EFTA01571949.pdf

GHISLAINE MAXWELL EFTA01571949 EFTA01571950 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL 270 Park Avenue, New York, NY 10017-2014 ACCT. For the Period 1/1/14 to 1/31/14 Asset Account J.P. Morgan Team James Buckley Jason Bell Janet Young Gina Magliocco Jason Grosse Online access Banker Investment Specialist Client Service Team Client Service Team Client Service Team www.jpmorganonline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Table of Contents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Other Assets Portfolio Activity Page 2 5 8 9 14 16 Client News 2013 Year-End Tax 1099's You will be able to view your 2013 Form 1099 online beginning February 21, 2014. Unless you have selected edelivery, you should expect to receive them via mail shortly thereafter. You may contact your J.P. Morgan Team with any questions. 0000012663.00.0.9E.00001.MAXWE04.20140204 Page 1 of 30 EFTA01571951 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Other Market Value Accruals Market Value with Accruals Beginning Market Value 1,133,131.66 57,276.79 3,898,160.31 162,555.11 $5,251,123.87 8,152.08 $5,259,275.95 Ending Market Value 1,117,026.41 59,229.07 3,897,134.07 162,777.00 $5,236,166.55 10,191.15 $5,246,357.70 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 5,251,123.87 (229.45) 1,237,066.20 (1,236,836.75) $0.00 9,108.89 (24,066.21) $5,236,166.55 10,191.15 EFTA01571952 $5,246,357.70 Change In Value (16,105.25) 1,952.28 (1,026.24) 221.89 ($14,957.32) 2,039.07 ($12,918.25) Year-to-Date Value 5,251,123.87 (229.45) 1,237,066.20 (1,236,836.75) $0.00 9,108.89 (24,066.21) $5,236,166.55 10,191.15 $5,246,357.70 Estimated 50,043.72 21,151.37 $71,195.09 Current Annual Income Allocation 22% 1% 74% 3% 100% Cash & Fixed Income Equity Other Alternative Assets Asset Allocation Page 2 of 30 EFTA01571953 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Interest Income Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income CONTINUED Current Period Value 1,465.47 729.33 6,221.45 $8,416.25 1,250.00 (557.36) $692.64 Year-to-Date Value 1,465.47 729.33 6,221.45 $8,416.25 1,250.00 (557.36) $692.64 Unrealized Gain/Loss To-Date Value $77,686.30 Note: * This summary is for informational purposes only and is not to be used for any financial or tax purposes. This summary does not include securities which are taxable at the federal level but are state exempt. This summary may not include all income derived from Municipal Securities; Please consult your tax advisor for tax implications. 1 Other category combines all the remaining Tax Exempt Income generated by securities in the account which may not have a state affiliation. Tax-Exempt Income Summary by State* MA Current Period Value 692.64 Year-to-Date Value 692.64 Tax-Exempt Income EFTA01571954 Summary by State* Tax-Exempt Income Current Period Value $692.64 Year-to-Date Value $692.64 Page 3 of 30 EFTA01571955 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Account Summary Cost Summary Equity Cash & Fixed Income Other Total CONTINUED Cost 1,034,682.24 3,888,990.50 92,027.29 $5,015,700.03 Page 4 of 30 EFTA01571956 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Non-US Equity Preferred Stocks Concentrated & Other Equity Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Equity Detail Price US Large Cap Equity APACHE CORP 037411-10-5 APA Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Beginning Market Value 511,226.25 14,220.00 169.41 442,270.00 165,246.00 $1,133,131.66 Ending Market Value 495,228.99 15,060.00 159.92 440,937.00 165,640.50 $1,117,026.41 Current Period Value 1,117,026.41 1,034,682.24 EFTA01571957 82,344.17 50,043.72 4,855.43 4.47% Preferred Stocks Equity as a percentage of your portfolio - 22 % Change In Value (15,997.26) 840.00 (9.49) (1,333.00) 394.50 ($16,105.25) Current Allocation 9% 1% 1% 8% 3% 22% US Large Cap Equity US Small/Mid Cap Equity Non-US Equity Concentrated & Other Equity Asset Categories 80.26 95.000 7,624.70 11,403.30 (3,778.60) 76.00 19.00 1.00% Page 5 of 30 EFTA01571958 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price US Large Cap Equity BANK OF AMERICA