EFTA Document EFTA01410573

Account Number: Statement Period: 06/01/2015 - 06/30/2015 SOUTHERN FINANCIAL LLC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Valuation at a Glance Beginning Account Value Net Cash Deposits and Withdrawals Net Securities In/Out of Account Adjusted Previous Account Value Dividends, Interest and Other Income Total Taxes Withheld Net Other Activity Your Client Advisor: DANIEL SABBA Commission Amount: $6,420.63 Net Change in Portfolio Ending Account Value Accrued Interest Estimated Annual Income This Period $132,106,023.17 -1,529,290.08 0.00 130,576,733.09 279,139.20 0.00 0.00 -1,628,380.55 $129,227,491.74 $293,629.59 $3,501,193.62 Year-to-Date $126,714,293.02 -1,098,768.69 -2,483,792.00 123,131,732.33 1,838,157.04 -6,561.18 -236.00 4,264,399.55 $129,227,491.74 Asset Allocation USD Cash, Money Funds, and Bank Deposits USD Fixed Income Non-USD Fixed Income USD Equities Non-USD Equities Account Total (Pie Chart) Prior Year-End EFTA01410573 44,273,984.33 18,177,455.58 7,150,052.50 54,126,544.61 2,986,256.00 $126,714,293.02 Last Period 47,382,855.08 15,587,101.74 7,812,416.25 57,699,186.10 3,624,464.00 $132,106,023.17 See the Asset Allocation Disclosure and Footnotes section for important information regarding your Asset Allocation. 45,718,843.35 14,401,624.64 7,770,340.00 57,862,147.75 3,474,536.00 $129,227,491.74 This Period % Allocation 35.38% 11.14% 6.01% 44.78% 2.69% 100.00% Please review your allocation periodically with your Client Advisor. Page 1 of 21 60097137CSF30023 EFTA01410574 Asset Allocation Disclosure and Footnotes All values are displayed in U.S. dollars based on interbank exchange rates as of 06/30/2015. Exchange rates can vary. Equities contains Equity Mutual Funds. Summary of Gains and Losses Short-Term Gain/Loss Realized This Period 89,759.58 Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. For Your Information On June 5, 2014, the European Central Bank (the "ECB") introduced "negative interest rates". This negative interest rate applied to all deposits held at the ECB and other credit institutions. Effective February 1, 2015, the negative interest expense on any euro deposits will be charged to your account. The initial interest charge will be -.20% (20 basis points), and will reflect on your account statement as "Free Credit Balance Interest Charge". The interest will be reported on your Forms 1099 and/or 1042-S for tax year 2015. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Money Market Fund Detail Date Activity Type Sweep Money Market Fund DWS GOVERNMENT CASH INSTL Account Number: 0000001490 Current Yield: 0.04% Activity Ending: 06/30/15 05/30/15 06/01/15 06/15/15 06/23/15 06/24/15 06/25/15 06/26/15 06/29/15 06/30/15 06/30/15 06/30/15 Opening Balance Withdrawal Withdrawal Withdrawal Withdrawal Deposit Deposit Deposit EFTA01410575 Deposit Deposit Closing Balance Total All Money Market Funds MONEY FUND REDEMPTION MONEY FUND REDEMPTION MONEY FUND REDEMPTION MONEY FUND REDEMPTION MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND PURCHASE INCOME REINVEST 47,296,013.27 -1,442,448.27 -1,211,282.94 -2,891.00 -2,000.00 957,771.70 15,983.69 19,414.80 39,164.25 1,492.85 47,296,013.27 45,853,565.00 44,642,282.06 44,639,391.06 44,637,391.06 45,595,162.76 45,611,146.45 45,630,561.25 45,669,725.50 45,671,218.35 $45,671,218.35 $45,671,218.35 Description Amount Balance 67,178.21 156,937.79 Year-to-Date 89,759.58 110,576.30 200,335.88 Unrealized 4,067,895.97 5,950,707.48 10,018,603.45 Page 2 of 21 B0097137CSF3002 Account Number: EFTA01410576 SOUTHERN FINANCIAL LLC EFTA01410577 Statement Period: 06/01/2015 - 06/30/2015 Income and Expense Summary Dividend Income Equities Money Market Other Dividends Interest Income Bond Interest Other Interest Expenses Withholding Taxes Fees(Foreign Securities) Total Dividends, Interest, Income and Expenses Distributions Alternative Investments Other Distributions Total Distributions Portfolio Holdings Opening Date Margin Balance Money