FINANCIAL DISCLOSURE REPORT FOR CALENDAR YEAR 2010

1. Person Reporting (last name, first, middle initial) Paez, Richard A. 4. Title (Article 111 judges indicate active or senior status; magistrate judges indicate full- or part-time) Circuit Judge - Active 2. Court or Organization U.S. Court of Appeals for the Ninth Circuit 5a. Report Type (check appropriate type) ] Nomination, [] Initial Date [] Annual [] Final

Report Required by the Ethics in Government Act of 1978 (5 U.S.C. app. 101-111)

3. Date of Report 06/30/2011 6. Reporting Period 01/01/2010 to 12/31/2010

5b. [] Amended Report 7. Chambers or Office Address U.S. Court of Appeals 125 S. Grand Avenue, Ste. 300 Pasadena, CA 91105 8. On the basis of the information contained in this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable laws and regulations. Reviewing Officer Date

IMPORTANT NO TES: The instructions accompanying this form must be followe~L Complete all parts, checking the NONE box for each part where you have no reportable information. Sign on last page.

I. POSITIONS. (Re, o.ing inaividuul only; see pp. 9-13 of filing instructions.)
D NONE (No reportable positions.)
POSITION
1. 2. 3. 4. 5. Board of Directors

NAME OF ORGANIZATION/ENTITY Western Justice Center, Pasadena, CA

II. AGREEMENTS. (Reporting individual only; seepp. 14-16 of filing instructions.)

~] NONE (No reportable agreements.) DATE PARTIES AND TERMS

Paez, Richard A.

FINANCIAL DISCLOSURE REPORT Page 2 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

III. NON-INVESTMENT INCOME. ~Repo~ing individual and spouse; seepp. 17-24 of filing instructions.)
A. Filers Non-lnvestment Income
~ NONE (No reportable non-investment income.) DATE SOURCE AND TYPE

INCOME (yours, not spouses)

$6,606.00

1. May 2010 2. 3. 4.

California Judges Retirement System

B. Spouses Non-Investment Income - if you were married during anyportion of the reporting year, complete this section.
(Dollar amount not required except for honoraria.)

NONE (No reportable non-investment income.)

DATE
1.2010 2. 3. 4.

SOURCE AND TYPE Cedars Sinai Medical Center - Salary

IV. REIMBURSEMENTS - transportation, lodging, food, entertainment.

(Includes those to spouse and dependent children; see pp. 25-27 offiling instructions.)

~
1.

NONE(No reportable reimbursements.) SOURCE New York University DATES 03/2010 NYC LOCATION

PURPOSE
Interviewer: Root-Tilden Pub. Int. students

ITEMS PAID OR PROVIDED

Airfare and Hotel

3. 4. 5.

FINANCIAL DISCLOSURE REPORT Page 3 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

V. GIFTS. anet.des those to spouse and dependent children; seepp. 28-31 of filing instructions.)
NONE (No reportable gifts.) SOURCE
1. 2. 3. 4. 5.

DESCRIPTION

VALUE

VI. LIABILITIES. ancludes those of spouse and dependent children; see pp. 32233 of filing instructions.)
NONE (No reportable liabilities.)

CREDITOR
1. 2. 3. 4. 5.

DESCRIPTION

VALUE CODE

FINANCIAL DISCLOSURE REPORT Page 4 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06130/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)
~ NONE

(No reportable

income, assets, or transactions.)

(including trust assets) place "(x)" after each asset exempt from prior disclosure

reporting period of reporting period (1) (2) (1~ (2) (1) (2) (3)

(4)

(3)

(A-H)

or int.)

(J=P)

Code 3 (Q-W)

redemption)

(J-P)

Gain Code 1 (A-H)

Identity of buyer/seller (if private transaction)

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1 I. 12. 13. 14. 15. 15. 17.

Fidelity Magellan Fidelity Cash Reserves (IRA) Fidelity Short Term Bond (IRA) Fidelity Govt Income (IRA) Fidelity CA Muni MM Fidelity CA Muni MM Cedars Sinai Med Ctr 403b - ING *See Note in Part VIII. (SP) - Vanguard Target Retirement-2025 - SSGA S&P Index Fund - Vanguard Midcap Index Fund Fidelity PAS (IRA)(Sp)** See Note Fidelity Cash Reserves IRA (Sp) - Fidelity Diversified Intl - Fidelity Diversified Intl -Fidelity Diversified Intl -Fidelity Diversified Intl -Fidelity Diversified Intl

A A B B A A A

Dividend Dividend Dividend Dividend Dividend Dividend Dividend

J J J K M M L

T T T T T T Sold 01/05/10 09/01/10 04/10/10 12/29/10 J J J M

A A A

(part) (part) (part)

Buy Sold Sold

Buy/Month 01/01/10 K Buy/Month Buy/Month D A A Dividend Dividend Dividend N J Sold Sold 01/27/10 03/30/10 05/12/10 07/27/10 08/10/10 J J J J J A
A A A

01/01/I0 01/01/10

K K

(part)
Sold (part)

(part)
Buy (addl)

Sold

i. in~0~ Gain 0desi. (See Columns BI and I)4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

~ ~$11000:0~ i~ : F =$50;001 - $100,000 J =$15;000 0r iess N =$250,001 - $500,000 i P3 =$25,000,00i ~ $50s000,000 Q =Appraisal U =Book Value

B =$1:00i ~ $2,500 G =$100;001 - $1,000,000 K =$15,001 = $50.000 O ~$5001001 - $1,000 000 R--CoSt (Real Estate Only) v =Other

C =$2,501- $5,000 HI =$1~000,001. $5,000,000 L --$50,001 - $100,000 PI =$1~000;00i = $5,000,000 P4 =More than $50,000,000 S =Assessment W =Estimated

D =$5.001- $15.000 H2 =More than $5~000,000 M =$100~001 -$250,000 P2 =$5,000,001 - $25,000,000 T =Cash Market

E =$15,001 - $50.000

FINANCIAL DISCLOSURE REPORT Page 5 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - inco,~e, v.lue, ,..ns.ctions aneludes those oSsp .... nnd dependent children; see pp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
A.
Description of Assets

B.
Income during

C. Gross value at end

D.
Traosactions during report ng period

(ihcluding trust assets)

(5)
exempt from prior disclosure (A-H) or int.) . (J-P) Code 3 (Q-W) redemption) (J-P) (A-H) (if private transaction)

18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34.

