| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,268 | 2,451 | 817 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GOLDMAN SACHS CAPITAL II | 48,600 | 45,675 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY EQUITY INVESTMENTS | 0 | 0 |
| INVESTMENTS HELD AT M&T BANK: | 0 | 0 |
| 1000 SHS PENTAIR PLC | 65,814 | 68,748 |
| 2000 SHS ABBOTT LABORATORIES | 56,554 | 98,160 |
| 750 SHS AMERICAN EXPRESS CO | 7,626 | 58,290 |
| 3300 SHS AMERICAN INTERNATIONAL WARRANT | 72,925 | 91,443 |
| 750 SHS ANADORKO PETROLEUM CORP | 56,637 | 58,545 |
| 1000 SHS BOK FINANCIAL CORP | 69,611 | 69,580 |
| 4386 SHS BROADSTONE NET LEASE INC. | 250,002 | 320,174 |
| 1000 SHS CAPITAL ONE FINANCIAL | 52,845 | 87,970 |
| 1500 SHS COLGATE PALMOLIVE CO | 12,628 | 98,114 |
| 1000 SHS EMERSON ELECTRIC CO | 44,397 | 55,429 |
| 4000 SHS GENERAL ELECTRIC CO | 32,152 | 106,280 |
| 5000 SHS GLADSTONE CAPITAL CORP. | 85,688 | 39,500 |
| 100 SHS GOOGLE | 52,231 | 52,051 |
| 1000 SHS HALLIBURTON HLDG | 50,618 | 43,070 |
| 300 SHS INTERNATIONAL BUSINESS MACHINE | 6,870 | 48,798 |
| 5000 SHS JP MORGAN AND CO | 61,139 | 123,750 |
| 750 SHS JOHNSON & JOHNSON | 47,721 | 73,095 |
| 2000 SHS KINDER MORGAN INCORP. | 73,931 | 76,780 |
| 400 SHS LOCKHEED MARTIN CORP | 27,447 | 74,360 |
| 750 SHS MASQUARIE INFRASTRUCTURE CORP | 62,166 | 61,973 |
| 1500 SHS MERCK & COMPANY | 47,053 | 85,395 |
| 700 SHS MONSANTO CO. | 57,358 | 74,613 |
| 3000 SHS NEW SENIOR INVESTMENT GROUP | 49,694 | 40,110 |
| 1000 SHS PEPSICO INC CO | 54,152 | 93,340 |
| 750 SHS PRAXAIR INC. | 56,487 | 89,663 |
| 250 SHS PRECISION CASTPARTS CORP | 50,342 | 49,968 |
| 1000 SHS PROCTER & GAMBLE CO | 28,804 | 78,240 |
| 1000 SHS ROYAL DUTCH SHELL PLC | 67,093 | 57,010 |
| 2000 SHS STONECASTLE FINANCIAL | 48,293 | 34,600 |
| 2500 SHS UNITED BANKSHARES INC. | 54,125 | 100,575 |
| 650 SHS UNITED TECHNOLOGIES CORP | 51,037 | 72,103 |
| 5000 SHS WELLS FARGO & CO | 56,963 | 112,450 |
| 1000 SHS YUMI BRANDS INC | 49,900 | 90,080 |
| INVESTMENTS HELD AT MORGAN STANLEY: | 0 | 0 |
| 286 SHS ABB LTD | 6,560 | 5,972 |
| 679 SHS AEGON NV ADR | 5,436 | 5,024 |
| 153 SHS AIA GROUP LTD | 1,819 | 4,004 |
| 301 SHS AKZO NOBEL | 5,727 | 7,320 |
| 393 SHS AVIVA PLC | 5,853 | 6,119 |
| 346 SHS AXA ADS | 6,090 | 8,737 |
| 493 SHS BARCLAYS PLC | 7,739 | 8,105 |
| 77 SHS BAYER AG SPON | 5,116 | 10,856 |
| 340 SHS BNP PARIBAS | 6,490 | 10,360 |
| 189 SHS BP PLC | 8,065 | 7,552 |
| 128 SHS CANON INC ADR | 4,205 | 4,148 |
