TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 06-01-2012 , and ending 05-31-2013

Name of foundation
TW MARIAN W OTTLEY-WATERTOWN 501-3013000359

Number and street (or P.O. box number if mail is not delivered to street address)1525 W WT HARRIS BLVD D1114-044 Room/suite

City or town, state, and ZIP code
CHARLOTTE, NC28288

A Employer identification number

58-6222005

B Telephone number (see instructions)

(800) 352-3705

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

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

$16,365,954J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	426,039		423,236
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		574,770
b	Gross sales price for all assets on line 6a 6,444,205
7	Capital gain net income (from Part IV, line 2)...			574,770
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......			-47,425
12	Total. Add lines 1 through 11........	1,000,809		950,581
13	Compensation of officers, directors, trustees, etc.	165,330		123,023		42,307
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		4,043	4,043		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		14,725	9,805		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		2,852	21,141		835
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	186,950		158,012	0	43,142
25	Contributions, gifts, grants paid........	687,125				687,125
26	Total expenses and disbursements. Add lines 24 and 25	874,075		158,012	0	730,267
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	126,734
b	Net investment income (if negative, enter -0-)			792,569
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	971	-1,716	-1,716
	2	Savings and temporary cash investments..........	587,851	216,384	216,384
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	252,679
	b	Investments—corporate stock (attach schedule)........	7,283,645	9,175,013	10,179,488
	c	Investments—corporate bonds (attach schedule)........	937,756	1,359,979	1,448,864
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	5,762,087	4,192,680	4,522,934
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,824,989	14,942,340	16,365,954
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	14,824,989	14,942,340
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	14,824,989	14,942,340
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	14,824,989	14,942,340

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	14,824,989
2	Enter amount from Part I, line 27a.....................	2	126,734
3	Other increases not included in line 2 (itemize)	3	11,313
4	Add lines 1, 2, and 3..........................	4	14,963,036
5	Decreases not included in line 2 (itemize)	5	20,696
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	14,942,340

Form 990-PF (2012)

