05 - February 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 2/28/17)
Includes Accrued Interest
$16,139,645.92
CLIENT STATEMENT For the Period February 1-28, 2017
660 - 110000 - 095 -1 - 0
STATEMENT PACKAGE FOR:
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
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
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Standard Disclosures
CLIENT STATEMENT For the Period February 1-28, 2017 Page 2 of 20
The following Disclosures are applicable to the enclosed statement(s).
Expanded Disclosures are attached to your most recent June and
December statement (or your first Statement if you have not received a
statement for those months). The Expanded Disclosures are also
available by selecting Account Documents when you log on to
www.morganstanley.com/online or, call 800-869-3326.
Questions?
Questions regarding your account may be directed to your Financial
Advisor or the Branch Manager of the office where you maintain your
account, using the contact information on the statement cover page, or
the Client Service Center at (800) 869-3326.
Errors and Inquiries
Be sure to review your statement promptly, and immediately address
any concerns regarding entries that you do not understand or believe
were made in error by contacting the Branch Manager of the office
where you maintain your account. Oral communications regarding any
inaccuracy or discrepancy in this statement should be re-confirmed in
writing to further protect your rights, including rights under the
Securities Investor Protection Act (SIPA). Your statement will be
deemed correct unless we receive a written inquiry of a suspected
error. See your account documentation for special rules regarding your
rights and responsibilities with respect to erroneous electronic fund
transfers, including a description of the transfers covered. For concerns
or complaints, contact our Client Relations Department at (866)
227-2256.
Senior Investor Helpline
For concerns or complaints, Senior Investors may contact our Firm by
calling (800) 280-4534.
Availability of Free Credit Balances and Financial Statements
Under the customer protection rules of the SEC [17 CFR
§240.15c3-3], we may use funds comprising free credit balances
carried for customer accounts here, provided that these funds are
payable to customers on demand (i.e., are free of a lien or right of
set-off in our favor or on behalf of some third party to whom you have
given control). A financial statement of this organization is available for
your personal inspection at its offices, or a copy will be mailed to you
upon your written request.
Listed Options
Information with respect to commissions and other charges related to
the execution of options transactions has been included in
confirmations of such transactions previously furnished to you and such
information will be made available to you promptly at your request.
Promptly advise us of any material change in your investment
objectives or financial situation.
Important Information if you are a Margin Customer (not available for
certain retirement accounts)
If you have margin privileges, you may borrow money from us in
exchange for pledging assets in your accounts as collateral for any
outstanding margin loan. The amount you may borrow is based on the
value of the eligible securities in your margin accounts. If a security has
eligible shares, the number of shares pledged as collateral will be
indicated below the position.
Margin Interest Charges
We calculate interest charges on margin loans as follows: (1) multiply
the applicable margin interest rate by the daily close of business net
settled debit balance, and (2) divide by 360 (days). Margin interest
accrues daily throughout the month and is added to your debit balance
at month-end. The month-end interest charge is the sum of the daily
accrued interest calculations for the month. We add the accrued
interest to your debit balance and start a new calculation each time the
applicable interest rate changes and at the close of every statement
month. For interest rate information, log into your Morgan Stanley
account at morganstanley.com/online. Select your account with a
Margin agreement and click Interest Rates for more information.
Information regarding Special Memorandum Account
If you have a Margin Account, this is a combined statement of your
Margin Account and Special Memorandum Account maintained for you
under Section 220.5 of Regulation T issued by the Board of Governors
of the Federal Reserve System. The permanent record of the Special
Memorandum Account as required by Regulation T is available for your
inspection at your request.
Important Information About Auction Rate Securities
For certain Auction Rate Securities there is no or limited liquidity.
Therefore, the price(s) for these Auction Rate Securities are indicated
by N/A (not available). There can be no assurance that a successful
auction will occur or that a secondary market exists or will develop for
a particular security.
Structured Investments Risks and Considerations
Structured Investments (Structured Products) are complex products and
may be subject to special risks. Investors should consider the
concentration risk of owning the related security and their total
exposure to any underlying asset. Structured Investments, which may
appear in various statement product categories and are identified on
the Position Description Details line as “Asset Class: Struct Inv,” may
not perform in a manner consistent with the statement product
category where they appear and therefore may not satisfy portfolio
asset allocation needs for that category. For information on the risks
and conflicts of interest related to Structured Investments generally, log
in to Morgan Stanley Online and go to
www.morganstanley.com/structuredproductsrisksandconflicts.
Security Measures
This statement features several embedded security elements to
safeguard its authenticity. One is a unique security mark-a blue
rectangle printed in heat-sensitive ink on the back of every page. When
exposed to warmth, the blue rectangle will disappear, and then
reappear.
SIPC Protection
We are a member of Securities Investor Protection Corporation (SIPC),
which protects securities of its customers up to $500,000 (including
$250,000 for claims for cash). An explanatory brochure is available
upon request or at www.sipc.org. Losses due to market fluctuation are
not protected by SIPC and assets not held with us may not be covered
by SIPC protection. To obtain information about SIPC, including an
explanatory SIPC brochure, contact SIPC at 1-202-371-8300 or visit
www.sipc.org.
Transaction Dates and Conditions
Upon written request, we will furnish the date and time of a transaction
and the name of the other party to a transaction. We and/or our
affiliates may accept benefits that constitute payment for order flow.
Details regarding these benefits and the source and amount of any
other remuneration received or to be received by us in connection with
any transaction will be furnished upon written request.
Equity Research Ratings Definitions and Global Investment Manager
Analysis Status
Some equity securities may have research ratings from Morgan Stanley
& Co. LLC or Morningstar, Inc. Research ratings are the research
providers’ opinions and not representations or guarantees of
performance. For more information about each research provider's
rating system, see the Research Ratings on your most recent June or
December statement (or your first statement if you have not received a
statement for those months), go to www.morganstanley.com/online or
refer to the research provider’s research report. Research reports
contain more complete information concerning the analyst's views and
you should read the entire research report and not infer its contents
from the rating alone. If your account contains an advisory component
or is an advisory account, a GIMA status will apply.
Credit Ratings from Moody's Investors Service and Standard & Poor's
The credit rating from Moody's Investors Service and Standard & Poor's
may be shown for certain securities. All credit ratings represent the
opinions of the provider and are not representations or guarantees of
performance. Your Financial Advisor will be pleased to provide you with
further information or assistance in interpreting these credit ratings.
Revised 01/2017
CONSOLIDATED
SUMMARY
PERSONAL
ACCOUNTS
RETIREMENT
ACCOUNTS
EDUCATION
ACCOUNTS
TRUST
ACCOUNTS
BUSINESS
ACCOUNTS
Consulting and Evaluation Services Active Assets Account
660-110000-095
CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest)
This Period
(2/1/17-2/28/17)
This Year
(1/1/17-2/28/17)
TOTAL BEGINNING VALUE $16,108,323.86 $16,100,433.59
Credits 1,839.01 1,839.01
Debits —(5,244.62)
Security Transfers ——
Net Credits/Debits/Transfers $1,839.01 $(3,405.61)
Change in Value 29,483.05 42,617.94
TOTAL ENDING VALUE $16,139,645.92 $16,139,645.92
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 February 1-28, 2017
Account Summary
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
0
10
20
30
40
50
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M
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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 3 of 20
ASSET ALLOCATION (includes accrued interest)
Cash FI &
Pref
(10)
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Market Value Percentage
Cash $(37,971.90)(0.24)
Fixed Income & Preferreds 16,177,617.82 100.24
TOTAL VALUE $16,139,645.92 100.00%
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.
