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06 - March 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 3/31/17)$17,144,766.54 Includes Accrued Interest CLIENT STATEMENT For the Period March 1-31, 2017 660 - 110179 - 095 -1 - 0 STATEMENT PACKAGE FOR: CITY OF ATLANTIC BEACH GENERAL EMPLOYEES 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 000174 MSADS251 111000 #BWNJGWM CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM C/O RUSSELL CAFFEY 800 SEMINOLE ROAD ATLANTIC BCH FL 32233-5444 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 7 7 Consolidated Summary CLIENT STATEMENT For the Period March 1-31, 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 128 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 (3/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (3/31/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page TOTAL FOR ALL ACCOUNTS $17,050,459 $349 —$93,958 $17,144,766 $35,652 $68,890 $(29,444) $44,159 $253,448 $968,628 Business Accounts CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-110179-095 923,051 ——7 923,059 7 22 — — — — 7 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Sage Advisory - Intermediate Taxab 660-035174-095 Invest Advisory 4,349,687 116 —1,083 4,350,886 10,734 28,986 (38,999) 2,323 >(19,339) 5,191 > 13 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-035178-095 Invest Advisory 4,418,531 ——52,174 4,470,705 11,227 11,228 — — 85,672 264,470 29 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Pioneer Invest Fundamental Growth Nickname: Pioneer 660-035191-095 Invest Advisory 973,130 ——15,860 988,991 1,771 3,726 1,293 262 55,353 23,142 35 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM JP Morgan - Equity Income SMA 660-110029-095 Invest Advisory 2,425,047 176 —(17,040)2,408,183 8,610 16,466 994 1,730 45,680 249,488 47 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Boston Partners - Smid Cap Value 660-110134-095 Invest Advisory 1,570,057 20 —(13,538)1,556,538 2,089 5,715 5,458 16,084 > 42,924 179,968 > 71 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Riverbridge Partners - SMID Growth 660-110145-095 Invest Advisory 1,443,261 (7)—30,741 1,473,995 1,010 1,875 — 4,513 20,820 163,932 101 Consolidated Summary CLIENT STATEMENT For the Period March 1-31, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 3 of 128 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 (3/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (3/31/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Columbia Mgmt - Select LC Grwth 660-110222-095 Invest Advisory 947,692 43 —24,668 972,405 200 868 1,808 19,245 22,336 82,433 > > 117 Total Business Accounts $17,050,459 $349 —$93,958 $17,144,766 $35,652 $68,890 $(29,444) $44,159 $253,448 $968,628 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 7 8 Consolidated Summary CLIENT STATEMENT For the Period March 1-31, 2017 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. Page 4 of 128 MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 10 20 30 40 50 ($ ) M i l l i o n s 2016 2017 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $17,050,459.09 $16,453,513.18 Normal Contributions —— Debits 349.20 (17,508.34) Security Transfers —— Net Credits/Debits/Transfers $349.20 $(17,508.34) Change in Value 93,958.25 708,761.70 TOTAL ENDING VALUE $17,144,766.54 $17,144,766.54 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 $1,383,369.43 8.07 Equities 10,542,276.44 61.49 Fixed Income & Preferreds 4,155,293.28 24.24 Alternatives 1,063,827.39 6.20 TOTAL VALUE $17,144,766.54 100.00 % 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 March 1-31, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 5 of 128 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $1,301,132.07 $1,271,031.47 Purchases (968,366.35)(2,462,012.93) Sales and Redemptions 1,009,703.34 2,516,523.76 Prior Net Unsettled Purch/Sales 3,053.14 N/A 2016 Net Unsettled Purch/Sales N/A 4,599.04 Net Unsettled Purch/Sales (9,102.61)(9,102.61) Return of Principal 1,845.93 1,845.93 Income and Distributions 35,652.10 68,890.50 Total Investment Related Activity $72,785.55 $120,743.69 Other Debits 349.20 (17,508.34) Total Cash Related Activity $349.20 $(17,508.34) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $1,374,266.82 $1,374,266.82 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $1,301,132.07 $1,374,266.82 Stocks 7,194,949.85 7,202,213.93 ETFs & CEFs 2,693,055.32 2,709,783.65 Corporate Fixed Income ^2,101,974.16 2,256,548.28 Government Securities^2,077,141.85 1,889,672.64 Mutual Funds 1,679,152.70 1,703,178.61 Net Unsettled Purchases/Sales 3,053.14 9,102.61 Total Assets $17,050,459.09 $17,144,766.54 Total Liabilities (outstanding balance)—— TOTAL VALUE $17,050,459.09 $17,144,766.54 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 7 9 Standard Disclosures CLIENT STATEMENT For the Period March 1-31, 2017 Page 6 of 128 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 your Financial Advisor or the Branch Manager of the office where you maintain your account, 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. Your Financial Advisor will be pleased to provide you with further information or assistance in interpreting these credit ratings. Revised 01/2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Active Assets Account 660-110179-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $923,051.29 $923,036.35 Normal Contributions —— Debits —— Security Transfers —— Net Credits/Debits/Transfers —— Change in Value 7.84 22.78 TOTAL ENDING VALUE $923,059.13 $923,059.13 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 1 2 3 4 5 ($ ) 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 7 of 128 ASSET ALLOCATION (includes accrued interest) Cash Market Value Percentage Cash $923,059.13 100.00 TOTAL VALUE $923,059.13 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 0 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 8 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $923,051.29 $923,059.13 Total Assets $923,051.29 $923,059.13 Total Liabilities (outstanding balance)—— TOTAL VALUE $923,051.29 $923,059.13 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $923,051.29 $923,036.35 Income and Distributions 7.84 22.78 Total Investment Related Activity $7.84 $22.78 Total Cash Related Activity —— Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $923,059.13 $923,059.13 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Interest $7.84 $22.78 Total Taxable Income And Distributions $7.84 $22.78 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $7.84 $22.78 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) 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 March 1-31, 2017 Active Assets Account 660-110179-095 Investment Objectives †: Capital Appreciation,Income Brokerage Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 9 of 128 † 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. #$678,057.05 —$68.00 0.010 MORGAN STANLEY PRIVATE BANK NA #245,002.08 —25.00 0.010 BANK DEPOSITS $923,059.13 $93.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 100.00%$923,059.13 $93.00 # 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 MARKET VALUE $0.00 $923,059.13 $93.00 $0.00 0.01% TOTAL VALUE (includes accrued interest)100.00%$923,059.13 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 1 7 4 M S A D S 2 5 1 0 1 1 9 8 1 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 10 of 128 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $923,059.13 —————— TOTAL ALLOCATION OF ASSETS $923,059.13 —————— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 3/31 Interest Income MORGAN STANLEY BANK N.A. (Period 03/01-03/31) $5.76 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/01-03/31) 2.08 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $7.84 TOTAL INTEREST $7.84 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/31 Automatic Investment BANK DEPOSIT PROGRAM $5.76 3/31 Automatic Investment BANK DEPOSIT PROGRAM 2.08 NET ACTIVITY FOR PERIOD $7.84 MESSAGES Consolidated Statement of Financial Condition (In Millions of Dollars) At December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 11 of 128 Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 1 7 4 M S A D S 2 5 1 0 1 1 9 8 2 This page intentionally left blank Page 12 of 128 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-035174-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $4,349,687.17 $4,326,962.48 Normal Contributions —— Debits 116.25 (5,218.36) Security Transfers —— Net Credits/Debits/Transfers $116.25 $(5,218.36) Change in Value 1,083.48 29,142.78 TOTAL ENDING VALUE $4,350,886.90 $4,350,886.90 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 2 4 6 8 10 ($ ) 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 128 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $204,665.98 4.70 Fixed Income & Preferreds 4,146,220.92 95.30 TOTAL VALUE $4,350,886.90 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 3 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 14 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $164,758.50 $175,416.54 Corporate Fixed Income^2,101,974.16 2,256,548.28 Government Securities^2,077,141.85 1,889,672.64 Net Unsettled Purchases/Sales 5,812.66 29,249.44 Total Assets $4,349,687.17 $4,350,886.90 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,349,687.17 $4,350,886.90 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $164,758.50 $114,965.18 Purchases (779,566.14)(2,034,217.02) Sales and Redemptions 800,964.08 2,098,303.32 Prior Net Unsettled Purch/Sales 5,812.66 N/A Net Unsettled Purch/Sales (29,249.44)(29,249.44) Return of Principal 1,845.93 1,845.93 Income and Distributions 10,734.70 28,986.93 Total Investment Related Activity $10,541.79 $65,669.72 Other Debits 116.25 (5,218.36) Total Cash Related Activity $116.25 $(5,218.36) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $175,416.54 $175,416.54 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Interest $10,734.70 $28,986.93 Total Taxable Income And Distributions $10,734.70 $28,986.93 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $10,734.70 $28,986.93 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain $228.39 $1,023.60 $4,925.04 Short-Term (Loss)(11,179.38)(40,022.87)(24,264.24) Total Short-Term $(10,950.99)$(38,999.27)$(19,339.20) Long-Term Gain —2,323.47 5,677.15 Long-Term (Loss)——(486.13) Total Long-Term —$2,323.47 $5,191.02 TOTAL GAIN/(LOSS)$(10,950.99)$(36,675.80)$(14,148.18) Disallowed Loss $1,758.33 $1,758.33 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 Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 15 of 128 ADDITIONAL ACCOUNT INFORMATION Category This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17)Category This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Accrued Interest Paid $4,106.80 $10,040.21 Accrued Interest Received 3,220.12 7,596.77 U.S. Treasury Coupon Interest 183.75 6,275.00 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 4 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 Investment Objectives †: Income Investment Advisory Account Manager:Sage Advisory - Intermediate Taxab CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 16 of 128 † 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 $34,289.43 MORGAN STANLEY BANK N.A. #141,127.06 —14.00 0.010 MORGAN STANLEY PRIVATE BANK NA #0.05 ——0.010 BANK DEPOSITS $141,127.11 $14.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $175,416.54 $14.00 NET UNSETTLED PURCHASES/SALES $29,249.44 CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)4.70%$204,665.98 # 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. Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 17 of 128 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 % VODAFONE GROUP PLC Coupon Rate 1.250%; Matures 09/26/2017; CUSIP 92857WAY6 5/13/16 70,000.000 $99.874 $99.874 $99.914 $69,911.80 $69,911.80 $69,939.80 $28.00 ST $438.00 $12.15 0.62 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.428%; Moody BAA1 S&P BBB+; Issued 09/26/12; Asset Class: FI & Pref AMERICAN EXPRESS CO Coupon Rate 1.550%; Matures 05/22/2018; CUSIP 025816BG3 5/12/16 6/23/16 64,000.000 23,000.000 100.281 100.160 100.357 100.215 99.870 99.870 64,179.84 64,102.29 23,082.11 23,049.45 63,916.80 22,970.10 (185.49) (79.35) ST ST Total 87,000.000 87,261.95 87,151.74 86,886.90 (264.84)ST 1,349.00 483.21 1.55 Int. Semi-Annually May/Nov 22; Yield to Maturity 1.665%; Moody A3 S&P BBB+; Issued 05/22/13; Asset Class: FI & Pref CVS HEALTH CORP Coupon Rate 1.900%; Matures 07/20/2018; CUSIP 126650CH1 5/13/16 77,000.000 101.250 100.752 100.198 77,962.50 77,579.04 77,152.46 (426.58)ST 1,463.00 288.53 1.89 Int. Semi-Annually Jan/Jul 20; Yield to Maturity 1.745%; Moody BAA1 S&P BBB+; Issued 07/20/15; Asset Class: FI & Pref BP CAPITAL MARKETS PLC Coupon Rate 2.241%; Matures 09/26/2018; CUSIP 05565QCG1 11/16/15 86,000.000 101.376 100.724 100.705 87,183.36 86,622.49 86,606.30 (16.19)LT 1,927.00 26.76 2.22 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.758%; Moody A2 S&P A-; Issued 09/26/13; Asset Class: FI & Pref ORACLE CORP Coupon Rate 2.375%; Matures 01/15/2019; CUSIP 68389XAQ8 4/10/15 3/28/16 15,000.000 68,000.000 103.012 101.456 103.182 102.050 101.376 101.376 15,451.80 15,218.36 70,163.76 69,393.66 15,206.40 68,935.68 (11.96) (457.98) LT LT Total 83,000.000 85,615.56 84,612.02 84,142.08 (469.94)LT 1,971.00 416.15 2.34 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.591%; Moody A1 S&P AA-; Issued 07/16/13; Asset Class: FI & Pref DOW CHEMCIAL CO Coupon Rate 8.550%; Matures 05/15/2019; CUSIP 260543BX0 3/2/17 74,000.000 113.834 113.403 113.361 84,237.16 83,918.05 83,887.14 (30.91)ST 6,327.00 2,390.20 7.54 Int. Semi-Annually May/Nov 15; Yield to Maturity 2.080%; Moody BAA2 S&P BBB (*); Issued 05/13/09; Asset Class: FI & Pref AMGEN INC Coupon Rate 2.200%; Matures 05/22/2019; CUSIP 031162BU3 11/22/16 86,000.000 100.769 100.664 100.661 86,661.34 86,571.31 86,568.46 (2.85)ST 1,892.00 677.96 2.18 Int. Semi-Annually May/Nov 22; Callable $100.00 on 04/22/19; Yield to Call 1.871%; Moody BAA1 S&P A; Issued 05/22/14; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.500%; Matures 07/29/2019; CUSIP 172967HU8 3/23/17 86,000.000 100.883 100.879 100.903 86,759.38 86,755.84 86,776.58 20.74 ST 2,150.00 370.27 2.47 Int. Semi-Annually Jan/Jul 29; Yield to Maturity 2.100%; Moody BAA1 S&P BBB+; Issued 07/29/14; Asset Class: FI & Pref 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 5 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 18 of 128 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 % PRUDENTIAL FINL INC Coupon Rate 5.375%; Matures 06/21/2020; CUSIP 74432QBM6 1/14/15 11/18/15 8,000.000 69,000.000 114.539 108.868 112.310 108.800 109.688 109.688 9,163.12 8,709.47 77,493.90 75,072.12 8,775.04 75,684.72 65.57 612.60 LT LT Total 77,000.000 86,657.02 83,781.59 84,459.76 678.17 LT 4,139.00 1,149.65 4.90 Int. Semi-Annually Jun/Dec 21; Yield to Maturity 2.241%; Moody BAA1 S&P A; Issued 06/21/10; Asset Class: FI & Pref VERIZON COMMUNICATIONS Coupon Rate 4.500%; Matures 09/15/2020; CUSIP 92343VBQ6 2/1/17 76,000.000 106.562 106.290 106.438 80,987.12 80,780.46 80,892.88 112.42 ST 3,420.00 151.99 4.22 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.542%; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref CONOCOPHILLIPS COMPANY Coupon Rate 4.200%; Matures 03/15/2021; CUSIP 20826FAS5 1/10/17 80,000.000 106.491 106.165 106.629 85,192.80 84,932.02 85,303.20 371.18 ST 3,360.00 149.33 3.93 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/21; Yield to Call 2.397%; Moody BAA2 S&P A-; Issued 03/08/16; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 5.250%; Matures 07/27/2021; CUSIP 38141GGQ1 11/24/15 83,000.000 111.829 109.202 109.692 92,818.07 90,637.91 91,044.36 406.45 LT 4,358.00 774.66 4.78 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.850%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref WILLIAMS PARTNERS LP Coupon Rate 3.350%; Matures 08/15/2022; CUSIP 96950FAJ3 8/10/16 91,000.000 97.255 97.255 99.831 88,502.05 88,502.05 90,846.21 2,344.16 ST 3,049.00 389.53 3.35 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 05/15/22; Yield to Maturity 3.384%; 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 11/16/15 4,000.000 82,000.000 97.377 97.377 96.934 96.934 99.625 99.625 3,895.08 3,895.08 79,485.88 79,485.88 3,985.00 81,692.50 89.92 2,206.62 LT LT Total 86,000.000 83,380.96 83,380.96 85,677.50 2,296.54 LT 2,494.00 1,004.52 2.91 Int. Semi-Annually May/Nov 06; Yield to Maturity 2.973%; 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 86,000.000 100.842 100.831 100.608 86,724.12 86,714.35 86,522.88 (191.47)ST 2,639.00 491.21 3.05 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 01/24/22; Yield to Call 2.932%; First Coupon 07/24/17; 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 8,000.000 78,000.000 99.660 99.660 100.125 100.103 101.018 101.018 7,972.80 7,972.80 78,097.50 78,080.55 8,081.44 78,794.04 108.64 713.49 LT LT Total 86,000.000 86,070.30 86,053.35 86,875.48 822.13 LT 2,752.00 504.53 3.16 Int. Semi-Annually Jan/Jul 25; Yield to Maturity 3.007%; Moody A3 S&P A-; Issued 01/25/13; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 19 of 128 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 % ANHEUSER-BUSCH INBEV FIN Coupon Rate 3.300%; Matures 02/01/2023; CUSIP 035242AL0 4/5/16 83,000.000 104.564 103.952 101.781 86,788.12 86,280.52 84,478.23 (1,802.29)ST 2,739.00 456.50 3.24 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 12/01/22; Yield to Call 2.956%; Moody A3 S&P A-; Issued 01/25/16; Asset Class: FI & Pref AT&T INC Coupon Rate 3.600%; Matures 02/17/2023; CUSIP 00206RCS9 6/16/16 83,000.000 103.932 103.509 101.280 86,263.56 85,912.23 84,062.40 (1,849.83)ST 2,988.00 365.19 3.55 Int. Semi-Annually Feb/Aug 17; Callable $100.00 on 12/17/22; Yield to Call 3.351%; Moody BAA1 (-) S&P BBB+ (-); Issued 02/09/16; Asset Class: FI & Pref ECOPETROL SA Coupon Rate 5.875%; Matures 09/18/2023; CUSIP 279158AC3 2/2/17 79,000.000 107.350 107.203 108.375 84,806.50 84,689.99 85,616.25 926.26 ST 4,641.00 167.60 5.42 Int. Semi-Annually Mar/Sep 18; Yield to Maturity 4.373%; 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 88,000.000 100.058 100.055 96.631 88,051.04 88,047.97 85,035.28 (3,012.69)ST 1,980.00 896.50 2.32 Int. Semi-Annually Apr/Oct 18; Yield to Maturity 2.817%; First Coupon 04/18/17; 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 83,000.000 102.442 102.244 101.359 85,026.86 84,862.19 84,127.97 (734.22)ST 3,320.00 1,106.66 3.94 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 03/01/25; Yield to Call 3.799%; 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 82,000.000 107.141 106.826 102.555 87,855.62 87,597.46 84,095.10 (3,502.36)ST 3,649.00 283.81 4.33 Int. Semi-Annually Mar/Sep 03; Yield to Maturity 4.105%; Moody BAA3 S&P BBB; Issued 03/03/16; Asset Class: FI & Pref SABINE PASS LIQUEFACTION Coupon Rate 5.875%; Matures 06/30/2026; CUSIP 785592AP1 2/28/17 87,000.000 111.762 111.681 110.259 97,232.94 97,162.76 95,925.33 (1,237.43)ST 5,111.00 1,277.81 5.32 Int. Semi-Annually Jun/Dec 31; Callable $100.00 on 12/31/25; Yield to Call 4.446%; Moody BA1 S&P BBB-; Issued 06/14/16; Asset Class: FI & Pref CORPORATE BONDS 1,899,000.000 $1,971,950.13 $1,962,458.10 $1,956,922.55 $3,717.16 $(9,252.71) LT ST $68,156.00 $13,834.72 3.48% 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 1.292%; Matures 06/15/2021; CUSIP 05522RCQ9 11/13/15 11/17/15 30,000.000 125,000.000 $99.684 $99.684 99.461 99.461 $100.427 100.427 $29,905.08 $29,905.08 124,326.13 124,326.13 $30,128.10 125,533.75 $223.02 1,207.62 LT LT Total 155,000.000 154,231.21 154,231.21 155,661.85 1,430.64 LT 2,003.00 89.01 1.28 Interest Paid Monthly May 15; Yield to Maturity 1.187%; Floater; Moody AAA S&P AAA; Issued 02/13/14; Asset Class: FI & Pref 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 20 of 128 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 % COMET 2016-A6 A Coupon Rate 1.820%; Matures 09/15/2022; CUSIP 14041NFH9 3/16/17 130,000.000 99.789 99.789 99.950 129,725.83 129,725.83 129,935.00 209.17 ST 2,366.00 105.15 1.82 Interest Paid Monthly Mar 15; Yield to Maturity 1.830%; S&P AAA; Issued 12/08/16; Asset Class: FI & Pref OTHER FIXED INCOME 285,000.000 $283,957.04 $283,957.04 $285,596.85 $1,430.64 $209.17 LT ST $4,369.00 $194.16 1.53% 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 2,184,000.000 $2,255,907.17 $2,246,415.14 $2,242,519.40 $5,147.80 $(9,043.54) LT ST $72,525.00 $14,028.88 3.23% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 51.86%$2,256,548.28 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 0.625%; Matures 11/30/2017; CUSIP 912828UA6 10/20/16 95,000.000 $99.907 $99.907 $99.766 $94,911.27 $94,911.27 $94,777.70 $(133.57)ST $594.00 $197.37 0.62 Int. Semi-Annually May/Nov 31; Yield to Maturity .979%; Moody AAA; Issued 11/30/12; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 0.750%; Matures 02/15/2019; CUSIP 912828P53 2/8/17 49,000.000 99.180 99.180 99.098 48,598.20 48,598.20 48,558.02 (40.18)ST 368.00 44.66 0.75 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.239%; Moody AAA; Issued 02/15/16; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.250%; Matures 01/31/2020; CUSIP 912828H52 4/12/16 4/12/16 4/19/16 40,000.000 16,000.000 47,000.000 100.396 100.396 100.679 100.679 100.878 100.878 99.356 99.356 99.356 40,158.40 40,158.40 16,108.57 16,108.57 47,412.54 47,412.54 39,742.40 15,896.96 46,697.32 (416.00) (211.61) (715.22) ST ST ST H H H 7/4/16 19,000.000 101.290 101.290 99.356 19,245.19 19,245.19 18,877.64 (367.55)ST H 7/19/16 50,000.000 101.094 100.883 99.356 50,547.05 50,441.43 49,678.00 (763.43)ST Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 21 of 128 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 % 8/30/16 108,000.000 100.836 100.696 99.356 108,903.20 108,751.49 107,304.48 (1,447.01)ST 11/16/16 189,000.000 99.688 99.688 99.356 188,409.94 188,409.94 187,782.84 (627.10)ST Total 469,000.000 470,784.89 470,527.56 465,979.64 (4,547.92)ST 5,863.00 955.49 1.25 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.483%; Moody AAA; Issued 01/31/15; Basis Adjustment Due to Wash Sale: $1,758.33; Asset Class: FI & Pref UNITED STATES TREASURY NOTE-INFLATION INDEXED Coupon Rate 0.125%; Matures 04/15/2020; CUSIP 912828K33 2/15/17 83,000.000 101.586 105.270 101.491 86,914.42 87,373.91 87,335.78 (38.13)ST 108.00 49.35 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.03678000; Moody AAA; Issued 04/15/15; Current Face 86,052.740; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 08/15/2026; CUSIP 9128282A7 12/9/16 119,000.000 92.051 92.051 92.531 109,540.93 109,540.92 110,111.89 570.97 ST 1,785.00 216.96 1.62 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.394%; Moody AAA; Issued 08/15/16; Asset Class: FI & Pref UNITED STATES TREASURY BOND-INFLATION INDEXED Coupon Rate 0.375%; Matures 01/15/2027; CUSIP 912828V49 2/9/17 87,000.000 99.907 100.436 99.566 86,853.64 87,379.69 87,065.06 (314.63)ST 328.00 67.93 0.37 Int. Semi-Annually Jan/Jul 15; Factor 1.00511000; Issued 01/15/17; Current Face 87,444.570; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.250%; Matures 02/15/2027; CUSIP 912828V98 3/22/17 3/23/17 180,000.000 80,000.000 98.653 98.653 98.454 98.454 98.723 98.723 177,574.86 177,574.86 78,762.80 78,762.80 177,701.40 78,978.40 126.54 215.60 ST ST Total 260,000.000 256,337.66 256,337.66 256,679.80 342.14 ST 5,850.00 711.04 2.27 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.396%; Moody AAA; Issued 02/15/17; Asset Class: FI & Pref TREASURY SECURITIES 1,162,000.000 $1,153,941.01 $1,154,669.21 $1,150,507.89 $(4,161.32)ST $14,896.00 $2,242.80 1.30% 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 % FED NATL MTG ASSN Coupon Rate 1.750%; Matures 11/26/2019; CUSIP 3135G0ZY2 11/10/15 5/12/16 9/14/16 15,000.000 70,000.000 129,000.000 $100.541 $100.359 102.293 101.726 102.300 101.911 $100.647 100.647 100.647 $15,081.15 $15,053.83 71,605.10 71,208.48 131,967.26 131,465.73 $15,097.05 70,452.90 129,834.63 $43.22 (755.58) (1,631.10) LT ST ST Total 214,000.000 218,653.51 217,728.04 215,384.58 43.22 (2,386.68) LT ST 3,745.00 1,300.34 1.73 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 7 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 22 of 128 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 May/Nov 26; Yield to Maturity 1.500%; Moody AAA S&P AA+; Issued 11/07/14; Asset Class: FI & Pref INTL BK FOR RECON & DEV Coupon Rate 1.375%; Matures 05/24/2021; CUSIP 459058FH1 9/16/16 90,000.000 99.936 99.936 97.516 89,942.40 89,942.40 87,764.40 (2,178.00)ST 1,238.00 1.41 Int. Semi-Annually May/Nov 24; Yield to Maturity 2.002%; Moody AAA S&P AAA; Issued 05/24/16; Asset Class: FI & Pref FHLMC 30 YR GOLD G08749 Coupon Rate 4.000%; Matures 01/01/2047; CUSIP 3128MJZP8 2/9/17 207,000.000 105.410 105.410 104.973 217,498.12 216,302.34 215,405.19 (897.15)ST 8,208.00 684.00 3.81 Interest Paid Monthly Jan 01; Yield to Maturity 3.722%; Factor .99130713; Issued 01/01/17; Current Face 205,200.576; Asset Class: FI & Pref FEDERAL NATIONAL MTG ASSN POOL MA2896 Coupon Rate 3.500%; Matures 02/01/2047; CUSIP 31418CGE8 2/7/17 212,000.000 102.668 102.668 102.349 217,171.58 216,441.07 215,768.56 (672.51)ST 7,379.00 614.88 3.41 Interest Paid Monthly Jan 01; Yield to Maturity 3.374%; Factor .99441738; Issued 01/01/17; Current Face 210,816.485; Asset Class: FI & Pref FEDERAL AGENCIES 723,000.000 $743,265.61 $740,413.85 $734,322.73 $43.22 $(6,134.34) LT ST $20,570.00 $2,599.22 2.80% 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 1,885,000.000 $1,897,206.62 $1,895,083.06 $1,884,830.62 $43.22 $(10,295.66) LT ST $35,466.00 $4,842.02 1.88% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 43.43%$1,889,672.64 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,141,498.20 $4,332,016.00 $5,191.02 $(19,339.20) LT ST $108,005.00 $18,870.90 2.48% TOTAL VALUE (includes accrued interest)100.00%$4,350,886.90 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. Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 23 of 128 ALLOCATION OF ASSETS (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $204,665.98 —————— Corporate Fixed Income^——$2,256,548.28 ———— Government Securities^——1,889,672.64 ———— TOTAL ALLOCATION OF ASSETS^$204,665.98 —$4,146,220.92 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/1 3/1 Sold US TSY NOTE 1625 26MY15 ACTED AS AGENT ACCRUED INTEREST 461.55 a/o 02/28/17 97,000.000 $93.8629 $91,508.56 3/1 3/3 Bought SABINE PASS LIQUE 5875 26JN30 ACTED AS AGENT ACCRUED INTEREST 894.47 a/o 02/28/17 87,000.000 111.7620 (98,127.41) 3/2 3/3 Sold US TSY NOTE 0875 18OC15 ACTED AS AGENT ACCRUED INTEREST 207.16 62,000.000 99.4645 61,875.15 3/2 3/3 Sold US TSY NOTE 0750 19FB15 ACTED AS AGENT ACCRUED INTEREST 12.60 38,000.000 98.9059 37,596.84 3/2 3/7 Bought DOW CHEMICAL CO 8550 19MY15 ACTED AS AGENT ACCRUED INTEREST 1,968.40 74,000.000 113.8340 (86,205.56) 3/16 3/17 Sold US TSY NOTE 1250 20JA31 ACTED AS AGENT ACCRUED INTEREST 135.19 87,000.000 99.0778 86,332.88 3/16 3/17 Sold US TSY NOTE 0875 19SP15 ACTED AS AGENT ACCRUED INTEREST 2.00 42,000.000 98.4997 41,371.87 3/16 3/21 Bought COMET 2016-A6 A 1820 *22SPRG ACTED AS AGENT ACCRUED INTEREST 39.43 130,000.000 99.7891 (129,765.26) 3/22 3/23 Sold US TSY NOTE 1625 26MY15 ACTED AS AGENT ACCRUED INTEREST 850.39 148,000.000 93.7379 139,582.48 3/22 3/23 Bought US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 402.76 180,000.000 98.6527 (177,977.62) 3/23 3/24 Sold US TSY NOTE 1250 20JA31 ACTED AS AGENT ACCRUED INTEREST 127.49 71,000.000 99.2770 70,614.16 3/23 3/24 Bought US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 183.98 80,000.000 98.4535 (78,946.78) 3/23 3/28 Sold CITIGROUP INC 3200 *26OC21 ACTED AS AGENT ACCRUED INTEREST 1,256.00 90,000.000 95.3950 87,111.50 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 24 of 128 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/23 3/28 Bought CITIGROUP INC 2500 19JL29 ACTED AS AGENT ACCRUED INTEREST 352.36 86,000.000 100.8830 (87,111.74) 3/30 3/31 Sold US TSY NOTE 1500 26AU15 ACTED AS AGENT ACCRUED INTEREST 67.46 37,000.000 92.4918 34,289.43 3/30 4/4 Sold COMET 2016-A3 1250 22APRG ACTED AS AGENT ACCRUED INTEREST 100.28 152,000.000 99.0664 150,681.21 3/30 4/4 Bought US TSY NOTE 1250 20JA31 ACTED AS AGENT ACCRUED INTEREST 265.40 122,000.000 99.3167 (121,431.77) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $21,397.94 TOTAL PURCHASES $(779,566.14) TOTAL SALES AND REDEMPTIONS $800,964.08 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) 3/30 4/4 Sold COMET 2016-A3 1250 22APRG UNSETTLED SALE 152,000.000 $99.0664 $150,681.21 3/30 4/4 Bought US TSY NOTE 1250 20JA31 UNSETTLED PURCHASE 122,000.000 99.3167 (121,431.77) NET UNSETTLED PURCHASES/SALES $29,249.44 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. RETURN OF PRINCIPAL Activity Date Activity Type Description Comments Credits/(Debits) 3/15 Principal Payment FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $1,134.40 3/27 Principal Payment FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 711.53 TOTAL RETURN OF PRINCIPAL $1,845.93 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 3/3 Interest Income BANK OF AMERICA C 4450 26MH03 CUSIP: 06051GFU8 $1,824.50 3/15 Interest Income VERIZON CMMNCTNS 4500 20SP15 CUSIP: 92343VBQ6 1,710.00 3/15 Interest Income CONOCOPHILLIPS CO 4200 *21MH15 CUSIP: 20826FAS5 1,680.00 3/15 Interest Income FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 687.78 3/15 Interest Income US TSY NOTE 0875 19SP15 CUSIP: 9128282G4 183.75 3/15 Interest Income COMET 2016-A3 1250 22APRG CUSIP: 14041NFE6 169.73 3/15 Interest Income BACCT 2014-A1 A 1150 *21JNRG CUSIP: 05522RCQ9 138.64 3/20 Interest Income ECOPETROL SA 5875 23SP18 CUSIP: 279158AC3 2,320.63 3/27 Interest Income BP CAP MRKT PLC 2241 18SP26 CUSIP: 05565QCG1 963.63 3/27 Interest Income FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 616.95 3/27 Interest Income VODAFONE GROUP 1250 17SP26 CUSIP: 92857WAY6 437.50 3/31 Interest Income MORGAN STANLEY BANK N.A. (Period 03/01-03/31) 1.54 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 25 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/02-03/31) 0.05 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $10,734.70 TOTAL INTEREST $10,734.70 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 3/8 Service Fee Adj ADVISORY FEE REBATE $5,334.61 3/8 Service Fee ADVISORY FEE REBATE (3,971.33) 3/16 Service Fee ADVISORY INCEPTION FEE (1,247.03) TOTAL OTHER CREDITS AND DEBITS $116.25 TOTAL OTHER DEBITS $116.25 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/2 Automatic Investment BANK DEPOSIT PROGRAM $97,321.22 3/3 Automatic Investment BANK DEPOSIT PROGRAM 1,824.50 3/6 Automatic Investment BANK DEPOSIT PROGRAM 1,344.58 3/7 Automatic Redemption BANK DEPOSIT PROGRAM (86,205.56) 3/9 Automatic Investment BANK DEPOSIT PROGRAM 1,363.28 3/15 Automatic Investment BANK DEPOSIT PROGRAM 5,016.52 3/16 Automatic Investment BANK DEPOSIT PROGRAM 687.78 3/17 Automatic Redemption BANK DEPOSIT PROGRAM (1,247.03) 3/20 Automatic Investment BANK DEPOSIT PROGRAM 130,025.38 3/21 Automatic Redemption BANK DEPOSIT PROGRAM (129,765.26) 3/23 Automatic Redemption BANK DEPOSIT PROGRAM (38,395.14) 3/24 Automatic Redemption BANK DEPOSIT PROGRAM (8,332.62) 3/27 Automatic Investment BANK DEPOSIT PROGRAM 2,112.66 3/28 Automatic Investment BANK DEPOSIT PROGRAM 616.71 3/31 Automatic Investment BANK DEPOSIT PROGRAM 1.54 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.05 NET ACTIVITY FOR PERIOD $(23,631.39) 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 8 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 26 of 128 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 CITIGROUP INC 3.200 10-21-26 11/28/16 03/23/17 90,000.000 $85,855.50 $86,356.80 $(501.30) COMET 2016-A3 1 1/4 4-15-22 02/15/17 03/30/17 152,000.000 150,580.93 150,515.57 65.36 US TSY NOTE 3/4 2-15-19 02/08/17 03/02/17 38,000.000 37,584.24 37,688.40 (104.16) US TSY NOTE 7/8 9-15-19 10/07/16 03/16/17 42,000.000 41,369.87 41,860.69 (490.82) US TSY NOTE 7/8 10-15-18 09/14/16 03/02/17 62,000.000 61,667.99 62,075.59 (407.60) US TSY NOTE 1 1/2 8-15-26 12/09/16 03/30/17 37,000.000 34,221.97 34,058.94 163.03 US TSY NOTE 1 1/4 1-31-20 03/29/16 03/16/17 40,000.000 39,631.12 40,084.52 (453.40)W 04/05/16 03/16/17 47,000.000 46,566.57 47,402.22 (835.65)W 04/05/16 03/23/17 16,000.000 15,884.32 16,136.93 (252.61)W 06/27/16 03/23/17 19,000.000 18,862.63 19,299.91 (437.28)W 06/27/16 03/23/17 11,000.000 10,920.47 11,173.64 (253.17) 07/19/16 03/23/17 25,000.000 24,819.25 25,221.99 (402.74) Disallowed Loss Based On Wash Sale: $1,758.33 US TSY NOTE 1 5/8 5-15-26 07/06/16 03/22/17 11,000.000 10,311.17 11,227.20 (916.03) 08/19/16 03/22/17 41,000.000 38,432.54 41,116.59 (2,684.05) 09/01/16 03/22/17 37,000.000 34,683.02 37,123.31 (2,440.29) 10/04/16 03/22/17 9,000.000 8,436.41 8,979.29 (542.88) 11/16/16 03/22/17 50,000.000 46,868.95 47,326.35 (457.40) Short-Term This Period $706,696.95 $717,647.94 $(10,950.99) Short-Term Year to Date $1,912,746.16 $1,951,745.43 $(38,999.27) MISSING COST Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FHLMC 30G G08749 4.000 1-01-47 03/15/17 1,134.400 1,134.40 Please Provide N/A FNMA POOL MA2896 3 1/2 2-01-47 03/25/17 711.530 711.53 Please Provide N/A Missing Cost This Period $1,845.93 N/A N/A Missing Cost Year to Date $1,845.93 N/A N/A Net Realized Gain/(Loss) This Period $708,542.88 $717,647.94 $(10,950.99) Net Realized Gain/(Loss) Year to Date $2,092,552.48 $2,127,382.35 $(36,675.80) Disallowed Loss Based On Wash Sale This Period: $1,758.33 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 27 of 128 Disallowed Loss Based On Wash Sale Year to Date: $1,758.33 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 December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 1 7 4 M S A D S 2 5 1 0 1 1 9 9 0 This page intentionally left blank Page 28 of 128 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Consulting Group Advisor Active Assets Account 660-035178-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $4,418,531.29 $4,236,016.96 Normal Contributions —— Debits —(1,692.08) Security Transfers —— Net Credits/Debits/Transfers —$(1,692.08) Change in Value 52,174.55 236,380.96 TOTAL ENDING VALUE $4,470,705.84 $4,470,705.84 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 2 4 6 8 10 ($ ) 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 29 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $66,815.94 1.49 Equities 3,508,704.57 78.48 Alternatives 895,185.33 20.02 TOTAL VALUE $4,470,705.84 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 1 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 30 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $55,588.77 $66,815.94 ETFs & CEFs 2,683,789.82 2,700,711.29 Mutual Funds 1,679,152.70 1,703,178.61 Total Assets $4,418,531.29 $4,470,705.84 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,418,531.29 $4,470,705.84 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $55,588.77 $57,279.95 Income and Distributions 11,227.17 11,228.07 Total Investment Related Activity $11,227.17 $11,228.07 Other Debits —(1,692.08) Total Cash Related Activity —$(1,692.08) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $66,815.94 $66,815.94 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Other Dividends $11,226.69 $11,226.69 Interest 0.48 1.38 Total Taxable Income And Distributions $11,227.17 $11,228.07 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $11,227.17 $11,228.07 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain ——$85,672.71 Long-Term Gain ——288,818.33 Long-Term (Loss)——(24,347.57) Total Long-Term ——$264,470.76 TOTAL GAIN/(LOSS)——$350,143.47 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 March 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 31 of 128 † 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. #$66,815.94 —$7.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.49%$66,815.94 $7.00 # 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 8,262.000 133.000 $190.319 170.880 $216.350 216.350 $1,572,414.75 22,727.09 $1,787,483.70 28,774.55 $215,068.95 6,047.46 LT LT Total 8,395.000 1,595,141.84 1,816,258.25 221,116.41 LT 34,671.00 1.90 Next Dividend Payable 06/2017; Asset Class: Equities VANGUARD TOTAL INTL STOCK ETF (VXUS) 11/10/15 2/12/16 16,987.000 816.000 46.280 40.307 49.680 49.680 786,158.36 32,890.76 843,914.16 40,538.88 57,755.80 7,648.12 LT LT Total 17,803.000 819,049.12 884,453.04 65,403.92 LT 24,230.00 2.73 Next Dividend Payable 06/2017; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 2 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 32 of 128 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 60.41%$2,414,190.96 $2,700,711.29 $286,520.33 LT $58,901.00 2.18% 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 % LAZARD INTL STRAT EQ PTF INST (LISIX) 11/10/15 2/12/16 57,921.887 1,868.289 $13.570 11.920 $13.150 13.150 $786,000.00 22,270.00 $761,672.81 24,568.00 $(24,327.19) 2,298.00 LT LT Purchases 59,790.176 808,270.00 786,240.81 (22,029.19)LT Long Term Reinvestments 678.890 8,947.78 8,927.40 (20.38)LT Short Term Reinvestments 975.290 12,044.83 12,825.06 780.23 ST Total 61,444.356 829,262.61 807,993.28 (22,049.57) 780.23 LT ST 12,227.00 1.51 Total Purchases vs Market Value Net Value Increase/(Decrease) 808,270.00 807,993.28 (276.72) GIMA Status: FL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Equities TORTOISE MLP & PIPELINE INST (TORIX) 7/15/16 61,846.805 12.990 14.360 803,390.00 888,120.12 84,730.12 ST Purchases 61,846.805 803,390.00 888,120.12 84,730.12 ST Short Term Reinvestments 492.006 6,902.85 7,065.21 162.36 ST Total 62,338.811 810,292.85 895,185.33 84,892.48 ST 16,333.00 1.82 Total Purchases vs Market Value Net Value Increase/(Decrease) 803,390.00 895,185.33 91,795.33 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Alt Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 33 of 128 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MUTUAL FUNDS 38.10%$1,639,555.46 $1,703,178.61 $(22,049.57) $85,672.71 LT ST $28,560.00 1.68% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,053,746.42 $4,470,705.84 $264,470.76 $85,672.71 LT ST $87,468.00 $0.00 1.96% TOTAL VALUE (includes accrued interest)100.00%$4,470,705.84 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 $66,815.94 —————— ETFs & CEFs —$2,700,711.29 ————— Mutual Funds —807,993.28 —$895,185.33 ——— TOTAL ALLOCATION OF ASSETS $66,815.94 $3,508,704.57 —$895,185.33 ——— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 3/28 Dividend VANGUARD INDEX FDS S&P 500 ETF $8,378.21 3/30 Dividend VANGUARD TOTAL INTL STOCK ETF 2,848.48 3/31 Interest Income MORGAN STANLEY BANK N.A. (Period 03/01-03/31) 0.48 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $11,227.17 TOTAL OTHER DIVIDENDS $11,226.69 TOTAL INTEREST $0.48 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 3 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 34 of 128 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/28 Automatic Investment BANK DEPOSIT PROGRAM $8,378.21 3/30 Automatic Investment BANK DEPOSIT PROGRAM 2,848.48 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.48 NET ACTIVITY FOR PERIOD $11,227.17 MESSAGES Consolidated Statement of Financial Condition (In Millions of Dollars) At December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 660-035191-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $973,130.50 $912,436.77 Normal Contributions —— Debits —(1,126.17) Security Transfers —— Net Credits/Debits/Transfers —$(1,126.17) Change in Value 15,860.85 77,680.75 TOTAL ENDING VALUE $988,991.35 $988,991.35 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 300 600 900 1,200 1,500 ($ ) 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 35 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $28,816.37 2.91 Equities 960,174.98 97.09 TOTAL VALUE $988,991.35 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 4 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 36 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $25,799.61 $40,497.39 Stocks 947,330.89 960,174.98 Net Unsettled Purchases/Sales —(11,681.02) Total Assets $973,130.50 $988,991.35 Total Liabilities (outstanding balance)—— TOTAL VALUE $973,130.50 $988,991.35 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $25,799.61 $20,879.26 Purchases (18,594.41)(69,197.60) Sales and Redemptions 19,839.98 76,558.04 2016 Net Unsettled Purch/Sales N/A (2,023.42) Net Unsettled Purch/Sales 11,681.02 11,681.02 Income and Distributions 1,771.19 3,726.26 Total Investment Related Activity $14,697.78 $20,744.30 Other Debits —(1,126.17) Total Cash Related Activity —$(1,126.17) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $40,497.39 $40,497.39 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Qualified Dividends $1,770.88 $3,725.61 Interest 0.31 0.65 Total Taxable Income And Distributions $1,771.19 $3,726.26 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,771.19 $3,726.26 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain $217.09 $2,880.73 $68,229.56 Short-Term (Loss)(846.76)(1,587.38)(12,876.17) Total Short-Term $(629.67)$1,293.35 $55,353.39 Long-Term Gain 262.44 262.44 29,068.21 Long-Term (Loss)——(5,925.56) Total Long-Term $262.44 $262.44 $23,142.65 TOTAL GAIN/(LOSS)$(367.23)$1,555.79 $78,496.04 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 March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account Manager:Pioneer Invest Fundamental Growth CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 37 of 128 † 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. #$40,497.39 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $40,497.39 $4.00 NET UNSETTLED PURCHASES/SALES $(11,681.02) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.91%$28,816.37 # 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 % ADOBE SYSTEMS (ADBE) 1/25/17 2/13/17 124.000 20.000 $113.773 117.802 $130.130 130.130 $14,107.85 2,356.04 $16,136.12 2,602.60 $2,028.27 246.56 ST ST Total 144.000 16,463.89 18,738.72 2,274.83 ST —— 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 5 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 38 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities ALLERGAN PLC SHS (AGN) 8/22/16 2/23/17 108.000 22.000 253.850 246.826 238.920 238.920 27,415.80 5,430.18 25,803.36 5,256.24 (1,612.44) (173.94) ST ST Total 130.000 32,845.98 31,059.60 (1,786.38)ST 364.00 1.17 Next Dividend Payable 06/2017; Asset Class: Equities ALPHABET INC CL C (GOOG) 8/22/16 58.000 771.889 829.560 44,769.55 48,114.48 3,344.93 ST —— Asset Class: Equities AMAZON COM INC (AMZN) 12/22/14 9/4/15 12/22/16 19.000 23.000 19.000 306.614 497.298 767.787 886.540 886.540 886.540 5,825.67 11,437.85 14,587.96 16,844.26 20,390.42 16,844.26 11,018.59 8,952.57 2,256.30 LT LT ST Total 61.000 31,851.48 54,078.94 19,971.16 2,256.30 LT ST —— Asset Class: Equities AMPHENOL CORP NEW CL A (APH) 9/16/16 9/20/16 9/27/16 80.000 19.000 41.000 62.739 64.400 64.033 71.170 71.170 71.170 5,019.14 1,223.60 2,625.36 5,693.60 1,352.23 2,917.97 674.46 128.63 292.61 ST ST ST 9/29/16 22.000 64.925 71.170 1,428.34 1,565.74 137.40 ST 10/7/16 42.000 64.987 71.170 2,729.47 2,989.14 259.67 ST 3/30/17 17.000 71.896 71.170 1,222.24 1,209.89 (12.35)ST Total 221.000 14,248.15 15,728.57 1,480.42 ST 141.00 0.89 Next Dividend Payable 04/11/17; Asset Class: Equities APPLE INC (AAPL) 8/22/16 11/9/16 11/16/16 439.000 18.000 10.000 108.358 109.850 110.170 143.660 143.660 143.660 47,569.21 1,977.30 1,101.70 63,066.74 2,585.88 1,436.60 15,497.53 608.58 334.90 ST ST ST 12/22/16 23.000 116.482 143.660 2,679.08 3,304.18 625.10 ST Total 490.000 53,327.29 70,393.40 17,066.11 ST 1,117.00 1.58 Next Dividend Payable 05/2017; Asset Class: Equities BROADCOM LTD SHS (AVGO) 1/25/17 3/30/17 85.000 21.000 200.056 222.574 218.960 218.960 17,004.77 4,674.06 18,611.60 4,598.16 1,606.83 (75.90) ST ST Total 106.000 21,678.83 23,209.76 1,530.93 ST 432.00 1.86 Next Dividend Payable 06/2017; Asset Class: Equities CABOT OIL & GAS CORP A (COG) 8/22/16 10/26/16 11/22/16 400.000 52.000 67.000 25.735 20.450 23.181 23.910 23.910 23.910 10,294.00 1,063.40 1,553.11 9,564.00 1,243.32 1,601.97 (730.00) 179.92 48.86 ST ST ST Total 519.000 12,910.51 12,409.29 (501.22)ST 42.00 0.33 Next Dividend Payable 05/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 39 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CELGENE CORP (CELG) 11/20/14 4/22/15 7/1/15 77.000 139.000 43.000 107.805 115.781 117.677 124.430 124.430 124.430 8,300.99 16,093.55 5,060.11 9,581.11 17,295.77 5,350.49 1,280.12 1,202.22 290.38 LT LT LT 8/22/16 36.000 113.952 124.430 4,102.27 4,479.48 377.21 ST Total 295.000 33,556.92 36,706.85 2,772.72 377.21 LT ST —— Asset Class: Equities COGNIZANT TECH SOLUTIONS CL A (CTSH) 8/22/16 10/7/16 11/16/16 201.000 45.000 18.000 57.515 50.610 55.117 59.520 59.520 59.520 11,560.51 2,277.44 992.11 11,963.52 2,678.40 1,071.36 403.01 400.96 79.25 ST ST ST Total 264.000 14,830.06 15,713.28 883.22 ST —— Asset Class: Equities COLGATE PALMOLIVE CO (CL) 8/22/16 11/9/16 122.000 22.000 74.535 70.327 73.190 73.190 9,093.33 1,547.20 8,929.18 1,610.18 (164.15) 62.98 ST ST Total 144.000 10,640.53 10,539.36 (101.17)ST 230.00 2.18 Next Dividend Payable 05/2017; Asset Class: Equities CVS HEALTH CORP COM (CVS) 6/12/15 8/5/15 8/22/16 128.000 86.000 166.000 102.265 110.521 98.070 78.500 78.500 78.500 13,089.95 9,504.77 16,279.62 10,048.00 6,751.00 13,031.00 (3,041.95) (2,753.77) (3,248.62) LT LT ST 11/9/16 14.000 75.287 78.500 1,054.02 1,099.00 44.98 ST 12/22/16 21.000 79.677 78.500 1,673.22 1,648.50 (24.72)ST Total 415.000 41,601.58 32,577.50 (5,795.72) (3,228.36) LT ST 830.00 2.54 Next Dividend Payable 05/2017; Asset Class: Equities ECOLAB INC (ECL) 8/22/16 125.000 122.120 125.340 15,264.97 15,667.50 402.53 ST 185.00 1.18 Next Dividend Payable 04/17/17; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 74.000 85.508 94.070 6,327.56 6,961.18 633.62 LT —— Asset Class: Equities GILEAD SCIENCE (GILD) 8/22/16 193.000 81.027 67.920 15,638.13 13,108.56 (2,529.57)ST 401.00 3.05 Next Dividend Payable 06/2017; Asset Class: Equities HERSHEY COMPANY (HSY) 8/22/16 152.000 113.933 109.250 17,317.82 16,606.00 (711.82)ST 376.00 2.26 Next Dividend Payable 06/2017; Asset Class: Equities HOME DEPOT INC (HD) 8/22/16 11/9/16 266.000 21.000 135.387 124.808 146.830 146.830 36,012.84 2,620.97 39,056.78 3,083.43 3,043.94 462.46 ST ST Total 287.000 38,633.81 42,140.21 3,506.40 ST 1,022.00 2.42 Next Dividend Payable 06/2017; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 40 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 8/22/16 2/13/17 368.000 115.000 13.000 47.147 55.938 59.033 59.870 59.870 59.870 17,349.96 6,432.92 767.43 22,032.16 6,885.05 778.31 4,682.20 452.13 10.88 LT ST ST Total 496.000 24,550.31 29,695.52 4,682.20 463.01 LT ST 397.00 1.33 Next Dividend Payable 06/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 8/22/16 86.000 137.269 132.530 11,805.17 11,397.58 (407.59)ST 220.00 1.93 Next Dividend Payable 04/07/17; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 8/22/16 10/26/16 160.000 18.000 119.247 113.967 124.550 124.550 19,079.46 2,051.41 19,928.00 2,241.90 848.54 190.49 ST ST Total 178.000 21,130.87 22,169.90 1,039.03 ST 570.00 2.57 Next Dividend Payable 06/2017; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 8/22/16 10/7/16 108.000 19.000 127.365 122.442 131.630 131.630 13,755.42 2,326.39 14,216.04 2,500.97 460.62 174.58 ST ST Total 127.000 16,081.81 16,717.01 635.20 ST 493.00 2.94 Next Dividend Payable 04/04/17; Asset Class: Equities MARSH & MCLENNAN COS INC (MMC) 2/16/17 2/23/17 3/16/17 128.000 22.000 43.000 72.890 73.048 74.663 73.890 73.890 73.890 9,329.86 1,607.06 3,210.50 9,457.92 1,625.58 3,177.27 128.06 18.52 (33.23) ST ST ST 3/30/17 23.000 74.480 73.890 1,713.04 1,699.47 (13.57)ST Total 216.000 15,860.46 15,960.24 99.78 ST 294.00 1.84 Next Dividend Payable 05/2017; Asset Class: Equities MASCO CORP (MAS) 9/20/16 9/27/16 10/7/16 142.000 143.000 90.000 32.704 34.455 33.961 33.990 33.990 33.990 4,643.95 4,927.05 3,056.51 4,826.58 4,860.57 3,059.10 182.63 (66.48) 2.59 ST ST ST 11/9/16 20.000 30.911 33.990 618.22 679.80 61.58 ST Total 395.000 13,245.73 13,426.05 180.32 ST 158.00 1.17 Next Dividend Payable 05/2017; Asset Class: Equities MASTERCARD INC CL A (MA) 8/22/16 400.000 95.827 112.470 38,330.64 44,988.00 6,657.36 ST 352.00 0.78 Next Dividend Payable 05/2017; Asset Class: Equities MEDTRONIC PLC SHS (MDT) 8/22/16 265.000 87.457 80.560 23,176.00 21,348.40 (1,827.60)ST 456.00 2.13 Next Dividend Payable 04/13/17; Asset Class: Equities MICROSOFT CORP (MSFT) 8/22/16 3/30/17 795.000 21.000 57.587 65.899 65.860 65.860 45,781.67 1,383.88 52,358.70 1,383.06 6,577.03 (0.82) ST ST Total 816.000 47,165.55 53,741.76 6,576.21 ST 1,273.00 2.36 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 41 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 06/2017; Asset Class: Equities NIKE INC B (NKE) 2/23/15 11/9/16 3/30/17 122.000 21.000 48.000 47.464 50.794 55.996 55.730 55.730 55.730 5,790.55 1,066.68 2,687.80 6,799.06 1,170.33 2,675.04 1,008.51 103.65 (12.76) LT ST ST Total 191.000 9,545.03 10,644.43 1,008.51 90.89 LT ST 138.00 1.29 Next Dividend Payable 04/03/17; Asset Class: Equities O'REILLY AUTOMOTIVE INC NEW (ORLY) 8/22/16 49.000 287.588 269.840 14,091.83 13,222.16 (869.67)ST —— Asset Class: Equities PEPSICO INC NC (PEP) 8/22/16 262.000 108.027 111.860 28,302.97 29,307.32 1,004.35 ST 789.00 2.69 Next Dividend Payable 06/2017; Asset Class: Equities RAYTHEON CO (NEW) (RTN) 8/22/16 176.000 142.893 152.500 25,149.20 26,840.00 1,690.80 ST 561.00 2.09 Next Dividend Payable 05/2017; Asset Class: Equities REYNOLDS AMERICAN INC (RAI) 8/22/16 3/10/17 335.000 22.000 50.625 60.680 63.020 63.020 16,959.51 1,334.96 21,111.70 1,386.44 4,152.19 51.48 ST ST Total 357.000 18,294.47 22,498.14 4,203.67 ST 728.00 3.23 Next Dividend Payable 04/03/17; Asset Class: Equities ROSS STORES INC (ROST) 8/22/16 10/7/16 234.000 21.000 64.635 64.073 65.870 65.870 15,124.59 1,345.54 15,413.58 1,383.27 288.99 37.73 ST ST Total 255.000 16,470.13 16,796.85 326.72 ST 163.00 