portfolio statement - northern trust · portfolio statement report guide northern trust expands the...

P O R T F O L I O S T A T E M E N T

R e p o r t G u i d e

PORTFOL IO S TATEMENTREPORT GU IDE

Northern Trust expands the concept of

information delivery with Management Reporting,

a refined approach to delivering comprehensive

portfolio information.

The Portfolio Statement is the core of Management

Reporting. A succinct package of reports, the

Portfolio Statement is a complete reference to

your asset and transaction information where

income is reflected on an accrual basis and

security purchases and sales are recognized

as of trade date. Reports are identified by a

recognized portfolio activity, such as investments,

income and expense or foreign exchange.

Northern Trust developed the Portfolio Statement

through a collaborative effort with clients and

accounting experts. Information in the Portfolio

Statement starts at the summary level and then

follows with detailed holdings and transactions.

This flow of information enables individuals with

different data requirements within your organization

to find the reports they need — quickly and easily.

| NOR TH E RN T RU S T

T A B L E O F CON T E N T S

COVER PAGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CHANGE IN BOOK AND MARKET VALUE . . . . . . . . . . . . . . . . . . . . . . . . . . .

CHANGE IN CASH VALUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ASSET SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ASSET DETAIL – BASE CURRENCY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .-

INVESTMENT TRANSACTION SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . .

INVESTMENT TRANSACTION DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . .-

INVESTMENT TRANSACTION COST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PENDING TRANSACTION DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

INCOME & EXPENSE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

INCOME & EXPENSE DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FUNDING & DISBURSEMENT SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . .

FUNDING & DISBURSEMENT DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CAPITAL CHANGE DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CASH ACTIVIT Y DETAIL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BROKER COMMISSION BY BROKER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BROKER COMMISSION BY MANAGER . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

MANAGER MIX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

MARKET RECONCIL IATION BY ACCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . .

PENDING TRAN DETAIL W/ ACCRUED INTEREST . . . . . . . . . . . . . . . . . . . .

REALIZED GAIN/LOSS SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

STIF RECONCIL IATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TOP 10 EQUITY HOLDINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NOR TH E RN T RU S T |

COV E R PAG E

This page provides general client and

account information and lists the reports

provided for the reporting period.

■A Denotes reporting period.

■B Denotes reports included in the

Portfolio Statement.

■C Denotes Account Name, AccountNumber, and recipient name and

address.

■D Date report was generated.

■E This statement is derived from

Section (d)(2)(iv) of Reg H of the

Federal Reserve Board Regulations,

which sets forth certain recordkeeping

and notification requirements

for state member banks who effect

securities transactions for customers.

Portfolio Statement ACCOUNT NUMBER ABC01

1 JAN XX - 31 JAN XX

Northern=ust *Generated by Northern Trust from periodic data on 31 Jan XX

ContentsChange in Book and Market Value

Change in Cash Value

Asset Summary

Asset Detail-Base Currency

Investment Transaction Summary

Investment Transaction Detail

Pending Transactions Detail

Income & Expense Summary

Income & Expense Detail

Funding & Disbursement Summary

Funding & Disbursement Detail

Capital Change Detail

Cash Activity Detail

Broker Commission by Broker

Broker Commission by Manager

Manager Mix

Market Reconciliation by Account

Pending Tran Detail w/ Accrued Interest

Realized Gain/Loss Summary

Top 10 Equity Holdings

STIF Reconciliation

Account NameABC Corporation

Account NumberABC01

A federal regulation allows certain clients to request

Information regarding the time of day that investment

activity occurred in their accounts. If you require such

information, please call your Relationship Manager

Questions?If you have any questions about this report, call your

Northern Trust account administrator.

Mr. Anthony B. Clark

ABC Corporation

500 East Monroe

Chicago, IL 60606-0004

■B

■C

■D

■E

■A


C H ANG E I N B OO K A N D M A R K E T VA L U E

This report provides a reconciliation

of the portfolio’s cost and market values

between the previous and the current

reporting periods. The report also refers

the reader to additional schedules for

more detailed information.

■A Summary descriptions of activity

affecting the portfolio’s cost and

market value for the reporting period.

■B Beginning and ending Cost value of the portfolio and the

summary amounts affecting cost.

■C Denotes beginning and ending

Market Value of the portfolio and a summary of activity affecting

market value.

■D Summary schedules that can

be referenced For More Information on the activity during the reporting period.

Change in Book and Market ValueCost Market Value For more information

Opening balance 2,001,300,300.53 2,160,500,398.70

Sponsor Contributions 419,212.99 419,212.99 See funding & disbursement summary

Interportfolio transfers in 19,000,199.50 19,000,199.50 See funding & disbursement summary

Benefit payment redeposits 29,812.25 29,812.25 See funding & disbursement summary

Total Receipts 19,449,224.74 19,449,224.74 See funding & disbursement summary

Interportfolio transfers out -19,000,199.50 - 19,000,199.50 See funding & disbursement summary

Benefit payments -14,952,166.63 - 14,952,166.63 See funding & disbursement summary

Total Disbursements -33,952,366.13 -33,952,366.13 See funding & disbursement summary

Income received 5,145,545.24 5,145,545.24 See income & expense summary

Expenses paid -335,939.80 - 335,939.80 See income & expense summary

Unrealized gain/loss change 0.00 -35,593,177.31 See asset summary

Realized gain/loss -2,347,417.20 -2,347,417.20 See realized gain/loss summary

Accrued income change 996,270.25 996,270.25 See income & expense summary

Closing balance 1,990,255,626.63 2,113,862,547.49


1 DEC XX – 31 DEC XX


■B■A ■C ■D


C H ANG E I N C A S H VA L U E


1 DEC XX–31 DEC XX


This report reconciles the cost and market

value of cash balances between the previous

and current reporting periods. The report

also refers the reader to additional schedules

for more detailed information.

■A Summary descriptions of activity

that affected the cost and market

value of cash balances during the

reporting period.

■B Beginning and ending Market Valueof the cash balance, and the summary

of activity affecting market value.

■C Beginning and ending Cost value of the cash balance, and the summary

amounts of activity impacting cost.

This is accounted for using one of

two methods: 1) Maintaining the

original cost of cash and realizing a

gain or loss only when cash is disbursed.

This method will result in differing

cost and market values since market

value will fluctuate as the exchange

rates of the client’s nonbase currency

cash balances change. A fluctuation in

nonbase currency market value will

result in an unrealized gain or loss

reported in the CHANGE IN BOOK

AND MARKET VALUE report.

2) Setting cost equal to market value by

periodically revaluating cash cost and

market value. This method will result

in a realized gain or loss each period.

This gain or loss measures the change

in value of cash balances due to the

fluctuations in exchange rates. The

realized gain or loss in the client’s non-

base currency will be reported in the

CHANGE IN BOOK AND MARKET

VALUE REPORT.

■D Summary schedules that can be refer-

enced For More Information on theactivity for the reporting period.

Change in Cash ValueMarket Value Cost For more information

Opening balance 42,184,503.22 42,184,503.22

Miscellaneous cash receipts -580,787.01 -580,787.01 See funding & disbursement summary

Inter-portfolio transfers in 19,000,199.50 19,000,199.50 See funding & disbursement summary

Benefit payment redeposits 29,812.25 29,812.25 See funding & disbursement summary

Total Receipts 18,449,224.74 18,449,224.74 See funding & disbursement summary

Benefit payments -14,952,166.63 -14,952,166.63 See funding & disbursement summary

Inter-portfolio transfers out -19,000,199.50 -19,000,199.50 See funding & disbursement summary

Total Disbursements -33,952,366.13 -33,952,366.13 See funding & disbursement summary

Income received 4,292,837.35 4,292,837.35 See income & expense summary

Expenses paid -335,930.80 -335,930.80 See income & expense summary

Capital changes 13,010.17 13,010.17 See capital changes detail

Foreign currency bought 7,223,777.15 7,223,777.15 See foreign exchange summary

Foreign currency sold -7,223,777.15 -7,223,77.15 See foreign exchange summary

Realized gain/loss -108,392.35 -108,392.35 See foreign exchange, investment transaction,funding and disbursement, and capital change templates

Mark-to-markets -775,609.07 -775,609.07 See investment transaction summary

Securities bought -630,457,964.25 -630,457,964.25 See investment transaction summary

Securities sold 624,020,932.76 624,020,932.76 See investment transaction summary

Principal paydowns 1,213,526.02 1.213,526.02 See investment transaction summary

Intra portfolio transfer 0.00 0.00

Closing balance 30,543,771.66 30,543,771.66

■A ■B ■C ■D


A S S E T S UMMA R Y

This report summarizes the portfolio’s total

market value, including accruals, as of the

reporting date. It is sorted by asset type and

country. Totals are provided for each asset

type and for the portfolio.

