SACHS GROUP INC 150000.000 101.00 151,495.50 150780.00 715.50 2437 50 1.06% 1 5/816JUL 15 2011 514.50 DTD 01/2112009 38146F-AF-8 AAA /AAA INTL BK RECON & DEVELOP - BRL 90,000.000 55.12 49,606.61 50,106.74 (498.13) 4.420.18 9.50% 8 3/4% JUN 15 2012 1,307.86 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XSO44642115

S GROUP INC 150.000 000 101.46 152.194.50 150,780.00 1.414.50 2437 50 0.72% 1 5/896JUL 15 2011 920.70 DTD 01/21/2009 38146F-AF-8 AAA /AAA INTL BK RECON & DEVELOP - BRL 90,000.000 56.77 51.088.88 50,106.74 982.14 4,508.37 9.09% 8 3/4% JUN 15 2012 1272.18 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XSO446421157

Taxable GOLDMAN SACHS GROUP INC 150,000.000 101.30 151.948 50 150,780.00 1,168.50 2,437.50 0.73% 1 5/8% JUL 15 2011 108.30 DTD 01/21/2009 INTL BK RECON & DEVELOP - BRL 90000.000 53.26 47.931 23 50,106.74 (2,175.51) 4,208.07 8.87% 8 3/4% JUN 152012 1,902.24 DTD 08/20/2009 HELD EAR ISIN SEDOL FEDERAL HOM

GROUP INC 150,000.000 101.19 151,788.00 150,780.00 1,008 00 2.437.50 0.75% 1 5/8% JUL 15 2011 311.40 DTD 01/21/2009 38146F-AF-8 AAA /AAA INTL BK RECON & DEVELOP - BRL 90,000.000 55.29 49,761.69 50,106.74 (345.05) 4,353 23 8 70% 8 3/4% JUN 15 2012 2,301.84 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XSO44642115

04/23/2008 46625H-HA-1 BBB /BM Total US Fixed Income - Taxable $354,556.00 $354,083.67 $472.33 $14,512.50 3.94% $766.95 Non-US Fixed Income INTL BK RECON & DEVELOP - BRL 90,000.000 56.53 50,879.13 50,106.74 772.39 4.550.05 9.90% 8 3/4% JUN 152012 3,166.31 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS0446421157

LD BY EUROCLEAR ISIN:XS0459432679 SEDOL:928690/3 458183-9K-8 NA /AAA IDR 419.625.000 000 0.01 47,673.60 48,769.75 (1,096.15) 3,143.24 5.76% INTL BK RECON & DEVELOP - BRL 8 3/4% JUN 152012 DTD 08/202009 HELD BY EUROCLEAR ISIN:XS0446421157 SED0L:8435293 459058-9B-1 NA /AAA BRL 90800.000 5682 51,139.64 50,106.74

ELD BY EUROCLEAR ISIN:XS0459432679 SEDOL:85756J3 458183-9K-8 NA /AAA IDR 419.625.000 000 0.01 46,737.83 48,769.75 (2,031 92) 3 112 31 6 42% INTL BK RECON & DEVELOP - BRL 8 3/4% JUN 152012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS0446421157 SED0L:8435Z93 459058-9B-1 NA /AAA BRL 90,000.000 57.51 51,756.09 50,106

MERICAN DEVEL BANK - IDR 419.625.000 000 0.01 48.055.46 48769.75 (714.29) 3.148.86 4.95% 6.7% OCT 31 2011 DTD 10/30/2009 HELD BY EUROCLEAR INTL BK RECON & DEVELOP - BRL 90.000 000 59.41 53,470.90 50,106.74 3.364.16 4 648 21 8 28 % 8 3,4% JUN 15 2012 1 375 33 DTD DEF202009 HELD BY EUROCLEAR Page 11 of 34

98.11 98,113.00 100,000.00 (1,887.00) 1,250.00 1.67% MEDIUM TERM NOTE 319.40 1 1/4% SEP 29 2015 OTO 091202010 STEP CPN Non-US Fixed Income INTL BK RECON & DEVELOP - BRL 90.000 000 60.57 54,514.52 50,106.74 4,407.78 4,743.97 8.27% 8 3/4% JUN 15 2012 2.599.42 DTD 08/20/2009 HELD BY EUROCLEAR SEDOL INTER AM

INCOME Amount USD Amount USD Currency Gain/Loss USD Settle Date Selection Method Local Value Local Value Local Value 6/21 Foreign Interest INTL BK RECON & DEVELOP - BRL 8.75% JUN 15 2012 90.000.000 0.055 4,929.58 DTD 08/20/2009 HELD BY EUROCLEAR MIN 0.088 7,875.00 XS0448421157 SEDOL 8435293AS OF 08/15/11 (ID:

