| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,311 | 0 | 11,311 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MERRILL LYNCH CAPITAL 7.0% | 74,865 | 97,926 |
| MORGAN STANLEY CAP 6.25% | 100,000 | 101,880 |
| LEHMAN BROS. 6.375% | 75,004 | 366 |
| RBS CAPITAL FUND TRUST 6.080% | 100,000 | 99,560 |
| ING GROUP 6.20% | 100,000 | 101,080 |
| NOBLE CORP PLC COM | 93,190 | 55,132 |
| ROYAL BANK OF SCOTLAND 6.4% | 100,000 | 100,012 |
| EATON VANCE | 70,774 | 68,100 |
| ASSURED GTY MUN HOLDINGS | 70,117 | 74,327 |
| AEGON N V 6.5% | 100,000 | 103,120 |
| COUNTRYWIDE CAPITAL V 7.0% | 100,000 | 102,520 |
| PARAGON OFFSHORE PLC COM | 12,647 | 1,920 |
| MERRILL LYNCH CAP TR II GTD 6.45% | 100,000 | 101,920 |
| NUCOR CORP | 75,266 | 48,860 |
| STEEL DYNAMICS INC | 37,590 | 22,130 |
| PNC FINANCIAL SERVICES | 121,954 | 275,190 |
| PNC FINANCIAL SERVICES | 57,258 | 10,732 |
| GLAXOSMITHKLINE PLC SPONSORED | 73,138 | 92,300 |
| EXELON CORP 3.30% | 59,936 | 51,881 |
| JOHNSON & JOHNSON 3.09% | 30,182 | 43,152 |
| PPL CORP 4.40% | 60,085 | 70,272 |
| PRINCIPAL INVESTORS PREFERRED SECURITIES FUND A | 500,009 | 499,761 |
| AMERICAN FINL GROUP INC 6.375% | 53,321 | 57,233 |
| HCP INC | 98,497 | 108,783 |
| QWEST CORP 7.375% | 52,374 | 55,062 |
| TELEPHONE & DATA SYS 6.875% | 52,890 | 55,770 |
| US CELLULAR CORP 6.95% | 53,726 | 55,255 |
| AMERICAN FUNDS HIGH INCOME | 234,376 | 219,188 |
| LOOMIS SAYLES | 335,433 | 328,616 |
| DEUTSCHE BK CAP FDG 6.625% | 0 | 0 |
| AEGON NV PERPETUAL CAP 7.25% | 0 | 0 |
| METLIFE INC 5.875% | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SEI PORTFOLIO | AT COST | 1,486,665 | 2,148,750 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PA FILING FEE | 15 | 0 | 15 | |
| CHECK PRINTING FEE | 67 | 0 | 67 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 10,552 | 10,552 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 382 | 0 | 0 |