Pflug Koory LLC

Item 5 - Fees and Compensation
We charge a management fee for our services that is typically computed as a percentage of
the assets we manage for a client. For example, the fee for a client with $100,000 under
our management might be 1% per year resulting in an annual cost to the client for our
services of $1,000.

Pflug Koory, LLC Brochure
January 24, 2026

Portfolio Management Annual Fee Schedule: Fees will not exceed:
         1.25% for net assets less than $1,000,000
         1.00% for net assets from $1,000,000 to $5,000,000
         Negotiable for net assets greater than $5,000,000
         Minimum annual fee of $500

The portfolio management fee is calculated and billed at the end of each calendar quarter
by multiplying ¼ of the annual rate by the portfolio’s net assets as of the quarter end. Fees
for accounts opened subsequent to the end of a calendar quarter or terminated prior to the
end of a calendar quarter will be calculated on a pro rata basis for the calendar quarter of
service. Fees may be paid from portfolio assets or billed to the client at the client’s
discretion. Since the portfolio management fee is not collected in advance, the Advisor
does not have a refund policy. Fees may be negotiable under certain circumstances, e.g.
due to the nature of the portfolio, other client/family relationships, the deemed potential
for future growth, or other factors. This listing is not all inclusive.

Clients should also note that in addition to management fees paid to Pflug Koory, LLC
investments may incur other costs (for example, brokerage commissions, mutual fund
operating expenses, custodian or transaction fees) that are not received by our firm or any
related party. Please refer to the Brokerage section of our brochure for more information.

Consulting:
Hourly consulting is available at a rate not to exceed $200 per hour for clients maintaining
a portfolio management relationship with the Advisor. Consulting for other clients will be
billed at a rate not to exceed $300 per hour. The actual hourly rate will depend on the
nature of, and circumstances related to, the work to be performed. Hourly rates will be
disclosed to the client in advance and billed upon completion of the consulting engagement
unless other arrangements are made. Other direct expenses related to the consulting work
will also be billed to the client. Examples of those types of expenses would be for travel,
hotel accommodations, etc.

Pflug Koory, LLC does not solicit or accept commissions, referral fees, performance fees,
or other forms of compensation.

Termination of our Investment Advisory Relationship:
Either the client or the Advisor may terminate the investment advisory relationship at any
time by giving thirty (30) days written notice of termination to the other party. If the
termination takes place before the end of a quarter, any fees owed to the Advisor shall be
paid by the client on a prorated basis as of the effective date of the termination.

Item 7 - Types of Clients
Pflug Koory, LLC provides investment management services to individuals, businesses,
trusts, charitable foundations, and retirement plans. We impose no minimums on client
accounts, although we will not accept clients if it would be economically counterproductive
to the client to pay our minimum annual fee.