Market DWS GOVERNMENT CASH INSTL 05/30/15 Total Money Market Total Cash, Money Funds, and Bank Deposits 45,671,218.350 0000001490 06/30/15 0.00 0.00 $279,139.20 0.00 0.00 $0.00 0.00 0.00 $0.00 0.00 7,528.93 $7,528.93 -6,561.18 -200.00 $1,518,239.03 0.00 0.00 $0.00 0.00 0.00 $0.00 313,156.83 89,616.40 $402,773.23 EFTA01410578 Current Period Taxable 92,967.00 1,492.85 90,664.80 94,014.55 0.00 Year-to-Date Non Taxable 0.00 0.00 0.00 0.00 0.00 Taxable 574,139.90 7,845.23 463,164.80 398,600.20 81,250.08 Non Taxable 0.00 0.00 0.00 0.00 0.00 Quantity Account Number Activity Ending Cash, Money Funds, and Bank Deposits 35.00% of Portfolio Cash Balance Opening Balance 86,841.81 0.00 47,296,013.27 $47,296,013.27 $47,382,855.08 Closing Balance 28,210.20 19,414.80 45,671,218.35 $45,671,218.35 $45,718,843.35 0.00 $0.00 $0.00 7,845.23 EFTA01410579 $7,845.23 $7,845.23 Page 3 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC 0.04% 0.04% Accrued Income Income This Year 30-Day Yield Current Yield EFTA01410580 Portfolio Holdings (continued) Date Acquired Quantity WASHINGTON MUT MTG SECS CORP 2004-RA2 MTG PASSTHRU CTF CL C-B-1 VAR RATE 6.985% 07/25/33 B/E DTD 06/01/04 S & P Rating D Factor: 0.54540664 Effective Date:06/01/15 Current Face Value: 703,574.566 12/13/13 *,3,12 1,290,000.000 Total Asset Backed Securities 1,290,000.000 Total Current Face Value : 703,574.566 Corporate Bonds PETROLEOS DE VENEZUELA NOTES SENIOR ISIN#XS0460546525 5.000% 10/28/15 REG DTD 10/28/09 S & P Rating B+ 12/04/13 *,3,12 2,500,000.000 Security Identifier: P7807HAF2 98.1130 EARTHLINK INC GTD SR NT FULLY EXCHANGED CUSIP FROM 270321AB8 8.875% 05/15/19 B/E DTD 05/17/11 CALLABLE 07/01/15 S & P Rating CCC+ 10/22/12 *,3,12 10/23/12 *,3,12 Total Noncovered Total 146,000.000 600,000.000 746,000.000 746,000.000 LLOYDS TSB BK PLC EURO ISSUE MEDIUM TERM NOTES ISIN#XS0717735822 9.875% 12/16/21 REG DTD 12/16/11 Moody Rating Bal S & P Rating BBB 12/04/13 *,3,12 1,500,000.000 107.2630 BARCLAYS BK PLC CONTINGENT CAP NT ISIN#US06739FHK03 7.750% 04/10/23 B/E DTD 04/10/13 CALLABLE 04/10/18 S & P Rating BB+ 04/03/13 *,12,13 300,000.000 2,452,824.56 98.1000 Original Cost Basis: $2,250,000.00 Security Identifier: 270321AC6 102.2840 102.1220 149,334.13 EFTA01410581 104.2500 Original Cost Basis: $151,110.00 612,734.22 Original Cost Basis: $619,500.00 762,068.35 $762,068.35 Security Identifier: G4S15PP48 104.2500 152,205.00 625,500.00 777,705.00 $777,705.00 2,870.87 12,765.78 15,636.65 $15,636.65 1,619.69 6,656.25 8,275.94 $8,275.94 12,957.50 53,250.00 66,207.50 $66,207.50 8.51% 8.51% 2,452,500.00 -324.56 21,527.78 125,000.00 5.09% Unit Cost Adjusted Cost Basis Fixed Income 17.00% of Portfolio (In Maturity Date Sequence) 6Asset Backed Securities Security Identifier: 939336520 Market Price Market Value Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated 76.5190 538,365.47 84.3080 593,169.64 EFTA01410582 Original Cost Basis: $638,906.71 $538,365.47 $593,169.64 54,804.17 $54,804.17 3,959.40 $3,959.40 $0.00 1,608,941.70 110.5750 1,658,625.00 Original Cost Basis: $1,627,500.00 Security Identifier: 06739FHK0 100.0000 300,000.00 108.3750 Original Cost Basis: $300,000.00 Page 4 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC 325,125.00 25,125.00 5,166.67 23,250.00 7.15% 49,683.30 79,822.92 148,125.00 8.93% EFTA01410583 Statement Period: 06/01/2015 - 06/30/2015 Portfolio Holdings (continued) Date Acquired Quantity Fixed Income (continued) Corporate Bonds (continued) JPMORGAN CHASE & CO DEP SHS REPSTG 1/10TH PFD SER 1 FIXED TO FLTG RT BD 7.900% 04/29/49 B/E DTD 04/23/08 Moody Rating BAA3 S & P Rating BBB06/15/11 *,3,12 06/15/11 *,3,12 Total Noncovered Total 2,500,000.000 2,500,000.000 5,000,000.000 5,000,000.000 BANK AMER CORP PERP NON COMULATIVE DEP SHS FIXED TO FLOAT 8.125% 04/30/58 B/E DTD 04/30/08 CALLABLE 05/15/18 Moody Rating BA2 S & P Rating BB 01/10/11 *,3,12 2,000,000.000 102.7500 SOUTHERN CALIF EDISON CO PREF SER E 6.250% 01/17/62 B/E DTD 01/17/12 CALLABLE 02/01/22 @ 