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07 - April 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 4/30/17)$17,278,128.82 Includes Accrued Interest CLIENT STATEMENT For the Period April 1-30, 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 0001875 11 AB 2.767 11 TR 00028 MSADT252 000000 #BWNJGWM CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM C/O RUSSELL CAFFEY 800 SEMINOLE ROAD ATLANTIC BCH FL 32233-5444 00 1 8 7 5 M S A D T 2 5 2 Consolidated Summary CLIENT STATEMENT For the Period April 1-30, 2017 This summary may include assets held in either brokerage and/or advisory accounts. Visit http://www.morganstanley.com/ourcommitment to understand the differences between brokerage and advisory accounts. Refer to individual Account Gain/(Loss) Summary and Expanded Disclosures for additional information. Accounts with no balances, holdings or activity year-to-date are not displayed on this page. >: Wash sale rules apply to some portion of this total.CONTINUED Page 2 of 118 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 (4/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (4/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page TOTAL FOR ALL ACCOUNTS $17,144,766 $(17,874)—$151,236 $17,278,128 $11,627 $80,517 $(18,382) $66,615 $247,870 $1,075,021 Business Accounts CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-110179-095 923,059 ——7 923,066 7 30 — — — — 7 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Sage Advisory - Intermediate Taxab 660-035174-095 Invest Advisory 4,350,886 (5,207)—25,290 4,370,969 2,725 31,712 (37,778) 2,323 >(3,173) 5,093 > > 11 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-035178-095 Invest Advisory 4,470,705 (2,006)—48,472 4,517,171 — 11,228 — — 68,676 329,939 25 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Pioneer Invest Fundamental Growth Nickname: Pioneer 660-035191-095 Invest Advisory 988,991 (1,306)—25,589 1,013,274 641 4,368 1,208 262 76,144 27,383 31 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM JP Morgan - Equity Income SMA 660-110029-095 Invest Advisory 2,408,183 (3,182)—4,757 2,409,759 4,073 20,540 994 6,356 35,929 255,297 41 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Boston Partners - Smid Cap Value 660-110134-095 Invest Advisory 1,556,538 (2,522)—(2,867)1,551,148 3,608 9,323 6,456 19,179 33,711 178,611 > 63 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Riverbridge Partners - SMID Growth 660-110145-095 Invest Advisory 1,473,995 (2,388)—24,806 1,496,413 357 2,232 12,558 17,222 9,382 174,552 91 Consolidated Summary CLIENT STATEMENT For the Period April 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 3 of 118 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 (4/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (4/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Columbia Mgmt - Select LC Grwth 660-110222-095 Invest Advisory 972,405 (1,260)—25,179 996,324 212 1,081 (1,822) 21,270 27,198 104,145 > > 107 Total Business Accounts $17,144,766 $(17,874)—$151,236 $17,278,128 $11,627 $80,517 $(18,382) $66,615 $247,870 $1,075,021 00 1 8 7 5 M S A D T 2 5 2 Consolidated Summary CLIENT STATEMENT For the Period April 1-30, 2017 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. Page 4 of 118 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 14 15 16 17 18 19 ($ ) M i l l i o n s 2016 2017 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $17,144,766.54 $16,453,513.18 Credits —— Debits (17,874.31)(35,382.65) Security Transfers —— Net Credits/Debits/Transfers $(17,874.31)$(35,382.65) Change in Value 151,236.59 859,998.29 TOTAL ENDING VALUE $17,278,128.82 $17,278,128.82 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 $1,349,731.72 7.81 Equities 10,716,850.34 62.03 Fixed Income & Preferreds 4,162,516.88 24.09 Alternatives 1,049,029.88 6.07 TOTAL VALUE $17,278,128.82 100.00 % 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 April 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 5 of 118 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $1,374,266.82 $1,271,031.47 Purchases (476,692.48)(2,938,705.41) Sales and Redemptions 446,965.18 2,963,488.94 Prior Net Unsettled Purch/Sales 9,102.61 N/A 2016 Net Unsettled Purch/Sales N/A 4,599.04 Net Unsettled Purch/Sales 254.87 254.87 Return of Principal 2,336.67 4,182.60 Income and Distributions 11,627.23 80,517.73 Total Investment Related Activity $(6,405.92)$114,337.77 Other Debits (17,874.31)(35,382.65) Total Cash Related Activity $(17,874.31)$(35,382.65) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $1,349,986.59 $1,349,986.59 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $1,374,266.82 $1,349,986.59 Stocks 7,202,213.93 7,313,518.53 ETFs & CEFs 2,709,783.65 2,746,946.30 Corporate Fixed Income ^2,256,548.28 2,358,603.04 Government Securities^1,889,672.64 1,794,726.64 Mutual Funds 1,703,178.61 1,714,602.59 Net Unsettled Purchases/Sales 9,102.61 (254.87) Total Assets $17,144,766.54 $17,278,128.82 Total Liabilities (outstanding balance)—— TOTAL VALUE $17,144,766.54 $17,278,128.82 00 1 8 7 5 M S A D T 2 5 2 Standard Disclosures CLIENT STATEMENT For the Period April 1-30, 2017 Page 6 of 118 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $923,059.13 $923,036.35 Credits —— Debits —— Security Transfers —— Net Credits/Debits/Transfers —— Change in Value 7.58 30.36 TOTAL ENDING VALUE $923,066.71 $923,066.71 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 500 700 900 1,100 1,300 1,500 ($ ) 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 7 of 118 ASSET ALLOCATION (includes accrued interest) Cash Market Value Percentage Cash $923,066.71 100.00 TOTAL VALUE $923,066.71 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement.00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 8 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $923,059.13 $923,066.71 Total Assets $923,059.13 $923,066.71 Total Liabilities (outstanding balance)—— TOTAL VALUE $923,059.13 $923,066.71 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $923,059.13 $923,036.35 Income and Distributions 7.58 30.36 Total Investment Related Activity $7.58 $30.36 Total Cash Related Activity —— Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $923,066.71 $923,066.71 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Interest $7.58 $30.36 Total Taxable Income And Distributions $7.58 $30.36 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $7.58 $30.36 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) TOTAL GAIN/(LOSS)——— The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period April 1-30, 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 118 † 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. #$678,064.70 —$68.00 0.010 MORGAN STANLEY PRIVATE BANK NA #245,002.01 —25.00 0.010 BANK DEPOSITS $923,066.71 $93.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 100.00%$923,066.71 $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 $923,066.71 $93.00 $0.00 0.01% TOTAL VALUE (includes accrued interest)100.00%$923,066.71 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 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 10 of 118 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $923,066.71 —————— TOTAL ALLOCATION OF ASSETS $923,066.71 —————— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 4/28 Interest Income MORGAN STANLEY BANK N.A. (Period 04/01-04/30) $5.57 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 2.01 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $7.58 TOTAL INTEREST $7.58 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/28 Automatic Investment BANK DEPOSIT PROGRAM $5.57 4/28 Automatic Investment BANK DEPOSIT PROGRAM 2.01 NET ACTIVITY FOR PERIOD $7.58 MESSAGES 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. 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $4,350,886.90 $4,326,962.48 Credits —— Debits (5,207.27)(10,425.63) Security Transfers —— Net Credits/Debits/Transfers $(5,207.27)$(10,425.63) Change in Value 25,290.11 54,432.89 TOTAL ENDING VALUE $4,370,969.74 $4,370,969.74 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 4.1 4.2 4.3 4.4 4.5 4.6 ($ ) 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 11 of 118 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $217,640.06 4.98 Fixed Income & Preferreds 4,153,329.68 95.02 TOTAL VALUE $4,370,969.74 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 12 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $175,416.54 $217,640.06 Corporate Fixed Income^2,256,548.28 2,358,603.04 Government Securities^1,889,672.64 1,794,726.64 Net Unsettled Purchases/Sales 29,249.44 — Total Assets $4,350,886.90 $4,370,969.74 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,350,886.90 $4,370,969.74 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $175,416.54 $114,965.18 Purchases (314,558.71)(2,348,775.73) Sales and Redemptions 327,678.14 2,425,981.46 Prior Net Unsettled Purch/Sales 29,249.44 N/A Return of Principal 2,336.67 4,182.60 Income and Distributions 2,725.25 31,712.18 Total Investment Related Activity $47,430.79 $113,100.51 Other Debits (5,207.27)(10,425.63) Total Cash Related Activity $(5,207.27)$(10,425.63) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $217,640.06 $217,640.06 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Interest $2,725.25 $31,712.18 Total Taxable Income And Distributions $2,725.25 $31,712.18 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $2,725.25 $31,712.18 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain $2,811.15 $3,834.75 $10,099.69 Short-Term (Loss)(1,838.45)(41,613.56)(13,272.75) Total Short-Term $972.70 $(37,778.81)$(3,173.06) Long-Term Gain —2,323.47 7,606.31 Long-Term (Loss)——(2,513.06) Total Long-Term —$2,323.47 $5,093.25 TOTAL GAIN/(LOSS)$972.70 $(35,455.34)$1,920.19 Disallowed Loss —$2,259.63 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 April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 13 of 118 ADDITIONAL ACCOUNT INFORMATION Category This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17)Category This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Accrued Interest Paid $1,811.95 $11,852.16 Accrued Interest Received 1,412.75 9,009.52 U.S. Treasury Coupon Interest 53.87 6,328.87 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 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 14 of 118 † 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. #$217,640.05 —$22.00 0.010 MORGAN STANLEY PRIVATE BANK NA #0.01 ——0.010 BANK DEPOSITS $217,640.06 $22.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 4.98%$217,640.06 $22.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. CORPORATE FIXED INCOME CORPORATE BONDS Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % VODAFONE GROUP PLC Coupon Rate 1.250%; Matures 09/26/2017; CUSIP 92857WAY6 5/13/16 70,000.000 $99.874 $99.874 $99.947 $69,911.80 $69,911.80 $69,962.90 $51.10 ST $438.00 $82.63 0.62 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.380%; Moody BAA1 S&P BBB+; Issued 09/26/12; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 15 of 118 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % AMERICAN EXPRESS CO Coupon Rate 1.550%; Matures 05/22/2018; CUSIP 025816BG3 5/12/16 6/23/16 64,000.000 23,000.000 100.281 100.149 100.357 100.200 99.894 99.894 64,179.84 64,095.12 23,082.11 23,045.98 63,932.16 22,975.62 (162.96) (70.36) ST ST Total 87,000.000 87,261.95 87,141.10 86,907.78 (233.32)ST 1,349.00 591.84 1.55 Int. Semi-Annually May/Nov 22; Yield to Maturity 1.651%; 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 77,000.000 101.250 100.706 100.238 77,962.50 77,543.43 77,183.26 (360.17)ST 1,463.00 406.38 1.89 Int. Semi-Annually Jan/Jul 20; Yield to Maturity 1.702%; 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 86,000.000 101.376 100.685 100.721 87,183.36 86,588.98 86,620.06 31.08 LT 1,927.00 182.01 2.22 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.719%; 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 68,000.000 103.012 101.391 103.182 101.958 101.339 101.339 15,451.80 15,208.64 70,163.76 69,331.44 15,200.85 68,910.52 (7.79) (420.92) LT LT Total 83,000.000 85,615.56 84,540.08 84,111.37 (428.71)LT 1,971.00 574.94 2.34 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.577%; 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 74,000.000 113.834 112.903 112.808 84,237.16 83,547.89 83,477.92 (69.97)ST 6,327.00 2,899.87 7.57 Int. Semi-Annually May/Nov 15; Yield to Maturity 2.107%; 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 86,000.000 100.769 100.640 100.635 86,661.34 86,550.26 86,546.10 (4.16)ST 1,892.00 830.37 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 PRUDENTIAL FINL INC Coupon Rate 5.375%; Matures 06/21/2020; CUSIP 74432QBM6 1/14/15 11/18/15 8,000.000 69,000.000 114.539 108.655 112.310 108.589 109.757 109.757 9,163.12 8,692.43 77,493.90 74,926.29 8,780.56 75,732.33 88.13 806.04 LT LT Total 77,000.000 86,657.02 83,618.72 84,512.89 894.17 LT 4,139.00 1,483.05 4.89 Int. Semi-Annually Jun/Dec 21; Yield to Maturity 2.146%; 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 76,000.000 106.562 106.149 106.723 80,987.12 80,673.24 81,109.48 436.24 ST 3,420.00 427.50 4.21 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.413%; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 16 of 118 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 % CONOCOPHILLIPS COMPANY Coupon Rate 4.200%; Matures 03/15/2021; CUSIP 20826FAS5 1/10/17 80,000.000 106.491 106.045 106.956 85,192.80 84,835.96 85,564.80 728.84 ST 3,360.00 420.00 3.92 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/21; Yield to Call 2.274%; 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 83,000.000 111.829 109.041 110.003 92,818.07 90,504.03 91,302.49 798.46 LT 4,358.00 1,125.68 4.77 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.735%; 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 97.255 100.695 88,502.05 88,502.05 91,632.45 3,130.40 ST 3,049.00 635.10 3.32 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 05/15/22; Yield to Call 3.199%; 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 96.934 100.423 100.423 3,895.08 3,895.08 79,485.88 79,485.88 4,016.92 82,346.86 121.84 2,860.98 LT LT Total 86,000.000 83,380.96 83,380.96 86,363.78 2,982.82 LT 2,494.00 1,205.43 2.88 Int. Semi-Annually May/Nov 06; Yield to Maturity 2.817%; 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 86,000.000 100.842 100.820 101.146 86,724.12 86,705.22 86,985.56 280.34 ST 2,639.00 703.82 3.03 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 01/24/22; Yield to Call 2.808%; 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 99.660 100.125 100.102 101.605 101.605 7,972.80 7,972.80 78,097.50 78,079.53 8,128.40 79,251.90 155.60 1,172.37 LT LT Total 86,000.000 86,070.30 86,052.33 87,380.30 1,327.97 LT 2,752.00 726.22 3.14 Int. Semi-Annually Jan/Jul 25; Yield to Maturity 2.894%; Moody A3 S&P A-; Issued 01/25/13; Asset Class: FI & Pref ANHEUSER-BUSCH INBEV FIN Coupon Rate 3.300%; Matures 02/01/2023; CUSIP 035242AL0 4/5/16 83,000.000 104.564 103.902 102.735 86,788.12 86,238.39 85,270.05 (968.34)LT 2,739.00 677.14 3.21 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 12/01/22; Yield to Call 2.768%; Moody A3 S&P A-; Issued 01/25/16; Asset Class: FI & Pref ECOPETROL SA Coupon Rate 5.875%; Matures 09/18/2023; CUSIP 279158AC3 2/2/17 79,000.000 107.350 107.124 108.220 84,806.50 84,628.32 85,493.80 865.48 ST 4,641.00 541.47 5.42 Int. Semi-Annually Mar/Sep 18; Yield to Maturity 4.384%; 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 88,000.000 100.058 100.054 97.620 88,051.04 88,047.42 85,905.60 (2,141.82)ST 1,980.00 65.99 2.30 Int. Semi-Annually Apr/Oct 18; Yield to Maturity 2.653%; Moody AA3 S&P AA-; Issued 10/18/16; Asset Class: FI & Pref AT&T INC Coupon Rate 3.400%; Matures 05/15/2025; CUSIP 00206RCN0 4/7/17 88,000.000 97.050 97.050 97.383 85,404.00 85,404.00 85,697.04 293.04 ST 2,992.00 1,371.33 3.49 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 17 of 118 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 15; Callable $100.00 on 02/15/25; Yield to Maturity 3.780%; Moody BAA1 (-) S&P BBB+ (-); Issued 05/04/15; Asset Class: FI & Pref HEALTH CARE REIT INC Coupon Rate 4.000%; Matures 06/01/2025; CUSIP 42217KBF2 5/20/16 83,000.000 102.442 102.225 102.612 85,026.86 84,846.46 85,167.96 321.50 ST 3,320.00 1,374.11 3.89 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 03/01/25; Yield to Call 3.614%; 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 82,000.000 107.141 106.773 103.452 87,855.62 87,554.16 84,830.64 (2,723.52)ST 3,649.00 577.75 4.30 Int. Semi-Annually Mar/Sep 03; Yield to Maturity 3.982%; 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 87,000.000 111.762 111.595 111.512 97,232.94 97,087.57 97,015.44 (72.13)ST 5,111.00 1,703.74 5.26 Int. Semi-Annually Jun/Dec 31; Callable $100.00 on 12/31/25; Yield to Call 4.271%; Moody BA1 S&P BBB-; Issued 06/14/16; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 3.200%; Matures 10/21/2026; CUSIP 172967KY6 12/24/16 90,000.000 97.371 97.371 96.641 87,633.90 87,633.90 86,976.90 (657.00)ST H 2,880.00 72.00 3.31 Int. Semi-Annually Apr/Oct 21; Callable $100.00 on 07/21/26; Yield to Maturity 3.622%; Moody BAA1 S&P BBB+; Issued 10/21/16; Basis Adjustment Due to Wash Sale: $501.30; Asset Class: FI & Pref AIR LEASE CORP Coupon Rate 3.625%; Matures 04/01/2027; CUSIP 00912XAV6 4/11/17 4/13/17 4/17/17 62,000.000 13,000.000 13,000.000 98.882 98.882 99.145 99.145 99.474 99.474 99.242 99.242 99.242 61,306.84 61,306.84 12,888.85 12,888.85 12,931.62 12,931.62 61,530.04 12,901.46 12,901.46 223.20 12.61 (30.16) ST ST ST Total 88,000.000 87,127.31 87,127.31 87,332.96 205.65 ST 3,190.00 460.77 3.65 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 01/01/27; Yield to Maturity 3.717%; First Coupon 10/01/17; S&P BBB; Issued 03/08/17; Asset Class: FI & Pref CORPORATE BONDS 1,996,000.000 $2,059,092.40 $2,048,663.58 $2,053,351.53 $4,637.45 $50.50 LT ST $72,080.00 $19,139.14 3.51% 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 1.373%; 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 $100.482 100.482 $29,905.08 $29,905.08 124,326.13 124,326.13 $30,144.60 125,602.50 $239.52 1,276.37 LT LT Total 155,000.000 154,231.21 154,231.21 155,747.10 1,515.89 LT 2,129.00 76.89 1.36 Interest Paid Monthly Apr 17; Yield to Maturity 1.253%; Floater; Moody AAA S&P AAA; Issued 02/13/14; Asset Class: FI & Pref 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 18 of 118 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 99.789 100.146 129,725.83 129,725.83 130,189.80 463.97 ST 2,366.00 98.58 1.81 Interest Paid Monthly Apr 15; Yield to Maturity 1.791%; S&P AAA; Issued 12/08/16; Asset Class: FI & Pref OTHER FIXED INCOME 285,000.000 $283,957.04 $283,957.04 $285,936.90 $1,515.89 $463.97 LT ST $4,495.00 $175.47 1.57% 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 2,281,000.000 $2,343,049.44 $2,332,620.62 $2,339,288.43 $6,153.34 $514.47 LT ST $76,575.00 $19,314.61 3.27% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 53.96%$2,358,603.04 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 $99.750 $94,911.27 $94,911.27 $94,762.50 $(148.77)ST $594.00 $246.30 0.62 Int. Semi-Annually May/Nov 31; Yield to Maturity 1.055%; 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 99.117 48,598.20 48,598.20 48,567.33 (30.87)ST 368.00 75.12 0.75 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.250%; 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 47,000.000 100.396 100.386 100.679 100.661 100.878 100.855 99.559 99.559 99.559 40,158.40 40,154.27 16,108.57 16,105.74 47,412.54 47,401.77 39,823.60 15,929.44 46,792.73 (330.67) (176.30) (609.04) LT LT LT H H H 7/4/16 19,000.000 101.290 101.257 99.559 19,245.19 19,238.78 18,916.21 (322.57)ST H 7/19/16 50,000.000 101.094 100.856 99.559 50,547.05 50,427.85 49,779.50 (648.35)ST Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 19 of 118 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 % 8/30/16 108,000.000 100.836 100.676 99.559 108,903.20 108,729.81 107,523.72 (1,206.09)ST 11/16/16 189,000.000 99.688 99.688 99.559 188,409.94 188,409.94 188,166.51 (243.43)ST Total 469,000.000 470,784.89 470,468.16 466,931.71 (1,116.01) (2,420.44) LT ST 5,863.00 1,441.33 1.25 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.414%; 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 83,000.000 101.586 105.553 101.177 86,914.42 87,609.22 87,328.42 (280.80)ST 108.00 4.42 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.03991000; Moody AAA; Issued 04/15/15; Current Face 86,312.530; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.125%; Matures 01/31/2021; CUSIP 912828B58 4/18/17 52,000.000 102.082 102.065 101.762 53,082.85 53,073.61 52,916.24 (157.37)ST 1,105.00 271.67 2.08 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.639%; Moody AAA; Issued 01/31/14; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 08/15/2026; CUSIP 9128282A7 12/9/16 9,000.000 92.051 92.051 93.516 8,284.61 8,284.60 8,416.44 131.84 ST 135.00 27.59 1.60 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.278%; Moody AAA; Issued 08/15/16; Asset Class: FI & Pref UNITED STATES TREASURY NOTE-INFLATION INDEXED Coupon Rate 0.375%; Matures 01/15/2027; CUSIP 912828V49 2/9/17 87,000.000 99.907 100.753 100.261 86,853.64 87,654.85 87,937.09 282.24 ST 329.00 95.40 0.37 Int. Semi-Annually Jan/Jul 15; Factor 