A. Description of the Advisory Firm HF Advisory Group, LLC (hereinafter “HFA Group”) is a corporation organized in the State of Maryland. The firm was formed in January 2009, became registered as an investment advisor in 2020, and the principal owner is Raymond L Hobson. B. Types of Advisory Services Portfolio Management Services HFA Group offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. HFA Group creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not limited to, the following: • Investment strategy • Personal investment policy • Asset allocation • Asset selection • Risk tolerance • Regular portfolio monitoring HFA Group evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. HFA Group will require discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. HFA utilizes Riskalyze, a software which is used to calculate a client’s risk tolerance. HFA Group seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of HFA Group’s economic, investment or other financial interests. To meet its fiduciary obligations, HFA Group attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, HFA Group’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is HFA Group’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent among its clients on a fair and equitable basis over time. Financial Planning Financial plans and financial planning may include but are not limited to: investment planning; life insurance; tax concerns; retirement planning; college planning; and debt/credit planning. In offering financial planning, a conflict exists between the interests of the investment adviser and the interests of the client. The client is under no obligation to act upon the investment adviser's recommendation, and, if the client elects to act on any of the recommendations, the client is under no obligation to effect the transaction through the investment adviser. This statement is required by California Code of Regulations,

10 CCR Section 260.235.2. Services Limited to Specific Types of Investments HFA Group generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds, non-U.S. securities, venture capital funds and private placements. HFA Group may use other securities as well to help diversify a portfolio when applicable. Written Acknowledgement of Fiduciary Status When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice).
• Never put our financial interests ahead of yours when making recommendations (give loyal advice).
• Avoid misleading statements about conflicts of interest, fees, and investments.
• Follow policies and procedures designed to ensure that we give advice that is in your best interest.
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. C. Client Tailored Services and Client Imposed Restrictions HFA Group offers the same suite of services to all of its clients. HFA utilizes redtail to document the Income & Tax levels. HFA utilizes Riskalyze for risk tolerance. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent HFA Group from properly servicing the client account, or if the restrictions would require HFA Group to deviate from its standard suite of services, HFA Group reserves the right to end the relationship. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and other administrative fees. HFA Group does not participate in any wrap fee programs. E. Assets Under Management HFA Group has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $189,119,492.00 $0 December 2023