100.000 Moody Rating BAA1 S & P Rating BBB01/30/12 *,3,12 3,000,000.000 GENERAL ELEC CAP CORP NON CUM PFD SER A 7.125% 06/12/62 B/E DTD 06/12/12 CALLABLE 06/15/22 Moody Rating BAA1 S & P Rating A+ 06/27/12 *,12,13 2,000,000.000 104.6810 2,093,626.07 115.3750 Original Cost Basis: $2,122,916.67 2,307,500.00 213,873.93 5,937.50 142,500.00 6.17% 99.8200 Security Identifier: 46625HHA1 Unit Cost Adjusted Cost Basis EFTA01410584 Market Price Market Value Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated 107.5000 107.0000 2,687,500.00 105.7750 Original Cost Basis: 2,675,000.00 Original Cost Basis: 5,362,500.00 $5,362,500.00 Security Identifier: 105.7750 2,644,375.00 2,644,375.00 5,288,750.00 $5,288,750.00 -43,125.00 -30,625.00 -73,750.00 -$73,750.00 32,916.67 32,916.66 65,833.33 $65,833.33 197,500.00 197,500.00 395,000.00 $395,000.00 7.46% 7.46% 2,055,000.00 106.1250 2,122,500.00 Original Cost Basis: Security Identifier: 2,994,599.64 110.4000 Original Cost Basis: Security Identifier: 3,312,000.00 317,400.36 77,604.17 $2,687,500.00 $2,675,000.00 060505DT8 $2,055,000.00 842400FU2 $2,992,564.97 369622SN6 EFTA01410585 187,500.00 5.66% 67,500.00 20,312.50 162,500.00 7.65% Page 5 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410586 Portfolio Holdings (continued) Date Acquired Quantity Fixed Income (continued) Corporate Bonds (continued) LBG CAPITAL NO 1 PLC 144A ISIN#XS0473106283 8.000% 09/15/88 REG DTD 12/15/09 CALLABLE 06/15/20 S & P Rating BB+ 1,200,000.000 12/04/13 *,3,12 Unit Cost Adjusted Cost Basis Market Price Market Value Security Identifier: G5433BBG8 108.2500 5LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL TIER 1 SECS ISIN#US539439AG42 7.500% 09/27/88 B/E DTD 04/07/14 S & P Rating BBPlease Provide * 1,903,000.000 Total Corporate Bonds 20,149,000.000 Total Fixed Income 21,439,000.000 Date Acquired Quantity Equities 45.00% of Portfolio Common Stocks MOBILEYE NV AMSTELVEEN ORD SHS ISIN#NL0010831061 Dividend Option: Cash 08/01/14 AKORN INC COM Dividend Option: Cash 06/10/15 5,000.000 ALIBABA GROUP HLDG LTD SPONSORED ADS ISIN#US01609W1027 Dividend Option: Cash 06/10/15 5,000.000 ALLIANZ SE SPONS ADR REPSTG 1/10 SHS Dividend Option: Cash 04/13/15 03/29/11 *,13 5,000.000 APOLLO GLOBAL MGMT LLC CL A SHS Dividend Option: Cash 263,157.000 EFTA01410587 19.0000 18.0110 46.8410 Security Identifier: MBLY CUSIP: N51488117 800.000 25.0000 20,000.00 234,206.00 53.1700 Security Identifier: AKRX CUSIP: 009728106 43.6600 Security Identifier: BABA CUSIP: 01609W102 88.9500 444,749.00 90,056.00 4,999,983.00 82.2700 Security Identifier: AZSEY CUSIP: 018805101 15.5660 Security Identifier: APO CUSIP: 037612306 22.1500 5,828,927.55 828,944.55 626,313.66 10.74% Page 6 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC 77,830.00 -12,226.00 2,833.84 3.64% 411,350.00 -33,399.00 218,300.00 -15,906.00 42,536.00 22,536.00 Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Estimated Annual Income EFTA01410588 Estimated Yield $19,466,925.79 $22,171,964.64 $744,948.85 $293,629.59 $1,488,807.50 1,299,000.00 114.5000 Original Cost Basis: $1,299,000.00 Security Identifier: 539439AG4 N/A Please Provide 103.0000 Original Cost Basis: Please Provide $18,928,560.32 1,960,090.00 $21,578,795.00 N/A $690,144.68 1,189.38 $289,670.19 142,725.00 $1,488,807.50 7.28% 1,374,000.00 75,000.00 4,000.00 96,000.00 6.98% Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated EFTA01410589 Statement Period: 06/01/2015 - 06/30/2015 Portfolio Holdings (continued) Date Acquired Quantity Equities (continued) Common Stocks (continued) APPLE INC COM Dividend Option: Cash 09/05/14 02/14/12 *,13 01/24/13 *,13 Total Noncovered Total 01/16/01 *,3 Dividend Option: Cash 10,000.00 of these shares are in your margin account 04/20/15 10,000.000 BASF SE SPONS ADR ISIN#US0552625057 Dividend Option: Cash 04/13/15 06/25/14 BIOGEN IDEC INC COM Dividend Option: Cash 02/14/12 *,13 DISH NETWORK CORP CL A Dividend Option: Cash 2,095.000 119.5490 39.8610 398,606.00 16.2400 