0.97 Next Dividend Payable 06/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 8/22/16 84.000 81.820 78.100 6,872.88 6,560.40 (312.48)ST 168.00 2.56 Next Dividend Payable 04/17/17; Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 11/16/16 280.000 53.000 56.696 55.418 58.390 58.390 15,874.82 2,937.17 16,349.20 3,094.67 474.38 157.50 ST ST Total 333.000 18,811.99 19,443.87 631.88 ST 333.00 1.71 Next Dividend Payable 05/2017; Asset Class: Equities THERMO FISHER SCIENTIFIC (TMO) 8/22/16 10/26/16 192.000 21.000 153.733 146.471 153.600 153.600 29,516.77 3,075.90 29,491.20 3,225.60 (25.57) 149.70 ST ST Total 213.000 32,592.67 32,716.80 124.13 ST 128.00 0.39 Next Dividend Payable 04/17/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 8/22/16 11/9/16 12/28/16 310.000 26.000 21.000 80.580 87.003 96.353 97.710 97.710 97.710 24,979.80 2,262.07 2,023.42 30,290.10 2,540.46 2,051.91 5,310.30 278.39 28.49 ST ST ST 3/10/17 24.000 98.664 97.710 2,367.93 2,345.04 (22.89)ST 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 7 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 42 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 381.000 31,633.22 37,227.51 5,594.29 ST 613.00 1.64 Next Dividend Payable 06/2017; Asset Class: Equities UNITED TECHNOLOGIES CORP (UTX) 8/22/16 9/29/16 104.000 22.000 108.667 102.166 112.210 112.210 11,301.33 2,247.65 11,669.84 2,468.62 368.51 220.97 ST ST Total 126.000 13,548.98 14,138.46 589.48 ST 333.00 2.35 Next Dividend Payable 06/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 11/17/14 11/20/14 60.000 12.000 111.274 110.550 109.350 109.350 6,676.44 1,326.60 6,561.00 1,312.20 (115.44) (14.40) LT LT Total 72.000 8,003.04 7,873.20 (129.84)LT —— Asset Class: Equities WALT DISNEY CO HLDG CO (DIS) 8/22/16 262.000 95.836 113.390 25,108.93 29,708.18 4,599.25 ST 409.00 1.37 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.09%$881,678.94 $960,174.98 $23,142.65 $55,353.39 LT ST $13,716.00 1.43% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $881,678.94 $988,991.35 $23,142.65 $55,353.39 LT ST $13,720.00 $0.00 1.39% TOTAL VALUE (includes accrued interest)100.00%$988,991.35 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 $28,816.37 —————— Stocks —$960,174.98 ————— TOTAL ALLOCATION OF ASSETS $28,816.37 $960,174.98 ————— Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 43 of 128 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/6 3/9 Sold COGNIZANT TECH SOLUTIONS CL A ACTED AS AGENT 169.000 $58.8009 $9,937.13 3/6 3/9 Sold EDWARD LIFESCIENCES CORP ACTED AS AGENT 62.000 89.7426 5,563.91 3/10 3/15 Sold GILEAD SCIENCE ACTED AS AGENT 64.000 67.7975 4,338.94 3/10 3/15 Bought TIME WARNER INC NEW ACTED AS AGENT 24.000 98.6638 (2,367.93) 3/10 3/15 Bought REYNOLDS AMERICAN INC ACTED AS AGENT 22.000 60.6800 (1,334.96) 3/16 3/21 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 43.000 74.6629 (3,210.50) 3/30 4/4 Bought BROADCOM LTD SHS ACTED AS AGENT 21.000 222.5745 (4,674.06) 3/30 4/4 Bought NIKE INC B ACTED AS AGENT 48.000 55.9958 (2,687.80) 3/30 4/4 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 23.000 74.4798 (1,713.04) 3/30 4/4 Bought MICROSOFT CORP ACTED AS AGENT 21.000 65.8990 (1,383.88) 3/30 4/4 Bought AMPHENOL CORP NEW CL A ACTED AS AGENT 17.000 71.8963 (1,222.24) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $1,245.57 TOTAL PURCHASES $(18,594.41) TOTAL SALES AND REDEMPTIONS $19,839.98 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) 3/30 4/4 Bought AMPHENOL CORP NEW CL A UNSETTLED PURCHASE 17.000 $71.8963 $(1,222.24) 3/30 4/4 Bought BROADCOM LTD SHS UNSETTLED PURCHASE 21.000 222.5745 (4,674.06) 3/30 4/4 Bought MARSH & MCLENNAN COS INC UNSETTLED PURCHASE 23.000 74.4798 (1,713.04) 3/30 4/4 Bought MICROSOFT CORP UNSETTLED PURCHASE 21.000 65.8990 (1,383.88) 3/30 4/4 Bought NIKE INC B UNSETTLED PURCHASE 48.000 55.9958 (2,687.80) NET UNSETTLED PURCHASES/SALES $(11,681.02) 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) 3/8 Qualified Dividend UNITED PARCEL SER INC CL-B $126.99 3/9 Qualified Dividend MICROSOFT CORP 310.05 3/10 Qualified Dividend UNITED TECHNOLOGIES CORP 83.16 3/14 Qualified Dividend JOHNSON & JOHNSON 142.40 3/15 Qualified Dividend TIME WARNER INC NEW 143.69 3/15 Qualified Dividend HERSHEY COMPANY 93.94 3/23 Qualified Dividend HOME DEPOT INC 255.43 3/28 Qualified Dividend ALLERGAN PLC SHS 91.00 3/30 Qualified Dividend GILEAD SCIENCE 100.36 00 0 1 7 4 M S A D S 2 5 1 0 1 1 9 9 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 44 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/31 Qualified Dividend PEPSICO INC NC 197.16 3/31 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 99.20 3/31 Qualified Dividend BROADCOM LTD SHS 86.70 3/31 Qualified Dividend ROSS STORES INC 40.80 3/31 Interest Income MORGAN STANLEY BANK N.A. (Period 03/01-03/31) 0.31 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,771.19 TOTAL QUALIFIED DIVIDENDS $1,770.88 TOTAL INTEREST $0.31 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/1 Automatic Investment BANK DEPOSIT PROGRAM $2,916.84 3/8 Automatic Investment BANK DEPOSIT PROGRAM 126.99 3/9 Automatic Investment BANK DEPOSIT PROGRAM 310.05 3/10 Automatic Investment BANK DEPOSIT PROGRAM 15,584.20 3/14 Automatic Investment BANK DEPOSIT PROGRAM 142.40 3/15 Automatic Investment BANK DEPOSIT PROGRAM 237.63 3/16 Automatic Investment BANK DEPOSIT PROGRAM 636.05 3/21 Automatic Redemption BANK DEPOSIT PROGRAM (3,210.50) 3/23 Automatic Investment BANK DEPOSIT PROGRAM 255.43 3/28 Automatic Investment BANK DEPOSIT PROGRAM 91.00 3/30 Automatic Investment BANK DEPOSIT PROGRAM 100.36 3/31 Automatic Investment BANK DEPOSIT PROGRAM 423.86 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.31 NET ACTIVITY FOR PERIOD $17,614.62 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 EDWARD LIFESCIENCES CORP 02/17/16 03/06/17 62.000 $5,563.91 $5,301.47 $262.44 Long-Term This Period $5,563.91 $5,301.47 $262.44 Long-Term Year to Date $5,563.91 $5,301.47 $262.44 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 45 of 128 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments COGNIZANT TECH SOLUTIONS CL A 08/22/16 03/06/17 169.000 9,937.13 9,720.04 217.09 GILEAD SCIENCE 08/22/16 03/10/17 64.000 4,338.94 5,185.70 (846.76) Short-Term This Period $14,276.07 $14,905.74 $(629.67) Short-Term Year to Date $70,994.13 $69,700.78 $1,293.35 Net Realized Gain/(Loss) This Period $19,839.98 $20,207.21 $(367.23) Net Realized Gain/(Loss) Year to Date $76,558.04 $75,002.25 $1,555.79 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 December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 1 7 4 M S A D S 2 5 1 0 1 1 9 9 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 46 of 128 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 660-110029-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $2,425,047.79 $2,323,360.96 Normal Contributions —— Debits 176.24 (3,547.50) Security Transfers —— Net Credits/Debits/Transfers $176.24 $(3,547.50) Change in Value (17,040.62)88,369.95 TOTAL ENDING VALUE $2,408,183.41 $2,408,183.41 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 1 2 3 4 5 ($ ) 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 47 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $32,504.48 1.35 Equities 2,307,729.29 95.83 Alternatives 67,949.64 2.82 TOTAL VALUE $2,408,183.41 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 0 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 48 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $33,694.88 $36,365.30 Stocks 2,389,269.95 2,375,678.93 Net Unsettled Purchases/Sales 2,082.96 (3,860.82) Total Assets $2,425,047.79 $2,408,183.41 Total Liabilities (outstanding balance)—— TOTAL VALUE $2,425,047.79 $2,408,183.41 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $33,694.88 $45,267.52 Purchases (23,921.54)(78,644.64) Sales and Redemptions 11,861.91 52,962.15 Prior Net Unsettled Purch/Sales 2,082.96 N/A Net Unsettled Purch/Sales 3,860.82 3,860.82 Income and Distributions 8,610.03 16,466.95 Total Investment Related Activity $2,494.18 $(5,354.72) Other Debits 176.24 (3,547.50) Total Cash Related Activity $176.24 $(3,547.50) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $36,365.30 $36,365.30 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Qualified Dividends $8,492.82 $15,871.46 Other Dividends 116.92 594.66 Interest 0.29 0.83 Total Taxable Income And Distributions $8,610.03 $16,466.95 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $8,610.03 $16,466.95 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain $352.94 $1,107.43 $55,345.57 Short-Term (Loss)—(112.68)(9,665.46) Total Short-Term $352.94 $994.75 $45,680.11 Long-Term Gain 1,509.79 3,231.01 279,046.01 Long-Term (Loss)—(1,500.16)(29,557.67) Total Long-Term $1,509.79 $1,730.85 $249,488.34 TOTAL GAIN/(LOSS)$1,862.73 $2,725.60 $295,168.45 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 March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:JP Morgan - Equity Income SMA CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 49 of 128 † 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 #$36,365.30 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $36,365.30 $4.00 NET UNSETTLED PURCHASES/SALES $(3,860.82) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)1.35%$32,504.48 # 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 94.000 16.000 $157.130 155.644 $191.330 191.330 $14,770.22 2,490.31 $17,985.02 3,061.28 $3,214.80 570.97 LT LT Total 110.000 17,260.53 21,046.30 3,785.77 LT 517.00 2.45 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 1 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 50 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 06/2017; Asset Class: Equities ABBOTT LABORATORIES (ABT) 10/22/14 2/16/16 5/2/16 317.000 36.000 66.000 41.922 37.969 38.969 44.410 44.410 44.410 13,289.21 1,366.87 2,571.97 14,077.97 1,598.76 2,931.06 788.76 231.89 359.09 LT LT ST Total 419.000 17,228.05 18,607.79 1,020.65 359.09 LT ST 444.00 2.38 Next Dividend Payable 05/2017; Asset Class: Equities ABBVIE INC COM (ABBV) 4/6/15 59.000 57.769 65.160 3,408.37 3,844.44 436.07 LT 151.00 3.92 Next Dividend Payable 05/2017; Asset Class: Equities ACCENTURE PLC IRELAND CL A (ACN) 11/9/15 102.000 104.660 119.880 10,675.32 12,227.76 1,552.44 LT 247.00 2.01 Next Dividend Payable 05/2017; Asset Class: Equities ALEXANDRIA REAL ESTATE EQ INC (ARE) 11/9/15 53.000 86.271 110.520 4,572.37 5,857.56 1,285.19 LT R 176.00 3.00 Next Dividend Payable 04/17/17; Asset Class: Alt ALTRIA GROUP INC (MO) 11/9/15 2/16/16 382.000 78.000 56.930 60.300 71.420 71.420 21,747.45 4,703.40 27,282.44 5,570.76 5,534.99 867.36 LT LT Total 460.000 26,450.85 32,853.20 6,402.35 LT 1,122.00 3.41 Next Dividend Payable 04/10/17; Asset Class: Equities AMERIPRISE FINCL INC (AMP) 11/17/15 80.000 113.969 129.680 9,117.49 10,374.40 1,256.91 LT 240.00 2.31 Next Dividend Payable 05/2017; Asset Class: Equities ANALOG DEVICES INC (ADI) 11/9/15 3/2/17 278.000 96.000 60.769 83.547 81.950 81.950 16,893.70 8,020.49 22,782.10 7,867.20 5,888.40 (153.29) LT ST Total 374.000 24,914.19 30,649.30 5,888.40 (153.29) LT ST 673.00 2.19 Next Dividend Payable 06/2017; Asset Class: Equities APPLE INC (AAPL) 11/9/15 2/16/16 327.000 66.000 120.243 96.317 143.660 143.660 39,319.36 6,356.94 46,976.82 9,481.56 7,657.46 3,124.62 LT LT Total 393.000 45,676.30 56,458.38 10,782.08 LT 896.00 1.58 Next Dividend Payable 05/2017; Asset Class: Equities ARTHUR J GALLAGHER (AJG) 11/9/15 2/16/16 233.000 27.000 43.483 38.947 56.540 56.540 10,131.61 1,051.57 13,173.82 1,526.58 3,042.21 475.01 LT LT Total 260.000 11,183.18 14,700.40 3,517.22 LT 406.00 2.76 Next Dividend Payable 06/2017; Asset Class: Equities AUTOMATIC DATA PROCESSING INC (ADP) 11/9/15 2/16/16 150.000 14.000 86.393 83.874 102.390 102.390 12,958.94 1,174.23 15,358.50 1,433.46 2,399.56 259.23 LT LT Total 164.000 14,133.17 16,791.96 2,658.79 LT 374.00 2.22 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 51 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 04/01/17; Asset Class: Equities AVALONBAY COMM INC (AVB) 11/9/15 2/16/16 5/10/16 78.000 11.000 16.000 169.190 164.841 192.079 183.600 183.600 183.600 13,196.82 1,813.25 3,073.27 14,320.80 2,019.60 2,937.60 1,123.98 206.35 (135.67) LT LT ST Total 105.000 18,083.34 19,278.00 1,330.33 (135.67) LT ST 596.00 3.09 Next Dividend Payable 04/17/17; Asset Class: Alt BANK OF AMERICA CORP (BAC) 7/27/16 8/15/16 8/30/16 1,540.000 451.000 273.000 14.631 15.010 15.935 23.590 23.590 23.590 22,532.05 6,769.51 4,350.34 36,328.60 10,639.09 6,440.07 13,796.55 3,869.58 2,089.73 ST ST ST 11/4/16 671.000 16.695 23.590 11,202.35 15,828.89 4,626.54 ST 12/1/16 133.000 21.847 23.590 2,905.68 3,137.47 231.79 ST Total 3,068.000 47,759.93 72,374.12 24,614.19 ST 920.00 1.27 Next Dividend Payable 06/2017; Asset Class: Equities BB & T CORP (BBT) 10/22/14 1/6/15 12/2/15 77.000 451.000 49.000 36.349 36.810 38.459 44.700 44.700 44.700 2,798.86 16,601.17 1,884.48 3,441.90 20,159.70 2,190.30 643.04 3,558.53 305.82 LT LT LT 2/16/16 39.000 32.787 44.700 1,278.71 1,743.30 464.59 LT 12/9/16 126.000 46.725 44.700 5,887.34 5,632.20 (255.14)ST Total 742.000 28,450.56 33,167.40 4,971.98 (255.14) LT ST 890.00 2.68 Next Dividend Payable 06/2017; Asset Class: Equities BECTON DICKINSON & CO (BDX) 11/9/15 2/16/16 4/22/16 86.000 17.000 22.000 152.187 142.173 159.086 183.440 183.440 183.440 13,088.06 2,416.94 3,499.89 15,775.84 3,118.48 4,035.68 2,687.78 701.54 535.79 LT LT ST Total 125.000 19,004.89 22,930.00 3,389.32 535.79 LT ST 365.00 1.59 Next Dividend Payable 06/2017; Asset Class: Equities BEST BUY CO (BBY) 11/9/15 3/13/17 244.000 43.000 35.315 44.807 49.150 49.150 8,616.98 1,926.72 11,992.60 2,113.45 3,375.62 186.73 LT ST Total 287.000 10,543.70 14,106.05 3,375.62 186.73 LT ST 390.00 2.76 Next Dividend Payable 04/12/17; Asset Class: Equities BLACKROCK INC (BLK) 11/9/15 12/15/15 2/16/16 93.000 14.000 7.000 349.118 325.244 314.557 383.510 383.510 383.510 32,468.00 4,553.42 2,201.90 35,666.43 5,369.14 2,684.57 3,198.43 815.72 482.67 LT LT LT 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 2 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 52 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 4/22/16 11.000 368.615 383.510 4,054.77 4,218.61 163.84 ST Total 125.000 43,278.09 47,938.75 4,496.82 163.84 LT ST 1,250.00 2.60 Next Dividend Payable 06/2017; Asset Class: Equities BOSTON PROPERTIES INC (BXP) 2/16/16 3/11/16 25.000 47.000 109.950 120.097 132.410 132.410 2,748.74 5,644.58 3,310.25 6,223.27 561.51 578.69 LT LT Total 72.000 8,393.32 9,533.52 1,140.20 LT 216.00 2.26 Next Dividend Payable 04/28/17; Asset Class: Alt BRISTOL MYERS SQUIBB CO (BMY) 11/9/15 2/16/16 334.000 30.000 64.769 62.057 54.380 54.380 21,632.71 1,861.72 18,162.92 1,631.40 (3,469.79) (230.32) LT LT Total 364.000 23,494.43 19,794.32 (3,700.11)LT 568.00 2.86 Next Dividend Payable 05/2017; Asset Class: Equities CAPITAL ONE FINANCIAL CORP (COF) 1/16/15 7/28/15 2/23/16 89.000 66.000 79.000 76.305 78.973 65.879 86.660 86.660 86.660 6,791.15 5,212.20 5,204.43 7,712.74 5,719.56 6,846.14 921.59 507.36 1,641.71 LT LT LT 12/9/16 51.000 89.799 86.660 4,579.73 4,419.66 (160.07)ST Total 285.000 21,787.51 24,698.10 3,070.66 (160.07) LT ST 456.00 1.84 Next Dividend Payable 05/2017; Asset Class: Equities CHEVRON CORP (CVX) 11/9/15 2/16/16 4/13/16 262.000 97.000 44.000 92.422 84.320 97.547 107.370 107.370 107.370 24,214.49 8,179.04 4,292.05 28,130.94 10,414.89 4,724.28 3,916.45 2,235.85 432.23 LT LT ST 4/22/16 17.000 102.160 107.370 1,736.72 1,825.29 88.57 ST 11/1/16 57.000 106.339 107.370 6,061.33 6,120.09 58.76 ST 1/3/17 28.000 117.528 107.370 3,290.78 3,006.36 (284.42)ST 2/14/17 47.000 111.900 107.370 5,259.30 5,046.39 (212.91)ST 2/28/17 45.000 111.981 107.370 5,039.14 4,831.65 (207.49)ST Total 597.000 58,072.85 64,099.89 6,152.30 (125.26) LT ST 2,579.00 4.02 Next Dividend Payable 06/2017; Asset Class: Equities CHUBB LTD (CB) 11/9/15 2/16/16 124.000 15.000 112.204 115.673 136.250 136.250 13,913.31 1,735.10 16,895.00 2,043.75 2,981.69 308.65 LT LT Total 139.000 15,648.41 18,938.75 3,290.34 LT 384.00 2.02 Next Dividend Payable 04/21/17; Asset Class: Equities CINCINNATI FINANCIAL OHIO (CINF) 11/9/15 2/16/16 121.000 19.000 60.074 61.982 72.270 72.270 7,268.97 1,177.66 8,744.67 1,373.13 1,475.70 195.47 LT LT Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 53 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 140.000 8,446.63 10,117.80 1,671.17 LT 280.00 2.76 Next Dividend Payable 04/14/17; Asset Class: Equities CINEMARK HOLDINGS INC. (CNK) 11/9/15 3/13/17 229.000 31.000 36.954 43.954 44.340 44.340 8,462.40 1,362.56 10,153.86 1,374.54 1,691.46 11.98 LT ST Total 260.000 9,824.96 11,528.40 1,691.46 11.98 LT ST 302.00 2.61 Next Dividend Payable 06/2017; Asset Class: Equities CME GROUP INC (CME) 11/9/15 390.000 97.152 118.800 37,889.12 46,332.00 8,442.88 LT 1,030.00 2.22 Next Dividend Payable 06/2017; Asset Class: Equities CMS ENERGY CP (CMS) 11/9/15 2/16/16 362.000 70.000 34.269 38.860 44.740 44.740 12,405.34 2,720.23 16,195.88 3,131.80 3,790.54 411.57 LT LT Total 432.000 15,125.57 19,327.68 4,202.11 LT 575.00 2.97 Next Dividend Payable 05/2017; Asset Class: Equities COCA COLA CO (KO) 4/24/15 275.000 40.958 42.440 11,263.37 11,671.00 407.63 LT 407.00 3.48 Next Dividend Payable 04/03/17; Asset Class: Equities COMCAST CORP (NEW) CLASS A (CMCSA) 11/9/15 12/2/15 2/16/16 360.000 106.000 50.000 30.639 30.300 28.734 37.590 37.590 37.590 11,030.13 3,211.76 1,436.68 13,532.40 3,984.54 1,879.50 2,502.27 772.78 442.82 LT LT LT Total 516.000 15,678.57 19,396.44 3,717.87 LT 325.00 1.67 Next Dividend Payable 04/2017; Asset Class: Equities CONOCOPHILLIPS (COP) 11/9/15 4/26/16 5/10/16 458.000 6.000 73.000 54.731 47.398 42.162 49.870 49.870 49.870 25,066.57 284.39 3,077.81 22,840.46 299.22 3,640.51 (2,226.11) 14.83 562.70 LT ST ST 6/7/16 100.000 47.428 49.870 4,742.83 4,987.00 244.17 ST 6/22/16 95.000 44.080 49.870 4,187.58 4,737.65 550.07 ST 11/2/16 102.000 43.105 49.870 4,396.71 5,086.74 690.03 ST 11/9/16 75.000 45.773 49.870 3,432.97 3,740.25 307.28 ST 11/18/16 160.000 44.940 49.870 7,190.40 7,979.20 788.80 ST Total 1,069.000 52,379.26 53,311.03 (2,226.11) 3,157.88 LT ST 1,133.00 2.12 Next Dividend Payable 06/2017; Asset Class: Equities CULLEN FROST BANKERS INC (CFR) 11/17/15 140.000 69.508 88.970 9,731.12 12,455.80 2,724.68 LT 302.00 2.42 Next Dividend Payable 06/2017; Asset Class: Equities DISCOVER FINCL SVCS (DFS) 11/9/15 12/2/15 4/25/16 65.000 33.000 103.000 56.990 56.050 56.680 68.390 68.390 68.390 3,704.35 1,849.65 5,838.03 4,445.35 2,256.87 7,044.17 741.00 407.22 1,206.14 LT LT ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 3 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 54 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 12/9/16 70.000 72.040 68.390 5,042.80 4,787.30 (255.50)ST Total 271.000 16,434.83 18,533.69 1,148.22 950.64 LT ST 325.00 1.75 Next Dividend Payable 05/2017; Asset Class: Equities DOVER CORP (DOV) 9/29/16 11/1/16 11/10/16 80.000 49.000 31.000 71.701 66.690 71.550 80.350 80.350 80.350 5,736.06 3,267.81 2,218.05 6,428.00 3,937.15 2,490.85 691.94 669.34 272.80 ST ST ST 11/18/16 32.000 70.000 80.350 2,240.00 2,571.20 331.20 ST 2/2/17 35.000 77.571 80.350 2,714.99 2,812.25 97.26 ST Total 227.000 16,176.91 18,239.45 2,062.54 ST 400.00 2.19 Next Dividend Payable 06/2017; Asset Class: Equities DR PEPPER SNAPPLE GROUP INC (DPS) 11/9/15 2/16/16 3/31/17 169.000 27.000 48.000 85.736 91.919 97.943 97.920 97.920 97.920 14,489.33 2,481.81 4,701.25 16,548.48 2,643.84 4,700.16 2,059.15 162.03 (1.09) LT LT ST Total 244.000 21,672.39 23,892.48 2,221.18 (1.09) LT ST 566.00 2.36 Next Dividend Payable 04/05/17; Asset Class: Equities DTE ENERGY COMPANY (DTE) 11/9/15 40.000 79.210 102.110 3,168.40 4,084.40 916.00 LT 132.00 3.23 Next Dividend Payable 04/15/17; Asset Class: Equities DU PONT EI DE NEMOURS & CO (DD) 11/9/15 12/2/15 2/16/16 137.000 43.000 20.000 66.550 67.279 58.788 80.330 80.330 80.330 9,117.35 2,892.98 1,175.76 11,005.21 3,454.19 1,606.60 1,887.86 561.21 430.84 LT LT LT Total 200.000 13,186.09 16,066.00 2,879.91 LT 304.00 1.89 Next Dividend Payable 06/2017; Asset Class: Equities EDISON INTERNATIONAL (EIX) 11/9/15 2/16/16 234.000 45.000 59.158 61.827 79.610 79.610 13,843.07 2,782.22 18,628.74 3,582.45 4,785.67 800.23 LT LT Total 279.000 16,625.29 22,211.19 5,585.90 LT 605.00 2.72 Next Dividend Payable 04/30/17; Asset Class: Equities ELI LILLY & CO (LLY) 11/9/15 12/2/15 2/16/16 145.000 27.000 20.000 79.241 84.716 73.052 84.110 84.110 84.110 11,490.02 2,287.33 1,461.04 12,195.95 2,270.97 1,682.20 705.93 (16.36) 221.16 LT LT LT 5/17/16 34.000 76.509 84.110 2,601.30 2,859.74 258.44 ST Total 226.000 17,839.69 19,008.86 910.73 258.44 LT ST 470.00 2.47 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 55 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXXON MOBIL CORP (XOM) 11/9/15 2/16/16 513.000 84.000 82.058 81.082 82.010 82.010 42,095.71 6,810.88 42,071.13 6,888.84 (24.58) 77.96 LT LT Total 597.000 48,906.59 48,959.97 53.38 LT 1,791.00 3.65 Next Dividend Payable 06/2017; Asset Class: Equities FIDELITY NATL INFORMATION SE (FIS) 11/9/15 2/16/16 221.000 28.000 66.206 58.557 79.620 79.620 14,631.55 1,639.60 17,596.02 2,229.36 2,964.47 589.76 LT LT Total 249.000 16,271.15 19,825.38 3,554.23 LT 289.00 1.45 Next Dividend Payable 06/2017; Asset Class: Equities GENL DYNAMICS CORP (GD) 12/15/15 2/16/16 5/2/16 27.000 60.000 19.000 138.700 131.015 142.396 187.200 187.200 187.200 3,744.90 7,860.90 2,705.52 5,054.40 11,232.00 3,556.80 1,309.50 3,371.10 851.28 LT LT ST 7/1/16 32.000 141.083 187.200 4,514.66 5,990.40 1,475.74 ST 9/16/16 30.000 151.111 187.200 4,533.32 5,616.00 1,082.68 ST 11/18/16 13.000 166.955 187.200 2,170.41 2,433.60 263.19 ST Total 181.000 25,529.71 33,883.20 4,680.60 3,672.89 LT ST 608.00 1.79 Next Dividend Payable 05/2017; Asset Class: Equities GENUINE PARTS CO (GPC) 11/9/15 2/16/16 5/2/16 154.000 15.000 34.000 88.604 90.635 96.439 92.410 92.410 92.410 13,645.09 1,359.52 3,278.93 14,231.14 1,386.15 3,141.94 586.05 26.63 (136.99) LT LT ST 11/1/16 25.000 88.972 92.410 2,224.29 2,310.25 85.96 ST 11/18/16 25.000 94.179 92.410 2,354.47 2,310.25 (44.22)ST 11/30/16 26.000 96.832 92.410 2,517.62 2,402.66 (114.96)ST Total 279.000 25,379.92 25,782.39 612.68 (210.21) LT ST 753.00 2.92 Next Dividend Payable 04/03/17; Asset Class: Equities GILEAD SCIENCE (GILD) 2/16/16 5/17/16 7/20/16 69.000 26.000 41.000 90.730 83.513 86.953 67.920 67.920 67.920 6,260.40 2,171.35 3,565.07 4,686.48 1,765.92 2,784.72 (1,573.92) (405.43) (780.35) LT ST ST Total 136.000 11,996.82 9,237.12 (1,573.92) (1,185.78) LT ST 283.00 3.06 Next Dividend Payable 06/2017; Asset Class: Equities HARTFORD FIN SERS GRP INC (HIG) 11/9/15 2/16/16 1/3/17 635.000 78.000 67.000 46.785 41.159 47.738 48.070 48.070 48.070 29,708.16 3,210.39 3,198.45 30,524.45 3,749.46 3,220.69 816.29 539.07 22.24 LT LT ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 4 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 56 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 780.000 36,117.00 37,494.60 1,355.36 22.24 LT ST 718.00 1.91 Next Dividend Payable 04/03/17; Asset Class: Equities HCP INCORPORATED (HCP) 11/9/15 12/2/15 8/3/16 87.000 55.000 174.000 28.611 31.271 35.512 31.280 31.280 31.280 2,489.18 1,719.92 6,179.01 2,721.36 1,720.40 5,442.72 232.18 0.48 (736.29) LT LT ST R R R Total 316.000 10,388.11 9,884.48 232.66 (736.29) LT ST 468.00 4.73 Next Dividend Payable 06/2017; Asset Class: Alt HOME DEPOT INC (HD) 11/9/15 2/16/16 5/2/16 212.000 18.000 22.000 124.061 119.501 135.500 146.830 146.830 146.830 26,301.00 2,151.01 2,981.01 31,127.96 2,642.94 3,230.26 4,826.96 491.93 249.25 LT LT ST 12/13/16 38.000 136.217 146.830 5,176.25 5,579.54 403.29 ST Total 290.000 36,609.27 42,580.70 5,318.89 652.54 LT ST 1,032.00 2.42 Next Dividend Payable 06/2017; Asset Class: Equities HONEYWELL INTERNATIONAL INC (HON) 11/9/15 2/16/16 4/22/16 231.000 22.000 30.000 101.819 104.144 112.641 124.870 124.870 124.870 23,520.08 2,291.17 3,379.23 28,844.97 2,747.14 3,746.10 5,324.89 455.97 366.87 LT LT ST 9/16/16 26.000 113.462 124.870 2,950.00 3,246.62 296.62 ST 10/5/16 18.000 115.189 124.870 2,073.41 2,247.66 174.25 ST 11/1/16 20.000 109.239 124.870 2,184.78 2,497.40 312.62 ST 11/10/16 21.000 113.500 124.870 2,383.50 2,622.27 238.77 ST Total 368.000 38,782.17 45,952.16 5,780.86 1,389.13 LT ST 979.00 2.13 Next Dividend Payable 06/2017; Asset Class: Equities ILL TOOL WORKS INC (ITW) 11/9/15 2/16/16 275.000 32.000 91.119 93.097 132.470 132.470 25,057.72 2,979.10 36,429.25 4,239.04 11,371.53 1,259.94 LT LT Total 307.000 28,036.82 40,668.29 12,631.47 LT 798.00 1.96 Next Dividend Payable 04/11/17; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 2/16/16 6/30/16 34.000 17.000 107.500 124.169 132.530 132.530 3,655.00 2,110.88 4,506.02 2,253.01 851.02 142.13 LT ST Total 51.000 5,765.88 6,759.03 851.02 142.13 LT ST 131.00 1.93 Next Dividend Payable 04/07/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 57 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % JOHNSON & JOHNSON (JNJ) 11/9/15 2/16/16 1/3/17 