EFTA01289201.pdf

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Deutsche Bank Otutt.tkr Lint PtIsair Ohre°. kg4.16( met'
Mulch (pt/art 610,4
Ow Niche east
P.O Box 1776, Baltimore, MD 21203 Mw Yon Oke
346 POI *verge. 3611• How
Nnw 'mil l
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Clue
December 1,2017 - December 31,20 f7
Account Number:
SOUTHERN FINANCIALUS
6130 RED HOOK QUARTER B3
ST THOM AS VI 00802
Portfolio at a Glance
This Period Year4wCialt
Your Investment Specialist: BEGINNINGACCOUNT VALUE 391,289,150.11 3117,089,958.26
JOSHUA SHOSHAN Net Cash Deposits aid Withdrawals 60,000.00 -1,213,731.96
Net Securities lo/Out of Account 0.00 42,061,215.50
Adjusted Previous Account Value 97,349,150.71 63,795,008.80
Dividends, Interest and Other Income 216,609.63 3,240,411.59
Total Taxes Withheld 0.00 447649
Other Transactions -2,36 .402.36
Net Change in Portfolio' ,293,210.61 30,243,605.43
Armed 'Meted 5450,463.82
Estimated Annual Income 33,439,222.33
'Nef Change in Portfolio is the difference between the ending account value and
beginning account value after activity.
Asset Summary
Percent Awl Type Prior Year-End tax Period %%Period
1% Cash, Money Funds, and Bank Deposits 15,864,445.94 4,375,270.63 823,820.96
p 27% Fixed Income 19.233.099.80 26,286,422.71 26,063,479.22
62% Equities 19,000,010.52 51,189,396.32 60,899,388.91
3% Mutual Funds 0.00 3.010.341.05 3,020,938.22
7% Exchange-Traded Products 2,972,400.00 6,427,720.00 8,444,920.00
100% Account Total (Pie Chart) $117,069,956.26 397,289,150.71 $97,272,547.37
Please review your allocation periodically with your Investment Specialist.
Page 1 of 34
Rated EXCIIiiefit °awns thsougt Neaten I.LC. atalayievaned
BO $302i6r530O 25 L (my Yew Same 2007 WfrOdialy of The Bank o4 New Yea Mellon
NFIDO. MAAR WM COMMUNICATIONS Corporation (INY Malian)
EXCILSOICE PerOinXII.C.rmtnto ItteRA.filV4PM_00046229
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DEMSDNY-0009053
EFIA_00156838
EFTA01289201

Summary of Gains and Losses
%abed
This Period Vora-Dale Unrealized
Short-Term Gain! Loss 10,129.02 636,964.83 477,336 29
Long-Term Gain! Loss 15492.384.19 14,372,697.77 8.786.895.62
Net Gain! Loss 15.162.513.21 15.009.662.60 8,409,559.33
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB" ) and other credit institutions introduced' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 10 99 and/ or 104 2 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements. begin to charge negative interest rates on additional foreign currency balances.
Exchange Rate Table Global Cash
Olirenry Closing Amount in
Currency USD Equivalent per U99 Oarency Nesse Base DA rent,/ U80
BRITISH POUND 1.3525 0.7393 APANESE YEN -267.90 -2.37
HONG KONG DOLLAR 0.1279 7.8170 Total Global Cash Balance 42.37
APANESE YEN 0.0088 112.6300
RANG 0.0808 12.3760
Exchange rates are based on interbank exchange rates as of 12/ 29/ 2017. Exchange
rates can vary.
Money Market Fund Detail
Dale Activity Type Desalption Amount Bahia
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 120% Activity Ending 12/ 29/ 17
12/01/17 Opening Balance 4.272.639.40 4.272130.40
11/01117 Deposit MONEY FUND PURCHASE 102.631.23 4.375.270 53
12/04/17 Withdrawal MONEY FUND REDEMPTION -158,500.00 4,216,770.63
11/05/17 Deposit MONEY FUND PURCHASE 156.714.76 4,373,485.39
12106117 Withdrawal MONEY FUND REDEMPTION -2,625,890.03 1,747,595.36
12/07/17 Deposit MONEY FUND PURCHASE 21.493.49 1.769.088.85
12108117 Deposit MONEY FUND PURCHASE 31989.68 1.801.978.53
11)11/17 Withdrawal MONEY FUND REDEMPTION -1.801.97893 0 00
12/11/17 Withdrawal SHARES REDEEM ED -86904 -866.04
11/11/17 Deposit ACCRUED DIVIDEND CREDIT 866.04 0.00
12112117 Deposit MONEY FUND PURCHASE 1,477,717.63 1,477,727.53
Page 2 of 3.
ID
Wed banal Clewing through PenhinglIC• awe, owned
901002t6C630K5F bery vex Since 2007 seteldlary a The Pak @thew Y.* Mellon
DALIARPATEDCOMMUNICATIONS Caporalo n (ltly Mem)
EXCELLENCE Pt,hat t LC. mente onen.%4qa.GM-00046230
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009054
EFTA_00 156839
EFTA01289202

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
)ecember 1,2017 - December 31,2017
SOUTHERN F1NA NCIAL LLC
Money Market Fund Detail (continued)
Date Activity Type Desaiptioi Amount Una
Sweep M oney Market Fund (continued)
DEUTSCHEGOVT CASH INSTL (continued)
12113/17 Withdraw al MONEY FUND REDEMPTION 416.860 04 960.867.59
12116/17 Deposit MONEY FUND PURCHASE 49,698 32 1810,565.91
12119/17 Withdraw al MONEY FUND REDEMPTION -346,682 85 663,883.06
12120/17 Deposit MONEY FUND PURCHASE 470.00 664,353.06
12127117 Deposit MONEY FUND PURCHASE 61A95 89 725,848.95
12128/17 Deposit MONEY FUND PURCHASE 35.681 25 781,530.20
12129/17 Deposit MONEY FUND PURCHASE 25,228.03 786,758.23
12129/17 Deposit INCOM E REINV EST 525.30 767,283.53
12/29117 Closing Balance $787,283.53
Total All Money Market Funds $787,283.53
Income and Expense Summary
°Merl Peilod Yetloale
'ramble Non Taxable Teti Se Taxable
Dividend Income
Equities 13,500.00 0.00 1,018,015.34 0.00
Money Market 1,391.34 0.00 103,941.83 0.00
Other Dividends 163,027.71 0.00 1,065,223.52 0.00
Interest Income
Bond Interest 38,690.58 0.00 426,560.60 0.00
Other Interest 0.00 0.00 139,834.48 0.00
Expenses
Margin Interest 0.00 0.00 0.00 4.63
Withholding Taxes 0.00 0.00 4,076.09 0.00
Fees( Foreign Securities) 0.00 0.00 400.00 0.00
Total Dividends, Interest, Income and Expenses $216,609.63 $0.00 $2,747,199.68 44.63
Distributions
Alternative Investments 0.00 0.00 0.00 486,840.45
Other Distributions -2.36 222.19 4.36 23,618.30
Total Distributions 42.36 $222.19 42.36 $510,458.75
Page 3 of 31
Rated ElOillent Covina through PenbngI IC nib./ evened
BO 10 0 24 2CSF300 25 L (my Teat Santo 2007 subsidiary of The Mak eiller Vat Mellon
CONFIDO. DMIAR ItATV3 COMMUNICATIONS CarpontIon (OM Melba)
!ACRID< E Perih nx it F MAAR; YLELGM- 00046231
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009055
EFIA_00 856840
EFTA01289203

Portfolio Holdings
U.S. DOLLARS
Account Adivity Opening Chip Accrued Income 30-Day Current
Opening Dale Nastily Number Ending Balance Wince Income This Yes Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS
Cash Balance 102,631.23 7,000.00
Margin Balance 0.00 29,539.80
Money Market
DEUTSCHE GOVT CASH INSTL
12/01/17 787,283.530 N/A 12/29117 4272.639.40 787283.53 0.00 103.941,83 1.10% 120%
Total Money Market $4,272,639.40 $787,283.53 $0.00 $103,941.83
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $4,375,270.63 $823,823.33 $0.00 $103,941.83
Adjusted lamesized Acctued Estimated Est Sled
Oile Acquired Ordatey Una Cal Coil Bath Market Prke Market Vslue %Mass lateral Annual Income Yield
FIXED INCOME (fit Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON M LIT IITGSECSCORP 2004•RA2 Security Idatifier-939336S20
TG PASSTHRU CTFCLC-8-1VARRATE
6.997%07/251338/E DTO 0510104
Factor 0.39847927 Effective Dele:12/0/11
Current Face Value: 56,038258
12/13113 ." 2 1,290,000.000 76.5190 393,334.91 91.8780 472288.07 78,953.18 2,997.49
Original Cost Basis: $638,906.71
Total Asset Backed Securities $393,334.91 $472,288.07 $78,953.16 $2,997.49 $0.00
1,290,000.000
Total Current Face Value: 514,038.258
Corporate Bonds
CITIZENSCOM lAUNiCATIONSCO SR Security Identifier: 17453BAW1
NT FULLY EXCHANGED FROM 174538AX9
7.25%03,SIS DTD 03/23107M oody Rating 8358 P Rating
8
10103117 1,000,000.000 100.0850 1,000,849.05 96.0000 960.000.00 40.849 05 20,979.17 71.250.00 742%
Original Cost Basis: VW 01006.00
FRONTIERCOMMUNICATIONSCORP Security Identifier: 35906AAH1
SR NT FULLY EXCHANGED FROM CUSP
8500%04/V20 WE DID 04/4/13Moody Rating 83 S$ P
Rating 8
10/11/17 1,000,000.000 98.7510 987,506.00 83.0000 830.00000 •157.506.00 17.944.44 85.000.00 10.24%
Original Cost Basis: 6987.50680
Page 4 of 3'
Rated tactile.% Cleanng through Pershing LC. a *lay evened
90100242CSF3002 trey Yew Since 2007 stall." a The Bank el New Yak Meta
CONFIDOP DALIARIATI0 COMMUNICATIONS CancatIon Ma Mao)
5 (XCILUNCI Per 91. inx 11.C. menbt• ormA.SCAt4XatelL0 0046232
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DE1-SDNY-0009056
EFTA_00 56841
EFTA01289204

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FlNA N CIA L LLC
Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Adjusted Jntealized hayed Estimated Estimated
Date Acquired Quantity Unit Cod Cud Basis Market Price Market Value Gair Loss totem( Annual Income Yield
FIXED INCOM E (continued)
Corporate Bonds (continued)
BARCLAYS BK PLC CONTINGENT CAP NT Security Identilie4:06739FFIKO
'SINS US06739AIK03 1.750% 04110123 8/E
DID 04/9/13CALLABLE04/DISSS P Rating 81.
04/03/13 T2- 13 300.000.000 100.0000 300.000.00 101.5000 304,500.00 4,500.00 5231.25 23250.00 7.63%
Original Cost Basis: $300.000.00
EXELA INTER LLC I EXELA FIN INC GTO Security Identifier 30 S2RAA9
FIRST PRIORITY SR SECO NT 144A
D.000% 071$/23 8/E DID 07/12/17 CA.BMoody Rating 83 55 P
Rating B
10/24/17 2,000,000.000 97.0250 1,940,506.00 97.2500 1,945,000.00 4,494.00 93,688.89 200,000.00 10.28%
Original Cost Basis:61940306.00
DS INVTS GM BH GT0 SR NT Security Identifier: A2986645
REG S 'SINS U5429866453
7250% 04103124 BIE DID 04/03/515 5 P Rating B
10131/17 2,000,000.000 99.0650 1,981,300.00 98.2500 1.965.000.00 .16,300.00 35,041.67 145,000.00 7.37%
Original Cost Basis: $198t300.00
SERVICEMASTER CO NT 7250%03/05'38 B/E Security Identifier: 817601185
DID 03102/98 ET CPN DTE 09/0198
CPN PY T Sall ANNUAL ON IMPOUND SEPO%loody leafing
02 $6 P Rating B
10/18/17 1,000,000.000 103.9830 1,039,829.52 102.2500 1,022,500.01 -17,329.51 24,166.67 72,500.00 7.09%
Original Cost Basis: $1040,006.00
10/19/17 350,000.000 103.9850 363,946.84 102.2500 357,874.99 1,071.85 8,458 33 25,375.00 7.09%
Original Cost Basis: $364,00600
10/20II 7 80,000.000 103.9910 83.192.66 102.2500 81.799.99 -1.392.67 1.933.33 5,800.00 7.09%
Original Cost Basis: 58320600
10/31/17 70,000.000 103.9940 72.795.72 102.2500 71.575.01 -1.220.71 1.69117 5,075.00 709%
Original Cost Basis: $72,806.00
Total Covered 1,500.000 000 1,559,764.74 1,533,750.00 -26,014.74 36,250 00 108,750.00
Total 1,500,000.000 $1,559,764.74 $1,533,750.00 426,0104 $36,250.00 $108.750.00
Page 5 or 3'
ID
Rated [smitten Clewing Heater halms1SC a vAok owned
BO 10 62.63 (NSF trey Year Since 2007 sobsidiary of The Bank a New Yorlg Mellon
DAMIARMITO COMMUNICATIONS CarporatIon (MY Mellon)
EXCLIAINCI Periling 11C. tar ot,RA.W.s.q2t.GM-00046233
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009057
EFTA 00156842
EFTA01289205

Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Adjusted Unrealized Acaued Estimated EstInsaled
Date Acquired Clarity Unit Cost Cost Pals Market Rice Market Value Oainiloss Interest Annual name Yield
FIXED INCOME (continued)
Corporate Bonds (continued)
,PM ORGAN CHASE& CO DEP SHSREPSTG Security Identifier: 46625HHA1
PATH PFD SER 1F IXED TO RIG RT BD
7900%04/29/49 MOTO 04123/08M oody Rating 8AA3 S P
Rating BBB-
08115111 " 12 2.500.000.000 107.5000 2.687.500.00 101.2500 2.531.250 00 -156.250.00 32.916.67 197.500.00 7.80%
Original Cost Basis: $2687,500.00
06/15/11 " 12 2,500,000.000 107.0000 2,675,000.00 101.2500 2,531,250.00 -143,750.00 32,916.66 197,500.00 7.80%
Original Cost Basis: $2675.000 00
Total Noncovered 5,000,000 000 5.362.500.00 5.062.500.00 -300,000.00 65.833 31 395,000 00
Total 5,000,000.000 $5,362,500.00 $5,062,500.00 4300,000.00 $65.833.33 3395.000.00
BANK AM ER CORP PERP NON CAM ULATIV E DEP Security Identifier: 0605050T8
SUS FIXED TO FLOAT 8.25% 04130/58 BJE
DID 04130108 CALLABLE05/VMM oody Rating BA2 St P
Rating BBB-
01/10111 '.3-52 2.000.000.000 102.7500 2.055.000.00 102.0000 2.040.000.00 -15.000.00 20.763.89 162.500.00 7.96%
Original Cost Basis: $2055000.00
SOUTHERN CAUF EDISON CO PREF SER E Security Identifier: 842400 FU2
6.250% 0117162 WE DID 01'1712
CALLABLE 0210122 © AO 000 M oody Rating BAA1S 8 P Rating
BBB-
01130112',3 ° 3,000,000.000 99.8800 2,996,392.72 109.2600 3,277,800.00 281,407.28 78,125.00 187,500.00 5.72%
Original Cost Basis: $2.992.564.97
GENERAL ELEC CO GTD FXD-TO-R.TGRT Security Identifier:3696046144
NON-CUMULATIVE PERPETUAL PREFERRED
4.000% 12/03/65 REG OTD 2/03P6Moody Rating A3 S8 P
Rating BBEP
12103115' 2.489.000.000 88.0930 2,175,016.17 97.2100 2.400.114.90 225,098.73 4,389.33 98,760.00 4.11%
Original Cost Basis: $2.05.01.4
5LLOYDS8ANKING GROUP PLC FXD RATE RESET Security Identifier: 539439A04
AD DI TIER1SC-CS 'NO V55394398642
7.500% 04127/88 BIE DM 04107/1458 P Rating 08-
Please Provide • 1,903,000.000 N/A Please Provide 113.3750 2.157.526.25 N/A 1,585.83 142.725.00 6.61%
Original Cost Basis: Please Provide
Page 6 of 3'
F ID
Rated Ene4lent Glenn& tivough Pershing LW. a .holy owned
BO /3 0 62 C 630K5 (my Year Since 2007 subudiary of The lank a New York Mellon
DAMAR RATIO COMMUNICATIONS Corporation (SNY Mellon)
EXCIILLINCE ‘II•libeay6)(2Nero_000004960234
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DBs ym 58
EFTA_00156843
EFTA01289206

Deutsche Bank
P.O. Box 1776, Baltimore. MD 2 12) 3
December t 2017 - December 31, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Adjusted Unrealized Awued Estimated F9imaled
DateAcquired Outstay Unk Cost Cost Basis Market Price Murat VS. Gain Loss Interest Annual Income Yield
FIXED INCOM E (continued)
Corporate Bonds (continued)
CITIGROUPIK FAD RT SR NT PERP DEP RECPT Security Identifier 17296725
5950% 001646 Bf E D7006112/6
CALLABLE0815/20 4) 130.0001400dy Rating BA2 SI P Raling
8B•
08/08/15 3.000.000.000 100.0000 3.000.005.99 104.5000 3,135,000.00 134,994.01 67,433.33 178,500.00 589%
Original Cost Basis: $3,000,006.00
Total Corporate Bonds $23,358,840.67 $25,611,191.15 $94,824.23 $447,466.13 $1,798,235.00
25,172,000 000
TOTAL FIXED INCOME $23,752,175.58 $26,083,479.22 $173,777.39 $450,483.82 $1,798,235.00
26,482,000 000
Unmixed Stied NSW
CiateAcquind Quantity Unit Cod Cod Bads Market Pike Mutat Value alarms Animal Income Yield
EQUITIES
Common Stocks
BROADCOM LTD SHSISINO SC999908823 Security Identifier: AVG°
Dividend Option: Cash CUSP: Y09827119
09129/17 2,0001 485,814.78 256.9000 513.800 00 27 985 22 14,000.00 2.72%
10113117 2,000 499,916.68 256.9000 513.800 00 1382332 14,000.00 2.72%
Total Covered 4,000 000 985,791.46 1.027.600 00 41,808.54 28.000 00
Total 4.000 000 5985,791.46 $1.027,600 00 $41,808.54 528.000 00
ADVANCED M ICRO DEVICES INC COM Searcy Identifier: AND
Dividend Option: Cash CUSP 007903'07
50900,00 of these shares are in your margin account
00/15/17 20,000.000 12.2810 245,812.36 10 2800 205.600.00 40,012.36
12115117 30,000.000 12.2300 366,912.57 10 2800 300.400.00 48,512.57
Total Covered 50.000 000 612.524 93 514,000 00 48,524.93
Total 50.000 000 5612 524 93 $514,000.00 498,524.93 $0.00
Page 7 of 31
Rated Eacelient Clewing through ltreldis arc wady evened
SO 13 0 242 C SP3 0 L Every Year Since 20O7 sateldiacy a me Mak a New Yea* Mellon
CON0 DAUIAR RATED COMMUNICATIONS CerpontIon(atlY Mellon)
25FIDO. LRCMM CC Perfhnx 11.C.rnott• iineisiONEAGM-00046235
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) D13-SDNY-0009059
EFrA_00156844
EFTA01289207

Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Unrealized Estimated Estimated
Dale Acquired Quantity Unit Cog Cost Basis Market Price Market Value °Silos Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
ALIBABA GROUP HLDG LTD SPONSORED ADS Security Identifier. BABA
'SINS US0109W1327 CUSP. 0 809W 1:12
Dividend Oplion. Cash
06110115 5.000.000 88.9500 444.749.00 172.4300 862.150.00 417.401.00
APOLLO GLOBAL M GM T Lie CL A SHS Sturdy Idenlifier: APO
Dividend Oplion: Cash CUSIP 03762306
03/29/11'm 263.157.000 19.0000 4,999.983 00 33.4700 8,807,864.79 3,807,881.79 486.840.45 5.52%
APPLE INC ODM Security Ideatifier. AAPL
Dividend Oplion: Cash CUSP: 037833100
12/07/17 214,000.000 169.8140 36,340,223 40 169.2300 36,215,220.00 -125,003.40 539,280.00 1.48%
BASF SE SPONSADR Securily Identifier: BASFY
ISINI US0552625057 CUSIP 055262505
Dividend Oplion: Cash
04/13/15 20.000.000 25.4030 508.056.00 27.4700 549.400.00 41,344.00 12.092.12 2 20%
BARRETT BILL CORP COM Security Identifier. BBG
Dividend Oplion: Cash CUSP: 06846ND4
12/06/17 3,400.000 5.0000 17,000 00 5.1300 17.442.00 442.00
MOGEN IDEC INC COM Security Identifier- BOB
Dividend Oplion: Cash CUSP 09062X133
02114112'•3 231.019 65 318.5700 667.404.15 436,384.50
GEN/ENECORP DEL COM Security Identifier. CNC
Dividend Oplion: Cash CUSIP.15151131
09108114 15,550.000 63.6450 989,679 75 100.8800 1.568.684.00 579,004.25
FACEBOOK INC CL A Security Idenlifiet FB
Dividend Oplion: Cash CUSP. 30303M 1:12
05/17/12 " 3 11.500.000 38.0000 665,000 00 176.4600 3.088.050.00 2.423.050.00
GILEAD SCIENCES INC Security Identifier. GILD
Dividend Oplion: Cash CUSP: 37555893
02105114 5.000.000 79.2810 396.407 00 71.6400 358.200 00 -38,207.00 10,400.00 290%
03107114 3.100.000 79.6120 246,797 00 71.6400 222,084.00 -24,713.00 6,448.00 2.90%
10124117 4,400.000 80.0900 352,395 71 71.6400 315,216.00 -37,179.71 9,152.00 2.90%
Total Covered 12,500 000 995,599 71 895.500.00 -100,099.71 26,000 00
Total 12,500.000 $995,599.71 $895,500.00 4100,099.71 $26,000.00
Page 3 of 3'
ID0
Rated Galls. Clewing through PeaNnglIC. a udb" owned
B010 02t6C630K5F bay yew Since 2007 Smola, of The Melt OW. Yak Mellon
DAIUAR£ATTDCOMMUNICATIONS Corporation (My Mew)
EXCIaltha Pennine ltC.n.tater FIKRA.W.Ofuet9M-00046236
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009060
EFTA_00156845
EFTA01289208

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Unmated Estimated La imaled
Date Acquired Dustily Unk Cost Cosa EMS Market Price Market Value GAOL= Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
VOU(SWAGEN A GADR (WOWS) Security Identifier: VLKAY
Dividend Option: Cash CUSP:928662303
04/13/15 5.000.000 50.8610 254,306.00 40.4350 202.175 00 -52,131.00 1,706 59 084%
09/21/17 24,000.000 34.1880 820,503.00 40.4350 970.440 00 149,937.00 8.191 66 084%
Total Covered 29,000.000 1,074,809.00 1,172,615 00 91,806.00 9,898 25
Total 29.000.000 $1,074,809.00 $1,172,615.00 691,808.00 $9,898.25
Total Common Stocks $47,864,435.90 $55,385,929.94 $7,521,494.04 $1,102,110.82
Preferred Stocks (Listed by expiration date)
GIAAC CAP TR I GTO TR PRI SECS SER 2 ON- Security Identifier: ALLY PRA
8.25% FREO ORTLY M ATY-02/ 1/2040 CALL CUSP 36160208
ANYTIME/25 W130 DAYS BEGINS02/1/13
Dividend Oplion: Cash
02122112'° 80,000.000 23.5350 1,882,773.60 25.9500 2,076,000.00 193,226.40 147,216.00 7.09%
Total Preferred Stocks $1,882,773.60 $2,076,000.00 $193,226.40 $147,216.00
Options
CALL 90 TIMEWARN IWC NEW COM NEW Option Identifies 990AHOGHJ
DIP 011-1410.000 OPTION ROOT= MX Underlying Security Identifier: TW X
Underlying Security Price: $91.47
10/13/17 10.000 4.5360 4.536.00 0.0600 60.00 4,416.00
PUT 130 GILEAD SOENCESINC Option Identifier: 990A11114K
EXP 01S-1/75.000 OPTION ROOT: GILD Underlying Secaiity Identifier. GILD
-25.00 of thesecoatracts area short position Underlying Security Price: $1164
12115117' -125.000 1.6790 -20.993.50 3.5600 44.500.00 43,506.50
PUT DO GENERAL ELECTRIC CO COM Option Identifier: 99GAHUOJU
EXP 0114013000 OPTION ROOT= GE Underlying Security Identifier: GE
-250.00 of these conliads area short position Underlying Setaley Price: S0 .4S
12/05/17 -250.000 0.8600 41,493.49 0.6800 -17000.00 4,493.49
Page 9 of 3''
Rated ficellent Cleanng %Mr Pealing11C a voilay awed
24 2C SF3 0 Every Year Since 2007 Mallory of The Mak of Yoh Melba
CO0 L DALBAR RATED COMMUNICATIONS CarpontIon (MY MeNon)
CONFIDENTIAL — PURSUANT TO FED. R CRIM, P. 6(e) DA 10 0 N25FIDO. VICILLINCI Pe„ Einar 11.C. rret-to DE-SDNY-0 00 0 0 0 4 9 6 0 23 6 7 1
EFrA_00 156846
EFTA01289209

Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Untested Ealleseled Winded
Ode Acquired Nudity Oa Cod Cod Bat Maker Price dirket Value Genloss MaudIncome Yield
EQUITIES (continued)
Options {continued)
CALL 100 BROADCOM LTD SHS Option Identifier 990A1111
*Mt $03999011023 E P 011346260 000 Underlying Security Identifier: AVG°
OPTION ROOT: MOO Underlying Security Price: $256.90
-20.00 ol these contracts area shod position
12/15/17 ' -20.000 10.5630 -21.126.51 4.6700 -9,340.00 11,786.51
CALL 130 BROADCOM LTD SHS Option Identifier: 990AM C2D7
ISINt S699990%823 CO 024.1341250.000 Underlying Security Identifier: MOO
OPTION ROOT: AVGO Underlying Security Price:5256.90
.20.00 of these contracts area short position
12/15117 ' -20.000 18.4020 -36,803.14 14.5000 -29,000.00 7,803.14
CALL MO SFORS&P 500 ETF TR TR UNIT Option Identifier 990AILYLG
CO 03-13-14270.000 OPTION ROOT: SPY Underlying Security Identifier: SPY
Underlying Security Price: 3266.86
12111/17 900.000 2.9200 262,806.00 2.9500 265,500.00 2,694.00
Total Options $168925.36 3165 720.00 41 205.38 $0.00
TOTAL EQUITIES $49,914,134.86 $57,627,649.94 $7,713,515.08 $1,249,326.82
nests Eallesered Esthared
Dale Aceeked QuestIty Unil Cosl Cod Bids Maker Price Market Value Conlon Annual Monte Yield
M UTUAL FUNDS
SIAORGAN FLOATING RATE INCOME MO Security Identifier. PHSX
CLASS I CUSIP. 4821.59
Open End Fund
Dividend Option: Reinvest; Capital Gain Option: Reinvest
09126117 318.809.777 9.4100 3,000,000.00 9.3800 2,994435.72 4,564.26 112,919.23 377%
Reinvestments to Date 3,251.867 9.3920 30,542.98 9.3800 30,502.50 40.48 1,151.78 3.77%
Total Covered 322,061.644 3,030,542.98 3,020,938.22 4,604.76 114,071.01
Total 322.061.644 53,030,542.98 53.020.938 22 -39.604 76 5111.071.01
TOTAL M UT UA L FUN DS $3.030.542.98 53.020 938 22 49 604 76 3114.071.01
Untaxed Estimated Estimated
Date Acquired Quantity Una Cod Cod Bads Mond Rice Market Value maltose Annual Income Yield
EXCHANGE-TRADED PRODUCTS
ISHARES INC MSQ SOUTH KOREA Elf &tardy Identifier DV Y
Dividend Opt ion: Cash: Caudal Gains Option. Cash CUSP. /6/286772
11103117 13.000.000 75.8460 985,996.98 74.9300 974,090.00 -11,906 98 28.291 14 290%
Page 10 of 31
Rated Eaceilent Cleating through PenangI IC *tab./ evened
BO 10 0 24 2C SF30 0 25 L (my Year time 2007 sateldiery of Tl,e Bank a New Yeelt Melee
CONFIDO. DMIAR IMO COMMUNICATIONS Ceoporatton (IINY atelloo)
EXCILlatta Per ihnx 11.C.nntrber la)
CONFIDENTIAL - PURSUANT TO FED. R CRINI. P. 6(e) DB-SDNY-0009062
EFrA_00 156847
EFTA01289210

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
U.S. DOLLARS (continued)
Unrealized Estimated Estimated
Date Acquired Nastily Unit Cod Cod Bads Market Rice Market Value GaIntLess Annual Income Yield
EXCHANGE-TRADED PRODUCTS (continued)
'SHARES TR CHINA LARGSCAPETF Security Identifier FXI
Dividend Option: Cash; Capital Gabs Option: Cash CUSP:46428714
11103117 21,000.000 46.3690 973,747.44 46.1700 969 570 00 4,177.44 22,422.26 2.31%
!SHARES INC MS:l TAIWAN ETF Security Identifier: BUT
Dividend Option:Cash:Capital Gains Option: Cash CUSP:464346772
11/03(17 26.000.000 37.9690 987.205.46 36.2100 941.460.00 45,745.46 26,491.55 2.81%
WISDOM TREE TR APAN HEDGED EQUITY FO Security Identifier. DM
Dividend Option: Cash; Capital Gaels Option: Cash CUSP: 9771W851
60,000.00 of these shares are in your margin account
12111/13 60,000.000 49.4350 2,966,098.50 59.3300 3,559,800.00 593,701.50 82,039.80 2.30%
TOTAL EXCHANGE-TRADED PRODUCTS $5,913,048.38 $6,444,920.00 $531,87152 $159,244.75
Unrealized Accrued Estimated
Cod Bads M alter Value Gain Loss Interest Annual Income
TOTAL U.S. DOLLARS $83,433,725.13 $94 000,810 71 $8 409,559 33 34 50 463 62 $3,424,819.41
BRITISH POUND
Estimated
ourriptkri (hardily Market Rice Market Value Currency Yield
EQUITIES
Common Stocks
NESC HOLDINGS PW ORD MS 24,800 000 7.6690 190.191 20 GBP
ISMS GB0005405286 257233 59 USD
Security Id midis: HSBA:GB
CUSIP:04634U19
Total Common Stocks 190,191.20 CO)
257,233.59 USD
TOTAL EQUITIES 190,191.20 GBP
257,233.59 USD
Page 1) of 3'
Rabid hottlent Clewing through Pagel% I1C *aka/ owned
024 2CSF3 0 L (very Year Since 2007 Molar! of The kalcoMer Vat Mellon
CO0 DALIAR RATIO COMMUNICATIONS CancratIon ('NY Mellon)
BO 13 N25FIDO. LICILLINCI Perihnx 11.C.erwf-tan ineenctrRnateM-00046239
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009063
EFTA_00156848
EFTA01289211

Portfolio Holdings (continued)
BRITISH POUND (continued)
Accrued
Market Value Cerrenoi interest
TOTAL BRITISH POUND 190.191.20 Se 0.00
257,233 59 USD 0.00
HONGKONGDOLLAR
Btimated Estimated
Description Ouenlity Meat PIS Market Value Currency Annual Income Yield
EQUITIES
Common Stocks
LONKING HOLDINGS LTD SHS 710,000.000 3.4300 2.435.300.00 FIND 44.019.87 1.80%
'SINS KYS5636C9713 311.538.06 USD 5.631.30
Security Identifier: 3339:11K
CUSP G5636C07
NINE DRAGONS PAPER HOLDINGSLTD SHS 111.000.000 12.5200 1,802,880.00 HKD
ISMS BM G653131305 230.635.15 L150
Security Identifier 2689:11K
CUSIP. 06531130
ZTECORPSHSH INN* CNED00001Y2 79,600.000 29.3500 2,072,110.00 HKD
Security Id eel Wier 76311K 265,076.74 UM
CUSP. Y0004 F135
ANHUI CONCH UM ENT CO LTD SHSH 52,500.000 36.7500 1,929,375.00 HKD 31,510.33 1.63%
C,NEt00001/12 246.817.20 USD 4,031.00
Security Identifier 911:HK
CUSH>. Y01373132
BANK OF CHINA LTCBEIdNGSHSH 512,000.000 3.8400 1,966,080.00 HKD
ISHII CNE13000025 251,512.32 UM
Security Identifier 399811K
CUSP Y0698A137
CHINA COMM UNICATIONS CONSTRUCTION COMPANY 224.000.000 8.8800 1.989.120.00 HKD
LTD SHS H CNEM00002F5 251.459.97 BO
Security Identifier 1300 NK
CUSP YR36,1138
DONGFANG ELECTRIC CORPORATION LTD 150,200.000 6.1100 962.782.00 HKD
SHSH INNS CNED0000301 123.164.75 11W
Security Identifier 1)72:HK
CUSIP. Y2095807
WBCHAI POWERCO LTD H 228.000.000 8.5600 1,951,680.00 HKD
ISINICNE900004L9 249,670.49 USD
Security IdeelWier:2338:11K
CUSIP. Y95314'09
Page '2 of 3'
Rated 4mM:on Orin not* Paulen (I a ~yawned
60100242CSF3002 5 L-- (Ivy YCO/ Since 2007 istaldiary of TM Bank el New Yet Mellon
CON Ape DAllIAR RA 110 COMMUNICATIONS exponglon (atly Mallon)
EXCiLLINCI Pereira 11.C. mere« IthRA.gaelYa.GM-00046240
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009064
EFTA_00 156849
EFTA01289212

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
HONG KONG DOLLAR (continued)
Estimated Estimated
Description Ovataity Merkel Pike \Watt Value Cliff0 0/ Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
ZHUDI0U CRfte mi ES EtECTRIC CO LTD WS 43,400.000 50.8500 2,206,890.00 HKD
-H. ISNICHED00004X4 282,318.61 USD
Security Id Hillier. 3898:11K
CUSP. Y9892ND4
Total Common Stocks 17,316,217.00 HK0 75,530.20
2215,193.29 USD 9,662.30
TOTAL EQUITIES 17,316,217.00 HKD 75,530.20
2,215,193.29 USD 9,682.30
Accrued Edintated
Market Value Curfew Intend Annul Insane
TOTAL HONG KONG DOLLAR 17,316,217.00 HKD 0.00 75,530.20
2,215,193.29 USD 0.00 9,662.30
JA PA N ESE Y EN
Opening Closing Accrued 30-Day
Desaiption Quantity Salome Balance Currency Income Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS
Global Cash Balance 0.00 -267.00 JPY
-2.37 USD
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS 0.00 -267.00 JPY 0.00
-2.37 USD 0.00
Page 13 of
Rated ticellent Cleanng through hob% LC. awl.* evened
24 2CSF3 0 L tray Year Since 2007 sobsidiary of The Bank NN et Yak Mellon
CO0 DA{ VAR RA Ten COMMUNCATIONS CarporatIon (IINY MOW
PO 13 0 N25FIDOs maniacs Per ihnx 11.C. mn-tan iii AAVVELGOA-00046241
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DEl-SDNY-0009065
EFTA_00156850
EFTA01289213

Portfolio Holdings( continued)
JA PANESE YEN (continued)
Estimated Estimated
Oescription OvaMity Market PM Market Value Currents Annual Income Yield
EQUITIES
Common Stocks
NAIITES03 03RP TOKYO SIM LTD 6,300.000 4,320.0000 27,216,000.00 JPY 428.369.06 1.57%
MINI Y36529001 241.623.65 US) 3,803 33
Security Identifier. 6268:8
CUSP:447070N
Total Common Stocks 27,216,000.00 JPY 428,369.06
241,623.65 USD 3,803.33
TOTAL EQUITIES 27,216,000.00 JPY 428,369.06
241,623 65 USD 3,803.33
Asaved Estimated
Market Value Currency lateral Maul Mane
TOTALJAPANESEYEN 27,215,733.00 JPY 0.00 428,369.06
241,621.28 USD 0.00 3,803.33
RAND
Sawed Estimated
Description lbanlity Nadal Prim Market Value Currency Maul lame Yield
EQUITIES
Common Stocks
NASPERS UM ITED LTC 2.000 000 3.451 0000 6,902,000.00 ZAR 11,599.90 0.16%
ISINSZAE0000t889 551,688.50 USD 931.29
Security Id anther. NAPRE
COSIP: S5343503
Total Common Stocks 6,902,000.00 MR 11,599.90
557,688.50 USD 937.29
TOTAL EQUITIES 6,902,000.00 MR 11,599.90
557,688.50 USD 937.29
Acaued Ettlasated
Market Value Curtenoi Interest Mini Income
TOTAL RAND 8,902,000.00 ZAR 0.00 11,599.90
557,688.50 USD 0.00 937.29
Untreated Acaued Whaled
Coat Bade Martel Value Galician Intend Annual Income
TOTAL PORTFOLIO HOLDINGS - U.S. 983,433,725.13 $97,272,547.37 98,409,559.33 $450,463.62 93,439,222.33
DOLLARS
Page 14 of 3'
ID
Rated timeliest Clewing three* PeakingI IC *ISO/ evened
80 13 0 62 060U F trees Year Since 2007 estaldiary of The task el New Vest Mellon
DALIAR WED COMMUNICATIONS CarpotatIon (IINY Mellon)
LICalltteCt PerOing nett/ FINRAARIVELGOL0 0046242
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009066
EFTA_00 I 56851
EFTA01289214

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINA NCIAL LLC
Portfolio Holdings (continued)
• Noncovered under the tost basis rules as dehned below.
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entit Isis are not subject to the cost basis reporting rules set forth m the Interne' Revenue Code of
1986, as amended bythe Emergency Economie Stabilization Act of 2008. and are marked as "noncovered" Securities marked as "covered-, were identified as securities potent ially
subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities aredisposed.
Note: In the event wherewe cannot easily determine the taxability of an account, we may merk the account as covered. However, if the account does not receive a 10998, the cost
basis will not be reported to the IRS.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments. or principal paydowns. The calculation Is based upon the
taxpayer election, type of fixed income security, and certain ettributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed , there may
be a temporary incorrect adjusted cost basis reflected untilthe cost basis system is amended to rellect the change. These calculations will not be performed under certain
circumstances. including these involving foreign bonds. bonds sold short or bonds issued with less than one year to maturity This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of Ibis security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo fhe accuracy of fhis information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available.
e The Current Face value represents the outst anding principal balante of the underlying security. The Current Face value isdetermined by multiplying the current factor Eimes the original face
amount of the securify. Factors may change over time and are obtained from sources we believe fo be
12 Pershing has received updafed tost basis information, therefore cost basis provided on previous dient brokerage Nafementsmay differ from the new tost basis reported in this section.
13 The cost basis of this security has been provided to usbythe dedivaring firm or transferring agent and Pershing makes no representation as to the accuracy of fhis informafion.
Holdings Summary by Currency
Exclungaraded
adrency Gel Fixed Inosme Equities Mutual Funds Funds Total by Ontency
U.S. DOLLARS 823.823 26,083.419 57,627.649 3,020,938 6.444.920 94.000.810 USD
BRITISH POUND 0 0 190,191 0 0 190,191 GBP
HONG KONG DOLLAR 0 0 17,316.217 0 0 17.316.217 HKD
APANESE YEN -267 0 27.216.000 0 0 27.215.733 JPY
RAND 0 0 6,902.000 0 0 6,902.000 ZAR
Total USO Equivalent 823.820 26,083,479 60.899,388 3,020,938 6,444,920 97,272,547 USD
% of Allocation 1% 27% 62% 3% 7% 100%
Page '5 of 3'
cai n
Rated Gotik« through Peninnt LLC, a tdely owned
0242CSP300 2 5 L- Even/ Yeat SInce1007 tateelary of 71,e Unk ei New Vatit.A.nen
CONFIDe DMIAR RATEDCOMMUNICA110115 Corporation (IINY
LetUDICE Perleim U.C. neuer FIKRA.M49y,,,ero_00046243
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) B O 10 DB-SDNY-0009067
EFTA_00 156852
EFTA01289215

Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices. unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "N/ A" and are omitted from the Total.
THE AS OF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable: however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading. or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www pershing.coml disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness. timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions. regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for
investment purpose Credit ratings should not be relied upon as investment advice.
Page 16 of 3'
Rated Ein4lent Clown& through Persbn LLC • Say ~ad
801002.6C630_0Z5 Every Year Sine 2007 subudiary of me Bank ol Mew Y.:4 Melba
NFIDFFITAL DALBAR RATED COMMUNICATIONS Corporation18NY Mellon)
VIMI .M CC tic. mntft ‘11•RA.gWrillteM _ 0 0046244
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009068
EFTA_00 156853
EFTA01289216

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
)ecember 1,2017 - December 31,2017
3OUTHERN FlNA NCIALLLC
Schedule of Realized Gains and Losses Current Period
Dale Date Realized
Desaiptke Disposed Acquired Designation Disposition Method/ Ttaasadlon Quantity Meads Cod Bait Gain Loss
Short Term
SM ART GLOBAL HLDGS1 12106/17 11/30/17 Covered Rrst In First Out / SELL 1.800.000 49,967.68 60.300.00 -10.332.32
Security Identifier. 68232YDI
AMERICAN AXLES MFG 12/13/17 12112/17 Covered Rrst In First Out / KU 1700.000 29250.32 28.900.00 350.32
caM
Security Identifier. 0240611)3
LEXINFINTECHHLOGSL 12121/17 12121117 Covered First In First Out! SELL 1,200.000 14.281.66 10.800.00 3,481.66
Pit VS5188771334
Security Identifier. 52887793
CALL GILEAD SCIENCES 12118117 10/24117 Covered Rrst In First Out / EXPIRE OPT 587 40.000 7,880.81 0.00 7,880.81
85.00
Security Identifier. 990AKP6JT
PUT GILEAD SCIENCES 12/18117 10124117 Covered Prat In First Out! EXPIRE OPT SHT 45.000 7,476.82 0.00 7,476.82
75.00 12/18117 10/24/17 Covered First In First Out! EXPIRE OPT SHT 40.000 6,958.83 0.00 6,958.83
Security Identifier. 990AKP6KH
Total -125.000 14,435.65 0.00 14,435.65
CALL GILEAD SCIENCES 12118/17 10/24117 Covered Fast In Fits' Out / DFIRE OPT SHT 45.000 13,443.68 0.00 13,443.68
82.50
Security Ideatifier:990ALHGAB
CALL BROADCOM LTD SH 12/15117 09/29117 Covered Ant In First Out! BUY .20 000 20,698.52 24288.00 -3,587.48
250.00
Security Identifier:9912AL09FM
CALL BROACCOM LTD SH 12/15117 10/13117 Covered Ant In First Out! BUY •20.000 15,828.63 10,798.00 5,032.83
260.00
Security Identifier.990ALOSEN
PUT BROADCOM LTD SH 12/18/17 09129/17 Covered Ant In First Out! EXPIRE OPT SHT -20 000 23,775.44 0.00 23,775.44
240.00 12/18/17 10/13117 Covered First In First Out! EXPIRE OPT SHT •20 000 15,648.63 0.00 15,648.63
Security Ideetifier:990ALO9FYI
Total 40.000 39,424.07 0.00 39,424.07
Total Short Term 205,211.02 135,082.00 70,129.02
Page 17 of 31
Rated £zSk,n C weds through Pealing EEC. a vilely evened
24 2CSF3 0 L Every Year Sect 2007 sotnkliacy a me kelt a Nen Yen Mellen
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) 80 10 0 C O0 N 25FIDO. D EX A C L E IA LL R E N R C A E T ED COMMUNKAT IONS Pe e r . h c n e x a t 1 t 1 n .C ( . M nw Y n t M at e • l l o on te ) t D e. B frW -S it D ec N G Y M - - 0 00 0 0 0 4 9 6 0 24 6 5 9
EFTA_00 156854
EFTA01289217

Schedule of Realized Gains and Losses Current Period (continued)
Dale Dale Realized
Desaiption Disposed Annulled Designation Disposition Method / Tranadion Quantity Proceeds Cod Bads GaiM Loss
Long Term
APPLE INC COM 12107117 01111116 Covered Ant In First Out !SELL 214.000.000 36277.912.46 21.186,005.14 15,091,907.32
Security Identifier. 03783310
WASHINGTON IA UT MTGS 12122117 12113113 Noncovered" REPY1A T OF MN 1.290.000.000 2,030.88 1,554.01 476.87
004-RA2 1176 PASSTHRU CTFCL C- Original Cost Brsis:1554.01
8-1VAR RATE 6.997% 07125133
Security Identifier: 939336520
Total Long Term 38,279,943.34 21,187,559.15 15,092,384.19
Total Short and Long Term 36,485,154.36 21,322,641.15 15,162,513.21
Date Dale Realized
Description Dimmed Acquired Designation Disposition Method] Danudion Duzatily Proceeds Cod Bans Gem loss
As of Trades
MALCOM INC 11117117 09/14/17 Covered Ant In First Out! SB.L 5.000.000 269,715.75 155,585.97 14,119.78
Security Identifier: 74752513 11117117 09120117 Covered Ant In Ant Out! sat 5.000 000 279.149.53 259.806.00 19,343.53
REY GROUP INCCOM 10113117 10/13/17 Covered Fret In First Out / Sal. 2.700 000 73,459.30 73,575.00 -115.70
Security Identifier: 749527137
• Noncovered under Me cost basis rules as defined below.
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1886, as
amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as 'covered', were identified as securities potentially subject to the
cost basis reporting rules and may be reported to the IRS on form I399-B for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, if the account does not receive a 10998, the cost basis will
not be reported to the IRS
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
Information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
Page 18 of 3
Rated tactile.. Clewing liner PadS I1C naoly owned
24 2C SF3 0 L bey Yew Since 2007 semidry of TM talc N New Vat Meta
CO0 DALIARMIT0 COMMUNICATIONS Carporat$a n (eta Mellon)
trauma 00046246
8010 0 N25FIDO. P ng1LC.ertn—bn FINRAVO VELGM-
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009070
EFIA_00156855
EFTA01289218

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - Decem ber 31,2017
SOUTHERN FlNANCIALLLC
Schedule of Realized Gains and Losses Current Period (continued)
' The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method. your account will be defaulted to First In. First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099-B
M essages
Please note the following information for Pershing's 2017 Form 1099 tax statement (1099)- The 1099 includes IRS1099 Form B, DIV. INT, OlD and M ISC. Your 1099 will be delivered
as early as possible, beginning January 31.2018 By February 15, you will be mailed either your 1099 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have
not received and processed final information from issuers and trustees of securities you hold by the as of date of the February 15 1099 mailing. You will also be sent the notice if your
information is still being reviewed and finalized. It will inform you of the securities that are pending final reporting, and will provide the anticipated mail date of your 1099. Your 1099
will be mailed no later than M arch 15.2018. For more information please visit mytaxhandbook.com.
M UNICIPAL SECURITIESRULEM AKING BOARD/9(M Snap)
INVESTOR EDUCATION AND PROTECTION
An investor brochure that describes the protections available under M SRB rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on
the M SRBwebsite. msrb.org.
Pershing LLC is registered with the Securities and Exchange Commission (SEC). M SRB. FINRA. and NYSE
Although a money market mutual fund seeks to preserve the value of your investment at S1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Flease see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
The U.S. adopted a shortened settlement timeframe beginning with trade date September 5,2017, for equities, corporate and municipal bonds, and unit investment trusts. Moving
from a T.3 to a T.2 settlement cycle provides faster access to sale proceeds. but it also means that funds are due on purchase transactions earlier. This may be a good time to
consider e-delivery of your account documents-including trade confirmations. account statements and more. Ask your advisor or financial institution about how you can set up
e-delivery.
DISCLOSURE
By completing a physical or electronic contact form or providing Trusted Party information to my broker or advisor for electronic capture, l/ we authorize the named Financial
Institution and Pershing LLC ("Pershing') and their affiliates to share my nonpublic personal information' held at Financial Institution and Pershing with the named trusted contact
person(s) (the "Trusted Contact Person(s)") identified as such. Additionally, I/ we authorize this information to be shared with the Trusted Contact Person(s) at the discretion of
Financial Institution and Pershing This authorization includes, but is not limited to. sharing or disclosing any information regarding securities, insurance, bank related, financial
planning or other financial products or services offered by or through Financial Institution and/ or Pershing or any financial information I/we may have provided to Financial Institution
and Pershing. l/ we understand that Financial Institution and Pershing, LLC may contact the named Trusted Contact Person(s) if there are questions/ concerns about my whereabouts
or health status (i.e., if Financial Institution and Pershing becomes concerned that I may no longer be able to handle my financial affairs) or in the event that Financial Institution and
Pershing becomes concerned that I may be a victim of fraud or exploitation. Financial Institution and Pershing suggests that the named Trusted Contact Person(s) not be someone
authorized to transact business on the account. or w ho is already otherwise able to receive the information described above.
Account owners should contact their Financial Institution or financial representative with additional questions.
Page '9 of 3'
Rated ticellent Clown& Elvough Perin LLC. a May owned
B013026C630_026 (my Year Since 2007 subudiary of The Bank col Mew Vert Mellon
NFIDOWFAL DALBAR RATED COMMUNiCATI0NS Corporation ISNY Mellon)
EXCELLENCE p.,.p.na: Lit% rirrra, ,it,RA.%411,2PM_00046247
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009071
EFTA_00 156856
EFTA01289219

M essages (continued)
Account ow ners may also contact RNRA at its toll-free number for senior investors to get assistance or raise concerns about issues with brokerage accounts and investments.
CALL 844.57-HELPS
MONDAY - FRIDAY; 9 - 5 P.M . ET
• *Nonpublic personal information" includes, but is not limited to: financial account information and balances, information regarding the purchase of a security or insurance product,
and any other personally identifiable financial information: (i) provided by a me/ us to my! our Financial Institution; (ii) resulting from any transaction in my/ our account or any service
performed on behalf of me/ us by the Financial Institution; or (iii) otherwise obtained from me/ us by the Financial Institution.
Activity Summary (All amounts shown are in base currency)
Cedes This Period Debits This Period Net ThisPeded OedltsYear-to-Date Deters Year-to-Deli Net Yere-to-Dele
Securities
Securities Bought 0.00 45,270,004.73 45,270,004.73 0.00 43,804,982.24 43,804,982.24
Securities Sold 38,299,865.47 0.00 38,299,885.47 42,577,226.53 0.00 42,577,226.53
Securities Wilhdrren 0.00 0.00 0.00 0.00 -52.061,215.50 42,061,215.50
Total Securities $38,299,885.47 445,270,004.73 48,970,119.28 $42,577,226.53 4115,886,197.74 473,288,971.21
Dividends and Interest $216,609.63 $0.00 $216,609.63 $2,878,507.02 4124,935.66 $2,753,571.14
Distributions 8222.19 $0.00 $222.19 $1,511,929.67 $0.00 $1,511,929.67
Fees $0.00 $0.00 $0.00 $0.00 4400.00 4400.00
Taxes Withheld $0.00 80. 00 40.00 $0.00 46,076.09 46,076.09
Other $0.00 42 36 42.36 $0.00 42.36 42.36
Cash
Withdrawals 0.00 0.00 0.00 0.00 -1,273,731.96 -1,273,731.96
Deposits 60,000.00 0.00 60,000.00 60,000.00 0.00 60,000.00
Total Cash $60,000.00 $0.00 360,000.00 460,000.00 41,273,731 96 41,213,731.96
Totals $38,576,717.29 445,270,007.09 46,693,289.80 $47,027,663.42 4117,271,344.03 470,243,680.61
Transactions by Type of Activity
Preens Dade
Settlement Transaction
Date Date Activity Type Description Quantity Prim Accrued Interest Amount Currency
Securities Bought and Sold
12104/17 11/30/17 PURCHASE) SMART GLOBAL HIGGS INC 915 PROSPECTUS UNDER 1,800.000 33.5000 40,300.00 USD
SGH SEPARATE COVER
12104/17 11/30117 SOLD VENATOR M ATLS PLC SHS (SINS MOO ElF3ZNSS4 UNSOLICITED -1,400.000 21.9207 30,626.28 USD
VNTR ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED ASAGENT
Page 20 of 3'
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CONFIDOP - AL-- DAtRARMITO COMMUNICATIONS Carporatfon (SHY Man)
EXCILIANCE Pera..nx 11.C. merge/ Fitala.flAt4YaGM-00046248
CONFIDENTIAL - PURSUANT TO FED. R DRINI. P. 6(e) DB-SDNY-0009072
EFTA_00 156857
EFTA01289220

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
ROCS Trade
Satiation! Transaction
Date Dale Activity Type Description (Moldy Price Acaued Interest Amount Currency
Securities Bought and Sold (continued)
12/04/17 11130/17 PURCHASED VENATOR MAILSPLCMS (SINS GEIO 0 BF3ZNS54 PROSPECTUS 1.400 000 22.5000 -31.500.00 USD
VNTR U HOER SEPARATE COVER
12104/17 11/30/17 SOLD GRAY TELEVISION INC COM UNSOLICITED ORDER AVERAGE -4.600.000 14.4087 66.088.48 USD
GUN UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
12/04/17 11/30117 PURCHASED GRAY TELEVISION INC COM PROSPECTUS UNDER SEPARATE 4,600 000 14.5000 16,700.00 USD
GTN COVER
12/06/17 12/04/17 PURCHASED HONG KONG DOLLAR 18.584.882 230 7.8147 4.378.195 23 USD
12106/17 12104117 PURCHASED .MPANESE YEN 27.882,261 000 112.5670 -247,694 80 USD
12/06117 12/04111 PURCHASED MSC HOLDINGS PLC ORD MSISNI690005405286 24.800 000 77.5500 -1,928,196.95 HKO
IISBAGB ALLOCATED ORDER YOUR BROKER ACTED AS AGENT AS OF -246,679.75 USD
12/04/2017
12106/17 12/04/17 PURCHASED LONYJNG HOLDINGS LTD SHS ISI NO KYG,5636C9711 ALLOCATED 710,000 000 2.7923 -1,987.642.45 HKD
333911K ORDER YOUR BROKER ACTED AS AGENT AS OF 2/04/201 -254,284.78 USD
12106/17 12104/17 PURCHASED NINE DRAGONS PAPER HOLDINGS LTD SHS 144.000 000 13.4600 -1.943.235.60 HKO
2689:HK ISM* BM G653131305 ALLOCATED ORDER YOUR BROKER ACTED -248,603.69 USD
ASAGENT ASOF 2/04/2017
12106/17 12/04/17 PURCHASED ZTE CORP SHSH IMMO CHEM 00004 Y2 ALLOCATED ORDER 70,600 000 27.6542 -1,957,418.42 HKD
763 HK YOUR BROKER ACTED AS AGENT AS OF 2/04/2017 -250.418.14 USD
12106/17 12104/17 PURCHASED ANHUI CONCH CEMENT CO LTD SHS H 'SINS CNED 00001II2 52,500 000 37.0748 -1,951,443.51 HKD
914 HK ALLOCATED ORDER YOUR BROKER ACTED AS AGENT AS OF -249.653.75 USD
2/04/2017
12106/17 12104/17 PURCHASED BANK OF CHINA LTD BeiN G SHS H IWOCHET000025 512,000 000 3.8000 -1.950.614.21 HKO
3988:HK ALLOCATED ORDER YOUR BROKER ACTED AS AGENT AS OF -249,547.66 USD
12/04/2017
12106/17 12/04/17 PURCHASED CHINA COMM UNICATIONS CONSTRUCTION COMPANY LTD SHS 224.000 000 8.6774 .1.948,746 87 HKD
1300 HK H ISINt CNE t 00002FS ALLOCATED ORDER YOUR BROKER -249,308.76 USD
ACTED ASAGENT ASOF 2/04/204
12106/17 12104/17 PURCHASED DONGFANG ELECTRIC CORPORATION LTD SHSH 150.200 000 6.6112 -995.562.20 HKO
t72 HK ISINt CNEDO 000304 ALLOCATED ORDER YOUR BROKER .127.365.12 USD
ACTED AS AGENT AS OF 12/04/2917
12106/17 12104/17 PURCHASED W SCHAI POWER CO LTD SHS N ISM* CHEM 00004L9 228.000 000 8.4526 -1.932.159.91 HKO
2338:11K ALLOCATED ORDER YOUR BROKER ACTED AS AGENT AS OF -247.166.75 USD
/2/04/2017
Page 21 of 3'
F ID
4 Rated [smitten Clewing through Nimbi.; U.C. • Mai °mai
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OMAR PAITO COMMUNICATIONS CarporatIon (MY Melba)
EXCULINCI PerchnxlIC.rner-bn rtt..v.Rwha.wivi_Ow46c4c
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009073
EFTA_00 156855
EFTA01289221

Transactions by Type of Activity (continued)
Roans Trade;
Settlement Transaction
Date Date Activity Type Description Quantity Price Acaued linnet Amount Cerrency
Securities Bought and Sold (continued)
12/06117 12104/17 PURCHASED ZNUZHOU CRRC TIM ES ELECTRIC CO LTD SKS 41- 43,400 000 45.7315 -1.969.852.05 H KO
3898 HK ISINICNED00004X4 ALLOCATED ORDER YOUR BROKER -254.568.74 USD
ACTED AS AGENT AS OF12104120 V
12/06/17 12105/17 SOLD SHORT PUT DO GENERAL ELECTRIC CO COM EXP 0 I- 9-1010 00 -250 000 01700 21,493.49 USD
990AHUOJU OPTION ROOT: GE OPENING TRANSACTION UNSOL EXCHANGE
LISTED OPTION
12/07/17 12104/17 PURCHASED NABTESCO CORP TOKYO SHS LTD ISINS R365210001 6,300 000 4.419.1270 -27.882.26100 JPY
6268:.P ALLOCATED ORD ER YOUR BROKER ACTED AS AGENT AS OF -247,402.49 USD
2/04/2017
12/08/17 12106/17 SOLO SMART GLOBAL HIGGS INC BIS UNSOLIOTED ORDER -1,800.000 27.8038 49,889.68 USD
SGH
12108/17 12106/17 PURCHASED BARRETT BILL CORP COM PROSPECTUS UND ER PARATE 3.400.000 5.0000 -17,000.00 USD
BBG COVER
12/11117 12107/17 SOLD APPLE INC COM UNSOLICITED ORDER AVERAGE UNIT PRICE •214.000.000 169.5469 36,277,912.46 USD
AAPL TRANSACTION YOUR BROKER ACTED AS AGENT
12/11/17 12107/17 PURCHASED APPLE INC COM UNSOL AVERAGE UNIT PRICE TRANSACTION 214.000.000 169.7941 -36.340.223.40 USD
AAPL YOUR BROKER ACTED AS AGENT
12112/17 12111/17 PURCHASED CALL DO SPDR SIP 500 ETF TR TR UNIT EXP 900.000 2.8900 -262,806.00 USD
990AILYLG 03.1.10270 000 OPTION ROOT: SPY OPENING
TRANSACTION UNSOL EXCHANGE LISTED OPTION
12/13/17 12112/17 PURCHASED RANO 7,074,755 980 13.6879 -516.860.04 USO
12115/17 12112/17 PURCHASED NASPERSUM ITED LTD INNS ZAE0000 S889 ALLOCATED 2.000.000 3.527.8399 .7,074,755.98 ZAR
NAPRF ORDER YOUR BROKER ACTED AS AGENT AS OF 12/ t2/20 4 -516,820.51 USD
12/15/17 12112117 PURCHASED AMERICAN AXLE & M FGHLDGS INC COM PROSPECTUS UNDER 1300.000 17.0000 -28.900.00 USD
AXI. SEPARATE COVER
12/15/17 12113/17 SOLD AMERICAN AXLE 8 M FGHLDGS INC COM BKOA A PERSHING -1700.000 17.2500 29,218.32 USO
AXL AFFILIATE M AKES A IA KT IN THIS SECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER ALLOCATED ORDER YOUR
BROKER ACTED ASAGENT
12118/17 09114/17 CANCELLED PURCHASE OUALCOM M INC AVERAGE UNIT PRICE TRANSACTION YOUR -5.000.000 51.0759 255.685.97 USD
OCOM BROKER ACTED AS AGENT CANCELLED TRADE
12/18/17 09114/17 PURCHASED OUALCOM M INC AVERAGE UNIT PRICE TRANSACTION YOUR 5.000.000 51.0759 -255,585.97 USD
OCOM BROKER ACTED ASAGENT
12/18/17 09/29117 CANCELLED sal. CALL DO BROADCOM LTD SHS IONA 9399990%823 EXP 20.000 10.3825 -20,608.52 USD
990A109FM 24-170250000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12118/17 09129117 CORRECTED SELL CALL DO BROADCOM LTD SHS IONA SG9999014823EXP -20.000 10.3825 20.698.52 USD
990AL09FM 24470250 000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
Page 22 of 3'
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" e2 617FI D L4 DALIARIATEDCOMMUNICA11016 COSCCONONI OM Melba) na
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009074
EFTA_00 156859
EFTA01289222

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Proms; Trade
Darlene! TrainedIon
Date Dale Adivily Type Description Cltantdy Price Acaued Interest Amount Currency
Securities Bought and Sold (continued)
12118117 09/29/17 CANCELLEDSELL PUT AO BROADCOM LTD SHSISNI S03999014823 DP 20.000 11.9210 -23.685.44 USD
990A109FW 44-170240 000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12118117 09129117 CORRECTED SELL PUT 100 BROADCOM LTD %MIMI* SG99990%823 OLP -20.000 11.9210 23,775 44 USD
990A109F14 12.15.17U240 000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12118/17 10113/17 CORRECTED PURCHASE BROADCOM LTD MIS 'SNP 569999014823 BKCM A PERSHING 2.000.000 249.9453 -499.976.68 USD
AVGO AFFILIATE LI AKES A M KT IN THIS SECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION YOUR BROKER CORRECTED CONFIRM
12118/17 10113/17 CANCELLED PURCHASE BROADCOM LTD SHSISINSSG99990 823 BKCM A PERSHING -2000.000 249.9453 500,046.68 USD
AVGO AFFILIATE M AKES A IA KT IN THIS SECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION YOUR BROKER CANCELLED TRADE
12118/17 10113/17 CANCELLED SELL REV GROUP INC COM UNSOLICITED ORDER AVERAGE UNIT 2300.000 27.2500 -73.417.30 USD
REVG PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
CANCELLED TRADE
12118/17 10113/17 CORRECTED SELL REV GROUP INC COM UNSOLICITED ORDER AVERAGE UNIT -VOODOO 27.2500 73,459.30 USD
REVG PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
CORRECTED CONFIRM
12118/17 10113/17 CANCELLED SELL CALL DO BROADCOM LTD SHS ISMS 9G99990 11823 EXP 20.000 7.9475 -15,73863 USD
990A109EN 12-15-17(00 .000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12/18/17 10113/17 CORRECTED SELL CALL DO BROADCOM LTD SHS ISIN8 9399990 11823 EXP -20.000 7.9475 15,828 63 USD
990ALO9FN 2.15.17®260.000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12/18/17 10113117 CANCELLED SELL PUT 100 BROADCOM LTD SHSISINB 509999014823 IAP 20.000 7.8575 -15,55863 USD
990/11.09F1N 12.15-11®240 000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12/18/17 10113/17 CORRECTED SELL PUT DO BROADCOM LTD SHSISNO S69999014823 EXP •20.000 7.8575 15.648.63 USD
990ALCI9F1V 21-11240 000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12/18/17 12106/17 CANCELLED SELL SMART GLOBAL HIGGS INC SHS UNSOLICITED ORDER 1.800.000 27.8038 -49,889.68 USD
SGH CANCELLED TRADE
Page 23 of 3'
N40-023804 ID
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CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009075
EFTA_00 156860
EFTA01289223

Transactions by Type of Activity (continued)
Procne Trade;
Settlement Transaction
Date Date Activity Type Desctiption Quentiy Price Acaued Meat Amount Currency
Securities Bought and Sold (continued)
12/18117 12106/17 CORRECTED SELL SMART GLOBAL HLOGS INC SHS UNSOLICITED ORDER -1.800.000 27.8038 49.96768 USD
SGH CORRECTED CONFIRM
12/18/17 12113/17 CANCELLED SELL AMERICAN AXLE 8 M FG HLDGS INC COM BKCM A PERSHING 1300.000 17.2500 -29.218.32 USD
AXL AFFILIATE M AKE& A M KT IN THIS SECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER ALLOCATED ORDER YOUR
BROKER CANCELLED TRADE
12/18/17 12113/17 CORRECTED SELL AMERICAN AXLE a M Fe HLDGS INC COM BKCM A PERSHING -1.700 000 17.2500 29.25012 USD
AXL AFFILIATE M AXES A M KT IN THIS SECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION CORRECTED CONFIRM
12118/17 12115/17 SOLD SHORT PUT DO GLEAD SCIENCES INC EXP 01411075.000 OPTION .125.000 1.7100 20,993.50 USD
990411.6MK ROOT= GILD OPENING TRANSACTION UNSOL EXCHANGE
LISTED OPTION
12118/17 12115/17 SOLD SHORT CALL DO BROADCOM LTD SHSISNa 939999014823 EXP •20.000 10.5965 21.12631 USD
990AIEK1 t staeoloo OPTION ROOT= AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12/18/17 12115/17 PURCHASED CALL DO BROADCOM LTD SHS ISNS 969999051823 EXP 20.000 12.1100 -24,286.00 USD
990ALO9FM 2.6.170250.000 OPTION ROOT: AVGO CLOSING
TRANSACTION UNSOL EXCHANGE LISTED
12118/17 12115/17 PURCHASED CALL 130 BROADCOM LTD SHS ISMS 939999014823 EXP 20.000 5.3650 -10196.00 USD
990ALO9FN 243170260.000 OPTION ROOT= AVGO CLOSING
TRANSACTION UNSOL EXCHANGE LISTED
12118/17 12115/17 SOLD SHORT CALL DO BROADCOM LTD SHSISNI S69999031823 EXP •20.000 18.4350 36.803.14 USD
990AM C207 02-540250.000 OPTION ROOT= AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
12118/17 YOUR OPTION EXPIRED CALL 100 GLEAD SCIENCES INC EXP 45.17085.000 OPTION 60.000 0.00 USD
990AKP6Jf ROOT= GILD GILD CLOSING TRANSACTION
12118/17 YOUR OPTION EXPIRED PUT DO GILEAD SCIENCES INC EXP 2-6-17075.000 OPDON 125 000 0.00 USD
9904KP6K11 ROOT: GILD GILD CLOSING TRANSACTION
12118/17 YOUR OPTION EXPIRED CALL DO GILEAD SCIENCES INC EXP 2447082.500 OPTION 65.000 0.00 USD
990ALHGAB ROOT= GILD GILD CLOSING TRANSACTION
12118/17 YOUR OPTION EXPIRED PUT DO BROADCOM LTD SHS ISM/ SC999901823 EXP 40.000 0.00 USD
9904109FIV 12.5-90240 000 OPTION ROOT= AVGO AVGO CLOSNG
TRANSACTION
12/18/17 YOUR OPTION ASSIGNED PUT 100 ADVANCED MICRO DEVICES INC COM EXP 300 000 0.00 USD
990ALWIL 1245-1704.000 OPTION ROOT= AM DAM D CLOSING
TRANSACTION
12/19/17 09115/17 CANCELLED PURCHASE ADVANCED MICRO DEVICES INC COM ACCT OPT ASSIGNED •20.000.000 13.0000 261.206.00 USD
AM D CANCELLED TRADE
Page 24 of 3'
Rated EatWlem Clewing %MVO PtOTISC LC • Say anal
DO 10 0246C630_0 Z5 (my Year Sint< 2007 stidiary at The Balk a Mew Yak Maori
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EFTA_00 I 5686 I
EFTA01289224

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FlNA NCIAL LLC
Transactions by Type of Activity (continued)
ROGOW Trade,
Settlemen1 Transaction
Date Dale Activity Type Description Quantity Price Acauee Interest Amount Currency
Securities Bought and Sold (continued)
12/19/17 09115/17 PURCHASED ADVANCED MICRO DEVICES INC COM ACCT OPT ASSIGNED 20.000.000 13.0000 -260.806.00 USD
AM
12/19/17 09129/17 CANCELLED PURCHASE BROADCOM LTD N115 509999014823 UNSOUCITED -2,000.000 242.8643 485.884.78 USD
AVG° ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED AS AGENT CANCELLED TRADE
12119/17 09129/17 PURCHASE) BROADCOM LTD SFIS 'SIN. SG19990 St 823 UNSOLICI TED 2100000 2421643 X85,814.78 USD
AVGO ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED ASAGENT
12119/17 12115/17 PURCHASED ADVANCED MICRO DEVICESINCCOM ACCT OPT ASSIGNED 30,000100 13.0000 391,206.00 USD
AM D OPTCUSIP 99QALANL
12/26/17 12121/17 SOLD LEXINFINTECH HLDGSLTD ADR ISINI US528817234 -1.200100 11.9483 14,281.66 USD
LX UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION
YOUR BROKER ACTED AS AGENT
12/26/17 12121/17 PURCHASED LEXINFINTECH HLCGS LTD ADR ISM/ US5281377934 1200100 9.0000 -10.800.00 USD
LX PROSPECTUS UNDER SEPARATE COVER
12/28/17 REINVEST CASH INCOME PM ORGAN FLOATING RATE INCOM E FUND CLASS I 1129.762 -10,597.17 USD
PHSX 3209318820 SHRS SHRSPURCH. AT $9.38000 RD 2(26 PD
2/28117
Total Securities Bought and Sold
HONG KONG DOLLAR 0.00 -18,584,882.23 HKD
TOTAL USD EQUIVALENT 0.00 -2377117.14 USD
APANESE YEN 0.00 -27182.26110 WY
TOTAL USD EQUIVALENT 0.00 -247,402.49 USD
U S. DOLLARS 0.00 3.828.279.12 USD
RAND 0.00 -7,074,755.98 DR
TOTAL USC EQUIVALENT 0.00 -516,820.51 USD
Dividends and Interest
12/11/17 MONEY MARKET FUND DEUTSCHEGOVT CASH INSTL INCOME REDEEMED 866.04 USD
INCOME RECEIVED
PER232045
12/15117 CASH DIVIDEND RECEIVED 2469000 GENERAL ELEC CO GTD FXD-TO-FITG RT 49.38040 USD
369604404 NON-CUM ULATIVE PERPETUAL PREFERRED 4.000% 2/03165
REG DTD 2103/5 CIS RD 1730 PC 12/6/17
Page 25 of 3'
Rated ticellent Clewing through PealinlIC • Say °mai
beer Year Since 2007 sobsidiary of TM Bonk el New Yalc Mellon
" meanF I D L OMAR ItA TED COMMUNICATIONS CarporatIon (MY Melba)
EXCLUINCI Perihng 11.C.mer-tan IthitA.WRIY+219M-01-"4645a
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009077
EFTA_00 156862
EFTA01289225

