morgan keegan optimal depository portfolio memphis, tn · based on portfolio settings as maintained...

MORGAN KEEGAN & COMPANY, INC.

Morgan Keegan Optimal

Depository Portfolio

Memphis, TN

Portfolio Analysis

5/31/2010

Presented By:

Memphis, Tennessee

6/22/2010

The information contained herein is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. The opinions

expressed herein reflect the judgment of the author at this date and are subject to change without notice and are not a complete analysis of every material fact respecting

any company, industry or security. Morgan Keegan & Company, Inc. and its officers, directors, shareholders, employees and affiliates and members of their families may

make investments in a company or securities mentioned herein before, after or concurrently with the publication of this report. Morgan Keegan & Company, Inc. may

from time to time perform or seek to perform investment banking or other services for, or solicit investment banking or other services from any company, person or

entities mentioned herein. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any security. Morgan Keegan &

Co., Inc., member FINRA, SIPC, is a registered broker-dealer subsidiary of Regions Financial Corporation. The securities and other investment products described

herein are:

1) Not insured by the FDIC, 2) Subject to investment risks, including possible loss of the principal amount invested, 3) Not deposits or other obligations of, nor

guaranteed by Morgan Keegan & Company, Inc., Regions Financial Corporation or any of their affiliates.

Portfolio Summary

May 31, 2010Book Book Market Market Gain / Weighted Modified Effective

Par Amount Coupon Yield Value Value Yield (Loss) Avg. Life Duration Duration

Fixed Agency-AFS 21,600,000 4.19% 4.10% 21,627,806 22,320,726 1.75% 692,920 1.95 Yrs 1.82 Yrs 1.77

Fixed MBS-AFS 20,311,406 5.27% 4.91% 20,473,327 21,688,355 2.78% 1,215,028 3.26 Yrs 2.92 Yrs 1.85

Fixed CMO-AFS 14,049,769 4.86% 3.93% 14,414,029 14,622,167 3.64% 208,138 3.24 Yrs 2.92 Yrs 2.71

Floating MBS-AFS 12,705,607 4.28% 3.38% 12,851,117 13,320,473 2.45% 469,356 4.96 Yrs 4.33 Yrs 1.49

Taxfree Municipal-AFS 23,800,000 4.17% 6.58% 23,786,371 24,616,344 4.42% 829,973 4.79 Yrs 4.14 Yrs 3.08

Taxable Municipal-AFS 4,000,000 5.41% 5.41% 4,000,000 4,238,260 4.81% 238,260 14.50 Yrs 8.92 Yrs 9.19

AFS Totals 96,466,783 4.57% 4.81% 97,152,650 100,806,325 3.12% 3,653,675 4.03 Yrs 3.41 Yrs 2.52

Portfolio Totals 96,466,783 4.57% 4.81% 97,152,650 100,806,325 3.12% 3,653,675 4.03 Yrs 3.41 Yrs 2.52

Notes:

1) Averages Weighted by Book Value 4) Effective Repricing Represents:

Sector Effective Repricing

2) MBS and CMO Average Lives based on Salomon Yield Book Prepayment Rates Non-Callable Bonds Final Maturity

Callable Bonds Projected Call or Maturity Date

3) Municipal Book Yields and Market Yields are Taxable Equivalent Yields Fixed MBS and CMOs Average Life

based on Portfolio Settings as maintained in eFolio Floating Rate Bonds Next Repricing Date

Morgan Keegan & Company

Morgan Keegan Optimal Depository PortfolioMemphis, TN

Morgan Keegan Optimal Depository Portfolio

Morgan Keegan & Company May 31, 2010

Portfolio Composition

Fixed Agency 22% Fixed MBS 21% Fixed CMO 15%

Floating MBS 13% Municipal 24% Municipal Taxable 4%

FAS 115 Designation

AFS 100% HTM 0% TRD 0%

May 31, 2010



Fixed/Floating Mix

Fixed 87% Floating 13%

Distribution Index

1 Year CMT 30% 1 Year LIBOR 49% Prime 22%

Sector 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019++

Fixed Agency 7,600 - 5,500 6,000 2,500 - - - - -

Fixed MBS 3,338 4,322 3,259 2,388 1,816 1,391 1,062 800 574 1,362

Fixed CMO 1,158 1,438 2,670 3,208 2,648 1,771 604 253 159 141

Floating MBS 1,313 2,129 1,724 1,402 1,136 927 743 590 483 2,257

Municipal 2,736 2,000 - 3,000 3,500 3,600 2,000 2,000 2,000 3,000

Municipal Taxable - - - - - - - - - 4,000

Totals 16,145 9,888 13,154 15,998 11,601 7,689 4,408 3,643 3,217 10,759

Morgan Keegan Optimal Depository PortfolioCashflow Distribution

Morgan Keegan & Company May 31, 2010Dollars in Thousands

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+

Sector 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+

Fixed Agency 7,600 - 5,500 6,000 2,500 - - - - -

Fixed MBS 3,338 4,322 3,259 2,388 1,816 1,391 1,062 800 574 1,362

Fixed CMO 1,158 1,438 2,670 3,208 2,648 1,771 604 253 159 141

Floating MBS 6,323 2,310 1,036 816 810 662 174 465 109 -

Municipal 2,736 2,000 - 3,000 3,500 3,600 2,000 2,000 2,000 3,000

Municipal Taxable - - - - - - - - - 4,000

Totals 21,154 10,069 12,466 15,412 11,275 7,424 3,840 3,518 2,842 8,503

Morgan Keegan Optimal Depository PortfolioRepricing Distribution

Morgan Keegan & Company Dollars in Thousands May 31, 2010

-

5,000

10,000

15,000

20,000

25,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019+

Bps 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019++

-300 bp 26.48% 18.11% 14.28% 13.61% 7.25% 5.16% 2.98% 2.64% 2.45% 7.05%

-200 bp 25.06% 16.23% 14.43% 14.79% 7.65% 5.52% 3.32% 2.83% 2.58% 7.60%

-100 bp 21.06% 15.92% 13.74% 16.90% 7.26% 7.06% 3.70% 3.20% 2.80% 8.36%

0 bp 16.73% 10.25% 13.63% 16.58% 12.02% 7.97% 4.57% 3.78% 3.33% 11.15%

+100 bp 10.92% 9.34% 11.56% 18.89% 9.59% 7.03% 4.66% 3.55% 2.20% 22.26%

+200 bp 7.96% 10.60% 7.32% 17.00% 8.23% 5.80% 5.04% 3.56% 3.63% 30.87%

+300 bp 6.64% 7.88% 4.20% 17.01% 5.30% 4.84% 5.98% 5.34% 4.10% 38.71%

-300 bp 25,552 17,476 13,784 13,133 6,994 4,983 2,873 2,550 2,362 6,805

-200 bp 24,185 15,662 13,930 14,271 7,384 5,326 3,200 2,728 2,494 7,335

-100 bp 20,322 15,363 13,262 16,306 7,004 6,811 3,571 3,091 2,702 8,072

0 bp 16,145 9,888 13,154 15,998 11,601 7,689 4,408 3,643 3,217 10,759

+100 bp 10,540 9,008 11,155 18,226 9,258 6,780 4,492 3,427 2,124 21,480

+200 bp 7,677 10,231 7,060 16,401 7,938 5,600 4,860 3,434 3,503 29,788

+300 bp 6,407 7,602 4,054 16,407 5,115 4,668 5,770 5,151 3,957 37,352

May 31, 2010Morgan Keegan & Company

Morgan Keegan Optimal Depository PortfolioCashflow Shock

Dollars in Thousands

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019++

-300 bp -200 bp -100 bp 0 bp +100 bp +200 bp +300 bp

Morgan Keegan & Company Dollars in Thousands


May 31, 2010

-7,000

-6,000

-5,000

-4,000

-3,000

-2,000

-1,000

0

1,000

2,000

3,000

4,000

2010 2011 2012 2013 2014 2015 2016 2017

Cashflow Change Up 100

Fixed Corporates Fixed Agency Fixed MBS Fixed CMO Floating Corporates

Floating Agency Floating MBS Floating CMO Municipal Municipal Taxable

Value Notes Other U.S. Treasury Fixed ABS Floating ABS

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

2010 2011 2012 2013 2014 2015 2016 2017

Cashflow Change Down 100

Fixed Corporates Fixed Agency Fixed MBS Fixed CMO Floating Corporates

Floating Agency Floating MBS Floating CMO Municipal Municipal Taxable

Value Notes Other U.S. Treasury Fixed ABS Floating ABS

Security Current Current Coupon Next Call Call Margin Call

CUSIP Desc Par Coupon At Call Maturity Date Price (bp) Likely? FAS115

3133XRMG2 FHLB 4.550 06/25/12 `10 ToBeCalled 06/25/10 at 100.000 2,500,000 4.55 4.55 06/25/12 06/25/10 100.00 Called AFS

3133XTZA7 FHLB 4.750 06/25/19 `10 ToBeCalled 06/25/10 at 100.000 750,000 4.75 4.75 06/25/19 06/25/10 100.00 Called AFS

3136FJE49 FNMA 4.125 12/30/24 `10 ToBeCalled 06/30/10 at 100.000 2,500,000 4.13 4.13 12/30/24 06/30/10 100.00 Called AFS

3136FJE80 FNMA 3.000 12/30/19 `10 ToBeCalled 06/30/10 at 100.000 2,500,000 3.00 3.00 12/30/19 06/30/10 100.00 Called AFS

3133XMAQ4 FHLB CALLABLE 1,750,000 5.75 5.75 09/20/17 09/20/10 100.00 258.9 Yes AFS

3128X9RG7 FHLMC ONE-TIME CALL 2,600,000 2.25 2.25 12/30/13 12/30/10 100.00 96.5 Yes AFS

3128X5V70 FHLMC ONE-TIME CALL 3,000,000 5.50 5.50 03/22/22 03/22/12 100.00 205.9 Yes AFS

Morgan Keegan Optimal Depository PortfolioLikely Call Analysis

*One-Time Call Structure >20.00bps margin in the money, triggers 'Yes' in likely column.

Continuous Call Structure >40.00bps margin in the money, triggers 'Yes' in likely column.

Other (Qrtly / Semi) Call Structures >30.00bps margin in the money, triggers 'Yes' in likely column.

Morgan Keegan & Co., Inc. Confidential

Security Type Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11Total For Next

12 Months

Beginning Pos - - - - - - - - - - - - -

Treasuries - - - - - - - - - - - - -

Agencies

Bullet Maturities - - - - - - - - - - - - -

Callables* 3,250 - - 1,750 - - 2,600 - - - - - 7,600

Floaters - - - - - - - - - - - - -

Agency MBS

MBS Floaters 58 219 215 211 207 204 200 197 193 188 185 181 2,257

CMO Floaters - - - - - - - - - - - - -

ABS Floaters - - - - - - - - - - - - -

Fixed CMOs 109 401 250 90 131 88 88 87 85 84 121 82 1,617

Pass Throughs 541 550 478 463 448 435 423 411 400 390 381 371 5,292

Fixed ABSs - - - - - - - - - - - - -

Municipals

Taxable - - - - - - - - - - - - -

Tax-Free - - 1,010 - - - 1,726 - - 1,000 - - 3,736

Corporates - - - - - - - - - - - - -

Value-Notes - - - - - - - - - - - - -

Other - - - - - - - - - - - - -

+Monthly Totals 3,958 1,170 1,954 2,514 787 727 5,036 694 679 1,662 687 635 20,501

Ending Pos 3,958 1,170 1,954 2,514 787 727 5,036 694 679 1,662 687 635 20,501

Dollars In Thousands 05/31/10

Morgan Keegan Optimal Depository PortfolioMonthly Cashflow Distribution


* See Likely Call Analysis for further detail.

