| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MTB INTERMEDIATE TERM BD | ||
| MTB INTERNATIONAL EQUITY | 43,696 | 39,378 |
| MTB SHORT TERM CORP BOND | 36,304 | 36,930 |
| CRM MID CAP VALUE FD | ||
| MTB LARGE CAP VALUE INSTIT 327 | 24,074 | 26,027 |
| VANGUARD INSTITUTIONAL | ||
| T ROWE PRICE LG CAP GRWTH | 13,858 | 16,970 |
| ALPINE INTL REAL ESTATE EQTY F | ||
| HARBOR CAP APPREC FD #12 | ||
| MTB LG CAP STK #299 | 27,026 | 26,909 |
| MTB SM CAP STK #555 | 11,231 | 11,346 |
| HARBOR INTL FUND #11 | 14,476 | 22,419 |
| LAZARD EMERGING MKT | 9,981 | 12,815 |
| MASTERS SELECT #306 | 9,239 | 13,148 |
| GOLDMAN SACHS HI YLD | ||
| RIDGEWORTH SEIX FLOATING RATE | 16,353 | 16,885 |
| MTB MID CAP #401 | 12,060 | 15,585 |
| GUINNESS ATKINSON CHINA & HK | 2,864 | 4,637 |
| DREYFUS INTL BOND FUND | 13,118 | 13,210 |
| MFS EMERGING MKTS | 8,156 | 8,450 |
| MTB INCOME #143 | 57,858 | 60,267 |
| ARTIO GLOBAL HI INCOME | 4,300 | 4,330 |
| LSV VALUE EQUITY | 29,625 | 32,806 |
| MORGAN STANLEY FOCUS | 15,684 | 16,926 |
| ALPINE GLOBAL PREMIER | 7,854 | 8,522 |
| ING CLARION GLOBAL REAL ESTATE | 3,907 | 4,340 |
| MAINSTAY EPOCH | 3,941 | 4,202 |
| RS GLOBAL NATURAL RESOURCES | 6,524 | 8,438 |
| SPDR S&P DIVIDEND ETF | 4,526 | 4,782 |
| Description | Amount |
|---|---|
| ADJ FOR PENDING SALE AT YEAR END | 8 |
| ROUNDING ADJUSTMENT | 3 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES PRIOR YEAR BALAN | 27 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 186 | 186 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 6 | 6 | 0 |