Wisdom Fixed Income Management LLC

Item 5 – Fees and Compensation

The Firm charges Clients advisory fees or sub-advisory fees which are a fixed percentage of
assets under management (“Management Fees”). The Firm reserves the right to negotiate
Management Fees, performance fees and other compensation structures with Clients which
differ from the standard fees set forth herein, based on specific circumstances and on a case-
by-case basis. Examples of these circumstances include, without limitation: the relative size
of a Client’s account, a Client’s affiliation to the Firm, and/or a Client’s status as a seed
investor. Accordingly, Management Fees incurred by Clients may vary substantially. In
addition, with respect to Separate Accounts, all other terms of such investment, including terms
relating to expenses and redemption terms, may also be negotiable on a case-by-case basis. To
the extent that the Firm provides sub-advisory services for a Client, the Management Fees
SLW Investment Management, LLC                                                           Page 3

charged by the Firm may be less than the Management Fees incurred by an investor in the
product sub-advised by the Firm.

Generally, Management Fees are referenced at an annual rate, but are calculated and charged
in arrears on a daily, monthly, or quarterly basis. Collecting management fees from Clients
vary by investment vehicle as outlined below.

Separately Managed Accounts

Generally, standard Management Fees (including sub-advisory fees) for the Separately
Managed Accounts are referenced at an annual rate of a half percent (0.50%) of assets under
management, including cash. The time and manner in which Management Fees are remitted
by a Separate Account are negotiable on an account-by-account basis. Generally, the Firm
sends Separate Accounts an invoice on a quarterly basis in order to collect Management Fees.
The Firm does not maintain authority to unilaterally deduct fees from a Separate Account.

Separate Account agreements are highly negotiated in terms and may differ materially on a
Separate Account Client by Client basis. However, on a general basis Separate Accounts
directly bear the expense attributable to their investment activities, operations, and such service
providers as are engaged directly by the Client, including without limitation, qualified
custodians, accountants, and administrators. Pursuant to the terms of their Separate Account
agreements, a Separate Account Client directly or indirectly bears the costs attributable to such
Separate Account’s investment activities, including without limitation, costs charged by third
party and unaffiliated broker-dealers attributable to trading securities within their portfolios.
Additionally, Separate Accounts may be subject to certain indemnification requirements, as
further set forth within their applicable Separate Account Agreement. Separate Accounts are
generally not charged any expenses attributable to any accounting, operational, legal or
compliance services performed by the Firm in connection with such Separate Account.
Notwithstanding the above, the Firm may, in its sole discretion, choose to absorb any such
expenses incurred on behalf of a Client.

Additionally,

As such, Management Fees received by the Firm are exclusive of brokerage commissions,
transaction fees, and other related costs and expenses incurred by Clients. Clients may incur
certain charges imposed by custodians, brokers and other third-party service providers such as
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.
Registered investment companies and private funds sub-advised, to the extent applicable, may
also charge additional fees, which are disclosed in such fund’s applicable offering documents,
including, without limitation and to the extent applicable, prospectus, SAI, operating
agreement, private placement memorandum, and/or subscription agreement. Such charges, fees
and commissions are exclusive of and in addition to the Firm’s Management Fee, and the Firm
will not receive any portion of these commissions, fees or costs, other than as reimbursement
for out-of-pocket expenses paid by the Firm at the request or on behalf of the Client.

SLW Investment Management, LLC                                                             Page 4

Registered Investment Companies (the Funds)

The standard Management Fees for the Funds are as follows:
 Fund                                        Annual Management Fee
 SLW Short Term Government Fund              0.15%*
 SLW Short Duration Income ETF               0.40%**
*Subject to Expense Cap Limitation Agreements as further provided below.
**The management fee is subject to breakpoints such that the fees are 0.40% on the first $500 million, 0.35% on
the next $500 million, and 0.30% on the amounts over $1 billion.

The Management Fees are calculated and accrued daily and wired to the Firm account on a
quarterly basis by the Fund’s administrator/transfer agent.

The prospectus of each Fund advised by the Firm sets forth the applicable expenses to which a
shareholder may be subject; and any descriptions of fees and expenses set forth above and
below should be deemed examples and/or summaries of the types of expenses a Fund investor
may be subject to, are not intended to be all inclusive, vary on a fund to fund basis, and are
qualified in their entirety by the prospectuses of the applicable Fund.

Unitary Style Fee (SLW Short Duration Income ETF)

The Firm has entered into a management agreement with SLW Short Duration Income ETF
with a unitary style fee, pursuant to which the Firm pays all operating expenses of the ETF
other than borrowing costs, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund
fees and expenses, and extraordinary expenses.

Expense Cap Limitation Agreement (SLW Short Term Government Fund)
...

Item 7 – Types of Clients

SLW seeks to provide direct investment advisory services to institutional investors such as, but
not limited to, registered investment companies, pool investment vehicles, public and private
pension plans, insurance companies, foundations, and endowments. Although currently not
offered, SLW may in the future provide indirect investment advisory services to both
institutional and non-institutional investors through shares and interests in unregistered pooled
investment vehicles it directly advises, with such vehicle deemed Clients of the Firm.

Generally, the minimum investment thresholds to open a Separate Account is fifty million
dollars ($50,000,000.00) for a Separate Account. However, the Firm may, in its discretion,
waive these minimum investment thresholds.