Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
GEORGE M & PAMELA S HUMPHREY FUND
C/O MN ADVISORY SERVICES LLC

Number and street (or P.O. box number if mail is not delivered to street address)1111 SUPERIOR AVEROOM/SUITE 700Room/suite
City or town, state, and ZIP code
CLEVELAND, OH441142540
A Employer identification number

34-6513798
B Telephone number (see page 10 of the instructions)

(216) 363-6489
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$17,279,672J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 85 85  
4 Dividends and interest from securities...... 565,206 565,206  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 175,371
b Gross sales price for all assets on line 6a 11,659,984
7 Capital gain net income (from Part IV, line 2)... 205,322
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 740,662 770,613  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 50,988 38,241   12,747
c Other professional fees (attach schedule).... Click to see attachment 62,007 58,873   3,134
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 7,807 7,807    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 246     246
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 121,048 104,921   16,127
25 Contributions, gifts, grants paid........ 924,500 924,500
26 Total expenses and disbursements. Add lines 24 and 25 1,045,548 104,921   940,627
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -304,886
b Net investment income (if negative, enter -0-) 665,692
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 1,542 1,314 1,314
2 Savings and temporary cash investments.......... 245,209 101,735 101,735
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 12,082,020 Click to see attachment13,912,698 12,490,092
c Investments—corporate bonds (attach schedule)........ 6,369,296 Click to see attachment4,377,037 4,686,531
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,698,067 18,392,784 17,279,672
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 18,698,067 18,392,784
30 Total net assets or fund balances (see page 17 of the
instructions).................... 18,698,067 18,392,784
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 18,698,067 18,392,784
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 18,698,067
2 Enter amount from Part I, line 27a..................... 2 -304,886
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 18,393,181
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 397
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 18,392,784
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 205,322
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 812,705 17,695,689 0.045927
2009 756,725 15,673,482 0.048281
2008 928,680 18,834,842 0.049306
2007 1,012,888 22,302,281 0.045416
2006 884,330 21,237,222 0.041641
2 Total of line 1, column (d) ...................... 2 0.230571
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.046114
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 18,485,884
5 Multiply line 4 by line 3....................... 5 852,458
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,657
7 Add lines 5 and 6......................... 7 859,115
8 Enter qualifying distributions from Part XII, line 4.............. 8 940,627
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,657
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 6,657
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,657
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 9,194
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,194
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,537
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet2,537 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletOH
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJOSEPH P KOVALCHECK JR Telephone no.bullet (216) 363-6489
    Located atbullet1111 SUPERIOR AVE SUITE 700CLEVELANDOH ZIP+4bullet44114
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PAMELA B KEEFEClick to see attachment PRES/TTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    STEPHEN T KEEFEClick to see attachment VP/TTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    ALICE B BURNHAMClick to see attachment TRUSTEE
    0.50     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    SARAH DIMLINGClick to see attachment TRUSTEE
    0.50     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    PRISCILLA PERROTTIClick to see attachment SECRETARY
    2.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    JOSEPH P KOVALCHECK JRClick to see attachment TREASURER
    2.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BERNSTEIN GLOBAL WEALTH MANAGEMENT INVESTMENT MGMT 58,873
    127 PUBLIC SQUARE SUITE 5000
    CLEVELAND,OH44114
    MN ADVISORY SERVICES LLC ACTG/TAX/ADM 50,988
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    18,615,788
    b
    Average of monthly cash balances.......................
    1b
    151,607
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,767,395
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,767,395
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    281,511
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,485,884
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    924,294
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    924,294
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    6,657
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,657
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    917,637
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    917,637
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    917,637
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    940,627
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    940,627
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    6,657
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    933,970
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 917,637
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 55,893
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 940,627
    a Applied to 2010, but not more than line 2a 55,893
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 884,734
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		32,903
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    PAMELA B KEEFE PRESIDENT
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    (216) 363-6489
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST STATING PURPOSE AND AMOUNT-IRS 501(C)3.
    cAny submission deadlines:
    SUMBIT PRIOR TO MEETINGS HELD IN OCTOBER OF EACH YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    DOES NOT ACCEPT REQUESTS OF FUNDS FOR INDIVIDUALS.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    COLLEGE NOW GREATER CLEVELAND
    200 PUBLIC SQUARE
    CLEVELAND,OH44114     		N/A PUBLIC COLLEGE ACCESS AND SCHOLARSHIPS 5,000
    BEECH BROOK
    3737 LANDER ROAD
    CLEVELAND,OH44124     		N/A PUBLIC SPONSOR - 2010 BEECH BROOK BALL 2,500
    MISS HALL'S SCHOOL
    492 HOLMES ROAD
    PITTSFIELD,MA01202     		N/A PRIVATE ENDOWED FACULTY CHAIR 50,000
    CAMP HO MITA KODA
    3601 S GREEN ROAD
    CLEVELAND,OH44122     		N/A PUBLIC ANNUAL FUND 10,000
    CLEVELAND INSTITUTE OF
    MUSIC
    11021 EAST BOULEVARD
    CLEVELAND,OH44106     		N/A PUBLIC ANNUAL FUND 10,000
    CLEVELAND MUSEUM OF
    NATURAL HISTORY
    1 WADE OVAL DRIVE
    CLEVELAND,OH44106     		N/A PUBLLIC ANNUAL FUND 2,000
    CLEVELAND SIGN CENTER
    1909 EAST 101ST STREET
    CLEVELAND,OH44106     		N/A PUBLIC PREVENTION & EDUCATION PROGRAMS 5,000
    CLEVELAND ZOOLOGICAL
    SOCIETY
    3900 WILDLIFE WAY
    CLEVELAND,OH44109     		N/A PUBLIC OPERATING SUPPORT 1,500
    THE HOLDEN ARBORETUM
    9500 SPERRY ROAD
    KIRTLAND,OH44094     		N/A PUBLIC OPERATING SUPPORT 10,000
    HOPEWELL
    9637 STATE ROUTE 534 PO 1
    MESOPOTAMIA,OH44439     		N/A PUBLIC SCHOLARSHIP PROGRAM SUPPORT 10,000
    THE LAKEVIEW CEMETARY
    FUND
    12316 EUCLID AVENUE
    CLEVELAND,OH44106     		N/A PUBLIC OPERATING SUPPORT 500
    MAKE-A-WISH FOUNDATION
    1422 EUCLID AVENUE
    CLEVELAND,OH44115     		N/A PUBLIC OPERATING SUPPORT 10,000
    NEW DIRECTIONS
    30800 CHAGRIN BOULEVARD
    CLEVELAND,OH44124     		N/A PUBLIC ANNUAL FUND 10,000
    PLAYHOUSE SQUARE
    FOUNDATION
    1501 EUCLID AVENUE
    CLEVELAND,OH44115     		N/A PUBLIC ANNUAL FUND 5,000
    UH-RAINBOW BABIES &
    CHILDRENS HOSPITAL
    11100 EUCLID AVE
    CLEVELAND,OH44106     		N/A PUBLIC OPERATING SUPPORT 375,000
    ST MARTIN DE PORRES
    HIGH SCHOOL
    6111 LAUSCHE AVENUE
    CLEVELAND,OH44103     		N/A PUBLIC PROGRAM SUPPORT 48,000
    SUICIDE PREVENTION OF NE
    OHIO
    29425 CHAGRIN BOULEVARD
    CLEVELAND,OH44122     		N/A PUBLIC PROGRAM SUPPORT 40,000
    FIELDSTONE FARM
    16497 SNYDER ROAD
    CHAGRIN FALLS,OH44023     		N/A PUBLIC RESEARCH PROJECT 10,000
    UNITED WAY OF LAKE COUNTY
    9285 PROGRESS PARKWAY
    MENTOR,OH44060     		N/A PUBLIC OPERATING SUPPORT 10,000
    ELDERHOUSE
    7 LEWIS STREET
    NORWALK,CT06851     		N/A PUBLIC CAPITAL CAMPAIGN 50,000
    HATHAWAY BROWN
    19600 NORTH PARK BLVD
    SHAKER HTS,OH44122     		N/A PUBLIC SCHOLARSHIP 250,000
    RECOVERY RESOURCES
    3950 CHESTER AVENUE
    CLEVELAND,OH44114     		N/A PUBLIC UNCOMPENSATED CARE PROJECT 5,000
    VOCATIONAL GUIDANCE SERVICES
    2239 EAST 55TH STREET
    CLEVELAND,OH44103     		N/A PUBLIC OPERATING SUPPORT 5,000
    Total .................................bullet 3a 924,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 85  
    4 Dividends and interest from securities....     14 565,206  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 205,322 -29,951
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   770,613 -29,951
    13Total. Add line 12, columns (b), (d), and (e)..................