Transactions by Type of Activity (continued)
Process; Trade;
Settlement Transaction
Date Date Activity Type Desaiption Quaintly Price Acaued mined Amount Currency
Dividends and Interest (continued)
12126/11 CASH DIVIDEND RECEIVED 13000 SHRS ISHARES INC M SO SOUTH KOREA ETF RD 4/20 PD 28.291.15 USD
EV/ Y 4/26/17
12126/17 CASH DIVIDEND RECEIVED 26000 SHRS ISHARES INC MSC! TAIWAN ETF RD 12120 PD 26.191.56 USD
EWT 4/26/17
12126/17 BOND INTEREST RECEIVED 490000 WASHINGTON I/ UT M TG SECS CORP 2004 -RA2 M TG 3009 33 USD
939336520 PASSTHRU CTF CL C-B-1VAR RATER 997% 07125/33 WEDTD
06/0104 RD 1230 PD 412514
12127/17 FOREIGN BOND INTEREST 103000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL 35181 25 USD
539439A64 TIER 1SECS 'SINS US539439AG42 7.500% 04127188 B/E DID
0007/1 CL8 RC 12/26 PD 412714
12128/17 CASH DIVIDEND RECEIVED 12500 SHRSGILEAD SCIENCES INC RD 1211PD 12/28/17 6.500.00 USD
GILD
12128117 CASH DIVIDEND RECEIVED 21300 SHRS ISHARES TR CHINA LARGE-CAP ETF RD 12/22 PD 18.728.03 USD
FXI 4/28/4
12128/17 CASH DIVIDEND RECEIVED ?MORGAN FLOATING RATE INCOM E FUND CLASS I 10.597.17 USD
.PHSX 3209318820 SHRS RD 12/26 PO 4/28/17
12129/17 MONEY MARKET FUND CEUTSCHEGOVT CASH 525.30 USD
INCOME RECEIVED
PER232045
12129117 FOREIGN SECURITY DIVIDEND 4000 SHRSBROADOOM LTD SHS ISMSSC/999901823RD WS 7,000.00 USD
RECEIVED PD 412914
AVG()
12/29/17 CASH DIVIDEND RECEIVED 60000 SH RS W ISOOM TREE TR APAR HEDGED EQUITY FO RD 29339 80 USD
DYJ 12/27 PD 12/29/17
Total Dividends and Interest - U.S. DOLLARS 0.00 216,609.63
Distributions
12126/17 RETURN OF PRINCIPAL 490000 WASHINGTON M UT M TGSECSCORP 2004-RA2 M TG 222.19 USD
RECEIVED PASSTHRU CTF CL C-B-WAR RATE 6.997% 07125/33 B1E DTD
939336320 08/0104 RD MO PD 2/25/17
Total Distributions - U.S DOLLARS 0.00 222.19
Other Transactions
12120/17 12119/17 FREE CREDIT BALANCE JAPANESE YEN CURRENCY FREE CREDIT BALANCE INTEREST -267.00 JPY
INTEREST CHARGE CHARGE FREE CREDIT INT CAIRG 120.4 TO 4.1.4 FOR -2.36 USD
PY999993 CUSTOM ER ACCOUNT
Total Other Transactions - JAPANESE YEN 0.00 -267.00
Total USD Equivalent 0.00 -2.36
Page 26 of 3'
ID0
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BO 10 06 2tC630(KrF L4 Every Yew Since 2007 sabsidiary of TM Usk a Mew York Mellon
DALBARMIT0 COMMUNICATIONS Ono-ream My Mellon)
LXMLINCI PerOing nen-6n HMV.. iWRIIIIIa9m-01-"46454
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009078
EFTA_00 156863
EFTA01289226

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Transact ions by Type of Activity (continued)
ROOS& Trade
Settlement Transktion
Date Dale Agit* Type Desaiption Camay Price Molted Invest Amount Cunene,
Cash Withdrawals and Deposits
12/04/17 FEDERAL RINDS RECBVED DEUTSCHE BANK TRUST 00 AO 61000 00 USD
USD999997
Total Cash Withdrawals and Deposits- U.S. DOLLARS 0.00 60,000.00
Total Mooed Inlets Total Amount
Tuvisedions9ammary Told Acased intend Total Amount airenry USD Equivaior4 USD6suivedent
HONG KONG DOLLAR 0.00 -18,584.882.23 HKD 0.00 -2,377417.14
JAPANESE YEN 0.00 -27,882,528.00 JPY 0.00 447,404.85
U.S.DOLLARS 0.00 4,551,447.30 USD 0.00 4,551,447.30
RAND 0.00 -7,074,755.98 ZAR 0.00 410,820.51
The price and quantity displayed may have been rounded.
Cash Not Yet Received
Security Ruud Date Arid* Date Ovally Field We Dividend Option Amount of Payment
-IInntteerreesstt
EXEIA INTER LLC/ EISA RN MGM 12129/17 01115118 2100.000 000 0.050833 Cash 101480.87
ARST PRIORITY SR
Total Cash Not Yet Received 3101,666.67
Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the
information.
Page 27 of 3'
Rated Excellent Claim through PealingI 1C nub* wend
100242C SF30 02 Every Year Since 2007 stealdiary a The lank a New Volt Mellen
CONFIDO' MBAR RATED COMMUNICATIONS Ceeporaban(IINY Mellon)
80 5 EXCELLENCE Per thee LLC.rnentet 00046255
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DE!-SDNY-0009079
EV1:4_00156864
EFTA01289227

Fixed Income Analysis
Bond Quality Bond Maturity Schedule
%ol Bone
%of &Ind
Bond Quality Medal Value Matet Value Percent of axed Income Bond Maturity Market VS. Market Value
A 2,400,114.90 9% Milo 5 years 1,790,000.00 7%
BAA 8,340,300.00 32% 56 to 10 years 4214,500.00 16%
Over 10 years 20,078,979 22 77%
BA/ Lower 14,870,776.25 57%
Not Rated 472,288.07 2% Total 26,083,479 22 100%
Total 26,083,479.22 100% 0 29 40 60 80 100
Percentages of bond market values are rounded tot e nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
C lent Service I nlo rmati on
Tow Investment Specialin. ENJ Coated Information
JOSHUA SHOSHA N Telephone Number:
280 PARK AvE- 3RD FL
NEW YORK NY 10017
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Flan First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Page 28 of 3'
Rated Excellent Clewing through kali% EEc nide evemd
100242CSF30025 L Extra Yew Since 2007 sobaldlary a Me Malt a Na. Yak Mellon
CONFIDO. DIOAR MRO COMMUNICATIONS CarpotatIon Sly Meta)
UMIAK E Per,I .i ng 11.C. 0NII/SIAVVELGM- 00046256
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009080
EFrA_00156865
EFTA01289228

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
December 1,2017 - December 31,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and ( ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives asthe result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws. regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents. the
acceptance and, in certain instances. execution of securities orders.the assessment of the suitability of those transactions. w here applicable; the rendering of investment advice.
if any. to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at .All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance. but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection. Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement. to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC. Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by Jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited
• The ability of the parties to obtain documents. witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award, unless. in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court
• The rules of the arbitration forum in which the claim is filed, and any am endm ents t hereto. shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LW shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied: (II) the class is decertified: or
Page 29 of 3'
Rated ticellent Clewing Heater hakes LLC. • ittlay owned
BO 0260630025 trey Year Since 2007 sobsidiary of The Bank el Mew Vat Mellon
NFIDO L OMAR MITO COMMUNICATIONS OnotatIon (MY Mao)
EXCLUINCI Perchnx 11.C.mer-bn HMV, fl4cillillt9m-0034 6257
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009081
EFTA_00 156866
EFTA01289229

Important Information and Disclosures (continued)
Important Arbitration Agreement (continued)
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399:
Page 30 of 3'
ID
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DALBAR RATED COMMUNICATIONS Corporation0NY Melloa)
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CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) D Nym 08
EFTA_00 156867
EFTA01289230

TERMS AND CONDITIONS
TRANSACTIONS • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET MAKER, SPECIALIST, ODD LOT DEALER.
• ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE BLOCK POSITIONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME Of ANY
SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH
INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED.
THE TRANSACTIONS ARE EXECUTED ANCWOR SETTLED. OR IF APPLICABLE. OF THE FINANCIAL • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR
INDUSTRY REGULATORY AUTHORITY ANO TO ALL APPLICABLE LAWS AND REGULATIONS. FFLANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS
• TITLE TO SECURITIES SOLO TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL, SHALL REMAIN AVAILABLE UPON REQUEST
WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT • A FINANCIAL STATEMENT OF PERSHING IS AVAILABLE FOR YOUR PERSONAL NSPECTION AT
DATE. WHICHEVER IS LATER. PERSHING'S OFFICES. A COPY OF [TWILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN
• YOU MAY HAVE RECEIVED CONFIRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR VIEW IT ONLINE AT WWW,PERSHING COM,
STATEMENT. IF SO, DE TRANSACTIONS WILL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWVV.FERSHING.COINDISCLOSURES
TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. • THIS STATEMENT SHOULD BE RETAINED FOR YOUR RECORDS.
THIS IS ESPECIALLY TRUE IF YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED.
FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES [REGULATION NMS-
FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S RULE 807(AX1)-(2))
BOOKS OF RECORD. ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS.
PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION
DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES Pi YOUR ACCOUNT APPEARS ON THE NETWORKS. OR BROKER.DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED
STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE
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FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPES. WRITTEN REQUEST. PERSHING RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW
MARGIN INFORMATION: IF YOU MAINTAIN A MARGIN ACCOUNT. THIS IS A COM3NED STATEMENT OF TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY AND OPTION
YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MAINTAINED FOR YOU UNDER ORDERS TO ITS AFFILIATE. BNY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL
REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT COMPENSATION IS GENERALLY IN THE FORM OF A PER OPTION CONTRACT CASH PAYMENT.
RECORD OF THE SEPARATE ACCOUNT AS REQUIRED BY REGULATION T IS AVALABLE FOR YOUR BEST EXECUTION: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER
NSPECTION UPON REQUEST. FLOW, PERSHNG SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER-THE.
TAX INFORMATION COUNTER AND EXCHANGE-LISTED SECURITES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS.
TRANSMITTED ELECTRONICALLY UP TO A SPECFIED SIZE. AND TO EXECUTE THEM AT OR BETTER THAN
• AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATION TO THE INTERNAL THE NATIONAL BEST BID OR OFFER (NERO). ON CERTAIN LARGER ORDERS, OR F THE DESIGNATED
REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITIES, AT THAT TIME PERSHING WILL MARKET CENTERS DO NOT MAKE A MARKET E4 THE SUBJECT SECURITY. PERSHING DIRECTLY
PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU; USE THAT CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO
STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH
INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. QUALITY OF THEIR EXECUTIONS IN ONE OR MORE MARKET SEGMENTS AND THEIR ABILITY TO PROVIDE
• DIVIDENDS. MEREST NC OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPEROR TO THE N880. PERSHNG ALSO REGULARLY
AS TAXABLE OR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION REVIEWS REPORTS FOR QUAUTY OF EXECUTION PURPOSES.
DATE. THIS Cl ASSFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS
GENERAL INFORMATION.
• PERSHING DOES NOT PROVIDE TAX, INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE
ASSOCIATED WITH PERSHING IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY
SUCH ADVICE. IF GIVEN. INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO
DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS.
GENERAL INFORMATION
• WHENEVER YOU ARE INDEBTED TO PERSHING LLC (*PERSHING, FOR ANY AMOUNT, ALL SECURITES
HELD BY IT FOR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR
LIABILITIES TO PERSHING. AND PERSHNG MAY IN ITS DISCRETION AT ANY TIME. WITHOUT TENDER.
DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR
PRA/ATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS;
ANY BALANCE REMAINING DUE PERSHNG TO BE PROMPTLY PAID BY YOU.
• WHENEVER YOU ARE NDEBTW TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR
YOUR ACCOUNT ARE OR MAY 8E. WITHOUT FURTHER NOTICE TO YOU. LOANED OR PLEDGED BY
PERSHING. EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WILL PERMIT THE
COMMINGLING THEREOF, WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN EQUAL TO OR
GREATER THAN YOUR LIABLMES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT
PROHIBITED BY LAW.
F ANY OF THE ABOVE TERMS ANO COEDITORS ARE UNACCEPTABLE TO YOU. PLEASE NOTEYPERS-ING IMMEDIATELY IN WRITINGEW CERTIFIED MAIL TOONE PERSHING PLAZA JERSEYCITY, Ni 07399, AITN• LEGAL DEPT
Page 31 o131
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0025
CONFIDENTIAL - PURSUANT TO FED. R CRAM. P. 6(e) DB-SDNY-0009083
EFrA_00156868
EFTA01289231

a
Deutsche Bank 0.0t5th• Lint Prise. &rant. 5745.2tm.st
Minns Cootragt 15,04
0..40hr 5.,* SP:10.1109
P.O Box 1776, Baltimore, MD 21203 POW Ycet Caate
345 Put flews. 2611. Flow
Me. 'V, PO
Tonto.
Evert
November 1.2017 - November 30.2 0 17
Account Number:
SOUTHERN FINANCIAL LLD
6 130 RED HOOK QUARTER B3
ST THOM AS VI 00802
Portfolio at a Glance
This Period Yew4wDalt
Your Investment Specialist: BEGINNINGACCOUNT VALUE $113,410,017.38 $117,089,958.26
JOSHUA SHOSHAN Net Cash Deposits aid Withdrawals ,141,000.00 .1,273.731.96
Net Securities In/Out of Account •17,588,000.00 42,061215.50
Adjusted Previous Account Value 95,881,017.38 63,735,008.80
Dividends, Interest and (Mho Income 371,587.71 3,023,801.96
Total Taxes Withheld 0.00 4.076.09
Other Transactions 0.00 400.00
Net Change in Portfolio' 1,236,545.62 30,536,816.04
END INGACCOUNT VALUE SESII
Accrued Interest $382,086.18
Estimated Annual Income $3.383,921.72
'Net Change in Portfolio is the difference between the ending account value and
beginning account value after activity.
Asset Summary
-rte • P4e:enl Asset Type PI/01 Year-End led Pedod Needed
Cash, Money Funds, end Bank Deposits 15,864,445.94 7,759,402.53 4,37527043
IMI 27% Fixed Income 19.233.099.80 24,497,834.38 28,288,422.71
HHN\H411‘ m 59% Equities 79,000,010.52 74,652,509.28 57,189,398.32
0 3% Mutual Funds 0.00 3,018,071.21 3,010,341.05
• 7% Exchange-Traded Products 2,972,400.00 3,484,200.00 8,427,720.00
100% Account Total (Pie Chart) $117,089,956.28 $113,410.017.38 $97,289,150.71
Please review your allocation periodically with your Investment Specialist.
Page "i of 22
4 Rated (040ent CI. M g through PenblinI IC sub* evened
8009969C6FM 18 ('cry That 5Inte 2007 SASS." of The kelt el Maw Yak Mellon
NFIDOP ( D X AL C BA Il R lt R ri A a T ED COMMUNICATIONS C Pt a e n lP ce ir a a t f L o I n .C (O .rn N e Y m M be e r l r o im n) e.g444YeteM_0 0046260
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009084
EFTA_00156869
EFTA01289232

Summary of Gains and Losses
Realized
This Petiod Yeat4o-Dole Unrealized
Short-Term Gain! Loss 411,890 41 566,693.81 .40,996 13
Long-Term Gain! Loss 483.73 219.686.42 24.034.390.49
Net Gain! Loss 412.374 14 °152.992.61 23,993,393.76
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB° ) and other credit institutions introduced ' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 10 99 and/ or 104 2 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements. begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Dale Adivity Type Desakilkiri Amount Palma
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 0 99% Activity Ending: 1V 30( 17
11/01/17 Opening Balance 7,759,402 53 7,759,402.53
11/02/17 Withdrawal MONEY FUND REDEM PTION .2,066,646.49 5,692,756.04
11/03/17 Withdrawal MONEY FUND REDEMPTION ,135,100.00 5.557.656.04
11/06/17 Deposit MONEY FUND PURCHASE 438.497.50 5.996.153.54
11107/17 Withdrawal M ON EY FUND REDEMPTION -2.968.549.88 3.027.603.86
11/08117 Deposit MONEY FUND PURCHASE 21,701.01 3,049,304 67
11/10/17 Withdrawal MONEY FUND REDEM PTION -143,910.00 2,905,394.67
11/13/17 Deposit MONEY FUND PURCHASE 138.600.12 3,043,994.19
11/14/17 Deposit MONEY FUND PURCHASE 5,886.93 3.049.881.72
11/15/17 Deposit MONEY FUND PURCHASE 287.667.31 3.337.549.03
11/16/17 Deposit MONEY FUND PURCHASE 36,288.88 3.373.837.91
11/17/17 Deposit MONEY FUND PURCHASE 216.010 00 3,589.907 91
11/20/17 Deposit MONEY FUND PURCHASE 231,562.56 3.821.470.47
11/21/17 Deposit MONEY FUND PURCHASE 572.099.02 4,393,569.49
11/22/17 Withdrawal MONEY FUND REDEM PTION 46,056.20 4.321.513.29
11/24/17 Withdrawal M ON EY FUND REDEMPTION 44.500.00 4.233.013 29
11/27/17 Deposit MONEY FUND PURCHASE 95,940.98 4.328.954 27
11/28/17 Deposit MONEY FUND PURCHASE 3,359.43 4,332.313 70
11/29117 Withdrawal MONEY FUND REDEM PTION 43,000.00 4269.313.70
11/30/17 Deposit INCOM E REIN V EST 3,325.70 4.272.639.40
11/30/17 Closing Balance $4,272,639.40
Total All Money Market Funds $4,272,639.40
Page 2 of 22
Rated Ein4lent Clown. thtough Periling (IC, • Say owned
BO 0 99639C6_F3001 Every Year Sine 2007 subudiary of The Bank col Mew Yet* Mellon
0N tFI D P ick L DALBAR RATED COMMUNICATIONS Corporation (MY Mellon)
IXCIU.I NCI P!,P4n4 tic. nwl-t-Jer 111•RA.Tsyt, Nem y:00o0o04962615
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) D 08
EFTA_00156870
EFTA01289233

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
November 1, 2017 - November 30, 2017
SOUTHERN FINANCIAL LLC
eae
Income and Expense Summary
CurreM Period Yea4o-Dale
Tuttle Non Turtle Taxable Noe Taxable
Dividend Income
Equities 134,820.00 0.00 1,004,515.34 0.00
Money Market 3,325.70 0.00 102550.49 0.00
Other Dividends 91,500.80 0.00 902,195.81 0.00
Interest Income
Bond Interest 3,021.10 0.00 387,870.02 0.00
Other Interest 36,288.88 0.00 139,834.48 0.00
Expenses
Margin Interest 0.00 0.00 0.00 4.63
Withholding Taxes 0.00 0.00 4,078.09 0.00
Fees(Foreign Securities) 0.00 0.00 -300.00 0.00
Total Dividends, Interest, Income and Expenses 9268,956.48 90.00 92,530,590.05 44.63
Distributions
Alternative Investments 0.00 102,631.23 0.00 488,840.45
Other Distributions 0.00 338.33 0.00 23.398.11
Total Distributions $0.00 3102.969.56 30.00 $510,236.56
Portfolio Holdings
Account Activity Opening Outing Accrued Income 304:ey Parcel
Opening Dale Quantity Number Ending Balance Belem Income 11*Year Yield Yield
CASH, MONEY FUNDS. AND BANK DEPOSITS 4 00 of Portfolio
Cash Balance 0.00 102,631.23
Money Market
DEUTSCNEGOVICASH INSTL
11101117 4,272,639.400 NIA 11130117 7359.402.53 4272,639.40 0.00 102,550.49 0.97% 099%
Total Money Market 37,759,402.53 34,272,639.40 $0.00 3102.550 49
TOTALCASH, MONEY FUNDS. AND BANK DEPOSITS 37,159,402.53 $4,375,270.63 $0.00 9102,550.49
Page 3 of 22
Rated [smitten Clare...through hobosI IC nakoly evened
099389CSF30018 L bey Year Since 2007 istaldiary of The Bask el New Yak Meta
CONFIDO. OMAR RATIO COMMUNICATIONS Carponelan (1111Y maw
invoice 00046262
BO Periling LI.C.nwreer FINRA.VVizeteM_
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009086
EFTA_00156871
EFTA01289234

Portfolio Holdings (continued)
Adjusted Unrealized Acaued Esliraled Eslirraled
Date Aciotind Cuantity Unk Cod Cod Bads Martel Rix Market Value GainItos6 Interest Anrtal frame )(tell
FIXED INCOME 27.00% of Port folio (In Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON M UT 2T0SECSCORP 20044(42 Sincerity 'dashiki939336320
TG PASSTHRU CIF CL C4ViARRATE
6.996% 07125/33 WE DTD 0610 704
Factor: 0.40005360 Effective Date:1/0117
Current Face Value: 55.069.114
12/13113'-' Q 1,200,000.000 76.5190 394,888.92 91.8310 473,911.46 79,022.54 2,908.79
Original Cost Oasis: $638,908.71
Total Asset Backed Securities $394,888.92 $473,911.46 $79,022.54 $2,906.79 $0.00
1,290,000.000
Total Current Face Value: 518,069.144
Corporate Bonds
CITIZENSCOM MUNICATIONSCO SR Security Identifier 446384W1
NT FULLY EXCHANGE FROM 14538AX9
7.25% ON V WE DTD 03/23/07M cod y Rating 8336 P Rating
8
10/03/17 1,000,000.000 100.0900 1,000,904.73 96.6250 966 250 00 -34.654.73 14,843.75 71,250.00 7.37%
Original Cost Basis: 6100100890
FRONTIER COMM UNICATIONS CORP Security Identifier: 35908AAH1
SR NT FULLY EXCHANGED FROM CUSP
8.500%04/15720 WE DTD 04/2/13Moody Rating 83 $ 6 P
Rating B
10/11/17 1,000,000.000 98.7510 987,506.00 91.4380 914.38010 -73.126.00 10.625 00 85.000 00 929%
Original Cost Basis: $987,506.00
BARCLAYS BK PLCCONTINGENT CAP NT Security Identifier: 06739FHK0
ISM USO 6739FHK03 7.750% 04/2123 WE
OTD 0412/13 CALLABLE 0412/1%.1 P Rating 884
04/03/13 ..12in 300,000.000 100.0000 300.000.00 101.9000 305.700.00 5.700 00 3.229 17 23.250.00 760%
Original Cost Basis: $300,000.00
EXELA INTER LLC f EXELA RN DICED Security Identifier: 30 I82RAA9
FIRST PRIORITY SR SECD NT %4A
5.000% 07/15/23 NE DM 07/12/17 CLBMoody Rating 83 S 8 P
Rating
10/24117 2,000,000.000 97.0250 1,940,506.00 93.8750 1,877,500.00 43,006.00 76,666.67 200,000.00 10.85%
Original Cost Basis: 51940.506.00
Page 4 of 22
Rated Excellent C leen% Winer Roden tic nub./ evened
9389 C Sc300 18 Every Yet Sect 2007 sotaldlearg et The lank el New Y.t Mellen
CONFIDOP DALIAR RATED COMMUNICATIONS Ceneratten (My Mellon)
BO 09
EXCELLENCE PenP ea 11C...twee. F iliting4E4V136M-00046263
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009087
EFrA_00 156872
EFTA01289235

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
November 1.2017 - November 30,2017
SOUTHERN RNA NCIAL LLC
Portfolio Holdings (continued)
Adjusted Unit aliZed Acteued Estimated Eslimated
DateAcquired Quantity Unit Cod Cost Bees Market Price M arket Valte Gain Lon lidded Annual Income YM4d
FIXED INCOM E (continued)
Corporate Bonds (continued)
INVTS GM BH GTD SR NT Security Identifier: A29866AB5
REG S ISINB USA29866453
7250%04/03/24 WE DID 04/031MS 8 P Baling B
10/31/I7 2.000.000.000 99.0650 1.981.300.00 99.5000 1.990 000 00 8.700.00 22.958.33 145,000.00 728%
Original Cost Basis: 51981300.00
SERVICEMASTER CO NT 7250%03/0138 B/E Security Identifier: 81760NAB5
DTD 03/02/98 ST CPR DTE 09/0198
CPN PM T SEMI ANNUAL ON MAR 01AND SEP011oc4y Rating
62 58 P Rating B
10/18/17 1,000,000.000 103.9910 1,039,905.42 102.5000 1.025.000 01 -14,905.41 17,923.61 72.500.00 7.07%
Original Cost Basis: 51040.006.00
10/19/17 350,000.000 103.9920 363,973.41 102.5000 358.749 99 5,223.42 6,273.26 25,375.00 7.07%
Original Cost Basis:5384,00600
10/20/17 80,000.000 103.9980 83,198.74 102.5000 81.999 99 -1,198.75 1,433.89 5,800.00 7.07%
Original Cost Basis: 583206.00
10/31/17 70,000.000 104.0020 72,801.05 102.5000 71,750.01 -1,051.04 1,254.66 5,075.00 7.07%
Original Cost Basis: 57280600
Total Covered 1,500,000 000 1.559.878.62 1,537,500 00 -22,378.62 26,885 42 108,750.00
Total 1,500,000.000 $1,559,878.62 51,537.500 00 422,378.62 $26,885.42 3108,750.00
PM ORGAN CHASE 8 CO DEP SIISRSPSTG Security Identifier 4662510411
YDTH PFD SER 'FIXED TO FLTG FIT BD
7.900%04/29/49 B/E DTD 04/23/08M oody Wling BAA3 SS P
Rating 13611.
06/15/11 1.3 12 2,500,000.000 107.5000 2,687,500.00 101.2420 2.531,050 00 -156,450.00 16,458.34 197,500.00 7.80%
Original Cost Basis: $2.687.500.00
06/15/11 .•3t2 2.500.000.000 107.0000 2,675,000.00 101.2420 2.531.050 00 -143,950.00 16,458.33 197,500.00 7.80%
Original Cost Basis:52,675,000.00
Total Noncovered 5,000,000 000 5,362,500.00 5,062,100.00 -300,400.00 32,916.67 395,000.00
Total 5,000,000.000 55,362,500.00 55,062,100.00 4300.400.00 $32,916.67 3395.000.00
Page 5 of 22
Rated beetient Clerg tirough esWquC.arbyewNd
BOO 99389 CSF30 0 18 L- brew Yet Sm« 2007 subsidiary of Ne Bank a New WA Mello«
CONFIDg DALBAR RATED COMMutoCATiONS CorpontionfilNY ~Doll)
("Mane( pc,h, iie,RA.g2Eay,aG. M_00346264
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009088
EFTA_00156873
EFTA01289236

Portfolio Holdings (continued)
Adjusted Umiak/id Accrued Estimated Edintaled
Date Acquired Quantity Unit Co! Cod Bads Market Pace Mallet Value Qinrlow lotus Annual Income Yield
FIXED INCOM E (continued)
Corporate Bonds (continued)
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Identifier: 060505078
SKS FIXED TO FLOAT 8.25% 04/30/58 BIE
DTD 04/30/08 CALLABLE 05/511M oody Rating BA2 SE P
Rating BBB-
01/10/11 *-357 2.000.000.000 102.7500 2,055,000.00 102.7570 2,055.140.00 140.00 6370.83 162,500.00 7 90%
Original Cost Basis: $2,055.00000
SOUTHERN CALIF EDISON CO PREF SER E Securly Identifier: 842400 FU2
6.250% 0117/62 INE DID 011714
CALLABLE 02101122 Q D0 000 M oody Rating BAA1S 8 P Rat iag
BBB-
01130112'•3° 3,000,000.000 99.8780 2,996,328.32 112.0310 3,360,930 00 364,601.68 61,979.17 187,500.00 5.57%
Original Cost Basis: $2092,564.97
GENERAL MC CO GTD FXD-TO-FITGRT Security Identifier: 3696048144
NON-CUMULATIVE PERPETUAL PREFERRED
4 000% 2103/65 REG DID 2/0 Vs6M oody Rating A3 58 P
Rating A
12/03115 • 2,469,000.000 88.0930 2,175,016.17 98.8750 2,441.223 75 266,207.58 45,265.00 98,760.00 4 04%
Original Cost Basis: $2.175.01.17
5LLOYDS8ANKING GROUP PLC FXD RATE RESET Security ldent they 539439AG4
ADM. TIER 1SECS 'SINS US539439AG42
7.500% 04/27/88 B/E DTD 04107/14S/1 P Rating BB-
Please Provide • 1.903.000.000 NIA Please Provide 113.2500 2.155.147.50 N/A 24,976.88 142.725.00 6.62%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security ldentdier: 17296725
5.950% 08/t/88 81E DTD 08112/4
CALLABLE0815120Q D0.00014 oody Ratiag Bik2 S8 P Rating
BB*
08/06/15 3.000.000.000 3.000.005.99 104 8880 3.146.640.00 146.634.01 52.062.50 178.500.00 5.67%
Original Cost Basis: $3,000,006.00
Total Corporate Bonds $23,358,945.83 $25,812,511.25 $298,417.92 $379,179.39 $1,798,235.00
25,172,000..
TOTAL FIXED INCOME $23,753,834.75 $26.286,422.71 $377,440.46 $382,088.18 $1,798,235.00
26,462,000.000
Page 6 of 22
Rated Ene4lerd Glenn& tIvough Penbmg U.C. a %lay owned
(my Year Since 2007 subudiary of The lank a New York Mellon
8° "69 ca ql FI D gitefFAL DALIAR RATED COMMutoCATIONS Corporation (MY Mellon)
rxCEtLLHCE P.,,P1n4 tic. Mnn'ti. liber suLDeNm_000004962659
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB- ym 08
EFTA_00156874
EFTA01289237

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
November 1,2017 - November 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Unrealized Estimated Estrin' ed
Date Acquied Quantity Unit Caul Cast Basis Market Pike Mafter ValLe Pintos Annual Income Yield
EQUITIES 59.00% of Portfolio
Common Stocks
BROADCOM LTD SiSISINS SC999909823 Security Identifier: AVGO
Dividend Oplion: Cash CUSP. Y09827139
09/29/17 2,000.000 485,884.78 277.9400 555,880.00 69,995 22 8,160.00 1.46%
10113117 2.000.000 250.0230 500146.68 277.9400 555.880.00 55.833 32 8.160.00 1.46%
Total Covered 4,000 • 985,931.46 1,111,760.00 125.828.54 16,320.00
Total 4,000 000 5985.931.46 81,111.760 00 5125.828 54 $16,320 00
ADVANCED MICRO DEVICES INC COM Seaway Identifier MID
Dividend Option: Cash CUSP. 007903W
20.00000 of these shales are in your margin account
09/15/17 20,000.000 12.3010 246.012.36 10.8900 217.800.00 48,212.36
ALIBABA GROUP HLOG LTD SPONSORED ADS Searily Identifier. BABA
ISNIUSOW9W1)27 CUSP: 0 $091V 1)2
Dividend Option: Cash
06/10/15 5.000.000 88.9500 444,749.00 177.0800 885 400 00 440.651 00
APOLLO GLOBAL MUT LLCCL A %IS Security Identifier: APO
Dividend Option: Cash CUSP. 03762306
03/29/11 " 3 263.157.000 19.0000 4.991983.00 31.3100 8 239 445 67 3,239.462 67 486,840.45 590%
APPLE INC OW Security Identifier. AAPL
Dividend Oplion: Cash CUSP:0378331)0
01/11/16 214,000.000 99.0000 21,186.005 14 171.8500 36.775 900.00 15,589,894.86 539,280.00 1.46%
BASF SE SPONSADR Securely Identifier: 8ASFY
IS1NO U90552625057 CLISIR 055262505
Dividend Option: Cash
04/13/15 20,000.000 25.4030 508.056 00 28.0000 561000.00 51,944 00 12,092.12 2.15%
BIOGEN 'DEC INC COM Security Identifier. BIIB
Dividend Oplion: Cash CUSP. 09062X133
02/14/12 2.095.000 110.2120 231.019 65 322.1700 674146.15 443.926 50
CENTENE CORP DB. COM &lardy Identifier. CNC
Dividend Option: Cash CUSP: 6135891
Page 7 of 2'2
bled Iscollent Clewing Heater Pecan1SC • +Atoll owned
900 99639 C9F30 0 1 Every Year Since 2007 totaling of The Bank el New Yorlg Mellon
0I4FIDO. DALBAR PAM COMMUNICATIONS OnotatIon (MY Mellon)
EXCULINCI Perihnx 11.C. ertet-bn OM A. ileatOluet9M—00346266
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009090
EFTA_00 156875
EFTA01289238

Portfolio Holdings (continued)
Unfilled Estimated Estimated
Date Acquired Quantity Unit Col Cost Basis Market Rice Market Value Gloriosa Annul Income Yield
EQU IT IE S {continued)
Common Stocks (continued)
CENTENE CORP DB. COM (continued)
09108114 15.550.000 63.6450 989.67935 102.0900 1.587.499.50 597.819.75
FACEBOOK INCCL A Security Idenlifier: FB
Dividend Oplion: Cash ClISP. 3030311132
05117112'3 17,500.000 38.0000 665000.00 177.1800 3.100.650.00 2.435.650.00
GLEAD SCIENCES INC &wily Identifies GILD
Dividend Oplion: Cash CUSP: 37555803
02105/14 5,000.000 79.2810 396.40700 74.7800 373.900.00 -22,507.00 10,400.00 2.78%
03107114 3.100.000 79.6120 246.797.00 74.7800 231.818.00 14.979.00 6448.00 2.78%
10/24/17 4.400.000 80.0900 352.395.71 74.7800 329.032 00 -23,363 71 9.152.00 278%
Total Covered 12,500 000 995299.71 934,750.00 -60,849.71 26,000.00
Total 12.500 000 $995,599.71 $934.750.00 -$60,849.71 $26.000.00
VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY
Dividend Oplion: Cash CUSP: 928662303
04/13/15 5,000.000 50.8610 254306.00 41.5200 207,600.00 -46,706.00 1,706.59 082%
09/21/17 24.000.000 34.1880 820.503.00 41.5200 996.480.00 175.977.00 8.191 66 082%
Total Covered 29.000 000 1.074.809.00 1,204,080.00 129,271.00 9,898 25
Total 29.000 000 $1,074.809.00 $1,204,080.00 $129.271.00 $9,898.25
Total Common Stocks $32,326,845.07 $55,292,231.32 $22,965,386.25 $1,090,430.82
Preferred Stocks (Listed by expiration date)
GM AC CAP TR I GTD TRPfD SECS SER 2 CM- Security Identifies:ALLY PRA
8.125% FREO ORTLY MATY42/5/2040 CALL CUSIP. 36160208
ANYTIll EQ250,130 DAYS BEGNS02/15/0
Dividend Oplion: Cash
02122112'3 80,000.000 23.5350 1,882.773.50 26.1200 2.089.600.00 206,826.40 147,216.00 704%
Total Preferred Stocks $1,882,773.60 $2,089.600.00 $206,826 40 $147,216.00
Options
CALL 1)0 GILEAD SCIENCES INC Option Idenlifies:990AKP6Jf
DR 2-5.17085000 OPTION ROOT: GILD Underlying Senility Idmtifier. GILD
40.00 of These contrails area shod position Underlying Security Price: $74.78
10/24/I7 40.000 1.3130 -7,880.81 0.0400 -240.00 7.64011
PUT 90 GILEAD SCIENCESINC Oplion Idealdiet 990A1036K}1
EXP 4.5.0075000 OPTION ROOT: GILD Underlying Security Identifier. GILD
-25.00 of these contrads area short position Underlying Security Price $74.78
10124117' 45.000 1.1500 4.476.82 1.7800 .11,570.00 4,093.18
Page 3 of 22
Rated Galls. Clewing through Penaing LC. a mite/ owned
bay Yea Since1007 stadia" of The Bank *IN ew Yea Mellon
8""ContqF D L DALIARIATEDCOMMUNICA11016 Corporation (IINY Melba) ,,,.. ,,..
LXCGAINCE fientirat ll.C. web, F itift n. tWilfuet!"- 00046267
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009091
EFTA_00 156876
EFTA01289239

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
November 1, 2017 - November 30,2017
SOUTHERN FlNANCIALLLC
Portfolio Holdings (continued)
Unrealized Estimated EdImaled
Date Acquired Quantity Unit co Cost Bees NNW Rice Market Value Gainlloss Annual Income Yidd
EQUITIES (continued)
Options (continued)
PUT VO GILEAD SCIENCESINC (continued)
10/24/17 40.000 1.1600 4.958.83 1.7800 -10.680.00 4.721.17
Total Noncovered •125.000 -14A35.65 42.250.00 -7,814.35
Total -125.000 414,435.65 -$22,250.00 47,814.35 $0.00
CALL DO GILEAD SCIENCES INC Option Identifier: 990ALHGAB
IXP 4-5.4082.500 OPTION ROOT= GILD Underlying Security Identifier. GILD
-6500 of these contracts area short posilion Underlying Security Price: $74.78
10/24117 45.000 2.0680 -13.443.68 0.0500 325.00 13.118 68
CALL 100 BROAKOM LTD %IS Option Identifier:9901109FM
ft© 250.000
ISINISG9999011823 DP 2-6- Underlying Security Identifier: AVGO
OPTION ROOT= AVGO Underlying Security Price: $277.94
-20.00 ot these contracts are a short position
09129/17 -20.000 10.3040 -20,608.52 29.5600 -59,120.00 48,511.48
CALL DO BROADC011 LTD DS Option Identifier: 99DALC19FN
ISMS 509999011823 DP 2-6-1 70260000 Underlying Security Identifier MOO
OPTION ROOT= AVGO Underlying Secerity Price: $277.94
-20.00 of these contracts are a short position
10/13/17 -20.000 7.8690 -15.738.63 21.3000 42.600.00 -26.861.37
PUT DO 8ROADCOLI LTD SliS Option Identifier:990/0.09AV
IMP 569999011823 IXP 12-6-4240.000 Underlying Security Identifier: MOO
OPTION ROOT= MOO Underlying Security Price: $277.94
-40.00 of theseCOMfacts are a short position
09/29/W 40.000 11.8430 -23.685.44 1.1000 -2.200.00 21.485.44
10/13/17 • -20.000 7.7790 -15.558.63 1.1000 -2.200.00 13.358 63
Total Noncovered -40.000 -39,244.07 -4,400.00 34 844 07
Total -40.000 -$39,244.07 44,400.00 $34,844.07 $0 00
Page 9 of 22
Rated Galls. Oaring Omagh PenblinI IC aut.^ owned
e""C6HFID L Eery Vex Since 2007 satosIdlary of The lank a New Vat Mellon
DAUM PATEDCOIAMMICAllONS Corporation OM Aldan) ,..... ,
EXCULOC PesHeatttC.reente F iNRA.IIW l‘i:t9M- 00046268
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009092
EFTA_00 156877
EFTA01289240

Portfolio Holdings (continued)
Unrested Esirrai et Esirraied
Dile Acquired Corday Unit Cost Cal Dais Markel Ftice Muhl Value Pintoes Annual frame )(tell
EQUITIES (continued)
Options {continued)
PUT 130 ADVANCED MICRO DEVICESINC Option Identifier: 990411Ni
COM DIP 24-17(10.000 Underlying &tangy identifier AND
OPSON ROOT: AV 0 Und 'dying Security Price:St 89
-300.00 of I hose contracts am a shod position
10/25117 400.000 0.8100 -24.293.43 2.1300 43,900.00 414608.57
CALL 130 nil EWARNER INC NEW COM NEW Option identifier: 9904HOGHJ
DIP 01040 t10.000 OPTION ROOT: TWX Underlying Seemly Identifier: MX
Underlying Security Nice: $9151
10/13/17 10.000 4.5360 4,536.00 0.4000 400.00 4,136.00
Total Options 4131,108.79 4192,435.00 461,326 21 $0.00
TOTAL EQUITIES $34,078,509.88 $57,189,396.32 $23,110,886.44 $1,237,646.82
Unseated Estimated Estimated
Ode Acquired Cmantity Unit Col Cod Setif Merkel Ftice Market Value Gelarloss Maud Income Yield
MUTUAL FUNDS 3.00% of Portfolio
IVORGAN FLOATING RATE INCOME FUND Security Ideal ifier: ,PHSX
CLASS I CUSIP 1(412t513
Open End Fund
Dividend Oplion: Reinvest: Capital Gaits Option: Reinvest
09/28/17 318,809.777 9.4100 3.000.000.00 9.3800 2 990.435.71 -9,564.29 117,695.00 3.93%
Reinvestments to Date 2.122.105 9.3990 19.945 81 9.3800 19.905 34 4047 783.42 393%
Total Covered 320,931 882 3.019,945 81 3.010,341 05 -9,604.76 118.478 42
Total 320,931.882 13,019,945.81 13,010,341.05 49,604.76 5118.478.42
TOTAL M UTUAL FUNDS 83,019,945.81 $3,010,341.05 49,604.76 $118,478.42
Unmated Estimated Estimated
Onte Accaired Quality Unit Cod Cod EPS Markel Price Market Value Coin/Loss Annul Income Yield
EXCHANGE-TRADED PRODUCTS 7.00% of Portfolio
ISHARESINC MSCI SOUTH KOREA CAPPED Stalky Identifier. EWY
ETF CUSP. 464286772
Dividend Oplion: Cash; Capital Gains Option: Cash
11/03117 13,000.000 75.8460 986996.98 76.1600 976,950.00 4,046.98 8.3901 4 085%
ISHARES TR CHINA LARGE-CAP ETF Security Waller: FXI
Dividend Oplion: Cash: Capital Gains Option: Cash CUSIP 46428714
11/03117 21,000.000 46.3690 973,747.14 46.1700 969,570.00 4,177 14 18,167.31 1.87%
Page '0 of 22
WedUSIent CiewingthmorOmMmilICaShaymmed
99389 C Sc3OO 18 toveretarSince2007 stosklimallftMeltelMw*AMOw
CONFIDOP commeureoammocAtiom CorpoeWmOMYMADO
uctuma PerihrmaCirbeturatA.WaxeM_00046269
80 0
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009093
EFTA_00 156878
EFTA01289241

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
lovember 1,2017 - November 30,2017
BOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Unrealized Estimated Estimated
Dale Angered Quantity Unit Cod Cad Bates Market kite Market Value Gainless Annual Income Yield
EXCHANGE-TRADED PRODUCTS (continued)
'SHARES INC II SCI TAIWAN CAPPED ETF Security Identdier:E1VT
Dividend Option:Cash:Capital Gains Option: Cash OAP. 46434G772
11103117 26.000.000 37.9690 987,205.46 37.1000 964.600.00 -22,605.46 18.219.34 1.88%
WISDOM TREE TR JAPAN HEDGED EQUITY FO Security Identifier: 0%J
Dividend Option:Cash:Capital Gains Option: Cash CUSP 97717W851
60100.00 of these shares are in your margin account
12/11/13 60.000.000 49.4350 2.966.098.50 58.8100 3.516.600.00 550301 50 82.234 20 2.33%
TOTAL EXCHANGET WADED PRODUCTS $5,913,048.38 $6,427,720.00 $514,671.62 $127,010.99
Uentakzed Amid ablated
Cod Bads Minket Value Gainless Intend Annual Income
TOTAL PORTFOLIO HOLDINGS $71,140,609.45 $97,289.150.71 $23.993.393.76 $382.088.18 $3.383.921.72
• Noncovered under the cost basis rules as defined below.
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of
1986, as amended by the Emergency Economic Stabilization Act of 20 0 8, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially
subject to the cost basis reporting rules and may be reported to the IRS on form 10 99-B for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, if the account does not receive a 10998, the cost
basis will not be reported to the IRS.
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed. there may
be a temporary incorrect adjusted cost basis reflected unt if the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as f o the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available.
6 The Current Face value represents the outstanding principal balance°, the underlying security. The Current Face value isdetermined by multiplying the current factor times the original face
amount of the security. Factors may changeover time and are obtained from sources we keine fo be reliable.
c Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
T3 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Page " of 22
Rated Galls. Owing %MOO haltingL C • May owned
L Gary Vex Since 2007 SSA., of The in a New Vat Mellon
8°0" 6c N8FI D DALIARILATEDCOINAMICATIONS Corporation (Ely Melba) ,...... n A
UMIAK( fientleatttC.rreente F ihltAAW1 1,119m_ 0 0046270
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009094
EFTA_00 156879
EFTA01289242

Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices. unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEAS OF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www pershing.coml disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request t0 your financial institution, information pertaining t0 these transactions.
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness. timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions. regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Page '2 of 22
Rated ticellent Clewing through Pealwe LLC. • May owned
90099639CS_F3901 Every Yew Since 2007 subsidiary of The in a New Vat Mellon
FID DALIARRATEDCOMMUNICATIONS Corporation (IINY Melon)
OCCGAINCE fientimellCanerte FinatOIWIluann-00046271
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009095
EFTA_00 [56880
EFTA01289243

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
November 1,2017 - November 30,2017
rIMA PdrItil lir
Schedule of Realized Gains and Losses Current Period
Date Dale Realized
Desolation Disposed Acquired DesIgnMion DispositionMethod/ Transaction Guanine Proceeds Cost Bans Gain Lou
Short Term
VENATOR M AILS PLC SH 11/30/179 11/30/17 Covers Rrst In First Out! SELL 1.400 000 30.626 28 31.500 00 -873 72
00BF3ZNS54
Security Identifier. G9329110
OONSTELUUll NV CIA 11/01/17 11101117 Covered Fret In First Out? SELL 8.500.000 96.551.76 93.50010 3.051.76
0489522
Security Identifier. 112203514
ALTAIR B4GR INC CL A 11101/17 11101117 Covered Rrst In First Out / SELL 1200.000 54,876.53 41,600.00 13,276.53
Security Identifier. 0206913
AMERICANAXLES MFG 11108/17 11107117 Covered Fist In First Out? SELL 8.200.000 144,290.12 143.910.00 290.12
COM
Security Identifier. 024061/3
AOUANTIA CORP COM 11103/11 11103117 Covered Rrst In First Out! SELL 2.400 000 21,701.01 21.600.00 101.01
Security Identifier 03842018
GARDNERDENVERS.0GS 11/16/17 11116117 Covered first In First Out! SELL 800.000 22,282.01 21,800.00 482.01
Security Identifier. 36555017
GRAY TELEVISION INC 11/30/179 11/30/17 Covered Rrst In First Out / Sal 4.600 000 66.088 48 66.70100 .611.52
Security Identifier 38937516
..ELOAVEN HLOGINCCO 11116/17 11/16/17 Covered Rrst In First Out/ SELL 700.000 24,135.44 23,625.00 510.44
Security Identifier. 47580003
PAYLOC1TY HLEIG CORP 11121/17 11/20/17 Covered First In First Out! SELL 2.000 000 95.940.98 94,500.00 1,440.98
Security Identifier 7043SVD6
PRESIDIO INC COM 11117/17 11/17/17 Covered First In Ant Out / SELL 800.000 11,943.80 11,400.00 543.80
Security Identifier. 741203
OUALCOMM INC 11117/17 09/14/17 Covers First In First Out! Sal 5.000 000 269.715.75 255,685.97 14,029.78
Security Identifier.74762513 11/17/17 09120117 Covers Ant In First Out / SELL 5,000.000 279.149.63 269.806.00 19.343.53
Total 10,000.000 548.886.28 515.491.97 33.373.31
SRC ENERGY INC COM 11109/17 11/09/17 Covers Ant In First Out / SELL 700.000 5,886.93 5.600.00 286.93
Security Identifier. 78470V138
Page '3 of 22
Rated I 'eviler.? Cleaving through Penhwell.C. a **ay owned
' 0"6369 31qF Gen Yew, Sint 2007 subudimy of The Oak a New York Mellon
ID AL- DALBAR RATED COMMUNICATIONS Corporation 15NY Mellon)
EXCELLENCE P!. 0,14 tic. Trvtary ,II,RAA4411,2PM_00046272
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009096
EFTA_00 15688 I
EFTA01289244

Schedule of Realized Gains and Losses Current Period (continued)
Dale Dale Realized
Description Wanted Acidated Designation Disposition Method) Transit lon Closolky Roared; Cod Basis Getty Loss
Short Term (continued)
CAII VA SIP 500 ET 11/14117 09127117 Covered Rrst In First Out! SELL 620.000 287.667.31 135.879 00 151,788.31
255.00
Security Identifier 990AFT2Z3
PUT CURENC YSHARES 11/03117 10/17117 Coveted Rat In First Out! SELL 7.000 774.83 637 00 137.83
1200 11103117 10117117 Coveted First In First Out 1 SRI 2,593.000 287,020.38 235.969 00 54051 38
Security Identifier 990AHRONU
Total 2,600.000 287,795.21 236,606.00 51189 21
CAL!. WORS&P500 ET 11117117 09127117 Covered First In First Out! SELL 500.000 276,987.56 132,406.00 144,581.56
254.00
Security Identifier.990ALK878
PUT OUALCOUN INC EX 11102117 09114117 Covered Rat In First Out! BUY 40.000 7,564.82 363.00 7201.82
50.00 11102117 09120117 Covered First In First Out! BUY 40.000 5,820.86 363.00 5257.86
Security Identifer.990ALPBOU
Total 400.000 13,185.68 726.00 12,459.68
Total Short Term 1,988,734.38 1,576,843.97 411,890.41
Long Term
WASHINGTON II UT IITOS 1104/17 12113113 Noncovered'' REPYIAT OF PRIN 1,290,000.000 2,080.09 1,576.36 483.73
004-RA2 SITU PASSTHRU CIF CL C- Original Cost 8asis 1576.36
B-1VAR RATE 6.996%07/25133
Security Identifier 939336520
Total Long Term 2,060 09 1 576 36 483.73
Total Short and Long Term 1.990.794 47 1,572420 33 412.374.14
Noncovered under the cost basis rules as defined below.
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of '086, as
amended by the Emergency Economic Stabilization Act of 20 0 8, and are marked as "noncovered" Securities marked as' covered', were identified as securities potentially subject to the
cost basis reporting rules and may be reported to the IRS on form 1099.8 for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However, if the account does not receive a 10998, the cost basis will
not be reported to the IRS
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions. has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your I399-B or online displays you may have available to
you.
Page 14 of 22
N4G-0I3804
Rated Excellent Clearing Omagh PenblinlIC auk* evened
B0099 389 CSF30 0 18 L trey Yew Since 2007 sobildlarrof The Bank a New Yak Meta
CONFIDO. DMIAR RATED COMMUNICATIONS Carpotaban (MY Mellon)
EXCILLUICE Penhnx 11.C. menbn tuRAARKELGM-00046273
CONFIDENTIAL — PURSUANT TO FED. R CRIAA P. 6(e) DS-SDNY-0009097
EFTA_00156882
EFTA01289245

PA Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
Vovem ber 1, 2017 - November 30,2017
SOUTHERN RNA NCIAL LLC
Schedule of Realized Gains and Losses Current Period (continued)
W hen you report your cost basis on your tax return. it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H R.1424. You should consult with your lax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with lessthan one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
' The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as ro the accuracy of this information.
u These shares are unsettled and have been recently disposed. You will also see these shares on the Portfolio Holdings section until this transaction has been settled.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method. your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099.8.
Messages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospect us or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Please note the following information for Pershing's 2017 Form 1099 tax statement (1099). The 1099 includes IRS1099 Form B, DIV, INT. 010 and M ISC. Your 1099 will be delivered
as early as possible, beginning January 312018 By February 15, you will be mailed either your 1399 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have
not received and processed final information from issuers and trustees of securities you hold by the as of date of the February 15 1099 mailing. You will also be sent the notice if your
information is still being reviewed and finalized. It will inform you of the securities that are pending final reporting, and will provide the anticipated mail date of your 1399. Your 1099
will be mailed no later than M arch 15.2018. For more information please visit mytaxhandbook.com.
MUNICIPAL SECURITIESRULEM AKING BOARDI(M SRN))
INVESTOR EDUCATION A NO PROTECTION
An investor brochure that describes the protections available under MSR8 rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on
the M SKI w etisite. msrb.org.
Pershing LLC is registered with the Securities and Exchange Commission (SEC), M SRB. RN RA, and NYSE
Page '5 of 22
Rated Gallen, Clewing through Pashas LC.* +Atoll owned
Eery Vex Since 2007 se...Idler of The Bask N Mew Yorlg Mellon
809CONFIDA DALIARPATEDCOINAUNICATIONS Corporation (eta Melba) ..
Uall(Na PositintltC.rreentw F Mite, tWilli.et,40_00346274
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009098
EFTA_00 156883
EFTA01289246

Actrvihy Summary A ri,)„ „, n .abt, U. Cyl
Credits This Period Debits Tbis Period Net This Period °edits Yea-to-Dale Detesleat4o-Date Net Yee-to-Date
Securities
Securities Bought 0.00 4,482,108.1? 4,482,108.17 0.00 -18.534,977.51 -18.534,97151
Securities Sold 1.867.050 23 0.00 1.867.050 13 4.277.341.06 0.00 4.277.341.06
SecuritiesWithdrawn 0.00 -17,588600.00 -17588,000.00 0.00 -52,061215.50 -52,061215.50
Total Securities $1,867,050.23 423,070,108 17 421,203,057.94 51,277,311.06 470,596,193.01 466,318,851.95
Dividends and Interest $268,956.48 $0.00 $268,956.48 $2,661,897.39 4124.935.88 $2,536,961.51
Distributions $102,969.56 $0.00 $102.969.56 $1,511,707.68 $0.00 $1,511,707.68
Fees $0 00 $0 00 $000 $0.00 4400.00 4400.00
Taxes Withheld $0.00 $0.00 $0.00 $0.00 46,076.09 46,076.09
Cash
Withdrawals 0.00 -141,00000 -141.000.00 0.00 -1,273,731.96 -1,273,731.96
Total Cash $0.00 4111,000 00 4111.000.00 $0.00 41,273,731.96 41,273,731.96
Totals $2,238,976.27 423.211.108 17 420,972.131 90 $8.450.916.13 472,001,336 91 463.550.390 81
Transactions by Type of Activity
PIONS' Trade;
Settlement Transiaion
Date Dote Agilely Type Desaiption Quantity Price Acaued 'Pint* Amount Cream
Securities Bought and Sold
11/02/17 10131/17 PURCHASED SS INVTSGM BH GTC SR NT REG S ISINIUSA29866A653 2.000.000.000 99.0650 -11,680.66 -1.992.980.56 USD
SSA/4113909 7250% 04/03/24 MD71304/03/14 CLB YLD 7.434 TO M AT
ASOF 913/2017
11/02/17 10131/17 PURCHASED SERVICEM ASTER CO NT 7250%03/0/38 B/E DTD 03/02198 70.000 000 104.0000 -859.93 -73,665.93 USD
SYM GD YLD 6880 TO M AT
11103/17 11101/17 SOLO CONSTB.LIUM NV CIA ISINS N1001489522 UNSOLICITED 6.500 000 11.1000 96,551.76 USD
CSTM ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT
11103/17 11101/17 PURCHASED CONSTELLIUM NV CIA ISINS N10013489522 PROSPECTUS 8.500 000 11.0000 -93.500.00 USD
CSTM UNDER SEPARATE COVER
11103/17 11/01/17 SOLO ALTAIR ENGR INC CL A COM UNSOLICITED ORDER AVERAGE -3,200 000 17.1911 54,876.53 USD
ALTR UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
11103/17 11101/17 PURCHASED ALTAIR ENGR INC CI. A COM PROSPECTUS UNDER SEPARATE 3200 000 13.0000 -41,600.00 USD
ALTR COVER
11103/17 11102117 PURCHASE) PUT 00 OUALCOMII INC EXP 11-9.17050 000 OPTION ROOT: 100.000 0.0700 -726.00 USD
990ALF8DU 00041 CLOSING TRANSACTION UNSOLICITED ORDER
EXCHANGE LISTED OPTION ALLOCATED ORDER
Page '6 of 22
Paled ficellent Clown. tivough 'Want U.C. a wooer owned
90099639C5Q° 1_8 Even/ Year Since 2007 sabsidlary of The Sank ad New York Mellon
NFIDO DALBAR RATIO COMMUNICATIONS CA•Parabil any Mellon) onm
EXCELLENCE Poshattl.C.nverter FihRAMWV1111•340—00046275
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009099
EFTA_00156884
EFTA01289247

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
November 12017 - November 30,2017
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Proof% Trade'
Seillemenl Transaction
Date Dale Adivily Type Description Quantity Price Acaued Inlered Amount Currency
Securities Bought and Sold (continued)
11/06/17 11103/17 SOLO PUT AO CURENCYSHARES EURO TR EURO SHS EXP -2.600.000 1.1369 287.795 21 USD
990AHRONU 011-134)12 000 OPTION ROOT: FXE CLOSING TRANSACTION
UNSOL EXCHANGE LISTED
11107/17 11103117 SOLD AQUANTIA CORP COM UNSOUCITED ORDER -2.100.000 9.0848 21,701.01 USD
AO
11101/17 11103111 PURCHASED AOUANTIACORPCOM PROSPECTUS UNDER SEPARATE009ER 2,100 000 9.0000 -21,600.00 USD
AO
11/07/17 11103/17 PURCHASED ISHARES INC MSCI SOUTH KOREA CAPPED ETF UNSOLICITED 13.000.000 75.8054 485.996.98 USD
ENV ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED ASAGENT
11/07/17 11103/17 PURCHASED ISHARES TR CHINA LARGE-CAP ETF UNSOLICITED ORDER 21.000 000 46.3286 -973,747.44 USD
FXI AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
11/07/17 11103117 PURCHASED MARES INC MSCI TAIWAN CAPPED ETF UNSOLICITED ORDER 26.000 000 37.9292 487.205.16 USD
ENT AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
11110/17 11107/17 PURCHASED AMERICAN AXLE & M FG HIDGS INC COM PROSPECTUS UNDER 8200 000 17.5500 -113,910.00 USD
AXL SEPARATE COVER
11/10/17 11108/17 SOLO AMERICAN AXLE & M FGHLDGS INC COM BKCM A PERSHING 4.200 000 17.6265 11000.12 USD
AXL AFFILIATE MAKESA M KT IN THIS SECURITY 8 ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION
11/13/17 11109/17 PURCHASED SRC ENERGY INC 03M PROSPECTUS UNDER SEPARATE COVER 700.000 8.0000 -5.600.00 USD
SRO
11113/17 11109/17 SOLD SRC ENERGY INC COM UNSOLICITED ORDER AVERAGE UNIT -700.000 8.4901 5.886.93 USD
SRC) PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
11115/17 11114111 SOLD CALL DO SPDR S&P 500 ETF TR TR UNIT EXP 12-4-V0255000 -620.000 4.6700 287,667.31 USD
990AFT2Z3 OPTION ROOT: SPY CLOSING TRANSACTION UNSOL
EXCHANGE LISTED OPTION
11/20/17 11116/17 SOLD GARDNER DENVER HLDGS INC COM UNSOLICITED ORDER 400.000 27.9231 22.282.01 USD
GUI AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
11/20/17 11116/17 PURCHASED GARDNER DENVER HLDGS INC COM PROSPECTUS UNDER 800.000 27.2500 -21,800.00 USD
GDI SEPARATE COVER
Page '7 of 22
Rated [smitten Cleanng *roar PEWS 11C. a iota/ corned
trey Yew Since 2007 Maid's." a The Mak a New Yak Mellor.
el09CONFIDA AL- OMAR MITO COMMUNICATIONS CaveratIon (MY Mike)
EXCLUINCI Per 11. ing rner-bn A.g411WPM-00046276
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009100
EFTA_00 156885
EFTA01289248

Transactions by Type of Activity (continued)
Roast; Trade;
Settlement Tranadion
Date Date Activity Type Description Quailly Price Acaued Inlered Amount Catena
Securities Bought and Sold (continued)
11120/17 11116)17 SOLD .ELD-WEN HLDG INC COM UNSOLICITED ORDER -700.000 34.5600 24.135 44 USD
J10
11/20/17 11116/17 PURCHASED ELD-ViD I HMG INC COM PROSPECTUSUNDER SEPARATE 700.000 33.7500 -23.625.00 USD
J10 COVER
11120/1 7 11117/17 SOLD CALL 100 SPDR S&P NO Elf TR TR UNIT RP 9.5-90254000 500.000 5.5700 276,987 56 USD
990ALK879 OPTION ROOT: SPY CLOSING TRANSACTION UNSOL
EXCHANGE LISTED OPTION
11120/17 YOUR OPTION ASSIGNED CALL AO OUALCOMM INC BO 11-17-17(02500 OPTION ROOT: 50.000 0.00 USD
990ALPECI OCOM OCOM CLOSING TRANSACTION
11/20/17 YOUR OPTION ASSIGNED CALL I:10 OUALCOMM INC DT itZia55000 OPTION 50.000 0.00 USD
990ALP9CJ ROOT: OCOM OCOM CLOSING TRANSACTION
11121/17 11/17117 SOLD PRESIDIO INC COM UNSOLICITED ORDER 100.000 15.0001 11,943.80 USD
PSDO
11/21/17 11117117 PURCHASED PRESIDIO INC COM PROSPECTUSUNDER SEPARATE COVER 800.000 14.2500 -11,400.00 USD
PSDO
11/21/17 11117/17 SOLD OUALCOM IA INC ACCT OPT ASSIGNED OPTCUSIP 99OALPBCI -5,000.000 52.5000 262.287.93 USD
OCOM
11121/17 11117117 SOLD OUALCOM II INC ACCT OPT ASSIGNED OPTCUSIP 990ALPBCJ 1,000 000 55.0000 274,793.64 USD
OCOM
11124/17 11120111 PURCHASED PAYLOCITY HLDG CORPCOM PROSPECTUS UNDER SEPARATE 2,000 000 47.2500 14,500.00 USD
PCTY COVER
11124/17 11121117 SOLD PAYLOCITY HLDG CORPCOM UNSOLICITED ORDER -2,000.000 48.0146 95.940 98 USD
PCTY
11129/17 REINVEST CASH INCOME .PIAORGAN FLOATING RATE INCOM E FUND CLASS I 1,094.002 -10,250.80 USD
PHSX 39831.8800 SHRS SHRS FtIRCH. AT $9.37000 RD 1527PD
1429/17
Total Securities Bought and Sold - U.S. DOLLARS -12,540.49 3,615,057.94
Securities Withdrawals and Deposits
11/09/17 CUSTOMER AUTHORIZED APPLE INC COM TRANS TO NIG-02691 -100.000.000 -17.588.000.00 USD
TRANSFER
AAPL
Total Securities Withdrawals and Deposits - U.S. DOLLARS 0.00 -17,588,000.00
Dividends and Interest
11115/17 BOND INTEREST RECEIVED 80000 SHRSGM AC CAP TR I GTD TR PFD SECSSER2 CP11. 36,288.88 USD
ALLY PM 8.25% FREO ORTLY MATY-02/9/2040 CALL ANYTIME 025
W)30 DAYSBEGINS02/15/9 RD 111 PD tV9/17
11/16/17 CASH DIVIDEND RECEIVED 214000 SHRSAPPLE INC COM RD tV13PD 119117 134,820.00 USD
AAPI
Page 18 of 22
Rated Galls. Charing Omagh PaganI ICI mlay caned
Engl.'s' Since 2007 subsidiary of Their* OW. Yak Melloa
ID OM AR RATED CCOAMUNICAllONS Corp./melon OM Melba)
EXCWANCC Pentint U.C.frete FINIZA.Wha.GM-00046277
8°0 99 co n tqF
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009101
EFTA_00 156886
EFTA01289249

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
November 12017 - November 30,2017
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Proms; Trade;
Sett lemenl Trance:Non
Date Date Maity Type Description Quanta). Price Acaued Interest Amount Comm
Dividends and Interest (continued)
11/16/17 CASH DIVIDEND RECEIVED 2000000 BANKAMERCO PE NONCOUULATIVED SHS 81.25010 USD
060505018 FIXED TO FLOAT 8.25% 04/ 30/ 58 8IE DTD 04)30/08 CL8 RD
PD 4E/17
11/27/17 BOND INTEREST RECEIVED 490000 WASHINGTON M UT M TGSECSCORP 2004-RA2 M TG 3.021 10 USD
939336520 PASSTHRU CIF CI. C-B-I VAR RATE 6.996% 07/25/33 6/ E DTD
06/0104 RD 13/31PD 1/25/17
11129/17 CASH DIVIDEND RECEIVED .PM ORGAN FLOATING RATE INCOME FUND CLASS I 10.250.80 USD
.PHSX 31837.8800 SHRS RD 1127 PO 1/29/17
11130/17 MONEY M ARKET FUND CELITSCHEGOVT CASH 3.32530 USD
INCOME RECEIVED
PER2320 45
Total Dividends and Interest - U.S. DOLLARS 0.00 268,956.48
Distributions
11/21117 RETURN OF PRINCIPAL /290000 WASHINGTON 14 UT MI6 SECS CORP 2004-RA2 Al TG 338.33 USD
RECEIVED PASSTHRU CIF CL C-8-1V AR RATE 6 996% 07/26133 8/E DTD
939336520 06/0104 RD 0/31P01/25/9
11/30/17 PARTNERSHIP DISTRIBUTION 26367 SHRS APOLLO GLOBAL M GMTLLC CL A SHS RD 1/21PD 102.63123 USD
APO 43014
Total Distributions - U.S. DOLLARS 0.00 102,969.56
Cash W it hd rawals and Deposits
11/22117 FEDERAL FUNDS SENT DEUTSCHE BANK TRUST -78,000.00 USD
USD999997
11/29/17 FEDERAL FUNDSSENT DEUTSCHE BANK TRUST 43.000.00 USD
USD999997
Total Cash Withdrawals and Deposits - U.S. DOLLARS 0.00 ,141,000.00
Total Value of Transactions -12,540.49 -20,912,131.90 USD
The price and quantity displayed may have been rounded.
Page '9 of 22
Rated Wallin, Clan% liner Pershing1SC. a %lag owned
809CONFID L bay TeX Since 2007 satosIdlary of The Bank a New York Mellon
DAURR£ATTD00MMUNICATI0NS Corporation OM Aldan) ,...,.. ,
00046278
EXCULOC firshint UK. reente, F gate, fl4cillikt9M-
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009102
EFTA_00 156887
EFTA01289250

Fixed Income Analysis
Bond Quality Bond Maturity Schedule
%of Bond
%ol Bond
Bond Quality Mu al Value Martel VaNe Pace( of Find Income Bond Maturity Mike Velue Nadel yam
A 2441,223.75 9% .1 to 5 years 1,810,630.00 7%
BAA 8,423,030.00 32% M6 to 10 years 4,173,200.00 16%
Over 10 years 20,232,592.71 77%
BA/ Lower 14,948,257.50 57%
Not Rated 473,911.46 2% Total 26,286,422.71 100%
Total 26,288,422.71 100% 0 20 40 80 80 10
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Trades No. Se:: ed
Settlemem Trade Activity Accrued Settlement
Date bate Type Description Quality Pike interest AmouM
12104117 11130/17 Buy SMART GLOBAL HLDGS INC %IS 1,800.000 33.5000 0.00 40.300.00
PROSPECTUS UNOERSEPARATECOVER
12104/11 11130/17 Buy VENATOR NAILS PLC SHS 1,400.000 22.5000 0.00 41,500.00
'SINS GBOOBF3ZNS54 PROSPECTUSUNCER
SEPARATE COVER
12104111 11130/17 Sell VENATOR MATLSPLCSHS 4,400.000 21.9207 0.00 30,626.28
!SINS GBOOBF3ZNS54 UNSOLICITED ORDER
AVERAGE UNIT PRICE TRANSACTION
YOUR BROKER ACTED AS AGENT
12/04/IT 11130117 Buy GRAY TBIYISION INC COM 4,600.000 14.5000 0.00 46,700.00
PROSPECTUS UNDER SEPARATECOVER
12/04/17 11/30117 Sell GRAY TELEVISION INC COLI 4,600.000 14.4087 0.00 66,088.48
UNSOUCITED ORDER AVERAGE UNIT PRICE
TRANSACTION YOUR BROKER
ACTED ASAGENI
Total Amount of Trades Not Settled -S81,785.24
Client Service Information
Your Investmeat Specialt ENJ Coated Informmlon
JOSHUA SHOSHAN Telephone Number:
280 PARK AvE- 3R0 FL
NEW YORK NY 13 0 17
Page 20 of 22
Rabid Cznellent Oes.nz °wove, Pershing LC.* who*, evened
0993890 Sc30018 L Every Year Since 20O7 Sq./WWII* Of The Bank One. Yak Mellon
CONFIDO. DALBAR RATED COMMUNICATIONS Corporation OINY MtlIon)
()tall INCI PerIhnxlIC. merger unee.g714YmeeM_00046279
BO
CONFIDENTIAL — PURSUANT TO FED. R CRIbil. P. 6(e) DB-SDNY-0009103
EFrA_00156888
EFTA01289251

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
November 1,2017 - November 30,2017
SOUTHERN FINANCIAL=
Your Account Informati n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for Mutual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize prem turn on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Important Informati ri and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing ads as the agent of your financial institution and you agree that you w ill not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institutionit acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain Instances, execution of securities orders:the assessment of the suitability of those transactions, w here applicable: the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at . All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Ad.
• Your financial organization's contact information can bet n nh fir page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Page 2) of 22
Rated [scented Clewing through Penbleg 114 Imlay evened
099389CSP300 18 L bey Year Since 2007 sabsidiary a The Mak a Near Yak Mellon
CONFIDO. PALIARMITO COMMUNCAT IONS CarpontIon MeNon)
exautea
Per I Finx 11.C(.' NYWon
Fth-RAAR4VELGNI_00046280
BO
CONFIDENTIAL — PURSUANT TO FED. R CRilvl. P. 6(e) DE1-SDNY-0009104
EFTA_00156889
EFTA01289252

Important Information and Disclosures (continued)
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding:a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reasons) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(Ill) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department. One Pershing Plaza, Jersey City, New Jersey 07399;
Page 22 of 22
Rated Eatrilem Clown. tIvough 'Want U.C. a %•o yowned
E30099639C 3OM (my Year Sint< 2007 subudiary of The bank of New York Mellon
OINIFI D M efivrAL DALBAR RATED COMMutoCATIONS Corporation ISNY Mellon)
()Catlin(I Pc...prig LIS% RA.gtc!nracm_Ooo46281
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009105
EFTA_00156890
EFTA01289253

