Ramsey Quantitative Systems Inc

Item 5: Fees and Compensation

             RQSI deducts its management fees (“Management Fee”) generally from the GAA Fund and DAY
             Fund monthly in arrears in such amounts as are set forth in the Governing Documents of the GAA
             Fund and DAY Fund. RQSI is entitled to receive performance-based allocations (“Performance
             Allocation”) from the GAA Fund on a quarterly basis in arrears and upon withdrawals by investors
             in the GAA Fund, subject to a “high-water mark”. For a further discussion of the Performance
             Allocation (also referred to as performance fees) and the “high-water mark”, please see Item 6.
             RQSI does currently not have a Performance Allocation directly payable to RQSI associated with
             the DAY Fund.

Ramsey Quantitative Systems, Inc. Part 2A of ADV Brochure – March 2026

             RQSI, in its discretion, may waive, reduce or rebate the Management Fees and/or Performance
             Allocations with respect to the investment of an investor, including its employees, owners,
             affiliates and/or one or more investors.

             RQSI generally receives a management fee (the “MA Management Fee”) for the advisory services
             performed on behalf of each Managed Account client. The MA Management Fee rates are
             generally between 0.5 to 1.0% per annum, as negotiated with the Managed Account client, and are
             calculated based on the net assets under management in each respective Managed Account. Under
             certain circumstances, RQSI also receives a quarterly or an annual performance-based fee (the
             “MA Incentive Fees”) in an amount generally ranging from 0.0% to 20.0% of the increase in the
             value of each Managed Account. MA Incentive Fees typically are subject to a high watermark.
             The MA Management Fee and MA Incentive Fees are expected to be paid by the applicable
             Managed Account promptly after they are determined.

             RQSI may incur management fees and performance fees as part of specific GAA Fund share
             classes or the DAY Fund that are advised with trading conducted by Sub Managers. In that case,
             the management and/or performance fees will be reflected as part of the net returns of the
             individual manager trading allocations.

             In addition to the fees and allocations described above, the GAA Fund and DAY Fund pay costs
             and expenses related to its investments and its operations, including, without limitation, brokerage
             and other transaction expenses in conducting trading activities on behalf of the GAA Fund and
             DAY Fund, legal, accounting, tax form preparation, consulting, auditing, indemnification
             expenses, compliance and bookkeeping fees and expenses, filing and other regulatory fees and
             expenses, costs of litigation or investigation involving the GAA Fund or DAY Fund activities and
             any extraordinary expenses. To the extent the GAA Fund or the DAY Fund invest in other pooled
             investment vehicles, each private fund will bear its allocable share of the costs and expenses of
             such vehicles, including their organizational, offering and operating costs and expenses and the
             management fees and incentive compensation payable to their portfolio managers.

             Managed Accounts are responsible for the payment of all margins, premiums, commissions and
             other amounts due in connection with transactions effected by RQSI.

             RQSI and its supervised persons do not accept any compensation (e.g., brokerage commissions)
             for the sale of securities or other investment products, including interests in the Funds. In its role
             as Introducing Broker, RQSI may receive additional compensation based on h total trading volume
             associated with accounts where RQSI has an Introducing Broker relationship.

             For more information regarding RQSI’s brokerage practices and brokerage expenses discussed
             herein, please see Item 12.

Item 7: Types of Clients

             Investors in the GAA Fund, the DAY Fund and/or owners of Managed Accounts may include, but
             are not limited to, high net worth individuals, family offices, endowments, foundations, trusts,
             charitable organizations, pension plans, and corporate or business entities.

Ramsey Quantitative Systems, Inc. Part 2A of ADV Brochure – March 2026

             Details concerning applicable investor suitability criteria are set forth in the respective Fund’s
             Governing Documents. The minimum commitment for an investor is outlined in the applicable
             Fund’s Governing Documents, including the discretion of RQSI and its affiliates to accept less
             than the minimum investment threshold. Each investor is required to meet certain suitability
             qualifications and to notify RQSI if there is a material change in any of these qualifications.