EFTA01405524.pdf

THE HAZE TRUST UAD 02/09/99 Account Number: N4G-024943 Statement Period: 12/01/2014 - 12/31/2014 JEFFREY EPSTEIN & DARREN K INDYKE TTEES 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Valuation at a Glance Beginning Account Value Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Total Taxes Withheld Net Change in Portfolio Your Client Advisor: DANIEL SABBA Commission Amount: $16,740.00 Ending Account Value Estimated Annual Income This Period $62,350,592.99 0.00 62,350,592.99 24,446.42 0.00 -72,363.20 $62,302,676.21 $1,141,295.52 Year-to-Date $22,994,662.95 38,493,547.84 61,488,210.79 946,905.76 4.40 -132,444.74 $62,302,676.21 Asset Allocation USD Cash, Money Funds, and Bank Deposits USD Fixed Income USD Equities Account Total (Pie Chart) Prior Year-End 7,589,036.35 15,405,626.60 0.00 $22,994,662.95 Last Period 43,913,182.65 11,434,280.34 EFTA01405524 7,003,130.00 $62,350,592.99 See the Asset Allocation Disclosure and Footnotes section for important information regarding your Asset Allocation. 43,922,655.69 11,400,200.52 6,979,820.00 $62,302,676.21 This Period % Allocation 70.50% 18.30% 11.20% 100.00% Please review your allocation. Page 1 of 15 60100578CSF30023 EFTA01405525 Asset Allocation Disclosure and Footnotes Fixed Income contains Fixed Income Mutual Funds. Summary of Gains and Losses Short-Term Gain/Loss Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. For Your Information On June 5, 2014, the European Central Bank (the "ECB") introduced "negative interest rates". This negative interest rate applied to all deposits held at the ECB and other credit institutions. Effective February 1, 2015, the negative interest expense on any euro deposits will be charged to your account. The initial interest charge will be -.20% (20 basis points), and will reflect on your account statement as "Free Credit Balance Interest Charge". The interest will be reported on your Forms 1099 and/or 1042-S for tax year 2015. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Money Market Fund Detail Date Activity Type Sweep Money Market Fund DWS GOVERNMENT CASH INSTL Account Number: 0000001492 Current Yield: 0.03% Activity Ending: 12/31/14 11/29/14 12/30/14 12/31/14 12/31/14 Opening Balance Deposit Deposit Closing Balance Total All Money Market Funds Income and Expense Summary Dividend Income Equities Money Market Other Dividends Current Period Taxable 0.00 1,119.01 17,591.35 Year-to-Date Non Taxable 0.00 0.00 0.00 EFTA01405526 Taxable 101,836.05 4,534.22 593,971.58 Non Taxable 0.00 0.00 0.00 MONEY FUND PURCHASE INCOME REINVEST 43,913,182.65 8,354.03 1,119.01 43,913,182.65 43,921,536.68 43,922,655.69 $43,922,655.69 $43,922,655.69 Description Amount Balance Realized This Period 0.00 73.87 73.87 Year-to-Date -646.09 2,095.36 1,449.27 Unrealized 126,417.63 -384,213.17 -257,795.54 Page 2 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405527 Statement Period: 12/01/2014 - 12/31/2014 Income and Expense Summary (continued) Interest Income Bond Interest FDIC Insured Bank Deposits Total Dividends, Interest, Income and Expenses Distributions Other Distributions Total Distributions Portfolio Holdings Opening Date DWS GOVERNMENT CASH INSTL 11/29/14 Total Money Market FDIC Insured Bank Deposits INSURED DEPOSITS PROGRAM 11/29/14 Total FDIC Insured Bank Deposits Total Cash, Money Funds, and Bank Deposits N4G024943 12/31/14 Current Period Taxable 5,736.06 0.00 $24,446.42 0.00 $0.00 Year-to-Date Non Taxable 0.00 0.00 $0.00 2,617.97 $2,617.97 Taxable 245,681.66 882.25 $946,905.76 0.00 $0.00 Non Taxable 0.00 0.00 $0.00 30,081.73 $30,081.73 Quantity Account Number Activity EFTA01405528 Ending Cash, Money Funds, and Bank Deposits 71.00% of Portfolio Money Market 43,922,655.690 0000001492 12/31/14 43,913,182.65 $43,913,182.65 0.00 $0.00 $43,913,182.65 43,922,655.69 $43,922,655.69 0.00 $0.00 $43,922,655.69 0.00 $0.00 0.00 $0.00 $0.00 4,534.22 $4,534.22 882.25 $882.25 $5,416.47 N/A N/A 0.03% 0.03% Opening Balance Closing Balance Accrued Income Income This Year 30-Day Yield Current Yield Page 3 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405529 Portfolio Holdings (continued) Date Acquired