    13740,662
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MNAS-ACCOUNTING/TAX FEE 50,988 38,241   12,747

    TY 2011 CompensationExplanation
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Person Name Explanation
    PAMELA B KEEFE  
    STEPHEN T KEEFE  
    ALICE B BURNHAM  
    SARAH DIMLING  
    PRISCILLA PERROTTI  
    JOSEPH P KOVALCHECK JR  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    50-CONOCOPHILLIPS 2011-07 PURCHASE 2011-12   3,523 3,785     -262  
    200-CONOCOPHILLIPS 2011-07 PURCHASE 2011-12   14,093 15,288     -1,195  
    400-UNITEDHEALTH GROUP INC 2011-06 PURCHASE 2011-12   19,961 20,905     -944  
    50-CONOCOPHILLIPS 2011-06 PURCHASE 2011-12   3,523 3,580     -57  
    125-BORGWARNER INC 2011-02 PURCHASE 2011-12   7,995 9,911     -1,916  
    250-LOWE'S COS INC 2010-12 PURCHASE 2011-12   6,409 6,267     142  
    200-LOWE'S COS INC 2010-12 PURCHASE 2011-12   5,127 5,069     58  
    225-ACCENTURE PLC-CL A 2010-11 PURCHASE 2011-12   11,584 10,258     1,326  
    200-RIVERBED TECHNOLOGY INC 2011-06 PURCHASE 2011-12   4,712 7,734     -3,022  
    100-CELGENE CORP 2011-03 PURCHASE 2011-12   6,324 5,670     654  
    300-COMCAST CORP-CL A 2011-04 PURCHASE 2011-12   7,018 7,645     -627  
    150-CELGENE CORP 2011-02 PURCHASE 2011-12   9,600 7,910     1,690  
    24-COMCAST CORP-CL A 2011-02 PURCHASE 2011-12   561 599     -38  
    75-LAS VEGAS SANDS CORP 2011-09 PURCHASE 2011-12   3,417 3,229     188  
    100-PEPSICO INC 2011-09 PURCHASE 2011-12   6,479 6,023     456  
    100-LAS VEGAS SANDS CORP 2011-08 PURCHASE 2011-12   4,556 4,073     483  
    300-CONOCOPHILLIPS 2011-06 PURCHASE 2011-12   21,903 21,479     424  
    200-RIVERBED TECHNOLOGY INC 2011-05 PURCHASE 2011-12   5,390 7,023     -1,633  
    100-CONOCOPHILLIPS 2011-05 PURCHASE 2011-12   7,301 7,304     -3  
    200-RIVERBED TECHNOLOGY INC 2011-04 PURCHASE 2011-12   5,390 6,969     -1,579  
    100-CONOCOPHILLIPS 2011-04 PURCHASE 2011-12   7,301 8,001     -700  
    100-CONOCOPHILLIPS 2011-04 PURCHASE 2011-12   7,301 8,045     -744  
    100-CONOCOPHILLIPS 2011-04 PURCHASE 2011-12   7,301 7,998     -697  
    50-CONOCOPHILLIPS 2009-12 PURCHASE 2011-12   3,650 2,520     1,130  
    993.125-BERNSTEIN INTERNATIONAL PORT 2007-08 PURCHASE 2011-12   13,000 26,914     -13,914  
    100-WELLPOINT INC 2011-03 PURCHASE 2011-12   6,915 6,784     131  
    70000-FEDERATED MONEY MKT OBLIG TR G 2009-03 PURCHASE 2011-12   70,000 70,000        
    235-GILEAD SCIENCES INC 2011-08 PURCHASE 2011-11   9,058 8,661     397  
    200-GILEAD SCIENCES INC 2011-07 PURCHASE 2011-11   7,709 8,128     -419  
    200-GILEAD SCIENCES INC 2010-10 PURCHASE 2011-11   7,709 7,956     -247  
    200-GILEAD SCIENCES INC 2010-05 PURCHASE 2011-11   7,709 7,102     607  
    115-GILEAD SCIENCES INC 2010-04 PURCHASE 2011-11   4,432 5,235     -803  
    200-GILEAD SCIENCES INC 2010-03 PURCHASE 2011-11   7,709 9,415     -1,706  
    150-JOHNSON CONTROLS INC 2009-09 PURCHASE 2011-11   4,314 4,139     175  
    150-JOHNSON CONTROLS INC 2009-08 PURCHASE 2011-11   4,315 4,046     269  
    2-GOLDMAN SACHS GROUP INC 2010-10 PURCHASE 2011-11   185 293     -108  
    73-GOLDMAN SACHS GROUP INC 2010-09 PURCHASE 2011-11   6,757 11,039     -4,282  
    1-NVR INC 2009-08 PURCHASE 2011-11   643 672     -29  
    15-NVR INC 2009-07 PURCHASE 2011-11   9,640 7,368     2,272  
    200-STARBUCKS CORP 2010-09 PURCHASE 2011-11   8,660 5,099     3,561  
    100-MARATHON PETROLEUM CORP 2010-06 PURCHASE 2011-11   3,440 2,609     831  
    400-MARATHON PETROLEUM CORP 2010-05 PURCHASE 2011-11   13,760 10,173     3,587  
    25-NOBLE ENERGY INC 2010-04 PURCHASE 2011-11   2,395 1,926     469  
    75-NOBLE ENERGY INC 2010-02 PURCHASE 2011-11   7,186 5,756     1,430  
    325-ARUBA NETWORKS INC 2011-09 PURCHASE 2011-11   7,640 7,360     280  
    185-COMCAST CORP-CL A 2010-05 PURCHASE 2011-11   4,130 3,672     458  
    215-COMCAST CORP-CL A 2010-03 PURCHASE 2011-11   4,800 3,868     932  
    200-LAS VEGAS SANDS CORP 2011-08 PURCHASE 2011-11   9,049 8,145     904  
    25-LAS VEGAS SANDS CORP 2011-08 PURCHASE 2011-11   1,131 1,018     113  
    100-JPMORGAN CHASE & CO 2010-06 PURCHASE 2011-11   3,338 3,956     -618  
    500-SMITHFIELD FOODS INC 2010-04 PURCHASE 2011-11   11,588 9,852     1,736  
    130-JPMORGAN CHASE & CO 2009-06 PURCHASE 2011-11   4,340 4,557     -217  
    85-JPMORGAN CHASE & CO 2009-05 PURCHASE 2011-11   2,838 3,151     -313  
    150-ROVI CORP 2011-06 PURCHASE 2011-11   4,257 8,582     -4,325  
    25-PROCTER & GAMBLE CO 2011-04 PURCHASE 2011-11   1,583 1,597     -14  
    100-PROCTER & GAMBLE CO 2011-04 PURCHASE 2011-11   6,333 6,193     140  
    150-ROVI CORP 2011-02 PURCHASE 2011-11   4,257 8,953     -4,696  
    125-ROVI CORP 2011-02 PURCHASE 2011-11   3,548 7,837     -4,289  
    100-CELGENE CORP 2010-08 PURCHASE 2011-11   6,432 5,691     741  
    75-ARUBA NETWORKS INC 2011-09 PURCHASE 2011-11   1,815 1,698     117  
    450-ARUBA NETWORKS INC 2011-07 PURCHASE 2011-11   10,890 10,931     -41  
    100-MONSANTO CO 2011-02 PURCHASE 2011-11   7,315 7,538     -223  
    635-COMCAST CORP-CL A 2010-03 PURCHASE 2011-11   13,888 11,425     2,463  
    75-GOLDMAN SACHS GROUP INC 2010-09 PURCHASE 2011-11   7,998 11,342     -3,344  
    200-METLIFE INC 2011-03 PURCHASE 2011-11   6,666 8,988     -2,322  
    125-PROCTER & GAMBLE CO 2011-04 PURCHASE 2011-10   8,055 7,741     314  
    150-LIMITED BRANDS INC 2011-01 PURCHASE 2011-10   6,480 4,304     2,176  
    150-CONOCOPHILLIPS 2009-12 PURCHASE 2011-10   10,785 7,559     3,226  
    300-CONOCOPHILLIPS 2009-11 PURCHASE 2011-10   21,570 15,844     5,726  
    50-CONOCOPHILLIPS 2009-11 PURCHASE 2011-10   3,595 2,596     999  
    350-WELLS FARGO & COMPANY 2011-09 PURCHASE 2011-10   9,509 8,450     1,059  
    300-AT&T INC 2011-04 PURCHASE 2011-10   8,824 9,164     -340  
    650-WELLS FARGO & COMPANY 2011-03 PURCHASE 2011-10   17,660 20,396     -2,736  
    100-DEVON ENERGY CORPORATION 2011-02 PURCHASE 2011-10   6,584 8,847     -2,263  
    100-DEVON ENERGY CORPORATION 2011-01 PURCHASE 2011-10   6,584 8,391     -1,807  
    100-DEVON ENERGY CORPORATION 2010-12 PURCHASE 2011-10   6,584 7,694     -1,110  
    150-CITRIX SYSTEMS INC 2010-10 PURCHASE 2011-10   11,288 9,132     2,156  
    1000-DELL INC 2010-10 PURCHASE 2011-10   16,321 13,495     2,826  
    100-CELGENE CORP 2010-08 PURCHASE 2011-10   6,519 5,691     828  
    200-DIRECTV-CLASS A 2011-05 PURCHASE 2011-10   9,322 9,944     -622  
    100-DELTA AIR LINES INC 2011-01 PURCHASE 2011-10   846 1,176     -330  
    300-DIRECTV-CLASS A 2011-01 PURCHASE 2011-10   13,983 12,601     1,382  
    600-DELTA AIR LINES INC 2010-11 PURCHASE 2011-10   5,077 8,255     -3,178  
    267-GILEAD SCIENCES INC 2010-04 PURCHASE 2011-10   10,910 12,155     -1,245  
    100-CELGENE CORP 2010-05 PURCHASE 2011-10   6,659 5,964     695  
    75-NORTHROP GRUMMAN CORP 2010-12 PURCHASE 2011-10   4,232 4,397     -165  
    150-NORTHROP GRUMMAN CORP 2010-10 PURCHASE 2011-10   8,463 8,234     229  
    200-RIVERBED TECHNOLOGY INC 2011-04 PURCHASE 2011-10   4,933 6,923     -1,990  
    200-RIVERBED TECHNOLOGY INC 2011-02 PURCHASE 2011-10   4,933 8,379     -3,446  
    150-UNITED TECHNOLOGIES CORP 2011-08 PURCHASE 2011-10   11,053 12,255     -1,202  
    50-NORTHROP GRUMMAN CORP 2010-10 PURCHASE 2011-10   2,716 2,745     -29  
    250-NORTHROP GRUMMAN CORP 2010-09 PURCHASE 2011-10   13,582 13,519     63  
    100-MONSANTO CO 2011-02 PURCHASE 2011-10   7,322 7,538     -216  
    325-BUNGE LTD 2011-09 PURCHASE 2011-10   18,543 18,258     285  
    225-BUNGE LTD 2010-06 PURCHASE 2011-10   12,837 10,990     1,847  
    225-INGERSOLL-RAND PLC 2010-03 PURCHASE 2011-10   6,561 7,979     -1,418  
    250-JUNIPER NETWORKS INC 2011-02 PURCHASE 2011-10   5,109 11,045     -5,936  
    125-JUNIPER NETWORKS INC 2011-01 PURCHASE 2011-10   2,555 4,388     -1,833  
    100-LIMITED BRANDS INC 2011-01 PURCHASE 2011-10   4,250 2,869     1,381  
