Account Activity Summary
Hickman
04/01/2026 - 06/30/2026
Beginning Value - Investment Account $
3,009,342.04
Beginning Value Alternative Invest. Acct. $
390,067.32
1 See Definitions
Total Beginning Value
$
3,399,409.36
Additions 2
Contributions³
$
-
Dividends & Interest⁴
$
35,714.67
Withdrawals
5
TSBA Fee⁶
$
(2,124.63)
MS Fees⁷
$
(1,396.62)
System Distributions 8
$
-
Unadjusted Investment Earnings 9
$
247,356.11
Ending Value Investment Account
$
3,211,713.07
Ending Value - Alternative Invest. Acct. $
467,245.82
Total Ending Value¹⁰
$
3,678,958.89
Definitions:
1. Beginning Value: The total account value at the start of business on the first day of the specified reporting period.
2. Additions: All credits to the account in which total account value is increased within the specified reporting period.
3. Contributions: The sum of total cash deposits and/or other asset transfers into the Morgan Stanley account from outside of the Morgan
Stanley account and by instruction of the client within the specified reporting period.
4. Dividends and Interest: The sum of all dividend, interest, and capital gain payments credited to the account and those in the which
settlement date lies within the specified reporting period. NOTE: Any dividend, interest, or capital gain distribution in which a settlement
date lies outside of the reporting period or in which was included in the beginning value will not be included 'Dividends and Interest' total
for the period.
5. Withdrawals: The sum of total cash and/or other asset transfers out of the Morgan Stanley account to any other account whether inside
or outside of the firm.
6. TSBA Fee: The fee calculated by instruction of the client and is based on the account value at the end of business on the last day of the
prior quarter.
7. MS Fees: The sum of all quarterly fees charged by Morgan Stanley and any adjustments made to this charge within the specified
reporting period in which client is in agreement for investment advisory and brokerage services provided.
8. System Distributions: The sum of any distributions to the beneficiary (public school system) of the GASB 45 Trust within the specified
reporting period.
9. Unadjusted Investment Earnings: The earnings of asset investments in the Morgan Stanley account unadjusted for any fees charged or
withdrawals in the account by instruction of Morgan Stanley or the client and within the specified reporting period.
10. Ending Value: The Account Value at the end of business on the last day of the specified reporting period.
The information and data contained in this report are from sources considered reliable, but their accuracy and completeness is not
guaranteed. This report has been prepared for illustrative purposes only and is not intended to be used as a substitute for monthly
transaction statements you receive on a regular basis from Morgan Stanley Smith Barney LLC. Please compare the data on this document
carefully with your monthly statements to verify its accuracy. The Company strongly encourages you to consult with your own accountants
or other advisors with respect to any tax questions.
Account Contribution Summary
Hickman
04/01/2026 - 06/30/2026
ACTIVITY
ACTIVITY
DESCRIPTION
TYPE
DATE
Total Deposits
0.00
The information and data contained in this report are from sources considered reliable, but their accuracy and
completeness is not guaranteed. This report has been prepared for illustrative purposes only and is not intended to be
used as a substitute for monthly transaction statements you receive on a regular basis from Morgan Stanley Smith
