Epstein Secrets

SACTIONS • ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS, CUSTOMS. USAGES. RULINGS AND INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED. OR IF

price and quantity displayed may have been rounded. Fixed Income Analysis Bond Quality Band Quality A 1,641,885.00 6% BAA 6,516,000.00 26% BA/ Lower 16,431,643.19 65% Not Rated 774.060.00 3% Total 25,363,588.19 100% 0 %of Bond Medd Value Market Value Percent of Fixed Income 20 40 60

ACTIONS • ALL ORDERS AND TRANSACTIONS SHALL. BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE SUBJECT TO THE CONSTITUTK)N. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED, OR IF

Income A nalys s Bond Quality % ol Bond Bond Duality lisket Value Motet bin Percent of Fixed name A 2,222,100.00 8% BAA 8,220,750.00 31% BA/ Lower 16,126,337.50 56% Not Rated 1,324,071.39 5% Total 28,892,258.89 100% 0 20 40 80 80 100 Bond Maturity Schedule Bond Melnik, IS 7 to 2 m

SACTIONS • ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS. CUSTOMS. USAGES. RULINGS AND INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED. OR IF

76, Baltimore, MD 21203 Fixed IncomeAnalysis Bond Quality %MOS Bond Quality Market Wave Mutat Vim A 2,345,550.00 9% BAA 8,290,000.00 33% BA/ Lower 14,145,501.25 56% Not Rated 454,811.86 2% Total 25,235,863.11 100% Percent of Axed Income January 1,2018 - January 31,2018 SOUTHERN FINANC

SACTIONS • ALL ORDERS AND TRANSACTIONS SHALL BE SOLELY FOR YOUR ACCOUNT AND RISK SHALL BE SUBJECT TO THE CONSTITUTION. RULES. REGULATIONS, CUSTOMS. USAGES. RULINGS AND INTERPRETATIONS OF THE EXCHANGE OR MARKET AND THE CLEARING FACILITY. IF ANY. WHERE THE TRANSACTIONS ARE EXECUTED ANDIOR SETTLED, OR IF

eMaturity 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 mark