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.)
1 a	3000. AES CORP 8.000% 10/15/17		2011-08-10	2013-02-21
b	10000. AES CORP 8.000% 10/15/17		2011-09-29	2013-05-08
c	302. AT&T INC		2011-11-22	2012-10-15
d	607. AT&T INC		2011-11-22	2013-01-10
e	516. AT&T INC		2011-11-22	2013-01-22
	15000. AT&T INC 2.950% 5/15/16		2012-05-23	2013-04-05
	169. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009		2011-11-22	2012-07-25
	152. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009		2011-11-22	2012-08-13
	169. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009		2011-11-22	2012-10-15
	285. ACTIVISION BLIZZARD INC		2012-05-14	2012-09-07
	346. ACTUANT CORP COM		2012-11-21	2013-01-04
	38. ADIDAS-AG ADR		2012-09-04	2012-12-07
	2000. AFFINION GROUP INC 7.875% 12/15/18		2012-03-16	2013-01-14
	2000. AFFINION GROUP INC 7.875% 12/15/18		2012-03-16	2013-01-15
	2000. AFFINION GROUP INC 7.875% 12/15/18		2012-01-05	2013-01-15
	2000. AFFINION GROUP INC 7.875% 12/15/18		2012-01-05	2013-01-16
	2000. AIRCASTLE LTD 6.750% 4/15/17		2012-12-14	2013-02-21
	4000. ALLIANT TECHSYSTEMS 6.875% 9/15/20		2011-08-16	2013-02-21
	2000. ALLY FINANCIAL INC 8.000% 3/15/20		2011-08-10	2013-05-30
	701. ALTRIA GROUP INC		2011-11-22	2013-01-10
	595. ALTRIA GROUP INC		2011-11-22	2013-01-22
	233. ALTRIA GROUP INC		2008-05-27	2013-05-29
	705. AMERICA MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS		2011-10-07	2013-03-15
	39. AMERICAN ASSETS TRUST INC		2012-09-06	2012-09-19
	35. AMERICAN ASSETS TRUST INC		2011-08-10	2012-09-28
	56. AMERICAN ASSETS TRUST INC		2012-09-06	2012-09-28
	143. AMERICAN ELEC PWR CO INC COM		2012-05-23	2013-01-10
	127. AMERICAN ELEC PWR CO INC COM		2012-05-23	2013-01-22
	16. ANALOG DEVICES INC COM W/ RTS TO PURCHASE PFD SHS		2012-05-14	2013-02-04
	46. ANALOG DEVICES INC COM W/ RTS TO PURCHASE PFD SHS		2012-05-14	2013-02-25
	196. ANN INC		2012-06-15	2012-08-28
	202. ANN INC		2012-06-15	2012-11-09
	62. APACHE CORP COM RTS EXP 01/31/2006		2011-07-08	2013-02-19
	6. APARTMENT INVT & MGMT CO CL A		2012-05-14	2012-09-20
	79. APARTMENT INVT & MGMT CO CL A		2012-09-06	2013-05-16
	37. APARTMENT INVT & MGMT CO CL A		2012-05-14	2013-05-16
	170. ARM HLDGS PLC SPONSORED ADR		2011-02-08	2012-12-12
	43. ARM HLDGS PLC SPONSORED ADR		2011-02-08	2013-01-02
	51. ARM HLDGS PLC SPONSORED ADR		2011-02-08	2013-02-21
	29. ARM HLDGS PLC SPONSORED ADR		2011-02-08	2013-05-01
	544. ASCENA RETAIL GROUP INC		2012-05-09	2012-06-15
	107. ASSA ABLOY AB-UNSP ADR		2011-02-08	2012-09-07
	53. ASSA ABLOY AB-UNSP ADR		2011-02-08	2012-11-28
	55. ASSA ABLOY AB-UNSP ADR		2011-02-08	2012-11-29
	294. ASTRAZENECA PLC SPONSORED ADR		2011-11-22	2013-01-10
	237. ASTRAZENECA PLC SPONSORED ADR		2012-07-25	2013-01-10
	453. ASTRAZENECA PLC SPONSORED ADR		2011-11-22	2013-01-22
	3000. AUTONATION INC 6.750% 4/15/18		2011-08-18	2013-02-21
	2000. AUTONATION INC 6.750% 4/15/18		2011-08-18	2013-05-30
	4. AVALONBAY CMNTYS INC COM		2012-09-06	2012-09-20
	27. AVALONBAY CMNTYS INC COM		2012-09-06	2012-11-28
	20. AVALONBAY CMNTYS INC COM		2012-09-06	2013-01-03
	13. AVALONBAY CMNTYS INC COM		2012-09-06	2013-01-30
	15. AVALONBAY CMNTYS INC COM		2012-09-06	2013-03-26
	16. AVALONBAY CMNTYS INC COM		2012-09-06	2013-04-03
	14. AVALONBAY CMNTYS INC COM		2012-09-06	2013-05-16
	2000. AVIS BUDGET CAR RENT 8.250% 1/15/19		2013-01-28	2013-02-21
	639. BCE INC		2011-11-22	2013-01-10
	121. BCE INC		2012-08-13	2013-01-10
	216. BCE INC		2011-11-22	2013-01-22
	106. BG GROUP PLC- SPON ADR ISIN US0554342032		2011-02-08	2012-11-01
	166. BG GROUP PLC- SPON ADR ISIN US0554342032		2011-02-08	2013-01-02
	13. BG GROUP PLC- SPON ADR ISIN US0554342032		2012-05-09	2013-01-02
	90. BG GROUP PLC- SPON ADR ISIN US0554342032		2012-05-09	2013-01-03
	310. BG GROUP PLC- SPON ADR ISIN US0554342032		2011-10-07	2013-01-03
	232. BP PLC SPONSORED ADR		2013-01-10	2013-01-22
	8. BRE PPTYS INC CL A		2011-05-09	2012-06-01
	138. BMC SOFTWARE INC COM RTS EXP 05/12/2005		2013-04-30	2013-05-08
	138. BMC SOFTWARE INC COM RTS EXP 05/12/2005		2013-01-25	2013-05-13
	31. BALL CORP COM RTS EXP 08/04/2006		2012-05-09	2012-07-05
	56. BALL CORP COM RTS EXP 08/04/2006		2012-11-21	2012-12-05
	65. BALL CORP COM RTS EXP 08/04/2006		2012-05-09	2013-03-21
	107. BALL CORP COM RTS EXP 08/04/2006		2012-03-09	2013-03-21
	2000. BALL CORP 5.750% 5/15/21		2011-10-11	2013-02-21
	94. BARRICK GOLD CORP COM		2013-01-22	2013-04-10
	91. BECTON DICKINSON & CO COM		2009-07-15	2012-09-11
	7. BOSTON PPTYS INC COM		2012-09-06	2012-09-20
	13. BOSTON PPTYS INC COM		2012-09-06	2013-03-26
	4.00024 BOSTON PPTYS INC COM		2012-09-06	2013-04-03
	11.99976 BOSTON PPTYS INC COM		2012-09-06	2013-04-03
	49. BOSTON PPTYS INC COM		2012-10-04	2013-05-16
	615. BRISTOL-MYERS SQUIBB CO COM		2011-11-22	2013-01-10
	523. BRISTOL-MYERS SQUIBB CO COM		2011-11-22	2013-01-22
	19. BROOKDALE SR LIVING INC		2013-05-08	2013-05-16
	166. BUCKLE INC COM		2012-05-09	2012-11-16
	4000. CCO HLDGS LLC/CAP CO 7.250% 10/30/17		2011-08-10	2013-02-19
	2000. CCO HLDGS LLC/CAP CO 6.500% 4/30/21		2011-12-08	2013-05-29
	3. CBRE GROUP INC		2010-12-13	2012-09-20
	116. CBRE GROUP INC		2012-09-12	2013-01-10
	26. CBRE GROUP INC		2011-08-09	2013-01-10
	7000. COMMUNITY HEALTH SYS 8.875% 7/15/15		2011-09-29	2012-07-17
	2000. CHS/COMMUNITY HEALTH 7.125% 7/15/20		2012-07-10	2013-02-21
	2000. CIT GROUP INC 5.000% 5/15/17		2012-05-11	2013-05-30
	7. CNOOC LTD SPONSORED ADR		2010-12-28	2012-12-17
	3. CNOOC LTD SPONSORED ADR		2010-12-28	2012-12-18
	17. CNOOC LTD SPONSORED ADR		2011-02-08	2013-05-21
	2000. CSC HOLDINGS INC 7.625% 7/15/18		2011-10-05	2013-02-21
	12. CYS INVESTMENTS INC		2012-02-21	2012-09-04
	13. CYS INVESTMENTS INC		2012-09-06	2012-09-20
	63. CYS INVESTMENTS INC		2012-09-06	2012-10-17
	313. CYS INVESTMENTS INC		2012-09-06	2013-01-03
	65. CA INC		2013-01-22	2013-05-03
	21. CA INC		2013-01-22	2013-05-06
	7. CAMDEN PROPERTY TRUST		2012-09-06	2012-09-20
	34. CAMDEN PROPERTY TRUST		2012-09-06	2012-11-26
	16. CAMDEN PROPERTY TRUST		2012-09-06	2013-02-06
	11. CAMDEN PROPERTY TRUST		2012-09-06	2013-02-13
	45. CAMDEN PROPERTY TRUST		2012-09-06	2013-05-16
	4. CAMPUS CREST COMMUNITIES INC		2012-09-06	2012-09-20
	82. CAMPUS CREST COMMUNITIES INC		2013-03-26	2013-05-16
	19. CANADIAN NATL RY CO COM		2012-05-09	2012-06-06
	23. CANADIAN NATL RY CO COM		2012-05-09	2012-09-07
	47. CANADIAN NAT RES LTD COM CN$		2010-12-28	2012-07-24
	109. CANADIAN NAT RES LTD COM CN$		2011-02-08	2012-07-26
	126. CANADIAN NAT RES LTD COM CN$		2012-05-09	2012-07-27
	26. CANADIAN NAT RES LTD COM CN$		2010-12-09	2012-07-27
	87. CANON INC ADR REPSTG 5 SHS		2010-12-28	2012-07-25
	94. CANON INC ADR REPSTG 5 SHS		2012-05-09	2012-07-27
	214. CANON INC ADR REPSTG 5 SHS		2011-03-16	2012-07-27
	57. CANON INC ADR REPSTG 5 SHS		2011-10-07	2012-07-31
	351. CANON INC ADR REPSTG 5 SHS		2011-02-08	2012-07-31
	61. CARNIVAL CORP PAIRED CTF 1 COM		2011-02-08	2013-02-13
	2000. CASE CORP 7.250% 01/15/16		2011-08-26	2013-05-29
	298. CENTURYTEL INC COM		2011-11-22	2013-01-10
	274. CENTURYTEL INC COM		2012-07-25	2013-01-10
	487. CENTURYTEL INC COM		2011-11-22	2013-01-22
	13000. CHESAPEAKE ENERGY CO 7.250% 12/15/18		2011-08-05	2013-02-19
	52. CHEVRONTEXACO CORP COM		2011-11-22	2013-01-10
	45. CHEVRONTEXACO CORP COM		2011-11-22	2013-01-22
	2000. CINEMARK USA INC 8.625% 6/15/19		2011-08-17	2013-02-19
	3000. CLEAR CHANNEL WORLDW 7.625% 3/15/20		2012-09-12	2013-02-21
	2000. CLEAR CHANNEL WORLDW 7.625% 3/15/20		2012-09-12	2013-05-30
	161. COCA-COLA CO COM		2011-11-22	2013-01-10
	137. COCA-COLA CO COM		2011-11-22	2013-01-22
	9. COLONIAL PPTYS TR		2012-09-06	2012-09-20
	72. COLONIAL PPTYS TR		2012-09-06	2013-01-09
	77. COLONIAL PPTYS TR		2012-09-06	2013-05-16
	187. CONOCOPHILLIPS COM		2011-11-22	2013-01-10
	202. CONOCOPHILLIPS COM		2012-08-13	2013-01-10
	101. CONOCOPHILLIPS COM		2012-05-22	2013-01-22
	230. CONOCOPHILLIPS COM		2011-11-22	2013-01-22
	7000. CONSTELLATION BRANDS 8.375% 12/15/14		2011-08-10	2013-02-19
	5000. CONSTELLATION BRANDS 8.375% 12/15/14		2011-10-06	2013-05-31
	3. CORRECTIONS CORP OF AMERICA COM		2012-09-06	2012-09-20
	23. CORRECTIONS CORP OF AMERICA COM		2012-09-06	2013-01-16
	36. CORRECTIONS CORP OF AMERICA COM		2013-03-26	2013-05-16
	.1859 CORRECTIONS CORP OF AMERICA COM		2013-05-21	2013-05-21
	.3049 CORRECTIONS CORP OF AMERICA COM		2013-05-21	2013-05-22
	2000. CORRECTIONS CORP OF 7.750% 6/01/17		2011-08-10	2013-01-18
	11000. CORRECTIONS CORP OF 7.750% 6/01/17		2011-10-06	2013-01-28
	244. CR SUISSE GR ADR RIGHTS DEEMED REC'D		2011-07-20	2012-08-14
	183. CR SUISSE GR ADR RIGHTS DEEMED REC'D		2012-05-09	2012-08-14
	132. CREDIT SUISSE GROUP SPONSORED ADR		2011-05-26	2012-12-14
	114. CREDIT SUISSE GROUP SPONSORED ADR		2011-09-16	2012-12-17
	112. CREDIT SUISSE GROUP SPONSORED ADR		2011-10-07	2012-12-18
	9. CREDIT SUISSE GROUP SPONSORED ADR		2012-05-09	2012-12-18
	60. CREDIT SUISSE GROUP SPONSORED ADR		2012-05-09	2012-12-19
	35000. CREDIT SUISSE NEW YO 5.500% 5/01/14		2009-08-26	2013-04-05
	2000. CROWN CASTLE INTL CO 9.000% 1/15/15		2011-09-29	2012-09-21
	5000. CROWN CASTLE INTL CO 9.000% 1/15/15		2011-08-17	2012-09-21
	8. CUBESMART		2012-09-06	2012-09-20
	100. CUBESMART		2012-09-06	2013-05-16
	185. CUBIC CORP COM		2012-11-21	2013-01-25
	15. DDR CORP		2012-09-06	2012-09-20
	63. DDR CORP		2012-09-06	2012-10-10
	58. DDR CORP		2012-09-06	2013-01-09
	150. DDR CORP		2012-09-06	2013-05-16
	10. DIGITAL RLTY TR INC		2010-12-13	2012-09-04
	2. DIGITAL RLTY TR INC		2012-09-06	2012-09-20
	20. DIGITAL RLTY TR INC		2012-09-06	2012-10-10
	58. DIGITAL RLTY TR INC		2012-09-06	2012-11-07
	43. DIGITAL RLTY TR INC		2012-09-06	2013-03-26
	9. DIGITAL RLTY TR INC		2012-09-06	2013-04-01
	43. DIGITAL RLTY TR INC		2010-12-13	2013-04-01
	10000. DIRECTV HLDG/FIN INC 3.500% 3/01/16		2012-05-23	2013-04-05
	119. DOMINION RES INC VA NEW COM		2011-11-22	2013-01-10
	101. DOMINION RES INC VA NEW COM		2011-11-22	2013-01-22
	5. DOUGLAS EMMETT INC		2012-09-06	2012-09-20
	30. DOUGLAS EMMETT INC		2012-09-06	2013-02-13
	109. DOUGLAS EMMETT INC		2012-09-06	2013-02-27
	31. DOUGLAS EMMETT INC		2010-12-13	2013-03-26
	29. DOUGLAS EMMETT INC		2012-09-06	2013-03-26
	29. DOUGLAS EMMETT INC		2010-12-13	2013-04-01
	2957.653 DREYFUS/THE BOSTON CO S/C - I #6941		2009-04-02	2013-04-29
	102. DUKE RLTY INVTS INC COM NEW		2013-04-10	2013-05-16
	.3328 DUKE ENERGY HOLDING CORP. COM		2011-11-22	2012-07-13
	.079 DUKE ENERGY HOLDING CORP. COM		2012-05-14	2012-07-13
	104. DUKE ENERGY HOLDING CORP. COM		2012-10-25	2013-01-10
	235. DUKE ENERGY HOLDING CORP. COM		2011-11-22	2013-01-10
	289. DUKE ENERGY HOLDING CORP. COM		2011-11-22	2013-01-22
	4. DUPONT FABROS TECHNOLOGY INC		2012-09-06	2012-09-20
	45. DUPONT FABROS TECHNOLOGY INC		2012-09-06	2013-05-16
	55. EPR PROPERTIES		2012-09-19	2013-05-16
	16. EPR PROPERTIES		2012-09-06	2013-05-29
	8134.49 EATON VANCE FLOATING RATE FD-I #924		2013-02-19	2013-04-29
	3250.271 EATON VANCE FLOATING RATE FD-I #924		2013-02-19	2013-05-28
	4000. ECHOSTAR DBS CORP 7.125% 2/01/16		2011-08-05	2013-02-20
	3000. ECHOSTAR DBS CORP 7.125% 2/01/16		2011-08-05	2013-05-30
	11. ECOLAB INC COM		2012-05-09	2012-07-05
	31. ECOLAB INC COM		2012-11-21	2012-12-04
	54. EDUCATION RLTY TR INC		2011-12-29	2012-07-02
	2000. EL PASO CORPORATION 7.000% 6/15/17		2011-09-08	2013-02-19
	2000. EL PASO CORPORATION 7.000% 6/15/17		2011-09-08	2013-05-29
	42. EMBRAER SA ADR		2011-02-08	2013-01-24
	14. EMBRAER SA ADR		2011-02-08	2013-02-26
	32. EMBRAER SA ADR		2011-02-08	2013-02-27
	28. EMBRAER SA ADR		2011-02-08	2013-04-12
	16. EMBRAER SA ADR		2011-02-08	2013-04-15
	5. EMBRAER SA ADR		2012-05-09	2013-04-16
	10. EMBRAER SA ADR		2011-02-08	2013-04-16
	114. ENDO PHARMACEUTICALS HLDGS INC COM		2012-03-09	2013-04-18
	167. ENDO PHARMACEUTICALS HLDGS INC COM		2012-11-21	2013-04-18
	6000. ENERGY FUTURE/EFIH 10.000% 12/01/20		2011-08-09	2013-02-15
	2000. ENERGY FUTURE/EFIH 10.000% 12/01/20		2011-08-09	2013-02-21
	3000. ENERGY TRANSFER EQUI 7.500% 10/15/20		2011-10-06	2012-10-03
	1000. ENERGY TRANSFER EQUI 7.500% 10/15/20		2011-10-06	2012-10-05
	2000. ENERGY TRANSFER EQUI 7.500% 10/15/20		2011-08-11	2012-10-05
	3000. ENERGY TRANSFER EQUI 7.500% 10/15/20		2011-08-11	2013-02-21
	2000. ENERGY TRANSFER EQUI 7.500% 10/15/20		2011-08-11	2013-05-30
	484.396 THE ENDOWMENT TEI FUND LP		2012-02-29	2012-12-31
	701.32 THE ENDOWMENT TEI FUND LP		2012-02-29	2013-03-31
	3. EQUITY LIFESTYLE PPTYS INC		2010-12-13	2012-08-08
	20. EQUITY LIFESTYLE PPTYS INC		2012-09-06	2012-09-19
	35. EQUITY LIFESTYLE PPTYS INC		2012-09-06	2012-09-26
	26. EQUITY LIFESTYLE PPTYS INC		2010-12-13	2012-10-02
	1. EQUITY LIFESTYLE PPTYS INC		2012-09-06	2012-10-02
	22. EQUITY ONE INC COM		2012-03-07	2012-07-02
	4. EQUITY ONE INC COM		2012-09-06	2012-09-20
	63. EQUITY ONE INC COM		2012-09-06	2012-10-10
	61. EQUITY ONE INC COM		2012-09-06	2013-02-20
	52. EQUITY ONE INC COM		2012-09-06	2013-05-16
	11. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2012-09-20
	32. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2012-10-10
	117. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2012-11-29
	116. EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2013-03-26
	16.99845 EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2013-05-16
	54.00155 EQUITY RESIDENTIAL PPTYS TR SH BEN INT		2012-09-06	2013-05-16
	942. ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN A G SPONSORED ADR		2011-02-08	2012-07-09
	526. ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN A G SPONSORED ADR		2011-12-28	2012-07-09
	2. ESSEX PPTY TR INC COM W/RTS ATTACHED 11/11/2008		2012-09-06	2012-09-20
	15. ESSEX PPTY TR INC COM W/RTS ATTACHED 11/11/2008		2012-09-06	2013-05-16
	2000. EP ENERGY/EP FINANCE 9.375% 5/01/20		2013-02-01	2013-02-21
	867. EXELON CORP COM		2012-08-13	2012-12-06
	63. EXPEDIA INC		2012-11-21	2013-03-21
	4. EXTRA SPACE STORAGE INC		2012-09-06	2012-09-20
	61. EXTRA SPACE STORAGE INC		2012-09-06	2013-05-16
	213. FMC TECHNOLOGIES INC COM		2012-11-21	2013-02-14
	50000. FED HOME LN BK 5.500% 8/13/14		2009-08-18	2013-04-05
	2. FEDERAL RLTY INVT TR SH BEN INT NEW W/RIGHTS ATTACHED EXP		2012-09-06	2012-09-20
	28. FEDERAL RLTY INVT TR SH BEN INT NEW W/RIGHTS ATTACHED EXP		2012-09-06	2013-05-16
	17. FEDERAL RLTY INVT TR SH BEN INT NEW W/RIGHTS ATTACHED EXP		2012-09-06	2013-05-29
	25000. FED HOME LN MTG CORP 2.000% 8/25/16		2012-05-23	2013-04-05
	25000. FED NATL MTG ASSN 2.375% 7/28/15		2010-07-29	2013-04-05
	30000. FED NATL MTG ASSN 2.625% 11/20/14		2010-03-30	2013-04-05
	2000. FIRST DATA CORPORATI 9.875% 9/24/15		2011-08-26	2013-02-21
	6000. FIRST DATA CORPORATI 9.875% 9/24/15		2011-09-29	2013-04-09
	2. FIRST INDL RLTY TR INC COM		2012-09-19	2012-09-20
	166. FIRST INDL RLTY TR INC COM		2012-09-19	2013-05-16
	216. FIRST REPUBLIC BANK/SAN FRANCI		2013-04-30	2013-05-16
	44. FLSMIDTH & CO A/S ADR		2010-12-28	2013-01-02
	297. FLSMIDTH & CO A/S ADR		2010-12-28	2013-01-03
	395. FLSMIDTH & CO A/S ADR		2011-02-08	2013-01-04
	199. FLSMIDTH & CO A/S ADR		2012-05-09	2013-01-07
	241. FLSMIDTH & CO A/S ADR		2011-10-07	2013-01-07
	121. FLSMIDTH & CO A/S ADR		2011-10-07	2013-01-08
	13000. FORD MOTOR CREDIT CO 7.000% 10/01/13		2011-10-05	2013-02-19
	3000. GMAC LLC 8.000% 11/01/31		2011-08-10	2012-11-29
	4000. GMAC LLC 8.000% 11/01/31		2011-08-10	2013-02-21
	30000. GENERAL DYNAMICS COR 4.250% 5/15/13		2008-11-17	2012-12-07
	25000. GENERAL ELEC CAP COR 3.750% 11/14/14		2009-11-12	2013-04-05
	8. GENERAL GROWTH PROPERTIE-W/I		2011-07-12	2012-09-04
	15. GENERAL GROWTH PROPERTIE-W/I		2012-05-31	2012-09-04
	11. GENERAL GROWTH PROPERTIE-W/I		2012-09-06	2012-09-20
	67. GENERAL GROWTH PROPERTIE-W/I		2012-09-06	2012-09-26
	211. GENERAL GROWTH PROPERTIE-W/I		2013-04-23	2013-05-16
	3000. GENON ENERGY INC 9.875% 10/15/20		2011-12-14	2013-02-21
	427. GLAXO SMITHKLINE SPONSORED PLC ADR		2011-11-22	2013-01-10
	118. GLAXO SMITHKLINE SPONSORED PLC ADR		2012-07-25	2013-01-10
	465. GLAXO SMITHKLINE SPONSORED PLC ADR		2011-11-22	2013-01-22
	4. GLIMCHER RLTY TR COM		2012-06-01	2012-09-04
	22. GLIMCHER RLTY TR COM		2011-06-16	2012-09-04
	16. GLIMCHER RLTY TR COM		2012-09-06	2012-09-20
	327. GLIMCHER RLTY TR COM		2012-09-06	2012-11-29
	293. GLIMCHER RLTY TR COM		2012-09-06	2012-12-21
	128. GLIMCHER RLTY TR COM		2011-09-27	2012-12-21
	190. GLOBAL PMTS INC COM W/RIGHTS ATTACHED EXP 1/26/2011		2012-05-09	2012-07-24
	9469.697 GOLDMAN SACHS COMM STRATEGY #2653		2012-05-07	2012-06-07
	178. GREAT PLAINS ENERGY INC COM		2012-05-14	2012-08-03
	4000. HCA INC 7.875% 2/15/20		2011-09-30	2013-02-19
	2000. HCA INC 7.875% 2/15/20		2011-09-30	2013-05-30
	21. HCP INC		2011-05-09	2012-06-26
	7. HCP INC		2011-03-24	2012-06-27
	29. HCP INC		2012-09-06	2012-09-19
	1. HCP INC		2012-09-06	2012-09-20
	183. HCP INC		2011-11-22	2013-01-10
	155. HCP INC		2011-11-22	2013-01-22
	24. HCP INC		2012-09-06	2013-01-30
	58. HCP INC		2012-09-06	2013-05-16
	16. HSBC HLDGS PLC SPONSORED ADR NEW		2012-04-27	2012-07-20
	30. HSBC HLDGS PLC SPONSORED ADR NEW		2007-07-31	2012-07-20
	31. HSBC HLDGS PLC SPONSORED ADR NEW		2012-04-27	2012-07-24
	73. HALLIBURTON CO COM W/RIGHTS EXP 12/15/2005		2013-01-22	2013-01-25
	2000. HARRAHS OPERATING 11.250% 6/01/17		2011-08-29	2013-02-21
	14. HASBRO INC COM		2010-12-08	2012-06-06
	12. HASBRO INC COM		2010-12-08	2012-06-07
	9. HEALTH CARE REIT INC COM		2012-10-10	2012-12-21
	168. HEALTH CARE REIT INC COM		2011-11-22	2013-01-10
	142. HEALTH CARE REIT INC COM		2011-11-22	2013-01-22
	51. HEALTH CARE REIT INC COM		2012-10-10	2013-05-16
	406. HEINZ H J CO COM		2011-11-22	2013-01-10
	346. HEINZ H J CO COM		2011-11-22	2013-01-22
	22. HERSHA HOSPITALITY TR		2010-12-13	2012-09-20
	28. HERSHA HOSPITALITY TR		2012-09-06	2012-12-12
	125. HERSHA HOSPITALITY TR		2010-12-13	2012-12-12
	442. HERSHA HOSPITALITY TR		2012-09-06	2012-12-21
	20000. HEWLETT-PACKARD CO 4.500% 3/01/13		2008-03-12	2013-03-01
	2. HIGHWOODS PPTYS INC COM		2012-09-06	2012-09-20
	45. HIGHWOODS PPTYS INC COM		2012-09-06	2012-12-21
	16. HIGHWOODS PPTYS INC COM		2010-12-13	2012-12-21
	30. HOST MARRIOTT CORP NEW COM		2010-12-13	2012-09-20
	218. HOST MARRIOTT CORP NEW COM		2012-02-17	2013-05-16
	51. HOST MARRIOTT CORP NEW COM		2012-12-21	2013-05-16
	688. HOYA CORP ADR		2011-10-07	2012-11-30
	179. HOYA CORP ADR		2012-08-01	2012-11-30
	2000. HUNTINGTON INGALLS 6.875% 3/15/18		2012-04-04	2013-02-21
	2000. HUNTINGTON INGALLS 6.875% 3/15/18		2012-04-04	2013-05-30
	26. IPG PHOTONICS CORP		2012-08-28	2013-01-15
	2000. ICAHN ENTERPRISES/FI 8.000% 1/15/18		2011-09-29	2013-02-19
	2000. INTELSAT JACKSON HLD 7.250% 4/01/19		2012-03-13	2013-02-19
	2000. INTELSAT JACKSON HLD 7.250% 4/01/19		2012-03-20	2013-05-29
	50. INTERCONTINENTALEXCHANGE INC		2012-05-09	2012-11-20
	15000. IBM CORP 1.950% 7/22/16		2013-03-04	2013-04-05
	7000. INTL LEASING FINANCE 5.625% 9/20/13		2011-10-05	2013-02-21
	2000. IRON MOUNTAIN INC 8.375% 8/15/21		2011-08-26	2013-02-19
	2000. IRON MOUNTAIN INC 5.750% 8/15/24		2013-01-29	2013-05-29
	.1 ITAU UNIBANCO BANCO HOLDING S.A. ADR		2010-12-23	2013-05-28
	82. JP MORGAN CHASE & CO COM		2013-01-22	2013-03-08
	4124. JP MORGAN ALERIAN MLP INDEX EXCHANGE TRADED NOTE		2012-06-07	2012-11-15
	233. JOHNSON & JOHNSON COM		2011-11-22	2013-01-10
	198. JOHNSON & JOHNSON COM		2011-11-22	2013-01-22
	21. JOHNSON & JOHNSON COM		2007-07-13	2013-05-29
	1. JONES LANG LASALLE INC COM		2011-06-22	2012-09-20
	2. JONES LANG LASALLE INC COM		2011-06-22	2013-01-30
	1. JONES LANG LASALLE INC COM		2011-06-08	2013-01-30
	28. JONES LANG LASALLE INC COM		2013-01-16	2013-01-30
	2. JONES LANG LASALLE INC COM		2013-01-16	2013-05-16
	10. JONES LANG LASALLE INC COM		2011-06-08	2013-05-16
	62. KDDI CORP-UNSPONSORED ADR		2012-05-09	2013-01-23
	432. KDDI CORP-UNSPONSORED ADR		2011-10-07	2013-01-23
	10000. KELLOGG CO 4.450% 5/30/16		2013-03-04	2013-04-05
	130. KIMBERLY-CLARK CORP COM		2011-11-22	2012-07-25
	150. KIMBERLY-CLARK CORP COM		2011-11-22	2012-08-13
	159. KIMBERLY-CLARK CORP COM		2011-11-22	2013-01-10
	136. KIMBERLY-CLARK CORP COM		2011-11-22	2013-01-22
	.7219 KINDER MORGAN MANAGEMENT LLC COM		2010-12-08	2012-06-06
	14. KINDER MORGAN MANAGEMENT LLC COM		2010-12-08	2012-06-06
	.8392 KINDER MORGAN MANAGEMENT LLC COM		2012-06-08	2012-09-05
	.8782 KINDER MORGAN MANAGEMENT LLC COM		2012-06-08	2012-11-15
	24.7694 KINDER MORGAN MANAGEMENT LLC COM		2010-12-08	2013-01-08
	29.2306 KINDER MORGAN MANAGEMENT LLC COM		2012-06-08	2013-01-08
	1000. KINDER MORGAN FIN CO 5.700% 1/05/16		2011-08-17	2012-06-07
	1000. KINDER MORGAN FIN CO 5.700% 1/05/16		2011-08-17	2012-06-08
	3000. KINDER MORGAN FIN CO 5.700% 1/05/16		2011-08-17	2012-06-12
	8000. KINDER MORGAN FIN CO 5.700% 1/05/16		2011-09-29	2012-11-29
	36. KNOLL INC		2010-12-08	2012-06-06
	36. KNOLL INC		2010-12-08	2012-06-07
	187. KOMATSU LTD SPONSORED ADR NEW		2011-02-08	2013-04-04
	390. KRAFT FOODS GROUP INC		2012-10-15	2013-01-10
	332. KRAFT FOODS GROUP INC		2012-12-06	2013-01-22
	226. LI & FUNG LTD ADR		2011-09-01	2013-01-03
	462. LI & FUNG LTD ADR		2012-05-09	2013-01-03
	1749. LI & FUNG LTD ADR		2011-10-07	2013-01-15
	397. LI & FUNG LTD ADR		2012-07-25	2013-01-15
	6363. LI & FUNG LTD ADR		2011-10-07	2013-02-07
	693. LI & FUNG LTD ADR		2012-02-08	2013-02-07
	55. LUMH MOET HENNESSY LOUIS VUITTON		2010-12-28	2012-09-04
	58. LUMH MOET HENNESSY LOUIS VUITTON		2010-12-28	2012-12-07
	191. LAM RESH CORP COM		2012-11-21	2012-11-28
	44. LANDSTAR SYS INC COM		2013-04-30	2013-05-21
	178. LANDSTAR SYS INC COM		2012-05-09	2013-05-21
	43. LAS VEGAS SANDS CORP		2012-05-09	2013-01-31
	7. LASALLE HOTEL PPTYS COM SH BEN INT		2012-05-31	2012-08-15
	5. LASALLE HOTEL PPTYS COM SH BEN INT		2010-12-13	2012-09-04
	6. LASALLE HOTEL PPTYS COM SH BEN INT		2012-05-31	2012-09-04
	23. LASALLE HOTEL PPTYS COM SH BEN INT		2012-09-06	2012-09-12
	30. LASALLE HOTEL PPTYS COM SH BEN INT		2012-09-06	2012-09-19
	1. LASALLE HOTEL PPTYS COM SH BEN INT		2012-09-06	2012-09-20
	85. LASALLE HOTEL PPTYS COM SH BEN INT		2012-09-06	2012-11-07
	59. LASALLE HOTEL PPTYS COM SH BEN INT		2010-12-13	2012-11-14
	38. LASALLE HOTEL PPTYS COM SH BEN INT		2012-09-06	2012-11-14
	8222.104 LAZARD EMERGING MKTS PTFL #638		2008-07-29	2012-08-03
	33009.064 LAZARD EMERGING MKTS PTFL #638		2009-04-02	2013-01-14
	414. LENDER PROCESSING SERVICES INC		2012-11-21	2013-01-29
	16000. LEVEL 3 FINANCING IN 8.750% 2/15/17		2011-08-05	2012-09-05
	6000. LEVEL 3 FINANCING IN 8.750% 2/15/17		2011-09-30	2012-09-05
	3000. LEVEL 3 FINANCING IN 8.125% 7/01/19		2012-10-10	2013-02-19
	2000. LEVEL 3 FINANCING IN 8.125% 7/01/19		2012-10-09	2013-05-29
	318. LILLY ELI & CO COM W/RTS EXP 7/28/2008		2012-02-03	2012-10-25
	360. LILLY ELI & CO COM W/RTS EXP 7/28/2008		2011-11-22	2013-01-10
	306. LILLY ELI & CO COM W/RTS EXP 7/28/2008		2011-11-22	2013-01-22
	72. LINCOLN NATL CORP COM		2013-01-22	2013-03-08
	50. LINCOLN NATL CORP COM		2013-01-22	2013-03-11
	64. LINCOLN NATL CORP COM		2013-01-22	2013-03-15
	2000. LINN ENERGY, LLC/LIN 7.750% 2/01/21		2012-05-18	2013-05-29
	55. LORILLARD INC		2011-11-22	2013-01-10
	141. LORILLARD INC		2011-11-22	2013-01-22
	200. LUFKIN INDS INC COM		2012-11-08	2013-04-22
	2000. MGM MIRAGE INC 7.625% 1/15/17		2012-01-19	2013-02-19
	2000. MARKWEST ENERGY PART 6.750% 11/01/20		2011-10-11	2013-02-19
	4000. MASCO CORP 5.950% 3/15/22		2012-03-15	2013-02-19
	45. MCDONALDS CORP COM		2012-12-06	2013-01-10
	117. MCDONALDS CORP COM		2011-11-22	2013-01-10
	138. MCDONALDS CORP COM		2012-12-06	2013-01-22
	255. MCGRAW HILL COS INC		2007-07-13	2012-11-07
	2000. MEDIACOM BROADBAND 8.500% 10/15/15		2011-10-05	2012-08-27
	2000. MEDIACOM BROADBAND 8.500% 10/15/15		2011-08-10	2012-08-27
	3000. MEDIACOM BROADBAND 8.500% 10/15/15		2011-08-10	2012-08-27
	71. MEDICAL PPTYS TR INC		2013-04-10	2013-05-16
	163. MEDTRONIC INC COM W/RTS ATTACHED EXP 10/26/2010		2007-10-26	2012-11-07
	25000. MEDTRONIC INC 3.000% 3/15/15		2010-04-14	2013-04-05
	6. MERCADOLIBRE INC		2012-05-09	2013-05-01
	4. MERCADOLIBRE INC		2012-05-09	2013-05-08
	10. MERCADOLIBRE INC		2012-05-09	2013-05-09
	9. MERCADOLIBRE INC		2012-05-09	2013-05-10
	490. MERCK & CO INC NEW		2012-01-05	2013-01-10
	235. MERCK & CO INC NEW		2012-01-05	2013-01-22
	80. MERCK & CO INC NEW		2012-01-05	2013-01-24
	60. MERCK & CO INC NEW		2012-01-05	2013-01-25
	41. MERCK & CO INC NEW		2012-01-05	2013-01-25
	290. METROPCS COMMUNICATIONS INC		2012-11-21	2013-04-22
	201. METROPCS COMMUNICATIONS INC		2012-03-09	2013-04-22
	4. METTLER-TOLEDO INTL INC COM		2013-04-30	2013-05-31
	54. MICHELIN (CGDE) ADR		2012-09-07	2012-12-07
	42. MICHELIN (CGDE) ADR		2012-09-07	2012-12-07
	502.35 MIDWEST GENERATION 8.560% 1/02/16		2011-09-29	2012-07-02
	2970.11 MIDWEST GENERATION 8.560% 1/02/16		2011-09-29	2012-11-13
	25000. MORGAN STANLEY 5.300% 3/01/13		2011-04-15	2013-03-01
	4681.648 MORGAN STANLEY INS INTN RE I #8001		2007-07-05	2013-05-28
	13329.676 M/S INS FD EMERG MKTS DEBT I 8078		2011-08-25	2013-05-15
	27. MOSAIC CO/THE		2013-01-22	2013-03-20
	441. NCR CORP NEW COM		2012-05-09	2012-11-08
	5000. NRG ENERGY INC 8.500% 6/15/19		2011-09-29	2013-02-19
	455. NATIONAL GRID PLC ADR		2011-11-22	2013-01-10
	393. NATIONAL GRID PLC ADR		2012-01-09	2013-01-22
	2000. NEWFIELD EXPLORATION 7.125% 5/15/18		2011-09-29	2013-02-19
	133. NEWS CORP CL A		2007-07-13	2013-05-29
	317. NEXEN INC COM		2012-05-14	2013-02-25
	15. NOBLE ENERGY INC COM		2013-01-22	2013-02-25
	20. NOBLE ENERGY INC COM		2013-01-22	2013-02-27
