EFTA00614817.pdf

Atorus, LLC 5/19/2014 Current Date: Total Return since 1/1/12: 712M Return: T9O Day Return: T3O Day Return: Current Long Exposure @ Cost: Current Short Exposure @ Cost: Net Exposure: Starting Capital: Current NAV: 5/19/2014 83.42% 22.58% 1.07% 1.98% 5,466,708 (391,434) 5,075,275 1,000,000 1,834,215 Change on Day: MSCI World Change on Day No of Positions (+MTM) on Day No of Positions (-MTM) on Day Current No. of Positions: Current Leverage (Gross Exposures): -0.06% 0.13% 248 171 442 3.19 Profit Factor: Win Ratio: T24M (+) NAV Days T24M Avg. Daily NAV (+) Change T24M Avg. Daily NAV (.) Change Target Vol-Adj. Risk Listed Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% historically -0.91% 50.00% 50.00% 10.00% 2X We implement leverage of 2X, in other words at inception we upsize our positions by a factor two times greater than our volatility adjusted position sizing. Leverage levels can be customized to eac h investor. Historical sharpe ratio is in excess of 2.0X (backtest from 1995, see Investor Presentation). Our sharpe ratio increases materially during market downturns in excess of 20 days of realized volatility. Since we generate positive returns in these environments, the variance in our downside volatility is materially less than broader markets. Recessions, which generally result in market directionality in excess of 20 days of volatility are significant alpha capture opportunities for us. Additionally, by never dollar cost averaging and concurrently adding to our winners we have an inherent assymetry in our volatility profile. NAV x,000,000.00 1,800,000.00 1600,000.00 1,400,000.00 1,200,000.00 1,000,000.00 800000.00 COO 000 00 oti'V 07ti 11, Otiti 11, eb o, I), '4 O,tib t• Oti °P. cr 1N 'IN" 4' 4' 0, 4' —Series! EFTA00614817 Atorus, LLC 5/19/2014 Largest Exposures Current Positions 97.5th Percentile 2.5th Percentile (@ cost ex- MTM) Largest MTM Gains Current Posi ions (90th Percentile MTM Gains % NAV) Security Notional % of Total Notional 24 Positions • 20.06%I TSCO LN Equity (6,286) 0.11% KMI US Equity (6,775) 0.12% DISCA US Equity (6,841) 0.12% TGT US Equity (8,574) 0.15% 941 HK Equity (9,455) 0.16% CO1 Comdty (11,819) 0.20% SPGSCITR Index (15,386) 0.26% XAG Curncy (15,640) 0.27% INDEXCF Index (21,271) 0.36% XAU Comdty (23,727) 0.41% SHCOMP Index (33,248) 0.57% SE_TSY CREDIT (44,333) 0.76% STBCNZL Index 73,207 1.25% US_TSY CREDIT 74,615 1.27% AU TSY CREDIT 76,397 1.30% IE_TSY CREDIT 78,270 1.34% BE_TSY CREDIT 79,771 1.36% AT_TSY CREDIT 81,569 1.39% FR_TSY CREDIT 82,246 1.40% NL_TSY CREDIT 82,865 1.41% CA_TSY CREDIT 83,015 1.42% DE_TSY CREDIT 84,524 1.44% FR_TSY CREDIT 85,645 1.46% GB_TSY CREDIT 89,647 1.53% NAV Impact of MTM by Category & Exposure Listed Equity Long -0.092% Listed Equity Short -0.015% EquityCom Long 0.242% EquityCom Short -0.005% G20 Rates Long 0.026% G20 Rates Short 0.004% Security MTM Gain % Total NAV 45 Positions 25.05% SENSEX Index 5,311 0.29% AZN US Equity 5,429 0.30% AZN LN Equity 5,436 0.30% XLF US Equity 5,495 0.30% BE_TSY CREDIT 5,601 0.31% AEX Index 5,711 0.31% .1N.I US Equity 5,773 0.31% NVS US Equity 5,800 0.32% HON US Equity 5,960 0.32% UTX US Equity 6,110 0.33% EDF FP Equity 6,195 0.34% DAI GR Equity 6,198 0.34% XLI US Equity 6,382 0.35% ACA FP Equity 6,646 0.36% MAERSKB DC Equity 6,746 0.37% SXXP Index 6,870 0.37% SX6P Index 6,876 0.37% SXSE Index 6,883 0.38% ROG VX Equity 7,038 0.38% NOVN VX Equity 7,256 0.40% BEL20 Index 7,852 0.43% SMI Index 7,947 0.43% HEX Index 8,167 0.45% MDT US Equity 8,310 0.45% IT_TSY CREDIT 8,509 0.46% PRU LN Equity 8,828 0.48% TMO US Equity 8,880 0.48% SXAP Index 9,045 0.49% DAX Index 9,098 0.50% IBEX Index 9,369 0.51% MMM US Equity 9,823 0.54% LU)0a Index 10,245 0.56% SXOP Index 10,290 0.56% NDX Index 10,348 0.56% KFX Index 10,550 0.58% SXIP Index 10,997 0.60% ES TSY CREDIT 11,071 0.60% TYC US Equity 11,495 0.63% XLV US Equity 12,303 0.67% ISEQ Index 17,394 0.95% EFTA00614818 SPX Index 18,368 1.00% SXTP Index 21,535 1.17% SXDP