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09 - June 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 6/30/17)$17,602,441.86 Includes Accrued Interest CLIENT STATEMENT For the Period June 1-30, 2017 660 - 110179 - 095 -1 - 0 STATEMENT PACKAGE FOR: CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Morgan Stanley Smith Barney LLC. Member SIPC. Access Your Account s Online: www.morganstanley.com/online Your Financial Advisor Team BAGWELL/BRIDGES/TAYLOR 407-849-4700 Your Branch 201 E. PINE ST 11TH FL ORLANDO, FL 32801 Telephone:407-849-4700 ; Alt. Phone:800-869-0007 ; Fax:407-849-4797 Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326 000264 MSADS231 100000 #BWNJGWM CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM C/O RUSSELL CAFFEY 800 SEMINOLE ROAD ATLANTIC BCH FL 32233-5444 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 4 Consolidated Summary CLIENT STATEMENT For the Period June 1-30, 2017 This summary may include assets held in either brokerage and/or advisory accounts. Visit http://www.morganstanley.com/ourcommitment to understand the differences between brokerage and advisory accounts. Refer to individual Account Gain/(Loss) Summary and Expanded Disclosures for additional information. Accounts with no balances, holdings or activity year-to-date are not displayed on this page. >: Wash sale rules apply to some portion of this total.CONTINUED Page 2 of 144 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 (6/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (6/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page TOTAL FOR ALL ACCOUNTS $17,475,907 $123 —$126,411 $17,602,441 $40,628 $149,432 $(10,500) $130,765 $220,968 $1,282,947 Business Accounts CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-110179-095 491,072 432,000 —8 923,080 8 44 — — — — 9 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Sage Advisory - Intermediate Taxab 660-035174-095 Invest Advisory 4,395,343 ——(7,403)4,387,939 6,222 49,905 (39,930) 2,020 >(1,415) 6,143 > > 15 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM 660-035178-095 Invest Advisory 5,006,056 ——27,327 5,033,384 20,702 41,283 — — 37,421 415,458 31 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Pioneer Invest Fundamental Growth Nickname: Pioneer 660-035191-095 Invest Advisory 1,034,914 ——2,345 1,037,259 1,719 7,151 852 262 90,875 34,211 39 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM JP Morgan - Equity Income SMA 660-110029-095 Invest Advisory 2,428,291 ——32,822 2,461,113 8,541 31,934 2,475 6,226 35,580 294,255 51 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Boston Partners - Smid Cap Value 660-110134-095 Invest Advisory 1,537,952 (215,938)—45,384 1,367,398 2,096 12,267 10,305 55,338 > > 19,719 177,932 > > 75 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Riverbridge Partners - SMID Growth 660-110145-095 Invest Advisory 1,556,377 (215,938)—8,353 1,348,791 1,001 3,592 15,182 31,322 15,457 218,710 111 Consolidated Summary CLIENT STATEMENT For the Period June 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 3 of 144 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 (6/1/17) Funds Credited/(Debited) Security/Currency Transfers Rcvd/(Dlvd)Change in Value Ending Value (6/30/17) Income/Dist This Period/YTD YTD Realized Gain/(Loss) (Total ST/LT) Unrealized Gain/(Loss) (Total ST/LT) Page CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Columbia Mgmt - Select LC Grwth 660-110222-095 Invest Advisory 1,025,900 ——17,573 1,043,473 336 3,252 614 35,596 23,329 136,235 > 131 Total Business Accounts $17,475,907 $123 —$126,411 $17,602,441 $40,628 $149,432 $(10,500) $130,765 $220,968 $1,282,947 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 5 Consolidated Summary CLIENT STATEMENT For the Period June 1-30, 2017 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. Page 4 of 144 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 14 15 16 17 18 19 ($ ) M i l l i o n s 2016 2017 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $17,475,907.01 $16,453,513.18 Credits 432,000.00 864,000.00 Debits (431,876.92)(899,373.11) Security Transfers —— Net Credits/Debits/Transfers $123.08 $(35,373.11) Change in Value 126,411.77 1,184,301.79 TOTAL ENDING VALUE $17,602,441.86 $17,602,441.86 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. Cash Equities Fixed Income & Preferreds Alternatives ASSET ALLOCATION (includes accrued interest) Market Value Percentage Cash $1,165,853.18 6.62 Equities 11,105,247.42 63.09 Fixed Income & Preferreds 4,322,119.80 24.55 Alternatives 1,009,221.46 5.73 TOTAL VALUE $17,602,441.86 100.00 % FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 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 June 1-30, 2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Page 5 of 144 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $760,096.93 $1,271,031.47 Purchases (961,635.74)(5,131,798.11) Dividend Reinvestments —(9,351.12) Sales and Redemptions 1,290,532.21 4,909,234.26 Prior Net Unsettled Purch/Sales 34,169.87 N/A 2016 Net Unsettled Purch/Sales N/A 4,599.04 Net Unsettled Purch/Sales 6,731.72 6,731.72 Return of Principal 1,938.29 8,078.23 Income and Distributions 40,628.54 149,432.52 Total Investment Related Activity $412,364.89 $(63,073.46) Electronic Transfers-Credits 432,000.00 864,000.00 Electronic Transfers-Debits (432,000.00)(864,000.00) Other Debits 123.08 (35,373.11) Total Cash Related Activity $123.08 $(35,373.11) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $1,172,584.90 $1,172,584.90 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $760,096.93 $1,172,584.90 Stocks 7,389,203.58 7,166,511.39 ETFs & CEFs 3,017,123.55 3,014,070.35 Corporate Fixed Income ^2,463,572.68 2,717,422.95 Government Securities^1,878,840.72 1,597,276.71 Mutual Funds 1,932,899.68 1,941,307.28 Net Unsettled Purchases/Sales 34,169.87 (6,731.72) Total Assets $17,475,907.01 $17,602,441.86 Total Liabilities (outstanding balance)—— TOTAL VALUE $17,475,907.01 $17,602,441.86 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 6 CLIENT STATEMENT For the Period June 1-30, 2017 GIMA Status Definitions Page 6 of 144 GIMA STATUS IN INVESTMENT ADVISORY PROGRAMS Global Investment Manager Analysis (GIMA) reviews certain investment products in various advisory programs. For these programs, a GIMA status will apply: Focus (FL): Investment products on the Focus List have been subject to an in-depth review and possess GIMA’s highest level of confidence. Approved (AL): Investment products on the Approved List have typically been subject to a less rigorous review process and have been approved for recommendation to investors. Not Approved (NL): Investment products that were previously on the Focus List or Approved List but are no longer on either of those lists. GIMA no longer covers these products. For more information, please ask your Financial Advisor for the applicable Morgan Stanley ADV brochure. Expanded Disclosures CLIENT STATEMENT For the Period June 1-30, 2017 CONTINUED Page 7 of 144 Expanded Disclosures, which apply to all statements Morgan Stanley Smith Barney LLC (we/us) sends to you, are provided with your first statement and thereafter twice a year. 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 Please 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 or mail to P.O. Box 95002, South Jordan, UT 84095, or “Contact Us” at www.morganstanley.com. Senior Investor Helpline For concerns or complaints, Senior Investors may contact our Firm at (800) 280-4534 or use the PO Box or corporate website listed above. Account Valuation Account values are computed by adding (1) the market value of all priced positions and (2) market values provided by pricing services and/or outside custodians, as applicable for other positions, and by adding any credit or subtracting any debit to your closing Cash, Money Market Funds and/or Deposit balance. Cash, Deposits and Money Market Funds are displayed on a settlement date basis, and other positions are displayed in your account on a trade date basis. The values of fixed income positions in summary displays include accrued interest in the totals. In the “Holdings” section, fixed income market value and accrued interest are also displayed in separate columns. Accrued interest is the interest earned but not yet paid on the bond since its last interest payment. In most cases, it is calculated from the date of the last coupon payment (or “dated date”) through the closing date of the statement. Foreign Currency Deposits are reflected in U.S. dollars as of the statement end date. The Annual Percentage Yield (APY) for deposits represents the applicable rate in effect for your deposits at the statement ending date. This APY may be different than the APY that was in effect during the statement period. For current Bank Deposit or Money Market Fund yields, go to www.morganstanley.com/wealth-investmentstrategies/ratemonitor.html. Additional Retirement Account Information Tax-qualified account contributions are subject to IRS eligibility rules and regulations. The Contributions information in this statement reflects contributions for a particular account, without reference to any other account. Check with your tax advisor to verify how much you can contribute, if the contribution will be tax deductible, and if other special rules apply (e.g., to conversions/recharacterizations of Traditional to Roth/Roth to Traditional IRAs). Tax reporting is provided for IRA, VIP Basic and 403(b) accounts but not for VIP Plus and RPM accounts. The account value used for your Required Minimum Distribution calculation, if any, is based on the prior December 31st Account Value, including accrued interest. Additionally, for IRAs (1) the "Max. Individual Contributions Allowed (by SSN)" reflects the annual limit on contributions that you can make to Traditional and Roth IRAs under the Internal Revenue Code (this limit applies on a per person basis, not per account; other rules apply to IRAs which are part of employer- sponsored plans); (2) you cannot make an individual contribution to a Traditional IRA for the year in which you reach age 70 1/2 or any later year; and (3) the categorization of any contribution’s deductibility is based upon information provided by you. The information included in this statement is not intended to constitute tax, legal or accounting advice. Contact us if any of this information is incorrect. 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. Gain/(Loss) Information Gain/(Loss) is provided for informational purposes. It is not a substitute for Internal Revenue Service (IRS) Form 1099 (on which we report cost basis for covered securities) or any other IRS tax form, and should not be used for tax preparation. Unrealized Gain/(Loss) provided on this statement is an estimate. Contact your own independent legal or tax advisor to determine the appropriate use of the Gain/(Loss) information on this statement. For more information, go to www.morganstanley.com/wealth/disclosures/disclosures.asp, or call Client Service Center. Tax Reporting Under Federal Income Tax law, we are required to report gross proceeds of sales (including entering into short sales) on Form 1099-B by February 15 of the year following the calendar year of the transaction for reportable (i.e. non-retirement) accounts. For sales of certain securities acquired on or after January 1, 2011 (or applicable date for the type of security) we are also required to report cost basis and holding period. Under Internal Revenue Service regulations, if you have not provided us with a certification of either U.S. or foreign status on applicable Form W-9 or W-8, your accounts may be subject to either 28% back-up withholding or 30% nonresident alien withholding on payments made to your accounts. Investment Objectives The following is an explanation of the investment objective alternatives applicable to your account(s): Income - for investors seeking regular income with low to moderate risk to principal; Capital Appreciation - for investors seeking capital appreciation with moderate to high risk to principal; Aggressive Income - for investors seeking higher returns either as growth or as income with greater risk to principal; Speculation - for investors seeking high profits or quick returns with considerable possibility of losing most or all of their investment. 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. The amount you may borrow is based on the value of eligible securities in your margin accounts. If a security has eligible shares the number of shares pledged as collateral is indicated below the position. If you have a margin account, as permitted by law, we may use certain securities in your account for, among other things, settling short sales or lending the securities for short sales, for which we may receive compensation. 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 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 7 Expanded Disclosures (CONTINUED) CLIENT STATEMENT For the Period June 1-30, 2017 Page 8 of 144 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. Money Market Fund (MMF) Pricing You could lose money in MMFs. Although MMFs classified as government funds (i.e., MMFs that invest 99.5% of total assets in cash and/or securities backed by the U.S government) and retail funds (i.e., MMFs open to natural person investors only) seek to preserve value at $1.00 per share, they cannot guarantee they will do so. The price of other MMFs will fluctuate and when you sell shares they may be worth more or less than originally paid. MMFs may impose a fee upon sale or temporarily suspend sales if liquidity falls below required minimums. During suspensions, shares would not be available for purchases, withdrawals, check writing or ATM debits. A MMF investment is not insured or guaranteed by the Federal Deposit Insurance Corporation or other government agency. Notice Regarding Global Investment Manager Analysis Morgan Stanley’s Global Investment Manager Analysis team conducts analysis on various mutual funds and exchange-traded funds for clients holding those funds in certain investment advisory programs. If you have invested in any of these funds in another type of account, such as a brokerage account, you will not receive the same materials and status updates on the funds as we provide to investment advisory clients (including instructions on selling fund shares). Pricing of Securities The prices of securities are derived from various sources, and do not necessarily represent the prices at which those securities could have been bought or sold. Although we attempt to use reliable sources of information, we can offer no assurance as to their accuracy. Prices of securities not actively traded may not be available, and are indicated by N/A (not available). For additional information on how we price securities, go to www.morganstanley.com/wealth/disclosures/disclosures.asp. 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, which may include, but are not limited to: loss of initial investment; issuer credit risk and price volatility resulting from any actual or anticipated changes to issuer's and/or guarantor's credit ratings or credit spreads; limited or no appreciation and limits on participation in any appreciation of underlying asset(s); risks associated with the underlying reference asset(s); no periodic payments; call prior to maturity; early redemption fees for market linked deposits; lower interest rates and/or yield compared to conventional debt with comparable maturity; unique tax implications; limited or no secondary market; and conflicts of interest due to affiliation, compensation or other factors which could adversely affect market value or payout to investors. Investors also 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. When displayed, the accrued interest, annual income and yield for structured investments with a contingent income feature (e.g., Range Accrual Notes and Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant observation period and payment in full of all contingent interest. Actual accrued interest, annual income and yield will be dependent upon the performance of the underlying asset(s) and may be significantly lower than the estimates shown. 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. For more information on the risks specific to your Structured Investments, contact your Financial Advisor. 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. Certain Assets Not Held at Morgan Stanley Smith Barney LLC You may purchase certain assets through us that may be held at another financial institution. Assets not held with us may not be covered by SIPC protection. We may include information about certain of these assets on this statement solely as a service to you and are not responsible for any information provided by external sources. Generally, any financial institution that holds securities is responsible for year-end reporting (1099s) and separate periodic statements, which may vary from our information due to different tax reporting periods. In the case of networked mutual funds, we perform all year-end tax reporting. Under certain circumstances, such as IRA accounts, we perform all tax reporting. Total Income Total income, as used in the income summaries, represents dividends and/or interest on securities we receive on your behalf and credit to your account(s) during the calendar year. We report dividend distributions and taxable bond interest credited to your account to the Internal Revenue Service. The totals we report may differ from those indicated as "This Year" figures on the last statement for the calendar year. In the case of Real Estate Investment Trusts (REITs), Master Limited Partnerships, Regulated Investment Companies and Unit Investment Trusts, some sponsors may reclassify the distribution to a different tax type for year-end reporting. Transaction Dates and Conditions Transactions display trade date and settlement date. Transactions are included on this statement on trade date basis (excluding BDP and MMFs). Trades that have not settled as of statement month end will also be displayed in the “Unsettled Purchases/Sales Activity” section. Upon written request, we will give you 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. Tax and Legal Disclosure Morgan Stanley does not provide legal or tax advice. Please consult your own tax advisor. Revised 03/2017 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 (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $491,072.19 $923,036.35 Credits 432,000.00 432,000.00 Debits —(432,000.00) Security Transfers —— Net Credits/Debits/Transfers $432,000.00 — Change in Value 8.20 44.04 TOTAL ENDING VALUE $923,080.39 $923,080.39 MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 0 300 600 900 1,200 1,500 ($ ) 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 9 of 144 ASSET ALLOCATION (includes accrued interest) Cash Market Value Percentage Cash $923,080.39 100.00 TOTAL VALUE $923,080.39 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement.00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 8 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 10 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $491,072.19 $923,080.39 Total Assets $491,072.19 $923,080.39 Total Liabilities (outstanding balance)—— TOTAL VALUE $491,072.19 $923,080.39 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $491,072.19 $923,036.35 Income and Distributions 8.20 44.04 Total Investment Related Activity $8.20 $44.04 Electronic Transfers-Credits 432,000.00 432,000.00 Electronic Transfers-Debits —(432,000.00) Total Cash Related Activity $432,000.00 — Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $923,080.39 $923,080.39 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Interest $8.20 $44.04 Total Taxable Income And Distributions $8.20 $44.04 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $8.20 $44.04 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) TOTAL GAIN/(LOSS)——— The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Active Assets Account 660-110179-095 Investment Objectives †: Capital Appreciation,Income Brokerage Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 11 of 144 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY BANK N.A. #$678,077.78 —$678.00 0.100 MORGAN STANLEY PRIVATE BANK NA #245,002.61 —245.00 0.100 BANK DEPOSITS $923,080.39 $923.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 100.00%$923,080.39 $923.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $0.00 $923,080.39 $923.00 $0.00 0.10% TOTAL VALUE (includes accrued interest)100.00%$923,080.39 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 0 9 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 12 of 144 ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $923,080.39 —————— TOTAL ALLOCATION OF ASSETS $923,080.39 —————— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/30 Interest Income MORGAN STANLEY BANK N.A. (Period 06/01-06/30) $5.59 6/30 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 06/01-06/30) 2.61 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $8.20 TOTAL INTEREST $8.20 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 6/15 Cash Transfer - Credit FUNDS TRANSFERRED CONFIRMATION # 72000394 FROM 660-110145 $216,000.00 6/15 Cash Transfer - Credit FUNDS TRANSFERRED CONFIRMATION # 72000465 FROM 660-110134 216,000.00 TOTAL ELECTRONIC TRANSFERS $432,000.00 TOTAL ELECTRONIC TRANSFERS-CREDITS $432,000.00 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/15 Automatic Investment BANK DEPOSIT PROGRAM $432,000.00 6/30 Automatic Investment BANK DEPOSIT PROGRAM 5.59 6/30 Automatic Investment BANK DEPOSIT PROGRAM 2.61 NET ACTIVITY FOR PERIOD $432,008.20 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Active Assets Account 660-110179-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 13 of 144 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 0 This page intentionally left blank Page 14 of 144 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 (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $4,395,343.10 $4,326,962.48 Credits —— Debits —(10,425.63) Security Transfers —— Net Credits/Debits/Transfers —$(10,425.63) Change in Value (7,403.20)71,403.05 TOTAL ENDING VALUE $4,387,939.90 $4,387,939.90 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 4.1 4.2 4.3 4.4 4.5 4.6 ($ ) 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 15 of 144 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $73,240.24 1.67 Fixed Income & Preferreds 4,314,699.66 98.33 TOTAL VALUE $4,387,939.90 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 1 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 16 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $52,929.70 $73,240.24 Corporate Fixed Income^2,463,572.68 2,717,422.95 Government Securities^1,878,840.72 1,597,276.71 Total Assets $4,395,343.10 $4,387,939.90 Total Liabilities (outstanding balance)—— TOTAL VALUE $4,395,343.10 $4,387,939.90 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $52,929.70 $114,965.18 Purchases (857,859.94)(3,876,960.64) Sales and Redemptions 870,009.26 3,787,677.27 Return of Principal 1,938.29 8,078.23 Income and Distributions 6,222.93 49,905.83 Total Investment Related Activity $20,310.54 $(31,299.31) Other Debits —(10,425.63) Total Cash Related Activity —$(10,425.63) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $73,240.24 $73,240.24 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Interest $6,222.93 $49,905.83 Total Taxable Income And Distributions $6,222.93 $49,905.83 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $6,222.93 $49,905.83 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $1,123.76 $5,579.95 $11,398.93 Short-Term (Loss)(3,263.45)(45,510.03)(12,814.91) Total Short-Term $(2,139.69)$(39,930.08)$(1,415.98) Long-Term Gain 62.57 3,239.71 8,249.97 Long-Term (Loss)(886.13)(1,219.41)(2,106.96) Total Long-Term $(823.56)$2,020.30 $6,143.01 TOTAL GAIN/(LOSS)$(2,963.25)$(37,909.78)$4,727.03 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 June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 17 of 144 ADDITIONAL ACCOUNT INFORMATION Category This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17)Category This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Accrued Interest Paid $6,666.91 $21,913.17 Accrued Interest Received 2,121.32 13,963.76 U.S. Treasury Coupon Interest 950.63 7,576.38 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 2 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 18 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 04/24/13 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.48% Last Advisory Trade: 06/28/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Income Account Risk Tolerance:Conservative Primary Financial Need:Current Income Investment Time Horizon:Immediate Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 Investment Objectives †: Income Investment Advisory Account Manager:Sage Advisory - Intermediate Taxab CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 19 of 144 † 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. #$73,240.24 —$73.