	13. NOBLE ENERGY INC COM		2013-01-22	2013-02-28
	143. NOVARTIS AG SPONSORED ADR		2011-04-11	2012-09-21
	13. NOVO-NORDIST A S ADR		2012-05-09	2012-07-13
	8. NOVO-NORDIST A S ADR		2012-05-09	2012-07-13
	8. NOVO-NORDIST A S ADR		2010-12-28	2012-09-19
	5. NOVO-NORDIST A S ADR		2012-05-09	2012-09-19
	149. NU SKIN ENTERPRISES INC CL A		2012-06-08	2013-03-05
	20000. OCCIDENTAL PETROLEUM 2.500% 2/01/16		2011-04-01	2013-04-05
	20. OWENS & MINOR INC NEW COM		2010-12-08	2012-06-06
	21. OWENS & MINOR INC NEW COM		2010-12-08	2012-06-07
	27126.322 PIMCO FOREIGN BOND FUND-INST		2007-07-05	2013-03-28
	432. PPL CORP COM		2011-11-22	2013-01-10
	367. PPL CORP COM		2011-11-22	2013-01-22
	4. PS BUSINESS PARKS INC/CA		2012-02-16	2012-06-26
	11. PS BUSINESS PARKS INC/CA		2010-12-13	2012-10-01
	30. PS BUSINESS PARKS INC/CA		2012-09-06	2012-10-01
	7000. PAETEC HOLDING CORP 8.875% 6/30/17		2011-09-29	2013-01-22
	2000. PEABODY ENERGY CORP 6.500% 9/15/20		2012-06-01	2013-02-21
	66. PEBBLEBROOK HOTEL TRUST		2013-01-30	2013-05-16
	4000. PENN NATIONAL GAMING 8.750% 8/15/19		2011-08-10	2013-02-19
	2000. PENN NATIONAL GAMING 8.750% 8/15/19		2011-08-10	2013-05-29
	52. PENNSYLVANIA REAL ESTATE INVT TR SH BEN INT W/RIGHTS ATTACHED EXP		2012-12-21	2013-01-16
	85. PENNSYLVANIA REAL ESTATE INVT TR SH BEN INT W/RIGHTS ATTACHED EXP		2012-12-21	2013-05-16
	87. PEPSICO INC COM		2011-11-22	2013-01-10
	74. PEPSICO INC COM		2011-11-22	2013-01-22
	15000. PEPSICO INC 2.500% 5/10/16		2012-12-11	2013-04-05
	436. PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR		2011-02-08	2012-10-03
	250. PHILIP MORRIS INTERNATIONAL IN		2011-11-22	2012-07-25
	110. PHILIP MORRIS INTERNATIONAL IN		2011-11-22	2013-01-10
	35. PHILIP MORRIS INTERNATIONAL IN		2011-11-22	2013-01-22
	135. PHILLIPS 66		2007-07-13	2013-05-29
	8090.615 PIMCO COMMODITY REAL RET STRAT-I#45		2009-04-02	2012-06-07
	2000. PLAINS EXPLORATION 6.625% 5/01/21		2012-09-13	2013-02-19
	2000. POST HOLDINGS INC 7.375% 2/15/22		2013-02-13	2013-05-29
	98. PROCTER & GAMBLE CO COM		2011-11-22	2013-01-10
	83. PROCTER & GAMBLE CO COM		2011-11-22	2013-01-22
	51. PROLOGIS INC		2012-12-21	2013-04-10
	181. PROLOGIS INC		2012-12-12	2013-05-16
	5. PUBLIC STORAGE INC COM		2010-12-13	2012-08-08
	4. PUBLIC STORAGE INC COM		2010-12-13	2012-08-15
	2. PUBLIC STORAGE INC COM		2012-09-06	2012-09-20
	13. PUBLIC STORAGE INC COM		2012-09-06	2013-04-03
	17. PUBLIC STORAGE INC COM		2012-09-06	2013-05-08
	32. PUBLIC STORAGE INC COM		2012-09-06	2013-05-16
	12. PUBLIC STORAGE INC COM		2012-09-06	2013-05-29
	51. QUESTCOR PHARMACEUTICALS INC		2012-05-09	2012-07-05
	79. QUESTCOR PHARMACEUTICALS INC		2012-05-09	2012-10-23
	845. RPC ENERGY SVC INC COM		2012-05-09	2012-11-08
	9. RAMCO-GERSHENSON PPTYS TR COM		2012-09-06	2012-09-20
	134. RAMCO-GERSHENSON PPTYS TR COM		2012-09-06	2012-10-26
	188. RAMCO-GERSHENSON PPTYS TR COM		2012-09-06	2013-01-03
	49. RAMCO-GERSHENSON PPTYS TR COM		2012-09-06	2013-01-09
	10. RAMCO-GERSHENSON PPTYS TR COM		2010-12-13	2013-04-03
	97. RAMCO-GERSHENSON PPTYS TR COM		2012-09-06	2013-04-03
	44. RAMCO-GERSHENSON PPTYS TR COM		2012-01-27	2013-05-08
	16. RAMCO-GERSHENSON PPTYS TR COM		2012-05-18	2013-05-16
	3. RAMCO-GERSHENSON PPTYS TR COM		2012-01-27	2013-05-16
	2000. RANGE RESOURCES CORP 6.750% 8/01/20		2011-10-11	2013-02-19
	2000. RANGE RESOURCES CORP 6.750% 8/01/20		2011-10-11	2013-05-30
	162. RECKITT BENCKISER GROUP- ADR		2012-05-09	2012-09-19
	106. RECKITT BENCKISER GROUP- ADR		2012-05-09	2012-10-24
	68. RECKITT BENCKISER GROUP- ADR		2010-12-28	2012-10-24
	109. RECKITT BENCKISER GROUP- ADR		2010-12-28	2012-11-28
	165. RECKITT BENCKISER GROUP- ADR		2010-12-28	2012-12-07
	3000. REGIONS FINANCIAL CO 5.750% 6/15/15		2011-09-01	2012-10-04
	4000. REGIONS FINANCIAL CO 5.750% 6/15/15		2011-10-11	2012-10-18
	10. RELIANCE STL & ALUM CO COM		2012-03-09	2012-07-05
	51. RELIANCE STL & ALUM CO COM		2012-11-21	2012-12-06
	93. RETAIL PROPERTIES OF AME-A		2012-09-06	2012-11-07
	124. RETAIL PROPERTIES OF AME-A		2012-09-06	2013-03-22
	55. RETAIL PROPERTIES OF AME-A		2012-09-06	2013-05-16
	331. REYNOLDS AMERICAN INC		2011-11-22	2013-01-10
	173. REYNOLDS AMERICAN INC		2012-10-25	2013-01-10
	429. REYNOLDS AMERICAN INC		2011-11-22	2013-01-22
	2000. RITE AID CORP 7.500% 3/01/17		2012-01-19	2013-05-30
	17882.114 ROWE T PRICE REAL ESTATE FD COM		2008-07-01	2012-08-30
	78. ROYAL DUTCH SHELL PLC ADR		2012-10-25	2013-01-10
	283. ROYAL DUTCH SHELL PLC ADR		2011-11-22	2013-01-10
	308. ROYAL DUTCH SHELL PLC ADR		2011-11-22	2013-01-22
	10804.97 ROYCE PREMIER FUND W CLASS #566		2010-04-07	2012-06-11
	5561.802 ROYCE PREMIER FUND W CLASS #566		2010-04-07	2013-04-29
	3.00103 SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2012-09-06	2012-09-20
	3.99897 SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2012-09-06	2012-09-20
	57. SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2012-09-06	2012-12-21
	13. SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2012-09-06	2013-01-03
	15. SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2012-09-06	2013-01-16
	53. SL GREEN RLTY CORP COM W/RIGHTS ATTACHED EXP 3/5/2010		2013-04-03	2013-05-16
	301. SPDR TR UNIT SER 1		2007-06-21	2013-05-28
	47. SPDR GOLD TRUST		2012-05-14	2013-01-04
	198. SPDR S&P MIDCAP 400 ETF TRUST		2007-07-05	2012-08-30
	2000. SALLY HOLDINGS/SALLY 5.750% 6/01/22		2012-10-11	2013-05-29
	5000. SANDRIDGE ENERGY INC 7.500% 3/15/21		2012-05-07	2013-01-15
	3000. SANDRIDGE ENERGY INC 7.500% 3/15/21		2012-05-07	2013-01-17
	2000. SANDRIDGE ENERGY INC 7.500% 3/15/21		2012-05-07	2013-05-29
	45. SANOFI-AVENTIS SPONSORED ADR		2013-01-22	2013-04-29
	30. SANOFI-AVENTIS SPONSORED ADR		2013-01-22	2013-04-30
	527. SANOFI CONTINGENT VALUE RTS 12/31/20		2012-05-14	2012-09-21
	31. SAP AG SPONSORED ADR		2012-05-09	2012-07-12
	17. SAP AG SPONSORED ADR		2012-05-09	2012-09-19
	11. SAP AG SPONSORED ADR		2011-02-08	2012-09-19
	15. SAP AG SPONSORED ADR		2012-01-10	2012-10-24
	12. SAP AG SPONSORED ADR		2011-02-08	2012-10-24
	21. SAUL CTRS INC COM		2012-10-10	2013-05-16
	121. SBERBANK-SPONSORED ADR		2012-05-09	2012-12-14
	153. SBERBANK-SPONSORED ADR		2011-09-09	2012-12-14
	660. SBERBANK-SPONSORED ADR		2011-10-07	2013-03-27
	72. SCANA CORP W-I COM		2012-05-14	2013-05-31
	57. SCHLUMBERGER LTD COM		2011-08-27	2013-02-04
	59. SCHLUMBERGER LTD COM		2011-08-27	2013-02-14
	46. SCHLUMBERGER LTD COM		2011-08-27	2013-05-20
	4000. SEALED AIR CORPORATI 7.875% 6/15/17		2012-01-12	2013-03-20
	2000. SEALED AIR CORPORATI 7.875% 6/15/17		2012-08-08	2013-03-20
	3000. SEARS HOLDING CORP 6.625% 10/15/18		2011-09-23	2013-02-19
	2000. SEARS HOLDING CORP 6.625% 10/15/18		2011-09-09	2013-05-29
	8. SENIOR HSG PPTYS TR SH BEN INT		2012-07-26	2012-09-20
	51. SENIOR HSG PPTYS TR SH BEN INT		2012-09-06	2013-05-16
	6. SIEMENS A G SPONSORED ADR		2011-05-09	2012-08-31
	7. SIEMENS A G SPONSORED ADR		2011-05-09	2012-09-04
	19. SIEMENS A G SPONSORED ADR		2011-03-10	2012-09-19
	25. SIEMENS A G SPONSORED ADR		2011-02-08	2012-10-11
	3. SIMON PPTY GRP INC NEW COM		2012-05-25	2012-08-08
	2. SIMON PPTY GRP INC NEW COM		2012-08-28	2012-09-04
	2. SIMON PPTY GRP INC NEW COM		2012-02-14	2012-09-04
	2.99787 SIMON PPTY GRP INC NEW COM		2012-09-06	2012-09-20
	9.00213 SIMON PPTY GRP INC NEW COM		2012-09-06	2012-09-20
	6. SIMON PPTY GRP INC NEW COM		2012-09-06	2013-05-08
	93. SIMON PPTY GRP INC NEW COM		2012-09-06	2013-05-16
	15. SIMON PPTY GRP INC NEW COM		2012-09-06	2013-05-29
	2000. SMITHFIELD FOODS INC 7.750% 7/01/17		2011-08-18	2013-02-19
	148. SONOVA HOLDIN-UNSPON ADR		2013-04-01	2013-05-10
	174. SONOVA HOLDIN-UNSPON ADR		2011-03-28	2013-05-10
	518. SOUTHERN CO COM		2011-11-22	2013-01-10
	440. SOUTHERN CO COM		2011-11-22	2013-01-22
	9000. SPRINT CAP CORP NT DTD 5/6/99 6.9% 05/01/2019		2011-08-05	2012-09-27
	2000. SPRINT CAP CORP NT DTD 5/6/99 6.9% 05/01/2019		2011-08-05	2013-02-19
	3000. SPRINT CAP CORP NT DTD 5/6/99 6.9% 05/01/2019		2011-08-05	2013-05-30
	7. STARWOOD HOTELS & RESORTS WORLDWIDE		2010-12-13	2012-08-15
	4. STARWOOD HOTELS & RESORTS WORLDWIDE		2010-12-13	2012-08-22
	23. STARWOOD HOTELS & RESORTS WORLDWIDE		2011-08-10	2012-08-28
	131. STRATEGIC HOTELS & RESORTS INC		2012-04-19	2013-05-16
	12. STRATEGIC HOTELS & RESORTS INC		2012-09-06	2013-05-16
	56. SUNSTONE HOTEL INVS INC NEW		2012-09-06	2013-05-16
	81. SWATCH GROUP AG/THE-UNSP ADR		2012-09-04	2013-01-29
	75. SWATCH GROUP AG/THE-UNSP ADR		2012-09-04	2013-03-07
	267. SWATCH GROUP AG/THE-UNSP ADR		2011-02-08	2013-03-08
	241. SYNNEX CORP		2012-05-09	2012-09-06
	28. TRW AUTOMOTIVE HLDGS CORP		2012-10-25	2012-11-21
	126. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2012-09-19	2012-10-19
	124. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2012-09-19	2012-10-22
	48. TAUBMAN CTRS INC COM		2012-09-06	2013-04-23
	29. TAUBMAN CTRS INC COM		2012-09-19	2013-05-16
	.75 TENET HEALTHCARE CORPORATION		2012-06-08	2012-10-15
	2000. TENET HEALTHCARE 9.250% 2/01/15		2011-08-18	2013-02-19
	5000. TEREX CORP 10.875% 6/01/16		2011-08-26	2012-09-28
	119. TESCO PLC SPONSORED ADR		2010-12-28	2012-06-29
	38. TESCO PLC SPONSORED ADR		2010-12-28	2012-06-29
	146. TESCO PLC SPONSORED ADR		2010-12-28	2012-10-08
	144. TESCO PLC SPONSORED ADR		2011-02-08	2012-10-09
	277. TESCO PLC SPONSORED ADR		2011-02-08	2012-10-10
	120. TESCO PLC SPONSORED ADR		2012-05-09	2012-10-11
	75. TESCO PLC SPONSORED ADR		2011-02-08	2012-10-11
	52. TEVA PHARMACEUTICAL INDS LTD ADR		2011-02-08	2012-12-06
	57. TEVA PHARMACEUTICAL INDS LTD ADR		2011-02-08	2013-02-06
	15000. TEVA PHARMACEUT FIN 2.400% 11/10/16		2013-03-07	2013-04-05
	190. TOTAL FINA ELF S A SPONSORED ADR		2011-11-22	2013-01-10
	301. TOTAL FINA ELF S A SPONSORED ADR		2012-10-25	2013-01-10
	418. TOTAL FINA ELF S A SPONSORED ADR		2011-11-22	2013-01-22
	16. TOYOTA MTR CORP COM (ADR 2)		2011-02-09	2013-03-27
	17. TOYOTA MTR CORP COM (ADR 2)		2011-02-08	2013-04-17
	283. TURKIYE GARANTI BANKSASI-ADR		2010-12-28	2012-11-28
	880. TURKIYE GARANTI BANKSASI-ADR		2011-02-08	2013-04-02
	291. TURKIYE GARANTI BANKSASI-ADR		2012-05-09	2013-04-03
	470. TURKIYE GARANTI BANKSASI-ADR		2011-10-07	2013-04-03
	50. UDR INC REITS		2010-12-08	2012-06-06
	50. UDR INC REITS		2010-12-08	2012-06-07
	179. ULTRA PETE CORP COM		2012-08-29	2012-10-02
	379. UNILEVER PLC SPONSORED ADR NEW		2011-11-22	2012-10-25
	163. UNILEVER PLC SPONSORED ADR NEW		2011-11-22	2013-01-10
	138. UNILEVER PLC SPONSORED ADR NEW		2011-11-22	2013-01-22
	2000. UNITED RENTALS NORTH 9.250% 12/15/19		2011-08-05	2013-02-19
	2000. UNITED RENTALS NORTH 9.250% 12/15/19		2011-08-05	2013-05-30
	40000. US TREASURY NOTE 2.625% 2/29/16		2011-03-29	2013-04-05
	25000. US TREASURY NOTE 2.625% 7/31/14		2009-08-18	2013-04-05
	25000. US TREASURY NOTE 2.500% 3/31/15		2010-03-30	2013-04-05
	25000. US TREASURY NOTE 1.250% 10/31/15		2011-02-25	2013-04-05
	15000. UNITED TECHNOLOGIES 1.800% 6/01/17		2012-12-11	2013-04-05
	3093. VANGARD MSCI EMERGING MARKETS EFT		2011-10-27	2012-08-07
	6. VENTAS INC-COM		2010-12-13	2012-06-27
	190. VENTAS INC-COM		2012-04-11	2012-08-13
	5. VENTAS INC-COM		2010-12-13	2012-09-04
	4. VENTAS INC-COM		2012-09-06	2012-09-20
	12. VENTAS INC-COM		2012-09-06	2012-12-28
	53. VENTAS INC-COM		2012-09-06	2013-05-16
	15. VERIFONE SYSTEMS, INC.		2013-01-23	2013-02-22
	135. VERIFONE SYSTEMS, INC.		2013-01-23	2013-02-27
	24. VERIFONE SYSTEMS, INC.		2013-01-23	2013-02-28
	561. VERIZON COMMUNICATIONS COM		2011-11-22	2013-01-10
	477. VERIZON COMMUNICATIONS COM		2011-11-22	2013-01-22
	10. VIACOM INC NEW		2013-01-22	2013-05-23
	14. VIACOM INC NEW		2013-01-22	2013-05-28
	1000. VISTEON CORP 6.750% 4/15/19		2012-01-31	2012-12-14
	201.00256 VODAFONE GROUP PLC SPONSORED ADR		2012-10-25	2013-01-10
	519. VODAFONE GROUP PLC SPONSORED ADR		2011-11-22	2013-01-10
	172.99744 VODAFONE GROUP PLC SPONSORED ADR		2012-10-25	2013-01-10
	118.00461 VODAFONE GROUP PLC SPONSORED ADR		2011-11-22	2013-01-22
	642.99539 VODAFONE GROUP PLC SPONSORED ADR		2011-11-22	2013-01-22
	231. VODAFONE GROUP PLC SPONSORED ADR		2012-01-25	2013-02-01
	43. VODAFONE GROUP PLC SPONSORED ADR		2012-05-09	2013-02-01
	19. VORNADO RLTY TR COM		2013-01-30	2013-03-06
	31. VORNADO RLTY TR COM		2013-01-16	2013-03-06
	57. VORNADO RLTY TR COM		2013-03-26	2013-05-16
	21. VORNADO RLTY TR COM		2013-01-03	2013-05-29
	60. WAL-MART DE MEXICO S A DE C V SPONSORED ADR REPSTG SER V SHS		2011-02-08	2012-12-06
	87. WALGREEN CO COM W/RTS ATTACHED EXP 08/21/2006		2007-07-13	2013-05-29
	4200.782 WELLS FARGO ADV S/T H/Y-ADM #3769		2012-05-08	2013-04-29
	41. WESCO INTL INC COM		2013-04-30	2013-05-15
	2. WESCO INTL INC COM		2012-03-09	2013-05-15
	7. WESCO INTL INC COM		2012-03-09	2013-05-31
	25000. WESTPAC BANKING CORP 3.000% 8/04/15		2011-01-14	2013-04-05
	166. WEX INC		2012-11-21	2013-03-04
	455. WINDSTREAM CORP		2011-11-22	2013-01-10
	388. WINDSTREAM CORP		2011-11-22	2013-01-22
	53. WORLD ACCEP CORP DEL		2012-11-21	2013-02-28
	78. WORLD ACCEP CORP DEL		2012-05-09	2013-03-08
	3000. WYNN LAS VEGAS LLC/C 7.875% 5/01/20		2011-08-10	2012-06-20
	3000. WYNN LAS VEGAS LLC/C 7.875% 5/01/20		2011-08-10	2012-06-27
	2000. WYNN LAS VEGAS LLC/C 7.875% 5/01/20		2011-08-10	2013-02-21
	53. XCEL ENERGY INC COM		2012-05-14	2013-01-22
	2000. ZAYO GROUP LLC/ZAYO 8.125% 1/01/20		2012-09-18	2013-02-19
	46. CHECK POINT SOFTWARE TECH COM		2012-04-24	2013-04-25
	24. CHECK POINT SOFTWARE TECH COM		2012-05-09	2013-04-26
	47. CHECK POINT SOFTWARE TECH COM		2011-11-17	2013-04-26
	35. CHECK POINT SOFTWARE TECH COM		2012-05-24	2013-04-29
	29. CHECK POINT SOFTWARE TECH COM		2011-12-21	2013-04-29
	19. CHECK POINT SOFTWARE TECH COM		2011-12-21	2013-04-30
	.7 ASML HOLDING NV-NY REG SHS		2012-10-12	2012-12-11
	110. DEEMED REDEEMED ASML HOLDING NV ESCR		2012-10-19	2012-11-28
	544. QIAGEN N V ORD		2011-02-08	2013-01-09
	198.2344 ARDEN-SAGE MULT-STR TEI INST FD(RF)		2010-05-26	2012-06-30
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,437	3,097	340
b	12,050	10,317	1,733
c	10,633	8,547	2,086
d	20,911	17,178	3,733
e	17,373	14,603	2,770
	15,892	15,920	-28
	10,785	8,915	1,870
	10,001	8,018	1,983
	12,071	8,915	3,156
	3,423	3,585	-162
	9,786	9,407	379
	1,654	1,503	151
	1,580	1,838	-258
	1,582	1,838	-256
	1,582	1,730	-148
	1,598	1,730	-132
	2,190	2,150	40
	4,361	4,030	331
	2,408	1,985	423
	22,950	19,284	3,666
	19,694	16,368	3,326
	8,496	5,105	3,391
	13,236	19,432	-6,196
	1,074	1,064	10
	954	691	263
	1,527	1,544	-17
	6,216	5,398	818
	5,559	4,794	765
	710	590	120
	2,093	1,696	397
	6,962	4,811	2,151
	6,804	4,958	1,846
	4,757	7,740	-2,983
	159	165	-6
	2,611	2,128	483
	1,223	1,020	203
	6,251	5,029	1,222
	1,668	1,246	422
	2,139	1,509	630
	1,380	812	568
	10,611	11,338	-727
	1,647	1,502	145
	928	744	184
	972	772	200
	14,262	12,881	1,381
	11,497	10,695	802
	22,124	19,847	2,277
	3,390	3,164	226
	2,310	2,109	201
	556	575	-19
	3,563	3,879	-316
	2,740	2,874	-134
	1,784	1,868	-84
	1,911	2,155	-244
	2,049	2,299	-250
	1,941	2,012	-71
	2,185	2,235	-50
	27,183	24,453	2,730
	5,147	5,484	-337
	9,474	8,266	1,208
	1,877	2,469	-592
	2,755	3,671	-916
	216	274	-58
	1,479	1,895	-416
	5,095	6,334	-1,239
	10,152	10,405	-253
	388	384	4
	6,253	6,196	57
	6,255	5,771	484
	1,270	1,266	4
	2,446	2,320	126
	2,989	2,654	335
	4,920	4,284	636
	2,145	1,990	155
	2,354	3,280	-926
	7,130	6,285	845
	789	793	-4
	1,307	1,473	-166
	412	453	-41
	1,236	1,360	-124
	5,485	5,679	-194
	20,854	18,782	2,072
	18,116	15,973	2,143
	562	558	4
	7,931	7,444	487
	4,325	4,020	305
	2,151	1,973	178
	58	61	-3
	2,384	2,033	351
	534	481	53
	7,182	7,027	155
	2,153	2,043	110
	2,141	2,023	118
	1,495	1,623	-128
	644	696	-52
	3,153	3,869	-716
	2,310	2,090	220
	172	164	8
	190	187	3
	834	908	-74
	3,878	4,415	-537
	1,802	1,589	213
	581	513	68
	465	490	-25
	2,210	2,378	-168
	1,093	1,119	-26
	763	769	-6
	3,366	3,147	219
	44	44
	1,064	1,125	-61
	1,536	1,544	-8
	2,111	1,729	382
	1,267	2,054	-787
	2,976	4,748	-1,772
	3,480	3,872	-392
	718	1,093	-375
	2,950	4,483	-1,533
	2,999	4,170	-1,171
	6,829	10,231	-3,402
	1,913	2,586	-673
	11,780	17,186	-5,406
	2,280	2,847	-567
	2,220	2,120	100
	11,967	10,826	1,141
	11,004	10,625	379
	19,635	17,693	1,942
	14,723	14,170	553
	5,731	5,040	691
	5,200	4,362	838
	2,200	2,120	80
	3,098	2,993	105
	2,148	1,995	153
	5,944	5,326	618
	5,098	4,532	566
	190	200	-10
	1,538	1,598	-60
	1,878	1,709	169
	10,913	9,875	1,038
	11,788	11,175	613
	6,049	5,242	807
	13,774	12,145	1,629
	7,779	7,788	-9
	5,519	5,543	-24
	101	103	-2
	839	793	46
	1,402	1,377	25
	7	7
	12	12
	2,123	2,110	13
	11,633	11,605	28
	9		9
	7		7
	3,243	6,001	-2,758
	2,788	4,270	-1,482
	2,780	2,925	-145
	223	187	36
	1,511	1,246	265
	36,768	37,611	-843
	2,150	2,140	10
	5,375	5,350	25
	103	106	-3
	1,718	1,322	396
	8,771	8,402	369
	232	231	1
	964	971	-7
	911	894	17
	2,904	2,312	592
	746	523	223
	139	149	-10
	1,347	1,494	-147
	3,574	4,332	-758
	2,881	3,212	-331
	594	672	-78
	2,839	2,306	533
	10,634	10,563	71
	6,213	6,004	209
	5,363	5,095	268
	118	121	-3
	713	728	-15
	2,665	2,643	22
	768	490	278
	719	703	16
	717	429	288
	174,087	101,211	72,876
	1,898	1,782	116
	22	20	2
	5	5
	6,779	6,698	81
	15,317	14,065	1,252
	19,397	17,297	2,100
	103	111	-8
	1,203	1,248	-45
	3,248	2,589	659
	861	749	112
	75,000	74,512	488
	30,000	29,772	228
	4,455	4,170	285
	3,300	3,128	172
	756	708	48
	2,230	2,022	208
	596	511	85
	2,283	2,240	43
	2,275	2,240	35
	1,310	1,452	-142
	458	484	-26
	1,079	1,106	-27
	996	968	28
	542	553	-11
	169	164	5
	338	346	-8
	4,081	4,272	-191
	5,978	5,499	479
	6,690	5,940	750
	2,235	1,980	255
	3,428	3,052	376
	1,149	1,017	132
	2,298	1,990	308
	3,413	2,985	428
	2,311	1,990	321
	27,119	27,500	-381
	40,106	39,815	291
	209	156	53
	1,404	1,385	19
	2,393	2,424	-31
	1,791	1,408	383
	69	69
	468	411	57
	84	88	-4
	1,339	1,379	-40
	1,433	1,335	98
	1,362	1,138	224
	638	668	-30
	1,797	1,945	-148
	6,529	7,110	-581
	6,435	7,049	-614
	1,016	1,033	-17
	3,228	3,282	-54
	8,359	23,194	-14,835
	4,668	5,496	-828
	302	309	-7
	2,505	2,319	186
	2,260	2,263	-3
	25,437	33,400	-7,963
	3,937	2,745	1,192
	134	138	-4
	2,705	2,101	604
	10,896	10,026	870
	53,559	56,012	-2,453
	210	219	-9
	3,291	3,070	221
	1,857	1,864	-7
	26,274	26,175	99
	26,181	25,603	578
	31,155	29,929	1,226
	2,055	1,858	197
	6,161	5,547	614
	26	27	-1
	3,104	2,199	905
	8,596	7,407	1,189
	259	409	-150
	1,718	2,761	-1,043
	2,275	3,548	-1,273
	1,155	1,194	-39
	1,398	2,046	-648
	706	627	79
	13,456	13,900	-444
	3,782	2,860	922
	4,980	3,813	1,167
	30,507	29,905	602
	26,243	24,901	1,342
	165	133	32
	309	253	56
	216	234	-18
	1,290	1,422	-132
	4,836	4,514	322
	3,435	2,988	447
	18,975	18,065	910
	5,244	5,203	41
	20,739	19,672	1,067
	42	36	6
	232	204	28
	175	85	90
	3,511	3,544	-33
	3,228	3,066	162
	1,410	1,054	356
	7,950	8,978	-1,028
	50,000	55,019	-5,019
	3,947	3,596	351
	4,430	4,140	290
	2,190	2,060	130
	899	768	131
	299	238	61
	1,312	1,354	-42
	45	47	-2
	8,365	6,752	1,613
	7,218	5,637	1,581
	1,129	1,121	8
	3,127	2,708	419
	667	730	-63
	1,250	2,832	-1,582
	1,225	1,414	-189
	2,885	2,789	96
	2,124	2,125	-1
	488	697	-209
	420	598	-178
	546	535	11
	10,386	7,904	2,482
	8,890	6,856	2,034
	3,917	3,029	888
	23,690	20,604	3,086
	20,715	17,559	3,156
	118	95	23
	131	142	-11
	586	775	-189
	2,225	2,245	-20
	20,000	20,230	-230
	65	63	2
	1,506	1,499	7
	536	471	65
	494	518	-24
	4,042	3,713	329
	946	808	138
	13,185	16,781	-3,596
	3,430	4,013	-583
	2,180	2,140	40
	2,196	2,140	56
	1,767	1,631	136
	2,144	2,000	144
	2,146	2,110	36
	2,155	2,110	45
	6,455	6,593	-138
	15,579	15,597	-18
	7,123	6,940	183
	2,190	2,060	130
	2,035	2,050	-15
	2	2
	4,099	3,806	293
	156,351	151,971	4,380
	16,853	14,707	2,146
	14,408	12,497	1,911
	1,800	1,334	466
	80	95	-15
	184	189	-5
	92	87	5
	2,573	2,409	164
	194	172	22
	970	826	144
	1,066	973	93
	7,425	7,471	-46
	11,048	11,087	-39
	10,834	9,056	1,778
	12,388	10,449	1,939
	13,464	11,076	2,388
	11,852	9,474	2,378
	50	42	8
	972	809	163
	62	58	4
	61	60	1
	1,969	1,387	582
	2,324	1,985	339
	1,044	1,035	9
	1,044	1,035	9
	3,128	3,105	23
	8,730	8,198	532
	452	582	-130
	463	582	-119
	4,031	5,771	-1,740
	17,916	18,566	-650
	15,590	15,298	292
	826	851	-25
	1,689	1,880	-191
	5,006	6,289	-1,283
	1,136	1,411	-275
	16,246	30,065	-13,819
	1,769	3,192	-1,423
	1,785	1,810	-25
	2,065	1,909	156
	6,737	7,665	-928
	2,445	2,344	101
	9,889	9,765	124
	2,358	2,401	-43
	188	191	-3
	136	131	5
	163	164	-1
	667	642	25
	841	831	10
	27	28	-1
	2,033	2,355	-322
	1,350	1,544	-194
	869	1,053	-184
	154,000	180,557	-26,557
	655,560	401,849	253,711
	9,269	9,886	-617
	16,700	16,000	700
	6,263	5,956	307
	3,267	3,225	42
	2,186	2,150	36
	16,105	11,943	4,162
	19,162	13,039	6,123
	16,297	11,083	5,214
	2,342	2,014	328
	1,657	1,399	258
	2,129	1,790	339
	2,120	2,046	74
	6,383	5,979	404
	5,615	5,109	506
	17,666	9,892	7,774
	2,185	2,005	180
	2,180	2,035	145
	4,472	3,995	477
	4,107	3,966	141
	10,677	10,884	-207
	12,810	12,162	648
	13,321	16,180	-2,859
	2,045	1,984	61
	2,045	1,977	68
	3,068	2,966	102
	1,231	1,208	23
	6,788	8,158	-1,370
	26,199	25,064	1,135
	590	458	132
	471	305	166
	1,208	763	445
	1,081	667	414
	21,006	19,039	1,967
	10,119	9,131	988
	3,441	3,108	333
	2,576	2,331	245
	1,766	1,593	173
	3,299	1,955	1,344
	2,287	2,034	253
	891	820	71
	982	825	157
	767	642	125
	502	501	1
	2,770	2,956	-186
	25,000	26,652	-1,652
	100,000	154,354	-54,354
	171,286	170,000	1,286
	1,660	1,616	44
	9,790	9,732	58
	5,588	4,975	613
	25,334	22,686	2,648
	21,823	19,253	2,570
	2,070	2,100	-30
	4,355	2,939	1,416
	8,718	5,284	3,434
	1,661	1,618	43
	2,203	2,158	45
	1,442	1,403	39
	8,699	7,908	791
	1,888	1,873	15
	1,161	1,153	8
	1,247	903	344
	779	721	58
	6,128	6,489	-361
	21,058	19,848	1,210
	571	558	13
	602	586	16
	295,677	268,551	27,126
	12,519	12,614	-95
	10,881	10,716	165
	262	258	4
	731	600	131
	1,993	2,082	-89
	7,561	7,448	113
	2,116	2,010	106
	1,839	1,655	184
	4,530	4,279	251
	2,241	2,140	101
	948	916	32
	1,823	1,498	325
	6,166	5,514	652
	5,347	4,690	657
	15,800	15,851	-51
	9,675	14,150	-4,475
	21,791	18,087	3,704
	9,531	7,958	1,573
	3,146	2,532	614
	9,032	5,542	3,490
	50,000	51,861	-1,861
	2,186	2,110	76
	2,230	2,193	37
	6,745	6,076	669
	5,798	5,146	652
	2,062	1,855	207
	7,948	6,470	1,478
	722	498	224
	573	399	174
	284	295	-11
	1,977	1,914	63
	2,824	2,503	321
	5,348	4,712	636
	1,887	1,767	120
	2,596	2,080	516
	2,053	3,222	-1,169
	9,266	8,911	355
	118	118
	1,753	1,762	-9
	2,602	2,472	130
	681	644	37
	159	120	39
	1,544	1,276	268
	771	524	247
	281	186	95
	53	35	18
	2,190	2,120	70
	2,170	2,095	75
	1,905	1,852	53
	1,290	1,212	78
	828	766	62
	1,354	1,228	126
	2,084	1,860	224
	3,221	2,904	317
	4,350	3,869	481
	525	547	-22
	2,876	2,795	81
	1,153	1,047	106
	1,818	1,396	422
	862	619	243
	13,988	13,393	595
	7,311	7,112	199
	18,224	17,359	865
	2,053	2,043	10
	379,637	310,591	69,046
	5,546	5,448	98
	20,124	19,583	541
	22,268	21,313	955
	200,000	193,517	6,483
	110,068	99,612	10,456
	243	247	-4
	323	329	-6
	4,368	4,687	-319
	1,024	1,069	-45
	1,186	1,233	-47
	4,852	4,445	407
	49,998	46,694	3,304
	7,493	7,123	370
	34,921	32,684	2,237
	2,101	2,140	-39
	5,225	4,981	244
	3,135	2,989	146
	2,070	1,993	77
	2,452	2,145	307
	1,629	1,430	199
	880	722	158
	1,797	1,913	-116
	1,234	1,049	185
	799	650	149
	1,071	807	264
	857	709	148
	958	937	21
	1,462	1,445	17
	1,848	1,743	105
	8,172	6,895	1,277
	3,677	3,337	340
	4,530	5,390	-860
	4,715	5,579	-864
	3,549	4,108	-559
	4,225	4,258	-33
	2,113	2,160	-47
	2,867	2,622	245
	1,965	1,735	230
	177	181	-4
	1,508	1,151	357
	566	825	-259
	658	962	-304
	1,957	2,424	-467
	2,483	3,184	-701
	474	446	28
	316	317	-1
	316	271	45
	465	478	-13
	1,398	1,437	-39
	1,083	957	126
	16,606	14,833	1,773
	2,546	2,392	154
	2,293	2,100	193
	3,157	3,568	-411
	3,712	3,490	222
	22,377	22,195	182
	19,276	18,853	423
	9,338	8,732	606
	2,164	1,944	220
	3,255	2,920	335
	378	441	-63
	216	245	-29
	1,263	1,357	-94
	1,070	878	192
	98	74	24
	721	599	122
	2,190	1,756	434
	2,115	1,562	553
	7,559	5,917	1,642
	8,342	9,221	-879
	1,383	1,290	93
	1,919	1,902	17
	1,895	1,812	83
	3,869	3,910	-41
	2,540	2,321	219
	18	14	4
	2,255	2,125	130
	5,613	5,538	75
	1,734	2,421	-687
	556	771	-215
	2,218	2,961	-743
	2,164	2,876	-712
	4,174	5,385	-1,211
	1,801	1,866	-65
	1,126	1,455	-329
	2,174	2,877	-703
	2,166	2,959	-793
	15,701	15,704	-3
	9,958	9,281	677
	15,775	14,870	905
	22,095	20,419	1,676
	1,643	1,424	219
	1,898	1,512	386
	1,286	1,449	-163
	4,566	4,271	295
	1,501	1,030	471
	2,424	1,907	517
	1,295	1,123	172
	1,295	1,122	173
	4,091	3,659	432
	14,015	12,287	1,728
	6,285	5,284	1,001
	5,363	4,474	889
	2,275	2,188	87
	2,255	2,188	67
	42,658	40,753	1,905
	25,800	25,212	588
	26,120	24,864	1,256
	25,617	24,523	1,094
	15,514	15,461	53
	127,745	119,149	8,596
	366	302	64
	12,082	10,498	1,584
	330	252	78
	252	267	-15
	770	801	-31
	4,294	3,539	755
	285	508	-223
	2,569	4,569	-2,000
	457	812	-355
	24,252	20,267	3,985
	20,425	17,232	3,193
	691	588	103
	974	823	151
	1,030	990	40
	5,335	5,957	-622
	13,774	13,738	36
	4,591	4,777	-186
	3,056	3,124	-68
	16,653	17,020	-367
	6,303	6,203	100
	1,173	1,188	-15
	1,584	1,625	-41
	2,584	2,550	34
	5,009	4,707	302
	1,725	1,711	14
	1,983	1,744	239
	4,315	3,925	390
	34,993	34,614	379
	3,162	2,874	288
	154	130	24
	523	454	69
	26,229	25,063	1,166
	12,467	9,920	2,547
	4,482	5,127	-645
	3,744	4,372	-628
	4,129	3,698	431
	6,152	5,202	950
	3,300	3,194	106
	3,300	3,194	106
	2,236	2,130	106
	1,444	1,461	-17
	2,235	2,228	7
	2,075	2,704	-629
	1,082	1,325	-243
	2,119	2,660	-541
	1,592	1,844	-252
	1,319	1,545	-226
	873	976	-103
	45	39	6
	1,306	1,107	199
	10,230	10,316	-86
	222,732	219,495	3,237
			453