- Fidelity Diversified Intl - Fidelity Diversified Intl - Fidelity Low Priced Stock - Fidelity Low Priced Stock - Fidelity Low Priced Stock - Fidelit~ Low Priced Stock - Fidelity Advisor New Insights CL - Fidelity Advisor New Insights CL -Fidelity Advisor New Insights CL -Fidelity Advisor New Insights CL -Fidelity Advisor New Insights CL -Fidelity Advisor New Insights CL - Fidelity Growth Comp. - Fidelity Growth Comp. - Fidelity Growth Comp. - Fidelity Growth Comp. - Am Beacon Lge Cap Val Plan A Dividend A Dividend A Dividend J T A Dividend

Sold (part) Sold Buy (addl) Sold (part) Sold

08/10/10 09/21/10 01/27/10 105/12/10 07/27/10 08/04/10 01/27/I0 06/22/10 08/04/10 08/10/10 09/21/10 ! 10/22/10 05/12/10 06/22/10 07/27/10 08/04/10 03/30/10

J J J J J J J J J J J J J J J J J

A A

A A A A A A A A A A A A A

(part)
Sold Sold (part) Sold (part) .Sold (part) Sold (part) Sold (part) Sold (part) Sold (part) Sold (part) Sold (part) Sold Buy (addl)

(See Columns BI and 1)4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

F =$50~001 - $100,000 J =$15;000 or less N =$250,001 - $500,000 P3 =$25,000,001 - $50,000;000 Q =Appraisal U =Book Value

G =$100,001 - $1,000,000 K =$15,001 - $50,000 O =$500,001 - $1,000,000 R =Cost (Real Estate Only) V =Other

C =$2,501 - $5,000 H 1 =$1,000,001 - $5,000,000 L -$50,001 - $ 100,000 PI =$1,000,001 - $5;000,000 P4 =More than $50,000,000 W =Estimated

D =$5,001 -$15,000 H2 =More than $5,000,000 M=$100,001 . $250~000 P2 =$5,000,001 - $25,000,000 T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 6 of 22 VII. INVESTMENTS and TRUSTS -i ....

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

e, value, t ......tions (Includes those of sp ...... d dependent children; see pp. 34-60 of filing instructions.)

NONE (No reportable income, assets, or transactions.)

Description of Assets (including trust assets) Income during reporting period (1) (2) Gross value at end Transactions during reporting period (1) (2) (3) (4) (5)

of reporting period
(1) (2)

Place "(X)" after each asset exempt from prior disclosure

Amount Code 1
(A-H)

Type (e.g., div.. rent.

or int.)

Value Code 2 (J-P)

Value Method Code 3 : (Q-W)

Type (e.g., buy, sell, redemption)

Date Value Gain mm/dd/yy Code2 I Code 1 " (J-P) (A-H) :

Identity of buyer/seller (if private transaction)

35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51.

- A, Beacon Lge Cap Val Plan -A. Beacon Lge Cap Val Plan - William Blair Intl Growth CL N - William Blair Intl Growth CL N - Willaim Blair Intl Growth CL N - William Blair Intl Growth CL N - Willaim Blair Intl Growth CL N - William Blair Intl Growth CL N - Causeway Intl Val. Investor - Causeway Intl Val. Investor - Causeway Intl Val. Investor - Causeway Intl Val. Investor - Causeway Intl Val. Investor - Causeway Intl Val. Investor
- EATON VANCE Large Cap Val - EATON VANCE Large Cap Val CL A. A Dividend

Sold (part) " Sold A Dividend Sold (part)

05/12/10 07/27/10 01/27/10 05/12/10 07/27/10 08/04/10 08/10/10 09/21/10 01/27/10 05/12/10 07/27/10 08/04/10

J J J J J J J J J J J J

A A A A A

(part) (part)
Buy Sold Sold

Sold

(part)
Sold A Dividend Sold (part)

A A A A A

(part) (part)
Buy Sold

Sold

Sold (part) Sold

Buy Sold

08/10/10 J 12/17/10 J
08/04/10 08/t0/10 J J

A A

A A

- John Hancock US Global Leaders Growth A CL A

Dividend

Sold (part)

01/27/10

L ifiC0~d ~ain CodeSi (See Columns B 1 and D4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

A =$1;000 or less F =$50,001 - $100.000 J =$15,000 or less N =$250,001 - $500.000 P3 =$25,000,001 - $50,000,000 Q =Appraisal U =Book Value

B =$1,001- $2,500 G =$100,001- $1,000,000 K-$15,001 -$50,000 O $500,001 -$1,000,000 R =Cost(Real Estate Only) V =Other

C =$2,501 - $5,000 HI =$L000;00t. $5,000~000 L =$50,001 - $100,000

D =$5,001 - $15.000 H2 =More tha~ $5;000i000 M =$100,001 - $250,000

E =$15,001 - $50,000

w =$~;000,001 - $5i000i000
P4 =More than $50;000~000
S =Assessment

~2 =$5 000 00i- $25 000~000

T --Cash Market

W =Estimated

FINANCIAL DISCLOSURE REPORT Page 7 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRU S TS -income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of f!ling instructions)
NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period (2) I 1) Amount Type (e.g., Code 1 div., rent, (A-H) or int.)
Gross value at end Transactions during reporting period

of reporting period (1) (2) Value Value Code 2 Method Code 3 (J-P) (Q-W)

(1) Type (e.g., buy; gell; redemption)

(4) (5) (2) (3) Identity of Date Value: Gain mrrddd!yy Cod~ 2 Code t ........ buyer/setler (if private (A-H) . (J-P) transaction)

52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68.

