Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
DR ALVIN & MONICA SAAKE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 894269   Room/suite
City or town, state, and ZIP code
MILILANI, HI96789
A Employer identification number

73-1671840
B Telephone number (see page 10 of the instructions)

(808) 381-1710
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,042,813J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 67,812 65,124 67,812
4 Dividends and interest from securities...... 63,949 62,755 63,949
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 45,843
b Gross sales price for all assets on line 6a 1,789,355
7 Capital gain net income (from Part IV, line 2)... 1,224
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,801 3,801 3,801
12 Total. Add lines 1 through 11........ 181,405 132,904 135,562
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 9,000   27,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,208 3,208    
c Other professional fees (attach schedule).... Click to see attachment 21,346 21,346    
17 Interest............... 5,740 5,740    
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 47 47    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,600 1,600    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,941 40,941   27,000
25 Contributions, gifts, grants paid........ 139,100 139,100
26 Total expenses and disbursements. Add lines 24 and 25 207,041 40,941   166,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -25,636
b Net investment income (if negative, enter -0-) 91,963
c Adjusted net income (if negative, enter -0-)... 135,562
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 4,898 5,395 5,395
2 Savings and temporary cash investments.......... 429,444 202,779 202,779
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 982,702 Click to see attachment970,600 970,801
b Investments—corporate stock (attach schedule)........ 1,385,752 Click to see attachment1,688,855 1,688,854
c Investments—corporate bonds (attach schedule)........ 280,436 Click to see attachment174,984 174,984
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,083,232 3,042,613 3,042,813
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,083,232 3,042,613
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,083,232 3,042,613
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,083,232 3,042,613
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 3,083,232
2 Enter amount from Part I, line 27a..................... 2 -25,636
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,057,596
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 14,983
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,042,613
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,224
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 191,017 3,082,519 0.061968
2009 191,428 2,958,857 0.064697
2008 195,154 3,184,076 0.061291
2007 105,000 3,286,480 0.031949
2006 139,903 3,186,139 0.043910
2 Total of line 1, column (d) ...................... 2 0.263815
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 0.052763
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 3,076,413
5 Multiply line 4 by line 3....................... 5 162,321
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 920
7 Add lines 5 and 6......................... 7 163,241
8 Enter qualifying distributions from Part XII, line 4.............. 8 166,100
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 920
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 920
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 920
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,100
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 275
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,375
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 455
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet455 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletHI
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTATSUGUCHI CPA LLC Telephone no.bullet (808) 589-2100
    Located atbullet1314 S KING ST STE 662HONOLULUHI ZIP+4bullet96814
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    DENNIS X CHAIClick to see attachment PRESIDENT
    5.00     		12,000 0 0
    46-306 KUPALE ST
    KANEOHE,HI96744
    ARTHUR Y SHIDAClick to see attachment VP & TREAS
    5.00     		12,000 0 0
    1611 KUHILANI ST
    HONOLULU,HI96821
    BART M KOZAClick to see attachment SECRETARY
    5.00     		12,000 0 0
    PO BOX 894269
    MILILANI,HI96789
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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 UNIVERSITY OF HAWAII FOUNDATION - SEE PART XV (PAGE 11) FOR THE VARIOUS UH PROGRAMS/DEPARTMENTS THAT BENEFITED. 118,000
    2 COLLEGE SCHOLARSHIPS FUNDED BY THE FOUNDATION BUT DISBURSED BY THE HAWAII COMMUNITY FOUNDATION. SEE PART XV (PAGE 11) FOR ADDITIONAL EXPLANATION. 21,300
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,005,122
    b
    Average of monthly cash balances.......................
    1b
    118,140
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,123,262
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,123,262
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    46,849
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,076,413
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    153,821
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    153,821
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    920
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    920
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    152,901
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    152,901
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    152,901
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    166,100
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    166,100
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    920
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    165,180
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 152,901
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009....... 24,511
    e From 2010....... 38,957
    fTotal of lines 3a through e......... 63,468
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 166,100
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 152,901
    e Remaining amount distributed out of corpus 13,199
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 76,667
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		76,667
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009.... 24,511
    d Excess from 2010.... 38,957
    e Excess from 2011.... 13,199
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DR ALVIN MONICA SAAKE FOUNDATION
    C/O HAWAII COMMUNITY FOUNDATION
    1164 BISHOP ST STE 800
    HONOLULU,HI96813
    (808) 537-6333
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS MUST SUBMIT THEIR COLLEGE AND/OR GRADUATE TRANSCRIPTS AND THEIR PERSONAL STATEMENT.
    cAny submission deadlines:
    APPLICATIONS ARE DUE MARCH 31ST EVERY YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANT MUST BE A JUNIOR, SENIOR OR GRADUATE STUDENT WITH A GPA OF 3.0 OR HIGHER. THE MUST HAVE A FINANCIAL NEED AND BE STUDYING IN THE AREAS OF KINESIOLOGY AND PHYSICAL SCIENCES (E.G., PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, SPORTS MEDICINE & ETC.).
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HAWAII COMMUNITY FOUNDATI
    1164 BISHOP ST STE 800
    HONOLULU,HI96813     		NONE PUBLIC CHARI DISBURSEMENT OF SCHOLARSHIPS 21,100
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI MANOA STRENGTH & CONDITIONING ROOM 8,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI HEALTH PHYSICAL EDUCATION & RECREATI 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI WARRIOR GOLF BOOSTER CLUB FUND 2,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI INTRAMURAL SPORTS PROGRAM 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI AHAHUI KOA ANUENUE DEVELOPMENT SUPPO 4,500
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC DIRECTOR'S FUND 22,500
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC TRAINING ROOM 40,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI LETTERWINNERS' CLUB FUND 4,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI MEN'S BASKETBALL PROGRAM 27,000
    Total .................................bullet 3a 139,100
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 67,812  
    4 Dividends and interest from securities....     14 63,949  
    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.....     14 3,801  
    8Gain or (loss) from sales of assets other than inventory     14 45,843  
    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)..   181,405  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13181,405
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 3,208 3,208    

    TY 2011 CompensationExplanation
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Person Name Explanation
    DENNIS X CHAI  
    ARTHUR Y SHIDA  
    BART M KOZA  

