| Identifier | Return Reference | Explanation |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 394 shares of ABBOTT LABS ABT | 24,320 | 25,807 |
| 265 shares of ADT LTD. ADT | 4,817 | 11,000 |
| 66 shares of ALEXANDRIA REAL ESTATE EQUITIES INC ARE | 4,567 | 4,648 |
| 63 shares of AMAZON COM AMZN | 10,949 | 14,672 |
| 97 shares of AMERICAN CAMPUS COMMUNITIES ACC | 3,003 | 4,395 |
| 492 shares of AMERICAN EXPRESS CO AXP | 24,101 | 27,537 |
| 710 shares of AMERICAN TOWER REIT INC AMT | 22,715 | 53,456 |
| 392 shares of AMERISOURCEBERGEN CORP ABC | 15,339 | 15,460 |
| 225 shares of APACHE CORPORATION APA | 16,936 | 18,612 |
| 171 shares of APPLE INC. AAPL | 27,803 | 101,800 |
| 93 shares of AVALONBAY CMNTYS INC AVB | 10,377 | 12,607 |
| 373 shares of AVON PRODUCTS AVP | 10,526 | 5,778 |
| 434 shares of BAKER HUGHES INTL BHI | 21,175 | 18,215 |
| 96 shares of BOSTON PPTYS INC BXP | 6,518 | 10,205 |
| 229 shares of BRANDYWINE RLTY TR BDN | 2,141 | 2,659 |
| 112 shares of CAMDEN PPTY TR CPT | 5,761 | 7,351 |
| 154 shares of CBL ASSOCIATES PROPERTIES INC CBL | 2,660 | 3,445 |
| 1402 shares of CBRE GROUP INC CBG | 21,365 | 25,264 |
| 211 shares of CHEVRON CORP CVX | 17,309 | 23,261 |
| 63 shares of CHIPOLTE MEX GRILL CMG | 17,972 | 16,035 |
| 301 shares of CHUBB CORP CB | 15,682 | 23,171 |
| 440 shares of CME GROUP, INC CME | 23,851 | 24,609 |
| 946 shares of COMCAST CORP CL A CMCSA | 16,101 | 35,503 |
| 314 shares of COSTCO WHOLESALE CORP NEW COST | 16,630 | 30,907 |
| 305 shares of COVIDIEN LTD COV | 14,338 | 16,760 |
| 485 shares of CROWN CASTLE INTL CCI | 16,612 | 32,374 |
| 499 shares of DANAHER CORP DHR | 16,951 | 25,813 |
| 267 shares of DARDEN RESTAURANTS INC. DRI | 13,054 | 14,050 |
| 321 shares of DDR CORP DDR | 3,868 | 4,931 |
| 136 shares of DEVON ENERGY CORPORATION DVN | 10,886 | 7,917 |
| 309 shares of DIGITAL RLTY TR INC DLR | 19,263 | 18,982 |
| 311 shares of DIRECTV GROUP DTV | 16,038 | 15,905 |
| 114 shares of DOUGLAS EMMETT INC DEI | 2,040 | 2,673 |
| 248 shares of DUKE REALTY CORPORATION DRE | 3,295 | 3,591 |
| 767 shares of EMC CORP-MASS EMC | 20,095 | 18,730 |
| 118 shares of EQUINIX, INC. EQIX | 7,773 | 21,310 |
| 45 shares of EQUITY LIFESTYLE PRP ELS | 3,123 | 3,030 |
| 101 shares of EQUITY RESIDENTIAL PPTYS TR EQR | 5,133 | 5,798 |
| 35 shares of ESSEX PRTY TR INC ESS | 3,182 | 5,250 |
| 100 shares of EXTRA SPACE STORAGE EXR | 3,346 | 3,449 |
| 223 shares of FEDEX CORPORATION COMMON STOCK FDX | 17,038 | 20,514 |
| 1480 shares of FORD MOTOR COMPANY F | 15,229 | 16,517 |
| 340 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX | 13,359 | 13,219 |
| 191 shares of GENERAL GROWTH PPTYS INC GGP | 3,581 | 3,755 |
| 122 shares of GLIMCHER REALTY TRST GRT | 1,165 | 1,302 |