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.67%$73,240.24 $73.00 # 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 $99.901 $69,911.80 $69,911.80 $69,930.70 $18.90 LT $438.00 $228.47 0.62 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.661%; Moody BAA1 S&P BBB+; Issued 09/26/12; Asset Class: FI & Pref AMERICAN EXPRESS CO Coupon Rate 1.550%; Matures 05/22/2018; CUSIP 025816BG3 5/12/16 6/23/16 64,000.000 23,000.000 100.281 100.125 100.357 100.169 99.974 99.974 64,179.84 64,080.22 23,082.11 23,038.78 63,983.36 22,994.02 (96.86) (44.76) LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 20 of 144 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 % Total 87,000.000 87,261.95 87,119.00 86,977.38 (141.62)LT 1,349.00 142.34 1.55 Int. Semi-Annually May/Nov 22; Yield to Maturity 1.579%; Moody A3 S&P BBB+; Issued 05/22/13; Asset Class: FI & Pref BP CAPITAL MARKETS PLC Coupon Rate 2.241%; Matures 09/26/2018; CUSIP 05565QCG1 11/16/15 86,000.000 101.376 100.604 100.571 87,183.36 86,519.65 86,491.06 (28.59)LT 1,927.00 503.22 2.22 Int. Semi-Annually Mar/Sep 26; Yield to Maturity 1.772%; Moody A1 S&P A-; Issued 09/26/13; Asset Class: FI & Pref DOW CHEMCIAL CO Coupon Rate 8.550%; Matures 05/15/2019; CUSIP 260543BX0 3/2/17 74,000.000 113.834 111.865 112.004 84,237.16 82,779.75 82,882.96 103.21 ST 6,327.00 790.87 7.63 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.994%; Moody BAA2 S&P BBB (*); Issued 05/13/09; Asset Class: FI & Pref ACTAVIS FUNDING SCS Coupon Rate 3.000%; Matures 03/12/2020; CUSIP 00507UAP6 6/8/17 85,000.000 102.322 102.281 102.122 86,973.70 86,938.63 86,803.70 (134.93)ST 2,550.00 765.00 2.93 Int. Semi-Annually Mar/Sep 12; Callable $100.00 on 02/12/20; Yield to Call 2.161%; Moody BAA3 S&P BBB; Issued 03/12/15; Asset Class: FI & Pref ABBOTT LABORATORIES Coupon Rate 2.000%; Matures 03/15/2020; CUSIP 002824AZ3 6/5/17 88,000.000 100.160 100.156 99.763 88,140.80 88,137.62 87,791.44 (346.18)ST 1,760.00 513.33 2.00 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.090%; Moody BAA3 S&P BBB (-); Issued 03/10/15; Asset Class: FI & Pref APPLE INC Coupon Rate 1.800%; Matures 05/11/2020; CUSIP 037833CS7 6/1/17 88,000.000 100.133 100.130 99.942 88,117.04 88,114.33 87,948.96 (165.37)ST 1,584.00 215.59 1.80 Int. Semi-Annually May/Nov 11; Yield to Maturity 1.821%; First Coupon 11/11/17; Moody AA1 S&P AA+; Issued 05/11/17; Asset Class: FI & Pref CVS HEALTH CORP Coupon Rate 2.800%; Matures 07/20/2020; CUSIP 126650CJ7 6/15/17 85,000.000 101.963 101.944 101.810 86,668.55 86,652.47 86,538.50 (113.97)ST 2,380.00 1,057.77 2.75 Int. Semi-Annually Jan/Jul 20; Callable $100.00 on 06/20/20; Yield to Call 2.168%; Moody BAA1 S&P BBB+; Issued 07/20/15; Asset Class: FI & Pref VERIZON COMMUNICATIONS Coupon Rate 4.500%; Matures 09/15/2020; CUSIP 92343VBQ6 2/1/17 76,000.000 106.562 105.857 106.824 80,987.12 80,451.39 81,186.24 734.85 ST 3,420.00 997.50 4.21 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.281%; 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 84,000.000 103.995 103.884 103.110 87,355.80 87,262.70 86,612.40 (650.30)ST 3,024.00 629.99 3.49 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/20; Yield to Call 2.583%; 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 80,000.000 106.491 105.797 106.025 85,192.80 84,637.21 84,820.00 182.79 ST 3,360.00 980.00 3.96 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/21; Yield to Call 2.452%; 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 80,000.000 107.824 107.544 107.892 86,259.20 86,034.93 86,313.60 278.67 ST 3,800.00 1,741.66 4.40 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.677%; 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 83,000.000 111.829 108.707 109.605 92,818.07 90,227.03 90,972.15 745.12 LT 4,358.00 1,851.93 4.79 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.742%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 21 of 144 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 % WILLIAMS PARTNERS LP Coupon Rate 3.350%; Matures 08/15/2022; CUSIP 96950FAJ3 8/10/16 91,000.000 97.255 97.255 100.537 88,502.05 88,502.05 91,488.67 2,986.62 ST 3,049.00 1,143.18 3.33 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 05/15/22; Yield to Call 3.229%; Moody BAA3 S&P BBB; Issued 08/14/12; Asset Class: FI & Pref ABBVIE INC Coupon Rate 2.900%; Matures 11/06/2022; CUSIP 00287YAL3 7/23/14 11/16/15 4,000.000 82,000.000 97.377 97.377 96.934 96.934 100.941 100.941 3,895.08 3,895.08 79,485.88 79,485.88 4,037.64 82,771.62 142.56 3,285.74 LT LT Total 86,000.000 83,380.96 83,380.96 86,809.26 3,428.30 LT 2,494.00 374.10 2.87 Int. Semi-Annually May/Nov 06; Yield to Maturity 2.709%; 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 86,000.000 100.842 100.798 101.401 86,724.12 86,686.32 87,204.86 518.54 ST 2,639.00 1,143.71 3.02 Int. Semi-Annually Jan/Jul 24; Callable $100.00 on 01/24/22; Yield to Call 2.740%; 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 99.660 100.125 100.099 101.957 101.957 7,972.80 7,972.80 78,097.50 78,077.42 8,156.56 79,526.46 183.76 1,449.04 LT LT Total 86,000.000 86,070.30 86,050.22 87,683.02 1,632.80 LT 2,752.00 1,184.88 3.13 Int. Semi-Annually Jan/Jul 25; Yield to Maturity 2.818%; 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 83,000.000 104.564 103.797 102.973 86,788.12 86,151.22 85,467.59 (683.63)LT 2,739.00 1,133.64 3.20 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 12/01/22; Yield to Call 2.706%; 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 79,000.000 107.350 106.963 109.350 84,806.50 84,500.72 86,386.50 1,885.78 ST 4,641.00 1,315.02 5.37 Int. Semi-Annually Mar/Sep 18; Yield to Maturity 4.152%; 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 97.842 88,051.04 88,046.28 86,100.96 (1,945.32)ST 1,980.00 396.00 2.29 Int. Semi-Annually Apr/Oct 18; Yield to Maturity 2.624%; 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 98.309 85,404.00 85,404.00 86,511.92 1,107.92 ST 2,992.00 374.00 3.45 Int. Semi-Annually May/Nov 15; Callable $100.00 on 02/15/25; Yield to Maturity 3.649%; 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 83,000.000 102.442 102.185 103.396 85,026.86 84,813.62 85,818.68 1,005.06 LT 3,320.00 267.44 3.86 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 03/01/25; Yield to Call 3.491%; 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 87,000.000 100.595 100.586 101.195 87,517.65 87,509.58 88,039.65 530.07 ST 3,176.00 1,314.30 3.60 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 22 of 144 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 01; Callable $100.00 on 11/03/25; Yield to Call 3.483%; Moody BAA2 S&P A-; Issued 01/20/16; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 4.450%; Matures 03/03/2026; CUSIP 06051GFU8 10/4/16 5/18/17 82,000.000 2,000.000 107.141 106.664 104.587 104.540 104.074 104.074 87,855.62 87,464.59 2,091.74 2,090.80 85,340.68 2,081.48 (2,123.91) (9.32) ST ST Total 84,000.000 89,947.36 89,555.39 87,422.16 (2,133.23)ST 3,738.00 1,214.85 4.27 Int. Semi-Annually Mar/Sep 03; Yield to Maturity 3.892%; 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 87,000.000 111.762 111.422 111.764 97,232.94 96,937.16 97,234.68 297.52 ST 5,111.00 5.25 Int. Semi-Annually Jun/Dec 30; Callable $100.00 on 12/31/25; Yield to Call 4.214%; Moody BAA3 S&P BBB-; Issued 12/31/16; Asset Class: FI & Pref TEVA PHARMACEUTICALS NE Coupon Rate 3.150%; Matures 10/01/2026; CUSIP 88167AAE1 6/12/17 6/16/17 44,000.000 42,000.000 94.713 94.713 95.528 95.528 94.968 94.968 41,673.72 41,673.72 40,121.76 40,121.76 41,785.92 39,886.56 112.20 (235.20) ST ST Total 86,000.000 81,795.48 81,795.48 81,672.48 (123.00)ST 2,709.00 669.72 3.31 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 3.800%; Moody BAA2 S&P BBB; Issued 07/21/16; Asset Class: FI & Pref FIBRIA OVERSEAS FINANCE Coupon Rate 5.500%; Matures 01/17/2027; CUSIP 31572UAF3 6/2/17 6/7/17 36,000.000 39,000.000 103.500 103.481 104.250 104.231 102.140 102.140 37,260.00 37,253.10 40,657.50 40,650.26 36,770.40 39,834.60 (482.70) (815.66) ST ST Total 75,000.000 77,917.50 77,903.36 76,605.00 (1,298.36)ST 4,125.00 1,867.70 5.38 Int. Semi-Annually Jan/Jul 17; Yield to Maturity 5.212%; First Coupon 07/17/17; S&P BBB-; Issued 01/17/17; 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 99.474 100.009 100.009 100.009 61,306.84 61,306.84 12,888.85 12,888.85 12,931.62 12,931.62 62,005.58 13,001.17 13,001.17 698.74 112.32 69.55 ST ST ST Total 88,000.000 87,127.31 87,127.31 88,007.92 880.61 ST 3,190.00 992.44 3.62 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 01/01/27; Yield to Call 3.624%; First Coupon 10/01/17; S&P BBB; Issued 03/08/17; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 23 of 144 CORPORATE BONDS 2,343,000.000 $2,407,399.54 $2,399,150.18 $2,407,722.44 $5,976.34 $2,595.92 LT ST $84,932.00 $23,808.65 3.53% 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 1.538%; 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 $100.420 100.420 $29,905.08 $29,905.08 124,326.13 124,326.13 $30,126.00 125,525.00 $220.92 1,198.87 LT LT Total 155,000.000 154,231.21 154,231.21 155,651.00 1,419.79 LT 2,385.00 99.38 1.53 Interest Paid Monthly Jun 15; Yield to Maturity 1.428%; Floater; Moody AAA S&P AAA; Issued 02/13/14; Asset Class: FI & Pref COMET 2016-A6 A Coupon Rate 1.820%; Matures 09/15/2022; CUSIP 14041NFH9 3/16/17 130,000.000 99.789 99.789 100.033 129,725.83 129,725.83 130,042.90 317.07 ST 2,366.00 98.58 1.81 Interest Paid Monthly Jun 15; Yield to Maturity 1.813%; S&P AAA; Issued 12/08/16; Asset Class: FI & Pref OTHER FIXED INCOME 285,000.000 $283,957.04 $283,957.04 $285,693.90 $1,419.79 $317.07 LT ST $4,751.00 $197.96 1.66% 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 2,628,000.000 $2,691,356.58 $2,683,107.22 $2,693,416.34 $7,396.13 $2,912.99 LT ST $89,683.00 $24,006.61 3.33% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 61.93%$2,717,422.95 Watchlist and CreditWatch Indicators: (*) = developing/uncertain (+) = On Watchlist/CreditWatch Upgrade (-) = On Watchlist/CreditWatch Downgrade 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 24 of 144 GOVERNMENT SECURITIES TREASURY SECURITIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % UNITED STATES TREASURY NOTE Coupon Rate 0.750%; Matures 02/15/2019; CUSIP 912828P53 2/8/17 6/15/17 49,000.000 51,000.000 $99.180 $99.180 99.047 99.047 $99.035 99.035 $48,598.20 $48,598.20 50,514.07 50,514.07 $48,527.15 50,507.85 $(71.05) (6.22) ST ST Total 100,000.000 99,112.27 99,112.27 99,035.00 (77.27)ST 750.00 279.69 0.75 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.352%; Moody AAA; Issued 02/15/16; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.625%; Matures 06/30/2019; CUSIP 912828WS5 6/28/17 117,000.000 100.547 100.546 100.445 117,640.22 117,638.49 117,520.65 (117.84)ST 1,901.00 1.61 Int. Semi-Annually Jun/Dec 31; Yield to Maturity 1.399%; Moody AAA; Issued 06/30/14; 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 47,000.000 100.396 100.362 100.679 100.621 100.878 100.803 99.387 99.387 99.387 40,158.40 40,144.95 16,108.57 16,099.34 47,412.54 47,377.44 39,754.80 15,901.92 46,711.89 (390.15) (197.42) (665.55) LT LT LT H H H 7/4/16 19,000.000 101.290 101.180 99.387 19,245.19 19,224.29 18,883.53 (340.76)ST H 8/30/16 28,000.000 100.836 100.729 99.387 28,234.16 28,204.18 27,828.36 (375.82)ST 11/16/16 189,000.000 99.688 99.688 99.387 188,409.94 188,409.94 187,841.43 (568.51)ST Total 339,000.000 339,568.80 339,460.14 336,921.93 (1,253.12) (1,285.09) LT ST 4,238.00 1,755.87 1.25 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.492%; Moody AAA; Issued 01/31/15; Basis Adjustment Due to Wash Sale: $1,758.33; 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 99.297 118,135.82 118,135.82 118,163.43 27.61 ST 1,636.00 549.88 1.38 Int. Semi-Annually Feb/Aug 29; Yield to Maturity 1.603%; Moody AAA; Issued 08/31/15; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 2.125%; Matures 01/31/2021; CUSIP 912828B58 4/18/17 6/5/17 6/6/17 52,000.000 10,000.000 69,000.000 102.082 101.974 101.934 101.898 102.032 101.996 101.539 101.539 101.539 53,082.85 53,026.62 10,193.39 10,189.82 70,401.80 70,376.95 52,800.28 10,153.90 70,061.91 (226.34) (35.92) (315.04) ST ST ST Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 25 of 144 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 % Total 131,000.000 133,678.04 133,593.39 133,016.09 (577.30)ST 2,784.00 1,153.48 2.09 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.681%; 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 99.484 236,457.52 236,457.52 236,771.92 314.40 ST 4,165.00 1,035.56 1.75 Int. Semi-Annually Mar/Sep 30; Yield to Maturity 1.864%; Moody AAA; Issued 03/31/15; 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 29,000.000 80,000.000 49,000.000 98.653 98.653 98.454 98.454 100.231 100.229 99.535 99.535 99.535 28,609.28 28,609.28 78,762.80 78,762.80 49,113.14 49,112.24 28,865.15 79,628.00 48,772.15 255.87 865.20 (340.09) ST ST ST 6/6/17 92,000.000 100.903 100.897 99.535 92,830.48 92,825.34 91,572.20 (1,253.14)ST Total 250,000.000 249,315.70 249,309.66 248,837.50 (472.16)ST 5,625.00 2,097.72 2.26 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.304%; Moody AAA; Issued 02/15/17; Asset Class: FI & Pref TREASURY SECURITIES 1,294,000.000 $1,293,908.37 $1,293,707.29 $1,290,266.52 $(1,253.12) $(2,187.65) LT ST $21,099.00 $6,872.20 1.63% FEDERAL AGENCIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % INTL BK FOR RECON & DEV Coupon Rate 1.375%; Matures 05/24/2021; CUSIP 459058FH1 9/16/16 90,000.000 $99.936 $99.936 $97.912 $89,942.40 $89,942.40 $88,120.80 $(1,821.60)ST $1,238.00 1.40 Int. Semi-Annually May/Nov 24; Yield to Maturity 1.933%; 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 2/9/17 207,000.000 105.410 105.410 105.251 217,498.12 211,689.81 211,370.09 (319.72)ST 8,033.00 647.10 3.80 Interest Paid Monthly Jan 01; Yield to Maturity 3.706%; Factor .97016806; Issued 01/01/17; Current Face 200,824.788; Asset Class: FI & Pref FEDERAL AGENCIES 297,000.000 $307,440.52 $301,632.21 $299,490.89 $(2,141.32)ST $9,271.00 $647.10 3.10% 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 26 of 144 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 1,591,000.000 $1,601,348.89 $1,595,339.50 $1,589,757.41 $(1,253.12) $(4,328.97) LT ST $30,370.00 $7,519.30 1.91% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 36.40%$1,597,276.71 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,278,446.72 $4,356,413.99 $6,143.01 $(1,415.98) LT ST $120,126.00 $31,525.91 2.74% TOTAL VALUE (includes accrued interest)100.00%$4,387,939.90 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. H - Wash sale rules apply to this tax lot. The cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. The aggregate amount of the basis adjustment is identified in italics under the Security Description. ALLOCATION OF ASSETS (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $73,240.24 —————— Corporate Fixed Income^——$2,717,422.95 ———— Government Securities^——1,597,276.71 ———— TOTAL ALLOCATION OF ASSETS^$73,240.24 —$4,314,699.66 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/1 6/2 Sold FNMA 1750 19NV26 ACTED AS AGENT ACCRUED INTEREST 30.04 103,000.000 $100.7539 $103,806.56 6/2 6/5 Sold US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 218.78 32,000.000 100.6754 32,434.91 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 27 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/2 6/6 Bought APPLE INC 1800 20MY11 ACTED AS AGENT ACCRUED INTEREST 110.00 a/o 06/01/17 88,000.000 100.1330 (88,227.04) 6/2 6/7 Bought FIBRIA OVERSEAS 5500 27JA17 ACTED AS AGENT ACCRUED INTEREST 770.00 36,000.000 103.5000 (38,030.00) 6/5 6/6 Sold FNMA 1750 19NV26 ACTED AS AGENT ACCRUED INTEREST 53.96 111,000.000 100.7477 111,883.91 6/5 6/6 Bought US TSY NOTE 2125 21JA31 ACTED AS AGENT ACCRUED INTEREST 73.96 10,000.000 101.9339 (10,267.35) 6/6 6/7 Sold US TSY NOTE TIIN 0375 27JA15 ACTED AS AGENT ACCRUED INTEREST 130.15 87,000.000 100.1715 88,140.39 6/6 6/7 Sold US TSY NOTE TIIN 0125 20AP15 ACTED AS AGENT ACCRUED INTEREST 15.65 83,000.000 100.9372 87,287.06 6/6 6/7 Bought US TSY NOTE 2250 27FB15 ACTED AS AGENT ACCRUED INTEREST 640.44 92,000.000 100.9027 (93,470.92) 6/6 6/7 Bought US TSY NOTE 2125 21JA31 ACTED AS AGENT ACCRUED INTEREST 514.40 69,000.000 102.0316 (70,916.20) 6/7 6/12 Bought FIBRIA OVERSEAS 5500 27JA17 ACTED AS AGENT ACCRUED INTEREST 863.96 39,000.000 104.2500 (41,521.46) 6/8 6/8 Bought ABBOTT LABS 2000 20MH15 ACTED AS AGENT ACCRUED INTEREST 405.78 a/o 06/05/17 88,000.000 100.1600 (88,546.58) 6/8 6/13 Sold AMGEN INC 2200 *19MY22 ACTED AS AGENT ACCRUED INTEREST 110.37 86,000.000 100.6770 86,692.59 6/8 6/13 Bought ACTAVIS FUNDING 3000 *20MH12 ACTED AS AGENT ACCRUED INTEREST 644.58 85,000.000 102.3220 (87,618.28) 6/13 6/15 Sold CITIGROUP INC 3200 *26OC21 ACTED AS AGENT ACCRUED INTEREST 206.40 a/o 06/12/17 43,000.000 97.1320 41,973.16 6/13 6/15 Bought TEVA PHARMACEUTIC 3150 26OC01 ACTED AS AGENT ACCRUED INTEREST 284.90 a/o 06/12/17 44,000.000 94.7130 (41,958.62) 6/15 6/16 Sold US TSY NOTE 1250 20JA31 ACTED AS AGENT ACCRUED INTEREST 464.92 99,000.000 99.4723 98,942.50 6/15 6/16 Sold CVS HEALTH CORP 1900 18JL20 ACTED AS AGENT ACCRUED INTEREST 593.33 77,000.000 100.2700 77,801.23 6/15 6/16 Bought US TSY NOTE 0750 19FB15 ACTED AS AGENT ACCRUED INTEREST 127.85 51,000.000 99.0472 (50,641.92) 6/15 6/20 Bought CVS HEALTH CORP 2800 *20JL20 ACTED AS AGENT ACCRUED INTEREST 991.67 85,000.000 101.9630 (87,660.22) 6/16 6/21 Sold CITIGROUP INC 3200 *26OC21 ACTED AS AGENT ACCRUED INTEREST 250.67 47,000.000 97.7580 46,196.93 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 28 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/16 6/21 Bought TEVA PHARMACEUTIC 3150 26OC01 ACTED AS AGENT ACCRUED INTEREST 294.00 42,000.000 95.5280 (40,415.76) 6/28 6/29 Sold US TSY NOTE 0625 17NV30 ACTED AS AGENT ACCRUED INTEREST 47.05 95,000.000 99.7926 94,850.02 6/28 6/29 Bought US TSY NOTE 1625 19JN30 ACTED AS AGENT ACCRUED INTEREST 945.37 117,000.000 100.5472 (118,585.59) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $12,149.32 TOTAL PURCHASES $(857,859.94) TOTAL SALES AND REDEMPTIONS $870,009.26 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) 6/15 Return of Principal FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 $1,938.29 TOTAL RETURN OF PRINCIPAL $1,938.29 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/1 Interest Income HEALTH CARE REIT 4000 *25JN01 CUSIP: 42217KBF2 $1,660.00 6/15 Interest Income FHLMC 30G G08749 4000 47JA01 CUSIP: 3128MJZP8 675.87 6/15 Interest Income BACCT 2014-A1 A 1538 *21JNRG CUSIP: 05522RCQ9 182.74 6/16 Interest Income COMET 2016-A6 A 1820 *22SPRG CUSIP: 14041NFH9 197.17 6/30 Interest Income SABINE PASS LIQUE 5875 *26JN30 CUSIP: 785592AV8 2,555.63 6/30 Interest Income US TSY NOTE 1625 19JN30 CUSIP: 912828WS5 950.63 6/30 Interest Income MORGAN STANLEY BANK N.A. (Period 06/01-06/30) 0.89 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $6,222.93 TOTAL INTEREST $6,222.93 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/1 Automatic Investment BANK DEPOSIT PROGRAM $1,660.00 6/5 Automatic Investment BANK DEPOSIT PROGRAM 103,806.56 6/6 Automatic Investment BANK DEPOSIT PROGRAM 32,434.91 6/7 Automatic Redemption BANK DEPOSIT PROGRAM (13,600.15) 6/8 Automatic Redemption BANK DEPOSIT PROGRAM (88,546.58) 6/12 Automatic Redemption BANK DEPOSIT PROGRAM (41,521.46) 6/13 Automatic Redemption BANK DEPOSIT PROGRAM (925.69) 6/15 Automatic Investment BANK DEPOSIT PROGRAM 2,318.20 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 29 of 144 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 6/16 Automatic Investment BANK DEPOSIT PROGRAM 493.24 6/19 Automatic Investment BANK DEPOSIT PROGRAM 126,298.98 6/20 Automatic Redemption BANK DEPOSIT PROGRAM (87,660.22) 6/22 Automatic Investment BANK DEPOSIT PROGRAM 5,781.17 6/29 Automatic Redemption BANK DEPOSIT PROGRAM (23,735.57) 6/30 Automatic Investment BANK DEPOSIT PROGRAM 3,506.26 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.89 NET ACTIVITY FOR PERIOD $20,310.54 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 CVS HEALTH CORP 1.900 7-20-18 05/13/16 06/15/17 77,000.000 $77,207.90 $77,488.17 $(280.27) FNMA 1 3/4 11-26-19 11/10/15 06/01/17 15,000.000 15,113.09 15,050.52 62.57 05/12/16 06/01/17 70,000.000 70,527.73 71,133.59 (605.86) Long-Term This Period $162,848.72 $163,672.28 $(823.56) Long-Term Year to Date $509,409.42 $507,389.12 $2,020.30 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments AMGEN INC 2.200 5-22-19 11/22/16 06/08/17 86,000.000 86,582.22 86,519.62 62.60 CITIGROUP INC 3.200 10-21-26 12/24/16 06/12/17 43,000.000 41,766.76 41,869.53 (102.77)H 12/24/16 06/16/17 47,000.000 45,946.26 45,764.36 181.90 H Basis Adjustment Due To Wash Sale: $501.30 FHLMC 30G G08749 4.000 1-01-47 02/09/17 06/15/17 1,938.290 1,938.29 2,043.16 (104.87) FNMA 1 3/4 11-26-19 09/14/16 06/01/17 18,000.000 18,135.70 18,322.72 (187.02) 09/14/16 06/05/17 111,000.000 111,829.95 112,981.26 (1,151.31) US TSY NOTE 5/8 11-30-17 10/20/16 06/28/17 95,000.000 94,802.97 94,911.27 (108.30) US TSY NOTE 1 1/4 1-31-20 07/19/16 06/15/17 19,000.000 18,899.74 19,155.17 (255.43) 08/30/16 06/15/17 80,000.000 79,577.84 80,515.96 (938.12) US TSY NOTE 2 1/4 2-15-27 03/22/17 06/02/17 32,000.000 32,216.13 31,568.86 647.27 US TSY NOTE TIIN 1/8 4-15-20 02/15/17 06/06/17 83,000.000 87,271.41 87,687.04 (415.63) US TSY NOTE TIIN 3/8 1-15-27 02/09/17 06/06/17 87,000.000 88,010.24 87,778.25 231.99 Short-Term This Period $706,977.51 $709,117.20 $(2,139.69) 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035174-095 CITY OF ATLANTIC BEACH C/O GENERAL EMPLOYEE RETIREMENT Page 30 of 144 SHORT-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments Short-Term Year to Date $3,270,536.39 $3,310,466.47 $(39,930.08) Net Realized Gain/(Loss) This Period $869,826.23 $872,789.48 $(2,963.25) Net Realized Gain/(Loss) Year to Date $3,781,791.74 $3,817,855.59 $(37,909.78) Disallowed Loss Based On Wash Sale Year to Date: $2,259.63 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. MESSAGES Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. 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 (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $5,006,056.56 $4,236,016.96 Credits —432,000.00 Debits —(3,804.91) Security Transfers —— Net Credits/Debits/Transfers —$428,195.09 Change in Value 27,327.81 369,172.32 TOTAL ENDING VALUE $5,033,384.37 $5,033,384.37 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 2.7 3.2 3.7 4.2 4.7 5.2 ($ ) 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 31 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $85,426.88 1.70 Equities 4,096,552.16 81.39 Alternatives 851,405.33 16.92 TOTAL VALUE $5,033,384.37 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 1 9 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 32 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $64,724.63 $85,426.88 ETFs & CEFs 3,008,432.25 3,006,650.21 Mutual Funds 1,932,899.68 1,941,307.28 Total Assets $5,006,056.56 $5,033,384.37 Total Liabilities (outstanding balance)—— TOTAL VALUE $5,006,056.56 $5,033,384.37 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $64,724.63 $57,279.95 Purchases —(431,980.18) Dividend Reinvestments —(9,351.12) Income and Distributions 20,702.25 41,283.14 Total Investment Related Activity $20,702.25 $(400,048.16) Electronic Transfers-Credits —432,000.00 Other Debits —(3,804.91) Total Cash Related Activity —$428,195.09 Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $85,426.88 $85,426.88 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Other Dividends $20,701.50 $41,279.31 Interest 0.75 3.83 Total Taxable Income And Distributions $20,702.25 $41,283.14 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $20,702.25 $41,283.14 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain ——$37,820.51 Short-Term (Loss)——(398.98) Total Short-Term ——$37,421.53 Long-Term Gain ——415,458.21 TOTAL GAIN/(LOSS)——$452,879.74 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 June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 33 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Consulting Group Advisor Advisory Account Inception Date: 11/10/15 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.18% Last Advisory Trade: 05/12/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income; (3) Aggressive Income; (4) Speculation Account Risk Tolerance:Aggressive Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 0 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 34 of 144 † 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. #$85,426.88 —$85.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.70%$85,426.88 $85.00 # 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 $222.060 222.060 $1,572,414.75 22,727.09 $1,834,659.72 29,533.98 $262,244.97 6,806.89 LT LT Total 8,395.000 1,595,141.84 1,864,193.70 269,051.86 LT 35,150.00 1.88 Next Dividend Payable 09/2017; 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 51.970 51.970 51.970 786,158.36 32,890.76 215,980.18 882,814.39 42,407.52 217,234.60 96,656.03 9,516.76 1,254.42 LT LT ST Total 21,983.000 1,035,029.30 1,142,456.51 106,172.79 1,254.42 LT ST 30,337.00 2.65 Next Dividend Payable 09/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 35 of 144 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 59.73%$2,630,171.14 $3,006,650.21 $375,224.65 1,254.42 LT ST $65,487.00 2.18% MUTUAL FUNDS “Total Purchases vs. Market Value” is provided to assist you in comparing your “Total Purchases,” excluding reinvested distributions, with the current value of the mutual fund positions in your account. “Cumulative Cash Distributions” when shown, may reflect distributions on shares no longer held in the account. It may not reflect all distributions received in cash; due to but not limited to: investments made prior to addition of this information on statements; securities transfers; timing of recent distributions; and certain adjustments made in your account. “Net Value Increase/ (Decrease)” reflects the difference between your total purchases, and the sum of the current value of the fund’s shares, and cash distributions shown. This calculation is for informational purposes only and does not reflect your total unrealized gain or loss nor should it be used for tax purposes. Global Investment Manager Analysis (GIMA) status codes (FL, AL or NL), may be shown for certain mutual funds and are not guarantees of performance. Refer to “GIMA Status in Investment Advisory Programs” in the June or December statement for a description of these codes. Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % LAZARD INTL STRAT EQ PTF INST (LISIX) 11/10/15 2/12/16 5/12/17 57,921.887 1,868.289 15,417.559 $13.570 11.920 14.010 $14.180 14.180 14.180 $786,000.00 22,270.00 216,000.00 $821,332.35 26,492.33 218,620.98 $35,332.35 4,222.33 2,620.98 LT LT ST Purchases 75,207.735 1,024,270.00 1,066,445.66 39,554.68 2,620.98 LT ST Long Term Reinvestments 678.890 8,947.78 9,626.66 678.88 LT Short Term Reinvestments 975.290 12,044.83 13,829.61 1,784.78 ST Total 76,861.915 1,045,262.61 1,089,901.95 40,233.56 4,405.76 LT ST 15,296.00 1.40 Total Purchases vs Market Value Net Value Increase/(Decrease) 1,024,270.00 1,089,901.95 65,631.95 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 13.510 803,390.00 835,550.33 32,160.33 ST Purchases 61,846.805 803,390.00 835,550.33 32,160.33 ST Short Term Reinvestments 1,173.575 16,253.97 15,854.99 (398.98)ST Total 63,020.380 819,643.97 851,405.33 31,761.35 ST 16,511.00 1.93 Total Purchases vs Market Value Net Value Increase/(Decrease) 803,390.00 851,405.33 48,015.33 GIMA Status: AL; Enrolled In MS Dividend Reinvestment; Capital Gains Reinvest; Asset Class: Alt 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 1 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 36 of 144 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MUTUAL FUNDS 38.57%$1,864,906.58 $1,941,307.28 $40,233.56 $36,167.11 LT ST $31,807.00 1.64% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $4,495,077.72 $5,033,384.37 $415,458.21 $37,421.53 LT ST $97,379.00 $0.00 1.93% TOTAL VALUE (includes accrued interest)100.00%$5,033,384.37 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $85,426.88 —————— ETFs & CEFs —$3,006,650.21 ————— Mutual Funds —1,089,901.95 —$851,405.33 ——— TOTAL ALLOCATION OF ASSETS $85,426.88 $4,096,552.16 —$851,405.33 ——— ACTIVITY INVESTMENT RELATED ACTIVITY TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/27 Dividend VANGUARD TOTAL INTL STOCK ETF $12,222.55 6/29 Dividend VANGUARD INDEX FDS S&P 500 ETF 8,478.95 6/30 Interest Income MORGAN STANLEY BANK N.A. (Period 06/01-06/30) 0.75 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $20,702.25 TOTAL OTHER DIVIDENDS $20,701.50 TOTAL INTEREST $0.75 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Consulting Group Advisor Active Assets Account 660-035178-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 37 of 144 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/27 Automatic Investment BANK DEPOSIT PROGRAM $12,222.55 6/29 Automatic Investment BANK DEPOSIT PROGRAM 8,478.95 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.75 NET ACTIVITY FOR PERIOD $20,702.25 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 2 This page intentionally left blank Page 38 of 144 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 (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $1,034,914.11 $912,436.77 Credits —— Debits —(2,432.99) Security Transfers —— Net Credits/Debits/Transfers —$(2,432.99) Change in Value 2,345.53 127,255.86 TOTAL ENDING VALUE $1,037,259.64 $1,037,259.64 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 0 300 600 900 1,200 1,500 ($ ) 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 39 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $21,920.39 2.11 Equities 1,015,339.25 97.89 TOTAL VALUE $1,037,259.64 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 3 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 40 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $27,950.56 $24,572.10 Stocks 1,010,178.03 1,015,339.25 Net Unsettled Purchases/Sales (3,214.48)(2,651.71) Total Assets $1,034,914.11 $1,037,259.64 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,034,914.11 $1,037,259.64 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $27,950.56 $20,879.26 Purchases (13,053.28)(105,478.03) Sales and Redemptions 8,518.31 103,824.04 Prior Net Unsettled Purch/Sales (3,214.48)N/A 2016 Net Unsettled Purch/Sales N/A (2,023.42) Net Unsettled Purch/Sales 2,651.71 2,651.71 Income and Distributions 1,719.28 7,151.53 Total Investment Related Activity $(3,378.46)$6,125.83 Other Debits —(2,432.99) Total Cash Related Activity —$(2,432.99) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $24,572.10 $24,572.10 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Qualified Dividends $1,719.01 $7,150.13 Interest 0.27 1.40 Total Taxable Income And Distributions $1,719.28 $7,151.53 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,719.28 $7,151.53 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $749.07 $3,808.13 $103,389.94 Short-Term (Loss)(1,270.80)(2,956.04)(12,514.53) Total Short-Term $(521.73)$852.09 $90,875.41 Long-Term Gain —262.44 39,588.01 Long-Term (Loss)——(5,376.28) Total Long-Term —$262.44 $34,211.73 TOTAL GAIN/(LOSS)$(521.73)$1,114.53 $125,087.14 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 41 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 08/19/16 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.53% Last Advisory Trade: 06/27/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income; (3) Aggressive Income; (4) Speculation Account Risk Tolerance:Moderate Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 Investment Objectives †: Capital Appreciation,Income,Aggressive Income,Speculation Investment Advisory Account Manager:Pioneer Invest Fundamental Growth CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 42 of 144 † 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 $1,411.02 MORGAN STANLEY BANK N.A. #23,161.08 —23.