0

1,000

2,000

3,000

4,000

5,000

6,000

Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11

Rates: -300 bps. -200 bps -100 bps Base Case 100 bps 200 bps 300 bps

WAL-AFS: 2.92 3.09 3.37 4.03 5.37 6.49 7.44

TOTAL WAL: 2.92 3.09 3.37 4.03 5.37 6.49 7.44

Rates: -300 bps. -200 bps -100 bps Base Case 100 bps 200 bps 300 bps

DUR-AFS: 0.78 1.12 1.62 2.52 3.53 4.35 4.68

TOTAL DUR: 0.78 1.12 1.62 2.52 3.53 4.35 4.68


Effective Duration

May 31, 2010

Morgan Keegan Optimal Depository PortfolioWeighted Average Life

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

-300 bps. -200 bps -100 bps Base Case 100 bps 200 bps 300 bps

Y

E

A

R

S

-

1.0

2.0

3.0

4.0

5.0

-300 bps. -200 bps -100 bps Base Case 100 bps 200 bps 300 bps

Y

E

A

R

S

Rates : -300 bp -200 bp -100 bp 0 +100 bp +200 bp +300 bp

MV-AFS: 105,407 104,134 102,683 100,806 97,644 93,999 89,680

Total MV: 105,407 104,134 102,683 100,806 97,644 93,999 89,680


GL-AFS: 8,255 6,981 5,531 3,654 492 -3,154 -7,472

Total GL: 8,255 6,981 5,531 3,654 492 -3,154 -7,472


Unrealized Gain (Loss)

May 31, 2010

Morgan Keegan Optimal Depository PortfolioMarket Value

-8,000

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

8,000

10,000

-300 bp -200 bp -100 bp 0 +100 bp +200 bp +300 bp

Doll

ars

in

Th

ou

san

ds

80,000

85,000

90,000

95,000

100,000

105,000

110,000

-300 bp -200 bp -100 bp 0 +100 bp +200 bp +300 bp

Doll

ars

in

Th

ou

san

ds


% Price - AFS 4.56% 3.30% 1.86% 0.00% -3.14% -6.75% -11.04%

Total % Price: 4.56% 3.30% 1.86% 0.00% -3.14% -6.75% -11.04%

% Price Change - US Treasuries

Rates Down Rates Up

-300 bp -200 bp -100 bp +100 bp +200 bp +300 bp

1 Year USTN 2.80% 1.85% 0.92% (0.91%) (1.80%) (2.69%)

2 Year USTN 5.71% 3.76% 1.86% (1.82%) (3.59%) (5.32%)

3 Year USTN 9.62% 6.29% 3.09% (2.98%) (5.85%) (8.62%)

5 Year USTN 13.86% 9.00% 4.39% (4.17%) (8.14%) (11.91%)

26.10% 16.57% 7.90% (7.20%) (13.77%) (19.76%)

60.64% 35.63% 15.82% (12.73%) (23.05%) (31.50%)

Morgan Keegan & Company May 31, 2010

10 Year USTN

30 Year USTN

Morgan Keegan Optimal Depository PortfolioPercentage Price Change

-12.00%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

-300 bp -200 bp -100 bp 0 +100 bp +200 bp +300 bp

CUSIP Security Type Security Desc Current Par

Curr

Cpn Maturity

Book

Bey

Next Call

Date

Call

Price

Curr

Book

Price

Curr

Mkt

Price Book Value Market Value

Mkt

BEY

Book

Profit/Loss

FAS

115

Avg

Life

Mod

Dur

Eff

Dur

3133XRMG2 Fixed Agency FHLB ONE-TIME CALL 2,500,000 4.55 6/25/2012 4.46 6/25/2010 100 100 100.26 2,500,000 2,506,381 0.71 6,381 AFS 0.07 0.07 0.058

31359MQV8 Fixed Agency FNMA BULLET 1,000,000 4.75 2/21/2013 4.83 99.8 108.68 998,035 1,086,764 1.49 88,729 AFS 2.72 2.54 2.575

3136F9DP5 Fixed Agency FNMA BULLET 3,000,000 4 3/27/2013 4 100 106.95 3,000,000 3,208,571 1.48 208,571 AFS 2.82 2.67 2.684

3128X1EJ2 Fixed Agency FHLMC BULLET 2,000,000 4.25 5/22/2013 4.59 99.07 107.71 1,981,400 2,154,268 1.59 172,868 AFS 2.98 2.81 2.811

3128X9RG7 Fixed Agency FHLMC ONE-TIME CALL 2,600,000 2.25 12/30/2013 2.92 12/30/2010 100 99.62 100.68 2,590,169 2,617,729 1.08 27,560 AFS 0.58 0.57 2.321

3133XMAQ4 Fixed Agency FHLB CALLABLE 1,750,000 5.75 9/20/2017 5.36 9/20/2010 100 100.1 101.5 1,751,721 1,776,312 0.76 24,591 AFS 0.31 0.3 0.304

3133XTZA7 Fixed Agency FHLB CALLABLE 750,000 4.75 6/25/2019 4.65 6/25/2010 100 100 100.26 750,000 751,939 0.85 1,939 AFS 0.07 0.07 -1.117

3136FJE80 Fixed Agency FNMA CALLABLE Cpn step 6.000 on 12/30/12 2,500,000 3 12/30/2019 3 6/30/2010 100 100 100.16 2,500,000 2,504,038 2.94 4,038 AFS 2.58 2.44 2.087

3128X5V70 Fixed Agency FHLMC ONE-TIME CALL 3,000,000 5.5 3/22/2022 4.4 3/22/2012 100 101.88 106.94 3,056,480 3,208,099 1.59 151,619 AFS 1.81 1.72 1.707

3136FJE49 Fixed Agency FNMA CALLABLE Cpn step 6.125 on 12/30/14 2,500,000 4.13 12/30/2024 4.13 6/30/2010 100 100 100.27 2,500,000 2,506,625 4.06 6,625 AFS 4.33 3.86 2.137

10 Fixed Agency AFS 21,600,000 4.19 4.1 100.13 103.45 21,627,806 22,320,726 1.75 692,920 AFS 1.95 1.82 1.767

31371LBD0 Fixed MBS FNCX 254836 4.000 07/01/10 FN 7yr BAL 79,838 4 7/1/2010 1.79 100 100 79,839 79,838 1.8 -1 AFS 0.13 0.13 0.026

31371J6M1 Fixed MBS FNCN 253876 6.000 07/01/11 FN 10yr 25,905 6 7/1/2011 5.2 100.04 102.23 25,916 26,482 1.19 565 AFS 0.55 0.54 0.433

31282SA51 Fixed MBS FGSB M80928 5.000 08/01/11 FH 7yr BAL GOLD 286,012 5 8/1/2011 4.02 100.19 102.46 286,543 293,036 -1.69 6,493 AFS 0.4 0.4 -0.274

31371KXP1 Fixed MBS FNCN 254586 5.000 01/01/13 FN 10yr 197,319 5 1/1/2013 4.01 100.79 104.44 198,878 206,086 0.79 7,208 AFS 1.14 1.12 0.105

31365DN92 Fixed MBS FNCT 124716 8.000 03/01/13 FN 20yr 52,264 8 3/1/2013 7.48 100.06 107.67 52,293 56,272 -0.11 3,979 AFS 1.01 0.99 0.815

31371K4A6 Fixed MBS FNCN 254717 4.500 04/01/13 FN 10yr 207,467 4.5 4/1/2013 3.67 100.72 103.94 208,958 215,634 1.06 6,676 AFS 1.25 1.22 0.617

31371LAF6 Fixed MBS FNCN 254806 4.500 07/01/13 FN 10yr 135,320 4.5 7/1/2013 3.56 100.94 104.31 136,598 141,158 1.04 4,560 AFS 1.35 1.31 0.689

31382PH91 Fixed MBS FNCI 488156 6.500 03/01/14 FN 15yr 38,566 6.5 3/1/2014 5.97 100.4 106.37 38,721 41,022 1.9 2,301 AFS 1.51 1.44 1.189

31371JRQ9 Fixed MBS FNCI 253495 6.500 08/01/15 FN 15yr 37,736 6.5 8/1/2015 6.06 100.53 107.15 37,936 40,435 2.73 2,498 AFS 2.1 1.95 1.948

31402RHY8 Fixed MBS FNCI 735647 5.000 12/01/17 FN 15yr 426,957 5 12/1/2017 4.49 100.94 107.24 430,966 457,876 1.9 26,910 AFS 2.54 2.39 1.451

31371LBA6 Fixed MBS FNCI 254833 4.500 08/01/18 FN 15yr 584,687 4.5 8/1/2018 4.21 100.53 107 587,787 625,626 1.83 37,839 AFS 2.84 2.67 1.224

31371LE21 Fixed MBS FNCI 254953 5.000 11/01/18 FN 15yr 487,194 5 11/1/2018 4.43 101.19 107.34 493,010 522,932 2.09 29,922 AFS 2.75 2.57 1.443

31403UV57 Fixed MBS FNCI 758536 5.000 04/01/19 FN 15yr 506,079 5 4/1/2019 5.04 99.7 107.34 504,538 543,202 2.47 38,665 AFS 3.21 2.94 2.228

31371LSD2 Fixed MBS FNCI 255316 5.000 07/01/19 FN 15yr 487,361 5 7/1/2019 4.81 100.26 107.34 488,615 523,111 2.14 34,496 AFS 2.81 2.62 1.333

312969ZK7 Fixed MBS FGCI B17046 5.000 10/01/19 FH 15yr GOLD 695,255 5 10/1/2019 4.79 100.33 107.38 697,527 746,574 1.52 49,047 AFS 2.24 2.14 0.242

31371KBN0 Fixed MBS FNCT 253945 6.500 08/01/21 FN 20yr 63,191 6.5 8/1/2021 5.69 102.15 109.45 64,552 69,162 3.37 4,609 AFS 3.44 3.05 2.511

31371KEQ0 Fixed MBS FNCT 254043 6.000 10/01/21 FN 20yr 116,228 6 10/1/2021 6.01 99.76 108.64 115,949 126,269 3.06 10,321 AFS 3.31 2.98 1.591

31371KNL1 Fixed MBS FNCT 254295 6.000 04/01/22 FN 20yr 72,333 6 4/1/2022 6.04 99.7 108.63 72,114 78,578 3.14 6,464 AFS 3.42 3.06 1.862

3128MBWE3 Fixed MBS FGCI G13145 5.500 04/01/23 FH 15yr GOLD 1,231,818 5.5 4/1/2023 5.32 100.38 107.69 1,236,448 1,326,591 2.62 90,143 AFS 2.93 2.69 1.449

31371LA82 Fixed MBS FNCT 254831 5.000 08/01/23 FN 20yr 622,899 5 8/1/2023 4.6 101.06 106.41 629,491 662,816 2.97 33,325 AFS 3.6 3.22 1.516

31371LGF0 Fixed MBS FNCT 254998 4.500 11/01/23 FN 20yr 599,975 4.5 11/1/2023 4.69 99.2 104.68 595,177 628,024 3.15 32,847 AFS 4.04 3.57 2.635

31371LMN6 Fixed MBS FNCT 255165 4.500 03/01/24 FN 20yr 639,829 4.5 3/1/2024 4.5 99.83 104.68 638,747 669,741 3.12 30,994 AFS 3.94 3.5 1.887

3128MCGA7 Fixed MBS FGCI G13593 4.500 07/01/24 FH 15yr GOLD 1,767,054 4.5 7/1/2024 3.69 102.08 104.82 1,803,783 1,852,167 2.7 48,384 AFS 2.96 2.71 1.499

3128P7C76 Fixed MBS FGTW C90994 6.000 10/01/26 FH 20yr GOLD 661,294 6 10/1/2026 5.58 101.12 108.66 668,674 718,593 3.06 49,918 AFS 3.29 2.95 1.879

3128P7DL4 Fixed MBS FGTW C91007 5.500 12/01/26 FH 20yr GOLD 1,025,608 5.5 12/1/2026 5.51 99.92 107.71 1,024,817 1,104,665 2.89 79,848 AFS 3.29 2.97 1.649

36208DB46 Fixed MBS GNSF 447459 7.000 03/15/27 GN1 30yr SF 35,520 7 3/15/2027 6.73 101.05 110.7 35,894 39,322 4.27 3,428 AFS 4.65 3.85 3.461

31410F2N4 Fixed MBS FNCT 888281 6.000 04/01/27 FN 20yr 958,304 6 4/1/2027 5.31 101.87 108.53 976,188 1,040,019 3.27 63,831 AFS 3.6 3.19 2.334

3128P7FQ1 Fixed MBS FGTW C91075 6.000 08/01/27 FH 20yr GOLD 811,304 6 8/1/2027 5.86 100.38 108.62 814,354 881,245 3.2 66,891 AFS 3.47 3.08 1.96

31371NSV8 Fixed MBS FNCT 257132 5.000 03/01/28 FN 20yr 631,689 5 3/1/2028 4.81 100.42 106.13 634,318 670,393 3.14 36,075 AFS 3.83 3.38 2.245

31379L4Y4 Fixed MBS FNCL 423039 5.000 03/01/28 FN 30yr 225,508 5 3/1/2028 7.92 90.97 105.6 205,135 238,127 3.36 32,992 AFS 4.01 3.5 2.629

3128CUNU6 Fixed MBS FGTW G30403 5.500 06/01/28 FH 20yr GOLD 636,721 5.5 6/1/2028 5.28 100.6 107.61 640,533 685,164 3.06 44,632 AFS 3.51 3.13 1.798

31380WEG5 Fixed MBS FNCL 452035 5.500 11/01/28 FN 30yr 284,707 5.5 11/1/2028 8.61 91.87 107.71 261,547 306,647 2.86 45,100 AFS 3.3 2.99 1.159

36202DEL1 Fixed MBS G2SF 002839 7.500 11/20/29 GN2 30yr SF 74,241 7.5 11/20/2029 8.03 98.2 110.64 72,905 82,138 4.66 9,233 AFS 4.56 3.72 3.505

36202DFH9 Fixed MBS G2SF 002868 8.000 01/20/30 GN2 30yr SF 25,344 8 1/20/2030 8.12 99.59 110.82 25,241 28,086 4.86 2,845 AFS 4.18 3.43 3.041

31387W3N5 Fixed MBS FNK2 596705 6.000 04/01/32 FN 15+YR W/3YR PPY 825,944 6 4/1/2032 6.08 99.56 109.49 822,344 904,322 3.5 81,979 AFS 4.48 3.83 3.053

3128M7KL9 Fixed MBS FGLMC G05399 5.000 05/01/34 FH 30yr GOLD 2,734,538 5 5/1/2034 3.72 104.28 105.55 2,851,535 2,886,248 3.36 34,713 AFS 3.9 3.41 2.385

31410MRV4 Fixed MBS FNCL 891600 6.000 06/01/36 FN 30yr 984,319 6 6/1/2036 6.37 98.81 108.08 972,632 1,063,885 3.16 91,252 AFS 3.27 2.92 2.613

31413TME9 Fixed MBS FNNP 954957 6.000 10/01/37 FN 30YR 7-10YR IO 559,070 6 10/1/2037 5.75 100.4 107.15 561,312 599,020 3.3 37,708 AFS 3.05 2.73 2.119

3128M5XP0 Fixed MBS FGLMC G03986 5.500 03/01/38 FH 30yr GOLD 476,006 5.5 3/1/2038 5.04 101.16 106.69 481,511 507,849 3.09 26,338 AFS 3.12 2.81 2