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			340
b			1,733
c			2,086
d			3,733
e			2,770
			-28
			1,870
			1,983
			3,156
			-162
			379
			151
			-258
			-256
			-148
			-132
			40
			331
			423
			3,666
			3,326
			3,391
			-6,196
			10
			263
			-17
			818
			765
			120
			397
			2,151
			1,846
			-2,983
			-6
			483
			203
			1,222
			422
			630
			568
			-727
			145
			184
			200
			1,381
			802
			2,277
			226
			201
			-19
			-316
			-134
			-84
			-244
			-250
			-71
			-50
			2,730
			-337
			1,208
			-592
			-916
			-58
			-416
			-1,239
			-253
			4
			57
			484
			4
			126
			335
			636
			155
			-926
			845
			-4
			-166
			-41
			-124
			-194
			2,072
			2,143
			4
			487
			305
			178
			-3
			351
			53
			155
			110
			118
			-128
			-52
			-716
			220
			8
			3
			-74
			-537
			213
			68
			-25
			-168
			-26
			-6
			219

			-61
			-8
			382
			-787
			-1,772
			-392
			-375
			-1,533
			-1,171
			-3,402
			-673
			-5,406
			-567
			100
			1,141
			379
			1,942
			553
			691
			838
			80
			105
			153
			618
			566
			-10
			-60
			169
			1,038
			613
			807
			1,629
			-9
			-24
			-2
			46
			25


