George H. Clark Memorial Scholarship Fund Quarterly Investment Report

Transcription

1 Q1 FY2016 George H. Clark Memorial Scholarship Fund Quarterly Investment Report September 30, 2015 Office of the City Treasurer - City of Sacramento Russell Fehr, City Treasurer Q1 FY2016

2 INTRODUCTION In 1951 the George H. Clark Memorial Scholarship was established. In accordance with a will established in 1921, the trustees are to consist of the City Manager, City of Sacramento, and the Superintendent of Sacramento City Unified School District with the highest student populous. On February 2, 2001, the City Treasurer received a contribution of $627,618 in Memorial Cash Account portfolio. The City of Sacramento will help deserving senior high school students in their pursuit of a college education that will make them valuable members of the community. Four (4) scholarships per year ($5,000) each or $20,000 will be awarded to senior high school students to help provide for a college education. The committee selects the annual recipients from a group of eligible students submitted by SCUSD based on pre-determined achievement criteria. To honor Mr. Clark, the committee recommends that the awards be presented by the Mayor at a City Council meeting. STRATEGY Adhere to prudent investment practices to provide for the preservation and growth of principal. The City maintains two cash accounts. One cash account (Operating Cash Account) receives interest and dividend income to accrue for scholarship payments. Mutual fund and equity capital gains are placed in the second cash account (Memorial Investment Cash Account) to accumulate until scholarship funds are being paid from the Operating Cash Account. If a shortfall of cash exists in the Operating Cash Account, funds from the Memorial Investment Cash Account will be used to secure the payments. Excess cash in the Memorial Investment Cash Account will be re-allocated as per investment strategy. The City Treasurer will determine the asset allocation deemed prudent to achieve the funds objective. OBJECTIVES The objective of this fund is income. The committee directed the Treasurer's office to invest funds for moderate growth of principal and adequate cash flow to pay for scholarships. Goal is to earn a cash return per year of $20,000 thousand dollars to pay for four (4) scholarships per year. Page 2 of 7

3 September 30, 2015 Performance Quarter To Date Inception To Date Account DJ Select Dividend -2.26?* S&P * Index commencement date was 11/30/03 U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended September 30, 2015 Page 3 of 7

4 September 30, 2015 Activity From to Portfolio Value on ,160 Contributions 0 Withdrawals -6,385 Realized Gains 0 Unrealized Gains -78,897 Interest 52 Dividends 6,732 Portfolio Value on ,662 Actual Asset Allocation Cash and Equivalents 1.61% Operating Cash Account Activity From Inception to Inception FY16 QE Inception to FY to FY16 Beginning Balance 1 50,002 Initial Contribution Cash Transfers In * 362,530 6, ,914 Interest Income ** 9,060 9,060 Scholarship Payments -270,000-20, ,000 Investment Mgt Fees -51,671-51,671 Ending Balance 50,002 36,386 36,386 * Cash Transfers In = monies transferred from Memorial Investment Cash Account to Operating Cash Account to pay for scholarships and other expenses. Top 10 Holdings Equities 98.39% Securities Market Value Pct. Select Sector Spdr Tr Sbi Cons Discr 118, Ishares US Technology ETF 118, Philip Morris Intl Inc Com 51, Johnson & Johnson 46, Select Sector Spdr Tr Sbi Int-Finl 45, Monsanto C0 New Com 42, Ishares Tr Transp Ave Idx 41, Select Sector Spdr Tr Sbi Healthcare 39, Altria Group Inc 35, Apple Inc. 34, ** July to September 2015 Pool A earnings are yet to be apportioned. 1 Beginning balance was adjusted to include May-June 2015 Pool A interest earnings and cash transferred from Memorial Investment Cash Account to Operating Cash Account. Page 4 of 7

