Tier Step Amount ($) Quarterly Fee(%) Annual Fee (%) 1 first $500,000 0.2250% 0.90% 2 next $500,000 0.1875% 0.75% 3 next $1 million 0.1500% 0.60% 4 next $2 million 0.1125% 0.45% 5 next $2 million 0.0750% 0.30% 6 next $4 million 0.0625% 0.25% 7 assets in excess of $10 million 0.0500% 0.20% Please note this is a tiered fee* schedule.