MorganStanley

MorganStanley Investor Report for Long/Short Accounts with Custom Sectors Account Number : ELEMASROL Account Name : Electron Master Fund Rollup General Summary Equity ($) 19,833,509 Leverage 1.08 # Long Pos 30 Long Liq (days) 1 46 VaR 95% (% Equity) (0.62) LMV (5) 11,283.926 Exp Leverage 1.08 # Short Pos 38 Short Llq (days) 0.02 VaR 99% (% Equity) (0.95) SMV (5) (10.227.077) Boxed MV (5) 0 29-Mar-2013 Report ID : RSKIT7P Source : MSPNY Exposure Breakdown Long(5) Short(5) Net(5) Long(% Equity) Short(% Equity) Net(% Equity) Market Value 11,283,926 (10,227,077) 1.056.849 56.89 (51.56) 5.33 Delta Adj. Exp. 11,283,926 (10,227,077) 1.056.849 56.89 (51.56) 5.33 Beta S8P 500 8,272,668 (6,226,024) 2.046.644 41.71 (31.39) 10.32 Beta MSCI World Utilities 12,029,884 (10,165,007) 1.864.877 60.65 (51.25) 9.40 Too 5 Lona Market Value Too 5 Short Market Value MV (% Equity) MV ($) Country Sector (MSPM) Llq (days) MV (% Equity) MV ($) Country Sector (MSPM) Uq (days) 10.27 2,037,768 USA Electric Utilities 0.01 (5.11) (1,012,800) USA Electric Utilities 0.01 4.05 802,884 USA Multi-Utilities 061 (4.12) (816,408) USA Electric Utilities 0.01 4.00 793,301 FRA Multi-Utilities 061 (3.69) (732,360) USA Multi-Utilities 0.01 180 753,675 USA Electric Utilities 063 (3.63) (719,460) USA Multi-Utilities 0.01 3.48 690.100 USA IPP 0.01 (2.82) (559,199) USA Infrastructure 0.08 Long Short Geographic Delta Adl. Exp (% Equity) Sector Delta Adi. Exp (MSPM) (% Equity) 30.00 20.00 10.00 000 -10.00 40.00 -30.00 te Y e OQY •e ? pbit t „3- to." O 41. et O . / C PC 30.00 20.00 10.00 0.00 -10.00 40.00 40.00 ••• ,,e 4." e de c 1 Market Cap Delta AdI. Exp Equity) Although this report has been prepared using. ources. models and data that Morgan Stanley ("Mr) believes to be reasonably reliable, its accuracy completeness or suitability cannot be guaranteed. Therefore, this information is supplied on an "AS IS" basis, and NO WARRANTY IS MADE AS TO ITS ACCURACY, COMPLETENESS. NON-INFRINGEMENT OF THIRD PARTY RIGHTS. MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Furthermore, the information, including prices and positions, contained in this report may be modified by Mrs clients, or their agents, and do not represent the official books and records of MS. The recipients of this report assume all risks in relying on the information set forth herein. Page 1 of 1 As reported On : 01-Apr-2013 4:35:38 am EFTA01117084