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    22 SH - COSTCO WHSL CORP NEW COM 2004-01 PURCHASE 2011-08   1,708 801     907  
    80 SH - MOODY'S CORP 2004-01 PURCHASE 2011-02   2,399 2,432     -33  
    135 SH - PFIZER INCORPORATED 2009-03 PURCHASE 2011-09   2,430 1,701     729  
    50 SH - PFIZER INCORPORATED 2010-01 PURCHASE 2011-09   900 996     -96  
    55 SH - PROCTER & GAMBLE CO 2006-05 PURCHASE 2011-07   3,552 3,062     490  
    24 SH - PROCTER & GAMBLE CO 2009-08 PURCHASE 2011-07   1,550 1,271     279  
    38 SH - TYCO INTERNATIONAL LTD SHS 2006-09 PURCHASE 2011-04   1,868 1,601     267  
    120000 SH - US TREASURY BILLDUE 09/ 2011-03 PURCHASE 2011-05   119,984 119,919     65  
    120000 SH - US TREASURY BILLDUE 09/ 2011-05 PURCHASE 2011-09   119,983 119,983        
    23000 SH - US TREASURY BILLDUE 08/1 2011-05 PURCHASE 2011-07   23,000 22,998     2  
    40000 SH - US TREASURY NOTESCPN 2.3 2010-08 PURCHASE 2011-02   38,819 40,781     -1,962  
    19000 SH - US TREASURY NOTESCPN 2.3 2010-08 PURCHASE 2011-02   18,439 19,402     -963  
    5000 SH - US TREASURY NOTESCPN 2.37 2010-12 PURCHASE 2011-02   4,852 4,953     -101  
    25000 SH - US TREASURY NOTESCPN 2.5 2010-08 PURCHASE 2011-02   24,400 25,850     -1,450  
    5000 SH - US TREASURY NOTESCPN 2.37 2010-04 PURCHASE 2011-02   5,119 4,979     140  
    10000 SH - US TREASURY NOTESCPN 2.3 2010-04 PURCHASE 2011-02   10,238 10,030     208  
    5000 SH - US TREASURY NOTESCPN 2.37 2010-06 PURCHASE 2011-02   5,119 5,161     -42  
    5000 SH - US TREASURY NOTESCPN 2.37 2010-08 PURCHASE 2011-02   5,119 5,245     -126  
    10000 SH - US TREASURY NOTESCPN 2.3 2010-09 PURCHASE 2011-02   10,238 10,443     -205  
    15000 SH - US TREASURY NOTESCPN 2.3 2010-10 PURCHASE 2011-02   15,356 15,814     -458  
    10000 SH - US TREASURY NOTESCPN 2.3 2010-12 PURCHASE 2011-02   10,238 10,379     -141  
    15000 SH - US TREASURYINFLATION IND 2010-07 PURCHASE 2011-04   16,681 16,736     -55  
    8000 SH - FHLMC GOLD PASS THRUPOOL 2008-10 PURCHASE 1971-10   5,051 4,646     405  
    10000 SH - FNMA PASS THRUPOOL AD044 2010-01 PURCHASE 2011-02   7,471 7,579     -108  
    57000 SH - FNMA PASS THRUPOOL 88957 2008-10 PURCHASE 2011-02   24,157 22,553     1,604  
    55000 SH - FNMA PASS THRUPOOL 88957 2008-10 PURCHASE 2011-02   23,310 22,355     955  
    25000 SH - FNMA PASS THRUPOOL 88957 2009-01 PURCHASE 2011-02   10,613 10,765     -152  
    5000 SH - FNMA PASS THRUPOOL 889579 2009-01 PURCHASE 2011-02   2,123 2,130     -7  
    17000 SH - FNMA PASS THRUPOOL 88957 2009-07 PURCHASE 2011-02   7,217 7,414     -197  
    48000 SH - FNMA PASS THRU POOL 9300 2008-10 PURCHASE 2011-02   14,948 14,773     175  
    53000 SH - FNMA PASS THRUPOOL 88969 2008-10 PURCHASE 2011-02   23,741 23,110     631  
    23000 SH - FNMA PASS THRUPOOL 19039 2009-04 PURCHASE 2011-02   10,344 10,602     -258  
    28000 SH - FNMA PASS THRUPOOL 19039 2009-05 PURCHASE 2011-02   12,592 12,665     -73  
    4000 SH - FNMA PASS THRUPOOL 190391 2009-01 PURCHASE 2011-02   1,799 1,845     -46  
    16000 SH - FNMA PASS THRUPOOL 88033 2008-12 PURCHASE 2011-02   6,318 6,106     212  
    70000 SH - US TREASURYINFLATION IND 2009-03 PURCHASE 2011-04   77,844 76,449     1,395  
    5000 SH - US TREASURYINFLATION INDE 2009-07 PURCHASE 2011-04   5,560 5,519     41  
    10000 SH - US TREASURY NOTESCPN 4.0 2009-09 PURCHASE 2011-02   10,980 10,735     245  
    15000 SH - US TREASURY NOTESCPN 4.0 2009-09 PURCHASE 2011-02   16,470 16,061     409  
    15000 SH - US TREASURY NOTESCPN 4.0 2009-10 PURCHASE 2011-02   16,470 16,273     197  
    10000 SH - US TREASURY NOTESCPN 4.0 2009-10 PURCHASE 2011-02   10,980 10,734     246  
    5000 SH - US TREASURY NOTESCPN 4.00 2009-12 PURCHASE 2011-02   5,490 5,310     180  
    85000 SH - BANK INDIA CD 2010-05 PURCHASE 2011-03   85,000 85,000        
    41000 SH - BANK OF CHINA CD 2011-01 PURCHASE 2011-07   41,000 41,000        
    45000 SH - BANK OF CHINA CD 2011-03 PURCHASE 2011-12   45,000 45,000        
    30000 SH - BANK OF CHINA CD 2011-03 PURCHASE 2011-10   30,000 30,000        
    43000 SH - BANK OF CHINA CD 2011-04 PURCHASE 2011-10   43,000 43,000        
    37000 SH - BANK OF CHINA CD 2011-03 PURCHASE 2011-07   37,000 37,000        
    40000 SH - BANK OF CHINA CD 2011-03 PURCHASE 2011-09   40,000 40,000        
    46000 SH - BEAL BANK CD 2010-06 PURCHASE 2011-03   46,000 46,000        
    2000 SH - BEAL BANK CD 2010-09 PURCHASE 2011-05   1,995 2,000     -5  
    88000 SH - BEAL BANK CD 2010-09 PURCHASE 2011-05   88,000 88,000        
    69000 SH - STATE BANK OF INDIA CD 2010-09 PURCHASE 2011-03   69,000 69,000        
    27000 SH - AMERICAN INTL GROUP NOTES 2009-08 PURCHASE 2011-10   27,000 27,000        
    25000 SH - DAIMLERCHRYLSER NA HLDG G 2009-03 PURCHASE 2011-01   25,000 25,000        
    50000 SH - M&I MARSHALL & ILSLEY BAN 2009-07 PURCHASE 2011-09   50,000 50,000        
    72000 SH - MARSHALL & ILSLEY CORP NO 2009-10 PURCHASE 2011-04   72,000 72,000        
    37000 SH - SALLIE MAE BANK CD 2009-02 PURCHASE 2011-02   37,000 37,000        
    30 SH - AFLAC INC 2010-09 PURCHASE 2011-02   1,723 1,569     154  
    25 SH - AFLAC INC 2010-12 PURCHASE 2011-02   1,436 1,392     44  
    35 SH - ALBEMARLE CORP 2011-02 PURCHASE 2011-02   1,976 2,036     -60  
    40 SH - AMERIPRISE FINANCIAL INC 2010-11 PURCHASE 2011-02   2,537 2,190     347  
    65 SH - ARCHER-DANIELS-MIDLND CO 2010-08 PURCHASE 2011-02   2,370 1,998     372  
    50 SH - AUTOMATIC DATA PROCESSING 2011-01 PURCHASE 2011-02   2,446 2,377     69  
    65 SH - BEMIS CO INC 2010-10 PURCHASE 2011-02   2,119 2,189     -70  
    1 SH - CATERPILLAR INC 2010-06 PURCHASE 2011-02   1,011 657     354  
    25 SH - CATERPILLAR INC 2010-07 PURCHASE 2011-02   2,527 1,607     920  
    55 SH - COMMERCE BANCSHARES INC 2010-12 PURCHASE 2011-02   2,180 2,187     -7  
    59 SH - COMMERCE BANCSHARES INC 2011-02 PURCHASE 2011-07   2,516 2,388     128  
    67 SH - CORPORATE OFFICE PPTYS REITT 2011-02 PURCHASE 2011-11   1,321 2,346     -1,025  
    69 SH - ELI LILLY & CO 2011-02 PURCHASE 2011-11   2,505 2,374     131  
    15 SH - EXXON MOBIL CORP 2010-08 PURCHASE 2011-02   1,285 926     359  
    55 SH - GLAXOSMITHKLLNE PLC-ADR 2010-11 PURCHASE 2011-02   2,100 2,168     -68  
    55 SH - HASBRO INC 2011-02 PURCHASE 2011-02   2,422 2,468     -46  
