| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| DEUTSCHE BANK AG TRIGGER | 100,000 | 98,220 |
| ESCROW GENL MOTORS CORP |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACCOR SA LTD S/ADR | 2,249 | 1,962 |
| ADOBE SYSTEMS, INC. | 12,119 | 22,158 |
| AEGON N V ORD AMER REG | 2,035 | 1,838 |
| AFLAC INC. | 12,813 | 14,753 |
| AGCO CP | 2,705 | 2,260 |
| AGREE REALTY CORP | 1,604 | 1,714 |
| AIRBUS GROUP | 3,350 | 2,969 |
| ALBEMARLE CP | 1,977 | 1,751 |
| ALERIAN MLP ETF | 4,384 | 4,626 |
| ALEXANDRIA REAL ESTATE EQUITIE | 1,300 | 1,577 |
| ALLETE INC | 2,120 | 2,194 |
| ALLIANT CORP | 1,938 | 2,353 |
| AMERICA MOVIL SA | 1,807 | 2,075 |
| AMTRUST FINANCIAL SERVICES, IN | 1,658 | 1,750 |
| APPLE INC. | 15,713 | 23,328 |
| APPLIED IDNS TECH | 1,575 | 1,611 |
| ARES CAPITAL CORPORATION - CLO | 3,482 | 3,150 |
| AUTOLIV INC | 1,838 | 1,927 |
| AVNET INC. | 2,666 | 2,725 |
| AXA ADS | 2,000 | 1,741 |
| B&G FOODS INC | 1,553 | 1,414 |
| BANCO BILBAO ARG SA | 2,041 | 1,864 |
| BARCLAYS PLC ADR | 2,333 | 2,033 |
| BAYER A G SPONSORED ADR | 1,984 | 2,130 |
| BAYTEX ENERGY CORP | 2,062 | 1,619 |
| BG GROUP PLC ADS | 1,897 | 1,515 |
| BIOGEN IDEC INC | 15,262 | 20,228 |
| BIOMED RLTY TR INC | 2,410 | 2,758 |
| BLACKROCK FUNDS II, STRATEGIC | 275,015 | 279,746 |
| BOEING CO | 10,548 | 15,114 |
| BRITISH AMERICAN TOBACCO PLC | 13,174 | 14,309 |
| BRITISH SKY BROADCASTING ADR | 3,004 | 2,844 |
| BROADRIDGE FINANCIAL SOLUTIONS | 1,051 | 1,186 |
| CABOT CP | 2,126 | 2,089 |
| CAPSTEAD MTG CORP | 2,609 | 2,656 |
| CELGENE CORP | 14,769 | 26,130 |
| CHECK POINT SOFTWARE TECHNOLOG | 1,980 | 2,228 |
| CITY HOLDING COMPANY | 857 | 855 |
| COCA-COLA CO | 14,046 | 15,496 |
| COLGATE-PALMOLIVE COMPANY | 11,983 | 14,981 |
| COLONY FINANCIAL INC. | 1,729 | 1,760 |
| COMCAST CORP CL A | 21,000 | 21,642 |
| COMMUNITY TRUST BANCORP, INC | 1,360 | 1,294 |
| COMPUTER PROGRAMS AND SYSTEMS, | 2,136 | 2,267 |
| CONSOLIDATED COMMUNICATIONS HO | 480 | 648 |
| COPA HOLDINGS S.A. | 1,703 | 1,754 |
| COSTCO WHOLESALE CORPORATION | 18,279 | 24,007 |
| CRANE CO. | 2,149 | 2,058 |
| CVS CAREMARK CORP. | 15,260 | 23,255 |
| CYS INVESTMENTS INC | 1,608 | 1,840 |
| DAIMLERCHRYSLER AG | 3,161 | 2,885 |
| DENSO CORP ADR | 1,996 | 1,981 |
| DEUTSCHE BOERSE ADR | 1,992 | 1,729 |
| DEUTSCHE POST AG | 1,929 | 1,996 |
| DIAGEO PLC ADS | 14,201 | 14,864 |
| DIGITAL RLTY TR INC | 1,986 | 2,622 |
| DOMINION RESOURCES INC | 14,746 | 15,401 |
| DWS RREEF GLOBAL INFRASTRUCTUR | 128,646 | 150,175 |
| EASTGROUP PROPERTIES INC | 580 | 689 |
| EBAY INC. | 21,181 | 21,210 |
| EMC CORP-MASS | 18,298 | 20,628 |
| EMERSON ELECTRIC CO. | 12,971 | 14,926 |
| ENLINK MIDSTREAM LLC | 3,299 | 3,525 |
| EPR PROPERTIES | 2,295 | 2,468 |
