5% Ser T 10/24/12 951 600 1.006,800 1,027.200 75600 IV:lira& Scotland Group PLC 75% Ser T 1/7/13 I II 995.200 1,006 900 1,027,200 32 000 Royal Bank Scotland Group PLC 7.21%—Ser T 1/14/13 O • 77.692„1,006 ...1s1 O2L20b WM 39 239 91 Total Southern Financial LLC - Fixed Income 35 897,892 34,921,045 3 023 153

9.875% 12/16/2021 5/10/12 1,500,000 Southern Cal Edison 6.25% Dec 31 =049 1/30/12 3,000,000 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80,000 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40,000 Royal Bank Scotland Group PLC 7.25% Ser T 1/7/13 40,000 Royal Bank Scotland Group PLC 7.25% Ser T 1/14/13 40,000

9.875% 12/16/2021 5/10/12 1,500,000 Southern Cal Edison 6.25% Dec 31 =049 1/30/12 3,000,000 GMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80,000 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40,000 7 EFTA_R1_01321855 EFTA02348115 Royal Bank Scotland Group PLC 7.25% Ser T 1/7/13 40,000 Royal Bank Scotland Gro