EFTA01547159.pdf

SOUTHERN FINANCIAL, LLC 6100 RED HOOK QUARTER B3 ST THOMAS 00802 VIRGIN ISLANDS (U.S.) EFTA01547159 EFTA01547160 For the Period 10/1/13 to 10/31/13 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 33,389,482.66 0.00 62,992,867.81 0.00 $96,382,350.47 Ending Net Market Value 34,463,099.80 0.00 8,331.02 0.00 $34,471,430.82 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 EFTA01547161 In Value 1,073,617.14 0.00 (62,984,536.79) 0.00 ($61,910,919.65 ) Start on Page 4 34 35 51 Client News If you plan to make gifts of securities this year, please notify your Client Service Representative before December 1, 2013. This will allow us to process your request before year-end and meet the deadline for tax filing purposes. 0000007657.15.0.15.00001.SOUTHAH.20131104 Consolidated Statement Page 1 EFTA01547162 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01547163 For the Period 10/1/13 to 10/31/13 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning 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 Ending Market Value 7,597,418.19 1,648,916.88 24,978,933.42 $34,225,268.49 246,162.33 $34,471,430.82 Change In Value (38,293,566.76) (143,556.14) (22,967,948.59) ($61,405,071.49 ) (505,848.16) ($61,910,919.65 ) Estimated Current Annual Income Allocation 22% 5% 840,650.55 $840,650.55 73% 100% Equity Cash & Fixed Income Alternative Assets Asset Allocation Current Portfolio Activity EFTA01547164 Beginning Market Value Net Contributions/Withdrawals Income & Distributions Change in Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 95,630,339.98 (63,323,500.02) 1,549,579.71 368,848.82 $34,225,268.49 246,162.33 $34,471,430.82 Year-to-Date Value 0.00 26,992,825.80 3,117,404.56 4,115,038.13 $34,225,268.49 246,162.33 $34,471,430.82 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 EFTA01547165 For the Period 10/1/13 to 10/31/13 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 29,706,372.27 (2,713,546.47) $26,992,825.80 Income 2,540,930.42 79,107.41 $2,620,037.83 '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 2,540,930.42 576,474.14 $3,117,404.56 Change in Investment Value 1,969,636.96 2,145,401.17 $4,115,038.13 Realized Gain/Loss EFTA01547166 Short-term 883,059.60 1,902.00 $884,961.60 ($202,851.68) $313,920.72 Long-term (202,851.68) Ending Market Value with Accruals 34,463,099.80 8,331.02 $34,471,430.82 Unrealized Gain/Loss, 313,920.72 CONTINUED Consolidated Statement Page 3 EFTA01547167 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 8 10 14 Account Page 1 of 30 Consolidated Statement Page 4 EFTA01547168 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning 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 Ending Market Value 7,597,418.19 1,648,916.88 24,970,604.58 $34,216,939.65 246,160.15 $34,463,099.80 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 Period Value 33,077,709.50 514,971.98 (6,580.00) (888,972.00) ($380,580.02) 1,491,379.34 28,430.83 $34,216,939.65 246,160.15 $34,463,099.80 Change EFTA01547169 In Value 400,737.92 (143,556.14) 882,048.37 $1,139,230.15 (65,613.01) $1,073,617.14 Equity Year-to-Date Value 0.00 15,877,678.00 (437,010.13) 53,240,793.69 (38,975,089.29) $29,706,372.27 2,540,930.42 1,969,636.96 $34,216,939.65 246,160.15 $34,463,099.80 Estimated Current Annual Income Allocation 22% 5% 840,650.55 $840,650.55 73% 100% Alternative Assets Cash & Fixed Income Asset Allocation Account Page 2 of 30 Consolidated Statement Page 5 EFTA01547170 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 4,370.00 1,340,311.31 152,907.88 4,302.08 (10,511.93) $1,491,379.34 Year-to-Date Value 672,065.00 108,750.00 881,608.23 1,021,378.52 38,542.06 (181,413.39) $2,540,930.42 Unrealized Gain/Loss To-Date Value $313,920.72 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 267,203.77 82,226.64 $349,430.41 Year-to-Date Value 883,059.60 (202,851.68) $680,207.92 Cost Summary Equity Cash & Fixed Income Total 24,866,678.74 Cost EFTA01547171 7,036,340.19 $31,903,018.93 Account Page 3 of 30 Consolidated Statement Page 6 EFTA01547172 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Equity Summary Asset Categories US Large Cap Equity Non-US Equity European Large Cap Equity Preferred Stocks Concentrated & Other Equity Unclassified Total Value Market Value/Cost Market Value