39 Fixed MBS AFS 20,311,406 5.27 4.91 100.84 106.8 20,473,327 21,688,355 2.78 1,215,028 AFS 3.26 2.92 1.846

83164GJY9 Floating MBS SBAVR 505679 3.875 01/25/11 SBA VARIABLE RATE 14,472 3.88 1/25/2011 1.92 100.26 99.83 14,510 14,448 2.91 -62 AFS 0.44 0.43 0.148

83164FVM3 Floating MBS SBAVR 505120 3.625 03/25/14 SBA VARIABLE RATE 58,590 3.63 3/25/2014 3.18 100.23 101.26 58,724 59,329 2.56 604 AFS 1.74 1.66 0.226


Memphis, TN

Base Case Security Report



Curr

Cpn Maturity

Book

Bey

Next Call

Date

Call

Price

Curr

Book

Price

Curr

Mkt


Mkt

BEY

Book

Profit/Loss

FAS

115

Avg

Life

Mod

Dur

Eff

Dur

83164FRT3 Floating MBS SBAVR 504998 3.625 05/25/14 SBA VARIABLE RATE 52,292 3.63 5/25/2014 3.19 100.23 101.77 52,415 53,219 2.31 804 AFS 1.8 1.72 0.23

83164H6K1 Floating MBS SBAVR 507174 3.375 03/25/16 SBA VARIABLE RATE 145,167 3.38 3/25/2016 1.84 103.06 102.99 149,602 149,514 1.87 -89 AFS 2.39 2.29 0.245

83164G2H4 Floating MBS SBAVR 506176 3.875 04/25/16 SBA VARIABLE RATE 39,596 3.88 4/25/2016 2.18 103.39 103.16 40,937 40,848 2.28 -89 AFS 2.43 2.3 0.164

83164G3N0 Floating MBS SBAVR 506205 3.865 06/25/16 SBA VARIABLE RATE 143,045 3.87 6/25/2016 2.18 103.45 104.21 147,974 149,063 1.87 1,089 AFS 2.48 2.36 0.256

83164JYT7 Floating MBS SBAVR 507922 3.515 06/25/16 SBA VARIABLE RATE 261,624 3.52 6/25/2016 1.63 104 103.4 272,090 270,506 1.88 -1,585 AFS 2.47 2.35 0.249

83164HQE3 Floating MBS SBAVR 506753 3.750 12/25/16 SBA VARIABLE RATE 125,017 3.75 12/25/2016 1.89 104.15 103.2 130,210 129,021 2.26 -1,189 AFS 2.62 2.47 0.165

83164HVA5 Floating MBS SBAVR 506909 3.375 09/25/17 SBA VARIABLE RATE 137,223 3.38 9/25/2017 1.87 103.57 103.16 142,125 141,557 2.02 -568 AFS 2.82 2.66 0.248

83164J6W1 Floating MBS SBAVR 508085 3.325 11/25/18 SBA VARIABLE RATE 244,353 3.33 11/25/2018 1.47 105.07 104.44 256,749 255,198 1.68 -1,551 AFS 3.11 2.95 0.269

83164JHU3 Floating MBS SBAVR 507443 3.125 01/25/19 SBA VARIABLE RATE 293,228 3.13 1/25/2019 1.42 104.73 104.01 307,093 304,995 1.65 -2,098 AFS 3.15 2.98 0.265

83164KL27 Floating MBS SBAVR 508445 4.075 02/25/20 SBA VARIABLE RATE 310,878 4.08 2/25/2020 1.97 106.26 106.83 330,336 332,121 1.8 1,785 AFS 3.43 3.21 0.305

83164KLZ4 Floating MBS SBAVR 508444 3.825 02/25/20 SBA VARIABLE RATE 350,720 3.83 2/25/2020 1.86 105.84 106.26 371,189 372,657 1.74 1,468 AFS 3.42 3.21 0.298

31288VXC8 Floating MBS FH99AR 846075 4.420 07/01/22 FH ARM nonGOLD 222,274 2.54 7/1/2022 1.86 100.82 100.27 224,086 222,877 2.05 -1,209 AFS 2.97 2.81 0.374

36225CC61 Floating MBS G2AR 080092 4.625 07/20/27 GN2 ARM 51,969 3.63 7/20/2027 2.07 100.2 103.9 52,072 53,996 1.19 1,924 AFS 4.46 4.18 0.215

31378VJR2 Floating MBS FN99AR 409872 5.415 05/01/28 FN ARM 10,919 2.97 5/1/2028 3.27 98.79 101.56 10,788 11,090 2.42 302 AFS 3.51 3.26 0.803

36225CGG5 Floating MBS G2AR 080198 5.375 05/20/28 GN2 ARM 57,232 4.38 5/20/2028 2.31 100.03 104.17 57,250 59,616 1.26 2,365 AFS 4.21 3.92 0.641

31384DFS6 Floating MBS FN99AR 520477 4.842 10/01/29 FN ARM 52,567 2.84 10/1/2029 2.51 99.6 101.82 52,358 53,523 2.1 1,165 AFS 5.99 5.35 0.658

36225CME3 Floating MBS G2AR 080356 4.125 12/20/29 GN2 ARM 16,076 3.13 12/20/2029 2.09 99.68 102.81 16,025 16,528 1.45 503 AFS 5.35 4.92 0.824

31384EWK2 Floating MBS FN99AR 521850 3.989 01/01/30 FN ARM 49,259 2.62 1/1/2030 2.86 98.28 102.3 48,412 50,392 2.19 1,980 AFS 6.95 6.1 1.455

36225CMJ2 Floating MBS G2AR 080360 3.750 01/20/30 GN2 ARM 124,066 2.75 1/20/2030 1.97 100 102.51 124,066 127,182 1.46 3,115 AFS 5.35 4.93 1.231

36225CMP8 Floating MBS G2AR 080365 4.250 01/20/30 GN2 ARM 32,610 3.25 1/20/2030 2.22 99.62 103.31 32,486 33,690 1.4 1,205 AFS 4.87 4.5 0.561

36225CTM8 Floating MBS G2AR 080555 3.875 11/20/31 GN2 ARM 90,956 2.88 11/20/2031 1.89 100.26 102.53 91,197 93,253 1.47 2,057 AFS 5.76 5.29 0.856

31389MKH9 Floating MBS FN99AR 629496 3.885 01/01/32 FN ARM 17,244 2.51 1/1/2032 2.31 100.93 102.05 17,404 17,598 2.13 194 AFS 7.08 6.22 1.606

31389NYY5 Floating MBS FN99AR 630827 3.540 02/01/32 FN ARM 8,058 2.67 2/1/2032 2.47 100.73 102.74 8,117 8,279 2.1 162 AFS 5.94 5.29 0.98

31389L3F4 Floating MBS FN99AR 629098 3.125 04/01/32 FN ARM 3,884 2.5 4/1/2032 2.09 101.95 101.76 3,960 3,953 2.12 -8 AFS 6.01 5.35 1.843

31390DGT5 Floating MBS FN99AR 642910 5.250 07/01/32 FN ARM 68,709 3.25 7/1/2032 2.27 102.11 102.66 70,158 70,534 2.18 375 AFS 6.47 5.7 0.649

31295N5H7 Floating MBS FH99AR 789848 5.187 10/01/32 FH ARM nonGOLD 403,194 2.75 10/1/2032 2.47 100.61 103.67 405,664 418,003 2 12,339 AFS 7.39 6.5 1.109

31391SRL6 Floating MBS FN99AR 675591 4.148 11/01/32 FN ARM 50,494 2.42 11/1/2032 1.97 102.15 102.71 51,577 51,863 1.88 286 AFS 6.7 5.98 1.206

31337NRD2 Floating MBS FH99AR 611384 4.953 12/01/32 FH ARM nonGOLD 66,277 2.95 12/1/2032 2.12 102.11 102.47 67,672 67,914 2.05 242 AFS 5.83 5.21 1.088

31391MQY2 Floating MBS FN99AR 671071 4.023 01/01/33 FN ARM 213,293 2.65 1/1/2033 2.51 100.56 101.96 214,481 217,478 2.29 2,996 AFS 7.14 6.21 2.059

31400B2R6 Floating MBS FN99AR 683084 4.390 02/01/33 FN ARM 35,812 2.68 2/1/2033 2.59 101.36 103.54 36,301 37,080 2.24 779 AFS 7.01 6.1 -0.256

31401EWZ8 Floating MBS FN99AR 706364 3.670 05/01/33 FN ARM 154,235 2.53 5/1/2033 2.19 102.25 103.77 157,711 160,047 1.96 2,335 AFS 7.29 6.42 1.153

31342AVP1 Floating MBS FH99AR 780622 3.916 06/01/33 FH ARM nonGOLD 21,276 2.45 6/1/2033 1.97 102.28 100.96 21,761 21,480 2.21 -281 AFS 6.25 5.53 1.607

31401JG28 Floating MBS FN99AR 709517 3.697 06/01/33 FN ARM 169,353 2.57 6/1/2033 2.54 100.43 103.37 170,081 175,058 2.17 4,978 AFS 9.21 7.77 2.119

31402A5P7 Floating MBS FN99AR 723654 4.473 07/01/33 FN ARM 312,223 3.14 7/1/2033 2.49 101.16 105.48 315,834 329,321 1.83 13,487 AFS 7.22 6.4 0.001

31403GCN0 Floating MBS FN99AR 748077 4.344 09/01/33 FN ARM 257,708 3.91 9/1/2033 2.48 100.48 102.22 258,937 263,436 2.18 4,499 AFS 6.59 5.78 0.926

3128JL2D0 Floating MBS FH99AR 1B1771 4.461 06/01/34 FH ARM nonGOLD 59,348 3.58 6/1/2034 2.96 99.02 103.01 58,766 61,137 2.29 2,371 AFS 6.9 6 -0.544

36225DCW2 Floating MBS G2AR 080984 3.625 07/20/34 GN2 ARM 337,782 2.63 7/20/2034 1.95 99.59 102.29 336,399 345,506 1.47 9,107 AFS 6.2 5.67 0.846

31404XSB1 Floating MBS FN99AR 781814 4.665 11/01/34 FN ARM 675,356 4.66 11/1/2034 3.79 99.72 105.8 673,466 714,552 2.55 41,086 AFS 5.85 4.9 2.703

3128JNC37 Floating MBS FH99AR 1B2889 5.773 04/01/35 FH ARM nonGOLD 214,780 5 4/1/2035 3.36 101.16 104.66 217,265 224,778 2.87 7,513 AFS 8.76 6.99 1.366

83165ACR3 Floating MBS SBAVR 521680 4.040 04/25/35 SBA VARIABLE RATE 445,688 4.04 4/25/2035 1.96 109.75 109.31 489,141 487,173 2.04 -1,968 AFS 5.43 4.87 0.366

3128JMS73 Floating MBS FH99AR 1B2441 5.098 11/01/35 FH ARM nonGOLD 1,263,994 5.14 11/1/2035 5.11 98.27 105.72 1,242,097 1,336,345 3.01 94,247 AFS 4.16 3.59 1.811

3128JNJG1 Floating MBS FH99AR 1B3062 5.554 08/01/36 FH ARM nonGOLD 318,235 5.37 8/1/2036 4.13 100.37 105.58 319,397 335,993 2.88 16,596 AFS 4.91 4.14 1.686

31385JHU5 Floating MBS FN99AR 545743 4.907 08/01/36 FN ARM 48,626 2.59 8/1/2036 2.28 101.66 104 49,434 50,569 1.92 1,136 AFS 7.17 6.35 1.387

31410FR98 Floating MBS FN99AR 888012 5.787 10/01/36 FN ARM 654,994 5.84 10/1/2036 3.07 101.99 104.41 668,029 683,875 2.7 15,845 AFS 7.83 6.36 0.156

31411WPJ0 Floating MBS FN99AR 916725 4.655 10/01/36 FN ARM 602,055 3.28 10/1/2036 2.65 99.97 104.64 601,872 630,010 2.01 28,138 AFS 8.37 7.24 1.658

3128QSK39 Floating MBS FH99AR 1G2114 5.542 08/01/37 FH ARM nonGOLD 1,056,116 5.53 8/1/2037 4.99 100.42 106.06 1,060,591 1,120,074 3.43 59,483 AFS 4.2 3.57 2.824

31413LRY7 Floating MBS FN99AR 948803 5.517 08/01/37 FN ARM 864,258 5.53 8/1/2037 5.28 99.41 106.07 859,126 916,676 3.42 57,550 AFS 4.25 3.58 3.416

3128QKFK4 Floating MBS FH99AR 1G5169 4.901 03/01/38 FH ARM nonGOLD 1,498,481 4.9 3/1/2038 4.76 99.65 105.25 1,493,179 1,577,121 2.66 83,943 AFS 2.92 2.67 2.25

50 Floating MBS AFS 12,705,607 4.28 3.38 101.21 104.87 12,851,117 13,320,473 2.45 469,356 AFS 4.96 4.33 1.487

31394J6X0 Fixed CMO FH 2681 VA Seq AccDirect Fix 100% FGTW 5.00 153 229,855 5 9/15/2014 4.3 101.34 107.03 232,925 246,022 1.69 13,096 AFS 2.24 2.12 1.343

31393ERD3 Fixed CMO FN 0391A BC Seq Fix 107% FNCI 4.50 86 Mos. 90,009 4.5 11/25/2016 4.03 99.99 101.82 90,002 91,649 1 1,648 AFS 0.61 0.6 0.179

31393RZM5 Fixed CMO FH 2627B BA Seq Fix 100% FGCI 4.50 89 Mos. 414,089 4.5 6/15/2017 3.47 101.22 104.5 419,138 432,702 1.07 13,564 AFS 1.38 1.34 0.442

31397WW27 Fixed CMO FH 3471A V Seq AccDirect Fix 117% FGLMC 5.00 287 1,149,477 5 8/15/2020 4.35 102.16 107.36 1,174,302 1,234,095 2.87 59,793 AFS 3.74 3.37 2.684