Barney LLC. Please compare the data on this document carefully with your monthly statements to verify its accuracy.
The Company strongly encourages you to consult with your own accountants or other advisors with respect to any tax
questions.
Account Dividend & Interest Summary
Hickman
04/01/2026 - 06/30/2026
ACTIVITY
ACTIVITY
DESCRIPTION
TYPE
DATE
04/01/2026
Dividend
BLACKROCK HIGH EQ INCOME INST
2,098.37
Cash
04/01/2026
Dividend
JANUS HENDERSON MLT SEC INC I
1,626.18
Cash
04/01/2026
Dividend
JOHN HANCOCK BOND I
1,715.03
Cash
04/01/2026
Dividend
PGIM SHORT-TERM CORP BOND Z
648.81
Cash
04/01/2026
Dividend
PGIM TOTAL RETURN BOND Z
1,040.18
Cash
04/02/2026
Dividend
CION ARES DIVERSIFIED CREDIT U
1,123.23
Cash
04/10/2026
Dividend
VICTORYSHARES FREE CASH FLOW
50.98
Cash
04/30/2026
Cashless Dividend
BLACKSTONE BCRED
1,013.44
Cash
04/30/2026
Cashless Dividend
BREIT CL S-P3
142.98
Cash
04/30/2026
Interest Income
MORGAN STANLEY BANK N.A.
0.58
Cash
04/30/2026
Interest Income
MORGAN STANLEY PRIVATE BANK NA
22.55
Cash
05/01/2026
Dividend
BLACKROCK HIGH EQ INCOME INST
1,836.89
Cash
05/01/2026
Dividend
JANUS HENDERSON MLT SEC INC I
1,476.75
Cash
05/01/2026
Dividend
JOHN HANCOCK BOND I
1,550.74
Cash
05/01/2026
Dividend
PGIM SHORT-TERM CORP BOND Z
540.33
Cash
05/01/2026
Dividend
PGIM TOTAL RETURN BOND Z
991.20
Cash
05/04/2026
Dividend
CION ARES DIVERSIFIED CREDIT U
1,094.35
Cash
05/11/2026
Dividend
VICTORYSHARES FREE CASH FLOW
20.54
Cash
05/21/2026
Cashless Dividend
BREIT CL S-P3
143.43
Cash
05/29/2026
Cashless Dividend
BLACKSTONE BCRED
1,022.21
Cash
05/29/2026
Interest Income
MORGAN STANLEY PRIVATE BANK NA
22.68
Cash
06/01/2026
Dividend
BLACKROCK HIGH EQ INCOME INST
2,036.70
Cash
06/01/2026
Dividend
JANUS HENDERSON MLT SEC INC I
1,423.22
Cash
06/01/2026
Dividend
JOHN HANCOCK BOND I
1,454.51
Cash
06/01/2026
Dividend
PGIM SHORT-TERM CORP BOND Z
499.09
Cash
06/02/2026
Dividend
CION ARES DIVERSIFIED CREDIT U
1,138.22
Cash
06/04/2026
Dividend
PGIM TOTAL RETURN BOND Z
1,009.92
Cash
06/10/2026
Dividend
VICTORYSHARES FREE CASH FLOW
64.05
Cash
06/16/2026
LT Cap Gain
AMERICAN EUPAC F2
5,455.45
Cash
06/18/2026
Dividend
ISHARES CORE MSCI EAFE ETF
2,589.60
Cash
06/18/2026
Dividend
ISHARES CORE S&P U.S. GROWTH
280.55
Cash
06/18/2026
Dividend
ISHARES CORE S&P U.S. VALUE
388.29
Cash
06/22/2026
Cashless Dividend
BREIT CL S-P3
143.88
Cash
06/26/2026
Cashless Dividend
BLACKSTONE BCRED
1,030.54
Cash
06/30/2026
Interest Income
MORGAN STANLEY PRIVATE BANK NA
19.20
Cash
Total Dividends and Interest
35,714.67
The information and data contained in this report are from sources considered reliable, but their accuracy and completeness is not
guaranteed. This report has been prepared for illustrative purposes only and is not intended to be used as a substitute for monthly
transaction statements you receive on a regular basis from Morgan Stanley Smith Barney LLC. Please compare the data on this
document carefully with your monthly statements to verify its accuracy. The Company strongly encourages you to consult with
your own accountants or other advisors with respect to any tax questions.
Account Fee Summary
Hickman
04/01/2026 - 06/30/2026
ACTIVITY
ACTIVITY
DESCRIPTION
TYPE
DATE
04/08/2026
CASH TRANSFER
FUNDS TRANSFERRED
-2,124.63
Cash
04/08/2026
Service Fee
ADV FEE 04/01-04/30
-445.22
Cash
04/21/2026
Service Fee
NET PLATFORM FEE
0.00
Cash
05/07/2026
Service Fee
ADV FEE 05/01-05/31
-475.52
Cash
06/05/2026
Service Fee
ADV FEE 06/01-06/30
-475.88
Cash
Total Withdrawals
