EFTA01547035

SOUTHERN FINANCIAL, LLC 6100 RED HOOK QUARTER B3 ST THOMAS 00802 VIRGIN ISLANDS (U.S.) PROT0 PROT1 For the Period 9/1/13 to 9/30/13 Account Summary Account Number Investment Account(s) SOUTHERN FINANCIAL LLC Total Value 2 1 Beginning Net Market Value 70,977,092.83 0.00 23,664,284.95 0.00 $94,641,377.78 Ending Net Market Value 33,389,482.66 0.00 62,992,867.81 0.00 $96,382,350.47 This account summary is provided for informational purposes and includes assets at different entities. (1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit Insurance Corporation ("FDIC"), except for exchangelisted options, which are held at 3PMorgan Clearing Corporation ("JPMCC"). The Asset Account Statement reflects brokerage transactions executed through J.P. Morgan Securities LLC ("JPMS"), see "Portfolio Activity Detail". Equity securities, fixed income securities, and listed options transactions are generally cleared through JPMCC, a wholly owned subsidiary of 3PMS. Please see "Additional Information About Your Accounts" at the end of the Asset Account Statement. (2) Assets held in Margin Account at JPMCC, member Financial Regulatory Authority ("FINRA") and Securities Insurance Protection Corporation ("SIPC"). The Margin Account Statement reflects brokerage transactions executed by JPMS, see "Portfolio Activity Detail". Such transactions are cleared and carried through JPMCC. Please see disclosures located at the end of this statement package for important information relating to each 3.P.Morgan account(s). Change PROT2 In Value (37,587,610.17) 0.00 39,328,582.86 0.00 $1,740,972.69 Start on Page 4 38 39 56 Client News J.P. Morgan Securities LLC's (JPMS LLC) and J.P. Morgan Clearing Corp.'s (JPMCC) Net Capital and Net Capital Requirements At June 30, 2013, JPMS LLC's net capital of $13.8 billion exceeded the minimum regulatory net capital requirement of $1.8 billion by $12.0 billion. JPMCC's net capital of $6.7 billion was approximately 7.9% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $1.7 billion by $5.0 billion. Complete copies of JPMS LLC's and JPMCC's individual unaudited Statement of Financial Condition may be obtained, at no cost, by accessing: http://investor.shareholder.com/jpmorganchase/financialcondition.cfm Additionally, you may call 1-866-576-1300 to request a hard copy of the statement. 0000007991.15.0.15.00001.SOUTHAH.20131002 Consolidated Statement Page 1 PROT3 THIS PAGE INTENTIONALLY LEFT BLANK PROT4 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 44,300,328.69 2,021,051.39 47,434,837.61 $93,756,217.69 885,160.09 $94,641,377.78 Ending Market Value 45,890,984.95 1,792,473.02 47,946,882.01 $95,630,339.98 752,010.49 $96,382,350.47 Change In Value 1,590,656.26 (228,578.37) 512,044.40 $1,874,122.29 (133,149.60) $1,740,972.69 Equity Current Portfolio Activity Beginning Market Value Net Contributions/Withdrawals Income & Distributions Change in Investment Value Ending Market Value Accruals Period Value 93,756,217.69 10,879.90 107,683.41 1,755,558.98 $95,630,339.98 752,010.49 PROT5 $96,382,350.47 Year-to-Date Value 0.00 90,316,325.82 1,567,824.85 3,746,189.31 $95,630,339.98 752,010.49 $96,382,350.47 Estimated 2,514,419.64 Current Annual Income Allocation 48% Cash & 2% 1,495,074.31 $4,009,493.95 50% 100% Alternative Assets Fixed Income This Consolidated Summary shows all of your investments at J.P. Morgan other than investments we hold in trust for you. These investments may be held in custody or investment management account at JPMorgan Chase Bank, N.A. (the "Bank") or in a brokerage or margin account at J.P. Morgan Clearing Corp. ("JPMCC"). Brokerage and margin accounts are non-discretionary and all investment decisions are made by the client. J.P. Morgan Securities LLC ("JPMS") does not provide advice on asset allocation or investment management services, nor do its personnel take discretion over any client accounts. Such advice and services are provided exclusively by the Bank. Consolidated Statement Page 2 PROT6 Consolidated Summary INVESTMENT ACCOUNT(S) YEAR-TO-DATE Total Value Income Summary Total Value Account Number Beginning Market Value 0.00 0.00 $0.00 Account Number Net Contributions/ Withdrawals 30,086,952.29 60,229,373.53 $90,316,325.82 Income 1,049,551.08 20,907.04 $1,070,458.12 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Income Other Income & Receipts 497,366.73 $497,366.73 Income & Distributions 1,049,551.08 518,273.77 $1,567,824.85 Change in Investment Value 1,941,206.13 1,804,983.18 $3,746,189.31 Realized Gain/Loss PROT7 Short-term 616,356.54 1,902.00 $618,258.54 ($285,078.32) Long-term (285,078.32) Ending Market Value with Accruals 33,389,482.66 62,992,867.81 $96,382,350.47 Unrealized Gain/Loss, 1,640,083.09 3,720,854.24 $5,360,937.33 CONTINUED Consolidated Statement Page 3 PROT8 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL, LLC ACCT. Asset Account J.P. Morgan Team William Sheridan Justin Nelson Paul Barrett Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Investment Specialist Client Service Team [repeated 3 times] www.jpmorganonline.com important information relating to each J.P.Morgan account(s). 212/464-1321 203/629-3124 212/622-2770 800/634-1318 Table of Contents Holdings Equity Alternative Assets Page 2 4 9 10 16 Account Page 1 of 34 Consolidated Statement Page 4 PROT9 SOUTHERN FINANCIAL, LLC ACCT. • Equity Alternative Assets Market Value Accruals Beginning Market Value 35,278,219.09 2,021,051.39 32,792,785.62 $70,092,056.10 885,036.73 $70,977,092.83 Ending Market Value 7,196,680.27 1,792,473.02 24,088,556.21 $33,077,709.50 311,773.16 $33,389,482.66 Current Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals (0.02) (37,981,777.00) ($37,981,777.02 ) 107,067.53 860,362.89 $33,077,709.50 311,773.16 $33,389,482.66 Period Value 70,092,056.10 Change In Value PROT10 (28,081,538.82) (228,578.37) (8,704,229.41) ($37,014,346.60 ) (573,263.57) ($37,587,610.17 ) Year-to-Date Value 0.00 15,362,706.02 (430,430.13) 53,240,793.69 (38,086,117.29) $30,086,952.29 1,049,551.08 1,941,206.13 $33,077,709.50 311,773.16 $33,389,482.66 Estimated Current Annual Income Allocation 22% 5% 844,378.86 $844,378.86 73% 100% Alternative Assets Cash & Fixed Income Equity Account Page 2 of 34 Consolidated Statement Page 5 PROT11 Income Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Accrued Interest Current Year Income CONTINUED Current Period Value 42,156.25 54,375.00 (82,061.37) 107,316.00 34,239.98 (48,958.33) $107,067.53 Year-to-Date Value 667,695.00 108,750.00 (458,703.08) 868,470.64 34,239.98 (170,901.46) $1,049,551.08 Unrealized Gain/Loss To-Date Value $1,640,083.09 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 308,177.72 (440,515.64) ($132,337.92) Year-to-Date Value 616,356.54 (285,078.32) $331,278.22 Cost Summary Equity Total 22,576,195.37 PROT12 Cost 6,978,122.54 $29,554,317.91 Account Page 3 of 34 Consolidated Statement Page 6 PROT13 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Non-US Equity European Large Cap Equity Emerging Market Equity Preferred Stocks Concentrated & Other Equity Unclassified Total Value Market Value/Cost Market Value Cost Accrued Dividends Beginning Market Value 3,973,273.78 938,500.00 3,506,921.96 1,962,200.00 833,168.31 8,600,970.99 15,463,184.05 0.00 $35,278,219.09 Ending Market Value 0.00 0.00 3,845,048.36 2,051,200.00 0.00 330,412.42 (29,980.51) 1,000,000.00 $7,196,680.27 Current Period Value 7,196,680.27 6,978,122.54 248,538.24 4,370.00 Equity as a percentage of your portfolio - 22 % Change In Value (3,973,273.78) (938,500.00) PROT14 338,126.40 89,000.00 (833,168.31) (8,270,558.57) (15,493,164.56) 1,000,000.00 ($28,081,538.82 ) Current Allocation 12% 6% 1% Unclassified 3% 22% European Large Cap Equity Non-US Equity Account Page 4 of 34 Consolidated Statement Page 7 PROT15 Note: P indicates position adjusted for Pending Trade Activity. Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price P P GENERAL ELECTRIC CO UIL HOLDINGS CORP WESTAR ENERGY INC Total US Large Cap Equity 369604-10-3 GE 37.18 902748-10-2 UIL 30.65 95709T-10-0 WR $0.00 [repeated 4 times] $4,370.00 P [repeated 3 times] ENDURO ROYALTY TRUST RINGCENTRAL INC-CLASS A VIOLIN MEMORY INC 29269K-10-0 NDRO 17.50 76680R-20-6 RNG 9.00 92763A-10-1 VMEM Total US Small/Mid Cap Equity $0.00 0.00% 0.00 0.00 12.59 0.00 PROT16 12.13% 0.00% 0.00 4.44% 0.00 23.89 0.00 4,370.00 4.65% 3.18% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Account Page 5 of 34 Consolidated Statement Page 8 PROT17 Price Non-US Equity ACCOR SA ISIN FR0000120404 SEDOL 5852842 F00189-90-6 UR ADECCO SA-REG ISIN CH0012138605 SEDOL 7110720 H00392-92-0 HF AUTOGRILL SA ISIN IT000113734 SEDOL 5256206 T8347V-91-5 UR BNP PARIBAS ISIN FR0000131104 SEDOL 7309681 F07875-90-3 UR CARREFOUR SUPERMARCHE ISIN FR0000120172 SEDOL 5641567 F13923-90-3 UR COCA-COLA HBC AG ISIN CH0198251305 SEDOL B9895B7 588874-91-7 BP COMPAGNIE DE SAINT-GOBAIN ISIN FR0000125007 SEDOL 7380482 F80343-95-1 UR FRAPORT AG ISIN DE0005773303 SEDOL 7107551 D3856U-90-0 UR JC DECAUX INTERNATIONAL ISIN FR0000077919 SEDOL 7136663 F5333N-91-0 UR 36.84 10,000.000 368,395.84 327,986.80 40,409.04 69.88 5,000.000 349,383.83 327,646.17 21,737.66 49.55 6,750.000 334,464.91 319,967.65 14,497.26 29.96 11,300.000 338,535.56 331,777.88 6,757.68 PROT18 34.35 10,500.000 360,663.11 329,196.98 31,466.13 67.68 5,000.000 338,412.50 329,132.36 9,280.14 17.58 21,400.000 376,295.74 333,823.48 42,472.26 71.22 4,900.000 348,974.29 339,220.24 9,754.05 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield 41.61 8,750.000 364,098.00 337,612.87 26,485.13 Account Page 6 of 34 Consolidated Statement Page 9 PROT19 Price Non-US Equity LLOYDS BANKING GROUP PLC ISIN GB0008706128 SEDOL 0870612 G91101-10-8 BP RENAULT SA ISIN FR0000131906/SEDOL 4712798 759994-90-8 UR Total Non-US Equity $3,845,048.36 $3,637,834.94 $207,213.42 $0.00 0.00% 79.77 4,000.000 319,082.37 317,870.23 1,212.14 1.19 291,000.000 346,742.21 343,600.28 3,141.93 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield European Large Cap Equity HSBC CONT BUFF EQ SX5E 08/29/14 102.56 80% EKO BARRIER- 4%CPN 17% CAP INITIAL LEVEL-05/24/13 SX5E:2764.29 40432X-FP-1 VOLKSWAGEN AG PFD ISIN DE0007664039 SEDOL 5497168 928662-92-3 UR 2,000,000.000 2,051,200.00 2,000,000.00 51,200.00 236.01 PROT20 1,400.000 330,412.42 340,287.60 (9,875.18) Account Page 7 of 34 Consolidated Statement Page 10 PROT21 Price LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 N/O Client SWPBDR-UH-6 Unclassified P JPM CONT BUFF EQ SX7P 10/16/14 85% CONTIN BARRIER- 0%CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 48126N-VE-4 100.00 1,000,000.000 1,000,000.00 1,000,000.00 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield 1.00 888,972.000 (29,980.51) N/A ** N/A Account Page 8 of 34 Consolidated Statement Page 11 PROT22 Alternative Assets Summary Beginning Hard Assets Estimated Value 2,021,051.39 Alternative Assets Detail Price Hard Assets SG MARKET PLUS WTI CRUDE 08/05/14 LNKD TO CL1 78.75% BARRIER- 10%CPN ,UNCAPPED INITIAL LEVEL-07/25/13 CL1:105.68 78423E-HS-6 WTI CALL OPTION USD PUT OPTION STRIKE 110.00 EXPIRING 02/14/2014 250,000 BARRELS OTCBDC-PH-K WTI PUT OPTION USD CALL OPTION STRIKE 93.50, KI @ EXP 83.50 EXPIRING 02/14/2014 250,000 BARRELS OTCBDP-KG-F Total Hard Assets $1,792,473.02 $2,000,000.00 Account Page 9 of 34 Consolidated Statement Page 12 1.00 (250.000) (504,232.71) (562,500.00) 1.00 250.000 303,305.73 562,500.00 99.67 2,000,000.000 1,993,400.00 2,000,000.00 Quantity Estimated Value Cost Ending Estimated Value PROT23 1,792,473.02 Change In Value (228,578.37) Current Allocation 5% PROT24 Cash & Fixed Income Summary Beginning Cash Non-USD Cash US Fixed Income Non-US Fixed Income Complementary Structured Strategies Foreign Exchange Contracts Total Value Market Value/Cost Market Value Cost Estimated Annual Income Accrued Interest Yield Market Value 1,645,091.62 373,398.54 23,908,322.34 2,970,682.30 3,852,993.10 42,297.72 $32,792,785.62 Ending Market Value 8,151,028.93 383,323.91 11,966,252.62 2,193,750.00 1,480,911.74 (86,710.99) $24,088,556.21 Current Period Value 24,088,556.21 22,576,195.37 1,599,071.83 844,378.86 307,403.16 4.39% Cash Cash & Fixed Income as a percentage of your portfolio 73 % Change In Value 6,505,937.31 9,925.37 (11,942,069.72) PROT25 (776,932.30) (2,372,081.36) (129,008.71) ($8,704,229.41 ) Current Allocation 25% 1% 36% 7% 4% 73% Non-USD Cash Non-US Fixed Income Complementary Structured Strategies Asset Cate ories Account Page 10 of 34 Consolidated Statement Page 13 PROT26 SUMMARY BY MATURITY 1 0-6 months 1-5 years' 5-10 years' 10+ years' Total Value 1 SUMMARY BY TYPE Market Value 10,015,264.58 2,193,750.00 3,908,750.00 8,057,502.62 $24,175,267.20 % of Bond Portfolio 46% 8% 15% 31% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash NON USD Cash Corporate Bonds International Bonds Mortgage and Asset Backed Bonds Complementary Structure Total Value Market Value 8,151,028.93 383,323.91 2,120,000.00 7,128,420.00 4,911,582.62 1,480,911.74 $24,175,267.20 % of Bond Portfolio 39% 1% 8% PROT27 28% 19% 5% 100% Account Page 11 of 34 Consolidated Statement Page 14 PROT28 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY Value in Currency CANADIAN DOLLAR JAPANESE YEN (5,000,000.00) 468,650,000.00 Note: 1 This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Fixed Income Detail Price Cash US DOLLAR COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Total Cash 1.00 9,092,533.00 (1,173,375.00 ) 231,870.93 9,092,533.00 (1,173,375.00) 231,870.93 $8,151,028.93 9,092,533.00 (1,173,375.00) 231,870.93 $8,151,028.93 $0.00 $909.25 $30.11 0.01% 909.25 30.11 0.01% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income PROT29 Yield Account Page 12 of 34 Consolidated Statement Page 15 PROT30 Price Non-USD Cash EURO PRINCIPAL CURRENCY KINDRED HEALTHCARE INC 8 1/4% JUN 01 2019 DTD 06/01/2011 494580-AB-9 NR /B3 LLOYDS BANK PLC MTN 9 7/8% DEC 16 2021 DTD 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FQXT1 G4715J-9D-3 BBB /BA1 SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT 12/20/2032 DTD 10/30/2002 81744A-AB-4 CCC /CAA COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% 03/25/2033 DTD 01/01/2003 12669D-YS-1 STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 6.000% 04/25/2033 DTD 03/28/2003 86359A-QW-6 CCC / COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% 