Security Identifier: BASFY CUSIP: 055262505 5,000.000 BANK OF NEW YORK MELLON CORP COM Dividend Option: Cash 250,000.000 36.3060 101.6110 508,056.00 9,076,406.00 250,454.95 87.8220 Security Identifier: BK CUSIP: 064058100 41.9700 Security Identifier: BIIB CUSIP: 09062X103 403.9400 EFTA01410590 Security Identifier: DISH CUSIP: 25470M109 Page 7 of 21 80097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC 846,254.30 595,799.35 10,492,500.00 1,416,094.00 170,000.00 1.62% 439,110.00 -68,946.00 11,276.50 2.56% 162,400.00 -236,206.00 142,800.000 ARIAD PHARMACEUTICALS INC Dividend Option: Cash 7,535.000 9,000.000 16,535.000 16,535.000 ASCENA RETAIL GROUP INC COM Dividend Option: Cash 70,500.000 AVALANCHE BIOTECHNOLOGIES INC COM 21.2770 15.2090 19.6000 98.9500 Unit Cost Cost Basis Market Price Market Value Security Identifier: AAPL CUSIP: 037833100 14,130,065.71 114,597.40 176,400.00 290,997.40 $290,997.40 Security Identifier: ASNA CUSIP: 04351G101 1,500,000.00 16.6550 Security Identifier: AAVL CUSIP: 05337G107 EFTA01410591 1,174,177.50 -325,822.50 125.4250 Security Identifier: ARIA CUSIP: 04033A100 8.2700 8.2700 62,314.45 74,430.00 136,744.45 $136,744.45 -52,282.95 -101,970.00 -154,252.95 -$154,252.95 $0.00 17,910,690.00 3,780,624.29 297,024.00 1.65% Unrealized Gain/Loss Annual Income Estimated Yield Estimated EFTA01410592 Portfolio Holdings (continued) Date Acquired Quantity Equities (continued) Common Stocks (continued) DISH NETWORK CORP CL A (continued) 06/10/15 FACEBOOK INC CL A Dividend Option: Cash 05/17/12 *,13 01/13/14 08/05/14 Total Covered Total GENERAL ELECTRIC CO COM Dividend Option: Cash 04/23/13 *,13 GENERAL MTRS CO COM Dividend Option: Cash 11/18/10 * 12/09/10 * Total Noncovered Total GILEAD SCIENCES INC Dividend Option: Cash 02/05/14 03/07/14 Total Covered Total 06/10/15 GODADDY INC CL A Dividend Option: Cash 04/01/15 HEALTH NET INC COM Dividend Option: Cash 09/08/14 25,000.000 SANGAMO BIOSCIENCES INC COM Dividend Option: Cash 80097137CSF30023 46.9800 700.000 20.0000 5,000.000 3,100.000 8,100.000 8,100.000 GLAXOSMITHKLINE PLC SPONS ADR Dividend Option: Cash 5,000.000 43.0010 EFTA01410593 79.2810 79.6120 10,988.200 86,536.800 97,525.000 97,525.000 36.4010 36.8160 23,000.000 21.5700 17,500.000 FOUNDATION MEDICINE INC COM Dividend Option: Cash 25,000.000 24,830.000 49,830.000 49,830.000 27.5070 23.2530 38.0000 Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated 5,000.000 72.9960 364,978.00 665,000.00 687,663.50 577,373.02 1,265,036.52 $1,265,036.52 Security Identifier: GE CUSIP: 369604103 496,109.08 399,978.16 3,185,969.22 3,585,947.38 $3,585,947.38 Security Identifier: GILD CUSIP: 375558103 396,407.00 246,797.00 643,204.00 $643,204.00 EFTA01410594 Security Identifier: GSK CUSIP: 37733W105 215,006.00 14,000.00 1,174,506.00 41.6500 Security Identifier: GDDY CUSIP: 380237107 28.1900 Security Identifier: HNT CUSIP: 42222G108 64.1200 Security Identifier: SGMO CUSIP: 800677106 Page 8 of 21 Account Number: SOUTHERN FINANCIAL LLC 1,603,000.00 428,494.00 19,733.00 5,733.00 208,250.00 -6,756.00 12,641.71 6.07% 117.0800 117.0800 585,400.00 362,948.00 948,348.00 $948,348.00 188,993.00 116,151.00 305,144.00 $305,144.00 8,600.00 5,332.00 13,932.00 $13,932.00 1.46% 1.46% 26.5700 Security Identifier: GM CUSIP: 37045V100 33.3300 33.3300 366,236.71 2,884,271.54 3,250,508.25 $3,250,508.25 -33,741.45 EFTA01410595 -301,697.68 -335,439.13 -$335,439.13 15,823.01 124,612.99 140,436.00 $140,436.00 4.32% 4.32% 611,110.00 115,000.92 21,160.00 3.46% 67.7100 338,550.00 Security Identifier: FB CUSIP: 30303M102 85.7650 Security Identifier: FMI CUSIP: 350465100 33.8400 33.8400 846,000.00 840,247.20 1,686,247.20 $1,686,247.20 158,336.50 262,874.18 421,210.68 $421,210.68 $0.00 1,500,887.50 835,887.50 -26,428.00 EFTA01410596 Statement Period: 06/01/2015 - 06/30/2015 Portfolio Holdings (continued) Date Acquired Quantity Equities (continued) Common Stocks (continued) SANGAMO BIOSCIENCES INC COM (continued) 05/28/13 *,13 50,000.000 SANTANDER