Quantity GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL B1 VAR 5.752% 06/25/35 B/E DTD 05/01/05 S & P Rating B+ Factor: 0.79603595 Effective Date:12/01/14 Current Face Value: 1,194,053.925 12/13/13 *,3,12 1,500,000.000 Total Asset Backed Securities 1,500,000.000 Total Current Face Value : 1,194,053.925 Corporate Bonds PEABODY ENERGY CORP SR NT 7.375% 11/01/16 B/E DTD 10/12/06 MULTIPLE GUARANTORS 1ST CPN DTE 05/01/07 Moody Rating BA3 S & P Rating BB05/10/11 *,12,13 1,200,000.000 Security Identifier: 704549AE4 Unit Cost Adjusted Cost Basis Fixed Income 15.00% of Portfolio (In Maturity Date Sequence) 6Asset Backed Securities Security Identifier: 36242D7X5 Market Price Market Value Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated 97.1780 1,160,355.99 97.0240 1,158,518.88 Original Cost Basis: $1,189,588.80 $1,160,355.99 $1,158,518.88 -1,837.11 -$1,837.11 5,723.51 $5,723.51 $0.00 104.9590 IPAYMENT INC GTD SR NT EFTA01405530 10.250% 05/15/18 B/E DTD 11/15/11 CALLABLE 05/15/15 @ 105.125 Moody Rating CAA3 S & P Rating CCC 10/02/12 *,12,13 500,000.000 92.4590 JPMORGAN CHASE & CO DEP SHS REPSTG 1/10TH PFD SER 1 FIXED TO FLTG RT BD 7.900% 04/29/49 B/E DTD 04/23/08 Moody Rating BA1 S & P Rating BBB05/10/11 *,12,13 3,000,000.000 111.2650 BANK AMER CORP PERP NON COMULATIVE DEP SHS FIXED TO FLOAT 8.125% 04/30/58 B/E DTD 04/30/08 CALLABLE 05/15/18 Moody Rating BA3 S & P Rating BB 05/10/11 *,12,13 3,000,000.000 112.9870 1,259,504.58 102.7500 1,233,000.00 Original Cost Basis: $1,363,500.00 Security Identifier: 46262EAE5 462,295.37 89.0000 Original Cost Basis: $445,000.00 Security Identifier: 46625HHA1 3,337,958.33 107.6300 Original Cost Basis: $3,337,958.33 Security Identifier: 060505DT8 3,389,620.83 107.8750 3,236,250.00 -153,370.83 31,145.83 243,750.00 7.53% 3,228,900.00 -109,058.33 39,500.00 237,000.00 7.33% 445,000.00 -17,295.37 6,548.61 51,250.00 11.51% -26,504.58 14,750.00 EFTA01405531 88,500.00 7.17% Page 4 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405532 Statement Period: 12/01/2014 - 12/31/2014 Portfolio Holdings (continued) Date Acquired Quantity Fixed Income (continued) Corporate Bonds (continued) BANK AMER CORP PERP NON COMULATIVE DEP (continued) Total Corporate Bonds 7,700,000.000 Total Fixed Income 9,200,000.000 Date Acquired Quantity Equities 11.00% of Portfolio Preferred Stocks (Listed by expiration date) CITIGROUP INC DEP SHS REPSTG 1/1000TH PFD SER K DIV 6.875% PERPETUAL MATY PERPETUAL CALL 11/15/[email protected] Dividend Option: Cash 02/03/14 79,000.000 CITIGROUP INC DEP SHS REPSTG 1/1000 PFD SER C DIV 5.8% PERPETUAL MATY PERPETUAL CALL 04/22/[email protected] Dividend Option: Cash 10/28/14 10/29/14 Total Covered Total Total Preferred Stocks Total Equities 25.3090 Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Estimated Annual Income Estimated Yield $9,609,735.10 $9,301,668.88 -$308,066.22 $97,667.95 $620,500.00 Original Cost Basis: $3,389,620.83 $8,449,379.11 $8,143,150.00 -$306,229.11 EFTA01405533 $91,944.44 $620,500.00 Unit Cost Adjusted Cost Basis Market Price Market Value Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated Security Identifier: C PRK CUSIP: 172967341 1,999,418.90 26.5800 Security Identifier: C PRC CUSIP: 172967366 49,033.000 150,967.000 200,000.000 200,000.000 24.0810 24.3130 1,180,739.16 3,670,430.48 4,851,169.64 $4,851,169.64 $6,850,588.54 $6,850,588.54 24.4000 24.4000 1,196,405.20 3,683,594.80 4,880,000.00 $4,880,000.00 $6,979,820.00 $6,979,820.00 15,666.04 13,164.32 28,830.36 $28,830.36 $129,231.46 $129,231.46 71,097.85 218,902.15 290,000.00 $290,000.00 EFTA01405534 $425,781.25 $425,781.25 5.94% 5.94% 2,099,820.00 100,401.10 135,781.25 6.46% Page 5 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405535 Portfolio Holdings (continued) Date Acquired Quantity Mutual Funds 3.00% of Portfolio JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES Open End Fund Dividend Option: Reinvest; Capital Gains Option: Reinvest 01/22/13 *,3 02/01/13 *,3 03/01/13 *,3 04/01/13 *,3 05/01/13 *,3 06/03/13 *,3 07/01/13 *,3 08/01/13 *,3 09/03/13 *,3 10/01/13 *,3 198,216.056 630.057 711.578 789.547 751.550 757.360 668.131 704.609 709.175 