DS9 Document EFTA01144207

CIO aloha" lava& meat Onizareumeein Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Financial Trust as of March 29. 2013 M. Morgan Stark leS LLC. Current IX & Commodity USOMXN 12.3127 XAUUSD 1597.5 GBPUSD 1.5199 USD/PY 94.170 rates LISOARS 5.1213 USDKRW 1111.35 EURUSD 1.2818 USDBRL 2.0217 USOCHF 0.949 USDCAD 1.0176 USDTRY 1.810 USDNOK 58476 Equity • Inuadav Pricing via Bloomberg Trade Date Symbol Shares Company Currency Industry Dividend Yield Cost Basis (SI Market Value (5) Entry Price Current Price (Used) (loca0 M1M 11-0l11 TEE (1,500) Idefonica Se-Soon Ad USO Communications 0.00% $30.080 ($20,265) 20.05 13.51 19,815 15-Jun-12 TIEF (39) Telefonica Sa-Spon Ad USO Communications 0.00% 5999 ($527) 1732 13.51 ($39) 24-Jan-13 ARIA 9,000 Ariad Pharmaceuticals Inc USO onsumer, Non.cyclie 0.00% ($176.400) $162,720 1990 18.08 ($13,680) 144eb.12 ARIA 7,535 Ariad Pharmaceuticals Inc USO onsumer, Non.cyclie 0.00% ($114.600) $136,233 15-21 18.08 521,633 24-Oct-12 DF 25,000 Dean Foods Co USO ensumer, Non.cyclie 0.00% ($470,450) $453,250 18.82 1813 ($17,200) 12-Jul-10 DAG 50,000 Psvrshs Db Agri Double Long USO Funds 0.00% ($352.550) $481,505 7.05 9.63 $128.955 17-May-12 F8 17,500 Facebook Inc-A USO Communications 0.00% ($665.000) $447,650 38.00 25.58 ($217,350) 14feb-12 BIM 2,095 iliogen Idea Inc USO ensumer, Noncydie 0.00% ($250,455) $403,535 119.55 192.62 $153,080 Structured Notes • Manual Pricing via JPMorgan Investment Bank as of prior day Trade Date Maturity Face Amount Long Description Cost Basis (S) Markel Value (5) Interest Received Entry Price (S) Current Price IS) MTM 8-Nov-12 22-Nov-13 1,000,000 Gs Note 11/22/13 Lnkd To Mxn Vs UW 85%Barreer. 5 tm Cpm22.9%Mxnrn (51.000,000) $1,107,560 $0 $100.00 $110.76 $107,560 9-Jan-13 24-Jan-14 1,000,000 Rsbc Ren Lnked To CM Vs Usd 5)(Iev- 500%Maxrtm 01/09/13 Initial Strikeh.1995 (51.000.000) $985,600 s0 $100.00 $9856 ($14.400) 1A-Feb-13 20-Aug-14 1,008000 MS Market Plus MRK 08/20/14 80% EKO Barrier • 3.5% CPN, Uncapped Initial Level - 2 (51000.000) $1,048,550 $0 $100.00 $104.86 148550 5-Apr-12 16-Apr-15 1,500,000 Mentor CLN 6.200% CPN 0416/2015 Dtd 0416/2012 (51.500.000) $1,573,800 $69,808 $100.00 $104.92 $143,688 US. Fixed Income Pricin Bloomber Intrad via Trade Date Maturity Face Amount Issuer S&P Rating Next Call Date Coupon Principal Cost Market Value Total Int. Accrued Yield to Worst Entry Price Current Prue MTM 224eb.12 15-Jan-2018 1,008000 Nrg Energy Inc BB. N/A 7.625% (11.001.500) 11,126,540 $84,087 4.64% $100.15 $112.65 $209,127 22.0ct.12 01-Apr-2019 1,008000 Headwaters Inc 8. 04101/2015 7.625% (11,035.000) 11,080,000 $33,253 5.19% $103.50 $10800 /78,253 22.Oct-12 15.1.4ar2019 400,000 Earth/ink Inc 8- 05/15/2015 8.875% ($414.000) $406000 $15,482 843% $103.50 $101.50 /7,482 23.Oct-12 15.1.4ar2019 600,000 Earth/ink Inc 8- 05/15/2015 8875% ($619,500) $609000 $23,075 8.43% $103.25 $101.50 /12,575 1.Od-12 01 dun.2019 1.000,000 Kindred Healthcare Inc 8- 06101/2014 8.250% ($996.250) /1,025,000 $40,792 7.53% $99.63 $102.50 $69,542 8-Nov.12 01 dun.2019 1.000,000 Kindred Healthcare Inc 8- 06101/2014 8250% ($970.000) /1,025,000 $32,313 7.53% $97.00 $102.50 $87,312 24-Jan-13 154eb.2020 1,500,000 Servicernaster Company 8- 02/15/2015 8000% (11.595.625) 11,631,250 $21,667 5.90% $106.38 $108.75 $57,292 254eb.13 154eb.2020 1.000,000 Senricernaster Company 8- 02/15/2015 8000% (11,070.000) /1,087,500 $7,556 5.90% $107.00 $108.75 $25,056 IS-Jun-11 Perpetual 2.500000 Ipmorgan Chase & Co BBB 04/30/2018 7.900% 1$Z702425) $2,888,225 $353,306 4.45% $108.10 $115.53 $539,106 IS-Jun-11 Perpetual 2.500000 Ipmorgan Chase & Co BBB 04/30/2018 7.900% ($Z702,425) $2,888,225 $353,306 4.45% $108.10 $115.53 1539,106 10-Jan.11 Perpetual 2.000,000 Bank Of America Corp BB* 05/15/2018 8.125% ($2,081,180) $2,267,650 $360,660 5.12% $104.06 $113.38 $547,130 30-Jan-12 Perpetual 3.008000 Southern Cal Edison 888- 02(01/2022 6.250% ($2.999.970) 13,353,085 $218229 4.61% $100.00 $111.77 $571,344 27-Jun-12 Perpetual 2.000.000 General (lee Car Ccuo AA 06/5/2022 7.125% ($2,122.920) $2.396.000 $107,667 4.47% $106.15 $119.80 $380,747 PROT0 C I 0 casabas F..vNrn• cassonarsunatin Account Position and MTM Summary (Open Positions) M. Morgan Securities LLC. Current FX & Commodity rates USOMXN USOARS USOCHF 123127 5.1213 0.949 XAUUSD USDKRW USDCAD 1597.5 111135 1.0176 GBPUSD EURUSD USDTRY 1.5199 1.2818 1.810 USD/PY USMIRL USDNOK 99.170 2.0217 58476 ntemational Fined I • intraday Pricing via Bloomberg Trade Maturity Face Amount Date Issue S&P Rating Currency Coupon Principal Cost (S) Market Value (S) Total ant' Accrued (SI Yield to Worst Entry Price Current Price (Local) (Local) MTM 9-Oct-12 02-Nov-2017 500,000 11.0ct-12 02.Nov-2017 1,000,000 Petrokot De Venezuela S Petroleos De Venezuela S 8. e. USD USD &S00% 8500% ($448250) (1897.500) 1487,500 1975,000 120,069 $39,667 9.18% 9.18% 88.05 89.75 97.50 97.50 167,319 6117,167 10-May-12 16.0m-2021 1,500,000 Lloyds Tsb Bank Plc BBB- USD 8875% (11.627.500) 11,1136,150 1131.255 3.33% 108.50 122.41 6339,905 23-Jan-13 05-0m-2022 12,000,000 America Movil Sab De Cv A- MXN 6.450% (11.000,417) 11,030,243 111,528 5.68% 105.75 105.68 137,355 26-Jan-12 15-0m-2035 7,500,000 Republic Of Argentina WA USD 0.000% (11.038.750) $423,750 $469,920 13.85 5.65 11145,080) 13.0ct-10 15-Dec-2035 10,000,000 Republic Of Argentina WA APS 0.000% ($318.000) 515,432 $326,246 12.56 0.79 $.23,678 • . • a • and Asset Backed • Manual Prici -via JPSAor • n Investment Bank Trade Date Maturity Original Face Issue S&P Rating Nest Call Date Coupon Principal Cost (SI Market Value (51 Total PruntInt (5) Entry Price Current Price (Local) (Local) MTM 24-Jan-13 25-Aug-2029 9,551.000 Hmbt 2004-1 IMI CCC l'T 5/2013 1.104% (1562. 7 ) 1564616 54657 56.25 6-Feb-13 2041m3032 5,701.000 Sent 11 B1 CCC 00/20/2013 1.658% (1781319) 1855,120 $11,261 73.75 56.25 81.37 53.000 584,962 5-Nov-12 25-Nov-2032 1,758000 Gmsl 2004-A B3 CCC WA 5.250% (1583.601) 1491,061 564815 80.50 71.61 1531 2251 23-Aug-12 25-Aug-2033 3325.000 Cwhl 2003-26 B1 09/25/2013 5.336% (11.23t224 51.068,955 1184960 77.00 73.23 St& 192 14-Nov-12 25-Apr-2035 10,000,010 Inn 2005.2 IM1 CCC 04/25/2013 0.849% *L165.890 51.144,948 553855 70.00 71.00 536,913 28-Nov-12 25-Feb.2037 8180.000 Chase 2007-41 244 CCC 08/25/2024 2.988% 152.092.809) 11880398 1172,027 88.50 88.00 59.816 Listed Preferred. Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal Cost (S) Market Value (S) Dividends Received (5) Yield to Worst Entry Price (Local) Current Price (Loral/ MTM 18-Nov-10 12/01/2013 8000 General Moton Co WA $50.00 4.75% (1400,000) 1348520 541,008 28.83% 50.00 42.94 1115,972) 9-Dec-10 12/01/2013 63,000 General Moton Co WA $50.00 4.75% 113.185.973) 52,705,220 $314,213 28.83% 50.57 42.94 11166.541) 15.Feb.13 02/01/2016 8000 Cliffs Natural Resources WA $25.00 7.00% (1150.000) 1112,020 $1,021 19.38% 25.00 18.67 ($36,959) 22-Feb.12 02/15/2040 80,000 Gmac Capital Trust I CCC. $25.00 8.13% 151.882.800) 52,175,992 $168111 522% 23.54 27.20 1459,303 15-Jan-13 01/15/2073 25,000 Nextera Energy Capital BBB $25.00 1.00% (1625.000) 1619,250 $5,122 5.04% 25.00 24.77 (5628) 23-Jan-13 Perpetua 20,000 See Trust li B88- $25.00 1.10% (1500.000) $499,800 $2,338 5.14% 25.00 24.99 12,137 3-Feb.12 Perpetua 48600 Ally Financial Inc CCC. $25.00 8.50% 111.002.226) 11.247,948 $92,698 635% 21.51 26.78 1338,420 9.Fels-12 Perpetua 80,000 Ally Financial Inc CCC. $25.00 8.50% 111380.100) 12.142,400 $156,306 635% 22.25 26.78 1518,706 17-Jan-13 Perpetua 27,000 Vornado Realty Trust 888- $25.00 80% (1675.000) $667,170 $3,443 5.47% 25.00 24.71 (54388) 24.0ct-12 Perpetua 40,000 Royal Bk Scotlnd Grp Plc BB $25.00 7.25% (1951.600) $974,400 $24569 7.96% 23.79 24.36 147,369 7-Jan-13 Perpetua 40,000 Royal Bk Scotlnd Grp Plc Royal Bk Scotlnd Grp Plc BB $25.00 7.25% (1977.600) $974,400 19,868 7.46% 24.04 24.36 18668 14-Jan-13 Perpetua 40,000 BB $25.00 7.25% (1995.200) $974,400 5,8,458 7.46% 24.88 24.36 ($12,342) 5.Mar-13 Perpetua 15,000 Public Storage BBB. $25.00 5.20% ($375.000) 1373,800 SO 5.23% 25.00 24.92 (51.200) PROT1 (illobat ten ow. mem (Snmareueltin Current FX & Conintodity rates Forward Contracts Trade Value Date Bought Date 1-Feb-13 6-May-13 14-Mar-13 18-/un-13 28-Mar-13 1-May-13 X Options CHF USD WY Trade Expiration Direction Date 8-Aug-12 08-Oct-13 8-Aug-12 08.07.13 Sold Bought Account Position and MTM Summary (Open Positions) USDMXN 12.3127 USDARS 5.1213 USDCHF 0.949 XAUUSD USDKRW USDCAD 1597.5 1111.35 1.0176 GBPUSD EURUSD USDIRY 1.5199 1.2818 1.810 USD/PY USMIRL USDNOK 94.170 2.0217 58476 • Rates sourced intraday from Bloomberg Notional Sold Notional Fix Date Contract Spot Contract Forward Current Spot Rate Current Albin Forward hITM 6,190,500 5,080,000 925,220,000 CUR KRW CAD 5,000,000 5,581,750,000 10,000,000 1-May-13 14-Jun-13 27-Apr-13 12391 1116.35 92.63 1.2381 111635 92.522 1.21659 1112.29000 92.54450 1.21636 1,114.39170 92.46959 5114,558 (58.786) 55,565 • MTM Modelled via Bloomberg Currency I Type Currency 2 Notional Crarency 2 Type Barrier Type Original Premium (5) Current Premium (5) AY Put Call 10,000,000 10,000,000 Bt.?. CAD CAD Call Put Exp ICI O69.65 (S347,809) 5347.809 I $1,257, SO 5939.338 5347.809 M. Morgan Securities LLC. Total Return Swaps Trade Effective Maturity Date [repeated 3 times] 31-lan-13 3-Fth-13 5-Feb-14 18-Mar-13 18-Mar-13 20-Mar-14 Underlying Shares Rate Spread act/ Notional Accrued Interest Paid Entry Price (Local) Dividends Earned Current Price (Local) MTM Apple Inc 4,430 3mL 1.00% 52.017223.30 (Sisal) $455.31 SO 442.66 1159.920) Kospi Transport Eguipmt 888,972 3mL 0.70% 51,999,999.37 ($600) 2504.92 SO 2.503.22 $1,733 EQ 1 LO Fl f SP Repo MF /ST Derivative Alternative Other /Miscellaneous Totals (4 2013 JIWOnSall Chat 6 co. $65.213 $162,311 5227,525 55,099,544 5705,594 $5,805,138 2012 FOY Open MTM 55.685,131 SO Current Open Mild 56.075,054 SO $1.310,297 (51.497,35S) (5187258) YTD Change in Open MTM $789.913 SO 2013 Closed PIE (5629.449) SO $6.475,054 (1629.449) 55245,605 (2013 Net Performance $160,468 PROT2 (If:;;;JIIC: 0 I II II ie• Account Position and MTM Summary (2013 Closed Positions) M. Morgan StairMel LLC. Trade Date Symbol Shares Company Currency Industry Dividend Cost Basis (5) Yield Entry Price Closing Price Closing Date (Local) (Local) PA. 8-lan-13 CLMT 4,400 Calumet Specialty Products 8-lan-13 SU1C 4,400 Solar Capital Ltd 8-lan-13 Tap 3,200 Tesoro Logistics Lp 15-lan-13 USAC 6,000 Use Compression Partners Lp 16-lan-13 ALNY 2,400 Alnylarn Pharmaceuticals Inc 16-lan-13 ITMN 6400 Intermune Inc 17-lan-13 AVEC/ 2,400 Aveo Pharmaceuticals Inc 17-lan-13 CVRR 1,800 Cyr Refining Lp 18-lan-13 MCP 6,000 Molycorp Inc 18-lan-13 NCLH 1,600 Nonvegian Cruise Line Heidi. 18-lan-13 NTI 5200 Northern Tier Energy Lp 14-Feb.13 ARIA 9,000 Ariad Pharmaceuticals Inc 24-lan-13 BPL 4,000 Buckeye Partners Lp 25-lan-13 BFAM 500 Bright Horizons Family Solut 25-lan-13 MCP 2500 Molycorp Inc 29-lan-13 PNY 6500 Piedmont Natural Gas Co 31-lan-13 KERX 1,500 Keryx Etiopharmaceu6cah 31-lan-13 VNR 3,500 Vanguard Natural Resources 31-lan-13 ITS 25,000 2oetis Inc 1-Feb-13 CHSP 1,500 Chesapeake Lodging Trust 1-Feb-13 NMM 3,500 Navies Maritime Partners Lp 5.Feb-13 EPO 4,000 Enterprise Products Partners 5.Feb-13 8CC 1,000 Boise Cascade Co 7-Feb-13 8CC 3,500 Boise Cascade Co 14-Feb.13 AAA 29,000 Armour Residential Reit Inc 15-Feb 13 CLF 3,000 Cliffs Natural Resources Inc 15-Feb.13 NLSN 8,000 Nielsen Holdings Nv 15-Feb.13 PXO 1,000 Pioneer Natural Resources Co 21-Feb.13 KORS 20.000 Michael Kors Holdings Ltd 21-Feb.13 KMP 3,000 Kinder Morgan Energy Prtnrs 27-Feb.13 AGNC 15,000 American Capital Agency Cor 27-Feb.13 MPW 1,250 Medical Properties Trust Inc 28-Feb.13 DCP 3,500 Dyncorp International Inc-A SMar-13 WP2 2,750 Williams Partners Lp 6-Mar-13 ARI 4,000 Apollo Commercial Real Estat 6-Mar-13 MHO 500 MA Homes Inc 6-Mar-13 O 2000 Realty Income Corp 7•Mar.13 DISCK 1,500 Discovery Communications{ 7•Mar.13 KM 1,500 Kar Auction Services Inc 7•Mar.13 EMU 500 Bankunited Inc 8-Mar.13 PCYC 2500 Pharmacyclics Inc 12-Mar-13 LXP 2,000 Lexington Realty Trust 13-Mar-13 PINY 1,250 Anniel Inc 13-Mar-13 SOYA 600 Heartware International Inc 14-Mar-13 VIPS 1,000 Vspshop Holdings Ltd • Ads 15-Mr-13 TRLA 1,000 Trulia Inc Energy 6.98% ($139,964) $137,452 alan-13 31.81 31.24 ($2.512) Financial 10.22% ($107,360) $105,688 alan-13 24.40 24.02 ($1.672) Energy 3.50% (5133.440) $134,909 9-Jan-13 41.70 42.16 $1,469 Industrial 0.00% ($108.000) $106,260 15-Jan -13 18.00 17.71 ($1.740) winner, Non-cyclic 0.00% ($48.312) $50,040 16.1an-13 20.13 20.85 $1,728 0.00% ($65.340) 166,125 16.1an.13 9.90 10.02 $785 simmer. Non-cyclic 0.00% ($18.000) $17,899 17-Jan -13 7.50 7.46 ($101) Energy 0.00% ($45.000) $45,871 17-Jan -13 25.00 25.48 $871 Basic Materials 0.00% ($114,000) $111,358 18-Jan-13 19.00 18.56 ($2643) Consumer, Cyclical 0.00% ($30.400) $39,328 18-Jan-13 19.00 24.58 $8.928 Energy 17.00% ($127,192) $126,149 18-Jan-13 24.46 24.26 ($1.043) 0.00% ($136,878) $174,408 24-Jan-13 1521 19.38 137,530 Energy 6.79% ($210,160) $208.523 24-Jan-13 52.54 52.13 ($1.637) winner. Non-cyclic 0.00% ($11.000) $13,758 25-Jan -13 22.00 2752 $2.758 0.00% ($15.000) $17,400 25-Jan -13 6.00 6.96 $2400 Utilities 3.77% ($208,000) $207,410 30./an-13 32.00 31.91 ($590) winner. Non-cyclic 0.00% ($12.735) $14,190 31-Jan -13 8.49 9.46 $1,455 Energy 8.55% ($97.475) $96,983 31-Jan -13 27.85 27.71 ($492) 0.58% ($650,000) $786,482 1-Feb-13 26.00 31.46 $136,482 Financial 4.18% ($31.125) $31,559 1-Feb-13 20.75 21.04 $434 Industrial 12.22% ($49.525) $48.859 1-Feb-13 14.15 13.96 ($666) Energy 4.38% ($218.240) $218,072 5-Feb-13 54.56 54.52 ($168) Industrial 0.00% ($21.000) $25,269 6-Feb-13 21.00 25.27 14.269 Industrial 0.00% ($69.510) 169,263 7-Feb-13 19.86 19.79 ($247) Financial 12.88% ($198360) $193,141 14-Feb-13 6.84 6.66 ($5219) 3.16% ($87.000) $89,148 15•Feb-13 29.00 29.72 $2.148 Communications 1.79% ($260,400) $260,654 15•Feb-13 32.55 32.58 $254 Energy 0.06% ($128.000) $130,328 15•Feb-13 128.00 130.33 $2328 0.00% (51.230,000) $1,201,181 21-Feb-13 61.50 60.06 ($28.819) Energy 5.75% ($259,050) $259,377 21-Feb-13 86.35 86.46 $327 Financial 15.25% ($474,450) $473,839 27-Feb-13 31.63 31.59 ($611) Financial 4.99% ($17.813) $17,887 27-Feb-13 1&25 14.31 $75 0.00% ($142,205) $143,357 1-Mar-13 40.63 40.96 $1,152 Energy 6.40% ($135,135) $134,362 5-Mar-13 49.14 48.86 ($773) Financial 9J1% ($68.200) 168.238 6-Mar-13 17.05 17.06 $38 0.00% (111.750) 112.210 6-Mar-13 23.50 24.42 $460 Financial 4.80% ($91.800) $91,078 6-Mar-13 45.90 45.54 ($722) Communications 0.00% ($97.125) $100,438 7-Mar-13 64.75 66.96 13.313 manse,. Non-cyclic 3.79% ($28.875) $29,234 7-Mar-13 19.25 19.49 $359 Financial 328% ($12.625) $12,755 8-Mar-13 2525 25.51 $130 manse,. Non-cyclic 0.00% ($235,000) $235,330 8-Mar-13 94.00 94.13 $330 Financial 5.09% ($23.400) $23,339 12-Mar-13 11.70 11.67 (5611 0.00% ($50.000) $49,949 13-Mar-13 40.00 39.96 (5511 winner. Non-cyclic 0.00% ($51.870) $52,055 13-Mar-13 86.45 86.76 $185 Communications 0.00% ($24.000) $24,609 14-Mar-13 24.00 24.61 $609 Communications 0.00% ($29.7W) $31,009 15-Mar-13 29.75 31.01 $1,259 Equity PA. Equity Syndicate PA. $162,311 5162,311 U.S. Fixed Income Trade Date Maturity Face Amount Issuer S&P Rating Next Call Date Coupon Principal Cost Market Value Total Int. Closing Date Entry Price Closing Price Accrued $122,417 $289,844 Pot 24 Oct 11 IS Feb 2016 1.500,000 Hca Inc 8 Mar.11 01 Mar 2017 2.500,000 American Axle 8 Mfg Inc B N/A N/A 6.500% 7.875% 31530.000 (52.615.625) $2575.000 $1,650,000 24-Jan-13 1-Mar-13 $102.00 I $110.00 $104.63 $103.00 $242,417 $249,219 PROT3 i Cat)lipli i It• .I•I MVO. Ilibillilia Account Position and MTM Summary (2013 Closed Positions) Prepared for Financial Trust as of Mann 29, 2013 M. Morgan Securities LTC. Mort Trade Date Maturity Original Face Issue S&P Rating Next Call Date Coupon Principal Cost (S) Total Int. Arrived (5) Closing Date Entry Price Closing Price (Local) (Local) 11-Sep.12 25.May.2035 8,126,960 Mhl 2005.2 1M1 88. 08/25/2015 0.644% (11.456,134 51,565,282 1104,747 01/20/2013 70.00 79.00 5213,895 Listed Pretends Dividends Entry Price Closing Price Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal Cost (5) Received (5) Closing Date (Local) (Local) 9.lan-13 01/15/2073 15,200 Duke Energy Corp BBB- $2500 S.13% (5380.000) 1383.192 SD 11-Jan -13 25.00 25.21 $3.192 14-Jan-13 01/15/2073 10,800 Duke Energy Corp BBB- $2500 S.13% (5270.000) 5279.282 SO 22-Jan-13 25.00 25 86 $9,282 22-Jan-13 01/29/2053 32,500 General Dec Cap Corp AAE 525.00 4.88% ($812,500) 5811.832 SO 29-Jan-13 25.00 24 98 ($668) 29-Jan-13 Perpetual 47,212 1pinorgan Chase & Co BIM 525.00 S.45% (51.180.300) 51.173864 SO IS Mar-13 25.00 24 86 (16.636) 14-Mar-13 Perpetual 25,000 Interstate Power & Light 888 525.00 S.10% (5625,000) 5624.486 SO IS Mar-13 25.00 24 98 ($514) 29-Jan-13 Perpetual 12,788 1pmorgan Chase & Co 888 525.00 SAS% ($319,700) 5318.237 SO 22 Mar-13 25.00 24 89 (11.463) 7-Feb-13 Perpetual 8,570 Armour Residential Reit WA 525.00 7.88% ($214,250) 5213.553 SO 22 Mar-13 25.00 24 92 ($697) 6-Feb-13 Perpetual 7,000 Genl Growth Properties Bu 525.00 6.38% (1175800) 5173.456 SO 22.Mar.13 25.00 24 78 (11.544) 7-Feb-13 Perpetual 11,430 Armour Residential Reit WA 525.00 788% (1285.750) 5284.862 SO 25.Mar.13 25.00 24 92 ($888) inted Preferred, PLL Listed Prete rreds Syndicate P/L c and Asset Racked 564 564 Forward Contacts Trade Date Value Data 1 Bought Notional Sold Notional Fix Date Contract Spot Contract Forward Closing Date Closing Rate 4-Dec-12 8-Jan-13 822,800,000 CAD 10,000,000 8-Jan-13 82.416 82.28 4-Jan-13 89.17 ($783,578) 18-Dec-12 22-Jan-13 MXN 12,900,000 USD 1,011,828 22-Jan-13 12.7324 123492 17-14w13 12.58 $13,670 17-Jan-13 22-Feb-13 MXN 12,900,000 USD 1,022,438 22-Feb-13 12.5829 12.6169 23-14w13 12.68 (54,843) 2-Nov-12 6-feb-13 CHF 6,025,500 EUR 5,000,000 4-Feb-13 1.207 1.2051 30./an.13 1.23760 (1179,044) 2-Nov-12 6-feb-13 OW 6,025,500 EUR 5,000,000 4-Feb-13 1.207 1.2051 1-Feb-13 1.23910 (1187,307) 4-Jan-13 8-Feb-13 IPY 890,400,000 CAD 10,000,000 4.Feb-13 89.17 89.04 7Feb13 93.5012 ($47&045) 7-Feb-13 12-Mar-13 IPY 933.849.000 CAD 10,000,000 8-Mar-13 93.49 93.3849 6-Mar.13 91.0278 5250,580 6-Mar-13 8-Apr-13 909.100.020 CAD 10,000,000 4-Apr-13 91,039 90.93 03/28/2013 9281220 (II78.777) Cawood anginal Closing Premium Trade Date Expiration Direction Type Notional (ox) Strike Currency Notional Type Closing Date Premium (5) (S) Pn 10-Jul-12 08.Feb-13 Sold L01.1 Put 100,000 79 7,900.000 Call Ogfeln13 S327,000 $0 $327,000.00 10-Jul-12 08.Feb-13 Bought L01.1 Call 100,000 118.5 11,85R000 Put Ogfeln13 ($327,000) $0 (5327,000.0M Commodity Options PIL SO Swa Total Return Trade Date Effective Date Maturity Date Underlying I Shares Rate Spread (bps) Notional Accrued Interest Paid Entry Price Closing Date Dividends Earned Closing Price (Local) Pn 31-Jan-12 3-Feb-12 31-Jan-13 3-Feb-13 5-Feb-13 5-Feb-14 Apple Inc Apple Inc 8,860 4,430 1.00% 1.00% 14,044,412.80 12.017,023.30 (145.959) (13,881) 5456.48 5455.31 31-Jan-13 12-Feb-13 546,958 50 455.31 469.58 (59,367) 159,356 Total Return Swaps PIL S49.989 Total 2013 P/L (5429.449) /C12013 PhSof or Ches. 8 Co. PROT4 G I 0 bbbbb al I u• .