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $24,572.10 $23.00 NET UNSETTLED PURCHASES/SALES $(2,651.71) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)2.11%$21,920.39 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 43 of 144 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 $141.440 141.440 $14,107.85 2,356.04 $17,538.56 2,828.80 $3,430.71 472.76 ST ST Total 144.000 16,463.89 20,367.36 3,903.47 ST —— Asset Class: Equities ALLERGAN PLC SHS (AGN) 8/22/16 2/23/17 108.000 22.000 253.850 246.826 243.090 243.090 27,415.80 5,430.18 26,253.72 5,347.98 (1,162.08) (82.20) ST ST Total 130.000 32,845.98 31,601.70 (1,244.28)ST 364.00 1.15 Next Dividend Payable 09/2017; Asset Class: Equities ALPHABET INC CL C (GOOG) 8/22/16 58.000 771.889 908.730 44,769.55 52,706.34 7,936.79 ST —— Asset Class: Equities AMAZON COM INC (AMZN) 12/22/14 9/4/15 12/22/16 19.000 23.000 19.000 306.614 497.298 767.787 968.000 968.000 968.000 5,825.67 11,437.85 14,587.96 18,392.00 22,264.00 18,392.00 12,566.33 10,826.15 3,804.04 LT LT ST Total 61.000 31,851.48 59,048.00 23,392.48 3,804.04 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 73.820 73.820 73.820 5,019.14 1,223.60 2,625.36 5,905.60 1,402.58 3,026.62 886.46 178.98 401.26 ST ST ST 9/29/16 22.000 64.925 73.820 1,428.34 1,624.04 195.70 ST 10/7/16 42.000 64.987 73.820 2,729.47 3,100.44 370.97 ST 3/30/17 17.000 71.896 73.820 1,222.24 1,254.94 32.70 ST Total 221.000 14,248.15 16,314.22 2,066.07 ST 141.00 0.86 Next Dividend Payable 07/11/17; Asset Class: Equities APPLE INC (AAPL) 8/22/16 11/9/16 11/16/16 419.000 18.000 10.000 108.358 109.850 110.170 144.020 144.020 144.020 45,402.04 1,977.30 1,101.70 60,344.38 2,592.36 1,440.20 14,942.34 615.06 338.50 ST ST ST 12/22/16 23.000 116.482 144.020 2,679.08 3,312.46 633.38 ST Total 470.000 51,160.12 67,689.40 16,529.28 ST 1,184.00 1.74 Next Dividend Payable 08/2017; Asset Class: Equities BROADCOM LTD SHS (AVGO) 1/25/17 3/30/17 85.000 21.000 200.056 222.574 233.050 233.050 17,004.77 4,674.06 19,809.25 4,894.05 2,804.48 219.99 ST ST Total 106.000 21,678.83 24,703.30 3,024.47 ST 432.00 1.74 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 44 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 09/2017; 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 25.080 25.080 25.080 10,294.00 1,063.40 1,553.11 10,032.00 1,304.16 1,680.36 (262.00) 240.76 127.25 ST ST ST Total 519.000 12,910.51 13,016.52 106.01 ST 104.00 0.79 Next Dividend Payable 08/2017; Asset Class: Equities CELGENE CORP (CELG) 11/20/14 4/22/15 7/1/15 77.000 139.000 43.000 107.805 115.781 117.677 129.870 129.870 129.870 8,300.99 16,093.55 5,060.11 9,999.99 18,051.93 5,584.41 1,699.00 1,958.38 524.30 LT LT LT 8/22/16 36.000 113.952 129.870 4,102.27 4,675.32 573.05 ST Total 295.000 33,556.92 38,311.65 4,181.68 573.05 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 66.400 66.400 66.400 11,560.51 2,277.44 992.11 13,346.40 2,988.00 1,195.20 1,785.89 710.56 203.09 ST ST ST Total 264.000 14,830.06 17,529.60 2,699.54 ST 158.00 0.90 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 74.130 74.130 74.130 9,093.33 1,547.20 2,912.03 9,043.86 1,630.86 3,039.33 (49.47) 83.66 127.30 ST ST ST Total 185.000 13,552.56 13,714.05 161.49 ST 296.00 2.15 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 22.000 207.646 207.008 207.866 239.420 239.420 239.420 4,983.50 4,761.18 4,573.06 5,746.08 5,506.66 5,267.24 762.58 745.48 694.18 ST ST ST Total 69.000 14,317.74 16,519.98 2,202.24 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 80.460 80.460 80.460 13,089.95 9,504.77 16,279.62 10,298.88 6,919.56 13,356.36 (2,791.07) (2,585.21) (2,923.26) LT LT ST 11/9/16 14.000 75.287 80.460 1,054.02 1,126.44 72.42 ST 12/22/16 21.000 79.677 80.460 1,673.22 1,689.66 16.44 ST Total 415.000 41,601.58 33,390.90 (5,376.28) (2,834.40) LT ST 830.00 2.48 Next Dividend Payable 08/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 45 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ECOLAB INC (ECL) 8/22/16 125.000 122.120 132.750 15,264.97 16,593.75 1,328.78 ST 185.00 1.11 Next Dividend Payable 07/17/17; Asset Class: Equities EDWARD LIFESCIENCES CORP (EW) 2/17/16 74.000 85.508 118.240 6,327.56 8,749.76 2,422.20 LT —— Asset Class: Equities GILEAD SCIENCE (GILD) 8/22/16 6/27/17 193.000 21.000 81.027 71.677 70.780 70.780 15,638.13 1,505.21 13,660.54 1,486.38 (1,977.59) (18.83) ST ST Total 214.000 17,143.34 15,146.92 (1,996.42)ST 445.00 2.93 Next Dividend Payable 09/2017; Asset Class: Equities HERSHEY COMPANY (HSY) 8/22/16 152.000 113.933 107.370 17,317.82 16,320.24 (997.58)ST 376.00 2.30 Next Dividend Payable 09/2017; Asset Class: Equities HOME DEPOT INC (HD) 8/22/16 11/9/16 266.000 21.000 135.387 124.808 153.400 153.400 36,012.84 2,620.97 40,804.40 3,221.40 4,791.56 600.43 ST ST Total 287.000 38,633.81 44,025.80 5,391.99 ST 1,022.00 2.32 Next Dividend Payable 09/2017; Asset Class: Equities INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 8/22/16 2/13/17 368.000 115.000 13.000 47.147 55.938 59.033 65.920 65.920 65.920 17,349.96 6,432.92 767.43 24,258.56 7,580.80 856.96 6,908.60 1,147.88 89.53 LT ST ST 5/31/17 25.000 60.287 65.920 1,507.17 1,648.00 140.83 ST Total 521.000 26,057.48 34,344.32 6,908.60 1,378.24 LT ST 417.00 1.21 Next Dividend Payable 09/2017; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 8/22/16 86.000 137.269 135.000 11,805.17 11,610.00 (195.17)ST 220.00 1.89 Next Dividend Payable 07/07/17; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 8/22/16 10/26/16 160.000 18.000 119.247 113.967 132.290 132.290 19,079.46 2,051.41 21,166.40 2,381.22 2,086.94 329.81 ST ST Total 178.000 21,130.87 23,547.62 2,416.75 ST 598.00 2.53 Next Dividend Payable 09/2017; Asset Class: Equities MARSH & MCLENNAN COS INC (MMC) 2/16/17 2/23/17 3/16/17 128.000 22.000 43.000 72.890 73.048 74.663 77.960 77.960 77.960 9,329.86 1,607.06 3,210.50 9,978.88 1,715.12 3,352.28 649.02 108.06 141.78 ST ST ST 3/30/17 23.000 74.480 77.960 1,713.04 1,793.08 80.04 ST 5/31/17 22.000 77.605 77.960 1,707.31 1,715.12 7.81 ST Total 238.000 17,567.77 18,554.48 986.71 ST 357.00 1.92 Next Dividend Payable 08/2017; Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 46 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MASCO CORP (MAS) 9/20/16 9/27/16 10/7/16 142.000 143.000 90.000 32.704 34.455 33.961 38.210 38.210 38.210 4,643.95 4,927.05 3,056.51 5,425.82 5,464.03 3,438.90 781.87 536.98 382.39 ST ST ST 11/9/16 20.000 30.911 38.210 618.22 764.20 145.98 ST Total 395.000 13,245.73 15,092.95 1,847.22 ST 158.00 1.04 Next Dividend Payable 08/2017; Asset Class: Equities MASTERCARD INC CL A (MA) 8/22/16 400.000 95.827 121.450 38,330.64 48,580.00 10,249.36 ST 352.00 0.72 Next Dividend Payable 08/2017; Asset Class: Equities MEDTRONIC PLC SHS (MDT) 8/22/16 265.000 87.457 88.750 23,176.00 23,518.75 342.75 ST 488.00 2.07 Next Dividend Payable 07/2017; Asset Class: Equities MICROSOFT CORP (MSFT) 8/22/16 3/30/17 4/5/17 795.000 21.000 42.000 57.587 65.899 66.260 68.930 68.930 68.930 45,781.67 1,383.88 2,782.90 54,799.35 1,447.53 2,895.06 9,017.68 63.65 112.16 ST ST ST Total 858.000 49,948.45 59,141.94 9,193.49 ST 1,338.00 2.26 Next Dividend Payable 09/2017; Asset Class: Equities NIKE INC B (NKE) 2/23/15 11/9/16 3/30/17 122.000 21.000 48.000 47.464 50.794 55.996 59.000 59.000 59.000 5,790.55 1,066.68 2,687.80 7,198.00 1,239.00 2,832.00 1,407.45 172.32 144.20 LT ST ST Total 191.000 9,545.03 11,269.00 1,407.45 316.52 LT ST 138.00 1.22 Next Dividend Payable 07/05/17; Asset Class: Equities O'REILLY AUTOMOTIVE INC NEW (ORLY) 8/22/16 49.000 287.588 218.740 14,091.83 10,718.26 (3,373.57)ST —— Asset Class: Equities PAYPAL HLDGS INC COM (PYPL) 6/22/17 166.000 53.593 53.670 8,896.36 8,909.22 12.86 ST —— Asset Class: Equities PEPSICO INC NC (PEP) 8/22/16 262.000 108.027 115.490 28,302.97 30,258.38 1,955.41 ST 844.00 2.78 Next Dividend Payable 09/2017; Asset Class: Equities RAYTHEON CO (NEW) (RTN) 8/22/16 176.000 142.893 161.480 25,149.20 28,420.48 3,271.28 ST 561.00 1.97 Next Dividend Payable 08/03/17; Asset Class: Equities REYNOLDS AMERICAN INC (RAI) 8/22/16 3/10/17 335.000 22.000 50.625 60.680 65.040 65.040 16,959.51 1,334.96 21,788.40 1,430.88 4,828.89 95.92 ST ST Total 357.000 18,294.47 23,219.28 4,924.81 ST 728.00 3.13 Next Dividend Payable 07/03/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 47 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ROSS STORES INC (ROST) 8/22/16 10/7/16 6/30/17 194.000 21.000 46.000 64.635 64.073 57.646 57.730 57.730 57.730 12,539.19 1,345.54 2,651.71 11,199.62 1,212.33 2,655.58 (1,339.57) (133.21) 3.87 ST ST ST Total 261.000 16,536.44 15,067.53 (1,468.91)ST 167.00 1.10 Next Dividend Payable 09/2017; Asset Class: Equities STARBUCKS CORP WASHINGTON (SBUX) 7/6/16 11/16/16 280.000 53.000 56.696 55.418 58.310 58.310 15,874.82 2,937.17 16,326.80 3,090.43 451.98 153.26 ST ST Total 333.000 18,811.99 19,417.23 605.24 ST 333.00 1.71 Next Dividend Payable 08/2017; Asset Class: Equities THERMO FISHER SCIENTIFIC (TMO) 8/22/16 10/26/16 192.000 21.000 153.733 146.471 174.470 174.470 29,516.77 3,075.90 33,498.24 3,663.87 3,981.47 587.97 ST ST Total 213.000 32,592.67 37,162.11 4,569.44 ST 128.00 0.34 Next Dividend Payable 07/17/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 8/22/16 11/9/16 12/28/16 310.000 26.000 21.000 80.580 87.003 96.353 100.410 100.410 100.410 24,979.80 2,262.07 2,023.42 31,127.10 2,610.66 2,108.61 6,147.30 348.59 85.19 ST ST ST 3/10/17 24.000 98.664 100.410 2,367.93 2,409.84 41.91 ST Total 381.000 31,633.22 38,256.21 6,622.99 ST 613.00 1.60 Next Dividend Payable 09/2017; Asset Class: Equities UNITED TECHNOLOGIES CORP (UTX) 8/22/16 9/29/16 104.000 22.000 108.667 102.166 122.110 122.110 11,301.33 2,247.65 12,699.44 2,686.42 1,398.11 438.77 ST ST Total 126.000 13,548.98 15,385.86 1,836.88 ST 353.00 2.29 Next Dividend Payable 09/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 11/17/14 11/20/14 60.000 12.000 111.274 110.550 128.870 128.870 6,676.44 1,326.60 7,732.20 1,546.44 1,055.76 219.84 LT LT Total 72.000 8,003.04 9,278.64 1,275.60 LT —— Asset Class: Equities WALT DISNEY CO HLDG CO (DIS) 8/22/16 262.000 95.836 106.250 25,108.93 27,837.50 2,728.57 ST 409.00 1.46 Next Dividend Payable 07/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 97.89%$890,252.11 $1,015,339.25 $34,211.73 $90,875.41 LT ST $13,743.00 1.35% 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 48 of 144 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $890,252.11 $1,037,259.64 $34,211.73 $90,875.41 LT ST $13,766.00 $0.00 1.33% TOTAL VALUE (includes accrued interest)100.00%$1,037,259.64 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. ALLOCATION OF ASSETS Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $21,920.39 —————— Stocks —$1,015,339.25 ————— TOTAL ALLOCATION OF ASSETS $21,920.39 $1,015,339.25 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/20 6/23 Sold SCHLUMBERGER LTD ACTED AS AGENT 84.000 $66.6930 $5,602.08 6/22 6/27 Bought PAYPAL HLDGS INC COM ACTED AS AGENT 166.000 53.5925 (8,896.36) 6/27 6/30 Sold APPLE INC ACTED AS AGENT 20.000 145.8149 2,916.23 6/27 6/30 Bought GILEAD SCIENCE ACTED AS AGENT 21.000 71.6766 (1,505.21) 6/30 7/6 Bought ROSS STORES INC ACTED AS AGENT 46.000 57.6458 (2,651.71) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(4,534.97) TOTAL PURCHASES $(13,053.28) TOTAL SALES AND REDEMPTIONS $8,518.31 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) 6/30 7/6 Bought ROSS STORES INC UNSETTLED PURCHASE 46.000 $57.6458 $(2,651.71) NET UNSETTLED PURCHASES/SALES $(2,651.71) 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. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 49 of 144 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/8 Qualified Dividend MICROSOFT CORP $334.62 6/12 Qualified Dividend UNITED TECHNOLOGIES CORP 83.16 6/13 Qualified Dividend JOHNSON & JOHNSON 149.52 6/15 Qualified Dividend HOME DEPOT INC 255.43 6/15 Qualified Dividend TIME WARNER INC NEW 153.35 6/15 Qualified Dividend HERSHEY COMPANY 93.94 6/15 Qualified Dividend ALLERGAN PLC SHS 91.00 6/29 Qualified Dividend GILEAD SCIENCE 100.36 6/30 Qualified Dividend PEPSICO INC NC 210.91 6/30 Qualified Dividend BROADCOM LTD SHS 108.12 6/30 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 104.20 6/30 Qualified Dividend ROSS STORES INC 34.40 6/30 Interest Income MORGAN STANLEY BANK N.A. (Period 06/01-06/30) 0.27 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,719.28 TOTAL QUALIFIED DIVIDENDS $1,719.01 TOTAL INTEREST $0.27 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/5 Automatic Redemption BANK DEPOSIT PROGRAM $(3,214.48) 6/8 Automatic Investment BANK DEPOSIT PROGRAM 334.62 6/12 Automatic Investment BANK DEPOSIT PROGRAM 83.16 6/13 Automatic Investment BANK DEPOSIT PROGRAM 149.52 6/15 Automatic Investment BANK DEPOSIT PROGRAM 593.72 6/26 Automatic Investment BANK DEPOSIT PROGRAM 5,602.08 6/27 Automatic Redemption BANK DEPOSIT PROGRAM (8,896.36) 6/29 Automatic Investment BANK DEPOSIT PROGRAM 100.36 6/30 Automatic Investment BANK DEPOSIT PROGRAM 457.63 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.27 NET ACTIVITY FOR PERIOD $(4,789.48) 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 APPLE INC 08/22/16 06/27/17 20.000 $2,916.23 $2,167.16 $749.07 SCHLUMBERGER LTD 08/22/16 06/20/17 84.000 5,602.08 6,872.88 (1,270.80) 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-035191-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Nickname: Pioneer Page 50 of 144 SHORT-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments Short-Term This Period $8,518.31 $9,040.04 $(521.73) Short-Term Year to Date $98,260.13 $97,408.04 $852.09 Net Realized Gain/(Loss) This Period $8,518.31 $9,040.04 $(521.73) Net Realized Gain/(Loss) Year to Date $103,824.04 $102,709.51 $1,114.53 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110029-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $2,428,291.47 $2,323,360.96 Credits —— Debits —(6,729.61) Security Transfers —— Net Credits/Debits/Transfers —$(6,729.61) Change in Value 32,822.14 144,482.26 TOTAL ENDING VALUE $2,461,113.61 $2,461,113.61 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 1.6 1.8 2 2.2 2.4 2.6 ($ ) 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 51 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Alternatives Market Value Percentage Cash $33,722.23 1.37 Equities 2,359,872.46 95.89 Alternatives 67,518.92 2.74 TOTAL VALUE $2,461,113.61 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 2 9 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 52 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $19,223.88 $33,722.23 Stocks 2,409,067.59 2,427,391.38 Total Assets $2,428,291.47 $2,461,113.61 Total Liabilities (outstanding balance)—— TOTAL VALUE $2,428,291.47 $2,461,113.61 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $19,223.88 $45,267.52 Purchases (15,103.34)(147,050.43) Sales and Redemptions 21,060.63 110,299.84 Income and Distributions 8,541.06 31,934.91 Total Investment Related Activity $14,498.35 $(4,815.68) Other Debits —(6,729.61) Total Cash Related Activity —$(6,729.61) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $33,722.23 $33,722.23 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Qualified Dividends $8,540.79 $30,736.72 Other Dividends —1,196.67 Interest 0.27 1.52 Total Taxable Income And Distributions $8,541.06 $31,934.91 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $8,541.06 $31,934.91 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $1,480.63 $2,588.06 $46,548.81 Short-Term (Loss)—(112.68)(10,967.94) Total Short-Term $1,480.63 $2,475.38 $35,580.87 Long-Term Gain 2,042.83 10,982.42 332,197.45 Long-Term (Loss)(1,016.80)(4,756.05)(37,941.66) Total Long-Term $1,026.03 $6,226.37 $294,255.79 TOTAL GAIN/(LOSS)$2,506.66 $8,701.75 $329,836.66 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 June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 53 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 03/12/10 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.53% Last Advisory Trade: 06/23/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income Account Risk Tolerance:Aggressive Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 0 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:JP Morgan - Equity Income SMA CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 54 of 144 † 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 #$33,722.23 —$34.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 1.37%$33,722.23 $34.00 # 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 $208.190 208.190 $14,770.22 2,490.31 $19,569.86 3,331.04 $4,799.64 840.73 LT LT Total 110.000 17,260.53 22,900.90 5,640.37 LT 517.00 2.25 Next Dividend Payable 09/2017; Asset Class: Equities ABBOTT LABORATORIES (ABT) 10/22/14 2/16/16 5/2/16 317.000 36.000 66.000 41.922 37.969 38.969 48.610 48.610 48.610 13,289.21 1,366.87 2,571.97 15,409.37 1,749.96 3,208.26 2,120.16 383.09 636.29 LT LT LT Total 419.000 17,228.05 20,367.59 3,139.54 LT 444.00 2.17 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 55 of 144 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 72.510 3,408.37 4,278.09 869.72 LT 151.00 3.52 Next Dividend Payable 08/2017; Asset Class: Equities ACCENTURE PLC IRELAND CL A (ACN) 11/9/15 102.000 104.660 123.680 10,675.32 12,615.36 1,940.04 LT 247.00 1.95 Next Dividend Payable 11/2017; Asset Class: Equities AIR PROD & CHEM INC (APD) 6/22/17 34.000 144.449 143.060 4,911.28 4,864.04 (47.24)ST 129.00 2.65 Next Dividend Payable 08/14/17; Asset Class: Equities ALEXANDRIA REAL ESTATE EQ INC (ARE) 11/9/15 53.000 86.271 120.470 4,572.37 6,384.91 1,812.54 LT R 182.00 2.85 Next Dividend Payable 07/17/17; Asset Class: Alt ALTRIA GROUP INC (MO) 11/9/15 2/16/16 382.000 78.000 56.930 60.300 74.470 74.470 21,747.45 4,703.40 28,447.54 5,808.66 6,700.09 1,105.26 LT LT Total 460.000 26,450.85 34,256.20 7,805.35 LT 1,122.00 3.27 Next Dividend Payable 07/10/17; Asset Class: Equities AMERIPRISE FINCL INC (AMP) 11/17/15 80.000 113.969 127.290 9,117.49 10,183.20 1,065.71 LT 266.00 2.61 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 77.800 77.800 16,893.70 8,020.49 21,628.40 7,468.80 4,734.70 (551.69) LT ST Total 374.000 24,914.19 29,097.20 4,734.70 (551.69) LT ST 673.00 2.31 Next Dividend Payable 09/2017; Asset Class: Equities APPLE INC (AAPL) 11/9/15 2/16/16 327.000 66.000 120.243 96.317 144.020 144.020 39,319.36 6,356.94 47,094.54 9,505.32 7,775.18 3,148.38 LT LT Total 393.000 45,676.30 56,599.86 10,923.56 LT 990.00 1.74 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 57.250 57.250 10,131.61 1,051.57 13,339.25 1,545.75 3,207.64 494.18 LT LT Total 260.000 11,183.18 14,885.00 3,701.82 LT 406.00 2.72 Next Dividend Payable 09/2017; Asset Class: Equities AUTOMATIC DATA PROCESSING INC (ADP) 11/9/15 2/16/16 124.000 14.000 86.393 83.874 102.460 102.460 10,712.72 1,174.23 12,705.04 1,434.44 1,992.32 260.21 LT LT Total 138.000 11,886.95 14,139.48 2,252.53 LT 315.00 2.22 Next Dividend Payable 07/01/17; Asset Class: Equities AVALONBAY COMM INC (AVB) 11/9/15 2/16/16 5/10/16 78.000 11.000 16.000 169.190 164.841 192.079 192.170 192.170 192.170 13,196.82 1,813.25 3,073.27 14,989.26 2,113.87 3,074.72 1,792.44 300.62 1.45 LT LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 1 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 56 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 105.000 18,083.34 20,177.85 2,094.51 LT 596.00 2.95 Next Dividend Payable 07/17/17; Asset Class: Alt BANK OF AMERICA CORP (BAC) 7/27/16 8/15/16 8/30/16 1,540.000 451.000 273.000 14.631 15.010 15.935 24.260 24.260 24.260 22,532.05 6,769.51 4,350.34 37,360.40 10,941.26 6,622.98 14,828.35 4,171.75 2,272.64 ST ST ST 11/4/16 671.000 16.695 24.260 11,202.35 16,278.46 5,076.11 ST 12/1/16 133.000 21.847 24.260 2,905.68 3,226.58 320.90 ST Total 3,068.000 47,759.93 74,429.68 26,669.75 ST 920.00 1.23 Next Dividend Payable 09/2017; Asset Class: Equities BB & T CORP (BBT) 10/22/14 1/6/15 12/2/15 77.000 451.000 49.000 36.349 36.810 38.459 45.410 45.410 45.410 2,798.86 16,601.17 1,884.48 3,496.57 20,479.91 2,225.09 697.71 3,878.74 340.61 LT LT LT 2/16/16 39.000 32.787 45.410 1,278.71 1,770.99 492.28 LT 12/9/16 126.000 46.725 45.410 5,887.34 5,721.66 (165.68)ST Total 742.000 28,450.56 33,694.22 5,409.34 (165.68) LT ST 890.00 2.64 Next Dividend Payable 09/2017; Asset Class: Equities BECTON DICKINSON & CO (BDX) 11/9/15 2/16/16 4/22/16 86.000 17.000 22.000 152.187 142.173 159.086 195.110 195.110 195.110 13,088.06 2,416.94 3,499.89 16,779.46 3,316.87 4,292.42 3,691.40 899.93 792.53 LT LT LT Total 125.000 19,004.89 24,388.75 5,383.86 LT 365.00 1.49 Next Dividend Payable 09/2017; Asset Class: Equities BEST BUY CO (BBY) 11/9/15 3/13/17 244.000 43.000 35.315 44.807 57.330 57.330 8,616.98 1,926.72 13,988.52 2,465.19 5,371.54 538.47 LT ST Total 287.000 10,543.70 16,453.71 5,371.54 538.47 LT ST 390.00 2.37 Next Dividend Payable 07/06/17; Asset Class: Equities BLACKROCK INC (BLK) 11/9/15 12/15/15 2/16/16 93.000 14.000 7.000 349.118 325.244 314.557 422.410 422.410 422.410 32,468.00 4,553.42 2,201.90 39,284.13 5,913.74 2,956.87 6,816.13 1,360.32 754.97 LT LT LT 4/22/16 11.000 368.615 422.410 4,054.77 4,646.51 591.74 LT Total 125.000 43,278.09 52,801.25 9,523.16 LT 1,250.00 2.36 Next Dividend Payable 09/2017; Asset Class: Equities BOSTON PROPERTIES INC (BXP) 2/16/16 3/11/16 25.000 47.000 109.950 120.097 123.020 123.020 2,748.74 5,644.58 3,075.50 5,781.94 326.76 137.36 LT LT Total 72.000 8,393.32 8,857.44 464.12 LT 216.00 2.43 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 57 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 07/31/17; Asset Class: Alt BRISTOL MYERS SQUIBB CO (BMY) 11/9/15 2/16/16 334.000 30.000 64.769 62.057 55.720 55.720 21,632.71 1,861.72 18,610.48 1,671.60 (3,022.23) (190.12) LT LT Total 364.000 23,494.43 20,282.08 (3,212.35)LT 568.00 2.80 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 82.620 82.620 82.620 6,791.15 5,212.20 5,204.43 7,353.18 5,452.92 6,526.98 562.03 240.72 1,322.55 LT LT LT 12/9/16 51.000 89.799 82.620 4,579.73 4,213.62 (366.11)ST Total 285.000 21,787.51 23,546.70 2,125.30 (366.11) LT ST 456.00 1.93 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 97.547 104.330 104.330 104.330 24,214.49 8,179.04 4,292.05 27,334.46 10,120.01 4,590.52 3,119.97 1,940.97 298.47 LT LT LT 4/22/16 17.000 102.160 104.330 1,736.72 1,773.61 36.89 LT 11/1/16 57.000 106.339 104.330 6,061.33 5,946.81 (114.52)ST 1/3/17 28.000 117.528 104.330 3,290.78 2,921.24 (369.54)ST 2/14/17 47.000 111.900 104.330 5,259.30 4,903.51 (355.79)ST 2/28/17 45.000 111.981 104.330 5,039.14 4,694.85 (344.29)ST Total 597.000 58,072.85 62,285.01 5,396.30 (1,184.14) LT ST 2,579.00 4.14 Next Dividend Payable 09/2017; Asset Class: Equities CHUBB LTD (CB) 11/9/15 2/16/16 124.000 15.000 112.204 115.673 145.380 145.380 13,913.31 1,735.10 18,027.12 2,180.70 4,113.81 445.60 LT LT Total 139.000 15,648.41 20,207.82 4,559.41 LT 395.00 1.95 Next Dividend Payable 07/21/17; Asset Class: Equities CINCINNATI FINANCIAL OHIO (CINF) 11/9/15 2/16/16 121.000 19.000 60.074 61.982 72.450 72.450 7,268.97 1,177.66 8,766.45 1,376.55 1,497.48 198.89 LT LT Total 140.000 8,446.63 10,143.00 1,696.37 LT 280.00 2.76 Next Dividend Payable 07/14/17; Asset Class: Equities CINEMARK HOLDINGS INC. (CNK) 11/9/15 3/13/17 229.000 31.000 36.954 43.954 38.850 38.850 8,462.40 1,362.56 8,896.65 1,204.35 434.25 (158.21) LT ST Total 260.000 9,824.96 10,101.00 434.25 (158.21) LT ST 302.00 2.98 Next Dividend Payable 09/2017; Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 2 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 58 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % CME GROUP INC (CME) 11/9/15 390.000 97.152 125.240 37,889.12 48,843.60 10,954.48 LT 1,030.00 2.10 Next Dividend Payable 09/2017; Asset Class: Equities CMS ENERGY CP (CMS) 11/9/15 2/16/16 362.000 70.000 34.269 38.860 46.250 46.250 12,405.34 2,720.23 16,742.50 3,237.50 4,337.16 517.27 LT LT Total 432.000 15,125.57 19,980.00 4,854.43 LT 575.00 2.87 Next Dividend Payable 08/2017; Asset Class: Equities COCA COLA CO (KO) 4/24/15 275.000 40.958 44.850 11,263.37 12,333.75 1,070.38 LT 407.00 3.29 Next Dividend Payable 07/03/17; Asset Class: Equities COMCAST CORP (NEW) CLASS A (CMCSA) 11/9/15 12/2/15 2/16/16 360.000 106.000 50.000 30.639 30.300 28.734 38.920 38.920 38.920 11,030.13 3,211.76 1,436.68 14,011.20 4,125.52 1,946.00 2,981.07 913.76 509.32 LT LT LT Total 516.000 15,678.57 20,082.72 4,404.15 LT 325.00 1.61 Next Dividend Payable 07/26/17; 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 43.960 43.960 43.960 25,066.57 284.39 3,077.81 20,133.68 263.76 3,209.08 (4,932.89) (20.63) 131.27 LT LT LT 6/7/16 100.000 47.428 43.960 4,742.83 4,396.00 (346.83)LT 6/22/16 95.000 44.080 43.960 4,187.58 4,176.20 (11.38)LT 11/2/16 102.000 43.105 43.960 4,396.71 4,483.92 87.21 ST 11/9/16 75.000 45.773 43.960 3,432.97 3,297.00 (135.97)ST 11/18/16 160.000 44.940 43.960 7,190.40 7,033.60 (156.80)ST Total 1,069.000 52,379.26 46,993.24 (5,180.46) (205.56) LT ST 1,133.00 2.41 Next Dividend Payable 09/2017; Asset Class: Equities CULLEN FROST BANKERS INC (CFR) 11/17/15 140.000 69.508 93.910 9,731.12 13,147.40 3,416.28 LT 319.00 2.42 Next Dividend Payable 09/2017; Asset Class: Equities DISCOVER FINCL SVCS (DFS) 11/9/15 12/2/15 4/25/16 65.000 33.000 103.000 56.990 56.050 56.680 62.190 62.190 62.190 3,704.35 1,849.65 5,838.03 4,042.35 2,052.27 6,405.57 338.00 202.62 567.54 LT LT LT 12/9/16 70.000 72.040 62.190 5,042.80 4,353.30 (689.50)ST Total 271.000 16,434.83 16,853.49 1,108.16 (689.50) LT ST 325.00 1.92 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 80.220 80.220 80.220 5,736.06 3,267.81 2,218.05 6,417.60 3,930.78 2,486.82 681.54 662.97 268.77 ST ST ST Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 59 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 11/18/16 32.000 70.000 80.220 2,240.00 2,567.04 327.04 ST 2/2/17 35.000 77.571 80.220 2,714.99 2,807.70 92.71 ST 6/23/17 57.000 78.186 80.220 4,456.62 4,572.54 115.92 ST Total 284.000 20,633.53 22,782.48 2,148.95 ST 500.00 2.19 Next Dividend Payable 09/2017; Asset Class: Equities DR PEPPER SNAPPLE GROUP INC (DPS) 11/9/15 2/16/16 3/31/17 169.000 27.000 48.000 85.736 91.919 97.943 91.110 91.110 91.110 14,489.33 2,481.81 4,701.25 15,397.59 2,459.97 4,373.28 908.26 (21.84) (327.97) LT LT ST Total 244.000 21,672.39 22,230.84 886.42 (327.97) LT ST 566.00 2.54 Next Dividend Payable 07/06/17; Asset Class: Equities DTE ENERGY COMPANY (DTE) 11/9/15 40.000 79.210 105.790 3,168.40 4,231.60 1,063.20 LT 132.00 3.11 Next Dividend Payable 07/15/17; Asset Class: Equities DU PONT EI DE NEMOURS & CO (DD) 11/9/15 12/2/15 2/16/16 137.000 43.000 20.000 66.550 67.279 58.788 80.710 80.710 80.710 9,117.35 2,892.98 1,175.76 11,057.27 3,470.53 1,614.20 1,939.92 577.55 438.44 LT LT LT 5/1/17 41.000 79.826 80.710 3,272.87 3,309.11 36.24 ST Total 241.000 16,458.96 19,451.11 2,955.91 36.24 LT ST 366.00 1.88 Next Dividend Payable 09/2017; Asset Class: Equities EDISON INTERNATIONAL (EIX) 11/9/15 2/16/16 234.000 45.000 59.158 61.827 78.190 78.190 13,843.07 2,782.22 18,296.46 3,518.55 4,453.39 736.33 LT LT Total 279.000 16,625.29 21,815.01 5,189.72 LT 605.00 2.77 Next Dividend Payable 07/31/17; Asset Class: Equities ELI LILLY & CO (LLY) 11/9/15 12/2/15 2/16/16 145.000 27.000 20.000 79.241 84.716 73.052 82.300 82.300 82.300 11,490.02 2,287.33 1,461.04 11,933.50 2,222.10 1,646.00 443.48 (65.23) 184.96 LT LT LT 5/17/16 34.000 76.509 82.300 2,601.30 2,798.20 196.90 LT Total 226.000 17,839.69 18,599.80 760.11 LT 470.00 2.52 Next Dividend Payable 09/2017; Asset Class: Equities EXXON MOBIL CORP (XOM) 11/9/15 2/16/16 442.000 84.000 82.058 81.082 80.730 80.730 36,269.60 6,810.88 35,682.66 6,781.32 (586.94) (29.56) LT LT Total 526.000 43,080.48 42,463.98 (616.50)LT 1,620.00 3.81 Next Dividend Payable 09/2017; Asset Class: Equities FIDELITY NATL INFORMATION SE (FIS) 11/9/15 2/16/16 221.000 28.000 66.206 58.557 85.400 85.400 14,631.55 1,639.60 18,873.40 2,391.20 4,241.85 751.60 LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 60 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 249.000 16,271.15 21,264.60 4,993.45 LT 289.00 1.35 Next Dividend Payable 09/2017; Asset Class: Equities GENERAL ELECTRIC CO (GE) 4/11/17 4/25/17 414.000 220.000 30.027 29.485 27.010 27.010 12,431.30 6,486.70 11,182.14 5,942.20 (1,249.16) (544.50) ST ST Total 634.000 18,918.00 17,124.34 (1,793.66)ST 609.00 3.55 Next Dividend Payable 07/25/17; Asset Class: Equities GENL DYNAMICS CORP (GD) 12/15/15 2/16/16 5/2/16 27.000 60.000 19.000 138.700 131.015 142.396 198.100 198.100 198.100 3,744.90 7,860.90 2,705.52 5,348.70 11,886.00 3,763.90 1,603.80 4,025.10 1,058.38 LT LT LT 7/1/16 32.000 141.083 198.100 4,514.66 6,339.20 1,824.54 ST 9/16/16 30.000 151.111 198.100 4,533.32 5,943.00 1,409.68 ST 11/18/16 13.000 166.955 198.100 2,170.41 2,575.30 404.89 ST Total 181.000 25,529.71 35,856.10 6,687.28 3,639.11 LT ST 608.00 1.69 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 92.760 92.760 92.760 13,645.09 1,359.52 3,278.93 14,285.04 1,391.40 3,153.84 639.95 31.88 (125.09) LT LT LT 11/1/16 25.000 88.972 92.760 2,224.29 2,319.00 94.71 ST 11/18/16 25.000 94.179 92.760 2,354.47 2,319.00 (35.47)ST 11/30/16 26.000 96.832 92.760 2,517.62 2,411.76 (105.86)ST 6/5/17 30.000 94.285 92.760 2,828.55 2,782.80 (45.75)ST Total 309.000 28,208.47 28,662.84 546.74 (92.37) LT ST 834.00 2.90 Next Dividend Payable 07/03/17; Asset Class: Equities GILEAD SCIENCE (GILD) 2/16/16 5/17/16 7/20/16 69.000 26.000 41.000 90.730 83.513 86.953 70.780 70.780 70.780 6,260.40 2,171.35 3,565.07 4,883.82 1,840.28 2,901.98 (1,376.58) (331.07) (663.09) LT LT ST Total 136.000 11,996.82 9,626.08 (1,707.65) (663.09) LT ST 283.00 2.93 Next Dividend Payable 09/2017; 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 52.570 52.570 52.570 29,708.16 3,210.39 3,198.45 33,381.95 4,100.46 3,522.19 3,673.79 890.07 323.74 LT LT ST Total 780.000 36,117.00 41,004.60 4,563.86 323.74 LT ST 718.00 1.75 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 61 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 07/03/17; Asset Class: Equities HCP INCORPORATED (HCP) 11/9/15 12/2/15 8/3/16 87.000 55.000 174.000 28.611 31.271 35.512 31.960 31.960 31.960 2,489.18 1,719.92 6,179.01 2,780.52 1,757.80 5,561.04 291.34 37.88 (617.97) LT LT ST R R R Total 316.000 10,388.11 10,099.36 329.22 (617.97) LT ST 468.00 4.63 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 22.000 124.061 119.501 135.500 153.400 153.400 153.400 26,301.00 2,151.01 2,981.01 32,520.80 2,761.20 3,374.80 6,219.80 610.19 393.79 LT LT LT 12/13/16 38.000 136.217 153.400 5,176.25 5,829.20 652.95 ST Total 290.000 36,609.27 44,486.00 7,223.78 652.95 LT ST 1,032.00 2.31 Next Dividend Payable 09/2017; Asset Class: Equities HONEYWELL INTERNATIONAL INC (HON) 11/9/15 2/16/16 4/22/16 142.000 22.000 30.000 101.819 104.144 112.641 133.290 133.290 133.290 14,458.23 2,291.17 3,379.23 18,927.18 2,932.38 3,998.70 4,468.95 641.21 619.47 LT LT LT 9/16/16 26.000 113.462 133.290 2,950.00 3,465.54 515.54 ST 10/5/16 18.000 115.189 133.290 2,073.41 2,399.22 325.81 ST 11/1/16 20.000 109.239 133.290 2,184.78 2,665.80 481.02 ST 11/10/16 21.000 113.500 133.290 2,383.50 2,799.09 415.59 ST Total 279.000 29,720.32 37,187.91 5,729.63 1,737.96 LT ST 742.00 1.99 Next Dividend Payable 09/2017; Asset Class: Equities ILL TOOL WORKS INC (ITW) 11/9/15 2/16/16 232.000 32.000 91.119 