■A Denotes asset category.

■B Denotes asset subcategory.

■C Denotes country of risk within the

asset type.

■D Denotes net Accrued Income orExpense within the country as of the reporting date.

■E Denotes Market Value of the securities within each country as

of the reporting date.

■F Cost represents the base cost amount

of the securities held in this country.

■G Unrealized Gain or Loss Due toMarket summarizes the change in the

securities’ value due to the change in

market prices from the purchase date

to the reporting date.

■H Unrealized Gain or Loss Due toTranslation summarizes the change in

the securities’ value due to the change

in exchange rates from the purchase

date to the reporting date.

■I Total Unrealized Gain or Lossmeasures the change in the securities’

value from purchase date to reporting

date. Unrealized Gain or Loss is

calculated as the Market Value minus

Cost, or as the Unrealized Gain orLoss Due to Market plus UnrealizedGain or Loss Due to Translation.

■J Total Market Value IncludingAccruals is calculated as MarketValue plus Accrued Income orExpense.

■K Percentage is the market value

including accruals expressed as a

percentage of the total portfolio value.

The percentage is calculated as TotalMarket Value Plus Accruals dividedby the total market value plus accruals

of the portfolio.


31 DEC XX


Asset SummaryAccrued Unrealized gain/loss Market value

Country Income/expense Market Value Cost Market Translation Total Incl. accurate %

EquitiesRights/warrantsFrance-EUR 0.00 366.16 0.00 366.16 0.00 366.16 366.16 0.000%

Portugal-EUR 0.00 34,283.61 0.00 34,283.61 0.00 34,283.61 34,283.61 0.001%

Spain-EUR 0.00 3,083.40 0.00 3,083.40 0.00 3,083.40 3,083.40 0.000%

Total rights/warrants 0.00 37,733.17 0.00 37,733.17 0.0 37,733.17 37,733.17 0.001%Total equities 664,889.63 1,970,006,991.15 1,803,470,624.77 202,517,493.76 -35,981,207.38 166,536,286.38 1,970,671,800.78 63.084%

Fixed IncomeGovernment bondsBrazil-USD 22,045.73 750,750.00 793,213.50 -42,463.50 0.00 -42,463.50 772,795.73 0.025%

Canada-USD 195,564.33 8,325,57.60 8,883,105.90 -557,448.30 0.00 -557,448.30 8,521,221.93 0.273%

Columbia-USD 23,049.33 815,750.00 968,293.00 -152,543.00 0.00 -152,543.00 838,799.33 0.027%

Mexico-USD 15,994.50 791,017.50 811,875.00 -20,857.50 0.00 -20,857.50 807,012.00 0.026%

Philippines-USD 7,835.79 0.00 0.00 0.00 0.00 0.00 7,835.79 0.000%

United States-USD 317,821.78 50,557,192.49 49,363,230.47 1,193,962.02 0.00 1,193,962.02 50,875,014.27 1.629%

Total government bonds 582,311.45 61,240,367.59 60,819,717.87 420,649.72 0.00 420,469.72 61,822,679.04 1.979%

Government agenciesUnited States-USD 2,223,590,83 286,911,460.48 291,950.064.64 -5,038,604.16 0.00 -5,038,604.16 289,135,051.31 9.256%

Total government agencies 2,223,590,83 286,911,460.48 291,950.064.64 -5,038,604.16 0.00 -5,038,604.16 289,135,051.31 9.256%

Corporate bondsArgentina-USD 13,839.42 729,850.00 855,492.65 -125,642.65 0.00 -125,642.65 743,689.42 0.024%

Australia-USD 28,500.00 627,950.00 750,500.00 -122,550.00 0.00 -122,550.00 656,450.00 0.021%

Cayman Islands-USD 35,552.14 2,726,986.05 2,991,607.48 -264,621.43 0.00 -264,621.43 2,762,538.19 0.088%

Japan-USD 13,065.50 3,547,670.00 3,496,850.00 50,820.00 0.00 50,820.00 3,560,735.50 0.114%

Mexico-USD 7,356.25 909,500.00 977,400.00 -67,900.00 0.00 -67,900.00 916,856.25 0.029%

■D

■A■B■C

■E ■F ■G ■H ■I ■J ■K


A S S E T D E TA I L — B A S E C U R R E N C Y

This schedule details all holdings and their

values as of the reporting date. Reported on

a trade date basis, holdings are adjusted for

pending purchases and sales. The report is

sorted by asset type, subasset type, country

of incorporation, country pricing currency,

alphabetical and country order. Totals are

provided for each country’s pricing currency,

each country, each asset type, and for the

entire portfolio.

■A Denotes asset category.

■B Denotes asset subcategory.

■C Denotes country of risk followed

by the pricing currency symbol.

■D Denotes Description, Asset IDand the Shares or Par Value of the security.

■E Local Market Price: To report a market value for most financial instru-

ments, Northern Trust first utilizes listed

market prices, if available. If listed

market prices are not available, the

price utilized on your accounting state-

ment may be from a counterparty or

an investment manager.

■F Net Accrued Income or Expense iscalculated as gross accrued income

minus unrecoverable taxes minus

expenses.

■G Base Market Value is calculated as(Shares or Par multiplied by LocalMarket Price) divided by the exchangerates as of the reporting date. Refer to

the FOREIGN EXCHANGE RATES TO BASE

CURRENCY report for exchange rates.

■H Cost represents the base cost amount

of the security calculated as local cur-

rency cost divided by the exchange rate

as of trade date minus one day.


1 JAN XX – 31 JAN XX


Asset Detail – Base CurrencyDescription/Asset ID Accrued Unrealized gain/loss

Shares/PAR value Local market price Income/expense Market value Cost Market Translation Total

Fixed IncomeGovernment bondsPhilippines-USDPHILIPPINES REP GLOBAL BD DTD 03/16/20xx 10.625 DUE 03-16-20XX CUSIP: 718286AB1

0.00 76.00 7,835.79 0.00 0.00 0.00 0.00 0.00

Total USD 7,835.79 0.00 0.00 0.00 0.00 0.00

Total Philippines 7,835.79 0.00 0.00 0.00 0.00 0.00

United States-USDU.S. TREAS INFLATION INDEX 3.625 NT DUE 04-15-20XX CUSIP: 912810AB2

8,200,000.00 102,569.24 14,817.40 8,410,677.68 8,084,945.06 325,732.62 0.00 325,732.62

US TREAS INFLATION INDEX 3.875 NT DUE 04-15-20XX CUSIP: 912810AB3

3,275,00.000 1,054,449.41 6,225.78 3.453,321.81 3,266,347.12 186,974.69 0.00 186,974.69

US TREAS NTS 6.25 DUE 02-28-20XX CUSIP: 912827AB5

15,000,000.000 100,068 160,560.00 15,010,200.00 14,892,187.50 118,012.50 0.00 118,012.50

US TREAS NTS 6.25 DUE 04-30-20XX CUSIP: 912827AB6

12,000,000.000 99.953 2,064.00 11,994,360.00 12,017,812.50 -23,452.50 0.00 -23,452.50

US TREAS NTS INFLATION INDEX 3.875 DUE 01-15-20XX CUSIP: 912827AB4

11,100,.000.000 105.303 134,154.60 11,688,633.00 11,101,938.29 586,694.71 0.00 586,694.71

Total USD 317,821.78 50,557,192.49 1,193,962.02 1,193,962.02 0.00 49,363,230.47

Total United States 317,821.78 50,557,192.49 49,363,230.47 1,193,962.02 0.00 1,193,962.02

Total government bonds60,325,000.000 582,311.45 61,240,367.59 60,819,717.87 420,649.72 0.00 420,649.72

Government agenciesUnited States-USDFHLMC DEB DTD 11/22/19XX 6.75 09-15-20XX CUSIP: 3134A3AB7

7,500,000.000 99.637 64,687.50 7,472,775.00 7,559,700.00 -86,925.00 0.00 -86,925.00

continued on the next page

■B■A

■C

■D ■E ■F ■G ■H ■K■J■I

■I Unrealized Gain or Loss Due toMarket is the change in the security’svalue due to changes in the market

price from the purchase date to the

reporting date. It is calculated as

(market value in local currency minus

cost in local currency) divided by the

exchange rate as of reporting date.

■J Unrealized Gain or Loss Due toTranslation is the change in the security’s value due to changes in the

exchange rate from the purchase date

to the reporting date. It is calculated as

(cost in local currency divided by the

exchange rate as of reporting date)

minus the cost in base currency.

■K Total Unrealized Gain or Loss isthe change in the security’s value from

the purchase date to the reporting

date. It is calculated as Market Valueminus Cost or as Unrealized Gainor Loss Due to Market plus theUnrealized Gain or Loss Due to Translation.

