EFTA01547159

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 Total Value 2 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) HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 (ID: 42210P-AQ-5) DEPOSIT SWEEP INTEREST FOR 09/01/13 - 09/30/13 @ .01% RATE ON AVG COLLECTED BALANCE OF $14,450,852.61 AS OF 10/01/13 BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 (ID: 06739F-HK-0) INTEREST FOR 10/01/13 THRU 10/21/13 @ 0.010% ON NET AVERAGE COLLECTED BALANCE OF 11,613,716.07 JP MORGAN CHASE & CO @ 0.38 PER SHARE (ID: 46625H-10-0) 21,753.000 300,000.000 0.039 0.01 0.38 11,625.00 62.70 8,266.14 $58,200.37 1,000,000.000 0.038 38,125.00 117.00 Quantity Cost 199,036.620 EFTA01547235 Per Unit Amount Amount 4.53 Account Page 8 of 16 Consolidated Statement Page 42 EFTA01547236 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Type Settle Date Selection Method Contributions 10/8 Misc Credit Description FEDWIRE CREDIT VIA: THE BANK OF NEW YORK MELLON/021000018 B/0: 126859 NEW YORK, NY 10286 REF: CHASE NYC/CTR/BBK=SOUTHERN FINANCIAL LLC ST THOMAS VI 00802-/AC-000000032920 BNF=SOUTHERN FINANCIAL, LLC/AC-ACCTCHASUS33 RFB=1158272 OBIMAD: 1008B1Q8154C001929 TRN: 0950209281FF Quantity Cost Amount 12,198.92 Type Settle Date Selection Method Withdrawals 10/17 10/18 Description Misc Disbursement TRANSFERRED BY WIRE TO THE BANK OF NEW YORK MELLON FAO PERSHING LLC AS REQUESTED Misc Disbursement TRANSFERRED BY WIRE TO THE BANK OF NEW YORK MELLON FAO SOUTHERN FINANCIAL LLC AS REQUESTED Total Withdrawals Quantity Cost Amount (14,516,581.40) (199,036.62) ($14,715,618.02) Account Page 9 of 16 Consolidated Statement Page 43 EFTA01547237 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 10/11 Free Delivery 10/11 10/11 10/11 10/11 10/11 10/11 10/11 Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Description ALLY FINANCIAL INC 8 1/2% PFD PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 02005N-30-8) APOLLO GLOBAL MANAGEMENT LLC PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 037612-30-6) ARIAD PHARMACEUTICALS INC PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 04033A-10-0) ASCENA RETAIL GROUP INC COM PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 04351G-10-1) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 060505-DT-8) BARCLAYS BANK PLC 7.750% 04/10/2023 DTD 04/10/2013 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 06739F-HK-0) BIOGEN IDEC INC PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 09062X-10-3) BOMBARDIER INC CL B PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 097751-20-0) (2,000,000.000 ) 2,081,180.56 (300,000.000) 300,000.00 (2,095.000) EFTA01547238 250,454.95 (20,000.000) 0.00 (2,203,420.00) (311,994.00) (490,586.15) (94,765.72) (70,500.000) 0.00 (1,395,195.00) (16,535.000) 290,997.40 (89,454.35) (263,157.000) 4,999,983.00 (7,897,341.57) * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Quantity Cost (126,600.000) 2,580,473.76 Transaction Market Value * (3,403,008.00) Account Page 10 of 16 Consolidated Statement Page 44 EFTA01547239 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 10/11 Free Delivery 10/11 10/11 10/11 10/11 10/11 10/11 10/11 10/11 Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Description DEUTSCHE BK AG LDN BRH DBL LONG ETN38 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 25154H-55-8) EARTHLINK INC 8 7/8% MAY 15 2019 DTD 05/17/2011 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 270321-AC-6) FACEBOOK INC-A PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 30303M-10-2) GMAC CAPITAL TRUST I PFD STK 8 1/8% PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 361860-20-8) GENERAL ELECTRIC CO PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 369604-10-3) GENERAL ELEC CAP CORP 7.125% DEC 15 2049 DTD 06/12/2012 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 369622-SN-6) GENERAL ELEC CAP CORP 5.250% 12/31/2049 DTD 05/29/2013 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 369622-ST-3) GENERAL MOTORS CO CV PFD B PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 EFTA01547240 (ID: 37045V-20-9) HEADWATERS INC 7.625 04/01/2019 DTD 03/11/2011 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 42210P-AQ-5) Account Page 11 of 16 Consolidated Statement Page 45 (1,000,000.000 ) 1,035,000.00 (1,055,000.00) (2,000,000.000 ) 2,122,916.67 (1,400,000.000 ) 1,400,000.00 (71,000.000) 3,585,969.22 (2,182,620.00) (1,298,024.00) (3,546,876.00) (23,000.000) 496,109.08 (557,750.00) (17,500.000) 665,000.00 (80,000.000) 1,882,773.60 (858,375.00) (2,144,000.00) (1,000,000.000 ) 1,033,500.00 (974,600.00) Quantity Cost (50,000.000) 352,529.00 Transaction Market Value * (431,500.00) EFTA01547241 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 10/11 Free Delivery 10/11 10/11 10/11 10/11 10/11 10/11 10/18 Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Free Delivery Description JP MORGAN CHASE & CO PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 46625H-10-0) JPMORGAN CHASE & CO VAR RT PFD STK 04/30/2049 DTD 04/23/2008 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 46625H-HA-1) JPMORGAN CHASE & CO VAR RT 07/24/2013 DTD 07/29/2013 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 48126H-AA-8) ROYAL BANK SCOTLAND GROUP PLC ADR NON-CUMULATIVE PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 780097-71-3) SANGAMO BIOSCIENCES INC PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 800677-10-6) SERVICEMASTER COMPANY 8% FEB 15 2020 DTD 02/13/2012 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 81760N-AN-9) SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 PERSHING & COMPANY TRADE DATE 10/11/13 CLIENT REF 105664157 (ID: 842400-FU-2) JPM TR I VALUE ADVANTAGE FD - INSTL FUND 1400 PERSHING & COMPANY TRADE DATE 10/18/13 CLIENT REF 105664157 (ID: 4812A2-58-7) EFTA01547242 (2,500,000.000 ) 2,665,625.00 (3,000,000.000 ) 3,016,649.17 (78,709.170) 2,000,000.00 (2,468,750.00) (3,103,500.00) (2,083,431.73) (5,000,000.000 ) 5,498,006.95 (750,000.000) 750,000.00 (120,000.000) 2,924,400.00 (50,000.000) 422,214.00 (5,481,000.00) (704,947.50) (2,818,800.00) (561,500.00) Quantity Cost (21,753.000) 0.00 Transaction Market Value * (1,142,467.56) Account Page 12 of 16 Consolidated Statement Page 46 EFTA01547243 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 10/18 Free Delivery Total Securities Transferred Out TRADE ACTIVITY Trade Date Type Settle Date 10/17 10/17 Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost 3PM TR I PRIME MM FD - INSTL FUND 829 @ 1.00 (ID: 4812A2-60-3) Quantity (199,036.620) Description 3PM TR I LATIN AMERICA FD - SEL FUND 3815 PERSHING & COMPANY TRADE DATE 10/18/13 CLIENT REF 105664157 (ID: 4812A3-47-8) Quantity Cost (49,504.950) 1,000,000.00 Transaction Market Value * (940,594.05) ($48,239,500.63) Per Unit Amount 1.00 Proceeds Cost 199,036.62 (199,036.62) Realized Gain/Loss Account Page 13 of 16 Consolidated Statement Page 47 EFTA01547244 EFTA01547245 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 COST ADJUSTMENTS Settle Date Type Cost Adjustments 10/9 Cost Basis Adj Description ALLY FINANCIAL INC 8 1/2% PFD RETURN OF CAPITAL ADJUSTMENT FOR 2012 DIVIDENDS (ID: 02005N-30-8) Quantity 126,600.000 Cost Basis Adjustments (201,768.75) Account Page 14 of 16 Consolidated Statement Page 48 EFTA01547246 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Summary - Pound Sterling Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Contributions $0.00 OUTFLOWS ** Total Outflows Withdrawals Ending Cash Balance (0.27) ($0.27) -Period Value -Year-To-Date Value* -0.27 $0.27 (0.27) ($0.27) -0.00 (0.14) (0.14) 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 Local Value Current Period Value 0.14 Year-To-Date Value* -0.14 0.14 (0.14) (0.14) -Account Page 15 of 16 Consolidated Statement Page 49 EFTA01547247 SOUTHERN FINANCIAL, LLC ACCT. For the Period 10/1/13 to 10/31/13 Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Type Settle Date Selection Method Withdrawals 10/17 Misc Disbursement Description WRITE OFF POUND STERLING (ID: OGBPPR-AA-9) Amount USD Local Value (0.27) (0.14) Currency Gain/Loss USD Account Page 16 of 16 Consolidated Statement Page 50 EFTA01547248 J.P. Morgan Securities LLC SOUTHERN FINANCIAL, LLC 383 Madison Avenue, New York, NY 10179 ACCT. For the Period 10/1/13 to 10/31/13 Margin 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 Transactions cleared and carried through J.P. Morgan Clearing Corp. Three Chase Metrotech Center, Brooklyn, NY 11245-0001, (347) 643-2578 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 Portfolio Activity Page 2 4 Account Page 1 of 4 Consolidated Statement Page 51 EFTA01547249 SOUTHERN FINANCIAL, LLC Account Summary MARGIN Cash