    50 SH - HELMERICH & PAYNE INC 2010-06 PURCHASE 2011-02   3,121 2,130     991  
    45 SH - ILLINOIS TOOL WORKS INC 2010-03 PURCHASE 2011-02   2,398 2,091     307  
    15 SH - ILLINOIS TOOL WORKS INC 2010-04 PURCHASE 2011-02   799 778     21  
    20 SH - JOHNSON & JOHNSON 2010-11 PURCHASE 2011-02   1,206 1,287     -81  
    48 SH - MARATHON OIL CORP 2011-02 PURCHASE 2011-07   1,602 1,421     181  
    24 SH - MARATHON PETROLEUM CORP 2011-02 PURCHASE 2011-07   1,005 962     43  
    30 SH - MCDONALDS CORP 2010-04 PURCHASE 2011-02   2,246 2,134     112  
    15 SH - MCDONALDS CORP 2010-09 PURCHASE 2011-02   1,123 1,126     -3  
    35 SH - NORFOLK SOUTHERN CORP 2010-11 PURCHASE 2011-02   2,230 2,138     92  
    10 SH - PEPSICO INCORPORATED 2010-06 PURCHASE 2011-02   629 626     3  
    10 SH - POLARIS INDS INC 2011-02 PURCHASE 2011-07   1,156 757     399  
    5 SH - PROCTER & GAMBLE CO 2010-06 PURCHASE 2011-02   316 307     9  
    20 SH - PROCTER & GAMBLE CO 2010-07 PURCHASE 2011-02   947 886     61  
    20 SH - ROYAL DUTCH SHELL PLC ADR CL 2010-06 PURCHASE 2011-02   1,430 1,089     341  
    20 SH - TARGET CORP 2010-05 PURCHASE 2011-02   1,028 1,057     -29  
    40 SH - TEXAS INSTRUMENTS INC 2010-11 PURCHASE 2011-02   1,425 1,249     176  
    25 SH - TIFFANY & CO NEW 2010-10 PURCHASE 2011-02   1,596 1,261     335  
    15 SH - V F CORPORATION 2010-07 PURCHASE 2011-02   1,436 1,190     246  
    10 SH - V F CORPORATION 2010-08 PURCHASE 2011-02   957 734     223  
    60 SH - ANALOG DEVICES INC 2007-09 PURCHASE 2011-02   2,370 2,206     164  
    10 SH - ANALOG DEVICES INC 2007-09 PURCHASE 2011-02   395 366     29  
    10 SH - AT & T INC 2005-07 PURCHASE 2011-02   277 239     38  
    50 SH - AT & T INC 2005-09 PURCHASE 2011-02   1,386 1,186     200  
    20 SH - BECTON DICKINSON & CO 2008-11 PURCHASE 2011-02   1,585 1,351     234  
    15 SH - BECTON DICKINSON & CO 2009-06 PURCHASE 2011-02   1,189 1,046     143  
    40 SH - CHUBB CORP 2009-09 PURCHASE 2011-01   2,383 1,955     428  
    40 SH - CULLEN FROST BANKERS INC 2009-12 PURCHASE 2011-02   2,338 1,959     379  
    20 SH - CULLEN FROST BANKERS INC 2010-01 PURCHASE 2011-02   1,169 1,046     123  
    45 SH - DANAHER CORP 2008-10 PURCHASE 2011-02   2,234 1,271     963  
    10 SH - DANAHER CORP 2010-01 PURCHASE 2011-02   496 384     112  
    55 SH - EMERSON ELECTRIC CO 2005-06 PURCHASE 2011-02   3,261 1,794     1,467  
    25 SH - EOG RESOURCES INC 2009-11 PURCHASE 2011-02   2,801 2,228     573  
    45 SH - EXXON MOBIL CORP 2005-06 PURCHASE 2011-02   3,855 2,609     1,246  
    20 SH - FRANKLIN RESOURCES INC 2009-12 PURCHASE 2011-02   2,480 2,151     329  
    5 SH - FRANKLIN RESOURCES INC 2010-01 PURCHASE 2012-02   620 553     67  
    40 SH - INTEL CORP 2008-05 PURCHASE 2011-02   872 940     -68  
    45 SH - INTEL CORP 2008-05 PURCHASE 2011-02   958 1,057     -99  
    40 SH - INTEL CORP 2009-10 PURCHASE 2011-02   851 798     53  
    30 SH - INTERNATIONAL BUSINESS MACHI 2005-06 PURCHASE 2011-02   4,784 2,240     2,544  
    5 SH - JOHNSON & JOHNSON 2005-06 PURCHASE 2011-02   301 333     -32  
    20 SH - JOHNSON & JOHNSON 2007-01 PURCHASE 2011-02   1,206 1,356     -150  
    75 SH - MICROSOFT CORP 2009-04 PURCHASE 2011-02   2,018 1,394     624  
    50 SH - MICROSOFT CORP 2009-04 PURCHASE 2011-02   1,345 999     346  
    15 SH - MICROSOFT CORP 2009-06 PURCHASE 2011-02   404 331     73  
    25 SH - OCCIDENTAL PETE CORP 2010-02 PURCHASE 2011-02   2,600 2,041     559  
    45 SH - PEPSICO INCORPORATED 2005-06 PURCHASE 2011-02   2,831 2,493     338  
    20 SH - PRAXAIR INC 2003-12 PURCHASE 2011-02   1,941 724     1,217  
    35 SH - PROCTER & GAMBLE CO 2010-02 PURCHASE 2011-02   2,209 2,160     49  
    35 SH - QUALCOMM INC 2009-04 PURCHASE 2011-02   2,012 1,496     516  
    25 SH - QUALCOMM INC 2009-10 PURCHASE 2011-02   1,437 1,060     377  
    25 SH - ROYAL DUTCH SHELL PLC ADR CL 2009-02 PURCHASE 2011-02   1,788 1,239     549  
    10 SH - ROYAL DUTCH SHELL PLC ADR CL 2009-06 PURCHASE 2011-02   715 546     169  
    25 SH - T ROWE PRICE GROUP INC 2006-07 PURCHASE 2011-02   1,670 1,033     637  
    15 SH - T ROWE PRICE GROUP INC 2009-03 PURCHASE 2011-02   1,002 385     617  
    45 SH - TARGET CORP 2009-07 PURCHASE 2011-02   2,314 1,743     571  
    85 SH - TEXAS INSTRUMENTS INC 2010-02 PURCHASE 2011-02   3,029 2,076     953  
    50 SH - T JX COS INC NEW 2008-11 PURCHASE 2011-02   2,468 1,112     1,356  
    20 SH - UNITED TECHNOLOGIES CORP 2006-08 PURCHASE 2011-02   1,661 1,231     430  
    20 SH - UNITED TECHNOLOGIES CORP 2007-01 PURCHASE 2011-02   1,661 1,300     361  
    20 SH - 3M CO 2007-10 PURCHASE 2011-02   1,809 1,714     95  
    10 SH - 3M CO 2009-10 PURCHASE 2011-02   904 781     123  
    40 SH - BIOMED REALTY TRUST INC 2010-08 PURCHASE 2011-02   714 742     -28  
    16 SH - BIOMED REALTY TRUST INC 2010-08 PURCHASE 2011-02   286 278     8  
    21 SH - BIOMED REALTY TRUST INC 2010-08 PURCHASE 2011-02   375 358     17  
    22 SH - BIOMED REALTY TRUST INC 2010-09 PURCHASE 2011-02   393 398     -5  
    20 SH - BIOMED REALTY TRUST INC 2010-10 PURCHASE 2011-02   357 377     -20  
    8 SH - BRE PROPERTIES INC REIT 2011-02 PURCHASE 2011-07   430 364     66  
    5 SH - BRE PROPERTIES INC REIT 2011-02 PURCHASE 2011-08   240 227     13  
    10 SH - BRE PROPERTIES INC REIT 2011-02 PURCHASE 2011-08   479 454     25  
    4 SH - BRE PROPERTIES INC REIT 2011-02 PURCHASE 2011-09   198 182     16  
    22 SH - CBL & ASSOC PROPERTIES REIT 2010-10 PURCHASE 2011-01   380 317     63  
    38 SH - CBL & ASSOC PROPERTIES REIT 2010-10 PURCHASE 2011-03   650 547     103  
    54 SH - CBL & ASSOC PROPERTIES REIT 2010-10 PURCHASE 2011-03   923 809     114  
    8 SH - CORPORATE OFFICE PPTYS REITTR 2010-06 PURCHASE 2011-01   278 307     -29  
    10 SH - CORPORATE OFFICE PPTYS REITT 2010-06 PURCHASE 2011-02   359 383     -24  
    10 SH - CORPORATE OFFICE PPTYS REITT 2010-07 PURCHASE 2011-02   359 368     -9  
    9 SH - CORPORATE OFFICE PPTYS REITTR 2010-08 PURCHASE 2011-02   323 325     -2  
    63 SH - OCT INDUSTRIAL TRUST INC 2010-01 PURCHASE 2011-01   328 319     9  
    81 SH - OCT INDUSTRIAL TRUST INC 2010-05 PURCHASE 2011-01   421 415     6  
    6 SH - DDR CORP 2011-08 PURCHASE 2011-10   69 69        
    59 SH - DEVELOPERS DIVERSIFIED REIT 2010-12 PURCHASE 2011-01   789 793     -4  
    19 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-04   280 261     19  
