EFTA01547035.pdf

SOUTHERN FINANCIAL, LLC 6100 RED HOOK QUARTER B3 ST THOMAS 00802 VIRGIN ISLANDS (U.S.) EFTA01547035 EFTA01547036 For the Period 9/1/13 to 9/30/13 Account Summary Account Number Investment Account(s) SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC 2 Total Value 1 Beginning Net Market Value 70,977,092.83 0.00 23,664,284.95 0.00 $94,641,377.78 Ending Net Market Value 33,389,482.66 0.00 62,992,867.81 0.00 $96,382,350.47 This account summary is provided for informational purposes and includes assets at different entities. (1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit Insurance Corporation ("FDIC"), except for exchangelisted options, which are held at 3PMorgan Clearing Corporation ("JPMCC"). The Asset Account Statement reflects brokerage transactions executed through J.P. Morgan Securities LLC ("JPMS"), see "Portfolio Activity Detail". Equity securities, fixed income securities, and listed options transactions are generally cleared through JPMCC, a wholly owned subsidiary of 3PMS. Please see "Additional Information About Your Accounts" at the end of the Asset Account Statement. (2) Assets held in Margin Account at JPMCC, member Financial Regulatory Authority ("FINRA") and Securities Insurance Protection Corporation ("SIPC"). The Margin Account Statement reflects brokerage transactions executed by JPMS, see "Portfolio Activity Detail". Such transactions are cleared and carried through JPMCC. Please see disclosures located at the end of this statement package for important information relating to each 3.P.Morgan account(s). Change EFTA01547037 In Value (37,587,610.17) 0.00 39,328,582.86 0.00 $1,740,972.69 Start on Page 4 38 39 56 Client News J.P. Morgan Securities LLC's (JPMS LLC) and J.P. Morgan Clearing Corp.'s (JPMCC) Net Capital and Net Capital Requirements At June 30, 2013, JPMS LLC's net capital of $13.8 billion exceeded the minimum regulatory net capital requirement of $1.8 billion by $12.0 billion. JPMCC's net capital of $6.7 billion was approximately 7.9% of aggregate debit items and exceeded the minimum regulatory net capital requirement of $1.7 billion by $5.0 billion. Complete copies of JPMS LLC's and JPMCC's individual unaudited Statement of Financial Condition may be obtained, at no cost, by accessing: http://investor.shareholder.com/jpmorganchase/financialcondition.cfm Additionally, you may call 1-866-576-1300 to request a hard copy of the statement. 0000007991.15.0.15.00001.SOUTHAH.20131002 Consolidated Statement Page 1 EFTA01547038 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01547039 For the Period 9/1/13 to 9/30/13 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 44,300,328.69 2,021,051.39 47,434,837.61 $93,756,217.69 885,160.09 $94,641,377.78 Ending Market Value 45,890,984.95 1,792,473.02 47,946,882.01 $95,630,339.98 752,010.49 $96,382,350.47 Change In Value 1,590,656.26 (228,578.37) 512,044.40 $1,874,122.29 (133,149.60) $1,740,972.69 Equity Current Portfolio Activity Beginning Market Value Net Contributions/Withdrawals Income & Distributions Change in Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 93,756,217.69 10,879.90 107,683.41 1,755,558.98 $95,630,339.98 752,010.49 EFTA01547040 $96,382,350.47 Year-to-Date Value 0.00 90,316,325.82 1,567,824.85 3,746,189.31 $95,630,339.98 752,010.49 $96,382,350.47 Estimated 2,514,419.64 Current Annual Income Allocation 48% Cash & 2% 1,495,074.31 $4,009,493.95 50% 100% Alternative Assets Fixed Income Asset Allocation This Consolidated Summary shows all of your investments at J.P. Morgan other than investments we hold in trust for you. These investments may be held in custody or investment management account at JPMorgan Chase Bank, N.A. (the "Bank") or in a brokerage or margin account at J.P. Morgan Clearing Corp. ("JPMCC"). Brokerage and margin accounts are non-discretionary and all investment decisions are made by the client. J.P. Morgan Securities LLC ("JPMS") does not provide advice on asset allocation or investment management services, nor do its personnel take discretion over any client accounts. Such advice and services are provided exclusively by the Bank. Consolidated Statement Page 2 EFTA01547041 For the Period 9/1/13 to 9/30/13 Consolidated Summary INVESTMENT ACCOUNT(S) YEAR-TO-DATE Portfolio Activity SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC Total Value Income Summary SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC Total Value Account Number Beginning Market Value 0.00 0.00 $0.00 Account Number Net Contributions/ Withdrawals 30,086,952.29 60,229,373.53 $90,316,325.82 Income 1,049,551.08 20,907.04 $1,070,458.12 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Income Other Income & Receipts 497,366.73 $497,366.73 Income & Distributions 1,049,551.08 518,273.77 $1,567,824.85 Change in Investment Value 1,941,206.13 1,804,983.18 $3,746,189.31 Realized Gain/Loss EFTA01547042 Short-term 616,356.54 1,902.00 $618,258.54 ($285,078.32) Long-term (285,078.32) Ending Market Value with Accruals 33,389,482.66 62,992,867.81 $96,382,350.47 Unrealized Gain/Loss, 1,640,083.09 3,720,854.24 $5,360,937.33 CONTINUED Consolidated Statement Page 3 EFTA01547043 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Asset Account J.P. Morgan Team William Sheridan Justin Nelson Paul Barrett Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Investment Specialist Client Service Team 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). 