Unison Advisors LLC

Item 5          Fees and Compensation

Fees for investment management services are calculated as a percentage of assets under management.
The annual management fee is as follows:

          Assets Invested                   Fee on Annual Basis

          Up to $1,000,000                  0.75%

          $1,000,000 and up                 0.55%

Fees may be negotiable in certain circumstances and arrangements with any particular client may vary.
In some cases, the fees charged may be greater than fees charged by other investment advisors for similar
services; in other cases, fees may be lower. Advisory fees are billed in arrears on a quarterly basis,
generally based on the average daily value of the account during the previous quarter unless otherwise
agreed with the client (i.e., fees billed on April 1 will be based on the average daily balance during the
preceding January, February and March).

You may provide authorization for us to deduct our fees directly from your investment account. Important
information about the deduction of management fees:

    •    You provide authorization for us to deduct fees when you sign our contract.

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    •    You will receive a statement from your custodian that shows your holdings and account
         transactions, including the amount deducted for our fees.

    •    You are responsible for reviewing the accuracy of the fees being billed, as the custodian will not
         do so.

You may end our advisory relationship at any time by providing us with written notice. We will prorate
the advisory fees earned through the termination date.

In addition to our advisory fee given above, you are responsible for paying fees associated with investing
for your account. These fees include:

    •    Management fees for mutual funds and exchange traded funds (ETFs). These are fees charged by
         the managers of the mutual fund or ETF and are a portion of the expenses of the mutual fund or
         ETF.

    •    Brokerage costs and transaction fees for any securities trades. These are generally charged by
         your custodian and/or executing broker. Please see Item 12 below for a detailed description of
         our brokerage practices.

In Illinois, unless a client has received the firm’s disclosure brochure at least 48 hours prior to signing the
investment advisory contract, the investment advisory contract may be terminated by the client within
five (5) business days of signing the contract without incurring any advisory fees.

The annual management fee for subadvisory investment management is 0.55%. Fees may be negotiable
in certain limited circumstances and arrangements with any particular primary advisor may vary. In some
cases, the fees charged may be greater than fees charged by other subadvisors for similar services; in
other cases, fees may be lower. Subadvisory clients generally pay two advisory fees – one fee to us and
another fee to the primary advisor. If you were to engage Unison directly rather than through the primary
advisor, you may or may not pay a lower advisory fee, depending on the advisory fee charged by the
primary advisor.

Item 7           Types of Clients

Our clients include individuals, high net worth individuals, trusts, charitable organizations and financial
advisors. We generally require that clients maintain at least $25,000 under management with us, but we
may waive that minimum at our sole discretion.

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