31392HFV0 Fixed CMO FN 0297D EL Seq Fix 100% FNCT 5.50 144 Mos. 286,612 5 7/25/2022 4.29 100.89 102.64 289,150 294,179 3.23 5,029 AFS 1.74 1.64 1.721

83162CSL8 Fixed CMO SBAP 2009-20D 1 465,556 4.31 4/1/2029 3.95 101.45 104.31 472,310 485,635 3.29 13,326 AFS 4.85 4.19 4.221

31394MMJ6 Fixed CMO FH 2716E GH PAC Fix 100% FGLMC 5.00 268 Mos. 1,900,000 5 4/15/2032 3.47 104.83 107.36 1,991,828 2,039,901 2.71 48,073 AFS 3.45 3.14 2.301

31394RJX8 Fixed CMO FH 2754A PD PAC1 Fix 102% FGLMC 5.00 266 Mos. 2,000,000 5 11/15/2032 3.77 104.43 107.04 2,088,518 2,140,898 3.07 52,380 AFS 3.98 3.57 2.526

31395F6J8 Fixed CMO FH 2836C EG PAC Fix 100% FGLMC 5.00 278 Mos. 2,000,000 5 12/15/2032 4.32 102.35 107.11 2,047,068 2,142,168 3.02 95,100 AFS 3.89 3.5 2.523

31394TA54 Fixed CMO FH 2768B GH PAC2 Fix 103% FGLMC 5.50 269 Mos. 51,149 4.5 3/15/2034 4.12 100 101.53 51,149 51,934 0.72 784 AFS 0.46 0.45 0.49

31397KSJ1 Fixed CMO FH 3370C JA PAC Fix 101% FGLMC 6.00 314 Mos. 485,047 6 4/15/2037 4.14 100.03 100 485,201 485,055 4.35 -146 AFS 0.15 0.15 0.588Morgan Keegan & Co., Inc. Confidential


Curr

Cpn Maturity

Book

Bey

Next Call

Date

Call

Price

Curr

Book

Price

Curr

Mkt


Mkt

BEY

Book

Profit/Loss

FAS

115

Avg

Life

Mod

Dur

Eff

Dur

94986ABH0 Fixed CMO WFMBS 078 2A8 PAC Fix WHLN 28% WL30 6.05 324 1,000,000 6 7/25/2037 5.85 100 89.14 1,000,000 891,409 12.11 -108,591 AFS 2.04 1.79 6.514

38374TDH4 Fixed CMO GN 099C TA PAC1 Fix 143% G2SF 6.00 309 Mos. 2,216,846 4.5 8/20/2038 3.48 102.85 104.34 2,279,953 2,313,074 2.98 33,121 AFS 3.21 2.92 2.666

31398FFM8 Fixed CMO FN 0977E ND PAC AccDirect Fix 121% FNNP 5.50 327 1,761,130 4 4/25/2039 3.33 101.78 100.7 1,792,485 1,773,445 3.7 -19,040 AFS 3.21 2.9 3.046

14 Fixed CMO AFS 14,049,769 4.86 3.93 102.61 104.3 14,414,029 14,622,167 3.64 208,138 AFS 3.24 2.92 2.708

627087CJ6 Taxfree Muni MURRAY KY INDPT SCH DIST FIN CORP SCH BLDG 1,000,000 3 3/1/2011 3 100 101.52 1,000,000 1,015,240 0.96 15,240 AFS 0.75 0.74 0.496

745706CE9 Taxfree Muni PULASKI VA 1,000,000 4.2 7/1/2011 4.28 99.91 103.82 999,107 1,038,220 0.65 39,113 AFS 1.08 1.05 0.705

278443C61 Taxfree Muni EAU CLAIRE WIS 1,000,000 3.75 4/1/2013 3.7 100.12 106.6 1,001,181 1,066,020 1.37 64,839 AFS 2.83 2.69 1.801

969080DM9 Taxfree Muni WILL GRUNDY ETC CNTYS ILL CMNTY COLLEGE 1,000,000 4 1/1/2014 3.78 1/1/2013 100 100.54 106.45 1,005,449 1,064,540 1.45 59,091 AFS 2.58 2.43 1.645

838345FG6 Taxfree Muni SOUTH HOLLAND ILL 500,000 3.75 12/15/2014 3.57 100.76 107.14 503,822 535,720 2.09 31,898 AFS 4.54 4.12 2.791

005104EW0 Taxfree Muni ACUSHNET MASS 500,000 4.25 8/1/2015 3.84 101.91 110.49 509,525 552,445 2.1 42,920 AFS 5.17 4.61 3.116

365856HR7 Taxfree Muni GARFIELD N J 1,000,000 4 3/1/2016 3.66 101.73 108.69 1,017,315 1,086,940 2.37 69,625 AFS 5.75 5.11 3.442

107279AN1 Taxfree Muni BRENTWOOD CALIF UN ELEM SCH DIST 1,000,000 3.9 8/1/2016 11.24 8/1/2010 101 99.76 101.22 997,577 1,012,160 2.54 14,583 AFS 0.17 0.17 0.269

278443D29 Taxfree Muni EAU CLAIRE WIS 1,000,000 4.1 4/1/2017 4.18 10/1/2013 100 99.74 105.17 997,398 1,051,740 2.47 54,343 AFS 3.33 3.1 2.079

627087CR8 Taxfree Muni MURRAY KY INDPT SCH DIST FIN CORP SCH BLDG 1,000,000 4 3/1/2018 4 3/1/2014 100 100 104.02 1,000,000 1,040,180 2.86 40,180 AFS 3.75 3.44 2.318

311297J30 Taxfree Muni FARMINGTON MINN 500,000 4 2/1/2019 4.06 2/1/2017 100 99.65 105.02 498,273 525,100 3.16 26,827 AFS 6.67 5.78 3.9

005104FB5 Taxfree Muni ACUSHNET MASS 1,000,000 4.1 8/1/2020 4.18 8/1/2015 100 99.62 103.86 996,235 1,038,610 3.28 42,375 AFS 5.17 4.58 3.097

015824CW3 Taxfree Muni ALGONQUIN ILL 1,000,000 4 4/1/2021 4 4/1/2014 100 100 101.95 1,000,000 1,019,530 3.45 19,530 AFS 3.83 3.51 2.654

005104FC3 Taxfree Muni ACUSHNET MASS 1,000,000 4.15 8/1/2021 4.24 8/1/2015 100 99.6 103.47 995,953 1,034,710 3.41 38,757 AFS 5.17 4.57 3.091

864161FF6 Taxfree Muni STURTEVANT WIS 1,000,000 4.15 3/1/2022 4.2 3/1/2015 100 99.58 95.07 995,769 950,730 4.7 -45,039 AFS 11.75 9.03 5.787

272785PJ9 Taxfree Muni EAST HANOVER TWP N J 1,000,000 3.9 3/15/2022 3.99 3/15/2016 100 99.56 102.5 995,579 1,024,950 3.42 29,371 AFS 5.79 5.12 3.821

311297J71 Taxfree Muni FARMINGTON MINN 500,000 4.15 2/1/2023 4.18 2/1/2017 100 99.81 102.51 499,062 512,560 3.72 13,498 AFS 6.67 5.72 4.318

236800CN6 Taxfree Muni DANVILLE OHIO LOC SCH DIST 850,000 5.75 12/1/2023 3.36 12/1/2010 101 102.16 102.47 868,369 870,995 2.74 2,626 AFS 0.5 0.48 0.329

959401BV1 Taxfree Muni WESTERN RESERVE OHIO LOC SCH DIST HURON 850,000 5.75 12/1/2023 3.42 12/1/2010 102 103.11 103.63 876,435 880,821 2.41 4,386 AFS 0.5 0.48 0.329

365856HZ9 Taxfree Muni GARFIELD N J 1,000,000 4 3/1/2024 4 3/1/2018 100 100 101.73 1,000,000 1,017,300 3.74 17,300 AFS 7.75 6.56 5.165

050375KK9 Taxfree Muni AUBURN ME 1,100,000 4.25 9/1/2024 4.72 9/1/2014 101 97.85 101.59 1,076,298 1,117,523 3.91 41,225 AFS 5.25 4.63 4.045

015824DA0 Taxfree Muni ALGONQUIN ILL 1,000,000 4.15 4/1/2025 4.21 4/1/2014 100 99.79 100.95 997,928 1,009,470 3.88 11,542 AFS 3.83 3.49 3.766

543536BS4 Taxfree Muni LOPATCONG TWP N J 1,000,000 4 9/1/2026 4.42 9/1/2017 100 97.43 100.31 974,334 1,003,070 3.95 28,736 AFS 7.25 6.18 5.776

100853FV7 Taxfree Muni BOSTON MASS 1,000,000 4.5 4/1/2027 4.64 4/1/2019 100 98.98 106.36 989,752 1,063,610 3.65 73,858 AFS 8.83 7.26 4.874

365856JD6 Taxfree Muni GARFIELD N J 1,000,000 4.13 3/1/2028 4.26 3/1/2018 100 99.1 100.89 991,030 1,008,870 3.99 17,840 AFS 7.75 6.52 5.855

100853FX3 Taxfree Muni BOSTON MASS 1,000,000 4.75 4/1/2029 4.75 4/1/2019 100 100 107.53 999,982 1,075,290 3.74 75,308 AFS 8.83 7.19 4.834

26 Taxfree Muni AFS 23,800,000 4.17 4.34 99.96 103.52 23,786,371 24,616,344 2.94 829,973 AFS 4.79 4.14 3.078

972183HN0 Taxable Muni WILSON CNTY TENN TENTH SPL SCHDIST 2,000,000 4.65 4/1/2020 4.65 100 102.46 2,000,000 2,049,180 4.34 49,180 AFS 9.83 7.8 7.873

882722JY8 Taxable Muni TEXAS ST 1,000,000 5.33 10/1/2021 5.33 10/1/2019 100 100 106.81 1,000,000 1,068,110 4.43 68,110 AFS 9.33 7.32 7.445

517840S54 Taxable Muni LAS VEGAS VALLEY NEV WTR DIST 1,000,000 7.01 6/1/2039 7.01 100 112.1 1,000,000 1,120,970 6.12 120,970 AFS 29 12.77 13.275

3 Taxable Muni AFS 4,000,000 5.41 5.41 100 106.1 4,000,000 4,238,260 4.81 238,260 AFS 14.5 8.92 9.194

142 AFS 96,466,783 4.57 4.27 100.7 104.6 97,152,650 100,806,325 2.76 3,653,675 AFS 4.03 3.41 2.52

Grand

Total

(142)

96,466,783 4.57 4.27 100.7 104.6 97,152,650 100,806,325 2.76 3,653,675 4.03 3.41 2.52


Coupon WAM WALA % Total Current Face Book Price Book Yield Avg Life Book Yield Avg Life

5 Year < 4.00 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.00-4.49 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.50-4.99 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

5.00-5.49 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

>= 5.50 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

Total 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

7 Year < 4.00 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.00-4.49 1 83 22% 79,838 100.001 1.79 0.13 1.62 0.12

4.50-4.99 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

5.00-5.49 14 69 78% 286,012 100.186 4.02 0.40 4.63 0.98

>= 5.50 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

Total 11 72 2% 365,850 100.145 3.54 0.34 3.97 0.79

10 Year < 4.00 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.00-4.49 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.50-4.99 121 84 61% 342,788 100.808 3.63 1.29 3.52 1.15

5.00-5.49 121 89 35% 197,319 100.790 4.01 1.14 3.90 1.03

>= 5.50 121 107 5% 25,905 100.044 5.20 0.55 5.18 0.54

Total 121 87 3% 566,012 100.767 3.83 1.20 3.73 1.08

Projected 1 Mo Hist CPR

Fixed MBS Distribution & Coupon Stack


30 Year, 6,225,19920 Year, 6,891,638

15 Year, 6,262,70810 Year, 566,012

7 Year, 365,8505 Year, 0

0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000

5 Year7 Year10 Year15 Year

Coupon WAM WALA % Total Current Face Book Price Book Yield Avg Life Book Yield Avg Life

Projected 1 Mo Hist CPR

Fixed MBS Distribution & Coupon Stack


30 Year, 6,225,19920 Year, 6,891,638

15 Year, 6,262,70810 Year, 566,012

7 Year, 365,8505 Year, 0

0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000

5 Year7 Year10 Year15 Year

15 Year < 4.50 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.50-4.99 181 28 38% 2,351,741 101.698 3.81 2.93 4.12 5.24

5.00-5.49 175 69 42% 2,602,847 100.456 4.72 2.68 4.78 3.15

5.50-5.99 180 25 20% 1,231,818 100.376 5.32 2.93 5.30 2.60

>= 6.00 180 125 1% 76,302 100.466 6.02 1.80 6.11 2.23

Total 178 46 31% 6,262,708 100.911 4.51 2.81 4.65 3.82

20 Year < 4.50 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

4.50-4.99 241 76 18% 1,239,804 99.527 4.59 3.99 4.61 5.50

5.00-5.49 241 54 18% 1,254,588 100.736 4.71 3.72 4.69 3.43

5.50-5.99 240 34 24% 1,662,328 100.183 5.42 3.37 5.32 2.39

>= 6.00 240 46 40% 2,734,918 101.073 5.63 3.42 5.00 1.84

Total 240 50 34% 6,891,638 100.522 5.23 3.56 4.95 2.91

30 Year < 5.50 305 22 48% 2,960,047 103.385 4.00 3.91 4.42 7.82

5.50-5.99 360 68 12% 760,713 97.886 6.30 3.18 5.79 6.44

6.00-6.49 360 60 38% 2,369,333 99.453 6.12 3.64 6.08 2.61

6.50-6.99 0 0 0% 0 0.000 0.00 0.00 0.00 0.00

>= 7.00 360 134 2% 135,106 99.226 7.70 4.51 7.71 6.59

Total 334 45 31% 6,225,199 101.174 5.15 3.73 5.28 5.68

Total Total 242 49 100% 20,311,406 100.842 4.91 3.26 4.91 3.95

Original Current Book CPR CPR CPR Avg Life Avg Life Avg Life Bk Yld Bk Yld Bk Yld

