| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Accenture PLC | 20,522 | 24,345 |
| Ingersoll-Rand Public Ltd | 20,103 | 20,107 |
| XL Group PLC | 24,906 | 31,469 |
| Check Point Software Tech | 15,216 | 14,523 |
| Allegheny Technologies Inc | 24,693 | 44,199 |
| Anadarko Petroleum Corp | 19,525 | 27,132 |
| Apple Inc | 11,785 | 39,361 |
| Baker Hughes Inc | 15,188 | 19,046 |
| Bank of America Corp | 41,075 | 35,698 |
| Berkshire Hathaway Inc | 19,281 | 23,626 |
| BHP Billiton LTD Spons | 29,999 | 34,455 |
| Broadcom Corp | 19,987 | 24,484 |
| Carnival Corp | 18,666 | 24,814 |
| Chevron Corp | 26,862 | 31,232 |
| Citigroup Inc | 35,885 | 36,912 |
| Coca-Cola Co | 30,930 | 33,750 |
| Cummins Inc | 17,875 | 43,411 |
| Deere & Co | 25,562 | 41,996 |
| Devon Energy Corp | 30,977 | 40,975 |
| Diageo PLC Spon | 18,304 | 21,734 |
| Dover Corp | 13,106 | 17,051 |
| EMC Corp | 29,035 | 37,808 |
| Emerson Electric Co | 27,079 | 38,095 |
| Fluor Corp New | 29,987 | 48,364 |
| General Electric | 40,035 | 49,685 |
| Goldman Sachs Group Inc | 34,389 | 35,015 |
| Honeywell Intl Inc | 18,010 | 26,549 |
| Intel Corp | 22,345 | 26,675 |
| Intl Business Machines Corp | 15,257 | 30,942 |
| JP Morgan Chase & Co | 26,313 | 28,043 |
| Johnson Controls Inc | 31,202 | 43,688 |
| Lincoln National Corp | 27,252 | 29,878 |
| McDonalds Corp | 15,544 | 26,816 |
| Metlife Inc | 30,245 | 37,669 |
| Microchip Technology Inc | 15,216 | 15,901 |
| NCR Corp New | 15,269 | 15,072 |
| NETAPP INc | 22,562 | 32,564 |
| Nike Inc | 30,056 | 37,446 |
| Paychex Inc | 15,245 | 15,360 |
| Philip Morris Intl Inc | 30,718 | 35,374 |
| Praxair Inc | 13,563 | 15,166 |
| Quanta Services Inc | 13,326 | 16,587 |
| Schlumberger Ltd | 30,012 | 42,181 |
| Southwester Energy Co | 27,367 | 27,374 |
| Texas Instruments Inc | 23,559 | 36,046 |
| Travelers Companies Inc | 18,608 | 20,141 |
| United Parcel Service Cl B | 24,051 | 30,080 |
| Vale S A Spon Adr | 31,561 | 37,407 |
| Weyerhaeuser Co | 15,163 | 17,246 |
| Bunge Limited | 4,293 | 5,309 |
| Alcon Inc | 2,945 | 5,374 |
| Logitech International | 4,395 | 5,041 |
| Qiagen-Eur | 5,999 | 6,587 |
| Admiral Group PLC | 5,533 | 5,568 |
| Air Liquide ADR | 13,153 | 19,165 |
| Allianz SE Adr | 10,378 | 16,082 |
| America Movil SAB DE CV | 6,316 | 11,056 |
| Arm Holdings PLC Adr | 7,771 | 13,897 |
| Atlas Copco AB | 3,036 | 8,373 |
| BG Group PLC | 3,446 | 11,046 |
| CSL Ltd | 4,634 | 6,175 |
| Canon Inc | 10,226 | 11,061 |
| Carnival Corp | 4,610 | 5,991 |
| China Res Enterprises Ltd | 4,267 | 5,017 |
| Cochlear Limited | 6,754 | 7,977 |
| DBS Group Hldg | 3,252 | 4,329 |
| Dassault Systems | 10,646 | 18,511 |
| Encana Corp | 6,021 | 7,132 |
| Erste Group Bank | 8,723 | 15,738 |
| Fanuc Ltd Japan | 6,361 | 14,002 |
| Fresenius Medical Care | 6,352 | 8,081 |
| Gazprom OAO Spons | 2,918 | 4,790 |
| HSBC Hldgs Plc | 5,564 | 6,284 |
| Hoya Corp | 6,993 | 8,872 |
| ICICI Bank | 11,278 | 12,265 |
| Imperial Oil Ltd | 6,138 | 8,164 |
| ITAU Unibanco Banco | 6,045 | 7,052 |
| Jupiter Telecom | 4,014 | 5,908 |