1.00814000; Issued 01/15/17; Current Face 87,708.180; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.250%; Matures 02/15/2027; CUSIP 912828V98 3/22/17 3/23/17 128,000.000 80,000.000 98.653 98.653 98.454 98.454 99.707 99.707 126,275.46 126,275.45 78,762.80 78,762.80 127,624.96 79,765.60 1,349.51 1,002.80 ST ST Total 208,000.000 205,038.26 205,038.25 207,390.56 2,352.31 ST 4,680.00 956.68 2.25 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.283%; Moody AAA; Issued 02/15/17; Asset Class: FI & Pref TREASURY SECURITIES 1,052,000.000 $1,054,468.14 $1,055,638.16 $1,054,250.29 $(1,116.01) $(271.86) LT ST $13,182.00 $3,118.51 1.25% 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 20 of 118 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 $100.348 102.293 101.675 102.300 101.854 $100.721 100.721 100.721 $15,081.15 $15,052.23 71,605.10 71,172.31 131,967.26 131,391.84 $15,108.15 70,504.70 129,930.09 $55.92 (667.61) (1,461.75) LT ST ST Total 214,000.000 218,653.51 217,616.38 215,542.94 55.92 (2,129.36) LT ST 3,745.00 1,602.02 1.73 Int. Semi-Annually May/Nov 26; Yield to Maturity 1.463%; 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 98.049 89,942.40 89,942.40 88,244.10 (1,698.30)ST 1,238.00 1.40 Int. Semi-Annually May/Nov 24; Yield to Maturity 1.875%; 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 2/9/17 207,000.000 105.410 105.410 105.354 217,498.12 214,916.19 214,801.60 (114.59)ST 8,155.00 656.96 3.79 Interest Paid Monthly Jan 01; Yield to Maturity 3.701%; Factor .98495446; Issued 01/01/17; Current Face 203,885.573; Asset Class: FI & Pref FEDERAL NATIONAL MTG ASSN POOL MA2896 Coupon Rate 3.500%; Matures 02/01/2047; CUSIP 31418CGE8 2/7/17 212,000.000 102.668 102.668 102.919 217,171.58 215,392.14 215,918.72 526.58 ST 7,343.00 591.50 3.40 Interest Paid Monthly Jan 01; Yield to Maturity 3.344%; Factor .98959818; Issued 01/01/17; Current Face 209,794.814; Asset Class: FI & Pref FEDERAL AGENCIES 723,000.000 $743,265.61 $737,867.11 $734,507.36 $55.92 $(3,415.67) LT ST $20,481.00 $2,850.48 2.79% 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 1,775,000.000 $1,797,733.75 $1,793,505.27 $1,788,757.65 $(1,060.09) $(3,687.53) LT ST $33,663.00 $5,968.99 1.88% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 41.06%$1,794,726.64 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,126,125.89 $4,345,686.14 $5,093.25 $(3,173.06) LT ST $110,260.00 $25,283.60 2.52% Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 21 of 118 TOTAL VALUE (includes accrued interest)100.00%$4,370,969.74 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 (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $217,640.06 —————— Corporate Fixed Income^——$2,358,603.04 ———— Government Securities^——1,794,726.64 ———— TOTAL ALLOCATION OF ASSETS^$217,640.06 —$4,153,329.68 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/7 4/12 Sold AT&T INC 3600 *23FB17 ACTED AS AGENT ACCRUED INTEREST 456.50 83,000.000 $101.3970 $84,616.01 4/7 4/12 Bought AT&T INC 3400 *25MY15 ACTED AS AGENT ACCRUED INTEREST 1,221.73 88,000.000 97.0500 (86,625.73) 4/11 4/12 Sold US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 180.99 52,000.000 99.5504 51,947.20 4/11 4/17 Bought AIR LEASE CORP 3625 *27AP01 ACTED AS AGENT ACCRUED INTEREST 243.48 62,000.000 98.8820 (61,550.32) 4/13 4/17 Sold US TSY NOTE 1500 26AU15 ACTED AS AGENT ACCRUED INTEREST 32.86 13,000.000 93.5855 12,198.98 4/13 4/19 Bought AIR LEASE CORP 3625 *27AP01 ACTED AS AGENT ACCRUED INTEREST 53.67 13,000.000 99.1450 (12,942.52) 4/17 4/18 Sold US TSY NOTE 1500 26AU15 ACTED AS AGENT ACCRUED INTEREST 33.40 13,000.000 93.9059 12,241.17 4/17 4/20 Bought AIR LEASE CORP 3625 *27AP01 ACTED AS AGENT ACCRUED INTEREST 54.98 13,000.000 99.4740 (12,986.60) 4/18 4/19 Sold US TSY NOTE 1500 26AU15 ACTED AS AGENT ACCRUED INTEREST 219.28 84,000.000 94.1285 79,287.22 4/18 4/19 Bought US TSY NOTE 2125 21JA31 ACTED AS AGENT ACCRUED INTEREST 238.09 52,000.000 102.0824 (53,320.94) 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 22 of 118 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/18 4/21 Sold CITIGROUP INC 2500 19JL29 ACTED AS AGENT ACCRUED INTEREST 489.72 86,000.000 101.0440 87,387.56 4/18 4/21 Bought CITIGROUP INC 3200 *26OC21 ACTED AS AGENT 90,000.000 96.8140 (87,132.60) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $13,119.43 TOTAL PURCHASES $(314,558.71) TOTAL SALES AND REDEMPTIONS $327,678.14 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. RETURN OF PRINCIPAL Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Principal Payment FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $1,315.00 4/25 Principal Payment FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 1,021.67 TOTAL RETURN OF PRINCIPAL $2,336.67 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Interest Income FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $684.00 4/17 Interest Income BACCT 2014-A1 A 1373 *21JNRG CUSIP: 05522RCQ9 183.60 4/17 Interest Income US TSY NOTE TIIN 0125 20AP15 CUSIP: 912828K33 53.87 4/18 Interest Income TOYOTA MOTOR CRED 2250 23OC18 CUSIP: 89236TDK8 990.00 4/18 Interest Income COMET 2016-A6 A 1820 *22SPRG CUSIP: 14041NFH9 197.17 4/25 Interest Income FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 614.88 4/28 Interest Income MORGAN STANLEY BANK N.A. (Period 04/01-04/30) 1.72 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 0.01 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $2,725.25 TOTAL INTEREST $2,725.25 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(5,207.27) TOTAL OTHER CREDITS AND DEBITS $(5,207.27) TOTAL OTHER DEBITS $(5,207.27) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/3 Automatic Investment BANK DEPOSIT PROGRAM $34,289.43 4/5 Automatic Investment BANK DEPOSIT PROGRAM 29,249.44 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 23 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 4/13 Automatic Investment BANK DEPOSIT PROGRAM 49,937.48 4/17 Automatic Redemption BANK DEPOSIT PROGRAM (47,433.96) 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (3,898.18) 4/19 Automatic Investment BANK DEPOSIT PROGRAM 12,438.34 4/20 Automatic Investment BANK DEPOSIT PROGRAM 37.16 4/24 Automatic Investment BANK DEPOSIT PROGRAM 254.96 4/25 Automatic Investment BANK DEPOSIT PROGRAM 1,021.67 4/26 Automatic Investment BANK DEPOSIT PROGRAM 614.88 4/28 Automatic Investment BANK DEPOSIT PROGRAM 1.72 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.01 NET ACTIVITY FOR PERIOD $76,512.95 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 AT&T INC 3.600 2-17-23 06/16/16 04/07/17 83,000.000 $84,159.51 $85,899.56 $(1,740.05) CITIGROUP INC 2 1/2 7-29-19 03/23/17 04/18/17 86,000.000 86,897.84 86,739.02 158.82 CITIGROUP INC 3.200 10-21-26 11/28/16 03/23/17 90,000.000 85,855.50 86,356.80 (501.30)W Disallowed Loss Based On Wash Sale: $501.30 FHLMC 30G G08749 4.000 1-01-47 02/09/17 04/15/17 1,315.000 1,315.00 1,386.14 (71.14) FNMA POOL MA2896 3 1/2 2-01-47 02/07/17 04/25/17 1,021.670 1,021.67 1,048.93 (27.26) US TSY NOTE 1 1/2 8-15-26 12/09/16 04/13/17 13,000.000 12,166.12 11,966.65 199.47 12/09/16 04/17/17 13,000.000 12,207.77 11,966.65 241.12 12/09/16 04/18/17 84,000.000 79,067.94 77,323.01 1,744.93 US TSY NOTE 1 1/4 1-31-20 03/29/16 03/16/17 40,000.000 39,631.12 40,063.74 (432.62)W 04/05/16 03/16/17 47,000.000 46,566.57 47,304.59 (738.02)W 04/05/16 03/23/17 16,000.000 15,884.32 16,103.00 (218.68)W 06/27/16 03/23/17 19,000.000 18,862.63 19,239.48 (376.85)W 06/27/16 03/23/17 11,000.000 10,920.47 11,138.65 (218.18) Disallowed Loss Based On Wash Sale: $1,758.33 US TSY NOTE 2 1/4 2-15-27 03/22/17 04/11/17 52,000.000 51,766.21 51,299.40 466.81 Short-Term This Period $328,602.06 $327,629.36 $972.70 Short-Term Year to Date $2,241,348.22 $2,279,127.03 $(37,778.81) Net Realized Gain/(Loss) This Period $328,602.06 $327,629.36 $972.70 Net Realized Gain/(Loss) Year to Date $2,421,154.54 $2,454,763.95 $(35,455.34) 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 24 of 118 Disallowed Loss Based On Wash Sale Year to Date: $2,259.63 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 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. 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 Consulting Group Advisor Active Assets Account 660-035178-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $4,470,705.84 $4,236,016.96 Credits —— Debits (2,006.31)(3,698.39) Security Transfers —— Net Credits/Debits/Transfers $(2,006.31)$(3,698.39) Change in Value 48,472.33 284,853.29 TOTAL ENDING VALUE $4,517,171.86 $4,517,171.86 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 2.7 3.1 3.5 3.9 4.3 4.7 ($ ) M i l l i o n s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 25 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $64,810.17 1.43 Equities 3,574,631.23 79.13 Alternatives 877,730.46 19.43 TOTAL VALUE $4,517,171.86 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 26 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $66,815.94 $64,810.17 ETFs & CEFs 2,700,711.29 2,737,759.10 Mutual Funds 1,703,178.61 1,714,602.59 Total Assets $4,470,705.84 $4,517,171.86 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,470,705.84 $4,517,171.86 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $66,815.94 $57,279.95 Income and Distributions 0.54 11,228.61 Total Investment Related Activity $0.54 $11,228.61 Other Debits (2,006.31)(3,698.39) Total Cash Related Activity $(2,006.31)$(3,698.39) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $64,810.17 $64,810.17 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Other Dividends —$11,226.69 Interest 0.54 1.92 Total Taxable Income And Distributions $0.54 $11,228.61 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $0.54 $11,228.61 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain ——$68,676.22 Long-Term Gain ——329,939.04 TOTAL GAIN/(LOSS)——$398,615.26 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period April 1-30, 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 27 of 118 † 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. #$64,810.17 —$6.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.43%$64,810.17 $6.00 # 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 $218.600 218.600 $1,572,414.75 22,727.09 $1,806,073.20 29,073.80 $233,658.45 6,346.71 LT LT Total 8,395.000 1,595,141.84 1,835,147.00 240,005.16 LT 34,671.00 1.88 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 50.700 50.700 786,158.36 32,890.76 861,240.90 41,371.20 75,082.54 8,480.44 LT LT Total 17,803.000 819,049.12 902,612.10 83,562.98 LT 24,230.00 2.68 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 28 of 118 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 60.61%$2,414,190.96 $2,737,759.10 $323,568.14 LT $58,901.00 2.15% 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 $13.620 13.620 $786,000.00 22,270.00 $788,896.10 25,446.10 $2,896.10 3,176.10 LT LT Purchases 59,790.176 808,270.00 814,342.20 6,072.20 LT Long Term Reinvestments 678.890 8,947.78 9,246.48 298.70 LT Short Term Reinvestments 975.290 12,044.83 13,283.45 1,238.62 ST Total 61,444.356 829,262.61 836,872.13 6,370.90 1,238.62 LT ST 12,227.00 1.46 Total Purchases vs Market Value Net Value Increase/(Decrease) 808,270.00 836,872.13 28,602.13 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 14.080 803,390.00 870,803.01 67,413.01 ST Purchases 61,846.805 803,390.00 870,803.01 67,413.01 ST Short Term Reinvestments 492.006 6,902.85 6,927.44 24.59 ST Total 62,338.811 810,292.85 877,730.46 67,437.60 ST 16,333.00 1.86 Total Purchases vs Market Value Net Value Increase/(Decrease) 803,390.00 877,730.46 74,340.46 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Alt Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 29 of 118 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MUTUAL FUNDS 37.96%$1,639,555.46 $1,714,602.59 $6,370.90 $68,676.22 LT ST $28,560.00 1.67% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,053,746.42 $4,517,171.86 $329,939.04 $68,676.22 LT ST $87,467.00 $0.00 1.94% TOTAL VALUE (includes accrued interest)100.00%$4,517,171.86 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 $64,810.17 —————— ETFs & CEFs —$2,737,759.10 ————— Mutual Funds —836,872.13 —$877,730.46 ——— TOTAL ALLOCATION OF ASSETS $64,810.17 $3,574,631.23 —$877,730.46 ——— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 4/28 Interest Income MORGAN STANLEY BANK N.A. (Period 04/01-04/30) $0.54 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $0.54 TOTAL INTEREST $0.54 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 30 of 118 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(2,006.31) TOTAL OTHER CREDITS AND DEBITS $(2,006.31) TOTAL OTHER DEBITS $(2,006.31) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/18 Automatic Redemption BANK DEPOSIT PROGRAM $(2,006.31) 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.54 NET ACTIVITY FOR PERIOD $(2,005.77) MESSAGES 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. 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $988,991.35 $912,436.77 Credits —— Debits (1,306.82)(2,432.99) Security Transfers —— Net Credits/Debits/Transfers $(1,306.82)$(2,432.99) Change in Value 25,589.51 103,270.26 TOTAL ENDING VALUE $1,013,274.04 $1,013,274.04 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 0 300 600 900 1,200 1,500 ($ ) 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 31 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $27,869.19 2.75 Equities 985,404.85 97.25 TOTAL VALUE $1,013,274.04 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 32 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $40,497.39 $27,869.19 Stocks 960,174.98 985,404.85 Net Unsettled Purchases/Sales (11,681.02)— Total Assets $988,991.35 $1,013,274.04 Total Liabilities (outstanding balance)—— TOTAL VALUE $988,991.35 $1,013,274.04 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $40,497.39 $20,879.26 Purchases (2,782.90)(71,980.50) Sales and Redemptions 2,500.68 79,058.72 Prior Net Unsettled Purch/Sales (11,681.02)N/A 2016 Net Unsettled Purch/Sales N/A (2,023.42) Income and Distributions 641.86 4,368.12 Total Investment Related Activity $(11,321.38)$9,422.92 Other Debits (1,306.82)(2,432.99) Total Cash Related Activity $(1,306.82)$(2,432.99) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $27,869.19 $27,869.19 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Qualified Dividends $641.61 $4,367.22 Interest 0.25 0.90 Total Taxable Income And Distributions $641.86 $4,368.12 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $641.86 $4,368.12 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain —$2,880.73 $88,426.61 Short-Term (Loss)(84.72)(1,672.10)(12,281.69) Total Short-Term $(84.72)$1,208.63 $76,144.92 Long-Term Gain —262.44 32,336.05 Long-Term (Loss)——(4,952.56) Total Long-Term —$262.44 $27,383.49 TOTAL GAIN/(LOSS)$(84.72)$1,471.07 $103,528.41 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 April 1-30, 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 33 of 118 † 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. #$27,869.19 —$3.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 2.75%$27,869.19 $3.00 # 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 % ADOBE SYSTEMS (ADBE) 1/25/17 2/13/17 124.000 20.000 $113.773 117.802 $133.740 133.740 $14,107.85 2,356.04 $16,583.76 2,674.80 $2,475.91 318.76 ST ST Total 144.000 16,463.89 19,258.56 2,794.67 ST —— Asset Class: Equities ALLERGAN PLC SHS (AGN) 8/22/16 2/23/17 108.000 22.000 253.850 246.826 243.860 243.860 27,415.80 5,430.18 26,336.88 5,364.92 (1,078.92) (65.26) ST ST Total 130.000 32,845.98 31,701.80 (1,144.18)ST 364.00 1.14 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 34 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ALPHABET INC CL C (GOOG) 8/22/16 58.000 771.889 905.960 44,769.55 52,545.68 7,776.13 ST —— Asset Class: Equities AMAZON COM INC (AMZN) 12/22/14 9/4/15 12/22/16 19.000 23.000 19.000 306.614 497.298 767.787 924.990 924.990 924.990 5,825.67 11,437.85 14,587.96 17,574.81 21,274.77 17,574.81 11,749.14 9,836.92 2,986.85 LT LT ST Total 61.000 31,851.48 56,424.39 21,586.06 2,986.85 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 72.310 72.310 72.310 5,019.14 1,223.60 2,625.36 5,784.80 1,373.89 2,964.71 765.66 150.29 339.35 ST ST ST 9/29/16 22.000 64.925 72.310 1,428.34 1,590.82 162.48 ST 10/7/16 42.000 64.987 72.310 2,729.47 3,037.02 307.55 ST 3/30/17 17.000 71.896 72.310 1,222.24 1,229.27 7.03 ST Total 221.000 14,248.15 15,980.51 1,732.36 ST 141.00 0.88 Next Dividend Payable 07/2017; Asset Class: Equities APPLE INC (AAPL) 8/22/16 11/9/16 11/16/16 439.000 18.000 10.000 108.358 109.850 110.170 143.650 143.650 143.650 47,569.21 1,977.30 1,101.70 63,062.35 2,585.70 1,436.50 15,493.14 608.40 334.80 ST ST ST 12/22/16 23.000 116.482 143.650 2,679.08 3,303.95 624.87 ST Total 490.000 53,327.29 70,388.50 17,061.21 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 21.000 200.056 222.574 220.810 220.810 17,004.77 4,674.06 18,768.85 4,637.01 1,764.08 (37.05) ST ST Total 106.000 21,678.83 23,405.86 1,727.03 ST 432.00 1.84 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 23.240 23.240 23.240 10,294.00 1,063.40 1,553.11 9,296.00 1,208.48 1,557.08 (998.00) 145.08 3.97 ST ST ST Total 519.000 12,910.51 12,061.56 (848.95)ST 42.00 0.34 Next Dividend Payable 05/2017; Asset Class: Equities CELGENE CORP (CELG) 11/20/14 4/22/15 7/1/15 77.000 139.000 43.000 107.805 115.781 117.677 124.050 124.050 124.050 8,300.99 16,093.55 5,060.11 9,551.85 17,242.95 5,334.15 1,250.86 1,149.40 274.04 LT LT LT 8/22/16 36.000 113.952 124.050 4,102.27 4,465.80 363.53 ST Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 35 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 295.000 33,556.92 36,594.75 2,674.30 363.53 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 60.230 60.230 60.230 11,560.51 2,277.44 992.11 12,106.23 2,710.35 1,084.14 545.72 432.91 92.03 ST ST ST Total 264.000 14,830.06 15,900.72 1,070.66 ST —— Asset Class: Equities COLGATE PALMOLIVE CO (CL) 8/22/16 11/9/16 122.000 22.000 74.535 70.327 72.040 72.040 9,093.33 1,547.20 8,788.88 1,584.88 (304.45) 37.68 ST ST Total 144.000 10,640.53 10,373.76 (266.77)ST 230.00 2.21 Next Dividend Payable 05/15/17; 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 82.440 82.440 82.440 13,089.95 9,504.77 16,279.62 10,552.32 7,089.84 13,685.04 (2,537.63) (2,414.93) (2,594.58) LT LT ST 11/9/16 14.000 75.287 82.440 1,054.02 1,154.16 100.14 ST 12/22/16 21.000 79.677 82.440 1,673.22 1,731.24 58.02 ST Total 415.000 41,601.58 34,212.60 (4,952.56) (2,436.42) LT ST 830.00 2.42 Next Dividend Payable 05/01/17; Asset Class: Equities ECOLAB INC (ECL) 8/22/16 125.000 122.120 129.090 15,264.97 16,136.25 871.28 ST 185.00 1.14 Next Dividend Payable 07/2017; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 74.000 85.508 109.670 6,327.56 8,115.58 1,788.02 LT —— Asset Class: Equities GILEAD SCIENCE (GILD) 8/22/16 193.000 81.027 68.550 15,638.13 13,230.15 (2,407.98)ST 401.00 3.03 Next Dividend Payable 06/2017; Asset Class: Equities HERSHEY COMPANY (HSY) 8/22/16 152.000 113.933 108.200 17,317.82 16,446.40 (871.42)ST 376.00 2.28 Next Dividend Payable 06/2017; Asset Class: Equities HOME DEPOT INC (HD) 8/22/16 11/9/16 266.000 21.000 135.387 124.808 156.100 156.100 36,012.84 2,620.97 41,522.60 3,278.10 5,509.76 657.13 ST ST Total 287.000 38,633.81 44,800.70 6,166.89 ST 1,022.00 2.28 Next Dividend Payable 06/2017; Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 8/22/16 2/13/17 368.000 115.000 13.000 47.147 55.938 59.033 60.200 60.200 60.200 17,349.96 6,432.92 767.43 22,153.60 6,923.00 782.60 4,803.64 490.08 15.17 LT ST ST 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 36 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 496.000 24,550.31 29,859.20 4,803.64 505.25 LT ST 397.00 1.32 Next Dividend Payable 06/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 8/22/16 86.000 137.269 138.590 11,805.17 11,918.74 113.57 ST 220.00 1.84 Next Dividend Payable 07/2017; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 8/22/16 10/26/16 160.000 18.000 119.247 113.967 123.470 123.470 19,079.46 2,051.41 19,755.20 2,222.46 675.74 171.05 ST ST Total 178.000 21,130.87 21,977.66 846.79 ST 598.00 2.72 Next Dividend Payable 06/2017; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 8/22/16 10/7/16 108.000 19.000 127.365 122.442 129.750 129.750 13,755.42 2,326.39 14,013.00 2,465.25 257.58 138.86 ST ST Total 127.000 16,081.81 16,478.25 396.44 ST 493.00 2.99 Next Dividend Payable 07/2017; 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 74.130 74.130 74.130 9,329.86 1,607.06 3,210.50 9,488.64 1,630.86 3,187.59 158.78 23.80 (22.91) ST ST ST 3/30/17 23.000 74.480 74.130 1,713.04 1,704.99 (8.05)ST Total 216.000 15,860.46 16,012.08 151.62 ST 294.00 1.83 Next Dividend Payable 05/15/17; 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 37.020 37.020 37.020 4,643.95 4,927.05 3,056.51 5,256.84 5,293.86 3,331.80 612.89 366.81 275.29 ST ST ST 11/9/16 20.000 30.911 37.020 618.22 740.40 122.18 ST Total 395.000 13,245.73 14,622.90 1,377.17 ST 158.00 1.08 Next Dividend Payable 05/08/17; Asset Class: Equities MASTERCARD INC CL A (MA) 8/22/16 400.000 95.827 116.320 38,330.64 46,528.00 8,197.36 ST 352.00 0.75 Next Dividend Payable 05/09/17; Asset Class: Equities MEDTRONIC PLC SHS (MDT) 8/22/16 265.000 87.457 83.090 23,176.00 22,018.85 (1,157.15)ST 456.00 2.07 Next Dividend Payable 07/2017; Asset Class: Equities MICROSOFT CORP (MSFT) 8/22/16 3/30/17 4/5/17 795.000 21.000 42.000 57.587 65.899 66.260 68.460 68.460 68.460 45,781.67 1,383.88 2,782.90 54,425.70 1,437.66 2,875.32 8,644.03 53.78 92.42 ST ST ST Total 858.000 49,948.45 58,738.68 8,790.23 ST 1,338.00 2.27 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 37 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 55.410 55.410 55.410 5,790.55 1,066.68 2,687.80 6,760.02 1,163.61 2,659.68 969.47 96.93 (28.12) LT ST ST Total 191.000 9,545.03 10,583.31 969.47 68.81 LT ST 138.00 1.30 Next Dividend Payable 07/2017; Asset Class: Equities O'REILLY AUTOMOTIVE INC NEW (ORLY) 8/22/16 49.000 287.588 248.150 14,091.83 12,159.35 (1,932.48)ST —— Asset Class: Equities PEPSICO INC NC (PEP) 8/22/16 262.000 108.027 113.280 28,302.97 29,679.36 1,376.39 ST 789.00 2.65 Next Dividend Payable 06/2017; Asset Class: Equities RAYTHEON CO (NEW) (RTN) 8/22/16 176.000 142.893 155.210 25,149.20 27,316.96 2,167.76 ST 561.00 2.05 Next Dividend Payable 05/11/17; Asset Class: Equities REYNOLDS AMERICAN INC (RAI) 8/22/16 3/10/17 335.000 22.000 50.625 60.680 64.500 64.500 16,959.51 1,334.96 21,607.50 1,419.00 4,647.99 84.04 ST ST Total 357.000 18,294.47 23,026.50 4,732.03 ST 728.00 3.16 Next Dividend Payable 07/2017; Asset Class: Equities ROSS STORES INC (ROST) 8/22/16 10/7/16 194.000 21.000 64.635 64.073 65.000 65.000 12,539.19 1,345.54 12,610.00 1,365.00 70.81 19.46 ST ST Total 215.000 13,884.73 13,975.00 90.27 ST 138.00 0.98 Next Dividend Payable 06/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 8/22/16 84.000 81.820 72.590 6,872.88 6,097.56 (775.32)ST 168.00 2.75 Next Dividend Payable 07/2017; Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 11/16/16 280.000 53.000 56.696 55.418 60.060 60.060 15,874.82 2,937.17 16,816.80 3,183.18 941.98 246.01 ST ST Total 333.000 18,811.99 19,999.98 1,187.99 ST 333.00 1.66 Next Dividend Payable 05/2017; Asset Class: Equities THERMO FISHER SCIENTIFIC (TMO) 8/22/16 10/26/16 192.000 21.000 153.733 146.471 165.330 165.330 29,516.77 3,075.90 31,743.36 3,471.93 2,226.59 396.03 ST ST Total 213.000 32,592.67 35,215.29 2,622.62 ST 128.00 0.36 Next Dividend Payable 07/2017; 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 99.270 99.270 99.270 24,979.80 2,262.07 2,023.42 30,773.70 2,581.02 2,084.67 5,793.90 318.95 61.25 ST ST ST 3/10/17 24.000 98.664 99.270 2,367.93 2,382.48 14.55 ST Total 381.000 31,633.22 37,821.87 6,188.65 ST 613.00 1.62 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 38 of 118 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 UNITED TECHNOLOGIES CORP (UTX) 8/22/16 9/29/16 104.000 22.000 108.667 102.166 118.990 118.990 11,301.33 2,247.65 12,374.96 2,617.78 1,073.63 370.13 ST ST Total 126.000 13,548.98 14,992.74 1,443.76 ST 333.00 2.22 Next Dividend Payable 06/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 11/17/14 11/20/14 60.000 12.000 111.274 110.550 118.300 118.300 6,676.44 1,326.60 7,098.00 1,419.60 421.56 93.00 LT LT Total 72.000 8,003.04 8,517.60 514.56 LT —— Asset Class: Equities WALT DISNEY CO HLDG CO (DIS) 8/22/16 262.000 95.836 115.600 25,108.93 30,287.20 5,178.27 ST 409.00 1.35 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.25%$881,876.44 $985,404.85 $27,383.49 $76,144.92 LT ST $13,784.00 1.40% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $881,876.44 $1,013,274.04 $27,383.49 $76,144.92 LT ST $13,787.00 $0.00 1.36% TOTAL VALUE (includes accrued interest)100.00%$1,013,274.04 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 $27,869.19 —————— Stocks —$985,404.85 ————— TOTAL ALLOCATION OF ASSETS $27,869.19 $985,404.85 ————— Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 39 of 118 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/5 4/10 Sold ROSS STORES INC ACTED AS AGENT 40.000 $62.5186 $2,500.68 4/5 4/10 Bought MICROSOFT CORP ACTED AS AGENT 42.000 66.2595 (2,782.90) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(282.22) TOTAL PURCHASES $(2,782.90) TOTAL SALES AND REDEMPTIONS $2,500.68 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) 4/3 Qualified Dividend REYNOLDS AMERICAN INC $170.85 4/3 Qualified Dividend NIKE INC B 25.74 4/4 Qualified Dividend KIMBERLY CLARK CORP 123.19 4/7 Qualified Dividend INTL FLAVORS & FRAGRANCES 55.04 4/11 Qualified Dividend AMPHENOL CORP NEW CL A 32.64 4/13 Qualified Dividend MEDTRONIC PLC SHS 113.95 4/17 Qualified Dividend ECOLAB INC 46.25 4/17 Qualified Dividend SCHLUMBERGER LTD 42.00 4/17 Qualified Dividend THERMO FISHER SCIENTIFIC 31.95 4/28 Interest Income MORGAN STANLEY BANK N.A. (Period 04/01-04/30) 0.25 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $641.86 TOTAL QUALIFIED DIVIDENDS $641.61 TOTAL INTEREST $0.25 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(1,306.82) TOTAL OTHER CREDITS AND DEBITS $(1,306.82) TOTAL OTHER DEBITS $(1,306.82) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/3 Automatic Investment BANK DEPOSIT PROGRAM $196.59 4/4 Automatic Redemption BANK DEPOSIT PROGRAM (11,557.83) 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 40 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 4/7 Automatic Investment BANK DEPOSIT PROGRAM 55.04 4/10 Automatic Redemption BANK DEPOSIT PROGRAM (282.22) 4/11 Automatic Investment BANK DEPOSIT PROGRAM 32.64 4/13 Automatic Investment BANK DEPOSIT PROGRAM 113.95 4/17 Automatic Investment BANK DEPOSIT PROGRAM 120.20 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (1,306.82) 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.25 NET ACTIVITY FOR PERIOD $(12,628.20) 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 ROSS STORES INC 08/22/16 04/05/17 40.000 $2,500.68 $2,585.40 $(84.72) Short-Term This Period $2,500.68 $2,585.40 $(84.72) Short-Term Year to Date $73,494.81 $72,286.18 $1,208.63 Net Realized Gain/(Loss) This Period $2,500.68 $2,585.40 $(84.72) Net Realized Gain/(Loss) Year to Date $79,058.72 $77,587.65 $1,471.07 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 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. 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $2,408,183.41 $2,323,360.96 Credits —— Debits (3,182.11)(6,729.61) Security Transfers —— Net Credits/Debits/Transfers $(3,182.11)$(6,729.61) Change in Value 4,757.99 93,127.94 TOTAL ENDING VALUE $2,409,759.29 $2,409,759.29 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 1.6 1.8 2 2.2 2.4 2.6 ($ ) 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 41 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $22,699.39 0.94 Equities 2,319,666.51 96.26 Alternatives 67,393.39 2.80 TOTAL VALUE $2,409,759.29 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 42 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $36,365.30 $24,172.05 Stocks 2,375,678.93 2,387,059.90 Net Unsettled Purchases/Sales (3,860.82)(1,472.66) Total Assets $2,408,183.41 $2,409,759.29 Total Liabilities (outstanding balance)—— TOTAL VALUE $2,408,183.41 $2,409,759.29 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $36,365.30 $45,267.52 Purchases (30,798.66)(109,443.30) Sales and Redemptions 20,102.35 73,064.50 Prior Net Unsettled Purch/Sales (3,860.82)N/A Net Unsettled Purch/Sales 1,472.66 1,472.66 Income and Distributions 4,073.33 20,540.28 Total Investment Related Activity $(9,011.14)$(14,365.86) Other Debits (3,182.11)(6,729.61) Total Cash Related Activity $(3,182.11)$(6,729.61) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $24,172.05 $24,172.05 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Qualified Dividends $3,826.00 $19,697.46 Other Dividends 247.09 841.75 Interest 0.24 1.07 Total Taxable Income And Distributions $4,073.33 $20,540.28 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $4,073.33 $20,540.28 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain —$1,107.43 $46,716.86 Short-Term (Loss)—(112.68)(10,786.97) Total Short-Term —$994.75 $35,929.89 Long-Term Gain 4,626.03 7,857.04 290,025.01 Long-Term (Loss)—(1,500.16)(34,727.83) Total Long-Term $4,626.03 $6,356.88 $255,297.18 TOTAL GAIN/(LOSS)$4,626.03 $7,351.63 $291,227.07 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 April 1-30, 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 43 of 118 † 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 $4,983.19 MORGAN STANLEY PRIVATE BANK NA #19,188.86 —2.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $24,172.05 $2.00 NET UNSETTLED PURCHASES/SALES $(1,472.66) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)0.94%$22,699.39 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 44 of 118 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 $195.830 195.830 $14,770.22 2,490.31 $18,408.02 3,133.28 $3,637.80 642.97 LT LT Total 110.000 17,260.53 21,541.30 4,280.77 LT 517.00 2.40 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 43.640 43.640 43.640 13,289.21 1,366.87 2,571.97 13,833.88 1,571.04 2,880.24 544.67 204.17 308.27 LT LT ST Total 419.000 17,228.05 18,285.16 748.84 308.27 LT ST 444.00 2.42 Next Dividend Payable 05/15/17; Asset Class: Equities ABBVIE INC COM (ABBV) 4/6/15 59.000 57.769 65.940 3,408.37 3,890.46 482.09 LT 151.00 3.88 Next Dividend Payable 05/15/17; Asset Class: Equities ACCENTURE PLC IRELAND CL A (ACN) 11/9/15 102.000 104.660 121.300 10,675.32 12,372.60 1,697.28 LT 247.00 1.99 Next Dividend Payable 05/15/17; Asset Class: Equities ALEXANDRIA REAL ESTATE EQ INC (ARE) 11/9/15 53.000 86.271 112.510 4,572.37 5,963.03 1,390.66 LT R 176.00 2.95 Next Dividend Payable 07/2017; Asset Class: Alt ALTRIA GROUP INC (MO) 11/9/15 2/16/16 382.000 78.000 56.930 60.300 71.780 71.780 21,747.45 4,703.40 27,419.96 5,598.84 5,672.51 895.44 LT LT Total 460.000 26,450.85 33,018.80 6,567.95 LT 1,122.00 3.39 Next Dividend Payable 07/2017; Asset Class: Equities AMERIPRISE FINCL INC (AMP) 11/17/15 80.000 113.969 127.850 9,117.49 10,228.00 1,110.51 LT 266.00 2.60 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 76.200 76.200 16,893.70 8,020.49 21,183.60 7,315.20 4,289.90 (705.29) LT ST Total 374.000 24,914.19 28,498.80 4,289.90 (705.29) LT ST 673.00 2.36 Next Dividend Payable 06/2017; Asset Class: Equities APPLE INC (AAPL) 11/9/15 2/16/16 327.000 66.000 120.243 96.317 143.650 143.650 39,319.36 6,356.94 46,973.55 9,480.90 7,654.19 3,123.96 LT LT Total 393.000 45,676.30 56,454.45 10,778.15 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 55.810 55.810 10,131.61 1,051.57 13,003.73 1,506.87 2,872.12 455.30 LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 45 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 260.000 11,183.18 14,510.60 3,327.42 LT 406.00 2.79 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 83.874 104.490 104.490 12,958.94 1,174.23 15,673.50 1,462.86 2,714.56 288.63 LT LT Total 164.000 14,133.17 17,136.36 3,003.19 LT 374.00 2.18 Next Dividend Payable 07/2017; Asset Class: Equities AVALONBAY COMM INC (AVB) 11/9/15 2/16/16 5/10/16 78.000 11.000 16.000 169.190 164.841 192.079 189.840 189.840 189.840 13,196.82 1,813.25 3,073.27 14,807.52 2,088.24 3,037.44 1,610.70 274.99 (35.83) LT LT ST Total 105.000 18,083.34 19,933.20 1,885.69 (35.83) LT ST 596.00 2.98 Next Dividend Payable 07/2017; 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 23.340 23.340 23.340 22,532.05 6,769.51 4,350.34 35,943.60 10,526.34 6,371.82 13,411.55 3,756.83 2,021.48 ST ST ST 11/4/16 671.000 16.695 23.340 11,202.35 15,661.14 4,458.79 ST 12/1/16 133.000 21.847 23.340 2,905.68 3,104.22 198.54 ST Total 3,068.000 47,759.93 71,607.12 23,847.19 ST 920.00 1.28 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 43.180 43.180 43.180 2,798.86 16,601.17 1,884.48 3,324.86 19,474.18 2,115.82 526.00 2,873.01 231.34 LT LT LT 2/16/16 39.000 32.787 43.180 1,278.71 1,684.02 405.31 LT 12/9/16 126.000 46.725 43.180 5,887.34 5,440.68 (446.66)ST Total 742.000 28,450.56 32,039.56 4,035.66 (446.66) LT ST 890.00 2.77 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 22.000 152.187 142.173 159.086 186.970 186.970 186.970 13,088.06 2,416.94 3,499.89 16,079.42 3,178.49 4,113.34 2,991.36 761.55 613.45 LT LT LT Total 125.000 19,004.89 23,371.25 4,366.36 LT 365.00 1.56 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 51.810 51.810 8,616.98 1,926.72 12,641.64 2,227.83 4,024.66 301.11 LT ST Total 287.000 10,543.70 14,869.47 4,024.66 301.11 LT ST 390.00 2.62 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 46 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 07/2017; Asset Class: Equities BLACKROCK INC (BLK) 11/9/15 12/15/15 2/16/16 93.000 14.000 7.000 349.118 325.244 314.557 384.570 384.570 384.570 32,468.00 4,553.42 2,201.90 35,765.01 5,383.98 2,691.99 3,297.01 830.56 490.09 LT LT LT 4/22/16 11.000 368.615 384.570 4,054.77 4,230.27 175.50 LT Total 125.000 43,278.09 48,071.25 4,793.16 LT 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 47.000 109.950 120.097 126.600 126.600 2,748.74 5,644.58 3,165.00 5,950.20 416.26 305.62 LT LT Total 72.000 8,393.32 9,115.20 721.88 LT 216.00 2.36 Next Dividend Payable 07/2017; Asset Class: Alt BRISTOL MYERS SQUIBB CO (BMY) 11/9/15 2/16/16 334.000 30.000 64.769 62.057 56.050 56.050 21,632.71 1,861.72 18,720.70 1,681.50 (2,912.01) (180.22) LT LT Total 364.000 23,494.43 20,402.20 (3,092.23)LT 568.00 2.78 Next Dividend Payable 05/01/17; 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 80.380 80.380 80.380 6,791.15 5,212.20 5,204.43 7,153.82 5,305.08 6,350.02 362.67 92.88 1,145.59 LT LT LT 12/9/16 51.000 89.799 80.380 4,579.73 4,099.38 (480.35)ST Total 285.000 21,787.51 22,908.30 1,601.14 (480.35) LT ST 456.00 1.99 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 97.547 106.700 106.700 106.700 24,214.49 8,179.04 4,292.05 27,955.40 10,349.90 4,694.80 3,740.91 2,170.86 402.75 LT LT LT 4/22/16 17.000 102.160 106.700 1,736.72 1,813.90 77.18 LT 11/1/16 57.000 106.339 106.700 6,061.33 6,081.90 20.57 ST 1/3/17 28.000 117.528 106.700 3,290.78 2,987.60 (303.18)ST 2/14/17 47.000 111.900 106.700 5,259.30 5,014.90 (244.40)ST 2/28/17 45.000 111.981 106.700 5,039.14 4,801.50 (237.64)ST Total 597.000 58,072.85 63,699.90 6,391.70 (764.65) LT ST 2,579.00 4.04 Next Dividend Payable 06/2017; Asset Class: Equities CHUBB LTD (CB) 11/9/15 2/16/16 124.000 15.000 112.204 115.673 137.250 137.250 13,913.31 1,735.10 17,019.00 2,058.75 3,105.69 323.65 LT LT Total 139.000 15,648.41 19,077.75 3,429.34 LT 384.00 2.01 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 47 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 07/2017; Asset Class: Equities CINCINNATI FINANCIAL OHIO (CINF) 11/9/15 2/16/16 121.000 19.000 60.074 61.982 72.090 72.090 7,268.97 1,177.66 8,722.89 1,369.71 1,453.92 192.05 LT LT Total 140.000 8,446.63 10,092.60 1,645.97 LT 280.00 2.77 Next Dividend Payable 07/2017; Asset Class: Equities CINEMARK HOLDINGS INC. (CNK) 11/9/15 3/13/17 229.000 31.000 36.954 43.954 43.200 43.200 8,462.40 1,362.56 9,892.80 1,339.20 1,430.40 (23.36) LT ST Total 260.000 9,824.96 11,232.00 1,430.40 (23.36) LT ST 302.00 2.68 Next Dividend Payable 06/2017; Asset Class: Equities CME GROUP INC (CME) 11/9/15 390.000 97.152 116.190 37,889.12 45,314.10 7,424.98 LT 1,030.00 2.27 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 45.400 45.400 12,405.34 2,720.23 16,434.80 3,178.00 4,029.46 457.77 LT LT Total 432.000 15,125.57 19,612.80 4,487.23 LT 575.00 2.93 Next Dividend Payable 05/2017; Asset Class: Equities COCA COLA CO (KO) 4/24/15 275.000 40.958 43.150 11,263.37 11,866.25 602.88 LT 407.00 3.42 Next Dividend Payable 07/2017; 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 39.190 39.190 39.190 11,030.13 3,211.76 1,436.68 14,108.40 4,154.14 1,959.50 3,078.27 942.38 522.82 LT LT LT Total 516.000 15,678.57 20,222.04 4,543.47 LT 325.00 1.60 Next Dividend Payable 07/2017; 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 47.910 47.910 47.910 25,066.57 284.39 3,077.81 21,942.78 287.46 3,497.43 (3,123.79) 3.07 419.62 LT LT ST 6/7/16 100.000 47.428 47.910 4,742.83 4,791.00 48.17 ST 6/22/16 95.000 44.080 47.910 4,187.58 4,551.45 363.87 ST 11/2/16 102.000 43.105 47.910 4,396.71 4,886.82 490.11 ST 11/9/16 75.000 45.773 47.910 3,432.97 3,593.25 160.28 ST 11/18/16 160.000 44.940 47.910 7,190.40 7,665.60 475.20 ST Total 1,069.000 52,379.26 51,215.79 (3,120.72) 1,957.25 LT ST 1,133.00 2.21 Next Dividend Payable 06/2017; Asset Class: Equities CULLEN FROST BANKERS INC (CFR) 11/17/15 140.000 69.508 94.390 9,731.12 13,214.60 3,483.48 LT 302.00 2.28 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 48 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 62.590 62.590 62.590 3,704.35 1,849.65 5,838.03 4,068.35 2,065.47 6,446.77 364.00 215.82 608.74 LT LT LT 12/9/16 70.000 72.040 62.590 5,042.80 4,381.30 (661.50)ST Total 271.000 16,434.83 16,961.89 1,188.56 (661.50) LT ST 325.00 1.91 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 78.880 78.880 78.880 5,736.06 3,267.81 2,218.05 6,310.40 3,865.12 2,445.28 574.34 597.31 227.23 ST ST ST 11/18/16 32.000 70.000 78.880 2,240.00 2,524.16 284.16 ST 2/2/17 35.000 77.571 78.880 2,714.99 2,760.80 45.81 ST Total 227.000 16,176.91 17,905.76 1,728.85 ST 400.00 2.23 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 91.650 91.650 91.650 14,489.33 2,481.81 4,701.25 15,488.85 2,474.55 4,399.20 999.52 (7.26) (302.05) LT LT ST Total 244.000 21,672.39 22,362.60 992.26 (302.05) LT ST 566.00 2.53 Next Dividend Payable 07/2017; Asset Class: Equities DTE ENERGY COMPANY (DTE) 11/9/15 40.000 79.210 104.590 3,168.40 4,183.60 1,015.20 LT 132.00 3.15 Next Dividend Payable 07/2017; 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 79.750 79.750 79.750 9,117.35 2,892.98 1,175.76 10,925.75 3,429.25 1,595.00 1,808.40 536.27 419.24 LT LT LT Total 200.000 13,186.09 15,950.00 2,763.91 LT 304.00 1.90 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 79.970 79.970 13,843.07 2,782.22 18,712.98 3,598.65 4,869.91 816.43 LT LT Total 279.000 16,625.29 22,311.63 5,686.34 LT 605.00 2.71 Next Dividend Payable 07/2017; 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 82.060 82.060 82.060 11,490.02 2,287.33 1,461.04 11,898.70 2,215.62 1,641.20 408.68 (71.71) 180.16 LT LT LT 5/17/16 34.000 76.509 82.060 2,601.30 2,790.04 188.74 ST Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 49 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 226.000 17,839.69 18,545.56 517.13 188.74 LT ST 470.00 2.53 Next Dividend Payable 06/2017; Asset Class: Equities EXXON MOBIL CORP (XOM) 11/9/15 2/16/16 513.000 84.000 82.058 81.082 81.650 81.650 42,095.71 6,810.88 41,886.45 6,858.60 (209.26) 47.72 LT LT Total 597.000 48,906.59 48,745.05 (161.54)LT 1,839.00 3.77 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 84.190 84.190 14,631.55 1,639.60 18,605.99 2,357.32 3,974.44 717.72 LT LT Total 249.000 16,271.15 20,963.31 4,692.16 LT 289.00 1.37 Next Dividend Payable 06/2017; Asset Class: Equities GENERAL ELECTRIC CO (GE) 4/11/17 4/25/17 414.000 220.000 30.027 29.485 28.990 28.990 12,431.30 6,486.70 12,001.86 6,377.80 (429.44) (108.90) ST ST Total 634.000 18,918.00 18,379.66 (538.34)ST 609.00 3.31 Next Dividend Payable 07/2017; Asset Class: Equities GENL DYNAMICS CORP (GD) 12/15/15 2/16/16 5/2/16 27.000 60.000 19.000 138.700 131.015 142.396 193.790 193.790 193.790 3,744.90 7,860.90 2,705.52 5,232.33 11,627.40 3,682.01 1,487.43 3,766.50 976.49 LT LT ST 7/1/16 32.000 141.083 193.790 4,514.66 6,201.28 1,686.62 ST 9/16/16 30.000 151.111 193.790 4,533.32 5,813.70 1,280.38 ST 11/18/16 13.000 166.955 193.790 2,170.41 2,519.27 348.86 ST Total 181.000 25,529.71 35,075.99 5,253.93 4,292.35 LT ST 608.00 1.73 Next Dividend Payable 05/05/17; 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 92.020 92.020 92.020 13,645.09 1,359.52 3,278.93 14,171.08 1,380.30 3,128.68 525.99 20.78 (150.25) LT LT ST 11/1/16 25.000 88.972 92.020 2,224.29 2,300.50 76.21 ST 11/18/16 25.000 94.179 92.020 2,354.47 2,300.50 (53.97)ST 11/30/16 26.000 96.832 92.020 2,517.62 2,392.52 (125.10)ST Total 279.000 25,379.92 25,673.58 546.77 (253.11) LT ST 753.00 2.93 Next Dividend Payable 07/2017; 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 68.550 68.550 68.550 6,260.40 2,171.35 3,565.07 4,729.95 1,782.30 2,810.55 (1,530.45) (389.05) (754.52) LT ST ST 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 50 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 136.000 11,996.82 9,322.80 (1,530.45) (1,143.57) LT ST 283.00 3.03 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 48.360 48.360 48.360 29,708.16 3,210.39 3,198.45 30,708.60 3,772.08 3,240.12 1,000.44 561.69 41.67 LT LT ST Total 780.000 36,117.00 37,720.80 1,562.13 41.67 LT ST 718.00 1.90 Next Dividend Payable 07/2017; 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 31.350 31.350 31.350 2,489.18 1,719.92 6,179.01 2,727.45 1,724.25 5,454.90 238.27 4.33 (724.11) LT LT ST R R R Total 316.000 10,388.11 9,906.60 242.60 (724.11) LT ST 468.00 4.72 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 22.000 124.061 119.501 135.500 156.100 156.100 156.100 26,301.00 2,151.01 2,981.01 33,093.20 2,809.80 3,434.20 6,792.20 658.79 453.19 LT LT ST 12/13/16 38.000 136.217 156.100 5,176.25 5,931.80 755.55 ST Total 290.000 36,609.27 45,269.00 7,450.99 1,208.74 LT ST 1,032.00 2.27 Next Dividend Payable 06/2017; Asset Class: Equities HONEYWELL INTERNATIONAL INC (HON) 11/9/15 2/16/16 4/22/16 142.000 22.000 30.000 101.819 104.144 112.641 131.140 131.140 131.140 14,458.23 2,291.17 3,379.23 18,621.88 2,885.08 3,934.20 4,163.65 593.91 554.97 LT LT LT 9/16/16 26.000 113.462 131.140 2,950.00 3,409.64 459.64 ST 10/5/16 18.000 115.189 131.140 2,073.41 2,360.52 287.11 ST 11/1/16 