| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 2,000 | 2,000 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PLUM CREEK TIMBER | 0 | 0 |
| TFS MARKET NEUTRAL | 0 | 0 |
| ISHARES S&P GLBL INFR | 0 | 0 |
| LOOMIS SAYLES GLBL BD | 9,332 | 8,891 |
| LOOMIS SAYLES BD INSTL | 22,272 | 22,434 |
| THE GIRALDA FUND CL M | 203,820 | 271,064 |
| INDEXIQ ETF TR IQ GLOBAL AGRIBUSINESS | 0 | 0 |
| ISHARES INC MSCI EMERGING MKTS | 12,110 | 13,025 |
| ISHARES TR DOWN JONES U S REAL ESTATE | 0 | 0 |
| SPDR INDEX SHS FDS S&P | 0 | 0 |
| VANGUARD INDEXX FDS VANGAURD REIT | 50,390 | 60,750 |
| AQR DIVERSIFIED ARBITRAGE CLASS I | 0 | 0 |
| SCHOONER FUND CL I | 15,229 | 17,442 |
| WEYERHAEUSER CO COM | 9,390 | 16,151 |
| AIM INVESCO BALANCED RISK | 0 | 0 |
| JOHN HANCOCK GLOBAL ABSOLUTE RETURN STRATEGIES I | 0 | 0 |
| MAINSTAY MARKETFIELD I | 0 | 0 |
| STONE RIDGE HIGH YIELD REINSURANCE RISK PREM I | 16,606 | 16,426 |
| STONE RIDGE REINSURANCE RISK PREM I | 16,444 | 16,404 |
| CLAYMOR S&P GLOBAL WATER | 0 | 0 |
| EGA SHARES EMERGING MARKETS HIGH INCOME/LOW BETA | 0 | 0 |
| ISHARES MSCI GLOBAL AGRICULTURE PRODUCERS | 0 | 0 |
| ISHARES MSCI MEXICO INDEX | 0 | 0 |
| VANGUARD FTSE ALL WORLD EX-US SMALL CAP | 0 | 0 |
| POWERSHARES SENIOR LOAN PORT | 0 | 0 |
| EGA EMERGING GLOBAL SHARES | 14,662 | 15,255 |
| ISHARES IBONDS SEP 2017 | 5,814 | 5,766 |
| ISHARES IBONDS SEP 2016 | 5,912 | 5,863 |
| ISHARES IBONDS SEP 2015 | 5,852 | 5,799 |
| ISHARES IBONDS SEP 2018 | 5,863 | 5,893 |
| INVESCO BALANCED RISK ALLOCTION CL Y | 7,558 | 7,029 |
| TORTOISE MLP & PIPELINE FD INSTL | 21,831 | 23,055 |
| POWERSHARES EXCHANGE TRADED FDS TST FTSE | 16,575 | 17,126 |
| POWERSHARES EXCHANGE TRADED FD TR II | 24,285 | 23,549 |
| SALIENT MLP & ENERGY INFRASTRUCTURE FD II | 24,787 | 25,842 |
| SCOUT UNCONSTRAINED BOND FD | 9,953 | 9,436 |
| CONVERGENCE OPPORTUNITIES INSTL | 16,770 | 17,904 |
| WASATCH INTERNATIONAL GROWTH | 14,908 | 13,452 |
| WASATCH FRONTIER EMERGING SMALL CO'S | 21,902 | 21,842 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME IN TRANSIT NET OF FOREIGN TAX | 613 | 187 | 187 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BASIS ADJUSTMENT IN TRANSIT | 0 | 1,135 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 102 | 102 | 0 |