EFTA01430088.pdf

December 1, 2018 - December 31, 2018 Account Number: SOUTHERN FINANCIAL LLC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Portfolio at a Glance This Period Your Investment Specialist: MARTIN ZEMAN Commission Amount: $82,125.88 BEGINNING ACCOUNT VALUE Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Total Taxes Withheld Other Transactions Net Change in Portfoliol ENDING ACCOUNT VALUE Accrued Interest Estimated Annual Income $102,820,779.67 0.00 102,820,779.67 124,445.80 -286.03 -228.11 -8,540,158.22 $94,404,553.11 $478,778.43 $3,328,412.86 Year-to-Date $97,272,547.37 4,193,223.91 101,465,771.28 3,357,540.57 -7,286.40 -1,483.76 -10,409,988.58 $94,404,553.11 1 Net Change in Portfolio is the difference between the ending account value and beginning account value after activity. Asset Summary Percent 9% 26% 65% 0% 0% EFTA01430088 100% Asset Type Cash, Money Funds, and Bank Deposits Fixed Income Equities Mutual Funds Exchange-Traded Products Account Total (Pie Chart) Please review your allocation periodically with your Investment Specialist. Prior Year-End 823,820.96 26,083,479.22 60,899,388.97 3,020,938.22 6,444,920.00 $97,272,547.37 Last Period 6,566,510.08 25,363,588.19 70,890,681.40 0.00 0.00 $102,820,779.67 This Period 8,127,337.23 24,993,470.70 61,283,745.18 0.00 0.00 $94,404,553.11 Page 1 of 18 EFTA01430089 Summary of Gains and Losses Realized This Period Short-Term Gain/Loss Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. For Your Information The European Central Bank (the "ECB") and other credit institutions introduced "negative interest rates". Negative interest expense may be charged to your account if you have a deposit of foreign currency. The interest will be reported on your Forms 1099 and/or 1042 S. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Exchange Rate Table Currency EURO HONG KONG DOLLAR JAPANESE YEN USD Equivalent 1.1430 0.1277 0.0091 Currency per USD 0.8748 7.8291 109.7000 Exchange rates are based on interbank exchange rates as of 12/31/2018. Exchange rates can vary. Date Money Market Fund Detail Activity Type Sweep Money Market Fund CASH AC TR DWS GOVT & AG INSTL Current Yield: 2.26% Activity Ending: 12/31/18 12/01/18 12/03/18 12/04/18 12/18/18 12/19/18 12/21/18 12/24/18 12/28/18 12/31/18 12/31/18 Opening Balance EFTA01430090 Deposit Deposit Deposit Deposit Deposit Deposit Deposit Deposit Closing Balance Total All Money Market Funds MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE INCOME REINVEST Global Cash Currency HONG KONG DOLLAR JAPANESE YEN Total Global Cash Balance Closing Balance 183,242.25 -49.00 Amount in Base Currency USD 23,405.17 -0.45 $23,404.72 -460,690.96 0.00 -460,690.96 Year-to-Date 1,096,814.37 2,471,580.94 3,568,395.31 Unrealized -4,404,099.37 -814,069.43 -5,218,168.80 Description Amount Balance 6,422,115.67 121,052.22 24,371.00 49,380.00 1,357.50 EFTA01430091 522,885.93 913,947.03 35,681.25 13,141.91 6,422,115.67 6,543,167.89 6,567,538.89 6,616,918.89 6,618,276.39 7,141,162.32 8,055,109.35 8,090,790.60 8,103,932.51 $8,103,932.51 $8,103,932.51 Page 2 of 18 Account Number: EFTA01430092 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Income and Expense Summary Current Period Taxable Dividend Income Equities Money Market Other Dividends Interest Income Bond Interest Other Interest Expenses Withholding Taxes Fees(Foreign Securities) Total Dividends, Interest, Income and Expenses Distributions Alternative Investments Other Distributions Total Distributions -286.03 -224.11 $123,935.66 0.00 0.00 $0.00 0.00 0.00 $0.00 0.00 0.00 $0.00 -7,286.40 -1,124.11 $2,841,237 05 0.00 -77.65 -$77.65 0.00 0.00 $0.00 507,893.01 31,095.09 $538,988.10 1,867.64 13,141.91 49,380.00 60,056.25 0.00 Non Taxable 0.00 EFTA01430093 0.00 0.00 0.00 0.00 Taxable 792,654.57 72,242.66 954,190.91 873,125.66 157,433.76 Year-to-Date Non Taxable 