Draft: efta00293021

Atorus, LLC 3/4/2014¶

Current Date:	3/4/2014	Change on Day:	4.01%
Total Return since 1/1/12:	86.73%	MSCI World Change on
712M Return:	44.34%	Day	1.36%
T90 Day Return:	14.29%	No of Positions
T30 Day Return:	12.04%	(+MTM) on Day	332
Current Long Exposure @ Cost:	4,566,872	No of Positions (-MTM)
Current Short Exposure @ Cost:	(1,035,433)	on Day	104
Net Exposure:	3,531,439	Current No. of
Starting Capital:	1,000,000	Positions:	449
Current NAV:	1,867,256	Current Leverage
		(Gross Exposures):	3.00
Profit Factor:		Historically 2.25X • 3.25X, depending on measurement interval
Win Ratio:	40% - 50% histor cally
T24M (+) NAV Days	52%
T24M Avg. Daily NAV (+) Change	1.03%
T24M Avg. Daily NAV (•) Change	-0.89%

Target Vol-Adj. Risk Listed Equities 50.00% Target Vol-Adj. Risk Global Macro 50.00% Targeted Max Loss (ex-Leverage) 10.00% Leverage Target At inception: 2X¶

T24M Sharpe Ratio: 1.341 Historical Sharpe & Notes:¶

Notes on Leverage: We implement leverage of 2X, in other words at inception we upsize our positions by a factor two times greater than our volatility adjusts 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.¶

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Largest Exposures Current Positions 97.5th Percentile 2.5th Percentile (@ cost ex		largest MTM Gains Current Posi ions (90th
	MTM)			Percentile MTM Gains % NAV)
Security	Notional	%of Total Notional	Security	MTM Gain	% Total NAV
26 Positions		26.11%	50 Positions		30.97%
INDEXCF Index	(18,109)	0.31%	P5120 Index	6,337	0.34%
XAG Curncy	(20,150)	0.35%	SXSE Index	6,471	0.35%
NO_TSY CREDIT	(21,902)	0.38%	QQQ US Equity	6,504	0.35%
IBOV Index	(22,524)	0.39%	HON US Equity	6,587	0.35%
CO1 Comdty	(24,622)	0.43%	UTX US Equity	6,593	0.35%
MEXBOL Index	(26,146)	0.45%	MAERSKB DC Equity	6,629	0.36%
ZA_TSY CREDIT	(33,149)	0.58%	DAI GR Equity	6,736	0.36%
SHCOMP Index	(33,700)	0.59%	CA_TSY CREDIT	6,770	0.36%
GB_TSY CREDIT	56,841	0.99%	SXXP Index	6,773	0.36%
JP_TSY CREDIT	(59,678)	1.04%	ROG VX Equity	6,780	0.36%
DK_TSY CREDIT	60,407	1.05%	ACA FP Equity	6,989	0.37%
CH_TSY CREDIT	60,555	1.05%	SMI Index	6,991	0.37%
SXDP Index	61,075	1.06%	GS US Equity	6,997	0.37%
SPX Index	62,272	1.08%	CMCSK US Equity	7,078	0.38%
DE_TSY CREDIT	66,681	1.16%	IT_TSY CREDIT	7,490	0.40%
FR_TSY CREDIT	69,707	1.21%	AMGN US Equity	7,531	0.40%
AT_TSY CREDIT	71,796	1.25%	BMY US Equity	7,641	0.41%
BE_TSY CREDIT	71,817	1.25%	MMM US Equity	7,822	0.42%
NL_TSY CREDIT	72,937	1.27%	BEL20 Index	7,892	0.42%
STBCNZL Index	73,231	1.27%	MDT US Equity	7,937	0.43%
FI_TSY CREDIT	74,240	1.29%	ASE Index	7,997	0.43%
IE_TSY CREDIT	78,270	1.36%	IBEX Index	8,068	0.43%
AU TSY CREDIT	(79,133)	1.37%	PRU LN Equity	8,327	0.45%
MY_TSY CREDIT	(92,252)	1.60%	HEX Index	8,484	0.45%
SG_TSY CREDIT	(95,749)	1.66%	DAX Index	8,841	0.47%
CA_TSY CREDIT	(97,153)	1.69%	XLY US Equity	8,934	0.48%
			BAYN GR Equity	9,472	0.51%
			BAC US Equity	9,592	0.51%
			ES_TSY CREDIT	9,646	0.52%
			SXOP Index	9,659	0.52%
			TMO US Equity	9,893	0.53%
			LUAX Index	9,995	0.54%
			SXAP Index	10,062	0.54%
			BA US Equity	11,354	0.61%
			TYC US Equity	11,680	0.63%
			MA US Equity	11,823	0.63%
			KFX Index	11,920	0.64%
			SXIP Index	12,268	0.66%
			SXMP Index	12,355	0.66%

XLV US Equity 13,312 0.71%¶

CELG US Equity	13,556	0.73%
NDX Index	14,655	0.78%
RTY Index	15,643	0.84%
SPX Index	17,890	0.96%
SXTP Index	23,830	1.28%
SXDP Index	25,705	1.38%
ISEQ Index	25,931	1.39%
IE_TSY CREDIT	30,027	1.61%
STBCNZL Index	32,687	1.75%
GILD US Equity	34,044	1.82%

No. Nantes by
APAC Long	29
APAC Short	23
(MEA Long	77
(MEA Short	12
AMER Long	167
AMER Short	47
EquityCom Long	63
EquityCom Short	8
G20 Rates Long	14
G20 Rates Short	9
Total Long	350
Total Short	99

Current Exposure by Geography (Listed Eqult es) & Macro (Equity Indices & Commodiites, G20 Gov. Credit)¶

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Historical Net Exposure by Geography (Listed Equities) & Macro (Equity Indices & Comrnocilites, G20 Gov. Credit)¶

Historical Gross Exposure by Geography (Listed Equities) & Macro (Equity Indices & Commodlites, G20 Gov. Credit)¶

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Atorus, LIC 3/4/2014¶

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Performance Vs. MSCI World Index¶

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Rolling 30 Day Realized Volatility - Atorus¶