08/25/2033 DTD 06/01/2003 12669E-RR-9 63.36 1,329,890.45 842,552.09 1,024,015.64 (181,463.55) 7,099.32 590.47 6.49% 94.16 929,400.49 875,077.03 929,400.49 (54,323.46) 55,764.02 4,647.00 7.63% 94.06 1,242,557.86 1,168,774.77 1,186,642.75 PROT31 (17,867.98) 71,447.07 5,953.09 6.04% 75.79 1,021,478.31 774,147.76 753,340.26 20,807.50 16,887.07 91.93 5.57% 119.25 1,500,000.00 1,788,750.00 1,627,500.00 161,250.00 148,125.00 117,265.50 6.74% 106.00 2,000,000.00 2,120,000.00 1,966,250.00 153,750.00 165,000.00 55,000.00 6.95% 1.35 283,178.22 383,323.91 377,195.09 6,128.82 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Yield Account Page 13 of 34 Consolidated Statement Page 16 PROT32 Price IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 DTD 03/03/2005 45254N-NC-7 CC /CA CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 161630-AK-4 CCC /CA LBG CAPITAL NO.1 PLC 144A VAR RT 12/29/2049 DTD 12/15/2009 HELD BY EUROCLEAR ISIN XS0473106283 SEDOL B51C139 50178R-9A-1 BB- /NA Total US Fixed Income $11,966,252.62 $11,797,971.35 $168,281.27 $718,469.61 $254,248.05 Non-US Fixed Income PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 71668A-9B-9 6.67% 104.86 3,000,000.00 3,145,920.00 3,247,500.00 (101,580.00) 240,000.00 70,665.00 7.60% 96.57 0.02 3.24% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss PROT33 Yield 82.06 1,524,476.26 1,251,030.95 1,063,322.19 187,708.76 14,147.13 35.06 4.44% 87.75 2,500,000.00 2,193,750.00 2,250,000.00 (56,250.00) 125,000.00 53,125.00 11.82% Account Page 14 of 34 Consolidated Statement Page 17 PROT34 Price Complementary Structured Strategies JPY CALL CAD PUT FX EUROPEAN STYLE OPTION OCT 08, 2013 @ 76.9 AT EXP KI @ 69.65 XJPYCA-TZ-Z AD JPY PUT CAD CALL FX EUROPEAN STYLE OPTION OCT 08, 2013 @ 80.9 XJPYPB-EX-Z AD Total Complementary Structured Strategies $1,480,911.74 $0.00 $1,480,911.74 $0.00 0.00% 0.18 809,000,000.00 1,480,911.74 336,952.82 1,143,958.92 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Yield (769,000,000.00 ) (336,952.82) 336,952.82 Market Value Receivable Trade Date Foreign Exchange Contracts CANADIAN DOLLAR JAPANESE YEN Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value PROT35 Payable Unrealized Gain/Loss Aug. 23 13 Oct. 10 13 CAD JPY (5,000,000.00) 468,650,000.00 93.730000 95.431595 4,776,353.32 4,863,064.31 (86,710.99) Account Page 15 of 34 Consolidated Statement Page 18 PROT36 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 12,434,002.46 (4,995,200.00) $7,438,802.46 $9,092,533.00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 43,687,044.90 (47,382,903.92) ($3,695,859.02) -$0.00 104,000.00 $258,888.92 Period Value 1,394,841.62 154,888.92 Year-To-Date Value* -1,449,566.07 14,227,338.26 6,518,663.17 $22,195,567.50 (430,430.11) (8,976,745.37) ($9,407,175.48) Current Cost Adjustments Cost Adjustments PROT37 Total Cost Adjustments Period Value $0.00 Year-To-Date Value* 6,129,741.97 $6,129,741.97 Current Securities Transferred In/Out Period Value (37,981,777.00) Year-To-Date Value* 52,196,971.85 (38,086,117.29) Account Page 16 of 34 Consolidated Statement Page 19 PROT38 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 9/3 9/12 9/19 9/19 9/20 9/20 Accrued Int Recd Interest Income Div Domest Accrued Int Paid Corporate Interest Description ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 (ID: 989701-BF-3) DEPOSIT SWEEP INTEREST FOR 08/01/13 - 08/31/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $2,353,433.31 AS OF 09/01/13 GENERAL MOTORS CO CV PFD B @ 0.59375 PER SHARE (ID: 37045V-20-9) ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 (ID: 989701-BF-3) PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 (ID: 71668A-9B-9) PETROLEOS DE VENEZUELA S 8 1/2% NOV 02 2017 DTD 10/29/2010 HELD BY EUROCLEAR ISIN USP7807HAK16 SEDOL BSSCOL3 (ID: 716550-9A-8) SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT 12/20/2032 DTD 10/30/2002 (ID: 81744A-AB-4) ENTRY REVERSED ON 10/02/2013 CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 (ID: 161630-AK-4) 9/23 HOMEBANC MORTGAGE TRUST 2004-1 CL 1M1 VAR RT 08/25/2029 DTD 07/30/2004 (ID: 43739E-AC-1) 960,981.704 0.001 PROT39 810.29 1,027,327.757 1,828,512.946 0.001 0.001 1,403.21 2,623.48 2,500,000.000 0.032 80,868.06 71,000.000 450,000.000 2,500,000.000 0.00 0.594 0.006 0.02 42,156.25 2,610.00 (48,958.33) Quantity Cost 250,000.000 Per Unit Amount 0.004 Amount 1,000.00 19.71 Account Page 17 of 34 Consolidated Statement Page 20 PROT40 Type Income 9/25 9/30 Corporate Interest Foreign Dividend Total Income Type Spot FX 9/23 Description LINKED CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 5.748750000 DEAL 09/18/13 VALUE 09/23/13 (ID: OARSPR-CV-1) Quantity Cost (597,870.000) (104,000.00) Description COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% 03/25/2033 DTD 01/01/2003 (ID: 12669D-YS-1) COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% 08/25/2033 DTD 06/01/2003 (ID: 12669E-RR-9) IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 DTD 03/03/2005 (ID: 45254N-NC-7) STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 6.000% 04/25/2033 DTD 03/28/2003 (ID: 86359A-QW-6) ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE @ 0.453125 PER SHARE (ID: 780097-71-3) $154,888.92 120,000.000 0.453 54,375.00 Quantity Cost 1,258,961.920 1,347,212.307 1,542,857.020 PROT41 936,183.760 Per Unit Amount 0.005 0.004 0.001 0.005 Amount 6,094.98 6,013.93 1,181.65 4,690.69 Amount 104,000.00 Account Page 18 of 34 Consolidated Statement Page 21 PROT42 SECURITIES TRANSFERRED IN/OUT Notes: 9/25 Free Delivery 9/25 9/25 Free Delivery Free Delivery Description ALLY FINANCIAL INC 8 1/2% PFD ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 02005N-30-8) ARIAD PHARMACEUTICALS INC ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 04033A-10-0) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 060505-DT-8) 9/25 Free Delivery BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 ASSET TRANSFER TO A/C W92099-0 (ID: 06739F-HK-0) 9/25 Free Delivery BIOGEN IDEC INC ASSET TRANSFER TO A/C W92099-0 (ID: 09062X-10-3) DEUTSCHE BK AG LDN BRH DBL LONG ETN38 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 25154H-55-8) EARTHLINK INC 8 7/8% MAY 15 2019 DTD 05/17/2011 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 270321-AC-6) (2,095.000) 250,454.95 (50,000.000) 352,529.00 (1,000,000.000 ) 1,033,500.00 (510,216.30) PROT43 (420,500.00) (956,250.00) (300,000.000) 300,000.00 (310,434.00) * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Quantity Cost (126,600.000) 2,782,242.51 (16,535.000) 290,997.40 (2,000,000.000 ) 2,081,180.56 Transaction Market Value * (3,411,870.00) (327,558.35) (2,218,860.00) Account Page 19 of 34 Consolidated Statement Page 22 PROT44 Notes: Type 9/25 Free Delivery 9/25 Free Delivery Description FACEBOOK INC-A ASSET TRANSFER TO A/C W92099-0 (ID: 30303M-10-2) GMAC CAPITAL TRUST I PFD STK 8 1/8% ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 361860-20-8) GENERAL ELECTRIC CO ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 369604-10-3) GENERAL ELEC CAP CORP 7.125% DEC 15 2049 DTD 06/12/2012 ASSET TRANSFER TO A/C W92099-0 (ID: 369622-SN-6) 9/25 Free Delivery