Index 26,482 1.44% lE_TSY CREDIT 32,454 1.77% STBCNZL Index 36,451 1.99% APAC Lon 29 APAC Short 19 EMEA Long 73 EMEA Short 15 AMER Long 177 AMER Short 34 E • ultyCom Lon 65 EquityCom Short 7 G20 Rates Lon 21 G20 Rates Short 2 Total Long 365 Total Short 77 Current Exposure by Geography (Listed Equl les) & Macro (Equity Indices & Commodiites, G20 Gov. Credit) $2,000,000 $1,500,000 $1,000,000 $500,000 $(500,000) 1 ■ APAC Long ■ APAC Short ■ EMEA Long ■ EMEA Short ■ AMER Long ■ AMER Short ■ EquityCom Long ■ EquityCom Short ■ G20 Rates Long ■ G20 Rates Short EFTA00614819 Atorus, LLC 5/19/2014 Historical Net Exposure by Geography (Listed Equities) & Macro (Equity Indices & Commodlites, G20 Gov. Credit) 6,000,000 5,000,000 4,000,000 34:°°" ° 2,000000 , 1,000,000 —APAC —EM —AMER — EquityCom —G20 Rates NexEposute RIG 2,000,000 1,500,000 1.000.000 JJ 500,000 ,p,s.' % O(9 19S \ \ \ ‘ 4> IZ' ieZi 0 1 SI, 'V . „ \ V V \ O 1, O \ 461)) 'V \ 04 4 11, \ 04 4 11 \ O4 . 1.• (1,000,000) (2,000,000) (Se t (1,000,000) (3.000.030) Historical Gross Exposure by Geography (Listed Equities) & Macro (Equity Indices & Commodlites, G20 Gov. Credit) EFTA00614820 Atorus, LIC 5/19/2014 Current Gross Notional Risk by Category 255,457 1,492,022 I t ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ G20 Rates Performance Vs. MSCI World Index 115 1.95 1.75 1.55 1.35 1.15 0.95 0.75 teetcpo'cv esic> ceeceessy eeeotez erbee4," Series' —series2 Rolling 30 Day Realized Volatility -At 2.00% 1.80% 1.60% 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% ON;I• b o o o o o o o so% 4,V• <,,cv s,c• <,,cv GP' 4- 4 4 4 4 et. 4 4 4 4 4 4 s % EFTA00614821 Atorus, LLC 5/19/2014 Percentile Distribution of Current MTM Gains in Vol Days by Position (ex-99pct & ex-1st percentiles) 70.00 50.00 50.00 4000 30.00 20.00 10.00 0.00 -toss. 1() • 69.10914P / 04 6W6S)/ 01)/69/ 6 6 6 et, 4 q of Percentile No. Vol Days 0.00.:, -15.53 5.00% -2.76 10.00% -1.54 15.00% -0.22 20.00% 0.44 25.00% 1.31 30.00% 2.05 35.00% 3.04 40.00% 4.11 45.00% 5.34 50.00% 7.13 55.00% 9.53 60.00% 11.79 65.00% 14.39 70.00% 18.25 75.00% 22.27 80.00% 25.72 85.00% 30.58 90.00% 40.66 95.00% 57.26 100.00% 198.63 Vol Days by Position MTM Gains(Losses) % of NAV "Signficant" (<7 Vol Days) MTM Gains(Losses) % of NAV "Signficant" (>7 Vol Days) 1.12% EFTA00614822 Atorus, LLC Current Portfolio -Listed Equity Portfolio Current Price P/L in Vol 30P Realized Change on Day Security MTM Gain/(Loss) Exp. # Cost Avg. Price (in USD) Days Vol (In USD) 5/19/2014 000270 KS Equity (31) (1,114) 55.84 57.39 -2.80 0.99% (8.33) 005380 KS Equity 38 3,149 224.39 227.10 1.16 1.04% (20.67) 005490 KS Equity (62) (602) 272.57 300.77 -11.31 0.91% 3.85 005930 KS Equity 16 1,566 1,396.40 1,410.52 1.12 0.90% 29.78 012330 KS Equity 934 5,584 247.00 288.32 16.42 1.02% (42.64) 1 HK Equity 842 12,607 16.18 17.26 7.06 0.95% (31.25) 1299 HK Equity 146 5,954 4.79 4.91 2.59 0.95% (16.37) 13 HK Equity 804 4,897 11.40 13.28 17.44 0.94% 56.47 16 HK Equity 12.92 27 HK Equity 29 (2,519) 7.60 7.51 0.66 1.73% (6.26) 2914 JP Equity (46) 1,161 33.71 32.44 -4.10 0.96% (4.53) 3382 JP Equity 14 2,327 38.42 38.65 0.66 0.89% 39.78 4063 JP Equity (6) 504 59.48 58.82 -1.11 1.00% (0.11) 4502 JP Equity (62) 4,908 44.97 44.41 -1.59 0.79% (5.38) 4689 JP Equity 197 (2,638) 4.42 4.09 4.34 1.72% 61.02 5 HK Equity (166) (4,127) 10.15 10.56 -5.96 0.67% (36.27) 5108 JP Equity (91) 1,559 35.90 33.93 -5.52 1.05% (17.06) 54011P Equity 211 (5,599) 2.81 2.71 4.05 0.93% 47.70 63011P Equity 43 4,173 22.14 22.37 1.05 0.97% 23.35 6752 JP Equity 10.32 - 6902 JP Equity 43.14 - 6954 JP Equity 374 6,629 6,392.98 167.30 5.67 1.00% 22.40 72011P Equity 27 (2,999) (3,742.97) 8.78 0.99 0.92% 6.47 7203 JP Equity 146 (4,207) (5,259.85) 54.15 4.07 0.85% 11.39 7267 JP Equity 270 (4,675) (4,885.01) 33.30 4.91 1.18% (48.86) 762 HK Equity (70) 1,864 (5,161.69) 1.52 -2.28 1.65% (34.35) 7751 JP Equity 21. 