Notes:

1. Northern Trust categorizes certain

securities based on investment per-

formance needs rather than accounting

requirements. This categorization

difference should be considered when

preparing your financial reports.

2. Northern Trust does not provide

hedge accounting.

3. Futures contract valuations:

Exploded Value: Northern Trust’s statements reflect an exploded value

of a futures contract (calculated by

using the number of contracts times

the closing price as of the reporting

date times the appropriate multiplier)

as an asset with an offsetting liability

(or a liability with an offsetting asset).

The “exploded value” is not needed for

SFAS 133 effectiveness measurement

or reporting purposes. As a result, these

values net out to zero in Northern

Trust’s Asset Detail report.

Fair Value of Futures Contracts: The fair value of a futures contract

is represented by the change in open

trade equity between the reporting

date and the previous business date

since futures contracts are marked to

market daily. In Northern Trust’s

month-end Management Reporting

statements, the futures contract’s fair

value is represented by the last day of

the month’s mark-to-market and can

be found on the month-end Investment

Transaction Detail report.

4. Northern Trust does not bifurcate

embedded derivative instruments and

value them separately on the Asset

Detail Report.

5. Securities lending collateral values

needed for your financial reporting

purposes can be obtained from your

securities lending reports. This infor-

mation is generally not included in

the Asset Detail report.



I N V E S TM EN T T R A N S AC T I ON S UMMA R Y

This report summarizes all purchases, sales,

mark-to-markets, and currency revaluation

gains or losses that occurred during the

reporting period. Transactions are reported

on a trade date basis. The report is sorted

by transaction type and asset type. Totals

are provided for each transaction and for all

transaction types.

■A Denotes type of transaction.

■B Denotes asset category.

■C Denotes asset subcategory.

■D Transaction Amount is the total cost or proceeds for transactions of

the asset type.

■E Cost represents the base cost amount

of the securities transacted in this asset

type calculated as local currency cost

divided by the exchange rate as of

trade date minus one day.

■F Realized Gain or Loss Due toMarket summarizes the change in

the securities market price from the

purchase date to the sale trade date.

■G Realized Gain or Loss Due toTranslation summarizes the change

in the securities local currency value

versus the client’s base currency value

from the purchase date to the sale

trade date.

■H Total Realized Gain or Loss is the Realized Gain or Loss Due to Market plus the Realized Gain or Loss Due to Translation as of the reporting date.


01 SEP XX — 30 SEP XX

Northern=ust *Generated by Northern Trust from periodic data on 25 Oct XX

■B■A

■C

■D ■E ■F ■G ■HInvestment Transaction Summary

Custodial

Thevalue totals

A Risk category RepresentsB Accrued income/expense RepresentsC Market Value representsD Cost Represents


I N V E S TM EN T T R A N S AC T I ON D E TA I L

This schedule details information for all

purchases, sales, mark-to-market, and

currency revaluation gains or losses that

occurred during the reporting period.

Transactions are reported on a trade date

basis. The report is sorted by transaction

type, asset type, country of incorporation,

pricing currency, trade date, and settlement

date. Totals are provided for each pricing

currency, each country, each transaction

type, and for all transaction types.

Please see next page for explanation.


1 DEC XX – 31 DEC XX


Investment Transaction DetailTrade date Security descriptionSettle date Asset ID Shares/PAR Transaction Realized gain/lossTrade status Broker/Commission Price Amount Cost Market Translation Total

Principal PaydownsFixed IncomeCorporate bondsCayman Islands-USD31 Dec XX ABC PUR CO II SR SECD NT SER A 144A 10.73 -29,801.31 29,801.31 -29,801.31 0.00 0.00 0.0031 Dec XX DUE 07-31-20XX BEO 0.00Settled CUSIP: 67788AAB1Total Cayman Islands-USD 29,801.31 -29,801.31 0.00 0.00 0.00United States-USD2 Dec XX ABC WORLD FINL PPTYS TOWER 8 FIN CORP -4,214.94 4,316.55 -4,316.550 101.61 0.00 101.612 Dec XX SER 19XX WFP-B 6.91 PASS THRU CTF 0-1-XX 0.00Settled CUSIP: 981468ABLTotal United States-USD -4,214.94 101.60 0.00 101.61 4,316.55Total corporate bonds -34,016.25 101.61 0.00 101.60 34,117.86Government mortgage backed securitiesUnited States-USD16 Dec XX FHLMC GOLD E62407 6.5 05-01-20XX -119,898.160 119,898.16 -121,621.70 -1,723.54 0.00 -1,723.5416 Dec XX CUSIP: 31280GAB3 0.00Settled16 Dec XX FHLMC GROUP G109116 12-01-XX -81,424.000 81,424.00 -81,761.14 -337.14 0.00 -337.1416 Dec XX CUSIP: 31283KAB4 0.00Settled16 Dec XX GNMA POOL #781026 SER 2008 8 DUE 05-15-20XX RE -138,683.480 138,683.48 -142,843.98 -4,160.50 0.00 -4,160.5016 Dec XX CUSIP: 36225BAB5 0.00Settled16 Dec XX GNMA POOL #781171 SER 20XX 7.95 DUE 09-15-20XX -74,199.130 74,199.13 -74,535.34 336.21 0.00 -336.2116 Dec XX REG 0.00Settled CUSIP: 36225BAB625 Dec XX FNMA POOL #073449 6.85 DUE 04-01 20XX REG -4,946.060 4,946.06 -4,812.94 133.12 0.00 133.1225 Dec XX CUSIP: 31362WAB7 0.00Settled

■A

■F ■G ■H ■I ■J ■K

■D

■E

■B■C





■D Denotes country of risk followed by

the pricing currency symbol.

■E Denotes Trade Date, SettlementDate, Security Description, Asset ID, Broker and BrokerCommission.

■F Denotes Shares or Par Value andlocal market Price.

■G Transaction Amount is the proceedsfrom a sale or the cost of a purchase.

■H Cost represents the base cost amount

of the security in this country calculated

as local currency cost divided by the

exchange rate as of trade date minus

one day.

■I Realized Gain or Loss Due toMarket is the change in the security’sbase market value from the purchase

date to the sale date. It is calculated as

proceeds in local currency minus book

value in local currency divided by the

exchange rate as of trade date minus

one day.

■J Realized Gain or Loss Due toTranslation is the change in the security’s market value in local curren-

cy versus the client’s base currency. It

is calculated as book value in local

currency divided by the exchange rate

as of trade date minus one day minus

book value in base currency.

■K Total Realized Gain or Loss is the Realized Gain or Loss Due toMarket plus the Realized Gain orLoss Due to Translation for thereporting period.

Notes:

1. Futures commissions are separately

reported in the Investment

Transaction Detail.


I N V E S TM EN T T R A N S AC T I ON CO S T

This report summarizes transaction costs

related to all purchases and sales that

occurred during the reporting period.

Transactions are reported on a trade-

dated basis, and include the trade-related

expenses. The report is sorted by transaction

type, asset type, country of incorporation,

pricing currency and trade date. The report

provides totals for these transaction costs

by supercategory, subcategory and overall

portfolio-level information.




■D Denotes country of risk followed

by the pricing currency symbol.

■E This column provides the TradeDate and the Settlement Datefor the transaction.

■F This column shows the SecurityDescription, its Asset ID, the Brokerand the Broker Commission.

■G Transaction Amount shows the proceeds from a sale or the cost of

a purchase.

■H Denotes the Broker Commissionapplicable to the transaction.

■I Denotes the Other Charges associatedwith the transaction.

■J Denotes the Taxes associated with the transaction.

■K The Total Transaction Cost is thesum of broker commissions, other

charges and taxes associated with

the transaction.

■L Total transactions provides an overallportfolio total of the transaction costs

incurred during the reporting period.