			13
			28
			9
			7
			-2,758
			-1,482
			-145
			36
			265
			-843
			10
			25
			-3
			396
			369
			1
			-7
			17
			592
			223
			-10
			-147
			-758
			-331
			-78
			533
			71
			209
			268
			-3
			-15
			22
			278
			16
			288
			72,876
			116
			2

			81
			1,252
			2,100
			-8
			-45
			659
			112
			488
			228
			285
			172
			48
			208
			85
			43
			35
			-142
			-26
			-27
			28
			-11
			5
			-8
			-191
			479
			750
			255
			376
			132
			308
			428
			321
			-381
			291
			53
			19
			-31
			383

			57
			-4
			-40
			98
			224
			-30
			-148
			-581
			-614
			-17
			-54
			-14,835
			-828
			-7
			186
			-3
			-7,963
			1,192
			-4
			604
			870
			-2,453
			-9
			221
			-7
			99
			578
			1,226
			197
			614
			-1
			905
			1,189
			-150
			-1,043
			-1,273
			-39
			-648
			79
			-444
			922
			1,167
			602
			1,342
			32
			56
			-18
			-132
			322
			447
			910
			41
			1,067
			6
			28
			90
			-33
			162
			356
			-1,028
			-5,019
			351
			290
			130
			131
			61
			-42
			-2
			1,613
			1,581
			8
			419
			-63
			-1,582
			-189
			96
			-1
			-209
			-178
			11
			2,482
			2,034
			888
			3,086
			3,156
			23
			-11
			-189
			-20
			-230
			2
			7
			65
			-24
			329
			138
			-3,596
			-583
			40
			56
			136
			144
			36
			45
			-138
			-18
			183
			130
			-15

			293
			4,380
			2,146
			1,911
			466
			-15
			-5
			5
			164
			22
			144
			93
			-46
			-39
			1,778
			1,939
			2,388
			2,378
			8
			163
			4
			1
			582
			339
			9
			9
			23
			532
			-130
			-119
			-1,740
			-650
			292
			-25
			-191
			-1,283
			-275
			-13,819
			-1,423
			-25
			156
			-928
			101
			124
			-43
			-3
			5
			-1
			25
			10
			-1
			-322
			-194
			-184
			-26,557
			253,711
			-617
			700
			307
			42
			36
			4,162
			6,123
			5,214
			328
			258
			339
			74
			404
			506
			7,774
			180
			145
			477
			141
			-207
			648
			-2,859
			61
			68
			102
			23
			-1,370
			1,135
			132
			166
			445
			414
			1,967
			988
			333
			245
			173
			1,344
			253
			71
			157
			125
			1
			-186
			-1,652
			-54,354
			1,286
			44
			58
			613
			2,648
			2,570
			-30
			1,416
			3,434
			43
			45
			39
			791
			15
			8
			344
			58
			-361
			1,210
			13
			16
			27,126
			-95
			165
			4
			131
			-89
			113
			106
			184
			251
			101
			32
			325
			652
			657
			-51
			-4,475
			3,704
			1,573
			614
			3,490
			-1,861
			76
			37
			669
			652
			207
			1,478
			224
			174
			-11
			63
			321
			636
			120
			516
			-1,169
			355

			-9
			130
			37
			39
			268
			247
			95
			18
			70
			75
			53
			78
			62
			126
			224
			317
			481
			-22
			81
			106
			422
			243
			595
			199
			865
			10
			69,046
			98
			541
			955
			6,483
			10,456
			-4
			-6
			-319
			-45
			-47
			407
			3,304
			370
			2,237
			-39
			244
			146
			77
			307
			199
			158
			-116
			185
			149
			264
			148
			21
			17
			105
			1,277
			340
			-860
			-864
			-559
			-33
			-47
			245
			230
			-4
			357
			-259
			-304
			-467
			-701
			28
			-1
			45
			-13
			-39
			126
			1,773
			154
			193
			-411
			222
			182
			423
			606
			220
			335
			-63
			-29
			-94
			192
			24
			122
			434
			553
			1,642
			-879
			93
			17
			83
			-41
			219
			4
			130
			75
			-687
			-215
			-743
			-712
			-1,211
			-65
			-329
			-703
			-793
			-3
			677
			905
			1,676
			219
			386
			-163
			295
			471
			517
			172
			173
			432
			1,728
			1,001
			889
			87
			67
			1,905
			588
			1,256
			1,094
			53
			8,596
			64
			1,584
			78
			-15
			-31
			755
			-223
			-2,000
			-355
			3,985
			3,193
			103
			151
			40
			-622
			36
			-186
			-68
			-367
			100
			-15
			-41
			34
			302
			14
			239
			390
			379
			288
			24
			69
			1,166
			2,547
			-645
			-628
			431
			950
			106
			106
			106
			-17
			7
			-629
			-243
			-541
			-252
			-226
			-103
			6
			199
			-86
			3,237

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	574,770
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 instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	781,822	15,393,019	0.050791
2010	747,266	15,475,038	0.048288
2009	755,950	14,448,301	0.052321
2008	820,434	14,043,130	0.058422
2007	895,768	18,798,745	0.04765

2	Total of line 1, column (d) ......................	2	0.257472
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	0.051494
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	15,871,080
5	Multiply line 4 by line 3.......................	5	817,265
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	7,926
7	Add lines 5 and 6.........................	7	825,191
8	Enter qualifying distributions from Part XII, line 4..............	8	730,267
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.

Form 990-PF (2012)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	15,851
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	15,851
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	15,851
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	4,812
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,812
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	11,039
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

If “Yes,” complete Part XIV.............................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(800) 352-3705

Located at bullet

ONE WEST 4TH STREETWINSTON SALEMNC ZIP+4 bullet

271013818

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

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

At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See 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 (2012)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2012?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see instructions.) ..............