3,628 (6,865.02) 32.81 0.82 0.72% 36.06 80311P Equity (190) (2,292) (4,775.88) 15.26 -10.38 0.80% 8.25 8058 JP Equity 47 5,854 (4,383.01) 19.43 0.95 0.84% 3.16 8106 JP Equity 98 (3,668) (4,603.66) 5.48 2.21 1.21% 44.17 8316 JP Equity 120 (1,984) (2,000.57) 38.67 5.22 1.16% 4.90 84111P Equity (2) 5,474 1.98 -0.05 0.57% (11.33) 8604 JP Equity 202 (3,335) (3,504.39) 6.08 4.31 1.40% (71.15) 8801 JP Equity 148 3,857 31.11 32.30 2.94 1.31% (27.95) 8802 JP Equity 57 (4,920) 24.34 24.06 0.90 1.27% 24.77 9020 JP Equity 79 (5,379) 75.21 74.11 1.71 0.86% (65.11) 941 HK Equity 295 (9,455) 10.19 9.88 3.49 0.90% (60.71) 9432 JP Equity 460 7,248 53.82 57.23 7.15 0.89% 19.04 9433 JP Equity (156) 3,581 55.55 53.23 -3.48 1.25% (16.03) 9437 JP Equity (290) (6,149) 15.59 16.33 -5.78 0.81% (17.82) 9983 JP Equity 94 (2,724) 323.49 312.35 2.46 1.40% (21.76) EFTA00614823 9984 JP Equity 35 (1,151) 69.76 67.63 1.85 1.65% 11.61 AAPL US Equity 1,069 7,342 527.64 604.50 15.34 0.95% 187.25 ABB US Equity 23.57 - ABBN VX Equity (19) (2,982) 23.43 23.58 -0.80 0.80% 1.71 ABBV US Equity 253 4,019 50.65 53.84 4.66 1.35% 90.63 ABEV US Equity (13) (3,165) 7.37 7.40 -0.45 0.92% (1.15) ABEV3 BZ Equity (5) (3,012) 7.43 7.44 -0.15 1.08% 1.61 ABI BB Equity 604 8,888 103.14 110.15 9.53 0.71% 17.41 ABT US Equity 84 4,097 38.87 39.66 2.76 0.74% 56.52 ABX CN Equity 439 (4,152) #N/A N/A 9.19 1.15% ABX US Equity 470 (4,194) 18.59 16.50 10.22 1.10% 39.03 ACA FP Equity 6,646 5,408 6.83 15.23 103.12 1.19% (99.43) ACE US Equity 550 10,287 97.54 102.75 13.42 0.40% 53.52 ACN US Equity 155 8,563 77.97 79.38 2.90 0.62% 29.53 ADP US Equity 102 5,607 76.56 77.96 2.64 0.69% 48.93 AFL US Equity (41) 3,645 62.63 61.94 -1.41 0.80% 33.66 AGN US Equity 4,309 9,698 110.56 159.68 22.91 1.94% 65.84 Al FP Equity 645 12,864 137.87 144.78 8.17 0.61% 81.78 AIG US Equity 387 7,022 49.93 52.69 5.88 0.94% 39.57 AIR FP Equity - 727 69.68 69.68 0.00 1.20% 9.37 ALV GR Equity (149) 7,052 169.13 165.64 -2.66 0.79% (30.33) ALVG IX Equity (105) 5,730 168.56 165.54 -2.34 0.78% (34.68) AMGN US Equity 9 (2,476) 112.50 112.11 0.35 0.99% (18.57) AMT US Equity 1,682 12,212 77.36 88.01 22.30 0.62% (117.06) AMZN US Equity 94 (2,898) 306.51 296.55 1.75 1.86% (11.28) ANZ AU Equity 327 12,947 29.78 30.53 3.41 0.74% (140.84) APA US Equity 81 4,994 87.41 88.82 2.07 0.78% 13.87 APC US Equity 55 3,203 98.14 99.81 1.95 0.87% 22.96 AXP US Equity 2,366 10,373 71.56 87.89 25.96 0.88% 73.86 AZN LN Equity 5,436 12,676 49.80 71.16 19.98 2.15% AZN SS Equity 4,941 12,119 50.82 71.54 19.01 2.15% AZN US Equity 5,429 12,812 50.30 71.61 20.70 2.05% BA US Equity 216 8,072 128.04 131.46 3.23 0.83% 42.56 BAC US Equity 75 (3,640) 14.91 14.60 1.81 1.14% (39.33) BARC LN Equity (138) 5,219 4.11 4.00 -1.82 1.46% (92.29) BAS GR Equity 1,174 7,333 97.30 112.88 18.43 0.87% (2.69) BATS LN Equity 750 7,532 53.98 59.35 13.01 0.77% 59.05 BAX US Equity 71 4,842 73.52 74.60 2.62 0.56% (7.11) BAYN GR Equity 349 7,767 135.04 141.10 5.35 0.84% (25.24) BBAS3 BZ Equity (6) 1,574 10.87 10.83 -0.23 1.67% (6.65) BBD US Equity 264 4,539 14.82 15.68 4.30 1.35% (39.55) BBDC4 BZ Equity 261 4,490 14.84 15.71 4.09 1.42% (37.51) BBL US Equity 5 (889) 65.53 65.17 0.65 0.86% 4.98 BBVA SM Equity 1,113 6,043 10.19 12.07 23.61 0.78% (42.91) BCE CN Equity 188 7,973 #N/A N/A 6.20 0.38% BCS US Equity (122) 5,457 16.45 16.09 -1.60 1.40% (63.83) BEN US Equity 104 2,814 52.91 54.87 3.25 1.14% 43.53 EFTA00614824 BG/ LN Equity (555) (3,551) 18.76 21.70 -15.53 1.01% (48.47) BHP AU Equity 147 9,507 34.49 35.02 1.95 0.79% (199.16) BHP US Equity 206 7,278 68.00 69.92 3.03 0.93% (82.88) BBB US Equity 195 1,066 245.93 290.92 12.01 1.52% 9.52 BIL SI Equity 9 (1,008) 32.89 32.60 1.22 0.73% 8.98 BK US Equity 316 8,609 32.86 34.07 3.86 0.95% 51.30 BUC US Equity 18 2,735 296.83 298.80 0.78 0.85% 17.71 BLT IN Equity 9 (943) 32.88 32.56 1.22 0.82% 9.45 BMO CN Equity 420 13,003 8N/A N/A 7.67 0.42% BMW GR Equity 1,088 5,212 99.22 119.93 25.89 0.81% 89.19 BMY US Equity (37) 3,126 49.66 49.08 -0.98 1.20% 13.51 BN FP Equity - 1,159 75.68 75.68 0.00 0.73% 1.38 BNP FP Equity 