    17 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-05   246 234     12  
    13 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-05   188 179     9  
    10 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-05   145 137     8  
    14 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-05   202 192     10  
    16 SH - DEVELOPERS DIVERSIFIED REIT 2011-03 PURCHASE 2011-05   225 220     5  
    13 SH - DOUGLAS EMMETT INC 2011-02 PURCHASE 2011-09   233 236     -3  
    22 SH - DOUGLAS EMMETT INC 2011-02 PURCHASE 2011-09   389 400     -11  
    12 SH - DOUGLAS EMMETT INC 2011-02 PURCHASE 2011-10   212 218     -6  
    7 SH - DOUGLAS EMMETT INC 2011-02 PURCHASE 2011-10   124 132     -8  
    9 SH - DOUGLAS EMMETT INC 2011-02 PURCHASE 2011-11   169 169        
    20 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-04   408 350     58  
    18 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-06   362 315     47  
    17 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-07   370 297     73  
    5 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-11   112 87     25  
    4 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-11   90 70     20  
    16 SH - HIGHWOODS PROPERTIES INC REI 2010-06 PURCHASE 2011-02   540 455     85  
    8 SH - HIGHWOODS PROPERTIES INC REIT 2010-06 PURCHASE 2011-04   274 228     46  
    2 SH - HIGHWOODS PROPERTIES INC REIT 2010-07 PURCHASE 2011-04   69 63     6  
    9 SH - HIGHWOODS PROPERTIES INC REIT 2010-07 PURCHASE 2011-04   305 286     19  
    3 SH - HIGHWOODS PROPERTIES INC REIT 2010-08 PURCHASE 2011-04   102 97     5  
    22 SH - HOME PROPERTIES INC 2010-10 PURCHASE 2011-01   1,192 1,185     7  
    6 SH - HOME PROPERTIES INC 2010-10 PURCHASE 2011-02   326 323     3  
    9 SH - HOME PROPERTIES INC 2010-11 PURCHASE 2011-02   489 485     4  
    6 SH - HOME PROPERTIES INC 2010-12 PURCHASE 2011-02   326 329     -3  
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    9 SH - KIMCO REALTY CORP REIT 2010-09 PURCHASE 2011-01   159 150     9  
    9 SH - KIMCO REALTY CORP REIT 2010-09 PURCHASE 2011-01   159 150     9  
    17 SH - KIMCO REALTY CORP REIT 2010-09 PURCHASE 2011-04   298 283     15  
    4 SH - KIMCO REALTY CORP REIT 2010-09 PURCHASE 2011-04   70 67     3  
    5 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-04   87 80     7  
    25 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-05   480 402     78  
    20 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-06   348 321     27  
    18 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-06   324 289     35  
    26 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-07   504 418     86  
    8 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-07   155 132     23  
    18 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-09   280 298     -18  
    8 SH - KIMCO REALTY CORP REIT 2010-10 PURCHASE 2011-10   118 136     -18  
    25 SH - LASALLE HOTEL PPTYS REIT COM 2010-04 PURCHASE 2011-02   669 666     3  
    5 SH - LASALLE HOTEL PPTYS REIT COM 2010-04 PURCHASE 2011-03   136 133     3  
    9 SH - LASALLE HOTEL PPTYS REIT COM 2010-05 PURCHASE 2011-03   245 203     42  
    7 SH - LASALLE HOTEL PPTYS REIT COM 2010-05 PURCHASE 2011-04   180 158     22  
    13 SH - LASALLE HOTEL PPTYS REIT COM 2010-12 PURCHASE 2011-04   335 331     4  
    10 SH - LIBERTY PROPERTY TRUST REIT 2010-04 PURCHASE 2011-03   330 338     -8  
    18 SH - LIBERTY PROPERTY TRUST REIT 2010-04 PURCHASE 2011-03   589 609     -20  
    1 SH - MARRIOTT INTL INC NEW CLA 2010-04 PURCHASE 2011-02   40 34     6  
    8 SH - MARRIOTT INTL INC NEW CLA 2010-04 PURCHASE 2011-02   322 300     22  
    1 SH - MARRIOTT INTL INC NEW CLA 2010-04 PURCHASE 2011-02   40 37     3  
    13 SH - MARRIOTT INTL INC NEW CLA 2010-05 PURCHASE 2011-02   518 437     81  
    19 SH - MARRIOTT INTL INC NEW CLA 2010-05 PURCHASE 2011-02   757 622     135  
    5 SH - MID-AMER APT COMMUNITIES REIT 2010-05 PURCHASE 2011-01   310 263     47  
    6 SH - MID-AMER APT COMMUNITIES REIT 2010-05 PURCHASE 2011-03   365 316     49  
    2 SH - MID-AMER APT COMMUNITIES REIT 2010-05 PURCHASE 2011-03   124 105     19  
    1 SH - MID-AMER APT COMMUNITIES REIT 2010-08 PURCHASE 2011-03   62 56     6  
    3 SH - MID-AMER APT COMMUNITIES REIT 2010-08 PURCHASE 2011-03   187 167     20  
    4 SH - MID-AMER APT COMMUNITIES REIT 2010-08 PURCHASE 2011-03   249 222     27  
    1 SH - MID-AMER APT COMMUNITIES REIT 2010-10 PURCHASE 2011-03   62 60     2  
    7 SH - NATIONAL RETAIL PPTYS INC 2010-06 PURCHASE 2011-01   178 150     28  
    33 SH - NATIONAL RETAIL PPTYS INC 2010-08 PURCHASE 2011-01   837 776     61  
    22 SH - NATIONAL RETAIL PPTYS INC 2010-10 PURCHASE 2011-01   558 582     -24  
    29 SH - NATIONAL RETAIL PPTYS INC 2010-10 PURCHASE 2011-01   736 782     -46  
    10 SH - NATIONWIDE HEALTH REIT PROPE 2010-06 PURCHASE 2011-02   430 360     70  
    5 SH - NATIONWIDE HEALTH REIT PROPER 2010-06 PURCHASE 2011-02   214 180     34  
    6 SH - NATIONWIDE HEALTH REIT PROPER 2010-08 PURCHASE 2011-02   257 229     28  
    21 SH - OMEGA HEALTHCARE REIT INVEST 2010-07 PURCHASE 2011-01   467 427     40  
    2 SH - OMEGA HEALTHCARE REIT INVESTO 2010-07 PURCHASE 2011-01   44 41     3  
    8 SH - OMEGA HEALTHCARE REIT INVESTO 2010-08 PURCHASE 2011-01   177 173     4  
    8 SH - OMEGA HEALTHCARE REIT INVESTO 2010-08 PURCHASE 2011-01   177 169     8  
    16 SH - OMEGA HEALTHCARE REIT INVEST 2010-10 PURCHASE 2011-01   353 368     -15  
    6 SH - PIEDMONT OFFICE RL TY TR INC 2010-02 PURCHASE 2011-01   118 102     16  
    12 SH - PIEDMONT OFFICE RL TY TR INC 2010-02 PURCHASE 2011-01   238 204     34  
    12 SH - PIEDMONT OFFICE RL TY TR INC 2010-03 PURCHASE 2011-01   238 240     -2  
    7 SH - PIEDMONT OFFICE RL TY TR INC 2010-03 PURCHASE 2011-02   139 140     -1  
    2 SH - PIEDMONT OFFICE RL TY TR INC 2010-04 PURCHASE 2011-02   40 40        
    15 SH - PIEDMONT OFFICE RL TY TR INC 2010-04 PURCHASE 2011-03   282 297     -15  
    4 SH - PIEDMONT OFFICE RL TY TR INC 2010-04 PURCHASE 2011-03   75 80     -5  
    15 SH - PIEDMONT OFFICE RL TY TR INC 2010-04 PURCHASE 2011-03   287 300     -13  
    24 SH - PIEDMONT OFFICE RL TY TR INC 2010-06 PURCHASE 2011-03   459 462     -3  
    10 SH - PLUM CREEK TIMBER CO INC DEP 2011-01 PURCHASE 2011-04   429 378     51  
