| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 1,385 | 1,385 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMEX CONSUMER DISCR SPDR | AT COST | 8,386 | 15,824 |
| AMEX ENERGY SELECT SPDR | AT COST | 13,583 | 20,816 |
| AMEX FINANCIAL SELECT SPDR | AT COST | 20,370 | 29,364 |
| AMEX HEALTH CARE SPDR | AT COST | 14,491 | 19,026 |
| AMEX INDUSTRIAL SPDR | AT COST | 11,497 | 20,504 |
| AMEX MATERIALS SPDR | AT COST | 4,248 | 6,952 |
| AMEX TECHNOLOGY SELECT SPDR | AT COST | 21,781 | 32,193 |
| AMEX UTILITIES SPDR | AT COST | 2,273 | 2,695 |
| CONSUMER STAPLES SECTOR SPDR TR | AT COST | 14,273 | 18,641 |
| HUSSMAN STRATEGIC GRWTH FD | AT COST | 43,973 | 36,174 |
| ISHARES IBOXX $ INVSTMT GRADE | AT COST | 22,157 | 23,423 |
| ISHARES MSCI EAFE | AT COST | 85,145 | 110,385 |
| ISHARES TR SMALLCAP 600 INDEX FD | AT COST | 25,174 | 42,931 |
| RIDGEWORTH SEIX HI YLD BND FND | AT COST | 44,666 | 46,253 |
| SPDR DJ WILSHIRE INTL REAL ESTATE | AT COST | 15,236 | 19,971 |
| VANGUARD BD INDEX FD INC | AT COST | 139,644 | 140,564 |
| VANGUARD EMERGING MKTS ETF | AT COST | 24,428 | 43,909 |
| VANGUARD REIT VIPER | AT COST | 37,430 | 49,224 |
| ISHARES S&P MIDCAP 400 GROWTH | AT COST | 16,863 | 22,964 |
| ISHARES S&P MIDCAP 400 VALUE | AT COST | 15,032 | 18,753 |
| DIAMOND HILL LG-SHRT FD CL I #11 | AT COST | 18,152 | 19,062 |
| MERGER FD SH BEN INT | AT COST | 18,391 | 18,525 |
| CR SUISSE COMMODITY RTN STRATEGY COMMON FD #2156 | AT COST | 41,241 | 42,376 |
| DREYFUS EMERGING MKTS DEBT LOCAL CURRENCY FD CL I#6083 | AT COST | 20,760 | 19,926 |
| LAUDUS MONDRAIN INTNL FXD INCOME FD CL INST#2940 | AT COST | 64,898 | 64,798 |
| VANGUARD INTERMEDIATE TERM B | AT COST | 25,637 | 27,469 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| UNDEVELOPED LEASES | 3 | 3 | 174,971 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POWERSHARES SECTION 1256 CONTRACTS & STRADDLES | 1,449 | 1,449 | 0 | |
| POWERSHARES PORTFOLIO DEDUCTIONS | 270 | 270 | 0 | |
| VANGUARD REIT VIPER | 332 | 332 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| DELAY RENTAL - POWER RESOURCES INC | 490 | 490 | 490 |