¶

Atorus, LLC 3/4/2014¶

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Percentile	No. Vol Days
0.0(M	-10.52
5.00%	-3.13
10.00%	4.00
15.00%	4.33
20.00%	0.64
25.00%	1.79
30.00%	2.64
35.00%	3.65
40.00%	4.67
45.00%	6.01
50.00%	7.97
55.00%	10.57
60.00%	12.57
65.00%	15.55
70.00%	18.81
75.00%	22.84
80.00%	27.87
85.00%	34.37
90.00%	41.48
95.00%	53.03
100.00%	186.73

MTM Gains(Losses) % of NAV "Signficant"
(<7 Vol Days)	1.81%
MTM Gains(Losses) % of NAV "Signficant"
(>7 Vol Days)	52.05%

Atorus, LLC¶

3/4/2014¶

Current Portfolio •Usted Equity Portfolio
-------------------------------------------	--	--

Security	M7M Gain/(Loss)	Exp. @ Cost	Avg. Price	Current Price (in USD)	P/L in Vol Days	Vol	30P Realized Change on Day (in USD)
000270 KS Equity	(50)	(4,506)	51.62	52.19	-1.08	1.02%	(18.67)
005380 KS Equity	84	1,799	217.13	227.25	3.66	1.27%	(2.98)
005490 KS Equity	255	(3,782)	273.49	255.07	7.27	0.93%	75.34
005930 KS Equity	267	(6,558)	1,285.62	1,233.28	4.52	0.90%	23.94
012330 KS Equity	855	5,282	244.69	284.31	12.57	1.29%	(100.31)
1 HK Equity	190	5,310	15.28	15.83	4.13	0.87%	101.66
1299 HK Equity	16	3,412	4.82	4.84	0.47	1.00%	7.80
13 HK Equity	2,678	12,243	11.40	13.90	22.23	0.98%	355.28
16 HK Equity	251	(9,935)	12.66	12.34	3.50	0.72%	89.01
27 HK Equity	3	123	9.68	9.94	1.24	2.14%	(0.54)
2914 JP Equity	276	(4,719)	32.47	30.57	4.28	1.36%	50.59
3382 JP Equity	(5)	3,411	37.70	37.65	-0.11	1.33%	41.84
4063 JP Equity	55	(4,536)	56.40	55.72	0.91	1.33%	(9.34)
4502 JP Equity	19	2,102	46.69	47.12	1.25	0.73%	(10.07)
4689 JP Equity	(3)	1,082	6.06	6.04	-0.21	1.50%	(12.96)
5 HK Equity	(49)	1,929	10.73	10.46	-3.17	0.80%	(2.55)
5108 JP Equity	(31)	3,498	36.35	36.04	-0.66	1.32%	44.96
5401 JP Equity	146	(3,709)	2.99	2.87	2.64	1.49%	(20.25)
6301 JP Equity	(46)	(3,515)	20.64	20.90	-0.89	1.47%	(1.18)
6752 JP Equity	1,726	4,145	9.01	12.77	14.89	2.80%	165.60
6902 JP Equity	2,338	9,730	41.48	51.44	18.40	1.31%	(176.07)
6954 JP Equity	432	6,393	157.65	168.31	4.25	1.59%	(34.00)
7201 JP Equity	25	(3,743)	8.85	8.79	0.54	1.22%	14.01
7203 JP Equity	42	(3,073)	57.44	56.66	1.10	1.24%	0.14
7267 JP Equity	40	(4,885)	36.43	36.13	0.68	1.21%	(11.52)
762 HK Equity	249	(4,155)	1.43	1.35	5.75	1.04%	45.99
7751 JP Equity	170	(6,865)	31.44	30.66	2.24	1.11%	(34.43)
8031 JP Equity	(8)	1,806	15.31	15.24	-0.40	1.12%	11.15
8058 JP Equity	(54)	3,003	19.27	18.93	-1.53	1.18%	(5.07)
8306 JP Equity	72	(2,979)	5.88	5.74	1.74	1.40%	(10.19)
8316 JP Equity	106	(2,505)	45.91	43.98	2.64	1.60%	(7.91)
8411 JP Equity	(61)	1,510	2.12	2.03	-3.11	1.30%	(3.48)
8604 JP Equity	48	(2,467)	6.76	6.63	1.35	1.43%	7.60
8801 JP Equity	103	(2,516)	31.09	29.82	2.56	1.59%	(43.28)
8802 JP Equity	118	(3,308)	24.73	23.85	2.37	1.50%	(105.92)
9020 JP Equity	50	(3,967)	77.53	76.56	1.15	1.10%	18.42
941 HK Equity	829	(11,351)	10.25	9.50	11.36	0.64%	45.58
9432 JP Equity	277	6,077	53.19	55.62	3.24	1.41%	82.06
9433 JP Equity	3,897	9,476	42.13	59.46	23.90	1.72%	(91.80)
9437 JP Equity	(209)	(5,749)	15.71	16.28	-3.36	1.08%	1.97
9983 JP Equity	(164)	3,177	368.09	350.00	-3.28	1.57%	30.75

