Chief Complianceofficer'sdesignee

FreedomWealthAlliance

CodeofEthics

TableofContents

Contents

StatementofGeneralPolicy

AccessPersons

Chief ComplianceOfficer'sDesignee

CustodialAccountReporting

Preclearance

PersonalSecuritiesTradingLimitations

ParticipationinAffiliatedLimitedOfferings

CoveredAssociates

Acknowledgement

ComplianceProcedures

ConflictsofInterest

GiftsandEntertainment

InterestedTransactions

PersonalSecuritiesTransactions

PoliticalContributions

ProhibitionAgainstInsiderTrading

ProtectingtheConfidentialityofClientInformation

Records

ReportingViolationsandSanctions

RumorMongering

ServiceasanOfficerorDirector

SocialMedia

StandardsofBusinessConduct

WhistleblowerPolicy

Definitions

Appendix 1 – Restricted List

StatementofGeneralPolicy

ThisCodeofEthics("Code")hasbeenadoptedbyFreedomWealthAllianceandisdesignedtocomplywith

Rule 204A-1undertheInvestmentAdvisersActof1940("AdvisersAct").

ThisCodeestablishesrulesofconductforallemployeesofFreedomWealthAllianceandisdesignedto, amongotherthings;governpersonalsecuritiestradingactivitiesintheaccountsofemployees,their immediatefamily/householdaccountsandaccountsinwhichanemployeehasabeneficialinterest.TheCode isbasedupontheprinciplethatFreedomWealthAllianceanditsemployeesoweafiduciarydutytoFreedom WealthAlliance'sclientstoconducttheiraffairs,includingtheirpersonalsecuritiestransactions,insucha mannerastoavoid(i)servingtheirownpersonalinterestsaheadofclients,(ii)takinginappropriate advantageoftheirpositionwiththeFirmand(iii)anyactualorpotentialconflictsofinterestoranyabuseof theirpositionoftrustandresponsibility.

TheCodeisdesignedtoensurethatthehighethicalstandardslongmaintainedbyFreedomWealthAlliance continuetobeapplied.ThepurposeoftheCodeistoprecludeactivitieswhichmayleadtoorgivethe appearanceofconflictsofinterest,insidertradingandotherformsofprohibitedorunethicalbusiness conduct.TheexcellentnameandreputationofourFirmcontinuestobeadirectreflectionoftheconductof eachemployee.

PursuanttoSection206oftheAdvisersAct,bothFreedomWealthAllianceanditsemployeesareprohibited fromengaginginfraudulent,deceptiveormanipulativeconduct.Compliancewiththissectioninvolvesmore thanactingwithhonestyandgoodfaithalone.ItmeansthattheFreedomWealthAlliancehasanaffirmative dutyofutmostgoodfaithtoactsolelyinthebestinterestofitsclients.

FreedomWealthAllianceanditsemployeesaresubjecttothefollowingspecificfiduciaryobligationswhen dealingwithclients:

● the dutytohaveareasonable,independentbasisfortheinvestmentadviceprovided;

● thedutytoobtainbestexecutionforaclient’stransactionswheretheFirmisinapositiontodirect brokeragetransactionsfortheclient;

● thedutytoensurethatinvestmentadviceissuitabletomeetingtheclient’sindividualobjectives,needs andcircumstances;and

● adutytobeloyaltoclients.

Inmeetingitsfiduciaryresponsibilitiestoitsclients,FreedomWealthAllianceexpectseveryemployeeto demonstratethehigheststandardsofethicalconductforcontinuedemploymentwithFreedomWealth Alliance.StrictcompliancewiththeprovisionsoftheCodeshallbeconsideredabasicconditionof employmentwithFreedomWealthAlliance.FreedomWealthAlliance'sreputationforfairandhonestdealing withitsclientshastakenconsiderabletimetobuild.Thisstandingcouldbeseriouslydamagedastheresult ofevenasinglesecuritiestransactionbeingconsideredquestionableinlightofthefiduciarydutyowedto ourclients.EmployeesareurgedtoseektheadviceofKurtRozman,theChiefComplianceOfficer,forany questionsabouttheCodeortheapplicationoftheCodetotheirindividualcircumstances.Employeesshould alsounderstandthatamaterialbreachoftheprovisionsoftheCodemayconstitutegroundsfordisciplinary action,uptoandincludingterminationofemploymentwithFreedomWealthAlliance.

TheprovisionsoftheCodearenotall-inclusive.Rather,theyareintendedasaguideforemployeesof FreedomWealthAllianceintheirconduct.Inthosesituationswhereanemployeemaybeuncertainastothe intentorpurposeoftheCode,he/sheisadvisedtoconsultwithKurtRozman.KurtRozmanmaygrant exceptionstocertainprovisionscontainedintheCodeonlyinthosesituationswhenitisclearbeyond disputethattheinterestsofourclientsshallnotbeadverselyaffectedorcompromised.Allquestionsarisinginconnectionwithpersonalsecuritiestradingshouldberesolvedinfavoroftheclientevenattheexpenseof theinterestsofemployees.

RecognizingtheimportanceofmaintainingtheFirm'sreputationandconsistentwithourfundamental principlesofhonesty,integrityandprofessionalism,theFirmrequiresthatasupervisedpersonadvisethe ChiefComplianceOfficerimmediatelyifheorshebecomesinvolvedinorthreatenedwithlitigationoran administrativeinvestigationorlegalproceedingofanykind.Totheextentpermissiblebylawandapplicable regulations,FreedomWealthAllianceshallendeavortomaintainsuchinformationonaconfidentialbasis.

Kurt RozmanshallperiodicallyreporttoseniormanagementofFreedomWealthAlliancetodocument compliancewiththisCode.

AccessPersons

Forpurposes ofcomplyingwithFreedom Wealth Alliance's CodeofEthics,generallyallsupervisedpersons ofthe Firm areregarded asaccess personsandarethereforesubjecttoallapplicablepersonal securities tradingproceduresandreportingobligationsassetforth inthis Code.

Chief ComplianceOfficer'sDesignee

Unlessotherwisespecificallynoted,Freedom Wealth Alliance's employeesarerequired tosubmitmandatoryreports andattestationstothe ChiefComplianceOfficer.

CustodialAccountReporting

AllaccesspersonsarerequiredtonotifytheComplianceDepartmentpriortooratthetimeofestablishinga newcustodialaccountortheclosingofanexistingcustodialaccount,providingthefollowingdetails:

1. AccountName

2. NameofBroker,DealerorBank

3. DateEstablished(or)

4. DateClosed

Preclearance

FreedomWealthAlliancehasinstitutedapolicywherebysupervisedpersonsareprohibitedfrompurchasing certainreportablesecurities(aslistedontheFirm'srestrictedlist – “Appendix 1”, located at the end of the Firm’s Code of Ethics policy)foracoveredaccountunless preclearanceforeachsuchtransactionisgrantedbytheCCOorotherdesignee.Anyquestionswhatsoever regardingthispolicyshouldbedirectedtoeithertheCCOorotherdesignee.Asupervisedpersonis permitted,withoutobtainingpreclearance,topurchaseorsellanyexempt(non-reportable)security.

Asupervisedpersonmay,directlyorindirectly,disposeofbeneficialownershipofsuchreportable securitiesonlyifsuchpurchaseorsalehasbeenapprovedbytheCCOorhisorherdesignee.

ClearanceforsuchtransactionsmustbeobtainedbycompletingandsigningthePreclearanceFormprovided forthatpurposebyKurtRozman.KurtRozmanorotherdesigneemonitorsalltransactionsbyallsupervised personsinordertoascertainanypatternofconductwhichmayevidenceconflictsorpotentialconflictswith theprinciplesandobjectivesofthisCode,includingapatternoffront-running.

Advancetradeclearanceinnowaywaivesorabsolvesanysupervisedpersonoftheobligationtoabideby theprovisions,principlesandobjectivesofthisCode.

PersonalSecuritiesTradingLimitations

Aspreviouslystated,FreedomWealthAlliance'sfiduciarydutytoclientsandtheobligationofallFirmemployeesto upholdthatfundamentaldutyincludesfirstandforemostthedutyatalltimestoplacetheinterestsofclientsfirst. Assuch,FreedomWealthAllianceexpectsallemployeestoworkdiligentlyinmeetingclientexpectationsandfulfilling theirjobresponsibilities.

