Harmont Fixed Income LLC

Item 5. Fees and Compensation

A. Fee Schedule

Harmont Fixed Income charges a fee for its portfolio management services using the value of the
account as of the last business day of the billing period, after taking into account deposits and
withdrawals, for purposes of determining the market value of the assets upon which the fee is based.

When Harmont Fixed Income acts as a sub-advisor to unaffiliated third-party advisers, the notice of
termination requirement and payment of fees for sub-advisory services will depend on the specific
third-party investment adviser engaging Harmont Fixed Income as sub-advisor. This relationship will
be memorialized in each contract between Harmont Fixed Income and each third-party adviser.

Clients of unaffiliated third-party Advisors pay sub advisory fees of up to 0.30% annually. These fees
are generally negotiable, and the final fee schedule will be memorialized in each contract between
Harmont Fixed Income and each third-party adviser. In some cases, a fixed fee may be negotiated.
Lower fees for comparable services may be available from other sources.

B. Payment of Fees

The Sub-advisor fees for clients of an unaffiliated Advisors’ may be withdrawn from clients’ accounts
by the unaffiliated Adviser or clients may be invoiced for such fees, as disclosed in each contract
between Harmont Fixed Income and the applicable unaffiliated third- party adviser.

C. Client Responsibility for Third-Party Fees

Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees,
mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and
expenses charged by Harmont Fixed Income. Please see Item 12 of this brochure regarding broker-
dealer/custodian.

D. Prepayment of Fees

Harmont Fixed Income collects its fees in arrears. It does not collect fees in advance.

E. Outside Compensation for the Sale of Securities to Clients

Neither Harmont Fixed Income nor its supervised persons accept any compensation for the sale of
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

Item 7. Types of Clients

Harmont Fixed Income generally provides advisory services to the following types of clients:

    •      Other Investment Advisers

There is no account minimum for any of Harmont Fixed Income’s services.