| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LOT - 43 KARA LANE | 14,000 | L |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACTAVIS PLC | 12,358 | 14,415 |
| AETNA INC. | 19,422 | 21,497 |
| AFFILIATED MANAGERS GROUP | 6,045 | 8,277 |
| ALLERGAN INC. | 9,273 | 16,582 |
| ALLIANCEBERN DISCOVERY GROWTH | 33,078 | 38,458 |
| ALLIANCEBERN DISCOVERY VALUE F | 35,190 | 38,814 |
| ALLIANCEBERNSTEIN REIT INSTL F | 405,409 | 398,806 |
| ALTRIA GROUP INC | 8,756 | 10,100 |
| AMDOCS LIMITED | 8,901 | 9,799 |
| AMER INTERNATIONAL GROUP INC | 17,110 | 21,116 |
| AMERICAN ELECTRIC POWER INC. | 8,962 | 9,958 |
| AMERICAN EXPRESS CO | 18,455 | 20,562 |
| AMERICAN TOWER REIT INC | 13,135 | 15,618 |
| AMPHENOL CORPORATION | 9,273 | 11,569 |
| ANSYS INC. | 15,274 | 16,400 |
| ANTHEM INC | 23,801 | 25,511 |
| AON PLC | 14,795 | 17,544 |
| APPLE INC. | 28,148 | 39,075 |
| ASSURANT INC | 5,212 | 5,338 |
| AUTOZONE INC | 9,723 | 11,144 |
| BALL CP | 15,329 | 17,383 |
| BANK OF AMERICA CORP | 15,248 | 22,631 |
| BERNSTEIN EMERGING MARKETS | 130,367 | 106,432 |
| BERNSTEIN INTERMEDIATE DURATIO | 1,356,099 | 1,375,952 |
| BERNSTEIN INTERNATIONAL PORTFO | 679,334 | 563,606 |
| BIOGEN IDEC INC | 10,804 | 17,651 |
| BOEING CO | 5,923 | 7,149 |
| BOOZ ALLEN HAMILTON HOLDING CO | 4,671 | 5,173 |
| BROCADE COMMUNICATIONS SYST IN | 6,996 | 8,347 |
| CAPITAL ONE FINANCIAL CORP | 13,503 | 17,005 |
| CHUBB CORP | 9,129 | 10,347 |
| COMCAST CORP CL A | 11,451 | 19,259 |
| COSTCO WHOLESALE CORPORATION | 15,593 | 18,002 |
| CVS CAREMARK CORP. | 18,894 | 24,366 |
| DANAHER CORP | 11,520 | 17,828 |
| DELTA AIR LINES INC | 9,620 | 12,543 |
| DOLLAR GENERAL CORP | 11,495 | 13,292 |
| DOW CHEMICAL PV | 11,876 | 11,266 |
| DR PEPPER SNAPPLE GROUP, INC | 14,016 | 16,056 |
| DTE ENERGY CO COM | 12,181 | 14,251 |
| DYNAMIC ASSET ALLOC. A CLASS | 1,065,631 | 1,209,702 |
| DYNAMIC ASSET ALLOC. B CLASS | 508,306 | 488,915 |
| EBAY INC. | 12,062 | 12,795 |
| ELECTRONIC ARTS | 13,290 | 20,689 |
| EMC CORP-MASS | 10,464 | 10,677 |
| EOG RESOURCES INC | 4,876 | 4,143 |
| ESTEE LAUDER COMPANIES INC | 12,000 | 12,192 |
| EVEREST RE GROUP LTD | 3,862 | 4,939 |
| F5 NETWORKS, INC. | 4,123 | 4,566 |
| FACEBOOK INC | 8,213 | 9,987 |
| FIDELITY NATIONAL INFORMATION | 12,891 | 17,665 |
| FISERV INC | 9,838 | 10,646 |
| FORD MOTOR COMPANY | 17,459 | 21,266 |
| GAMESTOP CORP | 9,855 | 9,295 |
| GILEAD SCIENCES INC | 18,568 | 24,602 |
| GOLDMAN SACHS GROUP | 10,275 | 11,436 |
