0.0% 0.1% Municipal Securities Morgan Stanley - Intermediate Term Muni Bonds 6/19/2012 753,323 797,680 -6,833 -14,773 776,074 -1.9% 4.2% Morgan Stanley - Long Tenn Muni Bonds 6/9/2011 250,000 259,398 -2,590 256,808 -1.0% 12% 3.3% Total Municipal Securities 6/9/2011 $1,003,323 $1,057,077 ($6,833) ($17,363) $1,