FA
Deutsche Bank Drututiv Lint MI.r,n /ice°. MM,tfmr„
Marini <petal< C4Cug
O•vnche MS,
P.O Box 1776, Baltimore, MD 21203 POW Yon C•te
30 Pot <m,n¢. )611 Flow
Nerd
Ton.,
Wert
October 1,2017 - October 312017
Account Number
SOUTHERN FINANCIAL LLC
6100 RED HOOK QUARTER B3
ST T HOM ASVI 00802
Portfolio at a Glance
Tne Period Yew-to-Date
Your Investment Specialist BEGINNINGACCOUNT VALUE 9110,380,431.53 9117,069,956.26
JOSHUA SHOSHAN NO Cash Deposits and Withdrawals 0.00 -1,132,731.96
(212) 454-4433
NM Securities In/Out of Account 4,918,997.00 44,473215.50
Adjusted Previous Account Value 107,461,434.53 81,464,008.80
Dividends, Interest and Other Income 280,841.13 2,652,214.25
Total Taxes Withheld 0.00 4,076.09
Other Transactions -25.00 -400.00
Net Change in Portfolio' 5,667,966.72 29,300,210.42
ENDINGACCOUNT VALU
Armed Interest 5305,370.75
Estimated Annual Income 53,446,894.41
'Net Change in Portfolio is the difference between the ending account value and
beginning account value after activity.
Asset Summary
Percent And Type Prior Yaland Met Period ThisPeriod
7% Cash, Money Funds, and Bank Deposits 15,864,445.94 14,469,498.42 7,759,402.53
21% Fixed Income 19,233,099.80 19.062.244.51 24,497,834.38
in 66% Equities 19,000,010.52 70,566,688.60 74,652,509.26
3% Mutual Funds 0.00 3,000,000.00 3,016,071.21
3% Exchange-Traded Products 2,972,400.00 3,282,000.00 3,464,200.00
100% Account Total (Pie Chart) 9117469,856.26 9110,380,431.53 $113.410,017.38
Please review your allocation periodically with your Investment Specialist.
Page 1 of 23
RAS hottlent Claim. through Pershing IIC a akoly evened
" 163)71 Every Yes, Since 2007 sobsidiary a The Bonk a Ne York Mellon
F I D DALIAR RATED COMMUNICATIONS CarpotatIon (IINY Mellon)
LICILLINCI Peri FinxlIC. melte. FINRA.VACYreehl—°°°46282
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009106
EFrA_OO 156891
EFTA01289254

Summary of Gans and Losses
Realized
ThisPeriod Yearze-Date Unrealized
Short-Term Gain/ Loss 12,352.49 154,803.40 335.780 27
Long-Term Gain! Loss 529.33 -720.170.15 30.495.106 14
Net Gain! Loss 12,881.82 -565,36615 30.830.886.11
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the ECB" ) and other credit institutions introduced negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 1099 and/ or 104 2 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Date Activity Type Description Amount Balance
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 0 95% Activity Ending: 10/ 31/17
09/30/IT Opening Balance 14,466,798.42 14.466.798.42
10/02/17 Withdrawal MONEY FUND REDEM PTION -18,685.00 14,448,113.42
10103117 Withdrawal MONEY FUND REDEMPTION .1,176,872.42 13.271.241.00
10/05/17 Withdrawal MONEY FUND REDEMPTION -1.004.964.33 12.266.276.67
10/10/17 Deposit MONEY FUND PURCHASE 111.991.40 12.378.268.07
10/11/17 Deposit MONEY FUND PURCHASE 11,625.00 12.389.893.07
10113/17 Withdrawal MONEY FUND REDEM PTION -1,027,053.63 11,362,839.44
10/17/17 Withdrawal MONEY FUND REDEM PTION -504.360.42 10.858.479.02
10/18/17 Withdrawal MONEY FUND REDEMPTION ,163,188.70 10.695.290.32
10/20/17 Withdrawal MONEY FUND REDEMPTION -1.049.874.06 9.645.416.26
10/23/17 Withdrawal M ON EY FUND REDEMPTION -127.673.60 9.217.742.66
10/24/I7 Withdrawal MONEY FUND REDEMPTION -23,407.30 9,194,335.36
10126/17 Withdrawal MONEY FUND REDEM PTION -2,311,427.14 6,882.908 22
10130117 Deposit MONEY FUND PURCHASE 24,293.43 6,907,201.65
10/31/17 Deposit MONEY FUND PURCHASE 843.660.73 7,750,862.38
10/31/17 Deposit IN CO M E REIN V EST 8.540.15 7.759.402.53
10/31/17 Closing Balance $7,759,102.53
Total All Money Market Funds 57,759.402 53
Page 2 of 23
Rated Estrilent Clewing tiny.. Penhwe tLC. a witolly owned
8010136soori Even Year Sint 2O07 subsidiary of The Oak *I New York Mellon
FI D ffI PTAL DALIAR RATED COMMUNICATIONS Corp:noon ISNY Mellon)
IXCILLINC( pc, ow.: ,it,RA.g41 GM_00046283
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009107
EFTA_00 156892
EFTA01289255

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
October 1,2017- October 31,2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary
04110t Period Yeato-Dele
Untie Non %So Taxable Noa Taxable
Dividend Income
Equities 2.505 15 0.00 869,695.34 0.00
Money Market 8,540 15 0.00 99224.79 0.00
Other Dividends 207,195 01 0.00 810,695.01 0.00
Interest Income
Bond Interest 62,403.14 0.00 384,848.92 0.00
Other Interest 0.00 0.00 103.545.60 0.00
Expenses
Margin Interest 0.00 -2.32 0.00 4.83
Withholding Taxes 0.00 0.00 4,076.09 0.00
Fees(Foreign Securities) 45.00 0.00 300.00 0.00
Total Dividends, Interest, Income and Expenses 8280,818.45 42.32 82,281,833.57 44.83
Distributions
Alternative Investments 0.00 0.00 0.00 384,209.22
Other Distributions 0.00 459.05 0.00 23.057.78
Total Distributions $0.00 $459.05 $0.00 $407,287.00
Portfolio Holdings
Accouni Artrvily Opening Ooilg Accrued Income 304:lay Current
Opening Dale Duality Number Biding Balance lace Incase Iltb Yen Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 7 00% of Portfolio
Margin Balance 2,70000 0.00
Money Market
DEUTSOIE GOVT CASH INSTL
09130117 7,759,402.530 NIA 10131117 14,488,798.42 7.759.402.53 0.00 99,224.79 0.94% 095%
Total Money Market 814,488,798.42 $7,759,402.53 $0.00 $99,224.79
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $14,489,498.42 $1,759,402.53 $0.00 $99,224.79
Page 3 of 23
Wed tiornent Clewing through PenlivgI 1C *a.* evened
1323CSP30 020 L tray Year Since 2007 sdnidiary a me Melt a New Yalt Meta
CONFIDOs PALIARMITO COMMUNICATIONS CarpotatIon Mellon)
BO 10
LxiaLatia PerI hnglIC(.S mHeYrger on)
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009108
EFrA_00156893
EFTA01289256

Portfolio Holdings (continued)
Adjude4 Unguided Acaued Esliraled Eshrraled
Due ARIAN Nudity UM Ong Cod Basis Maid Rice 'Wet Vain Gibiloss Interest Anrual Irccrre Yield
FIXED INCOME 21.00% of Portfolio (In Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON M UT M TG SECS CORP 2004-RA2 Security WHIMS. 939336520
TG PASSTHRU CTF CL C-B-1VAR RATE
6.994% 07125133 WE DTD 06/0104
Factor: 0.4015058 McBee Date:13102/17
Current Fax Value: 51,129248
12113113'-- 1,290,000.000 76.5190 396,465.28 91.8440 475,870.63 79,405.35 3,020.02
Original Cost Basis: 5638,906.71
Total Asset Backed Securities $396,465.28 8475,870.63 $79,405.35 53,020.02 50.00
1,290,000.000
Total Current Face Value:518,129.248
Corporate Bonds
CITIZENSCOM MUNICATIONSCO SR Security Identifier: 174539AW1
NT FULLY EXCHANGED FROM 1453BAX9
7.25%03/111 WE DTD 03/23/07M pod y Rating 82 St P Rehm
8
10103117 1,000,000.000 100.0960 1,000,960.09 100.5030 1.005.030 00 4,069.91 9,104.11 11,250.00 708%
Original Cost Basis: 5100100600
FRONTIERCOMMUNICATIONSCORP Security Identifier: 35906AAH1
SR NT FULLY EXCHANGED FROM CUSP
8.540%04/W0 WE DID 04/12/13Moody Rating B256 P
Rating B
10/11/17 1,000,000.000 98.7510 987,506.00 98.8750 988.750.00 1.244 00 3117 78 85100 00 8 59%
Original Cost Basis: 5987506.00
BARCIAYSIN PLC CONTINGENT CAP NT Security Identifier: 06739FHK0
ISIN$ USO 6739FilK03 7.750% 0411/23 WE
OTD 04/8/13 CALLABLE 0411/158 P Rating BB*
04/03113 4 e 300,000.000 100.0000 300,000.00 102.1250 306.37510 6.375.00 1.356 25 23.250.00 7 58%
Original Cost Basis: 5300.000.00
BRA INTER LLD/ REA RN INC GTO Security Identifier: 30162RAA9
FIRST PRIORITY SR SECO NT %4A
13000% 0711123 WE DM 0712218 CLBMoody Rating MS& P
Riling B
10124117 2,000,000.000 97.0250 1,940,506.00 95.7500 1,915,000.00 -25,506.00 60,555.56 200,000.00 10.44%
Original Cost Basis: 51940.506.00
Page 4 of 23
Rats Easikst Clewing Stour PflS I1C *Say evansl
1323C SP30 020 L Every Yet Since 2007 sabsidlarg at The in al Neat Vat Malls
CONFIDO. DALIAR RATIO COMMUNICATIONS Carpostlan MAW
INCI Pert Finx 11.C. meet.. FINRAAWM- 00046285
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) 90 10 DB-SDNY-0009109
EFIA_00156894
EFTA01289257

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
October 1,2017- October 31,2017
SOUTHERN F1NA NCIALLLC
Portfolio Holdings (continued)
Adjusted Unrealized Acaued Estimated alimated
Date Acquired Quantity Unit co Cod Basis Markel Price Market \fake Gainiloss Inters Annual Income Yield
FIXED INCOME (continued)
Corporate Bonds (continued)
SERVICEMASTER CO NT 1250%03/0138 B/E Mainly death per: 81760NAB5
DID 01/02198 ET CPN DTE 09/0198
CPN PM T SEMI ANNUAL ON MAR 01AND SEPOiloody Rating
B2 S8 P Rating B
10/18/17 1.000.000.000 103.9980 1.039.980.89 703.0000 1,030,000.00 4.980 89 12.083.34 72.500.00 7.03%
Original Cost Basis: $1040Q06.00
10/19/17 350,000.000 104.0000 363,999.84 103.0000 360,499.99 -3,499.85 4,229.17 25,315.00 7.03%
Original Cost Basis: 5364,006 00
10/20/17 80.000.000 104.0060 83.20439 103.0000 82.400.01 404.78 966.66 5.800.00 7.03%
Original Cost Basis: 583206.00
Total Covered 1,430,000.000 1,481,185.52 1,472,900.00 -14,285.52 17,279.17 103,675.00
Total 1,430,000.000 51,487,185.52 51,472,900.00 414,285.52 117,279.17 $103,675.00
.PM ORGAN CHASE 8 CO DEP SHSREPST6 Security Identifier:466257111AI
51)TH PFD SER1F IXED TO FITG RT BD
7.900%04/29/49 BIEDTO 04/23/08M oody Wing 8AA3 S 8 P
Rating BBB•
06/15/11 .." 2 2,50Q000.000 107.5000 2,687,500.00 102.5500 2,563,750.00 -123,750.00 0.00 197,500.00 7.70%
Original Cost Basis:52,687.50000
06/15/11 " 52 2.500.000.000 107.0000 2.615.000.00 102.5500 2.563.750.00 -111.250.00 0.00 197,500.00 7.70%
Original Cost Basis: 52,675,000.00
Total Noncovered 5,000,000 000 5,362,500.00 5,127,500.00 -235,000.00 0.00 395,000.00
Total 5,000,000.000 $5,362,500.00 55,127,500.00 4235,000 00 50.00 5395 000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Ideetifier: 060505078
WM FIXED TO FLOAT 8.725% 04/30158 WE
DTD 04/30/08 CALLABLE05/VMM oody Rating BA2 St P
Rating BB,
01/10/11 ..312 2.000.000.000 102.7500 2.055.000.00 103.1600 2.063.200.00 8.200.00 74,930.56 162,500.00 7.87%
Original Cost Basis:52,055.00010
Page 5 of 23
Rated Gallen, Claming thtough Pershing LC. a tAtoilt owned
L bay TeX Since 2007 setaldiary of The Bank or New York Mellon
DALIARPARDCPAMMICATIONS Corporabon(INY Mellon) ,,
00346286
UCULINCE Pennine t tC. metre F ihRA.*.IPKet,40—
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009110
EFTA_00 156895
EFTA01289258

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Esliraled Eslirraled
Dote Acquired Nudity Unit Cod Cod Bads Market Rice Market Value Gain Loss Inleresi Anrual 'rare Yield
FIXED INCOM E (continued)
Corporate Bonds (continued)
SOUTHERN CALIF EDISON CO PREF SER E Securely Identities 842400FU2
6.250% 0717/62 WE DTD 011112
CALLABLE 02/0122 Q 10.000 M oody Rating BAA1S 8 P Rat leg
BBB-
01/30112 .'" 3,000,000.000 99.8750 2.996.264 25 112.8750 3.386 250 00 389.985 75 46.875 00 187.500.00 5 53%
Original Cost Basis: 52,992,56497
GENERAL ELEC CO GTD FXD-TO•FLIGRT Securely Identifies. 3696048114
NONCUMULATIVE PERPETUAL PREFERRED
4.000% 12/03/65 REGOTD 4/03/Elloody Rating A3 S8 P
Rating A
12/03/15 2,469,000.000 88.0930 2,175,016.17 98.0000 2,419.620 00 244,603.83 37,309.33 98,760.00 4 08%
Original Cost Basis: 52,05,016.4
sLLOYDS BANKING GROUP PLC FXD RATE RESET Security Identibei 539439A04
AD DL TIER 1SEC,S 'SIMI US$39439AG42
7.500% 04/27/88 B/E DTD 041071%58 P Rating BB-
Please Provide 1,903,000.000 N/A Please Provide 114.1250 2,171,798.75 NIA 13A79 58 142,725 00 6.57%
Original Cost Basis: Please Neville
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier: 17296725
5.950%08/15/88 WE DTO 08141E
CALLABLE0815/20 Q 14.0001loody Ratio° BA2 SS P Rating
BB+
08708/15 3,000,000.000 100.0000 3,000,005.99 105.5180 3,185,540.00 165,534.01 37,683.33 178,500.00 583%
Original Cost Etas :$3,000,006.00
Total Corporate Bonds $21,304,944.02 $24,021,963.75 $545,220.98 $302,350.73 $1,848,180.00
23,102,000.000
TOTAL FIXED INCOME $21,701,409.30 $24,497,834.38 $624,628.33 $305,370.75 $1,648,160.00
24,392,000.000
United Estimated Estivated
Dote MOS Nanny (MN Cost Oad Balls Markel Price Market Value awLeaa Maud Income Yield
EQUITIES 66.00% of Portfolio
Common Stocks
BROADOOM LTD SITSISMS 909999014823 Security Identifier: AVG0
Dividend Option: Cash CUSIP: Y09827119
09/29117 2,0001 485,884.78 263.9100 527,820.00 41,935.22 8,160 00 1.54%
10/13117 2,000 500,048.88 263.9100 527,820.00 27,773.32 8,160 00 1.54%
Page 6 of 23
Rated ['mental Clewing through Mire I1C nob* evened
1323CSP30 0 2 0 trey Year Since 2007 sobsidiary a The lark a New Yed Meta
CONFIDOP PALIAR RATIO COMMUNCAT IONS CaoporatIon (MY Mellon)
EXCILLINC PerIhnx 11.C.mertn Firran.WRIndLeFA_00046287
BO 13
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009111
EFTA_00156896
EFTA01289259

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
October 1,2017- October 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings ( continued)
Unrealized &anted Whaled
OeleAcquited Nudity Unit Cog Cog Bags Market Price Market VA e Gainlloss *snug Income `field
EQUITIES (continued)
Common Stocks (continued)
BROADCOM LTD 545151111 S69999014823 (continued)
Total Covered 4,000.000 985131 46 1,055,640.00 69,708.54 16,320 00
Total 4,000.000 $985,931.46 $1.055,640.00 $69.708.54 $16,320.00
ACVANCED MICRO DEVICES INC COM Security Identifier: AMO
Dividend Oplion: Cash CUSP 00790397
20.000.00 of these shares are in your margin account
09/15/17 20,000.000 12.3010 246,012.36 10.9850 219.700.00 -26,312.36
ALIBABA GROUP HIM LTD SPONSORED ADS Security Menlifier. BABA
101U SO SO9W927 CUSP. 0509W 1:12
Dividend Option: Cash
06/10/15 5.000.000 88.9500 111.719.00 184.8900 924.450.00 179.701 00
APOLLO GLOBAL M GM T LLCCL A StIS Security Weril Wier APO
Dividend Option: Cash CUSIP 03762306
03/29/11 " 3 263.157.000 19.0000 4.999.983.00 31.5800 8.310.498 06 3.310.515 06 476.314.17 5.73%
APPLE INC COM Security Identifier: AAPL
Dividend Option: Cash CUSP:037833100
09105114 38.180.000 98.9500 3,777,912.53 169.0400 6,453,947.38 2676,034 85 96,213.60 149%
09/05114 3 7,200.000 98.9500 712.140.29 169.0400 1.217.088.20 504.617.91 18,144.00 1.49%
09105114 3 18,620.000 98.9500 1,842,449.74 169.0400 3,147,524.64 1,305,074.90 46,922.40 1.49%
01/11/16 250.000.000 99.0000 24.750.006.00 169.0400 42.259.999.78 17.509.993.78 630.00010 1.49%
Total Covered 314,000.000 31,082,808.56 53,078,560.00 21,995,751.44 791,280 00
Total 314,000.000 $31,082,808.56 $53,078,560.00 $21,995,751.44 $191,280.00
BA% SE SPONSADR Security Identifier: BASFY
1011150552625057 CUSP 055262505
Dividend Option: Cash
01/13/15 20.000.000 25.4030 508.056.00 27.5000 550.000 00 11.944 00 12.092 12 219%
BIOGEN IDEC INC COM &aunty 'daffier BUB
Dividend Oplion: Cash CUS1P.09062X03
02/11/12 2.095.000 110.2720 231.01915 311.6600 652.927.70 421.908 05
Page 7 of 23
Rated ticellent Clewing Heater Pecan LLC • ~yawned
" 1638°KFIDO trey Year Since 2007 sobsidiary of The Wankel Mew York Mellon
AL- OMAR PAITO COMMUNICATIONS Ono-ream (MY Mellon)
EXCLUINCI Pen. 'mg 11.C. ertretty HMV.. iWR11111%•.40-00046288
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009112
EFTA_00 156897
EFTA01289260

Portfolio Holdings (continued)
Unfilled Edlmated Edkaaled
Date Acquired Quantity US Co! Cog Dais Market Price Market Value Quinton Annul Income Yield
EQU IT IE S (continued)
Common Stocks (continued)
CENTRE CORP DEL COM Security Identifier: CNC
Dividend Option: Cash CUSP: 411561:11
09108114 15,550.000 63.6450 989,679.75 93.6700 1,456.568 50 466,888 75
FACE800K INC CL A Security Idenlifier FB
Dividend Option: Cash CUSP. 3030302
05/17/12 '13 17.500.000 38.0000 665100.00 180.0600 3.151.050 00 2.486.050 00
GILEAD SCIENCES INC Security Identifier. GILD
Dividend Opl ion: Cash CUSP: 3755581)3
02105114 5,000.000 79.2810 396.407.00 74.9600 374.800.00 -21,607.00 10,400.00 2.77%
03107114 3,100.000 79.6120 246.797.00 74.9600 232.376 00 -14,42100 6,448.00 277%
10124117 4.400.000 80.0900 352.395.71 74.9600 329.824.00 -22,571.71 9.152.00 2.77%
Total Covered 12,500100 995,599.71 937,000.00 -58,599.71 26,000.00
Total 12,500.000 5995.599.71 $937,000.00 458.599.71 626.000.00
01JALCOMM INC Security Identifier. %OM
Dividend Opl ion: Cash CUSP. 74752503
09114117 5.000.000 51.1370 255.685.97 51.0100 255.050.00 435 97 11.400.00 4.46%
09/20/17 5,000.000 51.9610 259,806.00 51.0100 255.050.00 4,756.00 11,400.00 4.46%
Total Covered 10,000 000 515.491.97 510,100 00 -5,391.97 22,800 00
Total 10,000.000 6515,491.97 $510,100.00 45,391.97 $22,800.00
VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY
Dividend Option: Cash CUSP:928662303
04/13115 5,000.000 50.8610 254.306.00 37.4900 187.450.00 -66.856.00 1,706.59 0.91%
09/21/17 24,000.000 34.1880 824503.00 37.4900 899.760.00 79,257.00 8,191.66 0.91%
Total Covered 29.000 000 1,074,809.00 1.087.210 00 12,401.00 9.89825
Total 29,000 000 $1,074,809.00 $1,087,210.00 S12.401.00 69,898 25
Total Common Stocks $42,739,140.46 671,933,704.26 629.194.563.80 $1,354.704.54
Preferred Stocks (Listed by expiration date)
GM AC CAP TR I GTO TR PFD SECS SER 2 CPS- Security Identifier: ALLY PRA
8125% FRED ORTLY M ATY-02/6/2040 CALL CUSP. 36160208
ANYTIM E 025 W/30 DAYS BEGINSOVST
Dividend Option: Cash
02122112'" 80,000.000 23.5350 1,882,773.60 26.2600 2,100,800.00 218,026.40 145,152.00 6.90%
Total Preferred Stocks $1,882,773.60 52,100,800.00 $218,026.40 $146.152.00
Page 8 of 23
" 1638'NF R b a a te y d Y G o a u. l S lt i e nc l e 2007 S Cl A ew S in S g . * " e a a m ch e P M e ak w a s N t e i w c , Y a a 'S k t M /o e w ll n o e n d
ID L DALIARPATEDCOINAUNICATIONS Caporaban (IINY Melba)
Caltha Pt/Oita member FihRA.AWOLet9M-00046289
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009113
EFTA_00 156895
EFTA01289261

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
October 1,2017- October 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
jriealized Estimated Editiated
Date Acquired Quantity Unit Cod Cod Bads Market Price arlet Van. e Gair Loss Annual income Yidd
EQUITIES (continued)
Options
CALL 00 QUALCOM IA INC Option Went did: 990ALPSCI
EXP Mr-9052.500 OPTION ROOT: OCOM Underlying Security Identifier OCOM
-501 0 ol these contracts are a short position Underlying Security Price: $5101
09114117' 40.000 1.4860 -7.427.82 1.1700 -5.850.00 1.577 82
CALL 90 QUALCOM IA INC Option Identifier: 1,30ALPBCJ
EXP 119.9055.000 OPTION ROOT: QCOM Underlying Security Idealk r: QCOM
-50.00 01 these contracts are a short position Underlying Security Price: 55101
09/20/17 40.000 0.8710 4,355.89 0.5000 -2.500.00 1,855.89
PUT 90 QUALCOMM INC UP n1747050.000 Option Ideal 990ALPSOU
OPTION ROOT: MOM Underlying Security Identifier: 000M
-001 0 of these contrails ale a shod position Underlying Security Price $5101
09114117' 40.000 1.5130 -7.564.82 12700 -6.350.00 1.21412
09/20/17 40.000 1.1240 4.620.86 1.2700 .6.350.00 -729.14
Total Noncovered -100.000 -13.185.68 -12,700.00 485.68
Total -100.000 413,185.68 412,700.00 $485.68 60.00
CALL 110 SPUR SEP 500 ETF TR TR UNIT Option Id mil Wier. 990AFT223
EXP 21-170255 000 OPTION ROOT: SPY Underlying Security Identifier: SPY
Underlying Security Price:5257.15
09127117 620.000 2.1920 135.879.00 4.6100 285.820.00 149.941.00
CALL 00 GILEAD SCIENCES INC Option Identifier 990AKP6JT
EXP 244085.000 OPTION ROOT: GILD Underlying Security Identifier GILD
-60.00 of I hese contracts area shod position Underlying Security Price 574 96
10/24/17 -60.000 13130 -7,880.81 0.3100 -1.860.00 6,020 81
PUT 100 GILEAD XIENCESINC Option Identifier 990AKP6KH
EXP 2-5.7075.000 OPTION ROOT: GILD Undertying Security Identifier. GILD
-25.00 of these contrads ate a short position Underlying Secunly Price 574 96
10/24/17 • 45.000 1.1500 -7.476.82 2.8000 -18.200.00 -10.723.18
10/24/17 • 40.000 1.1600 4.958.83 2.8000 -16.800.00 -9,841.17
Page 9 of 23
Rated Galls. Clewing through Pershong LW. a %lag owned
" 1638°NFID L bay Year %ice 2007 subsidiary of The Balk el New York Mellon
DALIARIATEDCOMMUNICATIONS Corporalo n (IINY Melba)
LXCGAINCE Pontioat LC. minter iihen.g4q2PM-00046290
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009114
EFTA_00156899
EFTA01289262

Portfolio Holdings (continued)
Unrealized Estimated Edkaaled
Date Acquired Quantity Unit Cog Cog Bags Market Price Market Value Gaintoss Annual Income Yield
EQUITIES {continued)
Opt ions (continued)
PUT 90 GILEAD SCIENCESINC (continued)
Total Noncovered -125.000 -14,435.65 -35,000.00 -20,564.35
Total -125.000 -$14,435.65 -535,000.00 420.564.35 $0.00
CALL 130 GILEAD SCIENCES INC Option Identifier. 990ALHGAB
EXP 4.6.4082500 OPTION ROOT= GILD Underlying &min, Identifier. GILD
45.00 of these contracts area short position Underlying Security Price: 51496
10124117' -65.000 2.0680 -13.443.68 0.5300 -3,445.00 9,998.68
CALL 130 SPQR S&P 500 ETF TR TR UNIT Option Identifier: 990ALK878
EXP 124170254.000 OPTION ROOT= SPY Underlying Security Identifier: SPY
Underlying Security Price:5257.6
09/27/17 500.000 2.6480 132.406.00 5.3900 269.500.00 137.094.00
CALL 130 BROADCOM LTD SUS Option Identifier:990ALCIFII
'SINSSG/9990%823UP 24170250.000 Underlying Security Identifier: AVOID
OPTION ROOT= AVGO Underlying Security Price: 526391
-20.00 of these contracts are a short position
09129117' -20.000 10.3040 -20,608.52 20.1000 40 200.00 -19,591.48
CALL 100 BROADCOM LTD SUS Option Identifier: 992A1.09R4
ISMS S0399906823 EXP 4-5.40260.000 Underlying Security Identifier: AVG0
OPTION ROOT= AVG0 Underlying Security Price' $26391
-20.00 of these contracts area short position
10/13/17 • -20.000 7.8690 -15.738.63 14.0000 -28.000.00 -12.261.37
PUT 90 8ROADC011 LTD SliS Option Identifier:990409M
IS1Nt SG9999014823 DP 2-6-110240.000 Underlying Security Identifier: AVOID
OPTION ROOT= AVG0 Underlying Securely Price:5263.91
-40.00 of these contracts area short position
09/29117 -20.000 11.8430 -23,68544 3.7900 -7.580.00 16,105 44
10/13/17 • -20.000 77790 -15,558.63 3.7900 -7,580.00 7,978.63
Total Noncovered -40.000 -39,244.07 -15,160.00 24.084.07
Total -40.000 439244.07 415,160.00 924,084 07 $000
PUT 90 ADVANCED Al ICRO DEVICES INC Option Identifier: WIALANL
0011 DT g-sirguaoci Underlying Security Identifier: AM()
OPTION ROOT= AMD Underlying Security Price: 99 99
-300.00 of these contracts area short position
10/25/17 ' -300.000 0.8100 -24,293.43 2.1700 -65.100.00 -40,806 57
Page '0 of 23
Rated [smitten Clewing through habil; LLC, • made owned
L-- (my Year Since 2007 sobsidiary of TM Bask el Mew Yalit Mellon
DAMAR RAM COMMUNICATIONS Com-oUlm( MY Wilco) , r .
L‘Ctlittla Perching 11.C.met-tan IthRA:gWah9M—00346291
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009115
EFTA_00 156900
EFTA01289263

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
October 12017- October 31,2017
SOUTHERN FINANCIAL=
Portfolio Holdings (continued)
Unrealized Estimated EdInuiled
Date Acquired Quantity Unit Cog Oast Bads Market Price al riot cake Gainless Annual Income Yidd
EQUITIES {continued)
Options (continued)
CALL 130 TIM E ARNB1I NC NEW COM NEW Option Identifier: 99QAHDGU
EXP 010-10130.000 OPTION ROOT: MX Underlying Security Identifier: MX
Underlying Security Nice: $9829
10113117 10.000 4 5360 4.536.00 2.1000 2.100.00 -2.436.00
PUT DO CURENCYSHARES EURO Option Identifier. 990AHRONU
TR EURO SHS E0 0143-13a112.000 Underlying Security Identifier: FXE
OPTION ROOT: FXE Underlying Securily Nice: $1/238
10/17/17 7.000 0.9100 637.00 1.0400 728.00 91.00
10/17/17 2,593.000 0.9100 235,969.00 1.0400 269.672.00 33,703 00
Total Covered 2.600.000 236,606.00 270.400 00 33.794 00
Total 2,600.000 $236.606.00 $270,400.00 $33.794.00 $0.00
Total Opt ions $348,812.82 $618,005.00 $269,192.18 $0.00
TOTAL EQUITIES $44,970,726.88 $74,652,509.26 $29,681,782.38 $1,499,856.54
Usceelized EdImated alkided
Date Requited Quantity Unit Cod Cod Bads Market Ptice Market Value Gain tots Annual Income Yield
MUTUAL FUNDS 3.00% of Portfolio
+PI/ORGAN FLOATING RATE INCOME FUND Security Wealilia:Si/6X
CLASS' CUSIP. 48415E
Open End Fund
Dividend Opl ion: Reinvest: Capital Gains Option: Reinvest
09/28/17 318.809.777 9.4100 3.000.000.00 9.4300 3.006.376 20 6.376 20 117.041.44 3.89%
Reinvestments to Date 1,028.103 9.4300 9,695.01 9.4300 9,695.01 0.00 377.44 3.89%
Total Covered 319,837.880 3,009,695.01 3,016,071 21 6,376.20 117,418 88
Total 319.837180 $3.009.695.01 $3,016.07121 $6.376.20 6117,418.88
TOTAL MUTUAL FUNDS $3,009,695.01 $3,016,071.21 $6.376.20 $117418.88
Page of 23
Rated ticellent Clewing through Pashas LLC, • May owned
L trey Year Since 2007 SASS." of The Bonk el Mew York Mellon
DAllIAR RAM COMMUNICATIONS Canceabon (MY Mellon)
EXCULINCI Pereira11.C. nen-6n HMV.. tleil. )ha9m—C-"46" 4
"13 CONFIDO
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009116
EFTA_00 [5690 I
EFTA01289264

Portfolio Holdings (continued)
Unrealized Estimated Estimated
Dale AEgSed Quantity UM Coll Cod Bade Makel Nice Market Value Colorists Annual income Yield
EXCHANGE-TRADED PRODUCTS3 00% of Portfolio
WISDOM TREE TR JAPAN HEDGED EQUITY ED Security Identifier: DEJ
Dividend Option:Cash:Capital Gains Option: Cash CUSIP.9771W851
60900.00 of these shares are in year margin amount
12111/13 60,000.000 49.4350 2,966,098.50 58.0700 3,484,200.00 518,101.50 82,234.20 2.36%
TOTAL EXCHANGE-TRADED PRODUCTS $2,966,098.50 $3,484,200.00 8518,101.50 882,234.2D
Unrealized Accrued &limited
Cost Baas Market Value Gain Loss Interest Annual Income
TOTAL PORTFOLIO HOLDINGS $80,407,332.22 8113,410,017 38 830,830,886 41 $305,370 75 $3,446,894.41
Noncovered under the cost basis rules as defined below.
Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth inthe Internal Revenue Code of
1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially
subject to the cost basis reporting rules and may be reported to the IRS on form 1399-B for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as covered. However. if t he account does not receive a 10998. the cost
basis will not be reported to the IRS.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments. or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds. bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as fo the accuracy of thisinformation.
s Unrealized gains and/osses are not reported for securities for which cost basis or market value is not available.
e The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may changeover time and are obtained from sources we believe fo be reliable.
12 Pershing has received updated cost basisinformation, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
13 The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEAS OF PRICE DATE ONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEN ENT DATE
Page '2 of 23
Noted EstrUent Clowns through hobos LC • Moly owned
B010136l s:rt3i0N) (very Year Sine 2007 subsidiary of The in *I New York Mellon
FI D Rrijv AL' DALIAR RATED COMMUNICATIONS Corporation (MY Mellon)
IXCILLINCE P.,,P4n4 tic. ,...may. RA.%WILE,GM_00046293
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009117
EFTA_00 156902
EFTA01289265

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
October 1,2017 - October 31,2017
SOUTHERN F1NA NCIAL LLC
Portfolio Holdings Disclosu. es (continued)
Estimated Annual figures
The estimated annual income (EA I) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.comi disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities: and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Page 13 of 23
Rabid Gottlent Cleanng through Politic 11C.* urlay evened
80101323CSF30020 L Every Year Since 2007 sobsidiary of The Bonk col New Yak Melba
CONFIDOs DALIAR RATED COMMUtisCATIONS CarpontILoLn (MY Mao)
()tallINCE PerI hnx FtrataNselt000 46294
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DS-SDNY-0009118
EFTA_00156903
EFTA01289266

Schedule of Realized Ga is and _osses Curren, Period
Date Date Reeked
Description DNpoad Acquired Dal orlon Disposition Methods Transaction Ouantuy Promos Cost Boils Oak' Loss
Short Term
OSAIC ACQUISITION U 10119117 10/19/17 Covered First In First Out! Sal 6.000.000 60152.59 60.000.00 652.59
CL A 8 T3 WT ESPIONIKY6628
481171
Security Identifier. 662848T1/
TV AZTECASAB DE CV 10130/17 09129117 Noncovered' First In First Out! REDEMPTION 1.871001000 642182.43 643.843.20 -1.160.77
NT REG S 'SINS X60972684954 Original Cost Basic 64314320
7.625%09/S/20 REG DID 09/6/
Security Identifier. P9423F8K4
BP MIDSTREAM PARTNER 10126/17 10/26117 Noncovesef First In First Out! SELL 4,300.000 74,191 79 77.400.00 -3.208 21
LTD PARTNERSHIP INT
Security Identifier. 0556ELV9
HUTCHISON CHINA MEDI 10126/17 10/26/17 Covered First In First Out! SELL 700.000 19191 53 18.550.00 1,441.53
PONSORED ADR
Security Identifies. 44842103
PO GROUP HL0GSINCC 10/05/11 09/29/17 Covered First In First Out! SELL 1400 000 111,991.40 112,000.00 4.60
Security Identifies. 739431133
REV GROUP INC COM 10113/17 10/13/17 Covered First In First Out / SELL 2,700 000 73,417.30 73,575.00 -157.70
Security Identifies. 7495271)7
PUT ADVANCED MICRO 10123/17 09/20/17 Covered First In First Out! EXPIRE OPT SHT -200 000 14,793 65 0.00 14.793.65
1300
Security Identifies 99OAKJYL4
Total Short Term 997,720.69 985,368.20 12,352.49
Long Term
WASHINGTON MUT MTGS 10124111 12/13/13 Noncovered'' REPYMT OF PRIN 1.290.000.000 2254.25 1.724 92 529.33
004-RA2 NIG PASSTHRU CIF CL C- Original Cost Basis:1724.92
8-1VAR RATE 6.994%07/25133
Security Identifies. 939336520
Total Long Term 2,254.25 1,724.92 529.33
Total Short and Long Term 999,97414 987193.12 12181.82
Noncovered under the cost basis rules as defined below.
Generally, securities acquired before 20 11, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as
amended by the Emergency Economic Stabilization Act of 2008. and are marked as "noncovered". Securities marked as 'covered'. were identified as securities potentially subject to the
cost basis reporting rules and may be reported to the IRS on form 1099.8 for the applicable tax year in which the securities are disposed.
Note: In the event where we cannot easily determine the taxability of an account, we may m ark the account as covered. However, if t he account does not receive a 10998, the cost basis will
not be reported to the IRS.
Page '4 of 23
Rated ticelleni Clewing through Penis's LC* Say gonad
bay Yew Since 2007 stIssidiary of Ile in a Nov Y.:4 Mellon
DAUM PATEDCOMMUNICATIONS Corporation (1111Y Aidion)
Dtallffia nentinstiC.freer. FinitA.ZtV€11 __00046295
"1 CONFID
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009119
EFTA_OO 1569O4
EFTA01289267

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
October 1,2017 - October 31,2017
SOUTHERN RNANCIALLLC
Schedule of Realized Gains and Losses Current Period (continued)
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes. especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099.0 or online displays you may have available to
you
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular. there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities. and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments. or principal paydowns. The calculation is based upon the taxpayer
election. type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances. including those
involving foreign bonds, bonds sold short or bonds issued with less I han one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
$ The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099-B
M essages
M UNICIPAL SECURITIESRULEM AKING BOARD®(M SRB®)
INVESTOR EDUCATION AND PROTECTION
An investor brochure that describes the protections available under M SRB rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on
the M SRB w ebsite. msrb.org.
Pershing LLC is registered with the Securities and Exchange Commission (SEC). MSREL FIN RA. and NYSE
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rile 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Page '5 of 23
Rated ticellent Clewing through Prangs LC* tAtoly owned
" 1C3ONFIDO' fray Year Since 2007 sobsidiary a The Bank *I New York Mellon
DAMMAM COMMUNICATIONS CarporatIon (eta Mellon)
LVALLINCI Perchnx 11.C.nwroan fthtto..%WrillteM_00046296
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009120
EFTA_00 156905
EFTA01289268

Activity Summary H, c,)
Cutts lltisPerrod Debits TbisPeiltd Net TIOsPerrod °edits Year-to-Date Debris Year-to-Dere Net Yes-to-Date
Securities
Securities Bought 0.00 4,132,271.37 4,132,211.37 0.00 -13052,869.34 -13.052,869.34
Securities Sold 498.417.87 0.00 498,417.87 2,410,290.83 0.00 2.410.290.83
Securities Withdrawn 0.00 -2,918,997.00 -2,918,997.00 0.00 -34,473,215.50 44,473215.50
Total Securities $498,417.87 411,051,268 37 410,552.850 50 $2.410,290.83 447,526,084.84 445,115,794.01
Dividends and Interest 6280.643.45 42.32 $280,641.13 $2.392,940.91 4124.935.88 $2,268,005.03
Distributions $643,141.48 $0.00 8643,141.48 $1,408,738.12 $0.00 $1,408,738.12
Fees $0 00 425 00 425 00 $0.00 4400.00 $400.00
Taxes Withheld $0.00 $0.00 $0.00 $0.00 46,076.09 $6,076.09
Cash
Withdrawals 000 0.00 000 0.00 -1,132,731.96 -1,132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 41,132,731.96 41,132,731.96
Totals $1.422.202.80 411,051,295.69 49,629,092.89 $6.211.969.86 448.790.228 77 442.578.258 91
Transactions by Type of Activity
Roca& Trade
Sett lemtnr Transaction
Date Dole Activity Type Desaiption Quaint/ Price Accrued Interest Amount Dirrenq_
Securities Bought and Sold
10/02/17 09f28/17 SOLD CLOUDERA INC 002 UNSOLICITED ORDER -1.300.000 17.4600 22.528 47 USD
CLDR
10/02117 09128/17 PURCHASED CLOUDERA INC OOM PROSPECTUS UNDER SEPARATE COVER 1,300 000 16.4500 -21,38500 USO
CLDR
10/02/17 09129/17 SOLD SHORT CALL HO BROADCOM LTD SHSISINISG9999051823EXP -20 000 10.3825 20,608 52 USD
9904109FM 12-15-170250.000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
10/02/17 09129/17 SOLD SHORT POT 130 BROADCOM LTD SHS ISMS S099990%823 RP -20.000 11.9210 23,685.44 USD
9904109RJ 21.170240000 OPTION ROOT: AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
10103/17 09/29/17 PURCHASED TV AZTECA SAB DE CV MEDIUM TERM NT REG S 1,876,000 000 104.0000 -1,966.87 -645,810.07 USD
TAZT4 0013 !SINS X53 972684954 7.625%0911120 REG DM 09fif 13 CLB
YLD 6125 TO MAT FACTOR .3300000000 REM ML
69080 00 AS OF09/29/2017
10/03/17 09129117 PURCHASED BROADCOM LTD SHS $69999014823 BKCM A PERSHING 2,000 El -485.884.78 USD
AVGO AFFILIATE M AKESA MKT IN THISSECURITY 8 ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION YOUR BROKERACTED ASAGENT
Page *6 of 23
Rated Excellent Glenn& tint's,. Pershing LW. a .lay owned
"iroNFIDO beet Year Since 2007 eubudiary of The lank anew York Mellon
L PkIlAlt MUD COMMUNICATIONS Corporation ISNY Mellon)
EXCILLINC( P.:v.1,74 tic. rnn-r,a, ,IliRA.Wpf,acM_00046297
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009121
EFTA_00 156906
EFTA01289269

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
October 1,2017- October 31,2017
(7:curl-wooed PIMA 'drift I l ir
Transactions by Type of Activity (continued)
Roast Trade,
Stillman! Transadlon
Date Dale Adivky Type Description Ouentey Price Acaued inters Amount Currency
Securities Bought and Sold (continued)
10103/17 09129/17 PURCHASED PO GROUP HIDGS INC COM PROSPECTUS UNDERSEPARATE 6.400.000 17.5000 -112.000.00 USD
POG COVER
10105/17 10103/17 PURCHASED CITIZENS COMM UNICATIONS CO SR NT FULLY EXCHANGED 1,000,000.000 100.1000 -3,958.33 .1.004,964.33 USD
FTR3670829 FROM 17453BAX9 7.25% 03(5/9 B/E DTD 03)23)01 YLD
7 046 TO II AT
10110/17 10105111 SOLD PO GROUP HLDGS INC COM UNSOLICITED ORDER ALLOCATED 1.400 000 17.5400 111,991 40 USD
POG ORDER YOUR BROKER ACTED AS AGENT
10/13/17 10111/17 PURCHASED FRONTIER COM MUNICATIONSCORP SR NT FULLY EXCHANGED 1.000.000.000 98.7500 42.027.78 -1.029.533.78 USD
FTR3684517 FROM CUS1P 8 500% 041572081E DTD 04/12/9 YLD 9.068
TOMAT
10/16/17 10113/17 PURCHASED CALL DO TIME WARNER INC NEW COM NEW EXP 10.000 4.5000 4,536.00 USD
990AHOGHJ 046.16@90 000 OPTION ROOT= TWX OPENING
TRANSACTION UNSOLICITED ORDER EXCHANGE LISTED
OPTION
10/16/17 10113/17 SOLD SHORT CALL AO BROADCOM LTD SHSISINK 939999014823 EXP -20.000 7.9475 15.738 63 USD
990ALO9Fil 4.15.4@260 000 OPTION ROOT= AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
10/16/17 10113/17 SOLD SHORT PUT DO BROADCOM LTD SHSISINO SG9999014823 FXP -20.000 7.8575 15,558 63 USD
990ALO9FW 4.15-4@240 000 OPTION ROOT= AVGO OPENING
TRANSACTION UNSOL EXCHANGE LISTED
10/17/17 10113/17 PURCHASED BROADCOM LTD SHS !SINK 939999014823 BKCIT A PERSHING 2000. -500.04668 USD
AVGO AFFILIATE MAKESA M KT IN THISSECURITY & ACTED AS
PRINCIPAL UNSOLICITED ORDER AVERAGE UNIT PRICE
TRANSACTION YOUR BROKER ACTED AS AGENT
10/17/17 10113/17 SOLD REV GROUP INC COM UNSOLICITED ORDER ALLOCATED ORDER •2,700.000 27.2500 73,417.30 USD
REVG YOUR BROKER ACTED AS AGENT
10117/17 10/13117 PURCHASED REV GROUP INC COM PROSPECTUS UNDER SEPARATE COVER 2,700 000 27.2500 -73,57500 USD
REVG
10/1807 10117/17 PURCHASED PUT DO CURBICYSHARES EURO TR EURO SKS EXP 7.000 0.9000 637.00 USD
990AHRONU 046.9@14000 OPTION ROOT= REOPENING TRANSACTION
UNSOLICITED ORDER EXCHANGE USTED
10/18/17 10117/17 PURCHASED PUT DO CURBICYSHARES EURO TR EURO 915 EXP 2.593.000 0.9000 -235,969.00 USD
990AHRONU 049-13014 000 OPTION ROOT= FXE OPENING TRANSACTION
UNSOL EXCHANGE LISTED
Page '7 of 23
N46-023804
Rated [smitten Clewing through Penhirg 11C. a VilayOWIIS
"rolIFIDO L bey Year Since 2007 sobsidiary of The Mak el New Yak Mellon
OMAR MITO COMMUNICATIONS 02000eatIon (MY Melba)
EXCLIAGICI Pe,om LICertn—bn IthRA.RWIfiliwm 00046298
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009122
EFTA_00 156907
EFTA01289270

Transactions by Type of Activity (continued)
Process Trade;
Settlement Trans/Mon
Date Date Adivily Type Description Quality Price Awued Interest Amount Currency
Securities Bought and Sold (continued)
10/19/17 STOCK sair RECEIVED 5000 MRS BASF SE SPONSADR ISINt USD 552625057 RD Alit 15.900.000 000 USD
RAO PC 515117
10120/17 10118/I7 PURCHASED SERVICIN ASTER CO NT 7250% 03/0138 B/E DTD 03/02/98 3000.000 • 1,868.06 .1.049,874.06 USD
SYM GD YLD 6.881TO MAT
10123/17 10119/17 PURCHASED MOSAIC ACQUISITION UNITS1SHSCL A8 13W T EXP 6100 000 10.0000 -60,000.00 USD
MOSC U 'SINS KYG62848 WI PROSPECTUS UNDER SEPARATE COVER
onvu 10119117 SOLO MOSAIC ACQUISITION UNITS1SHSCL A8 13 W T EXP -6.000.000 10.1500 60.652 59 USD
MOSC U 'SINS KYG52848111UNSOL AVERAGE UNIT PRICE
TRANSACTION YOUR BROKER ACTED AS AGENT
onvu Oa 9/17 PURCHASED SERVICEM ASTER CO NT 7.250% 03/0138 WE OTC 0G02/98 350.000 -3,665.28 -367,671.28 USD
SVII CID YLD 6.881TO MAT
10123/17 YOUR OPTION EXPIRED PUT DO ADVANCED MICRO DEVICES INC OOM EXP 200.000 0.00 USD
990AKJYL4 A-20. 70A 00 OPTION ROOT: AM D AM D CLOSING
TRANSACTION
onvu warn PURCHASED SERVICBI ASTER CO NT 7.250% 03/0 /38 BIE DTD 03/02198 80.900 -853.89 44.059 89 USD
SVM GD YLD 6.880 TO MAT
onun onon SOLO SHORT CALL AO GILEAD SCIENCES INC EXP 2447085100 OPTION -60.000 1.3445 7.880.81 USD
990AKPLIT ROOT: GILD OPINING TRANSACTION UNSOL EXCHANGE
LISTED OPTION
10125/17 onvu SOLD SHORT PUT DO GILEAD SCIENCES INC DP21-1075.000 OPTION 15.000 1.1812 747682 USD
990AKP6101 ROOT: GILD OPENING TRANSACTION UNSOI EXCHANGE
LISTED OPTION
onuu onvo SOLO SHORT PUT DO GILEAD SCIENCES INC EXP 2417075.000 OPTION -60.000 1.1898 6.95813 USD
99CIAKP5KH ROOT: GILD OPENING TRANSACTION UNSOL EXCHANGE
LISTED OPTION
onuu onvo SOLO SHORT CALL DO GILEAD SCIENCES INC EXP 4L-9082500 OPTION 15.000 2.0992 13,443.68 USD
990ALMGAB ROOT: GILD OPINING TRANSACTION UNSOI EXCHANGE
LISTED OPTION
onuu onvu PURCHASED EXELA INTER LLC / EXELA FIN INC GTO FIRST PRIORITY SR SECD 2.000.000 000 97.0250 -57.777.78 -1,998,283.78 USD
EXLI4514t9 NT MA 13.000% 07/15/238/ECTD 07/12J17CLBYLD 13701
TOMAT
onuu onou PURCHASED GILEAD SCIENCES INC BKCAI A PERSHING AFFILIATE M AKES A 4,400 000 80.0485 -352,395.71 USD
GILD M KT IN THISSECURITY I ACTED AS PRINCIPAL UNSOLICITED
ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED ASAGENT
own 10/25/17 SOLD SHORT PUT AO ADVANCED MICRO DEVICES INC COM EXP -300.000 0.8200 24,293.43 USD
9904M 2.15.904000 OPTION ROOT: AM D OPENING TRANSACTION
UNSOL EXCHANGE LISTED
10130/17 wow PURCHASED BP MIDSTREAM PARTNERS LP UNIT LTD PARTNERSHIP INT 4.300 000 18.0000 -77,400.00 USD
8PM P PROSPECTUS UNDER SEPARATE COVER
Page 18 of 23
Rated Galls. Clewing through Pews 11C. nib" corned
" 163 63°KFIDO L-- Every Year %ice1007 sebsidiary a The Bank a New Yak Mellor.
DALIARIATEDCOMMUNICATIONS Corporation (1111Y Mellon)
LXCHAINCE PerMint llCarkete incen.da aPM_00046299
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009123
EFTA_00156905
EFTA01289271

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
October 1,2017 - October 31,2017
rIMA 'drift I I I r
Transactions by Type of Activity (continued)
Process; Trade;
Wilma' TraumaIon
Dale Dale Adivity Type Desaiptam ()usably Price Acaued Interest Amount Currency
Securities Bought and Sold (continued)
10130/17 10126/17 SOLD BP M IDSTREAM PARTNERS LP UNIT LTD PARTNERSHIP INT -4.300.000 17.2957 74.191 79 USD
BRA P UNSOL AVERAGE UNIT PRICE TRANSACTION YOUR BROKER
ACTED ASAGENT
10130/17 10126117 PURCHASED HUTCHISON CHINA MEDITECH LTD SPONSORED ADR 700.000 26.5000 -18,55000 USD
HCM PROSPECTUS UNDER SEPARATE COVER
10130/17 10126117 SOLD HUTCHISON CHINA IA EDITECH LTD SPONSORED ADR -700.000 28.6400 19191.53 USD
MCM UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED
AS AGENT
10/30/17 REINVESTCASH INCOME .PM ORGAN FLOATING RATE INCOM E FUND CLASS I 1.028 103 .9,695.01 USD
$HSX 3138097770 SHRSSFIRS PURCH. AT 59.43000 RD 9/26 PD
913014
Total Securities Bought and Sold - U.S. DOLLARS -120,117.99 -7,633,853.50
Securities Withdrawals and Deposits
10/02/17 YOUR ASSET TRANSFERRED ASCENA RETAIL GROUP INC COM 088 TD All ERITRADE -70,500.000 -170,610.00 USD
AMA CLEARING. INC. NC 867730320
10102/17 YOUR ASSET TRANSFERREO FOUNDATION IA EDICINE INC COM Oil TO AM ERITRADE 49.830 000 -1.938.387.00 USD
FMI CLEARING, INC MC 861730320
10/02/17 YOUR ASSET TRANSFERRED SANGAM 0 BIOSOENCES1NC COY 018 TO AM ERITRADE 50,000.000 -810,000.00 USD
SGM 0 CLEARING, INC MC867730320
Total Securities Withdrawals and Deposits - U.S. DOLLARS 0.00 -2,918,997.00
Dividends and Interest
10/10117 FOREIGN BOND INTEREST 300000 BARCLAYS EIK PLC CONTINGENT CAP NT 11,625.00 USD
06739FHK0 'SIM/ US06739Fli KO3 7.750% 04/1/23 B/E DTD 0 At Vit3 CLB
RD 1/06 ED 13/1/17
10112/17 FOREIGN SECURITY DIVIDEND 5000 SHRSGLAXOSUITHKIINE PLC SPONS ADR RD 08111PD 2305.15 USD
RECEIVED 1/4/4
GSK
10116/17 BOND INTEREST RECEIVED 1000000 FRONTIER COM M UNICATIONS CORP SR NT FULLY 42,500 00 USD
35906AAH1 EXCHANGED FROM CUSH'S 500% 04/15/20 B1E (JD 041V I
RD VA PD 13115117
10/20/17 10119/17 INT. CHARGED ON OBIT MARGIN INTEREST FOR 1DEBIT DAYSAV ML 3568125 RATE 4.32 USD
BALANCES 2340 09-28-17 TO 09.28.4
USD999997
Page *9 of 23
Rated familial Claim throve. PeaNng LC. • Say .Ud
BO 101368)6 20 L Every Yew %ice 2007 SSA., of The INA a Mn. Yalt Melba
NFID DA UM PATEDCOMMUNICATIMIS Caporalo n (IINY Melon) ,„..
EXCELLENCE FiontimuCrreente invitn. tleAcqatm-00046300
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009124
EFTA_00 156909
EFTA01289272

H ansact ions by Type of Activity (continued)
Process' Trade;
Settlement Transaction
Cite Dete AdivNy Type Desaiption Quante, Price Acaued Interest Amount Waren,
Dividends and Interest (continued)
10/25/17 BOND INTEREST RECEIVED 400000 WASHINGTON MUT M TG SECS CORP 2004-RA2 MID 3,033.18 USD
939336S20 PASSTHRU CIF a C-11VAR RATE 6194% 07125/33 WE DID
06/0104 RD 09/29 PD 1/25/1
10/30117 FOREIGN BOND INTEREST 176000 TV AZTEC SAB DECV MEDIUM TERM NT REG S 5244.98 USD
P9423FBK4 ISM/ XSO 912684954 1625% 09/1120 REG DTD 09/1/11CLB
RD 1/27 PD /30/17
10/30/17 CASH DIVIDEND RECEIVED 5000000 PM ORGAN CHASE 8 CO DEP SKS REMO 11TH FRI 191,500 00 USD
4662511Hk) SER IRMO TO RIG RT BO 7.900% 04/29/49 BIE DTD
04/23/08 CLB R01/02 PD 30/17
10/30117 CASH DIVIDEND RECEIVED PM ORGAN FLOATING RATE INCOME FUND CUSS I 9 695 01 USD
,PHSX 31809.7770 SHRSRD 1126 PD 1/30117
10/31/17 MONEY AIMET FUND DEDTSCHEGOVT CASH 8,540.15 USD
INCOME RECEIVED
PER232045
Total Dividends and Interest - U.S. DOLLARS 0.00 280,841.13
Distributions
10/25/17 RETURN OF PRINCIPAL 490000 WASHINGTON MUT M 14SECSCORP 2004-RA214 TG 459.05 USD
RECEIVED PASSIIMU CIF CL C-B-1YAR RATE 6 994% 0 7125/33 EVE DTD
939336520 06/0104 RD 09129 PD 1/25117
10/30/17 SECURITY REDEEMED TV AZTECASAB DECV MEDIUM TERM NT REG S 44376600.000 842,882.43 1.130
M11405113 ISMS XS09/2684954 7.625%09/8/20 REG DID 0 9/1/13 MA
SECURITY REDEEM ED
Total Distributions - U.S. DOUARS 0.00 643,141.48
Fees
10/12/17 FEE ON FORBGN DIVIDEND 5000 SHRSGLAXOSMITHKLINE PLC SPONS ADR RID 08/11PD 45.00 USD
WITHHELD AT THE SOURCE 1112/17
GSX
Total Fees - U.S. DOLLARS 0.00 45.00
Total Value of Transactions -120,117.99 -9.629.092.89 USD
The price and quantity displayed may have been rounded.
Page 20 of 23
Rabid Enellent Clewing Heater Periling 11C. a al*, evened
1323C SF30 020 L (very Year Since 007 stadia" of Me Bioko, New York Mellon
CONFIDOs DALBAR RATED COMMUNICATIONS CarpotatIon (MY Wilco)
80 13 (10ILLINCI Per thnx 11.c,..,-tiro FINRAAV Vita&00046301
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DI3-SDNY-0009125
EFrA_00156910
EFTA01289273

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
October t 2017 - October 31, 2017
SOUTHERN FINANCIAL LLC
xed I lc me A nalysis
Bond Quality Bond Maturity Schedule
%of Bond
!WNW
Bond Quaky Merkel Value MatH Value Percent of Axed Income Bond Maturity Martel Valt Mutat Value
A 2,419,620.00 10% lotto 5 years 1,993,780.00 8%
BAA 8,513,750.00 35% 06 to 10 years 2,221,375.00 9%
. Over 10 years 20282,679.38 83%
BA/ Lower 13,088,593.75 53%
Not Rated 475,870.63 2% Total 24,497,834.38 100%
Tntal 24 497 R34 38 inn% 0 20 40 80 80 100
Percentages of bond market values are rounded tot e nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Trades Not Settled
Settlement Trade Activity Accrued Settlement
Date Date Type Deserigion Nana Not Interest Amount
11/02/17 10131/17 Bay J3S INVTSGII MIGTD SR NT 2,000,000.000 99.0650 11,680.56 -1,992.980.56
REDSMit USA29888A853
7250% 04/03/24 WE DM 04103114 CL
11702/17 10/31/17 Bay SERVICSIASTER CO NT 7250% 03/01388/E moo 859.93 -73,665.93
DID 03/02/98 TM 8.880 TO
Total Amount of Trades Not Settled -82,066,646.49
Client Service Information
Your Investment Specula: DU Contact Information
JOSHUA SHOSHAN Telephone Number: (212) 454.4433
280 PARK AVE- 3RD FL
NEW YORK NY 10017
Pager of 23
Rated Cantllent Clewingthrough PenblinI 1C nob* owned
1323CSF30 020 L (wry Year Since 2007 ssisidiary of The Bank ether Yak Mellon
CONFIDgi DALBAR RATED COMMUNICATIONS OnotatIon(UtlY Mellon) 00046302
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) 80 10 LXCILLINCI Perghnx 11.C.mer-tan FIN D RA B A - R S K D EL N G Y M - - 0009126
EFTA_00 15691 1
EFTA01289274

Your Account Informati n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRON IC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
I m rt ant pt. rmati nand Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institutionit acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability.
• This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be • t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award Is very limited.
• The ability of the parties to obtain documents, w itness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
Page 22 of 23
Rated Cacelitnt Clewing through PenblagI IC nib* evened
101323CSF30020 Every Year Since 2007 sabtidiery aMeBeek a New van Mellott
CONFIDOP DALIAR RATIO COMMUNICATIONS Cenceetten (My Man)
LXCILL INCI Panh at 11.C. manta. F tivRa.SR4 VELGOA-00046303
BA
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DE1-SDNY-0009127
EFIA_00 I 56912
EFTA01289275

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
October t 2017 - October 31.2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures (continued)
Important Arbitration Disclosures (continued)
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases:a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(Ill) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07399:
Page 23 of 23
4 Rated banal Chace...through Pershing LC. a 04e/ owned
F D bay Yeas Since 2007 sataldiary of The Bank *IN ew York Wien
DA Wt PATILDCOMMUNICATIONS Corporation any &Woo)
UMIAK PestitteltC.rreente thRA. IfE2t9IVI-0034 6304
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009128
EFTA_00156913
EFTA01289276

a
Deutsche Bank Dtuttzke tank Misfire/felt. halalltmen
Marten Central< *IOW
Oevtiche Oar* Sumeitini
P.O. Box 1776, Baltimore, MD 212O3 Nay Yon Cmce
34, Pot Avenva.)611Flow
Mw %AO
Toll stet
Cern,.
September 1,2017 - 0,2017
Account Number:
SOUTHERN FINANCIAL LLC
6100 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio at a Glance
Tian Period Tear-talkie
Your Investment Specialist. BEGINNINGACCOUNT VALUE $1 12,855,942.83 8117,089,958.28
JOSHUA SHOSHAN Nd Cash Deposits ad Withdrawals 0.00 -1,132,731.96
Nd Securities In/Out of Account 0.00 .31,554218.50
Adjusted Previous Account Value 112,855,912.83 84,383,005.80
Dividends. Interest and Other Income 59,873.71 2,371,573.12
Total Tres Withheld 0.00 43,078.09
Other Transactions 0.00 375.00
Net Change in Portfolio' -2,535.385 04 23 632 303 70
END INGACCOUNT VALUE 5110,380,431.53 5110,380,431.53
Accrued Interest $322.779 74
Estimated Annual Income S2 954 680.79
'Net Change in Portfolio is the difference between the ending account value and
beginning account value alter activity.
Asset Summary
Preset Asset Type Prior Year-End tad Period ThlaPerlod
13% Cash, Money Funds, and Bank Deposits 15.884.445.94 18,075.731 19 14,489,498.42
17% Fixed Income 19,233,099.80 19,128,158.30 19,082,241.51
84% Equities 79,000,010.52 72,528.455.34 70,588,888.80
3% Mutual Funds 0.00 0.00 3,000,000.00
3% Exchange-Traded Products 2,972,400.00 3,123,800.00 3,282,000.00
100% Account Total (Pie Chart) $117,069,958.28 $112,855,942.83 $110,380,431.53
Please review your allocation periodically with your Investment Specialist.
Page 1 of 22
Rated tscellent Clearing through Maly LAC a way owned
beef Yew Since 2C01 stinicliory of *a Bank 41 Now Vie Melba
CONFIDWFAL4 CALOR RA ttD COMMUNICATIONS corporation (MY Mellon
DICILLOCI Paging merit. FINRA.AWN! Se& m_0O34 6305
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OO09129
EFTA_OO156914
EFTA01289277

Summary of Gains and Losses
Realized
This Period Year-to-Die Unrealized
Short-Term Gain! Loss 130321.62 142,450.91 31.240 71
Long-Term Gain/ Loss -798.440.50 -720,699.48 24.793882 91
Net Gain! Loss -667.718.88 -578.248.57 24.824.823.62
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB" ) and other credit institutions introduced' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 10 99 and/ or 104 2 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements. begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Dale Adivity Type Description Amount Bakece
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 0 93% Activity Ending' 0 9/ 29/ 17
09101117 Opening Balance 17,938,889.55 17.938.889.55
09/01/17 Deposit MONEY FUND PURCHASE 136.841.64 18.075.731.19
09/07117 Deposit MONEY FUND PURCHASE 214.661.01 18.290.392.20
09/08/17 Deposit MONEY FUND PURCHASE 134.540.88 18.424.933.08
09/18/17 Withdrawal M ON EY FUND REDEMPTION -240.693.33 18.184.239.75
09/19/17 Withdrawal M ON EY FUND REDEMPTION -261,206.00 17.923.033.75
09/22/17 Withdrawal MONEY FUND REDEM PTION -235,035.60 17,687,998.15
09/25117 Withdrawal MONEY FUND REDEM PTION 1,473.10 17,681,525.05
09/28/17 Withdrawal MONEY FUND REDEMPTION ,192,710.50 17.488.814.55
09129117 Withdrawal MONEY FUND REDEMPTION 4.035.681.25 14.453.133.30
09129117 Deposit INCOM E REINVEST 13,665.12 14.466.798.42
09/29/17 Closing Balance 314,466,798.42
Total All Money Market Funds 314.466.79842
Income and Expense Summary
Current Period Yemeo-Oat
Taxable Non lath Taxable Non Taxable
Dividend Income
Equities 4.212 00 0.00 867,190.19 0.00
M oney M arket 13,665 12 0.00 90,684.64 0.00
Other Dividends 2,700.00 0.00 603,500.00 0.00
Page 2 of 22
Rated (scallent Cloating trough Peal% LC, SIN/ owned
fray Yee/ Since 2C01 "ISSN. atraata New Yak Melon
CONFID DALIAR RATED COMMUNICATIONS Corporation (ONY Mellon)
mama M_00046306
Pttshine entnin FINRA.VAPtilke
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009 130
EFTA_00156915
EFTA01289278

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
September 1, 2017 - Septem ben 30, 2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary (continued)
Oment Period Vette-Date
Yvette Non Taxa Tamble Noe Taxable
Interest Income
Bond Interest 39,296.62 0.00 322,445.78 0.00
Other Interest 0.00 000 103,545.60 0.00
Expenses
Margin Interest 0.00 0.00 0.00 4.31
Withholding Taxes 0.00 0.00 4,076.09 0.00
Fees(Foreign Securities) 0.00 0.00 -275.00 0.00
Total Dividends, Interest, Income and Expenses $59,873.74 60.00 $1,981,015.12 42.31
Distributions
Alternative Investments 0.00 0.00 0.00 364,209.22
Other Distributions 0.00 5,003.31 0.00 22,598.73
Total Distributions $0.00 $5,003.31 $0.00 $408,807.95
Portfolio Holdings
Account Adivey Denn9 thing Awued Income 304)ny Current
Opening Dim OulatIty Number Biding Bin Ulna MOM ThisYeer Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 13.00% of Portfolio
Cash Balance 138,811.81 0.00
Margin Balance 0.00 2,100.00
Money Market
DEUTSCHE GOVT CASH INSTL
09101117 14,466,798.420 N/A 09129/17 17,938,889.55 14,486,798.42 370.42 90,884.64 0.93% 0.93%
Total Money Market $17,938,889.55 $14,466,798.42 $370.42 $90,684.64
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS 618,076,731.19 $14,469,498.42 $370.42 $90,684.64
Page 3 of 22
Rated tialket Chung VVOUgh haft LC, ,.Rely ("mod
Cron, Year loge 2007 stinicliory et the Barka Now Yee Meta
CONFIDNVAL4- m DA a UM m PA a t ill COMUNICA11O16 Corporation (ONY Melee) 00046307
holing 11.C. mends FINROARttiftelt
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009131
EFTA_00156916
EFTA01289279

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Estimated EdInuiled
Date Acquired Quantity Unit Cost Cost Basis Market Price Market Value Gainless Annual Income Yield
FIXED INCOME 17.00 % of Port folio fin Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON MUT MTGSECSCORP 200CRA2 Security Weedier:939336620
MTGPA%1HRUCTF C1 C-B-1VAR RATE
7.737% 07/25/338/FDIC 0610104
Factor: 040339806 Effective Date:09109V
Current Face Valve. 520.383.497
12/13/13 '?° 1290,000.000 76.5190 398.190.20 91.6710 477,040 76 78,850 56 3,243.69
Original Cost Basis: $638,906.71
Total Asset Backed Securities $398,190.20 $477,040.76 $78,850.56 93.243.69 $0.00
1.290.000.000
Total Current Face Value: 520,383.497
Corporate Bonds
BARCLAYS BK PLC CONTINGENT CAP NT Security Identifier: 06739FHKO
INNS US06739FHK037.750% 04110/23 B/E
DTD 04IINS CALLABLE04/1MS P Rating BB+
04/03/13 " 2-13 300.000.000 100.0000 300.000.00 102.7500 308.250.00 8250.00 10.919.17 23.250.00 7.54%
Original Cost Basis: $300.000.00
,PM ORGAN CHASE& CO DEP SHSREPSTG Security Identifier. 46625HHA1
113TH PFD SER 1FIXED TO RIG RT BD
7.900%04/29/49 WE DID 04/23/08M oody Ealing BAA3S& P
Rating BBB-
06/15/11 ..3.12 2.500.000.000 107.5000 2.687.500.00 103.0000 2.575.000 00 -112.500.00 82.291.67 197,500.00 7.66%
Original Cost Basis: $2687,500 00
06/15/I 1 .3C 2,500,000.000 107.0000 2,675,000.00 103.0000 2.575.000.00 -100,000.00 82,291.66 197,500.00 7.66%
Original Cost Basis: $2.875.000.00
Total Noncovered 5,000,000.000 5,362,500.00 5,150.000.00 -212.500.00 164,583.33 395,000.00
Total 5,000,000.000 $5,362,500.00 95,150,000.00 -$212.500.00 $164,583.33 $395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Muddier: 060505078
SHS FIXED TO FLOAT 8125% 04/30/58 WE
DID 04/30/08 CALLABLE057'6MM oody Rating BA2 S 8 P
Rating BB+
01/10111 .•3-12 2,000,000.000 102.7500 2055,000.00 103 1250 2,062.500 00 7,500 00 60,937.50 162,500.00 7 87%
Original Cost Basis: 52,055,000.00
Page 4 of 22
Rated (scant Cloning through PerstArs LC, mealy owned
(rat MY Sffice 2CO1 sticliary ores Bark er New Yak Megan
CONFIDO. DALIAR RA TED COMUNICATONS Corporation (IINY Mellon)
()remora 00046308
Pershing lit. mortar MRA.VAPteteM-
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009132
EFTA_00156917
EFTA01289280

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
September 1, 2017 - Septem ber 30, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Adjusted „sleazed Aimed Salted Estimated
Date Acquired Quantity Unit Cod Cad Rads Market Price ci at).el ValLe Gainless lateral Maud lama Yidd
FIXED IN COM E (continued)
Corporate Bonds (continued)
SOUTHERN CALIF EDISON CO PREF SER E Security Identifier: 842400 FU2
6250% 0117/62 BJE OTC 0 $17/2
CALLABLE02101220 DO 000M oody Rating BAA1S8 P Rating
BBB-
01130112'•J° 3.000.000.000 99.8730 2.996.200.51 111.2500 3.337.500.00 341,299.49 30.729.17 187,500.00 5.61%
Original Cost Basis:12,992864.97
GENERAL ELEC CO GTD FX0 TO- FLTG RT Securdy Identifier 3696048M 4
NON-CUMULATIVE PERPETUAL PREFERRED
4.000% 12/03/65 REG OTD 12/03P5Moody Rating A3 S8 P
Rating A
12/03/15 2,469,000.000 88.0930 2,175,016.17 98.5000 2,431,965.00 256,948.83 28,805.00 98,760.00 406%
Original Cost Basis: $2,175,01.17
sLLOYDS8ANKING GROUP PLC FXD RATE RESET Seemly Identifier 539439AG4
ADDL TIER 1SECS ISM/ US5394394642
7.500% 04/27/88 DIE DTD 0410711058 P Rating BB-
Please ()tondo 1,903,000.000 N/A Please Provide 112.1250 2,133,738.75 N/A 1,189.38 142,725.00 6.68%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier:172967,25
5.950% 08/6/88(3/E DID 08112/15
CALLABLE0816/20 0 00.000M oody Rana) BA2 P Riling
BB.
06/06/15 3,000,000.000 100.0000 3,000,005.99 105.3750 3,161,250.00 161,244.01 22.312.50 178.500.00 5.64%
Original Cost Basis: $3,000,006.00
Total Corporate Bonds $15,888,722.67 $18,585,203.75 $562,742.33 1319.536 05 $1.188.235 00
17.672.000.000
TOTAL FIXED INCOME $16.286,912.87 $19.062,244.51 5641,592.89 $322.179.74 11.188.235 00
18,962,000.000
Page 5 of 22
Rated (Kele% Cleating through Pershing lit. a away owned
(rev Year Sect 2001 stinithory a the Banta New Yak Melton
CONFIDO' DALBAR RATED COMMUNICATIONS Corporation tiny Mellon)
acittu4a nn _00046309
Ftshir c 11C. mat. FINRA.AW Se&
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009133
EFTA_00 [569 IA
EFTA01289281