212/464-1321 203/629-3124 212/622-2770 800/634-1318 Table of Contents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Portfolio Activity Page 2 4 9 10 16 Account Page 1 of 34 Consolidated Statement Page 4 EFTA01547044 SOUTHERN FINANCIAL, LLC ACCT. • For the Period 9/1/13 to 9/30/13 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 35,278,219.09 2,021,051.39 32,792,785.62 $70,092,056.10 885,036.73 $70,977,092.83 Ending Market Value 7,196,680.27 1,792,473.02 24,088,556.21 $33,077,709.50 311,773.16 $33,389,482.66 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (0.02) (37,981,777.00) ($37,981,777.02 ) 107,067.53 860,362.89 $33,077,709.50 311,773.16 $33,389,482.66 Period Value 70,092,056.10 Change In Value EFTA01547045 (28,081,538.82) (228,578.37) (8,704,229.41) ($37,014,346.60 ) (573,263.57) ($37,587,610.17 ) Year-to-Date Value 0.00 15,362,706.02 (430,430.13) 53,240,793.69 (38,086,117.29) $30,086,952.29 1,049,551.08 1,941,206.13 $33,077,709.50 311,773.16 $33,389,482.66 Estimated Current Annual Income Allocation 22% 5% 844,378.86 $844,378.86 73% 100% Alternative Assets Cash & Fixed Income Equity Asset Allocation Account Page 2 of 34 Consolidated Statement Page 5 EFTA01547046 SOUTHERN FINANCIAL, LLC ACCT. • For the Period 9/1/13 to 9/30/13 Account Summary Income Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Accrued Interest Current Year Income CONTINUED Current Period Value 42,156.25 54,375.00 (82,061.37) 107,316.00 34,239.98 (48,958.33) $107,067.53 Year-to-Date Value 667,695.00 108,750.00 (458,703.08) 868,470.64 34,239.98 (170,901.46) $1,049,551.08 Unrealized Gain/Loss To-Date Value $1,640,083.09 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 308,177.72 (440,515.64) ($132,337.92) Year-to-Date Value 616,356.54 (285,078.32) $331,278.22 Cost Summary Equity Cash & Fixed Income Total 22,576,195.37 EFTA01547047 Cost 6,978,122.54 $29,554,317.91 Account Page 3 of 34 Consolidated Statement Page 6 EFTA01547048 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Non-US Equity European Large Cap Equity Emerging Market Equity Preferred Stocks Concentrated & Other Equity Unclassified Total Value Market Value/Cost Market Value Cost Unrealized Gain/Loss Accrued Dividends Beginning Market Value 3,973,273.78 938,500.00 3,506,921.96 1,962,200.00 833,168.31 8,600,970.99 15,463,184.05 0.00 $35,278,219.09 Ending Market Value 0.00 0.00 3,845,048.36 2,051,200.00 0.00 330,412.42 (29,980.51) 1,000,000.00 $7,196,680.27 Current Period Value 7,196,680.27 6,978,122.54 248,538.24 4,370.00 Equity as a percentage of your portfolio - 22 % Change In Value (3,973,273.78) (938,500.00) EFTA01547049 338,126.40 89,000.00 (833,168.31) (8,270,558.57) (15,493,164.56) 1,000,000.00 ($28,081,538.82 ) Current Allocation Asset Categories 12% 6% Preferred Stocks 1% Unclassified 3% 22% European Large Cap Equity Non-US Equity Account Page 4 of 34 Consolidated Statement Page 7 EFTA01547050 SOUTHERN FINANCIAL, LLC ACCT. • For the Period 9/1/13 to 9/30/13 Note: P ** indicates position adjusted for Pending Trade Activity. Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price US Large Cap Equity P P GENERAL ELECTRIC CO UIL HOLDINGS CORP WESTAR ENERGY INC Total US Large Cap Equity 369604-10-3 GE 37.18 902748-10-2 UIL 30.65 95709T-10-0 WR $0.00 $0.00 $0.00 $0.00 $4,370.00 US Small/Mid Cap Equity P P P ENDURO ROYALTY TRUST RINGCENTRAL INC-CLASS A VIOLIN MEMORY INC 29269K-10-0 NDRO 17.50 76680R-20-6 RNG 9.00 92763A-10-1 VMEM Total US Small/Mid Cap Equity $0.00 $0.00 $0.00 $0.00 0.00% 0.00 0.00 12.59 0.00 EFTA01547051 12.13% 0.00% 0.00 4.44% 0.00 23.89 0.00 4,370.00 4.65% 3.18% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Account Page 5 of 34 Consolidated Statement Page 8 EFTA01547052 SOUTHERN FINANCIAL, LLC ACCT. • For the Period 9/1/13 to 9/30/13 Price Non-US Equity ACCOR SA ISIN FR0000120404 SEDOL 5852842 F00189-90-6 UR ADECCO SA-REG ISIN CH0012138605 SEDOL 7110720 H00392-92-0 HF AUTOGRILL SA ISIN IT000113734 SEDOL 5256206 T8347V-91-5 UR BNP PARIBAS ISIN FR0000131104 SEDOL 7309681 F07875-90-3 UR CARREFOUR SUPERMARCHE ISIN FR0000120172 SEDOL 5641567 F13923-90-3 UR COCA-COLA HBC AG ISIN CH0198251305 SEDOL B9895B7 588874-91-7 BP COMPAGNIE DE SAINT-GOBAIN ISIN FR0000125007 SEDOL 7380482 F80343-95-1 UR FRAPORT AG ISIN DE0005773303 SEDOL 7107551 D3856U-90-0 UR JC DECAUX INTERNATIONAL ISIN FR0000077919 SEDOL 7136663 F5333N-91-0 UR 36.84 10,000.000 368,395.84 327,986.80 40,409.04 69.88 5,000.000 349,383.83 327,646.17 21,737.66 49.55 6,750.000 334,464.91 319,967.65 14,497.26 29.96 11,300.000 338,535.56 331,777.88 6,757.68 EFTA01547053 34.35 10,500.000 360,663.11 329,196.98 31,466.13 67.68 5,000.000 338,412.50 329,132.36 9,280.14 17.58 21,400.000 376,295.74 