
be based on the total market value of the account, less any unsupervised assets. A nonrecurring, non-
refundable one time set up fee of $250 is payable in advance. The fee schedule for all of Genter
Advisor’s products is as follows:

  Accounts under $3 million                  Fee
  First $500,000                             1.50%
  Next $500,000                              1.25%
  Next $2,000,000                            1.00%

  Accounts over $3 million                   Fee
  First $5,000,000                           1.00%
  Over $5,000,000                            0.75%

Fees may be discounted or negotiated at Genter Advisors discretion. As an example, consideration may
be given, in some circumstances, to the combination or related accounts for the purpose of meeting fee
break points as well as fee reductions for accounts that are represented by independent professional
business managers. Genter Advisors occasionally accepts smaller accounts at its discretion but may
require a minimum fee on such accounts. Smaller accounts are more difficult to diversify and often do
not have the same number of securities as larger accounts in the same strategies. In addition, the fees
as a percentage of assets under management will be higher than other clients. Genter Advisors has
certain older existing client relationships pursuant to prior fee schedules that are no longer in effect.
Thus, fees being charged to existing clients may be different than the fees set out in the current fee
schedule.

A client may terminate Genter Advisors with a 30-day written notice. At the end of the 30-day notice
period any unearned fees will be returned to the client.

Direct Debit of Fees
enter Advisors has the ability to directly debit fees from client accounts. Currently, the investment
management agreement stipulates the direct debit of fees from the client accounts. Clients have the
option to have their fees billed separately, by making prior arrangement with Genter Advisors.

Other Fees
Genter Advisors may invest client assets in mutual funds and exchange traded funds (including funds
managed by its affiliate, Genter Capital Management), if such investments are consistent with the
investment objectives and policies of the client accounts involved. If Genter Advisors makes such an
investment on behalf of its clients, those clients will be responsible, indirectly as investors in the pooled
investment vehicles, for a portion of the operating expenses of the pooled investment vehicles in which
they are invested, in addition to the advisor fees those clients pay directly to Genter Advisors. In effect,
those clients would be paying multiple advisor fees. If the mutual fund in which a client is invested is
also advised by Genter Capital Management, and/or Genter Capital Management receives an asset-
based fee for providing certain shareholder services, then the multiple fees will inure to the benefit of
Genter Advisors and its affiliate.

Clients may be charged fees in addition to the advisory fee paid Genter Advisors. This can include
brokerage commissions and other custodian fees. Please refer to the section entitled Brokerage Practices
for more information.

Types of Clients

Description
Genter Advisors LLC provides investment supervisory services to different types of clients, including,
individuals, high net worth individuals, pension and profit-sharing plans, corporations, and other
business entities.

Account Minimums
Genter Advisors suggests a minimum dollar value of $50,000 for starting and maintaining an account.
Exceptions to this minimum account size may be made at Genter Advisors’ discretion on a case-by-case
basis, in which case a minimum fee of $500 may apply.

Methods of Analysis, Investment Strategies and
Risk of Loss