•• *an,.boom um. re. Account Position and MTM Summary (2012 Closed Positions) M. Morgan SeCurttleS 11C. Equity Trade Date Symbol Shares Company 1S-Nov-12 AKS 135.000 Ak Steel Holding Corp 1S-Mar-12 ALSN 5,400 Allison Transmission Holding 15-f eb-12 ALNY 4,050 Pinylam Pharmaceuticals Inc 26-Oct-12 ACC 7000 smerican Campus Communitie 11-Jul-12 ACC 5000 smerican Campus Communitie 18-Jul-12 AGNC 9000 American Capita/ Agency Corp 7-Mar-12 AGNC 15,300 American Capita/ Agency Corp It -Dec-12 AIG 20250 American International Group 11-Sep-12 AIG 21.000 American International Group 3-Aug-12 AIG 6.300 American International Group 7-May-12 AIG 5000 American International Group 15-Mar-12 APU 2,500 Arnerigas Partnen-Lp 28-Mar-12 BNNY $00 Anniel Inc 3-0c1-12 ARI 4,500 Apollo Commercial Real Estat 17-Apr-12 AMTG 2,250 Apollo Residential Mortgage 20-Sep-12 ARE% 10,000 Approach Resources Inc 17-Aug-12 ARCC 3,000 Ares Capital Corp 25-Apr-12 ACRE 3,150 Ares Commercial Real Estate 8-Nov-12 AWI 3500 Armstrong World Industries 9-Nov-12 ARRY 11.000 Array Biopharme Inc 4-Dec-12 APL 3500 Atlas Pipeline Partners Lp 20-Nov-12 ARP 3,000 Atlas Resource Partners Lp 29-Nov-12 AVG 1250 Avalonbay Communities Inc 2-f eb-12 AVG 1,800 Avg Technologies 1-f eb-12 CIO t 350 Bancolornbia S.A.-Spens Adr 7-Aug-12 BLMN 1,800 Blecrnin' Brands Inc 4-Oct-12 BWP 2,500 Boardwalk Pipeline Partnen 2-Aug-12 BWP 2,500 Boardwalk Pipeline Partnen 20-Jan-12 BWP 1250 Boardwalk Pipeline Partnen 15-Nov-12 BRP 1,400 Brookfield Residential Prope 22-Mar-12 CSTE 6,750 Caesarstone Sdot-Yarn Ltd 8-May-12 CLMT 2,000 Calumet Specialty Products 3-May-12 CG 5000 Carlyle Group/The 28-Sep-12 CWST 8,000 Casella Waste Systems Inc-A eb-12 CPAC 27.000 :ementos Pacasmayo Saa Ad 4-Apr-12 CLVS 2,475 Oovis Oncology Inc 24-f eb-12 CIE 3,600 Cobalt International Energy 19-Oct-12 CPNO 20,000 Copano Energy Llc-Units 13-Jan-12 CPNO 2,000 Copano Energy Llc-Units 11-Oct-12 OFC 2,000 Corporate Office Properties 2-Mar-12 DPM t 000 Dcp Midstream Partners Lp 5.-Sep-12 Da 9000 Dct Industrial Trust Inc 27-Jun-12 OLR 1250 Digital Realty Trust Inc 6-Jun-12 DG 4,950 Dollar General Corp 28-Mar-12 DG 4,500 Dollar General Corp 30-Mar-12 ONKN 7200 Dunkin' Brands Group Inc 9-May-12 OVA% 18,000 Dynavax Technologies Corp 11-Sep-12 EPB 2,000 El Paso Pipeline Partners Lp 2-Aug-12 ELOC) 2,000 (toque Inc 28-Jun-12 ETP 1500 Energy Transfer Partners Lp 25. Sep-12 EPO 3000 Enterprise Products Partners 27-Jun-12 EOM 2,000 Eqt Midstream Partners Lp 28-Nov-12 EQR 2,000 Equity Residential 10feb-12 EVEP 1,800 Ev Energy Partners Lp 12-Sep-12 ET 2,000 Exacttarget Inc Currency Industry Dividend Yield Cost Basis (5) Closing Date Entry Price (Local) Closing Price (Local) Pit 0.00% (5540.000) 5489,645 15-Nov-12 4.00 3.63 1550.355) 1.00% (5124,200) 5122,580 15-Mar-12 23.00 22.70 (51.620) 0.00% (543.538) 544,352 15-Feb-12 10.7$ 10.95 5814 financial 2.98% (5306.250) 5308,469 26-Oct-12 43.75 44.07 52,219 financial 2.98% (5221,250) 5221,095 11-Jul-12 44.25 44.22 ($155) financial 15.25% (5306,900) 5307,710 18-Jul-12 34.10 34.19 5810 financial 15.25% (5449,055) 5449.499 8-Mar-12 29.35 29.38 5444 financial 0.00% (s'es,125) 5697,795 11-Dec-12 32.50 34.46 539,670 financial 0.00% (5682.500 5691,089 11-Sep-12 32.50 32.91 $03.589 financial 0.00% (5192,150) 5199,609 6-Aug-12 30.50 31.68 57,459 financial 0.00% (5152.500) 5152,645 7-May-12 30.50 30.53 5145 7.12% (5103,125) 5101,378 16-Mar-12 41.2$ 40.55 (51.748) 0.00% (59.500) 515,656 28-Mar-12 19.00 31.31 56,156 financial 9.11% (576.410) 575,699 3-Oct-12 16.98 16.82 ($711) financial 12.57% (541.063) 540,36S 17-Apr-12 18.25 17.94 ($698) Energy 0.00% (5305000) 5292,440 20-Sep-12 30.50 29.24 (512.560) financial 8.40% (530.430) 550,400 17-Aug-12 16.81 16.80 (530) financial 5.91% (558.275) 556,543 26-Apr-12 18.50 17.95 (51.733) Industrial 0.00% (5178.500) 5178,910 8-Nov-12 51.00 51.12 $410 'miner. Non-cyclic 0.00% (540.150) 538,522 9-Nov-12 3.65 3.50 ($1,628) Energy 6.71% (5108.500) $107,937 5-Dec-12 31.00 30.84 (5564) Energy 7.93% (569.030) 568.007 21-Nov-12 23.01 22.67 (51.023) financial 3.38% (5162,500) 5166,153 29-Nov-12 130.00 132.92 53,653 Technology 0.00% ($28.800) $23,958 2-Feb-12 16.00 13.31 (54.842) financial 2.61% (581.000) 581,707 1-Feb-12 60.00 60.52 $707 0.00% (519.863) $21375 8-Aug-12 11.00 11.88 $1,575 Energy 7.27% ($67.475) 566,975 4-Oct-12 26.99 26.79 (5500) Energy 7.27% (569.500) 568.018 2-Aug-12 27.80 27.21 (51.483) Energy 727% (534.438) $33,899 20-Jan-12 27.55 27.12 (5539) 0.00% ($20.286) $20,286 15-Nov-12 14.49 14.49 50 Industrial 0.00% (574.250) 574,378 22-Mar-12 11.00 11.02 5128 Energy 6.98% (551.000) 548A98 8-May-12 25.50 24.25 (52.502) financial 11.24% (5110,000) 5109,905 3-May-12 22.00 21.98 (5951 Industrial 0.00% (532.000) $33,904 28-Sep-12 4.00 4.24 51,904 Industrial 1.17% (5310,500) 5295731 8-Feb-12 11.50 10.95 1514.769) 'miner, Non-cyclic 0.00% (549.500) 549,978 4-Apr-12 20.00 20.19 $478 Energy 0.00% ($100,800) 5107,600 24-Feb-12 28.00 29.89 56,800 Energy 5.68% (5642.600) 5635,560 19-Oct-12 32.13 31.78 (57.040) Energy 5.68% ($68.060) 567,668 13-Jan-12 34.03 33.83 (5392) financial 4.12% (549.500) 551,190 11-Oct-12 24.7$ 25.60 51,690 Energy 5.92% (547.420) 546,899 2-Mar-12 47.42 46.90 (5521) financial 3.78% (555.800) 556,700 5-Sep-12 6.20 6.30 $900 financial 4.66% ($90.313) $90,850 27-Jun-12 7225 72.68 5538 0.00% ($231,413) 5235,303 6-Jun-12 46.75 47.54 53,891 0.00% (5203625) 5203,823 28-Mar-12 4525 45.29 5198 2.06% (5212.400) 5211,788 30-Mar-12 29.50 29.42 (5612) 0.00% (576.500) $71,910 9-May-12 4.25 4.00 (54.590) Energy 5.56% ($68.680) $68A78 11-Sep-12 34.34 34.24 (5202) Technology 0.00% (523.000) 525,976 2-Aug-12 11.50 12.99 52,976 Energy 7.05% ($66.855) $64,995 28-Jun-12 44.57 43.33 (51.860) Energy 4.38% (5159,210) 5161,097 2S-Sep-12 53.07 53.70 51,887 Energy 3.61% (542.000) 545784 27-Jun-12 21.00 22.89 $3,784 financial 2.90% (5109,500) 5111,258 29-Nov-12 54.75 55.63 51258 Energy 5.62% (5122,310) 5122.783 10-Feb-12 67.95 68.21 5473 Communications 0.00% (545.000) 546,446 12-Sep-12 22.50 23.22 51.446 PROT5 C I 0 t. lllll Ai 6uvmrn. t bbbbbbbb ourub. ■. Morgan Securities 1.1.C. 22-Mar-12 ET 750 Ex.xttarget Inc 29-Feb-12 EXLP 2,250 Exterran Partners Lp 17-May-12 F8 17.500 Facebook Inc-A 11-Sep-12 FSC 7,000 Filth Street Finance Corp 29-Feb-12 FRC 3,375 First Republic Bank/Ca 12-Apr-12 FET 1,013 Forum Energy Technologies Ir 18-Apr-12 FRAN 1,500 Francesca% Holdings Corp 27-Jan-12 FRAN 3,150 Francesca% Holdings Corp 30-Mar-12 GLOG 5,400 Gaslog Ltd 14-Sep-12 GWR 2,000 Genesee & Wyoming Inc.CI A 21-Jun-12 GNMK 9,000 Genmark Diagnostics Inc 8-Nov-12 GNC 6,000 Gnc Holdings Inc-Cl A 14-Mar-12 GNC 5,400 Gnc Holdings Inc-Cl A 13-Dec-12 GPK 1,000 Graphic Packaging Holding Cc 2-Feb-12 GWAY 1,800 ireenway Medical Technologi 26-Sep-12 BSMX 4,000 Grupo Fin Santander-Adr 8 19-Apr-12 GWRE 1,500 Guidewire Software Inc 25-Jan-12 GWRE 1,125 Guidewire Software Inc 19-Sep-12 HCN 5,000 Health Care Reit Inc 