AlthoughFreedomWealthAlliance'spolicydoesnotimposestrictlimitationsastothenumberoftransactions anaccesspersonispermittedtoexecuteduringadefinedtimeframe,thescopeandvolumeofpersonal tradingbyaccesspersonsshallbeperiodicallyassessed.TheFirmalsorecognizesthatexcessivetradingmay impedetheabilityofanindividualtofulfillhisorherprimaryobligationtoourclients.Insuchcircumstances FreedomWealthAllianceretainsthediscretionaryauthoritytoimposelimitationsonthepersonaltrading activitiesoftheaccessperson.FurthermoreandaspartofFreedomWealthAlliance'soversightand monitoringofpersonaltradingbyaccesspersons,theFirmmayimposeheightenedsupervisionandortrading restrictionsonanaccesspersonifitbelievesthatsuchactionsarewarranted.

AnyquestionsconcerningthispolicyshouldbedirectedtoKurtRozmanortheaccessperson'sdesignated reviewer.

ParticipationinAffiliatedLimitedOfferings

Freedom Wealth Alliance, as a firm, doesnotsponsor ormanageprivatefunds. The Firm requires supervised persons who wish to participate in an initial public offering (IPO) of securities or private placement offering for their account to obtain advance approval by the Chief Compliance Officer.

CoveredAssociates

Forpurposes ofcomplyingwith Freedom WealthAlliance's PoliticalContributionspolicies andprocedures,generally allsupervisedpersonsoftheFirmareregarded as"coveredassociates"(asthat term isdefined inthepreceding section) andarethereforesubjecttoallapplicableproceduresand reportingobligationsassetforth inthis Code.

Acknowledgement

InitialAcknowledgement

AllsupervisedpersonsshallbeprovidedwithacopyoftheCodeandmustinitiallyacknowledgeinwritingto KurtRozmanthattheyhave:(i)receivedacopyoftheCode;(ii)readandunderstandallprovisionsofthe Code;(iii)agreedtoabidebytheCode;and(iv)reportedallaccountsandholdingsasrequiredbytheCode.

Acknowledgementof Amendments

AllsupervisedpersonsshallreceiveanyamendmentstotheCodeandmustacknowledgetoKurtRozmanin writingthattheyhave:(i)receivedacopyoftheamendment;(ii)readandunderstoodtheamendment;(iii) andagreedtoabidebytheCodeasamended.

AnnualAcknowledgement

AllsupervisedpersonsmustannuallyacknowledgeinwritingtoKurtRozmanthattheyhave:(i)readand understoodallprovisionsoftheCode;(ii)compliedwithallrequirementsoftheCode;and,ifapplicable,(iii) submittedallholdingsandtransactionreportsasrequiredbytheCode.

FurtherInformation

SupervisedpersonsshouldcontactKurtRozmanregardinganyinquiriespertainingtotheCodeorthepolicies establishedherein.

ComplianceProcedures

InitialHoldings Report

Everysupervisedpersonshall,nolaterthanten(10)daysafterthepersonbecomesasupervisedperson,file aninitialholdingsreportcontainingthefollowinginformation:

● ThetitleandexchangetickersymbolorCUSIPnumber,typeofsecurity,numberofsharesandprincipal amount(ifapplicable)ofeachreportablesecurityinwhichthesupervisedpersonhadanydirector indirectbeneficialinterestownershipwhenthepersonbecomesasupervisedperson;

● Thenameofanybroker,dealerorbank,accountname,numberandlocationwithwhomthesupervised personmaintainedan accountin whichanysecuritieswereheldforthedirector indirectbenefitof the supervisedperson;and

● Thedatethatthereportissubmittedbythesupervisedperson.

Theinformationsubmittedmustbecurrentasofadatenomorethanforty-five(45)daysbeforetheperson becameasupervisedperson.

AnnualHoldingsReport

Everysupervisedpersonshall,nolaterthanJanuary31eachyear,fileanannualholdingsreportcontaining thesameinformationrequiredintheinitialholdingsreportasdescribedabove.Theinformationsubmitted mustbecurrentasofadatenomorethanforty-five(45)daysbeforetheannualreportissubmitted.

QuarterlyTransactionReports

Everysupervisedpersonmust,nolaterthanthirty(30)daysaftertheendofeachcalendarquarter,filea quarterlytransactionreportcontainingthefollowinginformation:

Withrespecttoanytransactionduringthequarterinareportablesecurityinwhichthesupervisedpersons hadanydirectorindirectbeneficialownership:

● Thedateofthetransaction,thetitleandexchangetickersymbolorCUSIPnumber,theinterestrateand maturitydate(ifapplicable),thenumberofsharesand theprincipalamount(ifapplicable)ofeach coveredsecurity;

● Thenatureofthetransaction(i.e.,purchase,saleoranyothertypeofacquisitionordisposition);

● Thepriceofthereportablesecurityatwhichthetransactionwaseffected;

● Thenameofthebroker,dealerorbankwithorthroughwhomthetransactionwaseffected;and

● Thedatethereportissubmittedbythesupervisedperson.

ExemptTransactions

Asupervisedpersonneednotsubmitareportwithrespectto:

● Transactionseffectedfor,securitiesheldin,anyaccountoverwhichthepersonhasnodirectorindirect influenceorcontrol;

● Transactionseffectedpursuanttoanautomaticinvestmentplan,e.g.adividendretirementplan;

● Aquarterlytransactionreportifthereportwouldduplicateinformationcontainedinsecuritiestransaction confirmationsorbrokerageaccountstatementsthatFreedomWealthAllianceholdsinitsrecordssolong astheFirmreceivestheconfirmationsorstatementsnolaterthan30daysaftertheendoftheapplicablecalendarquarter;

● AnytransactionorholdingreportifFreedomWealthAlliancehasonlyonesupervisedperson,solongas theFirmmaintainsrecordsoftheinformationotherwiserequiredtobereported.

MonitoringandReviewofPersonalSecuritiesTransactions

Kurt Rozman,orsuchotherindividual(s)designatedinthisCodeofEthics,willmonitorandreviewallreports requiredundertheCodeforcompliancewithFreedomWealthAlliance'spoliciesregardingpersonalsecurities transactionsandapplicableSECrulesandregulations. KurtRozmanmayalsoinitiateinquiriesofsupervised personsregardingpersonalsecuritiestrading. Supervisedpersonsarerequiredtocooperatewithsuch inquiriesandanymonitoringorreviewproceduresemployedFreedomWealthAlliance. AnytransactionsforanyaccountsofKurtRozmanwillbereviewedandapprovedbythePresident,orotherdesignatedsupervisoryperson.KurtRozmanshallatleastannuallyidentifyallsupervisedpersonswhoarerequiredtofile reportspursuanttotheCodeandwillinformsuchsupervisedpersonsoftheirreportingobligations.

TheFirmhascontractedathird-partysoftwareprogram("MyComplianceOffice")toassistwiththe monitoringandreportingfortheFirm'sCodeofEthicspolicy. AllreviewsoftheFirm'sCodewillberetainedin thisthird-partysoftwareprogram.

Education

Asappropriate,FreedomWealthAlliancewillprovideemployeeswithperiodictrainingregardingtheFirm's CodeofEthicsandrelatedissuestoremindemployeesoftheirobligations,andamendmentsandregulatory changes.

GeneralSanctionGuidelines

ItshouldbeemphasizedthatallrequiredfilingsandreportsundertheFirm'sCodeofEthicsshallbemonitored bytheChiefComplianceOfficerorsuchotherindividual(s)designatedinthisCodeofEthics.TheChief ComplianceOfficerwillreceiveandreviewreport(s)ofviolationsperiodically.Violatorsmaybesubjecttoan initialwrittennotification,whilearepeatviolatorshallreceivereprimandsincludingadministrativewarnings, demotions,suspensions,amonetaryfine,ordismissalofthepersoninvolved.

Theseareguidelinesonly,allowingFreedomWealthAlliancetoapplyanyappropriatesanctiondepending uponthecircumstances,uptoandincludingdismissal.

ConflictsofInterest

Whendealingwithinvestmentadvisoryclientsandservices,supervisedpersonshavean affirmativedutyof care, loyalty,honestyandgoodfaithtoactinthebestinterestsofitsclients.Supervisedpersonsshouldfullydiscloseall materialfactsconcerninganyconflictthatdoesarisewiththeseclients,andshouldavoideventheappearanceofa conflictofinterest.

