| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 75000 HOSPITALITY PROPERTIES 5.125% | 62,696 | 78,086 |
| CITIGROUP CAP TRUST 6.00% | 25,110 | 25,140 |
| NORFOLK SOUTHERN 5.257% BONDS 2014 | 100,271 | 105,784 |
| DUKE CAPITAL 5.558% BONDS 2014 | 150,695 | 158,328 |
| BUCKEYE PARTNERS 503% BONDS 2014 | 150,526 | 158,067 |
| ALCAN 5.2% BONDS 2014 | 100,000 | 102,751 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 550 PP&L | 15,374 | 16,335 |
| 1256 KRAFT | 59,023 | 69,243 |
| 3250 NATL RETAIL PPTYS | 100,327 | 116,578 |
| 4200 INTEL | 90,355 | 101,976 |
| 1455 CENTURYLINK | 56,095 | 49,347 |
| 355 CENTURYLINK | 13,778 | 12,123 |
| 170 SHRS VERIZON | 6,729 | 8,242 |
| 305 SHRS PFIZER | 6,639 | 8,305 |
| 630 SHRS PPL CORP | 17,842 | 18,711 |
| 190 SHRS KIMBERLY CLARK | 13,719 | 18,398 |
| 46 SHRS KRAFT FOODS | 1,862 | 2,536 |
| 240 SHRS HEALTH CARE REIT | 12,907 | 16,327 |
| 55 SHRS BRISTOL MEYERS SQUIBB | 1,833 | 2,531 |
| 2450 SHRS BRISTOL MEYERS SQUIBB | 67,963 | 112,725 |
| 450 SHRS AT&T | 14,123 | 15,746 |
| 425 SHRS VERIZON COMM | 13,960 | 20,604 |
| 50 SHRS VERIZON COMM | 1,564 | 2,424 |
| 600 SHRS VERIZON COMM | 18,771 | 29,088 |
| 850 SHRS VERIZON COMM | 25,111 | 41,208 |
| 800 SHRS PFIZER INC | 14,414 | 21,784 |
| 1175 SHRS PFIZER INC | 20,363 | 31,995 |
| 1525 SHRS PFIZER INC | 24,940 | 41,526 |
| 620 SHRS PPL CORP | 17,441 | 18,414 |
| 725 SHRS PPL CORP | 20,305 | 21,533 |
| 900 SHRS PPL CORP | 25,046 | 26,730 |
| 250 SHRS KIMBERLY CLARK | 16,857 | 24,208 |
| 300 SHRS KIMBERLY CLARK | 20,288 | 29,049 |
| 100 SHRS KIMBERLY CLARK | 6,569 | 9,683 |
| 100 SHRS KIMBERLY CLARK | 6,568 | 9,683 |
| 80 SHRS KIMBERLY CLARK | 5,253 | 7,746 |
| 100 SHRS KIMBERLY CLARK | 6,562 | 9,683 |
| 167 SHRS KRAFT FOODS | 5,629 | 9,207 |
| 217 SHRS KRAFT FOODS | 7,160 | 11,963 |
| 41 SHRS KRAFT FOODS | 1,322 | 2,260 |
| 167 SHRS KRAFT FOODS | 5,382 | 9,207 |
| 66 SHRS KRAFT FOODS | 2,126 | 3,639 |
| 275 SHRS HEALTH CARE REIT | 13,387 | 18,708 |
| 425 SHRS HEALTH CARE REIT | 19,696 | 28,913 |
| 560 SHRS HEALTH CARE REIT | 24,303 | 38,096 |
| 530 SHRS AT&T | 15,303 | 18,545 |
| 700 SHRS AT&T | 19,871 | 24,493 |
| 950 SHRS AT&T | 25,261 | 33,241 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 9000 EATON VANCE FLT-RT INCOME | AT COST | 159,533 | 150,120 |
| 6091.584 BLACKROCK EQUITY DIVD | AT COST | 61,988 | 60,307 |
| 2268.625 IVY MID CAP GROWTH | AT COST | 39,411 | 48,934 |
| 3215.231 DREYFUS INTL | AT COST | 54,630 | 53,694 |
| 6627.296 DELAWARE DIVERSIFIED INCOME | AT COST | 61,910 | 60,773 |
| 6596.681 TCW EMERGING MKTS | AT COST | 61,735 | 59,634 |
| 3459 EATON VANCE FLT-RT INCOME | AT COST | 60,041 | 57,696 |
| 2252.835 BLACKROCK EQUITY DIVIDEND | AT COST | 41,837 | 49,742 |
| 3261.914 FRANKLIN UTILITIES FD | AT COST | 40,299 | 48,538 |
| 256.817 BLACKROCK LATIN AMERICA | AT COST | 17,789 | 14,978 |
| 2252.745 INVESCO INTL SMALL CO | AT COST | 44,120 | 47,848 |
| 3437.263 NEUBERGER BERMAN REAL ESTATE | AT COST | 41,694 | 48,671 |
| 1302.654 BLACKROCK HL SPEC OPP | AT COST | 40,928 | 51,285 |
| 1034.262 COLUMBIA SELIGMAN COMMUN | AT COST | 48,693 | 49,158 |
| 3354.852 AMERICAN CENT MID CAP | AT COST | 43,041 | 50,491 |
| 716.160 WELLS FARGO ADV EMERGING | AT COST | 16,798 | 15,741 |
| 2064.628 FIRST EAGLE GOLD FD | AT COST | 59,950 | 39,207 |
| 980.828 PRUDENTIAL JENNISON NAT RES | AT COST | 52,972 | 45,981 |
| 2099.884 ROYCE SPECIAL EQUITY | AT COST | 44,734 | 50,061 |
| 2434.510 JANUS TRITON FD | AT COST | 43,137 | 50,053 |
| 640.865 MATTHEWS PACIFIC TIGER | AT COST | 15,010 | 16,380 |
| 682 ISHARES RUSSELL 1000 GROWTH | AT COST | 43,346 | 50,666 |
| 1655.976 THORNBURG INTL FD | AT COST | 48,142 | 48,918 |
| 2350 SHRS KAYNE ANDERSON MLP | AT COST | 60,252 | 87,444 |
| 10000 OZ SILVER BULLION | AT COST | 45,300 | 222,650 |
| 200 OZ GOLD BULLION | AT COST | 67,950 | 277,660 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,687 | 1,343 | 0 | 1,344 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 1,625 | 812 | 0 | 813 |
| INVESTMENT STORAGE FEES | 1,907 | 1,907 | 0 | 0 |
| INVESTMENT AND ADVISORY FEES | 9,214 | 9,214 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| S.4940 TAX ON NET INVESTMENT INCOME | 437 | |||
| FOREIGN DIVIDEND TAX | 675 | 675 | ||
| DELAWARE LLC TAX | 275 | 138 | 137 |