9984 JP Equity	1,183	1,678	42.69	72.77	39.03	1.81%	(16.17)
AAPL US Equity	189	7,877	518.25	530.71	2.45	0.98%	65.52
ABB US Equity	864	10,408	23.59	25.55	7.80	1.06%	264.53
ABBN VX Equity	674	8,703	23.63	25.46	7.09	1.09%	175.86
ABBV US Equity	205	5,335	49.49	51.39	3.36	1.14%	138.78
ABEV US Equity	66	(7,232)	7.25	7.18	0.60	1.53%	(173.71)
ABEV3 BZ Equity	66	(6,923)		UN/A N/A	0.66	1.45%
ABI BB Equity	125	6,721	102.03	103.93	2.05	0.91%	125.37
ABT US Equity	132	4,097	38.87	40.12	3.76	0.86%	98.98
ABX CN Equity	(31)	1,201	20.94	20.41	-1.62	1.61%	(15.92)
ABX US Equity	(32)	1,221	20.94	20.41	-1.53	1.69%	(17.56)
ACA FP Equity	6,989	5,408	6.83	15.67	101.05	1.28%	224.61
ACE US Equity	136	3,677	93.86	97.34	5.09	0.73%	35.79
ACN US Equity	816	9,052	77.04	83.98	11.33	0.80%	198.36
ADP US Equity	98	1,193	72.36	78.28	11.59	0.71%	25.93
MI. US Equity	167	4,556	62.74	65.04	5.84	0.63%	86.80
AGN US Equity	1,583	8,620	108.65	128.61	20.05	0.92%	196.65
Al FP Equity	33	4,497	135.51	136.49	0.87	0.83%	65.14
AIG US Equity	126	4,012	48.66	50.19	2.83	1.11%	70.66
AIR FP Equity	4,653	6,526	42.47	72.76	58.67	1.22%	233.57
ALV GR Equity	2,900	7,550	125.64	173.91	36.70	1.05%	54.67
ALVG IX Equity	2,177	5,742	126.13	173.95	36.77	1.03%	33.76
AMGN US Equity	7,531	22,886	94.49	125.58	29.06	1.13%	549.66
AMT US Equity	752	10,655	76.29	81.68	8.37	0.84%	71.27
AMZN US Equity	3,741	14,103	287.66	363.97	18.89	1.40%	298.39
ANZ AU Equity	24	3,602	28.48	28.67	0.83	0.80%	31.98
AM US Equity	216	(6,870)	82.74	80.14	2.90	1.08%	(7.48)
APC US Equity	(336)	(6,360)	81.31	85.61	-5.98	0.88%	(78.02)
AXP US Equity	2,970	10,373	71.56	92.06	29.12	0.98%	332.22
AZN LN Equity	4,587	12,676	49.80	67.82	37.13	0.97%	371.12
AZN SS Equity	4,033	11,669	50.40	67.82	35.14	0.98%	351.19
AZN US Equity	4,483	12,432	49.96	67.97	35.52	1.02%	310.02
BA US Equity	11,354	17,951	79.84	130.34	50.15	1.26%	604.30
BAC US Equity	9,592	10,884	8.82	16.60	99.11	0.89%	398.81
BARC LN Equity	(245)	5,295	4.40	4.21	-3.85	1.20%	97.01
BAS GR Equity	1,119	7,333	97.30	112.15	16.36	0.93%	131.61
BATS LN Equity	190	4,163	52.24	54.62	4.44	1.03%	97.09
BAX US Equity	(284)	(8,047)	66.82	69.18	-5.52	0.64%	(45.83)
BAYN GR Equity	9,472	11,757	76.64	138.37	78.12	1.03%	354.87
BBAS3 BZ Equity	(26)	(1,954)		4/N/A N/A	-0.69	1.89%
HD US Equity	731	(6,743)	12.96	11.55	7.77	1.39%	(102.95)
BBOC4 BZ Equity	571	(7,252)		4/N/A N/A	5.84	1.35%
BBL US Equity	(9)	2,022	64.49	64.20	-0.44	1.04%	26.18
BBVA SM Equity	1,245	5,723	10.09	12.29	18.76	1.16%	135.12
BCE CN Equity	(50)	(6,644)	43.17	43.50	-1.21	0.63%	(23.46)
BCS US Equity	(262)	6,397	17.69	17.00	-3.19	1.28%	120.45
BEN US Equity	108	3,695	52.08	53.60	2.38	1.23%	104.03

BG/ LN Equity	(157)	(3,003)	17.35	18.26	-3.57	1.47%	(26.80)
BHP AU Equity	(162)	6,689	34.31	33.50	-2.52	0.96%	31.01
BHP US Equity	(34)	4,501	69.12	68.60	-0.85	0.88%	27.49
BIIB US Equity	425	1,066	245.93	343.95	26.12	1.53%	31.52
BIL S.I Equity	(36)	1,181	32.53	31.56	-2.50	1.22%	25.43
BK US Equity	107	3,723	31.43	32.33	3.25	0.88%	66.11
BLK US Equity	141	1,171	274.17	307.19	11.28	1.07%	33.00
BLT LN Equity	(25)	2,200	32.42	32.06	-1.17	0.96%	28.32
BMO CN Equity	3	8,370	65.44	65.47	0.05	0.71%	62.27
BMW GR Equity	759	5,076	98.63	113.37	15.52	0.96%	37.29
BMY US Equity	7,641	13,669	35.71	55.67	40.71	1.37%	936.38
BN FP Equity	24	(3,684)	70.54	70.08	0.66	0.98%	(72.62)
BNP FP Equity	1,687	5,498	61.78	80.74	26.83	1.14%	152.72
BNS CN Equity	(38)	4,379	57.47	56.98	-1.11	0.78%	30.51
BP/ LN Equity	558	9,797	7.76	8.20	7.97	0.71%	(53.62)
BRK/B US Equity	175	4,878	114.00	118.08	5.24	0.68%	100.74
BSBR US Equity	1,662	(8,171)	6.18	4.93	12.65	1.61%	(180.92)
BUD US Equity	119	6,846	102.05	103.82	1.82	0.95%	98.05
BX US Equity	315	2,976	30.31	33.52	8.65	1.23%	79.42
C US Equity	(15)	2,176	48.95	48.62	-0.62	1.11%	36.81
CA FP Equity	377	1,959	30.49	36.35	18.02	1.07%	31.72
CAT US Equity	1,157	10,300	87.23	97.02	10.75	1.05%	110.86
CBA AU Equity	(80)	6,284	67.72	66.87	-1.68	0.76%	50.33
CBS US Equity	463	1,267	49.35	67.39	26.38	1.39%	41.49
CCL US Equity	701	7,821	36.20	39.45	7.67	1.17%	164.18
CELG US Equity	13,556	15,111	85.54	162.27	74.52	1.20%	374.74
CFR VX Equity	(29)	3,973	99.45	98.72	-0.72	1.02%	43.49
CL US Equity	1,271	18,685	58.99	63.00	10.70	0.64%	258.90 47.01
CM CN Equity	207	5,611	81.17	84.16	5.94	0.62%
CMCSA US Equity	4,607	17,408	40.65	51.40	29.19	0.91% 0.93%	199.97 311.89
CMCSK US Equity	7,078	18,900	36.26	49.84 56.38	40.31 15.06	0.65%	50.85
CNI US Equity	1,254	12,873	51.38			0.98%	(4.50)
CNQ CN Equity	246	6,397	35.48 51.30	36.84 56.32	3.94 15.26	0.64%	51.18
CNR CN Equity	1,218	12,425		73.40	9.15	0.92%	100.96
COF US Equity	513 7	6,077 (7,980)	67.68 66.64	66.58	0.13	0.69%	(19.66)
COP US Equity COST US Equity	50	7,226	115.67	116.47	0.97	0.71%	40.85
	183	2,442		#N/A N/A	22.97	0.33%
COV LN Equity COV US Equity	876	6,347	63.38	72.13	15.56	0.89%	101.15
CRM US Equity	217	2,054	56.89	62.90	7.13	1.48%	73.15
CS FP Equity	2,248	6,734	19.39	25.86	29.09	1.15%	200.56
CSCO US Equity	7) (	(4,977)	21.79	21.82	-0.15	0.89%	(63.52)
CSX US Equity	1,146	8,914	25.07	28.30	13.16	0.98%	263.30
CVE CN Equity	827	(10,449)	28.70	26.42	10.37	0.76%	28.56
CVS US Equity	1,704	10,312	62.75	73.11	20.97	0.79%	74.23
CVX US Equity	(236)	(8,207)	112.39	115.63	-4.08	0.71%	(45.40)
D US Equity	1,878	12,240	60.05	69.26	21.84	0.70%	124.63