01 JAN XX – 31 JAN XX

Investment Transaction Cost

Northern=ust *Generated by Northern Trust from reviewed periodic data on 31 Jan XX

■B■A

■C■D

■E■F

■G ■H ■I ■J ■K

■L

xxxx

xxxx


P E N D I N G T R A N S AC T I ON D E TA I L


31 DEC XX


Pending Transaction DetailAmount Pending

Trade date/ Security description Base Base Local

Settle date Country Trade Status Asset ID Shares/PAR Market Cost Cost

PurchasesUNITED STATES DOLLARSFixed IncomeCorporate bonds30 Dec XX United States Cash pending AMERN GEN CORP NT 7.5 DUE 08-11-2099BEO 1,275,000.00 -1,275,392.70 -1,275,392.70 -1,275,392.70

CUSIP: 026351AB12 Jan XX Shares not delivered31 Dec XX United States Cash pending KROGER CO SR NT SER B DTD 06/25/1999 7.7DUE 930,000.00 -868,108.50 -868,108.50 -868,108.50

06-01-2029 BED3 Jan XX Shares not delivered CUSIP: 501044AB2Total corporate bonds -2,143,501.20 -2,143,501.20 -2,143,501.20Total fixed income - 11,644,997.66 11,644,997.66 11,644,997.66Cash and Cash EquivalentsShort term investment funds31 Dec XX United States CF BARCLAYS MONEY MKT FD 1.00 -1.00 -1.00 -1.00

CUSIP: 066459AB38 Jan XX Shares not deliveredTotal short term investment funds -1.00 -1.00 -1.00Total cash and cash equivalents -1.00 -1.00 -1.00Total UNITED STATES DOLLARS -19,261,903.71 -19,261,903.71 -19,261,903.71Total purchases -22,717,851.79 -22,716,445.15

SalesEuroEquitiesCommon stock27 Dec XX France Cash pending CAP GEMINI EURB -1,910.00 307,282.97 300,520.12 362,532.45

SEDOL: 41634481 Jan XX Shares not deliveredTotal common stock 307,282.97 300,520.12 362,532.45Total equities 307,282.97 300,520.12 362,532.45Total Euro 307,282.97 300,520.12 362,532.45

This schedule details information for all

pending transactions as of the reporting

date. Transactions are reported on a

trade date basis. The report is sorted by

transaction type, asset type, country of

incorporation, pricing currency, trade

date and settlement date. Totals are

provided for each pricing currency, each

country, each transaction type and for

all transaction types.

■A Denotes type of transaction pending.

■B Denotes settlement currency of

pending transaction.

■C Denotes asset category.

■D Denotes asset subcategory.

■E Denotes Trade Date, SettlementDate, and Country of risk.

■F Denotes Trade Status of pending transaction.

■G Denotes Security Description and Asset ID of the pending security.

■H Denotes number of Shares or ParValue of the pending transaction.

■I For security transactions, BaseMarket is (Shares or Par multiplied

by local market price) divided by the

exchange rate as of the reporting date.

Otherwise, the Base Market is calcu-lated as local currency amount divided

by the exchange rate as of reporting

date. Refer to the FOREIGN EXCHANGE

RATES TO BASE CURRENCY report for

exchange rates.

■J Base Currency Cost is the local currency cost divided by the exchange

rate as of the trade date minus one day.

■K Denotes Local Currency Cost of thetransaction pending settlement.

■B■A

■C■D

■E ■F ■G ■H ■I ■J ■K


I N COM E & E X P E N S E S UMMA R Y

This report summarizes income and

expense accruals, income and expense

receipts, expense disbursements, taxes

recoverable, and taxes reclaimed during

the reporting period. The report is sorted

by asset type within the income and

expense categories. Totals are provided

for income and expense categories.

■A Denotes income or expense category.



■D Denotes Receivable or Payabledue the last reporting period.

■E Denotes Receivable or Payabledue this reporting period.

■F Denotes Amount Received or Paidduring this period.

■G Denotes Tax Recoverable as of the Last Period.

■H Denotes Tax Recoverable as of This Period.

■I Denotes Tax Reclaims Received this period.

■J Denotes Earned Income, ExpensesRecognized during this reportingperiod. Earned Income is calculated as Receivables This Period plusAmount Received plus TaxesRecoverable This Period plus TaxReclaims Receivedminus ReceivableLast Period plus Taxes RecoverableLast Period. Expenses Recognized iscalculated as Payable This Period plusAmount Paidminus Payables LastPeriod.


1 DEC – 31 DEC XX


Income & Expense SummaryReceivables Receivables Tax recoverable Tax recoverable Tax reclaims

Type last period this period Amount received last period this period received Earned Income

IncomeEquitiesCommon stock 1,065,087.64 664,889.63 -323,890.98 259,331.27 256,707.30 3,851.68 -722,861.29

Preferred stock 968.72 0.00 1,093.58 113.47 108.99 0.00 120.38

Total equities 1,066,056.36 664,889.63 -322,797.40 259,444.74 256,816.29 3,851.68 -722,740.91

Fixed incomeGovernment bonds 898,996.86 582,311.45 624,367.48 0.00 0.00 0.00 307,682.07

Government agencies 502,220.33 2,223,590.83 -71,402.95 0.00 0.00 0.00 1,649,967.55

Corporate bonds 5,593,190.19 5,455,692.78 3,861,669.53 0.00 0.00 0.00 3,724,172.12

Government mortgage backed securities 754,040.39 748,673.25 754,040.41 0.00 0.00 0.00 748,673.27

Asset backed securities 58,883.82 139,856.26 20,572.29 0.00 0.00 0.00 101,544.73

Non-government backed c.m.o.s 57,354.57 61,523.03 45,757.55 0.00 0.00 0.00 49,926.01

Total fixed income 7,864,686.16 9,211,647.60 5,235,004.31 0.00 0.00 0.00 6,581,965.75

Other assetsMiscellaneous 0.00 0.00 81,550.62 0.00 0.00 0.00 81,550.62

Total other assets 0.00 0.00 81,550.62 0.00 0.00 0.00 81,550.62

Cash and cash equivalentsShort term investment funds 116,707.24 164,322.04 114,701.57 0.00 0.00 0.00 162,316.37

Cash 34,448.43 39,937.63 33,234.46 0.00 0.00 0.00 38,723.66

Total cash and cash equivalents 151,155.67 204259.67 147,936.03 0.00 0.00 0.00 201,040.03Total income 9,081,898.19 10,080,796.89 5,141,693.56 259,444.74 256,816.29 3,851.68 6,141,815.49

■D ■E ■F ■G ■H ■I ■J

■B■C

■A


I N COM E & E X P E N S E D E TA I L

This schedule details information of income

and expense accruals, income receipts,

expense disbursements, taxes recoverable,

taxes unrecoverable, and taxes reclaimed

during the reporting period. The report is

sorted by asset type, payment currency and

security description within the income and

expense categories. Totals are provided for

each category.

■A Denotes income or expense category.

■B Denotes country of risk and the pric-

ing currency symbol.

■C Denotes Security Description, Asset

ID, ex date, and payable date of the

transaction.

■D Number of Shares or Par and Rateused to calculate gross amount of

income. The rate is reported in the

local currency. For United Kingdom

dividends, the net rate is provided.

■E Gross Amount is calculated asShares or Par multiplied by the

Rate divided by the exchange rate.

■F Amount of Tax Recoverable on the tax withheld from the gross amount.

■G Amount of Tax Withheld on the gross amount.

■H Net Amount of income received or

receivable and the Net Amount of Tax Recoverable or Tax Reclaimed.

■I Denotes Transaction Type.


1 DEC XX — 31 DEC XX


Income & Expense Detail – Base CurrencyDescription RateAsset ID / Dates Shares/PAR Gross amount Tax recoverable Tax withheld Net amount Transaction type

IncomeEquitiesCommon stockAustria - EURRHI AG NPV .00 28.13 0.00 0.00 28.13 Tax reclaims received

0.000SEDOL: 4719920 Pay date: 30 MAY XX / Pay date: 14 AUG XXBelgium - EURCOLRUYT SA NPV (POST SPLIT) .72 741.83 0.00 0.00 741.83 Received this period

1,179.000SEDOL: 5806220 Ex date: 12 OCT XX / Pay date: 12 OCT XXBermuda - USDTYCO INTL LTD NEW COM .0125 100.00 0.00 0.00 100.00 Receivable last period

8,000.000CUSIP: 902124120 Ex date: 29 SEP XX / Pay date: 01 NOV XXTYCO INTL LTD NEW COM .0125 1,850.00 0.00 0.00 1,850.00 Receivable last period

148,000.000CUSIP: 902124120 Ex date: 29 SEP XX / Pay date: 01 NOV XXTYCO INTL LTD NEW COM .0125 1,826.25 0.00 0.00 1,826.25 Receivable this period

146,100.000CUSIP: 902124120 Ex date: 29 SEP XX / Pay date: 01 NOV XXTYCO INTL LTD NEW COM .0125 100.00 0.00 0.00 100.00 Receivable this period

8,000.000CUSIP: 902124120 Ex date: 29 SEP XX / Pay date: 01 NOV XXCanada - CADCDN NATL RAILWAYS COM NPV .00 470.26 0.00 0.00 470.26 Tax recoverable last period

0.000SEDOL: 2180620 Pay date: 30 DEC XX / Pay date: 29 FEB XXCDN NATL RAILWAYS COM NPV .00 493.49 0.00 0.00 493.49 Tax recoverable last period

0.000SEDOL: 2180620 Pay date: 29 JUN XX /Pay date: 29 FEB XXCON NATL RAILWAYS COM NPV .00 571.25 0.00 0.00 571.25 Tax recoverable last period

0.000SEDOL: 2180620 Pay date: 25 MAR XX / Pay date: 29 FEB XXCON NATL RAILWAYS COM NPV .00 491.39 0.00 0.00 491.39 Tax recoverable last period

0.000SEDOL: 2180620 Pay date: 30 DEC XX / Pay date: 03 MAY XXOSHAWA GROUP LTD CL A COM .00 1,094.24 0.00 0.00 1,094.24 Tax recoverable last period

0.000SEDOL: 2663320 Pay date: 10 JUN XX / Pay date: 29 FEB XX

■D

■A

■B

■C

■E ■F ■H ■I■G


F U N D I N G & D I S B U R S EM EN T S UMMA R Y

This report summarizes all non-trade,

non-income, and non-capital change

transactions such as security deliveries

or cash receipts that occurred during the

reporting period. The report is sorted by

transaction type. Totals are provided for

funding and disbursement transactions.