20.000 109.239 131.140 2,184.78 2,622.80 438.02 ST 11/10/16 21.000 113.500 131.140 2,383.50 2,753.94 370.44 ST Total 279.000 29,720.32 36,588.06 5,312.53 1,555.21 LT ST 742.00 2.02 Next Dividend Payable 06/2017; Asset Class: Equities ILL TOOL WORKS INC (ITW) 11/9/15 2/16/16 232.000 32.000 91.119 93.097 138.090 138.090 21,139.61 2,979.10 32,036.88 4,418.88 10,897.27 1,439.78 LT LT Total 264.000 24,118.71 36,455.76 12,337.05 LT 686.00 1.88 Next Dividend Payable 07/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 51 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % INTL FLAVORS & FRAGRANCES (IFF) 2/16/16 6/30/16 34.000 17.000 107.500 124.169 138.590 138.590 3,655.00 2,110.88 4,712.06 2,356.03 1,057.06 245.15 LT ST Total 51.000 5,765.88 7,068.09 1,057.06 245.15 LT ST 131.00 1.85 Next Dividend Payable 07/2017; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 11/9/15 2/16/16 1/3/17 428.000 52.000 26.000 100.780 102.294 115.840 123.470 123.470 123.470 43,134.05 5,319.31 3,011.84 52,845.16 6,420.44 3,210.22 9,711.11 1,101.13 198.38 LT LT ST Total 506.000 51,465.20 62,475.82 10,812.24 198.38 LT ST 1,700.00 2.72 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 27.000 117.761 119.094 119.967 129.750 129.750 129.750 7,418.97 5,597.40 3,239.11 8,174.25 6,098.25 3,503.25 755.28 500.85 264.14 LT LT LT 2/16/16 16.000 128.298 129.750 2,052.77 2,076.00 23.23 LT 5/2/16 14.000 125.899 129.750 1,762.58 1,816.50 53.92 ST Total 167.000 20,070.83 21,668.25 1,543.50 53.92 LT ST 648.00 2.99 Next Dividend Payable 07/2017; Asset Class: Equities KLA TENCOR CORP (KLAC) 11/9/15 2/16/16 214.000 25.000 66.847 65.048 98.220 98.220 14,305.28 1,626.19 21,019.08 2,455.50 6,713.80 829.31 LT LT Total 239.000 15,931.47 23,474.58 7,543.11 LT 516.00 2.19 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 90.390 90.390 90.390 4,117.64 4,428.79 4,777.42 5,423.40 4,790.67 4,790.67 1,305.76 361.88 13.25 LT ST ST R R 3/31/17 43.000 90.912 90.390 3,909.22 3,886.77 (22.45)ST Total 209.000 17,233.07 18,891.51 1,305.76 352.68 LT ST 502.00 2.65 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 52.810 52.810 52.810 17,424.26 1,820.90 6,094.76 9,822.66 1,161.82 4,066.37 (7,601.60) (659.08) (2,028.39) LT LT LT 11/1/16 34.000 65.864 52.810 2,239.39 1,795.54 (443.85)ST Total 319.000 27,579.31 16,846.39 (10,289.07) (443.85) LT ST 766.00 4.54 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 52 of 118 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 M&T BANK CORP (MTB) 2/18/16 126.000 105.995 155.410 13,355.42 19,581.66 6,226.24 LT 378.00 1.93 Next Dividend Payable 06/2017; Asset Class: Equities MC DONALDS CORP (MCD) 4/26/17 53.000 140.734 139.930 7,458.91 7,416.29 (42.62)ST 199.00 2.68 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 62.330 62.330 34,598.40 3,297.84 39,828.87 4,113.78 5,230.47 815.94 LT LT Total 705.000 37,896.24 43,942.65 6,046.41 LT 1,325.00 3.01 Next Dividend Payable 07/2017; 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 51.810 51.810 51.810 21,341.17 2,134.86 1,374.01 21,760.20 2,176.02 1,865.16 419.03 41.16 491.15 LT LT LT 4/26/16 149.000 46.574 51.810 6,939.56 7,719.69 780.13 LT 8/3/16 160.000 43.474 51.810 6,955.86 8,289.60 1,333.74 ST Total 807.000 38,745.46 41,810.67 1,731.47 1,333.74 LT ST 1,291.00 3.08 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 68.460 68.460 68.460 24,344.36 2,440.67 6,826.14 30,943.92 3,286.08 8,831.34 6,599.56 845.41 2,005.20 LT LT LT 4/22/16 78.000 51.277 68.460 3,999.62 5,339.88 1,340.26 LT Total 707.000 37,610.79 48,401.22 10,790.43 LT 1,103.00 2.27 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 95.890 95.890 95.890 4,764.73 5,137.89 4,221.72 5,369.84 5,369.84 3,931.49 605.11 231.95 (290.23) LT LT ST Total 153.000 14,124.34 14,671.17 837.06 (290.23) 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 45.030 45.030 45.030 14,645.27 3,398.89 1,000.41 15,130.08 3,512.34 1,170.78 484.81 113.45 170.37 LT LT LT R R R 5/2/16 62.000 43.590 45.030 2,702.61 2,791.86 89.25 ST R Total 502.000 21,747.18 22,605.06 768.63 89.25 LT ST 382.00 1.68 Next Dividend Payable 07/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 53 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % NEXTERA ENERGY INC (NEE) 11/9/15 2/16/16 90.000 53.000 98.693 111.972 133.560 133.560 8,882.37 5,934.49 12,020.40 7,078.68 3,138.03 1,144.19 LT LT Total 143.000 14,816.86 19,099.08 4,282.22 LT 562.00 2.94 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 24.250 24.250 9,397.26 1,503.78 12,076.50 1,721.75 2,679.24 217.97 LT LT Total 569.000 10,901.04 13,798.25 2,897.21 LT 398.00 2.88 Next Dividend Payable 05/19/17; Asset Class: Equities NORFOLK SOUTHERN CORP (NSC) 9/28/15 11/16/15 43.000 107.000 75.028 87.720 117.490 117.490 3,226.20 9,386.04 5,052.07 12,571.43 1,825.87 3,185.39 LT LT Total 150.000 12,612.24 17,623.50 5,011.26 LT 366.00 2.07 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 90.000 90.000 17,873.37 1,232.49 21,780.00 1,890.00 3,906.63 657.51 LT LT Total 263.000 19,105.86 23,670.00 4,564.14 LT 400.00 1.68 Next Dividend Payable 07/2017; 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 61.540 61.540 61.540 32,926.40 5,424.38 4,062.89 26,954.52 4,492.42 3,692.40 (5,971.88) (931.96) (370.49) LT LT LT 5/2/16 38.000 76.220 61.540 2,896.37 2,338.52 (557.85)ST 11/18/16 39.000 68.690 61.540 2,678.91 2,400.06 (278.85)ST 2/2/17 43.000 68.830 61.540 2,959.69 2,646.22 (313.47)ST Total 691.000 50,948.64 42,524.14 (7,274.33) (1,150.17) LT ST 2,101.00 4.94 Next Dividend Payable 07/2017; Asset Class: Equities PEPSICO INC NC (PEP) 2/16/16 3/11/16 1/23/17 60.000 62.000 36.000 98.470 101.232 103.767 113.280 113.280 113.280 5,908.20 6,276.38 3,735.61 6,796.80 7,023.36 4,078.08 888.60 746.98 342.47 LT LT ST Total 158.000 15,920.19 17,898.24 1,635.58 342.47 LT ST 476.00 2.65 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 33.920 33.920 33.920 35,249.76 4,300.02 3,035.67 36,497.92 4,918.40 3,086.72 1,248.16 618.38 51.05 LT LT LT Total 1,312.000 42,585.45 44,503.04 1,917.59 LT 1,679.00 3.77 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 54 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PHILIP MORRIS INTL INC (PM) 11/9/15 2/16/16 114.000 24.000 85.028 89.898 110.840 110.840 9,693.23 2,157.54 12,635.76 2,660.16 2,942.53 502.62 LT LT Total 138.000 11,850.77 15,295.92 3,445.15 LT 574.00 3.75 Next Dividend Payable 07/2017; Asset Class: Equities PNC FINL SVCS GP (PNC) 11/9/15 2/16/16 1/3/17 417.000 34.000 52.000 94.170 84.041 117.692 119.750 119.750 119.750 39,268.89 2,857.39 6,119.97 49,935.75 4,071.50 6,227.00 10,666.86 1,214.11 107.03 LT LT ST Total 503.000 48,246.25 60,234.25 11,880.97 107.03 LT ST 1,107.00 1.83 Next Dividend Payable 05/05/17; 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 93.488 109.840 109.840 109.840 10,255.36 2,851.34 3,833.01 11,093.84 2,965.68 4,503.44 838.48 114.34 670.43 LT LT LT 8/2/16 29.000 103.710 109.840 3,007.58 3,185.36 177.78 ST Total 198.000 19,947.29 21,748.32 1,623.25 177.78 LT ST 317.00 1.45 Next Dividend Payable 06/2017; Asset Class: Equities PRAXAIR INC (PX) 11/18/15 12/2/15 2/16/16 40.000 15.000 11.000 114.306 110.562 104.072 124.980 124.980 124.980 4,572.26 1,658.43 1,144.79 4,999.20 1,874.70 1,374.78 426.94 216.27 229.99 LT LT LT 5/2/16 25.000 118.124 124.980 2,953.11 3,124.50 171.39 ST 7/1/16 40.000 113.226 124.980 4,529.05 4,999.20 470.15 ST Total 131.000 14,857.64 16,372.38 873.20 641.54 LT ST 413.00 2.52 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 87.330 87.330 3,313.20 2,438.32 3,842.52 2,619.90 529.32 181.58 LT LT Total 74.000 5,751.52 6,462.42 710.90 LT 204.00 3.15 Next Dividend Payable 05/15/17; Asset Class: Equities PROGRESSIVE CORP OHIO (PGR) 11/9/15 3/13/17 210.000 23.000 31.398 39.600 39.720 39.720 6,593.64 910.80 8,341.20 913.56 1,747.56 2.76 LT ST Total 233.000 7,504.44 9,254.76 1,747.56 2.76 LT ST 159.00 1.71 Next Dividend Payable 02/2018; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 55 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PRUDENTIAL FINANCIAL INC (PRU) 11/9/15 2/16/16 6/30/16 181.000 16.000 43.000 85.905 63.569 69.758 107.030 107.030 107.030 15,548.82 1,017.10 2,999.60 19,372.43 1,712.48 4,602.29 3,823.61 695.38 1,602.69 LT LT ST Total 240.000 19,565.52 25,687.20 4,518.99 1,602.69 LT ST 720.00 2.80 Next Dividend Payable 06/2017; Asset Class: Equities QUALCOMM INC (QCOM) 9/8/15 1/23/17 201.000 96.000 55.087 55.558 53.740 53.740 11,072.43 5,333.54 10,801.74 5,159.04 (270.69) (174.50) LT ST Total 297.000 16,405.97 15,960.78 (270.69) (174.50) LT ST 677.00 4.24 Next Dividend Payable 06/2017; Asset Class: Equities R P M INC (RPM) 11/9/15 12/2/15 4/19/17 119.000 39.000 87.000 45.561 47.277 50.825 52.560 52.560 52.560 5,421.74 1,843.82 4,421.75 6,254.64 2,049.84 4,572.72 832.90 206.02 150.97 LT LT ST Total 245.000 11,687.31 12,877.20 1,038.92 150.97 LT ST 294.00 2.28 Next Dividend Payable 07/2017; 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 62.990 62.990 62.990 12,942.81 1,354.71 5,465.28 18,708.03 1,889.70 7,495.81 5,765.22 534.99 2,030.53 LT LT LT 9/16/16 44.000 50.060 62.990 2,202.62 2,771.56 568.94 ST 10/5/16 46.000 50.082 62.990 2,303.78 2,897.54 593.76 ST Total 536.000 24,269.20 33,762.64 8,330.74 1,162.70 LT ST 686.00 2.03 Next Dividend Payable 07/2017; 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 64.500 64.500 64.500 4,131.65 4,280.74 107.57 5,418.00 5,611.50 129.00 1,286.35 1,330.76 21.43 LT ST ST Total 173.000 8,519.96 11,158.50 1,286.35 1,352.19 LT ST 353.00 3.16 Next Dividend Payable 07/2017; Asset Class: Equities S&P GLOBAL INC COM (SPGI) 11/9/15 2/16/16 36.000 11.000 96.094 87.584 134.190 134.190 3,459.38 963.42 4,830.84 1,476.09 1,371.46 512.67 LT LT Total 47.000 4,422.80 6,306.93 1,884.13 LT 77.00 1.22 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 56 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SCHLUMBERGER LTD (SLB) 11/9/15 12/22/15 5/10/16 94.000 57.000 60.000 78.020 69.491 73.758 72.590 72.590 72.590 7,333.88 3,960.96 4,425.46 6,823.46 4,137.63 4,355.40 (510.42) 176.67 (70.06) LT LT ST 8/30/16 38.000 81.296 72.590 3,089.24 2,758.42 (330.82)ST 11/7/16 85.000 79.150 72.590 6,727.75 6,170.15 (557.60)ST Total 334.000 25,537.29 24,245.06 (333.75) (958.48) LT ST 668.00 2.75 Next Dividend Payable 07/2017; Asset Class: Equities SIMON PPTY GROUP INC (SPG) 11/9/15 2/16/16 5/13/16 103.000 13.000 20.000 190.056 185.824 196.291 165.260 165.260 165.260 19,575.76 2,415.71 3,925.81 17,021.78 2,148.38 3,305.20 (2,553.98) (267.33) (620.61) LT LT ST Total 136.000 25,917.28 22,475.36 (2,821.31) (620.61) LT ST 925.00 4.11 Next Dividend Payable 05/2017; Asset Class: Alt SNAP-ON INC (SNA) 11/9/15 30.000 169.053 167.530 5,071.58 5,025.90 (45.68)LT 85.00 1.69 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 93.440 113.557 136.150 136.150 136.150 5,485.00 3,270.40 2,044.03 8,032.85 4,765.25 2,450.70 2,547.85 1,494.85 406.67 LT LT ST Total 112.000 10,799.43 15,248.80 4,042.70 406.67 LT ST 260.00 1.70 Next Dividend Payable 06/2017; Asset Class: Equities T ROWE PRICE GROUP INC (TROW) 11/17/15 306.000 75.381 70.890 23,066.68 21,692.34 (1,374.34)LT 698.00 3.21 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 79.180 79.180 79.180 22,469.47 1,790.78 2,828.28 31,196.92 2,692.12 3,879.82 8,727.45 901.34 1,051.54 LT LT ST Total 477.000 27,088.53 37,768.86 9,628.79 1,051.54 LT ST 954.00 2.52 Next Dividend Payable 05/15/17; Asset Class: Equities TIFFANY & COMPANY NEW (TIF) 11/9/15 113.000 79.957 91.650 9,035.18 10,356.45 1,321.27 LT 203.00 1.96 Next Dividend Payable 07/2017; Asset Class: Equities TIME WARNER INC NEW (TWX) 11/9/15 161.000 68.505 99.270 11,029.30 15,982.47 4,953.17 LT 259.00 1.62 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 57 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % TRAVELERS COMPANIES INC COM (TRV) 11/9/15 12/2/15 2/16/16 304.000 25.000 34.000 112.610 114.880 107.191 121.660 121.660 121.660 34,233.41 2,872.00 3,644.51 36,984.64 3,041.50 4,136.44 2,751.23 169.50 491.93 LT LT LT Total 363.000 40,749.92 44,162.58 3,412.66 LT 1,045.00 2.36 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 51.280 51.280 51.280 19,443.69 1,576.65 4,101.18 23,127.28 1,999.92 4,102.40 3,683.59 423.27 1.22 LT LT ST Total 570.000 25,121.52 29,229.60 4,106.86 1.22 LT ST 638.00 2.18 Next Dividend Payable 07/2017; Asset Class: Equities UNION PACIFIC CORP (UNP) 11/9/15 11/18/16 12/1/16 152.000 23.000 35.000 86.780 99.917 103.535 111.960 111.960 111.960 13,190.56 2,298.10 3,623.71 17,017.92 2,575.08 3,918.60 3,827.36 276.98 294.89 LT ST ST 3/1/17 28.000 110.375 111.960 3,090.50 3,134.88 44.38 ST Total 238.000 22,202.87 26,646.48 3,827.36 616.25 LT ST 576.00 2.16 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 54.630 54.630 54.630 7,331.46 4,980.83 3,248.04 5,954.67 4,534.29 2,786.13 (1,376.79) (446.54) (461.91) LT LT ST Total 243.000 15,560.33 13,275.09 (1,823.33) (461.91) LT ST 408.00 3.07 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 64.610 64.610 64.610 5,556.60 2,015.76 4,364.31 6,331.78 2,390.57 5,168.80 775.18 374.81 804.49 LT ST ST 11/30/16 40.000 62.110 64.610 2,484.38 2,584.40 100.02 ST 2/2/17 38.000 65.630 64.610 2,493.94 2,455.18 (38.76)ST Total 293.000 16,914.99 18,930.73 775.18 1,240.56 LT ST 820.00 4.33 Next Dividend Payable 06/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/9/15 100.000 45.163 55.280 4,516.26 5,528.00 1,011.74 LT 152.00 2.74 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 58 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % VERIZON COMMUNICATIONS (VZ) 10/22/14 1/7/15 2/16/16 109.000 451.000 67.000 48.511 46.194 50.117 45.910 45.910 45.910 5,287.72 20,833.31 3,357.85 5,004.19 20,705.41 3,075.97 (283.53) (127.90) (281.88) LT LT LT 5/2/16 55.000 51.210 45.910 2,816.55 2,525.05 (291.50)ST 2/2/17 56.000 47.987 45.910 2,687.25 2,570.96 (116.29)ST Total 738.000 34,982.68 33,881.58 (693.31) (407.79) LT ST 1,705.00 5.03 Next Dividend Payable 05/01/17; 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 53.840 53.840 53.840 59,845.53 7,492.02 3,083.87 58,254.88 8,345.20 3,284.24 (1,590.65) 853.18 200.37 LT LT LT Total 1,298.000 70,421.42 69,884.32 (537.10)LT 1,973.00 2.82 Next Dividend Payable 06/2017; Asset Class: Equities WESTROCK CO COM (WRK) 11/9/15 90.000 46.464 53.560 4,181.76 4,820.40 638.64 LT 144.00 2.98 Next Dividend Payable 05/2017; Asset Class: Equities WYNDHAM WORLDWIDE CORP (WYN) 11/9/15 12/2/15 82.000 26.000 80.528 76.296 95.310 95.310 6,603.26 1,983.69 7,815.42 2,478.06 1,212.16 494.37 LT LT Total 108.000 8,586.95 10,293.48 1,706.53 LT 251.00 2.43 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 45.050 45.050 15,217.53 2,393.63 19,641.80 2,793.10 4,424.27 399.47 LT LT Total 498.000 17,611.16 22,434.90 4,823.74 LT 717.00 3.19 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 99.06%$2,095,832.83 $2,387,059.90 $255,297.18 $35,929.89 LT ST $62,305.00 2.61% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $2,095,832.83 $2,409,759.29 $255,297.18 $35,929.89 LT ST $62,307.00 $0.00 2.59% Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 59 of 118 TOTAL VALUE (includes accrued interest)100.00%$2,409,759.29 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 $22,699.39 —————— Stocks —$2,319,666.51 —$67,393.39 ——— TOTAL ALLOCATION OF ASSETS $22,699.39 $2,319,666.51 —$67,393.39 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/5 4/10 Sold WYNDHAM WORLDWIDE CORP ACTED AS AGENT 31.000 $85.3636 $2,646.21 4/11 4/17 Bought GENERAL ELECTRIC CO ACTED AS AGENT 414.000 30.0273 (12,431.30) 4/19 4/24 Bought R P M INC ACTED AS AGENT 87.000 50.8247 (4,421.75) 4/25 4/28 Sold HONEYWELL INTERNATIONAL INC ACTED AS AGENT 89.000 128.8781 11,469.89 4/25 4/28 Bought GENERAL ELECTRIC CO ACTED AS AGENT 220.000 29.4850 (6,486.70) 4/26 5/1 Sold ILL TOOL WORKS INC ACTED AS AGENT 43.000 139.2183 5,986.25 4/26 5/1 Bought MC DONALDS CORP ACTED AS AGENT 53.000 140.7341 (7,458.91) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(10,696.31) TOTAL PURCHASES $(30,798.66) TOTAL SALES AND REDEMPTIONS $20,102.35 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) 4/26 5/1 Sold ILL TOOL WORKS INC UNSETTLED SALE 43.000 $139.2183 $5,986.25 4/26 5/1 Bought MC DONALDS CORP UNSETTLED PURCHASE 53.000 140.7341 (7,458.91) NET UNSETTLED PURCHASES/SALES $(1,472.66) 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. 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 60 of 118 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 4/3 Qualified Dividend GENUINE PARTS CO $188.33 4/3 Qualified Dividend HARTFORD FIN SERS GRP INC 179.40 4/3 Qualified Dividend COCA COLA CO 101.75 4/3 Qualified Dividend NORTHERN TRUST CORP 99.94 4/3 Qualified Dividend AUTOMATIC DATA PROCESSING INC 93.48 4/3 Qualified Dividend REYNOLDS AMERICAN INC 88.23 4/4 Qualified Dividend KIMBERLY CLARK CORP 179.45 4/5 Qualified Dividend DR PEPPER SNAPPLE GROUP INC 113.68 4/7 Qualified Dividend MERCK & CO INC NEW COM 331.35 4/7 Qualified Dividend INTL FLAVORS & FRAGRANCES 32.64 4/10 Qualified Dividend ALTRIA GROUP INC 300.73 4/10 Qualified Dividend TIFFANY & COMPANY NEW 50.85 4/11 Qualified Dividend ILL TOOL WORKS INC 199.55 4/11 Qualified Dividend PHILIP MORRIS INTL INC 143.52 4/12 Qualified Dividend BEST BUY CO 97.58 4/13 Qualified Dividend MONDELEZ INTL INC COM 95.38 4/17 Qualified Dividend OCCIDENTAL PETROLEUM CORP DE 525.16 4/17 Qualified Dividend REPUBLIC SERVICES INC 171.52 4/17 Qualified Dividend SCHLUMBERGER LTD 167.00 4/17 Qualified Dividend U S BANCORP COM NEW 159.60 4/17 Dividend AVALONBAY COMM INC 149.10 4/17 Qualified Dividend CINCINNATI FINANCIAL OHIO 70.00 4/17 Dividend ALEXANDRIA REAL ESTATE EQ INC 43.99 4/17 Qualified Dividend DTE ENERGY COMPANY 33.00 4/20 Qualified Dividend XCEL ENERGY INC 179.28 4/21 Qualified Dividend CHUBB LTD 95.91 4/26 Qualified Dividend COMCAST CORP (NEW) CLASS A 81.27 4/28 Dividend BOSTON PROPERTIES INC 54.00 4/28 Qualified Dividend R P M INC 47.40 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 0.24 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $4,073.33 TOTAL QUALIFIED DIVIDENDS $3,826.00 TOTAL OTHER DIVIDENDS $247.09 TOTAL INTEREST $0.24 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(3,182.11) TOTAL OTHER CREDITS AND DEBITS $(3,182.11) TOTAL OTHER DEBITS $(3,182.11) Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 61 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/3 Automatic Investment BANK DEPOSIT PROGRAM $751.13 4/4 Automatic Investment BANK DEPOSIT PROGRAM 179.45 4/5 Automatic Redemption BANK DEPOSIT PROGRAM (3,747.14) 4/7 Automatic Investment BANK DEPOSIT PROGRAM 363.99 4/10 Automatic Investment BANK DEPOSIT PROGRAM 351.58 4/11 Automatic Investment BANK DEPOSIT PROGRAM 2,989.28 4/12 Automatic Investment BANK DEPOSIT PROGRAM 97.58 4/13 Automatic Investment BANK DEPOSIT PROGRAM 95.38 4/17 Automatic Redemption BANK DEPOSIT PROGRAM (11,111.93) 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (3,182.11) 4/20 Automatic Investment BANK DEPOSIT PROGRAM 179.28 4/21 Automatic Investment BANK DEPOSIT PROGRAM 62.34 4/24 Automatic Redemption BANK DEPOSIT PROGRAM (4,388.18) 4/26 Automatic Investment BANK DEPOSIT PROGRAM 81.27 4/28 Automatic Investment BANK DEPOSIT PROGRAM 101.40 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.24 NET ACTIVITY FOR PERIOD $(17,176.44) 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 HONEYWELL INTERNATIONAL INC 11/09/15 04/25/17 89.000 $11,469.89 $9,061.85 $2,408.04 ILL TOOL WORKS INC 11/09/15 04/26/17 43.000 5,986.25 3,918.12 2,068.13 WYNDHAM WORLDWIDE CORP 11/09/15 04/05/17 31.000 2,646.21 2,496.35 149.86 Long-Term This Period $20,102.35 $15,476.32 $4,626.03 Long-Term Year to Date $60,404.33 $54,047.45 $6,356.88 Net Realized Gain/(Loss) This Period $20,102.35 $15,476.32 $4,626.03 Net Realized Gain/(Loss) Year to Date $73,064.50 $65,712.87 $7,351.63 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. 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 62 of 118 MESSAGES 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. Important Tax Information Related To Your International Securities Holdings You may be eligible to benefit from a reduction of the amount of foreign taxes you pay on dividends on international securities in your account. These taxes are withheld by foreign tax authorities. Contact your Financial Advisor to determine qualification eligibility and requirements. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110134-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $1,556,538.99 $1,526,578.62 Credits —— Debits (2,522.44)(4,948.83) Security Transfers —— Net Credits/Debits/Transfers $(2,522.44)$(4,948.83) Change in Value (2,867.69)29,519.07 TOTAL ENDING VALUE $1,551,148.86 $1,551,148.86 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 700 900 1,100 1,300 1,500 1,700 ($ ) 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 63 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds Alternatives Market Value Percentage Cash $41,278.00 2.66 Equities 1,396,777.63 90.05 Fixed Income & Preferreds 9,187.20 0.59 Alternatives 103,906.03 6.70 TOTAL VALUE $1,551,148.86 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 64 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $50,856.41 $41,278.00 Stocks 1,496,755.31 1,500,683.66 ETFs & CEFs 9,072.36 9,187.20 Net Unsettled Purchases/Sales (145.09)— Total Assets $1,556,538.99 $1,551,148.86 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,556,538.99 $1,551,148.86 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $50,856.41 $83,290.74 Purchases (30,503.07)(188,371.40) Sales and Redemptions 19,983.52 141,983.71 Prior Net Unsettled Purch/Sales (145.09)N/A Income and Distributions 3,608.67 9,323.78 Total Investment Related Activity $(7,055.97)$(37,063.91) Other Debits (2,522.44)(4,948.83) Total Cash Related Activity $(2,522.44)$(4,948.83) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $41,278.00 $41,278.00 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Qualified Dividends $1,566.23 $5,106.54 Other Dividends 2,042.09 4,215.50 Interest 0.35 1.74 Total Taxable Income And Distributions $3,608.67 $9,323.78 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $3,608.67 $9,323.78 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain $998.43 $6,456.64 $51,042.67 Short-Term (Loss)——(17,331.29) Total Short-Term $998.43 $6,456.64 $33,711.38 Long-Term Gain 3,095.90 23,015.45 235,267.09 Long-Term (Loss)—(3,835.48)(56,656.03) Total Long-Term $3,095.90 $19,179.97 $178,611.06 TOTAL GAIN/(LOSS)$4,094.33 $25,636.61 $212,322.44 Disallowed Loss —$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 April 1-30, 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 65 of 118 † 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 #$41,278.00 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 2.66%$41,278.00 $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 % ABM INDUSTRIES INCORPORATED (ABM) 11/10/15 2/22/16 98.000 41.000 $28.575 31.774 $43.190 43.190 $2,800.36 1,302.75 $4,232.62 1,770.79 $1,432.26 468.04 LT LT Total 139.000 4,103.11 6,003.41 1,900.30 LT 95.00 1.58 Next Dividend Payable 05/01/17; Asset Class: Equities ACCO BRANDS CORP (ACCO) 4/4/17 573.000 13.506 14.250 7,739.17 8,165.25 426.08 ST —— Asset Class: Equities AECOM (ACM) 11/10/15 2/22/16 110.000 126.000 30.858 26.720 34.210 34.210 3,394.33 3,366.72 3,763.10 4,310.46 368.77 943.74 LT LT 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 66 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 236.000 6,761.05 8,073.56 1,312.51 LT —— Asset Class: Equities AEGION CORP COM (AEGN) 11/10/15 168.000 21.384 22.820 3,592.50 3,833.76 241.26 LT —— Asset Class: Equities AES CORP (AES) 11/10/15 2/22/16 569.000 68.000 9.664 9.446 11.310 11.310 5,498.87 642.33 6,435.39 769.08 936.52 126.75 LT LT R R Total 637.000 6,141.20 7,204.47 1,063.27 LT 306.00 4.24 Next Dividend Payable 05/15/17; 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 21.070 21.070 21.070 3,710.40 496.10 712.62 4,487.91 589.96 779.59 777.51 93.86 66.97 LT LT ST R R Total 278.000 4,919.12 5,857.46 871.37 66.97 LT ST 600.00 10.24 Next Dividend Payable 05/08/17; 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 38.140 38.140 38.140 808.18 2,174.50 3,218.35 915.36 2,479.10 3,508.88 107.18 304.60 290.53 LT LT LT 2/22/16 249.000 28.390 38.140 7,069.11 9,496.86 2,427.75 LT 6/24/16 216.000 26.235 38.140 5,666.80 8,238.24 2,571.44 ST 7/21/16 1.000 29.740 38.140 29.74 38.14 8.40 ST 1/11/17 24.000 35.980 38.140 863.52 915.36 51.84 ST Total 671.000 19,830.20 25,591.94 3,130.06 2,631.68 LT ST 201.00 0.78 Next Dividend Payable 07/2017; Asset Class: Equities ALLY FINANCIAL INC (ALLY) 12/4/15 2/22/16 400.000 38.000 19.907 17.487 19.800 19.800 7,962.96 664.51 7,920.00 752.40 (42.96) 87.89 LT LT Total 438.000 8,627.47 8,672.40 44.93 LT 140.00 1.61 Next Dividend Payable 05/15/17; Asset Class: Equities AMDOCS LIMITED ORD (DOX) 11/10/15 2/22/16 174.000 20.000 60.001 58.927 61.240 61.240 10,440.26 1,178.54 10,655.76 1,224.80 215.50 46.26 LT LT Total 194.000 11,618.80 11,880.56 261.76 LT 171.00 1.43 Next Dividend Payable 07/2017; Asset Class: Equities ANWORTH MORTGAGE ASSET CORP (ANH) 11/10/15 457.000 4.700 5.860 2,147.90 2,678.02 530.12 LT 274.00 10.23 Next Dividend Payable 07/2017; Asset Class: Alt ARES COMMERCIAL REAL EST CORP (ACRE) 11/10/15 2/22/16 635.000 76.000 12.639 9.709 13.830 13.830 8,025.64 737.85 8,782.05 1,051.08 756.41 313.23 LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 67 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 711.000 8,763.49 9,833.13 1,069.64 LT 768.00 7.81 Next Dividend Payable 07/2017; 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 70.500 70.500 70.500 16,470.42 1,772.62 1,187.19 19,810.50 2,185.50 1,269.00 3,340.08 412.88 81.81 LT LT ST Total 330.000 19,430.23 23,265.00 3,752.96 81.81 LT ST —— Asset Class: Equities ASSURANT INC (AIZ) 11/10/15 2/22/16 41.000 5.000 84.225 70.632 96.240 96.240 3,453.24 353.16 3,945.84 481.20 492.60 128.04 LT LT Total 46.000 3,806.40 4,427.04 620.64 LT 98.00 2.21 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 38.130 38.130 38.130 7,025.02 725.92 1,337.22 9,379.98 1,143.90 1,296.42 2,354.96 417.98 (40.80) LT LT ST Total 310.000 9,088.16 11,820.30 2,772.94 (40.80) LT ST 177.00 1.49 Next Dividend Payable 06/2017; Asset Class: Equities ATHENE HOLDING LTD CLASS A (ATH) 3/29/17 93.000 49.679 53.310 4,620.12 4,957.83 337.71 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 38.690 38.690 38.690 14,669.96 1,457.66 1,405.21 12,419.49 1,354.15 1,160.70 (2,250.47) (103.51) (244.51) LT LT ST Total 386.000 17,532.83 14,934.34 (2,353.98) (244.51) LT ST 278.00 1.86 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 65.900 65.900 10,326.72 1,500.99 12,257.40 1,845.20 1,930.68 344.21 LT LT Total 214.000 11,827.71 14,102.60 2,274.89 LT 325.00 2.30 Next Dividend Payable 07/2017; Asset Class: Equities BANKUNITED INC (BKU) 3/28/17 297.000 36.271 35.290 10,772.46 10,481.13 (291.33)ST 249.00 2.37 Next Dividend Payable 07/2017; Asset Class: Equities BELDEN INC (BDC) 11/10/15 49.000 63.248 69.700 3,099.15 3,415.30 316.15 LT 10.00 0.29 Next Dividend Payable 07/2017; Asset Class: Equities BERRY GLOBAL GROUP INC (BERY) 2/22/16 363.000 30.150 50.000 10,944.45 18,150.00 7,205.55 LT —— Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 68 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BLACKSTONE MTG TRUST INC CL A (BXMT) 9/21/16 3/13/17 138.000 15.000 29.515 30.107 30.880 30.880 4,073.01 451.60 4,261.44 463.20 188.43 11.60 ST ST Total 153.000 4,524.61 4,724.64 200.03 ST 379.00 8.02 Next Dividend Payable 07/2017; 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 23.300 23.300 23.300 6,495.07 647.44 1,733.44 8,830.70 1,025.20 2,236.80 2,335.63 377.76 503.36 LT LT ST Total 519.000 8,875.95 12,092.70 2,713.39 503.36 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 35.930 35.930 3,323.68 489.37 4,096.02 646.74 772.34 157.37 LT LT Total 132.000 3,813.05 4,742.76 929.71 LT 90.00 1.89 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 13.370 13.370 13.370 242.80 1,536.78 8,144.24 106.96 668.50 3,516.31 (135.84) (868.28) (4,627.93) LT LT LT H 2/22/16 13.000 15.377 13.370 199.90 173.81 (26.09)LT Total 334.000 10,123.72 4,465.58 (5,658.14)LT 94.00 2.10 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 12.570 12.570 7,681.53 735.75 9,000.12 942.75 1,318.59 207.00 LT LT Total 791.000 8,417.28 9,942.87 1,525.59 LT 174.00 1.74 Next Dividend Payable 07/2017; Asset Class: Equities BROOKS-AUTOMATION INC (BRKS) 11/10/15 2/22/16 317.000 45.000 11.258 9.310 25.260 25.260 3,568.85 418.95 8,007.42 1,136.70 4,438.57 717.75 LT LT Total 362.000 3,987.80 9,144.12 5,156.32 LT 145.00 1.58 Next Dividend Payable 06/2017; Asset Class: Equities BRUNSWICK CORP (BC) 10/28/16 94.000 43.116 56.750 4,052.89 5,334.50 1,281.61 ST 62.00 1.16 Next Dividend Payable 06/2017; Asset Class: Equities CABOT CORP (CBT) 11/10/15 81.000 41.164 60.190 3,334.26 4,875.39 1,541.13 LT 97.00 1.98 Next Dividend Payable 06/2017; Asset Class: Equities CARLISLE CO INC (CSL) 4/4/17 88.000 104.444 101.390 9,191.08 8,922.32 (268.76)ST 123.00 1.37 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 69 of 118 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 59.090 59.090 59.090 11,115.99 1,244.80 1,273.00 15,422.49 1,890.88 1,418.16 4,306.50 646.08 145.16 LT LT ST Total 317.000 13,633.79 18,731.53 4,952.58 145.16 LT ST 203.00 1.08 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 19.360 19.360 7,678.47 790.91 6,621.12 735.68 (1,057.35) (55.23) LT LT R R Total 380.000 8,469.38 7,356.80 (1,112.58)LT 502.00 6.82 Next Dividend Payable 05/26/17; Asset Class: Alt CHEMED CORPORATION (CHE) 11/10/15 2/22/16 1/11/17 96.000 11.000 8.000 153.059 128.620 163.136 201.380 201.380 201.380 14,693.62 1,414.82 1,305.09 19,332.48 2,215.18 1,611.04 4,638.86 800.36 305.95 LT LT ST Total 115.000 17,413.53 23,158.70 5,439.22 305.95 LT ST 120.00 0.51 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 13.450 13.450 13.450 5,767.01 388.70 8,650.30 4,438.50 484.20 7,733.75 (1,328.51) 95.50 (916.55) LT LT ST Total 941.000 14,806.01 12,656.45 (1,233.01) (916.55) LT ST 489.00 3.86 Next Dividend Payable 07/2017; Asset Class: Equities COHERENT INC (COHR) 11/10/15 2/22/16 1/11/17 89.000 9.000 11.000 63.180 83.541 142.927 215.600 215.600 215.600 5,623.01 751.87 1,572.20 19,188.40 1,940.40 2,371.60 13,565.39 1,188.53 799.40 LT LT ST Total 109.000 7,947.08 23,500.40 14,753.92 799.40 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 13.070 13.070 13.070 8,629.29 769.73 1,053.10 7,750.51 901.83 1,150.16 (878.78) 132.10 97.06 LT LT LT Total 750.000 10,452.12 9,802.50 (649.62)LT 720.00 7.34 Next Dividend Payable 07/2017; Asset Class: Alt COLUMBIA BANKING SYSTEMS INC (COLB) 11/10/15 2/22/16 86.000 11.000 35.365 28.650 39.510 39.510 3,041.43 315.15 3,397.86 434.61 356.43 119.46 LT LT Total 97.000 3,356.58 3,832.47 475.89 LT 85.00 2.21 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 70 of 118 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 COMMSCOPE HOLDING COMPANY INC (COMM) 9/16/16 11/11/16 223.000 94.000 30.384 33.030 42.040 42.040 6,775.63 3,104.85 9,374.92 3,951.76 2,599.29 846.91 ST ST Total 317.000 9,880.48 13,326.68 3,446.20 ST —— Asset Class: Equities CONVERGYS CORPORATION (CVG) 11/10/15 2/22/16 158.000 19.000 25.777 24.877 22.510 22.510 4,072.69 472.67 3,556.58 427.69 (516.11) (44.98) LT LT Total 177.000 4,545.36 3,984.27 (561.09)LT 64.00 1.60 Next Dividend Payable 07/2017; 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 56.090 56.090 56.090 2,129.27 1,235.93 318.18 2,299.69 1,514.43 336.54 170.42 278.50 18.36 LT LT LT Total 74.000 3,683.38 4,150.66 467.28 LT —— Asset Class: Equities CURTISS WRIGHT CORP (CW) 11/10/15 2/22/16 24.000 56.000 68.210 66.786 93.460 93.460 1,637.04 3,740.02 2,243.04 5,233.76 606.00 1,493.74 LT LT Total 80.000 5,377.06 7,476.80 2,099.74 LT 42.00 0.56 Next Dividend Payable 07/2017; Asset Class: Equities CYS INVESTMENTS INC (CYS) 11/10/15 2/22/16 1,495.000 175.000 7.222 7.411 8.530 8.530 10,797.50 1,296.91 12,752.35 1,492.75 1,954.85 195.84 LT LT R R Total 1,670.000 12,094.41 14,245.10 2,150.69 LT 1,670.00 11.72 Next Dividend Payable 07/2017; 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 99.840 99.840 99.840 1,595.96 305.63 1,102.10 2,096.64 399.36 1,397.76 500.68 93.73 295.66 LT LT LT 5/12/15 23.000 79.474 99.840 1,827.90 2,296.32 468.42 LT 5/12/15 23.000 79.459 99.840 1,827.56 2,296.32 468.76 LT 12/2/15 67.000 76.425 99.840 5,120.49 6,689.28 1,568.79 LT 2/22/16 18.000 73.410 99.840 1,321.38 1,797.12 475.74 LT 1/11/17 13.000 103.078 99.840 1,340.01 1,297.92 (42.09)ST Total 183.000 14,441.03 18,270.72 3,871.78 (42.09) LT ST —— Asset Class: Equities DICKS SPORTING GOODS INC (DKS) 3/7/17 99.000 47.810 50.550 4,733.19 5,004.45 271.26 ST 67.00 1.33 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 71 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % DRILL-QUIP INC (DRQ) 12/15/15 2/22/16 54.000 7.000 59.994 52.246 51.550 51.550 3,239.70 365.72 2,783.70 360.85 (456.00) (4.87) LT LT Total 61.000 3,605.42 3,144.55 (460.87)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 34.550 34.550 4,093.20 7,355.40 4,940.65 7,082.75 847.45 (272.65) ST ST Total 348.000 11,448.60 12,023.40 574.80 ST —— Asset Class: Equities EAST WEST BANCORP (EWBC) 2/22/16 9/21/16 175.000 123.000 29.860 35.957 54.270 54.270 5,225.50 4,422.71 9,497.25 6,675.21 4,271.75 2,252.50 LT ST Total 298.000 9,648.21 16,172.46 4,271.75 2,252.50 LT ST 238.00 1.47 Next Dividend Payable 05/15/17; 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 83.110 83.110 83.110 5,843.67 765.14 3,474.98 7,563.01 1,329.76 3,823.06 1,719.34 564.62 348.08 LT LT ST Total 153.000 10,083.79 12,715.83 2,283.96 348.08 LT ST 107.00 0.84 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 56.030 56.030 8,149.66 776.43 5,378.88 616.33 (2,770.78) (160.10) LT LT Total 107.000 8,926.09 5,995.21 (2,930.88)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 37.010 37.010 37.010 6,943.01 485.13 900.87 10,473.83 925.25 1,665.45 3,530.82 440.12 764.58 LT LT LT Total 353.000 8,329.01 13,064.53 4,735.52 LT —— Asset Class: Equities EXPRESS INC (EXPR) 11/10/15 358.000 19.098 8.630 6,837.16 3,089.54 (3,747.62)LT —— Asset Class: Equities EXTRACTION OIL & GAS LLC (XOG) 1/11/17 81.000 18.990 15.650 1,538.19 1,267.65 (270.54)ST —— Asset Class: Equities FCB FINL HLDGS INC CL A (FCB) 9/23/16 9/26/16 106.000 43.000 39.299 38.331 47.250 47.250 4,165.70 1,648.23 5,008.50 2,031.75 842.80 383.52 ST ST Total 149.000 5,813.93 7,040.25 1,226.32 ST —— 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 72 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities FERRO CORP (FOE) 6/17/16 265.000 14.505 17.920 3,843.77 4,748.80 905.03 ST —— Asset Class: Equities FERROGLOBE PLC SHS (GSM) 11/10/15 2/22/16 192.000 5.000 11.070 7.558 9.650 9.650 2,125.44 37.79 1,852.80 48.25 (272.64) 10.46 LT LT Total 197.000 2,163.23 1,901.05 (262.18)LT 63.00 3.31 Asset Class: Equities FIDELITY NATIONAL FINANCIAL IN (FNF) 11/10/15 124.000 34.750 40.950 4,309.00 5,077.80 768.80 LT 124.00 2.44 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 13.700 13.700 1,059.25 69.37 1,301.50 95.90 242.25 26.53 LT LT Total 102.000 1,128.62 1,397.40 268.78 LT —— Asset Class: Equities FINISH LINE INC CL A (FINL) 11/10/15 2/22/16 362.000 37.000 18.426 18.677 15.810 15.810 6,670.25 691.06 5,723.22 584.97 (947.03) (106.09) LT LT Total 399.000 7,361.31 6,308.19 (1,053.12)LT 176.00 2.79 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 43.410 43.410 266.67 5,677.20 303.87 6,598.32 37.20 921.12 LT LT Total 159.000 5,943.87 6,902.19 958.32 LT 216.00 3.12 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 4.000 262.660 239.715 358.000 348.060 348.060 348.060 4,465.22 479.43 1,432.00 5,917.02 696.12 1,392.24 1,451.80 216.69 (39.76) LT LT ST Total 23.000 6,376.65 8,005.38 1,668.49 (39.76) LT ST 28.00 0.34 Next Dividend Payable 07/2017; Asset Class: Equities FIRST MIDW BNCP DELA (FMBI) 3/28/17 199.000 23.156 22.710 4,608.12 4,519.29 (88.83)ST 72.00 1.59 Next Dividend Payable 07/2017; Asset Class: Equities FIRST SOLAR, INC. (FSLR) 9/15/16 3/13/17 115.000 14.000 35.184 32.490 29.550 29.550 4,046.11 454.86 3,398.25 413.70 (647.86) (41.16) ST ST Total 129.000 4,500.97 3,811.95 (689.02)ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 73 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % FIRSTCASH INC (FCFS) 11/10/15 2/22/16 3/7/17 181.000 21.000 86.000 39.054 40.991 43.800 51.950 51.950 51.950 7,068.85 860.82 3,766.80 9,402.95 1,090.95 4,467.70 2,334.10 230.13 700.90 LT LT ST 3/30/17 35.000 47.874 51.950 1,675.60 1,818.25 142.65 ST Total 323.000 13,372.07 16,779.85 2,564.23 843.55 LT ST 245.00 1.46 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 15.460 15.460 15.460 9,318.59 973.70 1,384.73 12,476.22 1,406.86 1,468.70 3,157.63 433.16 83.97 LT LT ST Total 993.000 11,677.02 15,351.78 3,590.79 83.97 LT ST —— Asset Class: Equities FTD COS INC COM (FTD) 11/10/15 2/22/16 171.000 24.000 25.097 24.156 20.000 20.000 4,291.59 579.75 3,420.00 480.00 (871.59) (99.75) LT LT Total 195.000 4,871.34 3,900.00 (971.34)LT —— Asset Class: Equities FTI CONSULTING INC (FCN) 11/10/15 2/22/16 90.000 11.000 36.200 34.572 34.590 34.590 3,258.00 380.29 3,113.10 380.49 (144.90) 0.20 LT LT Total 101.000 3,638.29 3,493.59 (144.70)LT —— Asset Class: Equities GRANITE CONSTR INC (GVA) 11/10/15 2/22/16 102.000 20.000 38.008 39.125 52.710 52.710 3,876.85 782.49 5,376.42 1,054.20 1,499.57 271.71 LT LT Total 122.000 4,659.34 6,430.62 1,771.28 LT 63.00 0.97 Next Dividend Payable 07/2017; Asset Class: Equities GRAPHIC PACKAGING HOLDING CO (GPK) 11/10/15 2/22/16 677.000 353.000 13.672 11.535 13.580 13.580 9,256.15 4,071.86 9,193.66 4,793.74 (62.49) 721.88 LT LT Total 1,030.000 13,328.01 13,987.40 659.39 LT 309.00 2.20 Next Dividend Payable 07/2017; Asset Class: Equities GROUP I AUTOMOTIVE INC (GPI) 11/10/15 2/22/16 59.000 7.000 85.275 53.011 68.950 68.950 5,031.25 371.08 4,068.05 482.65 (963.20) 111.57 LT LT Total 66.000 5,402.33 4,550.70 (851.63)LT 63.00 1.38 Next Dividend Payable 06/2017; Asset Class: Equities GULFPORT ENERGY CORP NEW (GPOR) 9/30/16 247.000 27.976 15.880 6,910.00 3,922.36 (2,987.64)ST —— Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 74 of 118 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 29.050 29.050 4,159.20 1,235.44 4,618.95 1,365.35 459.75 129.91 ST ST Total 206.000 5,394.64 5,984.30 589.66 ST 157.00 2.62 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 88.270 88.270 88.270 4,372.34 587.97 10,163.97 4,501.77 617.89 9,886.24 129.43 29.92 (277.73) LT LT ST Total 170.000 15,124.28 15,005.90 159.35 (277.73) LT ST 340.00 2.26 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 21.500 21.500 21.500 5,023.26 617.04 543.07 3,741.00 580.50 473.00 (1,282.26) (36.54) (70.07) LT LT ST Total 223.000 6,183.37 4,794.50 (1,318.80) (70.07) LT ST 116.00 2.41 Next Dividend Payable 05/2017; Asset Class: Equities HILLENBRAND INC (HI) 11/10/15 128.000 30.455 36.900 3,898.19 4,723.20 825.01 LT 105.00 2.22 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 8.000 127.644 134.625 168.720 200.890 200.890 200.890 2,297.59 1,480.87 1,349.76 3,616.02 2,209.79 1,607.12 1,318.43 728.92 257.36 LT LT ST Total 37.000 5,128.22 7,432.93 2,047.35 257.36 LT ST 89.00 1.19 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 83.010 83.010 5,547.10 3,452.68 7,055.85 6,308.76 1,508.75 2,856.08 LT LT Total 161.000 8,999.78 13,364.61 4,364.83 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 84.490 84.490 84.490 1,955.37 1,594.21 7,413.84 2,365.72 1,943.27 9,293.90 410.35 349.06 1,880.06 LT LT ST Total 161.000 10,963.42 13,602.89 759.41 1,880.06 LT ST —— Asset Class: Equities INFINITY PPTY & CASUALTY (IPCC) 11/10/15 2/22/16 39.000 5.000 81.726 80.672 99.250 99.250 3,187.33 403.36 3,870.75 496.25 683.42 92.89 LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 75 of 118 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 4,367.00 776.31 LT 102.00 2.33 Next Dividend Payable 06/2017; Asset Class: Equities INSIGHT ENTERPRISES INC (NSIT) 11/10/15 103.000 26.693 42.100 2,749.39 4,336.30 1,586.91 LT —— Asset Class: Equities INTEGRA LIFESCIENCES CRP NEW (IART) 11/10/15 2/22/16 70.000 32.000 31.902 29.200 45.970 45.970 2,233.13 934.39 3,217.90 1,471.04 984.77 536.65 LT LT Total 102.000 3,167.52 4,688.94 1,521.42 LT —— Asset Class: Equities INVESTORS BANCORP INC NEW (ISBC) 11/10/15 2/22/16 449.000 47.000 12.750 11.640 13.850 13.850 5,724.75 547.08 6,218.65 650.95 493.90 103.87 LT LT Total 496.000 6,271.83 6,869.60 597.77 LT 159.00 2.31 Next Dividend Payable 05/2017; Asset Class: Equities JACOBS ENGINEERING GROUP INC (JEC) 5/5/16 82.000 45.879 54.920 3,762.04 4,503.44 741.40 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 11.140 10,989.75 8,477.54 (2,512.21)ST —— Asset Class: Equities JELD WEN HLD INC (JELD) 3/30/17 52.000 32.845 33.030 1,707.93 1,717.56 9.63 ST —— Asset Class: Equities JONES LANG LASALLE INC (JLL) 10/28/16 11/28/16 41.000 33.000 97.778 100.016 114.860 114.860 4,008.91 3,300.52 4,709.26 3,790.38 700.35 489.86 ST ST Total 74.000 7,309.43 8,499.64 1,190.21 ST 49.00 0.57 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 43.620 43.620 43.620 1,466.89 1,272.10 1,555.30 1,701.18 1,483.08 1,788.42 234.29 210.98 233.12 LT LT LT 11/5/15 73.000 37.757 43.620 2,756.29 3,184.26 427.97 LT 11/6/15 79.000 37.690 43.620 2,977.54 3,445.98 468.44 LT 2/22/16 29.000 34.827 43.620 1,009.99 1,264.98 254.99 LT Total 295.000 11,038.11 12,867.90 1,829.79 LT 378.00 2.93 Next Dividend Payable 07/2017; Asset Class: Equities KOSMOS ENERGY LTD (KOS) 11/10/15 1/27/17 531.000 1,190.000 7.627 6.360 6.010 6.010 4,050.10 7,568.40 3,191.31 7,151.90 (858.79) (416.50) LT ST Total 1,721.000 11,618.50 10,343.21 (858.79) (416.50) LT ST —— Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 76 of 118 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 89.891 101.150 101.150 101.150 11,953.96 1,874.90 1,528.14 20,533.45 3,135.65 1,719.55 8,579.49 1,260.75 191.41 LT LT ST Total 251.000 15,357.00 25,388.65 9,840.24 191.41 LT ST 502.00 1.97 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 25.390 25.390 25.390 3,259.36 4,530.90 797.50 4,900.27 6,982.25 1,345.67 1,640.91 2,451.35 548.17 LT LT LT 1/11/17 59.000 23.660 25.390 1,395.94 1,498.01 102.07 ST Total 580.000 9,983.70 14,726.20 4,640.43 102.07 LT ST 145.00 0.98 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 62.150 62.150 5,582.35 385.55 4,847.70 372.90 (734.65) (12.65) LT LT Total 84.000 5,967.90 5,220.60 (747.30)LT —— Asset Class: Equities LIONS GATE ENTMNT CORP CL B (LGF'B) 12/12/16 146.000 26.100 23.850 3,810.60 3,482.10 (328.50)ST —— Asset Class: Equities LITHIA MOTORS INC A (LAD) 9/2/16 9/15/16 117.000 30.000 84.514 91.404 95.550 95.550 9,888.11 2,742.12 11,179.35 2,866.50 1,291.24 124.38 ST ST Total 147.000 12,630.23 14,045.85 1,415.62 ST 159.00 