70 (3,865) 72.80 71.48 2.05 0.89% 11.93 BNS CN Equity 639 11,902 8N/A N/A 12.16 0.44% BP/ LN Equity 997 9,797 7.76 8.55 14.43 0.71% 44.87 BRK/B US Equity 744 14,233 120.53 126.83 10.22 0.51% 45.04 BSBR US Equity 7 2,143 6.67 6.69 0.24 1.30% (17.62) BUD US Equity 567 9,049 103.62 110.11 8.16 0.77% (30.08) BX US Equity (22) (1,204) 29.04 29.56 -0.96 1.87% (18.11) C US Equity (30) 1,507 47.50 46.57 -2.58 0.77% 4.92 CA FP Equity 269 3,932 34.37 36.72 6.83 1.00% 45.18 CAT US Equity 2,383 14,645 90.43 105.15 24.81 0.66% (65.51) CBA AU Equity 1,134 16,830 69.70 74.39 12.58 0.54% (237.55) CBS US Equity 4 (2,800) 57.39 57.30 0.13 1.16% (33.42) CCL US Equity 405 6,257 36.20 38.55 7.26 0.89% 82.28 CELG US Equity 5 2,632 147.09 147.35 0.14 1.26% 6.40 CFR VX Equity 361 7,019 96.74 101.71 7.06 0.73% 7.50 CL US Equity 2,408 21,171 59.79 66.59 23.13 0.49% (51.79) CM CN Equity 673 11,908 8N/A N/A 14.02 0.40% CMCSA US Equity 57 4,527 50.01 50.64 1.47 0.86% 51.26 CMCSK US Equity 4,601 12,096 36.26 50.06 47.72 0.80% 184.78 CNI US Equity 2,016 12,873 51.38 59.42 23.68 0.66% 104.92 CNQ CN Equity 913 10,769 8N/A N/A 9.80 0.86% CNR CN Equity 1,863 12,795 8N/A N/A 22.94 0.63% COF US Equity 730 7,124 68.86 75.92 15.76 0.65% 24.79 COP US Equity 231 7,461 75.97 78.32 4.07 0.76% 50.94 COST US Equity 174 9,550 114.02 116.10 3.02 0.60% 73.23 COV LN Equity 8N/A N/A COV US Equity 823 7,080 64.09 71.54 17.42 0.67% 34.42 CRM US Equity (26) (1,412) 52.04 52.99 0.94 1.92% (46.25) CS FP Equity 92 (3,180) 24.03 23.33 2.91 1.00% (1.08) CSCO US Equity (37) (576) 22.87 24.33 -8.02 0.79% (1.53) CSX US Equity 1,490 9,460 25.28 29.26 22.47 0.70% 44.26 CVE CN Equity 8N/A N/A CVS US Equity 2,276 12,136 64.26 76.31 29.50 0.64% 20.10 CVX US Equity (42) 2,295 125.33 123.09 -2.77 0.66% (6.02) D US Equity 1,852 13,256 60.80 69.29 22.03 0.63% (184.42) EFTA00614825 DAI GR Equity 6,198 13,908 62.20 89.93 41.21 1.08% 115.47 DBK GR Equity 95 (3,216) 42.62 41.36 3.07 0.97% 42.45 DD US Equity 2,882 13,319 55.25 67.21 39.21 0.55% 91.27 DDAIF US Equity 3,624 8,377 63.20 90.55 35.05 1.23% 170.40 DE US Equity 446 10,094 86.88 90.72 7.73 0.57% (87.21) DELL US Equity #N/A N/A DG FP Equity 4,195 10,090 51.66 73.14 61.03 0.68% 67.19 DGE LN Equity 119 2,332 30.86 32.43 5.83 0.87% (13.39) DHR US Equity 128 5,021 73.91 75.79 3.40 0.75% 46.14 DIS US Equity 1,835 10,263 68.75 81.04 20.31 0.88% 160.62 DISCA US Equity 181. (6,841) 75.84 73.83 2.59 1.02% (65.00) DNB NO Equity 342 5,584 17.37 18.43 6.00 1.02% (30.20) DOW US Equity 2,446 7,396 37.11 49.39 32.85 1.01% 107.28 DPW GR Equity 158 660 29.41 36.43 22.54 1.06% 3.03 DTE GR Equity 982 7,575 15.16 17.12 12.91 1.00% (43.51) DTV US Equity 3,916 10,622 61.97 84.82 29.42 1.25% (186.16) DUK US Equity 43 (2,684) 71.45 70.31 3.03 0.52% 39.79 DVN US Equity 1,405 11,143 63.30 71.28 14.54 0.87% 127.28 EBAY US Equity (35) (1,222) 50.75 52.20 -2.57 1.11% (6.36) ECL US Equity 166 9,210 105.22 107.11 3.02 0.60% 130.37 EDF FP Equity 6,195 9,189 23.45 39.25 86.94 0.78% 19.94 EMC US Equity 401 10,986 25.35 26.28 4.84 0.75% 62.39 EMR US Equity (13) 8,739 66.79 66.70 0.20 0.72% 24.14 ENB CN Equity 587 12,532 #N/A N/A 10.81 0.43% ENEL IM Equity 1,910 8,902 4.48 5.45 24.73 0.87% (114.35) ENI IM Equity 230 11,929 24.33 24.80 2.93 0.66% (316.15) EOAN GR Equity (60) 2,319 18.61 18.14 4.10 0.84% 32.23 EOG US Equity 2,385 5,841 72.84 102.58 34.50 1.18% 13.37 EPD US Equity 1,916 13,127 63.70 72.99 21.54 0.68% (35.73) ERICB SS Equity (94) 7,934 12.51 12.36 4.14 1.04% (51.10) ESRX US Equity (38) (1,682) 67.34 68.87 .2.56 0.89% (5.88) ETN US Equity 7 5,260 72.48 72.58 0.15 0.90% 33.59 F US Equity (208) (2,897) 14.82 15.88 .9.01 0.80% (19.19) F8 US Equity 876 2,630 44.06 58.72 15.80 2.11% 56.26 FCX US Equity 274 6,027 33.55 35.07 4.68 0.97% 41.01 FDX US Equity 264 4,359 130.52 138.42 9.58 0.63% (5.67) FOX US Equity 88 5,613 32.67 33.18 1.23 1.26% 26.70 FOXA US Equity 91 4,207 33.36 34.09 1.75 1.24% 25.85 FP FP Equity 2,017 14,528 62.63 71.33 19.07 0.73% 75.62 G IM