428.000 52.000 26.000 100.780 102.294 115.840 124.550 124.550 124.550 43,134.05 5,319.31 3,011.84 53,307.40 6,476.60 3,238.30 10,173.35 1,157.29 226.46 LT LT ST Total 506.000 51,465.20 63,022.30 11,330.64 226.46 LT ST 1,619.00 2.56 Next Dividend Payable 06/2017; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 11/9/15 11/16/15 12/2/15 63.000 47.000 27.000 117.761 119.094 119.967 131.630 131.630 131.630 7,418.97 5,597.40 3,239.11 8,292.69 6,186.61 3,554.01 873.72 589.21 314.90 LT LT LT 2/16/16 16.000 128.298 131.630 2,052.77 2,106.08 53.31 LT 5/2/16 14.000 125.899 131.630 1,762.58 1,842.82 80.24 ST Total 167.000 20,070.83 21,982.21 1,831.14 80.24 LT ST 648.00 2.94 Next Dividend Payable 04/04/17; Asset Class: Equities KLA TENCOR CORP (KLAC) 11/9/15 2/16/16 214.000 25.000 66.847 65.048 95.070 95.070 14,305.28 1,626.19 20,344.98 2,376.75 6,039.70 750.56 LT LT Total 239.000 15,931.47 22,721.73 6,790.26 LT 516.00 2.27 Next Dividend Payable 06/2017; Asset Class: Equities KRAFT HEINZ CO (KHC) 11/9/15 11/4/16 2/14/17 60.000 53.000 53.000 68.627 83.562 90.140 90.810 90.810 90.810 4,117.64 4,428.79 4,777.42 5,448.60 4,812.93 4,812.93 1,330.96 384.14 35.51 LT ST ST R R 3/31/17 43.000 90.912 90.810 3,909.22 3,904.83 (4.39)ST Total 209.000 17,233.07 18,979.29 1,330.96 415.26 LT ST 502.00 2.64 Next Dividend Payable 06/2017; Asset Class: Equities L BRANDS INC COM (LB) 11/9/15 2/16/16 4/28/16 186.000 22.000 77.000 93.679 82.768 79.153 47.100 47.100 47.100 17,424.26 1,820.90 6,094.76 8,760.60 1,036.20 3,626.70 (8,663.66) (784.70) (2,468.06) LT LT ST 11/1/16 34.000 65.864 47.100 2,239.39 1,601.40 (637.99)ST Total 319.000 27,579.31 15,024.90 (9,448.36) (3,106.05) LT ST 766.00 5.09 Next Dividend Payable 06/2017; Asset Class: Equities M&T BANK CORP (MTB) 2/18/16 126.000 105.995 154.730 13,355.42 19,495.98 6,140.56 LT 378.00 1.93 Next Dividend Payable 06/2017; Asset Class: Equities MERCK & CO INC NEW COM (MRK) 11/9/15 2/16/16 639.000 66.000 54.145 49.967 63.540 63.540 34,598.40 3,297.84 40,602.06 4,193.64 6,003.66 895.80 LT LT 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 5 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 58 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 705.000 37,896.24 44,795.70 6,899.46 LT 1,325.00 2.95 Next Dividend Payable 04/07/17; Asset Class: Equities METLIFE INCORPORATED (MET) 3/26/15 12/2/15 2/16/16 420.000 42.000 36.000 50.812 50.830 38.167 52.820 52.820 52.820 21,341.17 2,134.86 1,374.01 22,184.40 2,218.44 1,901.52 843.23 83.58 527.51 LT LT LT 4/26/16 149.000 46.574 52.820 6,939.56 7,870.18 930.62 ST 8/3/16 160.000 43.474 52.820 6,955.86 8,451.20 1,495.34 ST Total 807.000 38,745.46 42,625.74 1,454.32 2,425.96 LT ST 1,291.00 3.02 Next Dividend Payable 06/2017; Asset Class: Equities MICROSOFT CORP (MSFT) 11/9/15 2/16/16 3/11/16 452.000 48.000 129.000 53.859 50.847 52.916 65.860 65.860 65.860 24,344.36 2,440.67 6,826.14 29,768.72 3,161.28 8,495.94 5,424.36 720.61 1,669.80 LT LT LT 4/22/16 78.000 51.277 65.860 3,999.62 5,137.08 1,137.46 ST Total 707.000 37,610.79 46,563.02 7,814.77 1,137.46 LT ST 1,103.00 2.36 Next Dividend Payable 06/2017; Asset Class: Equities MOLSON COORS BREWING CO CL B (TAP) 2/16/16 3/11/16 6/9/16 56.000 56.000 41.000 85.084 91.748 102.969 95.710 95.710 95.710 4,764.73 5,137.89 4,221.72 5,359.76 5,359.76 3,924.11 595.03 221.87 (297.61) LT LT ST Total 153.000 14,124.34 14,643.63 816.90 (297.61) LT ST 251.00 1.71 Next Dividend Payable 06/2017; Asset Class: Equities MONDELEZ INTL INC COM (MDLZ) 11/9/15 12/2/15 2/16/16 336.000 78.000 26.000 43.587 43.576 38.477 43.080 43.080 43.080 14,645.27 3,398.89 1,000.41 14,474.88 3,360.24 1,120.08 (170.39) (38.65) 119.67 LT LT LT R R R 5/2/16 62.000 43.590 43.080 2,702.61 2,670.96 (31.65)ST R Total 502.000 21,747.18 21,626.16 (89.37) (31.65) LT ST 382.00 1.76 Next Dividend Payable 04/13/17; Asset Class: Equities NEXTERA ENERGY INC (NEE) 11/9/15 2/16/16 90.000 53.000 98.693 111.972 128.370 128.370 8,882.37 5,934.49 11,553.30 6,803.61 2,670.93 869.12 LT LT Total 143.000 14,816.86 18,356.91 3,540.05 LT 562.00 3.06 Next Dividend Payable 06/2017; Asset Class: Equities NISOURCE INC (NI) 11/9/15 2/16/16 498.000 71.000 18.870 21.180 23.790 23.790 9,397.26 1,503.78 11,847.42 1,689.09 2,450.16 185.31 LT LT Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 59 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 569.000 10,901.04 13,536.51 2,635.47 LT 398.00 2.94 Next Dividend Payable 05/2017; Asset Class: Equities NORFOLK SOUTHERN CORP (NSC) 9/28/15 11/16/15 43.000 107.000 75.028 87.720 111.970 111.970 3,226.20 9,386.04 4,814.71 11,980.79 1,588.51 2,594.75 LT LT Total 150.000 12,612.24 16,795.50 4,183.26 LT 366.00 2.17 Next Dividend Payable 06/2017; Asset Class: Equities NORTHERN TRUST CORP (NTRS) 11/9/15 2/16/16 242.000 21.000 73.857 58.690 86.580 86.580 17,873.37 1,232.49 20,952.36 1,818.18 3,078.99 585.69 LT LT Total 263.000 19,105.86 22,770.54 3,664.68 LT 400.00 1.75 Next Dividend Payable 04/01/17; Asset Class: Equities OCCIDENTAL PETROLEUM CORP DE (OXY) 11/9/15 11/16/15 2/16/16 438.000 73.000 60.000 75.174 74.307 67.715 63.360 63.360 63.360 32,926.40 5,424.38 4,062.89 27,751.68 4,625.28 3,801.60 (5,174.72) (799.10) (261.29) LT LT LT 5/2/16 38.000 76.220 63.360 2,896.37 2,407.68 (488.69)ST 11/18/16 39.000 68.690 63.360 2,678.91 2,471.04 (207.87)ST 2/2/17 43.000 68.830 63.360 2,959.69 2,724.48 (235.21)ST Total 691.000 50,948.64 43,781.76 (6,235.11) (931.77) LT ST 2,101.00 4.79 Next Dividend Payable 04/14/17; Asset Class: Equities PEPSICO INC NC (PEP) 2/16/16 3/11/16 1/23/17 60.000 62.000 36.000 98.470 101.232 103.767 111.860 111.860 111.860 5,908.20 6,276.38 3,735.61 6,711.60 6,935.32 4,026.96 803.40 658.94 291.35 LT LT ST Total 158.000 15,920.19 17,673.88 1,462.34 291.35 LT ST 476.00 2.69 Next Dividend Payable 06/2017; Asset Class: Equities PFIZER INC (PFE) 11/27/15 2/16/16 4/22/16 1,076.000 145.000 91.000 32.760 29.655 33.359 34.210 34.210 34.210 35,249.76 4,300.02 3,035.67 36,809.96 4,960.45 3,113.11 1,560.20 660.43 77.44 LT LT ST Total 1,312.000 42,585.45 44,883.52 2,220.63 77.44 LT ST 1,679.00 3.74 Next Dividend Payable 06/2017; Asset Class: Equities PHILIP MORRIS INTL INC (PM) 11/9/15 2/16/16 114.000 24.000 85.028 89.898 112.900 112.900 9,693.23 2,157.54 12,870.60 2,709.60 3,177.37 552.06 LT LT Total 138.000 11,850.77 15,580.20 3,729.43 LT 574.00 3.68 Next Dividend Payable 04/11/17; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 60 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PNC FINL SVCS GP (PNC) 11/9/15 2/16/16 1/3/17 417.000 34.000 52.000 94.170 84.041 117.692 120.240 120.240 120.240 39,268.89 2,857.39 6,119.97 50,140.08 4,088.16 6,252.48 10,871.19 1,230.77 132.51 LT LT ST Total 503.000 48,246.25 60,480.72 12,101.96 132.51 LT ST 1,107.00 1.83 Next Dividend Payable 05/2017; Asset Class: Equities PPG INDUSTRIES INC (PPG) 11/9/15 12/2/15 2/16/16 101.000 27.000 41.000 101.538 105.605 93.488 105.080 105.080 105.080 10,255.36 2,851.34 3,833.01 10,613.08 2,837.16 4,308.28 357.72 (14.18) 475.27 LT LT LT 8/2/16 29.000 103.710 105.080 3,007.58 3,047.32 39.74 ST Total 198.000 19,947.29 20,805.84 818.81 39.74 LT ST 317.00 1.52 Next Dividend Payable 06/2017; Asset Class: Equities PRAXAIR INC (PX) 11/18/15 12/2/15 2/16/16 40.000 15.000 11.000 114.306 110.562 104.072 118.600 118.600 118.600 4,572.26 1,658.43 1,144.79 4,744.00 1,779.00 1,304.60 171.74 120.57 159.81 LT LT LT 5/2/16 25.000 118.124 118.600 2,953.11 2,965.00 11.89 ST 7/1/16 40.000 113.226 118.600 4,529.05 4,744.00 214.95 ST Total 131.000 14,857.64 15,536.60 452.12 226.84 LT ST 413.00 2.65 Next Dividend Payable 06/2017; Asset Class: Equities PROCTER & GAMBLE (PG) 11/9/15 2/16/16 44.000 30.000 75.300 81.277 89.850 89.850 3,313.20 2,438.32 3,953.40 2,695.50 640.20 257.18 LT LT Total 74.000 5,751.52 6,648.90 897.38 LT 198.00 2.97 Next Dividend Payable 05/2017; Asset Class: Equities PROGRESSIVE CORP OHIO (PGR) 11/9/15 3/13/17 210.000 23.000 31.398 39.600 39.180 39.180 6,593.64 910.80 8,227.80 901.14 1,634.16 (9.66) LT ST Total 233.000 7,504.44 9,128.94 1,634.16 (9.66) LT ST 159.00 1.74 Next Dividend Payable 02/2018; Asset Class: Equities PRUDENTIAL FINANCIAL INC (PRU) 11/9/15 2/16/16 6/30/16 181.000 16.000 43.000 85.905 63.569 69.758 106.680 106.680 106.680 15,548.82 1,017.10 2,999.60 19,309.08 1,706.88 4,587.24 3,760.26 689.78 1,587.64 LT LT ST Total 240.000 19,565.52 25,603.20 4,450.04 1,587.64 LT ST 720.00 2.81 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 61 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % QUALCOMM INC (QCOM) 9/8/15 1/23/17 201.000 96.000 55.087 55.558 57.340 57.340 11,072.43 5,333.54 11,525.34 5,504.64 452.91 171.10 LT ST Total 297.000 16,405.97 17,029.98 452.91 171.10 LT ST 630.00 3.69 Next Dividend Payable 06/2017; Asset Class: Equities R P M INC (RPM) 11/9/15 12/2/15 119.000 39.000 45.561 47.277 55.030 55.030 5,421.74 1,843.82 6,548.57 2,146.17 1,126.83 302.35 LT LT Total 158.000 7,265.56 8,694.74 1,429.18 LT 190.00 2.18 Next Dividend Payable 04/2017; Asset Class: Equities REPUBLIC SERVICES INC (RSG) 11/9/15 2/16/16 4/26/16 297.000 30.000 119.000 43.578 45.157 45.927 62.810 62.810 62.810 12,942.81 1,354.71 5,465.28 18,654.57 1,884.30 7,474.39 5,711.76 529.59 2,009.11 LT LT ST 9/16/16 44.000 50.060 62.810 2,202.62 2,763.64 561.02 ST 10/5/16 46.000 50.082 62.810 2,303.78 2,889.26 585.48 ST Total 536.000 24,269.20 33,666.16 6,241.35 3,155.61 LT ST 686.00 2.03 Next Dividend Payable 04/17/17; Asset Class: Equities REYNOLDS AMERICAN INC (RAI) 4/28/16 8/3/16 12/1/16 84.000 87.000 2.000 49.186 49.204 53.787 63.020 63.020 63.020 4,131.65 4,280.74 107.57 5,293.68 5,482.74 126.04 1,162.03 1,202.00 18.47 ST ST ST Total 173.000 8,519.96 10,902.46 2,382.50 ST 353.00 3.23 Next Dividend Payable 04/03/17; Asset Class: Equities S&P GLOBAL INC COM (SPGI) 11/9/15 2/16/16 36.000 11.000 96.094 87.584 130.740 130.740 3,459.38 963.42 4,706.64 1,438.14 1,247.26 474.72 LT LT Total 47.000 4,422.80 6,144.78 1,721.98 LT 77.00 1.25 Next Dividend Payable 06/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 11/9/15 12/22/15 5/10/16 94.000 57.000 60.000 78.020 69.491 73.758 78.100 78.100 78.100 7,333.88 3,960.96 4,425.46 7,341.40 4,451.70 4,686.00 7.52 490.74 260.54 LT LT ST 8/30/16 38.000 81.296 78.100 3,089.24 2,967.80 (121.44)ST 11/7/16 85.000 79.150 78.100 6,727.75 6,638.50 (89.25)ST Total 334.000 25,537.29 26,085.40 498.26 49.85 LT ST 668.00 2.56 Next Dividend Payable 04/17/17; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 7 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 62 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SIMON PPTY GROUP INC (SPG) 11/9/15 2/16/16 5/13/16 103.000 13.000 20.000 190.056 185.824 196.291 172.030 172.030 172.030 19,575.76 2,415.71 3,925.81 17,719.09 2,236.39 3,440.60 (1,856.67) (179.32) (485.21) LT LT ST Total 136.000 25,917.28 23,396.08 (2,035.99) (485.21) LT ST 904.00 3.86 Next Dividend Payable 05/2017; Asset Class: Alt SNAP-ON INC (SNA) 11/9/15 30.000 169.053 168.670 5,071.58 5,060.10 (11.48)LT 85.00 1.67 Next Dividend Payable 06/2017; Asset Class: Equities STANLEY BLACK & DECKER INC (SWK) 2/16/16 2/23/16 11/1/16 59.000 35.000 18.000 92.966 93.440 113.557 132.870 132.870 132.870 5,485.00 3,270.40 2,044.03 7,839.33 4,650.45 2,391.66 2,354.33 1,380.05 347.63 LT LT ST Total 112.000 10,799.43 14,881.44 3,734.38 347.63 LT ST 260.00 1.74 Next Dividend Payable 06/2017; Asset Class: Equities T ROWE PRICE GROUP INC (TROW) 11/17/15 306.000 75.381 68.150 23,066.68 20,853.90 (2,212.78)LT 698.00 3.34 Next Dividend Payable 06/2017; Asset Class: Equities TEXAS INSTRUMENTS (TXN) 11/9/15 2/16/16 5/2/16 394.000 34.000 49.000 57.029 52.670 57.720 80.560 80.560 80.560 22,469.47 1,790.78 2,828.28 31,740.64 2,739.04 3,947.44 9,271.17 948.26 1,119.16 LT LT ST Total 477.000 27,088.53 38,427.12 10,219.43 1,119.16 LT ST 954.00 2.48 Next Dividend Payable 05/2017; Asset Class: Equities TIFFANY & COMPANY NEW (TIF) 11/9/15 113.000 79.957 95.300 9,035.18 10,768.90 1,733.72 LT 203.00 1.88 Next Dividend Payable 04/10/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 11/9/15 161.000 68.505 97.710 11,029.30 15,731.31 4,702.01 LT 259.00 1.64 Next Dividend Payable 06/2017; Asset Class: Equities TRAVELERS COMPANIES INC COM (TRV) 11/9/15 12/2/15 2/16/16 304.000 25.000 34.000 112.610 114.880 107.191 120.540 120.540 120.540 34,233.41 2,872.00 3,644.51 36,644.16 3,013.50 4,098.36 2,410.75 141.50 453.85 LT LT LT Total 363.000 40,749.92 43,756.02 3,006.10 LT 973.00 2.22 Next Dividend Payable 06/2017; Asset Class: Equities U S BANCORP COM NEW (USB) 11/9/15 2/16/16 1/3/17 451.000 39.000 80.000 43.112 40.427 51.265 51.500 51.500 51.500 19,443.69 1,576.65 4,101.18 23,226.50 2,008.50 4,120.00 3,782.81 431.85 18.82 LT LT ST Total 570.000 25,121.52 29,355.00 4,214.66 18.82 LT ST 638.00 2.17 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 63 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 04/17/17; Asset Class: Equities UNION PACIFIC CORP (UNP) 11/9/15 11/18/16 12/1/16 152.000 23.000 35.000 86.780 99.917 103.535 105.920 105.920 105.920 13,190.56 2,298.10 3,623.71 16,099.84 2,436.16 3,707.20 2,909.28 138.06 83.49 LT ST ST 3/1/17 28.000 110.375 105.920 3,090.50 2,965.76 (124.74)ST Total 238.000 22,202.87 25,208.96 2,909.28 96.81 LT ST 576.00 2.28 Next Dividend Payable 06/2017; Asset Class: Equities V F CORPORATION (VFC) 11/9/15 2/16/16 5/2/16 109.000 83.000 51.000 67.261 60.010 63.687 54.970 54.970 54.970 7,331.46 4,980.83 3,248.04 5,991.73 4,562.51 2,803.47 (1,339.73) (418.32) (444.57) LT LT ST Total 243.000 15,560.33 13,357.71 (1,758.05) (444.57) LT ST 408.00 3.05 Next Dividend Payable 06/2017; Asset Class: Equities VALERO ENERGY CP DELA NEW (VLO) 2/16/16 6/6/16 8/3/16 98.000 37.000 80.000 56.700 54.480 54.554 66.290 66.290 66.290 5,556.60 2,015.76 4,364.31 6,496.42 2,452.73 5,303.20 939.82 436.97 938.89 LT ST ST 11/30/16 40.000 62.110 66.290 2,484.38 2,651.60 167.22 ST 2/2/17 38.000 65.630 66.290 2,493.94 2,519.02 25.08 ST Total 293.000 16,914.99 19,422.97 939.82 1,568.16 LT ST 820.00 4.22 Next Dividend Payable 06/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/9/15 100.000 45.163 56.390 4,516.26 5,639.00 1,122.74 LT 152.00 2.69 Next Dividend Payable 06/2017; Asset Class: Equities VERIZON COMMUNICATIONS (VZ) 10/22/14 1/7/15 2/16/16 109.000 451.000 67.000 48.511 46.194 50.117 48.750 48.750 48.750 5,287.72 20,833.31 3,357.85 5,313.75 21,986.25 3,266.25 26.03 1,152.94 (91.60) LT LT LT 5/2/16 55.000 51.210 48.750 2,816.55 2,681.25 (135.30)ST 2/2/17 56.000 47.987 48.750 2,687.25 2,730.00 42.75 ST Total 738.000 34,982.68 35,977.50 1,087.37 (92.55) LT ST 1,705.00 4.73 Next Dividend Payable 05/2017; Asset Class: Equities WELLS FARGO & CO NEW (WFC) 11/9/15 2/16/16 4/22/16 1,082.000 155.000 61.000 55.310 48.336 50.555 55.660 55.660 55.660 59,845.53 7,492.02 3,083.87 60,224.12 8,627.30 3,395.26 378.59 1,135.28 311.39 LT LT ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 64 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 1,298.000 70,421.42 72,246.68 1,513.87 311.39 LT ST 1,973.00 2.73 Next Dividend Payable 06/2017; Asset Class: Equities WESTROCK CO COM (WRK) 11/9/15 90.000 46.464 52.030 4,181.76 4,682.70 500.94 LT 144.00 3.07 Next Dividend Payable 05/2017; Asset Class: Equities WYNDHAM WORLDWIDE CORP (WYN) 11/9/15 12/2/15 113.000 26.000 80.528 76.296 84.290 84.290 9,099.61 1,983.69 9,524.77 2,191.54 425.16 207.85 LT LT Total 139.000 11,083.30 11,716.31 633.01 LT 322.00 2.74 Next Dividend Payable 06/2017; Asset Class: Equities XCEL ENERGY INC (XEL) 11/9/15 2/16/16 436.000 62.000 34.903 38.607 44.450 44.450 15,217.53 2,393.63 19,380.20 2,755.90 4,162.67 362.27 LT LT Total 498.000 17,611.16 22,136.10 4,524.94 LT 717.00 3.23 Next Dividend Payable 04/20/17; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 98.65%$2,080,510.48 $2,375,678.93 $249,488.34 $45,680.11 LT ST $61,512.00 2.59% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $2,080,510.48 $2,408,183.41 $249,488.34 $45,680.11 LT ST $61,516.00 $0.00 2.55% TOTAL VALUE (includes accrued interest)100.00%$2,408,183.41 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 $32,504.48 —————— Stocks —$2,307,729.29 —$67,949.64 ——— TOTAL ALLOCATION OF ASSETS $32,504.48 $2,307,729.29 —$67,949.64 ——— Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 65 of 128 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/1 3/6 Sold REYNOLDS AMERICAN INC ACTED AS AGENT 44.000 $61.8100 $2,719.58 3/1 3/6 Bought UNION PACIFIC CORP ACTED AS AGENT 28.000 110.3750 (3,090.50) 3/2 3/7 Sold TIFFANY & COMPANY NEW ACTED AS AGENT 49.000 89.6485 4,392.68 3/2 3/7 Bought ANALOG DEVICES INC ACTED AS AGENT 96.000 83.5468 (8,020.49) 3/13 3/16 Bought BEST BUY CO ACTED AS AGENT 43.000 44.8075 (1,926.72) 3/13 3/16 Bought CINEMARK HOLDINGS INC.ACTED AS AGENT 31.000 43.9535 (1,362.56) 3/13 3/16 Bought PROGRESSIVE CORP OHIO ACTED AS AGENT 23.000 39.5999 (910.80) 3/31 4/5 Sold KIMBERLY CLARK CORP ACTED AS AGENT 18.000 131.9504 2,375.05 3/31 4/5 Sold ALTRIA GROUP INC ACTED AS AGENT 33.000 71.9594 2,374.60 3/31 4/5 Bought DR PEPPER SNAPPLE GROUP INC ACTED AS AGENT 48.000 97.9427 (4,701.25) 3/31 4/5 Bought KRAFT HEINZ CO ACTED AS AGENT 43.000 90.9122 (3,909.22) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(12,059.63) TOTAL PURCHASES $(23,921.54) TOTAL SALES AND REDEMPTIONS $11,861.91 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) 3/31 4/5 Sold ALTRIA GROUP INC UNSETTLED SALE 33.000 $71.9594 $2,374.60 3/31 4/5 Sold KIMBERLY CLARK CORP UNSETTLED SALE 18.000 131.9504 2,375.05 3/31 4/5 Bought DR PEPPER SNAPPLE GROUP INC UNSETTLED PURCHASE 48.000 97.9427 (4,701.25) 3/31 4/5 Bought KRAFT HEINZ CO UNSETTLED PURCHASE 43.000 90.9122 (3,909.22) NET UNSETTLED PURCHASES/SALES $(3,860.82) 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) 3/1 Qualified Dividend WELLS FARGO & CO NEW $538.84 3/1 Qualified Dividend PFIZER INC 419.84 3/1 Qualified Dividend CONOCOPHILLIPS 283.29 3/1 Qualified Dividend BB & T CORP 222.60 3/1 Qualified Dividend KLA TENCOR CORP 129.06 3/2 Dividend HCP INCORPORATED 116.92 3/3 Qualified Dividend L BRANDS INC COM 191.40 3/7 Qualified Dividend VALERO ENERGY CP DELA NEW 205.10 3/7 Qualified Dividend ANALOG DEVICES INC 125.10 3/8 Qualified Dividend UNITED PARCEL SER INC CL-B 55.61 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 0 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 66 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/9 Qualified Dividend MICROSOFT CORP 275.73 3/10 Qualified Dividend CHEVRON CORP 545.40 3/10 Qualified Dividend EXXON MOBIL CORP 507.00 3/10 Qualified Dividend HONEYWELL INTERNATIONAL INC 244.72 3/10 Qualified Dividend ELI LILLY & CO 117.52 3/10 Qualified Dividend NORFOLK SOUTHERN CORP 91.50 3/10 Qualified Dividend PPG INDUSTRIES INC 79.20 3/10 Qualified Dividend SNAP-ON INC 21.30 3/10 Qualified Dividend S&P GLOBAL INC COM 19.27 3/13 Qualified Dividend METLIFE INCORPORATED 322.80 3/13 Qualified Dividend 3M COMPANY 129.25 3/14 Qualified Dividend JOHNSON & JOHNSON 404.80 3/14 Qualified Dividend DU PONT EI DE NEMOURS & CO 76.00 3/15 Qualified Dividend NEXTERA ENERGY INC 140.50 3/15 Qualified Dividend PRAXAIR INC 103.16 3/15 Qualified Dividend DOVER CORP 99.88 3/15 Qualified Dividend CULLEN FROST BANKERS INC 75.60 3/15 Qualified Dividend TIME WARNER INC NEW 64.80 3/15 Qualified Dividend MOLSON COORS BREWING CO CL B 62.73 3/16 Qualified Dividend PRUDENTIAL FINANCIAL INC 180.00 3/17 Qualified Dividend ARTHUR J GALLAGHER 101.40 3/17 Qualified Dividend KRAFT HEINZ CO 99.60 3/20 Qualified Dividend V F CORPORATION 102.06 3/20 Qualified Dividend CINEMARK HOLDINGS INC.66.41 3/21 Qualified Dividend STANLEY BLACK & DECKER INC 64.96 3/22 Qualified Dividend QUALCOMM INC 157.41 3/23 Qualified Dividend BLACKROCK INC 312.50 3/23 Qualified Dividend HOME DEPOT INC 258.10 3/27 Qualified Dividend CME GROUP INC 257.40 3/30 Qualified Dividend T ROWE PRICE GROUP INC 174.42 3/30 Qualified Dividend WYNDHAM WORLDWIDE CORP 80.62 3/30 Qualified Dividend GILEAD SCIENCE 70.72 3/31 Qualified Dividend TRAVELERS COMPANIES INC COM 243.21 3/31 Qualified Dividend BANK OF AMERICA CORP 230.10 3/31 Qualified Dividend UNION PACIFIC CORP 127.05 3/31 Qualified Dividend PEPSICO INC NC 118.90 3/31 Qualified Dividend M&T BANK CORP 94.50 3/31 Qualified Dividend BECTON DICKINSON & CO 91.25 3/31 Qualified Dividend FIDELITY NATL INFORMATION SE 72.21 3/31 Qualified Dividend VALIDUS HOLDINGS LTD COM 38.00 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/01-03/31) 0.29 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $8,610.03 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 67 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) TOTAL QUALIFIED DIVIDENDS $8,492.82 TOTAL OTHER DIVIDENDS $116.92 TOTAL INTEREST $0.29 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 3/8 Service Fee Adj ADVISORY FEE REBATE $3,723.74 3/8 Service Fee ADVISORY FEE REBATE (2,772.11) 3/16 Service Fee ADVISORY INCEPTION FEE (775.39) TOTAL OTHER CREDITS AND DEBITS $176.24 TOTAL OTHER DEBITS $176.24 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/1 Automatic Investment BANK DEPOSIT PROGRAM $1,593.63 3/2 Automatic Investment BANK DEPOSIT PROGRAM 116.92 3/3 Automatic Investment BANK DEPOSIT PROGRAM 191.40 3/6 Automatic Investment BANK DEPOSIT PROGRAM 1,712.04 3/7 Automatic Redemption BANK DEPOSIT PROGRAM (3,297.61) 3/8 Automatic Investment BANK DEPOSIT PROGRAM 55.61 3/9 Automatic Investment BANK DEPOSIT PROGRAM 1,227.36 3/10 Automatic Investment BANK DEPOSIT PROGRAM 1,625.91 3/13 Automatic Investment BANK DEPOSIT PROGRAM 452.05 3/14 Automatic Investment BANK DEPOSIT PROGRAM 480.80 3/15 Automatic Investment BANK DEPOSIT PROGRAM 546.67 3/16 Automatic Redemption BANK DEPOSIT PROGRAM (4,020.08) 3/17 Automatic Redemption BANK DEPOSIT PROGRAM (574.39) 3/20 Automatic Investment BANK DEPOSIT PROGRAM 168.47 3/21 Automatic Investment BANK DEPOSIT PROGRAM 64.96 3/22 Automatic Investment BANK DEPOSIT PROGRAM 157.41 3/23 Automatic Investment BANK DEPOSIT PROGRAM 570.60 3/27 Automatic Investment BANK DEPOSIT PROGRAM 257.40 3/30 Automatic Investment BANK DEPOSIT PROGRAM 325.76 3/31 Automatic Investment BANK DEPOSIT PROGRAM 1,015.22 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.29 NET ACTIVITY FOR PERIOD $2,670.42 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 0 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 68 of 128 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 ALTRIA GROUP INC 11/09/15 03/31/17 33.000 $2,374.60 $1,878.71 $495.89 KIMBERLY CLARK CORP 11/09/15 03/31/17 18.000 2,375.05 2,119.70 255.35 TIFFANY & COMPANY NEW 11/09/15 03/02/17 32.000 2,868.69 2,558.63 310.06 02/16/16 03/02/17 17.000 1,523.99 1,075.50 448.49 Long-Term This Period $9,142.33 $7,632.54 $1,509.79 Long-Term Year to Date $40,301.98 $38,571.13 $1,730.85 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments REYNOLDS AMERICAN INC 12/01/16 03/01/17 44.000 2,719.58 2,366.64 352.94 Short-Term This Period $2,719.58 $2,366.64 $352.94 Short-Term Year to Date $12,660.17 $11,665.42 $994.75 Net Realized Gain/(Loss) This Period $11,861.91 $9,999.18 $1,862.73 Net Realized Gain/(Loss) Year to Date $52,962.15 $50,236.55 $2,725.60 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 December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 69 of 128 Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 1 This page intentionally left blank Page 70 of 128 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110134-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $1,570,057.28 $1,526,578.62 Normal Contributions —— Debits 20.32 (2,426.39) Security Transfers —— Net Credits/Debits/Transfers $20.32 $(2,426.39) Change in Value (13,538.61)32,386.76 TOTAL ENDING VALUE $1,556,538.99 $1,556,538.99 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 1 2 3 4 5 ($ ) 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 71 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds Alternatives Market Value Percentage Cash $50,711.32 3.26 Equities 1,396,062.89 89.69 Fixed Income & Preferreds 9,072.36 0.58 Alternatives 100,692.42 6.47 TOTAL VALUE $1,556,538.99 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 2 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 72 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $57,728.96 $50,856.41 Stocks 1,503,062.82 1,496,755.31 ETFs & CEFs 9,265.50 9,072.36 Net Unsettled Purchases/Sales —(145.09) Total Assets $1,570,057.28 $1,556,538.99 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,570,057.28 $1,556,538.99 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $57,728.96 $83,290.74 Purchases (96,629.26)(157,868.33) Sales and Redemptions 87,501.93 122,000.19 Net Unsettled Purch/Sales 145.09 145.09 Income and Distributions 2,089.37 5,715.11 Total Investment Related Activity $(6,892.87)$(30,007.94) Other Debits 20.32 (2,426.39) Total Cash Related Activity $20.32 $(2,426.39) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $50,856.41 $50,856.41 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Qualified Dividends $1,778.19 $3,540.31 Other Dividends 310.74 2,173.41 Interest 0.44 1.39 Total Taxable Income And Distributions $2,089.37 $5,715.11 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $2,089.37 $5,715.11 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain $454.27 $5,458.21 $53,925.70 Short-Term (Loss)——(11,001.60) Total Short-Term $454.27 $5,458.21 $42,924.10 Long-Term Gain 18,375.62 19,919.55 227,338.98 Long-Term (Loss)(3,835.48)(3,835.48)(47,370.01) Total Long-Term $14,540.14 $16,084.07 $179,968.97 TOTAL GAIN/(LOSS)$14,994.41 $21,542.28 $222,893.07 Disallowed Loss $833.52 $833.52 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 March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Boston Partners - Smid Cap Value CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 73 of 128 † 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 #$50,856.41 —$5.