GiftsandEntertainment

Giving,receivingorsolicitinggiftsinabusinesssettingmaycreateanappearanceofimproprietyormayraise apotentialconflictofinterest.FreedomWealthAlliancehasadoptedthepoliciessetforthbelowtoguide supervisedpersonsinthisarea.

GeneralPolicy

FreedomWealthAlliance'spolicywithrespecttogiftsandentertainmentisasfollows:

● Giving,receivingorsolicitinggiftsinabusinessmaygiverisetoanappearanceofimproprietyormay raiseapotentialconflictofinterest;

● Supervisedpersonsshouldnotacceptorprovideanygiftsorfavors thatmightinfluencethedecisions youortherecipientmustmakeinbusinesstransactionsinvolvingFreedomWealthAlliance,orthatothers mightreasonablybelievewouldinfluencethosedecisions;

● Modestgiftsandfavors,whichwouldnotberegardedbyothersasimproper,maybeacceptedorgiven onanoccasionalbasis.Entertainmentthatsatisfiestheserequirementsandconformstogenerally acceptedbusinesspracticesalsoispermissible;

● Wherethereisalaworrulethatappliestotheconductofaparticularbusinessortheacceptanceof giftsofevennominalvalue,thelaworrulemustbefollowed.

ReportingRequirements

● Anysupervisedpersonwhogivesoraccepts,directlyorindirectly,anythingofvaluefromanypersonor entitythatdoesbusinesswithoronbehalfofFreedomWealthAlliance,includinggiftsandgratuitieswith valueinexcessof$100peryear,mustobtainconsentfromKurtRozmanbeforegivingoracceptingsuch gift.

● Thisreportingrequirementdoesnotapplytobonafidediningorbonafideentertainmentif,duringsuch diningorentertainment,youareaccompaniedbythepersonorrepresentativeoftheentitythatdoes businesswithFreedomWealthAlliance.

● ThisgiftreportingrequirementisforthepurposeofhelpingFreedomWealthAlliancemonitortheactivities ofitsemployees.However,thereportingofagiftdoesnotrelieveanysupervisedpersonfromthe obligationsandpoliciessetforthinthisSectionoranywhereelseinthisCode.Ifyouhaveanyquestions orconcernsabouttheappropriatenessofanygift,pleaseconsultKurtRozman.

InterestedTransactions

Nosupervisedpersonshallrecommendanysecuritiestransactionsforaclientwithouthavingdisclosedhisorher interest,ifany,insuchsecuritiesortheissuerthereof,includingwithoutlimitation:

● anydirectorindirectbeneficialownershipofanysecuritiesofsuchissuer;

● anycontemplatedtransactionbysuchpersoninsuchsecurities;

● anypositionwithsuchissueroritsaffiliates;and

● anypresentorproposedbusinessrelationshipbetweensuchissueroritsaffiliatesandsuch personoranypartyinwhichsuchpersonhasasignificantinterest.

PersonalSecuritiesTransactions

GeneralPolicy

FreedomWealthAlliancehasadoptedthefollowingprinciplesgoverningpersonalinvestmentactivitiesbyFreedom

WealthAlliance'ssupervisedpersons:

·Theinterestsofclientaccountswillatalltimesbeplacedfirst;

·Allpersonalsecuritiestransactionswillbeconductedinsuchmannerastoavoidanyactualorpotential conflictofinterestoranyabuseofanindividual’spositionoftrustandresponsibility;and

·Supervisedpersonsmustnottakeinappropriateadvantageoftheirpositions.

Pre-ClearanceRequiredforParticipationinIPOs

Nosupervisedpersonshallacquireanybeneficialownershipin anysecuritiesin anInitialPublicOfferingforhisor her account,asdefinedhereinwithoutthepriorwrittenapprovalofKurtRozmanwhohasbeenprovidedwithfulldetails oftheproposedtransaction(includingwrittencertificationthattheinvestmentopportunitydidnotarisebyvirtueof thesupervisedperson’sactivitiesonbehalfofa client)and,if approved,willbesubjectto continuousmonitoringfor possiblefutureconflicts.

Pre-ClearanceRequiredfor Privateor LimitedOfferings

Nosupervisedpersonshallacquirebeneficialownershipofanysecuritiesinalimitedofferingorprivateplacement withoutthepriorwrittenapprovalofKurtRozmanwhohasbeenprovidedwithfulldetailsoftheproposed transaction(includingwrittencertificationthattheinvestmentopportunitydidnotarisebyvirtueofthesupervisedperson’sactivitiesonbehalfofaclient)and,ifapproved,willbesubjecttocontinuousmonitoringforpossiblefuture conflicts.

All securitiesarereportable(reportablesecurities)ontheperiodicreporting,except:

·DirectobligationsoftheU.S.government

·Moneymarketinstruments(bankers’acceptances,bankcertificatesofdeposit,

·Commercialpaper,repurchaseagreementsandotherhigh-qualityshort-termdebtinstruments),where“high- qualityshort-termdebtinstrument”isdefinedtomeananyinstrumenthavingamaturityatissuanceoffewerthan366daysandwhichisratedinoneofthehighesttworatingcategoriesbyanationallyrecognizedstatisticalrating organization,orwhichisunratedbutisofcomparablequality

·Sharesissuedbymoneymarketfunds

·Sharesissuedbyopen-endmutualfunds(otherthanexchange-tradedfunds)

·Sharesissuedbyopen-endunitinvestmenttrusts(otherthanexchange-tradedfunds)

PoliticalContributions

TheSECadoptedthe'Pay-to-PlayRule'whichimposesrestrictionsonpoliticalcontributionsmadebyinvestment advisersthatseektomanageassetsofstateandlocalgovernments.Theruleisintendedtopreventundue influencethroughpoliticalcontributionsandplaceslimitsontheamountsofcampaigncontributionsthatthe investmentadviserand/orcertainofitsemployees('coveredassociates')cangivetostateandlocalofficialsor candidatesthathavetheabilitytoawardadvisorycontractstotheFirm.

ThefollowingtermsapplytoFreedomWealthAlliance'sPoliticalContributionspolicy:

"Contribution"isdefinedasisdefinedasanygift,subscription,loan,advance,ordepositofmoney,or anythingofvaluemadefor(i)thepurposeofinfluencinganyelectionforfederal,state,orlocaloffice;(ii) thepaymentofdebtincurredinconnectionwithanysuchelection;or(iii)transitionorinauguralexpenses incurredbyasuccessfulcandidateforstateorlocaloffice.

"CoveredAssociate"means(i)anygeneralpartner,managingmember,executiveofficeroftheFirm,orother individualwithasimilarstatusorfunction;(ii)anyemployeewhosolicitsagovernmententityfortheadviser andpersonwhosupervises,directlyorindirectly,suchemployee;and(iii)anypoliticalactioncommittee ("PAC")controlledbytheadviserorbyanyofitscoveredassociates.

Therulecontainsthreemajorprohibitions:(1)iftheadviseroracoveredassociatemakesacontributionto anofficialofagovernmententitywhoisinapositiontoinfluencetheawardofthegovernmententity's business,theadviserisprohibitedfromreceivingcompensationforprovidingadvisoryservicestothat governmententityfortwoyearsthereafter(otherwiseknownasa'timeout"period);(2)anadviserandits “coveredassociates”areprohibitedfromengaginginabroadrangeoffundraisingactivitiesforGovernment Officialsorpoliticalpartiesinthelocalitieswheretheadviserisprovidingorseekingbusinessfroma GovernmentClient;and(3)limitstheabilityofanadviseranditscoveredassociatestocompensateathird party(suchasaplacementagent)tosolicitadvisorybusinessoraninvestmentfromaGovernmentClient unlessthethirdpartyisaregisteredbroker-dealer,registeredmunicipaladviserorregisteredinvestment adviser.

Importantly,theRulespecificallyincludesablanketprohibitionthatrestrictstheadviseranditscovered associatesfromdoing"anythingindirectlywhich,ifdonedirectly"wouldviolatetheRule.Thisreflectsthe SEC'sconcernaboutindirectpaymentsandputsadvisersonnoticeabouttheheightenedregulatoryfocus thatsuchpracticeswillreceive.