CORP CITIGROUP INC NEW GENERAL MOTORS CO SCHLUMBERGER LTD SPDR S&P 500 ETF TRUST TWITTER INC 060505-10-4 BAC 47.43 172967-42-4 C 36.08 37045V-10-0 GM 87.57 806857-10-8 SLB 178.18 78462F-10-3 SPY 64.50 90184L-10-2 TWTR Total US Large Cap Equity $495,228.99 $435,852.56 $59,376.43 $6,966.22 $22.58 US Small/Mid Cap Equity GERON CORP 374163-10-3 GERN Non-US Equity RIO TINTO PLC ISIN GB0007188757 SEDOL 0718875 766994-90-9 BP 1.41% 2,000.000 129,000.00 90,320.00 38,680.00 1,495.000 266,379.10 250,407.85 15,971.25 5,009.74 1.88% 113.000 9,895.41 9,524.04 371.37 180.80 1.83% EFTA01571959 1,373.000 49,537.84 50,000.00 (462.16) 358.000 16,979.94 14,048.52 2,931.42 14.32 3.58 1,647.60 0.08% 3.33% 16.75 944.000 15,812.00 10,148.85 5,663.15 37.76 0.24% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 5.02 3,000.000 15,060.00 18,129.32 (3,069.32) 53.31 3.000 159.92 212.23 (52.31) Page 6 of 30 EFTA01571960 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price Preferred Stocks CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PN NA /BA1 COUNTRYWIDE CAPITAL V 7% PFD 222388-20-9 CFC PB 3PM CHASE CAPITAL XXIX 6.7% PFD 48125E-20-7 3PM PC Total Preferred Stocks 25.71 2,500.000 64,275.00 $440,937.00 62,500.00 $422,578.96 1,775.00 $18,358.04 4,187.50 $31,227.50 $1,837.50 Concentrated & Other Equity JPMORGAN CHASE & CO VAR RT PFD STK 04/30/2049 DTD 04/23/2008 46625H-HA-1 BBB /BA1 6.51% 7.08% 25.11 4,200.000 105,462.00 98,778.96 6,683.04 7,350.00 1,837.50 6.97% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 27.12 10,000.000 EFTA01571961 271,200.00 261,300.00 9,900.00 19,690.00 7.26% 110.43 150,000.000 165,640.50 157,909.17 7,731.33 11,850.00 2,995.35 7.09% Page 7 of 30 EFTA01571962 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 57,276.79 Alternative Assets Detail Price Hard Assets ETFS METAL SECURITIES LTD ISIN JE0081VS3770 SEDOL BlVS377 131994-91-5 SPDR GOLD TRUST Total Hard Assets 78463V-10-7 GLD $59,229.07 $76,999.78 120.09 190.000 22,817.10 31,931.40 120.97 301.000 36,411.97 45,068.38 Quantity Estimated Value Cost Est. Annual Income Accrued Income Ending Estimated Value 59,229.07 Change In Value 1,952.28 Current Allocation 1% Page 8 of 30 EFTA01571963 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash Non-USD Short Term US Fixed Income Non-US Fixed Income Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 2,789,951.38 919.76 315,070.53 629,040.76 163,177.88 $3,898,160.31 Ending Market Value 2,798,694.16 1,605.21 302,857.94 629,761.77 164,214.99 $3,897,134.07 Current Period Value 3,897,134.07 3,888,990.50 8,143.57 21,151.37 5,335.72 0.41% Change In Value 8,742.78 685.45 (12,212.59) 721.01 1,037.11 ($1,026.24) Current Allocation EFTA01571964 52% 1% 6% 12% 3% 74% Non-US Fixed Income Non-USD Cash Non-USD Short Term Cash Asset Categories US Fixed Income Cash & Fixed Income as a percentage of your portfolio 74 % Page 9 of 30 EFTA01571965 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1-5 years, 10+ years, Total Value 1 SUMMARY BY TYPE Market Value 3,370,548.07 310,146.50 216,439.50 $3,897,134.07 % of Bond Portfolio 88% 7% 5% 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. Note: A - Bonds purchased at a premium show amortization. 1 Cash & Fixed Income Detail Price Cash US DOLLAR 3PM NY MUNI MMKT FD - MORGAN FUND 3 7-Day Annualized Yield: .01% Total Cash 1.00 1.00 2,798,693.16 1.00 2,798,693.16 1.00 $2,798,694.16 2,798,693.16 1.00 $2,798,694.16 $0.00 $279.86 $23.27 0.01% EFTA01571966 279.86 23.27 0.01% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Cash & Fixed Income Cash NON USD Cash Corporate Bonds Municipal Bonds International Bonds Mutual Funds Total Value Market Value 2,798,694.16 1,605.21 310,146.50 216,439.50 548,252.19 21,996.51 $3,897,134.07 % of Bond Portfolio 72% 1% 7% 5% 14% 1% 100% 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. Page 10 of 30 EFTA01571967 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price Non-USD Cash POUND STERLING Non-USD Short Term JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/29/2014 MATURITY 02/05/2014 HELD BY LONDON TREASURY SERVICES Bearer 2538N9-9B-0 AD JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/30/2014 MATURITY 02/06/2014 HELD BY LONDON TREASURY SERVICES Bearer 253809-9B-9 OK Total Non-USD Short Term $302,857.94 $324,667.54 ($21,809.60) $2,333.96 $14.65 US Fixed Income JPM MANAGED RESERVES FD - GBP-C-DIST ISIN LU0539309053 051398-91-5 BP ISHARES GBP CORPORATE BOND UCITS ETF ISIN IE0OBOOFV011 SEDOL BOOFV01 461278-91-3 BP 209.49 105.00 21,996.51 19,023.08 2,973.43 10,492.34 7.74 81,179.26 81,082.31 96.95 0.80% 15.90 1,247,737.49 198,376.32 210,593.58 (12,217.26) 1,686.19 9.32 0.89% Quantity EFTA01571968 Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 1.64 976.73 1,605.21 1,609.84 (4.63) 89.69 116,491.78 104,481.62 114,073.96 (9,592.34) 647.77 5.33 0.63% Page 11 of 30 EFTA01571969 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price US Fixed Income HSBC FINANCE CORP MEDIUM TERM NOTE 2.9% OCT 15 2015 DTD 10/15/2010 40429X-YB-6 A /BAA GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 36962G-2V-5 AA+ /A1 BANK OF AMERICA CORP MEDIUM TERM NOTE 3.6% NOV 15 2016 DTD 11/04/2010 06050W-DW-2 A- /BAA A MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 59455T-PF-3 AAA /AAA A BIRDVILLE TEXAS INDEPENDENT SCHOOL DIST PERM SCH GTD FUND UNLIMITED TAX 5% FEB 15 2029 DTD 01/15/2007 HELD BY DTC BOOK ENTRY ONLY PAR CALL 02/15/2017 @ 100 090874-FV-5 AAA /AAA 108.97 100,000.00 108,968.00 106,275.86 110,503.00 2,692.14 5,000.00 2,305.50 4.19% 109.70 50,000.00 54,851.50 53,071.32 55,424.00 1,780.18 2,500.00 833.30 4.01% 104.96 150,000.00 157,441.50 EFTA01571970 150,000.00 7,441.50 5,400.00 1,140.00 1.77% 99.92 50,000.00 49,960.00 45,394.50 4,565.50 237.55 54.10 0.51% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 102.75 100,000.00 102,745.00 100,000.00 2,745.00 2,900.00 853.80 1.27% Page 12 of 30 EFTA01571971 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price US Fixed Income A MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 57586C-FW-0 AAA /AAA Total US Fixed Income $629,761.77 $606,513.64 $615,466.89 Non-US Fixed Income BLUEBAY HIGH YIELD BD FD GBP HDG-DB ISIN LU0222772518 G13289-92-4 BP ISHARES GBP INDEX-LINKED GILTS UCITS ETF ISIN IE00B1FZSD53 SEDOL B1G52V0 46578W-92-2 BP Total Non-US Fixed Income $164,214.99 $157,505.32 $6,709.67 $0.00 0.00% 21.47 5,790.00 124,320.99 118,212.32 6,108.67 212.32 187.90 39,894.00 39,293.00 601.00 $23,248.13 $18,537.55 $5,297.80 2.15% 105.24 50,000.00 52,620.00 51,666.57 54,040.00 953.43 2,500.00 111.10 EFTA01571972 4.58% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Page 13 of 30 EFTA01571973 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Other Summary Asset Categories Balanced Beginning Estimated Value 162,555.11 Ending Estimated Value 162,777.00 Change In Value 221.89 Current Allocation 3% Current Market Value/Cost Estimated Value Tax Cost Estimated Gain/Loss Note: ** Period Value 162,777.00 92,027.29 4,969.27 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. Other Detail Price Balanced JPM INC OPP FD - GBP - A - DIST(HDG) ISIN LU0323456201 287991-93-9 BP 149.78 450.272 67,443.55 1,663.11 ** N/A Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accruals Page 14 of 30 EFTA01571974 EFTA01571975 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Price Balanced PIMCO FUNDS GLOBAL INVESTORS SERIES - GLOBAL INVESTMENT GRADE CREDIT FUND ISIN IE00B3BMD843 SEDOL B3BMD84 695421-91-7 BP Total Balanced $162,777.00 $92,027.29 $4,969.27 21.86 4,361.513 95,333.45 90,364.18 4,969.27 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Accruals Page 15 of 30 EFTA01571976 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions INFLOWS Total Inflows Income Ending Cash Balance Period Value 2,789,950.38 8,742.78 $8,742.78 $2,798,693.16 Year-To-Date Value* -8,742.78 $8,742.78 -INCOME Current Period Value 0.00 Year-To-Date Value* -$0.00 $0.00 $0.00 -Current Cost Adjustments Amortization Total Cost Adjustments Period Value (557.36) ($557.36) * 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 Year-To-Date Value* (557.36) ($557.36) Page 16 of 30 EFTA01571977 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 1/2 1/2 1/10 1/15 Interest Income Interest Income Foreign Dividend