Leading Edge Investment Advisors LLC

Item 5 – Fees and Compensation

Leading Edge reserves the discretion to negotiate fees separately with each individual client.
Fees are primarily offered as bundled fees (inclusive of underlying sub-advisory management
fees) and based upon assets under management. Typical bundled fees range from an average
of 45 basis points for a simple fixed income fund, to a high of 90 basis points for a more complex
fund utilizing international strategies. The methodology of fee calculation is determined by the
client or fund. The governing documentation for each client/fund will contain the fee to be paid
as well as the methodology utilized in calculating the fee. This methodology may vary greatly
for institutional clients. A typical fee schedule will be tiered (the greater the assets, the lesser

Form ADV - Part 2A

the basis points) and are pro-rated for contributions and withdrawals during the fee period.
Performance incentive fees are negotiable upon client interest and/or request.

Customized Separate Accounts:
Separate account fees are negotiated with each individual client and are based on the specific
type of product(s) in which said client is interested and to satisfy customized client
requirements. All separate account fees are paid quarterly in arrears upon presentation of an
invoice to the client and are pro-rated for contributions or withdrawals during the fee period.
Leading Edge does not deduct fees from our clients’ accounts. Prepaid fees are not accepted at
this time for separate accounts.

Conflict of Interest:
A performance-based fee may be offered to individual clients with customized requirements,
guidelines, restrictions, etc. This customization mitigates our incentive to recommend
investment strategies which may be riskier or more speculative than those which would be
recommended under a different fee arrangement. Performance Fees may be negotiated upon
client interest in return for a lower base fee.

Advisory Fees in General:
Leading Edge Investment Advisors, LLC, offers fee agreements similar to, and competitive with,
those of other investment advisory firms that offer manager-of-managers or fund-of-funds
products. To the best of our knowledge and belief, our fee structures are reasonable for the
types of services offered and provided, and our knowledge and experience in this field.

Other Fees and Expenses:
All separate account fees and expenses incurred in connection with custodial services are
negotiated and paid directly by the client. Co-mingled fund expenses are paid by the fund as
indicated within the legal documentation for the fund. Please see Item 12 for information
regarding our use of brokerage.

Form ADV - Part 2A

Leading Edge and its’ employees do not accept client compensation in any form other than as
described above.

Item 7 – Types of Clients

Leading Edge Investment Advisors, LLC offers services to institutional clientele including:
corporate and public pension and profit-sharing plans, charitable institutions, foundations,
endowments, municipalities, and other U.S. institutions.

Separate accounts will be funded with no less than fifty million dollars. The minimum
investment for private funds is determined by each fund and is disclosed in the governing
documentation.