0.00 0.00 0.00 0.00 0.00 Portfolio Holdings U.S. DOLLARS Opening Date Money Market CASH AC TR DWS GOVT & AG INSTL 12/01/18 Total Money Market TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS 8,103,932.510 N/A 12/31/18 6,422,115.67 $6,422,115.67 $6,543,167.89 8,103,932.51 $8,103,932.51 $8,103,932.51 0.00 $0.00 $0.00 72,242.66 $72,242.66 $72,242.66 2.19% 2.26% Quantity Account Number CASH, MONEY FUNDS, AND BANK DEPOSITS Margin Balance Activity Ending Opening Balance 121,052.22 EFTA01430094 Closing Balance 0.00 Accrued Income Income This Year 30-Day Yield Current Yield Page 3 of 18 Account Number: EFTA01430095 Portfolio Holdings (continued) U.S. DOLLARS (continued) Date Acquired Quantity FIXED INCOME (In Maturity Date Sequence) Corporate Bonds CITIZENS COMMUNICATIONS CO SR NT FULLY EXCHANGED FROM 17453BAX9 7.125% 03/15/19 B/E DTD 03/23/07Moody Rating CAA1 S & P Rating CCC+ 10/03/17 1,000,000.000 100.0150 EXELA INTER LLC / EXELA FIN INC GTD FIRST PRIORITY SR SECD NT 144A 10.000% 07/15/23 B/E DTD 07/12/17 CLBMoody Rating B3 S & P Rating 10/24/17 07/09/18 Total Covered Total 2,000,000.000 1,000,000.000 3,000,000.000 3,000,000.000 36S INVTS GMBH GTD SR NT REG S ISIN#USA29866A653 7.250% 04/03/24 B/E DTD 04/03/14S & P Rating 662,000,000.000 10/31/17 97.0250 102.6590 Security Identifier: Unit Cost Adjusted Cost Basis Market Price Market Value Unrealized Gain/Loss Accrued Interest Estimated Annual Income Estimated Yield 1,000,154.73 97.2500 972,500.00 Original Cost Basis: $1,001,006.00 Security Identifier: EFTA01430096 -27,654.73 20,979.17 71,250.00 7.32% 1,940,506.00 95.5000 Original Cost Basis: $1,940,506.00 1,026,591.39 Original Cost Basis: $1,028,756.00 2,967,097.39 $2,967,097.39 Security Identifier: 99.0650 DEUTSCHE BANK AG NTS ISIN#US251525AM33 4.296% 05/24/28 B/E DTD 05/24/13 FOREIGN SECURITY 1ST CPN DTE 11/24/13Moody Rating Ba2 S & P Rating BB+ 06/01/18 1,000,000.000 DEUTSCHE BK AG N Y BRH VAR 4.875% 12/01/32 B/E DTD 12/01/17 CALLABLE 12/01/27 06/01/18 91.7780 1,981,300.00 100.8010 Original Cost Basis: $1,981,300.00 Security Identifier: 2,016,020.00 34,720.00 35,041.67 145,000.00 7.19% 95.5000 1,910,000.01 -30,505.99 954,999.99 2,865,000.00 $2,865,000.00 -71,591.40 -102,097.39 -$102,097.39 92,222.22 46,111.11 138,333.33 $138,333.33 200,000.00 10.47% 100,000.00 10.47% 300,000.00 $300,000.00 917,776.00 84.5800 845,800.00 EFTA01430097 Original Cost Basis: $917,776.00 Security Identifier: 1,000,000.000 86.8260 868,256.00 77.7540 Original Cost Basis: $868,256.00 777,540.00 -90,716.00 4,062.50 48,750.00 6.26% -71,976.00 4,415.33 42,960.00 5.07% Page 4 of 18 Account Number: EFTA01430098 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Portfolio Holdings (continued) U.S. DOLLARS (continued) Date Acquired Quantity FIXED INCOME (continued) Corporate Bonds (continued) ASSURANT INC FXD TO FLTG SUB NT 7.000% 03/27/48 B/E DTD 03/27/18 CALLABLE 03/27/28 @ 100.000Moody Rating BA1 2,000,000.000 03/29/18 Unit Cost Adjusted Cost Basis Market Price Market Value Unrealized Gain/Loss Accrued Interest Estimated Annual Income Estimated Yield Security Identifier: 101.9840 JPMORGAN CHASE & CO DEP SHS REPSTG 1/10TH PFD SER 1 FIXED TO FLTG RT BD 5.990% 04/23/58 B/E DTD 04/23/08Moody Rating BAA3 S & P Rating BBB06/15/11 *,3,12 06/15/11 *,3,12 Total Noncovered Total 1,100,000.000 2,500,000.000 3,600,000.000 3,600,000.000 SOUTHERN CALIF EDISON CO PREF SER E 6.250% 01/17/62 B/E DTD 01/17/12 CALLABLE 02/01/22 @ 100.000Moody Rating BAA1 S & P Rating BBB01/30/12 *,3,12 3,000,000.000 99.9060 GENERAL ELEC CO GTD FXD-TO-FLTG RT NON-CUMULATIVE PERPETUAL PREFERRED 4.000% 12/03/65 REG DTD 12/03/15Moody Rating A3 S & P Rating BBB12/03/15 EFTA01430099 * 2,469,000.000 88.0930 107.2550 106.7730 2,039,689.71 95.0000 Original Cost Basis: $2,040,006.00 Security Identifier: 1,900,000.00 -139,689.71 36,555.56 140,000.00 7.36% 1,179,799.94 