93.097 143.250 143.250 21,139.61 2,979.10 33,234.00 4,584.00 12,094.39 1,604.90 LT LT Total 264.000 24,118.71 37,818.00 13,699.29 LT 686.00 1.81 Next Dividend Payable 07/12/17; Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 2/16/16 6/30/16 34.000 17.000 107.500 124.169 135.000 135.000 3,655.00 2,110.88 4,590.00 2,295.00 935.00 184.12 LT ST Total 51.000 5,765.88 6,885.00 935.00 184.12 LT ST 131.00 1.90 Next Dividend Payable 07/07/17; Asset Class: Equities JOHNSON & JOHNSON (JNJ) 11/9/15 2/16/16 1/3/17 428.000 52.000 26.000 100.780 102.294 115.840 132.290 132.290 132.290 43,134.05 5,319.31 3,011.84 56,620.12 6,879.08 3,439.54 13,486.07 1,559.77 427.70 LT LT ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 62 of 144 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 66,938.74 15,045.84 427.70 LT ST 1,700.00 2.53 Next Dividend Payable 09/2017; Asset Class: Equities KIMBERLY CLARK CORP (KMB) 11/9/15 11/16/15 12/2/15 45.000 47.000 27.000 117.761 119.094 119.967 129.110 129.110 129.110 5,299.26 5,597.40 3,239.11 5,809.95 6,068.17 3,485.97 510.69 470.77 246.86 LT LT LT 2/16/16 16.000 128.298 129.110 2,052.77 2,065.76 12.99 LT 5/2/16 14.000 125.899 129.110 1,762.58 1,807.54 44.96 LT Total 149.000 17,951.12 19,237.39 1,286.27 LT 578.00 3.00 Next Dividend Payable 07/05/17; Asset Class: Equities KLA TENCOR CORP (KLAC) 11/9/15 2/16/16 214.000 25.000 66.847 65.048 91.510 91.510 14,305.28 1,626.19 19,583.14 2,287.75 5,277.86 661.56 LT LT Total 239.000 15,931.47 21,870.89 5,939.42 LT 516.00 2.35 Next Dividend Payable 09/2017; Asset Class: Equities KRAFT HEINZ CO (KHC) 11/9/15 11/4/16 2/14/17 60.000 53.000 53.000 68.627 83.562 90.140 85.640 85.640 85.640 4,117.64 4,428.79 4,777.42 5,138.40 4,538.92 4,538.92 1,020.76 110.13 (238.50) LT ST ST R R 3/31/17 43.000 90.912 85.640 3,909.22 3,682.52 (226.70)ST Total 209.000 17,233.07 17,898.76 1,020.76 (355.07) LT ST 502.00 2.80 Next Dividend Payable 09/2017; 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 53.890 53.890 53.890 12,459.28 1,820.90 6,094.76 7,167.37 1,185.58 4,149.53 (5,291.91) (635.32) (1,945.23) LT LT LT 11/1/16 34.000 65.864 53.890 2,239.39 1,832.26 (407.13)ST Total 266.000 22,614.33 14,334.74 (7,872.46) (407.13) LT ST 638.00 4.45 Next Dividend Payable 09/2017; Asset Class: Equities M&T BANK CORP (MTB) 2/18/16 126.000 105.995 161.950 13,355.42 20,405.70 7,050.28 LT 378.00 1.85 Next Dividend Payable 09/2017; Asset Class: Equities MC DONALDS CORP (MCD) 4/26/17 6/5/17 53.000 19.000 140.734 152.994 153.160 153.160 7,458.91 2,906.89 8,117.48 2,910.04 658.57 3.15 ST ST Total 72.000 10,365.80 11,027.52 661.72 ST 271.00 2.45 Next Dividend Payable 09/2017; Asset Class: Equities MERCK & CO INC NEW COM (MRK) 11/9/15 2/16/16 639.000 66.000 54.145 49.967 64.090 64.090 34,598.40 3,297.84 40,953.51 4,229.94 6,355.11 932.10 LT LT Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 63 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 705.000 37,896.24 45,183.45 7,287.21 LT 1,325.00 2.93 Next Dividend Payable 07/10/17; Asset Class: Equities METLIFE INCORPORATED (MET) 3/26/15 12/2/15 2/16/16 420.000 42.000 36.000 50.812 50.830 38.167 54.940 54.940 54.940 21,341.17 2,134.86 1,374.01 23,074.80 2,307.48 1,977.84 1,733.63 172.62 603.83 LT LT LT 4/26/16 149.000 46.574 54.940 6,939.56 8,186.06 1,246.50 LT 8/3/16 160.000 43.474 54.940 6,955.86 8,790.40 1,834.54 ST Total 807.000 38,745.46 44,336.58 3,756.58 1,834.54 LT ST 1,291.00 2.91 Next Dividend Payable 09/2017; Asset Class: Equities MICROSOFT CORP (MSFT) 11/9/15 2/16/16 3/11/16 452.000 48.000 129.000 53.859 50.847 52.916 68.930 68.930 68.930 24,344.36 2,440.67 6,826.14 31,156.36 3,308.64 8,891.97 6,812.00 867.97 2,065.83 LT LT LT 4/22/16 78.000 51.277 68.930 3,999.62 5,376.54 1,376.92 LT Total 707.000 37,610.79 48,733.51 11,122.72 LT 1,103.00 2.26 Next Dividend Payable 09/2017; Asset Class: Equities MOLSON COORS BREWING CO CL B (TAP) 2/16/16 3/11/16 6/9/16 56.000 56.000 41.000 85.084 91.748 102.969 86.340 86.340 86.340 4,764.73 5,137.89 4,221.72 4,835.04 4,835.04 3,539.94 70.31 (302.85) (681.78) LT LT LT 5/10/17 42.000 92.762 86.340 3,896.02 3,626.28 (269.74)ST Total 195.000 18,020.36 16,836.30 (914.32) (269.74) LT ST 320.00 1.90 Next Dividend Payable 09/2017; Asset Class: Equities MONDELEZ INTL INC COM (MDLZ) 11/9/15 12/2/15 2/16/16 336.000 78.000 26.000 43.587 43.576 38.477 43.190 43.190 43.190 14,645.27 3,398.89 1,000.41 14,511.84 3,368.82 1,122.94 (133.43) (30.07) 122.53 LT LT LT R R R 5/2/16 62.000 43.590 43.190 2,702.61 2,677.78 (24.83)LT R Total 502.000 21,747.18 21,681.38 (65.80)LT 382.00 1.76 Next Dividend Payable 07/13/17; Asset Class: Equities NEXTERA ENERGY INC (NEE) 11/9/15 2/16/16 90.000 53.000 98.693 111.972 140.130 140.130 8,882.37 5,934.49 12,611.70 7,426.89 3,729.33 1,492.40 LT LT Total 143.000 14,816.86 20,038.59 5,221.73 LT 562.00 2.80 Next Dividend Payable 09/2017; Asset Class: Equities NISOURCE INC (NI) 11/9/15 2/16/16 498.000 71.000 18.870 21.180 25.360 25.360 9,397.26 1,503.78 12,629.28 1,800.56 3,232.02 296.78 LT LT Total 569.000 10,901.04 14,429.84 3,528.80 LT 398.00 2.75 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 64 of 144 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 NORFOLK SOUTHERN CORP (NSC) 9/28/15 11/16/15 43.000 107.000 75.028 87.720 121.700 121.700 3,226.20 9,386.04 5,233.10 13,021.90 2,006.90 3,635.86 LT LT Total 150.000 12,612.24 18,255.00 5,642.76 LT 366.00 2.00 Next Dividend Payable 09/2017; Asset Class: Equities NORTHERN TRUST CORP (NTRS) 11/9/15 2/16/16 242.000 21.000 73.857 58.690 97.210 97.210 17,873.37 1,232.49 23,524.82 2,041.41 5,651.45 808.92 LT LT Total 263.000 19,105.86 25,566.23 6,460.37 LT 400.00 1.56 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 59.870 59.870 59.870 32,926.40 5,424.38 4,062.89 26,223.06 4,370.51 3,592.20 (6,703.34) (1,053.87) (470.69) LT LT LT 5/2/16 38.000 76.220 59.870 2,896.37 2,275.06 (621.31)LT 11/18/16 39.000 68.690 59.870 2,678.91 2,334.93 (343.98)ST 2/2/17 43.000 68.830 59.870 2,959.69 2,574.41 (385.28)ST 5/5/17 118.000 59.879 59.870 7,065.67 7,064.66 (1.01)ST Total 809.000 58,014.31 48,434.83 (8,849.21) (730.27) LT ST 2,459.00 5.07 Next Dividend Payable 07/14/17; Asset Class: Equities PEPSICO INC NC (PEP) 2/16/16 3/11/16 1/23/17 60.000 62.000 36.000 98.470 101.232 103.767 115.490 115.490 115.490 5,908.20 6,276.38 3,735.61 6,929.40 7,160.38 4,157.64 1,021.20 884.00 422.03 LT LT ST Total 158.000 15,920.19 18,247.42 1,905.20 422.03 LT ST 509.00 2.78 Next Dividend Payable 09/2017; Asset Class: Equities PFIZER INC (PFE) 11/27/15 2/16/16 4/22/16 1,076.000 145.000 91.000 32.760 29.655 33.359 33.590 33.590 33.590 35,249.76 4,300.02 3,035.67 36,142.84 4,870.55 3,056.69 893.08 570.53 21.02 LT LT LT Total 1,312.000 42,585.45 44,070.08 1,484.63 LT 1,679.00 3.80 Next Dividend Payable 09/2017; Asset Class: Equities PHILIP MORRIS INTL INC (PM) 11/9/15 2/16/16 114.000 24.000 85.028 89.898 117.450 117.450 9,693.23 2,157.54 13,389.30 2,818.80 3,696.07 661.26 LT LT Total 138.000 11,850.77 16,208.10 4,357.33 LT 574.00 3.54 Next Dividend Payable 07/11/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 65 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PNC FINL SVCS GP (PNC) 11/9/15 2/16/16 1/3/17 417.000 34.000 52.000 94.170 84.041 117.692 124.870 124.870 124.870 39,268.89 2,857.39 6,119.97 52,070.79 4,245.58 6,493.24 12,801.90 1,388.19 373.27 LT LT ST Total 503.000 48,246.25 62,809.61 14,190.09 373.27 LT ST 1,107.00 1.76 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 93.488 109.960 109.960 109.960 10,255.36 2,851.34 3,833.01 11,105.96 2,968.92 4,508.36 850.60 117.58 675.35 LT LT LT 8/2/16 29.000 103.710 109.960 3,007.58 3,188.84 181.26 ST 5/1/17 28.000 109.781 109.960 3,073.87 3,078.88 5.01 ST Total 226.000 23,021.16 24,850.96 1,643.53 186.27 LT ST 362.00 1.45 Next Dividend Payable 09/2017; Asset Class: Equities PRAXAIR INC (PX) 11/18/15 12/2/15 2/16/16 4.000 15.000 11.000 114.306 110.562 104.072 132.550 132.550 132.550 457.23 1,658.43 1,144.79 530.20 1,988.25 1,458.05 72.97 329.82 313.26 LT LT LT 5/2/16 25.000 118.124 132.550 2,953.11 3,313.75 360.64 LT 7/1/16 40.000 113.226 132.550 4,529.05 5,302.00 772.95 ST Total 95.000 10,742.61 12,592.25 1,076.69 772.95 LT ST 299.00 2.37 Next Dividend Payable 09/2017; Asset Class: Equities PROCTER & GAMBLE (PG) 11/9/15 2/16/16 44.000 30.000 75.300 81.277 87.150 87.150 3,313.20 2,438.32 3,834.60 2,614.50 521.40 176.18 LT LT Total 74.000 5,751.52 6,449.10 697.58 LT 204.00 3.16 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 44.090 44.090 6,593.64 910.80 9,258.90 1,014.07 2,665.26 103.27 LT ST Total 233.000 7,504.44 10,272.97 2,665.26 103.27 LT ST 159.00 1.54 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 69.758 108.140 108.140 108.140 15,548.82 1,017.10 2,999.60 19,573.34 1,730.24 4,650.02 4,024.52 713.14 1,650.42 LT LT ST Total 240.000 19,565.52 25,953.60 4,737.66 1,650.42 LT ST 720.00 2.77 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 66 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 09/2017; Asset Class: Equities QUALCOMM INC (QCOM) 9/8/15 1/23/17 201.000 96.000 55.087 55.558 55.220 55.220 11,072.43 5,333.54 11,099.22 5,301.12 26.79 (32.42) LT ST Total 297.000 16,405.97 16,400.34 26.79 (32.42) LT ST 677.00 4.12 Next Dividend Payable 09/2017; Asset Class: Equities R P M INC (RPM) 11/9/15 12/2/15 4/19/17 119.000 39.000 87.000 45.561 47.277 50.825 54.550 54.550 54.550 5,421.74 1,843.82 4,421.75 6,491.45 2,127.45 4,745.85 1,069.71 283.63 324.10 LT LT ST Total 245.000 11,687.31 13,364.75 1,353.34 324.10 LT ST 294.00 2.19 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 63.730 63.730 63.730 12,942.81 1,354.71 5,465.28 18,927.81 1,911.90 7,583.87 5,985.00 557.19 2,118.59 LT LT LT 9/16/16 44.000 50.060 63.730 2,202.62 2,804.12 601.50 ST 10/5/16 46.000 50.082 63.730 2,303.78 2,931.58 627.80 ST Total 536.000 24,269.20 34,159.28 8,660.78 1,229.30 LT ST 686.00 2.00 Next Dividend Payable 07/14/17; Asset Class: Equities S&P GLOBAL INC COM (SPGI) 11/9/15 2/16/16 36.000 11.000 96.094 87.584 145.990 145.990 3,459.38 963.42 5,255.64 1,605.89 1,796.26 642.47 LT LT Total 47.000 4,422.80 6,861.53 2,438.73 LT 77.00 1.12 Next Dividend Payable 09/2017; Asset Class: Equities SCHLUMBERGER LTD (SLB) 11/9/15 12/22/15 5/10/16 94.000 57.000 60.000 78.020 69.491 73.758 65.840 65.840 65.840 7,333.88 3,960.96 4,425.46 6,188.96 3,752.88 3,950.40 (1,144.92) (208.08) (475.06) LT LT LT 8/30/16 38.000 81.296 65.840 3,089.24 2,501.92 (587.32)ST 11/7/16 85.000 79.150 65.840 6,727.75 5,596.40 (1,131.35)ST Total 334.000 25,537.29 21,990.56 (1,828.06) (1,718.67) LT ST 668.00 3.03 Next Dividend Payable 07/14/17; Asset Class: Equities SIMON PPTY GROUP INC (SPG) 11/9/15 2/16/16 5/13/16 103.000 13.000 20.000 190.056 185.824 196.291 161.760 161.760 161.760 19,575.76 2,415.71 3,925.81 16,661.28 2,102.88 3,235.20 (2,914.48) (312.83) (690.61) LT LT LT Total 136.000 25,917.28 21,999.36 (3,917.92)LT 925.00 4.20 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 67 of 144 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: Alt SNAP-ON INC (SNA) 11/9/15 30.000 169.053 158.000 5,071.58 4,740.00 (331.58)LT 85.00 1.79 Next Dividend Payable 09/2017; Asset Class: Equities STANLEY BLACK & DECKER INC (SWK) 2/16/16 2/23/16 11/1/16 59.000 35.000 18.000 92.966 93.440 113.557 140.730 140.730 140.730 5,485.00 3,270.40 2,044.03 8,303.07 4,925.55 2,533.14 2,818.07 1,655.15 489.11 LT LT ST 5/1/17 20.000 136.363 140.730 2,727.25 2,814.60 87.35 ST Total 132.000 13,526.68 18,576.36 4,473.22 576.46 LT ST 306.00 1.64 Next Dividend Payable 09/2017; Asset Class: Equities T ROWE PRICE GROUP INC (TROW) 11/17/15 306.000 75.381 74.210 23,066.68 22,708.26 (358.42)LT 698.00 3.07 Next Dividend Payable 09/2017; 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 76.930 76.930 76.930 22,469.47 1,790.78 2,828.28 30,310.42 2,615.62 3,769.57 7,840.95 824.84 941.29 LT LT LT Total 477.000 27,088.53 36,695.61 9,607.08 LT 954.00 2.59 Next Dividend Payable 08/2017; Asset Class: Equities TIFFANY & COMPANY NEW (TIF) 11/9/15 113.000 79.957 93.870 9,035.18 10,607.31 1,572.13 LT 226.00 2.13 Next Dividend Payable 07/10/17; Asset Class: Equities TIME WARNER INC NEW (TWX) 11/9/15 161.000 68.505 100.410 11,029.30 16,166.01 5,136.71 LT 259.00 1.60 Next Dividend Payable 09/2017; Asset Class: Equities TRAVELERS COMPANIES INC COM (TRV) 11/9/15 12/2/15 2/16/16 304.000 25.000 34.000 112.610 114.880 107.191 126.530 126.530 126.530 34,233.41 2,872.00 3,644.51 38,465.12 3,163.25 4,302.02 4,231.71 291.25 657.51 LT LT LT Total 363.000 40,749.92 45,930.39 5,180.47 LT 1,045.00 2.27 Next Dividend Payable 09/2017; Asset Class: Equities U S BANCORP COM NEW (USB) 11/9/15 2/16/16 1/3/17 451.000 39.000 80.000 43.112 40.427 51.265 51.920 51.920 51.920 19,443.69 1,576.65 4,101.18 23,415.92 2,024.88 4,153.60 3,972.23 448.23 52.42 LT LT ST Total 570.000 25,121.52 29,594.40 4,420.46 52.42 LT ST 638.00 2.15 Next Dividend Payable 07/17/17; Asset Class: Equities UNION PACIFIC CORP (UNP) 11/9/15 11/18/16 12/1/16 152.000 23.000 35.000 86.780 99.917 103.535 108.910 108.910 108.910 13,190.56 2,298.10 3,623.71 16,554.32 2,504.93 3,811.85 3,363.76 206.83 188.14 LT ST ST 3/1/17 28.000 110.375 108.910 3,090.50 3,049.48 (41.02)ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 68 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 5/1/17 22.000 112.187 108.910 2,468.11 2,396.02 (72.09)ST Total 260.000 24,670.98 28,316.60 3,363.76 281.86 LT ST 629.00 2.22 Next Dividend Payable 09/2017; Asset Class: Equities V F CORPORATION (VFC) 11/9/15 2/16/16 5/2/16 21.000 83.000 51.000 67.261 60.010 63.687 57.600 57.600 57.600 1,412.48 4,980.83 3,248.04 1,209.60 4,780.80 2,937.60 (202.88) (200.03) (310.44) LT LT LT Total 155.000 9,641.35 8,928.00 (713.35)LT 260.00 2.91 Next Dividend Payable 09/2017; 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 67.460 67.460 67.460 5,556.60 2,015.76 4,364.31 6,611.08 2,496.02 5,396.80 1,054.48 480.26 1,032.49 LT LT ST 11/30/16 40.000 62.110 67.460 2,484.38 2,698.40 214.02 ST 2/2/17 38.000 65.630 67.460 2,493.94 2,563.48 69.54 ST Total 293.000 16,914.99 19,765.78 1,534.74 1,316.05 LT ST 820.00 4.14 Next Dividend Payable 09/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/9/15 100.000 45.163 51.970 4,516.26 5,197.00 680.74 LT 152.00 2.92 Next Dividend Payable 09/2017; 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 44.660 44.660 44.660 5,287.72 20,833.31 3,357.85 4,867.94 20,141.66 2,992.22 (419.78) (691.65) (365.63) LT LT LT 5/2/16 55.000 51.210 44.660 2,816.55 2,456.30 (360.25)LT 2/2/17 56.000 47.987 44.660 2,687.25 2,500.96 (186.29)ST Total 738.000 34,982.68 32,959.08 (1,837.31) (186.29) LT ST 1,705.00 5.17 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 55.410 55.410 55.410 59,845.53 7,492.02 3,083.87 59,953.62 8,588.55 3,380.01 108.09 1,096.53 296.14 LT LT LT Total 1,298.000 70,421.42 71,922.18 1,500.76 LT 1,973.00 2.74 Next Dividend Payable 09/2017; Asset Class: Equities WESTROCK CO COM (WRK) 11/9/15 90.000 46.464 56.660 4,181.76 5,099.40 917.64 LT 144.00 2.82 Next Dividend Payable 08/2017; Asset Class: Equities WYNDHAM WORLDWIDE CORP (WYN) 11/9/15 12/2/15 55.000 26.000 80.528 76.296 100.410 100.410 4,429.01 1,983.69 5,522.55 2,610.66 1,093.54 626.97 LT LT Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 69 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 81.000 6,412.70 8,133.21 1,720.51 LT 188.00 2.31 Next Dividend Payable 09/2017; Asset Class: Equities XCEL ENERGY INC (XEL) 11/9/15 2/16/16 436.000 62.000 34.903 38.607 45.880 45.880 15,217.53 2,393.63 20,003.68 2,844.56 4,786.15 450.93 LT LT Total 498.000 17,611.16 22,848.24 5,237.08 LT 717.00 3.13 Next Dividend Payable 07/20/17; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 98.63%$2,097,554.72 $2,427,391.38 $294,255.79 $35,580.87 LT ST $62,350.00 2.57% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $2,097,554.72 $2,461,113.61 $294,255.79 $35,580.87 LT ST $62,384.00 $0.00 2.53% TOTAL VALUE (includes accrued interest)100.00%$2,461,113.61 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 $33,722.23 —————— Stocks —$2,359,872.46 —$67,518.92 ——— TOTAL ALLOCATION OF ASSETS $33,722.23 $2,359,872.46 —$67,518.92 ——— 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 70 of 144 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/5 6/8 Bought MC DONALDS CORP ACTED AS AGENT 19.000 $152.9940 $(2,906.89) 6/5 6/8 Bought GENUINE PARTS CO ACTED AS AGENT 30.000 94.2850 (2,828.55) 6/15 6/20 Sold REYNOLDS AMERICAN INC ACTED AS AGENT 79.000 65.7174 5,191.55 6/15 6/20 Sold V F CORPORATION ACTED AS AGENT 88.000 55.7078 4,902.18 6/22 6/27 Sold PRAXAIR INC ACTED AS AGENT 36.000 132.4543 4,768.24 6/22 6/27 Bought AIR PROD & CHEM INC ACTED AS AGENT 34.000 144.4493 (4,911.28) 6/23 6/28 Sold REYNOLDS AMERICAN INC ACTED AS AGENT 94.000 65.9447 6,198.66 6/23 6/28 Bought DOVER CORP ACTED AS AGENT 57.000 78.1863 (4,456.62) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $5,957.29 TOTAL PURCHASES $(15,103.34) TOTAL SALES AND REDEMPTIONS $21,060.63 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) 6/1 Qualified Dividend WELLS FARGO & CO NEW $493.24 6/1 Qualified Dividend PFIZER INC 419.84 6/1 Qualified Dividend CONOCOPHILLIPS 283.29 6/1 Qualified Dividend BB & T CORP 222.60 6/1 Qualified Dividend KLA TENCOR CORP 129.06 6/7 Qualified Dividend VALERO ENERGY CP DELA NEW 205.10 6/8 Qualified Dividend MICROSOFT CORP 275.73 6/9 Qualified Dividend EXXON MOBIL CORP 405.02 6/9 Qualified Dividend HONEYWELL INTERNATIONAL INC 185.54 6/9 Qualified Dividend ELI LILLY & CO 117.52 6/9 Qualified Dividend WYNDHAM WORLDWIDE CORP 46.98 6/9 Qualified Dividend SNAP-ON INC 21.30 6/12 Qualified Dividend CHEVRON CORP 644.76 6/12 Qualified Dividend 3M COMPANY 129.25 6/12 Qualified Dividend DU PONT EI DE NEMOURS & CO 91.58 6/12 Qualified Dividend NORFOLK SOUTHERN CORP 91.50 6/12 Qualified Dividend PPG INDUSTRIES INC 90.40 6/12 Qualified Dividend S&P GLOBAL INC COM 19.27 6/13 Qualified Dividend JOHNSON & JOHNSON 425.04 6/13 Qualified Dividend METLIFE INCORPORATED 322.80 6/15 Qualified Dividend HOME DEPOT INC 258.10 6/15 Qualified Dividend PRUDENTIAL FINANCIAL INC 180.00 6/15 Qualified Dividend NEXTERA ENERGY INC 140.50 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 71 of 144 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 6/15 Qualified Dividend PRAXAIR INC 103.16 6/15 Qualified Dividend DOVER CORP 99.88 6/15 Qualified Dividend MOLSON COORS BREWING CO CL B 79.95 6/15 Qualified Dividend CULLEN FROST BANKERS INC 79.80 6/15 Qualified Dividend TIME WARNER INC NEW 64.80 6/16 Qualified Dividend L BRANDS INC COM 159.60 6/16 Qualified Dividend KRAFT HEINZ CO 125.40 6/16 Qualified Dividend ARTHUR J GALLAGHER 101.40 6/19 Qualified Dividend V F CORPORATION 102.06 6/19 Qualified Dividend MC DONALDS CORP 49.82 6/20 Qualified Dividend ANALOG DEVICES INC 168.30 6/20 Qualified Dividend STANLEY BLACK & DECKER INC 76.56 6/21 Qualified Dividend QUALCOMM INC 169.29 6/22 Qualified Dividend CINEMARK HOLDINGS INC.75.40 6/23 Qualified Dividend BLACKROCK INC 312.50 6/26 Qualified Dividend CME GROUP INC 257.40 6/29 Qualified Dividend T ROWE PRICE GROUP INC 174.42 6/29 Qualified Dividend GILEAD SCIENCE 70.72 6/30 Qualified Dividend TRAVELERS COMPANIES INC COM 261.36 6/30 Qualified Dividend BANK OF AMERICA CORP 230.10 6/30 Qualified Dividend UNION PACIFIC CORP 157.30 6/30 Qualified Dividend PEPSICO INC NC 127.19 6/30 Qualified Dividend M&T BANK CORP 94.50 6/30 Qualified Dividend BECTON DICKINSON & CO 91.25 6/30 Qualified Dividend FIDELITY NATL INFORMATION SE 72.21 6/30 Qualified Dividend VALIDUS HOLDINGS LTD COM 38.00 6/30 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 06/01-06/30) 0.27 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $8,541.06 TOTAL QUALIFIED DIVIDENDS $8,540.79 TOTAL INTEREST $0.27 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/1 Automatic Investment BANK DEPOSIT PROGRAM $1,548.03 6/7 Automatic Investment BANK DEPOSIT PROGRAM 205.10 6/8 Automatic Redemption BANK DEPOSIT PROGRAM (5,459.71) 6/9 Automatic Investment BANK DEPOSIT PROGRAM 776.36 6/12 Automatic Investment BANK DEPOSIT PROGRAM 1,066.76 6/13 Automatic Investment BANK DEPOSIT PROGRAM 747.84 6/15 Automatic Investment BANK DEPOSIT PROGRAM 1,006.19 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 3 9 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 72 of 144 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 6/16 Automatic Investment BANK DEPOSIT PROGRAM 386.40 6/19 Automatic Investment BANK DEPOSIT PROGRAM 151.88 6/20 Automatic Investment BANK DEPOSIT PROGRAM 244.86 6/21 Automatic Investment BANK DEPOSIT PROGRAM 10,263.02 6/22 Automatic Investment BANK DEPOSIT PROGRAM 75.40 6/23 Automatic Investment BANK DEPOSIT PROGRAM 312.50 6/26 Automatic Investment BANK DEPOSIT PROGRAM 257.40 6/27 Automatic Redemption BANK DEPOSIT PROGRAM (143.04) 6/29 Automatic Investment BANK DEPOSIT PROGRAM 1,987.18 6/30 Automatic Investment BANK DEPOSIT PROGRAM 1,071.91 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.27 NET ACTIVITY FOR PERIOD $14,498.35 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 PRAXAIR INC 11/18/15 06/22/17 36.000 $4,768.24 $4,115.03 $653.21 REYNOLDS AMERICAN INC 04/28/16 06/15/17 79.000 5,191.55 3,885.72 1,305.83 04/28/16 06/23/17 5.000 329.72 245.93 83.79 V F CORPORATION 11/09/15 06/15/17 88.000 4,902.18 5,918.98 (1,016.80) Long-Term This Period $15,191.69 $14,165.66 $1,026.03 Long-Term Year to Date $91,770.73 $85,544.36 $6,226.37 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments REYNOLDS AMERICAN INC 08/03/16 06/23/17 87.000 5,737.06 4,280.74 1,456.32 12/01/16 06/23/17 2.000 131.88 107.57 24.31 Short-Term This Period $5,868.94 $4,388.31 $1,480.63 Short-Term Year to Date $18,529.11 $16,053.73 $2,475.38 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110029-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 73 of 144 SHORT-TERM GAIN/(LOSS) (CONTINUED) Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss) Net Realized Gain/(Loss) This Period $21,060.63 $18,553.97 $2,506.66 Net Realized Gain/(Loss) Year to Date $110,299.84 $101,598.09 $8,701.75 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. 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 2 6 4 M S A D S 2 3 1 0 1 7 9 4 0 This page intentionally left blank Page 74 of 144 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 (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $1,537,952.15 $1,526,578.62 Credits —— Debits (215,938.46)(220,887.29) Security Transfers —— Net Credits/Debits/Transfers $(215,938.46)$(220,887.29) Change in Value 45,384.95 61,707.31 TOTAL ENDING VALUE $1,367,398.64 $1,367,398.64 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 700 900 1,100 1,300 1,500 1,700 ($ ) 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 75 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Fixed Income & Preferreds Alternatives Market Value Percentage Cash $15,727.88 1.15 Equities 1,253,953.41 91.70 Fixed Income & Preferreds 7,420.14 0.54 Alternatives 90,297.21 6.60 TOTAL VALUE $1,367,398.64 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 1 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 76 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $43,792.73 $19,807.89 Stocks 1,495,254.91 1,344,250.62 ETFs & CEFs 8,691.30 7,420.14 Net Unsettled Purchases/Sales (9,786.79)(4,080.01) Total Assets $1,537,952.15 $1,367,398.64 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,537,952.15 $1,367,398.64 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $43,792.73 $83,290.74 Purchases (23,842.40)(263,978.91) Sales and Redemptions 219,406.41 405,035.87 Prior Net Unsettled Purch/Sales (9,786.79)N/A Net Unsettled Purch/Sales 4,080.01 4,080.01 Income and Distributions 2,096.39 12,267.47 Total Investment Related Activity $191,953.62 $157,404.44 Electronic Transfers-Debits (216,000.00)(216,000.00) Other Debits 61.54 (4,887.29) Total Cash Related Activity $(215,938.46)$(220,887.29) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $19,807.89 $19,807.89 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Qualified Dividends $1,832.17 $7,693.81 Other Dividends 263.98 4,571.32 Interest 0.24 2.34 Total Taxable Income And Distributions $2,096.39 $12,267.47 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $2,096.39 $12,267.47 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $4,544.85 $11,093.07 $37,229.79 Short-Term (Loss)(787.27)(787.27)(17,510.66) Total Short-Term $3,757.58 $10,305.80 $19,719.13 Long-Term Gain 41,526.10 72,779.19 225,579.90 Long-Term (Loss)(9,351.95)(17,440.92)(47,647.56) Total Long-Term $32,174.15 $55,338.27 $177,932.34 TOTAL GAIN/(LOSS)$35,931.73 $65,644.07 $197,651.47 Disallowed Loss $3,908.05 $4,741.57 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 June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 77 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 03/12/10 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.65% Last Advisory Trade: 06/29/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income Account Risk Tolerance:Aggressive Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 2 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Boston Partners - Smid Cap Value CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 78 of 144 † 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 #$19,807.89 —$20.