Optimized Investment Partners LLC

ITEM 5 FEES AND COMPENSATION_______________________________________________________

ITEM 5A: FEE SCHEDULES

The annual fee for client accounts is charged as a percentage of assets under management, according to
the following schedules:

      Fixed Income Portfolio Management for Institutional Accounts Assets Under Management

Annual Asset Management Fee

A maximum of 0.25 of 1% (25 basis points) per year, billed monthly pro-rata. (IE. AUM $3 million =
$7,500 annually, $625 monthly)

A minimum of $1.5 million in assets under management is required for this service. Optimized reserves
the right to negotiate alternative minimum account size and fees on a case-by-case basis. Optimized will
aggregate certain related client accounts for the purposes of achieving the minimum account size and
determining the annualized fee.

Optimized’s fees for clients are typically paid monthly, in arrears, but can vary based on the terms of the
governing agreements.

                                       CONSULTING SERVICES FEES

Optimized's Consulting Services fees will be determined based on the nature of the services being
provided and the complexity of each client’s circumstances. All fees are agreed upon prior to entering a
contract with any client. Optimized’s Consulting Services fees are calculated in one or both of two ways:
1. On a fixed fee basis, subject to the specific arrangement reached with the client; and/or 2. On an
hourly basis, ranging up to $350.00 per hour. An estimate for the total hours is determined at the start
of the consulting relationship. The length of time it will take to complete Consulting Services will depend
on the scope and terms of the engagement. Fees are due and payable upon completion of the
Consulting Service or on an agreed upon payment schedule. There is no minimum fee for Optimized’s
Consulting Services. A typical flat fee range for consulting services will be between $1,000 and $5,000.

Pre-existing advisory clients are subject to Optimized's minimum account requirements and advisory
fees in effect at the time the client entered the advisory relationship. Therefore, our firm's minimum
account requirements and advisory fees differ among clients.

Advisory Fees in General: Clients should note that similar advisory services may or may not be available
from other registered investment advisers for similar or lower fees. Optimized’s clients are not required
to pay any start-up or closing fees; there are no penalty fees.

Termination of the Advisory Relationship: A client agreement between a client and Optimized may be
canceled at any time, by either party, for any reason upon receipt of 30 day’s written notice.

Fee Calculation: Optimized’s annual advisory fee is billed monthly or in some instances quarterly, in
arrears, and is calculated based on the average market value of a client's account for the billing period,
including accrued interest unless indicated otherwise in the client agreement. Typically, the market
value is taken from the monthly custodian account statements. Demand deposit cash (checking
account) is not included in the total market value calculation unless noted otherwise in the client
agreement. We will value securities or investments in the portfolio in a manner determined in good
faith to reflect fair market value. Optimized uses an independent third-party pricing source to value
client securities.

Limited Negotiability of Advisory Fees: Although Optimized has established the aforementioned fee
schedule(s), we retain the discretion to negotiate alternative fees on a case-by-case basis. Client facts,
circumstances and needs will be considered in determining the fee schedule. These include the
complexity of the client, the assets to be placed under management, the anticipated future additional
assets; the existence of any related accounts; portfolio style, account composition, reports, among other
factors. The specific annual fee schedule will be identified in the written agreement between Optimized
and each client. We group certain related client accounts for the purposes of achieving the minimum
account size requirements and determining the annual advisory fee. Such rates are not available to all
Optimized’s advisory clients.

ITEM 5B: FEE PAYMENT

Optimized provides invoices to our clients monthly for their advisory fees. Clients issue checks or ACH
payment for services rendered.

ITEM 5C: OTHER FEES AND EXPENSES AND VALUATION POLICY

Mutual Fund Fees: All fees paid to Optimized for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. The fees and
expenses charged by mutual funds and ETFs are described in each fund's prospectus. These fees will
generally include a management fee, other fund expenses, 12b-1 fees and possible distribution or
redemption fees. If the fund also imposes sales charges, a client may pay an initial or deferred sales
charge. A client could invest in a mutual fund directly, without our services. In that case, the client would
not receive the services provided by our firm which are designed, among other things, to assist the
client in determining which mutual fund or funds are most appropriate to each client's financial
condition and objectives. Importantly, clients should review both the fees charged by mutual funds and
ETFs and our fees to fully understand the total amount of fees to be paid by the client and to thereby
evaluate the advisory services being provided. Optimized is not affiliated with any mutual funds or ETFs,
does not share in the fees charged by mutual funds and ETFs, does not participate in the investment
decisions regarding the portfolios of mutual funds and ETFs and is not liable regarding such investments.

The fees and related expenses charged by mutual funds and ETFs can be found in the respective fund’s
prospectus and statement of additional information, which should be read carefully before investing.
...

ITEM 7 TYPES OF CLIENTS________________________________________________________________

Optimized will provide advisory services to the following types of clients:

       Local government entities
       Special districts (water, fire, etc.)
       Healthcare institutions
       Higher education institutions

Optimized will typically only manage clients’ accounts with minimum assets of $5 million. Exceptions can
be made based upon client specific information and the nature of the service(s) being provided.