98.6250 Original Cost Basis: $1,182,500.00 2,669,316.47 98.6250 Original Cost Basis: $2,675,000.00 3,849,116.41 $3,849,116.41 Security Identifier: 1,084,875.02 -94,924.92 2,465,624.98 3,550,500.00 $3,550,500.00 -203,691.49 -298,616.41 -$298,616.41 11,348.44 25,791.92 37,140.36 $37,140.36 65,894.18 6.07% 149,759.50 6.07% 215,653.68 $215,653.68 2,997,192.40 95.2500 Original Cost Basis: $2,992,564.97 Security Identifier: 2,857,500.00 -139,692.40 78,125.00 187,500.00 6.56% 2,175,016.17 63.9000 Original Cost Basis: $2,175,016.17 1,577,691.00 -597,325.17 EFTA01430100 4,389.33 98,760.00 6.25% Page 5 of 18 Account Number: EFTA01430101 Portfolio Holdings (continued) U.S. DOLLARS (continued) Date Acquired Quantity FIXED INCOME (continued) Corporate Bonds (continued) LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL TIER 1 SECS 7.500% 04/27/88 B/E DTD 04/07/14S & P Rating BB1,903,000.000 04/10/14 *,3,12 Unit Cost Adjusted Cost Basis Market Price Market Value Unrealized Gain/Loss Accrued Interest Estimated Annual Income Estimated Yield Security Identifier: 102.3910 CITIGROUP INC FXD RT SR NT PERP DEP RECPT 5.950% 08/15/88 B/E DTD 08/12/15 CALLABLE 08/15/20 @ 100.000Moody Rating BA2 S & P Rating BB+ 08/06/15 Total Corporate Bonds TOTAL FIXED INCOME Date Acquired EQUITIES Common Stocks ALIBABA GROUP HLDG LTD SPONSORED ADR Dividend Option: Cash 06/10/15 AMAZON COM INC Dividend Option: Cash 03/29/18 04/02/18 Total Covered Total APOLLO GLOBAL MGMT LLC CL A SHS Dividend Option: Cash 263,157.00 of these shares are in your margin account 03/29/11 *,13 263,157.000 EFTA01430102 19.0000 4,999,983.00 500.000 500.000 1,000.000 1,000.000 1,423.8620 1,367.0210 5,000.000 88.9500 Securit Identifier: I= CUSIP: 444,749.00 711,930.80 683,510.38 1,395,441.18 $1,395,441.18 Securit Identifier: CUSIP: Im 24.5400 6,457,872.78 1,457,889.78 507,893.01 7.86% 137.0700 Security Identifier: = CUSIP: 1,501.9700 1,501.9700 750,985.00 750,985.00 1,501,970.00 $1,501,970.00 39,054.20 67,474.62 106,528.82 $106,528.82 $0.00 685,350.00 240,601.00 3,000,000.000 23,972,000.000 $23,744,104.80 23,972,000.000 Quantity Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Estimated EFTA01430103 Annual Income Estimated Yield 100.0000 1,948,500.00 96.4800 Original Cost Basis: $1,948,500.00 Security Identifier: 1,836,014.40 -112,485.60 1,585.83 142,725.00 7.77% 3,000,005.99 96.5000 Original Cost Basis: $3,000,006.00 $23,744,104.80 2,895,000.00 -105,005.99 $22,093,565.40 $22,093,565.40 -$1,650,539.40 -$1,650,539.40 67,433.33 $428,061.41 $428,061.41 178,500.00 6.16% $1,571,098.68 $1,571,098.68 Page 6 of 18 Account Number: EFTA01430104 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Portfolio Holdings (continued) U.S. DOLLARS (continued) Date Acquired EQUITIES (continued) Common Stocks (continued) APPLE INC COM Dividend Option: Cash 12/07/17 06/20/18 10/15/18 Total Covered Total BIOGEN IDEC INC COM Dividend Option: Cash 02/14/12 *,3 CENTENE CORP DEL COM Dividend Option: Cash 09/08/14 07/12/18 Total Common Stocks Preferred Stocks (Listed by expiration date) GMAC CAP TR I GTD TR PFD SECS SER 2 CPN8.125% FREQ QRTLY MATY-02/15/2040 CALL ANYTIME @25 W/30 DAYS BEGINS 02/15/16 Dividend Option: Cash 02/22/12 *,13 Total Preferred Stocks TOTAL EQUITIES TOTAL U.S. DOLLARS 80,000.000 23.5350 15,550.000 KARYOPHARM THERAPEUTICS INC COM Dividend Option: Cash 25,000.000 18.6840 63.6450 989,679.75 467,106.00 $62,968,600.98 Security Identifier: CUSIP: 1,882,773.60 $1,882,773.60 $64,851,374.58 Cost Basis $96,699,411.89 25.3500 2,028,000.00 EFTA01430105 $2,028,000.00 $61,283,745.18 Market Value $91,481,243.09 145,226.40 $145,226.40 -$3,567,629.40 Unrealized Gain/Loss -$5,218,168.80 Accrued Interest $428,061.41 163,568.48 8.06% $163,568.48 $1,559,141.49 Estimated Annual Income $3,202,482.83 Page 7 of 18 Account Number: 2,095.000 110.2720 231,019.65 214,000.000 