TY 2010 Form 990PF

- TIN:

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

2010

For calendar year 2010, or tax year beginning 10-01-2010 , and ending 09-30-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
JAMES AND JANE WELCH FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3636 Room/suite

City or town, state, and ZIP code
GRAND RAPIDS, MI495013636

A Employer identification number

38-2927749

B Telephone number (see page 10 of the instructions)

(800) 400-0439

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,556,160J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check
3	Interest on savings and temporary cash investments	23		23
4	Dividends and interest from securities......	127,533		127,533
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		607,603
b	Gross sales price for all assets on line 6a 4,491,765
7	Capital gain net income (from Part IV, line 2)...			607,603
8	Net short-term capital gain.........				0
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........	735,159		735,159
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		750	375	0	375
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		5,732	1,122		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		21,623	18,826		2,797
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,105		20,323	0	3,172
25	Contributions, gifts, grants paid........	156,000				156,000
26	Total expenses and disbursements. Add lines 24 and 25	184,105		20,323	0	159,172
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	551,054
b	Net investment income (if negative, enter -0-)			714,836
c	Adjusted net income (if negative, enter -0-)...				0

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	826,661	12,784	12,784
	2	Savings and temporary cash investments..........	2,012,869	266,367	266,367
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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)........	1,700	1,517	1,311,092
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........		3,111,616	2,965,917
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,841,230	3,392,284	4,556,160
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,970,630	3,470,842
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	-129,400	-78,558
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,841,230	3,392,284
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,841,230	3,392,284

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	2,841,230
2	Enter amount from Part I, line 27a......................	2	551,054
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	3,392,284
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	3,392,284

Form 990-PF (2010)