7-Aug-12 HCN 2,750 Health Care Reit Inc 22-Feb-12 HCN 4,950 Health Care Reit Inc 25-Sep-12 HR 4,000 Healthcare Realty Trust Inc 11-ljec-12 HT2 6,000 Hertz Global Holdings Inc 5-Apr-12 NOV 20,250 Hovnanian Enterprises.A 2-Aug-12 IDIX 15,750 Idenix Pharmaceuticals Inc 13-Dec-12 INA 1,000 Infinity Pharmaceuticals Inc 9-Aug-12 INF t 2,250 Infinity Pharmaceuticals Inc 10-Feb-12 IRWD 1,900 Ironwood Pharmaceuticals Inc 6-Dec-12 KM 1,500 Kar Auction Services Inc 8-Aug-12 KRC 2,000 Kilroy Realty Corp 8-Aug-12 KMR 2,700 inder Mangan Management L 11-Oct-12 KYTH 1,200 Kythera Biopharmaceuticals I 12-Oct-12 LPI 2,475 Laredo Petroleum Holdings In 18-Oct-12 LXRX 20,000 Lexicon Pharmaceuticals Inc 12-Oct-12 LNCO 1,200 Linn Co Llc 12-Jan-12 UNE 4,000 Linn Energy tic-Units 1.May-12 LPLA 3,600 Lpl Financial Holdings Inc 1-Mar-12 LUFK 1,025 Lufkin Industries Inc 6-Sep-12 MHO 4,000 AM Homes Inc 10-Aug-12 MAW 2,925 Manchester United Plc.CI A 23-Feb-12 MKTX 2,250 Marketaxess Holdings Inc I -Feb-12 MPW 22,500 Medical Properties Trust Inc 29-Mar-12 MACK 3,000 Merrimack Pharmaceuticals In 23-Mar-12 KORS 9,000 Michael Kon Holdings Ltd 25-Oct-12 MPLX 2,500 Mplx Lp 7-Mar-12 NSM 2,000 Hationsts Mortgage Holding 3.May-12 NMM 3,000 Navies Maritime Partners Lp 25-Oct-12 NAV 2,000 Navistar International Corp 20-Mar-12 NLSN 7,650 Nielsen Holdings Nv 26-Jul-12 NTI 5,500 Northern Tier Energy Lp 2.Feb-12 NG 11.250 Novagold Resources Inc 5-Sep-12 NS 4,000 Nustar Energy Lp 11-Apr-12 OAK 1,000 Oaktree Capital Group Uc 28-Feb-12 OKS 1,350 Oneok Partners Lp 3-May-12 ROYT 45,000 Pacific Coast Oil Trust 25-Sep-12 PNNT 3,000 Pennantpark Investment Gaga 5-Mar-12 POM 4,950 Pepco Holdings Inc 8-Aug-12 PSMI 1,000 Peregrine Semiconductor Corp 15-May-12 PETD 1,000 Pdc Energy Inc 6-Mar-12 PAA 1,000 Plains All Amer Pipeline Lp 9-Nov-12 PVR 5,000 Pvr Partners Lp 7-Dec-12 QRE 2,500 Qr Energy Lp 11-Apr-12 QRE 2,700 Qr Energy Lp 8-Mar-12 OLP/ 1,250 Quality Distribution Inc 28-Sep-12 QLYS 1,000 Qualys Inc 17-May-12 PST 2,500 Ramco-Gershenson Properties 15-Feb-12 R/F 3,150 Raymond lames Financial Inc Communications 0.00% (514,250) 517,276 22-M3r.12 19.00 23.00 $3,026 Energy 7.80% ($64.113) 553,168 29-Feb-12 24.05 23.63 ($945) Communications 0.00% ($665,000) 5309,405 3.Atig.12 38.00 19.97 (5315,5%1 Financial 10.43% (575.530) 574,753 11-Sep-12 10.79 10.68 ($777) Financial 1.04% ($101,250) $101,675 29-Feb-12 30.00 30.13 $425 Energy 0.00% (520,260) $22,220 12-Apr-12 20.00 21.90 $1,960 0.00% ($41400) 542,185 18-Apr-12 27.60 28.12 $785 0.00% (572.450) $72,765 27-Jan-12 23.00 23.10 $315 Industrial 3A3% (575.600) 5.68.872 30-Mar-12 14.00 12.75 (56.728) Industrial 0.00% ($129,500) $132.182 14-Sep-12 64.75 66.09 $2,682 'mimeo% Non-cyclic 0.00% (537.800) 537,899 21-Jun-12 0.20 4.21 $99 1.53% ($211,200) 5211,284 B.Nov.12 35.20 35.21 $80 1.53% ($180,900) 5180,517 14-Mar-12 33.50 33.43 ($383) Industrial 0.00% (56,100) 56,100 13-Dec-12 6.10 6.10 50 Technology 0.00% (518.000) 521,672 2-Feb-12 10.00 12.00 53.672 Financial 0.00% (548.740) 550,440 26-Sep-12 12.19 12.61 51.700 Technology 0.00% (542.375) 544,075 19-Apr-12 28.25 29.38 51.700 Technology 0.00% (514.625) 518.740 25-Jan-12 13.00 16.66 $0,119 Financial 4.51% ($280,000) 5286,350 19-Sep-12 56.00 57.27 56,350 Financial 4.51% ($161,563) 5162,269 7-Aug-12 58.75 59.01 5707 Financial 4.51% ($264,825) $264,701 22-Feb-12 53.50 53.48 ($124) Financial 4.23% (591,400) 592,852 25-Sep-12 22.85 23.21 $1,452 'Fawner, Non-cyclic 0.00% (594,800) 593,708 11-Dec-12 15.80 15.62 (51.092) 0.00% (540,500) 539,994 5-Apr-12 2.00 1.98 (5506) 'Fawner, Non-cyclic 0.00% ($126,000) $125,465 2-Aug-12 8.00 7.97 (5536) snsLener, Non-cyclic 0.00% (526,330) 527,932 13-Dec-12 26.33 27.93 $1,602 0.00% (532.625) 533,525 9-Aug-12 14.50 14.90 $900 0.00% ($28.671) 529,767 10-Feb-12 15.09 15.67 51,0% 3.79% ($26.250) 526,580 6-Dec-12 17.50 17.72 5330 Financial 2.67% (592,200) 592,740 8-Aug-12 46.10 46.37 5540 Energy 0.00% (1198.050) $197,702 8-Aug-12 73.50 73.22 ($748) 0.00% (519.200) 521,383 11.0ct.12 16.00 19.49 $0,183 Energy 0.00% ($50,119) 552,421 12-Oct 12 20..25 21.18 52,302 snuffler, Non-cyclic 0.00% (545,000) $44,000 18.0ct.12 2.25 2.20 (51.000) Energy 7.27% ($43,800) $45,299 12.0ct.12 36.50 37.75 $1,499 Energy 7.64% ($143,800) $143,228 13-Jan.12 35.95 35.81 ($572) Financial 1.67% ($124,200) $124,700 2-May-12 34.50 34.60 $500 Energy 0.75% ($81,231) $82,104 1-Mar-12 79.25 80.10 $872 0.00% (570,520) $73,116 6-Sep-12 17.63 1818 52,5% 0.00% ($40.950) $40,883 10-Aug-12 14.00 13.98 (5671 Financial 1.39% ($68,625) $71,687 23-Feb-12 30.50 31.86 $3,062 Financial 4.99% ($219,375) $220,275 2-Feb-12 9.75 9.79 $900 'intoner, Non -cyclic 0.00% ($21,000) $18.600 29-Mar-12 7.00 6.20 (52.400) 0.00% ($423,000) 5422,991 23-Mar-12 47.00 47.00 (59) Energy 1.89% (555,000) 564,988 26 Oct-12 22.00 26.00 $9,988 Financial 0.00% (528,000) 527,040 8-Mar-12 14.00 13.52 ($960) Industrial 12.22% (547,040) $46,590 3-May-12 15.68 15.53 ($450) 0.00% (537.500) 536,900 25-Oct-12 18.75 18.45 ($600) Communications 1.79% ($231,413) $233,876 21-Mar-12 30..25 30.57 $2,463 Energy 17.00% (577,000) $78.177 26-Jul-12 14.00 16.21 $1,177 0.00% ($106,875) $105,188 2-Feb-12 9.50 9.35 (51.688) Energy 8.21% ($195,760) $194,832 5-Sep-12 48.94 48.71 ($928) Financial 8.23% (543,000) 542,329 12-Apr-12 43.00 42.33 ($671) Energy 4.97% ($80,015) 579,549 28-Feb-12 59..27 58.93 ($466) Financial 8.75% ($900,000) $898,290 3-May-12 20.00 19.96 ($1,710) Financial 9.92% (532,460) $32,190 2S-Sep-12 10.82 10.73 ($270) Utilities 5.05% (595,288) 596,030 6-Mar-12 19..25 19.40 $743 Technology 0.00% (514,000) 514,530 8-Aug-12 14.00 14.53 $534 Energy 0.00% (526,500) 526,050 16-May-12 26.50 26.45 (550) Energy 3.98% (580,030) 579,091 6-Mar-12 80.03 79.09 ($939) Energy 9.13% ($115,550) $113,415 9-Nov-12 23.11 22.68 ($2,135) Energy 11.03% (540,600) 539,650 7-Dec-12 16.24 15.86 ($950) Energy 11.03% ($51,786) 551,620 12-Apr-12 19.18 19.12 ($162) Industrial 0.00% (516,250) $16,650 8-Mar-12 13.00 13.32 $400 Technology 0.00% (512,000) $11,950 28-Sep-12 12.00 11.95 (550) Financial 4.01% ($30.250) $29,750 17-May-12 12.10 11.90 ($500) Financial 1.21% ($107,100) $109,529 15-Feb-12 34.00 34.77 $2,429 PROT6 C I Global levprrar Onpertunitin Account Position and KIM Summary (2012 Closed Positions) M. Morgan Securities tiC. 11.Oct-12 MAY 7,200 Realogy Holdings Corp USD Financial 0.00% ($194,900) 5238,183 11-Oct-12 27.00 33.08 543383 19-Mar-12 RF 25,000 Regions Financial Corp USD Financial 1.97% ($147,500) 5149A00 14-Mar-12 5.90 5.99 52,300 5-Apr-12 RPAI 7,650 Retail