| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MTB SHORT TERM CORPORATE BOND | AT COST | 13,203 | 13,526 |
| MTB INTERNATIONAL EQUITY | AT COST | 15,959 | 15,043 |
| CRM MID CAP VALUE FD INST #32 | |||
| MTB LGE CAP VAL INST I #327 | AT COST | 9,481 | 10,384 |
| VANGUARD INSTITUTIONAL INDX 94 | |||
| MTB INTERMED TERM BD FD #220 | |||
| T ROWE PRICE INSTIT LG CAP | AT COST | 5,460 | 6,672 |
| ALPINE INTL REAL EST EQTY FND | |||
| HARBOR CAP APPRECIATION #12 | |||
| MTB LG CAP GRWTH #299 | AT COST | 9,645 | 10,690 |
| MTB SM CAP GRWTH #555 | AT COST | 5,164 | 4,861 |
| HARBOR INTL #11 | AT COST | 5,293 | 8,584 |
| LAZARD EMERGING MKTS | AT COST | 4,137 | 4,835 |
| MASTERS SELECT INTL FD #306 | AT COST | 3,940 | 5,072 |
| GOLDMAN SACHS HI YLD INSTIT | |||
| RIDGEWORTH SEIX FLOATING RATE | AT COST | 6,245 | 6,233 |
| MTB MID CAP #401 | AT COST | 5,406 | 6,405 |
| GUINNESS ATKINSON CHINA & HK | AT COST | 940 | 1,641 |
| DREYFUS INTL BOND FUND | AT COST | 4,553 | 4,577 |
| MFS EMERGING MKTS DEBT FUND | AT COST | 2,938 | 3,051 |
| MTB INC0ME #143 | AT COST | 20,559 | 21,841 |
| ARTIO GLOBAL HI INCOME FD | AT COST | 1,524 | 1,537 |
| LSV VALUE EQUITY FUND | AT COST | 12,037 | 12,911 |
| MORGAN STANLEY FOCUS | AT COST | 6,260 | 6,613 |
| ALPINE GLOBAL PREMIER | AT COST | 3,201 | 3,148 |
| ING CLARION GLOBAL REAL ESTATE | AT COST | 1,587 | 1,612 |
| MAINSTAY EPOCH | AT COST | 1,423 | 1,593 |
| RS GLOBAL RESOURCES | AT COST | 2,630 | 3,405 |
| SPDR S&P DIVIDEND | AT COST | 1,720 | 1,767 |
| Description | Amount |
|---|---|
| ROUNDING ADJUSTMENT | 1 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES ON QUALIFIED FOR | 70 | 70 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 2 | 2 | 0 |