Proventus AG Vermogensverwaltung

Item 5. Fees and Compensation                       may also charge additional fees for services
                                                    outside the scope of the services described
Proventus Ltd generally charges fees for its        above. Any additional fees are disclosed to the
services as a percentage of the market value        client.
of assets under management (“AUM”). The
asset management fee is charged quarterly in        There is no minimum annual fee.
arrears. AUM is measured with reference to the
last business day of the respective calendar        Other fees and expenses you may incur
quarter. The fee generally is charged in the
reference currency of the Account.                  Fees charged by Proventus Ltd do not include
                                                    custodian fees, fees for trade settlement,
Proventus Ltd is a fee-only investment adviser      brokerage commissions, taxes or any other fee
and       does   not     receive     undisclosed    or taxes imposed by the custodian bank or the
remuneration from third parties in connection       broker or National Authorities. Proventus Ltd’s
with its investment advisory services. Discounts,   fees do not include management or other fees
finder’s fees or any other remuneration             charged by funds or other products that client
received by Proventus Ltd from third parties will   Accounts may be invested in from time to time.
be disclosed to the client and credited against     It is Proventus’ philosophy to generally invest in
Proventus Ltd’s management fees. Proventus          the most favorable share class with the least
Ltd does not manage accounts based on               cost.
commissions, subscriptions fees, or hourly rate
charges                                             Compensation owed to Proventus Ltd is not
                                                    payable in advance.
Compensation is not payable in advance.
Accounts initiated or terminated during a
calendar quarter will be charged a prorated         Item 6. Performance Based Fees and
fee. Upon termination of any relationship,          Side-by-Side Management
accrued, unpaid fees will be due and payable.
                                                    Performance Based Fee Scheme
Proventus Ltd relies on custodian banks of its
clients to value the assets in the respective       Proventus Ltd presently does not charge
client Accounts, and Proventus Ltd computes         performance-based fees. However, Proventus
its investment advisory fees based on these         Ltd may enter into performance based fee
valuations provided by the custodian bank. At       arrangements with qualified clients in the future
the end of the quarter, Proventus Ltd arranges      subject to individualized agreements with
with the custodian bank for the direct payment      each client. To the extend Proventus Ltd enters
of its fee from each client’s Account. The          into a performance or incentive fee
statement from the custodian bank will reflect      arrangements, it will do so in accordance with
all amounts disbursed from the Account,             Section 205(a)(1) of the Advisers Act and Rule
including the amount of any advisory fee paid       205-3. According to those rules, only clients
to Proventus Ltd.                                   who meet the following requirements may opt
                                                    for the performance based fee scheme: (i)
                                                    clients with at least $1,100,000 under
                                                    management with Proventus Ltd; (ii) clients
                                                    with more than $2,200,000 of net worth,
                                                    excluding the value of the primary residence

February 2026
Proventus AG Vermögensverwaltung, CRD: 167142                                                    4

and certain debt secured by the property; or         strives to equitably allocate investment
(iii) clients who are qualified purchasers under     opportunities among relevant Accounts over
Section 2(a)(51) of the Investment Advisors Act      time. In addition, investment decisions for
of 1940, as amended (which generally is              each Account are made with specific
defined to include only individuals, companies       reference to the individual needs and
or trusts with more than $5,000,000 in               objectives of the Account.          Accordingly,
investments). Proventus Ltd potentially can          Proventus Ltd may give advice or exercise
receive higher fees with a performance based         investment responsibility or take other actions
compensation structure than from those               for some clients (including related persons) that
accounts that pay the asset based fee                may differ from the advice given, or the timing
schedule described above. To minimize this           and nature of actions taken, for other clients.
conflict, Proventus Ltd generally will enter into    Investment results for different Accounts,
a performance fee arrangement upon the               including Accounts that are generally
request of a client or in the case of specific       managed in a similar style, also may differ as a
investment         performance        objectives.    result of these considerations. Some clients
                                                     may not participate at all in some investments
Side-by-Side Management                              in which other clients participate, or may
                                                     participate to a different degree or at a
Proventus Ltd manages many client Accounts           different time.
and as a result of differences in the fees
charged on various account, Proventus Ltd has
conflicts   related    to  such    side-by-side      Item 7. Types of Clients
...