5 PORTFOLIO APPRAISAL September 30, 2015 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 2,696 2,696 2, PoolA Pool A Cash 11,496 11,496 11, intreceiv Pool A Interest Receivable ,226 14,226 14, COMMON STOCK MATERIALS 500 mon Monsanto C0 New Com , ,670 42, A INDUSTRIALS 400 cat Caterpillar Inc Del Com , ,144 26, A+ 400 de Deere & Co Com , ,600 29, A 300 iyt Ishares Tr Transp Ave Idx , ,973 41, ,634 97,717 97, TELECOMMUNICATION SERVICES 700 t At&t Inc , ,806 22, B+ 700 vz Verizon Communications Inc , ,457 30, B 54,508 53,263 53, CONSUMER DISCRETIONARY 1,600 xly Select Sector Spdr Tr Sbi Cons Discr , , , CONSUMER STAPLES 650 mo Altria Group Inc , ,360 35, A- 600 ko Coca Cola Co Com , ,072 24, A 650 pm Philip Morris Intl Inc Com , ,564 51, , , , ENERGY 250 cvx Chevron Corporation , ,720 19, A- 300 iye Ishares US Energy ETF , ,296 10, ,113 kmi Kinder Morgan Inc Del Com , ,808 30, B 88,218 60,824 60, FINANCIAL 2,200 nly Annaly Cap Mgmt Inc Com , ,714 21, B 2,000 xlf Select Sector Spdr Tr Sbi Int-Finl , ,320 45, kie Spdr S&p Insurance Etf , ,384 30, ,776 97,418 97, HEALTHCARE 500 jnj Johnson & Johnson , ,675 46, A+ Page 5 of 7

6 PORTFOLIO APPRAISAL September 30, 2015 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date 600 xlv Select Sector Spdr Tr Sbi Healthcare , ,738 39, ,016 86,413 86, INFORMATION TECHNOLOGY 315 aapl Apple Inc , ,744 34, B+ 1,200 iyw Ishares US Technology ETF , , , , , , UTILITIES 600 xlu Select Sector Spdr Tr Sbi Int-Utils , ,974 25, , , , AMERICAN DEPOSITORY RECEIPTS ENERGY 750 bp BP Plc Sponsored Adr , ,920 22, ,687 22,920 22, TOTAL PORTFOLIO 663, , , Page 6 of 7

7 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss No transactions within the specified date range were found! Page 7 of 7

8 Q2 FY2016 George H. Clark Memorial Scholarship Fund Quarterly Investment Report December 31, 2015 Office of the City Treasurer - City of Sacramento Russell Fehr, City Treasurer Q2 FY2016

9 INTRODUCTION In 1951 the George H. Clark Memorial Scholarship was established. In accordance with a will established in 1921, the trustees are to consist of the City Manager, City of Sacramento, and the Superintendent of Sacramento City Unified School District with the highest student populous. On February 2, 2001, the City Treasurer received a contribution of $627,618 in Memorial Cash Account portfolio. The City of Sacramento will help deserving senior high school students in their pursuit of a college education that will make them valuable members of the community. Four (4) scholarships per year ($5,000) each or $20,000 will be awarded to senior high school students to help provide for a college education. The committee selects the annual recipients from a group of eligible students submitted by SCUSD based on pre-determined achievement criteria. To honor Mr. Clark, the committee recommends that the awards be presented by the Mayor at a City Council meeting. STRATEGY Adhere to prudent investment practices to provide for the preservation and growth of principal. The City maintains two cash accounts. One cash account (Operating Cash Account) receives interest and dividend income to accrue for scholarship payments. Mutual fund and equity capital gains are placed in the second cash account (Memorial Investment Cash Account) to accumulate until scholarship funds are being paid from the Operating Cash Account. If a shortfall of cash exists in the Operating Cash Account, funds from the Memorial Investment Cash Account will be used to secure the payments. Excess cash in the Memorial Investment Cash Account will be re-allocated as per investment strategy. The City Treasurer will determine the asset allocation deemed prudent to achieve the funds objective. OBJECTIVES The objective of this fund is income. The committee directed the Treasurer's office to invest funds for moderate growth of principal and adequate cash flow to pay for scholarships. Goal is to earn a cash return per year of $20,000 thousand dollars to pay for four (4) scholarships per year. Page 2 of 7