TheRuleincludesademinimisexceptionapplicabletothetwo-yeartimeout,thatallowsanadviser's coveredassociatethatisanaturalpersontocontribute:(i)upto$350toanofficialperelection(with primaryandgeneralelectionscountingseparately)ifthecoveredassociatewasentitledtovoteforthe officialatthetimeofthecontribution;and(ii)upto$150toanofficialperelection(withprimaryand generalelectionscountingseparately)ifthecoveredassociatewasnotentitledtovotefortheofficialat thetimeofthecontribution.

SeethePoliticalContributions/PaytoPlaysectionoftheComplianceManualformoredetails.

ProhibitionAgainstInsiderTrading

Introduction

Tradingsecuritieswhileinpossessionofmaterial,nonpublicinformation,orimproperlycommunicatingthat informationtoothersmayexposesupervisedpersonsandFreedomWealthAlliancetostringentpenalties. Criminalsanctionsmayincludetheimpositionofamonetaryfineand/orimprisonment.TheSECcanrecover theprofitsgainedorlossesavoidedthroughtheillegaltrading,imposeapenaltyofuptothreetimesthe illicitwindfall,and/orissueanordercensuring,suspendingorpermanentlybarringyoufromthesecurities industry.Finally,supervisedpersonsandFreedomWealthAlliancemaybesuedbyinvestorsseekingto recoverdamagesforinsidertradingviolations.

TherulescontainedinthisCodeapplytosecuritiestradingandinformationhandlingbysupervisedpersons ofFreedomWealthAllianceandtheirimmediatefamilymembers.

Thelawofinsidertradingisunsettledandcontinuouslydeveloping.Anindividuallegitimatelymaybe uncertainabouttheapplicationoftherulescontainedinthisCodeinaparticularcircumstance.Often,a singlequestioncanavoiddisciplinaryactionorcomplexlegalproblems.YoumustnotifyKurtRozman immediatelyifyouhaveanyreasontobelievethataviolationofthisCodehasoccurredorisabouttooccur.

GeneralPolicy

Nosupervisedpersonmaytrade,eitherpersonallyoronbehalfofothers(suchasinvestmentfundsand privateaccountsmanagedbyFreedomWealthAlliance),whileinthepossessionofmaterial,nonpublic information,normayanypersonnelofFreedomWealthAlliancecommunicatematerial,nonpublicinformation toothersinviolationofthelaw.

1.WhatisMaterialInformation?

Informationismaterialwherethereisasubstantiallikelihoodthatareasonableinvestorwouldconsider itimportantinmakinghisorherinvestmentdecisions.Generally,thisincludesanyinformationthe disclosureofwhichwillhaveasubstantialeffectonthepriceofacompany’ssecurities.Nosimpletest existstodeterminewheninformationismaterial;assessmentsofmaterialityinvolveahighlyfact- specificinquiry.Forthisreason,youshoulddirectanyquestionsaboutwhetherinformationismaterial toKurtRozman.

Materialinformationoftenrelatestoacompany’sresultsandoperations,including,forexample, dividendchanges,earningsresults,changesinpreviouslyreleasedearningsestimates,significant mergeroracquisitionproposalsoragreements,majorlitigation,liquidationproblems,andextraordinary managementdevelopments.

Materialinformationalsomayrelatetothemarketforacompany’ssecurities.Informationabouta significantordertopurchaseorsellsecuritiesmay,insomecontexts,bematerial.Prepublication informationregardingreportsinthefinancialpressalsomaybematerial.Forexample,theUnited StatesSupremeCourtupheldthecriminalconvictionsofinsidertradingdefendantswhocapitalizedon prepublicationinformationaboutTheWallStreetJournal’s“HeardontheStreet”column.

YoushouldalsobeawareoftheSEC’spositionthattheterm“materialnonpublicinformation”relates notonlytoissuersbutalsotoFreedomWealthAlliance'ssecuritiesrecommendationsandclient securitiesholdingsandtransactions.

2.WhatisNonpublicInformation?

Informationis“public”whenithasbeendisseminatedbroadlytoinvestorsinthemarketplace.For example,informationispublicafterithasbecomeavailabletothegeneralpublicthroughthe

Internet,apublicfilingwiththeSECorsomeothergovernmentagency,theDowJones“tape”orThe WallStreetJournalorsomeotherpublicationofgeneralcirculation,andaftersufficienttimehas passedsothattheinformationhasbeendisseminatedwidely.

3.IdentifyingInsideInformation

Beforeexecutinganytradeforyourselforothers,includinginvestmentfundsorprivateaccounts managedbyFreedomWealthAlliance(“ClientAccounts”),youmustdeterminewhetheryouhave accesstomaterial,nonpublicinformation.Ifyouthinkthatyoumighthaveaccesstomaterial, nonpublicinformation,youshouldtakethefollowingsteps:

● ReporttheinformationandproposedtradeimmediatelytoKurtRozman.

● Donotpurchaseorsellthesecuritiesonbehalfofyourselforothers,includinginvestmentfundsor privateaccountsmanagedbytheFirm.

● DonotcommunicatetheinformationinsideoroutsidetheFirm,otherthantoKurtRozman.

● AfterKurtRozmanhasreviewedtheissue,theFirmwilldeterminewhethertheinformationis materialandnonpublicand,ifso,whatactiontheFirmwilltake.

YoushouldconsultwithKurtRozmanbeforetakinganyaction. Thishighdegreeofcautionwillprotect you,ourclients,andtheFirm.

4.ContactswithPublicCompanies

Contactswithpubliccompaniesmayrepresentanimportantpartofourresearchefforts.TheFirmmay makeinvestmentdecisionsonthebasisofconclusionsformedthroughsuchcontactsandanalysisof publiclyavailableinformation.Difficultlegalissuesarise,however,when,inthecourseofthese contacts,asupervisedpersonofFreedomWealthAllianceorotherpersonsubjecttothisCode becomesawareofmaterial,nonpublicinformation.Thiscouldhappen,forexample,ifacompany’sChief FinancialOfficerprematurelydisclosesquarterlyresultstoananalyst,oraninvestorrelations representativemakesselectivedisclosureofadversenewstoahandfulofinvestors.Insuchsituations,FreedomWealthAlliancemustmakeajudgmentastoitsfurtherconduct.Toprotect yourself,ourclientsandtheFirm,youshouldcontactKurtRozmanimmediatelyifyoubelievethatyou mayhavereceivedmaterial,nonpublicinformation.

5.TenderOffers

Tenderoffersrepresentaparticularconcerninthelawofinsidertradingfortworeasons:First,tender offeractivityoftenproducesextraordinarygyrationsinthepriceofthetargetcompany’ssecurities. Tradingduringthistimeperiodismorelikelytoattractregulatoryattention(andproducesa disproportionatepercentageofinsidertradingcases).Second,theSEChasadoptedarulewhich expresslyforbidstradingand“tipping”whileinthepossessionofmaterial,nonpublicinformation regardingatenderofferreceivedfromthetenderofferor,thetargetcompanyoranyoneactingon behalfofeither.SupervisedpersonsofFreedomWealthAllianceandotherssubjecttothisCodeshould exerciseextremecautionanytimetheybecomeawareofnonpublicinformationrelatingtoatender offer.

6.Restricted/WatchLists

AlthoughFreedomWealthAlliancedoesnottypicallyreceiveconfidentialinformationfromportfolio companies,itmay,ifitreceivessuchinformationtakeappropriateprocedurestoestablishrestrictedor watchlistsincertainsecurities.

KurtRozmanmayplacecertainsecuritiesona“restrictedlist.”Supervisedpersonsareprohibitedfrom personally,oronbehalfofanadvisoryaccount,purchasingorsellingsecuritiesduringanyperiodthey arelisted.Securitiesissuedbycompaniesaboutwhichanumberofsupervisedpersonsareexpectedto regularlyhavematerial,nonpublicinformationshouldgenerallybeplacedontherestrictedlist.Kurt Rozmanshalltakestepstoimmediatelyinformallsupervisedpersonsofthesecuritieslistedonthe restrictedlist.

KurtRozmanmayplacecertainsecuritiesona“watchlist.”Securitiesissuedbycompaniesabout whichalimitednumberofsupervisedpersonspossessmaterial,nonpublicinformationshouldgenerally

beplacedonthewatchlist.ThelistwillbedisclosedonlytoKurtRozmanandalimitednumberofother personswhoaredeemednecessaryrecipientsofthelistbecauseoftheirrolesincompliance.

