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asset allocation A Eye on the markets Index Percentage change December 2015 Year to date S&P 500 -1.58% 1.38% Russell 3000 -2.05% 0.48% MSC - Europe, Australia & Far East -1.33% -0.39% Barclays Capital U.S. Aggregate Bond Index -0.32% 0.55% Your R Bendel Advisor- SCOTT STACK MANLYLE CASRIEL
gabon of UBS AG to repay to Dilates %Nil cn the UK Cayman's Brach's books, Deposes a LBS Bark USA and each UBS AG Stanch are rot protected by 51K. Monty Fund shares are protected by SIPC. See 'LBS Financial krises Accost Protection' below. Upon pis IsNUSIS, balances in to Bank Sweep Programs or DA may
s statement for details about those balances dex Percentage change March 2015 Year to date 58P 500 -1.58% 0.95% Russell 3000 -1.02% 1.80% MSC - Europe, Australia & Far East -1.43% 5.00% Barclays Capital U.S. Aggregate Bond Index Interest rates on March 31, 2015 3-month Treasury bills: 0.03% On
r oblootit of LOS AG to way the toatrICS nhie on the LOS Camas's eraCh'S boas. Deposits X UBS Bat USA and each UPS AG Brach an nee preacied by SP( Monty Fund ties are protected by WC See %BS anted Sevres Account Maeda/iv below. Open per rwamt babies o tie Bat Swap Programs OA may In whales ad ran of a t
t asset allocation A D Eye on the markets Index Percentage change July 2014 Year to date S&P 500 -1.38% 5.66% Russell 3000 -1.97% 4.83% MSC - Europe, Australia & Far East -1.96% 3.08% Barclays Capital U.S. Aggregate Bond Index Interest rates on July 31, 2014 3-month Treasury bills: 0.03% One
t other oh ifiltkn of LISS AU to way the batman ate on the IS Carnats Bas boas Deposits at UBS Bat USA rd ea& 1.)05 AG Brach aro at proecwd by SP( Monty Fund tans are protect* by SPC See %IBS Tina** Severn Account latedion" below. Open you roam,, batrees n to Bak Sweep Program or DA mai be villata ad am
Entities connected to both MSC - Europe and Monty Fund

Ghislaine Maxwell
PERSONRussell 3000
ORGANIZATION
Vicky Ward
PERSON
Condoleezza Rice
PERSON
Stanford University
LOCATION
UBS AG
ORGANIZATIONUPS AG
ORGANIZATIONLOS AG
ORGANIZATIONSCOTT STACK
ORGANIZATION
Joi Ito
PERSONBank USA
ORGANIZATIONWeehawken
LOCATIONHarbor Boulevard
LOCATION
NEW YORK NY
LOCATIONCayman
LOCATIONDoug Band
PERSON
Mao Zedong
PERSON
United States
LOCATIONNnandal
ORGANIZATION
Puerto Rico
LOCATION