Municipal Interest Description DEPOSIT SWEEP INTEREST FOR 12/01/13 - 12/31/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $2,789,905.59 AS OF 01/01/14 JPM CHASE CAPITAL XXIX 6.7% PFD @ 0.41875 PER SHARE (ID: 48125E-20-7) SCHLUMBERGER LTD @ 0.3125 PER SHARE (ID: 806857-10-8) MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 (ID: 57586C-FW-0) 1/30 1/31 Interest Income Div Domest Total Inflows & Outflows CITIGROUP CAPITAL XIII 7 7/8% PFD @ 0.492187 PER SHARE (ID: 173080-20-1) SPDR S&P 500 ETF TRUST @ 0.98025 PER SHARE (ID: 78462F-10-3) 10,000.000 1,495.000 0.492 0.98 4,921.87 1,465.47 $8,742.78 2,500.000 113.000 50,000.000 0.419 0.312 0.025 1,046.88 35.31 1,250.00 EFTA01571978 Quantity Cost Per Unit Amount PRINCIPAL Amount 23.25 INCOME Amount Page 17 of 30 EFTA01571979 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 COST ADJUSTMENTS Settle Date 1/15 Type Amortization Description MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 57586C-FW-0) Quantity 50,000.000 Cost Basis Adjustments (557.36) Page 18 of 30 EFTA01571980 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - Canadian Dollar PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Withdrawals Ending Cash Balance Period Value -60.76 $60.76 (60.76) ($60.76) -Year-To-Date Value* -60.76 $60.76 (60.76) ($60.76) -Local Value Current Period Value 0.00 66.19 66.19 (66.19) (66.19) 0.00 INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 EFTA01571981 Year-To-Date Value* --Year-To-Date Value* -66.19 66.19 (66.19) (66.19) -Page 19 of 30 EFTA01571982 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - Canadian Dollar Current Securities Transferred In/Out Securities Transferred In Securities Transferred Out Period Value 426,905.54 (426,844.78) Year-To-Date Value* 426,905.54 (426,844.78) * 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 Portfolio Activity Detail - Canadian Dollar INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 1/6 Foreign Interest Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 12/27/2013 MATURITY 01/06/2014 HELD BY LONDON TREASURY SERVICES (ID: 2538E9-9D-6) 1/6 1/13 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Foreign Interest JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/06/2014 MATURITY 01/13/2014 HELD BY LONDON TREASURY SERVICES (ID: 2538F9-9Z-6) 1/13 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) (14.040) (12.85) (14.04) Page 20 of 30 (20.050) 116,445.640 (18.88) (20.05) 12.85 EFTA01571983 14.04 Quantity 116,425.590 Amount USD Local Value PRINCIPAL Amount USD Local Value 18.88 20.05 INCOME Amount USD Local Value Currency Gain/Loss USD EFTA01571984 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 1/21 Foreign Interest Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/13/2014 MATURITY 01/21/2014 HELD BY LONDON TREASURY SERVICES (ID: 2538H9-9U-5) 1/21 1/29 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Foreign Interest JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/21/2014 MATURITY 01/29/2014 HELD BY LONDON TREASURY SERVICES (ID: 2538K9-9P-2) 1/29 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT CANADIAN DOLLAR (ID: OCADPR-AA-6) Total Inflows & Outflows SECURITIES TRANSFERRED IN/OUT Notes: Settle Date Selection Method Securities Transferred In 1/6 Receipt of Assets Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/06/2014 MATURITY 01/13/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538F9-9Z-6) (16.050) (14.37) (16.05) $0.00 (16.050) 116,475.730 (14.66) (16.05) 14.37 16.05 Quantity 116,459.680 Amount USD Local Value EFTA01571985 PRINCIPAL Amount USD Local Value 14.66 16.05 INCOME Amount USD Local Value Currency Gain/Loss USD * 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 116,445.640 114,032.08 Transaction Market Value * 109,621.69 Page 21 of 30 EFTA01571986 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Notes: * 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 Settle Date Selection Method Securities Transferred In 1/13 Receipt of Assets Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/13/2014 MATURITY 01/21/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538H9-9U-5) 