SGL Investment Advisors Inc

Item 5 FEES AND COMPENSATION

Annual fees are calculated and charged quarterly in advance and deducted directly from the account.
SGLIA's annual fee consists of the internal management fee, and advisory fee. New accounts are prorated
from the time of funding to the end of the first quarter of services. Upon termination, accounts are prorated and
refunded for the remainder of the days left in the quarter. Mid-quarter contributions and/or withdrawals in
amounts of $25,000 or more will be prorated.

Internal management fees are assessed to cover costs of trading, portfolio management services, and other
expenses. Management fees for Private Client Portfolios with assets under $5 million are .70%, portfolios between

September 26, 2025

$5 million and $7.5 million are .50%, and portfolios with assets above $7.5 million are negotiable. Annual fees for
Strategic Income Portfolios are .375%. Annual fees for Non-Profit Portfolios are .50%. Annual fees for Intelligent
Institutional Portfolios are .50%.

Private Client Portfolios:

Designed for clients whose primary objective is growth, total return, or capital preservation. Accounts are actively
managed according to the risk profile indicated on their advisory agreement. Annual fees are charged as a
percentage of assets under management and are not stratified. Minimum investments vary by model for
diversification purposes. We typically require a minimum of $250,000 for Growth & Income, Growth 50, SGL
Stewardship, Capital Preservation, Total Return, and Total Return Plus portfolios. Exceptions will be made on a
case- by-case basis.

  Assets Under Management               Advisory Fee
  Up to $500K                           .80%
  $500K to $1 million                   .75%
  $1 million to $1.5 million            .70%
  $1.5 million to $2 million            .65%
  $2 million to $2.5 million            .60%
  $2.5 million to $5 million            .55%
  $5 million to $7.5 million            .50%
  Over $7.5 million                     Negotiable

For example, if you were to invest $250,000 in the Growth and Income portfolio, your annual fee would consist of
the .70% management fee and .80% advisory fee, totaling your annual fee to 1.5%

Strategic Income Portfolio:

Designed for clients with a primary objective of income. Accounts are actively managed, but turnover may be lower
than that in a Private Client Services portfolio. Annual fees are charged as a percentage of assets under
management and are not stratified. We typically require a minimum of $250,000. Exceptions will be made on a
case-by-case basis.

  Assets Under Management               Advisory Fee
  Up to $1 million                      .375%
  $1 million to $2.5 million            .35%
  $2.5 million to $5 million            .325%
  $5 million to $7.5 million            .30%
  $7.5 million to $10 million           .275%
  $10 million to $25 million            .25%
  Over 25 million                       Negotiable

For example, if you were to invest $250,000 in the Strategic Income portfolio, your annual fee would consist of the
.375% management fee and the .375% advisory fee totaling your annual fee to .75%.

September 26, 2025

Non-Profit Portfolios:

Designed strictly for non-profit organizations. Annual fees are charged as a percentage of assets under
management and are not stratified. Minimum requirements apply as outlined in the Private Client Portfolios based
on the model that is selected.

  Assets Under Management        Advisory Fee
  0 – $1 million                 .50%
  $1 million to $2.5 million     .25%
  $2.5 million to $5 million     .20%
  $5 million to $10 million      .17%
  Over $10 million               Negotiable

For example, if you were to invest $250,000 in the Total Return portfolio, your annual fee would consist of the
.50% management fee and .50% advisory fee, totaling your annual fee to 1%.

Managed ETF Portfolios:

Designed for the turn-key investor. Annual fees are charged as a percentage of assets under management and are
not stratified. A minimum investment of $5,000 is required.

Assets Under Management         Advisory Fee
Up to $1 million                .50%
$1 million to $2.5 million      .45%
$2.5 million to $5 million      .40%
Over $5 million Negotiable

For example, if you were to invest $5,000 in the Managed ETF Portfolios, your annual fee would consist of the .50%
management fee and .50% advisory fee, totaling your annual fee to 1%. The Managed ETF Portfolios are invested in
ETFs which bear ongoing costs you pay indirectly because they are factored into the cost of the investment and are
in addition to your advisory fee. These fees vary based on the selected ETFs in the portfolio.

GENERAL INFORMATION

Limited Negotiability of Advisory Fees: Although SGLIA has established the fee schedules, we retain the discretion
to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs are considered in
determining the fee schedule. These include the complexity of the client, assets to be placed under management,
anticipated future additional assets; related accounts; portfolio style, account composition, reports, among other
factors. The specific annual fee schedule is identified in the contract between the adviser and each client.

We may group certain related client accounts for the purposes of determining the annualized fee.
Discounts, not generally available to our advisory clients, may be offered to family members of associated persons
of our firm.

September 26, 2025

Termination of the Advisory Relationship: A client may terminate their agreement within five days of execution
without penalty. After that, the agreement may be terminated at any time by either party. Upon termination,
unearned fees will be refunded on a pro-rated basis. The agreement may be canceled for any reason upon receipt
of written notice. As disclosed above, certain fees are paid in advance of services provided. Upon termination of
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Item 7 TYPES OF CLIENTS

SGL Managed Portfolios are available to individuals, trusts, retirement plans, high net-worth individuals, charitable
organizations, municipalities, and corporations. The Managed ETF Portfolios program is available to individual
investors, including trusts.