Johnson Dunn Capital Advisors Inc

Item 5 Fees and Compensation

Asset Management Fees
Pursuant to an investment advisory contract signed by each client, the client will pay Johnson
Dunn an annual management fee, payable quarterly in advance, based on the market value of
portfolio assets of the account managed by the Advisor as of the opening of business on the first
business day of each quarter. New account fees will be prorated from the inception of the account
to the end of the first quarter.

Management fees range up to 1.00% per annum depending on the type and complexity of the
investment management strategy employed as well as the size of the account or overall client
relationship. Management fees may be reduced or waived for directors, officers, and employees of
Johnson Dunn at the discretion of management. These fees are negotiable at the sole discretion of
the Advisor. The client will give written authorization permitting the Advisor to be paid directly
from their account held by the custodian. The custodian will send a statement at least quarterly to
the client and the Advisor will also send an invoice to the client outlining the fee calculation and
time period covered, and the amount withdrawn from the client account at the same time the fee
deduction invoice is sent to the qualified custodian.

Model Portfolios Fees
Johnson Dunn enters into agreements with other registered investment advisors who subscribe to
Johnson Dunn’s model portfolio service. The fees will range up to 1.00% per annum based on the
market value of the other advisor’s client assets invested in the model. The fee will vary depending
on the complexity of the underlying investment strategy of the model, and is negotiable at the
discretion of Johnson Dunn. The fee will be payable either monthly or quarterly, in advance or in
arrears, as agreed with each advisor. Johnson Dunn will invoice the other advisors based on the
agreed upon billing frequency.

All fees paid to Johnson Dunn for investment advisory services are separate and distinct from the
expenses charged by mutual funds to their shareholders. These fees and expenses are described in
each fund’s prospectus. These fees will generally include a management fee and other fund
expenses.

At no time will Johnson Dunn accept or maintain custody of a client’s funds or securities except
for authorized fee deduction. Client is responsible for all custodial and securities execution fees
charged by the custodian and executing broker-dealer. The Advisor’s fee is separate and distinct
from the custodian and execution fees.

Johnson Dunn’s management fee is payable in advance. Upon termination, any fees paid in
advance will be prorated to the date of termination and any unearned fees will be refunded to client.

Where acting in the capacity of an insurance agent, investment advisor representatives (IARs) of
Johnson Dunn may as agent effect insurance transactions for typical and customary compensation.
This practice presents a conflict of interest by creating an incentive to recommend investment
products based on the compensation received, rather than on a client’s needs. Clients of Johnson
Dunn are not required to utilize the IARs in their capacity as registered representatives of the

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broker-dealer or in their capacity as insurance agents for the purchase of investment products.
Johnson Dunn has established a Code of Ethics to address conflicts of interest. See the response
to Item 11 below for more information on the Code of Ethics. A client may be able to invest in
products recommended by the firm directly, without the services of Johnson Dunn. In that case,
the client would not receive the services provided by Johnson Dunn which are designed, among
other things, to assist the client in determining which products or services are most appropriate to
each client’s financial condition and objectives. Clients should be aware that commissions from
the sale of insurance products does not represent 50% or more of the revenues received by Johnson
Dunn. Johnson Dunn does not charge advisory fees on client assets invested in commission-based
insurance products.

Item 7 Types of Clients

The Advisor will offer its services to individuals, trusts, estates, charitable organizations, other
investment advisors, corporations and other business entities.

The Advisor’s cumulative minimum account requirement for opening and maintaining an account
is $1 million. However, the Advisor may, at its sole discretion, accept accounts with a lower value.