Unison Asset Management LLC

Item 5 – Fees and Compensation

Fees – Separate Managed Accounts
The specific manner in which fees are charged by Adviser is established in each client’s written
agreement with Adviser. At times, management fees may be flat or fixed upon negotiation.
However, generally and pursuant to contract, fees for the management of Accounts will be
based upon a percentage of the total assets in the account (including margined assets). All fees
are negotiable.
The advisory fee can range from 0.45% to 2%, annually, based on the Net Asset Value of the
account, and may be payable daily. Once paid, the Management Fee will be non-refundable.
Fees are deducted automatically by the custodian from customer account daily in arrears. In
the event of a termination of the Agreement as set forth in the Investment Management Fee
shall accrue until the date of termination and shall be payable to the Investment Adviser
promptly thereafter.
Clients pre-authorize their custodians to automatically deduct the fees from the client’s account
and to make payment to Adviser.

Fees – Undertaking for Collective Investment In Transferable Securities (UCITS)
Adviser generally charges an advisory fee between 0.75% and 1.25% of the net asset value
depending by each class type, except for class M shares which are not subject to any fee. The
investment management fee will be accrued daily and payable monthly in arrears.
Fees – Private Funds
Adviser charges an advisory fee ranging from 0.75% to 1.25% of AUM depending on the class
share. The investment management fee will be payable monthly in arrears.
Additional Fee Information
Adviser‘s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses that shall be incurred directly by the client. Clients may incur certain charges
imposed by custodians, brokers, and other third parties such as fees charged by fund managers,
custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic funds fees, and other fees and taxes on brokerage account and securities
transactions. Mutual funds and exchange-traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. It is the Firm’s policy not to accept “kick-backs” or
retrocession fees from any third non-affiliated party providing services to the Firm’s clients.
Expense and Fee Allocation Practices
Unison is implementing formal written compliance and supervisory policies and procedures in
relation to the assessment and allocation of fees and expenses. Unison will ensure that it makes
full and accurate disclosures in fund offering documents regarding its expense and fee
allocation practices. Additionally, Unison will identify conflicts of interest in its expense and fee
allocation practices (e.g. allocation of expenses shared between its funds and the Adviser) as
well as ensure that its overall practices are consistent with client disclosures. Furthermore, the
Adviser’s protocols for expense charging and allocations are reviewed on a regular basis in
order to ensure that expenses and fees charged to client accounts are accurate.

Termination of the Agreement
Although an Agreement between Unison and its clients is an ongoing agreement and constant
adjustments are required, the length of service to the client is at the client’s discretion. The
client or the investment manager may terminate an Agreement by written notice to the other
party with a thirty (30) day advance notice or as agreed upon otherwise between the client and
the Firm.
If an agreement is terminated during a period in which the client has already paid Unison its
advisory fees in advance, then the Firm will reimburse, on a pro-rated basis, the remaining
advisory fees collected for any service not rendered; these fees will be sent to the client’s
address of record, unless otherwise directed by the client, within thirty (30) days of termination
of the agreement.

Item 7 - Types of Clients

Unison provides asset and/or portfolio management services to individuals, high net worth
individuals, personal holding companies, pooled investment companies, trusts, and
corporations. Unison also provides portfolio management services to private funds and open-
ended investment vehicles. The Firm ordinarily requires each account to have a minimum of
$250,000, although smaller amounts may be accepted and maintained at the discretion of the
Firm.