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $19,807.89 $20.00 NET UNSETTLED PURCHASES/SALES $(4,080.01) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)1.15%$15,727.88 # 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 92.000 41.000 $28.575 31.774 $41.520 41.520 $2,628.91 1,302.75 $3,819.84 1,702.32 $1,190.93 399.57 LT LT Total 133.000 3,931.66 5,522.16 1,590.50 LT 90.00 1.62 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 79 of 144 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) 4/4/17 513.000 13.506 11.650 6,928.78 5,976.45 (952.33)ST —— Asset Class: Equities AECOM (ACM) 11/10/15 2/22/16 77.000 126.000 30.858 26.720 32.330 32.330 2,376.03 3,366.72 2,489.41 4,073.58 113.38 706.86 LT LT Total 203.000 5,742.75 6,562.99 820.24 LT —— Asset Class: Equities AEGION CORP COM (AEGN) 11/10/15 168.000 21.384 21.880 3,592.50 3,675.84 83.34 LT —— Asset Class: Equities AES CORP (AES) 11/10/15 2/22/16 493.000 68.000 9.664 9.446 11.110 11.110 4,764.40 642.33 5,477.23 755.48 712.83 113.15 LT LT R R Total 561.000 5,406.73 6,232.71 825.98 LT 269.00 4.31 Next Dividend Payable 08/2017; Asset Class: Equities AGNC INVT CORP COM (AGNC) 11/10/15 2/22/16 3/13/17 141.000 28.000 37.000 17.420 17.718 19.260 21.290 21.290 21.290 2,456.18 496.10 712.62 3,001.89 596.12 787.73 545.71 100.02 75.11 LT LT ST R R Total 206.000 3,664.90 4,385.74 645.73 75.11 LT ST 445.00 10.14 Next Dividend Payable 07/07/17; Asset Class: Alt AIR LEASE CORP CL A (AL) 10/28/15 11/6/15 2/22/16 2.000 92.000 249.000 33.454 34.982 28.390 37.360 37.360 37.360 66.91 3,218.35 7,069.11 74.72 3,437.12 9,302.64 7.81 218.77 2,233.53 LT LT LT 6/24/16 216.000 26.235 37.360 5,666.80 8,069.76 2,402.96 LT 7/21/16 1.000 29.740 37.360 29.74 37.36 7.62 ST 1/11/17 24.000 35.980 37.360 863.52 896.64 33.12 ST Total 584.000 16,914.43 21,818.24 4,863.07 40.74 LT ST 175.00 0.80 Next Dividend Payable 07/11/17; Asset Class: Equities ALLY FINANCIAL INC (ALLY) 12/4/15 2/22/16 343.000 38.000 19.907 17.487 20.900 20.900 6,828.24 664.51 7,168.70 794.20 340.46 129.69 LT LT Total 381.000 7,492.75 7,962.90 470.15 LT 122.00 1.53 Next Dividend Payable 08/2017; Asset Class: Equities AMC NETWORKS INC CL A (AMCX) 5/19/17 128.000 53.209 53.410 6,810.71 6,836.48 25.77 ST —— Asset Class: Equities AMDOCS LIMITED ORD (DOX) 11/10/15 2/22/16 148.000 20.000 60.001 58.927 64.460 64.460 8,880.22 1,178.54 9,540.08 1,289.20 659.86 110.66 LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 80 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 168.000 10,058.76 10,829.28 770.52 LT 148.00 1.36 Next Dividend Payable 07/14/17; Asset Class: Equities ANWORTH MORTGAGE ASSET CORP (ANH) 11/10/15 457.000 4.700 6.010 2,147.90 2,746.57 598.67 LT 274.00 9.97 Next Dividend Payable 07/28/17; Asset Class: Alt ARES COMMERCIAL REAL EST CORP (ACRE) 11/10/15 2/22/16 533.000 76.000 12.639 9.709 13.090 13.090 6,736.48 737.85 6,976.97 994.84 240.49 256.99 LT LT Total 609.000 7,474.33 7,971.81 497.48 LT 658.00 8.25 Next Dividend Payable 07/17/17; Asset Class: Alt ARROW ELECTRONICS (ARW) 11/10/15 2/22/16 7/21/16 234.000 31.000 18.000 58.614 57.181 65.955 78.420 78.420 78.420 13,715.58 1,772.62 1,187.19 18,350.28 2,431.02 1,411.56 4,634.70 658.40 224.37 LT LT ST Total 283.000 16,675.39 22,192.86 5,293.10 224.37 LT ST —— Asset Class: Equities ASSURANT INC (AIZ) 11/10/15 2/22/16 34.000 5.000 84.225 70.632 103.690 103.690 2,863.66 353.16 3,525.46 518.45 661.80 165.29 LT LT Total 39.000 3,216.82 4,043.91 827.09 LT 83.00 2.05 Next Dividend Payable 09/2017; Asset Class: Equities ASSURED GUARANTY LTD (AGO) 11/10/15 2/22/16 1/11/17 200.000 30.000 34.000 28.557 24.197 39.330 41.740 41.740 41.740 5,711.40 725.92 1,337.22 8,348.00 1,252.20 1,419.16 2,636.60 526.28 81.94 LT LT ST Total 264.000 7,774.54 11,019.36 3,162.88 81.94 LT ST 150.00 1.36 Next Dividend Payable 08/2017; Asset Class: Equities ATHENE HOLDING LTD CLASS A (ATH) 3/29/17 93.000 49.679 49.610 4,620.12 4,613.73 (6.39)ST —— Asset Class: Equities AVNET INC (AVT) 11/10/15 2/22/16 1/11/17 270.000 35.000 30.000 45.701 41.647 46.840 38.880 38.880 38.880 12,339.22 1,457.66 1,405.21 10,497.60 1,360.80 1,166.40 (1,841.62) (96.86) (238.81) LT LT ST Total 335.000 15,202.09 13,024.80 (1,938.48) (238.81) LT ST 241.00 1.85 Next Dividend Payable 09/2017; Asset Class: Equities AXIS CAPITAL HOLDINGS LTD (AXS) 11/10/15 2/22/16 46.000 28.000 55.520 53.607 64.660 64.660 2,553.92 1,500.99 2,974.36 1,810.48 420.44 309.49 LT LT Total 74.000 4,054.91 4,784.84 729.93 LT 112.00 2.34 Next Dividend Payable 07/17/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 81 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % BANKUNITED INC (BKU) 3/28/17 253.000 36.271 33.710 9,176.54 8,528.63 (647.91)ST 213.00 2.49 Next Dividend Payable 07/2017; Asset Class: Equities BELDEN INC (BDC) 11/10/15 49.000 63.248 75.430 3,099.15 3,696.07 596.92 LT 10.00 0.27 Next Dividend Payable 07/06/17; Asset Class: Equities BERRY GLOBAL GROUP INC (BERY) 2/22/16 246.000 30.150 57.010 7,416.90 14,024.46 6,607.56 LT —— Asset Class: Equities BLACKSTONE MTG TRUST INC CL A (BXMT) 9/21/16 3/13/17 103.000 15.000 29.515 30.107 31.600 31.600 3,040.00 451.60 3,254.80 474.00 214.80 22.40 ST ST Total 118.000 3,491.60 3,728.80 237.20 ST 293.00 7.85 Next Dividend Payable 07/14/17; Asset Class: Alt BMC STK HLDGS INC (BMCH) 11/10/15 2/22/16 5/20/16 315.000 44.000 96.000 17.137 14.715 18.057 21.850 21.850 21.850 5,398.28 647.44 1,733.44 6,882.75 961.40 2,097.60 1,484.47 313.96 364.16 LT LT LT Total 455.000 7,779.16 9,941.75 2,162.59 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 32.540 32.540 3,323.68 489.37 3,709.56 585.72 385.88 96.35 LT LT Total 132.000 3,813.05 4,295.28 482.23 LT 90.00 2.09 Next Dividend Payable 09/2017; Asset Class: Equities BRISTOW GROUP INC (BRS) 11/10/15 11/10/15 12/1/15 50.000 8.000 157.000 30.736 30.138 30.967 7.650 7.650 7.650 1,536.78 241.10 4,861.77 382.50 61.20 1,201.05 (1,154.28) (179.90) (3,660.72) LT LT LT H H 12/1/15 106.000 30.754 7.650 3,259.92 810.90 (2,449.02)LT H 2/22/16 13.000 15.377 7.650 199.90 99.45 (100.45)LT 6/7/17 232.000 6.880 7.650 1,596.23 1,774.80 178.57 ST Total 566.000 11,695.70 4,329.90 (7,544.37) 178.57 LT ST 158.00 3.64 Next Dividend Payable 09/2017; Basis Adjustment Due to Wash Sale: $3,550.19; Asset Class: Equities BROCADE COMMUN SYSTEMS INC (BRCD) 11/10/15 2/22/16 609.000 75.000 10.728 9.810 12.610 12.610 6,533.59 735.75 7,679.49 945.75 1,145.90 210.00 LT LT Total 684.000 7,269.34 8,625.24 1,355.90 LT 150.00 1.73 Next Dividend Payable 07/05/17; Asset Class: Equities BROOKS-AUTOMATION INC (BRKS) 11/10/15 2/22/16 263.000 45.000 11.258 9.310 21.690 21.690 2,960.91 418.95 5,704.47 976.05 2,743.56 557.10 LT LT Total 308.000 3,379.86 6,680.52 3,300.66 LT 123.00 1.84 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 82 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 09/2017; Asset Class: Equities BRUNSWICK CORP (BC) 10/28/16 78.000 43.116 62.730 3,363.04 4,892.94 1,529.90 ST 51.00 1.04 Next Dividend Payable 09/2017; Asset Class: Equities CABOT CORP (CBT) 11/10/15 81.000 41.164 53.430 3,334.26 4,327.83 993.57 LT 102.00 2.35 Next Dividend Payable 09/2017; Asset Class: Equities CARLISLE CO INC (CSL) 4/4/17 78.000 104.444 95.400 8,146.64 7,441.20 (705.44)ST 109.00 1.46 Next Dividend Payable 09/2017; Asset Class: Equities CARS COM INC (CARS) 11/10/15 2/22/16 6/7/17 65.333 6.667 89.000 29.544 26.588 28.741 26.630 26.630 26.630 1,930.18 177.26 2,557.92 1,739.82 177.54 2,370.07 (190.36) 0.28 (187.85) LT LT ST Total 161.000 4,665.36 4,287.43 (190.08) (187.85) LT ST —— Asset Class: Equities CDW CORPORATION (CDW) 11/10/15 2/22/16 1/11/17 219.000 32.000 24.000 42.590 38.900 53.042 62.530 62.530 62.530 9,327.21 1,244.80 1,273.00 13,694.07 2,000.96 1,500.72 4,366.86 756.16 227.72 LT LT ST Total 275.000 11,845.01 17,195.75 5,123.02 227.72 LT ST 176.00 1.02 Next Dividend Payable 09/2017; Asset Class: Equities CHATHAM LODGING TRUST COM (CLDT) 11/10/15 2/22/16 294.000 38.000 22.452 20.813 20.090 20.090 6,600.79 790.91 5,906.46 763.42 (694.33) (27.49) LT LT R R Total 332.000 7,391.70 6,669.88 (721.82)LT 438.00 6.56 Next Dividend Payable 07/28/17; Asset Class: Alt CHEMED CORPORATION (CHE) 11/10/15 2/22/16 1/11/17 51.000 11.000 8.000 153.059 128.620 163.136 204.530 204.530 204.530 7,805.99 1,414.82 1,305.09 10,431.03 2,249.83 1,636.24 2,625.04 835.01 331.15 LT LT ST Total 70.000 10,525.90 14,317.10 3,460.05 331.15 LT ST 73.00 0.50 Next Dividend Payable 09/2017; Asset Class: Equities CLUBCORP HLDGS INC (MYCC) 12/7/15 2/22/16 9/2/16 195.000 36.000 575.000 17.476 10.797 15.044 13.100 13.100 13.100 3,407.78 388.70 8,650.30 2,554.50 471.60 7,532.50 (853.28) 82.90 (1,117.80) LT LT ST Total 806.000 12,446.78 10,558.60 (770.38) (1,117.80) LT ST 419.00 3.96 Next Dividend Payable 07/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 83 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % COHERENT INC (COHR) 11/10/15 2/22/16 1/11/17 75.000 9.000 11.000 63.180 83.541 142.927 224.990 224.990 224.990 4,738.49 751.87 1,572.20 16,874.25 2,024.91 2,474.89 12,135.76 1,273.04 902.69 LT LT ST Total 95.000 7,062.56 21,374.05 13,408.80 902.69 LT ST —— Asset Class: Equities COLONY NORTHSTAR INC (CLNS) 11/10/15 2/22/16 4/29/16 490.000 69.000 88.000 14.552 11.156 11.967 14.090 14.090 14.090 7,130.44 769.73 1,053.10 6,904.10 972.21 1,239.92 (226.34) 202.48 186.82 LT LT LT Total 647.000 8,953.27 9,116.23 162.96 LT 699.00 7.66 Next Dividend Payable 07/17/17; Asset Class: Alt COLUMBIA BANKING SYSTEMS INC (COLB) 11/10/15 2/22/16 69.000 11.000 35.365 28.650 39.850 39.850 2,440.22 315.15 2,749.65 438.35 309.43 123.20 LT LT Total 80.000 2,755.37 3,188.00 432.63 LT 70.00 2.19 Next Dividend Payable 08/2017; Asset Class: Equities COMMSCOPE HOLDING COMPANY INC (COMM) 9/16/16 11/11/16 181.000 94.000 30.384 33.030 38.030 38.030 5,499.50 3,104.85 6,883.43 3,574.82 1,383.93 469.97 ST ST Total 275.000 8,604.35 10,458.25 1,853.90 ST —— Asset Class: Equities CONVERGYS CORPORATION (CVG) 11/10/15 2/22/16 158.000 19.000 25.777 24.877 23.780 23.780 4,072.69 472.67 3,757.24 451.82 (315.45) (20.85) LT LT Total 177.000 4,545.36 4,209.06 (336.30)LT 71.00 1.68 Next Dividend Payable 07/07/17; Asset Class: Equities CROWN HLDGS INC (HOLDING CO) (CCK) 11/10/15 2/22/16 4/29/16 41.000 27.000 6.000 51.933 45.775 53.030 59.660 59.660 59.660 2,129.27 1,235.93 318.18 2,446.06 1,610.82 357.96 316.79 374.89 39.78 LT LT LT Total 74.000 3,683.38 4,414.84 731.46 LT —— Asset Class: Equities CURTISS WRIGHT CORP (CW) 11/10/15 2/22/16 13.000 56.000 68.210 66.786 91.780 91.780 886.73 3,740.02 1,193.14 5,139.68 306.41 1,399.66 LT LT Total 69.000 4,626.75 6,332.82 1,706.07 LT 36.00 0.56 Next Dividend Payable 07/06/17; Asset Class: Equities CYS INVESTMENTS INC (CYS) 11/10/15 2/22/16 1,274.000 175.000 7.222 7.411 8.410 8.410 9,201.35 1,296.91 10,714.34 1,471.75 1,512.99 174.84 LT LT R R Total 1,449.000 10,498.26 12,186.09 1,687.83 LT 1,449.00 11.89 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 84 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 07/12/17; Asset Class: Alt DIAMONDBACK ENERGY INC (FANG) 5/12/15 5/12/15 5/12/15 14.000 22.000 23.000 78.721 79.474 79.459 88.810 88.810 88.810 1,102.10 1,748.43 1,827.56 1,243.34 1,953.82 2,042.63 141.24 205.39 215.07 LT LT LT 12/2/15 67.000 76.425 88.810 5,120.49 5,950.27 829.78 LT 2/22/16 18.000 73.410 88.810 1,321.38 1,598.58 277.20 LT 1/11/17 13.000 103.078 88.810 1,340.01 1,154.53 (185.48)ST Total 157.000 12,459.97 13,943.17 1,668.68 (185.48) LT ST —— Asset Class: Equities DICKS SPORTING GOODS INC (DKS) 3/7/17 3/7/17 5/16/17 76.000 23.000 68.000 47.810 47.963 41.065 39.830 39.830 39.830 3,633.56 1,103.14 2,792.39 3,027.08 916.09 2,708.44 (606.48) (187.05) (83.95) ST ST ST H Total 167.000 7,529.09 6,651.61 (877.48)ST 114.00 1.71 Next Dividend Payable 09/2017; Basis Adjustment Due to Wash Sale: $158.66; Asset Class: Equities DRILL-QUIP INC (DRQ) 12/15/15 2/22/16 54.000 7.000 59.994 52.246 48.800 48.800 3,239.70 365.72 2,635.20 341.60 (604.50) (24.12) LT LT Total 61.000 3,605.42 2,976.80 (628.62)LT —— Asset Class: Equities E*TRADE FINANCIAL CORP NEW COM (ETFC) 10/19/16 2/9/17 92.000 205.000 28.624 35.880 38.030 38.030 2,633.39 7,355.40 3,498.76 7,796.15 865.37 440.75 ST ST Total 297.000 9,988.79 11,294.91 1,306.12 ST —— Asset Class: Equities EAST WEST BANCORP (EWBC) 2/22/16 9/21/16 128.000 123.000 29.860 35.957 58.580 58.580 3,822.08 4,422.71 7,498.24 7,205.34 3,676.16 2,782.63 LT ST Total 251.000 8,244.79 14,703.58 3,676.16 2,782.63 LT ST 201.00 1.36 Next Dividend Payable 08/2017; Asset Class: Equities ENERSYS (ENS) 11/10/15 2/22/16 3/14/17 72.000 16.000 46.000 64.216 47.821 75.543 72.450 72.450 72.450 4,623.56 765.14 3,474.98 5,216.40 1,159.20 3,332.70 592.84 394.06 (142.28) LT LT ST Total 134.000 8,863.68 9,708.30 986.90 (142.28) LT ST 94.00 0.96 Next Dividend Payable 09/2017; Asset Class: Equities ENVISION HEALTHCARE CORP (EVHC) 11/10/15 2/22/16 84.000 11.000 84.892 70.585 62.670 62.670 7,130.95 776.43 5,264.28 689.37 (1,866.67) (87.06) LT LT Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 85 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 95.000 7,907.38 5,953.65 (1,953.73)LT —— Asset Class: Equities ESSENT GROUP LTD COM (ESNT) 11/10/15 2/22/16 4/29/16 232.000 25.000 45.000 24.534 19.405 20.019 37.140 37.140 37.140 5,691.80 485.13 900.87 8,616.48 928.50 1,671.30 2,924.68 443.37 770.43 LT LT LT Total 302.000 7,077.80 11,216.28 4,138.48 LT —— Asset Class: Equities EXTRACTION OIL & GAS LLC (XOG) 1/11/17 81.000 18.990 13.450 1,538.19 1,089.45 (448.74)ST —— Asset Class: Equities FCB FINL HLDGS INC CL A (FCB) 9/23/16 9/26/16 85.000 43.000 39.299 38.331 47.750 47.750 3,340.42 1,648.23 4,058.75 2,053.25 718.33 405.02 ST ST Total 128.000 4,988.65 6,112.00 1,123.35 ST —— Asset Class: Equities FERRO CORP (FOE) 6/17/16 6/7/17 6/8/17 206.000 143.000 33.000 14.505 17.500 17.500 18.290 18.290 18.290 2,987.99 2,502.50 577.50 3,767.74 2,615.47 603.57 779.75 112.97 26.07 LT ST ST Total 382.000 6,067.99 6,986.78 779.75 139.04 LT ST —— Asset Class: Equities FERROGLOBE PLC SHS (GSM) 11/10/15 2/22/16 192.000 5.000 11.070 7.558 11.950 11.950 2,125.44 37.79 2,294.40 59.75 168.96 21.96 LT LT Total 197.000 2,163.23 2,354.15 190.92 LT —— Asset Class: Equities FIDELITY NATIONAL FINANCIAL IN (FNF) 11/10/15 124.000 34.750 44.830 4,309.00 5,558.92 1,249.92 LT 124.00 2.23 Next Dividend Payable 09/2017; Asset Class: Equities FIDELITY NATIONAL FINL INC (FNFV) 11/10/15 2/22/16 95.000 7.000 11.150 9.910 15.800 15.800 1,059.25 69.37 1,501.00 110.60 441.75 41.23 LT LT Total 102.000 1,128.62 1,611.60 482.98 LT —— Asset Class: Equities FINISH LINE INC CL A (FINL) 11/10/15 2/22/16 303.000 37.000 18.426 18.677 14.170 14.170 5,583.11 691.06 4,293.51 524.29 (1,289.60) (166.77) LT LT Total 340.000 6,274.17 4,817.80 (1,456.37)LT 150.00 3.11 Next Dividend Payable 09/2017; Asset Class: Equities FIRST AMERICAN FINL CORP (FAF) 2/22/16 137.000 37.350 44.690 5,116.95 6,122.53 1,005.58 LT 186.00 3.03 Next Dividend Payable 09/2017; Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 86 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % FIRST CITIZ BANCSHARES A (FCNCA) 11/10/15 2/22/16 1/11/17 14.000 2.000 4.000 262.660 239.715 358.000 372.700 372.700 372.700 3,677.24 479.43 1,432.00 5,217.80 745.40 1,490.80 1,540.56 265.97 58.80 LT LT ST Total 20.000 5,588.67 7,454.00 1,806.53 58.80 LT ST 24.00 0.32 Next Dividend Payable 07/05/17; Asset Class: Equities FIRST MIDW BNCP DELA (FMBI) 3/28/17 169.000 23.156 23.310 3,913.43 3,939.39 25.96 ST 68.00 1.72 Next Dividend Payable 07/11/17; Asset Class: Equities FIRST SOLAR, INC. (FSLR) 9/15/16 3/13/17 90.000 14.000 35.184 32.490 39.880 39.880 3,166.52 454.86 3,589.20 558.32 422.68 103.46 ST ST Total 104.000 3,621.38 4,147.52 526.14 ST —— Asset Class: Equities FIRSTCASH INC (FCFS) 11/10/15 2/22/16 3/7/17 138.000 21.000 86.000 39.054 40.991 43.800 58.300 58.300 58.300 5,389.51 860.82 3,766.80 8,045.40 1,224.30 5,013.80 2,655.89 363.48 1,247.00 LT LT ST 3/30/17 35.000 47.874 58.300 1,675.60 2,040.50 364.90 ST Total 280.000 11,692.73 16,324.00 3,019.37 1,611.90 LT ST 213.00 1.30 Next Dividend Payable 08/2017; Asset Class: Equities FLEXTRONICS INTL LTD (FLEX) 11/10/15 2/22/16 1/11/17 673.000 91.000 95.000 11.547 10.700 14.576 16.310 16.310 16.310 7,771.27 973.70 1,384.73 10,976.63 1,484.21 1,549.45 3,205.36 510.51 164.72 LT LT ST Total 859.000 10,129.70 14,010.29 3,715.87 164.72 LT ST —— Asset Class: Equities FOOT LOCKER INC (FL) 6/29/17 84.000 48.572 49.280 4,080.01 4,139.52 59.51 ST 104.00 2.51 Next Dividend Payable 07/2017; Asset Class: Equities FTD COS INC COM (FTD) 11/10/15 2/22/16 171.000 24.000 25.097 24.156 20.000 20.000 4,291.59 579.75 3,420.00 480.00 (871.59) (99.75) LT LT Total 195.000 4,871.34 3,900.00 (971.34)LT —— Asset Class: Equities FTI CONSULTING INC (FCN) 11/10/15 2/22/16 90.000 11.000 36.200 34.572 34.960 34.960 3,258.00 380.29 3,146.40 384.56 (111.60) 4.27 LT LT Total 101.000 3,638.29 3,530.96 (107.33)LT —— Asset Class: Equities GARDNER DENVER HOLDINGS, INC (GDI) 5/23/17 279.000 23.443 21.610 6,540.52 6,029.19 (511.33)ST —— Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 87 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Asset Class: Equities GRANITE CONSTR INC (GVA) 11/10/15 2/22/16 83.000 20.000 38.008 39.125 48.240 48.240 3,154.69 782.49 4,003.92 964.80 849.23 182.31 LT LT Total 103.000 3,937.18 4,968.72 1,031.54 LT 54.00 1.08 Next Dividend Payable 07/14/17; Asset Class: Equities GRAPHIC PACKAGING HOLDING CO (GPK) 11/10/15 2/22/16 517.000 353.000 13.672 11.535 13.780 13.780 7,068.58 4,071.86 7,124.26 4,864.34 55.68 792.48 LT LT Total 870.000 11,140.44 11,988.60 848.16 LT 261.00 2.17 Next Dividend Payable 07/05/17; Asset Class: Equities GROUP I AUTOMOTIVE INC (GPI) 11/10/15 2/22/16 59.000 7.000 85.275 53.011 63.320 63.320 5,031.25 371.08 3,735.88 443.24 (1,295.37) 72.16 LT LT Total 66.000 5,402.33 4,179.12 (1,223.21)LT 63.00 1.50 Next Dividend Payable 09/2017; Asset Class: Equities GULFPORT ENERGY CORP NEW (GPOR) 9/30/16 247.000 27.976 14.750 6,910.00 3,643.25 (3,266.75)ST —— Asset Class: Equities HANMI FINANCIAL CORP NEW (HAFC) 8/29/16 9/21/16 125.000 47.000 26.158 26.286 28.450 28.450 3,269.81 1,235.44 3,556.25 1,337.15 286.44 101.71 ST ST Total 172.000 4,505.25 4,893.40 388.15 ST 131.00 2.67 Next Dividend Payable 08/2017; Asset Class: Equities HANOVER INSURANCE GROUP INC (THG) 11/10/15 2/22/16 3/14/17 30.000 7.000 112.000 85.732 83.996 90.750 88.630 88.630 88.630 2,571.96 587.97 10,163.97 2,658.90 620.41 9,926.56 86.94 32.44 (237.41) LT LT ST Total 149.000 13,323.90 13,205.87 119.38 (237.41) LT ST 298.00 2.25 Next Dividend Payable 09/2017; Asset Class: Equities HEIDRICK & STRUGGLES INTL INC (HSII) 11/10/15 2/22/16 3/13/17 120.000 27.000 22.000 28.869 22.853 24.685 21.750 21.750 21.750 3,464.32 617.04 543.07 2,610.00 587.25 478.50 (854.32) (29.79) (64.57) LT LT ST Total 169.000 4,624.43 3,675.75 (884.11) (64.57) LT ST 88.00 2.39 Next Dividend Payable 08/2017; Asset Class: Equities HILLENBRAND INC (HI) 11/10/15 128.000 30.455 36.100 3,898.19 4,620.80 722.61 LT 105.00 2.27 Next Dividend Payable 09/2017; Asset Class: Equities HUNTINGTON INGALLS INDUSTRIES (HII) 11/10/15 2/22/16 7/21/16 13.000 11.000 8.000 127.644 134.625 168.720 186.160 186.160 186.160 1,659.37 1,480.87 1,349.76 2,420.08 2,047.76 1,489.28 760.71 566.89 139.52 LT LT ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 88 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 32.000 4,490.00 5,957.12 1,327.60 139.52 LT ST 77.00 1.29 Next Dividend Payable 09/2017; Asset Class: Equities IAC INTERACTIVECORP COM (IAC) 11/10/15 2/22/16 34.000 76.000 65.260 45.430 103.240 103.240 2,218.84 3,452.68 3,510.16 7,846.24 1,291.32 4,393.56 LT LT Total 110.000 5,671.52 11,356.40 5,684.88 LT —— Asset Class: Equities ICON PLC (ICLR) 11/10/15 2/22/16 6/24/16 8.000 23.000 110.000 69.835 69.313 67.399 97.790 97.790 97.790 558.68 1,594.21 7,413.84 782.32 2,249.17 10,756.90 223.64 654.96 3,343.06 LT LT LT Total 141.000 9,566.73 13,788.39 4,221.66 LT —— Asset Class: Equities INFINITY PPTY & CASUALTY (IPCC) 11/10/15 2/22/16 32.000 5.000 81.726 80.672 94.000 94.000 2,615.25 403.36 3,008.00 470.00 392.75 66.64 LT LT Total 37.000 3,018.61 3,478.00 459.39 LT 86.00 2.47 Next Dividend Payable 09/2017; Asset Class: Equities INSIGHT ENTERPRISES INC (NSIT) 11/10/15 103.000 26.693 39.990 2,749.39 4,118.97 1,369.58 LT —— Asset Class: Equities INTEGRA LIFESCIENCES CRP NEW (IART) 11/10/15 2/22/16 70.000 32.000 31.902 29.200 54.510 54.510 2,233.13 934.39 3,815.70 1,744.32 1,582.57 809.93 LT LT Total 102.000 3,167.52 5,560.02 2,392.50 LT —— Asset Class: Equities INVESTORS BANCORP INC NEW (ISBC) 11/10/15 2/22/16 384.000 47.000 12.750 11.640 13.360 13.360 4,896.00 547.08 5,130.24 627.92 234.24 80.84 LT LT Total 431.000 5,443.08 5,758.16 315.08 LT 138.00 2.39 Next Dividend Payable 08/2017; Asset Class: Equities JACOBS ENGINEERING GROUP INC (JEC) 5/5/16 82.000 45.879 54.390 3,762.04 4,459.98 697.94 LT 49.00 1.09 Next Dividend Payable 09/2017; Asset Class: Equities JAGGED PEAK ENERGY INC COM (JAG) 1/30/17 627.000 14.441 13.350 9,054.63 8,370.45 (684.18)ST —— Asset Class: Equities JELD WEN HLD INC (JELD) 3/30/17 52.000 32.845 32.460 1,707.93 1,687.92 (20.01)ST —— Asset Class: Equities JONES LANG LASALLE INC (JLL) 10/28/16 11/28/16 31.000 33.000 97.778 100.016 125.000 125.000 3,031.13 3,300.52 3,875.00 4,125.00 843.87 824.48 ST ST Total 64.000 6,331.65 8,000.00 1,668.35 ST 45.00 0.56 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 89 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Next Dividend Payable 12/2017; Asset Class: Equities KAR AUCTION SVCS INC (KAR) 10/19/15 11/5/15 11/5/15 1.000 34.000 41.000 37.613 37.415 37.934 41.970 41.970 41.970 37.61 1,272.10 1,555.30 41.97 1,426.98 1,720.77 4.36 154.88 165.47 LT LT LT 11/5/15 73.000 37.757 41.970 2,756.29 3,063.81 307.52 LT 11/6/15 79.000 37.690 41.970 2,977.54 3,315.63 338.09 LT 2/22/16 29.000 34.827 41.970 1,009.99 1,217.13 207.14 LT Total 257.000 9,608.83 10,786.29 1,177.46 LT 329.00 3.05 Next Dividend Payable 07/06/17; Asset Class: Equities KOSMOS ENERGY LTD (KOS) 1/27/17 947.000 6.360 6.410 6,022.92 6,070.27 47.35 ST —— Asset Class: Equities LA Z BOY INCORPORATED (LZB) 5/17/17 255.000 27.082 32.500 6,905.79 8,287.50 1,381.71 ST 112.00 1.35 Next Dividend Payable 09/2017; Asset Class: Equities LCI INDS (LCII) 11/10/15 2/22/16 7/21/16 172.000 31.000 17.000 58.887 60.481 89.891 102.400 102.400 102.400 10,128.48 1,874.90 1,528.14 17,612.80 3,174.40 1,740.80 7,484.32 1,299.50 212.66 LT LT ST Total 220.000 13,531.52 22,528.00 8,783.82 212.66 LT ST 440.00 1.95 Next Dividend Payable 09/2017; Asset Class: Equities LEUCADIA NAT CP (LUK) 12/15/15 12/18/15 2/22/16 119.000 275.000 53.000 16.888 16.476 15.047 26.160 26.160 26.160 2,009.66 4,530.90 797.50 3,113.04 7,194.00 1,386.48 1,103.38 2,663.10 588.98 LT LT LT 1/11/17 59.000 23.660 26.160 1,395.94 1,543.44 147.50 ST Total 506.000 8,734.00 13,236.96 4,355.46 147.50 LT ST 127.00 0.95 Next Dividend Payable 09/2017; Asset Class: Equities LIFEPOINT HEALTH INC (LPNT) 11/10/15 2/22/16 78.000 6.000 71.569 64.258 67.150 67.150 5,582.35 385.55 5,237.70 402.90 (344.65) 17.35 LT LT Total 84.000 5,967.90 5,640.60 (327.30)LT —— Asset Class: Equities LIONS GATE ENTMNT CORP CL B (LGF'B) 12/12/16 146.000 26.100 26.280 3,810.60 3,836.88 26.28 ST —— Asset Class: Equities LITHIA MOTORS INC A (LAD) 9/2/16 9/15/16 96.000 30.000 84.514 91.404 94.230 94.230 8,113.32 2,742.12 9,046.08 2,826.90 932.76 84.78 ST ST Total 126.000 10,855.44 11,872.98 1,017.54 ST 136.00 1.14 Next Dividend Payable 08/2017; Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 90 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % LIVE NATION ENTERTAINMENT INC (LYV) 11/10/15 2/22/16 103.000 25.000 26.585 20.585 34.850 34.850 2,738.20 514.63 3,589.55 871.25 851.35 356.62 LT LT Total 128.000 3,252.83 4,460.80 1,207.97 LT —— Asset Class: Equities MAIDEN HOLDINGS LTD SHS (MHLD) 11/10/15 2/22/16 1/11/17 971.000 128.000 63.000 15.200 13.629 17.975 11.100 11.100 11.100 14,758.91 1,744.46 1,132.43 10,778.10 1,420.80 699.30 (3,980.81) (323.66) (433.13) LT LT ST 3/14/17 200.000 14.860 11.100 2,971.98 2,220.00 (751.98)ST Total 1,362.000 20,607.78 15,118.20 (4,304.47) (1,185.11) LT ST 817.00 5.40 Next Dividend Payable 07/17/17; Asset Class: Equities MANPOWERGROUP INC COM (MAN) 11/10/15 2/22/16 39.000 9.000 91.140 78.036 111.650 111.650 3,554.46 702.32 4,354.35 1,004.85 799.89 302.53 LT LT Total 48.000 4,256.78 5,359.20 1,102.42 LT 89.00 1.66 Next Dividend Payable 12/2017; Asset Class: Equities MARVELL TECH GROUP LTD (MRVL) 4/5/17 619.000 15.129 16.520 9,364.86 10,225.88 861.02 ST 149.00 1.45 Next Dividend Payable 07/21/17; Asset Class: Equities MAXIMUS INC (MMS) 11/10/15 2/22/16 56.000 12.000 69.103 47.970 62.630 62.630 3,869.77 575.64 3,507.28 751.56 (362.49) 175.92 LT LT Total 68.000 4,445.41 4,258.84 (186.57)LT 12.00 0.28 Next Dividend Payable 08/2017; Asset Class: Equities MFA FINANCIAL INC (MFA) 11/10/15 2/22/16 1,160.000 168.000 6.827 6.690 8.390 8.390 7,919.67 1,123.92 9,732.40 1,409.52 1,812.73 285.60 LT LT Total 1,328.000 9,043.59 11,141.92 2,098.33 LT 1,062.00 9.53 Next Dividend Payable 07/28/17; Asset Class: Alt MINERALS TECHNOLOGY INC (MTX) 11/10/15 2/22/16 85.000 87.000 60.920 49.749 73.200 73.200 5,178.23 4,328.12 6,222.00 6,368.40 1,043.77 2,040.28 LT LT Total 172.000 9,506.35 12,590.40 3,084.05 LT 34.00 0.27 Next Dividend Payable 09/2017; Asset Class: Equities MTGE INVT CORP (MTGE) 11/10/15 2/22/16 166.000 23.000 14.885 13.437 18.800 18.800 2,470.99 309.06 3,120.80 432.40 649.81 123.34 LT LT Total 189.000 2,780.05 3,553.20 773.15 LT 340.00 9.56 Next Dividend Payable 07/27/17; Asset Class: Alt NATIONAL GEN HLDGS CORP (NGHC) 3/17/17 286.000 23.494 21.100 6,719.15 6,034.60 (684.55)ST 46.00 0.76 Next Dividend Payable 07/17/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 91 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % NAVIENT CORP COM (NAVI) 11/10/15 12/2/15 2/22/16 229.000 220.000 550.000 12.687 11.920 10.349 16.650 16.650 16.650 2,905.28 2,622.44 5,691.79 3,812.85 3,663.00 9,157.50 907.57 1,040.56 3,465.71 LT LT LT 4/6/17 189.000 14.580 16.650 2,755.58 3,146.85 391.27 ST Total 1,188.000 13,975.09 19,780.20 5,413.84 391.27 LT ST 760.00 3.84 Next Dividend Payable 09/2017; Asset Class: Equities NAVIGANT CONSULTING INC (NCI) 11/10/15 2/22/16 269.000 65.000 17.378 14.864 19.760 19.760 4,674.76 966.19 5,315.44 1,284.40 640.68 318.21 LT LT Total 334.000 5,640.95 6,599.84 958.89 LT —— Asset Class: Equities NELNET INC CL A (NNI) 6/24/16 163.000 32.477 47.010 5,293.72 7,662.63 2,368.91 LT 91.00 1.18 Next Dividend Payable 09/2017; Asset Class: Equities NU SKIN ENTERPRISE INC A (NUS) 11/10/15 2/22/16 7/21/16 26.000 20.000 25.000 36.000 28.557 51.140 62.840 62.840 62.840 936.00 571.14 1,278.50 1,633.84 1,256.80 1,571.00 697.84 685.66 292.50 LT LT ST Total 71.000 2,785.64 4,461.64 1,383.50 292.50 LT ST 102.00 2.28 Next Dividend Payable 09/2017; Asset Class: Equities OFFICE DEPOT (ODP) 5/11/16 900.000 3.708 5.640 3,337.56 5,076.00 1,738.44 LT 90.00 1.77 Next Dividend Payable 09/2017; Asset Class: Equities OLIN CORPORATION (OLN) 1/8/16 2/22/16 183.000 22.000 17.008 15.450 30.280 30.280 3,112.48 339.90 5,541.24 666.16 2,428.76 326.26 LT LT Total 205.000 3,452.38 6,207.40 2,755.02 LT 164.00 2.64 Next Dividend Payable 09/2017; Asset Class: Equities ON ASSIGNMENT INC (ASGN) 11/2/16 5/26/17 88.000 91.000 34.531 52.475 54.150 54.150 3,038.73 4,775.23 4,765.20 4,927.65 1,726.47 152.42 ST ST Total 179.000 7,813.96 9,692.85 1,878.89 ST —— Asset Class: Equities ON SEMICONDUCTOR CORP (ON) 11/10/15 2/22/16 6/24/16 824.000 79.000 439.000 11.259 7.960 9.016 14.040 14.040 14.040 9,277.66 628.84 3,957.85 11,568.96 1,109.16 6,163.56 2,291.30 480.32 2,205.71 LT LT LT 1/11/17 99.000 13.475 14.040 1,334.03 1,389.96 55.93 ST Total 1,441.000 15,198.38 20,231.64 4,977.33 55.93 LT ST —— Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 4 9 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 92 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % OWENS & MINOR INC NEW (OMI) 11/10/15 2/22/16 4/29/16 79.000 10.000 12.000 36.650 39.534 36.365 32.190 32.190 32.190 2,895.35 395.34 436.38 2,543.01 321.90 386.28 (352.34) (73.44) (50.10) LT LT LT Total 101.000 3,727.07 3,251.19 (475.88)LT 104.00 3.19 Next Dividend Payable 09/2017; Asset Class: Equities PAREXEL INTL CORP (PRXL) 2/22/16 4/1/16 7.000 149.000 58.290 63.999 86.910 86.910 408.03 9,535.88 608.37 12,949.59 200.34 3,413.71 LT LT Total 156.000 9,943.91 13,557.96 3,614.05 LT —— Asset Class: Equities PARSLEY ENERGY INC CL A (PE) 11/10/15 12/2/15 2/22/16 344.000 210.000 86.000 18.615 18.978 17.020 27.750 27.750 27.750 6,403.56 3,985.38 1,463.72 9,546.00 5,827.50 2,386.50 3,142.44 1,842.12 922.78 LT LT LT 7/21/16 45.000 28.034 27.750 1,261.53 1,248.75 (12.78)ST Total 685.000 13,114.19 19,008.75 5,907.34 (12.78) LT ST —— Asset Class: Equities PHARMERICA CORP COM (PMC) 8/22/16 5/17/17 155.000 115.000 22.371 25.313 26.250 26.250 3,467.53 2,911.02 4,068.75 3,018.75 601.22 107.73 ST ST Total 270.000 6,378.55 7,087.50 708.95 ST —— Asset Class: Equities POLYONE CORP (POL) 3/7/17 121.000 32.840 38.740 3,973.59 4,687.54 713.95 ST 65.00 1.38 Next Dividend Payable 07/07/17; Asset Class: Equities PORTLAND GENERAL ELEC CO (POR) 3/15/17 105.000 44.611 45.690 4,684.12 4,797.45 113.33 ST 143.00 2.98 Next Dividend Payable 07/17/17; Asset Class: Equities PRA GROUP INC (PRAA) 5/10/16 128.000 24.958 37.900 3,194.59 4,851.20 1,656.61 LT —— Asset Class: Equities PULTE GROUP INC (PHM) 2/22/16 203.000 17.160 24.530 3,483.48 4,979.59 1,496.11 LT 73.00 1.46 Next Dividend Payable 07/05/17; Asset Class: Equities QEP RESOURCES INC (QEP) 11/10/15 2/22/16 9/21/16 127.000 17.000 432.000 15.870 11.207 17.569 10.100 10.100 10.100 2,015.49 190.52 7,589.81 1,282.70 171.70 4,363.20 (732.79) (18.82) (3,226.61) LT LT ST Total 576.000 9,795.82 5,817.60 (751.61) (3,226.61) LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 93 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % RADIAN GROUP INC (RDN) 11/10/15 2/22/16 556.000 69.000 14.417 10.987 16.350 16.350 8,016.07 758.09 9,090.60 1,128.15 1,074.53 370.06 LT LT Total 625.000 8,774.16 10,218.75 1,444.59 LT 6.00 0.05 Next Dividend Payable 09/2017; Asset Class: Equities RAYMOND JAMES FINCL INC (RJF) 5/18/15 5/18/15 2/22/16 25.000 13.000 18.000 57.963 58.692 44.145 80.220 80.220 80.220 1,449.08 762.99 794.61 2,005.50 1,042.86 1,443.96 556.42 279.87 649.35 LT LT LT Total 56.000 3,006.68 4,492.32 1,485.64 LT 49.00 1.09 Next Dividend Payable 07/17/17; Asset Class: Equities REALOGY HOLDINGS CORP (RLGY) 11/10/15 108.000 42.320 32.450 4,570.56 3,504.60 (1,065.96)LT 39.00 1.11 Next Dividend Payable 08/2017; Asset Class: Equities REINSURANCE GROUP OF AMERICA (RGA) 11/10/15 2/22/16 85.000 13.000 91.490 90.646 128.390 128.390 7,776.65 1,178.40 10,913.15 1,669.07 3,136.50 490.67 LT LT Total 98.000 8,955.05 12,582.22 3,627.17 LT 161.00 1.27 Next Dividend Payable 08/2017; Asset Class: Equities RICE ENERGY INC (RICE) 11/10/15 2/22/16 8/9/16 223.000 5.000 255.000 15.930 9.168 24.681 26.630 26.630 26.630 3,552.39 45.84 6,293.55 5,938.49 133.15 6,790.65 2,386.10 87.31 497.10 LT LT ST Total 483.000 9,891.78 12,862.29 2,473.41 497.10 LT ST —— Asset Class: Equities RPX CORPORATION COM (RPXC) 11/10/15 2/22/16 483.000 67.000 14.051 9.797 13.950 13.950 6,786.44 656.41 6,737.85 934.65 (48.59) 278.24 LT LT Total 550.000 7,442.85 7,672.50 229.65 LT —— Asset Class: Equities RSP PERMIAN INC (RSPP) 11/10/15 2/22/16 5/17/17 116.000 11.000 105.000 28.170 21.260 40.880 32.270 32.270 32.270 3,267.72 233.86 4,292.38 3,743.32 354.97 3,388.35 475.60 121.11 (904.03) LT LT ST Total 232.000 7,793.96 7,486.64 596.71 (904.03) LT ST —— Asset Class: Equities SCHOLASTIC CP (SCHL) 5/20/16 100.000 37.305 43.590 3,730.48 4,359.00 628.52 LT 60.00 1.37 Next Dividend Payable 09/2017; Asset Class: Equities SCHWEITZER MAUDUIT INT INC (SWM) 11/10/15 12/14/15 2/22/16 96.000 58.000 76.000 39.744 40.264 33.260 37.230 37.230 37.230 3,815.47 2,335.30 2,527.76 3,574.08 2,159.34 2,829.48 (241.39) (175.96) 301.72 LT LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 0 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 94 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 230.000 8,678.53 8,562.90 (115.63)LT 386.00 4.50 Next Dividend Payable 09/2017; Asset Class: Equities SCRIPPS NETWORKS INTERAC CL A (SNI) 6/24/16 92.000 60.301 68.310 5,547.69 6,284.52 736.83 LT 110.00 1.75 Next Dividend Payable 09/2017; Asset Class: Equities SELECT MEDICAL HLDGS CP (SEM) 11/10/15 2/22/16 299.000 30.000 12.154 8.575 15.350 15.350 3,633.93 257.25 4,589.65 460.50 955.72 203.25 LT LT Total 329.000 3,891.18 5,050.15 1,158.97 LT —— Asset Class: Equities SERVICE CORP INTL (SCI) 11/10/15 2/22/16 3/13/17 106.000 17.000 24.000 26.470 23.507 30.800 33.450 33.450 33.450 2,805.86 399.62 739.20 3,545.70 568.65 802.80 739.84 169.03 63.60 LT LT ST Total 147.000 3,944.68 4,917.15 908.87 63.60 LT ST 88.00 1.78 Next Dividend Payable 09/2017; Asset Class: Equities SKECHERS U S A INC CL A (SKX) 10/21/16 6/5/17 219.000 272.000 19.100 27.308 29.500 29.500 4,182.79 7,427.80 6,460.50 8,024.00 2,277.71 596.20 ST ST Total 491.000 11,610.59 14,484.50 2,873.91 ST —— Asset Class: Equities SLM CORPORATION (SLM) 11/10/15 2/22/16 3/13/17 454.000 55.000 131.000 6.880 6.030 11.895 11.500 11.500 11.500 3,123.52 331.64 1,558.25 5,221.00 632.50 1,506.50 2,097.48 300.86 (51.75) LT LT ST Total 640.000 5,013.41 7,360.00 2,398.34 (51.75) LT ST —— Asset Class: Equities STARWOOD PROPERTY TRUST INC (STWD) 5/13/16 12/6/16 239.000 227.000 20.352 22.140 22.390 22.390 4,864.23 5,025.78 5,351.21 5,082.53 486.98 56.75 LT ST Total 466.000 9,890.01 10,433.74 486.98 56.75 LT ST 895.00 8.57 Next Dividend Payable 07/14/17; Asset Class: Alt STEEL DYNAMICS INC (STLD) 12/4/15 2/22/16 7/21/16 92.000 303.000 57.000 17.152 