Loading...
08 - May 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 5/31/17)$17,475,907.01 Includes Accrued Interest CLIENT STATEMENT For the Period May 1-31, 2017 660 - 110179 - 095 -1 - 0 STATEMENT PACKAGE FOR: CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Morgan Stanley Smith Barney LLC. Member SIPC. Access Your Account s Online: www.morganstanley.com/online Your Financial Advisor Team BAGWELL/BRIDGES/TAYLOR 407-849-4700 Your Branch 201 E. PINE ST 11TH FL ORLANDO, FL 32801 Telephone:407-849-4700 ; Alt. Phone:800-869-0007 ; Fax:407-849-4797 Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326 000147 MSADS271 000000 #BWNJGWM CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM C/O RUSSELL CAFFEY 800 SEMINOLE ROAD ATLANTIC BCH FL 32233-5444 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 1 Consolidated Summary CLIENT STATEMENT For the Period May 1-31, 2017 This summary may include assets held in either brokerage and/or advisory accounts. Visit http://www.morganstanley.com/ourcommitment to understand the differences between brokerage and advisory accounts. Refer to individual Account Gain/(Loss) Summary and Expanded Disclosures for additional information. Accounts with no balances, holdings or activity year-to-date are not displayed on this page. >: Wash sale rules apply to some portion of this total.CONTINUED Page 2 of 126 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 (5/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (5/31/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page TOTAL FOR ALL ACCOUNTS $17,278,128 $(113)—$197,891 $17,475,907 $28,286 $108,803 $(15,958) $63,614 $246,925 $1,249,542 Business Accounts CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-110179-095 923,066 (432,000)—5 491,072 5 35 — — — — 7 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Sage Advisory - Intermediate Taxab 660-035174-095 Invest Advisory 4,370,969 ——24,373 4,395,343 11,970 43,682 (37,790) 2,843 10,594 6,613 > > 11 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-035178-095 Invest Advisory 4,517,171 431,893 —56,991 5,006,056 9,352 20,580 — — 28,161 418,092 25 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Pioneer Invest Fundamental Growth Nickname: Pioneer 660-035191-095 Invest Advisory 1,013,274 ——21,640 1,034,914 1,064 5,432 1,373 262 96,846 27,092 33 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM JP Morgan - Equity Income SMA 660-110029-095 Invest Advisory 2,409,759 ——18,532 2,428,291 2,853 23,393 994 5,200 30,970 277,091 45 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Boston Partners - Smid Cap Value 660-110134-095 Invest Advisory 1,551,148 ——(13,196)1,537,952 847 10,171 6,548 23,164 15,962 178,239 > 67 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Riverbridge Partners - SMID Growth 660-110145-095 Invest Advisory 1,496,413 ——59,963 1,556,377 358 2,591 12,558 (985) 20,911 240,837 95 Consolidated Summary CLIENT STATEMENT For the Period May 1-31, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 3 of 126 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 (5/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (5/31/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Columbia Mgmt - Select LC Grwth 660-110222-095 Invest Advisory 996,324 (7)—29,582 1,025,900 1,834 2,916 356 33,129 43,478 101,575 > > 113 Total Business Accounts $17,278,128 $(113)—$197,891 $17,475,907 $28,286 $108,803 $(15,958) $63,614 $246,925 $1,249,542 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 2 Consolidated Summary CLIENT STATEMENT For the Period May 1-31, 2017 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. Page 4 of 126 MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 14 15 16 17 18 19 ($ ) M i l l i o n s 2016 2017 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $17,278,128.82 $16,453,513.18 Credits 432,000.00 432,000.00 Debits (432,113.54)(467,496.19) Security Transfers —— Net Credits/Debits/Transfers $(113.54)$(35,496.19) Change in Value 197,891.73 1,057,890.02 TOTAL ENDING VALUE $17,475,907.01 $17,475,907.01 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 $794,266.80 4.54 Equities 11,319,950.90 64.77 Fixed Income & Preferreds 4,351,104.70 24.90 Alternatives 1,010,584.61 5.78 TOTAL VALUE $17,475,907.01 100.00 % 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 May 1-31, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 5 of 126 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $1,349,986.59 $1,271,031.47 Purchases (1,231,456.96)(4,170,162.37) Dividend Reinvestments (9,351.12)(9,351.12) Sales and Redemptions 655,213.11 3,618,702.05 Prior Net Unsettled Purch/Sales (254.87)N/A 2016 Net Unsettled Purch/Sales N/A 4,599.04 Net Unsettled Purch/Sales (34,169.87)(34,169.87) Return of Principal 1,957.34 6,139.94 Income and Distributions 28,286.25 108,803.98 Total Investment Related Activity $(589,776.12)$(475,438.35) Electronic Transfers-Credits 432,000.00 432,000.00 Electronic Transfers-Debits (432,000.00)(432,000.00) Other Debits (113.54)(35,496.19) Total Cash Related Activity $(113.54)$(35,496.19) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $760,096.93 $760,096.93 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $1,349,986.59 $760,096.93 Stocks 7,313,518.53 7,389,203.58 ETFs & CEFs 2,746,946.30 3,017,123.55 Corporate Fixed Income ^2,358,603.04 2,463,572.68 Government Securities^1,794,726.64 1,878,840.72 Mutual Funds 1,714,602.59 1,932,899.68 Net Unsettled Purchases/Sales (254.87)34,169.87 Total Assets $17,278,128.82 $17,475,907.01 Total Liabilities (outstanding balance)—— TOTAL VALUE $17,278,128.82 $17,475,907.01 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 3 Standard Disclosures CLIENT STATEMENT For the Period May 1-31, 2017 Page 6 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $923,066.71 $923,036.35 Credits —— Debits (432,000.00)(432,000.00) Security Transfers —— Net Credits/Debits/Transfers $(432,000.00)$(432,000.00) Change in Value 5.48 35.84 TOTAL ENDING VALUE $491,072.19 $491,072.19 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 0 300 600 900 1,200 1,500 ($ ) 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 7 of 126 ASSET ALLOCATION (includes accrued interest) Cash Market Value Percentage Cash $491,072.19 100.00 TOTAL VALUE $491,072.19 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement.00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 4 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 8 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $923,066.71 $491,072.19 Total Assets $923,066.71 $491,072.19 Total Liabilities (outstanding balance)—— TOTAL VALUE $923,066.71 $491,072.19 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $923,066.71 $923,036.35 Income and Distributions 5.48 35.84 Total Investment Related Activity $5.48 $35.84 Electronic Transfers-Debits (432,000.00)(432,000.00) Total Cash Related Activity $(432,000.00)$(432,000.00) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $491,072.19 $491,072.19 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Interest $5.48 $35.84 Total Taxable Income And Distributions $5.48 $35.84 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $5.48 $35.84 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) TOTAL GAIN/(LOSS)——— The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Active Assets Account 660-110179-095 Investment Objectives †: Capital Appreciation,Income Brokerage Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 9 of 126 † 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. #$246,070.10 —$25.00 0.010 MORGAN STANLEY PRIVATE BANK NA #245,002.09 —25.00 0.010 BANK DEPOSITS $491,072.19 $50.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 100.00%$491,072.19 $50.00 # 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 $491,072.19 $50.00 $0.00 0.01% TOTAL VALUE (includes accrued interest)100.00%$491,072.19 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 10 of 126 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $491,072.19 —————— TOTAL ALLOCATION OF ASSETS $491,072.19 —————— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 5/31 Interest Income MORGAN STANLEY BANK N.A. (Period 05/01-05/31) $3.39 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/01-05/31) 2.09 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $5.48 TOTAL INTEREST $5.48 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 5/12 Cash Transfer - Debit FUNDS TRANSFERRED CONFIRMATION # 70603381 TO 660-035178 $(432,000.00) TOTAL ELECTRONIC TRANSFERS $(432,000.00) TOTAL ELECTRONIC TRANSFERS-DEBITS $(432,000.00) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/12 Automatic Redemption BANK DEPOSIT PROGRAM $(432,000.00) 5/31 Automatic Investment BANK DEPOSIT PROGRAM 3.39 5/31 Automatic Investment BANK DEPOSIT PROGRAM 2.09 NET ACTIVITY FOR PERIOD $(431,994.52) 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $4,370,969.74 $4,326,962.48 Credits —— Debits —(10,425.63) Security Transfers —— Net Credits/Debits/Transfers —$(10,425.63) Change in Value 24,373.36 78,806.25 TOTAL ENDING VALUE $4,395,343.10 $4,395,343.10 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 4.1 4.2 4.3 4.4 4.5 4.6 ($ ) 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 126 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $52,929.70 1.20 Fixed Income & Preferreds 4,342,413.40 98.80 TOTAL VALUE $4,395,343.10 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 6 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 12 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $217,640.06 $52,929.70 Corporate Fixed Income^2,358,603.04 2,463,572.68 Government Securities^1,794,726.64 1,878,840.72 Total Assets $4,370,969.74 $4,395,343.10 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,370,969.74 $4,395,343.10 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $217,640.06 $114,965.18 Purchases (670,324.97)(3,019,100.70) Sales and Redemptions 491,686.55 2,917,668.01 Return of Principal 1,957.34 6,139.94 Income and Distributions 11,970.72 43,682.90 Total Investment Related Activity $(164,710.36)$(51,609.85) Other Debits —(10,425.63) Total Cash Related Activity —$(10,425.63) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $52,929.70 $52,929.70 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Interest $11,970.72 $43,682.90 Total Taxable Income And Distributions $11,970.72 $43,682.90 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $11,970.72 $43,682.90 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain $621.44 $4,456.19 $19,687.86 Short-Term (Loss)(633.02)(42,246.58)(9,093.80) Total Short-Term $(11.58)$(37,790.39)$10,594.06 Long-Term Gain 853.67 3,177.14 9,269.66 Long-Term (Loss)(333.28)(333.28)(2,656.53) Total Long-Term $520.39 $2,843.86 $6,613.13 TOTAL GAIN/(LOSS)$508.81 $(34,946.53)$17,207.19 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 May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 13 of 126 ADDITIONAL ACCOUNT INFORMATION Category This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17)Category This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Accrued Interest Paid $3,394.10 $15,246.26 Accrued Interest Received 2,832.92 11,842.44 U.S. Treasury Coupon Interest 296.88 6,625.75 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 7 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 Investment Objectives †: Income Investment Advisory Account Manager:Sage Advisory - Intermediate Taxab CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 14 of 126 † 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. #$52,929.68 —$5.00 0.010 MORGAN STANLEY PRIVATE BANK NA #0.02 ——0.010 BANK DEPOSITS $52,929.70 $5.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.20%$52,929.70 $5.00 # 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 $99.951 $69,911.80 $69,911.80 $69,965.70 $53.90 LT $438.00 $157.98 0.62 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.401%; Moody BAA1 S&P BBB+; Issued 09/26/12; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 15 of 126 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 23,000.000 100.281 100.137 100.357 100.184 99.952 99.952 64,179.84 64,087.44 23,082.11 23,042.27 63,969.28 22,988.96 (118.16) (53.31) LT ST Total 87,000.000 87,261.95 87,129.71 86,958.24 (118.16) (53.31) LT ST 1,349.00 33.71 1.55 Int. Semi-Annually May/Nov 22; Yield to Maturity 1.600%; 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 77,000.000 101.250 100.656 100.270 77,962.50 77,505.36 77,207.90 (297.46)LT 1,463.00 532.36 1.89 Int. Semi-Annually Jan/Jul 20; Yield to Maturity 1.658%; 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 86,000.000 101.376 100.643 100.677 87,183.36 86,553.16 86,582.22 29.06 LT 1,927.00 347.97 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 DOW CHEMCIAL CO Coupon Rate 8.550%; Matures 05/15/2019; CUSIP 260543BX0 3/2/17 74,000.000 113.834 112.367 112.802 84,237.16 83,151.35 83,473.48 322.13 ST 6,327.00 281.19 7.57 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.853%; 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 86,000.000 100.769 100.614 100.700 86,661.34 86,527.68 86,602.00 74.32 ST 1,892.00 47.30 2.18 Int. Semi-Annually May/Nov 22; Callable $100.00 on 04/22/19; Yield to Call 1.821%; Moody BAA1 S&P A; Issued 05/22/14; Asset Class: FI & Pref VERIZON COMMUNICATIONS Coupon Rate 4.500%; Matures 09/15/2020; CUSIP 92343VBQ6 2/1/17 76,000.000 106.562 105.998 107.194 80,987.12 80,558.62 81,467.44 908.82 ST 3,420.00 721.99 4.19 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.219%; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref HP ENTERPRISE CO Coupon Rate 3.600%; Matures 10/15/2020; CUSIP 42824CAG4 5/23/17 84,000.000 103.995 103.976 103.998 87,355.80 87,339.84 87,358.32 18.48 ST 3,024.00 386.40 3.46 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/20; Yield to Call 2.329%; Moody BAA2 S&P BBB; Issued 10/15/16; Asset Class: FI & Pref CONOCOPHILLIPS COMPANY Coupon Rate 4.200%; Matures 03/15/2021; CUSIP 20826FAS5 1/10/17 80,000.000 106.491 105.917 106.949 85,192.80 84,733.27 85,559.20 825.93 ST 3,360.00 709.33 3.92 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/21; Yield to Call 2.235%; Moody BAA2 S&P A-; Issued 03/08/16; Asset Class: FI & Pref CAPITAL ONE FINANCIAL CO Coupon Rate 4.750%; Matures 07/15/2021; CUSIP 14040HAY1 5/1/17 80,000.000 107.824 107.686 108.212 86,259.20 86,149.03 86,569.60 420.57 ST 3,800.00 1,435.55 4.38 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.634%; Moody BAA1 S&P BBB; Issued 07/19/11; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 5.250%; Matures 07/27/2021; CUSIP 38141GGQ1 11/24/15 83,000.000 111.829 108.869 110.373 92,818.07 90,360.91 91,609.59 1,248.68 LT 4,358.00 1,500.91 4.75 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.600%; 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 97.255 101.509 88,502.05 88,502.05 92,373.19 3,871.14 ST 3,049.00 897.61 3.30 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 8 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 16 of 126 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 Feb/Aug 15; Callable $100.00 on 05/15/22; Yield to Call 3.020%; 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 96.934 101.074 101.074 3,895.08 3,895.08 79,485.88 79,485.88 4,042.96 82,880.68 147.88 3,394.80 LT LT Total 86,000.000 83,380.96 83,380.96 86,923.64 3,542.68 LT 2,494.00 173.19 2.86 Int. Semi-Annually May/Nov 06; Yield to Maturity 2.686%; 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 86,000.000 100.842 100.809 101.620 86,724.12 86,695.45 87,393.20 697.75 ST 2,639.00 931.10 3.01 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 01/24/22; Yield to Call 2.695%; 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 99.660 100.125 100.101 102.030 102.030 7,972.80 7,972.80 78,097.50 78,078.44 8,162.40 79,583.40 189.60 1,504.96 LT LT Total 86,000.000 86,070.30 86,051.24 87,745.80 1,694.56 LT 2,752.00 963.20 3.13 Int. Semi-Annually Jan/Jul 25; Yield to Maturity 2.808%; 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 83,000.000 104.564 103.847 103.060 86,788.12 86,193.35 85,539.80 (653.55)LT 2,739.00 912.99 3.20 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 12/01/22; Yield to Call 2.698%; 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 79,000.000 107.350 107.041 109.390 84,806.50 84,562.39 86,418.10 1,855.71 ST 4,641.00 941.14 5.37 Int. Semi-Annually Mar/Sep 18; Yield to Maturity 4.163%; 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 88,000.000 100.058 100.053 97.838 88,051.04 88,046.83 86,097.44 (1,949.39)ST 1,980.00 236.49 2.29 Int. Semi-Annually Apr/Oct 18; Yield to Maturity 2.620%; 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 98.365 85,404.00 85,404.00 86,561.20 1,157.20 ST 2,992.00 132.97 3.45 Int. Semi-Annually May/Nov 15; Callable $100.00 on 02/15/25; Yield to Maturity 3.638%; 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 83,000.000 102.442 102.205 103.600 85,026.86 84,830.19 85,988.00 1,157.81 LT 3,320.00 1,660.00 3.86 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 03/01/25; Yield to Call 3.466%; Moody BAA1 S&P BBB+; Issued 05/26/15; Asset Class: FI & Pref BOSTON PROPERTIES LP Coupon Rate 3.650%; Matures 02/01/2026; CUSIP 10112RAX2 5/1/17 87,000.000 100.595 100.590 102.112 87,517.65 87,513.68 88,837.44 1,323.76 ST 3,176.00 1,058.49 3.57 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/03/25; Yield to Call 3.360%; Moody BAA2 S&P A-; Issued 01/20/16; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 17 of 126 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 % BANK OF AMERICA CORP Coupon Rate 4.450%; Matures 03/03/2026; CUSIP 06051GFU8 10/4/16 5/18/17 82,000.000 2,000.000 107.141 106.717 104.587 104.576 104.514 104.514 87,855.62 87,507.88 2,091.74 2,091.52 85,701.48 2,090.28 (1,806.40) (1.24) ST ST Total 84,000.000 89,947.36 89,599.40 87,791.76 (1,807.64)ST 3,738.00 913.73 4.25 Int. Semi-Annually Mar/Sep 03; Yield to Maturity 3.837%; Moody BAA3 S&P BBB; Issued 03/03/16; Asset Class: FI & Pref SABINE PASS LIQUEFACTION LLC Coupon Rate 5.875%; Matures 06/30/2026; CUSIP 785592AV8 2/28/17 87,000.000 111.762 111.508 112.826 97,232.94 97,012.38 98,158.62 1,146.24 ST 5,111.00 2,129.68 5.20 Int. Semi-Annually Jun/Dec 30; Callable $100.00 on 12/31/25; Yield to Call 4.087%; First Coupon 06/30/17; Moody BAA3 S&P BBB-; Issued 12/31/16; 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 97.186 87,633.90 87,633.90 87,467.40 (166.50)ST H 2,880.00 319.99 3.29 Int. Semi-Annually Apr/Oct 21; Callable $100.00 on 07/21/26; Yield to Maturity 3.555%; 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 99.474 100.530 100.530 100.530 61,306.84 61,306.84 12,888.85 12,888.85 12,931.62 12,931.62 62,328.60 13,068.90 13,068.90 1,021.76 180.05 137.28 ST ST ST Total 88,000.000 87,127.31 87,127.31 88,466.40 1,339.09 ST 3,190.00 735.47 3.60 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 01/01/27; Yield to Call 3.559%; First Coupon 10/01/17; S&P BBB; Issued 03/08/17; Asset Class: FI & Pref CORPORATE BONDS 2,089,000.000 $2,150,044.21 $2,142,473.86 $2,159,115.68 $6,657.52 $9,984.30 LT ST $76,059.00 $18,160.74 3.52% 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 1.369%; 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 $100.456 100.456 $29,905.08 $29,905.08 124,326.13 124,326.13 $30,136.80 125,570.00 $231.72 1,243.87 LT LT Total 155,000.000 154,231.21 154,231.21 155,706.80 1,475.59 LT 2,122.00 94.31 1.36 Interest Paid Monthly May 15; Yield to Maturity 1.253%; Floater; Moody AAA S&P AAA; Issued 02/13/14; Asset Class: FI & Pref 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 1 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 18 of 126 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 99.789 100.300 129,725.83 129,725.83 130,390.00 664.17 ST 2,366.00 105.15 1.81 Interest Paid Monthly May 15; Yield to Maturity 1.760%; S&P AAA; Issued 12/08/16; Asset Class: FI & Pref OTHER FIXED INCOME 285,000.000 $283,957.04 $283,957.04 $286,096.80 $1,475.59 $664.17 LT ST $4,488.00 $199.46 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 2,374,000.000 $2,434,001.25 $2,426,430.90 $2,445,212.48 $8,133.11 $10,648.47 LT ST $80,547.00 $18,360.20 3.29% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 56.05%$2,463,572.68 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 $297.00 0.31 Int. Semi-Annually May/Nov 31; Yield to Maturity 1.129%; 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 99.156 48,598.20 48,598.20 48,586.44 (11.76)ST 368.00 106.59 0.75 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.251%; 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 47,000.000 100.396 100.374 100.679 100.641 100.878 100.829 99.648 99.648 99.648 40,158.40 40,149.53 16,108.57 16,102.48 47,412.54 47,389.40 39,859.20 15,943.68 46,834.56 (290.33) (158.80) (554.84) LT LT LT H H H 7/4/16 19,000.000 101.290 101.218 99.648 19,245.19 19,231.42 18,933.12 (298.30)ST H 7/19/16 19,000.000 101.094 100.917 99.648 19,207.88 19,174.24 18,933.12 (241.12)ST Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 19 of 126 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 % 8/30/16 108,000.000 100.836 100.655 99.648 108,903.20 108,707.40 107,619.84 (1,087.56)ST 11/16/16 189,000.000 99.688 99.688 99.648 188,409.94 188,409.94 188,334.72 (75.22)ST Total 438,000.000 439,445.72 439,164.41 436,458.24 (1,003.97) (1,702.20) LT ST 5,475.00 1,814.91 1.25 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.385%; 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 83,000.000 101.586 105.594 100.896 86,914.42 87,642.84 87,181.35 (461.49)ST 108.00 13.57 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.04105000; Moody AAA; Issued 04/15/15; Current Face 86,407.150; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.375%; Matures 08/31/2020; CUSIP 912828L32 5/5/17 119,000.000 99.274 99.274 99.590 118,135.82 118,135.82 118,512.10 376.28 ST 1,636.00 415.76 1.38 Int. Semi-Annually Feb/Aug 29; Yield to Maturity 1.505%; Moody AAA; Issued 08/31/15; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.125%; Matures 01/31/2021; CUSIP 912828B58 4/18/17 52,000.000 102.082 102.019 101.922 53,082.85 53,049.73 52,999.44 (50.29)ST 1,105.00 366.29 2.08 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.583%; Moody AAA; Issued 01/31/14; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 03/31/2022; CUSIP 912828J76 5/5/17 238,000.000 99.352 99.352 99.973 236,457.52 236,457.52 237,935.74 1,478.22 ST 4,165.00 694.16 1.75 Int. Semi-Annually Mar/Sep 30; Yield to Maturity 1.756%; Moody AAA; Issued 03/31/15; 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 99.907 100.835 99.959 86,853.64 87,726.16 87,768.75 42.59 ST 329.00 123.70 0.37 Int. Semi-Annually Jan/Jul 15; Factor 1.00925000; Moody AAA; Issued 01/15/17; Current Face 87,804.750; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.250%; Matures 02/15/2027; CUSIP 912828V98 3/22/17 3/23/17 5/30/17 61,000.000 80,000.000 49,000.000 98.653 98.653 98.454 98.454 100.231 100.231 100.371 100.371 100.371 60,178.15 60,178.14 78,762.80 78,762.80 49,113.14 49,113.11 61,226.31 80,296.80 49,181.79 1,048.17 1,534.00 68.68 ST ST ST Total 190,000.000 188,054.09 188,054.05 190,704.90 2,650.85 ST 4,275.00 1,239.98 2.24 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.207%; Moody AAA; Issued 