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $50,856.41 $5.00 NET UNSETTLED PURCHASES/SALES $(145.09) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)3.26%$50,711.32 # 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 % ABM INDUSTRIES INCORPORATED (ABM) 11/10/15 2/22/16 98.000 41.000 $28.575 31.774 $43.600 43.600 $2,800.36 1,302.75 $4,272.80 1,787.60 $1,472.44 484.85 LT LT Total 139.000 4,103.11 6,060.40 1,957.29 LT 95.00 1.56 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 3 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 74 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 05/2017; Asset Class: Equities AECOM (ACM) 11/10/15 2/22/16 110.000 126.000 30.858 26.720 35.590 35.590 3,394.33 3,366.72 3,914.90 4,484.34 520.57 1,117.62 LT LT Total 236.000 6,761.05 8,399.24 1,638.19 LT —— Asset Class: Equities AEGION CORP COM (AEGN) 11/10/15 168.000 21.384 22.910 3,592.50 3,848.88 256.38 LT —— Asset Class: Equities AES CORP (AES) 11/10/15 2/22/16 569.000 68.000 9.664 9.446 11.180 11.180 5,498.87 642.33 6,361.42 760.24 862.55 117.91 LT LT R R Total 637.000 6,141.20 7,121.66 980.46 LT 306.00 4.29 Next Dividend Payable 05/2017; Asset Class: Equities AGNC INVT CORP COM (AGNC) 11/10/15 2/22/16 3/13/17 213.000 28.000 37.000 17.420 17.718 19.260 19.890 19.890 19.890 3,710.40 496.10 712.62 4,236.57 556.92 735.93 526.17 60.82 23.31 LT LT ST R R Total 278.000 4,919.12 5,529.42 586.99 23.31 LT ST 600.00 10.85 Next Dividend Payable 04/07/17; Asset Class: Alt AIR LEASE CORP CL A (AL) 10/28/15 10/28/15 11/6/15 24.000 65.000 92.000 33.674 33.454 34.982 38.750 38.750 38.750 808.18 2,174.50 3,218.35 930.00 2,518.75 3,565.00 121.82 344.25 346.65 LT LT LT 2/22/16 249.000 28.390 38.750 7,069.11 9,648.75 2,579.64 LT 6/24/16 216.000 26.235 38.750 5,666.80 8,370.00 2,703.20 ST 7/21/16 1.000 29.740 38.750 29.74 38.75 9.01 ST 1/11/17 24.000 35.980 38.750 863.52 930.00 66.48 ST Total 671.000 19,830.20 26,001.25 3,392.36 2,778.69 LT ST 201.00 0.77 Next Dividend Payable 04/07/17; Asset Class: Equities ALLY FINANCIAL INC (ALLY) 12/4/15 2/22/16 400.000 38.000 19.907 17.487 20.330 20.330 7,962.96 664.51 8,132.00 772.54 169.04 108.03 LT LT Total 438.000 8,627.47 8,904.54 277.07 LT 140.00 1.57 Next Dividend Payable 05/2017; Asset Class: Equities AMDOCS LIMITED ORD (DOX) 11/10/15 2/22/16 174.000 20.000 60.001 58.927 60.990 60.990 10,440.26 1,178.54 10,612.26 1,219.80 172.00 41.26 LT LT Total 194.000 11,618.80 11,832.06 213.26 LT 171.00 1.44 Next Dividend Payable 04/14/17; Asset Class: Equities ANWORTH MORTGAGE ASSET CORP (ANH) 11/10/15 457.000 4.700 5.550 2,147.90 2,536.35 388.45 LT 274.00 10.80 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 75 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 04/28/17; Asset Class: Alt ARES COMMERCIAL REAL EST CORP (ACRE) 11/10/15 2/22/16 635.000 76.000 12.639 9.709 13.380 13.380 8,025.64 737.85 8,496.30 1,016.88 470.66 279.03 LT LT Total 711.000 8,763.49 9,513.18 749.69 LT 768.00 8.07 Next Dividend Payable 04/17/17; Asset Class: Alt ARROW ELECTRONICS (ARW) 11/10/15 2/22/16 7/21/16 281.000 31.000 18.000 58.614 57.181 65.955 73.410 73.410 73.410 16,470.42 1,772.62 1,187.19 20,628.21 2,275.71 1,321.38 4,157.79 503.09 134.19 LT LT ST Total 330.000 19,430.23 24,225.30 4,660.88 134.19 LT ST —— Asset Class: Equities ASSURANT INC (AIZ) 11/10/15 2/22/16 41.000 5.000 84.225 70.632 95.670 95.670 3,453.24 353.16 3,922.47 478.35 469.23 125.19 LT LT Total 46.000 3,806.40 4,400.82 594.42 LT 98.00 2.22 Next Dividend Payable 06/2017; Asset Class: Equities ASSURED GUARANTY LTD (AGO) 11/10/15 2/22/16 1/11/17 246.000 30.000 34.000 28.557 24.197 39.330 37.110 37.110 37.110 7,025.02 725.92 1,337.22 9,129.06 1,113.30 1,261.74 2,104.04 387.38 (75.48) LT LT ST Total 310.000 9,088.16 11,504.10 2,491.42 (75.48) LT ST 177.00 1.53 Next Dividend Payable 06/2017; Asset Class: Equities ATHENE HOLDING LTD CLASS A (ATH) 3/29/17 93.000 49.679 49.990 4,620.12 4,649.07 28.95 ST —— Asset Class: Equities AVNET INC (AVT) 11/10/15 2/22/16 1/11/17 321.000 35.000 30.000 45.701 41.647 46.840 45.760 45.760 45.760 14,669.96 1,457.66 1,405.21 14,688.96 1,601.60 1,372.80 19.00 143.94 (32.41) LT LT ST Total 386.000 17,532.83 17,663.36 162.94 (32.41) LT ST 278.00 1.57 Next Dividend Payable 06/2017; Asset Class: Equities AXIS CAPITAL HOLDINGS LTD (AXS) 11/10/15 2/22/16 186.000 28.000 55.520 53.607 67.030 67.030 10,326.72 1,500.99 12,467.58 1,876.84 2,140.86 375.85 LT LT Total 214.000 11,827.71 14,344.42 2,516.71 LT 325.00 2.26 Next Dividend Payable 04/17/17; Asset Class: Equities BANKUNITED INC (BKU) 3/28/17 297.000 36.271 37.310 10,772.46 11,081.07 308.61 ST 249.00 2.24 Next Dividend Payable 04/2017; Asset Class: Equities BELDEN INC (BDC) 11/10/15 49.000 63.248 69.190 3,099.15 3,390.31 291.16 LT 10.00 0.29 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 4 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 76 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 04/05/17; Asset Class: Equities BERRY PLASTICS GROUP INC (BERY) 2/22/16 363.000 30.150 48.570 10,944.45 17,630.91 6,686.46 LT —— Asset Class: Equities BLACKSTONE MTG TRUST INC CL A (BXMT) 9/21/16 3/13/17 138.000 15.000 29.515 30.107 30.960 30.960 4,073.01 451.60 4,272.48 464.40 199.47 12.80 ST ST Total 153.000 4,524.61 4,736.88 212.27 ST 379.00 8.00 Next Dividend Payable 04/17/17; Asset Class: Alt BMC STK HLDGS INC (BMCH) 11/10/15 2/22/16 5/20/16 379.000 44.000 96.000 17.137 14.715 18.057 22.600 22.600 22.600 6,495.07 647.44 1,733.44 8,565.40 994.40 2,169.60 2,070.33 346.96 436.16 LT LT ST Total 519.000 8,875.95 11,729.40 2,417.29 436.16 LT ST —— Asset Class: Equities BOOZ ALLEN HAMILTON HLDG CL-A (BAH) 11/10/15 2/22/16 114.000 18.000 29.155 27.187 35.390 35.390 3,323.68 489.37 4,034.46 637.02 710.78 147.65 LT LT Total 132.000 3,813.05 4,671.48 858.43 LT 90.00 1.92 Next Dividend Payable 05/2017; Asset Class: Equities BRISTOW GROUP INC (BRS) 11/10/15 11/10/15 12/1/15 8.000 50.000 263.000 30.350 30.736 30.967 15.210 15.210 15.210 242.80 1,536.78 8,144.24 121.68 760.50 4,000.23 (121.12) (776.28) (4,144.01) LT LT LT H 2/22/16 13.000 15.377 15.210 199.90 197.73 (2.17)LT Total 334.000 10,123.72 5,080.14 (5,043.58)LT 94.00 1.85 Next Dividend Payable 06/2017; Basis Adjustment Due to Wash Sale: $833.52; Asset Class: Equities BROCADE COMMUN SYSTEMS INC (BRCD) 11/10/15 2/22/16 716.000 75.000 10.728 9.810 12.480 12.480 7,681.53 735.75 8,935.68 936.00 1,254.15 200.25 LT LT Total 791.000 8,417.28 9,871.68 1,454.40 LT 174.00 1.76 Next Dividend Payable 04/04/17; Asset Class: Equities BROOKS-AUTOMATION INC (BRKS) 11/10/15 2/22/16 317.000 45.000 11.258 9.310 22.400 22.400 3,568.85 418.95 7,100.80 1,008.00 3,531.95 589.05 LT LT Total 362.000 3,987.80 8,108.80 4,121.00 LT 145.00 1.78 Next Dividend Payable 06/2017; Asset Class: Equities BRUNSWICK CORP (BC) 10/28/16 94.000 43.116 61.200 4,052.89 5,752.80 1,699.91 ST 62.00 1.07 Next Dividend Payable 06/2017; Asset Class: Equities CABOT CORP (CBT) 11/10/15 81.000 41.164 59.910 3,334.26 4,852.71 1,518.45 LT 97.00 1.99 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 77 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CDW CORPORATION (CDW) 11/10/15 2/22/16 1/11/17 261.000 32.000 24.000 42.590 38.900 53.042 57.710 57.710 57.710 11,115.99 1,244.80 1,273.00 15,062.31 1,846.72 1,385.04 3,946.32 601.92 112.04 LT LT ST Total 317.000 13,633.79 18,294.07 4,548.24 112.04 LT ST 203.00 1.10 Next Dividend Payable 06/2017; Asset Class: Equities CHATHAM LODGING TRUST COM (CLDT) 11/10/15 2/22/16 342.000 38.000 22.452 20.813 19.750 19.750 7,678.47 790.91 6,754.50 750.50 (923.97) (40.41) LT LT R R Total 380.000 8,469.38 7,505.00 (964.38)LT 502.00 6.68 Next Dividend Payable 04/2017; Asset Class: Alt CHEMED CORPORATION (CHE) 11/10/15 2/22/16 1/11/17 96.000 11.000 8.000 153.059 128.620 163.136 182.690 182.690 182.690 14,693.62 1,414.82 1,305.09 17,538.24 2,009.59 1,461.52 2,844.62 594.77 156.43 LT LT ST Total 115.000 17,413.53 21,009.35 3,439.39 156.43 LT ST 120.00 0.57 Next Dividend Payable 06/2017; Asset Class: Equities CLUBCORP HLDGS INC (MYCC) 12/7/15 2/22/16 9/2/16 330.000 36.000 575.000 17.476 10.797 15.044 16.050 16.050 16.050 5,767.01 388.70 8,650.30 5,296.50 577.80 9,228.75 (470.51) 189.10 578.45 LT LT ST Total 941.000 14,806.01 15,103.05 (281.41) 578.45 LT ST 489.00 3.23 Next Dividend Payable 04/2017; Asset Class: Equities COHERENT INC (COHR) 11/10/15 2/22/16 1/11/17 89.000 9.000 11.000 63.180 83.541 142.927 205.640 205.640 205.640 5,623.01 751.87 1,572.20 18,301.96 1,850.76 2,262.04 12,678.95 1,098.89 689.84 LT LT ST Total 109.000 7,947.08 22,414.76 13,777.84 689.84 LT ST —— Asset Class: Equities COLONY NORTHSTAR INC (CLNS) 11/10/15 2/22/16 4/29/16 593.000 69.000 88.000 14.552 11.156 11.967 12.910 12.910 12.910 8,629.29 769.73 1,053.10 7,655.63 890.79 1,136.08 (973.66) 121.06 82.98 LT LT ST Total 750.000 10,452.12 9,682.50 (852.60) 82.98 LT ST 810.00 8.36 Next Dividend Payable 04/17/17; Asset Class: Alt COLUMBIA BANKING SYSTEMS INC (COLB) 11/10/15 2/22/16 86.000 11.000 35.365 28.650 38.990 38.990 3,041.43 315.15 3,353.14 428.89 311.71 113.74 LT LT 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 5 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 78 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 97.000 3,356.58 3,782.03 425.45 LT 85.00 2.24 Next Dividend Payable 05/2017; Asset Class: Equities COMMSCOPE HOLDING COMPANY INC (COMM) 9/16/16 11/11/16 223.000 94.000 30.384 33.030 41.710 41.710 6,775.63 3,104.85 9,301.33 3,920.74 2,525.70 815.89 ST ST Total 317.000 9,880.48 13,222.07 3,341.59 ST —— Asset Class: Equities CONVERGYS CORPORATION (CVG) 11/10/15 2/22/16 158.000 19.000 25.777 24.877 21.150 21.150 4,072.69 472.67 3,341.70 401.85 (730.99) (70.82) LT LT Total 177.000 4,545.36 3,743.55 (801.81)LT 64.00 1.70 Next Dividend Payable 04/07/17; Asset Class: Equities CROWN HLDGS INC (HOLDING CO) (CCK) 11/10/15 2/22/16 4/29/16 41.000 27.000 6.000 51.933 45.775 53.030 52.950 52.950 52.950 2,129.27 1,235.93 318.18 2,170.95 1,429.65 317.70 41.68 193.72 (0.48) LT LT ST Total 74.000 3,683.38 3,918.30 235.40 (0.48) LT ST —— Asset Class: Equities CUBIC CORP (CUB) 11/10/15 95.000 44.318 52.800 4,210.19 5,016.00 805.81 LT 26.00 0.51 Next Dividend Payable 09/2017; Asset Class: Equities CURTISS WRIGHT CORP (CW) 11/10/15 2/22/16 24.000 56.000 68.210 66.786 91.260 91.260 1,637.04 3,740.02 2,190.24 5,110.56 553.20 1,370.54 LT LT Total 80.000 5,377.06 7,300.80 1,923.74 LT 42.00 0.57 Next Dividend Payable 04/13/17; Asset Class: Equities CYS INVESTMENTS INC (CYS) 11/10/15 2/22/16 1,495.000 175.000 7.222 7.411 7.950 7.950 10,797.50 1,296.91 11,885.25 1,391.25 1,087.75 94.34 LT LT R R Total 1,670.000 12,094.41 13,276.50 1,182.09 LT 1,670.00 12.57 Next Dividend Payable 04/12/17; Asset Class: Alt DIAMONDBACK ENERGY INC (FANG) 5/8/15 5/8/15 5/12/15 21.000 4.000 14.000 75.998 76.406 78.721 103.715 103.715 103.715 1,595.96 305.63 1,102.10 2,178.01 414.85 1,452.00 582.05 109.22 349.90 LT LT LT 5/12/15 23.000 79.474 103.715 1,827.90 2,385.44 557.54 LT 5/12/15 23.000 79.459 103.715 1,827.56 2,385.44 557.88 LT 12/2/15 67.000 76.425 103.715 5,120.49 6,948.90 1,828.41 LT 2/22/16 18.000 73.410 103.715 1,321.38 1,866.86 545.48 LT 1/11/17 13.000 103.078 103.715 1,340.01 1,348.29 8.28 ST Total 183.000 14,441.03 18,979.84 4,530.48 8.28 LT ST —— Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 79 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities DICKS SPORTING GOODS INC (DKS) 3/7/17 99.000 47.810 48.660 4,733.19 4,817.34 84.15 ST 67.00 1.39 Next Dividend Payable 06/2017; Asset Class: Equities DRILL-QUIP INC (DRQ) 12/15/15 2/22/16 54.000 7.000 59.994 52.246 54.550 54.550 3,239.70 365.72 2,945.70 381.85 (294.00) 16.13 LT LT Total 61.000 3,605.42 3,327.55 (277.87)LT —— Asset Class: Equities E*TRADE FINANCIAL CORP NEW COM (ETFC) 10/19/16 2/9/17 143.000 205.000 28.624 35.880 34.890 34.890 4,093.20 7,355.40 4,989.27 7,152.45 896.07 (202.95) ST ST Total 348.000 11,448.60 12,141.72 693.12 ST —— Asset Class: Equities EAST WEST BANCORP (EWBC) 2/22/16 9/21/16 175.000 123.000 29.860 35.957 51.610 51.610 5,225.50 4,422.71 9,031.75 6,348.03 3,806.25 1,925.32 LT ST Total 298.000 9,648.21 15,379.78 3,806.25 1,925.32 LT ST 238.00 1.54 Next Dividend Payable 05/2017; Asset Class: Equities ENERSYS (ENS) 11/10/15 2/22/16 3/14/17 91.000 16.000 46.000 64.216 47.821 75.543 78.940 78.940 78.940 5,843.67 765.14 3,474.98 7,183.54 1,263.04 3,631.24 1,339.87 497.90 156.26 LT LT ST Total 153.000 10,083.79 12,077.82 1,837.77 156.26 LT ST 107.00 0.88 Next Dividend Payable 06/2017; Asset Class: Equities ENVISION HEALTHCARE CORP (EVHC) 11/10/15 2/22/16 96.000 11.000 84.892 70.585 61.320 61.320 8,149.66 776.43 5,886.72 674.52 (2,262.94) (101.91) LT LT Total 107.000 8,926.09 6,561.24 (2,364.85)LT —— Asset Class: Equities ESSENT GROUP LTD COM (ESNT) 11/10/15 2/22/16 4/29/16 283.000 25.000 45.000 24.534 19.405 20.019 36.170 36.170 36.170 6,943.01 485.13 900.87 10,236.11 904.25 1,627.65 3,293.10 419.12 726.78 LT LT ST Total 353.000 8,329.01 12,768.01 3,712.22 726.78 LT ST —— Asset Class: Equities EXPRESS INC (EXPR) 11/10/15 358.000 19.098 9.110 6,837.16 3,261.38 (3,575.78)LT —— Asset Class: Equities EXTRACTION OIL & GAS LLC (XOG) 1/11/17 81.000 18.990 18.550 1,538.19 1,502.55 (35.64)ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 80 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % FCB FINL HLDGS INC CL A (FCB) 9/23/16 9/26/16 106.000 43.000 39.299 38.331 49.550 49.550 4,165.70 1,648.23 5,252.30 2,130.65 1,086.60 482.42 ST ST Total 149.000 5,813.93 7,382.95 1,569.02 ST —— Asset Class: Equities FERRO CORP (FOE) 6/17/16 265.000 14.505 15.190 3,843.77 4,025.35 181.58 ST —— Asset Class: Equities FERROGLOBE PLC SHS (GSM) 11/10/15 2/22/16 192.000 5.000 11.070 7.558 10.330 10.330 2,125.44 37.79 1,983.36 51.65 (142.08) 13.86 LT LT Total 197.000 2,163.23 2,035.01 (128.22)LT 63.00 3.09 Asset Class: Equities FIDELITY NATIONAL FINANCIAL IN (FNF) 11/10/15 124.000 34.750 38.940 4,309.00 4,828.56 519.56 LT 124.00 2.56 Next Dividend Payable 06/2017; Asset Class: Equities FIDELITY NATIONAL FINL INC (FNFV) 11/10/15 2/22/16 95.000 7.000 11.150 9.910 13.250 13.250 1,059.25 69.37 1,258.75 92.75 199.50 23.38 LT LT Total 102.000 1,128.62 1,351.50 222.88 LT —— Asset Class: Equities FINISH LINE INC CL A (FINL) 11/10/15 2/22/16 362.000 37.000 18.426 18.677 14.230 14.230 6,670.25 691.06 5,151.26 526.51 (1,518.99) (164.55) LT LT Total 399.000 7,361.31 5,677.77 (1,683.54)LT 176.00 3.09 Next Dividend Payable 06/2017; Asset Class: Equities FIRST AMERICAN FINL CORP (FAF) 11/10/15 2/22/16 7.000 152.000 38.095 37.350 39.280 39.280 266.67 5,677.20 274.96 5,970.56 8.29 293.36 LT LT Total 159.000 5,943.87 6,245.52 301.65 LT 216.00 3.45 Next Dividend Payable 06/2017; Asset Class: Equities FIRST CITIZ BANCSHARES A (FCNCA) 11/10/15 2/22/16 1/11/17 17.000 2.000 4.000 262.660 239.715 358.000 335.370 335.370 335.370 4,465.22 479.43 1,432.00 5,701.29 670.74 1,341.48 1,236.07 191.31 (90.52) LT LT ST Total 23.000 6,376.65 7,713.51 1,427.38 (90.52) LT ST 28.00 0.36 Next Dividend Payable 04/04/17; Asset Class: Equities FIRST MIDW BNCP DELA (FMBI) 3/28/17 199.000 23.156 23.680 4,608.12 4,712.32 104.20 ST 72.00 1.52 Next Dividend Payable 04/11/17; Asset Class: Equities FIRST SOLAR, INC. (FSLR) 9/15/16 3/13/17 115.000 14.000 35.184 32.490 27.100 27.100 4,046.11 454.86 3,116.50 379.40 (929.61) (75.46) ST ST Total 129.000 4,500.97 3,495.90 (1,005.07)ST —— Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 81 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities FIRSTCASH INC (FCFS) 11/10/15 2/22/16 3/7/17 181.000 21.000 86.000 39.054 40.991 43.800 49.150 49.150 49.150 7,068.85 860.82 3,766.80 8,896.15 1,032.15 4,226.90 1,827.30 171.33 460.10 LT LT ST 3/30/17 35.000 47.874 49.150 1,675.60 1,720.25 44.65 ST Total 323.000 13,372.07 15,875.45 1,998.63 504.75 LT ST 245.00 1.54 Next Dividend Payable 05/2017; Asset Class: Equities FLEXTRONICS INTL LTD (FLEX) 11/10/15 2/22/16 1/11/17 807.000 91.000 95.000 11.547 10.700 14.576 16.800 16.800 16.800 9,318.59 973.70 1,384.73 13,557.60 1,528.80 1,596.00 4,239.01 555.10 211.27 LT LT ST Total 993.000 11,677.02 16,682.40 4,794.11 211.27 LT ST —— Asset Class: Equities FTD COS INC COM (FTD) 11/10/15 2/22/16 171.000 24.000 25.097 24.156 20.140 20.140 4,291.59 579.75 3,443.94 483.36 (847.65) (96.39) LT LT Total 195.000 4,871.34 3,927.30 (944.04)LT —— Asset Class: Equities FTI CONSULTING INC (FCN) 11/10/15 2/22/16 90.000 11.000 36.200 34.572 41.170 41.170 3,258.00 380.29 3,705.30 452.87 447.30 72.58 LT LT Total 101.000 3,638.29 4,158.17 519.88 LT —— Asset Class: Equities GRANITE CONSTR INC (GVA) 11/10/15 2/22/16 102.000 20.000 38.008 39.125 50.190 50.190 3,876.85 782.49 5,119.38 1,003.80 1,242.53 221.31 LT LT Total 122.000 4,659.34 6,123.18 1,463.84 LT 63.00 1.02 Next Dividend Payable 04/14/17; Asset Class: Equities GRAPHIC PACKAGING HOLDING CO (GPK) 11/10/15 2/22/16 677.000 353.000 13.672 11.535 12.870 12.870 9,256.15 4,071.86 8,712.99 4,543.11 (543.16) 471.25 LT LT Total 1,030.000 13,328.01 13,256.10 (71.91)LT 309.00 2.33 Next Dividend Payable 04/05/17; Asset Class: Equities GROUP I AUTOMOTIVE INC (GPI) 11/10/15 2/22/16 59.000 7.000 85.275 53.011 74.080 74.080 5,031.25 371.08 4,370.72 518.56 (660.53) 147.48 LT LT Total 66.000 5,402.33 4,889.28 (513.05)LT 63.00 1.28 Next Dividend Payable 06/2017; Asset Class: Equities GULFPORT ENERGY CORP NEW (GPOR) 9/30/16 247.000 27.976 17.190 6,910.00 4,245.93 (2,664.07)ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 7 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 82 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % HANMI FINANCIAL CORP NEW (HAFC) 8/29/16 9/21/16 159.000 47.000 26.158 26.286 30.750 30.750 4,159.20 1,235.44 4,889.25 1,445.25 730.05 209.81 ST ST Total 206.000 5,394.64 6,334.50 939.86 ST 157.00 2.47 Next Dividend Payable 05/2017; Asset Class: Equities HANOVER INSURANCE GROUP INC (THG) 11/10/15 2/22/16 3/14/17 51.000 7.000 112.000 85.732 83.996 90.750 90.060 90.060 90.060 4,372.34 587.97 10,163.97 4,593.06 630.42 10,086.72 220.72 42.45 (77.25) LT LT ST Total 170.000 15,124.28 15,310.20 263.17 (77.25) LT ST 340.00 2.22 Next Dividend Payable 06/2017; Asset Class: Equities HEIDRICK & STRUGGLES INTL INC (HSII) 11/10/15 2/22/16 3/13/17 174.000 27.000 22.000 28.869 22.853 24.685 26.350 26.350 26.350 5,023.26 617.04 543.07 4,584.90 711.45 579.70 (438.36) 94.41 36.63 LT LT ST Total 223.000 6,183.37 5,876.05 (343.95) 36.63 LT ST 116.00 1.97 Next Dividend Payable 05/2017; Asset Class: Equities HILLENBRAND INC (HI) 11/10/15 128.000 30.455 35.850 3,898.19 4,588.80 690.61 LT 105.00 2.28 Next Dividend Payable 06/2017; Asset Class: Equities HUNTINGTON INGALLS INDUSTRIES (HII) 11/10/15 2/22/16 7/21/16 18.000 11.000 8.000 127.644 134.625 168.720 200.240 200.240 200.240 2,297.59 1,480.87 1,349.76 3,604.32 2,202.64 1,601.92 1,306.73 721.77 252.16 LT LT ST Total 37.000 5,128.22 7,408.88 2,028.50 252.16 LT ST 89.00 1.20 Next Dividend Payable 06/2017; Asset Class: Equities IAC INTERACTIVECORP COM (IAC) 11/10/15 2/22/16 85.000 76.000 65.260 45.430 73.720 73.720 5,547.10 3,452.68 6,266.20 5,602.72 719.10 2,150.04 LT LT Total 161.000 8,999.78 11,868.92 2,869.14 LT —— Asset Class: Equities ICON PLC (ICLR) 11/10/15 2/22/16 6/24/16 28.000 23.000 110.000 69.835 69.313 67.399 79.720 79.720 79.720 1,955.37 1,594.21 7,413.84 2,232.16 1,833.56 8,769.20 276.79 239.35 1,355.36 LT LT ST Total 161.000 10,963.42 12,834.92 516.14 1,355.36 LT ST —— Asset Class: Equities INFINITY PPTY & CASUALTY (IPCC) 11/10/15 2/22/16 39.000 5.000 81.726 80.672 95.500 95.500 3,187.33 403.36 3,724.50 477.50 537.17 74.14 LT LT Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 83 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 44.000 3,590.69 4,202.00 611.31 LT 102.00 2.42 Next Dividend Payable 06/2017; Asset Class: Equities INSIGHT ENTERPRISES INC (NSIT) 11/10/15 103.000 26.693 41.090 2,749.39 4,232.27 1,482.88 LT —— Asset Class: Equities INTEGRA LIFESCIENCES CRP NEW (IART) 11/10/15 2/22/16 70.000 32.000 31.902 29.200 42.130 42.130 2,233.13 934.39 2,949.10 1,348.16 715.97 413.77 LT LT Total 102.000 3,167.52 4,297.26 1,129.74 LT —— Asset Class: Equities INVESTORS BANCORP INC NEW (ISBC) 11/10/15 2/22/16 449.000 47.000 12.750 11.640 14.380 14.380 5,724.75 547.08 6,456.62 675.86 731.87 128.78 LT LT Total 496.000 6,271.83 7,132.48 860.65 LT 159.00 2.22 Next Dividend Payable 05/2017; Asset Class: Equities JACOBS ENGINEERING GROUP INC (JEC) 5/5/16 82.000 45.879 55.280 3,762.04 4,532.96 770.92 ST 49.00 1.08 Next Dividend Payable 06/2017; Asset Class: Equities JAGGED PEAK ENERGY INC COM (JAG) 1/30/17 761.000 14.441 13.040 10,989.75 9,923.44 (1,066.31)ST —— Asset Class: Equities JELD WEN HLD INC (JELD) 3/30/17 52.000 32.845 32.850 1,707.93 1,708.20 0.27 ST —— Asset Class: Equities JONES LANG LASALLE INC (JLL) 10/28/16 11/28/16 41.000 33.000 97.778 100.016 111.450 111.450 4,008.91 3,300.52 4,569.45 3,677.85 560.54 377.33 ST ST Total 74.000 7,309.43 8,247.30 937.87 ST 49.00 0.59 Next Dividend Payable 06/2017; Asset Class: Equities KAR AUCTION SVCS INC (KAR) 10/19/15 11/5/15 11/5/15 39.000 34.000 41.000 37.613 37.415 37.934 43.670 43.670 43.670 1,466.89 1,272.10 1,555.30 1,703.13 1,484.78 1,790.47 236.24 212.68 235.17 LT LT LT 11/5/15 73.000 37.757 43.670 2,756.29 3,187.91 431.62 LT 11/6/15 79.000 37.690 43.670 2,977.54 3,449.93 472.39 LT 2/22/16 29.000 34.827 43.670 1,009.99 1,266.43 256.44 LT Total 295.000 11,038.11 12,882.65 1,844.54 LT 378.00 2.93 Next Dividend Payable 04/04/17; Asset Class: Equities KOSMOS ENERGY LTD (KOS) 11/10/15 1/27/17 531.000 1,190.000 7.627 6.360 6.660 6.660 4,050.10 7,568.40 3,536.46 7,925.40 (513.64) 357.00 LT ST Total 1,721.000 11,618.50 11,461.86 (513.64) 357.00 LT ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 84 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % LCI INDS (LCII) 11/10/15 2/22/16 7/21/16 203.000 31.000 17.000 58.887 60.481 89.891 99.800 99.800 99.800 11,953.96 1,874.90 1,528.14 20,259.40 3,093.80 1,696.60 8,305.44 1,218.90 168.46 LT LT ST Total 251.000 15,357.00 25,049.80 9,524.34 168.46 LT ST 502.00 2.00 Next Dividend Payable 06/2017; Asset Class: Equities LEUCADIA NAT CP (LUK) 12/15/15 12/18/15 2/22/16 193.000 275.000 53.000 16.888 16.476 15.047 26.000 26.000 26.000 3,259.36 4,530.90 797.50 5,018.00 7,150.00 1,378.00 1,758.64 2,619.10 580.50 LT LT LT 1/11/17 59.000 23.660 26.000 1,395.94 1,534.00 138.06 ST Total 580.000 9,983.70 15,080.00 4,958.24 138.06 LT ST 145.00 0.96 Next Dividend Payable 06/2017; Asset Class: Equities LIFEPOINT HEALTH INC (LPNT) 11/10/15 2/22/16 78.000 6.000 71.569 64.258 65.500 65.500 5,582.35 385.55 5,109.00 393.00 (473.35) 7.45 LT LT Total 84.000 5,967.90 5,502.00 (465.90)LT —— Asset Class: Equities LIONS GATE ENTMNT CORP CL B (LGF'B) 12/12/16 146.000 26.100 24.380 3,810.60 3,559.48 (251.12)ST —— Asset Class: Equities LITHIA MOTORS INC A (LAD) 9/2/16 9/15/16 117.000 30.000 84.514 91.404 85.650 85.650 9,888.11 2,742.12 10,021.05 2,569.50 132.94 (172.62) ST ST Total 147.000 12,630.23 12,590.55 (39.68)ST 147.00 1.16 Next Dividend Payable 06/2017; Asset Class: Equities LIVE NATION ENTERTAINMENT INC (LYV) 11/10/15 2/22/16 123.000 25.000 26.585 20.585 30.370 30.370 3,269.89 514.63 3,735.51 759.25 465.62 244.62 LT LT Total 148.000 3,784.52 4,494.76 710.24 LT —— Asset Class: Equities MAIDEN HOLDINGS LTD SHS (MHLD) 11/10/15 2/22/16 1/11/17 1,172.000 128.000 63.000 15.200 13.629 17.975 14.000 14.000 14.000 17,814.05 1,744.46 1,132.43 16,408.00 1,792.00 882.00 (1,406.05) 47.54 (250.43) LT LT ST 3/14/17 200.000 14.860 14.000 2,971.98 2,800.00 (171.98)ST Total 1,563.000 23,662.92 21,882.00 (1,358.51) (422.41) LT ST 938.00 4.28 Next Dividend Payable 04/17/17; Asset Class: Equities MANPOWERGROUP INC COM (MAN) 11/10/15 2/22/16 39.000 9.000 91.140 78.036 102.570 102.570 3,554.46 702.32 4,000.23 923.13 445.77 220.81 LT LT Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 85 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 48.000 4,256.78 4,923.36 666.58 LT 83.00 1.68 Next Dividend Payable 06/2017; Asset Class: Equities MAXIMUS INC (MMS) 11/10/15 2/22/16 56.000 12.000 69.103 47.970 62.200 62.200 3,869.77 575.64 3,483.20 746.40 (386.57) 170.76 LT LT Total 68.000 4,445.41 4,229.60 (215.81)LT 12.00 0.28 Next Dividend Payable 05/2017; Asset Class: Equities MFA FINANCIAL INC (MFA) 11/10/15 2/22/16 1,352.000 168.000 6.827 6.690 