- John Hancock US - Global Leaders Growth CL A - John Hancock US - Global Leaders Growth CL A - John Hancock US - Global Leaders Growth CL A - John Hancock US - Global Leaders Growth CL A - Oakmark Fund I - Oakmark Fund I - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation CL A - Hartford Cap Appreciation Janus Fund CL T Shares Janus Fund CL T Shares Janus Fund CL T Shares A Dividend A Dividend A Dividend

Sold (part) Sold (part) Sold (part) Sold Sold

03/30/10 05/12/10 07/27/10 08/04/10 01/27/10 03/30/10 01/27/10 03/30/10 05/12/10 06/22/10i 07/27/10 08/04/10 09/21/10 11/10/10 03/30/10 05/12/10 06/22/10

A A A A A A A A A A A

J J J
J

(paa)
Sold Sold

J
J J J J J J J J J J J

(part)
Sold (part) Sold (part) Sold

(part)
Sold

(part)
Buy (addl) Sold (part) Sold Sold (part) Sold

A A A A A

(part)
Sold (part)

1. lnconie Gain Codes: (See Columns BI and D4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

A =$1;000 or less " F =$50,001 - $100,000 J -$15,000 or less N =$250,001 - $500,000 P3 -$25,000,001 - $50,000;000 Q =Appraisal U =Book Value

B =S 1 ~001 - $2,500
G =$100,001 - Sl,O00,O00

C =$2,501 - $5,000
HI =$1,000,001 ~ $5,000~000

D =$5,001 - $15,000
H2--Mbre than ~5;o00~000

E =$15,001 - $50,000

K--$!5,oo~ =$5o;ooo
O=$500,001 - Sl,000,000 R--Cost (Real Estate Only) V --Other PI =Sl,000;001 - $5;000,000 P4 =More than $50;000;000 S =Assessment W =Estimated P2 =$5,0001001 : $~i0b0,000 T =Cash Market

FINANCIAL DISCLOSURE REPORT Page 8 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - income, value, t ......

[] NONE (No reportable income, assets, or transactions.)

lions (Includes those of spouse and dependent children; see pp. 34-60 of fillng instructions.)

69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85.

Janus Fund CL T Shares Janus Fund CL T Shares - Janus Fund CL T Shares - Janus Fund CL T Shares - Janus Fund CL T Shares - Janus Fund CL T Shares - Perkins Mid Cap Value Inv. (name change was Janus Perkins) - Perkins Mid Cap Value Inv. - Legg Mason Parmers Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Legg Mason Partners Lg Cap Growth A - Marsico Focus A Dividend A Dividend A Dividend

(part)
Buy (addl) Sold (part) Sold (part) Sold

Sold

07/27/10 08/04/10 08/10/10 09/21/10 10/22/10 12/07/10 01/27/10 08/04/10 01/27/10 05/12/10 06/22/10 07/27/10

J J J J J J J J
J

A A A A A A
A A A A

(part)
Sold Sold (part) Sold Sold (part)

(part) (part)
Sold (part) Sold

Sold

J J J J
J

Buy 08/04/10 (addl)

(part)
Sold (part) Sold Sold

Sold

08/10/10 09/21/10 11/10/10

A A A A

J J

(part)

03/30/10 J

1: income G~ia C~es: (See Columns BI and D4)

2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

A:=$1,000 ~r iess ~ F =$50,001, $100,000

J =$15,000 or less N =$250,001 - $500,000 P3 =$25.000,001 - $50,000,000 Q =Appraisal U =Book Value

B =$1,001 - $2,500 ~ =$100,00i ~ $1;000,000

K =$15,001 - $50,000 O =$500,001 - $1,000,000 R =Cost (Real Estate Only) V =Other

C =$2,501 - $5,000 Hi ~$1 000 00 ~ *S 000 000 L =S50 001 --$100 000 .....

D =$5,001- $15,000 :H2 ~Mbi.e:thah $5 000~000 ........ M--$i00 001 ~ $250 000

E =$15,001 - $50,000

vi slloo0;ooi i $~io0o 6oo

P4 =More than $50 000 000 S =Assessment w =Estimated ......

P2:Z~ bb6!OOi~ioO~6oo
T ~Cash Market

FINANCIAL DISCLOSURE REPORT Page 9 of 22

I
(:2) .....

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - i ....e, value, t ....actions (Includes those of spouse and dependent children; see pp. 34-60 of f!ling instructions.)
NONE (No reportable income, assets, or transactions.)
A. Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure B. C .... D. Transactions during reporting period
(1)

Income during reporting period

(1)

Gross value at end Of reporting period

(1) (:2)

Amount Code 1 (A-H)

Type (e.g~, diw. rent. or inQ

Value Code 2 O-P)

Value Type {e.g., Method .... buy, sell, redemption) Code 3 (Q-W) Sold (part)

(2) . O) (4) Date Value Gain mm/dd/yy. ,Code 2 Code 1 (J-P) (A-H)

(5) Identity of buyer/seller (if private transaction)

86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99.

- Marsico Focus - Marsico Focus - Marsico Focus - Marsico Focus - Marisco Focus - Marisco Focus - Mariseo Focus - Morgan Stanley Inst Inc. Intl Equity B - Morgan Stanley Inst Inc. Intl Equity B - Morgan Stanley Inst Inc. Intl Equity B - Morgan Stanley lnst Inc. Intl Equity B - Morgan Stanley Inst Inc. Intl Equity B - Pimco Commod Real Ret Strat Admin CL A - Pimco Commod Real Est Strat Admin CL A Dividend Dividend A Dividend

06/22/10 07/27/10

J J J J J J J J J J J J

A A

(part)

Sold

Buy 08/04/10 (addl)

(part) (part) (part)

Sold Sold Sold Sold Sold

Sold

08/10/10 09/21/10 10/22/10 11/10/10 05/12/10 07/27/10 08/04110 08/10/10 09/21/10

A A A A A .A

(part) (part)
Buy (addl) Sold

A A A A A A

(part)
Sold Sold

06/22/10 J 08/04/t0 J 01/27/10 05/12/10 J

(part)
Sold Sold

100. - Selected Am Shares 101. - Selected Am Shares 102. - Selected Am Sheres

(pan)
Sold (pan)

Sold (part)

06/22/10

i ifi~6~ Gaifi e~d~i (See Colunms Bl and I)4) 2. Value Codes (See Colu~s Cl and D3) 3. Value Method Codes (See Colu~ C2)

