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12 - September 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 9/30/17)$9,866,287.55 Includes Accrued Interest CLIENT STATEMENT For the Period September 1-30, 2017 660 - 110331 - 095 -1 - 0 STATEMENT PACKAGE FOR: CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Morgan Stanley Smith Barney LLC. Member SIPC. Access Your Account s Online: www.morganstanley.com/online Your Financial Advisor Team BAGWELL/BRIDGES/TAYLOR 407-849-4700 Your Branch 201 E. PINE ST 11TH FL ORLANDO, FL 32801 Telephone:407-849-4700 ; Alt. Phone:800-869-0007 ; Fax:407-849-4797 Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326 000219 MSADS241 100000 #BWNJGWM CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM C/O RUSSELL CAFFEY 800 SEMINOLE ROAD ATLANTIC BCH FL 32233-5444 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 5 9 Consolidated Summary CLIENT STATEMENT For the Period September 1-30, 2017 This summary may include assets held in either brokerage and/or advisory accounts. Visit http://www.morganstanley.com/ourcommitment to understand the differences between brokerage and advisory accounts. Refer to individual Account Gain/(Loss) Summary and Expanded Disclosures for additional information. Accounts with no balances, holdings or activity year-to-date are not displayed on this page. >: Wash sale rules apply to some portion of this total.CONTINUED Page 2 of 130 OVERVIEW OF YOUR ACCOUNTS (includes accrued interest) Although only whole dollar amounts are displayed below, both dollars and cents are used to calculate all totals. Manually summing the individual line items may not equal the actual total displayed. Refer to Account Statements for details. Account Number Beginning Value (9/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (9/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page TOTAL FOR ALL ACCOUNTS $9,515,818 $200,000 —$150,469 $9,866,287 $24,059 $126,119 $(660) $60,665 $72,852 $931,384 Business Accounts CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM 660-110331-095 417,199 200,000 —17 617,216 17 74 — — — — 7 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM 660-035181-095 Invest Advisory 3,521,015 ——61,447 3,582,463 10,370 44,807 — 14,048 20,624 373,582 > 13 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Amundi Pioneer Fundamental Growth 660-035196-095 Invest Advisory 692,902 ——4,861 697,764 1,091 6,544 3,603 12,166 22,141 57,647 21 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Sage Advisory - Intermediate Taxab 660-110035-095 Invest Advisory 1,980,557 ——(5,959)1,974,598 6,552 38,541 (17,261) 1,618 26 5,090 37 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM JP Morgan - Equity Income SMA 660-110174-095 Invest Advisory 1,302,666 ——50,978 1,353,645 4,697 25,409 794 2,758 8,829 211,681 51 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Boston Partners - Smid Cap Value 660-110258-095 Invest Advisory 549,891 ——29,088 578,979 750 6,565 4,053 4,500 > 6,853 97,659 73 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Riverbridge Partners - SMID Growth 660-110265-095 Invest Advisory 546,424 ——15,464 561,888 351 1,905 4,770 1,007 1,474 99,419 105 Consolidated Summary CLIENT STATEMENT For the Period September 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 3 of 130 OVERVIEW OF YOUR ACCOUNTS (includes accrued interest) Although only whole dollar amounts are displayed below, both dollars and cents are used to calculate all totals. Manually summing the individual line items may not equal the actual total displayed. Refer to Account Statements for details. Account Number Beginning Value (9/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (9/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Columbia Mgmt - Select LC Grwth 660-110290-095 Invest Advisory 505,160 ——(5,430)499,730 228 2,270 3,379 24,564 > 12,902 86,302 > > 119 Total Business Accounts $9,515,818 $200,000 —$150,469 $9,866,287 $24,059 $126,119 $(660) $60,665 $72,852 $931,384 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 0 Consolidated Summary CLIENT STATEMENT For the Period September 1-30, 2017 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. Page 4 of 130 SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 8 8.4 8.8 9.2 9.6 10 ($ ) M i l l i o n s 2016 2017 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $9,515,818.13 $8,748,493.84 Credits 200,000.00 384,000.00 Debits —(210,124.56) Security Transfers —— Net Credits/Debits/Transfers $200,000.00 $173,875.44 Change in Value 150,469.42 943,918.27 TOTAL ENDING VALUE $9,866,287.55 $9,866,287.55 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. Cash Equities Fixed Income & Preferreds Alternatives ASSET ALLOCATION (includes accrued interest) Market Value Percentage Cash $804,121.18 8.15 Equities 6,085,432.39 61.68 Fixed Income & Preferreds 2,357,861.23 23.90 Alternatives 618,872.75 6.27 TOTAL VALUE $9,866,287.55 100.00 % FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. Consolidated Summary CLIENT STATEMENT For the Period September 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 5 of 130 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $664,065.18 $572,539.57 Purchases (360,001.84)(3,159,853.85) Dividend Reinvestments (1,038.50)(16,186.53) Sales and Redemptions 270,605.57 3,097,466.28 Prior Net Unsettled Purch/Sales 4,709.71 N/A 2016 Net Unsettled Purch/Sales N/A 2,093.18 Net Unsettled Purch/Sales 5,476.38 5,476.38 Return of Principal 1,721.53 8,067.83 Income and Distributions 24,059.53 126,119.26 Total Investment Related Activity $(54,467.62)$63,182.55 Electronic Transfers-Credits 200,000.00 384,000.00 Electronic Transfers-Debits —(184,000.00) Other Debits —(26,124.56) Total Cash Related Activity $200,000.00 $173,875.44 Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $809,597.56 $809,597.56 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $664,065.18 $809,597.56 Stocks 3,518,345.73 3,595,500.75 ETFs & CEFs 1,749,129.53 1,774,123.17 Corporate Fixed Income^1,170,256.77 1,241,567.90 Government Securities^684,195.48 698,658.59 Mutual Funds 1,725,115.73 1,752,315.96 Net Unsettled Purchases/Sales 4,709.71 (5,476.38) Total Assets $9,515,818.13 $9,866,287.55 Total Liabilities (outstanding balance)—— TOTAL VALUE $9,515,818.13 $9,866,287.55 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 1 Standard Disclosures CLIENT STATEMENT For the Period September 1-30, 2017 Page 6 of 130 The following Disclosures are applicable to the enclosed statement(s). Expanded Disclosures are attached to your most recent June and December statement (or your first Statement if you have not received a statement for those months). The Expanded Disclosures are also available by selecting Account Documents when you log on to www.morganstanley.com/online or, call 800-869-3326. Questions? Questions regarding your account may be directed to us by using the contact information on the statement cover page, or the Client Service Center at (800) 869-3326. Errors and Inquiries Be sure to review your statement promptly, and immediately address any concerns regarding entries that you do not understand or believe were made in error by contacting the Branch Manager of the office where you maintain your account. Oral communications regarding any inaccuracy or discrepancy in this statement should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). Your statement will be deemed correct unless we receive a written inquiry of a suspected error. See your account documentation for special rules regarding your rights and responsibilities with respect to erroneous electronic fund transfers, including a description of the transfers covered. For concerns or complaints, contact our Client Relations Department at (866) 227-2256. Senior Investor Helpline For concerns or complaints, Senior Investors may contact our Firm by calling (800) 280-4534. Availability of Free Credit Balances and Financial Statements Under the customer protection rules of the SEC [17 CFR §240.15c3-3], we may use funds comprising free credit balances carried for customer accounts here, provided that these funds are payable to customers on demand (i.e., are free of a lien or right of set-off in our favor or on behalf of some third party to whom you have given control). A financial statement of this organization is available for your personal inspection at its offices, or a copy will be mailed to you upon your written request. Listed Options Information with respect to commissions and other charges related to the execution of options transactions has been included in confirmations of such transactions previously furnished to you and such information will be made available to you promptly at your request. Promptly advise us of any material change in your investment objectives or financial situation. Important Information if you are a Margin Customer (not available for certain retirement accounts) If you have margin privileges, you may borrow money from us in exchange for pledging assets in your accounts as collateral for any outstanding margin loan. The amount you may borrow is based on the value of the eligible securities in your margin accounts. If a security has eligible shares, the number of shares pledged as collateral will be indicated below the position. Margin Interest Charges We calculate interest charges on margin loans as follows: (1) multiply the applicable margin interest rate by the daily close of business net settled debit balance, and (2) divide by 360 (days). Margin interest accrues daily throughout the month and is added to your debit balance at month-end. The month-end interest charge is the sum of the daily accrued interest calculations for the month. We add the accrued interest to your debit balance and start a new calculation each time the applicable interest rate changes and at the close of every statement month. For interest rate information, log into your Morgan Stanley account at morganstanley.com/online. Select your account with a Margin agreement and click Interest Rates for more information. Information regarding Special Memorandum Account If you have a Margin Account, this is a combined statement of your Margin Account and Special Memorandum Account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the Special Memorandum Account as required by Regulation T is available for your inspection at your request. Important Information About Auction Rate Securities For certain Auction Rate Securities there is no or limited liquidity. Therefore, the price(s) for these Auction Rate Securities are indicated by N/A (not available). There can be no assurance that a successful auction will occur or that a secondary market exists or will develop for a particular security. Structured Investments Risks and Considerations Structured Investments (Structured Products) are complex products and may be subject to special risks. Investors should consider the concentration risk of owning the related security and their total exposure to any underlying asset. Structured Investments, which may appear in various statement product categories and are identified on the Position Description Details line as “Asset Class: Struct Inv,” may not perform in a manner consistent with the statement product category where they appear and therefore may not satisfy portfolio asset allocation needs for that category. For information on the risks and conflicts of interest related to Structured Investments generally, log in to Morgan Stanley Online and go to www.morganstanley.com/structuredproductsrisksandconflicts. Security Measures This statement features several embedded security elements to safeguard its authenticity. One is a unique security mark-a blue rectangle printed in heat-sensitive ink on the back of every page. When exposed to warmth, the blue rectangle will disappear, and then reappear. SIPC Protection We are a member of Securities Investor Protection Corporation (SIPC), which protects securities of its customers up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org. Losses due to market fluctuation are not protected by SIPC and assets not held with us may not be covered by SIPC protection. To obtain information about SIPC, including an explanatory SIPC brochure, contact SIPC at 1-202-371-8300 or visit www.sipc.org. Transaction Dates and Conditions Upon written request, we will furnish the date and time of a transaction and the name of the other party to a transaction. We and/or our affiliates may accept benefits that constitute payment for order flow. Details regarding these benefits and the source and amount of any other remuneration received or to be received by us in connection with any transaction will be furnished upon written request. Equity Research Ratings Definitions and Global Investment Manager Analysis Status Some equity securities may have research ratings from Morgan Stanley & Co. LLC or Morningstar, Inc. Research ratings are the research providers’ opinions and not representations or guarantees of performance. For more information about each research provider's rating system, see the Research Ratings on your most recent June or December statement (or your first statement if you have not received a statement for those months), go to www.morganstanley.com/online or refer to the research provider’s research report. Research reports contain more complete information concerning the analyst's views and you should read the entire research report and not infer its contents from the rating alone. If your account contains an advisory component or is an advisory account, a GIMA status will apply. Credit Ratings from Moody's Investors Service and Standard & Poor's The credit rating from Moody's Investors Service and Standard & Poor's may be shown for certain securities. All credit ratings represent the opinions of the provider and are not representations or guarantees of performance. Please contact us if you need further information or assistance in interpreting these credit ratings. Revised 09/2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Active Assets Account 660-110331-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $417,199.27 $417,142.88 Credits 200,000.00 292,000.00 Debits —(92,000.00) Security Transfers —— Net Credits/Debits/Transfers $200,000.00 $200,000.00 Change in Value 17.69 74.08 TOTAL ENDING VALUE $617,216.96 $617,216.96 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 380 430 480 530 580 630 ($ ) T h o u s a n d s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 7 of 130 ASSET ALLOCATION (includes accrued interest) Cash Market Value Percentage Cash $617,216.96 100.00 TOTAL VALUE $617,216.96 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement.00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 2 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Active Assets Account 660-110331-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 8 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $417,199.27 $617,216.96 Total Assets $417,199.27 $617,216.96 Total Liabilities (outstanding balance)—— TOTAL VALUE $417,199.27 $617,216.96 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $417,199.27 $417,142.88 Income and Distributions 17.69 74.08 Total Investment Related Activity $17.69 $74.08 Electronic Transfers-Credits 200,000.00 292,000.00 Electronic Transfers-Debits —(92,000.00) Total Cash Related Activity $200,000.00 $200,000.00 Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $617,216.96 $617,216.96 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Interest $17.69 $74.08 Total Taxable Income And Distributions $17.69 $74.08 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $17.69 $74.08 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) TOTAL GAIN/(LOSS)——— The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Active Assets Account 660-110331-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income Brokerage Account CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 9 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$372,209.69 —$186.00 0.050 MORGAN STANLEY BANK N.A. #245,007.27 —123.00 0.050 BANK DEPOSITS $617,216.96 $309.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 100.00%$617,216.96 $309.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%—$617,216.96 N/A $309.00 — 0.05% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Active Assets Account 660-110331-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 10 of 130 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $617,216.96 —————— TOTAL ALLOCATION OF ASSETS $617,216.96 —————— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) $10.42 9/29 Interest Income MORGAN STANLEY BANK N.A. (Period 09/01-09/30) 7.27 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $17.69 TOTAL INTEREST $17.69 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 9/29 Funds Received WIRED FUNDS RECEIVED BANK OF AMERICA NA NY CITY OF ATLANTIC BEACH $200,000.00 TOTAL ELECTRONIC TRANSFERS $200,000.00 TOTAL ELECTRONIC TRANSFERS-CREDITS $200,000.00 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/29 Automatic Investment BANK DEPOSIT PROGRAM $200,000.00 9/29 Automatic Investment BANK DEPOSIT PROGRAM 10.42 9/29 Automatic Investment BANK DEPOSIT PROGRAM 7.27 NET ACTIVITY FOR PERIOD $200,017.69 MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Active Assets Account 660-110331-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 11 of 130 Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 4 This page intentionally left blank Page 12 of 130 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Consulting Group Advisor Active Assets Account 660-035181-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $3,521,015.73 $3,178,814.90 Credits —— Debits —(4,332.97) Security Transfers —— Net Credits/Debits/Transfers —$(4,332.97) Change in Value 61,447.59 407,981.39 TOTAL ENDING VALUE $3,582,463.32 $3,582,463.32 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 2.7 2.9 3.1 3.3 3.5 3.7 ($ ) M i l l i o n s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 13 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds Alternatives Market Value Percentage Cash $59,925.01 1.67 Equities 2,560,398.91 71.47 Fixed Income & Preferreds 413,733.92 11.55 Alternatives 548,405.48 15.31 TOTAL VALUE $3,582,463.32 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 5 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 14 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $50,592.75 $59,925.01 ETFs & CEFs 1,745,307.25 1,770,222.35 Mutual Funds 1,725,115.73 1,752,315.96 Total Assets $3,521,015.73 $3,582,463.32 Total Liabilities (outstanding balance)—— TOTAL VALUE $3,521,015.73 $3,582,463.32 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $50,592.75 $35,483.75 Purchases —(137,922.22) Dividend Reinvestments (1,038.50)(16,186.53) Sales and Redemptions —138,075.97 Income and Distributions 10,370.76 44,807.01 Total Investment Related Activity $9,332.26 $28,774.23 Other Debits —(4,332.97) Total Cash Related Activity —$(4,332.97) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $59,925.01 $59,925.01 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Other Dividends $10,368.61 $44,798.62 Interest 2.15 8.39 Total Taxable Income And Distributions $10,370.76 $44,807.01 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $10,370.76 $44,807.01 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain ——$20,820.15 Short-Term (Loss)——(195.36) Total Short-Term ——$20,624.79 Long-Term Gain —14,048.75 373,582.98 TOTAL GAIN/(LOSS)—$14,048.75 $394,207.77 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 15 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY BANK N.A. #$59,925.01 —$30.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.67%$59,925.01 $30.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. EXCHANGE-TRADED & CLOSED-END FUNDS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % VANGUARD INDEX FDS S&P 500 ETF (VOO) 11/10/15 2/12/16 3,747.000 88.000 $190.518 170.865 $230.760 230.760 $713,870.95 15,036.08 $864,657.72 20,306.88 $150,786.77 5,270.80 LT LT Total 3,835.000 728,907.03 884,964.60 156,057.57 LT 17,181.00 1.94 Next Dividend Payable 12/2017; Asset Class: Equities VANGUARD TOTAL INTL STOCK ETF (VXUS) 11/10/15 2/12/16 2/10/17 12,680.000 637.000 2,858.000 46.269 40.297 48.258 54.730 54.730 54.730 586,684.58 25,669.25 137,922.22 693,976.40 34,863.01 156,418.34 107,291.82 9,193.76 18,496.12 LT LT ST Total 16,175.000 750,276.05 885,257.75 116,485.58 18,496.12 LT ST 22,710.00 2.56 Next Dividend Payable 12/2017; Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 16 of 130 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 49.41%$1,479,183.08 $1,770,222.35 $272,543.15 $18,496.12 LT ST $39,891.00 2.25% MUTUAL FUNDS “Total Purchases vs. Market Value” is provided to assist you in comparing your “Total Purchases,” excluding reinvested distributions, with the current value of the mutual fund positions in your account. “Cumulative Cash Distributions” when shown, may reflect distributions on shares no longer held in the account. It may not reflect all distributions received in cash; due to but not limited to: investments made prior to addition of this information on statements; securities transfers; timing of recent distributions; and certain adjustments made in your account. “Net Value Increase/ (Decrease)” reflects the difference between your total purchases, and the sum of the current value of the fund’s shares, and cash distributions shown. This calculation is for informational purposes only and does not reflect your total unrealized gain or loss nor should it be used for tax purposes. Global Investment Manager Analysis (GIMA) status codes (FL, AL or NL), may be shown for certain mutual funds and are not guarantees of performance. Refer to “GIMA Status in Investment Advisory Programs” in the June or December statement for a description of these codes. Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % AMG MNGRS DBLELINE CR PLS BD I (ADLIX) 11/13/15 36,180.796 $10.540 $10.690 $381,345.59 $386,772.71 $5,427.12 LT Purchases 36,180.796 381,345.59 386,772.71 5,427.12 LT Long Term Reinvestments 1,001.795 10,653.13 10,709.19 56.06 LT H Short Term Reinvestments 1,520.301 16,136.90 16,252.02 115.12 ST Total 38,702.892 408,135.62 413,733.92 5,483.18 115.12 LT ST 14,591.00 3.52 Total Purchases vs Market Value Net Value Increase/(Decrease) 381,345.59 413,733.92 32,388.33 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Basis Adjustment Due to Wash Sale: $14.95; Asset Class: FI & Pref LAZARD INTL STRAT EQ PTF INST (LISIX) 11/10/15 2/12/16 49,447.310 1,850.000 13.570 11.920 14.990 14.990 671,000.00 22,052.00 741,215.17 27,731.49 70,215.17 5,679.49 LT LT Purchases 51,297.310 693,052.00 768,946.66 75,894.66 LT Long Term Reinvestments 579.561 7,638.62 8,687.61 1,048.99 LT Short Term Reinvestments 836.709 10,333.35 12,542.26 2,208.91 ST Total 52,713.580 711,023.97 790,176.56 76,943.65 2,208.91 LT ST 10,490.00 1.32 Total Purchases vs Market Value Net Value Increase/(Decrease) 693,052.00 790,176.56 97,124.56 GIMA Status: FL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Equities TORTOISE MLP & PIPELINE INST (TORIX) 8/12/16 39,602.134 13.120 13.590 519,580.00 538,193.00 18,613.00 LT Purchases 39,602.134 519,580.00 538,193.00 18,613.00 LT Short Term Reinvestments 751.470 10,407.84 10,212.48 (195.36)ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 17 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 40,353.604 529,987.84 548,405.48 18,613.00 (195.36) LT ST 10,573.00 1.92 Total Purchases vs Market Value Net Value Increase/(Decrease) 519,580.00 548,405.48 28,825.48 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Alt Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MUTUAL FUNDS 48.91%$1,649,147.43 $1,752,315.96 $101,039.83 $2,128.67 LT ST $35,654.00 2.04% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$3,128,330.51 $3,582,463.32 $373,582.98 $20,624.79 LT ST $75,575.00 — 2.11% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. H - Wash sale rules apply to this tax lot. The cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. The aggregate amount of the basis adjustment is identified in italics under the Security Description. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $59,925.01 —————— ETFs & CEFs —$1,770,222.35 ————— Mutual Funds —790,176.56 $413,733.92 $548,405.48 ——— TOTAL ALLOCATION OF ASSETS $59,925.01 $2,560,398.91 $413,733.92 $548,405.48 ——— 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 7 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 18 of 130 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/27 Dividend Reinvestment AMG MNGRS DBLELINE CR PLS BD I REINVESTMENT a/o 09/26/17 96.965 $10.7100 $(1,038.50) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(1,038.50) TOTAL DIVIDEND REINVESTMENTS $(1,038.50) Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/25 Dividend VANGUARD TOTAL INTL STOCK ETF $4,820.15 9/25 Dividend VANGUARD INDEX FDS S&P 500 ETF 4,509.96 9/27 Dividend AMG MNGRS DBLELINE CR PLS BD I DIV PAYMENT 1,038.50 9/29 Interest Income MORGAN STANLEY BANK N.A. (Period 09/01-09/30) 2.15 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $10,370.76 TOTAL OTHER DIVIDENDS $10,368.61 TOTAL INTEREST $2.15 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/25 Automatic Investment BANK DEPOSIT PROGRAM $9,330.11 9/29 Automatic Investment BANK DEPOSIT PROGRAM 2.15 NET ACTIVITY FOR PERIOD $9,332.26 MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035181-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 19 of 130 Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 8 This page intentionally left blank Page 20 of 130 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-035196-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $692,902.32 $508,943.55 Credits —92,000.00 Debits —(2,298.63) Security Transfers —— Net Credits/Debits/Transfers —$89,701.37 Change in Value 4,861.91 99,119.31 TOTAL ENDING VALUE $697,764.23 $697,764.23 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 460 510 560 610 660 710 ($ ) T h o u s a n d s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 21 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $21,455.86 3.07 Equities 676,308.37 96.93 TOTAL VALUE $697,764.23 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 6 9 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 22 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $18,564.67 $33,965.07 Stocks 674,337.65 676,308.37 Net Unsettled Purchases/Sales —(12,509.21) Total Assets $692,902.32 $697,764.23 Total Liabilities (outstanding balance)—— TOTAL VALUE $692,902.32 $697,764.23 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $18,564.67 $12,873.73 Purchases (37,651.93)(218,473.24) Sales and Redemptions 39,452.07 131,965.51 2016 Net Unsettled Purch/Sales N/A (1,156.24) Net Unsettled Purch/Sales 12,509.21 12,509.21 Income and Distributions 1,091.05 6,544.73 Total Investment Related Activity $15,400.40 $(68,610.03) Electronic Transfers-Credits —92,000.00 Other Debits —(2,298.63) Total Cash Related Activity —$89,701.37 Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $33,965.07 $33,965.07 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Qualified Dividends $1,090.26 $6,541.57 Interest 0.79 3.16 Total Taxable Income And Distributions $1,091.05 $6,544.73 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,091.05 $6,544.73 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain $29.33 $6,263.57 $24,060.72 Short-Term (Loss)(774.45)(2,659.97)(1,919.10) Total Short-Term $(745.12)$3,603.60 $22,141.62 Long-Term Gain 10,641.83 12,166.20 69,192.96 Long-Term (Loss)——(11,545.93) Total Long-Term $10,641.83 $12,166.20 $57,647.03 TOTAL GAIN/(LOSS)$9,896.71 $15,769.80 $79,788.65 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account Manager:Amundi Pioneer Fundamental Growth CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 23 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % CASH $9,708.84 MORGAN STANLEY BANK N.A. #24,256.23 —12.