Manzil Investment Advisors LLC

Item 5 Fees and Compensation

Advisory Fees

Manzil Invest is compensated for its investment advisory services through asset-based advisory fees
charged to client accounts maintained on its advisory platform. Unless otherwise agreed in writing, the
Firm charges an annual advisory fee of up to 0.40% of assets under management. The applicability and
scope of advisory services may vary depending on the account type and client election, as described in Item
4. For certain client accounts, the Firm may waive its advisory fee, including for accounts with balances of
$100,000 or more, at its discretion or as otherwise agreed with the client.

Advisory fees are generally billed in arrears and are calculated based on the value of assets under
management as of the applicable billing date, in accordance with the terms of the client’s written advisory
agreement. Clients may terminate their investment advisory agreement at any time upon written notice.
Upon termination, any unearned advisory fees will be refunded on a prorated basis, subject to the terms of
the applicable agreement. In limited circumstances, de minimis refund amounts may be netted for
administrative efficiency. The specific manner in which advisory fees are calculated, assessed, and collected
is set forth in the client’s advisory agreement.

Other Fees and Expenses
In addition to the advisory fees payable to Manzil Invest, clients may incur certain additional fees and
expenses in connection with investing in securities and maintaining their accounts. These fees and expenses
are imposed by third parties and are not retained by the Firm. Such costs may include custodial and account
maintenance fees, brokerage commissions and transaction-related charges, exchange and regulatory fees,
transfer taxes, wire and electronic funds transfer fees, margin interest (where applicable), redemption fees
or deferred sales charges imposed by investment products or intermediaries, as well as applicable taxes or
other governmental charges. Clients should review the applicable custodial agreements, account
documentation, and offering materials for a complete description of the fees and expenses that may apply
to their accounts.

Product-Level Fees and Expenses

Certain investment products available to clients, including ETFs, mutual funds, or other pooled investment
vehicles, charge management fees and other operating expenses at the product level. These product-level
fees are separate from, and in addition to, the advisory fees paid to Manzil Invest and are generally reflected
in the investment product’s net asset value or performance. Some investment products may pay
distribution, servicing, or shareholder servicing fees (including 12b-1 fees) to intermediaries or service
providers. Unless otherwise disclosed, Manzil Invest does not receive such fees. Additional information
regarding potential conflicts associated with investment products is described in Item 11 (Code of Ethics,
Participation or Interest in Client Transactions, and Personal Trading) of this Brochure.

Program-Based Advisory Arrangements

The Firm may offer advisory services through programs in which investment management services are
provided through model portfolios or platform-based arrangements. These services are provided pursuant
to written agreements and disclosures delivered to clients prior to enrollment. Advisory fees charged by

the Firm do not include brokerage commissions, custody fees, or other third-party expenses unless
otherwise expressly disclosed. Clients may incur additional costs in connection with brokerage, custody,
and investment products, as described above.

Additional Compensation

Manzil Invest does not charge performance-based fees and does not receive compensation based on a share
of capital gains or capital appreciation of client assets.

In addition to advisory fees charged to client accounts, the Firm receives compensation in its capacity as a
sub-adviser to registered investment companies, including exchange-traded funds, pursuant to sub-
advisory agreements with the primary investment adviser to such funds. Such compensation is paid by the
fund or the primary adviser and does not result in additional fees charged to advisory clients.

The Firm and its supervised persons do not receive compensation for the sale of investment products,
including asset-based sales charges, distribution fees, or servicing fees, unless otherwise disclosed.
Information regarding referral arrangements or other forms of compensation, if any, is described in Item 14
(Client Referrals and Other Compensation) of this Brochure.

Termination of Advisory Services
Either the client or Manzil Invest may terminate the advisory relationship at any time by providing written
notice to the other party. Upon termination, the Firm will have no further obligation to provide investment
advice or take action with respect to the client’s account. The client will remain responsible for monitoring
the securities and assets remaining in the account following termination. In the event of a client’s death or
legal incapacity, the Firm may continue to manage the account in accordance with the existing advisory
agreement until notified and provided with appropriate instructions from an authorized representative.
Clients should be aware that custodians and other third parties may require additional time to process
account changes, liquidations, or transfers following termination.

Delivery of Disclosure Documents

Clients receive Manzil Invest’s Form ADV Part 2A disclosure brochure prior to or at the time of entering
into an advisory agreement. If the disclosure brochure is not delivered at least 48 hours prior to entering
into an advisory contract, the client has the right to terminate the agreement without penalty within five
business days of entering into the contract, in accordance with applicable law.

Item 7 Types of Clients

Manzil Invest provides investment advisory services to individuals, including high-net-worth individuals,
through its advisory platform. Client relationships may include discretionary, non-discretionary, or
limited-scope arrangements, depending on the services elected and the terms of the applicable client
agreement. In certain cases, clients may maintain accounts in which they retain discretion over investment
decisions, as further described in Item 4.

The Firm also provides discretionary investment management services as a sub-adviser to registered
investment companies, including exchange-traded funds, pursuant to written sub-advisory agreements
with the primary investment adviser to such funds.

Unless otherwise agreed, Manzil Invest generally requires a minimum account balance of $100 to open and
maintain a retail account. The Firm reserves the right, in its sole discretion, to waive account minimums or
impose higher minimums based on the nature of the relationship, account structure, investment strategy,
or other relevant considerations.

In connection with its client relationships, the Firm may collect and maintain information necessary to
identify clients and comply with applicable regulatory requirements. The Firm reserves the right to decline
or terminate relationships where client objectives, requested investment restrictions, or other circumstances
are inconsistent with the Firm’s investment approach, operational capabilities, or regulatory obligations.