GENERAL ELEC CAP CORP 5.250% 12/31/2049 DTD 05/29/2013 ASSET TRANSFER TO A/C W92099-0 (ID: 369622-ST-3) 9/25 Free Delivery GENERAL MOTORS CO CV PFD B ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 37045V-20-9) HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 42210P-AQ-5) JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 PROT45 DTD 04/23/2008 ASSET TRANSFER TO A/C W92099-0 (ID: 46625H-HA-1) Account Page 20 of 34 Consolidated Statement Page 23 (71,000.000) 3,585,969.22 (1,000,000.000 ) 1,035,000.00 (5,000,000.000 ) 5,498,006.95 (3,591,180.00) (1,055,000.00) (5,519,050.00) (1,400,000.000 ) 1,400,000.00 (1,298,696.00) Quantity Cost (17,500.000) 665,000.00 (80,000.000) 1,882,773.60 (23,000.000) 496,109.08 (2,000,000.000 ) 2,122,916.67 Transaction Market Value * (847,875.00) (2,144,000.00) (559,360.00) (2,193,080.00) PROT46 Notes: Type 9/25 Free Delivery Description JPMORGAN CHASE & CO VAR RT 07/24/2013 DTD 07/29/2013 ASSET TRANSFER TO A/C W92099-0 (ID: 48126H-AA-8) 9/25 Free Delivery ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE ASSET TRANSFER TO A/C W92099-0 (ID: 780097-71-3) 9/25 9/25 Free Delivery Free Delivery SANGAMO BIOSCIENCES INC ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 800677-10-6) SERVICEMASTER COMPANY 8% FEB 15 2020 DTD 02/13/2012 ASSET TRANSFER TO A/C W92099-0 (ID: 81760N-AN-9) 9/25 Free Delivery SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 ASSET TRANSFER TO A/C W92099-0 (ID: 842400-FU-2) 9/27 9/27 Free Delivery Free Delivery Total Securities Transferred Out Account Page 21 of 34 3PM LATIN AMERICA FD - SEL FUND 3815 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC CLIENT REF 3264036 (ID: 4812A3-47-8) 3PM VALUE ADVANTAGE FD - INSTL FUND 1400 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, PROT47 LLC CLIENT REF 3264036 (ID: 4812A2-58-7) (49,504.950) 1,000,000.00 (78,709.170) 2,000,000.00 (915,841.58) (2,032,270.77) ($37,981,777.00) Consolidated Statement Page 24 (3,000,000.000 ) 3,016,649.17 (3,114,450.00) (50,000.000) 422,214.00 (2,500,000.000 ) 2,665,625.00 (518,000.00) (2,518,750.00) (120,000.000) 2,924,400.00 (2,802,000.00) Quantity Cost (750,000.000) 750,000.00 Transaction Market Value * (716,535.00) PROT48 TRADE ACTIVITY Note: Trade Date Settle Date 8/28 9/3 9/4 9/9 9/10 9/5 9/11 9/5 9/11 9/10 9/12 9/9 9/12 L indicates Long Term Realized Gain/Loss C indicates Currency Gain/Loss S indicates Short Term Realized Gain/Loss 0 indicates Ordinary Income Realized Gain * Settled transaction was initiated in prior statement period and settled in current statement period Type Selection Method Description Sale High Cost Sale High Cost Expired Option High Cost Expired Option High Cost Sale High Cost Sale High Cost Sell Option FIFO Sale High Cost ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 @ 100.10 JP MORGAN SECURITIES LLC (BIDL) (ID: 989701-BF-3) MEDLEY CAPITAL CORP @ 12.895385 83,820.00 PROT49 BROKERAGE 260.00 TAX &/OR SEC 1.46 J.P. MORGAN SECURITIES LLC (ID: 58503F-10-6) JPY CALL USD PUT FX EUROPEAN STYLE OPTION SEP 486,250,000.000 10, 2013 @ 97.25 AT EXP KI @94.75 EXPIRATION OF WRITTEN FX OPTION (ID: XJPYCA-UI-Z) JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP 500,000,000.000 10, 2013 @ 105. EXPIRATION OF WRITTEN FX OPTION (ID: XJPYPB-FK-Z) JARDEN CORP @ 46.95 46,950.00 BROKERAGE 40.00 TAX &/OR SEC .82 J.P. MORGAN SECURITIES LLC (ID: 471109-10-8) LINKEDIN CORP - A @ 240.00 360,000.00 BROKERAGE 60.00 TAX &/OR SEC 6.27 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP (500,000,000.000 ) 10, 2013 @ 100. RESALE OF PURCHASED FX OPTION (ID: XJPYPB-FJ-Z) ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 @ 100.10 450,450.00 BROKERAGE 225.00 JP MORGAN SECURITIES LLC (BIDL) (ID: 989701-BF-3) Account Page 22 of 34 Consolidated Statement Page 25 (450,000.000) 100.05 450,225.00 (450,000.00) 225.00 S 17,438.96 (121,500.00) (104,061.04) C (1,500.000) 239.956 359,933.73 (334,500.00) 25,433.73 S (1,000.000) 46.909 46,909.18 (47,000.00) (90.82) S 36,500.00 36,500.00 C 85,000.00 85,000.00 C (6,500.000) 12.855 83,558.54 (84,500.00) (941.46) S Quantity PROT50 (250,000.000) Per Unit Amount 100.10 Proceeds 250,250.00 Cost (250,000.00) Realized Gain/Loss 250.00 S* PROT51 Trade Date Settle Date 9/10 9/13 9/10 9/13 9/13 9/18 9/13 9/18 9/13 9/18 9/16 9/19 9/16 9/19 9/20 9/20 9/17 9/20 Type Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost ENBRIDGE ENERGY MANAGEMENT LLC @ 28.376671 99,318.35 BROKERAGE 140.00 TAX &/OR SEC 1.73 J.P. MORGAN SECURITIES LLC (ID: 29250X-10-3) INERGY MIDSTREAM LP @ 22.178804 55,447.01 BROKERAGE 100.00 TAX &/OR SEC .97 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) STRATASYS LTD @ 93.10 279,300.00 BROKERAGE 120.00 TAX &/OR SEC 4.86 J.P. MORGAN SECURITIES LLC (ID: M85548-10-1) COMPANIA CERVECERIAS UNIDAS S A ADR @ 26.80 53,600.00 BROKERAGE 80.00 TAX &/OR SEC .94 J.P. MORGAN SECURITIES LLC (ID: 204429-10-4) PROT52 EVERTEC INC @ 22.80 68,400.00 BROKERAGE 120.00 TAX &/OR SEC 1.20 J.P. MORGAN SECURITIES LLC (ID: 30040P-10-3) PETROLEOS DE VENEZUELA S 8 1/2% NOV 02 2017 DTD (2,500,000.000 10/29/2010 HELD BY EUROCLEAR ISIN USP7807HAK16 SEDOL B5SCOL3 (ID: 716550-9A-8) CITIGROUP INC PFD 7.125% @ 25.00 1,625,000.00 BROKERAGE 2,600.00 TAX &/OR SEC 28.28 J.P. MORGAN SECURITIES LLC (ID: 172967-35-8) Principal Payment SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT Pro Rata Sale High Cost (5,849.450) 12/20/2032 DTD 10/30/2002 PAYMENT A/C PRINCIPAL (ID: 81744A-AB-4) ENTRY REVERSED ON 10/02/2013 CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 @ 90.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,180,000.00 (ID: 161630-AK-4) Account Page 23 of 34 Consolidated Statement Page 26 (1,828,512.946 ) 90.00 1,645,661.66 (1,618,233.96) 27,427.70 S 100.00 5,849.45 (4,313.97) 1,535.48 S (65,000.000) 24.96 1,622,371.72 (1,625,000.00) (2,628.28) S 93.50 2,337,500.00 (2,262,750.00) 40,510.02 S 34,239.98 0 (3,000.000) 22.76 68,278.80 (67,500.00) 778.80 S (2,000.000) 26.76 53,519.06 (52,000.00) PROT53 1,519.06 S (3,000.000) 93.058 279,175.14 (279,000.00) 175.14 S (2,500.000) 22.138 55,346.04 (56,250.00) (903.96) S Quantity (3,500.000) Per Unit Amount 28.336 Proceeds 99,176.62 Cost (101,500.00) Realized Gain/Loss (2,323.38) S PROT54 Trade Date Settle Date 9/18 9/23 9/18 9/23 9/18 9/23 9/25 [repeated 8 times] 9/20 9/26 9/24 9/27 Type Sale High Cost Sale High Cost Sale High Cost REPUBLIC OF ARGENTINA NOTES DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN US040114GM64 SEDOL B2PDMW3 (ID: 042993-9S-6) HOMEBANC MORTGAGE TRUST 2004-1 CL 1M1 VAR RT 08/25/2029 DTD 07/30/2004 @ 60.