333,823.48 42,472.26 71.22 4,900.000 348,974.29 339,220.24 9,754.05 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 41.61 8,750.000 364,098.00 337,612.87 26,485.13 Account Page 6 of 34 Consolidated Statement Page 9 EFTA01547054 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Price Non-US Equity LLOYDS BANKING GROUP PLC ISIN GB0008706128 SEDOL 0870612 G91101-10-8 BP RENAULT SA ISIN FR0000131906/SEDOL 4712798 759994-90-8 UR Total Non-US Equity $3,845,048.36 $3,637,834.94 $207,213.42 $0.00 0.00% 79.77 4,000.000 319,082.37 317,870.23 1,212.14 1.19 291,000.000 346,742.21 343,600.28 3,141.93 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield European Large Cap Equity HSBC CONT BUFF EQ SX5E 08/29/14 102.56 80% EKO BARRIER- 4%CPN 17% CAP INITIAL LEVEL-05/24/13 SX5E:2764.29 40432X-FP-1 Preferred Stocks VOLKSWAGEN AG PFD ISIN DE0007664039 SEDOL 5497168 928662-92-3 UR 2,000,000.000 2,051,200.00 2,000,000.00 51,200.00 236.01 EFTA01547055 1,400.000 330,412.42 340,287.60 (9,875.18) Account Page 7 of 34 Consolidated Statement Page 10 EFTA01547056 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Price Concentrated & Other Equity LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 N/O Client SWPBDR-UH-6 Unclassified P JPM CONT BUFF EQ SX7P 10/16/14 85% CONTIN BARRIER- 0%CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 48126N-VE-4 100.00 1,000,000.000 1,000,000.00 1,000,000.00 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 1.00 888,972.000 (29,980.51) N/A ** N/A Account Page 8 of 34 Consolidated Statement Page 11 EFTA01547057 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 2,021,051.39 Alternative Assets Detail Price Hard Assets SG MARKET PLUS WTI CRUDE 08/05/14 LNKD TO CL1 78.75% BARRIER- 10%CPN ,UNCAPPED INITIAL LEVEL-07/25/13 CL1:105.68 78423E-HS-6 WTI CALL OPTION USD PUT OPTION STRIKE 110.00 EXPIRING 02/14/2014 250,000 BARRELS OTCBDC-PH-K WTI PUT OPTION USD CALL OPTION STRIKE 93.50, KI @ EXP 83.50 EXPIRING 02/14/2014 250,000 BARRELS OTCBDP-KG-F Total Hard Assets $1,792,473.02 $2,000,000.00 Account Page 9 of 34 Consolidated Statement Page 12 1.00 (250.000) (504,232.71) (562,500.00) 1.00 250.000 303,305.73 562,500.00 99.67 2,000,000.000 1,993,400.00 2,000,000.00 Quantity Estimated Value Cost Ending Estimated Value EFTA01547058 1,792,473.02 Change In Value (228,578.37) Current Allocation 5% EFTA01547059 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash US Fixed Income Non-US Fixed Income Complementary Structured Strategies Foreign Exchange Contracts Total Value Market Value/Cost Market Value Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 1,645,091.62 373,398.54 23,908,322.34 2,970,682.30 3,852,993.10 42,297.72 $32,792,785.62 Ending Market Value 8,151,028.93 383,323.91 11,966,252.62 2,193,750.00 1,480,911.74 (86,710.99) $24,088,556.21 Current Period Value 24,088,556.21 22,576,195.37 1,599,071.83 844,378.86 307,403.16 4.39% Cash Cash & Fixed Income as a percentage of your portfolio 73 % Change In Value 6,505,937.31 9,925.37 (11,942,069.72) EFTA01547060 (776,932.30) (2,372,081.36) (129,008.71) ($8,704,229.41 ) Current Allocation 25% 1% 36% 7% 4% 73% Non-USD Cash US Fixed Income Non-US Fixed Income Complementary Structured Strategies Asset Cate ories Account Page 10 of 34 Consolidated Statement Page 13 EFTA01547061 SOUTHERN FINANCIAL, LLC ACCT. • For the Period 9/1/13 to 9/30/13 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1-5 years' 5-10 years' 10+ years' Total Value 1 SUMMARY BY TYPE Market Value 10,015,264.58 2,193,750.00 3,908,750.00 8,057,502.62 $24,175,267.20 % of Bond Portfolio 46% 8% 15% 31% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash & Fixed Income Cash NON USD Cash Corporate Bonds International Bonds Mortgage and Asset Backed Bonds Complementary Structure Total Value Market Value 8,151,028.93 383,323.91 2,120,000.00 7,128,420.00 4,911,582.62 1,480,911.74 $24,175,267.20 % of Bond Portfolio 39% 1% 8% EFTA01547062 28% 19% 5% 100% Account Page 11 of 34 Consolidated Statement Page 14 EFTA01547063 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY Value in Currency CANADIAN DOLLAR JAPANESE YEN (5,000,000.00) 468,650,000.00 Note: 1 This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Fixed Income Detail Price Cash US DOLLAR COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Total Cash 1.00 1.00 1.00 9,092,533.00 (1,173,375.00 ) 231,870.93 9,092,533.00 (1,173,375.00) 231,870.93 $8,151,028.93 9,092,533.00 (1,173,375.00) 231,870.93 $8,151,028.93 $0.00 $909.25 $30.11 0.01% 909.25 30.11 0.01% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income EFTA01547064 Accrued Interest Yield Account Page 12 of 34 Consolidated Statement Page 15 EFTA01547065 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Price Non-USD Cash EURO PRINCIPAL CURRENCY US Fixed Income KINDRED HEALTHCARE INC 8 1/4% JUN 01 2019 DTD 06/01/2011 494580-AB-9 NR /B3 LLOYDS BANK PLC MTN 9 7/8% DEC 16 2021 DTD 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FQXT1 G4715J-9D-3 BBB /BA1 SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT 12/20/2032 DTD 10/30/2002 81744A-AB-4 CCC /CAA COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% 03/25/2033 DTD 01/01/2003 12669D-YS-1 STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 6.000% 04/25/2033 DTD 03/28/2003 86359A-QW-6 CCC / COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% 08/25/2033 DTD 06/01/2003 12669E-RR-9 63.36 1,329,890.45 842,552.09 1,024,015.64 (181,463.55) 7,099.32 590.47 6.49% 94.16 929,400.49 875,077.03 929,400.49 (54,323.46) 55,764.02 4,647.00 7.63% 94.06 1,242,557.86 1,168,774.77 1,186,642.75 EFTA01547066 (17,867.98) 71,447.07 5,953.09 6.04% 75.79 1,021,478.31 774,147.76 753,340.26 20,807.50 16,887.07 91.93 5.57% 119.25 1,500,000.00 1,788,750.00 1,627,500.00 161,250.00 148,125.00 117,265.50 6.74% 106.00 2,000,000.00 2,120,000.00 1,966,250.00 153,750.00 165,000.00 55,000.00 6.95% 1.35 283,178.22 383,323.91 377,195.09 6,128.82 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Account Page 13 of 34 Consolidated Statement Page 16 EFTA01547067 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Price US Fixed Income IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 DTD 03/03/2005 45254N-NC-7 CC /CA CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 161630-AK-4 CCC /CA LBG CAPITAL NO.1 PLC 144A VAR RT 12/29/2049 DTD 12/15/2009 HELD BY EUROCLEAR ISIN XS0473106283 SEDOL B51C139 50178R-9A-1 BB- /NA Total US Fixed Income $11,966,252.62 $11,797,971.35 $168,281.27 $718,469.61 $254,248.05 Non-US Fixed Income PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 71668A-9B-9 6.67% 104.86 3,000,000.00 3,145,920.00 3,247,500.00 (101,580.00) 240,000.00 70,665.00 7.60% 96.57 0.02 0.02 0.02 3.24% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income EFTA01547068 Accrued Interest Yield 82.06 1,524,476.26 1,251,030.95 1,063,322.19 187,708.76 14,147.13 35.06 4.44% 87.75 2,500,000.00 2,193,750.00 2,250,000.00 (56,250.00) 125,000.00 53,125.00 11.82% Account Page 14 of 34 Consolidated Statement Page 17 EFTA01547069 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Price Complementary Structured Strategies JPY CALL CAD PUT FX EUROPEAN STYLE OPTION OCT 08, 2013 @ 76.9 AT EXP KI @ 69.65 XJPYCA-TZ-Z AD JPY PUT CAD CALL FX EUROPEAN STYLE OPTION OCT 08, 2013 @ 80.9 XJPYPB-EX-Z AD Total Complementary Structured Strategies $1,480,911.74 $0.00 $1,480,911.74 $0.00 0.00% 0.18 809,000,000.00 1,480,911.74 336,952.82 1,143,958.92 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield (769,000,000.00 ) (336,952.82) 336,952.82 Market Value Receivable Trade Date Foreign Exchange Contracts CANADIAN DOLLAR JAPANESE YEN Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value EFTA01547070 Payable Unrealized Gain/Loss Aug. 23 13 Oct. 10 13 CAD JPY (5,000,000.00) 468,650,000.00 93.730000 95.431595 4,776,353.32 4,863,064.31 (86,710.99) Account Page 15 of 34 Consolidated Statement Page 18 EFTA01547071 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 12,434,002.46 (4,995,200.00) $7,438,802.46 $9,092,533.00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 43,687,044.90 (47,382,903.92) ($3,695,859.02) -$0.00 104,000.00 $258,888.92 Period Value 1,394,841.62 154,888.92 Year-To-Date Value* -1,449,566.07 14,227,338.26 6,518,663.17 $22,195,567.50 (430,430.11) (8,976,745.37) ($9,407,175.48) Current Cost Adjustments Cost Adjustments EFTA01547072 Total Cost Adjustments Period Value $0.00 Year-To-Date Value* 6,129,741.97 $6,129,741.97 Current Securities Transferred In/Out Securities Transferred In Securities Transferred Out Period Value (37,981,777.00) Year-To-Date Value* 52,196,971.85 (38,086,117.29) Account Page 16 of 34 Consolidated Statement Page 19 EFTA01547073 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 9/3 9/3 9/3 9/12 9/19 9/19 9/20 9/20 Accrued Int Recd Interest Income Div Domest Accrued Int Recd Accrued Int Paid Accrued Int Recd Corporate Interest Accrued Int Recd Description ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 (ID: 989701-BF-3) DEPOSIT SWEEP INTEREST FOR 08/01/13 - 08/31/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $2,353,433.31 AS OF 09/01/13 GENERAL MOTORS CO CV PFD B @ 0.59375 PER SHARE (ID: 37045V-20-9) ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 (ID: 989701-BF-3) PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 (ID: 71668A-9B-9) PETROLEOS DE VENEZUELA S 8 1/2% NOV 02 2017 DTD 10/29/2010 HELD BY EUROCLEAR ISIN USP7807HAK16 SEDOL BSSCOL3 (ID: 716550-9A-8) SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT 12/20/2032 DTD 10/30/2002 (ID: 81744A-AB-4) ENTRY REVERSED ON 10/02/2013 CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 (ID: 161630-AK-4) 9/23 Accrued Int Recd HOMEBANC MORTGAGE TRUST 2004-1 CL 1M1 VAR RT 08/25/2029 DTD 07/30/2004 (ID: 43739E-AC-1) 960,981.704 0.001 EFTA01547074 810.29 1,027,327.757 1,828,512.946 0.001 0.001 1,403.21 2,623.48 2,500,000.000 0.032 80,868.06 71,000.000 450,000.000 2,500,000.000 0.00 0.594 0.006 0.02 42,156.25 2,610.00 (48,958.33) Quantity Cost 250,000.000 Per Unit Amount 0.004 Amount 1,000.00 19.71 Account Page 17 of 34 Consolidated Statement Page 20 EFTA01547075 