-3,521.25
*Cash Balance Includes Cash, Bank Deposits, MMF Balance, and Unsettled Cash.
Unless otherwise indicated, this information is not intended to be a substitute for the official account
statements that you receive from us. This information is approximate and subject to adjustment, updating
and correction and is for illustrative and general reference purposes only. We are not responsible for any
clerical, computational or other inaccuracies, errors or omissions. We obtain market values and other data
from various standard quotation services and other sources, which we believe to be reliable. However, we
do not warrant or guarantee the accuracy or completeness of any such information. The values that you
actually receive in the market for any investment may be higher or lower than the values reflected herein. To
the extent there are any discrepancies between your official account statement and this information, you
should rely on the official account statement. This information should not be considered as the sole basis
for any investment decision. The Bank Deposit Program (BDP) is a cash sweep feature whereby clients can
chose to have their available free credit balances automatically deposited into interest bearing, FDIC-
insured deposit accounts at up to three banks ("Program Banks"): (1) Morgan Stanley Bank, N.A. and/or
Morgan Stanley Private Bank, National Association (together, the "Morgan Stanley Banks"), or (2) Citibank,
N.A. The Program Banks are FDIC members. Morgan Stanley Smith Barney LLC ("Morgan Stanley") is a
registered broker-dealer, not a bank. Morgan Stanley and the Morgan Stanley Banks are affiliates. Unless
specifically disclosed to you in writing, other investments and services offered to you through Morgan
Stanley are not insured by the FDIC, are not deposits of or other obligations of, or guaranteed by, the
Program Banks and involve investment risks, including possible loss of principal amount invested.
External Assets - Certain assets listed in this view are based upon information provided by you, your client
or other external sources and are not part of accounts that you manage at Morgan Stanley. Assets not held
with Morgan Stanley may not be covered by SIPC protection or by additional protection under Morgan
Stanleya€¹Ms excess insurance coverage plans. Morgan Stanley may include information about these
external assets in this view solely as a service to you, and Morgan Stanley is not responsible for the
accuracy of any information provided by external sources, including but not limited to, you, your client or
another financial institution. You are responsible for ensuring the accuracy of such information. Generally,
any financial institution that holds securities is responsible for year-end reporting (Internal Revenue Service
(IRS) Form 1099) and separate periodic statements, which may vary from Morgan Stanley's information due
to different tax reporting periods.
The information and data contained in this report are from sources considered reliable, but their accuracy and
completeness is not guaranteed. This report has been prepared for illustrative purposes only and is not intended to be
used as a substitute for monthly transaction statements you receive on a regular basis from Morgan Stanley Smith
Barney LLC. Please compare the data on this document carefully with your monthly statements to verify its accuracy.
The Company strongly encourages you to consult with your own accountants or other advisors with respect to any tax
questions.