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 9,551,000.00 (ID: 43739E-AC-1) JPM 3YR NC CLN TO MTOR 04/16/15 INITIAL RATE 6.20% CPN DD 04/16/12 @ 107.25 JP MORGAN SECURITIES LLC (BIDL) (ID: 4662A0-4Q-1) Principal Payment COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% Pro Rata (16,404.060) 03/25/2033 DTD 01/01/2003 PAYMENT A/C PRINCIPAL (ID: 12669D-YS-1) Principal Payment COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% Pro Rata 08/25/2033 DTD 06/01/2003 PAYMENT A/C PRINCIPAL (ID: 12669E-RR-9) Principal Payment IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 PROT55 Pro Rata DTD 03/03/2005 PAYMENT A/C PRINCIPAL (ID: 45254N-NC-7) Principal Payment STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 Pro Rata 6.000% 04/25/2033 DTD 03/28/2003 PAYMENT A/C PRINCIPAL (ID: 86359A-QW-6) Sale High Cost Sale High Cost NAVIOS MARITIME PARTNERS LP @ 14.010004 35,025.01 BROKERAGE 100.00 TAX &/OR SEC .61 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) MS MARKET PLUS MRK 08/20/14 80% EKO BARRIER3.55%CPN ,UNCAPPED INITIAL LEVEL-02/14/13 MRK:41.19 @ 113.27 JP MORGAN SECURITIES LLC (BIDL) (ID: 61761)-DA-4) Account Page 24 of 34 Consolidated Statement Page 27 (1,000,000.000 ) 113.27 1,132,700.00 (1,000,000.00) 132,700.00 S (2,500.000) 13.97 34,924.40 (35,650.00) (725.60) S (6,783.270) 128.824 8,738.46 (6,783.27) 1,955.19 S (18,380.760) 100.00 18,380.76 (12,820.58) 5,560.18 S (17,321.860) 100.00 17,321.86 (13,337.83) 3,984.03 L 100.00 16,404.06 (15,665.88) 738.18 S (1,500,000.000 ) 107.25 PROT56 1,608,750.00 (1,500,000.00) 108,750.00 L (960,981.704) 60.00 576,589.02 (540,552.21) 36,036.81 S Quantity (7,500,000.000 ) Per Unit Amount 8.00 Proceeds 600,000.00 Cost (1,038,750 00) Realized Gain/Loss (438,750.00) L PROT57 Trade Date Settle Date 9/24 9/27 Type Sale High Cost GS MXN STEP UP NOTE 11/22/13 LNKD TO MXN VS USD 85%BARRIER- 5% ATM CPN-22.9%MXRTRN 11/08/12, INITIAL STRIKE: 13.11925 @ 104.50 JP MORGAN SECURITIES LLC (BIDL) (ID: 38141G-HY-3) Total Settled Sales/Maturities/Redemptions $12,434,002.46 ($12,396,107.70) ($326,015.97) L $312,231.79 S $17,438.96 C $34,239.98 0 Quantity (1,000,000 000 ) Per Unit Amount 104.50 Proceeds 1,045,000.00 Cost (1,000,000.00) Realized Gain/Loss 45,000.00 S Trade Date Settle Date Type Description 9/4 Purchase 9/9 9/5 9/10 9/5 9/10 9/10 9/13 9/10 9/13 9/13 PROT58 9/17 9/13 9/18 Purchase [repeated 6 times] MEDLEY CAPITAL CORP @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 58503F-10-6) JARDEN CORP @ 47.00 J.P. MORGAN SECURITIES LLC (ID: 471109-10-8) LINKEDIN CORP - A @ 223.00 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) ENBRIDGE ENERGY MANAGEMENT LLC @ 29.00 J.P. MORGAN SECURITIES LLC (ID: 29250X-10-3) INERGY MIDSTREAM LP @ 22.50 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) COMPANIA CERVECERIAS UNIDAS S A ADR @ 26.00 J.P. MORGAN SECURITIES LLC (ID: 204429-10-4) STRATASYS LTD @ 93.00 J.P. MORGAN SECURITIES LLC (ID: M85548-10-1) Quantity 6,500.000 1,000.000 1,500.000 3,500.000 2,500.000 2,000.000 3,000.000 Per Unit Amount 13.00 47.00 223.00 29.00 22.50 26.00 93.00 Account Page 25 of 34 Market Cost (84,500.00) (47,000.00) (334,500.00) (101,500.00) (56,250.00) (52,000.00) (279,000.00) Consolidated Statement Page 28 PROT59 PROT60 Trade Date Settle Date Type 9/13 Purchase 9/18 9/16 9/19 9/12 9/19 9/20 9/25 9/25 9/30 Purchase Total Settled Securities Purchased Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 9/25 9/30 9/27 10/2 9/27 10/2 9/27 10/2 Sale WESTAR ENERGY INC (ID: 957091-10-0) ENDURO ROYALTY TRUST (ID: 29269K-10-0) RINGCENTRAL INC-CLASS A (ID: 76680R-20-6) UIL HOLDINGS CORP (ID: 902748-10-2) Quantity (2,000.000) (5,000.000) (500.000) (2,500.000) Per Unit Amount 31.16 13.00 17.50 PROT61 36.99 Purchase Description EVERTEC INC @ 22.50 J.P. MORGAN SECURITIES LLC (ID: 30040P-10-3) PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 (ID: 71668A-9B-9) CITIGROUP INC PFD 7.125% @ 25.00 J.P. MORGAN SECURITIES LLC (ID: 172967-35-8) NAVIOS MARITIME PARTNERS LP @ 14.26 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) WESTAR ENERGY INC @ 31.15 J.P. MORGAN SECURITIES LLC (ID: 95709T-10-0) 65,000.000 2,500.000 2,000.000 25.00 14.26 31.15 (1,625,000.00) (35,650.00) (62,300.00) ($4,995,200.00) Proceeds 62,238.91 64,798.86 8,729.84 92,373.39 Cost (62,300.00) (69,250.00) (6,500.00) (93,125.00) Realized Gain/Loss (61.09) S (4,451.14) S 2,229.84 S (751.61) S Quantity 3,000.000 2,500,000.000 Per Unit Amount 22.50 90.00 Market Cost (67,500.00) (2,250,000.00) Account Page 26 of 34 PROT62 Consolidated Statement Page 29 PROT63 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 9/27 10/2 VIOLIN MEMORY INC (ID: 92763A-10-1) Total Pending Sales, Maturities, Redemptions Quantity (500.000) Per Unit Amount 7.50 Proceeds 3,729.93 $231,870.93 Cost (4,500.00) ($235,675.00) Realized Gain/Loss (770.07) S ($3,804.07) S Trade Date Est. Settle Date Type Pending Securities Purchased 9/24 Purchase 9/27 9/27 10/2 9/27 10/2 9/27 10/2 9/27 10/2 Total Pending Securities Purchased ($1,173,375.00) Purchase Description 3PM CONT BUFF EQ SX7P 10/16/14 85% CONTIN BARRIER- 0%CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 (ID: 48126N-VE-4) ENDURO ROYALTY TRUST (ID: 29269K-10-0) PROT64 VIOLIN MEMORY INC (ID: 92763A-10-1) UIL HOLDINGS CORP (ID: 902748-10-2) RINGCENTRAL INC-CLASS A (ID: 76680R-20-6) 5,000.000 500.000 2,500.000 500.000 13.85 9.00 37.25 13.00 (69,250.00) (4,500.00) (93,125.00) (6,500.00) Quantity 1,000,000.000 Per Unit Amount 100.00 Market Cost (1,000,000.00) Account Page 27 of 34 Consolidated Statement Page 30 PROT65 Portfolio Activity Summary - Argentine Peso US Dollar Value Current Transactions OUTFLOWS ** Total Outflows TRADE ACTIVITY Total Trade Activity Period Value -(104,000.00) ($104,000.00) Settled Sales/Maturities/Redemptions 104,000.00 $104,000.00 -Year-To-Date Value* -(104,000.00) ($104,000.00) 104,000.00 $104,000.00 -Local Value Current Period Value 0.00 (597,870.00) (597,870.00) 597,870.00 597,870.00 0.00 Year-To-Date Value* -(597,870.00) (597,870.00) 597,870.00 597,870.00 -Current Securities Transferred In/Out Period Value Year-To-Date Value* 15,621.40 * Year to date information is calculated on a calendar year basis. PROT66 assets from your osition Account Page 28 of 34 Consolidated Statement Page 31 PROT67 Portfolio Activity Detail - Argentine Peso Type Spot FX 9/23 Description LINKED CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 5.748750000 DEAL 09/18/13 VALUE 09/23/13 (ID: OARSPR-CV-1) TRADE ACTIVITY - Argentine Peso L indicates Long Term Realized Gain/Loss Note: Trade Date Settle Date 9/18 9/23 Type Sale High Cost REPUBLIC OF ARGENTINA -ARS NOTES DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL BOS5SP7 (ID: 042993-9R-8) Quantity (10,000,000.000 ) Quantity 104,000.000 Amount USD Local Value (104,000.00) (597,870.00) Currency Gain/Loss USD C indicates Currency Gain/Loss Per Unit Amount USD Local Value 1.04 5.979 Proceeds USD Local Value 104,000.00 597,870.00 Cost USD Realized Local Value Gain/Loss USD PROT68 (318,000.00) (1,256,100.00) (114,499.67) L (99,500.33) C Account Page 29 of 34 Consolidated Statement Page 32 PROT69 Portfolio Activity Summary - Canadian Dollar US Dollar Value Current Transactions INFLOWS Contributions Total Inflows OUTFLOWS ** Withdrawals Total Outflows $0.00 (0.01) ($0.01) -0.01 26,722,951.76 $26,722,951.77 (0.01) (26,722,951.76) ($26,722,951.77) -0.00 (0.01) (0.01) 0.00 Year to date information is calculated on a calendar year basis. assets 0.01 27,500,000.00 27,500,000.01 (0.01) (27,500,000.00) (27,500,000.01) -Period Value -Year-To-Date Value* -Local Value Current Period Value 0.01 Year-To-Date Value* PROT70 -Account Page 30 of 34 Consolidated Statement Page 33 PROT71 Portfolio Activity Detail - Canadian Dollar Type Withdrawals 9/20 Misc Disbursement Description WRITE OFF CANADIAN DOLLAR (ID: OCADPR-AA-6) Amount USD Local Value (0.01) Currency Gain/Loss USD Account Page 31 of 34 Consolidated Statement Page 34 PROT72 Portfolio Activity Summary - Swiss Franc US Dollar Value Current Transactions INFLOWS Total Inflows $0.00 OUTFLOWS ** Withdrawals Total Outflows TRADE ACTIVITY Total Trade Activity $0.00 -(0.01) ($0.01) Period Value -Year-To-Date Value* -13,606,585.71 $13,606,585.71 (0.01) (13,256,846.75) ($13,256,846.76) (339,220.24) ($339,220.24) -Local Value Current Period Value 0.01 Year-To-Date Value* -0.00 (0.01) (0.01) 12,641,566.58 12,641,566.58 (0.01) (12,328,499.99) (12,328,500.00) 0.00 0.00 PROT73 Year to date information is calculated on a calendar year basis. assets (313,066.58) (313,066.58) -Account Page 32 of 34 Consolidated Statement Page 35 PROT74 Portfolio Activity Detail - Swiss Franc Type Withdrawals 9/20 Misc Disbursement Description WRITE OFF SWISS FRANC (ID: OCHFPR-AA-4) Amount USD Local Value (0.01) Currency Gain/Loss USD Account Page 33 of 34 Consolidated Statement Page 36 PROT75 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related ARGENTINE PESO U S DOLLAR Sep. 18 13 Sep. 23 13 ARS USD (597,870.00) 104,000.00 5.748750 5.748750 104,000.00 (104,000.00) Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Account Page 34 of 34 Consolidated Statement Page 37 PROT76 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL LLC ACCT. Derivatives Account J.P. Morgan Team William Sheridan Justin Nelson Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Client Service Team [repeated 3 times] www.jpmorganonline.com No market value or activity to report during this period important information relating to each J.P.Morgan account(s). 212/464-1321 203/629-3124 800/634-1318 Account Page 1 of 1 Consolidated Statement Page 38 PROT77 THIS PAGE INTENTIONALLY LEFT BLANK PROT78 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 Asset Account J.P. Morgan Team William Sheridan Justin Nelson Paul Barrett Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Investment Specialist Client Service Team [repeated 3 times] www.jpmorganonline.com important information relating to each J.P.Morgan account(s). 212/464-1321 203/629-3124 212/622-2770 800/634-1318 Table of Contents Holdings Equity Page 2 4 9 12 Account Page 1 of 17 Consolidated Statement Page 39 PROT79 Equity Market Value Accruals Beginning Market Value 9,022,109.60 14,642,051.99 $23,664,161.59 123.36 $23,664,284.95 Ending Market Value 38,694,304.68 23,858,325.80 $62,552,630.48 440,237.33 $62,992,867.81 Current Beginning Market Value Contributions Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Period Value 23,664,161.59 22,006.10 (11,126.18) 37,981,777.00 $37,992,656.92 615.88 895,196.09 $62,552,630.48 440,237.33 $62,992,867.81 Change In Value 29,672,195.08 9,216,273.81 $38,888,468.89 PROT80 440,113.97 $39,328,582.86 Cash & Year-to-Date Value 0.00 13,965,110.07 (30,774.62) 46,295,038.08 $60,229,373.53 518,273.77 1,804,983.18 $62,552,630.48 440,237.33 $62,992,867.81 Fixed Income Estimated 2,514,419.64 650,695.45 Current Annual Income Allocation 63% 37% $3,165,115.09 100% Equity Account Page 2 of 17 Consolidated Statement Page 40 PROT81 Income Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Income Partnership/Alt Asset Distributions Other Income & Receipts Cost Summary Equity Total CONTINUED Current Period Value 5.14 492.52 118.22 $615.88 Year-to-Date Value 14,823.60 973.26 4,528.25 581.93 $20,907.04 497,366.73 $497,366.73 24,104,322.01 Cost 32,104,776.94 $56,209,098.95 To-Date Value $3,720,854.24 ST Realized Gain/Loss Realized Gain/Loss Current Period Value Year-to-Date Value 1,902.00 $1,902.00 Account Page 3 of 17 Consolidated Statement Page 41 PROT82 Equity Summary US Small Cap Equity Non-US Equity Emerging Market Equity Total Value Market Value/Cost Market Value Cost Estimated Annual Income Accrued Dividends Yield Beginning Market Value 2,249,- 6,681,556.23 0.00 90,814.28 0.00 $9,022,109 60 Ending Market Value 6,783,924.80 7,436,816.82 943,000.00 93,199.72 903,465.34 8,349,148.00 14,184,750.00 $38,694,304.68 Current Period Value 38,694,304.68 32,104,776.94 3,966,850.45 2,514,419.64 276,526.00 6.48% US Small Cap Equity Equity as a percentage of your portfolio - 63 % Change In Value PROT83 4,534,185.71 755,260.59 943,000.00 2,385.44 903,465.34 8,349,148.00 14,184,750.00 $29,672,195.08 Current Allocation 11% 12% 2% 1% 1% 13% 23% 63% Emerging Market Equity Non-US Equity Asset Cate ories Account Page 4 of 17 Consolidated Statement Page 42 PROT84 Note: Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price ARIAD PHARMACEUTICALS INC ASCENA RETAIL GROUP INC 04033A-10-0 ARIA 19.93 COM 04351G-10-1 ASNA BIOGEN IDEC INC FACEBOOK INC-A GENERAL ELECTRIC CO JP MORGAN CHASE & CO JPM VALUE ADVANTAGE FD - INSTL 09062X-10-3 BIIB 50.23 30303M-10-2 FB 23.89 369604-10-3 GE 51.69 46625H-10-0 JPM 25.63 FUND 1400 4812A2-58-7 JVAI X Total US Large Cap Equity $6,783,924.80 $3,702,561.43 $551,885.80 $70,536.68 1.04% 78,709.170 2,017,316.03 2,000,000.00 17,316.03 19,992.12 0.99% 21,753.000 1,124,412.57 N/A ** N/A 33,064.56 2.94% 23,000.000 PROT85 549,470.00 496,109.08 53,360.92 17,480.00 3.18% 17,500.000 879,025.00 665,000.00 214,025.00 240.76 2,095.000 504,392.20 250,454.95 253,937.25 70,500.000 1,405,065.00 N/A ** N/A 18.40 16,535.000 304,244.00 290,997.40 13,246.60 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield Account Page 5 of 17 Consolidated Statement Page 43 PROT86 Price US Small Cap Equity APOLLO GLOBAL MANAGEMENT LLC 037612-30-6 APO DEUTSCHE BK AG LDN BRH DBL LONG ETN38 25154H-55-8 DAG SANGAMO BIOSCIENCES INC Total US Small/Mid Cap Equity 800677-10-6 SGMO $943,000.00 $774,743.00 $168,257.00 $0.00 0.00% 10.49 50,000.000 524,500.00 422,214.00 102,286.00 28.26 263,157.000 7,436,816.82 4,999,983.00 2,436,833.82 878,944.38 11.82% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield 8.37 50,000.000 418,500.00 352,529.00 65,971.00 Non-US Equity BOMBARDIER INC 4.66 CL B 097751-20-0 BBD B Emerging Market Equity 3PM LATIN AMERICA FD - SEL PROT87 FUND 3815 4812A3-47-8 JLTS X 20,000.000 93,199.72 N/A ** N/A 2,040.00 2.19% 18.25 49,504.950 903,465.34 1,000,000.00 (96,534.66) 841.58 0.09% Account Page 6 of 17 Consolidated Statement Page 44 PROT88 Price ALLY FINANCIAL INC 8 1/2% PFD 02005N-30-8 ALLYPB NA /CAA GMAC CAPITAL TRUST I PFD STK 8 1/8% 361860-20-8 ALLYPA ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE 780097-71-3 RBS PT NA /P-2 Total Preferred Stocks $8,349,148.00 $7,589,416.11 $759,731.89 $648,432.00 7.77% 23.49 120,000.000 2,818,800.00 2,924,400.00 (105,600.00) 217,560.00 7.72% 26.75 80,000.000 2,140,000.00 1,882,773.60 257,226.40 162,480.00 7.59% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield 26.78 126,600.000 3,390,348.00 2,782,242.51 608,105.49 268,392.00 7.92% BANK OF AMERICA CORP PROT89 110.44 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /B1 GENERAL ELEC CAP CORP 7.125% DEC 15 2049 DTD 06/12/2012 369622-SN-6 AA- /BAA GENERAL MOTORS CO CV PFD B 37045V-20-9 GM PB JPMORGAN CHASE & CO VAR RT PFD STK 04/30/2049 DTD 04/23/2008 46625H-HA-1 BBB /BA1 