    300-LIMITED BRANDS INC 2010-11 PURCHASE 2011-10   12,749 9,918     2,831  
    75-GOODRICH CORP 2010-08 PURCHASE 2011-10   9,053 5,269     3,784  
    100-THE WALT DISNEY CO. 2010-05 PURCHASE 2011-10   3,439 3,571     -132  
    400-THE WALT DISNEY CO. 2010-05 PURCHASE 2011-10   13,756 14,104     -348  
    900-NEXEN INC 2010-01 PURCHASE 2011-10   14,757 19,324     -4,567  
    400-NEXEN INC 2009-07 PURCHASE 2011-10   6,559 7,811     -1,252  
    600-NEXEN INC 2009-06 PURCHASE 2011-10   9,838 15,410     -5,572  
    14168.317-OVERLAY A PORTFOLIO CLASS 2011-02 PURCHASE 2011-10   157,410 169,170     -11,760  
    23580.019-OVERLAY B PORTFOLIO CLASS 2011-02 PURCHASE 2011-10   254,900 254,900        
    150-ACCENTURE PLC-CL A 2010-11 PURCHASE 2011-10   8,560 6,838     1,722  
    14335.732-BERNSTEIN INTER. DURATION 2007-08 PURCHASE 2011-10   229,085 214,032     15,053  
    6151.225-BERNSTEIN INTERNATIONAL POR 2007-08 PURCHASE 2011-10   80,335 166,698     -86,363  
    42-ANADARKO PETROLEUM CORP 2011-07 PURCHASE 2011-10   2,817 3,323     -506  
    25-NOBLE ENERGY INC 2010-02 PURCHASE 2011-10   1,877 1,919     -42  
    75-NOBLE ENERGY INC 2010-02 PURCHASE 2011-10   5,630 5,757     -127  
    475-ALCOA INC 2011-05 PURCHASE 2011-10   4,685 7,609     -2,924  
    825-ALCOA INC 2010-12 PURCHASE 2011-10   8,137 11,855     -3,718  
    25-ANADARKO PETROLEUM CORP 2011-06 PURCHASE 2011-10   1,584 1,798     -214  
    150-ANADARKO PETROLEUM CORP 2011-06 PURCHASE 2011-10   9,501 11,320     -1,819  
    75-OCCIDENTAL PETROLEUM CORP 2011-04 PURCHASE 2011-10   5,150 7,562     -2,412  
    275-ALCOA INC 2010-12 PURCHASE 2011-10   2,415 3,952     -1,537  
    425-ALCOA INC 2010-11 PURCHASE 2011-10   3,732 5,931     -2,199  
    50-CITRIX SYSTEMS INC 2010-10 PURCHASE 2011-09   2,822 3,044     -222  
    100-CITRIX SYSTEMS INC 2010-09 PURCHASE 2011-09   5,645 6,871     -1,226  
    200-BUNGE LTD 2010-06 PURCHASE 2011-09   11,734 9,769     1,965  
    25-APPLE INC 2008-03 PURCHASE 2011-09   10,031 3,563     6,468  
    125-STANLEY BLACK & DECKER INC 2011-07 PURCHASE 2011-09   6,756 8,764     -2,008  
    25295.125-BERNSTEIN INTER. DURATION 2007-08 PURCHASE 2011-09   409,275 377,656     31,619  
    4654.195-BERNSTEIN INTER. DURATION I 2007-08 PURCHASE 2011-09   75,305 69,208     6,097  
    25-GOOGLE INC-CL A 2006-03 PURCHASE 2011-09   13,033 8,646     4,387  
    300-ALTRIA GROUP INC 2010-09 PURCHASE 2011-09   8,145 7,216     929  
    100-CELGENE CORP 2010-05 PURCHASE 2011-09   6,423 5,964     459  
    100-CELGENE CORP 2008-03 PURCHASE 2011-09   6,423 5,632     791  
    300-UNITEDHEALTH GROUP INC 2011-06 PURCHASE 2011-09   14,940 15,027     -87  
    175-STANLEY BLACK & DECKER INC 2011-04 PURCHASE 2011-09   9,692 13,222     -3,530  
    150-TRANSOCEAN LTD 2011-05 PURCHASE 2011-09   8,781 10,368     -1,587  
    75-GOLDMAN SACHS GROUP INC 2010-09 PURCHASE 2011-09   7,985 11,342     -3,357  
    950-GENERAL ELECTRIC CO 2010-02 PURCHASE 2011-09   14,564 15,116     -552  
    75-OCCIDENTAL PETROLEUM CORP 2011-04 PURCHASE 2011-09   5,938 7,618     -1,680  
    25-STANLEY BLACK & DECKER INC 2011-04 PURCHASE 2011-09   1,338 1,889     -551  
    125-STANLEY BLACK & DECKER INC 2010-12 PURCHASE 2011-09   6,689 8,404     -1,715  
    150-NORTHROP GRUMMAN CORP 2010-09 PURCHASE 2011-09   7,776 8,112     -336  
    100-NORTHROP GRUMMAN CORP 2009-09 PURCHASE 2011-09   5,184 4,391     793  
    525-NEWS CORP 2010-10 PURCHASE 2011-09   8,639 7,260     1,379  
    875-NEWS CORP 2009-06 PURCHASE 2011-09   14,398 7,952     6,446  
    200-JOHNSON CONTROLS INC 2009-08 PURCHASE 2011-09   6,291 5,395     896  
    500-DOW CHEMICAL 2011-01 PURCHASE 2011-08   13,299 17,605     -4,306  
    205-DOW CHEMICAL 2011-01 PURCHASE 2011-08   5,452 7,302     -1,850  
    100-STANLEY BLACK & DECKER INC 2010-12 PURCHASE 2011-08   5,891 6,723     -832  
    525-NEWS CORP 2009-06 PURCHASE 2011-08   8,254 4,771     3,483  
    300-WELLS FARGO & COMPANY 2011-03 PURCHASE 2011-08   7,225 9,413     -2,188  
    798.526-BERNSTEIN INTER. DURATION IN 2007-08 PURCHASE 2011-08   13,000 11,874     1,126  
    175-ROYAL CARIBBEAN CRUISES LTD 2011-05 PURCHASE 2011-08   4,391 7,004     -2,613  
    150-RAYTHEON COMPANY 2011-05 PURCHASE 2011-08   6,197 7,411     -1,214  
    175-RAYTHEON COMPANY 2011-03 PURCHASE 2011-08   7,230 8,974     -1,744  
    250-ROYAL CARIBBEAN CRUISES LTD 2011-02 PURCHASE 2011-08   6,273 11,304     -5,031  
    200-PROCTER & GAMBLE CO 2011-03 PURCHASE 2011-08   12,268 12,123     145  
    100-RIVERBED TECHNOLOGY INC 2011-02 PURCHASE 2011-08   2,515 4,189     -1,674  
    300-RIVERBED TECHNOLOGY INC 2011-02 PURCHASE 2011-08   7,545 12,114     -4,569  
    575-NEWS CORP 2010-10 PURCHASE 2011-08   9,455 7,952     1,503  
    25-APPLE INC 2008-03 PURCHASE 2011-08   9,449 3,563     5,886  
    75-OCCIDENTAL PETROLEUM CORP 2011-04 PURCHASE 2011-08   6,348 7,618     -1,270  
    500-NABORS INDUSTRIES LTD 2011-03 PURCHASE 2011-08   9,426 14,210     -4,784  
    450-NABORS INDUSTRIES LTD 2011-02 PURCHASE 2011-08   8,483 11,976     -3,493  
    75-OCCIDENTAL PETROLEUM CORP 2011-01 PURCHASE 2011-08   6,348 7,346     -998  
    500-GAP INC/THE 2010-07 PURCHASE 2011-08   8,136 9,353     -1,217  
    700-GAP INC/THE 2010-03 PURCHASE 2011-08   11,390 16,373     -4,983  
    325-HESS CORP 2011-05 PURCHASE 2011-08   17,952 25,295     -7,343  
    125-HESS CORP 2011-04 PURCHASE 2011-08   6,904 10,801     -3,897  
    500-TESORO CORPORATION 2011-02 PURCHASE 2011-08   9,652 12,116     -2,464  
    200-HESS CORP 2010-11 PURCHASE 2011-08   11,047 13,861     -2,814  
    50-HESS CORP 2010-08 PURCHASE 2011-08   2,762 2,662     100  
    150-BUNGE LTD 2010-06 PURCHASE 2011-08   8,877 7,327     1,550  
    75-BUNGE LTD 2009-12 PURCHASE 2011-08   4,438 4,667     -229  
    2400-OFFICE DEPOT INC 2009-12 PURCHASE 2011-08   6,048 16,317     -10,269  
    1200-SPRINT NEXTEL CORP 2011-06 PURCHASE 2011-08   3,844 6,331     -2,487  
    150-RELIANCE STEEL & ALUMINUM 2011-05 PURCHASE 2011-08   5,999 7,790     -1,791  
    225-RELIANCE STEEL & ALUMINUM 2011-01 PURCHASE 2011-08   8,998 11,802     -2,804  
    150-DEVON ENERGY CORPORATION 2010-12 PURCHASE 2011-08   10,520 11,541     -1,021  
    743.494-BERNSTEIN INTER. DURATION IN 2007-08 PURCHASE 2011-08   12,000 11,056     944  
    150-RAYTHEON COMPANY 2011-03 PURCHASE 2011-08   6,308 7,692     -1,384  
    225-RAYTHEON COMPANY 2010-11 PURCHASE 2011-08   9,462 10,636     -1,174  
    500-DELL INC 2010-10 PURCHASE 2011-08   7,580 6,748     832  
    150-NETAPP INC 2011-05 PURCHASE 2011-08   6,861 8,187     -1,326  
    250-HCA HOLDINGS INC 2011-05 PURCHASE 2011-08   5,963 8,616     -2,653  
    250-HCA HOLDINGS INC 2011-03 PURCHASE 2011-08   5,963 8,510     -2,547  
    125-OCCIDENTAL PETROLEUM CORP 2011-01 PURCHASE 2011-08   11,779 12,243     -464  
    250-DIRECTV-CLASS A 2011-01 PURCHASE 2011-08   12,316 10,500     1,816  
    400-LOWE'S COS INC 2010-12 PURCHASE 2011-08   8,155 10,137     -1,982  
    75-GOODRICH CORP 2010-08 PURCHASE 2011-08   6,953 5,269     1,684  
    100-MONSANTO CO 2010-08 PURCHASE 2011-08   7,068 5,524     1,544  
    500-LOWE'S COS INC 2010-05 PURCHASE 2011-08   10,194 13,364     -3,170  
    300-LOWE'S COS INC 2010-05 PURCHASE 2011-08   6,116 8,037     -1,921  
    100-MONSANTO CO 2010-08 PURCHASE 2011-08   7,199 5,524     1,675  
    800-SPRINT NEXTEL CORP 2011-04 PURCHASE 2011-07   3,357 3,783     -426  
    800-SPRINT NEXTEL CORP 2011-04 PURCHASE 2011-07   3,357 3,783     -426  
    500-SPRINT NEXTEL CORP 2011-03 PURCHASE 2011-07   2,098 2,510     -412  
    125-COOPER INDUSTRIES PLC 2010-05 PURCHASE 2011-07   6,535 6,225     310  
    75-COOPER INDUSTRIES PLC 2010-05 PURCHASE 2011-07   3,921 3,735     186  
    125-COOPER INDUSTRIES PLC 2010-04 PURCHASE 2011-07   6,535 6,068     467  
    75-COOPER INDUSTRIES PLC 2010-04 PURCHASE 2011-07   3,921 3,641     280  
    250-NETAPP INC 2011-05 PURCHASE 2011-07   12,031 13,392     -1,361  