A =$1,000 0r less F=$50,00~- $~oo,ooo J =$15,000 or less N =$250,001 - $500,000 P3 =$25,000,001 - $50,000,000 Q =App~isal U =Book Value

B =$11061, $2;500

::

C ~S2,501 - $5,000

D =$5,001- $15,000

E ~$15,001- $50,000

~ =$160
K =$15,00i ~ $~0;000 O =$500 00J ~ $ 000 000 R =C0si (Real Estate Only) V =Other

m:$:i;60~;o0i~$5;ooo;ooo

m~M6r~ thart$5;000;000 ~ =si00,00i ~ $~0;000 PI =$1~000~001 = $5;000 000 : P2 =$5;000;001 ~ $25,000,000 P4 ~More than $50,000;000 T =Cash Market S =Assessment W =Estimated

FINANCIAL DISCLOSURE REPORT Page 10 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS -income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of f!ling instructions.)
NONE (No reportable income, assets, or transactions.)

Place "(X)" after each asset

Amount Type (e.g.,

Value

Value

Type

Date

Value - Gain Code 1 (A-H)

(Q-W)

Identity of buyer/seller (if private transaction/

103. - Selected Am Shares 104. - Selected Am Shares 105. - Selected Am Shares 106. - Selected Am Shares 107. - Selected Am Shares 108. - Fidelity Cap & Income 109. - Fidelity Cap & Income 110. -Fidelity Cap & Income 111. - Fidelity Cap & Income 112. - Fidelity Cap & Income 113. - Fidelity Short Term Bond 114. - Fidelity Short Term Bond 115. - Fidelity Short Term Bond 116. - Fidelity Total Bond 117. - Fidelity Total Bond 118. - Fidelity Total Bond 119. - Fidelity Total Bond A Dividend A Dividend

Sold (part) Sold (part) Sold (part) Sold (part) Sold Sold Sold

07/27/10 08/04/10 08/10/10 09/21/10 10/22110 03/30/10 06/22/10 07/27/10 08/10/10 I 1/10/I0 03/30/10 06/22/10 08/04/10 07/27/10 08/04/10 08/05/10 11/10/10

J J J J J
J J J J J J J J

A A A A A A A A A A

(part) (part)
Sold (part) Sold (part) Sold (part) Buy (addl) Buy (addl) Sold Sold (part) Buy (addl) Buy (addl) Buy (addl)

A A

J J J
J

C =$2,501 - $5,000 (See Columns B I and D4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2) F =$50;001 ~ St00 000 J =$15~000 Or leSS N =$250;001. $500 000 P3 =S25 000 001, $50 000,000 Q =AppraisaI U =Book Value G ~$100,00! - $1,000,000 K =$15,001 - $50,000 O =$500~001 - $1;000;000 R =Cost (Real Estate Only) V =Other HI =$I,000,00i 255,000,000 L =$50,001 ~ $100,000 PI =$1,000;00! - $5,0001000 P4 =More than S50,000,000 S =Assessment W =Estimated

D =$5,001- $15,000 H2 =Mo~ thah$5~0001000 M=$100,001- $250,000 p2=$5,000,001-$25,000,000 T =Cash Market

E =$15,001 -$50,000

FINANCIAL DISCLOSURE REPORT Page 11 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRU S TS - i.come, vatue, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
A. Description of Assets (including trust assets) Place "(X)" after each asset exemptfrompriordisclosure B. Income during reporting period (1) (2) (1) Amount Type (e.g.. Codel diu.,rent, (A-H) C. Gross value at end of repotting period D Transactions during reporting period

(2) (1) (2) .... (3) (4) (5) Type (e.g., Date Value Value buy, sell, " mrrddd/yy Code2 Method

Value Code2 (J-P)

Gain ..... Code~ (A~H)

Identity of buyer/seller (if private transaction)

120. - Pimco High Yield Admin Shs 121. - Pimco High Yield Admin Shs 122. - Pimco Total Return Admin Shs 123. - Pimco Total Return Admin Shs. 124. - Pimco Short Term Admin Shs 125. - Pimco Short Term Admin Shs 126. - T.Rowe Price High Yield Advisor CL 127. - T Rowe Price High Yield Advisor CL 128. - T Rowe Price High Yield Advisor CL t29. - T Rowe Price High Yield Advisor CL 130. - T Rowe Price High Yield Advisor CL 131. - T Rowe Price High Yield Advisor CL 132. - Harbor Intl Admin 133. - Harbor Intl Admin 134. - Harbor Intl Admin 135. - Harbor Intl Admin 136. - Harbor lntl Admin

Dividend

Sold (part) Sold

06/22/10 08/04/10 08/04/10 01/01/10 08/04/10 09/21/10 01/27/10 06/22/10 07/27/10 08/04/10 10/22/101 12/07/10 01/27/10, 05/12/10

J J J J J J J J J J J J J J J J J

A A

Dividend

Buy (addl) Buy (addl) T Buy (addl) Sold (.part)

A A A A

Dividend

Sold (P~)

(part)
Sold (part) Buy (addl) Sold (part) Sold (part) A Dividend Sold (part) Sold (part)

Sold

A A A A

Buy 08/04/10 (addl) Sold (part) Sold 08/10/10 09/21/10

A A

(See Columns BI and D4) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (See Column C2)

F =$50;001 - $100;000 J =$i 5,000 or less N =$250,001 - $500,000 P3 =$25,000,001 - $50,000,000 Q =Appraisal U =Book Value

=$1,0Ol - $2,500 =$1 oo,oo i - $1 ;oooi0oo =$~5~001 - $50,000 =$500~001 : $1,000,000 =Cost (Real Estate Only) =Other

C =$2,501 - $5,000 H 1 =$1,000,001 - $5,000,000 L ---$50;001 - $100,000 Pl =$ I ;000,001 - $5,000,000 P4 --More than $50,000,000 S =Assessment W =Estimated