■A Denotes Asset Category.

■B Denotes Receipts of cash during the period.

■C Denotes Disbursements of cash during the period.

■D Market Value represents the totalmarket value of all securities received or

delivered during the reporting period.

■E Cost represents the total book value of all securities received or delivered

during the reporting period.

■F Transaction Amount of non-security transactions received or

disbursed during the reporting period.

■G Realized Gain or Loss Due toMarket is the change in the securities’base market value from the purchase

date to the disbursement date.

■H Realized Gain or Loss Due toTranslation is the change in the secu-rities’ market value in local currency

versus the client’s base currency.

■I Total Realized Gain or Loss is the Realized Gain or Loss Due to Market plus the Realized Gainor Loss Due to Translation.




Funding & Disbursement SummaryTransaction amount Realized gain/loss

Transaction type Receipts Disbursements Market value Cost Cost on gain/loss Market Translation Total

Redeposit of Refunds 16,404.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Lump Sum Redeposits 3,863.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Lump Sum Payments 0.00 -7,144,234.46 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Intra Portfolio Transfers Out 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Intra Portfolio Transfers In 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Interportfolio Transfers Out 0.00 -19,000,199.50 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Interportfolio Transfers In 19,000,199.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Sponsor Contributions 419,212.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Benefit Payments 0.00 -7,807,932.17 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Benefit Payment Redeposits 9,544.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Total 19,449,224.74 -33,952,366.13 0.00 0.00 0.00 0.00 0.00 0.000.00

■D■C■B■A ■E ■F ■G ■H ■I


F U N D I NG & D I S B U R S EM EN T D E TA I L

This schedule details information of all non-

trade, nonincome, and noncapital change

transactions, such as security deliveries and

cash receipts, that occurred during the report-

ing period. The report is sorted by transaction

type, transaction date, and transaction or

security description. Totals are provided for

each transaction type and for all funding and

disbursement transactions.


■B Value Date is the date the funds aredebited or credited to the portfolio.

Entry Date is the date the transaction

was entered in Northern Trust’s

accounting system. Denotes Asset IDof the security.

■C A Security Description is provided ifa security was received or disbursed, or

a Transaction Description is provided

if cash was received or disbursed.

■D Market Value of the security receivedor delivered on the security transac-

tion.

■E Cost is the book value received or delivered on the security transaction.

■F Transaction Amount of the cashreceived or disbursed.

■G Realized Gain or Loss Due toMarket is the change in the security’sbase market value from the purchase

date to the disbursement date. It is cal-

culated as proceeds in local currency

minus book value in local currency

divided by the exchange rate as of

trade date minus one day.

■H Realized Gain or Loss Due toTranslation is the change in the secu-rity’s market value in local currency

versus the client’s base currency. It is

calculated as book value in local cur-

rency divided by the exchange rate as

of trade date minus one day minus

book value in base currency.

■I Total Realized Gain or Loss is the Realized Gain or Loss Due toMarket Value plus the RealizedGain or Loss Due to Translationfor the reporting period.


1 JAN XX — 31 JAN XX


Funding & Disbursement DetailRedeposit of RefundsValue dateEntry date Security description Realized gain/lossAsset ID Transaction description Market value Cost Transaction amount Market Translation Total6 Dec XX UNITED STATES DOLLARS 0.00 0.00 4,015.12 0.00 0.00 0.006 Dec XX

RECEIVED FROM XYZINSURANCE COMPANY REPRESENTINGREIMBURSEMENT OF BENEFITS FORABC TRUST ACCOUNTS.

6 Dec XX UNITED STATES DOLLARS 0.00 0.00 12,388.91 0.00 0.00 0.006 Dec XX

RECEIVED FROM VARIABLE ANNUITY LIFEREPRESENTING REIMBURSEMENT OFBENEFITS FOR ABC TRUST ACCOUNTS.

Total redeposit of refunds 0.00 0.00 16,404.03 0.00 0.00 0.00

Lump Sum RedepositsValue dateEntry date Security description —————Realized gain/loss————

Asset ID Transaction description Market value Cost Transaction amount Market Translation Total

23 Dec XX REDEPOSIT CHECK #123 DATED23 Dec XX ON BEHALF OF JOHN DOE

20XX-10-02 ABC PLAN 0.00 0.00 3,863.55 0.00 0.00 0.00Total lump sum redeposits 0.00 0.00 3,863.55 0.00 0.00 0.00

Lump Sum PaymentsValue dateEntry date Security description —————Realized gain/loss————

Asset ID Transaction description Market value Cost Transaction amount Market Translation Total2 Dec XX PAID JOHN DOE ABC 0.00 0.00 -310,597.50 0.00 0.00 0.002 Dec XX RETIREMENT PLAN2 Dec XX PAID JOHN DOE ABC 0.00 0.00 -5,473.95 0.00 0.00 0.002 Dec XX RETIREMENT PLAN2 Dec XX PAID JOHN DOE ABC 0.00 0.00 -6,816.18 0.00 0.00 0.002 Dec XX RETIREMENT PLAN

■B■A

■C ■D ■E ■F ■G ■H ■I


C A P I T A L C H ANG E D E TA I L

This schedule details the before and after

image of capital change transactions, such

as stock splits and stock dividends, that

occurred during the reporting period. The

report is sorted by asset type, country and

ex date. Totals are provided for each country,

each asset type and for all transactions.

■A Denotes asset type.

■B Denotes country of risk.

■C Denotes Ex Date of the capital change transaction.

■D Denotes Original SecurityDescription/Asset ID before the

capital change and the number of

Shares of the original security.

■E Denotes Original Cost of the original security.

■F Denotes capital Change Description.

■G Denotes Payment Amountrequired to complete the capital

change transaction.

■H Resulting Security Description andShares of the new security name.

■I Resulting Cost of the new security.

■J Realized Gain or Loss Due toMarket resulting from changes in

price and Realized Gain or LossDue to Translation resulting fromchanges in exchange rate.




Capital Change DetailEquitiesAustralia

Realized gain/lossOriginal security description / Asset ID Original Payment Resulting security description / Asset ID Resulting Market

Ex date Shares cost Change description amount Shares cost Translation23 Dec XX BHP LTD NPV SEDOL: 6144670 534,632.29 1.000 for 4.000 0.00 BHP LTD NPV SEDOL: 6144690 527,575.14 0.00

46,436.000 SEPARATION 46,436.000ONESTEEL NPV 7,057.15 0.00SEDOL: 629372911,609.000

30 Dec XX TELSTRA CORP INS RECIPPD AUD4.75 48,016.80 1.000 for 1.000 0.00 TELSTRA CORP INST RECEIPTS - NO 48,016.80 0.002/11/00 SEDOL: 6181970 EXCHANGE LOYALTY15,600.000 SEDOL: 603396W

15600.000 0.00Total Australia 582,649.09 0.00 582,649.09 0.00

0.00

BermudaRealized gain/loss

Original security description / Asset ID Original Payment Resulting security description / Asset ID Resulting MarketEx date Shares cost Change description amount Shares cost Translation19 Dec XX TYCO INTL LTD NEW COM CUSIP: 0.00 RECEIVED 2,627.52 0.00 TYCO INTL LTD NEW COM CUSIP: 124,968.90 0.00

902124120 PAR/SHARES IN EXCHANGE 902124120FOR 2,800.00 AT RATE OF 2,627.520 0.000.9384000000 FOR 1EFFECTIVE 10/17/XXSTOCK MERGER

19 Dec XX TYCO INTL LTD NEW COM CUSIP: 0.00 RECEIVED 2,533.68 0.00 TYCO INTL LTD NEW COM CUSIP: 123,441.75 0.00902124120 PAR/SHARES IN EXCHANGE 902124120

FOR 2,700.00 AT RATE OF 2,533.680 0.000.9384000000 FOR 1EFFECTIVE 10/17/XXSTOCK MERGER

19 Dec XX TYCO INTL LTD NEW COM CUSIP: 0.00 RECEIVED 6,287.28 0.00 TYCO INTL LTD NEW COM CUSIP: 220,714.75 0.00902124120 PAR/SHARES IN EXCHANGE 902124120

FOR 6,700.00 AT RATE OF 6,287.280 0.000.9384000000 FOR 1EFFECTIVE 10/17/XXSTOCK MERGER

Total Bermuda 0.00 0.00 469,125.40 0.000.00

■B■C

■D ■E ■F ■G ■H■A

■I ■J


ReportThis reportTotal com-The report

ReportThe report

DataA BrokerB AcountC TotalD Net BaseE Local com-F Base com-G CommissioH Percentage

C A S H AC T I V I T Y D E TA I L

This schedule reconciles beginning and

ending cash balances for all transactions

that affected cash during the reporting

period. This report is sorted by country

currency, value date, entry date and

transaction narrative.