    200-AT&T INC 2011-04 PURCHASE 2011-07   5,863 6,109     -246  
    600-AT&T INC 2011-04 PURCHASE 2011-07   17,590 18,396     -806  
    50-DEVON ENERGY CORPORATION 2010-12 PURCHASE 2011-07   4,027 3,847     180  
    200-DEVON ENERGY CORPORATION 2010-08 PURCHASE 2011-07   16,108 12,783     3,325  
    250-SOUTHWESTERN ENERGY 2010-12 PURCHASE 2011-07   12,096 8,912     3,184  
    1000-DELL INC 2010-10 PURCHASE 2011-07   17,147 13,262     3,885  
    500-AT&T INC 2011-03 PURCHASE 2011-07   15,151 13,999     1,152  
    350-EXPRESS SCRIPTS INC 2010-10 PURCHASE 2011-07   19,412 16,845     2,567  
    50-EXPRESS SCRIPTS INC 2010-05 PURCHASE 2011-07   2,773 2,502     271  
    125-GOODRICH CORP 2010-08 PURCHASE 2011-07   11,636 8,781     2,855  
    2100-SPRINT NEXTEL CORP 2011-03 PURCHASE 2011-07   11,027 10,543     484  
    400-AT&T INC 2011-03 PURCHASE 2011-07   12,034 11,199     835  
    10-APPLE INC 2008-03 PURCHASE 2011-07   3,750 1,425     2,325  
    15-APPLE INC 2008-03 PURCHASE 2011-07   5,625 1,840     3,785  
    100-DEVON ENERGY CORPORATION 2010-08 PURCHASE 2011-07   7,995 6,392     1,603  
    500-AT&T INC 2011-03 PURCHASE 2011-07   15,200 13,999     1,201  
    325-ENSCO PLC- SPON ADR 2011-05 PURCHASE 2011-07   16,760 17,578     -818  
    200-ENSCO PLC- SPON ADR 2010-06 PURCHASE 2011-07   10,314 7,105     3,209  
    175-ENSCO PLC- SPON ADR 2010-05 PURCHASE 2011-07   9,025 7,599     1,426  
    200-NEWS CORP 2010-06 PURCHASE 2011-07   3,228 2,587     641  
    400-NEWS CORP 2010-06 PURCHASE 2011-07   6,457 5,174     1,283  
    800-NEWS CORP 2010-06 PURCHASE 2011-07   12,913 10,939     1,974  
    200-NEWS CORP 2009-06 PURCHASE 2011-07   3,228 1,818     1,410  
    300-NEWS CORP 2009-02 PURCHASE 2011-07   4,842 1,846     2,996  
    300-MOTOROLA SOLUTIONS INC 2011-03 PURCHASE 2011-07   13,562 12,288     1,274  
    650-STEEL DYNAMICS INC 2011-01 PURCHASE 2011-07   10,681 12,282     -1,601  
    300-INGERSOLL-RAND PLC 2009-11 PURCHASE 2011-07   13,817 10,374     3,443  
    200-INGERSOLL-RAND PLC 2009-07 PURCHASE 2011-07   9,211 4,656     4,555  
    350-MOTOROLA SOLUTIONS INC 2011-03 PURCHASE 2011-07   16,218 14,045     2,173  
    600-SMITHFIELD FOODS INC 2009-06 PURCHASE 2011-06   13,236 7,680     5,556  
    25-ACCENTURE PLC-CL A 2010-11 PURCHASE 2011-06   1,434 1,140     294  
    125-ACCENTURE PLC-CL A 2010-10 PURCHASE 2011-06   7,169 5,648     1,521  
    300-COOPER INDUSTRIES PLC 2010-04 PURCHASE 2011-06   17,560 14,564     2,996  
    150-PARKER HANNIFIN CORP 2010-12 PURCHASE 2011-06   12,858 13,066     -208  
    325-TIME WARNER CABLE 2009-04 PURCHASE 2011-06   24,170 9,067     15,103  
    150-NEWFIELD EXPLORATION CO 2011-05 PURCHASE 2011-06   9,571 10,944     -1,373  
    900-CONSTELLATION BRANDS INC-A 2009-07 PURCHASE 2011-06   18,953 12,067     6,886  
    83-HUNTINGTON INGALLS INDUST-WI 2010-12 PURCHASE 2011-06   3,026 2,999     27  
    33-HUNTINGTON INGALLS INDUST-WI 2010-10 PURCHASE 2011-06   1,203 1,123     80  
    67-HUNTINGTON INGALLS INDUST-WI 2010-09 PURCHASE 2011-06   2,443 2,213     230  
    90-GOLDMAN SACHS GROUP INC 2010-09 PURCHASE 2011-06   12,058 13,610     -1,552  
    17-HUNTINGTON INGALLS INDUST-WI 2009-09 PURCHASE 2011-06   620 449     171  
    275-DTE ENERGY COMPANY 2011-03 PURCHASE 2011-06   13,627 13,023     604  
    300-EMC CORP/MASS 2010-01 PURCHASE 2011-06   8,052 5,370     2,682  
    375-TIME WARNER INC 2009-04 PURCHASE 2011-06   13,087 7,652     5,435  
    155-DEVON ENERGY CORPORATION 2010-08 PURCHASE 2011-06   12,514 9,907     2,607  
    100-DEVON ENERGY CORPORATION 2009-11 PURCHASE 2011-06   8,074 6,952     1,122  
    45-DEVON ENERGY CORPORATION 2009-11 PURCHASE 2011-06   3,633 3,202     431  
    175-NEWFIELD EXPLORATION CO 2010-10 PURCHASE 2011-06   12,578 10,234     2,344  
    100-DOW CHEMICAL 2010-08 PURCHASE 2011-05   3,569 2,574     995  
    400-DOW CHEMICAL 2010-06 PURCHASE 2011-05   14,278 10,420     3,858  
    200-DOW CHEMICAL 2010-05 PURCHASE 2011-05   7,139 5,714     1,425  
    150-SOUTHWESTERN ENERGY 2010-12 PURCHASE 2011-05   6,491 5,347     1,144  
    125-AON CORP 2011-02 PURCHASE 2011-05   6,484 6,282     202  
    225-CAMERON INTERNATIONAL CORP 2011-01 PURCHASE 2011-05   10,746 11,514     -768  
    200-DELL INC 2010-10 PURCHASE 2011-05   3,161 2,652     509  
    600-DELL INC 2010-10 PURCHASE 2011-05   9,484 7,794     1,690  
    200-DELL INC 2010-09 PURCHASE 2011-05   3,161 2,455     706  
    165-JPMORGAN CHASE & CO 2009-05 PURCHASE 2011-05   7,004 6,116     888  
    800-COMMERCIAL METALS CO 2010-04 PURCHASE 2011-05   11,983 12,910     -927  
    25-CAMERON INTERNATIONAL CORP 2011-01 PURCHASE 2011-05   1,188 1,279     -91  
    150-CAMERON INTERNATIONAL CORP 2009-09 PURCHASE 2011-05   7,127 5,797     1,330  
    450-WELLS FARGO & COMPANY 2011-03 PURCHASE 2011-05   12,861 14,120     -1,259  
    400-ARCHER-DANIELS-MIDLAND CO 2011-02 PURCHASE 2011-05   12,598 14,846     -2,248  
    100-DOW CHEMICAL 2011-01 PURCHASE 2011-05   3,714 3,562     152  
    300-DOW CHEMICAL 2011-01 PURCHASE 2011-05   11,142 10,404     738  
    100-DOW CHEMICAL 2011-01 PURCHASE 2011-05   3,714 3,477     237  
    300-ARCHER-DANIELS-MIDLAND CO 2010-10 PURCHASE 2011-05   9,448 9,952     -504  
    60-GOLDMAN SACHS GROUP INC 2010-08 PURCHASE 2011-05   8,419 8,699     -280  
    150-EDISON INTERNATIONAL 2011-03 PURCHASE 2011-05   5,946 5,629     317  
    400-COMCAST CORP-CL A 2011-02 PURCHASE 2011-05   9,946 9,975     -29  
    200-EDISON INTERNATIONAL 2010-12 PURCHASE 2011-05   7,928 7,547     381  
    60-JPMORGAN CHASE & CO 2010-06 PURCHASE 2011-05   2,590 2,374     216  
    150-COMCAST CORP-CL A 2010-03 PURCHASE 2011-05   3,730 2,699     1,031  
    650-COMCAST CORP-CL A 2010-03 PURCHASE 2011-05   16,162 11,421     4,741  
    400-JPMORGAN CHASE & CO 2009-12 PURCHASE 2011-05   17,269 16,776     493  
    375-JPMORGAN CHASE & CO 2009-05 PURCHASE 2011-05   16,190 13,824     2,366  
    350-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-05   15,111 11,933     3,178  
    135-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-05   5,828 4,352     1,476  
    110-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-05   4,749 3,546     1,203  
    200-LIMITED BRANDS INC 2010-11 PURCHASE 2011-05   8,385 6,612     1,773  
    200-JOHNSON & JOHNSON 2010-06 PURCHASE 2011-05   13,249 11,901     1,348  
    275-GILEAD SCIENCES INC 2010-02 PURCHASE 2011-05   11,342 12,715     -1,373  
    165-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-05   7,117 5,320     1,797  
    400-MORGAN STANLEY 2010-10 PURCHASE 2011-05   9,789 9,947     -158  
    15-GOLDMAN SACHS GROUP INC 2010-08 PURCHASE 2011-05   2,129 2,175     -46  
    100-GOLDMAN SACHS GROUP INC 2010-08 PURCHASE 2011-05   14,193 15,355     -1,162  
    500-MORGAN STANLEY 2009-09 PURCHASE 2011-05   12,237 13,714     -1,477  
    25-ALLERGAN INC 2011-01 PURCHASE 2011-05   2,035 1,767     268  
    75-ALLERGAN INC 2010-11 PURCHASE 2011-05   6,104 5,161     943  
    400-LOWE'S COS INC 2010-05 PURCHASE 2011-05   10,280 10,691     -411  
    150-CAMERON INTERNATIONAL CORP 2009-09 PURCHASE 2011-05   7,216 5,797     1,419  
    50-CAMERON INTERNATIONAL CORP 2008-04 PURCHASE 2011-05   2,405 2,384     21  
    225-JUNIPER NETWORKS INC 2011-01 PURCHASE 2011-05   8,477 7,898     579  
    154-WELLS FARGO & COMPANY 2010-04 PURCHASE 2011-05   4,294 5,016     -722  
    346-WELLS FARGO & COMPANY 2010-04 PURCHASE 2011-05   9,649 11,262     -1,613  
    350-EDISON INTERNATIONAL 2010-12 PURCHASE 2011-05   13,689 13,371     318  
    25-LEAR CORP 2010-11 PURCHASE 2011-05   1,268 1,111     157  
    50-LEAR CORP 2010-11 PURCHASE 2011-05   2,536 2,222     314  
    300-LEAR CORP 2010-06 PURCHASE 2011-05   15,214 10,518     4,696  
    500-TE CONNECTIVITY LTD 2009-11 PURCHASE 2011-05   18,033 12,260     5,773  
    192-TIME WARNER INC 2009-04 PURCHASE 2011-04   7,265 3,918     3,347  
    133-TIME WARNER INC 2009-03 PURCHASE 2011-04   5,033 2,212     2,821  