ProtectingtheConfidentialityofClientInformation

ConfidentialClientInformation

InthecourseofinvestmentadvisoryactivitiesofFreedomWealthAlliance,theFirmgainsaccessto nonpublicinformationaboutitsclients.Suchinformationmayincludeaperson'sstatusasaclient,personal financialandaccountinformation,theallocationofassetsinaclientportfolio,thecompositionof investmentsinanyclientportfolio,informationrelatingtoservicesperformedforortransactionsenteredinto onbehalfofclients,adviceprovidedbyFreedomWealthAlliancetoclients,anddataoranalysesderived fromsuchnon-publicpersonalinformation(collectivelyreferredtoas'ConfidentialClientInformation').All ConfidentialClientInformation,whetherrelatingtoFreedomWealthAlliance'scurrentorformerclients,is subjecttotheCode'spoliciesandprocedures.Anydoubtsabouttheconfidentialityofinformationmustbe resolvedinfavorofconfidentiality.

Non-DisclosureofConfidentialClientInformation

AllinformationregardingFreedomWealthAlliance'sclientsisconfidential.Informationmayonlybedisclosed whenthedisclosureisconsistentwiththeFirm'spolicyandtheclient'sdirection.FreedomWealthAlliance doesnotshareConfidentialClientInformationwithanythirdparties,exceptinthefollowingcircumstances:

● asnecessarytoprovideservice(s)thattheclientrequestedorauthorized,ortomaintainandservicethe client'saccount.FreedomWealthAllianceshallrequirethatanyfinancialintermediary,agentorother serviceproviderutilizedbyFreedomWealthAlliance(suchasbroker-dealersorsub-advisers)complywith substantiallysimilarstandardsfornon-disclosureandprotectionofConfidentialClientInformationanduse theinformationprovidedbyFreedomWealthAllianceonlyfortheperformanceofthespecificservice requestedbyFreedomWealthAlliance;

● asrequiredbyregulatoryauthoritiesorlawenforcementofficialswhohavejurisdictionoverFreedom WealthAlliance,orasotherwiserequiredbyanyapplicablelaw.IntheeventFreedomWealthAllianceis compelledtodiscloseConfidentialClientInformation,theFirmshallprovidepromptnoticetotheclients affected,sothattheclientsmayseekaprotectiveorderorotherappropriateremedy.Ifnoprotective orderorotherappropriateremedyisobtained,FreedomWealthAllianceshalldiscloseonlysuch information,andonlyinsuchdetail,asislegallyrequired;and

● totheextentreasonablynecessarytopreventfraud,unauthorizedtransactionsorliability.

EmployeeResponsibilities

Allsupervisedpersonsareprohibited,eitherduringoraftertheterminationoftheiremploymentwithFreedom WealthAlliance,fromdisclosingConfidentialClientInformationtoanypersonorentityoutsidetheFirm, includingfamilymembers,exceptunderthecircumstancesdescribedabove.Asupervisedpersonispermitted todiscloseConfidentialClientInformationonlytosuchothersupervisedpersonswhoneedtohaveaccessto suchinformationtodelivertheFreedomWealthAlliance'sservicestotheclient.

Supervisedpersonsarealsoprohibitedfrommakingunauthorizedcopiesofanydocumentsorfilescontaining ConfidentialClientInformationand,uponterminationoftheiremploymentwithFreedomWealthAlliance,must returnallsuchdocumentstoFreedomWealthAlliance.

Anysupervisedpersonwhoviolatesthenon-disclosurepolicydescribedaboveshallbesubjecttodisciplinary action,includingpossibletermination,whetherornotheorshebenefitedfromthedisclosedinformation.

SecurityofConfidentialPersonalInformation

FreedomWealthAllianceenforcesthefollowingpoliciesandprocedurestoprotectthesecurityof

ConfidentialClientInformation:

● theFirmrestrictsaccesstoConfidentialClientInformationtothosesupervisedpersonswhoneedto knowsuchinformationtoprovideFreedomWealthAlliance'sservicestoclients;

● anysupervisedpersonwhoisauthorizedtohaveaccesstoConfidentialClientInformationinconnection withtheperformanceofsuchperson'sdutiesandresponsibilitiesisrequiredtokeepsuchinformationina securecompartment,fileorreceptacleonadailybasisasofthecloseofeachbusinessday;

● allelectronicorcomputerfilescontaininganyConfidentialClientInformationshallbepasswordsecured andfirewallprotectedfromaccessbyunauthorizedpersons;and

● anyconversationsinvolvingConfidentialClientInformation,ifappropriateatall,mustbeconductedbysupervisedpersonsinprivate,andcaremustbetakentoavoidanyunauthorizedpersonsoverhearingor interceptingsuchconversations.

PrivacyPolicy

Asaregisteredinvestmentadviser,FreedomWealthAllianceandallsupervisedpersons,mustcomplywith

SECRegulationS-P,whichrequiresinvestmentadviserstoadoptpoliciesandprocedurestoprotectthe

'nonpublicpersonalinformation'ofnaturalpersonclients.'Nonpublicinformation,'underRegulationS-P, includespersonallyidentifiablefinancialinformationandanylist,description,orgroupingthatisderivedfrom personallyidentifiablefinancialinformation.Personallyidentifiablefinancialinformationisdefinedtoinclude informationsuppliedbyindividualclients,informationresultingfromtransactions,anyinformationobtainedin providingproductsorservices.PursuanttoRegulationS-PFreedomWealthAlliancehasadoptedpoliciesand procedurestosafeguardtheinformationofnaturalpersonclients.

EnforcementandReviewof ConfidentialityandPrivacyPolicies

KurtRozmanisresponsibleforreviewing,maintainingandenforcingFreedomWealthAlliance'sconfidentiality andprivacypoliciesandisalsoresponsibleforconductingappropriateemployeetrainingtoensureadherence tothesepolicies.AnyexceptiontothispolicyrequiresthewrittenapprovalofKurtRozman.

Records

KurtRozmanshallmaintainandcausetobemaintainedinareadilyaccessibleplacethefollowingrecords:

● acopyofanyCodeofEthicsadoptedbytheFirmpursuanttoAdvisersActRule204A-1whichisorhas beenineffectduringthepastfiveyears;

● arecordofanyviolationofFreedomWealthAlliance'sCodeandanyactionthatwastakenasaresultof suchviolationforaperiodoffiveyearsfromtheendofthefiscalyearinwhichtheviolationoccurred;

● arecordofallwrittenacknowledgementsofreceiptoftheCodeandamendmentstheretoforeach personwhoiscurrently,orwithinthepastfiveyearswas,asupervisedpersonwhichshallberetained forfiveyearsaftertheindividualceasestobeasupervisedpersonofFreedomWealthAlliance;

● acopyofeachreportmadepursuanttoAdvisersActRule204A-1,includinganybrokerageconfirmations andaccountstatementsmadeinlieuofthesereports;

● alistofallpersonswhoare,orwithintheprecedingfiveyearshavebeen,accesspersons;and

● arecordofanydecisionandreasonssupportingsuchdecisiontoapproveanaccesspersons' acquisition ofsecuritiesinIPOsandlimitedofferingswithinthepastfiveyearsaftertheendofthefiscalyearin whichsuchapprovalisgranted.

ReportingViolationsandSanctions

AllsupervisedpersonsshallpromptlyreporttoKurtRozmanor,providedtheCCOalsoreceivessuchreports, toanalternatedesigneeallapparentorpotentialviolationsoftheCode. Anyretaliationforthereportingof aviolationunderthisCodeshallconstituteaviolationoftheCode.

KurtRozmanshallpromptlyreporttoseniormanagementallapparentmaterialviolationsoftheCode. When KurtRozmanfindsthataviolationotherwisereportabletoseniormanagementcouldnotbereasonablyfound tohaveresultedinafraud,deceit,oramanipulativepracticeinviolationofSection206oftheAdvisersAct, heorshemay,inhisorherdiscretion,submitawrittenmemorandumofsuchfindingandthereasons thereforetoareportingfilecreatedforthispurposeinlieuofreportingthemattertoseniormanagement.

