Firm Description Kingsview Wealth Management, LLC, (“KWM”) is a registered investment advisor with the Securities and Exchange Commission (“SEC”). Registration as a registered investment advisor does not imply a certain level of skill or training. The firm was founded in 2008. The owner of the firm is Kingsview Partners which is controlled by the 2017 Lewis Family Trust. Advisory Services Offered KWM provides wealth management, financial planning and asset management services to our clients. Our individualized wealth management investment advice is provided through our Investment Adviser Representatives (“IARs”). Advice may be provided on a discretionary or non- discretionary basis. For our planning clients, KWM advises clients regarding cash flow, college planning, retirement planning, tax planning and estate planning. KWM does not act as a custodian of client assets. KWM places trades for clients under a limited power of attorney arrangement. Types of Advisory Services KWM services its clients through two primary business units: wealth management through IARs and our in-house asset management team, Kingsview Investment Management (“KIM”). Our wealth management business focuses on providing holistic solutions to our client’s financial needs while our asset management business through KIM provides various investment strategies to clients through registered investment companies, models, separately managed accounts and other investment products that serve as the building blocks for our clients’ investment portfolios. Our business units and investment products are described more fully below. Wealth Management Strategies Through our IARs, we provide financial planning, reporting, consulting, and investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities. Generally, IARs manage client accounts on a discretionary basis. Each IAR is either an employee of KWM or an independent contractor. The investment management style can range from aggressive to conservative. At the discretion of the IAR, trades may be made in traditional equities (stocks), fixed income instruments (bonds), equity and/or index options, mutual funds, unit investment trusts, futures, options on futures, or any other investment the IAR deems appropriate. Some investments utilized may include the use of margin or leverage. A KWM IAR may also use Kingsview Investment Management portfolios for an additional fee as detailed below. From time-to-time clients impose reasonable restrictions, limitations or other requirements with respect to their individual accounts. Client accounts are tailored to address the specific goals, objectives and constraints of each client. We consider a range of factors that can impact the investment management process, including risk tolerance, investment time horizon, current and future cash needs and such other circumstances deemed relevant. As described below, we also provide our clients with access to third-party managers (each a “Third Party Advisor”). This service provides clients access to a wide range of investment opportunities and asset classes, including international equities, emerging market equities, global fixed income, high-yield fixed income, private equity, commodities, hedge funds, structured notes and real assets. By combining third-party managers with our in-house resources, we seek to optimize our customized portfolio management capabilities for clients. Kingsview Investment Management (KIM) KWM has an internal portfolio management group known as KIM. KIM’s asset management services are offered to KWM clients through KWM IARs. KIM asset management services are also offered to non-KWM clients and unaffiliated advisors through model leases, promoter agreements, sub-advisory agreements and model trading agreements. KWM clients utilizing asset management services provided by KIM will incur charges in addition to the KWM advisory fee. As a result, KWM has a conflict of interest in recommending KIM strategies. Lower fees for comparable services may be available from other sources. You are not obligated to participate in KIM portfolios. Registered Investment Companies KWM offers certain KIM strategies via registered investment companies. KWM serves as the investment adviser to the Monarch ETFs, which are investment companies registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). KWM manages the assets of the Monarch ETFs in accordance with the investment objectives, policies and restrictions as set forth in each respective prospectus. Except as otherwise provided herein, clients that invest in Monarch ETFs will pay the fees applicable to the fund in addition to our standard wealth management fee. As a result, KWM has a conflict of interest in recommending our ETFs. Lower fees for comparable services may be available from other sources. You are not obligated to invest in the Monarch ETFs. Sub-Advisers For the Monarch ETFs, KWM employs a Sub-Adviser. KWM delegates certain of the operational responsibilities for the Monarch ETFs to the Sub-Adviser. KWM selects, monitors and oversees the performance of each Sub-Adviser. Investments Strategies and Trades Initiated by Clients This non-discretionary service is a supplement to a client’s overall investment strategy. Clients will do their own research and present their trading ideas and investment strategies to the IAR. The IAR will help the client determine if the trades or trading strategies are going to help the client reach their investment objectives. The client may want to trade complex investment products and/or strategies. The client will be solely responsible for the risks related to any client sourced investments. Upon request, the IAR may help the client execute the trades and provide ongoing monitoring of the investment. Selection of Other Advisors Commodity Trading Advisor Accounts and Third-Party Advisors – KWM has entered into agreements with third-parties offering managed account programs. Under these agreements, the third-parties have agreed to provide various types of money management programs and services to the clients of KWM. Commodity Trading Advisor Accounts - IARs may recommend and assist clients with establishing futures accounts managed by a Commodities Trading Advisor (“CTA”). The IAR may also be registered to sell futures as an Associated Person of an Introducing Broker. If the IAR is also registered to sell futures, he or she may receive usual and customary compensation associated with the trading of futures. An IAR who receives commission from futures trading has an incentive to recommend such trades to the extent the overall compensation payable to the IAR would increase. Third Party Advisors - KWM enters into agreements with third-party advisors offering managed account programs. Under these agreements, the third-party advisors have agreed to provide various types of money management programs and services to the Clients of KWM. All managed account programs utilized by KWM selects will be licensed as investment advisors by their resident state or with the United States Securities and Exchange Commission. KWM has entered into agreements with managed account programs for the provision of client services. KWM clients will enter into a direct contract