## Table 1

| Beginning Value - Investment Account | $ 3,009,342.04 |
| --- | --- |
| Beginning Value Alternative Invest. Acct. | $ 390,067.32 |
| 1 See Definitions Total Beginning Value | $ 3,399,409.36 |
| Additions 2 |  |
| Contributions³ | $ - |
| Dividends & Interest⁴ | $ 35,714.67 |
| Withdrawals 5 |  |
| TSBA Fee⁶ | $ (2,124.63) |
| MS Fees⁷ | $ (1,396.62) |
| System Distributions 8 | $ - |
| Unadjusted Investment Earnings 9 | $ 247,356.11 |
| Ending Value Investment Account | $ 3,211,713.07 |
| Ending Value - Alternative Invest. Acct. | $ 467,245.82 |
| Total Ending Value¹⁰ | $ 3,678,958.89 |

## Table 2

| ACTIVITY DATE | ACTIVITY | DESCRIPTION |  | TYPE |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
|  |  | Total Deposits | 0.00 |  |

## Table 3

| ACTIVITY DATE | ACTIVITY | DESCRIPTION |  | TYPE |
| --- | --- | --- | --- | --- |
| 04/01/2026 | Dividend | BLACKROCK HIGH EQ INCOME INST | 2,098.37 | Cash |
| 04/01/2026 | Dividend | JANUS HENDERSON MLT SEC INC I | 1,626.18 | Cash |
| 04/01/2026 | Dividend | JOHN HANCOCK BOND I | 1,715.03 | Cash |
| 04/01/2026 | Dividend | PGIM SHORT-TERM CORP BOND Z | 648.81 | Cash |
| 04/01/2026 | Dividend | PGIM TOTAL RETURN BOND Z | 1,040.18 | Cash |
| 04/02/2026 | Dividend | CION ARES DIVERSIFIED CREDIT U | 1,123.23 | Cash |
| 04/10/2026 | Dividend | VICTORYSHARES FREE CASH FLOW | 50.98 | Cash |
| 04/30/2026 | Cashless Dividend | BLACKSTONE BCRED | 1,013.44 | Cash |
| 04/30/2026 | Cashless Dividend | BREIT CL S-P3 | 142.98 | Cash |
| 04/30/2026 | Interest Income | MORGAN STANLEY BANK N.A. | 0.58 | Cash |
| 04/30/2026 | Interest Income | MORGAN STANLEY PRIVATE BANK NA | 22.55 | Cash |
| 05/01/2026 | Dividend | BLACKROCK HIGH EQ INCOME INST | 1,836.89 | Cash |
| 05/01/2026 | Dividend | JANUS HENDERSON MLT SEC INC I | 1,476.75 | Cash |
| 05/01/2026 | Dividend | JOHN HANCOCK BOND I | 1,550.74 | Cash |
| 05/01/2026 | Dividend | PGIM SHORT-TERM CORP BOND Z | 540.33 | Cash |
| 05/01/2026 | Dividend | PGIM TOTAL RETURN BOND Z | 991.20 | Cash |
| 05/04/2026 | Dividend | CION ARES DIVERSIFIED CREDIT U | 1,094.35 | Cash |
| 05/11/2026 | Dividend | VICTORYSHARES FREE CASH FLOW | 20.54 | Cash |
| 05/21/2026 | Cashless Dividend | BREIT CL S-P3 | 143.43 | Cash |
| 05/29/2026 | Cashless Dividend | BLACKSTONE BCRED | 1,022.21 | Cash |
| 05/29/2026 | Interest Income | MORGAN STANLEY PRIVATE BANK NA | 22.68 | Cash |
| 06/01/2026 | Dividend | BLACKROCK HIGH EQ INCOME INST | 2,036.70 | Cash |
| 06/01/2026 | Dividend | JANUS HENDERSON MLT SEC INC I | 1,423.22 | Cash |
| 06/01/2026 | Dividend | JOHN HANCOCK BOND I | 1,454.51 | Cash |
| 06/01/2026 | Dividend | PGIM SHORT-TERM CORP BOND Z | 499.09 | Cash |
| 06/02/2026 | Dividend | CION ARES DIVERSIFIED CREDIT U | 1,138.22 | Cash |
| 06/04/2026 | Dividend | PGIM TOTAL RETURN BOND Z | 1,009.92 | Cash |
| 06/10/2026 | Dividend | VICTORYSHARES FREE CASH FLOW | 64.05 | Cash |
| 06/16/2026 | LT Cap Gain | AMERICAN EUPAC F2 | 5,455.45 | Cash |
| 06/18/2026 | Dividend | ISHARES CORE MSCI EAFE ETF | 2,589.60 | Cash |
| 06/18/2026 | Dividend | ISHARES CORE S&P U.S. GROWTH | 280.55 | Cash |
| 06/18/2026 | Dividend | ISHARES CORE S&P U.S. VALUE | 388.29 | Cash |
| 06/22/2026 | Cashless Dividend | BREIT CL S-P3 | 143.88 | Cash |
| 06/26/2026 | Cashless Dividend | BLACKSTONE BCRED | 1,030.54 | Cash |
| 06/30/2026 | Interest Income | MORGAN STANLEY PRIVATE BANK NA | 19.20 | Cash |
|  |  | Total Dividends and Interest | 35,714.67 |  |

## Table 4

| ACTIVITY DATE | ACTIVITY | DESCRIPTION |  | TYPE |
| --- | --- | --- | --- | --- |
| 04/08/2026 | CASH TRANSFER | FUNDS TRANSFERRED | -2,124.63 | Cash |
| 04/08/2026 | Service Fee | ADV FEE 04/01-04/30 | -445.22 | Cash |
| 04/21/2026 | Service Fee | NET PLATFORM FEE | 0.00 | Cash |
| 05/07/2026 | Service Fee | ADV FEE 05/01-05/31 | -475.52 | Cash |
| 06/05/2026 | Service Fee | ADV FEE 06/01-06/30 | -475.88 | Cash |
|  |  | Total Withdrawals | -3,521.25 |  |