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	53.16 AQR MANAGED FUTURES STR-I	2011-03-02	2011-09-21
b	14.528 AMERICAN FD CAPITAL WORLD & INC	2011-04-14	2011-09-21
c	45.463 DOUBLELINE FDS TR TOTAL RETURN BD FD CL I	2011-03-10	2011-09-21
d	776.361 EATON VANCE FLTG RT & H I-IN	2010-12-15	2011-04-12
e	1473.26 EATON VANCE FLTG RT & H I-IN	2010-12-15	2011-09-07
	5484.475 EATON VANCE FLTG RT & H I-IN	2010-11-18	2011-09-07
	2484.905 EATON VANCE FLTG RT & H I-IN	2010-12-09	2011-09-07
	54.269 EATON VANCE MUT FDS GLO MACABSRE	2011-04-13	2011-09-21
	350.64 FPA CRESCENT PORTFOLIO-I	2010-09-30	2010-11-22
	8.144 FPA CRESCENT PORTFOLIO-I	2011-04-13	2011-09-21
	1444.92 GOLDMAN SACHS CORE FIXED INC INST SH	2010-10-04	2010-11-15
	2689.321 GOLDMAN SACHS CORE FIXED INC INST SH	2010-10-04	2010-12-09
	533.228 GOLDMAN SACHS CORE FIXED INC INST SH	2010-10-04	2010-12-15
	1459.312 GOLDMAN SACHS CORE FIXED INC INST SH	2010-10-04	2011-04-12
	122.798 GOLDMAN SACHS CORE FIXED INC INST SH	2010-10-04	2011-09-21
	86.989 GOLDMAN SACHS TR ABS	2010-10-01	2010-11-22
	6.315 GOLDMAN SACHS TR ABS	2010-12-09	2010-12-15
	19.584 GOLDMAN SACHS TR ABS	2010-12-09	2010-12-15
	49.223 GOLDMAN SACHS TR ABS	2010-10-01	2010-12-15
	64.071 GOLDMAN SACHS TR ABS	2010-10-01	2011-01-12
	4094.258 GOLDMAN SACHS TR ABS	2010-10-01	2011-02-16
	2777.68 HUSSMAN STRATEGIC GROWTH FUND	2010-09-30	2010-11-22
	10.443 HUSSMAN STRATEGIC GROWTH FUND	2010-12-31	2011-01-12
	4551.448 HUSSMAN STRATEGIC GROWTH FUND	2010-09-30	2011-03-02
	81.91 HUSSMAN STRATEGIC GROWTH FUND	2010-12-15	2011-03-02
	81.68 HUSSMAN STRATEGIC GROWTH FUND	2011-01-12	2011-03-02
	1699.202 HUSSMAN STRATEGIC GROWTH FUND	2011-02-16	2011-03-02
	135. ISHARES TR S&P 500 INDEX FD	2011-02-11	2011-02-23
	131. ISHARES TR S&P 500 INDEX FD	2011-02-11	2011-02-23
	31. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-13
	26. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-14
	37. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-14
	34. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-15
	11. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-15
	13. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-15
	57. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-10-15
	151. ISHARES S&P GLOBAL TELECOMM	2010-11-05	2010-12-06
	25. ISHARES S&P GLOBAL TELECOMM	2010-11-05	2010-12-16
	51. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2010-12-16
	3. ISHARES S&P GLOBAL TELECOMM	2011-01-13	2011-01-27
	26. ISHARES S&P GLOBAL TELECOMM	2011-01-13	2011-01-27
	58. ISHARES S&P GLOBAL TELECOMM	2011-01-13	2011-01-28
	25. ISHARES S&P GLOBAL TELECOMM	2011-01-13	2011-01-31
	2. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2011-01-31
	50. ISHARES S&P GLOBAL TELECOMM	2011-02-11	2011-02-25
	30. ISHARES S&P GLOBAL TELECOMM	2011-02-11	2011-02-25
	1. ISHARES S&P GLOBAL TELECOMM	2011-02-11	2011-02-25
	2. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2011-02-25
	7. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2011-02-25
	56. ISHARES S&P GLOBAL TELECOMM	2011-04-15	2011-04-20
	24. ISHARES S&P GLOBAL TELECOMM	2011-04-15	2011-04-20
	71. ISHARES S&P GLOBAL TELECOMM	2011-04-15	2011-04-21
	10. ISHARES S&P GLOBAL TELECOMM	2011-04-13	2011-04-21
	72. ISHARES S&P GLOBAL TELECOMM	2011-04-13	2011-05-16
	28. ISHARES S&P GLOBAL TELECOMM	2011-03-31	2011-05-16
	68. ISHARES S&P GLOBAL TELECOMM	2011-03-31	2011-08-04
	6. ISHARES S&P GLOBAL TELECOMM	2011-07-21	2011-08-04
	42. ISHARES S&P GLOBAL TELECOMM	2011-07-08	2011-08-04
	88. ISHARES S&P GLOBAL TELECOMM	2011-07-08	2011-08-10
	803. ISHARES S&P GLOBAL TELECOMM	2010-09-29	2011-08-10
	2. ISHARES S&P GLOBAL TELECOMM	2011-09-12	2011-09-21
	20. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-13
	11. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-14
	32. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-14
	15. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-15
	2. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-15
	7. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-15
	40. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-10-15
	154. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-11-05	2010-12-06
	5. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-12-06
	118. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2010-12-16
	27. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-01-13	2011-01-27
	15. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-01-13	2011-01-27
	28. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-01-13	2011-01-28
	22. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2011-01-28
	12. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2011-01-31
	42. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-02-11	2011-02-25
	29. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-02-11	2011-02-25
	3. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-02-11	2011-02-25
	4. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-02-11	2011-02-25
	7. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-02-11	2011-04-20
	56. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-03-31	2011-04-20
	27. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-03-31	2011-04-20
	11. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-03-31	2011-04-21
	78. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-04-13	2011-04-21
	1. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-04-15	2011-04-21
	101. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-04-15	2011-05-16
	9. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-07-08	2011-07-22
	98. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-07-08	2011-07-22
	81. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-04-15	2011-07-22
	31. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-04-15	2011-08-05
	58. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-07-13	2011-08-05
	118. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-07-13	2011-08-10
	754. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2010-09-29	2011-08-10
	4. ISHARES S&P GLBL TECH SECTOR IND FD ETF [RIC]	2011-09-12	2011-09-21
	21. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-13
	5. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-14
	34. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-14
	19. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-15
	3. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-15
	8. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-15
	46. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-10-15
	167. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-11-05	2010-12-06
	4. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-11-05	2010-12-16
	85. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2010-12-16
	34. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-01-27
	54. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-01-28
	19. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-01-31
	47. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-02-11	2011-02-25
	44. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-02-11	2011-02-25
	3. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-02-25
	2. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-02-25
	6. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-01-13	2011-02-25
	2. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2011-02-25
	71. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-04-15	2011-04-20
	31. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-04-15	2011-04-20
	61. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-04-15	2011-04-21
	42. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-04-13	2011-04-21
	51. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-04-13	2011-05-16
	59. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-03-31	2011-05-16
	67. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-07-08	2011-07-22
	117. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-07-14	2011-07-22
	70. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-07-14	2011-08-04
	15. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-03-31	2011-08-04
	35. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-03-31	2011-08-10
	913. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2010-09-29	2011-08-10
	4. ISHARES TR S&P GLOBAL HEALTHCARE SECTOR ETF [RIC]	2011-09-12	2011-09-21
	23. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-13
	6. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-14
	35. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-14
	19. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-15
	11. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-15
	42. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-15
	7. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-10-15
	186. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-11-05	2010-12-06
	8. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-11-05	2010-12-16
	85. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2010-12-16
	36. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-01-13	2011-01-27
	49. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-01-13	2011-01-28
	2. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-01-13	2011-01-28
	12. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2011-01-28
	25. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2011-01-31
	55. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-02-11	2011-02-25
	42. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-02-11	2011-02-25
	4. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-02-11	2011-02-25
	7. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-02-11	2011-02-25
	2. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-02-11	2011-04-20
	69. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-04-13	2011-04-20
	30. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-04-13	2011-04-20
	6. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-04-13	2011-04-21
	95. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-04-15	2011-04-21
	118. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-04-15	2011-05-16
	12. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-03-31	2011-05-16
	12. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-03-31	2011-07-22
	102. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-03-31	2011-07-22
	131. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-07-08	2011-07-22
	63. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-07-08	2011-08-05
	53. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2011-08-05
	960. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2010-09-29	2011-08-10
	282. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-07-13	2011-08-10
	7. ISHARES S&P GLBL FINLS SECTOR IN ETF [RIC]	2011-09-12	2011-09-21
	37. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-13
	31. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-14
	41. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-14
	30. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-15
	24. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-15
	10. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-15
	58. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-10-15
	249. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-11-05	2010-12-06
	10. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-12-06
	206. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2010-12-16
	6. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-01-13	2011-01-27
	36. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-01-13	2011-01-27
	54. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-01-13	2011-01-28
	39. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-01-28
	29. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-01-31
	56. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-02-11	2011-02-25
	55. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-02-11	2011-02-25
	18. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-02-25
	6. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-02-25
	17. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-02-25
	92. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-03-31	2011-04-20
	40. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-03-31	2011-04-20
	7. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-03-31	2011-04-21
	125. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-04-15	2011-04-21
	103. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-04-15	2011-05-16
	40. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-04-13	2011-05-16
	78. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-04-13	2011-07-22