D =$5,001 - $15,000 H2 =M0re than $5;000~000 M =$100;00! : $2501000 P2 =$5;000;001 - $25;000,000 T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 12 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS -- i.co,.e, value, transactions (lnctuaes those of spouse and dependent children; seepp. 34-60 of f!llng instructions.)
NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets)
Place "(X)" after each asset exempt from prior disclosure B. Income during reporting period (i) Amount Code I (A-H) (2) Type (e,g., div., rent, or int.) C. Gross value at end of reporting period (1) (2) Value Value Code 2 Method (J-P) Code 3 (Q-W) D Transactions duriag reporting period (1) Type (e.g., buy, sell; redemption) (2) . (3) t (4) Ga~ Date Value mm/ddlyy Code 2 Code 1 (J~P) (A-H) (5) Identity of buyer/seller (if private transaction)

137. - JP Morgan US Lg Cap Core 138. - Manning & Napier World Oppt Ser. 139. - Manning & Napier World Oppt Serv 140. - Manning & Napier World Oppt Serv 141. - Manning & Napier World Oppt Serv 142. - Manning & Napier World Oppt Serv 143. - Manning & Napier World Oppt Serv 144. - Victory Diversified Stk Class A 145. - Victory Diversified Stk CL A 146. - Victory Diversified Stk CL A 147. - Victory Diversified Stk CL A
148. Fidelity PAS Small Cap Fund of Funds 149. Fidelity PAS Small Cap Fund of Funds 150. Fidelity PAS Sm Cap Fund of Funds NAME CHANGE

A A

Dividend Dividend

Sold Sold

01/27/10 03/30/10 05/12/10 07/27/10 08/04/10 08/10/10 09/21/10 05/22/10 06/22/10 07/27/10 08/04/10 07/27/10 08/04/I 0 08/20/10

J J J J J J J
J J J J J J J

A A A A

(pa~)

(part) (part)
Buy (addl) Sold

Sold

(part)
Sold Dividend Sold (part) Sold (part) Sold (part) Sold Dividend Sold

Sold

A A
A A A A

(part)
Buy (addl)

151. to PAS Small-Mid-CA Fund

152. PAS Small-Mid CA Fund of Funds 153. Fidelity Intl Discov Dividend

Sold Sold (part)

12/07/10 J 01/27/10 J

L lneome Gain Codes: (See Columns B I and D4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (Sec Column C2)

A =$1,000 or less F =$50,001 - $100,000 J =$15,000 or less N =$250,001 - $500,000 P3 =$25,000,001 - $50,000.000 Q =Appmlsa| U =Book Value

B =$1,001- $2;500 G =$100,001- $1,0001000 K =$15,001- $50,000 O =$500,00I -$1,000,000 R -Cost(Real Estate Only) V =Olher

C =$2,501 ~ $5,000 H I =$i 00~ 00i - $51000~000 L=$5000 ~$ 00000 PI =$1,000;001 = $5 000 000 P4 =More than $50,000,000 S =A~sessmcnt W =Estimated

D =$5,001 - $15,000 H2 --M0re than $5 000 000 M =$10000i ~$250;000 P2 =$5~000.001 ~ $25~000 000 T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 13 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of fillng instruction~)
~ NONE (No reportable income, assets, or transactions.)

154. Fidelity lntl Discov 155. Fidelity Intl Discov 156. Fidelity Intl Discov 157. Fidelity Strategic Advisors Val Fd 158. Fidelity Strategic Advisors Val Fd 159. Fidelity Strategic Advisors Val Fd -NAME CHANGE 160 ..... to STRATEGIC ADVISORS VAL FD 161. Strategic Advisors Val Fd 162. Strategic Advisors Val Fd 163. Strategic Advisors Val Fd 164. Strategic Advisors Val Fd 165. Fidelity PAS Core Inc. Fund 166. Fidelity PAS Core Inc. Fund -NAME CHANGE: 167. to STRATEGIC ADVISORS CORE INCOME FUND 168. Strategic Advisors Core Inc. Fd 169. John Hancock Classic Value CL 170. John Hancock Classic Value CL

Dividend

Sold (.part) Sold

05/12/10 07/27/10 08/04/10 03/30/10

J J J J

A A A

(part)
Sold A A Dividend Dividend K T Buy Buy (addl)

01/14/10 J 06/25/10 J

Buy 07/27/10 (addl) Sold (part) 08/04/10

J J J J

Buy 09/21/10 (addl) Buy (addl) Sold (part) 10/22/10 08/04/10 08/20/10

A A

Dividend Dividend

Buy (addl) Buy (addl) Sold (part)

10/22/10 01/27/10

J J

05/12/10I J

1. Income Gain Codes: (see Columns BI and D4) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (See Column C2)

A =$L000 0r less F =$50,001 - $100,000 J =$15,000 or less N =$250,001 - $500,000 P3 =$25,000,001 - $50,000,000 Q =Appraisal U =Book Value

: B--SIlO01 ; $2;500 G--$1001001 ~ $ii000;000 K =$15,001 - $50,000 O =$500;001 - $1;000;000 R =Cost (Real Estate 0nly) V =Other

C =$2,501 -$5,000 H 1 =$1;000;001 ~ $5,000;000

L =$50,001

D =$5,001 - $15,000 H2 =M6re than $5 000 000 ....

E =$15,00 t - $50,000

-$1o0~oo0

~ ~$iooioo1~$~5o,ooo

pI =$i,o00,OoI ~ $5i000 000

P4 =More than $50,000,000

P2 =$5,000,001 : $25 000 000

S =Assessment W =Estimated

FINANCIAL DISCLOSURE REPORT Page 14 of 22

N ame of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of fillng instructions.)
NONE (No reportable income, assets, or transactions.)
A. Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure B. Income during reporting period (2) (l) Amount Type (e.g., Code 1 div., rent, (A-H) or int.) C. Gross value at end of reporting period (1) (2) Value Value Code 2 Method (J-P) Code 3 (Q-W)
Transactions during reporting period

(1) Type (e.g., buy, sell; redemption)

:(2)~ Date . Value mm/dd/~ : C0d~ (J-P)

O~: Code 1: (A-H)

Identi~ of buyer/seller (ifprivate transaction)