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Account Summary
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 4 of 20
BALANCE SHEET (^ includes accrued interest)
Last Period
(as of 1/31/17)
This Period
(as of 2/28/17)
Cash, BDP, MMFs $16,113,568.48 $293,877.00
Corporate Fixed Income^—1,964,529.71
Government Securities^—14,213,088.11
Net Unsettled Purchases/Sales —(331,848.90)
Total Assets $16,113,568.48 $16,139,645.92
Cash, BDP, MMFs (Debit)(5,244.62)—
Total Liabilities (outstanding balance)$(5,244.62)—
TOTAL VALUE $16,108,323.86 $16,139,645.92
CASH FLOW
This Period
(2/1/17-2/28/17)
This Year
(1/1/17-2/28/17)
OPENING CASH, BDP, MMFs $16,108,323.86 $4,239,844.93
Purchases (17,775,738.44)(17,775,738.44)
Dividend Reinvestments —(22,669.13)
Sales and Redemptions 1,585,849.85 13,459,396.96
Net Unsettled Purch/Sales 331,848.90 331,848.90
Income and Distributions 41,753.82 64,599.39
Total Investment Related Activity $(15,816,285.87)$(3,942,562.32)
Other Credits 1,839.01 1,839.01
Other Debits —(5,244.62)
Total Cash Related Activity $1,839.01 $(3,405.61)
Total Card/Check Activity ——
CLOSING CASH, BDP, MMFs $293,877.00 $293,877.00
INCOME AND DISTRIBUTION SUMMARY
This Period
(2/1/17-2/28/17)
This Year
(1/1/17-2/28/17)
Other Dividends $17,776.02 $22,405.60
Interest 23,977.80 24,011.77
Total Taxable Income And Distributions $41,753.82 $46,417.37
Total Tax-Exempt Income ——
TOTAL INCOME AND DISTRIBUTIONS $41,753.82 $46,417.37
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
(2/1/17-2/28/17)
Realized This Year
(1/1/17-2/28/17)
Unrealized
Inception to Date
(as of 2/28/17)
Short-Term Gain $600.28 $2,934.82 $2,519.48
Short-Term (Loss)(535.91)(1,442.56)(3,501.29)
Total Short-Term $64.37 $1,492.26 $(981.81)
Long-Term Gain —10,957.26 —
Long-Term (Loss)—(94,258.69)—
Total Long-Term —$(83,301.43)—
TOTAL GAIN/(LOSS)$64.37 $(81,809.17)$(981.81)
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 February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 5 of 20
ADDITIONAL ACCOUNT INFORMATION
Category
This Period
(2/1/17-2/28/17)
This Year
(1/1/17-2/28/17)Category
This Period
(2/1/17-2/28/17)
This Year
(1/1/17-2/28/17)
Accrued Interest Paid $37,765.32 $37,765.32 Accrued Interest Received 2,074.84 2,074.84
U.S. Treasury Coupon Interest 23,000.00 23,000.00
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Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
Investment Objectives †: Capital Appreciation,Income Investment Advisory Account
Manager:GALLIARD CAPITAL MANAGEMENT, INC.
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 6 of 20
† 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 $112,102.55
MORGAN STANLEY PRIVATE BANK NA #181,774.00 —18.00 0.010
MORGAN STANLEY BANK N.A. #0.45 ——0.010
BANK DEPOSITS $181,774.45 $18.00
Percentage
of Holdings Market Value Est Ann Income
CASH, BDP, AND MMFs $293,877.00 $18.00
NET UNSETTLED PURCHASES/SALES $(331,848.90)
CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)(0.24)%$(37,971.90)
# 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 February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 7 of 20
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 %
SOUTHERN CALIF GAS CO
Coupon Rate 5.450%; Matures 04/15/2018; CUSIP 842434CD2
2/7/17 30,000.000 $104.372
$104.168
$104.097 $31,311.60
$31,250.41 $31,229.10 $(21.31)ST
$1,635.00
$604.04
5.23
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.772%; Moody AA2 S&P A+; Issued 10/17/03; Asset Class: FI & Pref
BANK OF AMERICA NA
Coupon Rate 5.650%; Matures 05/01/2018; CUSIP 06051GDX4
2/24/17 30,000.000 104.534
104.534
104.379 31,360.20
31,360.20 31,313.70 (46.50)ST
1,695.00
550.87
5.41
Int. Semi-Annually May/Nov 01; Yield to Maturity 1.862%; Moody BAA1 S&P BBB+; Issued 05/02/08; Asset Class: FI & Pref
TRAVELERS COS INC
Coupon Rate 5.800%; Matures 05/15/2018; CUSIP 89417EAE9
2/6/17 30,000.000 105.317
105.085
104.946 31,595.10
31,525.58 31,483.80 (41.78)ST
1,740.00
497.83
5.52
Int. Semi-Annually May/Nov 15; Yield to Maturity 1.665%; Moody A2 S&P A; Issued 05/13/08; Asset Class: FI & Pref
UNITED DOMINION REALTY TRUST, INC.