Cost Unrealized Gain/Loss Beginning Market Value 0.00 3,845,048.36 2,051,200.00 330,412.42 (29,980.51) 1,000,000.00 $7,196,680.27 Ending Market Value 0.00 4,103,852.74 3,138,600.00 354,965.45 0.00 0.00 $7,597,418.19 Current Period Value 7,597,418.19 7,036,340.19 561,078.00 Equity as a percentage of your portfolio - 22 % Change In Value 0.00 258,804.38 1,087,400.00 24,553.03 29,980.51 (1,000,000.00) $400,737.92 12% 9% 1% EFTA01547173 Preferred Stocks Non-US Equity 22% European Large Cap Equity Current Allocation Asset Categories Account Page 4 of 30 Consolidated Statement Page 7 EFTA01547174 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Equity Detail 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 77.73 5,000.000 388,647.06 327,646.17 61,000.89 52.67 6,750.000 355,548.33 319,967.65 35,580.68 28.95 11,300.000 327,145.52 331,777.88 (4,632.36) 36.68 10,500.000 385,132.74 329,196.98 55,935.76 74.15 5,000.000 EFTA01547175 370,735.65 329,132.36 41,603.29 9.00 21,400.000 192,597.62 150,262.96 42,334.66 73.93 4,900.000 362,271.54 339,220.24 23,051.30 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 44.88 8,750.000 392,734.06 337,612.87 55,121.19 Account Page 5 of 30 Consolidated Statement Page 8 EFTA01547176 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Price Non-US Equity INTESA SANPAOLO SPA ISIN IT0000072618 SEDOL 4076836 T1700N-90-1 UR LLOYDS BANKING GROUP PLC ISIN GB0008706128 SEDOL 0870612 G91101-10-8 BP RENAULT SA ISIN FR0000131906/SEDOL 4712798 759994-90-8 UR WORLD DUTY FREE SPA ISIN IT0004954662 SEDOL BDSV5Z5 45545W-91-6 UR Total Non-US Equity $4,103,852.74 $3,696,052.59 $407,800.15 $0.00 0.00% 11.09 21,400.000 237,401.31 183,560.52 53,840.79 87.70 4,000.000 350,805.38 317,870.23 32,935.15 1.25 291,000.000 362,468.44 343,600.28 18,868.16 2.49 152,000.000 378,365.09 386,204.45 (7,839.36) Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield EFTA01547177 European Large Cap Equity HSBC CONT BUFF EQ SX5E 08/29/14 106.43 80% EKO BARRIER- 4%CPN 17% CAP INITIAL LEVEL-05/24/13 SX5E:2764.29 40432X-FP-1 3PM 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 Total European Large Cap Equity $3,138,600.00 $3,000,000.00 Account Page 6 of 30 $138,600.00 $0.00 0.00% Consolidated Statement Page 9 101.00 1,000,000.000 1,010,000.00 1,000,000.00 10,000.00 2,000,000.000 2,128,600.00 2,000,000.00 128,600.00 EFTA01547178 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Price Preferred Stocks VOLKSWAGEN AG PFD ISIN DE0007664039 SEDOL 5497168 928662-92-3 UR Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 253.55 1,400.000 354,965.45 340,287.60 14,677.85 Account Page 7 of 30 Consolidated Statement Page 10 EFTA01547179 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 1,792,473.02 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 1.00 250.000 95,171.84 562,500.00 99.55 2,000,000.000 1,991,000.00 2,000,000.00 Quantity Estimated Value Cost Ending Estimated Value 1,648,916.88 Change In Value (143,556.14) Current Allocation 5% Account Page 8 of 30 Consolidated Statement Page 11 EFTA01547180 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Price Quantity Hard Assets 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 $1,648,916.88 $2,000,000.00 Estimated Value Cost 1.00 (250.000) (437,254.96) (562,500.00) Account Page 9 of 30 Consolidated Statement Page 12 EFTA01547181 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 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 Ending Market Value 9,584,277.22 396,765.26 12,827,062.10 2,162,500.00 0.00 0.00 $24,970,604.58 Current Period Value 24,970,604.58 24,866,678.74 103,925.84 840,650.55 246,160.15 4.46% Cash Change In Value 1,433,248.29 13,441.35 860,809.48 (31,250.00) EFTA01547182 (1,480,911.74) 86,710.99 $882,048.37 73% Current Allocation 28% 1% 38% 6% Non-US Fixed Income Non-USD Cash US Fixed Income Asset Categories Cash & Fixed Income as a percentage of your portfolio 73 % Account Page 10 of 30 Consolidated Statement Page 13 EFTA01547183 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1-5 years' 5-10 years' 10+ years' Total Value 1 Note: 1 SUMMARY BY TYPE Market Value 9,981,042.48 2,162,500.00 1,795,290.00 11,031,772.10 $24,970,604.58 % of Bond Portfolio 39% 8% 7% 46% 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. 