with the managed account program. After gathering information about a client's financial situation and investment objectives, KWM may recommend a third-party advisor depending on the money management services required by the client. The compensation of both KWM and managed account program is fully disclosed to each client in the program. KWM may or may not maintain the authority to hire and terminate the services of each managed account program employed by KWM. Each program’s fees are established and payable in accordance with the Form ADV Part 2 or other equivalent disclosure document of each managed account program selected by KWM. Fees for these programs may or may not be negotiable by KWM. Prior to rendering investment management services, KWM will ascertain, in conjunction with the client, the client’s financial situation, risk tolerance, and investment objective(s). Alternative Investment Products KWM provides access to certain alternative investment products through its partnership with CAIS Capital, LLC, an alternative investment platform for financial professionals who seek improved access to and education about alternative investment funds and products. KWM IARs and certain qualified clients have access to select strategies and products within private equity, real estate, private credit, qualified opportunity zones, hedge funds and structured solutions. Tax and Estate Planning Services KWM provides access to tax, estate and insurance reviews through its partnership with FP Alpha, Inc. FP Alpha’s AI engine reviews existing tax, estate and insurance documents to identify potential recommendations and action items to improve the client’s financial situation. KWM does not provide tax or legal advice. All recommendations should be reviewed by client’s tax or legal professional(s) prior to implementation. Financial Planning A financial plan is created by a KWM IAR to help the client without ongoing investment management after the financial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client. A conflict of interest exists because investment advice may involve investment advisory services for which KWM will charge an asset under management fee in addition to the financial planning fee. Additional conflicts of interest arise if the recommended plan involves the purchase of insurance products or investments in commodity futures. This is due to KWM’s affiliations with properly licensed entities, that are entitled to receive compensation for such transactions. The client is under no obligation to follow the advisor’s recommendation. The client is under no obligation to affect the transactions with KWM. Ongoing Financial Consulting KWM IARs may offer clients an ongoing financial consulting relationship. Where the IAR provides ongoing advice and guidance with respect to the implementation of a client’s overall financial plan. This service is non-discretionary and can include investment advice and financial planning. Retirement Plan Advisory Services We provide investment advisory, consulting services, and educational seminars/workshops to qualified and non-qualified retirement plans (the “Plans”) and their Plan participants. Any investment advice provided will be tailored to the investment policies of the plans. We may assist a plan in developing, modifying, and managing an investment policy statement (“IPS”) for our clients. We agree to provide investment advice on either a non-discretionary or discretionary basis. The written Advisory Agreement that we enter into with the Plan sponsor specifies the capacity in which we have been engaged:
• If a Plan sponsor selects non-discretionary investment advice, we would serve by providing investment advice within the meaning of section §3(21)(A)(ii)of the Employee Retirement Income Security Act of 1974 (“ERISA”) with respect to the specific investments we recommend to you in connection with our services to the Plan, and only to the extent that our investment recommendations are actually implemented by the Plan sponsor.
• If the Plan sponsor selects discretionary investment advice, we serve as an investment manager for the Plan within the meaning of ERISA § 3(38). Our fiduciary investment responsibilities are limited to those of an investment manager. We may provide periodic educations support and investment workshops designed for the plan participants, if provide for in our Agreement with the Plan Sponsor. Topics to be discussed will be determined in conjunction with the Plan Sponsor and in accordance with guidelines established in ERISA 404(c). The education support or investment workshops will not provide plan participants with individualized, tailored investment advice or individualized, tailored asset allocation recommendations. Wrap Fee Programs KWM provides investment strategies to accounts under wrap fee programs sponsored by other firms or “wrap sponsors”. The wrap sponsors, who are not affiliated with KWM, recommend and assist clients in selecting an appropriate KIM strategy, taking into account their financial situation and investment objectives. KWM’s role is to manage the client’s account according to the strategy selected. In one type of wrap fee arrangement, the client will only sign an agreement with the wrap sponsor. For these clients, KWM receives a portion of the wrap fee for providing these strategies. In a dual contract arrangement, the client signs an agreement with both KWM and the wrap sponsor. For these clients, the specific manner in which fees are calculated and paid to KWM is established in a separate agreement between KWM and the wrap sponsor. For some wrap sponsors, fees are calculated by KWM and an invoice is sent to the wrap sponsor. For other wrap sponsors, fees are calculated by the wrap sponsor and remitted to KWM. Model Portfolio Provider (also known as Unified Managed Account Programs) KWM provides certain KIM investment strategies via a model-based solution to other investment advisors. As the model portfolio provider, KWM designs, monitors and updates the portfolio. The investment advisors then implement the model portfolio for their clients and adjust the model portfolio as recommended by KWM. KWM does not have trading discretion for accounts in this structure. Other Services Certain KWM personnel are registered representatives of an unaffiliated broker-dealer, Foreside Fund Services, LLC (“Foreside”) and will engage in wholesaling and client service activities on behalf of the Monarch ETFs. Any securities related sales activities are conducted exclusively through Foreside. Assets Under Management As of December 31, 2023, KWM manages approximately $4,845,686,420, of which $4,827,708,683 is on a discretionary basis and advises on an additional $131,923240.