| ESTEE LAUDER COMPANIES INC | 17,796 | 21,276 |
| EXPRESS SCRIPTS HOLDING CO. | 19,317 | 24,429 |
| FIDELITY NATIONAL FINANCIAL IN | 1,699 | 2,029 |
| FIRST FINANCIAL BANCORP | 864 | 895 |
| FIRSTMERIT CORPORATION | 2,755 | 2,386 |
| FLY LEASING LTD | 566 | 458 |
| FRANKS INTERNATIONAL NV | 927 | 810 |
| GALLAGHER ARTHUR J & CO. | 1,723 | 1,860 |
| GARMIN LTD | 1,883 | 2,219 |
| GEA GROUP AG ADR | 1,962 | 1,842 |
| GILEAD SCIENCES INC | 13,736 | 22,400 |
| GREAT PLAINS ENERGY | 752 | 835 |
| HARRIS CORP DEL | 1,841 | 1,810 |
| HASBRO INC | 3,314 | 3,682 |
| HATTERAS FINL CPRP | 1,879 | 1,942 |
| HCA INC | 22,084 | 22,346 |
| HCC INS HLDGS INC. | 1,544 | 1,879 |
| HEINEKEN N V S ADR | 2,067 | 2,433 |
| HERCULES TECHNOLOGY GROWTH | 2,788 | 2,868 |
| HITACHI LTD | 2,034 | 2,149 |
| HNI CORP | 1,904 | 2,519 |
| HOLCIM LIMITED ADR | 2,007 | 1,770 |
| HOLLYFRONTIER CORP | 2,226 | 2,178 |
| HSBC HOLDINGS PLC | 1,976 | 1,888 |
| HUBBELL CLASS B | 1,489 | 1,474 |
| HUNTSMAN CORP | 1,895 | 2,098 |
| IDEX CP | 1,941 | 2,097 |
| ILLINOIS TOOL WORKS | 10,911 | 15,752 |
| INGREDION INC. | 1,137 | 1,159 |
| INTEL CORP | 10,804 | 15,100 |
| INVESCO PLC | 13,011 | 15,460 |
| ITC HOLDINGS CORP | 1,461 | 1,584 |
| IVY HIGH INCOME FUND CLASS C | 253,822 | 257,120 |
| J2 GLOBAL INC | 2,859 | 3,299 |
| JOHNSON & JOHNSON | 10,699 | 15,628 |
| JULIUS BAER GROUP LTD | 1,984 | 1,738 |
| KONINKLIJKE DSM NV ADR | 2,024 | 1,878 |
| KONINKLIJKE PHILIPS ELECTRONIC | 2,013 | 1,565 |
| LINCOLN ELECTRIC HOLDING INC. | 2,020 | 2,174 |
| LITTELFUSE, INC. | 782 | 878 |
| MAXIM INTEGRATED PRODS INC. | 1,503 | 1,496 |
| MCGRATH RENTCORP | 1,341 | 1,315 |
| MEDICAL PROPERTIES TRUST, INC | 2,610 | 2,752 |
| MEDTRONIC INC | 10,344 | 16,018 |
| MICHAEL KORS HOLDINGS LIMITED | 25,402 | 23,813 |
| MICROCHIP TECHNOLOGY INC. | 2,047 | 1,983 |
| MICROSOFT CORPORATION | 13,149 | 15,963 |
| MITSUBISHI ESTATE CO ADR | 1,970 | 1,907 |
| MTS SYSTEMS CORPORATION | 1,290 | 1,254 |
| NEWELL RUBBERMAID INC. | 1,764 | 1,933 |
| NEXTERA ENERGY, INC | 11,054 | 15,434 |
| NIKE INC-CL B | 12,997 | 22,499 |
| NIPPON TELEPHONE ADR | 2,000 | 2,361 |
| NORDSTROM INC | 29,676 | 37,830 |
| NORTHEAST UTIL | 13,318 | 16,631 |
| NOVARTIS AG ADR | 12,796 | 17,982 |
| OCCIDENTAL PETROLEUM CORP | 12,947 | 12,895 |
| OMEGA HEALTHCARE INV | 2,731 | 3,205 |
| ONE GAS INC | 1,813 | 2,049 |
| OPPENHEIMER DEVELOPING MARKETS | 109,999 | 119,808 |
| OPPENHEIMER SENIOR FLOATING RA | 100,004 | 98,451 |
| OPPENHEIMER SNR FLOATING RAT | 100,402 | 98,371 |
| ORACLE CORP | 18,541 | 21,985 |
| OTSUKA HOLDINGS CO. | 1,708 | 2,035 |
| PACKAGING CORP AMER | 1,883 | 2,162 |
| PACWEST BANCORP | 2,574 | 2,645 |
| PARTNERRE LTD. COM | 2,363 | 2,777 |
| PEARSON PLC | 14,859 | 14,606 |
