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11 - August 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 8/31/17)$16,254,301.67 Includes Accrued Interest CLIENT STATEMENT For the Period August 1-31, 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 00 0 2 4 1 2 0 3 A B 0 . 4 0 0 0 3 T R 0 0 0 1 1 M S A D D 2 4 1 0 0 0 0 0 0 #B W N J G W M CI T Y O F A T L A N T I C B E A C H C/ O R U S S E L L C A F F E Y 80 0 S E M I N O L E R O A D AT L A N T I C B C H F L 3 2 2 3 3 - 5 4 4 4 00 2 4 1 2 M S A D D 2 4 1 Standard Disclosures CLIENT STATEMENT For the Period August 1-31, 2017 Page 2 of 24 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 (8/1/17-8/31/17) This Year (1/1/17-8/31/17) TOTAL BEGINNING VALUE $16,216,137.14 $16,100,433.59 Credits —1,860.65 Debits —(25,228.51) Security Transfers —— Net Credits/Debits/Transfers —$(23,367.86) Change in Value 38,164.53 177,235.94 TOTAL ENDING VALUE $16,254,301.67 $16,254,301.67 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period August 1-31, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG 13 14 15 16 17 18 ($ ) 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 24 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $48,564.66 0.30 Fixed Income & Preferreds 16,205,737.01 99.70 TOTAL VALUE $16,254,301.67 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 2 4 1 2 M S A D D 2 4 1 Account Summary CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 4 of 24 BALANCE SHEET (^ includes accrued interest) Last Period (as of 7/31/17) This Period (as of 8/31/17) Cash, BDP, MMFs $163,883.39 $48,564.66 Corporate Fixed Income^4,958,243.51 4,937,518.57 Government Securities^11,124,005.44 11,268,218.44 Net Unsettled Purchases/Sales (29,995.20)— Total Assets $16,216,137.14 $16,254,301.67 Total Liabilities (outstanding balance)—— TOTAL VALUE $16,216,137.14 $16,254,301.67 CASH FLOW This Period (8/1/17-8/31/17) This Year (1/1/17-8/31/17) OPENING CASH, BDP, MMFs $163,883.39 $4,239,844.93 Purchases (442,945.89)(24,419,615.92) Dividend Reinvestments —(22,669.13) Sales and Redemptions 337,210.58 20,076,461.12 Prior Net Unsettled Purch/Sales (29,995.20)N/A Return of Principal 577.39 20,281.37 Income and Distributions 19,834.39 177,630.15 Total Investment Related Activity $(115,318.73)$(4,167,912.41) Electronic Transfers-Credits —21.64 Electronic Transfers-Debits —(5,397.39) Other Credits —1,839.01 Other Debits —(19,831.12) Total Cash Related Activity —$(23,367.86) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $48,564.66 $48,564.66 Account Summary CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 5 of 24 INCOME AND DISTRIBUTION SUMMARY This Period (8/1/17-8/31/17) This Year (1/1/17-8/31/17) Other Dividends —$22,463.64 Interest 19,834.39 136,984.49 Total Taxable Income And Distributions $19,834.39 $159,448.13 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $19,834.39 $159,448.13 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 (8/1/17-8/31/17) Realized This Year (1/1/17-8/31/17) Unrealized Inception to Date (as of 8/31/17) Short-Term Gain $546.56 $13,539.04 $40,556.11 Short-Term (Loss)(386.93)(9,130.93)(20,222.05) Total Short-Term $159.63 $4,408.11 $20,334.06 Long-Term Gain —10,958.01 — Long-Term (Loss)—(90,901.54)— Total Long-Term —$(79,943.53)— TOTAL GAIN/(LOSS)$159.63 $(75,535.42)$20,334.06 Disallowed Loss —$112.09 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. ADDITIONAL ACCOUNT INFORMATION Category This Period (8/1/17-8/31/17) This Year (1/1/17-8/31/17)Category This Period (8/1/17-8/31/17) This Year (1/1/17-8/31/17) Accrued Interest Paid $870.68 $62,397.47 Accrued Interest Received 1,273.10 17,752.88 U.S. Treasury Coupon Interest 7,500.00 68,530.15 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 Investment Objectives (in order of priority) †: 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 24 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % MORGAN STANLEY PRIVATE BANK NA #$48,564.66 —$10.00 0.020 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs 0.30%$48,564.66 $10.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. CORPORATE FIXED INCOME CORPORATE BONDS Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % ECOLAB INC Coupon Rate 1.450%; Matures 12/08/2017; CUSIP 278865AP5 3/2/17 50,000.000 $99.929 $99.929 $99.971 $49,964.50 $49,964.50 $49,985.50 $21.00 ST $363.00 $167.15 0.72 Int. Semi-Annually Jun/Dec 08; Yield to Maturity 1.553%; Moody BAA1 S&P A-; Issued 12/13/12; Asset Class: FI & Pref MORGAN STANLEY SER-F Coupon Rate 1.875%; Matures 01/05/2018; CUSIP 61761JVM8 3/21/17 30,000.000 100.187 100.082 100.105 30,056.10 30,024.59 30,031.50 6.91 ST 281.00 87.50 0.93 Int. Semi-Annually Jan/Jul 05; Yield to Maturity 1.564%; 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 55,000.000 100.347 100.161 100.130 55,190.85 55,088.55 55,071.50 (17.05)ST 550.00 91.66 0.99 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 7 of 24 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/17; Yield to Call 1.603%; 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 50,000.000 100.124 100.061 100.053 50,062.00 50,030.62 50,026.50 (4.12)ST 413.00 36.66 0.82 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/18; Yield to Call 1.504%; Moody A3 S&P A-; Issued 02/14/13; Asset Class: FI & Pref VENTAS REALTY LP/CAP CRP Coupon Rate 2.000%; Matures 02/15/2018; CUSIP 92276MBA2 5/16/17 35,000.000 100.168 100.103 100.103 35,058.80 35,036.08 35,036.05 (0.03)ST 350.00 31.11 0.99 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/18; Yield to Call 1.717%; Moody BAA1 S&P BBB+; Issued 12/13/12; Asset Class: FI & Pref NORTHERN STATES PWR MINN Coupon Rate 5.250%; Matures 03/01/2018; CUSIP 665772CD9 3/3/17 45,000.000 103.651 101.858 101.706 46,642.95 45,836.04 45,767.70 (68.34)ST 2,363.00 1,181.25 5.16 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.807%; 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 32,000.000 103.717 101.907 101.831 33,189.44 32,610.37 32,585.92 (24.45)ST 1,712.00 856.00 5.25 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.658%; 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 35,000.000 103.716 101.988 102.005 36,300.60 35,695.76 35,701.75 5.99 ST 1,855.00 855.36 5.19 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 1.548%; 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 3/13/17 200,000.000 100.000 100.000 100.729 200,000.00 200,000.00 201,458.00 1,458.00 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 50,000.000 103.514 102.101 102.055 51,757.00 51,050.49 51,027.50 (22.99)ST 2,550.00 963.33 4.99 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.761%; Moody AA2 S&P A; Issued 