02/15/17; Asset Class: FI & Pref TREASURY SECURITIES 1,351,000.000 $1,352,453.53 $1,353,740.00 $1,354,909.46 $(1,003.97) $2,173.43 LT ST $17,758.00 $4,774.96 1.31% 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 20 of 126 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 $100.337 102.293 101.619 102.300 101.793 $100.786 100.786 100.786 $15,081.15 $15,050.52 71,605.10 71,133.59 131,967.26 131,312.79 $15,117.90 70,550.20 130,013.94 $67.38 (583.39) (1,298.85) LT LT ST Total 214,000.000 218,653.51 217,496.90 215,682.04 (516.01) (1,298.85) LT ST 3,745.00 52.01 1.73 Int. Semi-Annually May/Nov 26; Yield to Maturity 1.427%; 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 98.332 89,942.40 89,942.40 88,498.80 (1,443.60)ST 1,238.00 1.39 Int. Semi-Annually May/Nov 24; Yield to Maturity 1.811%; 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 2/9/17 207,000.000 105.410 105.410 105.664 217,498.12 213,732.97 214,247.58 514.61 ST 8,111.00 675.87 3.78 Interest Paid Monthly Jan 01; Yield to Maturity 3.684%; Factor .97953181; Issued 01/01/17; Current Face 202,763.085; Asset Class: FI & Pref FEDERAL AGENCIES 511,000.000 $526,094.03 $521,172.27 $518,428.42 $(516.01) $(2,227.84) LT ST $13,094.00 $727.88 2.53% 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 1,862,000.000 $1,878,547.56 $1,874,912.27 $1,873,337.88 $(1,519.98) $(54.41) LT ST $30,852.00 $5,502.84 1.65% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 42.75%$1,878,840.72 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 21 of 126 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,301,343.17 $4,371,480.06 $6,613.13 $10,594.06 LT ST $111,404.00 $23,863.04 2.53% TOTAL VALUE (includes accrued interest)100.00%$4,395,343.10 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 $52,929.70 —————— Corporate Fixed Income^——$2,463,572.68 ———— Government Securities^——1,878,840.72 ———— TOTAL ALLOCATION OF ASSETS^$52,929.70 —$4,342,413.40 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/1 5/2 Sold US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 307.04 65,000.000 $99.3980 $64,915.74 5/1 5/2 Sold US TSY NOTE 1250 20JA31 ACTED AS AGENT ACCRUED INTEREST 97.41 31,000.000 99.5544 30,959.27 5/1 5/2 Sold US TSY NOTE 1500 26AU15 ACTED AS AGENT ACCRUED INTEREST 28.34 9,000.000 93.2574 8,421.51 5/1 5/4 Sold PRUDENTIAL FINL 5375 20JN21 ACTED AS AGENT ACCRUED INTEREST 1,529.04 77,000.000 109.6720 85,976.48 5/1 5/4 Bought BOSTON PROPERTIE 3650 *26FB01 ACTED AS AGENT ACCRUED INTEREST 820.34 87,000.000 100.5950 (88,337.99) 5/1 5/4 Bought CAPITAL ONE FINL 4750 21JL15 ACTED AS AGENT ACCRUED INTEREST 1,150.56 80,000.000 107.8240 (87,409.76) 5/5 5/8 Sold FNMA POOL MA2896 3500 47FB01 ACTED AS AGENT ACCRUED INTEREST 142.21 212,000.000 102.5977 214,530.32 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 22 of 126 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/5 5/8 Bought US TSY NOTE 1750 22MH31 ACTED AS AGENT ACCRUED INTEREST 432.43 238,000.000 99.3519 (236,889.95) 5/5 5/8 Bought US TSY NOTE 1375 20AU31 ACTED AS AGENT ACCRUED INTEREST 306.80 119,000.000 99.2738 (118,442.62) 5/18 5/19 Sold US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 11.56 2,000.000 100.0738 2,013.04 5/18 5/23 Bought BANK OF AMERICA C 4450 26MH03 ACTED AS AGENT ACCRUED INTEREST 19.78 2,000.000 104.5870 (2,111.52) 5/23 5/26 Sold ORACLE CORP 2375 19JA15 ACTED AS AGENT ACCRUED INTEREST 717.32 83,000.000 101.3890 84,870.19 5/23 5/26 Bought HP ENTERPRISE CO 3600 *20OC15 ACTED AS AGENT ACCRUED INTEREST 344.40 84,000.000 103.9950 (87,700.20) 5/30 5/31 Bought US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 319.79 49,000.000 100.2309 (49,432.93) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(178,638.42) TOTAL PURCHASES $(670,324.97) TOTAL SALES AND REDEMPTIONS $491,686.55 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) 5/15 Return of Principal FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $1,122.48 5/25 Return of Principal FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 834.86 TOTAL RETURN OF PRINCIPAL $1,957.34 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 5/8 Interest Income ABBVIE INC 2900 22NV06 CUSIP: 00287YAL3 $1,247.00 5/15 Interest Income DOW CHEMICAL CO 8550 19MY15 CUSIP: 260543BX0 3,163.50 5/15 Interest Income AT&T INC 3400 *25MY15 CUSIP: 00206RCN0 1,496.00 5/15 Interest Income FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 679.61 5/15 Interest Income COMET 2016-A6 A 1820 *22SPRG CUSIP: 14041NFH9 197.17 5/15 Interest Income BACCT 2014-A1 A 1369 *21JNRG CUSIP: 05522RCQ9 165.63 5/22 Interest Income AMGEN INC 2200 *19MY22 CUSIP: 031162BU3 946.00 5/22 Interest Income AMERICAN EXPRESS 1550 18MY22 CUSIP: 025816BG3 674.25 5/25 Interest Income-Adj INT BK REC & DEV 1375 21MY24 INTEREST PAYMENT CUSIP: 459058FH1 619.20 5/25 Interest Income FNMA POOL MA2896 3500 47FB01 CUSIP: 31418CGE8 611.89 5/26 Interest Income FNMA 1750 19NV26 CUSIP: 3135G0ZY2 1,872.50 5/31 Interest Income US TSY NOTE 0625 17NV30 CUSIP: 912828UA6 296.88 5/31 Interest Income MORGAN STANLEY BANK N.A. (Period 05/01-05/31) 1.07 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 23 of 126 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/03-05/31) 0.02 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $11,970.72 TOTAL INTEREST $11,970.72 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/3 Automatic Investment BANK DEPOSIT PROGRAM $104,296.52 5/4 Automatic Redemption BANK DEPOSIT PROGRAM (89,771.27) 5/8 Automatic Redemption BANK DEPOSIT PROGRAM (139,555.25) 5/15 Automatic Investment BANK DEPOSIT PROGRAM 6,144.78 5/16 Automatic Investment BANK DEPOSIT PROGRAM 679.61 5/22 Automatic Investment BANK DEPOSIT PROGRAM 2,959.04 5/23 Automatic Redemption BANK DEPOSIT PROGRAM (1,437.27) 5/25 Automatic Investment BANK DEPOSIT PROGRAM 834.86 5/26 Automatic Investment BANK DEPOSIT PROGRAM 273.58 5/31 Automatic Investment BANK DEPOSIT PROGRAM 1.07 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.02 5/31 Automatic Redemption BANK DEPOSIT PROGRAM (49,136.05) NET ACTIVITY FOR PERIOD $(164,710.36) TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 5/9 Exchange Delivered Out SABINE PASS LIQUE 5875 *26JN30 TENDER (87,000.000) 5/9 Exchange Received In SAB DF89U EXCH 5875 26JN30 TENDER 87,000.000 5/11 Exchange Delivered Out SAB DF89U EXCH 5875 26JN30 EXCHANGE (87,000.000) 5/11 Exchange Received In SABINE PASS LIQUE 5875 *26JN30 EXCHANGE 87,000.000 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 ORACLE CORP 2 3/8 1-15-19 04/10/15 05/23/17 15,000.000 $15,208.35 $15,200.26 $8.09 03/28/16 05/23/17 68,000.000 68,944.52 69,277.80 (333.28) PRUDENTIAL FINL 5 3/8 6-21-20 01/14/15 05/01/17 8,000.000 8,773.76 8,690.66 83.10 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 2 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 24 of 126 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments 11/18/15 05/01/17 69,000.000 75,673.68 74,911.20 762.48 Long-Term This Period $168,600.31 $168,079.92 $520.39 Long-Term Year to Date $346,560.70 $343,716.84 $2,843.86 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FHLMC 30G G08749 4.000 1-01-47 02/09/17 05/15/17 1,122.480 1,122.48 1,183.21 (60.73) FNMA POOL MA2896 3 1/2 2-01-47 02/07/17 05/05/17 212,000.000 214,388.11 214,534.99 (146.88) 02/07/17 05/25/17 834.860 834.86 857.13 (22.27) US TSY NOTE 1 1/2 8-15-26 12/09/16 05/01/17 9,000.000 8,393.17 8,284.61 108.56 US TSY NOTE 1 1/4 1-31-20 07/19/16 05/01/17 31,000.000 30,861.86 31,265.00 (403.14) US TSY NOTE 2 1/4 2-15-27 03/22/17 05/01/17 65,000.000 64,608.70 64,124.25 484.45 03/22/17 05/18/17 2,000.000 2,001.48 1,973.05 28.43 Short-Term This Period $322,210.66 $322,222.24 $(11.58) Short-Term Year to Date $2,563,558.88 $2,601,349.27 $(37,790.39) Net Realized Gain/(Loss) This Period $490,810.97 $490,302.16 $508.81 Net Realized Gain/(Loss) Year to Date $2,911,965.51 $2,945,066.11 $(34,946.53) 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. 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $4,517,171.86 $4,236,016.96 Credits 432,000.00 432,000.00 Debits (106.52)(3,804.91) Security Transfers —— Net Credits/Debits/Transfers $431,893.48 $428,195.09 Change in Value 56,991.22 341,844.51 TOTAL ENDING VALUE $5,006,056.56 $5,006,056.56 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2.7 3.2 3.7 4.2 4.7 5.2 ($ ) 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 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $64,724.63 1.29 Equities 4,100,640.06 81.91 Alternatives 840,691.87 16.79 TOTAL VALUE $5,006,056.56 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 3 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 26 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $64,810.17 $64,724.63 ETFs & CEFs 2,737,759.10 3,008,432.25 Mutual Funds 1,714,602.59 1,932,899.68 Total Assets $4,517,171.86 $5,006,056.56 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,517,171.86 $5,006,056.56 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $64,810.17 $57,279.95 Purchases (431,980.18)(431,980.18) Dividend Reinvestments (9,351.12)(9,351.12) Income and Distributions 9,352.28 20,580.89 Total Investment Related Activity $(431,979.02)$(420,750.41) Electronic Transfers-Credits 432,000.00 432,000.00 Other Debits (106.52)(3,804.91) Total Cash Related Activity $431,893.48 $428,195.09 Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $64,724.63 $64,724.63 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Other Dividends $9,351.12 $20,577.81 Interest 1.16 3.08 Total Taxable Income And Distributions $9,352.28 $20,580.89 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $9,352.28 $20,580.89 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain ——$28,759.75 Short-Term (Loss)——(598.48) Total Short-Term ——$28,161.27 Long-Term Gain ——418,092.94 TOTAL GAIN/(LOSS)——$446,254.21 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 May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 27 of 126 † 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. #$64,724.29 —$6.00 0.010 MORGAN STANLEY PRIVATE BANK NA #0.34 ——0.010 BANK DEPOSITS $64,724.63 $6.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.29%$64,724.63 $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 $221.670 221.670 $1,572,414.75 22,727.09 $1,831,437.54 29,482.11 $259,022.79 6,755.02 LT LT Total 8,395.000 1,595,141.84 1,860,919.65 265,777.81 LT 34,671.00 1.86 Next Dividend Payable 06/2017; Asset Class: Equities VANGUARD TOTAL INTL STOCK ETF (VXUS) 11/10/15 2/12/16 5/12/17 16,987.000 816.000 4,180.000 46.280 40.307 51.670 52.200 52.200 52.200 786,158.36 32,890.76 215,980.18 886,721.40 42,595.20 218,196.00 100,563.04 9,704.44 2,215.82 LT LT ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 4 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 28 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 21,983.000 1,035,029.30 1,147,512.60 110,267.48 2,215.82 LT ST 29,919.00 2.60 Next Dividend Payable 06/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 60.10%$2,630,171.14 $3,008,432.25 $376,045.29 2,215.82 LT ST $64,590.00 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 5/12/17 57,921.887 1,868.289 15,417.559 $13.570 11.920 14.010 $14.210 14.210 14.210 $786,000.00 22,270.00 216,000.00 $823,070.01 26,548.39 219,083.51 $37,070.01 4,278.39 3,083.51 LT LT ST Purchases 75,207.735 1,024,270.00 1,068,701.91 41,348.40 3,083.51 LT ST Long Term Reinvestments 678.890 8,947.78 9,647.03 699.25 LT Short Term Reinvestments 975.290 12,044.83 13,858.87 1,814.04 ST Total 76,861.915 1,045,262.61 1,092,207.81 42,047.65 4,897.55 LT ST 15,296.00 1.40 Total Purchases vs Market Value Net Value Increase/(Decrease) 1,024,270.00 1,092,207.81 67,937.81 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 13.340 803,390.00 825,036.38 21,646.38 ST Purchases 61,846.805 803,390.00 825,036.38 21,646.38 ST Short Term Reinvestments 1,173.575 16,253.97 15,655.49 (598.48)ST Total 63,020.380 819,643.97 840,691.87 21,047.90 ST 16,511.00 1.96 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 29 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total Purchases vs Market Value Net Value Increase/(Decrease) 803,390.00 840,691.87 37,301.87 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Alt Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MUTUAL FUNDS 38.61%$1,864,906.58 $1,932,899.68 $42,047.65 $25,945.45 LT ST $31,807.00 1.65% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,495,077.72 $5,006,056.56 $418,092.94 $28,161.27 LT ST $96,403.00 $0.00 1.93% TOTAL VALUE (includes accrued interest)100.00%$5,006,056.56 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $64,724.63 —————— ETFs & CEFs —$3,008,432.25 ————— Mutual Funds —1,092,207.81 —$840,691.87 ——— TOTAL ALLOCATION OF ASSETS $64,724.63 $4,100,640.06 —$840,691.87 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/12 5/17 Bought LAZARD INTL STRAT EQ PTF INST 15,417.559 $14.0100 $(216,000.00) 5/12 5/17 Bought VANGUARD TOTAL INTL STOCK ETF ACTED AS AGENT 4,180.000 51.6699 (215,980.18) 5/26 Dividend Reinvestment TORTOISE MLP & PIPELINE INST REINVESTMENT a/o 05/25/17 681.569 13.7200 (9,351.12) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(441,331.30) 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 30 of 126 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) TOTAL PURCHASES $(431,980.18) TOTAL DIVIDEND REINVESTMENTS $(9,351.12) 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) 5/26 Dividend TORTOISE MLP & PIPELINE INST DIV PAYMENT $9,351.12 5/31 Interest Income MORGAN STANLEY BANK N.A. (Period 05/01-05/31) 0.82 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/12-05/31) 0.34 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $9,352.28 TOTAL OTHER DIVIDENDS $9,351.12 TOTAL INTEREST $1.16 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 5/12 Cash Transfer - Credit FUNDS TRANSFERRED CONFIRMATION # 70603381 FROM 660-110179 $432,000.00 TOTAL ELECTRONIC TRANSFERS $432,000.00 TOTAL ELECTRONIC TRANSFERS-CREDITS $432,000.00 OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 5/15 Service Fee DEPOSIT/WITHDRAWAL ADJ $(106.52) TOTAL OTHER CREDITS AND DEBITS $(106.52) TOTAL OTHER DEBITS $(106.52) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/12 Automatic Investment BANK DEPOSIT PROGRAM $432,000.00 5/16 Automatic Redemption BANK DEPOSIT PROGRAM (106.52) 5/17 Automatic Redemption BANK DEPOSIT PROGRAM (431,980.18) 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.82 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.34 NET ACTIVITY FOR PERIOD $(85.54) Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 31 of 126 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 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 6 This page intentionally left blank Page 32 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $1,013,274.04 $912,436.77 Credits —— Debits —(2,432.99) Security Transfers —— Net Credits/Debits/Transfers —$(2,432.99) Change in Value 21,640.07 124,910.33 TOTAL ENDING VALUE $1,034,914.11 $1,034,914.11 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 0 300 600 900 1,200 1,500 ($ ) 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 33 of 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $24,736.08 2.39 Equities 1,010,178.03 97.61 TOTAL VALUE $1,034,914.11 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 7 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 34 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $27,869.19 $27,950.56 Stocks 985,404.85 1,010,178.03 Net Unsettled Purchases/Sales —(3,214.48) Total Assets $1,013,274.04 $1,034,914.11 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,013,274.04 $1,034,914.11 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $27,869.19 $20,879.26 Purchases (20,444.25)(92,424.75) Sales and Redemptions 16,247.01 95,305.73 2016 Net Unsettled Purch/Sales N/A (2,023.42) Net Unsettled Purch/Sales 3,214.48 3,214.48 Income and Distributions 1,064.13 5,432.25 Total Investment Related Activity $81.37 $9,504.29 Other Debits —(2,432.99) Total Cash Related Activity —$(2,432.99) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $27,950.56 $27,950.56 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Qualified Dividends $1,063.90 $5,431.12 Interest 0.23 1.13 Total Taxable Income And Distributions $1,064.13 $5,432.25 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,064.13 $5,432.25 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain $178.33 $3,059.06 $113,177.72 Short-Term (Loss)(13.14)(1,685.24)(16,331.50) Total Short-Term $165.19 $1,373.82 $96,846.22 Long-Term Gain —262.44 33,577.07 Long-Term (Loss)——(6,484.14) Total Long-Term —$262.44 $27,092.93 TOTAL GAIN/(LOSS)$165.19 $1,636.26 $123,939.15 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 May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account Manager:Pioneer Invest Fundamental Growth CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 35 of 126 † 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. #$27,950.56 —$3.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $27,950.56 $3.00 NET UNSETTLED PURCHASES/SALES $(3,214.48) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.39%$24,736.08 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ADOBE SYSTEMS (ADBE) 1/25/17 2/13/17 124.000 20.000 $113.773 117.802 $141.860 141.860 $14,107.85 2,356.04 $17,590.64 2,837.20 $3,482.79 481.16 ST ST Total 144.000 16,463.89 20,427.84 3,963.95 ST —— 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 8 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 36 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities ALLERGAN PLC SHS (AGN) 8/22/16 2/23/17 108.000 22.000 253.850 246.826 223.750 223.750 27,415.80 5,430.18 24,165.00 4,922.50 (3,250.80) (507.68) ST ST Total 130.000 32,845.98 29,087.50 (3,758.48)ST 364.00 1.25 Next Dividend Payable 06/15/17; Asset Class: Equities ALPHABET INC CL C (GOOG) 8/22/16 58.000 771.889 964.860 44,769.55 55,961.88 11,192.33 ST —— Asset Class: Equities AMAZON COM INC (AMZN) 12/22/14 9/4/15 12/22/16 19.000 23.000 19.000 306.614 497.298 767.787 994.620 994.620 994.620 5,825.67 11,437.85 14,587.96 18,897.78 22,876.26 18,897.78 13,072.11 11,438.41 4,309.82 LT LT ST Total 61.000 31,851.48 60,671.82 24,510.52 4,309.82 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 74.600 74.600 74.600 5,019.14 1,223.60 2,625.36 5,968.00 1,417.40 3,058.60 948.86 193.80 433.24 ST ST ST 9/29/16 22.000 64.925 74.600 1,428.34 1,641.20 212.86 ST 10/7/16 42.000 64.987 74.600 2,729.47 3,133.20 403.73 ST 3/30/17 17.000 71.896 74.600 1,222.24 1,268.20 45.96 ST Total 221.000 14,248.15 16,486.60 2,238.45 ST 141.00 0.85 Next Dividend Payable 07/2017; Asset Class: Equities APPLE INC (AAPL) 8/22/16 11/9/16 11/16/16 439.000 18.000 10.000 108.358 109.850 110.170 152.760 152.760 152.760 47,569.21 1,977.30 1,101.70 67,061.64 2,749.68 1,527.60 19,492.43 772.38 425.90 ST ST ST 12/22/16 23.000 116.482 152.760 2,679.08 3,513.48 834.40 ST Total 490.000 53,327.29 74,852.40 21,525.11 ST 1,235.00 1.64 Next Dividend Payable 08/2017; Asset Class: Equities BROADCOM LTD SHS (AVGO) 1/25/17 3/30/17 85.000 21.000 200.056 222.574 239.480 239.480 17,004.77 4,674.06 20,355.80 5,029.08 3,351.03 355.02 ST ST Total 106.000 21,678.83 25,384.88 3,706.05 ST 432.00 1.70 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 22.190 22.190 22.190 10,294.00 1,063.40 1,553.11 8,876.00 1,153.88 1,486.73 (1,418.00) 90.48 (66.38) ST ST ST Total 519.000 12,910.51 11,516.61 (1,393.90)ST 104.00 0.90 Next Dividend Payable 08/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 37 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CELGENE CORP (CELG) 11/20/14 4/22/15 7/1/15 77.000 139.000 43.000 107.805 115.781 117.677 114.410 114.410 114.410 8,300.99 16,093.55 5,060.11 8,809.57 15,902.99 4,919.63 508.58 (190.56) (140.48) LT LT LT 8/22/16 36.000 113.952 114.410 4,102.27 4,118.76 16.49 ST Total 295.000 33,556.92 33,750.95 177.54 16.49 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 66.910 66.910 66.910 11,560.51 2,277.44 992.11 13,448.91 3,010.95 1,204.38 1,888.40 733.51 212.27 ST ST ST Total 264.000 14,830.06 17,664.24 2,834.18 ST 158.00 0.89 Next Dividend Payable 08/2017; Asset Class: Equities COLGATE PALMOLIVE CO (CL) 8/22/16 11/9/16 5/3/17 122.000 22.000 41.000 74.535 70.327 71.025 76.360 76.360 76.360 9,093.33 1,547.20 2,912.03 9,315.92 1,679.92 3,130.76 222.59 132.72 218.73 ST ST ST Total 185.000 13,552.56 14,126.60 574.04 ST 296.00 2.09 Next Dividend Payable 08/2017; Asset Class: Equities COOPER CO INC NEW (COO) 5/9/17 5/11/17 5/12/17 24.000 23.000 22.000 207.646 207.008 207.866 218.750 218.750 218.750 4,983.50 4,761.18 4,573.06 5,250.00 5,031.25 4,812.50 266.50 270.07 239.44 ST ST ST Total 69.000 14,317.74 15,093.75 776.01 ST 4.00 0.02 Next Dividend Payable 08/2017; Asset Class: Equities CVS HEALTH CORP COM (CVS) 6/12/15 8/5/15 8/22/16 128.000 86.000 166.000 102.265 110.521 98.070 76.830 76.830 76.830 13,089.95 9,504.77 16,279.62 9,834.24 6,607.38 12,753.78 (3,255.71) (2,897.39) (3,525.84) LT LT ST 11/9/16 14.000 75.287 76.830 1,054.02 1,075.62 21.60 ST 12/22/16 21.000 79.677 76.830 1,673.22 1,613.43 (59.79)ST Total 415.000 41,601.58 31,884.45 (6,153.10) (3,564.03) LT ST 830.00 2.60 Next Dividend Payable 08/2017; Asset Class: Equities ECOLAB INC (ECL) 8/22/16 125.000 122.120 132.840 15,264.97 16,605.00 1,340.03 ST 185.00 1.11 Next Dividend Payable 07/2017; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 74.000 85.508 115.070 6,327.56 8,515.18 2,187.62 LT —— Asset Class: Equities GILEAD SCIENCE (GILD) 8/22/16 193.000 81.027 64.890 15,638.13 12,523.77 (3,114.36)ST 401.00 3.20 Next Dividend Payable 06/2017; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 2 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 38 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % HERSHEY COMPANY (HSY) 8/22/16 152.000 113.933 115.270 17,317.82 17,521.04 203.22 ST 376.00 2.14 Next Dividend Payable 06/15/17; Asset Class: Equities HOME DEPOT INC (HD) 8/22/16 11/9/16 266.000 21.000 135.387 124.808 153.510 153.510 36,012.84 2,620.97 40,833.66 3,223.71 4,820.82 602.74 ST ST Total 287.000 38,633.81 44,057.37 5,423.56 ST 1,022.00 2.31 Next Dividend Payable 06/15/17; 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 60.190 60.190 60.190 17,349.96 6,432.92 767.43 22,149.92 6,921.85 782.47 4,799.96 488.93 15.04 LT ST ST 5/31/17 25.000 60.287 60.190 1,507.17 1,504.75 (2.42)ST Total 521.000 26,057.48 31,358.99 4,799.96 501.55 LT ST 417.00 1.32 Next Dividend Payable 06/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 8/22/16 86.000 137.269 137.890 11,805.17 11,858.54 53.37 ST 220.00 1.85 Next Dividend Payable 07/2017; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 8/22/16 10/26/16 160.000 18.000 119.247 113.967 128.250 128.250 19,079.46 2,051.41 20,520.00 2,308.50 1,440.54 257.09 ST ST Total 178.000 21,130.87 22,828.50 1,697.63 ST 598.00 2.61 Next Dividend Payable 06/13/17; Asset Class: Equities MARSH & MCLENNAN COS INC (MMC) 2/16/17 2/23/17 3/16/17 128.000 22.000 43.000 72.890 73.048 74.663 77.560 77.560 77.560 9,329.86 1,607.06 3,210.50 9,927.68 1,706.32 3,335.08 597.82 99.26 124.58 ST ST ST 3/30/17 23.000 74.480 77.560 1,713.04 1,783.88 70.84 ST 5/31/17 22.000 77.605 77.560 1,707.31 1,706.32 (0.99)ST Total 238.000 17,567.77 18,459.28 891.51 ST 357.00 