171. John Hancock Classic Value CL 172. John Hancock Classic Val. CL 173. John Hancock Classic Val. CL 174. John Hancock Classic VaL CL 175. Royce Penn Mut Fd 176. Royce Penn Mut Fd 177. Fidelity PAS Core Income Fund of Funds 178. Fidelity PAS Core Inc. Fund 179. Fidelity PAS Core Inc. Fund NAME CHANGE: 180. ...STRATEGIC ADVISORS CORE INCOME FUND 181. Strategic Advisors Core Income Fund 182. Franklin Gold and Precious Metals 183. Franklin Gold and Precious Metals 184. Franklin Gold and Precious Metals 185. Templeton Global Bond Class A 186. Fidelity Money Market 187. Fidelity Money Market A A Dividend Dividend T A Dividend A Dividend T A Dividend

Sold (pan)

08/04/10 09/21/10 10/22/10 11/10/10 I 05/12/10

A A A A A A

(part) (part)
Sold Sold Sold

Sold

J J J J

(part)
Sold Buy (addl) Sold

08/04/10 J 01/27/10 08/04/10 08/20/10 J J

(part)

Buy (addl) Sold

10122110 05/12/10 06/22/10 08/04/10

J J J J A
A

(part)
Buy (addl) Sold

Sold

(part)
Buy (addl)

02/17/10 03/30/10

J J

1. lne0me Gain C0de~ (See Columns BI and D4) 2. Value Codes (See Columns Ct and D3) 3. Value Method Codes (See Colunm C2)

A =$1100~ or !eSS .... F =$50,001 = $100,000 J =$15,000 Or less N =$250.001- $500,000 P3 =$25;000;00i - $50,000,000 Q =Appraisal U =Book Value

B =St,001 - $2,500 G =$i001001 - $1,0001000 K =$15~001 , $50,000 O=$500,001-$1,000,000 R =Cost (Real Estate Only) V =Other

C =$2,501 - $5,000 Hi=$ L =$50 001 ~$100 000 P 1 --$ii000100i $5i0~6i~ P4 =More than $501000;000 S =AsSessment w --Estimated :

D =$5,001-$15,000

E =$15,001-$50,000

H2 =Mbre than $5~000~000 M =SLY0 00i ~ $~50 000 P2 ~$~i0~i00i $~I000;000 .... : ....... T ~cash Market

FINANCIAL DISCLOSURE REPORT Page 15 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRU STS - i.come, vutne, t ....

actions (Includes those of sp ...... d dependent children; see pp. 34-60 of filing instructions.)

NONE (No reportable income,

assets,

or transactions.)

188. Fidelity Money Market 189. Fidelity Money Market 190. Fidelity Money Market 191. Fidelity Money Market 192. Fidelity Money Market 193. Fidelity Emerging Markets 194. Fidelity PAS Intl Fund of Funds 195. Fidelity PAS Intl Fund of Funds 196. Fidelity PAS Intl Fund of Funds 197. Fidelity PAS Intl Fund of Funds 198. Fidelity PAS Intl Fund of Funds 199. Fidelity PAS Intl Fund of Funds 200. Fidelity PAS Intl Fund of Funds 201. Fidelity PAS Intl Fund of Funds - NAME CHANGE 202 .... to STRATEGIC ADVISORS INTL FUND 203. Strategic Advisors lntl Fund 204. Strategic Advisors lntl Fund A A Dividend Dividend

Sold
(part) Sold

05/25/10
08/31/10

J
J

A A

(part)
Buy 09/21/10 (addl)
Sold 10/22/10

J J J J J J J J
J

A A A

(part)
Sold 12/07/10

Sold

08/04/10

Buy Buy
(addl)

01/27/10 03/30/10
05/12/10

Buy

(addl)
Buy (addl) Buy
(addl) Sold

07/27/10 07/28/10
08/04/10

(part)
Buy (addl)
Buy

J J J

08/10/10
08/11/I 0

(addl) 08/20/10 Buy

(addl) Buy (addl) 09/22/10

09/21/10

J J

1. Income Gain Codes: (See Coltmms B 1 and IM) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

A =$1.000 or tess F =$50,001 - $100,000 J =$15.000 or less N =$250.001 - $500.000 P3 =$25.000,001 - $50.000.000 Q =Appraisal U =Book Value

B =$1.001 - $2,500 G =$100.001 - $1.000.000 K =$15.D01 -$50,000 O =$500.00t - $1,000,000 R =Cost (Real Estate Only) V =Other

C =$2.501 - $5,000 H I =$1.000,001 - $5,000,000 L =$50,001 - $100.000 PI =$1,000,001 - $5,000,000 P4 =More than $50.000.000 S =Assessment W =Estimated

D =$5.001 - $15,000 H2 =More than $5.000.000 M =$100,001 -$250,000 P2 =$ 5.000,001 - $25,000,000 T =Cash Market

E =$15.001- $50.000

FINANCIAL DISCLOSURE REPORT Page 16 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - i .... e, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
A. Deseription of A~sets (including trust assets) Place "(X)" aider each asse! .......... exempt from prior disclosure B: Income during reporting period (2) (D Amgu0L Type (e.g., Codel div., rent, (A-H) or int.) C. Gross value at end oreporting period (~) Value Code 2 (J-P) (2) Value Method Code 3 (Q-W) (t) Type (e.g., buy, sell. redemption) D. Transactions during reporting period 2) Date mm/dd/yy (3) (4) Value Gain Code 2 Code I (J-P) (A-H) (5) Identity of buyer/seller (!fprivate transacnon)

205. Strategic Advisors Intl Fund 206. Strategic Advisors Intl Fund 207. Strategic Advisors Intl Fund 208. Strategic Advisors Intl Fund 209. Fidelity PAS US Opp Fund of Funds 210. Fidelity PAS US Opp Fund of Funds 211. Fidelity PAS US Opp Fund of Funds 212. Fidelity PAS US Opp Fund of Funds 213. Fidelity PAS US Opp Fund of Funds 214. Fidelity PAS US Opp Fund of Funds 215. Fidelity PAS US Opp Fund of Funds NAME CHANGE 216 .... to STRATEGIC ADVISORS OPPORTUNITIES FUND 217. Strategic Advisors Opportunties Fd 218. Fidelity Strategic Advisors Core Fd 219. Fidelity Strategic Advisors Core Fd 220. Fidelity Strategic Advisors Core Fd 221. Fidelity Strategic Advisors Core Fd K T T