18.343 25.931 35.810 35.810 35.810 1,577.99 5,557.81 1,478.08 3,294.52 10,850.43 2,041.17 1,716.53 5,292.62 563.09 LT LT ST Total 452.000 8,613.88 16,186.12 7,009.15 563.09 LT ST 280.00 1.72 Next Dividend Payable 07/07/17; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 95 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STEVEN MADDEN LTD (SHOO) 11/10/15 12/1/15 2/22/16 125.000 79.000 33.000 33.730 31.893 34.675 39.950 39.950 39.950 4,216.25 2,519.55 1,144.26 4,993.75 3,156.05 1,318.35 777.50 636.50 174.09 LT LT LT 6/5/17 110.000 39.237 39.950 4,316.09 4,394.50 78.41 ST Total 347.000 12,196.15 13,862.65 1,588.09 78.41 LT ST —— Asset Class: Equities STIFEL FINANCIAL CORPORATION (SF) 5/10/16 7/21/16 9/21/16 207.000 39.000 48.000 34.359 33.566 38.865 45.980 45.980 45.980 7,112.31 1,309.07 1,865.53 9,517.86 1,793.22 2,207.04 2,405.55 484.15 341.51 LT ST ST Total 294.000 10,286.91 13,518.12 2,405.55 825.66 LT ST —— Asset Class: Equities SUNCOKE ENERGY INC COM (SXC) 3/23/17 5/17/17 400.000 419.000 9.018 8.276 10.900 10.900 3,607.04 3,467.64 4,360.00 4,567.10 752.96 1,099.46 ST ST Total 819.000 7,074.68 8,927.10 1,852.42 ST —— Asset Class: Equities SVB FNCL GRP (SIVB) 2/22/16 9/21/16 42.000 35.000 87.486 107.563 175.790 175.790 3,674.42 3,764.72 7,383.18 6,152.65 3,708.76 2,387.93 LT ST Total 77.000 7,439.14 13,535.83 3,708.76 2,387.93 LT ST —— Asset Class: Equities SYKES ENTERPRISES INC (SYKE) 11/10/15 2/22/16 140.000 22.000 31.328 29.862 33.530 33.530 4,385.98 656.96 4,694.20 737.66 308.22 80.70 LT LT Total 162.000 5,042.94 5,431.86 388.92 LT —— Asset Class: Equities SYNNEX CORP (SNX) 11/10/15 2/22/16 75.000 14.000 94.740 93.850 119.960 119.960 7,105.50 1,313.90 8,997.00 1,679.44 1,891.50 365.54 LT LT Total 89.000 8,419.40 10,676.44 2,257.04 LT 89.00 0.83 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 11.160 11.160 11.160 689.73 1,963.60 1,927.83 133.92 379.44 368.28 (555.81) (1,584.16) (1,559.55) LT LT LT 5/8/15 26.000 58.570 11.160 1,522.82 290.16 (1,232.66)LT 5/8/15 37.000 58.472 11.160 2,163.45 412.92 (1,750.53)LT 5/15/15 25.000 57.665 11.160 1,441.62 279.00 (1,162.62)LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 1 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 96 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 6/25/15 72.000 65.516 11.160 4,717.17 803.52 (3,913.65)LT 8/19/15 15.000 57.403 11.160 861.05 167.40 (693.65)LT 8/20/15 16.000 57.071 11.160 913.14 178.56 (734.58)LT 11/10/15 351.000 21.802 11.160 7,652.64 3,917.16 (3,735.48)LT 2/22/16 54.000 14.390 11.160 777.05 602.64 (174.41)LT 4/29/16 48.000 17.427 11.160 836.49 535.68 (300.81)LT Total 723.000 25,466.59 8,068.68 (17,397.91)LT 521.00 6.45 Next Dividend Payable 09/2017; Asset Class: Equities TEGNA INC COM (TGNA) 11/10/15 2/22/16 196.000 20.000 17.560 15.804 14.410 14.410 3,441.73 316.08 2,824.36 288.20 (617.37) (27.88) LT LT Total 216.000 3,757.81 3,112.56 (645.25)LT 60.00 1.92 Next Dividend Payable 07/03/17; Asset Class: Equities TELETECH HOLDINGS INC (TTEC) 11/10/15 2/22/16 369.000 32.000 28.833 27.209 40.800 40.800 10,639.53 870.68 15,055.20 1,305.60 4,415.67 434.92 LT LT Total 401.000 11,510.21 16,360.80 4,850.59 LT 168.00 1.02 Next Dividend Payable 10/2017; Asset Class: Equities TEMPUR-PEDIC INT'L INC (TPX) 10/17/16 79.000 51.869 53.390 4,097.68 4,217.81 120.13 ST —— Asset Class: Equities TERADYNE INC (TER) 11/10/15 2/22/16 1/11/17 266.000 40.000 50.000 20.100 18.840 26.100 30.030 30.030 30.030 5,346.60 753.60 1,305.00 7,987.98 1,201.20 1,501.50 2,641.38 447.60 196.50 LT LT ST Total 356.000 7,405.20 10,690.68 3,088.98 196.50 LT ST 100.00 0.93 Next Dividend Payable 09/2017; Asset Class: Equities TESORO PETROLEUM CP (TSO) 2/22/16 3/13/17 3/15/17 0.367 18.633 92.000 62.138 82.264 84.498 93.600 93.600 93.600 22.80 1,532.82 7,773.84 34.35 1,744.05 8,611.20 11.55 211.23 837.36 LT ST ST 5/17/17 38.000 81.308 93.600 3,089.72 3,556.80 467.08 ST Total 149.000 12,419.18 13,946.40 11.55 1,515.67 LT ST 328.00 2.35 Next Dividend Payable 09/2017; Asset Class: Equities TETRA TECH INC (TTEK) 11/10/15 2/22/16 196.000 19.000 26.620 27.523 45.750 45.750 5,217.52 522.94 8,967.00 869.25 3,749.48 346.31 LT LT Total 215.000 5,740.46 9,836.25 4,095.79 LT 86.00 0.87 Next Dividend Payable 09/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 97 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % TORCHMARK CORP (TMK) 11/10/15 2/22/16 36.000 14.000 59.604 52.397 76.500 76.500 2,145.73 733.56 2,754.00 1,071.00 608.27 337.44 LT LT Total 50.000 2,879.29 3,825.00 945.71 LT 30.00 0.78 Next Dividend Payable 08/01/17; Asset Class: Equities TUTOR PERINI CORP COM (TPC) 11/10/15 2/22/16 115.000 5.000 15.976 13.078 28.750 28.750 1,837.27 65.39 3,306.25 143.75 1,468.98 78.36 LT LT Total 120.000 1,902.66 3,450.00 1,547.34 LT —— Asset Class: Equities TWO HARBORS INVT CORP COM (TWO) 11/10/15 2/22/16 1/31/17 1,020.000 168.000 665.000 8.350 7.625 8.600 9.910 9.910 9.910 8,517.00 1,281.00 5,719.00 10,108.20 1,664.88 6,590.15 1,591.20 383.88 871.15 LT LT ST Total 1,853.000 15,517.00 18,363.23 1,975.08 871.15 LT ST 1,927.00 10.49 Next Dividend Payable 07/27/17; Asset Class: Alt UNIVERSAL CP VA (UVV) 11/10/15 2/22/16 6/24/16 31.000 15.000 99.000 55.266 55.003 55.052 64.700 64.700 64.700 1,713.24 825.05 5,450.13 2,005.70 970.50 6,405.30 292.46 145.45 955.17 LT LT LT Total 145.000 7,988.42 9,381.50 1,393.08 LT 313.00 3.33 Next Dividend Payable 08/2017; Asset Class: Equities VALIDUS HOLDINGS LTD COM (VR) 11/10/15 2/22/16 7/21/16 60.000 46.000 20.000 45.200 45.134 48.890 51.970 51.970 51.970 2,712.00 2,076.18 977.80 3,118.20 2,390.62 1,039.40 406.20 314.44 61.60 LT LT ST Total 126.000 5,765.98 6,548.22 720.64 61.60 LT ST 192.00 2.93 Next Dividend Payable 09/2017; Asset Class: Equities VALVOLINE INC COM (VVV) 1/5/17 5/17/17 382.000 56.000 21.419 23.059 23.720 23.720 8,182.06 1,291.30 9,061.04 1,328.32 878.98 37.02 ST ST Total 438.000 9,473.36 10,389.36 916.00 ST 86.00 0.82 Next Dividend Payable 09/2017; Asset Class: Equities WALKER & DUNLOP INC (WD) 11/10/15 2/22/16 4/29/16 291.000 41.000 89.000 28.519 22.994 21.869 48.830 48.830 48.830 8,299.00 942.77 1,946.34 14,209.53 2,002.03 4,345.87 5,910.53 1,059.26 2,399.53 LT LT LT Total 421.000 11,188.11 20,557.43 9,369.32 LT —— Asset Class: Equities WESCO INTL INC (WCC) 12/4/15 2/22/16 62.000 161.000 47.886 43.870 57.300 57.300 2,968.92 7,063.07 3,552.60 9,225.30 583.68 2,162.23 LT LT 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 2 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 98 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 223.000 10,031.99 12,777.90 2,745.91 LT —— Asset Class: Equities WILDHORSE RESOURCE DEV CORP (WRD) 12/15/16 472.000 14.809 12.370 6,989.71 5,838.64 (1,151.07)ST —— Asset Class: Equities WORLD FUEL SERVICES CORP (INT) 11/10/15 11/10/15 2/22/16 240.000 116.000 39.000 45.402 44.957 46.089 38.450 38.450 38.450 10,896.55 5,215.03 1,797.48 9,228.00 4,460.20 1,499.55 (1,668.55) (754.83) (297.93) LT LT LT H 3/13/17 112.000 36.645 38.450 4,104.24 4,306.40 202.16 ST 3/14/17 209.000 36.766 38.450 7,684.05 8,036.05 352.00 ST 5/26/17 23.000 36.054 38.450 829.25 884.35 55.10 ST Total 739.000 30,526.60 28,414.55 (2,721.31) 609.26 LT ST 177.00 0.62 Next Dividend Payable 07/07/17; Basis Adjustment Due to Wash Sale: $1,032.72; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 98.31%$1,147,005.73 $1,344,250.62 $177,714.24 $19,530.65 LT ST $21,606.00 1.61% 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 9/21/16 158.000 27.000 268.000 $15.610 12.807 15.677 $16.380 16.380 16.380 $2,466.41 345.79 4,201.36 $2,588.04 442.26 4,389.84 $121.63 96.47 188.48 LT LT ST Total 453.000 7,013.56 7,420.14 218.10 188.48 LT ST 689.00 9.28 Next Dividend Payable 09/2017; Asset Class: FI & Pref Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EXCHANGE-TRADED & CLOSED-END FUNDS 0.54%$7,013.56 $7,420.14 $218.10 188.48 LT ST $689.00 9.29% Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 99 of 144 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,154,019.29 $1,367,398.64 $177,932.34 $19,719.13 LT ST $22,315.00 $0.00 1.63% TOTAL VALUE (includes accrued interest)100.00%$1,367,398.64 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 $15,727.88 —————— Stocks —$1,253,953.41 —$90,297.21 ——— ETFs & CEFs ——$7,420.14 ———— TOTAL ALLOCATION OF ASSETS $15,727.88 $1,253,953.41 $7,420.14 $90,297.21 ——— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/5 6/8 Bought SKECHERS U S A INC CL A ACTED AS AGENT 272.000 $27.3081 $(7,427.80) 6/5 6/8 Bought STEVEN MADDEN LTD ACTED AS AGENT 110.000 39.2372 (4,316.09) 6/7 6/7 Redemption WEST BAF32 CASH TENDER PAYMENT PRORATED 19.55% CUSIP: 959CSH909 65.000 37.3000 2,424.50 6/7 6/12 Sold BERRY GLOBAL GROUP INC ACTED AS AGENT 83.000 58.2502 4,834.66 6/7 6/12 Sold PACKAGING CORP AMER ACTED AS AGENT 43.000 104.0966 4,476.05 6/7 6/12 Sold IAC INTERACTIVECORP COM ACTED AS AGENT 36.000 105.2794 3,789.97 6/7 6/12 Sold CHEMED CORPORATION ACTED AS AGENT 10.000 207.5274 2,075.22 6/7 6/12 Bought CARS COM INC ACTED AS AGENT 89.000 28.7407 (2,557.92) 6/7 6/12 Bought FERRO CORP ACTED AS AGENT 143.000 17.5000 (2,502.50) 6/7 6/12 Bought BRISTOW GROUP INC ACTED AS AGENT 346.000 6.8803 (2,380.58) 6/8 6/13 Bought FERRO CORP ACTED AS AGENT 33.000 17.5000 (577.50) 6/12 6/15 Sold WORLD FUEL SERVICES CORP ACTED AS AGENT 116.000 36.5004 4,233.95 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 100 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/12 6/15 Sold TESORO PETROLEUM CP ACTED AS AGENT 41.000 91.2601 3,741.57 6/12 6/15 Sold ON SEMICONDUCTOR CORP ACTED AS AGENT 232.000 15.5901 3,616.82 6/12 6/15 Sold ARROW ELECTRONICS ACTED AS AGENT 47.000 76.4700 3,594.01 6/12 6/15 Sold NAVIENT CORP COM ACTED AS AGENT 230.000 15.5415 3,574.47 6/12 6/15 Sold COHERENT INC ACTED AS AGENT 14.000 245.4010 3,435.53 6/12 6/15 Sold WALKER & DUNLOP INC ACTED AS AGENT 69.000 48.7138 3,361.17 6/12 6/15 Sold AIR LEASE CORP CL A ACTED AS AGENT 87.000 38.2090 3,324.10 6/12 6/15 Sold PARSLEY ENERGY INC CL A ACTED AS AGENT 111.000 28.0250 3,110.71 6/12 6/15 Sold LCI INDS ACTED AS AGENT 31.000 96.9750 3,006.16 6/12 6/15 Sold TWO HARBORS INVT CORP COM ACTED AS AGENT 275.000 10.1331 2,786.53 6/12 6/15 Sold EAST WEST BANCORP ACTED AS AGENT 47.000 58.4890 2,748.92 6/12 6/15 Sold CHEMED CORPORATION ACTED AS AGENT 13.000 207.9510 2,703.30 6/12 6/15 Sold WESCO INTL INC ACTED AS AGENT 45.000 60.0250 2,701.07 6/12 6/15 Sold TELETECH HOLDINGS INC ACTED AS AGENT 65.000 40.7750 2,650.32 6/12 6/15 Sold STEEL DYNAMICS INC ACTED AS AGENT 73.000 35.9200 2,622.10 6/12 6/15 Sold CDW CORPORATION ACTED AS AGENT 42.000 60.8000 2,553.54 6/12 6/15 Sold SVB FNCL GRP ACTED AS AGENT 14.000 181.0250 2,534.29 6/12 6/15 Sold FIRSTCASH INC ACTED AS AGENT 43.000 56.1000 2,412.24 6/12 6/15 Sold SLM CORPORATION ACTED AS AGENT 225.000 10.6350 2,392.82 6/12 6/15 Sold STIFEL FINANCIAL CORPORATION ACTED AS AGENT 52.000 45.7680 2,379.88 6/12 6/15 Sold DIAMONDBACK ENERGY INC ACTED AS AGENT 26.000 90.2820 2,347.27 6/12 6/15 Sold MAIDEN HOLDINGS LTD SHS ACTED AS AGENT 201.000 11.6162 2,334.80 6/12 6/15 Sold FLEXTRONICS INTL LTD ACTED AS AGENT 134.000 16.6033 2,224.79 6/12 6/15 Sold SKECHERS U S A INC CL A ACTED AS AGENT 79.000 27.2930 2,156.10 6/12 6/15 Sold GRAPHIC PACKAGING HOLDING CO ACTED AS AGENT 160.000 13.0833 2,093.28 6/12 6/15 Sold LITHIA MOTORS INC A ACTED AS AGENT 21.000 97.1480 2,040.06 6/12 6/15 Sold REINSURANCE GROUP OF AMERICA ACTED AS AGENT 16.000 127.2600 2,036.11 6/12 6/15 Sold MINERALS TECHNOLOGY INC ACTED AS AGENT 27.000 75.1000 2,027.65 6/12 6/15 Sold STEVEN MADDEN LTD ACTED AS AGENT 50.000 40.3250 2,016.20 6/12 6/15 Sold BERRY GLOBAL GROUP INC ACTED AS AGENT 34.000 57.4471 1,953.15 6/12 6/15 Sold AVNET INC ACTED AS AGENT 51.000 37.7201 1,923.68 6/12 6/15 Sold VALVOLINE INC COM ACTED AS AGENT 81.000 23.6850 1,918.44 6/12 6/15 Sold ICON PLC ACTED AS AGENT 20.000 95.7000 1,913.95 6/12 6/15 Sold CYS INVESTMENTS INC ACTED AS AGENT 221.000 8.6515 1,911.93 6/12 6/15 Sold PAREXEL INTL CORP ACTED AS AGENT 23.000 82.4324 1,895.90 6/12 6/15 Sold ASSURED GUARANTY LTD ACTED AS AGENT 46.000 41.1630 1,893.45 6/12 6/15 Sold LEUCADIA NAT CP ACTED AS AGENT 74.000 25.3900 1,878.81 6/12 6/15 Sold E*TRADE FINANCIAL CORP NEW COM ACTED AS AGENT 51.000 36.8100 1,877.26 6/12 6/15 Sold ESSENT GROUP LTD COM ACTED AS AGENT 51.000 36.4900 1,860.94 6/12 6/15 Sold CLUBCORP HLDGS INC ACTED AS AGENT 135.000 13.7163 1,851.65 6/12 6/15 Sold HANOVER INSURANCE GROUP INC ACTED AS AGENT 21.000 87.5420 1,838.33 6/12 6/15 Sold JAGGED PEAK ENERGY INC COM ACTED AS AGENT 134.000 13.0750 1,752.01 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 101 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/12 6/15 Sold SYNNEX CORP ACTED AS AGENT 15.000 116.0577 1,740.83 6/12 6/15 Sold RADIAN GROUP INC ACTED AS AGENT 101.000 17.0131 1,718.28 6/12 6/15 Sold KAR AUCTION SVCS INC ACTED AS AGENT 38.000 44.1260 1,676.75 6/12 6/15 Sold AMDOCS LIMITED ORD ACTED AS AGENT 26.000 64.4343 1,675.25 6/12 6/15 Sold MARVELL TECH GROUP LTD ACTED AS AGENT 96.000 17.3050 1,661.24 6/12 6/15 Sold MFA FINANCIAL INC ACTED AS AGENT 192.000 8.4350 1,619.48 6/12 6/15 Sold SERVICE CORP INTL ACTED AS AGENT 49.000 31.7514 1,555.78 6/12 6/15 Sold COMMSCOPE HOLDING COMPANY INC ACTED AS AGENT 42.000 36.9250 1,550.81 6/12 6/15 Sold AGNC INVT CORP COM ACTED AS AGENT 72.000 21.3831 1,539.54 6/12 6/15 Sold BANKUNITED INC ACTED AS AGENT 44.000 34.9790 1,539.04 6/12 6/15 Sold STARWOOD PROPERTY TRUST INC ACTED AS AGENT 68.000 22.1009 1,502.82 6/12 6/15 Sold IAC INTERACTIVECORP COM ACTED AS AGENT 15.000 100.1513 1,502.23 6/12 6/15 Sold TERADYNE INC ACTED AS AGENT 45.000 33.2750 1,497.34 6/12 6/15 Sold ENERSYS ACTED AS AGENT 19.000 77.2301 1,467.33 6/12 6/15 Sold NELNET INC CL A ACTED AS AGENT 33.000 44.3940 1,464.96 6/12 6/15 Sold COLONY NORTHSTAR INC ACTED AS AGENT 103.000 14.1932 1,461.86 6/12 6/15 Sold UNIVERSAL CP VA ACTED AS AGENT 22.000 66.3545 1,459.76 6/12 6/15 Sold ON ASSIGNMENT INC ACTED AS AGENT 27.000 53.8710 1,454.48 6/12 6/15 Sold RICE ENERGY INC ACTED AS AGENT 70.000 20.6538 1,445.73 6/12 6/15 Sold RPX CORPORATION COM ACTED AS AGENT 105.000 13.6100 1,429.01 6/12 6/15 Sold BROOKS-AUTOMATION INC ACTED AS AGENT 54.000 26.2804 1,419.10 6/12 6/15 Sold SCHWEITZER MAUDUIT INT INC ACTED AS AGENT 37.000 38.2120 1,413.80 6/12 6/15 Sold QEP RESOURCES INC ACTED AS AGENT 138.000 10.2132 1,409.38 6/12 6/15 Sold ARES COMMERCIAL REAL EST CORP ACTED AS AGENT 102.000 13.3930 1,366.06 6/12 6/15 Sold BROCADE COMMUN SYSTEMS INC ACTED AS AGENT 107.000 12.6333 1,351.73 6/12 6/15 Sold BMC STK HLDGS INC ACTED AS AGENT 64.000 21.0001 1,343.98 6/12 6/15 Sold NAVIGANT CONSULTING INC ACTED AS AGENT 60.000 20.6138 1,236.80 6/12 6/15 Sold GARDNER DENVER HOLDINGS, INC ACTED AS AGENT 53.000 23.2440 1,231.90 6/12 6/15 Sold SUNCOKE ENERGY INC COM ACTED AS AGENT 126.000 9.6225 1,212.41 6/12 6/15 Sold JONES LANG LASALLE INC ACTED AS AGENT 10.000 120.0050 1,200.02 6/12 6/15 Sold HEIDRICK & STRUGGLES INTL INC ACTED AS AGENT 54.000 22.1666 1,196.97 6/12 6/15 Sold ARES CAPITAL CORP ACTED AS AGENT 69.000 16.8210 1,160.62 6/12 6/15 Sold VALIDUS HOLDINGS LTD COM ACTED AS AGENT 22.000 52.3400 1,151.45 6/12 6/15 Sold ALLY FINANCIAL INC ACTED AS AGENT 57.000 19.8930 1,133.87 6/12 6/15 Sold FERRO CORP ACTED AS AGENT 59.000 19.0830 1,125.87 6/12 6/15 Sold TETRA TECH INC ACTED AS AGENT 24.000 46.7985 1,123.13 6/12 6/15 Sold RSP PERMIAN INC ACTED AS AGENT 32.000 34.8790 1,116.10 6/12 6/15 Sold AECOM ACTED AS AGENT 33.000 33.5060 1,105.67 6/12 6/15 Sold BLACKSTONE MTG TRUST INC CL A ACTED AS AGENT 35.000 31.5101 1,102.82 6/12 6/15 Sold OLIN CORPORATION ACTED AS AGENT 36.000 30.3701 1,093.29 6/12 6/15 Sold FIRST CITIZ BANCSHARES A ACTED AS AGENT 3.000 357.8400 1,073.49 6/12 6/15 Sold WILDHORSE RESOURCE DEV CORP ACTED AS AGENT 82.000 13.0600 1,070.89 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 102 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/12 6/15 Sold SYKES ENTERPRISES INC ACTED AS AGENT 31.000 33.7187 1,045.25 6/12 6/15 Sold SCRIPPS NETWORKS INTERAC CL A ACTED AS AGENT 15.000 68.3801 1,025.67 6/12 6/15 Sold CURTISS WRIGHT CORP ACTED AS AGENT 11.000 92.5800 1,018.35 6/12 6/15 Sold HANMI FINANCIAL CORP NEW ACTED AS AGENT 34.000 29.8200 1,013.85 6/12 6/15 Sold CARLISLE CO INC ACTED AS AGENT 10.000 99.9860 999.83 6/12 6/15 Sold FCB FINL HLDGS INC CL A ACTED AS AGENT 21.000 47.2500 992.22 6/12 6/15 Sold BRUNSWICK CORP ACTED AS AGENT 16.000 61.8220 989.12 6/12 6/15 Sold AMC NETWORKS INC CL A ACTED AS AGENT 17.000 57.1006 970.68 6/12 6/15 Sold HUNTINGTON INGALLS INDUSTRIES ACTED AS AGENT 5.000 194.1279 970.61 6/12 6/15 Sold CHATHAM LODGING TRUST COM ACTED AS AGENT 48.000 20.2035 969.74 6/12 6/15 Sold NATIONAL GEN HLDGS CORP ACTED AS AGENT 44.000 21.8701 962.25 6/12 6/15 Sold GRANITE CONSTR INC ACTED AS AGENT 19.000 50.4840 959.17 6/12 6/15 Sold FIRST AMERICAN FINL CORP ACTED AS AGENT 22.000 43.3300 953.23 6/12 6/15 Sold DICKS SPORTING GOODS INC ACTED AS AGENT 23.000 40.9130 940.97 6/12 6/15 Sold FIRST SOLAR, INC.ACTED AS AGENT 25.000 36.6301 915.73 6/12 6/15 Sold PRA GROUP INC ACTED AS AGENT 24.000 37.3750 896.98 6/12 6/15 Sold INVESTORS BANCORP INC NEW ACTED AS AGENT 65.000 13.7750 895.36 6/12 6/15 Sold AES CORP ACTED AS AGENT 76.000 11.7030 889.41 6/12 6/15 Sold FINISH LINE INC CL A ACTED AS AGENT 59.000 14.7830 872.18 6/12 6/15 Sold POLYONE CORP ACTED AS AGENT 22.000 38.3000 842.58 6/12 6/15 Sold PHARMERICA CORP COM ACTED AS AGENT 32.000 26.3000 841.58 6/12 6/15 Sold LA Z BOY INCORPORATED ACTED AS AGENT 29.000 28.1200 815.46 6/12 6/15 Sold BRISTOW GROUP INC ACTED AS AGENT 114.000 7.0932 808.60 6/12 6/15 Sold KOSMOS ENERGY LTD ACTED AS AGENT 126.000 6.2937 792.99 6/12 6/15 Sold TORCHMARK CORP ACTED AS AGENT 10.000 76.4200 764.18 6/12 6/15 Sold OFFICE DEPOT ACTED AS AGENT 131.000 5.6050 734.24 6/12 6/15 Sold FIRST MIDW BNCP DELA ACTED AS AGENT 30.000 23.9130 717.37 6/12 6/15 Sold LIVE NATION ENTERTAINMENT INC ACTED AS AGENT 20.000 35.4430 708.84 6/12 6/15 Sold ASSURANT INC ACTED AS AGENT 7.000 100.6776 704.72 6/12 6/15 Sold RAYMOND JAMES FINCL INC ACTED AS AGENT 9.000 78.2787 704.49 6/12 6/15 Sold ACCO BRANDS CORP ACTED AS AGENT 60.000 11.6700 700.18 6/12 6/15 Sold COLUMBIA BANKING SYSTEMS INC ACTED AS AGENT 17.000 40.5900 690.01 6/12 6/15 Sold ENVISION HEALTHCARE CORP ACTED AS AGENT 12.000 56.8029 681.61 6/12 6/15 Sold SELECT MEDICAL HLDGS CP ACTED AS AGENT 47.000 14.4030 676.92 6/12 6/15 Sold TUTOR PERINI CORP COM ACTED AS AGENT 25.000 26.9050 672.61 6/12 6/15 Sold INFINITY PPTY & CASUALTY ACTED AS AGENT 7.000 95.8300 670.79 6/12 6/15 Sold NU SKIN ENTERPRISE INC A ACTED AS AGENT 11.000 58.6850 645.52 6/12 6/15 Sold ABM INDUSTRIES INCORPORATED ACTED AS AGENT 6.000 40.9867 245.91 6/15 6/20 Sold TESORO PETROLEUM CP ACTED AS AGENT 57.000 91.8324 5,234.33 6/16 6/8 Cash in Lieu TESORO PETROLEUM CP CASH IN LIEU OF FRACTIONS 41.35 6/29 7/5 Bought FOOT LOCKER INC ACTED AS AGENT 84.000 48.5716 (4,080.01) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $195,564.01 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 103 of 144 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) TOTAL PURCHASES $(23,842.40) TOTAL SALES AND REDEMPTIONS $219,406.41 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) 6/29 7/5 Bought FOOT LOCKER INC UNSETTLED PURCHASE 84.000 $48.5716 $(4,080.01) NET UNSETTLED PURCHASES/SALES $(4,080.01) 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) 6/1 Qualified Dividend CARLISLE CO INC $30.80 6/2 Qualified Dividend LCI INDS 125.50 6/2 Qualified Dividend TETRA TECH INC 23.90 6/5 Qualified Dividend RADIAN GROUP INC 1.82 6/8 Dividend AGNC INVT CORP COM 50.04 6/9 Qualified Dividend OLIN CORPORATION 48.20 6/9 Qualified Dividend CABOT CORP 25.52 6/9 Qualified Dividend HUNTINGTON INGALLS INDUSTRIES 22.20 6/9 Qualified Dividend MINERALS TECHNOLOGY INC 9.95 6/12 Qualified Dividend CDW CORPORATION 50.72 6/12 Qualified Dividend FINISH LINE INC CL A 43.89 6/12 Qualified Dividend SCRIPPS NETWORKS INTERAC CL A 32.10 6/14 Qualified Dividend NU SKIN ENTERPRISE INC A 29.52 6/14 Qualified Dividend CHEMED CORPORATION 24.18 6/15 Qualified Dividend FIRST AMERICAN FINL CORP 54.06 6/15 Qualified Dividend TESORO PETROLEUM CP 50.60 6/15 Qualified Dividend MANPOWERGROUP INC COM 44.64 6/15 Qualified Dividend LA Z BOY INCORPORATED 31.24 6/15 Qualified Dividend NELNET INC CL A 27.44 6/15 Qualified Dividend JONES LANG LASALLE INC 25.90 6/15 Qualified Dividend OFFICE DEPOT 25.78 6/15 Qualified Dividend VALVOLINE INC COM 25.43 6/15 Qualified Dividend GROUP I AUTOMOTIVE INC 15.84 6/15 Qualified Dividend BRUNSWICK CORP 15.51 6/15 Qualified Dividend SCHOLASTIC CP 15.00 6/15 Interest Income MORGAN STANLEY PRIVATE BANK NA 0.12 6/16 Qualified Dividend NAVIENT CORP COM 226.88 6/16 Qualified Dividend JACOBS ENGINEERING GROUP INC 12.30 6/19 Qualified Dividend AVNET INC 69.48 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 104 of 144 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 6/20 Qualified Dividend ASSURANT INC 24.38 6/22 Qualified Dividend BRISTOW GROUP INC 23.38 6/23 Qualified Dividend TAILORED BRANDS INC COM 130.14 6/23 Qualified Dividend SCHWEITZER MAUDUIT INT INC 112.14 6/23 Qualified Dividend BROOKS-AUTOMATION INC 36.20 6/23 Qualified Dividend TERADYNE INC 28.07 6/30 Dividend ARES CAPITAL CORP 172.14 6/30 Qualified Dividend HANOVER INSURANCE GROUP INC 85.00 6/30 Qualified Dividend VALIDUS HOLDINGS LTD COM 47.88 6/30 Dividend CHATHAM LODGING TRUST COM 41.80 6/30 Qualified Dividend DICKS SPORTING GOODS INC 32.30 6/30 Qualified Dividend LEUCADIA NAT CP 31.63 6/30 Qualified Dividend FIDELITY NATIONAL FINANCIAL IN 31.00 6/30 Qualified Dividend HILLENBRAND INC 26.24 6/30 Qualified Dividend OWENS & MINOR INC NEW 26.01 6/30 Qualified Dividend ENERSYS 23.45 6/30 Qualified Dividend BOOZ ALLEN HAMILTON HLDG CL-A 22.44 6/30 Qualified Dividend SERVICE CORP INTL 22.05 6/30 Qualified Dividend INFINITY PPTY & CASUALTY 21.46 6/30 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 06/01-06/30) 0.12 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $2,096.39 TOTAL QUALIFIED DIVIDENDS $1,832.17 TOTAL OTHER DIVIDENDS $263.98 TOTAL INTEREST $0.24 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 6/15 Cash Transfer - Debit FUNDS TRANSFERRED CONFIRMATION # 72000465 TO 660-110179 $(216,000.00) TOTAL ELECTRONIC TRANSFERS $(216,000.00) TOTAL ELECTRONIC TRANSFERS-DEBITS $(216,000.00) OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 6/16 Service Fee Adj DEPOSIT/WITHDRAWAL ADJ $61.54 TOTAL OTHER CREDITS AND DEBITS $61.54 TOTAL OTHER DEBITS $61.54 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 105 of 144 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/1 Automatic Redemption BANK DEPOSIT PROGRAM $(9,755.99) 6/2 Automatic Investment BANK DEPOSIT PROGRAM 149.40 6/5 Automatic Investment BANK DEPOSIT PROGRAM 1.82 6/8 Automatic Redemption BANK DEPOSIT PROGRAM (9,269.35) 6/9 Automatic Investment BANK DEPOSIT PROGRAM 105.87 6/12 Automatic Investment BANK DEPOSIT PROGRAM 126.71 6/13 Automatic Investment BANK DEPOSIT PROGRAM 7,157.40 6/14 Automatic Investment BANK DEPOSIT PROGRAM 53.70 6/15 Automatic Redemption BANK DEPOSIT PROGRAM (32,362.29) 6/16 Automatic Investment BANK DEPOSIT PROGRAM 13,463.36 6/19 Automatic Investment BANK DEPOSIT PROGRAM 172.37 6/20 Automatic Investment BANK DEPOSIT PROGRAM 24.38 6/21 Automatic Investment BANK DEPOSIT PROGRAM 5,234.33 6/22 Automatic Investment BANK DEPOSIT PROGRAM 23.38 6/23 Automatic Investment BANK DEPOSIT PROGRAM 306.55 6/30 Automatic Investment BANK DEPOSIT PROGRAM 583.40 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.12 NET ACTIVITY FOR PERIOD $(23,984.84) TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 6/6 Stock Dividend CARS COM INC DISTRIBUTION FROM TGNA 72.000 6/7 Exchange Delivered Out WEST BAF32 CASH UNACCEPTED SHARES (270.000) 6/7 Exchange Received In WESTERN OHIO FINANCIALCORP +UNACCEPTED SHARES 270.000 6/8 Exchange Delivered Out WESTERN OHIO FINANCIALCORP +EXCHANGE SHARES FROM OFFER (270.000) 6/8 Exchange Received In TESORO PETROLEUM CP EXCHANGE SHARES FROM OFFER 117.000 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 ABM INDUSTRIES INCORPORATED 11/10/15 06/12/17 6.000 $245.91 $171.45 $74.46 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 106 of 144 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments AECOM 11/10/15 06/12/17 33.000 1,105.67 1,018.30 87.37 AES CORP 11/10/15 06/12/17 76.000 889.41 734.47 154.94 R AGNC INVT CORP COM 11/10/15 06/12/17 72.000 1,539.54 1,254.22 285.32 R AIR LEASE CORP CL A 10/28/15 06/12/17 63.000 2,407.11 2,107.59 299.52 10/28/15 06/12/17 24.000 916.99 808.18 108.81 ALLY FINANCIAL INC 12/04/15 06/12/17 57.000 1,133.87 1,134.72 (0.85) AMDOCS LIMITED ORD 11/10/15 06/12/17 26.000 1,675.25 1,560.04 115.21 ARES CAPITAL CORP 11/10/15 06/12/17 69.000 1,160.62 1,077.11 83.51 ARES COMMERCIAL REAL EST CORP 11/10/15 06/12/17 102.000 1,366.06 1,289.16 76.90 ARROW ELECTRONICS 11/10/15 06/12/17 47.000 3,594.01 2,754.84 839.17 ASSURANT INC 11/10/15 06/12/17 7.000 704.72 589.58 115.14 ASSURED GUARANTY LTD 11/10/15 06/12/17 46.000 1,893.45 1,313.62 579.83 AVNET INC 11/10/15 06/12/17 51.000 1,923.68 2,330.74 (407.06) BERRY GLOBAL GROUP INC 02/22/16 06/07/17 83.000 4,834.66 2,502.45 2,332.21 02/22/16 06/12/17 34.000 1,953.15 1,025.10 928.05 BMC STK HLDGS INC 11/10/15 06/12/17 64.000 1,343.98 1,096.79 247.19 BRISTOW GROUP INC 11/10/15 06/12/17 8.000 56.74 242.80 (186.06)W 12/01/15 06/12/17 106.000 751.86 3,282.47 (2,530.61)W Disallowed Loss Based On Wash Sale: $2,716.67 BROCADE COMMUN SYSTEMS INC 11/10/15 06/12/17 107.000 1,351.73 1,147.94 203.79 BROOKS-AUTOMATION INC 11/10/15 06/12/17 54.000 1,419.10 607.94 811.16 CDW CORPORATION 11/10/15 06/12/17 42.000 2,553.54 1,788.78 764.76 CHATHAM LODGING TRUST COM 11/10/15 06/12/17 48.000 969.74 1,077.68 (107.94)R CHEMED CORPORATION 11/10/15 06/07/17 10.000 2,075.22 1,530.59 544.63 11/10/15 06/12/17 13.000 2,703.30 1,989.76 713.54 CLUBCORP HLDGS INC 12/07/15 06/12/17 135.000 1,851.65 2,359.23 (507.58) COHERENT INC 11/10/15 06/12/17 14.000 3,435.53 884.52 2,551.01 COLONY NORTHSTAR INC 11/10/15 06/12/17 103.000 1,461.86 1,498.85 (36.99) COLUMBIA BANKING SYSTEMS INC 11/10/15 06/12/17 17.000 690.01 601.21 88.80 CURTISS WRIGHT CORP 11/10/15 06/12/17 11.000 1,018.35 750.31 268.04 CYS INVESTMENTS INC 11/10/15 06/12/17 221.000 1,911.93 1,596.15 315.78 R DIAMONDBACK ENERGY INC 05/08/15 06/12/17 21.000 1,895.87 1,595.96 299.91 05/08/15 06/12/17 4.000 361.12 305.63 55.49 05/12/15 06/12/17 1.000 90.28 79.47 10.81 EAST WEST BANCORP 02/22/16 06/12/17 47.000 2,748.92 1,403.42 1,345.50 ENERSYS 11/10/15 06/12/17 19.000 1,467.33 1,220.11 247.22 ENVISION HEALTHCARE CORP 11/10/15 06/12/17 12.000 681.61 1,018.71 (337.10) ESSENT GROUP LTD COM 11/10/15 06/12/17 51.000 1,860.94 1,251.21 609.73 FINISH LINE INC CL A 11/10/15 06/12/17 59.000 872.18 1,087.14 (214.96) FIRST AMERICAN FINL CORP 11/10/15 06/12/17 7.000 303.30 266.67 36.63 02/22/16 06/12/17 15.000 649.93 560.25 89.68 FIRST CITIZ BANCSHARES A 11/10/15 06/12/17 3.000 1,073.49 787.98 285.51 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 107 of 144 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FIRSTCASH INC 11/10/15 06/12/17 43.000 2,412.24 1,679.34 732.90 FLEXTRONICS INTL LTD 11/10/15 06/12/17 134.000 2,224.79 1,547.32 677.47 GRANITE CONSTR INC 11/10/15 06/12/17 19.000 959.17 722.16 237.01 GRAPHIC PACKAGING HOLDING CO 11/10/15 06/12/17 160.000 2,093.28 2,187.57 (94.29) HANOVER INSURANCE GROUP INC 11/10/15 06/12/17 21.000 1,838.33 1,800.38 37.95 HEIDRICK & STRUGGLES INTL INC 11/10/15 06/12/17 54.000 1,196.97 1,558.94 (361.97) HUNTINGTON INGALLS INDUSTRIES 11/10/15 06/12/17 5.000 970.61 638.22 332.39 IAC INTERACTIVECORP COM 11/10/15 06/07/17 36.000 3,789.97 2,349.36 1,440.61 11/10/15 06/12/17 15.000 1,502.23 978.90 523.33 ICON PLC 11/10/15 06/12/17 20.000 1,913.95 1,396.69 517.26 INFINITY PPTY & CASUALTY 11/10/15 06/12/17 7.000 670.79 572.08 98.71 INVESTORS BANCORP INC NEW 11/10/15 06/12/17 65.000 895.36 828.75 66.61 KAR AUCTION SVCS INC 10/19/15 06/12/17 38.000 1,676.75 1,429.28 247.47 LCI INDS 11/10/15 06/12/17 31.000 3,006.16 1,825.48 1,180.68 LEUCADIA NAT CP 12/15/15 06/12/17 74.000 1,878.81 1,249.70 629.11 LIVE NATION ENTERTAINMENT INC 11/10/15 06/12/17 20.000 708.84 531.69 177.15 MAIDEN HOLDINGS LTD SHS 11/10/15 06/12/17 201.000 2,334.80 3,055.14 (720.34) MFA FINANCIAL INC 11/10/15 06/12/17 192.000 1,619.48 1,310.84 308.64 MINERALS TECHNOLOGY INC 11/10/15 06/12/17 27.000 2,027.65 1,644.85 382.80 NAVIENT CORP COM 11/10/15 06/12/17 230.000 3,574.47 2,917.96 656.51 NAVIGANT CONSULTING INC 11/10/15 06/12/17 60.000 1,236.80 1,042.70 194.10 NU SKIN ENTERPRISE INC A 11/10/15 06/12/17 11.000 645.52 396.00 249.52 OFFICE DEPOT 05/11/16 06/12/17 131.000 734.24 485.80 248.44 OLIN CORPORATION 01/08/16 06/12/17 36.000 1,093.29 612.29 481.00 ON SEMICONDUCTOR CORP 11/10/15 06/12/17 232.000 3,616.82 2,612.16 1,004.66 PACKAGING CORP AMER 11/10/15 06/07/17 43.000 4,476.05 2,833.70 1,642.35 PAREXEL INTL CORP 11/10/15 06/12/17 22.000 1,813.47 1,483.53 329.94 02/22/16 06/12/17 1.000 82.43 58.29 24.14 PARSLEY ENERGY INC CL A 11/10/15 06/12/17 111.000 3,110.71 2,066.27 1,044.44 PRA GROUP INC 05/10/16 06/12/17 24.000 896.98 598.98 298.00 QEP RESOURCES INC 11/10/15 06/12/17 138.000 1,409.38 2,190.06 (780.68) RADIAN GROUP INC 11/10/15 06/12/17 101.000 1,718.28 1,456.16 262.12 RAYMOND JAMES FINCL INC 05/18/15 06/12/17 9.000 704.49 528.23 176.26 REINSURANCE GROUP OF AMERICA 11/10/15 06/12/17 16.000 2,036.11 1,463.84 572.27 RICE ENERGY INC 11/10/15 06/12/17 70.000 1,445.73 1,115.10 330.63 RPX CORPORATION COM 11/10/15 06/12/17 105.000 