Account Page 7 of 17 Consolidated Statement Page 45 110.31 5,000,000.000 5,515,300.00 5,498,006.95 17,293.05 395,000.00 165,680.00 7.10% 50.15 71,000.000 3,560,650.00 3,585,969.22 (25,319.22) 168,625.00 4.74% 109.71 2,000,000.000 2,194,160.00 2,122,916.67 71,243.33 142,500.00 41,958.00 6.43% 2,000,000.000 2,208,740.00 2,081,180.56 127,559.44 162,500.00 61,388.00 7.30% PROT90 Price JPMORGAN CHASE & CO VAR RT 07/24/2013 DTD 07/29/2013 48126H-AA-8 BBB /BA1 Total Concentrated & Other Equity $14,184,750.00 $14,038,073.40 $146,676.60 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accrued Div. Yield 94.12 750,000.000 705,900.00 750,000.00 (44,100.00) 45,000.00 7,500.00 $913,625.00 $276,526.00 6.42% 6.40% Account Page 8 of 17 Consolidated Statement Page 46 PROT91 Cash & Fixed Income Summary Beginning Cash Non-USD Cash Total Value Market Value/Cost Market Value Cost Estimated Annual Income Yield SUMMARY BY MATURITY 1 0-6 months 5-10 years' 10+ years' Total Value 1 Market Value 14,642,051.77 0.22 0.00 $14,642,051.99 Ending Market Value 14,653,547.57 0.23 9,204,778.00 $23,858,325.80 Current Period Value 23,858,325.80 24,104,322.01 (245,996.21) 650,695.45 163,711.33 2.71% SUMMARY BY TYPE Market Value 14,653,547.80 4,813,332.00 4,391,446.00 $23,858,325.80 % of Bond PROT92 Portfolio 62% 20% 18% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash NON USD Cash Corporate Bonds International Bonds Total Value Market Value 14,653,547.57 0.23 8,896,066.00 308,712.00 $23,858,325.80 % of Bond Portfolio 61% 1% 37% 1% 100% Change In Value 11,495.80 0.01 9,204,778.00 $9,216,273.81 Current Allocation 21% 1% 15% 37% Non-USD Cash Cash Cash & Fixed Income as a percentage of your portfolio 37 % Account Page 9 of 17 Consolidated Statement Page 47 PROT93 Note: This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Fixed Income Detail Price Cash US DOLLAR 3PM PRIME MM FD - INSTL FUND 829 7-Day Annualized Yield: .03% Total Cash 1.00 1.00 14,454,510.95 199,036.62 14,454,510.95 199,036.62 $14,653,547.57 14,454,510.95 199,036.62 4.53 $14,653,547.57 $0.00 $1,445.45 $121.53 Non-USD Cash POUND STERLING HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 42210P-AQ-5 B+ /B2 EARTHLINK INC 8 7/8% MAY 15 2019 DTD 05/17/2011 270321-AC-6 CCC /B3 96.71 1,000,000.00 967,120.00 1,033,500.00 (66,380.00) 0.01% 1,445.45 117.00 0.01% 1 Quantity Value PROT94 Adjusted Cost Original Cost Unrealized Gain/Loss Yield 1.62 0.14 0.23 0.27 (0.04) 105.00 1,000,000.00 1,050,000.00 1,035,000.00 15,000.00 76,250.00 38,125.00 88,750.00 33,527.00 6.53% 9.64% Account Page 10 of 17 Consolidated Statement Page 48 PROT95 Price SERVICEMASTER COMPANY 8% FEB 15 2020 DTD 02/13/2012 81760N-AN-9 CCC /CAA BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 06739F-HK-0 BB+ /NR GENERAL ELEC CAP CORP 5.250% 12/31/2049 DTD 05/29/2013 369622-ST-3 AA- /BAA SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 842400-FU-2 BBB /BAA Total US Fixed Income 103.44 3,000,000.00 3,103,110.00 3,016,649.17 86,460.83 92.02 1,400,000.00 1,288,336.00 1,400,000.00 (111,664.00) 99.50 2,500,000.00 2,487,500.00 2,665,625.00 (178,125.00) 200,000.00 25,555.00 102.90 300,000.00 308,712.00 300,000.00 8,712.00 23,250.00 11,043.60 73,500.00 24,091.20 187,500.00 31,248.00 $9,204,778.00 $9,450,774.17 ($245,996.17) $649,250.00 PROT96 $163,589.80 8.10% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Yield 7.32% 5.78% 6.02% 7.03% Account Page 11 of 17 Consolidated Statement Page 49 PROT97 Portfolio Activity Summary U S Dollar Current Transactions INFLOWS Income Contributions Total Inflows OUTFLOWS ** Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Total Trade Activity $0.00 $14,454,510.95 * Year to date information is calculated on a calendar year basis. assets 801,902.00 (800,000.00) $1,902.00 -Period Value 14,443,015.15 615.88 22,006.10 $22,621.98 (11,003.05) (123.13) ($11,126.18) Year-To-Date Value* -513,745.52 13,965,109.80 4,528.25 $14,483,383.57 (30,531.30) (243.32) ($30,774.62) Current Securities Transferred In/Out PROT98 Period Value 37,981,777.00 Year-To-Date Value* 46,295,038.08 Account Page 12 of 17 Consolidated Statement Page 50 PROT99 Portfolio Activity Detail - U S Dollar Type Income 9/3 9/3 9/30 Div Domest Interest Income Foreign Dividend Total Income Type Contributions 9/10 Misc Credit Description INBOUND FED WIRE TRANSFER FEDWIRE CREDIT VIA: THE BANK OF NEW YORK MELLON/021000018 B/0: 126859 NEW YORK, NY 10286 REF: CHASE NYC/CTR/BBK=SOUTHERN FINANCIAL LLC ST THOMAS VI 00802-/AC-000000032920 BNF=SOUTHERN FINANCIAL, LLC/AC-ACCTCHASUS33 RFB28690 OBIMAD: 0909B1Q8152C002508 TRN: 1846409252FF AS OF 09/09/13 Quantity Cost Description 3PM PRIME MM FD - INSTL FUND 829 FOR AUG @ VARIOUS RATES FROM 0.0000620% TO 0.0001018% (ID: 4812A2-60-3) DEPOSIT SWEEP INTEREST FOR 08/01/13 - 08/31/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $14,115,181.73 AS OF 09/01/13 BOMBARDIER INC CL B @ 0.024626 PER SHARE (ID: 097751-20-0) 20,000.000 0.025 492.52 $615.88 118.22 Quantity Cost 199,036.620 Per Unit Amount Amount 5.14 PROT100 Amount 11,003.05 Account Page 13 of 17 Consolidated Statement Page 51 PROT101 Type Contributions 9/10 Misc Credit Description ENTRY REVERSED ON 09/11/2013 FEDWIRE CREDIT VIA: THE BANK OF NEW YORK MELLON/021000018 B/0: 126859 NEW YORK, NY 10286 REF: CHASE NYC/CTR/BBK=SOUTHERN FINANCIAL LLC ST THOMAS VI 00802-/AC-000000032920 BNF=SOUTHERN FINANCIAL, LLC/AC-ACCTCHASUS33 RFB28690 OBIMAD: 0909B1Q8152C002508 TRN: 1846409252FF Total Contributions Type Withdrawals 9/11 Misc Debit Description TO REVERSE ENTRY OF 09/10/2013 FEDWIRE CREDIT VIA: THE BANK OF NEW YORK MELLON/021000018 B/0: 126859 NEW YORK, NY 10286 REF: CHASE NYC/CTR/BBK=SOUTHERN FINANCIAL LLC ST THOMAS VI 00802-/AC-000000032920 BNF=SOUTHERN FINANCIAL, LLC/AC-ACCTCHASUS33 RFB28690 OBIMAD: 0909B1Q8152C002508 TRN: 1846409252FF AS OF 09/10/13 Tax Payments 9/30 Quantity Cost $22,006.10 Quantity Cost Amount 11,003.05 Amount (11,003.05) FGN Tax Withheld BOMBARDIER INC CL B TAX WITHHELD CANADA 25.00% (ID: 097751-20-0) (123.13) Account Page 14 of 17 Consolidated Statement Page 52 PROT102 SECURITIES TRANSFERRED IN/OUT Notes: 9/25 Receipt of Assets Description ALLY FINANCIAL INC 8 1/2% PFD ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 02005N-30-8) ARIAD PHARMACEUTICALS INC ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 04033A-10-0) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 ASSET TRANSFER FROM A/C W91850-0 (ID: 060505-DT-8) 9/25 BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 ASSET TRANSFER FROM A/C W91850-0 (ID: 06739F-HK-0) 9/25 BIOGEN IDEC INC ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 09062X-10-3) DEUTSCHE BK AG LDN BRH DBL LONG ETN38 ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 25154H-55-8) EARTHLINK INC 8 7/8% MAY 15 2019 DTD 05/17/2011 ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 270321-AC-6) 2,095.000 250,454.95 50,000.000 352,529.00 1,000,000.000 1,033,500.00 510,216.30 PROT103 420,500.00 956,250.00 300,000.000 300,000.00 310,434.00 Type Quantity Cost 126,600.000 2,782,242.51 16,535.000 290,997.40 2,000,000.000 2,081,180.56 Transaction Market Value * 3,411,870.00 327,558.35 2,218,860.00 Account