    600-DELL INC 2010-09 PURCHASE 2011-04   9,509 7,364     2,145  
    900-DELL INC 2010-08 PURCHASE 2011-04   14,263 10,900     3,363  
    125-WELLS FARGO & COMPANY 2010-08 PURCHASE 2011-04   3,659 3,220     439  
    60-WELLS FARGO & COMPANY 2010-04 PURCHASE 2011-04   1,756 1,954     -198  
    474-WELLS FARGO & COMPANY 2010-04 PURCHASE 2011-04   13,876 15,428     -1,552  
    300-WELLS FARGO & COMPANY 2010-01 PURCHASE 2011-04   8,782 8,326     456  
    300-DELL INC 2009-11 PURCHASE 2011-04   4,754 4,408     346  
    150-DIRECTV-CLASS A 2010-04 PURCHASE 2011-04   7,071 5,452     1,619  
    50-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-04   7,586 7,478     108  
    35-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-04   5,310 5,499     -189  
    200-TEVA PHARMACEUTICAL-SP ADR 2011-03 PURCHASE 2011-04   9,195 9,909     -714  
    210-KOHLS CORP 2010-10 PURCHASE 2011-04   10,920 10,999     -79  
    165-KOHLS CORP 2010-09 PURCHASE 2011-04   8,580 8,254     326  
    400-GARMIN LTD 2010-01 PURCHASE 2011-04   13,646 13,412     234  
    500-TEVA PHARMACEUTICAL-SP ADR 2008-07 PURCHASE 2011-04   22,987 22,877     110  
    100-TEVA PHARMACEUTICAL-SP ADR 2008-06 PURCHASE 2011-04   4,597 4,478     119  
    125-AON CORP 2011-02 PURCHASE 2011-04   6,518 6,282     236  
    300-AON CORP 2011-02 PURCHASE 2011-04   15,642 14,995     647  
    400-NEWS CORP 2009-02 PURCHASE 2011-04   6,921 2,461     4,460  
    326-WELLS FARGO & COMPANY 2010-01 PURCHASE 2011-04   9,700 8,967     733  
    50-ROVI CORP 2011-02 PURCHASE 2011-04   2,460 3,135     -675  
    150-ROVI CORP 2011-01 PURCHASE 2011-04   7,381 10,266     -2,885  
    25-ROVI CORP 2010-12 PURCHASE 2011-04   1,230 1,418     -188  
    200-DIRECTV-CLASS A 2010-04 PURCHASE 2011-04   9,171 7,270     1,901  
    350-AON CORP 2011-01 PURCHASE 2011-04   18,237 16,163     2,074  
    50-AON CORP 2011-01 PURCHASE 2011-04   2,605 2,309     296  
    25-APPLE INC 2008-03 PURCHASE 2011-04   8,322 3,067     5,255  
    200-EATON CORP 2010-11 PURCHASE 2011-04   10,506 9,786     720  
    200-LIMITED BRANDS INC 2010-11 PURCHASE 2011-04   7,554 6,612     942  
    50-EATON CORP 2010-11 PURCHASE 2011-04   2,627 2,403     224  
    225-HONEYWELL INTERNATIONAL INC 2011-01 PURCHASE 2011-04   12,936 12,491     445  
    150-CARNIVAL CORP 2011-03 PURCHASE 2011-04   5,603 5,829     -226  
    450-BB&T CORP 2009-09 PURCHASE 2011-04   12,263 12,526     -263  
    250-BB&T CORP 2009-09 PURCHASE 2011-04   6,813 6,657     156  
    175-HONEYWELL INTERNATIONAL INC 2011-01 PURCHASE 2011-04   10,273 9,716     557  
    75-HONEYWELL INTERNATIONAL INC 2010-12 PURCHASE 2011-04   4,403 3,889     514  
    150-MCKESSON CORP 2011-02 PURCHASE 2011-04   11,847 11,983     -136  
    250-CARNIVAL CORP 2010-12 PURCHASE 2011-04   9,709 10,659     -950  
    150-CARNIVAL CORP 2010-10 PURCHASE 2011-04   5,826 6,429     -603  
    150-CARNIVAL CORP 2010-10 PURCHASE 2011-04   5,826 6,429     -603  
    150-CARNIVAL CORP 2010-10 PURCHASE 2011-04   5,826 5,890     -64  
    150-KOHLS CORP 2010-07 PURCHASE 2011-04   8,151 7,204     947  
    225-SUNCOR ENERGY INC 2010-01 PURCHASE 2011-04   10,061 8,495     1,566  
    50-KOHLS CORP 2009-05 PURCHASE 2011-04   2,717 2,099     618  
    240-JPMORGAN CHASE & CO 2009-12 PURCHASE 2011-04   11,121 10,018     1,103  
    300-INTEL CORP 2009-11 PURCHASE 2011-04   5,925 5,812     113  
    350-CISCO SYSTEMS INC 2010-10 PURCHASE 2011-04   5,965 7,682     -1,717  
    475-COMERICA INC 2010-05 PURCHASE 2011-04   17,741 19,810     -2,069  
    375-ALCOA INC 2010-11 PURCHASE 2011-04   6,556 5,233     1,323  
    800-SMITHFIELD FOODS INC 2009-06 PURCHASE 2011-03   19,354 10,240     9,114  
    35-KOHLS CORP 2010-09 PURCHASE 2011-03   1,853 1,751     102  
    140-KOHLS CORP 2010-09 PURCHASE 2011-03   7,413 6,889     524  
    250-BB&T CORP 2009-09 PURCHASE 2011-03   6,933 6,657     276  
    225-KOHLS CORP 2009-05 PURCHASE 2011-03   11,913 9,445     2,468  
    275-CAPITAL ONE FINANCIAL CORP 2010-08 PURCHASE 2011-03   14,154 10,506     3,648  
    150-EMERSON ELECTRIC CO 2011-02 PURCHASE 2011-03   8,625 9,230     -605  
    250-EMERSON ELECTRIC CO 2011-02 PURCHASE 2011-03   14,375 15,238     -863  
    400-EMERSON ELECTRIC CO 2011-02 PURCHASE 2011-03   23,000 23,933     -933  
    150-SCHLUMBERGER LTD 2007-12 PURCHASE 2011-03   13,621 14,630     -1,009  
    85-KOHLS CORP 2010-09 PURCHASE 2011-03   4,473 4,182     291  
    265-KOHLS CORP 2010-08 PURCHASE 2011-03   13,944 12,555     1,389  
    75-OCCIDENTAL PETROLEUM CORP 2010-07 PURCHASE 2011-03   7,485 6,087     1,398  
    100-DELTA AIR LINES INC 2010-11 PURCHASE 2011-03   994 1,376     -382  
    100-DELTA AIR LINES INC 2010-11 PURCHASE 2011-03   994 1,376     -382  
    600-DELTA AIR LINES INC 2010-11 PURCHASE 2011-03   5,966 8,652     -2,686  
    25-ENSCO PLC- SPON ADR 2010-05 PURCHASE 2011-03   1,421 1,086     335  
    50-ALCON INC 2010-05 PURCHASE 2011-03   8,215 7,537     678  
    250-ENSCO PLC- SPON ADR 2010-04 PURCHASE 2011-03   14,212 12,075     2,137  
    400-DELTA AIR LINES INC 2010-03 PURCHASE 2011-03   3,977 5,775     -1,798  
    200-NEWFIELD EXPLORATION CO 2010-02 PURCHASE 2011-03   14,731 10,108     4,623  
    50-ENSCO PLC- SPON ADR 2010-02 PURCHASE 2011-03   2,842 2,014     828  
    45-ALCON INC 2010-02 PURCHASE 2011-03   7,393 7,037     356  
    14-CME GROUP INC 2010-11 PURCHASE 2011-03   4,004 4,066     -62  
    21-CME GROUP INC 2010-11 PURCHASE 2011-03   6,006 6,098     -92  
    25-CME GROUP INC 2010-08 PURCHASE 2011-03   7,150 6,368     782  
    75-COSTCO WHOLESALE CORP 2009-03 PURCHASE 2011-03   5,285 3,432     1,853  
    50-CISCO SYSTEMS INC 2010-10 PURCHASE 2011-03   850 1,097     -247  
    400-CISCO SYSTEMS INC 2010-10 PURCHASE 2011-03   6,800 8,667     -1,867  
    400-CISCO SYSTEMS INC 2010-07 PURCHASE 2011-03   6,800 9,135     -2,335  
    350-CISCO SYSTEMS INC 2010-04 PURCHASE 2011-03   5,950 9,542     -3,592  
    200-INTEL CORP 2009-11 PURCHASE 2011-03   3,981 3,875     106  
    125-INTEL CORP 2009-09 PURCHASE 2011-03   2,488 2,472     16  
    600-VODAFONE GROUP PLC-SP ADR 2010-10 PURCHASE 2011-03   16,169 15,230     939  
    100-NEWFIELD EXPLORATION CO 2010-02 PURCHASE 2011-03   6,891 5,054     1,837  
    75-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-03   11,640 11,785     -145  
    350-VODAFONE GROUP PLC-SP ADR 2009-05 PURCHASE 2011-03   9,432 6,746     2,686  
    100-COSTCO WHOLESALE CORP 2009-03 PURCHASE 2011-03   6,996 4,576     2,420  
    150-GOODRICH CORP 2010-04 PURCHASE 2011-03   12,401 10,646     1,755  
    375-INTEL CORP 2009-09 PURCHASE 2011-03   7,820 7,417     403  
    100-INTEL CORP 2009-07 PURCHASE 2011-03   2,085 1,866     219  
    25-KOHLS CORP 2009-05 PURCHASE 2011-03   1,372 1,049     323  
    150-KOHLS CORP 2009-05 PURCHASE 2011-03   8,234 6,596     1,638  
    100-OCCIDENTAL PETROLEUM CORP 2010-07 PURCHASE 2011-03   10,153 8,116     2,037  
    150-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-03   6,995 4,836     2,159  
    75-CAPITAL ONE FINANCIAL CORP 2010-08 PURCHASE 2011-03   3,692 2,865     827  
    150-CAPITAL ONE FINANCIAL CORP 2010-05 PURCHASE 2011-03   7,385 6,759     626  
    150-ENSCO PLC- SPON ADR 2010-02 PURCHASE 2011-03   8,472 6,042     2,430  
    150-ENSCO PLC- SPON ADR 2009-12 PURCHASE 2011-03   8,472 6,167     2,305  
    700-FORD MOTOR CO 2010-05 PURCHASE 2011-03   10,120 8,540     1,580  
    700-FORD MOTOR CO 2010-04 PURCHASE 2011-03   10,120 9,195     925  
    900-FORD MOTOR CO 2010-04 PURCHASE 2011-03   13,011 12,467     544  
    45-ALCON INC 2010-02 PURCHASE 2011-03   7,469 7,037     432  
    300-FORD MOTOR CO 2010-02 PURCHASE 2011-03   4,337 3,460     877  
    50-PARKER HANNIFIN CORP 2010-12 PURCHASE 2011-03   4,454 4,355     99  
    100-PARKER HANNIFIN CORP 2010-09 PURCHASE 2011-03   8,908 6,184     2,724  
    800-DELTA AIR LINES INC 2010-03 PURCHASE 2011-03   8,264 11,551     -3,287  
    400-VODAFONE GROUP PLC-SP ADR 2009-05 PURCHASE 2011-03   11,815 7,709     4,106  
