| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Boustead and Costello, CPA's | 1,145 | 1,145 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Goldman Sachs BE | 100,152 | 100,152 |
| Morgan Stanley Global Sub | 100,795 | 100,795 |
| JP Morgan Chase BE | 101,751 | 101,751 |
| Wells Fargo & Co. | 103,776 | 103,776 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Consolidated Natural Gas | 104,115 | 104,115 |
| Templeton Global Bond Fund | 73,822 | 73,822 |
| SPDR S&P 500ETF | 18,469 | 18,469 |
| SPDR S&P 500ETF | 18,469 | 18,469 |
| SPDR S&P 500ETF | 36,938 | 36,938 |
| SPDR S&P Midcap 400ETF | 24,420 | 24,420 |
| SPDR S&P Midcap 400ETF | 24,420 | 24,420 |
| Montpelier RE Holdings | 8,759 | 8,759 |
| Montpelier RE Holdings | 1,339 | 1,339 |
| Montpelier RE Holdings | 6,664 | 6,664 |
| Montpelier RE Holdings | 4,831 | 4,831 |
| White Mountains Insurance Group | 16,283 | 16,283 |
| White Mountains Insurance Group | 1,206 | 1,206 |
| White Mountains Insurance Group | 1,809 | 1,809 |
| White Mountains Insurance Group | 1,206 | 1,206 |
| White Mountains Insurance Group | 1,809 | 1,809 |
| Advent Software Inc. | 909 | 909 |
| Advent Software Inc. | 2,167 | 2,167 |
| Advent Software Inc. | 1,957 | 1,957 |
| Advent Software Inc. | 7,550 | 7,550 |
| Advent Software Inc. | 4,054 | 4,054 |
| Albemarle Corp. | 507 | 507 |
| Albemarle Corp. | 3,550 | 3,550 |
| Albemarle Corp. | 4,564 | 4,564 |
| Albemarle Corp. | 5,135 | 5,135 |
| Albemarle Corp. | 887 | 887 |
| Albemarle Corp. | 3,994 | 3,994 |
| Albemarle Corp. | 18,130 | 18,130 |
| Albemarle Corp. | 3,233 | 3,233 |
| Albemarle Corp. | 3,360 | 3,360 |
| Alexander & Baldwin Inc. | 6,552 | 6,552 |
| Alexander & Baldwin Inc. | 2,087 | 2,087 |
| Alexander & Baldwin Inc. | 876 | 876 |
| Alexander & Baldwin Inc. | 3,171 | 3,171 |
| Alexander & Baldwin Inc. | 4,841 | 4,841 |
| Alexander & Baldwin Inc. | 4,006 | 4,006 |
| Alexander & Baldwin Inc. | 3,839 | 3,839 |
| Alliant Techsystems Inc. | 4,259 | 4,259 |
| Alliant Techsystems Inc. | 5,111 | 5,111 |
| Alliant Techsystems Inc. | 4,380 | 4,380 |
| Alliant Techsystems Inc. | 12,898 | 12,898 |
| American Eagle Outfitters | 7,733 | 7,733 |
| American Eagle Outfitters | 3,542 | 3,542 |
| Atwood Oceanics Inc. | 12,653 | 12,653 |
| Atwood Oceanics Inc. | 1,869 | 1,869 |
| Atwood Oceanics Inc. | 1,975 | 1,975 |
| Atwood Oceanics Inc. | 14,362 | 14,362 |
| Atwood Oceanics Inc. | 1,442 | 1,442 |
| Atwood Oceanics Inc. | 1,068 | 1,068 |
| Cabelas Inc. | 4,466 | 4,466 |
| Cabelas Inc. | 7,333 | 7,333 |
| Cabelas Inc. | 5,599 | 5,599 |
| Cabelas Inc. | 333 | 333 |
| Cabelas Inc. | 5,666 | 5,666 |
| Cabelas Inc. | 1,000 | 1,000 |