8.080 8.080 9,230.51 1,123.92 10,924.16 1,357.44 1,693.65 233.52 LT LT Total 1,520.000 10,354.43 12,281.60 1,927.17 LT 1,216.00 9.90 Next Dividend Payable 04/28/17; Asset Class: Alt MINERALS TECHNOLOGY INC (MTX) 11/10/15 2/22/16 112.000 87.000 60.920 49.749 76.600 76.600 6,823.08 4,328.12 8,579.20 6,664.20 1,756.12 2,336.08 LT LT Total 199.000 11,151.20 15,243.40 4,092.20 LT 40.00 0.26 Next Dividend Payable 06/2017; Asset Class: Equities MTGE INVT CORP (MTGE) 11/10/15 2/22/16 166.000 23.000 14.885 13.437 16.750 16.750 2,470.99 309.06 2,780.50 385.25 309.51 76.19 LT LT Total 189.000 2,780.05 3,165.75 385.70 LT 340.00 10.73 Next Dividend Payable 04/27/17; Asset Class: Alt NATIONAL GEN HLDGS CORP (NGHC) 3/17/17 330.000 23.494 23.760 7,752.86 7,840.80 87.94 ST 53.00 0.67 Next Dividend Payable 04/19/17; Asset Class: Equities NATIONSTAR MORTGAGE HLDGS INC (NSM) 11/10/15 2/22/16 268.000 35.000 14.068 9.757 15.760 15.760 3,770.27 341.50 4,223.68 551.60 453.41 210.10 LT LT Total 303.000 4,111.77 4,775.28 663.51 LT —— Asset Class: Equities NAVIENT CORP COM (NAVI) 11/10/15 12/2/15 2/22/16 459.000 220.000 550.000 12.687 11.920 10.349 14.760 14.760 14.760 5,823.24 2,622.44 5,691.79 6,774.84 3,247.20 8,118.00 951.60 624.76 2,426.21 LT LT LT Total 1,229.000 14,137.47 18,140.04 4,002.57 LT 787.00 4.33 Next Dividend Payable 06/2017; Asset Class: Equities NAVIGANT CONSULTING INC (NCI) 11/10/15 2/22/16 329.000 65.000 17.378 14.864 22.860 22.860 5,717.46 966.19 7,520.94 1,485.90 1,803.48 519.71 LT LT Total 394.000 6,683.65 9,006.84 2,323.19 LT —— Asset Class: Equities NELNET INC CL A (NNI) 6/24/16 196.000 32.477 43.860 6,365.45 8,596.56 2,231.11 ST 110.00 1.27 Next Dividend Payable 06/2017; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 1 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 86 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % NU SKIN ENTERPRISE INC A (NUS) 11/10/15 2/22/16 7/21/16 158.000 20.000 25.000 36.000 28.557 51.140 55.540 55.540 55.540 5,688.00 571.14 1,278.50 8,775.32 1,110.80 1,388.50 3,087.32 539.66 110.00 LT LT ST Total 203.000 7,537.64 11,274.62 3,626.98 110.00 LT ST 292.00 2.58 Next Dividend Payable 06/2017; Asset Class: Equities OFFICE DEPOT (ODP) 5/11/16 1,031.000 3.708 4.665 3,823.36 4,809.61 986.25 ST 103.00 2.14 Next Dividend Payable 06/2017; Asset Class: Equities OLIN CORPORATION (OLN) 1/8/16 2/22/16 307.000 22.000 17.008 15.450 32.870 32.870 5,221.49 339.90 10,091.09 723.14 4,869.60 383.24 LT LT Total 329.000 5,561.39 10,814.23 5,252.84 LT 263.00 2.43 Next Dividend Payable 06/2017; Asset Class: Equities ON ASSIGNMENT INC (ASGN) 11/2/16 115.000 34.531 48.530 3,971.07 5,580.95 1,609.88 ST —— Asset Class: Equities ON SEMICONDUCTOR CORP (ON) 11/10/15 2/22/16 6/24/16 1,056.000 79.000 439.000 11.259 7.960 9.016 15.490 15.490 15.490 11,889.82 628.84 3,957.85 16,357.44 1,223.71 6,800.11 4,467.62 594.87 2,842.26 LT LT ST 1/11/17 99.000 13.475 15.490 1,334.03 1,533.51 199.48 ST Total 1,673.000 17,810.54 25,914.77 5,062.49 3,041.74 LT ST —— Asset Class: Equities OWENS & MINOR INC NEW (OMI) 11/10/15 2/22/16 4/29/16 79.000 10.000 12.000 36.650 39.534 36.365 34.600 34.600 34.600 2,895.35 395.34 436.38 2,733.40 346.00 415.20 (161.95) (49.34) (21.18) LT LT ST Total 101.000 3,727.07 3,494.60 (211.29) (21.18) LT ST 104.00 2.97 Next Dividend Payable 06/2017; Asset Class: Equities PACKAGING CORP AMER (PKG) 11/10/15 43.000 65.900 91.620 2,833.70 3,939.66 1,105.96 LT 108.00 2.74 Next Dividend Payable 04/14/17; Asset Class: Equities PAREXEL INTL CORP (PRXL) 11/10/15 2/22/16 4/1/16 22.000 8.000 149.000 67.433 58.290 63.999 63.110 63.110 63.110 1,483.53 466.32 9,535.88 1,388.42 504.88 9,403.39 (95.11) 38.56 (132.49) LT LT ST Total 179.000 11,485.73 11,296.69 (56.55) (132.49) LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 87 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PARSLEY ENERGY INC CL A (PE) 11/10/15 12/2/15 2/22/16 455.000 210.000 86.000 18.615 18.978 17.020 32.510 32.510 32.510 8,469.82 3,985.38 1,463.72 14,792.05 6,827.10 2,795.86 6,322.23 2,841.72 1,332.14 LT LT LT 7/21/16 45.000 28.034 32.510 1,261.53 1,462.95 201.42 ST Total 796.000 15,180.45 25,877.96 10,496.09 201.42 LT ST —— Asset Class: Equities PHARMERICA CORP COM (PMC) 8/22/16 187.000 22.371 23.400 4,183.41 4,375.80 192.39 ST —— Asset Class: Equities POLYONE CORP (POL) 3/7/17 143.000 32.840 34.090 4,696.06 4,874.87 178.81 ST 77.00 1.57 Next Dividend Payable 04/06/17; Asset Class: Equities PORTLAND GENERAL ELEC CO (POR) 3/15/17 105.000 44.611 44.420 4,684.12 4,664.10 (20.02)ST 134.00 2.87 Next Dividend Payable 04/17/17; Asset Class: Equities PRA GROUP INC (PRAA) 5/10/16 152.000 24.958 33.150 3,793.57 5,038.80 1,245.23 ST —— Asset Class: Equities PULTE GROUP INC (PHM) 2/22/16 203.000 17.160 23.550 3,483.48 4,780.65 1,297.17 LT 73.00 1.52 Next Dividend Payable 04/04/17; Asset Class: Equities QEP RESOURCES INC (QEP) 11/10/15 2/22/16 9/21/16 265.000 17.000 432.000 15.870 11.207 17.569 12.710 12.710 12.710 4,205.55 190.52 7,589.81 3,368.15 216.07 5,490.72 (837.40) 25.55 (2,099.09) LT LT ST Total 714.000 11,985.88 9,074.94 (811.85) (2,099.09) LT ST —— Asset Class: Equities RADIAN GROUP INC (RDN) 11/10/15 2/22/16 657.000 69.000 14.417 10.987 17.960 17.960 9,472.23 758.09 11,799.72 1,239.24 2,327.49 481.15 LT LT Total 726.000 10,230.32 13,038.96 2,808.64 LT 7.00 0.05 Next Dividend Payable 06/2017; Asset Class: Equities RAYMOND JAMES FINCL INC (RJF) 5/18/15 5/18/15 2/22/16 25.000 22.000 18.000 57.963 58.692 44.145 76.260 76.260 76.260 1,449.08 1,291.22 794.61 1,906.50 1,677.72 1,372.68 457.42 386.50 578.07 LT LT LT Total 65.000 3,534.91 4,956.90 1,421.99 LT 57.00 1.14 Next Dividend Payable 04/17/17; Asset Class: Equities REALOGY HOLDINGS CORP (RLGY) 11/10/15 108.000 42.320 29.790 4,570.56 3,217.32 (1,353.24)LT 39.00 1.21 Next Dividend Payable 06/2017; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 0 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 88 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % REINSURANCE GROUP OF AMERICA (RGA) 11/10/15 2/22/16 101.000 13.000 91.490 90.646 126.980 126.980 9,240.49 1,178.40 12,824.98 1,650.74 3,584.49 472.34 LT LT Total 114.000 10,418.89 14,475.72 4,056.83 LT 187.00 1.29 Next Dividend Payable 06/2017; Asset Class: Equities RICE ENERGY INC (RICE) 11/10/15 2/22/16 8/9/16 293.000 5.000 255.000 15.930 9.168 24.681 23.700 23.700 23.700 4,667.49 45.84 6,293.55 6,944.10 118.50 6,043.50 2,276.61 72.66 (250.05) LT LT ST Total 553.000 11,006.88 13,106.10 2,349.27 (250.05) LT ST —— Asset Class: Equities RPX CORPORATION COM (RPXC) 11/10/15 2/22/16 588.000 67.000 14.051 9.797 12.000 12.000 8,261.75 656.41 7,056.00 804.00 (1,205.75) 147.59 LT LT Total 655.000 8,918.16 7,860.00 (1,058.16)LT —— Asset Class: Equities RSP PERMIAN INC (RSPP) 11/10/15 2/22/16 148.000 11.000 28.170 21.260 41.430 41.430 4,169.16 233.86 6,131.64 455.73 1,962.48 221.87 LT LT Total 159.000 4,403.02 6,587.37 2,184.35 LT —— Asset Class: Equities SCHOLASTIC CP (SCHL) 5/20/16 100.000 37.305 42.570 3,730.48 4,257.00 526.52 ST 60.00 1.40 Next Dividend Payable 06/2017; Asset Class: Equities SCHWEITZER MAUDUIT INT INC (SWM) 11/10/15 12/14/15 2/22/16 133.000 58.000 76.000 39.744 40.264 33.260 41.420 41.420 41.420 5,286.01 2,335.30 2,527.76 5,508.86 2,402.36 3,147.92 222.85 67.06 620.16 LT LT LT Total 267.000 10,149.07 11,059.14 910.07 LT 449.00 4.05 Next Dividend Payable 04/07/17; Asset Class: Equities SCRIPPS NETWORKS INTERAC CL A (SNI) 6/24/16 107.000 60.301 78.370 6,452.20 8,385.59 1,933.39 ST 128.00 1.52 Next Dividend Payable 06/2017; Asset Class: Equities SELECT MEDICAL HLDGS CP (SEM) 11/10/15 2/22/16 346.000 30.000 12.154 8.575 13.350 13.350 4,205.15 257.25 4,619.10 400.50 413.95 143.25 LT LT Total 376.000 4,462.40 5,019.60 557.20 LT —— Asset Class: Equities SERVICE CORP INTL (SCI) 11/10/15 2/22/16 3/13/17 155.000 17.000 24.000 26.470 23.507 30.800 30.880 30.880 30.880 4,102.91 399.62 739.20 4,786.40 524.96 741.12 683.49 125.34 1.92 LT LT ST Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 89 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 196.000 5,241.73 6,052.48 808.83 1.92 LT ST 102.00 1.68 Next Dividend Payable 06/2017; Asset Class: Equities SKECHERS U S A INC CL A (SKX) 9/23/16 10/21/16 312.000 263.000 22.486 19.100 27.450 27.450 7,015.76 5,023.17 8,564.40 7,219.35 1,548.64 2,196.18 ST ST Total 575.000 12,038.93 15,783.75 3,744.82 ST —— Asset Class: Equities SLM CORPORATION (SLM) 11/10/15 2/22/16 3/13/17 679.000 55.000 131.000 6.880 6.030 11.895 12.100 12.100 12.100 4,671.52 331.64 1,558.25 8,215.90 665.50 1,585.10 3,544.38 333.86 26.85 LT LT ST Total 865.000 6,561.41 10,466.50 3,878.24 26.85 LT ST —— Asset Class: Equities STARWOOD PROPERTY TRUST INC (STWD) 5/13/16 12/6/16 307.000 227.000 20.352 22.140 22.580 22.580 6,248.19 5,025.78 6,932.06 5,125.66 683.87 99.88 ST ST Total 534.000 11,273.97 12,057.72 783.75 ST 1,025.00 8.50 Next Dividend Payable 04/14/17; Asset Class: Alt STEEL DYNAMICS INC (STLD) 12/4/15 2/22/16 7/21/16 165.000 303.000 57.000 17.152 18.343 25.931 34.760 34.760 34.760 2,830.10 5,557.81 1,478.08 5,735.40 10,532.28 1,981.32 2,905.30 4,974.47 503.24 LT LT ST Total 525.000 9,865.99 18,249.00 7,879.77 503.24 LT ST 326.00 1.78 Next Dividend Payable 04/10/17; Asset Class: Equities STEVEN MADDEN LTD (SHOO) 11/10/15 12/1/15 2/22/16 175.000 79.000 33.000 33.730 31.893 34.675 38.550 38.550 38.550 5,902.75 2,519.55 1,144.26 6,746.25 3,045.45 1,272.15 843.50 525.90 127.89 LT LT LT Total 287.000 9,566.56 11,063.85 1,497.29 LT —— Asset Class: Equities STIFEL FINANCIAL CORPORATION (SF) 5/10/16 7/21/16 9/21/16 259.000 39.000 48.000 34.359 33.566 38.865 50.190 50.190 50.190 8,898.98 1,309.07 1,865.53 12,999.21 1,957.41 2,409.12 4,100.23 648.34 543.59 ST ST ST Total 346.000 12,073.58 17,365.74 5,292.16 ST —— Asset Class: Equities SUNCOKE ENERGY INC COM (SXC) 3/23/17 526.000 9.018 8.960 4,743.26 4,712.96 (30.30)ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 1 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 90 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SVB FNCL GRP (SIVB) 2/22/16 9/21/16 56.000 35.000 87.486 107.563 186.090 186.090 4,899.22 3,764.72 10,421.04 6,513.15 5,521.82 2,748.43 LT ST Total 91.000 8,663.94 16,934.19 5,521.82 2,748.43 LT ST —— Asset Class: Equities SYKES ENTERPRISES INC (SYKE) 11/10/15 2/22/16 171.000 22.000 31.328 29.862 29.400 29.400 5,357.16 656.96 5,027.40 646.80 (329.76) (10.16) LT LT Total 193.000 6,014.12 5,674.20 (339.92)LT —— Asset Class: Equities SYNNEX CORP (SNX) 11/10/15 2/22/16 90.000 14.000 94.740 93.850 111.940 111.940 8,526.60 1,313.90 10,074.60 1,567.16 1,548.00 253.26 LT LT Total 104.000 9,840.50 11,641.76 1,801.26 LT 104.00 0.89 Next Dividend Payable 04/2017; Asset Class: Equities TAILORED BRANDS INC COM (TLRD) 5/1/15 5/5/15 5/5/15 12.000 34.000 33.000 57.477 57.753 58.419 14.940 14.940 14.940 689.73 1,963.60 1,927.83 179.28 507.96 493.02 (510.45) (1,455.64) (1,434.81) LT LT LT 5/8/15 26.000 58.570 14.940 1,522.82 388.44 (1,134.38)LT 5/8/15 37.000 58.472 14.940 2,163.45 552.78 (1,610.67)LT 5/15/15 25.000 57.665 14.940 1,441.62 373.50 (1,068.12)LT 6/25/15 72.000 65.516 14.940 4,717.17 1,075.68 (3,641.49)LT 8/19/15 15.000 57.403 14.940 861.05 224.10 (636.95)LT 8/20/15 16.000 57.071 14.940 913.14 239.04 (674.10)LT 11/10/15 351.000 21.802 14.940 7,652.64 5,243.94 (2,408.70)LT 2/22/16 54.000 14.390 14.940 777.05 806.76 29.71 LT 4/29/16 48.000 17.427 14.940 836.49 717.12 (119.37)ST Total 723.000 25,466.59 10,801.62 (14,545.60) (119.37) LT ST 521.00 4.82 Next Dividend Payable 06/2017; Asset Class: Equities TEGNA INC COM (TGNA) 11/10/15 2/22/16 196.000 20.000 27.408 24.667 25.620 25.620 5,371.91 493.34 5,021.52 512.40 (350.39) 19.06 LT LT Total 216.000 5,865.25 5,533.92 (331.33)LT 121.00 2.18 Next Dividend Payable 04/03/17; Asset Class: Equities TELETECH HOLDINGS INC (TTEC) 11/10/15 2/22/16 434.000 32.000 28.833 27.209 29.600 29.600 12,513.70 870.68 12,846.40 947.20 332.70 76.52 LT LT Total 466.000 13,384.38 13,793.60 409.22 LT 196.00 1.42 Next Dividend Payable 04/14/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 91 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % TEMPUR-PEDIC INT'L INC (TPX) 10/17/16 79.000 51.869 46.460 4,097.68 3,670.34 (427.34)ST —— Asset Class: Equities TERADYNE INC (TER) 11/10/15 2/22/16 1/11/17 311.000 40.000 50.000 20.100 18.840 26.100 31.100 31.100 31.100 6,251.10 753.60 1,305.00 9,672.10 1,244.00 1,555.00 3,421.00 490.40 250.00 LT LT ST Total 401.000 8,309.70 12,471.10 3,911.40 250.00 LT ST 112.00 0.89 Next Dividend Payable 06/2017; Asset Class: Equities TESORO PETROLEUM CP (TSO) 3/15/17 92.000 84.498 81.060 7,773.84 7,457.52 (316.32)ST 202.00 2.70 Next Dividend Payable 06/2017; Asset Class: Equities TETRA TECH INC (TTEK) 11/10/15 2/22/16 220.000 19.000 26.620 27.523 40.850 40.850 5,856.40 522.94 8,987.00 776.15 3,130.60 253.21 LT LT Total 239.000 6,379.34 9,763.15 3,383.81 LT 86.00 0.88 Next Dividend Payable 06/2017; Asset Class: Equities TORCHMARK CORP (TMK) 11/10/15 2/22/16 46.000 14.000 59.604 52.397 77.040 77.040 2,741.77 733.56 3,543.84 1,078.56 802.07 345.00 LT LT Total 60.000 3,475.33 4,622.40 1,147.07 LT 36.00 0.77 Next Dividend Payable 05/01/17; Asset Class: Equities TUTOR PERINI CORP COM (TPC) 11/10/15 2/22/16 140.000 5.000 15.976 13.078 31.800 31.800 2,236.68 65.39 4,452.00 159.00 2,215.32 93.61 LT LT Total 145.000 2,302.07 4,611.00 2,308.93 LT —— Asset Class: Equities TWO HARBORS INVT CORP COM (TWO) 11/10/15 2/22/16 1/31/17 1,295.000 168.000 665.000 8.350 7.625 8.600 9.590 9.590 9.590 10,813.25 1,281.00 5,719.00 12,419.05 1,611.12 6,377.35 1,605.80 330.12 658.35 LT LT ST Total 2,128.000 17,813.25 20,407.52 1,935.92 658.35 LT ST 2,128.00 10.42 Next Dividend Payable 04/27/17; Asset Class: Alt UNIVERSAL CP VA (UVV) 11/10/15 2/22/16 6/24/16 53.000 15.000 99.000 55.266 55.003 55.052 70.750 70.750 70.750 2,929.08 825.05 5,450.13 3,749.75 1,061.25 7,004.25 820.67 236.20 1,554.12 LT LT ST Total 167.000 9,204.26 11,815.25 1,056.87 1,554.12 LT ST 361.00 3.05 Next Dividend Payable 05/2017; Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 2 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 92 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % VALIDUS HOLDINGS LTD COM (VR) 11/10/15 2/22/16 7/21/16 207.000 46.000 20.000 45.200 45.134 48.890 56.390 56.390 56.390 9,356.40 2,076.18 977.80 11,672.73 2,593.94 1,127.80 2,316.33 517.76 150.00 LT LT ST Total 273.000 12,410.38 15,394.47 2,834.09 150.00 LT ST 415.00 2.69 Next Dividend Payable 06/2017; Asset Class: Equities VALVOLINE INC COM (VVV) 1/5/17 513.000 21.419 24.550 10,987.95 12,594.15 1,606.20 ST 101.00 0.80 Next Dividend Payable 06/2017; Asset Class: Equities WALKER & DUNLOP INC (WD) 11/10/15 2/22/16 4/29/16 454.000 41.000 89.000 28.519 22.994 21.869 41.690 41.690 41.690 12,947.58 942.77 1,946.34 18,927.26 1,709.29 3,710.41 5,979.68 766.52 1,764.07 LT LT ST Total 584.000 15,836.69 24,346.96 6,746.20 1,764.07 LT ST —— Asset Class: Equities WESCO INTL INC (WCC) 11/10/15 12/4/15 2/22/16 93.000 73.000 161.000 48.858 47.886 43.870 69.550 69.550 69.550 4,543.77 3,495.66 7,063.07 6,468.15 5,077.15 11,197.55 1,924.38 1,581.49 4,134.48 LT LT LT Total 327.000 15,102.50 22,742.85 7,640.35 LT —— Asset Class: Equities WESTERN REFINING, INC (WNR) 11/10/15 2/22/16 3/13/17 274.000 18.000 43.000 46.310 26.927 35.647 35.070 35.070 35.070 12,688.94 484.68 1,532.82 9,609.18 631.26 1,508.01 (3,079.76) 146.58 (24.81) LT LT ST Total 335.000 14,706.44 11,748.45 (2,933.18) (24.81) LT ST 509.00 4.33 Next Dividend Payable 05/2017; Asset Class: Equities WILDHORSE RESOURCE DEV CORP (WRD) 12/15/16 554.000 14.809 12.440 8,204.02 6,891.76 (1,312.26)ST —— Asset Class: Equities WORLD FUEL SERVICES CORP (INT) 11/10/15 2/22/16 3/13/17 356.000 39.000 112.000 45.402 46.089 36.645 36.250 36.250 36.250 16,163.22 1,797.48 4,104.24 12,905.00 1,413.75 4,060.00 (3,258.22) (383.73) (44.24) LT LT ST 3/14/17 209.000 36.766 36.250 7,684.05 7,576.25 (107.80)ST Total 716.000 29,748.99 25,955.00 (3,641.95) (152.04) LT ST 172.00 0.66 Next Dividend Payable 04/07/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 93 of 128 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.16%$1,274,843.88 $1,496,755.31 $179,443.76 $42,467.62 LT ST $25,030.00 1.67% 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 9/21/16 227.000 27.000 268.000 $15.610 12.807 15.677 $17.380 17.380 17.380 $3,543.52 345.79 4,201.36 $3,945.26 469.26 4,657.84 $401.74 123.47 456.48 LT LT ST Total 522.000 8,090.67 9,072.36 525.21 456.48 LT ST 793.00 8.74 Next Dividend Payable 06/2017; Asset Class: FI & Pref Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 0.58%$8,090.67 $9,072.36 $525.21 456.48 LT ST $793.00 8.74% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,282,934.55 $1,556,538.99 $179,968.97 $42,924.10 LT ST $25,828.00 $0.00 1.66% TOTAL VALUE (includes accrued interest)100.00%$1,556,538.99 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. R - The cost basis for this tax lot was adjusted due to a reclassification of income. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 3 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 94 of 128 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $50,711.32 —————— Stocks —$1,396,062.89 —$100,692.42 ——— ETFs & CEFs ——$9,072.36 ———— TOTAL ALLOCATION OF ASSETS $50,711.32 $1,396,062.89 $9,072.36 $100,692.42 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/1 3/6 Sold AMERICAN EAGLE OUTFITTERS NEW ACTED AS AGENT 550.000 $14.1979 $7,808.67 3/7 3/10 Bought DICKS SPORTING GOODS INC ACTED AS AGENT 99.000 47.8100 (4,733.19) 3/7 3/10 Bought POLYONE CORP ACTED AS AGENT 143.000 32.8396 (4,696.06) 3/7 3/10 Bought FIRSTCASH INC ACTED AS AGENT 86.000 43.8000 (3,766.80) 3/13 3/16 Sold HUNTINGTON BANCSHARES ACTED AS AGENT 344.000 14.1732 4,875.47 3/13 3/16 Sold FIRST REPUBLIC BANK ACTED AS AGENT 49.000 96.2632 4,716.79 3/13 3/16 Sold CENTENE CORPORATION ACTED AS AGENT 67.000 69.4154 4,650.72 3/13 3/16 Sold FIDELITY NATIONAL FINANCIAL IN ACTED AS AGENT 59.000 37.2930 2,200.24 3/13 3/16 Sold INSIGHT ENTERPRISES INC ACTED AS AGENT 20.000 42.6250 852.48 3/13 3/16 Sold PACKAGING CORP AMER ACTED AS AGENT 8.000 91.9817 735.83 3/13 3/16 Sold BELDEN INC ACTED AS AGENT 9.000 70.0850 630.75 3/13 3/16 Sold AEGION CORP COM ACTED AS AGENT 22.000 23.0617 507.34 3/13 3/16 Sold ANWORTH MORTGAGE ASSET CORP ACTED AS AGENT 88.000 5.4140 476.41 3/13 3/16 Sold REALOGY HOLDINGS CORP ACTED AS AGENT 16.000 27.2960 436.73 3/13 3/16 Sold FERROGLOBE PLC SHS ACTED AS AGENT 23.000 10.2530 235.81 3/13 3/16 Bought WORLD FUEL SERVICES CORP ACTED AS AGENT 112.000 36.6450 (4,104.24) 3/13 3/16 Bought SLM CORPORATION ACTED AS AGENT 131.000 11.8950 (1,558.25) 3/13 3/16 Bought WESTERN REFINING, INC ACTED AS AGENT 43.000 35.6469 (1,532.82) 3/13 3/16 Bought SERVICE CORP INTL ACTED AS AGENT 24.000 30.8000 (739.20) 3/13 3/16 Bought AGNC INVT CORP COM ACTED AS AGENT 37.000 19.2599 (712.62) 3/13 3/16 Bought BRISTOW GROUP INC ACTED AS AGENT 50.000 14.0652 (703.26) 3/13 3/16 Bought HEIDRICK & STRUGGLES INTL INC ACTED AS AGENT 22.000 24.6850 (543.07) 3/13 3/16 Bought FIRST SOLAR, INC.ACTED AS AGENT 14.000 32.4900 (454.86) 3/13 3/16 Bought BLACKSTONE MTG TRUST INC CL A ACTED AS AGENT 15.000 30.1068 (451.60) 3/14 3/17 Bought HANOVER INSURANCE GROUP INC ACTED AS AGENT 112.000 90.7497 (10,163.97) 3/14 3/17 Bought WORLD FUEL SERVICES CORP ACTED AS AGENT 209.000 36.7658 (7,684.05) 3/14 3/17 Bought ENERSYS ACTED AS AGENT 46.000 75.5430 (3,474.98) 3/14 3/17 Bought MAIDEN HOLDINGS LTD SHS ACTED AS AGENT 200.000 14.8599 (2,971.98) Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 95 of 128 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/15 3/20 Sold AMERICAN HOMES 4 RENT ACTED AS AGENT 544.000 22.2787 12,119.34 3/15 3/20 Sold PNM RESOURCES INC (HLDG CO)ACTED AS AGENT 137.000 36.4073 4,987.69 3/15 3/20 Bought TESORO PETROLEUM CP ACTED AS AGENT 92.000 84.4983 (7,773.84) 3/15 3/20 Bought PORTLAND GENERAL ELEC CO ACTED AS AGENT 105.000 44.6107 (4,684.12) 3/17 3/22 Sold FEDERATED INVESTORS INC ACTED AS AGENT 182.000 26.1421 4,757.75 3/17 3/22 Bought NATIONAL GEN HLDGS CORP ACTED AS AGENT 330.000 23.4935 (7,752.86) 3/22 3/22 Redemption G & K SERVICES CL A EXCHANGE FOR CASH CUSIP: 361268105 42.000 97.5000 4,095.00 3/23 3/28 Sold HUNTINGTON INGALLS INDUSTRIES ACTED AS AGENT 41.000 208.0332 8,529.17 3/23 3/28 Sold LASALLE HOTEL PROPERTIES ACTED AS AGENT 279.000 28.7645 8,025.12 3/23 3/28 Sold NATIONSTAR MORTGAGE HLDGS INC ACTED AS AGENT 185.000 15.1039 2,794.15 3/23 3/28 Sold BRISTOW GROUP INC ACTED AS AGENT 105.000 13.6800 1,436.36 3/23 3/28 Bought SUNCOKE ENERGY INC COM ACTED AS AGENT 526.000 9.0176 (4,743.26) 3/28 3/31 Sold TORCHMARK CORP ACTED AS AGENT 62.000 76.9623 4,771.55 3/28 3/31 Bought BANKUNITED INC ACTED AS AGENT 297.000 36.2709 (10,772.46) 3/28 3/31 Bought FIRST MIDW BNCP DELA ACTED AS AGENT 199.000 23.1564 (4,608.12) 3/29 4/3 Bought ATHENE HOLDING LTD CLASS A ACTED AS AGENT 93.000 49.6787 (4,620.12) 3/30 4/4 Sold NELNET INC CL A ACTED AS AGENT 127.000 43.6805 5,547.29 3/30 4/4 Sold FIRST AMERICAN FINL CORP ACTED AS AGENT 59.000 39.1750 2,311.27 3/30 4/4 Bought JELD WEN HLD INC ACTED AS AGENT 52.000 32.8449 (1,707.93) 3/30 4/4 Bought FIRSTCASH INC ACTED AS AGENT 35.000 47.8742 (1,675.60) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(9,127.33) TOTAL PURCHASES $(96,629.26) TOTAL SALES AND REDEMPTIONS $87,501.93 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) 3/29 4/3 Bought ATHENE HOLDING LTD CLASS A UNSETTLED PURCHASE 93.000 $49.6787 $(4,620.12) 3/30 4/4 Sold FIRST AMERICAN FINL CORP UNSETTLED SALE 59.000 39.1750 2,311.27 3/30 4/4 Sold NELNET INC CL A UNSETTLED SALE 127.000 43.6805 5,547.29 3/30 4/4 Bought FIRSTCASH INC UNSETTLED PURCHASE 35.000 47.8742 (1,675.60) 3/30 4/4 Bought JELD WEN HLD INC UNSETTLED PURCHASE 52.000 32.8449 (1,707.93) NET UNSETTLED PURCHASES/SALES $(145.09) 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) 3/2 Qualified Dividend REINSURANCE GROUP OF AMERICA $46.74 3/3 Qualified Dividend TETRA TECH INC 21.51 3/8 Dividend AGNC INVT CORP COM 43.38 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 4 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 96 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/9 Qualified Dividend MINERALS TECHNOLOGY INC 9.95 3/10 Qualified Dividend OLIN CORPORATION 65.80 3/10 Qualified Dividend CDW CORPORATION 50.72 3/10 Qualified Dividend HUNTINGTON INGALLS INDUSTRIES 46.80 3/10 Qualified Dividend SCRIPPS NETWORKS INTERAC CL A 32.10 3/10 Qualified Dividend CABOT CORP 24.30 3/10 Qualified Dividend G & K SERVICES CL A 16.38 3/10 Qualified Dividend RADIAN GROUP INC 1.82 3/13 Qualified Dividend FINISH LINE INC CL A 43.89 3/14 Qualified Dividend CUBIC CORP 12.83 3/15 Qualified Dividend FIRST AMERICAN FINL CORP 74.12 3/15 Qualified Dividend NU SKIN ENTERPRISE INC A 73.08 3/15 Qualified Dividend NELNET INC CL A 45.22 3/15 Qualified Dividend BRISTOW GROUP INC 27.23 3/15 Qualified Dividend OFFICE DEPOT 25.78 3/15 Qualified Dividend VALVOLINE INC COM 25.14 3/15 Qualified Dividend GROUP I AUTOMOTIVE INC 15.84 3/15 Qualified Dividend BRUNSWICK CORP 15.51 3/15 Qualified Dividend SCHOLASTIC CP 15.00 3/17 Qualified Dividend NAVIENT CORP COM 196.64 3/17 Qualified Dividend LCI INDS 125.50 3/17 Qualified Dividend JACOBS ENGINEERING GROUP INC 12.30 3/20 Qualified Dividend CHEMED CORPORATION 29.90 3/20 Qualified Dividend TERADYNE INC 28.07 3/20 Qualified Dividend ASSURANT INC 24.38 3/22 Qualified Dividend ASSURED GUARANTY LTD 44.18 3/23 Qualified Dividend REALOGY HOLDINGS CORP 11.16 3/24 Qualified Dividend TAILORED BRANDS INC COM 130.14 3/24 Qualified Dividend LITHIA MOTORS INC A 36.75 3/24 Qualified Dividend BROOKS-AUTOMATION INC 36.20 3/24 Qualified Dividend INFINITY PPTY & CASUALTY 25.52 3/28 Qualified Dividend AVNET INC 69.48 3/31 Dividend ARES CAPITAL CORP 198.36 3/31 Qualified Dividend VALIDUS HOLDINGS LTD COM 103.74 3/31 Dividend CHATHAM LODGING TRUST COM 41.80 3/31 Qualified Dividend LEUCADIA NAT CP 36.25 3/31 Qualified Dividend FIDELITY NATIONAL FINANCIAL IN 31.00 3/31 Qualified Dividend HANOVER INSURANCE GROUP INC 29.00 3/31 Dividend AMERICAN HOMES 4 RENT 27.20 3/31 Qualified Dividend ENERSYS 26.78 3/31 Qualified Dividend HILLENBRAND INC 26.24 3/31 Qualified Dividend OWENS & MINOR INC NEW 26.01 3/31 Qualified Dividend SERVICE CORP INTL 22.36 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 97 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/31 Qualified Dividend DICKS SPORTING GOODS INC 16.83 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/01-03/31) 0.44 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $2,089.37 TOTAL QUALIFIED DIVIDENDS $1,778.19 TOTAL OTHER DIVIDENDS $310.74 TOTAL INTEREST $0.44 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 3/8 Service Fee Adj ADVISORY FEE REBATE $2,446.71 3/8 Service Fee ADVISORY FEE REBATE (1,821.44) 3/16 Service Fee ADVISORY INCEPTION FEE (763.17) 3/20 Service Fee Adj ADVISORY FEE REBATE 763.17 3/20 Service Fee ADVISORY INCEPTION FEE (604.95) TOTAL OTHER CREDITS AND DEBITS $20.32 TOTAL OTHER DEBITS $20.32 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/2 