04/14/08; Asset Class: FI & Pref SOUTHERN CALIF GAS CO Coupon Rate 5.450%; Matures 04/15/2018; CUSIP 842434CD2 2/7/17 30,000.000 104.372 102.297 102.342 31,311.60 30,689.16 30,702.60 13.44 ST 1,635.00 617.66 5.32 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.648%; 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 30,000.000 104.534 102.588 102.510 31,360.20 30,776.48 30,753.00 (23.48)ST 1,695.00 564.99 5.51 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.840%; 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 50,000.000 104.599 102.663 102.839 52,299.50 51,331.27 51,419.50 88.23 ST 2,825.00 941.66 5.49 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.355%; 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 50,000.000 103.966 102.394 102.327 51,983.00 51,196.94 51,163.50 (33.44)ST 2,650.00 883.33 5.17 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.770%; 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 99.956 34,932.10 34,932.10 34,984.60 52.50 ST 578.00 182.87 1.65 Int. Semi-Annually May/Nov 07; Yield to Maturity 1.714%; Moody BAA1 S&P BBB+; Issued 05/07/15; Asset Class: FI & Pref 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 8 of 24 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 % PARKER-HANNIFIN CORP Coupon Rate 5.500%; Matures 05/15/2018; CUSIP 70109HAH8 3/3/17 30,000.000 104.643 102.758 102.653 31,392.90 30,827.50 30,795.90 (31.60)ST 1,650.00 485.83 5.35 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.697%; 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 30,000.000 105.317 102.960 102.920 31,595.10 30,887.93 30,876.00 (11.93)ST 1,740.00 512.33 5.63 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.617%; 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 50,000.000 104.604 103.080 103.207 52,302.00 51,539.94 51,603.50 63.56 ST 2,975.00 743.75 5.76 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.626%; 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 35,000.000 100.209 100.127 100.135 35,073.15 35,044.34 35,047.25 2.91 ST 613.00 153.12 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 5/24/17 25,000.000 25,000.000 103.185 101.910 102.407 101.796 101.825 101.825 25,796.25 25,477.44 25,601.75 25,449.09 25,456.25 25,456.25 (21.19) 7.16 ST ST Total 50,000.000 51,398.00 50,926.53 50,912.50 (14.03)ST 2,125.00 531.25 4.17 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.786%; 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 30,000.000 100.324 100.192 100.265 30,097.20 30,057.63 30,079.50 21.87 ST 585.00 123.49 1.94 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.609%; Moody BAA2 S&P BBB+; 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 99.817 100.082 49,908.50 49,908.50 50,041.00 132.50 ST 825.00 174.16 1.64 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.544%; Moody A3 S&P BBB+; Issued 06/10/15; Asset Class: FI & Pref PACIFICORP Coupon Rate 5.650%; Matures 07/15/2018; CUSIP 695114CH9 3/1/17 30,000.000 105.348 103.434 103.483 31,604.40 31,030.29 31,044.90 14.61 ST 1,695.00 216.58 5.45 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.610%; 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 30,000.000 101.366 100.914 100.984 30,409.80 30,274.35 30,295.20 20.85 ST 870.00 101.50 2.87 Int. Semi-Annually Jan/Jul 19; Yield to Maturity 1.771%; Moody A3 S&P BBB+; Issued 07/19/13; Asset Class: FI & Pref NORTHERN STATES POWER COMPANY Coupon Rate 5.250%; Matures 10/01/2018; CUSIP 665789AV5 3/6/17 30,000.000 105.174 103.596 103.784 31,552.20 31,078.71 31,135.20 56.49 ST 1,575.00 656.25 5.05 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 1.708%; 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 30,000.000 101.097 100.729 100.825 30,329.10 30,218.79 30,247.50 28.71 ST 765.00 289.00 2.52 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/18; Yield to Call 1.745%; Moody BAA1 S&P A-; Issued 09/27/13; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 9 of 24 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 % BOSTON PROPERTIES LP Coupon Rate 3.700%; Matures 11/15/2018; CUSIP 10112RAT1 2/7/17 25,000.000 102.908 101.992 101.876 25,727.00 25,498.10 25,469.00 (29.10)ST 925.00 272.36 3.63 Int. Semi-Annually May/Nov 15; Callable $100.00 on 08/15/18; Yield to Call 1.712%; Moody BAA2 S&P A-; Issued 11/10/11; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.050%; Matures 12/07/2018; CUSIP 172967KE0 5/2/17 30,000.000 100.199 100.159 100.323 30,059.70 30,047.61 30,096.90 49.29 ST 615.00 143.49 2.04 Int. Semi-Annually Jun/Dec 07; Yield to Maturity 1.790%; Moody BAA1 S&P BBB+; Issued 12/07/15; Asset Class: FI & Pref KEYCORP Coupon Rate 2.300%; Matures 12/13/2018; CUSIP 49326EEE9 2/27/17 30,000.000 100.658 100.475 100.702 30,197.40 30,142.54 30,210.60 68.06 ST 690.00 149.50 2.28 Int. Semi-Annually Jun/Dec 13; Callable $100.00 on 11/13/18; Yield to Call 1.706%; Moody BAA1 S&P BBB+; Issued 11/13/13; Asset Class: FI & Pref MARATHON PETROLEUM CORP Coupon Rate 2.700%; Matures 12/14/2018; CUSIP 56585AAK8 5/25/17 20,000.000 101.087 100.902 100.868 20,217.40 20,180.37 20,173.60 (6.77)ST 540.00 113.99 2.67 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.012%; Moody BAA2 S&P BBB; Issued 12/14/15; Asset Class: FI & Pref THERMO FISHER SCIENTIFIC INC Coupon Rate 2.150%; Matures 12/14/2018; CUSIP 883556BL5 4/18/17 35,000.000 100.612 100.478 100.410 35,214.20 35,167.30 35,143.50 (23.80)ST 753.00 158.86 2.14 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.825%; 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 35,000.000 101.371 101.007 101.015 35,479.85 35,352.42 35,355.25 2.83 ST 910.00 116.27 2.57 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.847%; 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 30,000.000 101.102 100.790 101.033 30,330.60 30,236.97 30,309.90 72.93 ST 788.00 65.62 2.59 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.882%; Moody A3 S&P BBB+; Issued 01/31/14; Asset Class: FI & Pref ANHEUSER-BUSCH INBEV FIN Coupon Rate 1.900%; Matures 02/01/2019; CUSIP 035242AG1 5/19/17 35,000.000 100.274 100.230 100.244 35,095.90 35,080.57 35,085.40 4.83 ST 665.00 55.41 1.89 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.725%; Moody A3 S&P A-; Issued 01/25/16; Asset Class: FI & Pref MORGAN STANLEY Coupon Rate 2.450%; Matures 02/01/2019; CUSIP 61746BDX1 2/3/17 30,000.000 100.834 100.599 100.874 30,250.20 30,179.57 30,262.20 82.63 ST 735.00 61.24 2.42 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.822%; Moody A3 S&P BBB+; Issued 01/27/16; Asset Class: FI & Pref SIMON PROPERTY GROUP LP Coupon Rate 2.200%; Matures 02/01/2019; CUSIP 828807CQ8 2/3/17 25,000.000 100.879 100.630 100.700 