10 December 31, 2015 Performance Quarter Inception Since To Date To Date Account DJ Select Dividend 4.36? * 2.01 S&P * Index commencement date was 11/30/03 U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended December 31, 2015 Page 3 of 7

11 December 31, 2015 Activity From to Portfolio Value on ,662 Contributions 0 Withdrawals -8,115 Realized Gains 0 Unrealized Gains 33,597 Interest 50 Dividends 7,332 Portfolio Value on ,525 Actual Asset Allocation Cash and Equivalents 1.47% Equities 98.53% Operating Cash Account Activity From Inception to Inception FY16 QE Inception to FY to FY16 Beginning Balance 50,002 36,387 Initial Contribution Cash Transfers In * 362,530 6,385 8, ,030 Interest Income ** 9,060 9,060 Scholarship Payments -270,000-20, ,000 Investment Mgt Fees -51,671-51,671 Ending Balance 50,002 36,387 44,502 44,502 * Cash Transfers In = monies transferred from Memorial Investment Cash Account to Operating Cash Account to pay for scholarships and other expenses. Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 128, Select Sector Spdr Tr Sbi Cons Discr 125, Philip Morris Intl Inc Com 57, Johnson & Johnson 51, Monsanto C0 New Com 49, Select Sector Spdr Tr Sbi Int-Finl 47, Select Sector Spdr Tr Sbi Healthcare 43, Ishares Tr Transp Ave Idx 40, Altria Group Inc 37, Apple Inc. 33, ** July to December 2015 Pool A earnings are yet to be apportioned. Page 4 of 7

12 PORTFOLIO APPRAISAL December 31, 2015 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 1,930 1,930 1, PoolA Pool A Cash 11,496 11,496 11, intreceiv Pool A Interest Receivable ,493 13,493 13, COMMON STOCK MATERIALS 500 mon Monsanto C0 New Com , ,260 49, A INDUSTRIALS 400 cat Caterpillar Inc Del Com , ,184 27, A 400 de Deere & Co Com , ,508 30, A- 300 iyt Ishares Tr Transp Ave Idx , ,419 40, ,634 98,111 98, TELECOMMUNICATION SERVICES 700 t At&t Inc , ,087 24, B+ 700 vz Verizon Communications Inc , ,354 32, B 54,508 56,441 56, CONSUMER DISCRETIONARY 1,600 xly Select Sector Spdr Tr Sbi Cons Discr , , , CONSUMER STAPLES 650 mo Altria Group Inc , ,836 37, A- 600 ko Coca Cola Co Com , ,776 25, A 650 pm Philip Morris Intl Inc Com , ,141 57, , , , ENERGY 250 cvx Chevron Corporation , ,490 22, A- 300 iye Ishares US Energy ETF , ,158 10, ,113 kmi Kinder Morgan Inc Del Com , ,606 16, B 88,218 49,254 49, FINANCIAL 2,200 nly Annaly Cap Mgmt Inc Com , ,636 20, B 2,000 xlf Select Sector Spdr Tr Sbi Int-Finl , ,660 47, kie Spdr S&p Insurance Etf , ,275 31, ,776 99,571 99, HEALTHCARE 500 jnj Johnson & Johnson , ,360 51, A+ Page 5 of 7

13 PORTFOLIO APPRAISAL December 31, 2015 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date 600 xlv Select Sector Spdr Tr Sbi Healthcare , ,218 43, ,016 94,578 94, INFORMATION TECHNOLOGY 315 aapl Apple Inc , ,157 33, B+ 1,200 iyw Ishares US Technology ETF , , , , , , UTILITIES 600 xlu Select Sector Spdr Tr Sbi Int-Utils , ,968 25, , , , AMERICAN DEPOSITORY RECEIPTS ENERGY 750 bp BP Plc Sponsored Adr , ,445 23, ,687 23,445 23, TOTAL PORTFOLIO 662, , , Page 6 of 7