SeniormanagementshallconsiderreportsmadetoithereunderandshalldeterminewhetherornottheCode hasbeenviolatedandwhatsanctions,ifany,shouldbeimposed. Possiblesanctionsmayincludereprimands, monetaryfineorassessment,orsuspensionorterminationoftheemployee’semploymentwiththeFirm.

RumorMongering

SpreadingfalserumorstomanipulatethemarketisillegalunderU.Ssecuritieslaws.Moreover,thistypeofactivityis consideredbyregulatorstobeahighlydetrimentalformofmarketabusedamagingbothinvestorconfidenceand companiesconstitutingimportantcomponentsofthefinancialsystem.Thisformofmarketabuseisvigorously investigatedandprosecuted.Althoughtheremaybelegitimatereasonstodiscussrumorsundercertain circumstances;forexample,toattempttoexplainobservablefluctuationsinthemarketoraparticularissuer'sshare price,thedisseminationoffalseinformationinthemarketinordertocapitalizeontheeffectofsuchdissemination forpersonalorclientaccountsisunethicalandshallnotbetolerated.Firmsarerequiredtotakespecialcareto ensurethatitspersonnelneithergeneraterumorsnorpassonrumorstoclientsorothermarketparticipantsinan irresponsiblemanner.

Evenwherearumorturnsouttobetrue,amongotherthings,tradingonunsubstantiatedinformationalso createsariskthattheFirmmaytradeoninsideinformationwhichwasleakedinviolationofthelaw.

GeneralPolicy

ItisFreedomWealthAlliance'spolicythatunverifiedinformationbecommunicatedresponsibly,ifatall,andinamannerwhichwillnotdistortthemarket.NosupervisedpersonofFreedomWealthAllianceshalloriginate afalseormisleadingrumorinanyway,orpass-onanunsubstantiatedrumoraboutasecurityoritsissuerfor thepurposeofinfluencingthemarketpriceofthesecurity.

CommunicationsissuedfromFreedomWealthAllianceshouldbeprofessionalatalltimes,avoidingsensational orexaggeratedlanguage.Factualstatementswhichcouldreasonablybeexpectedtoimpactthemarket shouldbecarefullyverified,ifpossible,beforebeingissuedinaccordancewiththeproceduressetforth below.VerificationeffortsshouldbedocumentedinwritingandmaintainedintheFirm'srecords.

Theseguidelinesapplyequallytowrittencommunications,includingthoseissuedviaBloomberg,instant messaging,email,chatroomsorincludedinpublishedresearchnotes,articlesornewsletters,aswellasto verbalcommunications.Statementswhichcanreasonablybeexpectedtoimpactthemarketincludethose purportingtocontainfactual,materialornon-publicinformationorinformationofaprice-sensitivenature. Thefactsandcircumstancessurroundingthestatementwilldictatethelikelihoodofmarketimpact.

Forexample,timesofnervousorvolatilemarketsincreaseboththeopportunityforandtheimpactofrumors. Ifasupervisedpersonisuncertainofthelikelymarketimpactofthedisseminationofparticularinformation, he/sheshouldconsulttheChiefComplianceOfficeroramemberofseniormanagement.

WhatisaRumor?Inthecontextofthispolicy,"rumor"meanseitherafalseormisleadingstatementwhich hasbeendeliberatelyfabricatedorastatementorotherinformationpurportingtobefactualbutwhichis unsubstantiated.Astatementisnotarumorifitisclearlyanexpressionofopinion,suchasananalyst'sview ofacompany'sprospects.RumorsoftenoriginatefrombutarenotlimitedtoInternetblogsorbulletinboards amongothersources.

WhenisaRumorUnsubstantiated?Inthecontextofthispolicy,arumorisunsubstantiatedwhenitis:

● notpublishedbywidelycirculatedpublicmedia,or

● thesourceisnotidentifiedinwriting,and

● therehasbeennoactionorstatementbyaregulator,courtorlegalauthoritylending credencetotherumor,or

● therehasbeennoacknowledgementorcommentontherumorfromanofficialspokesperson orseniormanagementoftheissuer.

WhenMayaRumorBe Communicated?Rumorsmaybediscussedlegitimatelywithintheconfinesofthe Firm,forexample,withinanInvestmentCommitteeMeeting,whenappropriate,forexample,toexplainor speculateregardingobservablemarketbehavior.

Arumormayalsobecommunicatedexternally,thatis,withclientsorothermarketparticipantssuchasa brokerorothercounterparty,only:

● assetforthintheseprocedures,

● whenalegitimatebusinesspurposeexistsfordiscussingtherumor.

LegitimateBusinessPurposesfor CommunicatingaRumorExternally:Legitimatebusinesspurposesfor discussingrumorsoutsideoftheconfinesoftheFirminclude:

● whenaclientisseekinganexplanationforerraticsharepricemovementortradingconditions ofasecuritywhichcouldbeexplainedbytherumor,or

● discussionsamongmarketparticipantsseekingtoexplainmarketortradingconditionsor one'sviewsregardingthevalidityofarumor.

ForminWhichRumorCanBe CommunicatedExternally:Wherealegitimatebusinesspurposeexistsfor discussingarumorexternally,careshouldbetakentoensurethattherumoriscommunicatedinamanner that:

● providestheoriginoftheinformation(wherepossible);

● givesitnoadditionalcredibilityorembellishment;

● makesclearthattheinformationisarumor;and

● makesclearthattheinformationhasnotbeenverified.

Trading:Whereadecisiontoplaceatradeinaclientaccountisbasedprincipallyonarumor,theportfolio managerortradermustobtainthepriorapprovalofamemberofseniormanagement.

ReportingMonitoring:Inordertoensurecompliancewiththispolicy,FreedomWealthAlliancemayseek touncoverthecreationand/ordisseminationoffalseormisleadingrumorsbysupervisedpersonsforthe purposeofinfluencingthemarketpriceofthesecuritythroughtargetedmonitoringofcommunicationsand/or tradingactivities.Forexample,theChiefComplianceOfficermayproactivelyselectandreviewrandomemails orconducttargetedwordsearchesofemails,orBloomberg/instantmessages.He/shemayalsoflagtrading patternanomaliesorunusualpricefluctuationsandretrospectivelyreviewemails,phonecalls, Bloomberg/instantmessages,etc.,wherehighlyunusualandapparentlyfortuitousprofitorlossavoidanceis uncovered.

SupervisedpersonsarerequiredtoreporttotheChiefComplianceOfficeroramemberofseniormanagement whenhe/shehasjustcausetosuspectthatanothersupervisedpersonofFreedomWealthAlliancehas deliberatelyfabricatedanddisseminatedafalseormisleadingrumororotherwisecommunicatedan unsubstantiatedrumoraboutasecurityoritsissuerforthepurposeofinfluencingthemarketpriceofthe security.

ServiceasanOfficerorDirector

Nosupervisedpersonshallserveasanofficerorontheboardofdirectorsofanypubliclyorprivatelytraded companywithoutpriorauthorizationbyKurtRozmanoradesignatedsupervisorypersonbasedupona determinationthatanysuchboardserviceorofficerpositionwouldbeconsistentwiththeinterestof FreedomWealthAlliance'sclients.Whereboardserviceoranofficerpositionisapproved,FreedomWealth Allianceshallimplementa"ChineseWall"orotherappropriateproceduretoisolatesuchpersonfrommaking decisionsrelatingtothecompany’ssecurities.

SocialMedia

Socialmediaand/ormethodsofpublishingopinionsorcommentaryelectronicallyisadynamicmethodofmass communication."Socialmedia"isanumbrellatermthatencompassesvariousactivitiesthatintegratetechnology, socialinteractionandcontentcreation.Socialmediamayusemanytechnologies,including,butnotlimitedto,blogs, microblogs,wikis,photosandvideosharing,podcasts,socialnetworking,andvirtualworlds.Theterms"socialmedia,""socialmediasites,""sites,"and"socialnetworkingsites"areusedinterchangeablyherein.

Theproliferationofsuchelectronicmeansofcommunicationpresentsnewandeverchangingregulatoryrisks forourFirm.Asaregisteredinvestmentadviser,useofsocialmediabyourFirmand/orrelatedpersonsoftheFirmmustcomplywithapplicableprovisionsofthefederalsecuritieslaws,including,butnotlimitedto theanti-fraud,complianceandrecordkeepingprovisions.