	204. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-07-08	2011-07-22
	2. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-07-13	2011-07-22
	107. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-07-13	2011-08-05
	153. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-07-13	2011-08-10
	1152. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2010-09-29	2011-08-10
	5. ISHARES TR S&P GLOBAL ENERGY SECTOR INDEX ETF [RIC]	2011-09-12	2011-09-21
	17. ISHARES LEHMAN 1-3 YEAR TREA SURY BOND FD ETF [RIC]	2010-11-19	2011-03-02
	173. ISHARES LEHMAN 1-3 YEAR TREA SURY BOND FD ETF [RIC]	2010-11-19	2011-03-02
	20. ISHARES LEHMAN 1-3 YEAR TREA SURY BOND FD ETF [RIC]	2010-11-15	2011-03-02
	131. ISHARES LEHMAN 1-3 YEAR TREA SURY BOND FD ETF [RIC]	2010-11-15	2011-07-22
	2. ISHARES LEHMAN 1-3 YEAR TREA SURY BOND FD ETF [RIC]	2010-11-15	2011-09-21
	1. ISHARES TR S&P NA TECH FD	2011-08-23	2011-09-21
	157. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-10-13
	132. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-10-14
	222. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-10-14
	196. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-10-15
	272. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-10-15
	850. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-11-05	2010-12-06
	211. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-12-06
	770. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2010-12-15
	99. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-01-13	2011-01-28
	402. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-01-13	2011-01-28
	7. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-01-31
	158. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-01-13	2011-01-31
	231. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-02-11	2011-02-24
	52. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-02-25
	380. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-02-11	2011-02-25
	331. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-03-30	2011-04-20
	141. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-03-30	2011-04-20
	141. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-03-30	2011-04-21
	327. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-04-14	2011-04-21
	760. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-04-14	2011-05-16
	156. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-07-15
	272. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-07-22
	82. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-07-22
	9. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-07-22
	305. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-04
	33. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-05
	173. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-05
	1. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-05
	99. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-05
	1. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-24
	196. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-24
	156. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2011-07-08	2011-08-24
	603. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-08-24
	181. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-08-24
	1137. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-08-25
	6. ISHARES TR RUSSELL 2000 INDEX FD ETF [RIC]	2010-09-29	2011-09-21
	689. ISHARES TELECOMMUNICATION ETF	2011-08-10	2011-08-24
	689. ISHARES TELECOMMUNICATION ETF	2011-08-10	2011-08-25
	971. ISHARES TELECOMMUNICATION ETF	2011-08-10	2011-09-12
	17. ISHARES S&P SHT TRM NATL MUNI BD ETF	2010-11-16	2010-11-22
	101. ISHARES S&P SHT TRM NATL MUNI BD ETF	2010-11-16	2010-11-23
	1. ISHARES HIGH YIELD CORP BD FD ETF	2011-08-05	2011-09-21
	170. ISHARES HIGH YIELD CORP BD FD ETF	2011-08-05	2011-09-26
	121. ISHARES HIGH YIELD CORP BD FD ETF	2011-08-08	2011-09-26
	27. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-13
	23. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-14
	30. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-14
	22. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-15
	18. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-15
	7. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-15
	44. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-10-15
	129. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-11-05	2010-12-06
	6. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-12-06
	105. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2010-12-16
	6. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-01-13	2011-01-27
	18. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-01-13	2011-01-27
	35. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-01-13	2011-01-28
	9. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-01-13	2011-01-31
	3. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2011-01-31
	33. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-02-11	2011-02-25
	32. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-02-11	2011-02-25
	2. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-02-11	2011-02-25
	5. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2011-02-25
	2. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2011-02-25
	52. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-04-15	2011-04-20
	22. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-04-15	2011-04-20
	61. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-04-15	2011-04-21
	13. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-04-13	2011-04-21
	54. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-04-13	2011-05-16
	29. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-03-31	2011-05-16
	4. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-03-31	2011-07-21
	47. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-03-31	2011-08-05
	7. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-07-08	2011-08-05
	100. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-07-08	2011-08-10
	660. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2010-09-29	2011-08-10
	4. ISHARES TRUST S & P GLOBAL MAT ETF [RIC]	2011-09-12	2011-09-21
	32. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-13
	16. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-14
	41. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-14
	28. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-15
	11. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-15
	11. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-15
	65. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-10-15
	192. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-11-05	2010-12-06
	11. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-11-05	2010-12-16
	71. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2010-12-16
	38. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-01-13	2011-01-27
	78. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-01-13	2011-01-28
	5. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-01-13	2011-01-31
	27. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2011-01-31
	49. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-02-11	2011-02-25
	51. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-02-11	2011-02-25
	3. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2011-02-25
	7. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2011-02-25
	8. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2011-02-25
	80. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-15	2011-04-20
	34. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-15	2011-04-20
	115. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-15	2011-04-21
	41. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-15	2011-05-16
	95. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-13	2011-05-16
	11. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-04-13	2011-08-05
	122. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-03-31	2011-08-05
	5. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-03-31	2011-08-10
	16. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-07-21	2011-08-10
	1016. ISHARES TR S&P GL UTILITI ETF [RIC]	2010-09-29	2011-08-10
	13. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-01-13	2011-08-10
	152. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-07-08	2011-08-10
	5. ISHARES TR S&P GL UTILITI ETF [RIC]	2011-09-12	2011-09-21
	36. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-13
	11. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-14
	44. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-14
	34. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-15
	88. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-15
	15. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-10-15
	169. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-11-05	2010-12-06
	3. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-12-06
	131. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2010-12-16
	15. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-01-13	2011-01-27
	16. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-01-13	2011-01-27
	7. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-01-13	2011-01-27
	47. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-01-13	2011-01-28
	12. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2011-01-28
	24. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2011-01-31
	42. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-02-11	2011-02-25
	34. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-02-11	2011-02-25
	3. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-02-11	2011-02-25
	4. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-02-11	2011-02-25
	1. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2011-02-25
	68. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-03-31	2011-04-20
	30. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-03-31	2011-04-20
	6. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-03-31	2011-04-21
	92. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-04-15	2011-04-21
	101. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-04-15	2011-05-16
	6. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-04-13	2011-05-16
	114. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-07-08	2011-07-22
	64. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-04-13	2011-07-22
	18. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-04-13	2011-08-05
	46. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-07-14	2011-08-05
	150. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-07-14	2011-08-10
	859. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2010-09-29	2011-08-10
	5. ISHARES TRUST S&P GL INDUSTRIALS ETF [RIC]	2011-09-12	2011-09-21
	24. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-13
	9. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-14
	36. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-14
	20. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-15
	19. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-15
	6. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-15
	37. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-10-15
	143. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-11-05	2010-12-06
	4. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-11-05	2010-12-16
	80. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2010-12-16
	29. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-01-13	2011-01-27
	44. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-01-13	2011-01-28
	17. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-01-13	2011-01-31
	13. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-01-13	2011-02-25
	41. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-02-11	2011-02-25
	29. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-02-11	2011-02-25
	4. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-02-11	2011-02-25
	5. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-02-11	2011-02-25
	58. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-04-15	2011-04-20
	25. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-04-15	2011-04-20
	51. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-04-15	2011-04-21
	31. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-04-13	2011-04-21
	48. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-04-13	2011-05-16
	48. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-03-31	2011-05-16
	81. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-07-08	2011-07-22
	75. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-07-13	2011-07-22
	8. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-07-13	2011-07-22