Page 15 of 17 Consolidated Statement Page 53 PROT104 Notes: Type 9/25 Description FACEBOOK INC-A ASSET TRANSFER FROM A/C W91850-0 (ID: 30303M-10-2) GMAC CAPITAL TRUST I PFD STK 8 1/8% ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 361860-20-8) GENERAL ELECTRIC CO ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 369604-10-3) GENERAL ELEC CAP CORP 7.125% DEC 15 2049 DTD 06/12/2012 ASSET TRANSFER FROM A/C W91850-0 (ID: 369622-SN-6) 9/25 GENERAL ELEC CAP CORP 5.250% 12/31/2049 DTD 05/29/2013 ASSET TRANSFER FROM A/C W91850-0 (ID: 369622-ST-3) 9/25 GENERAL MOTORS CO CV PFD B ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 37045V-20-9) HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 42210P-AQ-5) JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 PROT105 DTD 04/23/2008 ASSET TRANSFER FROM A/C W91850-0 (ID: 46625H-HA-1) Account Page 16 of 17 Consolidated Statement Page 54 71,000.000 3,585,969.22 1,000,000.000 1,035,000.00 5,000,000.000 5,498,006.95 3,591,180.00 1,055,000.00 5,519,050.00 1,400,000.000 1,400,000.00 1,298,696.00 Quantity Cost 17,500.000 665,000.00 80,000.000 1,882,773.60 23,000.000 496,109.08 2,000,000.000 2,122,916.67 Transaction Market Value * 847,875.00 2,144,000.00 559,360.00 2,193,080.00 PROT106 Notes: Type 9/25 Description JPMORGAN CHASE & CO VAR RT 07/24/2013 DTD 07/29/2013 ASSET TRANSFER FROM A/C W91850-0 (ID: 48126H-AA-8) 9/25 ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE ASSET TRANSFER FROM A/C W91850-0 (ID: 780097-71-3) 9/25 9/25 SANGAMO BIOSCIENCES INC ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 800677-10-6) SERVICEMASTER COMPANY 8% FEB 15 2020 DTD 02/13/2012 ASSET TRANSFER FROM A/C W91850-0 (ID: 81760N-AN-9) 9/25 SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 ASSET TRANSFER FROM A/C W91850-0 (ID: 842400-FU-2) 9/27 9/27 Total Securities Transferred In Account Page 17 of 17 3PM LATIN AMERICA FD - SEL FUND 3815 ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, LLC CLIENT REF 3264036 (ID: 4812A3-47-8) 3PM VALUE ADVANTAGE FD - INSTL FUND 1400 ASSET TRANSFER FROM A/C W91850-0 SOUTHERN FINANCIAL, PROT107 LLC CLIENT REF 3264036 (ID: 4812A2-58-7) 49,504.950 1,000,000.00 78,709.170 2,000,000.00 915,841.58 2,032,270.77 $37,981,777.00 Consolidated Statement Page 55 3,000,000.000 3,016,649.17 3,114,450.00 50,000.000 422,214.00 2,500,000.000 2,665,625.00 518,000.00 2,518,750.00 120,000.000 2,924,400.00 2,802,000.00 Quantity Cost 750,000.000 750,000.00 Transaction Market Value * 716,535.00 PROT108 THIS PAGE INTENTIONALLY LEFT BLANK PROT109 J.P. Morgan Securities LLC 383 Madison Avenue, New York, NY 10179 ACCT. Margin Account J.P. Morgan Team William Sheridan Justin Nelson Paul Barrett Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Investment Specialist Client Service Team [repeated 3 times] www.jpmorganonline.com Transactions cleared and carried through J.P. Morgan Clearing Corp. Three Chase Metrotech Center, Brooklyn, NY 11245-0001, (347) 643-2578 important information relating to each J.P.Morgan account(s). 212/464-1321 203/629-3124 212/622-2770 800/634-1318 Table of Contents Page 2 4 Account Page 1 of 4 Consolidated Statement Page 56 PROT110 MARGIN Cash Market Value 0.00 Margin Market Value 0.00 Short Market Value 0.00 Market Value Annual Income Allocation 0.00 Total Estimated Current ACCT. Investment Objectives Speculation Permitted Income Generation Yes Yes Account Page 2 of 4 Consolidated Statement Page 57 PROT111 Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 33.49 Cash (33.49) Margin 33.49 (33.49) $0.00 33.49 (33.49) $0.00 0.00% Account Value Adjusted Cost Original Cost Unrealized Gain/Loss Yield ACCT. Account Page 3 of 4 Consolidated Statement Page 58 PROT112 Portfolio Activity Summary Current Transactions INFLOWS Total Inflows Contributions $0.00 OUTFLOWS ** Total Outflows Withdrawals $0.00 $0.00 * Year to date information is calculated on a calendar year basis. assets Portfolio Activity Detail No Activity This Period Period Value 0.00 Year-To-Date Value* -30,033.49 $30,033.49 (30,033.49) ($30,033.49) -ACCT. Account Page 4 of 4 Consolidated Statement Page 59 PROT113 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Certain assets, including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third PROT114 parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 5 PROT115 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, PROT116 improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 5 PROT117 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any nonelectronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR MARGIN ACCOUNT(S) All positions in your Margin Account Portfolio(s) are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), Three Chase Metrotech Center, Brooklyn, NY 11245-001, (347) 643-2578. PROT118 If you have a margin account as permitted by law we may use certain securities in such account for, among other things, settling short sales and lending the securities for short sales, and as a result may receive compensation in connection therewith. Please keep the following in mind when using a statement to track your brokerage activity in a margin account: The statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your request. Free credit balances in your margin account(s) are not segregated and may be used in the operation of JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you the amount of your free credit balance, and will deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets 1. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Disclosures Page 3 of 5 PROT119 Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period. Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis PROT120 but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning JPMorgan Funds for other important information. PRODUCT RELATED DISCLOSURE: THE JPMORGAN FUNDS OR THIRD PARTIES Shares of the funds referenced above are not bank deposits and are not guaranteed by any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so. The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. Disclosures Page 4 of 5 PROT121 Prospectuses and other fund information for JPMorgan funds may be obtained by calling your J.P. Morgan team or JPMorgan Distribution Services, Inc. at (800) 480-4111. You also may view and order materials online for JPMorgan funds at www.jpmorganfunds.com. J.P. Morgan affiliates may receive compensation from the JPMorgan funds for providing investment advisory services to the funds. J.P. Morgan affiliates may also provide administrative, custodial, sales, distribution, shareholder or other services to the JPMorgan Funds or funds established, sponsored, advised, or managed by third parties, and J.P. Morgan affiliates may be compensated for such services as allowed by applicable law. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of 3PMCB. Assets may be reflected herein even though they may be held by a third party unaffiliated with J.P. Morgan. In such cases, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibility for the verification, valuation, safekeeping or management of those assets. Disclosures Page 5 of 5 PROT122 PROT123