| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 600 | 0 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ALTEGRIS | AT COST | 0 | 0 |
| CEROS HUNDREDFOLD SELECT ALT | AT COST | 1,167,710 | 1,089,274 |
| CEROS HUDREDFOLD GLOBAL PERSPECTIVE | AT COST | 0 | 0 |
| CEROS ALLIANCE BERNSTEIN HIGH INCOME | AT COST | 0 | 0 |
| CEROS CASH | AT COST | 0 | 0 |
| CEROS ADV PFD ONTRACK | AT COST | 56,237 | 52,077 |
| CEROS ADV PFD SPECTRUM | AT COST | 2,655,017 | 2,661,173 |
| CEROS HUDREDFOLD SELECT EQUITY | AT COST | 385,926 | 411,654 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 400 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK & WIRE CHARGE | 106 | 0 | 0 | 0 |
| PENALTY | 8 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CEROS ACCOUNT MARGIN LOAN | 0 | 656,329 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT ADVISOR FEE | 11,527 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ANNUAL REPORT STATE OF VA | 25 | 0 | 0 | 0 |
| EXCISE TAX ON INVESTMENT INCOME | 820 | 0 | 0 | 0 |
| UNRELATED BUSINESS INCOME TAX | 360 | 0 | 0 | 0 |
| VIRGINIA INCOME TAX | 204 | 0 | 0 | 0 |