25,219.75 25,157.61 25,175.00 17.39 ST 550.00 45.83 2.18 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/18; Yield to Call 1.591%; 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 35,000.000 109.170 106.755 106.687 38,209.50 37,364.09 37,340.45 (23.64)ST 2,345.00 195.41 6.28 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.892%; Moody A2 S&P A; Issued 06/19/08; Asset Class: FI & Pref OVERSEAS PRIVATE INV COR Zero Coupon; Matures 02/11/2019; CUSIP 690353V20 6/19/17 40,000.000 100.000 100.000 100.362 40,000.00 40,000.00 40,144.80 144.80 ST — — — Issued 06/26/17; Asset Class: FI & Pref 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 10 of 24 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 % PRINCETON UNIVERSITY Coupon Rate 4.950%; Matures 03/01/2019; CUSIP 89837LAA3 3/24/17 50,000.000 106.229 104.877 104.860 53,114.50 52,438.44 52,430.00 (8.44)ST 2,475.00 1,237.50 4.72 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.656%; 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 31,000.000 104.440 103.272 103.550 32,376.40 32,014.44 32,100.50 86.06 ST 1,380.00 689.75 4.29 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.035%; 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 25,000.000 101.072 100.785 100.948 25,268.00 25,196.25 25,237.00 40.75 ST 600.00 276.66 2.37 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/19; Yield to Call 1.737%; 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 40,000.000 109.728 107.450 107.376 43,891.20 42,980.09 42,950.40 (29.69)ST 2,780.00 1,243.27 6.47 Int. Semi-Annually Mar/Sep 20; Yield to Maturity 2.096%; 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 30,000.000 99.940 99.940 100.400 29,982.00 29,982.00 30,120.00 138.00 ST 570.00 250.16 1.89 Int. Semi-Annually Mar/Sep 22; Yield to Maturity 1.639%; 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 30,000.000 108.302 106.827 106.772 32,490.60 32,048.21 32,031.60 (16.61)ST 1,902.00 792.50 5.93 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 1.973%; 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 45,000.000 108.304 106.407 107.567 48,736.80 47,883.20 48,405.15 521.95 ST 2,745.00 1,037.00 5.67 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.366%; 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 40,000.000 101.163 100.897 101.087 40,465.20 40,358.78 40,434.80 76.02 ST 1,000.00 333.33 2.47 Int. Semi-Annually May/Nov 01; Callable $100.00 on 04/01/19; Yield to Call 1.800%; Moody BAA1 S&P BBB+; Issued 05/01/14; Asset Class: FI & Pref PEPSICO INC Coupon Rate 1.550%; Matures 05/02/2019; CUSIP 713448DR6 4/27/17 30,000.000 99.925 99.925 100.087 29,977.50 29,977.50 30,026.10 48.60 ST 465.00 153.70 1.54 Int. Semi-Annually May/Nov 02; Yield to Maturity 1.497%; First Coupon 11/02/17; Moody A1 S&P A+; 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 99.959 100.323 19,991.80 19,991.80 20,064.60 72.80 ST 375.00 122.91 1.86 Int. Semi-Annually May/Nov 03; Callable $100.00 on 04/03/19; Yield to Call 1.668%; First Coupon 11/03/17; Moody A2 S&P A-; Issued 05/03/17; Asset Class: FI & Pref BANK OF NEW YORK MELLON Coupon Rate 5.450%; Matures 05/15/2019; CUSIP 06406HBM0 5/16/17 35,000.000 107.017 106.021 106.206 37,455.95 37,107.46 37,172.10 64.64 ST 1,908.00 561.65 5.13 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.740%; Moody A1 S&P A; Issued 05/12/09; Asset Class: FI & Pref PUBLIC SERVICE COLORADO Coupon Rate 5.125%; Matures 06/01/2019; CUSIP 744448CC3 2/1/17 41,000.000 107.210 105.458 105.759 43,956.10 43,237.74 43,361.19 123.45 ST 2,101.00 525.31 4.84 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.767%; Moody A1 S&P A; Issued 06/04/09; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 11 of 24 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 % CITIGROUP INC Coupon Rate 2.050%; Matures 06/07/2019; CUSIP 172967KS9 5/2/17 30,000.000 100.060 100.051 100.210 30,018.00 30,015.24 30,063.00 47.76 ST 615.00 143.49 2.04 Int. Semi-Annually Jun/Dec 07; Yield to Maturity 1.928%; Moody BAA1 S&P BBB+; Issued 06/09/16; Asset Class: FI & Pref NORFOLK SOUTHERN CORP Coupon Rate 5.900%; Matures 06/15/2019; CUSIP 655844BC1 2/1/17 41,000.000 108.734 106.650 107.040 44,580.94 43,726.55 43,886.40 159.85 ST 2,419.00 510.67 5.51 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.878%; 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 35,000.000 109.630 108.087 108.026 38,370.50 37,830.50 37,809.10 (21.40)ST 2,293.00 292.93 6.06 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.151%; 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 99.904 100.126 9,990.40 9,990.40 10,012.60 22.20 ST 195.00 24.91 1.94 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.881%; Moody BAA2 S&P BBB; Issued 04/10/17; Asset Class: FI & Pref TOYOTA MOTOR CREDIT CORP Coupon Rate 2.125%; Matures 07/18/2019; CUSIP 89236TBP9 5/4/17 50,000.000 100.681 100.585 100.850 50,340.50 50,292.42 50,425.00 132.58 ST 1,063.00 126.90 2.10 Int. Semi-Annually Jan/Jul 18; Yield to Maturity 1.664%; Moody AA3 S&P AA-; Issued 07/18/14; Asset Class: FI & Pref AMERICAN EXPRESS CREDIT Coupon Rate 2.250%; Matures 08/15/2019; CUSIP 0258M0DP1 2/27/17 35,000.000 100.928 100.742 100.897 35,324.80 35,259.74 35,313.95 54.21 ST 788.00 34.99 2.23 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.781%; 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 99.971 100.408 34,989.85 34,989.85 35,142.80 152.95 ST 700.00 31.11 1.99 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 07/15/19; Yield to Call 1.777%; 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 30,000.000 108.859 107.034 107.558 32,657.70 32,110.31 32,267.40 157.09 ST 1,763.00 665.83 5.46 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 07/15/19; Yield to Call 1.753%; Moody BAA2 S&P A-; Issued 10/09/09; Asset Class: FI & Pref ALEXANDRIA REAL ESTATE EQUITIES Coupon Rate 2.750%; Matures 01/15/2020; CUSIP 015271AF6 6/20/17 30,000.000 100.835 100.774 101.117 30,250.50 30,232.20 30,335.10 102.90 ST 825.00 105.41 2.71 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 12/15/19; Yield to Call 2.246%; Moody BAA2 S&P BBB; Issued 07/18/14; 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 99.798 100.846 24,949.50 24,949.50 25,211.50 262.00 ST 563.00 59.37 2.23 Int. Semi-Annually Jan/Jul 23; Callable $100.00 on 12/23/19; Yield to Call 1.874%; 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 34,000.000 101.003 100.817 101.579 34,341.02 34,277.90 34,536.86 258.96 ST 901.00 85.09 2.60 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 1.974%; 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 20,000.000 100.546 100.475 100.657 20,109.20 20,095.02 20,131.40 