■A Country currency and currency

symbol in which the transaction was

denominated.

■B Value Date is the date that funds are debited or credited to the portfolio.

Entry Date is the date the transaction

was entered into Northern Trust’s

accounting system.

■C Transaction Narrative/SecurityDescription describes the transactionand the security.

■D Local Receipt or Disbursementrepresents the amount of the

transaction in local currency.

■E Local Currency Balance remaining

after the receipt or disbursement trans-

action. This is calculated as LocalCurrency Balance from previous row

plus Local Receipt or Disbursementof current row.

■F Base Receipt or Disbursementis calculated as Local Receipt orDisbursement divided by theexchange rate as of Value Dateminus one day.

■G Base currency Balance remaining

after the receipt or disbursement trans-

action. This is calculated as Base fromprevious row plus Base Receipt orminus Disbursement of current row.


1 JAN XX — 31 JAN XX


Cash Activity DetailIncome cash - USDValue Date Transaction Narrative/ Local Receipt/ USD Base Receipt/

Entry Date Security Description Disbursement Balance Disbursement Balance

Beginning cash balance 178,844,799.99 178,844,799.99

2 Dec XX $0.01 A SHARE ON 18,700 SHARES EX DATE 09-13-XX, RECORD DATE 09-15-XX° 187.00 176,330,330.67 187.00 176,330,330.67

2 Dec XX PMT IN LIEU OF INCOME-SECURITY ON LOAN

ABC INDS INC COM CUSIP : 466210AB1

2 Dec XX $0.04 A SHARE ON 4,300 SHARES EX DATE 09-15-XX, RECORD DATE 09-19-XX 172.00 176,330,502.67 172.00 176,330,502.67

2 Dec XX PEPSI COLA ENTERPRISES INC COM CUSIP : 191219104


2 Dec XX XYZ CORP COM CUSIP : 745867000


2 Dec XX REORG PE CORP N/C APPLERA CORP-APPLIED BIOSYS GRP 2023356 @1

11/30/XX CUSIP : 69332SAB2


2 Dec XX MCKESSON HBOC INC COM CUSIP : 58155OAB3


2 Dec XX COASTAL CORP COM CUSIP : 190441AB4

2 Dec XX $0.07 A SHARE ON 1,900 SHARES EX DATE 09-20-XX, RECORD DATE 09-22-XX 133.00 176,331,804.67 - 133.00 176,331,804.67

2 Dec XX TOSCO CORP COM NEW CUSIP : 891490AB5

2 Dec XX $0.07 A S HARE ON 2,200 SHARES EX DATE 09-06-XX, RECORD DATE 09-08-XX 154.00 176,331,958.67 154.00 176,331,958.67

2 Dec XX PROGRESSIVE CORP OH COM CUSIP : 743315AB6


2 Dec XX TOSCO CORP COM NEW CUSIP : 891490AB7

■B

■A■C ■D ■F■E ■G


B R O K E R COMM I S S I ON B Y B RO K E R

This report displays commission totals for

each account in the consolidation over a

given period.

Total commissions paid are also shown on

a commission per share basis and as a

percentage of the total cost of the trade.

The report can be run for domestic and

global accounts or consolidations.

The report is broken down by broker,

account and country for each account

in the consolidation.

■A Clearing broker name.

■B Account number.

■C Total Shares held at that broker for the specified account.

■D Net Base Amount (cost).

■E Local Commission amount.

■F Base Commission amount.

■G Commission amount calculated perShare of the total shares held at the broker for the account/country.

■H Percentage of Cost = Commissiondivided by Net Base Amount.


1 MAY XX — 31 MAY XX


◆ Broker Commission by Broker Commission InformationLocal Base

Per % Cost

Total Shares Net Base Amount Commission Commission Share Of Trade

LIQUIDNET INCABC 01Total USD 860.00 19,963.48 17.20 17.20 0.020 0.086%

Total for Account ABC 01 860.00 19,963.48 n/a 17.20 0.020 0.086%

Total LIQUIDNET INC 860.00 19,963.48 n/a 17.20 0.020 0.086%

MERRILL LYNCH INTL LTD EQUITIESABC01Total GBP 24,840.00 86,465.70 63.68 116.00 0.005 0.134%

Total for Account ABC 01 24,840.00 86,465.70 n/a 116.00 0.005 0.134%

ABC 01Total GBP 14,590.00 50,786.40 37.40 68.13 0.005 0.134%

Total for ABC 01 14,590.00 50,786.40 n/a 68.13 0.005 0.134%

Total MERRILL LYNCH INTL LTD EQUITIES 39,430.00 137,252.10 n/a 184.13 0.005 0.134%

MERRILL LYNCH PIERCE FENNER & SMITHABC 01Total USD 70.00 350.68 2.80 2.80 0.040 0.798%

Total for Account ABC 01 70.00 350.68 n/a 2.80 0.040 0.798%

Total MERRILL LYNCH PIERCE FENNER & SMITH 70.00 350.68 n/a 2.80 0.040 0.798%

MORGAN STANLEY AND CO NW YK DTC 050ABC01Total USD 6,590.00 152,911.14 0.00 0.00 0.000 0.000%


ABC01Total USD 3,410.00 81,383.96 0.000 0.000 0.000 0.000%

■B■A

■C ■D

■E ■F ■G ■H


B RO K E R COMM I S S I ON B Y M AN AG E R

This report displays commission totals for

each account in the consolidation over a

given period.

Total commissions paid are also shown

on a commission per share basis and as

a percentage of the total cost of the trade.

The report can be run for domestic and

global accounts or consolidations.

The report is broken down by account,

broker and country for each account in

the consolidation.

■A Account number.

■B Clearing broker name.

■C Total Shares held at that broker for the specified account.

■D Net Base Amount (cost).

■E Local Commission amount.

■F Base Commission amount.

■G Commission amount calculated perShare of the total shares held at the broker for the account/country.

■H Percentage of Cost = Commissiondivided by Net Base Amount.




◆ Broker Commission by Manager Commission InformationLocal Base

Per % CostTotal Shares Net Base Amount Commission Commission Share Of Trade

ABC 01UNASSIGNED BROKERTotal USD 1.77 139.59 0.00 0.00 0.000 0.000%

Total Unassigned Broker 1.77 139.59 n/a 0.00 0.000 0.000%

INVESTMENT TECHNOLOGY GROUP INCTotal USD 16,710.00 522,570.05 167.10 167.10 0.010 0.032%

Total INVESTMENT TECHNOLOGY GROUP INC 16,710.00 522,570.05 n/a 167.10 0.010 0.032%


ABC 01JEFFERIES & COMPANYTotal USD 225.00 11,263.81 11.25 11.25 0.050 0.100%

Total JEFFERIES & COMPANY 225.00 11,263.81 n/a 11.25 0.050 0.100%

STEPHENS INCTotal USD 175.00 3,241.30 8.75 8.75 0.050 0.270%

Total STEPHENS INC 175.00 3,241.30 n/a 8.75 0.050 0.270%

UBS/WARBURG SECURITIES LLC NEW YORK\Total USD 300.00 3,933.79 12.00 12.00 0.040 0.305%

Total UBS/WARBURG SECURITIES LLC NEW YORK\ 300.00 3,933.79 n/a 12.00 0.040 0.305%

WELLS FARGO SECURITIES LLCTotal USD 375.00 11,006.98 18.75 18.75 0.050 0.170%

Total WELLS FARGO SECURITIES LLC 375.00 11,006.98 n/a 18.75 0.050 0.170%


ABC 01UNASSIGNED BROKERTotal USD 1.06 107.24 0.00 0.00 0.000 0.000%

Total Unassigned Broker 1.06 107.24 n/a 0.00 0.000 0.000%

■B■A

■C ■D

■E ■F ■G ■H


M AN AG E R M I X

This report shows the breakdown of market

value and percentage by asset categories in

which the portfolio(s) is invested on the

specified report date.