    850-VODAFONE GROUP PLC-SP ADR 2009-05 PURCHASE 2011-03   25,108 16,003     9,105  
    20-CME GROUP INC 2008-10 PURCHASE 2011-03   6,184 7,417     -1,233  
    100-SCHLUMBERGER LTD 2007-10 PURCHASE 2011-03   9,249 9,724     -475  
    50-PARKER HANNIFIN CORP 2010-09 PURCHASE 2011-03   4,444 3,092     1,352  
    225-PARKER HANNIFIN CORP 2010-08 PURCHASE 2011-03   19,997 14,346     5,651  
    40-CME GROUP INC 2008-10 PURCHASE 2011-02   12,468 14,835     -2,367  
    125-EATON CORP 2010-11 PURCHASE 2011-02   13,099 12,017     1,082  
    125-EATON CORP 2010-11 PURCHASE 2011-02   13,099 12,017     1,082  
    200-VERTEX PHARMACEUTICALS INC 2010-10 PURCHASE 2011-02   8,783 6,984     1,799  
    200-VERTEX PHARMACEUTICALS INC 2010-05 PURCHASE 2011-02   8,783 7,438     1,345  
    125-SUNCOR ENERGY INC 2009-10 PURCHASE 2011-02   5,875 4,874     1,001  
    100-MCKESSON CORP 2011-02 PURCHASE 2011-02   8,064 7,989     75  
    250-NABORS INDUSTRIES LTD 2011-02 PURCHASE 2011-02   7,040 6,653     387  
    300-TESORO CORPORATION 2011-02 PURCHASE 2011-02   7,245 7,270     -25  
    100-BORGWARNER INC 2011-02 PURCHASE 2011-02   8,023 7,929     94  
    200-RIVERBED TECHNOLOGY INC 2011-02 PURCHASE 2011-02   8,282 8,076     206  
    150-QUALCOMM INC 2011-01 PURCHASE 2011-02   8,882 8,148     734  
    40-NETFLIX INC 2011-01 PURCHASE 2011-02   9,426 7,344     2,082  
    300-JUNIPER NETWORKS INC 2011-01 PURCHASE 2011-02   13,200 10,531     2,669  
    125-ROCKWELL AUTOMATION INC 2011-01 PURCHASE 2011-02   11,173 9,344     1,829  
    1100-KROGER CO 2011-01 PURCHASE 2011-02   25,410 23,602     1,808  
    125-RELIANCE STEEL & ALUMINUM 2011-01 PURCHASE 2011-02   7,298 6,556     742  
    350-STEEL DYNAMICS INC 2011-01 PURCHASE 2011-02   7,074 6,613     461  
    700-DOW CHEMICAL 2011-01 PURCHASE 2011-02   26,978 24,337     2,641  
    100-STANLEY BLACK & DECKER INC 2010-12 PURCHASE 2011-02   7,609 6,723     886  
    15-POTASH CORP OF SASKATCHEWAN 2010-12 PURCHASE 2011-02   2,700 2,093     607  
    250-INTUIT INC 2010-12 PURCHASE 2011-02   13,528 12,188     1,340  
    55-POTASH CORP OF SASKATCHEWAN 2010-12 PURCHASE 2011-02   9,900 7,669     2,231  
    300-ROVI CORP 2010-12 PURCHASE 2011-02   17,355 17,012     343  
    300-VIACOM INC-CLASS B 2010-12 PURCHASE 2011-02   13,650 11,826     1,824  
    125-HONEYWELL INTERNATIONAL INC 2010-12 PURCHASE 2011-02   7,249 6,482     767  
    400-LOWE'S COS INC 2010-12 PURCHASE 2011-02   10,520 10,137     383  
    200-SOUTHWESTERN ENERGY 2010-12 PURCHASE 2011-02   7,290 7,130     160  
    200-EDISON INTERNATIONAL 2010-12 PURCHASE 2011-02   7,336 7,641     -305  
    100-LIMITED BRANDS INC 2010-11 PURCHASE 2011-02   3,350 3,306     44  
    125-EATON CORP 2010-11 PURCHASE 2011-02   13,865 12,017     1,848  
    75-RAYTHEON COMPANY 2010-11 PURCHASE 2011-02   3,912 3,545     367  
    300-ALLERGAN INC 2010-11 PURCHASE 2011-02   22,506 20,646     1,860  
    200-GENERAL MOTORS CO 2010-11 PURCHASE 2011-02   7,302 6,800     502  
    50-FLOWSERVE CORPORATION 2010-11 PURCHASE 2011-02   6,517 5,321     1,196  
    600-ALCOA INC 2010-11 PURCHASE 2011-02   10,368 8,373     1,995  
    500-LIMITED BRANDS INC 2010-11 PURCHASE 2011-02   16,750 14,824     1,926  
    600-MARVELL TECHNOLOGY GROUP LT 2010-10 PURCHASE 2011-02   11,340 11,450     -110  
    150-FLOWSERVE CORPORATION 2010-10 PURCHASE 2011-02   19,550 17,418     2,132  
    100-DEERE & CO 2010-10 PURCHASE 2011-02   9,500 7,700     1,800  
    100-ARCHER-DANIELS-MIDLAND CO 2010-10 PURCHASE 2011-02   3,765 3,317     448  
    300-CARNIVAL CORP 2010-10 PURCHASE 2011-02   13,710 11,780     1,930  
    200-ARCHER-DANIELS-MIDLAND CO 2010-10 PURCHASE 2011-02   7,530 6,663     867  
    300-ACCENTURE PLC-CL A 2010-10 PURCHASE 2011-02   16,083 13,555     2,528  
    550-ALTRIA GROUP INC 2010-09 PURCHASE 2011-02   13,635 13,230     405  
    150-STARBUCKS CORP 2010-09 PURCHASE 2011-02   5,102 3,825     1,277  
    200-ORACLE CORP 2010-09 PURCHASE 2011-02   6,738 5,407     1,331  
    350-ORACLE CORP 2010-09 PURCHASE 2011-02   11,792 9,398     2,394  
    150-CITRIX SYSTEMS INC 2010-09 PURCHASE 2011-02   10,895 10,306     589  
    650-ORACLE CORP 2010-09 PURCHASE 2011-02   21,899 17,779     4,120  
    350-CENTURYLINK INC 2010-09 PURCHASE 2011-02   14,431 13,725     706  
    175-HONEYWELL INTERNATIONAL INC 2010-09 PURCHASE 2011-02   10,148 7,395     2,753  
    650-STARBUCKS CORP 2010-09 PURCHASE 2011-02   22,107 16,229     5,878  
    600-GANNETT CO 2010-09 PURCHASE 2011-02   10,188 7,969     2,219  
    110-KOHLS CORP 2010-08 PURCHASE 2011-02   5,876 5,211     665  
    25-MONSANTO CO 2010-08 PURCHASE 2011-02   1,810 1,381     429  
    250-HESS CORP 2010-08 PURCHASE 2011-02   21,250 13,311     7,939  
    75-EOG RESOURCES INC 2010-08 PURCHASE 2011-02   8,167 7,078     1,089  
    400-UNITED PARCEL SERVICE-CL B 2010-08 PURCHASE 2011-02   30,588 25,834     4,754  
    275-PARKER HANNIFIN CORP 2010-08 PURCHASE 2011-02   25,267 17,211     8,056  
    325-MONSANTO CO 2010-08 PURCHASE 2011-02   23,527 19,636     3,891  
    125-TRAVELERS COS INC/THE 2010-08 PURCHASE 2011-02   7,615 6,313     1,302  
    550-KIMBERLY-CLARK CORP 2010-08 PURCHASE 2011-02   36,113 35,716     397  
    50-GOLDMAN SACHS GROUP INC 2010-07 PURCHASE 2011-02   8,402 7,637     765  
    225-HESS CORP 2010-07 PURCHASE 2011-02   19,125 11,870     7,255  
    125-GOLDMAN SACHS GROUP INC 2010-07 PURCHASE 2011-02   21,005 18,471     2,534  
    700-FIFTH THIRD BANCORP 2010-07 PURCHASE 2011-02   10,514 8,638     1,876  
    125-GOLDMAN SACHS GROUP INC 2010-07 PURCHASE 2011-02   21,005 18,760     2,245  
    25-AMAZON.COM INC 2010-07 PURCHASE 2011-02   4,663 3,070     1,593  
    25-OCCIDENTAL PETROLEUM CORP 2010-07 PURCHASE 2011-02   2,684 2,029     655  
    1800-FIFTH THIRD BANCORP 2010-06 PURCHASE 2011-02   27,036 23,949     3,087  
    125-HONEYWELL INTERNATIONAL INC 2010-06 PURCHASE 2011-02   7,249 5,169     2,080  
    700-JOHNSON & JOHNSON 2010-06 PURCHASE 2011-02   42,777 41,655     1,122  
    1100-NEWS CORP 2010-06 PURCHASE 2011-02   19,481 15,041     4,440  
    100-OCCIDENTAL PETROLEUM CORP 2010-06 PURCHASE 2011-02   10,737 8,253     2,484  
    370-HEWLETT-PACKARD CO 2010-05 PURCHASE 2011-02   18,008 17,113     895  
    400-ASTRAZENECA PLC-SPONS ADR 2010-05 PURCHASE 2011-02   19,752 16,815     2,937  
    300-MARATHON OIL CORP 2010-05 PURCHASE 2011-02   14,853 9,709     5,144  
    150-VERTEX PHARMACEUTICALS INC 2010-05 PURCHASE 2011-02   5,874 5,579     295  
    500-DOW CHEMICAL 2010-05 PURCHASE 2011-02   19,270 14,284     4,986  
    25-THE WALT DISNEY CO. 2010-05 PURCHASE 2011-02   1,089 882     207  
    175-COMERICA INC 2010-05 PURCHASE 2011-02   6,939 7,298     -359  
    250-CAPITAL ONE FINANCIAL CORP 2010-05 PURCHASE 2011-02   13,173 11,266     1,907  
    150-EOG RESOURCES INC 2010-05 PURCHASE 2011-02   16,334 16,413     -79  
    300-EXPRESS SCRIPTS INC 2010-05 PURCHASE 2011-02   17,031 15,010     2,021  
    400-DIRECTV-CLASS A 2010-04 PURCHASE 2011-02   17,720 14,539     3,181  
    600-FORD MOTOR CO 2010-04 PURCHASE 2011-02   9,462 8,673     789  
    400-COMMERCIAL METALS CO 2010-04 PURCHASE 2011-02   6,992 6,455     537  
    50-COOPER INDUSTRIES PLC 2010-04 PURCHASE 2011-02   3,287 2,427     860  
    200-WELLS FARGO & COMPANY 2010-04 PURCHASE 2011-02   6,528 6,514     14  
    400-LOWE'S COS INC 2010-04 PURCHASE 2011-02   10,520 10,524     -4  
    300-LOWE'S COS INC 2010-04 PURCHASE 2011-02   7,890 7,893     -3  
    200-GILEAD SCIENCES INC 2010-04 PURCHASE 2011-02   7,860 9,279     -1,419  
    25-GOODRICH CORP 2010-04 PURCHASE 2011-02   2,283 1,774     509  
    150-GOODRICH CORP 2010-04 PURCHASE 2011-02   13,697 10,540     3,157  
    200-DELTA AIR LINES INC 2010-03 PURCHASE 2011-02   2,300 2,888     -588  
    1400-DELTA AIR LINES INC 2010-03 PURCHASE 2011-02   16,100 17,668     -1,568  
    400-GAP INC/THE 2010-03 PURCHASE 2011-02   9,220 8,908     312  