DAI GR Equity	6,736	13,908	62.20	92.33	39.43	1.23%	543.89
DBK GR Equity	85	4,052	46.61	47.59	2.04	1.03%	35.42
DD US Equity	2,852	12,305	54.46	67.08	25.61	0.90%	276.74
DDAIF US Equity	3,972	8,377	63.20	93.17	35.02	1.35%	492.89
DE US Equity	97	8,122	85.65	86.67	1.75	0.68%	(16.90)
DELL US Equity	( 3)	6,715		#N/A N/A	-0.57	0.07%
DG FP Equity	4,224	9,889	51.34	73.26	41.18	1.04%	180.27
DGE LN Equity	(7)	1,190	31.45	31.26	-0.24	2.58%	20.67
DHR US Equity	4,313	14,097	58.57	76.48	44.95	0.68%	198.36
DIS US Equity	1,925	9,908	68.36	81.65	16.92	1.15%	306.78
DISCA US Equity	84	3,650	82.02	83.91	1.99	1.16%	77.53
DNB NO Equity	1,435	9,735	15.77	18.10	16.74	0.88%	184.93
DOW US Equity	2,428	6,446	35.84	49.33	30.51	1.23%	178.18
DPW GR Equity	165	547	28.24	36.78	27.46	1.10%	13.56
DTE GR Equity	5,012	13,640	12.22	16.71	32.63	1.13%	223.58
DTV US Equity	2,794	9,931	61.08	78.27	34.82	0.81%	89.72
DUK US Equity	(76)	(8,822)	69.60	70.20	•1.75	0.50%	13.43
DVN US Equity	278	7,132	61.93	64.34	4.97	0.78%	5.23
EBAY US Equity	582	6,030	53.80	58.99	9.21	1.05%	99.16
ECL US Equity	376	6,969	103.68	109.27	6.77	0.80%	111.97
EDF FP Equity	6,255	9,189	23.45	39.41	68.05	1.00%	127.36
EMC US Equity	679	9,291	24.95	26.77	8.37	0.87%	235.73
EMR US Equity	(12)	(542)	63.75	65.20	-2.97	0.77%	(6.76)
EMI CN Equity	(263)	(5,603)	41.70	43.66	-7.75	0.61%	(183.94)
ENEL IM Equity	1,335	7,503	4.32	5.09	15.75	1.13%	196.08
ENI IM Equity	60	7,309	23.75	23.95	1.05	0.78%	86.24
EOAN GR Equity	7	2,996	18.77	18.81	0.22	1.01%	29.38
EOG US Equity	1,853	5,573	143.99	191.85	32.36	1.03%	57.13
EPD US Equity	860	10,799	62.55	67.53	10.95	0.73%	69.35
ERICB SS Equity	205	6,004	12.27	12.69	3.66	0.93%	39.25
ESRX US Equity	1,295	9,815	66.69	75.49	16.94	0.78%	113.05
ETN US Equity	128	5,260	72.48	74.24	2.18	1.12%	75.62
F US Equity	(129)	(3,621)	14.82	15.34	-3.66	0.97%	(43.35)
FB US Equity	1,458	2,630	44.06	68.48	34.26	1.62%	70.58
FCX US Equity	(13)	2,977	33.56	33.41	-0.37	1.21%	49.10
FDX US Equity	693	5,338	120.94	136.64	13.41	0.97%	154.27
FOX US Equity	92	3,520	31.89	32.73	3.10	0.85%	60.03
FOXA US Equity	105	3,246	32.65	33.71	3.44	0.94%	58.32
FP FP Equity	659	8,334	59.78	64.50	9.77	0.81%	95.84
G IM Equity	169	4,486	21.32	22.12	3.81	0.99%	59.89
GE US Equity	1,948	13,140	22.32	25.62	15.65	0.95%	329.84
GILD US Equity	34,044	13,861	24.02	83.03	186.73	1.32%	79632
GIS US Equity	410	13,333	49.12	50.63	5.05	0.61%	228.14
GLE FP Equity	985	3,248	49.51	64.52	19.97	1.52%	113.63
GLEN LN Equity	(14)	(1,085)	5.49	5.56	-1.02	1.24%	(28.14)
GLW US Equity	2,261	11,376	16.17	19.39	17.90	1.11%	268.76
GM US Equity	769	2,560	28.27	36.76	26.75	1.12%	57.24