1/21 Receipt of Assets JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/21/2014 MATURITY 01/29/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538K9-9P-2) 1/29 Receipt of Assets JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/29/2014 MATURITY 02/05/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538N9-9B-0) Total Securities Transferred In Securities Transferred Out 1/6 Free Delivery $426,905.54 116,491.780 114,073.96 104,294.53 116,475.730 114,059.59 106,365.67 Quantity Cost 116,459.680 114,044.93 Transaction Market Value * 106,623.65 JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 12/27/2013 MATURITY 01/06/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538E9-9D-6) EFTA01571987 1/13 Free Delivery JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/06/2014 MATURITY 01/13/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538F9-9Z-6) (116,445.640) 114,032.08 (106,610.79) (116,425.590) 114,013.20 (109,602.81) Page 22 of 30 EFTA01571988 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Notes: * 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 Settle Date Selection Method Securities Transferred Out 1/21 Free Delivery Description JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/13/2014 MATURITY 01/21/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538H9-9U-5) 1/29 Free Delivery JP MORGAN CHASE BANK - CAD LONDON TIME DEPOSITS 0.6200% DATED 01/21/2014 MATURITY 01/29/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538K9-9P-2) Total Securities Transferred Out ($426,844.78) (116,475.730) 114,059.59 (104,280.16) Quantity Cost (116,459.680) 114,044.93 Transaction Market Value * (106,351.02) Page 23 of 30 EFTA01571989 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - Norwegian Krone PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Withdrawals Ending Cash Balance Period Value -168.69 $168.69 (168.69) ($168.69) -Year-To-Date Value* -168.69 $168.69 (168.69) ($168.69) -Local Value Current Period Value 0.00 1,039.23 1,039.23 (1,039.23) (1,039.23) 0.00 INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 EFTA01571990 Year-To-Date Value* --Year-To-Date Value* -1,039.23 1,839.23 (1,039.23) (1,039.23) -Page 24 of 30 EFTA01571991 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - Norwegian Krone Current Securities Transferred In/Out Securities Transferred In Securities Transferred Out Period Value 810,160.66 (809,991.97) Year-To-Date Value* 810,160.66 (809,991.97) * 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 Portfolio Activity Detail - Norwegian Krone INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 1/7 Foreign Interest Description HELD BY LONDON TREASURY SERVICES (ID: 2538E9-9P-9) 1/7 1/14 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Foreign Interest HELD BY LONDON TREASURY SERVICES (ID: 2538H9-9A-9) 1/14 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) (206.110) (33.67) (206.11) Page 25 of 30 (361.890) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1,247,060.150 0.8500% DATED 01/07/2014 MATURITY 01/14/2014 (58.70) (361.89) 33.67 206.11 Quantity JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1,246,698.260 EFTA01571992 0.9500% DATED 12/27/2013 MATURITY 01/07/2014 Amount USD Local Value PRINCIPAL Amount USD Local Value 58.70 361.89 INCOME Amount USD Local Value Currency Gain/Loss USD EFTA01571993 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 1/22 Foreign Interest Description HELD BY LONDON TREASURY SERVICES (ID: 2538J9-9N-9) 1/22 1/30 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Foreign Interest HELD BY LONDON TREASURY SERVICES (ID: 2538L9-9U-0) 1/30 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Total Inflows & Outflows SECURITIES TRANSFERRED IN/OUT Notes: Settle Date Selection Method Securities Transferred In 1/7 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/07/2014 MATURITY 01/14/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538H9-9A-9) (235.640) (38.18) (235.64) $0.00 (235.590) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1,247,501.850 0.8500% DATED 01/22/2014 MATURITY 01/30/2014 (38.14) (235.59) 38.18 235.64 Quantity JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1,247,266.260 0.8500% DATED 01/14/2014 MATURITY 01/22/2014 Amount USD Local Value PRINCIPAL Amount USD EFTA01571994 Local Value 38.14 235.59 INCOME Amount USD Local Value Currency Gain/Loss USD * 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 1,247,060.150 210,483.59 Transaction Market Value * 202,288.83 Page 26 of 30 EFTA01571995 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Notes: * 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 Settle Date Selection Method Securities Transferred In 1/14 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/14/2014 MATURITY 01/22/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538J9-9N-9) 1/22 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/22/2014 MATURITY 01/30/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538L9-9U-0) 1/30 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/30/2014 MATURITY 02/06/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 253809-9B-9) Total Securities Transferred In Securities Transferred Out 1/7 Free Delivery $810,160.66 1,247,737.490 210,593.58 202,159.33 1,247,501.850 210,555.40 201,962.44 Quantity Cost 1,247,266.260 210,517.26 Transaction Market Value * 203,750.06 JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.9500% DATED 12/27/2013 MATURITY 01/07/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538E9-9P-9) EFTA01571996 1/14 Free Delivery JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/07/2014 MATURITY 01/14/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538H9-9A-9) (1,247,060.150 ) 210,483.59 (203,716.39) (1,246,698.260 ) 210,424.89 (202,230.13) Page 27 of 30 EFTA01571997 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Notes: * 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 Settle Date Selection Method Securities Transferred Out 1/22 Free Delivery Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/14/2014 MATURITY 01/22/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 253839-9N-9) 1/30 Free Delivery JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 0.8500% DATED 01/22/2014 MATURITY 01/30/2014 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2538L9-9U-0) Total Securities Transferred Out ($809,991.97) (1,247,501.850 ) 210,555.40 (202,121.15) Quantity Cost (1,247,266.260 ) 210,517.26 Transaction Market Value * (201,924.30) Page 28 of 30 EFTA01571998 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary - Pound Sterling PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income Ending Cash Balance Period Value -694.02 $694.02 -Year-To-Date Value* -694.02 $694.02 -Local Value Current Period Value 555.33 421.40 421.40 976.73 INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 * 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 Year-To-Date Value* --Year-To-Date Value* -421.40 EFTA01571999 421.40 -Page 29 of 30 EFTA01572000 GHISLAINE MAXWELL ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 1/9 Foreign Dividend Description BLUEBAY HIGH YIELD BD FD GBP HDG-DB ISIN LU0222772518 @ 2.2427 PER SHARE CONY. @ "CONV RATE" (ID: G13289-92-4) Quantity 187.898 Amount USD Local Value 3.694 2.243 PRINCIPAL Amount USD Local Value 694.02 421.40 INCOME Amount USD Local Value Currency Gain/Loss USD Page 30 of 30 EFTA01572001 For the Period 1/1/14 to 1/31/14 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 EFTA01572002 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 EFTA01572003 For the Period 1/1/14 to 1/31/14 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, EFTA01572004 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 EFTA01572005 For the Period 1/1/14 to 1/31/14 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 non- electronic 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. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets EFTA01572006 I. 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. 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. Disclosures Page 3 of 5 EFTA01572007 For the Period 1/1/14 to 1/31/14 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 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