Gentrust LLC

Item 5          Fees and Compensation

GenTrust provides services to clients and financial intermediaries on a fee basis, which may
consist of fixed fees, fees calculated as a percentage of assets under management, and/or fees
based on portfolio performance.

         Investment Management Fees

GenTrust provides investment management services for an annual fee, billed quarterly in advance
on a pro-rata basis. GenTrust clients are charged a base fee, a fixed fee, or a combination of a base
and a performance fee, as indicated in the GenTrust Client Agreement. GenTrust’s annual fees do
not include brokerage commissions, transaction fees, and other related costs and expenses that may
be incurred by a client.

GenTrust’s investment advisory fee is agreed upon individually with each client, Financial
Intermediaries and Financial Intermediary Clients. In general, GenTrust’s annual base fee (“base
fee”) is prorated and charged quarterly in advance, based on the market value of the assets
(including cash balances) managed by GenTrust on the last day of the previous quarter. Account

values are determined by the client’s custodian or other independent third-party sources. The
annual base fee varies (up to 1.50%) depending upon the market value of the assets under
management and the type of investment management services to be rendered. The Base Fee in
the first quarter of any new account shall be prorated from the inception date to the end of the
first quarter. After this initial period, no adjustment to the quarterly Base Fee will be made for
any contributions or withdrawals of assets in the account[s] during each quarter. To the extent
clients invest in products managed by GenTrust or its affiliates, the base fee may be waived for
those assets. Assets are initially designated to GenTrust for management under the GenTrust
Client Agreement. Accounts maintained solely for operating, bill payment, or other
administrative purposes are not designated for investment management and are not subject to
GenTrust’s investment advisory fees.

Fees from Financial Intermediary Clients are paid to GenTrust under the terms of each Financial
Intermediary Client’s investment management agreement. The Financial Intermediaries may have
different billing practices than GenTrust. Such billing practices are disclosed in the Financial
Intermediaries’ Disclosure Document. As appropriate and practicable, GenTrust may alter its
billing practices to accommodate the Independent Managers' billing practices. Upon termination
of an account, any investment management fees paid in advance will be refunded on a pro-rata
basis based on the number of days remaining in the billing period.

        Performance Fees

GenTrust may charge a performance-based fee to Qualified Clients as defined in Rule 205-3 of
the Investment Advisers Act of 1940. For clients with performance fee arrangements, GenTrust
charges a fee based on a percentage of the market value of the assets it manages, in addition to a
fee based on the account's performance (“performance fee”).

GenTrust may charge a performance fee of up to thirty-five percent (35%) of the net profits in
certain accounts, as outlined in the client’s investment management agreement. GenTrust’s
performance fee is charged annually, in arrears, based on the net gains of the client’s portfolio at
the end of the calendar period (fiscal year-end) or as otherwise outlined in the client’s investment
management agreement with GenTrust.

GenTrust, in its sole discretion, may charge a lesser management or performance fee based upon
certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, pre-existing client,
account retention, etc.).

Performance-based fees may lead to increased payments to GenTrust and may encourage
GenTrust to pursue investments with higher risks or speculative characteristics compared to
those undertaken absent such compensation. GenTrust addresses this potential conflict by

providing full disclosure, enabling clients to make informed decisions, and by implementing
policies and procedures that require it to act in the best interests of its clients.

  Performance Based Incentive Compensation

One of the Firm’s principals receives incentive-based compensation paid by that is tied, in part,
to the performance of fixed income investments within client portfolios managed by the Firm.
This compensation is based on the aggregate relative performance (“alpha”) of fixed income
assets across multiple client accounts, rather than the performance of any individual client
account. In addition, this principal may also receive a portion of the performance -based fees
earned by the Firm in connection with certain client accounts that are subject to performance -fee
arrangements for fixed -income investments. Such arrangements may lead to conflicts of interest
by incentivizing preferences for fixed-income allocations, performance-fee accounts, or
investment decisions aimed at enhancing measured performance or alpha—including through the
assumption of additional risk to obtain economic benefit—rather than adhering strictly to each
client's unique investment objectives and risk tolerance.

The Firm seeks to mitigate these conflicts through disclosure, and through its fiduciary duty and
policies and procedures that require all GenTrust staff to act as fiduciaries and in the best
interests of the clients. Additionally, the strategies are overseen by the Chief Investment Officer
and Investment Committee that is designed to promote fair and equitable treatment of clients,
including oversight of asset allocation and portfolio construction, risk management practices, and
ongoing compliance supervision.

       Financial Planning, Reporting, and Consulting Services Fees

To the extent not included as part of the firm’s investment management services, GenTrust may
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Item 7          Types of Clients

GenTrust provides its services to individuals, banks or thrift institutions, trusts, estates, charitable
organizations, corporations, pooled investment vehicles, and other business entities, including
other registered investment advisers.

GenTrust generally requires clients to have a minimum account size of $10 million. However,
GenTrust may waive this requirement at its discretion. Family members' accounts may be
aggregated to meet the minimum portfolio size. In addition, the minimum requirement will be
waived for employees or employee-related accounts.

Certain Independent Managers may impose more restrictive account requirements than GenTrust.
In such instances, GenTrust may adjust its account requirements to align with those of the
Independent Managers.