THE RAZE TRUST ACCT For the Period 9/I/I I to 7/311/11 Account Summary Asset Allocation Beginning Ending Change Estimated Current Asset Allocation Market Value Market Value In Value Annual Income Allocation Equity 2.889.000.00 5,769,430.00 2,879,430.00 237.00000 32% Oath & Fixed Income 15,910,610.31 12,171,890.28 (3,738,920.05) 948,099.45 68% Market Value $18,789,610.31 $17,940,120.28 (6869,490.05) 21,186,099.46 100% Accruals 279,821.12 324 628 99 44,807.87 C. ee Market Value with Accruals 919,079,431.43 $18,264,749.25 ($814,682.18) Portfolio Activity Current Year-to-Date Period Value Value Beginning Market Value Contributions 20,000,000.00 Net Contributions/Withdrawals 90.00 $20,000,000.00 Income & Distributions 51,263.72 135,996.81 Change in Investment Value (910,753.77) (2,195.878.55) Ending Market Value $17,940,120.26 217,940,120.26 Accruals 324,628 99 324,628.99 Market Value with Accruals 418,204,749.26 418,204,749.28 18,799,910.31 0.00 J.P Morgan Equ,ty ... ::: CiSti F,xcd Intone Account Page 2 of 11 Page 5 of 18 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00026309 SDNY_GM_00295507 EFTA01501894