14 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss No transactions within the specified date range were found! Page 7 of 7

15 Q3 FY2016 George H. Clark Memorial Scholarship Fund Quarterly Investment Report March 31, 2016 Office of the City Treasurer - City of Sacramento John Colville, Interim City Treasurer Q3 FY2016

16 INTRODUCTION In 1951 the George H. Clark Memorial Scholarship was established. In accordance with a will established in 1921, the trustees are to consist of the City Manager, City of Sacramento, and the Superintendent of Sacramento City Unified School District with the highest student populous. On February 2, 2001, the City Treasurer received a contribution of $627,618 in Memorial Cash Account portfolio. The City of Sacramento will help deserving senior high school students in their pursuit of a college education that will make them valuable members of the community. Four (4) scholarships per year ($5,000) each or $20,000 will be awarded to senior high school students to help provide for a college education. The committee selects the annual recipients from a group of eligible students submitted by SCUSD based on pre-determined achievement criteria. To honor Mr. Clark, the committee recommends that the awards be presented by the Mayor at a City Council meeting. STRATEGY Adhere to prudent investment practices to provide for the preservation and growth of principal. The City maintains two cash accounts. One cash account (Operating Cash Account) receives interest and dividend income to accrue for scholarship payments. Mutual fund and equity capital gains are placed in the second cash account (Memorial Investment Cash Account) to accumulate until scholarship funds are being paid from the Operating Cash Account. If a shortfall of cash exists in the Operating Cash Account, funds from the Memorial Investment Cash Account will be used to secure the payments. Excess cash in the Memorial Investment Cash Account will be re-allocated as per investment strategy. The City Treasurer will determine the asset allocation deemed prudent to achieve the funds objective. OBJECTIVES The objective of this fund is income. The committee directed the Treasurer's office to invest funds for moderate growth of principal and adequate cash flow to pay for scholarships. Goal is to earn a cash return per year of $20,000 thousand dollars to pay for four (4) scholarships per year. Page 2 of 7

17 March 31, 2016 Performance Quarter Inception Since To Date To Date Account DJ Select Dividend 9.63?* S&P * Index commencement date was 11/30/03 U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended March 31, 2016 Page 3 of 7

18 March 31, 2016 Activity From to Portfolio Value on ,525 Contributions 0 Withdrawals -6,526 Realized Gains 0 Unrealized Gains 32,741 Interest 36 Dividends 6,736 Portfolio Value on ,513 Actual Asset Allocation Cash and Equivalents 1.45% Equities 98.55% Operating Cash Account Activity From Inception to Inception FY16 QE Inception to FY to FY16 Beginning Balance 50,002 36,387 44,502 Initial Contribution Cash Transfers In * 362,530 6,385 8,115 6, ,556 Interest Income ** 9,060 9,060 Scholarship Payments -270,000-20, ,000 Investment Mgt Fees -51,671-51,671 Ending Balance 50,002 36,387 44,502 51,028 51,028 * Cash Transfers In = monies transferred from Memorial Investment Cash Account to Operating Cash Account to pay for scholarships and other expenses. Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 130, Select Sector Spdr Tr Sbi Cons Discr 126, Philip Morris Intl Inc Com 63, Johnson & Johnson 54, Select Sector Spdr Tr Sbi Int-Finl 45, Monsanto C0 New Com 43, Ishares Tr Transp Ave Idx 42, Altria Group Inc 40, Select Sector Spdr Tr Sbi Healthcare 40, Verizon Communications Inc 37, ** July 2015 to March 2016 Pool A earnings are yet to be apportioned. Page 4 of 7