Automatic Investment BANK DEPOSIT PROGRAM $46.74 3/3 Automatic Investment BANK DEPOSIT PROGRAM 21.51 3/7 Automatic Investment BANK DEPOSIT PROGRAM 7,808.67 3/8 Automatic Investment BANK DEPOSIT PROGRAM 43.38 3/9 Automatic Investment BANK DEPOSIT PROGRAM 635.22 3/10 Automatic Redemption BANK DEPOSIT PROGRAM (12,958.13) 3/13 Automatic Investment BANK DEPOSIT PROGRAM 43.89 3/14 Automatic Investment BANK DEPOSIT PROGRAM 12.83 3/15 Automatic Investment BANK DEPOSIT PROGRAM 316.92 3/17 Automatic Redemption BANK DEPOSIT PROGRAM (15,205.06) 3/20 Automatic Investment BANK DEPOSIT PROGRAM 82.35 3/21 Automatic Investment BANK DEPOSIT PROGRAM 4,807.29 3/22 Automatic Redemption BANK DEPOSIT PROGRAM (2,950.93) 3/23 Automatic Investment BANK DEPOSIT PROGRAM 4,106.16 3/24 Automatic Investment BANK DEPOSIT PROGRAM 228.61 3/28 Automatic Investment BANK DEPOSIT PROGRAM 69.48 3/29 Automatic Investment BANK DEPOSIT PROGRAM 16,041.54 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 5 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 98 of 128 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.44 3/31 Automatic Redemption BANK DEPOSIT PROGRAM (10,023.46) NET ACTIVITY FOR PERIOD $(6,872.55) 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 AEGION CORP COM 11/10/15 03/13/17 21.000 $484.28 $449.06 $35.22 02/22/16 03/13/17 1.000 23.06 18.19 4.87 AMERICAN EAGLE OUTFITTERS NEW 11/10/15 03/01/17 550.000 7,808.67 8,896.26 (1,087.59) AMERICAN HOMES 4 RENT 11/10/15 03/15/17 475.000 10,582.14 6,260.08 4,322.06 R 02/22/16 03/15/17 69.000 1,537.20 941.27 595.93 ANWORTH MORTGAGE ASSET CORP 11/10/15 03/13/17 29.000 157.00 136.30 20.70 02/22/16 03/13/17 59.000 319.41 276.12 43.29 BELDEN INC 11/10/15 03/13/17 2.000 140.17 126.50 13.67 02/22/16 03/13/17 7.000 490.58 368.58 122.00 BRISTOW GROUP INC 11/10/15 03/23/17 55.000 752.38 1,669.25 (916.87) 11/10/15 03/23/17 50.000 683.98 1,517.50 (833.52)W Disallowed Loss Based On Wash Sale: $833.52 CENTENE CORPORATION 11/10/15 03/13/17 62.000 4,303.65 3,761.23 542.42 02/22/16 03/13/17 5.000 347.07 289.16 57.91 FEDERATED INVESTORS INC 11/10/15 03/17/17 163.000 4,261.06 5,150.80 (889.74) 02/22/16 03/17/17 19.000 496.69 482.36 14.33 FERROGLOBE PLC SHS 02/22/16 03/13/17 23.000 235.81 173.84 61.97 FIDELITY NATIONAL FINANCIAL IN 11/10/15 03/13/17 4.000 149.17 139.00 10.17 02/22/16 03/13/17 32.000 1,193.35 1,053.99 139.36 FIRST AMERICAN FINL CORP 11/10/15 03/30/17 59.000 2,311.27 2,247.63 63.64 FIRST REPUBLIC BANK 11/10/15 03/13/17 45.000 4,331.75 2,969.79 1,361.96 02/22/16 03/13/17 4.000 385.04 244.83 140.21 G & K SERVICES CL A 11/10/15 03/22/17 34.000 3,315.00 2,256.25 1,058.75 02/22/16 03/22/17 8.000 780.00 532.29 247.71 HUNTINGTON BANCSHARES 11/10/15 03/13/17 253.000 3,585.74 2,918.48 667.26 02/22/16 03/13/17 91.000 1,289.73 804.44 485.29 HUNTINGTON INGALLS INDUSTRIES 11/10/15 03/23/17 41.000 8,529.17 5,233.39 3,295.78 INSIGHT ENTERPRISES INC 11/10/15 03/13/17 4.000 170.50 106.77 63.73 02/22/16 03/13/17 16.000 681.98 411.03 270.95 LASALLE HOTEL PROPERTIES 02/22/16 03/23/17 279.000 8,025.12 6,838.29 1,186.83 NATIONSTAR MORTGAGE HLDGS INC 11/10/15 03/23/17 185.000 2,794.15 2,602.62 191.53 NELNET INC CL A 11/10/15 03/30/17 89.000 3,887.47 2,980.61 906.86 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 99 of 128 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments 02/22/16 03/30/17 9.000 393.12 323.34 69.78 PACKAGING CORP AMER 11/10/15 03/13/17 8.000 735.83 527.20 208.63 PNM RESOURCES INC (HLDG CO)11/10/15 03/15/17 120.000 4,368.78 3,336.00 1,032.78 02/22/16 03/15/17 17.000 618.91 555.00 63.91 REALOGY HOLDINGS CORP 11/10/15 03/13/17 3.000 81.89 126.96 (45.07) 02/22/16 03/13/17 13.000 354.84 417.53 (62.69) TORCHMARK CORP 11/10/15 03/28/17 62.000 4,771.55 3,695.43 1,076.12 Long-Term This Period $85,377.51 $70,837.37 $14,540.14 Long-Term Year to Date $96,581.57 $80,497.50 $16,084.07 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FIDELITY NATIONAL FINANCIAL IN 04/29/16 03/13/17 23.000 857.72 728.32 129.40 NELNET INC CL A 06/24/16 03/30/17 29.000 1,266.70 941.83 324.87 Short-Term This Period $2,124.42 $1,670.15 $454.27 Short-Term Year to Date $25,418.62 $19,960.41 $5,458.21 Net Realized Gain/(Loss) This Period $87,501.93 $72,507.52 $14,994.41 Net Realized Gain/(Loss) Year to Date $122,000.19 $100,457.91 $21,542.28 Disallowed Loss Based On Wash Sale This Period: $833.52 Disallowed Loss Based On Wash Sale Year to Date: $833.52 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. R - The cost basis for this tax lot was adjusted due to a reclassification of income. MESSAGES Consolidated Statement of Financial Condition (In Millions of Dollars) At December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 100 of 128 Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 660-110145-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $1,443,261.17 $1,362,287.35 Normal Contributions —— Debits (7.51)(2,190.90) Security Transfers —— Net Credits/Debits/Transfers $(7.51)$(2,190.90) Change in Value 30,741.89 113,899.10 TOTAL ENDING VALUE $1,473,995.55 $1,473,995.55 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 1 2 3 4 5 ($ ) 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 101 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $40,968.84 2.78 Equities 1,433,026.71 97.22 TOTAL VALUE $1,473,995.55 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 7 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 102 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $18,370.18 $40,968.84 Stocks 1,424,890.99 1,433,026.71 Total Assets $1,443,261.17 $1,473,995.55 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,443,261.17 $1,473,995.55 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $18,370.18 $21,613.68 Purchases (708.00)(30,652.56) Sales and Redemptions 22,303.21 50,322.83 Income and Distributions 1,010.96 1,875.79 Total Investment Related Activity $22,606.17 $21,546.06 Other Debits (7.51)(2,190.90) Total Cash Related Activity $(7.51)$(2,190.90) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $40,968.84 $40,968.84 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Qualified Dividends $1,010.67 $1,875.18 Interest 0.29 0.61 Total Taxable Income And Distributions $1,010.96 $1,875.79 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,010.96 $1,875.79 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain ——$39,789.07 Short-Term (Loss)——(18,968.98) Total Short-Term ——$20,820.09 Long-Term Gain 294.15 6,043.78 233,758.54 Long-Term (Loss)(1,530.33)(1,530.33)(69,825.86) Total Long-Term $(1,236.18)$4,513.45 $163,932.68 TOTAL GAIN/(LOSS)$(1,236.18)$4,513.45 $184,752.77 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. ADDITIONAL ACCOUNT INFORMATION Category This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Foreign Tax Paid $24.02 $24.02 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Riverbridge Partners - SMID Growth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 103 of 128 † 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 #$40,968.84 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 2.78%$40,968.84 $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 10/25/16 187.000 35.000 147.000 $35.977 35.922 36.056 $39.660 39.660 39.660 $6,727.72 1,257.26 5,300.28 $7,416.42 1,388.10 5,830.02 $688.70 130.84 529.74 ST ST ST Total 369.000 13,285.26 14,634.54 1,349.28 ST —— Asset Class: Equities ACUITY BRANDS INC (AYI) 11/10/15 2/16/16 2/10/17 105.000 15.000 48.000 210.959 185.555 211.070 204.000 204.000 204.000 22,150.73 2,783.33 10,131.36 21,420.00 3,060.00 9,792.00 (730.73) 276.67 (339.36) LT LT ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 104 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 168.000 35,065.42 34,272.00 (454.06) (339.36) LT ST 87.00 0.25 Next Dividend Payable 05/2017; Asset Class: Equities ANSYS INC (ANSS) 11/10/15 2/16/16 4/18/16 185.000 25.000 24.000 92.230 84.902 89.780 106.870 106.870 106.870 17,062.55 2,122.54 2,154.71 19,770.95 2,671.75 2,564.88 2,708.40 549.21 410.17 LT LT ST 4/26/16 26.000 91.013 106.870 2,366.35 2,778.62 412.27 ST 4/27/16 28.000 90.984 106.870 2,547.55 2,992.36 444.81 ST 4/28/16 64.000 90.875 106.870 5,816.00 6,839.68 1,023.68 ST Total 352.000 32,069.70 37,618.24 3,257.61 2,290.93 LT ST —— Asset Class: Equities ATHENAHEALTH INC COM (ATHN) 1/12/15 6/10/15 2/16/16 138.000 105.000 30.000 139.590 117.975 127.546 112.690 112.690 112.690 19,263.41 12,387.33 3,826.38 15,551.22 11,832.45 3,380.70 (3,712.19) (554.88) (445.68) LT LT LT 6/24/16 50.000 131.236 112.690 6,561.80 5,634.50 (927.30)ST Total 323.000 42,038.92 36,398.87 (4,712.75) (927.30) LT ST —— Asset Class: Equities BEACON ROOFING SUPPLY INC (BECN) 1/12/15 11/10/15 390.000 35.000 27.079 37.520 49.160 49.160 10,560.93 1,313.20 19,172.40 1,720.60 8,611.47 407.40 LT LT Total 425.000 11,874.13 20,893.00 9,018.87 LT —— Asset Class: Equities BIO-TECHNE CORP (TECH) 10/17/14 1/12/15 2/16/16 74.000 165.000 25.000 90.930 92.188 87.221 101.650 101.650 101.650 6,728.81 15,211.02 2,180.53 7,522.10 16,772.25 2,541.25 793.29 1,561.23 360.72 LT LT LT Total 264.000 24,120.36 26,835.60 2,715.24 LT 338.00 1.25 Next Dividend Payable 06/2017; Asset Class: Equities CHANNELADVISOR CORP COM (ECOM) 10/17/14 1/12/15 11/10/15 130.000 295.000 205.000 14.374 21.118 13.530 11.150 11.150 11.150 1,868.66 6,229.84 2,773.69 1,449.50 3,289.25 2,285.75 (419.16) (2,940.59) (487.94) LT LT LT 2/16/16 80.000 11.467 11.150 917.35 892.00 (25.35)LT Total 710.000 11,789.54 7,916.50 (3,873.04)LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 105 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CHEMED CORPORATION (CHE) 10/17/14 1/12/15 2/16/16 55.000 150.000 25.000 99.105 103.282 134.254 182.690 182.690 182.690 5,450.78 15,492.26 3,356.36 10,047.95 27,403.50 4,567.25 4,597.17 11,911.24 1,210.89 LT LT LT Total 230.000 24,299.40 42,018.70 17,719.30 LT 239.00 0.56 Next Dividend Payable 06/2017; Asset Class: Equities COGNEX CORP (CGNX) 11/10/15 2/16/16 385.000 55.000 35.920 34.453 83.950 83.950 13,829.01 1,894.89 32,320.75 4,617.25 18,491.74 2,722.36 LT LT Total 440.000 15,723.90 36,938.00 21,214.10 LT 132.00 0.35 Next Dividend Payable 06/2017; Asset Class: Equities COSTAR GROUP INC (CSGP) 10/17/14 1/12/15 11/10/15 55.000 125.000 35.000 143.180 178.150 202.297 207.220 207.220 207.220 7,874.90 22,268.69 7,080.41 11,397.10 25,902.50 7,252.70 3,522.20 3,633.81 172.29 LT LT LT 2/16/16 25.000 161.606 207.220 4,040.15 5,180.50 1,140.35 LT Total 240.000 41,264.15 49,732.80 8,468.65 LT —— Asset Class: Equities DIPLOMAT PHARMACY,INC. (DPLO) 10/18/16 10/19/16 10/21/16 64.000 75.000 108.000 28.397 27.992 28.955 15.950 15.950 15.950 1,817.43 2,099.41 3,127.14 1,020.80 1,196.25 1,722.60 (796.63) (903.16) (1,404.54) ST ST ST 10/24/16 326.000 28.853 15.950 9,406.21 5,199.70 (4,206.51)ST 10/25/16 145.000 28.878 15.950 4,187.27 2,312.75 (1,874.52)ST Total 718.000 20,637.46 11,452.10 (9,185.36)ST —— Asset Class: Equities DORMAN PRODUCTS, INC (DORM) 1/12/15 7/24/15 7/27/15 26.000 96.000 85.000 47.285 48.006 46.556 82.130 82.130 82.130 1,229.40 4,608.54 3,957.27 2,135.38 7,884.48 6,981.05 905.98 3,275.94 3,023.78 LT LT LT 7/28/15 84.000 47.145 82.130 3,960.21 6,898.92 2,938.71 LT 2/16/16 35.000 42.951 82.130 1,503.27 2,874.55 1,371.28 LT Total 326.000 15,258.69 26,774.38 11,515.69 LT —— Asset Class: Equities ELLIE MAE INC (ELLI) 12/1/16 241.000 79.999 100.270 19,279.83 24,165.07 4,885.24 ST —— Asset Class: Equities EXLSERVICE HLDGS INC (EXLS) 12/12/16 440.000 49.917 47.360 21,963.52 20,838.40 (1,125.12)ST —— Asset Class: Equities FASTENAL CO (FAST) 11/10/15 2/16/16 875.000 120.000 40.747 43.587 51.500 51.500 35,653.36 5,230.45 45,062.50 6,180.00 9,409.14 949.55 LT LT 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 2 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 106 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 995.000 40,883.81 51,242.50 10,358.69 LT 1,274.00 2.48 Next Dividend Payable 05/2017; Asset Class: Equities FINANCIAL ENGINES (FNGN) 1/12/15 2/6/15 2/9/15 132.000 43.000 34.000 35.312 39.889 39.750 43.550 43.550 43.550 4,661.21 1,715.21 1,351.50 5,748.60 1,872.65 1,480.70 1,087.39 157.44 129.20 LT LT LT 2/18/15 84.000 39.001 43.550 3,276.08 3,658.20 382.12 LT 2/19/15 144.000 39.132 43.550 5,635.05 6,271.20 636.15 LT 2/16/16 55.000 26.237 43.550 1,443.01 2,395.25 952.24 LT Total 492.000 18,082.06 21,426.60 3,344.54 LT 138.00 0.64 Next Dividend Payable 04/05/17; Asset Class: Equities FIVE BELOW (FIVE) 10/17/14 1/12/15 2/16/16 130.000 385.000 240.000 38.896 34.907 35.504 43.310 43.310 43.310 5,056.44 13,439.31 8,520.96 5,630.30 16,674.35 10,394.40 573.86 3,235.04 1,873.44 LT LT LT Total 755.000 27,016.71 32,699.05 5,682.34 LT —— Asset Class: Equities GENTEX CORP (GNTX) 1/12/15 11/10/15 2/16/16 221.000 505.000 295.000 17.590 16.452 14.177 21.330 21.330 21.330 3,887.39 8,308.31 4,182.16 4,713.93 10,771.65 6,292.35 826.54 2,463.34 2,110.19 LT LT LT Total 1,021.000 16,377.86 21,777.93 5,400.07 LT 368.00 1.68 Next Dividend Payable 04/2017; Asset Class: Equities GRAND CANYON ED INC COM (LOPE) 1/12/15 7/24/15 7/27/15 362.000 71.000 36.000 44.015 43.786 42.947 71.610 71.610 71.610 15,933.39 3,108.81 1,546.10 25,922.82 5,084.31 2,577.96 9,989.43 1,975.50 1,031.86 LT LT LT 7/28/15 27.000 42.932 71.610 1,159.16 1,933.47 774.31 LT 8/3/15 28.000 43.031 71.610 1,204.88 2,005.08 800.20 LT 8/4/15 107.000 42.905 71.610 4,590.85 7,662.27 3,071.42 LT 2/16/16 80.000 34.275 71.610 2,742.00 5,728.80 2,986.80 LT Total 711.000 30,285.19 50,914.71 20,629.52 LT —— Asset Class: Equities HEALTHSTREAM INC (HSTM) 10/24/16 10/24/16 10/25/16 38.000 49.000 63.000 27.565 27.675 27.610 24.230 24.230 24.230 1,047.47 1,356.06 1,739.41 920.74 1,187.27 1,526.49 (126.73) (168.79) (212.92) ST ST ST 10/28/16 165.000 26.649 24.230 4,397.12 3,997.95 (399.17)ST 11/2/16 227.000 26.307 24.230 5,971.80 5,500.21 (471.59)ST 11/3/16 217.000 24.029 24.230 5,214.34 5,257.91 43.57 ST Total 759.000 19,726.20 18,390.57 (1,335.63)ST —— Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 107 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities HEICO CORP NEW (HEI) 4/17/15 4/30/15 5/15/15 15.000 77.000 55.000 59.173 56.027 55.966 87.200 87.200 87.200 887.60 4,314.09 3,078.15 1,308.00 6,714.40 4,796.00 420.40 2,400.31 1,717.85 LT LT LT 5/19/15 74.000 57.020 87.200 4,219.51 6,452.80 2,233.29 LT 6/3/15 74.000 58.338 87.200 4,317.00 6,452.80 2,135.80 LT 2/16/16 35.000 53.141 87.200 1,859.92 3,052.00 1,192.08 LT 6/22/16 13.000 64.835 87.200 842.86 1,133.60 290.74 ST 6/24/16 26.000 63.935 87.200 1,662.31 2,267.20 604.89 ST 6/29/16 21.000 64.898 87.200 1,362.86 1,831.20 468.34 ST 7/12/16 85.000 66.394 87.200 5,643.52 7,412.00 1,768.48 ST Total 475.000 28,187.82 41,420.00 10,099.73 3,132.45 LT ST 86.00 0.20 Next Dividend Payable 07/2017; Asset Class: Equities HENRY SCHEIN INC (HSIC) 12/11/15 12/14/15 2/16/16 42.000 65.000 15.000 153.070 153.270 161.677 169.970 169.970 169.970 6,428.95 9,962.53 2,425.15 7,138.74 11,048.05 2,549.55 709.79 1,085.52 124.40 LT LT LT Total 122.000 18,816.63 20,736.34 1,919.71 LT —— Asset Class: Equities HLTH CARE SVC GRP (HCSG) 10/17/14 1/12/15 6/18/15 99.000 450.000 46.000 27.294 30.447 33.005 43.090 43.090 43.090 2,702.07 13,701.20 1,518.22 4,265.91 19,390.50 1,982.14 1,563.84 5,689.30 463.92 LT LT LT 6/19/15 220.000 33.170 43.090 7,297.38 9,479.80 2,182.42 LT 6/23/15 89.000 33.452 43.090 2,977.23 3,835.01 857.78 LT 2/16/16 115.000 34.847 43.090 4,007.42 4,955.35 947.93 LT Total 1,019.000 32,203.52 43,908.71 11,705.19 LT 759.00 1.72 Next Dividend Payable 06/2017; Asset Class: Equities IHS MARKIT LTD (INFO) 7/13/16 809.000 32.880 41.950 26,599.92 33,937.55 7,337.63 ST —— Asset Class: Equities INNERWORKINGS INC (INWK) 10/17/14 1/12/15 11/10/15 300.000 700.000 675.000 8.376 7.023 8.089 9.960 9.960 9.960 2,512.77 4,916.38 5,460.01 2,988.00 6,972.00 6,723.00 475.23 2,055.62 1,262.99 LT LT LT 2/16/16 240.000 6.581 9.960 1,579.44 2,390.40 810.96 LT Total 1,915.000 14,468.60 19,073.40 4,604.80 LT —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 0 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 108 of 128 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 20.000 40.000 57.000 18.647 18.781 19.538 12.600 12.600 12.600 372.94 751.22 1,113.64 252.00 504.00 718.20 (120.94) (247.22) (395.44) LT LT LT 2/22/16 331.000 19.547 12.600 6,470.16 4,170.60 (2,299.56)LT 2/25/16 125.000 17.654 12.600 2,206.73 1,575.00 (631.73)LT 2/26/16 172.000 16.423 12.600 2,824.84 2,167.20 (657.64)LT 3/2/16 51.000 17.375 12.600 886.12 642.60 (243.52)LT 3/4/16 115.000 17.944 12.600 2,063.55 1,449.00 (614.55)LT 3/7/16 64.000 17.976 12.600 1,150.44 806.40 (344.04)LT Total 975.000 17,839.64 12,285.00 (5,554.64)LT —— Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 11/10/15 2/16/16 145.000 20.000 114.785 106.799 132.530 132.530 16,643.83 2,135.98 19,216.85 2,650.60 2,573.02 514.62 LT LT Total 165.000 18,779.81 21,867.45 3,087.64 LT 422.00 1.92 Next Dividend Payable 04/07/17; Asset Class: Equities LKQ CORPORATION (LKQ) 11/10/15 2/16/16 786.000 190.000 30.035 25.600 29.270 29.270 23,607.27 4,864.00 23,006.22 5,561.30 (601.05) 697.30 LT LT Total 976.000 28,471.27 28,567.52 96.25 LT —— Asset Class: Equities MAXIMUS INC (MMS) 1/12/15 2/16/16 350.000 45.000 53.795 47.779 62.200 62.200 18,828.42 2,150.05 21,770.00 2,799.00 2,941.58 648.95 LT LT Total 395.000 20,978.47 24,569.00 3,590.53 LT 71.00 0.28 Next Dividend Payable 05/2017; Asset Class: Equities MEDNAX INC (MD) 10/17/14 1/12/15 2/16/16 115.000 260.000 65.000 52.792 65.537 64.892 69.380 69.380 69.380 6,071.05 17,039.70 4,217.96 7,978.70 18,038.80 4,509.70 1,907.65 999.10 291.74 LT LT LT Total 440.000 27,328.71 30,527.20 3,198.49 LT —— Asset Class: Equities MIDDLEBY CORP DEL (MIDD) 11/10/15 2/16/16 205.000 25.000 118.080 84.142 136.450 136.450 24,206.40 2,103.54 27,972.25 3,411.25 3,765.85 1,307.71 LT LT Total 230.000 26,309.94 31,383.50 5,073.56 LT —— Asset Class: Equities NATL INSTRUMS CP (NATI) 10/17/14 1/12/15 2/16/16 232.000 750.000 145.000 28.580 30.206 27.905 32.560 32.560 32.560 6,630.56 22,654.13 4,046.17 7,553.92 24,420.00 4,721.20 923.36 1,765.87 675.03 LT LT LT 6/24/16 229.000 27.325 32.560 6,257.31 7,456.24 1,198.93 ST Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 109 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 6/27/16 37.000 26.030 32.560 963.11 1,204.72 241.61 ST 6/29/16 106.000 26.365 32.560 2,794.72 3,451.36 656.64 ST 7/13/16 78.000 28.782 32.560 2,245.00 2,539.68 294.68 ST Total 1,577.000 45,591.00 51,347.12 3,364.26 2,391.86 LT ST 1,325.00 2.58 Next Dividend Payable 06/2017; Asset Class: Equities NEOGEN CP (NEOG) 10/17/14 1/12/15 2/16/16 139.000 230.000 45.000 40.850 48.280 48.364 65.550 65.550 65.550 5,678.15 11,104.40 2,176.37 9,111.45 15,076.50 2,949.75 3,433.30 3,972.10 773.38 LT LT LT Total 414.000 18,958.92 27,137.70 8,178.78 LT —— Asset Class: Equities NOVADAQ TECH INC (NVDQ) 10/18/16 10/19/16 10/20/16 118.000 158.000 67.000 10.576 10.597 10.480 7.790 7.790 7.790 1,247.93 1,674.29 702.19 919.22 1,230.82 521.93 (328.71) (443.47) (180.26) ST ST ST 10/26/16 381.000 10.638 7.790 4,053.04 2,967.99 (1,085.05)ST 10/27/16 53.000 10.590 7.790 561.25 412.87 (148.38)ST 10/28/16 47.000 10.620 7.790 499.12 366.13 (132.99)ST 10/31/16 87.000 11.066 7.790 962.77 677.73 (285.04)ST 11/1/16 369.000 11.256 7.790 4,153.39 2,874.51 (1,278.88)ST Total 1,280.000 13,853.98 9,971.20 (3,882.78)ST —— Asset Class: Equities PATTERSON COMPANIES INC (PDCO) 11/10/15 2/16/16 425.000 55.000 48.017 43.504 45.230 45.230 20,407.18 2,392.74 19,222.75 2,487.65 (1,184.43) 94.91 LT LT Total 480.000 22,799.92 21,710.40 (1,089.52)LT 499.00 2.29 Next Dividend Payable 04/2017; Asset Class: Equities PRA GROUP INC (PRAA) 10/17/14 1/12/15 11/30/15 130.000 365.000 31.000 59.093 56.302 41.316 33.150 33.150 33.150 7,682.13 20,550.34 1,280.79 4,309.50 12,099.75 1,027.65 (3,372.63) (8,450.59) (253.14) LT LT LT 12/1/15 49.000 40.399 33.150 1,979.55 1,624.35 (355.20)LT 12/2/15 38.000 39.699 33.150 1,508.55 1,259.70 (248.85)LT 12/3/15 19.000 39.319 33.150 747.07 629.85 (117.22)LT 12/7/15 11.000 38.739 33.150 426.13 364.65 (61.48)LT 12/8/15 13.000 38.584 33.150 501.59 430.95 (70.64)LT 12/9/15 44.000 38.640 33.150 1,700.16 1,458.60 (241.56)LT 2/16/16 75.000 27.189 33.150 2,039.17 2,486.25 447.08 LT 12/12/16 177.000 38.067 33.150 6,737.91 5,867.55 (870.36)ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 1 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 110 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 952.000 45,153.39 31,558.80 (12,724.23) (870.36) LT ST —— Asset Class: Equities PROS HLDG INC (PRO) 7/23/15 7/24/15 7/30/15 45.000 96.000 43.000 20.610 20.738 21.394 24.190 24.190 24.190 927.45 1,990.85 919.95 1,088.55 2,322.24 1,040.17 161.10 331.39 120.22 LT LT LT 8/4/15 34.000 21.316 24.190 724.76 822.46 97.70 LT 8/5/15 25.000 21.586 24.190 539.64 604.75 65.11 LT 8/5/15 17.000 21.605 24.190 367.29 411.23 43.94 LT 8/6/15 63.000 21.580 24.190 1,359.54 1,523.97 164.43 LT 8/6/15 43.000 21.630 24.190 930.09 1,040.17 110.08 LT 8/11/15 66.000 21.055 24.190 1,389.65 1,596.54 206.89 LT 8/13/15 31.000 20.457 24.190 634.16 749.89 115.73 LT 8/20/15 49.000 20.601 24.190 1,009.45 1,185.31 175.86 LT 8/24/15 39.000 20.572 24.190 802.30 943.41 141.11 LT 8/27/15 31.000 21.069 24.190 653.15 749.89 96.74 LT 2/16/16 75.000 10.597 24.190 794.79 1,814.25 1,019.46 LT 10/21/16 66.000 21.884 24.190 1,444.32 1,596.54 152.22 ST 10/24/16 129.000 22.306 24.190 2,877.42 3,120.51 243.09 ST 10/25/16 62.000 22.142 24.190 1,372.79 1,499.78 126.99 ST 10/26/16 84.000 22.200 24.190 1,864.80 2,031.96 167.16 ST Total 998.000 20,602.40 24,141.62 2,849.76 689.46 LT ST —— Asset Class: Equities PROTO LABS (PRLB) 10/17/14 12/11/14 1/12/15 15.000 65.000 260.000 69.327 67.204 62.130 51.100 51.100 51.100 1,039.91 4,368.29 16,153.80 766.50 3,321.50 13,286.00 (273.41) (1,046.79) (2,867.80) LT LT LT 7/27/15 62.000 75.326 51.100 4,670.19 3,168.20 (1,501.99)LT 7/28/15 16.000 72.988 51.100 1,167.81 817.60 (350.21)LT 8/4/15 22.000 73.075 51.100 1,607.66 1,124.20 (483.46)LT 2/16/16 55.000 60.511 51.100 3,328.08 2,810.50 (517.58)LT Total 495.000 32,335.74 25,294.50 (7,041.24)LT —— Asset Class: Equities RITCHIE BROTHERS AUCTIONEERS (RBA) 1/12/15 2/16/16 797.000 145.000 26.037 23.097 32.900 32.900 20,751.57 3,349.05 26,221.30 4,770.50 5,469.73 1,421.45 LT LT Total 942.000 24,100.62 30,991.80 6,891.18 LT 641.00 2.06 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 111 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ROLLINS INC (ROL) 1/12/15 11/10/15 2/16/16 619.000 135.000 100.000 21.687 26.306 26.904 37.130 37.130 37.130 13,424.43 3,551.26 2,690.37 22,983.47 5,012.55 3,713.00 9,559.04 1,461.29 1,022.63 LT LT LT Total 854.000 19,666.06 31,709.02 12,042.96 LT 393.00 1.23 Next Dividend Payable 06/2017; Asset Class: Equities SNAP-ON INC (SNA) 2/1/17 110.000 180.120 168.670 19,813.20 18,553.70 (1,259.50)ST 312.00 1.68 Next Dividend Payable 06/2017; Asset Class: Equities STERICYCLE INC (SRCL) 11/10/15 2/16/16 260.000 35.000 124.590 109.065 82.890 82.890 32,393.43 3,817.28 21,551.40 2,901.15 (10,842.03) (916.13) LT LT Total 295.000 36,210.71 24,452.55 (11,758.16)LT —— Asset Class: Equities STRATASYS LTD SHS (SSYS) 7/30/15 3/13/17 337.000 37.000 32.272 19.135 20.490 20.490 10,875.57 708.00 6,905.13 758.13 (3,970.44) 50.13 LT ST Total 374.000 11,583.57 7,663.26 (3,970.44) 50.13 LT ST —— Asset Class: Equities ULTIMATE SOFTWARE GP INC (ULTI) 10/17/14 1/12/15 11/10/15 35.000 200.000 25.000 135.170 144.503 203.630 195.210 195.210 195.210 4,730.95 28,900.64 5,090.75 6,832.35 39,042.00 4,880.25 2,101.40 10,141.36 (210.50) LT LT LT 2/16/16 35.000 160.030 195.210 5,601.05 6,832.35 1,231.30 LT Total 295.000 44,323.39 57,586.95 13,263.56 LT —— Asset Class: Equities UNITED NATURAL FOODS INC (UNFI) 10/17/14 1/12/15 2/16/16 107.000 320.000 55.000 64.360 76.818 35.134 43.230 43.230 43.230 6,886.47 24,581.70 1,932.39 4,625.61 13,833.60 2,377.65 (2,260.86) (10,748.10) 445.26 LT LT LT 9/19/16 34.000 39.319 43.230 1,336.86 1,469.82 132.96 ST 9/20/16 45.000 38.844 43.230 1,747.98 1,945.35 197.37 ST 10/4/16 26.000 40.075 43.230 1,041.95 1,123.98 82.03 ST 10/7/16 30.000 40.341 43.230 1,210.22 1,296.90 86.68 ST 10/11/16 24.000 40.982 43.230 983.57 1,037.52 53.95 ST 10/12/16 141.000 42.658 43.230 6,014.76 6,095.43 80.67 ST Total 782.000 45,735.90 33,805.86 (12,563.70) 633.66 LT ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 2 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 112 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % VEEVA SYS INC CL A (VEEV) 12/11/15 12/14/15 12/15/15 156.000 120.000 183.000 26.336 26.653 27.216 51.280 51.280 51.280 4,108.49 3,198.30 4,980.53 7,999.68 6,153.60 9,384.24 3,891.19 2,955.30 4,403.71 LT LT LT 12/16/15 166.000 28.085 51.280 4,662.09 8,512.48 3,850.39 LT 2/16/16 85.000 21.617 51.280 1,837.45 4,358.80 2,521.35 LT Total 710.000 18,786.86 36,408.80 17,621.94 LT —— Asset Class: Equities VERINT SYSTEMS INC (VRNT) 1/12/15 7/23/15 7/24/15 150.000 20.000 37.000 55.792 59.972 59.421 43.375 43.375 43.375 8,368.86 1,199.43 2,198.57 6,506.25 867.50 