31/11 Pnce Quantity Value Adjusted Tax Cost Unreakzed Gain/Loss Est. Annual Income Yield Original Cost Acaued Interest Non-USD Short Term INTL BK RECON & DEVELOP - BRL 64 59 90.000 DO 58.130 07 50,106.74 8,023.33 5,063.49 8.15% 8.75% JUN 15 2012 650.21 DID 08/20/2009 HELD BY EUROCLEAR ISIN XS0446421157 S

1/11 Price Quantity Value Adjusted Tax Cost Unreakzed Gain/Loss Est. Annual Income Yield Original Cost Acaued Interest Non-USD Short Term INTL BK RECON & DEVELOP - BRL 63.99 90800.00 57587.08 58106.74 7,480.34 4,958.44 6.52% 8.75% JUN 15 2012 1,056.68 DID 08/20/2009 HELD BY EUROCLEAR ISIN X60446421157 SE

1,939.60) 3.198.50 40.63% 6.7% OCT 31 2011 2.935.57 DTD 10/30/2009 HELD BY EUROCLEAR ISIN X50459432679 SEDOL 85756J3 458183-9K-8 NA /AAA IDR INTL BK RECON & DEVELOP - BRL 54.28 90,000.00 4&850.91 50,106.74 (1,255.83) 4.242.42 7.52% 8.75% JUN 15 2012 1,251.83 DTD 08/20/2009 HELD BY EUROCLEAR ISIN X5044642115

/11 Price Quantity Value Adjusted Tax Cost Unrealized Gain/Loss Est. Annual Income Yield Original Cost Acaued Interest Non-USD Short Term INTL BK RECON & DEVELOP - BRL 59.08 90.000.00 53,169.02 50.106.74 3,08228 4,649.03 8.49% 8.75% JUN 15 2012 1,765.57 DTD 08/20/2009 HELD BY EUROCLEAR ISIN XS0446421157

I 1 Price Quantity Value Adjusted Tax Cost Unrealized Gain/Loss Est. Annual Income Yield Original Cost Acaued Interest Non-USD Short Term INTL BK RECON & DEVELOP - BRL 53.65 90,000.00 48289.02 50106.74 (1,817/2) 4221.95 8.37% 8.75% JUN 15 2012 2,307.06 DID 08/20/2009 HELD BY EUROCLEAR ISIN XS0446421157 S

03/06/2012 HELD BY LONDON TREASURY SERVICES Total Non-USD Cash 4907,283.08 $994,969.18 $12,423.90 $3,249.70 0.39% $46.97 Non-USD Short Term INTL BK RECON & DEVELOP - BRL 58.22 90,000.00 52,398.57 50,106.74 2,291.83 4,586.75 8.63% 8.75% JUN 15 2012 3.258 32 DTD 08/20/2009 HELD BY EUROCLEAR ISIN XS0448421157

289-92-4 GBP !SHARES BARCLAYS CAPITAL 21.18 5,790.00 122,604.92 118212.32 4,392.60 ISIN iE00B1FZSD53 SEDOL B1G52V0 2,285.52 46578W-92-2 GBP INTL BK RECON & DEVELOP - BRL 52.82 90,000.00 47,535.18 50.108.74 (2,571.56) 4,157.20 8.01% 83(4% JUN 15 2012 3,646.03 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS044642115

s USD Tax Cost USD Realized Quantity Local Value Local Value Local Value GaiNLoss USD Settled Sales/Maturities/Redemptions 6/18 Redemption INTL BK RECON & DEVELOP - BRL 8.75% JUN 15 2012 (90,000.000) 8/18 Pro Rata DTD 08/20/2009 HELD BY EUROCLEAR MIN X50448421157 SEDOL B435293 TO REDEMPTION AS OF 08/15/12 (ID:

INCOME Amount USD Amount USD Currency Gain, Loss USD Settle Date Selection Method Local Value Local Wks Local Value 6/18 Foreign Interest INTL BK RECON & DEVELOP - BRL 8.75% JUN 15 2012 90.000 000 0.043 3,851.99 DTD 08/20/2009 HELD BY EUROCLEAR ISIN 0.088 7,875.00 XS0446421157 SEDOL 8435293 AS OF 06/1912 (ID

st USD Currency Date Date Type Descnption Quantity Local Value Local Value Gain/Loss USD Settled Securities Purchased 918 9/11 Purchase INTL BK RECON & DEVELOP - BRL 8 3/4% JUN 15 2012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN:XS0446421157 SEDOL:B4357.93 90.000.000 55.631 (50,106.74) 101.527 (91,374.65) Page