Equity (47) 4,486 21.99 21.76 -1.32 0.79% (135.21) GE US Equity 2,523 13,140 22.32 26.60 36.23 0.53% 19.87 GILD US Equity 230 4,205 77.50 81.75 3.92 1.40% 85.94 GIS US Equity 1,432 21,798 50.35 53.66 14.29 0.46% 15.16 GLE FP Equity 169 1,299 49.51 55.96 10.98 1.19% (24.24) GLEN LN Equity (158) (2,955) 5.22 5.50 -7.58 0.71% (23.68) GLW US Equity 3,464 11,635 16.25 21.09 38.25 0.78% 95.75 GM US Equity (97) 4,771 34.79 34.10 -2.14 0.95% 0.34 EFTA00614826 GOOG US Equity (13) (1,262) 521.01 526.39 -0.75 1.37% (18.25) GS US Equity 5 (976) 158.25 157.53 0.43 1.06% (9.52) GSK LN Equity 232 5,707 26.22 27.29 4.72 0.86% (65.08) GSZ FP Equity 705 11,150 25.29 26.89 7.74 0.82% 143.12 HAL US Equity 1,744 7,135 50.67 63.06 22.45 1.09% 82.49 HD US Equity 233 7,619 74.42 76.70 3.63 0.84% (33.37) HMB SS Equity (5) 1,897 42.86 42.75 -0.38 0.66% (8.82) HON US Equity 5,960 11,930 61.10 91.62 74.90 0.67% 109.84 HPQ US Equity 2,178 7,473 25.51 32.95 29.08 1.00% 160.97 HSBA LN Equity 193 5,263 10.25 10.62 5.24 0.70% 1.59 IBE SM Equity 2,000 7,531 5.56 7.04 42.78 0.62% (22.56) IBM US Equity 99 (4,032) 191.43 186.72 3.06 0.80% (2.24) IMT LN Equity 2,917 13,704 37.00 44.88 30.44 0.70% 69.66 INTC US Equity 868 12,041 24.19 25.94 12.66 0.57% 44.35 ISP IM Equity 3,227 5,699 1.93 3.02 47.47 1.19% (52.26) ITUB US Equity 342 5,715 15.88 16.83 5.17 1.16% (8.34) ITUB4 BZ Equity 332 4,601 15.79 16.93 5.75 1.25% 1.25 ITW US Equity 3,761 14,011 67.84 86.04 42.56 0.63% 94.22 ITX SM Equity 32 (3,652) 146.45 145.18 1.52 0.57% 30.09 JCI US Equity (36) (1,055) 44.85 46.37 .2.56 1.32% (40.29) JNJ US Equity 5,773 17,142 75.17 100.49 77.67 0.43% (1.66) JPM US Equity 48 (4,014) 54.24 53.58 1.36 0.89% (27.47) KMB US Equity 207 9,903 107.52 109.77 3.80 0.55% (88.12) KMI US Equity 99 (6,775) 33.81 33.31 1.81 0.81% 44.59 KO US Equity (10) 2,202 40.80 40.62 -0.86 0.52% (4.86) LBTYA US Equity 69 3,592 43.18 44.01 1.77 1.09% 50.74 LBTYK US Equity 78 5,290 41.41 42.02 1.44 1.02% 68.31 LIN GR Equity 514 9,127 199.32 210.55 8.65 0.65% 54.10 LLOY LN Equity 123 1,493 1.14 1.24 6.71 1.23% - LLY US Equity (35) 4,953 59.02 58.61 -0.88 0.81% 35.25 LMT US Equity 657 2,016 122.48 162.42 41.84 0.78% (2.31) LNKD US Equity 450 (2,461) 183.83 150.18 7.24 2.53% (87.24) LOW US Equity • 812 45.39 45.39 0.00 1.07% 4.80 LVS US Equity 131 654 61.33 73.62 11.44 1.75% 8.46 LYB US Equity 1,469 2,297 59.29 97.21 75.92 0.84% 58.62 MA US Equity (3) 3,476 73.94 73.87 -0.07 1.30% 31.31 MAERSKB DC Equity 6,746 14,206 1,644.65 2,425.65 56.97 0.83% MC FP Equity 274 5,711 186.24 195.18 7.08 0.68% (38.63) MCD US Equity 140 9,603 100.64 102.10 3.02 0.48% (83.27) MCK US Equity 205 2,181 164.92 180.45 10.45 0.90% 45.52 MDIZ US Equity 4,168 13,641 28.68 37.45 38.69 0.79% 20.33 MDT US Equity 8,310 20,811 43.22 60.48 56.92 0.70% 147.65 MET US Equity 915 7,556 44.37 49.74 10.42 1.16% 63.68 MFC CN Equity 1,539 3,201 #WA WA 55.17 0.87% MHS US Equity #WA WA MMM US Equity 9,823 21,331 96.89 141.52 74.39 0.62% 196.12 MO US Equity 1,046 12,846 37.19 40.21 16.28 0.50% (89.61) EFTA00614827 MON US Equity 1,150 11,917 106.02 116.24 13.28 0.73% 56.66 MOS US Equity 49.50 - MRK US Equity 1,412 11,769 50.18 56.20 12.71 0.94% 77.47 MS US Equity (18) 2,280 30.40 30.16 -0.54 1.42% 17.08 MSFT US Equity 992 8,007 35.30 39.67 16.50 0.75% 18.36 MUV2 GR Equity 449 6,116 197.70 212.20 8.50 0.86% (52.40) NAB AU Equity (259) 13,313 31.51 30.91 -2.70 0.72% (184.54) NCM AU Equity 9.46 - NEE US Equity 4,553 14,972 73.03 95.23 46.76 0.65% (252.13) NEM US Equity 514 (1,819) 32.73 23.48 17.75 1.59% 47.55 NESN VX Equity 1,426 11,298 70.64 79.55 22.83 0.55% (108.82) NG/ IN Equity 3,237 13,258 11.96 14.88 40.18 0.61% 311.97 NICE US Equity 267 2,940 68.03 74.21 10.68 0.85% 35.72 NOK US Equity 3,708 4,498 3.96 7.23 57.08 1.44% 18.54 NOV US Equity 581 9,753 77.58 82.20 7.10 0.84% 107.65 NOVN VX Equity 7,256 19,145 64.63 89.13 55.87 0.68% (194.27) NOVOB DC Equity 488 9,444 40.35 42.43 5.34 0.97% NSC US Equity 2,029 10,109 81.19 97.48 27.33 0.73% 