Taiber Kosmala & Associates LLC

Item 5. Fees and Compensation
Combined Services:
Investment Policy and Strategy, Investment Manager Search and Ongoing Performance
Evaluation services may be combined for an annual fee ranging from 0.05% to 1.00% of the
client’s advised assets. An exact fee will be determined for each client based on the size, nature
and complexity of the client’s account. Fees will be billed quarterly, in advance or arrears, based
on the market value of the advised assets, or other such stated fee arrangement. New accounts
will be billed on a pro-rata basis.
Investment Policy and Strategy: This service is available for a fee generally ranging from
$10,000 to $30,000. An exact fee will be determined for each client based on the size, nature
and complexity of the client's account. Fees will be due and payable upon completion of the
project.
Investment Manager Search: This service is available for a fee ranging generally from $10,000
to $30,000 per manager search. An exact fee will be determined for each client based on the
size, nature and complexity of the client's account. Fees will be due and payable upon
completion of the project.

GENERAL INFORMATION ON FEES:
In certain circumstances, all fees and account minimums may be negotiable. The fee charged is
calculated as described above and is not charged on the basis of a share of capital gains upon or
capital appreciation of the funds or any portion of the funds of an advisory client (SEC Rule
205(a)(l)).
In addition to TKA’s consulting fees, clients bear investment manager expenses, trading costs,
fund administration, and custodial fees.
Because third-party managers charge asset-based fees for assets under their management,
TKA clients pay management fees more than once on the same assets if TKA is providing
investment policy and strategy, investment advisory or other services.
A client agreement may be canceled at any time, by either party, for any reason upon receipt of
30 days written notice. Upon termination of any account, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable. The client has the
right to terminate an agreement without penalty within five business days after entering into
the agreement.
All fees paid to TKA for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds to their shareholders. These fees and expenses are
described in each fund's prospectus. These fees will generally include a management fee,
other fund expenses, and an occasionally a marketing/distribution fee. A client could invest in
a mutual fund directly, without the services of TKA. In that case, the client would not receive
the services provided by TKA which are designed, among other things, to assist the client in

determining which mutual fund or funds are most appropriate to each client’s financial
condition and objectives.

Item 7. Types of Clients
TKA primarily provides customized investment management services to individuals and
associated trusts, foundations, endowments, banks or thrift institutions, pension and profit
sharing plans, and other corporations or business entities.
A minimum account of $5,000,000 and a minimum annual fee of $25,000 are typically required
for investment supervisory services; however, in certain circumstances the minimum sums may
be negotiable.