| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX, AUDIT & ACCOUNTING FEES | 16,174 | 8,087 | 8,087 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMG#7243 - BUFFALO MID CAP FUND #1446 | 35,208 | 36,470 |
| AMG#7243 - FPA NEW INCOME INC FUND | 39,273 | 38,571 |
| AMG#7243 - CHAMPLAIN SMALL CO FD-ADV | 16,919 | 18,576 |
| AMG#7243 - HARBOR MID CAP VALUE-INV | 30,395 | 41,668 |
| AMG#7243 - OAKMARK INTERNATIONAL FUND #109 | 84,152 | 108,565 |
| AMG#7243 - PIMCO UNCONSTRAINED BOND CL D | 38,478 | 38,372 |
| AMG#7243 - ISHARES MSCI EMERGING MARKETS | 93,109 | 106,334 |
| AMG#7243 - MORGAN STANLEY INS INTL EQ-A | 92,911 | 109,214 |
| AMG#7243 - T RWOE PRICE MIDCAP VALUE #115 | 23,038 | 27,790 |
| AMG#7243 - ROYCE PREMIER FUND #265 | 17,778 | 20,298 |
| AMG#7243 - SCOUT UNCONSTRAINED BOND-Y | 8,500 | 8,459 |
| AMG#7243 - THORNBURG THORNBURG INT'L VALUE CL A | 94,066 | 100,670 |
| AMG#7243 - TWEEDY BROWNE GLOBAL VALUE FUND #1 | 104,216 | 108,764 |
| AMG#7243 - AMG NATIONAL TRUST BANK SWEEP | 45,702 | 45,702 |
| AMG#7252 - AMGEN INC | 11,847 | 23,355 |
| AMG#7252 - BAKER HUGHES INC | 15,804 | 25,653 |
| AMG#7252 - BANK OF NEW YORK MELLON CORP | 14,005 | 18,459 |
| AMG#7252 - BECTON DICKINSON & CO | 14,004 | 21,815 |
| AMG#7252 - CISCO SYSTEMS INC | 25,628 | 28,333 |
| AMG#7252 - CITIGROUP INC | 13,650 | 23,715 |
| AMG#7252 - COCA-COLA CO | 6,310 | 11,829 |
| AMG#7252 - COCA-COLA FEMSA SAB-SP ADR | 15,807 | 18,585 |
| AMG#7252 - COSTCO WHOLESALE CORP | 5,162 | 13,650 |
| AMG#7252 - DEVON ENERGY CORP | 21,828 | 26,180 |
| AMG#7252 - EMERSON ELECTRIC CO | 11,831 | 21,477 |
| AMG#7252 - FREEPORT-MCMORAN COPPER & GOLD | 25,999 | 28,355 |
| AMG#7252 - GAP INC | 11,669 | 24,720 |
| AMG#7252 - GENERAL ELEC CO COM | 15,410 | 17,344 |
| AMG#7252 - GILEAD SCIENCES INC COM | 6,399 | 25,902 |
| AMG#7252 - GOLDMAN SACHS GROUP INC. | 13,193 | 21,416 |
| AMG#7252 - HALLIBURTON COMPANY | 17,615 | 30,715 |
| AMG#7252 - HEWLETT-PACKARD CO | 10,921 | 16,464 |
| AMG#7252 - INTEL CORP | 20,007 | 26,717 |
| AMG#7252 - IBM CORP | 7,664 | 8,252 |
| AMG#7252 - JPMORGAN CHASE & CO & CO | 18,050 | 25,639 |
| AMG#7252 - JOHNSON & JOHNSON | 11,734 | 20,866 |
| AMG#7252 - KEY CORP | 18,654 | 29,435 |
| AMG#7252 - KIMBERLY-CLARK CORP | 5,916 | 10,888 |
| AMG#7252 - MARKEL CORP COM | 12,069 | 25,037 |
| AMG#7252 - MICROSOFT CORPORATION | 18,894 | 29,936 |
| AMG#7252 - ORACLE CORPORATION | 9,203 | 21,012 |
| AMG#7252 - PFIZER COMMON STOCK | 9,855 | 16,954 |
| AMG#7252 - PHILIP MORRIS INTERNATIONAL | 3,856 | 9,056 |
| AMG#7252 - QUALCOMM INC | 10,610 | 13,617 |
| AMG#7252 - RAYTHEON CO | 11,280 | 23,393 |
| AMG#7252 - SCHLUMBERGER LTD | 16,312 | 23,763 |
| AMG#7252 - SOUTHWESTERN ENERGY CO | 19,657 | 28,920 |
| AMG#7252 - 3M CO | 13,879 | 26,427 |
