| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LEHMAN BROS HLDG 4.25% ESCROW PENDING | 35,839 | 7,250 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MERRILL LYNCH 6.45% PFD 12/15/86 | 11,775 | 12,660 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMERICAN CENTURY INFLATION ADJUSTED BOND FUND | AT COST | 74,096 | 73,208 |
| ARTISAN INTL FUND | AT COST | 80,612 | 80,913 |
| BAIRD CORE PLUS BD INST | AT COST | 225,211 | 224,743 |
| DOUBLELINE TOTAL RETURN BD FD | AT COST | 125,497 | 125,043 |
| FIDELITY STRATEGIC INCOME FUND | AT COST | 160,248 | 154,729 |
| GUGGENHEIM ETF S&P 500 EQUAL WT INDEX FUND | AT COST | 47,251 | 87,895 |
| ISHARES S&P 500 GROWTH INDEX FUND | AT COST | 37,178 | 66,067 |
| ISHARES TR MSCI EAFE ETF | AT COST | 74,111 | 73,373 |
| ISHARES TR MSCI EAFE SMALL-CAP ETF | AT COST | 14,092 | 15,087 |
| JANUS RESEARCH FUND | AT COST | 93,827 | 128,585 |
| METROPOLITAN WEST TOTAL RETURN BOND | AT COST | 166,227 | 167,668 |
| OPPENHEIMER DEVELOPING MARKETS FUND | AT COST | 22,123 | 22,398 |
| OPPENHEIMER SENIOR FLOATING RATE | AT COST | 86,356 | 83,497 |
| POWERSHARES FTSE RAFI US 1500 SMALL-MID PORT | AT COST | 10,413 | 17,428 |
| RIDGEWORTH TOTAL RETURN BOND | AT COST | 100,084 | 100,272 |
| SCHWAB DIVIDEND EQUITY FUND | AT COST | 87,194 | 109,441 |
| SECTOR SPDR ENERGY SELECT | AT COST | 15,128 | 15,595 |
| SECTOR SPDR TECH FUND | AT COST | 20,023 | 34,073 |
| SPDR S&P 500 ETF TR | AT COST | 14,738 | 26,720 |
| SPDR S&P 500 REGIONAL BKING | AT COST | 19,980 | 25,763 |
| VANGUARD S/T INVESTMENT GRADE FUND | AT COST | 97,871 | 97,304 |
| VANGUARD SMALL CAP GROWTH | AT COST | 8,067 | 15,113 |
| VANGUARD SMALL CAP VALUE | AT COST | 7,222 | 18,298 |
| VANGUARD STRATEGIC EQUITY FUND | AT COST | 30,000 | 30,814 |
| WISDOMTREE INTL SMALLCAP DIVIDEND | AT COST | 10,574 | 16,267 |
| WISDOMTREE LARGECAP DIVIDEND | AT COST | 38,675 | 79,203 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME REPORTED ON TAX RETURN NOT YET RECEIVED | 127 | 147 | 147 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE REGISTRATION FEES | 25 | 0 | 25 | |
| POSTAGE AND OFFICE SUPPLIES | 5 | 0 | 5 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 7,079 | 7,079 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 179 | 179 | 0 | |
| FEDERAL EXCISE TAX - PRIOR TAX YEAR | 2,500 | 0 | 0 |