Moneda USA Inc

Item 5: Fees and Compensation

A. Advisory Fees and Compensation.

Moneda USA receives fees in the form of a percentage of assets under management as well as
performance-based fees from investment management services to the managed accounts and
the private fund.

B. Payment of Fees.

In the case of the managed accounts to which Moneda USA provides investment management
services, Moneda USA receives a fee from the Client.

With respect to the Fund, Moneda USA indirectly deducts the fees from the fund Client by
directing payment through the fund’s Administrator.

C. Other Fees and Expenses.

In addition to paying investment management fees or other compensation, Client accounts may
also be subject to other investment expenses such as custodial charges, brokerage fees,
commissions and related costs; interest expenses; taxes, duties and other governmental
charges; transfer and registration fees or similar expenses; costs associated with foreign
exchange transactions; other portfolio expenses; and costs, expenses and fees (including,
investment advisory and other fees charged by investment advisers with, or funds in which the
Client’s account invests) associated with products or services that may be necessary or
incidental to such investments or accounts. Client assets may be invested in pooled investment
vehicles. In these cases, Clients will bear their pro rata share of the underlying fund’s operating
and other expenses including, in addition to those listed above: sales expenses, legal expenses;
internal and external accounting, audit and tax preparation expenses; and organizational
expenses. Client assets may be invested in money market mutual funds, ETFs or other
registered investment companies. In these cases, the Client will bear its pro rata share of the
investment management fee and other fees of the fund, which are in addition to the investment
management fee paid to the Adviser.

D. Prepayment of Fees.

Not applicable. There is no prepayment of fees available for Moneda USA.

E. Additional Compensation and Conflicts of Interest.

Not applicable. The Adviser or any of its supervised persons does not accept compensation for
the sale of securities or other investment products, including asset-based sales charges or
service fees from the sale of mutual funds or other securities.

Item 7: Types of Clients

The Adviser’s Clients consist of privately offered pooled investment vehicles, and managed
accounts.

The Adviser does not have any specific requirements for opening or maintaining an account
outside of the applicable rules and regulations. The minimum initial subscription for the private
fund managed by Moneda USA is generally $1 million, but may vary depending on the subclass
of shares, although the Adviser may waive the minimum subscription at its own discretion.