Mill Capital Management LLC

Item 5 – Fees and Compensation

Adviser charges fees for investment management services that are based on a percentage of assets
under management. For accounts that are charged based on a percentage of assets under
management, these accounts are billed monthly in arrears and calculated on the market value of the
account as of the end of the calendar month. The Adviser’s investment management fee schedule
ranges from 0.35% to 1.00% of the market value of the account, depending upon the assets under
management and investment mandate for that individual client. Clients are responsible for any
commissions or transaction costs charged by the custodian in association with implementing and
maintaining this strategy.

Financial planning services for an existing management client are included in the advisory fee
described above.

Adviser may negotiate the fee charged in certain circumstances, such as the account having a
substantially larger than average value or other factors impacting the relationship of the account.
Adviser reserves the right to waive fees got family members and employees or decline services to
any person for any reason. In all cases, Adviser discloses the fee charged prior to services being
provided and includes the fee schedule in the client’s investment management agreement.

For accounts opened mid-billing period, fees are prorated based on the number of days’ services are
provided during the initial billing period.

Deduction of Fees

Clients’ fees will be deducted from their account. Clients are required to provide the custodian with
written authorization to deduct the fees from the account and pay the fees to Adviser. Adviser
provides the custodian with a fee notification statement.

The custodian will send account statements to clients at least quarterly showing all disbursements
from the account, including advisory fees. Clients should review account statements received from
their account custodian and verify that appropriate advisory fees are being deducted.

Other Non-Advisory Fees

Our advisory fees are exclusive of custody charges, brokerage commissions, transaction fees, wire
transfer fees, and other costs and expenses that may be charged by service providers unrelated to
Mill Capital. Please see Item 12 of this disclosure document for more information on Mill Capital’s
brokerage practices. Clients are billed for services from other service providers separately from Mill
Capital and these amounts are reported separately from Mill Capital’s fees.

All fees paid to Mill Capital for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds and/or ETFs 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 our services.
In that case, the client would not receive the services provided by our firm 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. Accordingly, the client should review both the fees

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charged by the funds and our fees to fully understand the total amount of fees to be paid by the client
and to thereby evaluate the advisory services being provided.

Adviser may assist the client in establishing a managed account(s) through a qualified custodian.
Clients can direct Adviser to use a specific custodian or can allow Adviser to recommend a custodian
based on currently established relationships. When clients direct the use of a particular custodian,
Adviser may not be able to obtain the best prices and execution for the transaction. Clients who direct
the use of a particular custodian may receive less favorable prices than would otherwise be the case
than if they had not designated a particular custodian. Further, clients directing the use of a
particular custodian may not be able to participate in aggregate trades (i.e., block trades) and
directed trades may be placed by Adviser after effecting non-directed trades. Please refer to Item

Item 7 – Types of Clients

Adviser generally provides investment advice on a discretionary basis to individuals, including high
net worth and charitable organizations.

Minimum Investment Amounts Required

Adviser has a minimum investment amount of $2,000,000 for clients. Adviser may waive this
minimum in certain circumstances.

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