36.38 ST 450.00 37.49 2.23 Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/19; Yield to Call 1.960%; Moody BAA1 S&P A-; Issued 02/01/17; Asset Class: FI & Pref 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 12 of 24 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 99.951 100.568 59,970.60 59,970.60 60,340.80 370.20 ST 1,140.00 76.00 1.88 Int. Semi-Annually Feb/Aug 07; Yield to Maturity 1.661%; 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 30,000.000 108.679 107.228 107.578 32,603.70 32,168.45 32,273.40 104.95 ST 1,538.00 98.22 4.76 Int. Semi-Annually Feb/Aug 08; Yield to Maturity 1.925%; 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 99.858 100.530 54,921.90 54,921.90 55,291.50 369.60 ST 1,100.00 51.94 1.98 Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.778%; 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 25,000.000 99.609 99.609 100.537 24,902.25 24,902.25 25,134.25 232.00 ST 450.00 21.24 1.79 Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.576%; Moody AA3 S&P AA-; Issued 02/17/17; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.400%; Matures 02/18/2020; CUSIP 172967JJ1 5/16/17 30,000.000 100.545 100.490 100.906 30,163.50 30,146.88 30,271.80 124.92 ST 720.00 25.99 2.37 Int. Semi-Annually Feb/Aug 18; Yield to Maturity 2.021%; Moody BAA1 S&P BBB+; Issued 02/18/15; 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 99.820 100.488 49,910.00 49,910.00 50,244.00 334.00 ST 975.00 10.83 1.94 Int. Semi-Annually Feb/Aug 27; Yield to Maturity 1.749%; 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 99.492 100.413 100.413 32,938.29 32,938.29 21,888.24 21,888.24 33,136.29 22,090.86 198.00 202.62 ST ST Total 55,000.000 54,826.53 54,826.53 55,227.15 400.62 ST 1,128.00 563.75 2.04 Int. Semi-Annually Mar/Sep 01; Callable $100.00 on 02/01/20; Yield to Call 1.874%; 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 99.896 100.863 19,979.20 19,979.20 20,172.60 193.40 ST 440.00 217.55 2.18 Int. Semi-Annually Mar/Sep 03; Callable $100.00 on 02/01/20; Yield to Call 1.833%; 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 99.974 100.786 39,989.60 39,989.60 40,314.40 324.80 ST 780.00 379.16 1.93 Int. Semi-Annually Mar/Sep 04; Yield to Maturity 1.629%; First Coupon 09/04/17; Moody A2 S&P A+; Issued 03/06/17; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 5.375%; Matures 03/15/2020; CUSIP 38141EA58 2/1/17 30,000.000 108.466 106.955 107.976 32,539.80 32,086.49 32,392.80 306.31 ST 1,613.00 743.54 4.97 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.131%; 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 30,000.000 108.274 106.935 107.372 32,482.20 32,080.41 32,211.60 131.19 ST 1,485.00 643.49 4.61 Int. Semi-Annually Mar/Sep 25; Yield to Maturity 1.989%; Moody A3 S&P A-; Issued 03/25/10; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 13 of 24 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 % AMPHENOL CORP Coupon Rate 2.200%; Matures 04/01/2020; CUSIP 032095AF8 3/29/17 40,000.000 99.922 99.922 100.464 39,968.80 39,968.80 40,185.60 216.80 ST 880.00 356.88 2.18 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 2.015%; 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 53,000.000 109.873 108.155 109.508 58,232.69 57,322.02 58,039.24 717.22 ST 2,995.00 1,131.25 5.16 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.914%; Moody AA3 S&P A; Issued 03/24/05; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 2.250%; Matures 04/21/2020; CUSIP 06051GFN4 5/2/17 30,000.000 99.991 99.991 100.524 29,997.30 29,997.30 30,157.20 159.90 ST 675.00 243.74 2.23 Int. Semi-Annually Apr/Oct 21; Yield to Maturity 2.045%; Moody BAA1 S&P BBB+; Issued 04/21/15; Asset Class: FI & Pref GENERAL ELEC CAP CORP Coupon Rate 5.550%; Matures 05/04/2020; CUSIP 36962G2T0 8/15/17 30,000.000 109.572 109.438 109.523 32,871.60 32,831.28 32,856.90 25.62 ST 1,665.00 541.12 5.06 Int. Semi-Annually May/Nov 04; Yield to Maturity 1.882%; Moody A1 S&P AA-; Issued 05/04/07; Asset Class: FI & Pref UNITED TECHNOLOGIES CORP Coupon Rate 1.900%; Matures 05/04/2020; CUSIP 913017CM9 5/1/17 10,000.000 99.951 99.951 100.044 9,995.10 9,995.10 10,004.40 9.30 ST 190.00 61.75 1.89 Int. Semi-Annually May/Nov 04; Yield to Maturity 1.883%; First Coupon 11/04/17; Moody A3 S&P A-; Issued 05/04/17; Asset Class: FI & Pref CONOCOPHILLIPS COMPANY Coupon Rate 2.200%; Matures 05/15/2020; CUSIP 20826FAJ5 5/19/17 40,000.000 100.571 100.520 100.700 40,228.40 40,208.01 40,280.00 71.99 ST 880.00 259.11 2.18 Int. Semi-Annually May/Nov 15; Callable $100.00 on 04/15/20; Yield to Call 1.925%; Moody BAA1 S&P A-; Issued 05/18/15; Asset Class: FI & Pref SHERWIN-WILLIAMS CO Coupon Rate 2.250%; Matures 05/15/2020; CUSIP 824348AT3 5/2/17 30,000.000 99.997 99.997 100.489 29,999.10 29,999.10 30,146.70 147.60 ST 675.00 196.87 2.23 Int. Semi-Annually May/Nov 15; Yield to Maturity 2.063%; First Coupon 11/15/17; Moody BAA3 S&P BBB; Issued 05/16/17; Asset Class: FI & Pref MCDONALD'S CORP Coupon Rate 2.200%; Matures 05/26/2020; CUSIP 58013MET7 3/6/17 50,000.000 100.053 100.045 101.040 50,026.50 50,022.65 50,520.00 497.35 ST 1,100.00 290.27 2.17 Int. Semi-Annually May/Nov 26; Callable $100.00 on 04/26/20; Yield to Call 1.796%; 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 30,000.000 107.299 106.476 106.836 32,189.70 31,942.67 32,050.80 108.13 ST 1,290.00 272.33 4.02 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.776%; 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 30,000.000 101.323 101.148 101.815 30,396.90 30,344.53 30,544.50 199.97 ST 840.00 174.99 2.75 Int. Semi-Annually Jun/Dec 16; Yield to Maturity 2.126%; Moody A3 S&P BBB+; Issued 06/16/15; Asset Class: FI & Pref JOHN DEERE CAPITAL CORP Coupon Rate 1.950%; Matures 06/22/2020; CUSIP 24422ETS8 6/19/17 10,000.000 99.939 99.939 100.490 9,993.90 9,993.90 10,049.00 55.10 ST 195.00 37.37 1.94 Int. Semi-Annually Jun/Dec 22; Yield to Maturity 1.770%; First Coupon 12/22/17; Moody A2 S&P A; Issued 06/22/17; Asset Class: FI & Pref BB&T CORPORATION Coupon Rate 2.625%; Matures 06/29/2020; CUSIP 05531FAU7 6/14/17 30,000.000 101.952 101.824 102.105 30,585.60 30,547.32 30,631.50 84.18 ST 788.00 135.62 2.57 Int. Semi-Annually Jun/Dec 29; Callable $100.00 on 05/29/20; Yield to Call 1.834%; Moody A2 S&P A-; Issued 06/29/15; Asset Class: FI & Pref 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 14 of 24 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 % AT&T INC Coupon Rate 2.450%; Matures 06/30/2020; CUSIP 00206RCL4 6/9/17 30,000.000 100.345 100.321 100.854 30,103.50 30,096.43 30,256.20 159.77 ST 735.00 122.50 2.42 Int. Semi-Annually Jun/Dec 30; Callable $100.00 on 