GOOG US Equity	5,156	12,428	857.75	1,213.64	45.95	0.90%	190.43
GS US Equity	6,997	13,671	110.98	167.77	61.87	0.83%	413.41
GSK LN Equity	415	4,874	25.93	28.14	10.56	0.81%	92.80
GSZ FP Equity	413	5,466	23.77	25.57	7.00	1.08%	106.79
HAL US Equity	1,003	5,408	48.07	56.99	16.57	1.12%	64.26
HD US Equity	3,260	13,333	66.67	82.97	30.91	0.79%	306.64
HMB SS Equity	574	6,110	40.79	44.62	9.31	1.01%	85.35
HON US Equity	6,587	11,930	61.10	94.83	83.97	0.66%	254.10
HPQ US Equity	1,349	6,863	25.14	30.08	20.44	0.96%	163.04
HSBA LN Equity	(39)	1,522	10.79	10.52	-2.77	0.93%	25.36
IBE SM Equity	1,410	7,289	5.53	6.60	31.19	0.62%	75.03
IBM US Equity	(84)	(8,393)	184.74	186.59	-1.45	0.69%	(124.11)
IMT LN Equity	1,587	10,924	35.95	41.17	13.08	1.11%	261.82
INTC US Equity	330	9,784	23.81	24.61	4.97	0.68%	64.18
ISP IM Equity	3,253	5,653	1.92	3.03	48.20	1.19%	92.65
ITUB US Equity	305	(5,909)	13.81	13.10	3.39	1.52%	(108.46)
ITUB4 BZ Equity	94	(6,366)		#N/A N/A	1.09	1.36%
ITW US Equity	3,092	14,011	67.84	82.80	30.59	0.72%	201.85
ITX SM Equity	157	(4,648)	149.71	144.64	3.19	1.06%	(109.66)
JCI US Equity	4,391	9,883	34.13	49.29	37.88	1.17%	200.11
JNJ US Equity	4,328	12,630	69.31	93.07	41.91	0.82%	320.64
JPM US Equity	776	8,516	52.29	57.05	10.64	0.86%	160.90
KMB US Equity	302	7,934	106.69	110.75	4.81	0.79%	130.99
KMI US Equity	602	(7,123)	34.96	32.01	9.08	0.93%	(95.64)
KO US Equity	95	(6,962)	38.83	38.30	1.96	0.70%	(46.41)
LBTYA US Equity	64	2,272	84.93	87.32	2.81	1.00%	6.09
LBTYK US Equity	161	1,975	78.04	84.41	8.45	0.97%	30.62
LIN GR Equity	244	8,087	198.03	204.00	3.60	0.84%	72.59
LLOY LN Equity	3,664	7,073	0.89	1.36	50.63	1.02%	81.29
LLY US Equity	47	2,868	58.84	59.81	1.93	0.86%	36.24
LMT US Equity	706	2,016	122.48	165.37	32.45	1.08%	40.72
LNKO US Equity	(43)	(666)	192.19	204.50	-3.44	1.86%	(7.62)
LOW US Equity	354	7,158	48.22	50.60	5.15	0.96%	88.58
LVS US Equity	2,850	6,808	61.33	87.00	28.18	1.49%	178.30
LYB US Equity	1,171	2,297	59.29	89.51	45.85	1.11%	63.06
MA US Equity	11,823	17,711	47.01	78.39	48.96	1.36%	743.72
MAERSKB DC Equity	6,629	14,148	8,212.58	12,060.56	37.01	1.27%	367.60
MC FP Equity	(19)	3,466	183.43	182.42	-0.57	0.97%	26.08
MCD US Equity	(8)	(6,973)	94.88	94.99	-0.25	0.47%	(48.25)
MCK US Equity	209	1,949	162.99	180.49	12.37	0.87%	55.06
MDIZ US Equity	2,639	13,641	28.68	34.23	24.45	0.79%	226.59
MDT US Equity	7,937	20,811	43.22	59.71	43.54	0.88%	286.81
MET US Equity	1,140	7,556	44.37	51.06	13.19	1.14%	173.26
MFC CN Equity	4,350	8,003	12.38	19.10	46.50	1.17%	228.81
MHS US Equity	1,862	13,445		#N/A N/A	12.27	1.13%
MMM US Equity	7,822	21,331	96.89	132.42	50.40	0.73%	4.49
MO US Equity	175	5,153	35.86	37.08	4.35	0.78%	95.84

MON US Equity	740	11,917	106.02	112.60	7.59	0.82%	175.29
MOS US Equity				48.98		0.91%	-
MRK US Equity	1,614	11,018	49.85	57.15	15.80	0.93%	181.73
MS US Equity	205	1,649	27.57	30.99	11.05	1.13%	51.27
MSFT US Equity	724	7,177	34.82	38.33	11.14	0.91%	129.44
MUV2 GR Equity	650	7,645	197.70	214.49	12.29	0.69%	61.56
NAB AU Equity	(30)	7,534	31.14	31.02	-0.47	0.85%	55.64
NCM AU Equity	1,260	(2,446)	21.94	10.64	27.15	1.90%	(20.50)
NEE US Equity	3,840	14,649	72.62	91.66	32.93	0.80%	256.32
NEM US Equity	2,318	(7,392)	34.95	23.99	16.47	1.90%	(73.20)
NESN VX Equity	760	9,821	69.64	75.02	9.54	0.81%	55.40
NG/ LN Equity	2,161	12,114	11.82	13.93	25.33	0.70%	135.38
NKE US Equity	977	5,145	66.10	78.66	20.52	0.93%	108.36
NOK US Equity	4,243	4,498	3.96	7.70	61.35	1.54%	187.32
NOV US Equity	111	4,672	75.96	77.77	2.49	0.95%	49.00
NOVN VX Equity	5,325	18,291	63.81	82.38	35.49	0.82%	70.91
NOVOB DC Equity	1,617	9,444	40.35	47.25	13.15	1.30%	128.89
NSC US Equity	1,655	9,590	80.49	94.38	14.92	1.16%	340.52
NVS US Equity	4,161	15,510	65.07	82.53	33.92	0.79%	236.30
OGXP3 BZ Equity	5,052	(5,180)		4N/A N/A	21.47	4.54%
OR FP Equity	14	3,253	167.89	168.60	0.38	1.12%	37.91
ORA FP Equity	(53)	4,555	12.58	12.44	-1.13	1.03%	52.37
ORCL US Equity	1,339	7,533	33.38	39.31	22.85	0.78%	165.53
OXY US Equity	142	4,632	94.24	97.13	3.68	0.83%	56.13
PBR US Equity	475	(2,814)	13.30	11.06	10.87	1.55%	(31.62)
PBR/A US Equity	468	(2,795)	13.87	11.55	10.58	1.58%	(37.44)
PCLN US Equity	1,287	3,043	956.05	1,360.30	30.76	1.37%	90.51
PCP US Equity	3,120	13,710	212.47	260.82	23.29	0.98%	339.96
PEP US Equity	(27)	(1,083)	78.56	80.50	-3.58	0.69%	(14.35)
PETR3 BZ Equity	418	(2,923)		4N/A N/A	9.66	1.48%
PETR4 BZ Equity	474	(3,123)		4N/A N/A	10.18	1.49%
PFE US Equity	5,446	21,828	26.10	32.61	28.86	0.86%	566.02
PG US Equity	70	4,762	77.33	78.47	1.80	0.82%	51.20
PHIA NA Equity	1,012	7,196	30.43	34.71	13.74	1.02%	167.36
PM US Equity	473	(10,166)	85.47	81.49	5.25	0.89%	(159.54)
PNC US Equity	676	7,645	75.28	81.94	10.23	0.86%	117.15
POT CN Equity	(98)	(3,323)	32.57	33.53	-3.48	0.85%	(8.48)
POT US Equity	(97)	(3,554)	32.66	33.55	-3.10	0.88%	(5.13)
PRU LN Equity	8,327	10,521	12.76	22.86	61.18	1.29%	549.35
PSA US Equity	701	9,413	158.54	170.34	12.22	0.61%	127.69
PSX US Equity	1,031	6,030	64.65	75.70	17.12	1.00%	80.95
PX US Equity	2,539	16,099	113.30	131.16	20.21	0.78%	173.06
QCOM US Equity	1,779	12,547	66.83	76.30	15.90	0.89%	532.30
CLOD US Equity	6,504	19,920	68.46	90.81	49.93	0.65%	396.83
MI US Equity	311	4,186	51.28	55.09	7.62	0.98%	196.29
RDS/A US Equity	(6)	4,217	73.28	73.17	-0.18	0.82%	67.44
RDS/B US Equity	172	5,192	75.80	78.31	3.92	0.85%	86.03

