August 02, 2012 Portfolio Report Prepared for: Prepared by: LORI READY Wells Fargo Advisors, LLC This report is not complete unless all pages, as noted, are included. Please read the information in 'Disclosures' found within this report for an explanation of the terms and concepts presented in this report. Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value This Report is prepared by your Financial Advisor using software provided by Wells Fargo Advisors. 2012 Wells Fargo Advisors. All Rights Reserved. Page 1 of 7
Accounts Included in the Report Account Number Account Name Account Nickname Tax Status Int/Ext 65320054 GUNNISON VALLEY Taxable Internal 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 2 of 7
Portfolio Diversification - Security Detail By: Asset Class, Security Sub Type Quantity Description Date Cost($) Market Market Unrealized Income Value($) G/L($) Annualzd($) Yield Annualzd(%) % of Account GUNNISON VALLEY (65320054) 4,478,169 105,313 2.35% 100.0% Equity 2,530,930 56,098 2.22% 56.5% Common Stock 4,908 4,520-387 31 0.68% 0.1% 45 EOG RESOURCES INC 05/02/12 109.06 4,908 100.45 4,520-387 31 0.68% 0.1% REIT 83,196 88,438 5,242 1,910 2.16% 2.0% 1,415 EQUITY RESIDENTIAL - - 83,196 62.50 88,438 5,242 1,910 2.16% 2.0% Equity Fund 2,157,879 2,437,829 279,950 54,157 2.22% 54.4% 3,913 DODGE & COX INTL STCK FD - - 144,124 30.42 119,028-25,096 2,970 2.50% 2.7% 6,453 EUROPACIFIC GROWTH FD F1 - - 258,261 37.34 240,962-17,299 3,762 1.56% 5.4% 1,333 ISHARES DOW JNS US UTIL - - 103,011 91.88 122,476 19,465 3,959 3.23% 2.7% 2,390 ISHARES FTSE EPRE NA ETF - - 74,314 29.86 71,365-2,949 2,003 2.81% 1.6% 2,975 ISHARES FTSE NAREIT INDU - - 73,923 28.38 84,440 10,517 2,556 3.03% 1.9% 6,274 ISHARES S&P 500 GRW FD - - 347,043 74.65 468,353 121,310 7,297 1.56% 10.5% 1,876 ISHARES S&P GLOBAL ENRGY - - 62,434 37.37 70,106 7,672 1,767 2.52% 1.6% 990 ISHARES S&P LATIN AMER40 - - 36,819 41.90 41,481 4,662 1,288 3.11% 0.9% 2,530 ISHARES S&P M/C 400 GRW - - 191,067 104.97 265,574 74,507 1,958 0.74% 5.9% 906 ISHARES S&P S/C 600 GRW - - 45,087 78.31 70,949 25,862 660 0.93% 1.6% 941 ISHARES S&P S/C 600 VLU - - 50,278 72.59 68,307 18,029 1,152 1.69% 1.5% 2,560 ISHARES TR MSCI EMG ETF - - 98,044 39.19 100,326 2,283 2,086 2.08% 2.2% 1,020 POWERSHARES QQQ SER1 ETF - - 39,486 64.61 65,902 26,416 531 0.81% 1.5% 8,344 SPDR S&P DIVIDEND ETF - - 453,383 56.20 468,933 15,550 14,952 3.19% 10.5% 3,467 WTREE EMG MKTS EQUT ETF - - 180,604 51.81 179,625-978 7,215 4.02% 4.0% Master Ltd Partnership 143 0.0% 10 MOTORS LIQUIDATION CO 06/12/12-13.90 143 0.0% Fixed Income 1,327,812 48,740 3.67% 29.7% Corporate Bond 71,815 3,224 4.49% 1.6% 10,000 8GEN MTRS 7.2% 1/15/11 04/21/11-0.00 0 10,000 BOEING 4.85% 5/15/13 01/20/04 99.35 9,935 103.54 10,354 418 364 3.51% 0.2% 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 3 of 7
Quantity Description Date Cost($) Market Market Unrealized Income Value($) G/L($) Annualzd($) Yield Annualzd(%) % of Account 10,000 GOLDMAN 5.15% 1/15/14 10/01/09 105.10 10,510 104.30 10,430-81 515 4.94% 0.2% 10,000 BELLSOUTH C 5.2% 9/15/14 10/01/09 107.86 10,786 109.04 10,904 118 520 4.77% 0.2% 10,000 JP MORGAN 5.25% 5/1/15 10/01/09 106.03 10,603 105.73 10,573-30 525 4.97% 0.2% 15,000 ELI LILLY 5.2% 03/15/17 10/01/09 108.19 16,229 118.08 17,712 1,483 780 4.40% 0.4% 10,000 CONOCOPHIL 5.2% 05/15/18 10/01/09 105.05 10,505 118.43 11,843 1,338 520 4.39% 0.3% Municipal Bond 85,482 91,342 5,861 3,525 3.86% 2.0% 15,000 GARFLD CNTY CO 5%12/1/25 12/22/08 93.53 14,029 101.61 15,241 1,212 375 2.46% 0.3% 20,000 WESTMINSTER 4% 12/1/2012 12/22/08 100.33 20,066 101.19 20,238 172 400 1.98% 0.5% 15,000 UNIVERSITY 5%24 12/22/08 102.15 15,323 103.87 15,581 258 750 4.81% 0.3% 15,000 BROOMFIELD 5% 12/1/2019 12/22/08 98.06 14,709 101.36 15,204 495 750 4.93% 0.3% 25,000 DENVER CO 5.0%11/15/2025 12/22/08 85.42 21,354 100.32 25,079 3,725 1,250 4.98% 0.6% Bond Fund 1,102,841 1,164,655 61,813 41,991 3.61% 26.0% 6,220 AIM TAX-EXEMPT FDS CL Y 12/24/08 11.37 70,707 13.92 86,586 15,878 3,925 4.53% 1.9% 5,590 DREYFUS PREM EMERGING I 03/14/12 14.31 80,000 14.44 80,727 727 2,354 2.92% 1.8% 2,103 FRANKLIN T/F CO INCM ADV - - 21,896 12.47 26,221 4,325 1,089 4.15% 0.6% 1,795 ISHARES S&P PRD STOCK - - 63,733 39.11 70,202 6,469 4,096 5.83% 1.6% 1,197 ISHRES BARCLY TIPS BD FD - - 122,661 121.49 145,424 22,763 3,221 2.22% 3.2% 2,538 ISHRS BRCLYS 1-3YR ETF - - 265,398 105.13 266,820 1,422 4,426 1.66% 6.0% 17,061 OPPENHEIMER INTL BD FD Y - - 111,127 6.44 109,873-1,254 6,023 5.48% 2.5% 7,179 PIMCO FORGN BD UNHEDG-A - - 74,833 11.05 79,333 4,500 1,781 2.24% 1.8% 4,237 PIMCO MGMT SER T/R FD-A - - 49,194 11.46 48,555-639 1,377 