1,429.01 1,475.31 (46.30) RSP PERMIAN INC 11/10/15 06/12/17 32.000 1,116.10 901.44 214.66 SCHWEITZER MAUDUIT INT INC 11/10/15 06/12/17 37.000 1,413.80 1,470.54 (56.74) SELECT MEDICAL HLDGS CP 11/10/15 06/12/17 47.000 676.92 571.22 105.70 SERVICE CORP INTL 11/10/15 06/12/17 49.000 1,555.78 1,297.05 258.73 SLM CORPORATION 11/10/15 06/12/17 225.000 2,392.82 1,548.00 844.82 STARWOOD PROPERTY TRUST INC 05/13/16 06/12/17 68.000 1,502.82 1,383.96 118.86 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 108 of 144 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments STEEL DYNAMICS INC 12/04/15 06/12/17 73.000 2,622.10 1,252.10 1,370.00 STEVEN MADDEN LTD 11/10/15 06/12/17 50.000 2,016.20 1,686.50 329.70 STIFEL FINANCIAL CORPORATION 05/10/16 06/12/17 52.000 2,379.88 1,786.67 593.21 SVB FNCL GRP 02/22/16 06/12/17 14.000 2,534.29 1,224.81 1,309.48 SYKES ENTERPRISES INC 11/10/15 06/12/17 31.000 1,045.25 971.18 74.07 SYNNEX CORP 11/10/15 06/12/17 15.000 1,740.83 1,421.10 319.73 TELETECH HOLDINGS INC 11/10/15 06/12/17 65.000 2,650.32 1,874.17 776.15 TERADYNE INC 11/10/15 06/12/17 45.000 1,497.34 904.50 592.84 TESORO PETROLEUM CP 11/10/15 06/08/17 0.450 41.35 47.91 (6.56) 11/10/15 06/12/17 41.000 3,741.57 4,359.93 (618.36) 11/10/15 06/15/17 49.567 4,551.76 5,270.95 (719.19) 02/22/16 06/15/17 7.433 682.57 461.88 220.69 TETRA TECH INC 11/10/15 06/12/17 24.000 1,123.13 638.88 484.25 TORCHMARK CORP 11/10/15 06/12/17 10.000 764.18 596.04 168.14 TUTOR PERINI CORP COM 11/10/15 06/12/17 25.000 672.61 399.41 273.20 TWO HARBORS INVT CORP COM 11/10/15 06/12/17 275.000 2,786.53 2,296.25 490.28 UNIVERSAL CP VA 11/10/15 06/12/17 22.000 1,459.76 1,215.85 243.91 VALIDUS HOLDINGS LTD COM 11/10/15 06/12/17 22.000 1,151.45 994.40 157.05 WALKER & DUNLOP INC 11/10/15 06/12/17 69.000 3,361.17 1,967.80 1,393.37 WESCO INTL INC 11/10/15 06/12/17 34.000 2,040.81 1,661.16 379.65 12/04/15 06/12/17 11.000 660.26 526.74 133.52 WEST BAF32 CASH 11/10/15 06/07/17 65.000 2,424.50 3,010.15 (585.65) WORLD FUEL SERVICES CORP 11/10/15 06/12/17 116.000 4,233.95 5,266.67 (1,032.72)W Disallowed Loss Based On Wash Sale: $1,032.72 Long-Term This Period $181,527.62 $149,353.47 $32,174.15 Long-Term Year to Date $332,604.64 $277,266.37 $55,338.27 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ACCO BRANDS CORP 04/04/17 06/12/17 60.000 700.18 810.38 (110.20) AMC NETWORKS INC CL A 05/19/17 06/12/17 17.000 970.68 904.55 66.13 BANKUNITED INC 03/28/17 06/12/17 44.000 1,539.04 1,595.92 (56.88) BLACKSTONE MTG TRUST INC CL A 09/21/16 06/12/17 35.000 1,102.82 1,033.01 69.81 BRUNSWICK CORP 10/28/16 06/12/17 16.000 989.12 689.85 299.27 CARLISLE CO INC 04/04/17 06/12/17 10.000 999.83 1,044.44 (44.61) COMMSCOPE HOLDING COMPANY INC 09/16/16 06/12/17 42.000 1,550.81 1,276.13 274.68 DICKS SPORTING GOODS INC 03/07/17 06/12/17 23.000 940.97 1,099.63 (158.66)W Disallowed Loss Based On Wash Sale: $158.66 E*TRADE FINANCIAL CORP NEW COM 10/19/16 06/12/17 51.000 1,877.26 1,459.81 417.45 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 109 of 144 SHORT-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FCB FINL HLDGS INC CL A 09/23/16 06/12/17 21.000 992.22 825.28 166.94 FERRO CORP 06/17/16 06/12/17 59.000 1,125.87 855.78 270.09 FIRST MIDW BNCP DELA 03/28/17 06/12/17 30.000 717.37 694.69 22.68 FIRST SOLAR, INC.09/15/16 06/12/17 25.000 915.73 879.59 36.14 GARDNER DENVER HOLDINGS, INC 05/23/17 06/12/17 53.000 1,231.90 1,242.46 (10.56) HANMI FINANCIAL CORP NEW 08/29/16 06/12/17 34.000 1,013.85 889.39 124.46 JAGGED PEAK ENERGY INC COM 01/30/17 06/12/17 134.000 1,752.01 1,935.12 (183.11) JONES LANG LASALLE INC 10/28/16 06/12/17 10.000 1,200.02 977.78 222.24 KOSMOS ENERGY LTD 01/27/17 06/12/17 126.000 792.99 801.36 (8.37) LA Z BOY INCORPORATED 05/17/17 06/12/17 29.000 815.46 785.36 30.10 LITHIA MOTORS INC A 09/02/16 06/12/17 21.000 2,040.06 1,774.79 265.27 MARVELL TECH GROUP LTD 04/05/17 06/12/17 96.000 1,661.24 1,452.38 208.86 NATIONAL GEN HLDGS CORP 03/17/17 06/12/17 44.000 962.25 1,033.71 (71.46) NELNET INC CL A 06/24/16 06/12/17 33.000 1,464.96 1,071.73 393.23 ON ASSIGNMENT INC 11/02/16 06/12/17 27.000 1,454.48 932.34 522.14 PHARMERICA CORP COM 08/22/16 06/12/17 32.000 841.58 715.88 125.70 POLYONE CORP 03/07/17 06/12/17 22.000 842.58 722.47 120.11 SCRIPPS NETWORKS INTERAC CL A 06/24/16 06/12/17 15.000 1,025.67 904.51 121.16 SKECHERS U S A INC CL A 09/23/16 06/12/17 35.000 955.23 787.02 168.21 10/21/16 06/12/17 44.000 1,200.87 840.38 360.49 SUNCOKE ENERGY INC COM 03/23/17 06/12/17 126.000 1,212.41 1,136.22 76.19 VALVOLINE INC COM 01/05/17 06/12/17 81.000 1,918.44 1,734.94 183.50 WILDHORSE RESOURCE DEV CORP 12/15/16 06/12/17 82.000 1,070.89 1,214.31 (143.42) Short-Term This Period $37,878.79 $34,121.21 $3,757.58 Short-Term Year to Date $72,431.23 $62,125.43 $10,305.80 Net Realized Gain/(Loss) This Period $219,406.41 $183,474.68 $35,931.73 Net Realized Gain/(Loss) Year to Date $405,035.87 $339,391.80 $65,644.07 Disallowed Loss Based On Wash Sale This Period: $3,908.05 Disallowed Loss Based On Wash Sale Year to Date: $4,741.57 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. R - The cost basis for this tax lot was adjusted due to a reclassification of income. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110134-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 110 of 144 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110145-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $1,556,377.24 $1,362,287.35 Credits —— Debits (215,938.46)(220,518.05) Security Transfers —— Net Credits/Debits/Transfers $(215,938.46)$(220,518.05) Change in Value 8,353.01 207,022.49 TOTAL ENDING VALUE $1,348,791.79 $1,348,791.79 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 700 900 1,100 1,300 1,500 1,700 ($ ) 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 111 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $7,155.23 0.53 Equities 1,341,636.56 99.47 TOTAL VALUE $1,348,791.79 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 5 9 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 112 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $35,115.45 $7,155.23 Stocks 1,492,432.38 1,341,636.56 Net Unsettled Purchases/Sales 28,829.41 — Total Assets $1,556,377.24 $1,348,791.79 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,556,377.24 $1,348,791.79 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $35,115.45 $21,613.68 Purchases (6,939.49)(98,493.34) Sales and Redemptions 165,086.73 300,960.18 Prior Net Unsettled Purch/Sales 28,829.41 N/A Income and Distributions 1,001.59 3,592.76 Total Investment Related Activity $187,978.24 $206,059.60 Electronic Transfers-Debits (216,000.00)(216,000.00) Other Debits 61.54 (4,518.05) Total Cash Related Activity $(215,938.46)$(220,518.05) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $7,155.23 $7,155.23 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Qualified Dividends $1,001.30 $3,591.23 Interest 0.29 1.53 Total Taxable Income And Distributions $1,001.59 $3,592.76 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $1,001.59 $3,592.76 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $2,624.05 $15,182.28 $32,307.66 Short-Term (Loss)——(16,850.51) Total Short-Term $2,624.05 $15,182.28 $15,457.15 Long-Term Gain 39,312.54 58,065.74 251,757.50 Long-Term (Loss)(7,004.51)(26,743.45)(33,046.59) Total Long-Term $32,308.03 $31,322.29 $218,710.91 TOTAL GAIN/(LOSS)$34,932.08 $46,504.57 $234,168.06 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 June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 113 of 144 ADDITIONAL ACCOUNT INFORMATION Category This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Foreign Tax Paid $24.02 $48.04 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 0 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 114 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 03/12/10 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.65% Last Advisory Trade: 06/14/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income Account Risk Tolerance:Aggressive Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Riverbridge Partners - SMID Growth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 115 of 144 † 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 #$7,155.23 —$7.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 0.53%$7,155.23 $7.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. 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 $46.920 46.920 46.920 $6,727.72 1,257.26 5,300.28 $8,774.04 1,642.20 6,897.24 $2,046.32 384.94 1,596.96 ST ST ST 5/26/17 1.000 43.590 46.920 43.59 46.92 3.33 ST 5/26/17 2.000 43.625 46.920 87.25 93.84 6.59 ST Total 372.000 13,416.10 17,454.24 4,038.14 ST —— Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 1 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 116 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % ACUITY BRANDS INC (AYI) 11/10/15 2/16/16 2/10/17 79.000 15.000 48.000 210.959 185.555 211.070 203.280 203.280 203.280 16,665.79 2,783.33 10,131.36 16,059.12 3,049.20 9,757.44 (606.67) 265.87 (373.92) LT LT ST Total 142.000 29,580.48 28,865.76 (340.80) (373.92) LT ST 74.00 0.25 Next Dividend Payable 08/2017; Asset Class: Equities ALARM COM HLDGS INC COM (ALRM) 6/14/17 103.000 35.739 37.630 3,681.09 3,875.89 194.80 ST —— Asset Class: Equities ANSYS INC (ANSS) 11/10/15 2/16/16 4/18/16 132.000 25.000 24.000 92.230 84.902 89.780 121.680 121.680 121.680 12,174.36 2,122.54 2,154.71 16,061.76 3,042.00 2,920.32 3,887.40 919.46 765.61 LT LT LT 4/26/16 26.000 91.013 121.680 2,366.35 3,163.68 797.33 LT 4/27/16 28.000 90.984 121.680 2,547.55 3,407.04 859.49 LT 4/28/16 64.000 90.875 121.680 5,816.00 7,787.52 1,971.52 LT Total 299.000 27,181.51 36,382.32 9,200.81 LT —— Asset Class: Equities ATHENAHEALTH INC COM (ATHN) 1/12/15 6/10/15 2/16/16 92.000 105.000 30.000 139.590 117.975 127.546 140.550 140.550 140.550 12,842.27 12,387.33 3,826.38 12,930.60 14,757.75 4,216.50 88.33 2,370.42 390.12 LT LT LT 6/24/16 50.000 131.236 140.550 6,561.80 7,027.50 465.70 LT 5/26/17 2.000 134.275 140.550 268.55 281.10 12.55 ST Total 279.000 35,886.33 39,213.45 3,314.57 12.55 LT ST —— Asset Class: Equities BEACON ROOFING SUPPLY INC (BECN) 1/12/15 11/10/15 390.000 35.000 27.079 37.520 49.000 49.000 10,560.93 1,313.20 19,110.00 1,715.00 8,549.07 401.80 LT LT Total 425.000 11,874.13 20,825.00 8,950.87 LT —— Asset Class: Equities BIO-TECHNE CORP (TECH) 10/17/14 1/12/15 2/16/16 36.000 165.000 25.000 90.930 92.188 87.221 117.500 117.500 117.500 3,273.48 15,211.02 2,180.53 4,230.00 19,387.50 2,937.50 956.52 4,176.48 756.97 LT LT LT Total 226.000 20,665.03 26,555.00 5,889.97 LT 289.00 1.08 Next Dividend Payable 09/2017; Asset Class: Equities CHANNELADVISOR CORP COM (ECOM) 10/17/14 1/12/15 11/10/15 130.000 295.000 205.000 14.374 21.118 13.530 11.550 11.550 11.550 1,868.66 6,229.84 2,773.69 1,501.50 3,407.25 2,367.75 (367.16) (2,822.59) (405.94) LT LT LT Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 117 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 2/16/16 80.000 11.467 11.550 917.35 924.00 6.65 LT Total 710.000 11,789.54 8,200.50 (3,589.04)LT —— Asset Class: Equities CHEMED CORPORATION (CHE) 10/17/14 1/12/15 2/16/16 22.000 150.000 25.000 99.105 103.282 134.254 204.530 204.530 204.530 2,180.31 15,492.26 3,356.36 4,499.66 30,679.50 5,113.25 2,319.35 15,187.24 1,756.89 LT LT LT Total 197.000 21,028.93 40,292.41 19,263.48 LT 205.00 0.50 Next Dividend Payable 09/2017; Asset Class: Equities COGNEX CORP (CGNX) 11/10/15 2/16/16 166.000 55.000 35.920 34.453 84.900 84.900 5,962.64 1,894.89 14,093.40 4,669.50 8,130.76 2,774.61 LT LT Total 221.000 7,857.53 18,762.90 10,905.37 LT 75.00 0.39 Next Dividend Payable 09/2017; Asset Class: Equities COSTAR GROUP INC (CSGP) 10/17/14 1/12/15 11/10/15 21.000 125.000 35.000 143.180 178.150 202.297 263.600 263.600 263.600 3,006.78 22,268.69 7,080.41 5,535.60 32,950.00 9,226.00 2,528.82 10,681.31 2,145.59 LT LT LT 2/16/16 25.000 161.606 263.600 4,040.15 6,590.00 2,549.85 LT Total 206.000 36,396.03 54,301.60 17,905.57 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 14.800 14.800 14.800 1,817.43 2,099.41 3,127.14 947.20 1,110.00 1,598.40 (870.23) (989.41) (1,528.74) ST ST ST 10/24/16 326.000 28.853 14.800 9,406.21 4,824.80 (4,581.41)ST 10/25/16 145.000 28.878 14.800 4,187.27 2,146.00 (2,041.27)ST Total 718.000 20,637.46 10,626.40 (10,011.06)ST —— Asset Class: Equities DORMAN PRODUCTS, INC (DORM) 7/24/15 7/27/15 7/28/15 79.000 85.000 84.000 48.006 46.556 47.145 82.770 82.770 82.770 3,792.44 3,957.27 3,960.21 6,538.83 7,035.45 6,952.68 2,746.39 3,078.18 2,992.47 LT LT LT 2/16/16 35.000 42.951 82.770 1,503.27 2,896.95 1,393.68 LT 5/26/17 1.000 83.460 82.770 83.46 82.77 (0.69)ST Total 284.000 13,296.65 23,506.68 10,210.72 (0.69) LT ST —— Asset Class: Equities ELLIE MAE INC (ELLI) 12/1/16 203.000 79.999 109.910 16,239.86 22,311.73 6,071.87 ST —— Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 2 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 118 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % EVOLENT HEALTH INC CL A (EVH) 6/13/17 6/14/17 112.000 16.000 25.317 26.433 25.350 25.350 2,835.47 422.93 2,839.20 405.60 3.73 (17.33) ST ST Total 128.000 3,258.40 3,244.80 (13.60)ST —— Asset Class: Equities EXLSERVICE HLDGS INC (EXLS) 12/12/16 440.000 49.917 55.580 21,963.52 24,455.20 2,491.68 ST —— Asset Class: Equities FASTENAL CO (FAST) 11/10/15 2/16/16 732.000 120.000 40.747 43.587 43.530 43.530 29,826.58 5,230.45 31,863.96 5,223.60 2,037.38 (6.85) LT LT Total 852.000 35,057.03 37,087.56 2,030.53 LT 1,091.00 2.94 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 36.600 36.600 36.600 4,661.21 1,715.21 1,351.50 4,831.20 1,573.80 1,244.40 169.99 (141.41) (107.10) LT LT LT 2/18/15 84.000 39.001 36.600 3,276.08 3,074.40 (201.68)LT 2/19/15 144.000 39.132 36.600 5,635.05 5,270.40 (364.65)LT 2/16/16 55.000 26.237 36.600 1,443.01 2,013.00 569.99 LT Total 492.000 18,082.06 18,007.20 (74.86)LT 138.00 0.76 Next Dividend Payable 07/06/17; Asset Class: Equities FIVE BELOW (FIVE) 10/17/14 1/12/15 2/16/16 25.000 385.000 240.000 38.896 34.907 35.504 49.370 49.370 49.370 972.39 13,439.31 8,520.96 1,234.25 19,007.45 11,848.80 261.86 5,568.14 3,327.84 LT LT LT Total 650.000 22,932.66 32,090.50 9,157.84 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 18.970 18.970 18.970 3,887.39 8,308.31 4,182.16 4,192.37 9,579.85 5,596.15 304.98 1,271.54 1,413.99 LT LT LT Total 1,021.000 16,377.86 19,368.37 2,990.51 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 7/27/15 259.000 71.000 36.000 44.015 43.786 42.947 78.410 78.410 78.410 11,399.86 3,108.81 1,546.10 20,308.19 5,567.11 2,822.76 8,908.33 2,458.30 1,276.66 LT LT LT 7/28/15 27.000 42.932 78.410 1,159.16 2,117.07 957.91 LT 8/3/15 28.000 43.031 78.410 1,204.88 2,195.48 990.60 LT 8/4/15 107.000 42.905 78.410 4,590.85 8,389.87 3,799.02 LT 2/16/16 80.000 34.275 78.410 2,742.00 6,272.80 3,530.80 LT Total 608.000 25,751.66 47,673.28 21,921.62 LT —— Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 119 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 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 26.320 26.320 26.320 1,047.47 1,356.06 1,739.41 1,000.16 1,289.68 1,658.16 (47.31) (66.38) (81.25) ST ST ST 10/28/16 165.000 26.649 26.320 4,397.12 4,342.80 (54.32)ST 11/2/16 227.000 26.307 26.320 5,971.80 5,974.64 2.84 ST 11/3/16 217.000 24.029 26.320 5,214.34 5,711.44 497.10 ST Total 759.000 19,726.20 19,976.88 250.68 ST —— Asset Class: Equities HEICO CORP NEW (HEI) 4/30/15 5/15/15 5/19/15 32.000 68.000 92.000 44.938 45.267 45.864 71.840 71.840 71.840 1,438.03 3,078.15 4,219.51 2,298.88 4,885.12 6,609.28 860.85 1,806.97 2,389.77 LT LT LT 6/3/15 92.000 46.924 71.840 4,317.00 6,609.28 2,292.28 LT 2/16/16 43.000 43.254 71.840 1,859.92 3,089.12 1,229.20 LT 6/22/16 16.000 52.679 71.840 842.86 1,149.44 306.58 LT 6/24/16 32.000 51.947 71.840 1,662.31 2,298.88 636.57 LT 6/29/16 26.000 52.418 71.840 1,362.86 1,867.84 504.98 LT 7/12/16 110.000 50.943 71.840 5,603.68 7,902.40 2,298.72 ST 5/26/17 1.000 74.510 71.840 74.51 71.84 (2.67)ST Total 512.000 24,458.83 36,782.08 10,027.20 2,296.05 LT ST 82.00 0.22 Next Dividend Payable 07/19/17; Asset Class: Equities HENRY SCHEIN INC (HSIC) 12/11/15 12/14/15 2/16/16 39.000 65.000 15.000 153.070 153.270 161.677 183.020 183.020 183.020 5,969.74 9,962.53 2,425.15 7,137.78 11,896.30 2,745.30 1,168.04 1,933.77 320.15 LT LT LT Total 119.000 18,357.42 21,779.38 3,421.96 LT —— Asset Class: Equities HLTH CARE SVC GRP (HCSG) 1/12/15 6/18/15 6/19/15 400.000 46.000 220.000 30.447 33.005 33.170 46.830 46.830 46.830 12,178.84 1,518.22 7,297.38 18,732.00 2,154.18 10,302.60 6,553.16 635.96 3,005.22 LT LT LT 6/23/15 89.000 33.452 46.830 2,977.23 4,167.87 1,190.64 LT 2/16/16 115.000 34.847 46.830 4,007.42 5,385.45 1,378.03 LT Total 870.000 27,979.09 40,742.10 12,763.01 LT 653.00 1.60 Next Dividend Payable 09/2017; Asset Class: Equities IHS MARKIT LTD (INFO) 7/13/16 5/26/17 698.000 2.000 32.880 46.255 44.040 44.040 22,950.24 92.51 30,739.92 88.08 7,789.68 (4.43) ST ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 120 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 700.000 23,042.75 30,828.00 7,785.25 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 11.600 11.600 11.600 2,512.77 4,916.38 5,460.01 3,480.00 8,120.00 7,830.00 967.23 3,203.62 2,369.99 LT LT LT 2/16/16 240.000 6.581 11.600 1,579.44 2,784.00 1,204.56 LT Total 1,915.000 14,468.60 22,214.00 7,745.40 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 13.150 13.150 13.150 372.94 751.22 1,113.64 263.00 526.00 749.55 (109.94) (225.22) (364.09) LT LT LT 2/22/16 331.000 19.547 13.150 6,470.16 4,352.65 (2,117.51)LT 2/25/16 125.000 17.654 13.150 2,206.73 1,643.75 (562.98)LT 2/26/16 172.000 16.423 13.150 2,824.84 2,261.80 (563.04)LT 3/2/16 51.000 17.375 13.150 886.12 670.65 (215.47)LT 3/4/16 115.000 17.944 13.150 2,063.55 1,512.25 (551.30)LT 3/7/16 64.000 17.976 13.150 1,150.44 841.60 (308.84)LT 5/26/17 2.000 13.575 13.150 27.15 26.30 (0.85)ST 5/26/17 3.000 13.587 13.150 40.76 39.45 (1.31)ST Total 980.000 17,907.55 12,887.00 (5,018.39) (2.16) LT ST —— Asset Class: Equities INTL FLAVORS & FRAGRANCES (IFF) 11/10/15 2/16/16 145.000 20.000 114.785 106.799 135.000 135.000 16,643.83 2,135.98 19,575.00 2,700.00 2,931.17 564.02 LT LT Total 165.000 18,779.81 22,275.00 3,495.19 LT 422.00 1.89 Next Dividend Payable 07/07/17; Asset Class: Equities LKQ CORPORATION (LKQ) 11/10/15 2/16/16 640.000 190.000 30.035 25.600 32.950 32.950 19,222.21 4,864.00 21,088.00 6,260.50 1,865.79 1,396.50 LT LT Total 830.000 24,086.21 27,348.50 3,262.29 LT —— Asset Class: Equities MAXIMUS INC (MMS) 1/12/15 2/16/16 290.000 45.000 53.795 47.779 62.630 62.630 15,600.69 2,150.05 18,162.70 2,818.35 2,562.01 668.30 LT LT Total 335.000 17,750.74 20,981.05 3,230.31 LT 60.00 0.28 Next Dividend Payable 08/2017; Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 121 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % MEDNAX INC (MD) 10/17/14 1/12/15 2/16/16 53.000 260.000 65.000 52.792 65.537 64.892 60.370 60.370 60.370 2,797.96 17,039.70 4,217.96 3,199.61 15,696.20 3,924.05 401.65 (1,343.50) (293.91) LT LT LT Total 378.000 24,055.62 22,819.86 (1,235.76)LT —— Asset Class: Equities MIDDLEBY CORP DEL (MIDD) 11/10/15 2/16/16 171.000 25.000 118.080 84.142 121.510 121.510 20,191.68 2,103.54 20,778.21 3,037.75 586.53 934.21 LT LT Total 196.000 22,295.22 23,815.96 1,520.74 LT —— Asset Class: Equities NATL INSTRUMS CP (NATI) 1/12/15 2/16/16 6/24/16 738.000 145.000 229.000 30.206 27.905 27.325 40.220 40.220 40.220 22,291.67 4,046.17 6,257.31 29,682.36 5,831.90 9,210.38 7,390.69 1,785.73 2,953.07 LT LT LT 6/27/16 37.000 26.030 40.220 963.11 1,488.14 525.03 LT 6/29/16 106.000 26.365 40.220 2,794.72 4,263.32 1,468.60 LT 7/13/16 78.000 28.782 40.220 2,245.00 3,137.16 892.16 ST Total 1,333.000 38,597.98 53,613.26 14,123.12 892.16 LT ST 1,120.00 2.08 Next Dividend Payable 09/2017; Asset Class: Equities NEOGEN CP (NEOG) 1/12/15 2/16/16 177.000 45.000 48.280 48.364 69.110 69.110 8,545.56 2,176.37 12,232.47 3,109.95 3,686.91 933.58 LT LT Total 222.000 10,721.93 15,342.42 4,620.49 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 11.720 11.720 11.720 1,247.93 1,674.29 702.19 1,382.96 1,851.76 785.24 135.03 177.47 83.05 ST ST ST 10/26/16 381.000 10.638 11.720 4,053.04 4,465.32 412.28 ST 10/27/16 53.000 10.590 11.720 561.25 621.16 59.91 ST 10/28/16 47.000 10.620 11.720 499.12 550.84 51.72 ST 10/31/16 87.000 11.066 11.720 962.77 1,019.64 56.87 ST 11/1/16 369.000 11.256 11.720 4,153.39 4,324.68 171.29 ST Total 1,280.000 13,853.98 15,001.60 1,147.62 ST —— 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 46.950 46.950 46.950 20,407.18 2,392.74 44.22 19,953.75 2,582.25 46.95 (453.43) 189.51 2.73 LT LT ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 122 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 481.000 22,844.14 22,582.95 (263.92) 2.73 LT ST 500.00 2.21 Next Dividend Payable 07/2017; Asset Class: Equities PRA GROUP INC (PRAA) 1/12/15 11/30/15 12/1/15 352.000 31.000 49.000 56.302 41.316 40.399 37.900 37.900 37.900 19,818.41 1,280.79 1,979.55 13,340.80 1,174.90 1,857.10 (6,477.61) (105.89) (122.45) LT LT LT 12/2/15 38.000 39.699 37.900 1,508.55 1,440.20 (68.35)LT 12/3/15 19.000 39.319 37.900 747.07 720.10 (26.97)LT 12/7/15 11.000 38.739 37.900 426.13 416.90 (9.23)LT 12/8/15 13.000 38.584 37.900 501.59 492.70 (8.89)LT 12/9/15 44.000 38.640 37.900 1,700.16 1,667.60 (32.56)LT 2/16/16 75.000 27.189 37.900 2,039.17 2,842.50 803.33 LT 12/12/16 177.000 38.067 37.900 6,737.91 6,708.30 (29.61)ST Total 809.000 36,739.33 30,661.10 (6,048.62) (29.61) LT ST —— Asset Class: Equities PROS HLDG INC (PRO) 7/24/15 7/30/15 8/4/15 2.000 43.000 34.000 20.738 21.394 21.316 27.390 27.390 27.390 41.48 919.95 724.76 54.78 1,177.77 931.26 13.30 257.82 206.50 LT LT LT 8/5/15 25.000 21.586 27.390 539.64 684.75 145.11 LT 8/5/15 17.000 21.605 27.390 367.29 465.63 98.34 LT 8/6/15 63.000 21.580 27.390 1,359.54 1,725.57 366.03 LT 8/6/15 43.000 21.630 27.390 930.09 1,177.77 247.68 LT 8/11/15 66.000 21.055 27.390 1,389.65 1,807.74 418.09 LT 8/13/15 31.000 20.457 27.390 634.16 849.09 214.93 LT 8/20/15 49.000 20.601 27.390 1,009.45 1,342.11 332.66 LT 8/24/15 39.000 20.572 27.390 802.30 1,068.21 265.91 LT 8/27/15 31.000 21.069 27.390 653.15 849.09 195.94 LT 2/16/16 75.000 10.597 27.390 794.79 2,054.25 1,259.46 LT 10/21/16 66.000 21.884 27.390 1,444.32 1,807.74 363.42 ST 10/24/16 129.000 22.306 27.390 2,877.42 3,533.31 655.89 ST 10/25/16 62.000 22.142 27.390 1,372.79 1,698.18 325.39 ST 10/26/16 84.000 22.200 27.390 1,864.80 2,300.76 435.96 ST Total 859.000 17,725.58 23,528.01 4,021.77 1,780.66 LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 123 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % PROTO LABS (PRLB) 12/11/14 1/12/15 7/27/15 3.000 260.000 62.000 67.204 62.130 75.326 67.250 67.250 67.250 201.61 16,153.80 4,670.19 201.75 17,485.00 4,169.50 0.14 1,331.20 (500.69) LT LT LT 7/28/15 16.000 72.988 67.250 1,167.81 1,076.00 (91.81)LT 8/4/15 22.000 73.075 67.250 1,607.66 1,479.50 (128.16)LT 2/16/16 55.000 60.511 67.250 3,328.08 3,698.75 370.67 LT Total 418.000 27,129.15 28,110.50 981.35 LT —— Asset Class: Equities RITCHIE BROTHERS AUCTIONEERS (RBA) 1/12/15 2/16/16 5/26/17 662.000 145.000 17.000 26.037 23.097 31.245 28.740 28.740 28.740 17,236.56 3,349.05 531.16 19,025.88 4,167.30 488.58 1,789.32 818.25 (42.58) LT LT ST Total 824.000 21,116.77 23,681.76 2,607.57 (42.58) LT ST 560.00 2.36 Next Dividend Payable 09/2017; Asset Class: Equities ROLLINS INC (ROL) 1/12/15 11/10/15 2/16/16 494.000 135.000 100.000 21.687 26.306 26.904 40.710 40.710 40.710 10,713.52 3,551.26 2,690.37 20,110.74 5,495.85 4,071.00 9,397.22 1,944.59 1,380.63 LT LT LT Total 729.000 16,955.15 29,677.59 12,722.44 LT 335.00 1.12 Next Dividend Payable 09/2017; Asset Class: Equities SNAP-ON INC (SNA) 2/1/17 110.000 180.120 158.000 19,813.20 17,380.00 (2,433.20)ST 312.00 1.79 Next Dividend Payable 09/2017; 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 23.310 23.310 23.310 10,875.57 708.00 283.06 7,855.47 862.47 233.10 (3,020.10) 154.47 (49.96) LT ST ST Total 384.000 11,866.63 8,951.04 (3,020.10) 104.51 LT ST —— Asset Class: Equities ULTIMATE SOFTWARE GP INC (ULTI) 1/12/15 11/10/15 2/16/16 193.000 25.000 35.000 144.503 203.630 160.030 210.060 210.060 210.060 27,889.12 5,090.75 5,601.05 40,541.58 5,251.50 7,352.10 12,652.46 160.75 1,751.05 LT LT LT Total 253.000 38,580.92 53,145.18 14,564.26 LT —— Asset Class: Equities UNITED NATURAL FOODS INC (UNFI) 1/12/15 2/16/16 9/19/16 138.000 55.000 34.000 76.818 35.134 39.319 36.700 36.700 36.700 10,600.86 1,932.39 1,336.86 5,064.60 2,018.50 1,247.80 (5,536.26) 86.11 (89.06) LT LT ST 9/20/16 45.000 38.844 36.700 1,747.98 1,651.50 (96.48)ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 5 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 124 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 10/4/16 26.000 40.075 36.700 1,041.95 954.20 (87.75)ST 10/7/16 30.000 40.341 36.700 1,210.22 1,101.00 (109.22)ST 10/11/16 24.000 40.982 36.700 983.57 880.80 (102.77)ST 10/12/16 141.000 42.658 36.700 6,014.76 5,174.70 (840.06)ST Total 493.000 24,868.59 18,093.10 (5,450.15) (1,325.34) LT ST —— Asset Class: Equities VEEVA SYS INC CL A (VEEV) 12/11/15 12/14/15 12/15/15 49.000 120.000 183.000 26.336 26.653 27.216 61.310 61.310 61.310 1,290.49 3,198.30 4,980.53 3,004.19 7,357.20 11,219.73 1,713.70 4,158.90 6,239.20 LT LT LT 12/16/15 166.000 28.085 61.310 4,662.09 10,177.46 5,515.37 LT 2/16/16 85.000 21.617 61.310 1,837.45 5,211.35 3,373.90 LT 5/26/17 4.000 66.870 61.310 267.48 245.24 (22.24)ST 5/26/17 1.000 66.810 61.310 66.81 61.31 (5.50)ST Total 608.000 16,303.15 37,276.48 21,001.07 (27.74) 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 40.700 40.700 40.700 8,368.86 1,199.43 2,198.57 6,105.00 814.00 1,505.90 (2,263.86) (385.43) (692.67) LT LT LT 7/27/15 25.000 58.101 40.700 1,452.53 1,017.50 (435.03)LT 7/30/15 12.000 57.998 40.700 695.97 488.40 (207.57)LT 7/31/15 31.000 57.850 40.700 1,793.35 1,261.70 (531.65)LT 8/5/15 15.000 58.575 40.700 878.63 610.50 (268.13)LT 2/16/16 40.000 30.967 40.700 1,238.67 1,628.00 389.33 LT 6/24/16 260.000 33.800 40.700 8,788.00 10,582.00 1,794.00 LT 5/26/17 9.000 41.486 40.700 373.37 366.30 (7.07)ST Total 599.000 26,987.38 24,379.30 (2,601.01) (7.07) LT ST —— Asset Class: Equities VERISK ANALYTICS INC COM (VRSK) 11/10/15 2/16/16 4/27/17 280.000 45.000 140.000 70.890 68.167 83.174 84.370 84.370 84.370 19,849.20 3,067.52 11,644.39 23,623.60 3,796.65 11,811.80 3,774.40 729.13 167.41 LT LT ST Total 465.000 34,561.11 39,232.05 4,503.53 167.41 LT ST —— Asset Class: Equities Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 125 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % WABCO HLDGS INC (WBC) 10/18/16 10/19/16 10/20/16 95.000 25.000 65.000 107.013 105.956 100.922 127.510 127.510 127.510 10,166.21 2,648.90 6,559.92 12,113.45 3,187.75 8,288.15 1,947.24 538.85 1,728.23 ST ST ST 5/26/17 1.000 120.230 127.510 120.23 127.51 7.28 ST Total 186.000 19,495.26 23,716.86 4,221.60 ST —— Asset Class: Equities WAGEWORKS INC COM (WAGE) 4/27/17 293.000 74.853 67.200 21,931.84 19,689.60 (2,242.24)ST —— Asset Class: Equities WEST PHARMACEUTICAL SVCS INC (WST) 4/27/17 5/26/17 5/26/17 220.000 1.000 12.000 92.066 96.910 96.925 94.520 94.520 94.520 20,254.50 96.91 1,163.10 20,794.40 94.52 1,134.24 539.90 (2.39) (28.86) ST ST ST Total 233.000 21,514.51 22,023.16 508.65 ST 121.00 0.54 Next Dividend Payable 08/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 99.47%$1,107,468.50 $1,341,636.56 $218,710.91 $15,457.15 LT ST $6,445.00 0.48% Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $1,107,468.50 $1,348,791.79 $218,710.91 $15,457.15 LT ST $6,452.00 $0.00 0.48% TOTAL VALUE (includes accrued interest)100.00%$1,348,791.79 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 $7,155.23 —————— Stocks —$1,341,636.56 ————— TOTAL ALLOCATION OF ASSETS $7,155.23 $1,341,636.56 ————— 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 6 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 126 of 144 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/12 6/15 Sold NATL INSTRUMS CP ACTED AS AGENT 244.000 $38.3444 $9,355.82 6/12 6/15 Sold ULTIMATE SOFTWARE GP INC ACTED AS AGENT 42.000 205.5770 8,634.04 6/12 6/15 Sold COSTAR GROUP INC ACTED AS AGENT 34.000 246.8965 8,394.29 6/12 6/15 Sold GRAND CANYON ED INC COM ACTED AS AGENT 103.000 79.2538 8,162.96 6/12 6/15 Sold HLTH CARE SVC GRP ACTED AS AGENT 149.000 47.8100 7,123.53 6/12 6/15 Sold CHEMED CORPORATION ACTED AS AGENT 33.000 207.9480 6,862.13 6/12 6/15 Sold VERISK ANALYTICS INC COM ACTED AS AGENT 80.000 81.2977 6,503.67 6/12 6/15 Sold ATHENAHEALTH INC COM ACTED AS AGENT 46.000 140.1190 6,445.32 6/12 6/15 Sold ANSYS INC ACTED AS AGENT 53.000 121.2900 6,428.22 6/12 6/15 Sold VEEVA SYS INC CL A ACTED AS AGENT 107.000 59.7597 6,394.15 6/12 6/15 Sold FASTENAL CO ACTED AS AGENT 143.000 43.9450 6,284.00 6/12 6/15 Sold HEICO CORP NEW ACTED AS AGENT 82.000 72.4320 5,939.29 6/12 6/15 Sold FIVE BELOW ACTED AS AGENT 105.000 51.1870 5,374.52 6/12 6/15 Sold PRA GROUP INC ACTED AS AGENT 143.000 37.3750 5,344.51 6/12 6/15 Sold ROLLINS INC ACTED AS AGENT 125.000 42.6601 5,332.39 6/12 6/15 Sold IHS MARKIT LTD ACTED AS AGENT 111.000 46.1450 5,121.98 6/12 6/15 Sold PROTO LABS ACTED AS AGENT 77.000 64.4000 4,958.69 6/12 6/15 Sold ACUITY BRANDS INC ACTED AS AGENT 26.000 183.1150 4,760.88 6/12 6/15 Sold LKQ CORPORATION ACTED AS AGENT 146.000 32.1720 4,697.00 6/12 6/15 Sold MIDDLEBY CORP DEL ACTED AS AGENT 34.000 130.5400 4,438.26 6/12 6/15 Sold RITCHIE BROTHERS