50,000.000 40,000.000 304,000.000 304,000.000 169.8140 186.7940 219.0180 Quantity Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Estimated Annual Income Estimated Yield Security Identifier: = CUSIP: 36,340,223.40 9,339,697.00 8,760,702.00 54,440,622.40 $54,440,622.40 EFTA01430106 Security Identifier: = CUSIP: 300.9200 • Security Identifier: CUSIP: 115.3000 Security Identifier: = CUSIP: 9.3700 234,250.00 $59,255,745.18 -232,856.00 -$3,712,855.80 $1,395,573.01 1,792,915.00 803,235.25 630,427.40 399,407.75 157.7400 157.7400 157.7400 33,756,360.08 7,886,999.80 6,309,600.12 47,952,960.00 $47,952,960.00 -2,583,863.32 -1,452,697.20 -2,451,101.88 -6,487,662.40 -$6,487,662.40 624,880.00 1.85% 146,000.00 1.85% 116,800.00 1.85% 887,680.00 $887,680.00 EFTA01430107 Portfolio Holdings (continued) EURO Description CASH, MONEY FUNDS, AND BANK DEPOSITS Global Cash Balance TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Description FIXED INCOME (In Maturity Date Sequence) Corporate Bonds CASINO, GUICHARD-PERRACHON SA 4.407% 08/06/19 REG DTD 08/03/12 Moody Rating Bal S & P Ratin BB Security Identifier: Total Corporate Bonds: TOTAL FIXED INCOME 2,500,000.000 2,500,000.000 2,537,100.00 2,899,905.30 2,537,100.00 2,899,905.30 TOTAL EURO HONG KONG DOLLAR Description CASH, MONEY FUNDS, AND BANK DEPOSITS Global Cash Balance TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS 2,537,100.00 2,899,905.30 Quantity Opening Balance 183,242.25 183,242.25 EUR USD EUR USD Market Value Currency EUR USD Closing Balance Currency 183,242.25 23,405.17 183,242.25 23,405.17 TOTAL HONG KONG DOLLAR 183,242.25 23,405.17 EFTA01430108 HKD USD HKD USD Market Value Currency HKD USD 0.00 0.00 Accrued Interest 0.00 0.00 Page 8 of 18 Account Number: 44,371.85 50,717.02 44,371.85 50,717.02 Accrued Interest 44,371.85 50,717.02 Accrued Income 110,175.00 125,930.03 110,175.00 125,930.03 Estimated Annual Income 110,175.00 125,930.03 30-Day Yield 2,500,000.000 101.4840 2,537,100.00 2,899,905.30 EUR USD 44,371.85 50,717.02 110,175.00 125,930.03 4.34% Quantity Quantity Opening Balance EFTA01430109 -64.80 -64.80 Market Price Closing Balance Currency 0.00 0.00 0.00 0.00 EUR USD EUR USD Market Value Currency 0.00 0.00 Accrued Interest Estimated Annual Income Estimated Yield Accrued Income 30-Day Yield EFTA01430110 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Portfolio Holdings (continued) JAPANESE YEN Description Quantity CASH, MONEY FUNDS, AND BANK DEPOSITS Global Cash Balance TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Opening Balance -49.00 -49.00 Closing Balance Currency -49.00 -0.45 -49.00 -0.45 TOTAL JAPANESE YEN Cost Basis TOTAL PORTFOLIO HOLDINGS - U.S. DOLLARS * Noncovered under the cost basis rules as defined below. Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 1099B, the cost basis will not be reported to the IRS. Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of EFTA01430111 this information. 12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. 13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. $96,699,411.89 -49.00 -0.45 Market Value $94,404,553.11 JPY USD JPY USD Market Value Currency JPY USD Unrealized Gain/Loss -$5,218,168.80 0.00 0.00 Accrued Interest 0.00 0.00 Accrued Interest $478,778.43 Estimated Annual Income $3,328,412.86 Accrued Income 30-Day Yield Page 9 of 18 Account Number: EFTA01430112 Holdings Summary by Currency Currency U.S. DOLLARS EURO HONG KONG DOLLAR JAPANESE YEN Total USD Equivalent % of Allocation Cash 8,103,932 0 183,242 -49 8,127,337 9% Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is not available are marked "N/A" and are omitted from the Total. THE AS OF PRICE DATE ONLY APPEARS WHEN THE PRICE DATE DOES NOT EQUAL THE STATEMENT DATE. Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/disclosures for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, EFTA01430113 including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow. Option Disclosure Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Page 10 of 18 Account Number: Fixed Income 22,093,565 2,537,100 0 0 24,993,470 26% Equities 61,283,745 0 0 0 61,283,745 65% EFTA01430114 Total by Currency 91,481,243 USD 2,537,100 EUR 183,242 HKD -49 JPY 94,404,553 USD 100% EFTA01430115 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Portfolio Holdings Disclosures (continued) Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Ratings This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard & Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities; and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. Schedule of Realized Gains and Losses Current Period Description Date Disposed Short Term EURO CURRENCY Security Identifier: UBI SOFT ENTERTAINME 0000054470 SA MONTREUIL ACT Security Identifier: Total GENERAL ELECTRIC CO Security Identifier: 12/19/18 12/19/18 12/19/18 12/19/18 12/19/18 12/19/18 Total NINTENDO LTD ADR Security Identifier: EFTA01430116 Total Short Term 12/19/18 02/05/18 Covered First In First Out / SELL 02/23/18 02/26/18 03/05/18 03/07/18 03/12/18 03/16/18 Covered Covered Covered Covered Covered Covered First In First Out / SELL First In First Out / SELL First In First Out / SELL First In First Out / SELL First In First Out / SELL First In First Out / SELL 12/19/18 12/19/18 03/21/18 03/27/18 Covered Covered First In First Out / SELL First In First Out / SELL 5,600.000 5,600.000 11,200.000 2,500.000 2,500.000 800.000 5,000.000 2,500.000 11,700.000 25,000.000 10,000.000 455,058.33 455,058.32 910,116.65 18,889.63 18,889.63 6,044.68 37,779.26 18,889.63 88,403.45 EFTA01430117 188,896.28 333,989.65 2,346,949.61 489,130.40 485,068.46 974,198.86 40,551.71 40,551.71 12,980.63 81,097.41 40,551.71 189,759.90 405,493.07 517,906.00 2,807,640.57 -34,072.07 -30,010.14 -64,082.21 -21,662.08 -21,662.08 -6,935.95 -43,318.15 -21,662.08 -101,356.45 -216,596.79 -183,916.35 -460,690.96 Page 11 of 18 Account Number: 12/20/18 Date Acquired 12/19/18 Designation Noncovered* Disposition Method / Transaction First In First Out / SELL Quantity 796,815.200 Proceeds 913,947.03 Cost Basis 910,042.64 Realized Gain/Loss 3,904.39 EFTA01430118 Schedule of Realized Gains and Losses Current Period (continued) Description Date Disposed Total Short and Long Term Date Acquired Designation Disposition Method / Transaction Quantity Proceeds Cost Basis 2,346,949.61 2,807,640.57 Realized Gain/Loss -460,690.96 * Noncovered under the cost basis rules as defined below. Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 10998, the cost basis will not be reported to the IRS. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to EFTA01430119 the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. Messages Please note the following information for Pershing's 2018 IRS Form 1099 (B, DIV, INT, MISC and OID): Your Form 1099 will be delivered as early as possible, beginning January 31, 2019. By February 15, you will be mailed either your Form 1099 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have not received and processed final information from issuers and trustees of securities that you hold by the as of date of the February 15 1099 mailing. You will also be sent the notice if your information is still being reviewed and finalized. The notice will inform you of the securities that are pending final reporting and provides the anticipated mail date of your 1099. Your 1099 will be mailed no later than March 15, 2019. Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to SEC Rule 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Page 12 of 18 Account Number: EFTA01430120 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Activity Summary (All amounts shown are in base currency) Credits This Period Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Fees Taxes Withheld Other Cash Withdrawals Deposits Total Cash Totals Process/ Settlement Date Transactions by Type of Activity Trade/ Transaction Date Activity Type Securities Bought and Sold 12/21/18 12/19/18 SOLD UBI:FR 12/21/18 12/19/18 SOLD GE 12/21/18 12/19/18 SOLD NTDOY 12/24/18 12/20/18 CORRECTED SELL Total Securities Bought and Sold EURO Description UBI SOFT ENTERTAINMENT SA MONTREUIL ACT ALLOCATED ORDER YOUR BROKER ACTED AS AGENT AS OF 12/19/2018 GENERAL ELECTRIC CO COM UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT NINTENDO LTD ADR UNSOLICITED ORDER EURO Quantity -11,200.000 -25,000.000 -10,000.000 -796,815.200 Price 71.1900 EFTA01430121 7.5961 33.4400 1.1470 0.00 Accrued Interest Amount Currency 796,880.00 910,116.65 EUR USD 188,896.28 USD 333,989.65 USD 913,947.03 USD 796,880.00 EUR Page 13 of 18 Account Number: 0.00 2,346,949.61 $2,346,949.61 $124,445.80 $0.00 $0.00 $0.00 $0.00 0.00 0.00 $0.00 $2,471,395.41 0.00 0.00 $0.00 $0.00 $0.00 -$228.11 -$286.03 $0.00 0.00 0.00 $0.00 -$514.14 0.00 2,346,949.61 $2,346,949.61 $124,445.80 $0.00 -$228.11 -$286.03 $0.00 0.00 0.00 EFTA01430122 $0.00 $2,470,881.27 0.00 45,312,884.71 $45,312,884.71 $2,849,647.56 $4,238,988.10 $0.00 $0.00 $0.00 0.00 8,270,842.15 $8,270,842.15 $60,672,362.52 -48,533,305.28 0.00 -$48,533,305.28 $0.00 $0.00 -$1,406.11 -$7,286.40 -$77.65 -4,077,618 24 0.00 -$4,077,618.24 -$52,619,693.68 -48,533,305.28 45,312,884.71 -$3,220,420.57 $2,849,647.56 $4,238,988.10 -$1,406.11 -$7,286.40 -$77.65 -4,077,618.24 8,270,842.15 $4,193,223.91 $8,052,668.84 Debits This Period Net This Period Credits Year-to-Date Debits Year-to-Date Net Year-to-Date EFTA01430123 Process/ Settlement Date Transactions by Type of Activity (continued) Trade/ Transaction Date U.S. DOLLARS Dividends and Interest 12/03/18 12/17/18 12/18/18 12/27/18 12/31/18 FOREIGN BOND INTEREST CASH DIVIDEND RECEIVED FOREIGN SECURITY DIVIDEND RECEIVED NTDOY FOREIGN BOND INTEREST MONEY MARKET FUND INCOME RECEIVED PER232045 Total Dividends and Interest - U.S. DOLLARS Fees 12/03/18 12/03/18 12/18/18 FOREIGN CUSTODY FEE USD999997 FOREIGN CUSTODY FEE USD999997 FEE ON FOREIGN DIVIDEND WITHHELD AT THE SOURCE NTDOY Total Fees - U.S. DOLLARS Taxes Withheld 12/18/18 FOREIGN TAX WITHHELD AT THE SOURCE NTDOY Total Taxes Withheld - U.S. DOLLARS Transactions Summary EURO U.S. DOLLARS Total Accrued Interest 0.00 0.00 EFTA01430124 The price and quantity displayed may have been rounded. Page 14 of 18 Account Number: Total Amount Currency 796,880.00 1,560,764.62 EUR USD Total Accrued Interest USD Equivalent 0.00 0.00 Total Amount USD Equivalent 910,116.65 1,560,764.62 10000 SHRS NINTENDO LTD ADR RD 09/28 PD 12/18/18 0.00 Fgn Safekeeping NOV 2018 CUSIP: Fgn Safekeeping NOV 2018 CUSIP: 10000 SHRS NINTENDO LTD ADR RD 09/28 PD 12/18/18 0 00 1000000 DEUTSCHE BK AG N Y BRH VAR 4.875% 12/01/32 B/E DTD 12/01/17 CLB RD 11/30 PD 12/01/18 2469000 GENERAL ELEC CO GTD FXD-TO-FLTG RT NON-CUMULATIVE PERPETUAL PREFERRED 4.000% 12/03/65 REG DTD 12/03/15 CLB RD 11/30 PD 12/15/18 10000 SHRS NINTENDO LTD ADR RD 09/28 PD 12/18/18 1903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL TIER 1 SECS 7.500% 04/27/88 B/E DTD 04/07/14 CLB RD 12/12 PD 12/27/18 CASH AC TR DWS GOVT 0.00 Activity Type Total Securities Bought and Sold (continued) TOTAL USD EQUIVALENT Description Quantity Price Accrued Interest 0.00 0.00 Amount Currency 910,116.65 USD 1,436,832.96 USD 24,375.00 USD 49,380.00 USD 1,867.64 USD 35,681.25 USD 13,141.91 USD EFTA01430125 124,445.80 -2.00 USD -2.00 USD -224.11 USD -228.11 -286.03 USD -286.03 EFTA01430126 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Cash Not Yet Received Security Dividends GENERAL ELECTRIC CO COM Interest EXELA INTER LLC / EXELA FIN INC GTD FIRST PRIORITY SR Total Cash Not Yet Received 12/20/18 12/31/18 01/25/19 01/15/19 25,000.000 