    450-COMCAST CORP-CL A 2010-03 PURCHASE 2011-02   11,552 7,907     3,645  
    1000-COMCAST CORP-CL A 2010-03 PURCHASE 2011-02   25,670 17,377     8,293  
    200-GAP INC/THE 2010-03 PURCHASE 2011-02   4,610 4,295     315  
    175-NEWFIELD EXPLORATION CO 2010-02 PURCHASE 2011-02   11,993 8,844     3,149  
    75-RAYTHEON COMPANY 2010-02 PURCHASE 2011-02   3,912 4,233     -321  
    650-GENERAL ELECTRIC CO 2010-02 PURCHASE 2011-02   13,936 10,343     3,593  
    110-ALCON INC 2010-02 PURCHASE 2011-02   18,194 17,203     991  
    200-GILEAD SCIENCES INC 2010-02 PURCHASE 2011-02   7,860 9,247     -1,387  
    600-DOW CHEMICAL 2010-02 PURCHASE 2011-02   23,124 15,808     7,316  
    450-FORD MOTOR CO 2010-02 PURCHASE 2011-02   7,097 5,190     1,907  
    25-FORD MOTOR CO 2010-02 PURCHASE 2011-02   394 288     106  
    75-NOBLE ENERGY INC 2010-02 PURCHASE 2011-02   6,665 5,757     908  
    150-NOBLE ENERGY INC 2010-02 PURCHASE 2011-02   13,331 11,312     2,019  
    125-NOBLE ENERGY INC 2010-01 PURCHASE 2011-02   11,109 9,335     1,774  
    10-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-02   1,680 1,571     109  
    55-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-02   9,242 8,642     600  
    374-WELLS FARGO & COMPANY 2010-01 PURCHASE 2011-02   12,207 10,288     1,919  
    25-GOLDMAN SACHS GROUP INC 2010-01 PURCHASE 2011-02   4,201 3,918     283  
    40-ALCON INC 2010-01 PURCHASE 2011-02   6,616 6,187     429  
    400-ROYAL CARIBBEAN CRUISES LTD 2010-01 PURCHASE 2011-02   18,864 10,731     8,133  
    400-WELLS FARGO & COMPANY 2010-01 PURCHASE 2011-02   13,056 11,225     1,831  
    450-GARMIN LTD 2010-01 PURCHASE 2011-02   14,859 14,269     590  
    600-GENERAL ELECTRIC CO 2010-01 PURCHASE 2011-02   12,864 9,328     3,536  
    75-ENSCO PLC- SPON ADR 2009-12 PURCHASE 2011-02   3,997 3,083     914  
    350-BUNGE LTD 2009-12 PURCHASE 2011-02   25,984 21,779     4,205  
    600-WELLS FARGO & COMPANY 2009-12 PURCHASE 2011-02   19,584 15,593     3,991  
    900-WELLS FARGO & COMPANY 2009-12 PURCHASE 2011-02   29,376 22,500     6,876  
    710-JPMORGAN CHASE & CO 2009-12 PURCHASE 2011-02   34,080 29,637     4,443  
    200-OFFICE DEPOT INC 2009-12 PURCHASE 2011-02   1,094 1,360     -266  
    300-WELLS FARGO & COMPANY 2009-12 PURCHASE 2011-02   9,792 8,223     1,569  
    226-WELLS FARGO & COMPANY 2009-11 PURCHASE 2011-02   7,377 6,259     1,118  
    800-DELL INC 2009-11 PURCHASE 2011-02   12,344 11,755     589  
    100-DEVON ENERGY CORPORATION 2009-11 PURCHASE 2011-02   8,820 7,114     1,706  
    675-FORD MOTOR CO 2009-11 PURCHASE 2011-02   10,645 5,643     5,002  
    650-BROADCOM CORP-CL A 2009-11 PURCHASE 2011-02   27,391 18,242     9,149  
    125-VERTEX PHARMACEUTICALS INC 2009-11 PURCHASE 2011-02   4,895 5,050     -155  
    375-GARMIN LTD 2009-11 PURCHASE 2011-02   12,383 10,579     1,804  
    700-GENERAL ELECTRIC CO 2009-11 PURCHASE 2011-02   15,008 10,728     4,280  
    250-CONOCOPHILLIPS 2009-11 PURCHASE 2011-02   19,155 12,979     6,176  
    350-SUNCOR ENERGY INC 2009-10 PURCHASE 2011-02   15,715 13,646     2,069  
    250-COOPER INDUSTRIES PLC 2009-10 PURCHASE 2011-02   16,433 9,467     6,966  
    150-COOPER INDUSTRIES PLC 2009-10 PURCHASE 2011-02   9,860 5,596     4,264  
    400-CISCO SYSTEMS INC 2009-09 PURCHASE 2011-02   7,540 9,496     -1,956  
    500-CORNING INC 2009-09 PURCHASE 2011-02   11,615 7,638     3,977  
    3000-OFFICE DEPOT INC 2009-09 PURCHASE 2011-02   16,410 18,477     -2,067  
    400-CISCO SYSTEMS INC 2009-09 PURCHASE 2011-02   7,540 9,356     -1,816  
    350-BB&T CORP 2009-09 PURCHASE 2011-02   9,944 9,319     625  
    50-NORTHROP GRUMMAN CORP 2009-09 PURCHASE 2011-02   3,456 2,420     1,036  
    100-OCCIDENTAL PETROLEUM CORP 2009-08 PURCHASE 2011-02   10,737 7,259     3,478  
    250-TYCO ELECTRONICS LTD 2009-08 PURCHASE 2011-02   9,430 5,876     3,554  
    1000-DELL INC 2009-08 PURCHASE 2011-02   15,430 13,859     1,571  
    250-NORTHROP GRUMMAN CORP 2009-08 PURCHASE 2011-02   17,278 11,657     5,621  
    400-JOHNSON CONTROLS INC 2009-08 PURCHASE 2011-02   16,960 10,789     6,171  
    1100-EMC CORP/MASS 2009-07 PURCHASE 2011-02   29,898 16,664     13,234  
    600-INGERSOLL-RAND PLC 2009-07 PURCHASE 2011-02   28,260 13,642     14,618  
    300-INTEL CORP 2009-07 PURCHASE 2011-02   6,642 5,597     1,045  
    300-DEVON ENERGY CORPORATION 2009-07 PURCHASE 2011-02   26,460 15,758     10,702  
    15-NVR INC 2009-07 PURCHASE 2011-02   11,317 7,368     3,949  
    200-NORTHROP GRUMMAN CORP 2009-06 PURCHASE 2011-02   13,822 9,253     4,569  
    125-DANAHER CORP 2009-06 PURCHASE 2011-02   6,474 3,761     2,713  
    400-JPMORGAN CHASE & CO 2009-06 PURCHASE 2011-02   19,200 13,995     5,205  
    350-DANAHER CORP 2009-06 PURCHASE 2011-02   18,127 11,075     7,052  
    150-INGERSOLL-RAND PLC 2009-06 PURCHASE 2011-02   7,065 2,859     4,206  
    450-JPMORGAN CHASE & CO 2009-05 PURCHASE 2011-02   21,600 16,330     5,270  
    125-ENSCO PLC- SPON ADR 2009-05 PURCHASE 2011-02   6,661 4,149     2,512  
    100-AMAZON.COM INC 2009-05 PURCHASE 2011-02   18,650 7,500     11,150  
    175-DANAHER CORP 2009-05 PURCHASE 2011-02   9,063 5,123     3,940  
    50-KOHLS CORP 2009-05 PURCHASE 2011-02   2,671 2,199     472  
    91-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-02   4,368 2,934     1,434  
    439-TIME WARNER CABLE 2009-04 PURCHASE 2011-02   31,560 12,248     19,312  
    895-JPMORGAN CHASE & CO 2009-04 PURCHASE 2011-02   42,960 24,990     17,970  
    125-COSTCO WHOLESALE CORP 2009-03 PURCHASE 2011-02   9,429 5,720     3,709  
    250-GILEAD SCIENCES INC 2009-03 PURCHASE 2011-02   9,825 11,533     -1,708  
    775-THE WALT DISNEY CO. 2009-03 PURCHASE 2011-02   33,759 14,006     19,753  
    91-TIME WARNER CABLE 2009-03 PURCHASE 2011-02   6,542 2,311     4,231  
    233-TIME WARNER INC 2009-03 PURCHASE 2011-02   8,896 3,876     5,020  
    1700-NEWS CORP 2009-02 PURCHASE 2011-02   30,107 10,461     19,646  
    350-KOHLS CORP 2009-01 PURCHASE 2011-02   18,697 13,615     5,082  
    75-TIME WARNER CABLE 2009-01 PURCHASE 2011-02   5,392 2,215     3,177  
    242-TIME WARNER INC 2009-01 PURCHASE 2011-02   9,240 4,707     4,533  
    20-TIME WARNER CABLE 2009-01 PURCHASE 2011-02   1,438 648     790  
    75-COSTCO WHOLESALE CORP 2008-12 PURCHASE 2011-02   5,657 4,008     1,649  
    5-CME GROUP INC 2008-10 PURCHASE 2011-02   1,514 1,854     -340  
    614-JPMORGAN CHASE & CO 2008-09 PURCHASE 2011-02   29,472 24,867     4,605  
    140-JPMORGAN CHASE & CO 2008-09 PURCHASE 2011-02   6,720 5,670     1,050  
    700-MORGAN STANLEY 2008-07 PURCHASE 2011-02   21,693 26,535     -4,842  
    200-TOTAL SA-SPON ADR 2008-07 PURCHASE 2011-02   11,948 15,986     -4,038  
    300-TEVA PHARMACEUTICAL-SP ADR 2008-06 PURCHASE 2011-02   15,567 13,434     2,133  
    30-CME GROUP INC 2008-05 PURCHASE 2011-02   9,085 14,463     -5,378  
    35-HEWLETT-PACKARD CO 2008-04 PURCHASE 2011-02   1,703 1,652     51  
    250-CAMERON INTERNATIONAL CORP 2008-04 PURCHASE 2011-02   14,795 11,918     2,877  
    80-HEWLETT-PACKARD CO 2008-04 PURCHASE 2011-02   3,894 3,722     172  
    75-TEVA PHARMACEUTICAL-SP ADR 2008-03 PURCHASE 2011-02   3,892 3,376     516  
    160-APPLE INC 2008-03 PURCHASE 2011-02   56,090 19,628     36,462  
    150-CELGENE CORP 2008-03 PURCHASE 2011-02   8,027 8,448     -421  
    130-APPLE INC 2008-02 PURCHASE 2011-02   45,573 16,105     29,468  
    200-SCHLUMBERGER LTD 2007-10 PURCHASE 2011-02   19,008 19,448     -440  
    200-TRAVELERS COS INC/THE 2007-10 PURCHASE 2011-02   12,184 10,416     1,768  
    200-TRAVELERS COS INC/THE 2007-10 PURCHASE 2011-02   12,184 10,668     1,516  
    103416.079-BERNSTEIN INTER. DURATION 2007-08 PURCHASE 2011-02   1,614,325 1,537,797     76,528  
    21745.902-ALLIANCEBERNSTEIN GLOBAL R 2007-08 PURCHASE 2011-02   198,975 352,936     -153,961  
    7123.497-BERNSTEIN EMERGING MARKETS 2007-08 PURCHASE 2011-02   230,750 315,736     -84,986  