712.100 Total Noncovered Reinvestments to Date Total Covered Total Total Mutual Funds Total Portfolio Holdings Footnotes * Noncovered under the cost basis rules as defined below. Securities acquired before 2011 are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered " noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, EFTA01405536 as follows: • Stock in a corporation acquired on or after January 1, 2011 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012 • Other securities, principally debt securities and options, acquired on or after January 1, 2014, or later, as determined by the Secretary of the Treasury. Cost Basis on fixed income securities is adjusted for amortization, accretion or principal paydowns. The method of calculation is based upon the type of fixed income security and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the portfolio system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving continuously callable bonds, foreign bonds, variable rates, bonds in default, index-linked bonds, bonds sold short or bonds that have a negative yield. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. Page 6 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST 204,650.163 11,248.154 11,248.154 215,898.317 10.0900 10.0670 10.0600 10.1100 10.1300 10.0900 9.9700 10.0600 10.0300 10.0240 10.0240 Security Identifier: JPHSX CUSIP: 48121L510 2,000,000.00 6,342.92 7,158.48 7,982.33 7,613.21 7,641.77 6,661.27 7,088.37 7,113.03 7,137.85 EFTA01405537 2,064,739.23 112,753.19 112,753.19 $2,177,492.42 $2,177,492.42 Cost Basis $62,560,471.75 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 9.7200 1,926,660.07 6,124.14 6,916.53 7,674.39 7,305.07 7,361.54 6,494.24 6,848.81 6,893.17 6,921.61 1,989,199.57 109,332.07 109,332.07 $2,098,531.64 $2,098,531.64 Market Value $62,302,676.21 -73,339.93 -218.78 -241.95 -307.94 -308.14 -280.23 -167.03 -239.56 -219.86 -216.24 -75,539.66 -3,421.12 -3,421.12 -$78,960.78 -$78,960.78 Unrealized EFTA01405538 Gain/Loss -$257,795.54 Accrued Interest $97,667.95 82,259.66 261.47 295.30 327.66 311.89 314.30 277.27 292.41 294.31 295.52 84,929.79 4,668.01 4,668.01 $89,597.80 $89,597.80 Estimated Annual Income $1,141,295.52 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% 4.26% Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated EFTA01405539 Statement Period: 12/01/2014 - 12/31/2014 Portfolio Holdings (continued) 3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information. 6 The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face amount of the security. Factors may change over time and are obtained from sources we believe to be reliable. 12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. 13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. Schedule of Realized Gains and Losses Current Period Description Disposition Date Long Term 12/26/14 Acquisition Date 12/13/13 * Disposition Transaction RPP Total Long Term Total Short Term and Long Term * Noncovered under the cost basis rules as defined below. Securities acquired before 2011 are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • • • Stock in a corporation acquired on or after January 1, 2011 Mutual funds and dividend reinvestment plan (DRP) shares acquired on or EFTA01405540 after January 1, 2012 Other securities, principally debt securities and options, acquired on or after January 1, 2014, or later, as determined by the Secretary of the Treasury. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. Page 7 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST GS MTG SECS CORP 200 ASSTHRU CTF CL B1 VAR 5.752% 06/25/35 B/E DTD 05/01/05 Security Identifier: 36242D7X5 Original Cost Basis: 2,544.09 Quantity 1,500,000.000 Cost Basis Proceeds 2,544.09 $2,544.09 $2,544.09 2,617.96 $2,617.96 $2,617.96 Realized Gain/Loss/ Disallowance 73.87 $73.87 $73.87 EFTA01405541 Schedule of Realized Gains and Losses Current Period (continued) When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Cost Basis on fixed income securities is adjusted for amortization, accretion or principal paydowns. The method of calculation is based upon the type of fixed income security and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the portfolio system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving continuously callable bonds, foreign bonds, variable rates, bonds in default, index-linked bonds, bonds sold short or bonds that have a negative yield. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. Messages Federal Deposit Insurance Corporation (FDIC)-Insured Bank Deposits are not protected by Securities Investor Protection Corporation.(SIPC). For disclosure of rates for DWS money market funds, please visit the DWS Investments website at https://www.dws-investments.com/EN/products/money- market-funds-yields.jsp. Please note that all money market funds listed on the website may not be offered through us. Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Please note the following information for Pershing's 2014 IRS Forms 1099 (B, DIV, INT, OID and MISC): Your form 1099 will be delivered as early as possible, beginning January 31, 2015. By February 17, you EFTA01405542 will receive either your 1099 form or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if issuers of securities you hold have not yet provided their final tax information. It will inform you of the securities that are pending final reporting, and will provide the anticipated mail date of your 1099 form. Your 1099 will be mailed no later than March 16, 2015. Pershing's Impartial Lottery Process: Partial Calls Information about Pershing's impartial lottery process can be found on pershing.com/business_continuity. You may also request a printed copy of this information by calling (888) 367-2563, option 3 then option 5. When a security is subject to a partial redemption, pursuant to FINRA Rule 4340, Pershing must have procedures in place that are designed to treat clients fairly in accordance with an impartial lottery process. When an issuer initiates a partial call of securities, the depository holding such securities (typically, the Depository Trust Clearing and Corporation, or DTCC) conducts an impartial, computerized lottery using an incremental random number technique to determine the allocation of called securities to participants for which it holds securities on deposit (including Pershing). Because DTC's lottery is random and impartial, participants may or may not receive an allocation of securities selected for redemption. When Pershing is notified that it received an allocation of called securities, Pershing conducts a similar, computer-generated random lottery. The lottery determines the accounts that will be selected and the number of securities in the account that will be redeemed. Allocations are based on the number of trading units held in the account. The probability of any trading unit held by an account being selected as called in a partial call is proportional to the total number of trading units held through Pershing. Once the lottery is complete, Pershing notifies introducing broker-dealers whose introduced accounts have received an allocation. Securities registered in the client's name, either in transit or held in custody, are excluded from the Pershing lottery process. Pershing initiates the lottery process by identifying the accounts holding the called security, the total par value of the called securities held, and the trading unit of the security. Example (unit of trade = $25,000): Page 8 of 15 80100578CSF30023 Account Number: N46-024943 THE HAZE TRUST EFTA01405543 Statement Period: 12/01/2014 - 12/31/2014 Messages (continued) Client Account ABC-123234 DEF-325465 EDR-567433 EGT-876574 EGT-888345 FRT-435234 FRT-658797 In brief, the allocation process involves the following steps: * The number of trading units held in each account is identified. * A sequential number is assigned to each trading unit (e.g., account EDR-567433 would be assigned six numbers). * A random number is generated that will result in one of these trading units being the first unit in the selection process. * Thereafter, the trading units participating in the allocation are based on an incremental random number technique until the number of trading units allocated to Pershing is exhausted. Additional