    5 SH - PLUM CREEK TIMBER CO INC DEPO 2011-01 PURCHASE 2011-04   212 189     23  
    5 SH - PLUM CREEK TIMBER CO INC DEPO 2011-01 PURCHASE 2011-04   217 189     28  
    9 SH - PLUM CREEK TIMBER CO INC DEPO 2011-01 PURCHASE 2011-07   352 340     12  
    0.28887 SH - PROLOGIS INC 2010-09 PURCHASE 2011-06   10 8     2  
    0.0268 SH - PROLOGIS INC 2010-09 PURCHASE 2011-08   1 1        
    0.31245 SH - PROLOGIS INC 2010-10 PURCHASE 2011-06   11 8     3  
    0.15328 SH - PROLOGIS INC 2010-11 PURCHASE 2011-06   5 5        
    11 SH - PROLOGIS INC 2011-01 PURCHASE 2011-08   354 361     -7  
    0.02948 SH - PROLOGIS INC 2011-01 PURCHASE 2011-06   1 1        
    0.12674 SH - PROLOGIS INC 2011-03 PURCHASE 2011-06   4 4        
    43 SH - PROLOGIS TRUST REIT NEW 2010-01 PURCHASE 2011-01   681 543     138  
    33 SH - PROLOGIS TRUST REIT NEW 2010-02 PURCHASE 2011-01   522 430     92  
    10 SH - PROLOGIS TRUST REIT NEW 2010-02 PURCHASE 2011-01   150 130     20  
    30 SH - PROLOGIS TRUST REIT NEW 2010-02 PURCHASE 2011-01   450 368     82  
    25 SH - PROLOGIS TRUST REIT NEW 2010-02 PURCHASE 2011-01   375 312     63  
    7 SH - PROLOGIS TRUST REIT NEW 2010-04 PURCHASE 2011-01   105 97     8  
    4 SH - PS BUSINESS PKS INC CALIF 2011-01 PURCHASE 2011-05   226 236     -10  
    3 SH - PS BUSINESS PKS INC CALIF 2011-01 PURCHASE 2011-05   171 177     -6  
    3 SH - PUBLIC STORAGE INC REIT 2011-02 PURCHASE 2011-08   334 326     8  
    2 SH - PUBLIC STORAGE INC REIT 2011-02 PURCHASE 2011-11   255 218     37  
    4 SH - RAYONIER INC 2011-01 PURCHASE 2011-04   247 228     19  
    8 SH - RAYONIER INC 2011-01 PURCHASE 2011-04   518 455     63  
    4 SH - RAYONIER INC 2011-01 PURCHASE 2011-05   264 228     36  
    7 SH - RAYONIER INC 2011-01 PURCHASE 2011-07   453 398     55  
    32 SH - SENIOR HOUSING PROP TR REIT 2011-01 PURCHASE 2011-03   748 739     9  
    7 SH - SENIOR HOUSING PROP TR REIT 2010-08 PURCHASE 2011-03   164 162     2  
    5 SH - SL GREEN RL TY CORP REIT 2010-10 PURCHASE 2011-08   345 347     -2  
    4 SH - SL GREEN RL TY CORP REIT 2010-10 PURCHASE 2011-08   288 277     11  
    2 SH - SL GREEN RL TY CORP REIT 2010-10 PURCHASE 2011-09   131 139     -8  
    5 SH - SL GREEN RL TY CORP REIT 2010-10 PURCHASE 2011-09   327 347     -20  
    3 SH - SL GREEN RL TY CORP REIT 2010-10 PURCHASE 2011-09   183 208     -25  
    2 SH - SL GREEN RL TY CORP REIT 2010-11 PURCHASE 2011-09   122 129     -7  
    11 SH - STARWOOD HOTELS & RESORTS WO 2010-11 PURCHASE 2011-03   619 605     14  
    8 SH - STARWOOD HOTELS & RESORTS WOR 2010-11 PURCHASE 2011-03   450 472     -22  
    2 SH - STARWOOD HOTELS & RESORTS WOR 2010-11 PURCHASE 2011-06   105 118     -13  
    3 SH - STARWOOD HOTELS & RESORTS WOR 2011-02 PURCHASE 2011-06   157 188     -31  
    4 SH - STARWOOD HOTELS & RESORTS WOR 2011-02 PURCHASE 2011-06   216 251     -35  
    4 SH - STARWOOD HOTELS & RESORTS WOR 2011-02 PURCHASE 2011-09   158 251     -93  
    4 SH - STARWOOD HOTELS & RESORTS WOR 2011-02 PURCHASE 2011-12   181 251     -70  
    4 SH - TAUBMAN CENTERS INC REIT 2011-08 PURCHASE 2011-11   240 199     41  
    105 SH - UDR INC 2010-10 PURCHASE 2011-01   2,457 2,365     92  
    17 SH - UDR INC 2010-11 PURCHASE 2011-01   398 388     10  
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    0.0124 SH - VENTAS INC 2010-10 PURCHASE 2011-07   1 1        
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    0.00534 SH - VENTAS INC 2011-06 PURCHASE 2011-07              
    12 SH - WASHINGTON REAL ESTATE REIT 2010-05 PURCHASE 2011-02   368 342     26  
    12 SH - WASHINGTON REAL ESTATE REIT 2010-06 PURCHASE 2011-02   368 347     21  
    10 SH - WASHINGTON REAL ESTATE REIT 2010-07 PURCHASE 2011-02   307 275     32  
    3 SH - WASHINGTON REAL ESTATE REIT I 2010-07 PURCHASE 2011-03   90 83     7  
    9 SH - WASHINGTON REAL ESTATE REIT I 2010-08 PURCHASE 2011-03   271 278     -7  
    1 SH - WASHINGTON REAL ESTATE REIT I 2010-08 PURCHASE 2011-03   30 31     -1  
    16 SH - WASHINGTON REAL ESTATE REIT 2010-08 PURCHASE 2011-03   481 488     -7  
    5 SH - WASHINGTON REAL ESTATE REIT I 2010-08 PURCHASE 2011-03   150 154     -4  
    6 SH - WASHINGTON REAL ESTATE REIT I 2011-09 PURCHASE 2011-10   185 168     17  
    12 SH - WASHINGTON REAL ESTATE REIT 2010-10 PURCHASE 2011-10   370 325     45  
    9 SH - WEYERHAEUSER CO 2011-02 PURCHASE 2011-11   148 224     -76  
    6 SH - ACADIA REALTY TR REIT 2009-05 PURCHASE 2011-03   114 84     30  
    8 SH - ACADIA REALTY TR REIT 2009-07 PURCHASE 2011-03   152 99     53  
    2 SH - ALEXANDRIA REAL ESTATE REIT E 2009-05 PURCHASE 2011-01   153 66     87  
    2 SH - ALEXANDRIA REAL ESTATE REIT E 2009-05 PURCHASE 2018-02   157 69     88  
    2 SH - ALEXANDRIA REAL ESTATE REIT E 2009-05 PURCHASE 2018-02   159 69     90  
    1 SH - AVALON BAY COMMUNITIES REIT I 2011-02 PURCHASE 2011-07   132 44     88  
    1 SH - AVALON BAY COMMUNITIES REIT I 2009-02 PURCHASE 2011-07   132 43     89  
    4 SH - AVALON BAY COMMUNITIES REIT I 2009-02 PURCHASE 2011-08   486 170     316  
    1 SH - AVALON BAY COMMUNITIES REIT I 2009-02 PURCHASE 2011-08   119 43     76  
    1 SH - AVALON BAY COMMUNITIES REIT I 2009-02 PURCHASE 2011-08   119 75     44  
    1 SH - AVALON BAY COMMUNITIES REIT I 2009-10 PURCHASE 2011-09   132 75     57  
    4 SH - AVALON BAY COMMUNITIES REIT I 2009-10 PURCHASE 2011-09   509 299     210  
    2 SH - AVALON BAY COMMUNITIES REIT I 2009-10 PURCHASE 2011-09   254 140     114  
    2 SH - BOSTON PROPERTIES INC REIT 2009-06 PURCHASE 2011-02   192 100     92  
    1 SH - BOSTON PROPERTIES INC REIT 2009-06 PURCHASE 2011-03   91 50     41  
    2 SH - BOSTON PROPERTIES INC REIT 2009-09 PURCHASE 2011-03   182 128     54  
    3 SH - BOSTON PROPERTIES INC REIT 2009-09 PURCHASE 2011-08   280 192     88  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2007-10 PURCHASE 2011-01   161 199     -38  
    6 SH - CAMDEN PROPERTY TRUST REIT SB 2008-02 PURCHASE 2011-01   323 285     38  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2008-02 PURCHASE 2011-01   164 142     22  
    1 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-01   55 43     12  
    5 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-02   278 214     64  
    8 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-02   444 344     100  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-02   113 86     27  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-02   169 143     26  
