Profit Investment Management LLC

Item 5: Fees and Compensation
Description
The maximum advisory fee charged will not exceed 1% of assets under management. Profit Investments will
quote an exact percentage to each client based on both the nature of the account (as defined in the
Agreement) and dollar value of that account. Fees are billed in arrears and are calculated as a percentage of
assets under management. Clients are invoiced at the end of each calendar quarter, based on the value of
the client's account on the last business day of the quarter or in the manner specified by the Agreement.
Clients may terminate their relationship with Profit Investments at any time, by providing written notification to
Profit. If an account is terminated during a calendar quarter, fees will be adjusted pro rata based upon the
number of calendar days in the calendar quarter that the Agreement was effective.
Profit Investments does not direct debit fees from client accounts. Compensation is not payable before service
is provided. Fees for institutional clients may be negotiable, depending on the size of the account. A basic fee
schedule is included below.
Fee Schedule of Large Cap Equity:
         Up to $10,000,000 - 0.65%
         $10,000,000 but less than $25,000,000, then 0.60%
         $25,000,000 but less than $50,000,000, then 0.50%
         $50,000,000 but less than $100,000,000, then 0.45%
         $100,000,000 or more- 0.40%
Fee Schedule of Small Cap Equity:
         Up to $50,000,000 - 1.0%
         $50,000,000 but less than $150,000,000 - 0.90%
         $150,000,000 but less than $300,000,000 - 0.80%
         $300,000,000 or more - 0.75%
Fee Schedule of Environmental, Social & Governance (“ESG”):
         Up to $5,000,000— 1.0%
         $5,000,000 but less than $10,000,000 - 0.75%
         $10,000,000 but less than $25,000,000 - 0.70%
         $25,000,000 but less than $50,000,000 - 0.60%
         $50,000,000 but less than %100,000,000 - 0.55%
         $100,000,000 or more -0.50%
Other Fees
Profit Investments may only implement its investment management recommendations after the client has
arranged for and furnished Profit with all information and authorization regarding accounts with appropriate
financial institutions, including broker-dealers and custodians. Clients may be responsible for any charges,
commissions or fees imposed by mutual funds, ETFs, retirement plans or broker-dealers as a result of an
investment in any of Profit Investments’ managed portfolios. These fees are charged separately and are in
addition to the fees charged by Profit.

Item 7: Types of Clients
Description
Profit Investments offers portfolio management services to investment companies, pensions and profit sharing
plans, charitable organizations, corporations, state, municipal government entities, and other investment
advisers.
Account Minimum
The minimum for institutional clients in the Large Cap Equity is $1 million and ESG Equity is $1 million. For
institutional clients in the Small Cap Equity, the minimum is $500,000. However, these minimums may be
raised or waived at the discretion of Profit Investments.