| Cabelas Inc. | 32,463 | 32,463 |
| Cabelas Inc. | 3,666 | 3,666 |
| Columbia Sportwear Co. | 4,804 | 4,804 |
| Columbia Sportwear Co. | 4,410 | 4,410 |
| Columbia Sportwear Co. | 3,780 | 3,780 |
| Columbia Sportwear Co. | 4,410 | 4,410 |
| Columbia Sportwear Co. | 4,253 | 4,253 |
| Corrections Corp. | 10,102 | 10,102 |
| Corrections Corp. | 1,636 | 1,636 |
| Corrections Corp. | 6,350 | 6,350 |
| Corrections Corp. | 6,318 | 6,318 |
| Corrections Corp. | 2,694 | 2,694 |
| Corrections Corp. | 4,618 | 4,618 |
| Deckers Outdoor Corp | 12,162 | 12,162 |
| Deckers Outdoor Corp | 24,324 | 24,324 |
| Eaton Vance Corp. | 10,056 | 10,056 |
| Eaton Vance Corp. | 1,155 | 1,155 |
| Eaton Vance Corp. | 1,840 | 1,840 |
| Eaton Vance Corp. | 4,322 | 4,322 |
| Eaton Vance Corp. | 6,846 | 6,846 |
| Eaton Vance Corp. | 13,308 | 13,308 |
| Eaton Vance Corp. | 12,751 | 12,751 |
| Kaman Corp. | 874 | 874 |
| Kaman Corp. | 477 | 477 |
| Kaman Corp. | 2,225 | 2,225 |
| Kaman Corp. | 10,926 | 10,926 |
| MBIA Inc. | 13,301 | 13,301 |
| MBIA Inc. | 4,967 | 4,967 |
| MBIA Inc. | 3,164 | 3,164 |
| MRC Global Inc. | 34,712 | 34,712 |
| Martin Marietta Material Inc. | 8,995 | 8,995 |
| Martin Marietta Material Inc. | 1,499 | 1,499 |
| Martin Marietta Material Inc. | 2,399 | 2,399 |
| Martin Marietta Material Inc. | 5,197 | 5,197 |
| Matson Inc. | 470 | 470 |
| Matson Inc. | 3,029 | 3,029 |
| Matson Inc. | 2,507 | 2,507 |
| Matson Inc. | 2,402 | 2,402 |
| Matson Inc. | 3,081 | 3,081 |
| Matson Inc. | 3,185 | 3,185 |
| Matson Inc. | 1,645 | 1,645 |
| Matson Inc. | 1,802 | 1,802 |
| Micrel Inc. | 1,175 | 1,175 |
| Micrel Inc. | 1,224 | 1,224 |
| Micrel Inc. | 6,800 | 6,800 |
| Newmarket Corp. | 6,683 | 6,683 |
| Newmarket Corp. | 8,688 | 8,688 |
| Newmarket Corp. | 22,054 | 22,054 |
| Newmarket Corp. | 18,712 | 18,712 |
| Newmarket Corp. | 15,037 | 15,037 |
| Old Dominion Freight Line Inc. | 7,396 | 7,396 |
| Old Dominion Freight Line Inc. | 13,958 | 13,958 |
| Old Dominion Freight Line Inc. | 19,445 | 19,445 |
| Old Dominion Freight Line Inc. | 9,782 | 9,782 |
| Olin Corp. | 38,803 | 38,803 |
| Pricesmart Inc. | 24,379 | 24,379 |
| Pricesmart Inc. | 7,395 | 7,395 |
| Pricesmart Inc. | 10,052 | 10,052 |
| Pricesmart Inc. | 10,399 | 10,399 |
| Richie Bros Auctioneers Inc. | 1,972 | 1,972 |
| Richie Bros Auctioneers Inc. | 3,187 | 3,187 |
| Richie Bros Auctioneers Inc. | 3,118 | 3,118 |
| Richie Bros Auctioneers Inc. | 3,050 | 3,050 |
| Service Corp. International | 17,749 | 17,749 |
| Service Corp. International | 1,505 | 1,505 |
| Service Corp. International | 8,974 | 8,974 |
| Service Corp. International | 5,240 | 5,240 |
| Service Corp. International | 907 | 907 |