Coupon Rate 4.250%; Matures 06/01/2018; CUSIP 91019PCS9
2/24/17 25,000.000 103.185
103.185
102.937 25,796.25
25,796.25 25,734.25 (62.00)ST
1,063.00
256.77
4.13
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.875%; Moody BAA1 S&P BBB+; Issued 05/23/11; Asset Class: FI & Pref
CARDINAL HEALTH INC
Coupon Rate 1.950%; Matures 06/15/2018; CUSIP 14149YBC1
2/13/17 30,000.000 100.324
100.315
100.382 30,097.20
30,094.58 30,114.60 20.02 ST
585.00
118.62
1.94
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.650%; Moody BAA2 S&P A-; Issued 06/23/15; Asset Class: FI & Pref
MARSH & MCLENNAN COS INC
Coupon Rate 2.550%; Matures 10/15/2018; CUSIP 571748AT9
2/1/17 30,000.000 101.097
101.056
101.291 30,329.10
30,316.81 30,387.30 70.49 ST
765.00
282.62
2.51
Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/18; Yield to Call 1.701%; Moody BAA1 S&P A-; Issued 09/27/13; Asset Class: FI & Pref
BOSTON PROPERTIES LP
Coupon Rate 3.700%; Matures 11/15/2018; CUSIP 10112RAT1
2/7/17 25,000.000 102.908
102.822
102.887 25,727.00
25,705.53 25,721.75 16.22 ST
925.00
264.65
3.59
Int. Semi-Annually May/Nov 15; Callable $100.00 on 08/15/18; Yield to Call 1.695%; Moody BAA2 S&P A-; Issued 11/10/11; Asset Class: FI & Pref
KEYCORP
Coupon Rate 2.300%; Matures 12/13/2018; CUSIP 49326EEE9
2/27/17 30,000.000 100.658
100.658
100.550 30,197.40
30,197.40 30,165.00 (32.40)ST
690.00
143.74
2.28
Int. Semi-Annually Jun/Dec 13; Callable $100.00 on 11/13/18; Yield to Call 1.970%; Moody BAA1 S&P BBB+; Issued 11/13/13; Asset Class: FI & Pref
BANK OF AMERICA CORP
Coupon Rate 2.600%; Matures 01/15/2019; CUSIP 06051GEX3
2/24/17 35,000.000 101.371
101.371
101.271 35,479.85
35,479.85 35,444.85 (35.00)ST
910.00
108.69
2.56
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.908%; Moody BAA1 S&P BBB+; Issued 10/22/13; Asset Class: FI & Pref
GOLDMAN SACHS GROUP INC
Coupon Rate 2.625%; Matures 01/31/2019; CUSIP 38145XAA1
2/1/17 30,000.000 101.102
101.067
101.256 30,330.60
30,320.11 30,376.80 56.69 ST
788.00
61.25
2.59
Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.957%; Moody A3 S&P BBB+; Issued 01/31/14; Asset Class: FI & Pref
MORGAN STANLEY
Coupon Rate 2.450%; Matures 02/01/2019; CUSIP 61746BDX1
2/3/17 30,000.000 100.834
100.810
100.922 30,250.20
30,242.94 30,276.60 33.66 ST
735.00
55.12
2.42
Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.959%; Moody A3 S&P BBB+; Issued 01/27/16; Asset Class: FI & Pref
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Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 8 of 20
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 %
SIMON PROPERTY GROUP LP
Coupon Rate 2.200%; Matures 02/01/2019; CUSIP 828807CQ8
2/3/17 25,000.000 100.879
100.853
100.810 25,219.75
25,213.36 25,202.50 (10.86)ST
550.00
41.25
2.18
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/18; Yield to Call 1.707%; Moody A2 S&P A; Issued 01/21/14; Asset Class: FI & Pref
UNION ELECTRIC CO
Coupon Rate 6.700%; Matures 02/01/2019; CUSIP 906548CG5
2/24/17 35,000.000 109.170
109.144
109.034 38,209.50
38,200.37 38,161.90 (38.47)ST
2,345.00
175.87
6.14
Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.898%; Moody A2 S&P A; Issued 06/19/08; Asset Class: FI & Pref
PROLOGIS LP
Coupon Rate 2.750%; Matures 02/15/2019; CUSIP 74340XAV3
2/2/17 30,000.000 101.628
101.580
101.490 30,488.40
30,473.85 30,447.00 (26.85)ST
825.00
29.79
2.70
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/19; Yield to Call 1.939%; Moody A3 S&P A-; Issued 08/15/13; Asset Class: FI & Pref
ROCK-TENN COMPANY
Coupon Rate 4.450%; Matures 03/01/2019; CUSIP 772739AJ7
2/9/17 31,000.000 104.440
104.351
104.603 32,376.40
32,348.87 32,426.93 78.06 ST
1,380.00
678.25
4.25
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.097%; Moody BAA2 S&P BBB (-); Issued 03/01/13; Asset Class: FI & Pref
MIDAMERICAN ENERGY CO
Coupon Rate 2.400%; Matures 03/15/2019; CUSIP 595620AJ4
2/1/17 25,000.000 101.072
101.040
101.235 25,268.00
25,260.00 25,308.75 48.75 ST
600.00
271.66
2.37
Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/19; Yield to Call 1.757%; Moody AA2 S&P A+; Issued 09/19/13; Asset Class: FI & Pref
SUNTRUST BANKS INC
Coupon Rate 2.500%; Matures 05/01/2019; CUSIP 867914BG7
2/24/17 40,000.000 101.163
101.163
101.070 40,465.20
40,465.20 40,428.00 (37.20)ST
1,000.00
325.00
2.47
Int. Semi-Annually May/Nov 01; Callable $100.00 on 04/01/19; Yield to Call 1.975%; Moody BAA1 S&P BBB+; Issued 05/01/14; Asset Class: FI & Pref
PUBLIC SERVICE COLORADO
Coupon Rate 5.125%; Matures 06/01/2019; CUSIP 744448CC3
2/1/17 41,000.000 107.210
107.015
107.075 43,956.10
43,876.11 43,900.75 24.64 ST
2,101.00
507.80
4.78
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.908%; Moody A1 S&P A; Issued 06/04/09; Asset Class: FI & Pref
NORFOLK SOUTHERN CORP
Coupon Rate 5.900%; Matures 06/15/2019; CUSIP 655844BC1
2/1/17 41,000.000 108.734
108.502
108.810 44,580.94
44,485.81 44,612.10 126.29 ST
2,419.00
490.51
5.42
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.958%; Moody BAA1 S&P BBB+; Issued 06/01/09; Asset Class: FI & Pref
AMERICAN EXPRESS CREDIT
Coupon Rate 2.250%; Matures 08/15/2019; CUSIP 0258M0DP1
2/27/17 35,000.000 100.928
100.928
100.853 35,324.80
35,324.80 35,298.55 (26.25)ST
788.00
28.43
2.23
Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.894%; Moody A2 S&P A-; Issued 08/15/14; Asset Class: FI & Pref
BOSTON PROPERTIES INC
Coupon Rate 5.875%; Matures 10/15/2019; CUSIP 10112RAQ7
2/3/17 30,000.000 108.859
108.672
108.930 32,657.70
32,601.52 32,679.00 77.48 ST
1,763.00
651.14
5.39
Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 07/15/19; Yield to Call 2.013%; Moody BAA2 S&P A-; Issued 10/09/09; Asset Class: FI & Pref
MORGAN STANLEY
Coupon Rate 2.650%; Matures 01/27/2020; CUSIP 61747YDW2
2/6/17 34,000.000 101.003
100.985
101.136 34,341.02
34,334.81 34,386.24 51.43 ST
901.00
77.58
2.62
Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.245%; Moody A3 S&P BBB+; Issued 01/27/15; Asset Class: FI & Pref