Information * The allocation of called securities is not made on a pro-rata basis. Therefore, it is possible that a client may receive a full or partial redemption of shares held. Conversely, it is also possible that a client may not have any securities selected for redemption at all. * When a partial call is deemed favorable to the holders of the called security, Pershing will exclude certain accounts from the lottery. Excluded accounts will include Pershing's proprietary and employee accounts, as well as proprietary and employee accounts of introducing broker- dealers (if Pershing carries and clears those accounts). No allocation will be made to these proprietary and employee accounts until all other client positions at Pershing in such securities have been called. When a partial call is deemed unfavorable to holders of the called security, Pershing will not exclude any accounts from the lottery. * If the partial call is made at a price above the current market price as captured in Pershingo's price reporting system, Pershing will generally categorize the partial call as one that is favorable to the holders of Page 9 of 15 80100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST Par Value $100,000 $75,000 $150,000 $50,000 $25,000 $25,000 $75,000 Number of Trading Units EFTA01405544 4 3 6 2 1 1 3 EFTA01405545 Messages (continued) such security. If the partial call is made at a price that is equal to or below the current market price of the security as captured in Pershing's price reporting system, Pershing will generally categorize that call as one that is unfavorable to holders of the security. * Clients have the right to withdraw uncalled, fully paid securities from Pershing at any time prior to the cutoff date and time established by the issuer, transfer agent and/or depository with respect to the partial call. 6Clients also have the right to withdraw excess margin securities, provided that the client account is not subject to restriction under Regulation T or that such withdrawal will not cause an under-margined condition. u Activity Summary (All amounts shown are in base currency) Credits Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Taxes Withheld Cash Deposits Total Cash FDIC Insured Bank Deposits Money Market Funds Total Credits Transactions by Type of Activity Process/ Settlement Date Activity Type Securities Bought and Sold 12/01/14 12/31/14 REINVEST CASH INCOME JPHSX REINVEST CASH INCOME JPHSX Total Securities Bought and Sold UNITED STATES DOLLAR 0.00 0.00 $0.00 $24,446.42 $2,617.97 $0.00 0.00 $0.00 $0.00 $0.00 EFTA01405546 $27,064.39 0.00 2,760,359.19 $2,760,359.19 $946,905.76 $1,099,337.08 $4.40 38,493,547.84 $38,493,547.84 $10,381,873.66 $4,688,419.64 $58,370,447.57 This Period Year-to-Date Debits This Period Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Taxes Withheld Cash Deposits Total Cash FDIC Insured Bank Deposits Money Market Funds Total Debits -17,591.35 0.00 -$17,591.35 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 -$9,473.04 -$27,064.39 -6,963,810.12 0.00 -$6,963,810.12 $0.00 -$2,724.81 $0.00 0.00 $0.00 -$2,792,837.31 -$48,611,075.33 -$58,370,447.57 EFTA01405547 Year-to-Date Description Quantity JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 214103.1620 SHRS SHRS PURCH. AT $9.92000 RD 11/26 PD 12/01/14 JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 214815.4000 SHRS SHRS PURCH. AT $9.72000 RD 12/29 PD 12/31/14 712.238 1,082.917 0.00 Price Accrued Interest Amount Currency -7,065.40 USD -10,525.95 USD -17,591.35 Page 10 of 15 60100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405548 Statement Period: 12/01/2014 - 12/31/2014 Transactions by Type of Activity (continued) Process/ Settlement Date Activity Type Dividends and Interest 12/01/14 12/29/14 12/31/14 12/31/14 Distributions 12/29/14 CASH DIVIDEND RECEIVED JPHSX BOND INTEREST RECEIVED 36242D7X5 MONEY MARKET FUND INCOME RECEIVED 233993682 CASH DIVIDEND RECEIVED JPHSX Total Dividends and Interest - UNITED STATES DOLLAR RETURN OF PRINCIPAL RECEIVED 36242D7X5 Total Distributions - UNITED STATES DOLLAR Money Market Funds 12/30/14 12/31/14 MONEY FUND PURCHASE USD999997 