68.49 NVS US Equity 5,800 16,897 66.54 89.38 59.88 0.57% (89.89) OGXP3 BZ Equity 4,034 (4,107) 4.39 0.08 60.40 1.63% (52.80) OR FP Equity 480 8,826 167.38 176.49 7.98 0.68% (1.60) ORA FP Equity 2,061 8,435 13.76 17.13 25.04 0.98% 97.98 ORCL US Equity 1,978 8,341 33.95 42.01 33.77 0.70% 104.42 OXY US Equity 75 7,355 95.04 96.02 1.71 0.60% (4.40) PBR US Equity (26) 1,998 15.35 15.15 0.69 1.90% (16.96) PBR/A US Equity 3 1,851 16.20 16.23 0.09 1.83% (10.12) PCLN US Equity 115 1,986 1,089.64 1,152.68 3.85 1.50% 38.63 PCP US Equity (91) 1,891 254.70 243.05 -4.54 1.06% 22.60 PEP US Equity 354 12,677 83.59 85.92 6.14 0.45% (43.83) PETR3 BZ Equity (2) 2,742 7.62 7.62 -0.03 2.02% (20.78) PETR4 BZ Equity 5 1,792 8.11 8.13 0.14 2.16% (9.28) PFE US Equity (47) (3,322) 29.08 29.49 -1.32 1.06% (32.38) PG US Equity 88 11,013 79.25 79.89 1.55 0.52% (54.90) PHIA NA Equity 31.58 - PM US Equity (6) 5,459 85.73 85.63 -0.26 0.45% (6.20) PNC US Equity 765 9,010 76.60 83.11 9.93 0.86% 64.70 POT CN Equity 174 4,940 #WA N/A 4.15 0.85% POT US Equity 139 5,930 36.14 36.99 2.87 0.82% 6.92 PRU LN Equity 8,828 10,521 12.76 23.47 92.40 0.91% (58.76) PSA US Equity 797 13,406 162.12 171.75 13.20 0.45% 2.94 PSX US Equity 1,678 6,461 65.64 82.69 28.38 0.92% 80.28 PX US Equity 2,570 16,340 113.54 131.40 29.92 0.53% 102.97 QCOM US Equity 2,438 12,547 66.83 79.81 27.53 0.71% 114.27 QQQ US Equity 2,291 7,968 68.46 88.14 39.48 0.73% 114.25 RAI US Equity 833 10,690 53.26 57.42 9.71 0.80% 33.15 RDS/A US Equity 622 11,546 75.02 79.06 10.63 0.51% 18.53 RDS/B US Equity 1,234 11,427 78.85 87.36 17.70 0.61% 138.81 EFTA00614828 RDSA LN Equity 765 9,744 36.73 39.62 14.30 0.55% 20.22 RDSA NA Equity 546 11,195 37.76 39.60 9.10 0.54% 34.14 RDSB LN Equity 1,272 10,889 39.07 43.64 19.34 0.60% 122.53 REGN US Equity (76) 6,240 302.74 299.12 0.64 1.90% 147.66 RIO AU Equity (260) 5,122 59.25 56.39 -5.12 0.99% (157.66) RIO IN Equity (53) 4,819 54.83 54.23 -1.17 0.95% (104.35) RIO US Equity 13 4,934 54.04 54.19 0.25 1.10% (85.89) ROG VX Equity 7,038 17,035 212.78 300.70 61.50 0.67% (21.68) RY CN Equity 182 10,940 StN/A N/A 3.87 0.43% SAB LN Equity 1,230 11,163 49.36 54.80 15.16 0.73% 80.21 SAN FP Equity 0 (906) 105.63 105.57 0.07 0.77% 0.46 SAN SM Equity 1,378 9,119 8.62 9.93 23.84 0.63% 23.64 SAN US Equity 1,127 7,569 8.66 9.95 19.55 0.76% (53.66) SAP GR Equity (169) 2,516 80.24 75.18 -7.84 0.86% (14.48) SAP US Equity (125) 1,808 80.24 75.04 -7.62 0.91% (12.87) SBUX US Equity (6) (420) 69.81 70.81 -1.77 0.82% (2.03) SGO FP Equity 2,269 7,836 44.08 56.85 29.62 0.98% 14.42 SI US Equity 775 5,671 #N/A N/A 16.39 0.83% SIE GR Equity 764 5,345 114.81 131.22 16.42 0.87% (22.01) SLB US Equity 1,634 8,679 84.17 100.02 30.60 0.62% 56.58 SMSN LI Equity 10 1,790 695.37 699.07 0.56 0.95% 19.52 SO US Equity (300) 11,861 44.08 43.00 -3.76 0.67% (120.75) SPG US Equity 485 12,778 168.98 175.40 9.52 0.40% 4.89 SREN VX Equity 87.46 - STAN LN Equity (17) (1,176) 22.09 22.41 -1.56 0.93% (2.62) STL NO Equity 1,475 11,476 26.77 30.22 14.27 0.90% 59.86 STT US Equity (29) 1,367 65.14 63.78 -1.84 1.16% 14.29 SU CN Equity 580 11,105 #N/A N/A 5.32 0.98% SU FP Equity 565 8,613 86.36 92.03 5.99 1.10% 143.73 SU US Equity 545 9,658 36.78 38.86 6.08 0.93% (22.09) SWEDA SS Equity 25 4,735 25.97 26.11 0.68 0.79% (2.35) SYNN VX Equity (332) (4,132) 359.52 388.44 -14.48 0.56% 4.36 T US Equity 86 5,618 35.62 36.16 2.13 0.72% (80.58) TD CN Equity 420 10,892 #N/A N/A 8.00 0.48% TEF SM Equity 227 7,580 16.07 16.55 3.77 0.79% 14.18 TEF US Equity 235 6,344 15.95 16.54 4.04 0.92% (9.14) TGT US Equity 717 (8,574) 63.57 58.25 9.17 0.91% 36.81 TJX US Equity 565 3,143 49.32 58.18 22.46 0.80% (15.21) TLS AU Equity 749 13,319 4.66 4.92 10.76 0.52% (84.12) TLSN SS Equity (368) (5,268) 7.02 7.51 -7.58 0.92% (40.11) TM US Equity 331 (5,442) 115.49 108.46 7.46 0.82% 42.29 TMO US Equity 8,880 10,218 63.59 118.85 89.77 0.97% 348.94 TOT US Equity 1,281 7,801 61.19 71.24 20.97 0.78% 19.29 TRP CN Equity #N/A N/A TRV US Equity 882 