| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLSTATE CORP NTS B/E | 0 | 0 |
| ALLY FINANCIAL INC | 0 | 0 |
| ALTRIA GROUP INC | 0 | 0 |
| AMERIGAS FIN CORP B/E | 0 | 0 |
| ANGEL OAK MULTI STRATEGY INCOME FD CLASS A | 0 | 0 |
| ANGEL OAK MULTI STRATEGY INCOME FD CLASS A | 623,246 | 616,637 |
| AT&T INC | 0 | 0 |
| AVIS BUDGET | 0 | 0 |
| BAIRD SHORT TERM BD INST | 0 | 0 |
| BANK OF NY | 0 | 0 |
| BARCLAYS BK PLC | 0 | 0 |
| BB&T CORP MED TERM NTS B/E | 0 | 0 |
| BILL BARRETT CORP | 0 | 0 |
| BK OF AMER COP | 0 | 0 |
| BOSTON PROPERTIES INC | 0 | 0 |
| BOTTLING GROUP LLC | 0 | 0 |
| BP CAPITAL MARKETS PLC | 0 | 0 |
| BURLINGTON NTHN SANTA FE | 0 | 0 |
| CHEASAPEAKE ENERGY CORP | 0 | 0 |
| CHURCH & DWIGHT CO INC | 0 | 0 |
| CIGNA CORP | 0 | 0 |
| CITIGROUP INC | 0 | 0 |
| CNA FINANCIAL CORP | 0 | 0 |
| CONCHO RESOURCES INC | 0 | 0 |
| CONS EDISON NY | 0 | 0 |
| DIRECTV HLDGS LLC | 0 | 0 |
| DUKE ENERGY CAROLINAS | 0 | 0 |
| EBAY INC | 0 | 0 |
| ENERGY TRANSFER PARTNERS | 0 | 0 |
| EQUINIZ INC | 0 | 0 |
| FIDELITY FLOATING RATE | 500,000 | 508,144 |
| GOLDMAN SACHS GROUP INC | 0 | 0 |
| GOLDMAN SACHS GROUP INC NOTES | 0 | 0 |
| HCA HLDGS INC | 0 | 0 |
| HONEYWELL INTL INC | 0 | 0 |
| HORNBECK OFFSHORE SVS | 0 | 0 |
| HUNTSMAN INTL LLC | 0 | 0 |
| ICAHN ENTERPRISES LP | 0 | 0 |
| INTELSAT JACKSON HLDGS | 0 | 0 |
| INTL BUSINESS MACH NTS | 0 | 0 |
| ISLE OF CAPRI CASINOS | 0 | 0 |
| JEFFERIES GROUP INC | 0 | 0 |
| JP MORGAN CHASE & CO | 0 | 0 |
| KIMBERLY CLARK CORP | 0 | 0 |
| KINDER MORGAN ENERGY | 0 | 0 |
| LIFE TECHNOLOGIES CORP | 0 | 0 |
| LINCOLN NATL CORP | 0 | 0 |
| LOOMIS SAYLES BOND FUND | 0 | 0 |
| MACYS RETAIL HLDGS INC | 0 | 0 |
| METLIFE INC NTS SER A | 0 | 0 |
| NASDAQ OMX GROUP | 0 | 0 |
| NATL MONEY MART CO NTS | 0 | 0 |
| NATL RURAL UTIL COOP | 0 | 0 |
| NII CAPITAL CORP | 0 | 0 |
| NORTHERN STATES PWR-MINN | 0 | 0 |
| NUVEEN REAL ASSET INCOME & GROWTH FD | 271,472 | 224,785 |
| NUVEEN REAL ASSET INCOME & GROWTH FD | 485,665 | 394,881 |
| NUVEEN REAL ASSET INCOME & GROWTH FD | 511,380 | 476,538 |
| NUVEEN SYMPHONY CREDIT OPPORTUNITIES FUND A | 0 | 0 |
| NUVEEN SYMPHONY CREDIT OPPORTUNITIES FUND A | 665,825 | 689,505 |
| OMNICOM GROUP INC | 0 | 0 |
| PIMCO EMRG LOCAL BD FD | 0 | 0 |
| PIMCO TOTAL RETURN FUND | 0 | 0 |