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 1.00 9,584,277.22 9,584,277.22 9,584,277.22 958.42 70.76 Non-USD Cash EURO PRINCIPAL CURRENCY 1.36 291,846.67 396,765.26 395,426.33 EFTA01547184 1,338.93 0.01% 1 Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Cash & Fixed Income Cash NON USD Cash International Bonds Mortgage and Asset Backed Bonds Total Value Market Value 9,584,277.22 396,765.26 7,152,790.00 7,836,772.10 $24,970,604.58 % of Bond Portfolio 40% 1% 28% 31% 100% Account Page 11 of 30 Consolidated Statement Page 14 EFTA01547185 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Price US Fixed Income 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 GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 378961-AV-8 B- /CAA 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 IMPAC CMB TRUST 2005-2 CL 1M2 VAR RT 04/25/2035 DTD 03/03/2005 45254N-NC-7 CC /CA 64.97 82.92 1,310,426.81 1,511,007.91 851,410.51 1,252,942.87 1,009,028.64 1,053,928.02 (157,618.13) 199,014.85 6,995.42 581.82 14,022.15 40.79 6.44% 4.44% 94.36 893,188.44 EFTA01547186 842,803.68 893,188.44 (50,384.76) 53,591.30 4,465.94 7.57% 94.16 1,234,236.35 1,162,132.26 1,178,695.71 (16,563.45) 70,968.59 5,913.22 5.99% 76.03 1,017,216.18 773,399.63 750,196.94 23,202.69 16,816.61 91.54 5.51% 94.47 3,127,105.92 2,954,083.15 2,876,937.44 77,145.71 164,173.06 13,681.08 6.44% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 119.69 1,500,000.00 1,795,290.00 1,627,500.00 167,790.00 148,125.00 129,609.00 6.66% Account Page 12 of 30 Consolidated Statement Page 15 EFTA01547187 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Price US Fixed Income 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 $12,827,062.10 $12,636,975.19 $190,086.91 $714,692.13 $245,049.39 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 6.51% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 106.50 3,000,000.00 3,195,000.00 3,247,500.00 (52,500.00) 240,000.00 90,666.00 7.48% 86.50 2,500,000.00 2,162,500.00 2,250,000.00 (87,500.00) 125,000.00 1,040.00 12.89% Account Page 13 of 30 Consolidated Statement Page 16 EFTA01547188 EFTA01547189 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 4,516,928.17 (6,014,361.44) ($1,497,433.27) $9,584,277.22 * 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 48,203,973.07 (53,397,265.36) ($5,193,292.29) -Period Value 9,092,533.00 146,765.95 514,971.98 1,334,019.56 $1,995,757.49 (6,580.00) ($6,580.00) Year-To-Date Value* -1,596,332.02 14,742,310.24 7,852,682.73 $24,191,324.99 (437,010.11) (8,976,745.37) ($9,413,755.48) Current Cost EFTA01547190 Adjustments Cost Adjustments 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 (888,972.00) Year-To-Date Value* 52,196,971.85 (38,975,089.29) Account Page 14 of 30 Consolidated Statement Page 17 EFTA01547191 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 10/1 10/2 Interest Income Accrued Int Recd Description DEPOSIT SWEEP INTEREST FOR 09/01/13 - 09/30/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $3,711,164.44 AS OF 10/01/13 TO REVERSE ENTRY OF 09/20/2013 CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 AS OF 09/20/13 (ID: 161630-AK-4) 10/2 10/4 10/7 Accrued Int Recd Corporate Interest Accrued Int Paid CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 (ID: 161630-AK-4) CHASE MORTGAGE FINANCE CORPORATION REMIC 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 AS OF 09/25/13 (ID: 161630-AK-4) SEQUOIA MORTGAGE TRUST 2004-7 CL B1 VAR RT 08/20/2034 DTD 07/29/2004 @ 67.00 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 10/02/13 FACE VALUE 8,900,000.00 (ID: 81744F-DB-0) 10/21 10/21 10/21 Corporate Interest Corporate Interest Accrued Int Recd SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT 12/20/2032 DTD 10/30/2002 (ID: 81744A-AB-4) SEQUOIA MORTGAGE TRUST 2004-7 CL B1 VAR RT 08/20/2034 DTD 07/29/2004 (ID: 81744F-DB-0) SEQUOIA MORTGAGE TRUST 2004-7 CL B1 VAR RT 08/20/2034 DTD 07/29/2004 (ID: 81744F-DB-0) 1,021,478.307 2,931,416.407 2,931,416.407 0.001 EFTA01547192 0.001 1,391.76 2,455.06 81.84 2,931,416.407 0.00 (1,391.20) 1,828,512.970 0.002 4,140.13 1,795,132.540 0.001 2,574.22 1,828,512.946 0.001 (2,623.48) Quantity Cost Per Unit Amount Amount 30.11 Account Page 15 of 30 Consolidated Statement Page 18 EFTA01547193 