| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 120M Alliant Techsys 6.875% 9/15/20 | 129,887 | 129,300 |
| 50M Arizona Public SE 5.8% 06/30/2014 | 49,446 | 51,212 |
| 15M Ball Corp 4% 11/15/23 | 13,641 | 13,425 |
| 75M Ball Corp 5.75% 5/15/2021 | 81,384 | 78,750 |
| 25M Clean Harbor 5.25% 05/15/21 | 25,094 | 25,625 |
| 25M Colonial Realty 6.25% 06/15/2014 | 24,481 | 25,608 |
| 75M Darling Inc 8.5% 12/15/2018 | 86,146 | 82,406 |
| 50M Ford Motor Credit 7.0% 4/15/2015 | 55,175 | 53,779 |
| 50M Hanesbrands Inc 6.375% 12/15/20 | 55,438 | 54,688 |
| 100M Lear Corp 7.875% 03/15/2018 | 106,875 | 105,000 |
| 100M Olin Corporation 5.5% 8/15/22 | 101,250 | 99,500 |
| 50M Royal Caribbean Cruises 5.250% 11/15/2022 | 49,024 | 50,250 |
| 75M Scotts Miracle 7.25% 01/15/18 | 77,250 | 77,531 |
| 80M Service Corp Intl 8% 11/15/2021 | 92,732 | 92,000 |
| 70M Time Warner Cable 8.75% 02/14/2019 | 83,133 | 83,703 |
| 75M Treehouse Foods 7.75% 03/01/2018 | 81,338 | 78,750 |
| 50M Tupperware 4.75% 6/1/2021 | 51,754 | 49,967 |
| 35M Weyerhauser Co 7.125% 07/15/2023 | 41,090 | 41,664 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 2000 ABB Ltd | 50,770 | 53,120 |
| 900 Allergan Inc | 86,232 | 99,972 |
| 200 Apple Inc | 57,289 | 112,204 |
| 1600 Arcos Dorados Holdings | 63,041 | 36,360 |
| 500 Berkshire Hathaway Cl B | 19,669 | 59,280 |
| 600 Celgene Corp | 34,893 | 101,381 |
| 4000 Cenovus Energy Inc | 27,948 | 114,600 |
| 1000 Cognizant Tech Solutions | 33,984 | 100,980 |
| 1000 Deere & Co | 85,231 | 91,330 |
| 600 Diageo PLC ADR | 33,359 | 79,452 |
| 1400 Dresser Rand Group | 59,959 | 107,334 |
| 2500 E M C Corp Mass | 62,629 | 75,450 |
| 1000 Evercore Partners Inc A | 28,336 | 59,780 |
| 1000 Expeditors Intl Wash | 59,095 | 61,950 |
| 500 F5 Networks Inc | 56,873 | 54,516 |
| 1500 General Electric Co | 57,635 | 42,045 |
| 160 Google Inc Cl A | 62,874 | 140,089 |
| 500 Greenhill & Co Inc | 32,637 | 28,970 |
| 8000 Henderson Land Development | 59,688 | 57,069 |
| 90 Intuitive Surgical | 8,777 | 34,567 |
| 2500 Jacobs Engineering Group | 13,785 | 157,475 |
| 3500 Kinder Morgan Inc | 121,970 | 126,000 |
| 1000 Monsanto Co | 70,948 | 116,550 |
| 600 National Oilwell Varco | 41,367 | 47,718 |
| 1200 Pepsico Inc | 68,379 | 99,528 |
| 3500 Quanta Services Inc | 72,920 | 110,460 |
| 2600 Resmed Inc | 25,325 | 122,408 |
| 1200 United Parcel Service | 81,442 | 126,096 |
| 400 Visa Inc Cl A | 22,378 | 89,072 |
| 400 VMWare Inc Cl A | 31,969 | 35,884 |
| 1000 Wal-mart Stores | 50,480 | 78,690 |
| 4000 Whitewave Foods Co | 65,461 | 91,760 |
| 5400 Hospitality Properties Pfd Stck Series D | 138,639 | 124,902 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 900 American Tower Corp REIT | AT COST | 64,445 | 71,838 |
| 4000 Pfd 7.55% 04/01/28 | AT COST | 100,765 | 101,840 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Portfolio Expense | 65 | 65 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Fees | 16,761 | 16,761 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Tax | 5,974 | 0 | 0 | |
| Foreign Taxes | 790 | 790 | 0 | |
| CT Filing Fees | 20 | 0 | 20 |