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $33,965.07 $12.00 NET UNSETTLED PURCHASES/SALES $(12,509.21) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)3.07%$21,455.86 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 0 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 24 of 130 STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ACCENTURE PLC IRELAND CL A (ACN) 9/22/17 9/28/17 50.000 15.000 $137.658 136.583 $135.070 135.070 $6,882.91 2,048.75 $6,753.50 2,026.05 $(129.41) (22.70) ST ST Total 65.000 8,931.66 8,779.55 (152.11)ST 173.00 1.97 Next Dividend Payable 11/2017; Asset Class: Equities ADOBE SYSTEMS (ADBE) 2/2/17 2/13/17 5/15/17 68.000 12.000 14.000 113.049 117.802 137.343 149.180 149.180 149.180 7,687.34 1,413.62 1,922.80 10,144.24 1,790.16 2,088.52 2,456.90 376.54 165.72 ST ST ST 7/11/17 15.000 143.726 149.180 2,155.89 2,237.70 81.81 ST 9/25/17 1.000 144.400 149.180 144.40 149.18 4.78 ST Total 110.000 13,324.05 16,409.80 3,085.75 ST —— Asset Class: Equities ALLERGAN PLC SHS (AGN) 8/23/16 2/23/17 5/15/17 60.000 13.000 11.000 253.645 246.826 227.588 204.950 204.950 204.950 15,218.68 3,208.74 2,503.47 12,297.00 2,664.35 2,254.45 (2,921.68) (544.39) (249.02) LT ST ST 9/25/17 1.000 208.990 204.950 208.99 204.95 (4.04)ST 9/29/17 1.000 203.640 204.950 203.64 204.95 1.31 ST Total 86.000 21,343.52 17,625.70 (2,921.68) (796.14) LT ST 241.00 1.36 Next Dividend Payable 12/2017; Asset Class: Equities ALPHABET INC CL C (GOOG) 8/23/16 5/15/17 32.000 5.000 772.706 936.800 959.110 959.110 24,726.59 4,684.00 30,691.52 4,795.55 5,964.93 111.55 LT ST Total 37.000 29,410.59 35,487.07 5,964.93 111.55 LT ST —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 12/22/16 5/15/17 9.000 11.000 5.000 497.298 767.787 957.420 961.350 961.350 961.350 4,475.68 8,445.66 4,787.10 8,652.15 10,574.85 4,806.75 4,176.47 2,129.19 19.65 LT ST ST Total 25.000 17,708.44 24,033.75 4,176.47 2,148.84 LT ST —— Asset Class: Equities AMPHENOL CORP NEW CL A (APH) 9/16/16 9/20/16 9/27/16 44.000 11.000 23.000 62.739 64.400 64.033 84.640 84.640 84.640 2,760.52 708.40 1,472.76 3,724.16 931.04 1,946.72 963.64 222.64 473.96 LT LT LT 9/29/16 12.000 64.925 84.640 779.10 1,015.68 236.58 LT Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 25 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 10/7/16 23.000 64.987 84.640 1,494.71 1,946.72 452.01 ST 3/30/17 10.000 71.896 84.640 718.96 846.40 127.44 ST 5/15/17 21.000 73.255 84.640 1,538.36 1,777.44 239.08 ST 9/25/17 1.000 81.770 84.640 81.77 84.64 2.87 ST Total 145.000 9,554.58 12,272.80 1,896.82 821.40 LT ST 110.00 0.89 Next Dividend Payable 10/11/17; Asset Class: Equities APPLE INC (AAPL) 8/23/16 11/9/16 12/22/16 223.000 10.000 18.000 108.947 109.850 116.482 154.120 154.120 154.120 24,295.09 1,098.50 2,096.67 34,368.76 1,541.20 2,774.16 10,073.67 442.70 677.49 LT ST ST 5/15/17 45.000 155.225 154.120 6,985.13 6,935.40 (49.73)ST 7/13/17 13.000 148.022 154.120 1,924.29 2,003.56 79.27 ST Total 309.000 36,399.68 47,623.08 10,073.67 1,149.73 LT ST 779.00 1.63 Next Dividend Payable 11/2017; Asset Class: Equities BROADCOM LTD SHS (AVGO) 2/2/17 3/30/17 5/15/17 47.000 12.000 10.000 203.738 222.574 238.945 242.540 242.540 242.540 9,575.67 2,670.89 2,389.45 11,399.38 2,910.48 2,425.40 1,823.71 239.59 35.95 ST ST ST 9/29/17 8.000 243.190 242.540 1,945.52 1,940.32 (5.20)ST Total 77.000 16,581.53 18,675.58 2,094.05 ST 314.00 1.68 Next Dividend Payable 12/2017; Asset Class: Equities CABOT OIL & GAS CORP A (COG) 8/23/16 10/26/16 11/22/16 222.000 30.000 37.000 25.967 20.450 23.181 26.750 26.750 26.750 5,764.59 613.50 857.69 5,938.50 802.50 989.75 173.91 189.00 132.06 LT ST ST 5/15/17 42.000 24.060 26.750 1,010.52 1,123.50 112.98 ST 9/22/17 31.000 26.550 26.750 823.04 829.25 6.21 ST Total 362.000 9,069.34 9,683.50 173.91 440.25 LT ST 72.00 0.74 Next Dividend Payable 11/2017; Asset Class: Equities CELGENE CORP (CELG) 4/22/15 7/1/15 8/23/16 34.000 18.000 21.000 115.781 117.677 114.010 145.820 145.820 145.820 3,936.55 2,118.18 2,394.21 4,957.88 2,624.76 3,062.22 1,021.33 506.58 668.01 LT LT LT 5/15/17 28.000 118.968 145.820 3,331.09 4,082.96 751.87 ST Total 101.000 11,780.03 14,727.82 2,195.92 751.87 LT ST —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 26 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CHARLES SCHWAB NEW (SCHW) 9/22/17 9/25/17 9/28/17 179.000 1.000 50.000 42.521 42.430 43.873 43.740 43.740 43.740 7,611.31 42.43 2,193.64 7,829.46 43.74 2,187.00 218.15 1.31 (6.64) ST ST ST Total 230.000 9,847.38 10,060.20 212.82 ST 74.00 0.73 Next Dividend Payable 11/2017; Asset Class: Equities COGNIZANT TECH SOLUTIONS CL A (CTSH) 8/23/16 10/7/16 11/16/16 113.000 25.000 10.000 58.349 50.610 55.117 72.540 72.540 72.540 6,593.43 1,265.25 551.17 8,197.02 1,813.50 725.40 1,603.59 548.25 174.23 LT ST ST 5/15/17 22.000 64.437 72.540 1,417.61 1,595.88 178.27 ST 6/20/17 1.000 67.570 72.540 67.57 72.54 4.97 ST 9/25/17 2.000 71.500 72.540 143.00 145.08 2.08 ST Total 173.000 10,038.03 12,549.42 1,603.59 907.80 LT ST 104.00 0.82 Next Dividend Payable 11/2017; Asset Class: Equities COLGATE PALMOLIVE CO (CL) 8/23/16 11/9/16 5/3/17 67.000 13.000 23.000 74.587 70.327 71.025 72.850 72.850 72.850 4,997.34 914.25 1,633.58 4,880.95 947.05 1,675.55 (116.39) 32.80 41.97 LT ST ST 5/15/17 16.000 71.675 72.850 1,146.80 1,165.60 18.80 ST 6/20/17 1.000 76.510 72.850 76.51 72.85 (3.66)ST 8/15/17 14.000 71.783 72.850 1,004.96 1,019.90 14.94 ST 9/29/17 1.000 72.940 72.850 72.94 72.85 (0.09)ST Total 135.000 9,846.38 9,834.75 (116.39) 104.76 LT ST 216.00 2.19 Next Dividend Payable 11/2017; Asset Class: Equities COOPER CO INC NEW (COO) 5/9/17 5/11/17 5/12/17 13.000 13.000 12.000 207.646 207.008 207.867 237.110 237.110 237.110 2,699.40 2,691.10 2,494.40 3,082.43 3,082.43 2,845.32 383.03 391.33 350.92 ST ST ST 5/15/17 7.000 209.900 237.110 1,469.30 1,659.77 190.47 ST 9/27/17 15.000 235.573 237.110 3,533.59 3,556.65 23.06 ST 9/29/17 2.000 235.450 237.110 470.90 474.22 3.32 ST Total 62.000 13,358.69 14,700.82 1,342.13 ST 4.00 0.02 Next Dividend Payable 02/2018; Asset Class: Equities CVS HEALTH CORP COM (CVS) 6/12/15 8/5/15 8/23/16 77.000 41.000 94.000 102.265 110.521 97.465 81.320 81.320 81.320 7,874.42 4,531.35 9,161.71 6,261.64 3,334.12 7,644.08 (1,612.78) (1,197.23) (1,517.63) LT LT LT 11/9/16 8.000 75.286 81.320 602.29 650.56 48.27 ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 27 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 12/22/16 11.000 79.677 81.320 876.45 894.52 18.07 ST 5/15/17 40.000 80.437 81.320 3,217.47 3,252.80 35.33 ST 6/20/17 1.000 78.170 81.320 78.17 81.32 3.15 ST 9/29/17 1.000 81.150 81.320 81.15 81.32 0.17 ST Total 273.000 26,423.01 22,200.36 (4,327.64) 104.99 LT ST 546.00 2.45 Next Dividend Payable 11/2017; Asset Class: Equities ECOLAB INC (ECL) 8/23/16 5/15/17 9/29/17 70.000 10.000 5.000 122.754 127.520 128.704 128.610 128.610 128.610 8,592.79 1,275.20 643.52 9,002.70 1,286.10 643.05 409.91 10.90 (0.47) LT ST ST Total 85.000 10,511.51 10,931.85 409.91 10.43 LT ST 126.00 1.15 Next Dividend Payable 10/16/17; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 5/15/17 42.000 5.000 85.508 112.760 109.310 109.310 3,591.32 563.80 4,591.02 546.55 999.70 (17.25) LT ST Total 47.000 4,155.12 5,137.57 999.70 (17.25) LT ST —— Asset Class: Equities GILEAD SCIENCE (GILD) 8/23/16 5/15/17 6/27/17 108.000 16.000 15.000 81.319 65.879 71.677 81.020 81.020 81.020 8,782.47 1,054.06 1,075.15 8,750.16 1,296.32 1,215.30 (32.31) 242.26 140.15 LT ST ST 8/15/17 30.000 73.327 81.020 2,199.80 2,430.60 230.80 ST 9/25/17 1.000 83.140 81.020 83.14 81.02 (2.12)ST Total 170.000 13,194.62 13,773.40 (32.31) 611.09 LT ST 354.00 2.57 Next Dividend Payable 12/2017; Asset Class: Equities HERSHEY COMPANY (HSY) 8/23/16 5/15/17 9/29/17 84.000 13.000 1.000 113.132 107.810 109.240 109.170 109.170 109.170 9,503.05 1,401.53 109.24 9,170.28 1,419.21 109.17 (332.77) 17.68 (0.07) LT ST ST Total 98.000 11,013.82 10,698.66 (332.77) 17.61 LT ST 257.00 2.40 Next Dividend Payable 12/2017; Asset Class: Equities HOME DEPOT INC (HD) 8/23/16 11/9/16 5/15/17 158.000 12.000 15.000 136.113 124.808 156.915 163.560 163.560 163.560 21,505.89 1,497.70 2,353.72 25,842.48 1,962.72 2,453.40 4,336.59 465.02 99.68 LT ST ST 6/20/17 1.000 158.090 163.560 158.09 163.56 5.47 ST 9/29/17 5.000 163.424 163.560 817.12 817.80 0.68 ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 28 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 191.000 26,332.52 31,239.96 4,336.59 570.85 LT ST 680.00 2.17 Next Dividend Payable 12/2017; Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 8/23/16 2/13/17 205.000 65.000 6.000 47.147 55.776 59.033 68.700 68.700 68.700 9,665.06 3,625.44 354.20 14,083.50 4,465.50 412.20 4,418.44 840.06 58.00 LT LT ST 5/15/17 46.000 59.264 68.700 2,726.14 3,160.20 434.06 ST 5/31/17 15.000 60.287 68.700 904.30 1,030.50 126.20 ST 6/20/17 1.000 64.610 68.700 64.61 68.70 4.09 ST 9/25/17 3.000 66.847 68.700 200.54 206.10 5.56 ST Total 341.000 17,540.29 23,426.70 5,258.50 627.91 LT ST 273.00 1.16 Next Dividend Payable 12/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 8/23/16 5/15/17 48.000 8.000 137.800 132.256 142.910 142.910 6,614.40 1,058.05 6,859.68 1,143.28 245.28 85.23 LT ST Total 56.000 7,672.45 8,002.96 245.28 85.23 LT ST 155.00 1.93 Next Dividend Payable 10/06/17; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 8/23/16 10/26/16 5/15/17 88.000 11.000 15.000 119.497 113.967 126.857 130.010 130.010 130.010 10,515.75 1,253.64 1,902.86 11,440.88 1,430.11 1,950.15 925.13 176.47 47.29 LT ST ST 6/20/17 1.000 134.410 130.010 134.41 130.01 (4.40)ST 8/15/17 14.000 133.658 130.010 1,871.21 1,820.14 (51.07)ST Total 129.000 15,677.87 16,771.29 925.13 168.29 LT ST 433.00 2.58 Next Dividend Payable 12/2017; Asset Class: Equities MARSH & MCLENNAN COS INC (MMC) 2/16/17 2/23/17 3/16/17 71.000 12.000 25.000 72.889 73.048 74.663 83.810 83.810 83.810 5,175.15 876.58 1,866.57 5,950.51 1,005.72 2,095.25 775.36 129.14 228.68 ST ST ST 3/30/17 12.000 74.480 83.810 893.76 1,005.72 111.96 ST 5/15/17 19.000 73.910 83.810 1,404.29 1,592.39 188.10 ST 5/31/17 15.000 77.605 83.810 1,164.08 1,257.15 93.07 ST 8/15/17 16.000 78.159 83.810 1,250.54 1,340.96 90.42 ST 9/8/17 29.000 80.996 83.810 2,348.88 2,430.49 81.61 ST 9/22/17 30.000 82.667 83.810 2,480.02 2,514.30 34.28 ST 9/28/17 21.000 83.479 83.810 1,753.06 1,760.01 6.95 ST Total 250.000 19,212.93 20,952.50 1,739.57 ST 375.00 1.78 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 29 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 11/2017; Asset Class: Equities MASCO CORP (MAS) 9/20/16 9/27/16 10/7/16 78.000 80.000 51.000 32.704 34.455 33.961 39.010 39.010 39.010 2,550.90 2,756.39 1,732.02 3,042.78 3,120.80 1,989.51 491.88 364.41 257.49 LT LT ST 11/9/16 11.000 30.911 39.010 340.02 429.11 89.09 ST 5/15/17 39.000 36.780 39.010 1,434.42 1,521.39 86.97 ST 7/11/17 29.000 38.871 39.010 1,127.25 1,131.29 4.04 ST 9/25/17 2.000 38.190 39.010 76.38 78.02 1.64 ST Total 290.000 10,017.38 11,312.90 856.29 439.23 LT ST 122.00 1.07 Next Dividend Payable 11/2017; Asset Class: Equities MASTERCARD INC CL A (MA) 8/23/16 5/15/17 6/20/17 199.000 40.000 1.000 96.552 118.335 123.290 141.200 141.200 141.200 19,213.83 4,733.40 123.29 28,098.80 5,648.00 141.20 8,884.97 914.60 17.91 LT ST ST Total 240.000 24,070.52 33,888.00 8,884.97 932.51 LT ST 211.00 0.62 Next Dividend Payable 11/2017; Asset Class: Equities MEDTRONIC PLC SHS (MDT) 8/23/16 5/15/17 146.000 25.000 87.877 84.037 77.770 77.770 12,829.98 2,100.93 11,354.42 1,944.25 (1,475.56) (156.68) LT ST Total 171.000 14,930.91 13,298.67 (1,475.56) (156.68) LT ST 315.00 2.36 Next Dividend Payable 10/20/17; Asset Class: Equities MICROSOFT CORP (MSFT) 8/23/16 3/30/17 4/5/17 445.000 10.000 23.000 57.915 65.899 66.260 74.490 74.490 74.490 25,772.17 658.99 1,523.97 33,148.05 744.90 1,713.27 7,375.88 85.91 189.30 LT ST ST 5/15/17 77.000 68.185 74.490 5,250.25 5,735.73 485.48 ST 6/20/17 2.000 70.100 74.490 140.20 148.98 8.78 ST 7/13/17 27.000 71.970 74.490 1,943.18 2,011.23 68.05 ST 8/4/17 24.000 72.997 74.490 1,751.92 1,787.76 35.84 ST 8/15/17 18.000 73.153 74.490 1,316.76 1,340.82 24.06 ST 9/25/17 1.000 72.970 74.490 72.97 74.49 1.52 ST 9/29/17 1.000 74.310 74.490 74.31 74.49 0.18 ST Total 628.000 38,504.72 46,779.72 7,375.88 899.12 LT ST 1,055.00 2.25 Next Dividend Payable 12/2017; Asset Class: Equities O'REILLY AUTOMOTIVE INC NEW (ORLY) 8/23/16 5/15/17 27.000 5.000 284.991 258.758 215.370 215.370 7,694.76 1,293.79 5,814.99 1,076.85 (1,879.77) (216.94) LT ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 30 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 32.000 8,988.55 6,891.84 (1,879.77) (216.94) LT ST —— Asset Class: Equities PAYPAL HLDGS INC COM (PYPL) 6/22/17 7/11/17 7/13/17 108.000 58.000 32.000 53.593 54.964 57.441 64.030 64.030 64.030 5,787.99 3,187.92 1,838.11 6,915.24 3,713.74 2,048.96 1,127.25 525.82 210.85 ST ST ST 8/1/17 30.000 59.096 64.030 1,772.88 1,920.90 148.02 ST 8/4/17 30.000 58.658 64.030 1,759.73 1,920.90 161.17 ST 8/15/17 27.000 59.893 64.030 1,617.11 1,728.81 111.70 ST 9/29/17 1.000 63.970 64.030 63.97 64.03 0.06 ST Total 286.000 16,027.71 18,312.58 2,284.87 ST —— Asset Class: Equities PEPSICO INC NC (PEP) 8/23/16 5/15/17 8/15/17 156.000 14.000 12.000 107.856 113.904 118.899 111.430 111.430 111.430 16,825.52 1,594.66 1,426.79 17,383.08 1,560.02 1,337.16 557.56 (34.64) (89.63) LT ST ST 9/25/17 1.000 111.710 111.430 111.71 111.43 (0.28)ST Total 183.000 19,958.68 20,391.69 557.56 (124.55) LT ST 589.00 2.88 Next Dividend Payable 12/2017; Asset Class: Equities RAYTHEON CO (NEW) (RTN) 8/23/16 5/15/17 9/25/17 97.000 15.000 1.000 141.292 159.757 183.660 186.580 186.580 186.580 13,705.36 2,396.35 183.66 18,098.26 2,798.70 186.58 4,392.90 402.35 2.92 LT ST ST 9/29/17 3.000 185.677 186.580 557.03 559.74 2.71 ST Total 116.000 16,842.40 21,643.28 4,392.90 407.98 LT ST 370.00 1.70 Next Dividend Payable 11/2017; Asset Class: Equities ROSS STORES INC (ROST) 8/23/16 10/7/16 5/15/17 109.000 11.000 18.000 64.300 64.074 62.695 64.570 64.570 64.570 7,008.68 704.81 1,128.51 7,038.13 710.27 1,162.26 29.45 5.46 33.75 LT ST ST 6/30/17 31.000 57.646 64.570 1,787.02 2,001.67 214.65 ST 9/29/17 12.000 64.688 64.570 776.25 774.84 (1.41)ST Total 181.000 11,405.27 11,687.17 29.45 252.45 LT ST 116.00 0.99 Next Dividend Payable 12/2017; Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 11/16/16 5/15/17 154.000 31.000 32.000 56.696 55.418 60.347 53.710 53.710 53.710 8,731.15 1,717.97 1,931.10 8,271.34 1,665.01 1,718.72 (459.81) (52.96) (212.38) LT ST ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 31 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 9/29/17 13.000 53.705 53.710 698.17 698.23 0.06 ST Total 230.000 13,078.39 12,353.30 (459.81) (265.28) LT ST 230.00 1.86 Next Dividend Payable 11/2017; Asset Class: Equities THERMO FISHER SCIENTIFIC (TMO) 8/23/16 10/26/16 5/15/17 106.000 13.000 19.000 154.857 146.472 171.873 189.200 189.200 189.200 16,414.80 1,904.13 3,265.59 20,055.20 2,459.60 3,594.80 3,640.40 555.47 329.21 LT ST ST Total 138.000 21,584.52 26,109.60 3,640.40 884.68 LT ST 83.00 0.31 Next Dividend Payable 10/16/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 8/23/16 11/9/16 12/28/16 134.000 15.000 12.000 80.697 87.003 96.353 102.450 102.450 102.450 10,813.35 1,305.04 1,156.24 13,728.30 1,536.75 1,229.40 2,914.95 231.71 73.16 LT ST ST 3/10/17 13.000 98.664 102.450 1,282.63 1,331.85 49.22 ST 5/15/17 34.000 98.055 102.450 3,333.87 3,483.30 149.43 ST 6/20/17 1.000 99.590 102.450 99.59 102.45 2.86 ST Total 209.000 17,990.72 21,412.05 2,914.95 506.38 LT ST 336.00 1.56 Next Dividend Payable 11/2017; Asset Class: Equities UNITED TECHNOLOGIES CORP (UTX) 8/23/16 9/29/16 5/15/17 58.000 11.000 13.000 108.020 102.165 120.997 116.080 116.080 116.080 6,265.16 1,123.82 1,572.96 6,732.64 1,276.88 1,509.04 467.48 153.06 (63.92) LT LT ST 9/25/17 1.000 113.980 116.080 113.98 116.08 2.10 ST Total 83.000 9,075.92 9,634.64 620.54 (61.82) LT ST 232.00 2.40 Next Dividend Payable 12/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 11/20/14 5/15/17 40.000 6.000 110.550 115.665 152.040 152.040 4,422.00 693.99 6,081.60 912.24 1,659.60 218.25 LT ST Total 46.000 5,115.99 6,993.84 1,659.60 218.25 LT ST —— Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.93%$596,519.72 $676,308.37 $57,647.03 $22,141.62 LT ST $8,945.00 1.32% 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 4 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 32 of 130 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$596,519.72 $697,764.23 $57,647.03 $22,141.62 LT ST $8,957.00 — 1.28% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $21,455.86 —————— Stocks —$676,308.37 ————— TOTAL ALLOCATION OF ASSETS $21,455.86 $676,308.37 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/8 9/12 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 29.000 $80.9958 $(2,348.88) 9/12 9/14 Sold MASTERCARD INC CL A ACTED AS AGENT 15.000 142.1151 2,131.68 9/22 9/26 Sold WALT DISNEY CO HLDG CO ACTED AS AGENT 125.000 98.6027 12,325.05 9/22 9/26 Sold NIKE INC B ACTED AS AGENT 198.000 53.2394 10,541.15 9/22 9/26 Sold APPLE INC ACTED AS AGENT 8.000 151.4740 1,211.76 9/22 9/26 Bought CHARLES SCHWAB NEW ACTED AS AGENT 179.000 42.5213 (7,611.31) 9/22 9/26 Bought ACCENTURE PLC IRELAND CL A ACTED AS AGENT 50.000 137.6582 (6,882.91) 9/22 9/26 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 30.000 82.6673 (2,480.02) 9/22 9/26 Bought CABOT OIL & GAS CORP A ACTED AS AGENT 31.000 26.5497 (823.04) 9/25 9/27 Bought ALLERGAN PLC SHS ACTED AS AGENT 1.000 208.9850 (208.99) 9/25 9/27 Bought INTERCONTINENTALEXCHANGE GROUP ACTED AS AGENT 3.000 66.8469 (200.54) 9/25 9/27 Bought RAYTHEON CO (NEW)ACTED AS AGENT 1.000 183.6550 (183.66) 9/25 9/27 Bought ADOBE SYSTEMS ACTED AS AGENT 1.000 144.4000 (144.40) 9/25 9/27 Bought COGNIZANT TECH SOLUTIONS CL A ACTED AS AGENT 2.000 71.4990 (143.00) 9/25 9/27 Bought UNITED TECHNOLOGIES CORP ACTED AS AGENT 1.000 113.9830 (113.98) 9/25 9/27 Bought PEPSICO INC NC ACTED AS AGENT 1.000 111.7100 (111.71) 9/25 9/27 Bought GILEAD SCIENCE ACTED AS AGENT 1.000 83.1440 (83.14) 9/25 9/27 Bought AMPHENOL CORP NEW CL A ACTED AS AGENT 1.000 81.7699 (81.77) 9/25 9/27 Bought MASCO CORP ACTED AS AGENT 2.000 38.1889 (76.38) 9/25 9/27 Bought MICROSOFT CORP ACTED AS AGENT 1.000 72.9650 (72.97) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 33 of 130 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/25 9/27 Bought CHARLES SCHWAB NEW ACTED AS AGENT 1.000 42.4270 (42.43) 9/27 9/29 Sold AMAZON COM INC ACTED AS AGENT 14.000 945.9099 13,242.43 9/27 9/29 Bought COOPER CO INC NEW ACTED AS AGENT 15.000 235.5725 (3,533.59) 9/28 10/2 Bought CHARLES SCHWAB NEW ACTED AS AGENT 50.000 43.8728 (2,193.64) 9/28 10/2 Bought ACCENTURE PLC IRELAND CL A ACTED AS AGENT 15.000 136.5833 (2,048.75) 9/28 10/2 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 21.000 83.4792 (1,753.06) 9/29 10/3 Bought BROADCOM LTD SHS ACTED AS AGENT 8.000 243.1898 (1,945.52) 9/29 10/3 Bought HOME DEPOT INC ACTED AS AGENT 5.000 163.4236 (817.12) 9/29 10/3 Bought ROSS STORES INC ACTED AS AGENT 12.000 64.6874 (776.25) 9/29 10/3 Bought STARBUCKS CORP WASHINGTON ACTED AS AGENT 13.000 53.7050 (698.17) 9/29 10/3 Bought ECOLAB INC ACTED AS AGENT 5.000 128.7040 (643.52) 9/29 10/3 Bought RAYTHEON CO (NEW)ACTED AS AGENT 3.000 185.6772 (557.03) 9/29 10/3 Bought COOPER CO INC NEW ACTED AS AGENT 2.000 235.4518 (470.90) 9/29 10/3 Bought ALLERGAN PLC SHS ACTED AS AGENT 1.000 203.6400 (203.64) 9/29 10/3 Bought HERSHEY COMPANY ACTED AS AGENT 1.000 109.2439 (109.24) 9/29 10/3 Bought CVS HEALTH CORP COM ACTED AS AGENT 1.000 81.1545 (81.15) 9/29 10/3 Bought MICROSOFT CORP ACTED AS AGENT 1.000 74.3069 (74.31) 9/29 10/3 Bought COLGATE PALMOLIVE CO ACTED AS AGENT 1.000 72.9400 (72.94) 9/29 10/3 Bought PAYPAL HLDGS INC COM ACTED AS AGENT 1.000 63.9669 (63.97) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $1,800.14 TOTAL PURCHASES $(37,651.93) TOTAL SALES AND REDEMPTIONS $39,452.07 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. UNSETTLED PURCHASES/SALES ACTIVITY Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 9/28 10/2 Bought ACCENTURE PLC IRELAND CL A UNSETTLED PURCHASE 15.000 $136.5833 $(2,048.75) 9/28 10/2 Bought CHARLES SCHWAB NEW UNSETTLED PURCHASE 50.000 43.8728 (2,193.64) 9/28 10/2 Bought MARSH & MCLENNAN COS INC UNSETTLED PURCHASE 21.000 83.4792 (1,753.06) 9/29 10/3 Bought ALLERGAN PLC SHS UNSETTLED PURCHASE 1.000 203.6400 (203.64) 9/29 10/3 Bought BROADCOM LTD SHS UNSETTLED PURCHASE 8.000 243.1898 (1,945.52) 9/29 10/3 Bought COLGATE PALMOLIVE CO UNSETTLED PURCHASE 1.000 72.9400 (72.94) 9/29 10/3 Bought COOPER CO INC NEW UNSETTLED PURCHASE 2.000 235.4518 (470.90) 9/29 10/3 Bought CVS HEALTH CORP COM UNSETTLED PURCHASE 1.000 81.1545 (81.15) 9/29 10/3 Bought ECOLAB INC UNSETTLED PURCHASE 5.000 128.7040 (643.52) 9/29 10/3 Bought HERSHEY COMPANY UNSETTLED PURCHASE 1.000 109.2439 (109.24) 9/29 10/3 Bought HOME DEPOT INC UNSETTLED PURCHASE 5.000 163.4236 (817.12) 9/29 10/3 Bought MICROSOFT CORP UNSETTLED PURCHASE 1.000 74.3069 (74.31) 9/29 10/3 Bought PAYPAL HLDGS INC COM UNSETTLED PURCHASE 1.000 63.9669 (63.97) 9/29 10/3 Bought RAYTHEON CO (NEW)UNSETTLED PURCHASE 3.000 185.6772 (557.03) 9/29 10/3 Bought ROSS STORES INC UNSETTLED PURCHASE 12.000 64.6874 (776.25) 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 5 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 34 of 130 UNSETTLED PURCHASES/SALES ACTIVITY (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 9/29 10/3 Bought STARBUCKS CORP WASHINGTON UNSETTLED PURCHASE 13.000 53.7050 (698.17) NET UNSETTLED PURCHASES/SALES $(12,509.21) This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services. TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/11 Qualified Dividend UNITED TECHNOLOGIES CORP $57.40 9/12 Qualified Dividend JOHNSON & JOHNSON 108.36 9/14 Qualified Dividend MICROSOFT CORP 237.12 9/14 Qualified Dividend HOME DEPOT INC 165.54 9/15 Qualified Dividend HERSHEY COMPANY 63.63 9/15 Qualified Dividend ALLERGAN PLC SHS 58.80 9/28 Qualified Dividend GILEAD SCIENCE 87.88 9/29 Qualified Dividend PEPSICO INC NC 146.51 9/29 Qualified Dividend BROADCOM LTD SHS 70.38 9/29 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 67.60 9/29 Qualified Dividend ROSS STORES INC 27.04 9/29 Interest Income MORGAN STANLEY BANK N.A. (Period 09/01-09/30) 0.79 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,091.05 TOTAL QUALIFIED DIVIDENDS $1,090.26 TOTAL INTEREST $0.79 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/11 Automatic Investment BANK DEPOSIT PROGRAM $57.40 9/12 Automatic Redemption BANK DEPOSIT PROGRAM (2,240.52) 9/14 Automatic Investment BANK DEPOSIT PROGRAM 402.66 9/15 Automatic Investment BANK DEPOSIT PROGRAM 2,195.31 9/18 Automatic Investment BANK DEPOSIT PROGRAM 58.80 9/27 Automatic Investment BANK DEPOSIT PROGRAM 4,817.71 9/28 Automatic Investment BANK DEPOSIT PROGRAM 87.88 9/29 Automatic Investment BANK DEPOSIT PROGRAM 311.53 9/29 Automatic Investment BANK DEPOSIT PROGRAM 0.79 NET ACTIVITY FOR PERIOD $5,691.56 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 35 of 130 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments AMAZON COM INC 12/22/14 09/27/17 14.000 $13,242.43 $4,292.61 $8,949.82 APPLE INC 08/23/16 09/22/17 8.000 1,211.76 871.57 340.19 MASTERCARD INC CL A 08/23/16 09/12/17 15.000 2,131.68 1,448.28 683.40 NIKE INC B 02/23/15 09/22/17 68.000 3,620.19 3,227.52 392.67 WALT DISNEY CO HLDG CO 08/23/16 09/22/17 102.000 10,057.24 9,781.49 275.75 Long-Term This Period $30,263.30 $19,621.47 $10,641.83 Long-Term Year to Date $45,210.41 $33,044.21 $12,166.20 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments NIKE INC B 11/09/16 09/22/17 12.000 638.86 609.53 29.33 03/30/17 09/22/17 26.000 1,384.19 1,455.89 (71.70) 05/15/17 09/22/17 18.000 958.29 968.34 (10.05) 07/11/17 09/22/17 29.000 1,543.91 1,696.00 (152.09) 07/21/17 09/22/17 45.000 2,395.71 2,684.27 (288.56) WALT DISNEY CO HLDG CO 05/15/17 09/22/17 23.000 2,267.81 2,519.86 (252.05) Short-Term This Period $9,188.77 $9,933.89 $(745.12) Short-Term Year to Date $86,755.10 $83,151.50 $3,603.60 Net Realized Gain/(Loss) This Period $39,452.07 $29,555.36 $9,896.71 Net Realized Gain/(Loss) Year to Date $131,965.51 $116,195.71 $15,769.80 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-035196-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 36 of 130 Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Basic Securities Account 660-110035-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $1,980,557.86 $1,933,556.09 Credits —— Debits —(7,031.36) Security Transfers —— Net Credits/Debits/Transfers —$(7,031.36) Change in Value (5,959.30)48,073.83 TOTAL ENDING VALUE $1,974,598.56 $1,974,598.56 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 1.6 1.7 1.8 1.9 2 2.1 ($ ) M i l l i o n s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 37 of 130 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $34,372.07 1.74 Fixed Income & Preferreds 1,940,226.49 98.26 TOTAL VALUE $1,974,598.56 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 7 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 38 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $126,105.61 $34,372.07 Corporate Fixed Income^1,170,256.77 1,241,567.90 Government Securities^684,195.48 698,658.59 Total Assets $1,980,557.86 $1,974,598.56 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,980,557.86 $1,974,598.56 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $126,105.61 $43,948.88 Purchases (275,349.66)(2,377,762.91) Sales and Redemptions 175,342.15 2,328,607.93 Return of Principal 1,721.53 8,067.83 Income and Distributions 6,552.44 38,541.70 Total Investment Related Activity $(91,733.54)$(2,545.45) Other Debits —(7,031.36) Total Cash Related Activity —$(7,031.36) CLOSING CASH, BDP, MMFs $34,372.07 $34,372.07 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Interest $6,552.44 $38,541.70 Total Taxable Income And Distributions $6,552.44 $38,541.70 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $6,552.44 $38,541.70 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain $911.68 $5,365.59 $4,050.88 Short-Term (Loss)(1,679.12)(22,627.16)(4,024.43) Total Short-Term $(767.44)$(17,261.57)$26.45 Long-Term Gain —2,130.78 5,826.51 Long-Term (Loss)—(512.00)(735.82) Total Long-Term —$1,618.78 $5,090.69 TOTAL GAIN/(LOSS)$(767.44)$(15,642.79)$5,117.14 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. ADDITIONAL ACCOUNT INFORMATION Category This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17)Category This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Accrued Interest Paid $678.08 $11,891.11 Accrued Interest Received 331.44 9,286.10 U.S. Treasury Coupon Interest 1,461.25 6,811.54 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 Investment Objectives (in order of priority) †: Income Investment Advisory Account Manager:Sage Advisory - Intermediate Taxab CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 39 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$34,372.07 —$17.