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Type Settle Date Selection Method Income 9/25 9/25 9/25 9/25 9/30 Corporate Interest Corporate Interest Corporate Interest Corporate Interest Foreign Dividend Total Income Type Settle Date Selection Method Foreign Exchange - Inflows Spot FX 9/23 Description LINKED CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 5.748750000 DEAL 09/18/13 VALUE 09/23/13 (ID: OARSPR-CV-1) Quantity Cost (597,870.000) (104,000.00) Description COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% 03/25/2033 DTD 01/01/2003 (ID: 12669D-YS-1) COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% 08/25/2033 DTD 06/01/2003 (ID: 12669E-RR-9) IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 DTD 03/03/2005 (ID: 45254N-NC-7) STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 6.000% 04/25/2033 DTD 03/28/2003 (ID: 86359A-QW-6) ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE @ 0.453125 PER SHARE (ID: 780097-71-3) $154,888.92 120,000.000 0.453 54,375.00 Quantity Cost 1,258,961.920 1,347,212.307 1,542,857.020 EFTA01547076 936,183.760 Per Unit Amount 0.005 0.004 0.001 0.005 Amount 6,094.98 6,013.93 1,181.65 4,690.69 Amount 104,000.00 Account Page 18 of 34 Consolidated Statement Page 21 EFTA01547077 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 SECURITIES TRANSFERRED IN/OUT Notes: Settle Date Selection Method Securities Transferred Out 9/25 Free Delivery 9/25 9/25 Free Delivery Free Delivery Description ALLY FINANCIAL INC 8 1/2% PFD ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 02005N-30-8) ARIAD PHARMACEUTICALS INC ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 04033A-10-0) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 060505-DT-8) 9/25 Free Delivery BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 06739F-HK-0) 9/25 9/25 9/25 Free Delivery Free Delivery Free Delivery BIOGEN IDEC INC ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 09062X-10-3) DEUTSCHE BK AG LDN BRH DBL LONG ETN38 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 25154H-55-8) EARTHLINK INC 8 7/8% MAY 15 2019 DTD 05/17/2011 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 270321-AC-6) (2,095.000) 250,454.95 (50,000.000) 352,529.00 (1,000,000.000 ) 1,033,500.00 (510,216.30) EFTA01547078 (420,500.00) (956,250.00) (300,000.000) 300,000.00 (310,434.00) * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Quantity Cost (126,600.000) 2,782,242.51 (16,535.000) 290,997.40 (2,000,000.000 ) 2,081,180.56 Transaction Market Value * (3,411,870.00) (327,558.35) (2,218,860.00) Account Page 19 of 34 Consolidated Statement Page 22 EFTA01547079 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 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 9/25 Free Delivery 9/25 9/25 9/25 Free Delivery Free Delivery Free Delivery Description FACEBOOK INC-A ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 30303M-10-2) GMAC CAPITAL TRUST I PFD STK 8 1/8% ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 361860-20-8) GENERAL ELECTRIC CO ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 369604-10-3) GENERAL ELEC CAP CORP 7.125% DEC 15 2049 DTD 06/12/2012 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 369622-SN-6) 9/25 Free Delivery GENERAL ELEC CAP CORP 5.250% 12/31/2049 DTD 05/29/2013 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 369622-ST-3) 9/25 9/25 9/25 Free Delivery Free Delivery Free Delivery GENERAL MOTORS CO CV PFD B ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 37045V-20-9) HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 42210P-AQ-5) JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 EFTA01547080 DTD 04/23/2008 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 46625H-HA-1) Account Page 20 of 34 Consolidated Statement Page 23 (71,000.000) 3,585,969.22 (1,000,000.000 ) 1,035,000.00 (5,000,000.000 ) 5,498,006.95 (3,591,180.00) (1,055,000.00) (5,519,050.00) (1,400,000.000 ) 1,400,000.00 (1,298,696.00) Quantity Cost (17,500.000) 665,000.00 (80,000.000) 1,882,773.60 (23,000.000) 496,109.08 (2,000,000.000 ) 2,122,916.67 Transaction Market Value * (847,875.00) (2,144,000.00) (559,360.00) (2,193,080.00) EFTA01547081 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 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 9/25 Free Delivery Description JPMORGAN CHASE & CO VAR RT 07/24/2013 DTD 07/29/2013 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 48126H-AA-8) 9/25 Free Delivery ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 780097-71-3) 9/25 9/25 Free Delivery Free Delivery SANGAMO BIOSCIENCES INC ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 800677-10-6) SERVICEMASTER COMPANY 8% FEB 15 2020 DTD 02/13/2012 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 81760N-AN-9) 9/25 Free Delivery SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC AS OF 09/25/13 (ID: 842400-FU-2) 9/27 9/27 Free Delivery Free Delivery Total Securities Transferred Out Account Page 21 of 34 3PM LATIN AMERICA FD - SEL FUND 3815 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, LLC CLIENT