| LI & Fung Ltd | 8,518 | 12,575 |
| L'Oreal Co | 7,514 | 10,263 |
| LVMH Moet Hennessy Louis Vuitton | 3,618 | 6,072 |
| Lonza Group | 4,614 | 4,231 |
| MTN Group Ltd | 8,415 | 9,153 |
| Nestle S A Sponsored ADR | 12,134 | 17,079 |
| Novo Nordisk | 4,943 | 10,408 |
| Petroleo Brasileiro | 5,260 | 5,420 |
| Roche Hldg Ltd | 10,305 | 10,256 |
| SAP AG spons | 8,731 | 13,896 |
| Sasol Ltd | 2,999 | 5,127 |
| Schlumberger Ltd | 7,873 | 14,149 |
| Schneider Elect SA | 9,062 | 13,534 |
| Swatch Group | 7,363 | 8,048 |
| Taiwan Semiconductor | 7,267 | 11,606 |
| Tesco PLC | 6,786 | 8,082 |
| Teva Pharmaceuticals Inds | 5,615 | 6,777 |
| Turkiye Garanti Bankasi | 7,278 | 5,564 |
| Unicharm Corp Unspon | 9,316 | 8,847 |
| Unilever PLC | 3,733 | 4,642 |
| WPP PLC | 7,879 | 16,301 |
| Wal-Mart De Mexico | 6,183 | 13,499 |
| Covidien PLC | 13,270 | 14,146 |
| AT&T | 25,331 | 22,842 |
| Adobe Systems Inc | 7,642 | 7,403 |
| Amgen Inc | 20,792 | 20,985 |
| Anadarko Petroleum Corp | 6,332 | 11,947 |
| Apache Corp | 14,643 | 17,068 |
| Archer Daniels Midland Co | 13,959 | 14,865 |
| Bank of America Corp | 26,483 | 29,053 |
| Bank of New York Mellon Corp | 12,160 | 11,430 |
| Barrick Gold Corp | 6,800 | 7,269 |
| CIGNA Corp | 11,572 | 14,119 |
| Carnival Corp | 8,503 | 15,693 |
| Caterpillar Inc | 15,204 | 27,551 |
| Chevron Corp | 44,394 | 53,541 |
| Cliffs Natural Resources | 7,943 | 15,554 |
| Colgate Palmolive Co | 12,687 | 12,821 |
| Comcast Corp | 18,243 | 24,638 |
| Corning Inc | 14,696 | 16,991 |
| Delta Air Lines Inc | 12,692 | 13,421 |
| Devon Energy Corp | 10,466 | 12,860 |
| Dow Chemical Co | 17,859 | 26,397 |
| EMC Corp Mass | 12,511 | 15,780 |
| Eaton Corp | 21,715 | 32,712 |
| El Paso Corp | 13,776 | 16,769 |
| Emerson Electric Co | 12,246 | 15,191 |
| Ford Motor Company | 11,491 | 24,212 |
| General Electric Co | 17,043 | 11,842 |
| Goldman Sachs Group Inc | 23,026 | 35,342 |
| HSN Inc | 16,859 | 22,275 |
| Halliburton Co Holdings Co | 9,139 | 18,585 |
| Hertz Global Holdings Inc | 17,266 | 34,215 |
| Hess Corp | 10,637 | 15,226 |
| Hewlett Packard Co | 7,615 | 7,493 |
| Hyatt Hotels Corp | 10,366 | 15,646 |
| Intel Corp | 7,133 | 9,764 |
| JPMorgan Chase & Co | 59,918 | 67,500 |
| Johnson & Johnson | 13,478 | 13,149 |
| KeyCorp | 14,181 | 17,462 |
| Kroger Co | 18,680 | 17,698 |
| M&T Bk Corp | 3,495 | 7,523 |
| Marathon Oil Corp | 11,220 | 15,584 |
| Marriott Intl Inc | 8,213 | 19,469 |
| Merck & Co Inc | 11,056 | 11,875 |
| Metlife Inc | 9,095 | 11,305 |
| Morgan Stanley | 15,741 | 19,639 |
| Mosaic Company | 12,225 | 17,180 |
| Nextera Energy Inc | 6,521 | 6,522 |
| Omnicom Group Inc | 16,203 | 16,965 |
| Oracle Corp | 12,608 | 16,784 |
| PG&E Corporation | 7,343 | 7,914 |
| PNC Financial Services Group | 17,552 | 16,560 |
| PPL Corp | 4,940 | 5,003 |
| Pepsico Inc | 13,262 | 13,827 |
| Pfizer Inc | 32,429 | 33,889 |
| Proctor & Gamble Co | 17,126 | 16,856 |
| Progress Energy Inc | 8,711 | 8,984 |
| Prudential Financial Inc | 18,195 | 19,253 |
| Regions Financial Corp | 9,343 | 9,557 |
