EFTA01549127.pdf

THE HAZE TRUST 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 EFTA01549127 EFTA01549128 JPMorgan Chase Bank, N.A. THE HAZE TRUST 270 Park Avenue New York, NY 10017-2014 ACCT. For the Period 6/1/11 to 6/30/11 Asset Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young Gina Swetra Pauline Esposito Online access Banker Investment Specialist Client Service Team Client Service Team Client Service Team www.MorganOnline.com For important information regarding your accounts refer to the rear of your statement 800/634-1318 Table of Contents Account Summary Holdings Equity Cash & Fixed Income Portfolio Activity Page 2 4 5 8 Client News Occasionally, when a security is acquired through an outside broker, it may be transferred to a J.P. Morgan account without an initial purchase cost and date. As a result, we cannot accurately calculate gain/loss for this position. Beginning with July statements, securities missing this cost basis information will display "N/A" instead of "zero" in the Gain/Loss column. To correct this information: Please contact your J.P. Morgan client service representative and provide the adjusted cost and acquisition date for the security in question. 0000024209.15.0.15.00001.HAZET00.20110705 Page 1 of 10 EFTA01549129 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Account Summary Asset Allocation Equity Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 3,023,100.00 16,781,975.39 $19,805,075.39 135,360.58 $19,940,435.97 Ending Market Value 2,999,700.00 16,571,589.76 $19,571,289.76 142,802.89 $19,714,092.65 Current Portfolio Activity Beginning Market Value Contributions Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals $0.00 90,915.58 (324,701.21) $19,571,289.76 142,802.89 $19,714,092.65 Period Value 19,805,075.39 Change In Value (23,400.00) (210,385.63) ($233,785.63) 7,442.31 ($226,343.32) Year-to-Date Value 0.00 EFTA01549130 20,000,000.00 $20,000,000.00 27,128.09 (455,838.33) $19,571,289.76 142,802.89 $19,714,092.65 Estimated Current Annual Income Allocation 15% 1,188,532.40 $1,188,532.40 85% 100% Equity Cash & Fixed Income Asset Allocation Page 2 of 10 EFTA01549131 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Account Summary Tax Summary Domestic Dividends/Distributions Interest Income Accrued Interest Current Year Taxable Income Cash Receipts Other Income & Receipts Cost Summary Equity Cash & Fixed Income Total CONTINUED Current Period Value 30,915.58 57,000.00 $87,915.58 3,000.00 $3,000.00 Year-to-Date Value 152,790.58 57,000.00 (185,662.49) $24,128.09 3,000.00 $3,000.00 17,147,648.92 Cost 3,000,000.00 $20,147,648.92 Unrealized Gain/Loss To-Date Value ($576,359.16) Page 3 of 10 EFTA01549132 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Equity Summary Asset Categories Concentrated & Other Equity Beginning Market Value 3,023,100.00 Ending Market Value 2,999,700.00 Change In Value (23,400.00) Current Allocation 15% Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Equity Detail Price Concentrated & Other Equity 3PM CONT BUFF EQ CVX 05/31/12 80% CONTIN BARRIER- 10.6%CPN 20% CAP INITIAL LEVEL-05/13/11 CVX:102.39 48125X-RN-8 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Period Value 2,999,700.00 3,000,000.00 (300.00) 99.99 3,000,000.000 2,999,700.00 3,000,000.00 (300.00) Page 4 of 10 EFTA01549133 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Cash & Fixed Income Summary Beginning Asset Categories Cash US Fixed Income Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1-5 years, 5-10 years, 10+ years, Total Value 1 Market Value 203,152.51 16,578,822.88 $16,781,975.39 Ending Market Value 263,152.51 16,308,437.25 $16,571,589.76 Current Period Value 16,571,589.76 17,147,648.92 (576,059.16) 1,188,532.40 142,802.89 6.86% SUMMARY BY TYPE Market Value 5,168,697.76 1,296,192.00 3,751,500.00 6,355,200.00 $16,571,589.76 % of Bond Portfolio EFTA01549134 31% 7% 22% 40% 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 Corporate Bonds Mutual Funds Total Value Market Value 263,152.51 11,402,892.00 4,905,545.25 $16,571,589.76 % of Bond Portfolio 1% 70% 29% 100% US Fixed Income Change In Value 60,000.00 (270,385.63) ($210,385.63) Current