IM Global Partner Fund Management LLC

Item 5 – Fees and Compensation

iMGP Funds – Advisor to Mutual Funds and ETFs

iMGPFM is the adviser to the iMGP Global Select Fund, iMGP International Fund, iMGP Low
Duration Income Fund (formerly the iMGP High Income Fund), iMGP Small Company Fund, iMGP
Dolan McEniry Core Plus Fund (formerly the iMGP Dolan McEniry Corporate Bond Fund), iMGP
DBI Managed Futures Strategy ETF, iMGP APA Enhanced Income Municipal Fund, iMGP
Berkshire Dividend Growth ETF, Polen Capital Global Growth ETF, Polen Capital China Growth
ETF, Polen Capital International Growth ETF and Polen Capital Emerging Markets ex-China
Growth ETF. The fees paid to iMGPFM by the IMGP Funds are described in the iMGP Funds’
prospectus. iMGPFM receives management fees from each iMGP Fund, payable monthly in
arrears, equal to a percentage of the total net asset value that the iMGP Fund has placed under
our management. We, and not the iMGP Funds we manage, are responsible for paying sub-
advisory fees to the investment managers, each of whom is compensated monthly on the basis
of the assets committed to the investment manager’s discretion.

In addition to our fees, with the exception of the six ETFs, the iMGP Funds pay other direct
operating expenses, including but not limited to custodian and fund accounting, transfer agency,
auditing and legal fees, administrative fees, the cost of printing and mailing shareholder reports,
chief compliance officer fees, trustee fees and brokerage commissions. See Item 12 of this
brochure for more information regarding Brokerage Practices. The ETFs each pay a Unitary
Investment Management Fee that covers ordinary operating expenses other than taxes,
brokerage commissions and other transactional expenses, accrued deferred tax liability, acquired
fund fees and expenses and extraordinary expenses and iMGPFM is responsible for the payment
of all other operating expenses of the ETFs. Please refer to the Prospectus of the ETFs for more
information.

iM Global Partner Portfolio Strategies - Services for Advisors and Broker-Dealers:

The clients of the Distributors pay advisory fees to those advisors who utilize our iM Global Partner
Portfolio Strategies through various TAMP organization platforms. The TAMP organizations, in
turn, pay iMGPFM monthly or quarterly fees (paid in arrears), equal to a percentage of the
aggregate market value of the client accounts using the iM Global Partner Portfolio Strategies.
The annual fees are set by the TAMP organizers and vary, but typically range from 0.00% to
0.15% of the total market value.

Certain TAMP organizations offer their platform to investment advisors and broker-dealers, who
in turn offer our iM Global Partner Portfolio Strategies to their investment advisory or brokerage
clients. These TAMP organizations offer services to the investment advisors and broker-dealers
including access to the iMGP Funds. iMGPFM pays the TAMPs model maintenance fees and
model installation fees and platform fees. Model maintenance fees and model installation fees
can be up to $7,200 per model per year. Platform fees can be up to five basis points (5 bps) of
the assets under management annually per model.

AdvisorIntelligence

The subscribers to AdvisorIntelligence pay iMGPFM an annual subscription fee, in advance, for
access to AdvisorIntelligence. Such access is automatically renewed on an annual basis and
the subscriber is automatically charged (using the payment information provided by the
subscriber) upon commencement of the renewal term unless access is terminated prior to the
renewal date pursuant to the subscription agreement.

The subscription fees are generally not negotiable, provided that, iMGPFM may waive or reduce
all or part of the subscription fee for any subscriber, including for large or strategic relationships,
based on their investment in the iMGP Funds. In the event a subscriber’s access is terminated,
iMGPFM refunds a pro rata portion of the subscription fee to the subscriber based on the number
of days remaining in the fee period.

iMGPFM does not charge subscribers any fees or expenses except for the subscription fee.
iMGPFM does not have discretion over the subscriber’s assets and subscribers are responsible
for all fees and expenses, commissions and other transaction charges and any arrangements and
charges of any kind including, without limitation, those relating to brokerage, banking, custodial
or other financial services relating to any investment recommendation on AdvisorIntelligence.
These fees, expenses and charges are independent and separate from the subscription fees
charged by iMGPFM.

Item 7 – Types of Clients

We offer investment management services to the iMGP Funds, Distributors through iM Global
Partner Portfolio Strategies and to subscribers to AdvisorIntelligence. The Subscribers consist of
financial professionals.

Each iMGP Fund that we manage establishes the minimum investment for its shareholders. We
do not have a minimum account size for our iM Global Partner Portfolio Strategies clients.