Forexample,businessorclientrelatedcommentsorpostsmadethroughsocialmediamaybreachapplicable privacylawsorbeconsidered"advertising"underapplicableregulationstriggeringcontentrestrictionsand specialdisclosureandrecordkeepingrequirements.Employeesshouldbeawarethattheuseofsocialmedia forpersonalpurposesmayalsohaveimplicationsforourFirm,particularlywheretheemployeeisidentifiedas anofficer,employeeorrepresentativeofthefirm.Accordingly,FreedomWealthAllianceseekstoadopt reasonablepoliciesandprocedurestosafeguardtheFirmandourclients.

GeneralPolicy

ApprovedParticipation - Employeesarerequiredtoobtainapprovalpriortoestablishingasocialnetworking accountand/orparticipatingonapre-existingsocialmediasiteforbusinesspurposes.

EmployeeUsageGuidelines,ContentStandardsandMonitoring

● StaticcontentpostedonsocialnetworkingsitesmustbepreapprovedbyKurtRozmanor otherdesignee.

● Employeesareprohibitedfrom:

- postinganymisleadingstatements;anyinformationaboutourFirm'sclients, investmentrecommendations(includingpastspecificrecommendations), investmentstrategies,productsand/orservicesofferedbyourfirm;ortrading activities;

- solicitingcommentsorpostingsregardingFreedomWealthAlliancethatcouldbe construedastestimonials;

- solicitingclientrecommendationsonLinkedIn;employeesareprohibitedfrom publiclypostingaclient'srecommendationtotheirLinkedInprofile;

- employeescannotlinkfromapersonalblogorsocialnetworkingsitetoFreedomWealthAlliance'sinternalorexternalwebsite.

UseofPersonalSites

FreedomWealthAllianceprohibitsemployeesfromcreatingormaintaininganyindividualblogsornetwork pagesonbehalfoftheFirm.

StandardsofBusinessConduct

FreedomWealthAllianceplacesthehighestpriorityonmaintainingitsreputationforintegrityandprofessionalism. Thatreputationisavitalbusinessasset.TheconfidenceandtrustplacedinourFirmanditsemployeesbyour clientsissomethingwevalueandendeavortoprotect.ThefollowingStandardsofBusinessConductsetforth policiesandprocedurestoachievethesegoals.ThisCodeisintendedtocomplywiththevariousprovisionsofthe AdvisersActandalsorequiresthatallsupervisedpersonscomplywiththevariousapplicableprovisionsofthe InvestmentCompanyActof1940,asamended,theSecuritiesActof1933,asamended,theSecuritiesExchange Actof1934,asamended,andapplicablerulesandregulationsadoptedbytheSecuritiesandExchangeCommission (“SEC”).

Section204AoftheAdvisersActrequirestheestablishmentandenforcementofpoliciesandproceduresreasonably designedtopreventthemisuseofmaterial,nonpublicinformationbyinvestmentadvisers.Suchpoliciesand proceduresarecontainedinthisCode.TheCodealsocontainspoliciesandprocedureswithrespecttopersonal securitiestransactionsofallFreedomWealthAlliance'ssupervisedpersonsasdefinedherein.Theseprocedurescovertransactionsinareportablesecurityinwhichasupervisedpersonhasabeneficialinterestinoraccountsover whichthesupervisedpersonexercisescontrolaswellastransactionsbymembersofthesupervisedperson’s immediatefamilyand/orhousehold.

Section206oftheAdvisersActmakesitunlawfulforFreedomWealthAllianceoritsagentsoremployeestoemploy anydevice,schemeorartificetodefraudanyclientorprospectiveclient,ortoengageinfraudulent,deceptiveor manipulativepractices.ThisCodecontainsprovisionsthatprohibittheseandotherenumeratedactivitiesandthat arereasonablydesignedtodetectandpreventviolationsoftheCode,theAdvisersActandrulesthereunder.

Morespecifically,supervisedpersonsarerequiredtoabidebyallapplicablesecuritieslaws.Supervised personsare notpermitted,inconnectionwiththepurchaseorsale,directlyorindirectly,ofasecurityheldortobeacquiredbyaclientto:

·Defraudaclientinanymanner

·Misleadaclient,includingbymakinganystatementthatomitsmaterialfacts

·Engageinanyact,practiceorcourseofconductthatoperatesorwouldoperateasafraudordeceitona client

·Engageinanymanipulativepracticewithrespecttoaclient

·Engageinanymanipulativepracticewithrespecttosecurities,includingpricemanipulation

·Favortheinterestsofoneclientoveranotherclient

·Profitpersonally,directlyorindirectly,asaresultofknowledgeaboutasecurityoratransaction

WhistleblowerPolicy

AsarticulatedinthisCode'sStatementofGeneralPolicyandStandardsofBusinessConduct,centraltoour Firm'scompliancecultureisaningrainedcommitmenttofiduciaryprinciples.Thepoliciesandproceduresset forthhereandinourComplianceManual,andtheirconsistentimplementationbyallsupervisedpersonsof FreedomWealthAllianceevidencetheFirm'sunwaveringintenttoplacetheinterestsofclientsaheadofself-interestforFreedomWealthAlliance,ourmanagementandstaff.

EveryemployeehasaresponsibilityforknowingandfollowingtheFirm’spoliciesandprocedures.Every personinasupervisoryroleisalsoresponsibleforthoseindividualsunderhis/hersupervision.TheFirm's principalorasimilarlydesignatedofficer,hasoverallsupervisoryresponsibility.

Recognizingoursharedcommitmenttoourclients,allemployeesarerequiredtoconductthemselveswiththe utmostloyaltyandintegrityintheirdealingswithourclients,customers,stakeholdersandoneanother. ImproperconductonthepartofanyemployeeputstheFirmandcompanypersonnelatrisk.Therefore,while managersandseniormanagementultimatelyhavesupervisoryresponsibilityandauthority,theseindividuals cannotstoporremedymisconductunlesstheyknowaboutit.Accordingly,allemployeesarenotonly expectedto,butarerequiredtoreporttheirconcernsaboutpotentiallyillegalconductaswellasviolationsofourcompany’spolicies.

ReportingPotentialMisconduct

Toensureconsistentimplementationofsuchpractices,itisimperativethatsupervisedpersonshavethe opportunitytoreportanyconcernsorsuspicionsofimproperactivityattheFirm(whetherbyasupervised personorotherparty)confidentiallyandwithoutretaliation.

FreedomWealthAlliance'sWhistleblowerPolicycoversthetreatmentofallconcernsrelatingtosuspected illegalactivityorpotentialmisconduct.

Supervisedpersonsmayreportpotentialmisconductbysubmittinga'ReportaViolation'formavailableonthe mainwebportalofthisprogram.Bydefault,thereportshallbesubmittedanonymouslyunlesstheindividual uncheckstheboxthatindicatesthesenderwishestoremainanonymous.Reportsofviolationsorsuspected violationsmustbereportedtoKurtRozmanor,providedtheCCOalsoreceivessuchreports,toother designatedmembersofseniormanagement.Supervisedpersonsmayreportsuspectedimproperactivityby theCCOtotheFirm’sotherseniormanagement.

Responsibilityof the Whistleblower

Apersonmustbeactingingoodfaithinreportingacomplaintorconcernunderthispolicyandmusthave reasonablegroundsforbelievingadeliberatemisrepresentationhasbeenmaderegardingaccountingoraudit mattersorabreachofthisManualortheFirm’sCodeofEthics.Amaliciousallegationknowntobefalseis consideredaseriousoffenseandshallbesubjecttodisciplinaryactionthatmayincludeterminationof employment.

HandlingofReportedImproperActivity

TheFirmshalltakeseriouslyanyreportregardingapotentialviolationofFirmpolicyorotherimproperor illegalactivity,andrecognizestheimportanceofkeepingtheidentityofthereportingpersonfrombeing widelyknown.SupervisedpersonsaretobeassuredthattheFirmwillappropriatelymanageallsuchreported concernsorsuspicionsofimproperactivityinatimelyandprofessionalmanner,confidentiallyandwithout retaliation.

InordertoprotecttheconfidentialityoftheindividualsubmittingsuchareportandtoenableFreedom WealthAlliancetoconductacomprehensiveinvestigationofreportedmisconduct,supervisedpersonsshould understandthatthoseindividualsresponsibleforconductinganyinvestigationaregenerallyprecludedfrom communicatinginformationpertainingtothescopeand/orstatusofsuchreviews.