Allocation 1% 84% 85% Cash Asset Categories Cash & Fixed Income as a percentage of your portfolio 85 % Page 5 of 10 EFTA01549135 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Cash & Fixed Income Detail Price Cash JPM TAX FREE RESV SWEEP FD US Fixed Income JPM HIGH YIELD FD - SEL FORD MOTOR CREDIT CO LLC 4812C0-80-3 108.02 SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 BB- /BA2 PEABODY ENERGY CORP SR NOTES 7 3/8% NOV 1 2016 DTD 10/12/2006 704549-AE-4 BB+ /BA1 SPRINT NEXTEL CORP 6% DEC 1 2016 DTD 11/20/2006 852061-AD-2 BB- /B1 CIT GROUP INC 7% MAY 01 2017 DTD 11/04/2009 125581-FX-1 B+ /B2 JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 DTD 04/23/2008 46625H-HA-1 BBB /BAA Page 6 of 10 107.41 3,000,000.00 3,222,270.00 3,329,400.00 (107,130.00) 237,000.00 40,158.00 7.32% 99.75 1,200,000.00 1,197,000.00 1,219,500.00 (22,500.00) 84,000.00 4,899.60 7.05% 113.00 1,200,000.00 1,356,000.00 1,363,500.00 EFTA01549136 (7,500.00) 88,500.00 14,749.20 99.88 1,200,000.00 1,198,500.00 1,223,760.00 (25,260.00) 72,000.00 6,000.00 4.60% 1,200,000.00 1,296,192.00 1,327,800.00 (31,608.00) 8.20 598,237.23 4,905,545.25 5,030,915.58 (125,370.33) 379,282.40 28,117.15 84,000.00 17,732.40 7.73% 4.66% 1.00 263,152.51 263,152.51 263,152.51 3.54 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 6.03% EFTA01549137 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Price US Fixed Income BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 Total US Fixed Income $16,308,437.25 $16,884,496.41 ($576,059.16) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 104.43 3,000,000.00 3,132,930.00 3,389,620.83 (256,690.83) 243,750.00 31,143.00 $1,188,532.40 $142,799.35 7.76% 6.98% Page 7 of 10 EFTA01549138 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary Beginning Cash Balance Transactions INFLOWS Income Contributions Total Inflows SWEEP ACCOUNT ACTIVITY Sweep Account Sales Sweep Account Purchases Total Sweep Account Activity TRADE ACTIVITY Total Trade Activity Settled Securities Purchased Ending Cash Balance * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position (60,000.00) ($60,000.00) (30,915.58) ($30,915.58) $0.00 Current Period Value 0.00 90,915.58 $90,915.58 Year-To-Date Value* -27,128.09 20,000,000.00 $20,027,128.09 14,918,722.49 (15,181,875.00) ($263,152.51) (19,763,975.58) ($19,763,975.58) -Current Cost Adjustments Cost Adjustments Total Cost Adjustments Period Value $0.00 Year-To-Date Value* 120,520.83 $120,520.83 EFTA01549139 Page 8 of 10 EFTA01549140 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 6/1 6/1 6/10 6/15 Corporate Interest Div Domest Corporate Interest Cash Receipt Description SPRINT NEXTEL CORP 6% DEC 1 2016 DTD 11/20/2006 (ID: 852061-AD-2) 3PM HIGH YIELD FD - SEL @ 0.052 PER SHARE (ID: 4812C0-80-3) CIT GROUP INC 7% MAY 01 2017 DTD 12/10/2009 ELECTED BONDS - EXP 6/13/2011 (ID: 125CON-9X-7) CIT GROUP INC 7% MAY 01 2017 DTD 12/10/2009 ELECTED BONDS - EXP 6/13/2011 CONSENT PAYMENT - HOLDERS RECEIVE $2.50 PER 1000 PRINCIPAL AMOUNT ELECTED TO CONSENT OF CIT GROUP CUSIP 125581FX1 (ID: 125CON-9X-7) Total Income Type Settle Date Selection Method Miscellaneous Credits 6/15 6/15 Name Change Name Change Total Miscellaneous Credits Description CIT GROUP INC 7% MAY 01 2017 DTD 12/10/2009 ELECTED BONDS - EXP 6/13/2011 TO REDESCRIPTION (ID: 125CON-9X-7) CIT GROUP INC 7% MAY 01 2017 DTD 11/04/2009 FROM REDESCRIPTION (ID: 125581-FX-1) 1,200,000.000 1,219,500.00 $0.00 Page 9 of 10 Quantity Cost (1,200,000.000 ) (1,219,500.00) $90,915.58 EFTA01549141 Quantity Cost 1,200,000.000 594,530.321 1,200,000.000 1,200,000.000 Per Unit Amount 0.03 0.052 0.018 0.003 Amount 36,000.00 30,915.58 21,000.00 3,000.00 Amount EFTA01549142 THE HAZE TRUST ACCT. For the Period 6/1/11 to 6/30/11 SWEEP ACCOUNT ACTIVITY Type Settle Date Selection Method Sweep Account Purchases Net Sweep 6/30 TRADE ACTIVITY Trade Date Settle Date Type Settled Securities Purchased 6/1 Purchase 6/1 Description 3PM HIGH YIELD FD - SEL REINVESTED @ 8.34 PER SHARE (ID: 4812C0-80-3) Quantity 3,706.904 Description 3PM TAX FREE RESV SWEEP FD (ID: 628266-92-6) Quantity 60,000.000 Amount (60,000.00) Per Unit Amount 8.34 Market Cost (30,915.58) Page 10 of 10 EFTA01549143 For the Period 6/1/11 to 6/30/11 IMPORTANT INFORMATION ABOUT YOUR STATEMENT(S) Please take the steps indicated below if you think statements are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at 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 the Bank 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 JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC. In case of other errors or questions about your statement. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement. 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 EFTA01549144 activity and account balance(s) are correct. Important Information about Pricing and Valuations 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 or other sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents 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 or securities could be liquidated. Such values may only be indicative. 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. 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 assets may have been provided to us by third parties who 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. Disclosures Page 1 of 3 EFTA01549145 For the Period 6/1/11 to 6/30/11 Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. 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. 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. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which however should not be relied on as the price at which ARS would trade. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteed by any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so. The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of the JPMCB. JPMCB and its affiliates receive compensation from JPMorgan Funds for providing services. American Century Investment Services, Inc. is the distributor of the American Century Funds. American Century Investment Management Inc. serves as investment advisor to its respective fund family and receives compensation from that fund family for providing investment advisory and other services. Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please EFTA01549146 consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. 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, or gain/Loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Offshore Deposits - London and Nassau 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). 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. Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, the Private Bank of J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. Additional Information About Your Accounts Disclosures Page 2 of 3 EFTA01549147 For the Period 6/1/11 to 6/30/11 Securities purchased or sold through J.P.Morgan Securities LLC ("JPMS") (1) other than mutual funds, are cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of JPMS, and (2) other than exchange-listed options and securities held in margin account(s), are held in your Asset Account at JPMCB. Positions in exchange-listed options and in margin account(s) are held by JPMCC and are not delivered to or from your Asset Account. 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). 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 to you. Upon written request, JPMS will promptly supply you with the latest such information. 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 JPMS and JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 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. 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. JPMS, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. 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 EFTA01549148 request. Bank products and services are offered through JPMCB and its banking affiliates. Securities are offered by JPMS and, to the extent noted above, cleared through JPMCC. 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. JPMS is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMorgan Chase Bank, N.A. ("JPMCB"). Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Disclosures Page 3 of 3 EFTA01549149 EFTA01549150