Stephens Group Asset Management LLC

Item 5. Fees and Compensation
      Investment Management Fees

      SGAM offers investment management services for an annual fee based on the amount of assets under the
      Firm’s management. This management fee varies in accordance with the following blended fee schedule:

      Fixed Income Strategy

                                 PORTFOLIO VALUE                       BASE FEE
                                   Up to $50,000,000                      0.20%
                                   Above $50,000,000               Price Upon Request

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 Disclosure Brochure                                 Stephens Group Asset Management, LLC

      ETF Model Strategy Fees

                                  PORTFOLIO VALUE                       BASE FEE
                                    First $2,000,000                       0.60%
                                    Next $3,000,000                        0.50%
                                    Next $5,000,000                        0.40%
                                    Next $10,000,000                       0.30%
                                    Next $10,000,000                       0.15%
                                    Next $10,000,000                       0.10%
                                    Next $10,000,000                       0.08%
                                    Next $50,000,000                       0.06%
                                   Above $100,000,000               Price Upon Request

      The above fee schedule also applies to Pooled ERISA Plans and Participant Account Investment
      Management Services.

      The annual fee is prorated and charged quarterly, in arrears, based upon the market value of the average
      month-end account balance of the assets being managed by SGAM during such quarter as determined by a
      party independent from the Firm (including the client’s custodian or another third-party). If assets are
      deposited into or withdrawn from an account after the inception of a billing period, the fee payable with
      respect to such assets is not adjusted to reflect the interim change in portfolio value.

      For the initial period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory
      agreement is terminated, the fee for the final billing period is prorated through the effective date of the
      termination and the outstanding or unearned portion of the fee is charged or refunded to the client, as
      appropriate. The valuation upon termination is determined by the month end average valuations for any
      month end during that period. For example, if the termination occurs 75 days into a quarter, the Firm uses
      the average month end value for the two full months during the period and then uses the number of days
      that the assets were managed to determine the pro rata fee. If the termination is during the first month of
      that quarter, then the termination date valuation is used.

      Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
      held-away assets, accommodation accounts, alternative investments, etc.), SGAM may negotiate a fee rate
      that differs from the range set forth above. The Firm includes cash in a clients account in determining the
      valuation for billing purposes. The Firm may, in its sole discretion, not include cash in determining the fee,
      especially where a client has a high percentage of cash for reasons other than the Firm's investment
      management decision. Clients are advised that a conflict of interest exists for the Firm to recommend that
      clients engage SGAM for additional services for compensation, including rolling over retirement accounts
      or moving other assets to the Firm’s management. Clients retain absolute discretion over all decisions
      regarding engaging the Firm and are under no obligation to act upon any of the recommendations.

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 Disclosure Brochure                                Stephens Group Asset Management, LLC

      Fees for Consulting Services to Plan Sponsors

      For consulting services provided by SGAM to employer plan sponsors of participant-directed defined
      contribution plans, SGAM charges an hourly rate of $100. The employer plan sponsor is obligated to pay
      this fee. This fee may not be paid by the plan.

      Fees for Services to ERISA Plans

      SGAM is a fiduciary under ERISA and the Internal Revenue Code (the “IRC”) in providing investment
      management and advisory services to ERISA Plan Clients (described in Item 4). As such, SGAM is subject
      to specific duties and obligations under ERISA and the IRC that include, among other things, restrictions
      concerning certain forms of compensation. To avoid engaging in prohibited transactions, SGAM may only
      charge fees for investment advice about products for which SGAM and/or its affiliates do not receive any
      commission, 12b-1 fees or other compensation.

      The annual fee for SGAM’s investment management and advisory services to ERISA Plan Clients is set
      forth in the investment management or advisory agreement and is based upon a percentage (%) of included
      plan assets as reported by the plan custodian or record-keeper. Except as set forth above with respect to
      Pooled ERISA Plans and Participant Account Investment Management Services, the default percentage is
      .75%. Included plan assets are the plan assets for which SGAM provides services as described in the
      investment advisory or management agreement. The annual fee for ERISA Plan Client services (other than
...

Item 7. Types of Clients
      SGAM offers services to individuals, retirement accounts, ERISA Plan Clients, trusts, estates, charitable
      organizations, corporations and business entities.