| 3107 shares of GOLDMAN SACHS EMERGING MARKETS EQ FD INSTI SHS GEMIX | 72,186 | 48,622 |
| 23748 shares of GOLDMAN SACHS HIGH YIELD FUND INSTITUTIONAL SHARES GSHIX | 180,416 | 174,550 |
| 81 shares of GOOGLE INC CL A GOOG | 48,434 | 55,104 |
| 365 shares of H.J. HEINZ COMPANY HNZ | 19,287 | 20,991 |
| 476 shares of HALLIBURTON COMPANY HAL | 14,839 | 15,370 |
| 221 shares of HEALTH CARE PPTY INVS INC HCP | 7,827 | 9,801 |
| 195 shares of HEALTH CARE REIT INC. HCN | 10,587 | 11,589 |
| 102 shares of HIGHWOODS PRPTY INC HIW | 3,356 | 3,290 |
| 52 shares of HOME PPTYS INC HME | 3,288 | 3,161 |
| 448 shares of HONEYWELL INTERNATIONAL INC. HON | 26,894 | 27,436 |
| 460 shares of HOST HOTELS RESORTS INC HST | 5,948 | 6,652 |
| 1 shares of HSBC HLDGS PLC ADS HBC | 133 | 49 |
| 155 shares of INTERNATIONAL BUSINESS MACHINES IBM | 11,583 | 30,152 |
| 866 shares of INVESCO PLC IVZ | 18,734 | 21,061 |
| 402 shares of JOHNSON JOHNSON JNJ | 25,971 | 28,470 |
| 362 shares of JP MORGAN CHASE CO JPM | 13,437 | 15,088 |
| 57 shares of KILROY REALTY CP KRC | 1,867 | 2,531 |
| 339 shares of KIMCO RLTY CORP KIM | 6,077 | 6,617 |
| 175 shares of KRAFT FOODS GROUP, INC. KRFT | 5,486 | 7,956 |
| 225 shares of LABORATORY CORP AMER HLDGS LH | 14,915 | 19,064 |
| 224 shares of LAS VEGAS SANDS CORP LVS | 8,718 | 10,403 |
| 37 shares of LENNAR CORP LEN | 970 | 1,386 |
| 160 shares of LIBERTY PROPERTY TRUST SBI LRY | 5,066 | 5,619 |
| 102 shares of MACERICH CO MAC | 5,979 | 5,814 |
| 461 shares of MACYS INC M | 14,130 | 17,550 |
| 568 shares of MARRIOTT INTERNATIONAL INC. CL A MAR | 15,244 | 20,721 |
| 50 shares of MASTERCARD INC MA | 10,970 | 23,047 |
| 527 shares of MONDELEZ INTERNATIONAL INC MDLZ | 10,187 | 13,992 |
| 562 shares of NETAPP, INC. NTAP | 25,182 | 15,123 |
| 309 shares of NIKE INC-CL B NKE | 23,530 | 28,236 |
| 262 shares of NORTHERN TRUST CORPORATION NTRS | 13,726 | 12,524 |
| 178 shares of OCCIDENTAL PETROLEUM CORP OXY | 15,993 | 14,055 |
| 1507 shares of ORACLE CORP ORCL | 28,382 | 46,838 |
| 197 shares of PEBBLEBROOK HOTEL TR COM PEB | 4,460 | 4,180 |
| 127 shares of PENTAIR INC. COM PNR | 5,298 | 5,364 |
| 281 shares of PEPSICO INC PEP | 17,474 | 19,456 |
| 706 shares of PFIZER INC. PFE | 14,981 | 17,558 |
| 257 shares of PIEDMONT OFFICE REALTY TRUST INC COMMON STOCK PDM | 4,525 | 4,575 |
| 116 shares of POST PROPERTIES INC PPS | 5,068 | 5,662 |
| 466 shares of PRAXAIR INC. PX | 41,174 | 49,494 |
| 15 shares of PRICELINE.COM INCORPORATED PCLN | 8,750 | 8,607 |
| 558 shares of PROCTER GAMBLE CO PG | 35,195 | 38,636 |
| 228 shares of PROLOGIS PLD | 6,457 | 7,818 |
| 45 shares of PS BUSINESS PARKS, INC. PSB | 3,068 | 2,886 |
| 102 shares of PUBLIC STORAGE INC PSA | 7,971 | 14,140 |
| 166 shares of PVH CORP PVH | 11,159 | 18,258 |