    7 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-04   408 334     74  
    5 SH - CAMDEN PROPERTY TRUST REIT SB 2008-07 PURCHASE 2011-05   314 238     76  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2008-10 PURCHASE 2011-05   126 90     36  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2008-10 PURCHASE 2011-07   198 135     63  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2009-02 PURCHASE 2011-07   132 41     91  
    4 SH - CAMDEN PROPERTY TRUST REIT SB 2009-02 PURCHASE 2011-08   236 83     153  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2009-05 PURCHASE 2011-08   118 58     60  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2009-05 PURCHASE 2011-08   113 58     55  
    1 SH - CAMDEN PROPERTY TRUST REIT SB 2009-05 PURCHASE 2011-08   63 29     34  
    4 SH - CAMDEN PROPERTY TRUST REIT SB 2010-01 PURCHASE 2011-08   254 158     96  
    4 SH - CAMDEN PROPERTY TRUST REIT SB 2010-01 PURCHASE 2011-08   263 158     105  
    2 SH - CAMDEN PROPERTY TRUST REIT SB 2010-01 PURCHASE 2011-09   129 79     50  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2010-02 PURCHASE 2011-09   193 118     75  
    3 SH - CAMDEN PROPERTY TRUST REIT SB 2010-02 PURCHASE 2011-09   176 118     58  
    1 SH - CAMDEN PROPERTY TRUST REIT SB 2010-03 PURCHASE 2011-09   59 44     15  
    5 SH - CAMDEN PROPERTY TRUST REIT SB 2010-03 PURCHASE 2011-12   289 219     70  
    1 SH - OCT INDUSTRIAL TRUST INC 2008-10 PURCHASE 2011-01   5 7     -2  
    26 SH - OCT INDUSTRIAL TRUST INC 2009-02 PURCHASE 2011-01   135 98     37  
    20 SH - DIAMONDROCK HOSPITALITY COMP 2009-10 PURCHASE 2011-03   213 173     40  
    1 SH - DIAMONDROCK HOSPITALITY COMPA 2009-10 PURCHASE 2011-03   11 9     2  
    5 SH - DIGITAL REAL TV TRUST INC 2007-06 PURCHASE 2011-01   259 204     55  
    4 SH - DIGITAL REAL TV TRUST INC 2007-06 PURCHASE 2011-01   213 164     49  
    2 SH - DIGITAL REAL TV TRUST INC 2007-06 PURCHASE 2011-02   110 82     28  
    12 SH - DIGITAL REAL TV TRUST INC 2008-03 PURCHASE 2011-02   659 396     263  
    6 SH - DIGITAL REAL TV TRUST INC 2008-08 PURCHASE 2011-02   328 267     61  
    5 SH - DIGITAL REAL TV TRUST INC 2008-08 PURCHASE 2011-02   286 223     63  
    3 SH - DIGITAL REAL TV TRUST INC 2009-01 PURCHASE 2011-02   172 92     80  
    5 SH - DIGITAL REAL TV TRUST INC 2009-01 PURCHASE 2011-02   280 154     126  
    5 SH - DIGITAL REAL TV TRUST INC 2009-01 PURCHASE 2011-02   280 162     118  
    3 SH - DIGITAL REAL TV TRUST INC 2009-01 PURCHASE 2011-06   185 97     88  
    3 SH - DIGITAL REAL TV TRUST INC 2009-02 PURCHASE 2011-12   198 86     112  
    5 SH - EQUITY RESIDENTIAL 2009-03 PURCHASE 2011-01   257 96     161  
    6 SH - EQUITY RESIDENTIAL 2009-03 PURCHASE 2011-03   324 115     209  
    5 SH - EQUITY RESIDENTIAL 2009-03 PURCHASE 2011-05   298 96     202  
    1 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-05   60 30     30  
    3 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-05   184 90     94  
    4 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-06   239 120     119  
    3 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-06   179 90     89  
    4 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-06   238 120     118  
    6 SH - EQUITY RESIDENTIAL 2009-10 PURCHASE 2011-07   372 179     193  
    1 SH - ESSEX PROPERTY TRUST INC REI 2007-05 PURCHASE 2011-01   111 127     -16  
    1 SH - ESSEX PROPERTY TRUST INC REI 2007-05 PURCHASE 2011-01   113 127     -14  
    3 SH - ESSEX PROPERTY TRUST INC REI 2007-05 PURCHASE 2011-07   428 381     47  
    1 SH - ESSEX PROPERTY TRUST INC REI 2007-05 PURCHASE 2011-08   122 127     -5  
    3 SH - ESSEX PROPERTY TRUST INC REI 2007-07 PURCHASE 2011-08   380 355     25  
    1 SH - ESSEX PROPERTY TRUST INC REI 2007-07 PURCHASE 2011-08   141 118     23  
    1 SH - ESSEX PROPERTY TRUST INC REI 2008-03 PURCHASE 2011-09   141 110     31  
    3 SH - ESSEX PROPERTY TRUST INC REI 2008-03 PURCHASE 2011-09   414 330     84  
    1 SH - ESSEX PROPERTY TRUST INC REI 2008-07 PURCHASE 2011-09   123 115     8  
    1 SH - ESSEX PROPERTY TRUST INC REI 2008-07 PURCHASE 2011-12   132 115     17  
    2 SH - ESSEX PROPERTY TRUST INC REI 2008-07 PURCHASE 2011-12   266 230     36  
    6 SH - EXTRA SPACE STORAGE INC 2010-12 PURCHASE 2011-12   139 105     34  
    12 SH - HEALTH CARE REIT INC REIT 2008-01 PURCHASE 2011-01   566 528     38  
    1 SH - HEALTH CARE REIT INC REIT 2008-03 PURCHASE 2011-01   47 44     3  
    6 SH - HEALTH CARE REIT INC REIT 2008-03 PURCHASE 2011-01   288 263     25  
    2 SH - HEALTH CARE REIT INC REIT 2008-03 PURCHASE 2011-05   103 88     15  
    3 SH - HEALTH CARE REIT INC REIT 2008-06 PURCHASE 2011-05   154 141     13  
    4 SH - HEALTH CARE REIT INC REIT 2008-06 PURCHASE 2011-05   208 188     20  
    1 SH - HEALTH CARE REIT INC REIT 2008-06 PURCHASE 2011-07   54 47     7  
    1 SH - HEALTH CARE REIT INC REIT 2008-07 PURCHASE 2011-07   54 44     10  
    3 SH - HEALTH CARE REIT INC REIT 2008-07 PURCHASE 2011-08   130 133     -3  
    5 SH - HEALTH CARE REIT INC REIT 2008-07 PURCHASE 2011-08   216 240     -24  
    1 SH - HEALTH CARE REIT INC REIT 2008-07 PURCHASE 2011-11   52 48     4  
    5 SH - HEALTH CARE REIT INC REIT 2008-08 PURCHASE 2011-11   261 252     9  
    4 SH - HEALTH CARE REIT INC REIT 2008-08 PURCHASE 2011-12   209 201     8  
    12 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-01   216 78     138  
    56 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-03   956 365     591  
    15 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-04   255 98     157  
    12 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-06   193 78     115  
    19 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-06   309 124     185  
    12 SH - HOST HOTELS & RESORTS 2009-04 PURCHASE 2011-12   170 78     92  
    3 SH - HOST HOTELS & RESORTS 2009-07 PURCHASE 2011-12   43 25     18  
    5 SH - HOST HOTELS & RESORTS 2009-07 PURCHASE 2011-12   71 41     30  
    1 SH - KILROY RL TY CORP REIT 2009-05 PURCHASE 2011-01   37 22     15  
    11 SH - KILROY RL TY CORP REIT 2009-05 PURCHASE 2011-01   404 230     174  
    5 SH - KILROY RL TY CORP REIT 2009-05 PURCHASE 2011-01   189 105     84  
    1 SH - KILROY RL TY CORP REIT 2009-05 PURCHASE 2011-11   35 21     14  