2.84% 1.1% 1,912 PWRSHS EM MAR SOV DE ETF - - 53,072 30.00 57,360 4,288 2,792 4.87% 1.3% 14,158 RDGWRTH SEIX HIGH YLD I - - 135,765 9.81 138,894 3,128 9,472 6.82% 3.1% 913 SPDR DB INTL GOVT ETF 03/16/11 59.64 54,454 59.87 54,661 207 1,436 2.63% 1.2% Multi Class 50,000 48,705-1,295 1.1% Market Linked 50,000 48,705-1,295 1.1% 50,000 HSBC BANK USA 0%05/03/17 04/27/11 100.00 50,000 97.41 48,705-1,295 1.1% Alternative Investment 248,606 246,912-1,694 476 0.19% 5.5% Equity Fund 248,606 246,912-1,694 476 0.19% 5.5% 7,671 HUSSMAN STRAT GRWTH FD - - 100,683 11.34 86,993-13,691 476 0.55% 1.9% 5,860 POWERSHARES DB COMMD ETF - - 147,923 27.29 159,919 11,997 3.6% Cash Alternative 323,195 323,195 0 7.2% Cash Alternative 323,195 323,195 0 7.2% 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 4 of 7
Quantity Description Date Cost($) Market Market Unrealized Income Value($) G/L($) Annualzd($) Yield Annualzd(%) % of Account 323,195 Cash Alternative 1.00 323,195 1.00 323,195 0 7.2% Other 615 0.0% NotAvailable 615 0.0% 35 GENERAL MOTORS CO WTS 04/21/11-10.92 382 0.0% 35 GENERAL MOTORS CO WTS 04/21/11-6.65 233 0.0% Cost information for some tax lots will not be reported to the IRS. This report is not a substitute for your own records and the year-end 1099 form. Cost data and acquisition dates provided by you are not verified by our firm. Our firm does not render legal, accounting or tax advice. Transactions requiring tax considerations should be reviewed carefully with your accountant or tax advisor. Unless indicated otherwise, the Price and Cost are adjusted on certain fixed income securities for amortization (if purchased at a premium), accretion (if purchased at a discount) and/or commission and fees. This report is not complete without the Understanding Your Portfolio report which contains important terms and definitions. Income Annualized (EIA) takes your current income, based on the current dividends or interest paid by your securities and multiplies it to create an annualized hypothetical figure. It does not reflect actual or future performance and should not be relied upon when making financial decisions. Yield Annualized (EYA) is the EIA divided by the current market value. It does not reflect changes in price, which may fluctuate. All annualizations are based upon current positions using a simple mathematical calculation and assumes all figures remain constant for a year; any subsequent position changes will affect these calculations. Calculations for certain types of securities could include a return of principal or capital gain, in which case the figures would be overstated. Past performance is not a guarantee of future results. As these hypothetical calculations are solely based on mathematical principles, no consideration is given for premium or discount at purchase for bonds, which will affect the yield the investor will realize on the bond if held to redemption date, called or sold prior to maturity. Dividend payments are made solely at the discretion of the issuer and are subject to be changed or eliminated at any time. Income and Yield are estimates and the actual income and yield might be lower or higher than the estimated amounts. Yield reflects only the income generated by an investment. It does not reflect changes in price, which may fluctuate. Please note, EIA and EYA are only available on client reports. 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 5 of 7
Understanding Your Portfolio General Information Investing involves risk, including the possible loss of principal. This report is intended to provide you with a descriptive overview of your current portfolio. The report may encompass one account or multiple accounts as specified in the report. The material has been prepared or is distributed solely for information purposes and does not supersede the proper use of your Wells Fargo Advisors client statements and/or trade confirmations, which are considered to be the official and accurate records of your account activity. Any market prices are only indications of market values, are subject to change, and may not reflect the value at which the securities could be sold. Reported prices should not be considered actual bids. For these reports, in certain groupings, Corporate Bonds includes Certificates of Deposit. Additionally, the report is prepared as of trade date, rather than settlement date, and may be prepared on a different date than your statement. The information contained in this report may not reflect all holdings or transactions, their costs, or proceeds in your account. The report may also include information you provided about assets held