MKT and Associates LLC

Item 5: Fees and Compensation

client should discuss with their investment adviser representative whether a share class from a
comparable mutual fund with a more favorable return to investors is available that does not
include the payment of any 12b-1 or revenue sharing fees given the client’s individual needs
and priorities and anticipated transaction costs. In addition, the receipt of such fees can create
conflicts of interest in instances where the custodian receives the entirety of the 12b-1 and/or
revenue sharing fees and takes the receipt of such fees into consideration in terms of benefits it
may elect to provide to the firm, even though such benefits may or may not benefit some or all
of the firm’s clients.

Item 7: Types of Clients
MKT offers its investment services to various types of clients including individuals and high-net-
worth individuals, trusts, corporations, and pension and profit sharing plans.
MKT generally requires a minimum account size of $250,000. MKT, in its sole discretion, may
waive the required minimum.