Yes

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2012 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 2012.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

a personal benefit contract?........................YesNo

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2012)

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 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
WELLS FARGO BANK NA	TRUSTEE 40	164,030
1525 W WT HARRIS BLVD CHARLOTTE,NC282881161	TRUSTEE 40	164,030
M HEMINGWAY MERRIMAN II	COMMITTEE MEMBER 40	100
57 ACADEMY HILL WATERTOWN,CT06795	COMMITTEE MEMBER 40	100
ANNE FITZGERALD	COMMITTEE MEMBER 40	100
36 NORTH STREET WATERTOWN,CT06795	COMMITTEE MEMBER 40	100
LINDA MERRIMAN	SECRETARY 40	1,000
57 ACADEMY HILL WATERTOWN,CT06795	SECRETARY 40	1,000
CRAIG W CZARSTY M D	Committee Member 40	100
314 Main Street Oakville CT,CT06779	Committee Member 40	100

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2012)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	NONE
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 instructions.)

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

purposes:

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

15,662,282

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

450,490

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

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

16,112,772

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

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

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

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

16,112,772

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

instructions) .............................

241,692

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

15,871,080

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

793,554

Part XI

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

and do not complete this part.)

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

793,554

Tax on investment income for 2012 from Part VI, line 5......

15,851

Income tax for 2012. (This does not include the tax from Part VI.)...

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

15,851

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

777,703

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

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

777,703

Deduction from distributable amount (see instructions).................

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

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

777,703

Part XII

Qualifying Distributions (see instructions)

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

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

730,267

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

730,267

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 instructions).................

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

730,267

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 (2012)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2011	(c) 2011	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7					777,703
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				650,815
b Total for prior years:2010, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	0
b From 2008.......	0
c From 2009.......	0
d From 2010.......	0
e From 2011.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2012 from Part
XII, line 4: $ 730,267
a Applied to 2011, but not more than line 2a				650,815
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2012 distributable amount.....					79,452
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2012.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........					698,251
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2008....	0
b Excess from 2009....	0
c Excess from 2010....	0
d Excess from 2011....	0
e Excess from 2012....	0

Form 990-PF (2012)

Page 9

Part XIV

Private Operating Foundations (see 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 2012, enter the date of the ruling....... bullet

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2012	(b) 2011	(c) 2010	(d) 2009	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see 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

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

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

Marian Ottley Watertown Trust
PO Box 817
Watertown,CT06795
(800) 352-3705

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

Letter Form

cAny submission deadlines:

None

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

Cover letter maximum 2 pages includING basic and financial information and list of board members with copy of IRS determination letter

Form 990-PF (2012)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GUNNERY INCORPORATED 99 GREEN HILL ROAD WASHINGTON,CT06793	NONE	EXEMPT	SCHOLARSHIPS	25,000
BRASS CITY HARVEST INC 65 BANK STREET WATERBURY,CT06703	NONE	EXEMPT	GENERAL SUPPORT	5,000
CAMP JONATHAN INC 18 CUTLER STREET WATERTOWN,CT06795	NONE	EXEMPT	SUPPORT PROGRAMS	2,500
CHILDRENS COMMUNITY SCHOOL INC 31 WOLCOTT STREET WATERBURY,CT06721	NONE	EXEMPT	GENERAL SUPPORT	15,000
FIDELCO GUIDE DOG FDN INC 103 VISION WAY BLOOMFIELD,CT06002	NONE	EXEMPT	GENERAL SUPPORT	10,000
GIRLS INCORPORATED OF SOUTHWESTERN CONNECTICUT 35 PARK PLACE WATERBURY,CT06702	NONE	EXEMPT	TECHNOLOGY UPGRADE	20,000
SHAKESPERIENCE PRODUCTIONS INC 117 BANK STREET WATERBURY,CT06702	NONE	EXEMPT	TOUR VEHICLE	15,000
VILES ARBORETUM 153 HOSPITAL STREET AUGUSTA,ME04330	NONE	EXEMPT	GENERAL SUPPORT	500
WESTOVER SCHOOL 1237 WHITTEMORE ROAD MIDDLEBURY,CT06762	NONE	EXEMPT	INSPIRING WOMEN CAMPAIGN	25,000
FLANDERS NATURE CENTER & LAND TRUST INC 5 CHURCH HILL ROAD WOODBURY,CT06798	NONE	EXEMPT	GENERAL SUPPORT	50,000
WATERBURY YOUNG MENS CHRISTIAN ASSOCIATION 136 WEST MAIN STREET WATERTOWN,CT06702	NONE	EXEMPT	GENERAL SUPPORT	53,125
WATERTOWN FOUNDATION INC PO BOX 117 WATERTOWN,CT06795	NONE	EXEMPT	SCHOLARSHIP	50,000
ST JOHN THE EVANGELIST SCHOOL 760 MAIN STREET WATERTOWN,CT06795	NONE	EXEMPT	GENERAL SUPPORT	8,000
ST MARY MAGDALEN SCHOOL 149 BUCKINGHAM STREET OAKVILLE,CT06779	NONE	EXEMPT	GENERAL SUPPORT	8,000
TAFT SCHOOL CORP 110 WOODBURY ROAD WATERTOWN,CT06795	NONE	EXEMPT	CHRIST CHURCH	160,000
CHASE COLLEGIATE SCHOOL INC 565 CHASE PKWY WATERBURY,CT06708	NONE	EXEMPT	SCHOLARSHIP	100,000
HEALTH HORIZONS INTERNATIONAL FDN INC 314 MAIN STREET OAKVILLE,CT06779	NONE	EXEMPT	GENERAL SUPPORT	25,000
WATERTOWN LAND TRUST INC PO BOX 382 WATERTOWN,CT06795	NONE	EXEMPT	GENERAL SUPPORT	25,000
WATERTOWN HISTORICAL SOCIETY 22 DEFOREST STREET WATERTOWN,CT06795	NONE	EXEMPT	GENERAL SUPPORT	9,000
VNA HEALTH AT HOME INC 27 SIEMON COMPANY DRIVE WATERTOWN,CT06795	NONE	EXEMPT	GENERAL SUPPORT	10,000
SEA RESEARCH FOUNDATION INC 55 COOGAN BLVD MYSTIC,CT06355	NONE	EXEMPT	GENERAL SUPPORT	5,000
NATIONAL SOCIETY OF THE DAUGHTERS OF THE AM REV 71 CHERRY AVENUE WATERTOWN,CT06795	NONE	EXEMPT	GENERAL SUPPORT	11,000
GREATER WATERBURY CAMPERSHIP FUND INC PO BOX 2090 WATERBURY,CT06722	NONE	EXEMPT	GENERAL SUPPORT	30,000
CONN JUNIOR REPUBLIC 550 GOSHEN ROAD LITCHFIELD,CT06759	NONE	EXEMPT	GENERAL SUPPORT	25,000
Total ................................. 3a				687,125

bApproved for future payment

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

Form 990-PF (2012)

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 instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	426,039
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	574,770
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)..				1,000,809

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

131,000,809

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Sign Here

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
06406HBE8 BANK OF NEW YORK
14912L3S8 CATERPILLAR FIN SERV
17313UAE9 CITIGROUP INC
172967BJ9 CITIGROUP INC
20825CAT1 CONOCOPHILLIPS
22546QAA5 CREDIT SUISSE NEW YO
25468PBX3 DISNEY WALT CO
369550AK4 GENERAL DYNAMICS COR
36962G4G6 GENERAL ELEC CAP COR
38141GDB7 GOLDMAN SACHS
428236AQ6 HEWLETT-PACKARD CO
244217BG9 JOHN DEERE CAPITAL
46625HHP8 JPMORGAN CHASE & CO
49328CAA3 KEY BANK NA
585055AR7 MEDTRONIC INC
59156RAC2 METLIFE INC
617446HR3 MORGAN STANLEY
63743CCU7 NATIONAL RURAL UTILS
674599BZ7 OCCIDENTAL PETROLEUM
7591EAAB9 REGIONS BANK
87612EAH9 TARGET CORP
931142BT9 WAL-MART STORES
961214BN2 WESTPAC BANKING CORP
88579EAE5 3M COMPANY
00130HBH7 AES CORP
00206RAW2 AT&T INC
00828DAN1 AFFINION GROUP INC
018804AP9 ALLIANT TECHSYSTEMS	9,985	10,850
02005NAE0 ALLY FINANCIAL INC	5,955	7,140
05329WAJ1 AUTONATION INC	10,411	11,488
058498AQ9 BALL CORP	4,938	5,313
1248EPAQ6 CCO HLDGS LLC/CAP CO	8,993	9,608
1248EPAU7 CCO HLDGS LLC/CAP CO	6,904	7,525
12543DAF7 COMMUNITY HEALTH SYS
125581GM4 CIT GROUP INC	16,158	17,040
126304AK0 CSC HOLDINGS INC	5,199	5,875
14743RAB9 CASE CORP	7,379	7,753
165167CC9 CHESAPEAKE ENERGY CO	6,540	6,915
172441AS6 CINEMARK USA INC	5,260	5,610
21036PAG3 CONSTELLATION BRANDS	5,543	5,513
22025YAK6 CORRECTIONS CORP OF
228227AZ7 CROWN CASTLE INTL CO
25459HAY1 DIRECTV HLDG/FIN INC
27876GBE7 ECHOSTAR DBS CORP	16,520	17,520
28336LBQ1 EL PASO CORPORATION	11,188	11,390
29269QAA5 ENERGY FUTURE/EFIH	4,900	5,694
29273VAC4 ENERGY TRANSFER EQUI	9,950	11,475
319963AP9 FIRST DATA CORPORATI
345397TZ6 FORD MOTOR CREDIT CO
35906AAA6 FRONTIER COMMUNICATI
36186CBY8 GMAC LLC	7,230	10,320
37244DAF6 GENON ENERGY INC	4,911	5,650
37247DAP1 GENWORTH FINANCIAL	4,675	6,146
404119BJ7 HCA INC	16,410	17,440
413627BL3 HARRAHS OPERATING	5,222	5,225
421933AH5 HEALTH MANAGEMENT PL	4,950	5,475
446413AB2 HUNTINGTON INGALLS	11,595	11,990
451102AH0 ICAHN ENTERPRISES/FI	10,835	11,660
45824TAE5 INTELSAT JACKSON HLD	11,579	11,853
459745GF6 INTL LEASE FINANCE	7,613	8,488
45974VA81 INTL LEASING FINANCE
46284PAM6 IRON MOUNTAIN INC	5,149	5,431
49455WAD8 KINDER MORGAN FIN CO
527288BD5 LEUCADIA NATIONAL CO	10,850	11,350
527298AL7 LEVEL 3 FINANCING IN
536022AF3 LINN ENERGY, LLC/LIN	7,159	7,420
552953BB6 MGM MIRAGE INC	5,013	5,706
570506AM7 MARKWEST ENERGY PART	5,075	5,450
574599BH8 MASCO CORP	9,975	11,037
58446VAE1 MEDIACOM BROADBAND
59832WAF6 MIDWEST GENERATION
629377BG6 NRG ENERGY INC	9,850	10,925
651290AK4 NEWFIELD EXPLORATION	5,225	5,150
695459AD9 PAETEC HOLDING CORP
707569AN9 PENN NATIONAL GAMING	11,768	12,238
75281AAL3 RANGE RESOURCES CORP	11,409	11,908
7591EPAG5 REGIONS FINANCIAL CO
767754BL7 RITE AID CORP	7,149	7,193
80007PAN9 SANDRIDGE ENERGY INC	6,974	7,210
81211KAP5 SEALED AIR CORPORATI
812350AE6 SEARS HOLDING CORP	9,735	11,715
832248AQ1 SMITHFIELD FOODS INC	5,190	5,813
852060AG7 SPRINT CAP CORP	10,928	12,990
88033GBC3 TENET HEALTHCARE 9.	5,213	5,613
880779AW3 TEREX CORP
911365AU8 UNITED RENTALS NORTH	10,686	11,263
92839UAF4 VISTEON CORP	5,940	6,405
94975P843 WELLS FARGO ADV S/T
983130AP0 WYNN LAS VEGAS LLC/C	5,272	5,613
00928QAF8 AIRCASTLE LTD	5,165	5,500
03070QAN1 AMERISTAR CASINOS IN	7,665	7,630
044820504 ASHMORE EMERG MKTS C	272,486	266,354
053773AN7 AVIS BUDGET CAR RENT	5,575	5,444
12505BAA8 CBRE SERVICES INC	9,145	8,978
12513GAW9 CDW LLC/CDW FINANCE	4,460	4,405
12543DAQ3 CHS/COMMUNITY HEALTH	5,106	5,488
18451QAH1 CLEAR CHANNEL WORLDW	10,958	11,688
22818VAB3 CROWN AMER/CAP CORP	6,658	6,555
245217AS3 DEL MONTE CORP	7,271	7,254
247126AH8 DELPHI CORP	6,493	6,368
261980494 DREYFUS EMG MKT DEBT	215,000	215,917
277911491 EATON VANCE FLOATING	60,716	60,981
29977HAB6 EP ENERGY/EP FINANCE	5,656	5,669
46284PAP9 IRON MOUNTAIN INC	7,169	7,088
49461BAB0 KINETICS CONCEPT/KC	5,450	5,413
527298AU7 LEVEL 3 FINANCING IN	11,793	11,908
678026AD7 OIL STATES INTL INC	6,430	6,465
693391559 PIMCO EMERG MKTS BD-	293,319	353,985
704549AH7 PEABODY ENERGY CORP	5,005	5,388
726505AK6 PLAINS EXPLORATION	6,330	6,630
737446AB0 POST HOLDINGS INC	12,054	12,251
79546VAJ5 SALLY HOLDINGS/SALLY	7,478	7,368
81760NAN9 SERVICEMASTER COMPAN	7,625	7,201
989194AG0 ZAYO GROUP LLC/ZAYO	5,569	5,550