CUSIP Type Issuer Description Coupon Maturity Face Factor Face Price 1 Mth 3 Mth 1 Yr 1 Mth 3 Mth 1 Yr 1 Mth 3 Mth 1 Yr FAS115

31282SA51 Fixed MBS FHLMC FGSB M80928 5.000 08/01/11 FH 7yr BAL GOLD 5.00 08/01/11 1,200,000 0.23834317 286,012 100.19 34.49 41.40 35.06 0.98 0.92 0.98 4.63 4.60 4.63 AFS

3128CUNU6 Fixed MBS FHLMC FGTW G30403 5.500 06/01/28 FH 20yr GOLD 5.50 06/01/28 1,000,000 0.63672054 636,721 100.60 41.08 35.46 22.72 1.76 2.09 3.28 5.04 5.12 5.26 AFS

3128M5XP0 Fixed MBS FHLMC FGLMC G03986 5.500 03/01/38 FH 30yr GOLD 5.50 03/01/38 750,000 0.63467499 476,006 101.16 15.53 37.81 20.69 5.18 2.03 3.96 5.22 4.80 5.14 AFS

3128M7KL9 Fixed MBS FHLMC FGLMC G05399 5.000 05/01/34 FH 30yr GOLD 5.00 05/01/34 3,200,000 0.85454327 2,734,538 104.28 7.87 24.09 12.16 7.63 3.27 5.85 4.29 3.50 4.10 AFS

3128MBWE3 Fixed MBS FHLMC FGCI G13145 5.500 04/01/23 FH 15yr GOLD 5.50 04/01/23 2,500,000 0.49272727 1,231,818 100.38 25.73 33.93 29.88 2.60 2.03 2.29 5.30 5.23 5.26 AFS

3128MCGA7 Fixed MBS FHLMC FGCI G13593 4.500 07/01/24 FH 15yr GOLD 4.50 07/01/24 2,000,000 0.88352711 1,767,054 102.08 5.62 7.43 5.88 5.43 4.08 4.05 AFS

3128P7C76 Fixed MBS FHLMC FGTW C90994 6.000 10/01/26 FH 20yr GOLD 6.00 10/01/26 1,700,000 0.38899666 661,294 101.12 34.16 40.03 29.81 2.16 1.80 2.48 5.35 5.23 5.44 AFS

3128P7DL4 Fixed MBS FHLMC FGTW C91007 5.500 12/01/26 FH 20yr GOLD 5.50 12/01/26 2,300,000 0.44591639 1,025,608 99.92 26.57 37.17 30.08 2.78 1.96 2.46 5.50 5.48 5.49 AFS

3128P7FQ1 Fixed MBS FHLMC FGTW C91075 6.000 08/01/27 FH 20yr GOLD 6.00 08/01/27 1,750,000 0.46360208 811,304 100.38 31.85 39.00 31.00 2.34 1.87 2.41 5.77 5.70 5.77 AFS

312969ZK7 Fixed MBS FHLMC FGCI B17046 5.000 10/01/19 FH 15yr GOLD 5.00 10/01/19 1,400,000 0.49661086 695,255 100.33 1.21 1.15 5.25 4.75 4.76 4.19 4.92 4.92 4.90 AFS

Fixed MBS FHLMC 5.22 10/10/27 17,800,000 10,325,610 101.77 17.60 26.10 21.36 4.66 3.07 3.78 4.81 4.55 4.91

31365DN92 Fixed MBS FNMA FNCT 124716 8.000 03/01/13 FN 20yr 8.00 03/01/13 21,711,827 0.00240718 52,264 100.06 8.02 6.20 12.37 1.08 1.09 1.04 7.52 7.52 7.50 AFS

31371J6M1 Fixed MBS FNMA FNCN 253876 6.000 07/01/11 FN 10yr 6.00 07/01/11 2,543,000 0.01018664 25,905 100.04 17.76 35.86 29.99 0.54 0.50 0.51 5.18 5.11 5.14 AFS

31371JRQ9 Fixed MBS FNMA FNCI 253495 6.500 08/01/15 FN 15yr 6.50 08/01/15 1,300,000 0.02902801 37,736 100.53 0.25 0.23 0.22 2.71 2.71 2.71 6.18 6.18 6.18 AFS

31371K4A6 Fixed MBS FNMA FNCN 254717 4.500 04/01/13 FN 10yr 4.50 04/01/13 1,900,000 0.10919338 207,467 100.72 26.03 23.35 20.24 1.09 1.12 1.15 3.55 3.58 3.60 AFS

31371KBN0 Fixed MBS FNMA FNCT 253945 6.500 08/01/21 FN 20yr 6.50 08/01/21 1,731,452 0.03649614 63,191 102.15 5.54 14.65 13.96 4.91 3.59 3.68 5.93 5.72 5.74 AFS

31371KEQ0 Fixed MBS FNMA FNCT 254043 6.000 10/01/21 FN 20yr 6.00 10/01/21 2,036,818 0.05706332 116,228 99.76 37.87 15.92 18.45 1.80 3.43 3.16 5.97 6.01 6.01 AFS

31371KNL1 Fixed MBS FNMA FNCT 254295 6.000 04/01/22 FN 20yr 6.00 04/01/22 1,000,000 0.07233311 72,333 99.70 35.54 25.53 23.14 1.95 2.60 2.80 6.01 6.02 6.03 AFS

31371KXP1 Fixed MBS FNMA FNCN 254586 5.000 01/01/13 FN 10yr 5.00 01/01/13 2,650,000 0.07446004 197,319 100.79 23.39 22.93 23.47 1.03 1.04 1.03 3.90 3.90 3.90 AFS

31371LA82 Fixed MBS FNMA FNCT 254831 5.000 08/01/23 FN 20yr 5.00 08/01/23 1,900,000 0.32784152 622,899 101.06 16.15 16.54 18.30 3.71 3.66 3.43 4.61 4.60 4.58 AFS

31371LAF6 Fixed MBS FNMA FNCN 254806 4.500 07/01/13 FN 10yr 4.50 07/01/13 1,000,000 0.13532049 135,320 100.94 20.37 20.60 18.24 1.24 1.23 1.26 3.48 3.47 3.50 AFS

31371LBA6 Fixed MBS FNMA FNCI 254833 4.500 08/01/18 FN 15yr 4.50 08/01/18 1,900,000 0.30772986 584,687 100.53 9.63 11.65 13.43 3.26 3.09 2.95 4.25 4.24 4.22 AFS

31371LBD0 Fixed MBS FNMA FNCX 254836 4.000 07/01/10 FN 7yr BAL 4.00 07/01/10 1,000,000 0.07983799 79,838 100.00 99.88 94.73 70.76 0.12 0.13 0.14 1.62 1.93 2.08 AFS

31371LE21 Fixed MBS FNMA FNCI 254953 5.000 11/01/18 FN 15yr 5.00 11/01/18 1,800,000 0.27066340 487,194 101.19 10.24 10.53 12.67 3.28 3.25 3.08 4.52 4.52 4.49 AFS

31371LGF0 Fixed MBS FNMA FNCT 254998 4.500 11/01/23 FN 20yr 4.50 11/01/23 1,350,000 0.44442604 599,975 99.20 17.17 11.78 14.35 3.59 4.39 3.98 4.70 4.67 4.69 AFS

31371LMN6 Fixed MBS FNMA FNCT 255165 4.500 03/01/24 FN 20yr 4.50 03/01/24 1,400,000 0.45702050 639,829 99.83 0.44 11.30 14.59 7.28 4.55 4.00 4.52 4.51 4.50 AFS

31371LSD2 Fixed MBS FNMA FNCI 255316 5.000 07/01/19 FN 15yr 5.00 07/01/19 1,500,000 0.32490763 487,361 100.26 20.01 17.35 16.73 2.66 2.86 2.91 4.80 4.81 4.82 AFS

31371NSV8 Fixed MBS FNMA FNCT 257132 5.000 03/01/28 FN 20yr 5.00 03/01/28 1,000,000 0.63168877 631,689 100.42 23.74 25.72 22.79 3.16 2.94 3.28 4.77 4.75 4.78 AFS

31379L4Y4 Fixed MBS FNMA FNCL 423039 5.000 03/01/28 FN 30yr 5.00 03/01/28 1,099,213 0.20515416 225,508 90.97 0.05 79.88 33.86 10.43 0.64 2.23 6.28 21.28 9.93 AFS

31380WEG5 Fixed MBS FNMA FNCL 452035 5.500 11/01/28 FN 30yr 5.50 11/01/28 4,534,709 0.06278399 284,707 91.87 1.03 1.04 19.98 8.77 8.77 3.57 6.85 6.85 8.41 AFS

31382PH91 Fixed MBS FNMA FNCI 488156 6.500 03/01/14 FN 15yr 6.50 03/01/14 2,355,000 0.01637601 38,566 100.40 6.50 6.24 29.15 1.75 1.75 1.30 6.05 6.05 5.88 AFS

31387W3N5 Fixed MBS FNMA FNK2 596705 6.000 04/01/32 FN 15+YR W/3YR PPY PREM 6.00 04/01/32 5,900,000 0.13999043 825,944 99.56 10.88 21.27 32.22 6.18 3.68 2.42 6.08 6.08 6.09 AFS

31402RHY8 Fixed MBS FNMA FNCI 735647 5.000 12/01/17 FN 15yr 5.00 12/01/17 1,250,000 0.34156547 426,957 100.94 14.90 14.19 15.31 2.66 2.71 2.64 4.51 4.52 4.51 AFS

31403UV57 Fixed MBS FNMA FNCI 758536 5.000 04/01/19 FN 15yr 5.00 04/01/19 1,000,000 0.50607930 506,079 99.70 37.27 14.82 4.36 1.71 3.05 4.09 5.03 5.04 5.04 AFS

31410F2N4 Fixed MBS FNMA FNCT 888281 6.000 04/01/27 FN 20yr 6.00 04/01/27 2,100,000 0.45633521 958,304 101.87 61.69 40.40 28.77 1.03 1.81 2.61 3.73 4.68 5.07 AFS

31410MRV4 Fixed MBS FNMA FNCL 891600 6.000 06/01/36 FN 30yr 6.00 06/01/36 3,000,000 0.32810633 984,319 98.81 71.04 56.65 41.54 0.82 1.20 1.83 7.09 6.79 6.56 AFS

31413TME9 Fixed MBS FNMA FNNP 954957 6.000 10/01/37 FN 30YR 7-10YR IO 6.00 10/01/37 1,000,000 0.55907026 559,070 100.40 88.60 59.96 30.92 0.49 1.12 2.72 4.33 5.28 5.72 AFS

Fixed MBS FNMA 5.29 04/12/25 69,962,020 9,850,690 99.87 30.41 26.78 22.76 3.16 2.84 2.84 4.97 5.40 5.24

36202DEL1 Fixed MBS GNMA G2SF 002839 7.500 11/20/29 GN2 30yr SF 7.50 11/20/29 6,015,389 0.01234187 74,241 98.20 11.74 10.05 15.98 5.64 6.17 4.57 7.97 7.94 8.03 AFS

36202DFH9 Fixed MBS GNMA G2SF 002868 8.000 01/20/30 GN2 30yr SF 8.00 01/20/30 3,000,000 0.00844814 25,344 99.59 13.27 12.82 13.74 5.25 5.37 5.13 8.13 8.13 8.12 AFS

36208DB46 Fixed MBS GNMA GNSF 447459 7.000 03/15/27 GN1 30yr SF 7.00 03/15/27 4,000,000 0.00888011 35,520 101.05 0.26 0.35 0.39 9.47 9.42 9.40 6.89 6.89 6.89 AFS

Fixed MBS GNMA 7.46 03/18/29 13,015,389 135,106 99.23 8.95 7.97 11.38 6.59 6.89 5.97 7.71 7.69 7.74

5.27 07/29/26 100,777,408 20,311,406 100.84 23.70 26.31 22.02 3.95 2.98 3.30 4.91 4.98 5.11

Morgan Keegan Optimal Depository PortfolioFixed MBS Historical Speed Report

Portfolio Totals: 39


Book Avg Avg Avg Bk Bk Bk

Original Current Book Profit/ CPR CPR CPR CPR CPR Life Life Life Yld Yld Yld Basecase Begin Pay End Pay

CUSIP Type Description Coupon Maturity Face Factor Face Price Loss 1 Mth 3 Mth 6 Mth 1 Yr Life 1 Mth 3 Mth 1 Yr 1 Mth 3 Mth 1 Yr CPR Window Window Intent

31392HFV0 Fixed CMO FN 0297D EL Seq Fix 100% FNCT 5.50 144 Mos. 5.00 07/25/22 2,350,000 0.12196266 286,612 100.89 5,029 20 20 21 23 18 1.60 1.62 1.43 4.23 4.24 4.14 18 06/30/10 06/28/14 AFS

31393ERD3 Fixed CMO FN 0391A BC Seq Fix 107% FNCI 4.50 86 Mos. 4.50 11/25/16 975,000 0.09231641 90,009 99.99 1,648 15 14 16 16 12 0.60 0.61 0.56 4.01 4.02 3.98 14 06/30/10 08/28/11 AFS