1.93 Next Dividend Payable 08/2017; Asset Class: Equities MASCO CORP (MAS) 9/20/16 9/27/16 10/7/16 142.000 143.000 90.000 32.704 34.455 33.961 37.250 37.250 37.250 4,643.95 4,927.05 3,056.51 5,289.50 5,326.75 3,352.50 645.55 399.70 295.99 ST ST ST 11/9/16 20.000 30.911 37.250 618.22 745.00 126.78 ST Total 395.000 13,245.73 14,713.75 1,468.02 ST 158.00 1.07 Next Dividend Payable 08/2017; Asset Class: Equities MASTERCARD INC CL A (MA) 8/22/16 400.000 95.827 122.880 38,330.64 49,152.00 10,821.36 ST 352.00 0.71 Next Dividend Payable 08/2017; Asset Class: Equities MEDTRONIC PLC SHS (MDT) 8/22/16 265.000 87.457 84.280 23,176.00 22,334.20 (841.80)ST 456.00 2.04 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 39 of 126 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 MICROSOFT CORP (MSFT) 8/22/16 3/30/17 4/5/17 795.000 21.000 42.000 57.587 65.899 66.260 69.840 69.840 69.840 45,781.67 1,383.88 2,782.90 55,522.80 1,466.64 2,933.28 9,741.13 82.76 150.38 ST ST ST Total 858.000 49,948.45 59,922.72 9,974.27 ST 1,338.00 2.23 Next Dividend Payable 06/08/17; Asset Class: Equities NIKE INC B (NKE) 2/23/15 11/9/16 3/30/17 122.000 21.000 48.000 47.464 50.794 55.996 52.990 52.990 52.990 5,790.55 1,066.68 2,687.80 6,464.78 1,112.79 2,543.52 674.23 46.11 (144.28) LT ST ST Total 191.000 9,545.03 10,121.09 674.23 (98.17) LT ST 138.00 1.36 Next Dividend Payable 07/2017; Asset Class: Equities O'REILLY AUTOMOTIVE INC NEW (ORLY) 8/22/16 49.000 287.588 242.080 14,091.83 11,861.92 (2,229.91)ST —— Asset Class: Equities PEPSICO INC NC (PEP) 8/22/16 262.000 108.027 116.870 28,302.97 30,619.94 2,316.97 ST 844.00 2.75 Next Dividend Payable 06/30/17; Asset Class: Equities RAYTHEON CO (NEW) (RTN) 8/22/16 176.000 142.893 164.010 25,149.20 28,865.76 3,716.56 ST 561.00 1.94 Next Dividend Payable 08/2017; Asset Class: Equities REYNOLDS AMERICAN INC (RAI) 8/22/16 3/10/17 335.000 22.000 50.625 60.680 67.250 67.250 16,959.51 1,334.96 22,528.75 1,479.50 5,569.24 144.54 ST ST Total 357.000 18,294.47 24,008.25 5,713.78 ST 728.00 3.03 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 63.920 63.920 12,539.19 1,345.54 12,400.48 1,342.32 (138.71) (3.22) ST ST Total 215.000 13,884.73 13,742.80 (141.93)ST 138.00 1.00 Next Dividend Payable 06/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 8/22/16 84.000 81.820 69.590 6,872.88 5,845.56 (1,027.32)ST 168.00 2.87 Next Dividend Payable 07/14/17; Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 11/16/16 280.000 53.000 56.696 55.418 63.610 63.610 15,874.82 2,937.17 17,810.80 3,371.33 1,935.98 434.16 ST ST Total 333.000 18,811.99 21,182.13 2,370.14 ST 333.00 1.57 Next Dividend Payable 08/2017; Asset Class: Equities THERMO FISHER SCIENTIFIC (TMO) 8/22/16 10/26/16 192.000 21.000 153.733 146.471 172.790 172.790 29,516.77 3,075.90 33,175.68 3,628.59 3,658.91 552.69 ST ST Total 213.000 32,592.67 36,804.27 4,211.60 ST 128.00 0.34 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 40 of 126 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 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 99.490 99.490 99.490 24,979.80 2,262.07 2,023.42 30,841.90 2,586.74 2,089.29 5,862.10 324.67 65.87 ST ST ST 3/10/17 24.000 98.664 99.490 2,367.93 2,387.76 19.83 ST Total 381.000 31,633.22 37,905.69 6,272.47 ST 613.00 1.61 Next Dividend Payable 06/15/17; Asset Class: Equities UNITED TECHNOLOGIES CORP (UTX) 8/22/16 9/29/16 104.000 22.000 108.667 102.166 121.280 121.280 11,301.33 2,247.65 12,613.12 2,668.16 1,311.79 420.51 ST ST Total 126.000 13,548.98 15,281.28 1,732.30 ST 333.00 2.17 Next Dividend Payable 06/10/17; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 11/17/14 11/20/14 60.000 12.000 111.274 110.550 123.600 123.600 6,676.44 1,326.60 7,416.00 1,483.20 739.56 156.60 LT LT Total 72.000 8,003.04 8,899.20 896.16 LT —— Asset Class: Equities WALT DISNEY CO HLDG CO (DIS) 8/22/16 262.000 95.836 107.940 25,108.93 28,280.28 3,171.35 ST 409.00 1.44 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.61%$886,238.88 $1,010,178.03 $27,092.93 $96,846.22 LT ST $13,837.00 1.37% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $886,238.88 $1,034,914.11 $27,092.93 $96,846.22 LT ST $13,840.00 $0.00 1.34% TOTAL VALUE (includes accrued interest)100.00%$1,034,914.11 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 41 of 126 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $24,736.08 —————— Stocks —$1,010,178.03 ————— TOTAL ALLOCATION OF ASSETS $24,736.08 $1,010,178.03 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/3 5/8 Sold KIMBERLY CLARK CORP ACTED AS AGENT 21.000 $126.7426 $2,661.53 5/3 5/8 Bought COLGATE PALMOLIVE CO ACTED AS AGENT 41.000 71.0252 (2,912.03) 5/9 5/12 Sold KIMBERLY CLARK CORP ACTED AS AGENT 68.000 128.3524 8,727.76 5/9 5/12 Bought COOPER CO INC NEW ACTED AS AGENT 24.000 207.6460 (4,983.50) 5/11 5/16 Bought COOPER CO INC NEW ACTED AS AGENT 23.000 207.0077 (4,761.18) 5/12 5/17 Sold KIMBERLY CLARK CORP ACTED AS AGENT 38.000 127.8377 4,857.72 5/12 5/17 Bought COOPER CO INC NEW ACTED AS AGENT 22.000 207.8665 (4,573.06) 5/31 6/5 Bought MARSH & MCLENNAN COS INC ACTED AS AGENT 22.000 77.6050 (1,707.31) 5/31 6/5 Bought INTERCONTINENTALEXCHANGE GROUP ACTED AS AGENT 25.000 60.2867 (1,507.17) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(4,197.24) TOTAL PURCHASES $(20,444.25) TOTAL SALES AND REDEMPTIONS $16,247.01 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) 5/31 6/5 Bought INTERCONTINENTALEXCHANGE GROUP UNSETTLED PURCHASE 25.000 $60.2867 $(1,507.17) 5/31 6/5 Bought MARSH & MCLENNAN COS INC UNSETTLED PURCHASE 22.000 77.6050 (1,707.31) NET UNSETTLED PURCHASES/SALES $(3,214.48) 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) 5/1 Qualified Dividend CVS HEALTH CORP COM $207.50 5/8 Qualified Dividend MASCO CORP 39.50 5/9 Qualified Dividend MASTERCARD INC CL A 88.00 5/11 Qualified Dividend RAYTHEON CO (NEW)140.36 5/15 Qualified Dividend MARSH & MCLENNAN COS INC 73.44 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 42 of 126 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 5/15 Qualified Dividend COLGATE PALMOLIVE CO 57.60 5/18 Qualified Dividend APPLE INC 308.70 5/26 Qualified Dividend STARBUCKS CORP WASHINGTON 83.25 5/31 Qualified Dividend COGNIZANT TECH SOLUTIONS CL A 39.60 5/31 Qualified Dividend CABOT OIL & GAS CORP A 25.95 5/31 Interest Income MORGAN STANLEY BANK N.A. (Period 05/01-05/31) 0.23 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,064.13 TOTAL QUALIFIED DIVIDENDS $1,063.90 TOTAL INTEREST $0.23 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/1 Automatic Investment BANK DEPOSIT PROGRAM $207.50 5/8 Automatic Redemption BANK DEPOSIT PROGRAM (211.00) 5/9 Automatic Investment BANK DEPOSIT PROGRAM 88.00 5/11 Automatic Investment BANK DEPOSIT PROGRAM 140.36 5/15 Automatic Investment BANK DEPOSIT PROGRAM 3,875.30 5/16 Automatic Redemption BANK DEPOSIT PROGRAM (4,761.18) 5/18 Automatic Investment BANK DEPOSIT PROGRAM 593.36 5/26 Automatic Investment BANK DEPOSIT PROGRAM 83.25 5/31 Automatic Investment BANK DEPOSIT PROGRAM 65.55 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.23 NET ACTIVITY FOR PERIOD $81.37 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 KIMBERLY CLARK CORP 08/22/16 05/03/17 21.000 $2,661.53 $2,674.67 $(13.14) 08/22/16 05/09/17 68.000 8,727.76 8,660.82 66.94 08/22/16 05/12/17 19.000 2,428.86 2,419.94 8.92 10/07/16 05/12/17 19.000 2,428.86 2,326.39 102.47 Short-Term This Period $16,247.01 $16,081.82 $165.19 Short-Term Year to Date $89,741.82 $88,368.00 $1,373.82 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 43 of 126 SHORT-TERM GAIN/(LOSS) (CONTINUED) Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss) Net Realized Gain/(Loss) This Period $16,247.01 $16,081.82 $165.19 Net Realized Gain/(Loss) Year to Date $95,305.73 $93,669.47 $1,636.26 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 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 2 This page intentionally left blank Page 44 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $2,409,759.29 $2,323,360.96 Credits —— Debits —(6,729.61) Security Transfers —— Net Credits/Debits/Transfers —$(6,729.61) Change in Value 18,532.18 111,660.12 TOTAL ENDING VALUE $2,428,291.47 $2,428,291.47 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 1.6 1.8 2 2.2 2.4 2.6 ($ ) 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 45 of 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $19,223.88 0.79 Equities 2,343,186.87 96.50 Alternatives 65,880.72 2.71 TOTAL VALUE $2,428,291.47 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 3 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 46 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $24,172.05 $19,223.88 Stocks 2,387,059.90 2,409,067.59 Net Unsettled Purchases/Sales (1,472.66)— Total Assets $2,409,759.29 $2,428,291.47 Total Liabilities (outstanding balance)—— TOTAL VALUE $2,409,759.29 $2,428,291.47 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $24,172.05 $45,267.52 Purchases (22,503.79)(131,947.09) Sales and Redemptions 16,174.71 89,239.21 Prior Net Unsettled Purch/Sales (1,472.66)N/A Income and Distributions 2,853.57 23,393.85 Total Investment Related Activity $(4,948.17)$(19,314.03) Other Debits —(6,729.61) Total Cash Related Activity —$(6,729.61) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $19,223.88 $19,223.88 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Qualified Dividends $2,498.47 $22,195.93 Other Dividends 354.92 1,196.67 Interest 0.18 1.25 Total Taxable Income And Distributions $2,853.57 $23,393.85 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $2,853.57 $23,393.85 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain —$1,107.43 $42,112.35 Short-Term (Loss)—(112.68)(11,141.54) Total Short-Term —$994.75 $30,970.81 Long-Term Gain 1,082.55 8,939.59 322,499.82 Long-Term (Loss)(2,239.09)(3,739.25)(45,408.39) Total Long-Term $(1,156.54)$5,200.34 $277,091.43 TOTAL GAIN/(LOSS)$(1,156.54)$6,195.09 $308,062.24 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 May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:JP Morgan - Equity Income SMA CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 47 of 126 † 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 #$19,223.88 —$2.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 0.79%$19,223.88 $2.00 # 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 % 3M COMPANY (MMM) 11/9/15 2/16/16 94.000 16.000 $157.130 155.644 $204.470 204.470 $14,770.22 2,490.31 $19,220.18 3,271.52 $4,449.96 781.21 LT LT Total 110.000 17,260.53 22,491.70 5,231.17 LT 517.00 2.29 Next Dividend Payable 06/12/17; 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 45.660 45.660 45.660 13,289.21 1,366.87 2,571.97 14,474.22 1,643.76 3,013.56 1,185.01 276.89 441.59 LT LT LT Total 419.000 17,228.05 19,131.54 1,903.49 LT 444.00 2.32 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 4 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 48 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 08/2017; Asset Class: Equities ABBVIE INC COM (ABBV) 4/6/15 59.000 57.769 66.020 3,408.37 3,895.18 486.81 LT 151.00 3.87 Next Dividend Payable 08/2017; Asset Class: Equities ACCENTURE PLC IRELAND CL A (ACN) 11/9/15 102.000 104.660 124.470 10,675.32 12,695.94 2,020.62 LT 247.00 1.94 Next Dividend Payable 11/2017; Asset Class: Equities ALEXANDRIA REAL ESTATE EQ INC (ARE) 11/9/15 53.000 86.271 116.680 4,572.37 6,184.04 1,611.67 LT R 176.00 2.84 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 75.440 75.440 21,747.45 4,703.40 28,818.08 5,884.32 7,070.63 1,180.92 LT LT Total 460.000 26,450.85 34,702.40 8,251.55 LT 1,122.00 3.23 Next Dividend Payable 07/2017; Asset Class: Equities AMERIPRISE FINCL INC (AMP) 11/17/15 80.000 113.969 120.790 9,117.49 9,663.20 545.71 LT 266.00 2.75 Next Dividend Payable 08/2017; Asset Class: Equities ANALOG DEVICES INC (ADI) 11/9/15 3/2/17 278.000 96.000 60.769 83.547 85.760 85.760 16,893.70 8,020.49 23,841.28 8,232.96 6,947.58 212.47 LT ST Total 374.000 24,914.19 32,074.24 6,947.58 212.47 LT ST 673.00 2.09 Next Dividend Payable 06/2017; Asset Class: Equities APPLE INC (AAPL) 11/9/15 2/16/16 327.000 66.000 120.243 96.317 152.760 152.760 39,319.36 6,356.94 49,952.52 10,082.16 10,633.16 3,725.22 LT LT Total 393.000 45,676.30 60,034.68 14,358.38 LT 990.00 1.64 Next Dividend Payable 08/2017; Asset Class: Equities ARTHUR J GALLAGHER (AJG) 11/9/15 2/16/16 233.000 27.000 43.483 38.947 56.730 56.730 10,131.61 1,051.57 13,218.09 1,531.71 3,086.48 480.14 LT LT Total 260.000 11,183.18 14,749.80 3,566.62 LT 406.00 2.75 Next Dividend Payable 06/16/17; Asset Class: Equities AUTOMATIC DATA PROCESSING INC (ADP) 11/9/15 2/16/16 124.000 14.000 86.393 83.874 102.370 102.370 10,712.72 1,174.23 12,693.88 1,433.18 1,981.16 258.95 LT LT Total 138.000 11,886.95 14,127.06 2,240.11 LT 315.00 2.22 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 16.000 169.190 164.841 192.079 191.240 191.240 191.240 13,196.82 1,813.25 3,073.27 14,916.72 2,103.64 3,059.84 1,719.90 290.39 (13.43) LT LT LT Total 105.000 18,083.34 20,080.20 1,996.86 LT 596.00 2.96 Next Dividend Payable 07/2017; Asset Class: Alt Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 49 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 22.410 22.410 22.410 22,532.05 6,769.51 4,350.34 34,511.40 10,106.91 6,117.93 11,979.35 3,337.40 1,767.59 ST ST ST 11/4/16 671.000 16.695 22.410 11,202.35 15,037.11 3,834.76 ST 12/1/16 133.000 21.847 22.410 2,905.68 2,980.53 74.85 ST Total 3,068.000 47,759.93 68,753.88 20,993.95 ST 920.00 1.33 Next Dividend Payable 06/30/17; 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 41.650 41.650 41.650 2,798.86 16,601.17 1,884.48 3,207.05 18,784.15 2,040.85 408.19 2,182.98 156.37 LT LT LT 2/16/16 39.000 32.787 41.650 1,278.71 1,624.35 345.64 LT 12/9/16 126.000 46.725 41.650 5,887.34 5,247.90 (639.44)ST Total 742.000 28,450.56 30,904.30 3,093.18 (639.44) LT ST 890.00 2.87 Next Dividend Payable 06/01/17; Asset Class: Equities BECTON DICKINSON & CO (BDX) 11/9/15 2/16/16 4/22/16 86.000 17.000 22.000 152.187 142.173 159.086 189.230 189.230 189.230 13,088.06 2,416.94 3,499.89 16,273.78 3,216.91 4,163.06 3,185.72 799.97 663.17 LT LT LT Total 125.000 19,004.89 23,653.75 4,648.86 LT 365.00 1.54 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 59.390 59.390 8,616.98 1,926.72 14,491.16 2,553.77 5,874.18 627.05 LT ST Total 287.000 10,543.70 17,044.93 5,874.18 627.05 LT ST 390.00 2.28 Next Dividend Payable 07/2017; Asset Class: Equities BLACKROCK INC (BLK) 11/9/15 12/15/15 2/16/16 93.000 14.000 7.000 349.118 325.244 314.557 409.240 409.240 409.240 32,468.00 4,553.42 2,201.90 38,059.32 5,729.36 2,864.68 5,591.32 1,175.94 662.78 LT LT LT 4/22/16 11.000 368.615 409.240 4,054.77 4,501.64 446.87 LT Total 125.000 43,278.09 51,155.00 7,876.91 LT 1,250.00 2.44 Next Dividend Payable 06/2017; Asset Class: Equities BOSTON PROPERTIES INC (BXP) 2/16/16 3/11/16 25.000 47.000 109.950 120.097 121.320 121.320 2,748.74 5,644.58 3,033.00 5,702.04 284.26 57.46 LT LT Total 72.000 8,393.32 8,735.04 341.72 LT 216.00 2.47 Next Dividend Payable 07/2017; Asset Class: Alt 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 50 of 126 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) 11/9/15 2/16/16 334.000 30.000 64.769 62.057 53.950 53.950 21,632.71 1,861.72 18,019.30 1,618.50 (3,613.41) (243.22) LT LT Total 364.000 23,494.43 19,637.80 (3,856.63)LT 568.00 2.89 Next Dividend Payable 08/2017; Asset Class: Equities CAPITAL ONE FINANCIAL CORP (COF) 1/16/15 7/28/15 2/23/16 89.000 66.000 79.000 76.305 78.973 65.879 76.920 76.920 76.920 6,791.15 5,212.20 5,204.43 6,845.88 5,076.72 6,076.68 54.73 (135.48) 872.25 LT LT LT 12/9/16 51.000 89.799 76.920 4,579.73 3,922.92 (656.81)ST Total 285.000 21,787.51 21,922.20 791.50 (656.81) LT ST 456.00 2.08 Next Dividend Payable 08/2017; 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 97.547 103.480 103.480 103.480 24,214.49 8,179.04 4,292.05 27,111.76 10,037.56 4,553.12 2,897.27 1,858.52 261.07 LT LT LT 4/22/16 17.000 102.160 103.480 1,736.72 1,759.16 22.44 LT 11/1/16 57.000 106.339 103.480 6,061.33 5,898.36 (162.97)ST 1/3/17 28.000 117.528 103.480 3,290.78 2,897.44 (393.34)ST 2/14/17 47.000 111.900 103.480 5,259.30 4,863.56 (395.74)ST 2/28/17 45.000 111.981 103.480 5,039.14 4,656.60 (382.54)ST Total 597.000 58,072.85 61,777.56 5,039.30 (1,334.59) LT ST 2,579.00 4.17 Next Dividend Payable 06/12/17; Asset Class: Equities CHUBB LTD (CB) 11/9/15 2/16/16 124.000 15.000 112.204 115.673 143.190 143.190 13,913.31 1,735.10 17,755.56 2,147.85 3,842.25 412.75 LT LT Total 139.000 15,648.41 19,903.41 4,255.00 LT 395.00 1.98 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 70.080 70.080 7,268.97 1,177.66 8,479.68 1,331.52 1,210.71 153.86 LT LT Total 140.000 8,446.63 9,811.20 1,364.57 LT 280.00 2.85 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 39.570 39.570 8,462.40 1,362.56 9,061.53 1,226.67 599.13 (135.89) LT ST Total 260.000 9,824.96 10,288.20 599.13 (135.89) LT ST 302.00 2.93 Next Dividend Payable 06/2017; Asset Class: Equities CME GROUP INC (CME) 11/9/15 390.000 97.152 117.290 37,889.12 45,743.10 7,853.98 LT 1,030.00 2.25 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 51 of 126 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 CMS ENERGY CP (CMS) 11/9/15 2/16/16 362.000 70.000 34.269 38.860 47.410 47.410 12,405.34 2,720.23 17,162.42 3,318.70 4,757.08 598.47 LT LT Total 432.000 15,125.57 20,481.12 5,355.55 LT 575.00 2.80 Next Dividend Payable 08/2017; Asset Class: Equities COCA COLA CO (KO) 4/24/15 275.000 40.958 45.470 11,263.37 12,504.25 1,240.88 LT 407.00 3.25 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 41.690 41.690 41.690 11,030.13 3,211.76 1,436.68 15,008.40 4,419.14 2,084.50 3,978.27 1,207.38 647.82 LT LT LT Total 516.000 15,678.57 21,512.04 5,833.47 LT 325.00 1.51 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 44.690 44.690 44.690 25,066.57 284.39 3,077.81 20,468.02 268.14 3,262.37 (4,598.55) (16.25) 184.56 LT LT LT 6/7/16 100.000 47.428 44.690 4,742.83 4,469.00 (273.83)ST 6/22/16 95.000 44.080 44.690 4,187.58 4,245.55 57.97 ST 11/2/16 102.000 43.105 44.690 4,396.71 4,558.38 161.67 ST 11/9/16 75.000 45.773 44.690 3,432.97 3,351.75 (81.22)ST 11/18/16 160.000 44.940 44.690 7,190.40 7,150.40 (40.00)ST Total 1,069.000 52,379.26 47,773.61 (4,430.24) (175.41) LT ST 1,133.00 2.37 Next Dividend Payable 06/01/17; Asset Class: Equities CULLEN FROST BANKERS INC (CFR) 11/17/15 140.000 69.508 91.660 9,731.12 12,832.40 3,101.28 LT 319.00 2.48 Next Dividend Payable 06/15/17; Asset Class: Equities DISCOVER FINCL SVCS (DFS) 11/9/15 12/2/15 4/25/16 65.000 33.000 103.000 56.990 56.050 56.680 58.700 58.700 58.700 3,704.35 1,849.65 5,838.03 3,815.50 1,937.10 6,046.10 111.15 87.45 208.07 LT LT LT 12/9/16 70.000 72.040 58.700 5,042.80 4,109.00 (933.80)ST Total 271.000 16,434.83 15,907.70 406.67 (933.80) LT ST 325.00 2.04 Next Dividend Payable 08/2017; 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 82.550 82.550 82.550 5,736.06 3,267.81 2,218.05 6,604.00 4,044.95 2,559.05 867.94 777.14 341.00 ST ST ST 11/18/16 32.000 70.000 82.550 2,240.00 2,641.60 401.60 ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 6 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 52 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2/2/17 35.000 77.571 82.550 2,714.99 2,889.25 174.26 ST Total 227.000 16,176.91 18,738.85 2,561.94 ST 400.00 2.13 Next Dividend Payable 06/15/17; 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 92.810 92.810 92.810 14,489.33 2,481.81 4,701.25 15,684.89 2,505.87 4,454.88 1,195.56 24.06 (246.37) LT LT ST Total 244.000 21,672.39 22,645.64 1,219.62 (246.37) LT ST 566.00 2.49 Next Dividend Payable 07/2017; Asset Class: Equities DTE ENERGY COMPANY (DTE) 11/9/15 40.000 79.210 109.520 3,168.40 4,380.80 1,212.40 LT 132.00 3.01 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 78.920 78.920 78.920 9,117.35 2,892.98 1,175.76 10,812.04 3,393.56 1,578.40 1,694.69 500.58 402.64 LT LT LT 5/1/17 41.000 79.826 78.920 3,272.87 3,235.72 (37.15)ST Total 241.000 16,458.96 19,019.72 2,597.91 (37.15) LT ST 366.00 1.92 Next Dividend Payable 06/12/17; Asset Class: Equities EDISON INTERNATIONAL (EIX) 11/9/15 2/16/16 234.000 45.000 59.158 61.827 81.570 81.570 13,843.07 2,782.22 19,087.38 3,670.65 5,244.31 888.43 LT LT Total 279.000 16,625.29 22,758.03 6,132.74 LT 605.00 2.65 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 79.570 79.570 79.570 11,490.02 2,287.33 1,461.04 11,537.65 2,148.39 1,591.40 47.63 (138.94) 130.36 LT LT LT 5/17/16 34.000 76.509 79.570 2,601.30 2,705.38 104.08 LT Total 226.000 17,839.69 17,982.82 143.13 LT 470.00 2.61 Next Dividend Payable 06/09/17; Asset Class: Equities EXXON MOBIL CORP (XOM) 11/9/15 2/16/16 442.000 84.000 82.058 81.082 80.500 80.500 36,269.60 6,810.88 35,581.00 6,762.00 (688.60) (48.88) LT LT Total 526.000 43,080.48 42,343.00 (737.48)LT 1,620.00 3.82 Next Dividend Payable 06/09/17; Asset Class: Equities FIDELITY NATL INFORMATION SE (FIS) 11/9/15 2/16/16 221.000 28.000 66.206 58.557 85.870 85.870 14,631.55 1,639.60 18,977.27 2,404.36 4,345.72 764.76 LT LT Total 249.000 16,271.15 21,381.63 5,110.48 LT 289.00 1.35 Next Dividend Payable 06/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 53 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % GENERAL ELECTRIC CO (GE) 4/11/17 4/25/17 414.000 220.000 30.027 29.485 27.380 27.380 12,431.30 6,486.70 11,335.32 6,023.60 (1,095.98) (463.10) ST ST Total 634.000 18,918.00 17,358.92 (1,559.08)ST 609.00 3.50 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 19.000 138.700 131.015 142.396 203.250 203.250 203.250 3,744.90 7,860.90 2,705.52 5,487.75 12,195.00 3,861.75 1,742.85 4,334.10 1,156.23 LT LT LT 7/1/16 32.000 141.083 203.250 4,514.66 6,504.00 1,989.34 ST 9/16/16 30.000 151.111 203.250 4,533.32 6,097.50 1,564.18 ST 11/18/16 13.000 166.955 203.250 2,170.41 2,642.25 471.84 ST Total 181.000 25,529.71 36,788.25 7,233.18 4,025.36 LT ST 608.00 1.65 Next Dividend Payable 08/2017; Asset Class: Equities GENUINE PARTS CO (GPC) 11/9/15 2/16/16 5/2/16 154.000 15.000 34.000 88.604 90.635 96.439 92.620 92.620 92.620 13,645.09 1,359.52 3,278.93 14,263.48 1,389.30 3,149.08 618.39 29.78 (129.85) LT LT LT 11/1/16 25.000 88.972 92.620 2,224.29 2,315.50 91.21 ST 11/18/16 25.000 94.179 92.620 2,354.47 2,315.50 (38.97)ST 11/30/16 26.000 96.832 92.620 2,517.62 2,408.12 (109.50)ST Total 279.000 25,379.92 25,840.98 518.32 (57.26) LT ST 753.00 2.91 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 64.890 64.890 64.890 6,260.40 2,171.35 3,565.07 4,477.41 1,687.14 2,660.49 (1,782.99) (484.21) (904.58) LT LT ST Total 136.000 11,996.82 8,825.04 (2,267.20) (904.58) LT ST 283.00 3.20 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 49.390 49.390 49.390 29,708.16 3,210.39 3,198.45 31,362.65 3,852.42 3,309.13 1,654.49 642.03 110.68 LT LT ST Total 780.000 36,117.00 38,524.20 2,296.52 110.68 LT ST 718.00 1.86 Next Dividend Payable 07/03/17; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 7 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 54 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % HCP INCORPORATED (HCP) 11/9/15 12/2/15 8/3/16 87.000 55.000 174.000 28.611 31.271 35.512 31.340 31.340 31.340 2,489.18 1,719.92 6,179.01 2,726.58 1,723.70 5,453.16 237.40 3.78 (725.85) LT LT ST