| Schlumberger Ltd | 23,063 | 37,910 |
| State Street Corp | 11,954 | 14,016 |
| Suncor Energy Inc | 11,026 | 13,076 |
| Suntrust Banks Inc | 24,076 | 36,759 |
| Target Corp | 9,083 | 15,188 |
| Teva Pharmaceuticals Inds | 9,186 | 13,007 |
| Texas Instruments Inc | 17,799 | 17,837 |
| Time Warner Cable Inc | 11,381 | 14,990 |
| United States Steel Corp | 11,373 | 15,052 |
| Unitedhealth Group Inc | 21,501 | 33,538 |
| Valero Energy Corp | 9,479 | 12,401 |
| Verizon Communications | 12,418 | 15,744 |
| Wells Fargo & Co | 54,715 | 65,975 |
| Zions Bancorp | 12,048 | 18,605 |
| Adidas AG Spon ADR | 4,896 | 6,096 |
| America Movil SAB DE | 6,626 | 10,657 |
| BG Group PLC | 4,814 | 6,875 |
| BNP Paribas Spon | 4,318 | 6,479 |
| Banco Bradesco Spons | 6,736 | 7,738 |
| Bayer AG | 3,594 | 4,439 |
| BMW | 3,867 | 6,284 |
| BHP Billiton Ltd | 8,465 | 14,512 |
| British American Tobacco | 4,517 | 5,337 |
| Bunzl PLC | 5,910 | 6,903 |
| CNOOC Ltd | 8,541 | 12,024 |
| CSL Ltd-Aud | 5,618 | 7,812 |
| Canadian Natl Railway Co | 3,626 | 4,210 |
| Canon Inc | 4,344 | 5,162 |
| Cenovus Energy Inc | 2,072 | 2,596 |
| Centrica PLC | 5,598 | 7,121 |
| Cheung Kong Holding | 5,256 | 7,651 |
| Coca Cola Amatil Spon | 3,994 | 4,878 |
| Cocal Cola Hellenic Bottlin Co | 3,545 | 4,602 |
| Compass Group PLC | 8,367 | 8,905 |
| Danone Spons ADR | 4,270 | 4,940 |
| Denso Corp | 2,988 | 4,122 |
| Encana Corp | 2,089 | 2,420 |
| Ericsson L M Tel Co | 4,387 | 4,738 |
| Fanuc LTD | 6,591 | 8,702 |
| Fomento Economico Mexicano | 2,306 | 2,813 |
| Fresenius Medical Care | 3,551 | 4,099 |
| Gazprom OAO | 4,105 | 5,165 |
| Grupo Televisa SA DE | 5,165 | 6,538 |
| Hutchinson Whampoa LTD | 4,411 | 8,381 |
| Imperial Tobacco Group | 8,560 | 8,919 |
| Industrial & Coml Bk | 6,470 | 6,543 |
| Infosys Technologie | 6,137 | 7,245 |
| International PWR PLC | 9,285 | 11,065 |
| Julius Baer Group | 4,355 | 6,945 |
| Keppel Ltd | 3,074 | 7,853 |
| Kingfisher PLC | 4,976 | 5,915 |
| Komatsu Ltd | 5,207 | 7,510 |
| Koninklijke Ahold NV | 4,391 | 4,668 |
| Nestle SA | 5,755 | 8,187 |
| Nidec Corporation | 6,533 | 9,251 |
| Novartis AG | 6,603 | 7,820 |
| Novo Nordisk | 6,070 | 8,937 |
| Petroleo Brasileiro | 4,043 | 4,077 |
| Phillippine Long Distance Tel Co | 5,995 | 6,294 |
| Publicis Groupe | 3,267 | 3,712 |
| Reed Elsevier PLC | 4,905 | 6,235 |
| Roche Hldg Ltd | 10,784 | 11,137 |
| Royal Dutch Shell PLC | 4,881 | 5,857 |
| Royal KPN | 4,163 | 5,005 |
| SAP AG | 4,694 | 5,906 |
| Sharp Corp ADR | 4,024 | 3,947 |
| Shire PLC | 7,876 | 9,834 |
| Smith & Nephew PLC | 2,258 | 3,023 |
| Syngenta AG | 4,002 | 5,752 |
| TNT N V | 4,550 | 4,869 |
| Taiwan Semiconductor MFG | 6,775 | 8,966 |
| Talisman Energy Inc | 2,428 | 3,323 |
| Tesco PLC | 6,797 | 8,298 |
| Teva Pharmaceutical Inds | 10,815 | 13,061 |
| Total SA Spons | 3,938 | 4,467 |
| Toyota Motor Corp | 4,041 | 4,602 |
| Transcanada Corp | 5,906 | 6,468 |
| Trend Micro Inc | 2,782 | 2,879 |
| Unilever NV | 4,101 | 4,356 |
| Vimpelcom Ltd | 3,595 | 3,114 |
| Vodafone Group PLC | 6,028 | 8,678 |
