Montvue Capital Management Inc

Item 5 Fees and Compensation
Investment Management Fees
Investment management fees are based on assets under management with no hidden trailers or referral
 fees and no soft dollar services for commissions generated. All fees are calculated based on account
 value on the last business day of the quarter and charged quarterly in arrears. Clients may choose to
 have the fee deducted from their investment accounts or pay directly via check. MontVue's standard
 fee schedule is:

                                         Annual Fee Schedule

                           Assets Under Management                  Annual Fee
                           First $1,000,000                              1.00%
                           The next $2,000,000                           0.50%
                           All over $3,000,000                           0.30%

For example, an account's value is $1,450,000 as of March 31. The fee for the quarter is calculated
below:

The first million is charged 1% ($1,000,000 X .01)                                         $ 10,000
The balance is charged .50% ($450,000 X .005)                                            + $ 2,250
These charges are totaled ($10,000 + $2,250)                                               $ 12,250

The total is divided by four to arrive at the $3,062.50 quarterly fee ($12,250 ÷ 4) =      $ 3,062.50

In this example, the fee for the quarter ended March 31 is $3,062.50.

If the investment advisory agreement is executed at any time other than the first day of a calendar
quarter, our fees may apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is negotiable,
depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above. Legacy clients also may be under
a different fee schedule than listed above.

We will send you an invoice for the payment of our advisory fee, or we will deduct our fee directly from
your account through the qualified custodian holding your funds and securities. We will deduct our
advisory fee only when you have given our firm written authorization permitting the fees to be paid
directly from your account. Further, the qualified custodian will deliver an account statement to you at
least quarterly. These account statements will show all disbursements from your account. You should
review all statements for accuracy.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you receive
from the qualified custodian, call our main office number located on the cover page of this brochure.

You may terminate the investment advisory agreement upon written notice. You may incur a pro rata
charge for services rendered prior to the termination of the investment management agreement, which
means you will incur advisory fees only in proportion to the number of days in the quarter for which you
are a client.

Financial Planning Fee
For non‐investment management clients, an initial meeting is free of charge and then the following rate
for Financial Planning applies:

                                    Annual Minimum Fee:        $1,000

Fees may be negotiable depending on the scope and complexity of the plan, your situation, and your
financial objectives. In limited circumstances, the cost/time could potentially exceed the standard fee. In
such cases, we will notify you and request that you approve the additional fee. The entire fee will be
due upon presentation of the financial plan by the adviser.

At our discretion, we may offset our financial planning fee to the extent you implement the financial plan
through our Investment Management Service.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses.

You will also incur transaction charges and/or brokerage fees when purchasing or selling securities,
interest, and other account administration charges. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not share
in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or custodian.

If another manager is used either as a third-party manager or on a sub-advisory basis, you will incur fees
for these services. These managers would charge a fee separate from the MontVue fee, and it would be
deducted directly from the client’s account at the custodian. This fee may be charged in advance or in
arrears based on the third party’s fee schedule and calendar. MontVue receives no portion of the fees
imposed by the sub-advisor.

You will also incur transaction fees for bond transactions: The least transparent of all transaction fees,
there are usually mark-ups on the purchase and sale of bonds. MontVue receives no portion of these
mark-ups.

To fully understand the total cost you will incur, you should review all the fees charged by mutual funds,
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Item 7 Types of Clients
We offer investment advisory services to high-net worth individuals, individuals that do not have a high
net worth, banking or thrift institutions, charitable organizations, as well as other businesses not listed.
In addition, we offer investment advisory services for company pension and profit sharing plans (but not
the plan participants).

In general, MontVue Capital Management requires a minimum of $500,000 in total investable assets. At
our discretion, we may waive this minimum. For example, we may waive the minimum if you appear to
have significant potential for increasing your assets under our management.

We may also combine account values for you and your minor children, joint accounts with your spouse,
and other types of related accounts to meet the stated minimum.