Manhattan Global Asset Management LLC

ITEM 5 FEES AND COMPENSATION

Fees and other charges
Individually Managed Accounts:
Fees for individually managed accounts are tier priced as follows:

                         Account Size                                       Annual Percentage

                         $0-$1,000,000                                             2.25%

                     $1,000,001-$2,000,000                                         2.00%

                     $2,000,001-$5,000,000                                         1.75%

                    $5,000,001-$10,000,000                                         1.50%

                         $10,000,001+                                              1.25%

*Annual fees are negotiable

Cash Management Accounts:
All Account Sizes​                             Rate 0.25%

All asset-based fees are deducted by the qualified custodian of record on a quarterly basis in Advance, or as
otherwise indicated in the client agreement. Client statements for prior deductions will be provided on a
quarterly basis.

MGAM's Investment management fees are payable quarterly in advance, based on the value on the last
business day of the most recent quarter, with adjustments for additional deposits of funds if any made in a
quarter already billed, which will be billed in arrears at the beginning of the next quarter for the additional
cash flow. Upon termination, any fees paid in advance will be prorated to the date of termination and any
excess will be refunded to client through the Custodian or by check issued to the client as soon as practicable.

All fees paid to MGAM for investment advisory services are separate and distinct from the expenses charged
by third-party managers and Investment Companies to their shareholders. These fees and expenses are
described to the client in separate disclosures. These fees will generally include third-party management fees,

Manhattan Global Asset Management, LLC                           ​ ​       ​       ​      FORM ADV, PART 2A

an Investment Company management fee, other fund expenses, and in some situations a possible distribution
fee.

MGAM will provide investment advisory services and portfolio management services but will not provide
custodial or other administrative services. At no time will MGAM accept or maintain custody of a client’s
funds or securities except for authorized fee deduction. The Client may contact the Custodian directly for
disbursements, or account record changes, and may also do so in writing to the custodian. MGAM may act at
the client’s convenience to facilitate such written communications to the Custodian, provided that such action
is not construed to be custody of client assets.

Client is responsible for all custodial and securities execution fees charged by the custodian and executing
broker-dealer. Fees paid to MGAM are separate and distinct from the custodian and execution fees.

MGAM does not receive compensation for the sale of securities or other investment products with the
exception of insurance products.

Right of Cancellation
In addition to the right to terminate an agreement pursuant to its terms, a client may cancel an agreement with
Adviser within five (5) business days of first receiving a copy of this disclosure brochure and supplement
without penalty or fee.

ITEM 7 TYPES OF CLIENTS

MGAM provides services to a wide variety of clientele including individuals, corporations, trusts, non-profits,
foundations, and trusts.

Adviser has a minimum investment account balance of $1,000,000, which may be negotiable by MGAM.