| AMG#7252 - TRAVELERS COS INC | 6,839 | 16,123 |
| AMG#7252 - VOYA FINANCIAL INC | 17,956 | 18,049 |
| AMG#7252 - XEROX CORPORATION | 328 | 447 |
| AMG#7252 - AXIS CAPITAL HOLDINGS LTD | 8,424 | 13,405 |
| AMG#7252 - AMG NATIONAL TRUST BANK SWEEP | 44,683 | 44,683 |
| AMG#7261 - ALLEGHANY CORP | 5,543 | 8,567 |
| AMG#7261 - ALLIANT TECHSYSTEMS INC | 2,098 | 4,326 |
| AMG#7261 - BOSTON PRIVATE FINANCIAL HLD | 1,333 | 3,227 |
| AMG#7261 - CABOT MICROELECTRONICS CORP | 5,749 | 7,546 |
| AMG#7261 - CACI INTERNATIONAL INC CLAS A | 2,932 | 3,761 |
| AMG#7261 - CARBO CERAMICS INC | 5,096 | 9,654 |
| AMG#7261 - CASEY'S GENERAL STORES INC COM STCK | 2,586 | 7,141 |
| AMG#7261 - CATO CORP-CL A | 4,186 | 6,610 |
| AMG#7261 - CHEMED CORP | 4,559 | 8,660 |
| AMG#7261 - COVANCE INC COM | 3,700 | 7,062 |
| AMG#7261 - DAWSON GEOPHYSICAL CO | 6,372 | 5,935 |
| AMG#7261 - DEVRY INC | 4,390 | 6,169 |
| AMG#7261 - EMCOR GROUP INC COMMON STOCK | 2,970 | 7,404 |
| AMG#7261 - FAIR ISAAC CORPORATION COM | 3,659 | 9,209 |
| AMG#7261 - FEDERATED INVESTORS INC CL B | 7,341 | 9,989 |
| AMG#7261 - FOOT LOCKER INC. | 2,412 | 8,980 |
| AMG#7261 - GREIF INC. CL A | 6,776 | 6,449 |
| AMG#7261 - HAEMONETICS CORP/MASS | 6,916 | 5,283 |
| AMG#7261 - HARSCO CORP | 6,653 | 6,868 |
| AMG#7261 - HENRY JACK & ASSOCIATES INC | 2,416 | 7,391 |
| AMG#7261 - ICU MEDICAL INC | 2,537 | 4,964 |
| AMG#7261 - INTEGRA LIFESCIENCES HOLDING | 2,480 | 2,416 |
| AMG#7261 - JACK IN THE BOX INC | 1,611 | 4,337 |
| AMG#7261 - LBS INDUSTRIES INC | 6,053 | 7,180 |
| AMG#7261 - MANTECH INTERNATIONAL CORP-A | 7,287 | 5,877 |
| AMG#7261 - MEADOWBROOK INSURANCE GROUP | 8,874 | 5,981 |
| AMG#7261 - OLIN CORP COM PAR $1 | 722 | 815 |
| AMG#7261 - OPPENHEIMER HOLDINGS-CL A | 7,440 | 8,605 |
| AMG#7261 - PBF ENERGY INC | 7,298 | 8,711 |
| AMG#7261 - PERICOM SEMICONDUCTOR CORP | 7,503 | 7,820 |
| AMG#7261 - PERKINELMER INC | 4,042 | 7,261 |
| AMG#7261 - POWELL INDUSTRIES INC | 2,556 | 5,002 |
| AMG#7261 - REGAL BELOIT CORPORATION | 3,391 | 3,438 |
| AMG#7261 - SCANSOURCE INC | 5,725 | 8,220 |
| AMG#7261 - SEALED AIR CORP | 4,934 | 6,382 |
| AMG#7261 - SM ENERGY CO | 5,110 | 7,932 |
| AMG#7261 - STERIS CORPORATION | 4,631 | 6,967 |
| AMG#7261 - STIFEL CORPORATION | 6,091 | 8,793 |
| AMG#7261 - SUPERIOR ENERGY SERVICES INC | 6,155 | 9,415 |
| AMG#7261 - SUSQUEHANNA BANCSHARES INC. | 4,652 | 5,853 |
| AMG#7261 - SYNAPTICS INC | 4,924 | 11,125 |
| AMG#7261 - UMPQUA HOLDINGS CORP | 6,375 | 9,013 |
| AMG#7261 - URS CORPORATION | 6,972 | 8,340 |
| AMG#7261 - UNION BANKSHARES CORP | 6,906 | 14,510 |
| AMG#7261 - WENDY'S CO/THE | 5,213 | 9,640 |
| AMG#7261 - WEST PHARMACEUTICAL SERVICES | 1,828 | 4,772 |
| AMG#7261 - AMG NATIONAL TRUST BANK SWEEP | 33,515 | 33,515 |
