Liquid Strategies LLC

Item 5 Fees and Compensation
A. Liquid Strategies is compensated for advisory services based on the value of regulatory assets
under management at a rate that varies depending on the particular product for which a client may
invest. Investors in the Overlay ETFs are charged up to a .75% management fees. Investors in the
Firm’s interval funds are charged a 1.65% management fee. Additional fees charged to investors in the
ETFs are detailed in the fund’s prospectus and are generally referred to as the fund’s expense ratio.
The management fee for investors in the Firm’s private funds are disclosed in the private funds’
offering documents. Liquid Strategies receives a .30% fee for its role as a sub adviser to an unaffiliated
ETF. Advisory fees are negotiable at the discretion of the investment manager. Sub adviser fees are
negotiated at the discretion of the Firm and the adviser.

B. Clients of the Firm are invoiced for fees incurred. Management fees are billed monthly or quarterly
either in advance or in arrears dependent on the arrangement with each client.

C. Liquid Strategies’ investment management fees are exclusive of brokerage commissions and other
trading related costs that may be incurred. See Item 12 Brokerage Practices for additional information.
Clients will also incur fees charged by the custodian of their assets that are separate from any fees
charged by Liquid Strategies.

D. Certain clients may pay fees in advance. Clients may obtain a refund of a fee paid in advance in the
event an advisory contract is terminated or a withdrawal is made prior to the end of the billing period.
The refund would be prorated based on the total amount of the fee paid in advance, the number of
days in the billing period and the number of days remaining in the billing period.

E. Neither the Firm nor its supervised persons accepts compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

Item 7 Types of Clients
Liquid Strategies provides investment advisory services to clients in the form of separately managed
accounts, registered investment companies, unregistered private funds and through sub advisory
relationships. The standard minimum account size for investment advisory services in a separate
account is $1 million subject to manager discretion and on a case-by-case basis.