at other firms. Information on assets held away from Wells Fargo Advisors was provided by you and may not be covered by SIPC. We have relied solely on information from you regarding those assets. We do not verify or confirm those assets held with other firms or affiliates and you are responsible for notifying your Financial Advisor of any changes in your externally held investments including cost basis. Incomplete or inaccurate cost basis will affect your plan results because the tax assumptions are incorrect. Due to timing issues, if this report includes assets held at Wells Fargo Trust Company, positions and market data should be verified. Before making any decisions please validate your account information with your Financial Advisor. The financial data used to generate this report is provided to Wells Fargo Advisors by third party vendors. While this information is believed to be reliable, it has not been verified. Security ID will be ticker symbol, CUSIP number, Security Number or, if you have provided us with a market value of a generic asset classification type, we will assign a dash. This report is not complete unless all pages noted are included. For more detailed information, including current pricing, call your Financial Advisor. If we have included or if you have provided us with information on accounts managed by an affiliate of Wells Fargo Advisors, including fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority to manage or influence the management of such accounts. The views, opinions, asset allocation models and forecasts may differ from our affiliates. To the extent that this report includes fixed income securities, you should be aware that the descriptions of fixed income securities are general in nature and do not reflect important information that you should consider, such as but not limited to, yield, call features, credit quality, and various tax implications. Before making any decisions regarding fixed income investments, contact your advisor to obtain more detailed information regarding specific fixed income securities. Asset Classes for mutual funds, variable annuities and exchange-traded funds are derived from Morningstar Categories. Underlying holdings classification provided by Morningstar. 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fixed Income Analysis Municipal bonds. Under present federal income tax law, the interest income received from investing in tax-exempt municipal bonds is generally free from federal income taxes. While the interest income may be tax-free, capital gains, if any, will be subject to taxes. Income for some investors may be subject to the federal Alternative Minimum Tax (AMT). Redemption date indicated is either maturity date (M), pre-refunded date (R), mandatory put or tender date (T), Dutch auction date or optional tender date (D), display date on perpetual securities (sixty years from report date) (P) or the date which would represent the average life of the maturity when measured from the date of this report (A). Because perpetual securities do not have a stated maturity date, we assign a date of sixty years from the date of the report to enable us to provide approximate yields and durations. Asset Class Descriptions The asset class descriptions below are included solely to provide insight into how individual securities are tied to specific asset classes. We use our best efforts to correctly classify investments. However, no warranty of accuracy is made. Equity Investments: Equity investments refer to buying stocks of United States companies. The investment return to the owner of stock (shareholder) is in the form of dividends and/or capital appreciation. The market capitalization of companies is used to group large, medium (Mid), and small companies. Shareholders share in both the upside potential and the downside risk. Capitalization: Market capitalization definitions differ but one example of capitalization methodology is that of Morningstar, which defines "large-capitalization" stocks as those stocks that form the top 70% of the market capitalization of the stocks eligible to be included in the Morningstar US Market Index (a diversified broad market index that represents approximately 97% of the market capitalization of publicly traded U.S. Stocks). The Morningstar index methodology defines "mid-capitalization" stocks as those stocks that form the 20% of market capitalization between the 70th and 90th percentile of the market capitalization and "small-capitalization" stocks as those stocks that form the 7% of market capitalization between the 90th and 97th percentile of the market capitalization