31393RZM5 Fixed CMO FH 2627B BA Seq Fix 100% FGCI 4.50 89 Mos. 4.50 06/15/17 2,000,000 0.20704455 414,089 101.22 13,564 15 15 15 15 10 1.44 1.43 1.42 3.51 3.50 3.50 16 06/30/10 07/28/13 AFS

31394J6X0 Fixed CMO FH 2681 VA Seq AccDirect Fix 100% FGTW 5.00 153 Mos. 5.00 09/15/14 500,000 0.45971046 229,855 101.34 13,096 15 19 20 19 11 2.24 2.23 2.23 4.30 4.30 4.30 18 06/30/10 08/28/14 AFS

31394MMJ6 Fixed CMO FH 2716E GH PAC Fix 100% FGLMC 5.00 268 Mos. 5.00 04/15/32 1,900,000 1.00000000 1,900,000 104.83 48,073 9 20 19 18 11 4.93 4.00 4.47 3.90 3.67 3.80 23 08/28/12 06/28/15 AFS

31394RJX8 Fixed CMO FH 2754A PD PAC1 Fix 102% FGLMC 5.00 266 Mos. 5.00 11/15/32 2,000,000 1.00000000 2,000,000 104.43 52,380 14 20 18 17 11 4.73 4.22 4.67 3.95 3.83 3.93 21 07/28/12 03/28/17 AFS

31394TA54 Fixed CMO FH 2768B GH PAC2 Fix 103% FGLMC 5.50 269 Mos. 4.50 03/15/34 725,000 0.07055075 51,149 100.00 784 20 23 20 20 14 0.46 0.46 0.46 4.12 4.12 4.12 23 06/30/10 08/28/11 AFS

31395F6J8 Fixed CMO FH 2836C EG PAC Fix 100% FGLMC 5.00 278 Mos. 5.00 12/15/32 2,000,000 1.00000000 2,000,000 102.35 95,100 17 21 20 19 10 5.22 4.35 4.73 4.49 4.39 4.44 23 12/28/12 02/28/16 AFS

31397KSJ1 Fixed CMO FH 3370C JA PAC Fix 101% FGLMC 6.00 314 Mos. 6.00 04/15/37 1,000,000 0.48504735 485,047 100.03 -146 24 38 29 24 16 0.15 0.06 0.15 4.17 1.06 4.17 24 06/30/10 08/30/10 AFS

31397WW27 Fixed CMO FH 3471A V Seq AccDirect Fix 117% FGLMC 5.00 287 Mos. 5.00 08/15/20 1,300,000 0.88421283 1,149,477 102.16 59,793 17 26 21 20 15 4.00 2.98 3.59 4.39 4.19 4.32 19 06/30/10 07/28/15 AFS

31398FFM8 Fixed CMO FN 0977E ND PAC AccDirect Fix 121% FNNP 5.50 327 Mos. 4.00 04/25/39 1,900,000 0.92691027 1,761,130 101.78 -19,040 19 22 18 19 5.08 4.23 3.57 3.49 29 06/30/10 07/28/19 AFS

38374TDH4 Fixed CMO GN 099C TA PAC1 Fix 143% G2SF 6.00 309 Mos. 4.50 08/20/38 2,650,000 0.83654550 2,216,846 102.85 33,121 22 25 31 35 35 3.32 2.93 2.02 3.51 3.39 2.92 23 06/30/10 07/28/19 AFS

83162CSL8 Fixed CMO SBAP 2009-20D 1 4.31 04/01/29 500,000 0.93111199 465,556 101.45 13,326 14 10/30/10 11/30/10 AFS

94986ABH0 Fixed CMO WFMBS 078 2A8 PAC Fix WHLN 28% WL30 6.05 324 Mos. 6.00 07/25/37 1,000,000 1.00000000 1,000,000 100.00 -108,591 28 10/28/11 03/28/13 AFS

Fixed CMO 4.86 10/28/32 20,800,000 14,049,769 102.61 208,138 17 22 21 22 17 4.13 3.49 3.48 3.95 3.71 3.84 23 07/18/11 05/21/16

10/28/32 20,800,000 14,049,769 102.61 208,138 17 22 21 22 17 4.13 3.49 3.48 3.95 3.71 3.84 23 07/18/11 05/21/16

Morgan Keegan Optimal Depository PortfolioCMO Historical Speed Report

-- Projected --

Portfolio Totals: 14


Original Current Current Adj Next Per Life Life Avg Mkt

CUSIP Type Description Coupon Maturity Face Factor Face Index Margin Freq Reset Cap Cap Floor Intent Life BEY

31288VXC8 Floating MBS FH99AR 846075 4.420 07/01/22 FH ARM nonGOLD 2.45 07/01/22 10,858,710 0.020469640 222,274 1YR CMT 1.844 1 01/01/11 2.00 13.291 AFS 2.970 2.051

31295N5H7 Floating MBS FH99AR 789848 5.187 10/01/32 FH ARM nonGOLD 2.75 10/01/32 8,300,000 0.048577550 403,194 1YR CMT 2.250 1 10/01/10 2.00 10.110 AFS 7.390 2.000

31337NRD2 Floating MBS FH99AR 611384 4.953 12/01/32 FH ARM nonGOLD 2.95 12/01/32 2,250,000 0.029456220 66,277 1YR CMT 2.203 1 11/01/10 2.00 9.645 AFS 5.830 2.054

31342AVP1 Floating MBS FH99AR 780622 3.916 06/01/33 FH ARM nonGOLD 2.45 06/01/33 1,000,000 0.021276450 21,276 1YR CMT 2.076 1 04/01/11 2.00 9.569 AFS 6.250 2.205

31378VJR2 Floating MBS FN99AR 409872 5.415 05/01/28 FN ARM 2.97 05/01/28 4,077,726 0.002677800 10,919 1YR CMT 2.593 1 04/01/11 2.00 11.393 AFS 3.510 2.420

31384DFS6 Floating MBS FN99AR 520477 4.842 10/01/29 FN ARM 2.84 10/01/29 3,768,650 0.013948620 52,567 1YR CMT 2.092 1 10/01/10 2.00 11.842 AFS 5.990 2.099

31384EWK2 Floating MBS FN99AR 521850 3.989 01/01/30 FN ARM 2.62 01/01/30 3,000,000 0.016419710 49,259 1YR CMT 2.240 1 01/01/11 2.00 12.962 AFS 6.950 2.192

31385JHU5 Floating MBS FN99AR 545743 4.907 08/01/36 FN ARM 2.59 08/01/36 2,250,000 0.021611430 48,626 1YR CMT 2.217 1 04/01/11 2.00 10.999 AFS 7.170 1.920

31389L3F4 Floating MBS FN99AR 629098 3.125 04/01/32 FN ARM 2.50 04/01/32 2,350,000 0.001652880 3,884 1YR CMT 2.125 1 03/01/11 2.00 10.625 AFS 6.010 2.123

31389MKH9 Floating MBS FN99AR 629496 3.885 01/01/32 FN ARM 2.51 01/01/32 875,000 0.019707230 17,244 1YR CMT 2.135 1 01/01/11 2.00 11.510 AFS 7.080 2.134

31389NYY5 Floating MBS FN99AR 630827 3.540 02/01/32 FN ARM 2.67 02/01/32 1,000,000 0.008058040 8,058 1YR CMT 2.290 1 02/01/11 2.00 11.040 AFS 5.940 2.098

31390DGT5 Floating MBS FN99AR 642910 5.250 07/01/32 FN ARM 2.75 07/01/32 2,100,000 0.032718530 68,709 1YR CMT 2.250 1 06/01/11 2.00 11.292 AFS 6.470 2.179

31391MQY2 Floating MBS FN99AR 671071 4.023 01/01/33 FN ARM 2.65 01/01/33 3,800,000 0.056129720 213,293 1YR CMT 2.273 1 01/01/11 2.00 9.432 AFS 7.140 2.286

31391SRL6 Floating MBS FN99AR 675591 4.148 11/01/32 FN ARM 2.42 11/01/32 2,250,000 0.022441660 50,494 1YR CMT 1.997 1 11/01/10 2.00 9.528 AFS 6.700 1.875

31401EWZ8 Floating MBS FN99AR 706364 3.670 05/01/33 FN ARM 2.53 05/01/33 1,000,000 0.154235220 154,235 1YR CMT 2.152 1 05/01/11 2.00 9.065 AFS 7.290 1.964

31401JG28 Floating MBS FN99AR 709517 3.697 06/01/33 FN ARM 2.57 06/01/33 1,050,000 0.161288520 169,353 1YR CMT 2.198 1 05/01/11 2.00 8.976 AFS 9.210 2.168

31403GCN0 Floating MBS FN99AR 748077 4.344 09/01/33 FN ARM 3.80 09/01/33 2,000,000 0.128853970 257,708 1YR CMT 2.205 1 10/01/10 2.00 9.259 AFS 6.590 2.184

31404XSB1 Floating MBS FN99AR 781814 4.665 11/01/34 FN ARM 4.61 11/01/34 1,350,000 0.500263670 675,356 1YR CMT 2.000 1 11/01/14 2.00 9.610 AFS 5.850 2.553

31411WPJ0 Floating MBS FN99AR 916725 4.655 10/01/36 FN ARM 3.18 10/01/36 1,400,000 0.430039020 602,055 1YR CMT 2.282 1 01/01/11 2.00 10.644 AFS 8.370 2.013

36225CC61 Floating MBS G2AR 080092 4.625 07/20/27 GN2 ARM 3.63 07/20/27 4,906,407 0.010591970 51,969 1YR CMT 1.500 1 10/01/10 1.00 10.000 AFS 4.460 1.191

36225CGG5 Floating MBS G2AR 080198 5.375 05/20/28 GN2 ARM 4.38 05/20/28 4,316,640 0.013258440 57,232 1YR CMT 1.500 1 07/01/10 1.00 10.500 0.500 AFS 4.210 1.257

36225CME3 Floating MBS G2AR 080356 4.125 12/20/29 GN2 ARM 3.13 12/20/29 3,003,775 0.005351770 16,076 1YR CMT 1.500 1 01/01/11 1.00 11.500 1.500 AFS 5.350 1.451

36225CMJ2 Floating MBS G2AR 080360 3.750 01/20/30 GN2 ARM 2.75 01/20/30 1,041,358 0.119139020 124,066 1YR CMT 1.500 1 04/01/11 1.00 9.000 AFS 5.350 1.463

36225CMP8 Floating MBS G2AR 080365 4.250 01/20/30 GN2 ARM 3.25 01/20/30 3,000,000 0.010870030 32,610 1YR CMT 1.500 1 04/01/11 1.00 11.500 1.500 AFS 4.870 1.403

36225CTM8 Floating MBS G2AR 080555 3.875 11/20/31 GN2 ARM 2.88 11/20/31 2,002,678 0.045417260 90,956 1YR CMT 1.500 1 01/01/11 1.00 9.500 AFS 5.760 1.467

36225DCW2 Floating MBS G2AR 080984 3.625 07/20/34 GN2 ARM 2.63 07/20/34 1,750,000 0.193018280 337,782 1YR CMT 1.500 1 10/01/10 1.00 8.500 AFS 6.200 1.472

Floating MBS 3.21 02/13/33 74,700,945 0.213340340 3,805,471 1YR CMT 2.030 08/24/11 1.81 10.020 0.960 6.590 2.040

3128JL2D0 Floating MBS FH99AR 1B1771 4.461 06/01/34 FH ARM nonGOLD 3.58 06/01/34 2,500,000 0.023739150 59,348 LIBOR12M 1.702 1 07/01/10 2.00 9.568 AFS 6.900 2.289

3128JMS73 Floating MBS FH99AR 1B2441 5.098 11/01/35 FH ARM nonGOLD 5.14 11/01/35 2,750,000 0.459634020 1,263,994 LIBOR12M 1.765 1 12/01/15 2.00 10.138 AFS 4.160 3.005

3128JNC37 Floating MBS FH99AR 1B2889 5.773 04/01/35 FH ARM nonGOLD 5.00 04/01/35 1,250,000 0.171824080 214,780 LIBOR12M 1.887 1 05/01/12 2.00 9.997 AFS 8.760 2.866

3128JNJG1 Floating MBS FH99AR 1B3062 5.554 08/01/36 FH ARM nonGOLD 5.37 08/01/36 1,500,000 0.212156670 318,235 LIBOR12M 1.774 1 09/01/13 2.00 10.371 AFS 4.910 2.883

3128QKFK4 Floating MBS FH99AR 1G5169 4.901 03/01/38 FH ARM nonGOLD 4.90 03/01/38 1,500,000 0.998987450 1,498,481 LIBOR12M 1.380 1 04/01/18 2.00 9.901 AFS 2.920 2.655

3128QSK39 Floating MBS FH99AR 1G2114 5.542 08/01/37 FH ARM nonGOLD 5.54 08/01/37 1,700,000 0.621244580 1,056,116 LIBOR12M 1.834 1 08/01/17 2.00 10.537 AFS 4.200 3.428

31400B2R6 Floating MBS FN99AR 683084 4.390 02/01/33 FN ARM 2.68 02/01/33 2,000,000 0.017906230 35,812 LIBOR12M 1.635 1 01/01/11 2.00 9.568 AFS 7.010 2.243

31402A5P7 Floating MBS FN99AR 723654 4.473 07/01/33 FN ARM 2.85 07/01/33 2,300,000 0.135749330 312,223 LIBOR12M 1.750 1 03/01/11 2.00 9.250 AFS 7.220 1.831

31410FR98 Floating MBS FN99AR 888012 5.787 10/01/36 FN ARM 5.83 10/01/36 2,000,000 0.327497060 654,994 LIBOR12M 1.706 1 09/01/11 2.00 10.832 AFS 7.830 2.704