| 336 SHS CHINAL LIFE INSURANCE CO | 4,671 | 7,311 |
| 62 SHS CHINA MOBILE LTD | 2,865 | 3,974 |
| 150 SHS CHINA TELECOM | 7,899 | 8,855 |
| 344 SHS CK HUTCHISON | 0 | 7,977 |
| 738 SHS COMPAGNIE DE ST GOBAIN | 6,983 | 6,679 |
| 871 SHS CREDIT AGRICOLE SA | 3,999 | 6,489 |
| 335 SHS CRH PLC | 6,504 | 9,417 |
| 313 SHS CREDIT SUISSE GROUP | 5,758 | 8,639 |
| 125 SHS DBS GROUP | 3,012 | 7,699 |
| 711 SHS DEUTSCHE BOERSE AG | 5,352 | 5,887 |
| 399 SHS DUETSCHE LUFTHANSA | 6,474 | 5,187 |
| 82 SHS EMBRAER S | 2,386 | 2,484 |
| 198 SHS ENI SPA AMER | 8,473 | 7,045 |
| 311 SHS FLEXTRONICS INTL | 1,923 | 3,517 |
| 144 SHS GEA GROUP | 5,826 | 6,486 |
| 235 SHS GETINGE AB | 7,278 | 5,647 |
| 227 SHS GLAXOSMITHKLINE | 10,805 | 9,454 |
| 500 SHS HEIDELBERG CEMENT | 5,609 | 7,960 |
| 159 SHS HSBC HOLDINGS | 8,211 | 7,125 |
| 580 SHS INFINEON TECHNOLOGIES | 4,137 | 7,262 |
| 520 SHS ING | 4,300 | 8,622 |
| 264 SHS INTESA SANPAOLO | 2,849 | 5,763 |
| 96 SHS KB FINANCIAL | 3,575 | 3,155 |
| 893 SHS KINGFISHER PLC | 6,478 | 9,752 |
| 331 SHS KONICA MINOLTA INC | 6,599 | 7,765 |
| 375 SHS KUNLUN ENERGY | 6,069 | 3,939 |
| 1342 SHS LLOYDS BANKING GROUP | 2,144 | 7,287 |
| 188 SHS LONZA GROUP | 1,933 | 2,508 |
| 439 SHS MARKS & SPENCER GROUP | 6,333 | 7,410 |
| 201 SHS MERCK KGAA | 3,152 | 6,699 |
| 953 SHS METRO AG | 7,159 | 5,975 |
| 333 SHS MICHELIN COMPAGNIE | 4,258 | 6,996 |
| 56 SHS MORPHOSYS AG | 2,379 | 1,983 |
| 549 SHS NISSAN MTR | 10,549 | 11,480 |
| 32 SHS NOVARTIS AG | 1,796 | 3,147 |
| 692 SHS PETROFAC LTD | 4,539 | 4,989 |
| 67 SHS POSCO ADS | 5,018 | 3,289 |
| 522 SHS PRECISION DRILLING COR | 3,405 | 3,508 |
| 254 SHS QIAGEN NV ORD | 6,262 | 6,297 |
| 63 SHS REXAM PLC | 2,194 | 2,746 |
| 280 SHS ROCHE HOLDINGS ADR | 5,117 | 9,820 |
| 114 SHS ROYAL DUTCH SHELLL PLC CL B | 7,133 | 6,538 |
| 181 SHS SANOFI ADR | 7,186 | 8,965 |
| 68 SHS SAP AG | 4,065 | 4,776 |
| 1270 SHS SERCO GROUP PLC UNSPON ADR | 4,534 | 2,502 |
| 76 SHS SHINHAN FINANCIAL GROUP CO LTD | 3,415 | 2,817 |
| 79 SHS SIEMENS AKTIENGESELLSCHAFT | 7,255 | 8,021 |
| 222 SHS SINGAPORE TELECOME LTD ADR NEW | 6,032 | 6,957 |
| 146 SHS SKY PLC | 8,459 | 9,563 |
| 226 SHS SOFTBANK CORP UNSPONS ADR | 6,607 | 6,656 |
| 234 SHS SUNCOR ENERGY INC NEW COM | 7,173 | 6,440 |
| 191 SHS SUNTORY BEVERAGE AND FOOD LTD | 3,321 | 3,812 |
| 256 SHS SWISS RE LTD SPONSORED ADR | 3,914 | 5,691 |
| 126 SHS TAIWAN SMCNDCTR MFC | 1,315 | 2,861 |
| 153 SHS TECHNIP-COFLEXIP | 3,878 | 2,385 |