NoRetaliationPolicy

ItistheFirm’spolicythatnosupervisedpersonwhosubmitsacomplaintmadeingoodfaithwillexperience retaliation,harassment,orunfavorableoradverseemploymentconsequences.Asupervisedpersonwho retaliatesagainstapersonreportingacomplaintwillbesubjecttodisciplinaryaction,whichmayincludeterminationofemployment.Asupervisedpersonwhobelievess/hehasbeensubjecttoretaliationorreprisal asaresultofreportingaconcernormakingacomplaintistoreportsuchactiontotheCCOortotheFirm’s otherseniormanagementintheeventtheconcernpertainstotheCCO.

Definitions

ForthepurposesofthisCode,thefollowingdefinitionsshallapply:

● "1933Act"meanstheSecuritiesActof1933,asamended.

● "1934Act"meanstheSecuritiesExchangeActof1934,asamended.

● "Accessperson"meansanysupervisedpersonwho:hasaccesstononpublicinformationregardingany clients’purchaseorsaleofsecurities,ornonpublicinformationregardingtheportfolioholdingsofany Reportablefundourfirmoritscontrolaffiliatesmanageorhasaccesstosuchrecommendations;oris involvedinmakingsecuritiesrecommendationstoclientsthatarenonpublic.

● "Account"meansaccountsofanyemployeeandincludesaccountsoftheemployee’simmediatefamily members(anyrelativebybloodormarriagelivingintheemployee’shousehold),andanyaccountinwhich heorshehasadirectorindirectbeneficialinterest,suchastrustsandcustodialaccountsorother accountsinwhichtheemployeehasabeneficialinterest,controlsorexercisesinvestmentdiscretion.

● "AdvisersAct"meanstheInvestmentAdvisersActof1940,asamended.

● "Automaticinvestmentplan"meansaprograminwhichregularperiodicpurchases(orwithdrawals)are madeautomaticallyin(offrom)investmentaccountsinaccordancewithapredeterminedscheduleand allocation.Anautomaticinvestmentplanincludesadividendreinvestmentplan.

● "Beneficialinterest"shallbeinterpretedinthesamemannerasitwouldbeunderRule16a-1(a)(2)under theSecuritiesExchangeActof1934indeterminingwhetherapersonhasabeneficialinterestina securityforpurposesofSection16ofsuchActandtherulesandregulationsthereunder.

● "Beneficialownership"shallbeinterpretedinthesamemannerasitwouldbeunderRule16a-1(a)(2) undertheSecuritiesExchangeActof1934indeterminingwhetherapersonisthebeneficialownerofa securityforpurposesofSection16ofsuchActandtherulesandregulationsthereunder.

● "ChiefComplianceOfficer"(CCO)referstotheChiefComplianceOfficerofFreedomWealthAlliance.

● "Control"meansthepowertoexerciseacontrollinginfluenceoverthemanagementorpoliciesofa company,unlesssuchpowerissolelytheresultofanofficialpositionwithsuchcompany.

● "Initialpublicoffering"(IPO)meansanofferingofsecuritiesregisteredundertheSecuritiesActof1933, theissuerofwhich,immediatelybeforeregistration,wasnotsubjecttothereportingrequirementsof sections13or15(d)oftheSecuritiesExchangeActof1934.

● "Insideinformation"meansnon-publicinformation(i.e.,informationthatisnotavailabletoinvestors generally)thatthereisasubstantiallikelihoodthatareasonableinvestorwouldconsidertobeimportant indecidingwhethertobuy,sellorretainasecurityorwouldviewitashavingsignificantlyalteredthe

'totalmix'ofinformationavailable,

● "Insider"isbroadlydefinedasitappliestoFreedomWealthAlliance'sInsiderTradingpolicyand procedures.ItincludesourFirm'sofficers,directorsandemployees.Inaddition,apersoncanbea "temporaryinsider"iftheyenterintoaspecialconfidentialrelationshipintheconductofthecompany's affairsand,asaresult,aregivenaccesstoinformationsolelyforFreedomWealthAlliance'spurposes.A temporaryinsidercaninclude,amongothers,FreedomWealthAlliance'sattorneys,accountants, consultants,andtheemployeesofsuchorganizations.Furthermore,FreedomWealthAlliancemay becomeatemporaryinsiderofaclientitadvisesorforwhichitperformsotherservices.Ifaclient expectsFreedomWealthAlliancetokeepthedisclosednon-publicinformationconfidentialandthe relationshipimpliessuchaduty,thenFreedomWealthAlliancewillbeconsideredaninsider.

● "Insidertrading"isgenerallyunderstoodtorefertotheeffectingofsecuritiestransactionswhilein possessionofmaterial,non-publicinformation(regardlessofwhetheroneisan"insider")ortothe communicationofmaterial,non-publicinformationtoothers.

● "Investmentperson"meansasupervisedpersonofFreedomWealthAlliancewho,inconnectionwithhis orherregularfunctionsorduties,makesrecommendationsregardingthepurchaseorsaleofsecuritiesfor clientaccounts(e.g.,portfoliomanager)orprovidesinformationoradvicetoportfoliomanagers,orwho helpexecuteand/orimplementtheportfoliomanager'sdecision(e.g.,securitiesanalysts,traders,and portfolioassistants);andanynaturalpersonwhocontrolsFreedomWealthAllianceandwhoobtains informationconcerningrecommendationsmaderegardingthepurchaseorsaleofsecuritiesforclient accounts.

● "Investment-related"meansactivitiesthatpertaintosecurities,commodities,banking,insurance,orreal estate(including,butnotlimitedto,actingasorbeingassociatedwithaninvestmentadviser,broker- dealer,municipalsecuritiesdealer,governmentsecuritiesbrokerordealer,issuer,investmentcompany, futuressponsor,bank,orsavingsassociation).

● "Limitedoffering"meansanofferingofsecuritiesthatisexemptfromregistrationundertheSecurities

Actof1933pursuanttosection4(2)orsection4(6)orpursuanttoRule504,505,orRule506underthe

SecuritiesActof1933.

● "Privatefund"meansanissuerthatwouldbeaninvestmentcompanyasdefinedinsection3oftheInvestmentCompanyActof1940butforsection3(c)(1)or3(c)(7)ofthatAct.

● "Registeredfund"meansaninvestmentcompanyregisteredundertheInvestmentCompanyAct.

● "Reportablefund"meansanyregisteredinvestmentcompany,i.e.,mutualfund,forwhichourFirm,ora controlaffiliate,actsas investmentadviser,as definedin section2(a)(20)of theInvestmentCompany Act,orprincipalunderwriter.

● "Reportablesecurity"meansanysecurityasdefinedinSection202(a)(18)oftheAdvisersAct,except thatitdoesnotinclude:(i)TransactionsandholdingsindirectobligationsoftheGovernmentofthe UnitedStates;(ii)Bankers’acceptances,bankcertificatesofdeposit,commercialpaperandotherhigh qualityshort-termdebtinstruments,includingrepurchaseagreements;(iii)Sharesissuedbymoney marketfunds;(iv)Transactionsandholdingsinsharesofothertypesofopen-endregisteredmutual funds,unlessFreedomWealthAllianceoracontrolaffiliateactsastheinvestmentadviserorprincipal underwriterforthefund;(v)Transactionsinunitsofaunitinvestmenttrustiftheunitinvestmenttrust isinvestedexclusivelyinmutualfunds,unless FreedomWealthAllianceoracontrolaffiliateactsasthe investmentadviserorprincipalunderwriterforthefund;and(vi)529Plans,unlessFreedomWealth Allianceoracontrolaffiliatemanages,distributes,marketsorunderwritesthe529Planorthe investments(includingafundthatisdefinedasareportablefundunderRule204A-1)andstrategies underlyingthe529Planthatisacollegesavingsplan.

● "Supervisedperson"meansanydirectors,officersandpartnersofFreedomWealthAlliance(orotherpersons occupyingasimilarstatusorperformingsimilarfunctions);employeesofFreedomWealthAlliance;andany otherpersonwhoprovidesadviceonbehalfofFreedomWealthAllianceandissubjecttoFreedomWealth Alliance'ssupervisionandcontrol.

Appendix 1 – Restricted List

Company Name/Identifier / CUSIP / Date Added
LPL FINANCIAL / 50212V100 / 1/09/14