| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BERNSTEIN EMERGING MARKETS | 154,735 | 113,462 |
| BERNSTEIN INTERNATIONAL PORTFOLIO | 438,615 | 356,683 |
| ALLIANCEBERNSTEIN GLOBAL REAL ESTATE | 151,273 | 136,462 |
| BERNSTEIN INTERMEDIATE DURATION | 1,070,649 | 1,082,227 |
| WELLS FARGO BANK 5.75% DUE 5/16/16 | ||
| VERIZON COMMUNICATIONS 5.55% DUE 2/15/16 | ||
| MORGAN STANLEY SUB NTS 4.75% DUE 4/1/14 | ||
| MCDONALD'S CORP 5.8% DUE 10/15/17 | ||
| JP MORGAN CHASE & CO 6.125% DUE 6/27/17 | ||
| JP MORGAN CHASE & CO 5.375% DUE 1/15/14 | ||
| IBM CORP 5.7% DUE 9/14/17 | ||
| GOLDMAN SACHS GROUP INC 7.5% 2/15/19 | ||
| GENERAL ELECTRIC CO 5.25% DUE 12/6/17 | ||
| JOHN DEERE CAPITAL CORP 5.35% DUE 4/3/18 | ||
| CONOCOPHILLIPS NOTES 5.75% DUE 2/1/19 | ||
| CISCO SYSTEMS 5.5% DUE 2/22/16 | ||
| BELLSOUTH CORP 5.2% DUE 9/15/14 | ||
| AMGEN INC 5.7% DUE 2/1/19 | ||
| ABBOTT LABORATORIES 5.875% DUE 5/15/16 | ||
| AT&T INC NOTES 5.8% DUE 2/15/19 | ||
| 50,000 TARGET CORP 6.35% DUE 1/15/11 | ||
| 50,000 SBC COMMUNICATIONS INC 6.25% 3/1 | ||
| 50,000 GOLDMAN SACHS GROUP INC 6.6% 1/12 | ||
| 50,000 WALT DISNEY CO 5.625% DUE 9/15/16 | ||
| 50,000 CITIGROUP INC 6.5% DUE 1/18/11 | ||
| 50,000 CHUBB CORPORATION 6% DUE 11/15/11 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CIT GROUP INC | AT COST | 6,352 | 6,974 |
| CITRIC SYSTEMS INC | AT COST | 9,925 | 8,804 |
| THE TRAVELERS COMPANIES INC | AT COST | 13,289 | 13,313 |
| GENERAL ELECTRIC CO | AT COST | 7,467 | 7,164 |
| MARATHON OIL CORP | AT COST | 13,211 | 12,440 |
| DEVON ENERGY CORPORATION | AT COST | 8,675 | 5,890 |
| CONOCOPHILLIPS | AT COST | 5,482 | 5,465 |
| BP PLC | AT COST | 23,704 | 25,644 |
| NOBLE ENERGY INC | AT COST | 13,376 | 13,215 |
| EOG RESOURCES INC | AT COST | 14,966 | 12,806 |
| ANADARKO PETROLEUM CORP | AT COST | 8,994 | 8,931 |
| TRANSOCEAN LTD | AT COST | 14,568 | 9,598 |
| SCHLUMBERGER LTD | AT COST | 25,519 | 20,493 |
| MARATHON PETROLEUM CORP | AT COST | 17,466 | 14,148 |
| FMC TECHNOLOGIES INC | AT COST | 7,511 | 8,879 |
| UNITED PARCEL SERVICE | AT COST | 18,097 | 18,298 |
| DELTA AIR LINES INC | AT COST | 7,867 | 6,674 |
| ILLUMINA INC | AT COST | 3,940 | 4,267 |
| SEAGATE TECHNOLOGY | AT COST | 3,128 | 3,280 |
| SALESFORCE.COM INC | AT COST | 1,776 | 1,522 |
| ORACLE CORP | AT COST | 22,185 | 17,314 |
| INTUIT INC | AT COST | 11,288 | 11,833 |