    57591.768-BERNSTEIN INTERNATIONAL PO 2007-08 PURCHASE 2011-02   944,505 1,560,737     -616,232  
    2400-PFIZER INC 2007-08 PURCHASE 2011-02   46,056 58,994     -12,938  
    150-TRAVELERS COS INC/THE 2007-08 PURCHASE 2011-02   9,138 7,793     1,345  
    575-SCHLUMBERGER LTD 2007-04 PURCHASE 2011-02   54,648 43,451     11,197  
    90-KOHLS CORP 2006-10 PURCHASE 2011-02   4,808 5,966     -1,158  
    300-GILEAD SCIENCES INC 2006-03 PURCHASE 2011-02   11,790 19,077     -7,287  
    100-GOOGLE INC-CL A 2006-03 PURCHASE 2011-02   63,008 34,583     28,425  
    5-NETFLIX INC 2011-01 PURCHASE 2011-02   1,178 918     260  
    40-NETFLIX INC 2011-01 PURCHASE 2011-02   9,425 7,370     2,055  
    475-MICROSOFT CORP 2010-09 PURCHASE 2011-02   12,901 11,348     1,553  
    475-CLIFFS NATURAL RESOURCES INC 2010-08 PURCHASE 2011-02   47,428 27,505     19,923  
    525-MICROSOFT CORP 2010-07 PURCHASE 2011-02   14,259 13,151     1,108  
    1200-SARA LEE CORP 2010-06 PURCHASE 2011-02   20,565 17,865     2,700  
    1000-SARA LEE CORP 2010-05 PURCHASE 2011-02   17,137 14,609     2,528  
    400-SARA LEE CORP 2010-05 PURCHASE 2011-02   6,855 5,387     1,468  
    200-GILEAD SCIENCES INC 2008-10 PURCHASE 2011-02   7,864 8,324     -460  
    25-GILEAD SCIENCES INC 2008-07 PURCHASE 2011-02   983 1,333     -350  
    85-NETFLIX INC 2011-01 PURCHASE 2011-02   20,351 15,661     4,690  
    175-DEERE & CO 2010-10 PURCHASE 2011-02   16,732 13,476     3,256  
    100-DEERE & CO 2010-09 PURCHASE 2011-02   9,561 7,024     2,537  
    300-HONEYWELL INTERNATIONAL INC 2010-06 PURCHASE 2011-02   17,148 12,405     4,743  
    500-CISCO SYSTEMS INC 2008-10 PURCHASE 2011-02   9,313 9,278     35  
    350-CISCO SYSTEMS INC 2007-10 PURCHASE 2011-02   6,519 11,310     -4,791  
    100-DEERE & CO 2010-09 PURCHASE 2011-02   9,345 7,204     2,141  
    75-DEERE & CO 2010-09 PURCHASE 2011-02   7,009 5,498     1,511  
    1374-WELLS FARGO & COMPANY 2009-11 PURCHASE 2011-02   46,770 38,054     8,716  
    400-NVIDIA CORP 2010-10 PURCHASE 2011-02   9,291 4,777     4,514  
    150-PEPSICO INC 2010-04 PURCHASE 2011-02   9,492 9,992     -500  
    600-CISCO SYSTEMS INC 2007-10 PURCHASE 2011-02   11,293 19,389     -8,096  
    625-FORD MOTOR CO 2010-02 PURCHASE 2011-02   10,053 7,208     2,845  
    325-GILEAD SCIENCES INC 2008-07 PURCHASE 2011-02   12,397 17,332     -4,935  
    150-GILEAD SCIENCES INC 2006-03 PURCHASE 2011-02   5,722 9,539     -3,817  
    550-NVIDIA CORP 2010-10 PURCHASE 2011-02   12,624 6,568     6,056  
    2300-SAFEWAY INC 2010-04 PURCHASE 2011-02   49,794 58,821     -9,027  
    60-ALCON INC 2010-01 PURCHASE 2011-02   9,849 9,281     568  
    25-ALCON INC 2009-12 PURCHASE 2011-02   4,104 4,042     62  
    500-CISCO SYSTEMS INC 2007-10 PURCHASE 2011-02   9,557 16,158     -6,601  
    400-CISCO SYSTEMS INC 2007-02 PURCHASE 2011-02   7,645 10,904     -3,259  
    800-CONSTELLATION ENERGY GROUP 2010-05 PURCHASE 2011-02   25,844 27,852     -2,008  
    40-APPLE INC 2008-02 PURCHASE 2011-02   14,304 4,955     9,349  
    325-KOHLS CORP 2009-01 PURCHASE 2011-02   16,829 12,642     4,187  
    150-DEERE & CO 2010-09 PURCHASE 2011-02   14,149 10,996     3,153  
    700-PFIZER INC 2007-08 PURCHASE 2011-02   13,390 17,207     -3,817  
    50-SOUTHWESTERN ENERGY 2010-12 PURCHASE 2011-02   1,950 1,782     168  
    150-SOUTHWESTERN ENERGY 2010-10 PURCHASE 2011-02   5,851 5,162     689  
    50-TYCO ELECTRONICS LTD 2009-08 PURCHASE 2011-02   1,854 1,175     679  
    425-AGRIUM INC 2010-08 PURCHASE 2011-02   38,469 26,942     11,527  
    700-MICROSOFT CORP 2010-03 PURCHASE 2011-02   19,546 20,699     -1,153  
    650-FORD MOTOR CO 2010-02 PURCHASE 2011-02   10,497 7,496     3,001  
    475-TYCO ELECTRONICS LTD 2009-08 PURCHASE 2011-02   17,610 11,164     6,446  
    25-ALCON INC 2009-12 PURCHASE 2011-01   4,083 4,042     41  
    50-ALCON INC 2009-11 PURCHASE 2011-01   8,165 7,256     909  
    25-ALCON INC 2009-10 PURCHASE 2011-01   4,083 3,667     416  
    250-COOPER INDUSTRIES PLC 2009-10 PURCHASE 2011-01   15,341 9,326     6,015  
    95-POTASH CORP OF SASKATCHEWAN 2010-12 PURCHASE 2011-01   16,569 13,246     3,323  
    275-SOUTHWESTERN ENERGY 2010-10 PURCHASE 2011-01   10,792 9,463     1,329  
    150-CF INDUSTRIES HOLDINGS INC 2010-09 PURCHASE 2011-01   19,926 14,162     5,764  
    150-CF INDUSTRIES HOLDINGS INC 2010-08 PURCHASE 2011-01   19,926 12,701     7,225  
    125-TARGET CORP 2010-05 PURCHASE 2011-01   6,807 7,084     -277  
    25-TARGET CORP 2009-11 PURCHASE 2011-01   1,361 1,199     162  
    20-CME GROUP INC 2008-05 PURCHASE 2011-01   6,104 9,642     -3,538  
    25-CME GROUP INC 2008-04 PURCHASE 2011-01   7,630 12,758     -5,128  
    550-NVIDIA CORP 2010-10 PURCHASE 2011-01   13,565 6,568     6,997  
    75-FREEPORT-MCMORAN COPPER 2010-08 PURCHASE 2011-01   7,909 5,463     2,446  
    1100-GAP INC/THE 2010-03 PURCHASE 2011-01   21,982 23,623     -1,641  
    500-CABLEVISION SYS CORP 2010-06 PURCHASE 2011-01   16,991 12,124     4,867  
    50-CABLEVISION SYS CORP 2010-04 PURCHASE 2011-01   1,699 1,313     386  
    29-GOOGLE INC-CL A 2006-03 PURCHASE 2011-01   17,621 10,029     7,592  
    100-FREEPORT-MCMORAN COPPER 2010-08 PURCHASE 2011-01   10,980 7,284     3,696  
    100-LEAR CORP 2010-06 PURCHASE 2011-01   10,824 7,012     3,812  
    200-CAPITAL ONE FINANCIAL CORP 2010-05 PURCHASE 2011-01   9,535 9,012     523  
    700-EMC CORP/MASS 2009-07 PURCHASE 2011-01   16,926 10,604     6,322  
    50-EMC CORP/MASS 2009-07 PURCHASE 2011-01   1,209 757     452  
    425-SOUTHWESTERN ENERGY 2010-10 PURCHASE 2011-01   16,720 14,625     2,095  
    75-MICROSOFT CORP 2010-07 PURCHASE 2011-01   2,104 1,879     225  
    350-MICROSOFT CORP 2009-11 PURCHASE 2011-01   9,819 9,947     -128  
    375-MICROSOFT CORP 2009-10 PURCHASE 2011-01   10,520 10,565     -45  
    100-MICROSOFT CORP 2009-10 PURCHASE 2011-01   2,805 2,633     172  
    325-GILEAD SCIENCES INC 2006-03 PURCHASE 2011-01   12,432 20,667     -8,235  
    425-FORD MOTOR CO 2009-11 PURCHASE 2011-01   8,012 3,553     4,459  
    75-ALCON INC 2009-10 PURCHASE 2011-01   12,217 11,002     1,215  
    100-ALCON INC 2009-09 PURCHASE 2011-01   16,290 14,027     2,263  
    30-ALCON INC 2009-09 PURCHASE 2011-01   4,887 4,047     840  
    225-SCHLUMBERGER LTD 2007-04 PURCHASE 2011-01   18,458 17,003     1,455  
    400-AT&T INC 2010-11 PURCHASE 2011-01   11,352 11,309     43  
    70-ALCON INC 2009-09 PURCHASE 2011-01   11,375 9,444     1,931  
    300-AT&T INC 2009-08 PURCHASE 2011-01   8,514 7,576     938  
    40-ALCON INC 2009-08 PURCHASE 2011-01   6,500 5,151     1,349  
    550-AT&T INC 2009-06 PURCHASE 2011-01   15,609 13,648     1,961  
    250-TARGET CORP 2009-11 PURCHASE 2011-01   13,737 11,988     1,749  
    35-ALCON INC 2009-08 PURCHASE 2011-01   5,710 4,507     1,203  
    30-ALCON INC 2009-07 PURCHASE 2011-01   4,888 3,786     1,102  
    SEC LITIGATION SETTLEMENTS 2005-12 PURCHASE 2011-12   1,820       1,820  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERNSTEIN INTERM DURATION INST PORT 4,377,037 4,686,531

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STRATEGIC VALUE/GROWTH PORTFOLIOS 4,732,548 4,835,071
    BERNSTEIN INTERNATIONAL PORTFOLIO 2,393,463 1,664,458
    BERNSTEIN EMERGING MKTS PORTFOLIO 480,093 346,158
    ALLIANCE BERNSTEIN GLOBAL REIT 621,168 506,031
    OVERLAY A/B PORTFOLIO CLASS 2 5,685,426 5,138,374

    TY 2011 OtherDecreasesSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Description Amount
    BOOK/TAX DIFFERENCES 397


    TY 2011 OtherExpensesSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    STATE REGISTRATION FEES 225     225
    OFFICE EXPENSES 21     21


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIDUCIARY LIABILITY INSURANCE 3,134     3,134
    BERNSTEIN-PORTFOLIO MGMT FEES 58,873 58,873    


    TY 2011 TaxesSchedule
    Name:
    GEORGE M & PAMELA S HUMPHREY FUND
    C/O MN ADVISORY SERVICES LLC
    EIN: 34-6513798
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 7,807 7,807