REF 3264036 (ID: 4812A3-47-8) 3PM VALUE ADVANTAGE FD - INSTL FUND 1400 ASSET TRANSFER TO A/C W92099-0 SOUTHERN FINANCIAL, EFTA01547082 LLC CLIENT REF 3264036 (ID: 4812A2-58-7) (49,504.950) 1,000,000.00 (78,709.170) 2,000,000.00 (915,841.58) (2,032,270.77) ($37,981,777.00) Consolidated Statement Page 24 (3,000,000.000 ) 3,016,649.17 (3,114,450.00) (50,000.000) 422,214.00 (2,500,000.000 ) 2,665,625.00 (518,000.00) (2,518,750.00) (120,000.000) 2,924,400.00 (2,802,000.00) Quantity Cost (750,000.000) 750,000.00 Transaction Market Value * (716,535.00) EFTA01547083 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 TRADE ACTIVITY Note: Trade Date Settle Date 8/28 9/3 9/4 9/9 9/10 9/10 9/10 9/10 9/5 9/11 9/5 9/11 9/10 9/12 9/9 9/12 L indicates Long Term Realized Gain/Loss C indicates Currency Gain/Loss S indicates Short Term Realized Gain/Loss 0 indicates Ordinary Income Realized Gain * Settled transaction was initiated in prior statement period and settled in current statement period Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Expired Option High Cost Expired Option High Cost Sale High Cost Sale High Cost Sell Option FIFO Sale High Cost ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 @ 100.10 JP MORGAN SECURITIES LLC (BIDL) (ID: 989701-BF-3) MEDLEY CAPITAL CORP @ 12.895385 83,820.00 EFTA01547084 BROKERAGE 260.00 TAX &/OR SEC 1.46 J.P. MORGAN SECURITIES LLC (ID: 58503F-10-6) JPY CALL USD PUT FX EUROPEAN STYLE OPTION SEP 486,250,000.000 10, 2013 @ 97.25 AT EXP KI @94.75 EXPIRATION OF WRITTEN FX OPTION (ID: XJPYCA-UI-Z) JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP 500,000,000.000 10, 2013 @ 105. EXPIRATION OF WRITTEN FX OPTION (ID: XJPYPB-FK-Z) JARDEN CORP @ 46.95 46,950.00 BROKERAGE 40.00 TAX &/OR SEC .82 J.P. MORGAN SECURITIES LLC (ID: 471109-10-8) LINKEDIN CORP - A @ 240.00 360,000.00 BROKERAGE 60.00 TAX &/OR SEC 6.27 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) JPY PUT USD CALL FX EUROPEAN STYLE OPTION SEP (500,000,000.000 ) 10, 2013 @ 100. RESALE OF PURCHASED FX OPTION (ID: XJPYPB-FJ-Z) ZIONS BANCORPORATION VAR RT 09/29/2049 DTD 08/13/2013 @ 100.10 450,450.00 BROKERAGE 225.00 JP MORGAN SECURITIES LLC (BIDL) (ID: 989701-BF-3) Account Page 22 of 34 Consolidated Statement Page 25 (450,000.000) 100.05 450,225.00 (450,000.00) 225.00 S 17,438.96 (121,500.00) (104,061.04) C (1,500.000) 239.956 359,933.73 (334,500.00) 25,433.73 S (1,000.000) 46.909 46,909.18 (47,000.00) (90.82) S 36,500.00 36,500.00 C 85,000.00 85,000.00 C (6,500.000) 12.855 83,558.54 (84,500.00) (941.46) S Quantity EFTA01547085 (250,000.000) Per Unit Amount 100.10 Proceeds 250,250.00 Cost (250,000.00) Realized Gain/Loss 250.00 S* EFTA01547086 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Trade Date Settle Date 9/10 9/13 9/10 9/13 9/13 9/18 9/13 9/18 9/13 9/18 9/16 9/19 9/16 9/19 9/20 9/20 9/17 9/20 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost ENBRIDGE ENERGY MANAGEMENT LLC @ 28.376671 99,318.35 BROKERAGE 140.00 TAX &/OR SEC 1.73 J.P. MORGAN SECURITIES LLC (ID: 29250X-10-3) INERGY MIDSTREAM LP @ 22.178804 55,447.01 BROKERAGE 100.00 TAX &/OR SEC .97 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) STRATASYS LTD @ 93.10 279,300.00 BROKERAGE 120.00 TAX &/OR SEC 4.86 J.P. MORGAN SECURITIES LLC (ID: M85548-10-1) COMPANIA CERVECERIAS UNIDAS S A ADR @ 26.80 53,600.00 BROKERAGE 80.00 TAX &/OR SEC .94 J.P. MORGAN SECURITIES LLC (ID: 204429-10-4) EFTA01547087 EVERTEC INC @ 22.80 68,400.00 BROKERAGE 120.00 TAX &/OR SEC 1.20 J.P. MORGAN SECURITIES LLC (ID: 30040P-10-3) PETROLEOS DE VENEZUELA S 8 1/2% NOV 02 2017 DTD (2,500,000.000 10/29/2010 HELD BY EUROCLEAR ISIN USP7807HAK16 SEDOL B5SCOL3 (ID: 716550-9A-8) CITIGROUP INC PFD 7.125% @ 25.00 1,625,000.00 BROKERAGE 2,600.00 TAX &/OR SEC 28.28 J.P. MORGAN SECURITIES LLC (ID: 172967-35-8) Principal Payment SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT Pro Rata Sale High Cost (5,849.450) 12/20/2032 DTD 10/30/2002 PAYMENT A/C PRINCIPAL (ID: 81744A-AB-4) ENTRY REVERSED ON 10/02/2013 CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 @ 90.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,180,000.00 (ID: 161630-AK-4) Account Page 23 of 34 Consolidated Statement Page 26 (1,828,512.946 ) 90.00 1,645,661.66 (1,618,233.96) 27,427.70 S 100.00 5,849.45 (4,313.97) 1,535.48 S (65,000.000) 24.96 1,622,371.72 (1,625,000.00) (2,628.28) S 93.50 2,337,500.00 (2,262,750.00) 40,510.02 S 34,239.98 0 (3,000.000) 22.76 68,278.80 (67,500.00) 778.80 S (2,000.000) 26.76 53,519.06 (52,000.00) EFTA01547088 1,519.06 S (3,000.000) 93.058 279,175.14 (279,000.00) 175.14 S (2,500.000) 22.138 55,346.04 (56,250.00) (903.96) S Quantity (3,500.000) Per Unit Amount 28.336 Proceeds 99,176.62 Cost (101,500.00) Realized Gain/Loss (2,323.38) S EFTA01547089 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Trade Date Settle Date 9/18 9/23 9/18 9/23 9/18 9/23 9/25 9/25 9/25 9/25 9/25 9/25 9/25 9/25 9/20 9/26 9/24 9/27 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale High Cost REPUBLIC OF ARGENTINA NOTES DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN US040114GM64 SEDOL B2PDMW3 (ID: 042993-9S-6) HOMEBANC MORTGAGE TRUST 2004-1 CL 1M1 VAR RT 08/25/2029 DTD 07/30/2004 @ 60.