Typhon Advisors LLC

Item 5: Fees and Compensation

comparable mutual fund with a more favorable return to investors is available that does not
include the payment of any 12b-1 or revenue sharing fees given the client’s individual needs
and priorities and anticipated transaction costs. In addition, the receipt of such fees can create
conflicts of interest in instances where the custodian receives the entirety of the 12b-1 and/or
revenue sharing fees and takes the receipt of such fees into consideration in terms of benefits it
may elect to provide to the firm, even though such benefits may or may not benefit some or all
of the firm’s clients.

Item 7: Types of Clients
Typhon Advisors offers its investment services to various types of clients including high-net-
worth individuals, trusts, corporations, partnerships, and other legal entities.
Typhon Advisors generally requires a minimum account size of $1,000,000. Typhon Advisors, in
its sole discretion, may waive the required minimum.
Sub-advisers may also have minimum account requirements, which will be disclosed in the sub-
advisers’ separate disclosure documents.