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

TW MARIAN W OTTLEY-WATERTOWN 501-3013000359

EIN: 58-6222005

Name of Stock	End of Year Book Value	End of Year Fair Market Value
580135101 MCDONALDS CORP	25,696	44,712
580645109 MCGRAW-HILL COMPANIE
65248E104 NEWS CORP	12,730	18,495
87612E106 TARGET CORP	29,547	32,457
254687106 WALT DISNEY CO	9,741	17,789
02209S103 ALTRIA GROUP INC	21,668	37,147
191216100 COCA COLA CO	44,738	67,423
518439104 ESTEE LAUDER COMPANI	10,045	29,010
50075N104 KRAFT FOODS INC
713448108 PEPSICO INC	23,837	28,835
718172109 PHILIP MORRIS INTERN	54,330	99,728
742718109 PROCTER & GAMBLE CO	30,347	37,152
931142103 WAL MART STORES INC	16,871	25,745
931422109 WALGREEN CO	17,146	18,149
166764100 CHEVRON CORP	43,123	56,097
20825C104 CONOCOPHILLIPS	29,427	29,934
30231G102 EXXON MOBIL CORPORAT	74,412	77,985
674599105 OCCIDENTAL PETE CORP	32,371	40,143
025816109 AMERICAN EXPRESS CO	14,152	17,943
354613101 FRANKLIN RESOURCES I	9,924	15,326
46625H100 JPMORGAN CHASE & CO	38,431	49,295
744320102 PRUDENTIAL FINL INC
002824100 ABBOTT LABS	10,852	15,438
075887109 BECTON DICKINSON & C
46120E602 INTUITIVE SURGICAL I	6,586	17,414
478160104 JOHNSON & JOHNSON	30,861	40,911
585055106 MEDTRONIC INC
58933Y105 MERCK & CO INC NEW	12,089	15,598
149123101 CATERPILLAR INC	17,979	20,506
369550108 GENERAL DYNAMICS
369604103 GENERAL ELECTRIC CO	38,626	22,457
913017109 UNITED TECHNOLOGIES	21,721	27,521
037833100 APPLE INC	20,120	73,307
053015103 AUTOMATIC DATA PROCE	13,755	19,310
458140100 INTEL CORP	22,204	20,735
459200101 INTERNATIONAL BUSINE	24,916	37,444
595017104 MICROCHIP TECHNOLOGY
747525103 QUALCOMM INC	12,768	17,774
882508104 TEXAS INSTRUMENTS IN	19,903	20,864
009158106 AIR PRODS & CHEMS IN	11,986	12,934
35671D857 FREEPORT-MCMORAN COP	19,080	14,004
74005P104 PRAXAIR INC COM	13,639	20,579
G0457F107 ARCOS DORADOS HOLDIN	6,141	3,858
404280406 HSBC - ADR	49,162	47,618
641069406 NESTLE S.A. REGISTER	73,748	95,434
670100205 NOVO NORDISK A/S - A	28,110	52,680
767204100 RIO TINTO PLC - ADR	17,045	11,064
771195104 ROCHE HOLDINGS LTD -	39,299	58,288
780259206 ROYAL DUTCH SHELL PL	29,896	29,336
89151E109 TOTAL S.A. - ADR	40,337	30,109
086516101 BEST BUY INC
146229109 CARTER HOLDINGS
36467W109 GAMESTOP CORP NEW
372460105 GENUINE PARTS CO	7,572	9,251
401617105 GUESS INC
855030102 STAPLES INC	4,332	4,592
054303102 AVON PRODS INC
501044101 KROGER CO
60871R209 MOLSON COORS BREWING
786514208 SAFEWAY INC NEW
12802T101 CAL DIVE INTER
261608103 DRESSER-RAND GROUP
651290108 NEWFIELD EXPL CO
723787107 PIONEER NAT RES CO
845467109 SOUTHWESTERN ENERGY
91913Y100 VALERO ENERGY CORP
524901105 LEGG MASON INC COM
571748102 MARSH & MCLENNAN COS
665859104 NORTHERN TRUST CORP
712704105 PEOPLE'S UNITED
693366205 PICO HOLDINGS INC
7433135103 PROGRESSIVE CORP
00817Y108 AETNA INC NEW
09062X103 BIOGEN
101137107 BOSTON SCIENTIFIC CO	5,767	7,928
436440101 HOLOGIC INC COM
50540R409 LABORATORY CRP
74834L100 QUEST DIAGNOSTICS
018804104 ALLIANT TECHSYSTEMS
205944101 CON-WAY INC COM
302130109 EXPEDITORS INTL
450911102 ITT CORP
760759100 REPUBLIC SERVICES
774341101 ROCKWELL COLLINS	5,444	6,475
12673P105 CA INC	21,336	23,850
346375108 FORMFACTOR INC
535678106 LINEAR TECHNOLOGY
871503108 SYMANTEC CORP
959802109 WESTERN UNION CO
49506101 INTERNATIONAL FLAVORS
826552101 SIGMA ALDRICH CORP
620097105 MOTOROLA MOBILITY
620076307 MOTOROLA SOLUTIONS
281020107 EDISON INTL COM
902681105 UGI CORP NEW COM
976657106 WISCONSIN ENERGY
12626K203 CRH PLC ADR
H27178104 FOSTER WHEELER AG
83172R108 SMART TECHNOLOGIES
881624209 TEVA PHARMACEUTICAL	29,245	25,059
H89128104 TYCO INTERNATIONAL
H27013103 WEATHERFORD
13342B105 CAMERON INTL CORP
00184X105 AOL INC	12,921	11,680
126804301 CABELAS INC	11,763	26,489
139594105 CAPELLA EDUCATION
418056107 HASBRO INC	7,523	8,985
817565104 SERVICE CORP INTL	11,033	19,149
864159108 STURM RUGER & CO INC	2,994	6,034
21036P108 CONSTELLATION
29266R108 ENERGIZER HOLDINGS I	6,295	8,231
67018T105 NU SKIN ENTERPRISES	5,731	8,820
741511109 PRICESMART INC	10,924	16,886
050095108 ATWOOD OCEANICS INC	12,708	17,328
49455U100 KINDER MORGAN MGMT L
017175100 ALLEGHANY CORP DEL N	5,390	6,630
278265103 EATON VANCE CORP COM	14,575	23,453
55262C100 MBIA INC	8,999	13,381
879080109 TEJON RANCH CO	7,037	8,083
690732102 OWENS & MINOR INC CO
88033G100 TENET HEALTHCARE COR
014482103 ALEXANDER & BALDWIN
22025Y407 CORRECTIONS CORP OF	25,451	28,788
498904200 KNOLL INC
679580100 OLD DOMINION FREIGHT	26,440	35,438
894650100 TREDEGAR CORPORATION	5,865	8,561
007974108 ADVENT SOFTWARE INC	7,806	9,689
594793101 MICREL INC COM	9,422	8,776
92046N102 VALUECLICK INC	11,043	17,266
012653101 ALBEMARLE CORP COM	14,250	16,931
573284106 MARTIN MARIETTA MATL	4,922	7,196
651587107 NEWMARKET CORP	13,479	20,842
571903202 MARRIOTT INTER
85590A401 STARWOOD HOTELS & RE
12497T101 CB RICHARD ELLIS
48020Q107 JONES LANG LASALLE I	3,204	4,041
22025Y407 CORRECTIONS CORP
001084102 AGCO CORP COM	10,867	13,590
001317205 AIA GROUP LTD-SP ADR	41,128	49,508
00206R102 AT & T INC
00507V109 ACTIVISION BLIZZARD
00508X203 ACTUANT CORP-CL A
00687A107 ADIDAS-AG ADR	12,427	18,639
009126202 AIR LIQUIDE - ADR	38,295	42,181
018805101 ALLIANZ SE ADR	31,158	37,344
02364W105 AMERICA MOVIL S.A.B.
024013104 AMERICAN ASSETS TRUS
02503X105 AMERICAN CAPITAL AGE	10,511	8,359
025537101 AMERICAN ELECTRIC PO
02553E106 AMERICAN EAGLE OUTFI	6,079	7,085
03073E105 AMERISOURCEBERGEN CO	8,743	11,952
032654105 ANALOG DEVICES INC	4,831	6,017
03524A108 ANHEUSER-BUSCH INBEV	21,726	24,635
035710409 ANNALY CAPITAL MANAG	9,178	7,469
037411105 APACHE CORP	26,896	24,393
03748R101 APARTMENT INVT & MGM	10,553	12,013
042068106 ARM HOLDINGS PLC - A	32,942	53,885
04351G101 ASCENA RETAIL GROUP
045387107 ASSA ABLOY AB-UNSP A	11,515	17,726
046353108 ASTRAZENECA PLC ADR
049255706 ATLAS COPCO AB ADR	18,961	19,868
053484101 AVALONBAY CMNTYS INC	5,684	6,235
053611109 AVERY DENNISON CORP	3,554	5,090
05534B760 BCE INC
055434203 BG GROUP PLC - ADR	22,788	19,717
05564E106 BRE PPTYS INC CL A 1
05615F102 BABCOCK & WILCOX CO	5,335	6,352
056752108 BAIDU INC ADR	10,720	8,794
058498106 BALL CORP
09247X101 BLACKROCK INC	11,532	19,265
101121101 BOSTON PROPERTIES IN	20,783	21,316
105368203 BRANDYWINE RLTY TR B	3,582	4,262
110122108 BRISTOL MYERS SQUIBB
11133T103 BROADRIDGE FINANCIAL	7,161	9,282
118440106 BUCKLE INC COM
12504L109 CBRE GROUP INC
126132109 CNOOC - CHINA NATION	9,279	8,170
12637N105 CSL LIMITED - ADR	15,774	20,100
12673A108 CYS INVESTMENTS INC
12686C109 CABLEVISION SYSTEMS-	5,379	6,517
133131102 CAMDEN PPTY TR SH BE	10,235	10,665
136375102 CANADIAN NATL RR CO	28,503	40,103
136385101 CANADIAN NAT RES LTD	20,606	20,184
138006309 CANON INC - ADR
143658300 CARNIVAL CORP	19,551	16,054
156700106 CENTURYLINK, INC
16359R103 CHEMED CORP NEW	6,954	7,562
171232101 CHUBB CORP	7,171	8,536
171340102 CHURCH & DWIGHT INC	15,316	17,513
189054109 CLOROX CO	5,412	6,563
191459205 COCHLEAR LTD-UNSPON	16,439	13,066
19259P300 COINSTAR INC COM	13,758	13,628
195872106 COLONIAL PPTYS TR CO	5,532	5,837
219023108 CORN PRODS INTL INC
225401108 CREDIT SUISSE GROUP
229663109 CUBESMART	4,250	5,196
229669106 CUBIC CORP
23304Y100 DBS GROUP HOLDINGS L	17,235	19,270
23317H102 DDR CORP	8,595	9,795
237545108 DASSAULT SYSTEMES S.	38,526	57,972
247916208 DENBURY RESOURCES	10,712	11,010
253868103 DIGITAL RLTY TR INC
25746U109 DOMINION RES INC VA
25960P109 DOUGLAS EMMETT INC
26203E836 DREYFUS/THE BOSTON C
26441C105 DUKE ENERGY HOLDING
26613Q106 DUPONT FABROS TECHNO	3,600	3,465
278865100 ECOLAB INC	8,235	10,643
28140H104 EDUCATION RLTY TR IN
29082A107 EMBRAER SA ADR	11,717	15,342
29264F205 ENDO HEALTH SOLUTION
29364G103 ENTERGY CORP NEW COM	5,391	5,786
29380T105 ENTERTAINMENT PPTYS
29472R108 EQUITY LIFESTYLE PPT
294752100 EQUITY ONE INC	3,618	4,269
29476L107 EQUITY RESIDENTIAL P	10,362	10,575
296036304 ERSTE GROUP BANK AG-
297178105 ESSEX PPTY TR COM	6,542	7,071
30161N101 EXELON CORPORATION	7,204	5,798
30212P303 EXPEDIA INC	8,006	11,790
30225T102 EXTRA SPACE STORAGE	6,049	8,210
30249U101 FMC TECHNOLOGIES INC
307305102 FANUC CORPORATION AD	42,064	41,488
313747206 FEDERAL RLTY INVT TR	9,929	10,560
315616102 F5 NETWORKS INC	10,015	7,655
31847R102 FIRST AMERICAN FINAN	3,575	5,254
32054K103 FIRST INDL RLTY TR I	14,614	20,606
343793105 FLSMIDTH & CO A/S AD
358029106 FRESENIUS MEDICAL CA	47,874	51,090
364730101 GANNETT INC	8,365	11,911
368287207 0A0 GAZPROM LEVEL 1	14,749	10,227
370023103 GENERAL GROWTH PROPE	13,916	15,233
37733W105 GLAXOSMITHKLINE PLC
379302102 GLIMCHER RLTY TR COM
37940X102 GLOBAL PMTS INC W/I
38143H381 GOLDMAN SACHS COMM S	119,981	111,308
38388F108 W. R. GRACE & CO COM	5,389	7,859
391164100 GREAT PLAINS ENERGY
40414L109 HCP INC	15,559	17,910
405024100 HAEMONETICS CORP MAS	5,687	6,522
41043M104 HANG LUNG PPTYS LTD	11,125	9,658
41902R103 HATTERAS FINANCIAL C	7,969	6,946
42217K106 HEALTH CARE REIT INC	15,320	18,708
423074103 HEINZ H J CO	9,025	11,939
425883105 HENNES & MAURITZ AB	16,276	17,073
427825104 HERSHA HOSPITALITY T
431284108 HIGHWOODS PPTYS INC
43858F109 HONG KONG EXCH & CLE	12,198	9,728
44107P104 HOST HOTELS & RESORT	14,081	16,402
443251103 HOYA CORP ADR
443683107 HUDSON CITY BANCORP	3,549	4,743
45104G104 ICICI BANK LTD. - AD	26,307	27,207
453038408 IMPERIAL OIL LTD COM	16,592	15,693
455807107 INDUST AND COMM BK O	13,836	13,566
45865V100 INTERCONTINENTALEXCH
465562106 ITAU UNIBANCO BANCO	52,005	45,842
466140100 JGC CORP-UNSPONSORED	26,542	31,424
483548103 KAMAN CORPCOMMON	8,131	8,986
48667L106 KDDI CORP-UNSPONSORE
494368103 KIMBERLY CLARK CORP
495724403 KINGFISHER PLC - ADR	16,833	21,403
500458401 KOMATSU LIMITED - AD	13,748	13,829
501897102 LI & FUNG LTD ADR
502117203 L'OREAL - ADR	23,506	32,375
502441306 LVMH MOET HENNESSY U	35,840	39,405
512807108 LAM RESEARCH CORP CO
515098101 LANDSTAR SYS INC COM
517834107 LAS VEGAS SANDS CORP	9,957	13,433
517942108 LASALLE HOTEL PROPER
52106N889 LAZARD EMERGING MKTS
532457108 ELI LILLY & CO COM
54338V101 LONZA GROUP AG ADR	19,728	21,119
544147101 LORILLARD INC
55261F104 M & T BANK CORPORATI	7,128	8,917
577081102 MATTEL INC	7,115	9,935
58155Q103 MCKESSON CORP	7,134	9,109
58733R102 MERCADOLIBRE INC	5,636	10,316
591708102 METROPCS COMMUNICATI
592688105 METTLER-TOLEDO INTL	10,572	12,877
59410T106 MICHELIN (CGDE) ADR	9,197	11,262
606822104 MITSUBISHI UFJ FINL	16,848	18,384
61744J317 MORGAN STANLEY INS I	370,347	229,038
62474M108 MTN GROUP LTD ADR	8,237	8,440
62886E108 NCR CORPORATION COM
636274300 NATIONAL GRID PLC AD
649445103 NEW YORK CMNTY BANCO	7,193	7,299
65334H102 NEXEN INC
65473P105 NISOURCE INC	5,361	6,148
65528V107 NOKIAN TYRES OYJ-UNS	17,049	16,857
66987V109 NOVARTIS AG - ADR	15,546	19,878
680223104 OLD REP INTL CORP	6,299	8,547
681919106 OMNICOM GROUP	7,091	8,760
68389X105 ORACLE CORPORATION	8,682	10,911
69351T106 PPL CORPORATION
69360J107 PS BUSINESS PARKS IN
705015105 PEARSON PLC - ADR	11,127	10,981
71654V101 PETROLEO BRASILEIRO
718546104 PHILLIPS 66	8,745	16,243
722005667 PIMCO COMMODITY REAL	110,580	104,887
731068102 POLARIS INDS INC COM	12,997	16,428
73755L107 POTASH CORP SASK	37,556	35,003
743263105 PROGRESS ENERGY INC
74340W103 PROLOGIS INC	21,435	25,268
74460D109 PUBLIC STORAGE INC C	15,002	17,153
74463M106 PUBLICIS GROUPE S.A.	14,236	19,711
74835Y101 QUESTCOR PHARMACEUTI	6,125	5,980
749660106 RPC INC	12,220	10,865
751452202 RAMCO-GERSHENSON PPT	781	1,155
756255105 RECKITT BENCKISER GR
759509102 RELIANCE STL & ALUM	8,616	10,523
76131V202 RETAIL PROPERTIES OF	1,957	2,884
761713106 REYNOLDS AMERICAN IN
778296103 ROSS STORES INC	12,897	14,150
779919109 T ROWE PRICE REAL ES
780259107 ROYAL DUTCH SHELL PL
780905451 ROYCE PREMIER FUND W
78440X101 SL GREEN REALTY CORP	13,350	15,135
78462F103 SPDR S & P 500 ETF T	1,079,256	1,196,417
78463V107 SPDR GOLD TRUST	7,123	6,294
78467Y107 SPDR S&P MIDCAP 400	140,640	183,862
78572M105 SABMILLER PLC - ADR	13,408	18,078
790849103 ST JUDE MED INC	7,284	8,041
803054204 SAP AG - ADR	49,684	63,085
803866300 SASOL LIMITED - ADR	11,078	10,074
804395101 SAUL CTRS INC COM	4,405	4,569
80585Y308 SBERBANK-SPONSORED A
80589M102 SCANA CORP-W/I	7,184	7,818
806857108 SCHLUMBERGER LTD	40,353	38,779
80687P106 SCHNEIDER ELECTRIC S	26,903	28,537
816851109 SEMPRA ENERGY COM	7,168	9,024
826197501 SIEMENS AG - ADR	11,510	11,981
828806109 SIMON PROPERTY GROUP	47,747	56,590
835495102 SONOCO PRODS CO	5,744	6,339
83569C102 SONOVA HOLDIN-UNSPON	9,705	11,848
835898107 SOTHEBYS	11,749	12,106
842587107 SOUTHERN CO
84265V105 SOUTHERN COPPER CORP	7,432	6,884
86272T106 STRATEGIC HOTELS & R	4,409	5,741
866674104 SUN CMNTYS INC COM	7,555	8,645
867914103 SUNTRUST BANKS INC	7,056	9,755
870123106 SWATCH GROUP AG/THE-	20,360	27,428
87160A100 SYNGENTA AG - ADR	10,349	11,287
87162H103 SYNTEL INC	12,936	14,571
87162W100 SYNNEX CORP
87184P109 SYSMEX CORP-UNSPON A	18,814	27,141
87264S106 TRW AUTOMOTIVE HLDGS	12,024	16,471
874039100 TAIWAN SEMICONDUCTOR	31,726	41,015
875465106 TANGER FACTORY OUTLE
876664103 TAUBMAN CTRS INC COM	8,072	8,300
879433829 TELEPHONE AND DATA S	5,338	5,720
88032Q109 TENCENT HOLDINGS LTD	12,690	21,398
88076W103 TERADATA CORP	10,028	8,641
881575302 TESCO PLC - ADR	16,337	14,263
88732J207 TIME WARNER CABLE IN	5,720	8,596
891027104 TORCHMARK CORP	10,411	13,289
892331307 TOYOTA MOTOR CORPORA	14,568	21,512
900148701 TURKIYE GARANTI BANK	24,312	26,495
902653104 UDR INC
903914109 ULTRA PETROLEUM CORP	4,353	4,442
90460M105 UNICHARM CORP-UNSP A
904767704 UNILEVER PLC - ADR	11,400	14,241
920253101 VALMONT INDS INC	11,847	14,776
922042858 VANGUARD MSCI EMERGI
92276F100 VENTAS INC COM	10,673	12,490
92343V104 VERIZON COMMUNICATIO
92857W209 VODAFONE GROUP PLC N	9,103	9,238
92933H101 WPP GRP PLC AMER DEP
93114W107 WAL-MART DE MEXICO-S	8,410	8,999
94946T106 WELLCARE HEALTH PLAN	12,780	11,002
95082P105 WESCO INTL INC	12,225	15,149
97381W104 WINDSTREAM CORP
981419104 WORLD ACCEP CORP DEL
981475106 WORLD FUEL SERVICES	10,274	10,386
98233Q105 WRIGHT EXPRESS CORP
98389B100 XCEL ENERGY INC	3,970	4,136
984121103 XEROX CORP	7,208	8,315
988498101 YUM BRANDS INC	13,198	13,347
98956P102 ZIMMER HOLDINGS INC	6,345	7,930
G16962105 BUNGE LIMITED	22,856	22,342
G30397106 ENDURANCE SPECIALTY	7,191	8,858
G491BT108 INVESCO LIMITED	6,235	8,806
G62185106 MONTPELIER RE HOLDIN	10,235	12,370
G9618E107 WHITE MTNS INS GROUP	8,066	10,641
M22465104 CHECK POINT SOFTWARE
N72482107 QIAGEN N.V.
N97284108 YANDEX NV-A	11,513	12,141
00287Y109 ABBVIE INC	11,768	17,972
003021714 ABERDEEN EMERG MARKE	625,000	598,782
014491104 ALEXANDER & BALDWIN	7,201	10,411
025932104 AMERICAN FINL GROUP	12,534	12,723
026874784 AMERICAN INTERNATION	16,960	21,074
035128206 ANGLOGOLD LIMITED -	18,223	11,138
038222105 APPLIED MATERIALS IN	3,264	3,906
049560105 ATMOS ENERGY CORP	9,718	9,331
05946K101 BANCO BILBAO VIZCAYA	13,575	13,118
067901108 BARRICK GOLD CORP CO	10,766	6,695
072743206 BAYERISCHE MOTOREN W	13,269	13,445
112463104 BROOKDALE SR LIVING	2,143	2,070
12082W204 BURBERRY GROUP PLC-S	8,216	9,209
126650100 CVS/CAREMARK CORPORA	10,396	11,458
13466Y105 CAMPUS CREST COMMUNI	3,207	3,416
14040H105 CAPITAL ONE FINANCIA	7,837	8,408
14170T101 CAREFUSION CORP	5,807	7,313
157842105 CHAMBERS STREET PROP	499,992	501,623
17243V102 CINEMARK HOLDINGS IN	3,936	4,225
17275R102 CISCO SYSTEMS INC	16,973	19,726
172967424 CITIGROUP, INC.	16,980	21,160
198516106 COLUMBIA SPORTSWEAR	6,266	7,648
20030N101 COMCAST CORP CLASS A	1,454	1,406
20449X203 COMPASS GROUP PLC -	10,103	11,191
21988R102 CORPORATE EXECUTIVE	10,448	12,728
233326107 DST SYS INC COM	14,731	14,659
25243Q205 DIAGEO PLC - ADR	12,074	12,417
253651103 DIEBOLD INC	4,273	4,509
264411505 DUKE REALTY CORPORAT	6,553	6,214
26441C204 DUKE ENERGY HOLDING	7,179	7,630
268648102 E M C CORP MASS	7,127	7,329
26884U109 EPR PROPERTIES	8,440	9,750
28617Y101 ELEKTA AB-B SHS-UNSP	13,146	13,018
37045V100 GENERAL MOTORS CO	16,528	19,622
38141G104 GOLDMAN SACHS GROUP	13,308	14,911
406216101 HALLIBURTON CO	5,044	5,524
416515104 HARTFORD FINANCIAL S	18,191	22,697
428291108 HEXCEL CORP NEW COM	9,183	9,562
440543106 HORNBECK OFFSHORE SV	12,444	14,722
44980X109 IPG PHOTONICS CORP	10,168	10,555
457187102 INGREDION INC	13,141	15,463
465685105 ITC HLDGS CORP	3,747	4,155
500255104 KOHLS CORP	5,988	6,683
50076Q106 KRAFT FOODS GROUP IN	3,862	6,340
50077C106 KRATON PERFORMANCE P	6,271	6,782
501173207 KUBOTA LIMITED - ADR	8,254	8,687
540424108 LOEWS CORP	10,385	10,997
550021109 LULULEMON ATHLETICA	13,389	15,329
55354G100 MSCI INC	6,130	6,414
57686G105 MATSON INC.	11,271	11,880
58463J304 MEDICAL PPTYS TR INC	4,030	3,665
59156R108 METLIFE INC	15,646	18,745
594918104 MICROSOFT CORP	16,190	20,521
609207105 MONDELEZ INTERNATION	7,144	10,169
61945C103 MOSAIC CO/THE	6,225	6,325
62855J104 MYRIAD GENETICS INC	10,141	10,657
629377508 NRG ENERGY INC	6,501	6,916
636180101 NATIONAL FUEL GAS CO	7,645	8,384
64126X201 NEUSTAR INC	11,163	13,036
683974505 OPPENHEIMER DEVELOPI	610,000	630,011
690768403 OWENS ILL INC COM NE	9,720	9,937
69367U105 BANK MANDIRI TBK UNS	3,198	3,424
693718108 PACCAR INC	7,788	9,005
69480U206 PACIFIC RUBIALES ENE	4,379	4,492
70509V100 PEBBLEBROOK HOTEL TR	6,114	6,612
709102107 PENNSYLVANIA REAL ES	5,057	5,907
71654V408 PETROLEO BRASILEIRO	12,581	10,733
717081103 PFIZER INC	18,248	18,653
755111507 RAYTHEON CO	7,820	8,930
756255204 RECKITT BENCKIS/S AD	15,075	19,941
758766109 REGAL ENTERTAINMENT	5,603	7,133
767744105 RITCHIE BROS AUCTION	6,338	6,562
780097689 ROYAL BANK OF SCOTLA	9,515	10,066
783764103 RYLAND GROUP INC	10,519	13,448
78390X101 SAIC INC	6,073	7,250
80105N105 SANOFI-ADR	14,681	16,352
81721M109 SENIOR HOUSING PROP	5,645	6,540
86562X106 SUMITOMO MITSUI TR-S	8,419	6,117
867892101 SUNSTONE HOTEL INVS	3,178	3,594
86959C103 SVENSKA HANDELSB-A-U	10,474	12,685
871829107 SYSCO CORP	7,343	7,977
872375100 TECO ENERGY INC	5,883	5,952
87425E103 TALISMAN ENERGY INC	22,186	21,293
876568502 TATA MTRS LTD ADR	8,137	9,079
88019R641 TEMPLETON FRONTIER M	342,000	389,998
88019R690 TEMPLETON EMER MKT S	244,000	295,322
88033G407 TENET HEALTHCARE COR	7,257	19,043
887317303 TIME WARNER INC	10,379	12,083
89155H256 TOUCHSTONE SMALL CAP	354,000	365,901
899415202 TULLOW OIL PLC ADR	10,186	8,564
90384S303 ULTA SALON COSMETICS	10,606	10,982
90460M204 UNI CHARM CORPORATIO	21,489	27,642
907818108 UNION PACIFIC CORP	7,733	8,968
91307C102 UNITED THERAPEUTICS	9,969	10,904
91529Y106 UNUM GROUP	15,624	19,594
92342Y109 VERIFONE SYSTEMS, IN	4,150	4,549
92553P201 VIACOM INC NEW	14,225	15,945
929042109 VORNADO REALTY TRUST	17,273	17,109
92937A102 WPP PLC NEW	25,354	33,858
98418R100 XINYI GLASS HOLDI-UN	6,383	10,051
D18190898 DEUTSCHE BANK AG REG	11,961	12,228
G0408V102 AON PLC	12,727	13,880
G1151C101 ACCENTURE PLC	12,544	16,422
G47791101 INGERSOLL-RAND PLC	7,803	8,860
G81477104 SINA CORPORATION	4,344	4,212
N07059210 ASML HOLDING NV-NY R	9,450	12,841