05/30/20; Yield to Call 2.128%; Moody BAA1 (-) S&P BBB+ (-); Issued 05/04/15; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 5.625%; Matures 07/01/2020; CUSIP 06051GEC9 3/7/17 30,000.000 109.939 108.549 109.498 32,981.70 32,564.81 32,849.40 284.59 ST 1,688.00 281.25 5.13 Int. Semi-Annually Jan/Jul 01; Yield to Maturity 2.150%; 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 20,000.000 107.259 106.093 106.929 106.074 106.814 106.814 32,177.70 31,827.83 21,385.80 21,214.84 32,044.20 21,362.80 216.37 147.96 ST ST Total 50,000.000 53,563.50 53,042.67 53,407.00 364.33 ST 2,375.00 501.38 4.44 Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 04/15/20; Yield to Call 2.066%; Moody A3 S&P A-; Issued 07/15/10; Asset Class: FI & Pref AMERICAN HONDA FINANCE Coupon Rate 1.950%; Matures 07/20/2020; CUSIP 02665WBT7 7/17/17 10,000.000 99.899 99.899 100.249 9,989.90 9,989.90 10,024.90 35.00 ST 195.00 22.20 1.94 Int. Semi-Annually Jan/Jul 20; Yield to Maturity 1.861%; First Coupon 01/20/18; Moody A1 (-) S&P A+; Issued 07/20/17; Asset Class: FI & Pref COMMONWEALTH EDISON COMPANY Coupon Rate 4.000%; Matures 08/01/2020; CUSIP 202795HV5 2/16/17 50,000.000 105.233 104.457 105.382 52,616.50 52,228.61 52,691.00 462.39 ST 2,000.00 166.66 3.79 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 05/01/20; Yield to Call 1.919%; Moody A1 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 5/15/17 30,000.000 20,000.000 106.442 105.664 106.912 106.311 106.790 106.790 31,932.60 31,699.24 21,382.40 21,262.27 32,037.00 21,358.00 337.76 95.73 ST ST Total 50,000.000 53,315.00 52,961.51 53,395.00 433.49 ST 2,188.00 121.52 4.09 Int. Semi-Annually Feb/Aug 11; Yield to Maturity 1.989%; Moody A3 S&P A-; Issued 08/11/10; Asset Class: FI & Pref BANK OF NY MELLON CORP Coupon Rate 2.600%; Matures 08/17/2020; CUSIP 06406HDD8 5/30/17 30,000.000 101.733 101.602 101.986 30,519.90 30,480.48 30,595.80 115.32 ST 780.00 30.33 2.54 Int. Semi-Annually Feb/Aug 17; Callable $100.00 on 07/17/20; Yield to Call 1.887%; Moody A1 S&P A; Issued 08/17/15; Asset Class: FI & Pref GILEAD SCIENCES INC Coupon Rate 2.550%; Matures 09/01/2020; CUSIP 375558BB8 2/28/17 40,000.000 100.885 100.764 101.784 40,354.00 40,305.60 40,713.60 408.00 ST 1,020.00 510.00 2.50 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.935%; Moody A3 S&P A; Issued 09/14/15; Asset Class: FI & Pref VERIZON COMMUNICATIONS Coupon Rate 4.500%; Matures 09/15/2020; CUSIP 92343VBQ6 5/5/17 20,000.000 106.799 106.188 107.270 21,359.80 21,237.65 21,454.00 216.35 ST 900.00 414.99 4.19 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.021%; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 15 of 24 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 5/1/17 30,000.000 20,000.000 104.286 103.657 103.947 103.581 104.261 104.261 31,285.80 31,096.95 20,789.40 20,716.11 31,278.30 20,852.20 181.35 136.09 ST ST Total 50,000.000 52,075.20 51,813.06 52,130.50 317.44 ST 1,813.00 755.20 3.47 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 07/01/20; Yield to Call 2.068%; 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 55,000.000 103.537 103.050 103.700 56,945.35 56,677.58 57,035.00 357.42 ST 1,788.00 595.83 3.13 Int. Semi-Annually May/Nov 01; Callable $100.00 on 08/01/20; Yield to Call 1.939%; 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 4/19/17 175,000.000 100.000 100.000 100.940 175,000.00 175,000.00 176,645.00 1,645.00 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 50,000.000 107.159 106.228 106.974 53,579.50 53,114.18 53,487.00 372.82 ST 2,125.00 625.69 3.97 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.993%; 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 15,000.000 100.930 100.796 101.733 15,139.50 15,119.35 15,259.95 140.60 ST 375.00 102.08 2.45 Int. Semi-Annually May/Nov 23; Callable $100.00 on 10/23/20; Yield to Call 1.929%; 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 35,000.000 103.157 102.852 103.421 36,104.95 35,998.10 36,197.35 199.25 ST 1,190.00 251.22 3.28 Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 11/15/20; Yield to Call 2.286%; 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 30,000.000 106.011 105.182 106.493 31,803.30 31,554.67 31,947.90 393.23 ST 1,200.00 99.99 3.75 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/20; Yield to Call 1.878%; 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 20,000.000 104.961 104.285 104.776 104.208 105.271 105.271 31,488.30 31,285.36 20,955.20 20,841.56 31,581.30 21,054.20 295.94 212.64 ST ST Total 50,000.000 52,443.50 52,126.92 52,635.50 508.58 ST 1,875.00 83.33 3.56 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 11/15/20; Yield to Call 2.042%; Moody A2 S&P A; Issued 11/12/10; Asset Class: FI & Pref STATE STREET CORP Coupon Rate 4.375%; Matures 03/07/2021; CUSIP 857477AG8 6/7/17 30,000.000 107.910 107.456 107.891 32,373.00 32,236.74 32,367.30 130.56 ST 1,313.00 634.37 4.05 Int. Semi-Annually Mar/Sep 07; Yield to Maturity 2.038%; Moody A1 S&P A; Issued 03/07/11; Asset Class: FI & Pref JPMORGAN CHASE & CO Coupon Rate 1.771%; Matures 03/09/2021; CUSIP 46647PAC0 3/2/17 40,000.000 100.000 100.000 100.249 40,000.00 40,000.00 40,099.60 99.60 ST 708.00 161.35 1.76 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 16 of 24 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 % Interest Paid Quarterly Jun 09; Yield to Maturity 1.698%; Floater; Moody A3 S&P A-; Issued 03/09/17; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.700%; Matures 03/30/2021; CUSIP 172967KK6 5/16/17 30,000.000 100.657 100.610 101.376 30,197.10 30,183.11 30,412.80 229.69 ST 810.00 337.50 2.66 Int. Semi-Annually Mar/Sep 30; Yield to Maturity 2.297%; Moody BAA1 S&P BBB+; Issued 03/30/16; Asset Class: FI & Pref KIMCO REALTY CORP Coupon Rate 3.200%; Matures 05/01/2021; CUSIP 49446RAL3 2/17/17 30,000.000 102.012 101.771 102.744 30,603.60 30,531.41 30,823.20 291.79 ST 960.00 319.99 3.11 Int. Semi-Annually May/Nov 01; Callable $100.00 on 03/01/21; Yield to Call 2.378%; Moody BAA1 S&P BBB+; Issued 04/24/14; Asset Class: FI & Pref CENTERPOINT ENERGY HOUSTON ELE MTG BD Coupon Rate 1.850%; Matures 06/01/2021; CUSIP 15189XAP3 5/3/17 50,000.000 98.516 98.516 99.275 49,258.00 49,258.00 49,637.50 379.50 ST 925.00 231.25 1.86 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Maturity 2.052%; Moody A1 S&P A; Issued 05/18/16; Asset Class: FI & Pref EQUIFAX INC Coupon Rate 2.300%; Matures 06/01/2021; CUSIP 294429AK1 2/28/17 35,000.000 98.712 98.712 100.335 34,549.20 34,549.20 35,117.25 568.05 ST 805.00 201.25 2.29 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Call 2.204%; 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 