| PLAINS EXPLORATION & 508P PROD CO | 0 | 0 |
| PNC FUNDING CORP | 0 | 0 |
| PRIDE INTL INC | 0 | 0 |
| PRUDENTIAL FINANCIAL INC | 0 | 0 |
| PUBLIC SVC ELEC & GAS | 0 | 0 |
| REGIONS FINANCIAL | 0 | 0 |
| REVLON CONSUMER PRODUCTS | 0 | 0 |
| RIO TINTO FIN LTD | 0 | 0 |
| SLM CORP | 0 | 0 |
| SUNTRUST BANKS INC | 0 | 0 |
| TARGET CORP NTS | 0 | 0 |
| TCW EMERGING MARKETS INCOME FUND CLASS N | 0 | 0 |
| TCW EMERGING MARKETS INCOME FUND CLASS N | 729,540 | 721,040 |
| TEVA PHARMA FIN IN LLC | 0 | 0 |
| TIMEWARNER INC | 0 | 0 |
| TRANSOCEAN SEDCO FOREX INC | 0 | 0 |
| UDR INC MED TERM | 0 | 0 |
| UNITED PARCEL SERVICE B/E | 0 | 0 |
| UNITED TECHNOLOGIES CORP | 0 | 0 |
| US BANK NA MINN NTS SER BKNT B/E | 0 | 0 |
| VENTAS REALTY LP | 0 | 0 |
| WALT DISNEY CO | 0 | 0 |
| WEYERHAEUSER CO | 0 | 0 |
| WYNDHAM WORLDWIDE CORP | 0 | 0 |
| ZIONS BANCORP | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABSOLUTE STRATEGES FUND INSTL SHR | 0 | 0 |
| AFLAC INC | 0 | 0 |
| AIR PROD & CHEMICAL INC | 0 | 0 |
| ASTRAZENECA PLC SPN ADR | 0 | 0 |
| BANK OF NOVA SCOTIA CANADA | 0 | 0 |
| BLACK ROCK EQTY DIVIDEND FD CL INSTL | 100,000 | 123,981 |
| BOEING COMPANY | 0 | 0 |
| BRITISH AMER TOBACCO PLC GB SPON ADR | 0 | 0 |
| CLOROX CO | 0 | 0 |
| COCA COLA CO COM | 0 | 0 |
| COLGATE PALMOLIVE CO | 0 | 0 |
| CREE INC | 303,292 | 298,470 |
| CSX CORPORATION | 0 | 0 |
| CUSHING ROYALTY ENERGY | 250,000 | 237,488 |
| DIAGEO PLC NEW GB SPON ADR | 0 | 0 |
| EMERSON ELECTRIC CO | 0 | 0 |
| FIRST EAGLE OVERSEAS FUND CL I | 100,000 | 104,238 |
| FIRST EAGLE OVERSEAS FUND CLASS A | 0 | 0 |
| GENL MILLS INC | 0 | 0 |
| ILLINOIS TOOL WORKS | 0 | 0 |
| INNOVATOR MATRIX INCM FD CL A | 250,020 | 246,605 |
| INTEL COPR | 0 | 0 |
| JOHNSON & JOHNSON COM | 0 | 0 |
| MAINSTAY LARGE CAP GROWTH CL I | 100,000 | 127,236 |
| MEDTRONIC INC | 0 | 0 |
| NEUBERGER BERMAN EQUITY INCOME FUND CLASS A | 0 | 0 |
| NEXTERA ENERGY INC COM | 0 | 0 |
| NORTHEAST UTILITIES | 0 | 0 |
| NOVARTIS AG SPON ADR | 0 | 0 |
| OCCIDENTAL PETROLEUM CRP | 0 | 0 |
| OPPENHEIMER STEELPATH | 250,000 | 292,297 |
| PEARSON PLC SPON ADR | 0 | 0 |
| PUTNAM EQUITY SPECTRUM FUND CLASS A | 169,816 | 247,908 |
| PUTNAM EQUITY SPECTRUM FUND CLASS A | 118,000 | 156,160 |
| RAYTHEON CO | 0 | 0 |