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
04315J860 ARTIO GLOBAL HIGH
693390841 PIMCO HIGH YIELD
949917538 WELLS FARGO ADVANTAG
693391559 PIMCO EMERG MKTS BD-
693390882 PIMCO FOREIGN BD FD
ASGI AGILITY INCOME
239080401 DAVIS NEW YORK
26203E836 DREYFUS/THE BOSTON
780905451 ROYCE PREMIER FUND
78462F103 SPDR S & P 500
78464Y107 SPDR S&P MIDCAP 400
89155H793 TOUCHSTONE MID CAP
04315J837 ARTIO INTERNATIONAL
52106N889 LAZARD EMERGING
WELLS FARGO MULTI STRATEGY 100
ALPHAMETRIX MANAGED FUTURES
GRAHAM ALTERNATIVE INVESTMENT
PARTNERS GROUP PRIVATE EQUITY
ROBECO-SAGE MULTI-STRATE
CB RICHARD ELLIS REALTY TRUST
61744J317 MORGAN STANLEY INSTI
722005667 PIMCO COMMODITY REAL
779919109 T ROWE REAL PRICE
RICI LINKED PAM TOTAL
G62185106 MONTPELIER RE
746927102 QLT INC
G9618E107 WHITE MOUNTAINS INSU
32054K103 FIRST INDL RLTY TR
41902R103 HATTERAS FINANCIAL
902653104 UDR INC
465562106 ITAU UNIBANCO BANCO
009126202 AIR LIQUID- ADR
018805101 ALLIANZ SE
007192107 AMDIRAL GROUP PLC
02364W105 AMERICA MOVIL S.A.B.
042068106 ARM HOLINGS PLC
049255706 ATLAS COPCO AB
055434203 BG GROUP PLC ADR
G16962105 BUNGE LIMITED
136375102 CANADIAN NATL RR
138006309 CANON
143658300 CARNIVAL CORP
16940R109 CHINA RESOURCES
191459205 COCHLEAR LIMITED
12637N105 CLS LIMITED
237545108 DASSAULT SYSTEMES
23304Y100 DBS GROUP HOLDINGS
292505104 ENCANA CORP
296036304 ERSTE GROUP BANK
307305102 FANUC LTD
358029106 FRESENIUS MEDICAL
443251103 HOYO CORP
404280406 HSBC ADR
45104G104 ICICI BANK LTD ADR
453038408 IMPERIAL OIL LTD
466140100 JGC CORPORATION
48206M102 JUPITER TELECOM
502117203 LOREAL ADR
501897102 LI & FUNG LTD
H50430232 LOGITECH INTER.
54338V101 LONZA GROUP
502441306 LVMH MOET HENNESSY
62474M108 MTN GROUP LTD
641069406 NESTLE S.A.
66987V109 NOVARTIS AG
670100205 NOVO NORDISK A/S
71654V101 PETROLEO BRASILEIRO
N72482107 QIAGEN N.V.
771195104 ROCHE HOLDINGS LTD
803054204 SAP AG ADR
803866300 SASOL LIMITED ADR
806857108 SCHLUMBERGER LTD
80687P106 SCHNEIDER ELECTRIC
83569C102 SONOVA HOLDING AG
870123106 SWATCH GROUP AG
874093100 TAIWAN SEMICONDUCTOR
881575302 TESCO PLC ADR
881624209 TEVA PHARMACEUTICAL
900148701 TUKYE GARANTI BANKAS
90460M105 UNICHARM CORP
904767704 UNILEVER PLC
93114W107 WAL-MART DE
92933H101 WPP GROUP PLC
368287207 0A0 GAZPROM LEVEL 1
465562106 ITAU UNIBANCO BANCO
928662402 VOLKSWAGON AG PFD
00687A107 ADIDAS-AG
02364W105 AMERICA MOVIL
03938L104 ARCELORMITTAL NY
042068106 ARM HOLDING PLC
045387107 ASSA ABLOY AB
055434203 BG GROUP PLC ADR
05565A202 BNP PARIBAS ADR
136385101 CANADIAN NAT RES LTD
136375102 CANADIAN NATL RR CO
138006309 CANON INC ADR
143658300 CARNIVAL CORP
1694EN103 CHINA MERCHANTS
126132109 CNOOC CHINA NATIONAL
225401108 CREDIT SUISSE GROUP
237545108 DASSAULT SYSTEMS
29082A107 EMBRAER SA
307305102 FANUC LTD
343793105 FLSMIDTH & CO
358029106 FRESENIUS MEDICAL
41043M104 HANG LUNG PPTSY LTD
425883105 HENNES & MAURITZ
43858F109 HONG KONG EXCHANGES
455807107 INDUSTRIAL AND COMME
48667L106 KDDI CORPORATION
500458401 KOMATSU LIMITED
H50430232 LOGITECH INTERNATION
502441306 LVMH MOET HENNESSY
56164U107 MAN GROUP
606822104 MITSUBISHI UFJ
641069406 NESTLE S.A. REGISTER
647581107 NEW ORIENTAL ED
66987V109 NOVARTIS AG
670100205 NOVO NORDISK A/S
73755L107 POTASH CORP SASK
74463M106 PUBLICIS GROUPE S.A.
756255105 RECKITT BENCKISER
787572M105 SABMILLER PLC
803054204 SAP AG- ADR
806857108 SCHLUMBERGER LTD
826197501 SIEMENS AG-ADR
879382208 TELEFONICA SA ADR
88032Q109 TENCENT HOLDINGS
881575302 TESCO PLC ADR
881624209 TEVA PHARMACEUTICAL
892331307 TOYOTA MOTOR CORP
900148701 TURKIYE GARANTI
93114W107 WAL-MART DE MEXICO
98742U100 YOUKU.COM INC
368287207 0A0 GAZPROM LEVEL
495724403 KINGFISHER PLC ADR
26613Q106 DUPONT FABROS TECH
015271109 ALEXANDRIA REAL
00163T109 AMB PPTY CORP
024013104 AMERICAN ASSETS
024835100 AMERICAN CAMPUS
03748R101 APARTMENT INVT
053484101 AVALONBAY CMNTYS INC
101121101 BOSTON PROPERTIES
05564E106 BRE PPTYS INC
195872106 COLONIAL PPTYS TR
253863103 DIGITAL RLTY TR INC
25960P109 DOUGLAS EMMETT INC
28140H104 EDUCATION RLTY TR IN
29380T105 ENTERTAINMENT PPTYS
29472R108 EQUITY LIFESTYLE
294752100 EQUITY ONE INC
29476L107 EQUITY RESIENTIAL
297178105 ESSEX PPTY TR COM
313747206 FEDERAL RLTY INVT
370023103 GENERAL GROWTH
370023103 GENERAL GROWTH
379302102 GLIMCHER RLTY
40414L109 HCP INC
42217K106 HEALTH CARE REIT INC
427825104 HERSHA HOSPITALITY
431284108 HIGHWOODS PPTYS
437306103 HOME PROPERTIES
44107P104 HOST HOTELS & RESORT
49446R109 KIMCO RLTY CORP
517942108 LASALLE HOTEL
554382101 MACERICH CO COM
59522J103 MID AMERICA APART.
743410102 PROLOGIS SHS OF BENE
69360J107 PS BUSINESS PARKS
74460D109 PUBLIC STORAGE
751452202 RAMCO GERSHENSON PPT
828806109 SIMON PROPERTY GROUP
78440X101 SL GREEN REALTY CORP
875465106 TANGER FACTORY
876664103 TAUBMAN CTRS INC COM
92276F100 VENTAS INC COM
929042109 VORNADO REALTY TRUST
123998007 CHAMBERS STREET PROP	AT COST	8	8
29299D444 THE ENDOWMENT TEI FU	AT COST	482,685	496,953
70299RF16 PARTNERS GROUP PRIV	AT COST	598,000	796,838
80105N113 SANOFI CONTINGENT VA
AMX994405 ALPHAMETRIX MGD FUT	AT COST	380,000	416,883
GRA994205 GRAHAM ALT INV FD II	AT COST	380,000	350,069
GTC997004 ASGI CORBIN MULTI ST	AT COST	673,350	724,756
GTC997WH2 ASGI CORBIN MULTI ST
GTY995004 ASGI AGILITY INCOME	AT COST	1,248,000	1,319,168
MRE991002 METRO REAL ESTATE PA	AT COST	39,500	39,500
RCI991006 RICI LINKED PAM TOTA	AT COST	380,000	367,622
RSG992316 ARDEN-SAGE MULT-STR
261980494 DREYFUS EMG MKT DEBT
61744J747 MORGAN STANLEY INS E
RSG999HB5 ARDEN-SAGE MULTI-STR	AT COST	11,137	11,137

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	2,071
DISALLOWED WASH SALES	5,358
PURCHASE ACCRUED INT EFFECTIVE AFTER TYE	245
SALES WITH GAIN POSTING AFTER TYE	13,012
SALES WITH LOSS EFFECTIVE DATE PRIOR TAX YEAR	10

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
PO BOX STAMPS AND SUPPLIES	835	0	835
ADR FEES	2,017	2,017	0
PARTNERSHIP OTHER DEDUCTIONS		19,124	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIP INTEREST INCOME		1,166
PARTNERSHIP ORDINARY DIVIDENDS		20,189
PARTNERSHIP ORDINARY BUSINESS LOSS		-7,572
PARTNERSHIP OTHER INCOME		20,571
PARTNERSHIP NET ST LOSS		-4,539
PARTNERSHIP NET LT LOSS		-77,184
PARTNERSHIP NET RENTAL REAL ESTATE		-64
PARTNERSHIP OTHER NET RENTAL		5
PARTNERSHIP ROYALTIES		3

Description	Amount
MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE	3,037
ROC BASIS ADJUSTMENTS	6,577
PURCHASE ACCRUED INT POSTING BEFORE TY	801
SALES WITH LOSS POSTING AFTER TYE	84
SALES WITH GAIN EFFECTIVE DATE PRIOR TAX YEAR	806
ROUNDING	8

Category	Amount	Net Investment Income
FOREIGN TAXES	5,823	5,823
FEDERAL TAX PAYMENT - PRIOR YE	108	0
FEDERAL ESTIMATES - PRINCIPAL	4,812	0
FOREIGN TAXES ON QUALIFIED FOR	2,917	2,917
FOREIGN TAXES ON NONQUALIFIED	1,065	1,065