| AMG#8650 - ISHARES MSCI MSCI BELGIM | 36,984 | 40,598 |
| AMG#8650 - ISHARES MSCI BRAZIL | 14,599 | 13,642 |
| AMG#8650 - ISHARES MSCI CANADA | 53,993 | 56,835 |
| AMG#8650 - ISHARES MSCI FRANCE INDEX FD | 38,738 | 42,416 |
| AMG#8650 - ISHARES MSCI SWITZERLAND IND | 52,424 | 56,959 |
| AMG#8650 - ISHARES MSCI ITALY CAPPED INDEX FD | 47,007 | 54,806 |
| AMG#8650 - ISHARES MSCI PHILLIPPINES ETF | 9,567 | 11,285 |
| AMG#8650 - ISHARES MSCI IRELAND CAPPED INVT | 35,752 | 40,288 |
| AMG#8650 - ISHARES MSCI POLAND INVESTB | 44,549 | 43,630 |
| AMG#8650 - MARKET VECTORS RUSSIA ETF | 61,439 | 47,055 |
| AMG#8650 - AMG NATIONAL TRUST BANK SWEEP | 7,372 | 7,372 |
| AMG#1063 - BARCLAYS PLC ADR | 672 | 958 |
| AMG#2978 - BP PRUHOE BAY ROYALTY TRUST | 81,839 | 79,606 |
| AMG#2978 - CHESAPEAKE GRANITE WASH TRUST | 23,894 | 17,385 |
| AMG#2978 - CROSS TIMBERS ROYALTY TRUST UNITS | 6,378 | 6,685 |
| AMG#2978 - DORCHESTER MINERALS LP | 12,734 | 15,634 |
| AMG#2978 - ECA MARCELLUS TRUST I | 46,248 | 20,684 |
| AMG#2978 - ENDURO ROYALTY TRUST | 13,849 | 10,768 |
| AMG#2978 - HUGOTON ROYALTY TRUST TEXAS UNIT BEN | 41,823 | 25,953 |
| AMG#2978 - MV OIL TRUST | 19,267 | 19,622 |
| AMG#2978 - PACIFIC COAST OIL TRUST | 16,185 | 11,810 |
| AMG#2978 - PERMIAN BASIN ROYALTY TRUST | 46,644 | 37,280 |
| AMG#2978 - SABINE ROYALTY TRUST-SBI | 12,211 | 13,504 |
| AMG#2978 - SAN JUAN BASIN ROYALTY TR-UBI | 33,128 | 33,213 |
| AMG#2978 - SANDRIDGE PERMIAN TRUST | 51,483 | 42,382 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST I | 11,035 | 6,238 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST II | 33,889 | 21,395 |
| AMG#2978 - VOC ENERGY TRUST | 21,807 | 22,461 |
| AMG#2978 - WHITING USA TRUST I | 23,652 | 24,210 |
| AMG#2978 - AMG NATIONAL TRUST BANK SWEEP | 61,029 | 61,029 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| APEX HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 399,681 | 371,605 |
| ASCENT SMALL CAP HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 289,714 | 326,595 |
| ZENITH TECHNOLOGY HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 166,124 | 221,239 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT LABOR | 6,000 | 600 | 5,400 | |
| LICENSES | 365 | 183 | 182 | |
| FOUNDATION EXPENSE | 80 | 40 | 40 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET INCOME(LOSS)FROM APEX HEDGE FUND LLP | 21,107 | 21,107 | 21,107 |
| NET INCOME(LOSS)FROM ASCENT PARTNERSHIP | 5,899 | 5,899 | 5,899 |
| NET INCOME(LOSS)FROM ZENITH TECHNOLOGY HEDGE FUND PARTNERSHIP | -9,399 | -9,399 | -9,399 |
| NET INCOME(LOSS)FROM ZENITH CNE | 630 | 630 | 630 |
| 2012 990-PF REFUND | 7,357 | 7,357 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 47,296 | 47,296 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 1,335 | 1,335 | 0 |