Portfolio Holdings (continued)
Weiland Estimated Edhaled
Date Acquiied Quantity Unit cocil Cod Buie Market Pace Mallet Value p orlon Annual Income Yield
EQUITIES 64.00% of Portfolio
Common Stocks
ADVANCED MICRO DEVICES INC COM Security Identifier: AND
Dividend Oplion: Cash CUSP. 00790397
20.00000 of these shares are in your margin account
09115117 20.000.000 12.3010 246.012.36 12.7500 255.000 00 8.987.64
ALIBABA GROUP WOG LTD SPONSORED ADS Security Idenlifier. BABA
ISM. USO 509W1327 CUSIP: 0 909W 92
Dividend Oplion: Cash
06/10/15 5000.000 88.9500 444,749.00 172.7100 863,550.00 418,801.00
APOLLO GLOBAL M GM T LLCCL A SliS Security Wenl ifier: APO
Dividend Oplion: Cash CUSP 03762306
03/29/11 •O 263.157.000 19.0000 4,999,983.00 30.1000 7,921,025.70 2,921,042.70 476,314.17 6.01%
APPLE INC COM Security Ideatifier AAPL
Dividend Oplion: Cash CUSP:03783390
09105114 38.180.000 98.9500 3.777.912.53 154.1200 5684.301.76 2.106.389 23 96.213.60 1.63%
09/05/14 3 7,200.000 98.9500 712,440.29 154.1200 1,109,664.18 397,223 89 18,144.00 1.63%
09/05/14 3 18.620.000 98.9500 1.842.449.74 154.1200 2.869.714.25 1.027.264 51 46.922.40 163%
01/11/16 250.000.000 99.0000 24.750.006.00 154.1200 38.529.999.81 13,779,993 81 630,000.00 1.63%
Total Covered 314,000 000 31,082,808.56 48,393,680.00 17,310,871 44 791,280 00
Total 314,000 000 331,082,808.56 $48,393,680.00 617,310,871 44 6791.280.00
ASCENA RETAIL GROUP INC COM Security Idenlifier. AMA
Dividend Oplion: Cash CUSIP.043513t1
01/16/01 •'s 70.500.000 21.2770 1.500.000.00 2.4500 172.725.00 4 .327.275 00
BASF SE SPONSAOR SecuMy Identifier: 8ASFY
ISMS U90552625057 CUSP 055262505
Dividend Oplion: Cash
04113115 5,000.000 101.6110 508,056.00 106.5000 532,500 00 24,444 00 12.092.13 2 27%
BIOGEN IDEC INC COM Security Identifier: FMB
Dividend Oplion: Cash CUSP. 09062%93
02114112 •,s 2.095.000 110.2720 231.019.65 313.1200 655.986 40 424.966 75
CENTENE CORP DEL COM Security Identifier: CNC
Dividend Oplion: Cash CUSP: 595891
09108114 15,550.000 63.6450 989,679.75 96.7700 1 504.773 50 515,093 75
FACEBOOK INC CL A Security Identifier: FB
Dividend Oplion: Cash CUSP 30303611)2
Page 6 of 22
Rated (scant Owing through hat's LAC. a Sbany owned
Cron Year Sffice 2CO/ stinicliary of **Bark of New Yak Mellon
CONFIDO. DAL/AR RATED COMMUNICATIONS Corporation (OM Melee)
occautia Pershing Lit...sends FINRA.AW Si0LAM_00046310
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009134
EFTA_00156919
EFTA01289282

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
September 1,2017 - September 30,2017
SOUTHERN FINA NCIAL tie
Portfolio Holdings (continued)
Unrealized Wheeled Eelkealee
Date Acquired Quantity Unit Cop Cad Bads Mrkei Price Market Valve Gain Lois Maud lame Yield
EQUITIES (continued)
Common Stocks (continued)
FACEBOOK INC CL A (continued)
05/17/12 '.13 17.500.000 38.0000 665.000.00 170.8700 2.990.225.00 2.325.225.00
FOUNDATION MEDICINE INC COM Seciuty Identifier FM I
Dividend Oplion: Cash CUSP. 350465t0
01/13/14 25.000.000 27.5070 687.663.50 40.2000 1.005.000.00 317.336.50
08105114 24,830.000 23.2530 577,373.02 40.2000 998.166.00 420,792.98
Total Covered 49.830 000 1,265,036.52 2,003,166.00 738.129.48
Total 49,830 000 61.265.036.52 $2.003,166.00 5738.129.48 $0.00
GILEAD SCIENCES INC Senility Identifier. GLO
Dividend Oplion: Cash CUSP: 37555803
02105114 5,000.000 79.2810 396,407.00 81.0200 405.100.00 8,693.00 10,400.00 2.56%
03/07/14 3.100.000 79.6120 246.797.00 81.0200 251.162.00 4.365.00 6.448.00 2.56%
Total Covered 8,100 000 643,204.00 656,262.00 13,058.00 16,848.00
Total 8,100 000 $643,204.00 $656,262.00 $13.058.00 $16,848.00
OUALCOMM INC Security Identifier:003M
Dividend Oplion: Cash CUSP: 74752503
09/14117 5,000.000 51.1370 255.685 97 51.8400 259.200.00 3,514.03 11,400.00 4.39%
09/20/17 5.000.000 51.9610 259.806.00 51.8400 259.200.00 406.00 11,400.00 4.39%
Total Covered 10,000 000 515,491.97 518,400 00 2,908.03 22,800 00
Total 10,000.000 $515,491.97 $518,400.00 $2,908.03 $22,800.00
SANGAMO BIOSC1ENCES INC COM Security Identifier: 93110
Dividend Oplion: Cash CUSP. 800677136
05/28/13 t3 50.000.000 8 4440 422.214.00 15.0000 750.000.00 327.766 00
VOU(SNAGEN A GADR (SPONS) Scarily Identifier: VLKAY
Dividend Oplion: Cash CUSP: 928662303
04/13/15 5,000.000 50.8610 254,306.00 33.8050 169.025.00 -85,281.00 1,706 59 1 00%
09/21/17 24,000.000 34.1880 820,503.00 33.8050 811,320.00 -9,183 00 8.191 66 1 00%
Page 7 of 22
Rated boalent Cleating through Pantiles11C. a Sbany owned
beet Year Sege 200/ stidlary Oft...mkt/ New Yak Mellon
CONFIDO. DAIL!, RATED COMUNICATCP6 Com-omelon (MY Mellon)
'Karmic(
Petshift lit. mends FINRA.Pk
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SkDeNMY°-°040603911135
EFTA 00156920
EFTA01289283

Portfolio Holdings (continued)
Unrealized Estimated alirealed
Date Acquired Quantity Unit Cost Cost Buis Market Price Market Value Gain= Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
VOLKSWAGEN A GADR (SPONS) (continued)
Total Covered 29,000.000 1,074,809 00 980,345 00 -94,464.00 9,898 25
Total 29.000.000 $1.074.809.00 3980.345.00 494,464.00 $9,898.25
Total Common Stocks 344.588.063.81 $68.197,638.60 323,609,574.79 $1,329.232 55
Preferred Stocks (Listed by expiration date)
GM AC CAP TR I GTO TR PFD SECS SER 2 CPN- Security Identifier ALLY PRA
8.125% FREO ORTLY MATT-0211/2040 CALL CUSP. 36160208
ANYTIME 025 W130 DAYS DE0NS02/1/1
Dividend Oplion: Cash
02122112'." 80,000.000 23.5350 1,882,773.60 26.4909 2.112.000.00 229,226.40 145,152.00 6.87%
Total Preferred Stocks $1,882,773.60 52,112,000.00 5229,226.40 3145,152.00
Opt ions
PUT DO ADVANCED MICRO DEVICES INC Option Identifier 9904KNIA
COM EXP D-20-17013000 Undeilyieg Secardy Identifier AMO
OPTION ROOT= AMO Underlying Security Price 32.75
-200.00 of these contracts are a short position
09120117 • -200.000 0 7400 -14,793.65 01400 -14.800 00 535
CALL DO QUALCOM IA INC Oplion Identifier: 990ALP13CI
EXP D4.4052.500 OPTION ROOT: OCOM Underlying Security Identifier OCOM
-50.00 olthese contracts area short position Underlying Security Price: $5184
09/14/17 -50.000 1.4860 -7A27.82 1.5609 .7.800.00 -372.18
CALL DO QUALCOM IA INC Option Identifier: 990ALPBC1
EXP DV-17055.000 OPTION ROOT= Q0311 Underlying Security 'dent Kier: OCOil
-50.00 of these comfixts are a short position Underlying Security Price: $5184
09120117 ' 40.000 0.8710 4,355.89 0.6900 345000 905 89
PUT DO OUALCOIIM INC DP 13 4.4050.000 Oplion Idenlilier 990ALP8DU
OPTION ROOT: OCOM Underlying Security Identifier OCOM
-130.00 of these mill facts are a shod position Underlying Security Price: $5184
09/14117 40.000 1.5130 -7.564.82 1.0209 -5.100.00 2,464.82
09120117' 40.000 1.1240 4,620.86 1.0200 -5.100.00 520 86
Total Noncovered -100 000 -13,185.68 -10.200.00 2.985 68
Total •100.000 -513,185.68 -510200.00 32.985 68 $0 00
CALL 10 SPORSSP 500 ETF TR TR UNIT Option Identifier: 990AFT223
EXP 24470255000 OPTION ROOT: SPY Underlying Security Identifier: SPY
Underlying Security Price: 525123
Page 8 of 22
Rated (salient Owing through Pershing LC, +hely Owned
(rev Year Sect 2001 att." of Ow Banka New Yak Melon
CONFIDg DALBAR RATED COWAUNICATTOP6 CorporationCONY Melee)
autistic( 00046312
Ptrshinellf.rnenix. FINRA.AW
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009136
EFTA_00 15692 I
EFTA01289284

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
Septem ber 1, 2017 - Septem ber 30, 2017
SOUTHERN FINANCIAL=
Portfolio Holdings (continued)
Untended Estimated Estimates!
Dete Acqtired Quantity Unit Cost End Bans Merkel Rice Market Vdke Winton Annual Income Yidd
EQUITIES (continued)
Options {continued)
CALL 10 SPQR S&P 500 ETF TR TR UNIT (continued)
09/27/17 620.000 2.1920 135.879.00 2.4000 148.800.00 12,921.00
CALL AO SFoRsaPseo ETF TR TR UNIT Option Identifier 990AL1078
EXP 24.40254.000 OPTION ROOT: SPY Underlying Security Identifier: SPY
Underlying Security Price: $25123
09127/17 500.000 2.6480 132,408.00 2.8900 144,500.00 12,094.00
Total Options $228,521.96 $257,050.00 $28,528.04 $0.00
TOTAL EQUITIES $46,699,359.37 $70,566,688.60 $23,867,329.23 $1,474,384.55
Unseated &awed Estimated
Dole Aconites! Ninny Unit Cosi Cod Beds Merkel Price Minket Value Omiarlos Maud Income Yidd
MUTUAL FUNDS 3.00% of Portfolio
SAORGAN FLOATING RATE INCOME FUND Security Wentifier SAS%
CLASS I CUSIP 4821.51
Open End Fund
Dividend Option: Reinvest: Capital Gain Option: Reinvest
09128117 318,809177 9.4100 3,000,000.00 9.4100 3,000,000.00 0.00 119,142.40 3.9716
TOTAL M UT UAL FUNDS $3,000,000.00 $3,000,000.00 $0.00 $119,142.40
Unmated Estimated Eslimaled
Dale Acquired Ovatity UnN Cod Cod Bait Market Prke Market Value Colman' Annual Income Yield
EXCHANGE-TRADED PRODUCTS 3.00% of Portfolio
WISDOM TREE TR 81PAN HEDGED EQUITY FD Security Identifier DM
Dividend Option: Cash Capdal Gains Option: Cash CUSP.97717W851
60,000.00 of these stores are in year margin meant
12111113 60,000.000 19.4350 2,986,098.50 54.7000 3282,000.00 315,901.50 82,234.20 2.50%
TOTAL EXCHANGE-TRADED PRODUCTS $2,986,098.50 $3,282,000.00 $315,901.50 $82,234.20
Undated Accrued Estimated
Cod Bads Markel Value Gannets Intend Anneal Income
TOTAL PORTFOLIO HOLDINGS $83,421,869.16 $110,380,431.53 $24,824,823.82 $322,779.74 $2,954,88019
Page 9 of 22
Rated (salient Cleatins through Perstft 11.0. a Mai aimed
bent Year Sffice 20O1 stinithory of Ow Banked Nom York Mdoa
CONFIDWITAL4 DAIL!, RA TED COMMUNICATORS Corporation (ely Medial
CUISILDICI Pennine11C. megrim rinenSAWYnkeM-00046313
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DS-SDNY-0009137
EFrA_00 156922
EFTA01289285

Portfolio Holdings (continued)
Noncovered under the cost basis rules as defined be/ow.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended
("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered.- under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicabletax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 12011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
o The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
a Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
a The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEAS OF PRICE DATEONLY APPEARSW HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EM) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable, however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www pershing.com/ disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
Page '0 of 22
Rated boalent Cloning through halts LAC a al,* al
buy Yea/ Since [CO! sticliary of *a Bark New Yak Mellon
CONFIDg DAIL!, RATED COMMUNICATIONS Corporation (WY PASO
DtallUla Pershing Lit.m tnin MiRA.PAlle:PM_00046314
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OOO9138
EFTA_OO 156923
EFTA01289286

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
September 1,2017 - September 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Reinvestment {continued)
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts. please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge. or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy. completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions. regardless of the cause. or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for
investment purpose Credit ratings should not be relied upon as investment advice.
Page " of 22
Rated [bulked Cleating through Peal% LUC a away owned
bery Yew S.ritt 2C0/ adosidiary elfinBark a New Yak Mellon
CONFID DALBAR RATED CONMUNICATTOP6 CorporationMY Mellon)
ciccatita 00046315
Ptrshirctlf.rnenix. FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009139
EFTA_00 156924
EFTA01289287

Schedule of Realized Gains and Losses Current Period
Date Dale Realized
Descaption Dhpoad Acquired Designation Disposition Method, Tiansidion Oman Roast Dot Basis (aloes
Short Term
CLOUD ERA INC COM 09/28/17" 09/28/17 Covered first In First Out! Sal 1.300 000 22.528.41 21.385.00 714317
Security Identifier 139111/1)0
CALL CURENC YSHARES 09/07/17 07119/17 Covered first In First Out! 150.000 134.540.88 36106.00 98,531.88
11300
Security Identifier. 990AK91X
PUT CURENCYSHARES 09/18/17 07119/17 Covered first In First Out / EXF1RE OPT SHT 450.000 31.043.27 0.00 31143.27
MOO
Security Identifier 990AKEP1
Total Short Term 188,112.62 57,391.00 130,721.62
Long Term
ACVERUM BIOTECHNOLOG 09/21/11 04120115 Covered first In First Out! SELL 10100.000 32,583.73 398,606.00 -366.022.27
Il
Security Identifier. 00773U1313
ALUM/ SE SPONS AR 09/21/17 04113115 Covered first In First Out/ SIll 5.000.000 110.524.69 90.05610 20168.69
10 SW
Security Identifier. 0 180511
BIOVERATIV INC COM 09/21/17 02114/12 Noncovered* first In First Out! SBA 1.041.000 59.259.41 19.42612 39.83315
Security Identifier. 09075E00
DISH NETWORK CORP CL 09121/17 06/10115 Covered first In First Out / SELL 5.000.000 266.933.20 364.97810 .99.044.80
Security Identifier 25470 lil 19
GLAXOSM ITHKUNE PLC 09/21/11 06/10/15 Covered first In First Out / SELL 5.000.000 201.787.33 215.00610 .13.218.67
Security Identifier. 377331115
GOOADDY INC CL A 09101/17 04101/15 Covered first In First Out! SELL 700.000 31,336.27 14,000.00 11,338.27
Security Identifier. 380237137
SANTANDERCONSUMER U 09/01/11 01/23/14 Covered first In first Out / SELL 1.000.000 14.21316 24,000.00 1.126.34
NC COM
Security Identifier. 8028311131
TWITTERING COM 09/01/11 11101/13 Covered first In First Out! SELL 1.500.000 25.358.41 39.00010 .11641.59
Security Identifier. 9014102
VIACOM INC NEW CL 6 09101/17 06110115 Covered first In First Out! SELL 5,000.000 143,690.67 338,745.00 ,195,054.33
Security Identifier 92553P201
Page '2 of 22
Rated (scallent ClwIc through Pershing1M, Many owned
Cron Year Lace 2O0/ stinicliary Oft Bark of New Yak Mellon
CONFIDg DAL/AR RA TED COMMUNICATORS Corporation (ONY maw
orcaLura Pershing 11.C. mtnin FiNRA.VAPteteM_00046316
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009140
EFTA 00156925
EFTA01289288

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
Septem ber 1, 2017 - Septem ber 30, 2017
SOUTHERN FINANCIAL LLC
Schethile of Realized Gains and Losses Current Period (continued)
Date Dale Realized
Croseription Mewed Ai:puked Designation Otmoellion Method Tieeeadlon Quellly Roceeds Cod Me Geletiloss
Long Term (continued)
WASHINGTON IA LIT BIG 09122117 12113113 Noncoveted. REPYM T OF PAM 1.290.000.000 40,294.65 30.833.06 9.461.79
0044(A2 MTG PASSTHRU CTF CL Cr Original Cost Basis: 30,633.06
41VAR RATE 7.737%07125133
Security Identifier: 939336520
WISDOM TREEINVTSINC 09121/17 03131115 Covered Fret In File Out f SEM 15,000 000 135,322.80 324,157.50 -188,834.70
Security Identifier 97717P1)4
Total Long Term 1,060,367.08 1,858,807.58 -798,440.50
Total Short and Long Term 1,248,479.70 1,916,198.58 467,718.88
• Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986. as amended ("IRC)
(incorporating amendments enacted by P.L110.34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore, considered "noncovered," under the new cost basis reporting
rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the
new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1. 20 11
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 20 14.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1399-8 or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Page '3 of 22
Rated (Eclkot Clearing through harts LC. a Sbaly owned
hay Yea, Sege 200/ stinicliory of Mn Barka New Yak Melba
CONFIDOWAL4- DALLURATED COMMUNICATIONS Corporation (MY Wien)
DICILLUICI Paging 11C. motel FINROARtlYeLelt00046317
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DI3-SDNY-0009141
EFTA_00 156926
EFTA01289289

Schedule of Realized Gains and Losses Current Period (continued)
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds. bonds sold short or bonds issued with less t han one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
u These shares are unsettled and have been recently disposed. You will also see these shares on the Portfolio Holdings section until this transaction has been seffied.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099-8.
M essages
Pursuant to the Securities Exchange Act of 1934, Pershing LLC (Pershing). a BNY Mellon company, provides individual investors with certain financial information on a semi-annual
basis.
Pershing's June Statement of Financial Condition is now available. On June 30, 2017, Pershing's net capital of $2.28 billion was 13.79% of aggregate debit balances and exceeded the
minimum requirements by 51.95 billion.
Pershing is also required to provide the most recent financial information as of this statement mailing. In accordance with this requirement, note that on July 31. 2017. Pershing's net
capital of S2.47 billion was 15.12% of aggregate debit balances and exceeded the minimum requirement by 52.14 billion.
A f h ne 3 17 ment of Financial Condition is available at pershing.com/ statement_of_financial_condition.html. You may also request a free. printed copy by calling
or • option 5.
The U S adopted a shortened settlement timeframe beginning with trade date September 5, 2017, for equities, corporate and municipal bonds, and unit investment trusts Moving
from a T+3 to a T+2 settlement cycle provides faster access to sale proceeds, but it also means that funds are due on purchase transactions earlier. This may be a good time to
consider e-delivery of your account documents-including trade confirmations, account statements and more. Ask your advisor or financial institution about how you can set up
e-delivery.
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (At, amounts shown are In base currency)
*edits ThisPeriod Debits ThisPeriod Net ThisPeiiod Credits Yest.te•Date DebilsYear1o•Dete Net Yetto•Dote
Securities
Secwities Bought 9.00 4.865.485.97 x.865.485.97 0.00 4.920.597.97 4.920.597.97
Securities Sold 1,194,376 15 0.00 1,194,376 15 1,911.872 96 0.00 1,911.872 96
Securities Wdhdrawo 0.00 0.00 0.00 0.00 41,554218.50 41,554218.50
Page '4 of 22
Rated li(alent Cloarlas through PerainglI.C. Sbany owned
tan Yew S.ritt 2C0/ adnicliary of OwBarka New Yea Mellon
CONFIDO. DALBAR RATED COMMUNICATIONS Corporation0NY Melee)
00046318
holing 11C. rnendx. FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009142
EFTA_00 156927
EFTA01289290

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
3eptember 1,2017 - September 30,2017
3OUTHERN FINANCIAL LW
Activity Summary (continued)
Credits ThisPetiod Debits ThisPetiod Net TI0sFederf Oaths Year-to-Dale Debt Year4o-Date Net Yea-to-Date
Total Securities $1.194.376.15 44.865.485 97 43,671.109 82 $1.911.872.96 436.474.816 47 434.562,943 51
Dividends and Interest $95,554.99 -$35,681.25 $59,873.74 $2 112,297 46 4124,933 56 $1,987,363.90
Distributions $5,003.31 $000 $5,003.31 $765,596.64 $0.00 $765,596.64
Fees $0.00 $O 00 $000 $0.00 4375.00 4375.00
Taxes Withheld $0.00 $O 00 $0.00 $0.00 46.076.09 46.076 09
Cash
Withdrawals 0.00 0.00 0.00 0.00 -1.132.731.96 -1.132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 41,132,731.96 41,132,731.96
Totals $1.294.934.45 44,901,167.22 43.606.232 77 $4,789.767.06 437,738,933.08 432.949.166.02
Transactions by Type of Activity
Proms' Trade;
Sett kmenl Transaction
Date Date Adivit Type Des:0ption Quantity Price Acaued Intered Amount Currency
Securities Bought and Sold
09/07/17 09101117 SOLD GODADDY INC CIA UNSOLICITED ORDER ALLOCATED ORDER -700.000 44.8500 31438 27 USD
GDDY YOUR BROKER ACTED AS AGENT
09/07/17 09/01/17 SOLD SANTANDER CONSUMER USA HLDGS INC COM UNSOLICITED -1,000 000 14.3400 14,273 66 USD
SC ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT
09/07/17 09/01/17 SOLO TWITTER INC COM BKCM A PERSHING AFFILIATE MAKESA MKT -1.500.000 16.9700 25.358.41 USD
IVOR IN THISSECURITY 8 ACTED AS PRINCIPAL UNSOUCITED ORDER
09/07/17 09101/17 SOLO VbICOM INC NEW CL 8 BKCAI A PERSHING AFFILIATE MAKESA -5,000 000 28.8000 143,690.67 USD
VIAB MKT IN THISSECURITY 8 ACTED AS PRINCIPAL UNSOLICITED
ORDER
09/08/17 09107/17 SOLO CALL DO CURBICYSHARES EURO TR EURO SHS DIP X50.000 3.0000 134.540.88 USD
990AKE.NX 09-15-81)10000 OPTION ROOT: FXE CLOSING TRANSACTION
UNSOLICITED ORDER EXCHANGE LISTED
09/15/17 09114117 SOLD SHORT CALL DO OUALCOMIA INC WM74052500 OPTION ROOT: 50.000 1.5168 7.427.82 USD
990ALF8CI OCOM OPENING TRANSACTION UNSOL EXCHANGE USTED
OPTION
Page '5 of 22
r Rats balk. awing trough Parsed% LAC a Mb* wooed
Every Year Sect 240/ ad:41*m at e»B ark a New Yak Melon
CONFIDg AL DALBAR RA TED COMMUNICATIONS Corporation (MY Melee)
lawn crcitturix Ptrslim 11C. rnente. FI,RA.9 W IVI_00046319
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009143
EFTA 0015692R
EFTA01289291

Transactions by Type of Activity (continued)
Process; Trade;
Settlement Transaction
Date Dole Activity Type Desaiption Quintile Price Awned Interest Amount Currency
Securities Bought and Sold (continued)
09/15117 09114/17 SOLO SHORT PUT AO OUALCOM M INC EXP t1-9-4(150 000 OPTION ROOT: -50.000 1.5442 7.564.82 USD
990ALPSDU OCOM OPENING TRANSACTION UNSOL DCHANGEUSTED
OPTION
09118117 09114111 PURCHASED OUALCOM II INC UNSOL AVERAGE UNIT PRICE TRANSACTION 5000.000 51.0759 -255,685.97 USD
OCOM YOUR BROKER ACTED AS AGENT
09118/17 YOUR OPTION EXPIRED PUT DOCURENCYSHARESEUROTREUROSHSEXP 450.000 0.00 USD
990AKE.151 09-15-17Q le 000 OPTION ROOT: FXE EKE CLOSNG
TRANSACTION
09118/17 YOUR OPTION ASSIGNED PUT DO ADVANCED MICRO DEVICES INC COM UP 200.000 0.00 USD
990AK4IAA 09-6•17013.000 OPTION ROOT: AM DAM C CLOSING
TRANSACTION
09119/17 09115/17 PURCHASED ADVANCED M ICRO DEVICES INC COM ACCT OPT ASSIGNED 20.000.000 13.0000 -261/06.00 USD
AM D OPTCUSP990AK4LAA
09/21/17 09120/17 SOLO SHORT PUT 130 ADVANCED MICRO DEVICES INC COM DtP -200.000 01500 14,793.66 USD
990AKJY1.4 A-20.9@13.000 OPTION ROOT: AM D OPENING
TRANSACTION UNSOL EXCHANGE LISTED
09/21/17 09120/17 SOLO SHORT CALL AO OUALCOMM INC UP 1417-17055.000 OPTION -50.000 0.8824 4.355.89 USD
990ALP9C-I ROOT: OCOM OPENING TRANSACTION UNSOL EXCHANGE
LISTED OPTION
09121/17 09120117 SOLD SHORT PUT DO OUALCOM M INC EXP 11-17-17050 000 OPTION ROOT: -50.000 1.1554 5.620.86 USD
990ALPSDU OCOM OPENING TRANSACTION UNSOL EXCHANGE USTED
OPTION
09/22/17 09f20/17 PURCHASED OUALCOM M INC UNSOL AVERAGE UNIT PRICE TRANSACTION 5,000.000 51.9200 -259.806.00 USD
OCOM YOUR BROKER ACTED AS AGENT
09125/17 09121/17 SOLO ADVERUM BIOTECHNOLOGIES INC COM UNSOLICITED ORDER -10600.000 3.2990 32,583.73 USD
ADVM AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
09/25/17 09121/17 SOLO ALLIANZ SESP:MSMIRREPS% VD SliS UNSOLICITED ORDER -5,000.000 22.1466 110.524.69 USD
AZSEY AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
09/25/17 09121/17 SOLO BIOVERATIV INC COM UNSOUCITED ORDER AVERAGE UNIT .1,047.000 56.6541 59,259.47 USD
BIVV PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
09/25/17 09121111 SOLD DISH NETWORK CORP CL A UNSOLICITED ORDER AVERAGE -5000.000 53.2290 265,933 20 USD
DISH UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT
09125/17 09121111 SOLD GLAXOSMI T HKUNE PLCWOWS4DR UNSOLICITED ORDER -5,000.000 40.3996 201,787.33 USD
65K AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
09125/17 09121/17 PURCHASED VOLKSWAGEN A G ADR SPONSI UNSOL AVERAGE UNIT PRICE 24.000.000 34.1473 -820.503.00 USD
VIKAY TRANSACTION YOUR BROKER ACTED ASAGENT
Page 16 of 22
Wee tacelkee Owing trough Perstang LI.C. a twiggy owned
bay Year Sect 200: stinicliary of the tart el New Yak Mellon
CONFIDg DAIMA PA ttl) COMUNICATONS corporatesMy Melee)) a
actuoict Pttshing 11.C. mends FINRA.AW !R&M_00046320
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009144
EFTA 00156929
EFTA01289292

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
ieptember 1,2017 - September 30,2017
3OUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Proms; Trade;
Stillwell Transaction
Date Dale Activity Type Description Quality Price Accrued Interest Amount Currency
Securities Bought and Sold (continued)
09/25/17 09/21117 SOLD WISDOMTREE INVIS INC COM (*CM A PERSHING AFFILIATE •15.000.000 9.0621 135.322 80 USD
WETF MAKESA II KT IN THIS SECURITY 8 ACTED AS PRINCIPAL
UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION
YOUR BROKER ACTED AS AGENT
09/28/17 09127/17 PURCHASED CALL 130 SPQR S&P 500 Elf TR TR UNIT E(P121-111)255 000 620.000 2.1615 -135,879.00 USD
990AF12Z3 OPTION ROOT: SPY OPENING TRANSACTION UNSOL COVERED
EXCHANGE LISTED
09128/17 09127/17 PURCHASED CALL AO SPDR S&P 510 ETF TR TR UNIT Ego 12-5-170254 000 500.000 2.6180 -132.406.00 USD
990ALK87EI OPTION ROOT: SPY OPENING TRANSACTION UNSOL COVERED
EXCHANGE LISTED
09129/17 09128/17 PURCHASED 'MORGAN FLOATING RATE INCOM E FUND CLASS I HOLD PERS 318,809 777 9.4100 .3,000,000.00 USD
PHSX REV S UNSOLICITED ORDER NN4G023804
Total Securities Bought and Sold - U.S. DOLLARS 0.00 -3,671,109.82
Dividends and Interest
09/25/17 BOND INTEREST RECEIVED 490000 WASHINGTON MUT M TG SECS CORP 2004-RA2 M TG 3.615 37 USD
939336$20 PASSTHRU CTF Cl.C-8-1VAR RATE 7,737% 07/25/ 33 B/E DTD
06/0104 RD 08131PD 09/25/11
09/27/17 FOREIGN BOND INTEREST 903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL 35,681 25 USD
5394 39AG4 TIER 1SKS ISMS US539439AG42 7.500% 04127/88 WE DTD
04/07114 CLB RD 09/4 PD 0912 7(17
09/27/17 FOREIGN BOND INTEREST 903000 LLOYDS BANKING GROUP PLC RD RATE RESET ADDL 35,681 25 USD
539439AG4 TIER 1SECS ISMS US539439AG42 7.500% 04127/86 BIE DTD
04/07/14 CLB RD 09/26 PO 09/27/17
09128/17 09127117 BOND INTEREST ADJUSTIA ENT 903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL -35.681 25 USD
539439A64 TIER ISECS ISINI US539439AG42 RD 09/12 PD 09/27/1? REV
DUPLICATE
09/28/17 CASH DIVIDEND RECEIVED 890 SHRSGILEAD SCIENCES INC RD 09/9 PD 09/28117 4212 00 USD
GILD
Page 7 of 22
nand (Karol Clueing trout Pershing LC., milbany mend
L fray Veal Since 2C01 abrrilincy of Owner. of New Yak Mellon
CONFIDg 4 Diann RA TED COMMUNICATIONS Corporation (INY PASO
'Amara ntrilinc 11C. mat. FINRA.WAffiliteM_00046321
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009145
EFTA_00 156930
EFTA01289293

Transactions by Type of Activity (continued)
Process Trade.
Settlement Transaction
Date Date Activity Type Description Quantity Price Acaued Interest Amount Cann,
Dividends and Interest (continued)
09129/17 MONEY M ARKET FUND DEUTECHEGOVT CA91 13,665.12 USD
INCOMERECBVED
PER232045
09/29117 CASH DIVIDEND RECEIVED 50000 SHRSWISDOM TREE TRAPAN REDGMEQUITYFDRO 2,700.00 USD
DXJ 09/27 PD 09/29/17
Total Dividends and Interest - U.S. DOLLARS 0.00 59,873.74
Distributions
09125/17 RETURN Of PRINCIPAL 290000 WASHINGTON M UT M %MOSCOW 2004-RA2 TG 5,003.31 UM
RECEIVED PASSTHRU CIF a C-8-1VAR RATE 7/37% 07125/338/E DTD
939336S20 06/0104 RD 01/31P0 091254
Total Distributions- U.S. DOLLARS 0.00 5,003.31
Total Value of Transactions 0.00 -3,606,232.77 UED
The price and quantity displayed may have been rounded.
Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%ol Bond %ol Bond
Bond Quality Martel Value Market Value Percent or Reed Income Bond Maloney Markel Value Market Value
A 2,431,965.00 13% 6 to 10 years 308,250 00 2%
BAA 8,487,500.00 44% Over 10 years 18,753,994 51 98%
BA/ Lower 7,665,738.75 40% Total 19,062,244 51 100%
Not Rated 477,040.76 3%
Total 19,062,244.51 100% 0 20 40 60 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Page 18 of 22
Rated (Kellen( Cleating through MAI% Lit. a vilicayarnal
(rev Year Sect 200/ stinicliary of tlw gal* 41N om York Mai.
CONFIDMVAL DAUM RATED COMMUNICATiOt6 CorporationMy NNW
dawn acrituia kr shim 11C. FINRA.fitWifGM- 00046322
CONFIDENTIAL — PURSUANT TO FED. R CRI6,1 P. 6(e) DB-SDNY-0009146
EFTA_00156931
EFTA01289294

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
September 1,2017 - September 30,2017
SOUTHERN FINANCIAL LLC
Trades Not Settled
Settlement Trade Activity Accrued Settlement
Dale Date Type Description OuntNy Price leterS Amount
10/02/17 09128/17 CLOUDERA INC COW PROSPECTUS UNDER 1,300.909 16.4500 0.00 -21,385.00
SEPARATE COVER
1010 2/17 09128117 Sell CLOUDERA INC COW UNSOLICITED ORD -1,300.000 17.4500 0.00 22,528.47
10/03117 09129117 Buy TV AZTECA SAS DE CV MEDIUM TERM NT REG S 1,876,000.900 104.0000 1,966.87 145,810.07
ISOM XS0972684954 7825%09/V20 REG
DID 0918180
10103/17 09/29/17 Buy BROADCON LTD SIM MN* SC99990%823 2,000.M 0.00 485,884.78
SKY A PERSHING AFFIUATE M AXES A
MKT IN THIS SECURITY 8 ACTED AS PRINCIPAL
UNSOUOTED ORDER AVERAGE UNIT PRICE
TRANSACTION
10/03717 09/29117 Buy PO GROUP HLDGS INC COW 6,400.000 17.5000 0.00 -112.000.00
PROSPECTUS UNDER SEPARATECOVER
10/02/17 09/29117 Shod Sale CALL DO BROADCOM LTD SHS -29.000 10.3825 0.00 20.608 52
ISMS SG99990 1I823 EXP II-4476250 000
OPTION ROOT: AVGO OPENING TRANSACTION
UNSOL EXCHANGE LISTED
OPTION
10102/17 99129/17 Short Sale PUT AD BROADCOM LTD SHS -20.000 11.9210 0.00 23,685.44
ISINI S69999011823 EXP12-15-1/0240.000
OPTION ROOT= AVG° OPENING TRANSACTION
UNSOL EXCHANGE LISTED
OPTION
Total Amount of Trades Not Settled 41,198,257.42
Cient Service I nformation
Your IfI V t$11111111 Specialist ENJ Coated intoimation
JOSHUA SH OSHA N Telephone Number:
280 PARK AVE - 3RD FL
NEW YORK NY 10 017
Page 19 of 22
Rated botlient ClearingthroughPerstargUt.awhollyernwd
hart Yes, Sint 2C0 rAnWiwyeldwiankeINewYwkMdba
CONFIDNVAL DALIAN WED COMMUNICATIONS Comowation(SNYAIOkml
••••• MIMIC( PenhinellC.rnembe. FiNRAVNYELGOA- 00046323
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009147
EFTA_00156932
EFTA01289295

Your Account I nformati n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRON IC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institutionit acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but ass general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability.
• This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department.
One Pershing Plaza. Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents, w itness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
Page 20 of 22
Rated (willent Clearlas through Perstft WC. • Molly owned
hit, Yeti Since 2C0/ sticliory Oft Barka Nom Yak Melba
CONFIDOWAL4-1 DALIAN RATED COMMUNICAMIS Corporation (ONY NNW)
DICILLUICI Pa shim 11C. merit. FINRA.g*IYELGM- 00046324
CONFIDENTIAL — PURSUANT TO FED. R CRINI, P. 6(e) DI3-SDNY-0009148
EV1:4_00156933
EFTA01289296

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
3eptember 1,2017 - Septem ber 30,2017
3OUTHERN FINANCIAL LLC
Important Information and Disclosures (continued)
Important Arbitration Disclosures (continued)
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07399:
Page 21 of 22
Rawd ballast Cloatin through Pershing LLC. a abaft owned
beef Yew Since ICO / adosidiary of the Barka New Yeelt Mellon
CONFID DAL/Alt PAM COMUNICATiOt6 Corporation (OM Mellon
c(contia holing 11C. rnenix. FINRA.AW !R&M_00046325
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009149
EFTA_00 156934
EFTA01289297

TERMS ANDCONDITIONS
TRANSACTIONS • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET MAKER, SPECIALIST, ODD LOT DEALER.
• ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE BLOCK POSITIONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME OF ANY
SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH
INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED.
THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED. OR IF APPLICABLE. OF THE FINANCIAL • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR
INDUSTRY REGULATORY AUTHORITY ANO TO ALL APPLICABLE LAWS AND REGULATIONS. FINANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS
• TITLE TO SECURITIES SOLO TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL SHALL REMAIN AVAILABLE UPON REQUEST
WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT • A FINANCIAL STATEMENT OF PERSHING IS AVALABLE FOR YOUR PERSONAL INSPECTION AT
DATE. WHICHEVER IS LATER. PERSHING'S OFFICES. A COPY OF IT WILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN
• YOU MAY HAVE RECEIVED CONFIRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR VIEW IT ONLINE AT WWW.PERSHING COM,
STATEMENT. IF SO, THE TRANSACTIONS W LL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWVV.PERSHING.COM/DISCLOSURES
TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. • THIS STATEMENT SHOULD BE RETANED FOR YOUR RECORDS.
THIS IS ESPECIALLY TRUE IF YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED.
FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES [REGULATION NMS-
FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S RULE 607(AX1)-(2H
BOOKS OF RECORD. ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS.
PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION
DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES PI YOUR ACCOUNT APPEARS ON THE NETWORKS, OR BROKER-DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED
STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE
FROM TIME TO TIME DUE TO FLUCTUATIONS IN MONEY RATES OR OTHER REASONS. INTEREST IS ACCESS FEES TO PERSHING DEPENDING UPON THE CHARACTERISTICS OF THE ORDER AND ANY
COMPUTED AS DESCRIBED IN MATERIAL PREVIOUSLY FURNISHED TO YOU. PLEASE CONTACT YOUR SUBSEQUENT EXECUTION. THE DETAILS OF THESE PAYMENTS AND FEES ARE AVAILABLE UPON
FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPIES. WRITTEN REQUEST. PERSHING RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW
MARGIN INFORMATION: IF YOU MAINTAIN A MARGIN ACCOUNT. THIS IS A COMINNED STATEMENT OF TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY MID OPTION
YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MAINTAINED FOR YOU UNDER ORDERS TO ITS AFFILIATE. BNY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL
REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT COMPENSATION IS GENERALLY IN THE FORM OF A PER OPTION CONTRACT CASH PAYMENT.
RECORD OF THE SEPARATE ACCOUNT AS REQUIRED BY REGULATION T IS AVALABLE FOR YOUR BEST EXECUTION: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER
INSPECTION UPON REQUEST. FLOW. PERSHNG SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER-THE.
TAX INFORMATION COUNTER AND EXCHANGE-LISTED SECURITES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS.
TRANSMITTED ELECTRONICALLY UP TO A SPECIFIED SIZE. AND TO EXECUTE THEM AT OR BETTER THAN
• AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATON TO THE INTERNAL THE NATIONAL BEST BID OR OFFER (NBB0). ON CERTAIN LARGER ORDERS. OR F THE DESIGNATED
REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITIES AT THAT TIME PERSHING WILL MARKET CENTERS DO NOT MAKE A MARKET IN THE SUBJECT SECURITY. PERSHING DIRECTLY
PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU; USE THAT CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO
STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH
INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. QUALITY OF THEIR EXECUTIONS IN ONE OR MORE MARKET SEGMENTS AND THEIR ABILITY TO PROVIDE
• DIVIDENDS. INTEREST MC OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPERIOR TO THE N880. PERSEING ALSO REGULARLY
AS TAXABLE OR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION REVIEWS REPORTS FOR QUALITY OF EXECUTION PURPOSES.
DATE. THIS CLASSFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS
GENERAL INFORMATION.
• PERSHING DOES NOT PROVIDE TAX. INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE
ASSOCIATED WITH PERSHING IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY
SUCH ADVICE. IF GIVEN. INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO
DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS.
GENERAL INFORMATION
• WHENEVER YOU ARE INDEBTED TO PERSHING LLC (*PERSHING" FOR ANY AMOUNT, ALL SECURITES
HELD BY IT FOR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR
LIABILITIES TO PERSHING. AND PERSHING MAY IN ITS DISCRETION AT ANY TIME. WITHOUT TENDER.
DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR
PRIVATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS:
ANY BALANCE REMAINING DUE PERSHING TO BE PROMPTLY PAID BY YOU.
• WHENEVER YOU ARE ND EBTS) TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR
YOUR ACCOUNT ARE OR MAY 8E. WITHOUT FURTHER NOTICE TO YOU. LOANED OR PLEDGED BY
PERSHING. EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WLL PERMIT THE
COMMINGLING THEREOF. WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN. EQUAL TO OR
GREATER THAN YOUR LIABLMES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT
PROHIBITED BY LAW.
F ANY OF THE ABOVE TERMS MO CONDITIONSARE UNACCEPTABLE TO YOU. REASE NOTIFY PERS-ING IMMEDIATELY IN WRITING BY CERTFIED MAIL TO ONE PERSHING PLAZA JERSEY CITY. NJ 0T399. ATTN. LEON. DEPT
Page 22 o(22
ItMed Exam Char/ft Stough Pershing LLC. • Sbaly coned
hav Yen Since 2CO/ paskliary of the Barka Now Yea Melba
CONFIDWFAL DALLAS RATED COMMUNICATIONS Corporation (SNY Mace)
a OCILLUICI Ptrshine 11C. merit.. FINRA.64,1Y eLelt00046326
CONFIDENTIAL - PURSUANT TO FED. R CRAM. P. 6(e) DB-SDNY-0009150
EFIA_00156935
EFTA01289298

PA
Deutsche Bank Dtutviv. !int Prisatr Mallh lOnsetmeil
Marin, (*.watt (404
0•vtiche Bark St:w.Del
P.O. Box 1776, Baltimore, MD 212O3 Ns. Yon CT ce
30 Pot Att NO. }611 How
Nerd I
Ton ,.
Coect
A ugust 1,2017 - Au ust 31 2017
Account Number:
SOUTHERN FINANCIAL LLC
6 10 0 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio at a Glance
IWuPireled Year-tat/Se
Your Investment Specialist. BEGINNINGACCOUNT VALUE 9106,375,447.56 5117,069,956.26
JOSHUA SH OSH A N Nd Cash Deposes and Withdrawals 0.00 -1,132,731.96
Nd Securities In/Out of Account 0.00 41,554218.50
Adjusted Previous Account Value 106,375,447.56 84,383,005.80
Dividends, Interest and Other Income 571,581.12 2,311,699.38
Total Taxes Withheld 0.00 4,078.09
Other Transactions 0.00 -375.00
Net Change in Portfolio' 5,908,914 15 26,167,688.74
END INGACCOUNT VALUE A2.83 $11
Acciued Interest 8261,687.00
Estimated Annual Income 52,813,035.81
'Net Change in Port folio is the difference between the ending account value and
beginning account value after activity.
Asset Summary
Preen( Asset Type Prloi Year-End Lad Period This Period
16% Cash, Money Funds, and Bank Deposits 15,864,445.94 17,438.124 43 18,075,731.19
IN 17% Fixed Income 19,233,099.80 19,134,601.29 19,128,156.30
I. 64% Equities 79,000,010.52 66,864,721.84 72,528,455.34
Eg 3% Exchange-Traded Products 2,972,400.00 3,136,000.00 3,123,600.00
100% Account Total (Pie Chart) 5117 069 956.26 6106,375,447.56 $112,855,942.83
Please review your allocation periodically with your Investment Specialist
Page'. of
Rated (mtelkot Clowing through Pershing Lig., 4hoDy owned
(ven, Year She 200/ mankliory of tinier. a New Yoh Me4:n
CON FID giTTAL ()MBAR RATED COMMUNICATONS Corporation (MY Melee)
••••• (CCOAINCE Penning L1C. motet FINRA.W t! Se&ne _00046327
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OO09151
EFTA_OO 156936
EFTA01289299

Summary of Gains and Losses
&and
Ms Period Year4o-Ode UmSind
Short-Term Gain/ Loss 0.00 11,729.29 98,980 91
Long-Term Gain! Loss 31,328.05 77.741.02 26.568.650 41
Net Gain! Loss 31.328.05 69.470.31 26,667.631 32
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB" ) and other credit institutions introduced' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 10 99 and/ or 104 2 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements. begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Dale Activity Type Description Amount Balance
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 0 93% Activity Ending' 0813Y 17
08/01/17 Opening Balance 17,438,124.43 17,438.124 13
08/02/17 Deposit MONEY FUND PURCHASE 108.943.64 17,547 068.07
08116117 Deposit MONEY FUND PURCHASE 124.858.00 17,671,926.07
08/17/17 Deposit MONEY FUND PURCHASE 50.832.00 17.722.758 07
08/18/17 Deposit MONEY FUND PURCHASE 197.820.00 17120.578 07
08/22/17 Withdrawal MONEY FUND REDEMPTION -2.31 17,920,575 76
08124117 Deposit MONEY FUND PURCHASE 1,200.00 17,921,775 76
08/28117 Deposit MONEY FUND PURCHASE 3,298.25 17,925 074.01
08/31/17 Deposit IN CO M E REIN V EST 13.815.54 17.938 889.55
08/31117 Closing Balance $17,938,889.55
Total All Money Market Funds $17,938,889.55
Income and Expense Summary
Gwent Period Yewto-0ile
Triable Non Taxable Tangle Non Taal,
Dividend Income
Equities 199,020.00 0.00 862,978.19 0.00
M oney M arket 13.815.54 0.00 77,019.52 0.00
Other Dividends 183000.00 0.00 60010100 0.00
Page 2 of
Rated (Kent.% Owing throush Peal% LLC. Sway owned
(rev Yew S.ritt 200/ ntadrryaeMaarka New Yak Mellon
CONFIDg DALBAR RATED COMMUNICATIONS Co•Pontion(ONY Mellon
mimic oo04632a
Ptrshine 11C. mendsFINRA.AW
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009152
EFTA_00 156937
EFTA01289300

a
Deutsche Bank
PO Box 1776, Baltimore, MD 21203
August 1,2017 - August 31,2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary (continued)
anient Period Yea-to-DM
Tattle NO Taxable Teeth Non Taal*
Interest Income
Bond Interest 3,298.25 0.00 283,149.16 0.00
Other Interest 35.608.00 0.00 103,545.60 0.00
Expenses
Margin Interest 0.00 -2.31 0.00 -2.31
Withholding Taxes 0.00 0.00 4,078.09 0.00
Fees(Foreign Securities) 0.00 0.00 -275.00 0.00
Total Dividends, Interest, Income and Expenses $434,741.79 42.31 $1,921,141.38 42.31
Distributions
Alternative Investments 0.00 136,841.64 0.00 364,20922
Other Distributions 0.00 0.00 0.00 17,595.42
Total Distributions $0.00 $136,841.64 $0.00 $401,804.84
Portfolio Holdings
Account Adivity Cimmil9 Owing Aimed Income 30-Day Current
Opening Dale Quelky Number Wog Bias Ulna Income Thb Year Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 16.00% of Portfolio
Cash Balance 0.00 138,841.84
Money Market
DEUTSCHE GOVT CASH WM
08101/17 17,938,889.550 WA 08131117 17,438,124.43 17.938.889.55 0.00 77,019.52 0.92% 043%
Total Money Market $17,438,124.43 $17,938,889.55 $0.00 977,019.52
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $17,438,124.43 $18,075.731.19 $0.00 $77,019.52
Page 3 of 17
Rated Gott Clearing through Pershing LUC, Sbaly ("mod
Gay Yaw Salle 2007 Snider" of the Bark er New Yak Melba
CONFIDNVAL-41 m DA a W m N P a AT M CCSIMUNICATONS Corporation (MY mace) 00046329
hrshint 11C. ment. FINRA.MOYELM-
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) OS-SONY-0009153
EFrA_00 156938
EFTA01289301

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Estimated Edintaled
Dale Acquired Quantity Unit Cost Cost Basis Markel Price Market Value Gain loss lateral Annual Income Yield
FIXED INCOME 17.0 0 % of Port fo lio (Th Maturity Date Sequence)
6Asset Backed Securities
WASHINGTON M UT MTG SECSCORP 200441A2 Security kleatifier- 939336520
RIG PASSTHRU CTF CA. C-B-I VAR RATE
7.032% 07125133 WE DTD 06101104
Factor:0 13463438 Effective Date:08/01l17
Current Face Value. 560.678.350
12/13/13 .•312 1290,000.000 76.5190 429,023.26 92.5630 518.980.70 89,957 44 3,285.87
Original Cost Basis: $638.906.71
Total Asset Backed Securities $429,023.26 $518,980.70 589.957.11 $3,285.87 $0.00
1.290.000.000
Total Current Face Value: 560,678.350
Corporate Bonds
BARCLAYS BK PLC CONTINGENT CAP NT Security Identifier. 06739FHKO
ISIN$ US06739FHK037.750% 04/10/23 B/E
DTD 04113/I CALLABLE 04I1 3/1358 P Rating BB+
04/03/13 " 2'13 300.000.000 100.0000 300.000.00 103.0000 309.000.00 9,000.00 9.106.25 23,250.00 7.52%
Original Cost Basis: $300,000.00
,PM ORGAN CHASE 8 CO DEP SHSREPSTG Security Identifier: 46625HI1A1
113TH PFD SERIFIXED TO FLTG RT BD
7900% 04/29/49 WE OTD 04/23/08M oody Rating BAA3 S S P
Rating BBB-
06/15/11 .,3-12 2.500.000.000 107.5000 2.687.500.00 103.0000 2.575.000 00 -112.500.00 65.833.34 197.500.00 7.66%
Original Cost Basis: 52,687,500 00
06/15/I 1',d2 2,500,000.000 107.0000 2,675,000.00 103.0000 2.575.000.00 400,000.00 65,833.33 197,500.00 7.66%
Original Cost Basis: $2.675.000.00
Total Noncovered 5.000,000 000 5,362,500.00 5,150,000.00 -212,500.00 131,666.67 395,000 00
Total 5,000,000.000 $5,362,500.00 95,150,000.00 4212.500.00 $131.666.67 $395.000.00
BANK AM ER CORP PERP NON COM ULATIV E DEP Security Identifier: 060505018
SHS FIXED TO FLOAT 8.125% 04/30/58 WE
DTD 04130/08 CALLABLE05/VMM oody Rating Bat S 8 P
Rating BB+
01/10111 .•3-12 2,000,000.000 102.7500 2,055.000.00 103 4000 2,068.000 00 13,000 00 47,847.22 162,500.00 7.85%
Original Cost Basis: $2,055.000.00
Page 4 of
Raed link .% Owing through Perstars LC. a Sway owned
ben Yew Sect 200/ stint." auto Barra New Yak Melon
CONFID 0041144 RATED COMMUNICATTOP6 Corporation (ONY Melee)
acittuta 'taint 11C. rnente. FINRA.f6•46 Se& m_00046330
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009154
EFTA_00156939
EFTA01289302

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
August 1,2017 - August 31,2017
SOUTHERN FINANCIAL LW
Portfolio Holdings (continued)
Adjusted ealeed Acaued Estimated Wonted
Date Acquired Quantity Unit Osa Cost Oasis Market Price Market Value Gain Lon lateral Annual Income Yield
FIXED IN COM E (continued)
Corporate Bonds (continued)
SOUTHERN CALIF EDISON CO PREF SER E Securely Identifier: 842400 FU2
6 250% Offfi62 BIE DID 0 f 17/12
CALLABLE02/0 122 0 130 000Moody Rating BAA1S 8 P Rating
BBB-
01130112'•J° 3.000.000.000 99.8710 2.996.137.11 111.6250 3.348.750 00 352.612.89 15.625.00 187,500.00 5.59%
Original Cost Basis: 52,992,564.97
GENERAL ELEC CO GTD FXDTO•FLTGRT Securely Identiber. 3696048144
NONCUMULATIVE PERPETUAL PREFERRED
4.000% 12/03/65 REG OTD IRO 3P6Moody Rating A3 S8 P
Rating A
12/03115 2,469,000.000 88.0930 2,175,016.17 99.0000 2,444,310.00 269,293.83 20,849.33 98,760.00 4.04%
Original Cost Basis: 52,175,01.17
5LIOYDSOANKING GROUP PLC FXD RATE RESET Securely Identifier: 539439AG4
AD DI TIER 1SECS ISINSUS539439AG42
7.500% 04/27/88 B/E DTD 04107/14S 8 P Rating BR
Please Provide' 1,903,000.000 N/A Please Provide 111.5200 2,122,225.60 N/A 25,373.33 142,725.00 6.72%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier: 4296725
5.950% 08/15/88 8/E DID 08/12/15
CALLABLE0816/20 0 130.0DOM oody Rating BA2 $ P Riling
BB.
08/06115 3,000,000.000 100.0000 3,000,005.99 105.5630 3,166,890.00 166,884.01 7,933.33 178.500.00 5.63%
Original Cost Basis: $3,000,006.00
Total Corporate Bonds $15,888,659.27 $18,609,175.60 $598,290.73 $258,401.13 $1,188,235.00
17.672.000.000
TOTAL FIXED INCOME $16,317,682.53 $19.128,156.30 $688,248.17 $261,687.00 $1,188,235.00
18,962,000.000
Page 5 of '7
Riltd (•02141/4 Cloning trough Pershing LC. a Sbany owned
L- be, Yea. Since 2CO/ stAxidiary of WeBarka New Yak Melon
CONFIDg 4 DAllA4 RATED COMMUNICATIONS Corporation (/NY WOW
camera Petshing11C.rnentt. FINRA.E*PICPM_00046331
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009155
EFTA_00 156940
EFTA01289303

Portfolio Holdings (continued)
Unitaheed Estimated annulled
Date Acquired Quantity Unit coel Cod Basis Market Rix Market Value Gainloss Annual Income Yield
EQUITIES 64.00% of Portfolio
Common Stocks
ADVERUM BIOTECHNOLOG1ESINC Security Idenl diet ADO
COM CUSP. 00773U28
Dividend Oplion: Cash
04/20/15 10.000.000 39.8610 398.60600 2.7500 27.500 00 471.106 00
ALIBABA GROUP HIM LTD SPONSORED ADS Securely Identifier. MBA
1911* USO 209W1327 CUS1P: 0 209W 22
Dividend Oplion: Cash
06/10/15 5.000.000 88.9500 444,749 00 171.7400 858.700 00 413,951 00
ALLW12 SE SPONSADR REPSTG Y9 SHS Securely Identifier: JOEY
Dividend Oplion: Cash CUSP:01180591
04/13/15 5.000.000 18.0110 90.056 00 21.4000 107.000 00 16,94400 3.054.30 2.85%
APOLLO GLOBAL M GM T LLCCL A SHS Security Wollner: APO
Dividend Oplion: Cash CUSIP 03762306
03/29/11 " 3 263.157 000 19.0000 4.999.983.00 29.5300 7.771.026 21 2.771.043 21 476.314.17 6.12%
APPLE INC COM Security Identifier. AAPL
Dividend Oplion: Cash CUSIP: 03783320
09105114 38,180.000 98.9500 3,777,912.53 164.0000 6.261.520.17 2,483,607.64 96,213.60 1.53%
09/05/11 3 7200.000 98.9500 712,440.29 164.0000 1,180,800.19 468,359 90 18,144.00 153%
09105114 3 18,620.000 98.9500 1.842.449.74 164.0000 3.053.679.84 1.211.230.10 46,922.40 1.53%
01/11/16 250,000.000 99.0000 24,750,006.00 164.0000 40.999.999.80 16,249,993 80 630,000.00 1.53%
Total Covered 314,000 000 31.082.808.56 51,496,000.00 20,413,191 41 791,280.00
Total 314.000 000 $31,082,808.56 $51.496,000.00 $20,413,191.44 $791.280.00
ASCENA RETAIL GROUP INC COM Security Identifier. ASNA
Dividend Oplion: Cash CUSP. 04351691
01/16/01 " 70,500.000 21.2770 1,500,000.00 2.0400 143.820 00 4 ,356,180.00
BASF SE PONS AOR Security Identifier: BASF(
ISINI US0552625057 CUSIP. 055262505
Dividend Oplion: Cash
04113115 5.000.000 101 6110 508.056.00 96.9700 484.850.00 -23.206.00 12.092.13 249%
BIOGEN IDEC INC COM Security Identifier: BIIB
Dividend Oplion: Cash CUSP 09052X23
02/14/12 .'3 2,095.000 110.2720 231.019.65 316.5600 663.193 20 432,173.55
BIOVERATIV INC COM Securely Identifier: BIVY
Dividend Oplion: Cash CUSP. 09075E20
Page s of '7
Rated (scant Clearlas through haft1Mo Many owned
Cron Year Lace 2001 stinidiary a theBarka New Yak Mellon
CONFIDO. DAL/AR RATED COMUNICADONS Corporation atly Mellon
micautia Pttshing 11.C. mends FINRA.AW m_00046332
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009156
EFTA_00 15694 I
EFTA01289304

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
August 1,2017 - August 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
„untanned Estimated Estimated
Outs Acquired Quantity Unit com Cod Basis Market Rice al).et Gain Loss Annual Income Yield
EQUITIES (continued)
Common stocks (continued)
BIOVERATIY INC COM (continued)
02/14/12 1.047.000 18.5540 19.426.02 56.6900 59.351 13 39.928.41
CENTENE CORP DEL COM Security Identifier. CNC
Dividend Option: Cash CUSP: tt35B91
09/08/14 15.550.000 63.6450 989.679.75 88.8500 1.381.617,50 391.937.75
DISH NETWORK CORP CL A Security Identifier: DISH
Dividend Option: Cash CUSP 25470M139
06/10/15 5,000.000 72.9960 364,978.00 57.2900 286,450 00 -78,528.00
FACEBOOK INC CL A Security Wealthy: FI3
Dividend Option: Cash COP.30303MM
05/17/12 t° 17,500.000 38.0000 665.000.00 171.9700 3.009.475.00 2.344.475.00
FOUNDATION MEDICINE INC COM Security Identitle. FM I
Dividend Callon: Cash CUSP:3504651)0
01/13/14 25.000.000 27.5070 687.663.50 40.3000 1.007.500.00 319.836.50
08/05/14 24,830.000 23.2530 577,373.02 40.3000 1 000.649 00 423,275 98
Total Covered 49.830 000 1.265.036.52 2.008.149 00 743,112.48
Total 19,830.000 $1,265,036.52 32 008,149 00 3743,11248 $0 .00
GILEAD SCIENCES INC Secility Identifier: GIG
Dividend Option: Cash CUSP: 37555803
02/05/14 5,000.000 79.2810 396,107.00 83.7100 418,550.00 22,143.00 10.400.00 2.48%
03/07/14 3.100.000 79.6120 246.797.00 83.7100 259.501.00 12.704.00 1148.00 248%
Total Covered 8,100.000 643,204.00 678,051.00 34,847.00 16,848.00
Total 8,100.000 3643,204.00 3678,051.00 334,847.00 $16,848.00
GIAXOSMITHKUNE PLC SPONSADR Security Beni ifier: GSK
Dividend Option: Cash CUSP. 37733W 1:15
06/10115 5,000.000 43.0010 215,006.00 40.2300 201.15000 -13,856 00 9,999.90 4 97%
GOOADDY INC CI. A Security Identifier: GOD?
Dividend Option: Cash CUSP: 38023707
04/01/15 700.000 20.0000 14.000.00 44.8200 31.374 00 17.374 00
Page 7 of •7
Rated (Anneal Owing through PerstArs LUC, a alb* owned
Cron Year Sffice 200/ "ASSN" of the Bark at New Yak Mellon
CONFIDg DAL/AR RA TED COMUNICATCP6 Corporation (MY maw
actiwia 00046333
holing NY FINRA.WnrilkeM_
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009157
EFTA_00 156942
EFTA01289305

Portfolio Holdings (continued)
Unrealized Eslirnaled Eslirated
Dote Aciatied Nastily Unit Coal Cal Bele Market Rice Markel Value Gain Loss Annual irocrre Yield
EQUITIES (continued)
Common Stocks (continued)
SANGAMO BIOSCIENCES INC COM Security Identifier: SGMO
Dividend Oplion: Cash CUSP 80067716
05128113 ..n 50,000.000 8.4440 422,214 00 13.3500 667 500.00 245,286 00
SANTANDER CONSUM ER USA IILDGS INC COM Security Identifier: SC
Dividend Oplion: Cash CUSP:802831111
01123114 1.000.000 24.0000 24.000 00 14.2800 14.280.00 9120 00
TWITTER INC COM Security Idenlilier: MI TR
Dividend Oplion: Cash CUSIP.9014L12
11/07/13 1,500.000 26.0000 39,000 00 16.9109 25.365.00 13.635 00
VIACOM INC NEW CL B Security Identifier: VIAB
Dividend Option: Cash CUSP 92551,201
06/10/15 5,000.000 67.7490 338,745 00 28.6000 143.000 00 .195 745 00 4,000.00 2.79%
VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY
Dividend Option: Cash CUSP:928862303
04/13/15 5,000.000 50.8610 254,306 00 30.9400 154.700.00 -99 606 00 1,706.59 1.10%
WISDOM TREE INYtS INC COM Security Identifier: WETF
Dividend Option: Cash CUSP:9771781)4
03131115 15,000.000 21.6110 324,157.50 9.1700 137,550.00 -186,607.50 4,800.00 3.48%
Total Common Stocks $44,834,031.00 $70,350,105.34 S25,516974 34 $1,320,095.09
Preferred Stocks (Listed by expiration date)
GMAC CAP TR 'GTO TR PF0 SECS SER 2 CPN. Security Identifier: ALLY PRA
8.45% HO WILY MATT-02/1512040 CALI. CUSP 36160208
ANYTIII E Q25 W130 DAYS BEGINS02/4/ 13
Dividend Option: Cash
02722/12 ..n 80,000.000 23.5350 1,882,773.60 26.1200 2.069.600.00 206,826.40 145,152.00 694%
Total Preferred Stocks 51,882,773 60 $2,089,600.00 $206,826.40 1145,152.00
Options
CALL 10 CURENCYSHARES EURO Option Identifier 990AKENX
TR EURO 94$ DP 0 9-154013.000 Underlying Security Identifier: RE
OPTION ROOT= FXE Underlying Security Price:515.03
450.00 of Ibesecontracts are in your margin account
07/10/17 450.000 0.8000 36,006.00 22200 99,900.00 63,894 00
Page 8 of 17
Rated (Nelkot Clestlas *cough P.O.W.u t.asbay trod
Inn, Year SoKe 2001 Ninicliory of **Bark a Ns Yak Meta
CONFIDOWAL DALBAR RA TED COMMUNICATIONS Coma-alas (IINY WNW
••••• EXCILLINCE FINFlint L1C. morix. FINR,Saylye,GM_00046334
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009158
EFT:4_00156943
EFTA01289306

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
August 1, 2017 - August 31,2017
SOUTH ERN FINANCIAL LLC
Portfolio Holdings (continued)
Unmated estimaled Est ir al ed
Dote Acqtired Quantity UnN Cop Cast Basis Merkel Rice arket Pale Gsintloss MIM I Income Yield
EQUITIES (continued)
Options (continued)
PUT DO CURENCYSHARES EURO Option Identifier: 990IXEDI
TR EURO SHS 8009-54010.000 Underlying Security Identifier: FXE
OPTION ROOT: FXE Uadertying Security Rice: $16 03
-450,00 of these contracts area short position
07719!17' -450.000 0.6900 -31.043.27 0.0300 -1.350.00 29,693.27
PUT 90 ADVANCB)MICRODEVICESINC Option Ideetifier:990AMIAA
COM DtP00/6460.000 Underlying Security Identifier: A140
OPTION ROOT: AM D 11'dtitling Security Prise:513.00
.200.00 of these contracts are a short position
07131117 -200.000 0.7600 -15,193.64 0.4900 4,800.00 5,393.64
Total Options 410,230 91 588.750 00 598.980.91 $0.00
TOTAL EQUITIES $48,706,573.69 $72,526,455.34 $25,821,881.65 $1,465,247.09
thmealeind Nadel Whaled
ante Argued Quantity UnN Cud Cost Basis Markel Rice Market Woe Pink= Ansel Inman Yield
EXCHANGE-TRADED PRODUCTS 3.00% of Portfolio
WISDOM TREE TRAPAN HEDGED EQUITY FD Security Identifier DXJ
Dividend Option: Cash: Capital Gains Option: Cash CUSIP 97717W851
60,000 00 of these shares are in your margin account
12111/13 61000.000 49.4350 2.986.098.50 52.0800 3.123.60010 157,501.50 82,534.20 2.64%
TOTAL e(CHANGE-TRADED PRODUCTS 92,966,098.50 $3,123,600.00 $157,501.50 $82,534.20
Unrealized Accrued Blinded
Cod Bites Make, Value Golelloss Intend Annul Income
TOTAL PORTFOLIO HOLDINGS 384,066.085 91 $112.855,942.83 326,887,631.32 $261,687.00 92,813,035.81
• Noncovered under the cost basis rules as defined below.
Securities acquired before 20 llor in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986. as amended
("IRC") (incorporating amendments enacted by P.L.110-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, 1h erefore, considered ' noncovered,' under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they
Page 9 of 17
Rated (salient Clearing through Pershing LUC, a Spey toned
tan Year Sect 2C0/ .nendwyaneBarka New Yee Melba
CONFIDWFAL ••••• D a A c L i B t A to R R ic A ( T ED COWAUNICAWNS C h o o • l P in on g e L lo I n C (O . N m Y o N ri N . F W IN ) RA.RitYftelt00046335
CONFIDENTIAL — PURSUANT TO FED. R CRISA. P. 6(e) 0B-SDNY-0009159
EFTA_00I56944
EFTA01289307

Portfolio Holdings (continued)
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1. 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available.
o The Current Face valuerepresents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe fo be reliable.
12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
" The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "NIA" and are omitted from the Total.
THEAS OF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable: however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant A capital gain or return of principal
may be included in the figures for certain securities. thereby overstating them. Refer to www pershing.coml disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
Page 10 of 4.7
CONFIDg r AL R fr a a te y d Y (s ea c r a & n ac t e 2001 C st l i o n n ic i l n ia g r t y h o ro f u * g * h B P a er r s k ta a r s N 1 e .1 w .C Y . • o w S l( b M an e y ll o ow n ned
DAL/AR RATED COMUNICAD0NS Corporation (IINY Mellon)
•••••• autistic( Pershing Lit...sends FRIRA.E*PriliteM_00046336
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009160
EFTA_00 156945
EFTA01289308

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
August 1,2017 - August 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Option Disclosure (continued)
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the M argin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness. timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Schedule of Realized Gains and Losses Curren, Period
Date Dale Realized
Description Disposed Acquired Delineation Cispontion Method l Dented ion Quantity Proceeds Col sale Gain Loss
Long Term
It 08ILEYE NV AM STELVE 08/16/11 08/01/14 Covered Versus Purchase/ M EIMER TO CASH 800.000 50.832.00 20.000.00 30.832.00
ISINSNLOOD831361
Security Identifier N5M88117
Page '' of
Rated hatIcat Owing through MAW.' LW. a SIN/ owned
bay Yew Sect 2007 stinidlavy of the tank of New Yak Mellon
CONFIDg DAUM PATIO COMUNICATONS Com-omelon (BNY Mellon)
MELLING( Petshift 11.C. mends FINRA.WFICAM_00046337
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009161
EFTA 00156946
EFTA01289309

Schedule of Realized Gains and Losses Current Period (continued)
Date Date Realized
Description Mooted Acquked [ledgesHon deposition Method i Treated lon Quantify Proceeds Cod Bads Gam Loss
Long Term (continued)
WASHINGTON IA UT IA TG S 08124117 12/13113 Homage( I REPYM T OF PRIN 1,290,000.000 2,112.53 1,616.48 496.05
004-RA2 IA TG PASSTHRU CTFC1C- Original Cost Basis: 169.48
B-1VAR RATE 7032910T/25/33
Security Identifier. 939336520
Total Long Term 52,944.53 21,616.48 31,328.05
Total Short and Long Term 52,944.53 21,616.48 31,328.05
' Noncovered under the cost basis rules as defined below.
Securities acquired before 20 11 or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC-)
( incorporating amendments enacted by P.L.t10-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore. considered "noncovered," under the new cost basis reporting
rules, and marked or denoted as such All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the
new cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRSon form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1, 20 11
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 202
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January t 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions. has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made alter year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less t han one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
' The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099-8.
Page '2 of '7
••• Rated (Aneal Cleating trough Perstars LC, waxy owned
fray Year Sffice 2C01 sticliary of **Bark of New Yak Mellon
CONFIDg DALLURATEDCOMMUNICATiOt6 Corporation (IINY maw
rAcautta 00046338
Petshinell.C.mtnin MRA.VAPteLeM-
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009162
EFTA_00 156947
EFTA01289310

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
August 1,2017 - August 31,2017
SOUTHERN FINANCIAL LLC
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share. it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidat ed upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (All amounts shown are in base currency)
tredas This Pecker Debits 1146,60d Net This Perim! Credits Yeer-to-Date Debi% Year-to-Date Net Year-to-Date
Securities
Securities Bough 0.00 0.00 0.00 0.00 -55,112.00 -55,112.00
Securities Sold 66.025.64 0.00 66,025.64 717,496.81 0.00 717,496.81
Securities Wilhdrren 0.00 0.00 0.00 0.00 -31.554.218.50 -31.554.218.50
Total Securities $66,025.64 $0.00 $66,025.64 $717,496.81 431,609,330.50 430,891,833.69
Dividends and Interest $434,711.79 42 31 $434,739.48 $2,016.742.47 489,252.31 $1,927,490.16
Distributions $136.841.64 $000 $136 891 69 $760.593.33 $0.00 $760.593.33
Fees $0.00 $0. 00 $0.00 $0.00 4375.00 4375.00
Taxes Withheld $0.00 $0. 00 $0.00 $0.00 46.076.09 46,076.09
Cash
Withdrawals 0.00 0.00 0 00 0 00 -1.132,731.96 -1,132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 41,132,731.96 41,132331.96
Totals $637.609.07 42.31 $637,606.76 $3.494,832.61 432,837,765.86 429,342,933.25
Page '3 of '7
r Rated (scallent Owing through P.O.W.L C. a abaft owned
fray Yea/ Saxe 2O0: sticlian Oft Bank N New Yak Mellon
CONFIDO t AL- DALIAR RA TED COMUNICADONS Corporation (IINY maw
actuoia MINKMINKMINKLit mends FiNRA.WfAfe LeM_00046339
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009163
EFTA 00I56948
EFTA01289311

