Osmosis Investment Management US LLC

Item 5: Fees and Compensation

For SMAs, Osmosis is compensated with a management fee which is calculated as a percentage
of assets under management. Fees are negotiable based on specific client requirements and
size of allocations. Clients are billed in arrears on a quarterly basis, and fees can be pro-rated.
Clients will be charged at the rate set forth in their Investment Management Agreement.
Management fees currently range from 0.20% - 0.375%. Payment terms are set forth in the
clients Investment Management Agreement and are based on assets under management.

                              Osmosis Investment Management US LLC

Osmosis clients are billed directly.

ETF Fees

Specific management fee and related expense information can be found in the ETFs’ Offering
Documents. The fees are based on assets managed by Osmosis, and are calculated by the third-
party administrator of the ETFs.

Model Program Fees

Fees for Osmosis’s investment strategies offered by the Model Program are determined by the
Consulting Agreement with the registered investment adviser. Osmosis receives a portion of
the total fee charged to the end client. Currently, the maximum Model Program fee is 0.35%.
Payment terms are set forth in the Consulting Agreement with the Program Sponsor.

All fees paid to Osmosis for investment advisory services for Model Programs are separate and
distinct from the fees and expenses that may be charged by other advisors (including separate
account managers, mutual funds and/or ETFs). These fees will generally include a management
fee. Accordingly, the client should review both the fees charged by other advisors 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.

Other Fees and Expenses

In addition to our management fees, clients are also responsible for the fees and expenses
charged by custodians and any transaction charges imposed by a broker dealer. Further
information about brokerage practices is disclosed in Item 12.

Item 7: Types of Clients

Osmosis is an institutional asset manager. As of the date of this brochure, Osmosis is the sub-
manager of a designated portion of the assets of two registered investment advisors and
provides investment management services to ETFs. Osmosis also participates in Model
Programs as described in Item 4.

The minimum AUM requirement for opening and maintaining a SMA or Model Program with
Osmosis is $100 Million. However, Osmosis may waive that minimum in its sole discretion.

Osmosis serves as an investment advisor to ETFs. There is no minimum investment
amount required for the ETFs.

                              Osmosis Investment Management US LLC