Yorkville America Equities LLC

Item 5 Fees and Compensation

Fund Advisory Fees
For its services to the Funds, Yorkville America Equities is entitled to receive an annual management
fee of 0.65%, calculated daily as a percentage of each Fund’s average daily net assets which is payable
monthly.

Under the Advisory Agreement, the Adviser assumes and pays, without reimbursement from the Trust,
all ordinary expenses of the Funds except the fee paid to the Adviser, distribution fees or expenses
under a Rule 12b‑1 plan (if any), interest expenses, taxes, acquired fund fees and expenses, brokerage
commissions and other portfolio transaction related expenses and fees, credit facility fees and expenses
(including interest), and litigation, indemnification, and other extraordinary expenses not incurred in the
ordinary course of the Funds’ business.

Sub-Adviser Fees (Paid by the Adviser)
The Sub-Adviser is paid a fee by the Adviser calculated daily and payable monthly as a percentage of
each Fund’s average daily net assets and provides a schedule of: 0.03% on the first $500 million,
0.025% on the next $500 million, and 0.02% over $1 billion. The fee is subject to a $25,000 aggregate
minimum across all Funds.

Solicitor / Referral Fees
For solicitor / referral services, the fees payable to Yorkville America Equities depend upon the fee
arrangement between the Firm and the Unaffiliated RIA to whom a client is referred. The Firm receives
a portion of the Unaffiliated RIA’s ongoing account management fees derived from referred clients as
compensation for solicitation and promotion services. Clients should review the Unaffiliated RIA’s
disclosures and agreements, including disclosures describing the solicitor arrangement and related
compensation.

Referral Fees also apply to accounts opened by referred clients, including immediate family members

residing in your household whom you introduce to the Unaffiliated RIA. Any such family members will
be asked to enter into an investment advisory agreement with the Unaffiliated RIA.

The Firm receives referral fees solely from the Unaffiliated RIA to whom it recommends clients.

The Unaffiliated RIA’s referral fee payments to Yorkville America Equities continue for as long as you, or
your immediate family, if applicable, remain a paying investment management client of the Unaffiliated
RIA.

Item 7 Types of Clients
Yorkville America Equities provides advisory services to:

•   The Trust, on behalf of the ETFs, for which we serve as investment adviser; and

•   Individuals in connection with our solicitor/referral services, where an Unaffiliated RIA manages the
    referred clients’ assets under its own advisory agreements.