Fees and Compensation — Form ADV Part 2A (3/30/2017)
[Brochure]
Item 5 Fees and Compensation
Advisory Services Offered to ETFs
The fees and compensation paid to us by an ETF include a percentage of the assets under our
management as disclosed in each ETF's prospectus. A copy of each prospectus is available through
the SEC's website at www.sec.gov/edgar/searchedgar/companysearch.html. The fees owed to us will
be paid by the ETF in accordance with LifeSci's advisory agreement. Additional fees paid by the ETF
may include, but are not limited to transaction fees such as brokerage and execution charges,
markups, and commissions.
Advisory Services Offered to Funds
The fees and compensation paid to us by the Funds include a fixed percentage fee of 2% of the assets
under our management. Performance fees are also assessed at 20% of the profits and are paid
directly from the Fund's assets. For more information on the performance fee, refer to Item 6 of this
brochure. Additional fees paid by the Fund may include, but are not limited to,legal, audit, and
custodial services provided to the Fund and transaction fees such as brokerage and execution
charges, markups, and commissions. Fee and compensation information is described in each fund's
prospectus. The fees owed to us will be paid by the Funds in accordance with the Fund's LP
agreement.
Compensation for the Sale of Securities or Other Investment Products
Persons providing investment advice on behalf of our firm are registered representatives with a
securities broker-dealer, and a member of the Financial Industry Regulatory Authority and the
Securities Investor Protection Corporation. Compensation earned by these persons in their capacities
as registered representatives is separate and in addition to our advisory fees. This practice presents a
conflict of interest because persons providing investment advice on behalf of our firm who are
registered representatives have an incentive to effect securities transactions for the purpose of
generating commissions rather than solely based on your needs. You are under no obligation,
contractually or otherwise, to purchase securities products through any person affiliated with our firm.
Persons providing investment advice on behalf of our firm may be licensed as independent insurance
agents. These persons will earn commission-based compensation for selling insurance products,
including insurance products they sell to you. Insurance commissions earned by these persons are
separate and in addition to our advisory fees. This practice presents a conflict of interest because
persons providing investment advice on behalf of our firm who are insurance agents may have an
incentive to recommend insurance products to you for the purpose of generating commissions rather
than solely based on your needs. You are under no obligation, contractually or otherwise, to purchase
insurance products through any person affiliated with our firm.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2017)
[Brochure]
Item 7 Types of Clients
We offer investment advisory services to exchange traded funds and pooled investment vehicles (other
than investment companies).