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.74%$34,372.07 $17.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. CORPORATE FIXED INCOME CORPORATE BONDS Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % AMERICAN EXPRESS CO Coupon Rate 1.550%; Matures 05/22/2018; CUSIP 025816BG3 5/12/16 6/23/16 29,000.000 10,000.000 $100.281 $100.090 100.357 100.122 $99.987 99.987 $29,081.49 $29,026.20 10,035.70 10,012.15 $28,996.23 9,998.70 $(29.97) (13.45) LT LT Total 39,000.000 39,117.19 39,038.35 38,994.93 (43.42)LT 605.00 214.93 1.55 Int. Semi-Annually May/Nov 22; Yield to Maturity 1.569%; Moody A3 S&P BBB+; Issued 05/22/13; Asset Class: FI & Pref 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 8 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 40 of 130 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % BP CAPITAL MARKETS PLC Coupon Rate 2.241%; Matures 09/26/2018; CUSIP 05565QCG1 11/16/15 38,000.000 101.376 100.483 100.605 38,522.88 38,183.64 38,229.90 46.26 LT 852.00 9.46 2.22 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.622%; Moody A1 S&P A-; Issued 09/26/13; Asset Class: FI & Pref DOW CHEMCIAL CO Coupon Rate 8.550%; Matures 05/15/2019; CUSIP 260543BX0 3/2/17 33,000.000 113.834 110.306 110.420 37,565.22 36,401.01 36,438.60 37.59 ST 2,822.00 1,058.06 7.74 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.999%; Moody BAA2 S&P BBB; Issued 05/13/09; Asset Class: FI & Pref ACTAVIS FUNDING SCS Coupon Rate 3.000%; Matures 03/12/2020; CUSIP 00507UAP6 6/8/17 38,000.000 102.322 102.074 102.093 38,882.36 38,788.22 38,795.34 7.12 ST 1,140.00 57.00 2.93 Int. Semi-Annually Mar/Sep 12; Callable $100.00 on 02/12/20; Yield to Call 2.088%; Moody BAA3 S&P BBB; Issued 03/12/15; Asset Class: FI & Pref ABBOTT LABORATORIES Coupon Rate 2.000%; Matures 03/15/2020; CUSIP 002824AZ3 6/5/17 39,000.000 100.160 100.142 99.787 39,062.40 39,055.48 38,916.93 (138.55)ST 780.00 32.50 2.00 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.089%; Moody BAA3 S&P BBB; Issued 03/10/15; Asset Class: FI & Pref APPLE INC Coupon Rate 1.800%; Matures 05/11/2020; CUSIP 037833CS7 6/1/17 39,000.000 100.133 100.119 100.045 39,051.87 39,046.34 39,017.55 (28.79)ST 702.00 271.04 1.79 Int. Semi-Annually May/Nov 11; Yield to Maturity 1.782%; First Coupon 11/11/17; Moody AA1 S&P AA+; Issued 05/11/17; Asset Class: FI & Pref CVS HEALTH CORP Coupon Rate 2.800%; Matures 07/20/2020; CUSIP 126650CJ7 6/15/17 38,000.000 101.963 101.789 101.724 38,745.94 38,679.84 38,655.12 (24.72)ST 1,064.00 206.88 2.75 Int. Semi-Annually Jan/Jul 20; Callable $100.00 on 06/20/20; Yield to Call 2.144%; Moody BAA1 S&P BBB+; Issued 07/20/15; Asset Class: FI & Pref HP ENTERPRISE CO Coupon Rate 3.600%; Matures 10/15/2020; CUSIP 42824CAG4 5/23/17 38,000.000 103.995 103.599 103.655 39,518.10 39,367.69 39,388.90 21.21 ST 1,368.00 626.99 3.47 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/20; Yield to Call 2.314%; Moody BAA2 S&P BBB; Issued 10/15/16; Asset Class: FI & Pref CONOCOPHILLIPS COMPANY Coupon Rate 4.200%; Matures 03/15/2021; CUSIP 20826FAS5 1/10/17 36,000.000 106.491 105.423 106.349 38,336.76 37,952.29 38,285.64 333.35 ST 1,512.00 63.00 3.94 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/21; Yield to Call 2.236%; Moody BAA1 S&P A-; Issued 03/08/16; Asset Class: FI & Pref CAPITAL ONE FINANCIAL CO Coupon Rate 4.750%; Matures 07/15/2021; CUSIP 14040HAY1 5/1/17 36,000.000 107.824 107.099 108.050 38,816.64 38,555.64 38,898.00 342.36 ST 1,710.00 356.24 4.39 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.510%; Moody BAA1 S&P BBB; Issued 07/19/11; Asset Class: FI & Pref SUMITOMO MITSUI FINL GRP Coupon Rate 2.446%; Matures 10/19/2021; CUSIP 86562MAJ9 9/20/17 9/21/17 27,000.000 11,000.000 101.666 101.656 101.622 101.616 101.685 101.685 27,449.77 27,447.17 11,178.42 11,177.73 27,454.95 11,185.35 7.78 7.62 ST ST Total 38,000.000 38,628.19 38,624.90 38,640.30 15.40 ST 930.00 183.32 2.40 Interest Paid Quarterly Jan 19; Yield to Maturity 2.011%; Floater; Moody A1 S&P A-; Issued 10/19/16; Asset Class: FI & Pref ROYAL BANK OF CANADA Coupon Rate 2.040%; Matures 02/01/2022; CUSIP 78012KZD2 9/18/17 39,000.000 100.812 100.807 100.721 39,316.68 39,314.59 39,281.19 (33.40)ST 796.00 128.21 2.02 Interest Paid Quarterly May 02; Yield to Maturity 1.866%; Floater; Moody A1 S&P AA-; Issued 01/31/17; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 41 of 130 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % VERIZON COMMUNICATIONS Coupon Rate 3.125%; Matures 03/16/2022; CUSIP 92343VDW1 7/5/17 39,000.000 101.424 101.359 102.471 39,555.36 39,530.19 39,963.69 433.50 ST 1,219.00 47.39 3.05 Int. Semi-Annually Mar/Sep 16; Yield to Maturity 2.536%; Moody BAA1 S&P BBB+; Issued 03/16/17; Asset Class: FI & Pref WILLIAMS PARTNERS LP Coupon Rate 3.350%; Matures 08/15/2022; CUSIP 96950FAJ3 8/10/16 41,000.000 97.255 97.255 101.501 39,874.55 39,874.55 41,615.41 1,740.86 LT 1,374.00 171.68 3.30 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 05/15/22; Yield to Call 2.999%; Moody BAA3 S&P BBB; Issued 08/14/12; Asset Class: FI & Pref ABBVIE INC Coupon Rate 2.900%; Matures 11/06/2022; CUSIP 00287YAL3 7/23/14 11/28/14 11/16/15 5,000.000 2,000.000 32,000.000 97.377 97.377 98.078 98.078 96.934 96.934 101.411 101.411 101.411 4,868.85 4,868.85 1,961.56 1,961.56 31,018.88 31,018.88 5,070.55 2,028.22 32,451.52 201.70 66.66 1,432.64 LT LT LT Total 39,000.000 37,849.29 37,849.29 39,550.29 1,701.00 LT 1,131.00 452.40 2.85 Int. Semi-Annually May/Nov 06; Yield to Maturity 2.602%; Moody BAA2 S&P A-; Issued 05/06/13; Asset Class: FI & Pref WELLS FARGO & COMPANY Coupon Rate 3.069%; Matures 01/24/2023; CUSIP 949746SK8 2/24/17 39,000.000 100.842 100.765 101.713 39,328.38 39,298.27 39,668.07 369.80 ST 1,197.00 219.43 3.01 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 01/24/22; Yield to Call 2.646%; Moody A2 S&P A; Issued 01/24/17; Asset Class: FI & Pref JP MORGAN CHASE & CO Coupon Rate 3.200%; Matures 01/25/2023; CUSIP 46625HJH4 11/10/15 11/16/15 7,000.000 31,000.000 99.660 99.660 100.125 100.095 102.558 102.558 6,976.20 6,976.20 31,038.75 31,029.50 7,179.06 31,792.98 202.86 763.48 LT LT Total 38,000.000 38,014.95 38,005.70 38,972.04 966.34 LT 1,216.00 219.55 3.12 Int. Semi-Annually Jan/Jul 25; Yield to Maturity 2.680%; Moody A3 S&P A-; Issued 01/25/13; Asset Class: FI & Pref ANHEUSER-BUSCH INBEV FIN Coupon Rate 3.300%; Matures 02/01/2023; CUSIP 035242AL0 4/5/16 37,000.000 104.564 103.638 103.677 38,688.68 38,345.98 38,360.49 14.51 LT 1,221.00 200.10 3.18 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 12/01/22; Yield to Call 2.536%; Moody A3 S&P A-; Issued 01/25/16; Asset Class: FI & Pref GOLDAM SACHS GROUP INC 2.905% FIXED TO 07/24/2022 FLTS THERE Coupon Rate 2.905%; Matures 07/24/2023; CUSIP 38141GWM2 8/2/17 40,000.000 100.266 100.260 100.072 40,106.40 40,103.93 40,028.80 (75.13)ST 1,162.00 213.03 2.90 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 07/24/22; Yield to Maturity 2.891%; First Coupon 01/24/18; Floater; Moody A3 S&P BBB+; Issued 07/24/17; Asset Class: FI & Pref ECOPETROL SA Coupon Rate 5.875%; Matures 09/18/2023; CUSIP 279158AC3 2/2/17 35,000.000 107.350 106.720 111.050 37,572.50 37,351.96 38,867.50 1,515.54 ST 2,056.00 68.54 5.28 Int. Semi-Annually Mar/Sep 18; Yield to Maturity 3.789%; Moody BAA3 S&P BBB; Issued 09/18/13; Asset Class: FI & Pref TOYOTA MOTOR CREDIT CORP Coupon Rate 2.250%; Matures 10/18/2023; CUSIP 89236TDK8 10/14/16 39,000.000 100.058 100.051 98.369 39,022.62 39,019.75 38,363.91 (655.84)ST 878.00 394.87 2.28 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 7 9 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 42 of 130 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Int. Semi-Annually Apr/Oct 18; Yield to Maturity 2.543%; Moody AA3 S&P AA-; Issued 10/18/16; Asset Class: FI & Pref HEALTH CARE REIT INC Coupon Rate 4.000%; Matures 06/01/2025; CUSIP 42217KBF2 5/20/16 37,000.000 102.442 102.125 104.252 37,903.54 37,786.32 38,573.24 786.92 LT 1,480.00 489.22 3.83 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 03/01/25; Yield to Call 3.348%; Moody BAA1 S&P BBB+; Issued 05/26/15; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 4.450%; Matures 03/03/2026; CUSIP 06051GFU8 10/4/16 37,000.000 107.141 106.499 105.724 39,642.17 39,404.77 39,117.88 (286.89)ST 1,647.00 123.48 4.21 Int. Semi-Annually Mar/Sep 03; Yield to Maturity 3.654%; Moody BAA3 (+) S&P BBB; Issued 03/03/16; Asset Class: FI & Pref SABINE PASS LIQUEFACTION LLC Coupon Rate 5.875%; Matures 06/30/2026; CUSIP 785592AV8 2/28/17 39,000.000 111.762 111.159 111.583 43,587.18 43,352.05 43,517.37 165.32 ST 2,291.00 572.81 5.26 Int. Semi-Annually Jun/Dec 30; Callable $100.00 on 12/31/25; Yield to Call 4.199%; Moody BAA3 S&P BBB-; Issued 12/31/16; Asset Class: FI & Pref KROGER CO Coupon Rate 2.650%; Matures 10/15/2026; CUSIP 501044DE8 7/14/17 42,000.000 92.916 92.916 91.458 39,024.72 39,024.72 38,412.36 (612.36)ST 1,113.00 510.12 2.89 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 07/15/26; Yield to Maturity 3.774%; Moody BAA1 S&P BBB; Issued 10/03/16; Asset Class: FI & Pref AIR LEASE CORP Coupon Rate 3.625%; Matures 04/01/2027; CUSIP 00912XAV6 4/11/17 4/13/17 4/17/17 28,000.000 6,000.000 5,000.000 98.882 98.882 99.145 99.145 99.474 99.474 100.068 100.068 100.068 27,686.96 27,686.96 5,948.70 5,948.70 4,973.70 4,973.70 28,019.04 6,004.08 5,003.40 332.08 55.38 29.70 ST ST ST Total 39,000.000 38,609.36 38,609.36 39,026.52 417.16 ST 1,414.00 793.27 3.62 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 01/01/27; Yield to Call 3.616%; First Coupon 10/01/17; S&P BBB; Issued 03/08/17; Asset Class: FI & Pref AT&T INC Coupon Rate 3.900%; Matures 08/14/2027; CUSIP 00206REM0 8/15/17 40,000.000 99.736 99.736 100.195 39,894.40 39,894.40 40,078.00 183.60 ST 1,560.00 229.66 3.89 Int. Semi-Annually Feb/Aug 14; Callable $100.00 on 05/14/27; Yield to Call 3.875%; First Coupon 02/14/18; Moody BAA1 (-) S&P BBB+ (-); Issued 08/07/17; Asset Class: FI & Pref CITIGROUP INC 3.66 FXD TO 07/24/2027 FLTS THRFTR Coupon Rate 3.668%; Matures 07/24/2028; CUSIP 172967LP4 9/12/17 39,000.000 101.246 101.242 100.979 39,485.94 39,484.19 39,381.81 (102.38)ST 1,431.00 262.26 3.63 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 07/24/27; Yield to Call 3.549%; First Coupon 01/24/18; Floater; Moody BAA1 S&P BBB+; Issued 07/24/17; Asset Class: FI & Pref CORPORATE BONDS 1,071,000.000 $1,093,724.27 $1,089,943.42 $1,097,039.78 $5,212.47 $1,883.89 LT ST $36,671.00 $8,175.44 3.34% Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 43 of 130 OTHER FIXED INCOME Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % BACCT 2014-A1 A Coupon Rate 1.614%; Matures 06/15/2021; CUSIP 05522RCQ9 11/13/15 11/17/15 10/5/16 18,000.000 50,000.000 10,000.000 $99.684 $99.684 99.461 99.461 100.387 100.387 $100.359 100.359 100.359 $17,943.05 $17,943.05 49,730.45 49,730.45 10,038.67 10,038.67 $18,064.62 50,179.50 10,035.90 $121.57 449.05 (2.77) LT LT ST Total 78,000.000 77,712.17 77,712.17 78,280.02 570.62 (2.77) LT ST 1,259.00 52.46 1.60 Interest Paid Monthly Sep 15; Yield to Maturity 1.514%; Floater; Moody AAA S&P AAA; Issued 02/13/14; Asset Class: FI & Pref COMET 2016-A6 A Coupon Rate 1.820%; Matures 09/15/2022; CUSIP 14041NFH9 3/16/17 58,000.000 99.789 99.789 99.959 57,877.68 57,877.68 57,976.22 98.54 ST 1,056.00 43.98 1.82 Interest Paid Monthly Sep 15; Yield to Maturity 1.829%; S&P AAA; Issued 12/08/16; Asset Class: FI & Pref OTHER FIXED INCOME 136,000.000 $135,589.85 $135,589.85 $136,256.24 $570.62 $95.77 LT ST $2,315.00 $96.44 1.70% Percentage of Holdings Face Value Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % CORPORATE FIXED INCOME 1,207,000.000 $1,229,314.12 $1,225,533.27 $1,233,296.02 $5,783.09 $1,979.66 LT ST $38,986.00 $8,271.88 3.16% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 62.88%$1,241,567.90 Watchlist and CreditWatch Indicators: (*) = developing/uncertain (+) = On Watchlist/CreditWatch Upgrade (-) = On Watchlist/CreditWatch Downgrade GOVERNMENT SECURITIES TREASURY SECURITIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % UNITED STATES TREASURY NOTE Coupon Rate 0.750%; Matures 02/15/2019; CUSIP 912828P53 6/15/17 4,000.000 $99.047 $99.047 $99.102 $3,961.89 $3,961.89 $3,964.08 $2.19 ST $30.00 $3.75 0.75 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.411%; Moody AAA; Issued 02/15/16; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.625%; Matures 06/30/2019; CUSIP 912828WS5 6/28/17 53,000.000 100.547 100.478 100.285 53,290.02 53,253.39 53,151.05 (102.34)ST 861.00 215.31 1.61 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 0 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 44 of 130 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Int. Semi-Annually Jun/Dec 31; Yield to Maturity 1.459%; Moody AAA; Issued 06/30/14; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.375%; Matures 08/31/2020; CUSIP 912828L32 5/5/17 54,000.000 99.274 99.274 99.313 53,607.85 53,607.85 53,629.02 21.17 ST 743.00 64.56 1.38 Int. Semi-Annually Feb/Aug 29; Yield to Maturity 1.617%; Moody AAA; Issued 08/31/15; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.125%; Matures 01/31/2021; CUSIP 912828B58 4/18/17 6/5/17 6/6/17 23,000.000 5,000.000 31,000.000 102.082 101.839 101.934 101.768 102.032 101.859 101.391 101.391 101.391 23,478.95 23,422.99 5,096.70 5,088.42 31,629.80 31,576.24 23,319.93 5,069.55 31,431.21 (103.06) (18.87) (145.03) ST ST ST Total 59,000.000 60,205.45 60,087.65 59,820.69 (266.96)ST 1,254.00 207.82 2.09 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.694%; Moody AAA; Issued 01/31/14; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.375%; Matures 05/31/2021; CUSIP 912828R77 7/14/17 122,000.000 98.727 98.727 98.648 120,446.82 120,446.82 120,350.56 (96.26)ST 1,678.00 559.16 1.39 Int. Semi-Annually May/Nov 30; Yield to Maturity 1.757%; Moody AAA; Issued 05/31/16; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 03/31/2022; CUSIP 912828J76 5/5/17 7/12/17 106,000.000 61,000.000 99.352 99.352 99.555 99.555 99.434 99.434 105,313.01 105,313.01 60,728.55 60,728.55 105,400.04 60,654.74 87.03 (73.81) ST ST Total 167,000.000 166,041.56 166,041.56 166,054.78 13.22 ST 2,923.00 — 1.76 Int. Semi-Annually Mar/Sep 30; Yield to Maturity 1.882%; Moody AAA; Issued 03/31/15; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.250%; Matures 02/15/2027; CUSIP 912828V98 6/6/17 8/8/17 8/14/17 15,000.000 13,000.000 17,000.000 100.903 100.878 99.836 99.836 100.274 100.271 99.395 99.395 99.395 15,135.41 15,131.63 12,978.72 12,978.72 17,046.55 17,045.99 14,909.25 12,921.35 16,897.15 (222.38) (57.37) (148.84) ST ST ST Total 45,000.000 45,160.68 45,156.34 44,727.75 (428.59)ST 1,013.00 126.56 2.26 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.322%; Moody AAA; Issued 02/15/17; Asset Class: FI & Pref UNITED STATES TREASURY BOND-INFLATION INDEXED Coupon Rate 0.375%; Matures 07/15/2027; CUSIP 9128282L3 9/1/17 40,000.000 100.188 100.255 99.042 40,126.30 40,101.82 39,645.72 (456.10)ST 150.00 31.40 0.37 Int. Semi-Annually Jan/Jul 15; Factor 1.00073000; Moody AAA; Issued 07/15/17; Current Face 40,029.200; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 45 of 130 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % UNITED STATES TREASURY NOTE Coupon Rate 2.250%; Matures 08/15/2027; CUSIP 9128282R0 9/25/17 30,000.000 100.262 100.262 99.320 30,078.63 30,078.53 29,796.00 (282.53)ST 675.00 84.37 2.26 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.327%; Moody AAA; Issued 08/15/17; Asset Class: FI & Pref TREASURY SECURITIES 574,000.000 $572,919.20 $572,735.85 $571,139.65 $(1,596.20)ST $9,327.00 $1,292.93 1.63% FEDERAL AGENCIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % INTL BK FOR RECON & DEV Coupon Rate 1.375%; Matures 05/24/2021; CUSIP 459058FH1 9/16/16 40,000.000 $99.936 $99.936 $98.205 $39,974.40 $39,974.40 $39,282.00 $(692.40)LT $550.00 — 1.40 Int. Semi-Annually May/Nov 24; Yield to Maturity 1.886%; Moody AAA S&P AAA; Issued 05/24/16; Asset Class: FI & Pref FHLMC 30 YR GOLD G08775 Coupon Rate 4.000%; Matures 07/01/2047; CUSIP 3128MJ2H2 9/11/17 83,000.000 105.758 105.758 105.324 87,035.84 87,035.84 86,678.83 (357.01)ST 3,292.00 265.18 3.79 Interest Paid Monthly Jul 01; Yield to Maturity 3.703%; Factor .99153405; Issued 07/01/17; Current Face 82,297.326; Asset Class: FI & Pref FEDERAL AGENCIES 123,000.000 $127,010.24 $127,010.24 $125,960.83 $(692.40) $(357.01) LT ST $3,842.00 $265.18 3.05% Percentage of Holdings Face Value Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % GOVERNMENT SECURITIES 697,000.000 $699,929.44 $699,746.09 $697,100.48 $(692.40) $(1,953.21) LT ST $13,169.00 $1,558.11 1.89% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 35.38%$698,658.59 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE $1,925,279.36 $1,964,768.57 $5,090.69 $26.45 LT ST $52,172.00 $9,829.99 2.64% TOTAL VALUE (includes accrued interest)100.00%$1,974,598.56 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 46 of 130 ALLOCATION OF ASSETS (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $34,372.07 —————— Corporate Fixed Income^——$1,241,567.90 ———— Government Securities^——698,658.59 ———— TOTAL ALLOCATION OF ASSETS^$34,372.07 —$1,940,226.49 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/1 9/5 Sold US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 57.78 45,000.000 $100.8316 $45,432.00 9/5 9/5 Bought US TSY BOND TIIB 0375 27JL15 ACTED AS AGENT ACCRUED INTEREST 21.17 a/o 09/01/17 40,000.000 100.1875 (40,147.47) 9/12 9/12 Sold FHLMC 30G G08749 4000 47JA01 ACTED AS AGENT ACCRUED INTEREST 103.63 a/o 09/11/17 92,000.000 105.6953 89,719.88 9/12 9/12 Bought FHLMC 30G G08775 4000 47JL01 ACTED AS AGENT ACCRUED INTEREST 100.59 a/o 09/11/17 83,000.000 105.7578 (87,136.43) 9/12 9/14 Sold BOSTON PROPERTIE 3650 *26FB01 ACTED AS AGENT ACCRUED INTEREST 170.03 39,000.000 102.6160 40,190.27 9/12 9/14 Bought CITIGROUP INC 3668 *28JL24 ACTED AS AGENT ACCRUED INTEREST 198.68 39,000.000 101.2460 (39,684.62) 9/20 9/20 Bought ROYAL BANK OF CA 20405 22FB01 ACTED AS AGENT ACCRUED INTEREST 110.53 a/o 09/18/17 39,000.000 100.8120 (39,427.21) 9/20 9/22 Bought SUMITOMO MITSUI 24461 21OC19 ACTED AS AGENT ACCRUED INTEREST 119.25 27,000.000 101.6658 (27,569.02) 9/21 9/25 Bought SUMITOMO MITSUI 24461 21OC19 ACTED AS AGENT ACCRUED INTEREST 50.82 11,000.000 101.6220 (11,229.24) 9/26 9/26 Bought US TSY NOTE 2250 27AU15 ACTED AS AGENT ACCRUED INTEREST 77.04 a/o 09/25/17 30,000.000 100.2621 (30,155.67) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(100,007.51) TOTAL PURCHASES $(275,349.66) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 47 of 130 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) TOTAL SALES AND REDEMPTIONS $175,342.15 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. RETURN OF PRINCIPAL Activity Date Activity Type Description Comments Credits/(Debits) 9/15 Return of Principal FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $1,721.53 TOTAL RETURN OF PRINCIPAL $1,721.53 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/5 Interest Income BANK OF AMERICA C 4450 26MH03 CUSIP: 06051GFU8 $823.25 9/12 Interest Income ACTAVIS FUNDING 3000 *20MH12 CUSIP: 00507UAP6 570.00 9/15 Interest Income CONOCOPHILLIPS CO 4200 *21MH15 CUSIP: 20826FAS5 756.00 9/15 Interest Income ABBOTT LABS 2000 20MH15 CUSIP: 002824AZ3 390.00 9/15 Interest Income FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 288.36 9/15 Interest Income BACCT 2014-A1 A 1614 *21JNRG CUSIP: 05522RCQ9 107.91 9/15 Interest Income COMET 2016-A6 A 1820 *22SPRG CUSIP: 14041NFH9 87.97 9/18 Interest Income ECOPETROL SA 5875 23SP18 CUSIP: 279158AC3 1,028.13 9/18 Interest Income VERIZON COMMUNICA 3125 22MH16 CUSIP: 92343VDW1 609.38 9/26 Interest Income BP CAP MRKT PLC 2241 18SP26 CUSIP: 05565QCG1 425.79 9/29 Interest Income US TSY NOTE 1750 22MH31 CUSIP: 912828J76 1,461.25 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 4.40 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $6,552.44 TOTAL INTEREST $6,552.44 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $15,156.99 9/5 Automatic Investment BANK DEPOSIT PROGRAM 823.25 9/6 Automatic Investment BANK DEPOSIT PROGRAM 5,284.53 9/12 Automatic Investment BANK DEPOSIT PROGRAM 570.00 9/13 Automatic Investment BANK DEPOSIT PROGRAM 2,583.45 9/15 Automatic Investment BANK DEPOSIT PROGRAM 3,569.06 9/18 Automatic Investment BANK DEPOSIT PROGRAM 1,925.87 9/20 Automatic Redemption BANK DEPOSIT PROGRAM (39,425.00) 9/21 Automatic Redemption BANK DEPOSIT PROGRAM (2.21) 9/22 Automatic Redemption BANK DEPOSIT PROGRAM (27,569.02) 9/25 Automatic Redemption BANK DEPOSIT PROGRAM (11,229.24) 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 48 of 130 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 9/26 Automatic Investment BANK DEPOSIT PROGRAM 425.79 9/27 Automatic Redemption BANK DEPOSIT PROGRAM (30,155.67) 9/29 Automatic Investment BANK DEPOSIT PROGRAM 1,461.25 9/29 Automatic Investment BANK DEPOSIT PROGRAM 4.40 NET ACTIVITY FOR PERIOD $(76,576.55) REALIZED GAIN/(LOSS) DETAIL SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments BOSTON PROPERTIE 3.650 2-01-26 05/01/17 09/12/17 39,000.000 $40,020.24 $39,223.78 $796.46 FHLMC 30G G08749 4.000 1-01-47 02/09/17 09/11/17 92,000.000 89,616.25 91,189.18 (1,572.93) 02/09/17 09/15/17 1,721.530 1,721.53 1,814.67 (93.14) US TSY NOTE 2 1/4 2-15-27 05/30/17 09/01/17 19,000.000 19,158.00 19,042.78 115.22 06/06/17 09/01/17 26,000.000 26,216.22 26,229.27 (13.05) Short-Term This Period $176,732.24 $177,499.68 $(767.44) Short-Term Year to Date $2,021,437.57 $2,038,699.14 $(17,261.57) Net Realized Gain/(Loss) This Period $176,732.24 $177,499.68 $(767.44) Net Realized Gain/(Loss) Year to Date $2,327,389.66 $2,342,209.43 $(15,642.79) Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. 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Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Basic Securities Account 660-110035-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYS Page 49 of 130 Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 3 This page intentionally left blank Page 50 of 130 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110174-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $1,302,666.79 $1,228,581.20 Credits —— Debits —(5,297.33) Security Transfers —— Net Credits/Debits/Transfers —$(5,297.33) Change in Value 50,978.87 130,361.79 TOTAL ENDING VALUE $1,353,645.66 $1,353,645.66 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 1 1.1 1.2 1.3 1.4 1.5 ($ ) M i l l i o n s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 51 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities AlternativesMarket Value Percentage Cash $30,377.48 2.24 Equities 1,290,180.30 95.31 Alternatives 33,087.88 2.44 TOTAL VALUE $1,353,645.66 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 4 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 52 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $23,072.41 $30,490.55 Stocks 1,274,884.67 1,323,268.18 Net Unsettled Purchases/Sales 4,709.71 (113.07) Total Assets $1,302,666.79 $1,353,645.66 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,302,666.79 $1,353,645.66 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $23,072.41 $23,548.92 Purchases (15,720.99)(120,418.02) Sales and Redemptions 13,619.24 107,134.12 Prior Net Unsettled Purch/Sales 4,709.71 N/A Net Unsettled Purch/Sales 113.07 113.07 Income and Distributions 4,697.11 25,409.79 Total Investment Related Activity $7,418.14 $12,238.96 Other Debits —(5,297.33) Total Cash Related Activity —$(5,297.33) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $30,490.55 $30,490.55 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Qualified Dividends $4,695.88 $24,438.74 Other Dividends —967.88 Interest 1.23 3.17 Total Taxable Income And Distributions $4,697.11 $25,409.79 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $4,697.11 $25,409.79 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain —$1,540.20 $14,078.13 Short-Term (Loss)(671.80)(745.39)(5,248.46) Total Short-Term $(671.80)$794.81 $8,829.67 Long-Term Gain 1,541.92 12,296.46 223,299.93 Long-Term (Loss)(2,458.41)(9,537.81)(11,618.26) Total Long-Term $(916.49)$2,758.65 $211,681.67 TOTAL GAIN/(LOSS)$(1,588.29)$3,553.46 $220,511.34 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income Investment Advisory Account Manager:JP Morgan - Equity Income SMA CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 53 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$30,490.55 —$15.