| ACCENTURE PLC | AT COST | 5,545 | 5,323 |
| HEWLETT-PACKARD CO | AT COST | 29,968 | 23,184 |
| EMC CORP | AT COST | 15,018 | 11,847 |
| DELL INC | AT COST | 3,035 | 2,926 |
| APPLE INC | AT COST | 42,279 | 48,600 |
| MICRON TECHNOLOGY INC | AT COST | 6,075 | 6,919 |
| LAM RESEARCH CORP | AT COST | 5,147 | 4,072 |
| APPLIED MATERIALS INC | AT COST | 10,570 | 9,639 |
| QUALCOMM INC | AT COST | 20,488 | 20,513 |
| MARVELL TECHNOLOGY GROUP | AT COST | 12,609 | 11,773 |
| CORNING CO | AT COST | 11,459 | 8,113 |
| CISCO SYSTEMS INC | AT COST | 4,568 | 4,520 |
| BROADCOM CORP | AT COST | 15,710 | 11,744 |
| LEAR CORPORATION | AT COST | 8,086 | 6,567 |
| PRECISION CASTPARTS CORP | AT COST | 11,018 | 11,535 |
| GOODRICH CORP | AT COST | 3,602 | 4,948 |
| BOEING CO | AT COST | 8,690 | 9,536 |
| NORTHROP GRUMMAN CORP | AT COST | 6,805 | 6,433 |
| INGERSOL-RAND PLC | AT COST | 5,081 | 3,199 |
| DANAHER CORP | AT COST | 18,142 | 16,464 |
| FLOWERSERVE CORP | AT COST | 12,559 | 9,932 |
| ROCKWELL AUTOMATION INC | AT COST | 8,540 | 7,704 |
| MONSANTO CO | AT COST | 13,511 | 13,664 |
| POTASH CORP OF SASKATCHEWAN | AT COST | 8,956 | 6,605 |
| LYONDELLBASELL INDUSTRIES | AT COST | 10,145 | 8,935 |
| DOW CHEMICAL | AT COST | 10,459 | 8,053 |
| LOWE'S COS INC | AT COST | 6,139 | 5,711 |
| LIMITED BRANDS INC | AT COST | 7,692 | 9,079 |
| KROGER CO | AT COST | 9,433 | 9,688 |
| GAMESTOP CORP | AT COST | 3,301 | 3,016 |
| DOLLAR GENERAL CORP | AT COST | 4,856 | 5,554 |
| AMAZON.COM INC | AT COST | 10,309 | 10,386 |
| TRW AUTOMOTIVE HOLDINGS CORP | AT COST | 6,206 | 4,238 |
| JOHNSON CONTROLS INC | AT COST | 9,324 | 7,034 |
| HARLEY DAVIDSON INC | AT COST | 4,769 | 4,859 |
| GENERAL MOTORS CO | AT COST | 17,634 | 13,682 |
| FORD MOTOR CO | AT COST | 3,393 | 2,421 |
| BORGWARNER INC | AT COST | 9,034 | 7,649 |
| LAS VEGAS SANDS CORP | AT COST | 2,856 | 2,777 |
| NEWELL RUBBERMAID INC | AT COST | 4,074 | 4,441 |
| VF CORP | AT COST | 4,007 | 4,445 |
| PVH CORP. | AT COST | 4,933 | 5,287 |
| STARBUCKS CORP | AT COST | 10,302 | 12,653 |
| PEPSICO INC | AT COST | 4,102 | 4,313 |
| LORILLARD INC | AT COST | 12,829 | 13,110 |
| CONSTELLATION BRANDS INC | AT COST | 6,326 | 6,718 |
| ESTEE LAUDER COMPANIES | AT COST | 2,577 | 3,370 |
| TYSON FOODS INC | AT COST | 6,383 | 6,708 |
| HERSHEY CO | AT COST | 2,967 | 3,089 |
| GENERAL MILLS INC | AT COST | 10,619 | 11,113 |