12,079 86.35 92.66 13.05 0.56% 72.65 TSCO LN Equity 409 (6,286) 5.60 5.23 6.07 1.07% (51.20) TWC US Equity 752 5,234 120.22 137.50 18.35 0.78% 56.23 EFTA00614829 TWX US Equity 345 7,427 66.94 70.05 4.92 0.94% 176.47 TXN US Equity 3,729 12,205 34.93 45.60 26.10 1.17% 193.57 TYC US Equity 11,495 24,080 29.17 43.09 53.82 0.89% 502.87 UBS US Equity 51 3,293 19.43 19.73 1.91 0.81% (21.62) UBSN VX Equity 20 3,095 19.51 19.63 0.72 0.90% (28.96) UCG IM Equity 2,197 5,500 5.62 7.87 30.75 1.30% (115.79) ULVR LN Equity 419 6,329 42.99 45.83 9.57 0.69% 41.38 UNA NA Equity 328 6,016 41.83 44.11 8.04 0.68% 19.30 UNH US Equity 2,020 10,191 64.28 77.03 26.45 0.75% 106.22 UNP US Equity 2,181 12,389 166.05 195.28 24.25 0.73% 71.71 UPS US Equity 3,971 14,806 79.87 101.29 41.45 0.65% 42.45 USB US Equity 2,656 14,238 34.71 41.19 32.48 0.57% 198.27 UTX US Equity 6,110 15,190 82.05 115.05 55.29 0.73% 20.24 V US Equity 251 5,407 200.68 210.01 4.52 1.03% 34.52 VALE US Equity 269 (2,664) 14.92 13.41 6.16 1.64% 72.26 VALE3 BZ Equity 318 (2,939) 15.07 13.44 6.30 1.72% 82.52 VIAB US Equity 3,652 9,272 60.42 84.21 47.70 0.83% 142.08 VIV FP Equity (9) 534 26.18 25.76 -2.23 0.74% 5.69 VMW US Equity 315 4,785 89.16 95.04 4.51 1.46% 43.69 VOD LN Equity 210 (3,581) 3.85 3.63 6.59 0.89% 10.32 VOD US Equity 192 (3,458) 38.42 36.28 5.78 0.96% 11.78 VOW3 GR Equity (9) 3,208 259.69 258.96 A.31 0.89% 11.80 VRX CN Equity 431 1,289 XWA N/A 21.00 1.59% VRX US Equity 677 1,880 93.20 126.79 23.08 1.56% 55.73 VTI US Equity 624 5,134 86.91 97.47 22.18 0.55% 40.16 VWO US Equity 52 5,559 42.23 42.62 1.33 0.71% 19.71 VZ US Equity (33) (1,948) 48.44 49.25 -2.68 0.63% (9.25) WBC AU Equity 296 11,844 30.87 31.64 3.41 0.73% (172.15) WES AU Equity 288 13,490 39.08 39.92 2.87 0.75% (208.42) WFC US Equity 3,202 12,761 39.49 49.40 45.34 0.55% 136.66 WLP US Equity 4,426 10,369 74.31 106.03 40.71 1.05% 167.86 WMT US Equity 47 9,262 76.31 76.69 0.98 0.51% (39.62) WOW AU Equity 11 3,023 34.46 34.59 0.41 0.89% (14.27) XOM US Equity 1,487 15,723 92.14 100.86 19.96 0.47% 36.97 XTA LN Equity #N/A N/A YHOO US Equity (6) 98 35.85 33.75 -3.59 1.73% 1.07 YUM US Equity 63 7,151 73.86 74.51 1.31 0.68% (22.79) ZURN VX Equity 39 7,208 293.77 295.38 0.86 0.64% 51.98 Current Portfolio • Global Maao Portfolio Current Price P/L in Vol 30P Realized Change on Day Security MTM Gain/(Loss) Exp.. Cost Avg. Price (In USD) Days Vol (in USD) SPX Index 18,368 62,272 1,455.70 1,885.08 53.27 0.55% 310.04 NDX Index 10,348 37,348 2,831.19 3,615.62 34.21 0.81% 377.85 RTY Index 420 4,496 1,019.23 1,114.43 10.16 0.92% 51.37 EFTA00614830 SPTSX Index 1,047 35,883 #WA N/A 6.78 0.43% MEXBOL Index (140) (4,183) 3,142.45 3,247.69 •4.70 0.71% (4.10) IBOV Index 245 9,415 23,590.66 24,205.20 2.45 1.07% (78.51) MERVAL Index 154 6,390 867.14 888.02 1.93 1.25% 267.38 UKK Index 4,734 43,063 10,369.13 11,509.11 20.48 0.54% (121.04) DAX Index 9,098 36,674 10,610.77 13,243.02 34.83 0.71% 170.79 CAC Index 1,758 24,884 5,723.77 6,128.04 12.49 0.57% 96.19 IBEX Index 9,369 41,170 11,643.70 14,293.36 29.84 0.76% (227.22) SMI Index 7,947 49,310 8,347.57 9,692.85 38.59 0.42% (286.28) FTSEMIB Index 5,178 25,266 23,118.94 27,856.61 18.04 1.14% (469.24) P5120 Index 4,317 24,476 8,041.34 9,459.57 17.07 1.03% 25.00 ISEQ Index 17,394 32,079 4,246.25 6,548.73 56.16 0.97% ICEXI Index 4,234 37,337 6.63 7.38 22.44 0.51% (60.92) AEX Index 5,711 44,526 487.32 549.83 26.44 0.49% 215.53 BEL20 Index 7,852 47,159 3,649.75 4,257.46 33.48 0.50% 160.40 LUXXX Index 10,245 41,632 1,672.08 2,083.55 36.83 0.67% 204.63 KFX Index 10,550 39,508 101.67 128.81 39.32 0.68% HEX Index 8,167 41,358 8,528.98 10,213.16 31.26 0.63% 294.95 OMX Index 2,161 23,118 191.41 209.31 13.40 0.70% (153.15) ATX Index • 3,790 3,297.15 3,297.15 0.00 0.79% 14.03 ASE Index 650 4,649 1,282.88 1,462.23 8.46 1.65% (102.67) OSEBX Index 4,367 26,592 86.02 100.14 23.53 0.70% 52.17 INDEXCF Index (688) (21,271) 39.64 40.92 -2.23 1.45% (441.58) TOP40 index 2,696 33,820 3,975.21 4,292.10 9.93 