| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LOOMIS SAYLES BD INSTL | 77,761 | 83,481 |
| LOOMIS SAYLES BD GLBL BD | 27,740 | 27,813 |
| PLUM CREEK TIMBER | 32,616 | 37,208 |
| TFS MARKET NEUTRAL FD | 52,679 | 54,182 |
| MARKET VCTRS AGRIBUSIN | 0 | 0 |
| ISHARE S&P GLBL INFRSTR | 63,032 | 70,481 |
| THE GIRALDA FUND | 776,054 | 950,482 |
| CLAYMORE/GUGGENHM S&P GLOBAL | 53,310 | 73,549 |
| EGA EMERGING GLOBAL SHARES TRUST | 38,246 | 36,645 |
| INDEXIQ ETF TR GLOBAL AGIRBUSINESS | 27,448 | 32,725 |
| ISHARES INC MSCI EMERGING MKTS | 37,103 | 41,073 |
| ISHARES TR S&P LATIN AMER 40 | 0 | 0 |
| ISHARES TR DOW JONES U S REAL ESTATE | 62,462 | 64,972 |
| ISHARES TR JPMORGAN USD EMERGING MKTS | 0 | 0 |
| POWERSHARES EXCHANGE TRADED FD TR II | 0 | 0 |
| POWERSHARES EXCH TRADED FD TST II | 0 | 0 |
| SPDR INDEX SHS FDS S&P EMERGING MKTS SM | 0 | 0 |
| VANGUARD INTL EQUITY INDEX | 58,871 | 76,176 |
| VANGUARD INDEX FDS VANGUARD REIT ETF | 72,645 | 74,244 |
| BARCLAYS BANK PLC | 0 | 0 |
| FIDELITY TOTAL BOND | 0 | 0 |
| AQR DIVERSIFIED ARBITRAGE | 0 | 0 |
| CMG ABSOLUTE RETURN STRATEGIES CLASS I | 0 | 0 |
| SCHOONER FUND CL I | 65,096 | 71,124 |
| WEYERHAEUSER CO COM | 33,371 | 50,512 |
| FIDELITY ASSET MANAGER 60% | 20,000 | 20,090 |
| AIM INVESCO BALANCED RISK ALLOCATION Y | 19,066 | 18,037 |
| MAINSTAY MARKETFILED I | 62,948 | 70,173 |
| STONE RIDGE HIGH YIELD REINSURANCE RISK PREM I | 13,979 | 14,151 |
| STONE RIDGE REMINSURANCE RISK PREM I | 29,536 | 30,139 |
| ISHARES MSCI GLOBAL AGRICULTUE PRODUCERS | 29,307 | 28,579 |
| ISHARES MSCI MEXICO INDEX | 39,007 | 39,440 |
| POWERSHARES SENIOR LOAN PORT | 77,693 | 77,999 |
| SALIENT MLP & ENERGY INFRASTRUCTURE II | 85,000 | 86,476 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME IN TRANSIT - NET OF FOREIGN TAX | 2,314 | 1,213 | 1,213 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEE | 25 | 0 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 588 | 588 | 0 |