| PENGROWTH ENERGY CORP | 2,939 | 1,874 |
| PNM RESOURCES INC | 2,042 | 2,423 |
| PORSCHE AUTOMOBILE HOLDING SE | 2,219 | 1,771 |
| PRINCIPAL FDS, INC. PREFERRED | 91,999 | 93,882 |
| QUALCOMM INC | 33,082 | 37,449 |
| REPSOL YPF S A SPND ADR | 2,053 | 1,905 |
| ROCHE HOLDING LTD ADR | 17,211 | 17,338 |
| ROCKWOOD HOLDINGS INC | 2,179 | 2,384 |
| ROYAL KPN N.V. | 2,009 | 1,793 |
| RPM INTERNATIONAL INC. | 1,606 | 1,812 |
| SCHLUMBERGER LTD | 1,664 | 1,875 |
| SECOM CO LTD ADR OTC | 2,027 | 2,242 |
| SEVEN & I HOLDINGS C | 2,844 | 2,834 |
| SINCLARI BROADCAST GROUP INC | 2,906 | 2,847 |
| SNAP ON INC. | 1,996 | 2,643 |
| SOCIETE GENERLE FRNCE ADR | 2,052 | 1,923 |
| SONY CORP ADR | 2,787 | 3,171 |
| STANLEY BLACK & DECKER INC | 14,606 | 15,451 |
| STERIS CORP | 1,432 | 1,916 |
| SUMITOMO MITSUI FINCL GRP | 3,372 | 3,139 |
| SUNCOR ENERGY INC | 1,795 | 1,919 |
| SUNTORY BEVERAGE & FOOD LTD AD | 1,776 | 1,862 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 1,717 | 2,202 |
| TAL INTERNATIONAL GROUP INC | 1,446 | 1,466 |
| TELEFLEX INC. | 2,432 | 2,967 |
| TEMPLETON GLOBAL BD | 78,999 | 81,389 |
| TJX COMPANIES INC | 21,319 | 22,985 |
| TORAY INDUSTRIES INC | 1,985 | 2,041 |
| TORONTO DOMINION | 14,707 | 14,138 |
| TRAVELERS COMPANIES INC | 13,277 | 16,330 |
| TRIANGLE CAPITAL CORPORATION | 1,342 | 1,293 |
| TUPPERWARE CORP | 3,101 | 2,486 |
| UMPQUA HOLDINGS CORPORATION | 2,413 | 2,376 |
| UNIBAIL RODAMCO SE | 2,839 | 2,929 |
| UNION PACIFIC | 13,480 | 17,118 |
| UNITED PARCEL SERVICE | 12,667 | 16,051 |
| UNITED TECHNOLOGIES CORP | 12,915 | 14,873 |
| V F CORP | 9,969 | 15,905 |
| VALIDUS HLDS LTD | 2,136 | 2,307 |
| VECTREN CORP | 1,581 | 1,978 |
| VODAFONE GROUP PLC | 4,292 | 3,123 |
| WALT DISNEY HOLDINGS CO. | 13,308 | 22,388 |
| WASHINGTON TRUST BANCORP INC | 1,645 | 1,842 |
| WILLIAM HILL PLC ADR | 1,981 | 1,813 |
| WPP GROUP PLC | 2,144 | 1,952 |
| YUM BRANDS INC | 14,955 | 15,084 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| A&Q MULTI-STRATEGY FUND | 209,816 | 227,042 | |
| ACCESS MIDSTREAM PARTNERS LP | 2,372 | 2,803 | |
| AMERIGAS PARTNERS LP | 810 | 1,292 | |
| ASPEN STILLWATER PROPERTIES, L | 1,022,005 | 1,022,005 | |
| ENBRIDGE ENERGY PARTNERS LP | 1,716 | 3,787 | |
| ENERGY TRANSFER EQUITY LP | 5,646 | 18,208 | |
| ENERGY TRANSFER PARTNERS LP | 3,112 | 6,185 | |
| ENLINK MIDSTREAM PARTNERS LP | 4,260 | 4,110 | |
| ENTERPRISE PRODUCTS PARTNERS L | 15,664 | 29,299 | |
| EQT MIDSTREAM PARTNERS LP | 1,123 | 2,303 | |
| EV ENERGY PARTNERS, LP | 1,714 | 1,136 | |
| GENESIS ENERGY, L.P. | 3,212 | 5,182 | |
| KINDER MORGAN ENERGY PARTNERS | 6,025 | 10,318 | |
| LINN ENERGY, LLC | 4,388 | 4,090 | |
| MAGELLAN MIDSTREAM PARTNERS LP | 5,063 | 10,643 | |
| MARKWEST ENERGY PARTNERS L.P. | 5,457 | 9,597 | |