19 PORTFOLIO APPRAISAL March 31, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 2,140 2,140 2, PoolA Pool A Cash 11,496 11,496 11, intreceiv Pool A Interest Receivable ,739 13,739 13, COMMON STOCK MATERIALS 500 mon Monsanto C0 New Com , ,870 43, A INDUSTRIALS 400 cat Caterpillar Inc Del Com , ,616 30, A- 400 de Deere & Co Com , ,796 30, A- 300 iyt Ishares Tr Transp Ave Idx , ,723 42, , , , TELECOMMUNICATION SERVICES 700 t At&t Inc , ,419 27, B+ 700 vz Verizon Communications Inc , ,856 37, B 54,508 65,275 65, CONSUMER DISCRETIONARY 1,600 xly Select Sector Spdr Tr Sbi Cons Discr , , , CONSUMER STAPLES 650 mo Altria Group Inc , ,729 40, A- 600 ko Coca Cola Co Com , ,834 27, A 650 pm Philip Morris Intl Inc Com , ,771 63, , , , ENERGY 250 cvx Chevron Corporation , ,850 23, B+ 300 iye Ishares US Energy ETF , ,434 10, ,113 kmi Kinder Morgan Inc Del Com , ,878 19, B 88,218 54,162 54, FINANCIAL 2,200 nly Annaly Cap Mgmt Inc Com , ,572 22, B 2,000 xlf Select Sector Spdr Tr Sbi Int-Finl , ,000 45, kie Spdr S&p Insurance Etf , ,158 31, ,776 98,730 98, HEALTHCARE 500 jnj Johnson & Johnson , ,100 54, A Page 5 of 7

20 PORTFOLIO APPRAISAL March 31, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date 600 xlv Select Sector Spdr Tr Sbi Healthcare , ,668 40, ,016 94,768 94, INFORMATION TECHNOLOGY 315 aapl Apple Inc , ,332 34, B+ 1,200 iyw Ishares US Technology ETF , , , , , , UTILITIES 600 xlu Select Sector Spdr Tr Sbi Int-Utils , ,772 29, , , , AMERICAN DEPOSITORY RECEIPTS ENERGY 750 bp BP Plc Sponsored Adr , ,635 22, ,687 22,635 22, TOTAL PORTFOLIO 663, , , Page 6 of 7

21 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss No transactions within the specified date range were found! Page 7 of 7

22 Q4 FY2016 George H. Clark Memorial Scholarship Fund Quarterly Investment Report June 30, 2016 Office of the City Treasurer - City of Sacramento John Colville, Interim City Treasurer Q4 FY2016

23 INTRODUCTION In 1951 the George H. Clark Memorial Scholarship was established. In accordance with a will established in 1921, the trustees are to consist of the City Manager, City of Sacramento, and the Superintendent of Sacramento City Unified School District with the highest student populous. On February 2, 2001, the City Treasurer received a contribution of $627,618 in Memorial Cash Account portfolio. The City of Sacramento will help deserving senior high school students in their pursuit of a college education that will make them valuable members of the community. Four (4) scholarships per year ($5,000) each or $20,000 will be awarded to senior high school students to help provide for a college education. The committee selects the annual recipients from a group of eligible students submitted by SCUSD based on pre-determined achievement criteria. To honor Mr. Clark, the committee recommends that the awards be presented by the Mayor at a City Council meeting. STRATEGY Adhere to prudent investment practices to provide for the preservation and growth of principal. The City maintains two cash accounts. One cash account (Operating Cash Account) receives interest and dividend income to accrue for scholarship payments. Mutual fund and equity capital gains are placed in the second cash account (Memorial Investment Cash Account) to accumulate until scholarship funds are being paid from the Operating Cash Account. If a shortfall of cash exists in the Operating Cash Account, funds from the Memorial Investment Cash Account will be used to secure the payments. Excess cash in the Memorial Investment Cash Account will be re-allocated as per investment strategy. The City Treasurer will determine the asset allocation deemed prudent to achieve the funds objective. OBJECTIVES The objective of this fund is income. The committee directed the Treasurer's office to invest funds for moderate growth of principal and adequate cash flow to pay for scholarships. Goal is to earn a cash return per year of $20,000 thousand dollars to pay for four (4) scholarships per year. Page 2 of 7