Asset Allocation Cash & Fixed Income Market Value 0.00 Margin Market Value 0.00 Short Market Value 0.00 Market Value Annual Income Allocation 0.00 Total Estimated Current ACCT. For the Period 10/1/13 to 10/31/13 Investment Objectives Speculation Permitted Income Generation Yes Yes Account Page 2 of 4 Consolidated Statement Page 52 EFTA01547250 SOUTHERN FINANCIAL, LLC Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 33.49 Cash (33.49) Margin 33.49 (33.49) $0.00 33.49 (33.49) $0.00 $0.00 $0.00 0.00% Account Value Adjusted Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield ACCT. For the Period 10/1/13 to 10/31/13 Account Page 3 of 4 Consolidated Statement Page 53 EFTA01547251 SOUTHERN FINANCIAL, LLC Portfolio Activity Summary Current Transactions Beginning Cash Balance INFLOWS Total Inflows Contributions $0.00 OUTFLOWS ** Total Outflows Withdrawals $0.00 Ending Cash Balance $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 Portfolio Activity Detail No Activity This Period Period Value 0.00 Year-To-Date Value* -30,033.49 $30,033.49 (30,033.49) ($30,033.49) -ACCT. For the Period 10/1/13 to 10/31/13 Account Page 4 of 4 Consolidated Statement Page 54 EFTA01547252 For the Period 10/1/13 to 10/31/13 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Certain assets, including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third EFTA01547253 parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 5 EFTA01547254 For the Period 10/1/13 to 10/31/13 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, EFTA01547255 improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 5 EFTA01547256 For the Period 10/1/13 to 10/31/13 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any non- electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR MARGIN ACCOUNT(S) All positions in your Margin Account Portfolio(s) are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), Three Chase Metrotech Center, Brooklyn, NY 11245-001, (347) 643-2578. EFTA01547257 If you have a margin account as permitted by law we may use certain securities in such account for, among other things, settling short sales and lending the securities for short sales, and as a result may receive compensation in connection therewith. Please keep the following in mind when using a statement to track your brokerage activity in a margin account: The statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your request. Free credit balances in your margin account(s) are not segregated and may be used in the operation of JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you the amount of your free credit balance, and will deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets 1. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Disclosures Page 3 of 5 EFTA01547258 For the Period 10/1/13 to 10/31/13 Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period. Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis EFTA01547259 but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning JPMorgan Funds for other important information. PRODUCT RELATED DISCLOSURE: THE JPMORGAN FUNDS OR THIRD PARTIES Shares of the funds referenced above 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. Disclosures Page 4 of 5 EFTA01547260 For the Period 10/1/13 to 10/31/13 Prospectuses and other fund information for JPMorgan funds may be obtained by calling your J.P. Morgan team or JPMorgan Distribution Services, Inc. at (800) 480-4111. You also may view and order materials online for JPMorgan funds at www.jpmorganfunds.com. J.P. Morgan affiliates may receive compensation from the JPMorgan funds for providing investment advisory services to the funds. J.P. Morgan affiliates may also provide administrative, custodial, sales, distribution, shareholder or other services to the JPMorgan Funds or funds established, sponsored, advised, or managed by third parties, and J.P. Morgan affiliates may be compensated for such services as allowed by applicable law. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of 3PMCB. Assets may be reflected herein even though they may be held by a third party unaffiliated with J.P. Morgan. In such cases, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibility for the verification, valuation, safekeeping or management of those assets. Disclosures Page 5 of 5 EFTA01547261 EFTA01547262