LCG Associates Inc

Item 5 Fees and Compensation
       Description

              Fees for OCIO services are generally charged as a percentage of assets under
              advisement. Generally, the fee for an OCIO client is set forth below:

                            •    0.25% on the first $100 million
                            •    0.10% on the next $200 million
                            •    0.05% thereafter

              The OCIO retainer includes as many meetings as needed at no additional charge.
              LCG does not charge clients for out-of-pocket expenses, travel, report production,
              and shipping.

              Fees may be specifically negotiated based on a variety of factors related to the
              requirements of servicing the client. LCG may have a higher fee schedule for clients
              having a large percentage of their portfolio in alternative investments. Current
              client relationships may exist where the fees are higher or lower than the stated fee
              schedule.

              The advisor fee covers only the OCIO services provided by LCG and does not include
              third-party manager fees, brokerage commissions, mark-ups and mark-downs,
              exchange fees, redemption fees, dealer spreads or other costs associated with the
              purchase and sale of securities, custodian fees, transfer fees, wire fees, interest,
              taxes, or other account expenses. All fees paid to LCG for OCIO services are separate
              and distinct from the fees and expenses charged by mutual funds or in conjunction
              with internal expenses associated with exchange-traded funds. The client will be
              solely responsible, directly or indirectly, for these additional expenses. LCG does not
              receive any portion of these additional fees.

              LCG does not participate in soft dollars, commissions, finder’s fees, or other similar
              incentive arrangements. LCG’s only compensation is from fees paid directly by our
              institutional and private clients in non-discretionary and OCIO service offerings. LCG
              does not receive any compensation based on a client’s purchase of any financial
              product.

       Fee Billing

              Unless specifically negotiated, OCIO fees are invoiced quarterly, in advance.
              Payment in full is expected upon invoice presentation.

LCG Associates, Inc.
Firm Brochure for OCIO Services (Part 2A of Form ADV)
Date: March 26, 2026

              A client may terminate LCG’s agreement at any time without prior notice to LCG. If a
              client terminates LCG’s OCIO relationship, any fees paid in advance will be prorated,
              and funds will be proportionately refunded.

              Unless specifically negotiated, the billable asset base will be determined on a one
              quarter’s lag. For example, the invoice for the quarter, October 1 – December 31, is
              based on the June 30 billable asset base. Absent manifest error, LCG’s invoices are
              not adjusted.

Item 7 Types of Clients
       Description

              LCG will generally provide customized OCIO services to clients including, but not
              limited to:

              •   Educational institutions
              •   Endowments
              •   Foundations
              •   Healthcare systems
              •   Religious organizations
              •   Investment platforms
              •   Corporations
              •   Family offices
              •   High net worth individuals

              Client relationships vary in type, scope and length of service.

       Account Minimums

              LCG may negotiate fees based on a variety of factors related to the requirements of
              servicing the client.

LCG Associates, Inc.
Firm Brochure for OCIO Services (Part 2A of Form ADV)
Date: March 26, 2026