AUCTIONEERS ACTED AS AGENT 135.000 32.2072 4,347.87 6/12 6/15 Sold BIO-TECHNE CORP ACTED AS AGENT 38.000 110.4720 4,197.84 6/12 6/15 Sold ELLIE MAE INC ACTED AS AGENT 38.000 106.7001 4,054.51 6/12 6/15 Sold MAXIMUS INC ACTED AS AGENT 60.000 64.0176 3,840.97 6/12 6/15 Sold PROS HLDG INC ACTED AS AGENT 139.000 27.2587 3,788.87 6/12 6/15 Sold COGNEX CORP ACTED AS AGENT 42.000 89.5456 3,760.83 6/12 6/15 Sold MEDNAX INC ACTED AS AGENT 62.000 57.3500 3,555.62 6/12 6/15 Sold WEST PHARMACEUTICAL SVCS INC ACTED AS AGENT 37.000 95.7764 3,543.65 6/12 6/15 Sold DORMAN PRODUCTS, INC ACTED AS AGENT 43.000 80.8852 3,477.98 6/12 6/15 Sold UNITED NATURAL FOODS INC ACTED AS AGENT 83.000 41.1200 3,412.88 6/12 6/15 Sold HENRY SCHEIN INC ACTED AS AGENT 3.000 183.3590 550.06 6/13 6/16 Bought EVOLENT HEALTH INC CL A ACTED AS AGENT 112.000 25.3167 (2,835.47) 6/14 6/19 Bought ALARM COM HLDGS INC COM ACTED AS AGENT 103.000 35.7387 (3,681.09) 6/14 6/19 Bought EVOLENT HEALTH INC CL A ACTED AS AGENT 16.000 26.4332 (422.93) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $158,147.24 TOTAL PURCHASES $(6,939.49) TOTAL SALES AND REDEMPTIONS $165,086.73 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 127 of 144 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/2 Qualified Dividend BIO-TECHNE CORP $84.48 6/5 Qualified Dividend NATL INSTRUMS CP 331.17 6/9 Qualified Dividend ROLLINS INC 98.21 6/9 Qualified Dividend SNAP-ON INC 78.10 6/13 Qualified Dividend RITCHIE BROTHERS AUCTIONEERS 136.12 6/13 Dividend RITCHIE BROTHERS AUCTIONEERS ADJ GROSS DIV AMOUNT 24.02 FOREIGN TAX PAID IS 24.02 0.00 6/14 Qualified Dividend CHEMED CORPORATION 59.80 6/15 Interest Income MORGAN STANLEY PRIVATE BANK NA 0.24 6/16 Qualified Dividend COGNEX CORP 22.36 6/23 Qualified Dividend HLTH CARE SVC GRP 191.06 6/30 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 06/01-06/30) 0.05 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $1,001.59 TOTAL QUALIFIED DIVIDENDS $1,001.30 TOTAL INTEREST $0.29 CASH RELATED ACTIVITY ELECTRONIC TRANSFERS Check disbursements from branch offices are displayed as Electronic Transfers. Activity Date Activity Type Description Comments Credits/(Debits) 6/15 Cash Transfer - Debit FUNDS TRANSFERRED CONFIRMATION # 72000394 TO 660-110179 $(216,000.00) TOTAL ELECTRONIC TRANSFERS $(216,000.00) TOTAL ELECTRONIC TRANSFERS-DEBITS $(216,000.00) OTHER CREDITS AND DEBITS Activity Date Activity Type Description Comments Credits/(Debits) 6/16 Service Fee Adj DEPOSIT/WITHDRAWAL ADJ $61.54 TOTAL OTHER CREDITS AND DEBITS $61.54 TOTAL OTHER DEBITS $61.54 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/2 Automatic Investment BANK DEPOSIT PROGRAM $28,913.89 6/5 Automatic Investment BANK DEPOSIT PROGRAM 331.17 6/9 Automatic Investment BANK DEPOSIT PROGRAM 176.31 6/13 Automatic Investment BANK DEPOSIT PROGRAM 136.12 6/14 Automatic Investment BANK DEPOSIT PROGRAM 59.80 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 7 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 128 of 144 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 6/15 Automatic Redemption BANK DEPOSIT PROGRAM (64,732.74) 6/16 Automatic Investment BANK DEPOSIT PROGRAM 11,006.60 6/19 Automatic Redemption BANK DEPOSIT PROGRAM (4,042.48) 6/23 Automatic Investment BANK DEPOSIT PROGRAM 191.06 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.05 NET ACTIVITY FOR PERIOD $(27,960.22) 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 ACUITY BRANDS INC 11/10/15 06/12/17 26.000 $4,760.88 $5,484.94 $(724.06) ANSYS INC 11/10/15 06/12/17 53.000 6,428.22 4,888.19 1,540.03 ATHENAHEALTH INC COM 01/12/15 06/12/17 46.000 6,445.32 6,421.14 24.18 BIO-TECHNE CORP 10/17/14 06/12/17 38.000 4,197.84 3,455.34 742.50 CHEMED CORPORATION 10/17/14 06/12/17 33.000 6,862.13 3,270.47 3,591.66 COGNEX CORP 11/10/15 06/12/17 42.000 3,760.83 1,508.62 2,252.21 COSTAR GROUP INC 10/17/14 06/12/17 34.000 8,394.29 4,868.12 3,526.17 DORMAN PRODUCTS, INC 01/12/15 06/12/17 26.000 2,102.96 1,229.40 873.56 07/24/15 06/12/17 17.000 1,375.02 816.10 558.92 FASTENAL CO 11/10/15 06/12/17 143.000 6,284.00 5,826.78 457.22 FIVE BELOW 10/17/14 06/12/17 105.000 5,374.52 4,084.05 1,290.47 GRAND CANYON ED INC COM 01/12/15 06/12/17 103.000 8,162.96 4,533.53 3,629.43 HEICO CORP NEW 04/17/15 06/12/17 18.000 1,303.75 887.60 416.15 04/30/15 06/12/17 64.000 4,635.54 2,876.06 1,759.48 HENRY SCHEIN INC 12/11/15 06/12/17 3.000 550.06 459.21 90.85 HLTH CARE SVC GRP 10/17/14 06/12/17 99.000 4,733.08 2,702.07 2,031.01 01/12/15 06/12/17 50.000 2,390.45 1,522.36 868.09 LKQ CORPORATION 11/10/15 06/12/17 146.000 4,697.00 4,385.07 311.93 MAXIMUS INC 01/12/15 06/12/17 60.000 3,840.97 3,227.73 613.24 MEDNAX INC 10/17/14 06/12/17 62.000 3,555.62 3,273.09 282.53 MIDDLEBY CORP DEL 11/10/15 06/12/17 34.000 4,438.26 4,014.72 423.54 NATL INSTRUMS CP 10/17/14 06/12/17 232.000 8,895.70 6,630.56 2,265.14 01/12/15 06/12/17 12.000 460.12 362.47 97.65 PRA GROUP INC 10/17/14 06/12/17 130.000 4,858.65 7,682.13 (2,823.48) 01/12/15 06/12/17 13.000 485.86 731.93 (246.07) PROS HLDG INC 07/23/15 06/12/17 45.000 1,226.61 927.45 299.16 07/24/15 06/12/17 94.000 2,562.26 1,949.37 612.89 PROTO LABS 10/17/14 06/12/17 15.000 965.98 1,039.91 (73.93) Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 129 of 144 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments 12/11/14 06/12/17 62.000 3,992.71 4,166.68 (173.97) RITCHIE BROTHERS AUCTIONEERS 01/12/15 06/12/17 135.000 4,347.87 3,515.01 832.86 ROLLINS INC 01/12/15 06/12/17 125.000 5,332.39 2,710.91 2,621.48 ULTIMATE SOFTWARE GP INC 10/17/14 06/12/17 35.000 7,195.03 4,730.95 2,464.08 01/12/15 06/12/17 7.000 1,439.01 1,011.52 427.49 UNITED NATURAL FOODS INC 01/12/15 06/12/17 83.000 3,412.88 6,375.88 (2,963.00) VEEVA SYS INC CL A 12/11/15 06/12/17 107.000 6,394.15 2,818.00 3,576.15 VERISK ANALYTICS INC COM 11/10/15 06/12/17 80.000 6,503.67 5,671.20 832.47 Long-Term This Period $152,366.59 $120,058.56 $32,308.03 Long-Term Year to Date $262,487.11 $231,164.82 $31,322.29 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ELLIE MAE INC 12/01/16 06/12/17 38.000 4,054.51 3,039.97 1,014.54 IHS MARKIT LTD 07/13/16 06/12/17 111.000 5,121.98 3,649.68 1,472.30 WEST PHARMACEUTICAL SVCS INC 04/27/17 06/12/17 37.000 3,543.65 3,406.44 137.21 Short-Term This Period $12,720.14 $10,096.09 $2,624.05 Short-Term Year to Date $38,473.07 $23,290.79 $15,182.28 Net Realized Gain/(Loss) This Period $165,086.73 $130,154.65 $34,932.08 Net Realized Gain/(Loss) Year to Date $300,960.18 $254,455.61 $46,504.57 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 8 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110145-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 130 of 144 Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Select UMA Active Assets Account 660-110222-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) TOTAL BEGINNING VALUE $1,025,900.19 $842,833.69 Credits —— Debits —(2,574.63) Security Transfers —— Net Credits/Debits/Transfers —$(2,574.63) Change in Value 17,573.33 203,214.46 TOTAL ENDING VALUE $1,043,473.52 $1,043,473.52 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period June 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 0.7 1 1.3 1.6 1.9 2.2 ($ ) 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 131 of 144 ASSET ALLOCATION (includes accrued interest) Cash Equities Market Value Percentage Cash $5,579.94 0.53 Equities 1,037,893.58 99.47 TOTAL VALUE $1,043,473.52 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 6 9 Account Summary CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 132 of 144 BALANCE SHEET (^ includes accrued interest) Last Period (as of 5/31/17) This Period (as of 6/30/17) Cash, BDP, MMFs $25,287.79 $5,579.94 Stocks 982,270.67 1,037,893.58 Net Unsettled Purchases/Sales 18,341.73 — Total Assets $1,025,900.19 $1,043,473.52 Total Liabilities (outstanding balance)—— TOTAL VALUE $1,025,900.19 $1,043,473.52 CASH FLOW This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) OPENING CASH, BDP, MMFs $25,287.79 $4,698.79 Purchases (44,837.29)(207,856.58) Sales and Redemptions 6,450.87 201,437.06 Prior Net Unsettled Purch/Sales 18,341.73 N/A 2016 Net Unsettled Purch/Sales N/A 6,622.46 Income and Distributions 336.84 3,252.84 Total Investment Related Activity $(19,707.85)$3,455.78 Other Debits —(2,574.63) Total Cash Related Activity —$(2,574.63) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $5,579.94 $5,579.94 INCOME AND DISTRIBUTION SUMMARY This Period (6/1/17-6/30/17) This Year (1/1/17-6/30/17) Qualified Dividends $336.67 $3,251.88 Interest 0.17 0.96 Total Taxable Income And Distributions $336.84 $3,252.84 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $336.84 $3,252.84 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 (6/1/17-6/30/17) Realized This Year (1/1/17-6/30/17) Unrealized Inception to Date (as of 6/30/17) Short-Term Gain $257.61 $4,245.65 $34,879.21 Short-Term (Loss)—(3,631.12)(11,549.29) Total Short-Term $257.61 $614.53 $23,329.92 Long-Term Gain 2,466.76 38,066.81 165,909.97 Long-Term (Loss)—(2,470.76)(29,673.99) Total Long-Term $2,466.76 $35,596.05 $136,235.98 TOTAL GAIN/(LOSS)$2,724.37 $36,210.58 $159,565.90 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 June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 133 of 144 ADVISORY ACCOUNT REVIEW (as of 06/30/17) Below is important information about your advisory account. Confirm that the information is consistent with your understanding of the details of the account and contact your Advisor if you have questions or updates. The disclosure documents for our investment advisory services relating to the specific advisory program(s) you participate in can be found at morganstanley.com/adv. Advisory Program: Select UMA Advisory Account Inception Date: 03/12/10 Current Morgan Stanley Advisory Effective Fee Rate For This Account*: 0.52% Last Advisory Trade: 06/19/17 Account Holder Votes Proxy +: No Investment Objectives:(1) Capital Appreciation; (2) Income Account Risk Tolerance:Aggressive Primary Financial Need:Wealth Accumulation Investment Time Horizon:Over 20 years Liquidity Needs:Over 20 years Restrictions: None If you currently have a Single Advisory Contract on file with Morgan Stanley, you can open other advisory accounts or make changes to this advisory account through discussions with your Advisor. If you open a new advisory account or make changes to this advisory account, the terms of the new account or changes will be confirmed back to you in writing. *This Advisory Fee Rate is effective as of the date referenced above and is based upon the last posted quarterly or inception fee for this account. The fee rate is blended. This means that as the value of account assets reaches certain breakpoints, the incremental assets above each threshold are charged the applicable rate, as referenced in your fee schedule. The effective fee rate for the account as a whole is then a weighted average of the scheduled rates, and may change with the account asset level. There may be additional fees or expenses that you may incur depending on the investment products in your account. Please review the applicable investment advisory agreement and Form ADV Brochure for additional information. +The account holder has delegated the authority to vote proxies for the account to Morgan Stanley, an affiliate, or a third party portfolio manager, as applicable and if available in the advisory program. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 0 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 Investment Objectives †: Capital Appreciation,Income Investment Advisory Account Manager:Columbia Mgmt - Select LC Grwth CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 134 of 144 † 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 #$5,579.94 —$6.00 0.100 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 0.53%$5,579.94 $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. 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 $57.570 57.570 $20,037.98 3,741.04 $29,706.12 4,951.02 $9,668.14 1,209.98 LT ST Total 602.000 23,779.02 34,657.14 9,668.14 1,209.98 LT ST 181.00 0.52 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 21.000 209.685 191.398 200.784 203.280 203.280 203.280 10,274.59 3,636.57 4,216.47 9,960.72 3,862.32 4,268.88 (313.87) 225.75 52.41 LT LT ST Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 135 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 3/21/17 11.000 206.038 203.280 2,266.42 2,236.08 (30.34)ST 5/9/17 7.000 190.989 203.280 1,336.92 1,422.96 86.04 ST Total 107.000 21,730.97 21,750.96 (88.12) 108.11 LT ST 56.00 0.25 Next Dividend Payable 08/2017; Asset Class: Equities ADOBE SYSTEMS (ADBE) 9/8/15 2/17/16 194.000 22.000 78.832 80.362 141.440 141.440 15,293.35 1,767.96 27,439.36 3,111.68 12,146.01 1,343.72 LT LT Total 216.000 17,061.31 30,551.04 13,489.73 LT —— Asset Class: Equities ALEXION PHARM INC (ALXN) 5/6/15 6/12/15 9/24/15 33.000 98.000 47.000 152.351 172.310 155.894 121.670 121.670 121.670 5,027.59 16,886.37 7,327.01 4,015.11 11,923.66 5,718.49 (1,012.48) (4,962.71) (1,608.52) LT LT LT 9/30/15 5.000 153.342 121.670 766.71 608.35 (158.36)LT 2/17/16 28.000 145.470 121.670 4,073.17 3,406.76 (666.41)LT 4/3/17 4.000 119.583 121.670 478.33 486.68 8.35 ST 5/24/17 58.000 100.568 121.670 5,832.97 7,056.86 1,223.89 ST Total 273.000 40,392.15 33,215.91 (8,408.48) 1,232.24 LT ST —— Asset Class: Equities ALIBABA GROUP HLDG LTD (BABA) 2/17/16 2/19/16 12.000 241.000 66.600 67.274 140.900 140.900 799.20 16,213.15 1,690.80 33,956.90 891.60 17,743.75 LT LT Total 253.000 17,012.35 35,647.70 18,635.35 LT —— Asset Class: Equities AMAZON COM INC (AMZN) 9/4/15 2/17/16 4/4/16 13.000 11.000 19.000 497.298 528.230 592.554 968.000 968.000 968.000 6,464.87 5,810.53 11,258.52 12,584.00 10,648.00 18,392.00 6,119.13 4,837.47 7,133.48 LT LT LT 4/6/17 2.000 903.855 968.000 1,807.71 1,936.00 128.29 ST Total 45.000 25,341.63 43,560.00 18,090.08 128.29 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 55.720 55.720 55.720 18,260.25 2,052.26 5,918.54 15,545.88 1,671.60 4,959.08 (2,714.37) (380.66) (959.46) LT LT LT H 9/30/15 104.000 59.285 55.720 6,165.69 5,794.88 (370.81)LT 8/9/16 45.000 61.938 55.720 2,787.22 2,507.40 (279.82)ST 8/15/16 64.000 60.549 55.720 3,875.14 3,566.08 (309.06)ST 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 1 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 136 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 9/7/16 66.000 56.806 55.720 3,749.22 3,677.52 (71.70)ST 4/3/17 7.000 54.173 55.720 379.21 390.04 10.83 ST Total 684.000 43,187.53 38,112.48 (4,425.30) (649.75) LT ST 1,067.00 2.79 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 57.000 117.677 116.533 105.400 129.870 129.870 129.870 6,236.87 17,479.97 6,007.79 6,883.11 19,480.50 7,402.59 646.24 2,000.53 1,394.80 LT LT LT 11/11/16 30.000 119.493 129.870 3,584.78 3,896.10 311.32 ST 4/3/17 4.000 124.573 129.870 498.29 519.48 21.19 ST Total 294.000 33,807.70 38,181.78 4,041.57 332.51 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 42.960 42.960 42.960 8,547.07 3,159.93 4,629.80 13,231.68 5,241.12 7,560.96 4,684.61 2,081.19 2,931.16 LT ST ST H 3/30/17 109.000 40.917 42.960 4,459.90 4,682.64 222.74 ST Total 715.000 20,796.70 30,716.40 4,684.61 5,235.09 LT ST 229.00 0.74 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 84.900 84.900 9,661.06 5,030.20 9,678.60 4,839.30 17.54 (190.90) ST ST Total 171.000 14,691.26 14,517.90 (173.36)ST 58.00 0.39 Next Dividend Payable 09/2017; Asset Class: Equities COSTCO WHOLESALE CORP NEW (COST) 11/11/16 3/6/17 3/17/17 104.000 18.000 15.000 148.564 166.708 167.945 159.930 159.930 159.930 15,450.69 3,000.75 2,519.18 16,632.72 2,878.74 2,398.95 1,182.03 (122.01) (120.23) ST ST ST 4/3/17 1.000 166.630 159.930 166.63 159.93 (6.70)ST 6/19/17 20.000 164.589 159.930 3,291.78 3,198.60 (93.18)ST Total 158.000 24,429.03 25,268.94 839.91 ST 316.00 1.25 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 73.150 73.150 73.150 11,440.73 3,139.99 3,817.15 10,021.55 3,730.65 4,242.70 (1,419.18) 590.66 425.55 LT LT ST 4/3/17 1.000 83.240 73.150 83.24 73.15 (10.09)ST 5/5/17 83.000 77.350 73.150 6,420.08 6,071.45 (348.63)ST Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 137 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % Total 330.000 24,901.19 24,139.50 (828.52) 66.83 LT ST —— Asset Class: Equities DOMINOS PIZZA INC (DPZ) 2/23/17 3/21/17 95.000 15.000 184.263 184.937 211.530 211.530 17,504.98 2,774.05 20,095.35 3,172.95 2,590.37 398.90 ST ST Total 110.000 20,279.03 23,268.30 2,989.27 ST 202.00 0.86 Next Dividend Payable 09/2017; 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 91.676 118.240 118.240 118.240 17,427.65 3,253.51 1,558.49 19,273.12 4,020.16 2,010.08 1,845.47 766.65 451.59 LT ST ST 3/2/17 55.000 93.403 118.240 5,137.17 6,503.20 1,366.03 ST 4/3/17 1.000 94.380 118.240 94.38 118.24 23.86 ST Total 270.000 27,471.20 31,924.80 1,845.47 2,608.13 LT ST —— Asset Class: Equities FACEBOOK INC CL-A (FB) 8/31/15 279.000 90.658 150.980 25,293.53 42,123.42 16,829.89 LT —— Asset Class: Equities ILLUMINA INC (ILMN) 9/4/15 1/4/16 2/17/16 75.000 34.000 47.000 193.160 182.651 153.700 173.520 173.520 173.520 14,487.00 6,210.12 7,223.90 13,014.00 5,899.68 8,155.44 (1,473.00) (310.44) 931.54 LT LT LT 11/11/16 15.000 139.419 173.520 2,091.28 2,602.80 511.52 ST 4/3/17 1.000 170.280 173.520 170.28 173.52 3.24 ST Total 172.000 30,182.58 29,845.44 (851.90) 514.76 LT ST —— Asset Class: Equities INTERCEPT PHARMACEUTICALS INC (ICPT) 6/19/15 8/26/15 12/21/15 59.000 1.000 32.000 256.817 173.500 162.030 121.070 121.070 121.070 15,152.19 173.50 5,184.98 7,143.13 121.07 3,874.24 (8,009.06) (52.43) (1,310.74) LT LT LT H H 2/17/16 38.000 121.380 121.070 4,612.44 4,600.66 (11.78)LT 6/3/16 52.000 171.365 121.070 8,910.99 6,295.64 (2,615.35)LT 11/11/16 27.000 110.272 121.070 2,977.35 3,268.89 291.54 ST 4/3/17 3.000 113.173 121.070 339.52 363.21 23.69 ST Total 212.000 37,350.97 25,666.84 (11,999.36) 315.23 LT ST —— Basis Adjustment Due to Wash Sale: $6,785.57; Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 2 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 138 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % INTERCONTINENTALEXCHANGE GROUP (ICE) 9/10/15 2/17/16 5/3/16 177.000 115.000 95.000 47.147 48.439 48.132 65.920 65.920 65.920 8,344.96 5,570.44 4,572.55 11,667.84 7,580.80 6,262.40 3,322.88 2,010.36 1,689.85 LT LT LT 3/20/17 80.000 61.314 65.920 4,905.10 5,273.60 368.50 ST Total 467.000 23,393.05 30,784.64 7,023.09 368.50 LT ST 374.00 1.21 Next Dividend Payable 09/2017; Asset Class: Equities MERCADOLIBRE INC (MELI) 9/3/15 2/17/16 18.000 59.000 112.215 97.848 250.880 250.880 2,019.88 5,773.06 4,515.84 14,801.92 2,495.96 9,028.86 LT LT Total 77.000 7,792.94 19,317.76 11,524.82 LT 46.00 0.23 Next Dividend Payable 07/17/17; 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 49.680 49.680 49.680 9,151.19 6,535.91 10,410.86 10,283.76 7,750.08 11,774.16 1,132.57 1,214.17 1,363.30 LT LT LT 4/3/17 1.000 45.620 49.680 45.62 49.68 4.06 ST Total 601.000 26,143.58 29,857.68 3,710.04 4.06 LT ST —— Asset Class: Equities NEW ORIENTAL ED & TECH GRP ADR (EDU) 6/5/17 6/6/17 6/7/17 163.000 27.000 83.000 74.408 75.965 78.362 70.490 70.490 70.490 12,128.54 2,051.06 6,504.06 11,489.87 1,903.23 5,850.67 (638.67) (147.83) (653.39) ST ST ST Total 273.000 20,683.66 19,243.77 (1,439.89)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 59.000 59.000 59.000 4,016.45 6,246.79 10,415.55 4,897.00 6,431.00 10,266.00 880.55 184.21 (149.55) LT LT LT 5/23/16 229.000 56.358 59.000 12,905.87 13,511.00 605.13 LT 9/28/16 66.000 53.542 59.000 3,533.76 3,894.00 360.24 ST 4/3/17 4.000 55.435 59.000 221.74 236.00 14.26 ST Total 665.000 37,340.16 39,235.00 1,520.34 374.50 LT ST 479.00 1.22 Next Dividend Payable 07/05/17; Asset Class: Equities NVIDIA CORPORATION (NVDA) 12/1/16 12/28/16 1/26/17 18.000 67.000 72.000 89.363 109.862 108.762 144.560 144.560 144.560 1,608.54 7,360.75 7,830.88 2,602.08 9,685.52 10,408.32 993.54 2,324.77 2,577.44 ST ST ST 2/24/17 49.000 98.826 144.560 4,842.48 7,083.44 2,240.96 ST Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 139 of 144 Security Description Trade Date Quantity Unit Cost Share Price Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % 3/17/17 45.000 104.826 144.560 4,717.16 6,505.20 1,788.04 ST 4/12/17 29.000 98.367 144.560 2,852.63 4,192.24 1,339.61 ST Total 280.000 29,212.44 40,476.80 11,264.36 ST 157.00 0.38 Next Dividend Payable 09/2017; Asset Class: Equities PIONEER NATURAL RESOURCES CO (PXD) 4/10/17 5/18/17 101.000 43.000 192.255 173.205 159.580 159.580 19,417.77 7,447.81 16,117.58 6,861.94 (3,300.19) (585.87) ST ST Total 144.000 26,865.58 22,979.52 (3,886.06)ST 12.00 0.05 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 1,870.520 1,870.520 22,141.50 2,461.72 37,410.40 3,741.04 15,268.90 1,279.32 LT LT Total 22.000 24,603.22 41,151.44 16,548.22 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 86.600 86.600 86.600 13,702.96 6,369.06 4,127.89 18,792.20 7,534.20 5,022.80 5,089.24 1,165.14 894.91 LT ST ST Total 362.000 24,199.91 31,349.20 5,089.24 2,060.05 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 77.332 106.000 106.000 106.000 650.76 4,762.48 14,151.68 1,272.00 9,222.00 19,398.00 621.24 4,459.52 5,246.32 LT LT LT Total 282.000 19,564.92 29,892.00 10,327.08 LT —— Asset Class: Equities SHIRE PLC ADR (SHPG) 9/6/16 9/21/16 4/3/17 72.000 28.000 2.000 194.309 204.636 173.815 165.270 165.270 165.270 13,990.24 5,729.82 347.63 11,899.44 4,627.56 330.54 (2,090.80) (1,102.26) (17.09) ST ST ST 5/5/17 26.000 181.022 165.270 4,706.56 4,297.02 (409.54)ST Total 128.000 24,774.25 21,154.56 (3,619.69)ST 116.00 0.54 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 56.890 56.890 56.890 7,924.52 11,341.31 4,940.15 7,225.03 10,865.99 8,249.05 (699.49) (475.32) 3,308.90 LT LT LT Total 463.000 24,205.98 26,340.07 2,134.09 LT —— Asset Class: Equities 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 3 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 140 of 144 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 58.310 58.310 58.310 17,859.18 7,250.29 4,538.87 18,367.65 7,288.75 4,723.11 508.47 38.46 184.24 ST ST ST 10/11/16 95.000 52.862 58.310 5,021.85 5,539.45 517.60 ST Total 616.000 34,670.19 35,918.96 1,248.77 ST 616.00 1.71 Next Dividend Payable 08/2017; Asset Class: Equities TRACTOR SUPPLY CO (TSCO) 6/9/17 366.000 57.000 54.210 20,861.85 19,840.86 (1,020.99)ST 395.00 1.99 Next Dividend Payable 09/2017; Asset Class: Equities ULTA BEAUTY INC (ULTA) 11/23/16 1/31/17 4/4/17 29.000 24.000 15.000 262.418 268.025 283.195 287.340 287.340 287.340 7,610.13 6,432.60 4,247.93 8,332.86 6,896.16 4,310.10 722.73 463.56 62.17 ST ST ST Total 68.000 18,290.66 19,539.12 1,248.46 ST —— Asset Class: Equities UNITEDHEALTH GP INC (UNH) 3/20/17 3/22/17 57.000 57.000 169.058 167.210 185.420 185.420 9,636.29 9,530.98 10,568.94 10,568.94 932.65 1,037.96 ST ST Total 114.000 19,167.27 21,137.88 1,970.61 ST 342.00 1.61 Next Dividend Payable 09/2017; Asset Class: Equities VERTEX PHARMACEUTICALS (VRTX) 3/12/15 8/26/15 9/24/15 13.000 23.000 66.000 123.046 123.464 109.640 128.870 128.870 128.870 1,599.59 2,839.67 7,236.25 1,675.31 2,964.01 8,505.42 75.72 124.34 1,269.17 LT LT LT 9/29/15 5.000 100.484 128.870 502.42 644.35 141.93 LT 2/17/16 70.000 86.611 128.870 6,062.78 9,020.90 2,958.12 LT 2/19/16 33.000 87.377 128.870 2,883.45 4,252.71 1,369.26 LT 5/4/16 85.000 81.020 128.870 6,886.72 10,953.95 4,067.23 LT Total 295.000 28,010.88 38,016.65 10,005.77 LT —— Asset Class: Equities VISA INC CL A (V) 6/26/15 304.000 68.549 93.780 20,838.99 28,509.12 7,670.13 LT 201.00 0.70 Next Dividend Payable 09/2017; Asset Class: Equities Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss)Est Ann Income Current Yield % STOCKS 99.47%$878,327.68 $1,037,893.58 $136,235.98 $23,329.92 LT ST $4,847.00 0.47% Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 141 of 144 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL MARKET VALUE $878,327.68 $1,043,473.52 $136,235.98 $23,329.92 LT ST $4,853.00 $0.00 0.46% TOTAL VALUE (includes accrued interest)100.00%$1,043,473.52 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 $5,579.94 —————— Stocks —$1,037,893.58 ————— TOTAL ALLOCATION OF ASSETS $5,579.94 $1,037,893.58 ————— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 6/1 6/6 Sold DOMINOS PIZZA INC ACTED AS AGENT 9.000 $212.8927 $1,915.98 6/1 6/6 Sold ADOBE SYSTEMS ACTED AS AGENT 12.000 141.0501 1,692.56 6/5 6/8 Bought NEW ORIENTAL ED & TECH GRP ADR ACTED AS AGENT 163.000 74.4082 (12,128.54) 6/6 6/9 Bought NEW ORIENTAL ED & TECH GRP ADR ACTED AS AGENT 27.000 75.9651 (2,051.06) 6/7 6/12 Sold MERCADOLIBRE INC ACTED AS AGENT 10.000 284.2398 2,842.33 6/7 6/12 Bought NEW ORIENTAL ED & TECH GRP ADR ACTED AS AGENT 83.000 78.3622 (6,504.06) 6/9 6/14 Bought TRACTOR SUPPLY CO ACTED AS AGENT 366.000 56.9996 (20,861.85) 6/19 6/22 Bought COSTCO WHOLESALE CORP NEW ACTED AS AGENT 20.000 164.5888 (3,291.78) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(38,386.42) TOTAL PURCHASES $(44,837.29) TOTAL SALES AND REDEMPTIONS $6,450.87 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 4 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 142 of 144 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 6/6 Qualified Dividend VISA INC CL A $52.31 6/14 Qualified Dividend NVIDIA CORPORATION 40.32 6/16 Qualified Dividend COGNEX CORP 14.54 6/27 Qualified Dividend UNITEDHEALTH GP INC 85.50 6/30 Qualified Dividend INTERCONTINENTALEXCHANGE GROUP 93.40 6/30 Qualified Dividend DOMINOS PIZZA INC 50.60 6/30 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 06/01-06/30) 0.17 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $336.84 TOTAL QUALIFIED DIVIDENDS $336.67 TOTAL INTEREST $0.17 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 6/1 Automatic Investment BANK DEPOSIT PROGRAM $5,648.66 6/5 Automatic Investment BANK DEPOSIT PROGRAM 15,353.72 6/6 Automatic Investment BANK DEPOSIT PROGRAM 3,040.32 6/7 Automatic Investment BANK DEPOSIT PROGRAM 3,608.54 6/8 Automatic Redemption BANK DEPOSIT PROGRAM (12,128.54) 6/9 Automatic Redemption BANK DEPOSIT PROGRAM (2,051.06) 6/12 Automatic Redemption BANK DEPOSIT PROGRAM (3,661.73) 6/14 Automatic Redemption BANK DEPOSIT PROGRAM (20,821.53) 6/16 Automatic Investment BANK DEPOSIT PROGRAM 14.54 6/22 Automatic Redemption BANK DEPOSIT PROGRAM (3,291.78) 6/27 Automatic Investment BANK DEPOSIT PROGRAM 85.50 6/30 Automatic Investment BANK DEPOSIT PROGRAM 144.00 6/30 Automatic Investment BANK DEPOSIT PROGRAM 0.17 NET ACTIVITY FOR PERIOD $(14,059.19) 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 06/01/17 12.000 $1,692.56 $945.98 $746.58 MERCADOLIBRE INC 09/03/15 06/07/17 10.000 2,842.33 1,122.15 1,720.18 Long-Term This Period $4,534.89 $2,068.13 $2,466.76 Account Detail CLIENT STATEMENT For the Period June 1-30, 2017 Select UMA Active Assets Account 660-110222-095 CITY OF ATLANTIC BEACH GENERAL EMPLOYEES RETIREMENT SYSTEM Page 143 of 144 LONG-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments Long-Term Year to Date $142,663.89 $107,067.84 $35,596.05 SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments DOMINOS PIZZA INC 02/23/17 06/01/17 9.000 1,915.98 1,658.37 257.61 Short-Term This Period $1,915.98 $1,658.37 $257.61 Short-Term Year to Date $58,773.17 $58,158.64 $614.53 Net Realized Gain/(Loss) This Period $6,450.87 $3,726.50 $2,724.37 Net Realized Gain/(Loss) Year to Date $201,437.06 $165,226.48 $36,210.58 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. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. Sign up for eDelivery of your Account Documents Today Receiving documents through eDelivery is secure, convenient, green and may even help you save on annual account fees. Accounts enrolled in eDelivery of all eligible account documents for every account within an Account Link Group may qualify for a reduced annual fee. Contact your Financial Advisor or Private Wealth Advisor for additional details regarding annual account fees. Simply visit www.morganstanley.com/edelivery to set your eDelivery preferences today. Please note, if you have not already done so, you will first need to register for Morgan Stanley Online prior to making your eDelivery selections. Firm Discretion Select UMA CGCM Target Date Model Available in Non-Retirement Accounts Beginning on or about August 14, 2017, the CGCM Target Date Model will be available in the Firm Discretion Select UMA program to clients that are not retirement plans. This Model is currently available only to clients that are retirement plans. Clients that select the CGCM Target Date Model will be able to select from several Firm Discretion portfolios that Morgan Stanley will select (and change from time to time) based on various targeted retirement dates. If a client makes this selection, Morgan Stanley will restrict selection of investment products to Consulting Group Capital Markets Funds mutual funds (which are affiliated with Morgan Stanley), except that the Sweep Investment will not be a Consulting Group Capital Markets Funds mutual fund. Morgan Stanley may prohibit accounts that have selected a CGCM Target Date Model from changing to a model that is not a CGCM Target Date Model, without adjusting the fee. Important Information About Advisory Accounts Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment Advisory accounts, or to reasonably modify existing restrictions. For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs. 00 0 2 6 4 M S A D S 2 3 1 0 1 7 9 7 5 This page intentionally left blank Page 144 of 144