Suncoast Equity Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees
SEM’s fee ranges up to 1% of total assets under management per year.

This fee is negotiable depending upon the needs of the client and complexity of the
situation, and the final fee schedule can be found in the Investment Advisory Contract.
Fees are paid quarterly in advance with the fee being based on the Account(s) asset value
on the last business day of the previous calendar quarter. Advisory fees are withdrawn
directly from the client’s accounts with client written authorization.

Refunds are given on a prorated basis, based on the number of days remaining in a quarter
at the point of termination. Fees that are collected in advance will be refunded based on
the prorated amount of work completed up to the day of termination within the quarter
terminated. The fee refunded will be the balance of the fees collected in advance minus
the daily rate* times the number of days in the quarter up to and including the day of
termination. (*The daily rate is calculated by dividing the quarterly AUM fee by the
number of days in the termination quarter). Clients may terminate their contracts without
penalty, for full refund, within 5 business days of signing the advisory contract.

Sub-Advisory services to ETFs

SEM’s fee ranges up to 0.60% for assets being managed in a sub-advisory relationship.

B. Payment of Fees

Payment of Investment Supervisory Fees

Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. Fees are paid quarterly in advance.

Advisory fees may also be invoiced and billed directly to the client with payments due
quarterly. Clients may select the method in which they are billed.

Financial Planning Fees

Financial planning services are offered as a courtesy to clients who have accounts with
SEM. This service is not offered on a stand-alone basis.

       Clients may terminate the SEM Investment Advisory Agreement without penalty at any
       time upon written notice. SEM will refund clients any unearned portion of the fee that has
       been collected.

       ETF Sub-Advisory Fees

       Advisory fees are withdrawn directly from the fund with written authorization. Advisory
       fees charged to the fund are explained in related fund documents. Sub-advisory fees paid
       to SEM are paid monthly in arrears.

      C. Clients Are Responsible For Third Party Fees

       Clients are responsible for the payment of all third party fees (i.e. custodian fees,
       brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
       distinct from the fees and expenses charged by SEM. Please see Item 12 of this brochure
       regarding broker/custodian.

      D. Prepayment of Fees

       SEM collects fees in advance. Fees that are collected in advance will be refunded based on
       the prorated amount of work completed at the point of termination and the total days
       during the billing period. Fees will be returned to the client via check or deposited back
       into client’s account.

       The fee refunded will be the balance of the fees collected in advance minus the daily
       rate* times the number of days in the quarter up to and including the day of termination.
       (*The daily rate is calculated by dividing the quarterly AUM fee by the number of days in
       the termination quarter).

      E. Outside Compensation For the Sale of Securities to Clients

       Neither SEM nor its supervised persons accept any compensation for the sale of securities
       or other investment products, including asset-based sales charges or services fees from
       the sale of mutual funds.

Item 7: Types of Clients

SEM generally provides management supervisory services to the following types of clients:

           Individuals
           High-Net-Worth Individuals
           Pension and Profit Sharing Plans
           Trusts and Estates
           Corporations or Business Entities
           Exchange-Traded Funds
           Other Investment Advisers

Minimum Account Size

There is an account minimum, $250,000, which may be waived by the investment advisor, based
on the needs of the client and the complexity of the situation.