24 June 30, 2016 Performance Quarter Inception Since To Date To Date Account Russell 1000 Value (Price Only) S&P U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended June 30, 2016 Page 3 of 7

25 June 30, 2016 Activity From to Portfolio Value on ,513 Contributions 0 Withdrawals -6,764 Realized Gains 0 Unrealized Gains 29,136 Interest 38 Dividends 6,697 Portfolio Value on ,620 Actual Asset Allocation Cash and Equivalents 1.40% Equities 98.60% Operating Cash Account Activity From Inception to Inception FY16 QE Inception to FY to FY16 Beginning Balance 50,002 36,472 44,665 51,191 Initial Contribution Cash Transfers In * 362,530 6,385 8,115 6,526 6, ,320 Interest Income ** 9, ,223 Scholarship Payments -270,000-20, ,000 Investment Mgt Fees -51,671-3,000-54,671 Ending Balance 50,002 36,472 44,665 51,191 54,955 54,955 * Cash Transfers In = monies transferred from Memorial Investment Cash Account to Operating Cash Account to pay for scholarships and other expenses. Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 126, Select Sector Spdr Tr Sbi Cons Discr 124, Philip Morris Intl Inc Com 66, Johnson & Johnson 60, Monsanto C0 New Com 51, Select Sector Spdr Tr Sbi Int-Finl 45, Altria Group Inc 44, Select Sector Spdr Tr Sbi Healthcare 43, Ishares Tr Transp Ave Idx 40, Verizon Communications Inc 39, ** Januaty 2016 to June 2016 Pool A earnings are yet to be apportioned. Page 4 of 7

26 PORTFOLIO APPRAISAL June 30, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 2,140 2,140 2, PoolA Pool A Cash 11,496 11,496 11, intreceiv Pool A Interest Receivable ,710 13,710 13, COMMON STOCK MATERIALS 500 mon Monsanto C0 New Com , ,705 51, A INDUSTRIALS 400 cat Caterpillar Inc Del Com , ,324 30, A- 400 de Deere & Co Com , ,416 32, A- 300 iyt Ishares Tr Transp Ave Idx , ,242 40, , , , TELECOMMUNICATION SERVICES 700 t At&t Inc , ,247 30, B+ 700 vz Verizon Communications Inc , ,088 39, B 54,508 69,335 69, CONSUMER DISCRETIONARY 1,600 xly Select Sector Spdr Tr Sbi Cons Discr , , , CONSUMER STAPLES 650 mo Altria Group Inc , ,824 44, A- 600 ko Coca Cola Co Com , ,198 27, A 650 pm Philip Morris Intl Inc Com , ,118 66, , , , ENERGY 250 cvx Chevron Corporation , ,207 26, B+ 300 iye Ishares US Energy ETF , ,508 11, ,113 kmi Kinder Morgan Inc Del Com , ,835 20, B 88,218 58,551 58, FINANCIAL 2,200 nly Annaly Cap Mgmt Inc Com , ,354 24, B 2,000 xlf Select Sector Spdr Tr Sbi Int-Finl , ,710 45, kie Spdr S&p Insurance Etf , ,999 31, , , , HEALTHCARE 500 jnj Johnson & Johnson , ,650 60, A Page 5 of 7

27 PORTFOLIO APPRAISAL June 30, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date 600 xlv Select Sector Spdr Tr Sbi Healthcare , ,023 43, , , , INFORMATION TECHNOLOGY 315 aapl Apple Inc , ,114 30, B+ 1,200 iyw Ishares US Technology ETF , , , , , , UTILITIES 600 xlu Select Sector Spdr Tr Sbi Int-Utils , ,482 31, , , , AMERICAN DEPOSITORY RECEIPTS ENERGY 750 bp BP Plc Sponsored Adr , ,632 26, ,687 26,632 26, TOTAL PORTFOLIO 663, , , Page 6 of 7

28 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss No transactions within the specified date range were found! Page 7 of 7