99.563 100.715 29,868.90 29,868.90 30,214.50 345.60 ST 720.00 167.99 2.38 Int. Semi-Annually Jun/Dec 07; Callable $100.00 on 05/07/21; Yield to Call 2.196%; 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 30,000.000 108.051 107.050 108.367 32,415.30 32,114.99 32,510.10 395.11 ST 1,425.00 300.83 4.38 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.424%; 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 35,000.000 105.351 104.785 105.711 36,872.85 36,674.60 36,998.85 324.25 ST 1,365.00 174.41 3.68 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.249%; Moody BAA2 S&P BBB; 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 30,000.000 100.068 100.060 101.275 30,020.40 30,017.90 30,382.50 364.60 ST 750.00 95.83 2.46 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.132%; 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 30,000.000 109.622 108.459 110.158 32,886.60 32,537.72 33,047.40 509.68 ST 1,575.00 148.74 4.76 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.503%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref BAPTIST HEALTH SOUTH FL Coupon Rate 4.590%; Matures 08/15/2021; CUSIP 066836AA5 8/10/17 37,000.000 108.313 108.219 108.437 40,075.81 40,041.00 40,121.69 80.69 ST 1,698.00 75.47 4.23 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.344%; Moody AA3 S&P AA-; Issued 05/25/11; Asset Class: FI & Pref BURLINGTN NORTH SANTA FE Coupon Rate 3.450%; Matures 09/15/2021; CUSIP 12189LAF8 2/15/17 60,000.000 103.853 103.427 104.620 62,311.80 62,056.49 62,772.00 715.51 ST 2,070.00 954.49 3.29 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 06/15/21; Yield to Call 2.173%; 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 35,000.000 103.339 102.947 104.725 36,168.65 36,031.34 36,653.75 622.41 ST 1,173.00 540.65 3.20 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.123%; Moody BAA1 S&P BBB+; Issued 09/09/11; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 17 of 24 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 % NORFOLK SOUTHERN CORP Coupon Rate 3.250%; Matures 12/01/2021; CUSIP 655844BG2 3/14/17 20,000.000 101.767 101.604 103.877 20,353.40 20,320.89 20,775.40 454.51 ST 650.00 162.50 3.12 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 09/01/21; Yield to Call 2.232%; 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 3/28/17 150,000.000 103.428 103.428 103.265 68,592.52 61,309.70 61,213.07 (96.63)ST 2,103.00 297.86 3.43 Interest Paid Quarterly Jul 10; Yield to Maturity 2.787%; Factor .39518440; Issued 04/29/10; Current Face 59,277.660; Asset Class: FI & Pref SAYARRA LTD Coupon Rate 2.575%; Matures 04/14/2022; CUSIP 805649AB6 6/7/17 125,000.000 101.430 101.430 101.540 58,540.74 55,784.63 55,845.13 60.50 ST 1,416.00 125.88 2.53 Interest Paid Quarterly Oct 29; Yield to Maturity 2.222%; Factor .43998528; Issued 10/22/10; Current Face 54,998.160; Asset Class: FI & Pref PROCTER & GAMBLE CO/THE Coupon Rate 2.150%; Matures 08/11/2022; CUSIP 742718EU9 8/9/17 25,000.000 99.854 99.854 100.763 24,963.50 24,963.50 25,190.75 227.25 ST 538.00 29.86 2.13 Int. Semi-Annually Feb/Aug 11; Yield to Maturity 1.987%; First Coupon 02/11/18; Moody AA3 S&P AA-; Issued 08/11/17; Asset Class: FI & Pref AT&T INC Coupon Rate 2.850%; Matures 02/14/2023; CUSIP 00206REK4 7/27/17 30,000.000 99.984 99.984 99.729 29,995.20 29,995.20 29,918.70 (76.50)ST 855.00 57.00 2.85 Int. Semi-Annually Feb/Aug 14; Callable $100.00 on 01/14/23; Yield to Call 2.904%; First Coupon 02/14/18; Moody BAA1 (-) S&P BBB+ (-); Issued 08/07/17; Asset Class: FI & Pref SAFINA LTD Coupon Rate 2.000%; Matures 12/30/2023; CUSIP 78657AAB5 1/31/17 7/24/17 200,000.000 90,000.000 99.000 99.000 99.591 99.591 100.065 100.065 126,014.55 117,594.91 53,233.61 53,233.61 118,859.93 53,486.97 1,265.02 253.36 ST ST Total 290,000.000 179,248.16 170,828.52 172,346.91 1,518.38 ST 3,445.00 574.11 1.99 Interest Paid Quarterly Sep 30; Yield to Maturity 1.989%; Factor .59391368; Issued 06/25/12; Current Face 172,234.967; 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 5,054,000.000 $4,919,366.15 $4,875,220.50 $4,898,542.36 $23,321.85 ST $146,723.00 $38,976.21 3.00% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 30.38%$4,937,518.57 Watchlist and CreditWatch Indicators: (*) = developing/uncertain (+) = On Watchlist/CreditWatch Upgrade (-) = On Watchlist/CreditWatch Downgrade 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 18 of 24 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 1,435,000.000 $100.129 $99.617 $99.937 $1,436,854.62 $1,429,497.51 $1,434,095.95 $4,598.44 ST $7,175.00 $623.91 0.50 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.139%; 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 6,725,000.000 99.856 99.856 99.758 6,715,302.55 6,715,302.55 6,708,725.50 (6,577.05)ST 75,656.00 6,373.21 1.12 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.298%; Moody AAA; Issued 01/31/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 05/15/2020; CUSIP 912828X96 5/24/17 975,000.000 100.036 100.032 100.262 975,346.13 975,315.38 977,554.50 2,239.12 ST 14,625.00 4,292.11 1.49 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.401%; Issued 05/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 06/15/2020; CUSIP 912828XU9 6/27/17 150,000.000 99.950 99.950 100.246 149,924.40 149,924.40 150,369.00 444.60 ST 2,250.00 473.36 1.49 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.410%; Issued 06/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 07/15/2020; CUSIP 9128282J8 8/1/17 125,000.000 100.012 100.012 100.207 125,015.13 125,014.72 125,258.75 244.03 ST 1,875.00 239.47 1.49 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.426%; Moody AAA; Issued 07/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE-INFLATION INDEXED Coupon Rate 0.125%; Matures 04/15/2021; CUSIP 912828Q60 1/31/17 159,000.000 101.306 101.306 100.453 164,269.44 164,269.44 165,070.89 801.45 ST 205.00 77.44 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.03350000; Moody AAA; Issued 04/15/16; Current Face 164,326.500; 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 4/13/17 18,000.000 6,000.000 6,000.000 101.223 101.735 101.223 101.735 101.671 102.151 100.301 100.301 100.301 18,220.09 18,312.22 6,073.36 6,104.07 6,100.23 6,129.06 18,184.35 6,061.45 6,061.45 (127.87) (42.62) (67.61) ST ST ST H H H 4/17/17 12,000.000 100.903 202.874 100.301 12,108.36 24,344.91 12,122.90 (12,222.01)ST 4/17/17 24,000.000 100.883 101.419 100.301 24,211.92 24,340.45 24,245.80 (94.65)ST 4/17/17 48,000.000 100.930 101.590 100.301 48,512.24 48,763.13 48,491.60 (271.53)ST 4/17/17 24,000.000 100.905 101.567 100.301 24,250.14 24,376.00 24,245.80 (130.20)ST 4/17/17 18,000.000 100.903 101.565 100.301 18,187.24 18,281.66 18,184.35 (97.31)ST Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 19 of 24 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 156,000.000 157,663.58 170,651.50 157,597.70 (13,053.80)ST 196.00 74.05 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.00721000; Moody AAA; Issued 04/15/17; Current Face 157,124.760; Basis Adjustment Due to Wash Sale: $86.42; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 05/31/2022; CUSIP 912828XR6 5/31/17 6/2/17 6/6/17 150,000.000 150,000.000 150,000.000 99.996 99.996 100.145 100.138 100.176 100.168 100.250 100.250 100.250 149,994.60 149,994.60 150,217.35 150,207.27 150,264.15 150,252.16 150,375.00 150,375.00 150,375.00 380.40 167.73 122.84 ST ST ST Total 450,000.000 450,476.10 450,454.03 451,125.00 670.97 ST 7,875.00 1,979.50 1.74 Int. Semi-Annually May/Nov 30; Yield to Maturity 1.695%; Moody AAA; Issued 05/31/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 06/30/2022; CUSIP 912828XW5 7/5/17 7/25/17 150,000.000 150,000.000 99.223 99.223 99.450 99.450 100.191 100.191 148,834.50 148,834.50 149,174.40 149,174.40 150,286.50 150,286.50 1,452.00 1,112.10 ST ST Total 300,000.000 298,008.90 298,008.90 300,573.00 2,564.10 ST 5,250.00 884.51 1.74 Int. Semi-Annually Jun/Dec 31; Yield to Maturity 1.709%; Moody AAA; Issued 06/30/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.875%; Matures 07/31/2022; CUSIP 9128282P4 8/28/17 150,000.000 100.590 100.589 100.742 150,885.30 150,883.89 151,113.00 229.11 ST 2,813.00 236.92 1.86 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.717%; Moody AAA; Issued 07/31/17; Asset Class: FI & Pref TREASURY SECURITIES 10,625,000.000 $10,623,746.15 $10,629,322.32 $10,621,483.29 $(7,839.03)ST $117,920.00 $15,254.48 1.11% 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 $102.335 $96,365.63 $95,958.33 $96,807.35 $849.02 ST $2,450.00 $204.17 2.53 Interest Paid Monthly Apr 01; Yield to Maturity 1.912%; Factor .99577347; Issued 04/01/17; Current Face 94,598.480; Asset Class: FI & Pref FEDERAL NATIONAL MTG ASSN POOL AN5051 Coupon Rate 2.550%; Matures 11/01/2021; CUSIP 3138LHTH7 3/27/17 80,000.000 101.125 101.125 102.393 80,900.00 80,544.09 81,554.02 1,009.93 ST 2,031.00 169.25 2.49 Interest Paid Monthly Apr 01; Yield to Maturity 1.949%; Factor .99560060; Issued 04/01/17; Current Face 79,648.048; Asset Class: FI & Pref FNMA 7 YR BALLOON AN5495 Coupon Rate 2.300%; Matures 01/01/2022; CUSIP 3138LJC99 4/13/17 220,000.000 100.609 100.609 101.425 221,340.63 220,568.71 222,356.81 1,788.10 ST 5,042.00 420.19 2.26 Interest Paid Monthly May 01; Yield to Maturity 1.955%; Factor .99651248; Issued 05/01/17; Current Face 219,232.746; Asset Class: FI & Pref 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 20 of 24 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 % FNMA 7 YR BALLOON AN5496 Coupon Rate 2.300%; Matures 01/01/2022; CUSIP 3138LJDA5 4/13/17 100,000.000 100.609 100.609 101.425 100,609.38 100,258.50 101,071.27 812.77 ST 2,292.00 190.99 2.26 Interest Paid Monthly May 01; Yield to Maturity 1.955%; Factor .99651248; Issued 05/01/17; Current Face 99,651.248; Asset Class: FI & Pref FNMA 7 YR BALLOON AL8938 Coupon Rate 2.760%; Matures 04/01/2022; CUSIP 3138ET4Y9 8/11/17 67,514.000 102.852 102.852 103.242 68,263.87 68,263.87 68,522.98 259.11 ST 1,832.00 152.65 2.67 Interest Paid Monthly Aug 01; Yield to Maturity 2.016%; Factor .98307362; Issued 08/01/16; Current Face 66,371.232; Asset Class: FI & Pref FNA 2017-M5 FA Coupon Rate 1.758%; Matures 04/25/2024; CUSIP 3136AWWC7 5/9/17 60,000.000 99.901 99.901 100.122 59,940.60 59,810.93 59,943.24 132.31 ST 1,053.00 87.75 1.75 Interest Paid Monthly Aug 25; Yield to Maturity 1.738%; Floater; Factor .99783667; Issued 05/01/17; Current Face 59,870.200; Asset Class: FI & Pref FEDERAL AGENCIES 622,514.000 $627,420.11 $625,404.43 $630,255.67 $4,851.24 ST $14,700.00 $1,225.00 2.33% 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 11,247,514.000 $11,251,166.26 $11,254,726.75 $11,251,738.96 $(2,987.79)ST $132,620.00 $16,479.48 1.18% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 69.32%$11,268,218.44 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE $16,129,947.25 $16,198,845.98 $20,334.06 ST $279,353.00 $55,455.69 1.72% TOTAL VALUE (includes accrued interest)100.00%$16,254,301.67 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. H - Wash sale rules apply to this tax lot. The cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. The aggregate amount of the basis adjustment is identified in italics under the Security Description. Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 21 of 24 ALLOCATION OF ASSETS (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $48,564.66 —————— Corporate Fixed Income^——$4,937,518.57 ———— Government Securities^——11,268,218.44 ———— TOTAL ALLOCATION OF ASSETS^$48,564.66 —$16,205,737.01 ———— ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 8/1 8/1 Redemption CONOCOPHILLIPS 5750 19FB01 REDEMPTION OF CALLED BOND CUSIP: 20825CAR5 7,000.000 $105.8350 $7,408.45 8/1 8/2 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 696.13 150,000.000 99.9254 150,584.23 8/1 8/2 Bought US TSY NOTE 1500 20JL15 ACTED AS AGENT ACCRUED INTEREST 91.71 125,000.000 100.0121 (125,106.84) 8/10 8/11 Bought PROCTER & GAMBLE 2150 22AU11 ACTED AS AGENT a/o 08/09/17 25,000.000 99.8540 (24,963.50) 8/10 8/15 Bought BAPTIST HEALTH 4590 21AU15 ACTED AS AGENT 37,000.000 108.3130 (40,075.81) 8/11 8/16 Bought FNMA 7BL AL8938 2760 22AP01 ACTED AS AGENT ACCRUED INTEREST 76.33 67,514.000 102.8516 (68,340.20) 8/15 8/18 Bought GEN ELEC CAP CORP 5550 20MY04 ACTED AS AGENT ACCRUED INTEREST 481.00 30,000.000 109.5720 (33,352.60) 8/16 8/16 Redemption VERIZON B3W0P $ 2991 18SP14 TENDER PAYMENT CUSIP: 92CSHV9M0 35,000.000 102.0000 35,700.00 8/17 8/18 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 5.30 65,000.000 99.9372 64,964.48 8/22 8/25 Sold DARTMOUTH COLLEGE 4750 19JN01 ACTED AS AGENT ACCRUED INTEREST 554.17 50,000.000 105.6400 53,374.17 8/23 8/28 Sold NOVARTIS CAPITAL 1800 20FB14 ACTED AS AGENT ACCRUED INTEREST 17.50 25,000.000 100.6470 25,179.25 8/28 8/29 Bought US TSY NOTE 1875 22JL31 ACTED AS AGENT ACCRUED INTEREST 221.64 150,000.000 100.5902 (151,106.94) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $(105,735.31) TOTAL PURCHASES $(442,945.89) TOTAL SALES AND REDEMPTIONS $337,210.58 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 22 of 24 RETURN OF PRINCIPAL Activity Date Activity Type Description Comments Credits/(Debits) 8/25 Return of Principal FNMA 7BL AN5495 2300 22JA01 CUSIP: 3138LJC99 $247.08 8/25 