The report can be run for global/domestic

accounts or consolidations.

It reflects the balance in each account of a

consolidated as of the reporting date. The

total balance of each account is divided

between several asset categories and each

account is shown as a percentage of the

total consolidated.

If run for an account, the market value and

percentages of the asset categories will be

displayed for that account.

If a consolidation is run then the

breakdown will be displayed for each

account in the consolidation.

■A Account Name/Account Number

■B Total market value and percentage

of the total portfolio in which Cashassets are invested on as of date.

■C Total market value and percentage of

the total portfolio in which Short Term assets are invested on as of date.

■D Total market value and percentage of

the total portfolio in whiach Equityassets are invested on as of date.

■E Total market value and percentage of

the total portfolio in which FixedAssets are invested on as of date.

■F Total market value and percentage

of the total portfolio in which Real Estate and Other assets are invested on as of date.

■G Total market value and percentage of

the total portfolio of Pending assets onas of date.

■H Total market value and percentage for all assets on as of date.


31 MAY XX


◆ Manager MixAccount Name/ Cash/ Short Term/ Equity/ Fixed/ R.E. and Other/ Pendings/ Total market value/

Account Number % of account % of account % of account % of account % of account % of account % of consolidation

Account Name 0.00 201,367.34 64,826,486.13 0.00 0.00 0.00 65,027,853.47

ABC 01 0.00% 0.31% 99.69% 0.00% 0.00% 0.00% 27.94%

Account Name 0.00 77,662.18 4,370,491.92 0.00 32,318,304.00 0.00 36,766,458.10

ABC 01 0.00% 0.21% 11.89% 0.00% 87.90% 0.00% 15.80%

Account Name 0.00 388,518.42 0.00 53,286,261.07 0.00 0.00 53,674,779.49

ABC 01 0.00% 0.72% 0.00% 99.28% 0.00% 0.00% 23.06%

Account Name 0.00 8,615,885.12 10,295,959.97 0.00 1,000,000.00 0.00 19,911,845.09

ABC 01 0.00% 43.27% 51.71% 0.00% 5.02% 0.00% 8.55%

Account Name 0.00 9,591,016.87 10,376,109.59 0.00 0.00 -577.00 19,966,549.46

ABC 01 0.00% 48.04% 51.97% 0.00% 0.00% 0.00% 8.58%

Account Name 0.00 35,130.77 18,675,000.00 0.00 0.00 0.00 18,710,130.77

ABC 01 0.00% 0.19% 99.81% 0.00% 0.00% 0.00% 8.04%

Account Name 0.00 35,130.77 18,675,000.00 0.00 0.00 0.00 18,710,130.77

ABC 01 0.00% 0.19% 99.81% 0.00% 0.00% 0.00% 8.04%

Total for consolidation 0.0 18,944,711.47 127,219,047.61 53,286,261.07 33,318,304.00 -577.00 232,767,747.15% for consolidation 0.00% 8.14% 54.65% 22.89% 14.31% 0.00% 100.00%

■C ■D ■E ■F ■G ■H■B

■A


MA R K E T R E CONC I L I A T I ON B Y AC COUN T

This report provides the change in the

beginning and ending market value

including investment and non-investment

type income, unrealized gain/loss, and

accrued income for the specified from/

to date of the report. Detailed information

is provided on how unrealized gain/loss

and accrued income amounts are derived.

This report can be run for domestic/global

portfolios and consolidations. Reports

run for a consolidation will display

aggregrate amounts.

■A Denotes the beginning market value

for the specified reporting period

■B Funding and Disbursement Activityinformation will be broken down and

displayed in this section and a total will

be provided for the overall category

■C Net Investment Income information

will be broken down and displayed in

this section and a total will be provided

for the overall category

■D Market Value Adjustments for theportfolio/consolidation will be broken

down and a total will be provided at

the end of the section

■E Fees and Expenses associated with the portfolio/consolidation will be

summarized in this line item

■F Net Investment Change sums

total Net Investment Income, MarketAdjustments, and Fees/Expenses forthe specified reporting period

■G Total Account Change sums NetInvestment Change and total Net Non-Investment Change

■H Ending Market Value for the specifiedreporting period that includes Net Non-Investment Change, NetInvestment Income, MarketAdjustments, and Fees/Expenses

■I Denotes the Net Change inUnrealized Gain/Loss Based on Market Value amount

■J Denotes the Net Change in Accrued Income


1 JAN XX - 31 JAN XX

Northern=ust *Generated by Northern Trust from daily data on 10 Sep XX

■C

■D

■B■A

■E■F■G■H

■I

■J

◆ Market Reconciliation by AccountAccount Name – ABC01

Beginning Market Value as of 01-Jan-XX 223,365,403.91 Net Change in Unrealized Gain or LossEnding Market Value as of 31-Jan-XX 210,354,645.95

Funding and Disbursement Activity Ending Book Value as of 31-Jan-XX 193,445,854.65

Sponsor Contributions 0.00 Ending Unrealized G/L as of 31-Jan-XX 16,908,791.30Participant Contributions 0.00Other Receipts 222,232,539.66 Less:Non-Cash Security Rcpts at Market 0.00 Beginning Market Value as of 01-Jan-XX 223,365,403.91Net Benefits Paid 0.00 Beginning Book Value as of 01-Jan-XX 192,072,451.07Other Disbursements -222,232,539.66 Beginning Unrealized G/L as of 01-Jan-XX 31,292,952.84Non-Cash Security Disbs at Market 0.00

Total Unrealized G/L Change -14,384,161.54

Net Funding and Disbursement Change 0.00 Unrealized G/L of Security MovementDisbursements Less Receipts 0.00

Net Investment IncomeDividends 0.00 Net Change in Unrealized Gain/Loss -14,384,161.54Interest 0.00 Based on MVOther Income 410,795.69Total Amortization Expense 0.00Total OID/MKT Accretion Income 0.00 Net Change in Accrued IncomeNon-cash Dividends 0.00 Accrued Net Income 31-Jan-XX 293,202.63Change in Accrued Income 239,202.63Income Reclass’d as Return of Capital 0.00 Less:Broker Commissions Recaptured 0.00 Accrued Net Income 01-Jan-XX 0.00

Total Net Investment Income 649,998.32 Net Change in Accrued Income 239,202.63

Market Value AdjustmentNet Change in Unrealized Gain/Loss -14,384,161.54Realized Gain/Loss 723,405.26

Total Market Value Adjustment -13,660,756.28

Fees and Expenses 0.00

Net Investment Change -13,010,757.96

Total Account Change -13,010,757.96Ending Market Value as of 31-Jan-XX 210,354,645.95


P E N D I N G T R A N D E TA I L W / AC C R U E D I N T E R E S T

This report gives detailed information on

all purchases and sales that are pending or

partially settled as of the report date.

A row for each pending Purchase/Sale

transaction is displayed and further broken

down by currency, asset category, asset

subcategory and the pending transaction.

■A Type of transaction pending.

■B Currency of the pending transaction.

■C Asset category.

■D Asset subcategory.

■E Trade Date, Settlement Date and

Country of Risk.

■F Trade Status as of report date(Partially settled or Pending).

■G Description of security.

■H Shares pending or partially settled on as of date.

■I Local/Base Proceeds and BaseMarket Value for Domestic Accounts.

Local/Base Cost and Base Market Value for Global Accounts.

■J Accrued Interest displayed in Local/Base amounts.

■K Total of Local/Base Proceeds plusAccrued Interest (Domestic).

Total of Local/Base Cost plus Accrued Interest (Global).


