The Hoerner Planning Group LLC

ITEM 5 - FEES AND COMPENSATION

The following section describes how we are compensated for the investment advisor services and financial
planning and consulting services that we provide to our clients,

Investment Management Services. Under our investment management agreements, we generally charge
a management fee at a specified annual percentage rate of each portfolio’s assets under management as
described below:

Account Value                                      Annual Fee
up to $2,000,000                                    0.70%
above $2,000,000                                   Negotiable

Unless we agree otherwise, our investment management agreement generally provides that you must pay
management fees to us quarterly in advance. Our investment management agreements typically may be
terminated at any time by either party upon written notice to the other party. If your investment
management agreement is terminated prior to the end of a calendar quarter, we will calculate and refund
to you any unearned management fees paid in advance, prorated to the date of termination.

Financial Planning Services. We charge a fixed fee for comprehensive financial planning and consulting
services (which may include non-investment related matters). Our financial planning and consulting fees
are negotiable, but generally range from $10,000 to $150,000 on a fixed fee basis depending upon the level
and scope of the services and the HPG professional rendering the financial planning and/or the consulting
services. We may negotiate a lesser management fee based upon certain criteria, such as the complexity
of the client’s overall financial planning situation, the dollar amount of assets to be managed, other related
accounts and a pre-existing client relationship. Either party may terminate the agreement by written notice
to the other.

In certain circumstances, we may also provide a combination of financial planning and consulting services
and investment management services for a fixed fee.

Private Partnerships. For private partnerships in your account, our investment management fee will be
based on the value of the private partnership as determined by the most recently available partners’ capital
account statement, adjusted for any distributions and capital contributions made during the period. This
account statement is prepared by the Independent Manager. HPG does not receive additional
compensation on private placement securities.

Other Fees and Expenses

You will be responsible for paying other fees and expenses related to your portfolio in addition to the
investment management fees you pay to us. For example, you will be responsible for paying fees charged
directly by Independent Managers (as disclosed in offering memorandum), custodial fees, wire transfer
fees, transaction fees, and other fees and expenses to your custodian. In addition, you will be responsible
for paying commissions, fees, expenses, and other transaction costs charged by your custodian and/or the
brokers used to execute securities transactions for your portfolio, including, without limitation,
transactions in shares of the mutual funds, money market funds and/or exchange-traded funds. Item 12 –
Brokerage Practices of this brochure contains additional information regarding our brokerage practices
and the commissions, fees, expenses, and other transaction costs that you may be charged. You will also
pay fees and expenses (such as management fees and expenses, distribution fees and expenses,
administrative fees, sub-transfer agency and shareholder servicing fees and expenses, and other operating
expenses) associated with shares of mutual funds, money market funds, and/or exchange-traded funds

held in your portfolio, which are further described in the prospectus and statements of additional
information for these funds.

Payment of Fees. Our investment management agreement and/or the separate agreement with your
custodian may authorize us to debit your account for the amount of our investment management fee and
to directly remit that fee to us in accordance with applicable custody rules. Each custodian will send a
statement to you, at least quarterly, indicating all amounts disbursed from the account including the
amount of management fees paid directly to us.

For investment management accounts, you may make additions to and withdrawals from the account at
any time, subject to our right to terminate an account. If assets are deposited into or withdrawn from an
account after the inception of a quarter, the fee payable with respect to such assets will not be adjusted or
prorated based on the number of days remaining in the quarter. You may withdraw account assets on
notice to us, subject to the usual and customary securities settlement procedures. HPG designs its accounts
as long-term investments and asset withdrawals may impair the achievement of your investment
objectives.

Additions may be in cash or in securities, however, we reserve the right to liquidate any transferred
securities, or decline to accept particular securities into a client’s account. We may consult with you about
the options and ramifications of transferring securities. You are advised that when transferred securities
are liquidated, they are subject to transaction fees and fees assessed at the mutual fund level (i.e.,
contingent deferred sales charge) and the sales may result in you paying capital gains taxes.

We do not accept compensation for the sale of securities or other investment products, including asset-
based charges or service fees from the sale of mutual funds.

ITEM 7 - TYPES OF CLIENTS
We provide comprehensive wealth advisory services to affluent individuals and their related entities,
including trusts, estates, charitable organizations, corporations and other business entities, foundations,
endowments, pension and profit-sharing plans. We do not impose minimum requirements for opening and
maintaining an account.

Certain Independent Manager(s) may impose account minimum requirements and maintain billing
procedures that vary from those of HPG. In such instances we may modify our account requirements
and/or billing practices to accommodate those of the Independent Manager(s).