Loretta Nolan Associates LLC

Item 5 - Fees And Compensation

A. Advisory Fees

Engagements may include Portfolio Management, Financial Planning, and/or Tax
Preparation. Services for each component of the engagement may be charged as follows:

Portfolio Management Fees

Portfolio Management Services fees may be charged as an annual asset-based fee pursuant
to the following schedule (details of the investment advisory fee charged are more fully
described in the advisory agreement entered into with each client):

                Assets under Management               Maximum Annual Fee (%)
             $0-$999,999                                        1.25%
             $1,000,000-$2,999,999                              1.00%
             $3,000,000-$4,999,999                              0.80%
             $5,000,000-$9,999,999                              0.60%
             $10,000,000 and above                              0.50%

Clients will be billed in advance at the beginning of each calendar quarter, based upon the
value (market value or fair market value in the absence of market value), of the client's
portfolio at the end of the previous quarter. For new accounts, billing will commence upon
the deposit of any funds or securities in the account. The first payment will be prorated to
cover the period from the date the account is opened through the end of the next full calendar
quarter.

Financial Planning and Consulting Fees

Financial Planning and/or Consulting Services fees will be charged on an hourly basis
calculated ranging from $100 to $425 per hour, depending on the nature and complexity of
the individual client's personal circumstances. The length of time it will take to complete the
financial planning or consulting service will depend on the nature and complexity of the
individual client's personal circumstances. Hourly fees are due and payable upon completion

                                                                      Loretta Nolan Associates, LLC
                                                                    Effective Date: January 17, 2026

of the financial plan or consulting service. An estimate for total hours will be determined at
the start of the advisory relationship.

All fees are agreed upon prior to entering into a contract with the client. There is no
minimum financial planning/consulting fee. A retainer may be requested upon completion of
LNA’s fact-finding session; provided, however, that advance payment will never exceed $500
for work that will not be completed within 6 months.

Income Tax Planning and Preparation

LNA’s income tax planning and preparation fees will be charged on an hourly basis ranging
from $100 to $400 per hour, depending on the nature and complexity of each client's
circumstances.

Income tax planning and preparation fees are due and payable upon the completion of the
service. A retainer may be requested upon completion of LNA’s fact-finding session,
provided, however, that advance payment will never exceed $1,200 for work that will not be
completed within 6 months.

B. Payment Method

There are two options a client may select to pay LNA’s advisory services fees:

Direct Debiting

Each quarter, LNA will notify the client’s qualified custodian of the amount of the fee due
and payable to LNA pursuant to the firm’s fee schedule and advisory agreement. The
qualified custodian will not validate or check LNA’s fees, its corresponding calculation or the
assets on which the fee is based unless the client has retained their services to do so. With
the client’s pre-approval, the qualified custodian will “deduct” the fee from the client’s
account or, if the client has more than one account, from the account the client has
designated to pay LNA’s advisory fees.

Each month, the client will receive a statement directly from the qualified custodian showing
all transactions, positions and credits/debits into or from the client’s account. Statements
sent after quarter end will also reflect the advisory fee paid by the client to LNA.

Billing

LNA will issue the client an invoice for the firm’s services and the client will pay LNA by
check or wire transfer within [thirty (30) days of the date of the invoice, or as negotiated and
documented in the client’s advisory agreement.

C. Additional Fees and Expenses

Mutual Fund Fees

All fees paid to LNA for investment advisory services are separate and distinct from the fees
and 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,
other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a
client may pay an initial or deferred sales charge. A client could invest in a mutual fund
directly, without the services of LNA. In that case, the client would not receive the services

                                                                       Loretta Nolan Associates, LLC
                                                                     Effective Date: January 17, 2026

provided by LNA which are designed, among other things, to assist the client in determining
which mutual fund or funds are most appropriate to each client's financial condition and
objectives. To the extent that client assets are invested in money market funds or cash
positions, the fees for monitoring those assets are in addition to the fees included in the
internal expenses of those funds paid to their own investment managers, which are fully
disclosed in each fund’s prospectus. Accordingly, the client should review both the fees
charged by the funds and the fees charged by LNA to fully understand the total amount of
fees to be paid by the client and to thereby evaluate the advisory services being provided.

Trading and Other Costs

All fees paid to LNA for investment advisory services are separate and distinct from
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Item 7 - Types of Clients

LNA provides investment advisory services to individuals (including high net worth
individuals), trusts, estates, corporations and other types of business entities.

Engaging the Services of LNA

All clients wishing to engage LNA for investment advisory services must first complete the
applicable investment advisory agreement as well as any other document or questionnaire
provided by LNA. The investment advisory agreement describes the services and
responsibilities of LNA to the client. It also outlines LNA’s fee in detail. In addition, clients
must complete certain broker-dealer/custodial documentation. Upon completion of all these
documents, LNA will be considered engaged by the client. Clients are responsible for
ensuring that LNA is informed in a timely manner of changes in their investment objectives
and risk tolerance.

Conditions for Managing Accounts

Portfolio Management Services

                                                                       Loretta Nolan Associates, LLC
                                                                     Effective Date: January 17, 2026

LNA requires a minimum account size of $1,000,000 for new advisory clients, but may reduce
or waive this minimum at its sole discretion based on individual client circumstances.
Accounts of less than $1,000,000 may be set up when the client and LNA anticipate the client
will add additional funds to the accounts bringing the total to $1,000,000 within a reasonable
time.

Financial Planning and Consulting Services

There is no minimum annual fee requirement for Financial Planning and Consulting
Services.

Income Tax Planning and Preparation Services

There is no minimum annual fee requirement for Income Tax Planning and Preparation
Services.