| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,651 | 0 | 6,651 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PUTNAM DIVERSIFIED INCOME TRUST-CLASS A | 89,295 | 57,012 |
| PUTNAM HIGH YIELD ADVANTAGE FUND | 9,708 | 6,131 |
| AIM HIGH YIELD FUND | 160,081 | 81,740 |
| EATON VANCE INC. FUND | 200,218 | 145,919 |
| DREYFUS HIGH YIELD STRATEGIES FUND | 56,039 | 41,921 |
| HIGHLAND CREDIT STRATEGIES FUND | 11,557 | 4,427 |
| CREDIT SUISSE HI YIELD BOND FUND | 8,470 | 4,605 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FEDERAL HOME LOAN BANK 4.75% | AT COST | 2,094,884 | 2,079,120 |
| FANNIE MAE 2.75% | AT COST | 2,019,494 | 2,063,220 |
| FEDERAL HOME LOAN BANK 2.75% | AT COST | 2,028,505 | 2,074,480 |
| FEDERAL HOME LOAN MORTGAGE CORP 3.75% | AT COST | 1,335,235 | 1,307,964 |
| LARGECAP VALUE EQUITY | AT COST | 9,048,587 | 9,999,642 |
| SMIDCAP PLUS INVESTEMNT | AT COST | 3,728,131 | 4,792,687 |
| SMALLCAP VALUE EQUITY | AT COST | 2,400,872 | 2,968,344 |
| ALLCAP GROWTH EQUITY | AT COST | 8,778,217 | 10,671,564 |
| GLOBAL EQUITY | AT COST | 11,054,486 | 13,596,023 |
| EMERGING MARKETS | AT COST | 3,959,045 | 3,873,538 |
| HIGHYIELD BOND | AT COST | 3,237,935 | 3,239,993 |
| SHORT DURATION HIGH YIELD BOND | AT COST | 5,371,312 | 5,309,453 |
| GLOBAL STRATEGIC DIVERSIFICATION | AT COST | 2,191,295 | 2,144,174 |
| INCOME OPPORTUNITY | AT COST | 11,688,679 | 12,271,120 |
| REIT INVESTMENT | AT COST | 2,549,345 | 2,395,678 |
| FHLB .67% | AT COST | 750,000 | 744,938 |
| FHLB .65% | AT COST | 550,000 | 546,788 |
| FANNIE MAE .75% | AT COST | 751,493 | 746,303 |
| FNMA .50% | AT COST | 548,075 | 545,463 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 6,870 | 0 | 6,870 |
| Description | Amount |
|---|---|
| NON-DEDUCTIBLE PENALTY | 170 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ASSET MANAGEMENT FEE | 355,939 | 355,939 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 48,915 | 48,915 | 0 | |
| IRS | 96,332 | 0 | 0 |