Transactions by Type of Activity
Process Trade;
Settlement Transaction
Date Date Adivity Type Description Quantity Price Accrued Interest Amount Currency
Securities Bought and Sold
08/01/17 07131/17 SOLD SHORT PUT 130 ADVANCED MICRO DEVICES INC OOM DIP -200.000 0.7700 15.193 64 USD
990AKIIAA 0941700000 OPTION ROOT: AM D OPENING TRANSACTION
UNCOVERED UNSOL
08/16117 ELECTION MOBILEYE NV AM STELVESV ORD SHS ISIN1 N100983961 -800.000 50,832.00 USD
MBLY
Total Securities Bought and Sold - U.S. DOLLARS 0.00 66,025.64
Dividends and Interest
08/01/17 CASH DIVIDEND RECEIVED SOUTHERN CALIF EDISON CO PREF SER 56250% 0117162 B/E 4,000,000.000 93,750.00 USD
842400 FU2 DTD 0117/12 C18 RD 07115 PD 0810117
08115/17 CASH DIVIDEND RECEIVED CITIGROUP INC FXD RT SR NT PERPOEP RECPT 5950% 4,000,000.000 89.250.00 USD
17296725 08/$188 BEE DTD 8112/ CLB RD 08/14 PD 8/5/17 DIV PAID
AT29.753000000
08/15/17 BOND INTEREST RECEIVED 80000 SHRSGM AC CAP TR I GTD TR PEG SECSSER 2 CPN- 35.608.00 USD
ALLY PM 8.25% FRED ORTLY MATT-0215/2040 CALL ANYTIME 025
W/30 DAYSSEGINS 02/VS 8008/14 PD 08/6/2
08117/17 CASH DIVIDEND RECEIVED 311000 SHRSAPPLE INC COM RD 08/14 PD 08/17117 197.820.00 USD
AAPL
08/21/17 08119/17 INT. CHARGED ON DEBIT MARGIN INTEREST FOR 1DEBIT DAYSAV ML 36006.00 -2.31 USD
BALANCES RATE 2.309 07.20.0 TO 07.20.0
USD999997
08/23117 CASH DIVIDEND RECEIVED $000 SHRSWISOOM TREE INVTS INC COM RD 08109 PO 1.20000 USD
WETF 08/23/17
08/25/17 BOND INTEREST RECEIVED 290000 WASHINGTON M UT MTGSECSCORP 2004•RA2 M TG 3.298.25 USD
939336S20 PASSTHRU CTF CL C.B1VAR RATE 7032% 07/25/33 B/E DTD
06/0104 RD 07/31P0 08/ 25/17
08131/17 MONEY MARKET FUND DEUTSCHEGOVT CASH 13,815.54 USD
INCOME RECEIVED
PER232045
Total Dividends and Interest - U.S. DOLLARS 0.00 434,739.48
Distributions
08/31/17 PARTNERSHIP DISTRIBUTION 26367 SHRS APOLLO GLOBAL M GM T LLC CL A SHS RD 06122 136.841.64 USD
APO PO 08/3117
Total Distributions - U.S. DOLLARS 0.00 136,841.64
Other Transactions
08/16/17 WITHDRAWAL OF REORG OTY 800- M OBILEYE NV AMSTELVEEN ORD SHS 0.00 USD
INSTRUCTIONS ISM 111.00 1383661EXEM PT FROM TAX
MBLY
Total Ot her Transactions - U.S. DOLLARS 0.00 0.00
Page '4 of '7
N46023804
Rated (.taller Cloning through Pars/ars LAC, 'Many owned
fray Year Sole 200: sticliary of **Bark of New Yak Mellon
CONFIDg DALIAR RATED COMUNICAD0NS CorporationOM maw
amnia 00046340
Petshinell.C.mtnin MRA.VAPIII2PM—
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009164
EFTA_00 156949
EFTA01289312

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
kugust 1,2017 - August 31,2017
SOUTHERN FlNA NCIAL LLD
Transactions by Type of Activity (continued)
Roast Trade;
Settlement Transaction
Date Dale Activity Type DewMtion Quantity lice Accrued lofted Amount Wrong
Total Value of Transactions 0.00 837,608.76 USD
The price and quantity displayed may have been rounded.
Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%of Bond Sof Bond
Bond Duality Market Value Market Value Prang of Axed Income Bond Maturity Market Value Merkel Value
A 2.444.310.00 13% 6 to 10 years 309,000.00 2%
BAA 8,498,750.00 44% Over 10 years 18,819,156.30 98%
BA? Lower 7366,115.60 40% Total 19,128,156.30 100%
Not Rated 518.980.70 3%
Total 19,128,158.30 100% 0 20 40 80 80 100
Percentages of bond market values are rounded tot e nearest whole paste tags.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Client Service Information
Your Investment Specislit ENJ Minted Information
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YORK NY 10 0 17
Page '5 of '7
Rated (Kellent Cleating through Pershing LLC.a Swayowned
tan Year Sege 2001 stinicliory of theBarka New Yak Mellon
CONFIDg DALBAR RATED COMMUNICATIONS Co•Pontion OM Melee/
around
Penning 11C.mendx. FiNRA.As7r N
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB MY:000000946134615
EFTA_00 156950
EFTA01289313

Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRON IC 0E UV ERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institutionit acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability.
• This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be • t page of this statement. Pershing's contact information is as follows: Pershing U.C. Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents, w itness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
Page 16 of 17
Rated (tallent Owl% through Pasty lle. • ea/ ("mod
(rev Year Sect 2C01 stinicliary of the Barka Nom Yak Man
CONFIDNVAL lawn D a A c U tu M u R m A T ED COMMUNICATORS C P o tr r s po h r i a n t e io l n lf ( . M rne Y n N ity N F W IN ) ROAMIYELGM-00046342
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DI3-SDNY-0009166
EFTA_00 156951
EFTA01289314

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
kuguSt 1,2017 - August 31,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures (continued)
Important Arbitration Disclosures (continued)
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07399:
Page '7 of"
Rated (Kent. Cleating throush haft LC, Sway owned
tan Year SOICt 2C0/ adnicliory of tlw Bark of New Yak Mellon
CONFIDg DALBAR RAI D COMMUNICATIONS Corporation (ON Melim)
actinic 00046343
Ptrshine 11C. meYndx. FINRA.AW
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009167
EFTA_00 156952
EFTA01289315

Deutsche Bank Puha. lank Pelr•ir Noll/ bt 4n/geount
Mule's frrotrage Sews
D•eliche 14,...44i
P.O Box 1776, Baltimore, MD 21203 Nav York Me
345 POI Arent.. 3411N:el
New
Tolls,,._______________
Ciretl.
July 1, 2017 - July 31, 2017
Account Number: N4G-023804
SOUTHERN FINANCIALLW
6130 RED HOOK QUARTER B3
ST THOM AS VI 00802
P rtf oh a: a Glance
This Period yetto-Date
Your Investment Specialist: BEGINNINGACCOUNT VALUE 020,803,697.80 3117,069,956.26
JOSHUA SHOSHAN Net Cash Deposits and Wilhdrawals 0.00 -1.132.731.96
Net Securities lorOut of Account -17,188,218.50 41.554.218.50
Adjusted Previous Account Value 103,615,479.30 84,383,005.80
Dividends, Interest and Other Income 25,440.64 1,740,118.26
Total Taxes Withheld 0.00 4,076.09
Other Transactions -25.00 475.00
Net Change in Portfoilial 2,734,552.62 20,258,774.59
END INGACCOUNT VALUE 81
Accrued Interest 5345,692.58
Estimated Annual Income 32.757.026.72
'Nef Change in Port folio is the difference between The ending account value and
beginning account value after activity.
Asset Summary
Percent Asset Type P601 Year-End tax Period %%Period
MI 16% Cash, Money Funds, and Bank Deposits 15,864,445.94 17,207,92815 17,438,124.43
le 18% Fixed Income 19,233,099.80 19,135,454.56 19,134,601.29
in 83% Equities 79,000,010.52 81,340,314.59 66,664,721.84
El 3% Exchange-Traded Products 2.972.400.00 3.120.000.00 3,138,000.00
100% Account Total (Pie Chart) $117,069,956.26 $120,803,697.80 1106.375.447.56
Please review your allocation periodically with your Investment Specialist.
Page • of 18
Rated t.allest Clearlas through P.O.W. LLC.a assy aimed
beet Year Since 2001 stinicliory of WeBarka Now Ycelt Melba
CONFIDWFAL4- D a A m UM e ! r , R c A e M O COMMUNICATIONS Corporation0NY Mel r im irm ) AANYELG0rt_0 0046344
PeoNne 11C. menu.
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009168
EFrA_00156953
EFTA01289316

Summary of Gains and Losses
Realized
This Period Yeas4m0ale Unrealized
Short-Term Gain! Loss 10,885.64 11.729 29 86,387.27
Long-Term Gain! Loss -64.870.39 46.412.97 20.706.746.60
Net Gain! Loss -53,984.75 58.142.26 20,793,133.87
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECB" ) and other credit institutions introduced ' negative interest rates' . Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 1099 and/ or 1042 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements. begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Dole Adivity Type Description Amount Balance
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield 0 91% Activity Ending: 07! 31/17
07701/17 Opening Balance 17,158,128.65 17,158,128.65
07103117 Deposit MONEY FUND PURCHASE 49,800.00 17,207,928.65
07105117 Deposit MONEY FUND PURCHASE 1,000.00 17.208.928.65
07/14117 Deposit MONEY FUND PURCHASE 2.426.76 17.211.355.41
07/17/17 Deposit MONEY FUND PURCHASE 14.991.64 17.226.347.05
07/21/17 Withdrawal MONEY FUND REDEMPTION -4,962.73 17221.384.32
07126/17 Deposit MONEY FUND PURCHASE 8,843.56 17,230,227.88
07/28/17 Deposit MONEY FUND PURCHASE 194.751.23 17,424,979.11
07/31/17 Deposit IN CO M E REIN V EST 13.145.32 17,438,124.43
07/31/17 Closing Balance $17,438,124.43
Total All Money Market Funds 517.438.124.43
Income and Expense Summary
Oment Period Yeal4o-Date
Tuttle Non Taxable Taxable Non Taxable
Dividend Income
Equities 8,971 76 0.00 663,958.19 0.00
M oney M arket 13.145.32 0.00 63,203.98 0.00
Other Dividends 0.00 0.00 417,800.00 0.00
Page 2 of 18
Rated twine% Cloatin Ibroush Pershing1M a Sbany owned
bay Yew Same 2001 stinicliary of tlw Barka New Yak Mellon
CONFIDO. DALAI!,R AM COMUNICAT1016 Corporation (IINY
manta Pttshing 11.C. men M in el o F n iN ) R A.g3As:lDetNeM_000004513645
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB Y-0 9 9
EFTA_D0 156954
EFTA01289317

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
July 1, 2017 - July 31,2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary (continued)
Oral Period Year-to-Dale
heath Non Title Tattle Nominal*
Interest Income
Bond Interest 3,323.56 0.00 279,850.91 0.00
Other Interest 0.00 0.00 67,937.60 0.00
Expenses
Withholding Taxes 0.00 0.00 .6,016.09 0.00
Fees( Foreign Securities) -25.00 0.00 -275.00 0.00
Total Dividends, Interest, Income and Expenses $25,415.64 $0.00 $1,486,399.59 $0.00
Distributions
Alternative Investments 0.00 0.00 0.00 247,367.58
Other Distributions 0.00 0.00 0.00 17,595.42
Total Distributions $0.00 $0.00 $0.00 $264,963.00
Portfolio Holdings
Account Adtrlty Opening Closing Actrod Income 30-Day Current
Opening Die Nudity Number Biding Balance Balance Income ThlnYer Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 16.00% of Portfolio
Margin Balance 49 800 00 0.00
Money Market
DEUTSCHE GOVT CASH INSTL
07101/17 17,438,124.430 N/A 07131/17 17,158,12865 17,438,124.43 0.00 63203.98 0.90% 091%
Total Money Market $17,158,128.65 $17,438,124.43 $0.00 $83,203.98
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $17,207,928.65 $17,438,124.43 $0.00 $83,203.98
Page 3 of 18
Rated (ottlkot Cleating through Pentang LLC, a wig,/ aimed
Inn, Year $lItt 20O/ sticliary of the Banta New Yak Melba
CONFIDNVAL DALBAR RATED COMMUNICATIONS capons,M an WIWI
••••• DICOAD4CE Pashint 11C. meat*. FINRA.Mtlifyelt00046346
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009170
EFTA_00156955
EFTA01289318

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Estimated Estimated
Date Acquited Quantity Unit Cost Cost Cans Market Rice Market Value Gainfloss Mitten Annual Income Yield
FIXED INCOME 18.00% of Portfolio (In Maturity Dale Sequence)
*Asset Backed Securities
WASHINGTON M UT MTG SECSCORP 2004-RA2 Security Identifier: 939336620
NIG PASSTHRU CTF CL C-B-IVAR RATE
7.059% 07125/33 WE DTD 0610104
Factor: 0,43627200 Elfede Date:07/03/17
Current Face Value. 562.790880
12113/13 .'312 1290,000.000 76.5190 430.639.74 86.1730 484,973 79 54,334 05 3,311 03
Original Cost Basis: $638906.71
Total Asset Backed Securities $430,639.74 $484,973.79 $54,334.05 $3.311.03 $0.00
1,290,000.000
Total Current Face Value: 562,790.880
Corporate Bonds
BARCLAYS BK PLC CONTINGENT CAP N1 Security Identifier: 06739FHKO
ISIHB US06739FHK03 7.750% 04110/23
DID 041818 CALLABLE 04101858 P Rating BB+
04/03/I3 " 213 300.000.000 100.0000 300.000.00 103.2500 309.750.00 9,750.00 7.16815 23.250.00 7.50%
Original Cost Basis: $300.000.00
,PM ORGAN CHASE& CO DEP SHSREPSTG Security Identifier: 46525HHAl
113TH PFD SER 1FIXED TO FLTG RT BD
7.900% 04/29/49 EUE DID 04123/08M oody Raling BAA3 S 8 P
Rating BBB-
06/15/11 .3.12 2.500.000.000 107.5000 2.687.500.00 103.7500 2.593.750 00 43.750.00 49.375.00 197,500.00 7.61%
Original Cost Basis:62687,50000
06115111 .'3C 2,500,000.000 107.0000 2,675,000.00 103.7500 2.593.750 00 -81,250.00 49,375.00 197,500.00 7.61%
Original Cost Basis: $2.675.000 .00
Total Noncovered 5.000,000 000 5,362,500.00 5,187,500 00 -175,000.00 98,750 00 395,000.00
Total 5,000,000.000 $5,362,500.00 $5.187,500.00 4175.000.00 $98.750.00 $395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Moldier 060505018
SHS FIXED TO FLOAT 8.125% 04130158 WE
DTD 04/30108 CALLABLE 05/.5113M oody Rating Bat 68 P
Rating BB+
01/10111 ." 2 2,000,000.000 102.7500 2,055.000.00 104 4660 2,089.320 00 34,320.00 34,305.56 162,500.00 7 77%
Original Cost Basis: $2,055.000.00
Page 4 of 15
Raid tscallent Owing through Pershing LUC, Sbany owned
bay Year Since 200/ stinidiary of **Bark a New Yak Mellon
CONFIDO. DALIAN RA TED COMMUNICATIONS Corporation (IINY maw
mamma Petshift Lit...sends FiN RA. Wrillite M_00046347
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009171
EFTA_00156956
EFTA01289319

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
July 1, 2017 - July 31, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Adjusted Unrealtzed Accrued Estimated Estimated
Date Argued Nudity Unit Cod Cost Saris Market Rice Market Value Gain Lon Catered Annual Income Yield
FIXED INCOME(continued)
Corporate Bonds (continued)
SOUTHERN CAUF EDISON CO PREf SER E Securely Identifier: 842400 FU2
6 250% 0117/62 DIE DTD 0117/2
CALLABLE02/0/22Q 1001 00 M oody Rating MA'S P Ral lag
BBB-
01130/12 .." 3.000.000.000 99.8690 2.996.074.03 111.5000 3.345.000 00 348125.97 93.750.00 187,500.00 5.60%
Original Cost Basis: 52,992,56497
GENERALBICCOGTO FXD•TO•FLTGRT Security Identifier: 369604BM 4
NONCUMULATIVE PERPETUAL PREFERRED
4.000% 12703165 REG OTO 12/03111400dy Rating A3 S8 P
Rating A
12103115' 2,469,000.000 88.0930 2,175,016.17 99.0000 2,444,310.00 269.293 83 12619.33 98.760.00 4 04%
Original Cost Basis: $2,175,01.17
sLLOYDSBANKING GROUP PLC FXD RATE RESET SecurAy Identifier 539439AG4
ADDL TIER 1SEC,S ISINt USS39439AG42
7.500% 04/27188 B/E DTD 04/07/115 8 P Rating B8-
Please Provide' 1,903,000.000 NIA Please Provide 111.2500 2,117,087.50 NIA 13,479.58 142,725.00 6.74%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier 0296725
5.950% 08/6188 DIE DTD 01119.1%
CALLASLEOS/V20 0 14.000iloody Ratios BA2S8 P Rsting
89.
08/06/15 3,000,000.000 100.0000 3,000,005.99 105.2220 3,156,660.00 156,654.01 82,308.33 178,500.00 5.65%
Original Cost Basis: 53,000,006.00
Tot al Corporate Bonds $15,888,596.19 818,849,627.50 6643,943.81 8342,381.55 $1,188,235.00
17,672,000.000
TOTAL FIX ED I N COM E $16,319,235.93 $19,134,601.29 6698,277.86 8345,692.58 111 88,235.00
18,962,000.000
Page 5 of 18
Rated (salient Clearlas through P.O.W. LAC. a Sbaly owned
tan Yeat Sect 200/ wintry of the Barka Now Ycelt Melba
CONFIDOMPAL DALBAR RATED CONMUNICA11016 CorporationOM WIWI
lawn actituta holing 1.1C. mortet FINRA.MOYEGM-00046348
CONFIDENTIAL — PURSUANT TO FED. R CRIFA, P. 6(e) DB-SDNY-0009172
EF TA_00 156957
EFTA01289320

Portfolio Holdings (continued)
Unrealized Estimated Whaled
Dale Acquired Quantity Unit Cod Cod Bads Market Rix Market Value GainfLoss Annual Income Yield
EQUITIES 6 3.0 0% of Portfolio
Common Stocks
OBILEYE NV AM STELVEEN ORO SI% Security Id tattle*: MBLY
MN. 610010831361 CUSP. N57188/17
Dividend Oplion: Cash
08101114 800.000 25.0000 20.000.00 63.3000 50.640 00 30.640 00
ADVERUM BIOTECHNOLOG1ESINC Secuity Idylltier/WO
COM CUSP 00773U138
Dividend Option: Cash
04/20/15 10,000.000 39.8610 398,606.00 2.5500 25.500 00 -373,106.00
ALIBABA GROUP HLOG LTD SPONSORED ADS Sixthly Identifier: BABA
USOSO9W1327 CUSP: 0$09W 22
Dividend Oplion: Cash
06/10/15 5.000.000 88.9500 444.749.00 154.9500 774,750 00 330.001 00
ALLIANZ SE WOWS ADR REPSTG 61) %IS Security Identifier: AZSEY
Dividend Option: Cash CUSP:0180591
0013/15 5.000.000 18.0110 90.056.00 21.3500 106,750.00 16.694.00 3.054.30 2.86%
APOLLO GLOBAL M GM T LLCCL A SHS Security Idenl tier APO
Dividend Oplion: Cash CUSIP 03162396
03/29111 .•13 263,157.000 19.0000 4,999,983.00 28.1000 7,394,711.70 2,394,728.70 436,840.62 5.90%
APPLE INC COM Security Ideatifier: AAPL
Dividend Option: Cash CUSP:03783320
09/05/14 38,180.000 98.9500 3,777,912.53 118.7300 5,678.511 55 1,900,599 02 96,213.60 1.69%
09/05/14 3 7.200.000 98.9500 712.440.29 148.7300 1.070.856.17 358.415 88 18 .114.00 1.69%
09/05/14 3 18,620.000 98.9500 1,842,449.74 148.7300 2.769.352.46 926,902 72 46,922.40 1.69%
01/11/16 250.000.000 99.0000 24.750.006.00 148.7300 37.182.499.82 12.432.493 82 630.000.00 1.69%
Total Covered 314,000.000 31,082,808.56 46,701,220.00 15,618,411 44 791,280.00
Total 314,000 000 $31,082608.56 $46,701,220.00 $15,618,411.44 3791,280.00
ASCENA RETAIL GROUP INC COM Stonily Idenlifier. ASIA
Dividend Option: Cash CUSP 0435tD1
01/16/01 " 70.500.000 21.2770 1.500.000.00 2.3400 164.970 00 •1.335.030.00
BASF SE SPONS ADR Seemly Identifier: BASFY
ISNt USO 552625057 CUSP 055262505
Dividend Option: Cash
0013115 5.000.000 101.6110 508,056.00 95.2700 476,350 00 31.706.00 12.092.13 2.53%
Page 6 of 18
Rated (scallent Owing trough Pershing LC. a awed owned
6ery Year Sffice 2CO/ sticliary of **Barka New Yak Mellon
CONFIDO. DAL/AR RA TED COMMUNICATIONS Corporation (My Melee)
marina Pershing Lit...sends IVI_00046349
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009173
EFTA_00156958
EFTA01289321

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
July 1,2017- July 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Uniealized EMI•tated Whaled
Date Acquied Purdy Unit Col Cad Baas Market Price arl.et Valle Pintos Annualloom Yield
EQUITIES (continued)
Common Stocks (continued)
BIOGEN IDEC INC COM Security Identifier: BUB
Dividend Oplion: Cash CUSP. 09062X133
02114112'.3 2,095 231,019.65 289.5900 606,691 05 375,671 40
BIOVERATIV INC COM Security Identifier BIVV
Dividend Oplion: Cash CUSP. 09075EDO
02/14/12 1.047.000 18.5540 19.426.02 61.9700 64.882 59 45.456 57
CENTENE CORP DEl. COM Security Identifier. CNC
Dividend Oplion: Cash CUSP. 61159131
09108114 15,550.000 63.6450 989.679.75 79.4200 1.234.981.00 245,301 25
DISH NETWORK CORPCL A Security Identifier: DISH
Dividend Oplion: Cash CUSP. 25470M119
06/10/15 5,000.000 72.9960 364,978.00 64.0300 320.150 00 -44,828 00
FACEBOOK INC CL A Security Identifier FB
Dividend Oplion: Cash CUSP. 3030302
05117112'0 17,500.000 38.0000 665.000.00 169.2500 2.961.875.00 2,296,875.00
FOUNDATION MEDICINE INC COM Security Identifier FM I
Dividend Oplion: Cash CUSP:350465130
01113114 25.000.000 27.5070 687.663.50 35.3500 883.750.00 196,086.50
08/05/14 24.830.000 23.2530 577.373.02 35.3500 877.740 50 300,367.48
Total Covered 49,830 000 1,265,036.52 1.761.490.50 496,453.98
Total 49,830 000 $1,265,036.52 $1,761,490.50 $496,453.98 $0.00
GILEAD SCIENCES INC Security Identifier, GILD
Dividend Oplion: Cash CUSP: 375558t3
02/05/14 5,000.000 79.2810 396,407.00 76.0900 380 A 50.00 -15,957.00 10,400.00 2.73%
03/07/14 3.100.000 79.6120 246.797.00 76.0900 235.879.00 .10.918.00 6.448.00 2.73%
Total Covered 8.100.000 643,204.00 616,329.00 -26,875.00 16,848.00
Total 8,100 000 $643,204.00 $616,329.00 -$26,875.00 $16,848.00
Page 7 of 18
Rand btallent Owing VVOUgh Peal% LC, a okay owned
L4 ben Year Sffice 240/ "ASSN" of tfre Bark of New Yak Melon
CONFIDO' DALIAR RATED COMMUNICATIONS CorporationOW( Waal)
exceituia Poslite 11C. mendat. FINRA.AWM! Se& IVI _00046350
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009174
EFTA_00 156959
EFTA01289322

Portfolio Holdings (continued)
Unsalted Estimated Ediroaled
Date Acquired Quantity Unit con Cost dads Market Price Market Value Gainfloss Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
GLAXOSM ITHKUNE RC SPONS AD R Security Ideal ifier: GSK
Dividend Option: Cash WSIP. 37733W 15
06/10/15 5.000.000 43.0010 215.006 00 40.5200 202.600.00 -12,406.00 9.99910 4.93%
GODADDY INC CL A Security Identifier: GODY
Dividend Oplion: Cash CUSP: 38023717
04/01/15 700.000 20.0000 14.000 00 42.9800 30.086.00 16.086.00
SANGAMO BIOSCIENCES INC COM Security Identifier. SW 0
Dividend Oplion: Cash CUSP 80057716
05/28/13 .'13 50100.000 8.4440 422.21410 8.6000 430.000.00 7,786.00
SANTANDER CONSUM ER USA MINS INC COM Wordy Identifier: SC
Dividend Oplion: Cash CUSP: 80283M 11
01/23114 1,000.000 24.0000 24,000.00 12.8100 12.810.00 -11,190 00
TWITTER INC COM Security Weal diet 114 TR
Dividend Oplion: Cash CUSP. 9014032
11/07/13 1,500.000 26.0000 39,000.00 16.0900 24,135.00 -14,865.00
VIACOM INC NEW Cl. B Stencil y Identifier VIM
Dividend Oplion: Cash CUSP 92553P201
06/10/15 5.000.000 67.7490 338.745.00 34.9200 174,600.00 ,164,145.00 4,000.00 229%
VOLKSWAGEN A GADR (SPONS) Securely Identifier: VLKAY
Dividend Oplion: Cash CUSP:928662303
04/13/15 5,000.000 50.8610 254,306.00 31.4500 157,250.00 -97,056 00 1,706.59 1.08%
WISDOM TREE INVTS INC COM Security Identifier WETF
Dividend Oplion: Cash CUSIP.97717P14
03/31/15 15.000.000 21.6110 324.157.50 10.4400 156.600.00 •167.557.50 4.800.00 3.06%
Total Common Stocks $44,854,031.00 $64,449,371.84 $19,595,340.84 $1,280,621.54
Preferred Stocks (Listed by expiration date)
GM AC CAP TR I GTO TR FCC SECS SETT 2 CM Security Identifier ALLY PRA
8.45% FRED DRILY M ATV-02/612040 CALL CUSP 36160208
ANYTILI 6025W/30 DAYS BEGINS02/ 5/
Dividend Oplion: Cash
02/22/12 " 3 80,000.000 23.5350 1,882,773.60 26.5500 2.124.000.00 241.22640 142432.00 6.70%
Total Preferred Stocks $1,882,773.60 $2,124,000.00 $241,226.40 $142,432.00
Page 8 of 18
Rated (scant Clowlasibra4hhnhMigUCa+holyemwd
fray Year Lace 200: mAnicliwyoldwiankeflemYcAMOkm
CONFIDOI DAL/AR RATED COMMUNICATONS Corpomtkm(ONYWIWO
mama Pershing 11C. meadx. nnas.ginmeM_00046351
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009175
EFTA_00 156960
EFTA01289323

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
July 1,2017- July 31,2017
SOUTHERN FlNA NCIALLLC
Portfolio Holdings (continued)
Unrealized Estimated Estimated
OuteAcqtired Nudity Wit Cost Cod Ends Market Price Market saILe GainfLoss Annual Income Yidd
EQUITIES (continued)
Options
CALL 90 CURBICYSHARES EURO Option Identifier: 990AKENX
TR EURO SKS 6009-6-170113.000 Underlying Security Identifier FXE
OPTION ROOT= FXE Underlying Security Price:511145
450.00 of thesecontracts are in your margin account
07119117 450.000 0.8000 36,008.00 2.1900 98.550.00 62,544.00
PUT 1)0 CURENCYSHARES EURO Option Identifier: 99(//XES1
TREUROSHSW09-640113.000 Underlying Security Identifier: FXE
OPTION ROOT= FXE Underlying Security Price:611445
-450.00 of these contracts area snort position
01119/17 450.000 0.6900 -31,043.27 0.1600 -7200.00 23,843.27
Total Options $4,962.73 $91,350.00 $86,387.27 $0.00
TOTAL EQUITIES 646,141,787.33 $86,664,721.84 $19,922,954.51 $1,423,053.54
Unrealized afirmated afirnated
OMeAcquied Nanny Unit Cost Cod Bois Market Price Market Value Ciolnfiess Armed Income Yield
EXCHANGE-TRADED PRODUCTS 3.00% of Portfolio
WISDOM TREE TRAPAN HEDGED EQUITY FD Security Identifies DXJ
Dividend Option:Cash:Capital Gains Option. Cash CUSIP 97717W851
60,000 00 of these shares are in your margin account
12111/13 80,000.000 49.4350 2.966,098.50 52.3000 3,136,000.00 171,901.50 82,534.20 2.63%
TOTAL EXCHANGE-TRADED PRODUCTS $2,966,098.50 $3,138,000.00 $171,901.50 $82,534.20
Unrealked Accrued Berated
Cod Brit Markel Via Geliaose Intend Annul Income
TOTAL PORTFOLIO HOLDINGS $83,485,226.19 $106,375,447.56 $20,793,133.67 $345,692.58 $2,757,026.72
• Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986. as amended
("IRC") ( incorporating amendments enacted by P.1110-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, 1h erefore, considered ' noncovered, under the new cost basis
reporting rules. and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date( s)" at which they
Page 9 of 18
Rated(matl Cleating through Man 'Sc,. Wally wind
brerryt&SoKe2001 stinidlary of the Bank M Ws Yak PASN,
CONFIDWITAL DALBARRATEDCOMMUNICATTONS Corporation OPNY Mae,;
MIME( Paging 11C. mat. FINRA.644i fyelt00046352
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009176
EFTA_00156961
EFTA01289324

Portfolio Holdings (continued)
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,20 T2
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available.
o The Current Face valuerepresents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe fo be reliable.
c Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
c The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEASOF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable. however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant A capital gain or return of principal
may be included in the figures for certain securities. thereby overstating them. Refer to www pershing.coml disclosures for specific details as to formulas used to calculate the figures.
Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions. Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions.
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
Page 10 of 18
Rated (Anneal Cloning through Pars/ars lit. a 'Many owned
Cron Year &ace 2O0/ stinicliary of tlw Bark of New Yak Mellon
CONFIDg DAL/AR RATED COMUNICATONS Corporation (ONY maw
actunia Pershing Lit...sends FINRA.WAffiliteM_00046353
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009177
EFTA 00156962
EFTA01289325

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
July 1,2017 - July 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Option Disclosure (continued)
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy. completeness. timeliness Or availability Of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Schedule of Realized Gains and Losses Current Period
Date Date Realized
Description Disposed Acquired Designation Disposition Method) Teassdion Quanta), Roceeds Cot Bate QS Lon
Short Term
PUT ADVANCED MICRO 07/26/17 07113117 Coveted Arst In First Out I BUY .200.000 14.991.64 4,106.00 10,885.84
13.00
Scanty Identifier 990AK4K90
Total Short Term 14,991.64 4,106.00 10,885.64
Page 11 of 18
Rated (Kenai Clearlas through Peal% LUC a away owned
(rev Year Sect 200/ stinicliory elfin Bark New Yak Mellon
CONFIDg DALBAR RATED CONMUNICATOP6 Co•Pontion OM Mellon)
actituta Pa shine 11C. menix. FINRA.AW !R&M_00046354
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009178
EFTA_00156963
EFTA01289326

Schedule of Realized Gains and bosses Curren*, Period (continued)
Date Dale Realized
Description deposed Acquited OesIgeation deposition Method / Traneaction Quantity Proceeds Cost Bade Gain, Loss
Long Term
AKORN INC COM 07/25/17 06110115 Covered First In First Out! sat 5.000 000 167.849.01 231.206.00 46.356.99
Security Identifier.009728136
GLOBAL PARTNER ACOUI 07/25/17 07130115 Nonoweree First In First Out /Sat 2.000 000 20.010.03 20.000.00 10.03
P UNIT ICOR S 1WT DtP
Security Identifier 37951X204
MATCH GROUP INC COM 07125117 11118115 Covered First In First Out! SELL 200.000 3330.17 2A00.00 1,330.17
Security Identifier. 57665RD6
SQUARE INC a A 07125/17 11119115 Covered First In First Out! SELL 200.000 5.314.07 1.800.00 3,511.07
Security Identifier. 8522341)3
TERRAFORM GLOBAL INC 07125/17 07131/15 Covered Ant In First Out! SELL 400.000 1,953.95 5.821.84 -3.861.89
Security Identifier 881)481101
WASHINGTONMUT MTGS 07124/17 12113113 Noncovered" REPYM T OF PRel 1.290.000.000 2.130.29 1.630.07 500.22
004-RA2 M TG PASSTHRU CTFCL Original Cost Basis- 1630 07
B-1VAR RATE 7059%07/25133
Security Identifier. 939335S20
Total Long Term 200,987.52 265,857.91 41.870.39
Total Short and Long Term 215,979.16 269,963 91 -53.981.75
• Noncovered under the cost basis rules as defined below.
Securities acquired before 20 11or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986. as amended ("IRV)
( incorporating amendments enacted by P.L.1 10-343, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore. considered "noncovered," under the new cost basis reporting
rules, and marked or denoted as such. All other securities in this section are securitieswhich are "covered" under the new cost basis reporting rules. Securities which are "covered" under the
new cost basis reporting rules are defined as non-retirement, US taxpayers securitieswhich have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1. 20 11
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes. especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions. has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports. including your 1099-8 or online displays you may have available to
you
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make. but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRSor other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Page 12 of 15
Rated (soMent Ciwia through Peal% 1.1.C, a abaft owned
(Very Year Saxe 2001 nosidiary of Neearta New Yak Mellon
CONFID DAIL,* RA TED COMMUNICATIONS Corporation (IINY PASO
•••••• 'Amax( Pershing lit. entnis 00046355
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009179
EFTA_OO 156964
EFTA01289327

PA Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
July 1, 2017 - July 31, 2017
SOUTHERN FINA NCIAL LW
Schedule of Realized Gains and Losses Current Period (continued)
Cost Basis on fixed income securities may be adjusted for amortization. accretion, original issue discount adjustments. or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event. one or more of these attributes is changed. there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with lessthan one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
' The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In. First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss. unless another method was selected at the time of the security disposal, and this
may be reported on the IRS Form 1099.8.
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (All amounts shown are in bass currency)
etedits7hisPerio4 Debits ThisPetio4 Net ThisPecio4 Gene Yea-to-Date DetilsYear4o-Dete Net Year-to-Dale
Securities
Securities Bought 0.00 -40,112.00 -40,11210 0.00 -55,11280 -55,112.00
Securities Sold 244,892.14 0.00 244,892.14 651,471.17 0.00 651.471.17
Securities Withdraws 0.00 -17.188218.50 17,188,218.50 0.00 -31.554.218.50 -31.554.218.50
Total Securities $244.892.14 417,228,330.50 416,983,438.36 $651,171.17 431,609,330.50 430.957.859 33
Dividends and Interest 525,440 64 $O 00 525.440.64 51,582,000 68 489,250.00 $1,492,750.68
Distributions $0.00 $000 50.00 $623.751.69 $0.00 $623.751.69
Fees $0.00 425.00 425.00 $0 .00 4376.00 4375.00
Taxes Withheld $0 .00 $O 00 $0.00 S0.00 46,076.09 46,076 09
Cash
Withdraw* 0.00 0.00 0.00 0.00 •1.132.731.96 •1,132.731.96
Total Cash $0.00 $0 .00 $0.00 S0.00 41,132,731 96 41,132,731 96
Page 13 of 15
Rated (Anneal Owing through MAW.' LW, a abaft owned
Cron Year Sffice 200/ stinidlavy of tlw earta Now Yak Mellon
CONFID DAL1AR RATED COMMUNICATORS Corporation (MY maw
actiutia Petshift Lit...sends FINRA.E*PilliteM_00046356
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009180
EFTA_00156965
EFTA01289328

Activity Summary (continued)
Credits TNsPeriod Nees TbisPetiod Net ThisPeriod Cedes Year4o-DMe DebilsYeer4o-Dete Net Year-to-Dale
Totals $270.332.78 417,228,355.50 416,958,022.72 52,857,223.54 432,837,763.55 429,980,540.01
Transactions by Type f Activity
Roses Trade;
Settkmeni Transaction
Crete NW Activity Type Description Queenly Price Aimed Interest Amount Urgency
Securities Bought and Sold
07/14/17 07113/17 SOLD SHORT PUT DO ADVANCED MICRO DEVICESINC031 E(P -200.000 0.7599 14,991.64 USD
990AK4K90 08.9.4@13000 OPTION ROOT: Ail D OPENING
TRANSACTION UNSOLICITED ORDER EXCHANGE LISTED
07/20/17 07/19/17 PURCHASED CALL DO CURENCYSHARES EU RO TR EURO SHS 450 000 03900 -36.00600 USD
990AKEAX 09.9.40ttt.000 OPTION ROOT: FXEOPENING TRANSACTION
UNSOL EXCHANGE LISTED
07/20/17 07/19/17 SOLD SHORT PUT DO CURDICYSHARES EURO TR EURO SHS E(P 450100 0.7000 31.043.27 USD
990AKE.P1 091.17011000 OPTION ROOT: FXE OPENING TRANSACTION
UNSOL EXCHANGE LISTED
07127/17 07126/17 PURCHASED PUT DO ADVANCED MICRO DEVICES INC COM D(P 200.000 0.2000 4,10610 USD
990AK4K90 08.9.4@13000 OPTION ROOT: Ail D CLOSING TRANSACTION
UNSOL EXCHANGE LISTED
07/28/17 07125/17 SOLO AKORN INC COM BKCII A PERSHINGAFFILIATE M AKES A M KT -5.000100 33.6317 157,849.01 USD
AKRX IN THIS SECU RITY 8 ACTED AS PRINCIPAL UNSOUCITED ORDER
AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS
AGENT
07128/17 07125117 SOLD GLOBAL PARTNER ACQUISITION CORP UNIT ICOM IW T -2.000.000 10.0682 20,010.03 USD
GPACU UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION
YOUR BROKER ACTED AS AGENT
07128/17 07/25/17 SOLO MATCH GROUP INC COM 81(CM A PERSHING AFFILIATE MAKES -200.000 18.9313 3,730.17 USD
MTN A MKT IN THIS SECURITY & ACTED AS PRINCIPAL UNSOLICITED
ORDER
01/28/17 07/25/17 SOLD SQUARE INC CL A BKCII A PERSHING AFHLIATE IA AXES A MKT -200.000 26.8510 5,314.07 USD
SO IN THISSECURITY .1 ACTED AS PRINCIPAL UNSOLICITED ORDER
ornsrir
07/28/17 SOLD TERRAFORM GLOBAL INC CL A BKCM A PERSHING AFRUATE 400.000 5.0250 1.953 95 USD
GLBL M AKES A MKT IN THIS SECURITY 8 ACTED AS PRINCIPAL
UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED
AS AGENT
Total Securities Bought and Sold - U.S. DOLLARS 0.00 204.780 14
Page '4 of 18
Rats (talk. Outing trough PerstArs LC, alb* owned
bery Year Sect 2C0/ stinicliary old.* Bark a New Yak Mellon
CONFID DALBAR RA TED COMMUNICATIONS Corporation My Melee)
c(cottna Ptrshinellf.rnenix. FINRA.AW SIELA M_00046357
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009181
EFTA_00156966
EFTA01289329

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
July 1,2017 - July 31,2017
SOUTHERN FlNA NCIALLLC
Transactions by Type of A ctivity (continued)
Proces' Triode;
Settlement Transustion
Date Date Adivky Type Desaiption Quantily Price Accrued interest Mnaunt 01(Nny
Securities Withdrawals and Deposits
07/14/17 SECURITYDEUVERED BANK OF NEW YORK N EU.ON CORP COM 2251BOA/CLIENT A/C -250,000.000 -13.090.000.00 UW
BK 603181
07/27117 07126/17 SECURITYDEUVERED GENERAL ELECTRIC CO COM 2251BOA/CLIENT A/C 603181 •23.000.000 -593,170.00 UW
GE
07/27117 07/26117 SECURITYDEUVERED GENERALM TRS CO COM 2251BONCUENT A/C 60388.1 47,525.000 4,505,048.50 UW
GIL
Total Securities Withdrawals and Deposits - U.S. DOLLARS 0.00 -17.188218.50
Dividends and Interest
07/03/17 CASH DIVIDEND RECEIVED 5000 SHRSVIACOM INC NEW CL B RD 06/8PD 07103/17 1.000.00 UW
VIAB
07113/17 FOREIGN SECURITY DIVIDEND 5000 SHRS GLAXOSM ITHKLINE PLC SPONSADR RO 0514 PD 2.451.76 UW
RECEIVED 07/13/17
GSK
07/25117 CASH DIVIDEND RECEIVED 23000 SHRSGENERAL ELECTRIC CO COM RD 0619 PO 07/25117 5.52000 UW
GE
07/25/17 BOND INTEREST RECEIVED 1290000 WASHINGTON /I UT kl TG SECS CORP 2004RA2 M TG 3.323.56 USD
939336S20 PASSTHRU CTF Cl. C11-1VAR RATE 1059% 07/25/33 BIE DTO
06/0104 RO 06130 PO 07/25117
07131/17 MONEY hl »WET FUND DEUTSCHEGOVT CASH 13,145.32 USD
INCOM E RECOVED
PER2320 45
Total Dividends and Interest - U.S. DOLLARS 0.00 25.440.61
Fees
07/13117 FEE ON FORBGN DIVIDEND 5000 SHRS GLAXOSM ITHKUNE PLC SPONSADR RO 05/12 PD -25.00 UW
WITHHELD AT THESOURCE 07109
GSK
Total Fees - U.S. DOLLARS 0.00 -25.00
Total Value of Transactions 0.00 -16,958.022.72 USD
The price and quantity displayed may have been rounded.
Page 15 of 18
Raad (Kont" Cleehm floot Pest^ LLC. a tolmayomed
tee Wat 5.rce 2CO/ stamitlim of Me Ponk er New Vak Mam
CONFIDg DAMAR RATIO COMUMCA1106 Capo-20mM« Meloo)
aCttlfila PetthinellC.~ Op MsR A3nODrNm: 000304613513
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB Y 0 9 82
EFTA_00 156967
EFTA01289330

Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%01P ond %of Bond
Bone Guilty Mattel Value Market Value Percent of Axed Income Bend Maturity Market Value Market Value
A 2,444,310.00 13% 6 to 10 years 309,750.00 1%
BAA 8,532,500.00 44% Over 10 years 18,824,851.29 98%
BA/ Lower 7,672,817.50 40% Total 19,134,601.29 100%
Not Rated 484,973.79 3%
Total 19,134,601.29 100% 0 20 40 80 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
T ades Not Settled
Settlement Trade Mirky Acaueil Settlement
Date Date Type Desaloilloa Quantity Price lotus AmouM
08101117 07131117 Short Sale PUT MO ADVANCED MICRO DEVICES INC -201000 0.7700 0.00 15.19314
COM EXP09-15.17410000
OPTION ROOT: AM 0 OPENING TRANSACTION
UNCOVERED UNSOL
EXCHANGE HEM
Total Amount of Trades Not Sett led 815,103.84
Client Service Information
Your Investment Specialea: ENJ Contact Information
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YORK NY 10017
Page 16 of 18
Rated balk. Clozelas through Pantiles1.Mo Sbaly *vend
bery Yea, Sect MO/ stiosidiory of Ow Bark of Now Ycelt Mace
CONFIDWAL-4 DALIAlt RATED COMMUNICATiOt6 Comotatlas Ma Mellon)
pruritic( Pestling men**. FINR,Salye,GM_00046359
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009183
EFTA_00156968
EFTA01289331

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
July 1,2017 - July 31,2017
SOUTHERN FINANCIALLLD
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that It receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 4.0.3333.AI' other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be • t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Raze, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Page'.? of 18
Rated (.taller Cleating through Perstarell.C. • milmay turned
(n.y Year Sect 2C0/ stinicliary of eve BOSCO Now Ycelt Melba
CONFIDWFAL Inge D a A c L t 1 u AR D R i A a T ED COMUNICATiOt6 P C e or ts p h or in at e io L n L ( C Il A tl r y ta M in e . F te IN / RAAVYNyelt 0 0046360
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DS-SONY-0009184
EFTA_00156969
EFTA01289332

Important Information and Disclosures (continued)
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding:a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents. w itness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reasons) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department. One Pershing Plaza, Jersey City, New Jersey 07399;
Page '8 of '8
Rackl (Anneal Owing throush hairsLC.4 away owned
fray Year &ace 2001 sticliary a the Bark a New Yak Wean
CONFID DAL/AR RATED COMUNICATONS Corporation (MY Mete)
mama
Petshift mtnin FINRA.VAPIIELGM_00046361
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009185
EFTA_00156970
EFTA01289333

a
Deutsche Bank Drutt.tRo Lint 'risen N•allhhAlaletmett
mantis cperate C404:
O•hiche M,* SrAediel
P.O. Box 1776, Baltimore, MD 21203 W.Vd Yon C.ite
365 Pot ottenva. )611110N
Nero Vial"
fall sr,.
Cirett
June 1, 2017 - Jun
Account Numberill.
SOUTHERN FINANCIAL LLC
6 10 0 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio a: a Glance
ThisPerled Yew-to-Clete
Your investment Specialist. BEGINNING ACCOUNT VALUE 9121,795,105.41 9117,089,956.26
JOSHUA SHOSHAN Net Cash Deposits aid Withdrawals 0.00 -1,132,731.96
Net Securities In/Out of Account 0.00 -14,366.000.00
Adjusted Previous Account Value 121,795,105.41 101,571,224.30
0Mdends.interest and Olhet Income 190,767.47 1,714,677.62
Total Taxes Withheld 0.00 4,078.09
Net Other Activity 0.00 450.00
Net Change in Portfolio 4,182,175.08 17,524,221.97
END INGACCOUNT VALUE 1=MMI
Accrued Interest 3244,394.45
Estimated Annual Income $8,104.479.23
Asset Summary
Percent Awed Type Wier Year•Ead led Pead lbisPeriod
. 14% Cash, M oney Funds, and Bank Deposits 15,884,445.94 17,016,317.53 17,207,928.65
IM 16% Fixed Income 19,233,099.80 19,104,641.04 19,135,454.66
. 67% Equities 19,000,010.52 82,614,546.64 61,340,314.59
En 3% Exchange-Traded Products 2.972.400.00 3,059,400.00 3.120.000.00
100% Account Total (Pie Chart) 9117,089,958.28 $121,795,105.41 $120,803697.80
Please review your allocation periodically with your Investment Specialist.
Page let 19
Rated(Kellem Cloy/ft through PINS. LLC. slicayowned
(*o,YearS.me200/ Snider" of the Soak el Ws Yak Aim
CON F ID gifFAL D a A c L i B tt A u R t R a A TUDCWOAUNKAM6 Corporation tear MOW ra_00046362
hi shine mend:et FINRAAW SIW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OO09186
EFTA_OO156971
EFTA01289334

Summary of Gains and Losses
Peaked
This Period vear4o-Dele Metalloid
Short-Term Gain! Loss 843.65 843.65 0.00
Long-Term Gain/ Loss 507.05 111,283.36 22,050,118.09
Net Gain! Loss 1,350.70 112,127.01 22,050,118.09
This summary excludes transactions where cost basis information is not available.
For Your Information
The European Central Bank (the' ECEr ) and other credit institutions introduced' negative interest rates' Negative interest expense may be charged to your account if you have a
deposit of foreign currency. The interest will be reported on your Forms 1399 and/ or 1042 S These rates are subject to change in response to market changes, and we may, in the
future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances.
Money Market Fund Detail
Oate Activity Type Desalptin Amount flaimice
&weep Money Market Fund
DEUTSCHE GOVT CASH INSTL
Current Yield 0.88% Activity Biding:08/ 30117
06101117 Opening Balance 16,887,370.60 18,887,370.80
06/01/17 Deposit MONEY FUND PURCHASE 128,946.93 17.0103,317.53
06/16/17 Deposit MONEY FUND PURCHASE 49,380.00 17,065,697.53
06/26117 Deposit MONEY FUND PURCHASE 37,059.50 17,102,757.03
06/27/17 Deposit MONEY FUND PURCHASE 3,360.28 17,108,117.31
06/26/17 Deposit MONEY FUND PURCHASE 36,524.90 17,142,84211
08/30/17 Deposit MONEY FUND PURCHASE 4,212.00 17,148,85421
08130/17 Deposit INCOMERBNVEST 11,274.44 17,158,128.85
06/30/17 Closing Balance $17,156,128.65
Total All Money Market Funds 817,158,128.85
Income and Expense Summary
Cement Period Yea4coDato
Taxable Non Taxable Taxable Non iambi.
Dividend Income
Equities 41,271.50 0.00 654,986.43 0.00
Money Market 11,274.44 0.00 50,058.66 0.00
Other Dividends 49,800.00 0.00 417,800.00 0.00
Page 2 of 19
Rated ticellent Clexing through Perstars LUX. a abaft toned
bort Yew Since 2C0/ Snider" a Ow Barra Now Yak Melba
CONFIDWFAL4- D EA A R U W M R IG A ( R D COMMUNICATIONS c P o e r n p n o in ra e t ion (M m Y on W te. I F W IN I RA.Mtl 00046363
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DS-SDNY-0009187
EFTA_00 156972
EFTA01289335

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
lune 1, 2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary (continued)
Orient Period Year4a-Date
Taxable Non Taxable Taxable Non Taxable.
Interest Income
Bond Interest 88,421.53 0.00 278,527.35 0.00
Other Interest 0.00 0.00 67,937.60 0.00
Expenses
Withholding Taxes 0.00 0.00 1,076.09 0.00
Fees(Foreign Securities) 0.00 0.00 -250.00 0.00
Total Dividends, Interest, Income and Expenses $190.767.47 $0.00 51.460.983.95 $0.00
Distributions
Alternative Investments 0.00 0.00 0.00 247,361.58
Other Distributions 0.00 0.00 0.00 17,595.42
Total Distributions $0.00 $0.00 $0.00 $264,963.00
Portfolio Holdings
Account Acuity Opening Oombig Accrued Nome 30.Dey Olnal
Opening Date Quantity Number Ending Balante Mama Income ThNYeat Add Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 14 00% of Portfolio
Cash Balance 128,946.93 0.00
Margin Balance 0.00 49,800.00
Money Market
DEUTSCHE GOTT CASH INSTL
06/01/17 17,158,128.650 N/A 06/30117 16,887,370.80 17,158,128.65 843.32 50,058.68 0.80% 0.86%
Total Money Market $16,887,370.60 $17,158,128.65 $843.32 $50,058.66
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $17,016,317.53 $17,207,928.65 $843.32 $50,058.66
Page 3 of 19
Rated (ottlket Cloarlas through P Wie LLC,a Sbaly owned
Even Year SoKe 200/ adnithory of Ow Barka Now YM Melba
CONFIDWFAL DALBAR RATED COMMUNICATIONS Corporation (VW Waal
••••• tzetteletCE Pashint motto FINROARtlieleM_00046364
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DEI-SDNY-0009188
EFTA_00 156973
EFTA01289336

Portfolio Holdings (continued)
Adjusted Unaeallzed Accrued Estimated EslIntaled
Date Acquired Quantity Unit Cog Cost Sags Market Rice Market Value Gaintoss Interest Annual Income Yield
FIXED INCOME 16.0 0% of Portfolio (In Maturity Dale Sequence)
eAsset Backed Securities
WASHINGTON MUT MTG SECS CORP 2004•RA2 Security Ideatifies.939336320
NIG PASSTHRU CIF CL C-B-I VAR RATE
7.113%07/25/33 DTD 0610704
Factor: 0 13792339 Effective Date:06/0ff/
Current Face Value. 564.921173
12113113'3° 1.290.000.000 76.5190 432.269.81 86.1170 486,493,17 54,223.36 3,235.90
Original Cost Basis: $638,906.71
Total Asset Backed Securities $432,269.81 $486,493.17 $54,223.36 $3,235.90 $0.00
1,290,000.000
Total Current Face Value:564.921.173
Corporate Bonds
BARCLAYS BK PLC CONTINGENT CAP NS Security Identifier. 06739FHKO
ISINSUS06739FHK037.750% 041912381E
DTD 04/9/13 CALLABLE 04191ES8 P Rating BB•
04/03/I3 " En 300,000.000 100.0000 300,000.00 104.0000 312,000.00 12,000.00 5,166.67 23,250.00 7.45%
Original Cost Basis: $300.000.00
ORGAN CHASE 8 CO DEP SHSREPSTG Security Identifier 46625HHA1
79TH PFD SER 'FIXED TO RIG RT BD
7.900%04/29/49 BIE CID 04/23/08M oody Paling BAA3 $ P
Rating BBB.
06/15111 2,500,000.000 107.5000 2,687,500.00 103.9500 2.598.750.00 .88,750.00 32,916.67 197,500.00 7.59%
Original Cost Basis: $2$87,50000
06/15/11 " i2 2.500.000 000 107 0000 2.675.000.00 103 9500 2.598.750.00 -76.250.00 32,916.66 197,500.00 759%
Original Cost Basis: $2,675,000.00
Total Noncovered 5,000,000.000 5,362,500.00 5,197,500.00 ,165,000.00 65,833.33 395,000.00
Total 5,000,000.000 $5,362,500.00 85,197,500.00 4165,000.00 $65,833.33 3395,000.00
BANK AM ER CORP PERP NON COM ULATIV E DEP Security Identifier: 060505018
SHS FIXED TO FLOAT 8.25% 04/30/58 B/E
DID 04130/08 CALLABLE05/16MM oody Rating Ba2 S8 P
Rating BB,
01/10/11 " j2 2.000.000.000 102.7500 2,055,000.00 103.9850 2,079,700.00 24,700.00 20,312 50 162 500 00 7 81%
Original Cost Basis: $2,055,000.00
Page 4 of '9
Wed (scant Owing trough Perstars LC, iabany owned
L- Gm Yee/ Since 2C01 stinkliary of 4.4 Bark el New Yak Maw
CONFIDg 4 DALIAN RA TED COMUNICATIONS Corporation (OM Mace)
DICILLUICI Pershing Lit...wads FINRA. fWV NENm_00046365
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009189
EFTA_00 156974
EFTA01289337

PA Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
June 1, 2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Algoma Mot* Accrued Waded Edkuted
Date Acquired Quantity Unit com Cast Batas Market Fine Market Vaite Gain rims Mend Maud home Yidd
FIXED IN COM E (continued)
Corporate Bonds (continued)
SOUTHERN CALIF EDISON CO PREF SER E Security Identifier: 842400 FU2
6 250%0 T17/62 BIE DID 011712
CALLABLE 0210122 Cr 130 000M ood y Rating BAMS P Rat itig
BBB-
01130/12 '.3"1 3.000.000.000 99.8670 2.996.011 29 110.7500 3.322.500 00 326.488.71 77,604.17 187,500.00 5.64%
Original Cost Basis: 52,992,564.91
GENERAL ELEC CO GTD FXD TO- FLTG RT Securdy 3696048144
NON-CUMULATIVE PERPETUAL PREFERRED
4 000% 12(03/65 REG 010 12/03P6Moody Rating A3 S8 P
Rating A
12/03/15 2,469,000.000 88.0930 2,175,016.17 100 5000 2,481,345 00 306,328.83 4,115.00 98,760.00 3.98%
Original Cost Bash: 52,45,011.4
5LLOYDSBANKING GROUP PLC FXD RATE RESET Swirly Identifier 539439AG4
AD DL TIER 1SECS ISINSUS539439AG42
7.500% 0407/88 BIE DTD 04107/14S8 P Rating BB-
Please Provide' 1,903,000.000 N/A Please Provide 110.3130 2,099,256.39 N/A 1,189.38 142,725.00 6.79%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier 4296725
5.950% 08/ 6/88 8/E DID 08112/15
CALLABLE 08179120 130.000M oody Rating BA2 P Rating
ElB+
08/06115 3,000,000.000 100.0000 3,000,006.00 105.2220 3.156.660.00 156,654.00 66.937.50 178.500.00 5.65%
Original Cost Bas $3,000,006.00
Total Corporate Bonds $15,888,533.46 $18,648,961.39 $661,171.54 $241,158.55 $1,188,235.00
17.672.000.000
TOTAL FIXED INCOM E $16,320,803.27 $19,135,454.56 $715,394.90 $244.394.45 $1,188,235.00
18,962,000.000
Page 5 of '9
Rated (Kell." Cleating VVOUgh Pershing LUC a Sbany owned
ben, Year Sect 20O1 stinithory of the Bark of New Yak Mellon
CONFIDg DALBAR RATED COMMUNICATORS Corporation (OM Mellon)
acittuta Ptrshinellf. mat. FINRA. AWSit! m_00046366
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009190
EFTA_00 156975
EFTA01289338

Portfolio Holdings (continued)
Unrealized Estimated Estimaled
DateAcquired Quantity Unit Co! Cost Bale Market Price Market Value Gainfloss Annual Income Yield
EQUITIES 6 7.0 0% of Portfolio
Common Stocks
OBILEYE NV AM STELVEEN ORO SKS Security Id trifled: MBLY
MN. 610010831361 CUSP. N51188117
Dividend Option: Cash
08101114 800.000 25.0000 20.000.00 62.8000 50 240 00 30.240 00
ADVERUM BIOTECHNOLOGIESINC Secuiily Wen' ilia. ADVM
COM ClISIP. 0077311138
Dividend Option: Cash
04/20/15 10,000.000 39.8610 398506.00 2.5000 25.000 00 -373,606 00
AKORN INC COM Security Identifier: ikKRX
Dividend Option: Cash CUSP. 00972816
06/10/15 5.000.000 46.8410 234.206 00 33.5400 167,700 00 16,506 00
ALIBABA GROUP KM LTD SPONSORED ADS Senility Wachner MBA
ISMS USO $09W1127 CUSP:0$09W132
Dividend Option: Cash
06/10/15 5.000.000 88.9500 444.749 00 140.9000 704.500.00 259.751 00
ALLIANZ SE SPONSADR REPSTG 11)31IS Security Iden1h er: AZSEY
Dividend Option: Cash CUSP. 01380591
04/13/15 5,000.000 18.0110 90,056 00 19.7750 98,875.00 8,819 00 3,054.30 3.08%
APOLLO GLOBAL MGM T LLCCL A SHS Security Idealdim:APO
Dividend Option: Cash CUSP 03762306
03/29111 ".1) 263,157.000 19.0000 4,999.983 00 26.4500 6 960.502 65 1560,519 65 436,840 62 6 27%
APPLE INC 00M Security Idealifier.AAPL
Dividend Option: Cash CUSP:037833130
09/05/14 38.180.000 98.9500 3.171.912 53 144.0200 5.498.683.15 1720.171.22 96.213.60 1.74%
09105114 3 7200.000 98.9500 712,440 29 144.0200 1,036,944.17 324,503 88 18.144.00 1.74%
09/05/14 3 18,620.000 98.9500 1,842.449 74 144.0200 2.681.652.26 839,202.52 16,922.40 1 74%
01/11/16 250,000.000 99.0000 24,750,006 00 144.0200 36,004,999.82 11,254,993.82 630,000.00 1.74%
Total Covered 314,000 000 31,082.808 56 45,222.280 00 14,139,471 44 791,280.00
Total 314.000.000 $31.082.808.56 545.222.280.00 $14,139,471.44 $791.280.00
ASCENA RETAIL GROUP INC COM Secolity Identifier: ASNA
Dividend Option: Cash CUSP:0435101)1
01/16/01" 70,500.000 21.2770 1500,000 00 2.1500 151,57500 -1,348,425 00
Page 6 of '9
Rated link. Owing trough Pers4Ing LC. a ...Kay owned
Every Year Sect 240/ stinicliary atnlorta New Yak Melon
CONFID DALBAR RATED COMMUNICATIONS Corporation (MY Melee)
asthma Ptishine 11C. men**. .H RA. flYM Se&IVI_00046367
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009191
EFTA_00 156976
EFTA01289339

O
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
June 1,2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
uncial:ad EtJaated EMImated
Date Acquied Quantity Unit cot4 Cost Beds Market Price Market Vaice Gaiorloss Maual lamme Yield
EQUITIES (continued)
Common Stocks (continued)
BASF SE SPONSADR Securely Identifier: BASFY
ISMS US0552625057 CUSP. 055262505
Dividend Option: Cash
04/13/15 5.000.000 508.056.00 93.2900 466.450.00 41.606.00 12.092.13 2.59%
BANK OF NEW YORK M ICON CORP CON Security Identifier. BK
Dividend Cullen: Cash CUSIR 06105810
06/25/14 250.000.000 36.3060 9.076.00 51.0200 12.755.000.00 3.678.594.00 190.000.00 1.48%
BIOGEN IDEC INC COM Scarily Ideatifier. BBB
Dividend Option: Cash CUSP. 09052X133
02/14/12 2.095.000 231,019.65 271.3600 568.499.20 337,179.55
BIOVERATIV INC CON Sturdy Identifier: ElIVV
Dividend Option: Cash CUSH? 09075E90
01/11/12 1.017.000 18.5540 19.426.02 60.1700 62.997 99 43.571 97
CENTENE CORP DB. COM Security Identifier: CNC
Dividend Oplion: Cash MP. 1135B131
09/08/14 15.550.000 63.6450 989.679 75 79.8800 1,242,134.00 252.454.25
DISH NETWORK CORPCL A Warily Identifier DISH
Dividend Option: Cash CUSP 2517011139
06/10/15 5,000.000 72.9960 364.978 00 61.7600 313,800.00 41,178.00
FACEBOOK INC CL A Security Idealifier FB
Dividend Oplion: Cash CUSIR 3030302
05/17/12 " 3 17.500.000 38.0000 665.000 00 150.9800 1.612.150.00 1.977.150.00
FOUNDATION MEDICINE INC COM Security Identifier. FM I
Dividend Option: Cash CUSP:35046510
01/13/11 25.000.000 27.5070 687.663 .50 39.7500 993.750.00 306.086.50
08/05/11 21.830 000 13.2530 577.373 .02 39.7500 986.992.50 409.619.48
Total Covered 49.830 1.265.036 52 1,980,742.50 715,705.98
Total 49.830 000 81,265,036 52 $1,980,742.50 $715,705.98 $000
Page 7 of
'bled twellent Clexhilbrough P.M" LI.C. a 'Many owned
buy Y.:« satt 203/ ~Wiry of **Bank a New Yak Mean
CONFIDg DAUM...TM COMIUNICADONS Corporation (IINY MS)
FICILUSICI hrshim lIC.m en«. FINRA.AWIN 00046368
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009192
EFTA_00 156977
EFTA01289340

Portfolio Holdings (continued)
Unrealized Estimated Estintaled
OmeAceteired Quantity Unit Cog Cost Basis Market Price Market Value Gainless Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
GENERAL ELECTR1C CO COM Security Identifier GE
Dividend Oplion: Cash CUSP 369604133
04123113' 23,000.000 21.5700 496.109 08 27.0100 621.230 00 125.120 92 22,080.00 3.55%
GENERAL M TRS CO COM Security Identifier' GM
Dividend Oplion: Cash CUSP. 370451(100
11/18/10' 10.988.200 36.4010 399.978 16 34.9300 383.817 84 -16,160.32 16,702.06 4.35%
12/09110 86,536.800 36.8160 3,185,969 22 34.9300 3 022.730 41 -163,238 81 131,535.94 4.35%
Total Noncovered 97,525.000 3,585,947 38 3,406,548 25 -179,399.13 148,238.00
Total 97,525 no 83,585,947 38 $3,406,548.25 4179 399 13 $118.238.00
GILEAD SCIENCES INC Security Identifier. GILD
Dividend Oplion: Cash CUSP: 37555803
02105114 5.000.000 79.2810 396.407 00 70.7800 353.900.00 42.507.00 10.400.00 2.93%
03101114 3.100.000 79.6120 246.797 00 70.7800 219.418.00 -27.379 00 6,448.00 2.93%
Total Covered 8,100000 613,204 00 573.318.00 -69,886 00 16,818 OD
Total 8,100.000 $643,204 00 3573,318.00 -869,886.00 $16,848.00
GLAXOSMITHKUNE PLC SPONSADR Security Idealdeer:GS(
Dividend Oplion: Cash CUSP 37733W 95
06110115 5,000.000 43.0010 215,006 00 43.1200 215,600 00 594 00 9,839.73 4.56%
GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU
UNIT ICOM 8 1WT EXP CUSP: 37954X204
Dividend Oplion: Cash
07/30/15 • 2.000.000 10.0000 20.000 00 9.8500 19,700 00 300.00
GODADDY INC CL A Securely Identifier:CODY
Dividend Oplion: Cash CUSP:380237W
04/01/15 700.000 20.0000 14,000.00 42.4200 29.694.00 15,694.00
MATCH GROUP INC COM Security Wenlifier MICH
Dividend Oplion: Cash CUSP: 57665R136
11/18/15 200.000 12.0000 2.400.00 17.3800 3,476 00 1,076 00
SANGAMO BIOSCIENCES INC COM Security Identifier: SGil 0
Dividend Oplion: Cash CUSP. 800677136
05/28/13 t° 50,000.000 8.4440 422.211.00 8.8000 440.000.00 17,786.00
SANTANDEROONSOM ER USA IILDGS INC COM Security Identifier: SC
Dividend Oplion: Cash CUSP:80283M 91
01123114 1,000.000 24.0000 24,000.00 12.7600 12.760.00 -11,240.00
Page 8 of '9
Rated twelkat Cleatins through Ponta% LUC a Many armed
ben Yew Seem 2001 stirLdiary of 4.4 Bark New Yak Maw
CONFIDOI DAUM Ott) COMMUNICATIONS 44414tation (My Melee)
DICILLOICI Pttshing Lit...wads FINRA.9W m_00046369
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009193
EFTA_00156975
EFTA01289341

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
June 1,20 17 - June 30, 2017
SOUTHERN FINANCIAL=
Portfolio Holdings (continued)
Unrealized Estimated Estimated
Date An:It:red Quantity Una Col Cod Beds Market Price Market Value Gain Loss Annual income Yield
EQUITIES (continued)
Common Stocks (continued)
SQUARE INC CL A Security 'darnWier:SO
Dividend Oplion: Cash CUSP. $52234 03
11119115 200.000 9.0000 1,800.00 23.4600 4.692 00 289200
TERRAFORM GLOBAL INC CL A Security Wenl Wier: GUI
Dividend Option: Cash CUSIP:1104M131
07/31/15 400.000 14.5550 5121.84 5.0500 2020.00 4.801.84 440.00 21.78%
TWITTER INC COM Security Weel diet MIR
Dividend Oplion: Cash CUSIP 90134192
11107113 1.500.000 26.0000 39,000.00 17.8700 26.805.00 42,195.00
VIACOM INC NEW CL B Security Identifier VIAB
Dividend Oplion: Cash CUSP 925539201
06110115 5,000.000 67.7490 338,745.00 33.5700 167 850 00 -170,895.00 4,000 00 2.38%
YOLKS/JAGER A GADR (SDORS) Security Identifier: VLKAY
Dividend Oplion: Cash CUSIP: 928662303
04113115 5,000.000 50.8610 254,306.00 31.1250 155.625 00 48,681.00 1,706.59 109%
WISDOM TREEINVIG INC COM &rarity Id Wilier WETE
Dividend Option: Cash CUSP:97717PN
03/31/15 15,000.000 21.6110 324,157 50 10.1700 152,550.00 -171,607.50 4,800.00 3.14%
Total Common Stocks $58,276,721.30 $79,244,314.59 $20,967,593.29 $1,641,219.37
Preferred Stocks (Listed by expiration date)
GMAC CAP TRIGTD TR KO SECS SER2 CPN• Secority Identifier: ALLY PRA
8.125% FREO DRILY MATT-02/1512040 CALL CUSIP. 36160298
ANYTIM EI25 WI30 GAYS BESNS02/6/6
Dividend Option: Cash
om 2112 .•13 80.000.000 23.5350 1,882,773.60 262000 2.096.000.00 213,226.40 142.432.00 6.79%
Total Preferred Stocks $1,882,773.60 $2,096,000.00 $213,226.40 $142,432.00
TOTAL EQUITIES $60,159,494.90 $81,340,314.59 $21,180,819.69 $1,783,651.37
Page 9 of 19
Rated (mtelkot Owl% through Pestarell.C. alb* aimed
Even, Year SoKe 2OO1 stinithory of Ow Bark of New Ycelt Melba
CONFIDOWAL DALBAR RATED COMMUNICATIONS corporation (MY NNW)
••••• (XCO.LINCE Ptrshint monSt. FINRA.6414401 A-00046370
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) OB-SDNY-00O9194
EFTA_00156979
EFTA01289342

Portfolio Holdings (continued)
Unrealized Estimated Mailed
Date Acquked OustIty Una OA Cost Bads Merkel Price Market Value Ceram Annual income Yield
EXCHANGE-TRADED PRODUCTS3.00% of Portfolio
WISDOM TREE TR WAN HEDGED EQUITY FD Security Identifier: DXJ
Dividend Option: Cash; Capital Gains Option: Cash CUSP 971112/'851
60,000.00 of these shares are in yoar margin amount
12111113 60,000.000 49.4350 2,966,098.50 52.0000 3,120,000.00 153,901 50 82,534.20 244%
TOTAL EXCHANGE-TRADED PRODUCTS 62,966,098 50 63,120,000.00 8153,901.50 882.534.20
Unlearned Awued Winded
Cod Baia Merkel Value Geinitors Interne Anneal Income
TOTAL PORTFOLIO HOLDINGS $96,654,325.32 $120,803,697.80 $22,050,116.09 $244,39445 83,104,479.23
Noncovered under the cost basis rules as defined below.
Securities acquired before 20 llor in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1988, as amended
("IRC") (incorporating amendments enacted by P.L.110-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore, considered 'noncovered' under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Sock in a corporation acquired on or after January 12011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or alter January 1, 20 12
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed , there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
6 The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
12 Pershing has received updated cost basisinf ormation, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis including short positions at the close of the statement period The market
Page 10 of 19
Rated hcatett Cleadas through Pershing LUC, Sbaly wonted
Even( Yea, Stree 200/ sidesidiory of &eller. a New Yee Mellen
CONFIDNVAL ••••• D IX e C d C I U A ( R 1 4 R C A E T ED COMMUNICATIONS C P o a e s p ti o n n g t 1 le 1 e C t . ( m tN e Y n e M te e . l l n on r ) a kfiRIOYetelt0 0046371
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009195
EFIA_00156980
EFTA01289343

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
June 1,2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Pricing (continued)
prices. unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEASOF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic. political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/ business_continuity.htm I for specific details as to formulas used to
calculate the figures. Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account Pershing may automatically convert foreign currency to or from U S dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day. increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard I. Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
Page 1' of -.9
Rated ['anent Owing trough Pers4Ing LAC, inkony wooed
Lady Year S.nct MO/ adnicliary of theBark of New Yak Melon
CONFIDg DALIAR RATED COMMUNICATIONS Corporation (ONY A14/464)
actuuta Ptishinellf.rnenix, FINRA.AW Imo'M _00046372
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009196
EFTA_0015698 I
EFTA01289344