	79. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-07-13	2011-08-04
	20. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-03-31	2011-08-04
	25. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-03-31	2011-08-10
	1. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-02-11	2011-08-10
	6. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-01-13	2011-08-10
	769. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2010-09-29	2011-08-10
	4. ISHARES SP 500 GL CONS STAPLES ETF [RIC]	2011-09-12	2011-09-21
	42. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-13
	36. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-14
	48. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-14
	35. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-15
	16. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-15
	91. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-10-15
	172. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-11-05	2010-12-06
	138. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2010-12-16
	5. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-01-13	2011-01-27
	27. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-01-13	2011-01-27
	53. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-01-13	2011-01-28
	12. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-01-13	2011-01-31
	10. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2011-01-31
	44. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-02-11	2011-02-25
	33. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-02-11	2011-02-25
	5. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-02-11	2011-02-25
	6. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-02-11	2011-02-25
	4. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2011-02-25
	73. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-04-15	2011-04-20
	32. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-04-15	2011-04-20
	104. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-04-15	2011-04-21
	11. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-04-15	2011-05-16
	102. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-03-31	2011-05-16
	73. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-07-08	2011-07-22
	105. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-07-14	2011-07-22
	9. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-07-14	2011-07-22
	79. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-07-14	2011-08-05
	1. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-07-14	2011-08-10
	2. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-03-31	2011-08-10
	90. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-04-13	2011-08-10
	884. ISHARES SP 500 GL CONS DISC ETF [RIC]	2010-09-29	2011-08-10
	2. ISHARES SP 500 GL CONS DISC ETF [RIC]	2011-09-12	2011-09-21
	448. ISHARES SILVER TR ISHARES [WHFIT]	2010-09-29	2010-11-15
	175. ISHARES SILVER TR ISHARES [WHFIT]	2010-09-29	2010-11-19
	180. ISHARES SILVER TR ISHARES [WHFIT]	2010-09-29	2010-12-08
	539. ISHARES SILVER TR ISHARES [WHFIT]	2010-09-29	2011-01-20
	74. ISHARES SILVER TR ISHARES [WHFIT]	2011-04-13	2011-05-02
	236. ISHARES SILVER TR ISHARES [WHFIT]	2011-03-02	2011-05-02
	281. ISHARES SILVER TR ISHARES [WHFIT]	2011-02-17	2011-05-02
	4. ISHARES SILVER TR ISHARES [WHFIT]	2011-07-22	2011-09-21
	262. ISHARES SILVER TR ISHARES [WHFIT]	2011-07-22	2011-09-28
	341. ISHARES SILVER TR ISHARES [WHFIT]	2011-07-14	2011-09-28
	12. JPMORGAN CHASE & CO ALERIAN MLP INDEX ETN [NQDI]	2011-04-13	2011-09-21
	6. MARKET VECTORS ETF TR GOLD MINERS ETF FD [RIC]	2011-08-05	2011-09-21
	46.393 MERGER FD SH BEN INT	2010-11-22	2010-12-15
	112.595 MERGER FD SH BEN INT	2010-11-22	2011-01-12
	1002.401 MERGER FD SH BEN INT	2010-11-22	2011-02-16
	186.255 MERGER FD SH BEN INT	2010-09-30	2011-02-16
	38.073 MERGER FD SH BEN INT	2011-04-13	2011-09-21
	434.475 NUVEEN INVT TR II TRADEWINDS GL	2010-09-30	2010-11-22
	477.593 NUVEEN INVT TR II TRADEWINDS GL	2011-04-13	2011-08-23
	41.714 NUVEEN INVT TR II TRADEWINDS GL	2011-01-12	2011-08-23
	1429.578 NUVEEN INVT TR II TRADEWINDS GL	2010-09-30	2011-08-23
	252.762 PARNASSUS FD SH BEN INT	2010-09-30	2010-11-22
	57.355 PARNASSUS FD SH BEN INT	2010-09-30	2011-01-12
	3.092 PARNASSUS FD SH BEN INT	2011-04-13	2011-09-21
	1772.389 PIMCO FDS ADV TTL STRG D	2010-12-31	2011-01-12
	4167.748 PIMCO FDS ADV TTL STRG D	2010-09-30	2011-02-16
	98.434 PIMCO FDS ADV TTL STRG D	2010-09-30	2011-03-02
	141.343 PIMCO FDS ADV TTL STRG D	2010-09-30	2011-09-21
	1254.801 PIMCO TOTAL RETURN FUND	2010-10-01	2010-11-15
	2903.74 PIMCO TOTAL RETURN FUND	2010-10-01	2010-11-18
	1361.157 PIMCO TOTAL RETURN FUND	2010-10-01	2011-04-12
	110.441 PIMCO TOTAL RETURN FUND	2010-10-01	2011-09-21
	99.918 PIMCO REAL RETURN FUND	2011-04-13	2011-09-21
	1177.618 PIMCO HIGH YIELD FUND	2011-04-13	2011-08-08
	707.001 PIMCO HIGH YIELD FUND	2011-04-13	2011-08-08
	910.631 PIMCO HIGH YIELD FUND	2010-10-01	2011-08-08
	1.566 PIMCO HIGH YIELD FUND	2010-10-01	2011-09-21
	199. POWERSHARES DB COMMODITY IND [LP]	2010-09-29	2010-11-15
	222. POWERSHARES DB COMMODITY IND [LP]	2010-09-29	2010-11-19
	. POWERSHARES DB COMMODITY IND [LP]		2010-12-31
	. POWERSHARES DB COMMODITY IND [LP]		2010-12-31
	. POWERSHARES DB COMMODITY IND [LP]		2010-12-31
	. POWERSHARES DB COMMODITY IND [LP]		2010-12-31
	83. POWERSHARES DB COMMODITY IND [LP]	2010-09-29	2011-01-12
	126. POWERSHARES DB COMMODITY IND [LP]	2011-04-13	2011-06-27
	927. POWERSHARES DB COMMODITY IND [LP]	2010-09-29	2011-06-27
	423. POWERSHARES DB COMMODITY IND [LP]	2011-07-22	2011-08-09
	. POWERSHARES DB COMMODITY IND [LP]		2011-09-30
	. POWERSHARES DB COMMODITY IND [LP]		2011-09-30
	. POWERSHARES DB COMMODITY IND [LP]		2011-09-30
	64.118 PRICE T ROWE HIGH YIELD FD INC	2010-09-30	2011-01-12
	1678.298 PRICE T ROWE HIGH YIELD FD INC	2011-04-13	2011-08-08
	232. PRICE T ROWE HIGH YIELD FD INC	2011-04-13	2011-08-08
	1923.502 PRICE T ROWE HIGH YIELD FD INC	2010-09-30	2011-08-08
	75.539 RIDGEWORTH FDS MICAP VAL EQ I	2011-04-14	2011-09-21
	30.863 T ROWE PRICE NEW ERA FUND INC COM	2010-09-30	2010-11-15
	22.955 T ROWE PRICE NEW ERA FUND INC COM	2011-04-13	2011-09-21
	31. SPDR GOLD TRUST [WHFIT]	2010-09-29	2010-11-15
	44. SPDR GOLD TRUST [WHFIT]	2010-09-29	2010-11-19
	142. SPDR GOLD TRUST [WHFIT]	2010-09-29	2010-12-16
	142. SPDR GOLD TRUST [WHFIT]	2010-09-29	2011-01-27
	75. SPDR GOLD TRUST [WHFIT]	2011-07-22	2011-08-05
	4. SPDR GOLD TRUST [WHFIT]	2011-07-22	2011-09-08
	36. SPDR GOLD TRUST [WHFIT]	2011-06-15	2011-09-08
	3. SPDR GOLD TRUST [WHFIT]	2011-06-15	2011-09-21
	2. SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF	2011-08-05	2011-09-21
	6. SPDR S&P BANK ETF	2011-08-23	2011-09-21
	421. CEF SEL SECTOR SPDR FD MATERIALS ETF [EQTY]	2011-08-10	2011-08-24
	421. CEF SEL SECTOR SPDR FD MATERIALS ETF [EQTY]	2011-08-10	2011-08-25
	633. CEF SEL SECTOR SPDR FD MATERIALS ETF [EQTY]	2011-08-10	2011-09-12
	466. CEF SEL SECTOR SPDR FD HEALTHCARE ETF [EQTY]	2011-08-10	2011-08-24
	467. CEF SEL SECTOR SPDR FD HEALTHCARE ETF [EQTY]	2011-08-10	2011-08-25
	656. CEF SEL SECTOR SPDR FD HEALTHCARE ETF [EQTY]	2011-08-10	2011-09-12
	494. SECTOR SPDR TR SHS CONSUMER STAPLES ETF [EQTY]	2011-08-10	2011-08-24
	494. SECTOR SPDR TR SHS CONSUMER STAPLES ETF [EQTY]	2011-08-10	2011-08-25
	696. SECTOR SPDR TR SHS CONSUMER STAPLES ETF [EQTY]	2011-08-10	2011-09-12
	409. SEL SECTOR SPDR FUND CONS DISC ETF [EQTY]	2011-08-10	2011-08-24
	410. SEL SECTOR SPDR FUND CONS DISC ETF [EQTY]	2011-08-10	2011-08-25
	591. SEL SECTOR SPDR FUND CONS DISC ETF [EQTY]	2011-08-10	2011-09-12
	220. ENERGY SELECT SECTOR SPDR ETF [EQTY]	2011-08-10	2011-08-24
	221. ENERGY SELECT SECTOR SPDR ETF [EQTY]	2011-08-10	2011-08-25
	323. ENERGY SELECT SECTOR SPDR ETF [EQTY]	2011-08-10	2011-09-12
	1129. SECTOR SPDR TR FINANCIAL ETF [EQTY]	2011-08-10	2011-08-24
	1130. SECTOR SPDR TR FINANCIAL ETF [EQTY]	2011-08-10	2011-08-25
	1672. SECTOR SPDR TR FINANCIAL ETF [EQTY]	2011-08-10	2011-09-12
	464. SELECT SECT SPDR SHS BEN INT-INDUSTRIAL ETF [EQTY]	2011-08-10	2011-08-24
	464. SELECT SECT SPDR SHS BEN INT-INDUSTRIAL ETF [EQTY]	2011-08-10	2011-08-25
	692. SELECT SECT SPDR SHS BEN INT-INDUSTRIAL ETF [EQTY]	2011-08-10	2011-09-12
	594. TECH SECTOR SPDR TR ETF [EQTY]	2011-08-10	2011-08-24
	593. TECH SECTOR SPDR TR ETF [EQTY]	2011-08-10	2011-08-25
	895. TECH SECTOR SPDR TR ETF [EQTY]	2011-08-10	2011-09-12
	468. SECTOR SPDR TR SHS BEN INT-UTILITIES ETF [EQTY]	2011-08-10	2011-08-24
	469. SECTOR SPDR TR SHS BEN INT-UTILITIES ETF [EQTY]	2011-08-10	2011-08-25
	636. SECTOR SPDR TR SHS BEN INT-UTILITIES ETF [EQTY]	2011-08-10	2011-09-12
	22000. STEELCASE INC. CLASS A COMMON	1913-10-10	2011-04-06
	30000. STEELCASE INC. CLASS A COMMON	1913-10-10	2011-04-06
	167.019 TFS CAP INVT TR MARKET NEUTRAL	2010-10-01	2010-11-22
	85.925 TFS CAP INVT TR MARKET NEUTRAL	2010-10-01	2010-12-15
	217.801 TFS CAP INVT TR MARKET NEUTRAL	2010-10-01	2011-01-12
	1372.267 TFS CAP INVT TR MARKET NEUTRAL	2010-10-01	2011-02-16
	38.431 TFS CAP INVT TR MARKET NEUTRAL	2010-10-01	2011-09-21
	37.679 THIRD AVE TR INVS	2010-12-21	2011-01-12
	2.018 THIRD AVE TR INVS	2010-12-21	2011-01-12
	18.932 THIRD AVE TR INVS	2010-09-30	2011-01-12
	53.242 THIRD AVE TR INVS	2010-09-30	2011-03-10
	53.794 THIRD AVE TR INVS	2011-04-13	2011-09-21
	14.026 THIRD AVE REAL ESTATE VALUE FD INV CLASS	2010-09-30	2010-11-15
	31.7 THIRD AVE REAL ESTATE VALUE FD INV CLASS	2011-04-13	2011-09-21
	49. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-06-27
	85. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-06-28
	56. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-06-29
	183. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-06-30
	102. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-07-01
	223. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-07-05
	164. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-07-06
	91. TORTOISE ENERGY INFRASTRUCTURE CORP	2011-04-13	2011-07-07
	29.41 TOUCHSTONE FDS GROUP TR FOCUSED EQUITY FD CL Y	2010-11-22	2011-01-12
	16.563 TOUCHSTONE FDS GROUP TR FOCUSED EQUITY FD CL Y	2011-04-13	2011-09-21
	639. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-01-13
	348. VANGUARD BD INDEX FD INC ETF	2011-01-31	2011-02-11
	290. VANGUARD BD INDEX FD INC ETF	2011-01-28	2011-02-11
	46. VANGUARD BD INDEX FD INC ETF	2011-01-28	2011-02-11
	9. VANGUARD BD INDEX FD INC ETF	2011-01-28	2011-03-30
	629. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-03-30
	2. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-03-30
	629. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-04-14
	120. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-04-14
	493. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-04-15
	75. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	125. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	66. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	4. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	187. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	172. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-07-08
	20. VANGUARD BD INDEX FD INC ETF	2011-05-16	2011-07-08
	115. VANGUARD BD INDEX FD INC ETF	2011-05-16	2011-07-08
	34. VANGUARD BD INDEX FD INC ETF	2011-05-16	2011-07-21
	205. VANGUARD BD INDEX FD INC ETF	2010-12-15	2011-08-10
	1031. VANGUARD BD INDEX FD INC ETF	2011-08-25	2011-09-14
	129. VANGUARD BD INDEX FD INC ETF	2011-08-25	2011-09-14
	323. VANGUARD BD INDEX FD INC ETF	2011-08-25	2011-09-14
	51. VANGUARD BD INDEX FD INC ETF	2011-08-25	2011-09-14
	374. VANGUARD BD INDEX FD INC ETF	2011-08-25	2011-09-14
	25. VANGUARD BD INDEX FD INC ETF	2011-08-24	2011-09-21
	1969. VANGUARD BD INDEX FD INC ETF	2011-08-24	2011-09-29
	287. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-14	2010-11-05
	1509. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-11-05
	216. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-11-05
	475. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-12-15
	80. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-14	2010-12-15
	342. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-13	2010-12-15
	411. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-12-15
	91. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-12-15
	135. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2010-12-15
	655. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-14	2011-01-13
	681. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-14	2011-02-11
	433. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2011-09-29	2011-03-30
	217. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-03-30
	18. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-04-14
	1222. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-04-15