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 9,551,000.00 (ID: 43739E-AC-1) JPM 3YR NC CLN TO MTOR 04/16/15 INITIAL RATE 6.20% CPN DD 04/16/12 @ 107.25 JP MORGAN SECURITIES LLC (BIDL) (ID: 4662A0-4Q-1) Principal Payment COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% Pro Rata (16,404.060) 03/25/2033 DTD 01/01/2003 PAYMENT A/C PRINCIPAL (ID: 12669D-YS-1) Principal Payment COUNTRYWIDE HOME LOANS 2003-26 CL B1 5.33684% Pro Rata 08/25/2033 DTD 06/01/2003 PAYMENT A/C PRINCIPAL (ID: 12669E-RR-9) Principal Payment IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 EFTA01547090 Pro Rata DTD 03/03/2005 PAYMENT A/C PRINCIPAL (ID: 45254N-NC-7) Principal Payment STRUCTURED ASSET SECURITIES CO 2003-10 CL B2 Pro Rata 6.000% 04/25/2033 DTD 03/28/2003 PAYMENT A/C PRINCIPAL (ID: 86359A-QW-6) Sale High Cost Sale High Cost NAVIOS MARITIME PARTNERS LP @ 14.010004 35,025.01 BROKERAGE 100.00 TAX &/OR SEC .61 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) MS MARKET PLUS MRK 08/20/14 80% EKO BARRIER3.55%CPN ,UNCAPPED INITIAL LEVEL-02/14/13 MRK:41.19 @ 113.27 JP MORGAN SECURITIES LLC (BIDL) (ID: 61761)-DA-4) Account Page 24 of 34 Consolidated Statement Page 27 (1,000,000.000 ) 113.27 1,132,700.00 (1,000,000.00) 132,700.00 S (2,500.000) 13.97 34,924.40 (35,650.00) (725.60) S (6,783.270) 128.824 8,738.46 (6,783.27) 1,955.19 S (18,380.760) 100.00 18,380.76 (12,820.58) 5,560.18 S (17,321.860) 100.00 17,321.86 (13,337.83) 3,984.03 L 100.00 16,404.06 (15,665.88) 738.18 S (1,500,000.000 ) 107.25 EFTA01547091 1,608,750.00 (1,500,000.00) 108,750.00 L (960,981.704) 60.00 576,589.02 (540,552.21) 36,036.81 S Quantity (7,500,000.000 ) Per Unit Amount 8.00 Proceeds 600,000.00 Cost (1,038,750 00) Realized Gain/Loss (438,750.00) L EFTA01547092 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Trade Date Settle Date 9/24 9/27 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost GS MXN STEP UP NOTE 11/22/13 LNKD TO MXN VS USD 85%BARRIER- 5% ATM CPN-22.9%MXRTRN 11/08/12, INITIAL STRIKE: 13.11925 @ 104.50 JP MORGAN SECURITIES LLC (BIDL) (ID: 38141G-HY-3) Total Settled Sales/Maturities/Redemptions $12,434,002.46 ($12,396,107.70) ($326,015.97) L $312,231.79 S $17,438.96 C $34,239.98 0 Quantity (1,000,000 000 ) Per Unit Amount 104.50 Proceeds 1,045,000.00 Cost (1,000,000.00) Realized Gain/Loss 45,000.00 S Trade Date Settle Date Type Description Settled Securities Purchased 9/4 Purchase 9/9 9/5 9/10 9/5 9/10 9/10 9/13 9/10 9/13 9/13 EFTA01547093 9/17 9/13 9/18 Purchase Purchase Purchase Purchase Purchase Purchase MEDLEY CAPITAL CORP @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 58503F-10-6) JARDEN CORP @ 47.00 J.P. MORGAN SECURITIES LLC (ID: 471109-10-8) LINKEDIN CORP - A @ 223.00 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) ENBRIDGE ENERGY MANAGEMENT LLC @ 29.00 J.P. MORGAN SECURITIES LLC (ID: 29250X-10-3) INERGY MIDSTREAM LP @ 22.50 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) COMPANIA CERVECERIAS UNIDAS S A ADR @ 26.00 J.P. MORGAN SECURITIES LLC (ID: 204429-10-4) STRATASYS LTD @ 93.00 J.P. MORGAN SECURITIES LLC (ID: M85548-10-1) Quantity 6,500.000 1,000.000 1,500.000 3,500.000 2,500.000 2,000.000 3,000.000 Per Unit Amount 13.00 47.00 223.00 29.00 22.50 26.00 93.00 Account Page 25 of 34 Market Cost (84,500.00) (47,000.00) (334,500.00) (101,500.00) (56,250.00) (52,000.00) (279,000.00) Consolidated Statement Page 28 EFTA01547094 EFTA01547095 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Trade Date Settle Date Type Settled Securities Purchased 9/13 Purchase 9/18 9/16 9/19 9/12 9/19 9/20 9/25 9/25 9/30 Purchase Purchase Purchase Total Settled Securities Purchased Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 9/25 9/30 9/27 10/2 9/27 10/2 9/27 10/2 Sale Sale Sale WESTAR ENERGY INC (ID: 957091-10-0) ENDURO ROYALTY TRUST (ID: 29269K-10-0) RINGCENTRAL INC-CLASS A (ID: 76680R-20-6) UIL HOLDINGS CORP (ID: 902748-10-2) Quantity (2,000.000) (5,000.000) (500.000) (2,500.000) Per Unit Amount 31.16 13.00 17.50 EFTA01547096 36.99 Purchase Description EVERTEC INC @ 22.50 J.P. MORGAN SECURITIES LLC (ID: 30040P-10-3) PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 (ID: 71668A-9B-9) CITIGROUP INC PFD 7.125% @ 25.00 J.P. MORGAN SECURITIES LLC (ID: 172967-35-8) NAVIOS MARITIME PARTNERS LP @ 14.26 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) WESTAR ENERGY INC @ 31.15 J.P. MORGAN SECURITIES LLC (ID: 95709T-10-0) 65,000.000 2,500.000 2,000.000 25.00 14.26 31.15 (1,625,000.00) (35,650.00) (62,300.00) ($4,995,200.00) Proceeds 62,238.91 64,798.86 8,729.84 92,373.39 Cost (62,300.00) (69,250.00) (6,500.00) (93,125.00) Realized Gain/Loss (61.09) S (4,451.14) S 2,229.84 S (751.61) S Quantity 3,000.000 2,500,000.000 Per Unit Amount 22.50 90.00 Market Cost (67,500.00) (2,250,000.00) Account Page 26 of 34 EFTA01547097 Consolidated Statement Page 29 EFTA01547098 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 9/27 10/2 VIOLIN MEMORY