0 0 00 7. z 71 71 5 5 mm z z T> CO Z C C z H 0 m O SOUTHERN FINANCIAL, LLC For the Period 7/1/13 to 7/31/13 Pr co Quarrity Vain) Aajusted Cost OrtgAal Cost Unrealized Est Amaral Inc. Gain/Loss Accrued On. Yield Non-US Equity ROYAL BANK SCOTLAND GROUP PLC 22.56 120.000.000 210/200 00 2,924,400.00 (217200.00) 217,560.00 8.04% ADR NON-CUMULATIVE O /P-2 a) Df Total Non-US Equity 53,851,991.91 $4,074,277.07 $217,660.00 5.65% (5222,285.18) European Large Cap Equity HUM COW BUFF ED SEISE 08/29/14 99.63 2,000000 000 1,992,600.00 2,000,000.00 (7,400.00) 80% EKO BARRIER- 4%CPN 17% CAP INITIAL LEVEL-05/24713 Emerging Market Equity P G RAN A Y IAONTERO SA ADR 2080 0.00 NAM APIA LATIN AMERICA FD SEL 17.75 49604.950 878,712.86 1.000.000.00 (121287.14) 841.58 0.10% FUND 3815 Total Emerging Market Equity 5878,712 86 51,000,000.00 (5121,287.14) 584158 0.10% g UI 0 J.P.Morgan Consolidated Statement Page 10 EFTA01344301