APPLE INC
Coupon Rate 1.900%; Matures 02/07/2020; CUSIP 037833CK4
2/2/17 60,000.000 99.951
99.951
100.220 59,970.60
59,970.60 60,132.00 161.40 ST
1,140.00
60.16
1.89
Int. Semi-Annually Feb/Aug 07; Yield to Maturity 1.823%; First Coupon 08/07/17; Moody AA1 S&P AA+; Issued 02/09/17; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 9 of 20
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 %
PNC FUNDING CORP
Coupon Rate 5.125%; Matures 02/08/2020; CUSIP 693476BJ1
2/24/17 30,000.000 108.679
108.679
108.101 32,603.70
32,603.70 32,430.30 (173.40)ST
1,538.00
85.41
4.74
Int. Semi-Annually Feb/Aug 08; Yield to Maturity 2.265%; Moody A3 S&P A-; Issued 02/08/10; Asset Class: FI & Pref
AMERICAN HONDA FINANCE
Coupon Rate 2.000%; Matures 02/14/2020; CUSIP 02665WBM2
2/13/17 55,000.000 99.858
99.858
100.193 54,921.90
54,921.90 55,106.15 184.25 ST
1,100.00
36.66
1.99
Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.933%; First Coupon 08/14/17; Moody A1 S&P A+; Issued 02/16/17; Asset Class: FI & Pref
NOVARTIS CAPITAL CORP
Coupon Rate 1.800%; Matures 02/14/2020; CUSIP 66989HAL2
2/14/17 50,000.000 99.609
99.609
99.935 49,804.50
49,804.50 49,967.50 163.00 ST
900.00
27.50
1.80
Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.823%; First Coupon 08/14/17; Moody AA3 S&P AA-; Issued 02/17/17; Asset Class: FI & Pref
PACCAR FINANCIAL CORP
Coupon Rate 1.950%; Matures 02/27/2020; CUSIP 69371RN69
2/22/17 50,000.000 99.820
99.820
100.105 49,910.00
49,910.00 50,052.50 142.50 ST
975.00
2.70
1.94
Int. Semi-Annually Feb/Aug 27; Yield to Maturity 1.914%; First Coupon 08/27/17; Moody A1E S&P A+; Issued 02/27/17; Asset Class: FI & Pref
ROCKWELL AUTOMATION INC
Coupon Rate 2.050%; Matures 03/01/2020; CUSIP 773903AF6
2/3/17 33,000.000 99.813
99.813
99.762 32,938.29
32,938.29 32,921.46 (16.83)ST
676.00
332.61
2.05
Int. Semi-Annually Mar/Sep 01; Callable $100.00 on 02/01/20; Yield to Maturity 2.132%; Moody A3 S&P A; Issued 02/17/15; Asset Class: FI & Pref
AMERICAN EXPRESS CREDIT
Coupon Rate 2.200%; Matures 03/03/2020; CUSIP 0258M0EE5
2/28/17 20,000.000 99.896
99.896
99.896 19,979.20
19,979.20 19,979.20 0.00 ST
440.00 2.20
Int. Semi-Annually Mar/Sep 03; Yield to Maturity 2.236%; First Coupon 09/03/17; Moody A2E; Issued 03/03/17; Asset Class: FI & Pref
GOLDMAN SACHS GROUP INC
Coupon Rate 5.375%; Matures 03/15/2020; CUSIP 38141EA58
2/1/17 30,000.000 108.466
108.298
108.543 32,539.80
32,489.30 32,562.90 73.60 ST
1,613.00
730.10
4.95
Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.448%; Moody A3 S&P BBB+; Issued 03/08/10; Asset Class: FI & Pref
JP MORGAN CHASE
Coupon Rate 4.950%; Matures 03/25/2020; CUSIP 46625HHQ6
2/23/17 30,000.000 108.274
108.267
108.241 32,482.20
32,480.02 32,472.30 (7.72)ST
1,485.00
631.12
4.57
Int. Semi-Annually Mar/Sep 25; Yield to Maturity 2.165%; Moody A3 S&P A-; Issued 03/25/10; Asset Class: FI & Pref
CONSUMERS ENERGY CO
Coupon Rate 5.650%; Matures 04/15/2020; CUSIP 210518CL8
2/1/17 53,000.000 109.873
109.682
110.390 58,232.69
58,131.33 58,506.70 375.37 ST
2,995.00
1,106.30
5.11
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 2.197%; Moody A1 S&P A; Issued 03/24/05; Asset Class: FI & Pref
ERP OPERATING-LP
Coupon Rate 4.750%; Matures 07/15/2020; CUSIP 26884AAY9
2/1/17 30,000.000 107.259
107.129
107.195 32,177.70
32,138.77 32,158.50 19.73 ST
1,425.00
288.95
4.43
Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 04/15/20; Yield to Call 2.352%; Moody BAA1 S&P A-; Issued 07/15/10; Asset Class: FI & Pref
COMMONWEALTH EDISON COMPANY
Coupon Rate 4.000%; Matures 08/01/2020; CUSIP 202795HV5
2/16/17 50,000.000 105.233
105.204
105.322 52,616.50
52,602.23 52,661.00 58.77 ST
2,000.00
150.00
3.79
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 05/01/20; Yield to Call 2.253%; Moody A2 S&P A-; Issued 08/02/10; Asset Class: FI & Pref
GILEAD SCIENCES INC
Coupon Rate 2.550%; Matures 09/01/2020; CUSIP 375558BB8
2/28/17 40,000.000 100.885
100.885
101.021 40,354.00
40,354.00 40,408.40 54.40 ST
1,020.00
501.50
2.52
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.246%; Moody A3 S&P A; Issued 09/14/15; Asset Class: FI & Pref
00
1
0
2
6
M
S
A
D
D
2
5
1
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 10 of 20
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 %
AVALONBAY COMMUNITIES IN
Coupon Rate 3.625%; Matures 10/01/2020; CUSIP 05348EAS8
2/8/17 30,000.000 104.286
104.236
103.824 31,285.80
31,270.65 31,147.20 (123.45)ST
1,088.00
444.06
3.49
Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 07/01/20; Yield to Call 2.426%; Moody A3 S&P A-; Issued 09/20/13; Asset Class: FI & Pref
KENTUCKY UTILITIES COMPANY
Coupon Rate 3.250%; Matures 11/01/2020; CUSIP 491674BE6
2/17/17 55,000.000 103.537
103.522
103.463 56,945.35
56,936.87 56,904.65 (32.22)ST
1,788.00
580.93
3.14
Int. Semi-Annually May/Nov 01; Callable $100.00 on 08/01/20; Yield to Call 2.195%; Moody A1 S&P A; Issued 05/01/11; Asset Class: FI & Pref
EMERSON ELECTRIC CO.
Coupon Rate 4.250%; Matures 11/15/2020; CUSIP 291011BC7
2/28/17 50,000.000 107.159
107.159
107.020 53,579.50
53,579.50 53,510.00 (69.50)ST
2,125.00
607.98
3.97
Int. Semi-Annually May/Nov 15; Yield to Maturity 2.268%; Moody A2 S&P A; Issued 11/16/09; Asset Class: FI & Pref
LOCKHEED MARTIN CORP
Coupon Rate 2.500%; Matures 11/23/2020; CUSIP 539830BF5
2/3/17 15,000.000 100.930
100.916
101.011 15,139.50
15,137.43 15,151.65 14.22 ST
375.00
98.95
2.47
Int. Semi-Annually May/Nov 23; Callable $100.00 on 10/23/20; Yield to Call 2.210%; Moody BAA1 S&P BBB+; Issued 11/23/15; Asset Class: FI & Pref
UNION PACIFIC CORP
Coupon Rate 4.000%; Matures 02/01/2021; CUSIP 907818DG0
2/1/17 30,000.000 106.011
105.919
106.185 31,803.30
31,775.59 31,855.50 79.91 ST
1,200.00
90.00
3.76
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/20; Yield to Call 2.237%; Moody A3 S&P A; Issued 08/02/10; Asset Class: FI & Pref
ENTERGY ARKANSAS, INC.
