Sierra Investment Partners Inc

Item 5 - Fees and Compensation

Sierra provides investment management services through its sub-advisors for a fee. Fees include all fees
to Sierra and its sub-advisors. Sierra’s fees do not include brokerage commissions, transaction fees, and
other related costs and expenses that may be applicable to certain transactions. Clients may incur charges
imposed by custodians, third party investment companies and other third parties including: fees charged
by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Some
investments also charge internal management fees, which may include, but are not limited to, a
management fee, upfront sales charges, and other expenses. Sierra does not receive any compensation
from these fees. All of these fees are in addition to the management fee the Client pays to Sierra. Clients
should review all fees charged to fully understand the total amount they will pay.

Sierra’s Investment Management Agreements define what fees are charged by Sierra and their frequency.
Sierra bills fees either in advance or in arrears, on a quarterly basis, per the Client’s instructions. The Client
will pay management fees directly to Sierra upon receipt of Sierra’s invoice. Management fees are
prorated for each contribution and withdrawal made during the applicable calendar quarter (with the
exception of small inconsequential contributions and withdrawals).

The Investment Management Agreement will remain in force until terminated by either party with written
notice to the other. The Client’s Investment Management Agreement will specify the exact termination
requirements. The termination of an Investment Management Agreement shall not affect any obligation
or liability on the Client’s part for any transaction entered into or obligation on the Client’s behalf prior to
the termination.

Sierra Investment Partners, Inc.        ADV Part 2A                March 2026                        Page 16 of 67

Investment Management Fee Schedule
The fee charged is based on the ending balance of the account under management for the preceding
quarter. Payments are due and will be assessed on the first day of each quarter, for services which will be
provided for the following quarter (in advance) or if requested by the Client, for services which were
provided for the preceding quarter (in arrears), in an amount that is shown on Exhibit “B” which is
attached to the Client’s Investment Management Agreement. The fee is calculated based upon the
schedules for each designated product as determined according to Sierra’s Form ADV and the Investment
Management Agreement for each Client. The fees shown are annual fees. The Client will be billed one
quarter of this amount on a quarterly basis. The Client will pay Sierra directly for all fees. No increase in
the annual fee shall be effective without prior written notification to the Client.

If Sierra serves as the investment adviser for less than an entire quarter, compensation will be prorated
and calculated on the market value of the assets in the Account as of the last day of the calendar quarter
immediately preceding the date of termination. If Sierra has served as the adviser for less than one
calendar quarter from the date the Investment Management agreement was signed, then the fee will be
based on the value of the assets at signing. Sierra will reimburse the Client for any services not rendered
for the previously paid quarterly fees. Any fees that are due, but have not been paid, will be billed to the
Client and are due immediately.

Sierra’s minimum domestic individual account size is $3-5 million depending upon the sub-advisor
selected and for global and international investment accounts the minimum is $50 million; however,
under certain circumstances, account minimums may be negotiable. Fees are generally not negotiable
although Sierra may negotiate fees under certain circumstances, which might include the following:
    •     Total fund size
    •     Amount of assets under Sierra’s direct management
     •    Asset allocation
     •    Competitive environment

Sierra believes its advisory fees are reasonable considering the fees charged by other investment advisers
offering similar services/programs; however, similar comparable services may be available at a lower cost.

Sierra Fees by Sub-Advisor and Portfolio
VICTORY CAPITAL MANAGEMENT INC.
Fees are assessed in accordance with the Investment Management Agreement with Sierra under the
terms of the applicable sub-advisory agreement. Sierra will assess annual fees as shown below:

Sierra Investment Partners, Inc.      ADV Part 2A               March 2026                       Page 17 of 67

       Pioneer U.S. Large Cap Growth Equity – $10 million minimum
               Percentage          Portfolio Size (AUM)
                  0.65%            First $25 million
                  0.55%            Next $25 million
                  0.45%            Next $50 million
                  0.40%            Over $100 million

       Pioneer U.S. Large Cap Growth Equity– Deposits under $10 million, minimum of $5 million
                Percentage         Portfolio Size (AUM)
                  0.80%            First $5 million
                  0.70%            Over $5 million

FRANKLIN TEMPLETON®

Franklin Templeton Institutional, LLC
Fees are assessed in accordance with the Investment Management Agreement with Sierra under the
terms of the applicable sub-advisory agreement. Sierra will assess annual fees as shown below:
       EAFE Plus Equity – $50 million minimum
               Percentage          Portfolio Size (AUM)
                  0.70%            First $25 million
                  0.55%            Next $25 million
                  0.50%            Next $50 million
                  0.40%            Next $150 million
...