| Sturm Ruger & Co. Inc. | 17,542 | 17,542 |
| Sturm Ruger & Co. Inc. | 11,329 | 11,329 |
| Sturm Ruger & Co. Inc. | 1,316 | 1,316 |
| Sturm Ruger & Co. Inc. | 1,243 | 1,243 |
| Tejon Ranch Co. | 8,455 | 8,455 |
| Tejon Ranch Co. | 1,029 | 1,029 |
| Tejon Ranch Co. | 3,860 | 3,860 |
| Tejon Ranch Co. | 2,389 | 2,389 |
| Tejon Ranch Co. | 1,654 | 1,654 |
| Tempur Sealy International Inc. | 11,655 | 11,655 |
| Tempur Sealy International Inc. | 23,257 | 23,257 |
| Tenet Healthcare Corp. | 8,740 | 8,740 |
| Tenet Healthcare Corp. | 4,307 | 4,307 |
| Tenet Healthcare Corp. | 2,980 | 2,980 |
| Tenet Healthcare Corp. | 168 | 168 |
| Tenet Healthcare Corp. | 5,918 | 5,918 |
| Tenet Healthcare Corp. | 495 | 495 |
| Tenet Healthcare Corp. | 4,170 | 4,170 |
| Tenet Healthcare Corp. | 4,012 | 4,012 |
| Tredegar Corp. | 6,886 | 6,886 |
| Tredegar Corp. | 1,066 | 1,066 |
| Tredegar Corp. | 13,858 | 13,858 |
| Tredegar Corp. | 4,667 | 4,667 |
| Valueclick Inc. | 15,354 | 15,354 |
| World Fuel Systems Services Corp. | 3,410 | 3,410 |
| World Fuel Systems Services Corp. | 10,488 | 10,488 |
| First Industrial Realty Trust | 3,263 | 3,263 |
| First Industrial Realty Trust | 5,130 | 5,130 |
| First Industrial Realty Trust | 3,507 | 3,507 |
| First Industrial Realty Trust | 8,306 | 8,306 |
| First Industrial Realty Trust | 11,308 | 11,308 |
| Tejon Ranch Co. Warrants | 187 | 187 |
| Tejon Ranch Co. Warrants | 23 | 23 |
| Tejon Ranch Co. Warrants | 85 | 85 |
| Tejon Ranch Co. Warrants | 37 | 37 |
| Tejon Ranch Co. Warrants | 53 | 53 |
| Invesco Ltd. | 20,493 | 20,493 |
| Invesco Ltd. | 1,747 | 1,747 |
| Nielsen Holdings B V | 12,023 | 12,023 |
| Nielsen Holdings B V | 5,690 | 5,690 |
| Nielsen Holdings B V | 6,929 | 6,929 |
| Nielsen Holdings B V | 11,427 | 11,427 |
| Teekay Corp. | 22,421 | 22,421 |
| Teekay Corp. | 10,850 | 10,850 |
| Amazon.Com Inc. | 17,946 | 17,946 |
| Amazon.Com Inc. | 15,154 | 15,154 |
| AIG International Group Inc. | 4,288 | 4,288 |
| AIG International Group Inc. | 16,642 | 16,642 |
| AIG International Group Inc. | 5,871 | 5,871 |
| Blackrock Inc. | 18,039 | 18,039 |
| Blackrock Inc. | 5,380 | 5,380 |
| Boeing Co. | 22,930 | 22,930 |
| Boeing Co. | 15,287 | 15,287 |
| Boeing Co. | 5,869 | 5,869 |
| Borgwarner Inc. | 8,610 | 8,610 |
| Borgwarner Inc. | 18,674 | 18,674 |
| Calpine | 20,466 | 20,466 |
| Calpine | 8,175 | 8,175 |
| Calpine | 6,263 | 6,263 |
| Denbury Resources Inc | 8,182 | 8,182 |
| Denbury Resources Inc | 7,377 | 7,377 |
| Denbury Resources Inc | 6,145 | 6,145 |
| EBay Inc. | 5,102 | 5,102 |
| EBay Inc. | 11,357 | 11,357 |
| EBay Inc. | 8,010 | 8,010 |
| EBay Inc. | 10,534 | 10,534 |
| EBay Inc. | 5,322 | 5,322 |