Sold (part) Sold (part) Buy (addl) Buy (addl) Buy Buy (addl)

10/22/I 0 11/10/10 12/17/10 12/22/10 03/30/10 03/31/10

J J J J J

A A

J J J J J J
A

Buy 05/12/10 (addl) Buy (addl) 05/2:2/10

Buy 07/27/10 (addl)

(pad)
Buy (addl)

Sold

08/04/10 08/10/10 08/20/10

Buy (addl) Buy Buy (addl) Buy (addl) Buy (addl)

09/21/10 01/27/10 01/28/10 03/30/10 06/22/10

J J J J J

(See Columns B 1 and D4) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (See Column C2)

F =$50,001 - $ !00,000 J =$15,000 or less N =$250,001 -$500,000 P3 =$25;000~00! - $50,000;000 Q =Appraisal U =Book Value

G =$100,001 - $1,000,000 K =$15,001 -$50,000 O =$500,001 - $t,000,000 R =Cost (Real Estate Only) V =Other

C =$2,501 - $5,000 HI =$1,000,~0i - $5,0001000 L =$50,001 - $100,000 P t =$ 1,000,00 i - $5,000;000 P4 =More than $50~000,000 S =Assessment W =Estimated

D =$5,001 - $15,000 H2 =More than $5,000,000 M =$100,001 - $250~000 P2 =$5;000,001 - $25,000,000 T =Cash Market

E =$15,001 o $50,000

FINANCIAL DISCLOSURE REPORT Page 17 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of sp ......
NONE (790 reportable income, assets, or transactions.)
A. Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure B. Income during reporting period (1) (2) Amount Type (e.g., Code 1 div., rent, (A-H) or int.) C. Gross value at end of reporting period (1) Value Code 2 (J-p) (2) Value Method Code 3 (Q-W)

d dependent children; see pp. 34-60 of filing instructions.)

D. Transactions during reporting period (1) Type (e.g., buy, sell, redemption) (2) (3) (4) Date Value Gain mm/dd/yy C~d~ Code 1 (~=e) [ (A-H)

Identity of buyer/seller (ifprivate transaction)

222. Fidelity Strategic Advisors Core Fd 223. Fidelity Strategic Advisors Core Fd 224. Fidelity Strategic Advisors Core Fd
225. Fidelity Strategic Advisors Core Fd

Buy (addl) Sold

07/27/10 08/04/10 08/10/10

09/21/I0

J J J
J

(part)
Buy
(addl) Buy (addl) Buy (addl)

226. Fidelity Strategic Advisors Core Fd

10/22/10

227. Fidelity

Strategic Advisors Core Fd

B Dividend K T

Buy (addl) Buy Buy (addl) Buy (addl)

Sold

11/10/10

228.

Strategic Advisors Growth Fund Strategic Advisors Growth Fund Strategic Advisors Growth Fund Strategic Advisors Growth Fund

06/22/10

229.

07/27/10

230.

08/10/10

231.

08/04/10

(part)
232,

Strategic Advisors Growth Fund Strategic Advisors Growth Fund

Buy (addl) Buy

(addl) Buy (addl) Buy (addl) Buy (addl) Sold (part) A Dividend J T Buy

10/22/10

233.

l 1/10/10

234. Strategic Advisors Growth Fund 235. Strategic Advisors Growth Fund 236. Strategic Advisors Growth Fund 237. Strategic Advisors Growth Fund 238. Strategic Advisors Emerging Markets

11/12/I0 12/07/10 12/08/10 12/17/10 I0/22/10

J J J J J A

(See Columns B 1 and I)4) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2)

F =$50,001 - $100,000 J =$15,000 or less N =$250,001 - $500,000 P3 =$25,000,00I - $50,000,000 Q =Appraisal U =Book Value

G =$100,001 - $1,000,000 K =$15i001 - $50,000 O =$500,001 - $1,000,000 R =Cost (Real Estate Only) V -Other

C =$2,501 - $5,000 H1 =$1,000,001 -$5,000,000 L =$50,001- $100,000 P I =$1,000.001 - $5~000;000 P4 =More than $50,000,000 S =Assessment w =Estimated

D =$5,001 - $15,000 H2 --More th~h ~5i000~000 M =$100 00!-$250;000 P2 =$5,000i001-$35;000,000 T =Cash Market

E =$15,001 - $50,000 :

FINANCIAL DISCLOSURE REPORT Page 18 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - i .... e, value, t ......tions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.)
~] NONE (No reportable income, assets, or transactions.)

239. Strategic Advisors Emerging Markets 240. Stiategic Advisors Emerging Markets
241. Fidelity Dividend Growth A Dividend

Buy
(addl) Buy (addl) Buy

10/25/10
I 1/10/10

J J J J J J J J J J J J J J J J J A
A A A A

05/12/10

242. Fidelity Dividend Growth

Sold

06/22/10

A A

(part) (part)
Buy
(addl) Sold Sold 07/27/10

243. Fidelity Dividend Growth

244. Fidelity Dividend Growth

245. Fidelity Dividend Growth

08/04/10
09/21/10

246. Fidelity Select Gold

Dividend

Buy

08/04/10

247. Fidelity Select Gold

Sold (part) A Dividend J T Buy

09/21/10

248. Fidelity High Income

08/04/10

249. Fidelity High Income

(part)
Sold 09/21/10
10/22/10

Sold

08/10/10

250. Fidelity High Income

251. Fidelity High Income

(part)
Sold

(part)
Sold

252. Fidelity High Income

12/07/10

(p~)
A Dividend J T Buy 10/22/10

253. FIMM MMkt Port Inst CL

254. FIMM MMkt Port Inst CL

Buy (addl) Sold (part)

12/07/10

255. FIMM MMkt Port Inst CL

12/28/10

I. Income Gain Codes: (See Columns BI and D4) 2. Value Codes (See Columns C t and D3) 3. Value Method Codes ISee Column C2)

A =$1.000 or less F =$50.001 - $100,000 ~ =$15.000 or less N =$250.001 - $500.000 P3 =$25.000.001 - $50.000.000 Q =Appraisal U =Book Value

B =$1,001 - $2.500 G =$100.001 - $1,000,000 K =$15.001 - $50.000 O =$500.001 - $1.000.000 R -Cost (Real Estate Only) V =Other

C =$2,501 - $5,000 H 1 =$1.000.001 - $5,000,000 L=$50.001 - $100,000 P 1 =$1,000,001 - $5,000,000 P4 =More than $50.000.000 S =Assessment W =Estimated

D =$5,001 - $15,000 H2 =More than $5,000,000 M =$100.001 - $250,000 P2 =$5,000,001 - $25.000.000 T =Cash Market

E =$15,001 - $50.000

FINANCIAL DISCLOSURE REPORT Page 19 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRU S TS - inco,.e, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of f!ling instructions.)