R R R Total 316.000 10,388.11 9,903.44 241.18 (725.85) LT ST 468.00 4.72 Next Dividend Payable 08/2017; Asset Class: Alt HOME DEPOT INC (HD) 11/9/15 2/16/16 5/2/16 212.000 18.000 22.000 124.061 119.501 135.500 153.510 153.510 153.510 26,301.00 2,151.01 2,981.01 32,544.12 2,763.18 3,377.22 6,243.12 612.17 396.21 LT LT LT 12/13/16 38.000 136.217 153.510 5,176.25 5,833.38 657.13 ST Total 290.000 36,609.27 44,517.90 7,251.50 657.13 LT ST 1,032.00 2.31 Next Dividend Payable 06/15/17; Asset Class: Equities HONEYWELL INTERNATIONAL INC (HON) 11/9/15 2/16/16 4/22/16 142.000 22.000 30.000 101.819 104.144 112.641 132.990 132.990 132.990 14,458.23 2,291.17 3,379.23 18,884.58 2,925.78 3,989.70 4,426.35 634.61 610.47 LT LT LT 9/16/16 26.000 113.462 132.990 2,950.00 3,457.74 507.74 ST 10/5/16 18.000 115.189 132.990 2,073.41 2,393.82 320.41 ST 11/1/16 20.000 109.239 132.990 2,184.78 2,659.80 475.02 ST 11/10/16 21.000 113.500 132.990 2,383.50 2,792.79 409.29 ST Total 279.000 29,720.32 37,104.21 5,671.43 1,712.46 LT ST 742.00 1.99 Next Dividend Payable 06/09/17; Asset Class: Equities ILL TOOL WORKS INC (ITW) 11/9/15 2/16/16 232.000 32.000 91.119 93.097 141.220 141.220 21,139.61 2,979.10 32,763.04 4,519.04 11,623.43 1,539.94 LT LT Total 264.000 24,118.71 37,282.08 13,163.37 LT 686.00 1.84 Next Dividend Payable 07/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 2/16/16 6/30/16 34.000 17.000 107.500 124.169 137.890 137.890 3,655.00 2,110.88 4,688.26 2,344.13 1,033.26 233.25 LT ST Total 51.000 5,765.88 7,032.39 1,033.26 233.25 LT ST 131.00 1.86 Next Dividend Payable 07/2017; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 11/9/15 2/16/16 1/3/17 428.000 52.000 26.000 100.780 102.294 115.840 128.250 128.250 128.250 43,134.05 5,319.31 3,011.84 54,891.00 6,669.00 3,334.50 11,756.95 1,349.69 322.66 LT LT ST Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 55 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 506.000 51,465.20 64,894.50 13,106.64 322.66 LT ST 1,700.00 2.61 Next Dividend Payable 06/13/17; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 11/9/15 11/16/15 12/2/15 45.000 47.000 27.000 117.761 119.094 119.967 129.730 129.730 129.730 5,299.26 5,597.40 3,239.11 5,837.85 6,097.31 3,502.71 538.59 499.91 263.60 LT LT LT 2/16/16 16.000 128.298 129.730 2,052.77 2,075.68 22.91 LT 5/2/16 14.000 125.899 129.730 1,762.58 1,816.22 53.64 LT Total 149.000 17,951.12 19,329.77 1,378.65 LT 578.00 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 65.048 104.000 104.000 14,305.28 1,626.19 22,256.00 2,600.00 7,950.72 973.81 LT LT Total 239.000 15,931.47 24,856.00 8,924.53 LT 516.00 2.07 Next Dividend Payable 06/01/17; 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 92.200 92.200 92.200 4,117.64 4,428.79 4,777.42 5,532.00 4,886.60 4,886.60 1,414.36 457.81 109.18 LT ST ST R R 3/31/17 43.000 90.912 92.200 3,909.22 3,964.60 55.38 ST Total 209.000 17,233.07 19,269.80 1,414.36 622.37 LT ST 502.00 2.60 Next Dividend Payable 06/16/17; Asset Class: Equities L BRANDS INC COM (LB) 11/9/15 2/16/16 4/28/16 133.000 22.000 77.000 93.679 82.768 79.153 51.600 51.600 51.600 12,459.28 1,820.90 6,094.76 6,862.80 1,135.20 3,973.20 (5,596.48) (685.70) (2,121.56) LT LT LT 11/1/16 34.000 65.864 51.600 2,239.39 1,754.40 (484.99)ST Total 266.000 22,614.33 13,725.60 (8,403.74) (484.99) LT ST 638.00 4.64 Next Dividend Payable 06/16/17; Asset Class: Equities M&T BANK CORP (MTB) 2/18/16 126.000 105.995 156.470 13,355.42 19,715.22 6,359.80 LT 378.00 1.91 Next Dividend Payable 06/30/17; Asset Class: Equities MC DONALDS CORP (MCD) 4/26/17 53.000 140.734 150.890 7,458.91 7,997.17 538.26 ST 199.00 2.48 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 65.110 65.110 34,598.40 3,297.84 41,605.29 4,297.26 7,006.89 999.42 LT LT Total 705.000 37,896.24 45,902.55 8,006.31 LT 1,325.00 2.88 Next Dividend Payable 07/2017; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 8 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 56 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % METLIFE INCORPORATED (MET) 3/26/15 12/2/15 2/16/16 420.000 42.000 36.000 50.812 50.830 38.167 50.590 50.590 50.590 21,341.17 2,134.86 1,374.01 21,247.80 2,124.78 1,821.24 (93.37) (10.08) 447.23 LT LT LT 4/26/16 149.000 46.574 50.590 6,939.56 7,537.91 598.35 LT 8/3/16 160.000 43.474 50.590 6,955.86 8,094.40 1,138.54 ST Total 807.000 38,745.46 40,826.13 942.13 1,138.54 LT ST 1,291.00 3.16 Next Dividend Payable 06/13/17; 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 69.840 69.840 69.840 24,344.36 2,440.67 6,826.14 31,567.68 3,352.32 9,009.36 7,223.32 911.65 2,183.22 LT LT LT 4/22/16 78.000 51.277 69.840 3,999.62 5,447.52 1,447.90 LT Total 707.000 37,610.79 49,376.88 11,766.09 LT 1,103.00 2.23 Next Dividend Payable 06/08/17; 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 94.790 94.790 94.790 4,764.73 5,137.89 4,221.72 5,308.24 5,308.24 3,886.39 543.51 170.35 (335.33) LT LT ST 5/10/17 42.000 92.762 94.790 3,896.02 3,981.18 85.16 ST Total 195.000 18,020.36 18,484.05 713.86 (250.17) LT ST 320.00 1.73 Next Dividend Payable 06/15/17; 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 46.590 46.590 46.590 14,645.27 3,398.89 1,000.41 15,654.24 3,634.02 1,211.34 1,008.97 235.13 210.93 LT LT LT R R R 5/2/16 62.000 43.590 46.590 2,702.61 2,888.58 185.97 LT R Total 502.000 21,747.18 23,388.18 1,641.00 LT 382.00 1.63 Next Dividend Payable 07/2017; Asset Class: Equities NEXTERA ENERGY INC (NEE) 11/9/15 2/16/16 90.000 53.000 98.693 111.972 141.440 141.440 8,882.37 5,934.49 12,729.60 7,496.32 3,847.23 1,561.83 LT LT Total 143.000 14,816.86 20,225.92 5,409.06 LT 562.00 2.77 Next Dividend Payable 06/15/17; Asset Class: Equities NISOURCE INC (NI) 11/9/15 2/16/16 498.000 71.000 18.870 21.180 26.070 26.070 9,397.26 1,503.78 12,982.86 1,850.97 3,585.60 347.19 LT LT Total 569.000 10,901.04 14,833.83 3,932.79 LT 398.00 2.68 Next Dividend Payable 08/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 57 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % NORFOLK SOUTHERN CORP (NSC) 9/28/15 11/16/15 43.000 107.000 75.028 87.720 124.030 124.030 3,226.20 9,386.04 5,333.29 13,271.21 2,107.09 3,885.17 LT LT Total 150.000 12,612.24 18,604.50 5,992.26 LT 366.00 1.96 Next Dividend Payable 06/10/17; Asset Class: Equities NORTHERN TRUST CORP (NTRS) 11/9/15 2/16/16 242.000 21.000 73.857 58.690 87.440 87.440 17,873.37 1,232.49 21,160.48 1,836.24 3,287.11 603.75 LT LT Total 263.000 19,105.86 22,996.72 3,890.86 LT 400.00 1.73 Next Dividend Payable 07/01/17; Asset Class: Equities OCCIDENTAL PETROLEUM CORP DE (OXY) 11/9/15 11/16/15 2/16/16 438.000 73.000 60.000 75.174 74.307 67.715 58.930 58.930 58.930 32,926.40 5,424.38 4,062.89 25,811.34 4,301.89 3,535.80 (7,115.06) (1,122.49) (527.09) LT LT LT 5/2/16 38.000 76.220 58.930 2,896.37 2,239.34 (657.03)LT 11/18/16 39.000 68.690 58.930 2,678.91 2,298.27 (380.64)ST 2/2/17 43.000 68.830 58.930 2,959.69 2,533.99 (425.70)ST 5/5/17 118.000 59.879 58.930 7,065.67 6,953.74 (111.93)ST Total 809.000 58,014.31 47,674.37 (9,421.67) (918.27) LT ST 2,459.00 5.15 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 98.470 101.232 103.767 116.870 116.870 116.870 5,908.20 6,276.38 3,735.61 7,012.20 7,245.94 4,207.32 1,104.00 969.56 471.71 LT LT ST Total 158.000 15,920.19 18,465.46 2,073.56 471.71 LT ST 509.00 2.75 Next Dividend Payable 06/30/17; 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 32.650 32.650 32.650 35,249.76 4,300.02 3,035.67 35,131.40 4,734.25 2,971.15 (118.36) 434.23 (64.52) LT LT LT Total 1,312.000 42,585.45 42,836.80 251.35 LT 1,679.00 3.91 Next Dividend Payable 06/01/17; Asset Class: Equities PHILIP MORRIS INTL INC (PM) 11/9/15 2/16/16 114.000 24.000 85.028 89.898 119.800 119.800 9,693.23 2,157.54 13,657.20 2,875.20 3,963.97 717.66 LT LT Total 138.000 11,850.77 16,532.40 4,681.63 LT 574.00 3.47 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 84.041 117.692 118.700 118.700 118.700 39,268.89 2,857.39 6,119.97 49,497.90 4,035.80 6,172.40 10,229.01 1,178.41 52.43 LT LT ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 3 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 58 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 503.000 48,246.25 59,706.10 11,407.42 52.43 LT ST 1,107.00 1.85 Next Dividend Payable 08/2017; Asset Class: Equities PPG INDUSTRIES INC (PPG) 11/9/15 12/2/15 2/16/16 101.000 27.000 41.000 101.538 105.605 93.488 106.360 106.360 106.360 10,255.36 2,851.34 3,833.01 10,742.36 2,871.72 4,360.76 487.00 20.38 527.75 LT LT LT 8/2/16 29.000 103.710 106.360 3,007.58 3,084.44 76.86 ST 5/1/17 28.000 109.781 106.360 3,073.87 2,978.08 (95.79)ST Total 226.000 23,021.16 24,037.36 1,035.13 (18.93) LT ST 362.00 1.50 Next Dividend Payable 06/12/17; Asset Class: Equities PRAXAIR INC (PX) 11/18/15 12/2/15 2/16/16 40.000 15.000 11.000 114.306 110.562 104.072 132.290 132.290 132.290 4,572.26 1,658.43 1,144.79 5,291.60 1,984.35 1,455.19 719.34 325.92 310.40 LT LT LT 5/2/16 25.000 118.124 132.290 2,953.11 3,307.25 354.14 LT 7/1/16 40.000 113.226 132.290 4,529.05 5,291.60 762.55 ST Total 131.000 14,857.64 17,329.99 1,709.80 762.55 LT ST 413.00 2.38 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 88.090 88.090 3,313.20 2,438.32 3,875.96 2,642.70 562.76 204.38 LT LT Total 74.000 5,751.52 6,518.66 767.14 LT 204.00 3.12 Next Dividend Payable 08/2017; Asset Class: Equities PROGRESSIVE CORP OHIO (PGR) 11/9/15 3/13/17 210.000 23.000 31.398 39.600 42.430 42.430 6,593.64 910.80 8,910.30 975.89 2,316.66 65.09 LT ST Total 233.000 7,504.44 9,886.19 2,316.66 65.09 LT ST 159.00 1.60 Next Dividend Payable 02/2018; Asset Class: Equities PRUDENTIAL FINANCIAL INC (PRU) 11/9/15 2/16/16 6/30/16 181.000 16.000 43.000 85.905 63.569 69.758 104.850 104.850 104.850 15,548.82 1,017.10 2,999.60 18,977.85 1,677.60 4,508.55 3,429.03 660.50 1,508.95 LT LT ST Total 240.000 19,565.52 25,164.00 4,089.53 1,508.95 LT ST 720.00 2.86 Next Dividend Payable 06/15/17; Asset Class: Equities QUALCOMM INC (QCOM) 9/8/15 1/23/17 201.000 96.000 55.087 55.558 57.270 57.270 11,072.43 5,333.54 11,511.27 5,497.92 438.84 164.38 LT ST Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 59 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 297.000 16,405.97 17,009.19 438.84 164.38 LT ST 677.00 3.98 Next Dividend Payable 06/21/17; 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 54.230 54.230 54.230 5,421.74 1,843.82 4,421.75 6,453.37 2,114.97 4,718.01 1,031.63 271.15 296.26 LT LT ST Total 245.000 11,687.31 13,286.35 1,302.78 296.26 LT ST 294.00 2.21 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 63.610 63.610 63.610 12,942.81 1,354.71 5,465.28 18,892.17 1,908.30 7,569.59 5,949.36 553.59 2,104.31 LT LT LT 9/16/16 44.000 50.060 63.610 2,202.62 2,798.84 596.22 ST 10/5/16 46.000 50.082 63.610 2,303.78 2,926.06 622.28 ST Total 536.000 24,269.20 34,094.96 8,607.26 1,218.50 LT ST 686.00 2.01 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 67.250 67.250 67.250 4,131.65 4,280.74 107.57 5,649.00 5,850.75 134.50 1,517.35 1,570.01 26.93 LT ST ST Total 173.000 8,519.96 11,634.25 1,517.35 1,596.94 LT ST 353.00 3.03 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 87.584 142.810 142.810 3,459.38 963.42 5,141.16 1,570.91 1,681.78 607.49 LT LT Total 47.000 4,422.80 6,712.07 2,289.27 LT 77.00 1.14 Next Dividend Payable 06/12/17; Asset Class: Equities SCHLUMBERGER LTD (SLB) 11/9/15 12/22/15 5/10/16 94.000 57.000 60.000 78.020 69.491 73.758 69.590 69.590 69.590 7,333.88 3,960.96 4,425.46 6,541.46 3,966.63 4,175.40 (792.42) 5.67 (250.06) LT LT LT 8/30/16 38.000 81.296 69.590 3,089.24 2,644.42 (444.82)ST 11/7/16 85.000 79.150 69.590 6,727.75 5,915.15 (812.60)ST Total 334.000 25,537.29 23,243.06 (1,036.81) (1,257.42) LT ST 668.00 2.87 Next Dividend Payable 07/14/17; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 60 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SIMON PPTY GROUP INC (SPG) 11/9/15 2/16/16 5/13/16 103.000 13.000 20.000 190.056 185.824 196.291 154.250 154.250 154.250 19,575.76 2,415.71 3,925.81 15,887.75 2,005.25 3,085.00 (3,688.01) (410.46) (840.81) LT LT LT Total 136.000 25,917.28 20,978.00 (4,939.28)LT 925.00 4.40 Next Dividend Payable 08/2017; Asset Class: Alt SNAP-ON INC (SNA) 11/9/15 30.000 169.053 161.660 5,071.58 4,849.80 (221.78)LT 85.00 1.75 Next Dividend Payable 06/09/17; 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 93.440 113.557 137.640 137.640 137.640 5,485.00 3,270.40 2,044.03 8,120.76 4,817.40 2,477.52 2,635.76 1,547.00 433.49 LT LT ST 5/1/17 20.000 136.363 137.640 2,727.25 2,752.80 25.55 ST Total 132.000 13,526.68 18,168.48 4,182.76 459.04 LT ST 306.00 1.68 Next Dividend Payable 06/2017; Asset Class: Equities T ROWE PRICE GROUP INC (TROW) 11/17/15 306.000 75.381 70.440 23,066.68 21,554.64 (1,512.04)LT 698.00 3.23 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 82.490 82.490 82.490 22,469.47 1,790.78 2,828.28 32,501.06 2,804.66 4,042.01 10,031.59 1,013.88 1,213.73 LT LT LT Total 477.000 27,088.53 39,347.73 12,259.20 LT 954.00 2.42 Next Dividend Payable 08/2017; Asset Class: Equities TIFFANY & COMPANY NEW (TIF) 11/9/15 113.000 79.957 86.960 9,035.18 9,826.48 791.30 LT 226.00 2.29 Next Dividend Payable 07/2017; Asset Class: Equities TIME WARNER INC NEW (TWX) 11/9/15 161.000 68.505 99.490 11,029.30 16,017.89 4,988.59 LT 259.00 1.61 Next Dividend Payable 06/15/17; Asset Class: Equities TRAVELERS COMPANIES INC COM (TRV) 11/9/15 12/2/15 2/16/16 304.000 25.000 34.000 112.610 114.880 107.191 124.850 124.850 124.850 34,233.41 2,872.00 3,644.51 37,954.40 3,121.25 4,244.90 3,720.99 249.25 600.39 LT LT LT Total 363.000 40,749.92 45,320.55 4,570.63 LT 1,045.00 2.30 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 50.890 50.890 50.890 19,443.69 1,576.65 4,101.18 22,951.39 1,984.71 4,071.20 3,507.70 408.06 (29.98) LT LT ST Total 570.000 25,121.52 29,007.30 3,915.76 (29.98) LT ST 638.00 2.19 Next Dividend Payable 07/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 61 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % UNION PACIFIC CORP (UNP) 11/9/15 11/18/16 12/1/16 152.000 23.000 35.000 86.780 99.917 103.535 110.300 110.300 110.300 13,190.56 2,298.10 3,623.71 16,765.60 2,536.90 3,860.50 3,575.04 238.80 236.79 LT ST ST 3/1/17 28.000 110.375 110.300 3,090.50 3,088.40 (2.10)ST 5/1/17 22.000 112.187 110.300 2,468.11 2,426.60 (41.51)ST Total 260.000 24,670.98 28,678.00 3,575.04 431.98 LT ST 629.00 2.19 Next Dividend Payable 06/30/17; 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 53.800 53.800 53.800 7,331.46 4,980.83 3,248.04 5,864.20 4,465.40 2,743.80 (1,467.26) (515.43) (504.24) LT LT LT Total 243.000 15,560.33 13,073.40 (2,486.93)LT 408.00 3.12 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 61.470 61.470 61.470 5,556.60 2,015.76 4,364.31 6,024.06 2,274.39 4,917.60 467.46 258.63 553.29 LT ST ST 11/30/16 40.000 62.110 61.470 2,484.38 2,458.80 (25.58)ST 2/2/17 38.000 65.630 61.470 2,493.94 2,335.86 (158.08)ST Total 293.000 16,914.99 18,010.71 467.46 628.26 LT ST 820.00 4.55 Next Dividend Payable 06/07/17; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/9/15 100.000 45.163 53.400 4,516.26 5,340.00 823.74 LT 152.00 2.84 Next Dividend Payable 06/2017; Asset Class: Equities VERIZON COMMUNICATIONS (VZ) 10/22/14 1/7/15 2/16/16 109.000 451.000 67.000 48.511 46.194 50.117 46.640 46.640 46.640 5,287.72 20,833.31 3,357.85 5,083.76 21,034.64 3,124.88 (203.96) 201.33 (232.97) LT LT LT 5/2/16 55.000 51.210 46.640 2,816.55 2,565.20 (251.35)LT 2/2/17 56.000 47.987 46.640 2,687.25 2,611.84 (75.41)ST Total 738.000 34,982.68 34,420.32 (486.95) (75.41) LT ST 1,705.00 4.95 Next Dividend Payable 08/2017; Asset Class: Equities WELLS FARGO & CO NEW (WFC) 11/9/15 2/16/16 4/22/16 1,082.000 155.000 61.000 55.310 48.336 50.555 51.140 51.140 51.140 59,845.53 7,492.02 3,083.87 55,333.48 7,926.70 3,119.54 (4,512.05) 434.68 35.67 LT LT LT Total 1,298.000 70,421.42 66,379.72 (4,041.70)LT 1,973.00 2.97 Next Dividend Payable 06/01/17; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 62 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % WESTROCK CO COM (WRK) 11/9/15 90.000 46.464 54.420 4,181.76 4,897.80 716.04 LT 144.00 2.94 Next Dividend Payable 08/2017; Asset Class: Equities WYNDHAM WORLDWIDE CORP (WYN) 11/9/15 12/2/15 55.000 26.000 80.528 76.296 100.990 100.990 4,429.01 1,983.69 5,554.45 2,625.74 1,125.44 642.05 LT LT Total 81.000 6,412.70 8,180.19 1,767.49 LT 188.00 2.29 Next Dividend Payable 06/09/17; Asset Class: Equities XCEL ENERGY INC (XEL) 11/9/15 2/16/16 436.000 62.000 34.903 38.607 47.910 47.910 15,217.53 2,393.63 20,888.76 2,970.42 5,671.23 576.79 LT LT Total 498.000 17,611.16 23,859.18 6,248.02 LT 717.00 3.00 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 99.21%$2,101,005.35 $2,409,067.59 $277,091.43 $30,970.81 LT ST $62,577.00 2.60% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $2,101,005.35 $2,428,291.47 $277,091.43 $30,970.81 LT ST $62,579.00 $0.00 2.58% TOTAL VALUE (includes accrued interest)100.00%$2,428,291.47 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 $19,223.88 —————— Stocks —$2,343,186.87 —$65,880.72 ——— TOTAL ALLOCATION OF ASSETS $19,223.88 $2,343,186.87 —$65,880.72 ——— Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 63 of 126 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/1 5/4 Sold L BRANDS INC COM ACTED AS AGENT 53.000 $51.7945 $2,745.05 5/1 5/4 Sold AUTOMATIC DATA PROCESSING INC ACTED AS AGENT 26.000 103.7377 2,697.12 5/1 5/4 Sold WYNDHAM WORLDWIDE CORP ACTED AS AGENT 27.000 95.8423 2,587.68 5/1 5/4 Sold KIMBERLY CLARK CORP ACTED AS AGENT 18.000 129.8873 2,337.91 5/1 5/4 Bought DU PONT EI DE NEMOURS & CO ACTED AS AGENT 41.000 79.8261 (3,272.87) 5/1 5/4 Bought PPG INDUSTRIES INC ACTED AS AGENT 28.000 109.7810 (3,073.87) 5/1 5/4 Bought STANLEY BLACK & DECKER INC ACTED AS AGENT 20.000 136.3627 (2,727.25) 5/1 5/4 Bought UNION PACIFIC CORP ACTED AS AGENT 22.000 112.1866 (2,468.11) 5/5 5/10 Sold EXXON MOBIL CORP ACTED AS AGENT 71.000 81.7898 5,806.95 5/5 5/10 Bought OCCIDENTAL PETROLEUM CORP DE ACTED AS AGENT 118.000 59.8786 (7,065.67) 5/10 5/15 Bought MOLSON COORS BREWING CO CL B ACTED AS AGENT 42.000 92.7624 (3,896.02) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(6,329.08) TOTAL PURCHASES $(22,503.79) TOTAL SALES AND REDEMPTIONS $16,174.71 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) 5/1 Qualified Dividend VERIZON COMMUNICATIONS $426.20 5/1 Qualified Dividend EDISON INTERNATIONAL 151.36 5/1 Qualified Dividend BRISTOL MYERS SQUIBB CO 141.96 5/5 Qualified Dividend PNC FINL SVCS GP 276.65 5/5 Qualified Dividend GENL DYNAMICS CORP 152.04 5/15 Qualified Dividend TEXAS INSTRUMENTS 238.50 5/15 Qualified Dividend ACCENTURE PLC IRELAND CL A 123.42 5/15 Qualified Dividend ABBOTT LABORATORIES 111.04 5/15 Qualified Dividend PROCTER & GAMBLE 51.03 5/15 Qualified Dividend ABBVIE INC COM 37.76 5/15 Qualified Dividend WESTROCK CO COM 36.00 5/18 Qualified Dividend APPLE INC 247.59 5/19 Qualified Dividend NISOURCE INC 99.58 5/19 Qualified Dividend AMERIPRISE FINCL INC 66.40 5/23 Dividend HCP INCORPORATED 116.92 5/25 Qualified Dividend CAPITAL ONE FINANCIAL CORP 114.00 5/25 Qualified Dividend DISCOVER FINCL SVCS 81.30 5/31 Dividend SIMON PPTY GROUP INC 238.00 5/31 Qualified Dividend CMS ENERGY CP 143.64 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 2 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 64 of 126 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/01-05/31) 0.18 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $2,853.57 TOTAL QUALIFIED DIVIDENDS $2,498.47 TOTAL OTHER DIVIDENDS $354.92 TOTAL INTEREST $0.18 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/1 Automatic Investment BANK DEPOSIT PROGRAM $4,230.05 5/4 Automatic Redemption BANK DEPOSIT PROGRAM (1,174.34) 5/5 Automatic Investment BANK DEPOSIT PROGRAM 428.69 5/10 Automatic Redemption BANK DEPOSIT PROGRAM (1,258.72) 5/15 Automatic Redemption BANK DEPOSIT PROGRAM (3,298.27) 5/18 Automatic Investment BANK DEPOSIT PROGRAM 247.59 5/19 Automatic Investment BANK DEPOSIT PROGRAM 165.98 5/23 Automatic Investment BANK DEPOSIT PROGRAM 116.92 5/25 Automatic Investment BANK DEPOSIT PROGRAM 195.30 5/31 Automatic Investment BANK DEPOSIT PROGRAM 381.64 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.18 NET ACTIVITY FOR PERIOD $35.02 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 AUTOMATIC DATA PROCESSING INC 11/09/15 05/01/17 26.000 $2,697.12 $2,246.22 $450.90 EXXON MOBIL CORP 11/09/15 05/05/17 71.000 5,806.95 5,826.11 (19.16) KIMBERLY CLARK CORP 11/09/15 05/01/17 18.000 2,337.91 2,119.70 218.21 L BRANDS INC COM 11/09/15 05/01/17 53.000 2,745.05 4,964.98 (2,219.93) WYNDHAM WORLDWIDE CORP 11/09/15 05/01/17 27.000 2,587.68 2,174.24 413.44 Long-Term This Period $16,174.71 $17,331.25 $(1,156.54) Long-Term Year to Date $76,579.04 $71,378.70 $5,200.34 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 65 of 126 LONG-TERM GAIN/(LOSS) (CONTINUED) Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss) Net Realized Gain/(Loss) This Period $16,174.71 $17,331.25 $(1,156.54) Net Realized Gain/(Loss) Year to Date $89,239.21 $83,044.12 $6,195.09 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 Tax Information Related To Your International Securities Holdings You may be eligible to benefit from a reduction of the amount of foreign taxes you pay on dividends on international securities in your account. These taxes are withheld by foreign tax authorities. Contact your Financial Advisor to determine qualification eligibility and requirements. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 3 This page intentionally left blank Page 66 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $1,551,148.86 $1,526,578.62 Credits —— Debits —(4,948.83) Security Transfers —— Net Credits/Debits/Transfers —$(4,948.83) Change in Value (13,196.71)16,322.36 TOTAL ENDING VALUE $1,537,952.15 $1,537,952.15 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 700 900 1,100 1,300 1,500 1,700 ($ ) 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 67 of 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds Alternatives Market Value Percentage Cash $34,005.94 2.21 Equities 1,391,242.89 90.46 Fixed Income & Preferreds 8,691.30 0.57 Alternatives 104,012.02 6.76 TOTAL VALUE $1,537,952.15 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 4 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 68 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $41,278.00 $43,792.73 Stocks 1,500,683.66 1,495,254.91 ETFs & CEFs 9,187.20 8,691.30 Net Unsettled Purchases/Sales —(9,786.79) Total Assets $1,551,148.86 $1,537,952.15 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,551,148.86 $1,537,952.15 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $41,278.00 $83,290.74 Purchases (51,765.11)(240,136.51) Sales and Redemptions 43,645.75 185,629.46 Net Unsettled Purch/Sales 9,786.79 9,786.79 Income and Distributions 847.30 10,171.08 Total Investment Related Activity $2,514.73 $(34,549.18) Other Debits —(4,948.83) Total Cash Related Activity —$(4,948.83) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $43,792.73 $43,792.73 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Qualified Dividends $755.10 $5,861.64 Other Dividends 91.84 4,307.34 Interest 0.36 2.10 Total Taxable Income And Distributions $847.30 $10,171.08 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $847.30 $10,171.08 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain $91.58 $6,548.22 $37,957.83 Short-Term (Loss)——(21,994.89) Total Short-Term $91.58 $6,548.22 $15,962.94 Long-Term Gain 8,237.64 31,253.09 239,830.00 Long-Term (Loss)(4,253.49)(8,088.97)(61,590.24) Total Long-Term $3,984.15 $23,164.12 $178,239.76 TOTAL GAIN/(LOSS)$4,075.73 $29,712.34 $194,202.70 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 May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Boston Partners - Smid Cap Value CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 69 of 126 † 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 #$43,792.73 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $43,792.73 $4.00 NET UNSETTLED PURCHASES/SALES $(9,786.79) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.21%$34,005.94 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. STOCKS COMMON STOCKS Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ABM INDUSTRIES INCORPORATED (ABM) 11/10/15 2/22/16 98.000 41.000 $28.575 31.774 $43.040 43.040 $2,800.36 1,302.75 $4,217.92 1,764.64 $1,417.56 461.89 LT LT Total 139.000 4,103.11 5,982.56 1,879.45 LT 95.00 1.58 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 70 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 08/2017; Asset Class: Equities ACCO BRANDS CORP (ACCO) 4/4/17 573.000 13.506 11.350 7,739.17 6,503.55 (1,235.62)ST —— Asset Class: Equities AECOM (ACM) 11/10/15 2/22/16 110.000 126.000 30.858 26.720 32.110 32.110 3,394.33 3,366.72 3,532.10 4,045.86 137.77 679.14 LT LT Total 236.000 6,761.05 7,577.96 816.91 LT —— Asset Class: Equities AEGION CORP COM (AEGN) 11/10/15 168.000 21.384 19.790 3,592.50 3,324.72 (267.78)LT —— Asset Class: Equities AES CORP (AES) 11/10/15 2/22/16 569.000 68.000 9.664 9.446 11.680 11.680 5,498.87 642.33 6,645.92 794.24 1,147.05 151.91 LT LT R R Total 637.000 6,141.20 7,440.16 1,298.96 LT 306.00 4.11 Next Dividend Payable 08/2017; Asset Class: Equities AGNC INVT CORP COM (AGNC) 11/10/15 2/22/16 3/13/17 213.000 28.000 37.000 17.420 17.718 19.260 20.790 20.790 20.790 3,710.40 496.10 712.62 4,428.27 582.12 769.23 717.87 86.02 56.61 LT LT ST R R Total 278.000 4,919.12 5,779.62 803.89 56.61 LT ST 600.00 10.38 Next Dividend Payable 06/08/17; 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 36.920 36.920 36.920 808.18 2,174.50 3,218.35 886.08 2,399.80 3,396.64 77.90 225.30 178.29 LT LT LT 2/22/16 249.000 28.390 36.920 7,069.11 9,193.08 2,123.97 LT 6/24/16 216.000 26.235 36.920 5,666.80 7,974.72 2,307.92 ST 7/21/16 1.000 29.740 36.920 29.74 36.92 7.18 ST 1/11/17 24.000 35.980 36.920 863.52 886.08 22.56 ST Total 671.000 19,830.20 24,773.32 2,605.46 2,337.66 LT ST 201.00 0.81 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 18.540 18.540 7,962.96 664.51 7,416.00 704.52 (546.96) 40.01 LT LT Total 438.000 8,627.47 8,120.52 (506.95)LT 140.00 1.72 Next Dividend Payable 08/2017; Asset Class: Equities AMC NETWORKS INC CL A (AMCX) 5/19/17 145.000 53.209 52.980 7,715.26 7,682.10 (33.16)ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 71 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % AMDOCS LIMITED ORD (DOX) 11/10/15 2/22/16 174.000 20.000 60.001 58.927 64.780 64.780 10,440.26 1,178.54 11,271.72 1,295.60 831.46 117.06 LT LT Total 194.000 11,618.80 12,567.32 948.52 LT 171.00 1.36 Next Dividend Payable 07/2017; Asset Class: Equities ANWORTH MORTGAGE ASSET CORP (ANH) 11/10/15 457.000 4.700 6.050 2,147.90 2,764.85 616.95 LT 274.00 9.91 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 13.230 13.230 8,025.64 737.85 8,401.05 1,005.48 375.41 267.63 LT LT Total 711.000 8,763.49 9,406.53 643.04 LT 768.00 8.16 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 75.590 75.590 75.590 16,470.42 1,772.62 1,187.19 21,240.79 2,343.29 1,360.62 4,770.37 570.67 173.43 LT LT ST Total 330.000 19,430.23 24,944.70 5,341.04 173.43 LT ST —— Asset Class: Equities ASSURANT INC (AIZ) 11/10/15 2/22/16 41.000 5.000 84.225 70.632 97.980 97.980 3,453.24 353.16 4,017.18 489.90 563.94 136.74 LT LT Total 46.000 3,806.40 4,507.08 700.68 LT 98.00 2.17 Next Dividend Payable 06/20/17; 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 39.060 39.060 39.060 7,025.02 725.92 1,337.22 9,608.76 1,171.80 1,328.04 2,583.74 445.88 (9.18) LT LT ST Total 310.000 9,088.16 12,108.60 3,029.62 (9.18) LT ST 177.00 1.46 Next Dividend Payable 08/2017; Asset Class: Equities ATHENE HOLDING LTD CLASS A (ATH) 3/29/17 93.000 49.679 49.280 4,620.12 4,583.04 (37.08)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 36.680 36.680 36.680 14,669.96 1,457.66 1,405.21 11,774.28 1,283.80 1,100.40 (2,895.68) (173.86) (304.81) LT LT ST Total 386.000 17,532.83 14,158.48 (3,069.54) (304.81) LT ST 278.00 1.96 Next Dividend Payable 06/2017; Asset Class: Equities AXIS CAPITAL HOLDINGS LTD (AXS) 11/10/15 2/22/16 46.000 28.000 55.520 53.607 65.580 65.580 2,553.92 1,500.99 3,016.68 1,836.24 462.76 335.25 LT LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 6 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 72 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 74.000 4,054.91 4,852.92 798.01 LT 112.00 2.30 Next Dividend Payable 07/2017; Asset Class: Equities BANKUNITED INC (BKU) 3/28/17 297.000 36.271 33.160 10,772.46 9,848.52 (923.94)ST 249.00 2.52 Next Dividend Payable 07/2017; Asset Class: Equities BELDEN INC (BDC) 11/10/15 49.000 63.248 71.000 3,099.15 3,479.00 379.85 LT 10.00 0.28 Next Dividend Payable 07/2017; Asset Class: Equities BERRY GLOBAL GROUP INC (BERY) 2/22/16 363.000 30.150 57.990 10,944.45 21,050.37 10,105.92 LT —— Asset Class: Equities BLACKSTONE MTG TRUST INC CL A (BXMT) 9/21/16 3/13/17 138.000 15.000 29.515 30.107 31.050 31.050 4,073.01 451.60 4,284.90 465.75 211.89 14.15 ST ST Total 153.000 4,524.61 4,750.65 226.04 ST 379.00 7.97 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 19.500 19.500 19.500 6,495.07 647.44 1,733.44 7,390.50 858.00 1,872.00 895.43 210.56 138.56 LT LT LT Total 519.000 8,875.95 10,120.50 1,244.55 LT —— Asset Class: Equities BOOZ ALLEN HAMILTON HLDG CL-A (BAH) 11/10/15 2/22/16 114.000 18.000 29.155 27.187 39.440 39.440 3,323.68 489.37 4,496.16 709.92 1,172.48 220.55 LT LT Total 132.000 3,813.05 5,206.08 1,393.03 LT 90.00 1.72 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 6.550 6.550 6.550 242.80 1,536.78 8,144.24 52.40 327.50 1,722.65 (190.40) (1,209.28) (6,421.59) LT LT LT H 2/22/16 13.000 15.377 6.550 199.90 85.15 (114.75)LT Total 334.000 10,123.72 2,187.70 (7,936.02)LT 94.00 4.29 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 12.630 12.630 7,681.53 735.75 9,043.08 947.25 1,361.55 211.50 LT LT Total 791.000 8,417.28 9,990.33 1,573.05 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 27.550 27.550 3,568.85 418.95 8,733.35 1,239.75 5,164.50 820.80 LT LT Total 362.000 3,987.80 9,973.10 5,985.30 LT 145.00 1.45 Next Dividend Payable 06/23/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 73 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BRUNSWICK CORP (BC) 10/28/16 94.000 43.116 55.260 4,052.89 5,194.44 1,141.55 ST 62.00 1.19 Next Dividend Payable 06/15/17; Asset Class: Equities CABOT CORP (CBT) 11/10/15 81.000 41.164 52.230 3,334.26 4,230.63 896.37 LT 102.00 2.41 Next Dividend Payable 06/09/17; Asset Class: Equities CARLISLE CO INC (CSL) 4/4/17 88.000 104.444 101.330 9,191.08 8,917.04 (274.04)ST 123.00 1.37 Next Dividend Payable 06/01/17; Asset Class: Equities CDW CORPORATION (CDW) 11/10/15 2/22/16 1/11/17 261.000 32.000 24.000 42.590 38.900 53.042 60.180 60.180 60.180 11,115.99 1,244.80 1,273.00 15,706.98 1,925.76 1,444.32 4,590.99 680.96 171.32 LT LT ST Total 317.000 13,633.79 19,077.06 5,271.95 171.32 LT ST 203.00 1.06 Next Dividend Payable 06/12/17; Asset Class: Equities CHATHAM LODGING TRUST COM (CLDT) 11/10/15 2/22/16 342.000 38.000 22.452 20.813 19.850 19.850 7,678.47 790.91 6,788.70 754.30 (889.77) (36.61) LT LT R R Total 380.000 8,469.38 7,543.00 (926.38)LT 502.00 6.65 Next Dividend Payable 06/2017; Asset Class: Alt CHEMED CORPORATION (CHE) 11/10/15 2/22/16 1/11/17 74.000 11.000 8.000 153.059 128.620 163.136 204.660 204.660 204.660 11,326.33 1,414.82 1,305.09 15,144.84 2,251.26 1,637.28 3,818.51 836.44 332.19 LT LT ST Total 93.000 14,046.24 19,033.38 4,654.95 332.19 LT ST 97.00 0.50 Next Dividend Payable 06/14/17; 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 13.300 13.300 13.300 5,767.01 388.70 8,650.30 4,389.00 478.80 7,647.50 (1,378.01) 90.10 (1,002.80) LT LT ST Total 941.000 14,806.01 12,515.30 (1,287.91) (1,002.80) LT ST 489.00 3.90 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 83.541 142.927 248.150 248.150 248.150 5,623.01 751.87 1,572.20 22,085.35 2,233.35 2,729.65 16,462.34 1,481.48 1,157.45 LT LT ST Total 109.000 7,947.08 27,048.35 17,943.82 1,157.45 LT ST —— Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 7 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 74 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 14.130 14.130 14.130 8,629.29 769.73 1,053.10 8,379.09 974.97 1,243.44 (250.20) 205.24 190.34 LT LT LT Total 750.000 10,452.12 10,597.50 145.38 LT 810.00 7.64 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 36.710 36.710 3,041.43 315.15 3,157.06 403.81 115.63 88.66 LT LT Total 97.000 3,356.58 3,560.87 204.29 LT 85.00 2.38 Next Dividend Payable 08/2017; Asset Class: Equities COMMSCOPE HOLDING COMPANY INC (COMM) 9/16/16 11/11/16 223.000 94.000 30.384 33.030 36.990 36.990 6,775.63 3,104.85 8,248.77 3,477.06 1,473.14 372.21 ST ST Total 317.000 9,880.48 11,725.83 1,845.35 ST —— Asset Class: Equities CONVERGYS CORPORATION (CVG) 11/10/15 2/22/16 158.000 19.000 25.777 24.877 24.310 24.310 4,072.69 472.67 3,840.98 461.89 (231.71) (10.78) LT LT Total 177.000 4,545.36 4,302.87 (242.49)LT 71.00 1.65 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 57.740 57.740 57.740 2,129.27 1,235.93 318.18 2,367.34 1,558.98 346.44 238.07 323.05 28.26 LT LT LT Total 74.000 3,683.38 4,272.76 589.38 LT —— Asset Class: Equities CURTISS WRIGHT CORP (CW) 11/10/15 2/22/16 24.000 56.000 68.210 66.786 90.030 90.030 1,637.04 3,740.02 2,160.72 5,041.68 523.68 1,301.66 LT LT Total 80.000 5,377.06 7,202.40 1,825.34 LT 42.00 0.58 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 8.430 8.430 10,797.50 1,296.91 12,602.85 1,475.25 1,805.35 178.34 LT LT R R Total 1,670.000 12,094.41 14,078.10 1,983.69 LT 1,670.00 11.86 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 92.760 92.760 92.760 1,595.96 305.63 1,102.10 1,947.96 371.04 1,298.64 352.00 65.41 196.54 LT LT LT 5/12/15 23.000 79.474 92.760 1,827.90 2,133.48 305.58 LT 5/12/15 23.000 79.459 92.760 1,827.56 2,133.48 305.92 LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 75 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 12/2/15 67.000 76.425 92.760 5,120.49 6,214.92 1,094.43 LT 2/22/16 18.000 73.410 92.760 1,321.38 1,669.68 348.30 LT 1/11/17 13.000 103.078 92.760 1,340.01 1,205.88 (134.13)ST Total 183.000 14,441.03 16,975.08 2,668.18 (134.13) LT ST —— Asset Class: Equities DICKS SPORTING GOODS INC (DKS) 3/7/17 5/16/17 99.000 91.000 47.810 41.065 41.130 41.130 4,733.19 3,736.87 4,071.87 3,742.83 (661.32) 5.96 ST ST Total 190.000 8,470.06 7,814.70 (655.36)ST 129.00 1.65 Next Dividend Payable 06/2017; Asset Class: Equities DRILL-QUIP INC (DRQ) 12/15/15 2/22/16 54.000 7.000 59.994 52.246 49.600 49.600 3,239.70 365.72 2,678.40 347.20 (561.30) (18.52) LT LT Total 61.000 3,605.42 3,025.60 (579.82)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 34.610 34.610 4,093.20 7,355.40 4,949.23 7,095.05 856.03 (260.35) ST ST Total 348.000 11,448.60 12,044.28 595.68 ST —— Asset Class: Equities EAST WEST BANCORP (EWBC) 2/22/16 9/21/16 175.000 123.000 29.860 35.957 54.730 54.730 5,225.50 4,422.71 9,577.75 6,731.79 4,352.25 2,309.08 LT ST Total 298.000 9,648.21 16,309.54 4,352.25 2,309.08 LT ST 238.00 1.45 Next Dividend Payable 08/2017; Asset Class: Equities ENERSYS (ENS) 11/10/15 2/22/16 3/14/17 91.000 16.000 46.000 64.216 47.821 75.543 74.060 74.060 74.060 5,843.67 765.14 3,474.98 6,739.46 1,184.96 3,406.76 895.79 419.82 (68.22) LT LT ST Total 153.000 10,083.79 11,331.18 1,315.61 (68.22) LT ST 107.00 0.94 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 54.610 54.610 8,149.66 776.43 5,242.56 600.71 (2,907.10) (175.72) LT LT Total 107.000 8,926.09 5,843.27 (3,082.82)LT —— Asset Class: Equities ESSENT GROUP LTD COM (ESNT) 11/10/15 2/22/16 4/29/16 283.000 25.000 45.000 24.534 19.405 20.019 36.270 36.270 36.270 6,943.01 485.13 900.87 10,264.41 906.75 1,632.15 3,321.40 421.62 731.28 LT LT LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 8 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 76 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 353.000 8,329.01 12,803.31 4,474.30 LT —— Asset Class: Equities EXTRACTION OIL & GAS LLC (XOG) 1/11/17 81.000 18.990 14.240 1,538.19 1,153.44 (384.75)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 45.800 45.800 4,165.70 1,648.23 4,854.80 1,969.40 689.10 321.17 ST ST Total 149.000 5,813.93 6,824.20 1,010.27 ST —— Asset Class: Equities FERRO CORP (FOE) 6/17/16 265.000 14.505 16.760 3,843.77 4,441.40 597.63 ST —— Asset Class: Equities FERROGLOBE PLC SHS (GSM) 11/10/15 2/22/16 192.000 5.000 11.070 7.558 10.540 10.540 2,125.44 37.79 2,023.68 52.70 (101.76) 14.91 LT LT Total 197.000 2,163.23 2,076.38 (86.85)LT 63.00 3.03 Asset Class: Equities FIDELITY NATIONAL FINANCIAL IN (FNF) 11/10/15 124.000 34.750 42.610 4,309.00 5,283.64 974.64 LT 124.00 2.34 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 13.950 13.950 1,059.25 69.37 1,325.25 97.65 266.00 28.28 LT LT Total 102.000 1,128.62 1,422.90 294.28 LT —— Asset Class: Equities FINISH LINE INC CL A (FINL) 11/10/15 2/22/16 362.000 37.000 18.426 18.677 14.110 14.110 6,670.25 691.06 5,107.82 522.07 (1,562.43) (168.99) LT LT Total 399.000 7,361.31 5,629.89 (1,731.42)LT 176.00 3.12 Next Dividend Payable 06/12/17; Asset Class: Equities FIRST AMERICAN FINL CORP (FAF) 11/10/15 2/22/16 7.000 152.000 38.095 37.350 43.520 43.520 266.67 5,677.20 304.64 6,615.04 37.97 937.84 LT LT Total 159.000 5,943.87 6,919.68 975.81 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 4.000 262.660 239.715 358.000 331.400 331.400 331.400 4,465.22 479.43 1,432.00 5,633.80 662.80 1,325.60 1,168.58 183.37 (106.40) LT LT ST Total 23.000 6,376.65 7,622.20 1,351.95 (106.40) LT ST 28.00 0.36 Next Dividend Payable 07/2017; Asset Class: Equities FIRST MIDW BNCP DELA (FMBI) 3/28/17 199.000 23.156 22.160 4,608.12 4,409.84 (198.28)ST 80.00 1.81 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 77 of 126 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 FIRST SOLAR, INC. (FSLR) 9/15/16 3/13/17 115.000 14.000 35.184 32.490 38.510 38.510 4,046.11 454.86 4,428.65 539.14 382.54 84.28 ST ST Total 129.000 4,500.97 4,967.79 466.82 ST —— Asset Class: Equities FIRSTCASH INC (FCFS) 11/10/15 2/22/16 3/7/17 181.000 21.000 86.000 39.054 40.991 43.800 53.650 53.650 53.650 7,068.85 860.82 3,766.80 9,710.65 1,126.65 4,613.90 2,641.80 265.83 847.10 LT LT ST 3/30/17 35.000 47.874 53.650 1,675.60 1,877.75 202.15 ST Total 323.000 13,372.07 17,328.95 2,907.63 1,049.25 LT ST 245.00 1.41 Next Dividend Payable 08/2017; 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 17.260 17.260 17.260 9,318.59 973.70 1,384.73 13,928.82 1,570.66 1,639.70 4,610.23 596.96 254.97 LT LT ST Total 993.000 11,677.02 17,139.18 5,207.19 254.97 LT ST —— Asset Class: Equities FTD COS INC COM (FTD) 11/10/15 2/22/16 171.000 24.000 25.097 24.156 17.320 17.320 4,291.59 579.75 2,961.72 415.68 (1,329.87) (164.07) LT LT Total 195.000 4,871.34 3,377.40 (1,493.94)LT —— Asset Class: Equities FTI CONSULTING INC (FCN) 11/10/15 2/22/16 90.000 11.000 36.200 34.572 34.530 34.530 3,258.00 380.29 3,107.70 379.83 (150.30) (0.46) LT LT Total 101.000 3,638.29 3,487.53 (150.76)LT —— Asset Class: Equities GARDNER DENVER HOLDINGS, INC (GDI) 5/23/17 332.000 23.443 22.930 7,782.98 7,612.76 (170.22)ST —— Asset Class: Equities GRANITE CONSTR INC (GVA) 11/10/15 2/22/16 102.000 20.000 38.008 39.125 46.860 46.860 3,876.85 782.49 4,779.72 937.20 902.87 154.71 LT LT Total 122.000 4,659.34 5,716.92 1,057.58 LT 63.00 1.10 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 13.510 13.510 9,256.15 4,071.86 9,146.27 4,769.03 (109.88) 697.17 LT LT Total 1,030.000 13,328.01 13,915.30 587.29 LT 309.00 2.22 Next Dividend Payable 07/2017; Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 4 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 78 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % GROUP I AUTOMOTIVE INC (GPI) 11/10/15 2/22/16 59.000 7.000 85.275 53.011 60.150 60.150 5,031.25 371.08 3,548.85 421.05 (1,482.40) 49.97 LT LT Total 66.000 5,402.33 3,969.90 (1,432.43)LT 63.00 1.58 Next Dividend Payable 06/15/17; Asset Class: Equities GULFPORT ENERGY CORP NEW (GPOR) 9/30/16 247.000 27.976 14.350 6,910.00 3,544.45 (3,365.55)ST —— Asset Class: Equities HANMI FINANCIAL CORP NEW (HAFC) 8/29/16 9/21/16 159.000 47.000 26.158 26.286 26.600 26.600 4,159.20 1,235.44 4,229.40 1,250.20 70.20 14.76 ST ST Total 206.000 5,394.64 5,479.60 84.96 ST 157.00 2.86 Next Dividend Payable 08/2017; 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 83.390 83.390 83.390 4,372.34 587.97 10,163.97 4,252.89 583.73 9,339.68 (119.45) (4.24) (824.29) LT LT ST Total 170.000 15,124.28 14,176.30 (123.69) (824.29) LT ST 340.00 2.39 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 21.550 21.550 21.550 5,023.26 617.04 543.07 3,749.70 581.85 474.10 (1,273.56) (35.19) (68.97) LT LT ST Total 223.000 6,183.37 4,805.65 (1,308.75) (68.97) LT ST 116.00 2.41 Next Dividend Payable 08/2017; Asset Class: Equities HILLENBRAND INC (HI) 11/10/15 128.000 30.455 35.700 3,898.19 4,569.60 671.41 LT 105.00 2.29 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 8.000 127.644 134.625 168.720 195.810 195.810 195.810 2,297.59 1,480.87 1,349.76 3,524.58 2,153.91 1,566.48 1,226.99 673.04 216.72 LT LT ST Total 37.000 5,128.22 7,244.97 1,900.03 216.72 LT ST 89.00 1.22 Next Dividend Payable 06/09/17; Asset Class: Equities IAC INTERACTIVECORP COM (IAC) 11/10/15 2/22/16 85.000 76.000 65.260 45.430 106.340 106.340 5,547.10 3,452.68 9,038.90 8,081.84 3,491.80 4,629.16 LT LT Total 161.000 8,999.78 17,120.74 8,120.96 LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 79 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ICON PLC (ICLR) 11/10/15 2/22/16 6/24/16 28.000 23.000 110.000 69.835 69.313 67.399 94.100 94.100 94.100 1,955.37 1,594.21 7,413.84 2,634.80 2,164.30 10,351.00 679.43 570.09 2,937.16 LT LT ST Total 161.000 10,963.42 15,150.10 1,249.52 2,937.16 LT ST —— Asset Class: Equities INFINITY PPTY & CASUALTY (IPCC) 11/10/15 2/22/16 39.000 5.000 81.726 80.672 95.750 95.750 3,187.33 403.36 3,734.25 478.75 546.92 75.39 LT LT Total 44.000 3,590.69 4,213.00 622.31 LT 102.00 2.42 Next Dividend Payable 06/2017; Asset Class: Equities INSIGHT ENTERPRISES INC (NSIT) 11/10/15 103.000 26.693 41.540 2,749.39 4,278.62 1,529.23 LT —— Asset Class: Equities INTEGRA LIFESCIENCES CRP NEW (IART) 11/10/15 2/22/16 70.000 32.000 31.902 29.200 50.350 50.350 2,233.13 934.39 3,524.50 1,611.20 1,291.37 676.81 LT LT Total 102.000 3,167.52 5,135.70 1,968.18 LT —— Asset Class: Equities INVESTORS BANCORP INC NEW (ISBC) 11/10/15 2/22/16 449.000 47.000 12.750 11.640 13.230 13.230 5,724.75 547.08 5,940.27 621.81 215.52 74.73 LT LT Total 496.000 6,271.83 6,562.08 290.25 LT 159.00 2.42 Next Dividend Payable 08/2017; Asset Class: Equities JACOBS ENGINEERING GROUP INC (JEC) 5/5/16 82.000 45.879 52.420 3,762.04 4,298.44 536.40 LT 49.00 1.13 Next Dividend Payable 06/16/17; Asset Class: Equities JAGGED PEAK ENERGY INC COM (JAG) 1/30/17 761.000 14.441 13.010 10,989.75 9,900.61 (1,089.14)ST —— Asset Class: Equities JELD WEN HLD INC (JELD) 3/30/17 52.000 32.845 31.240 1,707.93 1,624.48 (83.45)ST —— Asset Class: Equities JONES LANG LASALLE INC (JLL) 10/28/16 11/28/16 41.000 33.000 97.778 100.016 115.470 115.470 4,008.91 3,300.52 4,734.27 3,810.51 725.36 509.99 ST ST Total 74.000 7,309.43 8,544.78 1,235.35 ST 52.00 0.60 Next Dividend Payable 06/15/17; 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 43.570 43.570 43.570 1,466.89 1,272.10 1,555.30 1,699.23 1,481.38 1,786.37 232.34 209.28 231.07 LT LT LT 11/5/15 73.000 37.757 43.570 2,756.29 3,180.61 424.32 LT 11/6/15 79.000 37.690 43.570 2,977.54 3,442.03 464.49 LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 80 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2/22/16 29.000 34.827 43.570 1,009.99 1,263.53 253.54 LT Total 295.000 11,038.11 12,853.15 1,815.04 LT 378.00 2.94 Next Dividend Payable 07/2017; Asset Class: Equities KOSMOS ENERGY LTD (KOS) 1/27/17 1,073.000 6.360 6.000 6,824.28 6,438.00 (386.28)ST —— Asset Class: Equities LA Z BOY INCORPORATED (LZB) 5/17/17 284.000 27.082 26.500 7,691.15 7,526.00 (165.15)ST 125.00 1.66 Next Dividend Payable 06/15/17; Asset Class: Equities LCI INDS (LCII) 11/10/15 2/22/16 7/21/16 203.000 31.000 17.000 58.887 60.481 89.891 89.000 89.000 89.000 11,953.96 1,874.90 1,528.14 18,067.00 2,759.00 1,513.00 6,113.04 884.10 (15.14) LT LT ST Total 251.000 15,357.00 22,339.00 6,997.14 (15.14) LT ST 502.00 2.24 Next Dividend Payable 06/02/17; 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 24.390 24.390 24.390 3,259.36 4,530.90 797.50 4,707.27 6,707.25 1,292.67 1,447.91 2,176.35 495.17 LT LT LT 1/11/17 59.000 23.660 24.390 1,395.94 1,439.01 43.07 ST Total 580.000 9,983.70 14,146.20 4,119.43 43.07 LT ST 145.00 1.02 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 60.800 60.800 5,582.35 385.55 4,742.40 364.80 (839.95) (20.75) LT LT Total 84.000 5,967.90 5,107.20 (860.70)LT —— Asset Class: Equities LIONS GATE ENTMNT CORP CL B (LGF'B) 12/12/16 146.000 26.100 25.290 3,810.60 3,692.34 (118.26)ST —— Asset Class: Equities LITHIA MOTORS INC A (LAD) 9/2/16 9/15/16 117.000 30.000 84.514 91.404 90.850 90.850 9,888.11 2,742.12 10,629.45 2,725.50 741.34 (16.62) ST ST Total 147.000 12,630.23 13,354.95 724.72 ST 159.00 1.19 Next Dividend Payable 08/2017; Asset Class: Equities LIVE NATION ENTERTAINMENT INC (LYV) 11/10/15 2/22/16 123.000 25.000 26.585 20.585 34.490 34.490 3,269.89 514.63 4,242.27 862.25 972.38 347.62 LT LT Total 148.000 3,784.52 5,104.52 1,320.00 LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 81 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MAIDEN HOLDINGS LTD SHS (MHLD) 11/10/15 2/22/16 1/11/17 1,172.000 128.000 63.000 15.200 13.629 17.975 10.550 10.550 10.550 17,814.05 1,744.46 1,132.43 12,364.60 1,350.40 664.65 (5,449.45) (394.06) (467.78) LT LT ST 3/14/17 200.000 14.860 10.550 2,971.98 2,110.00 (861.98)ST Total 1,563.000 23,662.92 16,489.65 (5,843.51) (1,329.76) LT ST 938.00 5.68 Next Dividend Payable 07/2017; Asset Class: Equities MANPOWERGROUP INC COM (MAN) 11/10/15 2/22/16 39.000 9.000 91.140 78.036 101.870 101.870 3,554.46 702.32 3,972.93 916.83 418.47 214.51 LT LT Total 48.000 4,256.78 4,889.76 632.98 LT 89.00 1.82 Next Dividend Payable 06/15/17; Asset Class: Equities MARVELL TECH GROUP LTD (MRVL) 4/5/17 715.000 15.129 17.240 10,817.24 12,326.60 1,509.36 ST 172.00 1.39 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 62.080 62.080 3,869.77 575.64 3,476.48 744.96 (393.29) 169.32 LT LT Total 68.000 4,445.41 4,221.44 (223.97)LT 12.00 0.28 Next Dividend Payable 08/2017; Asset Class: Equities MFA FINANCIAL INC (MFA) 