Smithbridge Asset Management Inc

Item 5. Fees and Compensation
Smithbridge is compensated for our advisory services by clients paying a fee based on a percentage
of assets under management. Management fees are negotiable and may vary depending on
individual client circumstances. Clients are invoiced quarterly, based on the market value of their
assets under management, as of the end of the previous quarter. Clients may be billed in advance
or quarterly in arrears depending on their original contract. Previous clients of Morris Capital
Advisors, LLC (Morris) are generally billed in arrears. Clients will receive a quarterly statement from
their custodian showing the deduction of the management fees.

Smithbridge typically charges fees on a tiered schedule, and it is generally our practice to aggregate
individual client accounts for the purpose of fee calculation if total assets exceed one million dollars.
For example, if a client has both a retirement account and an individual non-qualified investment
account, we will combine the two for billing purposes. Our standard fee schedule starts at one percent
(1.00%) for he first one million dollars of assets under management and is charged according to the
following schedule:

     Assets Under Management                                         Fee

     First $1,000,000                                                 1.00%
     Second $1,000,000                                                0.75%
     Next $3,000,000                                                  0.60%
     Over $5,000,000                                              Negotiable

Smithbridge purchased the assets of Morris as of December 31 2021. Fees charged to Morris’s clients
may differ from other Smithbridge clients based on their original contract. Clients previously managed
by Morris are typically charged fees in arrears. Smithbridge fees also differ based on the individual
strategy the client’s assets are invested in as well as the total assets in the account. Former Morris fees
are based on the following schedule:

                       INVESTMENT SUPERVISORY SERVICES ("ISS")
                       INDIVIDUAL PORTFOLIO MANAGEMENT FEES

The annualized fee for Investment Supervisory Services is typically charged as a percentage of
assets under management, according to the following schedule:

         For portfolios invested in individual equity securities:
                1.250% annually on assets up to $250,000
                1.125% annually on assets from $250,000 to $500,000
                1.000% annually on assets over $500,000.

         For portfolios invested in the Diversified Income Strategy of mutual funds, ETF’s,
           REITs, and MLP’s:
                0.25% annually on assets under management.

         For portfolios invested in individual bonds, or mutual funds:
                0.625% annually on assets under management.

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                          MODEL PORTFOLIO MANAGEMENT FEES

Our annual fees for Model Portfolio Management Services are based upon a percentage of assets
under management and generally range from 0.25% to 0.75%, contingent upon the model portfolio
strategy and the offering investment platform.

Individual clients are invoiced in arrears at the end of each calendar quarter based upon the value
(market value or fair market value in the absence of market value, plus any credit balance or minus
any debit balance), of the client's account at the end of the previous quarter. Fees on accounts managed
for periods of less than a full quarter will be prorated based on the actual number of days managed.

                     MUTUAL FUND PORTFOLIO MANAGEMENT FEES

Smithbridge Asset Management charges an asset-based fee for this service. The fee arrangement,
termination, and refund policies are described in the Mutual Fund's prospectus and Statement of
Additional Information ("SAI").

Portfolio management clients of our firm who also invest in mutual funds offered through Manor
Investment Funds, Inc. will pay only those fees charged to investors by the Mutual Fund, i.e., the
value of the client's investment in the Mutual Fund is excluded from our quarterly portfolio
management fee calculation.

General Information

While it is the general policy of Smithbridge to charge fee to its clients in accordance with the fee
schedules stated above, all fees are subject to negotiation and may differ from the stated schedule due
to specific client circumstances or factors specific to an individual account. For example, fees may
differ from the stated schedule because of length of relationship, complexity of the client, additional
fees charged to the account by outside parties, anticipated changes in amounts managed for the client,
employee related accounts, specific account investment restrictions or investment strategy, changing
market conditions or other reasons related to individual accounts.

Clients are also advised that certain securities held in their portfolios may have their own internal
charges which are in addition to the management fee charged by Smithbridge. Examples of securities
with internal expenses are mutual funds, closed end mutual funds, ETFs, and Real Estate Investment
Trusts (REITs). Also, custodians such as banks and brokerage firms, may charge fees for their services.
Costs for these services will also be in addition to Smithbridge’s management fee and will be charged
by the custodian in accordance with the agreements between the client and the custodian.

Clients participating in separately managed account and wrap fee programs may be charged various
program fees in addition to the advisory fee charged by our firm. Such fees may include the
investment advisory fees of the independent advisers, which may be charged as part of a wrap fee
arrangement. In a wrap fee arrangement, clients pay a single fee for advisory, brokerage and
custodial services.
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Item 7. Types of Clients
Smithbridge has experience in managing accounts for individuals (both high net worth and non-high
net worth, retirement plans, state or municipal government agencies, corporate assets, investment
companies (including mutual funds) charitable organizations, foundations, and endowments. While
we have no set minimum account size, the size of the account may determine the type of securities
held in that account.