MONEY MARKET FUND REINVESTMENT 233993682 Total Money Market Funds - UNITED STATES DOLLAR Total Value of Transactions The price and quantity displayed may have been rounded. DWS GOVT CASH INSTL DWS GOVT CASH INSTL INCOME REINVESTED 0 00 0 00 1500000 GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL 81 VAR 5.752% 06/25/35 B/E DTD 05/01/05 RD 11/28 PD 12/25/14 0.00 Description JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 214103.1620 SHRS RD 11/26 PD 12/01/14 1500000 GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL 81 VAR 5.752% 06/25/35 B/E DTD 05/01/05 RD 11/28 PD EFTA01405549 12/25/14 DWS GOVT CASH INSTL JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 214815.4000 SHRS RD 12/29 PD 12/31/14 0.00 Quantity Price Accrued Interest Amount Currency 7,065.40 USD 5,736.06 USD 1,119.01 USD 10,525.95 USD 24,446.42 2,617.97 USD 2,617.97 -8,354.03 USD -1,119.01 USD -9,473.04 0.00 USD Page 11 of 15 60100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405550 Bond Maturity Schedule Bond Maturity 1 to 5 years Over 10 years Total Market Value 1,678,000.00 7,623,668.88 % of Bond Market Value 18% 82% 9,301,668.88 100% Percentages of bond market values are rounded to the nearest whole percentage. Bond Quality Bond Quality BA/Lower Total Market Value 9,301,668.88 9,301,668.88 You are 100% invested in bonds with a bond quality of BA/Lower. Client Service Information Your Client Advisor: DAN DANIEL SABBA 345 PARK AVENUE, 26TH FLOOR NEW YORK NY 10154 Your Account Information Tax Lot Default Disposition Method Default Method for Mutual Funds: FIRST IN FIRST OUT Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT Default Method for all Other Securities: FIRST IN FIRST OUT Bond Amortization Elections: Treat all interest as original issue discount (OID): No Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Ratable Method Include market discount in income annually: No Electronic Delivery You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Client Advisor for more information. Important Information and Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is EFTA01405551 not available are marked "N/A" and are omitted from the Total. THE AS OF PRICE DATE ONLY APPEARS WHEN THE PRICE DATE DOES NOT EQUAL THE STATEMENT DATE. Page 12 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST % of Bond Market Value 100% 100% Percentages of bond market values are rounded to the nearest whole percentage. EFTA01405552 Statement Period: 12/01/2014 - 12/31/2014 Important Information and Disclosures (continued) Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/business_continuity.html for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow. Options Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Foreign Currency Transactions Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. EFTA01405553 dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Ratings This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard & Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities; and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. Bond Maturity Schedule Bonds that are in default are not included. Bond Quality Bond quality ratings reflect Moody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. Page 13 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405554 Important Information and Disclosures (continued) The Role of Pershing Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. • • • • • Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, where applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. Pershing is a member of the Securities Investor Protection Corporation (SIPC® ). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/strength_stability.html. EFTA01405555 This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted. Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. • • • The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC, Legal EFTA01405556 Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Page 14 of 15 60100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405557 Page 15 of 15 B0100578CSF30023 Account Number: N4G-024943 THE HAZE TRUST EFTA01405558