1.13 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 32.160 32.160 3,269.89 514.63 3,955.68 804.00 685.79 289.37 LT LT Total 148.000 3,784.52 4,759.68 975.16 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 12.350 12.350 12.350 17,814.05 1,744.46 1,132.43 14,474.20 1,580.80 778.05 (3,339.85) (163.66) (354.38) LT LT ST 3/14/17 200.000 14.860 12.350 2,971.98 2,470.00 (501.98)ST Total 1,563.000 23,662.92 19,303.05 (3,503.51) (856.36) LT ST 938.00 4.85 Next Dividend Payable 07/2017; Asset Class: Equities MANPOWERGROUP INC COM (MAN) 11/10/15 2/22/16 39.000 9.000 91.140 78.036 100.980 100.980 3,554.46 702.32 3,938.22 908.82 383.76 206.50 LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 77 of 118 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 4,847.04 590.26 LT 83.00 1.71 Next Dividend Payable 06/2017; Asset Class: Equities MARVELL TECH GROUP LTD (MRVL) 4/5/17 715.000 15.129 15.020 10,817.24 10,739.30 (77.94)ST 172.00 1.60 Next Dividend Payable 07/2017; Asset Class: Equities MAXIMUS INC (MMS) 11/10/15 2/22/16 56.000 12.000 69.103 47.970 60.990 60.990 3,869.77 575.64 3,415.44 731.88 (454.33) 156.24 LT LT Total 68.000 4,445.41 4,147.32 (298.09)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 8.310 8.310 9,230.51 1,123.92 11,235.12 1,396.08 2,004.61 272.16 LT LT Total 1,520.000 10,354.43 12,631.20 2,276.77 LT 1,216.00 9.62 Next Dividend Payable 07/2017; Asset Class: Alt MINERALS TECHNOLOGY INC (MTX) 11/10/15 2/22/16 112.000 87.000 60.920 49.749 78.700 78.700 6,823.08 4,328.12 8,814.40 6,846.90 1,991.32 2,518.78 LT LT Total 199.000 11,151.20 15,661.30 4,510.10 LT 40.00 0.25 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 18.000 18.000 2,470.99 309.06 2,988.00 414.00 517.01 104.94 LT LT Total 189.000 2,780.05 3,402.00 621.95 LT 340.00 9.99 Next Dividend Payable 07/2017; Asset Class: Alt NATIONAL GEN HLDGS CORP (NGHC) 3/17/17 330.000 23.494 22.740 7,752.86 7,504.20 (248.66)ST 53.00 0.70 Next Dividend Payable 07/2017; Asset Class: Equities NATIONSTAR MORTGAGE HLDGS INC (NSM) 11/10/15 2/22/16 268.000 35.000 14.068 9.757 16.110 16.110 3,770.27 341.50 4,317.48 563.85 547.21 222.35 LT LT Total 303.000 4,111.77 4,881.33 769.56 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 15.200 15.200 15.200 5,823.24 2,622.44 5,691.79 6,976.80 3,344.00 8,360.00 1,153.56 721.56 2,668.21 LT LT LT 4/6/17 189.000 14.580 15.200 2,755.58 2,872.80 117.22 ST Total 1,418.000 16,893.05 21,553.60 4,543.33 117.22 LT ST 908.00 4.21 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 23.970 23.970 5,717.46 966.19 7,886.13 1,558.05 2,168.67 591.86 LT LT 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 78 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 394.000 6,683.65 9,444.18 2,760.53 LT —— Asset Class: Equities NELNET INC CL A (NNI) 6/24/16 196.000 32.477 45.010 6,365.45 8,821.96 2,456.51 ST 110.00 1.24 Next Dividend Payable 06/2017; Asset Class: Equities 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 55.230 55.230 55.230 5,688.00 571.14 1,278.50 8,726.34 1,104.60 1,380.75 3,038.34 533.46 102.25 LT LT ST Total 203.000 7,537.64 11,211.69 3,571.80 102.25 LT ST 292.00 2.60 Next Dividend Payable 06/2017; Asset Class: Equities OFFICE DEPOT (ODP) 5/11/16 1,031.000 3.708 4.970 3,823.36 5,124.07 1,300.71 ST 103.00 2.01 Next Dividend Payable 06/2017; Asset Class: Equities OLIN CORPORATION (OLN) 1/8/16 2/22/16 219.000 22.000 17.008 15.450 32.130 32.130 3,724.78 339.90 7,036.47 706.86 3,311.69 366.96 LT LT Total 241.000 4,064.68 7,743.33 3,678.65 LT 193.00 2.49 Next Dividend Payable 06/2017; Asset Class: Equities ON ASSIGNMENT INC (ASGN) 11/2/16 115.000 34.531 51.770 3,971.07 5,953.55 1,982.48 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 14.180 14.180 14.180 11,889.82 628.84 3,957.85 14,974.08 1,120.22 6,225.02 3,084.26 491.38 2,267.17 LT LT ST 1/11/17 99.000 13.475 14.180 1,334.03 1,403.82 69.79 ST Total 1,673.000 17,810.54 23,723.14 3,575.64 2,336.96 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 34.650 34.650 34.650 2,895.35 395.34 436.38 2,737.35 346.50 415.80 (158.00) (48.84) (20.58) LT LT LT Total 101.000 3,727.07 3,499.65 (227.42)LT 104.00 2.97 Next Dividend Payable 06/2017; Asset Class: Equities PACKAGING CORP AMER (PKG) 11/10/15 43.000 65.900 98.780 2,833.70 4,247.54 1,413.84 LT 108.00 2.54 Next Dividend Payable 07/2017; 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 63.830 63.830 63.830 1,483.53 466.32 9,535.88 1,404.26 510.64 9,510.67 (79.27) 44.32 (25.21) LT LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 79 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 179.000 11,485.73 11,425.57 (60.16)LT —— Asset Class: Equities 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 29.790 29.790 29.790 8,469.82 3,985.38 1,463.72 13,554.45 6,255.90 2,561.94 5,084.63 2,270.52 1,098.22 LT LT LT 7/21/16 45.000 28.034 29.790 1,261.53 1,340.55 79.02 ST Total 796.000 15,180.45 23,712.84 8,453.37 79.02 LT ST —— Asset Class: Equities PHARMERICA CORP COM (PMC) 8/22/16 187.000 22.371 23.600 4,183.41 4,413.20 229.79 ST —— Asset Class: Equities POLYONE CORP (POL) 3/7/17 143.000 32.840 39.210 4,696.06 5,607.03 910.97 ST 77.00 1.37 Next Dividend Payable 07/2017; Asset Class: Equities PORTLAND GENERAL ELEC CO (POR) 3/15/17 105.000 44.611 45.340 4,684.12 4,760.70 76.58 ST 143.00 3.00 Next Dividend Payable 07/2017; Asset Class: Equities PRA GROUP INC (PRAA) 5/10/16 152.000 24.958 32.200 3,793.57 4,894.40 1,100.83 ST —— Asset Class: Equities PULTE GROUP INC (PHM) 2/22/16 203.000 17.160 22.670 3,483.48 4,602.01 1,118.53 LT 73.00 1.58 Next Dividend Payable 07/2017; 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 11.810 11.810 11.810 4,205.55 190.52 7,589.81 3,129.65 200.77 5,101.92 (1,075.90) 10.25 (2,487.89) LT LT ST Total 714.000 11,985.88 8,432.34 (1,065.65) (2,487.89) LT ST —— Asset Class: Equities RADIAN GROUP INC (RDN) 11/10/15 2/22/16 657.000 69.000 14.417 10.987 16.880 16.880 9,472.23 758.09 11,090.16 1,164.72 1,617.93 406.63 LT LT Total 726.000 10,230.32 12,254.88 2,024.56 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 74.520 74.520 74.520 1,449.08 1,291.22 794.61 1,863.00 1,639.44 1,341.36 413.92 348.22 546.75 LT LT LT Total 65.000 3,534.91 4,843.80 1,308.89 LT 57.00 1.17 Next Dividend Payable 07/2017; Asset Class: Equities REALOGY HOLDINGS CORP (RLGY) 11/10/15 108.000 42.320 30.550 4,570.56 3,299.40 (1,271.16)LT 39.00 1.18 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 80 of 118 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 REINSURANCE GROUP OF AMERICA (RGA) 11/10/15 2/22/16 101.000 13.000 91.490 90.646 125.040 125.040 9,240.49 1,178.40 12,629.04 1,625.52 3,388.55 447.12 LT LT Total 114.000 10,418.89 14,254.56 3,835.67 LT 187.00 1.31 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 21.290 21.290 21.290 4,667.49 45.84 6,293.55 6,237.97 106.45 5,428.95 1,570.48 60.61 (864.60) LT LT ST Total 553.000 11,006.88 11,773.37 1,631.09 (864.60) LT ST —— Asset Class: Equities RPX CORPORATION COM (RPXC) 11/10/15 2/22/16 588.000 67.000 14.051 9.797 12.840 12.840 8,261.75 656.41 7,549.92 860.28 (711.83) 203.87 LT LT Total 655.000 8,918.16 8,410.20 (507.96)LT —— Asset Class: Equities RSP PERMIAN INC (RSPP) 11/10/15 2/22/16 148.000 11.000 28.170 21.260 38.050 38.050 4,169.16 233.86 5,631.40 418.55 1,462.24 184.69 LT LT Total 159.000 4,403.02 6,049.95 1,646.93 LT —— Asset Class: Equities SCHOLASTIC CP (SCHL) 5/20/16 100.000 37.305 43.230 3,730.48 4,323.00 592.52 ST 60.00 1.38 Next Dividend Payable 06/15/17; 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 43.050 43.050 43.050 5,286.01 2,335.30 2,527.76 5,725.65 2,496.90 3,271.80 439.64 161.60 744.04 LT LT LT Total 267.000 10,149.07 11,494.35 1,345.28 LT 449.00 3.90 Next Dividend Payable 07/2017; Asset Class: Equities SCRIPPS NETWORKS INTERAC CL A (SNI) 6/24/16 107.000 60.301 74.720 6,452.20 7,995.04 1,542.84 ST 128.00 1.60 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 13.750 13.750 4,205.15 257.25 4,757.50 412.50 552.35 155.25 LT LT Total 376.000 4,462.40 5,170.00 707.60 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 32.220 32.220 32.220 4,102.91 399.62 739.20 4,994.10 547.74 773.28 891.19 148.12 34.08 LT LT ST Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 81 of 118 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 6,315.12 1,039.31 34.08 LT ST 102.00 1.61 Next Dividend Payable 06/2017; Asset Class: Equities SKECHERS U S A INC CL A (SKX) 9/23/16 10/21/16 35.000 263.000 22.486 19.100 25.250 25.250 787.02 5,023.17 883.75 6,640.75 96.73 1,617.58 ST ST Total 298.000 5,810.19 7,524.50 1,714.31 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 12.540 12.540 12.540 4,671.52 331.64 1,558.25 8,514.66 689.70 1,642.74 3,843.14 358.06 84.49 LT LT ST Total 865.000 6,561.41 10,847.10 4,201.20 84.49 LT ST —— Asset Class: Equities STARWOOD PROPERTY TRUST INC (STWD) 5/13/16 12/6/16 307.000 227.000 20.352 22.140 22.690 22.690 6,248.19 5,025.78 6,965.83 5,150.63 717.64 124.85 ST ST Total 534.000 11,273.97 12,116.46 842.49 ST 1,025.00 8.45 Next Dividend Payable 07/2017; 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 36.140 36.140 36.140 2,830.10 5,557.81 1,478.08 5,963.10 10,950.42 2,059.98 3,133.00 5,392.61 581.90 LT LT ST Total 525.000 9,865.99 18,973.50 8,525.61 581.90 LT ST 326.00 1.71 Next Dividend Payable 07/2017; 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 38.050 38.050 38.050 5,902.75 2,519.55 1,144.26 6,658.75 3,005.95 1,255.65 756.00 486.40 111.39 LT LT LT Total 287.000 9,566.56 10,920.35 1,353.79 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 48.870 48.870 48.870 8,898.98 1,309.07 1,865.53 12,657.33 1,905.93 2,345.76 3,758.35 596.86 480.23 ST ST ST Total 346.000 12,073.58 16,909.02 4,835.44 ST —— Asset Class: Equities SUNCOKE ENERGY INC COM (SXC) 3/23/17 526.000 9.018 9.170 4,743.26 4,823.42 80.16 ST —— Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 82 of 118 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 87.486 107.563 175.940 175.940 4,899.22 3,764.72 9,852.64 6,157.90 4,953.42 2,393.18 LT ST Total 91.000 8,663.94 16,010.54 4,953.42 2,393.18 LT ST —— Asset Class: Equities SYKES ENTERPRISES INC (SYKE) 11/10/15 2/22/16 171.000 22.000 31.328 29.862 29.810 29.810 5,357.16 656.96 5,097.51 655.82 (259.65) (1.14) LT LT Total 193.000 6,014.12 5,753.33 (260.79)LT —— Asset Class: Equities SYNNEX CORP (SNX) 11/10/15 2/22/16 90.000 14.000 94.740 93.850 108.430 108.430 8,526.60 1,313.90 9,758.70 1,518.02 1,232.10 204.12 LT LT Total 104.000 9,840.50 11,276.72 1,436.22 LT 104.00 0.92 Next Dividend Payable 07/2017; 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 12.330 12.330 12.330 689.73 1,963.60 1,927.83 147.96 419.22 406.89 (541.77) (1,544.38) (1,520.94) LT LT LT 5/8/15 26.000 58.570 12.330 1,522.82 320.58 (1,202.24)LT 5/8/15 37.000 58.472 12.330 2,163.45 456.21 (1,707.24)LT 5/15/15 25.000 57.665 12.330 1,441.62 308.25 (1,133.37)LT 6/25/15 72.000 65.516 12.330 4,717.17 887.76 (3,829.41)LT 8/19/15 15.000 57.403 12.330 861.05 184.95 (676.10)LT 8/20/15 16.000 57.071 12.330 913.14 197.28 (715.86)LT 11/10/15 351.000 21.802 12.330 7,652.64 4,327.83 (3,324.81)LT 2/22/16 54.000 14.390 12.330 777.05 665.82 (111.23)LT 4/29/16 48.000 17.427 12.330 836.49 591.84 (244.65)LT Total 723.000 25,466.59 8,914.59 (16,552.00)LT 521.00 5.84 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 25.480 25.480 5,371.91 493.34 4,994.08 509.60 (377.83) 16.26 LT LT Total 216.000 5,865.25 5,503.68 (361.57)LT 121.00 2.19 Next Dividend Payable 07/2017; Asset Class: Equities TELETECH HOLDINGS INC (TTEC) 11/10/15 2/22/16 434.000 32.000 28.833 27.209 31.250 31.250 12,513.70 870.68 13,562.50 1,000.00 1,048.80 129.32 LT LT Total 466.000 13,384.38 14,562.50 1,178.12 LT 196.00 1.34 Next Dividend Payable 10/2017; Asset Class: Equities TEMPUR-PEDIC INT'L INC (TPX) 10/17/16 79.000 51.869 46.950 4,097.68 3,709.05 (388.63)ST —— Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 83 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 35.270 35.270 35.270 6,251.10 753.60 1,305.00 10,968.97 1,410.80 1,763.50 4,717.87 657.20 458.50 LT LT ST Total 401.000 8,309.70 14,143.27 5,375.07 458.50 LT ST 112.00 0.79 Next Dividend Payable 06/2017; Asset Class: Equities TESORO PETROLEUM CP (TSO) 3/15/17 92.000 84.498 79.710 7,773.84 7,333.32 (440.52)ST 202.00 2.75 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 43.950 43.950 5,856.40 522.94 9,669.00 835.05 3,812.60 312.11 LT LT Total 239.000 6,379.34 10,504.05 4,124.71 LT 86.00 0.81 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 76.710 76.710 2,741.77 733.56 3,528.66 1,073.94 786.89 340.38 LT LT Total 60.000 3,475.33 4,602.60 1,127.27 LT 36.00 0.78 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 30.850 30.850 2,236.68 65.39 4,319.00 154.25 2,082.32 88.86 LT LT Total 145.000 2,302.07 4,473.25 2,171.18 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 9.990 9.990 9.990 10,813.25 1,281.00 5,719.00 12,937.05 1,678.32 6,643.35 2,123.80 397.32 924.35 LT LT ST Total 2,128.000 17,813.25 21,258.72 2,521.12 924.35 LT ST 2,128.00 10.01 Next Dividend Payable 07/2017; 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 73.450 73.450 73.450 2,929.08 825.05 5,450.13 3,892.85 1,101.75 7,271.55 963.77 276.70 1,821.42 LT LT ST Total 167.000 9,204.26 12,266.15 1,240.47 1,821.42 LT ST 361.00 2.94 Next Dividend Payable 05/08/17; Asset Class: Equities 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 55.280 55.280 55.280 9,356.40 2,076.18 977.80 11,442.96 2,542.88 1,105.60 2,086.56 466.70 127.80 LT LT ST 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 84 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 273.000 12,410.38 15,091.44 2,553.26 127.80 LT ST 415.00 2.74 Next Dividend Payable 06/2017; Asset Class: Equities VALVOLINE INC COM (VVV) 1/5/17 463.000 21.419 22.250 9,917.00 10,301.75 384.75 ST 91.00 0.88 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 44.850 44.850 44.850 12,947.58 942.77 1,946.34 20,361.90 1,838.85 3,991.65 7,414.32 896.08 2,045.31 LT LT LT Total 584.000 15,836.69 26,192.40 10,355.71 LT —— Asset Class: Equities WESCO INTL INC (WCC) 11/10/15 12/4/15 2/22/16 34.000 73.000 161.000 48.858 47.886 43.870 60.950 60.950 60.950 1,661.16 3,495.66 7,063.07 2,072.30 4,449.35 9,812.95 411.14 953.69 2,749.88 LT LT LT Total 268.000 12,219.89 16,334.60 4,114.71 LT —— Asset Class: Equities WEST BAF32 CASH 11/10/15 2/22/16 3/13/17 274.000 18.000 43.000 46.310 26.927 35.647 34.500 34.500 34.500 12,688.94 484.68 1,532.82 9,453.00 621.00 1,483.50 (3,235.94) 136.32 (49.32) LT LT ST Total 335.000 14,706.44 11,557.50 (3,099.62) (49.32) LT ST 509.00 4.40 Next Dividend Payable 05/2017; Asset Class: Equities WILDHORSE RESOURCE DEV CORP (WRD) 12/15/16 554.000 14.809 10.910 8,204.02 6,044.14 (2,159.88)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 36.830 36.830 36.830 16,163.22 1,797.48 4,104.24 13,111.48 1,436.37 4,124.96 (3,051.74) (361.11) 20.72 LT LT ST 3/14/17 209.000 36.766 36.830 7,684.05 7,697.47 13.42 ST Total 716.000 29,748.99 26,370.28 (3,412.85) 34.14 LT ST 172.00 0.65 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 96.75%$1,289,457.75 $1,500,683.66 $178,029.97 $33,195.94 LT ST $25,271.00 1.68% Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 85 of 118 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 $17.600 17.600 17.600 $3,543.52 345.79 4,201.36 $3,995.20 475.20 4,716.80 $451.68 129.41 515.44 LT LT ST Total 522.000 8,090.67 9,187.20 581.09 515.44 LT ST 793.00 8.63 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 0.59%$8,090.67 $9,187.20 $581.09 515.44 LT ST $793.00 8.63% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,297,548.42 $1,551,148.86 $178,611.06 $33,711.38 LT ST $26,068.00 $0.00 1.68% TOTAL VALUE (includes accrued interest)100.00%$1,551,148.86 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. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $41,278.00 —————— Stocks —$1,396,777.63 —$103,906.03 ——— ETFs & CEFs ——$9,187.20 ———— TOTAL ALLOCATION OF ASSETS $41,278.00 $1,396,777.63 $9,187.20 $103,906.03 ——— 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 86 of 118 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/4 4/7 Sold CUBIC CORP ACTED AS AGENT 95.000 $50.2810 $4,776.59 4/4 4/7 Sold WESCO INTL INC ACTED AS AGENT 59.000 69.2500 4,085.66 4/4 4/7 Sold OLIN CORPORATION ACTED AS AGENT 88.000 32.0821 2,823.15 4/4 4/7 Bought CARLISLE CO INC ACTED AS AGENT 88.000 104.4441 (9,191.08) 4/4 4/7 Bought ACCO BRANDS CORP ACTED AS AGENT 573.000 13.5064 (7,739.17) 4/5 4/10 Bought MARVELL TECH GROUP LTD ACTED AS AGENT 715.000 15.1290 (10,817.24) 4/6 4/11 Sold SKECHERS U S A INC CL A ACTED AS AGENT 277.000 25.6581 7,107.13 4/6 4/11 Bought NAVIENT CORP COM ACTED AS AGENT 189.000 14.5798 (2,755.58) 4/10 4/13 Sold VALVOLINE INC COM ACTED AS AGENT 50.000 23.8203 1,190.99 TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(10,519.55) TOTAL PURCHASES $(30,503.07) TOTAL SALES AND REDEMPTIONS $19,983.52 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) 4/3 Qualified Dividend TEGNA INC COM $30.24 4/4 Qualified Dividend KAR AUCTION SVCS INC 94.40 4/4 Qualified Dividend BROCADE COMMUN SYSTEMS INC 43.51 4/4 Qualified Dividend PULTE GROUP INC 18.27 4/4 Qualified Dividend FIRST CITIZ BANCSHARES A 6.90 4/5 Qualified Dividend GRAPHIC PACKAGING HOLDING CO 77.25 4/5 Qualified Dividend BELDEN INC 2.45 4/6 Qualified Dividend POLYONE CORP 19.31 4/7 Qualified Dividend SCHWEITZER MAUDUIT INT INC 112.14 4/7 Qualified Dividend AIR LEASE CORP CL A 50.33 4/7 Dividend AGNC INVT CORP COM 50.04 4/7 Qualified Dividend WORLD FUEL SERVICES CORP 42.96 4/7 Qualified Dividend CONVERGYS CORPORATION 15.93 4/10 Qualified Dividend STEEL DYNAMICS INC 81.38 4/12 Dividend CYS INVESTMENTS INC 417.50 4/13 Qualified Dividend CURTISS WRIGHT CORP 10.40 4/17 Dividend STARWOOD PROPERTY TRUST INC 256.32 4/17 Qualified Dividend MAIDEN HOLDINGS LTD SHS 234.45 4/17 Dividend ARES COMMERCIAL REAL EST CORP 191.97 4/17 Qualified Dividend COLONY NORTHSTAR INC 180.00 4/17 Qualified Dividend CLUBCORP HLDGS INC 122.33 4/17 Qualified Dividend TELETECH HOLDINGS INC 102.52 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 87 of 118 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Dividend BLACKSTONE MTG TRUST INC CL A 94.86 4/17 Qualified Dividend AXIS CAPITAL HOLDINGS LTD 81.32 4/17 Qualified Dividend AMDOCS LIMITED ORD 42.68 4/17 Qualified Dividend PORTLAND GENERAL ELEC CO 33.60 4/17 Qualified Dividend PACKAGING CORP AMER 27.09 4/17 Qualified Dividend GRANITE CONSTR INC 15.86 4/17 Qualified Dividend RAYMOND JAMES FINCL INC 14.30 4/17 Qualified Dividend PACKAGING CORP AMER 5.04 4/19 Qualified Dividend NATIONAL GEN HLDGS CORP 13.20 4/27 Dividend TWO HARBORS INVT CORP COM 532.00 4/27 Dividend MTGE INVT CORP 85.05 4/28 Dividend MFA FINANCIAL INC 304.00 4/28 Dividend ANWORTH MORTGAGE ASSET CORP 68.55 4/28 Qualified Dividend BANKUNITED INC 62.37 4/28 Dividend CHATHAM LODGING TRUST COM 41.80 4/28 Qualified Dividend SYNNEX CORP 26.00 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 0.35 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $3,608.67 TOTAL QUALIFIED DIVIDENDS $1,566.23 TOTAL OTHER DIVIDENDS $2,042.09 TOTAL INTEREST $0.35 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(2,522.44) TOTAL OTHER CREDITS AND DEBITS $(2,522.44) TOTAL OTHER DEBITS $(2,522.44) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/3 Automatic Redemption BANK DEPOSIT PROGRAM $(4,589.88) 4/4 Automatic Investment BANK DEPOSIT PROGRAM 163.08 4/5 Automatic Investment BANK DEPOSIT PROGRAM 4,554.73 4/6 Automatic Investment BANK DEPOSIT PROGRAM 19.31 4/7 Automatic Redemption BANK DEPOSIT PROGRAM (4,973.45) 4/10 Automatic Redemption BANK DEPOSIT PROGRAM (10,735.86) 4/12 Automatic Investment BANK DEPOSIT PROGRAM 4,769.05 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 88 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 4/13 Automatic Investment BANK DEPOSIT PROGRAM 10.40 4/17 Automatic Investment BANK DEPOSIT PROGRAM 2,593.33 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (2,522.44) 4/19 Automatic Investment BANK DEPOSIT PROGRAM 13.20 4/27 Automatic Investment BANK DEPOSIT PROGRAM 617.05 4/28 Automatic Investment BANK DEPOSIT PROGRAM 502.72 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.35 NET ACTIVITY FOR PERIOD $(9,578.41) TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 4/21 Exchange Delivered Out WESTERN REFINING, INC TENDER (335.000) 4/21 Exchange Received In WEST BAF32 CASH TENDER 335.000 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments CUBIC CORP 11/10/15 04/04/17 95.000 $4,776.59 $4,210.19 $566.40 OLIN CORPORATION 01/08/16 04/04/17 88.000 2,823.15 1,496.71 1,326.44 WESCO INTL INC 11/10/15 04/04/17 59.000 4,085.66 2,882.60 1,203.06 Long-Term This Period $11,685.40 $8,589.50 $3,095.90 Long-Term Year to Date $108,266.97 $89,087.00 $19,179.97 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments SKECHERS U S A INC CL A 09/23/16 04/06/17 277.000 7,107.13 6,228.74 878.39 VALVOLINE INC COM 01/05/17 04/10/17 50.000 1,190.99 1,070.95 120.04 Short-Term This Period $8,298.12 $7,299.69 $998.43 Short-Term Year to Date $33,716.74 $27,260.10 $6,456.64 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 89 of 118 SHORT-TERM GAIN/(LOSS) (CONTINUED) Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss) Net Realized Gain/(Loss) This Period $19,983.52 $15,889.19 $4,094.33 Net Realized Gain/(Loss) Year to Date $141,983.71 $116,347.10 $25,636.61 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. MESSAGES 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. 