| GOOGLE INC CL A | 5,361 | 9,552 |
| GOOGLE INC CL C | 14,539 | 19,477 |
| HESS CORP | 23,442 | 21,925 |
| HEWLETT PACKARD CO | 19,028 | 28,653 |
| HOME DEPOT INC. | 15,265 | 24,668 |
| INTERCONTINETAL EXCHANGE INC | 6,072 | 8,772 |
| INTUITIVE SURGICAL, INC. | 10,927 | 13,224 |
| ITT CORP. | 11,757 | 10,641 |
| JOHNSON & JOHNSON | 16,090 | 24,365 |
| JP MORGAN CHASE & CO | 11,760 | 13,768 |
| KROGER CO | 6,440 | 15,603 |
| L-3 COMMUNICATIONS CORP | 10,093 | 10,475 |
| LOCKHEED MARTIN CORP | 15,613 | 17,524 |
| LYONDELLBASELL INDUSTRIES NV | 6,471 | 9,447 |
| MCKESSON CORP | 3,612 | 3,529 |
| MEAD JOHNSON NUTRITI | 12,958 | 15,584 |
| MEDTRONIC INC | 3,339 | 3,249 |
| MERCK & CO INC. | 5,967 | 7,099 |
| MICROSOFT CORPORATION | 25,680 | 29,728 |
| MONSANTO CO | 11,716 | 13,261 |
| MONSTER BEVERAGE CORP | 13,070 | 17,336 |
| MURPHY OIL CP HLDG | 5,428 | 4,446 |
| NETSUITE INC. | 4,193 | 5,131 |
| NIKE INC-CL B | 16,732 | 19,230 |
| NXP SEMICONDUCTORS | 5,978 | 7,029 |
| OCCIDENTAL PETROLEUM CORP | 23,335 | 21,684 |
| OFFICE DEPOT INC | 5,037 | 8,124 |
| ORACLE CORP | 5,541 | 6,071 |
| PARTNERRE LTD. COM | 12,942 | 14,038 |
| PEPSICO INC | 8,037 | 8,700 |
| PFIZER INC. | 20,521 | 24,235 |
| PHILIP MORRIS INTL | 11,540 | 10,751 |
| POLARIS INDUSTRIES | 10,451 | 11,343 |
| PRECISION CASTPARTS | 3,540 | 5,058 |
| PRICELINE.COM INCORPORATED | 12,010 | 14,823 |
| PROLINK HOLDINGS CORP | 293 | |
| QUINTILES TRANSNATIONAL HOLDIN | 9,040 | 9,949 |
| RAYTHEON CO. | 15,762 | 18,713 |
| SCHLUMBERGER LTD | 12,436 | 12,555 |
| SERVICE NOW | 3,397 | 4,682 |
| SHERWIN-WILLIAMS CO. | 14,806 | 21,043 |
| SLM CORP | 7,090 | 7,897 |
| STARBUCKS CORP COM | 19,476 | 23,712 |
| TIME WARNER INC. | 11,844 | 16,059 |
| UNION PACIFIC | 8,551 | 14,057 |
| UNITEDHEALTH GROUP INC. | 4,755 | 5,156 |
| US BANCORP | 12,027 | 12,991 |
| VALERO ENERGY CORP | 18,290 | 18,513 |
| VERIZON COMMUNICATIONS | 12,433 | 12,303 |
| VISA INC | 17,475 | 25,171 |
| WALT DISNEY HOLDINGS CO. | 17,387 | 24,018 |
| WELLS FARGO & CO. | 22,886 | 33,769 |
| XEROX CP | 10,163 | 12,640 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LOT - 43 KARA LANE | 14,000 | 14,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 24,758 | 24,758 | ||
| Postage/Delivery Service | 58 | 58 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 16,095 | 16,095 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2014 | 2,600 | |||
| 990-PF Excise Tax for 2013 | 3,451 |