| ALTRIA GROUP INC | AT COST | 11,043 | 12,601 |
| PROCTER & GAMBLE CO | AT COST | 2,006 | 2,001 |
| EXPRESS SCRIPTS HOLDING CO | AT COST | 10,433 | 8,268 |
| COVIDIEN PLC | AT COST | 11,437 | 10,127 |
| JOHNSON & JOHNSON | AT COST | 25,040 | 27,872 |
| ALLERGAN INC | AT COST | 10,365 | 12,722 |
| PFIZER INC | AT COST | 34,528 | 36,788 |
| PERRIGO INC | AT COST | 5,180 | 5,352 |
| GILEAD SCIENCES INC | AT COST | 14,900 | 15,553 |
| CELGENE CORP | AT COST | 4,002 | 4,732 |
| ASTRAZENECA PLC | AT COST | 20,867 | 20,831 |
| GOOGLE INC | AT COST | 29,092 | 32,295 |
| GANNETT CO | AT COST | 4,850 | 5,014 |
| TIME WARNER CABLE | AT COST | 12,504 | 11,443 |
| DIRECTV | AT COST | 4,586 | 4,062 |
| COMCAST CORP-CLASS A | AT COST | 14,184 | 13,467 |
| APOLLO GROUP INC | AT COST | 6,315 | 6,464 |
| VIACOM INC-CLASS B | AT COST | 12,992 | 12,488 |
| WALT DISNEY CO | AT COST | 14,968 | 15,000 |
| NV ENERGY INC | AT COST | 5,571 | 6,131 |
| DTE ENERGY COMPANY | AT COST | 6,066 | 6,806 |
| CMS ENERGY CORP | AT COST | 4,912 | 5,520 |
| CENTERPOINT ENERGY INC | AT COST | 3,043 | 2,913 |
| CENTURYLINK INC | AT COST | 19,406 | 19,530 |
| AT & T INC | AT COST | 3,191 | 3,175 |
| WELLS FARGO & CO | AT COST | 4,356 | 4,721 |
| JPMORGAN CHASE & CO | AT COST | 37,549 | 27,431 |
| CITIGROUP INC | AT COST | 37,037 | 23,021 |
| WELLPOINT INC | AT COST | 19,535 | 18,741 |
| UNITEDHEALTH GROUP INC | AT COST | 15,244 | 16,471 |
| HEALTH NET INC | AT COST | 4,227 | 4,107 |
| METLIFE INC | AT COST | 6,074 | 5,301 |
| VISA INC | AT COST | 5,141 | 6,092 |
| MORGAN STANLEY | AT COST | 6,170 | 5,674 |
| MOODY'S CORP | AT COST | 7,090 | 6,736 |
| MCGRAW-HILL COMPANIES INC | AT COST | 3,444 | 3,822 |
| GOLDMAN SACHS GROUP INC | AT COST | 12,244 | 7,687 |
| CBRE GROUP INC. | AT COST | 7,649 | 6,469 |
| NVR INC | AT COST | 3,646 | 3,430 |
| 1,000 SHS ISHARES TR MSCI EMERGING MKTS | AT COST | ||
| ISHARES RUSSEL MIDCAP INDEX FD | AT COST | ||
| ISHARES TR MSCI EAFE INDEX FD | AT COST | ||
| ISHARES TR S&P 500 INDEX FD | AT COST | ||
| ISHARES BARCLAYS AGG BOND FUND | AT COST |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTEREST RECEIVABLES | 9,992 | 3,131 | 3,131 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 7,440 | 7,440 | 7,440 | |
| FILING FEES | 250 | 250 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IRS | 3,289 | 3,289 | ||
| FOREIGN TAXES | 1,947 | 1,947 |