31413LRY7 Floating MBS FN99AR 948803 5.517 08/01/37 FN ARM 5.52 08/01/37 1,300,000 0.664814080 864,258 LIBOR12M 1.190 1 08/01/17 2.00 10.519 AFS 4.250 3.418

Floating MBS 5.14 11/22/36 18,800,000 0.584873710 6,278,242 LIBOR12M 1.600 12/27/15 2.00 10.230 4.670 2.940

83164FRT3 Floating MBS SBAVR 504998 3.625 05/25/14 SBA VARIABLE RATE 3.63 05/25/14 372,512 0.140377310 52,292 PRIME 0.375 4 07/01/10 AFS 1.800 2.305

83164FVM3 Floating MBS SBAVR 505120 3.625 03/25/14 SBA VARIABLE RATE 3.63 03/25/14 460,000 0.127370360 58,590 PRIME 0.375 4 07/01/10 AFS 1.740 2.563

83164G2H4 Floating MBS SBAVR 506176 3.875 04/25/16 SBA VARIABLE RATE 3.88 04/25/16 250,000 0.158382730 39,596 PRIME 0.625 12 07/01/10 AFS 2.430 2.277

83164G3N0 Floating MBS SBAVR 506205 3.865 06/25/16 SBA VARIABLE RATE 3.87 06/25/16 750,000 0.190726640 143,045 PRIME 0.615 4 07/01/10 AFS 2.480 1.870

83164GJY9 Floating MBS SBAVR 505679 3.875 01/25/11 SBA VARIABLE RATE 3.88 01/25/11 500,000 0.028944760 14,472 PRIME 0.625 12 07/01/10 AFS 0.440 2.913

83164H6K1 Floating MBS SBAVR 507174 3.375 03/25/16 SBA VARIABLE RATE 3.38 03/25/16 475,000 0.305615340 145,167 PRIME 0.125 4 07/01/10 AFS 2.390 1.868

Morgan Keegan Optimal Depository PortfolioARM Report


Original Current Current Adj Next Per Life Life Avg Mkt

CUSIP Type Description Coupon Maturity Face Factor Face Index Margin Freq Reset Cap Cap Floor Intent Life BEY

83164HQE3 Floating MBS SBAVR 506753 3.750 12/25/16 SBA VARIABLE RATE 3.75 12/25/16 500,000 0.250033250 125,017 PRIME 0.500 12 07/01/10 AFS 2.620 2.256

83164HVA5 Floating MBS SBAVR 506909 3.375 09/25/17 SBA VARIABLE RATE 3.38 09/25/17 500,000 0.274446290 137,223 PRIME 0.125 4 07/01/10 AFS 2.820 2.024

83164J6W1 Floating MBS SBAVR 508085 3.325 11/25/18 SBA VARIABLE RATE 3.33 11/25/18 500,000 0.488706870 244,353 PRIME 0.075 4 07/01/10 AFS 3.110 1.678

83164JHU3 Floating MBS SBAVR 507443 3.125 01/25/19 SBA VARIABLE RATE 3.13 01/25/19 750,000 0.390970490 293,228 PRIME -0.125 4 07/01/10 AFS 3.150 1.646

83164JYT7 Floating MBS SBAVR 507922 3.515 06/25/16 SBA VARIABLE RATE 3.52 06/25/16 500,000 0.523247450 261,624 PRIME 0.265 4 07/01/10 AFS 2.470 1.877

83164KL27 Floating MBS SBAVR 508445 4.075 02/25/20 SBA VARIABLE RATE 4.08 02/25/20 500,000 0.621756670 310,878 PRIME 0.825 4 07/01/10 AFS 3.430 1.802

83164KLZ4 Floating MBS SBAVR 508444 3.825 02/25/20 SBA VARIABLE RATE 3.83 02/25/20 500,000 0.701439550 350,720 PRIME 0.575 4 07/01/10 AFS 3.420 1.738

83165ACR3 Floating MBS SBAVR 521680 4.040 04/25/35 SBA VARIABLE RATE 4.04 04/25/35 450,000 0.990418760 445,688 PRIME 0.791 12 07/01/10 AFS 5.430 2.039

Floating MBS 3.68 01/27/21 7,007,512 0.539202600 2,621,894 PRIME 0.430 07/01/10 3.350 1.890

Floating MBS 4.26 07/01/32 100,508,457 0.464170760 12,705,607 1.480 07/21/13 1.93 10.150 0.960 4.960 2.450

4.26 07/01/32 100,508,457 0.464170760 12,705,607 1.479 07/21/13 1.93 10.150 0.960 4.960 2.450Portfolio Totals: 50




31288VXC8 Floating MBS FHLMC FH99AR 846075 4.420 07/01/22 FH ARM nonGOLD 2.54 07/01/22 10,858,710 0.02047 222,274 100.82 13.62 7.86 6.54 2.96 3.41 3.53 1.87 1.91 1.92 AFS

3128JL2D0 Floating MBS FHLMC FH99AR 1B1771 4.461 06/01/34 FH ARM nonGOLD 3.58 06/01/34 2,500,000 0.023739 59,348 99.02 -0.06 -0.07 29.12 13.74 13.74 2.73 2.9 2.9 3.11 AFS

3128JMS73 Floating MBS FHLMC FH99AR 1B2441 5.098 11/01/35 FH ARM nonGOLD 5.14 11/01/35 2,750,000 0.459634 1,263,994 98.27 1.39 40.01 22.26 13.5 1.96 3.69 4.14 5.75 5.22 AFS

3128JNC37 Floating MBS FHLMC FH99AR 1B2889 5.773 04/01/35 FH ARM nonGOLD 5 04/01/35 1,250,000 0.171824 214,780 101.16 0.13 96.24 55.94 14.61 0.39 1.27 3.29 0.4 3.25 AFS

3128JNJG1 Floating MBS FHLMC FH99AR 1B3062 5.554 08/01/36 FH ARM nonGOLD 5.37 08/01/36 1,500,000 0.212157 318,235 100.37 0.17 53.08 49.15 15.53 1.38 1.52 3.56 4.47 4.49 AFS

3128QKFK4 Floating MBS FHLMC FH99AR 1G5169 4.901 03/01/38 FH ARM nonGOLD 4.9 03/01/38 1,500,000 0.998987 1,498,481 99.65 -1.24 -1.28 -1.24 19.37 19.37 19.37 3.78 3.78 3.78 AFS

3128QSK39 Floating MBS FHLMC FH99AR 1G2114 5.542 08/01/37 FH ARM nonGOLD 5.53 08/01/37 1,700,000 0.621245 1,056,116 100.42 53.94 51.65 27.53 1.37 1.46 3.15 4.71 4.75 5.03 AFS

31295N5H7 Floating MBS FHLMC FH99AR 789848 5.187 10/01/32 FH ARM nonGOLD 2.75 10/01/32 8,300,000 0.048578 403,194 100.61 1.7 3.83 39.59 11.87 10.11 1.97 2.52 2.51 2.14 AFS

31337NRD2 Floating MBS FHLMC FH99AR 611384 4.953 12/01/32 FH ARM nonGOLD 2.95 12/01/32 2,250,000 0.029456 66,277 102.11 0.6 1.52 0.65 12.66 11.78 12.61 2.35 2.34 2.35 AFS

31342AVP1 Floating MBS FHLMC FH99AR 780622 3.916 06/01/33 FH ARM nonGOLD 2.45 06/01/33 1,000,000 0.021276 21,276 102.28 79.37 40.65 12.38 0.71 1.9 5.76 -1.18 1.05 1.95 AFS

Floating MBS FHLMC 4.8 01/05/36 33,608,710 5,123,974 99.75 12.26 28.32 20.04 12.22 7.82 7.89 3.79 4.14 4.17

31378VJR2 Floating MBS FNMA FN99AR 409872 5.415 05/01/28 FN ARM 2.97 05/01/28 4,077,726 0.002678 10,919 98.79 0.98 0.92 66.79 4.22 4.23 0.85 3.23 3.23 4.21 AFS

31384DFS6 Floating MBS FNMA FN99AR 520477 4.842 10/01/29 FN ARM 2.84 10/01/29 3,768,650 0.013949 52,567 99.6 0.72 0.72 0.54 10.82 10.82 10.95 2.49 2.49 2.49 AFS

31384EWK2 Floating MBS FNMA FN99AR 521850 3.989 01/01/30 FN ARM 2.62 01/01/30 3,000,000 0.01642 49,259 98.28 1.25 1.26 0.94 10.4 10.39 10.62 2.78 2.78 2.78 AFS

31385JHU5 Floating MBS FNMA FN99AR 545743 4.907 08/01/36 FN ARM 2.59 08/01/36 2,250,000 0.021611 48,626 101.66 0.97 0.88 3.46 12.19 12.27 10.11 2.4 2.4 2.37 AFS

31389L3F4 Floating MBS FNMA FN99AR 629098 3.125 04/01/32 FN ARM 2.5 04/01/32 2,350,000 0.001653 3,884 101.95 0.09 0.27 30.43 12.37 12.2 2.53 2.28 2.28 1.61 AFS

31389MKH9 Floating MBS FNMA FN99AR 629496 3.885 01/01/32 FN ARM 2.51 01/01/32 875,000 0.019707 17,244 100.93 0.47 0.52 0.18 12.19 12.14 12.46 2.39 2.39 2.39 AFS

31389NYY5 Floating MBS FNMA FN99AR 630827 3.540 02/01/32 FN ARM 2.67 02/01/32 1,000,000 0.008058 8,058 100.73 0.29 0.3 0.1 12.23 12.22 12.41 2.57 2.57 2.57 AFS

31390DGT5 Floating MBS FNMA FN99AR 642910 5.250 07/01/32 FN ARM 3.25 07/01/32 2,100,000 0.032719 68,709 102.11 2.9 2.91 3.06 10.57 10.56 10.45 2.42 2.42 2.41 AFS

31391MQY2 Floating MBS FNMA FN99AR 671071 4.023 01/01/33 FN ARM 2.65 01/01/33 3,800,000 0.05613 213,293 100.56 88.22 51.2 16.46 0.49 1.37 4.59 1.13 2.09 2.46 AFS

31391SRL6 Floating MBS FNMA FN99AR 675591 4.148 11/01/32 FN ARM 2.42 11/01/32 2,250,000 0.022442 50,494 102.15 3.02 45.83 41.86 10.53 1.59 1.78 2.11 0.89 1.04 AFS

31400B2R6 Floating MBS FNMA FN99AR 683084 4.390 02/01/33 FN ARM 2.68 02/01/33 2,000,000 0.017906 35,812 101.36 0.85 0.68 0.55 12.66 12.84 12.98 2.7 2.71 2.71 AFS

31401EWZ8 Floating MBS FNMA FN99AR 706364 3.670 05/01/33 FN ARM 2.53 05/01/33 1,000,000 0.154235 154,235 102.25 0.55 8.96 7.72 12.85 7.02 7.6 2.35 2.18 2.21 AFS

31401JG28 Floating MBS FNMA FN99AR 709517 3.697 06/01/33 FN ARM 2.57 06/01/33 1,050,000 0.161289 169,353 100.43 0.28 0.28 22.88 22.34 22.34 3.87 2.59 2.59 2.45 AFS

31402A5P7 Floating MBS FNMA FN99AR 723654 4.473 07/01/33 FN ARM 3.14 07/01/33 2,300,000 0.135749 312,223 101.16 0.52 0.53 0.64 13.03 13.02 12.9 2.58 2.58 2.58 AFS

31403GCN0 Floating MBS FNMA FN99AR 748077 4.344 09/01/33 FN ARM 3.91 09/01/33 2,000,000 0.128854 257,708 100.48 71.75 56.46 57.4 0.8 1.19 1.16 1.87 2.1 2.09 AFS

31404XSB1 Floating MBS FNMA FN99AR 781814 4.665 11/01/34 FN ARM 4.66 11/01/34 1,350,000 0.500264 675,356 99.72 0.45 31.2 24.96 13.75 2.53 3.2 3.23 4.37 4.23 AFS

31410FR98 Floating MBS FNMA FN99AR 888012 5.787 10/01/36 FN ARM 5.84 10/01/36 2,000,000 0.327497 654,994 101.99 61.25 55.34 41.05 1.06 1.24 1.85 2.68 2.84 3.06 AFS

31411WPJ0 Floating MBS FNMA FN99AR 916725 4.655 10/01/36 FN ARM 3.28 10/01/36 1,400,000 0.430039 602,055 99.97 4.44 4.3 17.88 9.59 9.68 4.31 2.66 2.66 2.67 AFS

31413LRY7 Floating MBS FNMA FN99AR 948803 5.517 08/01/37 FN ARM 5.53 08/01/37 1,300,000 0.664814 864,258 99.41 34.91 52.59 25.81 2.35 1.37 3.33 5.6 5.75 5.44 AFS

Floating MBS FNMA 4.25 05/18/35 39,871,376 4,249,048 100.46 26.3 31.8 24.45 7.46 5.28 4.52 3.19 3.46 3.43

36225CC61 Floating MBS GNMA G2AR 080092 4.625 07/20/27 GN2 ARM 3.63 07/20/27 4,906,407 0.010592 51,969 100.2 0.57 0.6 14.25 9.27 9.25 4.55 1.98 1.98 2.08 AFS

36225CGG5 Floating MBS GNMA G2AR 080198 5.375 05/20/28 GN2 ARM 4.38 05/20/28 4,316,640 0.013258 57,232 100.03 0.77 12.26 12.15 9.66 5.12 5.15 2.1 2.25 2.25 AFS