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Type Settle Date Selection Method Income 10/22 Accrued Int Paid Description ENTRY REVERSED ON 10/29/2013 GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 @ 92.00 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 10/16/13 FACE VALUE 8,250,000.00 (ID: 378961-AV-8) 10/22 10/25 10/25 10/25 10/25 10/25 10/28 10/29 Accrued Int Recd Corporate Interest Corporate Interest Corporate Interest Corporate Interest Div Domest Foreign Interest Accrued Int Paid KINDRED HEALTHCARE INC 8 1/4% JUN 01 2019 DTD 06/01/2011 (ID: 494580-AB-9) 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) GENERAL ELECTRIC CO @ 0.19 PER SHARE (ID: 369604-10-3) PETROLEOS DE VENEZUELA S 5% OCT 28 2015 DTD 10/28/2009 HELD BY EUROCLEAR ISIN XS0460546525 SEDOL BSBQGP8 (ID: 71668A-9B-9) TO REVERSE ENTRY OF 10/22/2013 GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 AS OF 10/22/13 (ID: 378961-AV-8) 3,180,028.665 0.003 9,275.08 EFTA01547194 23,000.000 2,500,000.000 0.19 0.025 4,370.00 62,500.00 2,000,000.000 1,242,557.860 1,329,890.447 1,524,476.260 929,400.490 0.032 0.005 0.004 0.001 0.005 64,625.00 5,984.47 5,940.82 1,160.95 4,647.00 Quantity Cost 3,180,028.665 0.00 Per Unit Amount 0.003 Amount (9,275.08) Account Page 16 of 30 Consolidated Statement Page 19 EFTA01547195 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Type Settle Date Selection Method Income 10/29 Accrued Int Paid Description GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 @ 92.00 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 10/16/13 FACE VALUE 8,250,000.00 (ID: 378961-AV-8) Total Income Type Settle Date Selection Method Contributions 10/2 Misc Receipt Description LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 SWAP RESET EQUITY LEG - DEAL REF 30140386 AS OF 09/25/13 (ID: SWPBDR-UH-6) 10/22 Misc Receipt LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 SWAP UNWIND EQUITY LEG - DEAL REF 30140386 (ID: SWPBDR-UH-6) Total Contributions Foreign Exchange - Inflows Spot FX 10/10 $514,971.98 48,760.40 Quantity Cost $146,765.95 Quantity Cost 3,127,105.920 0.00 Per Unit Amount 0.003 Amount (9,120.73) Amount 466,211.58 SPOT CURRENCY TRANSACTION - SELL BUY USD SELL EFTA01547196 JPY EXCHANGE RATE 97.150000000 DEAL 10/08/13 VALUE 10/10/13 (ID: OJPYPR-AA-9) (129,600,000.000 ) (1,329,014.32) 1,334,019.56 Account Page 17 of 30 Consolidated Statement Page 20 EFTA01547197 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Type Settle Date Selection Method Miscellaneous Credits 10/4 Receipt of Assets Description WORLD DUTY FREE SPA ISIN I10004954662 SEDOL BDSV5Z5 1 SHARE(S) FOR EVERY 1 SHARE(S) 0 WORLD DUTY FREE, CUSIP: 45545W916 SHARE HELD. (ID: 45545W-91-6) Quantity Cost 21,400.000 0.00 Amount Type Settle Date Selection Method Withdrawals 10/2 Misc Disbursement Description LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 SWAP RESET INTEREST LEG - DEAL REF 30140386 AS OF 09/25/13 (ID: SWPBDR-UH-6) 10/22 Misc Disbursement LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 SWAP UNWIND INTEREST LEG - DEAL REF 30140386 (ID: SWPBDR-UH-6) Total Withdrawals ($6,580.00) (1,668.94) Quantity Cost Amount (4,911.06) Account Page 18 of 30 Consolidated Statement Page 21 EFTA01547198 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 SECURITIES TRANSFERRED IN/OUT Notes: Settle Date Selection Method Securities Transferred Out 10/22 Free Delivery Description LONG TOTAL RETURN SWAP 1,999,999.368942 USD NOTIONAL KOSPTREQ INDEX MAT MAR 20 2014 DEAL 30140386 MAT 03/20/2014 DEAL 30140386 JPMORGAN CHASE BANK TRADE DATE 10/18/13 (ID: SWPBDR-UH-6) TRADE ACTIVITY Note: 0 * Trade Date Settle Date 9/25 10/1 9/17 10/2 * 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 (888,972.000) 0.00 Transaction Market Value * (888,972.00) L indicates Long Term Realized Gain/Loss indicates Ordinary Income Realized Gain S indicates Short Term Realized Gain/Loss 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 WESTAR ENERGY INC @ 31.16 62,320.00 BROKERAGE 80.00 TAX &/OR SEC 1.09 J.P. MORGAN SECURITIES LLC (ID: 95709T-10-0) TO REVERSE ENTRY OF 09/20/2013 CHASE MORTGAGE EFTA01547199 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 AS OF 09/20/13 (ID: 161630-AK-4) 9/17 10/2 Sale High Cost 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 19 of 30 Consolidated Statement Page 22 (1,795,132.540 ) 90.00 1,615,619.29 (1,588,692.30) 26,926.99 S* 1,828,512.946 90.00 (1,645,661.66) 1,618,233.96 (27,427.70) S* Quantity (2,000.000) Per Unit Amount 31.119 Proceeds 62,238.91 Cost (62,300.00) Realized Gain/Loss (61.09) S* EFTA01547200 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Trade Date Settle Date 9/27 10/3 9/27 10/3 9/27 10/3 9/27 10/3 10/4 10/4 10/21 10/21 10/16 10/21 10/17 10/22 10/25 10/25 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale High Cost Sale High Cost ENDURO ROYALTY TRUST @ 13.00 65,000.00 BROKERAGE 200.00 TAX &/OR SEC 1.14 J.P. MORGAN SECURITIES LLC (ID: 29269K-10-0) RINGCENTRAL INC-CLASS A @ 17.50 8,750.00 BROKERAGE 20.00 TAX &/OR SEC .16 J.P. MORGAN SECURITIES LLC (ID: 76680R-20-6) UIL HOLDINGS CORP @ 36.99 92,475.00 BROKERAGE 100.00 TAX &/OR SEC 1.61 J.P. MORGAN SECURITIES LLC (ID: 902748-10-2) VIOLIN MEMORY INC @ 7.50 3,750.00 BROKERAGE 20.00 TAX &/OR SEC .07 J.P. MORGAN SECURITIES LLC (ID: 92763A-10-1) Principal Payment CHASE MORTGAGE FINANCE CORPORATION REMIC Pro Rata 2007-A1 CL 2A4 2.99199% 02/25/2037 DTD 02/01/2007 PAYMENT A/C PRINCIPAL AS OF 09/25/13 (ID: 161630-AK-4) Principal Payment SEQUOIA MORTGAGE TRUST 11 CL B1 VAR RT EFTA01547201 Pro Rata Sale High Cost Sale High Cost (4,262.130) 12/20/2032 DTD 10/30/2002 PAYMENT A/C PRINCIPAL (ID: 81744A-AB-4) SEQUOIA MORTGAGE TRUST 2004-7 CL B1 VAR RT 08/20/2034 DTD 07/29/2004 @ 70.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,900,000.00 (ID: 81744F-DB-0) KINDRED HEALTHCARE INC 8 1/4% JUN 01 2019 DTD 06/01/2011 @ 107.40 JP MORGAN SECURITIES LLC (BIDL) (ID: 494580-AB-9) Principal Payment COUNTRYWIDE HOME LOANS 2003-1 CL B1 5.750% Pro Rata (8,321.510) 03/25/2033 DTD 01/01/2003 PAYMENT A/C PRINCIPAL (ID: 12669D-YS-1) Account Page 20 of 30 Consolidated Statement Page 23 100.00 8,321.51 (7,947.04) (2,000,000.000 ) 107.40 2,148,000.00 (1,966,250.00) 77,750.00 L 99,697.92 S 4,302.08 0 374.47 S (2,931,416.407 ) 70.00 2,051,991.49 (1,964,049.00) 87,942.49 S 100.00 4,262.13 (3,143.32) 1,118.81 S (33,380.430) 100.00 33,380.44 (29,541.68) 3,838.76 S (500.000) 7.46 3,729.93 (4,500.00) EFTA01547202 (770.07) S* (2,500.000) 36.949 92,373.39 (93,125.00) (751.61) S* (500.000) 17.46 8,729.84 (6,500.00) 2,229.84 S* Quantity (5,000.000) Per Unit Amount 12.96 Proceeds 64,798.86 Cost (69,250.00) Realized Gain/Loss (4,451.14) S* EFTA01547203 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Trade Date Settle Date Type Selection Method Description Settled Sales/Maturities/Redemptions 10/25 10/25 10/25 10/25 10/25 10/25 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 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) Total Settled Sales/Maturities/Redemptions $4,516,928.17 ($4,237,657.60) $82,226.64 L $192,741.85 S $4,302.08 0 (36,212.050) 100.00 36,212.05 (36,212.05) (13,468.350) 100.00 13,468.35 (9,394.17) 4,074.18 S Quantity (19,463.640) Per Unit Amount 100.00 Proceeds 19,463.64 Cost (14,987.00) Realized Gain/Loss EFTA01547204 4,476.64 L Trade Date Settle Date Type Description Settled Securities Purchased 9/24 Purchase 10/1 9/27 10/2 9/27 10/2 9/27 10/2 Purchase Purchase Purchase JPM CONT BUFF EQ SX7P 10/16/14 85% CONTIN BARRIER- 0%CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 @ 100.00 JP MORGAN SECURITIES LLC (BIDL) (ID: 48126N-VE-4) ENDURO ROYALTY TRUST @ 13.85 J.P. MORGAN SECURITIES LLC (ID: 29269K-10-0) VIOLIN MEMORY INC @ 9.00 J.P. MORGAN SECURITIES LLC (ID: 92763A-10-1) UIL HOLDINGS CORP @ 37.25 J.P. MORGAN SECURITIES LLC (ID: 902748-10-2) 5,000.000 500.000 2,500.000 13.85 9.00 37.25 (69,250.00) (4,500.00) (93,125.00) Account Page 21 of 30 * * * Quantity 1,000,000.000 Per Unit Amount 100.00 Market Cost (1,000,000.00) * Consolidated Statement Page 24 EFTA01547205 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Trade Date Settle Date Type Settled Securities Purchased 9/27 Purchase 10/2 10/2 10/7 10/16 10/22 10/16 10/29 Purchase Purchase Description RINGCENTRAL INC-CLASS A @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 76680R-20-6) SEQUOIA MORTGAGE TRUST 2004-7 CL B1 VAR RT 08/20/2034 DTD 07/29/2004 @ 67.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,900,000.00 (ID: 81744F-DB-0) ENTRY REVERSED ON 10/29/2013 GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 @ 92.