Properties Of Arne -A USD Financial 4.98% (561.200) $66,180 S•Ap•12 8.00 8.65 54.980 PROT7 C I 0 Global havaitemost Onoortmatta. Account Position and NITM Summary (2012 Closed Positions) Prepared for Financial Trust as of March 29, 2013 3.0ct-12 RIGL 2,000 Rigel Pharmaceuticals Inc 8-Feb-12 RNDY 22,500 Roundy'S Inc 8-Mar-12 SBAC 1,500 ba Communications Corp Cl la-Dec-12 SBY 1,500 Silver Bay Realty Trust Corp 9.44ar-12 SPG 2,250 Simon Property Group Inc 11-Dec-12 SE 4,000 Spectra Energy Corp 19-Jul-12 SPUR 2,000 Splunk Inc 18-Apr-12 SPUR 500 Splunk Inc 8-Aug-12 SPI4 2,000 Suburban Propane Partners Lc 15.Nov-12 NGLS 4,000 Targa Resources Partners Lp 18-Jan-12 NGLS 1,250 Targa Resources Partners Lp 5-Sep-12 TGP 2,000 Teekay Lng Partners Lp 20-Sep-12 TRLA 800 Trulia Inc 9-Nov-12 TUMI 1,500 Tumi Holdings Inc 19.Appl2 TUMI 700 Turni Holdings Inc 13-Jul-12 TWO 11,250 Two Halton Investment Corp 22-Feb-12 TWO 9,000 Two Harbors Investment Corp 11-Jan.12 TWO 13,725 Two Harbors Investment Corp 10•May-12 ULTA 2,700 Ulta Salon Cosmetics 8 Fragr 14-Nov-12 MWE 3,000 Markwest Energy Partners Lp 14-Aug-12 MWE 1,100 Markwest Energy Partners Lp 12.Sep.12 VNR 2,500 Vanguard Natural Resources 7-Dec-12 VNTV 5,000 Vantiv Inc 0 A 3-Aug -12 VNTV 2,500 Vantiv Inc 0 A 22-Mar-12 VNTV 4,500 Vantiv Inc 0 A 1-Mer-12 WUS 7,200 Vivus Inc 7-Sep-12 VCRA 2,750 Vocera Communications Inc 28-Mr-12 VCRA 750 Vocera Communications Inc 11-May-12 WVAANV 3,000 Group Inc 28-Sep-12 WMC 3,500 Western Asset Mortgage Capi 10-May-12 WMC 2,250 Western Asset Mortgage Capi 5-Dec-12 WNF 5,175 Whitehorse Finance Inc 26.0ct-12 WWAV 2,500 Whitewave Foods Co -A 23-Mar-12 WN2 2,250 Whiting Usa Trust li 13-Dec-I2 W1.18 1,000 Williams Cos Inc 8-Aug-12 WP2 1,000 Williams Partners Lp 4-Apr-12 WP2 1,000 Williams Partners Lp 25-Jan-12 WP2 3,000 Williams Partners 1p 12-0c1-12 WDAY 900 Workday Inc-Class A 20-Jan-12 ZIOP 6,750 bopharm Oncology Inc n -Ma r -12 DIGO. 3,600 Zynga Inc Cl A 22-Jun-12 CPICO/T 7,500 Cencowd Sa-Sponsored Adr Morgan Securities MX. onsumer, Non-cyclic 0.00% ($19.000) 518,936 3-Oct-12 930 9A7 ($64) 732% (5191.250) $196,898 8-Feb-12 8.5D 8.75 $5.648 Communications 0.00% ($71.250) $71,957 8.Mar-I2 47.50 47.97 $707 Financial 0.19% ($2Z750) $28,065 14-Dec-12 1830 18.71 $315 Financial 2.90% ($308,250) $308,023 9-Mar-12 137.00 136.90 ($227) Energy 3.97% ($107,000) $108,756 12-Dec-12 26.75 27.19 $1.756 Communications 0.00% (556.500) $57,542 20-Jul-12 2825 28.77 $1042 Communications 0.00% (50,500) $15,650 19-Apr-12 17.00 31.30 $7,150 Energy 7.86% ($75.220) $73,854 9-Aug-12 37.61 34.93 ($1,366) Energy 5.91% ($144,000) $141,116 16-Nov-12 36.00 35.28 ($2,884) Energy 5.91% ($47.875) 148.011 18-Jan-12 3830 32.41 $136 Industrial 6.52% ($76.860) $75,798 5-Sep-12 38.43 37.90 ($1,062) Communications 0.00% ($13.600) 518,981 20-Sep-12 17.00 23.73 55,381 0.00% ($31.650) $31,596 9-Nov-12 21.10 21.06 ($54) 0.00% ($12.600) $17,991 19-Apr-12 1800 25.70 55,391 Financial 10.16% ($117,450) $119,025 13-Jul-12 10.44 10.58 $1,575 Financial 10.16% ($99.100) $89,460 22-Feb-12 9.90 9.94 $360 Financial 10.16% ($125,958) $125,721 11-Jan-12 9.17 9.16 ($137) 0.00% ($226,400) $231,725 10-May-12 84.00 85.82 $4.925 Energy SAO% ($139,500) $142,131 14-Nov-I2 46.50 47.38 $2,631 Energy SAO% ($55.792) $55,629 14-Aug-12 50.72 50.57 ($163) Energy 855% ($68.775) $68,498 12-Sep-12 27.51 27.40 ($278) 0.00% ($100,500) $104,360 7-Dec-12 20.10 20.87 53,860 0.00% ($54.750) 155,033 3.4.org-12 21.90 22.01 $283 0.00% ($76.500) $85,127 22-Mar-12 17.00 18.92 $8627 on:tomer. Non-cyclic 0.00% ($162,000) $164,707 1-Mar-12 2150 22.88 52.707 Technology 0.00% ($79.063) $80,930 7-Sep-12 2835 29.43 $1,876 Technology 0.00% ($12.000) $17,382 28-Mar-12 1600 23.18 55,382 Communications 0.00% ($45.750) 145,204 11-May-12 1525 15.07 ($546) Financial 15.49% (577.700) 578,012 28-Sep-12 2220 22.29 $312 Financial 15.49% ($45.000) $41,765 10-May-12 2000 18.56 ($3,236) Financial 897% ($77.625) $71,736 5-Dec-12 15.00 13.86 ($5,889) 0.00% ($4Z500) $43,170 26-Oct-12 17.00 17.27 $670 Energy 17.95% ($45.000) $49,518 23-Mar-12 2000 22.01 $4518 Energy 3.62% ($31.000) $31,349 13-Dec-12 31.00 31.35 $349 Energy 6A0% ($51430) 150,769 8-Aug-12 51.43 50.77 ($661) Energy 6.40% ($54.560) $54,149 4-Apr-12 5A56 54.15 ($411) Energy 680% ($188,430) $187,581 25-Jan-12 62.81 62.53 ($849) Tedwology 0.00% ($25.200) $41,766 12-Oct-12 2800 46.41 $16566 0.00% ($35.100) $34,452 20-Jan-12 520 5.10 ($648) Communications 0.00% ($43.200) $44,784 29-Mar-12 12.00 12.44 $1.584 0.00% (51 17.096) $116,768 22-Jun-12 15.61 15.57 ($328) U.S. Mad Income Total ion. Trade Date Maturity face Amount Issuer SIP Rating Next Call Date Coupon Principal Cost Market Value Accrued Closing Date Entry Price Closing Price PL 7-Nov-11 31-Dec-2013 1,000,000 American Capital Ltd NR N/A 7.960% 1$1.011,000) 51,000,000 $63,017 22-Aug-12 $101.10 $100.00 652,017 12-Jan-12 31-Dec-2013 1,000,000 American Capital Ltd NR N/A 7.960% (51.020,000) 51,000,000 $48,644 22-Aug-12 $102.00 $100.00 $28,644 23-Apr-10 02.May.2016 1,123,608 Cit Group Inc 80- N/A 7.000% (51.061,809) 51,123,608 5188,766 17-Sep-12 $94.50 $100.00 $250,565 23-Apr-10 02.May.2016 2,886,675 Cit Group Inc 88- N/A 7.000% ($2.727,908) 52,886,675 $478226 S-Sep-12 $94.50 $100.00 $636,993 23-Apr-10 02.May.2016 989,717 Cit Group Inc 88- WA 7.000% ($935,283) $989,717 $161269 21-Aug-12 $94.50 $100.00 $215,703 17-Mar-le 02.May.2017 959,777 Cit Group Inc 88- WA 7.000% ($885,394) $959,777 $165,722 S-Sep-12 $9225 $100.00 $240,104 17-Mar-le 02-May.2017 1,236549 Cit Group Inc 88- WA 7.000% (51.140,717) 51,236.549 $191,871 5-Jun-12 $9225 $100.00 $287,704 1744ar-10 02-May.2017 303,674 Cit Group Inc 88- WA 7.000% ($280,139) $303,674 $45231 3-May-12 $9225 $100.00 $68,765 15-Jul-11 07-Aug.2012 1,000,000 Deutsche Bank Ag London N/A WA 0.000% (51.000,000) $617,830 SD 7-Aug-12 $100.00 561.78 (6382.170) 25-Jun-10 01-0c1-2014 1,547,333 Felcor Lodging Lp 8s WA 10.000% (51.628,568) 51,734.947 5256,599 22-Feb-12 $105.25 $112.13 $362,979 28-Jun-10 01-Oct-2014 773,667 Felcor Lodging Lp B. WA 10.000% (5814.284) $867,474 5127,655 22-Feb-12 $105.25 $112.13 $180,845 15-Sep-10 15-Apr-2015 1,200,000 Ford Motor Credit Co Lk BB. WA 7.000% (51.278,000) 51,308,000 $129,967 2-Apr-12 $106.50 $109.00 $159,967 20-Jun-12 09-Jul-2013 3,000,000 Goldman Sadn Group Inc WA WA 0.000% (53.000,000) 53,162,000 SD 24-Sep-12 $100.00 $105.40 $162,000 26-Oct-11 09.Nov-2012 1,000,000 Mix Usa Inc WA WA 0.000% (51.000,000) 51,097,500 SD 941en-12 $100.00 $109.75 $97,500 14-Feb-12 17-May-2013 5,000,000 Mix Usa