11/10/15 2/22/16 1,352.000 168.000 6.827 6.690 8.320 8.320 9,230.51 1,123.92 11,248.64 1,397.76 2,018.13 273.84 LT LT Total 1,520.000 10,354.43 12,646.40 2,291.97 LT 1,216.00 9.61 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 71.950 71.950 6,823.08 4,328.12 8,058.40 6,259.65 1,235.32 1,931.53 LT LT Total 199.000 11,151.20 14,318.05 3,166.85 LT 40.00 0.27 Next Dividend Payable 06/09/17; Asset Class: Equities MTGE INVT CORP (MTGE) 11/10/15 2/22/16 166.000 23.000 14.885 13.437 18.250 18.250 2,470.99 309.06 3,029.50 419.75 558.51 110.69 LT LT Total 189.000 2,780.05 3,449.25 669.20 LT 340.00 9.85 Next Dividend Payable 07/2017; Asset Class: Alt NATIONAL GEN HLDGS CORP (NGHC) 3/17/17 330.000 23.494 21.960 7,752.86 7,246.80 (506.06)ST 53.00 0.73 Next Dividend Payable 07/2017; Asset Class: Equities NAVIENT CORP COM (NAVI) 11/10/15 12/2/15 2/22/16 459.000 220.000 550.000 12.687 11.920 10.349 14.430 14.430 14.430 5,823.24 2,622.44 5,691.79 6,623.37 3,174.60 7,936.50 800.13 552.16 2,244.71 LT LT LT 4/6/17 189.000 14.580 14.430 2,755.58 2,727.27 (28.31)ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 82 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 1,418.000 16,893.05 20,461.74 3,597.00 (28.31) LT ST 908.00 4.43 Next Dividend Payable 06/16/17; Asset Class: Equities NAVIGANT CONSULTING INC (NCI) 11/10/15 2/22/16 329.000 65.000 17.378 14.864 19.490 19.490 5,717.46 966.19 6,412.21 1,266.85 694.75 300.66 LT LT Total 394.000 6,683.65 7,679.06 995.41 LT —— Asset Class: Equities NELNET INC CL A (NNI) 6/24/16 196.000 32.477 39.310 6,365.45 7,704.76 1,339.31 ST 110.00 1.42 Next Dividend Payable 06/15/17; Asset Class: Equities NU SKIN ENTERPRISE INC A (NUS) 11/10/15 2/22/16 7/21/16 37.000 20.000 25.000 36.000 28.557 51.140 54.880 54.880 54.880 1,332.00 571.14 1,278.50 2,030.56 1,097.60 1,372.00 698.56 526.46 93.50 LT LT ST Total 82.000 3,181.64 4,500.16 1,225.02 93.50 LT ST 118.00 2.62 Next Dividend Payable 06/14/17; Asset Class: Equities OFFICE DEPOT (ODP) 5/11/16 1,031.000 3.708 5.110 3,823.36 5,268.41 1,445.05 LT 103.00 1.95 Next Dividend Payable 06/15/17; Asset Class: Equities OLIN CORPORATION (OLN) 1/8/16 2/22/16 219.000 22.000 17.008 15.450 29.340 29.340 3,724.78 339.90 6,425.46 645.48 2,700.68 305.58 LT LT Total 241.000 4,064.68 7,070.94 3,006.26 LT 193.00 2.72 Next Dividend Payable 06/09/17; Asset Class: Equities ON ASSIGNMENT INC (ASGN) 11/2/16 5/26/17 115.000 91.000 34.531 52.475 52.400 52.400 3,971.07 4,775.23 6,026.00 4,768.40 2,054.93 (6.83) ST ST Total 206.000 8,746.30 10,794.40 2,048.10 ST —— Asset Class: Equities ON SEMICONDUCTOR CORP (ON) 11/10/15 2/22/16 6/24/16 1,056.000 79.000 439.000 11.259 7.960 9.016 15.480 15.480 15.480 11,889.82 628.84 3,957.85 16,346.88 1,222.92 6,795.72 4,457.06 594.08 2,837.87 LT LT ST 1/11/17 99.000 13.475 15.480 1,334.03 1,532.52 198.49 ST Total 1,673.000 17,810.54 25,898.04 5,051.14 3,036.36 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 31.880 31.880 31.880 2,895.35 395.34 436.38 2,518.52 318.80 382.56 (376.83) (76.54) (53.82) LT LT LT Total 101.000 3,727.07 3,219.88 (507.19)LT 104.00 3.22 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 83 of 126 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 PACKAGING CORP AMER (PKG) 11/10/15 43.000 65.900 102.160 2,833.70 4,392.88 1,559.18 LT 108.00 2.45 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 80.820 80.820 80.820 1,483.53 466.32 9,535.88 1,778.04 646.56 12,042.18 294.51 180.24 2,506.30 LT LT LT Total 179.000 11,485.73 14,466.78 2,981.05 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 29.650 29.650 29.650 8,469.82 3,985.38 1,463.72 13,490.75 6,226.50 2,549.90 5,020.93 2,241.12 1,086.18 LT LT LT 7/21/16 45.000 28.034 29.650 1,261.53 1,334.25 72.72 ST Total 796.000 15,180.45 23,601.40 8,348.23 72.72 LT ST —— Asset Class: Equities PHARMERICA CORP COM (PMC) 8/22/16 5/17/17 187.000 115.000 22.371 25.313 24.700 24.700 4,183.41 2,911.02 4,618.90 2,840.50 435.49 (70.52) ST ST Total 302.000 7,094.43 7,459.40 364.97 ST —— Asset Class: Equities POLYONE CORP (POL) 3/7/17 143.000 32.840 37.340 4,696.06 5,339.62 643.56 ST 77.00 1.44 Next Dividend Payable 07/2017; Asset Class: Equities PORTLAND GENERAL ELEC CO (POR) 3/15/17 105.000 44.611 47.340 4,684.12 4,970.70 286.58 ST 143.00 2.87 Next Dividend Payable 07/2017; Asset Class: Equities PRA GROUP INC (PRAA) 5/10/16 152.000 24.958 34.800 3,793.57 5,289.60 1,496.03 LT —— 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 10.000 10.000 10.000 4,205.55 190.52 7,589.81 2,650.00 170.00 4,320.00 (1,555.55) (20.52) (3,269.81) LT LT ST Total 714.000 11,985.88 7,140.00 (1,576.07) (3,269.81) LT ST —— Asset Class: Equities RADIAN GROUP INC (RDN) 11/10/15 2/22/16 657.000 69.000 14.417 10.987 16.060 16.060 9,472.23 758.09 10,551.42 1,108.14 1,079.19 350.05 LT LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 2 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 84 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 726.000 10,230.32 11,659.56 1,429.24 LT 7.00 0.06 Next Dividend Payable 06/05/17; 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 72.270 72.270 72.270 1,449.08 1,291.22 794.61 1,806.75 1,589.94 1,300.86 357.67 298.72 506.25 LT LT LT Total 65.000 3,534.91 4,697.55 1,162.64 LT 57.00 1.21 Next Dividend Payable 07/2017; Asset Class: Equities REALOGY HOLDINGS CORP (RLGY) 11/10/15 108.000 42.320 30.460 4,570.56 3,289.68 (1,280.88)LT 39.00 1.18 Next Dividend Payable 08/2017; Asset Class: Equities REINSURANCE GROUP OF AMERICA (RGA) 11/10/15 2/22/16 101.000 13.000 91.490 90.646 124.510 124.510 9,240.49 1,178.40 12,575.51 1,618.63 3,335.02 440.23 LT LT Total 114.000 10,418.89 14,194.14 3,775.25 LT 187.00 1.31 Next Dividend Payable 08/2017; 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 20.000 20.000 20.000 4,667.49 45.84 6,293.55 5,860.00 100.00 5,100.00 1,192.51 54.16 (1,193.55) LT LT ST Total 553.000 11,006.88 11,060.00 1,246.67 (1,193.55) LT ST —— Asset Class: Equities RPX CORPORATION COM (RPXC) 11/10/15 2/22/16 588.000 67.000 14.051 9.797 13.240 13.240 8,261.75 656.41 7,785.12 887.08 (476.63) 230.67 LT LT Total 655.000 8,918.16 8,672.20 (245.96)LT —— Asset Class: Equities RSP PERMIAN INC (RSPP) 11/10/15 2/22/16 5/17/17 148.000 11.000 105.000 28.170 21.260 40.880 35.590 35.590 35.590 4,169.16 233.86 4,292.38 5,267.32 391.49 3,736.95 1,098.16 157.63 (555.43) LT LT ST Total 264.000 8,695.40 9,395.76 1,255.79 (555.43) LT ST —— Asset Class: Equities SCHOLASTIC CP (SCHL) 5/20/16 100.000 37.305 42.530 3,730.48 4,253.00 522.52 LT 60.00 1.41 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 37.280 37.280 37.280 5,286.01 2,335.30 2,527.76 4,958.24 2,162.24 2,833.28 (327.77) (173.06) 305.52 LT LT LT Total 267.000 10,149.07 9,953.76 (195.31)LT 449.00 4.51 Next Dividend Payable 06/23/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 85 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % SCRIPPS NETWORKS INTERAC CL A (SNI) 6/24/16 107.000 60.301 66.220 6,452.20 7,085.54 633.34 ST 128.00 1.80 Next Dividend Payable 06/10/17; Asset Class: Equities SELECT MEDICAL HLDGS CP (SEM) 11/10/15 2/22/16 346.000 30.000 12.154 8.575 13.400 13.400 4,205.15 257.25 4,636.40 402.00 431.25 144.75 LT LT Total 376.000 4,462.40 5,038.40 576.00 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 31.880 31.880 31.880 4,102.91 399.62 739.20 4,941.40 541.96 765.12 838.49 142.34 25.92 LT LT ST Total 196.000 5,241.73 6,248.48 980.83 25.92 LT ST 118.00 1.88 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 25.520 25.520 787.02 5,023.17 893.20 6,711.76 106.18 1,688.59 ST ST Total 298.000 5,810.19 7,604.96 1,794.77 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 10.390 10.390 10.390 4,671.52 331.64 1,558.25 7,054.81 571.45 1,361.09 2,383.29 239.81 (197.16) LT LT ST Total 865.000 6,561.41 8,987.35 2,623.10 (197.16) LT ST —— Asset Class: Equities STARWOOD PROPERTY TRUST INC (STWD) 5/13/16 12/6/16 307.000 227.000 20.352 22.140 22.020 22.020 6,248.19 5,025.78 6,760.14 4,998.54 511.95 (27.24) LT ST Total 534.000 11,273.97 11,758.68 511.95 (27.24) LT ST 1,025.00 8.71 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 33.990 33.990 33.990 2,830.10 5,557.81 1,478.08 5,608.35 10,298.97 1,937.43 2,778.25 4,741.16 459.35 LT LT ST Total 525.000 9,865.99 17,844.75 7,519.41 459.35 LT ST 326.00 1.82 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 39.250 39.250 39.250 5,902.75 2,519.55 1,144.26 6,868.75 3,100.75 1,295.25 966.00 581.20 150.99 LT LT LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 3 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 86 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 287.000 9,566.56 11,264.75 1,698.19 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 42.630 42.630 42.630 8,898.98 1,309.07 1,865.53 11,041.17 1,662.57 2,046.24 2,142.19 353.50 180.71 LT ST ST Total 346.000 12,073.58 14,749.98 2,142.19 534.21 LT ST —— Asset Class: Equities SUNCOKE ENERGY INC COM (SXC) 3/23/17 5/17/17 526.000 419.000 9.018 8.276 8.740 8.740 4,743.26 3,467.64 4,597.24 3,662.06 (146.02) 194.42 ST ST Total 945.000 8,210.90 8,259.30 48.40 ST —— Asset Class: Equities SVB FNCL GRP (SIVB) 2/22/16 9/21/16 56.000 35.000 87.486 107.563 170.500 170.500 4,899.22 3,764.72 9,548.00 5,967.50 4,648.78 2,202.78 LT ST Total 91.000 8,663.94 15,515.50 4,648.78 2,202.78 LT ST —— Asset Class: Equities SYKES ENTERPRISES INC (SYKE) 11/10/15 2/22/16 171.000 22.000 31.328 29.862 33.330 33.330 5,357.16 656.96 5,699.43 733.26 342.27 76.30 LT LT Total 193.000 6,014.12 6,432.69 418.57 LT —— Asset Class: Equities SYNNEX CORP (SNX) 11/10/15 2/22/16 90.000 14.000 94.740 93.850 111.260 111.260 8,526.60 1,313.90 10,013.40 1,557.64 1,486.80 243.74 LT LT Total 104.000 9,840.50 11,571.04 1,730.54 LT 104.00 0.89 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 10.620 10.620 10.620 689.73 1,963.60 1,927.83 127.44 361.08 350.46 (562.29) (1,602.52) (1,577.37) LT LT LT 5/8/15 26.000 58.570 10.620 1,522.82 276.12 (1,246.70)LT 5/8/15 37.000 58.472 10.620 2,163.45 392.94 (1,770.51)LT 5/15/15 25.000 57.665 10.620 1,441.62 265.50 (1,176.12)LT 6/25/15 72.000 65.516 10.620 4,717.17 764.64 (3,952.53)LT 8/19/15 15.000 57.403 10.620 861.05 159.30 (701.75)LT 8/20/15 16.000 57.071 10.620 913.14 169.92 (743.22)LT 11/10/15 351.000 21.802 10.620 7,652.64 3,727.62 (3,925.02)LT 2/22/16 54.000 14.390 10.620 777.05 573.48 (203.57)LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 87 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 4/29/16 48.000 17.427 10.620 836.49 509.76 (326.73)LT Total 723.000 25,466.59 7,678.26 (17,788.33)LT 521.00 6.78 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 23.740 23.740 5,371.91 493.34 4,653.04 474.80 (718.87) (18.54) LT LT Total 216.000 5,865.25 5,127.84 (737.41)LT 60.00 1.17 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 42.550 42.550 12,513.70 870.68 18,466.70 1,361.60 5,953.00 490.92 LT LT Total 466.000 13,384.38 19,828.30 6,443.92 LT 196.00 0.98 Next Dividend Payable 10/2017; Asset Class: Equities TEMPUR-PEDIC INT'L INC (TPX) 10/17/16 79.000 51.869 46.440 4,097.68 3,668.76 (428.92)ST —— Asset Class: Equities TERADYNE INC (TER) 11/10/15 2/22/16 1/11/17 311.000 40.000 50.000 20.100 18.840 26.100 35.550 35.550 35.550 6,251.10 753.60 1,305.00 11,056.05 1,422.00 1,777.50 4,804.95 668.40 472.50 LT LT ST Total 401.000 8,309.70 14,255.55 5,473.35 472.50 LT ST 112.00 0.78 Next Dividend Payable 06/23/17; Asset Class: Equities TESORO PETROLEUM CP (TSO) 3/15/17 5/17/17 92.000 38.000 84.498 81.308 83.240 83.240 7,773.84 3,089.72 7,658.08 3,163.12 (115.76) 73.40 ST ST Total 130.000 10,863.56 10,821.20 (42.36)ST 286.00 2.64 Next Dividend Payable 06/15/17; Asset Class: Equities TETRA TECH INC (TTEK) 11/10/15 2/22/16 220.000 19.000 26.620 27.523 45.950 45.950 5,856.40 522.94 10,109.00 873.05 4,252.60 350.11 LT LT Total 239.000 6,379.34 10,982.05 4,602.71 LT 96.00 0.87 Next Dividend Payable 06/02/17; Asset Class: Equities TORCHMARK CORP (TMK) 11/10/15 2/22/16 46.000 14.000 59.604 52.397 75.500 75.500 2,741.77 733.56 3,473.00 1,057.00 731.23 323.44 LT LT Total 60.000 3,475.33 4,530.00 1,054.67 LT 36.00 0.79 Next Dividend Payable 08/2017; Asset Class: Equities TUTOR PERINI CORP COM (TPC) 11/10/15 2/22/16 140.000 5.000 15.976 13.078 25.950 25.950 2,236.68 65.39 3,633.00 129.75 1,396.32 64.36 LT LT Total 145.000 2,302.07 3,762.75 1,460.68 LT —— Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 4 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 88 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 9.980 9.980 9.980 10,813.25 1,281.00 5,719.00 12,924.10 1,676.64 6,636.70 2,110.85 395.64 917.70 LT LT ST Total 2,128.000 17,813.25 21,237.44 2,506.49 917.70 LT ST 2,128.00 10.02 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 66.400 66.400 66.400 2,929.08 825.05 5,450.13 3,519.20 996.00 6,573.60 590.12 170.95 1,123.47 LT LT ST Total 167.000 9,204.26 11,088.80 761.07 1,123.47 LT ST 361.00 3.25 Next Dividend Payable 08/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/10/15 2/22/16 7/21/16 82.000 46.000 20.000 45.200 45.134 48.890 53.400 53.400 53.400 3,706.40 2,076.18 977.80 4,378.80 2,456.40 1,068.00 672.40 380.22 90.20 LT LT ST Total 148.000 6,760.38 7,903.20 1,052.62 90.20 LT ST 225.00 2.84 Next Dividend Payable 06/2017; Asset Class: Equities VALVOLINE INC COM (VVV) 1/5/17 5/17/17 463.000 56.000 21.419 23.059 22.370 22.370 9,917.00 1,291.30 10,357.31 1,252.72 440.31 (38.58) ST ST Total 519.000 11,208.30 11,610.03 401.73 ST 102.00 0.87 Next Dividend Payable 06/15/17; Asset Class: Equities WALKER & DUNLOP INC (WD) 11/10/15 2/22/16 4/29/16 360.000 41.000 89.000 28.519 22.994 21.869 46.710 46.710 46.710 10,266.80 942.77 1,946.34 16,815.60 1,915.11 4,157.19 6,548.80 972.34 2,210.85 LT LT LT Total 490.000 13,155.91 22,887.90 9,731.99 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 61.150 61.150 61.150 1,661.16 3,495.66 7,063.07 2,079.10 4,463.95 9,845.15 417.94 968.29 2,782.08 LT LT LT Total 268.000 12,219.89 16,388.20 4,168.31 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 35.940 35.940 35.940 12,688.94 484.68 1,532.82 9,847.56 646.92 1,545.42 (2,841.38) 162.24 12.60 LT LT ST Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 89 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 335.000 14,706.44 12,039.90 (2,679.14) 12.60 LT ST 509.00 4.22 Asset Class: Equities WILDHORSE RESOURCE DEV CORP (WRD) 12/15/16 554.000 14.809 11.920 8,204.02 6,603.68 (1,600.34)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 35.340 35.340 35.340 16,163.22 1,797.48 4,104.24 12,581.04 1,378.26 3,958.08 (3,582.18) (419.22) (146.16) LT LT ST 3/14/17 209.000 36.766 35.340 7,684.05 7,386.06 (297.99)ST 5/26/17 139.000 36.054 35.340 5,011.56 4,912.26 (99.30)ST Total 855.000 34,760.55 30,215.70 (4,001.40) (543.45) LT ST 205.00 0.67 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.22%$1,301,652.84 $1,495,254.91 $177,899.97 $15,702.10 LT ST $25,070.00 1.68% 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 $16.650 16.650 16.650 $3,543.52 345.79 4,201.36 $3,779.55 449.55 4,462.20 $236.03 103.76 260.84 LT LT ST Total 522.000 8,090.67 8,691.30 339.79 260.84 LT ST 793.00 9.12 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 0.57%$8,090.67 $8,691.30 $339.79 260.84 LT ST $793.00 9.12% 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 90 of 126 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,309,743.51 $1,537,952.15 $178,239.76 $15,962.94 LT ST $25,867.00 $0.00 1.68% TOTAL VALUE (includes accrued interest)100.00%$1,537,952.15 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 $34,005.94 —————— Stocks —$1,391,242.89 —$104,012.02 ——— ETFs & CEFs ——$8,691.30 ———— TOTAL ALLOCATION OF ASSETS $34,005.94 $1,391,242.89 $8,691.30 $104,012.02 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/16 5/19 Sold VALIDUS HOLDINGS LTD COM ACTED AS AGENT 125.000 $53.0073 $6,625.76 5/16 5/19 Sold EXPRESS INC ACTED AS AGENT 358.000 7.9359 2,840.98 5/16 5/19 Bought DICKS SPORTING GOODS INC ACTED AS AGENT 91.000 41.0645 (3,736.87) 5/17 5/22 Sold AXIS CAPITAL HOLDINGS LTD ACTED AS AGENT 140.000 62.6721 8,773.89 5/17 5/22 Sold NU SKIN ENTERPRISE INC A ACTED AS AGENT 121.000 56.7557 6,867.29 5/17 5/22 Sold NATIONSTAR MORTGAGE HLDGS INC ACTED AS AGENT 303.000 16.9280 5,129.06 5/17 5/22 Sold KOSMOS ENERGY LTD ACTED AS AGENT 648.000 7.1429 4,628.49 5/17 5/22 Sold WALKER & DUNLOP INC ACTED AS AGENT 94.000 46.9920 4,417.15 5/17 5/22 Sold CHEMED CORPORATION ACTED AS AGENT 22.000 198.3286 4,363.13 5/17 5/22 Bought LA Z BOY INCORPORATED ACTED AS AGENT 284.000 27.0815 (7,691.15) 5/17 5/22 Bought RSP PERMIAN INC ACTED AS AGENT 105.000 40.8798 (4,292.38) 5/17 5/22 Bought SUNCOKE ENERGY INC COM ACTED AS AGENT 419.000 8.2760 (3,467.64) 5/17 5/22 Bought TESORO PETROLEUM CP ACTED AS AGENT 38.000 81.3085 (3,089.72) 5/17 5/22 Bought PHARMERICA CORP COM ACTED AS AGENT 115.000 25.3132 (2,911.02) Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 91 of 126 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/17 5/22 Bought VALVOLINE INC COM ACTED AS AGENT 56.000 23.0590 (1,291.30) 5/19 5/24 Bought AMC NETWORKS INC CL A ACTED AS AGENT 145.000 53.2087 (7,715.26) 5/23 5/26 Bought GARDNER DENVER HOLDINGS, INC ACTED AS AGENT 332.000 23.4427 (7,782.98) 5/26 6/1 Bought WORLD FUEL SERVICES CORP ACTED AS AGENT 139.000 36.0544 (5,011.56) 5/26 6/1 Bought ON ASSIGNMENT INC ACTED AS AGENT 91.000 52.4750 (4,775.23) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(8,119.36) TOTAL PURCHASES $(51,765.11) TOTAL SALES AND REDEMPTIONS $43,645.75 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) 5/26 6/1 Bought ON ASSIGNMENT INC UNSETTLED PURCHASE 91.000 $52.4750 $(4,775.23) 5/26 6/1 Bought WORLD FUEL SERVICES CORP UNSETTLED PURCHASE 139.000 36.0544 (5,011.56) NET UNSETTLED PURCHASES/SALES $(9,786.79) 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) 5/1 Qualified Dividend ABM INDUSTRIES INCORPORATED $23.63 5/1 Qualified Dividend TORCHMARK CORP 9.00 5/8 Qualified Dividend UNIVERSAL CP VA 90.18 5/8 Dividend AGNC INVT CORP COM 50.04 5/11 Qualified Dividend WEST BAF32 CASH 127.30 5/15 Qualified Dividend AES CORP 76.44 5/15 Qualified Dividend EAST WEST BANCORP 59.60 5/15 Qualified Dividend ALLY FINANCIAL INC 35.04 5/19 Qualified Dividend HEIDRICK & STRUGGLES INTL INC 28.99 5/24 Qualified Dividend HANMI FINANCIAL CORP NEW 39.14 5/24 Qualified Dividend COLUMBIA BANKING SYSTEMS INC 21.34 5/25 Qualified Dividend INVESTORS BANCORP INC NEW 39.68 5/26 Dividend CHATHAM LODGING TRUST COM 41.80 5/26 Qualified Dividend LITHIA MOTORS INC A 39.69 5/30 Qualified Dividend REINSURANCE GROUP OF AMERICA 46.74 5/31 Qualified Dividend FIRSTCASH INC 61.37 5/31 Qualified Dividend ASSURED GUARANTY LTD 44.18 5/31 Qualified Dividend REALOGY HOLDINGS CORP 9.72 5/31 Qualified Dividend MAXIMUS INC 3.06 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/01-05/31) 0.36 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 6 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 92 of 126 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) TOTAL TAXABLE INCOME AND DISTRIBUTIONS $847.30 TOTAL QUALIFIED DIVIDENDS $755.10 TOTAL OTHER DIVIDENDS $91.84 TOTAL INTEREST $0.36 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/1 Automatic Investment BANK DEPOSIT PROGRAM $32.63 5/8 Automatic Investment BANK DEPOSIT PROGRAM 140.22 5/11 Automatic Investment BANK DEPOSIT PROGRAM 127.30 5/15 Automatic Investment BANK DEPOSIT PROGRAM 171.08 5/19 Automatic Investment BANK DEPOSIT PROGRAM 28.99 5/22 Automatic Investment BANK DEPOSIT PROGRAM 5,729.87 5/23 Automatic Investment BANK DEPOSIT PROGRAM 11,435.80 5/24 Automatic Redemption BANK DEPOSIT PROGRAM (7,654.78) 5/25 Automatic Investment BANK DEPOSIT PROGRAM 39.68 5/26 Automatic Redemption BANK DEPOSIT PROGRAM (7,701.49) 5/30 Automatic Investment BANK DEPOSIT PROGRAM 46.74 5/31 Automatic Investment BANK DEPOSIT PROGRAM 118.33 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.36 NET ACTIVITY FOR PERIOD $2,514.73 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 AXIS CAPITAL HOLDINGS LTD 11/10/15 05/17/17 140.000 $8,773.89 $7,772.80 $1,001.09 CHEMED CORPORATION 11/10/15 05/17/17 22.000 4,363.13 3,367.29 995.84 EXPRESS INC 11/10/15 05/16/17 358.000 2,840.98 6,837.16 (3,996.18) KOSMOS ENERGY LTD 11/10/15 05/17/17 531.000 3,792.79 4,050.10 (257.31) NATIONSTAR MORTGAGE HLDGS INC 11/10/15 05/17/17 268.000 4,536.59 3,770.27 766.32 02/22/16 05/17/17 35.000 592.47 341.50 250.97 NU SKIN ENTERPRISE INC A 11/10/15 05/17/17 121.000 6,867.29 4,356.00 2,511.29 VALIDUS HOLDINGS LTD COM 11/10/15 05/16/17 125.000 6,625.76 5,650.00 975.76 WALKER & DUNLOP INC 11/10/15 05/17/17 94.000 4,417.15 2,680.78 1,736.37 Long-Term This Period $42,810.05 $38,825.90 $3,984.15 Long-Term Year to Date $151,077.02 $127,912.90 $23,164.12 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 93 of 126 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments KOSMOS ENERGY LTD 01/27/17 05/17/17 117.000 835.70 744.12 91.58 Short-Term This Period $835.70 $744.12 $91.58 Short-Term Year to Date $34,552.44 $28,004.22 $6,548.22 Net Realized Gain/(Loss) This Period $43,645.75 $39,570.02 $4,075.73 Net Realized Gain/(Loss) Year to Date $185,629.46 $155,917.12 $29,712.34 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 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 7 This page intentionally left blank Page 94 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $1,496,413.73 $1,362,287.35 Credits —— Debits —(4,579.59) Security Transfers —— Net Credits/Debits/Transfers —$(4,579.59) Change in Value 59,963.51 198,669.48 TOTAL ENDING VALUE $1,556,377.24 $1,556,377.24 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 700 900 1,100 1,300 1,500 1,700 ($ ) 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 95 of 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $63,944.86 4.11 Equities 1,492,432.38 95.89 TOTAL VALUE $1,556,377.24 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 8 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 96 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $38,990.04 $35,115.45 Stocks 1,461,656.59 1,492,432.38 Net Unsettled Purchases/Sales (4,232.90)28,829.41 Total Assets $1,496,413.73 $1,556,377.24 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,496,413.73 $1,556,377.24 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $38,990.04 $21,613.68 Purchases (3,664.12)(91,553.85) Sales and Redemptions 32,493.53 135,873.45 Prior Net Unsettled Purch/Sales (4,232.90)N/A Net Unsettled Purch/Sales (28,829.41)(28,829.41) Income and Distributions 358.31 2,591.17 Total Investment Related Activity $(3,874.59)$18,081.36 Other Debits —(4,579.59) Total Cash Related Activity —$(4,579.59) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $35,115.45 $35,115.45 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Qualified Dividends $358.02 $2,589.93 Interest 0.29 1.24 Total Taxable Income And Distributions $358.31 $2,591.17 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $358.31 $2,591.17 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain —$12,558.23 $41,160.11 Short-Term (Loss)——(20,248.36) Total Short-Term —$12,558.23 $20,911.75 Long-Term Gain —18,753.20 288,967.72 Long-Term (Loss)(18,208.61)(19,738.94)(48,130.72) Total Long-Term $(18,208.61)$(985.74)$240,837.00 TOTAL GAIN/(LOSS)$(18,208.61)$11,572.49 $261,748.75 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 97 of 126 ADDITIONAL ACCOUNT INFORMATION Category This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Foreign Tax Paid —$24.02 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 5 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Riverbridge Partners - SMID Growth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 98 of 126 † 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 #$35,115.45 —$4.