Coupon Rate 3.750%; Matures 02/15/2021; CUSIP 29364DAQ3
2/1/17 30,000.000 104.961
104.886
105.005 31,488.30
31,465.67 31,501.50 35.83 ST
1,125.00
40.62
3.57
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 11/15/20; Yield to Call 2.335%; Moody A2 S&P A; Issued 11/12/10; Asset Class: FI & Pref
KIMCO REALTY CORP
Coupon Rate 3.200%; Matures 05/01/2021; CUSIP 49446RAL3
2/17/17 30,000.000 102.012
102.004
101.730 30,603.60
30,601.32 30,519.00 (82.32)ST
960.00
312.00
3.14
Int. Semi-Annually May/Nov 01; Callable $100.00 on 03/01/21; Yield to Call 2.741%; Moody BAA1 S&P BBB+; Issued 04/24/14; Asset Class: FI & Pref
EQUIFAX INC
Coupon Rate 2.300%; Matures 06/01/2021; CUSIP 294429AK1
2/28/17 35,000.000 98.712
98.712
98.641 34,549.20
34,549.20 34,524.35 (24.85)ST
805.00
194.54
2.33
Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Maturity 2.639%; Moody BAA1 S&P BBB+; Issued 05/12/16; Asset Class: FI & Pref
JPMORGAN CHASE & CO
Coupon Rate 2.400%; Matures 06/07/2021; CUSIP 46625HRT9
2/23/17 30,000.000 99.563
99.563
99.552 29,868.90
29,868.90 29,865.60 (3.30)ST
720.00
162.00
2.41
Int. Semi-Annually Jun/Dec 07; Callable $100.00 on 05/07/21; Yield to Maturity 2.511%; Moody A3 S&P A-; Issued 06/07/16; Asset Class: FI & Pref
FISERV, INC.
Coupon Rate 4.750%; Matures 06/15/2021; CUSIP 337738AL2
2/2/17 30,000.000 108.051
107.944
107.911 32,415.30
32,383.19 32,373.30 (9.89)ST
1,425.00
288.95
4.40
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.783%; Moody BAA2 S&P BBB; Issued 06/14/11; Asset Class: FI & Pref
SIMON PROPERTY GROUP LP
Coupon Rate 2.500%; Matures 07/15/2021; CUSIP 828807CX3
2/2/17 30,000.000 100.068
100.067
100.239 30,020.40
30,020.13 30,071.70 51.57 ST
750.00
89.58
2.49
Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.438%; Moody A2 S&P A; Issued 01/13/16; Asset Class: FI & Pref
GOLDMAN SACHS GROUP INC
Coupon Rate 5.250%; Matures 07/27/2021; CUSIP 38141GGQ1
2/1/17 30,000.000 109.622
109.492
110.028 32,886.60
32,847.74 33,008.40 160.66 ST
1,575.00
135.62
4.77
Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.817%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 11 of 20
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 %
BURLINGTN NORTH SANTA FE
Coupon Rate 3.450%; Matures 09/15/2021; CUSIP 12189LAF8
2/15/17 60,000.000 103.853
103.835
104.223 62,311.80
62,301.12 62,533.80 232.68 ST
2,070.00
937.25
3.31
Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 06/15/21; Yield to Call 2.409%; Moody A3 S&P A; Issued 08/22/11; Asset Class: FI & Pref
LOCKHEED MARTIN CORP
Coupon Rate 3.350%; Matures 09/15/2021; CUSIP 539830AY5
2/2/17 35,000.000 103.339
103.297
103.558 36,168.65
36,153.94 36,245.30 91.36 ST
1,173.00
530.88
3.23
Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.517%; Moody BAA1 S&P BBB+; Issued 09/09/11; Asset Class: FI & Pref
JOHNSON & JOHNSON
Coupon Rate 2.250%; Matures 03/03/2022; CUSIP 478160CD4
2/28/17 50,000.000 99.728
99.728
99.761 49,864.00
49,864.00 49,880.50 16.50 ST
1,125.00 2.25
Int. Semi-Annually Mar/Sep 03; Yield to Maturity 2.301%; First Coupon 09/03/17; Issued 03/03/17; Asset Class: FI & Pref
SAFINA LTD
Coupon Rate 2.000%; Matures 12/30/2023; CUSIP 78657AAB5
1/31/17 200,000.000 99.000
99.000
98.895 126,014.55
126,014.55 125,880.89 (133.66)ST
2,546.00
410.14
2.02
Interest Paid Quarterly Sep 30; Yield to Maturity 2.175%; Factor .63643710; Issued 06/25/12; Current Face 127,287.420; Asset Class: FI & Pref
Percentage
of Holdings Face Value
Orig Total Cost
Adj Total Cost Market Value
Unrealized
Gain/(Loss)
Est Ann Income
Accrued Interest
Current
Yield %
CORPORATE FIXED INCOME 1,963,000.000 $1,948,838.14
$1,947,968.00 $1,949,431.72 $1,463.72 ST
$64,360.00
$15,097.99
3.30%
TOTAL CORPORATE FIXED INCOME
(includes accrued interest)
12.17%$1,964,529.71
Watchlist and CreditWatch Indicators: (*) = developing/uncertain (+) = On Watchlist/CreditWatch Upgrade (-) = On Watchlist/CreditWatch Downgrade
GOVERNMENT SECURITIES
TREASURY SECURITIES
Security Description Trade Date Face Value
Orig Unit Cost
Adj Unit Cost Unit Price
Orig Total Cost
Adj Total Cost Market Value
Unrealized
Gain/(Loss)
Est Ann Income
Accrued Interest
Current
Yield %
UNITED STATES TREASURY NOTE
Coupon Rate 1.000%; Matures 02/15/2018; CUSIP 912828H94
1/31/17 4,165,000.000 $100.129
$100.094
$100.063 $4,170,382.90
$4,168,897.61 $4,167,623.95 $(1,273.66)ST
$41,650.00
$1,495.71
0.99
Int. Semi-Annually Feb/Aug 15; Yield to Maturity .934%; Moody AAA; Issued 02/15/15; Asset Class: FI & Pref
UNITED STATES TREASURY NOTE
Coupon Rate 1.125%; Matures 01/31/2019; CUSIP 912828V56
1/31/17 7,825,000.000 99.856
99.856
99.844 7,813,716.35
7,813,716.35 7,812,793.00 (923.35)ST
88,031.00
6,809.04
1.12
Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.207%; Moody AAA; Issued 01/31/17; Asset Class: FI & Pref
UNITED STATES TREASURY NOTE
Coupon Rate 1.375%; Matures 01/15/2020; CUSIP 912828V31
1/31/17 1,900,000.000 99.782
99.782
99.773 1,895,850.40
1,895,850.21 1,895,687.00 (163.21)ST
26,125.00
3,175.41
1.37
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.456%; Moody AAA; Issued 01/15/17; Asset Class: FI & Pref
00
1
0
2
6
M
S
A
D
D
2
5
1
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 12 of 20
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-INFLATION INDEXED
Coupon Rate 0.125%; Matures 04/15/2021; CUSIP 912828Q60
1/31/17 315,000.000 101.306
101.306
101.395 325,439.45
325,439.45 325,354.14 (85.31)ST
401.00
149.86
0.12
Int. Semi-Annually Apr/Oct 15; Factor 1.01866000; Moody AAA; Issued 04/15/16; Current Face 320,877.900; Asset Class: FI & Pref
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 14,205,000.000 $14,205,389.10
$14,203,903.62 $14,201,458.09 $(2,445.53)ST
$156,207.00
$11,630.02
1.10%
TOTAL GOVERNMENT SECURITIES
(includes accrued interest)
88.06%$14,213,088.11
Percentage
of Holdings Total Cost Market Value
Unrealized
Gain/(Loss)
Est Ann Income
Accrued Interest
Current
Yield %
TOTAL MARKET VALUE $16,151,871.62 $16,112,917.91 $(981.81)ST $220,585.00
$26,728.01
1.37%
TOTAL VALUE (includes accrued interest)100.00%$16,139,645.92
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 (^includes accrued interest)
Cash Equities
Fixed Income &
Preferred Securities Alternatives
Annuities &
Insurance
Structured
Investments Other
Cash, BDP, MMFs $(37,971.90)——————
Corporate Fixed Income^——$1,964,529.71 ————
Government Securities^——14,213,088.11 ————
TOTAL ALLOCATION OF ASSETS^$(37,971.90)—$16,177,617.82 ————
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 13 of 20
ACTIVITY
INVESTMENT RELATED ACTIVITY
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
2/1 2/1 Bought US TSY NOTE 1125 19JA31 ACTED AS AGENT
ACCRUED INTEREST 243.18
a/o 01/31/17
7,825,000.000 $99.8558 $(7,813,959.53)
2/1 2/1 Bought US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 1,840.30
a/o 01/31/17
2,850,000.000 99.7816 (2,845,615.90)
2/1 2/1 Bought US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST 120.07
a/o 01/31/17
315,000.000 103.3141 (331,531.30)
2/1 2/2 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 102.56
150,000.000 99.6286 149,545.46
2/1 2/3 Bought SAFINA LTD 2000 23DE30 ACTED AS AGENT
ACCRUED INTEREST 233.36
a/o 01/31/17
200,000.000 99.0000 (126,247.91)
2/1 2/6 Bought CONSUMERS ENERGY 5650 20AP15 ACTED AS AGENT
ACCRUED INTEREST 923.30
53,000.000 109.8730 (59,155.99)
2/1 2/6 Bought NORFOLK SOUTHERN 5900 19JN15 ACTED AS AGENT
ACCRUED INTEREST 342.69
41,000.000 108.7340 (44,923.63)
2/1 2/6 Bought GOLDMAN SACHS 5375 20MH15 ACTED AS AGENT
ACCRUED INTEREST 631.56
30,000.000 108.4660 (33,171.36)
2/1 2/6 Bought GOLDMAN SACHS 5250 21JL27 ACTED AS AGENT
ACCRUED INTEREST 39.38
30,000.000 109.6220 (32,925.98)
2/1 2/6 Bought ERP OPERATING-LP 4750 *20JL15 ACTED AS AGENT
ACCRUED INTEREST 201.87
30,000.000 107.2590 (32,379.57)
2/1 2/6 Bought ENTERGY ARKANSAS 3750 *21FB15 ACTED AS AGENT
ACCRUED INTEREST 534.38
30,000.000 104.9610 (32,022.68)
2/1 2/6 Bought MARSH & MCLENNAN 2550 *18OC15 ACTED AS AGENT
ACCRUED INTEREST 235.88
30,000.000 101.0970 (30,564.98)
2/1 2/6 Bought GOLDMAN SACHS INC 2625 19JA31 ACTED AS AGENT
ACCRUED INTEREST 13.12
30,000.000 101.1020 (30,343.72)
2/1 2/6 Bought MIDAMERICAN 2400 *19MH15 ACTED AS AGENT
ACCRUED INTEREST 235.00
25,000.000 101.0720 (25,503.00)
2/2 2/1 Bought - Cancelled US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST 120.07
315,000.000 331,531.30
2/2 2/1 Bought US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST 120.07
a/o 01/31/17
315,000.000 101.4535 (325,562.71)
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CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 14 of 20
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED)
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
2/3 2/3 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 934.78
a/o 02/02/17
200,000.000 100.1247 201,184.18
2/3 2/6 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 125.35
150,000.000 99.8239 149,861.20
2/3 2/6 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 125.35
150,000.000 99.7301 149,720.50
2/3 2/6 Bought PUBLIC SERVC COLO 5125 19JN01 ACTED AS AGENT
ACCRUED INTEREST 379.39
a/o 02/01/17
41,000.000 107.2100 (44,335.49)
2/3 2/6 Bought UNION PACIFIC COR 4000 *21FBRG ACTED AS AGENT
ACCRUED INTEREST 16.67
a/o 02/01/17
30,000.000 106.0110 (31,819.97)
2/3 2/7 Bought LOCKHEED MARTIN 3350 21SP15 ACTED AS AGENT
ACCRUED INTEREST 462.49
a/o 02/02/17
35,000.000 103.3390 (36,631.14)
2/3 2/7 Bought FISERV, INC. 4750 21JN15 ACTED AS AGENT
ACCRUED INTEREST 205.83
a/o 02/02/17
30,000.000 108.0510 (32,621.13)
2/3 2/7 Bought PROLOGIS LP 2750 *19FB15 ACTED AS AGENT
ACCRUED INTEREST 394.17
a/o 02/02/17
30,000.000 101.6280 (30,882.57)
2/3 2/7 Bought SIMON PROPERTY GR 2500 *21JL15 ACTED AS AGENT
ACCRUED INTEREST 45.83
a/o 02/02/17
30,000.000 100.0680 (30,066.23)
2/3 2/8 Bought ROCKWELL AUTOMATI 2050 *20MH01 ACTED AS AGENT
ACCRUED INTEREST 295.03
33,000.000 99.8130 (33,233.32)
2/3 2/8 Bought BOSTON PROPERTIES 5875 *19OC15 ACTED AS AGENT
ACCRUED INTEREST 553.23
30,000.000 108.8590 (33,210.93)
2/3 2/8 Bought MORGAN STANLEY 2450 19FB01 ACTED AS AGENT
ACCRUED INTEREST 14.29
30,000.000 100.8340 (30,264.49)
2/3 2/8 Bought SIMON PPTY GRP LP 2200 *19FB01 ACTED AS AGENT
ACCRUED INTEREST 10.69
25,000.000 100.8790 (25,230.44)
2/3 2/8 Bought LOCKHEED MARTIN C 2500 *20NV23 ACTED AS AGENT
ACCRUED INTEREST 78.12
15,000.000 100.9300 (15,217.62)
2/3 2/9 Bought APPLE INC 1900 20FB07 ACTED AS AGENT a/o 02/02/17 60,000.000 99.9510 (59,970.60)
2/6 2/9 Bought MORGAN STANLEY 2650 20JA27 ACTED AS AGENT
ACCRUED INTEREST 30.03
34,000.000 101.0030 (34,371.05)
2/6 2/9 Bought TRAVELERS COS IN 5800 18MY15 ACTED AS AGENT
ACCRUED INTEREST 406.00
30,000.000 105.3170 (32,001.10)
2/7 2/1 Bought - Cancelled US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 22,173.91
4,800,000.000 4,828,375.51
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 15 of 20
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED)
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
2/7 2/1 Bought US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 44,347.82
a/o 01/31/17
9,600,000.000 100.1292 (9,656,751.02)
2/8 2/9 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 142.44
150,000.000 99.9489 150,065.79
2/8 2/9 Bought SOUTHERN CALIF 5450 18AP15 ACTED AS AGENT
ACCRUED INTEREST 517.75
a/o 02/07/17
30,000.000 104.3720 (31,829.35)
2/8 2/10 Bought BOSTON PROP LP 3700 *18NV15 ACTED AS AGENT
ACCRUED INTEREST 218.40
a/o 02/07/17
25,000.000 102.9080 (25,945.40)
2/8 2/13 Bought AVALONBAY COMM 3625 *20OC01 ACTED AS AGENT
ACCRUED INTEREST 398.75
30,000.000 104.2860 (31,684.55)
2/9 2/1 Bought - Cancelled US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 22,173.91
4,800,000.000 4,828,375.51
2/9 2/1 Bought - Cancelled US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST 120.07
315,000.000 325,562.71
2/9 2/1 Bought - Adjusted US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 22,173.91
4,800,000.000 (4,828,377.49)
2/9 2/1 Bought - Adjusted US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST 120.07
315,000.000 (325,559.52)
2/9 2/14 Bought ROCK-TENN COMPANY 4450 19MH01 ACTED AS AGENT
ACCRUED INTEREST 624.61
31,000.000 104.4400 (33,001.01)
2/14 2/16 Bought CARDINAL HEALTH 1950 18JN15 ACTED AS AGENT
ACCRUED INTEREST 99.13
a/o 02/13/17
30,000.000 100.3240 (30,196.33)
2/14 2/17 Bought NOVARTIS CAPITAL 1800 20FB14 ACTED AS AGENT 50,000.000 99.6090 (49,804.50)
2/15 2/16 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 4.42
160,000.000 100.0778 160,128.90
2/15 2/16 Bought AMERICAN HONDA FI 2000 20FB14 ACTED AS AGENT a/o 02/13/17 55,000.000 99.8580 (54,921.90)
2/15 2/21 Bought BURLINGTN NORTH 3450 *21SP15 ACTED AS AGENT
ACCRUED INTEREST 897.00
60,000.000 103.8530 (63,208.80)
2/17 2/23 Bought KENTUCKY UTILS CO 3250 *20NV01 ACTED AS AGENT
ACCRUED INTEREST 556.11
55,000.000 103.5370 (57,501.46)
2/21 2/22 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 252.59
175,000.000 99.7340 174,787.09
2/21 2/22 Bought COMMONWEALTH EDIS 4000 *20AU01 ACTED AS AGENT
ACCRUED INTEREST 116.67
a/o 02/16/17
50,000.000 105.2330 (52,733.17)
2/21 2/23 Bought KIMCO REALTY CORP 3200 *21MY01 ACTED AS AGENT
ACCRUED INTEREST 298.67
a/o 02/17/17
30,000.000 102.0120 (30,902.27)
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CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 16 of 20
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED)
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
2/22 2/27 Bought PACCAR FINANCIAL 1950 20FB27 ACTED AS AGENT 50,000.000 99.8200 (49,910.00)
2/23 2/28 Bought JP MORGAN CHASE 4950 20MH25 ACTED AS AGENT
ACCRUED INTEREST 631.13
30,000.000 108.2740 (33,113.33)
2/24 2/27 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 285.83
175,000.000 99.9450 175,189.58
2/24 2/27 Bought UNION ELECTRIC CO 6700 19FB01 ACTED AS AGENT
ACCRUED INTEREST 169.36
35,000.000 109.1700 (38,378.86)
2/24 2/28 Bought JPMORGAN CHASE 2400 *21JN07 ACTED AS AGENT
ACCRUED INTEREST 162.00
a/o 02/23/17
30,000.000 99.5630 (30,030.90)
2/24 3/1 Bought SUNTRUST BANKS 2500 *19MY01 ACTED AS AGENT
ACCRUED INTEREST 333.33
40,000.000 101.1630 (40,798.53)
2/24 3/1 Bought PNC FUNDING COP 5125 20FB08 ACTED AS AGENT
ACCRUED INTEREST 98.23
30,000.000 108.6790 (32,701.93)
2/24 3/1 Bought BANK OF AMERICA 5650 18MY01 ACTED AS AGENT
ACCRUED INTEREST 565.00
30,000.000 104.5340 (31,925.20)
2/27 2/28 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 62.85
175,000.000 100.1051 175,246.78
2/27 3/1 Bought BANK OF AMERICA 2600 19JA15 ACTED AS AGENT
ACCRUED INTEREST 116.28
a/o 02/24/17
35,000.000 101.3710 (35,596.13)
2/27 3/1 Bought UNITED DOMINION R 4250 18JN01 ACTED AS AGENT
ACCRUED INTEREST 265.63
a/o 02/24/17
25,000.000 103.1850 (26,061.88)
2/27 3/2 Bought AMERICAN EXPRESS 2250 19AU15 ACTED AS AGENT
ACCRUED INTEREST 37.19
35,000.000 100.9280 (35,361.99)
2/27 3/2 Bought KEYCORP 2300 *18DE13 ACTED AS AGENT
ACCRUED INTEREST 151.42
30,000.000 100.6580 (30,348.82)
2/28 3/1 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 38.67
100,000.000 100.0817 100,120.37
2/28 3/3 Bought EMERSON ELECTRIC 4250 20NV15 ACTED AS AGENT
ACCRUED INTEREST 637.50
50,000.000 107.1590 (54,217.00)
2/28 3/3 Bought JOHNSON & JONHSON 2250 22MH03 ACTED AS AGENT 50,000.000 99.7280 (49,864.00)
2/28 3/3 Bought GILEAD SCIENCES I 2550 20SP01 ACTED AS AGENT
ACCRUED INTEREST 5.67
40,000.000 100.8850 (40,359.67)
2/28 3/3 Bought EQUIFAX INC 2300 *21JN01 ACTED AS AGENT
ACCRUED INTEREST 205.72
35,000.000 98.7120 (34,754.92)
2/28 3/3 Bought AMERICAN EXPRESS 2200 20MH03 ACTED AS AGENT 20,000.000 99.8960 (19,979.20)
TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(16,189,888.59)
TOTAL PURCHASES $(17,775,738.44)
TOTAL SALES AND REDEMPTIONS $1,585,849.85
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 February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 17 of 20
UNSETTLED PURCHASES/SALES ACTIVITY
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price
Pending
Credits/(Debits)
2/24 3/1 Bought BANK OF AMERICA 2600 19JA15 UNSETTLED PURCHASE 35,000.000 $101.3710 $(35,596.13)
2/24 3/1 Bought BANK OF AMERICA 5650 18MY01 UNSETTLED PURCHASE 30,000.000 104.5340 (31,925.20)
2/24 3/1 Bought PNC FUNDING COP 5125 20FB08 UNSETTLED PURCHASE 30,000.000 108.6790 (32,701.93)
2/24 3/1 Bought SUNTRUST BANKS 2500 *19MY01 UNSETTLED PURCHASE 40,000.000 101.1630 (40,798.53)
2/24 3/1 Bought UNITED DOMINION R 4250 18JN01 UNSETTLED PURCHASE 25,000.000 103.1850 (26,061.88)
2/27 3/2 Bought AMERICAN EXPRESS 2250 19AU15 UNSETTLED PURCHASE 35,000.000 100.9280 (35,361.99)
2/27 3/2 Bought KEYCORP 2300 *18DE13 UNSETTLED PURCHASE 30,000.000 100.6580 (30,348.82)
2/28 3/1 Sold US TSY NOTE 1000 18FB15 UNSETTLED SALE 100,000.000 100.0817 100,120.37
2/28 3/3 Bought AMERICAN EXPRESS 2200 20MH03 UNSETTLED PURCHASE 20,000.000 99.8960 (19,979.20)
2/28 3/3 Bought EMERSON ELECTRIC 4250 20NV15 UNSETTLED PURCHASE 50,000.000 107.1590 (54,217.00)
2/28 3/3 Bought EQUIFAX INC 2300 *21JN01 UNSETTLED PURCHASE 35,000.000 98.7120 (34,754.92)
2/28 3/3 Bought GILEAD SCIENCES I 2550 20SP01 UNSETTLED PURCHASE 40,000.000 100.8850 (40,359.67)
2/28 3/3 Bought JOHNSON & JONHSON 2250 22MH03 UNSETTLED PURCHASE 50,000.000 99.7280 (49,864.00)
NET UNSETTLED PURCHASES/SALES $(331,848.90)
This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share
price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services.