NONE (No reportable income, assets, or transactions.)

256. Aston Montag & CAL Dwell Growth CL N 257. Aston Montag & CAL Dwell Growth CL N 258. Aston Montag & CAL Dwell Growth CL N 259. Aston Montag & CAL Dwell Growth CL N 260. Aston Montag & CAL Dwell Growth CL N 261. Aston Montag & CAL Dwell Growth CL N 262. Credit Suisse Commd Return Strtgy 263. Hartford Growth Opp CL A 264. Hartford Growth Opp CL A 265. Hartford Growth Opp CL A 266. Lazard Emerging Mkts Open Class 267. Lazard Emerging Mkts Open Class 268. Lazard Emerging Mkts Open Class 269. Merger Fund 270. Metropolitan West Low Duration 271. CRM Mid Cap Val Investor Shrs 272. CRM Mid Cap Val Investor Shrs

Dividend

Buy Sold (part) Sold

08/04/10 08/10/10 09/21/10 10/22/10 11/10/10 12/07/10 08/04/10 08/04/10 08/10/I 0 09/21/10 08/04/10 10/22/10 11/10/10 09/21/10 08/04/10 08/04/10 09/21/10

J J J J J J J J J J J J J J J J J A A A A A A A A A A

(part)
Sold

(part)
Sold (part) Sold A A Dividend Dividend J T Buy Buy Sold (part) Sold A Dividend Buy Sold

(part)
Sold A A A Dividend Dividend Dividend J J T T Buy Buy Buy Sold (part)

1. Income Gain Codes: (See Columns B 1 and I)4) 2. Value Codes (See Columns C I and D3] 3. Value Method Codes (See Column C2)

A =$1.000 or less F =$50,001 - $100,000 .~ =$15.000 or less N =$250.001 - $500,000 p3 =$25,000,001 . $50,000,000 Q =Appraisal U =Book Value

B =$1.001 - $2.500 G =$100,001 - $ 1,000,000 K =$15,001 - $50,000 O =$500.001 - $1,000.000 R =Cost (Real Estate Only) V =Other

C =$2.501 - $5.000 H 1 =$1.000.001 - $5,000,000 L =$50.001 - $100,O00 PI ~$t.000.001 - $5,000,000 P4 More than $50.000.000 S =Assessment W =Estimated

D =$5.001 - $15,000 H2 =More than $5,000,000 M =$100.001- $250,000 P2 =$5,000,001 ~ $25,000,000 T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 20 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 of f!ling instructions.)

NONE (No reportable income, assets, or transactions.)

273. CRM Mid Cap Val Investor Shrs 274. CRM Mid Cap Val Investor Shrs 275. T.Rowe Price Equity Income Advisor CL 276. T.Rowe Price Equity Income Advisor CL 277. T.Rowe Price Equity Income Advisor CL 278. T.Rowe Price Equity Income Advisor CL 279. PAS Income Opport Fund of Funds
280. PAS Income Opport Fund of Funds

Sold (part) Sold A Dividend

10/22/10 11/10/I0

J J

A A

Buy
Sold Sold

08/04/10 J
09/21/10 10/22/10 11/10/10 06/22/10 07/27/10 08/04/10 08/10/l 0 J J J J J J J A A A A

(part) (part)
Sold A Dividend K T Buy Buy (addl) Sold

281. PAS Income Opport Fund of Funds 282. PAS Income Opport Fund of Funds 283. PAS Income Opport Fund of Funds - NAME CHANGE 284 .... to STRATEGIC ADVISORS INCOME OPPORTUNITIES FUND 285. Strategic Advisors Income Opportunities Fund
286.

(part)
Buy (addl)

08/20/10 Buy (addl) 10/22/10

287.

I l~e~ Gain Codesi A ~$1~000 6~ iesS ....... ...................... and D4) F =$50,001 : $100,000 (See Columns BI ..... .... J =$15,000 0r less 2. ValueCodes (See Columns C1 and 03) N =S250,001 - $500,000 P3 =$25;000,001 - $50,000,000 3. Value Method Codes Q =Appraisal (See Column C2) U =Book Value

B =$1,001- $2;500 G ~$100 001 ~ $1 000 000 K=$15;001 z$50,000 O =$500,001 ~ S 1,000;000 R =Cast (Real Estate Only) V =Other

C =$2i501- $5,000 fii~$i ~0 b01 ~ $5 L=$501001 55 ~0i000 Pi:L$]!O00!00 J : *S;000~000 P4 ~M0r6 ih~n $50,000i000 S =AssESSment W --Estimated

D =$5,001 - SlS,000

E =$15,001-$50,000

H2 =More lhan$5~000,000 ................ $25;000,000 T =Cash Market

FINANCIAL DISCLOSURE REPORT Page 21 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

VIII. ADDITIONAL INFORMATION OR EXPLANATIONS. (]ndlcatepart of report.)

Part VII. Investments and Trusts (contd) ~ makes a monthly contribution to her Cedars Sinai Medical Center 403(b) Plan. * Fidelity Portfolio Advisory Services manages~ IRA.

FINANCIAL DISCLOSURE REPORT Page 22 of 22

Name of Person Reporting Paez, Richard A.

Date of Report 06/30/2011

IX. CERTIFICATION.
I certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure. I further certify that earned income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 U.S.C. app. 501 et. seq., 5 U.S.C. 7353, and Judicial Conference regulations.

Signature: S] Richard A. Paez

NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. 104)

Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544