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $30,490.55 $15.00 NET UNSETTLED PURCHASES/SALES $(113.07) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.24%$30,377.48 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 3M COMPANY (MMM) 11/9/15 2/16/16 51.000 7.000 $157.130 155.644 $209.900 209.900 $8,013.63 1,089.51 $10,704.90 1,469.30 $2,691.27 379.79 LT LT Total 58.000 9,103.14 12,174.20 3,071.06 LT 273.00 2.24 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 5 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 54 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 12/2017; Asset Class: Equities ABBOTT LABORATORIES (ABT) 10/22/14 2/16/16 5/2/16 170.000 16.000 36.000 41.922 37.969 38.969 53.360 53.360 53.360 7,126.70 607.50 1,402.89 9,071.20 853.76 1,920.96 1,944.50 246.26 518.07 LT LT LT Total 222.000 9,137.09 11,845.92 2,708.83 LT 235.00 1.98 Next Dividend Payable 11/2017; Asset Class: Equities ABBVIE INC COM (ABBV) 4/6/15 31.000 57.769 88.860 1,790.84 2,754.66 963.82 LT 79.00 2.86 Next Dividend Payable 11/2017; Asset Class: Equities ACCENTURE PLC IRELAND CL A (ACN) 11/9/15 54.000 104.660 135.070 5,651.64 7,293.78 1,642.14 LT 144.00 1.97 Next Dividend Payable 11/2017; Asset Class: Equities AIR PROD & CHEM INC (APD) 6/22/17 8/1/17 9/7/17 18.000 23.000 9.000 144.449 147.483 144.187 151.220 151.220 151.220 2,600.09 3,392.11 1,297.68 2,721.96 3,478.06 1,360.98 121.87 85.95 63.30 ST ST ST 9/29/17 24.000 151.335 151.220 3,632.05 3,629.28 (2.77)ST Total 74.000 10,921.93 11,190.28 268.35 ST 281.00 2.51 Next Dividend Payable 11/2017; Asset Class: Equities ALEXANDRIA REAL ESTATE EQ INC (ARE) 11/9/15 28.000 86.272 118.970 2,415.61 3,331.16 915.55 LT R 96.00 2.88 Next Dividend Payable 10/16/17; Asset Class: Alt ALTRIA GROUP INC (MO) 11/9/15 2/16/16 7/28/17 207.000 36.000 42.000 56.930 60.300 66.916 63.420 63.420 63.420 11,784.61 2,170.80 2,810.49 13,127.94 2,283.12 2,663.64 1,343.33 112.32 (146.85) LT LT ST Total 285.000 16,765.90 18,074.70 1,455.65 (146.85) LT ST 752.00 4.16 Next Dividend Payable 10/10/17; Asset Class: Equities AMERIPRISE FINCL INC (AMP) 11/17/15 43.000 113.969 148.510 4,900.65 6,385.93 1,485.28 LT 143.00 2.23 Next Dividend Payable 11/2017; Asset Class: Equities ANALOG DEVICES INC (ADI) 11/9/15 3/2/17 149.000 49.000 60.769 83.547 86.170 86.170 9,054.54 4,093.79 12,839.33 4,222.33 3,784.79 128.54 LT ST Total 198.000 13,148.33 17,061.66 3,784.79 128.54 LT ST 356.00 2.08 Next Dividend Payable 12/2017; Asset Class: Equities APPLE INC (AAPL) 11/9/15 2/16/16 7/5/17 177.000 31.000 9.000 120.243 96.317 144.601 154.120 154.120 154.120 21,282.96 2,985.83 1,301.41 27,279.24 4,777.72 1,387.08 5,996.28 1,791.89 85.67 LT LT ST Total 217.000 25,570.20 33,444.04 7,788.17 85.67 LT ST 547.00 1.63 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 55 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 11/2017; Asset Class: Equities ARTHUR J GALLAGHER (AJG) 11/9/15 3/13/17 125.000 18.000 43.483 56.877 61.550 61.550 5,435.41 1,023.79 7,693.75 1,107.90 2,258.34 84.11 LT ST Total 143.000 6,459.20 8,801.65 2,258.34 84.11 LT ST 223.00 2.53 Next Dividend Payable 12/2017; Asset Class: Equities AUTOMATIC DATA PROCESSING INC (ADP) 11/9/15 2/16/16 54.000 7.000 86.393 83.874 109.320 109.320 4,665.22 587.12 5,903.28 765.24 1,238.06 178.12 LT LT Total 61.000 5,252.34 6,668.52 1,416.18 LT 139.00 2.08 Next Dividend Payable 10/01/17; Asset Class: Equities AVALONBAY COMM INC (AVB) 11/9/15 2/16/16 5/10/16 42.000 5.000 8.000 169.190 164.842 192.080 178.420 178.420 178.420 7,105.98 824.21 1,536.64 7,493.64 892.10 1,427.36 387.66 67.89 (109.28) LT LT LT Total 55.000 9,466.83 9,813.10 346.27 LT 312.00 3.17 Next Dividend Payable 10/16/17; Asset Class: Alt BANK OF AMERICA CORP (BAC) 7/27/16 8/15/16 8/30/16 814.000 239.000 144.000 14.631 15.010 15.935 25.340 25.340 25.340 11,909.80 3,587.39 2,294.68 20,626.76 6,056.26 3,648.96 8,716.96 2,468.87 1,354.28 LT LT LT 11/4/16 355.000 16.695 25.340 5,926.73 8,995.70 3,068.97 ST 12/1/16 70.000 21.847 25.340 1,529.30 1,773.80 244.50 ST Total 1,622.000 25,247.90 41,101.48 12,540.11 3,313.47 LT ST 779.00 1.89 Next Dividend Payable 12/2017; Asset Class: Equities BB & T CORP (BBT) 10/22/14 1/6/15 12/2/15 41.000 242.000 26.000 36.349 36.810 38.459 46.940 46.940 46.940 1,490.30 8,907.95 999.93 1,924.54 11,359.48 1,220.44 434.24 2,451.53 220.51 LT LT LT 2/16/16 16.000 32.788 46.940 524.60 751.04 226.44 LT 12/9/16 67.000 46.725 46.940 3,130.57 3,144.98 14.41 ST Total 392.000 15,053.35 18,400.48 3,332.72 14.41 LT ST 517.00 2.80 Next Dividend Payable 12/2017; Asset Class: Equities BECTON DICKINSON & CO (BDX) 11/9/15 2/16/16 4/22/16 47.000 7.000 12.000 152.187 142.173 159.086 195.950 195.950 195.950 7,152.78 995.21 1,909.03 9,209.65 1,371.65 2,351.40 2,056.87 376.44 442.37 LT LT LT Total 66.000 10,057.02 12,932.70 2,875.68 LT 193.00 1.49 Next Dividend Payable 12/2017; Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 56 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BLACKROCK INC (BLK) 11/9/15 12/15/15 2/16/16 50.000 7.000 3.000 349.118 325.244 314.557 447.090 447.090 447.090 17,455.92 2,276.71 943.67 22,354.50 3,129.63 1,341.27 4,898.58 852.92 397.60 LT LT LT 4/22/16 6.000 368.615 447.090 2,211.69 2,682.54 470.85 LT Total 66.000 22,887.99 29,507.94 6,619.95 LT 660.00 2.23 Next Dividend Payable 12/2017; Asset Class: Equities BOSTON PROPERTIES INC (BXP) 2/16/16 3/11/16 14.000 24.000 109.950 120.098 122.880 122.880 1,539.30 2,882.34 1,720.32 2,949.12 181.02 66.78 LT LT Total 38.000 4,421.64 4,669.44 247.80 LT 114.00 2.44 Next Dividend Payable 10/31/17; Asset Class: Alt BRISTOL MYERS SQUIBB CO (BMY) 11/9/15 2/16/16 179.000 13.000 64.769 62.057 63.740 63.740 11,593.58 806.74 11,409.46 828.62 (184.12) 21.88 LT LT Total 192.000 12,400.32 12,238.08 (162.24)LT 300.00 2.45 Next Dividend Payable 11/2017; Asset Class: Equities CAPITAL ONE FINANCIAL CORP (COF) 1/16/15 7/28/15 2/23/16 47.000 36.000 41.000 76.305 78.973 65.879 84.660 84.660 84.660 3,586.34 2,843.02 2,701.03 3,979.02 3,047.76 3,471.06 392.68 204.74 770.03 LT LT LT 12/9/16 27.000 89.799 84.660 2,424.56 2,285.82 (138.74)ST Total 151.000 11,554.95 12,783.66 1,367.45 (138.74) LT ST 242.00 1.89 Next Dividend Payable 11/2017; Asset Class: Equities CHEVRON CORP (CVX) 11/9/15 11/9/15 2/16/16 131.000 10.000 49.000 92.422 92.422 84.320 117.500 117.500 117.500 12,107.24 924.22 4,131.68 15,392.50 1,175.00 5,757.50 3,285.26 250.78 1,625.82 LT LT LT 4/13/16 23.000 97.547 117.500 2,243.57 2,702.50 458.93 LT 4/22/16 9.000 102.160 117.500 919.44 1,057.50 138.06 LT 11/1/16 30.000 106.339 117.500 3,190.18 3,525.00 334.82 ST 1/3/17 15.000 117.528 117.500 1,762.92 1,762.50 (0.42)ST 2/14/17 25.000 111.900 117.500 2,797.50 2,937.50 140.00 ST 2/28/17 24.000 111.981 117.500 2,687.54 2,820.00 132.46 ST 7/5/17 20.000 104.885 117.500 2,097.70 2,350.00 252.30 ST Total 336.000 32,861.99 39,480.00 5,758.85 859.16 LT ST 1,452.00 3.67 Next Dividend Payable 12/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 57 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CHUBB LTD (CB) 11/9/15 2/16/16 9/11/17 67.000 6.000 18.000 112.204 115.673 145.651 142.550 142.550 142.550 7,517.67 694.04 2,621.72 9,550.85 855.30 2,565.90 2,033.18 161.26 (55.82) LT LT ST Total 91.000 10,833.43 12,972.05 2,194.44 (55.82) LT ST 258.00 1.98 Next Dividend Payable 10/20/17; Asset Class: Equities CINCINNATI FINANCIAL OHIO (CINF) 11/9/15 2/16/16 65.000 9.000 60.074 61.982 76.570 76.570 3,904.81 557.84 4,977.05 689.13 1,072.24 131.29 LT LT Total 74.000 4,462.65 5,666.18 1,203.53 LT 148.00 2.61 Next Dividend Payable 10/16/17; Asset Class: Equities CME GROUP INC (CME) 11/9/15 210.000 97.152 135.680 20,401.84 28,492.80 8,090.96 LT 554.00 1.94 Next Dividend Payable 12/2017; Asset Class: Equities CMS ENERGY CP (CMS) 11/9/15 2/16/16 194.000 34.000 34.269 38.860 46.320 46.320 6,648.16 1,321.25 8,986.08 1,574.88 2,337.92 253.63 LT LT Total 228.000 7,969.41 10,560.96 2,591.55 LT 303.00 2.86 Next Dividend Payable 11/2017; Asset Class: Equities COCA COLA CO (KO) 4/24/15 89.000 40.958 45.010 3,645.24 4,005.89 360.65 LT 132.00 3.29 Next Dividend Payable 10/02/17; Asset Class: Equities COMCAST CORP (NEW) CLASS A (CMCSA) 11/9/15 12/2/15 2/16/16 194.000 56.000 22.000 30.639 30.300 28.734 38.480 38.480 38.480 5,944.02 1,696.78 632.14 7,465.12 2,154.88 846.56 1,521.10 458.10 214.42 LT LT LT 9/7/17 31.000 40.800 38.480 1,264.79 1,192.88 (71.91)ST Total 303.000 9,537.73 11,659.44 2,193.62 (71.91) LT ST 191.00 1.63 Next Dividend Payable 10/2017; Asset Class: Equities CONOCOPHILLIPS (COP) 11/9/15 5/10/16 6/7/16 245.000 39.000 53.000 54.730 42.162 47.428 50.050 50.050 50.050 13,408.97 1,644.31 2,513.70 12,262.25 1,951.95 2,652.65 (1,146.72) 307.64 138.95 LT LT LT 6/22/16 50.000 44.080 50.050 2,203.99 2,502.50 298.51 LT 11/2/16 54.000 43.105 50.050 2,327.67 2,702.70 375.03 ST 11/9/16 39.000 45.773 50.050 1,785.14 1,951.95 166.81 ST 11/18/16 85.000 44.940 50.050 3,819.90 4,254.25 434.35 ST Total 565.000 27,703.68 28,278.25 (401.62) 976.19 LT ST 599.00 2.11 Next Dividend Payable 12/2017; Asset Class: Equities CULLEN FROST BANKERS INC (CFR) 11/17/15 75.000 69.508 94.920 5,213.10 7,119.00 1,905.90 LT 171.00 2.40 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 7 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 58 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 12/2017; Asset Class: Equities DISCOVER FINCL SVCS (DFS) 11/9/15 12/2/15 4/25/16 35.000 18.000 53.000 56.990 56.050 56.680 64.480 64.480 64.480 1,994.65 1,008.90 3,004.03 2,256.80 1,160.64 3,417.44 262.15 151.74 413.41 LT LT LT 12/9/16 37.000 72.040 64.480 2,665.48 2,385.76 (279.72)ST Total 143.000 8,673.06 9,220.64 827.30 (279.72) LT ST 200.00 2.16 Next Dividend Payable 12/2017; Asset Class: Equities DOVER CORP (DOV) 9/29/16 11/1/16 11/10/16 42.000 26.000 16.000 71.701 66.690 71.550 91.390 91.390 91.390 3,011.43 1,733.94 1,144.80 3,838.38 2,376.14 1,462.24 826.95 642.20 317.44 LT ST ST 11/18/16 17.000 70.000 91.390 1,190.00 1,553.63 363.63 ST 2/2/17 19.000 77.571 91.390 1,473.85 1,736.41 262.56 ST 6/23/17 30.000 78.186 91.390 2,345.59 2,741.70 396.11 ST Total 150.000 10,899.61 13,708.50 826.95 1,981.94 LT ST 282.00 2.05 Next Dividend Payable 12/2017; Asset Class: Equities DOWDUPONT INC (DWDP) 11/9/15 12/2/15 5/1/17 105.874 29.339 26.787 51.773 52.742 62.581 69.230 69.230 69.230 5,481.39 1,547.41 1,676.35 7,329.66 2,031.14 1,854.46 1,848.27 483.73 178.11 LT LT ST 9/7/17 20.000 64.599 69.230 1,291.98 1,384.60 92.62 ST Total 182.000 9,997.13 12,599.86 2,332.00 270.73 LT ST —— Asset Class: Equities DR PEPPER SNAPPLE GROUP INC (DPS) 11/9/15 2/16/16 3/31/17 91.000 12.000 26.000 85.736 91.919 97.943 88.470 88.470 88.470 7,801.95 1,103.03 2,546.51 8,050.77 1,061.64 2,300.22 248.82 (41.39) (246.29) LT LT ST Total 129.000 11,451.49 11,412.63 207.43 (246.29) LT ST 299.00 2.61 Next Dividend Payable 10/05/17; Asset Class: Equities DTE ENERGY COMPANY (DTE) 11/9/15 22.000 79.210 107.360 1,742.62 2,361.92 619.30 LT 73.00 3.09 Next Dividend Payable 10/15/17; Asset Class: Equities EDISON INTERNATIONAL (EIX) 11/9/15 2/16/16 127.000 21.000 59.158 61.827 77.170 77.170 7,513.12 1,298.37 9,800.59 1,620.57 2,287.47 322.20 LT LT Total 148.000 8,811.49 11,421.16 2,609.67 LT 321.00 2.81 Next Dividend Payable 10/31/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 59 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ELI LILLY & CO (LLY) 11/9/15 12/2/15 5/17/16 79.000 15.000 26.000 79.242 84.716 76.509 85.540 85.540 85.540 6,260.08 1,270.74 1,989.23 6,757.66 1,283.10 2,224.04 497.58 12.36 234.81 LT LT LT Total 120.000 9,520.05 10,264.80 744.75 LT 250.00 2.43 Next Dividend Payable 12/2017; Asset Class: Equities EXXON MOBIL CORP (XOM) 11/9/15 2/16/16 238.000 40.000 82.058 81.082 81.980 81.980 19,529.78 3,243.28 19,511.24 3,279.20 (18.54) 35.92 LT LT Total 278.000 22,773.06 22,790.44 17.38 LT 856.00 3.75 Next Dividend Payable 12/2017; Asset Class: Equities FIDELITY NATL INFORMATION SE (FIS) 11/9/15 11/9/15 11/16/15 11.000 60.000 61.000 66.206 66.206 65.360 93.390 93.390 93.390 728.27 3,972.37 3,986.98 1,027.29 5,603.40 5,696.79 299.02 1,631.03 1,709.81 LT LT LT 7/5/17 17.000 85.954 93.390 1,461.22 1,587.63 126.41 ST Total 149.000 10,148.84 13,915.11 3,639.86 126.41 LT ST 173.00 1.24 Next Dividend Payable 12/2017; Asset Class: Equities GENERAL ELECTRIC CO (GE) 4/11/17 4/25/17 219.000 116.000 30.027 29.485 24.180 24.180 6,575.98 3,420.26 5,295.42 2,804.88 (1,280.56) (615.38) ST ST Total 335.000 9,996.24 8,100.30 (1,895.94)ST 322.00 3.97 Next Dividend Payable 10/25/17; Asset Class: Equities GENL DYNAMICS CORP (GD) 12/15/15 2/16/16 5/2/16 15.000 31.000 10.000 138.700 131.015 142.396 205.580 205.580 205.580 2,080.50 4,061.47 1,423.96 3,083.70 6,372.98 2,055.80 1,003.20 2,311.51 631.84 LT LT LT 7/1/16 17.000 141.083 205.580 2,398.41 3,494.86 1,096.45 LT 9/16/16 16.000 151.111 205.580 2,417.77 3,289.28 871.51 LT 11/18/16 7.000 166.954 205.580 1,168.68 1,439.06 270.38 ST Total 96.000 13,550.79 19,735.68 5,914.51 270.38 LT ST 323.00 1.63 Next Dividend Payable 11/2017; Asset Class: Equities GENUINE PARTS CO (GPC) 11/9/15 5/2/16 11/1/16 82.000 25.000 14.000 88.605 96.439 88.971 95.650 95.650 95.650 7,265.57 2,410.98 1,245.60 7,843.30 2,391.25 1,339.10 577.73 (19.73) 93.50 LT LT ST 11/18/16 13.000 94.178 95.650 1,224.32 1,243.45 19.13 ST 11/30/16 13.000 96.832 95.650 1,258.81 1,243.45 (15.36)ST 6/5/17 16.000 94.285 95.650 1,508.56 1,530.40 21.84 ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 8 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 60 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 163.000 14,913.84 15,590.95 558.00 119.11 LT ST 440.00 2.82 Next Dividend Payable 10/02/17; Asset Class: Equities GILEAD SCIENCE (GILD) 2/16/16 5/17/16 7/20/16 37.000 13.000 22.000 90.731 83.514 86.953 81.020 81.020 81.020 3,357.03 1,085.68 1,912.97 2,997.74 1,053.26 1,782.44 (359.29) (32.42) (130.53) LT LT LT Total 72.000 6,355.68 5,833.44 (522.24)LT 150.00 2.57 Next Dividend Payable 12/2017; Asset Class: Equities HARTFORD FIN SERS GRP INC (HIG) 11/9/15 2/16/16 1/3/17 342.000 35.000 36.000 46.785 41.159 47.738 55.430 55.430 55.430 16,000.30 1,440.56 1,718.57 18,957.06 1,940.05 1,995.48 2,956.76 499.49 276.91 LT LT ST Total 413.000 19,159.43 22,892.59 3,456.25 276.91 LT ST 380.00 1.65 Next Dividend Payable 10/02/17; Asset Class: Equities HCP INCORPORATED (HCP) 8/3/16 86.000 35.562 27.830 3,058.33 2,393.38 (664.95)LT R 127.00 5.30 Next Dividend Payable 11/2017; Asset Class: Alt HOME DEPOT INC (HD) 11/9/15 2/16/16 5/2/16 114.000 8.000 11.000 124.061 119.500 135.501 163.560 163.560 163.560 14,142.99 956.00 1,490.51 18,645.84 1,308.48 1,799.16 4,502.85 352.48 308.65 LT LT LT 12/13/16 21.000 136.217 163.560 2,860.56 3,434.76 574.20 ST Total 154.000 19,450.06 25,188.24 5,163.98 574.20 LT ST 548.00 2.17 Next Dividend Payable 12/2017; Asset Class: Equities HONEYWELL INTERNATIONAL INC (HON) 11/9/15 2/16/16 4/22/16 76.000 10.000 16.000 101.819 104.144 112.641 141.740 141.740 141.740 7,738.21 1,041.44 1,802.26 10,772.24 1,417.40 2,267.84 3,034.03 375.96 465.58 LT LT LT 9/16/16 15.000 113.462 141.740 1,701.93 2,126.10 424.17 LT 10/5/16 9.000 115.190 141.740 1,036.71 1,275.66 238.95 ST 11/1/16 11.000 109.239 141.740 1,201.63 1,559.14 357.51 ST 11/10/16 11.000 113.500 141.740 1,248.50 1,559.14 310.64 ST Total 148.000 15,770.68 20,977.52 4,299.74 907.10 LT ST 441.00 2.10 Next Dividend Payable 12/2017; Asset Class: Equities ILL TOOL WORKS INC (ITW) 11/9/15 2/16/16 125.000 15.000 91.119 93.097 147.960 147.960 11,389.88 1,396.46 18,495.00 2,219.40 7,105.12 822.94 LT LT Total 140.000 12,786.34 20,714.40 7,928.06 LT 437.00 2.10 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 61 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 10/10/17; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 2/16/16 6/30/16 18.000 9.000 107.500 124.170 142.910 142.910 1,935.00 1,117.53 2,572.38 1,286.19 637.38 168.66 LT LT Total 27.000 3,052.53 3,858.57 806.04 LT 75.00 1.94 Next Dividend Payable 10/06/17; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 11/9/15 2/16/16 1/3/17 230.000 24.000 14.000 100.781 102.295 115.840 130.010 130.010 130.010 23,179.52 2,455.07 1,621.76 29,902.30 3,120.24 1,820.14 6,722.78 665.17 198.38 LT LT ST Total 268.000 27,256.35 34,842.68 7,387.95 198.38 LT ST 900.00 2.58 Next Dividend Payable 12/2017; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 11/9/15 11/16/15 12/2/15 9.000 24.000 15.000 117.761 119.094 119.967 117.680 117.680 117.680 1,059.85 2,858.25 1,799.51 1,059.12 2,824.32 1,765.20 (0.73) (33.93) (34.31) LT LT LT 2/16/16 7.000 128.299 117.680 898.09 823.76 (74.33)LT 5/2/16 8.000 125.899 117.680 1,007.19 941.44 (65.75)LT Total 63.000 7,622.89 7,413.84 (209.05)LT 244.00 3.29 Next Dividend Payable 10/03/17; Asset Class: Equities KLA TENCOR CORP (KLAC) 11/9/15 2/16/16 115.000 11.000 66.847 65.047 106.000 106.000 7,687.41 715.52 12,190.00 1,166.00 4,502.59 450.48 LT LT Total 126.000 8,402.93 13,356.00 4,953.07 LT 297.00 2.22 Next Dividend Payable 12/2017; Asset Class: Equities KRAFT HEINZ CO (KHC) 11/9/15 11/4/16 2/14/17 32.000 28.000 28.000 68.628 83.562 90.140 77.550 77.550 77.550 2,196.09 2,339.74 2,523.92 2,481.60 2,171.40 2,171.40 285.51 (168.34) (352.52) LT ST ST R R 3/31/17 22.000 90.912 77.550 2,000.07 1,706.10 (293.97)ST Total 110.000 9,059.82 8,530.50 285.51 (814.83) LT ST 275.00 3.22 Next Dividend Payable 12/2017; Asset Class: Equities M&T BANK CORP (MTB) 2/18/16 67.000 105.995 161.040 7,101.69 10,789.68 3,687.99 LT 201.00 1.86 Next Dividend Payable 12/2017; Asset Class: Equities MC DONALDS CORP (MCD) 4/26/17 6/5/17 28.000 10.000 140.734 152.994 156.680 156.680 3,940.55 1,529.94 4,387.04 1,566.80 446.49 36.86 ST ST Total 38.000 5,470.49 5,953.84 483.35 ST 154.00 2.58 Next Dividend Payable 12/2017; Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 8 9 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 62 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MERCK & CO INC NEW COM (MRK) 11/9/15 2/16/16 7/5/17 342.000 30.000 27.000 54.145 49.967 64.157 64.030 64.030 64.030 18,517.45 1,499.02 1,732.23 21,898.26 1,920.90 1,728.81 3,380.81 421.88 (3.42) LT LT ST Total 399.000 21,748.70 25,547.97 3,802.69 (3.42) LT ST 750.00 2.93 Next Dividend Payable 10/06/17; Asset Class: Equities METLIFE INCORPORATED (MET) 3/26/15 12/2/15 2/16/16 225.000 22.000 16.000 45.547 45.562 34.212 51.950 51.950 51.950 10,247.99 1,002.37 547.39 11,688.75 1,142.90 831.20 1,440.76 140.53 283.81 LT LT LT 4/26/16 79.000 41.748 51.950 3,298.07 4,104.05 805.98 LT 8/3/16 85.000 38.969 51.950 3,312.36 4,415.75 1,103.39 LT 7/5/17 20.000 50.223 51.950 1,004.45 1,039.00 34.55 ST Total 447.000 19,412.63 23,221.65 3,774.47 34.55 LT ST 715.00 3.07 Next Dividend Payable 12/2017; Asset Class: Equities MICROSOFT CORP (MSFT) 11/9/15 2/16/16 3/11/16 243.000 21.000 69.000 53.859 50.847 52.916 74.490 74.490 74.490 13,087.79 1,067.79 3,651.19 18,101.07 1,564.29 5,139.81 5,013.28 496.50 1,488.62 LT LT LT 4/22/16 41.000 51.277 74.490 2,102.37 3,054.09 951.72 LT Total 374.000 19,909.14 27,859.26 7,950.12 LT 628.00 2.25 Next Dividend Payable 12/2017; Asset Class: Equities MOLSON COORS BREWING CO CL B (TAP) 2/16/16 3/11/16 6/9/16 30.000 29.000 22.000 85.084 91.748 102.969 81.640 81.640 81.640 2,552.53 2,660.69 2,265.31 2,449.20 2,367.56 1,796.08 (103.33) (293.13) (469.23) LT LT LT 5/10/17 22.000 92.762 81.640 2,040.77 1,796.08 (244.69)ST 9/7/17 14.000 88.509 81.640 1,239.12 1,142.96 (96.16)ST Total 117.000 10,758.42 9,551.88 (865.69) (340.85) LT ST 192.00 2.01 Next Dividend Payable 12/2017; Asset Class: Equities MONDELEZ INTL INC COM (MDLZ) 11/9/15 12/2/15 5/2/16 181.000 41.000 43.000 43.587 43.576 43.590 40.660 40.660 40.660 7,889.27 1,786.60 1,874.39 7,359.46 1,667.06 1,748.38 (529.81) (119.54) (126.01) LT LT LT R R R Total 265.000 11,550.26 10,774.90 (775.36)LT 233.00 2.16 Next Dividend Payable 10/12/17; Asset Class: Equities NEXTERA ENERGY INC (NEE) 11/9/15 2/16/16 49.000 27.000 98.693 111.971 146.550 146.550 4,835.96 3,023.23 7,180.95 3,956.85 2,344.99 933.62 LT LT Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 63 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 76.000 7,859.19 11,137.80 3,278.61 LT 299.00 2.68 Next Dividend Payable 12/2017; Asset Class: Equities NISOURCE INC (NI) 11/9/15 2/16/16 267.000 34.000 18.870 21.180 25.590 25.590 5,038.29 720.12 6,832.53 870.06 1,794.24 149.94 LT LT Total 301.000 5,758.41 7,702.59 1,944.18 LT 211.00 2.73 Next Dividend Payable 11/2017; Asset Class: Equities NORFOLK SOUTHERN CORP (NSC) 9/28/15 80.000 75.028 132.240 6,002.24 10,579.20 4,576.96 LT 195.00 1.84 Next Dividend Payable 12/2017; Asset Class: Equities NORTHERN TRUST CORP (NTRS) 11/9/15 2/16/16 130.000 9.000 73.857 58.690 91.930 91.930 9,601.40 528.21 11,950.90 827.37 2,349.50 299.16 LT LT Total 139.000 10,129.61 12,778.27 2,648.66 LT 234.00 1.83 Next Dividend Payable 10/01/17; Asset Class: Equities OCCIDENTAL PETROLEUM CORP DE (OXY) 11/9/15 11/16/15 2/16/16 236.000 38.000 27.000 75.174 74.307 67.715 64.210 64.210 64.210 17,741.17 2,823.65 1,828.29 15,153.56 2,439.98 1,733.67 (2,587.61) (383.67) (94.62) LT LT LT 5/2/16 21.000 76.220 64.210 1,600.63 1,348.41 (252.22)LT 11/18/16 21.000 68.690 64.210 1,442.49 1,348.41 (94.08)ST 2/2/17 22.000 68.830 64.210 1,514.26 1,412.62 (101.64)ST 5/5/17 63.000 59.879 64.210 3,772.35 4,045.23 272.88 ST Total 428.000 30,722.84 27,481.88 (3,318.12) 77.16 LT ST 1,318.00 4.79 Next Dividend Payable 10/16/17; Asset Class: Equities PEPSICO INC NC (PEP) 2/16/16 3/11/16 1/23/17 32.000 32.000 20.000 98.470 101.232 103.767 111.430 111.430 111.430 3,151.04 3,239.42 2,075.34 3,565.76 3,565.76 2,228.60 414.72 326.34 153.26 LT LT ST 8/3/17 22.000 116.452 111.430 2,561.95 2,451.46 (110.49)ST Total 106.000 11,027.75 11,811.58 741.06 42.77 LT ST 341.00 2.88 Next Dividend Payable 12/2017; Asset Class: Equities PFIZER INC (PFE) 11/27/15 2/16/16 4/22/16 577.000 68.000 48.000 32.760 29.655 33.359 35.700 35.700 35.700 18,902.52 2,016.56 1,601.23 20,598.90 2,427.60 1,713.60 1,696.38 411.04 112.37 LT LT LT Total 693.000 22,520.31 24,740.10 2,219.79 LT 887.00 3.58 Next Dividend Payable 12/2017; Asset Class: Equities PHILIP MORRIS INTL INC (PM) 11/9/15 2/16/16 62.000 11.000 85.028 89.897 111.010 111.010 5,271.76 988.87 6,882.62 1,221.11 1,610.86 232.24 LT LT 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 0 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 64 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 73.000 6,260.63 8,103.73 1,843.10 LT 312.00 3.85 Next Dividend Payable 10/12/17; Asset Class: Equities PNC FINL SVCS GP (PNC) 11/9/15 2/16/16 1/3/17 224.000 14.000 28.000 94.170 84.041 117.692 134.770 134.770 134.770 21,094.08 1,176.57 3,295.37 30,188.48 1,886.78 3,773.56 9,094.40 710.21 478.19 LT LT ST Total 266.000 25,566.02 35,848.82 9,804.61 478.19 LT ST 798.00 2.22 Next Dividend Payable 11/2017; Asset Class: Equities PPG INDUSTRIES INC (PPG) 11/9/15 12/2/15 2/16/16 54.000 15.000 20.000 101.538 105.605 93.488 108.660 108.660 108.660 5,483.06 1,584.08 1,869.76 5,867.64 1,629.90 2,173.20 384.58 45.82 303.44 LT LT LT 8/2/16 16.000 103.710 108.660 1,659.36 1,738.56 79.20 LT 5/1/17 14.000 109.781 108.660 1,536.93 1,521.24 (15.69)ST 9/27/17 26.000 108.391 108.660 2,818.17 2,825.16 6.99 ST Total 145.000 14,951.36 15,755.70 813.04 (8.70) LT ST 261.00 1.65 Next Dividend Payable 12/2017; Asset Class: Equities PROCTER & GAMBLE (PG) 11/9/15 2/16/16 25.000 14.000 75.300 81.277 90.980 90.980 1,882.50 1,137.88 2,274.50 1,273.72 392.00 135.84 LT LT Total 39.000 3,020.38 3,548.22 527.84 LT 108.00 3.04 Next Dividend Payable 11/2017; Asset Class: Equities PROGRESSIVE CORP OHIO (PGR) 11/9/15 113.000 31.398 48.420 3,548.01 5,471.46 1,923.45 LT 77.00 1.40 Next Dividend Payable 02/2018; Asset Class: Equities PRUDENTIAL FINANCIAL INC (PRU) 11/9/15 6/30/16 97.000 30.000 85.905 69.758 106.320 106.320 8,332.79 2,092.75 10,313.04 3,189.60 1,980.25 1,096.85 LT LT Total 127.000 10,425.54 13,502.64 3,077.10 LT 381.00 2.82 Next Dividend Payable 12/2017; Asset Class: Equities QUALCOMM INC (QCOM) 9/8/15 1/23/17 108.000 49.000 55.087 55.558 51.840 51.840 5,949.36 2,722.33 5,598.72 2,540.16 (350.64) (182.17) LT ST Total 157.000 8,671.69 8,138.88 (350.64) (182.17) LT ST 358.00 4.39 Next Dividend Payable 12/2017; Asset Class: Equities R P M INC (RPM) 11/9/15 12/2/15 4/19/17 64.000 21.000 44.000 45.561 47.278 50.825 51.340 51.340 51.340 2,915.89 992.83 2,236.29 3,285.76 1,078.14 2,258.96 369.87 85.31 22.67 LT LT ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 65 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 129.000 6,145.01 6,622.86 455.18 22.67 LT ST 155.00 2.34 Next Dividend Payable 10/2017; Asset Class: Equities REPUBLIC SERVICES INC (RSG) 11/9/15 2/16/16 4/26/16 159.000 14.000 63.000 43.578 45.157 45.927 66.060 66.060 66.060 6,928.98 632.20 2,893.38 10,503.54 924.84 4,161.78 3,574.56 292.64 1,268.40 LT LT LT 9/16/16 23.000 50.060 66.060 1,151.37 1,519.38 368.01 LT 10/5/16 25.000 50.082 66.060 1,252.06 1,651.50 399.44 ST Total 284.000 12,857.99 18,761.04 5,503.61 399.44 LT ST 392.00 2.08 Next Dividend Payable 10/16/17; Asset Class: Equities S&P GLOBAL INC COM (SPGI) 11/9/15 25.000 96.094 156.310 2,402.34 3,907.75 1,505.41 LT 41.00 1.04 Next Dividend Payable 12/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 11/9/15 12/22/15 5/10/16 51.000 31.000 30.000 78.020 69.491 73.758 69.760 69.760 69.760 3,979.02 2,154.21 2,212.73 3,557.76 2,162.56 2,092.80 (421.26) 8.35 (119.93) LT LT LT 8/30/16 20.000 81.296 69.760 1,625.91 1,395.20 (230.71)LT 11/7/16 45.000 79.150 69.760 3,561.75 3,139.20 (422.55)ST Total 177.000 13,533.62 12,347.52 (763.55) (422.55) LT ST 354.00 2.86 Next Dividend Payable 10/13/17; Asset Class: Equities SIMON PPTY GROUP INC (SPG) 11/9/15 2/16/16 5/13/16 55.000 6.000 11.000 190.056 185.823 196.291 161.010 161.010 161.010 10,453.07 1,114.94 2,159.20 8,855.55 966.06 1,771.11 (1,597.52) (148.88) (388.09) LT LT LT 7/27/17 8.000 165.286 161.010 1,322.29 1,288.08 (34.21)ST Total 80.000 15,049.50 12,880.80 (2,134.49) (34.21) LT ST 556.00 4.31 Next Dividend Payable 11/2017; Asset Class: Alt SNAP-ON INC (SNA) 11/9/15 16.000 169.053 149.010 2,704.84 2,384.16 (320.68)LT 45.00 1.88 Next Dividend Payable 12/2017; Asset Class: Equities STANLEY BLACK & DECKER INC (SWK) 2/16/16 2/23/16 11/1/16 31.000 18.000 10.000 92.966 93.440 113.557 150.970 150.970 150.970 2,881.95 1,681.92 1,135.57 4,680.07 2,717.46 1,509.70 1,798.12 1,035.54 374.13 LT LT ST 5/1/17 11.000 136.363 150.970 1,499.99 1,660.67 160.68 ST Total 70.000 7,199.43 10,567.90 2,833.66 534.81 LT ST 176.00 1.66 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 66 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 12/2017; Asset Class: Equities T ROWE PRICE GROUP INC (TROW) 11/17/15 162.000 75.381 90.650 12,211.77 14,685.30 2,473.53 LT 369.00 2.51 Next Dividend Payable 12/2017; Asset Class: Equities TEXAS INSTRUMENTS (TXN) 11/9/15 2/16/16 5/2/16 211.000 15.000 26.000 57.029 52.670 57.720 89.640 89.640 89.640 12,033.14 790.05 1,500.72 18,914.04 1,344.60 2,330.64 6,880.90 554.55 829.92 LT LT LT Total 252.000 14,323.91 22,589.28 8,265.37 LT 625.00 2.76 Next Dividend Payable 11/2017; Asset Class: Equities TIFFANY & COMPANY NEW (TIF) 11/9/15 19.000 79.957 91.780 1,519.19 1,743.82 224.63 LT 38.00 2.17 Next Dividend Payable 10/10/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 11/9/15 65.000 68.505 102.450 4,452.83 6,659.25 2,206.42 LT 105.00 1.57 Next Dividend Payable 11/2017; Asset Class: Equities TRAVELERS COMPANIES INC COM (TRV) 11/9/15 12/2/15 2/16/16 164.000 12.000 16.000 112.610 114.880 107.192 122.520 122.520 122.520 18,468.02 1,378.56 1,715.07 20,093.28 1,470.24 1,960.32 1,625.26 91.68 245.25 LT LT LT 7/5/17 13.000 126.324 122.520 1,642.21 1,592.76 (49.45)ST Total 205.000 23,203.86 25,116.60 1,962.19 (49.45) LT ST 590.00 2.34 Next Dividend Payable 12/2017; Asset Class: Equities U S BANCORP COM NEW (USB) 11/9/15 2/16/16 1/3/17 242.000 17.000 42.000 43.112 40.427 51.265 53.590 53.590 53.590 10,433.20 687.26 2,153.12 12,968.78 911.03 2,250.78 2,535.58 223.77 97.66 LT LT ST Total 301.000 13,273.58 16,130.59 2,759.35 97.66 LT ST 361.00 2.23 Next Dividend Payable 10/16/17; Asset Class: Equities UNION PACIFIC CORP (UNP) 11/9/15 11/18/16 12/1/16 81.000 11.000 19.000 86.780 99.917 103.535 115.970 115.970 115.970 7,029.18 1,099.09 1,967.16 9,393.57 1,275.67 2,203.43 2,364.39 176.58 236.27 LT ST ST 3/1/17 15.000 110.375 115.970 1,655.63 1,739.55 83.92 ST 5/1/17 11.000 112.186 115.970 1,234.05 1,275.67 41.62 ST Total 137.000 12,985.11 15,887.89 2,364.39 538.39 LT ST 332.00 2.08 Next Dividend Payable 12/2017; Asset Class: Equities V F CORPORATION (VFC) 2/16/16 5/2/16 29.000 27.000 60.010 63.687 63.570 63.570 1,740.29 1,719.55 1,843.53 1,716.39 103.24 (3.16) LT LT Total 56.000 3,459.84 3,559.92 100.08 LT 94.00 2.64 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 67 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 12/2017; Asset Class: Equities VALERO ENERGY CP DELA NEW (VLO) 6/6/16 8/3/16 11/30/16 19.000 43.000 21.000 54.480 54.554 62.110 76.930 76.930 76.930 1,035.12 2,345.82 1,304.30 1,461.67 3,307.99 1,615.53 426.55 962.17 311.23 LT LT ST 2/2/17 20.000 65.630 76.930 1,312.60 1,538.60 226.00 ST Total 103.000 5,997.84 7,923.79 1,388.72 537.23 LT ST 288.00 3.63 Next Dividend Payable 12/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/9/15 53.000 45.163 49.210 2,393.62 2,608.13 214.51 LT 81.00 3.10 Next Dividend Payable 12/2017; Asset Class: Equities VERIZON COMMUNICATIONS (VZ) 10/22/14 1/7/15 2/16/16 60.000 241.000 30.000 48.511 46.194 50.117 49.490 49.490 49.490 2,910.67 11,132.66 1,503.52 2,969.40 11,927.09 1,484.70 58.73 794.43 (18.82) LT LT LT 5/2/16 29.000 51.210 49.490 1,485.09 1,435.21 (49.88)LT 2/2/17 30.000 47.987 49.490 1,439.60 1,484.70 45.10 ST Total 390.000 18,471.54 19,301.10 784.46 45.10 LT ST 920.00 4.76 Next Dividend Payable 11/2017; Asset Class: Equities WALGREENS BOOTS ALLIANCE INC (WBA) 7/13/17 7/14/17 8/1/17 60.000 16.000 17.000 78.026 78.399 81.324 77.220 77.220 77.220 4,681.53 1,254.39 1,382.50 4,633.20 1,235.52 1,312.74 (48.33) (18.87) (69.76) ST ST ST 9/6/17 19.000 81.867 77.220 1,555.48 1,467.18 (88.30)ST Total 112.000 8,873.90 8,648.64 (225.26)ST 179.00 2.06 Next Dividend Payable 12/2017; Asset Class: Equities WELLS FARGO & CO NEW (WFC) 11/9/15 2/16/16 4/22/16 584.000 70.000 32.000 55.310 48.336 50.555 55.150 55.150 55.150 32,301.10 3,383.49 1,617.77 32,207.60 3,860.50 1,764.80 (93.50) 477.01 147.03 LT LT LT Total 686.000 37,302.36 37,832.90 530.54 LT 1,070.00 2.82 Next Dividend Payable 12/2017; Asset Class: Equities WYNDHAM WORLDWIDE CORP (WYN) 11/9/15 12/2/15 29.000 14.000 80.528 76.296 105.410 105.410 2,335.30 1,068.14 3,056.89 1,475.74 721.59 407.60 LT LT Total 43.000 3,403.44 4,532.63 1,129.19 LT 100.00 2.20 Next Dividend Payable 12/2017; Asset Class: Equities XCEL ENERGY INC (XEL) 11/9/15 2/16/16 234.000 29.000 34.903 38.607 47.320 47.320 8,167.21 1,119.60 11,072.88 1,372.28 2,905.67 252.68 LT LT 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 68 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 263.000 9,286.81 12,445.16 3,158.35 LT 379.00 3.04 Next Dividend Payable 10/20/17; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.76%$1,102,756.84 $1,323,268.18 $211,681.67 $8,829.67 LT ST $33,509.00 2.53% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$1,102,756.84 $1,353,645.66 $211,681.67 $8,829.67 LT ST $33,524.00 — 2.48% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. R - The cost basis for this tax lot was adjusted due to a reclassification of income. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $30,377.48 —————— Stocks —$1,290,180.30 —$33,087.88 ——— TOTAL ALLOCATION OF ASSETS $30,377.48 $1,290,180.30 —$33,087.88 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/6 9/1 Cash in Lieu DOWDUPONT INC CASH IN LIEU OF FRACTIONS $54.01 9/6 9/8 Sold TIFFANY & COMPANY NEW ACTED AS AGENT 28.000 $93.4528 2,616.61 9/6 9/8 Sold L BRANDS INC COM ACTED AS AGENT 54.000 37.4253 2,020.92 9/6 9/8 Bought WALGREENS BOOTS ALLIANCE INC ACTED AS AGENT 19.000 81.8675 (1,555.48) 9/7 9/11 Sold WESTROCK CO COM ACTED AS AGENT 29.000 55.9908 1,623.69 9/7 9/11 Bought AIR PROD & CHEM INC ACTED AS AGENT 9.000 144.1868 (1,297.68) 9/7 9/11 Bought DOWDUPONT INC ACTED AS AGENT 20.000 64.5989 (1,291.98) 9/7 9/11 Bought COMCAST CORP (NEW) CLASS A ACTED AS AGENT 31.000 40.7996 (1,264.79) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 69 of 130 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/7 9/11 Bought MOLSON COORS BREWING CO CL B ACTED AS AGENT 14.000 88.5085 (1,239.12) 9/8 9/12 Sold L BRANDS INC COM ACTED AS AGENT 18.000 36.8997 664.17 9/11 9/13 Sold CINEMARK HOLDINGS INC.ACTED AS AGENT 60.000 33.9266 2,035.55 9/11 9/13 Sold WESTROCK CO COM ACTED AS AGENT 19.000 57.1234 1,085.31 9/11 9/13 Bought CHUBB LTD ACTED AS AGENT 18.000 145.6510 (2,621.72) 9/27 9/29 Bought PPG INDUSTRIES INC ACTED AS AGENT 26.000 108.3912 (2,818.17) 9/29 10/3 Sold PRAXAIR INC ACTED AS AGENT 25.000 140.7629 3,518.98 9/29 10/3 Bought AIR PROD & CHEM INC ACTED AS AGENT 24.000 151.3353 (3,632.05) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(2,101.75) TOTAL PURCHASES $(15,720.99) TOTAL SALES AND REDEMPTIONS $13,619.24 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. UNSETTLED PURCHASES/SALES ACTIVITY Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 9/29 10/3 Sold PRAXAIR INC UNSETTLED SALE 25.000 $140.7629 $3,518.98 9/29 10/3 Bought AIR PROD & CHEM INC UNSETTLED PURCHASE 24.000 151.3353 (3,632.05) NET UNSETTLED PURCHASES/SALES $(113.07) This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services. TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/1 Qualified Dividend WELLS FARGO & CO NEW $267.54 9/1 Qualified Dividend PFIZER INC 221.76 9/1 Qualified Dividend CONOCOPHILLIPS 149.73 9/1 Qualified Dividend BB & T CORP 129.36 9/1 Qualified Dividend L BRANDS INC COM 84.60 9/1 Qualified Dividend KLA TENCOR CORP 74.34 9/7 Qualified Dividend VALERO ENERGY CP DELA NEW 94.50 9/7 Qualified Dividend DISCOVER FINCL SVCS 50.05 9/8 Qualified Dividend HONEYWELL INTERNATIONAL INC 98.42 9/8 Qualified Dividend ELI LILLY & CO 62.40 9/8 Qualified Dividend WYNDHAM WORLDWIDE CORP 24.94 9/8 Qualified Dividend SNAP-ON INC 11.36 9/11 Qualified Dividend CHEVRON CORP 362.88 9/11 Qualified Dividend EXXON MOBIL CORP 214.06 9/11 Qualified Dividend NORFOLK SOUTHERN CORP 48.80 9/12 Qualified Dividend JOHNSON & JOHNSON 225.12 9/12 Qualified Dividend 3M COMPANY 68.15 9/12 Qualified Dividend PPG INDUSTRIES INC 53.55 9/12 Qualified Dividend WALGREENS BOOTS ALLIANCE INC 37.20 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 70 of 130 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 9/12 Qualified Dividend S&P GLOBAL INC COM 10.25 9/13 Qualified Dividend METLIFE INCORPORATED 178.80 9/13 Qualified Dividend CINEMARK HOLDINGS INC.39.73 9/14 Qualified Dividend MICROSOFT CORP 145.86 9/14 Qualified Dividend HOME DEPOT INC 137.06 9/14 Qualified Dividend PRUDENTIAL FINANCIAL INC 95.25 9/15 Qualified Dividend NEXTERA ENERGY INC 74.67 9/15 Qualified Dividend DOVER CORP 70.50 9/15 Qualified Dividend KRAFT HEINZ CO 68.75 9/15 Qualified Dividend ARTHUR J GALLAGHER 55.77 9/15 Qualified Dividend CULLEN FROST BANKERS INC 42.75 9/15 Qualified Dividend MOLSON COORS BREWING CO CL B 42.23 9/15 Qualified Dividend PRAXAIR INC 19.69 9/18 Qualified Dividend MC DONALDS CORP 35.72 9/18 Qualified Dividend V F CORPORATION 23.52 9/19 Qualified Dividend ANALOG DEVICES INC 89.10 9/19 Qualified Dividend STANLEY BLACK & DECKER INC 44.10 9/20 Qualified Dividend QUALCOMM INC 89.49 9/22 Qualified Dividend BLACKROCK INC 165.00 9/25 Qualified Dividend CME GROUP INC 138.60 9/28 Qualified Dividend T ROWE PRICE GROUP INC 92.34 9/28 Qualified Dividend GILEAD SCIENCE 37.44 9/29 Qualified Dividend BANK OF AMERICA CORP 194.64 9/29 Qualified Dividend TRAVELERS COMPANIES INC COM 147.60 9/29 Qualified Dividend PEPSICO INC NC 85.33 9/29 Qualified Dividend UNION PACIFIC CORP 82.89 9/29 Qualified Dividend M&T BANK CORP 50.25 9/29 Qualified Dividend DU PONT EI DE NEMOURS & CO 48.26 9/29 Qualified Dividend BECTON DICKINSON & CO 48.18 9/29 Qualified Dividend FIDELITY NATL INFORMATION SE 43.21 9/29 Qualified Dividend VALIDUS HOLDINGS LTD COM 20.14 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 1.23 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $4,697.11 TOTAL QUALIFIED DIVIDENDS $4,695.88 TOTAL INTEREST $1.23 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $927.33 9/5 Automatic Investment BANK DEPOSIT PROGRAM 2,174.31 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 71 of 130 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 9/7 Automatic Investment BANK DEPOSIT PROGRAM 2,733.96 9/8 Automatic Investment BANK DEPOSIT PROGRAM 197.12 9/11 Automatic Investment BANK DEPOSIT PROGRAM 237.91 9/12 Automatic Investment BANK DEPOSIT PROGRAM 394.27 9/13 Automatic Investment BANK DEPOSIT PROGRAM 882.70 9/14 Automatic Investment BANK DEPOSIT PROGRAM 877.31 9/15 Automatic Investment BANK DEPOSIT PROGRAM 374.36 9/18 Automatic Investment BANK DEPOSIT PROGRAM 59.24 9/19 Automatic Investment BANK DEPOSIT PROGRAM 133.20 9/20 Automatic Investment BANK DEPOSIT PROGRAM 89.49 9/22 Automatic Investment BANK DEPOSIT PROGRAM 165.00 9/25 Automatic Investment BANK DEPOSIT PROGRAM 138.60 9/28 Automatic Investment BANK DEPOSIT PROGRAM 129.78 9/29 Automatic Investment BANK DEPOSIT PROGRAM 1.23 9/29 Automatic Redemption BANK DEPOSIT PROGRAM (2,097.67) NET ACTIVITY FOR PERIOD $7,418.14 TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 9/1 Exchange Delivered Out DU PONT EI DE NEMOURS & CO EXCHANGE (127.000) 9/1 Exchange Received In DOWDUPONT INC EXCHANGE 162.000 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments CINEMARK HOLDINGS INC.11/09/15 09/11/17 45.000 $1,526.66 $1,662.92 $(136.26) DOWDUPONT INC 11/09/15 09/01/17 0.814 54.01 42.26 11.75 L BRANDS INC COM 11/09/15 09/06/17 2.000 74.85 187.36 (112.51) 02/16/16 09/06/17 11.000 411.67 910.45 (498.78) 04/28/16 09/06/17 41.000 1,534.40 3,245.26 (1,710.86) PRAXAIR INC 05/02/16 09/29/17 3.000 422.28 354.37 67.91 07/01/16 09/29/17 22.000 3,096.70 2,490.98 605.72 TIFFANY & COMPANY NEW 11/09/15 09/06/17 28.000 2,616.61 2,238.80 377.81 WESTROCK CO COM 11/09/15 09/07/17 29.000 1,623.69 1,347.45 276.24 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 4 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110174-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 72 of 130 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments 11/09/15 09/11/17 19.000 1,085.31 882.82 202.49 Long-Term This Period $12,446.18 $13,362.67 $(916.49) Long-Term Year to Date $95,075.42 $92,316.77 $2,758.65 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments CINEMARK HOLDINGS INC.03/13/17 09/11/17 15.000 508.89 659.30 (150.41) L BRANDS INC COM 11/01/16 09/08/17 18.000 664.17 1,185.56 (521.39) Short-Term This Period $1,173.06 $1,844.86 $(671.80) Short-Term Year to Date $12,058.70 $11,263.89 $794.81 Net Realized Gain/(Loss) This Period $13,619.24 $15,207.53 $(1,588.29) Net Realized Gain/(Loss) Year to Date $107,134.12 $103,580.66 $3,553.46 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Important Tax Information Related To Your International Securities Holdings You may be eligible to benefit from a reduction of the amount of foreign taxes you pay on dividends on international securities in your account. These taxes are withheld by foreign tax authorities. Contact your Financial Advisor to determine qualification eligibility and requirements. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110258-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $549,891.55 $536,807.59 Credits —— Debits —(2,652.81) Security Transfers —— Net Credits/Debits/Transfers —$(2,652.81) Change in Value 29,088.38 44,825.15 TOTAL ENDING VALUE $578,979.93 $578,979.93 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 440 470 500 530 560 590 ($ ) T h o u s a n d s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 73 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds AlternativesMarket Value Percentage Cash $16,007.20 2.76 Equities 521,692.52 90.11 Fixed Income & Preferreds 3,900.82 0.67 Alternatives 37,379.39 6.46 TOTAL VALUE $578,979.93 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 5 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 74 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $14,614.69 $16,007.20 Stocks 531,454.58 559,071.91 ETFs & CEFs 3,822.28 3,900.82 Total Assets $549,891.55 $578,979.93 Total Liabilities (outstanding balance)—— TOTAL VALUE $549,891.55 $578,979.93 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $14,614.69 $28,872.41 Purchases (31,279.26)(124,678.85) Sales and Redemptions 31,920.94 107,901.28 Income and Distributions 750.83 6,565.17 Total Investment Related Activity $1,392.51 $(10,212.40) Other Debits —(2,652.81) Total Cash Related Activity —$(2,652.81) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $16,007.20 $16,007.20 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Qualified Dividends $627.68 $4,067.02 Other Dividends 122.64 2,495.63 Interest 0.51 2.52 Total Taxable Income And Distributions $750.83 $6,565.17 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $750.83 $6,565.17 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain $1,068.43 $4,056.09 $13,330.29 Short-Term (Loss)(2.79)(2.79)(6,476.94) Total Short-Term $1,065.64 $4,053.30 $6,853.35 Long-Term Gain 4,821.41 17,896.63 112,006.04 Long-Term (Loss)(10,000.40)(13,396.39)(14,347.02) Total Long-Term $(5,178.99)$4,500.24 $97,659.02 TOTAL GAIN/(LOSS)$(4,113.35)$8,553.54 $104,512.37 Disallowed Loss —$366.75 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income Investment Advisory Account Manager:Boston Partners - Smid Cap Value CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 75 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$16,007.20 —$8.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 2.76%$16,007.20 $8.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ABM INDUSTRIES INCORPORATED (ABM) 11/10/15 2/22/16 35.000 14.000 $28.575 31.774 $41.710 41.710 $1,000.13 444.84 $1,459.85 583.94 $459.72 139.10 LT LT Total 49.000 1,444.97 2,043.79 598.82 LT 33.00 1.61 Next Dividend Payable 11/2017; Asset Class: Equities ACCO BRANDS CORP (ACCO) 4/4/17 201.000 13.506 11.900 2,714.79 2,391.90 (322.89)ST —— Asset Class: Equities AECOM (ACM) 11/10/15 2/22/16 38.000 45.000 30.858 26.720 36.810 36.810 1,172.59 1,202.40 1,398.78 1,656.45 226.19 454.05 LT LT 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 76 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 83.000 2,374.99 3,055.23 680.24 LT —— Asset Class: Equities AEGION CORP COM (AEGN) 11/10/15 9/13/17 59.000 6.000 21.384 22.017 23.280 23.280 1,261.65 132.10 1,373.52 139.68 111.87 7.58 LT ST Total 65.000 1,393.75 1,513.20 111.87 7.58 LT ST —— Asset Class: Equities AES CORP (AES) 11/10/15 2/22/16 199.000 25.000 9.664 9.446 11.020 11.020 1,923.16 236.15 2,192.98 275.50 269.82 39.35 LT LT R R Total 224.000 2,159.31 2,468.48 309.17 LT 108.00 4.37 Next Dividend Payable 11/2017; Asset Class: Equities AGNC INVT CORP COM (AGNC) 11/10/15 2/22/16 3/13/17 74.000 11.000 12.000 17.420 17.717 19.260 21.680 21.680 21.680 1,289.06 194.89 231.12 1,604.32 238.48 260.16 315.26 43.59 29.04 LT LT ST R R Total 97.000 1,715.07 2,102.96 358.85 29.04 LT ST 210.00 9.98 Next Dividend Payable 10/10/17; Asset Class: Alt AIR LEASE CORP CL A (AL) 10/28/15 11/6/15 2/22/16 14.000 49.000 88.000 33.454 34.982 28.390 42.620 42.620 42.620 468.35 1,714.12 2,498.32 596.68 2,088.38 3,750.56 128.33 374.26 1,252.24 LT LT LT 6/24/16 68.000 26.235 42.620 1,783.99 2,898.16 1,114.17 LT 7/21/16 8.000 29.741 42.620 237.93 340.96 103.03 LT 1/11/17 9.000 35.980 42.620 323.82 383.58 59.76 ST Total 236.000 7,026.53 10,058.32 2,972.03 59.76 LT ST 71.00 0.70 Next Dividend Payable 10/06/17; Asset Class: Equities ALASKA AIR GROUP INCORPORATED (ALK) 9/12/17 9/13/17 21.000 1.000 76.057 76.000 76.270 76.270 1,597.20 76.00 1,601.67 76.27 4.47 0.27 ST ST Total 22.000 1,673.20 1,677.94 4.74 ST 26.00 1.54 Next Dividend Payable 12/2017; Asset Class: Equities ALLY FINANCIAL INC (ALLY) 12/4/15 2/22/16 9/13/17 140.000 14.000 2.000 19.907 17.487 22.680 24.260 24.260 24.260 2,787.04 244.82 45.36 3,396.40 339.64 48.52 609.36 94.82 3.16 LT LT ST Total 156.000 3,077.22 3,784.56 704.18 3.16 LT ST 75.00 1.98 Next Dividend Payable 11/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 77 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % AMC NETWORKS INC CL A (AMCX) 5/19/17 51.000 53.209 58.470 2,713.64 2,981.97 268.33 ST —— Asset Class: Equities AMDOCS LIMITED ORD (DOX) 11/10/15 2/22/16 61.000 7.000 60.001 58.927 64.320 64.320 3,660.09 412.49 3,923.52 450.24 263.43 37.75 LT LT Total 68.000 4,072.58 4,373.76 301.18 LT 60.00 1.37 Next Dividend Payable 10/20/17; Asset Class: Equities ANWORTH MORTGAGE ASSET CORP (ANH) 11/10/15 9/13/17 161.000 42.000 4.700 6.037 6.010 6.010 756.70 253.55 967.61 252.42 210.91 (1.13) LT ST Total 203.000 1,010.25 1,220.03 210.91 (1.13) LT ST 122.00 9.99 Next Dividend Payable 10/27/17; Asset Class: Alt ARES COMMERCIAL REAL EST CORP (ACRE) 11/10/15 2/22/16 222.000 28.000 12.639 9.709 13.310 13.310 2,805.81 271.84 2,954.82 372.68 149.01 100.84 LT LT Total 250.000 3,077.65 3,327.50 249.85 LT 270.00 8.11 Next Dividend Payable 10/16/17; Asset Class: Alt ARROW ELECTRONICS (ARW) 11/10/15 2/22/16 7/21/16 98.000 12.000 6.000 58.614 57.182 65.955 80.410 80.410 80.410 5,744.13 686.18 395.73 7,880.18 964.92 482.46 2,136.05 278.74 86.73 LT LT LT Total 116.000 6,826.04 9,327.56 2,501.52 LT —— Asset Class: Equities ASSURANT INC (AIZ) 11/10/15 2/22/16 14.000 2.000 84.225 70.635 95.520 95.520 1,179.15 141.27 1,337.28 191.04 158.13 49.77 LT LT Total 16.000 1,320.42 1,528.32 207.90 LT 34.00 2.22 Next Dividend Payable 12/2017; Asset Class: Equities ASSURED GUARANTY LTD (AGO) 11/10/15 2/22/16 1/11/17 86.000 11.000 12.000 28.557 24.197 39.330 37.750 37.750 37.750 2,455.90 266.17 471.96 3,246.50 415.25 453.00 790.60 149.08 (18.96) LT LT ST Total 109.000 3,194.03 4,114.75 939.68 (18.96) LT ST 62.00 1.50 Next Dividend Payable 11/2017; Asset Class: Equities ATHENE HOLDING LTD CLASS A (ATH) 3/29/17 32.000 49.679 53.840 1,589.72 1,722.88 133.16 ST —— Asset Class: Equities AVNET INC (AVT) 11/10/15 2/22/16 1/11/17 112.000 13.000 11.000 45.701 41.648 46.840 39.300 39.300 39.300 5,118.49 541.42 515.24 4,401.60 510.90 432.30 (716.89) (30.52) (82.94) LT LT ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 7 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 78 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 136.000 6,175.15 5,344.80 (747.41) (82.94) LT ST 98.00 1.83 Next Dividend Payable 12/2017; Asset Class: Equities AXIS CAPITAL HOLDINGS LTD (AXS) 11/10/15 2/22/16 9/13/17 16.000 10.000 1.000 55.520 53.607 59.410 57.310 57.310 57.310 888.32 536.07 59.41 916.96 573.10 57.31 28.64 37.03 (2.10) LT LT ST Total 27.000 1,483.80 1,547.37 65.67 (2.10) LT ST 41.00 2.64 Next Dividend Payable 10/2017; Asset Class: Equities BANKUNITED INC (BKU) 3/28/17 104.000 36.271 35.570 3,772.17 3,699.28 (72.89)ST 87.00 2.35 Next Dividend Payable 10/2017; Asset Class: Equities BELDEN INC (BDC) 11/10/15 9/13/17 18.000 1.000 63.248 79.270 80.530 80.530 1,138.46 79.27 1,449.54 80.53 311.08 1.26 LT ST Total 19.000 1,217.73 1,530.07 311.08 1.26 LT ST 4.00 0.26 Next Dividend Payable 10/04/17; Asset Class: Equities BERRY GLOBAL GROUP INC (BERY) 2/22/16 9/13/17 99.000 4.000 30.150 56.470 56.650 56.650 2,984.85 225.88 5,608.35 226.60 2,623.50 0.72 LT ST Total 103.000 3,210.73 5,834.95 2,623.50 0.72 LT ST —— Asset Class: Equities BLACKSTONE MTG TRUST INC CL A (BXMT) 9/21/16 3/13/17 48.000 5.000 29.515 30.106 31.020 31.020 1,416.70 150.53 1,488.96 155.10 72.26 4.57 LT ST Total 53.000 1,567.23 1,644.06 72.26 4.57 LT ST 131.00 7.96 Next Dividend Payable 10/13/17; Asset Class: Alt BMC STK HLDGS INC (BMCH) 11/10/15 2/22/16 5/20/16 133.000 16.000 33.000 17.137 14.714 18.057 21.350 21.350 21.350 2,279.27 235.43 595.87 2,839.55 341.60 704.55 560.28 106.17 108.68 LT LT LT 9/13/17 18.000 21.079 21.350 379.43 384.30 4.87 ST Total 200.000 3,490.00 4,270.00 775.13 4.87 LT ST —— Asset Class: Equities BOOZ ALLEN HAMILTON HLDG CL-A (BAH) 11/10/15 2/22/16 39.000 7.000 29.155 27.187 37.390 37.390 1,137.05 190.31 1,458.21 261.73 321.16 71.42 LT LT Total 46.000 1,327.36 1,719.94 392.58 LT 31.00 1.80 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 79 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 11/2017; Asset Class: Equities BRISTOW GROUP INC (BRS) 6/7/17 118.000 6.880 9.350 811.88 1,103.30 291.42 ST 33.00 2.99 Asset Class: Equities BROCADE COMMUN SYSTEMS INC (BRCD) 11/10/15 2/22/16 9/13/17 251.000 27.000 2.000 10.728 9.810 12.265 11.950 11.950 11.950 2,692.83 264.87 24.53 2,999.45 322.65 23.90 306.62 57.78 (0.63) LT LT ST Total 280.000 2,982.23 3,346.00 364.40 (0.63) LT ST 62.00 1.85 Next Dividend Payable 10/03/17; Asset Class: Equities BROOKS-AUTOMATION INC (BRKS) 11/10/15 2/22/16 111.000 16.000 11.258 9.310 30.360 30.360 1,249.66 148.96 3,369.96 485.76 2,120.30 336.80 LT LT Total 127.000 1,398.62 3,855.72 2,457.10 LT 51.00 1.32 Next Dividend Payable 12/2017; Asset Class: Equities BRUNSWICK CORP (BC) 10/28/16 33.000 43.116 55.970 1,422.82 1,847.01 424.19 ST 22.00 1.19 Next Dividend Payable 12/2017; Asset Class: Equities CABOT CORP (CBT) 11/10/15 29.000 41.164 55.800 1,193.75 1,618.20 424.45 LT 37.00 2.28 Next Dividend Payable 12/2017; Asset Class: Equities CAMBREX CORP (CBM) 9/12/17 54.000 50.642 55.000 2,734.68 2,970.00 235.32 ST —— Asset Class: Equities CARLISLE CO INC (CSL) 4/4/17 31.000 104.444 100.290 3,237.77 3,108.99 (128.78)ST 46.00 1.47 Next Dividend Payable 12/2017; Asset Class: Equities CARS COM INC (CARS) 11/10/15 2/22/16 6/7/17 22.697 2.303 31.000 29.504 26.939 28.741 26.610 26.610 26.610 669.66 62.04 890.96 603.97 61.28 824.91 (65.69) (0.76) (66.05) LT LT ST 9/13/17 1.000 27.110 26.610 27.11 26.61 (0.50)ST Total 57.000 1,649.77 1,516.77 (66.45) (66.55) LT ST —— Asset Class: Equities CDW CORPORATION (CDW) 11/10/15 2/22/16 1/11/17 91.000 12.000 9.000 42.590 38.900 53.041 66.000 66.000 66.000 3,875.69 466.80 477.37 6,006.00 792.00 594.00 2,130.31 325.20 116.63 LT LT ST Total 112.000 4,819.86 7,392.00 2,455.51 116.63 LT ST 72.00 0.97 Next Dividend Payable 12/2017; Asset Class: Equities CHATHAM LODGING TRUST COM (CLDT) 11/10/15 2/22/16 120.000 14.000 22.452 20.817 21.320 21.320 2,694.19 291.44 2,558.40 298.48 (135.79) 7.04 LT LT R R 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 8 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 80 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 134.000 2,985.63 2,856.88 (128.75)LT 177.00 6.19 Next Dividend Payable 10/2017; Asset Class: Alt CHEMED CORPORATION (CHE) 11/10/15 2/22/16 1/11/17 20.000 4.000 3.000 153.059 128.620 163.137 202.050 202.050 202.050 3,061.17 514.48 489.41 4,041.00 808.20 606.15 979.83 293.72 116.74 LT LT ST Total 27.000 4,065.06 5,455.35 1,273.55 116.74 LT ST 30.00 0.54 Next Dividend Payable 12/2017; Asset Class: Equities COHERENT INC (COHR) 11/10/15 2/22/16 1/11/17 31.000 3.000 4.000 63.180 83.540 142.928 235.170 235.170 235.170 1,958.58 250.62 571.71 7,290.27 705.51 940.68 5,331.69 454.89 368.97 LT LT ST Total 38.000 2,780.91 8,936.46 5,786.58 368.97 LT ST —— Asset Class: Equities COLONY NORTHSTAR INC (CLNS) 11/10/15 2/22/16 4/29/16 207.000 25.000 31.000 14.616 11.136 11.890 12.560 12.560 12.560 3,025.58 278.41 368.58 2,599.92 314.00 389.36 (425.66) 35.59 20.78 LT LT LT 9/13/17 2.000 12.980 12.560 25.96 25.12 (0.84)ST Total 265.000 3,698.53 3,328.40 (369.29) (0.84) LT ST 286.00 8.59 Next Dividend Payable 10/16/17; Asset Class: Alt COLUMBIA BANKING SYSTEMS INC (COLB) 11/10/15 2/22/16 30.000 4.000 35.366 28.650 42.110 42.110 1,060.97 114.60 1,263.30 168.44 202.33 53.84 LT LT Total 34.000 1,175.57 1,431.74 256.17 LT 30.00 2.09 Next Dividend Payable 11/2017; Asset Class: Equities COMMSCOPE HOLDING COMPANY INC (COMM) 9/16/16 11/11/16 9/13/17 79.000 32.000 19.000 30.384 33.030 33.715 33.210 33.210 33.210 2,400.34 1,056.97 640.59 2,623.59 1,062.72 630.99 223.25 5.75 (9.60) LT ST ST Total 130.000 4,097.90 4,317.30 223.25 (3.85) LT ST —— Asset Class: Equities CONVERGYS CORPORATION (CVG) 11/10/15 2/22/16 55.000 7.000 25.777 24.877 25.890 25.890 1,417.71 174.14 1,423.95 181.23 6.24 7.09 LT LT Total 62.000 1,591.85 1,605.18 13.33 LT 25.00 1.55 Next Dividend Payable 10/06/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 81 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CROWN HLDGS INC (HOLDING CO) (CCK) 11/10/15 2/22/16 4/29/16 14.000 10.000 2.000 51.933 45.775 53.030 59.720 59.720 59.720 727.07 457.75 106.06 836.08 597.20 119.44 109.01 139.45 13.38 LT LT LT Total 26.000 1,290.88 1,552.72 261.84 LT —— Asset Class: Equities CURTISS WRIGHT CORP (CW) 11/10/15 2/22/16 8.000 20.000 68.210 66.786 104.540 104.540 545.68 1,335.72 836.32 2,090.80 290.64 755.08 LT LT Total 28.000 1,881.40 2,927.12 1,045.72 LT 17.00 0.58 Next Dividend Payable 10/2017; Asset Class: Equities CYS INVESTMENTS INC (CYS) 11/10/15 2/22/16 9/13/17 523.000 64.000 10.000 7.222 7.411 8.739 8.640 8.640 8.640 3,777.34 474.29 87.39 4,518.72 552.96 86.40 741.38 78.67 (0.99) LT LT ST R R Total 597.000 4,339.02 5,158.08 820.05 (0.99) LT ST 597.00 11.57 Next Dividend Payable 10/11/17; Asset Class: Alt DIAMONDBACK ENERGY INC (FANG) 5/12/15 5/12/15 5/12/15 7.000 10.000 13.000 78.721 79.473 79.459 97.960 97.960 97.960 551.05 794.73 1,032.97 685.72 979.60 1,273.48 134.67 184.87 240.51 LT LT LT 12/2/15 23.000 76.425 97.960 1,757.78 2,253.08 495.30 LT 2/22/16 7.000 73.410 97.960 513.87 685.72 171.85 LT 1/11/17 4.000 103.078 97.960 412.31 391.84 (20.47)ST Total 64.000 5,062.71 6,269.44 1,227.20 (20.47) LT ST —— Asset Class: Equities DICKS SPORTING GOODS INC (DKS) 3/7/17 5/16/17 35.000 32.000 47.810 41.064 27.010 27.010 1,673.35 1,314.06 945.35 864.32 (728.00) (449.74) ST ST Total 67.000 2,987.41 1,809.67 (1,177.74)ST 46.00 2.54 Next Dividend Payable 12/2017; Asset Class: Equities DRILL-QUIP INC (DRQ) 12/15/15 2/22/16 19.000 3.000 59.995 52.247 44.150 44.150 1,139.90 156.74 838.85 132.45 (301.05) (24.29) LT LT Total 22.000 1,296.64 971.30 (325.34)LT —— Asset Class: Equities E*TRADE FINANCIAL CORP NEW COM (ETFC) 10/19/16 2/9/17 50.000 72.000 28.624 35.880 43.610 43.610 1,431.19 2,583.36 2,180.50 3,139.92 749.31 556.56 ST ST Total 122.000 4,014.55 5,320.42 1,305.87 ST —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 4 9 9 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 82 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EAST WEST BANCORP (EWBC) 2/22/16 9/21/16 61.000 44.000 29.860 35.957 59.780 59.780 1,821.46 1,582.11 3,646.58 2,630.32 1,825.12 1,048.21 LT LT Total 105.000 3,403.57 6,276.90 2,873.33 LT 84.00 1.33 Next Dividend Payable 11/2017; Asset Class: Equities ENERSYS (ENS) 11/10/15 2/22/16 3/14/17 31.000 6.000 16.000 64.216 47.822 75.543 69.170 69.170 69.170 1,990.70 286.93 1,208.69 2,144.27 415.02 1,106.72 153.57 128.09 (101.97) LT LT ST Total 53.000 3,486.32 3,666.01 281.66 (101.97) LT ST 37.00 1.00 Next Dividend Payable 12/2017; Asset Class: Equities ENGILITY HLDGS INC NEW COM (EGL) 9/19/17 72.000 31.811 34.680 2,290.40 2,496.96 206.56 ST —— Asset Class: Equities ENVISION HEALTHCARE CORP (EVHC) 11/10/15 2/22/16 34.000 4.000 84.892 70.585 44.950 44.950 2,886.34 282.34 1,528.30 179.80 (1,358.04) (102.54) LT LT Total 38.000 3,168.68 1,708.10 (1,460.58)LT —— Asset Class: Equities ESSENT GROUP LTD COM (ESNT) 11/10/15 2/22/16 4/29/16 99.000 9.000 16.000 24.534 19.406 20.019 40.500 40.500 40.500 2,428.83 174.65 320.31 4,009.50 364.50 648.00 1,580.67 189.85 327.69 LT LT LT Total 124.000 2,923.79 5,022.00 2,098.21 LT —— Asset Class: Equities EXTRACTION OIL & GAS LLC (XOG) 1/11/17 29.000 18.990 15.390 550.71 446.31 (104.40)ST —— Asset Class: Equities FCB FINL HLDGS INC CL A (FCB) 9/23/16 9/26/16 37.000 16.000 39.299 38.331 48.300 48.300 1,454.07 613.29 1,787.10 772.80 333.03 159.51 LT LT Total 53.000 2,067.36 2,559.90 492.54 LT —— Asset Class: Equities FERRO CORP (FOE) 6/17/16 6/7/17 6/8/17 93.000 50.000 12.000 14.505 17.500 17.500 22.300 22.300 22.300 1,348.95 875.00 210.00 2,073.90 1,115.00 267.60 724.95 240.00 57.60 LT ST ST 9/13/17 2.000 20.485 22.300 40.97 44.60 3.63 ST Total 157.000 2,474.92 3,501.10 724.95 301.23 LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 83 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % FERROGLOBE PLC SHS (GSM) 11/10/15 2/22/16 9/13/17 67.000 10.000 7.000 11.070 7.558 13.206 13.160 13.160 13.160 741.69 75.58 92.44 881.72 131.60 92.12 140.03 56.02 (0.32) LT LT ST Total 84.000 909.71 1,105.44 196.05 (0.32) LT ST —— Asset Class: Equities FIDELITY NATIONAL FINANCIAL IN (FNF) 11/10/15 9/13/17 44.000 1.000 34.750 47.630 47.460 47.460 1,529.00 47.63 2,088.24 47.46 559.24 (0.17) LT ST Total 45.000 1,576.63 2,135.70 559.24 (0.17) LT ST 45.00 2.10 Next Dividend Payable 12/2017; Asset Class: Equities FIDELITY NATIONAL FINL INC (FNFV) 11/10/15 2/22/16 33.000 3.000 11.150 9.910 17.150 17.150 367.95 29.73 565.95 51.45 198.00 21.72 LT LT Total 36.000 397.68 617.40 219.72 LT —— Asset Class: Equities FINISH LINE INC CL A (FINL) 11/10/15 2/22/16 126.000 14.000 18.426 18.677 12.030 12.030 2,321.69 261.48 1,515.78 168.42 (805.91) (93.06) LT LT Total 140.000 2,583.17 1,684.20 (898.97)LT 62.00 3.68 Next Dividend Payable 12/2017; Asset Class: Equities FIRST AMERICAN FINL CORP (FAF) 11/10/15 2/22/16 2.000 54.000 38.095 37.350 49.970 49.970 76.19 2,016.90 99.94 2,698.38 23.75 681.48 LT LT Total 56.000 2,093.09 2,798.32 705.23 LT 85.00 3.03 Next Dividend Payable 12/2017; Asset Class: Equities FIRST CITIZ BANCSHARES A (FCNCA) 11/10/15 2/22/16 1/11/17 6.000 1.000 1.000 262.660 239.710 358.000 373.890 373.890 373.890 1,575.96 239.71 358.00 2,243.34 373.89 373.89 667.38 134.18 15.89 LT LT ST Total 8.000 2,173.67 2,991.12 801.56 15.89 LT ST 10.00 0.33 Next Dividend Payable 10/02/17; Asset Class: Equities FIRST MERCHANTS CORP (FRME) 9/18/17 70.000 39.799 42.930 2,785.94 3,005.10 219.16 ST 50.00 1.66 Next Dividend Payable 12/2017; Asset Class: Equities FIRST MIDW BNCP DELA (FMBI) 3/28/17 70.000 23.156 23.420 1,620.95 1,639.40 18.45 ST 28.00 1.70 Next Dividend Payable 10/10/17; Asset Class: Equities FIRSTCASH INC (FCFS) 11/10/15 2/22/16 3/7/17 63.000 8.000 30.000 39.054 40.991 43.800 63.150 63.150 63.150 2,460.43 327.93 1,314.00 3,978.45 505.20 1,894.50 1,518.02 177.27 580.50 LT LT ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 0 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 84 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 3/30/17 12.000 47.874 63.150 574.49 757.80 183.31 ST 9/13/17 2.000 58.280 63.150 116.56 126.30 9.74 ST Total 115.000 4,793.41 7,262.25 1,695.29 773.55 LT ST 87.00 1.19 Next Dividend Payable 11/2017; Asset Class: Equities FLEXTRONICS INTL LTD (FLEX) 11/10/15 2/22/16 1/11/17 282.000 34.000 33.000 11.547 10.700 14.576 16.570 16.570 16.570 3,256.31 363.80 481.01 4,672.74 563.38 546.81 1,416.43 199.58 65.80 LT LT ST Total 349.000 4,101.12 5,782.93 1,616.01 65.80 LT ST —— Asset Class: Equities FOOT LOCKER INC (FL) 6/29/17 34.000 48.571 35.220 1,651.43 1,197.48 (453.95)ST 42.00 3.50 Next Dividend Payable 10/2017; Asset Class: Equities FORUM ENERGY TECHNOLOGIES (FET) 9/13/17 9/13/17 117.000 1.000 14.090 14.100 15.900 15.900 1,648.52 14.10 1,860.30 15.90 211.78 1.80 ST ST Total 118.000 1,662.62 1,876.20 213.58 ST —— Asset Class: Equities FTD COS INC COM (FTD) 11/10/15 2/22/16 3/13/17 60.000 8.000 7.000 25.097 24.156 23.299 13.040 13.040 13.040 1,505.82 193.25 163.09 782.40 104.32 91.28 (723.42) (88.93) (71.81) LT LT ST Total 75.000 1,862.16 978.00 (812.35) (71.81) LT ST —— Asset Class: Equities FTI CONSULTING INC (FCN) 11/10/15 2/22/16 32.000 4.000 36.200 34.573 35.480 35.480 1,158.40 138.29 1,135.36 141.92 (23.04) 3.63 LT LT Total 36.000 1,296.69 1,277.28 (19.41)LT —— Asset Class: Equities GARDNER DENVER HOLDINGS, INC (GDI) 5/23/17 9/13/17 117.000 2.000 23.443 24.700 27.520 27.520 2,742.80 49.40 3,219.84 55.04 477.04 5.64 ST ST Total 119.000 2,792.20 3,274.88 482.68 ST —— Asset Class: Equities GRANITE CONSTR INC (GVA) 11/10/15 2/22/16 35.000 8.000 38.008 39.125 57.950 57.950 1,330.29 313.00 2,028.25 463.60 697.96 150.60 LT LT Total 43.000 1,643.29 2,491.85 848.56 LT 22.00 0.88 Next Dividend Payable 10/13/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 85 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % GRAPHIC PACKAGING HOLDING CO (GPK) 11/10/15 2/22/16 9/15/17 236.000 126.000 151.000 13.672 11.535 13.000 13.950 13.950 13.950 3,226.67 1,453.41 1,963.00 3,292.20 1,757.70 2,106.45 65.53 304.29 143.45 LT LT ST Total 513.000 6,643.08 7,156.35 369.82 143.45 LT ST 154.00 2.15 Next Dividend Payable 10/05/17; Asset Class: Equities GROUP I AUTOMOTIVE INC (GPI) 11/10/15 2/22/16 20.000 3.000 85.275 53.010 72.460 72.460 1,705.51 159.03 1,449.20 217.38 (256.31) 58.35 LT LT Total 23.000 1,864.54 1,666.58 (197.96)LT 22.00 1.32 Next Dividend Payable 12/2017; Asset Class: Equities GULFPORT ENERGY CORP NEW (GPOR) 9/30/16 87.000 27.976 14.340 2,433.89 1,247.58 (1,186.31)ST —— Asset Class: Equities HANMI FINANCIAL CORP NEW (HAFC) 8/29/16 9/21/16 56.000 17.000 26.159 26.286 30.950 30.950 1,464.88 446.86 1,733.20 526.15 268.32 79.29 LT LT Total 73.000 1,911.74 2,259.35 347.61 LT 61.00 2.69 Next Dividend Payable 11/2017; Asset Class: Equities HANOVER INSURANCE GROUP INC (THG) 11/10/15 2/22/16 3/14/17 18.000 3.000 38.000 85.732 83.997 90.750 96.930 96.930 96.930 1,543.18 251.99 3,448.49 1,744.74 290.79 3,683.34 201.56 38.80 234.85 LT LT ST 9/13/17 1.000 96.500 96.930 96.50 96.93 0.43 ST Total 60.000 5,340.16 5,815.80 240.36 235.28 LT ST 120.00 2.06 Next Dividend Payable 12/2017; Asset Class: Equities HEIDRICK & STRUGGLES INTL INC (HSII) 11/10/15 2/22/16 61.000 10.000 28.869 22.853 21.150 21.150 1,761.03 228.53 1,290.15 211.50 (470.88) (17.03) LT LT Total 71.000 1,989.56 1,501.65 (487.91)LT 37.00 2.46 Next Dividend Payable 11/2017; Asset Class: Equities HILLENBRAND INC (HI) 11/10/15 45.000 30.455 38.850 1,370.46 1,748.25 377.79 LT 37.00 2.11 Next Dividend Payable 12/2017; Asset Class: Equities HUNTINGTON INGALLS INDUSTRIES (HII) 11/10/15 2/22/16 7/21/16 6.000 4.000 3.000 127.644 134.625 168.720 226.440 226.440 226.440 765.86 538.50 506.16 1,358.64 905.76 679.32 592.78 367.26 173.16 LT LT LT Total 13.000 1,810.52 2,943.72 1,133.20 LT 31.00 1.05 Next Dividend Payable 12/2017; Asset Class: Equities IAC INTERACTIVECORP COM (IAC) 11/10/15 2/22/16 17.000 27.000 65.260 45.430 117.580 117.580 1,109.42 1,226.61 1,998.86 3,174.66 889.44 1,948.05 LT LT 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 86 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 44.000 2,336.03 5,173.52 2,837.49 LT —— Asset Class: Equities ICON PLC (ICLR) 11/10/15 2/22/16 6/24/16 2.000 9.000 39.000 69.835 69.313 67.398 113.880 113.880 113.880 139.67 623.82 2,628.54 227.76 1,024.92 4,441.32 88.09 401.10 1,812.78 LT LT LT Total 50.000 3,392.03 5,694.00 2,301.97 LT —— Asset Class: Equities INFINITY PPTY & CASUALTY (IPCC) 11/10/15 2/22/16 14.000 2.000 81.726 80.670 94.200 94.200 1,144.17 161.34 1,318.80 188.40 174.63 27.06 LT LT Total 16.000 1,305.51 1,507.20 201.69 LT 37.00 2.45 Next Dividend Payable 12/2017; Asset Class: Equities INSIGHT ENTERPRISES INC (NSIT) 11/10/15 37.000 26.693 45.920 987.65 1,699.04 711.39 LT —— Asset Class: Equities INTEGRA LIFESCIENCES CRP NEW (IART) 11/10/15 2/22/16 22.000 14.000 31.902 29.199 50.480 50.480 701.84 408.79 1,110.56 706.72 408.72 297.93 LT LT Total 36.000 1,110.63 1,817.28 706.65 LT —— Asset Class: Equities JACOBS ENGINEERING GROUP INC (JEC) 5/5/16 29.000 45.879 58.270 1,330.48 1,689.83 359.35 LT 17.00 1.00 Next Dividend Payable 12/2017; Asset Class: Equities JAGGED PEAK ENERGY INC COM (JAG) 1/30/17 9/13/17 267.000 4.000 14.441 12.468 13.660 13.660 3,855.80 49.87 3,647.22 54.64 (208.58) 4.77 ST ST Total 271.000 3,905.67 3,701.86 (203.81)ST —— Asset Class: Equities JONES LANG LASALLE INC (JLL) 10/28/16 11/28/16 14.000 12.000 97.779 100.016 123.500 123.500 1,368.90 1,200.19 1,729.00 1,482.00 360.10 281.81 ST ST Total 26.000 2,569.09 3,211.00 641.91 ST 18.00 0.56 Next Dividend Payable 12/2017; Asset Class: Equities KAR AUCTION SVCS INC (KAR) 11/5/15 11/5/15 11/6/15 18.000 33.000 42.000 37.414 37.757 37.690 47.740 47.740 47.740 673.46 1,246.00 1,583.00 859.32 1,575.42 2,005.08 185.86 329.42 422.08 LT LT LT 2/22/16 11.000 34.827 47.740 383.10 525.14 142.04 LT 9/13/17 1.000 46.090 47.740 46.09 47.74 1.65 ST Total 105.000 3,931.65 5,012.70 1,079.40 1.65 LT ST 134.00 2.67 Next Dividend Payable 10/03/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 87 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % KOSMOS ENERGY LTD (KOS) 1/27/17 9/13/17 378.000 8.000 6.360 7.386 7.960 7.960 2,404.08 59.09 3,008.88 63.68 604.80 4.59 ST ST Total 386.000 2,463.17 3,072.56 609.39 ST —— Asset Class: Equities LA Z BOY INCORPORATED (LZB) 5/17/17 9/12/17 9/13/17 99.000 55.000 1.000 27.082 25.075 25.030 26.900 26.900 26.900 2,681.07 1,379.11 25.03 2,663.10 1,479.50 26.90 (17.97) 100.39 1.87 ST ST ST Total 155.000 4,085.21 4,169.50 84.29 ST 68.00 1.63 Next Dividend Payable 12/2017; Asset Class: Equities LCI INDS (LCII) 11/10/15 2/22/16 7/21/16 70.000 12.000 6.000 58.886 60.481 89.890 115.850 115.850 115.850 4,122.05 725.77 539.34 8,109.50 1,390.20 695.10 3,987.45 664.43 155.76 LT LT LT Total 88.000 5,387.16 10,194.80 4,807.64 LT 176.00 1.72 Next Dividend Payable 12/2017; Asset Class: Equities LEUCADIA NAT CP (LUK) 12/15/15 12/18/15 2/22/16 67.000 97.000 19.000 16.888 16.476 15.047 25.250 25.250 25.250 1,131.49 1,598.17 285.90 1,691.75 2,449.25 479.75 560.26 851.08 193.85 LT LT LT 1/11/17 21.000 23.660 25.250 496.86 530.25 33.39 ST Total 204.000 3,512.42 5,151.00 1,605.19 33.39 LT ST 82.00 1.59 Next Dividend Payable 12/2017; Asset Class: Equities LIFEPOINT HEALTH INC (LPNT) 11/10/15 2/22/16 27.000 3.000 71.569 64.257 57.900 57.900 1,932.35 192.77 1,563.30 173.70 (369.05) (19.07) LT LT Total 30.000 2,125.12 1,737.00 (388.12)LT —— Asset Class: Equities LIONS GATE ENTMNT CORP CL B (LGF'B) 12/12/16 51.000 26.100 31.790 1,331.10 1,621.29 290.19 ST —— Asset Class: Equities LITHIA MOTORS INC A (LAD) 9/2/16 9/15/16 41.000 11.000 84.514 91.404 120.310 120.310 3,465.07 1,005.44 4,932.71 1,323.41 1,467.64 317.97 LT LT Total 52.000 4,470.51 6,256.12 1,785.61 LT 56.00 0.89 Next Dividend Payable 11/2017; Asset Class: Equities LIVE NATION ENTERTAINMENT INC (LYV) 11/10/15 2/22/16 43.000 9.000 26.585 20.586 43.550 43.550 1,143.13 185.27 1,872.65 391.95 729.52 206.68 LT LT Total 52.000 1,328.40 2,264.60 936.20 LT —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 88 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MAIDEN HOLDINGS LTD SHS (MHLD) 11/10/15 2/22/16 1/11/17 410.000 47.000 22.000 15.200 13.629 17.975 7.950 7.950 7.950 6,231.88 640.54 395.45 3,259.50 373.65 174.90 (2,972.38) (266.89) (220.55) LT LT ST 3/14/17 70.000 14.860 7.950 1,040.19 556.50 (483.69)ST Total 549.000 8,308.06 4,364.55 (3,239.27) (704.24) LT ST 329.00 7.53 Next Dividend Payable 10/16/17; Asset Class: Equities MANPOWERGROUP INC COM (MAN) 11/10/15 2/22/16 14.000 3.000 91.140 78.037 117.820 117.820 1,275.96 234.11 1,649.48 353.46 373.52 119.35 LT LT Total 17.000 1,510.07 2,002.94 492.87 LT 32.00 1.59 Next Dividend Payable 12/2017; Asset Class: Equities MARVELL TECH GROUP LTD (MRVL) 4/5/17 251.000 15.129 17.900 3,797.38 4,492.90 695.52 ST 60.00 1.33 Next Dividend Payable 10/2017; Asset Class: Equities MAXIMUS INC (MMS) 11/10/15 2/22/16 20.000 4.000 69.103 47.970 64.500 64.500 1,382.06 191.88 1,290.00 258.00 (92.06) 66.12 LT LT Total 24.000 1,573.94 1,548.00 (25.94)LT 4.00 0.25 Next Dividend Payable 11/2017; Asset Class: Equities MFA FINANCIAL INC (MFA) 11/10/15 2/22/16 9/13/17 473.000 61.000 8.000 6.827 6.690 8.725 8.760 8.760 8.760 3,229.31 408.09 69.80 4,143.48 534.36 70.08 914.17 126.27 0.28 LT LT ST Total 542.000 3,707.20 4,747.92 1,040.44 0.28 LT ST 434.00 9.14 Next Dividend Payable 10/31/17; Asset Class: Alt MINERALS TECHNOLOGY INC (MTX) 11/10/15 2/22/16 9/13/17 39.000 31.000 2.000 60.921 49.748 66.525 70.650 70.650 70.650 2,375.90 1,542.20 133.05 2,755.35 2,190.15 141.30 379.45 647.95 8.25 LT LT ST Total 72.000 4,051.15 5,086.80 1,027.40 8.25 LT ST 14.00 0.27 Next Dividend Payable 12/2017; Asset Class: Equities MTGE INVT CORP (MTGE) 11/10/15 2/22/16 58.000 9.000 14.886 13.438 19.400 19.400 863.36 120.94 1,125.20 174.60 261.84 53.66 LT LT Total 67.000 984.30 1,299.80 315.50 LT 121.00 9.30 Next Dividend Payable 10/27/17; Asset Class: Alt NATIONAL GEN HLDGS CORP (NGHC) 3/17/17 116.000 23.494 19.110 2,725.25 2,216.76 (508.49)ST 19.00 0.85 Next Dividend Payable 10/16/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 89 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % NAVIENT CORP COM (NAVI) 11/10/15 12/2/15 2/22/16 160.000 77.000 195.000 12.687 11.920 10.349 15.020 15.020 15.020 2,029.89 917.86 2,018.00 2,403.20 1,156.54 2,928.90 373.31 238.68 910.90 LT LT LT 4/6/17 66.000 14.580 15.020 962.27 991.32 29.05 ST Total 498.000 5,928.02 7,479.96 1,522.89 29.05 LT ST 319.00 4.26 Next Dividend Payable 12/2017; Asset Class: Equities NAVIGANT CONSULTING INC (NCI) 11/10/15 2/22/16 114.000 24.000 17.378 14.865 16.920 16.920 1,981.13 356.75 1,928.88 406.08 (52.25) 49.33 LT LT Total 138.000 2,337.88 2,334.96 (2.92)LT —— Asset Class: Equities NELNET INC CL A (NNI) 6/24/16 69.000 32.477 50.500 2,240.90 3,484.50 1,243.60 LT 39.00 1.11 Next Dividend Payable 12/2017; Asset Class: Equities NETAPP INC COM (NTAP) 9/7/17 9/13/17 112.000 1.000 38.501 40.390 43.760 43.760 4,312.11 40.39 4,901.12 43.76 589.01 3.37 ST ST Total 113.000 4,352.50 4,944.88 592.38 ST 90.00 1.82 Next Dividend Payable 10/2017; Asset Class: Equities OFFICE DEPOT (ODP) 5/11/16 362.000 3.708 4.540 1,342.44 1,643.48 301.04 LT 36.00 2.19 Next Dividend Payable 12/2017; Asset Class: Equities OLIN CORPORATION (OLN) 1/8/16 2/22/16 76.000 9.000 17.008 15.450 34.250 34.250 1,292.62 139.05 2,603.00 308.25 1,310.38 169.20 LT LT Total 85.000 1,431.67 2,911.25 1,479.58 LT 68.00 2.33 Next Dividend Payable 12/2017; Asset Class: Equities ON ASSIGNMENT INC (ASGN) 11/2/16 5/26/17 9/12/17 40.000 32.000 40.000 34.531 52.475 49.254 53.680 53.680 53.680 1,381.24 1,679.20 1,970.14 2,147.20 1,717.76 2,147.20 765.96 38.56 177.06 ST ST ST Total 112.000 5,030.58 6,012.16 981.58 ST —— Asset Class: Equities ON SEMICONDUCTOR CORP (ON) 11/10/15 2/22/16 6/24/16 275.000 30.000 155.000 11.259 7.960 9.016 18.470 18.470 18.470 3,096.31 238.80 1,397.42 5,079.25 554.10 2,862.85 1,982.94 315.30 1,465.43 LT LT LT 1/11/17 34.000 13.475 18.470 458.15 627.98 169.83 ST Total 494.000 5,190.68 9,124.18 3,763.67 169.83 LT ST —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 90 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % OWENS & MINOR INC NEW (OMI) 11/10/15 2/22/16 4/29/16 28.000 3.000 5.000 36.650 39.533 36.364 29.200 29.200 29.200 1,026.20 118.60 181.82 817.60 87.60 146.00 (208.60) (31.00) (35.82) LT LT LT Total 36.000 1,326.62 1,051.20 (275.42)LT 37.00 3.51 Next Dividend Payable 12/2017; Asset Class: Equities OWENS ILLINOIS COM NEW (OI) 9/27/17 118.000 24.419 25.160 2,881.44 2,968.88 87.44 ST —— Asset Class: Equities PAREXEL INTL CORP (PRXL) 4/1/16 45.000 63.999 88.080 2,879.97 3,963.60 1,083.63 LT —— Asset Class: Equities PARSLEY ENERGY INC CL A (PE) 11/10/15 12/2/15 2/22/16 159.000 74.000 31.000 18.615 18.978 17.020 26.340 26.340 26.340 2,959.79 1,404.37 527.62 4,188.06 1,949.16 816.54 1,228.27 544.79 288.92 LT LT LT 7/21/16 16.000 28.034 26.340 448.55 421.44 (27.11)LT 9/13/17 11.000 25.560 26.340 281.16 289.74 8.58 ST Total 291.000 5,621.49 7,664.94 2,034.87 8.58 LT ST —— Asset Class: Equities PHARMERICA CORP COM (PMC) 8/22/16 5/17/17 9/13/17 66.000 40.000 1.000 22.371 25.313 29.080 29.300 29.300 29.300 1,476.50 1,012.53 29.08 1,933.80 1,172.00 29.30 457.30 159.47 0.22 LT ST ST Total 107.000 2,518.11 3,135.10 457.30 159.69 LT ST —— Asset Class: Equities POLYONE CORP (POL) 3/7/17 50.000 32.840 40.030 1,641.98 2,001.50 359.52 ST 27.00 1.34 Next Dividend Payable 10/05/17; Asset Class: Equities PORTLAND GENERAL ELEC CO (POR) 3/15/17 36.000 44.611 45.640 1,605.99 1,643.04 37.05 ST 49.00 2.98 Next Dividend Payable 10/16/17; Asset Class: Equities PRA GROUP INC (PRAA) 5/10/16 53.000 24.958 28.650 1,322.76 1,518.45 195.69 LT —— Asset Class: Equities QEP RESOURCES INC (QEP) 11/10/15 2/22/16 9/21/16 93.000 6.000 152.000 15.870 11.207 17.569 8.570 8.570 8.570 1,475.91 67.24 2,670.49 797.01 51.42 1,302.64 (678.90) (15.82) (1,367.85) LT LT LT 9/13/17 2.000 8.055 8.570 16.11 17.14 1.03 ST Total 253.000 4,229.75 2,168.21 (2,062.57) 1.03 LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 91 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % RADIAN GROUP INC (RDN) 11/10/15 2/22/16 9/13/17 230.000 25.000 4.000 14.417 10.987 17.098 18.690 18.690 18.690 3,316.00 274.67 68.39 4,298.70 467.25 74.76 982.70 192.58 6.37 LT LT ST Total 259.000 3,659.06 4,840.71 1,175.28 6.37 LT ST —— Next Dividend Payable 12/2017; Asset Class: Equities RAYMOND JAMES FINCL INC (RJF) 5/18/15 5/18/15 2/22/16 14.000 3.000 6.000 57.963 58.692 44.145 84.330 84.330 84.330 811.48 176.08 264.87 1,180.62 252.99 505.98 369.14 76.91 241.11 LT LT LT Total 23.000 1,252.43 1,939.59 687.16 LT 20.00 1.03 Next Dividend Payable 10/16/17; Asset Class: Equities REALOGY HOLDINGS CORP (RLGY) 11/10/15 9/13/17 38.000 3.000 42.320 34.417 32.950 32.950 1,608.16 103.25 1,252.10 98.85 (356.06) (4.40) LT ST Total 41.000 1,711.41 1,350.95 (356.06) (4.40) LT ST 15.00 1.11 Next Dividend Payable 11/2017; Asset Class: Equities REINSURANCE GROUP OF AMERICA (RGA) 11/10/15 2/22/16 35.000 5.000 91.490 90.646 139.530 139.530 3,202.15 453.23 4,883.55 697.65 1,681.40 244.42 LT LT Total 40.000 3,655.38 5,581.20 1,925.82 LT 80.00 1.43 Next Dividend Payable 11/2017; Asset Class: Equities RICE ENERGY INC (RICE) 11/10/15 2/22/16 8/9/16 102.000 3.000 90.000 15.930 9.167 24.681 28.940 28.940 28.940 1,624.86 27.50 2,221.25 2,951.88 86.82 2,604.60 1,327.02 59.32 383.35 LT LT LT 9/13/17 4.000 27.870 28.940 111.48 115.76 4.28 ST Total 199.000 3,985.09 5,759.06 1,769.69 4.28 LT ST —— Asset Class: Equities RPX CORPORATION COM (RPXC) 11/10/15 2/22/16 9/13/17 206.000 24.000 1.000 14.051 9.797 12.920 13.280 13.280 13.280 2,894.42 235.13 12.92 2,735.68 318.72 13.28 (158.74) 83.59 0.36 LT LT ST Total 231.000 3,142.47 3,067.68 (75.15) 0.36 LT ST —— Asset Class: Equities RSP PERMIAN INC (RSPP) 11/10/15 2/22/16 5/17/17 52.000 4.000 37.000 28.170 21.260 40.880 34.590 34.590 34.590 1,464.84 85.04 1,512.55 1,798.68 138.36 1,279.83 333.84 53.32 (232.72) LT LT ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 4 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 92 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 9/13/17 3.000 31.167 34.590 93.50 103.77 10.27 ST Total 96.000 3,155.93 3,320.64 387.16 (222.45) LT ST —— Asset Class: Equities SCHOLASTIC CP (SCHL) 5/20/16 35.000 37.305 37.200 1,305.67 1,302.00 (3.67)LT 21.00 1.61 Next Dividend Payable 12/2017; Asset Class: Equities SCHWEITZER MAUDUIT INT INC (SWM) 11/10/15 12/14/15 2/22/16 47.000 20.000 27.000 39.744 40.264 33.260 41.460 41.460 41.460 1,867.99 805.28 898.02 1,948.62 829.20 1,119.42 80.63 23.92 221.40 LT LT LT 9/11/17 49.000 38.855 41.460 1,903.91 2,031.54 127.63 ST Total 143.000 5,475.20 5,928.78 325.95 127.63 LT ST 240.00 4.04 Next Dividend Payable 12/2017; Asset Class: Equities SCRIPPS NETWORKS INTERAC CL A (SNI) 6/24/16 20.000 60.301 85.890 1,206.02 1,717.80 511.78 LT 24.00 1.39 Next Dividend Payable 12/2017; Asset Class: Equities SELECT MEDICAL HLDGS CP (SEM) 11/10/15 2/22/16 79.000 11.000 12.154 8.575 19.200 19.200 960.14 94.33 1,516.80 211.20 556.66 116.87 LT LT Total 90.000 1,054.47 1,728.00 673.53 LT —— Asset Class: Equities SERVICE CORP INTL (SCI) 11/10/15 2/22/16 3/13/17 33.000 6.000 9.000 26.470 23.507 30.800 34.500 34.500 34.500 873.52 141.04 277.20 1,138.50 207.00 310.50 264.98 65.96 33.30 LT LT ST Total 48.000 1,291.76 1,656.00 330.94 33.30 LT ST 29.00 1.75 Next Dividend Payable 12/2017; Asset Class: Equities SKECHERS U S A INC CL A (SKX) 9/23/16 10/21/16 6/5/17 13.000 92.000 95.000 22.486 19.099 27.308 25.090 25.090 25.090 292.32 1,757.15 2,594.27 326.17 2,308.28 2,383.55 33.85 551.13 (210.72) LT ST ST Total 200.000 4,643.74 5,018.00 33.85 340.41 LT ST —— Asset Class: Equities SLM CORPORATION (SLM) 11/10/15 2/22/16 3/13/17 237.000 21.000 46.000 6.880 6.030 11.895 11.470 11.470 11.470 1,630.56 126.63 547.17 2,718.39 240.87 527.62 1,087.83 114.24 (19.55) LT LT ST Total 304.000 2,304.36 3,486.88 1,202.07 (19.55) LT ST —— Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 93 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities STARWOOD PROPERTY TRUST INC (STWD) 5/13/16 12/6/16 108.000 80.000 20.352 22.140 21.720 21.720 2,198.06 1,771.20 2,345.76 1,737.60 147.70 (33.60) LT ST Total 188.000 3,969.26 4,083.36 147.70 (33.60) LT ST 361.00 8.84 Next Dividend Payable 10/13/17; Asset Class: Alt STEEL DYNAMICS INC (STLD) 12/4/15 2/22/16 7/21/16 58.000 107.000 20.000 17.152 18.343 25.931 34.470 34.470 34.470 994.82 1,962.66 518.62 1,999.26 3,688.29 689.40 1,004.44 1,725.63 170.78 LT LT LT Total 185.000 3,476.10 6,376.95 2,900.85 LT 115.00 1.80 Next Dividend Payable 10/12/17; Asset Class: Equities STEVEN MADDEN LTD (SHOO) 11/10/15 12/1/15 2/22/16 61.000 28.000 12.000 33.730 31.893 34.674 43.300 43.300 43.300 2,057.53 893.01 416.09 2,641.30 1,212.40 519.60 583.77 319.39 103.51 LT LT LT 6/5/17 38.000 39.237 43.300 1,491.01 1,645.40 154.39 ST 9/13/17 2.000 41.835 43.300 83.67 86.60 2.93 ST Total 141.000 4,941.31 6,105.30 1,006.67 157.32 LT ST —— Asset Class: Equities STIFEL FINANCIAL CORPORATION (SF) 5/10/16 7/21/16 9/21/16 91.000 14.000 17.000 34.359 33.566 38.865 53.460 53.460 53.460 3,126.67 469.92 660.71 4,864.86 748.44 908.82 1,738.19 278.52 248.11 LT LT LT Total 122.000 4,257.30 6,522.12 2,264.82 LT 49.00 0.75 Next Dividend Payable 12/2017; Asset Class: Equities SUNCOKE ENERGY INC COM (SXC) 3/23/17 5/17/17 9/13/17 185.000 147.000 7.000 9.018 8.276 8.797 9.140 9.140 9.140 1,668.26 1,216.57 61.58 1,690.90 1,343.58 63.98 22.64 127.01 2.40 ST ST ST Total 339.000 2,946.41 3,098.46 152.05 ST —— Asset Class: Equities SVB FNCL GRP (SIVB) 2/22/16 9/21/16 19.000 13.000 87.486 107.563 187.090 187.090 1,662.23 1,398.32 3,554.71 2,432.17 1,892.48 1,033.85 LT LT Total 32.000 3,060.55 5,986.88 2,926.33 LT —— Asset Class: Equities SYKES ENTERPRISES INC (SYKE) 11/10/15 2/22/16 60.000 8.000 31.328 29.861 29.160 29.160 1,879.70 238.89 1,749.60 233.28 (130.10) (5.61) LT LT Total 68.000 2,118.59 1,982.88 (135.71)LT —— 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 5 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 94 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities SYNNEX CORP (SNX) 11/10/15 2/22/16 32.000 5.000 94.740 93.850 126.510 126.510 3,031.68 469.25 4,048.32 632.55 1,016.64 163.30 LT LT Total 37.000 3,500.93 4,680.87 1,179.94 LT 44.00 0.93 Next Dividend Payable 10/2017; Asset Class: Equities TEGNA INC COM (TGNA) 11/10/15 2/22/16 9/13/17 69.000 7.000 4.000 17.560 15.804 12.420 13.330 13.330 13.330 1,211.63 110.63 49.68 919.77 93.31 53.32 (291.86) (17.32) 3.64 LT LT ST Total 80.000 1,371.94 1,066.40 (309.18) 3.64 LT ST 22.00 2.06 Next Dividend Payable 10/02/17; Asset Class: Equities TELETECH HOLDINGS INC (TTEC) 11/10/15 2/22/16 152.000 12.000 28.833 27.209 41.750 41.750 4,382.68 326.51 6,346.00 501.00 1,963.32 174.49 LT LT Total 164.000 4,709.19 6,847.00 2,137.81 LT 77.00 1.12 Next Dividend Payable 10/2017; Asset Class: Equities TEMPUR-PEDIC INT'L INC (TPX) 10/17/16 28.000 51.869 64.520 1,452.34 1,806.56 354.22 ST —— Asset Class: Equities TERADYNE INC (TER) 11/10/15 2/22/16 1/11/17 109.000 14.000 18.000 20.100 18.840 26.100 37.290 37.290 37.290 2,190.90 263.76 469.80 4,064.61 522.06 671.22 1,873.71 258.30 201.42 LT LT ST Total 141.000 2,924.46 5,257.89 2,132.01 201.42 LT ST 39.00 0.74 Next Dividend Payable 12/2017; Asset Class: Equities TETRA TECH INC (TTEK) 11/10/15 2/22/16 9/13/17 77.000 7.000 11.000 26.620 27.523 43.138 46.550 46.550 46.550 2,049.74 192.66 474.52 3,584.35 325.85 512.05 1,534.61 133.19 37.53 LT LT ST Total 95.000 2,716.92 4,422.25 1,667.80 37.53 LT ST 38.00 0.85 Next Dividend Payable 12/2017; Asset Class: Equities TORCHMARK CORP (TMK) 11/10/15 2/22/16 17.000 5.000 59.604 52.398 80.090 80.090 1,013.26 261.99 1,361.53 400.45 348.27 138.46 LT LT Total 22.000 1,275.25 1,761.98 486.73 LT 13.00 0.73 Next Dividend Payable 11/2017; Asset Class: Equities TUTOR PERINI CORP COM (TPC) 11/10/15 2/22/16 9/14/17 49.000 2.000 54.000 15.976 13.075 26.295 28.400 28.400 28.400 782.84 26.15 1,419.93 1,391.60 56.80 1,533.60 608.76 30.65 113.67 LT LT ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 95 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 105.000 2,228.92 2,982.00 639.41 113.67 LT ST —— Asset Class: Equities TWO HARBORS INVT CORP COM (TWO) 11/10/15 2/22/16 1/31/17 453.000 61.000 234.000 8.350 7.625 8.600 10.080 10.080 10.080 3,782.55 465.13 2,012.40 4,566.24 614.88 2,358.72 783.69 149.75 346.32 LT LT ST 9/13/17 7.000 10.006 10.080 70.04 70.56 0.52 ST Total 755.000 6,330.12 7,610.40 933.44 346.84 LT ST 785.00 10.31 Next Dividend Payable 10/27/17; Asset Class: Alt UNIVERSAL CP VA (UVV) 11/10/15 2/22/16 6/24/16 18.000 6.000 35.000 55.266 55.003 55.052 57.300 57.300 57.300 994.78 330.02 1,926.81 1,031.40 343.80 2,005.50 36.62 13.78 78.69 LT LT LT Total 59.000 3,251.61 3,380.70 129.09 LT 127.00 3.75 Next Dividend Payable 11/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/10/15 2/22/16 7/21/16 28.000 17.000 7.000 45.200 45.134 48.890 49.210 49.210 49.210 1,265.60 767.28 342.23 1,377.88 836.57 344.47 112.28 69.29 2.24 LT LT LT Total 52.000 2,375.11 2,558.92 183.81 LT 79.00 3.08 Next Dividend Payable 12/2017; Asset Class: Equities VALVOLINE INC COM (VVV) 1/5/17 5/17/17 163.000 19.000 21.419 23.059 23.450 23.450 3,491.30 438.12 3,822.35 445.55 331.05 7.43 ST ST Total 182.000 3,929.42 4,267.90 338.48 ST 36.00 0.84 Next Dividend Payable 12/2017; Asset Class: Equities WALKER & DUNLOP INC (WD) 11/10/15 2/22/16 4/29/16 96.000 15.000 31.000 28.519 22.995 21.869 52.330 52.330 52.330 2,737.82 344.92 677.94 5,023.68 784.95 1,622.23 2,285.86 440.03 944.29 LT LT LT Total 142.000 3,760.68 7,430.86 3,670.18 LT —— Asset Class: Equities WESCO INTL INC (WCC) 11/10/15 12/4/15 2/22/16 11.000 26.000 57.000 48.858 47.886 43.870 58.250 58.250 58.250 537.44 1,245.03 2,500.59 640.75 1,514.50 3,320.25 103.31 269.47 819.66 LT LT LT Total 94.000 4,283.06 5,475.50 1,192.44 LT —— Asset Class: Equities WILDHORSE RESOURCE DEV CORP (WRD) 12/15/16 195.000 14.809 13.320 2,887.70 2,597.40 (290.30)ST —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 96 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % WORLD FUEL SERVICES CORP (INT) 11/10/15 2/22/16 3/13/17 125.000 14.000 39.000 45.402 46.089 36.645 33.910 33.910 33.910 5,675.29 645.25 1,429.16 4,238.75 474.74 1,322.49 (1,436.54) (170.51) (106.67) LT LT ST 3/14/17 74.000 36.766 33.910 2,720.67 2,509.34 (211.33)ST 5/26/17 48.000 36.054 33.910 1,730.61 1,627.68 (102.93)ST Total 300.000 12,200.98 10,173.00 (1,607.05) (420.93) LT ST 72.00 0.70 Next Dividend Payable 10/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.56%$454,744.33 $559,071.91 $97,494.54 $6,833.04 LT ST $8,560.00 1.53% EXCHANGE-TRADED & CLOSED-END FUNDS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ARES CAPITAL CORP (ARCC) 11/10/15 2/22/16 9/21/16 79.000 10.000 94.000 $15.610 12.807 15.677 $16.390 16.390 16.390 $1,233.21 128.07 1,473.61 $1,294.81 163.90 1,540.66 $61.60 35.83 67.05 LT LT LT 8/11/17 55.000 16.021 16.390 881.14 901.45 20.31 ST Total 238.000 3,716.03 3,900.82 164.48 20.31 LT ST 362.00 9.28 Next Dividend Payable 12/2017; Asset Class: FI & Pref Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 0.67%$3,716.03 $3,900.82 $164.48 $20.31 LT ST $362.00 9.28% Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 97 of 130 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$458,460.36 $578,979.93 $97,659.02 $6,853.35 LT ST $8,930.00 — 1.54% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. R - The cost basis for this tax lot was adjusted due to a reclassification of income. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $16,007.20 —————— Stocks —$521,692.52 —$37,379.39 ——— ETFs & CEFs ——$3,900.82 ———— TOTAL ALLOCATION OF ASSETS $16,007.20 $521,692.52 $3,900.82 $37,379.39 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/7 9/11 Bought NETAPP INC COM ACTED AS AGENT 112.000 $38.5010 $(4,312.11) 9/8 9/12 Sold PULTE GROUP INC ACTED AS AGENT 72.000 25.6892 1,849.57 9/8 9/12 Sold NU SKIN ENTERPRISE INC A ACTED AS AGENT 29.000 62.2900 1,806.36 9/8 9/12 Sold TAILORED BRANDS INC COM ACTED AS AGENT 131.000 12.9039 1,690.37 9/8 9/12 Sold SELECT MEDICAL HLDGS CP ACTED AS AGENT 42.000 18.0242 757.00 9/8 9/12 Sold JELD WEN HLD INC ACTED AS AGENT 18.000 32.6912 588.42 9/8 9/12 Sold CLUBCORP HLDGS INC ACTED AS AGENT 12.000 17.0250 204.29 9/11 9/13 Bought SCHWEITZER MAUDUIT INT INC ACTED AS AGENT 49.000 38.8554 (1,903.91) 9/12 9/14 Bought CAMBREX CORP ACTED AS AGENT 54.000 50.6423 (2,734.68) 9/12 9/14 Bought ON ASSIGNMENT INC ACTED AS AGENT 40.000 49.2534 (1,970.14) 9/12 9/14 Bought ALASKA AIR GROUP INCORPORATED ACTED AS AGENT 21.000 76.0573 (1,597.20) 9/12 9/14 Bought LA Z BOY INCORPORATED ACTED AS AGENT 55.000 25.0747 (1,379.11) 9/13 9/15 Sold CLUBCORP HLDGS INC ACTED AS AGENT 156.000 17.0750 2,663.63 9/13 9/15 Sold ON SEMICONDUCTOR CORP ACTED AS AGENT 94.000 16.8750 1,586.21 9/13 9/15 Sold PAREXEL INTL CORP ACTED AS AGENT 18.000 87.9243 1,582.60 9/13 9/15 Sold SCRIPPS NETWORKS INTERAC CL A ACTED AS AGENT 18.000 85.2400 1,534.28 9/13 9/15 Sold WALKER & DUNLOP INC ACTED AS AGENT 31.000 46.5770 1,443.85 9/13 9/15 Sold ANDEAVOR ACTED AS AGENT 12.000 103.6972 1,244.34 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 7 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 98 of 130 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/13 9/15 Sold SERVICE CORP INTL ACTED AS AGENT 21.000 35.4129 743.65 9/13 9/15 Bought FORUM ENERGY TECHNOLOGIES ACTED AS AGENT 117.000 14.0899 (1,648.52) 9/13 9/15 Bought COMMSCOPE HOLDING COMPANY INC ACTED AS AGENT 19.000 33.7150 (640.59) 9/13 9/15 Bought TETRA TECH INC ACTED AS AGENT 11.000 43.1382 (474.52) 9/13 9/15 Bought BMC STK HLDGS INC ACTED AS AGENT 18.000 21.0796 (379.43) 9/13 9/15 Bought PARSLEY ENERGY INC CL A ACTED AS AGENT 11.000 25.5599 (281.16) 9/13 9/15 Bought ANWORTH MORTGAGE ASSET CORP ACTED AS AGENT 42.000 6.0369 (253.55) 9/13 9/15 Bought BERRY GLOBAL GROUP INC ACTED AS AGENT 4.000 56.4690 (225.88) 9/13 9/15 Bought MINERALS TECHNOLOGY INC ACTED AS AGENT 2.000 66.5250 (133.05) 9/13 9/15 Bought AEGION CORP COM ACTED AS AGENT 6.000 22.0170 (132.10) 9/13 9/15 Bought FIRSTCASH INC ACTED AS AGENT 2.000 58.2800 (116.56) 9/13 9/15 Bought RICE ENERGY INC ACTED AS AGENT 4.000 27.8699 (111.48) 9/13 9/15 Bought REALOGY HOLDINGS CORP ACTED AS AGENT 3.000 34.4150 (103.25) 9/13 9/15 Bought HANOVER INSURANCE GROUP INC ACTED AS AGENT 1.000 96.5000 (96.50) 9/13 9/15 Bought RSP PERMIAN INC ACTED AS AGENT 3.000 31.1664 (93.50) 9/13 9/15 Bought FERROGLOBE PLC SHS ACTED AS AGENT 7.000 13.2050 (92.44) 9/13 9/15 Bought CYS INVESTMENTS INC ACTED AS AGENT 10.000 8.7390 (87.39) 9/13 9/15 Bought STEVEN MADDEN LTD ACTED AS AGENT 2.000 41.8350 (83.67) 9/13 9/15 Bought BELDEN INC ACTED AS AGENT 1.000 79.2726 (79.27) 9/13 9/15 Bought ALASKA AIR GROUP INCORPORATED ACTED AS AGENT 1.000 76.0000 (76.00) 9/13 9/15 Bought TWO HARBORS INVT CORP COM ACTED AS AGENT 7.000 10.0050 (70.04) 9/13 9/15 Bought MFA FINANCIAL INC ACTED AS AGENT 8.000 8.7250 (69.80) 9/13 9/15 Bought RADIAN GROUP INC ACTED AS AGENT 4.000 17.0970 (68.39) 9/13 9/15 Bought SUNCOKE ENERGY INC COM ACTED AS AGENT 7.000 8.7970 (61.58) 9/13 9/15 Bought AXIS CAPITAL HOLDINGS LTD ACTED AS AGENT 1.000 59.4100 (59.41) 9/13 9/15 Bought KOSMOS ENERGY LTD ACTED AS AGENT 8.000 7.3868 (59.09) 9/13 9/15 Bought JAGGED PEAK ENERGY INC COM ACTED AS AGENT 4.000 12.4668 (49.87) 9/13 9/15 Bought TEGNA INC COM ACTED AS AGENT 4.000 12.4190 (49.68) 9/13 9/15 Bought GARDNER DENVER HOLDINGS, INC ACTED AS AGENT 2.000 24.7000 (49.40) 9/13 9/15 Bought FIDELITY NATIONAL FINANCIAL IN ACTED AS AGENT 1.000 47.6335 (47.63) 9/13 9/15 Bought KAR AUCTION SVCS INC ACTED AS AGENT 1.000 46.0900 (46.09) 9/13 9/15 Bought ALLY FINANCIAL INC ACTED AS AGENT 2.000 22.6800 (45.36) 9/13 9/15 Bought FERRO CORP ACTED AS AGENT 2.000 20.4835 (40.97) 9/13 9/15 Bought NETAPP INC COM ACTED AS AGENT 1.000 40.3850 (40.39) 9/13 9/15 Bought PHARMERICA CORP COM ACTED AS AGENT 1.000 29.0800 (29.08) 9/13 9/15 Bought CARS COM INC ACTED AS AGENT 1.000 27.1099 (27.11) 9/13 9/15 Bought COLONY NORTHSTAR INC ACTED AS AGENT 2.000 12.9775 (25.96) 9/13 9/15 Bought LA Z BOY INCORPORATED ACTED AS AGENT 1.000 25.0250 (25.03) 9/13 9/15 Bought BROCADE COMMUN SYSTEMS INC ACTED AS AGENT 2.000 12.2670 (24.53) 9/13 9/15 Bought QEP RESOURCES INC ACTED AS AGENT 2.000 8.0568 (16.11) 9/13 9/15 Bought FORUM ENERGY TECHNOLOGIES ACTED AS AGENT 1.000 14.1000 (14.10) 9/13 9/15 Bought RPX CORPORATION COM ACTED AS AGENT 1.000 12.9150 (12.92) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 99 of 130 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/14 9/18 Bought TUTOR PERINI CORP COM ACTED AS AGENT 54.000 26.2950 (1,419.93) 9/15 9/19 Bought GRAPHIC PACKAGING HOLDING CO ACTED AS AGENT 151.000 13.0000 (1,963.00) 9/18 9/20 Bought FIRST MERCHANTS CORP ACTED AS AGENT 70.000 39.7991 (2,785.94) 9/19 9/19 Redemption CLUBCORP HLDGS INC EXCHANGE FOR CASH CUSIP: 18948M108 163.000 17.1200 2,790.56 9/19 9/21 Sold TAILORED BRANDS INC COM ACTED AS AGENT 123.000 14.0182 1,724.20 9/19 9/21 Sold ICON PLC ACTED AS AGENT 7.000 113.0131 791.07 9/19 9/21 Sold CHEMED CORPORATION ACTED AS AGENT 2.000 188.1233 376.24 9/19 9/21 Bought ENGILITY HLDGS INC NEW COM ACTED AS AGENT 72.000 31.8111 (2,290.40) 9/22 9/26 Sold ANDEAVOR ACTED AS AGENT 49.000 104.0852 5,100.05 9/22 9/26 Sold BRISTOW GROUP INC ACTED AS AGENT 121.000 9.3814 1,135.12 9/25 9/27 Sold INVESTORS BANCORP INC NEW ACTED AS AGENT 174.000 13.2712 2,309.13 9/27 9/29 Bought OWENS ILLINOIS COM NEW ACTED AS AGENT 118.000 24.4190 (2,881.44) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $641.68 TOTAL PURCHASES $(31,279.26) TOTAL SALES AND REDEMPTIONS $31,920.94 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/1 Qualified Dividend LCI INDS $44.00 9/1 Qualified Dividend CARLISLE CO INC 11.47 9/1 Qualified Dividend TETRA TECH INC 8.40 9/1 Qualified Dividend CHEMED CORPORATION 8.12 9/1 Qualified Dividend JACOBS ENGINEERING GROUP INC 4.35 9/1 Qualified Dividend RADIAN GROUP INC 0.64 9/7 Qualified Dividend MINERALS TECHNOLOGY INC 3.50 9/8 Dividend AGNC INVT CORP COM 17.46 9/8 Qualified Dividend CABOT CORP 9.14 9/8 Qualified Dividend HUNTINGTON INGALLS INDUSTRIES 7.80 9/11 Qualified Dividend CDW CORPORATION 17.92 9/11 Qualified Dividend OLIN CORPORATION 17.00 9/11 Qualified Dividend FINISH LINE INC CL A 15.40 9/11 Qualified Dividend SCRIPPS NETWORKS INTERAC CL A 11.40 9/13 Qualified Dividend NU SKIN ENTERPRISE INC A 10.44 9/15 Qualified Dividend NAVIENT CORP COM 79.68 9/15 Qualified Dividend ANDEAVOR 35.99 9/15 Qualified Dividend AVNET INC 24.48 9/15 Qualified Dividend FIRST AMERICAN FINL CORP 21.28 9/15 Qualified Dividend STIFEL FINANCIAL CORPORATION 12.20 9/15 Qualified Dividend LA Z BOY INCORPORATED 10.89 9/15 Qualified Dividend NELNET INC CL A 9.66 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 8 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 100 of 130 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 9/15 Qualified Dividend OFFICE DEPOT 9.05 9/15 Qualified Dividend VALVOLINE INC COM 8.92 9/15 Qualified Dividend GROUP I AUTOMOTIVE INC 5.52 9/15 Qualified Dividend BRUNSWICK CORP 5.45 9/15 Qualified Dividend SCHOLASTIC CP 5.25 9/19 Qualified Dividend ASSURANT INC 8.48 9/22 Qualified Dividend SCHWEITZER MAUDUIT INT INC 39.48 9/22 Qualified Dividend TAILORED BRANDS INC COM 22.14 9/22 Qualified Dividend INFINITY PPTY & CASUALTY 9.28 9/29 Dividend ARES CAPITAL CORP 90.44 9/29 Qualified Dividend HANOVER INSURANCE GROUP INC 30.00 9/29 Qualified Dividend LEUCADIA NAT CP 20.40 9/29 Qualified Dividend VALIDUS HOLDINGS LTD COM 19.76 9/29 Dividend CHATHAM LODGING TRUST COM 14.74 9/29 Qualified Dividend BROOKS-AUTOMATION INC 12.70 9/29 Qualified Dividend DICKS SPORTING GOODS INC 11.39 9/29 Qualified Dividend FIDELITY NATIONAL FINANCIAL IN 11.25 9/29 Qualified Dividend TERADYNE INC 9.87 9/29 Qualified Dividend ENERSYS 9.28 9/29 Qualified Dividend OWENS & MINOR INC NEW 9.27 9/29 Qualified Dividend HILLENBRAND INC 9.23 9/29 Qualified Dividend SERVICE CORP INTL 7.20 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 0.51 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $750.83 TOTAL QUALIFIED DIVIDENDS $627.68 TOTAL OTHER DIVIDENDS $122.64 TOTAL INTEREST $0.51 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $76.98 9/7 Automatic Investment BANK DEPOSIT PROGRAM 3.50 9/8 Automatic Investment BANK DEPOSIT PROGRAM 34.40 9/11 Automatic Redemption BANK DEPOSIT PROGRAM (4,250.39) 9/13 Automatic Investment BANK DEPOSIT PROGRAM 5,002.54 9/14 Automatic Redemption BANK DEPOSIT PROGRAM (7,681.13) 9/15 Automatic Investment BANK DEPOSIT PROGRAM 228.37 9/18 Automatic Investment BANK DEPOSIT PROGRAM 3,337.23 9/19 Automatic Redemption BANK DEPOSIT PROGRAM (1,954.52) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 101 of 130 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 9/20 Automatic Investment BANK DEPOSIT PROGRAM 4.62 9/22 Automatic Investment BANK DEPOSIT PROGRAM 672.01 9/27 Automatic Investment BANK DEPOSIT PROGRAM 6,235.17 9/28 Automatic Investment BANK DEPOSIT PROGRAM 2,309.13 9/29 Automatic Investment BANK DEPOSIT PROGRAM 0.51 9/29 Automatic Redemption BANK DEPOSIT PROGRAM (2,625.91) NET ACTIVITY FOR PERIOD $1,392.51 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ANDEAVOR 11/10/15 09/13/17 6.505 $674.54 $690.87 $(16.33) 02/22/16 09/13/17 3.021 313.26 188.49 124.77 BRISTOW GROUP INC 11/10/15 09/22/17 22.000 206.39 676.18 (469.79)H 11/10/15 09/22/17 4.000 37.52 121.40 (83.88) 12/01/15 09/22/17 92.000 863.07 2,848.94 (1,985.87) Basis Adjustment Due To Wash Sale: $366.75 CHEMED CORPORATION 11/10/15 09/19/17 2.000 376.24 306.12 70.12 CLUBCORP HLDGS INC 12/07/15 09/08/17 12.000 204.29 209.71 (5.42) 12/07/15 09/13/17 103.000 1,758.68 1,800.01 (41.33) 02/22/16 09/13/17 14.000 239.04 151.16 87.88 09/02/16 09/13/17 39.000 665.91 586.72 79.19 09/02/16 09/19/17 163.000 2,790.56 2,452.17 338.39 ICON PLC 11/10/15 09/19/17 7.000 791.07 488.84 302.23 INVESTORS BANCORP INC NEW 11/10/15 09/25/17 157.000 2,083.53 2,001.75 81.78 02/22/16 09/25/17 17.000 225.60 197.88 27.72 NU SKIN ENTERPRISE INC A 11/10/15 09/08/17 13.000 809.75 468.00 341.75 02/22/16 09/08/17 8.000 498.31 228.46 269.85 07/21/16 09/08/17 8.000 498.30 409.12 89.18 ON SEMICONDUCTOR CORP 11/10/15 09/13/17 94.000 1,586.21 1,058.37 527.84 PAREXEL INTL CORP 11/10/15 09/13/17 7.000 615.46 472.03 143.43 02/22/16 09/13/17 3.000 263.77 174.87 88.90 04/01/16 09/13/17 8.000 703.37 511.99 191.38 PULTE GROUP INC 02/22/16 09/08/17 72.000 1,849.57 1,235.52 614.05 SCRIPPS NETWORKS INTERAC CL A 06/24/16 09/13/17 18.000 1,534.28 1,085.41 448.87 SELECT MEDICAL HLDGS CP 11/10/15 09/08/17 42.000 757.00 510.45 246.55 SERVICE CORP INTL 11/10/15 09/13/17 21.000 743.65 555.88 187.77 TAILORED BRANDS INC COM 05/01/15 09/08/17 6.000 77.42 344.86 (267.44) 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 0 9 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 102 of 130 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments 05/05/15 09/08/17 18.000 232.26 1,051.55 (819.29) 05/05/15 09/08/17 18.000 232.26 1,039.55 (807.29) 05/08/15 09/08/17 19.000 245.17 1,110.96 (865.79) 05/08/15 09/08/17 14.000 180.65 819.98 (639.33) 05/15/15 09/08/17 14.000 180.65 807.31 (626.66) 06/25/15 09/08/17 38.000 490.34 2,489.62 (1,999.28) 08/19/15 09/08/17 4.000 51.62 229.62 (178.00) 08/19/15 09/19/17 4.000 56.07 229.62 (173.55) 08/20/15 09/19/17 9.000 126.16 513.64 (387.48) 11/10/15 09/19/17 73.000 1,023.31 1,591.58 (568.27) 02/22/16 09/19/17 20.000 280.36 287.80 (7.44) 04/29/16 09/19/17 17.000 238.30 296.26 (57.96) WALKER & DUNLOP INC 11/10/15 09/13/17 31.000 1,443.85 884.09 559.76 Long-Term This Period $25,947.79 $31,126.78 $(5,178.99) Long-Term Year to Date $87,448.89 $82,948.65 $4,500.24 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ANDEAVOR 03/13/17 09/13/17 2.474 256.54 204.33 52.21 03/13/17 09/22/17 4.000 416.33 330.37 85.96 03/15/17 09/22/17 32.000 3,330.64 2,703.95 626.69 05/17/17 09/22/17 13.000 1,353.08 1,057.01 296.07 BRISTOW GROUP INC 06/07/17 09/22/17 3.000 28.14 20.64 7.50 JELD WEN HLD INC 03/30/17 09/08/17 18.000 588.42 591.21 (2.79) Short-Term This Period $5,973.15 $4,907.51 $1,065.64 Short-Term Year to Date $20,452.39 $16,399.09 $4,053.30 Net Realized Gain/(Loss) This Period $31,920.94 $36,034.29 $(4,113.35) Net Realized Gain/(Loss) Year to Date $107,901.28 $99,347.74 $8,553.54 Disallowed Loss Based On Wash Sale Year to Date: $366.75 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110258-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 103 of 130 MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 0 This page intentionally left blank Page 104 of 130 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110265-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $546,424.02 $480,857.03 Credits —— Debits —(2,521.68) Security Transfers —— Net Credits/Debits/Transfers —$(2,521.68) Change in Value 15,464.53 83,553.20 TOTAL ENDING VALUE $561,888.55 $561,888.55 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 430 460 490 520 550 580 ($ ) T h o u s a n d s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 105 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $8,565.89 1.52 Equities 553,322.66 98.48 TOTAL VALUE $561,888.55 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 1 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 106 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $8,214.70 $8,565.89 Stocks 538,209.32 553,322.66 Total Assets $546,424.02 $561,888.55 Total Liabilities (outstanding balance)—— TOTAL VALUE $546,424.02 $561,888.55 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $8,214.70 $8,018.47 Purchases —(74,715.26) Sales and Redemptions —75,878.53 Income and Distributions 351.19 1,905.83 Total Investment Related Activity $351.19 $3,069.10 Other Debits —(2,521.68) Total Cash Related Activity —$(2,521.68) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $8,565.89 $8,565.89 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Qualified Dividends $350.84 $1,904.20 Interest 0.35 1.63 Total Taxable Income And Distributions $351.19 $1,905.83 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $351.19 $1,905.83 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain —$4,820.60 $10,320.69 Short-Term (Loss)—(50.44)(8,846.34) Total Short-Term —$4,770.16 $1,474.35 Long-Term Gain —10,286.54 118,361.17 Long-Term (Loss)—(9,278.65)(18,941.26) Total Long-Term —$1,007.89 $99,419.91 TOTAL GAIN/(LOSS)—$5,778.05 $100,894.26 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. ADDITIONAL ACCOUNT INFORMATION Category This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Foreign Tax Paid $8.62 $25.60 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income Investment Advisory Account Manager:Riverbridge Partners - SMID Growth CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 107 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$8,565.89 —$4.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.52%$8,565.89 $4.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2U INC COM (TWOU) 10/20/16 10/21/16 10/25/16 66.000 13.000 51.000 $35.977 35.922 36.056 $56.040 56.040 56.040 $2,374.49 466.98 1,838.87 $3,698.64 728.52 2,858.04 $1,324.15 261.54 1,019.17 ST ST ST 5/26/17 1.000 43.630 56.040 43.63 56.04 12.41 ST Total 131.000 4,723.97 7,341.24 2,617.27 ST —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 108 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ACUITY BRANDS INC (AYI) 11/10/15 2/16/16 2/10/17 40.000 2.000 17.000 210.959 185.555 211.070 171.280 171.280 171.280 8,438.37 371.11 3,588.19 6,851.20 342.56 2,911.76 (1,587.17) (28.55) (676.43) LT LT ST Total 59.000 12,397.67 10,105.52 (1,615.72) (676.43) LT ST 31.00 0.30 Next Dividend Payable 11/2017; Asset Class: Equities ALARM COM HLDGS INC COM (ALRM) 6/13/17 159.000 36.265 45.180 5,766.20 7,183.62 1,417.42 ST —— Asset Class: Equities ANSYS INC (ANSS) 11/10/15 2/16/16 4/18/16 65.000 8.000 9.000 92.230 84.901 89.780 122.730 122.730 122.730 5,994.95 679.21 808.02 7,977.45 981.84 1,104.57 1,982.50 302.63 296.55 LT LT LT 4/26/16 10.000 91.014 122.730 910.14 1,227.30 317.16 LT 4/27/16 10.000 90.984 122.730 909.84 1,227.30 317.46 LT 4/28/16 22.000 90.875 122.730 1,999.25 2,700.06 700.81 LT Total 124.000 11,301.41 15,218.52 3,917.11 LT —— Asset Class: Equities ATHENAHEALTH INC COM (ATHN) 1/12/15 6/10/15 2/16/16 34.000 53.000 10.000 139.590 117.975 127.546 124.360 124.360 124.360 4,746.06 6,252.65 1,275.46 4,228.24 6,591.08 1,243.60 (517.82) 338.43 (31.86) LT LT LT 6/24/16 17.000 131.236 124.360 2,231.01 2,114.12 (116.89)LT Total 114.000 14,505.18 14,177.04 (328.14)LT —— Asset Class: Equities BEACON ROOFING SUPPLY INC (BECN) 1/12/15 151.000 27.079 51.250 4,088.97 7,738.75 3,649.78 LT —— Asset Class: Equities BIO-TECHNE CORP (TECH) 10/17/14 1/12/15 2/16/16 2.000 85.000 6.000 90.889 92.188 87.222 120.890 120.890 120.890 181.78 7,835.98 523.33 241.78 10,275.65 725.34 60.00 2,439.67 202.01 LT LT LT Total 93.000 8,541.09 11,242.77 2,701.68 LT 119.00 1.05 Next Dividend Payable 12/2017; Asset Class: Equities CHANNELADVISOR CORP COM (ECOM) 10/17/14 1/12/15 2/16/16 70.000 155.000 26.000 14.385 21.118 11.467 11.500 11.500 11.500 1,006.92 3,273.31 298.14 805.00 1,782.50 299.00 (201.92) (1,490.81) 0.86 LT LT LT Total 251.000 4,578.37 2,886.50 (1,691.87)LT —— Asset Class: Equities CHEMED CORPORATION (CHE) 1/12/15 2/16/16 55.000 6.000 103.282 134.255 202.050 202.050 5,680.50 805.53 11,112.75 1,212.30 5,432.25 406.77 LT LT Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 109 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 61.000 6,486.03 12,325.05 5,839.02 LT 68.00 0.55 Next Dividend Payable 12/2017; Asset Class: Equities COGNEX CORP (CGNX) 11/10/15 2/16/16 78.000 15.000 35.920 34.453 110.280 110.280 2,801.72 516.79 8,601.84 1,654.20 5,800.12 1,137.41 LT LT Total 93.000 3,318.51 10,256.04 6,937.53 LT 32.00 0.31 Next Dividend Payable 12/2017; Asset Class: Equities COSTAR GROUP INC (CSGP) 10/17/14 1/12/15 2/16/16 9.000 70.000 6.000 143.180 178.150 161.607 268.250 268.250 268.250 1,288.62 12,470.47 969.64 2,414.25 18,777.50 1,609.50 1,125.63 6,307.03 639.86 LT LT LT Total 85.000 14,728.73 22,801.25 8,072.52 LT —— Asset Class: Equities DIPLOMAT PHARMACY,INC. (DPLO) 10/18/16 10/19/16 10/21/16 23.000 27.000 38.000 28.397 27.992 28.955 20.710 20.710 20.710 653.14 755.79 1,100.29 476.33 559.17 786.98 (176.81) (196.62) (313.31) ST ST ST 10/24/16 115.000 28.853 20.710 3,318.14 2,381.65 (936.49)ST 10/25/16 50.000 28.878 20.710 1,443.89 1,035.50 (408.39)ST Total 253.000 7,271.25 5,239.63 (2,031.62)ST —— Asset Class: Equities DORMAN PRODUCTS, INC (DORM) 7/24/15 7/27/15 7/28/15 18.000 45.000 44.000 48.006 46.556 47.145 71.620 71.620 71.620 864.10 2,095.02 2,074.39 1,289.16 3,222.90 3,151.28 425.06 1,127.88 1,076.89 LT LT LT 2/16/16 9.000 42.950 71.620 386.55 644.58 258.03 LT Total 116.000 5,420.06 8,307.92 2,887.86 LT —— Asset Class: Equities ELLIE MAE INC (ELLI) 12/1/16 85.000 79.999 82.130 6,799.94 6,981.05 181.11 ST —— Asset Class: Equities EVOLENT HEALTH INC CL A (EVH) 6/13/17 6/14/17 175.000 23.000 25.317 26.433 17.800 17.800 4,430.42 607.96 3,115.00 409.40 (1,315.42) (198.56) ST ST Total 198.000 5,038.38 3,524.40 (1,513.98)ST —— Asset Class: Equities EXLSERVICE HLDGS INC (EXLS) 12/12/16 155.000 49.917 58.320 7,737.15 9,039.60 1,302.45 ST —— Asset Class: Equities FASTENAL CO (FAST) 11/10/15 2/16/16 320.000 32.000 40.747 43.587 45.580 45.580 13,038.94 1,394.79 14,585.60 1,458.56 1,546.66 63.77 LT LT Total 352.000 14,433.73 16,044.16 1,610.43 LT 451.00 2.81 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 110 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 11/2017; Asset Class: Equities FINANCIAL ENGINES INC (FNGN) 2/6/15 2/9/15 2/18/15 20.000 19.000 45.000 39.889 39.750 39.001 34.750 34.750 34.750 797.77 755.25 1,755.05 695.00 660.25 1,563.75 (102.77) (95.00) (191.30) LT LT LT 2/19/15 77.000 39.132 34.750 3,013.19 2,675.75 (337.44)LT 2/16/16 13.000 26.236 34.750 341.07 451.75 110.68 LT Total 174.000 6,662.33 6,046.50 (615.83)LT 49.00 0.81 Next Dividend Payable 10/04/17; Asset Class: Equities FIVE BELOW (FIVE) 1/12/15 2/16/16 185.000 82.000 34.907 35.504 54.880 54.880 6,457.85 2,911.33 10,152.80 4,500.16 3,694.95 1,588.83 LT LT Total 267.000 9,369.18 14,652.96 5,283.78 LT —— Asset Class: Equities GENTEX CORP (GNTX) 1/12/15 2/16/16 8/17/17 286.000 74.000 307.000 17.590 14.177 17.335 19.800 19.800 19.800 5,030.74 1,049.08 5,321.88 5,662.80 1,465.20 6,078.60 632.06 416.12 756.72 LT LT ST Total 667.000 11,401.70 13,206.60 1,048.18 756.72 LT ST 267.00 2.02 Next Dividend Payable 10/2017; Asset Class: Equities GLOBANT S.A (GLOB) 7/13/17 7/14/17 72.000 115.000 41.071 42.812 40.070 40.070 2,957.09 4,923.37 2,885.04 4,608.05 (72.05) (315.32) ST ST Total 187.000 7,880.46 7,493.09 (387.37)ST —— Asset Class: Equities GRAND CANYON ED INC COM (LOPE) 1/12/15 7/24/15 7/27/15 86.000 37.000 19.000 44.015 43.786 42.947 90.820 90.820 90.820 3,785.28 1,620.09 816.00 7,810.52 3,360.34 1,725.58 4,025.24 1,740.25 909.58 LT LT LT 7/28/15 15.000 42.932 90.820 643.98 1,362.30 718.32 LT 8/3/15 15.000 43.031 90.820 645.47 1,362.30 716.83 LT 8/4/15 55.000 42.905 90.820 2,359.78 4,995.10 2,635.32 LT 2/16/16 24.000 34.275 90.820 822.60 2,179.68 1,357.08 LT Total 251.000 10,693.20 22,795.82 12,102.62 LT —— Asset Class: Equities HEALTHSTREAM INC (HSTM) 10/24/16 10/24/16 10/25/16 14.000 18.000 22.000 27.565 27.674 27.610 23.370 23.370 23.370 385.91 498.14 607.41 327.18 420.66 514.14 (58.73) (77.48) (93.27) ST ST ST 10/28/16 58.000 26.649 23.370 1,545.65 1,355.46 (190.19)ST 11/2/16 80.000 26.308 23.370 2,104.60 1,869.60 (235.00)ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 111 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 11/3/16 76.000 24.029 23.370 1,826.22 1,776.12 (50.10)ST Total 268.000 6,967.93 6,263.16 (704.77)ST —— Asset Class: Equities HEICO CORP NEW (HEI) 5/15/15 5/19/15 6/3/15 32.000 49.000 48.000 45.473 46.082 47.399 89.810 89.810 89.810 1,455.12 2,258.01 2,275.17 2,873.92 4,400.69 4,310.88 1,418.80 2,142.68 2,035.71 LT LT LT 2/16/16 13.000 44.965 89.810 584.55 1,167.53 582.98 LT 6/22/16 6.000 54.030 89.810 324.18 538.86 214.68 LT 6/24/16 11.000 52.311 89.810 575.42 987.91 412.49 LT 6/29/16 9.000 57.687 89.810 519.18 808.29 289.11 LT 7/12/16 39.000 47.668 89.810 1,859.04 3,502.59 1,643.55 LT 5/26/17 2.000 74.515 89.810 149.03 179.62 30.59 ST Total 209.000 9,999.70 18,770.29 8,740.00 30.59 LT ST 33.00 0.17 Next Dividend Payable 01/2018; Asset Class: Equities HENRY SCHEIN INC (HSIC) 12/11/15 12/14/15 2/16/16 32.000 46.000 6.000 76.535 76.635 80.838 81.990 81.990 81.990 2,449.12 3,525.20 485.03 2,623.68 3,771.54 491.94 174.56 246.34 6.91 LT LT LT Total 84.000 6,459.35 6,887.16 427.81 LT —— Asset Class: Equities HLTH CARE SVC GRP (HCSG) 1/12/15 6/18/15 6/19/15 141.000 24.000 117.000 30.447 33.005 33.170 53.970 53.970 53.970 4,293.04 792.12 3,880.88 7,609.77 1,295.28 6,314.49 3,316.73 503.16 2,433.61 LT LT LT 6/23/15 47.000 33.452 53.970 1,572.24 2,536.59 964.35 LT 2/16/16 30.000 34.847 53.970 1,045.41 1,619.10 573.69 LT Total 359.000 11,583.69 19,375.23 7,791.54 LT 271.00 1.39 Next Dividend Payable 12/2017; Asset Class: Equities IHS MARKIT LTD (INFO) 7/13/16 286.000 32.880 44.080 9,403.68 12,606.88 3,203.20 LT —— Asset Class: Equities INNERWORKINGS INC (INWK) 10/17/14 1/12/15 11/10/15 155.000 375.000 90.000 8.375 7.023 8.089 11.250 11.250 11.250 1,298.05 2,633.78 728.00 1,743.75 4,218.75 1,012.50 445.70 1,584.97 284.50 LT LT LT 2/16/16 56.000 6.581 11.250 368.54 630.00 261.46 LT Total 676.000 5,028.37 7,605.00 2,576.63 LT —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 4 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 112 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % INOVALON HLDGS INC COM CL A (INOV) 2/17/16 2/17/16 2/19/16 7.000 14.000 20.000 18.647 18.781 19.538 17.050 17.050 17.050 130.53 262.93 390.75 119.35 238.70 341.00 (11.18) (24.23) (49.75) LT LT LT 2/22/16 117.000 19.547 17.050 2,287.03 1,994.85 (292.18)LT 2/25/16 45.000 17.654 17.050 794.42 767.25 (27.17)LT 2/26/16 61.000 16.423 17.050 1,001.83 1,040.05 38.22 LT 3/2/16 18.000 17.375 17.050 312.75 306.90 (5.85)LT 3/4/16 41.000 17.944 17.050 735.70 699.05 (36.65)LT 3/7/16 22.000 17.976 17.050 395.47 375.10 (20.37)LT Total 345.000 6,311.41 5,882.25 (429.16)LT —— Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 11/10/15 2/16/16 55.000 3.000 114.785 106.800 142.910 142.910 6,313.18 320.40 7,860.05 428.73 1,546.87 108.33 LT LT Total 58.000 6,633.58 8,288.78 1,655.20 LT 160.00 1.93 Next Dividend Payable 10/06/17; Asset Class: Equities LKQ CORPORATION (LKQ) 11/10/15 2/16/16 299.000 46.000 30.035 25.600 35.990 35.990 8,980.38 1,177.60 10,761.01 1,655.54 1,780.63 477.94 LT LT Total 345.000 10,157.98 12,416.55 2,258.57 LT —— Asset Class: Equities MAXIMUS INC (MMS) 1/12/15 2/16/16 125.000 14.000 53.796 47.779 64.500 64.500 6,724.44 668.90 8,062.50 903.00 1,338.06 234.10 LT LT Total 139.000 7,393.34 8,965.50 1,572.16 LT 25.00 0.27 Next Dividend Payable 11/2017; Asset Class: Equities MEDNAX INC (MD) 10/17/14 1/12/15 2/16/16 5.000 135.000 15.000 52.792 65.537 64.892 43.120 43.120 43.120 263.96 8,847.54 973.38 215.60 5,821.20 646.80 (48.36) (3,026.34) (326.58) LT LT LT Total 155.000 10,084.88 6,683.60 (3,401.28)LT —— Asset Class: Equities MIDDLEBY CORP DEL (MIDD) 11/10/15 2/16/16 75.000 6.000 118.080 84.142 128.170 128.170 8,856.00 504.85 9,612.75 769.02 756.75 264.17 LT LT Total 81.000 9,360.85 10,381.77 1,020.92 LT —— Asset Class: Equities NATL INSTRUMS CP (NATI) 1/12/15 2/16/16 6/24/16 158.000 34.000 82.000 30.205 27.905 27.325 42.170 42.170 42.170 4,772.47 948.76 2,240.61 