| Volvo Aktiebolaget | 2,339 | 2,490 |
| WPP PLC ADR | 5,277 | 6,818 |
| Cosan Ltd | 6,907 | 11,721 |
| Foster Wheeler | 7,005 | 7,656 |
| Noble Corporation | 8,147 | 8,836 |
| Lyondellbasell Indu | 6,087 | 7,260 |
| Dryships Inc | 10,932 | 9,500 |
| General Maritime Corp | 12,208 | 6,603 |
| Navios Maritime Holdings Inc | 6,942 | 5,549 |
| Agrium Inc | 7,997 | 12,021 |
| Albemarle Corp | 6,012 | 5,953 |
| Alpha Natural Resources Inc | 6,886 | 8,597 |
| Andersons Inc | 11,959 | 12,681 |
| Apache Corp | 11,990 | 14,920 |
| Ashland Inc | 8,364 | 9,057 |
| CF Industries Holdings | 4,324 | 7,562 |
| Caterpillar Inc | 6,525 | 9,798 |
| Celanese Corporation | 7,375 | 7,302 |
| Cliffs Natural Resources | 7,737 | 16,494 |
| Consol Energy Inc | 6,538 | 7,704 |
| Devon Energy Corp | 4,475 | 5,410 |
| Dow Chemical Co | 6,863 | 7,167 |
| EI Du Pont De Nemours & co | 8,326 | 8,768 |
| Freeport McMoran Copper & Gold | 9,189 | 14,246 |
| Great Basin Gold | 7,218 | 10,167 |
| Hess Corp | 6,685 | 10,263 |
| Joy Global Inc | 5,507 | 8,805 |
| McDermott International Inc | 5,626 | 6,109 |
| Mechel OAO | 7,078 | 10,184 |
| Mosaic Company | 9,074 | 12,075 |
| National Oilwell Varco Inc | 4,053 | 9,385 |
| New fiels Exploration Comapny | 3,111 | 4,610 |
| Occidental Petroleum Corp | 8,796 | 11,408 |
| Lukoil Oil | 9,837 | 11,588 |
| Posco Spon | 6,036 | 5,720 |
| Potash Corp | 9,123 | 13,867 |
| Pride International Inc | 6,547 | 6,663 |
| Quandra FNX MNG Ltd | 7,549 | 7,140 |
| Repsol SA Sponsored | 7,576 | 10,442 |
| Schlumberger Ltd | 16,472 | 23,404 |
| Southwestern Energy Co | 9,481 | 9,678 |
| Syngenta AG | 2,163 | 2,521 |
| Teck Resources Ltd | 9,687 | 15,514 |
| Tenaris SA | 7,233 | 7,500 |
| Total SA Spon | 8,424 | 9,756 |
| Ultra Petroleum Corp | 10,123 | 9,928 |
| Vale SA Spon | 16,272 | 20,062 |
| Walter Energy Inc | 4,814 | 8,598 |
| World Fuel Svcs Corp | 3,581 | 5,331 |
| Xstrata PLC | 6,486 | 9,302 |
| Yanzhou Coal Mining Co Ltd | 9,336 | 11,409 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ISHARES Russell 2000 Index | 226,610 | 374,160 | |
| ING Risk Managed Natural Resource Fund | 411,596 | 381,485 | |
| ING Clarion Global Real Estate Income Fund | 198,585 | 105,490 | |
| Ariel Fund | 198,814 | 215,786 | |
| Ariel Appreciation Fund | 214,501 | 236,262 | |
| Calvert Social Invt | 288,905 | 323,890 | |
| Harbor Bond Fund Instl Shares | 164,460 | 170,101 | |
| Henderson Intl Opportunities | 212,799 | 198,297 | |
| Pimco Total Return Fund | 163,794 | 171,868 | |
| India Fund Inc | 23,990 | 22,746 | |
| ISHARESMSCI Brazil Index Fund | 26,680 | 24,522 |
| Description | Amount |
|---|---|
| Net Capital Loss | 25,089 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Registration fee | 250 | 125 | 125 | |
| Administrative expense | 10,888 | 5,444 | 5,444 | |
| Clerical expense | 1,000 | 500 | 500 | |
| Insurance expense | 646 | 323 | 323 | |
| Investment fee | 35,008 | 35,008 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Miscellaneous | 2,098 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 3,023 | 3,023 |