| EBay Inc. | 7,681 | 7,681 |
| Enbridge Energy Partners LP | 20,401 | 20,401 |
| Enbridge Energy Partners LP | 5,197 | 5,197 |
| Express Scripts Holding Co. | 12,994 | 12,994 |
| Express Scripts Holding Co. | 15,031 | 15,031 |
| Express Scripts Holding Co. | 9,904 | 9,904 |
| General Motors | 28,282 | 28,282 |
| Hunt J B Transportation Services | 387 | 387 |
| Hunt J B Transportation Services | 8,812 | 8,812 |
| Hunt J B Transportation Services | 10,358 | 10,358 |
| IHS Inc. | 32,080 | 32,080 |
| IHS Inc. | 6,823 | 6,823 |
| Intuit Inc. | 19,004 | 19,004 |
| Intuit Inc. | 14,119 | 14,119 |
| ITC Holdings Inc. | 13,127 | 13,127 |
| ITC Holdings Inc. | 3,929 | 3,929 |
| ITC Holdings Inc. | 7,857 | 7,857 |
| JP Morgan Chase | 32,222 | 32,222 |
| Markwest Energy Partners LP | 8,200 | 8,200 |
| Markwest Energy Partners LP | 7,539 | 7,539 |
| Markwest Energy Partners LP | 13,094 | 13,094 |
| Monsanto Co. | 583 | 583 |
| Monsanto Co. | 2,681 | 2,681 |
| Monsanto Co. | 11,422 | 11,422 |
| Monsanto Co. | 11,888 | 11,888 |
| Monsanto Co. | 7,343 | 7,343 |
| Pioneer Natural Resources | 14,726 | 14,726 |
| Pioneer Natural Resources | 18,039 | 18,039 |
| QEP Res Inc. | 23,417 | 23,417 |
| Range Resources | 25,462 | 25,462 |
| Range Resources | 7,757 | 7,757 |
| Union Pacific Corp. | 6,384 | 6,384 |
| Union Pacific Corp. | 11,256 | 11,256 |
| Union Pacific Corp. | 9,744 | 9,744 |
| Union Pacific Corp. | 6,552 | 6,552 |
| United Rentals | 12,160 | 12,160 |
| United Rentals | 12,394 | 12,394 |
| Verisk Analytics Inc. | 11,895 | 11,895 |
| Verisk Analytics Inc. | 13,538 | 13,538 |
| American Tower REIT | 22,509 | 22,509 |
| American Tower REIT | 4,550 | 4,550 |
| American Tower REIT | 5,428 | 5,428 |
| American Tower REIT | 4,869 | 4,869 |
| American Tower REIT | 7,657 | 7,657 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 400 CAPITAL LP | FMV | 758,068 | 758,068 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Accrued Interest on Bonds | 6,151 | ||
| Accrued Security Sales | 34,953 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Office Expense | 494 | 247 | 247 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| 400 Capital Credit K-1 | 15,556 | 15,556 |
| Description | Amount |
|---|---|
| Unrealized Gain(Loss) on Securities | 233,633 |
| Unrealized Gain(Loss) on 400 Capital Credit Opportunities Fund LP | 26,086 |
| MLP Distributions | 3,321 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Credit Suisse Management Fees | 26,670 | 26,670 | 0 | |
| 400 Capital Credit Opportunities Fund LP | 20,555 | 20,555 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Tax | 5,402 | 0 | 0 | |
| Foreign Taxes | 61 | 61 | 0 |