Portfolio Holdings Disclosures (continued)
Ratings (continued)
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard 11 Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any tees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities; and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Schedule of Realized Gains and Losses Current Period
Date Date Realized
Desorption Cicala Acquired Designation Oispontion Method Treesection Quantity Proceeds Cop Bois PiroLon
Short Term
ALTICEUSAINCO.A 06122111 06122117 Covered First In Hest Oul / SELL 500.000 15,843.65 15,000.00 843.65
Security Identifies:02156KM
Total Short Term 15,843.65 15,000.00 843.65
Long Term
WASHINGTON N UT II TG S 06/22/17 12/13113 Noncovered" REPYM T OF PRIN 1,290,000.000 2,159.36 1,652.31 507.05
004-RA2 LITG PASSTHRU CTF CL C- Original Cost Basis: t652 31
8.1VAR RATE 7.113% 07/25/33
Security Identifier: 939336520
Total Long Term 2,159.36 1,652.31 507.05
Total Short and Long Term 18,003.01 16,652.31 1,350.70
' Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to 1h e new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC")
( incorporating amendments enacted by P.L.110.343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are "covered" under the new
cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or alter their "applicable date(s)' at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1399-El for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1, 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 202
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
Page 12 of 19
Rated tuelkot Clearlas through PestanglIX. a Sbaly ("mod
hay Yea Sege 2001 ad:8*m of ft Bark er Now Ycelt Melba
CONFIDfilrAL-4 DALBAR RA TED COVOAUNICATTONS Corporation (MY WIW)
DICILLUICI Pa %hint motto FINRA.Mtlifyelt 00046373
CONFIDENTIAL — PURSUANT TO FED. R CRlM. P. 6(e) DB-SDNY-0009197
EFIA_00156982
EFTA01289345

PA
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
lune 1,2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Schedule of Realized Gains and Losses Current Period (continued)
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes. especially for noncovered securities Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions. has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with lessthan one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method. your account will be defaulted to First In. First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may
be reported on the IRSForm 1099-B.
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospect us or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
The U.S. will adopt a shortened settlement timeframe beginning with trade date September 5, 2017, for equities, corporate and municipal bonds, and unit investment trusts. Moving
from a T+3 to a T+2 settlement cycle will provide faster access to sale proceeds. but it also means that funds will be due on purchase transactions earlier. This may be a good time to
consider e-delivery of your account documents-including trade confirmations, account statements and more. Ask your advisor or financial insititut ion about how you can set up
e-delivery.
Page '3 of '9
Rated botnent Cloning throush halo{ LUC, a Sway owned
beef Yew Since 2C01 "ISSN" of ** Barra New Yak Megan
CONFIDg DAIL!, RA TED COMMUNICATORS Corporation (IINY Mellon)
DtallUla Pershing titan...yin FiriRA.BN:sDlikN yM: 000000496139748
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) D
EFTA_00 156983
EFTA01289346

Activity Summary (.1 a s. CL, rte, Cj)
*KR: ThIsPerlod Debits ThisPetIod Net TbIsPerlod °edits Year-to-Dale CieheisTesmo-Date Net Year-to-Date
Securities
Securities Bought 0.00 -15,000.00 -15.000.00 0.00 -15,000.00 -15,000.00
Securities Sold 15.84315 0.00 15.843.65 406.579.03 0.00 406.579.03
Securities Withdrawn 000 0.00 0.00 0 00 -14,366,000.00 -14,366,000.00
Total Securities $15,843.65 415,000 00 $843 65 $406,579.03 414,381,000.00 413,974,420.97
Dividends and Interest $190,767.47 $0.00 $190.767.47 $1.556.560.04 489.250.00 $1,467,310.04
Distributions $0.00 $0.00 $0.00 $623,751.69 $0.00 $623,751.69
Fees $0.00 $000 $000 $0.00 4350.00 4350.00
Taxes Withheld $0.00 $0.00 $0.00 $0.00 46.076.09 46,076.09
Cash
Withdrawals 0 00 0.00 0 00 0 00 -1,132,731.96 -1,132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 -$1,132,731.96 41,132,731 96
Totals $206,611.12 415.000 00 $191,611 12 $2.586.890.76 415,601408.05 413.022.517 29
Transactions by Type of Activity
Prows Trade
Settlement Transaction
Date Me Activity Type Description Camay Price Awued Amount Currency
Securities Bought and Sold
06/27/17 06122)17 SOLD Alta USA INC CIA UNSOLICITED ORDER ALLOCATED ORDER 400.000 31.8000 15,843.65 USD
ATUS YOUR BROKER ACTED AS AGENT
06/27/17 06122/17 PURCHAS9) aria USA INC CIA PROSPECTUS UNDER SEPARATE COVER 500.000 30.0000 -15,000.00 USD
ATUS
Total Securities Bought and Sold - U.S. DOLLARS 0.00 843.65
Dividends and Interest
06/15/17 BOND INTEREST RECEIVED 2469000 GENERAL ELK CO GTD FXD-TO-FLTGRT 49,380.00 USD
3696048114 NON-CUM ULATIVE PERPETUAL PREFERRED 4 000%12103165
REG DTD 12/03/5 CLB RD 05/31PD 06/1117
06123/17 CASH DIVIDEND RECEIVEC 97525 SHRS GENERAL M TRS CO COM RD 06/09 PD 06/23/17 37,059.50 USD
GM
06/26/17 BOND INTEREST RECEIVED 1290000 WASHINGTON M UT M TG SECS CORP 2004-FLA214 TG 3360 28 USD
939336520 PASSTHRU CTF Cl C-B-1VAR RATE 7.10% 07/25/338/E DTO
06/0 TO 4 RD 05/31PO 06125/f/
06127/17 FOREIGN BOND INTEREST 103000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL 35.681 25 USD
539439AG4 TIER 1SECS ISMS US539439AG42 7.500% 04127/88 DIE DTD
04/07/14 CIS RD 06126 PD 06127/17
Page '4 of '9
Ras link.% Clestlas trough Pershing LC. a Sbany tens
Cnry Yew Sect 2001 adnidiary of We Bark of New Yak Melon
CONFIDO' DALBAR RATED CONMUNICATiOt6 Corporation (ely Melon)
amine( holing 11C. rnendx. FINRA.W$46 7.e&IVI_00046375
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009199
EFTA_00 156984
EFTA01289347

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
June 1, 2017 - June 30, 2017
IM IIIIIIIIIIIIIIIIIII II
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Roast: Trade,
Settlement Transaction
Dale Dale Activity Type Description Quietly Price Accrued Meted Amount Wiener
Dividends and Interest (continued)
08129/17 CASH DIVIDEND FECEIVED EDO SHRS GILEAD SCIENCESINCRO 06/1PD 06/29/ 4,212.00 USD
OLD
06130/17 MONEY MARKET FUND DEUTSCHEGOVI CASH 11,214.44 USD
INCOMERECBVED
PER232045
06130/17 CASH DIVIDEND RECEIVED 60000 %IRS WISDOM TREE TRAPAN HEDGED EQUITY FD RO 49,800.00 USD
DXJ 06/28 PO 064311
Total Dividends and Interest - U.S. DOLLARS 0.00 190,761.47
Other Transactions
06108/17 REORGANIZATION INSTRUCTION QTY 800 MOBILEYE HMI STELVEEN ORD SHS 0.00 USD
WILY INNS NL001183181BBAPT FROM TAX
Total Other Transactions - U.S. DOLLARS 0.00 0.00
Total Value of Transactions 0.00 191,611.12 USD
The price and quantity displayed may have been rounded.
Cash Not Yet Received
Security Record Date Payable Dale Ilerlity Held Rate Divided Option Amount of Payment
Dividends
GEN DIAL ELECTRIC CO COM 06119117 07125117 23,000.000 0.240000 Cash 5,520.00
VIACOM INC NEW CL 06115/11 0210311T 5,000.000 0.200000 Cash 1,000.00
Total Cash Not Yet Received $6,520.00
Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the
information.
Page 15 of 19
Rated (m<elkot Cleating through Persian LIZ. R elle/ wood
Inn, Year SoKe 2001 adnicliary of coo Barra New Yak Stain
C0NFIDgfOrAL DAL BAR RA TED COVIMUNICATTONS Corporation (ONY NNW
WNW., EXCELLENCE slim 11C. ment. FINRA.644 Yfielt00046376
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DES-SDNY-0009200
EFTA_00156985
EFTA01289348

Fixed Income Analysis
Bond Quality Bond Maturity Schedule
%eland %or Bend
Bond Quality Medal Valve MAO Value Pawl of Axed income Bond MMurily Make Value Market Value
A 2,181,315.00 13% 6 tot) years 312,000.00 2%
BAA 8,520,000.00 44% Over 10 years 18,823,454.56 98%
BA! Lower 7,817,818.39 40% Total 19,135,454.56 100%
Not Rated 186,493.17 3%
Total 19,135,151.58 100% 0 20 40 80 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Client Service I nf ormati on
Your Invatment Specialin.ENJ Contact InfamMlon
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YORK NY 10017
Your Account Informal n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Page 16 of 19
Rated (Kenai Clwk, through P iaW llC.a milmay toned
(rev Year Sect 2001 .d»idwead»wra Now Ycelt Melba
CONFIDWFAL lawn D a A c L e B t A t R u R 4 A a T ED CONMUNICA11016 C Po or s p h o in ra g t 1 io 1 n C ( . M ...s Y w M im e F te IN ) RA.6414401 A-00046377
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009201
EFE4_OO156986
EFTA01289349

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
June 1,2017 - June 30,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents. the
acceptance and, in certain instances. execution of securities orders.the assessment of the suitability of those transactions. w here applicable, the rendering of investment advice.
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413.3333. All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection. Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement. to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LI_C, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by Jury, except as provided by the rules of the arbitration forum in which
a claim is filed
• Arbitration awards are generally final and binding:a party's ability to have a court reverse or modify an arbitration award is very limited
• The ability of the parties to obtain documents. witness statements and other discovery is generally more limited in arbitration than in court proceedings
• The arbitrators do not have to explain the reason( s) for their award. unless, in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto. shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified, or
Page 17 of 19
Rated balk. Owing through hams LUC a iittbany owned
bery Year S.ritt 2C0/ adosidiary a**Barka New Yak Mellon
CONFIDg DALBAR RA TED C0MMUNICATi0NS Co•Potation (IINY Melee)
actittoa SeNm-00046378
Ptrshinellf.rnendx. FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009202
EFTA_00 156987
EFTA01289350

Important Information and Disclosures (continued)
Important Arbitration Agreement (continued)
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LI_C, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399;
Page 18 of 19
Rated (“clkot CIwl through P.O.W. at.a saw/ ern d
Even, Year Seitt 2001 adnicliary of eh Bark a Now YM Melba
CONFIDNVAL DALBAR RATED COMMUNICATTONS Corporation any maw
DICOAINCE Ptrshint 11C. menbe. FINRA.WilYfielt00046379
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009203
EFTA_00156988
EFTA01289351

TERMS ANDCONDITIONS
TRANSACTIONS • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET MAKER, SPECIALIST, ODD LOT DEALER.
• ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE BLOCK POSITIONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME OF ANY
SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS, CUSTOMS. USAGES. RULINGS AND TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH
INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED.
THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED, OR IF APPLICABLE. OF THE FINANCIAL • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR
INDUSTRY REGULATORY AUTHORITY AND TO ALL APPLICABLE LAWS AND REGULATIONS. FINANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS
• TITLE TO SECURITIES SOLO TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL, SHALL REMAIN AVAILABLE UPON REQUEST
WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT • A FINANCIAL STATEMENT OF PERSHING IS AVALABLE FOR YOUR PERSONAL NSPECTION AT
DATE. WHICHEVER IS LATER. PERSHING'S OFFICES. A COPY OF IT WILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN
• YOU MAY HAVE RECEIVED CONFIRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR VIEW IT ONLINE AT WWW.PERSHING COM.
STATEMENT. IF SO, THE TRANSACTIONS WILL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWVV.PERSHING.COM/DISCLOSURES
TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. • THIS STATEMENT SHOULD BE RETANED FOR YOUR RECORDS.
THIS IS ESPECIALLY TRUE IF YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED.
FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES [REGULATION NMS-
FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S RULE 607(AX1)-(2)]
BOOKS OF RECORD. ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS.
PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION
DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES 14 YOUR ACCOUNT APPEARS ON THE NETWORKS. OR BROKER-DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED
STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE
FROM TIME TO TIME DUE TO FLUCTUATIONS IN MONEY RATES OR OTHER REASONS. INTEREST S ACCESS FEES TO PERSHING DEPENDING UPON THE CHARACTERISTICS OF THE ORDER AND ANY
COMPUTED AS DESCRIBED IN MATERIAL PREVIOUSLY FURNISHED TO YOU. PLEASE CONTACT YOUR SUBSEQUENT EXECUTION. THE DETAILS OF THESE PAYMENTS AND FEES ARE AVAILABLE UPON
FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPIES. WRITTEN REQUEST. PERSHNG RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW
MARGIN INFORMATION: IF YOU MAINTAIN A MARGIN ACCOUNT. THIS IS A CONENED STATEMENT OF TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY AND OPTION
YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MAINTAINED FOR YOU UNDER ORDERS TO ITS AFFILIATE. BNY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL
REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT COMPENSATION IS GENERALLY IN THE FORM OF A PER OPTION CONTRACT CASH PAYMENT.
RECORD OF THE SEPARATE ACCOUNT AS REQUIRED BY REGULATION T IS AVALABLE FOR YOUR BEST EXECUTION: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER
NSPECTION UPON REQUEST. FLOW. PERSHING SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER-THE.
TAX INFORMATION COUNTER AND EXCHANGE-LISTED SECURITES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS.
TRANSMITTED ELECTRONICAISY UP TO A SPECIFIED SIZE. AND TO EXECUTE THEM AT OR BETTER THAN
• AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATION TO THE INTERNAL THE NATIONAL BEST BID OR OFFER (P1880). ON CERTAIN LARGER ORDERS. OR F THE DESIGNATED
REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITIES AT THAT TIME PERSHING WILL MARKET CENTERS DO NOT MAKE A MARKET BI THE SUBJECT SECURITY. PERSHING DIRECTLY
PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU; USE THAT CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO
STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH
INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. QUALITY OF THEIR EXECUTIONS IN ONE OR MORE MARKET SEGMENTS ANO THEIR ABILITY TO PROVIDE
• DIVIDENDS. MEREST AND OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPERIOR TO THE N880. PERSHNG ALSO REGULARLY
AS TAXABLE OR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION REVIEWS REPORTS FOR QUALITY OF EXECUTION PURPOSES.
DATE. THIS (-• ASSFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS
GENERAL INFORMATION.
• PERSHING DOES NOT PROVIDE TAX. INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE
ASSOCIATED WITH PERSHNG IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY
SUCH ADVICE. IF GIVEN. INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO
DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS.
GENERAL INFORMATION
• WHENEVER YOU ARE NDEBTED TO PERSHING LLC (*PERSHING" FOR ANY AMOUNT. ALL SECURITES
HELD BY IT FOR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR
LIABILITIES TO PERSHING. AND PERSHNG MAY IN ITS DISCRETION AT ANY TIME. WITHOUT TENDER.
DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR
PRIVATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS:
ANY BALANCE REMAINING DUE PERSHNG TO BE PROMPTLY PAID BY YOU.
• WHENEVER YOU ARE NDEBTED TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR
YOUR ACCOUNT ARE OR MAY BE, WITHOUT FURTHER NOTICE TO YOU. LOANED OR PLEDGED BY
PERSHING. EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WLL PERMIT THE
COMMINGLING THEREOF. WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN. EQUAL TO OR
GREATER THAN YOUR LIABLMES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT
PROHIBITED BY LAW.
F ANY OF THE ABOVE TERMS AND CONDITIONS ARE UNACCEPTABLE TO YOU. REASE NOTIFY PERS-ING IMMEDIATELY IN WRITING ElY CERTFED MAIL TOONE PERSHING PLAZA JERSEY CITY. NJ 0T399. ATTN. LEON, DEPT
Page '9 of
Wed Exam CleatingD IM* P.O.W .R C. a SRO/ wind
hartYew Since ICO minicliory of the Bark a Now Yee Melba
CONFIDOMPAL4 [AMUR AM COMUNICATIOP6 Comontlas (IINY Mellon)
IDICILLDICI Pt/ shim . membH FINIUSWYBILGM—°°°4 6380
CONFIDENTIAL - PURSUANT TO FED. R CRAM. P. 6(e) DI3-SDNY-0009204
EFTA_00156989
EFTA01289352

O
Deutsche Bank O41.11.th• Sant PrI•alr MelhiAlaletennt
WIWI] COotratt C40.3:
0eviiche us, 3e-rwreer a.
P.O. Box 1776, Baltimore, MD 21203 POWYon elite
30 Pork Avenva, 160 Flax
Nero %AO
Toll s roe
Cern:
May 1,2017-May 31 2017
Account Number
SOUTHERN FINANCIAL LLC
6 10 0 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio at a Glance
his Period Yew-t-oDote
Your Investment Specialist BEGINNING ACCOUNT VALUE 8118,240,573.49 8117,069,956.28
ilk /SAN Net Cash Deposits ad Withdrawals 0.00 .1,132,131.96
Net Securities In/Out of Account 0.00 -14,366.000.00
Adjusted Previous Account Value 118,240,573.49 101,571,224.30
Dividends. Interest and Olhet locale 723.601.84 1,523,910.15
Total Taxes Withheld 4,076.09 4,076.09
Net Other Activity 400.00 450.00
Net Change in Portfolio 2,837,206.17 18,706,397.05
ENDINGACCOUNT VALUE
Accrued Interest 5232.263.91
Estimated Annual Income 53,069,504.79
Asset Summary
Percent Asset Type Prior Year-End last Period ThisPeriod
14% Cash, Money Funds, and Bank Deposits 15,864,445.94 16,298 991 78 11,016,311.53
IN 16% Fixed Income 19,233,099.80 19,100.314 80 19,104,841.04
68% Equities 79,000,010.52 79,777 066 91 82,614,546.84
2% Exchange-Traded Products 2,972,400.00 3,061,200 00 3,059,400.00
100% Account Total (Pie Chart) 5117,069,956.26 4118,240,573.49 $121,795,105.41
Please review your allocation periodically with your Investment Specialist.
Pagel of 18
Rated [scam Owing through Parsed% Lit. a elvaand
bay Yew Since 200? stinicliary of Ow Bank et Nes Yak IMItin
C0NFIDOMAL4 DALIN,P AM COMUNICATONS Corporation (MY NNW)
DICIILDICI Porrshirte molt. FINRA.AWPSeNm_00046381
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009205
EFTA_DO 156990
EFTA01289353

Summary of Gains and Losses
Realized
This Period Year4o-Date Dateline
Lone-Term Gain! Loss 449.65 110 776.31 23 37 501.32
Net Gain/ Loss 449.65 110,778.31 23,237,50112
This summary excludes transactions where cost basis information is not available.
Money Market Fund Detail
Date Activity Type Deeallion Amount Wince
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield: 014% Activity Ending:0 5/ 3V 17
04129/11 Opening Balance 18,298,991.78 18,298,991.78
05/02/17 Deposit MONEY FUND PURCHASE 197,500.00 16.498.491.78
05115/17 Deposit MONEY FUND PURCHASE 47,500.00 16,543,991.78
05/18/17 Deposit MONEY FUND PURCHASE 118,045.18 16,662,036.96
05/19/17 Deposit MONEY FUND PURCHASE 197,820.00 16,859,856.96
05123111 Deposit MONEY FUND PURCHASE 1,814.74 16,861,471.10
05/25/17 Deposit MONEY FUND PURCHASE 13,292.13 16,874,763.83
05128/17 Deposit MONEY FUND PURCHASE 2,889.94 16,877,633.77
05/31/17 Deposit INCOMER8NVEST 9,738.83 16,887,370.60
05/31/17 Closing Balance $16,887,370.60
Total All Money Market Funds $16,887,370.60
Income and Expense Summary
Count Period Yeepto-Die
Taxable Nan Taxabk Taxable Non Taxabk
Dividend Income
Equities 269,557.26 0.00 613,714.93 0.00
Money Market 9,736.83 0.00 38,784.22 0.00
Other Dividends 278,750.00 0.00 368,000.00 0 00
Interest Income
Bond Interest 2,869.94 0.00 188,105 82 0.00
Other Interest 33,740.88 0.00 67,937.60 000
Expenses
Withholding Taxes -8,076.09 0.00 -8,076.09 0.00
Fees(Foreign Securities) -200.00 0.00 -250.00 0.00
Total Dividends, Interest, Income and Expenses $588,378.82 $0.00 $1,270,216.48 $0.00
Page 2 of 18
FINed(Nekel Clwk. teach P.O.W.L AC, NIKO/ owned
Ennyta,Smebocu adnicliary of Wax Bark a Now Yak Meta
CONFIDWFAL DAMAINGUEDCOMMUNKANONS Coma-aim (IINY AMINO
••••• (Marna FNnt L1C. merit.. FIN R aqtylye,GM_00046382
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009206
EFTA_00 156991
EFTA01289354

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
M ay 1,2017 - May 31,2017
SOUTHERN FINANCIAL LiC
Income and Expense Summary (continued)
Osumi Naiad Yea-to-Date
Math Non Tad* Taxable Nominal,
Distributions
Alternative Investments 0.00 128.946.93 0.00 247,367.58
Other Distributions 0.00 0.00 0.00 17,595.42
Total Distributions $0.00 $128,946.93 $0.00 $264,963.00
Portfolio Holdings
Account Adkity Opening Closing &awed Income 3D-Day Coital
Opening CNN Quality Number Biding Balance Balance Income This Yea Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 14.00% of Portfolio
Cash Balance 0.00 128546.93
Money Market
DEUTSCHE GOVT CASH INSTL
04/29/17 16,887,370.600 N/A 05131/17 16,298,991.78 16.887.370.60 0.00 38384.22 0.69% 0.74%
Total Money Market $16,298,991.78 $16.887,370.60 $0.00 $38,784.22
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $16,298,991.78 517 016.317 53 $0.00 $38,784.22
Adbeded Unrealized Atoned Eats ated Edina-led
Dale Acadia' Witty UM Cod Cod Bads Merkel Rice Market Value Gain Loss totaled Maud Name Yield
FIXED INCOME 16.0 0% of Portfolio (In Maturity Clete Sequence)
°Asset Backed Securities
WASHINGTON,/ UT MTGSECSCORP 2004•RA2 Security Identifier 939336520
Y to PASSTHRU CIF CL C-B-1V AR RATE
6.052% 07125/33 B/E OW 08/0104
Factor 0.43959732 EffecineDMe.05/0117
Cement Face Value: 667.080.543
12/13/13',1T2 1,290,000.000 76.5190 433,922.12 86.0250 487,831.04 53,908.92 2,880.28
Original Cost Basis: $638,90611
Total Asset Backed Securities 5433,922.12 $487,831.04 553,908.92 $2,860.28 $0.00
1.290.000.000
Total Current Face Value. 567 080.543
Page 3 of 18
Rated (Falb% Clozelas through Pirthirell.C. a Sbaly wood
beet Yew Sect a O/ stinicliavy of the Barra Ns Ycelt Mace
CONFIDWFAL DAUM RA TED COMMUNICATORS Comoration MY WNW
armee Gamma Petshift rnendat. FINR,SalyeLGM_00046383
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DS-SDNY-0009207
EFTA_00156992
EFTA01289355

Portfolio Holdings (continued)
Adjusted Welled Atoned Estimated Edkaated
DateAcquired Quantity Unit Com Cod Baia Market Rice Market Value GISVIon Interest Annul Income Yield
FIXED INCOM E(continued)
Corporate Bonds
BARCLAYS BK PLC CONTINGBIT CAP NT Security Identifier: 06739FHK0
ISINIUS06739FHK037.750% 04ft/2381E
DID 04/13/ 13 CALLABLE 04f t1ES8 P Rating BB+
04/03/13 .'12'13 300.000.000 100.0000 300.00040 104.5000 313,500 00 13300 00 3.293 75 23.250 00 7.41%
Original Cost Basis: $300.000.00
"MORGAN CHASE& CO DEP SHSREPSTG Security Identifier: 46625HHA1
10TH PEG SER 'FIXED TO FLTG RT BD
7.900%04/29/49 fit E DTD 04/23/08M oody Rai ing BAA3S8 P
Rating BBB.
06/15/11 " 12 2,500400.000 107.5000 2,687,500.00 103.7800 2,594,500.00 -93,000 00 16,458.34 197,500.00 7.61%
Original Cost Basis 62.687.50000
06/15/11 " 12 2,500,000.000 107.0000 2.675.000.00 103.7800 2,594,500.00 80.500.00 16,458.33 197,500.00 7.61%
Original Cost Basis: $2675,000.00
Total Noncovered 5400400 000 5,362,500.00 5,189,000.00 ,173,500.00 32,916.67 395,000.00
Total 5,000,000.000 55.362.500.00 $5.189,000.00 4173300.00 532.916.67 5395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Identifier: 060505018
SHS FIXED TO FLOAT 8.25% 0413015887E
DTD 0030/08 CALLABLE 05P6/ 13M oody Rating BA2Sb P
Rating BEf,i
n10/11.112 2,000,000.000 102.7500 2,055,000.00 104.1880 2.083.760.00 28,760.00 7,222.22 162,500.00 7.79%
Original Cost Basis: $2,055.000 tO
SOUTHERN CALIF EDISON CO PREF SEE E Security Identifier: 842400 FU2
6 250% 0117/62 B/E DID 0 t17111
CALLABLE02/01220 AO DOOM oody Rating BAA1Sb P Ration
BBB-
01/30/12 " .12 3.000.000.000 99.8650 2.995.948.87 111.0000 3.330.000.00 334,051.13 62.500.00 187,500.00 5.63%
Original Cost Basis:62.992,544.97
GENERAL ELEC CO GTD FXD.TO.FLTGRT Security Identifier:3696048/44
NONCUMULATIVE PERPETUAL PREFERRED
4 400% 2/03/65 REG CID 12/03/1Moody Rating A3 51 P
Rating A
12/03/15 ' 2,469,000.000 88.0930 2.175.016.1? 99.0000 2.444.310 00 269.293.83 45.539.33 98,760.00 4.04%
Original Cost Bas 5225.01.17
Page 4 of 15
Rated (salient Cleating through Pars/ars LAC. R iittbany owned
Every Year Sect 2CO1 adnicliary of erearta New Yak Mellon
CONFIDO. DALBAR RATED CONMUNICATiONS Contotation CONY Mellon
aceituta 'taint 11C...wit. FINRA.AW Se&n n_00046384
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009208
EFTA_00 156993
EFTA01289356

a
Deutsche Bank
P.O Box 17 76, Baltimore, MD 21203
M ay 1,2017-May31.2017
SOUTHERN FlNA NCIAL LLC
Portfolio Holdings (continued)
Adjusted Jr: e ante d Acaued Eslor al ed Eshr al ed
Date Acquired Csientity Unit Cost Cod Beds Merkel Price arket Valve Gair Loss Interest Annus Income Yield
FIXED INCOME(continued)
Corporate Bonds (continued)
5LLOYDSBANKING GROUP PLC FXD RATE RESET Security Identifier: 539439AG4
ADDL TIER ISMS ISINSUS539139AG12
7.500% 0/127188 FUEOTD 01/07/14S 8 P Rating B8-
Please Provide • 1,903,000.000 N/A Please Provide 110.0000 2,093,300.00 NIA 25,373.33 142,725.00 6.81%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier: 41967,25
5.950% 08/9/88 WE DTD 081419
CALLABLEOWS/10 90.000M oody Rating BA1 SII P Rating
88•
08106/15 3,000,000.000 100.0000 3,000,006.00 105.4380 3,163,140.00 163,134.00 52,558.33 178,500.00 504%
Original Cost Basis: 53.000.006.00
Total Corporate Bonds $15,888,471.04 $18,617,010.00 $635,238.96 $229,403.63 $1,188,235.00
17,672,000.000
TOTAL AXED INCOM E $16,322,393.16 $19,104,841.04 $689,147.88 $232,263.91 $1,188,235.00
18,962,000.000
Unmated allanaled &limited
Dete Amami Ouietky in Coil Cod &is Market Prke Market Value &ham Maud Income Yield
EQUITIES 68.00% of Portfolio
Common Stocks
M OWLEYE NV AM STB.VEEN ORD StIS Security Id ratifier. MBLY
ISNS N1009831161 CUSP. N51188117
Dividend Oplion: Cash
08101114 800.000 15.0000 20,000.00 61.9000 49,520.00 29,520.00
ADVERUM BIOTECNNOLOGIESINC Searity Identifier. ADYM
004 CUSIP.00773U18
Dividend Galion: Cash
04120115 10.000.000 39.8610 398.606.00 2.5500 25.500.00 473.106 00
AKORN INC COM Security Identifier: AKRX
Dividend Oplion: Cash CUSP. 00971896
Page 5 of 18
Rated (Nelket Clestlas trough Ponta% LAC. a Nib* owned
Inn, Year S,Mt 2001 stinithory of the Bork of New YM Meta
CONFIDWFAL ••••• D O A c L C B tu A A R N R C A E T ED coeamunomoms C Pa o F t/a lin n t t i t c i s c ( . 0 m 111 o F M te i . ll F on IN ) RaatlysyGM_00046385
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DI3-SDNY-0009209
EFTA_00156994
EFTA01289357

Portfolio Holdings (continued)
Unrealized Estimated Ellmaled
Date Acquired Quantity Unit Co! Cnst Bale Market Price Market Value Gainless Annul Income Yield
EQUITIES {continued)
Common Stocks (continued)
AKORN INC COM (continued)
06/10/15 5.000.000 46.8410 234.206 00 33.2700 166.350.00 -67.856.00
ALIBABA GROUP HLDG LTD SPONSORED ADS Security Idenlifiet MBA
ISIN8US0t609W027 CUSP: 0 SO9WS2
Dividend Oplion: Cash
06110115 5,000.000 88.9500 444.749 00 122.4600 612.300.00 167,551.00
ALLIANZ SE SPONS ADR REPSTG Y9 SHS Security Identifier:AZSEY
Dividend Oplion: Cash CUSP. 01805101
04/13/15 5,000.000 18.0110 90,056 00 19.2500 96,250.00 6,194 00 3,054.30 3.17%
APOLLO GLOBAL M GM T LLCCL A VS Security Wenl Wier APO
Dividend Oplion: Cash CUSP 037612306
03129111 " 3 263.157 000 19.0000 4.999.983.00 27.0300 7,113,133.71 2.113.150 71 436,840.62 6.14%
APPLE INC COM Security Identifier: AAPL
Dividend Oplion: Cash CUSIP:037833130
09/05/14 38,180.000 98.9500 3,777,912.53 152.7600 5,832,376.96 2.054,464 43 96213.60 1.64%
09/05/14 3 7,200.000 98.9500 712.140.29 152.7600 1,099,872.18 387.431 89 18,144.00 1 64%
09/05/14 3 18,620.000 98.9500 1.842.449.74 152.7600 2.844.391.05 1,001,941.31 46,922.40 1.64%
01/11/16 250,000.000 99.0000 24,750,006.00 152.7600 38.189.999 81 13.439,993 81 630,000.00 164%
Total Covered 311,000 000 31,082,808.56 47,966,640 00 16,883,831.44 791,280 00
Total 314,000.000 631,082,808.56 547,966,640.00 316,883,831 44 6791,280.00
ASCENA RETAIL GROUP INC COM Security Identifier: ASIA
Dividend Oplion: Cash CUSP:0435031
01/16/01 .•3 70,500.000 21.2770 1,500,000.00 1.7700 124,785.00 -1,375,215.00
BASF SE SPONS ADR Security Identifier: SASSY
US0552625057 CUSIP. 055262505
Dividend Oplion: Cash
04/13/15 5.000.000 101.6110 508,056.00 94.4500 472.250.00 -35.806.00 12.092.13 2.56%
BANK OF NEW YORK M SION CORP COM Secwity Identifier. BK
Dividend Oplion: Cash ClISIP.0640513130
06/25/14 250,000.000 36.3060 9,076,406.00 47.1200 11,780,000.00 2,703,594.00 190,000.00 1.61%
BIGGER IDEC INC COM Security Identifier: BOB
Dividend Oplion: Cash CUSP 09062X133
02114112' 2,095.000 110.2720 231,019.65 247.7700 519,018.15 288,058 50
Page 6 of "S
Rated Gallia% Owing through Radars LC. a +haft owned
bery Year Sect 200/ %Amid*" +*»Barra New Yak Meitan
CONFIDO. DALBAR RATED CONMUNICATiONS Corporation0NY Mellon)
actatect M_00046386
Ptrshinellf.rnenix. FINRA.AW Se&
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009210
EFTA_00156995
EFTA01289358

PA Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M ay 1,2017 - May 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Unrealized Sheered Estimated
Ode Acquired Nudity Unit Co! Cost Baas Market Fria arket Vete Maudloom Yield
EQUITIES (continued)
Common Stooks (continued)
BIOVERATIV INC COM Security Identifier: BIVV
Dividend Oplion: Cash CUSP. 09075Et0
02/14/12 1,047.000 18.5540 19.426.02 55.0900 57.679 23 38253 21
CDITENE CORP DEL COM Stonily Identifier CNC
Dividend Oplion: Cash CUSP, 15136BDi
09/08/14 15.550.000 63.6450 989.679 75 72.6300 1129.396.50 139.716 75
DISH NETWORK CORPCL A Securely bolder DISH
Dividend Oplion: Cash CUSP 2$470M19
06110115 5,000.000 72.9960 364.978 00 63.7700 318.850.00 46,128 00
FACEBOOK INCCL A Security Identifier: FB
Dividend Oplion: Cash QISIP. 30303M 92
05/17/12..13 17,500.000 38.0000 665,000 00 151.4600 2,650,550.00 1,985,550 00
FOUNDATION MEDICINE INC COM Security Identifier FM I
Dividend Oplion: Cash CUSP: 1504651)0
01113114 25,000.000 27.5070 687.663 50 38.0000 950.000.00 262,336.50
08105114 24,830.000 23.2530 577,373 02 38.0000 943,540.00 366,166.98
Total Covered 49,830 000 1.265.036 52 1,893,540.00 628,503.48
Total 49.830 000 S1,265.036 52 $1,893.540.00 3628,503.48 $0.00
GENERAL ELECTRIC CO COM Security Identifier. GE
Dividend Oplion: Cash CUSP 369604 93
04/23/13 23,000.000 21.5700 496,10908 27.3800 629,740.00 133,630 92 22,080.00 3.50%
GENERAL I1T RS CO CON Sturdy Identifier GM
Dividend Oplion: Cash WSIP 37045Vt0
11/18/10 10.988.200 36.4010 399,978 16 33.9300 372,829.63 -27,148.53 I 6,702.06 4.17%
12/09/10 86.536.800 36.8160 3.185.969 22 33.9300 2.936.193.62 -249.775.60 131.535.94 4.47%
Total Noncovered 97.525 000 3,585,947 38 3,309,023.25 -276.924.13 148,238.00
Total 97,525 000 $3,585,947.38 $3,309,023.25 4276,924 13 S148,238,00
Page 7 of 18
Wed (utile% Cleating through Pen... RUC. okay owned
bent Year Sect MO/ %ISSN" of tMeeta New York Mellon
CONFIDO. DALIAlt RATED CONMUNICATiONS Corporation aNY Mellon
ctattuta Ptrshim 11C. rnend. FINRA.AW Se & IVI_00046387
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009211
EFTA_00 156996
EFTA01289359

Portfolio Holdings (continued)
Untainted Esthaled Estimated
Date Acquired Quantity Unit com Cost Bens Market Price Market Value Carrion Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
GILEAD SCIENCES INC Security Identifier- GILD
Dividend Oplion: Cash CUSP: 3755581)3
02/05/14 5.000.000 792810 396.407.00 64.8900 324.450.00 -71,957.00 10.400.00 320%
03/07/14 3.100.000 796120 246.797 00 64.8900 201.159.00 .45.638 00 6,448.00 320%
Total Covered 8,100.000 643,204.00 525,609.00 -117.595.00 16,848.00
Total 8,100 000 $643,204.00 3525,609.00 4117,59500 516,848 00
GLAXOSN ITHKUNE PLC SPONS AD R Sedulity Wenl GSK
Dividend Oplion: Cash CUSIP. 37733W1)5
06110115 5400.000 43.0010 215,006.00 44.2300 221.150 00 6.144 00 9,839 73 444%
GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU
UNIT ICON 8 1W T EXP CUSP: 37954X204
Dividend Oplion: Cash
07130115' 2,000.000 10.0000 20,000.00 10.0000 20.000.00 0.00
GODADDY INC CL A Security Identifier CODY
Dividend Oplion: Cash CUSP: 38023797
04/01/15 700.000 20.0000 14,000.00 41.1400 28.798 00 14,798 00
MATCH GROUP INC COM Security Ideal Wier MICH
Dividend Oplion: Cash CUSP: 5766%16
11/18115 200.000 12.0000 2.400.00 19.4800 3.89400 1.496 00
SANGAMO BIOSCIENCES INC COM Scarily Identifier: SGM O
Dividend Oplion: Cash CUSP 60057716
05/28113 " 3 50.000.000 8.4440 422,214.00 6.8000 340,000.00 42,214.00
SANTANDER CONSUM ER USA HLOGS INC COM Stonily Identifier:SC
Dividend Oplion: Cash CUSP:80283M 91
01/23/14 1.000.000 24.0000 24.000.00 11.1700 11.170 00 -12.830.00
SQUARE INC CL A Security Identifier SO
Dividend Oplion: Cash CUSP: 8522341)3
11/19/15 200.000 9.0000 1.800.00 22.9900 4.598.00 2.798 00
TERRAFORM GLOBAL INC CL A Security Idenl ilier CAR
Dividend Oplion: Cash CUSP: 88141191
07/31/15 400.000 14.5550 5,821.84 4.9000 1.960 00 4.861 84 440.00 22.44%
TWITTER INC COM Sedulity Menlifiec T1V TR
Dividend Oplion: Cash CUSIP. 90941132
11/07/13 1,500.000 26.0000 39,000.00 18.3200 27.480 00 -11,520 00
Page 8 of 18
Rated [.celloA Clemlag through Pershing LLC. a Many **fled
Leery Yaw Sect 200/ mdaskliwy el &alert a New Yak Mellon
CONFIDOI OMBRA RAM COMMUNICATIONS CoMmation Ma Melee)
00046388
Pasting L1C. mead*/ FINRA.CW !R&M_
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009212
EFTA_OO 156997
EFTA01289360

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
M ay 1,2017 - May 31.2017
SOUTHERN FlNANCIALLLC
Portfolio Holdings ( continued)
Unrealized Estimated Eslimated
Date Acmgred Cerny UnR Cog Cog Bags Market Price Market Value Gain Loss Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
VIACOM INC NEW CL B Security Identifier: VIAB
Dividend Oplion: Cash CUSP: 92553P201
06/10115 5,000.000 67.7490 338,745.00 34.7900 173 950 00 -164,795.00 4,000 00 2 29%
VOLKSMAGEN A GADR (PONS) Security Identifier: VLKAY
Dividend Oplion: Cash CUSP: 928662303
04/13/15 5.000.000 50.8610 254,306.00 31.4200 157,100.00 47.206.00 1.706.59 1.08%
WISDOM TREE INVTS INC COM Security Iderdifiet WETF
Dividend Option: Cash CUSP: 97717P134
03131115 15,000.000 21.6110 324,157.50 9.5100 142,850.00 -161,507.50 4,800.00 3.36%
Total Common Stocks $58,276,721.30 $80,572,946.84 822,298,225.54 $1941,219.37
Preferred Stocks (Listed by expiration date)
GMAC CAP TR I GTD TR UFO SECS SER2 Ceti. Security Identifier: ALLY PRA
8.25% FRED DRILY M ATV-02/112040 CALL CUSIP. 36160208
ANYTIM EONS W/30 DAYS BEGINS 02/515
Dividend Option: Cash
02/22/12'•° 80,000.000 23.5350 1,882,77390 25.5200 2,041,800.00 158,826.40 142,432 00 897%
Total Preferred Stocks $1,882,773.60 $2,011,600.00 $158,826.10 $142,432.00
TOTAL EQUITIES $60,159,494.90 $82,614,546.84 $22,455,051.94 $1, 783,651 37
Unrealized Efilmated Maimed
Date Acquired Ouentity UnR Cog Cost Baas Market Price Market Value Onliglow Maud PROMO Yield
EXCHANGE-TRADED PRODUCTS 2.00% of Portfolio
WISDOM TREE TH,APAN HEDGED EOUITY FD Security Identifier CXJ
Dividend Option: Cash: Capital Gains Option- Cash CUSIP 9772W851
80,000.00 of these shares are in year margin moue'
12/11/13 60,000.000 49.4350 2,988,098.50 50.9900 3.059.400.00 93,301.50 58,834.20 1.92%
TOTAL EXCHANGE-TRADED PRODUCTS 52,986,098.50 53,059,400.00 $93,301.50 $58,834.20
Uniformed Awned Edinded
Cost Bail Market Value Gelman Internal Annul Income
TOTAL PORTFOLIO HOLDINGS 998,464,304 09 $121.795.105.41 $23.237.501.32 $232,263.91 $3.069.504.79
Page 9 of 18
Rated (scelkot Os/ ft *tough hiMe LLC.e Shay owned
hay Yea, SoKe 200/ stinicliary of IM ear tko Now Ycelt Melba
CONFIDWFAL DALIAR RATED COVIMUNICATTONS Corporation (Wly
DICOAINCE Pa shine 1.1C FINRA.MtlYftlt 00046389
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009213
EFrA_00 I 56998
EFTA01289361

Portfolio Holdings (continued)
Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986. as amended
("IRC") (incorporating amendments enacted by P1.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered." under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 12011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introdudng firm and Pershing makes no representation as to the accuracy of thisinformation.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
o The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
t2 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
13 The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "N/ A" and are omitted from the Total.
THEAS OF PRICE DATE ONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however. no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.comf business_continuity.htm I for specific details as to formulas used to
calculate the figures. Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
Page 10 of 18
Rated (.talent Owing through Prs/ars l(C,a trIxoly owned
(rev Year S.ritt 2001 att." of &altar& a Now Via Mellon
CONFIDg DALBAR RA TED COMMUNICATIONS Corporation (OM Melee) a
trauma 00046390
Pa shine 11C. menix. FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009214
EFTA_00 156999
EFTA01289362

O
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M ay 1,2017 -May 31,2017
SOUTHERN FINA NCIAL LLC
Portfolio Holdings Disclosures (continued)
Reinvestment {continued)
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you A summary of this information is available to you promptly upon your written request directed to your introducing firm In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge. or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions. regardless of the cause. or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for
investment purpose Credit ratings should not be relied upon as investment advice
Page 1' of 18
Rated (scallent Owing through Pars/ars LUC, a 'Many owned
Cron Year Lae 200/ stinidiary of dwearta New Yak Mellon
DAL/AR RA TED COMMUNICATIONS CorporationCONY Mellon
actunia 00046391
Pttshing Lit...sends FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009215
EFTA_00157000
EFTA01289363

Schedule of Realized Gains and Losses Current Period
Date Dale Realized
Desaiplion Disposed Acnelied Designation Disposition &Weed i Transedion Chantey PrecisWe 031B eds GeIss Loss
Long Term
WASHINGTON IA UT IA TG 6 05124117 12/13/13 Noncovered'' REVISIT OF PRIN 1,290,000.000 1,914.94 1,465.29 449.65
004-M2 MW PASSTHRU Cif CI. C- Original Cost Basis:1465.29
8-WAR RATE 6.052% 07125133
Security Identifier.939336520
Total Long Term 1,914.94 1,465.29 449.65
Total Short and Long Term 1,914.94 1,465.29 449.65
• Noncovered under Me cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amends ("IRC")
(incorporating amendments enacted by P.L110-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered' under the new
cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1399-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1, 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,204
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made alter year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1199•B or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
Page 12 of 18
Rated (mtelkot Clearlas through PerstSOLC. vilayavnal
Even, Year SoKe 2OO1 Snider" of tinier. a New Yak Main
C0NFIDOMPAL DALBAR RATED COVIMUNICATTONS corporation (MY NNW)
••••• (XCOJANCE Pashint mere nnexficl8lieter'A_00046392
CONFIDENTIAL — PURSUANT TO FED. R CRINI. P. 6(e) DB-SDNY-0009216
EFTA_00 57001
EFTA01289364

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
May1,2017 - May31,2017
SOUTHERN FINANCIAL LW
Schedule of Realized Gains and Losses Current Period (continued)
1 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method. your account will be defaulted to First In. First Out (FIFO) Your
account's selected tax 101 method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may
be reported on the IRS Form 1099-B.
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (All amounts shown are in base currency)
CredasihisPeriod Debits ThisPerio4 Net ThisPeriod CreditsYear4oate DebasYear4o-Date Net Yeauto.Date
Securities
Securities Sold 0.00 0.00 0.00 390,735.38 0.00 390.735.38
Securities Withdrawn 0.00 0.00 0.00 0.00 44,366,000.00 -14,366,000.00
Total Securities $0.00 $0.00 $0.00 $390.735.38 414.366.000.00 413.975.264.62
Dividends and Interest $594,654.91 $0.00 $594.654.91 $1,365.792.57 489.250.00 $1.276.542.57
Distributions $128,946.93 $0.00 $128,946.93 $623,751.69 $0.00 $623.751.69
Fees $0.00 4200.00 4200.00 $0.00 4350.00 4350.00
Taxes Withheld $0.00 46.076 09 46.076 09 $0.00 46.076 09 46.076 09
Cash
Withdrawals 0.00 0.00 0.00 0.00 .1.132,731.96 .1.132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 41.132.731.96 41.132.731 96
Totals $723,601.84 46,276 09 $717,325.75 $2.380,279.64 415,594,408.05 413,214,128.41
Page '3 of 18
Rated (Kellent Owing through Pershing1M, okay owned
Eno Yea, Sesce 2C0/ stinithry of Ow Barka New Yak Mellon
CONFID DALBAR RATED C0MMUNICATi0NS Corporation (MY Mellon
uctuora Paging 11C. menix. FINRA. ftW Se&ne_00046393
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009217
EFTA_00 157002
EFTA01289365

Transactions by Type of Activity
Process
Settlemenl
Dote Aclivity Type Description 0uentily Price Awned Interest Amount Urgency
Dividends and Interest
05/01/17 CASH DIVIDEND RECEIVED .PMORGAN CHASE& CO DEP SHS REPSTG PATH PFD SER 1 197.500 00 USD
46625H HAI 7900% 04129149 EVE RD 04/28 PD 04/30/17 DIV PAID AT
39.51 5000000
05/12/17 CASH DIVIDEND RECEIVED 250000 SIRS BANK OF NEW YORK MELLON CORP COM RD 47,500 00 USD
BK 05/02 PD 05/2/17
05/15/17 FOREIGN SECURITY DIVIDEND 5000 SHRSALLIANZ SE SPONS AD R FtEPSTG VI) SHS RD 05/08 4,148 46 USD
RECEIVED PD 0514117
AZSEY
05115/17 CASH DIVIDEND RECEIVED BANK AMER CORP PERP NON COM ULATIVE DEPSHS FIXED TO 81,250.00 USD
060505018 FLOAT 8.25% 04/30/58 BIE RD 0514 PO 05/ 15/17 DIV PAID AT
40525 2000000
05/15/17 BOND INTEREST RECEIVED 80000 SHRSGM AC CAP TR I GT0 TR PFD SECS SER 2 CPN- 33,740 88 USD
ALLY PM 8.125% FRED ORTLY MATY-02/ 4/2040 CALL ANYTIME 4)25
W130 DAYS BEGINS 0215/6 RD 05/2 PO 05/1611
05/18/17 CASH DIVIDEND RECEIVED 351000 SHRSAPPLE INC COM RD 05115PD 051107 197.820 00 USD
AAPL
05/22/17 FOREIGN SECURITY DIVIDEND 5000 SHRS VOLKSWAGEN A G ADR (SPONS) RD 05/2 PD 2.193.20 USD
RECEIVED 05/22/17
VLKAY
05/24/17 FOREIGN SECURITY DIVIDEND 5000 SIRS BASF SE SPONSADR IONS US0552629357 RD 05/17 16,695 60 USD
RECEIVED P0 05/24/17
BASFY
05/24/17 CASH DIVIDEND RECEIVED S000 SHRS WISDOM TRE INVTS INC COM RD 0510 PD 1.200.00 USD
WETF 05/24/17
051250 7 BOND INTEREST RECEIVED 290000 WASHINGTON Al UT M TG SEC.SCORP 2004 .17A2 M TG 2.869.94 USD
939336820 PASSTHRU CIF CL C-11VAR RATE 6.052% 07/25133 BIE DID
06/0104 RD 04/28 PD 05/25117
05/31/17 MONEY MARKET FUND DEUTSCHEGOVT CASH 9.736 83 USD
INCOME RECEIVED
PER23214 5
Total Dividends and Interest - U.S. DOLLARS 0.00 594,654.91
Distributions
05/31/17 PARTNERSHIP DISTRIBUTION 26367 SHRSAPOLLO GLOBAL M GM T LC CL A SHS RD 054 PO 128,94613 USD
APO 05/3117
Total Distributions - U.S. DOLLARS 0.00 128,946.93
Page 'A of 18
t bled !.alien! CloatIn through Pershing1M, Sway owned
bay Year Sect 2001 stinicliary of **Bark of New Yak Mellon
CONFID I AL- nMWtMrte COMMUNICATIONS Corporation (IINY Mellon)
(Amapa Pershing Lit...sends MRA.WAffillie M_0O346394
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009218
EFTA_00 157003
EFTA01289366

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
May 1,2017-May 31,2017
SOUTHERN FINANCIAL LLC
Transactions by Type of Activity (continued)
Procne;
Settlement
Clete Activity Type Deatiption earthly Price Acaued Interest Amount Currency
Fees
05/24/17 FEE ON FORSCH DIVIDEND 5000 SHRS BASF SE SPONS ADR 'SIN' USO 5526250 57 RD 05/1 •200.00 USD
WITHHELD AT THE SOURCE PD 05124/17
BASFY
Total Fees - U.S. DOLLARS 0.00 -200.00
Taxes Withheld
05/15/17 FOREIGN TAX WITHHELD AT 5000 SHRSALLIANZ SE SPONSADR REPSTG SFIS RD 05/08 -1.094.16 USD
THE SOURCE PO 05/SIV
AZSEY
05/22/17 FOREIGN TAX WITHHELD AT 5000 SHRSVOLKSWAGB4 A G ADR (SPONS) RD 05/2 PD 478.46 USD
THE SOURCE 05/224
VLKAY
05/24/17 FOREIGN TAX WITHHELD AT 5000 SHRS BASF SE SPONS ADR ISM* US0552625057 RD 05/17 4,403.47 USD
THE SOURCE PD 05/24117
BASFY
Total Taxes Withheld - U.S. DOLLARS 0.00 -6,076.09
Total Value of Transactions 0.00 717,325.75 USD
The price and quantity displayed may have been rounded.
Cash Not Yet Received
Smarty Record Date Payable Date Quantity Held Rate Dividend Option Amount of Payment
Interest
GENERAL ELEC CO GTD FKO-TO•FLTGRT 05/31117 06/15/17 2,469,000.000 0.020000 Cash 49,380.00
NON-CUMULATIVE
Total Cash Not Yet Received 549.380.00
Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the
information.
Page's of '8
Wed (utile% ClearIng throush Peal% LLC. a Many owned
(wy Year Sffice 200/ stinicliory old.* Bark a New York Mellon
CONFIDO. DAMANRATED COMMUNICATIONS Corporation (IN't Mellon)
DICULDICI Ptrshine 11C. menix. FINRAAW Se&M _00046395
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009219
EFTA_00 157004
EFTA01289367

Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%o18op4 %or Bone
Bond Quality Market WM Midst Value Paced el Fixed Income BoneMaturity Markel Value Market Value
A 2,444,310.00 13% 6 to 'A years 313,500.00 2%
BAA 8,519,000.00 44% Over 10 years 18)91,341.04 98%
BA/ Lower 1,653)00.00 40% Total 19,104,841.04 100%
Not Rated 487,831.04 3%
Total 19,104,841.04 100% 0 20 40 60 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Client Service Information
Yew Invedment Speeded. ENJ Contact Information
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YORK NY 10017
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Flan First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Page 16 of 18
Rated httlket Owing through Penal% LI.C. a wig,/ owned
Even, Year SoKe 200/ sticliary of tlw tank M New Yak Melba
CONFIDWAL DALBAR RATED COMMUNICATIONS CorporationMy Mieoe1
••••• (XCULINCE Paging RC. mender FINROAROYftelt00046396
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009220
EFM_00157005
EFTA01289368

O
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
May 1,2017 -May 31,2017
SOUTHERN FINA NCIAL LLC
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and ( ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives asthe result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws. regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents. the
acceptance and. in certain instances. execution of securities orders.the assessment of the suitability of those transactions. w here applicable. the rendering of investment advice.
if any. to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413.3333. All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance. but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection. Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement. to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LI_C, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited
• The ability of the parties to obtain documents. w itness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award. unless. in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court
• The rules of the arbitration forum in which the claim is filed, and any am endm ents t hereto. shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LW shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified: or
Page 17 of 18
Rated balleet Cleating through haft1Mo Many owned
ben Yew Seem 2001 stinicliary of **Bark a New Yak Mellon
CONFIDg DAUM PATO) COMMUNICATIONS Corporation (WY PASO
WRUNG( Pershing lit. mentorFiNRA.VAPteLeM_ 0 0046397
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009221
EFTA_00157006
EFTA01289369

Important Information and Disclosures (continued)
Important Arbitration Agreement (continued)
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399:
Page '8 of '8
Rated (Anneal Cloatins throush Pars/ars lit. a SIN/ owned
fray Year Sffice [CO! sticliary a tlw Bark el New Yak Mellon
CONFID DALIAR RA TED COMMUNICATIONS Corporation (IINY Mellon)
amnia
Petshift FINRA.Pk
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SkDeNmY-°000496239282
EFTA_00 157007
EFTA01289370

a
Deutsche Bank dutut14 Lint 'riser Melh MI./amen
Marini (*.watt (404
(inn (he Oar* Se“ e nen
P.O Box 1776, Baltimore, MD 21203 POW Yon C.Ice
30 POIL Attnva.}611. now
Net. %AO
Ton roe
Cote
A pril 1, 2017 - A pril 30,2017
Account Number:
SOUTHERN FINANCIALLLC
6 130 RED HOOK QUARTER B3
ST THOM AS VI 00802
Portfolio at a Glance
NuPeried Ter:to-Deft
Your Investment Specialist. BEGINNINGACCOUNT VALUE 6117,147,287.63 6117,069,956.28
JOSHUA SHOSHAN Nd Cash Deposits aid Withdrawals 0.00 .1,132,131.96
(212) 454-4433 Nd Securities In/Out of Account 0.00 -14,366.000.00
Adjusted Previous Account Value 117,147,287.63 101,571,224.30
Dividends, Interest and Olher Wane 39,141.86 800.308.31
Nd Other Ad ivity -125.00 -150.00
Net Change in Portfolio 1,054,269.20 15,669,190.88
IENDINGACCOUN1
Acaued 'Merest 3212,317.11
Estimated Annual Income $2,914,906.73
Asset Summary
Percent Meet Type Pifer Year43id Int Period This Period
14% Cash, Money Funds, and Bank Deposits 15,864,445.94 16,242,379.70 16,298,991.78
E. 16% Fixed Income 19,233,099.80 18.979.191.67 19,100,314.80
) 67% Equities 79,000,010.52 78,888,516.26 79,777,066.91
3% Exchange-Traded Products 2,972,400.00 3,037200.00 3,064200.00
100% Account Total (Pie Chart) 6117,069,956.26 6117,147,287.83 6118,240,573.49
Please review your allocation periodically with your Investment Specialist.
Page 1 of 17
Wed beellent Clearing through PersianU t..• %Maywood
bay Yew Sege 2C0/ minicliwy of tin Bart a New 'Ark Main
CONFIDWAL4 DALIN, RA 111) COMMUNICATORS CoMotation (MY MOW
DICIILDICI Paging 11C. meat*. riNRAARMIELGm_00046389
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009223
EFrA_00157008
EFTA01289371

Summary of Gains and Losses
PeeAzed
Tots Period Yeako-Dele UrgesNeed
Lone-Term Gain! Loss 6,193.46 110326.66 20 441 709.45
Net Gain! Loss 6,193.46 110,326.66 20,441,709.45
This summary excludes transactions where cost basis information is not available.
Money Market Fund Detail
Dale Adivity Type Deeception Amount edam
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield: 0.65% Activity Endin 04/28/ 17
04/01117 Opening Balance 16,242,379.70 16,242,379.70
04/04117 Deposit MONEY FUND PURCHASE 1,000.00 18,243,379.70
04106117 Withdrawal MONEY FUND REDEMPTION -100.00 16,243,279.70
04/11/17 Deposit MONEY FUND PURCHASE 11,625.00 16,254,904.70
04/17/17 Deposit MONEY FUND PURCHASE 2,830.77 16,257,735.47
04/28117 Deposit MONEY FUND PURCHASE 32,492.87 18,290,228.34
04/28/17 Deposit INCOM E REINVEST 8,763.44 18,298,991.78
04/28111 Closing Balance $16,296,991.78
Total All Money Market Funds 816,298,991.78
Income and Expense Summary
rent Period Yeat4o-Date
Taxable Non Taxitle Tangle Nos Taxable
Dividend Income
Equities 9,375.77 0.00 344,157.67 0.00
Money Market 8,763.44 0.00 29,047.39 0.00
Other Dividends 0.00 0.00 89,250.00 0.00
Interest Income
Bond Interest 21,002.45 0.00 185,235.88 0.00
Other Interest 0.00 0.00 34,198.72 0.00
Expenses
Fees(Foreign Securities) 45.00 0.00 40.00 0.00
Total Dividends, Interest, Income and Expenses $39,116.66 80.00 8681,837.66 80.00
Distributions
Alternative Investments 0.00 0.00 0.00 118,420.65
Other Distributions 0.00 17,595.42 0.00 17,595.42
Total Distributions 80.00 $17,595.42 90.00 9136,016.07
Page 2 of 17
Rated (salient Cleating through Pershing LUC a Sbaly ("mod
Cary Yew Sect 2C01 stinithory of tMbnka Now Yak Melba
CONFIDP DALBAR RATED COMMUNICATORS Corporation0NY WNW
trauma holing 11C. rnente. FINRAMOYakelt00046400
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009224
EFTA_00157009
EFTA01289372

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings
Account Adivity OWNII9 Closing Accrued income 3043oy Current
Opining Cole Wally Number Ending Balmer Balance Income UMW( Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 14.00% of Portfolio
Money Market
DEUTSCHE GOVT CASH Inn
04/01117 16,298,991.780 N/A 04/28/17 16242.379.70 16,298,991.78 0.00 29,047.39 0.65% 0.65%
Total Money Market $16,242,379.70 $16,298,991.78 $0.00 $29,047.39
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $16,242,379.70 $16,298,991.78 $0.00 $29,047.39
Adjusted nested Aonved Blinded Winded
Dale Monett Ouralky Ung Cod Cod Basis Markel Prim Marital WS Gain/Lou Mined Maud NKOMO Yield
FIXED INCOME 16.0 0% of Portfolio an Maturity Date Sequence)
"Asset Backed Securities
WASHINGTON II UT N TG SECS CORP 20 04•RA2 Security Identifier 939336920
SIG PASSTHRU CTFCL C-B-11/AR RATE
6297% 07/25/33 B/E DTD 0610104
Factor: 0.44108177 EffectiveDate:04/03/V
Current Face Value: 568.995.483
12/13/13 .•312 1,290,000.000 76.5190 435,367.41 83 9860 477,876.55 42,489.14 2,886.50
Original Cost Basis: $638,906.11
Total Asset Backed Securities $435,387.41 $477,876.55 $42,489.14 $2,886.50 $0.00
1,290,000.000
Total Current Face Value: 566,995.483
Corporate Bonds
SARCLAYSIIK PLCCONTINGENT CAP NT Security Identifier: 06739FHK0
ISINt USO 8739RIK03 7.760% 04/13123 WE
DTD 04/11/1C ALLABLE 04ID11S8 P Rating 08+
04103113'.°•° 300,000.000 100.0000 300.000.00 104.8940 314,682.00 14,682.00 1.291.67 23.250.00 7 38%
Original Cost Basis:5300000.00
INO RGAN CHASE 8 CO DEP SHSREPSTG Security Identifier 46625HHA1
/13TH PFD SER1FIXED TO RTGRT BD
7.900% 04/29/ 49 WE DTI) 04123/0 BM oody Rating 8M3 SS P
Rating BBB-
0 6115/11 .4.12 2.500.000.000 107.5000 2.687.500.00 104 5000 2,612,500.00 -75.000.00 0.00 197,500.00 7.55%
Page 3 of 17
Rated (Actlient Clearlas throush PerstAng LC, Sbaly owned
hay Veal Since 200? stinicliary elfinBarka New Yeek Melba
CONFIDgffsfrAL4- M DA E U L M LIN RA G T ED COMUNICATONS C P o a r g p i o n ra g t 1 io 1 n C ( . O NY Milennm) ekfiRlOYEGM_00046401
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009225
EFTA_00157010
EFTA01289373

Portfolio Holdings (continued)
Adjusted Unntalized Accrued Estimated EdImaled
Dale Acquired Quantity Unit Coal Cost Basis Markel Rice Mutant Value Quinton Mimed Annual Income Yield
FIXED INCOME(continued)
Corporate Bonds (continued)
ORGAN CHASES CO DEP SHSREPSTG (continued)
Original Cost Basis: 52.687.5a000
06115/11 .'3 2.500.000.000 107.0000 2.675.000.00 104.5000 241240040 42.500.00 0.00 197.500.00 7.55%
Original Cost Basis:52,675,000.00
Total Noncovered 5,900,000.000 5,362,500.00 5,225,000.00 ,137,500.00 0.00 395,000.00
Total 5,900,000.000 $5,362,500.00 $5,225,000.00 4137,500.00 $0.00 $395,000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Idtatifier 060505038
MS FIXED TO FLOAT 8.25% 04/30/58 BIE
DTD 04/30/08 CALLABLE05/16/BM oody Rating BA2 S& P
Rating BB,
01/10/11 2,000,000.000 102.7500 2,055,000.00 104.7500 2,095,000.00 40,000.00 74,479.17 162,500.00 7.75%
Original Cost Basis:52,055.000.00
SOUTH ERN CAUF EDISON CO PREF SERE Securty Identifier: 842400 FU2
6250% 0114/62 EVE DTD 01117112
CALLABLE02/0122Q 90000M oody Rating 9AAISt P Rat leg
BBB-
01/30/12..3-52 3.000.000.000 99.8630 2.995.886.78 111.3750 3.341 250 00 345.363.22 46.354.17 187.500.00 5.61%
Original Cost Basis: 52,992,56427
GENERAL ELEC CO GTD FX0.70-FLTGRT Securdy Identifier: 369604BM 4
NON-CUMULATIVE PERPETUAL PREFERRED
4 000% 12/03/65 REG DTD 4/03/51doody Rating A3 S& P
Rating A
12/03/15 2.469.000 000 68.0930 2,175.016.17 98.8750 2.441.22375 266.207 58 37,035.00 98,760.00 4 04%
Original Cost Basis:52,25.01.R
5LLOYDS8ANKING GROUP PLC FXD RATE RESET Securdy Ident reel: 539439AG4
ADDL TIER 1SECSISINSUS539439AG12
7.500% 04/27/88 B/E DTD 0410711458 P Rating BB-
Please Provide 1,903,000.000 N/A Please Provide 107.7500 2,050.482.50 NIA 13,083.13 142,725.00 6.96%
Original Cost Basis: Neese Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Sectirey Identifier: 172967.125
5.950% 08/5188 81E DTD 08/12/4
CALLABLE081'6/20 V0.0001I oody Ralieg BA2 SI P Rating
BB.
08/06/15 3,000,000.000 100.0000 3.000.006.00 105.1600 3.154 800.00 154,794.00 37.187.50 178,500.00 5.65%
Page 4 of *7
Rated («elk" Clueing Ibrough NS" LIC. a !Many egmed
(rev Year S.rce MC/ ~Wiry of **Bank a New Yak Maim
CONFID DALBAR RATED CONMUNICADONS corporation (eta MS)
Inn ClCaltNa hrshim lIC.m en«. FINRA.RWR!SrWM _00046402
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009226
EFTA_0015701 I
EFTA01289374

Deutsche Bank
P.O. Box 17 76, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN FlNANCIALLLC
Portfolio Holdings (continued)
Adjusted Untested Accsued &Steeled Estimated
Date Acquired Quantity Unit Con Cud Basis Merkel MCI Mall Value Gentiles lateral Annulloom, Yield
FIXED INCOME (continued)
Corporate Bonds (continued)
CITIGROUP INC FXD RT SR NT PERP DEP RECPT (continued)
Original Cost Basis: $3.000.006.00
Total Corporate Bonds $15,886,408.95 618,622,438.25 $683,546.80 $209,430.64 $1,188,235.00
17,672,000.000
TOTAL FIXED INCOME $16,323,796.36 $19,100,314.80 $726,035.94 $212,317.14 $1,188,235.00
18,962.000 000
Unrealized Estimated Edimaled
Dote Acquired Gorky Unit Cod Cost ens Merkel Price Market Value Pintoes Annul Income Yield
EQUITIES 67.00% of Portfolio
Common Stocks
OBILEYE NV AM STELVEEN ORD SHS Security Identifier: MEV
ISNINI1013831361 CUSP 1151188/17
Dividend Option: Cash
08/01/14 800.000 25.0000 20100.00 61.9200 49.536 00 29.536 00
ADVERUM BIOTECHNOLOGIESINC Security Identifier: ADVM
COM CUSIP.00773U138
Dividend Oilier Cash
04/20/15 10,000.000 39.8610 398,60100 2.8500 28,500 00 ,370,106.00
AKORN INC COM Seurdy Identifier: AKRX
Dividend Oplion: Cash CUSP 00972816
06/10/15 5.000.000 46.8410 234.20610 33.4500 167.250 00 -66.956.00
ALIBABA GROUP HLOG LTD SPONSORED ADS Security Idenueer. MM
ISINIUS0109W927 CUSP:06090/M
Dividend Oplion: Cash
06/10/15 5,000.000 88.9500 444,749.00 115.5000 577 500.00 132,751.00
ALLIANZ SE SPONSADR REPSTG VS StIS Securely Identifier: AZSEY
Dividend Oplion: Cash CUSP. 01380591
04/13115 5,000.000 18.0110 90,056.00 19.0090 95.045 00 4,989 00 2,955 54 3.10%
Page 5 of
Rated (Kenai Cleating through Peal% LLC, p !Sway owned
(rev Year Sect 200/ stinicliory elfneeata New Yak Mellon
CONFIDO. DALBAR RATED COMMUNICATIONS Corporation My Mellon)
actimict M_00046403
kr shine 11C. mat. FINRA.AW Se&
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009227
EFTA_00 157012
EFTA01289375

Portfolio Holdings (continued)
Unrealized Estimated Edit's' ed
Date Acquired Quantity Unit com Cod Beres Market Price Market Value Gain toss Annul Income Yield
EQUITIES {continued)
Common Stocks (continued)
APOLLO GLOBAL MGM T LLCCL A SHS Security Wenlifier: APO
Dividend Oplion: Cash CUSP. 03762306
Mari' '.13 263,157.000 19.0000 4,999,983.00 26.7700 7,044,712.89 2.044.729 89 373,682.94 5.30%
APPLE INC COM Security Identifier: AAPL
Dividend Oplion: Cash CUSP:03783320
09/05/14 38.180.000 98.9500 3.777.912.53 143.6500 5.484.567.15 1.706.644.62 87.050.40 1.58%
09105114 3 7,200.000 98.9500 712,440.29 143.6500 1134.280.17 321,839.88 16,416.00 1.58%
09/05/14 3 18.620100 98.9500 1.842.449.74 143.6500 2.674.762.86 832.313.12 42.45310 158%
01/11/16 250100.000 99.0000 24,750,006.00 143.6500 35.912.499.82 11,162,493.82 570,000.00 1.58%
Total Covered 314,000 000 31,082,808.56 45,106,100.00 14,023,291.44 715,920 00
Total 314,000 000 $31,082,808.56 $45,106,100.00 614,023,291.44 5715.920.00
ASCENA RETAIL GROUP INC COM Security Idenlifier. ASNA
Dividend Oplion: Cash CUSIP.04351091
01/16/01 .•3 70.500.000 21.2770 1.500.000.00 3.9100 275,655.00 .1,224.345 00
BASF SE SPONSAOR Securdy Identifier: BASF?
'SIN. U93552625057 CUSP: 055262505
Dividend Oplion: Cash
04/13/15 5,000.000 101.6110 508,056.00 97.2860 486,430 00 -21,626.00 11,561 37 2.37%
BANK OF NEW YORK M GAON CORP COM Secerity Identifier BK
Dividend Oplion: Cash COP.06405820
06/25/14 250.000.000 36.3060 9.076.10 47.0600 11.765.000 00 2.688.594 00 190.000.00 1.61%
BIOGEN INC INC COM Security Identifier. BIIB
Dividend Option: Cash CUSP 09062X133
02/14/12'1-'2 2,095.000 231,019.65 271.2100 568.18495 337,165 30
BIOVERATIV INC CON Security Identifier: BIVV
Dividend Oplion: Cash CUSP. 09075E20
02/14/12 1147.000 18.5540 19.426.02 58.8100 61.57407 42,148 05
CENTSIE CORP DB. COM Secruity Identifier- CNC
Dividend Oplion: Cash CUSP: 625821
09/08/14 15.550.000 63.6450 989.679.75 74.4000 1 156.920 00 167.240 25
DISH NETWORK CORP CL A Seemly Wenl der DISH
Dividend Option: Cash CUSP. 254705119
06/10/15 5,000.000 72.9960 364,978.00 64.4400 322 200 00 X2,778.00
Page 6 of '7
Rated (scallent hairs LLC. a Sway owned
CIOXIIR$ VVOUgh
fray Year Sffice2CO/ stinicliary of tlw Bark of New Yak Mellon
CONFIDg D a A m L/A n R R ia AT ED COMMUNICATIONS P C e or t p s o h r i a ft t L io i n t. ( . M .se Y n P d l s e b F e IN ) RA.VANPM_00046404
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009228
EFTA_00 157013
EFTA01289376

