NIA Impact Advisors LLC

​Item 5 – Fees and Compensation

A.​Fees and Compensation

Investment Management Services

Nia charges an investment management fee based on a percentage of assets
under management, including all securities and cash held in the client portfolio

Assets under Management Annual Fee Rate:
   ♦​Up to $500,000: 1.50%
   ♦​$500,001 to $1,000,000: 1.25%
   ♦​$1,000,001 to $5,000,000: 0.95%
   ♦​5,000,001 to $10,000,000: 0.85%
   ♦​Over $10,000,000: 0.75%

Advisory fees are negotiated on a client-by-client basis, depending on such
details as, yet not limited to, type of client/account, account size, service
requirements, and the full extent of the client's relationship with Nia Impact
Advisors. As such, fees may vary from the annual fee schedule set forth above.

Portfolio Management Fees

For clients invested in one of Nia’s portfolios, Nia charges a portfolio
management fee based on a percentage of assets under management,
including all securities and cash held in the client portfolio.

As stated in Item 4 above, Nia also serves as a portfolio manager in a number of
UMA programs or Model Delivery programs. In these programs, Nia does not
dictate the overall fee schedule, the method of calculating the fee or the
timing for payment of the fee. The fees paid by the Program Client may be
higher or lower than if the client retained Nia directly outside the respective
UMA or Model Delivery program. Nia receives a portion of the fees paid to the
UMA or Model Delivery Program Sponsor subject to an agreement between Nia
and the Program Sponsor.

Nia’s fees typically range between 0.75% and 1.5% per annum, however, there
are relationships where Nia’s fees will be lower than that stated range:

 BNY Mellon      Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%

                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
Charles          Up to $500,000: 1.50%
Schwab           $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
CIBC             Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
Fidelity         Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
Folio            Up to $500,000: 1.50%
Institutional    $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
JP Morgan        Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%
Morgan           CES Platform
Stanley          Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%

                 UMA
                 Platform
                 0.39%
Northern Trust   Up to $500,000: 1.50%
                 $500,001 to $1,000,000: 1.25%
                 $1,000,001 to $5,000,000: 0.95%
                 $5,000,001 to $10,000,000: 0.85% Over
                 $10,000,000: 0.75%

 UBS              MAC Platform
                  Up to $500,000: 1.50%
                  $500,001 to $1,000,000: 1.25%
                  $1,000,001 to $5,000,000: 0.95%
                  $5,000,001 to $10,000,000: 0.85% Over
                  $10,000,000: 0.75%

 Wells Fargo      Up to $500,000: 1.50%
                  $500,001 to $1,000,000: 1.25%
                  $1,000,001 to $5,000,000: 0.95%
                  $5,000,001 to $10,000,000: 0.85% Over
                  $10,000,000: 0.75%

While the billing methodologies will vary and are sometimes dictated by the
specific custodian or Program Sponsor, client fees are typically valued in
accordance with the following:
   ●​ Morgan Stanley UMA: client fees are based on the value of client assets
       as of the last day of preceding month, and paid monthly in advance;
   ●​ Folio: client fees are based on an average daily value, and paid quarterly
       in arrears; and
   ●​ UBS: client fees are based on the value of client assets as of the last day
       of each calendar quarter, and paid quarterly in advance; and
   ●​ For other custodians, client’s quarterly advisory fees will be assessed in
      arrears by taking one fourth of the annual fee rate and applying this to
      the average month-end value of the account.

The UMA and Model Delivery Program Clients are responsible for evaluating
whether the overall fee paid exceeds the cost for the same services if such
services were provided separately. Clients should consider the overall fees and
the services received to determine if a product is appropriate. Nia or the client
can terminate investment services at any time. A pro-rata portion of any
prepaid fee will be refunded to a UMA Program Client by the Sponsor upon
termination of investment advisory services.

Fees for Mutual Fund Management Services

This table describes the fees and expenses that you may pay if you buy, hold
and sell shares of the Fund. You may pay other fees, such as brokerage

commissions and other fees to financial intermediaries, which are not reflected
in the tables and examples below.

“Other Expenses” are based on estimated amounts for the current fiscal year.
Nia has contractually agreed, until June 30, 2026, to reduce Management Fees
and reimburse Other Expenses to the extent necessary to limit Total Annual Fund
...

​Item 7 – Types of Clients

    Nia provides discretionary and non-discretionary investment management
    and/or consulting services to many types of investors, including: individuals, high
    net worth individuals, trusts, pension and profit-sharing plans, estates, non-profit
    organizations, corporations, registered investment companies, and financial
    advisors. Nia also serves as a portfolio manager in a number of UMA Programs.

    For investment management services, Nia generally imposes a $500,000
    minimum account size, although we do reserve the right to alter minimum
    account size requirements to ensure proper diversification and eligibility to
    participate in certain managed account platforms. See Item 5 (Fees and
    Compensation) for information about minimum fees related to financial
    planning and consulting services.