    11 SH - KILROY RL TY CORP REIT 2009-11 PURCHASE 2011-11   388 336     52  
    4 SH - KIMCO REAL TV CORP REIT 2010-10 PURCHASE 2011-10   59 66     -7  
    5 SH - KIMCO REAL TV CORP REIT 2010-10 PURCHASE 2011-11   75 85     -10  
    27 SH - KIMCO REAL TV CORP REIT 2010-10 PURCHASE 2011-11   403 458     -55  
    2 SH - KIMCO REAL TV CORP REIT 2010-10 PURCHASE 2011-11   30 35     -5  
    3 SH - LIBERTY PROPERTY TRUST REIT 2008-07 PURCHASE 2011-01   96 99     -3  
    5 SH - LIBERTY PROPERTY TRUST REIT 2008-08 PURCHASE 2011-01   160 191     -31  
    4 SH - LIBERTY PROPERTY TRUST REIT 2008-08 PURCHASE 2011-01   136 153     -17  
    3 SH - LIBERTY PROPERTY TRUST REIT 2008-08 PURCHASE 2011-02   101 115     -14  
    7 SH - LIBERTY PROPERTY TRUST REIT 2008-10 PURCHASE 2011-02   237 207     30  
    5 SH - LIBERTY PROPERTY TRUST REIT 2008-10 PURCHASE 2011-02   171 148     23  
    8 SH - LIBERTY PROPERTY TRUST REIT 2008-10 PURCHASE 2011-02   274 234     40  
    15 SH - LIBERTY PROPERTY TRUST REIT 2008-10 PURCHASE 2011-02   513 346     167  
    9 SH - LIBERTY PROPERTY TRUST REIT 2009-06 PURCHASE 2011-02   308 215     93  
    6 SH - LIBERTY PROPERTY TRUST REIT 2009-06 PURCHASE 2011-02   198 143     55  
    6 SH - LIBERTY PROPERTY TRUST REIT 2009-07 PURCHASE 2011-02   198 140     58  
    3 SH - LIBERTY PROPERTY TRUST REIT 2009-07 PURCHASE 2011-03   99 70     29  
    24 SH - LIBERTY PROPERTY TRUST REIT 2010-01 PURCHASE 2011-03   791 782     9  
    10 SH - MACERICH CO REIT 2009-03 PURCHASE 2011-09   468 91     377  
    4 SH - MACERICH CO REIT 2009-05 PURCHASE 2011-09   176 70     106  
    1 SH - MACERICH CO REIT 2009-05 PURCHASE 2011-10   44 17     27  
    6 SH - MACERICH CO REIT 2009-05 PURCHASE 2011-10   261 106     155  
    12 SH - MACERICH CO REIT 2009-05 PURCHASE 2011-10   531 212     319  
    4 SH - NATIONWIDE HEALTH REIT PROPER 2009-06 PURCHASE 2011-01   147 110     37  
    2 SH - NATIONWIDE HEALTH REIT PROPER 2009-06 PURCHASE 2011-02   86 55     31  
    13 SH - NATIONWIDE HEALTH REIT PROPE 2010-01 PURCHASE 2011-02   559 433     126  
    0.03242 SH - PROLOGIS INC 2010-04 PURCHASE 2011-06   1 1        
    4.878 SH - PROLOGIS INC 2010-04 PURCHASE 2011-08   122 152     -30  
    0.04716 SH - PROLOGIS INC 2010-04 PURCHASE 2011-06   2 1     1  
    7.0952 SH - PROLOGIS INC 2010-04 PURCHASE 2011-08   178 220     -42  
    6 SH - PROLOGIS INC 2010-09 PURCHASE 2011-11   162 158     4  
    5 SH - PROLOGIS INC 2010-09 PURCHASE 2011-12   137 132     5  
    10 SH - PROLOGIS INC 2010-09 PURCHASE 2011-12   277 263     14  
    1 SH - PROLOGIS TRUST REIT NEW 2009-04 PURCHASE 2011-01   15 7     8  
    24 SH - PROLOGIS TRUST REIT NEW 2009-05 PURCHASE 2011-01   351 195     156  
    34 SH - PROLOGIS TRUST REIT NEW 2009-07 PURCHASE 2011-01   497 302     195  
    16 SH - PROLOGIS TRUST REIT NEW 2009-07 PURCHASE 2011-01   253 142     111  
    14 SH - PROLOGIS TRUST REIT NEW 2009-07 PURCHASE 2011-01   222 126     96  
    7 SH - REGENCY CENTERS CORP REIT 2009-05 PURCHASE 2011-01   290 234     56  
    1 SH - REGENCY CENTERS CORP REIT 2009-05 PURCHASE 2011-01   42 33     9  
    7 SH - REGENCY CENTERS CORP REIT 2009-05 PURCHASE 2011-01   294 243     51  
    12 SH - REGENCY CENTERS CORP REIT 2009-05 PURCHASE 2011-03   499 417     82  
    1 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-03   42 34     8  
    5 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-03   210 170     40  
    11 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-04   463 373     90  
    4 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-04   171 136     35  
    1 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-04   43 34     9  
    8 SH - REGENCY CENTERS CORP REIT 2009-11 PURCHASE 2011-04   344 269     75  
    4 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-04   179 134     45  
    6 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-04   274 202     72  
    6 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-06   253 202     51  
    2 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-07   92 67     25  
    3 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-07   139 97     42  
    4 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-08   166 129     37  
    3 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-12   107 97     10  
    2 SH - REGENCY CENTERS CORP REIT 2009-12 PURCHASE 2011-12   71 67     4  
    16 SH - SENIOR HOUSING PROP TR REIT 2008-06 PURCHASE 2011-01   354 335     19  
    18 SH - SENIOR HOUSING PROP TR REIT 2008-07 PURCHASE 2011-01   399 359     40  
    13 SH - SENIOR HOUSING PROP TR REIT 2008-07 PURCHASE 2011-01   288 261     27  
    16 SH - SENIOR HOUSING PROP TR REIT 2008-07 PURCHASE 2011-01   354 326     28  
    17 SH - SENIOR HOUSING PROP TR REIT 2008-08 PURCHASE 2011-01   376 373     3  
    5 SH - SENIOR HOUSING PROP TR REIT 2008-10 PURCHASE 2011-01   111 96     15  
    11 SH - SENIOR HOUSING PROP TR REIT 2008-10 PURCHASE 2011-02   244 212     32  
    9 SH - SENIOR HOUSING PROP TR REIT 2008-10 PURCHASE 2011-02   200 155     45  
    3 SH - SENIOR HOUSING PROP TR REIT 2008-10 PURCHASE 2011-02   66 52     14  
    7 SH - SENIOR HOUSING PROP TR REIT 2009-06 PURCHASE 2011-02   155 123     32  
    13 SH - SENIOR HOUSING PROP TR REIT 2009-06 PURCHASE 2011-02   288 209     79  
    9 SH - SENIOR HOUSING PROP TR REIT 2010-02 PURCHASE 2011-02   199 191     8  
    29 SH - SENIOR HOUSING PROP TR REIT 2010-02 PURCHASE 2011-03   678 616     62  
    4 SH - SIMON PROPERTY GOUP REIT INC 2004-03 PURCHASE 2011-01   396 226     170  
    2 SH - SIMON PROPERTY GOUP REIT INC 2004-03 PURCHASE 2011-01   199 113     86  
    5 SH - SIMON PROPERTY GOUP REIT INC 2004-03 PURCHASE 2011-02   540 282     258  
    10 SH - SIMON PROPERTY GOUP REIT INC 2004-03 PURCHASE 2011-02   1,066 565     501  
    2 SH - SIMON PROPERTY GOUP REIT INC 2004-03 PURCHASE 2011-04   218 113     105  
    2 SH - SIMON PROPERTY GOUP REIT INC 2004-09 PURCHASE 2011-04   218 107     111  
    1 SH - SIMON PROPERTY GOUP REIT INC 2004-09 PURCHASE 2011-06   115 54     61  
    3 SH - SIMON PROPERTY GOUP REIT INC 2004-09 PURCHASE 2011-07   352 161     191  
    5 SH - SIMON PROPERTY GOUP REIT INC 2004-10 PURCHASE 2011-08   545 285     260  
    3 SH - SIMON PROPERTY GOUP REIT INC 2006-07 PURCHASE 2011-08   327 253     74  
    2 SH - SIMON PROPERTY GOUP REIT INC 2007-02 PURCHASE 2011-08   218 245     -27  