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 1 8 7 5 M S A D T 2 5 2 This page intentionally left blank Page 90 of 118 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $1,473,995.55 $1,362,287.35 Credits —— Debits (2,388.69)(4,579.59) Security Transfers —— Net Credits/Debits/Transfers $(2,388.69)$(4,579.59) Change in Value 24,806.87 138,705.97 TOTAL ENDING VALUE $1,496,413.73 $1,496,413.73 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 1.1 1.2 1.3 1.4 1.5 1.6 ($ ) 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 91 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $34,757.14 2.32 Equities 1,461,656.59 97.68 TOTAL VALUE $1,496,413.73 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 92 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $40,968.84 $38,990.04 Stocks 1,433,026.71 1,461,656.59 Net Unsettled Purchases/Sales —(4,232.90) Total Assets $1,473,995.55 $1,496,413.73 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,473,995.55 $1,496,413.73 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $40,968.84 $21,613.68 Purchases (57,237.17)(87,889.73) Sales and Redemptions 53,057.09 103,379.92 Net Unsettled Purch/Sales 4,232.90 4,232.90 Income and Distributions 357.07 2,232.86 Total Investment Related Activity $409.89 $21,955.95 Other Debits (2,388.69)(4,579.59) Total Cash Related Activity $(2,388.69)$(4,579.59) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $38,990.04 $38,990.04 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Qualified Dividends $356.73 $2,231.91 Interest 0.34 0.95 Total Taxable Income And Distributions $357.07 $2,232.86 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $357.07 $2,232.86 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain $12,558.23 $12,558.23 $31,026.34 Short-Term (Loss)——(21,643.92) Total Short-Term $12,558.23 $12,558.23 $9,382.42 Long-Term Gain 12,709.42 18,753.20 249,526.75 Long-Term (Loss)—(1,530.33)(74,974.23) Total Long-Term $12,709.42 $17,222.87 $174,552.52 TOTAL GAIN/(LOSS)$25,267.65 $29,781.10 $183,934.94 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Foreign Tax Paid —$24.02 Account Detail CLIENT STATEMENT For the Period April 1-30, 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 93 of 118 † 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 #$38,990.04 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $38,990.04 $4.00 NET UNSETTLED PURCHASES/SALES $(4,232.90) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.32%$34,757.14 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 94 of 118 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 $45.400 45.400 45.400 $6,727.72 1,257.26 5,300.28 $8,489.80 1,589.00 6,673.80 $1,762.08 331.74 1,373.52 ST ST ST Total 369.000 13,285.26 16,752.60 3,467.34 ST —— Asset Class: Equities ACUITY BRANDS INC (AYI) 11/10/15 2/16/16 2/10/17 105.000 15.000 48.000 210.959 185.555 211.070 176.100 176.100 176.100 22,150.73 2,783.33 10,131.36 18,490.50 2,641.50 8,452.80 (3,660.23) (141.83) (1,678.56) LT LT ST Total 168.000 35,065.42 29,584.80 (3,802.06) (1,678.56) LT ST 87.00 0.29 Next Dividend Payable 05/01/17; 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 89.780 110.160 110.160 110.160 17,062.55 2,122.54 2,154.71 20,379.60 2,754.00 2,643.84 3,317.05 631.46 489.13 LT LT LT 4/26/16 26.000 91.013 110.160 2,366.35 2,864.16 497.81 LT 4/27/16 28.000 90.984 110.160 2,547.55 3,084.48 536.93 LT 4/28/16 64.000 90.875 110.160 5,816.00 7,050.24 1,234.24 LT Total 352.000 32,069.70 38,776.32 6,706.62 LT —— 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 98.010 98.010 98.010 19,263.41 12,387.33 3,826.38 13,525.38 10,291.05 2,940.30 (5,738.03) (2,096.28) (886.08) LT LT LT 6/24/16 50.000 131.236 98.010 6,561.80 4,900.50 (1,661.30)ST Total 323.000 42,038.92 31,657.23 (8,720.39) (1,661.30) LT ST —— Asset Class: Equities BEACON ROOFING SUPPLY INC (BECN) 1/12/15 11/10/15 390.000 35.000 27.079 37.520 49.570 49.570 10,560.93 1,313.20 19,332.30 1,734.95 8,771.37 421.75 LT LT Total 425.000 11,874.13 21,067.25 9,193.12 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 87.221 107.080 107.080 107.080 6,728.81 15,211.02 2,180.53 7,923.92 17,668.20 2,677.00 1,195.11 2,457.18 496.47 LT LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 95 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 264.000 24,120.36 28,269.12 4,148.76 LT 338.00 1.19 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 11.800 11.800 11.800 1,868.66 6,229.84 2,773.69 1,534.00 3,481.00 2,419.00 (334.66) (2,748.84) (354.69) LT LT LT 2/16/16 80.000 11.467 11.800 917.35 944.00 26.65 LT Total 710.000 11,789.54 8,378.00 (3,411.54)LT —— Asset Class: Equities CHEMED CORPORATION (CHE) 10/17/14 1/12/15 2/16/16 55.000 150.000 25.000 99.105 103.282 134.254 201.380 201.380 201.380 5,450.78 15,492.26 3,356.36 11,075.90 30,207.00 5,034.50 5,625.12 14,714.74 1,678.14 LT LT LT Total 230.000 24,299.40 46,317.40 22,018.00 LT 239.00 0.51 Next Dividend Payable 06/2017; Asset Class: Equities COGNEX CORP (CGNX) 11/10/15 2/16/16 208.000 55.000 35.920 34.453 85.340 85.340 7,471.26 1,894.89 17,750.72 4,693.70 10,279.46 2,798.81 LT LT Total 263.000 9,366.15 22,444.42 13,078.27 LT 79.00 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 35.000 143.180 178.150 202.297 240.890 240.890 240.890 7,874.90 22,268.69 7,080.41 13,248.95 30,111.25 8,431.15 5,374.05 7,842.56 1,350.74 LT LT LT 2/16/16 25.000 161.606 240.890 4,040.15 6,022.25 1,982.10 LT Total 240.000 41,264.15 57,813.60 16,549.45 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 15.600 15.600 15.600 1,817.43 2,099.41 3,127.14 998.40 1,170.00 1,684.80 (819.03) (929.41) (1,442.34) ST ST ST 10/24/16 326.000 28.853 15.600 9,406.21 5,085.60 (4,320.61)ST 10/25/16 145.000 28.878 15.600 4,187.27 2,262.00 (1,925.27)ST Total 718.000 20,637.46 11,200.80 (9,436.66)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 83.150 83.150 83.150 1,229.40 4,608.54 3,957.27 2,161.90 7,982.40 7,067.75 932.50 3,373.86 3,110.48 LT LT LT 7/28/15 84.000 47.145 83.150 3,960.21 6,984.60 3,024.39 LT 2/16/16 35.000 42.951 83.150 1,503.27 2,910.25 1,406.98 LT Total 326.000 15,258.69 27,106.90 11,848.21 LT —— 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 96 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities ELLIE MAE INC (ELLI) 12/1/16 241.000 79.999 101.760 19,279.83 24,524.16 5,244.33 ST —— Asset Class: Equities EXLSERVICE HLDGS INC (EXLS) 12/12/16 440.000 49.917 47.710 21,963.52 20,992.40 (971.12)ST —— Asset Class: Equities FASTENAL CO (FAST) 11/10/15 2/16/16 875.000 120.000 40.747 43.587 44.680 44.680 35,653.36 5,230.45 39,095.00 5,361.60 3,441.64 131.15 LT LT Total 995.000 40,883.81 44,456.60 3,572.79 LT 1,274.00 2.86 Next Dividend Payable 05/24/17; 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 42.500 42.500 42.500 4,661.21 1,715.21 1,351.50 5,610.00 1,827.50 1,445.00 948.79 112.29 93.50 LT LT LT 2/18/15 84.000 39.001 42.500 3,276.08 3,570.00 293.92 LT 2/19/15 144.000 39.132 42.500 5,635.05 6,120.00 484.95 LT 2/16/16 55.000 26.237 42.500 1,443.01 2,337.50 894.49 LT Total 492.000 18,082.06 20,910.00 2,827.94 LT 138.00 0.65 Next Dividend Payable 07/2017; 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 49.120 49.120 49.120 5,056.44 13,439.31 8,520.96 6,385.60 18,911.20 11,788.80 1,329.16 5,471.89 3,267.84 LT LT LT Total 755.000 27,016.71 37,085.60 10,068.89 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 20.650 20.650 20.650 3,887.39 8,308.31 4,182.16 4,563.65 10,428.25 6,091.75 676.26 2,119.94 1,909.59 LT LT LT Total 1,021.000 16,377.86 21,083.65 4,705.79 LT 368.00 1.74 Next Dividend Payable 07/2017; 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 75.160 75.160 75.160 15,933.39 3,108.81 1,546.10 27,207.92 5,336.36 2,705.76 11,274.53 2,227.55 1,159.66 LT LT LT 7/28/15 27.000 42.932 75.160 1,159.16 2,029.32 870.16 LT 8/3/15 28.000 43.031 75.160 1,204.88 2,104.48 899.60 LT 8/4/15 107.000 42.905 75.160 4,590.85 8,042.12 3,451.27 LT 2/16/16 80.000 34.275 75.160 2,742.00 6,012.80 3,270.80 LT Total 711.000 30,285.19 53,438.76 23,153.57 LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 97 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % HEALTHSTREAM INC (HSTM) 10/24/16 10/24/16 10/25/16 38.000 49.000 63.000 27.565 27.675 27.610 27.790 27.790 27.790 1,047.47 1,356.06 1,739.41 1,056.02 1,361.71 1,750.77 8.55 5.65 11.36 ST ST ST 10/28/16 165.000 26.649 27.790 4,397.12 4,585.35 188.23 ST 11/2/16 227.000 26.307 27.790 5,971.80 6,308.33 336.53 ST 11/3/16 217.000 24.029 27.790 5,214.34 6,030.43 816.09 ST Total 759.000 19,726.20 21,092.61 1,366.41 ST —— Asset Class: Equities HEICO CORP NEW (HEI) 4/17/15 4/30/15 5/15/15 18.000 96.000 68.000 49.311 44.938 45.267 71.070 71.070 71.070 887.60 4,314.09 3,078.15 1,279.26 6,822.72 4,832.76 391.66 2,508.63 1,754.61 LT LT LT 5/19/15 92.000 45.864 71.070 4,219.51 6,538.44 2,318.93 LT 6/3/15 92.000 46.924 71.070 4,317.00 6,538.44 2,221.44 LT 2/16/16 43.000 43.254 71.070 1,859.92 3,056.01 1,196.09 LT 6/22/16 16.000 52.679 71.070 842.86 1,137.12 294.26 ST 6/24/16 32.000 51.947 71.070 1,662.31 2,274.24 611.93 ST 6/29/16 26.000 52.418 71.070 1,362.86 1,847.82 484.96 ST 7/12/16 110.000 50.943 71.070 5,603.68 7,817.70 2,214.02 ST Total 593.000 28,147.98 42,144.51 10,391.36 3,605.17 LT ST 85.00 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 15.000 153.070 153.270 161.677 173.800 173.800 173.800 6,428.95 9,962.53 2,425.15 7,299.60 11,297.00 2,607.00 870.65 1,334.47 181.85 LT LT LT Total 122.000 18,816.63 21,203.60 2,386.97 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 45.910 45.910 45.910 2,702.07 13,701.20 1,518.22 4,545.09 20,659.50 2,111.86 1,843.02 6,958.30 593.64 LT LT LT 6/19/15 220.000 33.170 45.910 7,297.38 10,100.20 2,802.82 LT 6/23/15 89.000 33.452 45.910 2,977.23 4,085.99 1,108.76 LT 2/16/16 115.000 34.847 45.910 4,007.42 5,279.65 1,272.23 LT Total 1,019.000 32,203.52 46,782.29 14,578.77 LT 764.00 1.63 Next Dividend Payable 06/2017; Asset Class: Equities IHS MARKIT LTD (INFO) 7/13/16 809.000 32.880 43.400 26,599.92 35,110.60 8,510.68 ST —— Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 98 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % INNERWORKINGS INC (INWK) 10/17/14 1/12/15 11/10/15 300.000 700.000 675.000 8.376 7.023 8.089 10.590 10.590 10.590 2,512.77 4,916.38 5,460.01 3,177.00 7,413.00 7,148.25 664.23 2,496.62 1,688.24 LT LT LT 2/16/16 240.000 6.581 10.590 1,579.44 2,541.60 962.16 LT Total 1,915.000 14,468.60 20,279.85 5,811.25 LT —— Asset Class: Equities 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 12.250 12.250 12.250 372.94 751.22 1,113.64 245.00 490.00 698.25 (127.94) (261.22) (415.39) LT LT LT 2/22/16 331.000 19.547 12.250 6,470.16 4,054.75 (2,415.41)LT 2/25/16 125.000 17.654 12.250 2,206.73 1,531.25 (675.48)LT 2/26/16 172.000 16.423 12.250 2,824.84 2,107.00 (717.84)LT 3/2/16 51.000 17.375 12.250 886.12 624.75 (261.37)LT 3/4/16 115.000 17.944 12.250 2,063.55 1,408.75 (654.80)LT 3/7/16 64.000 17.976 12.250 1,150.44 784.00 (366.44)LT Total 975.000 17,839.64 11,943.75 (5,895.89)LT —— Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 11/10/15 2/16/16 145.000 20.000 114.785 106.799 138.590 138.590 16,643.83 2,135.98 20,095.55 2,771.80 3,451.72 635.82 LT LT Total 165.000 18,779.81 22,867.35 4,087.54 LT 422.00 1.84 Next Dividend Payable 07/2017; Asset Class: Equities LKQ CORPORATION (LKQ) 11/10/15 2/16/16 786.000 190.000 30.035 25.600 31.240 31.240 23,607.27 4,864.00 24,554.64 5,935.60 947.37 1,071.60 LT LT Total 976.000 28,471.27 30,490.24 2,018.97 LT —— Asset Class: Equities MAXIMUS INC (MMS) 1/12/15 2/16/16 350.000 45.000 53.795 47.779 60.990 60.990 18,828.42 2,150.05 21,346.50 2,744.55 2,518.08 594.50 LT LT Total 395.000 20,978.47 24,091.05 3,112.58 LT 71.00 0.29 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 60.360 60.360 60.360 6,071.05 17,039.70 4,217.96 6,941.40 15,693.60 3,923.40 870.35 (1,346.10) (294.56) LT LT LT Total 440.000 27,328.71 26,558.40 (770.31)LT —— Asset Class: Equities MIDDLEBY CORP DEL (MIDD) 11/10/15 2/16/16 205.000 25.000 118.080 84.142 136.130 136.130 24,206.40 2,103.54 27,906.65 3,403.25 3,700.25 1,299.71 LT LT Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 99 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 230.000 26,309.94 31,309.90 4,999.96 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 34.910 34.910 34.910 6,630.56 22,654.13 4,046.17 8,099.12 26,182.50 5,061.95 1,468.56 3,528.37 1,015.78 LT LT LT 6/24/16 229.000 27.325 34.910 6,257.31 7,994.39 1,737.08 ST 6/27/16 37.000 26.030 34.910 963.11 1,291.67 328.56 ST 6/29/16 106.000 26.365 34.910 2,794.72 3,700.46 905.74 ST 7/13/16 78.000 28.782 34.910 2,245.00 2,722.98 477.98 ST Total 1,577.000 45,591.00 55,053.07 6,012.71 3,449.36 LT ST 1,325.00 2.40 Next Dividend Payable 06/2017; Asset Class: Equities NEOGEN CP (NEOG) 1/12/15 2/16/16 177.000 45.000 48.280 48.364 62.330 62.330 8,545.56 2,176.37 11,032.41 2,804.85 2,486.85 628.48 LT LT Total 222.000 10,721.93 13,837.26 3,115.33 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 6.960 6.960 6.960 1,247.93 1,674.29 702.19 821.28 1,099.68 466.32 (426.65) (574.61) (235.87) ST ST ST 10/26/16 381.000 10.638 6.960 4,053.04 2,651.76 (1,401.28)ST 10/27/16 53.000 10.590 6.960 561.25 368.88 (192.37)ST 10/28/16 47.000 10.620 6.960 499.12 327.12 (172.00)ST 10/31/16 87.000 11.066 6.960 962.77 605.52 (357.25)ST 11/1/16 369.000 11.256 6.960 4,153.39 2,568.24 (1,585.15)ST Total 1,280.000 13,853.98 8,908.80 (4,945.18)ST —— Asset Class: Equities PATTERSON COMPANIES INC (PDCO) 11/10/15 2/16/16 425.000 55.000 48.017 43.504 44.490 44.490 20,407.18 2,392.74 18,908.25 2,446.95 (1,498.93) 54.21 LT LT Total 480.000 22,799.92 21,355.20 (1,444.72)LT 499.00 2.33 Next Dividend Payable 07/2017; 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 32.200 32.200 32.200 7,682.13 20,550.34 1,280.79 4,186.00 11,753.00 998.20 (3,496.13) (8,797.34) (282.59) LT LT LT 12/1/15 49.000 40.399 32.200 1,979.55 1,577.80 (401.75)LT 12/2/15 38.000 39.699 32.200 1,508.55 1,223.60 (284.95)LT 12/3/15 19.000 39.319 32.200 747.07 611.80 (135.27)LT 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 100 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 12/7/15 11.000 38.739 32.200 426.13 354.20 (71.93)LT 12/8/15 13.000 38.584 32.200 501.59 418.60 (82.99)LT 12/9/15 44.000 38.640 32.200 1,700.16 1,416.80 (283.36)LT 2/16/16 75.000 27.189 32.200 2,039.17 2,415.00 375.83 LT 12/12/16 177.000 38.067 32.200 6,737.91 5,699.40 (1,038.51)ST Total 952.000 45,153.39 30,654.40 (13,460.48) (1,038.51) 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 24.650 24.650 24.650 927.45 1,990.85 919.95 1,109.25 2,366.40 1,059.95 181.80 375.55 140.00 LT LT LT 8/4/15 34.000 21.316 24.650 724.76 838.10 113.34 LT 8/5/15 25.000 21.586 24.650 539.64 616.25 76.61 LT 8/5/15 17.000 21.605 24.650 367.29 419.05 51.76 LT 8/6/15 63.000 21.580 24.650 1,359.54 1,552.95 193.41 LT 8/6/15 43.000 21.630 24.650 930.09 1,059.95 129.86 LT 8/11/15 66.000 21.055 24.650 1,389.65 1,626.90 237.25 LT 8/13/15 31.000 20.457 24.650 634.16 764.15 129.99 LT 8/20/15 49.000 20.601 24.650 1,009.45 1,207.85 198.40 LT 8/24/15 39.000 20.572 24.650 802.30 961.35 159.05 LT 8/27/15 31.000 21.069 24.650 653.15 764.15 111.00 LT 2/16/16 75.000 10.597 24.650 794.79 1,848.75 1,053.96 LT 10/21/16 66.000 21.884 24.650 1,444.32 1,626.90 182.58 ST 10/24/16 129.000 22.306 24.650 2,877.42 3,179.85 302.43 ST 10/25/16 62.000 22.142 24.650 1,372.79 1,528.30 155.51 ST 10/26/16 84.000 22.200 24.650 1,864.80 2,070.60 205.80 ST Total 998.000 20,602.40 24,600.70 3,151.98 846.32 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 58.000 58.000 58.000 1,039.91 4,368.29 16,153.80 870.00 3,770.00 15,080.00 (169.91) (598.29) (1,073.80) LT LT LT 7/27/15 62.000 75.326 58.000 4,670.19 3,596.00 (1,074.19)LT 7/28/15 16.000 72.988 58.000 1,167.81 928.00 (239.81)LT 8/4/15 22.000 73.075 58.000 1,607.66 1,276.00 (331.66)LT 2/16/16 55.000 60.511 58.000 3,328.08 3,190.00 (138.08)LT Total 495.000 32,335.74 28,710.00 (3,625.74)LT —— Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 101 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities RITCHIE BROTHERS AUCTIONEERS (RBA) 1/12/15 2/16/16 797.000 145.000 26.037 23.097 32.760 32.760 20,751.57 3,349.05 26,109.72 4,750.20 5,358.15 1,401.15 LT LT Total 942.000 24,100.62 30,859.92 6,759.30 LT 641.00 2.07 Next Dividend Payable 06/2017; Asset Class: Equities ROLLINS INC (ROL) 1/12/15 11/10/15 2/16/16 619.000 135.000 100.000 21.687 26.306 26.904 38.830 38.830 38.830 13,424.43 3,551.26 2,690.37 24,035.77 5,242.05 3,883.00 10,611.34 1,690.79 1,192.63 LT LT LT Total 854.000 19,666.06 33,160.82 13,494.76 LT 393.00 1.18 Next Dividend Payable 06/2017; Asset Class: Equities SNAP-ON INC (SNA) 2/1/17 110.000 180.120 167.530 19,813.20 18,428.30 (1,384.90)ST 312.00 1.69 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 85.340 85.340 32,393.43 3,817.28 22,188.40 2,986.90 (10,205.03) (830.38) LT LT Total 295.000 36,210.71 25,175.30 (11,035.41)LT —— Asset Class: Equities STRATASYS LTD SHS (SSYS) 7/30/15 3/13/17 337.000 37.000 32.272 19.135 24.760 24.760 10,875.57 708.00 8,344.12 916.12 (2,531.45) 208.12 LT ST Total 374.000 11,583.57 9,260.24 (2,531.45) 208.12 LT ST —— Asset Class: Equities ULTIMATE SOFTWARE GP INC (ULTI) 10/17/14 1/12/15 11/10/15 35.000 200.000 25.000 135.170 144.503 203.630 202.670 202.670 202.670 4,730.95 28,900.64 5,090.75 7,093.45 40,534.00 5,066.75 2,362.50 11,633.36 (24.00) LT LT LT 2/16/16 35.000 160.030 202.670 5,601.05 7,093.45 1,492.40 LT Total 295.000 44,323.39 59,787.65 15,464.26 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 41.530 41.530 41.530 6,886.47 24,581.70 1,932.39 4,443.71 13,289.60 2,284.15 (2,442.76) (11,292.10) 351.76 LT LT LT 9/19/16 34.000 39.319 41.530 1,336.86 1,412.02 75.16 ST 9/20/16 45.000 38.844 41.530 1,747.98 1,868.85 120.87 ST 10/4/16 26.000 40.075 41.530 1,041.95 1,079.78 37.83 ST 10/7/16 30.000 40.341 41.530 1,210.22 1,245.90 35.68 ST 10/11/16 24.000 40.982 41.530 983.57 996.72 13.15 ST 10/12/16 141.000 42.658 41.530 6,014.76 5,855.73 (159.03)ST 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 102 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 782.000 45,735.90 32,476.46 (13,383.10) 123.66 LT ST —— Asset Class: Equities 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 53.620 53.620 53.620 4,108.49 3,198.30 4,980.53 8,364.72 6,434.40 9,812.46 4,256.23 3,236.10 4,831.93 LT LT LT 12/16/15 166.000 28.085 53.620 4,662.09 8,900.92 4,238.83 LT 2/16/16 85.000 21.617 53.620 1,837.45 4,557.70 2,720.25 LT Total 710.000 18,786.86 38,070.20 19,283.34 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 39.300 39.300 39.300 8,368.86 1,199.43 2,198.57 5,895.00 786.00 1,454.10 (2,473.86) (413.43) (744.47) LT LT LT 7/27/15 25.000 58.101 39.300 1,452.53 982.50 (470.03)LT 7/30/15 12.000 57.998 39.300 695.97 471.60 (224.37)LT 7/31/15 31.000 57.850 39.300 1,793.35 1,218.30 (575.05)LT 8/5/15 15.000 58.575 39.300 878.63 589.50 (289.13)LT 2/16/16 40.000 30.967 39.300 1,238.67 1,572.00 333.33 LT 6/24/16 260.000 33.800 39.300 8,788.00 10,218.00 1,430.00 ST Total 590.000 26,614.01 23,187.00 (4,857.01) 1,430.00 LT ST —— Asset Class: Equities VERISK ANALYTICS INC COM (VRSK) 11/10/15 2/16/16 4/27/17 360.000 45.000 140.000 70.890 68.167 83.174 82.810 82.810 82.810 25,520.40 3,067.52 11,644.39 29,811.60 3,726.45 11,593.40 4,291.20 658.93 (50.99) LT LT ST Total 545.000 40,232.31 45,131.45 4,950.13 (50.99) LT ST —— Asset Class: Equities WABCO HLDGS INC (WBC) 10/18/16 10/19/16 10/20/16 95.000 25.000 65.000 107.013 105.956 100.922 118.870 118.870 118.870 10,166.21 2,648.90 6,559.92 11,292.65 2,971.75 7,726.55 1,126.44 322.85 1,166.63 ST ST ST Total 185.000 19,375.03 21,990.95 2,615.92 ST —— Asset Class: Equities WAGEWORKS INC COM (WAGE) 4/27/17 293.000 74.853 73.800 21,931.84 21,623.40 (308.44)ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 103 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % WEST PHARMACEUTICAL SVCS INC (WST) 4/27/17 257.000 92.066 92.030 23,660.94 23,651.71 (9.23)ST 134.00 0.56 Next Dividend Payable 05/03/17; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.68%$1,277,721.65 $1,461,656.59 $174,552.52 $9,382.42 LT ST $7,169.00 0.49% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,277,721.65 $1,496,413.73 $174,552.52 $9,382.42 LT ST $7,173.00 $0.00 0.48% TOTAL VALUE (includes accrued interest)100.00%$1,496,413.73 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 $34,757.14 —————— Stocks —$1,461,656.59 ————— TOTAL ALLOCATION OF ASSETS $34,757.14 $1,461,656.59 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/25 4/18 Security Sold HEICO CORP NEW CASH IN LIEU FRACTIONAL SHARE $52.82 4/27 5/2 Sold ZELTIQ AESTHETICS INC COM ACTED AS AGENT 455.000 $56.4850 25,700.11 4/27 5/2 Sold COGNEX CORP ACTED AS AGENT 177.000 85.4528 15,124.82 4/27 5/2 Sold NEOGEN CP ACTED AS AGENT 126.000 63.7904 8,037.41 4/27 5/2 Bought WEST PHARMACEUTICAL SVCS INC ACTED AS AGENT 257.000 92.0659 (23,660.94) 4/27 5/2 Bought WAGEWORKS INC COM ACTED AS AGENT 293.000 74.8527 (21,931.84) 4/27 5/2 Bought VERISK ANALYTICS INC COM ACTED AS AGENT 140.000 83.1742 (11,644.39) 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 104 of 118 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/28 5/3 Sold NEOGEN CP ACTED AS AGENT 66.000 62.7581 4,141.93 TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(4,180.08) TOTAL