| MCGREW-MEYERS HOLDINGS, L.L.C. | 475,321 | 475,321 | |
| ONEOK PARTNERS LP | 5,466 | 6,745 | |
| PLAINS ALL AMERICAN PIPELINE L | 7,376 | 11,101 | |
| REGENCY ENERGY PARTNERS LP | 1,512 | 4,620 | |
| TARGA RESOURCES PARTNERS LP | 3,094 | 4,459 | |
| WILLIAMS PARTNERS L.P. | 4,430 | 5,980 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 12,460 | 12,460 | ||
| Administrative Set-Up Fee | 3,500 | 3,500 | ||
| Bank Charges | 455 | 455 | ||
| K-1 Exp ASPEN STILLWATER PROPE | 1,106 | 924 | ||
| K-1 Exp EL PASO PIPELINE PARTN | 1 | |||
| K-1 Exp ENBRIDGE ENERGY PARTNE | 13 | 1 | ||
| K-1 Exp ENERGY TRANSFER EQUITY | 88 | 79 | ||
| K-1 Exp ENERGY TRANSFER PARTNE | 13 | 12 | ||
| K-1 Exp ENTERPRISE PRODUCTS PA | 1 | |||
| K-1 Exp EV ENERGY PARTNERS, LP | 173 | |||
| K-1 Exp GENESIS ENERGY, L.P. | 7 | 6 | ||
| K-1 Exp KINDER MORGAN ENERGY P | 85 | 8 | ||
| K-1 Exp LINN ENERGY, LLC | 1,071 | |||
| K-1 Exp MAGELLAN MIDSTREAM PAR | 1 | |||
| K-1 Exp MARKWEST ENERGY PARTNE | 1 | |||
| K-1 Exp MCGREW-MEYERS HOLDINGS | 279 | 279 | ||
| K-1 Exp PLAINS ALL AMERICAN PI | 42 | 41 | ||
| K-1 Exp REGENCY ENERGY PARTNER | 2 | |||
| K-1 Exp WILLIAMS PARTNERS L.P. | 1 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 Inc/Loss AMERIGAS PARTNERS LP | -136 | 7 | |
| K-1 Inc/Loss ASPEN STILLWATER PROPERTIES, LLC | -421 | -421 | |
| K-1 Inc/Loss EL PASO PIPELINE PARTNERS LP | -172 | 5 | |
| K-1 Inc/Loss ENBRIDGE ENERGY PARTNERS LP | -803 | -20 | |
| K-1 Inc/Loss ENERGY TRANSFER EQUITY LP | -447 | 112 | |
| K-1 Inc/Loss ENERGY TRANSFER PARTNERS LP | -239 | 78 | |
| K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP | -2,258 | 7 | |
| K-1 Inc/Loss EQT MIDSTREAM PARTNERS LP | -16 | -1 | |
| K-1 Inc/Loss EV ENERGY PARTNERS, LP | -48 | 4 | |
| K-1 Inc/Loss GENESIS ENERGY, L.P. | -328 | 30 | |
| K-1 Inc/Loss KINDER MORGAN ENERGY PARTNERS LP | -1,314 | -10 | |
| K-1 Inc/Loss LINN ENERGY, LLC | 282 | -73 | |
| K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP | -121 | ||
| K-1 Inc/Loss MARKWEST ENERGY PARTNERS L.P. | -1,078 | 88 | |
| K-1 Inc/Loss MCGREW-MEYERS HOLDINGS, L.L.C. | 98 | 98 | |
| K-1 Inc/Loss ONEOK PARTNERS LP | -925 | -2 | |
| K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP | -232 | -15 | |
| K-1 Inc/Loss REGENCY ENERGY PARTNERS LP | -936 | -16 | |
| K-1 Inc/Loss TARGA RESOURCES PARTNERS LP | -208 | -5 | |
| K-1 Inc/Loss WILLIAMS PARTNERS L.P. | -687 | -12 | |
| 751 Gain on Sale EL PASO PIPELINE PARTNERS LP | 183 | ||
| 751 Gain on Sale Amerigas Partners LP | 51 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 18,924 | 18,924 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2014 | 5,500 | |||
| 990-PF Extension for 2013 | 6,000 | |||
| Foreign Tax Paid | 566 | 566 |