Titleist Asset Management LLC

Item 5: Fees and Compensation

basis for using one share class over another in accordance with their individual circumstances and
priorities.

                  Part 2A of Form ADV: Titleist Asset Management, LLC Brochure

Item 7: Types of Clients

The types of clients TAM generally provides investment advice to include, but are not limited to,
individuals, high net worth individuals, trusts, estates, corporate retirement plans, charitable
organizations, LLCs, and corporations or businesses.
Minimum account size and/or minimum fee requirements are determined by the financial advisor
engaged for services. Some financial advisors may require a minimum fee of $1,500. For portfolio
values less than $100,000, clients may be able to obtain comparable services at a lower cost
elsewhere. TAM, at its sole discretion, may reduce or waive this minimum requirement.

                  Part 2A of Form ADV: Titleist Asset Management, LLC Brochure