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $35,115.45 $4.00 NET UNSETTLED PURCHASES/SALES $28,829.41 CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)4.11%$63,944.86 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 99 of 126 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 $42.750 42.750 42.750 $6,727.72 1,257.26 5,300.28 $7,994.25 1,496.25 6,284.25 $1,266.53 238.99 983.97 ST ST ST 5/26/17 1.000 43.590 42.750 43.59 42.75 (0.84)ST 5/26/17 2.000 43.625 42.750 87.25 85.50 (1.75)ST Total 372.000 13,416.10 15,903.00 2,486.90 ST —— Asset Class: Equities ACUITY BRANDS INC (AYI) 11/10/15 2/16/16 2/10/17 105.000 15.000 48.000 210.959 185.555 211.070 162.910 162.910 162.910 22,150.73 2,783.33 10,131.36 17,105.55 2,443.65 7,819.68 (5,045.18) (339.68) (2,311.68) LT LT ST Total 168.000 35,065.42 27,368.88 (5,384.86) (2,311.68) LT ST 87.00 0.31 Next Dividend Payable 08/2017; Asset Class: Equities ANSYS INC (ANSS) 11/10/15 2/16/16 4/18/16 185.000 25.000 24.000 92.230 84.902 89.780 126.330 126.330 126.330 17,062.55 2,122.54 2,154.71 23,371.05 3,158.25 3,031.92 6,308.50 1,035.71 877.21 LT LT LT 4/26/16 26.000 91.013 126.330 2,366.35 3,284.58 918.23 LT 4/27/16 28.000 90.984 126.330 2,547.55 3,537.24 989.69 LT 4/28/16 64.000 90.875 126.330 5,816.00 8,085.12 2,269.12 LT Total 352.000 32,069.70 44,468.16 12,398.46 LT —— Asset Class: Equities ATHENAHEALTH INC COM (ATHN) 1/12/15 6/10/15 2/16/16 138.000 105.000 30.000 139.590 117.975 127.546 133.980 133.980 133.980 19,263.41 12,387.33 3,826.38 18,489.24 14,067.90 4,019.40 (774.17) 1,680.57 193.02 LT LT LT 6/24/16 50.000 131.236 133.980 6,561.80 6,699.00 137.20 ST 5/26/17 2.000 134.275 133.980 268.55 267.96 (0.59)ST Total 325.000 42,307.47 43,543.50 1,099.42 136.61 LT ST —— Asset Class: Equities BEACON ROOFING SUPPLY INC (BECN) 1/12/15 11/10/15 390.000 35.000 27.079 37.520 48.230 48.230 10,560.93 1,313.20 18,809.70 1,688.05 8,248.77 374.85 LT LT Total 425.000 11,874.13 20,497.75 8,623.62 LT —— Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 100 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BIO-TECHNE CORP (TECH) 10/17/14 1/12/15 2/16/16 74.000 165.000 25.000 90.930 92.188 87.221 112.080 112.080 112.080 6,728.81 15,211.02 2,180.53 8,293.92 18,493.20 2,802.00 1,565.11 3,282.18 621.47 LT LT LT Total 264.000 24,120.36 29,589.12 5,468.76 LT 338.00 1.14 Next Dividend Payable 06/02/17; 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 11.400 11.400 11.400 1,868.66 6,229.84 2,773.69 1,482.00 3,363.00 2,337.00 (386.66) (2,866.84) (436.69) LT LT LT 2/16/16 80.000 11.467 11.400 917.35 912.00 (5.35)LT Total 710.000 11,789.54 8,094.00 (3,695.54)LT —— Asset Class: Equities CHEMED CORPORATION (CHE) 10/17/14 1/12/15 2/16/16 55.000 150.000 25.000 99.105 103.282 134.254 204.660 204.660 204.660 5,450.78 15,492.26 3,356.36 11,256.30 30,699.00 5,116.50 5,805.52 15,206.74 1,760.14 LT LT LT Total 230.000 24,299.40 47,071.80 22,772.40 LT 239.00 0.50 Next Dividend Payable 06/14/17; Asset Class: Equities COGNEX CORP (CGNX) 11/10/15 2/16/16 208.000 55.000 35.920 34.453 91.510 91.510 7,471.26 1,894.89 19,034.08 5,033.05 11,562.82 3,138.16 LT LT Total 263.000 9,366.15 24,067.13 14,700.98 LT 89.00 0.36 Next Dividend Payable 06/16/17; Asset Class: Equities COSTAR GROUP INC (CSGP) 10/17/14 1/12/15 11/10/15 55.000 125.000 35.000 143.180 178.150 202.297 261.570 261.570 261.570 7,874.90 22,268.69 7,080.41 14,386.35 32,696.25 9,154.95 6,511.45 10,427.56 2,074.54 LT LT LT 2/16/16 25.000 161.606 261.570 4,040.15 6,539.25 2,499.10 LT Total 240.000 41,264.15 62,776.80 21,512.65 LT —— Asset Class: Equities DIPLOMAT PHARMACY,INC. (DPLO) 10/18/16 10/19/16 10/21/16 64.000 75.000 108.000 28.397 27.992 28.955 17.140 17.140 17.140 1,817.43 2,099.41 3,127.14 1,096.96 1,285.50 1,851.12 (720.47) (813.91) (1,276.02) ST ST ST 10/24/16 326.000 28.853 17.140 9,406.21 5,587.64 (3,818.57)ST 10/25/16 145.000 28.878 17.140 4,187.27 2,485.30 (1,701.97)ST Total 718.000 20,637.46 12,306.52 (8,330.94)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 83.400 83.400 83.400 1,229.40 4,608.54 3,957.27 2,168.40 8,006.40 7,089.00 939.00 3,397.86 3,131.73 LT LT LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 101 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 7/28/15 84.000 47.145 83.400 3,960.21 7,005.60 3,045.39 LT 2/16/16 35.000 42.951 83.400 1,503.27 2,919.00 1,415.73 LT 5/26/17 1.000 83.460 83.400 83.46 83.40 (0.06)ST Total 327.000 15,342.15 27,271.80 11,929.71 (0.06) LT ST —— Asset Class: Equities ELLIE MAE INC (ELLI) 12/1/16 241.000 79.999 109.560 19,279.83 26,403.96 7,124.13 ST —— Asset Class: Equities EXLSERVICE HLDGS INC (EXLS) 12/12/16 440.000 49.917 52.370 21,963.52 23,042.80 1,079.28 ST —— Asset Class: Equities FASTENAL CO (FAST) 11/10/15 2/16/16 875.000 120.000 40.747 43.587 43.170 43.170 35,653.36 5,230.45 37,773.75 5,180.40 2,120.39 (50.05) LT LT Total 995.000 40,883.81 42,954.15 2,070.34 LT 1,274.00 2.96 Next Dividend Payable 08/2017; Asset Class: Equities FINANCIAL ENGINES (FNGN) 1/12/15 2/6/15 2/9/15 132.000 43.000 34.000 35.312 39.889 39.750 37.900 37.900 37.900 4,661.21 1,715.21 1,351.50 5,002.80 1,629.70 1,288.60 341.59 (85.51) (62.90) LT LT LT 2/18/15 84.000 39.001 37.900 3,276.08 3,183.60 (92.48)LT 2/19/15 144.000 39.132 37.900 5,635.05 5,457.60 (177.45)LT 2/16/16 55.000 26.237 37.900 1,443.01 2,084.50 641.49 LT Total 492.000 18,082.06 18,646.80 564.74 LT 138.00 0.74 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 51.300 51.300 51.300 5,056.44 13,439.31 8,520.96 6,669.00 19,750.50 12,312.00 1,612.56 6,311.19 3,791.04 LT LT LT Total 755.000 27,016.71 38,731.50 11,714.79 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 18.980 18.980 18.980 3,887.39 8,308.31 4,182.16 4,194.58 9,584.90 5,599.10 307.19 1,276.59 1,416.94 LT LT LT Total 1,021.000 16,377.86 19,378.58 3,000.72 LT 408.00 2.10 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 78.400 78.400 78.400 15,933.39 3,108.81 1,546.10 28,380.80 5,566.40 2,822.40 12,447.41 2,457.59 1,276.30 LT LT LT 7/28/15 27.000 42.932 78.400 1,159.16 2,116.80 957.64 LT 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 102 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 8/3/15 28.000 43.031 78.400 1,204.88 2,195.20 990.32 LT 8/4/15 107.000 42.905 78.400 4,590.85 8,388.80 3,797.95 LT 2/16/16 80.000 34.275 78.400 2,742.00 6,272.00 3,530.00 LT Total 711.000 30,285.19 55,742.40 25,457.21 LT —— Asset Class: Equities HEALTHSTREAM INC (HSTM) 10/24/16 10/24/16 10/25/16 38.000 49.000 63.000 27.565 27.675 27.610 27.870 27.870 27.870 1,047.47 1,356.06 1,739.41 1,059.06 1,365.63 1,755.81 11.59 9.57 16.40 ST ST ST 10/28/16 165.000 26.649 27.870 4,397.12 4,598.55 201.43 ST 11/2/16 227.000 26.307 27.870 5,971.80 6,326.49 354.69 ST 11/3/16 217.000 24.029 27.870 5,214.34 6,047.79 833.45 ST Total 759.000 19,726.20 21,153.33 1,427.13 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 74.210 74.210 74.210 887.60 4,314.09 3,078.15 1,335.78 7,124.16 5,046.28 448.18 2,810.07 1,968.13 LT LT LT 5/19/15 92.000 45.864 74.210 4,219.51 6,827.32 2,607.81 LT 6/3/15 92.000 46.924 74.210 4,317.00 6,827.32 2,510.32 LT 2/16/16 43.000 43.254 74.210 1,859.92 3,191.03 1,331.11 LT 6/22/16 16.000 52.679 74.210 842.86 1,187.36 344.50 ST 6/24/16 32.000 51.947 74.210 1,662.31 2,374.72 712.41 ST 6/29/16 26.000 52.418 74.210 1,362.86 1,929.46 566.60 ST 7/12/16 110.000 50.943 74.210 5,603.68 8,163.10 2,559.42 ST 5/26/17 1.000 74.510 74.210 74.51 74.21 (0.30)ST Total 594.000 28,222.49 44,080.74 11,675.62 4,182.63 LT ST 86.00 0.19 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 15.000 153.070 153.270 161.677 183.970 183.970 183.970 6,428.95 9,962.53 2,425.15 7,726.74 11,958.05 2,759.55 1,297.79 1,995.52 334.40 LT LT LT Total 122.000 18,816.63 22,444.34 3,627.71 LT —— Asset Class: Equities HLTH CARE SVC GRP (HCSG) 10/17/14 1/12/15 6/18/15 99.000 450.000 46.000 27.294 30.447 33.005 47.870 47.870 47.870 2,702.07 13,701.20 1,518.22 4,739.13 21,541.50 2,202.02 2,037.06 7,840.30 683.80 LT LT LT 6/19/15 220.000 33.170 47.870 7,297.38 10,531.40 3,234.02 LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 103 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 6/23/15 89.000 33.452 47.870 2,977.23 4,260.43 1,283.20 LT 2/16/16 115.000 34.847 47.870 4,007.42 5,505.05 1,497.63 LT Total 1,019.000 32,203.52 48,779.53 16,576.01 LT 764.00 1.56 Next Dividend Payable 06/23/17; Asset Class: Equities IHS MARKIT LTD (INFO) 7/13/16 5/26/17 809.000 2.000 32.880 46.255 45.850 45.850 26,599.92 92.51 37,092.65 91.70 10,492.73 (0.81) ST ST Total 811.000 26,692.43 37,184.35 10,491.92 ST —— Asset Class: Equities INNERWORKINGS INC (INWK) 10/17/14 1/12/15 11/10/15 300.000 700.000 675.000 8.376 7.023 8.089 10.840 10.840 10.840 2,512.77 4,916.38 5,460.01 3,252.00 7,588.00 7,317.00 739.23 2,671.62 1,856.99 LT LT LT 2/16/16 240.000 6.581 10.840 1,579.44 2,601.60 1,022.16 LT Total 1,915.000 14,468.60 20,758.60 6,290.00 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 13.600 13.600 13.600 372.94 751.22 1,113.64 272.00 544.00 775.20 (100.94) (207.22) (338.44) LT LT LT 2/22/16 331.000 19.547 13.600 6,470.16 4,501.60 (1,968.56)LT 2/25/16 125.000 17.654 13.600 2,206.73 1,700.00 (506.73)LT 2/26/16 172.000 16.423 13.600 2,824.84 2,339.20 (485.64)LT 3/2/16 51.000 17.375 13.600 886.12 693.60 (192.52)LT 3/4/16 115.000 17.944 13.600 2,063.55 1,564.00 (499.55)LT 3/7/16 64.000 17.976 13.600 1,150.44 870.40 (280.04)LT 5/26/17 2.000 13.575 13.600 27.15 27.20 0.05 ST 5/26/17 3.000 13.587 13.600 40.76 40.80 0.04 ST Total 980.000 17,907.55 13,328.00 (4,579.64) 0.09 LT ST —— Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 11/10/15 2/16/16 145.000 20.000 114.785 106.799 137.890 137.890 16,643.83 2,135.98 19,994.05 2,757.80 3,350.22 621.82 LT LT Total 165.000 18,779.81 22,751.85 3,972.04 LT 422.00 1.85 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 31.490 31.490 23,607.27 4,864.00 24,751.14 5,983.10 1,143.87 1,119.10 LT LT Total 976.000 28,471.27 30,734.24 2,262.97 LT —— Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 2 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 104 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MAXIMUS INC (MMS) 1/12/15 2/16/16 350.000 45.000 53.795 47.779 62.080 62.080 18,828.42 2,150.05 21,728.00 2,793.60 2,899.58 643.55 LT LT Total 395.000 20,978.47 24,521.60 3,543.13 LT 71.00 0.28 Next Dividend Payable 08/2017; 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 54.300 54.300 54.300 6,071.05 17,039.70 4,217.96 6,244.50 14,118.00 3,529.50 173.45 (2,921.70) (688.46) LT LT LT Total 440.000 27,328.71 23,892.00 (3,436.71)LT —— Asset Class: Equities MIDDLEBY CORP DEL (MIDD) 11/10/15 2/16/16 205.000 25.000 118.080 84.142 128.360 128.360 24,206.40 2,103.54 26,313.80 3,209.00 2,107.40 1,105.46 LT LT Total 230.000 26,309.94 29,522.80 3,212.86 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 38.150 38.150 38.150 6,630.56 22,654.13 4,046.17 8,850.80 28,612.50 5,531.75 2,220.24 5,958.37 1,485.58 LT LT LT 6/24/16 229.000 27.325 38.150 6,257.31 8,736.35 2,479.04 ST 6/27/16 37.000 26.030 38.150 963.11 1,411.55 448.44 ST 6/29/16 106.000 26.365 38.150 2,794.72 4,043.90 1,249.18 ST 7/13/16 78.000 28.782 38.150 2,245.00 2,975.70 730.70 ST Total 1,577.000 45,591.00 60,162.55 9,664.19 4,907.36 LT ST 1,325.00 2.20 Next Dividend Payable 06/05/17; Asset Class: Equities NEOGEN CP (NEOG) 1/12/15 2/16/16 177.000 45.000 48.280 48.364 63.290 63.290 8,545.56 2,176.37 11,202.33 2,848.05 2,656.77 671.68 LT LT Total 222.000 10,721.93 14,050.38 3,328.45 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 6.910 6.910 6.910 1,247.93 1,674.29 702.19 815.38 1,091.78 462.97 (432.55) (582.51) (239.22) ST ST ST 10/26/16 381.000 10.638 6.910 4,053.04 2,632.71 (1,420.33)ST 10/27/16 53.000 10.590 6.910 561.25 366.23 (195.02)ST 10/28/16 47.000 10.620 6.910 499.12 324.77 (174.35)ST 10/31/16 87.000 11.066 6.910 962.77 601.17 (361.60)ST 11/1/16 369.000 11.256 6.910 4,153.39 2,549.79 (1,603.60)ST Total 1,280.000 13,853.98 8,844.80 (5,009.18)ST —— Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 105 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities PATTERSON COMPANIES INC (PDCO) 11/10/15 2/16/16 5/26/17 425.000 55.000 1.000 48.017 43.504 44.220 44.160 44.160 44.160 20,407.18 2,392.74 44.22 18,768.00 2,428.80 44.16 (1,639.18) 36.06 (0.06) LT LT ST Total 481.000 22,844.14 21,240.96 (1,603.12) (0.06) LT ST 500.00 2.35 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 34.800 34.800 34.800 7,682.13 20,550.34 1,280.79 4,524.00 12,702.00 1,078.80 (3,158.13) (7,848.34) (201.99) LT LT LT 12/1/15 49.000 40.399 34.800 1,979.55 1,705.20 (274.35)LT 12/2/15 38.000 39.699 34.800 1,508.55 1,322.40 (186.15)LT 12/3/15 19.000 39.319 34.800 747.07 661.20 (85.87)LT 12/7/15 11.000 38.739 34.800 426.13 382.80 (43.33)LT 12/8/15 13.000 38.584 34.800 501.59 452.40 (49.19)LT 12/9/15 44.000 38.640 34.800 1,700.16 1,531.20 (168.96)LT 2/16/16 75.000 27.189 34.800 2,039.17 2,610.00 570.83 LT 12/12/16 177.000 38.067 34.800 6,737.91 6,159.60 (578.31)ST Total 952.000 45,153.39 33,129.60 (11,445.48) (578.31) 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 29.870 29.870 29.870 927.45 1,990.85 919.95 1,344.15 2,867.52 1,284.41 416.70 876.67 364.46 LT LT LT 8/4/15 34.000 21.316 29.870 724.76 1,015.58 290.82 LT 8/5/15 25.000 21.586 29.870 539.64 746.75 207.11 LT 8/5/15 17.000 21.605 29.870 367.29 507.79 140.50 LT 8/6/15 63.000 21.580 29.870 1,359.54 1,881.81 522.27 LT 8/6/15 43.000 21.630 29.870 930.09 1,284.41 354.32 LT 8/11/15 66.000 21.055 29.870 1,389.65 1,971.42 581.77 LT 8/13/15 31.000 20.457 29.870 634.16 925.97 291.81 LT 8/20/15 49.000 20.601 29.870 1,009.45 1,463.63 454.18 LT 8/24/15 39.000 20.572 29.870 802.30 1,164.93 362.63 LT 8/27/15 31.000 21.069 29.870 653.15 925.97 272.82 LT 2/16/16 75.000 10.597 29.870 794.79 2,240.25 1,445.46 LT 10/21/16 66.000 21.884 29.870 1,444.32 1,971.42 527.10 ST 10/24/16 129.000 22.306 29.870 2,877.42 3,853.23 975.81 ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 3 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 106 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 10/25/16 62.000 22.142 29.870 1,372.79 1,851.94 479.15 ST 10/26/16 84.000 22.200 29.870 1,864.80 2,509.08 644.28 ST Total 998.000 20,602.40 29,810.26 6,581.52 2,626.34 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 64.000 64.000 64.000 1,039.91 4,368.29 16,153.80 960.00 4,160.00 16,640.00 (79.91) (208.29) 486.20 LT LT LT 7/27/15 62.000 75.326 64.000 4,670.19 3,968.00 (702.19)LT 7/28/15 16.000 72.988 64.000 1,167.81 1,024.00 (143.81)LT 8/4/15 22.000 73.075 64.000 1,607.66 1,408.00 (199.66)LT 2/16/16 55.000 60.511 64.000 3,328.08 3,520.00 191.92 LT Total 495.000 32,335.74 31,680.00 (655.74)LT —— Asset Class: Equities RITCHIE BROTHERS AUCTIONEERS (RBA) 1/12/15 2/16/16 5/26/17 797.000 145.000 17.000 26.037 23.097 31.245 31.040 31.040 31.040 20,751.57 3,349.05 531.16 24,738.88 4,500.80 527.68 3,987.31 1,151.75 (3.48) LT LT ST Total 959.000 24,631.78 29,767.36 5,139.06 (3.48) LT ST 652.00 2.19 Next Dividend Payable 06/13/17; 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 43.070 43.070 43.070 13,424.43 3,551.26 2,690.37 26,660.33 5,814.45 4,307.00 13,235.90 2,263.19 1,616.63 LT LT LT Total 854.000 19,666.06 36,781.78 17,115.72 LT 393.00 1.06 Next Dividend Payable 06/09/17; Asset Class: Equities SNAP-ON INC (SNA) 2/1/17 110.000 180.120 161.660 19,813.20 17,782.60 (2,030.60)ST 312.00 1.75 Next Dividend Payable 06/09/17; Asset Class: Equities STRATASYS LTD SHS (SSYS) 7/30/15 3/13/17 5/26/17 337.000 37.000 10.000 32.272 19.135 28.306 26.900 26.900 26.900 10,875.57 708.00 283.06 9,065.30 995.30 269.00 (1,810.27) 287.30 (14.06) LT ST ST Total 384.000 11,866.63 10,329.60 (1,810.27) 273.24 LT ST —— Asset Class: Equities ULTIMATE SOFTWARE GP INC (ULTI) 10/17/14 1/12/15 11/10/15 35.000 200.000 25.000 135.170 144.503 203.630 220.740 220.740 220.740 4,730.95 28,900.64 5,090.75 7,725.90 44,148.00 5,518.50 2,994.95 15,247.36 427.75 LT LT LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 107 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2/16/16 35.000 160.030 220.740 5,601.05 7,725.90 2,124.85 LT Total 295.000 44,323.39 65,118.30 20,794.91 LT —— Asset Class: Equities UNITED NATURAL FOODS INC (UNFI) 1/12/15 2/16/16 9/19/16 221.000 55.000 34.000 76.818 35.134 39.319 39.940 39.940 39.940 16,976.74 1,932.39 1,336.86 8,826.74 2,196.70 1,357.96 (8,150.00) 264.31 21.10 LT LT ST 9/20/16 45.000 38.844 39.940 1,747.98 1,797.30 49.32 ST 10/4/16 26.000 40.075 39.940 1,041.95 1,038.44 (3.51)ST 10/7/16 30.000 40.341 39.940 1,210.22 1,198.20 (12.02)ST 10/11/16 24.000 40.982 39.940 983.57 958.56 (25.01)ST 10/12/16 141.000 42.658 39.940 6,014.76 5,631.54 (383.22)ST Total 576.000 31,244.47 23,005.44 (7,885.69) (353.34) 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 63.540 63.540 63.540 4,108.49 3,198.30 4,980.53 9,912.24 7,624.80 11,627.82 5,803.75 4,426.50 6,647.29 LT LT LT 12/16/15 166.000 28.085 63.540 4,662.09 10,547.64 5,885.55 LT 2/16/16 85.000 21.617 63.540 1,837.45 5,400.90 3,563.45 LT 5/26/17 4.000 66.870 63.540 267.48 254.16 (13.32)ST 5/26/17 1.000 66.810 63.540 66.81 63.54 (3.27)ST Total 715.000 19,121.15 45,431.10 26,326.54 (16.59) LT ST —— 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 41.100 41.100 41.100 8,368.86 1,199.43 2,198.57 6,165.00 822.00 1,520.70 (2,203.86) (377.43) (677.87) LT LT LT 7/27/15 25.000 58.101 41.100 1,452.53 1,027.50 (425.03)LT 7/30/15 12.000 57.998 41.100 695.97 493.20 (202.77)LT 7/31/15 31.000 57.850 41.100 1,793.35 1,274.10 (519.25)LT 8/5/15 15.000 58.575 41.100 878.63 616.50 (262.13)LT 2/16/16 40.000 30.967 41.100 1,238.67 1,644.00 405.33 LT 6/24/16 260.000 33.800 41.100 8,788.00 10,686.00 1,898.00 ST 5/26/17 9.000 41.486 41.100 373.37 369.90 (3.47)ST Total 599.000 26,987.38 24,618.90 (4,263.01) 1,894.53 LT ST —— Asset Class: Equities 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 4 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 108 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 80.890 80.890 80.890 25,520.40 3,067.52 11,644.39 29,120.40 3,640.05 11,324.60 3,600.00 572.53 (319.79) LT LT ST Total 545.000 40,232.31 44,085.05 4,172.53 (319.79) LT ST —— Asset Class: Equities WABCO HLDGS INC (WBC) 10/18/16 10/19/16 10/20/16 95.000 25.000 65.000 107.013 105.956 100.922 121.820 121.820 121.820 10,166.21 2,648.90 6,559.92 11,572.90 3,045.50 7,918.30 1,406.69 396.60 1,358.38 ST ST ST 5/26/17 1.000 120.230 121.820 120.23 121.82 1.59 ST Total 186.000 19,495.26 22,658.52 3,163.26 ST —— Asset Class: Equities WAGEWORKS INC COM (WAGE) 4/27/17 293.000 74.853 70.750 21,931.84 20,729.75 (1,202.09)ST —— Asset Class: Equities WEST PHARMACEUTICAL SVCS INC (WST) 4/27/17 5/26/17 5/26/17 257.000 1.000 12.000 92.066 96.910 96.925 97.020 97.020 97.020 23,660.94 96.91 1,163.10 24,934.14 97.02 1,164.24 1,273.20 0.11 1.14 ST ST ST Total 270.000 24,920.95 26,195.40 1,274.45 ST 140.00 0.53 Next Dividend Payable 08/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 95.89%$1,230,683.63 $1,492,432.38 $240,837.00 $20,911.75 LT ST $7,238.00 0.48% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,230,683.63 $1,556,377.24 $240,837.00 $20,911.75 LT ST $7,242.00 $0.00 0.46% TOTAL VALUE (includes accrued interest)100.00%$1,556,377.24 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. Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 109 of 126 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $63,944.86 —————— Stocks —$1,492,432.38 ————— TOTAL ALLOCATION OF ASSETS $63,944.86 $1,492,432.38 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/1 5/2 Sold ZELTIQ AESTHETICS INC COM ACTED AS AGENT a/o 04/27/17 455.000 $56.4850 $25,700.11 5/1 5/2 Cancel Sell ZELTIQ AESTHETICS INC COM ACTED AS AGENT a/o 04/27/17 455.000 56.4850 (25,700.11) 5/26 6/1 Sold STERICYCLE INC ACTED AS AGENT 295.000 82.7622 24,414.31 5/26 6/1 Sold UNITED NATURAL FOODS INC ACTED AS AGENT 206.000 39.2204 8,079.22 5/26 6/1 Bought WEST PHARMACEUTICAL SVCS INC ACTED AS AGENT 12.000 96.9254 (1,163.10) 5/26 6/1 Bought RITCHIE BROTHERS AUCTIONEERS ACTED AS AGENT 17.000 31.2447 (531.16) 5/26 6/1 Bought VERINT SYSTEMS INC ACTED AS AGENT 9.000 41.4857 (373.37) 5/26 6/1 Bought STRATASYS LTD SHS ACTED AS AGENT 10.000 28.3058 (283.06) 5/26 6/1 Bought ATHENAHEALTH INC COM ACTED AS AGENT 2.000 134.2764 (268.55) 5/26 6/1 Bought VEEVA SYS INC CL A ACTED AS AGENT 4.000 66.8689 (267.48) 5/26 6/1 Bought WABCO HLDGS INC ACTED AS AGENT 1.000 120.2310 (120.23) 5/26 6/1 Bought WEST PHARMACEUTICAL SVCS INC ACTED AS AGENT 1.000 96.9050 (96.91) 5/26 6/1 Bought IHS MARKIT LTD ACTED AS AGENT 2.000 46.2567 (92.51) 5/26 6/1 Bought 2U INC COM ACTED AS AGENT 2.000 43.6270 (87.25) 5/26 6/1 Bought DORMAN PRODUCTS, INC ACTED AS AGENT 1.000 83.4642 (83.46) 5/26 6/1 Bought HEICO CORP NEW ACTED AS AGENT 1.000 74.5127 (74.51) 5/26 6/1 Bought VEEVA SYS INC CL A ACTED AS AGENT 1.000 66.8127 (66.81) 5/26 6/1 Bought PATTERSON COMPANIES INC ACTED AS AGENT 1.000 44.2235 (44.22) 5/26 6/1 Bought 2U INC COM ACTED AS AGENT 1.000 43.5943 (43.59) 5/26 6/1 Bought INOVALON HLDGS INC COM CL A ACTED AS AGENT 3.000 13.5876 (40.76) 5/26 6/1 Bought INOVALON HLDGS INC COM CL A ACTED AS AGENT 2.000 13.5750 (27.15) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $28,829.41 TOTAL PURCHASES $(3,664.12) TOTAL SALES AND REDEMPTIONS $32,493.53 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 5 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 110 of 126 UNSETTLED PURCHASES/SALES ACTIVITY Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 5/26 6/1 Sold STERICYCLE INC UNSETTLED SALE 295.000 $82.7622 $24,414.31 5/26 6/1 Sold UNITED NATURAL FOODS INC UNSETTLED SALE 206.000 39.2204 8,079.22 5/26 6/1 Bought 2U INC COM UNSETTLED PURCHASE 2.000 43.6270 (87.25) 5/26 6/1 Bought 2U INC COM UNSETTLED PURCHASE 1.000 43.5943 (43.59) 5/26 6/1 Bought ATHENAHEALTH INC COM UNSETTLED PURCHASE 2.000 134.2764 (268.55) 5/26 6/1 Bought DORMAN PRODUCTS, INC UNSETTLED PURCHASE 1.000 83.4642 (83.46) 5/26 6/1 Bought HEICO CORP NEW UNSETTLED PURCHASE 1.000 74.5127 (74.51) 5/26 6/1 Bought IHS MARKIT LTD UNSETTLED PURCHASE 2.000 46.2567 (92.51) 5/26 6/1 Bought INOVALON HLDGS INC COM CL A UNSETTLED PURCHASE 3.000 13.5876 (40.76) 5/26 6/1 Bought INOVALON HLDGS INC COM CL A UNSETTLED PURCHASE 2.000 13.5750 (27.15) 5/26 6/1 Bought PATTERSON COMPANIES INC UNSETTLED PURCHASE 1.000 44.2235 (44.22) 5/26 6/1 Bought RITCHIE BROTHERS AUCTIONEERS UNSETTLED PURCHASE 17.000 31.2447 (531.16) 5/26 6/1 Bought STRATASYS LTD SHS UNSETTLED PURCHASE 10.000 28.3058 (283.06) 5/26 6/1 Bought VEEVA SYS INC CL A UNSETTLED PURCHASE 4.000 66.8689 (267.48) 5/26 6/1 Bought VEEVA SYS INC CL A UNSETTLED PURCHASE 1.000 66.8127 (66.81) 5/26 6/1 Bought VERINT SYSTEMS INC UNSETTLED PURCHASE 9.000 41.4857 (373.37) 5/26 6/1 Bought WABCO HLDGS INC UNSETTLED PURCHASE 1.000 120.2310 (120.23) 5/26 6/1 Bought WEST PHARMACEUTICAL SVCS INC UNSETTLED PURCHASE 12.000 96.9254 (1,163.10) 5/26 6/1 Bought WEST PHARMACEUTICAL SVCS INC UNSETTLED PURCHASE 1.000 96.9050 (96.91) NET UNSETTLED PURCHASES/SALES $28,829.41 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) 5/1 Qualified Dividend ACUITY BRANDS INC $21.84 5/24 Qualified Dividend FASTENAL CO 318.40 5/31 Qualified Dividend MAXIMUS INC 17.78 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/01-05/31) 0.29 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $358.31 TOTAL QUALIFIED DIVIDENDS $358.02 TOTAL INTEREST $0.29 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/1 Automatic Investment BANK DEPOSIT PROGRAM $21.84 5/2 Automatic Redemption BANK DEPOSIT PROGRAM (8,374.83) 5/4 Automatic Investment BANK DEPOSIT PROGRAM 4,141.93 5/24 Automatic Investment BANK DEPOSIT PROGRAM 318.40 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 111 of 126 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 5/31 Automatic Investment BANK DEPOSIT PROGRAM 17.78 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.29 NET ACTIVITY FOR PERIOD $(3,874.59) 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 STERICYCLE INC 11/10/15 05/26/17 260.000 $21,517.70 $32,393.43 $(10,875.73) 02/16/16 05/26/17 35.000 2,896.61 3,817.28 (920.67) UNITED NATURAL FOODS INC 10/17/14 05/26/17 107.000 4,196.49 6,886.47 (2,689.98) 01/12/15 05/26/17 99.000 3,882.73 7,604.96 (3,722.23) Long-Term This Period $32,493.53 $50,702.14 $(18,208.61) Long-Term Year to Date $110,120.52 $111,106.26 $(985.74) Net Realized Gain/(Loss) This Period $32,493.53 $50,702.14 $(18,208.61) Net Realized Gain/(Loss) Year to Date $135,873.45 $124,300.96 $11,572.49 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 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 6 This page intentionally left blank Page 112 of 126 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 (5/1/17-5/31/17) This Year (1/1/17-5/31/17) TOTAL BEGINNING VALUE $996,324.59 $842,833.69 Credits —— Debits (7.02)(2,574.63) Security Transfers —— Net Credits/Debits/Transfers $(7.02)$(2,574.63) Change in Value 29,582.62 185,641.13 TOTAL ENDING VALUE $1,025,900.19 $1,025,900.19 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period May 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 0.3 0.7 1.1 1.5 1.9 2.3 ($ ) 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 113 of 126 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $43,629.52 4.25 Equities 982,270.67 95.75 TOTAL VALUE $1,025,900.19 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 7 Account Summary CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 114 of 126 BALANCE SHEET (^ includes accrued interest) Last Period (as of 4/30/17) This Period (as of 5/31/17) Cash, BDP, MMFs $12,160.37 $25,287.79 Stocks 978,713.53 982,270.67 Net Unsettled Purchases/Sales 5,450.69 18,341.73 Total Assets $996,324.59 $1,025,900.19 Total Liabilities (outstanding balance)—— TOTAL VALUE $996,324.59 $1,025,900.19 CASH FLOW This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) OPENING CASH, BDP, MMFs $12,160.37 $4,698.79 Purchases (30,774.54)(163,019.29) Sales and Redemptions 54,965.56 194,986.19 Prior Net Unsettled Purch/Sales 5,450.69 N/A 2016 Net Unsettled Purch/Sales N/A 6,622.46 Net Unsettled Purch/Sales (18,341.73)(18,341.73) Income and Distributions 1,834.46 2,916.00 Total Investment Related Activity $13,134.44 $23,163.63 Other Debits (7.02)(2,574.63) Total Cash Related Activity $(7.02)$(2,574.63) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $25,287.79 $25,287.79 INCOME AND DISTRIBUTION SUMMARY This Period (5/1/17-5/31/17) This Year (1/1/17-5/31/17) Qualified Dividends $1,834.36 $2,915.21 Interest 0.10 0.79 Total Taxable Income And Distributions $1,834.46 $2,916.00 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,834.46 $2,916.00 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 (5/1/17-5/31/17) Realized This Year (1/1/17-5/31/17) Unrealized Inception to Date (as of 5/31/17) Short-Term Gain $2,179.26 $3,988.04 $56,204.25 Short-Term (Loss)—(3,631.12)(12,725.63) Total Short-Term $2,179.26 $356.92 $43,478.62 Long-Term Gain 12,555.57 35,600.05 140,419.42 Long-Term (Loss)(696.44)(2,470.76)(38,844.26) Total Long-Term $11,859.13 $33,129.29 $101,575.16 TOTAL GAIN/(LOSS)$14,038.39 $33,486.21 $145,053.78 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 May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Columbia Mgmt - Select LC Grwth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 115 of 126 † 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 $5,648.66 MORGAN STANLEY PRIVATE BANK NA #19,639.13 —2.00 0.010 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $25,287.79 $2.00 NET UNSETTLED PURCHASES/SALES $18,341.73 CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)4.25%$43,629.52 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 8 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 116 of 126 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 9/6/16 516.000 86.000 $38.833 43.500 $58.580 58.580 $20,037.98 3,741.04 $30,227.28 5,037.88 $10,189.30 1,296.84 ST ST Total 602.000 23,779.02 35,265.16 11,486.14 ST 181.00 0.51 Next Dividend Payable 05/2018; Asset Class: Equities ACUITY BRANDS INC (AYI) 8/10/15 2/17/16 1/30/17 49.000 19.000 21.000 209.685 191.398 200.784 162.910 162.910 162.910 10,274.59 3,636.57 4,216.47 7,982.59 3,095.29 3,421.11 (2,292.00) (541.28) (795.36) LT LT ST 3/21/17 11.000 206.038 162.910 2,266.42 1,792.01 (474.41)ST 5/9/17 7.000 190.989 162.910 1,336.92 1,140.37 (196.55)ST Total 107.000 21,730.97 17,431.37 (2,833.28) (1,466.32) LT ST 56.00 0.32 Next Dividend Payable 08/2017; Asset Class: Equities ADOBE SYSTEMS (ADBE) 9/8/15 2/17/16 206.000 22.000 78.832 80.362 141.860 141.860 16,239.33 1,767.96 29,223.16 3,120.92 12,983.83 1,352.96 LT LT Total 228.000 18,007.29 32,344.08 14,336.79 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 98.030 98.030 98.030 5,027.59 16,886.37 7,327.01 3,234.99 9,606.94 4,607.41 (1,792.60) (7,279.43) (2,719.60) LT LT LT 9/30/15 5.000 153.342 98.030 766.71 490.15 (276.56)LT 2/17/16 28.000 145.470 98.030 4,073.17 2,744.84 (1,328.33)LT 4/3/17 4.000 119.583 98.030 478.33 392.12 (86.21)ST 5/24/17 58.000 100.568 98.030 5,832.97 5,685.74 (147.23)ST Total 273.000 40,392.15 26,762.19 (13,396.52) (233.44) LT ST —— Asset Class: Equities ALIBABA GROUP HLDG LTD (BABA) 2/17/16 2/19/16 12.000 241.000 66.600 67.274 122.460 122.460 799.20 16,213.15 1,469.52 29,512.86 670.32 13,299.71 LT LT Total 253.000 17,012.35 30,982.38 13,970.03 LT —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 2/17/16 4/4/16 13.000 11.000 19.000 497.298 528.230 592.554 994.620 994.620 994.620 6,464.87 5,810.53 11,258.52 12,930.06 10,940.82 18,897.78 6,465.19 5,130.29 7,639.26 LT LT LT 4/6/17 2.000 903.855 994.620 1,807.71 1,989.24 181.53 ST Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 117 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 45.000 25,341.63 44,757.90 19,234.74 181.53 LT ST —— Asset Class: Equities BRISTOL MYERS SQUIBB CO (BMY) 3/4/15 3/4/15 3/12/15 279.000 30.000 89.000 65.449 68.409 66.500 53.950 53.950 53.950 18,260.25 2,052.26 5,918.54 15,052.05 1,618.50 4,801.55 (3,208.20) (433.76) (1,116.99) LT LT LT H 9/30/15 104.000 59.285 53.950 6,165.69 5,610.80 (554.89)LT 8/9/16 45.000 61.938 53.950 2,787.22 2,427.75 (359.47)ST 8/15/16 64.000 60.549 53.950 3,875.14 3,452.80 (422.34)ST 9/7/16 66.000 56.806 53.950 3,749.22 3,560.70 (188.52)ST 4/3/17 7.000 54.173 53.950 379.21 377.65 (1.56)ST Total 684.000 43,187.53 36,901.80 (5,313.84) (971.89) LT ST 1,067.00 2.89 Next Dividend Payable 08/2017; Basis Adjustment Due to Wash Sale: $194.11; Asset Class: Equities CELGENE CORP (CELG) 7/1/15 8/24/15 2/17/16 53.000 150.000 57.000 117.677 116.533 105.400 114.410 114.410 114.410 6,236.87 17,479.97 6,007.79 6,063.73 17,161.50 6,521.37 (173.14) (318.47) 513.58 LT LT LT 11/11/16 30.000 119.493 114.410 3,584.78 3,432.30 (152.48)ST 4/3/17 4.000 124.573 114.410 498.29 457.64 (40.65)ST Total 294.000 33,807.70 33,636.54 21.97 (193.13) 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 38.750 38.750 38.750 8,547.07 3,159.93 4,629.80 11,935.00 4,727.50 6,820.00 3,387.93 1,567.57 2,190.20 ST ST ST H 3/30/17 109.000 40.917 38.750 4,459.90 4,223.75 (236.15)ST Total 715.000 20,796.70 27,706.25 6,909.55 ST 229.00 0.82 Next Dividend Payable 08/2017; Basis Adjustment Due to Wash Sale: $569.53; Asset Class: Equities COGNEX CORP (CGNX) 4/6/17 5/3/17 114.000 57.000 84.746 88.249 91.510 91.510 9,661.06 5,030.20 10,432.14 5,216.07 771.08 185.87 ST ST Total 171.000 14,691.26 15,648.21 956.95 ST 58.00 0.37 Next Dividend Payable 06/16/17; Asset Class: Equities COSTCO WHOLESALE CORP NEW (COST) 11/11/16 3/6/17 3/17/17 104.000 18.000 15.000 148.564 166.708 167.945 180.430 180.430 180.430 15,450.69 3,000.75 2,519.18 18,764.72 3,247.74 2,706.45 3,314.03 246.99 187.27 ST ST ST 4/3/17 1.000 166.630 180.430 166.63 180.43 13.80 ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 6 9 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 118 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 138.000 21,137.25 24,899.34 3,762.09 ST 276.00 1.10 Next Dividend Payable 08/2017; 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 66.840 66.840 66.840 11,440.73 3,139.99 3,817.15 9,157.08 3,408.84 3,876.72 (2,283.65) 268.85 59.57 LT LT ST 4/3/17 1.000 83.240 66.840 83.24 66.84 (16.40)ST 5/5/17 83.000 77.350 66.840 6,420.08 5,547.72 (872.36)ST Total 330.000 24,901.19 22,057.20 (2,014.80) (829.19) LT ST —— Asset Class: Equities DOMINOS PIZZA INC (DPZ) 2/23/17 3/21/17 104.000 15.000 184.263 184.937 211.720 211.720 19,163.35 2,774.05 22,018.88 3,175.80 2,855.53 401.75 ST ST Total 119.000 21,937.40 25,194.68 3,257.28 ST 219.00 0.86 Next Dividend Payable 06/2017; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 4/6/16 10/26/16 11/11/16 163.000 34.000 17.000 106.918 95.691 91.676 115.070 115.070 115.070 17,427.65 3,253.51 1,558.49 18,756.41 3,912.38 1,956.19 1,328.76 658.87 397.70 LT ST ST 3/2/17 55.000 93.403 115.070 5,137.17 6,328.85 1,191.68 ST 4/3/17 1.000 94.380 115.070 94.38 115.07 20.69 ST Total 270.000 27,471.20 31,068.90 1,328.76 2,268.94 LT ST —— Asset Class: Equities FACEBOOK INC CL-A (FB) 8/31/15 279.000 90.658 151.460 25,293.53 42,257.34 16,963.81 LT —— Asset Class: Equities ILLUMINA INC (ILMN) 9/4/15 1/4/16 2/17/16 75.000 34.000 47.000 193.160 182.651 153.700 177.360 177.360 177.360 14,487.00 6,210.12 7,223.90 13,302.00 6,030.24 8,335.92 (1,185.00) (179.88) 1,112.02 LT LT LT 11/11/16 15.000 139.419 177.360 2,091.28 2,660.40 569.12 ST 4/3/17 1.000 170.280 177.360 170.28 177.36 7.08 ST Total 172.000 30,182.58 30,505.92 (252.86) 576.20 LT ST —— Asset Class: Equities INTERCEPT PHARMACEUTICALS INC (ICPT) 6/19/15 8/26/15 12/21/15 59.000 1.000 32.000 256.817 173.500 162.030 111.900 111.900 111.900 15,152.19 173.50 5,184.98 6,602.10 111.90 3,580.80 (8,550.09) (61.60) (1,604.18) LT LT LT H H 2/17/16 38.000 121.380 111.900 4,612.44 4,252.20 (360.24)LT Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 119 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 6/3/16 52.000 171.365 111.900 8,910.99 5,818.80 (3,092.19)ST 11/11/16 27.000 110.272 111.900 2,977.35 3,021.30 43.95 ST 4/3/17 3.000 113.173 111.900 339.52 335.70 (3.82)ST Total 212.000 37,350.97 23,722.80 (10,576.11) (3,052.06) LT ST —— Basis Adjustment Due to Wash Sale: $6,785.57; Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 2/17/16 5/3/16 177.000 115.000 95.000 47.147 48.439 48.132 60.190 60.190 60.190 8,344.96 5,570.44 4,572.55 10,653.63 6,921.85 5,718.05 2,308.67 1,351.41 1,145.50 LT LT LT 3/20/17 80.000 61.314 60.190 4,905.10 4,815.20 (89.90)ST Total 467.000 23,393.05 28,108.73 4,805.58 (89.90) 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 97.848 275.110 275.110 3,142.03 5,773.06 7,703.08 16,231.49 4,561.05 10,458.43 LT LT Total 87.000 8,915.09 23,934.57 15,019.48 LT 52.00 0.21 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 50.560 50.560 50.560 9,151.19 6,535.91 10,410.86 10,465.92 7,887.36 11,982.72 1,314.73 1,351.45 1,571.86 LT LT LT 4/3/17 1.000 45.620 50.560 45.62 50.56 4.94 ST Total 601.000 26,143.58 30,386.56 4,238.04 4.94 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 52.990 52.990 52.990 4,016.45 6,246.79 10,415.55 4,398.17 5,775.91 9,220.26 381.72 (470.88) (1,195.29) LT LT LT 5/23/16 229.000 56.358 52.990 12,905.87 12,134.71 (771.16)LT 9/28/16 66.000 53.542 52.990 3,533.76 3,497.34 (36.42)ST 4/3/17 4.000 55.435 52.990 221.74 211.96 (9.78)ST Total 665.000 37,340.16 35,238.35 (2,055.61) (46.20) LT ST 479.00 1.35 Next Dividend Payable 07/2017; Asset Class: Equities NVIDIA CORPORATION (NVDA) 12/1/16 12/28/16 1/26/17 18.000 67.000 72.000 89.363 109.862 108.762 144.350 144.350 144.350 1,608.54 7,360.75 7,830.88 2,598.30 9,671.45 10,393.20 989.76 2,310.70 2,562.32 ST ST ST 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 7 0 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 120 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2/24/17 49.000 98.826 144.350 4,842.48 7,073.15 2,230.67 ST 3/17/17 45.000 104.826 144.350 4,717.16 6,495.75 1,778.59 ST 4/12/17 29.000 98.367 144.350 2,852.63 4,186.15 1,333.52 ST Total 280.000 29,212.44 40,418.00 11,205.56 ST 157.00 0.38 Next Dividend Payable 06/14/17; Asset Class: Equities PIONEER NATURAL RESOURCES CO (PXD) 4/10/17 5/18/17 101.000 43.000 192.255 173.205 166.860 166.860 19,417.77 7,447.81 16,852.86 7,174.98 (2,564.91) (272.83) ST ST Total 144.000 26,865.58 24,027.84 (2,837.74)ST 12.00 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 1,877.090 1,877.090 22,141.50 2,461.72 37,541.80 3,754.18 15,400.30 1,292.46 LT LT Total 22.000 24,603.22 41,295.98 16,692.76 LT —— Asset Class: Equities SALESFORCE.COM,INC. (CRM) 2/17/16 9/21/16 10/6/16 217.000 87.000 58.000 63.147 73.208 71.171 89.640 89.640 89.640 13,702.96 6,369.06 4,127.89 19,451.88 7,798.68 5,199.12 5,748.92 1,429.62 1,071.23 LT ST ST Total 362.000 24,199.91 32,449.68 5,748.92 2,500.85 LT ST —— Asset Class: Equities SERVICENOW INC (NOW) 2/17/16 2/19/16 6/8/16 12.000 87.000 183.000 54.230 54.741 77.332 104.650 104.650 104.650 650.76 4,762.48 14,151.68 1,255.80 9,104.55 19,150.95 605.04 4,342.07 4,999.27 LT LT ST Total 282.000 19,564.92 29,511.30 4,947.11 4,999.27 LT ST —— Asset Class: Equities SHIRE PLC ADR (SHPG) 9/6/16 9/21/16 4/3/17 72.000 28.000 2.000 194.309 204.636 173.815 172.720 172.720 172.720 13,990.24 5,729.82 347.63 12,435.84 4,836.16 345.44 (1,554.40) (893.66) (2.19) ST ST ST 5/5/17 26.000 181.022 172.720 4,706.56 4,490.72 (215.84)ST Total 128.000 24,774.25 22,108.16 (2,666.09)ST 116.00 0.52 Asset Class: Equities SPLUNK INC (SPLK) 8/28/15 12/31/15 2/17/16 127.000 191.000 145.000 62.398 59.379 34.070 61.240 61.240 61.240 7,924.52 11,341.31 4,940.15 7,777.48 11,696.84 8,879.80 (147.04) 355.53 3,939.65 LT LT LT Total 463.000 24,205.98 28,354.12 4,148.14 LT —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 121 of 126 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 63.610 63.610 63.610 17,859.18 7,250.29 4,538.87 20,037.15 7,951.25 5,152.41 2,177.97 700.96 613.54 ST ST ST 10/11/16 95.000 52.862 63.610 5,021.85 6,042.95 1,021.10 ST Total 616.000 34,670.19 39,183.76 4,513.57 ST 616.00 1.57 Next Dividend Payable 08/2017; Asset Class: Equities ULTA BEAUTY INC (ULTA) 11/23/16 1/31/17 4/4/17 29.000 24.000 15.000 262.418 268.025 283.195 304.840 304.840 304.840 7,610.13 6,432.60 4,247.93 8,840.36 7,316.16 4,572.60 1,230.23 883.56 324.67 ST ST ST Total 68.000 18,290.66 20,729.12 2,438.46 ST —— Asset Class: Equities UNITEDHEALTH GP INC (UNH) 3/20/17 3/22/17 57.000 57.000 169.058 167.210 175.180 175.180 9,636.29 9,530.98 9,985.26 9,985.26 348.97 454.28 ST ST Total 114.000 19,167.27 19,970.52 803.25 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 13.000 23.000 66.000 123.046 123.464 109.640 123.600 123.600 123.600 1,599.59 2,839.67 7,236.25 1,606.80 2,842.80 8,157.60 7.21 3.13 921.35 LT LT LT 9/29/15 5.000 100.484 123.600 502.42 618.00 115.58 LT 2/17/16 70.000 86.611 123.600 6,062.78 8,652.00 2,589.22 LT 2/19/16 33.000 87.377 123.600 2,883.45 4,078.80 1,195.35 LT 5/4/16 85.000 81.020 123.600 6,886.72 10,506.00 3,619.28 LT Total 295.000 28,010.88 36,462.00 8,451.12 LT —— Asset Class: Equities VISA INC CL A (V) 6/26/15 304.000 68.549 95.230 20,838.99 28,949.92 8,110.93 LT 201.00 0.69 Next Dividend Payable 06/06/17; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 95.75%$837,216.89 $982,270.67 $101,575.16 $43,478.62 LT ST $4,378.00 0.45% 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 7 1 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 122 of 126 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $837,216.89 $1,025,900.19 $101,575.16 $43,478.62 LT ST $4,380.00 $0.00 0.43% TOTAL VALUE (includes accrued interest)100.00%$1,025,900.19 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 $43,629.52 —————— Stocks —$982,270.67 ————— TOTAL ALLOCATION OF ASSETS $43,629.52 $982,270.67 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/3 5/8 Bought COGNEX CORP ACTED AS AGENT 57.000 $88.2491 $(5,030.20) 5/5 5/10 Sold ILLUMINA INC ACTED AS AGENT 25.000 188.5683 4,714.10 5/5 5/10 Bought DEXCOM INC ACTED AS AGENT 83.000 77.3504 (6,420.08) 5/5 5/10 Bought SHIRE PLC ADR ACTED AS AGENT 26.000 181.0214 (4,706.56) 5/9 5/12 Bought ACUITY BRANDS INC ACTED AS AGENT 7.000 190.9891 (1,336.92) 5/11 5/16 Sold VERTEX PHARMACEUTICALS ACTED AS AGENT 65.000 114.1014 7,416.42 5/18 5/23 Bought PIONEER NATURAL RESOURCES CO ACTED AS AGENT 43.000 173.2049 (7,447.81) 5/22 5/25 Sold ALIBABA GROUP HLDG LTD ACTED AS AGENT 74.000 124.8555 9,239.10 5/22 5/25 Sold SERVICENOW INC ACTED AS AGENT 46.000 101.4782 4,667.89 5/24 5/30 Sold SALESFORCE.COM,INC.ACTED AS AGENT 15.000 89.4214 1,341.29 5/24 5/30 Sold ADOBE SYSTEMS ACTED AS AGENT 9.000 140.4593 1,264.10 5/24 5/30 Sold VISA INC CL A ACTED AS AGENT 13.000 94.2513 1,225.24 5/24 5/30 Sold NVIDIA CORPORATION ACTED AS AGENT 8.000 138.3826 1,107.03 5/24 5/30 Bought ALEXION PHARM INC ACTED AS AGENT 58.000 100.5685 (5,832.97) 5/25 5/31 Sold SPLUNK INC ACTED AS AGENT 47.000 66.7717 3,138.20 5/25 5/31 Sold EDWARD LIFESCIENCES CORP ACTED AS AGENT 22.000 114.1145 2,510.46 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 123 of 126 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 5/30 6/2 Sold AMAZON COM INC ACTED AS AGENT 3.000 998.5029 2,995.44 5/30 6/2 Sold ALIBABA GROUP HLDG LTD ACTED AS AGENT 24.000 123.7615 2,970.21 5/30 6/2 Sold COSTCO WHOLESALE CORP NEW ACTED AS AGENT 15.000 178.4398 2,676.54 5/30 6/2 Sold ULTA BEAUTY INC ACTED AS AGENT 8.000 303.8704 2,430.90 5/30 6/2 Sold SALESFORCE.COM,INC.ACTED AS AGENT 24.000 90.8778 2,181.02 5/30 6/2 Sold SERVICENOW INC ACTED AS AGENT 20.000 104.9831 2,099.61 5/31 6/5 Sold ACTIVISION BLIZZARD INC ACTED AS AGENT 51.000 58.5898 2,988.01 TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $24,191.02 TOTAL PURCHASES $(30,774.54) TOTAL SALES AND REDEMPTIONS $54,965.56 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) 5/30 6/2 Sold ALIBABA GROUP HLDG LTD UNSETTLED SALE 24.000 $123.7615 $2,970.21 5/30 6/2 Sold AMAZON COM INC UNSETTLED SALE 3.000 998.5029 2,995.44 5/30 6/2 Sold COSTCO WHOLESALE CORP NEW UNSETTLED SALE 15.000 178.4398 2,676.54 5/30 6/2 Sold SALESFORCE.COM,INC.UNSETTLED SALE 24.000 90.8778 2,181.02 5/30 6/2 Sold SERVICENOW INC UNSETTLED SALE 20.000 104.9831 2,099.61 5/30 6/2 Sold ULTA BEAUTY INC UNSETTLED SALE 8.000 303.8704 2,430.90 5/31 6/5 Sold ACTIVISION BLIZZARD INC UNSETTLED SALE 51.000 58.5898 2,988.01 NET UNSETTLED PURCHASES/SALES $18,341.73 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) 5/1 Qualified Dividend BRISTOL MYERS SQUIBB CO $266.76 5/1 Qualified Dividend ACUITY BRANDS INC 13.00 5/10 Qualified Dividend ACTIVISION BLIZZARD INC 195.90 5/26 Qualified Dividend COSTCO WHOLESALE CORP NEW 1,071.00 5/26 Qualified Dividend STARBUCKS CORP WASHINGTON 154.00 5/26 Qualified Dividend CHARLES SCHWAB NEW 57.20 5/30 Qualified Dividend COSTCO WHOLESALE CORP NEW 76.50 5/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 05/01-05/31) 0.10 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,834.46 TOTAL QUALIFIED DIVIDENDS $1,834.36 TOTAL INTEREST $0.10 00 0 1 4 7 M S A D S 2 7 1 0 1 0 0 7 2 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 124 of 126 CASH RELATED ACTIVITY OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 5/2 Service Fee ALIBABA GROUP HLDG LTD AGENT CUSTODY FEE $0.0200/SH $(7.02) TOTAL OTHER CREDITS AND DEBITS $(7.02) TOTAL OTHER DEBITS $(7.02) MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 5/1 Automatic Investment BANK DEPOSIT PROGRAM $279.76 5/2 Automatic Investment BANK DEPOSIT PROGRAM 5,450.69 5/3 Automatic Redemption BANK DEPOSIT PROGRAM (7.02) 5/8 Automatic Redemption BANK DEPOSIT PROGRAM (5,030.20) 5/10 Automatic Redemption BANK DEPOSIT PROGRAM (6,216.64) 5/12 Automatic Redemption BANK DEPOSIT PROGRAM (1,336.92) 5/17 Automatic Investment BANK DEPOSIT PROGRAM 7,416.42 5/23 Automatic Redemption BANK DEPOSIT PROGRAM (7,447.81) 5/26 Automatic Investment BANK DEPOSIT PROGRAM 15,189.19 5/30 Automatic Redemption BANK DEPOSIT PROGRAM (818.81) 5/31 Automatic Investment BANK DEPOSIT PROGRAM 0.10 NET ACTIVITY FOR PERIOD $7,478.76 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 ADOBE SYSTEMS 09/08/15 05/24/17 9.000 $1,264.10 $709.49 $554.61 ALIBABA GROUP HLDG LTD 10/09/15 05/22/17 11.000 1,373.38 752.61 620.77 12/22/15 05/22/17 25.000 3,121.32 2,118.41 1,002.91 02/17/16 05/22/17 38.000 4,744.40 2,530.80 2,213.60 02/17/16 05/30/17 24.000 2,970.21 1,598.40 1,371.81 AMAZON COM INC 09/04/15 05/30/17 3.000 2,995.44 1,491.89 1,503.55 EDWARD LIFESCIENCES CORP 02/17/16 05/25/17 16.000 1,825.79 1,368.12 457.67 04/06/16 05/25/17 6.000 684.67 641.51 43.16 ILLUMINA INC 09/04/15 05/05/17 25.000 4,714.10 4,829.00 (114.90) SALESFORCE.COM,INC.02/17/16 05/24/17 15.000 1,341.29 947.21 394.08 02/17/16 05/30/17 24.000 2,181.02 1,515.53 665.49 SERVICENOW INC 02/17/16 05/22/17 46.000 4,667.89 2,494.58 2,173.31 02/17/16 05/30/17 20.000 2,099.61 1,084.60 1,015.01 Account Detail CLIENT STATEMENT For the Period May 1-31, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 125 of 126 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments SPLUNK INC 08/28/15 05/25/17 47.000 3,138.20 2,932.70 205.50 VERTEX PHARMACEUTICALS 03/12/15 05/11/17 65.000 7,416.42 7,997.96 (581.54) VISA INC CL A 06/26/15 05/24/17 13.000 1,225.24 891.14 334.10 Long-Term This Period $45,763.08 $33,903.95 $11,859.13 Long-Term Year to Date $138,129.00 $104,999.71 $33,129.29 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ACTIVISION BLIZZARD INC 06/20/16 05/31/17 51.000 2,988.01 1,980.50 1,007.51 COSTCO WHOLESALE CORP NEW 11/11/16 05/30/17 15.000 2,676.54 2,228.47 448.07 NVIDIA CORPORATION 12/01/16 05/24/17 8.000 1,107.03 714.90 392.13 ULTA BEAUTY INC 11/23/16 05/30/17 8.000 2,430.90 2,099.35 331.55 Short-Term This Period $9,202.48 $7,023.22 $2,179.26 Short-Term Year to Date $56,857.19 $56,500.27 $356.92 Net Realized Gain/(Loss) This Period $54,965.56 $40,927.17 $14,038.39 Net Realized Gain/(Loss) Year to Date $194,986.19 $161,499.98 $33,486.21 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 0 1 4 7 M S A D S 2 7 1 0 1 0 0 7 3 This page intentionally left blank Page 126 of 126