PURCHASES $(57,237.17) TOTAL SALES AND REDEMPTIONS $53,057.09 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) 4/27 5/2 Sold COGNEX CORP UNSETTLED SALE 177.000 $85.4528 $15,124.82 4/27 5/2 Sold NEOGEN CP UNSETTLED SALE 126.000 63.7904 8,037.41 4/27 5/2 Sold ZELTIQ AESTHETICS INC COM UNSETTLED SALE 455.000 56.4850 25,700.11 4/27 5/2 Bought VERISK ANALYTICS INC COM UNSETTLED PURCHASE 140.000 83.1742 (11,644.39) 4/27 5/2 Bought WAGEWORKS INC COM UNSETTLED PURCHASE 293.000 74.8527 (21,931.84) 4/27 5/2 Bought WEST PHARMACEUTICAL SVCS INC UNSETTLED PURCHASE 257.000 92.0659 (23,660.94) 4/28 5/3 Sold NEOGEN CP UNSETTLED SALE 66.000 62.7581 4,141.93 NET UNSETTLED PURCHASES/SALES $(4,232.90) 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) 4/5 Qualified Dividend FINANCIAL ENGINES $34.44 4/7 Qualified Dividend INTL FLAVORS & FRAGRANCES 105.60 4/19 Qualified Dividend GENTEX CORP 91.89 4/28 Qualified Dividend PATTERSON COMPANIES INC 124.80 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 0.34 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $357.07 TOTAL QUALIFIED DIVIDENDS $356.73 TOTAL INTEREST $0.34 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(2,388.69) TOTAL OTHER CREDITS AND DEBITS $(2,388.69) TOTAL OTHER DEBITS $(2,388.69) Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 105 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/5 Automatic Investment BANK DEPOSIT PROGRAM $34.44 4/7 Automatic Investment BANK DEPOSIT PROGRAM 105.60 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (2,388.69) 4/19 Automatic Investment BANK DEPOSIT PROGRAM 91.89 4/26 Automatic Investment BANK DEPOSIT PROGRAM 52.82 4/28 Automatic Investment BANK DEPOSIT PROGRAM 124.80 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.34 NET ACTIVITY FOR PERIOD $(1,978.80) TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 4/24 Stock Dividend HEICO CORP NEW 118.000 REALIZED GAIN/(LOSS) DETAIL LONG-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments COGNEX CORP 11/10/15 04/27/17 177.000 $15,124.82 $6,357.75 $8,767.07 NEOGEN CP 10/17/14 04/27/17 126.000 8,037.41 5,147.10 2,890.31 10/17/14 04/28/17 13.000 815.83 531.05 284.78 01/12/15 04/28/17 53.000 3,326.10 2,558.84 767.26 Long-Term This Period $27,304.16 $14,594.74 $12,709.42 Long-Term Year to Date $77,626.99 $60,404.12 $17,222.87 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments HEICO CORP NEW 07/12/16 04/18/17 0.750 52.82 39.84 12.98 ZELTIQ AESTHETICS INC COM 06/24/16 04/27/17 129.000 7,286.40 3,427.10 3,859.30 06/27/16 04/27/17 83.000 4,688.15 2,143.91 2,544.24 07/11/16 04/27/17 67.000 3,784.41 2,002.55 1,781.86 07/13/16 04/27/17 93.000 5,252.99 2,911.50 2,341.49 07/14/16 04/27/17 83.000 4,688.16 2,669.80 2,018.36 Short-Term This Period $25,752.93 $13,194.70 $12,558.23 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 106 of 118 SHORT-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments Short-Term Year to Date $25,752.93 $13,194.70 $12,558.23 Net Realized Gain/(Loss) This Period $53,057.09 $27,789.44 $25,267.65 Net Realized Gain/(Loss) Year to Date $103,379.92 $73,598.82 $29,781.10 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 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. 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 (4/1/17-4/30/17) This Year (1/1/17-4/30/17) TOTAL BEGINNING VALUE $972,405.37 $842,833.69 Credits —— Debits (1,260.67)(2,567.61) Security Transfers —— Net Credits/Debits/Transfers $(1,260.67)$(2,567.61) Change in Value 25,179.89 156,058.51 TOTAL ENDING VALUE $996,324.59 $996,324.59 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period April 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 0.3 0.7 1.1 1.5 1.9 2.3 ($ ) 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 107 of 118 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $17,611.06 1.77 Equities 978,713.53 98.23 TOTAL VALUE $996,324.59 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 1 8 7 5 M S A D T 2 5 2 Account Summary CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 108 of 118 BALANCE SHEET (^ includes accrued interest) Last Period (as of 3/31/17) This Period (as of 4/30/17) Cash, BDP, MMFs $40,287.27 $12,160.37 Stocks 936,578.00 978,713.53 Net Unsettled Purchases/Sales (4,459.90)5,450.69 Total Assets $972,405.37 $996,324.59 Total Liabilities (outstanding balance)—— TOTAL VALUE $972,405.37 $996,324.59 CASH FLOW This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) OPENING CASH, BDP, MMFs $40,287.27 $4,698.79 Purchases (40,811.97)(132,244.75) Sales and Redemptions 23,643.40 140,020.63 Prior Net Unsettled Purch/Sales (4,459.90)N/A 2016 Net Unsettled Purch/Sales N/A 6,622.46 Net Unsettled Purch/Sales (5,450.69)(5,450.69) Income and Distributions 212.93 1,081.54 Total Investment Related Activity $(26,866.23)$10,029.19 Other Debits (1,260.67)(2,567.61) Total Cash Related Activity $(1,260.67)$(2,567.61) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $12,160.37 $12,160.37 INCOME AND DISTRIBUTION SUMMARY This Period (4/1/17-4/30/17) This Year (1/1/17-4/30/17) Qualified Dividends $212.73 $1,080.85 Interest 0.20 0.69 Total Taxable Income And Distributions $212.93 $1,081.54 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $212.93 $1,081.54 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 (4/1/17-4/30/17) Realized This Year (1/1/17-4/30/17) Unrealized Inception to Date (as of 4/30/17) Short-Term Gain —$1,808.78 $37,325.12 Short-Term (Loss)(3,631.12)(3,631.12)(10,126.57) Total Short-Term $(3,631.12)$(1,822.34)$27,198.55 Long-Term Gain 2,757.52 23,044.48 131,038.76 Long-Term (Loss)(732.73)(1,774.32)(26,893.32) Total Long-Term $2,024.79 $21,270.16 $104,145.44 TOTAL GAIN/(LOSS)$(1,606.33)$19,447.82 $131,343.99 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 April 1-30, 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 109 of 118 † 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 #$12,160.37 —$1.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $12,160.37 $1.00 NET UNSETTLED PURCHASES/SALES $5,450.69 CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)1.77%$17,611.06 # 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 $52.250 52.250 $22,018.48 3,741.04 $29,625.75 4,493.50 $7,607.27 752.46 ST ST Total 653.000 25,759.52 34,119.25 8,359.73 ST 196.00 0.57 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 110 of 118 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 21.000 209.685 191.398 200.784 176.100 176.100 176.100 10,274.59 3,636.57 4,216.47 8,628.90 3,345.90 3,698.10 (1,645.69) (290.67) (518.37) LT LT ST 3/21/17 11.000 206.038 176.100 2,266.42 1,937.10 (329.32)ST Total 100.000 20,394.05 17,610.00 (1,936.36) (847.69) LT ST 52.00 0.29 Next Dividend Payable 05/01/17; Asset Class: Equities ADOBE SYSTEMS (ADBE) 9/8/15 2/17/16 215.000 22.000 78.832 80.362 133.740 133.740 16,948.82 1,767.96 28,754.10 2,942.28 11,805.28 1,174.32 LT LT Total 237.000 18,716.78 31,696.38 12,979.60 LT —— Asset Class: Equities ALEXION PHARM INC (ALXN) 5/6/15 6/12/15 9/24/15 33.000 98.000 47.000 152.351 172.310 155.894 127.780 127.780 127.780 5,027.59 16,886.37 7,327.01 4,216.74 12,522.44 6,005.66 (810.85) (4,363.93) (1,321.35) LT LT LT 9/30/15 5.000 153.342 127.780 766.71 638.90 (127.81)LT 2/17/16 28.000 145.470 127.780 4,073.17 3,577.84 (495.33)LT 4/3/17 4.000 119.583 127.780 478.33 511.12 32.79 ST Total 215.000 34,559.18 27,472.70 (7,119.27) 32.79 LT ST —— 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 66.600 115.500 115.500 115.500 752.61 2,118.41 4,928.40 1,270.50 2,887.50 8,547.00 517.89 769.09 3,618.60 LT LT LT 2/19/16 241.000 67.274 115.500 16,213.15 27,835.50 11,622.35 LT Total 351.000 24,012.57 40,540.50 16,527.93 LT —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 2/17/16 4/4/16 16.000 11.000 19.000 497.298 528.230 592.554 924.990 924.990 924.990 7,956.77 5,810.53 11,258.52 14,799.84 10,174.89 17,574.81 6,843.07 4,364.36 6,316.29 LT LT LT 4/6/17 2.000 903.855 924.990 1,807.71 1,849.98 42.27 ST Total 48.000 26,833.53 44,399.52 17,523.72 42.27 LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 111 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BRISTOL MYERS SQUIBB CO (BMY) 3/4/15 3/4/15 3/12/15 279.000 30.000 89.000 65.449 68.409 66.500 56.050 56.050 56.050 18,260.25 2,052.26 5,918.54 15,637.95 1,681.50 4,988.45 (2,622.30) (370.76) (930.09) LT LT LT H 9/30/15 104.000 59.285 56.050 6,165.69 5,829.20 (336.49)LT 8/9/16 45.000 61.938 56.050 2,787.22 2,522.25 (264.97)ST 8/15/16 64.000 60.549 56.050 3,875.14 3,587.20 (287.94)ST 9/7/16 66.000 56.806 56.050 3,749.22 3,699.30 (49.92)ST 4/3/17 7.000 54.173 56.050 379.21 392.35 13.14 ST Total 684.000 43,187.53 38,338.20 (4,259.64) (589.69) LT ST 1,067.00 2.78 Next Dividend Payable 05/01/17; 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 57.000 117.677 116.533 105.400 124.050 124.050 124.050 6,236.87 17,479.97 6,007.79 6,574.65 18,607.50 7,070.85 337.78 1,127.53 1,063.06 LT LT LT 11/11/16 30.000 119.493 124.050 3,584.78 3,721.50 136.72 ST 4/3/17 4.000 124.573 124.050 498.29 496.20 (2.09)ST Total 294.000 33,807.70 36,470.70 2,528.37 134.63 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 38.850 38.850 38.850 8,547.07 3,159.93 4,629.80 11,965.80 4,739.70 6,837.60 3,418.73 1,579.77 2,207.80 ST ST ST H 3/30/17 109.000 40.917 38.850 4,459.90 4,234.65 (225.25)ST Total 715.000 20,796.70 27,777.75 6,981.05 ST 229.00 0.82 Next Dividend Payable 05/2017; Basis Adjustment Due to Wash Sale: $569.53; Asset Class: Equities COGNEX CORP (CGNX) 4/6/17 114.000 84.746 85.340 9,661.06 9,728.76 67.70 ST 34.00 0.34 Next Dividend Payable 06/2017; Asset Class: Equities COSTCO WHOLESALE CORP NEW (COST) 11/11/16 3/6/17 3/17/17 119.000 18.000 15.000 148.564 166.708 167.945 177.520 177.520 177.520 17,679.16 3,000.75 2,519.18 21,124.88 3,195.36 2,662.80 3,445.72 194.61 143.62 ST ST ST 4/3/17 1.000 166.630 177.520 166.63 177.52 10.89 ST Total 153.000 23,365.72 27,160.56 3,794.84 ST 306.00 1.12 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 77.960 77.960 77.960 11,440.73 3,139.99 3,817.15 10,680.52 3,975.96 4,521.68 (760.21) 835.97 704.53 LT LT ST 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 112 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 4/3/17 1.000 83.240 77.960 83.24 77.96 (5.28)ST Total 247.000 18,481.11 19,256.12 75.76 699.25 LT ST —— Asset Class: Equities DOMINOS PIZZA INC (DPZ) 2/23/17 3/21/17 104.000 15.000 184.263 184.937 181.390 181.390 19,163.35 2,774.05 18,864.56 2,720.85 (298.79) (53.20) ST ST Total 119.000 21,937.40 21,585.41 (351.99)ST 219.00 1.01 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 95.691 109.670 109.670 109.670 1,368.12 18,069.16 3,253.51 1,754.72 18,534.23 3,728.78 386.60 465.07 475.27 LT LT ST 11/11/16 17.000 91.676 109.670 1,558.49 1,864.39 305.90 ST 3/2/17 55.000 93.403 109.670 5,137.17 6,031.85 894.68 ST 4/3/17 1.000 94.380 109.670 94.38 109.67 15.29 ST Total 292.000 29,480.83 32,023.64 851.67 1,691.14 LT ST —— Asset Class: Equities FACEBOOK INC CL-A (FB) 8/31/15 279.000 90.658 150.250 25,293.53 41,919.75 16,626.22 LT —— Asset Class: Equities ILLUMINA INC (ILMN) 9/4/15 1/4/16 2/17/16 100.000 34.000 47.000 193.160 182.651 153.700 184.860 184.860 184.860 19,316.00 6,210.12 7,223.90 18,486.00 6,285.24 8,688.42 (830.00) 75.12 1,464.52 LT LT LT 11/11/16 15.000 139.419 184.860 2,091.28 2,772.90 681.62 ST 4/3/17 1.000 170.280 184.860 170.28 184.86 14.58 ST Total 197.000 35,011.58 36,417.42 709.64 696.20 LT ST —— Asset Class: Equities INTERCEPT PHARMACEUTICALS INC (ICPT) 6/19/15 8/26/15 12/21/15 59.000 1.000 32.000 256.817 173.500 162.030 112.350 112.350 112.350 15,152.19 173.50 5,184.98 6,628.65 112.35 3,595.20 (8,523.54) (61.15) (1,589.78) LT LT LT H H 2/17/16 38.000 121.380 112.350 4,612.44 4,269.30 (343.14)LT 6/3/16 52.000 171.365 112.350 8,910.99 5,842.20 (3,068.79)ST 11/11/16 27.000 110.272 112.350 2,977.35 3,033.45 56.10 ST 4/3/17 3.000 113.173 112.350 339.52 337.05 (2.47)ST Total 212.000 37,350.97 23,818.20 (10,517.61) (3,015.16) LT ST —— Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 113 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 60.200 60.200 60.200 8,344.96 5,570.44 4,572.55 10,655.40 6,923.00 5,719.00 2,310.44 1,352.56 1,146.45 LT LT ST 3/20/17 80.000 61.314 60.200 4,905.10 4,816.00 (89.10)ST Total 467.000 23,393.05 28,113.40 3,663.00 1,057.35 LT ST 374.00 1.33 Next Dividend Payable 06/2017; Asset Class: Equities MERCADOLIBRE INC (MELI) 9/3/15 2/17/16 28.000 59.000 112.215 97.848 228.910 228.910 3,142.03 5,773.06 6,409.48 13,505.69 3,267.45 7,732.63 LT LT Total 87.000 8,915.09 19,915.17 11,000.08 LT 52.00 0.26 Next Dividend Payable 07/2017; Asset Class: Equities 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 45.380 45.380 45.380 9,151.19 6,535.91 10,410.86 9,393.66 7,079.28 10,755.06 242.47 543.37 344.20 LT LT LT 4/3/17 1.000 45.620 45.380 45.62 45.38 (0.24)ST Total 601.000 26,143.58 27,273.38 1,130.04 (0.24) LT ST —— 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 55.410 55.410 55.410 4,016.45 6,246.79 10,415.55 4,599.03 6,039.69 9,641.34 582.58 (207.10) (774.21) LT LT LT 5/23/16 229.000 56.358 55.410 12,905.87 12,688.89 (216.98)ST 9/28/16 66.000 53.542 55.410 3,533.76 3,657.06 123.30 ST 4/3/17 4.000 55.435 55.410 221.74 221.64 (0.10)ST Total 665.000 37,340.16 36,847.65 (398.73) (93.78) LT ST 479.00 1.29 Next Dividend Payable 07/2017; Asset Class: Equities NVIDIA CORPORATION (NVDA) 12/1/16 12/28/16 1/26/17 26.000 67.000 72.000 89.363 109.862 108.762 104.300 104.300 104.300 2,323.44 7,360.75 7,830.88 2,711.80 6,988.10 7,509.60 388.36 (372.65) (321.28) ST ST ST 2/24/17 49.000 98.826 104.300 4,842.48 5,110.70 268.22 ST 3/17/17 45.000 104.826 104.300 4,717.16 4,693.50 (23.66)ST 4/12/17 29.000 98.367 104.300 2,852.63 3,024.70 172.07 ST Total 288.000 29,927.34 30,038.40 111.06 ST 161.00 0.53 Next Dividend Payable 06/2017; Asset Class: Equities 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 114 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PIONEER NATURAL RESOURCES CO (PXD) 4/10/17 101.000 192.255 172.990 19,417.77 17,471.99 (1,945.78)ST 8.00 0.04 Next Dividend Payable 10/2017; 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 1,846.820 1,846.820 22,141.50 2,461.72 36,936.40 3,693.64 14,794.90 1,231.92 LT LT Total 22.000 24,603.22 40,630.04 16,026.82 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 86.120 86.120 86.120 16,165.71 6,369.06 4,127.89 22,046.72 7,492.44 4,994.96 5,881.01 1,123.38 867.07 LT ST ST Total 401.000 26,662.66 34,534.12 5,881.01 1,990.45 LT ST —— Asset Class: Equities SERVICENOW INC (NOW) 2/17/16 2/19/16 6/8/16 78.000 87.000 183.000 54.230 54.741 77.332 94.480 94.480 94.480 4,229.94 4,762.48 14,151.68 7,369.44 8,219.76 17,289.84 3,139.50 3,457.28 3,138.16 LT LT ST Total 348.000 23,144.10 32,879.04 6,596.78 3,138.16 LT ST —— Asset Class: Equities SHIRE PLC ADR (SHPG) 9/6/16 9/21/16 4/3/17 72.000 28.000 2.000 194.309 204.636 173.815 176.960 176.960 176.960 13,990.24 5,729.82 347.63 12,741.12 4,954.88 353.92 (1,249.12) (774.94) 6.29 ST ST ST Total 102.000 20,067.69 18,049.92 (2,017.77)ST 93.00 0.51 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 64.310 64.310 64.310 10,857.22 11,341.31 4,940.15 11,189.94 12,283.21 9,324.95 332.72 941.90 4,384.80 LT LT LT Total 510.000 27,138.68 32,798.10 5,659.42 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 60.060 60.060 60.060 17,859.18 7,250.29 4,538.87 18,918.90 7,507.50 4,864.86 1,059.72 257.21 325.99 ST ST ST 10/11/16 95.000 52.862 60.060 5,021.85 5,705.70 683.85 ST Total 616.000 34,670.19 36,996.96 2,326.77 ST 616.00 1.66 Next Dividend Payable 05/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 115 of 118 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ULTA BEAUTY INC (ULTA) 11/23/16 1/31/17 4/4/17 37.000 24.000 15.000 262.418 268.025 283.195 281.440 281.440 281.440 9,709.48 6,432.60 4,247.93 10,413.28 6,754.56 4,221.60 703.80 321.96 (26.33) ST ST ST Total 76.000 20,390.01 21,389.44 999.43 ST —— Asset Class: Equities UNITEDHEALTH GP INC (UNH) 3/20/17 3/22/17 57.000 57.000 169.058 167.210 174.880 174.880 9,636.29 9,530.98 9,968.16 9,968.16 331.87 437.18 ST ST Total 114.000 19,167.27 19,936.32 769.05 ST 285.00 1.42 Next Dividend Payable 06/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 3/12/15 8/26/15 9/24/15 78.000 23.000 66.000 123.046 123.464 109.640 118.300 118.300 118.300 9,597.55 2,839.67 7,236.25 9,227.40 2,720.90 7,807.80 (370.15) (118.77) 571.55 LT LT LT 9/29/15 5.000 100.484 118.300 502.42 591.50 89.08 LT 2/17/16 70.000 86.611 118.300 6,062.78 8,281.00 2,218.22 LT 2/19/16 33.000 87.377 118.300 2,883.45 3,903.90 1,020.45 LT 5/4/16 85.000 81.020 118.300 6,886.72 10,055.50 3,168.78 ST Total 360.000 36,008.84 42,588.00 3,410.38 3,168.78 LT ST —— Asset Class: Equities VISA INC CL A (V) 6/26/15 317.000 68.549 91.220 21,730.13 28,916.74 7,186.61 LT 209.00 0.72 Next Dividend Payable 06/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 98.23%$847,369.54 $978,713.53 $104,145.44 $27,198.55 LT ST $4,380.00 0.45% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $847,369.54 $996,324.59 $104,145.44 $27,198.55 LT ST $4,381.00 $0.00 0.44% 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 116 of 118 TOTAL VALUE (includes accrued interest)100.00%$996,324.59 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 $17,611.06 —————— Stocks —$978,713.53 ————— TOTAL ALLOCATION OF ASSETS $17,611.06 $978,713.53 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 4/3 4/6 Sold PALO ALTO NETWORKS INC ACTED AS AGENT 164.000 $110.9336 $18,192.71 4/3 4/6 Bought CELGENE CORP ACTED AS AGENT 4.000 124.5718 (498.29) 4/3 4/6 Bought ALEXION PHARM INC ACTED AS AGENT 4.000 119.5835 (478.33) 4/3 4/6 Bought BRISTOL MYERS SQUIBB CO ACTED AS AGENT 7.000 54.1729 (379.21) 4/3 4/6 Bought SHIRE PLC ADR ACTED AS AGENT 2.000 173.8158 (347.63) 4/3 4/6 Bought INTERCEPT PHARMACEUTICALS INC ACTED AS AGENT 3.000 113.1740 (339.52) 4/3 4/6 Bought NIKE INC B ACTED AS AGENT 4.000 55.4350 (221.74) 4/3 4/6 Bought ILLUMINA INC ACTED AS AGENT 1.000 170.2751 (170.28) 4/3 4/6 Bought COSTCO WHOLESALE CORP NEW ACTED AS AGENT 1.000 166.6302 (166.63) 4/3 4/6 Bought EDWARD LIFESCIENCES CORP ACTED AS AGENT 1.000 94.3763 (94.38) 4/3 4/6 Bought DEXCOM INC ACTED AS AGENT 1.000 83.2390 (83.24) 4/3 4/6 Bought MONSTER BEVERAGE CORP NEW COM ACTED AS AGENT 1.000 45.6168 (45.62) 4/4 4/7 Bought ULTA BEAUTY INC ACTED AS AGENT 15.000 283.1955 (4,247.93) 4/6 4/11 Bought COGNEX CORP ACTED AS AGENT 114.000 84.7461 (9,661.06) 4/6 4/11 Bought AMAZON COM INC ACTED AS AGENT 2.000 903.8561 (1,807.71) 4/10 4/13 Bought PIONEER NATURAL RESOURCES CO ACTED AS AGENT 101.000 192.2551 (19,417.77) 4/12 4/18 Bought NVIDIA CORPORATION ACTED AS AGENT 29.000 98.3664 (2,852.63) 4/26 5/1 Sold MERCADOLIBRE INC ACTED AS AGENT 24.000 227.1171 5,450.69 TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(17,168.57) TOTAL PURCHASES $(40,811.97) Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 117 of 118 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) TOTAL SALES AND REDEMPTIONS $23,643.40 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) 4/26 5/1 Sold MERCADOLIBRE INC UNSETTLED SALE 24.000 $227.1171 $5,450.69 NET UNSETTLED PURCHASES/SALES $5,450.69 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) 4/3 Qualified Dividend NIKE INC B $118.98 4/17 Qualified Dividend MERCADOLIBRE INC 16.65 4/25 Qualified Dividend SHIRE PLC ADR 77.10 4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 04/01-04/30) 0.20 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $212.93 TOTAL QUALIFIED DIVIDENDS $212.73 TOTAL INTEREST $0.20 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 4/17 Service Fee 2ND QTR ADVISORY FEE $(1,260.67) TOTAL OTHER CREDITS AND DEBITS $(1,260.67) TOTAL OTHER DEBITS $(1,260.67) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 4/3 Automatic Investment BANK DEPOSIT PROGRAM $118.98 4/4 Automatic Redemption BANK DEPOSIT PROGRAM (4,459.90) 4/7 Automatic Investment BANK DEPOSIT PROGRAM 11,119.91 4/11 Automatic Redemption BANK DEPOSIT PROGRAM (11,468.77) 4/13 Automatic Redemption BANK DEPOSIT PROGRAM (19,417.77) 4/17 Automatic Investment BANK DEPOSIT PROGRAM 16.65 4/18 Automatic Redemption BANK DEPOSIT PROGRAM (4,113.30) 4/25 Automatic Investment BANK DEPOSIT PROGRAM 77.10 00 1 8 7 5 M S A D T 2 5 2 Account Detail CLIENT STATEMENT For the Period April 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 118 of 118 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 4/28 Automatic Investment BANK DEPOSIT PROGRAM 0.20 NET ACTIVITY FOR PERIOD $(28,126.90) 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 MERCADOLIBRE INC 09/03/15 04/26/17 24.000 $5,450.69 $2,693.17 $2,757.52 PALO ALTO NETWORKS INC 02/17/16 04/03/17 38.000 4,215.38 4,948.11 (732.73) Long-Term This Period $9,666.07 $7,641.28 $2,024.79 Long-Term Year to Date $92,365.92 $71,095.76 $21,270.16 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments PALO ALTO NETWORKS INC 06/03/16 04/03/17 126.000 13,977.33 17,608.45 (3,631.12) Short-Term This Period $13,977.33 $17,608.45 $(3,631.12) Short-Term Year to Date $47,654.71 $49,477.05 $(1,822.34) Net Realized Gain/(Loss) This Period $23,643.40 $25,249.73 $(1,606.33) Net Realized Gain/(Loss) Year to Date $140,020.63 $120,572.81 $19,447.82 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 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. 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.