36225CME3 Floating MBS GNMA G2AR 080356 4.125 12/20/29 GN2 ARM 3.13 12/20/29 3,003,775 0.005352 16,076 99.68 53.56 36.7 22.04 1.26 2.01 3.36 2.6 2.38 2.2 AFS

36225CMJ2 Floating MBS GNMA G2AR 080360 3.750 01/20/30 GN2 ARM 2.75 01/20/30 1,041,358 0.119139 124,066 100 57.43 24.79 29.59 1.14 3.06 2.57 2.22 2.05 2.07 AFS

36225CMP8 Floating MBS GNMA G2AR 080365 4.250 01/20/30 GN2 ARM 3.25 01/20/30 3,000,000 0.01087 32,610 99.62 19.04 16.11 21.46 3.87 4.42 3.5 2.31 2.26 2.34 AFS

36225CTM8 Floating MBS GNMA G2AR 080555 3.875 11/20/31 GN2 ARM 2.88 11/20/31 2,002,678 0.045417 90,956 100.26 0.73 10.1 19.15 11.51 6.22 3.92 1.88 1.9 1.91 AFS

36225DCW2 Floating MBS GNMA G2AR 080984 3.625 07/20/34 GN2 ARM 2.63 07/20/34 1,750,000 0.193018 337,782 99.59 19.43 10.49 15.48 3.98 6.41 4.83 2.01 1.95 1.98 AFS

Floating MBS GNMA 2.93 02/08/32 20,020,859 710,691 99.83 21.53 13.21 18.48 5.23 5.71 4.23 2.06 2.01 2.04

83164FRT3 Floating MBS USSBA SBAVR 504998 3.625 05/25/14 SBA VARIABLE RATE 3.63 05/25/14 372,512 0.140377 52,292 100.23 11.31 4.76 2.53 1.86 2.03 2.09 3.21 3.24 3.25 AFS

83164FVM3 Floating MBS USSBA SBAVR 505120 3.625 03/25/14 SBA VARIABLE RATE 3.63 03/25/14 460,000 0.12737 58,590 100.23 73.26 35.8 10.77 0.73 1.3 1.81 2.55 3.03 3.2 AFS

83164G2H4 Floating MBS USSBA SBAVR 506176 3.875 04/25/16 SBA VARIABLE RATE 3.88 04/25/16 250,000 0.158383 39,596 103.39 0.23 0.23 25.69 3.17 3.17 1.94 2.57 2.57 1.78 AFS

83164G3N0 Floating MBS USSBA SBAVR 506205 3.865 06/25/16 SBA VARIABLE RATE 3.87 06/25/16 750,000 0.190727 143,045 103.45 1.02 0.49 12.27 3.21 3.24 2.56 2.55 2.56 2.24 AFS

83164GJY9 Floating MBS USSBA SBAVR 505679 3.875 01/25/11 SBA VARIABLE RATE 3.88 01/25/11 500,000 0.028945 14,472 100.26 17.58 14.3 7.89 0.43 0.43 0.44 1.91 1.92 1.94 AFS

Morgan Keegan Optimal Depository PortfolioARM Historical Speed Report



83164H6K1 Floating MBS USSBA SBAVR 507174 3.375 03/25/16 SBA VARIABLE RATE 3.38 03/25/16 475,000 0.305615 145,167 103.06 0.25 0.24 1.75 3.11 3.11 3.02 2.18 2.19 2.15 AFS

83164HQE3 Floating MBS USSBA SBAVR 506753 3.750 12/25/16 SBA VARIABLE RATE 3.75 12/25/16 500,000 0.250033 125,017 104.15 0.19 0.19 0.17 3.52 3.52 3.52 2.35 2.35 2.35 AFS

83164HVA5 Floating MBS USSBA SBAVR 506909 3.375 09/25/17 SBA VARIABLE RATE 3.38 09/25/17 500,000 0.274446 137,223 103.57 0.15 38.94 11.69 3.91 1.63 2.97 2.28 0.83 1.95 AFS

83164J6W1 Floating MBS USSBA SBAVR 508085 3.325 11/25/18 SBA VARIABLE RATE 3.33 11/25/18 500,000 0.488707 244,353 105.07 0.11 0.11 13.52 4.55 4.55 3.15 2.03 2.03 1.5 AFS

83164JHU3 Floating MBS USSBA SBAVR 507443 3.125 01/25/19 SBA VARIABLE RATE 3.13 01/25/19 750,000 0.39097 293,228 104.73 11.58 20.45 8.92 3.36 2.66 3.61 1.52 1.12 1.63 AFS

83164JYT7 Floating MBS USSBA SBAVR 507922 3.515 06/25/16 SBA VARIABLE RATE 3.52 06/25/16 500,000 0.523247 261,624 104 0.23 0.22 7.84 3.25 3.25 2.79 2.06 2.06 1.84 AFS

83164KL27 Floating MBS USSBA SBAVR 508445 4.075 02/25/20 SBA VARIABLE RATE 4.08 02/25/20 500,000 0.621757 310,878 106.26 18.97 18.33 20.57 2.97 3.03 2.84 1.67 1.71 1.57 AFS

83164KLZ4 Floating MBS USSBA SBAVR 508444 3.825 02/25/20 SBA VARIABLE RATE 3.83 02/25/20 500,000 0.70144 350,720 105.84 22.47 8.18 13.49 2.69 4.08 3.47 1.37 2.16 1.89 AFS

83165ACR3 Floating MBS USSBA SBAVR 521680 4.040 04/25/35 SBA VARIABLE RATE 4.04 04/25/35 450,000 0.990419 445,688 109.75 0.01 0.01 14.61 14.61 3.14 3.14 AFS

Floating MBS USSBA 3.68 01/27/21 7,007,512 2,621,894 105.44 8.56 8.58 11.36 5.23 5.24 3.04 2.15 2.15 1.89

4.28 07/01/32 100,508,457 12,705,607 101.21 16.64 24.4 19.88 8.75 6.3 5.62 3.14 3.37 3.37Portfolio Totals: 50

Morgan Keegan & Company 5/31/2010

Corporate Quality Distribution


Morgan Keegan Optimal Depository PortfolioMunicipal Quality Distribution

Morgan Keegan & Company 5/31/2010

Moody's Ratings Distribution

AAA 10.79% AA1 10.79% AA2 10.79% AA3 39.93% BAA1 3.06% NR 24.64%

Security Security Current Current Book Next Call Call YTC Current Current Mkt Book Effective

CUSIP Type Desc Par Coupon Maturity BEY Date Price Book Bk Price Mkt Price BEY Profit/Loss Moody ST Maturity

882722JY8 Taxable Muni TEXAS ST 1,000,000 5.33 10/01/21 5.33 10/01/19 100.00 100 106.81 4.43 68,110 Aaa TX 10/01/19

100853FV7 Taxfree Muni BOSTON MASS 1,000,000 4.5 04/01/27 4.64 04/01/19 100.00 98.98 106.36 3.65 73,858 Aaa MA 04/01/19

100853FX3 Taxfree Muni BOSTON MASS 1,000,000 4.75 04/01/29 4.75 04/01/19 100.00 100 107.53 3.74 75,308 Aaa MA 04/01/19

3,000,000 4.86 01/30/26 4.91 06/01/19 100.00 99.66 106.9 3.94 217,276 Aaa 06/01/19

278443C61 Taxfree Muni EAU CLAIRE WIS 1,000,000 3.75 04/01/13 3.7 100.12 106.6 1.37 64,839 Aa1 WI 04/01/13

278443D29 Taxfree Muni EAU CLAIRE WIS 1,000,000 4.1 04/01/17 4.18 10/01/13 100.00 99.74 105.17 2.47 54,343 Aa1 WI 10/01/13

517840S54 Taxable Muni LAS VEGAS VALLEY NEV WTR DIST 1,000,000 7.01 06/01/39 7.01 100 112.1 6.12 120,970 Aa1 NV 06/01/39

3,000,000 4.95 04/21/23 4.97 10/01/13 33.33 99.95 108.04 3.32 240,151 Aa1 02/19/22

627087CJ6 Taxfree Muni MURRAY KY INDPT SCH DIST FIN CORP S 1,000,000 3 03/01/11 3 100 101.52 0.96 15,240 Aa2 KY 03/01/11

627087CR8 Taxfree Muni MURRAY KY INDPT SCH DIST FIN CORP S 1,000,000 4 03/01/18 4 03/01/14 100.00 100 104.02 2.86 40,180 Aa2 KY 03/01/14

272785PJ9 Taxfree Muni EAST HANOVER TWP N J 1,000,000 3.9 03/15/22 3.99 03/15/16 100.00 99.56 102.5 3.42 29,371 Aa2 NJ 03/15/16

3,000,000 3.63 03/05/17 3.66 03/08/15 66.67 99.85 102.69 2.41 84,791 Aa2 11/04/13

745706CE9 Taxfree Muni PULASKI VA 1,000,000 4.2 07/01/11 4.28 99.91 103.82 0.65 39,113 Aa3 VA 07/01/11

838345FG6 Taxfree Muni SOUTH HOLLAND ILL 500,000 3.75 12/15/14 3.57 100.76 107.14 2.09 31,898 Aa3 IL 12/15/14

005104EW0 Taxfree Muni ACUSHNET MASS 500,000 4.25 08/01/15 3.84 101.91 110.49 2.1 42,920 Aa3 MA 08/01/15

365856HR7 Taxfree Muni GARFIELD N J 1,000,000 4 03/01/16 3.66 101.73 108.69 2.37 69,625 Aa3 NJ 03/01/16

107279AN1 Taxfree Muni BRENTWOOD CALIF UN ELEM SCH DIST 1,000,000 3.9 08/01/16 11.24 08/01/10 101.00 99.76 101.22 2.54 14,583 Aa3 CA 08/01/10

311297J30 Taxfree Muni FARMINGTON MINN 500,000 4 02/01/19 4.06 02/01/17 100.00 99.65 105.02 3.16 26,827 Aa3 MN 02/01/17

005104FB5 Taxfree Muni ACUSHNET MASS 1,000,000 4.1 08/01/20 4.18 08/01/15 100.00 99.62 103.86 3.28 42,375 Aa3 MA 08/01/15

005104FC3 Taxfree Muni ACUSHNET MASS 1,000,000 4.15 08/01/21 4.24 08/01/15 100.00 99.6 103.47 3.41 38,757 Aa3 MA 08/01/15

311297J71 Taxfree Muni FARMINGTON MINN 500,000 4.15 02/01/23 4.18 02/01/17 100.00 99.81 102.51 3.72 13,498 Aa3 MN 02/01/17

365856HZ9 Taxfree Muni GARFIELD N J 1,000,000 4 03/01/24 4 03/01/18 100.00 100 101.73 3.74 17,300 Aa3 NJ 03/01/18

050375KK9 Taxfree Muni AUBURN ME 1,100,000 4.25 09/01/24 4.72 09/01/14 101.00 97.85 101.59 3.91 41,225 Aa3 ME 09/01/15

543536BS4 Taxfree Muni LOPATCONG TWP N J 1,000,000 4 09/01/26 4.42 09/01/17 100.00 97.43 100.31 3.95 28,736 Aa3 NJ 09/01/17

365856JD6 Taxfree Muni GARFIELD N J 1,000,000 4.13 03/01/28 4.26 03/01/18 100.00 99.1 100.89 3.99 17,840 Aa3 NJ 03/01/18

11,100,000 4.07 08/14/20 4.8 12/03/15 73.16 99.64 103.53 3.04 424,698 Aa3 08/02/15

959401BV1 Taxfree Muni WESTERN RESERVE OHIO LOC SCH DIST H 850,000 5.75 12/01/23 3.42 12/01/10 102.00 103.11 103.63 2.41 4,386 Baa1 OH 12/01/10

850,000 5.75 12/01/23 3.42 12/01/10 102.00 103.11 103.63 2.41 4,386 Baa1 12/01/10

969080DM9 Taxfree Muni WILL GRUNDY ETC CNTYS ILL CMNTY COL 1,000,000 4 01/01/14 3.78 01/01/13 100.00 100.54 106.45 1.45 59,091 NR IL 01/01/13

972183HN0 Taxable Muni WILSON CNTY TENN TENTH SPL SCHDIST 2,000,000 4.65 04/01/20 4.65 100 102.46 4.34 49,180 NR TN 04/01/20

015824CW3 Taxfree Muni ALGONQUIN ILL 1,000,000 4 04/01/21 4 04/01/14 100.00 100 101.95 3.45 19,530 NR IL 04/01/14

864161FF6 Taxfree Muni STURTEVANT WIS 1,000,000 4.15 03/01/22 4.2 03/01/15 100.00 99.58 95.07 4.7 -45,039 NR WI 03/01/22

236800CN6 Taxfree Muni DANVILLE OHIO LOC SCH DIST 850,000 5.75 12/01/23 3.36 12/01/10 101.00 102.16 102.47 2.74 2,626 NR OH 12/01/10

015824DA0 Taxfree Muni ALGONQUIN ILL 1,000,000 4.15 04/01/25 4.21 04/01/14 100.00 99.79 100.95 3.88 11,542 NR IL 04/01/14

6,850,000 4.45 12/11/20 4.13 08/05/13 70.93 100.26 101.77 3.57 96,931 NR 07/23/16

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Morgan Keegan Optimal Depository PortfolioMunicipal Quality Distribution (Moody's)

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Security Security Current Current Book Next Call Call YTC Current Current Mkt Book Effective

CUSIP Type Desc Par Coupon Maturity BEY Date Price Book Bk Price Mkt Price BEY Profit/Loss Moody ST Maturity

27,800,000 4.35 04/23/21 4.5 06/25/15 71.39 99.96 103.9 3.21 1,068,233 08/12/1629

morgan keegan optimal depository portfolio memphis, tn · based on portfolio settings as maintained...

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