CONSUMER USA HLDGS INC COM Dividend Option: Cash 01/23/14 TRANSUNION COM COM Dividend Option: Cash 06/25/15 TWITTER INC COM Dividend Option: Cash 11/07/13 VIACOM INC NEW CL B Dividend Option: Cash 06/10/15 5,000.000 VOLKSWAGEN A G ADR (SPONS) Dividend Option: Cash 04/13/15 WISDOMTREE INVTS INC COM Dividend Option: Cash 03/31/15 Total Common Stocks Preferred Stocks (Listed by expiration date) ALLY FINL INC FIX TO FLT DIV-8.5096 FREQ-QTRLY CALLABLE @ 25.00 ON A QTRLY BASIS AFTER 05/15/2016 Dividend Option: Cash 02/03/12 *,13 02/09/12 *,13 15,000.000 21.6110 5,000.000 67.7490 50.8610 1,500.000 26.0000 300.000 22.5000 1,000.000 24.0000 Unit Cost Cost Basis Market Price EFTA01410597 Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated 8.4440 422,214.00 24,000.00 11.0900 554,500.00 Security Identifier: SC CUSIP: 80283M101 25.5700 Security Identifier: TRU CUSIP: 894003107 6,750.00 39,000.00 338,745.00 254,306.00 324,157.50 $41,776,539.54 Security Identifier: ALLY PRB CUSIP: 02005N308 46,600.000 80,000.000 19.3820 20.1250 903,217.51 1,610,000.00 26.4500 26.4500 B0097137CSF3002 Account Number: SOUTHERN FINANCIAL LLC 1,232,570.01 2,115,999.99 329,352.50 505,999.99 99,025.00 170,000.00 8.03% 8.03% Page 9 of 21 25.1000 Security Identifier: TWTR CUSIP: 90184L102 36.2200 Security Identifier: VIAB CUSIP: 92553P201 EFTA01410598 64.6400 Security Identifier: VLKAY CUSIP: 928662303 46.2510 Security Identifier: WETF CUSIP: 97717P104 21.9650 329,475.00 $49,433,313.75 5,317.50 $7,656,774.21 4,800.00 $1,312,422.09 1.45% 231,255.00 -23,051.00 4,004.38 1.73% 323,200.00 -15,545.00 8,000.00 2.47% 54,330.00 15,330.00 7,530.00 780.00 25,570.00 1,570.00 132,286.00 EFTA01410599 Portfolio Holdings (continued) Date Acquired Quantity Equities (continued) Preferred Stocks (continued) ALLY FINL INC FIX TO FLT (continued) Total Noncovered Total Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated 126,600.000 126,600.000 2,513,217.51 $2,513,217.51 GMAC CAP TR I GTD TR PFD SECS SER 2 CPN8.125% FREQ QRTLY MATY-02/15/2040 CALL ANYTIME @25 W/30 DAYS BEGINS 02/15/16 Dividend Option: Cash 02/22/12 *,13 80,000.000 Security Identifier: ALLY PRA CUSIP: 361860208 23.5350 ROYAL BK SCOTLAND GP PLC SPON ADR REPSTG SER T PFD CPN-7.25% FREQ QRTLY PERP MTY CALL@25 ANY W/30 D NOTICE AFTR 12/31/12 Dividend Option: Cash 10/24/12 *,13 01/07/13 *,13 01/14/13 *,13 40,000.000 40,000.000 40,000.000 Total Noncovered Total Total Preferred Stocks Total Equities Date Acquired Quantity Unit Cost Exchange-Traded Products 3.00% of Portfolio WISDOMTREE TR JAPAN HEDGED EQUITY FD Dividend Option: Cash; Capital Gains Option: Cash EFTA01410600 60,000.00 of these shares are in your margin account 60,000.000 12/11/13 Total Exchange-Traded Products Total Portfolio Holdings Footnotes * Noncovered under the cost basis rules as defined below. Securities acquired before 2011 or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, Page 10 of 21 B0097137CSF30023 Account Number: N4G-023804 SOUTHERN FINANCIAL LLC 49.4350 120,000.000 120,000.000 1,882,773.60 25.9800 Security Identifier: RBS PRT CUSIP: 780097713 23.7900 24.4400 24.8800 951,600.00 977,600.00 995,200.00 2,924,400.00 $2,924,400.00 $7,320,391.11 $49,096,930.65 Cost Basis Market Price Security Identifier: DXJ CUSIP: 97717W851 2,966,098.50 $2,966,098.50 Cost Basis $117,248,798.29 57.2000 3,432,000.00 $3,432,000.00 Market Value $129,227,491.74 465,901.50 EFTA01410601 $465,901.50 Unrealized Gain/Loss $10,018,603.45 Accrued Interest $293,629.59 43,093.80 $43,093.80 Estimated Annual Income $3,501,193.62 1.25% 25.3700 25.3700 25.3700 1,014,799.99 1,014,799.99 1,014,800.02 3,044,400.00 $3,044,400.00 $8,471,370.00 $57,904,683.75 Market Value 63,199.99 37,199.99 19,600.02 120,000.00 $120,000.00 $1,150,978.89 $8,807,753.10 Unrealized Gain/Loss 72,500.00 72,500.00 72,500.00 217,500.00 $217,500.00 $649,025.00 $1,961,447.09 Estimated Annual Income Estimated Yield 7.14% 7.14% 7.14% 2,078,400.00 195,626.40 162,500.00 7.81% EFTA01410602 3,348,570.00 $3,348,570.00 835,352.49 $835,352.49 269,025.00 $269,025.00 EFTA01410603 Statement Period: 06/01/2015 - 06/30/2015 Portfolio Holdings (continued) US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • Stock in a corporation acquired on or after January 1, 2011 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012 • Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014. Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information. 5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available. 6 The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face amount of the security. Factors may change over time and are obtained from sources we believe to be reliable. 12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. 13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. Schedule of Realized Gains and Losses Current Period Description Disposition Date Short Term 06/22/15 06/22/15 06/22/15 06/22/15 Acquisition EFTA01410604 Date 06/18/15 06/19/15 06/18/15 04/20/15 06/30/15 u 06/25/15 06/30/15 u 06/26/15 Disposition Transaction SELL First In First Out SELL First In First Out SELL First In First Out XOPTS First In First Out SELL First In First Out SELL First In First Out 80097137CSF30023 FITBIT INC CL A Security Identifier: FIT FOGO DE CHAO INC COM Security Identifier: FOGO UNIVAR INC COM Security Identifier: UNVR CALL AVALAN CHE BIOT 40.00 Security Identifier: AAVL 0619 TRANSUNION COM COM Security Identifier: TRU XACTLY CORP COM Security Identi • • Account Number: SOUTHERN FINANCIAL LLC Quantity 800.000 100.000 1,000.000 -100.000 300.000 600.000 Cost Basis Proceeds 16,000.00 2,000.00 22,000.00 0.00 6,750.00 4,800.00 EFTA01410605 31,094.03 2,549.95 26,353.81 68,692.73 7,521.96 5,097.10 Realized Gain/Loss/ Disallowance 15,094.03 549.95 4,353.81 68,692.73 771.96 297.10 Page 11 of 21 EFTA01410606 Schedule of Realized Gains and Losses Current Period (continued) Disposition Date Acquisition Date Total Short Term Long Term 06/15/15 10/22/12 * RDMG First In First Out 06/23/15 12/13/13 * RPP EARTHLINK INC GTD SR EXCHANGED CUSIP FROM 270321AB8 8.875% 05/15/19 B/E DTD 05/1 Security Identifier: 270321AC6 Original Cost Basis: 262,890.00 WASHINGTON MUT MTG S 004-RA2 MTG PASSTHRU CTF CL C- 8-1 VAR RATE 6.985% 07/25/33 Security Identifier: 939336S20 Original Cost Basis: 7,491.57 06/25/15 12/13/13 * RDMG First In First Out Total Long Term Total Short Term and Long Term * Noncovered under the cost basis rules as defined below. Securities acquired before 2011 or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • • • Stock in a corporation acquired on or after January 1, 2011 Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012 Options and any Debt Instruments that provide a simple fixed payment EFTA01410607 schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. COUNTRYWIDE HOME LOA 1 CL B1 4.090% 03/25/33 B/E D TD 01/30/03 Security Identifier: 12669DYS1 Original Cost Basis: 838,309.32 $1,105,658.73 $1,157,208.73 $1,172,836.94 $1,314,146.52 $67,178.21 $156,937.79 254,000.000 Disposition Transaction Description Quantity Cost Basis Proceeds $51,550.00 259,857.84 $141,309.58 265,272.52 Realized Gain/Loss/ Disallowance $89,759.58 5,414.68 EFTA01410608 1,290,000.000 7,491.57 9,790.51 2,298.94 4,500,000.000 838,309.32 897,773.91 59,464.59 Page 12 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410609 Statement Period: 06/01/2015 - 06/30/2015 Schedule of Realized Gains and Losses Current Period (continued) Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. u These shares are unsettled and have been recently disposed. You will also see these shares on the Portfolio Holdings section until this transaction has been settled. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. Messages Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Please be advised that Reich & Tang Asset Management, LLC will be liquidating its funds (the "R&T Funds") by the end of July 2015 and as such the R&T Funds will no longer be available as money market funds in the DBSI cash sweep program (the "Sweep Program"). What this means for you: If you are currently invested in an R&T Fund, please refer to our earlier letter for more information about your available cash sweep options, or contact your client advisor. If you are not currently invested in the R&T Funds, this change will not affect the existing sweep for your uninvested cash balances and no action is required on your part. For information on all cash sweep options available in the Sweep Program, please visit our website at: http://wealth.deutscheawm.com/americas/en/- CashSweepOptions.html and click on "Cash Sweep Options-Rates". Page 13 of 21 EFTA01410610 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410611 Activity Summary (All amounts shown are in base currency) Credits Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Fees Taxes Withheld Other Cash Withdrawals Deposits Total Cash Money Market Funds Total Credits Transactions by Type of Activity Process/ Settlement Date Trade/ Transaction Date Activity Type Securities Bought and Sold 06/15/15 06/15/15 06/15/15 06/15/15 06/15/15 06/22/15 06/10/15 PURCHASED AKRX 06/10/15 PURCHASED BABA 06/10/15 PURCHASED DISH 06/10/15 PURCHASED GSK 06/10/15 PURCHASED VIAB YOUR OPTION EXPIRED 99QAF2AM6 Description AKORN INC COM UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT ALIBABA GROUP HLDG LTD SPONSORED ADS ISIN#US01609W1027 UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT DISH NETWORK CORP CL A UNSOLICITED ORDER AVERAGE EFTA01410612 UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT GLAXOSMITHKLINE PLC SPONS ADR UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT VIACOM INC NEW CL B UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT CALL 100 AVALANCHE BIOTECHNOLOGIES INC COM EXP [email protected] OPTION ROOT= AAVL AAVL CLOSING TRANSACTION Quantity 5,000.000 5,000.000 5,000.000 5,000.000 5,000.000 100.000 Price 46.7800 88.8886 72.9344 42.9400 67.6878 Accrued Interest Amount Currency -234,206.00 USD -444,749.00 USD -364,978.00 USD -215,006.00 USD -338,745.00 USD 0.00 USD 0.00 59,997.79 $59,997.79 $279,139.20 $1,170,575.36 $0.00 $0.00 $0.00 0.00 0.00 $0.00 $0.00 $1,509,712.35 0.00 128,690.52 $128,690.52 $1,525,000.21 $4,130,349.66 $0.00 $0.00 $68,692.73 0.00 EFTA01410613 2,047,119.25 $2,047,119.25 $2,448,952.63 $10,348,805.00 This Period Year-to-Date Debits This Period Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Fees Taxes Withheld Other Cash Withdrawals Deposits Total Cash Money Market Funds Total Debits -1,644,434.00 0.00 -$1,644,434.00 $0.00 $0.00 $0.00 $0.00 $0.00 -1,529,290.08 0.00 -$1,529,290.08 $0.00 -$3,173,724.08 -3,233,615.50 0.00 -$3,233,615.50 $0.00 $0.00 -$236.00 -$6,561.18 -$68,692.73 -3,145,887.94 0.00 -$3,145,887.94 -$4,780,931.93 -$11,235,925.28 Year-to-Date Page 14 of 21 EFTA01410614 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410615 Statement Period: 06/01/2015 - 06/30/2015 Transactions by Type of Activity (continued) Process/ Settlement Date Trade/ Transaction Date Activity Type Securities Bought and Sold (continued) 06/23/15 06/18/15 PURCHASED FIT 06/23/15 06/24/15 06/25/15 06/25/15 06/25/15 06/30/15 06/18/15 PURCHASED UNVR 06/19/15 PURCHASED FOGO 06/22/15 SOLD FIT 06/22/15 SOLD FOGO 06/22/15 SOLD UNVR 06/25/15 PURCHASED TRU Total Securities Bought and Sold - UNITED STATES DOLLAR Dividends and Interest 06/15/15 06/15/15 06/15/15 06/23/15 06/25/15 FOREIGN BOND INTEREST G5433BBG8 BOND INTEREST RECEIVED 270321AC6 CASH DIVIDEND RECEIVED 369622SN6 CASH DIVIDEND RECEIVED GM BOND INTEREST RECEIVED 12669DYS1 1200000 LBG CAPITAL NO 1 PLC 144A ISIN#XS0473106283 8.000% 09/15/88 REG DTD 12/15/09 CLB RD 06/12 PD 06/15/15 EFTA01410616 EARTHLINK INC GTD SR NT FULLY EXCHANGED CUSIP FROM 270321AB8 8.875% 05/15/19 B/E DTD 05/17/11 CLB ACCRUED INTEREST GENERAL ELEC CAP CORP NON CUM PFD SER A 7.125% 06/12/62 B/E RD 06/12 PD 06/15/15 DIV PAID AT 35.6250 2000000 97525 SHRS GENERAL MTRS CO COM RD 06/10 PD 06/23/15 