Stevard LLC

Item 5: Fees and Compensation

clients. Such fees and expenses are described in each exchange-traded fund and mutual fund’s
prospectus, each separate account manager’s Form ADV and Brochure and Brochure
Supplement or similar disclosure statement, each private placement or pooled investment
vehicle’s confidential offering memoranda, and by any broker-dealer or custodian retained by
the client. Clients are advised to read these materials carefully before investing. If a mutual fund
also imposes sales charges, a client may pay an initial or deferred sales charge as further
described in the mutual fund’s prospectus. A client using Stevard may be precluded from using
certain mutual funds or separate account managers because they may not be offered by the
client's custodian.
Please refer to the Brokerage Practices section (Item 12) for additional information regarding the
firm’s brokerage practices.

D. Prepayment of Client Fees
Stevard may require fees to be prepaid for special engagements. Stevard’s fees will either be
paid directly by the client or disbursed to Stevard by the qualified custodian of the client’s
investment accounts, pursuant to prior written consent of the client. The custodian will deliver
directly to the client an account statement, at least quarterly, showing all investment and
transaction activity for the period, including fee disbursements from the account.
A client investment advisory agreement may be canceled by either party with 30 days’ prior
written notice. Upon termination, any unearned, prepaid fees will be promptly refunded.

E. External Compensation for the Sale of Securities to Clients
Stevard advisory professionals are compensated solely through a salary and bonus structure.
Stevard is not paid any sales, service or administrative fees for the sale of mutual funds or any
other investment products with respect to managed advisory assets.

                             Part 2A of Form ADV: Stevard LLC Brochure

Item 7: Types of Clients
Stevard provides discretionary and nondiscretionary investment advisory services to individuals
(including high net worth individuals), trusts, foundations, corporations and other entities.

                            Part 2A of Form ADV: Stevard LLC Brochure