| 1136 shares of QUALCOMM INC QCOM | 53,178 | 66,581 |
| 474 shares of RAYMOND JAMES FINANCIAL INC RJF | 13,362 | 18,078 |
| 30 shares of REGENCY CENTERS CORP REG | 1,312 | 1,441 |
| 93 shares of SALESFORCE.COM CRM | 12,742 | 13,576 |
| 858 shares of SCHLUMBERGER LTD SLB | 52,407 | 59,657 |
| 206 shares of SIMON PPTY GROUP INC NEW SPG | 13,759 | 31,355 |
| 83 shares of SL GREEN RLTY CORP SLG | 5,950 | 6,250 |
| 331 shares of ST. JUDE MED INC. STJ | 14,790 | 12,664 |
| 46 shares of STARWOOD HOTELS RESORTS HOT | 2,488 | 2,385 |
| 532 shares of STRATEGIC HOTELS INC BEE | 3,317 | 2,921 |
| 103 shares of TANGER FACTORY OUTLT CENREIT SKT | 2,138 | 3,241 |
| 310 shares of TARGET CORPORATION TGT | 16,678 | 19,763 |
| 373 shares of TEVA PHARMECEUTICAL SP ADR TEVA | 17,849 | 15,077 |
| 127500 shares of THE FIRST MARBLEHEAD CORP FMD | 5,773,051 | 119,849 |
| 246 shares of THERMO FISHER SCIENTIFIC INC TMO | 15,033 | 15,021 |
| 319 shares of TIMKEN CO COM TKR | 14,742 | 12,597 |
| 531 shares of TYCO INTERNATIONAL LTD. TYC | 10,000 | 14,268 |
| 225 shares of UNITED TECHNOLOGIES CORP UTX | 16,940 | 17,586 |
| 516 shares of URBAN OUTFITTERS, INC URBN | 13,023 | 18,447 |
| 208 shares of VENTAS INC VTR | 10,220 | 13,160 |
| 117 shares of VORNADO RLTY TR VNO | 8,620 | 9,385 |
| 170 shares of WEINGARTEN REALTY INVESTORS SBI WRI | 4,840 | 4,590 |
| 569 shares of WELLS FARGO CO. WFC | 15,917 | 19,170 |
| 651 shares of XILINX INC. XLNX | 19,136 | 21,333 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GS CONCENTRATED MEZZANINE AND DISTRESSED FUND II, LP GSMEZZANINE | 288,149 | 314,171 | |
| NON-US EQUITY MANAGERS PORTFOLIO 5 LLC - CLASS 2 NEFXP | 712,238 | 708,276 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 20,351 | 20,351 | ||
| Filing Fees | 250 | 250 | ||
| K1 Exp GS CONCENTRATED MEZZANINE AND DISTRESSED FUND II LP | 17,138 | 13,279 | ||
| K1 Exp NONUS EQUITY MANAGERS PORTFOLIO 5 LLC CLASS 2 | 14,665 | 13,407 | ||
| Payroll Processing Fees Via Payroll | 815 | 815 | ||
| State or Local Filing Fees | 25 | 25 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Federal Tax Refund | 5 | ||
| GS CONCENTRATED MEZZANINE AND DISTRESSED FUND II, LP K-1 Pass-Through Share of Partnership Income/Lo | 27,451 | 21,401 | |
| NON-US EQUITY MANAGERS PORTFOLIO 5 LLC - CLASS 2 K-1 Pass-Through Share of Partnership Income/Loss | 23,545 | 23,545 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 26,180 | 26,180 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Estimated Tax for 2012 | 600 | 0 | 0 | 0 |
| Foreign Tax Paid | 195 | 195 | 0 | 0 |
| IRS Miscellaneous Fee | 36 | 0 | 0 | 0 |
| IRS Tax Payment with 1st ext 990T | 1,200 | 0 | 0 | 0 |
| State UBTI Tax wExtension or Return | 735 | 0 | 0 | 0 |