Inc WA WA 0.000% (55.000,000) $5,315,000 SD 24-Sep-12 $100.00 $106.30 $315,000 21-Jul-10 22-Jul-2013 2,500,000 Jpmorgan Cease 8 Co WA WA 0.003% ($2,512,500) 54,469.250 SD 28-Nn-12 $100.50 $178.77 51,956,750 9-Dec-10 16.Jun-2012 3,000,000 Morgan Stanley WA WA 0.000% (53.000,000) 54,058,970 $0 Ia./m.12 $100.00 $135.30 $1,058,970 13-Jan-11 26-Jul-2012 2,000,000 Morgan Stanley WA WA 0.000% ($2,000,000) 51,019,780 SO 26-Jul-12 $100.00 $50.99 (5980.220) PROT8 C I 0 Global liniment Ounsertunitio. Prepared for Financial Trust as of March 29, 2013 ■. Morgan Securities LLC. 1444cm12 15.Jun-2043 600,000 Prudential Financial Inc BBB* 06/15/2023 5.625% ($599,964) $601,500 12.063 6.Efec-12 $99.99 $100.25 $3,599 7-Feb-12 08.1an.2015 1,000,000 Royal Bk Scottnd Grp Plc BB. N/A 5.050% ($966,000) 11,030,000 $36,051 24-0et.12 $96.60 $103.00 $100,051 3-Aug-11 07-Feb-2013 2,000,000 Sg Structured Products N/A N/A 0.000% (52.000,000) 12,211,600 10 23•Aug12 $100.00 1110.58 $211,600 16-Mar11 20.Jun-2012 5,000,000 Sg Structured Products N/A N/A 0.000% (15.000,000) 15,277,500 10 14.Feb-12 $100.00 1105.55 $277,500 30-Jan•12 Perpetual 2,030,000 Southern Cal Edison BBB- 02/01/2022 6250% (11,983,320) 12,035,000 $10,069 29•Feb-12 $99.17 $101.75 161,749 11Jan•12 Perpetual 325,000 Southern Cal Edison BBB- 02/01/2022 6250% (1324.604) $326,625 1451 19dan•12 $99.88 $100.50 $2,473 U:S. Fixed Income RI S!...169,08/ PROT9 010 lad,Imml I ts• 01,..nlisi.1.1.• Prepared for Financial Trust as of March 29, 2013 M. Morgan Securities U.C. International Fixed Income Trade Date Maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (S) Market value (5) Total int. Accrued IS) Closing Date Entry Price Closing Price (Local) (Local) 9-Feb-12 Perpetual 300,000 Braskon finance Ltd 111111. USD 7.375% ($301,125) 5301,140 $3,626 10-Apr-12 100.38 100. 53.641 Muni Bonds Non Taxable Trade Date Maturity Face Amount 20.Jun-12 1Glun-2034 1.000,000 8-Mar-12 8-Mar12 1.000,000 164eb.12 8-Mar12 1,000,000 Issue Nyc Mun Wtr/Sm fl Pr-Ref-A Pr Aqueduct-A-Sr Lien S&P Rating Next Call Date 06/15/2022 07/01/2022 07/01/2022 Coupon 3.750% 5.125% 5.250% Principal Cost IS) (5988.170) (5982.500) (5974,740) Market value (5) 5984,500 5986,500 5982,700 Total Int. Accrued IS) $0 Closing Date 21 -Jum12 21-Jun12 16 f eL 12 Entry Price (Local) 98,82 98.25 97.47 Closing Price (Local) 98.45 98.65 98.27 Pit (53,670) $A000 57,960 and Asset Sacked Trade Date Maturity Original Face Issue S&P Rating Next Call Date Coupon Principal Cost (S) Market value (5) Total int. Accrued (5) Closing Date Lntry Price Closing Price (Local) (Local) PA. 13-Sep'12 25-Dec-2034 3,275,000 Wfmbs 2004.6e 81 CCC 01/25/2016 2.750% ($1,493,827) 51,629,095 $28,900 29 Nov.12 7235 80.00 $164.168 12-Apr-12 20-1u1.2036 6,000,000 Bale 2006.G 2A5 CCC 07/20/2020 0.483% (51.647,559) 51,736,477 $161,166 29 Nov.12 65.00 73.00 $250.084 18.Jun-12 25.Jan.2037 2,081,519 Roams 2007.12Al2 CCC 03/25/2018 6.000% 151,16%0061 $1,199,332 $81,684 4 Oct 12 57.00 60.00 $116.010 15-Aug.12 25.14ov-2034 10,000,000 Bsabs 2004-Ac6 MI CCC 06/25/2013 0.874% (51,051,316) $1,175,593 $84,429 Salov12 47.00 54.50 $208.707 31alay.12 25-Feb-2035 3,364,000 Corsi 20051 82 09/25/2014 5.417% (51,719,986) $1,678,898 $201,537 a-Nov.12 83.00 87.50 $160.449 13-Aug.12 25.Jun-2033 3,412,000 Malt 2003483 CCC 12/25/2014 5.845% (51,033,474) 51,153,36$ 5115,797 B.Nov.12 61.00 72.00 $235.688 24tpr-12 20-Apr-2033 8,000,000 Semi 2003-1 81 B 04/20/2013 1.523% (51,076,153) 51,204,376 $58,183 13.Aug.12 60.00 69.00 $186.405 Listed Pretends Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal Cost (S) Dividends Received (5) Closing Date Entry Price (Local) Closing Price (Local) PA. 24-Jan-12 1 20,000 Aegon Nv 888 $25.00 8.00% ($500,000) 5499,000 $0 7-Feb-12 25.00 20.95 ($1,000) 844ar.12 Perpetual 37,000 Alexandria Real Estate E 88 $25.00 6.45% ($925,000) 5902,060 $0 29-Mar-12 25.00 20.38 ($22,940) 2944ar-12 Perpetual 28,000 American Capital Agency N/A $25.00 8.00% ($700,000) 5701,288 $0 16-Apr-12 25.00 25.05 $1,288 7-Jun-12 06/12/2042 10,000 American financial Group BBB* $25.00 6.38% ($250,000) 5250,880 $0 19-Jun-12 25.00 25.09 $880 6-Sep-12 Perpetual 27,000 AnnelleCapital Mgmt N/A $25.00 7.50% ($675,000) $671,733 $0 18-9 9'12 25.00 24.88 ($3.267) 6-Sep-12 Perpetual 25,000 Annaly Capital Mgmt N/A $25.00 7.50% ($625,000) $621,225 $0 14-Sep-12 25.00 20.85 ($3,775) 9-May-12 Perpetual 11,291 N/A $25.00 7.63% ($282,275) 5279,170 $2,690 14-Jun.12 25.00 24.73 ($415) 9-May-12 Perpetual 46,712 N/A $25.00 7.63% (51,167,800) $1,153,880 511,131 13-Jun.12 25.00 24.70 ($2,790) 9-May-12 Perpetual 34,997 WA $25.00 7.63% ($874,925) $863,376 58,339 12-Jun.12 25.00 24.67 (53,210) 9-May12 Perpetual 35,890 WA $25.00 7.63% ($897,250) $886,591 58,552 19.1en.12 25.00 24.70 ($2,107) 9-May12 Perpetual 41.110 N/A $25.00 7.63% 151.027,750) $1,016,609 $9,796 7-Jun-12 25.00 24.73 (5045) 13-Sep.12 Perpetual 15,000 Apollo Residential Mtge N/A $25.00 8.00% ($375,000) 5375,570 $0 25-Sep-12 25.00 25.04 $570 13-Sep12 Perpetual 10,000 Apollo Residential Mtge WA $25.00 8.00% ($250,000) 5250,390 $0 25-Sep-12 25.00 25.04 $390 12-Sep.12 Perpetual 51,000 Bank Of New York Mellon 888 $25.00 5.20% 151,275,000) $1,260,873 $0 25-Sep-12 25.00 24.72 ($14.127) 13..lare 1 1 Perpetual 39,250 Barclays Bank Plc 888 $25.00 8.13% (51,002,563) $1,013,749 $139,521 190ct.12 25.54 2543 $150,708 13Aut12 Perpetual 40,000 Capital One financial Co 88. $25.00 6.00% 151,000,000) 5995,720 $0 14-Sep-12 25.00 2429 ($4,280) 285ep12 Perpetual 15,000 Cbl & Associates Prop N/A $25.00 6.63% ($375,000) 5376,635 $0 8.0c1-12 25.00 25.11 $1,635 PROT10 Account Position and KIM Summary (2012 Closed Positions) 10-Jul-12 Perpetual 36,833 Chesapeake Lodging Trust WA 125.00 7.75% (/920,825) 1925,171 SO 27-Jul-12 25.00 2512 14.346 10-Jul-12 Perpetual 6,140 Chesapeake Lodging Trust WA $25.00 7.75% (1153500) 1154,765 SO 26-Jul-12 25.00 2521 11,265 10-Jul-12 Perpetual 12,027 Chesapeake Lodging Trust WA 125.00 7.75% 11300.675) 1300299 SO 24-Jul.12 25.00 25.00 $24 30-Sep-ID 1030.4040 30,000 Citigroup Capital Xiii 88 125.00 7.88% 11750.000) 1852,300 1107.461 19-Oct-12 25.00 28.41 $209,761 5-Nov-12 Perpetual 20,000 City National Corp WA $25.00 5.50% 11500.000) 1487,300 SO 12-Dec-12 25.00 2437 1112.700) 1.0ct-12 Perpetual 10,000 Cobank Acb 1100.00 6.25% (11.000,000) 11,039,600 SO 25-Oct-12 100.00 103.96 $39,600 18-Jul-12 Perpetual 40,000 Odr Corp 8* 125.00 6.50% (11.000,000) 1988,360 SO 6-Aug..12 25.00 24.71 1111.640) 9-Oct-12 Perpetual 25,000 Discover Financial Svs 88 125.00 6.50% (1625,000) 5630,100 SO 26-Oct-12 25.00 2520 15,100 frDec-12 2/01/2052 25,000 Entergy Arkansas Inc 12500 4.90% (1625.000) 1621,600 SO 20-Dec-12 25.00 2426 ($3,400) 26-Jun-12 7/01/2052 25,000 Entergy Louisiana tic 12500 5.25% (1625.000) $649,025 SO 16-Jul-12 25.00 2526 $24,025 17-Jan-12 Perpetual 30500 First Republic Bank/Sf 888 12500 6.70% 11762.500) 1763,171 SO 31-Jan-12 25.00 25.02 $671 2-Oct-12 10/15/2052 8179 General Elec Cap Corp AA. 125.00 on% 11204.475) 1203,657 SO 26-Oct-12 25.00 24.90 (1818) 2-Oct-12 10/15/2052 21,821 General Elea Cap Corp AA. 125.00 0.118% 11545525) 1543,561 SO 25-Oct-12 25.00 24.91 (51,964) 2.Apr-12 04/15/2042 37,000 Hartford Finl Svcs Grp 88. 