Montgomery Capital Advisors LLC

Item 5 Fees and Compensation

Montgomery Capital Advisors, LLC ("MCA") is an independent fee-only registered investment
adviser. Advisory fees paid by clients are MCA's sole source of compensation. MCA does not
receive commissions, sales charges, referral fees, or other compensation related to the
purchase or sale of securities. MCA acts as a fiduciary and is obligated to place clients' interests
ahead of its own.

Advisory Fees

The annual fee for portfolio management services is based upon a percentage of assets under
management and is set forth in the client's advisory agreement. Advisory fees are calculated
and billed quarterly in advance based upon the value of assets in the account as of the
applicable valuation date. For fixed-income accounts, accrued interest is included in the
account value used for calculating advisory fees. Clients should be aware that accrued interest
included in MCA's advisory fee calculation may not appear on custodial statements until paid
and reflected by the custodian.

MCA's current fee schedule is as follows:

Assets Under Management Annual Fee
Up to $750,000               1.75%
$750,000.01 to $5,000,000    1.50%
$5,000,000.01 to $10,000,000 1.25%
Over $10,000,000             Negotiable

Fee Deduction

Clients authorize MCA, pursuant to written authorization contained in the investment
management agreement and related custodial documentation, to deduct advisory fees directly
from their custodial accounts.

This authority is limited solely to the deduction of advisory fees and does not authorize MCA to
withdraw client assets for any other purpose. The qualified custodian sends account statements
directly to clients at least quarterly showing all account transactions, including advisory fee
deductions.

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Item 5A Fees and Compensation (Continued)

Negotiability of Fees

MCA may, in its sole discretion, negotiate advisory fees based upon factors such as account
size, anticipated future assets, related account relationships, complexity of services, and other
relevant considerations. As a result, similarly, situated clients may pay different fees.

Calculation

Advisory fees are not based upon a share of capital gains or capital appreciation of client assets
and therefore do not constitute performance-based compensation under Section 205(a)(1) of
the Investment Advisers Act of 1940.

Termination of Advisory Relationship

Either party may terminate the advisory agreement upon thirty (30) days' written notice. Upon
termination, any prepaid advisory fees will be refunded on a pro rata basis for the portion of
the billing period during which services were not provided.

Clients may terminate their advisory agreement without penalty within five (5) business days
after entering into the agreement.

Clients may incur transaction costs, custodial fees, wire fees, mutual fund expenses, ETF
expenses, or other charges imposed by third parties. Such charges are separate from and in
addition to MCA's advisory fees.

Mutual Fund and ETF Expenses

All fees paid to MCA for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds, exchange-traded funds ("ETFs"), and other investment
vehicles. These expenses are described in the applicable prospectus or offering documents and
are borne indirectly by investors. Clients should carefully review these expenses in conjunction
with MCA's advisory fees when evaluating the overall cost of investing.

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Item 7 Types of Clients

Montgomery Capital Advisors, LLC ("MCA") provides investment advisory services primarily to
individuals, trusts, and estates.

MCA generally requires a minimum account size of $750,000 and a minimum annual advisory
fee of $10,000. MCA may, in its sole discretion, waive or reduce these minimums based upon
factors such as anticipated future assets, related account relationships, complexity of services
provided, or other relevant considerations.