1,604.87 (1,862.61) (331.93) (593.70) LT LT LT 7/27/15 25.000 58.101 43.375 1,452.53 1,084.37 (368.16)LT 7/30/15 12.000 57.998 43.375 695.97 520.50 (175.47)LT 7/31/15 31.000 57.850 43.375 1,793.35 1,344.62 (448.73)LT 8/5/15 15.000 58.575 43.375 878.63 650.62 (228.01)LT 2/16/16 40.000 30.967 43.375 1,238.67 1,735.00 496.33 LT 6/24/16 260.000 33.800 43.375 8,788.00 11,277.50 2,489.50 ST Total 590.000 26,614.01 25,591.25 (3,512.28) 2,489.50 LT ST —— Asset Class: Equities VERISK ANALYTICS INC COM (VRSK) 11/10/15 2/16/16 360.000 45.000 70.890 68.167 81.140 81.140 25,520.40 3,067.52 29,210.40 3,651.30 3,690.00 583.78 LT LT Total 405.000 28,587.92 32,861.70 4,273.78 LT —— Asset Class: Equities WABCO HLDGS INC (WBC) 10/18/16 10/19/16 10/20/16 95.000 25.000 65.000 107.013 105.956 100.922 117.420 117.420 117.420 10,166.21 2,648.90 6,559.92 11,154.90 2,935.50 7,632.30 988.69 286.60 1,072.38 ST ST ST Total 185.000 19,375.03 21,722.70 2,347.67 ST —— Asset Class: Equities ZELTIQ AESTHETICS INC COM (ZLTQ) 6/24/16 6/27/16 7/11/16 129.000 83.000 67.000 26.567 25.830 29.889 55.610 55.610 55.610 3,427.10 2,143.91 2,002.55 7,173.69 4,615.63 3,725.87 3,746.59 2,471.72 1,723.32 ST ST ST 7/13/16 93.000 31.306 55.610 2,911.50 5,171.73 2,260.23 ST 7/14/16 83.000 32.166 55.610 2,669.80 4,615.63 1,945.83 ST Total 455.000 13,154.86 25,302.55 12,147.69 ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 113 of 128 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.22%$1,248,273.92 $1,433,026.71 $163,932.68 $20,820.09 LT ST $7,084.00 0.49% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,248,273.92 $1,473,995.55 $163,932.68 $20,820.09 LT ST $7,088.00 $0.00 0.48% TOTAL VALUE (includes accrued interest)100.00%$1,473,995.55 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 $40,968.84 —————— Stocks —$1,433,026.71 ————— TOTAL ALLOCATION OF ASSETS $40,968.84 $1,433,026.71 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/6 3/9 Sold THE ADVISORY BOARD CO ACTED AS AGENT 494.000 $45.1492 $22,303.21 3/13 3/16 Bought STRATASYS LTD SHS ACTED AS AGENT 37.000 19.1350 (708.00) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $21,595.21 TOTAL PURCHASES $(708.00) TOTAL SALES AND REDEMPTIONS $22,303.21 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) 3/3 Qualified Dividend RITCHIE BROTHERS AUCTIONEERS $136.12 3/3 Qualified Dividend BIO-TECHNE CORP 84.48 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 3 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 114 of 128 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 3/3 Dividend RITCHIE BROTHERS AUCTIONEERS ADJ GROSS DIV AMOUNT 24.02 FOREIGN TAX PAID IS 24.02 0.00 3/6 Qualified Dividend NATL INSTRUMS CP 331.17 3/10 Qualified Dividend ROLLINS INC 98.21 3/10 Qualified Dividend SNAP-ON INC 78.10 3/17 Qualified Dividend COGNEX CORP 33.00 3/20 Qualified Dividend CHEMED CORPORATION 59.80 3/24 Qualified Dividend HLTH CARE SVC GRP 189.79 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/01-03/31) 0.29 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,010.96 TOTAL QUALIFIED DIVIDENDS $1,010.67 TOTAL INTEREST $0.29 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 3/8 Service Fee Adj ADVISORY FEE REBATE $2,183.39 3/8 Service Fee ADVISORY FEE REBATE (1,625.41) 3/16 Service Fee ADVISORY INCEPTION FEE (565.49) TOTAL OTHER CREDITS AND DEBITS $(7.51) TOTAL OTHER DEBITS $(7.51) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/3 Automatic Investment BANK DEPOSIT PROGRAM $220.60 3/6 Automatic Investment BANK DEPOSIT PROGRAM 331.17 3/9 Automatic Investment BANK DEPOSIT PROGRAM 557.98 3/10 Automatic Investment BANK DEPOSIT PROGRAM 22,479.52 3/16 Automatic Redemption BANK DEPOSIT PROGRAM (708.00) 3/17 Automatic Redemption BANK DEPOSIT PROGRAM (532.49) 3/20 Automatic Investment BANK DEPOSIT PROGRAM 59.80 3/24 Automatic Investment BANK DEPOSIT PROGRAM 189.79 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.29 NET ACTIVITY FOR PERIOD $22,598.66 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 115 of 128 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 THE ADVISORY BOARD CO 01/12/15 03/06/17 434.000 $19,594.32 $21,124.65 $(1,530.33) 02/16/16 03/06/17 60.000 2,708.89 2,414.74 294.15 Long-Term This Period $22,303.21 $23,539.39 $(1,236.18) Long-Term Year to Date $50,322.83 $45,809.38 $4,513.45 Net Realized Gain/(Loss) This Period $22,303.21 $23,539.39 $(1,236.18) Net Realized Gain/(Loss) Year to Date $50,322.83 $45,809.38 $4,513.45 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 December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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 1 7 4 M S A D S 2 5 1 0 1 2 0 3 4 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 116 of 128 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 660-110222-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) TOTAL BEGINNING VALUE $947,692.60 $842,833.69 Normal Contributions —— Debits 43.90 (1,306.94) Security Transfers —— Net Credits/Debits/Transfers $43.90 $(1,306.94) Change in Value 24,668.87 130,878.62 TOTAL ENDING VALUE $972,405.37 $972,405.37 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period March 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 0 1 2 3 4 5 ($ ) 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 117 of 128 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $35,827.37 3.68 Equities 936,578.00 96.32 TOTAL VALUE $972,405.37 100.00% 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. 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 5 Account Summary CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 118 of 128 BALANCE SHEET (^ includes accrued interest) Last Period (as of 2/28/17) This Period (as of 3/31/17) Cash, BDP, MMFs $22,139.88 $40,287.27 Stocks 930,395.20 936,578.00 Net Unsettled Purchases/Sales (4,842.48)(4,459.90) Total Assets $947,692.60 $972,405.37 Total Liabilities (outstanding balance)—— TOTAL VALUE $947,692.60 $972,405.37 CASH FLOW This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) OPENING CASH, BDP, MMFs $22,139.88 $4,698.79 Purchases (48,947.00)(91,432.78) Sales and Redemptions 67,232.23 116,377.23 Prior Net Unsettled Purch/Sales (4,842.48)N/A 2016 Net Unsettled Purch/Sales N/A 6,622.46 Net Unsettled Purch/Sales 4,459.90 4,459.90 Income and Distributions 200.84 868.61 Total Investment Related Activity $18,103.49 $36,895.42 Other Debits 43.90 (1,306.94) Total Cash Related Activity $43.90 $(1,306.94) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $40,287.27 $40,287.27 INCOME AND DISTRIBUTION SUMMARY This Period (3/1/17-3/31/17) This Year (1/1/17-3/31/17) Qualified Dividends $200.65 $868.12 Interest 0.19 0.49 Total Taxable Income And Distributions $200.84 $868.61 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $200.84 $868.61 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 (3/1/17-3/31/17) Realized This Year (1/1/17-3/31/17) Unrealized Inception to Date (as of 3/31/17) Short-Term Gain —$1,808.78 $35,753.80 Short-Term (Loss)——(13,416.87) Total Short-Term —$1,808.78 $22,336.93 Long-Term Gain 18,938.77 20,286.96 111,659.29 Long-Term (Loss)(111.61)(1,041.59)(29,225.52) Total Long-Term $18,827.16 $19,245.37 $82,433.77 TOTAL GAIN/(LOSS)$18,827.16 $21,054.15 $104,770.70 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 March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Columbia Mgmt - Select LC Grwth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 119 of 128 † 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 #$40,287.27 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $40,287.27 $4.00 NET UNSETTLED PURCHASES/SALES $(4,459.90) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)3.68%$35,827.37 # 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 % ACTIVISION BLIZZARD INC (ATVI) 6/20/16 9/6/16 567.000 86.000 $38.833 43.500 $49.860 49.860 $22,018.48 3,741.04 $28,270.62 4,287.96 $6,252.14 546.92 ST ST Total 653.000 25,759.52 32,558.58 6,799.06 ST 196.00 0.60 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 6 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 120 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 05/10/17; Asset Class: Equities ACUITY BRANDS INC (AYI) 8/10/15 2/17/16 1/30/17 49.000 19.000 21.000 209.685 191.398 200.784 204.000 204.000 204.000 10,274.59 3,636.57 4,216.47 9,996.00 3,876.00 4,284.00 (278.59) 239.43 67.53 LT LT ST 3/21/17 11.000 206.038 204.000 2,266.42 2,244.00 (22.42)ST Total 100.000 20,394.05 20,400.00 (39.16) 45.11 LT ST 52.00 0.25 Next Dividend Payable 05/2017; Asset Class: Equities ADOBE SYSTEMS (ADBE) 9/8/15 2/17/16 215.000 22.000 78.832 80.362 130.130 130.130 16,948.82 1,767.96 27,977.95 2,862.86 11,029.13 1,094.90 LT LT Total 237.000 18,716.78 30,840.81 12,124.03 LT —— Asset Class: Equities ALEXION PHARM INC (ALXN) 5/6/15 6/12/15 9/24/15 33.000 98.000 47.000 152.351 172.310 155.894 121.240 121.240 121.240 5,027.59 16,886.37 7,327.01 4,000.92 11,881.52 5,698.28 (1,026.67) (5,004.85) (1,628.73) LT LT LT 9/30/15 5.000 153.342 121.240 766.71 606.20 (160.51)LT 2/17/16 28.000 145.470 121.240 4,073.17 3,394.72 (678.45)LT Total 211.000 34,080.85 25,581.64 (8,499.21)LT —— Asset Class: Equities ALIBABA GROUP HLDG LTD (BABA) 10/9/15 12/22/15 2/17/16 11.000 25.000 74.000 68.419 84.736 66.600 107.830 107.830 107.830 752.61 2,118.41 4,928.40 1,186.13 2,695.75 7,979.42 433.52 577.34 3,051.02 LT LT LT 2/19/16 241.000 67.274 107.830 16,213.15 25,987.03 9,773.88 LT Total 351.000 24,012.57 37,848.33 13,835.76 LT —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 2/17/16 4/4/16 16.000 11.000 19.000 497.298 528.230 592.554 886.540 886.540 886.540 7,956.77 5,810.53 11,258.52 14,184.64 9,751.94 16,844.26 6,227.87 3,941.41 5,585.74 LT LT ST Total 46.000 25,025.82 40,780.84 10,169.28 5,585.74 LT ST —— Asset Class: Equities BRISTOL MYERS SQUIBB CO (BMY) 3/4/15 3/4/15 3/12/15 279.000 30.000 89.000 65.449 68.409 66.500 54.380 54.380 54.380 18,260.25 2,052.26 5,918.54 15,172.02 1,631.40 4,839.82 (3,088.23) (420.86) (1,078.72) LT LT LT H 9/30/15 104.000 59.285 54.380 6,165.69 5,655.52 (510.17)LT 8/9/16 45.000 61.938 54.380 2,787.22 2,447.10 (340.12)ST Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 121 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 8/15/16 64.000 60.549 54.380 3,875.14 3,480.32 (394.82)ST 9/7/16 66.000 56.806 54.380 3,749.22 3,589.08 (160.14)ST Total 677.000 42,808.32 36,815.26 (5,097.98) (895.08) LT ST 1,056.00 2.86 Next Dividend Payable 05/2017; Basis Adjustment Due to Wash Sale: $194.11; Asset Class: Equities CELGENE CORP (CELG) 7/1/15 8/24/15 2/17/16 53.000 150.000 57.000 117.677 116.533 105.400 124.430 124.430 124.430 6,236.87 17,479.97 6,007.79 6,594.79 18,664.50 7,092.51 357.92 1,184.53 1,084.72 LT LT LT 11/11/16 30.000 119.493 124.430 3,584.78 3,732.90 148.12 ST Total 290.000 33,309.41 36,084.70 2,627.17 148.12 LT ST —— Asset Class: Equities CHARLES SCHWAB NEW (SCHW) 6/20/16 7/11/16 7/13/16 308.000 122.000 176.000 27.750 25.901 26.306 40.810 40.810 40.810 8,547.07 3,159.93 4,629.80 12,569.48 4,978.82 7,182.56 4,022.41 1,818.89 2,552.76 ST ST ST H 3/30/17 109.000 40.917 40.810 4,459.90 4,448.29 (11.61)ST Total 715.000 20,796.70 29,179.15 8,382.45 ST 229.00 0.78 Next Dividend Payable 05/2017; Basis Adjustment Due to Wash Sale: $569.53; Asset Class: Equities COSTCO WHOLESALE CORP NEW (COST) 11/11/16 3/6/17 3/17/17 119.000 18.000 15.000 148.564 166.708 167.945 167.690 167.690 167.690 17,679.16 3,000.75 2,519.18 19,955.11 3,018.42 2,515.35 2,275.95 17.67 (3.83) ST ST ST Total 152.000 23,199.09 25,488.88 2,289.79 ST 274.00 1.07 Next Dividend Payable 05/2017; Asset Class: Equities DEXCOM INC (DXCM) 10/16/15 2/17/16 11/11/16 137.000 51.000 58.000 83.509 61.568 65.813 84.730 84.730 84.730 11,440.73 3,139.99 3,817.15 11,608.01 4,321.23 4,914.34 167.28 1,181.24 1,097.19 LT LT ST Total 246.000 18,397.87 20,843.58 1,348.52 1,097.19 LT ST —— Asset Class: Equities DOMINOS PIZZA INC (DPZ) 2/23/17 3/21/17 104.000 15.000 184.263 184.937 184.300 184.300 19,163.35 2,774.05 19,167.20 2,764.50 3.85 (9.55) ST ST Total 119.000 21,937.40 21,931.70 (5.70)ST 219.00 0.99 Next Dividend Payable 06/2017; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 4/6/16 10/26/16 16.000 169.000 34.000 85.508 106.918 95.691 94.070 94.070 94.070 1,368.12 18,069.16 3,253.51 1,505.12 15,897.83 3,198.38 137.00 (2,171.33) (55.13) LT ST ST 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 7 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 122 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 11/11/16 17.000 91.676 94.070 1,558.49 1,599.19 40.70 ST 3/2/17 55.000 93.403 94.070 5,137.17 5,173.85 36.68 ST Total 291.000 29,386.45 27,374.37 137.00 (2,149.08) LT ST —— Asset Class: Equities FACEBOOK INC CL-A (FB) 8/31/15 279.000 90.658 142.050 25,293.53 39,631.95 14,338.42 LT —— Asset Class: Equities ILLUMINA INC (ILMN) 9/4/15 1/4/16 2/17/16 100.000 34.000 47.000 193.160 182.651 153.700 170.640 170.640 170.640 19,316.00 6,210.12 7,223.90 17,064.00 5,801.76 8,020.08 (2,252.00) (408.36) 796.18 LT LT LT 11/11/16 15.000 139.419 170.640 2,091.28 2,559.60 468.32 ST Total 196.000 34,841.30 33,445.44 (1,864.18) 468.32 LT ST —— Asset Class: Equities INTERCEPT PHARMACEUTICALS INC (ICPT) 6/19/15 8/26/15 12/21/15 59.000 1.000 32.000 256.817 173.500 162.030 113.100 113.100 113.100 15,152.19 173.50 5,184.98 6,672.90 113.10 3,619.20 (8,479.29) (60.40) (1,565.78) LT LT LT H H 2/17/16 38.000 121.380 113.100 4,612.44 4,297.80 (314.64)LT 6/3/16 52.000 171.365 113.100 8,910.99 5,881.20 (3,029.79)ST 11/11/16 27.000 110.272 113.100 2,977.35 3,053.70 76.35 ST Total 209.000 37,011.45 23,637.90 (10,420.11) (2,953.44) LT ST —— Basis Adjustment Due to Wash Sale: $6,785.57; Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 2/17/16 5/3/16 177.000 115.000 95.000 47.147 48.439 48.132 59.870 59.870 59.870 8,344.96 5,570.44 4,572.55 10,596.99 6,885.05 5,687.65 2,252.03 1,314.61 1,115.10 LT LT ST 3/20/17 80.000 61.314 59.870 4,905.10 4,789.60 (115.50)ST Total 467.000 23,393.05 27,959.29 3,566.64 999.60 LT ST 374.00 1.33 Next Dividend Payable 06/2017; Asset Class: Equities MERCADOLIBRE INC (MELI) 9/3/15 2/17/16 52.000 59.000 112.215 97.848 211.470 211.470 5,835.20 5,773.06 10,996.44 12,476.73 5,161.24 6,703.67 LT LT Total 111.000 11,608.26 23,473.17 11,864.91 LT 67.00 0.28 Next Dividend Payable 04/17/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 123 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MONSTER BEVERAGE CORP NEW COM (MNST) 6/16/15 2/17/16 3/10/16 207.000 156.000 237.000 44.209 41.897 43.928 46.170 46.170 46.170 9,151.19 6,535.91 10,410.86 9,557.19 7,202.52 10,942.29 406.00 666.61 531.43 LT LT LT Total 600.000 26,097.96 27,702.00 1,604.04 LT —— Asset Class: Equities NIKE INC B (NKE) 3/12/15 2/17/16 4/4/16 83.000 109.000 174.000 48.391 57.310 59.859 55.730 55.730 55.730 4,016.45 6,246.79 10,415.55 4,625.59 6,074.57 9,697.02 609.14 (172.22) (718.53) LT LT ST 5/23/16 229.000 56.358 55.730 12,905.87 12,762.17 (143.70)ST 9/28/16 66.000 53.542 55.730 3,533.76 3,678.18 144.42 ST Total 661.000 37,118.42 36,837.53 436.92 (717.81) LT ST 476.00 1.29 Next Dividend Payable 04/03/17; Asset Class: Equities NVIDIA CORPORATION (NVDA) 12/1/16 12/28/16 1/26/17 26.000 67.000 72.000 89.363 109.862 108.762 108.930 108.930 108.930 2,323.44 7,360.75 7,830.88 2,832.18 7,298.31 7,842.96 508.74 (62.44) 12.08 ST ST ST 2/24/17 49.000 98.826 108.930 4,842.48 5,337.57 495.09 ST 3/17/17 45.000 104.826 108.930 4,717.16 4,901.85 184.69 ST Total 259.000 27,074.71 28,212.87 1,138.16 ST 145.00 0.51 Next Dividend Payable 06/2017; Asset Class: Equities PALO ALTO NETWORKS INC (PANW) 2/17/16 6/3/16 38.000 126.000 130.213 139.750 112.680 112.680 4,948.11 17,608.45 4,281.84 14,197.68 (666.27) (3,410.77) LT ST Total 164.000 22,556.56 18,479.52 (666.27) (3,410.77) LT ST —— Asset Class: Equities PRICELINE GRP INC COM NEW (PCLN) 12/19/14 2/17/16 20.000 2.000 1,107.075 1,230.860 1,779.970 1,779.970 22,141.50 2,461.72 35,599.40 3,559.94 13,457.90 1,098.22 LT LT Total 22.000 24,603.22 39,159.34 14,556.12 LT —— Asset Class: Equities SALESFORCE.COM,INC. (CRM) 2/17/16 9/21/16 10/6/16 256.000 87.000 58.000 63.147 73.208 71.171 82.490 82.490 82.490 16,165.71 6,369.06 4,127.89 21,117.44 7,176.63 4,784.42 4,951.73 807.57 656.53 LT ST ST Total 401.000 26,662.66 33,078.49 4,951.73 1,464.10 LT ST —— Asset Class: Equities 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 8 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 124 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SERVICENOW INC (NOW) 2/17/16 2/19/16 6/8/16 78.000 87.000 183.000 54.230 54.741 77.332 87.470 87.470 87.470 4,229.94 4,762.48 14,151.68 6,822.66 7,609.89 16,007.01 2,592.72 2,847.41 1,855.33 LT LT ST Total 348.000 23,144.10 30,439.56 5,440.13 1,855.33 LT ST —— Asset Class: Equities SHIRE PLC ADR (SHPG) 9/6/16 9/21/16 72.000 28.000 194.309 204.636 174.230 174.230 13,990.24 5,729.82 12,544.56 4,878.44 (1,445.68) (851.38) ST ST Total 100.000 19,720.06 17,423.00 (2,297.06)ST 91.00 0.52 Next Dividend Payable 04/25/17; Asset Class: Equities SPLUNK INC (SPLK) 8/28/15 12/31/15 2/17/16 174.000 191.000 145.000 62.398 59.379 34.070 62.290 62.290 62.290 10,857.22 11,341.31 4,940.15 10,838.46 11,897.39 9,032.05 (18.76) 556.08 4,091.90 LT LT LT Total 510.000 27,138.68 31,767.90 4,629.22 LT —— Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 7/25/16 9/6/16 315.000 125.000 81.000 56.696 58.002 56.035 58.390 58.390 58.390 17,859.18 7,250.29 4,538.87 18,392.85 7,298.75 4,729.59 533.67 48.46 190.72 ST ST ST 10/11/16 95.000 52.862 58.390 5,021.85 5,547.05 525.20 ST Total 616.000 34,670.19 35,968.24 1,298.05 ST 616.00 1.71 Next Dividend Payable 05/2017; Asset Class: Equities ULTA BEAUTY INC (ULTA) 11/23/16 1/31/17 37.000 24.000 262.418 268.025 285.230 285.230 9,709.48 6,432.60 10,553.51 6,845.52 844.03 412.92 ST ST Total 61.000 16,142.08 17,399.03 1,256.95 ST —— Asset Class: Equities UNITEDHEALTH GP INC (UNH) 3/20/17 3/22/17 57.000 57.000 169.058 167.210 164.010 164.010 9,636.29 9,530.98 9,348.57 9,348.57 (287.72) (182.41) ST ST Total 114.000 19,167.27 18,697.14 (470.13)ST 285.00 1.52 Next Dividend Payable 06/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 3/12/15 8/26/15 9/24/15 78.000 23.000 66.000 123.046 123.464 109.640 109.350 109.350 109.350 9,597.55 2,839.67 7,236.25 8,529.30 2,515.05 7,217.10 (1,068.25) (324.62) (19.15) LT LT LT 9/29/15 5.000 100.484 109.350 502.42 546.75 44.33 LT 2/17/16 70.000 86.611 109.350 6,062.78 7,654.50 1,591.72 LT 2/19/16 33.000 87.377 109.350 2,883.45 3,608.55 725.10 LT 5/4/16 85.000 81.020 109.350 6,886.72 9,294.75 2,408.03 ST Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 125 of 128 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 360.000 36,008.84 39,366.00 949.13 2,408.03 LT ST —— Asset Class: Equities VISA INC CL A (V) 6/26/15 317.000 68.549 88.870 21,730.13 28,171.79 6,441.66 LT 209.00 0.74 Next Dividend Payable 06/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.32%$831,807.30 $936,578.00 $82,433.77 $22,336.93 LT ST $4,289.00 0.46% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $831,807.30 $972,405.37 $82,433.77 $22,336.93 LT ST $4,293.00 $0.00 0.44% TOTAL VALUE (includes accrued interest)100.00%$972,405.37 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 $35,827.37 —————— Stocks —$936,578.00 ————— TOTAL ALLOCATION OF ASSETS $35,827.37 $936,578.00 ————— 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 3 9 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 126 of 128 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 3/2 3/7 Bought EDWARD LIFESCIENCES CORP ACTED AS AGENT 55.000 $93.4031 $(5,137.17) 3/6 3/9 Bought COSTCO WHOLESALE CORP NEW ACTED AS AGENT 18.000 166.7083 (3,000.75) 3/14 3/17 Sold MOBILEYE N.V.ACTED AS AGENT 801.000 60.9240 48,799.05 3/17 3/22 Bought NVIDIA CORPORATION ACTED AS AGENT 45.000 104.8257 (4,717.16) 3/17 3/22 Bought COSTCO WHOLESALE CORP NEW ACTED AS AGENT 15.000 167.9455 (2,519.18) 3/20 3/23 Bought UNITEDHEALTH GP INC ACTED AS AGENT 57.000 169.0577 (9,636.29) 3/20 3/23 Bought INTERCONTINENTALEXCHANGE GROUP ACTED AS AGENT 80.000 61.3137 (4,905.10) 3/21 3/24 Bought DOMINOS PIZZA INC ACTED AS AGENT 15.000 184.9364 (2,774.05) 3/21 3/24 Bought ACUITY BRANDS INC ACTED AS AGENT 11.000 206.0381 (2,266.42) 3/22 3/27 Bought UNITEDHEALTH GP INC ACTED AS AGENT 57.000 167.2101 (9,530.98) 3/24 3/29 Sold BIOGEN INC COM ACTED AS AGENT 67.000 275.1282 18,433.18 3/30 4/4 Bought CHARLES SCHWAB NEW ACTED AS AGENT 109.000 40.9165 (4,459.90) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $18,285.23 TOTAL PURCHASES $(48,947.00) TOTAL SALES AND REDEMPTIONS $67,232.23 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) 3/30 4/4 Bought CHARLES SCHWAB NEW UNSETTLED PURCHASE 109.000 $40.9165 $(4,459.90) NET UNSETTLED PURCHASES/SALES $(4,459.90) 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) 3/7 Qualified Dividend VISA INC CL A $52.31 3/17 Qualified Dividend NVIDIA CORPORATION 23.10 3/30 Qualified Dividend DOMINOS PIZZA INC 47.84 3/31 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 77.40 3/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 03/01-03/31) 0.19 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $200.84 TOTAL QUALIFIED DIVIDENDS $200.65 TOTAL INTEREST $0.19 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 127 of 128 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 3/8 Service Fee Adj ADVISORY FEE REBATE $1,350.84 3/8 Service Fee ADVISORY FEE REBATE (1,005.63) 3/16 Service Fee ADVISORY INCEPTION FEE (428.79) 3/20 Service Fee Adj ADVISORY FEE REBATE 428.79 3/20 Service Fee ADVISORY INCEPTION FEE (301.31) TOTAL OTHER CREDITS AND DEBITS $43.90 TOTAL OTHER DEBITS $43.90 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 3/1 Automatic Redemption BANK DEPOSIT PROGRAM $(4,842.48) 3/7 Automatic Redemption BANK DEPOSIT PROGRAM (5,084.86) 3/9 Automatic Redemption BANK DEPOSIT PROGRAM (2,655.54) 3/17 Automatic Redemption BANK DEPOSIT PROGRAM (405.69) 3/20 Automatic Investment BANK DEPOSIT PROGRAM 48,799.05 3/21 Automatic Investment BANK DEPOSIT PROGRAM 127.48 3/22 Automatic Redemption BANK DEPOSIT PROGRAM (7,236.34) 3/23 Automatic Redemption BANK DEPOSIT PROGRAM (14,541.39) 3/24 Automatic Redemption BANK DEPOSIT PROGRAM (5,040.47) 3/27 Automatic Redemption BANK DEPOSIT PROGRAM (9,530.98) 3/30 Automatic Investment BANK DEPOSIT PROGRAM 18,481.02 3/31 Automatic Investment BANK DEPOSIT PROGRAM 77.40 3/31 Automatic Investment BANK DEPOSIT PROGRAM 0.19 NET ACTIVITY FOR PERIOD $18,147.39 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 BIOGEN INC COM 09/04/15 03/24/17 35.000 $9,629.27 $9,740.88 $(111.61) 09/29/15 03/24/17 9.000 2,476.10 2,323.89 152.21 02/17/16 03/24/17 23.000 6,327.81 5,604.11 723.70 MOBILEYE N.V.09/16/15 03/14/17 55.000 3,350.75 2,669.38 681.37 12/23/15 03/14/17 538.000 32,776.39 22,139.29 10,637.10 02/17/16 03/14/17 208.000 12,671.91 5,927.52 6,744.39 00 0 1 7 4 M S A D S 2 5 1 0 1 2 0 4 0 Account Detail CLIENT STATEMENT For the Period March 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 128 of 128 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments Long-Term This Period $67,232.23 $48,405.07 $18,827.16 Long-Term Year to Date $82,699.85 $63,454.48 $19,245.37 Net Realized Gain/(Loss) This Period $67,232.23 $48,405.07 $18,827.16 Net Realized Gain/(Loss) Year to Date $116,377.23 $95,323.08 $21,054.15 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 December 31, 2016 Morgan Stanley Smith Barney LLC had net capital of $3,946 which exceeded the Securities and Exchange Commission's minimum requirement by $3,797. A copy of the Morgan Stanley Smith Barney LLC Consolidated Statement of Financial Condition at December 31, 2016 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 March 15, 2017. Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Make Your Annual IRA Contribution The deadline to make your 2016 IRA contribution is April 18, 2017, so there is still time to contribute to a Traditional or Roth IRA, subject to IRS eligibility requirements (including any applicable age or income restrictions). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older) for 2016. These limits apply to all your IRAs combined. Your Financial Advisor or Private Wealth Advisor can help you open a new IRA or fund an existing one. You can even move funds from an existing Morgan Stanley non-retirement account to fund your contribution. Speak with your Financial Advisor or Private Wealth Advisor about making an IRA contribution for 2017 at the same time and take advantage of a year of additional potential growth. Introducing Market Value Over Time Chart Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months. "Physical Security Restricted Legend Removal" Fee As a reminder, effective May 1, 2017, clients who request the removal of a restricted legend from their physical security will be charged a $300 processing fee. This fee represents the processing expense incurred by the transfer agent and custodian, which was previously absorbed by Morgan Stanley. 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 their 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.