RDSA LN Equity	230	4,065	34.51	36.46	6.93	0.82%	60.33
RDSA NA Equity	(22)	4,084	36.63	36.43	-0.67	0.80%	45.56
RDSB LN Equity	201	4,580	37.36	39.00	5.09	0.86%	69.06
REGN US Equity	890	5,937	300.82	345.93	8.66	1.73%	165.10
RIO AU Equity	(97)	5,779	60.03	59.04	-1.84	0.92%	9.35
RIO LN Equity	162	5,748	54.73	56.27	2.39	1.18%	64.78
RIO US Equity	213	4,934	54.04	56.37	3.02	1.43%	55.32
ROG VX Equity	6,780	17,035	212.78	297.47	43.98	0.90%	3.75
RY CN Equity	(11)	4,764	65.13	64.98	-0.31	0.72%	26.84
SAB LN Equity	174	4,132	46.80	48.78	4.16	1.01%	52.86
SAN FP Equity	(1)	(6,174)	103.67	103.69	-0.02	0.92%	(154.28)
SAN SM Equity	508	7,256	8.35	8.93	7.65	0.91%	121.39
SAN US Equity	461	5,315	8.28	9.00	7.94	1.09%	112.06
SAP GR Equity	(173)	5,241	81.46	78.85	-4.18	0.79%	34.97
SAP US Equity	(228)	7,101	81.52	78.98	-3.73	0.86%	94.18
SBUX US Equity	(19)	(3,129)	71.25	71.69	-0.54	1.14%	(58.91)
SGO FP Equity	2,544	7,836	44.08	58.40	26.30	1.23%	231.57
SI US Equity	1,595	11,259	114.69	130.93	15.51	0.91%	241.64
SIE GR Equity	1,195	8,908	114.81	130.21	14.68	0.91%	113.14
SLB US Equity	1,022	6,528	79.94	92.45	16.87	0.93%	93.35
SMSN LI Equity	313	(7,260)	644.51	616.70	4.57	0.95%	(4.20)
SO US Equity	(4)	(1,838)	42.25	42.33	-0.40	0.48%	(7.16)
SPG US Equity	108	4,487	160.18	164.04	3.07	0.79%	76.96
SREN VX Equity	1,395	9,709	80.14	91.65	17.77	0.81%	(18.87)
STAN LN Equity	256	(5,283)	22.30	21.22	4.29	1.13%	(119.25)
STL NO Equity	416	6,281	25.39	27.07	6.57	1.01%	34.03
STT US Equity		(648)	66.43	66.43	0.00	1.22%	(13.36)
SU CN Equity	(28)	4,576	33.28	33.08	-0.92	0.67%	(16.77)
SU FP Equity	411	6,518	84.31	89.63	5.91	1.07%	164.47
SU US Equity	(29)	4,606	33.29	33.09	-0.91	0.68%	(19.45)
SWEDA SS Equity	766	5,950	24.71	27.89	12.59	1.02%	113.16
SYNN VX Equity	(273)	(8,069)	359.52	371.69	-3.20	1.06%	(56.84)
T US Equity	541	(8,928)	34.20	32.13	7.96	0.76%	(82.56)
TD CN Equity	42	4,716	44.82	45.22	1.59	0.56%	27.62
TEF SM Equity				15.19		0.85%	-
TEF US Equity	191	681	15.48	15.27	-1.38	0.98%	12.07
TGT US Equity	313	(10,717)	63.57	61.72	2.77	1.05%	52.59
TJX US Equity	3,121	9,492	46.31	61.54	37.74	0.87%	126.03
TLS AU Equity	(37)	6,561	4.59	4.56	-0.84	0.67%	55.56
TLSN SS Equity	(23)	2,656	7.62	7.55	-0.88	0.97%	35.48
TM US Equity	126	(5,170)	117.86	115.00	2.78	0.87%	(65.49) 342.37
TMO US Equity	9,893	10,218	63.59	125.16	103.18	0.94%	69.46
TOT US Equity	519	5,823	59.06	64.33	9.86	0.90%
TRP CN Equity	(102)	(6,953)	43.75	44.39	-2.13	0.69%	(56.60)
TRV US Equity	31	4,763	83.58	84.13	0.85	0.77%	59.87
TSCO LN Equity	279	(7,398)	5.65	5.44	4.18	0.90%	(80.00)
TWC US Equity	867	5,234	120.22	140.13	19.27	0.86%	53.51