	5. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-04-15
	191. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-08
	191. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-08
	191. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-08
	169. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-08
	14. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-08
	676. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-10-15	2011-07-13
	454. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-07-13
	125. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-12-06	2011-07-13
	44. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-09-21
	5. VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF [RIC]	2010-09-29	2011-09-21
	143. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-10-13
	120. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-10-14
	222. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-10-14
	182. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-10-15
	227. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-10-15
	760. VANGUARD MSCI EMERGING MARKETS ETF	2010-11-05	2010-12-06
	23. VANGUARD MSCI EMERGING MARKETS ETF	2010-11-05	2010-12-15
	517. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2010-12-15
	73. VANGUARD MSCI EMERGING MARKETS ETF	2011-01-13	2011-01-28
	286. VANGUARD MSCI EMERGING MARKETS ETF	2011-01-13	2011-01-28
	170. VANGUARD MSCI EMERGING MARKETS ETF	2011-01-13	2011-01-31
	331. VANGUARD MSCI EMERGING MARKETS ETF	2011-04-14	2011-04-20
	141. VANGUARD MSCI EMERGING MARKETS ETF	2011-04-14	2011-04-20
	472. VANGUARD MSCI EMERGING MARKETS ETF	2011-04-14	2011-04-21
	463. VANGUARD MSCI EMERGING MARKETS ETF	2011-04-14	2011-05-16
	238. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-07-15
	238. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-07-22
	13. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-07-22
	83. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-07-22
	319. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-04
	33. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-05
	187. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-05
	99. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-05
	1. VANGUARD MSCI EMERGING MARKETS ETF	2011-03-31	2011-08-05
	211. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-24
	671. VANGUARD MSCI EMERGING MARKETS ETF	2011-07-08	2011-08-24
	147. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2011-08-24
	1029. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2011-08-25
	11. VANGUARD MSCI EMERGING MARKETS ETF	2010-09-29	2011-09-21
	6. VANGUARD REIT ETF	2011-04-13	2011-09-21
	522.473 YACKTMAN FD INC FOCUSED FD	2010-09-30	2010-11-22
	12.263 YACKTMAN FD INC FOCUSED FD	2011-04-13	2011-09-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	528	548	-20
b	447	541	-94
c	514	502	12
d	6,917	6,776	141
e	12,493	12,858	-365
	46,508	47,810	-1,302
	21,072	21,662	-590
	544	551	-7
	9,171	9,032	139
	208	228	-20
	14,391	14,493	-102
	26,436	26,974	-538
	5,188	5,348	-160
	14,360	14,637	-277
	1,269	1,232	37
	802	792	10
	59	58	1
	182	181	1
	458	448	10
	600	583	17
	38,732	37,258	1,474
	35,322	37,110	-1,788
	126	128	-2
	54,619	60,807	-6,188
	983	1,032	-49
	980	985	-5
	20,391	20,254	137
	17,756	18,014	-258
	17,230	17,460	-230
	1,831	1,788	43
	1,543	1,500	43
	2,191	2,134	57
	2,016	1,961	55
	655	634	21
	771	750	21
	3,375	3,288	87
	8,770	9,178	-408
	1,464	1,520	-56
	2,987	2,942	45
	179	176	3
	1,554	1,524	30
	3,408	3,400	8
	1,476	1,465	11
	118	115	3
	2,980	3,008	-28
	1,788	1,800	-12
	60	60
	119	115	4
	417	404	13
	3,497	3,503	-6
	1,500	1,501	-1
	4,399	4,441	-42
	620	623	-3
	4,417	4,489	-72
	1,718	1,729	-11
	3,856	4,200	-344
	340	361	-21
	2,382	2,524	-142
	4,743	5,288	-545
	43,281	46,317	-3,036
	111	107	4
	1,146	1,119	27
	631	616	15
	1,827	1,791	36
	863	839	24
	115	112	3
	404	392	12
	2,312	2,238	74
	9,272	9,299	-27
	301	280	21
	7,175	6,604	571
	1,744	1,712	32
	972	951	21
	1,792	1,776	16
	1,408	1,231	177
	760	672	88
	2,698	2,751	-53
	1,863	1,896	-33
	193	196	-3
	257	262	-5
	438	458	-20
	3,508	3,502	6
	1,693	1,689	4
	695	688	7
	4,926	4,824	102
	63	61	2
	6,397	6,210	187
	568	562	6
	6,177	6,120	57
	5,105	4,980	125
	1,724	1,906	-182
	3,226	3,548	-322
	6,404	7,219	-815
	40,919	42,196	-1,277
	232	216	16
	1,094	1,069	25
	261	255	6
	1,767	1,731	36
	989	967	22
	156	153	3
	417	407	10
	2,395	2,342	53
	8,510	8,786	-276
	209	210	-1
	4,442	4,328	114
	1,787	1,786	1
	2,794	2,836	-42
	985	998	-13
	2,483	2,492	-9
	2,325	2,331	-6
	159	158	1
	106	105	1
	318	315	3
	106	102	4
	4,010	3,965	45
	1,752	1,731	21
	3,472	3,407	65
	2,390	2,325	65
	3,028	2,824	204
	3,503	3,201	302
	3,921	3,913	8
	6,848	6,821	27
	3,758	4,081	-323
	805	814	-9
	1,751	1,899	-148
	45,686	46,488	-802
	213	204	9
	1,060	1,022	38
	275	267	8
	1,592	1,556	36
	857	845	12
	497	489	8
	1,897	1,867	30
	317	311	6
	8,292	8,815	-523
	365	379	-14
	3,873	3,779	94
	1,735	1,726	9
	2,330	2,350	-20
	95	96	-1
	571	533	38
	1,194	1,111	83
	2,709	2,732	-23
	2,068	2,073	-5
	198	197	1
	346	346
	96	99	-3
	3,317	3,373	-56
	1,445	1,467	-22
	291	293	-2
	4,606	4,597	9
	5,575	5,710	-135
	567	578	-11
	544	578	-34
	4,636	4,914	-278
	5,954	5,962	-8
	2,437	2,867	-430
	2,051	2,356	-305
	35,155	42,678	-7,523
	10,327	12,450	-2,123
	250	242	8
	1,312	1,252	60
	1,102	1,049	53
	1,451	1,388	63
	1,059	1,016	43
	849	812	37
	354	339	15
	2,055	1,963	92
	9,370	9,308	62
	376	339	37
	7,791	6,973	818
	244	241	3
	1,463	1,441	22
	2,181	2,162	19
	1,575	1,320	255
	1,187	982	205
	2,427	2,340	87
	2,383	2,297	86
	780	609	171
	261	203	58
	740	575	165
	4,055	4,094	-39
	1,765	1,780	-15
	310	312	-2
	5,539	5,414	125
	4,248	4,461	-213
	1,650	1,729	-79
	3,371	3,372	-1
	8,817	8,613	204
	86	84	2
	3,877	4,470	-593
	5,344	6,392	-1,048
	40,239	38,995	1,244
	178	173	5
	1,426	1,432	-6
	14,511	14,567	-56
	1,678	1,684	-6
	11,052	11,029	23
	169	168	1
	59	55	4
	11,111	10,648	463
	9,319	8,952	367
	15,602	15,056	546
	13,828	13,293	535
	19,161	18,447	714
	64,463	62,623	1,840
	16,002	14,310	1,692
	59,375	52,221	7,154
	7,678	7,934	-256
	31,178	32,141	-963
	543	492	51
	12,251	13,030	-779
	18,475	18,945	-470
	4,247	3,787	460
	31,036	31,635	-599
	27,628	27,769	-141
	11,791	11,829	-38
	11,903	11,889	14
	27,604	27,035	569
	63,140	62,794	346
	12,900	13,288	-388
	22,847	23,513	-666
	6,898	6,985	-87
	757	765	-8
	22,417	26,484	-4,067
	2,308	3,256	-948
	12,378	16,939	-4,561
	71	85	-14
	7,040	9,421	-2,381
	68	112	-44
	13,419	21,517	-8,098
	10,681	15,062	-4,381
	41,285	42,377	-1,092
	12,392	12,706	-314
	77,813	77,352	461
	416	407	9
	14,930	14,269	661
	14,813	14,269	544
	20,178	20,109	69
	1,786	1,746	40
	10,606	10,373	233
	87	86	1
	14,529	14,689	-160
	10,341	10,123	218
	1,820	1,727	93
	1,565	1,471	94
	2,028	1,919	109
	1,479	1,407	72
	1,209	1,151	58
	473	448	25
	2,969	2,814	155
	9,156	9,227	-71
	426	384	42
	7,473	6,716	757
	433	441	-8
	1,300	1,319	-19
	2,476	2,565	-89
	641	660	-19
	214	192	22
	2,420	2,461	-41
	2,346	2,383	-37
	147	149	-2
	366	320	46
	147	128	19
	3,965	3,902	63
	1,679	1,651	28
	4,712	4,577	135
	1,004	974	30
	3,905	4,047	-142
	2,097	2,160	-63
	296	298	-2
	3,054	3,501	-447
	455	518	-63
	6,095	7,404	-1,309
	40,226	42,214	-1,988
	243	238	5
	1,474	1,456	18
	739	728	11
	1,887	1,866	21
	1,291	1,274	17
	508	501	7
	507	501	6
	2,998	2,958	40
	8,605	9,060	-455
	495	519	-24
	3,195	3,231	-36
	1,777	1,732	45
	3,592	3,554	38
	232	228	4
	1,255	1,229	26
	2,296	2,311	-15
	2,389	2,404	-15
	141	137	4
	328	319	9
	375	364	11
	3,714	3,706	8
	1,580	1,575	5
	5,353	5,328	25
	1,927	1,900	27
	4,464	4,386	78
	459	508	-49
	5,086	5,586	-500
	197	229	-32
	632	730	-98
	40,121	46,228	-6,107
	513	591	-78
	6,002	6,872	-870
	212	199	13
	1,837	1,769	68
	562	541	21
	2,234	2,162	72
	1,719	1,671	48
	4,451	4,324	127
	760	737	23
	8,877	8,829	48
	158	147	11
	6,976	6,437	539
	844	831	13
	900	884	16
	397	387	10
	2,616	2,597	19
	668	590	78
	1,336	1,179	157
	2,360	2,414	-54
	1,911	1,949	-38
	169	172	-3
	226	229	-3
	56	49	7
	3,920	3,924	-4
	1,733	1,731	2
	348	346	2
	5,341	5,244	97
	5,821	5,757	64
	346	342	4
	6,426	6,497	-71
	3,608	3,646	-38
	872	1,026	-154
	2,229	2,598	-369
	6,913	8,470	-1,557
	39,591	42,211	-2,620
	232	221	11
	1,475	1,453	22
	554	545	9
	2,212	2,179	33
	1,229	1,211	18
	1,170	1,150	20
	369	363	6
	2,274	2,240	34
	8,753	9,022	-269
	249	252	-3
	4,986	4,843	143
	1,783	1,791	-8
	2,669	2,717	-48
	1,032	1,050	-18
	809	803	6
	2,552	2,531	21
	1,805	1,789	16
	249	247	2
	311	308	3
	3,828	3,807	21
	1,652	1,641	11
	3,385	3,348	37
	2,058	2,011	47
	3,262	3,114	148
	3,262	3,042	220
	5,446	5,446
	5,043	4,985	58
	538	532	6
	5,022	5,250	-228
	1,271	1,268	3
	1,532	1,585	-53
	61	62	-1
	368	369	-1
	47,116	46,555	561
	253	245	8
	2,110	2,041	69
	1,807	1,750	57
	2,401	2,333	68
	1,750	1,701	49
	803	778	25
	4,563	4,423	140
	9,171	9,015	156
	7,357	6,707	650
	274	272	2
	1,482	1,467	15
	2,836	2,879	-43
	644	652	-8
	536	486	50
	2,433	2,479	-46
	1,825	1,853	-28
	277	281	-4
	332	337	-5
	222	194	28
	4,051	3,995	56
	1,779	1,751	28
	5,817	5,691	126
	622	602	20
	5,771	5,573	198
	4,196	4,212	-16
	6,035	5,999	36
	517	514	3
	4,053	4,513	-460
	48	57	-9
	96	109	-13
	4,307	4,904	-597
	42,309	42,962	-653
	100	93	7
	11,542	9,601	1,941
	4,600	3,750	850
	4,937	3,857	1,080
	14,515	11,551	2,964
	3,178	2,929	249
	10,136	8,029	2,107
	12,068	8,706	3,362
	156	156
	7,584	10,218	-2,634
	9,871	12,803	-2,932
	429	454	-25
	395	335	60
	746	743	3
	1,785	1,803	-18
	16,018	16,048	-30
	2,976	2,967	9
	597	616	-19
	12,374	11,653	721
	13,172	14,228	-1,056
	1,150	1,218	-68
	39,428	38,341	1,087
	9,628	9,201	427
	2,442	2,088	354
	106	131	-25
	7,639	7,657	-18
	18,005	19,588	-1,583
	428	463	-35
	581	664	-83
	14,443	14,568	-125
	33,451	33,712	-261
	14,877	15,803	-926
	1,208	1,282	-74
	1,216	1,158	58
	10,610	11,176	-566
	6,370	6,709	-339
	8,205	8,442	-237
	14	15	-1
	5,043	5,017	26
	5,473	5,597	-124
	88		88
	8		8
	2,606		2,606
	1,737		1,737
	2,313	2,307	6
	3,529	3,818	-289
	25,966	26,979	-1,013
	11,783	12,964	-1,181
	340		340
	285		285
	544		544
	440	430	10
	10,976	11,664	-688
	1,517	1,612	-95
	12,580	12,907	-327
	737	953	-216
	1,493	1,361	132
	1,005	1,271	-266
	4,155	3,967	188
	5,800	5,631	169
	18,897	18,172	725
	18,217	18,172	45
	12,063	11,721	342
	722	625	97
	6,496	5,376	1,120
	523	448	75
	76	76
	111	108	3
	13,935	13,918	17
	14,052	13,918	134
	20,442	20,927	-485
	14,941	14,199	742
	14,911	14,229	682
	20,678	19,988	690
	14,904	14,226	678
	14,852	14,226	626
	20,587	20,043	544
	14,595	14,168	427
	14,632	14,202	430
	20,677	20,472	205
	14,360	14,047	313
	14,428	14,111	317
	20,489	20,624	-135
	14,098	14,033	65
	14,466	14,046	420
	20,107	20,783	-676
	14,136	13,929	207
	14,180	13,929	251
	20,413	20,774	-361
	13,928	13,894	34
	13,905	13,870	35
	20,782	20,934	-152
	15,630	14,447	1,183
	15,556	14,478	1,078
	20,684	19,633	1,051
	262,037	77	261,960
	356,762	105	356,657
	2,620	2,616	4
	1,257	1,346	-89
	3,247	3,411	-164
	21,023	21,490	-467
	542	602	-60
	428	419	9
	23	22	1
	215	209	6
	618	588	30
	551	623	-72
	325	311	14
	632	759	-127
	1,856	1,901	-45
	3,228	3,297	-69
	2,120	2,172	-52
	6,939	7,099	-160
	3,874	3,957	-83
	8,465	8,651	-186
	6,238	6,362	-124
	3,471	3,530	-59
	366	341	25
	165	213	-48
	51,462	51,465	-3
	27,808	28,129	-321
	23,173	23,435	-262
	3,676	3,717	-41
	722	736	-14
	50,451	51,234	-783
	160	161	-1
	50,439	51,369	-930
	9,623	9,665	-42
	39,562	39,973	-411
	6,081	6,151	-70
	10,135	10,252	-117
	5,351	5,411	-60
	324	328	-4
	15,169	15,326	-157
	13,949	14,096	-147
	1,622	1,618	4
	9,327	9,301	26
	2,761	2,750	11
	16,770	16,915	-145
	84,056	84,448	-392
	10,523	10,543	-20
	26,356	26,399	-43
	4,160	4,168	-8
	30,507	30,541	-34
	2,040	2,040
	160,096	160,058	38
	23,726	23,765	-39
	124,747	124,870	-123
	17,852	17,874	-22
	37,881	39,306	-1,425
	6,380	6,631	-251
	27,274	28,333	-1,059
	32,777	33,991	-1,214
	7,257	7,514	-257
	10,766	11,141	-375
	52,600	55,357	-2,757
	53,950	57,674	-3,724
	34,670	37,151	-2,481
	17,375	18,588	-1,213
	1,440	1,542	-102
	97,929	103,121	-5,192
	401	428	-27
	15,563	16,422	-859
	15,559	16,247	-688
	15,570	16,187	-617
	13,773	14,317	-544
	1,141	1,186	-45
	55,330	56,536	-1,206
	37,159	37,465	-306
	10,231	10,181	50
	3,689	3,798	-109
	419	431	-12
	6,808	6,492	316
	5,704	5,448	256
	10,518	10,079	439
	8,617	8,263	354
	10,739	10,306	433
	36,160	37,352	-1,192
	1,081	1,130	-49
	24,301	23,472	829
	3,354	3,543	-189
	13,140	13,855	-715
	7,875	8,667	-792
	16,587	16,517	70
	7,078	6,988	90
	23,915	23,391	524
	22,028	22,841	-813
	11,335	11,665	-330
	11,571	11,948	-377
	632	637	-5
	4,045	4,066	-21
	14,104	15,818	-1,714
	1,400	1,794	-394
	8,117	10,012	-1,895
	4,266	5,239	-973
	43	49	-6
	8,744	12,485	-3,741
	27,808	32,036	-4,228
	6,092	6,674	-582
	42,395	46,717	-4,322
	440	499	-59
	333	344	-11
	9,149	8,851	298
	218	230	-12

