Good Harbor Financial LLC

Item 5. Fees and Compensation
Fee Billing
Advisory fees are negotiable. Fees for investment management services are typically billed quarterly (in
arrears or advance, as negotiated) based on the asset value of the portfolio as reflected in the electronic
data transmitted by each custodian. These fees will be assessed pro rata in the event the investment
advisory agreement is executed at any time other than the first day of a billing period. If an investment
advisory agreement is terminated prior to a quarter-end, any unearned fees will be refunded to the client.

Good Harbor will send an invoice for the payment of the advisory fee, or, when given written authority,
the Firm will deduct the fee directly from an account through the qualified custodian holding the funds
and securities. The qualified custodian will deliver an account statement to the client at least quarterly.

Good Harbor encourages clients to review the statement(s) received from the qualified custodian. If
information within the statement(s) received from the qualified custodian is inaccurate, please call the
number located on the cover page of this Brochure.

Advisory fees payable to the Firm do not include all fees a client will pay when the Firm purchases or
sells securities for their accounts. These fees or expenses are paid directly by the client to third parties,
whether a security is being purchased, sold, or held in a client account. The fees are paid to broker-
dealers, custodians, or the mutual fund or other investment held by the client. The fees may include but
are not limited to the following:

            •   Transaction fees,
            •   Exchange fees,
            •   Custodial fees
            •   Brokerage commissions,
            •   SEC fees,
            •   Deferred sales charges,
            •   Transfer taxes,
            •   Wire transfer and electronic fund processing fees, and
            •   Commissions or mark-ups/mark-downs on security transactions.

For certain of its strategies, Good Harbor seeks to achieve its investment objectives by purchasing
exchange-traded funds (“ETFs”), which have embedded expenses. As a shareholder, clients bear these
expenses through the net asset value of the ETF. Clients should consult the funds’ prospectuses for a
complete description of all fees and expenses.

Fee Schedule

Separately Managed Accounts
The basic fee schedule for direct separate account clients is detailed below:

               Client’s Aggregate Assets                                  Annual Fee
     $0.1 – $1 million                                   1.0% - 1.5% of assets
     $1 – $25 million                                    1.0% of assets
     $25 – $50 million                                   0.90% of assets
     $50 – $75 million                                   0.80% of assets
     $75 – $100 million                                  0.70% of assets
     Amount over $100 million                            0.60% of assets

Registered Funds
The fees for the Registered Funds can be found in the respective Registered Fund’s prospectus. These
documents are available online at www.ghf-funds.com.

Good Harbor's fees are negotiable. Some clients pay more or less than others depending on certain
factors, including, but not limited to, the type and size of the account and the agreement between the Firm
and the Financial Intermediary.

Item 7. Types of Clients
Good Harbor offers investment advisory services to individuals, pension and profit-sharing plans,
investment companies, state or municipal government entities, insurance companies, charitable
organizations, registered investment companies, corporations and other business entities, model portfolio
providers and Financial Intermediaries.

In general, Good Harbor requires a minimum account size of $100,000 for direct separate account clients.
Account minimums may be waived at the discretion of the Firm. The Firm has the right to terminate an
account if it falls below a minimum size which, in the Firm’s sole opinion, is too small to effectively
manage.

Details of minimum investment requirements for the Registered Funds can be found in the respective
prospectus.