31 MAY XX

Northern=ust *Generated by Northern Trust from daily data on 31 Oct XX

◆ Pending Transaction Detail w/ Accrued InterestCost/Market Accrued Interest TotalLocal Cost Base Local Cost

Trade date/ Security description Base Cost Cost Base CostSettle date Country Trade Status Asset ID Shares/PAR Base Market Market Base Market

PurchasesUNITED STATES DOLLARSEquitiesCommon stock05 May XX United States Cash pending VALENCE TECHNOLOGY INC COM -577.00 0.00 -577.0010 May XX Shares not delivered CUSIP: 918914XXX 200.00 -577.00 0.00 -577.00

-577.00 0.00 -577.00

27 May XX United States Cash pending GA GULF CORP COM PAR $0.01 -3,852.60 0.00 -3,852.6002 Jun XX Shares not delivered CUSIP: 373200XXX 120.00 -3,852.60 0.00 -3,852.60

-3,852.60 0.00 -3,852.60

27 May XX United States Cash pending GA GULF CORP COM PAR $0.01 -4,503.95 0.00 -4,503.9502 Jun XX Shares not delivered CUSIP: 373200XXX 140.00 -4,503.95 0.00 -4,503.95

-4,503.95 0.00 -4,503.95

27 May XX United States Cash pending RALCORP HLDGS INC NEW COM -14,042.68 0.00 -14,042.6802 Jun XX Shares not delivered CUSIP: 751028XXX 370.00 -14,042.68 0.00 -14,042.68

-14,042.68 0.00 -14,042.68

27 May XX United States Cash pending RALCORP HLDGS INC NEW COM -1,887.50 0.00 -1,887.5002 Jun XX Shares not delivered CUSIP: 751028XXX 50.00 -1,887.50 0.00 -1,887.50

-1,887.50 0.00 -1,887.50

Total common stock -24,863.73 0.00 -24,863.73-24,863.73 0.00 -24,863.73-24,863.73 0.00 -24,863.73

-24,863.73 0.00 -24,863.73Total equities -24,863.73 0.00 -24,863.73

-24,863.73 0.00 -24,863.73

Total UNITED STATES DOLLARS -24,863.73 0.00 -24,863.73-24,863.73 0.00 -24,863.73-24,863.73 0.00 -24,863.73

Total purchases N/A N/A N/A-24,863.73 0.00 -24,863.73-24,863.73 0.00 -24,863.73

■F

■A■B

■E

■H

■I ■J ■K

■C

■G

■D


R E A L I Z E D GA I N / LO S S S UMMA R Y

This report summarizes the gain/loss of

settled sales and purchases that occurred

during the specified reporting period.

This report can be run for global/domestic

accounts or consolidation.

This report is broken down by sales,

purchases, foreign exchange (global

only), asset category, asset subcategory

and currency.

■A Denotes Sale, Purchase, Foreign Exchange category

■B Asset category

■C Asset subcategory

■D Currency

■E Transaction Amount

■F Cost

■G Realized Gain/Loss Market value

■H Realized Translation Gain/Losson foreign exchange transactions

due to changes in the exchange rate.

(Transaction Amount less the Cost)

■I Total Realized Gain/Loss(Market less Translation)



Northern=ust *Generated by Northern Trust from daily data on 31 Oct XX

◆ Realized Gain/Loss SummaryRealized gain/loss

Transaction Amount Cost Market Translation Total

SalesEquitiesCommon Stock

United States – USD 59,902.39 -47,071.84 12,830.55 0.00 12,830.55

Total common stock 59,902.39 -47,071.84 12,830.55 0.00 12,830.55

Total equities 59,902.39 -47,071.84 12,830.55 0.00 12,830.55

Fixed income

Municipal/provincial bonds

United States – USD 4,000,000.00 -4,000,000.00 0.00 0.00 0.00

Total municipal/provincial bonds 4,000,000.00 -4,000,000.00 0.00 0.00 0.00

Total fixed income 4,000,000.00 -4,000,000.00 0.00 0.00 0.00

Total sales 4,059,902.39 -4,047,071.84 12,830.55 0.00 12,830.55

Foreign ExchangeForeign exchangeForeign exchange

Euro sales - EUR -1,639.20 1,616.62 0.00 -22.58 -22.58

United States dollar purchases - USD 1,616.62 -1,616.62 0.00 0.00 0.00

Total foreign exchange -22.58 0.00 0.00 -22.58 -22.58



Total realized gain/loss 4,059,879.81 -4,047,071.84 12,830.55 -22.58 12,807.97

■E

■A

■B■C■D

■F■G ■H ■I


S T I F R E CONC I L I A T I ON

This report details the total invested cash

balance in the given account on a daily basis.

It also contains the daily interest rate for the

invested cash balance, the annual interest

rate and the amount of interest accrued for

each night invested. The report totals all

interest earned to provide the Total STIF

Payment for the period. This report should

be run on an individual account basis.

The report is broken out by daily dates

within the chosen report date range.

■A Value Date

■B Balance – invested cash balance for the value date

■C Daily interest Rate

■D Annual interest Rate

■E Interest accrued for the value date = daily Balancemultiplied

by Daily Rate

■F Total interest earned for the period

■G Interest rate averaged over the period

■H Averaged STIF Balance

■I Denotes the Account Total of STIF Payment for the Period



Northern=ust *Generated by Northern Trust from daily data on 30 Jun XX

◆ STIF ReconciliationMFB NTHN CAL MUN MONEY MKT FDShort Term Investment Fund

Value Date Balance Daily Rate Annual Rate Interest

27-May-XX 502,857.03 0.00618845723 2.25878689 31.12

28-May-XX 502,857.03 0.00635233827 2.31860347 31.94

29-May-XX 502,857.03 0.00635233299 2.31860154 31.94

30-May-XX 502,857.03 0.00635234775 2.31860693 31.94

31-May-XX 387,638.12 0.00603099499 2.20131317 23.38

Total STIF Payment for the Period: 150.32Average Interest Rate for the Period: 2.28318240000Average STIF Balance for the Period: 479,813.25

Account Total of STIF Payment for the Period: 150.32

Invested Cash figures include deposits received on the day reflected above. These deposits are invested on a day out basis, meaning they are not invested in thefund until the following business day. Thus, interest/income is earned on such invested deposits beginning the business day following receipt of the deposit andcontinues through the date of the withdrawal.

■B ■C ■D ■E■A

■G■F

■H■I


TO P 10 E Q U I T Y H O L D I N G S

The report displays the highest 10 equity

holdings in the portfolio for the specified

report date. It can be run for global or

domestic accounts or consolidations.

If a consolidation is run then all accounts

within the consolidation will be rolled

together and the top 10 holdings will be

displayed for the entire consolidation.

■A Security Description

■B Security identifier number

■C Country of incorporation

■D Market Value of the holding as of the specified report date

■E Percentage the holding represents in the Total portfolio

Portfolio Statements ACCOUNT NUMBER ABC01

31 MAY XX

Northern=ust *Generated by Northern Trust from daily data on 30 Jun XX

◆ Top 10 Equity Holdings% of

Security Description Asset Country Market value Total

EXXON MOBIL CORP COM CUSIP: 30231G102 United States 2,040,060.00 3.152%

UNITED HEALTH GROUP INC COM CUSIP: 91324P102 United States 1,931,540.80 2.984%

GEN ELEC CO COM CUSIP: 369604103 United States 1,915,200.00 2.959%

CITIGROUP INC COM CUSIP: 172967101 United States 1,136,293.20 1.756%

MICROSOFT CORP COM CUSIP: 594918104 United States 1,119,978.00 1.730%

JOHNSON & JOHNSON COM CUSIP: 478160104 United States 1,019,920.00 1.576%

BANK AMER CORP COM COM CUSIP: 060505104 United States 942,704.64 1.456%

PFIZER INC COM STK $.11 1/9 PAR CUSIP: 717081103 United States 934,371.00 1.444%

INTEL CORP COM CUSIP: 458140100 United States 877,918.00 1.356%

CHEVRON CORP COM CUSIP: 166764100 United States 720,652.00 1.113%

Total top 10 equities 12,638,637.64 19.527%

Total value of equities 64,724,162.77

■A ■B ■C ■D ■E


N O T E S

© 2014 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Productsand services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. Thismaterial is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expertinvestors and professional investors only and should not be relied upon by retail investors. For legal and regulatory information about our offices and legalentities, visit northerntrust.com/disclosures. The following information is provided to comply with local disclosure requirements: The Northern TrustCompany, London Branch; Northern Trust Global Services Limited; Northern Trust Global Investments Limited. The following information is provided to comply with Article 9(a) of The Central Bank of the UAE’s Board of Directors Resolution No 57/3/1996 Regarding the Regulation for Representative Offices:Northern Trust Global Services Limited, Abu Dhabi Representative Office. Northern Trust Global Services Limited Luxembourg Branch, 2 rue Albert Borschette,L-1246, Luxembourg, Succursale d’une société de droit étranger RCS B129936. Northern Trust Luxembourg Management Company S.A., 2 rue Albert Borschette,L-1246, Luxembourg, Société anonyme RCS B99167. Northern Trust (Guernsey) Limited (2651)/Northern Trust Fiduciary Services (Guernsey) Limited(29806)/Northern Trust International Fund Administration Services (Guernsey) Limited (15532) Registered Office: Trafalgar Court Les Banques, St Peter Port,Guernsey GY1 3DA.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intendedto be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For moreinformation about this notice, see http://www.northerntrust.com/circular230.

If you have any questions regarding Portfolio Statement reporting, please contactyour Northern Trust relationship manager.

northerntrust.com

Q 1954 (3/14)

portfolio statement - northern trust · portfolio statement report guide northern trust expands the...

Documents