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			-20
b			-94
c			12
d			141
e			-365
			-1,302
			-590
			-7
			139
			-20
			-102
			-538
			-160
			-277
			37
			10
			1
			1
			10
			17
			1,474
			-1,788
			-2
			-6,188
			-49
			-5
			137
			-258
			-230
			43
			43
			57
			55
			21
			21
			87
			-408
			-56
			45
			3
			30
			8
			11
			3
			-28
			-12

			4
			13
			-6
			-1
			-42
			-3
			-72
			-11
			-344
			-21
			-142
			-545
			-3,036
			4
			27
			15
			36
			24
			3
			12
			74
			-27
			21
			571
			32
			21
			16
			177
			88
			-53
			-33
			-3
			-5
			-20
			6
			4
			7
			102
			2
			187
			6
			57
			125
			-182
			-322
			-815
			-1,277
			16
			25
			6
			36
			22
			3
			10
			53
			-276
			-1
			114
			1
			-42
			-13
			-9
			-6
			1
			1
			3
			4
			45
			21
			65
			65
			204
			302
			8
			27
			-323
			-9
			-148
			-802
			9
			38
			8
			36
			12
			8
			30
			6
			-523
			-14
			94
			9
			-20
			-1
			38
			83
			-23
			-5
			1

			-3
			-56
			-22
			-2
			9
			-135
			-11
			-34
			-278
			-8
			-430
			-305
			-7,523
			-2,123
			8
			60
			53
			63
			43
			37
			15
			92
			62
			37
			818
			3
			22
			19
			255
			205
			87
			86
			171
			58
			165
			-39
			-15
			-2
			125
			-213
			-79
			-1
			204
			2
			-593
			-1,048
			1,244
			5
			-6
			-56
			-6
			23
			1
			4
			463
			367
			546
			535
			714
			1,840
			1,692
			7,154
			-256
			-963
			51
			-779
			-470
			460
			-599
			-141
			-38
			14
			569
			346
			-388
			-666
			-87
			-8
			-4,067
			-948
			-4,561
			-14
			-2,381
			-44
			-8,098
			-4,381
			-1,092
			-314
			461
			9
			661
			544
			69
			40
			233
			1
			-160
			218
			93
			94
			109
			72
			58
			25
			155
			-71
			42
			757
			-8
			-19
			-89
			-19
			22
			-41
			-37
			-2
			46
			19
			63
			28
			135
			30
			-142
			-63
			-2
			-447
			-63
			-1,309
			-1,988
			5
			18
			11
			21
			17
			7
			6
			40
			-455
			-24
			-36
			45
			38
			4
			26
			-15
			-15
			4
			9
			11
			8
			5
			25
			27
			78
			-49
			-500
			-32
			-98
			-6,107
			-78
			-870
			13
			68
			21
			72
			48
			127
			23
			48
			11
			539
			13
			16
			10
			19
			78
			157
			-54
			-38
			-3
			-3
			7
			-4
			2
			2
			97
			64
			4
			-71
			-38
			-154
			-369
			-1,557
			-2,620
			11
			22
			9
			33
			18
			20
			6
			34
			-269
			-3
			143
			-8
			-48
			-18
			6
			21
			16
			2
			3
			21
			11
			37
			47
			148
			220