125.00 7.88% (1925.000) 1975,838 SO 2-May-12 25.00 2637 150238 20-Aug.12 Perpetual 40,000 Jpmorgan Chase El Co 888 125.00 5.50% (11.000,000) 1996,800 SO 7-Sep-12 25.00 24.92 (S3,200) 20-Aug.12 Perpetual 45,000 homorgan Chase El Co 888 125.00 5.50% (11,125,000) 11,121,850 SO 6-Sep-12 25.00 24.93 (13,150) 9-Mar-12 Perpetual 50,000 Kanto Realty Corp BBB. 125.00 6.00% (11.250,000) 11.228,100 SO 29-Mar-12 25.00 24.56 1121.900) 16-Jul-12 Perpetual 6,574 Kielce Realty Corp BBB. 125.00 5.50% (1164,350) 1161,083 SO 7.2am..12 25.00 24.50 ($3,267) 16.lul-12 Perpetual 6.426 Kimco Realty Corp BBB. 125.00 5.50% (1160,650) 1157,829 SO 6.Aug-12 25.00 24.56 (12,821) 3-Apr-12 0401502042 9,905 Mfa Financial Inc WA 125.00 8.00% (1247.625) 1246139 SO 27-Apr-12 25.00 24.85 (51,486) 3-Apr-12 04/15/2042 11,095 Mfa financial Inc WA 125.00 8.00% (1277.375) 1275,899 SO 26-Apr-12 25.00 2427 (51,476) 20-Mar-12 03/01/2072 18,600 Nextera Energy Capital 888 125.00 5.70% (1465,000) 5473,240 SO 16-Apr-12 25.00 2544 58.240 14-Sep-12 Perpetual 40,000 Pnc Financial Services 888 125.00 5.38% (11.000,000) 1996,480 SO 4.0ct-12 25.00 24.91 (13,520) 19-Apr-12 Perpetual 27,000 Pnc Financial Services 888 125.00 6.13% (1675,000) 1678,159 SO 9-May-12 25.00 2512 13.159 29-Feb-12 03)15/2042 170,000 Raymond James Financial 888 125.00 6.90% (54.250,000) 14.301,000 SO 1.Mar-12 25.00 2530 $51,000 31-Jan-12 erpetual 20,000 Realty Income Corp 88. 125.00 6.63% 11500,000) S499,600 SO 8.Feb-12 25.00 24.98 (SA00) 14-Aug-12 erpetual 25,000 Regency Centers Cap 88. 125.00 6.00% (1625,000) 1624,000 SO 28-Aug-12 25.00 2016 (51,000) 25-Oct-12 erpetual 25,000 Regimes Financial Corp 88 125.00 6.38% (1625,000) 1617.475 SO 11-Dec-12 25.00 2030 (17,525) 7-Aug-12 erpetual 30.000 51 Green Realty Corp 8. 125.00 6.50% (1750,000) 1743,010 SO 16-Aug-12 25.00 2037 (16,9901 8.May-12 5115/2015 4,000 Thompson Creek Metals Co WA 125.00 6.50% (1100,000) 184,524 SO 29-May-12 25.00 2113 (115.476) 11-Jul-12 erpetual 10,000 Vomado Realty Trust BBB. 12500 570% (1250,000) 1247,250 SO 24-Ju1.12 25.00 24.73 (12.7501 9-Aug-12 erpetual 10,000 Wells Fargo & Company BBB* 12500 520% (1250,000) 1249,790 SO 13-Aug-12 25.00 24.98 (1210) 6-Aug-12 erpetual 31,700 Kilroy Realty Corp WA 10.01 6.38% (1792,500) 1777,030 SO 28-Aug-12 25.00 24 51 (115.470) 6-Aug-12 erpetual 300 Kilroy Realty Corp WA 10.01 6.38% (17.500) 17.295 SO 17-Aug-12 25.00 24 12 ($205) Listed Preferred: P.,1_ 53/2.8// PROT11 G I 0 Citiitiel Ito est men. Clictorsetattlea Prepared for Financial Trust as of March 29, 2013 M. Morgan Securities WC. Forward Contracts Trade Date Value Date Bought Notional Sold Notional Fix Date Contract Spot Contract forward Closing Date Closing Rate Pol. 12-Dec-11 6-Feb.12 SGD 3,249,250 USD 2,500,000 6-Feb-12 1.3005 1/997 25-lan.12 1.27 $59,472 2-Nov.11 6-feb-12 SGD 3,183,000 USD 2,500,000 6.Feb-12 1.2734 1.2732 2-Feb-12 1.25 153,755 2-Feb-12 6-Mar-12 SGD 3,115,000 USD 2,500,000 6-Mar-12 1/464 1.246 9-Feb-12 1.25 ($7,202) 214'140 25-Jul-13 Djubs Cornt-F3 2500000 16.Jul18 28-Jun.12 120.94 11,956,738 19-Jun-12 23-10112 NUM 12,900000 USD 939.904 23-Jul.12 13.6898 13.7248 19.Jul.12 13.24 $34,659 19.44.12 23-Aug-12 MXN 12,900,000 USD 972,213 23-Aug-12 13.2367 13.2687 17.Aug-12 13.18 16,424 17-Aug-12 21-Sep-12 MXN 12,900,000 USD 976,356 21.Sep-12 13.1816 13.2124 20-Sep-12 12.93 121,405 20.5ep-12 24-Oct-12 MXN 12,900,000 USD 994.768 24-Oct.12 12.92895 12.96785 23-Oct.12 12.94 11,972 31-Aug.12 5-Nov-12 0IF 11,990,000 EUR 10,000,000 5-Nov.12 1.201 1.199 2-Nov.12 1.21 ($84,812) 23-0el-12 26-Nov.12 MXN 12,900.000 USD 994.089 26.Nov-12 12.9422 12.9767 21-Nov-12 13.04 ($4,689) 21-Nov-12 19-Dec-12 MXN 1.2O20 COO USD 987,477 19 Dec 12 110382 13.063594 18 Dec 12 12.73 $25,686 Forward Contracts Pa 52.063.401 FX Options trade Date Expiration Direction Marley 1 Type Currency 2 Notional Strike Currency 2 Type Closing Date Original Closing Premium Premium (V IS) PL 25.Jan-12 24-Jan-13 Bought Bet Put 195,000,000 42.50 .IPT Call 21.Feb-12 $125,734 SO 1125,734 20-Apr-12 22-May-12 Bought 1PY Put 5.000,000 83.00 USD Call (526,500) SO ($26.5001 20-Apr-12 22-May-12 Sold 1PY Call 5.000,000 81.00 USD Put 126,500 SO S26.500 16-Mar-12 19-Jun-12 Bought MXN Call 1.000,000 12.57 USD Put 19-Jun.12 (S17.200) SO ($17.200) 16-Mar-12 19-Jun-12 Sold MXN Put 1.000,000 12.90 USD Call 19-Jun-12 117.200 ($58,394) ($41.194) 1-Aug -11 13-Aug-12 Bought JPi' Put 100,000,000 83.25 CAD Call 8-Aug-12 ($413,613) SO (1413.613) 1.Aug-11 13-Aug-12 Sold WY Call 100,000,000 76.00 CAD Put 8-Aug-12 5413,613 SO $413,613 FX Options PIL 541.340 Commodity Options Trade Date Expiration Direction Commodity Type Notional (or) Strike Curvency Notional Type Closing Date Original Closing Premium P. Premium (S) (5) 27-Jun-12 12-Nov.12 Sold USD Put 125.000 96.5 12,062.500 Call 12-Nov-12 11,087,500 SO 11,087,500.00 27-Jun-12 12-Nov.12 Bought USD Call 125.000 126.5 15,812.500 Put 12-Nov-12 (175,000) SO ($75.000.00 10 -Jul-12 12-Nov.12 Sold USD Put 100.000 80 4000,000 Call 12-Nov-12 1184,000 SO 1184.000.00 10 -Jul-12 12-Nov.12 Bought USD Call 100.000 119.5 11,950.000 Put 12-Nov-12 ($184,000) SO ($184,000.00) 1.May-12 13-Aug-12 Sold USD Put 250.000 100 25,000.000 Call 12-Nov-12 1136,250 (11.012,500) ($876,250.00) 1.May-12 13-Aug-12 Sold USD Put 250.000 100 25,000.000 Call 12-Nov-12 1136,250 so $134250.00 1.May-12 13-Aug-12 Bought USD Call 250.000 140 35,000.000 Put 12-Nov-12 (1200,000) so ($200,000.00) 10-Jul-12 11-Dec-12 Sold USD Put 100.000 79.5 7,950.000 Call 12-Nov-12 1233,000 so 1233,000.00 10-Jul-12 11-Dec-12 Bought USD Call 100.000 119 11,900.000 Put 12-Nov-12 (1233,000) so ($233,000.00) Commodity Options Pit ICI 2013 otitorgan claw m co 512.500 I PROT12 GIO fieelms Innen' OseornsnItlei, IMPORTANT INFORMATION Account Position and P/L Summary (Disclaimer) Morgan Securities LLC. 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