139	4,212	65.11	67.27	3.64	0.91%	51.16
3,611	12,205	34.93	45.26	34.99	0.85%	237.82
11,680	24,080	29.17	43.31	67.29	0.72%	384.53
421	5,489	19.43	20.93	6.83	1.12%	100.30
355	5,158	19.51	20.85	7.17	0.96%	39.75
2,029	5,391	5.58	7.68	26.90	1.40%	111.55
(131)	(3,722)	39.44	40.82	-3.96	0.89%	(71.39)
(210)	(6,295)	38.14	39.41	-3.76	0.89%	(111.17)
2,221	10,037	64.08	78.26	26.26	0.84%	190.20
1,363	10,433	162.47	183.70	15.25	0.86%	298.85
3,163	14,806	79.87	96.93	37.74	0.57%	287.02
2,716	14,238	34.71	41.33	28.14	0.68%	272.60
6,593	15,190	82.05	117.67	52.63	0.82%	220.38
3,950	3,914	111.85	224.71	107.93	0.93%	109.94
283	(3,908)	15.08	13.98	5.07	1.43%	(35.18)
276	(4,586)		#N/A N/A	4.31	1.39%
4,108	7,376	55.90	87.03	54.20	1.03%	122.95
220	2,668	26.19	28.35	8.68	0.95%	27.74
627	4,244	87.26	100.15	12.13	1.22%	258.29
(0)	(1,146)	4.13	4.13	0.00	1.58%	(14.66)
(2)	(1,099)	41.28	41.38	-0.14	1.60%	(18.53)
843	6,826	228.75	257.01	8.47	1.46%	128.23
919	1,611	92.95	145.97	45.62	1.25%	62.41
1,059	1,880	93.20	145.69	48.80	1.15%	63.51
662	5,134	86.91	98.12	20.56	0.63%	96.64
267	(7,247)	40.33	38.85	3.61	1.02%	(134.22)
27	(6,121)	48.12	47.91	0.51	0.86%	(83.72)
56	3,018	29.45	30.00	2.17	0.86%	33.71
(96)	8,616	38.64	38.22	-1.42	0.79%	45.25
2,437	10,067	37.56	46.65	37.01	0.65%	154.04
2,300	10,369	74.31	90.79	22.46	0.99%	165.11
29	4,005	74.59	75.12	1.05	0.68%	56.30
(185)	(6,932)	31.30	32.14	-3.59	0.74%	(94.70)
719	10,902	90.48	96.45	8.51	0.77%	112.08
(36)	(2,238)		#N/A N/A	-0.72	2.21%
370	1,282	30.64	39.47	21.05	1.37%	56.32
128	5,221	72.83	74.62	2.60	0.95%	88.51
234	6,394	291.95	302.65	4.53	0.81%	31.24

Current Portfolio • Global Macro Portfolio¶

Security	M7M Gain/(Loss)	Exp. @ Cost	Avg. Price	Current Price (in USD)	P/L in Vol Days	Vol	30P Realized Change on Day (in USD)
SPX Index	17,890	62,272	1,455.70	1,873.91	41.56	0.69%	1,223.89
NDX Index	14,655	46,686	2,831.19	3,719.93	41.18	0.76%	862.15
RTY Index	15,643	39,938	868.48	1,208.65	40.03	0.98%	1,525.73

SPTSX Index	162	19,447	12,764.15	12,870.27	1.47	0.57%	101.07
MEXBOL Index	1,670	(26,146)	3,142.70	2,941.99	6.13	1.04%	(528.98)
IBOV Index	1,938	(22,524)		#N/A N/A	6.03	1.43%
MERVAL Index	(229)	5,530		#N/A N/A	-1.79	2.31%
UKX Index	4,230	39,963	10,288.22	11,377.27	14.25	0.74%	808.95
DAX Index	8,841	36,674	10,610.77	13,168.78	27.01	0.89%	1,109.66
CAC Index	1,466	20,042	5,625.44	6,036.89	9.07	0.81%	521.65
IBEX Index	8,068	39,644	11,555.30	13,907.00	22.01	0.92%	1,187.10
SMI Index	6,991	44,078	8,219.62	9,523.25	23.99	0.66%	760.13
FTSEMIB Index	5,464	25,266	23,118.99	28,118.48	22.84	0.95%	1,105.67
PSI20 Index	6,337	24,289	8,026.78	10,121.03	20.35	1.28%	759.04
ISEQ Index	25,931	40,099	4,246.25	6,992.21	66.57	0.97%	270.89
ICEXI Index	5,297	35,800	6.60	7.57	22.89	0.65%	46.90
AEX Index	5,522	42,240	484.27	547.58	16.26	0.80%	1,286.09
BEL20 Index	7,892	44,003	3,610.75	4,258.38	22.53	0.80%	1,180.32
LUXXX Index	9,995	39,715	1,655.49	2,072.10	29.44	0.85%	1,063.71
KFX Index	11,920	38,048	100.82	132.41	27.27	1.15%	1,224.79
HEX Index	8,484	40,933	8,513.92	10,278.50	21.74	0.95%	1,050.19
OMX Index	2,420	23,118	191.41	211.45	11.14	0.94%	642.68
ATX Index	2,502	28,102	3,213.33	3,499.46	8.25	1.08%	653.62
ASE Index	7,997	17,693	1,251.67	1,817.37	32.10	1.41%
OSEBX Index	2,257	22,138	84.29	92.88	12.47	0.82%	391.92
INDEXCF Index	1,544	(18,109)	41.09	37.59	5.37	1.59% I	(1,282.17)
T0P40 Index	465	25,595	3,920.67	3,991.93	1.79	1.01%	527.70
SENSEX Index	(589)	(16,223)	330.60	342.60	-4.32	0.84%	(261.31)
NKY Index	463	14,214	139.54	144.09	2.58	1.26%	(38.88)
HSI Index	86	15,574	2,903.48	2,919.53	0.62	0.89%	108.43
SHCOMP Index	726	(33,700)	344.53	337.11	2.39	0.90%	47.87
KOSPI Index	42	16,497	1.82	1.83	0.32	0.78%	(59.57)
AS51 Index	8	12,591	4,825.68	4,828.89	0.10	0.66%	58.45
STBCNZL Index	32,687	73,231	448.92	649.29	106.87	0.42%
EEM US Equity	198	(6,119)	40.76	39.44	2.98	1.09%	(107.51)
IYR US Equity	98	4,214	67.67	69.24	4.44	0.52%	52.95
MOY US Equity	5,347	14,269	184.03	252.99	44.11	0.85%	320.73
JNK US Equity	11	5,353	41.26	41.35	0.92	0.23%	13.00
XLF US Equity	5,591	13,610	15.57	21.97	49.00	0.84%	392.40
XLU US Equity	367	8,406	38.65	40.34	7.50	0.58%	63.52
XLK US Equity	2,351	12,860	30.80	36.43	28.21	0.65%	198.81
XLI US Equity	6,027	16,147	38.20	52.46	46.49	0.80%	321.61
XLP US Equity	233	7,329	41.38	42.69	5.04	0.63%	102.33
XLY US Equity	8,934	20,539	46.72	67.04	53.83	0.81%	369.47
XLE US Equity	202	4,209	84.01	88.04	5.88	0.82%	48.12
XLB US Equity	4,028	14,930	37.57	47.71	33.08	0.82%	298.68
XLV US Equity	13,312	24,346	38.87	60.12	64.67	0.85%	714.86
SXXP Index	6,773	43,407	400.51	463.01	20.65	0.76%	1,020.18
SXAP Index	10,062	28,526	520.28	703.80	31.59	1.12%	1,161.99
SXKP Index	6,010	47,032	366.14	412.92	14.78	0.86%	1,082.86