0.80% 272.86 SENSEX Index 5,311 41,887 370.18 417.12 15.90 0.80% 583.15 NKY Index (126) 6,242 141.10 138.29 -2.17 0.93% (28.31) HSI Index 158 29,992 2,913.59 2,928.89 0.74 0.71% (10.39) SHCOMP Index 2,226 (33,248) 344.53 321.46 9.75 0.69% 393.47 KOSPI Index 2,110 38,430 1.87 1.97 10.73 0.51% 104.93 AS51 Index 685 33,715 4,948.24 5,048.74 3.31 0.61% (559.56) STBCNZL Index 36,451 73,207 #N/A N/A 107.83 0.46% EEM US Equity - 2,074 42.94 42.94 0.00 0.66% IYR US Equity 186 9,689 69.78 71.12 4.65 0.41% (35.97) MDY US Equity 4,919 14,269 184.03 247.47 51.85 0.66% 95.85 JNK US Equity 34 8,156 41.27 41.44 3.14 0.13% 1.98 XLF US Equity 5,495 13,610 15.57 21.86 61.66 0.65% 101.04 XLU US Equity 581 10,859 39.38 41.49 7.51 0.71% (176.47) XLK US Equity 2,555 12,860 30.80 36.92 28.18 0.71% 100.87 XLI US Equity 6,382 16,147 38.20 53.30 64.95 0.61% 89.11 XLP US Equity 604 12,093 42.09 44.19 12.17 0.41% (25.81) XLY US Equity 1,229 5,441 52.24 64.04 29.44 0.77% 30.34 XLE US Equity 738 10,089 87.31 93.69 11.79 0.62% 33.62 XLB US Equity 4,183 14,930 37.57 48.10 41.94 0.67% 79.80 XLV US Equity 12,303 24,346 38.87 58.51 67.12 0.75% 226.89 SXXP Index 6,870 45,756 403.51 464.10 29.94 0.50% (43.83) SXAP Index 9,045 28,526 520.28 685.25 29.13 1.09% 502.60 SXKP Index 5,151 37,626 366.14 416.26 20.30 0.67% 152.23 EFTA00614831 SX6P Index 6,876 38,710 359.38 423.21 35.76 0.50% 198.67 SXEP Index 4,436 51,146 456.85 496.48 14.28 0.61% 53.96 SXIP Index 10,997 28,923 222.31 306.83 59.77 0.64% (90.59) SXNP Index 4,662 28,384 482.69 561.97 23.98 0.69% 113.94 SX3P Index 2,032 31,675 679.66 723.27 15.34 0.42% (89.29) SXDP Index 26,482 61,074 609.16 873.29 78.47 0.55%. (1,221.60) SX4P Index 4,061 25,840 917.36 1,061.54 23.85 0.66% 105.82 SX8P Index 506 5,689 343.07 373.60 10.60 0.84% 14.56 SXOP Index 10,290 43,418 386.09 477.59 30.32 0.78% 268.43 SXQP Index 1,595 41,086 803.87 835.08 8.03 0.48% 55.79 SXRP Index 161 16,765 432.46 436.61 1.85 0.52% 18.93 SXMP Index 1,223 4,578 261.12 330.85 38.87 0.69% 57.77 SXTP Index 21,535 39,247 172.05 266.45 57.26 0.96% 1,085.98 SX7E Index 3,014 12,087 159.85 199.70 21.67 1.15% (179.67) SXSE Index 6,883 40,565 3,715.50 4,345.93 26.84 0.63% (14.49) SPGSCITR Index (130) (15,386) 4,989.44 5,031.67 .2.12 0.40% (22.17) XAG Curncy 1,407 (15,640) 21.28 19.36 12.25 0.73% 8.54 CO1 Comdty (51) (11,819) 108.90 109.37 0.68 0.64% 40.74 CL1 Comdty 997 30,849 99.40 102.61 5.11 0.63% 184.17 NG1 Comdty 2,968 18,950 3.86 4.47 11.78 1.33% 283.10 XAU Comdty (21) (23,727) 89.02 89.10 0.18 0.50% (64.03) IBOXHY Index 3,611 53,418 220.12 235.00 137.29 0.05% 30.20 US_TSY CREDIT 366 74,615 764.38 768.13 5.07 0.10% (34.15) CA_TSY CREDIT 695 83,015 1,214.68 1,224.85 4.22 0.20% 214.46 MX_TSY CREDIT 528 71,161 220.78 222.42 2.26 0.33% 87.13 AU TSY CREDIT 1,572 76,397 1,505.18 1,536.15 8.65 0.24% 50.28 JP_TSY CREDIT (24) (4,576) 818.12 822.37 •2.15 0.24% (14.05) MY_TSY CREDIT 266 58,788 169.82 170.59 1.80 0.25% 281.74 SG_TSY CREDIT 571 66,005 221.48 223.40 4.13 0.21% (38.72) AT_TSY CREDIT 4,394 81,569 358.40 377.71 19.84 0.27% 52.38 BE_TSY CREDIT 5,601 79,771 477.76 511.30 25.99 0.27% 30.07 FI_TSY CREDIT 3,947 85,645 349.64 365.76 18.86 0.24% 76.00 FR_TSY CREDIT 4,859 82,246 1,684.51 1,784.02 22.80 0.26% 32.72 DE_TSY CREDIT 3,409 84,524 1,247.55 1,297.87 15.40 0.26% 88.84 IE_TSY CREDIT 32,454 78,270 336.92 476.63 198.63 0.21% (127.62) IT_TSY CREDIT 8,509 54,986 1,616.07 1,866.15 59.62 0.26% (237.28) NL_TSY CREDIT 4,144 82,865 1,330.92 1,397.48 19.20 0.26% 61.06 ES_TSY CREDIT 11,071 50,187 392.28 478.82 90.18 0.24% (98.35) DK_TSY CREDIT 3,454 67,396 729.23 766.60 17.02 0.30% (9.24) NO_TSY CREDIT 60 50,177 349.03 349.45 0.44 0.27% 128.27 PL_TSY CREDIT 1,407 35,151 429.04 446.22 16.29 0.25% 24.60 ZA_TSY CREDIT 174 20,844 86.29 87.01 1.34 0.62% 50.85 SE_TSY CREDIT (275) (44,333) 464.03 466.91 .2.08 0.30% 87.58 CH_TSY CREDIT 3,241 69,857 1,008.64 1,055.44 18.50 0.25% (55.37) GELTSY CREDIT 2,579 89,647 1,507.67 1,551.05 11.87 0.24% (96.23) EFTA00614832