INC (ID: 92763A-10-1) Total Pending Sales, Maturities, Redemptions Quantity (500.000) Per Unit Amount 7.50 Proceeds 3,729.93 $231,870.93 Cost (4,500.00) ($235,675.00) Realized Gain/Loss (770.07) S ($3,804.07) S Trade Date Est. Settle Date Type Pending Securities Purchased 9/24 Purchase 9/27 9/27 10/2 9/27 10/2 9/27 10/2 9/27 10/2 Total Pending Securities Purchased ($1,173,375.00) Purchase Purchase Purchase Purchase Description 3PM CONT BUFF EQ SX7P 10/16/14 85% CONTIN BARRIER- 0%CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 (ID: 48126N-VE-4) ENDURO ROYALTY TRUST (ID: 29269K-10-0) EFTA01547099 VIOLIN MEMORY INC (ID: 92763A-10-1) UIL HOLDINGS CORP (ID: 902748-10-2) RINGCENTRAL INC-CLASS A (ID: 76680R-20-6) 5,000.000 500.000 2,500.000 500.000 13.85 9.00 37.25 13.00 (69,250.00) (4,500.00) (93,125.00) (6,500.00) Quantity 1,000,000.000 Per Unit Amount 100.00 Market Cost (1,000,000.00) Account Page 27 of 34 Consolidated Statement Page 30 EFTA01547100 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Summary - Argentine Peso Beginning Cash Balance US Dollar Value Current Transactions OUTFLOWS ** Total Outflows Foreign Exchange - Outflows TRADE ACTIVITY Total Trade Activity Period Value -(104,000.00) ($104,000.00) Settled Sales/Maturities/Redemptions Ending Cash Balance 104,000.00 $104,000.00 -Year-To-Date Value* -(104,000.00) ($104,000.00) 104,000.00 $104,000.00 -Local Value Current Period Value 0.00 (597,870.00) (597,870.00) 597,870.00 597,870.00 0.00 Year-To-Date Value* -(597,870.00) (597,870.00) 597,870.00 597,870.00 -Current Securities Transferred In/Out Securities Transferred In Period Value Year-To-Date Value* 15,621.40 * Year to date information is calculated on a calendar year basis. EFTA01547101 ** Your account's standing instructions use a HIGH COST method for relieving assets from your osition Account Page 28 of 34 Consolidated Statement Page 31 EFTA01547102 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Detail - Argentine Peso INFLOWS & OUTFLOWS Type Settle Date Selection Method Foreign Exchange - Outflows Spot FX 9/23 Description LINKED CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 5.748750000 DEAL 09/18/13 VALUE 09/23/13 (ID: OARSPR-CV-1) TRADE ACTIVITY - Argentine Peso L indicates Long Term Realized Gain/Loss Note: Trade Date Settle Date 9/18 9/23 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost REPUBLIC OF ARGENTINA -ARS NOTES DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL BOS5SP7 (ID: 042993-9R-8) Quantity (10,000,000.000 ) Quantity 104,000.000 Amount USD Local Value (104,000.00) (597,870.00) Currency Gain/Loss USD C indicates Currency Gain/Loss Per Unit Amount USD Local Value 1.04 5.979 Proceeds USD Local Value 104,000.00 597,870.00 Cost USD Realized Local Value Gain/Loss USD EFTA01547103 (318,000.00) (1,256,100.00) (114,499.67) L (99,500.33) C Account Page 29 of 34 Consolidated Statement Page 32 EFTA01547104 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Summary - Canadian Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows Ending Cash Balance $0.00 (0.01) ($0.01) -0.01 26,722,951.76 $26,722,951.77 (0.01) (26,722,951.76) ($26,722,951.77) -0.00 (0.01) (0.01) 0.00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 0.01 27,500,000.00 27,500,000.01 (0.01) (27,500,000.00) (27,500,000.01) -Period Value -Year-To-Date Value* -Local Value Current Period Value 0.01 Year-To-Date Value* EFTA01547105 -Account Page 30 of 34 Consolidated Statement Page 33 EFTA01547106 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Detail - Canadian Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Withdrawals 9/20 Misc Disbursement Description WRITE OFF CANADIAN DOLLAR (ID: OCADPR-AA-6) Amount USD Local Value (0.01) Currency Gain/Loss USD Account Page 31 of 34 Consolidated Statement Page 34 EFTA01547107 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Summary - Swiss Franc Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows $0.00 OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Total Trade Activity Settled Securities Purchased $0.00 Ending Cash Balance -(0.01) ($0.01) Period Value -Year-To-Date Value* -13,606,585.71 $13,606,585.71 (0.01) (13,256,846.75) ($13,256,846.76) (339,220.24) ($339,220.24) -Local Value Current Period Value 0.01 Year-To-Date Value* -0.00 (0.01) (0.01) 12,641,566.58 12,641,566.58 (0.01) (12,328,499.99) (12,328,500.00) 0.00 0.00 EFTA01547108 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 (313,066.58) (313,066.58) -Account Page 32 of 34 Consolidated Statement Page 35 EFTA01547109 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Portfolio Activity Detail - Swiss Franc INFLOWS & OUTFLOWS Type Settle Date Selection Method Withdrawals 9/20 Misc Disbursement Description WRITE OFF SWISS FRANC (ID: OCHFPR-AA-4) Amount USD Local Value (0.01) Currency Gain/Loss USD Account Page 33 of 34 Consolidated Statement Page 36 EFTA01547110 SOUTHERN FINANCIAL, LLC ACCT. For the Period 9/1/13 to 9/30/13 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related ARGENTINE PESO U S DOLLAR Sep. 18 13 Sep. 23 13 ARS USD (5