Return of Principal FNMA 7BL AN5496 2300 22JA01 CUSIP: 3138LJDA5 112.30 8/25 Return of Principal FNMA POOL AN5056 2590 21AP01 CUSIP: 3138LHTN4 94.02 8/25 Return of Principal FNMA POOL AN5051 2550 21NV01 CUSIP: 3138LHTH7 82.85 8/25 Return of Principal FNA 2017-M5 FA 1758 24APRG CUSIP: 3136AWWC7 41.14 TOTAL RETURN OF PRINCIPAL $577.39 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 8/1 Interest Income UNION ELECTRIC CO 6700 19FB01 CUSIP: 906548CG5 $1,172.50 8/1 Interest Income COMMONWEALTH EDIS 4000 *20AU01 CUSIP: 202795HV5 1,000.00 8/1 Interest Income UNION PACIFIC COR 4000 *21FBRG CUSIP: 907818DG0 600.00 8/1 Interest Income MORGAN STANLEY 2450 19FB01 CUSIP: 61746BDX1 367.50 8/1 Interest Income ANHEUSER-BUSCH IN 1900 19FB01 CUSIP: 035242AG1 332.50 8/1 Interest Income SIMON PPTY GRP LP 2200 *19FB01 CUSIP: 828807CQ8 275.00 8/1 Interest Income CONOCOPHILLIPS 5750 19FB01 CUSIP: 20825CAR5 201.25 8/7 Interest Income APPLE INC 1900 20FB07 CUSIP: 037833CK4 563.67 8/8 Interest Income PNC FUNDING COP 5125 20FB08 CUSIP: 693476BJ1 768.75 8/11 Interest Income PNC FUNDING CORP. 4375 20AU11 CUSIP: 693476BL6 1,093.75 8/14 Interest Income AMERICAN HONDA FI 2000 20FB14 CUSIP: 02665WBM2 543.89 8/14 Interest Income NOVARTIS CAPITAL 1800 20FB14 CUSIP: 66989HAL2 442.50 8/15 Interest Income US TSY NOTE 1000 18FB15 CUSIP: 912828H94 7,500.00 8/15 Interest Income ENTERGY ARKANSAS 3750 *21FB15 CUSIP: 29364DAQ3 937.50 8/15 Interest Income AIRGAS INC 1650 *18FB15 CUSIP: 009363AN2 412.50 8/15 Interest Income AMERICAN EXPRESS 2250 19AU15 CUSIP: 0258M0DP1 393.75 8/15 Interest Income PUBLIC SERVICE 2000 *19AU15 CUSIP: 74456QBJ4 350.00 8/15 Interest Income VENTAS REALTY LP 2000 *18FB15 CUSIP: 92276MBA2 350.00 8/16 Interest Income-Adj VERIZON B3W0P $ 2991 18SP14 ACCRUED BOND INTEREST CUSIP: 92CSHV9M0 183.24 8/17 Interest Income BANK OF NY MELLON 2600 *20AU17 CUSIP: 06406HDD8 390.00 8/18 Interest Income CITIGROUP INC 2400 20FB18 CUSIP: 172967JJ1 360.00 8/25 Interest Income FNMA 7BL AN5495 2300 22JA01 CUSIP: 3138LJC99 434.69 8/25 Interest Income FNMA POOL AN5056 2590 21AP01 CUSIP: 3138LHTN4 211.18 8/25 Interest Income FNMA 7BL AN5496 2300 22JA01 CUSIP: 3138LJDA5 197.58 8/25 Interest Income FNMA POOL AN5051 2550 21NV01 CUSIP: 3138LHTH7 175.07 8/25 Interest Income FNA 2017-M5 FA 1758 24APRG CUSIP: 3136AWWC7 87.82 8/28 Interest Income PACCAR FINANCIAL 1950 20FB27 CUSIP: 69371RN69 487.50 8/31 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 08/01-08/31) 2.25 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $19,834.39 TOTAL INTEREST $19,834.39 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 23 of 24 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 8/1 Automatic Investment BANK DEPOSIT PROGRAM $14,445.99 8/3 Automatic Investment BANK DEPOSIT PROGRAM 25,477.39 8/7 Automatic Redemption BANK DEPOSIT PROGRAM (29,431.53) 8/8 Automatic Investment BANK DEPOSIT PROGRAM 768.75 8/11 Automatic Redemption BANK DEPOSIT PROGRAM (23,869.75) 8/14 Automatic Investment BANK DEPOSIT PROGRAM 986.39 8/15 Automatic Redemption BANK DEPOSIT PROGRAM (30,132.06) 8/16 Automatic Redemption BANK DEPOSIT PROGRAM (68,340.20) 8/17 Automatic Investment BANK DEPOSIT PROGRAM 36,273.24 8/18 Automatic Investment BANK DEPOSIT PROGRAM 360.00 8/21 Automatic Investment BANK DEPOSIT PROGRAM 31,611.88 8/25 Automatic Investment BANK DEPOSIT PROGRAM 665.21 8/28 Automatic Investment BANK DEPOSIT PROGRAM 54,880.19 8/29 Automatic Redemption BANK DEPOSIT PROGRAM (125,927.69) 8/31 Automatic Investment BANK DEPOSIT PROGRAM 2.25 NET ACTIVITY FOR PERIOD $(112,229.94) TRANSFERS, CORPORATE ACTIONS AND ADDITIONAL ACTIVITY CORPORATE ACTIONS Activity Date Activity Type Description Comments Quantity 8/10 Exchange Delivered Out VERIZON CMMNCTNS 4500 20SP15 TENDER (20,000.000) 8/10 Exchange Delivered Out VERIZON COMM 29916 18SP14 TENDER (35,000.000) 8/10 Exchange Received In VERIZON B3W0N $ 4500 20SP15 TENDER 20,000.000 8/10 Exchange Received In VERIZON B3W0P $ 2991 18SP14 TENDER 35,000.000 8/16 Exchange Delivered Out VERIZON B3W0N $ 4500 20SP15 EXCHANGE RETURN UNACCEPTED BONDS (20,000.000) 8/16 Exchange Received In VERIZON CMMNCTNS 4500 20SP15 EXCHANGE RETURN UNACCEPTED BONDS 20,000.000 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 CONOCOPHILLIPS 5 3/4 2-01-19 03/28/17 08/01/17 7,000.000 $7,408.45 $7,408.45 $0.00 DARTMOUTH COLLEGE 4 3/4 6-01-19 05/23/17 08/22/17 50,000.000 52,820.00 52,532.98 287.02 FNA 2017-M5 FA 1.758 4-25-24 05/09/17 08/25/17 41.140 41.14 41.10 0.04 00 2 4 1 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period August 1-31, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 24 of 24 SHORT-TERM GAIN/(LOSS) (CONTINUED) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments FNMA 7BL AN5495 2.300 1-01-22 04/13/17 08/25/17 247.080 247.08 248.59 (1.51) FNMA 7BL AN5496 2.300 1-01-22 04/13/17 08/25/17 112.300 112.30 112.98 (0.68) FNMA POOL AN5051 2.550 11-01-21 03/27/17 08/25/17 82.850 82.85 83.78 (0.93) FNMA POOL AN5056 2.590 4-01-21 03/27/17 08/25/17 94.020 94.02 95.37 (1.35) NOVARTIS CAPITAL 1.800 2-14-20 02/14/17 08/23/17 25,000.000 25,161.75 24,902.25 259.50 US TSY NOTE 1.000 2-15-18 01/31/17 08/01/17 150,000.000 149,888.10 150,100.30 (212.20) 01/31/17 08/17/17 65,000.000 64,959.18 65,039.84 (80.66) US TSY NOTE TIIN 1/8 4-15-22 04/13/17 04/17/17 18,000.000 18,162.90 18,199.35 (36.45)W 04/13/17 04/17/17 6,000.000 6,054.30 6,066.45 (12.15)> 04/13/17 04/17/17 6,000.000 6,054.30 6,066.45 (12.15)W Disallowed Loss Based On Wash Sale: $86.42; Basis Adjustment Due To Wash Sale: $25.67 VERIZON B3W0P $ 2.991 9-14-18 03/09/17 08/16/17 35,000.000 35,700.00 35,789.60 (89.60) Short-Term This Period $336,514.87 $336,355.24 $159.63 Short-Term Year to Date $8,523,437.79 $8,519,029.68 $4,408.11 Net Realized Gain/(Loss) This Period $336,514.87 $336,355.24 $159.63 Net Realized Gain/(Loss) Year to Date $20,127,424.01 $20,202,940.67 $(75,535.42) Disallowed Loss Based On Wash Sale Year to Date: $112.09 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. MESSAGES Settlement Cycle Change to Trade Date Plus Two (T+2) On September 5, 2017, the settlement cycle for equities, corporate and municipal bonds, and unit investment trusts traded in the United States, Canada and Mexico will change from a three day to a two day cycle. Upon the effective date, you will be required to fund purchases and make deliveries of securities for sales on trade date plus two business days. Senior Investor Helpline For any inquiries or comments or potential concerns, senior investors or someone acting on their behalf may contact our Firm by calling (800) 280-4534. 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.