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN FINA NCIAL LW
Portfolio Holdings (continued)
Unrealized Eslor al ed Esbraled
Dare Acquired Quantity Unit Cog Cog Bags Market Rice Market Value GainfLoss Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
FACE800K INC CL A Security Identifier: F8
Dividend Oplion: Cash COP.3030302
05117112'9 17,500.000 38.0000 665,000.00 150.2500 2.629.375 00 1,964,375 00
FOUNDATION MEDICINE INC CON Security Ideatifier. FM I
Dividend Oplion: Cash COP:35046500
01/13/14 25.000.000 27.5070 687.663.50 35.5000 887.500.00 199.83630
08/05/14 24,830.000 23.2530 577.373.02 35.5000 881.465.00 304,091 98
Total Covered 49,830.000 1,265,036.52 1,768,965.00 503,928.48
Total 49,830.000 $1,265,036.52 S1,768.965.00 $503.928.48 S0.00
GENERAL ELECTRIC CO COM Security Identifier. GE
Dividend Oplion: Cash CUSP. 36960403
04123113'9 23,000.000 21.5700 496.109.08 28.9900 666.770.00 170,660.92 22,080.00 3.31%
GENERAL U IRS CO COM Security Identifier: Cal
Dividend Oplion: Cash CLISIP.37045V100
11/18/10' 10.988.200 36.4010 399,978.16 34.6400 380,631.26 -19,346 90 16.702.06 4.38%
12/09/10 86.536.800 36.8160 3.185.969 22 34.6400 2.997.634.74 -188.334.48 131.535.94 4.38%
Total Noncovered 97,525.000 3,585,947.38 3,378,266.00 -207,681.38 148,238 00
Total 97,525 000 63,585,947.38 63 378,266 00 -$207,681.38 6148.238.00
GILEAD SCIENCES INC Security Identifier. GILD
Dividend Oplion: Cash CUSP: 37555803
02/05/14 5.000.000 79.2810 396.407.00 68.5500 342.750 00 -53.657 00 10.400 00 3 03%
03/07/14 3,100.000 79.6120 246.797.00 68.5500 212505.00 -34.292.00 6.448.00 3 03%
Total Covered 8,100 000 643,204.00 555.255 00 47,949 00 16,848 OD
Total 8,100 000 6643,204 00 $555,255.00 487,949 00 $16,848.00
GUVOSM ITHKUNE PLC SPONSADR Security Ideal Wier GEN
Dividend Oplion: Cash CLISP 37713W 135
06/10/15 5.000.000 43.0010 215.008.00 40.9000 204.500 00 -10.508 00 9.839.73 4.81%
Page 7 of 17
Raved (scallent Cloarlas through Pantiles1.Mo whey owned
fray Yea/ Saxe 2001 WNW*/ a **Barka New Yak Mellon
CONFIDg DAL/AR RA TED COMUNICADONS Corporation (IINY maw
eicaLera Petshine Lit...sends FaiRA. WkPilikeM_0O346405
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009229
EFTA_00 157014
EFTA01289377

Portfolio Holdings (continued)
Unstilted Estimated Edkaaled
Date molt:aid Quantity Unit cocil Cost Basis Market Rice Market Value Oainloss Annual Income Yield
EQU IT IE S {continued)
Common Stocks (continued)
GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU
UNIT ICOM S MT Ea CUSP: 37954X204
Dividend Option: Cash
07/30115 2.000.000 10.0000 20.00040 9.8500 19,700.00 300.00
GODADDYINCCLA Security Idenlilier: GOV
Dividend Oplion: Cash CUSP: 38023707
04/01115 700.000 20.0000 14.000.00 38.9200 27.211.00 13.214 00
MATCH GROUP INC COM Security Idealdiet: M TCH
Dividend Oplion: Cash CUSP:57665036
11/18115 200.000 12.0000 2,400.00 18.6300 3,726.00 1.326 00
WIGAMO BIOSCIENCES INC COM Security Identifier: SGM 0
Dividend Option: Cash CUSP 80067706
05/28/13'.a 54000400 41410 422211.00 1.8000 240,000 00 -182,214 00
SANTANDER OONSUM ER USA HIGGS INC COW Security Identifier: SC
Dividend Option: Cash CUSP:80283M 01
01/23/14 1.000.000 21.0000 24.00040 12.7100 12,740.00 •11.260.00
SQUARE INC CL A Security Went tier: SO
Dividend Oplion: Cash CUSP:85223403
11/19/15 200.000 9.0000 1.80010 18.2400 3.648.00 1.848 00
TERRAFORM GLOBAL INC CL A Security Identifier: GUI
Dividend Option: Cash CUSP:881141101
07/31/15 400.000 14.5550 5.82184 4.7500 1,900.00 4.921 84 440.00 23.15%
TWITTER INC COM Security Idenlilier: TIV TR
Dividend Option: Cash CUSP. 9014102
11/07/13 1.500.000 26.0000 39.00040 16.4800 24.720.00 •14,280.00
VIACOM INC NEW CI. B Security Identifier: VIAB
Dividend Oplion: Cash CUSP. 92553P201
06/10/15 5,000.000 67.7490 338.745.00 12.5600 212.800.00 -125,945 00 4,000.00 1.81%
VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY
Dividend °alien: Cash CUSP:928662303
04/13/15 5.000.000 50.8610 254.306.00 32.1600 160.800.00 -93.506.00 1.637 68 1.016
WISDOM TREE INVTS INC COM Security Identifier:WM
Dividend Option: Cash CUSIR 9771P114
Page 8 of '7
Rated (scallent Cleating through Peal% LUC, a !Sway owned
Cron Year Sffice 200/ stinicliary of eneeata New Yak Mellon
CONFIDO. DAL/AR RATED COMUNICAT10t6 Corporation (IINY Mellon)
amnia Pttshift lit. mends .IRA.W knriikeM_00046406
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009230
EFTA_00157015
EFTA01289378

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN FINANCIALLLC
Portfolio Holdings (continued)
Unrealized Slotted Whaled
Die Audited Cyanide OM Onl Cod Bede Markel Pam Market Value Gain Loss Anneal Income Yield
EQUITIES (continued)
Common Stocks (continued)
WISDOM TREE INYTS INC CCM (continued)
03131115 15.000.000 21.6110 324,157.50 8.3500 125.250.00 -198.907.50 4,800.00 313%
Total Common Stocks $58,276,721.30 $77,740,266.91 319,463,545.61 $1,502,003.26
Preferred Stocks (listed by expiration date)
GMAC CAP TR 'GTO TR PIO SECS SER2 CM- Security Identifier: ALLY PRA
8.25% FRED DRILY *MI1'42/1512040 CALL CUSP: 36160208
ANYTHIE0250/130 DAYS BEGINS02/1/15
Dividend Option: Cash
02/22/12'•° 80,000.000 23.5350 1,882,773.60 25.4600 2,036,800.00 154,026.40 136,786.88 671%
Total Preferred Stocks 11,882,773.60 $2,036,800.00 $154,026.40 1136,786.88
TOTAL EQUITIES 260,159,494.90 379,777,066.91 119,617,572.01 $1,638,790 14
Unrealized Estimated Estimated
Date Aequked Quantity Unit Cod Cod Bads Markel Price Market Value GekilLoss Annual Income Yield
EXCHANGE-TRADED PRODUCTS 3.00% of Portfolio
WISDOM TREE TR %PAN HEDGED EQUITY ID Security Identifier. DXJ
Dividend Option: Cash; Capital Gains Option: Cash CUSP. 97717W851
60,000.00 of these shares are in your margin account
12111113 60.000.000 49.4350 2,966,098.50 51.0700 3,064200 00 98,101 50 58,834.20 192%
TOTAL EXCHANGE-TRADED PRODUCTS S2,966,098 50 53,064,200 00 S98,101 50 $58,834.20
Unrealized Awued Estimated
Cod Beds Markel Value OrintLoss Intend Annual Income
TOTAL PORTFOLIO HOLDINGS 195,748,381.54 1118,24157319 120,441,70915 5212,317.14 52.914106.73
' Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended
("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 20 00 and are, therefore, considered "noncovered' under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are
"covered' under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Page 9 of 17
Rated (utile% Clearing through Pershing LC, alb* wood
ben Yet/ Sffice2C01 stinicliary elfinBark Ni.. Yak Melba
CONFIDWAL-4 [ e A ic M tu U o R ic A t T ED COMMUNICATIONS C Pt o rs •P hi o n n e t 1 io 1 n .C O . rn W e ( n M dx d . F en IN j RARVYaklt00046407
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009231
EFTA_00157016
EFTA01289379

Portfolio Holdings (continued)
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1. 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January t 2010
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security. and certain attributes. obtained from sources believed to be reliable. In the event. one or more of these attributes is changed. there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
s Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
Is The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis. including short positions, at the close of the statement period. The market
prices. unless otherwise noted. have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "N/ A" and are omitted from the Total.
THEASOF PRICE DATEONLY APPEARSW HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions. they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/ business_continuity.html for specific details as to formulas used to
calculate the figures. Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions. Money Market Fund dividend income. Bank Deposit interest income. or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions.
including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts. please promptly advise them in writing of any material change in your investment objectives or
Page 10 of 17
CONFIDg t AL Rated lictike4 Clearing through Peal% LUC, Many owned
tart MY Sole 200? stinicliory of the Bark of New Yak Mellon
lawn D a A c L t / u AR u R r A a T ED COMMUNICATIONS C P o a n s t h e in n e ti 1 o 1 n C (O . m NY a M t. el F lo IN n RA.W4t! 00046408
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009232
EFTA_DO 157017
EFTA01289380

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN ANA NCIAL LLC
Portfolio Holdings Disclosures (continued)
Option Disclosure (continued)
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness. timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for
investment purpose Credit ratings should not be relied upon as investment advice.
Page of
Ras balk. Cie ins through 'waft Lica Sway owned
Every Yeat S.ritt 2C0/ aticliary of the Bark of New Yak Megan
CONFIDg DALBAR RA T CD CONMUNICATiOt6 Corporation aNY Melon)
mattna holing 11C. rnendx. FINRA.9W Se&M _00046409
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009233
EFTA_00 157018
EFTA01289381

Schedule of Realized Gains and Losses Current Period
Date Me Realized
Desorption Disposed Acquired Orsignatioe Disposition Method; Traniadion Duality Proceeds Cost Batts Galniuns
Long Term
WASHINGTON M UT MISS 0 Weft 7 12/13113 Noncovered'' REPYIIT OF PRIN 1,290100.000 26476.04 20,182.58 6193.46
004-RA2 MTGPASSTHRU CIF CI, C- Original Cost Basis: 20.162.58
B-1VAR RATE 6297%07/25/33
Security identifier. 939336520
Total Long Term 26,376.04 20,182 58 6,193.46
Total Short and Long Term 26,376.04 20,182.58 6,193.46
Date Date Realized
Description Disposed Acquired Designation Disposition Method; Trance:lion Quantity Proceeds Cost Basis Gain/Lose
As of Trades
BIOVERATIV INCCOM 02/07/17 02/14112 Noncom( Fast In Fast Oul f FRACT SHRS OSP 0.500 21.26 9.28 11.98
Security Identifier. 09075EVO
EARTHLINK INC GTO SR 03/29f1] 10123/12 Noncoxereti Post In Thal OW REDEMPTION 351.000.000 358.78869 358.828.18 49.79
EXCHANGED CUSP FROM 2703210/8 Original Cost Basis: 362.407.50
1875% 054%/9 8/E DTD 05/1
Security Identifier. 270 321106
Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IR')
( incorporating amendments enacted by P L110-343, the Emergency Economic Stabilization Act of 2006) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securitieswhich are "covered" under the new
cost basis reporting rules are defined as non-retirement, LIS taxpayers securities which have been acquired on or after their "applicable date( sr at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1399-Ei for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period. as follows:
• Stock in a corporation acquired on or after January 1, 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January t 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Page '2 of 17
Rated (scab% Owing through Madre 1.1.C. • Sbany owned
Cron Year Sffice 2001 WNW*/ of the ark el New Yak Mellon
CONFIDO' D a A c L t /A im R R i A a T ED COMUNICATiONS Corporation (OM Mace) 00046410
Poshing 11.C. mends FINRA.Weile
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009234
EFTA_00157019
EFTA01289382

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 212O3
April 1,2017 - April 30,2017
SOUTHERN RNANCIALLLC
Schedule of Realized Gains and Losses Current Period (continued)
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you
W hen you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election. type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with lessthan one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account If you do not select a method, your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may
be reported on the IRS Form 1099-B
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share. it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10b-1O(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary , A.. amounts shown are in aS9 r r en cf )
Oedks ThisPetiod Debks This Period Net ThisPetiod OeditsYear-to-Dale Mils Year-to-Cate Net Yeet-to-Date
Securities
&rarities Sold 0.00 0.00 0.00 390.735.38 0.00 390.735 38
Securities Wilhdravio 0.00 0.00 0.00 0.00 -14.366,000.00 -14,366,000.00
Total Securities $0.00 $0.00 $0.00 $390,735.38 414,366,000 00 413,975,264 62
Dividends and Interest $39,141.66 $0.00 $39.141.66 $771.137.66 489.250.00 $681.887.66
Page '3 of '7
Rated (Kent.% Cleating throush haft LLC. a Sway owned
tan Year Sect 2C0/ adnicliory of Ow urea New Yak Mellon
CONFID ' D n AL u BA t R r R ia AT ED COMMUNICATIONS Co•Potation CONY Mellon 00046411
Ptrshine 11C. M FINRA.AW
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OOO9235
EFTA_OO 157O2O
EFTA01289383

Activity Summary (continued)
Cis/ALIN:NW Debits Diskirled Net Ibisetied OmfltsTem4o-Date Deeds Year4e-Oete NN Tetto•Date
Distributions $17,595.42 $0.00 $17,595.42 $494,804.76 $0.00 $494,804.76
Fees $0.00 4125.00 4125.00 $0.00 4150.00 4150.00
Cash
Withdrawals 0.00 0.00 400 0.00 -1,132,731.96 -1,132,731.96
Total Cash $0.00 $0.00 $0.00 $0.00 41,132,731.96 41,132,731.96
Totals $58,737.08 4125.00 $58,612.08 $1,658,677.80 415,588,131.96 413,931,454.16
Transactions by Type of Activity
Pieces
Settlement
Date Mikity Type Dueretlon Duality Price Awned Mead Amount twenty
Dividends and Interest
04103/17 CASH DIVIOBID RECEIVED 5000 SHRS VIACOM INC NEW Clan/ 03115 PO 0410417 1,000.00 USD
VIAB
04/10117 FOREIGN BOND INTEREST 300000 BARCLAYS BK PLC CONTINGENT CAP NT 11,625.00 USD
06739FHKO WIWI UW673914/03 7.750% 04/1/23 WE DTD 041174 04
RD 04107 PD 041111
04/13/17 FOREIGN SECURITY OP/IDEND 5000 SHRSGAXOSIIITHNLINE PLC SPONSADR RD 02/24 PD 2,855.77 USD
RECEIVED 0414/17
GSK
04/25/17 CASH DIVIDEND RECEIVED 23000 SHRS GENERAL ELECTRIC CO COM RD 02/27 PO 5,520.00 USD
GE 04/25/17
04/25/17 BOND INTEREST RECEIVED 490000 WASHINGTON MUT II TG SECS COFtP 2004-RA2M TG 9,377.45 USD
939336520 PASSTHRU CTF CL C-B-1VAR RATE 6297%071251338/E DM
06/0104 RD 03/31PD 04/25/17
04/28/17 MONEY MARKET FUND DEUTSCHEGOVT CASH 8,763.44 USD
INCOME RECEIVED
PER232045
Total Dividends and Interest - U.S. DOLLARS 0.00 39,141.66
Distributions
04/25117 RETURN Of PRINCIPAL 490000 WASHINGTON MUT MTG SECS CORP 2004-RA2 N TG 17,595.42 USD
RECEIVED PASSTHRU CIF CI. Co41VAR RATE 6297% 07/25/33 B/E DM
991336420 06/0104 RD 0431PD 04125117
Total Distributions- U.S. DOLLARS 0.00 17,595.42
Page 14 of 17
kowdballest Clearing through PerstaVIC. elvannal
teertYcwSince2W/ Snider" of tinier. Nat Yak Ater.
CONFIDNVAL4- D a A c M ta A u IM i O a W COMMUMUMONS Corporation (MY NNW) 00046412
Paging 11C. netsFINRA.ggilifyGM—
CONFIDENTIAL - PURSUANT TO FED. R CRWI. P. 6(e) DI3-SDNY-0009236
EFrA_00 I 57021
EFTA01289384

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
April 1,2017 - April 30,2017
SOUTHERN FlNA NCIAL LLD
Transactions by Type of Activity (continued)
Process'
settiemeni
Clete Adivity Type Description DIANA, Price Acaued Interest Amount Correnq
Fees
04105/17 AGENT SERVICING FEE ALIBABA GROUP HLDG LTD SPONSORED ADS •100.00 USD
MBA ISOM U93609W 027 RD 03/31PD 0 4/05117 50 00 SHSSVC FEE
11460238041
04/13/17 FEE ON FORBGN DIVIDEND 5000 SHRS GLAXOSUIDIKLINE PLC SPONS ADR RD 02124 PD -2500 USD
WITHHELD AT THESOURCE 04113f17
GSK
Total Fees - U.S. DOLLARS 0.00 -125.00
Total Value of Transactions 0.00 56,612.08 USD
The price and quantity displayed may have been rounded.
Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%of Bond pol %of Bond
Bond Quality Market Value Market Urn Percent of Fixed income Bond Maturity Market Value Market Value
A 2,441,223.75 13% 6 10 10 years 314.682.00 2%
BAA 8,566,250.00 44% Over 10 years 18.785.632.80 98%
BA! Lower 7,614,964.50 40% Total 19,100,314.80 100%
Not Rated 477,876.55 3%
Total 19,100,314.80 100% 0 20 40 60 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Page '5 of '.-
Rated (scallent Cleating trough Pershing LLC. a Sway owned
Cron Year Sffice 2C01 stinicliary Otte Bark of New Yak Megan
CONFIDg DAL/AR RA TED COMUNICATIONS Corporation (ONY Mellee)
'xebec( Poshift 11C. mends FINRA.g3:AslDetNeM_0000046;113
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB Y-0 9 37
EFTA_00 15702/
EFTA01289385

Client Service Information
Your inwwwwit spedzw:BU Wild Information
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YOPX NY 10017
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: First In First Out
Default Method for Stocks in a Dividend Reinvestment Plan: First In First Out
Default Method for all Other Securities: First In First Out
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield M ethod: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, where applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at . All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
Page 16 of 17
Rated (salient Cleating through Pesti% 'ICs wanornal
Cron Year Sffice 2001 stinicliary of tlw Bank el Wm Yak Mae
CONFIDWAL-4 DAL/AR RATED COMMUNICATORS Corporation (Iltly MONO
trauma
Ptrshite 11C. mends
FINRAPNIELGM-00046414
CONFIDENTIAL — PURSUANT TO FED. R GRIM. P. 6(e) DB-SDNY-0009238
EFTA_00157O23
EFTA01289386

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
kpril 1,2017 - April 30,2017
SOUTHERN FlNA NCIALLLC
Important Information and Disclosures (continued)
The Role of Pershing (continued)
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing US, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents,witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399;
Page 17 of 17
Rated (ottlkot Clearing through haft IIC. elielkanal
Even, Year SoKe 2OO1 Snider" of tinier. of Nw York Mae
CONFIDOMPAL DALBAR RATED COMMUNICATIONS Corporation (MY NNW)
••••• (XCOJANCE Pashira 11C. merit. FINRA.MOYSYGM—°°° 4 6415
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009239
EFTA_00157024
EFTA01289387

PA Deutsche Bank 04u,,'10 Lint Miser Mall/ 6t1n/etmest
Maass Cprernt 6,04
Owiniche G,., St“enini Inc
P.O. Box 1776, Baltimore, MD 21203 u. Yon Clite
345 Put Arenva. )61111004
Nero YtMA
fall Stit
Witt
M arch t 2017 - M arch 31 2017
Account Number:
SOUTHERN FINANCIAL LLC
6100 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio at a Glance
This Period Yew-to-Dote
Your Investment Specialist. BEGINNING ACCOUN T VALUE $129,017.516.14 $117,069,956.26
JOSHUA SHOSHAN Net Cash Deposits aid Withdrawals 4,132,731.96 •1,132,131.96
(212) 454-4433 Net Securities In/Out of Account .14,386,000.00 -14,366,000.00
Adjusted Previous Account Value 113,518,784.18 101,571,224.30
Dividends, Interest and Olher 'Home 114,111.94 761,166.65
Net Other Activity 0.00 25.00
Net Change in Portfolio 3,514,391.51 14,814,921.68
ENDINGACCOUNTV A
Accined Interest $324,863.92
Estimated Annual Income 52,906,828.88
Asset Summary
Percent Asset Type Prior Year43W tea Period This Period
14% Cash, Money Funds, and Bank Deposits 15,864,445.94 16,902,211.03 16,242,379.70
a 16% Fixed Income 19,233,099.80 19,417,180.17 18,979,191.67
67% Equities 79,000,010.52 89,655,524.94 78,888,518.26
(O 3% Exchange-Traded Products 2,972,400.00 3.042.600.00 3,037200.00
100% Account Total (Pie Chart) $117.069,956.26 $129,017,516.14 6117,147,287.63
Please review your allocation periodically with your Investment Specialist.
Page 1 of 19
Rated lictIket Clueing through Parsed% IIC. *Iva owned
bey Year Sege 2001 Snider" of the Bark et New Yak Male
CON FID ONFAL DALIAR RATED COWAUNICA11016 Corporation (MY Melon) a
actuprict Pashint 11C. men**. FINRA.Wit! se&i vi_00046416
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009240
EFTA_00157025
EFTA01289388

Summary of Gains and Losses
%BIS
This Period Year4o-Dale Unrealized
Long-Term Gain! Loss -73.71 100,553.79 19,422,784.95
Net Gain! Loss -73.71 100,553.79 19,422,784.95
This summary excludes transactions where cost basis information is not available.
Money Market Fund Detail
Dale Activity Type Neaten Amount Balance
Sweep Money Market Fund
DEUTSCHEGOVT CASH INSTL
Current Yield: 0.63% Activity Ending: 03! 3V 17
03101/17 Opening Balance 16,783,790.38 16,783,790.38
03101/17 Deposit MONEY FUND PURCHASE 118,420.65 16,902,211.03
03102/17 Deposit MONEY FUND PURCHASE 1,200.00 16,903,411.03
03/10/1? Withdrawal M ONEY FUND REDEM PTION 4,132,731.96 15,770,879.0?
03127/17 Deposit MONEY FUND PURCHASE 37,059.50 15,807,738.57
03128117 Deposit MONEY FUND PURCHASE 52,287.10 15,880,025.87
03129/17 Deposit MONEY FUND PURCHASE 358,788.69 16,218,814.36
03130/17 Deposit MONEY FUND PURCHASE 11,595.19 16,230,409.55
03131/17 Deposit MONEY FUND PURCHASE 4,212.00 18,234,821.55
03131/17 Deposit INCOME REINVEST 7,758.15 16,242,379.70
03/31117 Closing Balance $16,242,379.70
Total All Money Market Funds $16,242,379.70
Income and Expense Summary
anent Period Yeal4o-Oale
Troth Non Taxable Tooth Non Taxable
Dividend Income
Equities 42,471.50 0.00 334,781.90 0.00
Money Market 7,758.15 0.00 20,283.95 0.00
Other Dividends 0.00 0.00 89,250.00 0.00
Interest Income
Bond Interest 63,882.29 0.00 164,233.43 0.00
Other Interest 0.00 0.00 34,19872 0.00
Expenses
Fees(Foreign Securities) 0.00 0.00 -25.00 0.00
Total Dividends, Interest, Income and Expenses $114,111.94 $0.00 9842,721.00 $0.00
Page 2 of 19
Rated [.mien Cleating through Parlors LUC a ,*way owned
(n.y Year Sect 2C0/ stinicliary of **Bark et Now Ycelt Melba
CONFIDMVAL armee D ac A c U a M tt i R c A e T ED COMMUNICATORS C P o o r s p h o i r f a t 1 ti 1 o .C n . 0 rn N e Y n M dx e . F te IN ) ROARtqf A- 00046417
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009241
EFTA_00157026
EFTA01289389

a
Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
M arch 1, 2017 - M arch 31, 2017
SOUTHERN FINANCIAL LLC
Income and Expense Summary (continued)
Wont Period Yeablo.Date
Taxable Non Taxable Taxable Non Taxable
Distributions
Alternative Investments 000 0.00 0.00 118420 65
Total Distributions $0.00 $0.00 $0.00 $118,420.65
Portfolio Holdings
Account Adtilly OPulln0 doing Accrued Income 30-Day Current
Opening Dele OustIty Number &Meg Balsa Mame IOWA! Theories Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 14.00% of Portfolio
Cash Balance 118,420.65 0.00
Money Market
DEUTSCHE GOVT CASH INTL
03101/17 16,242,379.700 N/A 03131117 16.783.790.38 16,242,379.70 565.92 20283.95 0.57% 0.63%
Total Money Market $16,783,790.38 $16,242,379.70 $565.92 $20,283.95
TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS $16,902,211.03 $16,242,379.70 $565.92 $20,283.95
Adjusted Unmated Acaued Estimated Estimated
On Acquired Clumaky Una Coal Cod Bat Merkel Price Mann Ma Gain/Lon Mere* Annual Mame Yield
FIXED INCOME 16.00 % of Portfolio (In Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON IA LIT M TGSECSCORP 20 04 -Ft42 Satiably Identifier 939335320
V TG PASSTHRU CTF CL C-B-1VAR RATE
6.217%07/25133 WE DTD 06/0104
Factor: 04662831 Effective Oate:03/0117
Current Face Value: 595,37t520
12/13/13 %II° 1,290,000.000 76.5190 455,569.99 84.3610 502,261.37 46,691.38 3,124.46
Original Cost Basis: $638308.71
Total Asset Backed Securities $455,569.99 $502,261.37 646,691.38 $3,124.46 $0.00
1,290,000.000
Total Current Face Value: 595,371.520
Page 3 of 19
Rated ballast Clearing through hnol•41.1.4 a Wally owned
Inn Yew Since 200/ sticliwy of tlw tank el New Yak Meta
C0NFIDOMPAL D (M i O a L t A t R tN RA a M O COMMUNICATIONS C P o a r s p h o i r n a t t 1 io 1 n C ( . M m Y a M t. a F o IN ) ROARIYELGM_00046418
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DD-SDNY-0009242
EFTA_00157027
EFTA01289390

Portfolio Holdings (continued)
Adjuster Welled Accrued Whaled Edkaated
Dale Acquired Quantity Unit Coal Cod Bale Markel MCC Market Value Gain/Lots Interest Annul Income Yield
FIXED INCOM E (continued)
Corporate Bonds
BARCLAYS BK PLC CONTINGENT CAP NT Security Identifier: 06739FHK0
151/41 US06739FHK03 7.750% 04ft/238/E
DID 04/13/13 CALLABLE04/18MS* P Rating BEI•
04/03/13"in 300.000.000 100.0000 300.000.00 104.9250 314.775.00 14.775.00 11,043.75 23,250.00 7.38%
Original Cost Basis: $300.000.00
SUORGAN CHASE& CO DEP SHSREPSTG Security Identifier: 46625HHA1
TOTH PFD SER 'FIXED TO FLTG RT BD
7.900% 04/29/49 fit E DTD 04/23/08M oody Rating BAA3 S 8 P
Rating BBB•
06115/11 " 12 2.500.000.000 107.5000 2,687,500.00 103.6250 2,590,625.00 -96,875 00 82,291.67 197,500.00 7.62%
Original Cost Basis: $2.687.50000
06/15/11 " 12 2,500,000.000 107.0000 2.675.000.00 103.6250 2.590.625.00 44.375.00 82,291.66 197,500.00 7.62%
Original Cost Basis:52,675,000.00
Total Noncovered 5,000,000 000 5,362,500.00 5,181,250.00 .181250.00 164,583.33 395,000 00
Total 5,000,000.000 $5,362.500.00 $5.181,250.00 4181.250.00 $164,583.33 $395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Identifier 060505018
SHS FIXED TO FLOAT 8.25% 04/30158 B/E
DTD 04130/08 CALLABLE 05715/13M oody Rating BA2 Sb P
Rating BEf,i
01/10/11.'3'12 2,000,000.000 102.7500 2,055,000.00 104.2500 2,085.000 00 30,000.00 61,388.89 162,500.00 7.79%
Original Cost Basis:62,055.00000
SOUTHERN CALIF EDISON CO PREF SEE E Security Identifier: 842400 FU2
6250% 01'17/62 EUEOTD 01' 1714
CALLABLE 0210122 Q AO 000M oody Ruling BAA1S b P Rat wig
BBB-
01/30/12 " 12 3.000.000.000 99.8610 2.995.825.01 111.0000 3.330.000.00 334.174.99 31.250.00 187.500.00 5.63%
Original Cost Basis:62.992564.97
GENERAL ELEC CO GTO FXD.TO.FLTGRT Security Identifier: 3696048/44
NONCUMULATIVE PERPETUAL PREFERRED
4000% 2/03/85 REG OTD 2/03P6Moody Rating A3 S& P
Rating A
11/03/15' 2.469.000.000 88.0930 2.175.016.1? 98.2500 2,425,792.50 250,776.33 29.079.33 98,760.00 4.07%
Original Cost Bas 52,175.01.17
Page 4 of '9
Rated (scant CloatIn through Pershing LC. a ...Kay owned
fray Year Sffice 2CO: stinicliary of Sc Bark a New Yak Mellon
CONFIDO. DAL/AR RA TED COMUNICATONS Co•Pantion (OM Mace)
actiLuia Pershing Lit...sends FINRA. AW %ENan_00346419
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009243
EFTA 00157028
EFTA01289391

a
Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
M arch 1, 2017 - M arch 31, 2017
SOUTHERN FINANCIAL LIG
Portfolio Holdings (continued)
Adjusted uncealad Awned Egon al ed Eslirraled
Ode Nodded Cvantity Unit Cod Cod Bade Market Price Market Valk e Gaieties lidded Annual Income Yield
FIXED INCOME(continued)
Corporate Bonds (continued)
sLLOYDS BANKING GROUP PLC FXD RATE RESET Security Identifier: 539439AG4
AD DI. TIER isms ISINSUS539439AG42
7.500% 04/27/88 FUE DID 04107/%5S P Rating 88-
Please Provide • 1,903,000.000 N/A Please Provide 105.7600 2,012,612.80 NIA 1,585.83 142,725.00 7.09%
Original Cost Basis: Please Provide
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier: 22967,25
5.950% 08/9/88 WE DTO 0812/
CA11.0108115/20 Q 90.000M oody Rating BA2 S6 P Rating
88•
08/06115 3,000,000.000 100.0000 3,000,006.00 104.2500 3,127,500.00 127,494.00 22,808.33 178,500.00 570%
Original Cost Basis: $3D00.006.00
Total Corporate Bonds $15,888,347.18 $18,476,930.30 $575,970.32 $321,739.46 $1,188,235.00
17,672,000.000
TOTALAXED INCOME $16,343,917.17 518,979,191.67 $622,681.70 $324,863.92 $1,188,235.00
18,962,000.000
(Scatted Eallinated allmated
OdeNeedled entity Und Coal Cod Bads Markel Prke Market Value GoldLos AnnulI som field
EQUITIES 67.00% of Portfolio
Common Stocks
M OBILEYE NV AM STB.VEEN ORO SUS Security le edifier: M BLY
ISNS N1009831161 CUSP. N5118817
Dividend Option: Cash
08101/14 800.000 15.0000 20,000.00 61.4000 49,120.00 29,120 00
ADVERUM BIOTEDINOLOGIESINC Security Identifier: ADM
COM CUSP 0077311118
Dividend Option: Cash
04/20/15 10.000.000 39.8610 398.606.00 2.7000 27,000.00 ,371,606.00
AKORN INC COM Secerity Identifier AKRX
Dividend Option: Cash CUSP 00971896
Page 5 of 19
Rated Estelle% Clearlas through Pershing LAC, Sbaly turned
heat Yet, Sffice 2001 adosidiary of *» Barra Ns Ycelt Melba
acme RA s T ED COMMUNICATIONS C
hr
o
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l enem) s.9QQYetelt0 0046420
CONFIDENTIAL — PURSUANT TO FED. R CRilvi. P. 6(e) OB-SDNY-0009244
EFTA_00157029
EFTA01289392

Portfolio Holdings (continued)
Unrealized Est hated Edlmaled
Date Acquired Quantity Unit Cod Cost Bans Market Price Market Value Cain toss Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
AKORN INC CON (continued)
06/10/15 5.000.000 46.8410 234.206 00 24.0800 120.100.00 -113.806 00
ALIBABA GROUP HLOG LTD SPONSORED ADS Security Identifier. BABA
ISINIUSOt09Wt27 CUSP: 0 109W 132
Dividend Oplion: Cash
06/10/15 5,000.000 88.9500 444.749 00 107.8300 539,150.00 94,401.00
ALLIANZ SE SPONS ADR REPSTG tt SHS Security Identifier:AZSEY
Dividend Oplion: Cash CUSP. 01805101
01/13/15 5,000.000 18.0110 90,056 00 18.5300 92,650.00 2,594 00 2,955.51 3.19%
APOLLO GLOBAL M GM T LIG CL A SHS Security Identifier. APO
Dividend Oplion: Cash CUSIP 037612306
03129/11 '.13 263.157 000 19.0000 4.999.983.00 24.3200 6 399.978 21 1.399.995 21 373,682.94 5.83%
APPLE INC CON Security Identifier: AAPL
Dividend Oplion: Cash CUSIP:037833130
09105/11 38,180.000 98.9500 3,777,912.53 143.6600 5.484.938.95 1,707,026.42 87,050.10 1.58%
09105/14 3 7,200.000 98.9500 712.440.29 143.6600 1,034,352.17 321.911 88 16416.00 158%
09105/14 3 18,620.000 98.9500 1,842,449.74 143.6600 2.674.949.06 832,499.32 12,153.60 1.58%
01/11/16 250,000.000 99.0000 24,750,006.00 143.6600 35.911.999.82 11.164,993 82 570.000.00 1.58%
Total Covered 314,000 000 31,082,808.56 45,109,240.00 11,026,131 14 715,920 00
Total 314,000.000 631,082,808.56 545,109,240,00 314,026,431.44 5715.920.00
ASCENA RETAIL GROUP INC CON Security Idenlifier: ASH*
Dividend Oplion: Cash CUSP. 0435t91
01/16/01 70,500.000 21.2770 1,500,000.00 4.2600 300,330.00 -1,199,670.00
BASF SE SPONSADR Security Identifier: BASFY
ISMS US0552625057 CUSP. 055262505
Dividend Oplion: Cash
01/13/15 5.000.000 101.6110 508.056.00 99.1750 195.875.00 -12.181.00 12.163 55 2.15%
BANK OF NEW YORK hi ELLON CORP COM Secwity Identifier. BK
Dividend Oplion: Cash CUSH? 06405810
06/25/14 250,000.000 36.3060 9,076,106.00 47.2300 11,807,500.00 2,731,094 00 190,000.00 1.60%
BIOGEN IDEC INC COM Security Identifier: BOB
Dividend Oplion: Cash CUSP 09062X133
02114112" 2,095.000 109.8760 230,190.90 273.4200 572,811 90 342,624 00
Page 6 of '9
Rated beellent Cleating through Perstars lit. a +hely owned
hay Yew Since 2001 stinicliary of **Bark a New Yak MOW
CONFIDO. DAUM PATO/COMMUNICATIONS Corporation0NY Melee)
°Kama Ptrshinellf.rnent. FINRA.AW Si0Ann_00046421
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009245
EFTA_00 157030
EFTA01289393

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
March 1, 2017 - M arch 31,2017
SOUTHERN F1NANCIALLLC
Portfolio Holdings (continued)
Unrealized EMIreated Stifled
Oils An:inked Nudity Unit Cost Cost Bees MEW Rix Market Value Gain'loss Maud Income Yield
EQUITIES (continued)
Common Stocks (continued)
BIOVERATIV INC COM Security Identifier: BIVV
Dividend Option: Cash WSP09075E00
02/14/12 1,047.000 19.3450 20254.38 54.4600 57.019.62 36,765 24
CENTENE CORP DEL COM Stacey Identifier. CNC
Dividend Option: Cash CUSP.15135101
09108114 15.550.000 63.6450 989.879 75 71.2600 1.108.093.00 118.413 25
DISH NETWORK CORPCL A Securely Identifier: DISH
Dividend Option: Cash CUSP 25470M99
06/10/15 5,000.000 72.9960 364,978 00 63.4900 317.450.00 -47,528.00
FACEBOOK INC CL A Security Identifier: FB
Dividend Option: Cash CUSP. 30303M 92
05117112..13 17,500.000 38.0000 665,000 00 142.0500 2,485,875.00 1,820,875.00
FOUNDATION IIEDICINEINCC011 Security Identifier: FM I
Dividend Option: Cash CUSP:150465130
01113114 25,000.000 27.5070 687,663 50 32.2500 806.250.00 118,586.50
08105114 24,830.000 23.2530 577,373 02 32.2500 800,767.50 223,394.48
Total Covered 49,830 000 1.265.036.52 1,607,017 50 341,980.98
Total 49,830 000 51,265,036 52 $1.607,017.50 $341,980.98 $0.00
GENERAL ELECTRIC CO COM Security Identifier. GE
Dividend Option: Cash CUSP. 36960493
04123113 23,000.000 21.5700 496,109.08 29.8000 685,400.00 189,290 92 22,080.00 322%
GENERAL II TRS CO CON Security Identifier GM
Dividend Option: Cash CUSIP 37045990
11/18110 10.988.200 36.4010 399,978 16 35.3600 388,542.76 -11,435.40 16.702.06 429%
12109110' 86.536.800 36.8160 3.185.969 22 35.3600 3,059,941.24 -126.027.98 131.535.94 429%
Total Noncovered 97.525 000 3,585,947 38 3,448,484.00 -137.463.38 148.238.00
Total 97,525 000 53,585,947 38 53,448,484.00 4137,463.38 $148,238.00
Page 7 of 19
Rated (scant Clwla through Pershing1M, okay owned
Cron Year Sffice 2C0/ stinicliary of **Bark of New Yak Mellon
CONFIDO. DAL/AR RATED COMUNICATCP6 Co•Patatlan (My Mellon
MELLING Pershing lit...Anis FiNRA.AW 1rWm- 00046422
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009246
EFTA_00 157031
EFTA01289394

Portfolio Holdings (continued)
Unrealized Estimated Whaled
Date Acquired Quantity Unit Cool Cost Basis Market Rice Market Value Cainfloss Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
GILEAD SCIENCES INC Security Identifier GILD
Dividend Oplion: Cash CUSP: 375558123
02105114 5.000.000 79.2810 396.407.00 67.9200 339.600.00 -56.807 00 10.400.00 3.06%
03101114 3.100.000 79.6120 246.797.00 67.9200 210.562.00 46.245 00 6.448.00 3.06%
Total Covered 8,100.000 643,204.00 650,162.00 -93,052.00 16,848.00
Total 8,100 000 5643204 00 5550.152.00 493,052 00 616,848 00
GLAXOSM ITHKUNE PLC PONS AD R Sedulity Identifier: GSI(
Dividend Oplion: Cash CUSIP. 37713W 1)5
06110115 8000.000 43.0010 215,006.00 42.1600 210,800.00 -4.206 00 9523 14 4 70%
GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU
UNIT ICON 8 1W T EXP CUSP. 31954X204
Dividend Oplion: Cash
07/30/15 ' 2.000.000 10.0000 20,000.00 9.8000 19.600.00 400.00
GODADDY INC CL A Security Identifier: CODY
Dividend Oplion: Cash CUSP: 3802371)7
04101115 700.000 20.0000 14,000.00 378000 26,530.00 12530 00
MATCH GROUP INC COM Security Identifier: MICH
Dividend Oplion: Cash CUSP: 57665R'06
11118115 200.000 12.0000 2.400.00 16.3300 3.266.00 866 00
SANGAMO BIOSCIENCES INC COM Security Identifier: SGM 0
Dividend Oplion: Cash CUSP 800677136
05/28/13 t° 50.000.000 8.4440 422,21480 5.2000 260,000.00 .162,214 00
SANTANDER CONSUM ER USA FILMS INC COM Security Identifier:SC
Dividend Oplion: Cash CUSP:8028301)1
01123114 1.000.000 24.0000 24.000.00 13.3200 13.320.00 •10.680.00
SQUARE INC Q. A Security Identifier: SO
Dividend Oplion: Cash CUSP:852234123
11119115 200.000 9.0000 1.80080 17.2800 3.456.00 1.656 00
TERRAFORM GLOBAL INC CL A Security Idenl Hier: GLBL
Dividend Oplion: Cash CUSIP:881341191
07/31/15 400.000 14.5550 5,821.84 4.8000 1,920.00 3,901.84 440.00 22.91%
TWITTER INC COM Security Identifier: MIR
Dividend Oplion: Cash CUSIR 9084192
11/07/13 1.500.000 26.0000 39,000.00 145500 2242500 -16,575.00
Page 8 of '9
Rated [wiliest Cleating through Pershing LUC, Sway owned
beet Year Seem 2001 stinicliary a**Barka New Yak MOW
CONFIDO. DALIN, PATO) COMMUNICATORS Corporation0NY Mellon)
DICIILDICI Petshinell.C.mtnin FiNRA.VAPtilkeM- 00046423
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009247
EFTA 00157032
EFTA01289395

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
M arch 1,2017 - M arch 31,2017
SOUTHERN FINANCIAL LW
Portfolio Holdings (continued)
Unrealized Estimated Blunted
Date At:At:red Nudity Una Col Cost Basis Market Price Market Value Gain'L os Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
VIACOM INC NEW CL B Security Identifier: VIAB
Dividend Oplion: Cash CUSP: 92553P201
06110115 5,000.000 67.7490 338,745.00 46.6200 233 100 00 -105,645.00 4 000 00 171%
VOLK9MAGDI A GADR (PONS) Securily Identifier: VLKAY
Dividend Oplion: Cash CUSP: 928662303
04113/15 5.000900 50.8610 254,306.00 29.9900 149,950.00 -104,356.00 1.637.68 1.09%
WISDOM TREE INV76 INC 0011 Security 'deltaic WETF
Dividend Option: Cash CUSP: 97717P134
03131/15 15,000.000 21.6110 324,157.50 9.0800 138200.00 -187,957.50 4,800.00 3.52%
Total Common Stocks $58,276,720.91 $76,654,116.26 $18,577,395.35 $1,502,688.85
Preferred Stocks (Listed by expiration date)
GRAD CAP TR I GTO TR PFD SECS 02 DPW Security Identities: ALLY PRA
8.25% FRED DRILY MATY-02/1512040 CALL CUSIP. 36160208
ANYTIM E425 WI30 DAYS BEIRNS02/6113
Dividend Option: Cash
01/22/12 ..13 80,000.000 23.5350 1,882,773.60 25.4300 2,034,400.00 151,828.40 136,786.88 6.72%
Total Preferred Stocks 51,882,773.60 $2,034,400.00 $151,626.40 $136,786.88
TOTAL EQUITIES $60,159,494.51 $78,888,516.26 $18,729,021.75 $1,639,475.73
Unrealized Metaled Estimated
Date Acquired Ouentlty Unit Col Cost Baas Market Price Market Value Gokillose Maudbiome Yield
EXCHANGE-TRADED PRODUCTS 3.00% of Portfolio
WISDOM TREE TR SWAN HEDGED EQUITY FD Security Identifier CXJ
Dividend Option: Cash: Capes' Gains Option: Cash CUSIP 9779W851
60.000.00 of these shares are in you margin account
12/11/13 80,000.000 49.4350 2,966,098.50 50.6209 3,037,200.00 71,101.50 58,834.20 193%
TOTAL EXCHANGE-TRADED PRODUCTS 62,986,098.50 $3,037,200.00 $71,101.50 $58,834.20
Unedited Acaued Estimated
Cost Beal Market Value Union Intetell Annual Income
TOTAL PORTFOLIO HOLDINGS 895,711,889 88 $117.147.267.63 $19,422.784.95 $324.863.92 $2.906.828.88
Page 9 of 19
Rated tscellent Gloating through MOM. LUC a okay owned
ben Yew Since ICO mirsicliwy of It Barra New Yee Meta
CONFIDWFAL4 CALOR RAM COWAUNICATTONS corporation (MY NNW)
DICIILDICI Paging memdx. Yftelt00046424
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009248
EFTA_00157033
EFTA01289396

Portfolio Holdings (continued)
Noncovered under the cost basis rules as defined be/ow.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended
("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicabletax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January t 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introdudng firm and Pershing makes no representation as fo the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
o The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
t2 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
/3 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions. at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEAS OF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time, and may be affected by current and future economic, political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/ business_continuity.htm I for specific details as to formulas used to
calculate the figures. Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions. Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
Page 10 of '9
Rated boalent Cloning throush haft1Mo Sbany owned
bay Yee/ Since 2001 sticliary a tinB arka New Yak Mellon
CONFIDO' DAUM RA TED COMUNICAT10t6 Corporation (MY PASO
mama 00046425
Pershing mtnis MRA.VAPteteM_
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009249
EFTA_00157034
EFTA01289397

PA Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M arch 1,2017 - March 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Reinvestment {continued)
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you A summary of this information is available to you promptly upon your written request directed to your introducing firm In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts. please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may culler from rates in effect on the date you executed a transaction, incurred a charge. or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy. completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions. regardless of the cause. or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for
investment purpose Credit ratings should not be relied upon as investment advice.
Page " of '9
Rated (scallent Cloning throush haft LUC, Sway owned
fray Year Since 2001 sticliary of **Bark of New Yak Mellon
CONFIDg DALIAR RATED COMUNICADONS Corporation (IINY meson)
actunia Pershing lit...sends FRIRA.WAffilkeM_00046426
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009250
EFTA_00157035
EFTA01289398

Schedule of Realized Gains and Losses Current Period
Date Nit Realized
Desiatim tlimmea Acquits Onteethe Diaposition Swam i Tremolo Quantfly Plumes SIM Beds Geist ton
Long Term
EARTHUNK INC GTD SR 03129117 10/23/12 Maneuverer' Firsl In Rift OW I REDEMPTION 351,000.000 358,788.69 362,407.50 .3,618.81
EXCHANGED CUSP FROM 270321/63
Original Coil Basis: 362,407.50
8475% OW VI WE DTD 0511
Security Identifier. 270321105
WASHINGTON M UT M TG S 03124117 12/13/13 Noncovere1d' REPYM T OF PRIM 1,290,000.000 15,097.51 11,552.41 3,545.10
004-RA2 MTG PASSIHR0 CTFCL C.
Original Cost Basis 1155241
8-1VAR RATE 8297%07/25/33
Security Manlier. 939336520
Total Long Term 373,886.20 373,959.91 -73.71
Total Short and Long Term 373,886.20 373,959.91 -73.71
' Noncovered under the cost basis rules es defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRO')
(incorporating amendments enacted by P.L.110-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are 'covered' under the new
cost basis reporting rules are defined as non-retirement, UStaxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1,2011
• M utual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, t here may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R.1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Page 12 of 19
Rated (salient Cleating through Perstan LLC. rthelkownal
Can Year Sect 2C0/ stinicliary of the Bark a Nom York Atelkit
CONFIDWAL-4 DALBAR RATED CONMUNICA11016 Corporation (NY NNW
actituta 00046427
Ptrshine 11C. FINRA.fiCatiifyGM-
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CS-SDNY-0009251
EFrA_00157036
EFTA01289399

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M arch 1,2017 - M arch 31,2017
cni ITIarPid rIMA mr let llr
Schedule of Realized Gains and Losses Current Period (continued)
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal payd owns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less t han one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account If you do not select a method, your account will be defaulted to First In, First Out (FIFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal. and this may
be reported on the IRSForm 1099-B.
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share. it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 11 confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
The U.S. will adopt a shortened settlement timeframe beginning with trade date September 5, 2017, for equities, corporate and municipal bonds, and unit investment trusts. M oving
from a T*3 to a 1-42 settlement cycle will provide faster access to sale proceeds, but it also means that funds will be due on purchase transactions earlier. This may be a good time to
consider e-delivery of your account documents-including trade confirmations, account statements and more. Ask your advisor or financial insititut ion about how you can set up
e-delivery.
ACtiViLy Summary (mi. amounts sr,ov,^ vein base curreuci)
CreditsTN:Period Debits ThisPeikid Net ThisPeriod °edits Yes-to-We DebileYear4o-Dete Net Year-to-Dele
Securities
Securities Sold 9.00 0.00 0.00 390.735.38 0.00 390.735.38
SecuritiesWithdrawn 9.00 -14,366.000.00 -1066,000.00 0.00 -14.366.000.00 -14.366.000.00
Total Securities $0.00 -$14,366.000.00 414.366.000.00 $390.735.38 414.366.000.00 413,975,264.62
Dividends and Interest $114,111.94 $0.00 5114,111.94 $731,996.00 489,250.00 5642,746.00
Distributions $358,788.69 $0.00 $358,788 69 $477,209.34 $0.00 $477,209.34
Fees $0.00 $0.00 $0 00 $0.00 425.00 425.00
Page 13 of 19
Rated [inked Clearing through Pars/ars LLC. a Many owned
tan Year Sect 2C0/ adosidiary of tinier. New Yak Meta
CONFIDg D a A c L t B u AR tr R i A a T ED COMMUNICATIONS Contention CONY Mellon) M_00046428
Ptrshinellf.rnenix. FINRA.AW SIELA
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009252
EFTA_00 157037
EFTA01289400

Activity Summary (continued)
Credits INsPetiod Debits This Period Net IbisPeriod CrtillteYette-Date Debits Year-to-Date NN Year-lo-Dale
Cash
Withdrawals 0.00 .1,132,731.96 .1,132'31.96 0.00 .1,132,731.96 .1,132,731.96
Total Cash 50.00 41,132,731 96 41,132,731.98 $0.00 41,132,731.96 41,132,731.96
Totals $472,900.63 415,498,731.96 415,025,831.33 $1.599,940.72 415,588,006.96 413,988,066.24
Transactions by Type of Activity
Process
Settlement
Date Activity Type Dexription Quietly Price Accrued Interest Amount Currency
Securit ies Withdrawals and Deposits
03/31117 SECURITY DEUVERED APPLE INC COM 225180NCLIENTA/C603115.1 -100,000.000 14,366,000.00 USD
AAPL
Total Securities Withdrawals and Deposits - U.S. DOLLARS 0.00 -14,366,000.00
Dividends and Interest
03/01/17 CASH DIVIDEND RECEIVED 9000 SHRS W 'EDON TREE INVTS INC COM RD 021E PO 1,200.00 USD
WETF 031014
03/24/17 CASH DIVIDEND RECEIVED 97525 SHRS GENERAL M TRSCO COM RD 03/1) PD03/2414 37,059.50 USD
GM
03/27/17 FOREIGN BOND INTEREST 903000 LLOYDS BANKING GROUP PLC FXD RATE RESET ADDL 35,681.25 USD
539439A04 TER ISECSISINSUS539439AG12 7.500% 04121/88 B/E DTD
04/071% CLB RD 03/1) PO 03/2111
03/27/17 BOND INTEREST RECEIVED 490000 WASHINGTON MUT M TG SECS CORP 200 4-RA2 M TG 16905 85 USD
939336520 PASSTHRU CTF CL C-B-1VAR RATE 6 297% 07125133 WE DTD
06/0104 RD 02/28 PD 03/25/11
03/29/17 BOND INTEREST RECEIVED EARTHUNK INC GTD SR NT FULLY EXCHANGED CUSP FROM 11.595 19 USD
27032906 27032988 8.615% 05/1519 WEND 05/17111CLD ACCRUED
INTEREST
03130/17 CASH DIVIDEND RECEIVED 890 SHRS GILEAD SCIENCES INC RD 031E PD 03/3014 4 212 00 USD
GILD
03131/17 MONEY MARKET FUND DRITSCHEGOVT CASH 7 758.15 USD
INCOMERECBVED
PER232045
Total Dividends and Interest - U S. DOLLARS 0.00 114,111.94
Distributions
03/29/17 SECURITY REDEEMED EARTHUNK INCGTD SR NT FOLLY EXCIIANGIED CUSP FROM 451,000.000 358,788.69 USD
27032906 27032988 8.675% D516/9 B/E DTD 05/171110.0
Total Distributions - U.S. DOLLARS 0.00 358,788.89
Page 14 of 19
Rated ( tallent Clearlas through P.O.W. LUC a awe/ toned
ben, Year Sege 2C0/ stinithory of Ow Barra Ns Ycelt Melba
CONFIDPMAL DALBAR RATED COMMUNICATTONS corporation (MY NNW)
law/ txcittuia Ptrshint monSt. FINROAROYELGM-00046429
CONFIDENTIAL - PURSUANT TO FED. R CRI6,1, P. 6(e) DB-SDNY-0009253
EFTA_00157038
EFTA01289401

Deutsche Bank
P.O Box 17 76, Baltimore, MD 21203
M arch 1,2017 - M arch 31,2017
SOUTHERN FlNA NCIAL LLC
Transactions by Type of Activity (continued)
PTOCtSS
Settlement
Date Activity Type Description Ouantily Prim Aodued latarig Amount Cunenq
Cash Withdrawals and Deposits
03110/17 FEDERAL RINDSSENT DEUTSCHE BANK TRUST -1,132,731.96 USD
USD999997
Total Cash Withdrawals end Deposits - U.S. DOLLARS 0.00 4,132,731.96
Total Value of Transactions 0.00 -15,025,831.33 USD
The price and quantity displayed may have been rounded.
Cash Not Yet Received
Security Record Date Payable Dale Quaky Held Rate Dividend Option Amount of Payment
Dividends
GaiERAL ELECTIM CO COM 02127117 04(2511? 23.000.000 0.240000 Cash 5,520.00
VIACOM INC NEW CID 0311511? 04(0311? 5,000.000 0.200000 Cash 1.000.00
Total Cash Not Yet Received 56,520 00
Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the
information.
Page 15 of 19
Wed ficellent Owl** through Pesti{ Lit. a Mr" anal
her Yen Acre 2C0 starry of tlw Bank of Nim York Ateltiv
CONFIDOWAL4- D M A E U LL M IN R G AT ( ED COMMUNICATORS C Pt o rs rp h o in r e a t 1 i . o 1C n . 0 m NY e r M it. S o ) n toefiRtiieGM_0 0046430
CONFIDENTIAL — PURSUANT TO FED. R CRIM, P. 6(e) DEI-SDNY-0009254
EFTA_00157039
EFTA01289402

Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
%ol8ond pi* Sof Band
Bond Nobly Mattel Value Merit Value Percent of Find Income Bond MalurNy Mike Value Merkel Value
A 2,425,792.50 13% 6 tot) years 314,775.00 2%
BAA 8,511,250.00 44% Over 10 years 18,884,416.67 98%
BAI Lower 7,539,887.80 40% Total 18,979,191.67 100%
Not Rated 502,261.37 3%
Total 16979,191.67 100% 0 20 40 60 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Bonds that are in default are not included.
Client Service Information
Your Investment Specialrd • ENJ Contact Information
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3R0 FL
NEW YORK NY 10 017
Your Account Information
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: FIRST IN FIRST OUT
Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT
Default Method for all Other Securities: FIRST IN FIRST OUT
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment
Specialist for more information.
Page 16 of 19
Rated (scant Cleating through Pershing 1.1.C, a abaft toned
fray Year Sffice 2001 stinicliary of the Barka Now Yak Melba
C0NFIDOMPAL DALIAR RATED COMUNICATTONS Corporation (any Mellon)
armee orcatura P.:talent Lit meats FINRAMOYBILGIISUM 46431
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009255
EFTA_00 157040
EFTA01289403

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
M arch 12017 - March 31,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents. the
acceptance and, in certain instances, execution of securities orders.the assessment of the suitability of those transactions. w here applicable. the rendering of investment advice.
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413.3333. All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection. Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/ about! strength-and-stability.
• This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement. to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by Jury, except as provided by the rules of the arbitration forum in which
a claim is filed
• Arbitration awards are generally final and binding:a party's ability to have a court reverse or modify an arbitration award is very limited
• The ability of the parties to obtain documents. witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award. unless, in an eligible case. a joint request for an explained decision has been submitted by all parties to the
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied: (II) the class is decertified: or
Page 17 of 19
Rated twine% Cleating through Peal% LUC, Sway owned
bay Yee. Sect 2001 att." old* Banta New Yak Mellon
CONFID m DA a W m t P a AM ) COWAUNICATTOP6 C Pt o r r s p h o in ra e t 1 io 1 n C O . rn W e ( n M dx e . l F lo IN n R A. AW Se&M _00046432
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009256
EFTA_00157041
EFTA01289404

Important Information and Disclosures (continued)
Important Arbitration Agreement (continued)
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LI_C, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399:
Page -.8 of 19
Rated (salient Cleating through hilw{ LLC.a wavy owned
tan Year S.ritt 200/ stiniclian of ft BOSCO Now Ycelt Melba
CONFIDWITAL DALBAR RATED C0MMUNICATi0t6 Corporation (INY Mellon)
Inge aciatna holing 11.C. not. FINRAWM_00046433
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009257
EFTA_00157042
EFTA01289405

TERMS AND CONDMONS
TRANSACTIONS • PERSHING MAY TRADE FOR ITS OWN ACCOUNT AS A MARKET WIKER, SPECIALIST, ODD LOT DEALER.
• ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE BLOCK POSITIONER. ARBITRAGEUR OR INVESTOR. CONSEQUENTLY. AT THE TIME OF ANY
SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND TRANSACTION YOU MAY MAKE. PERSHING MAY HAVE A POSITION IN SUCH SECURITIES. WHICH
INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE POSITION MAY BE PARTIALLY OR COMPLETELY HEDGED.
THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED, OR IF APPLICABLE. OF THE FNANCIAL • IF AVERAGE PRICE TRANSACTION IS INDICATED ON THE FRONT OF THIS STATEMENT YOUR
INDUSTRY REGULATORY AUTHORITY ANO TO ALL APPLICABLE LAWS AND REGULATIONS. FNANCIAL INSTITUTION OR PERSHING MAY HAVE ACTED AS PRINCIPAL. AGENT OR BOTH. DETALS
• TITLE TO SECURITIES SOLO TO YOU. WHERE PERSHING HAS ACTED AS PRINCIPAL SHALL REMAIN AVALABLE UPON REQUEST
WITH PERSHING UNTIL THE ENTIRE PURCHASE PRICE IS RECEIVED OR UNTIL THE SETTLEMENT • A FINANCIAL STATEMENT OF PERSHING IS AVALABLE FOR YOUR PERSONAL NSPECTION AT
DATE. WHICHEVER IS LATER. PERSHING'S OFFICES. A COPY OF IT WILL BE MAILED UPON YOUR WRITTEN REQUEST OR YOU CAN
• YOU MAY HAVE RECEIVED CONFIRMATIONS FOR TRANSACTIONS WHICH DO NOT APPEAR ON YOUR VIEW IT ONLINE AT WWW.PERSHING COM.
STATEMENT. IF SO, THE TRANSACTIONS WILL APPEAR ON YOUR NEXT PERIODIC STATEMENT. SUCH • FOR BUSINESS CONTINUITY AND ADDITIONAL DISCLOSURES: WWVV.PERSHING.COMODISCLOSURES
TRANSACTIONS MUST BE CONSIDERED BY YOU WHEN COMPUTING THE VALUE OF YOUR ACCOUNT. • THIS STATEMENT SHOULD BE RETANED FOR YOUR RECORDS.
THIS IS ESPECIALLY TRUE IF YOU HAVE WRITTEN OPTIONS WHICH HAVE BEEN EXERCISED.
FREE CREDIT BALANCES: ANY FREE CREDIT BALANCE CARRIED FOR YOUR ACCOUNT REPRESENTS PAYMENT FOR ORDER FLOW AND ORDER ROUTING POLICIES DISCLOSURES [REGULATION NMS-
FUNDS PAYABLE UPON DEMAND WHICH. ALTHOUGH PROPERLY ACCOUNTED FOR ON PERSHING'S RULE 807(AX1)-(2)]
BOOKS OF RECORD. ARE NOT SEGREGATED AND MAY BE USED IN THE CONDUCT OF ITS BUSINESS.
PERSHING SENDS CERTAIN EQUITY ORDERS TO EXCHANGES. ELECTRONIC COMMUNICATION
DEBIT BALANCES: INTEREST CHARGED ON DEBIT BALANCES II YOUR ACCOUNT APPEARS ON THE NETWORKS, OR BROKER-DEALERS DURING NORMAL BUSINESS HOURS AND DURING EXTENDED
STATEMENT. THE RATE OF INTEREST AND PERIOD COVERED ARE INDICATED. THE RATE MAY CHANGE TRADING SESSIONS. CERTAIN OF THESE VENUES PROVIDE PAYMENTS TO PERSHING OR CHARGE
FROM TIME TO TIME DUE TO FLUCTUATIONS IN MONEY RATES OR OTHER REASONS. INTEREST IS ACCESS FEES TO PERSHING DEPENDING UPON THE CHARACTERISTICS OF THE ORDER AND ANY
COMPUTED AS DESCRIBED 14 MATERIAL PREVIOUSLY FURNISHED TO YOU. PLEASE CONTACT YOUR SUBSEQUENT EXECUTION. THE DETAILS OF THESE PAYMENTS AND FEES ARE AVAILABLE UPON
FINANCIAL INSTITUTION IF YOU DESIRE ADDITIONAL COPES. WRITTEN REQUEST. PERSHNG RECEIVES PAYMENTS FOR DIRECTING LISTED OPTIONS ORDER FLOW
MARGIN INFORMATION: IF YOU MAINTAIN A MARGN ACCOUNT. THIS IS A COM3NED STATEMENT OF TO CERTAIN OPTION EXCHANGES. IN ADDITION. PERSHING ROUTES CERTAIN EQUITY AND OPTION
YOUR GENERAL ACCOUNT AND A SPECIAL MEMORANDUM ACCOUNT MANTANED FOR YOU UNDER ORDERS TO ITS AFFILIATE13NY MELLON CAPITAL MARKETS. LLC. FOR EXECUTION AS PRINCIPAL
REGULATION T OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. THE PERMANENT COMPENSATION IS GENERALLY IN THE FORM OF A PER OPTION CONTRACT CASH PAYMENT.
RECORD OF THE SEPARATE Aren INT AS REQUIRED BY REGULATION T IS AVALABLE FOR YOUR BEST EXECUTION: NOTWITHSTANDING THE PREVIOUS PARAGRAPH REGARDING PAYMENT FOR ORDER
NSPECTION UPON REQUEST. FLOW, PERSHNG SELECTS CERTAIN MARKET CENTERS TO PROVIDE EXECUTION OF OVER.THE.
TAX INFORMATION COUNTER AND EXCHANGE-LISTED SECURITES TRANSACTIONS WHICH AGREE TO ACCEPT ORDERS.
TRANSMITTED ELECTRONICALLY UP TO A SPECFIED SIZE. AND TO EXECUTE THEM AT OR BETTER THAN
• AFTER YEAR END. PERSHING IS REQUIRED TO PROVIDE TAX INFORMATION TO THE INTERNAL THE NATIONAL BEST BID OR OFFER (M380). ON CERTAIN LARGER ORDERS, OR F THE DESIGNATED
REVENUE SERVICE AND OTHER GOVERNMENTAL AUTHORITES AT THAT TIME PERSHING WILL MARKET CENTERS DO NOT MAKE A MARKET N THE SUBJECT SECURITY. PERSHING DIRECTLY
PROVIDE THAT INFORMATION ON THE ANNUAL TAX INFORMATION STATEMENT TO YOU; USE THAT CONTACTS MARKET CENTERS TO OBTAIN AN EXECUTION. THE DESIGNATED MARKET CENTERS TO
STATEMENT TO PREPARE YOUR TAX FLINGS. THE TAX STATEMENT ALSO INCLUDES OTHER USEFUL WHICH ORDERS ARE AUTOMATICALLY ROUTED ARE SELECTED BASED ON THE CONSISTENT HIGH
INFORMATION TO ASSIST IN ACCUMULATING THE DATA TO PREPARE YOUR TAX RETURNS. QUALITY OF THER EXECUTIONS IN ONE OR MORE MARKET SEGMENTS AND THEIR ABILITY TO PROVIDE
• DIVIDENDS. MEREST NC OTHER DISTRIBUTIONS SHOWN ON THIS STATEMENT WERE CLASSIFIED OPPORTUNITIES FOR EXECUTIONS AT PRICES SUPERIOR TO THE N880. PERSHNG ALSO REGULARLY
AS TAXABLE OR NONTAXABLE BASED ON CERTAIN INFORMATION KNOWN AS OF THE DISTRIBUTION REVIEWS REPORTS FOR QUALITY OF EXECUTION PURPOSES.
DATE. THIS n ASSFICATION IS SUBJECT TO CHANGE AND IS SOLELY INTENDED FOR USE AS
GENERAL INFORMATION.
• PERSHING DOES NOT PROVIDE TAX, INVESTMENT OR LEGAL ADVISORY SERVICES AND NO ONE
ASSOCIATED WITH PERSHNG IS AUTHORIZED TO RENDER SUCH ADVICE. DO NOT RELY UPON ANY
SUCH ADVICE. IF GIVEN. INVESTORS ARE ENCOURAGED TO CONSULT THEIR TAX ADVISORS TO
DETERMINE THE APPROPRIATE TAX TREATMENT OF THEIR BUSINESS.
GENERAL INFORMATION
• WHENEVER YOU ARE NDEBTED TO PERSHING LLC (*PERSHING') FOR ANY AMOUNT, ALL SECURITES
HELD BY IT FOR YOU IN ANY ACCOUNT IN WHICH YOU HAVE ANY INTEREST SHALL SECURE ALL YOUR
LIABILITIES TO PERSHING. AND PERSHNG MAY IN ITS DISCRETION AT ANY TIME. WITHOUT TENDER.
DEMAND OR NOTICE TO YOU. CLOSE OR REDUCE ANY OR ALL OF YOUR ACCOUNTS BY PUBLIC OR
PRIVATE SALE OR PURCHASE OR BOTH OF ALL OR ANY SECURITIES CARRIED IN SUCH ACCOUNTS:
ANY BALANCE REMAINING DUE PERSHNG TO BE PROMPTLY PAID BY YOU.
• WHENEVER YOU ARE NDEBTW TO PERSHING FOR ANY AMOUNT. ALL SECURITIES CARRIED FOR
YOUR ACCOUNT ARE OR MAY BE WITHOUT FURTHER NOTICE TO YOU. LOANED OR PLEDGED BY
PERSHING. EITHER SEPARATELY OR UNDER CIRCUMSTANCES WHICH WLL PERMIT THE
COMMINGLING THEREOF, WITH OTHER SECURITIES FOR ANY AMOUNT LESS THAN. EQUAL TO OR
GREATER THAN YOUR LIABLMES TO PERSHING. BUT NOT UNDER CIRCUMSTANCES FOR AN AMOUNT
PROHIBITED BY LAW.
F ANY OF THE ABOVE TERMS AIM CONDITIONSARE UNACCEPTABLE TO YOU. REASE NOTIFYPERS-ONO IMMEDIATELY IN WRITING BY CERTFED MAIL TO ONE PERSHNG PLAZA JERSEY CITY, NJ 0TM, ATTN. LEGAL DEPT
Page '9 of '9
RAW hcelk,t Elwin through Ponta,. LLC. • Wafttoned
Every YtArSoce 200/ pAnkliaryolthe Bark 04 Wig Yak Meta
CONFIDWFAL DALBAR RAI ED COMMUNICATIONS ComontIon (MY NNW
••••• LXCLUANCE Nonage L1C.rnend. FINFLASPOYELGM_00046434
CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009258
EFTA_00157043
EFTA01289406

PA Deutsche Bank Deutsche Sank Securities Inc.
Boston Office
P.O. Box 1776, Baltimore, MD 212O3 1 International Place, 12th Floor
Boston
Toil Free'
Direct:
February 1, 2017 - February 28,2017
Account Number:
SOUTHERN FINANCIAL LIS
6100 RED HOOK QUARTER B3
ST THOMASVI 00802
Portfolio at a Glance
This Period YeLto-Die
Your Client Advisor. BEGINNING ACCOUNT VALUE 5120,048,819.23 5117,089,956.26
JOSHUA SH OSHA N Adjusted Previous Account Value 120,048,619.23 117,069,956.26
Dividends, Interest and Other Income 628,481.83 647,054.71
NM Other Aclivity 0.00 -25.00
Net Change in Portfolio 8,340,415.08 11,300,530.17
Egillea._aaffing l i
Awed Interest $261,392.44
Estimated Animal Income $3,156,676.15
•
Asset Summary
Percent Meet Typo PSI Yeirad Lad Period This Period
13% Cash, Money Funds, and Bank Deposits 15.864.445.94 16.273.707 94 16,902,111.03
15% Axed Income 19,233,099.80 19,197,561.56 19,417,180.17
70% Equities 79,000,010.52 81,585,149.73 69,655,524.94
Egii 2% Exchange-Traded Products 2,972,400.00 2,992,200.00 3,042,600.00
100% Account Total (Pie Chart) $117,069,956.26 $120,048,619.23 $129,017,516.14
Please review your allocation periodically with your Client Advisor.
Page 1 of 17
Raw ballast Glowing VVOUgh Penang ILC. a winaluearned
Inn, Year lace 2CO/ staandiwy OneBart a New Pak Mae
CON FID gifrAL DAL BAR RAM) COMMUNICATIONS corporation (Mu Mallon/
•••••• (music Paging liC.mentet FINRA.AW ”Wril—Ow46435
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OOO9259
EFTA OO157O44
EFTA01289407

Summary of Gains and Losses
Antal
This Period Year-to-Date Wreaked
Lone-Term Gain! Loss 462.20 190627.50 20 687 904.36
Net Gain! Loss 462.20 100,627.50 20,687,904.36
This summary excludes transactions where cost basis information is not available.
Money Market Fund Detail
Date Activity Type Desattion Amount Mance
Sweep Money Market Fund
DEUTSCHE GOVT CASH INSTL
Current Yield: 0.48% Activity Ending: 0 2/ 2 8/ 17
02/01/17 Opening Balance 16,273,707.94 18,273,707.94
02103/17 Deposit MONEY FUND PURCHASE 93,750.00 16,367,457.94
02108/17 Deposit MONEY FUND PURCHASE 2126 16,367,479.20
02/13/11 Deposit MONEY FUND PURCHASE 47,500.00 16,414,979.20
02/18/17 Deposit MONEY FUND PURCHASE 34,196.72 16,449,175.92
02111117 Deposit MONEY FUND PURCHASE 235,980.00 16,685,155.92
02/21/17 Deposit MONEY FUND PURCHASE 89,250.00 18,774,405.92
02128/17 Deposit MONEY FUND PURCHASE 3,213.76 16,777,619.68
02/28/17 Deposit INCOM E REINV EST 6,170.70 16,783,790.38
02/28/17 Closing Balance $16,783,790.38
Total All Money Market Funds $16,783,790.38
Income and Expense Summary
Onrent Period Yem4o-Dito
Taxable Non Taxable Triable Non Triable
Dividend Income
Equities 283,480.00 0.00 292,310.40 0.00
Money Market 6,170.70 0.00 12,525.80 0.00
Other Dividends 89,250.00 0.00 89,250.00 0.00
Interest Income
Bond Interest 96,963.76 0.00 100,351.14 0.00
Other Interest 34,196.72 0.00 34,196.72 0.00
Expenses
Fees( Foreign Securities) 0.00 0.00 .25.00 0.00
Total Dividends, Interest, Income and Expenses $510,061.18 $0.00 $528,609.06 $0.00
Distributions
Alternative Investments 0.00 118,420.65 0.00 118,420.65
Total Distributions $0.00 5118,420.65 $0.00 $118,420.65
Page 2 of 17
Rated (aka Clearing through Peal% LUC, abaft owned
bay Veer Since 2001 sticliwy of TM Barra New Yak Melba
CONFIDMVAL4-1 c O o M m AR m RA a M O COMMUNICATIONS CoMotationaNY Mellon) 00046436
Pennine 11C. monto FINRA.Wallt
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009260
EFTA_OO157C45
EFTA01289408