| SANOFI SPON ADR | 0 | 0 |
| SCOUT INTL FD | 100,000 | 118,138 |
| SENTINEL SMALL COMPANY I | 100,000 | 86,819 |
| STONE RIDGE REINSURANCE | 1,000,000 | 998,980 |
| TORONTO DOMINION BK NEW CANADA | 0 | 0 |
| TOTAL S.A. FRANCE SPON ADR | 0 | 0 |
| UNILEVER PLC AMER SHS NEW SPON ADR | 0 | 0 |
| UNITED PARCEL SERVICE INC | 0 | 0 |
| UNTD TECHNOLOGIES CORP | 0 | 0 |
| VF CORP | 0 | 0 |
| VIRTUS EMERGING MARKETS | 0 | 0 |
| VIRTUS EMERGING MARKETS | 748,536 | 691,113 |
| VIRTUS GLOBAL MULTI-SECTOR INC | 272,455 | 239,672 |
| VIRTUS GLOBAL MULTI-SECTOR INC | 481,169 | 423,000 |
| VODAFONE GROUP PLC NEW SPON ADR | 0 | 0 |
| WELLS FARGO ADVTG EMRG MKT EQ I | 50,000 | 48,165 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AEP TEXAS CENTRAL TRAN SER | AT COST | 0 | 0 |
| CITIGROUP COML MTG | AT COST | 0 | 0 |
| COMM | AT COST | 0 | 0 |
| DISCOVER CARD MASTER TRUST | AT COST | 0 | 0 |
| FHMC PL G18439 | AT COST | 0 | 0 |
| FHR K-014 A-2 | AT COST | 0 | 0 |
| FHR K-016 A-2 | AT COST | 0 | 0 |
| FNMA PL 745275 | AT COST | 0 | 0 |
| FNMA PL AB3274 | AT COST | 0 | 0 |
| FNMA PL AB3938 | AT COST | 0 | 0 |
| FNMA PL AI1191 | AT COST | 0 | 0 |
| FNMA PL AJ8067 | AT COST | 0 | 0 |
| FNMA PL AL1568 | AT COST | 0 | 0 |
| FNMA PL AO3059 | AT COST | 0 | 0 |
| FNMA PL MA1028 | AT COST | 0 | 0 |
| GS MORTGAGE SECURITIES | AT COST | 0 | 0 |
| ISHARES GOLD TRUST | AT COST | 0 | 0 |
| ISHARES S&P U S PFD FUND | AT COST | 100,033 | 95,316 |
| JPMCC | AT COST | 0 | 0 |
| MARKET VECTORS ETF TRUST MORTGAGE REIT INCOME | AT COST | 249,935 | 212,055 |
| OCONNOR FD OF FDS: GLBL | AT COST | 0 | 0 |
| SCHW US LCAP VAL ETF | AT COST | 100,003 | 132,210 |
| SLMA SER 2008-5 CL A-4 | AT COST | 0 | 0 |
| SPECIAL CREDIT OPPORTUNITIES LP | AT COST | 0 | 108,396 |
| VANGUARD MSCI EAFE ETF | AT COST | 101,495 | 124,415 |
| WACHOVIA BANK COMMERCIAL | AT COST | 0 | 0 |
| WISDOMTREE JPN HDGD EQUTY | AT COST | 249,996 | 295,025 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 55,047 | 55,046 | 0 | |
| ASSOCIATION FEES | 725 | 0 | 0 | |
| TRAVEL | 383 | 0 | 0 | |
| ENTERTAINMENT | 1,310 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 2,805 | 2,805 | 2,805 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 10,000 | 0 | 0 | |
| FOREIGN TAXES | 322 | 322 | 0 |