			58
			6
			-228
			3
			-53
			-1
			-1
			561
			8
			69
			57
			68
			49
			25
			140
			156
			650
			2
			15
			-43
			-8
			50
			-46
			-28
			-4
			-5
			28
			56
			28
			126
			20
			198
			-16
			36
			3
			-460
			-9
			-13
			-597
			-653
			7
			1,941
			850
			1,080
			2,964
			249
			2,107
			3,362

			-2,634
			-2,932
			-25
			60
			3
			-18
			-30
			9
			-19
			721
			-1,056
			-68
			1,087
			427
			354
			-25
			-18
			-1,583
			-35
			-83
			-125
			-261
			-926
			-74
			58
			-566
			-339
			-237
			-1
			26
			-124
			88
			8
			2,606
			1,737
			6
			-289
			-1,013
			-1,181
			340
			285
			544
			10
			-688
			-95
			-327
			-216
			132
			-266
			188
			169
			725
			45
			342
			97
			1,120
			75

			3
			17
			134
			-485
			742
			682
			690
			678
			626
			544
			427
			430
			205
			313
			317
			-135
			65
			420
			-676
			207
			251
			-361
			34
			35
			-152
			1,183
			1,078
			1,051
			261,960
			356,657
			4
			-89
			-164
			-467
			-60
			9
			1
			6
			30
			-72
			14
			-127
			-45
			-69
			-52
			-160
			-83
			-186
			-124
			-59
			25
			-48
			-3
			-321
			-262
			-41
			-14
			-783
			-1
			-930
			-42
			-411
			-70
			-117
			-60
			-4
			-157
			-147
			4
			26
			11
			-145
			-392
			-20
			-43
			-8
			-34

			38
			-39
			-123
			-22
			-1,425
			-251
			-1,059
			-1,214
			-257
			-375
			-2,757
			-3,724
			-2,481
			-1,213
			-102
			-5,192
			-27
			-859
			-688
			-617
			-544
			-45
			-1,206
			-306
			50
			-109
			-12
			316
			256
			439
			354
			433
			-1,192
			-49
			829
			-189
			-715
			-792
			70
			90
			524
			-813
			-330
			-377
			-5
			-21
			-1,714
			-394
			-1,895
			-973
			-6
			-3,741
			-4,228
			-582
			-4,322
			-59
			-11
			298
			-12

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	607,603
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 . . . . . . . . . . . . .		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? Yes No

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))
2009	186,595	4,430,454	0.042116
2008	61,415	3,383,717	0.01815
2007	285,375	5,147,957	0.055435
2006	268,408	5,349,908	0.050171
2005	210,345	4,723,370	0.044533

2	Total of line 1, column (d) ......................	2	0.210405
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	0.042081
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	5,451,123
5	Multiply line 4 by line 3.......................	5	229,388
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	7,148
7	Add lines 5 and 6.........................	7	236,536
8	Enter qualifying distributions from Part XII, line 4..............	8	159,172
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 (2010)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	14,297
	hereand 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	0
3	Add lines 1 and 2............................	3	14,297
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	14,297
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	2,923
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	16,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,923
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	223
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,403
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax4,403	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

FIFTH THIRD BANK Telephone no. bullet

(616) 653-5266

Located at bullet

111 LYON ST NWGRAND RAPIDSMI ZIP+4 bullet

49503

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2010, 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? .................

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 (2010)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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 2010?.............