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
,ebruary 1,2017 - February 28,2017
BOUTHERN FINANCIAL LLC
Portfolio Holdings
Amount Adfrity opening Caning Amend Income 30-ay Oared
Opening Cote Queetky Number Biding Blase Blame Income Misled Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 13.00% of Portfolio
Cash Balance 0.00 118,420.65
Money Market
DEUTSCHE GOVT CASH INSTL
02101/17 16,783,790.380 N/A 02/28/17 16,273,707.94 16,783,790.38 0.00 12,525.80 0.49% 0.48%
Total Money Market $16,273,707.94 $16,783,790.38 $0.00 $12,525.80
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $16,273,707.94 $16,902,211.03 $0.00 $12,525.80
Adjusted Unrealized Aeaued Estimated Estimated
Cole liondred Quantity Unit Cod Cad Bade Market Pike Market Value Gekiftess lutenist Annual Income Yield
FIXED INCOME 15.0 0% of Portfolio (In Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON M UT N TG SECS CORP 2004•RA2 Security Heebner 939336520
V TG PASSTHRU CTFCL 041V AR RATE
6.297% 07125133 WE DID 0610104
Factor: 0.47323131 Eked he Dale:02/0 /I
Current Face Value: 613,469.015
12/13/13'•3.4 1,290,000.000 76.5190 467.122.40 85.1200 519,631/4 $2,508.84 2,883.32
Original Cost Basis: $638,906.71
Total Asset Backed Securities $467,122.40 $519,631.24 $52,508.84 12,803.32 $0.00
1,290,000.000
Total Current Face Value:610,469.035
Corporate Bonds
EARTHLINK INC GTD SR NT FULLY EXCHANGED Security Identifier:2703211M
CUSP FROM 27032%488 8.675% 05/ 619 WE
OTD 05/17111CALLED 03/29117
10/23112'.3'4 351,000.000 102.2510 358,902.74 102.6000 360,126.00 1,223.26 8,91212 31,151.25 815%
Original Cost Basis: $362,407.50
13ARCLAYS8K PLCCONTINGENT CAP NT Seakily Identifier: 06739FHKO
ISMS U906739DIK037.750% 04/0123 WE
OTD 041019 CALLABLE 0411311158 P Rating 88.
04/03/13'•12° 300,000.000 100.0000 300,000.00 105.1250 315.375.00 15375.00 8.912.50 23.250.00 7.37%
Page 3 of 17
Rated httlket Clearlas through P.O.W.L AC, Sbaly toned
Even Year SoKe 200/ att." of Ow Barka Now YM Melba
CONFIDWFAL DALBAR RA TED COMMUNICATIONS CoMotation (MY WIWI
••••• (XCOJANCE Pash im LIC. mote. FINIto,MtlYeLelt00046437
CONFIDENTIAL — PURSUANT TO FED. R CRINI P. 6(e) CBSDNY-0009261
EFIA_00157046
EFTA01289409

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Estimated Stalled
Dale Acquired Quantity Unil Cost Cost Basis Markel Price Maket Value GainItoss Interest Annul Income Yield
FIXED INCOM E (continued)
Corporate Bonds (continued)
BARCLAYS BK PLC CONTINGENT CAP NT (continued)
Original Cost Basis: SØ0.000 00
811O RGAN CHASE 8 CO DEP SHSREPSTG Security Identifier. 46625HHA1
It TH PFD SER 'FIXED TO RTG RT BD
7900%04/29/49B/EDT° 04/23/08m oody Riling 13.44398 P
Rating BBB-
06/15/11 ..3 12 2,500,000.000 107.5000 2.687.500.00 104.0000 2,600,000.00 -87,500.00 61.736.11 197,500.00 7.59%
Original Cost Basis: 52.687.500.00
06115111 .•"2 2,500,000.000 107.0000 2,675.000.00 104.0000 2,600.000 00 -75,000.00 64,736.11 197,500.00 759%
Original Cost Basis: 52,675,000.00
Total Noncovered 4000.000 000 5,362,500.00 5,200,000.00 -162.500.00 129.472.22 395.000.00
Total 5,000,000.000 $5,362,500.00 55,200,000.00 4162,500.00 $129,472.22 $395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Identifier. 060505078
SHS FIXED TO FLOAT 8.459E 04130/588/E
DTD 04130/08 CALLABLE 051818M oody Rating BA2 St P
Rating EtB,
01/10/11'J° 2.000.000.000 102.7500 2.055.000.00 104.7500 2.095.000.00 40.000.00 46.493.06 162.500.00 7.75%
Original Cost Basis: 52,055,00000
SOUTHERN CAUF EDISON CO PREF SER E Securely Ideal ifier: 842400 FU2
6.250%011/62 BIEOTO 0117112
CALLABLE 02101122 Q 130 000M oody Rating BAA1S 8 P Rating
BBB-
01130712''s-II 3,000,000.000 99.8590 2,995.763.56 110 5250 3.315.750 00 319,986 44 14,062.50 187,500.00 5 65%
Original Cost Basis:62,992.564.97
GENERAL ELEC CO GTD FXD-TO-FLTGRT Securely Identrtiet359604BM4
NON-CUMULATIVE PERPETUAL PREFERRED
4.000% 12/03/65 REG Die 2/031EMo-ody Rating A3 S8 P
Rating A
12/03/15 2.469.000.000 88.0930 2,175,016.17 99.5000 2,456,655.00 281,638.83 20,026.33 98,760.00 4.02%
$2.25n8.17
Original Cosl Basis:
5LLOYDSBANKING GROUP RC FXD RATE RESET Securely Identifies 539439A04
AD DI. TIER 1SECS 'SIN* VS5394394042
7.500% 04127/88 B/E DTD 04101/14S 8 P Rating 68-
Please Piovide ' 1,903,000.000 N/A Please Provide 106.1310 2.019.672.93 N/A 24.183.96 142.725.00 7.06%
Original Cost Basis: Please Provide
Page 4 of .7
Rated («ellent CloarIng Ibrough NS" LK owned
(rev Year S.rce 20C1 ~Wry elfinBank a New Yak MOW
CONFIDg DAMAR RA TED COMMUNICATIONS Corporation (eta ~lee)
DICtll( NCI knit« lIC.m en«. FINRA.RWR! Sit&M _00046438
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009262
EFTA 00157047
EFTA01289410

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
February 1, 2017 - February 28, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Adjusted Junealized Accrued Estimated Eslimated
Dale Acquited Nudity LM Cod Cost Pais Maiket Price Market Vale Gainiloss lateral Annual Income Yidd
FIXED INCOME(continued)
Corporate Bonds (continued)
CITIGROUP INC FAD RT SR NT PERP DEP RECPT Securely Identifier 17296725
5.950% 061548 B/E DTD 081413
CALLAKE0816/20 130.000M oody Ration 8A2 S8 P Rating
88+
08/06115 3,000,000.000 100.0000 3,000,006.00 104.4990 3,134,970.00 134,984.00 6,445.83 178,500.00 5,69%
Original Cost Das 53,000,006.00
Total Corporate Bonds 616,247,188.47 $18,697,548.93 $630,687.53 5258,509.12 $1,219,386.25
18,023000.000
TOTAL FIXED INCOME 616,714,310.67 $19,417,180.17 $683,196.37 $261,392.44 $1,219,386.25
19,313,000.000
Uncoated Moats Muted
Date Acquied ComedIty Vol One Colt Bade Sham Price Medd Value Garbs Annulmom Yield
EQUITIES 70.00% of Portfolio
Common Stocks
II °BREVE NV AM STELVEEN ORO SHS Securky Modifier: MBLY
MINA N10013831361 CUSP. 115118810
Dividend Oplion: Cash
08/01114 800.000 25.0000 20,000.00 45.5200 36.416.00 16,416.00
ADVERUM BIOTECIINOLOGIESINC Seco lily Wenl Wier ADVM
COM CUSIP 00773U18
Dividend Oplion: Cash
04/20/15 10000.000 39.8610 398.606.00 2.6500 26.500.00 -372,106 00
AKORN INC COM Secarity Identifier: AKRX
Dividend Oplion: Cash CUSP. 00972816
06/10/15 5,000.000 46.8410 234,206.00 20.8100 104.050 00 ,130,156.00
ALIBABA GROUP tILDG LTD SPONSORED ADS Secality Identifier: BMA
ISN/USISO9W927 CUSP: 0509W12
Dividend Oilier Cash
OM 0/15 5.000.000 88.9500 444,749.00 102.9000 514.500.00 69)51.00
Page 5 of 17
Rated twellat Cleating through Pershing LLC,a Sbaly mend
Cron Yew Since ICO / WNW*/ of tlw Bark a Now Yak Melba
CONFIDWFAL4 DAL/AR PAM COMUNICATiONS Corporation (atly PASO
accatria Poshaft 11.C. meats FinlitASWELGOL00046439
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009263
EFTA_00157048
EFTA01289411

Portfolio Holdings (continued)
Untaxed Estimated Eslirealed
Date Acquired Quantity Unit coe, Cost Bade market mice Market Value Gainrises Annual Income Yield
ECU IT IE S (continued)
Common Stocks (continued)
ALLIANZ SE SPONSADR REPSTG Y9 SHS Securely Identifier: AZSEY
Dividend Oplion: Cash CUSP 0180521
04/13/15 5,000.000 18.0110 90.056.00 17.4100 87.050.00 -3.006 00 2,955.54 3.39%
APOLLO GLOBAL M GM T LLCCL A SHS Stonily Identifier: APO
Dividend Oplion: Cash CUSP 03762306
03/29/11 ".13 263.157 000 19.0000 4.999.983.00 22.7400 5,984,190.18 984.207.18 373.682.94 624%
APPLE INC 0011 Security Ideoldier.AAPL
Dividend Oplion: Cash CUSIP: 03783320
10/28/13 3 14,000.000 75.5800 1,058,120.50 136.9900 1.917.860.28 859,739.78 31,920.00 1.66%
09105114 124,180.000 98.9500 12,287.615.97 136.9900 17,011.418 15 4,723,802 18 283,130.40 1.66%
09105114 3 7.200.000 98.9500 712.140.29 136.9900 986.327.75 273.887.16 16,416.00 1.66%
09/05/14' 18,620.000 98.9500 1,842,449.74 136.9900 2.550.754.06 708,304 32 42,453.60 1.66%
01/11/16 250,000.000 99.0000 24,750,006.00 136.9900 34.247.499.76 9,497,493.76 570,000.00 1.66%
Total Covered 111,000.000 40,650,632.50 56,713,860.00 16,063,227.50 943,920.00
Total 114,000.000 $40,650,632.50 $56,713,860.00 316,063,227.50 3943,920.00
ASCENA RETAIL GROUP INC COM Sydney Idenlifier. ASNA
Dividend Oplion: Cash CUSP 0435E91
01/16/01'3 70.500.000 21.2770 1.500.000 00 4.6000 324.300.00 -1.175.700 00
BASF SE SPONSADR Securely Identifier: BASFY
ISM USO 552625057 CUSIP. 055262505
Dividend Option: Cash
01/13/15 5,000.000 101.6110 508,056 00 93.1900 465.950.00 .12,106.00 12,163.55 2.61%
BANK OF NEW YORK M MON CORP COM Security Identifier. BK
Dividend Oplion: Cash CUSP. 06405820
06/25/14 250,000.000 36.3060 9,076,406 00 47.1400 11,785.000.00 2,708,594.00 190,000.00 1.61%
BIOGEN IDEC INC CON Security Identifier. 0118
Dividend Oplion: Cash CUSP. 09062X1D3
02/14/12'.0.13 2.095.000 109.8760 230.190 90 288.6000 604.617.00 374.426.10
BIOVERATIV INC CON Security Identifier: 91W
Dividend Oplion: Cash CUSP 09075E130
02/14/12 1,047.000 19.3450 20,251 38 52.0800 54,527.76 34,273.38
CENTENE CORP DEL CON Security Identifier: CNC
Dividend Oplion: Cash CUSP. 15259171
09/08/14 15,550.000 63.6450 989,679 75 70.5000 1.096.275 00 106,595 25
Page 6 of 17
Raked («elk" Closing Ibrough Pesbirs LLC. a Swat owned
(rev Yew S.rce 2CC/ ~Wiry of OwBank a New Yea Meibri
CONFIDg DALBAR RATED COMMUNICATIONS Ca•PontIon(lIta Mallon)
DICCLUNCI Ptrsh irclIC.~ . FINRA.AWRi M_00046;140
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009264
EFTA 00157049
EFTA01289412

Deutsche Bank
PO Box 1776. Baltimore, MD 21233
February 1,2017 - February 28,2017
SOUTHERN F1NA NCIAL LLC
Do tie' o uolcirngs (continued)
Unrealized Estimated Edimaled
Oils Aconites' Nudity Unit Cod Cod Basis Market Price Market Vali:. Pin Lon Annual Income Yidd
EQUITIES (continued)
Common Stocks (continued)
DISH NETWORK CORP CL A Security Identifier Mai
Dividend Oplion: Cash CUSP 254701409
06/10/15 5,000.000 72.9960 364,978.00 62.0000 310,000.00 -54,978.00
FACE800K INC a A Security !dearer
Dividend Oplion: Cash CUSP 303031102
05117112 '.73 17.500.000 38.0000 665.000.00 135.5400 2.371.950.00 1.706.950.00
FOUNDATION MEDICINE INC CON Security Identifier. FM I
Dividend Oplion: Cash CUSP:35046500
01/13/14 25.000.000 27.5070 687,663.50 24.8000 620,000.00 17.663.50
08/05/11 21.830.000 23.2530 577.373 02 21.8000 615.781 00 38110 98
Total Covered 19,830.000 1.265.036.52 1,235,784.00 -29,252.52
Total 49,830.000 $1,265,036.52 51,235,781.00 429.252.52 $0.00
GENERAL ELECTRIC CO COM Security Identifier. GE
Dividend Oplion: Cash CUSP. 36960403
04123113'13 23,000.000 21.5700 496.109.08 29.8100 685,630.00 189,520.92 22,080.00 3 22%
GENERAL M TRS CO COM Security Identifier GM
Dividend Oplion: Cash CUSP 37049/00
11/18/10' 10.988.200 36.4010 399.978.16 36.8100 104.805.30 1.827.11 16,702.06 1.12%
12109110' 86,536.800 36.8160 3,185,969.22 36.8400 3.188.015.70 2,046.48 131,535.91 4.12%
Total Noncovered 97,525 000 3,585,947 38 3,592,821.00 6,873.62 148,238.00
Total 97,525 000 53.585.947.38 53,592,821.00 $6,873.62 $148,238.00
GILEAD SCIENCES INC Severity Identifier. GILD
Dividend Oplion: Cash CUSP: 37555803
02/05/11 5.000.000 79.2810 396.107.00 70.4800 352.400.00 A4.007.00 10.400.00 2.95%
03/07/11 3,100.000 79.6120 246.797.00 70.4800 218.188.00 -28,309.00 6,148.00 2.95%
Total Covered 8.100 000 613204.00 570.888 00 -72,316.00 16,848 OD
Total 8,100.000 $643,204.00 $570,888.00 472,316.00 $16,848.00
GLAXOSMITHKUNE PLC SPONSACR Security Idenlifiet GSK
Dividend Oplion: Cash CUSP. 37733W 05
Page 7 of 17
Rated (scalk Clearlas through haft LUC, Many owned
(nit Year Sege 2C01 WNW*a of the sort of New Yak Mellon
CONFIDO. DALIAlt RA TED COMUNICATIONS Corporation (IINY Mellon)
trauma Pershing lit. mortarMiRA.g!sDleNteIM_00000471
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB Y-0 9 65
EFTA_00 157050
EFTA01289413

Portfolio Holdings (continued)
unrealized Estimated Edlmied
Date Acquired Quantity Unit cosi Cost Basis Market Prise Market Value Gainless Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
GLAXOSMITHKUNE PLC SPONS AD R (continued)
06/10/15 5.000.000 43.0010 215.006.00 41.4800 201.400 00 -7.606.00 9,923.14 4 18%
GLOBAL PARTNER ACQUISITION CORP Security Identifier. GPACU
UNIT 1COM & 1W T EXP CUSP: 379517.201
Dividend Oplion: Cash
07/30/15 2,000.000 10.0000 20.000.00 10.2000 20 100.00 400 00
GOOADDY INC CL A Security !dent Kier: GODY
Dividend Oplion: Cash CUSP: 38023797
0/101115 700.000 20.0000 14,000.00 361500 25.195 00 11,795 00
MATCH GROUP INC COM Security Wenli re MICH
Dividend Oplion: Cash CUSP: 57665816
11/18/15 200.000 12.0000 2.400.00 16.1600 3.232 00 832 00
SANGAMO BIOSCIENCES INC COM Security Identifier: SGM 0
Dividend Oplion: Cash CUSP. 80061796
05/28/13 to 50,000.000 8.1140 422,214.00 4.5500 227,500 00 -194,71400
SANTANDER CONSUM ER USA HLDG,S INC COM Security Identifier: SC
Dividend Oplion: Cash CUSIP: 80283M 111
01/23/11 1,000.000 24.0000 24,000.00 117800 1418000 -9,220 00
SQUARE INC CL A Securely Wentdiet SO
Dividend Oplion: Cash CUSP:85223403
11/19/15 200.000 9.0000 1.800.00 17.3200 3.464 00 1,664.00
TERRAFORM GLOBAL INC CL A Security Idenlk r: GLBL
Dividend Oplion: Cash CUSP:881341191
07/31/15 100.000 11.5550 5,821.84 4.3500 1,140.00 4,081.84 440.00 25.28%
TWITTER INC CON Security Idenl Wier TW TR
Dividend Oplion: Cash CUSIP. 908492
11/07/13 1.500.000 26.0000 39.000 00 157700 23.655 00 -15,315.00
VIACOM INC NEW fit B Security Wealk r: VIAB
Dividend Oplion: Cash CUSP: 92553P201
06/10/15 5100.000 67.7490 331745.00 43.4500 217,250 00 -121,495.00 4,000.00 1.81%
VOLKSWAGEN A GADR (SPONS) Security Identifier: VLKAY
Dividend Oplion: Cash CUSP:928662303
04113/15 5.000.000 50.8610 254,306.00 30.3500 151,750.00 -102,556.00 91.85 0.06%
Page 8 of '7
Rated twilit:at Owing through Pershing LUC, Sway tend
ben, yew Since 2C0i stinicliary of **Bark a New Yak MOW
CONFID DALIAlt RAM) COMMUNICATIONS Corporation (OM Maim)
DICIUDICI Corehing 11.C. minis FIN) Se&M_00046442
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009266
EFTA_00 [5705 I
EFTA01289414

Deutsche Bank
P.O Box 1 7 76, Baltimore, MD 21203
February 1,2017 - February 28,2017
SOUTHERN FINANCIAL LW
Portfolio Holdings (continued)
Unrealized Estimated Edkaated
Dote Acquired Quantity Und Cod Oad Bails Martel Price Market Value Gain' Loss Annual Income Yidd
EQUITIES (continued)
Common Stooks (continued)
WISDOM TREE INVTS INC CAM Secerity Idutilier:WETF
Dividend Option: Cash CUSP: 9771/Ptil
03131/15 15,000.000 21.6110 324,157 50 9.1100 136,650.00 -187,507.50 4,800.00 3.51%
Total Common Stocks $67,844,544.85 $87,597,924.94 $19,753,380.09 $1,729,143.02
Preferred Stocks (listed by expiration date)
0/MC CAP TR I GTO TR PFD SECS SER2 CPR- Security Identifier: ALLY PRA
8.125% FRED ORTLY MATY-02/1512040 CALL CUSP 36160208
ANYTIM E4)25 W/30 DAYS BEGNS02/4113
Dividend Option: Cash
02/22/12'•° 80,000.000 23.5350 1,882,773.60 251200 2,057,600.00 174,826.40 136,786.88 614%
Total Preferred Stooks $1,882,773.60 $2,057,600.00 $174,826.40 $136,786.88
TOTAL EQUITIES $69,721,318.45 $89,655,524.94 $19,928,206.49 $1,865,929.90
Untested Slanted Estimated
Ode keened Quality Una Cod Cod Bads Minkel Price Markel Value Gelnaoss Maul Income lid
EXCHANGE-TRADED PRODUCTS2.00% of Portfolio
WISDOM TREE TRAPAN HEDGED EQUITY FD Security Identifier CXJ
Dividend Option:Cash:0)04'6am Option: Cash CUSP 9779W851
60,000.00 of these shares are in your margin amount
12/11113 60,000.000 49.4350 2,966,098.50 50.7100 3,042,600.00 78,501.50 58,834.20 1.93%
TOTAL E4CHANGE-TRADED PRODUCTS $2,966,098.50 $3,042,600.00 $76,501.50 $58,834.20
Uneeartzed Acaued Edinaled
Cod Buis MEW VAN Gelnitoss Intend Annual Income
TOTAL PORTFOLIO HOLDINGS $106,309,938.85 $129,017,516.14 $20,687,904.36 $261,392.44 $3,156,676.15
' Noncovered under the cost basis rules as defined below.
Securities acquired before 20 11or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 19 86 , as amended
("IRC") ( incorporating amendments enacted by P.L.110-343. the Emergency Economic Stabilization Act of 20 08) and are. therefore, considered "noncovered," under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they
Page 9 of 17
Rated (scelkot Cleating through hams LAC. a away owned
buy Yea, SoKe 2OO/ stinicliary of theBark a Novo Ycelt Melba
CONFIDWFAL [ALMA RA TED COVOAUNICATTONS Co•Pontion OM WIWI
••••• actuuta Ptrshine 11C. mint. FiNRARttlYLoothtsisas
CONFIDENTIAL — PURSUANT TO FED. R CRIAA. P. 6(e) DEI-SDNY-0009267
EFTA_00157052
EFTA01289415

Portfolio Holdings (continued)
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1 20 11
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 20 12
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1 2014
Cost Basis on fixed income securities may be adjusted for amortization, accretion. original issue discount adjustments. or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security, and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
5 Unrealized gains and losses are not reported for securities for which cost basis or market value is not available.
o The Current Face valuerepresents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe fo be reliable.
c Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
c The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services, w hith we believe to be reliable. Market prices do not constitute a bid or an offer. and may differ
from the actual sale price. Securities for which a price is not available are marked "Ni A" and are omitted from the Total.
THEASOF PRICE DATEONLY APPEARS W HEN THEPRICEDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time. and may be affected by current and future economic, political, and business conditions. they should not be relied on for making
investment, trading. or tax decisions. These figures assume that the position quantities. interest and dividend rates, and prices remain constant. A capital gain or return of principal
may be included in the figures for certain securities. thereby overstating them. Refer to www.pershing.com/ business_continuity.htm I for specific details as to formulas used to
calculate the figures Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Opt ion Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
Page 10 of .7
Raid (.men Cleating through PenAing LLC. a SIN/ owned
(rat Yee/ Sffice 2CO1 WNW*/ of the tank a New Yak Melon
CONFIDO' DAL/AR RATED COMMUNICATORS Com-omelon (MY Mann)
•••••• actuoia hygiene 11.C. mends FINRA.E*PriELGM-00046444
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009268
EFTA_00 157053
EFTA01289416

PA Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
February 1 2017 - February 28,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings Disclosures (continued)
Option Disclosure (continued)
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day. increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the M argin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy, completeness. timeliness Or availability Of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities, and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Schedule of Realized Gains and Losses Current Period
DMe Date Realized
Description Disposed Acquired Designation OispoilionMethod; Tragedion Ountily Proceeds Cost Bass Gain loss
Long Term
BI0YERATIVINCC0M 02107117 02/14/12 Noncoymed* First In Fad Out I FRACT SHRS 0SP 0.500 21.26 9.67 11 59
Security Identifier. 0907SEVO
Page " of
Rated (scellent Cleating trough Peal% LC, Sway owned
fray Year &ace 2CO1 sticliary of **Bark of New Yak Medan
CONFIDg DAL/AR RATED COMUNICAIVIIS Corporation (IINY WNW
D agma Pershing ll.C.mtnis MRA.VAPIII2PM_00046445
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009269
EFTA_00157054
EFTA01289417

Schedule of Realized Gains and Losses Current Period (continued)
Date Date Realized
Desaiption Disposed Acquired Designation Dispoetion Method r Trantadion Quantity Proceeds Cod Bads Celt Loss
Long Term (continued)
WASHINGTON M UT MTG 02123117 12/13/13 Noncowell REPYM T OF PRIM 1,298,000.000 1,91905 1,468.44 450.61
004-RA2 MTG PASSTHRU CTFCI. C-
Original Cost Basis: t46844
8-1VAR RATE 6297%07/25/33
Security Identifier: 939338520
Total Long Term 1,940.31 1,478.11 462.20
Total Short and Long Term 1,940.31 1,478.11 462.20
• Noncovered under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IR')
(incorporating amendments enacted by P.LtIO-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered' under the new cost basis reporting rules. Securities which are "covered" under the new
cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)' at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1399-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1,2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,202
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1399-B or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
Page 12 of 17
Rated EICtiltf4 Cleating through MAI% Lit. a alai owned
Leary Yes, Since 201 stinicliwy of me tank M New Yak Mae
CONFIDWAL-4 DALIAlt WED COMMUNICATIONS corporation (MY MS)
MIMIC( Paging motto nessAfiRMietelt0 0046446
CONFIDENTIAL — PURSUANT TO FED. R CRISA. P. 6(e) DB-SDNY-0009270
EFTA_00 157055
EFTA01289418

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 212O3
February 1,2017 - February 28,2017
SOUTHERN FINANCIAL LLC
Schedule of Realized Gains and Losses Current Period (continued)
Thecost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account If you do not select a method. your account will be defaulted to First In. First Out (FIFO) Your
account's selected tax 101 method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may
be reported on the IRS Form 1099-B.
M essages
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to SEC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (Ail amounts shown are in vas. care,,c"
Credits TNsPerled DebkeTAIsPerled Net ThisPerled GediteYear4o•Date DebileYeer-to-Date Net Yetto•Date
Securities
Securities Sold 21.26 0.00 21.26 390.735.38 0.00 390.735.38
Total Securities $21.26 $0.00 $21.26 $390.735.38 $0.00 $390.735.38
Dividends and Interest $599.311.18 489,250 00 $510.061.18 $817.884.06 389.250.00 $526.634.06
Distributions $118.420.65 $0.00 $118.420.65 $118.120.65 $0.00 $118.420.65
Fees $0.00 $0.00 $0.00 $0.00 425.00 425.00
Totals $717,753.09 489,250 00 $628.503.09 $1,127,010.09 489,275.00 $1,037,765.09
Page '3 of '7
Raed Galles% Owing trough Pars/ars LLC. a alb* owned
(nrc Yew Sect 200/ stinicliary of the Bark of New Yak Melon
CONFID DALBAR RA TED COMMUNICATTOP6 Corporation (MY Mace)
inn actutria Ptr shim 11C. rnendx. FINRA.f6•46 Se& IVI _00046447
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-OOO9271
EFTA_OO157O56
EFTA01289419

Transactions by Type of Activity
PrOCtit;
Settlement
Date Activity Type Description Duantily Price Argued Inlere9 Amount Currency
Securities Bought and Sold
02/07/17 CASH IN LIEU OF FRACTIONAL CASH IN LIEU ON BIOVERATIV INC COM RD 0717 PD 02/07117 21.26 USD
SHARE RECEIVED SPINOFF FR 09062%133 BI0394 'DEC INC COM
BIVV
02107/17 STOCK SPIN-OFF RECEIVED 2095 SHRS 810VERATIV INC COM RD 0417 PD 02/07117 1,047 000 0.00 USD
BIVV SPINOFF FR 09062X23 BIOGEN 105C INC COM
Total Securities Bought and Sold - U.S. DOLLARS 000 21.26
Dividends and Interest
02/02/17 BOND INTEREST RECEIVED 3000000 SOUTHERN CALIF EDISON CO PREF SERE 6 250 % 93,750.00 USD
842400 FU2 0V7/62B/EDTDVI17/2CLBRO0131P0 02/012
02/10/17 CASH DIVIDEND RECEIVED 250000 SHRS BANK OF NEW YORK MELLON CORP COM RD 47.500.00 USD
BK 0131PD 02/13/17
02115/17 BOND INTEREST RECEIVED 80000 SHRSGM AC CAP TR I GTO TR PF0 SECS SER 2 CPR. 34,196.72 USD
ALLY PM 8.Q5% FRED DRILY MATY-02/t/ 2040 CALL ANYTIME ê25
W130 DAYS BEGINS 02/15t6 RD 02/14 PD 02/5117
02/16/17 CASH DIVIDEND RECEIVED 411000 SHRSAPPLE INC COM RD 02113 PO 02/1/17 235.980.00 USD
AAPL
02117/17 BOND INTEREST RECEIVED 3000000 CITIGROUP INC FXD RT SR NT PERP CEP RECPT 89.250.00 USD
17296725 5950% 0815168 BIE OTC 08/2/15 CLB RD 021% PD 02/5/17
02127/17 BOND INTEREST ADJJSTM ENT CITIGROUP INC RO RT SR NT PERP DEP RECPT 5950% .89,250.00 USD
17296725 0815188 BIE DTD 081215 CLB RD 02111PD 0216!4 ADJ
SOURCE CODE TO DIVIDEND
02/27/17 CASH DIVIDEND RECEIVED CITIGROUP INC FXD RT SR NT PERP DEP RECPT 5950% 89,250.00 USD
17296725 08/5/88 BIE DTD 0811216 CLB RD 021% PD 02/E/17 ADJ
SOURCE CODE TO DIVIDEND
02127/17 BOND INTEREST RECEIVED 290000 WASHINGTON M UT M TG SECS CORP 2004•RA2 M TG 3213.76 USD
939336520 PASSTHRU CTF CL C.8-1VAR RATE 6 297% 07/25/33 BEE DTD
06/0104 RD 0131PO 02/ 25/17
02/28/17 MONEY MARKET FUND DEUTSCHEGOVT CASH 6.170.70 USD
INCOME RECEIVED
PER232045
Total Dividends and Interest -U S DOUARS 0.00 510,061.18
Distributions
02128/17 PARTNERSHIP DISTRIBUTION 26357 SHRS APOLLO GLOBAL M GMT LLCCL A SHS RD 02/21PO 118,420.65 USD
APO 02.126/17
Total Distributions- U.S. DOLLARS 0.00 118,420.65
Total Value of Transactions 0.00 628,503.09 USD
The price and quantity displayed may have been rounded
Page 14 of 17
Rated [Kelley Cleating through Perstars LUC a Sbany owned
ben Yew Since 2001 att." cu e»B arra New Yak Mellon
CONFID DALIN, PA ttl) COMUNICATTOP6 Contention CONY Mellon
ti otauoict Ft shine 11C. rnenix. FINRA.W4! 00046448
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009272
EFTA_00157057
EFTA01289420

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
February 1,2017 - February 28,2017
SOUTHERN FINANCIAL LLC
Cash Not Yet Received
Securny Record Date Payable Die Clumility Held Rite Dividend Option Amount of Payment
Dividends
GENERAL ELECTRIC CO COM 02127117 04125117 23,000.000 0.240000 Cash 6,520.00
WISDOM TREEINYTSINC COM 02115/17 03101117 15,000.000 0.080000 Cash 1,200.00
Total Cash Not Yet Received $6,720.00
Assets shown here are not reflected in your account. This information has been received from sources we believe to be reliable. Pershing does not guarantee the accuracy of the
information.
Fixed IncomeAnalysis
Bond Quality Bond Maturity Schedule
of Bond %of Bond
Bond Quality Market Value Market Value Percent of Fixed Income Bond Maturity Market Value Mutat Value
A 2,456,655.00 13% Milo 5 years 360,126.00 2%
06 to it years 315,375.00 2%
BAA 8,515,750.00 43%
. Over 10 years 18,741,679.17 96%
BM Lower 7,565,01713 39%
Not Rated 879,757.24 5% Total 19,417,180.17 100%
Total 19,417,180.17 100% 0 20 40 60 80 100
Percentages of bond market values are rounded tot e nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Bonds that are in default are not included.
Client Service Information
Yew Client Adviser DU Coated Infotnuilon
JOSHUA SHOSHAN Telephone Number: ( 212) 454-4433
280 PARK AVE- 3RD FL
NEW YORK NY 10 017
Page '5 of 17
Rated (Kent.% Ow/ft through Pirstarell.C. a abaft owned
may Year Sect MO/ stinithory of **BOSCO Now Yak Melba
CONFIDWAL-4 D ac A t U u M a t R e A ( T ED COMUNICATiONS C hr o s • h P in o e n t L io IC n . a m NY e r M it e . l F ee IN ) RAWillikelt 00046449
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009273
EFTA_00157058
EFTA01289421

Your Account Informati n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: FIRST IN FIRST OUT
Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT
Default Method for all Other Securities: FIRST IN FIRST OUT
BOND AMORTIZATION ELECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRON IC DELIVERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Client Advisor for
more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise t hem. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability.
• This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award Is very limited.
• The ability of the parties to obtain documents,witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
Page 16 of 17
Rated (“elkot Cleatin through Pesti{ U.C. • Ma/ wonted
ben, Ye., $oKe 2C0/ sticliary of the area Nom Yek Man
CONFIDWAL DALBAR RATED COMMUNICATORS Corporation0NY MS)
Exatuna Pennine L1C. mat. FINRA.644 Yfielt00046450
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009274
EFTA_00157059
EFTA01289422

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
February 1,2017 - February 28,2017
SOUTHERN FINANCIAL LLC
Important Information and Disclosures (continued)
Important Arbitration Disclosures (continued)
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any am endm entsthereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07390:
Page '7 of .7
Rated (Anneal Owing through Pen...RUC, Maly owned
fray Yea, Sffice 2001 sticliary of **Bark of New Yak MOW
CONFIDg DALIAR RATED COMUNICATIONS Corporation0NY Mete)
actiwia Pershing 11.C.nstaix. FINRA.E*PriliteM_00046451
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009275
EFTA_00157060
EFTA01289423

a
Deutsche Bank Gnaw.< Rana Pn.ale Wealth Manalenent
Pdatert$ CedneeGV‘P
Des-b1h4 Sank %WPM.' Ac
P.O Box 1776, Baltimore, MD 21203 Mee *A Olk•
HI Part AnnotIta I bet
War Rot 10114
January 1, 2017 - Januar 31, 2017
Account Number:
SOUTHERN FINANCIAL tiC
GE RED HOOK QUARTER B3
ST THOM AS VI 00802
Portfolio at a Glance
Ns Period Yeer4o-Dste
Your Client Advisor: BEGINNING ACCOUNT VALUE $117.069.956.26 $117,069.956.26
JOSHUA SHOSHAN Adjusted Previous Account Value 117,069,956.26 117,069,956.26
(212) 454-4433
Dividends. Interest and Other lame 18.572.88 18,572.88
Net Other Adivity -25.00 -25.00
Net Change in Portfolio 2,960,115 09 2,960,115.09
rialkata2AILIWOr! $120,048,619.23 $120,048,619.23
Accrued literal S352.334 78
Estimated Annual Income 53.104.665 05
Asset Summary
Poem Asset Type PSI Year-End Lad Period This Period
MI 14% Cash, Money Funds, and Bank Deposits 15,864,445.94 15.864.445 94 16,273,707.94
0 16% Fixed Income 19,233,099.80 19,233,099.80 19,107,561.56
im 68% Equities 79,000,010.52 79,000,010.52 61,585,149.73
ra 2% Exchange-Traded Products 2,972,400.00 2,972,400.00 2,992,200.00
100% Account Total (Pie Chart) $117,069,956.28 $117,089,958.26 $120,048,619.23
Please review your allocation periodically with your Client Advisor.
Page 1 of 17
a
Go papinien In4teelleir OPP61 emlbtldat U4 Walk
''''t Ispow2.• 10.7 ad saddinifteI NA slilimara
CONFIDENTIAL “tv:): ... "4.,,,.....r., U Y t : h w lt I e C v I mmeelfelm 2101•010•••••Onhlil
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CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0009276
EFFA_OO157061
EFTA01289424

Summary of Gains and Losses
Reeked
Ms Period Year4o-Dale Unrealized
Lone-Term Gain! Loss 100 165.30 100 165.30 12391 724.05
Net Gain! Loss 100,165.30 100,165.30 12,391,724.05
This summary excludes transactions where cost basis information is not available.
Money Market Fund Detail
Date Activity Type Desaddioe Mount Uwe
Sweep Money Market Fund
DEUTSCHEG0VT CASs INSTL
Current Yield: 0.50% Activity Ending: DV 3V 17
12131/16 Opening Balance 15,834,711.74 15,834,711.74
01103/17 Deposit MONEY FUND PURCHASE 29,734.20 15.884.445.94
01104/17 Deposit MONEY FUND PURCHASE 1,000.00 15,885,445.94
01113117 Deposit MONEY FUND PURCHASE 2,285.40 15,867,731.34
01119/17 Deposit MONEY FUND PURCHASE 390,714.12 16,258,445.46
01126/17 Deposit MONEY FUND PURCHASE 8,907.38 18,287,352.84
01131117 Deposit INCOMERBNVEST 6,355.10 16,273,707.94
01/31117 Closing Balance $16,273,707.94
Total All Money Market Funds $18,273,707.94
ico Tie aild Expense Summary
Quint Paled Year-to-Oak
Taxable Non Taxabk Taxable Non Twcabk
Dividend Income
Equities 8,830.40 0 00 8,830.40 0.00
Money Market 6,355.10 0 00 8,355.10 0.00
Interest Income
Bond Interest 3,387.38 0.00 3,387.38 0.00
Expenses
Fees(Foreign Securities) -25.00 0.00 -25.00 0.00
Total Dividends, Interest, Income and Expenses $18,547.88 $0.00 $18.547.88 $0.00
Page 2 of 17
Gra paperina •Mitenar OmbilkimelibtaiSOKnokif
CONFIDENTIAL ramenicorauicaras rS
OUt-I
..."". "151Irtlt00046453
CONFIDENTIAL — PURSUANT TO FED. R GRIM. P. 6(e) 08-SDNY-0009277
EFTA_00157062
EFTA01289425

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
January 1,2017 - January 31,2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings
Account Adkity 1:91MII9 Closing Fumed mare 30Aay Current
Opening Cote Quantity Number Ending Balance Balance Income Melee, Yield Yield
CASH, MONEY FUNDS, AND BANK DEPOSITS 14.00% of Portfolio
M argin Balance 29134.20 0.00
Money Market
DEUTSCHE GOVT CASH INSTL
12731/16 16,273,707240 N/A 01131/17 15,834,71114 16,273,707.94 0.00 6,355.10 0.46% 0.50%
Total Money Market $15,834,711.74 $18,273,707.94 $0.00 $6,355.10
TOTALCASH, MONEY FUNDS, AND BANK DEPOSITS $15,861,445.94 $16,273,707.94 $0.00 $6,355.10
Adjusted Unasked Amend Estimated Estimated
Cole Acquired Quality Unit OA Cod Beds Merkel Rice Market Value Gera= Interest Arnaud Income Yield
FIXED INCOME 16.0 0% of Portfolio (In Maturity Date Sequence)
°Asset Backed Securities
WASHINGTON IA UT 11T6 SECSOORP 2004•RA2 Security Identifier: 939336520
TG PASSTHRtl CTF CL foll•WAR RATE
6.617% 01/25133 K0100610104
Factor:0.4747145 Effectth Date2/03117
Current Face Value: 82388.091
12113/13'•3.2 1,290,000.000 76.5190 468,590.84 85.0590 520,891.19 52,300.35 3,376.85
Original Cost Bads: 5638)08.71
Total Asset Backed Securities 5468,590.84 5520,891.19 552,300.35 53,378.85 $0.00
1,290,000.000
Total Current Face Value:612,388.091
Corporate Bonds
EARTHLINK INC GTO SR NT FULLY EXCHANGED Security Identifier 270 321W6
CUSP FROM 27032%88 SIM% 05/6/S BiE
05/VIICALLABLE03/02/17
10/23112 351,000.000 102.2740 358,982.31 102.2500 358,897.50 14.81 8,576.38 31,151.25 817%
Original Cost Basis: 5362,407.50
BARCLAYSBK PLCCONTINGENT CAP NT Scarily Identifier: 06739FHK0
1511$ U906739FHK03 1750% 04/1/23 WE
OTD 0415/1C ALLABLE 0410/158 P Rothe BB+
04/03/13'•12° 300,000.000 100.0000 300.000.00 105.3750 316 125 00 16,125.00 7,168.75 23,250.00 7.35%
Page 3 of 17
Go peptide's ct IWO:~ ClimbilimpitialCoSI.
MON,U s MO adeadeignainla11.0
CONFIDENTIAL maw agom issed ManapairleallifN AM
N"'"`Thliglrai_000464.54
CONFIDENTIAL — PURSUANT TO FED. R CR[IVI P. 6(e) DEI-SDNY-0009278
EFTA_00 157063
EFTA01289426

Portfolio Holdings (continued)
Adjusted Unrealized Accrued Estimated Estimated
Date Acquired Quantity Unit Cost Cod Bells Merkel Rice Mallet Value Gainlloss Interest Annul Income Yield
FIXED IN COM E (continued)
Corporate Bonds (continued)
BARCLAYS BK PLC CONTINGENT CAP NT (continued)
Original Cost Basis: S300100.00
Se ORGAN CHASES CO DEP SHSREPSTG Security Identifier: 46625HHA1
f 13TH PFD SER1FIXED TO RIG RT BO
7900% 04/29/49 BIEOTD 04/23,08M oody Rating EIAA3 SS P
Rating BBB.
06/15/11 " 12 2,500,000.000 107.5000 2.687.500.00 103.0000 2,575,000.00 .112.500.00 49.375.00 197,500.00 7.66%
Original Cost Basis: $2.687.510.00
06/15il I .."2 2,500.000 000 107 0000 2,675.000.00 103.0000 2.575.000 00 -100,000.00 49,375.00 197,500.00 7.66%
Original Cost Basis: $2,675,000.00
Total Noncovered 5,000.000 000 5,362,500.00 5,150,000.00 -212.500.00 98.750.00 395.00010
Total 5,000,000.000 35,362,500.00 35,150,000.00 .$212,500.00 396.75010 3395.000.00
BANK AM ER CORP PERP NON COM ULATIVE DEP Security Id stifle: 0605050T8
SHS FIXED TO FLOAT 8.25% 04130/58 B/E
DTD 04130/08 CALLABLE05/15/SM oody Rating BA2 St P
Rating BB*
01/10/11 "-'2 2.000.000.000 102.7500 2.055.000.00 104.2800 2.085.600 00 30100.00 34.305.56 162.500.00 7.79%
Original Cost Basis: 52,055,00000
SOUTHERN CAUF EDISON CO PREF SER E Securdy Identifier: 842400 FU2
6.250% 0117/62 BlE 01D 0117112
CALLABLE02/011220 130 000M oody Rating BAAl S8 P Rating
BBB.
01/30/12 .'3'12 3,000,000.000 99.8570 2.995.702.43 110.1500 3.304.500 00 308,797.57 93,750.00 187,500.00 567%
Original Cost Basis: 32,992,564.97
GENERAL ELEC CO GTD FXD.TO.FLTGRT Securdy Identifier: 3696048M
NONCUMULATIVE PERPETUAL PREFERRED
4.000% 2/03165 REG DTD 2/0311Moody Rating A3 58 P
Rating A
12/03/15 2.469.000.000 88.0930 2,175,016.17 96.5000 2.382,585 00 207,568.83 12,619.33 98,760.00 4.14%
Original Cost Basis: $21750 117
5LLOYDS8ANKING GROUP PLC FXD RATE RESET &sourly Identifier 539439A04
ADM. TIER 1SEDS US539439AG42
7.500% 04127/88 B/E DTO 04/01/11S S P Rating 88•
Please Provide • 1,903,000.000 N/A Please Provide 103.7290 1.973162.87 N/A 13,479.56 142,725.00 723%
Original Cost Basis: Please Provide
Page 4 of 17
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EFTA_00 157064
EFTA01289427

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
January 1,2017 - January 31,2017
SOUTHERN FlNA NCIAL LLC
Portfolio Holdings (continued)
Adjusted unrested Awued Eslir al ed Este-Ate
Ora Acquired Quantity UnN Coq Cost Pals Market Price Market Pike Gainless Inters Annual Income Yield
FIXED 'NUME (continued)
Corporate Bonds (continued)
CITIGROUP INC FXD RT SR NT PERP DEP RECPT Security Identifier: 0296725
5.950% 0815/88 B/E DTD OafB IZ
CALLABLE0819/20 if) 130.000Moody Ratieg BA2 S8 P Rating
08/06/15 3,000,000.000 100.0000 3.000.006.00 103.5000 3,105,000.00 104,994.00 82,308.33 178,500.00 5.74%
Original Cost Bus $3,000p06.00
Total Corporate Bonds $16,241,206.91 $18,676,670.37 8455,500.59 $348,957.93 $1,219,386.25
18,023,000.000
TOTAL AXED INCOM E $16,715,797.75 $19,197,561.56 $507,800.94 5352,334.78 $1,219,386.25
19,313,000.000
Walked Sleeted Estiuted
Date Acquied Quantity Unll Cosi Colt Bads Market Pike Nadel Value Galorloss Maud Worse Yield
EQUITIES 68.00% of Portfolio
Common Stocks
OBILEYE NV AM STELVEEN ORO MS Security Ideatifier:MBLY
ISN4 N1009831361 CUSIP N55188117
Dividend Oplion: Cash
08/01/14 800.000 25.0000 20,000.00 42.9600 34,368 00 14,368.00
ADVERUM BIOTECHNOLOGIESINC Security Identifier: ADVM
COM CUSIP 00773U16
Dividend Oplion: Cash
04120/15 10,000.000 39.8610 398.606.00 2.9000 29.000.00 369,606.00
AKORN INC COM Security Identifier AKRX
Dividend Oplion: Cash CUSP 00972896
06/10/15 5,000.000 46.8410 234,206.00 19.1000 95.500 00 ,138,706.00
ALIBABA GROUP FILDG LTD SPONSORED ADS Securely Identifier MBA
ISNt US9909W1327 CUSP:0909W 92
Dividend Oplion: Cash
06/10/15 5.000.000 88.9500 444,749.00 101.3100 506.550 00 61,801.00
Page 5 of 17
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EFFA_00157065
EFTA01289428

Do, ,folio oidings (continued)
Unmated Estimated Edlnialed
Date Acquired Nastily Unit Cosi Cost Ewes Market Rix Market Value Gaieties Annual Income Yield
EQUITIES (continued)
Common Stocks (continued)
ALLIANZ SE SPONSADR REPSTG Y9 SHS Security Identifier: AZSEY
Dividend Oplion: Cash CUSP 01805131
04/13/15 5.000.000 18.0110 90.056.00 16.9650 84.825 00 -5,231 00 3.059.77 3.60%
APOLLO GLOBAL II GM T LLCCL A SHS Sedulity Identifier: APO
Dividend Oplion: Cash CUSP. 03762306
03/29/11 " 3 263.157.000 19.0000 4.999.983.00 21.2400 5.589.454.68 589.47118 328.946.25 5.88%
APPLE INC COM Security Identifier. AAPL
Dividend Option: Cash CUSIP: 03783320
10/28/133 14,000.000 75.5800 1,058,120.50 121.3500 1.698.900.25 640,779.75 31,920.00 1.87%
09/05/14 124,180.000 98.9500 12,287.615.97 1211501 15,069.242 96 2,781,626 99 283,130.40 1.87%
09105114 3 7.200.000 98.9500 712.440.29 121.3500 873.719.78 161,279.49 16.416.00 1.87%
09705114' 18,620.000 98.9500 1,842,449.74 1211500 2 259.537 23 417,087.49 42,453.60 1.87%
01/11/16 250,000.000 99.0000 24,750,006.00 121.3500 30,337,499.78 5,587,493.78 570,000.00 1.87%
Total Covered 414,000.000 40,650,632.50 50,238,900.00 9,581267.50 943,920.00
Total 414,000.000 $40,650,632.50 $50,238,900.00 $9,588/67.50 $943,920.00
ASCENA RETAIL GROUP INC COM Security Idenlifier ASNA
Dividend Galion: Cash CUSP 04351321
01/16/01 **3 70.500.000 21.2770 1.500.000 00 4.8100 339.105.00 -1.160.895.00
BASF SE SPONSADR Securdy Ideal diet BASFY
ISIN*USO 552625057 CUSIP. 055262505
Dividend Option: Cash
01/13/15 5,000.000 101.6110 508,056 00 96.5800 482 900.00 .25,156.00 12,163.55 2.51%
BANK OF NEW YORK M Et LON CORP COM Security Identifier. BK
Dividend Oplion: Cash CUSP. 061058130
06/25/14 250,000.000 36.3060 9,076,406 00 44 7300 11,182,500 00 2,106,094 00 190,000.00 1.69%
BIOGEN MC INC COM Secaiity Identifier BIM
Dividend Option: Cash CUSP. 09062X03
02/14/12 " 3 2.095.000 119.5490 250.454 95 277.2400 580117 80 330.362 85
CENTRE CORP DEL COM Security Identifier: CNC
Dividend Option: Cash CUSP: 21358111
09/08/14 15,550.000 63.6450 989,679 75 63.2700 983.848 50 -5,831 25
DISH NETWORK CORP CL A Security Identifier DISH
Dividend Option: Cash CUSP. 2547011409
06/10/15 5,000.000 72.9960 364,978 00 59.1700 295.850 10 49,128 00
Page 6 of 17
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EFTA_00 157066
EFTA01289429

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
January 1, 2017 - January 31, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Unrealized Estimated Edk at ad
Date Acquired Quantity Unit com Cod Basis Market Price Market Value Gainiloss Annual Income Yidd
EQUITIES (continued)
Common Stocks (continued)
FACEBOOK INC CL A Security Identiiiei: FB
Dividend Oplion: Cash CUSP. 30303M132
05/17/12 " 3 17,500.000 38.0000 665,000.00 130.3200 2 280.600 00 1,615,600 00
FOUNDATION MEDICINEINCCOM Security Identifier: FM I
Dividend Oplion: Cash CUSP:350465130
01/13/14 25.000.000 27.5070 687.663.50 19.5500 488.750 00 -198.913.50
08/05/14 24,830.000 23.2530 577.373.02 19.5500 485126.50 -91,946.52
Total Covered 49,830.000 1,265,036.52 974,176 50 -290,860.02
Total 49,830.000 51.265.038.52 3974.176 50 4290,860 02 SO 00
GENERAL ELECTRIC CO COM Security Identifier. GE
Dividend Option: Cash CUSP. 369604 03
04123113'," 23,000.000 21.5700 496.109.08 29.7000 683.100.00 186,990.92 22,080.00 323%
GENERAL II TRS CO COM Security Identifier: CM
Dividend Oplion: Cash CLISIP. 370459100
11/18/10 10.988.200 36.4010 399,978.16 36.6100 402.278.01 2,299.85 16.702.06 4.15%
12109110' 86.536.800 368160 3.185.969 22 36.6100 3.168.112.24 -17.856.98 131.535.94 4.15%
Total Noncovered 97,525 000 3,585,947.38 3:570,390.25 .15,557.13 148,238 00
Total 97,525 000 53,585,947.38 53:570,390.25 415,557.13 3148 238.00
GILEAD SCIENCES INC Severity Identifier. GILD
Dividend Oplion: Cash CUSP: 37555803
02105114 5.000.000 79.2810 396.407.00 72.4500 362.250 00 -34,157 00 9.400.00 2.59%
03107114 3,100.000 79.6120 246.797.00 72.4500 224 595 00 -22.202.00 5,828.00 2.59%
Total Covered 8,100.000 643,204.00 586.845 00 -56,359.00 15,228.00
Total 8,100 000 3643,204 00 3586,845 00 456,359 00 $15,228.00
GUVOSM ITHKUNE PLC VOHS AD R Security Idenlilier: GSK
Dividend Option: Cash CUSIP. 37713W 135
06/10/15 5.000.000 43.0010 215.006.00 39.3100 196.550 00 -18.456 00 10.335.20 5 25%
Page 7 of 17
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EFTA_00 157067
EFTA01289430

Portfolio Holdings (continued)
Unmanned Edknated Edhaded
Date Acquired Quantity Unit cool Cod Bale Market Rice Market Value <Minton Annual Income Yield
EQUITIES {continued)
Common Stocks (continued)
GLOBAL PARTNER ACQUISITION CORP Security Identifier: GPACU
UNIT 1COM 8 'WI Ea CUSP: 37954 X204
Dividend Option: Cash
07/30115 2.000.000 10.0000 20.000.00 10.2000 20.400 00 400 00
000ADDYINCCLA Seco re y Idenlilmr:GDDY
Dividend Oplion: Cash CUSP:38023797
04/01/15 700.000 20.0000 14.000.00 35.7300 25.011.00 11.011 00
ATCH GROUP INC COM Security Idealkr: MICH
Dividend Oplion: Cash CUSP:57665036
11/18/15 200.000 12.0000 2,400 00 17.3700 3,474.00 1,074 00
SANGAMO BIOSCIENCES INC COM Security Identifier: Kill 0
Dividend Option: Cash CUSP. 80067706
05/28/13'.a 50.000.000 8.4440 422214 00 3.5000 175,000 00 -247,214 00
SANTANDER OONSUM ER USA III NS INC COM Securey Identifier: SC
Dividend Option: Cash CUSP:80283M 91
01/23/14 1.000.000 24.0000 24.000 00 13.2200 13.220.00 .10.780.00
SQUARE INC CL A Security Identifier: SO
Dividend Oplion: Cash CUSP:85223403
11/19/15 200.000 9.0000 1.800 00 14.6200 2.92400 1.124 00
TERRAFORM GLOBAL INC CL A Security Identifier: GAL
Dividend Option: Cash CUSP: 881141I 91
07/31/15 400.000 14.5550 5,82184 4.4000 1.760 00 -4.061 84 440.00 25.00%
TWITTER INC COM Security Hen' ifier TIV TR
Dividend Option: Cash CUSIP. 90141132
11/07/13 1$00.000 26.0000 39.000.00 17.6200 26,430.00 .12,570.00
VIACOM INC NEW CL B Security Identifier: VIAB
Dividend Oplion: Cash CUSP: 92553P201
06/10/15 5,000.000 67.7490 338.745.00 42.1400 210.700 00 -128,045.00 4,000 00 1.89%
VOLKSWAGEN A GADR ISPONS) Security Identifier: VLKAY
Dividend Oplion: Cash CUSP:928662303
04/13/15 5.000 000 50.8610 254.306.00 32.0900 160.450 00 -93.856.00 91.85 0.05%
WISDOM TREE INVTS INC COM Security Identifier:WM
Dividend Oplion: Cash CUSP:9771014
Page 8 of 17
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CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009283
EFTA_00 157068
EFTA01289431

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
January 1, 2017 - January 31, 2017
SOUTHERN FINANCIAL LLC
Portfolio Holdings (continued)
Untanned Eminated &leaded
Date Acquired Quantity IAN Cod Cod Basis Market Perm Market Value Gain loss Amend WIN Yield
EQUITIES (continued)
Common Stooks (continued)
WISDOM TREE INYTS INC COM (continued)
03131115 15.000.000 21.6110 324.157.50 10.3000 154.500.00 -169,657.50 4,800.00 3.10%
Total Common Stocks $67,844,554.52 $79,529,149.73 $11,684,595.21 $1,683,302.62
Preferred Stocks (listed by expiration date)
GMAC CAP TR I GTO TR PFD SECS ER 2 CPR- Security Identifier ALLY PRA
8.25% FREO ORTLY MATY412/15/2040 CALL CUSIP. 361360208
ANYTIM ECUS W130 DAYS BEGNS02/1/13
Dividend Option: Cash
02122112'•° 80,000.000 23.5350 1,882,773.60 25.7000 2,056,000.00 173,226.40 136,786.88 6 55:i,
Total Preferred Stocks $1,882,773.60 $2,056,000.00 $173,226.40 $136,786.88
TOTAL EQUITIES $69,727,328.12 $81,585,149.73 $11,857,821.61 $1,820,089 50
Unmated Estimated Estimated
Ode ALAS'S Nudity UnN Cod Cod Nis Markel Piece Market Value Celiflose Annual Income Yield
EXCHANGE-TRADED PRODUCTS2.00% of Portfolio
WISDOM TREE TR APAR HEDGED EQUITY FD Security Identifier. DXJ
Dividend Option: Cash: Caudal Gains Option: Cash CUSP9771794851
60,000.60 of these shares are in you margin account
12111113 60.000.000 49.4350 2,966,098.50 49.8700 2992,200 00 26,101 50 58,834.20 196%
TOTAL EXCHANGE-TRADED PRODUCTS $2,966,098.50 $2,992,200.00 $26,101.50 $58,834.20
Unmated Awued Blended
Cod Bads Markel Value Geitilon Intend Amid Income
TOTAL PORTFOLIO HOLDINGS $105,682,932.31 $120.048,619.23 $12,391,724.05 $352,334.78 $3.104,665.05
Noncovered under the cost basis rules as defined below.
Securities acquired before 20 llor in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1988, as amended
("IRC') (incorporating amendments enacted by P.L.110-34 3, the Emergency Economic Stabilization Act of 20 0 8) and are, therefore, considered "noncovered' under the new cost basis
reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are
"covered" under the new cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they
are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed.
Page 9 of 17
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EFTA_00157069
EFTA01289432

Portfolio Holdings (continued)
Reporting requirements generally will be phased in over a three-year period. as follows:
• Stock in a corporation acquired on or after January 1.20 11
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1,20
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January t 2010
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the
taxpayer election, type of fixed income security. and certain attributes. obtained from sources believed to be reliable. In the event. one or more of these attributes is changed. there may
be a temporary incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain
circumstances, including those involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you
should consult your tax advisor in the preparation of your tax returns.
3 The cost basis of this security has been provided fo us by you or your introducing firm and Pershing makes no representation as fo the accuracy of this information.
s Unrealized gains and losses are not reported for securities for which cost basis or market value isnot available.
e The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face
amount of the security. Factors may change over time and are obtained from sources we believe to be reliable.
12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section.
13 The cost basis of this security has been provided fo us by the delivering firm or transferring agent and Pershing makes no representation as fo the accuracy of Misinformation.
Portfolio Holdings Disclosures
Pricing
This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market
prices, unless otherwise noted, have been obtained from independent vendor services. w hich we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ
from the actual sale price. Securities for which a price is not available are marked "NI A" and are omitted from the Total.
THEASOF PRICE DATEONLY APPEARS W HEN THEPR10EDATE DOES NOT EQUAL THE STATEM ENT DATE
Estimated Annual Figures
The estimated annual income (EAI) and estimated annual yield (FAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or
guarantee of future results. These figures are computed using information from providers believed to be reliable; however. no assurance can be made as to the accuracy. Since interest
and dividend rates are subject to change at any time. and may be affected by current and future economic. political. and business conditions, they should not be relied on for making
investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates. and prices remain constant A capital gain or return of principal
may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.coml business_continuity.htm I for specific details as to formulas used to
calculate the figures. Accrued interest represents interest earned but not yet received.
Reinvestment
The dollar amount of Mutual Fund distributions. Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may
have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions,
including the time of execution and the name of the person from whom your security was purchased. may be obtained. In dividend reinvestment transactions. Pershing acts as your
agent and receives payment for order flow.
Option Disclosure
Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished
to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining
current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or
Page 10 of 17
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EFTA_00 157070
EFTA01289433

a
Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
January 1,2017 - January 31, 2017
SOUTHERN FlNA NCIAL LLC
Portfolio Holdings Disclosures (continued)
Option Disclosure (continued)
financial situation. Expiring options w hich are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional
information regarding this procedure is available upon written request to your introducing firm.
Foreign Currency Transactions
Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar
corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate
identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial
organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or
received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use.
Proxy Vote
Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your
shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than
the number of shares in your margin account.
Ratings
This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted
without prior written authorization from Standard & Poor's Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard &
Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties
including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with
the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities. and do not address suitability for
investment purpose. Credit ratings should not be relied upon as investment advice.
Schedule of Realized Gains and Losses Current Period
Date Date Realized
Description Disposed Acquired Designation Disposition Method; Transaction Quantity Proceeds Cost Bois Gain Loss
Long Term
ARIAD PHARU ACEUTICAL 01113117 02114112 Noncoveree.13 First In Fug 0u1/ SELL 7,535.000 178,048.44 114,597.40 63.451.04
Secutily Identifier. 040334110
01113117 01/24113 *Dowered First In First OA i SELL 9,000.000 212,665.68 176.400.00 36.265.68
"3
Total 16,535 000 390,714.12 290,997.40 99,716.72
Page $.1 of 17
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CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0009286
EFTA_0015707 I
EFTA01289434

Schedule of Realized Gains and Losses Current Period (continued)
Date Date Realized
Description Disposed Acquired Designation Disporallon Method r Tram:lion QuaetRy Proceeds Cost Dais Gain, Loss
Long Term (continued)
WASHINGTON LIT RIG S 01124/17 12/13/13 Noneevereti REMIT OF PRP/ 1,290,000.000 1,910.37 1,461.79 448.58
004-RA2 RIG PASSTHRU CTECI. C-
Original Cost Basis: t46179
13-1VAR RATE 6.617% 07125133
Security Identifier: 939336520
Total Long Term 392,624.49 292,459.19 100,185.30
Total Short and Long Term 392,624.49 292,459.19 100,165.30
• Noncoveved under the cost basis rules as defined below.
Securities acquired before 2011or in retirement accounts are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC')
(incorporating amendments enacted by P.L.310-34 3, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules,
and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new
cost basis reporting rules are defined as non-retirement, US taxpayers securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis
reporting rules and the adjusted basis will be reported to the IRS on form 1399-B for the applicable tax year in which the security is disposed.
Reporting requirements generally will be phased in over a three-year period, as follows:
• Stock in a corporation acquired on or after January 1, 2011
• Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 202
• Options and any Debt Instruments that provide a simple fixed payment schedule for which a yield to maturity can be easily determined acquired on or after January 1, 2014.
This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior
income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital
information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable.
Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be
differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to
you.
When you report your cost basis on your tax return, it should be verified using allot your own records. In particular, there may be other adjustments which you need to make, but are not
required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be
responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims
any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting.
Cost Basis on fixed income securities may be adjusted for amortization, accretion, original issue discount adjustments, or principal paydowns. The calculation is based upon the taxpayer
election, type of fixed income security, and certain attributes. obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary
incorrect adjusted cost basis reflected until the cost basis system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those
involving foreign bonds, bonds sold short or bonds issued with less than one year to maturity. This information is meant as a general guide and you should consult your tax advisor in the
preparation of your tax returns.
1 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information.
Page 12 of 17
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EFTA01289435

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
January 1,2017- January 31,2017
SOUTHERN FINANCIAL LLC
Schedule of Realized Gains and Losses Current Period (continued)
13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information.
Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which
you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (RFO) Your
account's selected tax lot method will be used to determine the cost basis for calculating gain and/ or loss, unless another method was selected at the time of the security disposal, and this may
be reported on the IRSForm 1099-B
Message3
Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual
fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds
credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for
additional information. Pursuant to WrC Rule 10 b-10( b)( 1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform.
Activity Summary (All amounts shown awn base currency)
Cedes ThisPedod Debits ThisPerlod Net ThisPedod CrediteYear-to-Date Debits Year-to-Dete Net Yew-to-Date
Securities
Securities Sold 390,711.12 0.00 390,714.12 300,714.12 0.00 390,714.12
Total Securities 5390,714.12 $0.00 $390,714.12 $390,714.12 $0.00 $390,714.12
Dividends and Interest $18,572.88 $0.00 $18,572.88 $18,572.88 $0.00 $18,572.88
Fees $0.00 425.00 425.00 $0.00 425.00 425.00
Totals $409,287.00 425.00 $409,262.00 8409,287.00 425.00 $409,262.00
Transactions by Type of Activity
Process; Trade;
Settlement Tremeaction
Date Date Adivity Type DeectIption OtuntIty Price Accrued Meted Amen' Omenq
Securities Bought and Sold
01119/17 01113117 SOLO ARIAD PHARM ACEUTICALS INC UNSOL AVERAGE UNIT PRICE -16,535.000 23.6904 390,214.12 urn
ARIA TRANSACTION YOUR BROKER ACTED AS AGENT
Total Securities Bought and Sold - U.S. DOLLARS 0.00 390,714.12
Page 13 of 17
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EFTA01289436

Transactions by Type of Activity (continued)
Process' Trade;
Settlement Translation
Date Dale Activity Type Description Duentily Price Acaued Interest Amount °Agency
Dividends and Interest
01/03/17 CASH DIVIDEND RECEIVED 5000 SHRS VIACOM INC NEW CLB RD 215 PD 0103117 1.000.00 USD
VIAB
01/12/17 FOREIGN SECURITY DIVIDEND GLAXOSMI THKLINE PLC SPONS ADR RD 1104 PD 017/V CASH 2.310.40 USD
RECEIVED DIV (I 0.46208 5000 SHS
GSK
01/25/17 CASH DIVIDEND RECEIVED 23000 SIRS GENERAL ELECTRIC CO COM RD 2127 PD 0125/17 5,52000 USD
GE
01125/17 BOND INTEREST RECEIVED 290000 WASHINGTON 14 UT M TG SECS CORP 2004-RA2 M TG 3387 38 USD
939336520 PASSTHRU CTF CL C-8-1VAR RATE 6.6 V% 07/25/33 BIEDTD
06/0104 RD 2/33 P00125117
01131/17 MONEY MARKET FUND DRITSCHEGOVT CASH 6.355.10 USD
INCOME RECEIVED
213993682
Total Dividends and Interest - U.S. DOLLARS 0.00 18,572.88
Fees
01/12117 FEE ON FORBGN DIVIDEND GLAXOSMI THKUNE PLC SPONS ADR RD 1104 PD 0121V ADR -25.00 USD
WITHHELD AT THE SOURCE FEE(90 0055000 MS
GSK
Total Fees - U.S. DOLLARS 0.00
Other Transactions
01/31/17 ACTIVITY WITHIN YOUR ACCT ADVERUM BIOTECHNOLOGIES INC COM TRANSFER FROM 10,000 000 000 USD
ADVM MARGIN
01/31/17 ACTIVITY WITHIN YOUR ACCT ADVERUM BIOTECHNOLOGIES INC COM TRANSFER TO CASH -10.900.000 0.00 USD
ADVM
01/31/17 ACTIVITY WITHIN YOUR ACCT AFftE INC COM TRANSFER FROM MARGIN 250 000 000 0.00 USD
AAPL
01/31/17 ACTIVITY WITHIN YOUR ACCT AFftE INC COM TRANSFER TO CASH -250,000 000 0.00 USD
AAPL
Total Ot her Transactions - U.S. DOLLARS 0.00 0.00
Total Value of Transactions 0.00 409,262.00 USD
The price and quantity displayed may have been rounded.
Page '4 of
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EFTA01289437

Deutsche Bank
P.O Box 1776, Baltimore, MD 21203
January 1,2017 - January 31,2017
SOUTHERN F1NA NCIALLLC
Corporate Act ion Events Not Yet Processed
Bred Type Eg4kvielend Distribution
Security Beat ID Date Dale DuantilyNal0 Rite Sent 0ramtly Cement PrIca blight Value
Securities Not Yet Received
N0VERATIV INC C0M SPIN-OFF 02102117 02/07/17 2.095.000 0.5000000 1,047.0000 0.0000 0.00
DAL0C000LGR
Total Securities Not Yet Received $0.00
The above information has been obtained from sources we believe to be reliable. All items are subject to receipt.
xed Inc meAnalysis
Bond Quality Bond Maturity Schedule
%al Bond
%or Done
Bond Quality MOM Value Merket Win .of Axed income Bond Maturity Market Value Merkel Value
Penal
A 2,382,585.00 12% IMI 1t O 5 years 358,897.50 2%
BA A 8,454,500.00 44% n6 to 10 years 316,125.00 2%
BA/ Lower 7,480,687.87 39% • Over 10 years 18,522,539.06 96%
Not Rated 879,788.69 5% Total 19,197,561.56 100%
Total 19,197,561.56 100% 0 20 40 60 80 100
Percentages of bond market values are rounded to the nearest whole percentage.
Bond quality ratings reflect M oody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio
Holdings section.
Bonds that are in default are not included.
Cient Se. vice Information
Your Client Advisor:94J Contact Infantile('
JOSHUA SHOSHAN Telephone Number:
280 PARK AVE- 3RD FL
NEW YORK NY 10017
Page 15 of 17
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Your Account Informati n
TAX LOT DEFAULT DISPOSITION METHOD
Default Method for M utual Funds: FIRST IN FIRST OUT
Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT
Default Method for all Other Securities: FIRST IN FIRST OUT
BOND AMORTIZATION SECTIONS
Amortize premium on taxable bonds based on Constant Yield Method: Yes
Accrual market discount method for all other bond types: Constant Yield Method
Include market discount in income annually: No
ELECTRONIC 0E UV ERY
You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Client Advisor for
more information.
Important Information and Disclosures
The Role of Pershing
• Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without
inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or
liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the
suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under
common control with it liable for any investment losses incurred by you.
• Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your
financial institution or that it receives as the result of securities transactions it processes.
• Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your
account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the
acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, w here applicable; the rendering of investment advice,
if any, to you and in general, for the ongoing relationship that it has with you.
• Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at All other inquiries regarding
your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement.
• For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as
a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the
Disclosure Statement, please contact your financial institution.
• Pershing is a member of the Securities Investor Protection Corporation (SIPCO). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC
protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit:www.pershing.com/ about/ strength-and-stability.
• This statement will be deemed conclusive. You ere advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after
receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your
rights, including your rights under the Securities Investor Protection Act.
• Your financial organization's contact information can be • t page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department,
One Pershing Plaza, Jersey City, New Jersey 07399; . Errors and Omissions excepted.
Important Arbitration Disclosures
• All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
• The ability of the parties to obtain documents,witness statements and other discovery is generally more limited in arbitration than in court proceedings.
• The arbitrators do not have to explain the reason( s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the
Page 16 of 17
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EFTA01289439

Deutsche Bank
P.O. Box 1776, Baltimore, MD 21203
January 1, 2017 - January 31, 2017
SOUTHERN FINA NCIAL LLC
Important Information and Disclosures (continued)
Important Arbitration Disclosures (continued)
panel at least 20 days prior to the first scheduled hearing date.
• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases. a claim that is ineligible for arbitration may be brought in court.
• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.
Important Arbitration Agreement
Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class
action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative
class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or
(III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to
the extent stated herein. The laws of the State of New York govern.
Pershing's contact information is as follows: Pershing LLC. Legal Department. One Pershing Plaza. Jersey City. New Jersey 07399:
Page "7 of
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