Unfcu Advisors LLC

Item 5. Fees and Compensation

       Currently, UNFCU Advisors charges a nominal flat fee to the one client to whom it renders discretionary
       investment management services. The flat fee is charged annually in advance and is paid directly and not
       deducted from the custodial account where the client’s assets are managed. If the investment management

A United Nations Federal Credit Union owned company

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       agreement is terminated on a date other than the end of a calendar year, a prorated amount of fees paid in
       advance will be refunded to the client.

       Nonetheless, in connection with UNFCU Advisors’ advisory services, clients incur certain charges imposed
       by other third parties, such as Independent Managers, broker-dealers, custodians, trust companies, banks, and
       other financial institutions (collectively “Financial Institutions”). These fees and expenses could include
       brokerage commissions and other transaction costs, mark-ups and mark-downs on fixed-income transactions,
       fees charged by Independent Managers, fees charged by asset management platform providers, custodial
       fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
       other fees and taxes on brokerage accounts and securities transactions.

       Clients may make additions to and withdrawals from their accounts at any time, subject to UNFCU
       Advisors’ right to terminate an account. Clients may withdraw account assets on notice to UNFCU
       Advisors, subject to the usual and customary securities settlement procedures. However, UNFCU Advisors
       designs its portfolios as long-term investments and the withdrawal of assets may impair the achievement of
       a client’s investment objectives. UNFCU Advisors consult with its clients about the options and
       ramifications of transferring securities as necessary. However, clients are advised that when transferred
       securities are liquidated, they are subject to transaction fees, fees assessed at the mutual fund level (i.e.
       contingent deferred sales charges) and/or tax ramifications.

Item 7. Types of Clients

       UNFCU Advisors provides its services to a single federal credit union client.

       Minimum Account Size and Minimum Annual Fee

A United Nations Federal Credit Union owned company

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       UNFCU Advisors does not currently impose a minimum portfolio size or minimum fee to manage accounts.