    3 SH - SIMON PROPERTY GOUP REIT INC 2007-02 PURCHASE 2011-11   382 368     14  
    1 SH - SIMON PROPERTY GOUP REIT INC 2007-06 PURCHASE 2011-11   127 100     27  
    1 SH - SIMON PROPERTY GOUP REIT INC 2007-06 PURCHASE 2011-12   121 100     21  
    3 SH - SIMON PROPERTY GOUP REIT INC 2007-06 PURCHASE 2011-12   378 299     79  
    3 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-01   216 129     87  
    6 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   496 257     239  
    1 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   81 43     38  
    3 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   243 129     114  
    2 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   165 86     79  
    1 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   83 43     40  
    2 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-06   166 90     76  
    10 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-08   777 452     325  
    1 SH - SL GREEN RL TY CORP REIT 2009-09 PURCHASE 2011-08   69 45     24  
    7 SH - VENTAS INC 2010-01 PURCHASE 2011-09   349 300     49  
    5 SH - VENTAS INC 2010-02 PURCHASE 2011-10   253 213     40  
    3 SH - VENTAS INC 2010-08 PURCHASE 2011-10   152 145     7  
    5 SH - VORNADO REALTY TR REIT 2008-12 PURCHASE 2011-06   475 285     190  
    1 SH - VORNADO REALTY TR REIT 2009-02 PURCHASE 2011-06   95 50     45  
    4 SH - VORNADO REALTY TR REIT 2009-02 PURCHASE 2011-06   364 199     165  
    2 SH - VORNADO REALTY TR REIT 2009-02 PURCHASE 2011-06   184 100     84  
    2 SH - VORNADO REALTY TR REIT 2009-02 PURCHASE 2011-06   187 100     87  
    4 SH - VORNADO REALTY TR REIT 2009-03 PURCHASE 2011-08   327 126     201  
    2 SH - VORNADO REALTY TR REIT 2009-03 PURCHASE 2011-08   160 63     97  
    1 SH - VORNADO REALTY TR REIT 2009-03 PURCHASE 2011-08   81 32     49  
    3 SH - VORNADO REALTY TR REIT 2009-04 PURCHASE 2011-08   243 145     98  
    4 SH - VORNADO REALTY TR REIT 2009-04 PURCHASE 2011-08   334 193     141  
    2 SH - VORNADO REALTY TR REIT 2009-04 PURCHASE 2011-09   156 97     59  
    1 SH - VORNADO REALTY TR REIT 2009-04 PURCHASE 2011-10   73 48     25  
    2 SH - VORNADO REALTY TR REIT 2009-08 PURCHASE 2011-10   146 117     29  
    4 SH - VORNADO REALTY TR REIT 2009-08 PURCHASE 2011-10   292 229     63  
    4 SH - VORNADO REALTY TR REIT 2009-08 PURCHASE 2011-10   297 229     68  
    4 SH - VORNADO REALTY TR REIT 2009-08 PURCHASE 2011-12   297 229     68  
    3 SH - VORNADO REALTY TR REIT 2009-09 PURCHASE 2011-12   222 166     56  
    1 SH - VORNADO REALTY TR REIT 2009-09 PURCHASE 2011-12   76 55     21  
    2 SH - VORNADO REALTY TR REIT 2009-09 PURCHASE 2011-12   151 109     42  
    68000 SH - FHLMC GOLD PASS THRU POOL 2008-01 PURCHASE 2011-12   7,308 7,308        
    11000 SH - FHLMC GOLD PASS THRU POOL 2011-11 PURCHASE 2011-12   251 251        
    12000 SH - FHLMC GOLD PASS THRU POOL 2008-10 PURCHASE 2011-12   1,776 1,776        
    9000 SH - FHLMC GOLD PASS THRU POOL 2011-11 PURCHASE 2011-12   219 219        
    42000 SH - FHLMC GOLD PASS THRU POOL 2011-02 PURCHASE 2011-12   4,958 4,958        
    54735 SH - FNMA PASS THRU POOL 2008-08 PURCHASE 2011-01   841 841        
    2000 SH - FNMA PASS THRU POOL 2011-10 PURCHASE 2011-12   185 185        
    3000 SH - FNMA PASS THRU POOL 2011-05 PURCHASE 2011-12   134 134        
    44000 SH - FNMA PASS THRU POOL 2011-02 PURCHASE 2011-12   4,500 4,500        
    63000 SH - FNMA PASS THRU POOL 2011-10 PURCHASE 2011-12   1,668 1,668        
    104000 SH - FNMA PASS THRU POOL 2008-05 PURCHASE 2011-12   10,567 10,567        
    49000 SH - FNMA PASS THRU POOL 2009-04 PURCHASE 2011-12   6,010 6,010        
    6000 SH - FNMA PASS THRU POOL 2011-10 PURCHASE 2011-12   149 149        
    23000 SH - FNMA PASS THRU POOL 2011-09 PURCHASE 2011-12   731 731        
    50000 SH - FNMA PASS THRU POOL 2008-12 PURCHASE 2011-12   4,157 4,157        
    47000 SH - FNMA PASS THRU POOL 2008-05 PURCHASE 2011-01   1,847 1,847        
    51000 SH - FNMA PASS THRU POOL 2008-11 PURCHASE 2011-12   6,119 6,119        
    53000 SH - FNMA PASS THRU POOL 2008-06 PURCHASE 2011-01   1,145 1,145        
    21000 SH - FNMA PASS THRU POOL 2009-04 PURCHASE 2011-12   2,727 2,727        
    9000 SH - FNMA PASS THRU POOL 2011-05 PURCHASE 2011-12   747 747        
    48000 SH - FNMA PASS THRU POOL 2008-10 PURCHASE 2011-01   265 265        
    7000 SH - FNMA PASS THRU POOL 2011-06 PURCHASE 2011-12   418 418        
    3000 SH - FNMA PASS THRU POOL 2010-01 PURCHASE 2011-12   453 453        
    8000 SH - FNMA PASS THRU POOL 2009-05 PURCHASE 2011-12   1,049 1,049        
    3000 SH - FNMA PASS THRU POOL 2011-09 PURCHASE 2011-12   337 337        
    63000 SH - FNMA PASS THRU POOL 2011-02 PURCHASE 2011-12   9,694 9,694        
    10000 SH - FNMA PASS THRU POOL 2009-11 PURCHASE 2011-01   156 156        
    99000 SH - FNMA PASS THRU POOL 2011-04 PURCHASE 2011-12   13,854 13,854        
    2900 SH - FNMA PASS THRU POOL 2011-03 PURCHASE 2011-12   3,095 3,095        
    ROUNDING ADJUSTMENT 2011-12 PURCHASE 2011-12   20       20  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7304 174,984 174,984

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7113 270,790 270,790
    WELLS FARGO ADVISORS - 7177 651,180 651,180
    WELLS FARGO ADVISORS - 7239 163,970 163,970
    WELLS FARGO ADVISORS - 7304 486,591 486,590
    WELLS FARGO ADVISORS - 0778 116,324 116,324

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    US Government Securities - End of Year Book Value:

    769,363
    US Government Securities - End of Year Fair Market Value:

    769,564
    State & Local Government Securities - End of Year Book Value:


    201,237
    State & Local Government Securities - End of Year Fair Market Value:


    201,237


    TY 2011 OtherDecreasesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Amount
    UNREALIZED LOSSES 14,983


    TY 2011 OtherExpensesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT EXPENSES 1,600 1,600    


    TY 2011 OtherIncomeSchedule2
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FORM 1099-OID (WELLS FARGO 7 3,801 3,801 3,801


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 21,346 21,346    


    TY 2011 TaxesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
    EIN: 73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 47 47