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)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2010 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 2010.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2010?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2010)

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
JANE N WELCH	PRESIDENT 1	0
732 ST GEORGES CT NAPLES,FL34110	PRESIDENT 1	0
CHARLES B WELCH	TREASURER 1	0
2800 N ORCHARD ST UNIT 403 CHICAGO,IL60657	TREASURER 1	0
THOMAS BRAD WELCH	VICE PRESIDENT 1	0
7379 THORNAPPLE PINES DR SE GRAND RAPIDS,MI49546	VICE PRESIDENT 1	0
ELIZABETH WELCH LYKINS	SECRETARY 1	0
955 CAMBRIDGE SE GRAND RAPIDS,MI49506	SECRETARY 1	0
JOHN WELCH	TRUSTEE 1	0
1792 NE 22ND AVE JENSEN BEACH,FL34957	TRUSTEE 1	0

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...................				0

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
NONE

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 (2010)

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


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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,534,135

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

5,534,135

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

5,534,135

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

83,012

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

5,451,123

Minimum investment return. Enter 5% of line 5...................

272,556

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

272,556

Tax on investment income for 2010 from Part VI, line 5......

14,297

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

14,297

Distributable amount before adjustments. Subtract line 2c from line 1............

258,259

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

258,259

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

258,259

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

159,172

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

159,172

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

159,172

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 (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7					258,259
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				0
b Total for prior years:2008, 20, 20			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	0
b From 2006.......	0
c From 2007.......	18,979
d From 2008.......	0
e From 2009.......	0
fTotal of lines 3a through e.........		18,979
4Qualifying distributions for 2010 from Part
XII, line 4: $ 159,172
a Applied to 2009, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2010 distributable amount.....					159,172
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		18,979			18,979
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					80,108
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) ...........		0
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2006....	0
b Excess from 2007....	0
c Excess from 2008....	0
d Excess from 2009....	0
e Excess from 2010....	0

Form 990-PF (2010)

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 2010, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2010)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BAXTER COMMUNITY CENTER 935 BAXTER ST SE GRAND RAPIDS,MI49503	NONE	501(C)(3)	OPENING DOORS PROGRAM SUPPORT	5,000
DA BLODGETT SERVICES FOR CHILDREN 805 LEONARD ST NE GRAND RAPIDS,MI49503	NONE	501(C)(3)	UNRESTRICTED GIFT	5,000
CAMP HENRY 47 JEFFERSON AVE SE GRAND RAPIDS,MI49503	NONE	501(C)(3)	UNRESTRICTED GIFT	5,000
HOME REPAIR SERVICES 1100 S DIVISION AVE GRAND RAPIDS,MI49507	NONE	501(C)(3)	MAKING IT HOME AUCTION	5,000
CHERRY ST HEALTH SERVICES 540 CHERRY ST SE GRAND RAPIDS,MI49503	NONE	501(C)(3)	HEART OF CITY CAMPAIGN	50,000
MSU COLLEGE OF HUMAN MEDICINE 1000 MONROE AVE GRAND RAPIDS,MI49503	NONE	501(C)(3)	CAPITAL CAMPAIGN	5,000
GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS 3035 PRAIRIE ST GRANDVILLE,MI49418	NONE	501(C)(3)	GENERAL CONTRIBUTION	5,000
ST MARY'S EPISCOPAL CHURCH 9801 BONITA BEACH BONITA SPRINGS,FL34135	NONE	501(C)(3)	GENERAL DONATION	2,500
WEST MICHIGAN CENTER FOR ARTS & TECHNOLOGY 98 E FULTON ST GRAND RAPIDS,MI49503	NONE	501(C)(3)	CAPITAL CAMPAIGN FUND	70,000
MISSION ARLINGTON MISSION METROPLEX INC 210 W SOUTH STREET ARLINGTON,TX76010	NONE	501(C)3	CHARITABLE CONTRIBUTION	3,500
Total ................................. 3a				156,000

bApproved for future payment

Total .................................. 3b

Form 990-PF (2010)

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				0	23
4 Dividends and interest from securities....				0	127,533
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				0	607,603
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)..				0	735,159

13Total. Add line 12, columns (b), (d), and (e)...................

13735,159

(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.	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.)
4	INVESTMENT INCOME EARNED BY THIS TRUST
8	IS USED TO MAKE CHARITABLE CONTRIBUTIONS.
3	.

Form 990-PF (2010)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
DOUBLELINE FDS TOTAL RETURN BD	AT COST	50,168	50,956
FPA CRESCENT PORTFOLIO-I	AT COST	55,067	52,587
GOLDMANSACHS CORE FIXED INCOME	AT COST	177,550	181,622
ISHARES 1-3 YEAR TREASURY BD	AT COST	31,619	31,798
PIMCO TOTAL RETURN FUND	AT COST	185,613	173,216
PIMCO REAL RETURN FUND	AT COST	48,505	50,478
PIMCO HIGH YIELD FUND	AT COST	66,498	62,483
T ROWE HIGH YIELD FD	AT COST	46,373	43,564
SPDR BARCLAYS CAP HIGH YIELD	AT COST	24,812	23,849
TCW FDS EMERG MKTS INCOME FD	AT COST	79,885	72,622
THIRD AVE TR INVS	AT COST	58,463	51,224
VANGUARD BD INDX FD INC	AT COST	137,147	138,658
VAGUARD BD TOTAL BD MKT ETF	AT COST	763,587	768,063
AMERICAN FD CAPITAL WORLD	AT COST	72,952	59,317
ISHARES TR DOW JONES SELECT	AT COST	36,548	33,141
ISHARES S&P GLOBAL TELECOMM	AT COST	20,108	20,417
ISHARES S&P GLBL TECH SECTOR	AT COST	20,632	20,876
ISHARES S&P GLOBAL HEALTHCARE	AT COST	20,514	20,880
ISHARES S&P GLBL FINLS SECTOR	AT COST	19,947	19,976
ISHARES TR S&P GLOBAL ENERGY	AT COST	20,381	19,543
ISHARES TR S&P NA TECH FD	AT COST	7,479	7,528
ISHARES RUSSELL 2000 INDX FD	AT COST	54,934	52,083
ISHARES TR S&P GL UTILITIES	AT COST	20,458	21,228
ISHARES TR S7P GL INDUSTRIALS	AT COST	20,176	20,016
ISHARES S&P 500 GL CONS STAPLE	AT COST	20,375	20,547
ISHARES S&P 500 GL CONS DISC	AT COST	20,517	20,698
PARNASSUS FD	AT COST	50,633	43,899
RIDGEWORTH FDS MIDCAP VAL EQ	AT COST	58,463	43,719
SPDR KBW BANK ETF	AT COST	12,468	12,102
TOUCHSTONE FD GROUP FOCUSED EQ	AT COST	54,367	43,796
VANGUARD MSCI EMERG MKTS	AT COST	60,501	47,869
YACKTMAN FD FOCUSED FD	AT COST	55,009	55,190
AQR MANAGED FUTURES STR	AT COST	94,249	90,795
EATON VANCE MUT FD GLO MCBSR	AT COST	93,771	91,481
ISHARES TR S&P GLBL MAT	AT COST	20,317	18,288
JPMORGAN ALERIAN MLP INDX ETN	AT COST	36,020	32,415
MARKET VECTORS ETF	AT COST	17,480	17,274
THE MERGER FUND	AT COST	94,160	91,895
PIMCO FDS ADV TTL STRG D	AT COST	103,157	90,749
T ROWE PRICE NEW ERA FD	AT COST	42,840	36,266
SPDR GOLD TR	AT COST	26,632	29,399
TFS CAP INVT MKT NEUTRAL	AT COST	95,159	85,377
ING INTL REAL ESTATE CL W	AT COST	57,067	46,626
THIRD AVE REAL ESTATE VALUE FD	AT COST	29,726	25,362
VANGUARD REIT ETF	AT COST	29,289	26,045

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK SERVICE FEES	18,624	18,624	0
OTHER MISC INVESTMENT EXPENSES	202	202	0
OTHER MISC CHARITABLE EXPENSES	2,797	0	2,797

Category	Amount	Net Investment Income
FEDERAL EXCISE TAX - PRIOR YEA	2,700	0
FEDERAL EXCISE TAX ESTIMATE	1,910	0
FOREIGN TAXES ON QUALIFIED FOR	972	972
FOREIGN TAXES PAID - NQDI	150	150