3,000,000.000 0.010000 0.050000 Cash Cash 250.00 150,000.00 $150,250.00 Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the information. Fixed Income Analysis Bond Quality Bond Quality A BAA BA/Lower Not Rated Total Bond Maturity Schedule Market Value 1,577,691.00 6,408,000.00 16,230,239.70 777,540.00 24,993,470.70 % of Bond Market Value 6% :: : :: : 26% I I I I I I I I I I I I I I I I I I I I I I I I I I 65% II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II II I1 3% 100% 0 20 40 EFTA01430127 60 80 100 Percent of Fixed Income Bond Maturity 1 to 6 months 7 to 12 months 1 to 5 years 6 to 10 years Over 10 years Total Market Value 972,500.00 2,899,905.30 2,865,000.00 2,861,820.00 15,394,245.40 24,993,470.70 Percentages of bond market values are rounded to the nearest whole percentage. Bond quality ratings reflect Moody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. Client Service Information Your Investment Specialist: ZEM MARTIN ZEMAN 345 PARK AVENUE NEW YORK NY 10154 % of Bond Market Value 4% 12% 11% 11% 62% 100% Record Date Payable Date Quantity Held Rate Dividend Option Amount of Payment Contact Information Telephone Number: Page 15 of 18 Account Number: EFTA01430128 Your Account Information TAX LOT DEFAULT DISPOSITION METHOD Default Method for Mutual Funds: Default Method for Stocks in a Dividend Reinvestment Plan: Default Method for all Other Securities: BOND AMORTIZATION ELECTIONS First In First Out First In First Out First In First Out Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Include market discount in income annually: ELECTRONIC DELIVERY You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment Specialist for more information. Important Information and Disclosures The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the EFTA01430129 acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, where applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. Pershing is a member of the Securities Investor Protection Corporation (SIPC®). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/about/strength-and- stability. This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted. Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has EFTA01430130 been submitted by all parties to the Page 16 of 18 Account Number: Constant Yield Method No EFTA01430131 December 1, 2018 - December 31, 2018 SOUTHERN FINANCIAL LLC Important Information and Disclosures (continued) Important Arbitration Disclosures (continued) panel at least 20 days prior to the first scheduled hearing date. • • • The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Page 17 of 18 Account Number: EFTA01430132 Page 18 of 18 Account Number: EFTA01430133 January 1, 2019 - January 31, 2019 Account Number: SOUTHERN FINANCIAL LLC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Portfolio at a Glance This Period Your Investment Specialist: MARTIN ZEMAN Commission Amount: $0.00 BEGINNING ACCOUNT VALUE Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Other Transactions Net Change in Portfoliol ENDING ACCOUNT VALUE Accrued Interest Estimated Annual Income $94,404,553.11 -8,000,000.00 86,404,553.11 210,317.04 -50.38 5,268,838.69 $91,883,658.46 $416,117.32 $3,235,282.89 Year-to-Date $94,404,553.11 -8,000,000.00 86,404,553.11 210,317.04 -50.38 5,268,838.69 $91,883,658.46 1 Net Change in Portfolio is the difference between the ending account value and beginning account value after activity. Asset Summary Percent 1% 28% 71% 100% Asset Type Cash, Money Funds, and Bank Deposits Fixed Income Equities EFTA01430134 Account Total (Pie Chart) Please review your allocation periodically with your Investment Specialist. Prior Year-End 8,127,337.23 24,993,470.70 61,283,745.18 $94,404,553.11 Last Period 8,127,337.23 24,993,470.70 61,283,745.18 $94,404,553.11 This Period 337,551.57 25,651,747.33 65,894,359.56 $91,883,658.46 EFTA01430135 Summary of Gains and Losses Realized Short-Term Gain/Loss Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. For Your Information The European Central Bank (the "ECB") and other credit institutions introduced "negative interest rates". Negative interest expense may be charged to your account if you have a deposit of foreign currency. The interest will be reported on your Forms 1099 and/or 1042 S. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Exchange Rate Table Currency EURO HONG KONG DOLLAR JAPANESE YEN USD Equivalent 1.1473 0.1274 0.0091 Currency per USD 0.8716 7.8465 108.8100 Exchange rates are based on interbank exchange rates as of 01/31/2019. Exchange rates can vary. Date Money Market Fund Detail Activity Type Sweep Money Market Fund CASH AC TR DWS GOVT & AG INSTL Current Yield: 2.30% Activity Ending: 01/31/19 01/01/19 01/03/19 01/10/19 01/16/19 01/28/19 01/31/19 01/31/19 01/31/19 Opening Balance Withdrawal Withdrawal Deposit EFTA01430136 Deposit Deposit Deposit Closing Balance Total All Money Market Funds MONEY FUND REDEMPTION MONEY FUND REDEMPTION MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE INCOME REINVEST Global Cash Currency EURO HONG KONG DOLLAR JAPANESE YEN Total Global Cash Balance Closing Balance -42.57 183,242.25 -49.00 Amount in Base Currency USD -48.84 23,353.31 -0.45 $23,304.02 This Period 0.00 0.00 0.00 Year-to-Date 0.00 0.00 0.00 Unrealized -3,243,809.11 3,337,948.06 94,138.95 Description Amount Balance 8,103,932.51 -2.00 -8,000,000.00 150,000.00 250.00 55,112.40 4,954.64 8,103,932.51 EFTA01430137 8,103,930.51 103,930.51 253,930.51 254,180.51 309,292.91 314,247.55 $314,247.55 $314,247.55 Page 2 of 15 Account Number: EFTA01430138 January 1, 2019 - January 31, 2019 SOUTHERN FINANCIAL LLC Income and Expense Summary Current Period Taxable Dividend Income Equities Money Market Other Dividends Interest Income Bond Interest Total Dividends, Interest, Income and Expenses Distributions Other Distributions Total Distributions 250.00 4,954.64 55,112.40 150,000.00 $210,317.04 -48.38 -$48.38 Non Taxable 0.00 0.00 0.00 0.00 $0.00 0.00 $0.00 Taxable 250.00 4,954.64 55,112.40 150,000.00 $210,317.04 -48.38 -$48.38 Year-to-Date Non Taxable 0.00 0.00 0.00 0.00 $0.00 0.00 $0.00 Portfolio Holdings U.S. DOLLARS Opening Date CASH AC TR DWS GOVT & AG INSTL EFTA01430139 01/01/19 Total Money Market TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Date Acquired Quantity FIXED INCOME (In Maturity Date Sequence) Corporate Bonds CITIZENS COMMUNICATIONS CO SR NT FULLY EXCHANGED FROM 17453BAX9 7.125% 03/15/19 B/E DTD 03/23/07Moody Rating CAA1 S & P Rating CCC+ 10/03/17 1,000,000.000 100.0090 Security Identifier: Unit Cost Adjusted Cost Basis Quantity Account Number CASH, MONEY FUNDS, AND BANK DEPOSITS Money Market 314,247.550 N/A 01/31/19 8,103,932.51 $8,103,932.51 $8,103,932.51 Market Price 314,247.55 $314,247.55 $314,247.55 Market Value 0.00 $0.00 $0.00 Unrealized Gain/Loss 4,954.64 $4,954.64 $4,954.64 Accrued Interest 2.30% 2.30% Estimated Annual Income Estimated Yield Activity Ending EFTA01430140 Opening Balance Closing Balance Accrued Income Income This Year 30-Day Yield Current Yield 1,000,094.64 98.5000 985,000.00 Original Cost Basis: $1,001,006.00 Page 3 of 15 Account Number: -15,094.64 26,916.67 71,250.00 7.23% EFTA01430141 Portfolio Holdings (continued) U.S. DOLLARS (continued) Date Acquired Quantity Unit Cost FIXED INCOME (continued) Corporate Bonds (continued) EXELA INTER LLC / EXELA FIN INC GTD FIRST PRIORITY SR SECD NT 144A 10.000% 07/15/23 B/E DTD 07/12/17 CLBMoody Rating B3 S & P Rating B 10/24/17 07/09/18 Total Covered Total 2,000,000.000 1,000,000.000 3,000,000.000 3,000,000.000 JBS INVTS GMBH GTD SR NT REG S ISIN#USA29866AB53 7.250% 04/03/24 B/E DTD 04/03/14S & P Rating BB2,000,000.000 10/31/17 97.0250 102.6200 Adjusted Cost Basis Market Pri