6,662.86 1,433.78 3,457.94 1,890.39 485.02 1,217.33 LT LT LT 6/27/16 13.000 26.030 42.170 338.39 548.21 209.82 LT Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 113 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 6/29/16 38.000 26.365 42.170 1,001.88 1,602.46 600.58 LT 7/13/16 27.000 28.782 42.170 777.11 1,138.59 361.48 LT Total 352.000 10,079.22 14,843.84 4,764.62 LT 296.00 1.99 Next Dividend Payable 12/2017; Asset Class: Equities NEOGEN CP (NEOG) 1/12/15 2/16/16 65.000 14.000 48.280 48.364 77.460 77.460 3,138.20 677.09 5,034.90 1,084.44 1,896.70 407.35 LT LT Total 79.000 3,815.29 6,119.34 2,304.05 LT —— Asset Class: Equities PRA GROUP INC (PRAA) 1/12/15 11/30/15 12/1/15 181.000 11.000 18.000 56.302 41.315 40.399 28.650 28.650 28.650 10,190.72 454.47 727.18 5,185.65 315.15 515.70 (5,005.07) (139.32) (211.48) LT LT LT 12/2/15 14.000 39.699 28.650 555.78 401.10 (154.68)LT 12/3/15 7.000 39.320 28.650 275.24 200.55 (74.69)LT 12/7/15 4.000 38.740 28.650 154.96 114.60 (40.36)LT 12/8/15 5.000 38.584 28.650 192.92 143.25 (49.67)LT 12/9/15 16.000 38.640 28.650 618.24 458.40 (159.84)LT 2/16/16 18.000 27.189 28.650 489.40 515.70 26.30 LT 12/12/16 62.000 38.067 28.650 2,360.17 1,776.30 (583.87)ST Total 336.000 16,019.08 9,626.40 (5,808.81) (583.87) LT ST —— Asset Class: Equities PROS HLDG INC (PRO) 8/4/15 8/5/15 8/5/15 16.000 13.000 9.000 21.317 21.585 21.606 24.130 24.130 24.130 341.07 280.61 194.45 386.08 313.69 217.17 45.01 33.08 22.72 LT LT LT 8/6/15 34.000 21.580 24.130 733.72 820.42 86.70 LT 8/6/15 23.000 21.630 24.130 497.49 554.99 57.50 LT 8/11/15 35.000 21.055 24.130 736.94 844.55 107.61 LT 8/13/15 17.000 20.457 24.130 347.77 410.21 62.44 LT 8/20/15 27.000 20.601 24.130 556.23 651.51 95.28 LT 8/24/15 21.000 20.572 24.130 432.01 506.73 74.72 LT 8/27/15 16.000 21.069 24.130 337.11 386.08 48.97 LT 2/16/16 21.000 10.597 24.130 222.54 506.73 284.19 LT 10/21/16 24.000 21.884 24.130 525.21 579.12 53.91 ST 10/24/16 45.000 22.306 24.130 1,003.75 1,085.85 82.10 ST 10/25/16 22.000 22.142 24.130 487.12 530.86 43.74 ST 10/26/16 29.000 22.200 24.130 643.80 699.77 55.97 ST 8/17/17 92.000 26.042 24.130 2,395.83 2,219.96 (175.87)ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 5 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 114 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 444.000 9,735.65 10,713.72 918.22 59.85 LT ST —— Asset Class: Equities PROTO LABS (PRLB) 1/12/15 7/27/15 7/28/15 105.000 34.000 9.000 62.130 75.326 72.988 80.300 80.300 80.300 6,523.65 2,561.07 656.89 8,431.50 2,730.20 722.70 1,907.85 169.13 65.81 LT LT LT 8/4/15 12.000 73.076 80.300 876.91 963.60 86.69 LT 2/16/16 14.000 60.511 80.300 847.15 1,124.20 277.05 LT Total 174.000 11,465.67 13,972.20 2,506.53 LT —— Asset Class: Equities RITCHIE BROTHERS AUCTIONEERS (RBA) 1/12/15 2/16/16 5/26/17 299.000 34.000 5.000 26.037 23.097 31.244 31.620 31.620 31.620 7,785.09 785.29 156.22 9,454.38 1,075.08 158.10 1,669.29 289.79 1.88 LT LT ST Total 338.000 8,726.60 10,687.56 1,959.08 1.88 LT ST 230.00 2.15 Next Dividend Payable 12/2017; Asset Class: Equities ROLLINS INC (ROL) 1/12/15 2/16/16 275.000 26.000 21.661 26.904 46.140 46.140 5,956.84 699.50 12,688.50 1,199.64 6,731.66 500.14 LT LT Total 301.000 6,656.34 13,888.14 7,231.80 LT 138.00 0.99 Next Dividend Payable 12/2017; Asset Class: Equities SNAP-ON INC (SNA) 2/1/17 39.000 180.120 149.010 7,024.68 5,811.39 (1,213.29)ST 111.00 1.91 Next Dividend Payable 12/2017; Asset Class: Equities TYLER TECHNOLOGIES INC (TYL) 7/13/17 7/14/17 18.000 29.000 173.797 175.574 174.320 174.320 3,128.35 5,091.64 3,137.76 5,055.28 9.41 (36.36) ST ST Total 47.000 8,219.99 8,193.04 (26.95)ST —— Asset Class: Equities ULTIMATE SOFTWARE GP INC (ULTI) 1/12/15 2/16/16 95.000 9.000 144.503 160.030 189.600 189.600 13,727.80 1,440.27 18,012.00 1,706.40 4,284.20 266.13 LT LT Total 104.000 15,168.07 19,718.40 4,550.33 LT —— Asset Class: Equities UNITED NATURAL FOODS INC (UNFI) 1/12/15 2/16/16 9/19/16 81.000 17.000 12.000 76.818 35.134 39.319 41.590 41.590 41.590 6,222.24 597.28 471.83 3,368.79 707.03 499.08 (2,853.45) 109.75 27.25 LT LT LT 9/20/16 16.000 38.844 41.590 621.50 665.44 43.94 LT 10/4/16 9.000 40.076 41.590 360.68 374.31 13.63 ST 10/7/16 11.000 40.341 41.590 443.75 457.49 13.74 ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 115 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 10/11/16 9.000 40.982 41.590 368.84 374.31 5.47 ST 10/12/16 48.000 42.658 41.590 2,047.58 1,996.32 (51.26)ST Total 203.000 11,133.70 8,442.77 (2,672.51) (18.42) LT ST —— Asset Class: Equities VEEVA SYS INC CL A (VEEV) 12/11/15 12/14/15 12/15/15 56.000 44.000 66.000 26.336 26.653 27.216 56.410 56.410 56.410 1,474.84 1,172.71 1,796.26 3,158.96 2,482.04 3,723.06 1,684.12 1,309.33 1,926.80 LT LT LT 12/16/15 59.000 28.085 56.410 1,657.01 3,328.19 1,671.18 LT 2/16/16 26.000 21.617 56.410 562.04 1,466.66 904.62 LT 5/26/17 1.000 66.870 56.410 66.87 56.41 (10.46)ST Total 252.000 6,729.73 14,215.32 7,496.05 (10.46) LT ST —— Asset Class: Equities VERINT SYSTEMS INC (VRNT) 1/12/15 7/23/15 7/24/15 30.000 11.000 20.000 55.792 59.972 59.421 41.850 41.850 41.850 1,673.77 659.69 1,188.42 1,255.50 460.35 837.00 (418.27) (199.34) (351.42) LT LT LT 7/27/15 14.000 58.101 41.850 813.42 585.90 (227.52)LT 7/30/15 6.000 57.997 41.850 347.98 251.10 (96.88)LT 7/31/15 17.000 57.850 41.850 983.45 711.45 (272.00)LT 8/5/15 7.000 58.576 41.850 410.03 292.95 (117.08)LT 2/16/16 11.000 30.966 41.850 340.63 460.35 119.72 LT 6/24/16 90.000 33.800 41.850 3,042.00 3,766.50 724.50 LT 5/26/17 5.000 41.486 41.850 207.43 209.25 1.82 ST Total 211.000 9,666.82 8,830.35 (838.29) 1.82 LT ST —— Asset Class: Equities VERISK ANALYTICS INC COM (VRSK) 11/10/15 2/16/16 4/27/17 130.000 13.000 49.000 70.890 68.167 83.174 83.190 83.190 83.190 9,215.70 886.17 4,075.54 10,814.70 1,081.47 4,076.31 1,599.00 195.30 0.77 LT LT ST Total 192.000 14,177.41 15,972.48 1,794.30 0.77 LT ST —— Asset Class: Equities WABCO HLDGS INC (WBC) 10/18/16 10/19/16 10/20/16 34.000 9.000 22.000 107.013 105.956 100.922 148.000 148.000 148.000 3,638.43 953.60 2,220.28 5,032.00 1,332.00 3,256.00 1,393.57 378.40 1,035.72 ST ST ST Total 65.000 6,812.31 9,620.00 2,807.69 ST —— 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 6 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 116 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities WAGEWORKS INC COM (WAGE) 4/27/17 103.000 74.853 60.700 7,709.83 6,252.10 (1,457.73)ST —— Asset Class: Equities WATSCO INC (WSO) 7/13/17 7/14/17 26.000 27.000 150.662 150.813 161.070 161.070 3,917.22 4,071.96 4,187.82 4,348.89 270.60 276.93 ST ST Total 53.000 7,989.18 8,536.71 547.53 ST 265.00 3.10 Next Dividend Payable 10/2017; Asset Class: Equities WEST PHARMACEUTICAL SVCS INC (WST) 4/27/17 5/26/17 90.000 5.000 92.066 96.926 96.260 96.260 8,285.93 484.63 8,663.40 481.30 377.47 (3.33) ST ST Total 95.000 8,770.56 9,144.70 374.14 ST 53.00 0.57 Next Dividend Payable 11/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 98.48%$452,428.40 $553,322.66 $99,419.91 $1,474.35 LT ST $2,599.00 0.47% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$452,428.40 $561,888.55 $99,419.91 $1,474.35 LT ST $2,603.00 — 0.46% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $8,565.89 —————— Stocks —$553,322.66 ————— TOTAL ALLOCATION OF ASSETS $8,565.89 $553,322.66 ————— Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 117 of 130 ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/1 Qualified Dividend BIO-TECHNE CORP $29.76 9/1 Qualified Dividend CHEMED CORPORATION 17.08 9/1 Qualified Dividend COGNEX CORP 7.91 9/5 Qualified Dividend NATL INSTRUMS CP 117.18 9/8 Qualified Dividend SNAP-ON INC 27.69 9/11 Qualified Dividend ROLLINS INC 34.62 9/15 Qualified Dividend RITCHIE BROTHERS AUCTIONEERS 48.84 9/15 Dividend RITCHIE BROTHERS AUCTIONEERS ADJ GROSS DIV AMOUNT 8.62 FOREIGN TAX PAID IS 8.62 0.00 9/22 Qualified Dividend HLTH CARE SVC GRP 67.76 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 0.35 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $351.19 TOTAL QUALIFIED DIVIDENDS $350.84 TOTAL INTEREST $0.35 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $54.75 9/5 Automatic Investment BANK DEPOSIT PROGRAM 117.18 9/8 Automatic Investment BANK DEPOSIT PROGRAM 27.69 9/11 Automatic Investment BANK DEPOSIT PROGRAM 34.62 9/15 Automatic Investment BANK DEPOSIT PROGRAM 48.84 9/22 Automatic Investment BANK DEPOSIT PROGRAM 67.76 9/29 Automatic Investment BANK DEPOSIT PROGRAM 0.35 NET ACTIVITY FOR PERIOD $351.19 TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 9/19 Stock Dividend HENRY SCHEIN INC 42.000 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 7 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110265-095 CITY OF ATLANTIC BEACH POLICE C/O RUSSELL CAFFEY Page 118 of 130 MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110290-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $505,160.59 $463,790.60 Credits —— Debits —(93,989.78) Security Transfers —— Net Credits/Debits/Transfers —$(93,989.78) Change in Value (5,430.25)129,929.52 TOTAL ENDING VALUE $499,730.34 $499,730.34 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 410 440 470 500 530 560 ($ ) T h o u s a n d s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 119 of 130 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $16,200.71 3.24 Equities 483,529.63 96.76 TOTAL VALUE $499,730.34 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 8 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 120 of 130 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $5,701.08 $9,054.81 Stocks 499,459.51 483,529.63 Net Unsettled Purchases/Sales —7,145.90 Total Assets $505,160.59 $499,730.34 Total Liabilities (outstanding balance)—— TOTAL VALUE $505,160.59 $499,730.34 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $5,701.08 $2,650.53 Purchases —(105,883.35) Sales and Redemptions 10,271.17 207,902.94 2016 Net Unsettled Purch/Sales N/A 3,249.42 Net Unsettled Purch/Sales (7,145.90)(7,145.90) Income and Distributions 228.46 2,270.95 Total Investment Related Activity $3,353.73 $100,394.06 Electronic Transfers-Debits —(92,000.00) Other Debits —(1,989.78) Total Cash Related Activity —$(93,989.78) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $9,054.81 $9,054.81 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Qualified Dividends $228.22 $2,269.92 Interest 0.24 1.03 Total Taxable Income And Distributions $228.46 $2,270.95 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $228.46 $2,270.95 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain —$6,647.83 $18,959.00 Short-Term (Loss)(1,087.03)(3,268.52)(6,057.00) Total Short-Term $(1,087.03)$3,379.31 $12,902.00 Long-Term Gain 809.00 32,623.67 101,700.77 Long-Term (Loss)(3,509.70)(8,059.04)(15,397.91) Total Long-Term $(2,700.70)$24,564.63 $86,302.86 TOTAL GAIN/(LOSS)$(3,787.73)$27,943.94 $99,204.86 Disallowed Loss —$1,578.95 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 Investment Objectives (in order of priority) †: Capital Appreciation,Income Investment Advisory Account Manager:Columbia Mgmt - Select LC Grwth CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 121 of 130 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % CASH $3,125.27 MORGAN STANLEY PRIVATE BANK NA #5,929.54 —3.00 0.050 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $9,054.81 $3.00 NET UNSETTLED PURCHASES/SALES $7,145.90 CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)3.24%$16,200.71 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 1 9 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 122 of 130 STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ACTIVISION BLIZZARD INC (ATVI) 6/20/16 9/6/16 231.000 46.000 $38.833 43.500 $64.510 64.510 $8,970.49 2,001.02 $14,901.81 2,967.46 $5,931.32 966.44 LT LT Total 277.000 10,971.51 17,869.27 6,897.76 LT 83.00 0.46 Next Dividend Payable 05/2018; Asset Class: Equities ACUITY BRANDS INC (AYI) 8/10/15 8/10/15 2/17/16 21.000 7.000 10.000 209.686 228.453 191.398 171.280 171.280 171.280 4,403.40 1,599.17 1,913.98 3,596.88 1,198.96 1,712.80 (806.52) (400.21) (201.18) LT LT LT H 1/30/17 11.000 200.785 171.280 2,208.63 1,884.08 (324.55)ST 3/21/17 6.000 206.038 171.280 1,236.23 1,027.68 (208.55)ST Total 55.000 11,361.41 9,420.40 (1,407.91) (533.10) LT ST 29.00 0.30 Next Dividend Payable 11/2017; Basis Adjustment Due to Wash Sale: $262.25; Asset Class: Equities ADOBE SYSTEMS (ADBE) 9/8/15 100.000 78.832 149.180 7,883.17 14,918.00 7,034.83 LT —— Asset Class: Equities ALEXION PHARM INC (ALXN) 5/6/15 5/18/15 6/12/15 4.000 20.000 52.000 152.351 132.565 172.310 140.290 140.290 140.290 609.41 2,651.30 8,960.11 561.16 2,805.80 7,295.08 (48.25) 154.50 (1,665.03) LT LT LT H 9/24/15 25.000 155.894 140.290 3,897.35 3,507.25 (390.10)LT 9/30/15 3.000 153.343 140.290 460.03 420.87 (39.16)LT 2/17/16 13.000 145.471 140.290 1,891.12 1,823.77 (67.35)LT 4/3/17 1.000 119.580 140.290 119.58 140.29 20.71 ST 5/24/17 7.000 100.569 140.290 703.98 982.03 278.05 ST Total 125.000 19,292.88 17,536.25 (2,055.39) 298.76 LT ST —— Basis Adjustment Due to Wash Sale: $639.93; Asset Class: Equities ALIBABA GROUP HLDG LTD (BABA) 2/19/16 117.000 67.274 172.710 7,871.12 20,207.07 12,335.95 LT —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 2/17/16 4/4/16 6.000 6.000 9.000 497.298 528.230 592.553 961.350 961.350 961.350 2,983.79 3,169.38 5,332.98 5,768.10 5,768.10 8,652.15 2,784.31 2,598.72 3,319.17 LT LT LT Total 21.000 11,486.15 20,188.35 8,702.20 LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 123 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BRISTOL MYERS SQUIBB CO (BMY) 3/4/15 3/12/15 9/30/15 124.000 47.000 55.000 65.449 66.500 59.285 63.740 63.740 63.740 8,115.66 3,125.52 3,260.70 7,903.76 2,995.78 3,505.70 (211.90) (129.74) 245.00 LT LT LT 8/9/16 43.000 61.938 63.740 2,663.34 2,740.82 77.48 LT 9/7/16 36.000 56.806 63.740 2,045.03 2,294.64 249.61 LT 4/3/17 3.000 54.173 63.740 162.52 191.22 28.70 ST Total 308.000 19,372.77 19,631.92 230.45 28.70 LT ST 480.00 2.44 Next Dividend Payable 11/2017; Asset Class: Equities CELGENE CORP (CELG) 7/1/15 8/24/15 9/30/15 4.000 79.000 1.000 117.677 116.533 107.650 145.820 145.820 145.820 470.71 9,206.11 107.65 583.28 11,519.78 145.82 112.57 2,313.67 38.17 LT LT LT 2/17/16 30.000 105.400 145.820 3,162.00 4,374.60 1,212.60 LT 11/11/16 16.000 119.493 145.820 1,911.88 2,333.12 421.24 ST 4/3/17 3.000 124.573 145.820 373.72 437.46 63.74 ST Total 133.000 15,232.07 19,394.06 3,677.01 484.98 LT ST —— Asset Class: Equities CHARLES SCHWAB NEW (SCHW) 7/11/16 7/13/16 3/30/17 180.000 93.000 58.000 25.901 26.306 40.917 43.740 43.740 43.740 4,662.20 2,446.43 2,373.16 7,873.20 4,067.82 2,536.92 3,211.00 1,621.39 163.76 LT LT ST Total 331.000 9,481.79 14,477.94 4,832.39 163.76 LT ST 106.00 0.73 Next Dividend Payable 11/2017; Asset Class: Equities COGNEX CORP (CGNX) 4/6/17 5/3/17 47.000 31.000 84.746 88.249 110.280 110.280 3,983.06 2,735.72 5,183.16 3,418.68 1,200.10 682.96 ST ST Total 78.000 6,718.78 8,601.84 1,883.06 ST 27.00 0.31 Next Dividend Payable 12/2017; Asset Class: Equities COSTCO WHOLESALE CORP NEW (COST) 11/11/16 3/6/17 3/17/17 46.000 10.000 8.000 148.564 166.708 167.945 164.290 164.290 164.290 6,833.96 1,667.08 1,343.56 7,557.34 1,642.90 1,314.32 723.38 (24.18) (29.24) ST ST ST Total 64.000 9,844.60 10,514.56 669.96 ST 128.00 1.21 Next Dividend Payable 12/2017; Asset Class: Equities DOMINOS PIZZA INC (DPZ) 2/23/17 3/21/17 4/3/17 42.000 8.000 1.000 184.263 184.936 186.150 198.550 198.550 198.550 7,739.05 1,479.49 186.15 8,339.10 1,588.40 198.55 600.05 108.91 12.40 ST ST ST 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 2 0 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 124 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 51.000 9,404.69 10,126.05 721.36 ST 94.00 0.92 Next Dividend Payable 12/2017; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 4/6/16 10/26/16 11/11/16 67.000 19.000 9.000 106.918 95.692 91.676 109.310 109.310 109.310 7,163.51 1,818.14 825.08 7,323.77 2,076.89 983.79 160.26 258.75 158.71 LT ST ST 3/2/17 30.000 93.403 109.310 2,802.09 3,279.30 477.21 ST Total 125.000 12,608.82 13,663.75 160.26 894.67 LT ST —— Asset Class: Equities FACEBOOK INC CL-A (FB) 8/31/15 127.000 90.658 170.870 11,513.54 21,700.49 10,186.95 LT —— Asset Class: Equities ILLUMINA INC (ILMN) 9/4/15 1/4/16 2/17/16 27.000 22.000 23.000 193.160 182.650 153.700 199.200 199.200 199.200 5,215.32 4,018.31 3,535.10 5,378.40 4,382.40 4,581.60 163.08 364.09 1,046.50 LT LT LT 11/11/16 8.000 139.419 199.200 1,115.35 1,593.60 478.25 ST Total 80.000 13,884.08 15,936.00 1,573.67 478.25 LT ST —— Asset Class: Equities INTERCEPT PHARMACEUTICALS INC (ICPT) 2/17/16 6/3/16 7/7/16 12.000 28.000 31.000 121.380 171.365 142.335 58.040 58.040 58.040 1,456.56 4,798.23 4,412.39 696.48 1,625.12 1,799.24 (760.08) (3,173.11) (2,613.15) LT LT LT 11/11/16 15.000 110.273 58.040 1,654.09 870.60 (783.49)ST 3/24/17 9.000 116.969 58.040 1,052.72 522.36 (530.36)ST Total 95.000 13,373.99 5,513.80 (6,546.34) (1,313.85) LT ST —— Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 2/17/16 5/3/16 65.000 55.000 50.000 47.147 48.439 48.132 68.700 68.700 68.700 3,064.53 2,664.12 2,406.60 4,465.50 3,778.50 3,435.00 1,400.97 1,114.38 1,028.40 LT LT LT 3/20/17 44.000 61.314 68.700 2,697.80 3,022.80 325.00 ST Total 214.000 10,833.05 14,701.80 3,543.75 325.00 LT ST 171.00 1.16 Next Dividend Payable 12/2017; Asset Class: Equities MERCADOLIBRE INC (MELI) 9/3/15 2/17/16 7.000 29.000 112.215 97.848 258.930 258.930 785.51 2,837.60 1,812.51 7,508.97 1,027.00 4,671.37 LT LT Total 36.000 3,623.11 9,321.48 5,698.37 LT 22.00 0.23 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 125 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 10/16/17; Asset Class: Equities MONSTER BEVERAGE CORP NEW COM (MNST) 6/16/15 2/17/16 3/10/16 72.000 75.000 129.000 44.209 41.897 43.928 55.250 55.250 55.250 3,183.03 3,142.26 5,666.67 3,978.00 4,143.75 7,127.25 794.97 1,001.49 1,460.58 LT LT LT Total 276.000 11,991.96 15,249.00 3,257.04 LT —— Asset Class: Equities NEW ORIENTAL ED & TECH GRP ADR (EDU) 6/5/17 6/6/17 6/7/17 75.000 13.000 37.000 74.408 75.965 78.362 88.260 88.260 88.260 5,580.62 987.55 2,899.40 6,619.50 1,147.38 3,265.62 1,038.88 159.83 366.22 ST ST ST Total 125.000 9,467.57 11,032.50 1,564.93 ST —— Next Dividend Payable 10/06/17; Asset Class: Equities NIKE INC B (NKE) 2/17/16 4/4/16 5/23/16 54.000 92.000 121.000 57.310 59.859 56.358 51.850 51.850 51.850 3,094.74 5,507.07 6,819.26 2,799.90 4,770.20 6,273.85 (294.84) (736.87) (545.41) LT LT LT 9/28/16 35.000 53.542 51.850 1,873.96 1,814.75 (59.21)LT 4/3/17 1.000 55.440 51.850 55.44 51.85 (3.59)ST Total 303.000 17,350.47 15,710.55 (1,636.33) (3.59) LT ST 218.00 1.38 Next Dividend Payable 10/02/17; Asset Class: Equities NVIDIA CORPORATION (NVDA) 12/28/16 1/26/17 2/24/17 3.000 38.000 27.000 110.225 108.762 98.826 178.770 178.770 178.770 330.68 4,132.96 2,668.31 536.31 6,793.26 4,826.79 205.63 2,660.30 2,158.48 ST ST ST 3/17/17 24.000 104.826 178.770 2,515.82 4,290.48 1,774.66 ST 4/12/17 16.000 98.366 178.770 1,573.86 2,860.32 1,286.46 ST Total 108.000 11,221.63 19,307.16 8,085.53 ST 60.00 0.31 Next Dividend Payable 12/2017; Asset Class: Equities PIONEER NATURAL RESOURCES CO (PXD) 4/10/17 4/16/17 5/18/17 47.000 8.000 5.000 192.255 193.483 173.205 147.540 147.540 147.540 9,035.99 1,547.86 866.02 6,934.38 1,180.32 737.70 (2,101.61) (367.54) (128.32) ST ST ST H Total 60.000 11,449.87 8,852.40 (2,597.47)ST 5.00 0.05 Next Dividend Payable 10/12/17; Basis Adjustment Due to Wash Sale: $162.22; Asset Class: Equities PRICELINE GRP INC COM NEW (PCLN) 12/19/14 2/17/16 10.000 1.000 1,107.075 1,230.860 1,830.820 1,830.820 11,070.75 1,230.86 18,308.20 1,830.82 7,237.45 599.96 LT LT Total 11.000 12,301.61 20,139.02 7,837.41 LT —— Asset Class: Equities 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 2 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 126 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SALESFORCE.COM,INC. (CRM) 2/17/16 9/21/16 10/6/16 87.000 48.000 32.000 63.147 73.208 71.171 93.420 93.420 93.420 5,493.82 3,513.96 2,277.46 8,127.54 4,484.16 2,989.44 2,633.72 970.20 711.98 LT LT ST Total 167.000 11,285.24 15,601.14 3,603.92 711.98 LT ST —— Asset Class: Equities SERVICENOW INC (NOW) 2/19/16 6/8/16 34.000 96.000 54.741 77.332 117.530 117.530 1,861.20 7,423.83 3,996.02 11,282.88 2,134.82 3,859.05 LT LT Total 130.000 9,285.03 15,278.90 5,993.87 LT —— Asset Class: Equities SHIRE PLC ADR (SHPG) 9/6/16 9/6/16 9/21/16 30.000 10.000 15.000 194.309 192.746 204.637 153.140 153.140 153.140 5,829.27 1,927.46 3,069.55 4,594.20 1,531.40 2,297.10 (1,235.07) (396.06) (772.45) LT LT LT H 4/3/17 1.000 173.820 153.140 173.82 153.14 (20.68)ST 5/5/17 4.000 181.021 153.140 724.09 612.56 (111.53)ST Total 60.000 11,724.19 9,188.40 (2,403.58) (132.21) LT ST 55.00 0.59 Next Dividend Payable 10/20/17; Basis Adjustment Due to Wash Sale: $117.25; Asset Class: Equities SPLUNK INC (SPLK) 8/28/15 12/31/15 2/17/16 38.000 102.000 73.000 62.398 59.379 34.070 66.430 66.430 66.430 2,371.12 6,056.62 2,487.11 2,524.34 6,775.86 4,849.39 153.22 719.24 2,362.28 LT LT LT Total 213.000 10,914.85 14,149.59 3,234.74 LT —— Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 7/6/16 7/28/16 103.000 80.000 2.000 56.696 59.209 57.240 53.710 53.710 53.710 5,839.67 4,736.75 114.48 5,532.13 4,296.80 107.42 (307.54) (439.95) (7.06) LT LT LT H H 9/6/16 42.000 56.035 53.710 2,353.49 2,255.82 (97.67)LT 10/11/16 52.000 52.862 53.710 2,748.80 2,792.92 44.12 ST Total 279.000 15,793.19 14,985.09 (852.22) 44.12 LT ST 279.00 1.86 Next Dividend Payable 11/2017; Basis Adjustment Due to Wash Sale: $98.98; Asset Class: Equities TRACTOR SUPPLY CO (TSCO) 6/9/17 168.000 57.000 63.290 9,575.93 10,632.72 1,056.79 ST 181.00 1.70 Next Dividend Payable 12/2017; Asset Class: Equities ULTA BEAUTY INC (ULTA) 11/23/16 1/31/17 4/4/17 10.000 13.000 9.000 262.419 268.025 283.196 226.060 226.060 226.060 2,624.19 3,484.33 2,548.76 2,260.60 2,938.78 2,034.54 (363.59) (545.55) (514.22) ST ST ST Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 127 of 130 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 32.000 8,657.28 7,233.92 (1,423.36)ST —— Asset Class: Equities UNITEDHEALTH GP INC (UNH) 3/20/17 3/22/17 22.000 31.000 169.058 167.210 195.850 195.850 3,719.27 5,183.51 4,308.70 6,071.35 589.43 887.84 ST ST Total 53.000 8,902.78 10,380.05 1,477.27 ST 159.00 1.53 Next Dividend Payable 12/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 9/24/15 9/29/15 2/17/16 15.000 3.000 34.000 109.640 100.483 86.611 152.040 152.040 152.040 1,644.60 301.45 2,944.78 2,280.60 456.12 5,169.36 636.00 154.67 2,224.58 LT LT LT 2/19/16 18.000 87.377 152.040 1,572.79 2,736.72 1,163.93 LT 5/4/16 44.000 81.020 152.040 3,564.89 6,689.76 3,124.87 LT Total 114.000 10,028.51 17,332.56 7,304.05 LT —— Asset Class: Equities VISA INC CL A (V) 6/26/15 4/3/17 139.000 1.000 68.549 88.780 105.240 105.240 9,528.35 88.78 14,628.36 105.24 5,100.01 16.46 LT ST Total 140.000 9,617.13 14,733.60 5,100.01 16.46 LT ST 92.00 0.62 Next Dividend Payable 12/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.76%$384,324.77 $483,529.63 $86,302.86 $12,902.00 LT ST $2,189.00 0.45% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE 100.00%$384,324.77 $499,730.34 $86,302.86 $12,902.00 LT ST $2,192.00 — 0.44% Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. H - Wash sale rules apply to this tax lot. The cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. The aggregate amount of the basis adjustment is identified in italics under the Security Description. 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 2 2 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 128 of 130 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $16,200.71 —————— Stocks —$483,529.63 ————— TOTAL ALLOCATION OF ASSETS $16,200.71 $483,529.63 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/27 9/29 Sold VERTEX PHARMACEUTICALS ACTED AS AGENT 21.000 $148.8260 $3,125.27 9/29 10/3 Sold DEXCOM INC ACTED AS AGENT 152.000 47.0136 7,145.90 TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $10,271.17 TOTAL SALES AND REDEMPTIONS $10,271.17 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. UNSETTLED PURCHASES/SALES ACTIVITY Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 9/29 10/3 Sold DEXCOM INC UNSETTLED SALE 152.000 $47.0136 $7,145.90 NET UNSETTLED PURCHASES/SALES $7,145.90 This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services. TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/1 Qualified Dividend COSTCO WHOLESALE CORP NEW $32.00 9/1 Qualified Dividend COGNEX CORP 6.63 9/5 Qualified Dividend VISA INC CL A 23.10 9/6 Qualified Dividend TRACTOR SUPPLY CO 45.36 9/18 Qualified Dividend NVIDIA CORPORATION 15.12 9/19 Qualified Dividend UNITEDHEALTH GP INC 39.75 9/29 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 42.80 9/29 Qualified Dividend DOMINOS PIZZA INC 23.46 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 0.24 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $228.46 TOTAL QUALIFIED DIVIDENDS $228.22 TOTAL INTEREST $0.24 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 129 of 130 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $38.63 9/5 Automatic Investment BANK DEPOSIT PROGRAM 23.10 9/6 Automatic Investment BANK DEPOSIT PROGRAM 45.36 9/18 Automatic Investment BANK DEPOSIT PROGRAM 15.12 9/19 Automatic Investment BANK DEPOSIT PROGRAM 39.75 9/29 Automatic Investment BANK DEPOSIT PROGRAM 66.26 9/29 Automatic Investment BANK DEPOSIT PROGRAM 0.24 NET ACTIVITY FOR PERIOD $228.46 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments DEXCOM INC 09/17/15 09/29/17 1.000 $47.01 $109.12 $(62.11)H 10/16/15 09/29/17 52.000 2,444.65 4,342.47 (1,897.82) 10/16/15 09/29/17 28.000 1,316.35 2,531.34 (1,214.99)H 02/17/16 09/29/17 23.000 1,081.29 1,416.07 (334.78) Basis Adjustment Due To Wash Sale: $397.30 VERTEX PHARMACEUTICALS 08/26/15 09/27/17 1.000 148.82 123.46 25.36 09/24/15 09/27/17 20.000 2,976.45 2,192.81 783.64 Long-Term This Period $8,014.57 $10,715.27 $(2,700.70) Long-Term Year to Date $146,192.02 $121,627.39 $24,564.63 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments DEXCOM INC 11/11/16 09/29/17 32.000 1,504.40 2,106.02 (601.62) 05/05/17 09/29/17 16.000 752.20 1,237.61 (485.41) Short-Term This Period $2,256.60 $3,343.63 $(1,087.03) Short-Term Year to Date $61,710.92 $58,331.61 $3,379.31 Net Realized Gain/(Loss) This Period $10,271.17 $14,058.90 $(3,787.73) Net Realized Gain/(Loss) Year to Date $207,902.94 $179,959.00 $27,943.94 00 0 2 1 9 M S A D S 2 4 1 0 1 4 5 2 3 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Select UMA Active Assets Account 660-110290-095 CITY OF ATLANTIC BEACH POLICE OFFICERS RETIREMENT SYSTEM Page 130 of 130 Disallowed Loss Based On Wash Sale Year to Date: $1,578.95 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at June 30, 2017 can be viewed online at: http://www.morganstanley.com/about-us-ir/shareholder/morganstanley_smithbarney_llc.pdf or may be mailed to you at no cost by calling 1 (866) 825-1675, after September 15, 2017. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs.