07 - April 2017TOTAL VALUE OF YOUR ACCOUNT (as of 4/30/17)$16,160,294.51
Includes Accrued Interest
CLIENT STATEMENT For the Period April 1-30, 2017
660 - 110000 - 095 -1 - 0
STATEMENT FOR:
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Morgan Stanley Smith Barney LLC. Member SIPC.
Access Your Account 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
#BWNJGWM
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
800 SEMINOLE ROAD
ATLANTIC BCH FL 32233-5444
Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326
Standard Disclosures
CLIENT STATEMENT For the Period April 1-30, 2017 Page 2 of 22
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
Consulting and Evaluation Services Active Assets Account
660-110000-095
CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest)
This Period
(4/1/17-4/30/17)
This Year
(1/1/17-4/30/17)
TOTAL BEGINNING VALUE $16,147,541.69 $16,100,433.59
Credits —1,839.01
Debits (7,246.45)(12,491.07)
Security Transfers ——
Net Credits/Debits/Transfers $(7,246.45)$(10,652.06)
Change in Value 19,999.27 70,512.98
TOTAL ENDING VALUE $16,160,294.51 $16,160,294.51
Net Credits / Debits include investment advisory fees as applicable. See Activity section for details.
MARKET VALUE OVER TIME
The below chart displays the most recent thirteen months of Market Value.
CLIENT STATEMENT For the Period April 1-30, 2017
Account Summary
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and
MMF balances. These classifications do not constitute a recommendation and may differ from the
classification of instruments for regulatory or tax purposes.
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
13
14
15
16
17
18
($
)
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 3 of 22
ASSET ALLOCATION (includes accrued interest)
Cash
Fixed Income & Preferreds
Market Value Percentage
Cash $1,931,878.60 11.95
Fixed Income & Preferreds 14,228,415.91 88.05
TOTAL VALUE $16,160,294.51 100.00%
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.
Account Summary
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 4 of 22
BALANCE SHEET (^ includes accrued interest)
Last Period
(as of 3/31/17)
This Period
(as of 4/30/17)
Cash, BDP, MMFs $543,478.65 $2,062,895.23
Corporate Fixed Income^3,786,402.19 4,262,235.27
Government Securities^11,817,483.55 9,966,180.64
Net Unsettled Purchases/Sales 177.30 (49,969.30)
Total Assets $16,147,541.69 $16,241,341.84
Cash, BDP, MMFs (Debit)—(81,047.33)
Total Liabilities (outstanding balance)—$(81,047.33)
TOTAL VALUE $16,147,541.69 $16,160,294.51
CASH FLOW
This Period
(4/1/17-4/30/17)
This Year
(1/1/17-4/30/17)
OPENING CASH, BDP, MMFs $543,478.65 $4,239,844.93
Purchases (959,936.34)(20,614,147.54)
Dividend Reinvestments —(22,669.13)
Sales and Redemptions 2,343,541.17 18,251,280.70
Prior Net Unsettled Purch/Sales 177.30 N/A
Net Unsettled Purch/Sales 49,969.30 49,969.30
Return of Principal 3,504.95 7,753.47
Income and Distributions 8,359.32 80,468.23
Total Investment Related Activity $1,445,615.70 $(2,247,344.97)
Other Credits —1,839.01
Other Debits (7,246.45)(12,491.07)
Total Cash Related Activity $(7,246.45)$(10,652.06)
Total Card/Check Activity ——
CLOSING CASH, BDP, MMFs $1,981,847.90 $1,981,847.90
INCOME AND DISTRIBUTION SUMMARY
This Period
(4/1/17-4/30/17)
This Year
(1/1/17-4/30/17)
Other Dividends —$22,460.98
Interest 8,359.32 39,825.23
Total Taxable Income And Distributions $8,359.32 $62,286.21
Total Tax-Exempt Income ——
TOTAL INCOME AND DISTRIBUTIONS $8,359.32 $62,286.21
Taxable and tax exempt income classifications are based on the characteristics of the underlying
securities and not the taxable status of the account.
GAIN/(LOSS) SUMMARY
Realized This Period
(4/1/17-4/30/17)
Realized This Year
(1/1/17-4/30/17)
Unrealized
Inception to Date
(as of 4/30/17)
Short-Term Gain $7,823.95 $10,973.76 $12,003.72
Short-Term (Loss)(420.46)(6,435.94)(17,854.50)
Total Short-Term $7,403.49 $4,537.82 $(5,850.78)
Long-Term Gain —10,958.01 —
Long-Term (Loss)—(90,901.54)—
Total Long-Term —$(79,943.53)—
TOTAL GAIN/(LOSS)$7,403.49 $(75,405.71)$(5,850.78)
The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational
purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures.
Account Summary
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 5 of 22
ADDITIONAL ACCOUNT INFORMATION
Category
This Period
(4/1/17-4/30/17)
This Year
(1/1/17-4/30/17)Category
This Period
(4/1/17-4/30/17)
This Year
(1/1/17-4/30/17)
Accrued Interest Paid $3,476.31 $53,567.84 Accrued Interest Received 6,094.50 11,453.05
U.S. Treasury Coupon Interest 202.02 23,202.02
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
Investment Objectives †: Income,Capital Appreciation,Aggressive Income,Speculation Investment Advisory Account
Manager:GALLIARD CAPITAL MANAGEMENT, INC.
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 6 of 22
† 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 $(81,047.33)
MSILF GOVT SEC PART 62,883.26 0.340 213.80 —
MORGAN STANLEY PRIVATE BANK NA #1,755,009.56 —351.00 0.020
MORGAN STANLEY BANK N.A. #245,002.41 —49.00 0.020
BANK DEPOSITS $2,000,011.97 $400.00
Percentage
of Holdings Market Value Est Ann Income
CASH, BDP, AND MMFs $1,981,847.90 $613.80
NET UNSETTLED PURCHASES/SALES $(49,969.30)
CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)11.95%$1,931,878.60
# 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.
Certain money market funds classified as government funds and retail funds seek (although they cannot guarantee) to maintain a share price of $1.00, therefore the dollar amounts listed equal the number of shares.
Additional information concerning these transactions is available upon request. For more information about the pricing of Money Market Funds, please see the Expanded Disclosures. The money market funds
reflected above include the balances in your automatic sweep feature, if any, and may include other money market funds that have been purchased in your account.
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 7 of 22
Percentage
of Holdings Market Value Est Ann Income
The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales.
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 %
ECOLAB INC
Coupon Rate 1.450%; Matures 12/08/2017; CUSIP 278865AP5
3/2/17 50,000.000 $99.929
$99.929
$99.870 $49,964.50
$49,964.50 $49,935.00 $(29.50)ST
$725.00
$285.97
1.45
Int. Semi-Annually Jun/Dec 08; Yield to Maturity 1.666%; Moody BAA1 S&P A-; Issued 12/13/12; Asset Class: FI & Pref
BECTON DICKINSON AND CO
Coupon Rate 1.800%; Matures 12/15/2017; CUSIP 075887BD0
3/7/17 35,000.000 100.229
100.187
99.935 35,080.15
35,065.32 34,977.25 (88.07)ST
630.00
236.25
1.80
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.904%; Moody BAA2 (-) S&P BBB+ (-); Issued 12/15/14; Asset Class: FI & Pref
MORGAN STANLEY SER-F
Coupon Rate 1.875%; Matures 01/05/2018; CUSIP 61761JVM8
3/21/17 30,000.000 100.187
100.162
100.181 30,056.10
30,048.73 30,054.30 5.57 ST
563.00
179.68
1.87
Int. Semi-Annually Jan/Jul 05; Yield to Maturity 1.605%; Moody A3 S&P BBB+; Issued 12/05/14; Asset Class: FI & Pref
REALTY INCOME CORPORATION
Coupon Rate 2.000%; Matures 01/31/2018; CUSIP 756109AM6
3/3/17 55,000.000 100.347
100.290
100.204 55,190.85
55,159.55 55,112.20 (47.35)ST
1,100.00
275.00
1.99
Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/17; Yield to Call 1.691%; Moody BAA1 S&P BBB+; Issued 10/10/12; Asset Class: FI & Pref
AIRGAS INC
Coupon Rate 1.650%; Matures 02/15/2018; CUSIP 009363AN2
3/9/17 50,000.000 100.124
100.106
100.180 50,062.00
50,053.23 50,090.00 36.77 ST
825.00
171.87
1.64
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/18; Yield to Call 1.393%; Moody A3 S&P A-; Issued 02/14/13; Asset Class: FI & Pref
NORTHERN STATES PWR MINN
Coupon Rate 5.250%; Matures 03/01/2018; CUSIP 665772CD9
3/3/17 45,000.000 103.651
103.087
103.035 46,642.95
46,389.35 46,365.75 (23.60)ST
2,363.00
387.18
5.09
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.579%; Moody AA3 S&P A; Issued 03/18/08; Asset Class: FI & Pref
PECO ENERGY CO
Coupon Rate 5.350%; Matures 03/01/2018; CUSIP 693304AL1
3/6/17 32,000.000 103.717
103.170
103.243 33,189.44
33,014.37 33,037.76 23.39 ST
1,712.00
280.57
5.18
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.432%; Moody AA3 S&P A-; Issued 03/03/08; Asset Class: FI & Pref
MIDAMERICAN ENERGY CO
Coupon Rate 5.300%; Matures 03/15/2018; CUSIP 595620AH8
3/8/17 35,000.000 103.716
103.225
103.251 36,300.60
36,128.81 36,137.85 9.04 ST
1,855.00
231.87
5.13
Int. Semi-Annually Mar/Sep 15; Yield to Maturity 1.543%; Moody AA2 S&P A+; Issued 03/25/08; Asset Class: FI & Pref
OVERSEAS PRIVATE INVESTMENT CORPORATION
Zero Coupon; Matures 03/17/2018; CUSIP 690353T31
3/13/17 200,000.000 100.000
100.000
100.221 200,000.00
200,000.00 200,442.00 442.00 ST
——
Issued 03/17/17; Asset Class: FI & Pref
DUKE ENERGY CAROLINAS
Coupon Rate 5.100%; Matures 04/15/2018; CUSIP 26442CAD6
3/28/17 50,000.000 103.514
103.233
103.419 51,757.00
51,616.66 51,709.50 92.84 ST
2,550.00
106.25
4.93
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.493%; Moody AA2 S&P A; Issued 04/14/08; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 8 of 22
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
103.535
103.542 31,311.60
31,060.55 31,062.60 2.05 ST
1,635.00
68.12
5.26
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.707%; 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
103.890
103.766 31,360.20
31,167.07 31,129.80 (37.27)ST
1,695.00
842.79
5.44
Int. Semi-Annually May/Nov 01; Yield to Maturity 1.842%; Moody BAA1 S&P BBB+; Issued 05/02/08; Asset Class: FI & Pref
CONNECTICUT LIGHT & PWR
Coupon Rate 5.650%; Matures 05/01/2018; CUSIP 207597ED3
3/2/17 50,000.000 104.599
104.002
103.992 52,299.50
52,001.23 51,996.00 (5.23)ST
2,825.00
1,404.65
5.43
Int. Semi-Annually May/Nov 01; Yield to Maturity 1.621%; Moody A2 S&P A+; Issued 05/27/08; Asset Class: FI & Pref
PUB SVC ELEC & GAS
Coupon Rate 5.300%; Matures 05/01/2018; CUSIP 74456QAS5
3/21/17 50,000.000 103.966
103.598
103.558 51,983.00
51,799.16 51,779.00 (20.16)ST
2,650.00
1,317.63
5.11
Int. Semi-Annually May/Nov 01; Yield to Maturity 1.706%; Moody AA3 S&P A; Issued 04/17/08; Asset Class: FI & Pref
ENTERPRISE PRODUCTS OPER
Coupon Rate 1.650%; Matures 05/07/2018; CUSIP 29379VBG7
3/9/17 35,000.000 99.806
99.806
99.896 34,932.10
34,932.10 34,963.60 31.50 ST
578.00
277.52
1.65
Int. Semi-Annually May/Nov 07; Yield to Maturity 1.753%; Moody BAA1 S&P BBB+; Issued 05/07/15; Asset Class: FI & Pref
PARKER-HANNIFIN CORP
Coupon Rate 5.500%; Matures 05/15/2018; CUSIP 70109HAH8
3/3/17 30,000.000 104.643
104.070
104.100 31,392.90
31,220.98 31,230.00 9.02 ST
1,650.00
756.24
5.28
Int. Semi-Annually May/Nov 15; Yield to Maturity 1.517%; Moody BAA1 S&P A; Issued 05/16/08; 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
104.367
104.258 31,595.10
31,310.06 31,277.40 (32.66)ST
1,740.00
797.49
5.56
Int. Semi-Annually May/Nov 15; Yield to Maturity 1.659%; Moody A2 S&P A; Issued 05/13/08; Asset Class: FI & Pref
AVISTA CORPORATION
Coupon Rate 5.950%; Matures 06/01/2018; CUSIP 05379BAN7
4/12/17 50,000.000 104.604
104.456
104.465 52,302.00
52,228.18 52,232.50 4.32 ST
2,975.00
1,231.31
5.69
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.779%; Moody A2 S&P A-; Issued 04/03/08; Asset Class: FI & Pref
NORTHROP GRUMMAN CORP
Coupon Rate 1.750%; Matures 06/01/2018; CUSIP 666807BF8
3/1/17 35,000.000 100.209
100.183
100.196 35,073.15
35,064.16 35,068.60 4.44 ST
613.00
253.50
1.74
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.567%; Moody BAA2 S&P BBB; Issued 05/31/13; 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
102.763
102.471 25,796.25
25,690.79 25,617.75 (73.04)ST
1,063.00
439.75
4.14
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.939%; 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
100.274
100.217 30,097.20
30,082.09 30,065.10 (16.99)ST
585.00
219.37
1.94
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.754%; Moody BAA2 S&P A- (-); Issued 06/23/15; Asset Class: FI & Pref
WEC ENERGY GROUP INC
Coupon Rate 1.650%; Matures 06/15/2018; CUSIP 976657AJ5
3/8/17 50,000.000 99.817
99.817
99.964 49,908.50
49,908.50 49,982.00 73.50 ST
825.00
309.37
1.65
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.682%; Moody A3 S&P BBB+; Issued 06/10/15; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 9 of 22
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 %
PACIFICORP
Coupon Rate 5.650%; Matures 07/15/2018; CUSIP 695114CH9
3/1/17 30,000.000 105.348
104.751
104.692 31,604.40
31,425.27 31,407.60 (17.67)ST
1,695.00
494.37
5.39
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.708%; Moody A1 S&P A+; Issued 07/17/08; Asset Class: FI & Pref
GOLDMAN SACHS GROUP INC
Coupon Rate 2.900%; Matures 07/19/2018; CUSIP 38147MAA3
3/21/17 30,000.000 101.366
101.260
101.335 30,409.80
30,378.13 30,400.50 22.37 ST
870.00
244.08
2.86
Int. Semi-Annually Jan/Jul 19; Yield to Maturity 1.787%; Moody A3 S&P BBB+; Issued 07/19/13; Asset Class: FI & Pref
VERIZON COMMUNICATIONS
Coupon Rate 2.871%; Matures 09/14/2018; CUSIP 92343VBM5
3/9/17 35,000.000 102.256
102.061
102.042 35,789.60
35,721.45 35,714.70 (6.75)ST
1,005.00
128.40
2.81
Interest Paid Quarterly Dec 14; Yield to Maturity 1.363%; Floater; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref
NORTHERN STATES POWER COMPANY
Coupon Rate 5.250%; Matures 10/01/2018; CUSIP 665789AV5
3/6/17 30,000.000 105.174
104.700
105.011 31,552.20
31,409.93 31,503.30 93.37 ST
1,575.00
126.87
4.99
Int. Semi-Annually Apr/Oct 01; Yield to Maturity 1.662%; Moody AA3 S&P A; Issued 10/02/03; 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
100.946
101.181 30,329.10
30,283.66 30,354.30 70.64 ST
765.00
31.87
2.52
Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/18; Yield to Call 1.677%; 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
102.542
102.412 25,727.00
25,635.47 25,603.00 (32.47)ST
925.00
423.95
3.61
Int. Semi-Annually May/Nov 15; Callable $100.00 on 08/15/18; Yield to Call 1.801%; 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
100.598
100.525 30,197.40
30,179.46 30,157.50 (21.96)ST
690.00
262.58
2.28
Int. Semi-Annually Jun/Dec 13; Callable $100.00 on 11/13/18; Yield to Call 1.951%; Moody BAA1 S&P BBB+; Issued 11/13/13; Asset Class: FI & Pref
THERMO FISHER SCIENTIFIC INC
Coupon Rate 2.150%; Matures 12/14/2018; CUSIP 883556BL5
4/18/17 35,000.000 100.612
100.602
100.428 35,214.20
35,210.63 35,149.80 (60.83)ST
753.00
282.18
2.14
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.880%; Moody BAA2 S&P BBB; Issued 12/09/15; 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
101.251
101.021 35,479.85
35,437.68 35,357.35 (80.33)ST
910.00
265.41
2.57
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.988%; 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
100.973
101.161 30,330.60
30,291.84 30,348.30 56.46 ST
788.00
196.87
2.59
Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.947%; Moody A3 S&P BBB+; Issued 01/31/14; Asset Class: FI & Pref
CONOCOPHILLIPS
Coupon Rate 5.750%; Matures 02/01/2019; CUSIP 20825CAR5
3/28/17 25,000.000 106.858
106.550
106.725 26,714.50
26,637.59 26,681.25 43.66 ST
1,438.00
355.38
5.38
Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.832%; Moody BAA2 S&P A-; Issued 02/03/09; Asset Class: FI & Pref
MORGAN STANLEY
Coupon Rate 2.450%; Matures 02/01/2019; CUSIP 61746BDX1
2/3/17 30,000.000 100.834
100.738
100.826 30,250.20
30,221.50 30,247.80 26.30 ST
735.00
181.70
2.42
Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.967%; Moody A3 S&P BBB+; Issued 01/27/16; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 10 of 22
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
100.778
100.678 25,219.75
25,194.50 25,169.50 (25.00)ST
550.00
135.97
2.18
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/18; Yield to Call 1.741%; 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
108.335
108.062 38,209.50
37,917.42 37,821.70 (95.72)ST
2,345.00
579.73
6.20
Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.994%; 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
3/7/17
30,000.000
25,000.000
101.628
101.443
101.395
101.294
101.377
101.377
30,488.40
30,432.84
25,348.75
25,323.53
30,413.10
25,344.25
(19.74)
20.72
ST
ST
Total 55,000.000 55,837.15
55,756.37 55,757.35 0.98 ST
1,513.00
315.10
2.71
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/19; Yield to Call 1.926%; Moody A3 S&P A-; Issued 08/15/13; Asset Class: FI & Pref
PRINCETON UNIVERSITY
Coupon Rate 4.950%; Matures 03/01/2019; CUSIP 89837LAA3
3/24/17 50,000.000 106.229
105.944
105.997 53,114.50
52,972.17 52,998.50 26.33 ST
2,475.00
405.62
4.66
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.621%; Moody AAA S&P AAA; Issued 01/21/09; 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
103.984
104.098 32,376.40
32,234.95 32,270.38 35.43 ST
1,380.00
226.08
4.27
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.160%; 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
100.954
101.159 25,268.00
25,238.41 25,289.75 51.34 ST
600.00
75.00
2.37
Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/19; Yield to Call 1.739%; Moody AA2 S&P A+; Issued 09/19/13; Asset Class: FI & Pref
EATON CORP
Coupon Rate 6.950%; Matures 03/20/2019; CUSIP 278058DH2
3/3/17 40,000.000 109.728
109.034
108.998 43,891.20
43,613.70 43,599.20 (14.50)ST
2,780.00
308.88
6.37
Int. Semi-Annually Mar/Sep 20; Yield to Maturity 2.067%; Moody BAA1 S&P A-; Issued 03/16/09; Asset Class: FI & Pref
CATERPILLAR FINL SERVICE
Coupon Rate 1.900%; Matures 03/22/2019; CUSIP 14912L6W6
3/20/17 60,000.000 99.940
99.940
100.035 59,964.00
59,964.00 60,021.00 57.00 ST
1,140.00
117.16
1.89
Int. Semi-Annually Mar/Sep 22; Callable $100.00 on 05/28/17; Yield to Call 1.438%; First Coupon 09/22/17; Moody A3 S&P A; Issued 03/23/17; Asset Class: FI & Pref
NORTHWESTERN CORP
Coupon Rate 6.340%; Matures 04/01/2019; CUSIP 668074AT4
4/24/17 30,000.000 108.302
108.255
108.161 32,490.60
32,476.44 32,448.30 (28.14)ST
1,902.00
153.21
5.86
Int. Semi-Annually Apr/Oct 01; Yield to Maturity 1.985%; Moody A2 S&P A-; Issued 03/26/09; Asset Class: FI & Pref
PORTLAND GENERAL ELECTRIC
Coupon Rate 6.100%; Matures 04/15/2019; CUSIP 736508BQ4
3/1/17 45,000.000 108.304
107.712
108.208 48,736.80
48,470.34 48,693.60 223.26 ST
2,745.00
114.37
5.63
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.814%; Moody A1 S&P A-; Issued 04/16/09; 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
101.075
101.074 40,465.20
40,430.00 40,429.60 (0.40)ST
1,000.00
497.22
2.47
Int. Semi-Annually May/Nov 01; Callable $100.00 on 04/01/19; Yield to Call 1.927%; Moody BAA1 S&P BBB+; Issued 05/01/14; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 11 of 22
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 %
PEPSICO INC
Coupon Rate 1.550%; Matures 05/02/2019; CUSIP 713448DR6
4/27/17 30,000.000 99.925
99.925
99.945 29,977.50
29,977.50 29,983.50 6.00 ST
465.00 1.55
Int. Semi-Annually May/Nov 02; Yield to Maturity 1.578%; First Coupon 11/02/17; Moody A1e; Issued 05/02/17; Asset Class: FI & Pref
AMERICAN EXPRESS CREDIT
Coupon Rate 1.875%; Matures 05/03/2019; CUSIP 0258M0EK1
4/27/17 20,000.000 99.959
99.959
100.060 19,991.80
19,991.80 20,012.00 20.20 ST
375.00 1.87
Int. Semi-Annually May/Nov 03; Callable $100.00 on 04/03/19; Yield to Call 1.843%; First Coupon 11/03/17; Moody A2; Issued 05/03/17; 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
106.489
106.520 43,956.10
43,660.49 43,673.20 12.71 ST
2,101.00
869.68
4.81
Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.921%; 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
107.877
108.124 44,580.94
44,229.38 44,330.84 101.46 ST
2,419.00
907.12
5.45
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.976%; Moody BAA1 S&P BBB+; Issued 06/01/09; Asset Class: FI & Pref
MAGELLAN MIDSTREAM PARTNERS LP
Coupon Rate 6.550%; Matures 07/15/2019; CUSIP 559080AE6
4/18/17 35,000.000 109.630
109.512
109.210 38,370.50
38,329.35 38,223.50 (105.85)ST
2,293.00
668.64
5.99
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.250%; Moody BAA1 S&P BBB+; Issued 06/26/09; Asset Class: FI & Pref
ROCKWELL COLLINS INC
Coupon Rate 1.950%; Matures 07/15/2019; CUSIP 774341AG6
3/28/17 10,000.000 99.904
99.904
100.127 9,990.40
9,990.40 10,012.70 22.30 ST
195.00
10.83
1.94
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.891%; First Coupon 07/15/17; Moody BAA2 S&P BBB; Issued 04/10/17; 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
100.867
100.747 35,324.80
35,303.49 35,261.45 (42.04)ST
788.00
164.06
2.23
Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.915%; Moody A2 S&P A-; Issued 08/15/14; Asset Class: FI & Pref
PUBLIC SERVICE ELECTRIC
Coupon Rate 2.000%; Matures 08/15/2019; CUSIP 74456QBJ4
3/20/17 35,000.000 99.971
99.971
100.133 34,989.85
34,989.85 35,046.55 56.70 ST
700.00
145.83
1.99
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 07/15/19; Yield to Call 1.938%; Moody AA3 S&P A; Issued 08/12/14; 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
108.118
108.026 32,657.70
32,435.47 32,407.80 (27.67)ST
1,763.00
73.43
5.44
Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 07/15/19; Yield to Call 2.133%; Moody BAA2 S&P A-; Issued 10/09/09; Asset Class: FI & Pref
JPMORGAN CHASE & CO
Coupon Rate 2.250%; Matures 01/23/2020; CUSIP 46625HKA7
3/14/17 25,000.000 99.798
99.798
100.412 24,949.50
24,949.50 25,103.00 153.50 ST
563.00
151.56
2.24
Int. Semi-Annually Jan/Jul 23; Callable $100.00 on 12/23/19; Yield to Call 2.089%; Moody A3 S&P A-; Issued 01/23/15; Asset Class: FI & Pref
MORGAN STANLEY
Coupon Rate 2.650%; Matures 01/27/2020; CUSIP 61747YDW2
2/6/17 34,000.000 101.003
100.928
101.313 34,341.02
34,315.57 34,446.42 130.85 ST
901.00
232.75
2.61
Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.154%; Moody A3 S&P BBB+; Issued 01/27/15; Asset Class: FI & Pref
SUNTRUST BANKS INC
Coupon Rate 2.250%; Matures 01/31/2020; CUSIP 86787EAR8
4/12/17 20,000.000 100.546
100.539
100.518 20,109.20
20,107.82 20,103.60 (4.22)ST
450.00
111.24
2.23
Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/19; Yield to Call 2.049%; First Coupon 07/31/17; Moody BAA1 S&P A-; Issued 02/01/17; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 12 of 22
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 %
APPLE INC
Coupon Rate 1.900%; Matures 02/07/2020; CUSIP 037833CK4
2/2/17 60,000.000 99.951
99.951
100.537 59,970.60
59,970.60 60,322.20 351.60 ST
1,140.00
256.50
1.88
Int. Semi-Annually Feb/Aug 07; Yield to Maturity 1.700%; First Coupon 08/07/17; Moody AA1 S&P AA+; Issued 02/09/17; Asset Class: FI & Pref
PNC FUNDING CORP
Coupon Rate 5.125%; Matures 02/08/2020; CUSIP 693476BJ1
2/24/17 30,000.000 108.679
108.199
108.135 32,603.70
32,459.59 32,440.50 (19.09)ST
1,538.00
350.20
4.74
Int. Semi-Annually Feb/Aug 08; Yield to Maturity 2.088%; 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
100.519 54,921.90
54,921.90 55,285.45 363.55 ST
1,100.00
226.11
1.98
Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.808%; 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
100.037 49,804.50
49,804.50 50,018.50 214.00 ST
900.00
182.50
1.79
Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.786%; 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
100.279 49,910.00
49,910.00 50,139.50 229.50 ST
975.00
170.62
1.94
Int. Semi-Annually Feb/Aug 27; Yield to Maturity 1.848%; First Coupon 08/27/17; Moody A1 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
3/3/17
33,000.000
22,000.000
99.813
99.813
99.492
99.492
99.998
99.998
32,938.29
32,938.29
21,888.24
21,888.24
32,999.34
21,999.56
61.05
111.32
ST
ST
Total 55,000.000 54,826.53
54,826.53 54,998.90 172.37 ST
1,128.00
184.78
2.05
Int. Semi-Annually Mar/Sep 01; Callable $100.00 on 02/01/20; Yield to Call 2.050%; 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
100.530 19,979.20
19,979.20 20,106.00 126.80 ST
440.00
69.66
2.18
Int. Semi-Annually Mar/Sep 03; Callable $100.00 on 02/01/20; Yield to Call 2.001%; First Coupon 09/03/17; Moody A2 S&P A-; Issued 03/03/17; Asset Class: FI & Pref
THE WALT DISNEY COMPANY
Coupon Rate 1.950%; Matures 03/04/2020; CUSIP 25468PDP8
3/1/17 40,000.000 99.974
99.974
100.501 39,989.60
39,989.60 40,200.40 210.80 ST
780.00
117.00
1.94
Int. Semi-Annually Mar/Sep 04; Yield to Maturity 1.768%; First Coupon 09/04/17; Moody A2 S&P A; Issued 03/06/17; Asset Class: FI & Pref
GREAT PLAINS ENERGY INC
Coupon Rate 2.500%; Matures 03/09/2020; CUSIP 391164AG5
3/6/17 55,000.000 99.922
99.922
101.165 54,957.10
54,957.10 55,640.75 683.65 ST
1,375.00
194.79
2.47
Int. Semi-Annually Mar/Sep 09; Yield to Maturity 2.078%; First Coupon 09/09/17; Moody BAA3 S&P BBB; Issued 03/09/17; Asset Class: FI & Pref
JOHN DEERE CAPITAL CORP
Coupon Rate 2.200%; Matures 03/13/2020; CUSIP 24422ETQ2
3/10/17 55,000.000 99.922
99.922
100.845 54,957.10
54,957.10 55,464.75 507.65 ST
1,210.00
151.25
2.18
Int. Semi-Annually Mar/Sep 13; Yield to Maturity 1.896%; First Coupon 09/13/17; Moody A2 S&P A; Issued 03/15/17; 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
107.843
108.266 32,539.80
32,352.89 32,479.80 126.91 ST
1,613.00
201.56
4.96
Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.382%; Moody A3 S&P BBB+; Issued 03/08/10; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 13 of 22
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 %
JP MORGAN CHASE
Coupon Rate 4.950%; Matures 03/25/2020; CUSIP 46625HHQ6
2/23/17 30,000.000 108.274
107.816
107.931 32,482.20
32,344.69 32,379.30 34.61 ST
1,485.00
144.37
4.58
Int. Semi-Annually Mar/Sep 25; Yield to Maturity 2.118%; Moody A3 S&P A-; Issued 03/25/10; Asset Class: FI & Pref
AMPHENOL CORP
Coupon Rate 2.200%; Matures 04/01/2020; CUSIP 032095AF8
3/29/17 40,000.000 99.922
99.922
100.233 39,968.80
39,968.80 40,093.20 124.40 ST
880.00
61.11
2.19
Int. Semi-Annually Apr/Oct 01; Yield to Maturity 2.117%; First Coupon 10/01/17; Moody BAA1 S&P BBB+; Issued 04/05/17; 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
109.166
110.708 58,232.69
57,857.76 58,675.24 817.48 ST
2,995.00
124.77
5.10
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.910%; Moody AA3 S&P A; Issued 03/24/05; Asset Class: FI & Pref
MCDONALD'S CORP
Coupon Rate 2.200%; Matures 05/26/2020; CUSIP 58013MET7
3/6/17 50,000.000 100.053
100.051
100.362 50,026.50
50,025.35 50,181.00 155.65 ST
1,100.00
470.55
2.19
Int. Semi-Annually May/Nov 26; Callable $100.00 on 04/26/20; Yield to Call 2.074%; Moody BAA1 S&P BBB+; Issued 05/26/15; Asset Class: FI & Pref
DUKE ENERGY CAROLINAS LLC
Coupon Rate 4.300%; Matures 06/15/2020; CUSIP 26442CAJ3
4/18/17 30,000.000 107.299
107.236
107.036 32,189.70
32,170.87 32,110.80 (60.07)ST
1,290.00
483.75
4.01
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.967%; Moody AA2 S&P A; Issued 06/07/10; Asset Class: FI & Pref
MORGAN STANLEY
Coupon Rate 2.800%; Matures 06/16/2020; CUSIP 61761JB32
3/21/17 30,000.000 101.323
101.282
101.524 30,396.90
30,384.67 30,457.20 72.53 ST
840.00
312.66
2.75
Int. Semi-Annually Jun/Dec 16; Yield to Maturity 2.292%; Moody A3 S&P BBB+; Issued 06/16/15; Asset Class: FI & Pref
BANK OF AMERICA CORP
Coupon Rate 5.625%; Matures 07/01/2020; CUSIP 06051GEC9
3/7/17 30,000.000 109.939
109.528
109.829 32,981.70
32,858.42 32,948.70 90.28 ST
1,688.00
557.81
5.12
Int. Semi-Annually Jan/Jul 01; Yield to Maturity 2.385%; Moody BAA1 S&P BBB+; Issued 06/22/10; Asset Class: FI & Pref
ERP OPERATING-LP
Coupon Rate 4.750%; Matures 07/15/2020; CUSIP 26884AAY9
2/1/17
3/28/17
30,000.000
20,000.000
107.259
106.779
106.929
106.760
106.955
106.955
32,177.70
32,033.83
21,385.80
21,351.92
32,086.50
21,391.00
52.67
39.08
ST
ST
Total 50,000.000 53,563.50
53,385.75 53,477.50 91.75 ST
2,375.00
890.62
4.44
Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 04/15/20; Yield to Call 2.304%; 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
104.952
105.561 52,616.50
52,475.88 52,780.50 304.62 ST
2,000.00
494.44
3.78
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 05/01/20; Yield to Call 2.080%; Moody A2 S&P A-; Issued 08/02/10; Asset Class: FI & Pref
PNC FUNDING CORP.
Coupon Rate 4.375%; Matures 08/11/2020; CUSIP 693476BL6
3/28/17 30,000.000 106.442
106.288
106.763 31,932.60
31,886.29 32,028.90 142.61 ST
1,313.00
288.02
4.09
Int. Semi-Annually Feb/Aug 11; Yield to Maturity 2.225%; Moody A3 S&P A-; Issued 08/11/10; 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
100.846
101.314 40,354.00
40,338.23 40,525.60 187.37 ST
1,020.00
167.16
2.51
Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.139%; Moody A3 S&P A; Issued 09/14/15; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 14 of 22
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
104.040
103.815 31,285.80
31,211.87 31,144.50 (67.37)ST
1,088.00
87.60
3.49
Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 07/01/20; Yield to Call 2.368%; 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
103.362
103.270 56,945.35
56,849.27 56,798.50 (50.77)ST
1,788.00
888.78
3.14
Int. Semi-Annually May/Nov 01; Callable $100.00 on 08/01/20; Yield to Call 2.202%; Moody A1 S&P A; Issued 05/01/11; Asset Class: FI & Pref
OVERSEAS PRIVATE INV COR
Zero Coupon; Matures 11/13/2020; CUSIP 690353U70
4/19/17 175,000.000 100.000
100.000
100.130 175,000.00
175,000.00 175,227.50 227.50 ST
——
Issued 04/26/17; 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
106.858
107.186 53,579.50
53,429.13 53,593.00 163.87 ST
2,125.00
973.95
3.96
Int. Semi-Annually May/Nov 15; Yield to Maturity 2.132%; 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
100.876
101.166 15,139.50
15,131.33 15,174.90 43.57 ST
375.00
163.54
2.47
Int. Semi-Annually May/Nov 23; Callable $100.00 on 10/23/20; Yield to Call 2.150%; Moody BAA1 S&P BBB+; Issued 11/23/15; Asset Class: FI & Pref
MARATHON PETROLEUM CORP
Coupon Rate 3.400%; Matures 12/15/2020; CUSIP 56585AAL6
4/17/17 35,000.000 103.157
103.132
103.197 36,104.95
36,096.07 36,118.95 22.88 ST
1,190.00
446.25
3.29
Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 11/15/20; Yield to Call 2.452%; Moody BAA2 S&P BBB; Issued 12/14/15; 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
105.670
106.414 31,803.30
31,700.89 31,924.20 223.31 ST
1,200.00
296.66
3.75
Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/20; Yield to Call 2.091%; 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
3/1/17
30,000.000
20,000.000
104.961
104.682
104.776
104.599
105.100
105.100
31,488.30
31,404.65
20,955.20
20,919.73
31,530.00
21,020.00
125.35
100.27
ST
ST
Total 50,000.000 52,443.50
52,324.38 52,550.00 225.62 ST
1,875.00
390.62
3.56
Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 11/15/20; Yield to Call 2.244%; Moody A2 S&P A; Issued 11/12/10; Asset Class: FI & Pref
JPMORGAN CHASE & CO
Coupon Rate 1.656%; Matures 03/09/2021; CUSIP 46647PAC0
3/2/17 40,000.000 100.000
100.000
99.674 40,000.00
40,000.00 39,869.60 (130.40)ST
662.00
93.85
1.66
Interest Paid Quarterly Jun 09; Yield to Maturity 1.744%; First Coupon 06/09/17; Floater; Moody A3 S&P A-; Issued 03/09/17; 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
101.926
101.747 30,603.60
30,577.71 30,524.10 (53.61)ST
960.00
477.33
3.14
Int. Semi-Annually May/Nov 01; Callable $100.00 on 03/01/21; Yield to Call 2.717%; 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
99.208 34,549.20
34,549.20 34,722.80 173.60 ST
805.00
333.18
2.31
Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Maturity 2.505%; Moody BAA1 S&P BBB+; Issued 05/12/16; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 15 of 22
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 %
JPMORGAN CHASE & CO
Coupon Rate 2.400%; Matures 06/07/2021; CUSIP 46625HRT9
2/23/17 30,000.000 99.563
99.563
99.800 29,868.90
29,868.90 29,940.00 71.10 ST
720.00
285.99
2.40
Int. Semi-Annually Jun/Dec 07; Callable $100.00 on 05/07/21; Yield to Maturity 2.451%; 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
107.642
107.940 32,415.30
32,292.70 32,382.00 89.30 ST
1,425.00
534.37
4.40
Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.702%; Moody BAA2 S&P BBB; Issued 06/14/11; Asset Class: FI & Pref
MCCORMICK & CO
Coupon Rate 3.900%; Matures 07/15/2021; CUSIP 579780AH0
3/3/17 35,000.000 105.351
105.179
106.317 36,872.85
36,812.61 37,210.95 398.34 ST
1,365.00
398.12
3.66
Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.224%; Moody A2 S&P A-; Issued 07/08/11; 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
100.065
100.302 30,020.40
30,019.38 30,090.60 71.22 ST
750.00
218.75
2.49
Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.419%; 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
109.143
110.003 32,886.60
32,742.98 33,000.90 257.92 ST
1,575.00
406.87
4.77
Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.735%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref
BURLINGTN NORTH SANTA FE
Coupon Rate 3.450%; Matures 09/15/2021; CUSIP 12189LAF8
2/15/17 60,000.000 103.853
103.697
104.448 62,311.80
62,218.27 62,668.80 450.53 ST
2,070.00
258.75
3.30
Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 06/15/21; Yield to Call 2.313%; 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
103.178
104.095 36,168.65
36,112.42 36,433.25 320.83 ST
1,173.00
146.56
3.21
Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.359%; Moody BAA1 S&P BBB+; Issued 09/09/11; Asset Class: FI & Pref
NORFOLK SOUTHERN CORP
Coupon Rate 3.250%; Matures 12/01/2021; CUSIP 655844BG2
3/14/17 20,000.000 101.767
101.724
103.015 20,353.40
20,344.76 20,603.00 258.24 ST
650.00
269.02
3.15
Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 09/01/21; Yield to Call 2.511%; Moody BAA1 S&P BBB+; Issued 11/17/11; Asset Class: FI & Pref
PREMIER AIRCRAFT LEASING EXIM
Coupon Rate 3.547%; Matures 04/10/2022; CUSIP 74046BAB2
3/28/17 150,000.000 103.428
103.428
103.226 68,592.52
64,967.42 64,840.53 (126.89)ST
2,228.00
123.77
3.43
Interest Paid Quarterly Jul 10; Yield to Maturity 2.843%; Factor .41876102; Issued 04/29/10; Current Face 62,814.153; 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
99.106 126,014.55
121,808.51 121,938.93 130.42 ST
2,461.00
205.06
2.01
Interest Paid Quarterly Sep 30; Yield to Maturity 2.144%; Factor .61519450; Issued 06/25/12; Current Face 123,038.900; Asset Class: FI & Pref
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 16 of 22
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 4,282,000.000 $4,236,871.14
$4,221,170.44 $4,229,806.50 $8,636.06 ST
$130,419.00
$32,428.77
3.08%
TOTAL CORPORATE FIXED INCOME
(includes accrued interest)
26.37%$4,262,235.27
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 2,515,000.000 $100.129
$100.072
$99.926 $2,518,250.42
$2,516,808.51 $2,513,138.90 $(3,669.61)ST
$25,150.00
$5,141.16
1.00
Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.094%; 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 6,825,000.000 99.856
99.856
99.801 6,815,158.35
6,815,158.24 6,811,418.25 (3,739.99)ST
76,781.00
18,877.15
1.12
Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.240%; Moody AAA; Issued 01/31/17; Asset Class: FI & Pref
UNITED STATES TREASURY NOTE
Coupon Rate 1.375%; Matures 01/15/2020; CUSIP 912828V31
1/31/17 125,000.000 99.782
99.782
99.926 124,727.00
124,726.92 124,907.50 180.58 ST
1,719.00
498.53
1.37
Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.403%; Moody AAA; Issued 01/15/17; Asset Class: FI & Pref
UNITED STATES TREASURY NOTE-INFLATION INDEXED
Coupon Rate 0.125%; Matures 04/15/2021; CUSIP 912828Q60
1/31/17 159,000.000 101.306
101.306
100.953 164,269.44
164,269.44 164,931.04 661.60 ST
204.00
8.36
0.12
Int. Semi-Annually Apr/Oct 15; Factor 1.02751000; Moody AAA; Issued 04/15/16; Current Face 163,374.090; Asset Class: FI & Pref
UNITED STATES TREASURY NOTE-INFLATION INDEXED
Coupon Rate 0.125%; Matures 04/15/2022; CUSIP 912828X39
4/13/17
4/13/17
4/17/17
30,000.000
6,000.000
48,000.000
101.108
101.137
101.195
101.225
100.930
100.960
95.233
95.233
95.233
30,332.25
30,341.19
6,071.71
6,073.48
48,446.35
48,460.80
28,569.90
5,713.98
45,711.84
(1,771.29)
(359.50)
(2,748.96)
ST
ST
ST
4/17/17 24,000.000 100.903
100.933
95.233 24,216.72
24,223.96 22,855.92 (1,368.04)ST
4/17/17 24,000.000 100.905
100.935
95.233 24,217.20
24,224.43 22,855.92 (1,368.51)ST
4/17/17 24,000.000 100.883
100.913
95.233 24,211.92
24,219.16 22,855.92 (1,363.24)ST
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 17 of 22
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 156,000.000 157,496.15
157,543.02 148,563.48 (8,979.54)ST
195.00
7.99
0.13
Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.116%; Issued 04/15/17; Asset Class: FI & Pref
TREASURY SECURITIES 9,780,000.000 $9,779,901.36
$9,778,506.13 $9,762,959.17 $(15,546.96)ST
$104,049.00
$24,533.19
1.07%
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 %
FEDERAL NATIONAL MTG ASSN POOL AN5056
Coupon Rate 2.590%; Matures 04/01/2021; CUSIP 3138LHTN4
3/27/17 95,000.000 $101.438
$101.438
$101.953 $96,365.63
$96,365.63 $96,855.35 $489.72 ST
$2,461.00
$198.20
2.54
Interest Paid Monthly Apr 01; Yield to Maturity 2.068%; Issued 04/01/17; Asset Class: FI & Pref
FEDERAL NATIONAL MTG ASSN POOL AN5051
Coupon Rate 2.550%; Matures 11/01/2021; CUSIP 3138LHTH7
3/27/17 80,000.000 101.125
101.125
101.838 80,900.00
80,900.00 81,470.40 570.40 ST
2,040.00
164.33
2.50
Interest Paid Monthly Apr 01; Yield to Maturity 2.120%; Issued 04/01/17; Asset Class: FI & Pref
FEDERAL AGENCIES 175,000.000 $177,265.63
$177,265.63 $178,325.75 $1,060.12 ST
$4,501.00
$362.53
2.52%
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 9,955,000.000 $9,957,166.99
$9,955,771.76 $9,941,284.92 $(14,486.84)ST
$108,550.00
$24,895.72
1.09%
TOTAL GOVERNMENT SECURITIES
(includes accrued interest)
61.67%$9,966,180.64
Percentage
of Holdings Total Cost Market Value
Unrealized
Gain/(Loss)
Est Ann Income
Accrued Interest
Current
Yield %
TOTAL MARKET VALUE $14,176,942.20 $16,102,970.02 $(5,850.78)ST $239,582.80
$57,324.49
1.48%
TOTAL VALUE (includes accrued interest)100.00%$16,160,294.51
Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not
included.
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 18 of 22
ALLOCATION OF ASSETS (^includes accrued interest)
Cash Equities
Fixed Income &
Preferred Securities Alternatives
Annuities &
Insurance
Structured
Investments Other
Cash, BDP, MMFs $1,931,878.60 ——————
Corporate Fixed Income^——$4,262,235.27 ————
Government Securities^——9,966,180.64 ————
TOTAL ALLOCATION OF ASSETS^$1,931,878.60 —$14,228,415.91 ————
ACTIVITY
INVESTMENT RELATED ACTIVITY
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
4/5 4/6 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 207.18
150,000.000 $99.9723 $150,165.63
4/5 4/6 Bought US TSY NOTE 1875 22MH31 ACTED AS AGENT
ACCRUED INTEREST 46.11
150,000.000 99.9652 (149,993.91)
4/12 4/18 Bought AVISTA CORP 5950 18JN01 ACTED AS AGENT
ACCRUED INTEREST 1,132.15
50,000.000 104.6040 (53,434.15)
4/12 4/18 Bought SUNTRUST BANKS IN 2250 *20JA31 ACTED AS AGENT
ACCRUED INTEREST 96.25
20,000.000 100.5460 (20,205.45)
4/13 4/17 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .21
30,000.000 101.3951 31,219.66
4/13 4/17 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .04
6,000.000 101.4659 6,248.29
4/17 4/18 Sold US TSY NOTE 1125 19JA31 ACTED AS AGENT
ACCRUED INTEREST 837.53
350,000.000 99.9059 350,508.18
4/17 4/18 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .50
48,000.000 101.2184 49,869.43
4/17 4/18 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .25
24,000.000 101.2110 24,932.89
4/17 4/18 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .25
24,000.000 101.2070 24,931.91
4/17 4/18 Sold US TSY NOTE TIIN 0125 21AP15 ACTED AS AGENT
ACCRUED INTEREST .25
24,000.000 101.1910 24,927.96
4/17 4/20 Bought MARATHON PETROLEU 3400 *20DE15 ACTED AS AGENT
ACCRUED INTEREST 413.19
35,000.000 103.1570 (36,518.14)
4/18 4/19 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 535.57
150,000.000 100.1637 150,781.12
4/18 4/21 Bought MAGELLAN MIDSTREA 6550 19JL15 ACTED AS AGENT
ACCRUED INTEREST 611.33
35,000.000 109.6300 (38,981.83)
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 19 of 22
PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED)
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price Credits/(Debits)
4/18 4/21 Bought THERMO FISHER SCI 2150 18DE14 ACTED AS AGENT
ACCRUED INTEREST 263.38
35,000.000 100.6120 (35,477.58)
4/18 4/21 Bought DUKE ENERGY CAROL 4300 20JN15 ACTED AS AGENT
ACCRUED INTEREST 451.50
30,000.000 107.2990 (32,641.20)
4/19 4/20 Sold US TSY NOTE 1125 19JA31 ACTED AS AGENT
ACCRUED INTEREST 1,227.56
500,000.000 99.9294 500,874.56
4/19 4/20 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT
ACCRUED INTEREST 132.60
75,000.000 99.9723 75,111.83
4/20 4/21 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 1,458.56
400,000.000 100.0544 401,676.16
4/20 4/21 Sold US TSY NOTE 1875 22MH31 ACTED AS AGENT
ACCRUED INTEREST 161.37
150,000.000 100.5192 150,940.17
4/20 4/26 Bought OVERSEAS PRIVATE 00000 20NV13 ACTED AS AGENT a/o 04/19/17 175,000.000 100.0000 (175,000.00)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/17/17 48,000.000 100.9299 (48,446.35)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/13/17 30,000.000 101.1075 (30,332.25)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/17/17 24,000.000 100.9050 (24,217.20)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/17/17 24,000.000 100.9030 (24,216.72)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/17/17 24,000.000 100.8830 (24,211.92)
4/20 4/28 Bought US TSY NOTE TIIN 0125 22AP15 ACTED AS AGENT a/o 04/13/17 6,000.000 101.1952 (6,071.71)
4/21 4/24 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 564.05
150,000.000 100.1090 150,727.55
4/24 4/27 Bought NORTHWESTERN CORP 6340 19AP01 ACTED AS AGENT
ACCRUED INTEREST 137.37
30,000.000 108.3020 (32,627.97)
4/25 4/25 Bought FNMA POOL AN5056 2590 21AP01 ACTED AS AGENT
ACCRUED INTEREST 164.03
a/o 03/27/17
95,000.000 101.4375 (96,529.66)
4/26 4/25 Bought - Cancelled FNMA POOL AN5056 2590 21AP01 ACTED AS AGENT
ACCRUED INTEREST 164.03
95,000.000 96,529.66
4/26 4/27 Sold US TSY NOTE 1375 20JA15 ACTED AS AGENT
ACCRUED INTEREST 968.58
250,000.000 99.8629 250,625.83
4/26 4/27 Bought FNMA POOL AN5056 2590 21AP01 ACTED AS AGENT
ACCRUED INTEREST 177.70
a/o 03/27/17
95,000.000 101.4375 (96,543.33)
4/27 5/2 Bought PEPSICO INC 1550 19MY02 ACTED AS AGENT 30,000.000 99.9250 (29,977.50)
4/27 5/3 Bought AMERICAN EXPRESS 1875 *19MY03 ACTED AS AGENT 20,000.000 99.9590 (19,991.80)
4/28 4/27 Bought FNMA POOL AN5051 2550 21NV01 ACTED AS AGENT
ACCRUED INTEREST 147.33
a/o 03/27/17
80,000.000 101.1250 (81,047.33)
TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $1,383,604.83
TOTAL PURCHASES $(959,936.34)
TOTAL SALES AND REDEMPTIONS $2,343,541.17
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 April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 20 of 22
UNSETTLED PURCHASES/SALES ACTIVITY
Activity
Date
Settlement
Date Activity Type Description Comments Quantity Price
Pending
Credits/(Debits)
4/27 5/3 Bought AMERICAN EXPRESS 1875 *19MY03 UNSETTLED PURCHASE 20,000.000 $99.9590 $(19,991.80)
4/27 5/2 Bought PEPSICO INC 1550 19MY02 UNSETTLED PURCHASE 30,000.000 99.9250 (29,977.50)
NET UNSETTLED PURCHASES/SALES $(49,969.30)
This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share
price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services.
RETURN OF PRINCIPAL
Activity Date Activity Type Description Comments Credits/(Debits)
4/10 Principal Payment PREMIER AIRCRAFT 3547 22AP10 CUSIP: 74046BAB2 $3,504.95
TOTAL RETURN OF PRINCIPAL $3,504.95
TAXABLE INCOME AND DISTRIBUTIONS
Activity Date Activity Type Description Comments Credits/(Debits)
4/3 Interest Income NORTHERN STATES 5250 18OC01 CUSIP: 665789AV5 $787.50
4/3 Interest Income AVALONBAY COMM 3625 *20OC01 CUSIP: 05348EAS8 543.75
4/10 Interest Income PREMIER AIRCRAFT 3547 22AP10 CUSIP: 74046BAB2 588.08
4/17 Interest Income CONSUMERS ENERGY 5650 20AP15 CUSIP: 210518CL8 1,497.25
4/17 Interest Income PORTLAND GEN ELEC 6100 19AP15 CUSIP: 736508BQ4 1,372.50
4/17 Interest Income DUKE ENERGY 5100 18AP15 CUSIP: 26442CAD6 1,275.00
4/17 Interest Income BOSTON PROPERTIES 5875 *19OC15 CUSIP: 10112RAQ7 881.25
4/17 Interest Income SOUTHERN CALIF 5450 18AP15 CUSIP: 842434CD2 817.50
4/17 Interest Income MARSH & MCLENNAN 2550 *18OC15 CUSIP: 571748AT9 382.50
4/17 Interest Income US TSY NOTE TIIN 0125 21AP15 CUSIP: 912828Q60 202.02
4/28 Interest Income MORGAN STANLEY PRIVATE BANK NA
(Period 04/01-04/30)
9.56
4/28 Interest Income MORGAN STANLEY BANK N.A.
(Period 04/01-04/30)
2.41
TOTAL TAXABLE INCOME AND DISTRIBUTIONS $8,359.32
TOTAL INTEREST $8,359.32
CASH RELATED ACTIVITY
OTHER CREDITS AND DEBITS
Activity Date Activity Type Description Comments Credits/(Debits)
4/17 Service Fee 2ND QTR ADVISORY FEE $(7,246.45)
TOTAL OTHER CREDITS AND DEBITS $(7,246.45)
TOTAL OTHER DEBITS $(7,246.45)
MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY
Activity
Date Activity Type Description Credits/(Debits)
4/3 Automatic Investment BANK DEPOSIT PROGRAM $5,579.77
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 21 of 22
MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED)
Activity
Date Activity Type Description Credits/(Debits)
4/6 Automatic Investment BANK DEPOSIT PROGRAM 10,167.70
4/7 Automatic Investment BANK DEPOSIT PROGRAM 171.72
4/10 Automatic Redemption BANK DEPOSIT PROGRAM (9,990.40)
4/11 Automatic Investment BANK DEPOSIT PROGRAM 4,093.03
4/17 Automatic Investment BANK DEPOSIT PROGRAM 6,422.88
4/18 Automatic Investment BANK DEPOSIT PROGRAM 30,226.64
4/19 Automatic Investment BANK DEPOSIT PROGRAM 401,530.77
4/20 Automatic Investment BANK DEPOSIT PROGRAM 150,781.12
4/21 Automatic Investment BANK DEPOSIT PROGRAM 539,468.25
4/24 Automatic Investment BANK DEPOSIT PROGRAM 445,515.72
4/25 Automatic Investment BANK DEPOSIT PROGRAM 150,727.55
4/26 Automatic Investment MSILF GOVT SEC PART 2,395.22
4/26 Automatic Redemption BANK DEPOSIT PROGRAM (273,924.88)
4/27 Automatic Investment MSILF GOVT SEC PART 96,529.66
4/28 Automatic Investment BANK DEPOSIT PROGRAM 9.56
4/28 Automatic Investment BANK DEPOSIT PROGRAM 2.41
4/28 Automatic Redemption MSILF GOVT SEC PART (36,041.62)
NET ACTIVITY FOR PERIOD $1,523,665.10
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
PREMIER AIRCRAFT 3.547 4-10-22 03/28/17 04/10/17 3,504.950 $3,504.95 $3,625.10 $(120.15)
US TSY NOTE 1 1/8 1-31-19 01/31/17 04/17/17 350,000.000 349,670.65 349,495.25 175.40
01/31/17 04/19/17 500,000.000 499,647.00 499,279.15 367.85
US TSY NOTE 1 3/8 1-15-20 01/31/17 04/18/17 150,000.000 150,245.55 149,672.41 573.14
01/31/17 04/20/17 400,000.000 400,217.60 399,126.37 1,091.23
01/31/17 04/21/17 150,000.000 150,163.50 149,672.41 491.09
01/31/17 04/26/17 250,000.000 249,657.25 249,453.95 203.30
US TSY NOTE 1 7/8 3-31-22 04/05/17 04/20/17 150,000.000 150,778.80 149,947.80 831.00
US TSY NOTE 1.000 2-15-18 01/31/17 04/05/17 150,000.000 149,958.45 150,160.97 (202.52)
01/31/17 04/19/17 75,000.000 74,979.23 75,077.02 (97.79)
US TSY NOTE TIIN 1/8 4-15-21 01/31/17 04/13/17 30,000.000 31,219.45 30,391.87 827.58
01/31/17 04/13/17 6,000.000 6,248.25 6,078.37 169.88
01/31/17 04/17/17 48,000.000 49,868.93 48,626.99 1,241.94
01/31/17 04/17/17 24,000.000 24,927.71 24,313.49 614.22
Account Detail
CLIENT STATEMENT For the Period April 1-30, 2017
Consulting and Evaluation Services Active Assets Account
660-110000-095
CITY OF ATLANTIC BEACH
C/O RUSSELL CAFFEY
Page 22 of 22
SHORT-TERM GAIN/(LOSS) (CONTINUED)
Security Description
Date
Acquired
Date
Sold Quantity
Sales
Proceeds
Orig / Adj
Total Cost
Realized
Gain/(Loss)Comments
01/31/17 04/17/17 24,000.000 24,931.66 24,313.49 618.17
01/31/17 04/17/17 24,000.000 24,932.64 24,313.49 619.15
Short-Term This Period $2,340,951.62 $2,333,548.13 $7,403.49
Short-Term Year to Date $6,643,613.66 $6,639,075.84 $4,537.82
Net Realized Gain/(Loss) This Period $2,340,951.62 $2,333,548.13 $7,403.49
Net Realized Gain/(Loss) Year to Date $18,247,581.12 $18,322,986.83 $(75,405.71)
Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as
either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments
required when filing your tax return. Refer to the Expanded Disclosures.
MESSAGES
Settlement Cycle Change to Trade Date Plus Two (T+2)
On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle.
Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days.
Important Information About Advisory Accounts
Please notify your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your Investment
Advisory accounts, or to reasonably modify existing restrictions.
For a copy of the applicable ADV Brochure for Morgan Stanley Smith Barney LLC, or for any investment adviser with whom we contract to manage your investment advisory account, please visit
www.morganstanley.com/ADV, or contact your Financial Advisor. These ADV Brochures contain important information about advisory programs.