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,250,000.00 (ID: 378961-AV-8) Purchase TO REVERSE ENTRY OF 10/22/2013 GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 @ 92.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,250,000.00 AS OF 10/22/13 (ID: 378961-AV-8) 10/16 10/29 Purchase GLOBAL MORTGAGE SECURITIZATION 2005-A CL B2 5.250% 04/25/2032 DTD 04/28/2005 @ 92.00 JP MORGAN SECURITIES LLC (BIDL) FACE VALUE 8,250,000.00 (ID: 378961-AV-8) Total Settled Securities Purchased ($6,014,361.44) 3,127,105.920 92.00 (2,876,937.44) (3,180,028.665 ) 92.00 2,925,626.38 3,180,028.665 92.00 EFTA01547206 (2,925,626.38) Quantity 500.000 2,931,416.407 Per Unit Amount 13.00 67.00 Market Cost (6,500.00) * (1,964,049.00) Account Page 22 of 30 Consolidated Statement Page 25 EFTA01547207 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 (9,701,712.92) ($9,701,712.92) -9,708,737.86 $9,708,737.86 0.01 36,431,689.62 $36,431,689.63 (0.01) (36,424,664.68) ($36,424,664.69) -(10,000,000.00) (10,000,000.00) 0 00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 10,000,000.00 10,000,000.00 0.01 37,500,000.00 37,500,000.01 (0.01) (37,500,000.00) (37,500,000.01) -Period Value -Year-To-Date Value* -Local Value Current Period Value 0.00 EFTA01547208 Year-To-Date Value* -Account Page 23 of 30 Consolidated Statement Page 26 EFTA01547209 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - Canadian Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Foreign Exchange - Inflows 10/10 Description FXOption Exercised SPOT CURRENCY TRANSACTION SETTLEMENT OF EXERCISED FX OPTION BUY CAD SELL JPY TRADE 10/08/13 VALUE 10/10/13 (ID: OCADPR-AA-6) Quantity (809,000,000.000 ) Amount USD Local Value 9,708,737.86 10,000,000.00 Currency Gain/Loss USD Type Settle Date Selection Method Foreign Exchange - Outflows FX Fwd Contract 10/10 10/10 Spot FX Description SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL CAD CONTRACT RATE : 93.730000000 TRADE 8/23/13 VALUE 10/10/13 (ID: OCADPR-AA-6) SPOT CURRENCY TRANSACTION - SELL BUY JPY SELL CAD EXCHANGE RATE 93.990000000 DEAL 10/08/13 VALUE 10/10/13 (ID: OCADPR-AA-6) Total Foreign Exchange - Outflows ($9,701,712.92) ($46,061.85) 469,950,000.000 (4,847,343.99) (5,000,000.00) (7,024.94) Quantity 468,650,000.000 Amount USD Local Value (4,854,368.93) (5,000,000.00) Currency Gain/Loss USD (39,036.91) Account Page 24 of 30 EFTA01547210 Consolidated Statement Page 27 EFTA01547211 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 TRADE ACTIVITY - Canadian Dollar C indicates Currency Gain/Loss Note: Per Unit Trade Date Settle Date 10/8 10/8 10/8 10/10 Type Selection Method Description Settled Sales/Maturities/Redemptions Expired Option High Cost FIFO Quantity JPY CALL CAD PUT FX EUROPEAN STYLE OPTION OCT 769,000,000.000 08, 2013 @ 76.9 AT EXP KI @ 69.65 EXPIRATION OF WRITTEN FX OPTION (ID: XJPYCA-TZ-Z) FX Option Exer JPY PUT CAD CALL FX EUROPEAN STYLE OPTION OCT (809,000,000.000 ) 08, 2013 @ 80.9 PURCHASED FX OPTION EXERCISED CALL 10,000,000.00 CAD PUT 809,000,000.00 JPY (ID: XJPYPB-EX-Z) Total Settled Sales/Maturities/Redemptions (USD) $0.00 $0.00 $0.00 Amount USD Local Value Proceeds USD Local Value Cost USD Realized Local Value Gain/Loss USD 336,952.82 346,000.00 (336,952.82) (346,000.00) 336,952.82 C (336,952.82) C Account Page 25 of 30 Consolidated Statement Page 28 EFTA01547212 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Summary Euro Beginning Cash Balance Current Transactions INFLOWS Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Total Outflows Foreign Exchange - Outflows $0.00 TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 398,143.94 (386,204.45) $11,939.49 -398,143.94 (3,349,728.59) ($2,951,584.65) -289,065.19 (280,396.74) 8,668.45 291,846.67 * 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 289,065.19 (2,506,889.10) (2,217,823.91) -$0.00 1,135,367.75 15,446,863.09 $16,582,230.84 (12,926,160.34) ($12,926,160.34) 837,388.58 0.00 11,672,282.00 12,509,670.58 0.00 (10,000,000.00) (10,000,000.00) Period EFTA01547213 Value -US Dollar Value Local Value Year-To-Date Value* -Current Period Value 283,178.22 Year-To-Date Value* -Account Page 26 of 30 Consolidated Statement Page 29 EFTA01547214 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - Euro TRADE ACTIVITY - Euro Note: S indicates Short Term Realized Gain/Loss Per Unit Trade Date Settle Date 10/22 10/25 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost 3C DECAUX INTERNATIONAL ISIN FR0000077919 SEDOL 7136663 (ID: F5333N-91-0) Quantity (10,000.000) Amount USD Local Value 39.814 28.994 Proceeds USD Local Value 398,143.94 289,065.19 Cost USD Realized Local Value Gain/Loss USD (327,986.80) (246,317.45) 70,157.14 S Per Unit Market Trade Date Settle Date Type Settled Securities Purchased 10/22 Purchase 10/25 Description INTESA SANPAOLO SPA ISIN IT0000072618 SEDOL 4076836 (ID: T1700N-90-1) Quantity 152,000.000 Amount USD Local Value 2.541 EFTA01547215 1.837 Cost USD Local Value (386,204.45) (280,396.74) Currency Gain/Loss USD 6,291.75 Account Page 27 of 30 Consolidated Statement Page 30 EFTA01547216 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Summary - Japanese Yen Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value -9,625,099.11 $9,625,099.11 Foreign Exchange - Outflows Ending Cash Balance (11,042,757.42) ($11,042,757.42) -Year-To-Date Value* -36,828,282.73 $36,828,282.73 (38,186,115.97) ($38,186,115.97) -Local Value Current Period Value 0.00 938,600,000.00 938,600,000.00 (938,600,000.00) (938,600,000.00) 0.00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Year-To-Date Value* -3,637,625,000.00 3,637,625,000.00 (3,637,625,000.00 (3,637,625,000.00 ) -Account Page 28 of 30 Consolidated Statement Page 31 EFTA01547217 EFTA01547218 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - Japanese Yen INFLOWS & OUTFLOWS Type Settle Date Selection Method Foreign Exchange - Inflows FX Fwd Contract 10/10 10/10 Spot FX Total Foreign Exchange - Inflows Type Settle Date Selection Method Foreign Exchange - Outflows Spot FX 10/10 10/10 Description SPOT CURRENCY TRANSACTION - SELL BUY USD SELL JPY EXCHANGE RATE 97.150000000 DEAL 10/08/13 VALUE 10/10/13 (ID: OJPYPR-AA-9) FXOption Exercised SPOT CURRENCY TRANSACTION SETTLEMENT OF EXERCISED FX OPTION SELL JPY BUY CAD TRADE 10/08/13 VALUE 10/10/13 (ID: OJPYPR-AA-9) Total Foreign Exchange - Outflows ($11,042,757.42) $1,417,658.31 10,000,000.000 (9,708,737.86) (809,000,000.00) 1,412,653.07 Quantity 1,334,019.560 Description SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL CAD CONTRACT RATE : 93.730000000 TRADE 8/23/13 VALUE 10/10/13 (ID: OJPYPR-AA-9) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL CAD EXCHANGE RATE 93.990000000 DEAL 10/08/13 VALUE 10/10/13 (ID: OJPYPR-AA-9) $9,625,099.11 Amount USD Local Value (1,334,019.56) (129,600,000.00) $0.00 Currency Gain/Loss USD 5,005.24 (5,000,000.000 ) EFTA01547219 4,847,343.99 469,950,000.00 Quantity (5,000,000.000 ) Amount USD Local Value 4,777,755.12 468,650,000.00 Currency Gain/Loss USD Account Page 29 of 30 Consolidated Statement Page 32 EFTA01547220 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related CANADIAN DOLLAR JAPANESE YEN JAPANESE YEN U S DOLLAR Speculative CANADIAN DOLLAR JAPANESE YEN Other CANADIAN DOLLAR JAPANESE YEN Oct. 8 13 Oct. 10 13 CAD 10,000,000.00 JPY (809,000,000.00) 0.970874 (8,296,084.79) 9,708,737.86 1,412,653.07 Aug. 23 13 Oct. 10 13 CAD JPY (5,000,000.00) 468,650,000.00 93.730000 92.250712 4,777,755.12 (4,854,368.93) (76,613.81) Oct. 8 13 Oct. 10 13 Oct. 8 13 Oct. 10 13 CAD JPY (5,000,000.00) 469,950,000.00 JPY (129,600,000 00) USD 1,334,019.56 93.990000 97.150000 93.853984 EFTA01547221 97.515879 4,847,343.99 1,334,019.56 (4,854,368.93) (1,329,014.32) (7,024.94) 5,005.24 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Account Page 30 of 30 Consolidated Statement Page 33 EFTA01547222 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL LLC ACCT. For the Period 10/1/13 to 10/31/13 Derivatives Account J.P. Morgan Team William Sheridan Justin Nelson Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Client Service Team Client Service Team Client Service Team www.jpmorganonline.com No market value or activity to report during this period 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 800/634-1318 Account Page 1 of 1 Consolidated Statement Page 34 EFTA01547223 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01547224 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 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 Cash & Fixed Income Portfolio Activity Page 2 