of the stocks eligible to be included in the Morningstar US Market Index. Style: Blend (sometimes referred to as Core) investing is generally characterized as a strategy that seeks to balance the portfolio of stocks between the Growth and Value styles as market conditions fluctuate. Stocks in the underlying index are designated as "growth" as they are issued by companies that typically have higher than average historical and forecasted earnings, sales, equity and cash flow growth. Stocks in the underlying i ndex are weighted according to the total number of shares that are publicly owned and available for trading. Stocks in the underlying index are designated as "value" as they are issued by companies that typically have relatively low valuations based on price-to-earnings, price-to book value, price-to-sales, price-to-cash flow and dividend yields. The stocks in the underlying index are weighted according to the total number of shares that are publicly owned and available for trading. Fixed Income Securities (Bonds): Bonds are promissory notes of a United States corporation or federal government entity (taxable bonds) or a state or local government entity (taxexempt or municipal bonds). Bonds usually make a series of interest payments followed by a return of principal at maturity. If sold prior to maturity, the price that can be obtained for a bond may be more or less than face value, depending on interest rates at the time the bond is sold and the remaining term of the bond. 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 6 of 7
Fixed income securities include Treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year), Government-Related issues (i.e., agency, sovereign, supranational, and local authority debt), and Corporate Bonds. Investing in fixed income securities involves certain risks such as market risk if sold prior to maturity and credit risk especially if investing in high yield bonds, which have lower ratings and are subject to greater volatility. All fixed income investments may be worth less than original cost upon redemption or maturity. Term: Short-term Bonds have effective maturities of six years or less, intermediate bonds have effective maturities between six and twelve years; and long-term bonds have maturities of twelve years or longer. Income from tax exempt bonds is generally free from federal and state taxes for residents of the issuing state. While the interest income is tax-free, capital gains if any are subject to taxes. Income of certain tax-exempt bonds may be subject to the Federal Alternative Minimum Tax (AMT). Multi-Class: This category is primarily used to classify investments that include a substantial amount of both equity and fixed income investments, or some other combination of classes. Alternative Investments: Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicles which generally have high costs and substantial risks. The high expenses often associated with these investments must be offset by trading profits and other income. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparency as to the underlying assets. Alternative investments are subject to fewer regulatory requirements than mutual funds and other registered investment company products and thus may offer investors fewer legal protections than they would have with more traditional investments. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited. Other risks may apply as well, depending on the specific investment product. Please carefully review the prospectus, private placement memorandum or other offering documents for complete information regarding terms, including all applicable fees, as well as risks and other factors you should consider before investing. Other: This classification represents securities which could not be definitively classified because there is insufficient similarity between the security and the defined asset classes. There may be inconsistencies in one or more of the following factors: historical performance, investment objective or asset composition. This analysis assigns relatively high downside risk and relatively low returns to assets classified as 'Other' in order to conservatively assess their impact on the portfolio. Cash Alternatives: Cash Alternatives include liquid, short term and interest bearing investments. Examples are money market funds, Treasury bills and commercial paper. It is possible to lose money by investing in cash alternatives. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, nonbank affiliates of Wells Fargo and Company. 08/02/2012 2012 Wells Fargo Advisors. All Rights Reserved. Page 7 of 7