Pacific View Asset Management LLC

ITEM 5: FEES AND COMPENSATION

Pacific View charges a “management fee” equal to a percentage of the net assets in the relevant
separately managed account. The management fee will be negotiable with each separately managed
account client as part of its investment management agreement. Pacific View expects management
fee rates for discretionary accounts to be in the range of .80% to 1.5% of assets managed. Pacific

View generally charges its management fee quarterly in arrears, based on account asset values at
quarter-end. While Pacific View generally expects to bill management fees to separately managed
account clients outside of their managed account, Pacific View will allow each such client to specify
in its investment management agreement whether Pacific View will bill them for the management
fee outside of the managed account or deduct the fee directly from the managed account.

Pacific View prorates management fees for assets managed for a partial quarter based on the number
of days the assets were in the account during the quarter.

In addition to management fees, clients will be responsible for all brokerage commissions,
transaction fees, and other related costs and expenses related to transactions in their accounts, as
well as custodial fees, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions.

Clients should review the fees charged by any third party together with the fees charged by Pacific
View to fully understand the total amount of fees to be paid by the client, and thereby evaluate the
advisory services being provided.

As compensation for the sub-advisory services it provides to the Mutual Fund, AlphaCentric Advisors,
LLC, the Mutual Fund’s advisor, pays Pacific View 50% of the net management fees that AlphaCentric
Advisors receives from the Mutual Fund. The fees and compensation paid by the Mutual Fund
investors is described in full detail in the Prospectus and SAI.

ITEM 7: TYPES OF CLIENTS

Pacific View intends to provide investment management services for the strategies discussed in this
brochure to separately managed accounts. Managed account clients will generally be institutional
clients, including employee benefit plans, endowments, and corporations, family offices and high net
worth individuals.

Pacific View also offers sub-advisory services to registered investment companies, i.e., mutual funds.
With respect to the Mutual Fund, please see the Prospectus and SAI for any requirements regarding
investment minimums.