Timber Point Capital Management LLC

Item 5 FEES AND COMPENSATION

Advisory Fees

Timber Point is compensated pursuant to investment management, sub-advisory, and model portfolio agreements.
Compensation is generally asset-based and negotiated on a case-by-case basis depending on the scope of services
provided.

Timber Point receives compensation from Fortis Capital Advisors, LLC and from other investment advisers pursuant
to sub-advisory or model portfolio arrangements, derived from the advisory fees such advisers charge their clients.

Sub‐Advisory Fees

Timber Point’s compensation pursuant to sub-advisory arrangements is typically an asset-based fee calculated as a
percentage of the assets managed by Timber Point under the applicable agreement. Fees are negotiated on a case-
by-case basis and may vary depending on the nature of the services provided, the investment strategy employed, the
level of discretion, and the size and complexity of the mandate.

Model Portfolio Fees

Timber Point’s compensation pursuant to model portfolio arrangements is typically an asset-based fee calculated on
the assets managed pursuant to Timber Point’s model portfolios within the applicable program. Fees are negotiated
on a case-by-case basis and may vary based on the scope of services, program structure, and responsibilities
allocated among the parties.

Registered Investment Companies

Timber Point serves as investment adviser to one or more registered investment companies and other pooled
investment vehicles. The fees payable to Timber Point for managing such funds are set forth in the applicable fund
prospectus or offering documents and are separate from, and in addition to, any advisory fees paid by clients for
separate account, sub-advisory, or model portfolio services.

To the extent a client account is invested in a registered investment company or other pooled investment vehicle
managed by Timber Point, the client will indirectly bear its proportionate share of the management fees and other
expenses of the fund, in addition to any advisory fees paid for services provided to the account. This results in the
client paying more than one level of fees.

Timber Point seeks to mitigate this potential conflict by, in certain circumstances and pursuant to the applicable
advisory agreement, excluding assets invested in Timber Point-managed funds from the calculation of advisory fees
charged on such assets, or by otherwise disclosing and managing the conflict in a manner consistent with its fiduciary
obligations.

Clients are not required to invest in Timber Point-managed funds and may invest in such funds outside of an advisory
relationship.