TAXABLE INCOME AND DISTRIBUTIONS
Activity Date Activity Type Description Comments Credits/(Debits)
2/1 Dividend GUGGENHEIM LIMITED DURATION A
DIV PAYMENT
$8,268.26
2/1 Dividend VOYA SHORT TERM BOND A
DIV PAYMENT
5,022.32
2/1 Dividend INVESCO FLOATING RATE A
DIV PAYMENT
2,924.50
2/1 Dividend MSILF GOVT SEC PART
DIV PAYMENT
323.93
2/15 Interest Income US TSY NOTE 1000 18FB15 CUSIP: 912828H94 23,000.00
2/15 Interest Income ENTERGY ARKANSAS 3750 *21FB15 CUSIP: 29364DAQ3 562.50
2/15 Interest Income PROLOGIS LP 2750 *19FB15 CUSIP: 74340XAV3 412.50
2/23 Dividend DELAWARE LTD-TERM DIVERS INC A
DIV PAYMENT
1,237.01
2/28 Interest Income MORGAN STANLEY PRIVATE BANK NA
(Period 02/01-02/28)
2.35
2/28 Interest Income MORGAN STANLEY BANK N.A.
(Period 02/01-02/28)
0.45
TOTAL TAXABLE INCOME AND DISTRIBUTIONS $41,753.82
TOTAL OTHER DIVIDENDS $17,776.02
TOTAL INTEREST $23,977.80
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CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 18 of 20
CASH RELATED ACTIVITY
OTHER CREDITS AND DEBITS
Activity Date Activity Type Description Comments Credits/(Debits)
2/17 Refund GUGGENHEIM LIMITED DUR $712.68
2/17 Refund DELAWARE LTD-TERM DIVE 302.80
2/21 Refund VOYA SHORT TERM BOND A 692.83
2/21 Refund INVESCO FLOATING RATE 130.70
TOTAL OTHER CREDITS AND DEBITS $1,839.01
TOTAL OTHER CREDITS $1,839.01
MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY
Activity
Date Activity Type Description Credits/(Debits)
2/1 Automatic Investment MSILF GOVT SEC PART $323.93
2/1 Automatic Redemption BANK DEPOSIT PROGRAM (33.97)
2/1 Automatic Redemption MSILF GOVT SEC PART (5,210.65)
2/2 Automatic Redemption BANK DEPOSIT PROGRAM (1,694,619.37)
2/2 Automatic Redemption MSILF GOVT SEC PART (14,108,647.79)
2/3 Automatic Investment BANK DEPOSIT PROGRAM 29,266.14
2/6 Automatic Investment BANK DEPOSIT PROGRAM 103,619.51
2/7 Automatic Redemption BANK DEPOSIT PROGRAM (130,201.07)
2/8 Automatic Redemption BANK DEPOSIT PROGRAM (137,156.80)
2/9 Automatic Redemption BANK DEPOSIT PROGRAM (8,106.31)
2/10 Automatic Redemption BANK DEPOSIT PROGRAM (25,944.19)
2/13 Automatic Redemption BANK DEPOSIT PROGRAM (31,684.55)
2/14 Automatic Redemption BANK DEPOSIT PROGRAM (33,001.01)
2/15 Automatic Investment BANK DEPOSIT PROGRAM 23,975.00
2/17 Automatic Investment BANK DEPOSIT PROGRAM 25,206.17
2/21 Automatic Redemption BANK DEPOSIT PROGRAM (62,193.32)
2/22 Automatic Investment BANK DEPOSIT PROGRAM 823.53
2/23 Automatic Investment BANK DEPOSIT PROGRAM 33,650.19
2/24 Automatic Investment BANK DEPOSIT PROGRAM 1,237.01
2/28 Automatic Investment BANK DEPOSIT PROGRAM 86,900.72
2/28 Automatic Investment BANK DEPOSIT PROGRAM 2.35
2/28 Automatic Investment BANK DEPOSIT PROGRAM 0.45
NET ACTIVITY FOR PERIOD $(15,931,794.03)
Account Detail
CLIENT STATEMENT For the Period February 1-28, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 19 of 20
REALIZED GAIN/(LOSS) DETAIL
SHORT-TERM GAIN/(LOSS)
Security Description
Date
Acquired
Date
Sold Quantity
Sales
Proceeds
Orig / Adj
Total Cost
Realized
Gain/(Loss)Comments
US TSY NOTE 1 3/8 1-15-20 01/31/17 02/01/17 150,000.000 $149,442.90 $149,672.45 $(229.55)
01/31/17 02/03/17 150,000.000 149,595.15 149,672.45 (77.30)
01/31/17 02/03/17 150,000.000 149,735.85 149,672.45 63.40
01/31/17 02/08/17 150,000.000 149,923.35 149,672.45 250.90
01/31/17 02/21/17 175,000.000 174,534.50 174,617.77 (83.27)
01/31/17 02/24/17 175,000.000 174,903.75 174,617.77 285.98
US TSY NOTE 1.000 2-15-18 01/31/17 02/02/17 200,000.000 200,249.40 200,257.29 (7.89)
01/31/17 02/15/17 160,000.000 160,124.48 160,198.51 (74.03)
01/31/17 02/27/17 175,000.000 175,183.93 175,209.94 (26.01)
01/31/17 02/28/17 100,000.000 100,081.70 100,119.56 (37.86)
Short-Term This Period $1,583,775.01 $1,583,710.64 $64.37
Short-Term Year to Date $1,853,354.66 $1,851,862.40 $1,492.26
Net Realized Gain/(Loss) This Period $1,583,775.01 $1,583,710.64 $64.37
Net Realized Gain/(Loss) Year to Date $13,457,322.12 $13,539,131.29 $(81,809.17)
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
Introducing Market Value Over Time Chart
Morgan Stanley Online has added a Historical Value graph on the Home Page, which displays your account’s month-end Total Value, Net Invested Capital and Investment Earnings. Under Portfolio Reports, this graph
is customizable by custom date range and will update month-end values for any adjustments made to the account. Therefore, starting with the January 2017 month-end statement, we replaced the current Change in
Value Over Time graph with a Market Value Over Time bar chart, which displays the month-end Total Value for a rolling thirteen months.
Looking To Increase Your Retirement Savings?
There's still time before the April 18, 2017, deadline to make a contribution to an IRA for 2016 subject to IRS eligibility requirements (including any applicable age or income restrictions). Open a Traditional IRA with
contributions that may be tax-deductible on your 2016 tax return, a Traditional IRA with non-deductible contributions or a Roth IRA with non-deductible contributions and the advantage of tax-free withdrawals (if
certain conditions are met). The maximum contribution is the lesser of (a) your taxable compensation for 2016, or (b) $5,500 (or $6,500 if you are age 50 or older). These limits apply to all your IRAs combined.
Please call your Financial Advisor or Private Wealth Advisor for more information about your retirement savings strategy.
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.
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