4 5 7 Account Page 1 of 16 Consolidated Statement Page 35 EFTA01547225 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Account Summary Asset Allocation Equity Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 38,694,304.68 23,858,325.80 $62,552,630.48 440,237.33 $62,992,867.81 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 Period Value 62,552,630.48 12,198.92 (14,715,618.29) (48,239,500.63) ($62,942,920.00 ) 58,200.37 340,417.99 $8,328.84 2.18 $8,331.02 Ending Market Value 0.00 8,328.84 $8,328.84 2.18 $8,331.02 Change In Value (38,694,304.68) (23,849,996.96) EFTA01547226 ($62,544,301.64 ) (440,235.15) ($62,984,536.79 ) Year-to-Date Value 0.00 13,977,308.99 (14,746,392.91) 46,295,038.08 (48,239,500.63) ($2,713,546.47) 576,474.14 2,145,401.17 $8,328.84 2.18 $8,331.02 $0.00 Estimated Current Annual Income Allocation 100% 100% Account Page 2 of 16 Consolidated Statement Page 36 EFTA01547227 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Account Summary Income Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Income Partnership/Alt Asset Distributions Other Income & Receipts Cost Summary Cash & Fixed Income Total CONTINUED Current Period Value 8,270.67 Year-to-Date Value 23,094.27 973.26 49,929.70 $58,200.37 4,528.25 50,511.63 $79,107.41 497,366.73 $497,366.73 8,328.84 Cost $8,328.84 ST Realized Gain/Loss Realized Gain/Loss Current Period Value Year-to-Date Value 1,902.00 $1,902.00 Account Page 3 of 16 Consolidated Statement Page 37 EFTA01547228 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Equity Summary Asset Categories US Large Cap Equity US Small Cap Equity US Small/Mid Cap Equity Non-US Equity Emerging Market Equity Preferred Stocks Concentrated & Other Equity Total Value Beginning Market Value 6,783,924.80 7,436,816.82 943,000.00 93,199.72 903,465.34 8,349,148.00 14,184,750.00 $38,694,304.68 Ending Market Value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0.00 Change In Value (6,783,924.80) (7,436,816.82) (943,000.00) (93,199.72) (903,465.34) (8,349,148.00) (14,184,750.00) ($38,694,304.68 ) Current Allocation Account Page 4 of 16 Consolidated Statement Page 38 EFTA01547229 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash US Fixed Income Total Value Market Value/Cost Market Value Cost Accrued Interest SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Market Value 14,653,547.57 0.23 9,204,778.00 $23,858,325.80 Ending Market Value 8,328.84 0.00 0.00 $8,328.84 Current Period Value 8,328.84 8,328.84 2.18 SUMMARY BY TYPE Market Value 8,328.84 % of Bond Portfolio 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 Market Value 8,328.84 % of Bond Portfolio EFTA01547230 100% Change In Value (14,645,218.73) (0.23) (9,204,778.00) ($23,849,996.96 ) 100% Current Allocation 100% Account Page 5 of 16 Consolidated Statement Page 39 EFTA01547231 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Cash & Fixed Income Detail Price Cash US DOLLAR 3PM TR I PRIME MM FD - INSTL Total Cash FUND 829 $8,328.84 $8,328.84 $0.00 1.00 1.00 8,328.84 8,328.84 8,328.84 0.00 2.18 $0.00 $2.18 0.00% Quantity Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Account Page 6 of 16 Consolidated Statement Page 40 EFTA01547232 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 199,036.62 $199,036.62 $8,328.84 * 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 1,000,938.62 (800,000.00) $200,938.62 -Period Value 14,454,510.95 58,200.37 12,198.92 $70,399.29 (14,715,618.02) ($14,715,618.02) Year-To-Date Value* -571,945.89 13,977,308.72 4,528.25 $14,553,782.86 (14,746,149.32) (243.32) ($14,746,392.64) Current Cost Adjustments Cost Adjustments EFTA01547233 Total Cost Adjustments Period Value (201,768.75) ($201,768.75) Year-To-Date Value* (201,768.75) ($201,768.75) Current Securities Transferred In/Out Securities Transferred In Securities Transferred Out Period Value (48,239,500.63) Year-To-Date Value* 46,295,038.08 (48,239,500.63) Account Page 7 of 16 Consolidated Statement Page 41 EFTA01547234 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 10/1 10/1 10/1 10/10 10/22 10/31 Div Domest Corporate Interest Interest Income Foreign Interest Interest Income Div Domest Total Income Description JPM TR I PRIME MM FD - INSTL FUND 829 FOR SEP @ VARIOUS RATES FROM 0.0000389% TO 0.0001011% (ID: 4812A2-60-3) HE