SX6P Index	5,422	34,237	352.74	408.60	19.61	0.81%	771.32
SXEP Index	1,350	29,339	441.65	461.98	6.01	0.77%	346.65
SXIP Index	12,268	28,923	222.31	316.60	45.36	0.94%	757.04
SXNP Index	5,335	28,384	482.69	573.42	21.59	0.87%	834.23
SX3P Index	475	18,170	662.20	679.51	3.63	0.72%	315.51
SXDP Index	25,705	61,075	609.16	865.54	53.63		0.78% IU1,1 70 41-
SX4P Index	3,486	25,840	917.36	1,041.11	14.50	0.93%	687.61
SX8P Index	2,621	17,778	343.07	393.64	17.48	0.84%	394.52
SXOP Index	9,659	40,520	380.28	470.93	23.01	1.04%	1,207.33
SXQP Index	374	20,335	796.99	811.63	2.14	0.86%	386.68
SXRP Index	779	29,339	434.81	446.35	3.71	0.72%	599.21
SXMP Index	12,355	35,766	261.12	351.32	42.90	0.81%	813.92
SXTP Index	23,830	39,247	172.05	276.51	69.68	0.87%	1,319.90
SX7E Index	5,938	18,886	159.85	210.10	27.18	1.16%	776.02
SXSE Index	6,471	40,148	3,709.25	4,307.12	19.33	0.83%	1,246.47
SPGSCITR Index	121	12,757	4,965.67	5,012.92	1.77	0.54%	(82.96)
XAG Curncy	1,419	(20,150)	22.78	21.17	6.78	1.04%	253.77
COI Comdty	(91)	(24,622)	108.90	109.30	-0.60	0.61%	419.16
CL1 Comdty	1,226	29,347	99.19	103.33	5.13	0.82%	(463.32)
NG1 Comdty	3,964	16,608	3.77	4.67	4.85	4.92%	801.45
XAU Comdty				100.49
IBOXHY Index	2,962	53,418	220.12	232.33	49.86	0.11%	35.28
US_TSY CREDIT	(50)	49,855	761.27	760.51	-0.68	0.15%	(165.14)
CA_TSY CREDIT	6,770	(97,153)	1,269.35	1,180.89	18.14	0.38%	601.09
MX_TSY CREDIT	(0)	(13,747)	209.03	209.03	0.00	0.43%	(25.70)
AU_TSY CREDIT	956	(79,133)	1,457.62	1,440.00	3.18	0.38%	(4.45)
JP_TSY CREDIT	556	(59,678)	822.10	814.44	2.37	0.39%	418.63
MY_TSY CREDIT	770	(92,252)	167.43	166.03	3.35	0.25%	(224.65)
SG_TSY CREDIT	709	(95,749)	219.11	217.49	3.73	0.20%	(168.83)
AT_TSY CREDIT	2,846	71,796	356.17	370.29	12.97	0.31%	(271.14)
BETSY CREDIT	3,862	71,817	474.78	500.31	18.18	0.30%	(212.68)
FI_TSY CREDIT	2,745	74,240	347.46	360.31	12.43	0.30%	(302.21)
FR_TSY CREDIT	3,222	69,707	1,669.12	1,746.28	15.62	0.30%	(246.40)
DE_TSY CREDIT	2,378	66,681	1,235.81	1,279.89	11.63	0.31%	(271.95)
lE_TSY CREDIT	30,027	78,270	336.92	466.18	126.40	0.30%	(60.37)
IT_TSY CREDIT	7,490	54,111	1,612.72	1,835.96	38.71	0.36%	51.04
NL_TSY CREDIT	2,725	72,937	1,322.90	1,372.33	12.47	0.30%	(282.88)
ES_TSY CREDIT	9,646	50,187	392.11	467.48	55.13	0.35%	102.57
DK_TSY CREDIT	2,624	60,407	725.64	757.17	13.61	0.32%	(245.45)
NO_TSY CREDIT	(467)	(21,902)	333.32	340.43	-4.51	0.47%	(53.65)
PL_TSY CREDIT	806	22,143	420.32	435.62	6.28	0.58%	79.30
2A_TSY CREDIT	1,399	(33,149)	83.13	79.62	4.69	0.90%	(143.79)
SE_TSY CREDIT	(259)	(8,455)	452.11	465.97	-10.52	0.29%	7.38
CH_TSY CREDIT	3,313	60,555	1,000.12	1,054.84	14.70	0.37%	(494.45)
GB_TSY CREDIT	1,032	56,841	1,489.15	1,516.18	5.50	0.33%	(267.48)