Grimaldi Portfolio Solutions Inc

Item 5 – Fees and Compensation

The specific way fees are charged by GPS is established in a client’s written agreement with GPS. GPS
will generally bill its fees on a quarterly basis in advance of each calendar quarter. Management fees
are prorated for each capital contribution made during the applicable calendar quarter. Accounts
initiated during a calendar quarter will be charged a prorated fee, and for accounts that are terminated,
the fee will be pro‐rated to the date of termination.

The annual fee for managing your portfolio is charged as a percentage of assets under management. The
adviser has several investment advisory agreements based on services provided. The annual investment
advisor fee is between .72% and 1.8% annually.

GPS will quote an exact percentage to you based on the nature and total dollar value of your account.
Discounts apply on group 401(k) pension plans.

Certain existing clients may be paying fees that are lower than those indicated on the above schedule.
Also, certain family members and personal acquaintances of GPS’s affiliated persons may receive
advisory services at a discounted rate that is not generally available to the public.

Fees are charged quarterly in advance based on the asset size of your account on the last day of the prior
calendar quarter. In some circumstances one‐year worth of fees may be deducted at the beginning of the
agreement. Services rendered prior to that date, but not yet billed, are charged according to the above
schedule based on our account balance for that period.

Fees are directly debited from your custodial account with your written consent generally acknowledged
in your Investment Advisory Agreement.

Your agreement may be canceled by either you or by GPS, at any time, for any reason. You have the right
to terminate your agreement without a penalty any time after entering into it.

GPS’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which will be incurred by you. You may incur certain charges imposed by custodians, brokers, third party
investment and other third parties such as fees charged by managers, custodial fees, deferred sales
charges, odd‐lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual funds and exchange‐traded funds also
charge internal management fees, or mutual fund distribution fees, which are disclosed in a fund’s
prospectus. Such charges, fees and commissions are exclusive of and in addition to GPS’s fee. GPS and its
supervised persons do not receive any portion of these commissions, fees, and costs, and do not receive
compensation from the sale of any securities or investment products.

GPS is the investment adviser for the Sector Rotation Fund (NAVFX). The Adviser will receive
compensation for such management duties. This compensation is in addition to the investment advisory
fee. NAVFX is a pure no-load fund and available on many national broker/dealer platforms free of charge
or directly from the fund at www.NCFunds.com. The Advisor’s CCO Reviews and approves the trade blotter
to ensure all trades are suitable for the client. The CCO has the authority to discuss all trades with the
portfolio manager. The president of the firm also initials trades prior to execution.

You could invest in a mutual fund directly, without the services of GPS. In that case, you would not receive
the services provided by GPS which are designed, among other things, to assist you in determining which
mutual fund or funds are most appropriate for your individual financial situation and investment
strategy.

GPS has set its rates to take into consideration these additional charges – if any. However, GPS
recommends that you review the fees charged by the funds, custodians and broker dealers and the fees
charged by GPS to fully understand the total amount of fees to be paid by you and to evaluate the advisory
services being provided.

Please refer to “Item 12 – Brokerage Practices” which further describes the factors that GPS considers in
selecting or recommending broker‐dealers for client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Item 7 – Types of Clients

GPS offers its advisory services to individuals, high net worth individuals, pension and profit‐sharing
plans, trusts, estates, charitable organizations and corporations or other business entities.

Participation in portfolio management services and/or financial planning consultations requires a
minimum portfolio size of $100,000. The minimum portfolio account size of $100,000 can be waived.
GPS may also waive the minimum size for charitable organizations. Additionally, certain related accounts
may be aggregated for the purpose of achieving the Minimum account size. “Item 5 – Fees &
Compensation” further describes factors that GPS considers when determining minimum account size.