4500000 COUNTRYWIDE HOME LOANS SER 03-1 CL B1 4.090% 03/25/33 B/E DTD 01/30/03 RD 05/29 PD 06/25/15 Description FITBIT INC CL A PROSPECTUS UNDER SEPARATE COVER UNIVAR INC COM PROSPECTUS UNDER SEPARATE COVER FOGO DE CHAO INC COM PROSPECTUS UNDER SEPARATE COVER FITBIT INC CL A UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT FOGO DE CHAO INC COM UNSOLICITED ORDER UNIVAR INC COM UNSOLICITED ORDER TRANSUNION COM COM PROSPECTUS UNDER SEPARATE COVER Quantity 800.000 1,000.000 100.000 -800.000 -100.000 -1,000.000 300.000 Price 20.0000 22.0000 20.0000 38.9382 26.0600 26.4203 22.5000 0.00 Accrued Interest Amount Currency -16,000.00 USD -22,000.00 USD -2,000.00 USD 31,094.03 USD 2,549.95 USD 26,353.81 USD -6,750.00 USD -1,584,436.21 48,000.00 USD 1,878.54 USD 71,250.00 USD 35,109.00 USD EFTA01410617 4,301.83 USD Page 15 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410618 Transactions by Type of Activity (continued) Process/ Settlement Date Trade/ Transaction Date Activity Type Dividends and Interest (continued) 06/25/15 06/26/15 06/29/15 06/29/15 06/30/15 06/30/15 BOND INTEREST RECEIVED 939336S20 CASH DIVIDEND RECEIVED DXJ CASH DIVIDEND RECEIVED GILD FOREIGN BOND INTEREST 539439AG4 MONEY MARKET FUND INCOME RECEIVED 233993682 FOREIGN SECURITY DIVIDEND RECEIVED RBS PRT Total Dividends and Interest - UNITED STATES DOLLAR Distributions 06/15/15 06/25/15 06/25/15 SECURITY REDEEMED 270321AC6 SECURITY REDEEMED 12669DYS1 RETURN OF PRINCIPAL RECEIVED 939336S20 Total Distributions - UNITED STATES DOLLAR Cash Withdrawals and Deposits 06/03/15 FEDERAL FUNDS SENT USD999997 Total Value of Transactions The price and quantity displayed may have been rounded. DEUTSCHE BANK TRUST Total Cash Withdrawals and Deposits UNITED STATES DOLLAR 0.00 EFTA01410619 0.00 EARTHLINK INC GTD SR NT FULLY EXCHANGED CUSIP FROM 270321AB8 8.875% 05/15/19 B/E DTD 05/17/11 CLB CALLED BY LOTTERY COUNTRYWIDE HOME LOANS SER 03-1 CL B1 4.090% 03/25/33 B/E DTD 01/30/03 1290000 WASHINGTON MUT MTG SECS CORP 2004-RA2 MTG PASSTHRU CTF CL C-B-1 VAR RATE 6.985% 07/25/33 B/E DTD 06/01/04 RD 05/29 PD 06/25/15 0.00 -254,000.000 -4,500,000.000 Description 1290000 WASHINGTON MUT MTG SECS CORP 2004-RA2 MTG PASSTHRU CTF CL C-B-1 VAR RATE 6.985% 07/25/33 B/E DTD 06/01/04 RD 05/29 PD 06/25/15 60000 SHRS WISDOMTREE TR JAPAN HEDGED EQUITY FD RD 06/24 PD 06/26/15 8100 SHRS GILEAD SCIENCES INC RD 06/16 PD 06/29/15 1903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL TIER 1 SECS ISIN#US539439AG42 7.500% 09/27/88 B/E DTD 04/07/14 CLB RD 06/26 PD 06/27/15 DWS GOVT CASH INSTL 120000 SHRS ROYAL BK SCOTLAND GP PLC SPON ADR REPSTG SER T PFD CPN-7.25% FREQ QRTLY PERP MTY CALL@25 ANY W/30 D NOTICE AFTR 12/31/12 RD 06/15 PD 06/30/15 0.00 Quantity Price Accrued Interest Amount Currency 4,152.93 USD 19,414.80 USD 3,483.00 USD 35,681.25 USD 1,492.85 USD 54,375.00 USD 279,139.20 265,272.52 USD 897,773.91 USD 7,528.93 USD 1,170,575.36 -1,529,290.08 USD -1,529,290.08 -1,664,011.73 USD Page 16 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410620 Statement Period: 06/01/2015 - 06/30/2015 Cash Not Yet Received Security Dividends GENERAL ELECTRIC CO COM VIACOM INC NEW CL B Total Cash Not Yet Received Bond Maturity Schedule Bond Maturity 1 to 6 months 1 to 5 years 6 to 10 years Over 10 years Total Bond Quality Bond Quality BAA BA/Lower Total 06/22/15 06/15/15 07/27/15 07/01/15 23,000.000 5,000.000 0.230000 0.400000 Cash Cash 5,290.00 2,000.00 $7,290.00 Record Date Payable Date Quantity Held Rate Dividend Option Amount of Payment Market Value 2,452,500.00 777,705.00 1,983,750.00 16,958,009.64 % of Bond Market Value 11% 4% 9% 76% 22,171,964.64 100% Percentages of bond market values are EFTA01410621 rounded to the nearest whole percentage. Market Value 10,908,250.00 11,263,714.64 % of Bond Market Value 49% 51% 22,171,964.64 100% Percentages of bond market values are rounded to the nearest whole percentage. Page 17 of 21 B0097137CSF30023 Account Number: SOUTHERN FINANCIAL LLC EFTA01410622