| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LECHOWICZ & ASSOC. | 1,200 | 1,200 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 197 WELLS FARGO | AT COST | 2,423 | 2,473 |
| 57 PERMANENT PORTFOLIO | AT COST | 2,348 | 2,622 |
| 152 IVA WORLDWIDE CLASS | AT COST | 2,348 | 2,549 |
| 91 FORWARD TACTICAL GROWTH | AT COST | 2,348 | 2,411 |
| 227 EATON VANCE GLOBAL | AT COST | 2,348 | 2,334 |
| 101 CALAMOS MARKET NEUTRAL INCOME | AT COST | 1,171 | 1,211 |
| 85 PROSHARES SHORT | AT COST | 3,512 | 3,781 |
| 64 ISHARES BARCLAYS CR | AT COST | 6,534 | 6,664 |
| 55 ISHARES JP MORGAN | AT COST | 5,677 | 5,889 |
| 44 WISDOMTREE INDIA | AT COST | 1,022 | 1,161 |
| 21 SPDR GOLD TR GOLD | AT COST | 2,359 | 2,913 |
| 39 MARKET VECTORS ETF | AT COST | 1,524 | 1,842 |
| 18 ISHARES MSCI SOUTH KOREA | AT COST | 884 | 1,101 |
| 85 ISHARES MSCI SINGAPORE | AT COST | 1,040 | 1,177 |
| 52 FIRST TR ISE WTR INDEX | AT COST | 1,118 | 1,153 |
| 95 RYDEX SGI MANAGED | AT COST | 2,639 | 2,523 |
| 226 PIMCO FDS | AT COST | 2,371 | 2,387 |
| 76 JP MORGAN HIGHBRIDGE | AT COST | 1,218 | 1,146 |
| 136 IVY ASSET STRATEGY | AT COST | 2,209 | 2,607 |
| 230 IQ ALPHA HEDGE | AT COST | 2,412 | 2,403 |
| 280 GOLDMAN SACHS | AT COST | ||
| 100 GATEWAY FUND | AT COST | ||
| 59 FIRST EAGLE | AT COST | 2,167 | 2,647 |
| 263 EVERGREEN ASSET | AT COST | ||
| 148 DIAMOND HILL FUNDS | AT COST | 2,273 | 2,435 |
| 130 BLACKROCK GLOBAL | AT COST | 2,232 | 2,546 |
| 59 SPDR LEHMAN INTL | AT COST | ||
| 38 SPDR SERIES TR BARCLAYS | AT COST | 1,432 | 1,509 |
| 100 NUVEEN FLOATING RATE | AT COST | ||
| 40 ISHARES BARCLAYS | AT COST | ||
| 21 ISHARES BARCLAYS INTERMED | AT COST | 2,217 | 2,285 |
| 49 ISHARES BARCLAYS MBS | AT COST | 5,201 | 5,173 |
| 22 ISHARES TR | AT COST | 2,288 | 2,294 |
| 74 ISHARES BARCLAYS | AT COST | ||
| 42 ISHARES IBOXX | AT COST | 4,399 | 4,554 |
| 43 ISHARES BARCLAYS | AT COST | 4,462 | 4,547 |
| 65 ISHARES BARCLAYS | AT COST | 6,627 | 6,989 |
| 173 VANGUARD VALUE | AT COST | 7,836 | 9,226 |
| 163 VANGUARD GROWTH | AT COST | 7,801 | 10,011 |
| 26 VANGUARD SMALL CAP | AT COST | 1,334 | 1,738 |
| 24 VANGUARD SMALL CAP | AT COST | 1,311 | 1,873 |
| 86 VANGUARD MID-CAP | AT COST | 3,713 | 5,358 |
| 91 VANGUARD MID-CAP | AT COST | 3,692 | 4,824 |
| 90 VANGUARD EMERGING | AT COST | 3,228 | 4,333 |
| 158 VANGUARD EUROPE | AT COST | 5,214 | 5,712 |
| 18 VANGUARD SPECIALIZED | AT COST | 1,605 | 1,789 |
| 50 SELECT SECTOR SPDR | AT COST | ||
| 35 SPDR INDEX SHS | AT COST | ||
| 34 POWERSHARES FTSE RAFI | AT COST | ||
| 30 POWERSHARES QQQ | AT COST | ||
| 69 KAYNE ANDERSON | AT COST | ||
| 24 ISHARES FTSE EPRA | AT COST | ||
| 19 ISHARES DJ US REAL ESTATE | AT COST | 2,422 | 2,798 |
| 47 ISHARES MSCI BRIC INDEX | AT COST | 1,819 | 2,309 |
| 6 ISHARES MSCI BRAZIL INDEX | AT COST | ||
| 8 IPATH MSCI INDIA | AT COST |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 1,042 | 1,042 | 0 | 0 |
| FILING FEE | 15 | 15 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX ON INVESTMENT INCOME | 31 | 31 |