| 492 SHS TELEFONICA SA ADR | 7,987 | 6,986 |
| 103 SHS TELENOR ASA ADS | 3,573 | 6,757 |
| 529 SHS TESCO PLC SPONSORED ADR | 8,634 | 5,293 |
| 172 SHS TEVA PHARMACEUTICALS ADR | 7,566 | 10,165 |
| 576 SHS TNT EXPRESS NV | 4,636 | 4,861 |
| 142 SHS TOTAL S A SPON ADR | 10,327 | 6,982 |
| 68 SHS TOYOTA MOTOR CP ADR NEW | 6,423 | 9,095 |
| 372 SHS TURKCELL ILETISM HIZM AS NEW | 4,994 | 4,274 |
| 135 SHS VODAFONE GROUP PLC | 4,933 | 4,921 |
| 392 SHS ISHARES MSCI SOUTHKOREA CP ETF | 22,850 | 21,603 |
| 211 SHS ALBANY MOLECULAR RES | 3,527 | 4,266 |
| 211 SHS ALERE INC COM | 7,772 | 11,130 |
| 68 SHS AMAG PHARMACEUTICALS INC | 2,170 | 4,696 |
| 202 SHS AMERICAN EQ INVT LIFE HLDG C | 2,949 | 5,450 |
| 214 SHS AMSURG INC COMMON | 10,503 | 14,969 |
| 168 SHS ASPEN INSURANCE HLDGS LTD | 6,208 | 8,047 |
| 163 SHS BLACK KNIGHT FINL SVC INC CL A | 4,375 | 5,032 |
| 316 SHS BLOOMIN'BRANDS INC COM | 5,917 | 6,747 |
| 212 SHS BROADRIDGE FIN SOLU.LLC | 5,951 | 10,602 |
| 97 SHS BROADSOFT INC COM | 2,544 | 3,353 |
| 100 SHS CACI INTERNATIONAL INC CL A | 7,793 | 8,089 |
| 211 SHS CAPITAL BANK FINL CORP CL A | 4,444 | 6,134 |
| 202 SHS CIVITAS SOLUTIONS INC COM | 3,678 | 4,309 |
| 395 SHS CNO FINL GROUP INC COM | 3,556 | 7,248 |
| 125 SHS COMMVAULT SYSTEMS INC | 6,087 | 5,301 |
| 46 SHS CON-WAY INC | 2,081 | 1,765 |
| 75 SHS DUN & BRADSTREET CP NEW | 7,729 | 9,150 |
| 20 SHS ELLIE MAE INC COM | 597 | 1,396 |
| 148 SHS ENGILITY HLDGS INC NEW COM | 4,117 | 3,724 |
| 41 SHS ESTERLINE TECHNOLOGIES CP | 4,314 | 3,909 |
| 246 SHS FIRST AMERICAN FINL CORP | 8,720 | 9,154 |
| 157 SHS FIRST CASH FINL SVCS INC | 6,986 | 7,158 |
| 568 SHS FIRST MERIT CORPORATION | 9,931 | 11,831 |
| 132 SHS FORUM ENERGY TECHNOLOGIES | 3,655 | 2,677 |
| 212 SHS GNC HOLDINGS INC COM CL A | 8,149 | 9,430 |
| 765 SHS GRAPHIC PACKAGING HOLDING CO | 6,741 | 10,656 |
| 63 SHS GROUP I AUTOMOTIVE INC | 3,929 | 5,722 |
| 79 SHS HAEMONETICS CORP | 2,819 | 3,267 |
| 224 SHS HCC INSURANCE HLDGS INC | 7,136 | 17,212 |
| 257 SHS HERSHA HOSPITALITY TR | 5,525 | 6,589 |
| 277 SHS HILLENBRAND INC | 7,438 | 8,504 |
| 119 SHS HSN INC | 7,262 | 8,353 |
| 160 SHS ICF INTL INC | 4,732 | 5,578 |
| 238 SHS IGATE CORP COM | 8,501 | 11,350 |
| 168 SHS INTEGRA LIFESCIENCES CRP NEW | 6,204 | 11,318 |
| 312 SHS KAPSTONE PAPER AND PACKAGING | 9,175 | 7,213 |
| 325 SHS KAR AUCTION SVCS INC | 6,298 | 12,155 |
| 77 SHS LENNOX INTL INC | 4,286 | 8,292 |
| 152 SHS LIFEPOINT HEALTH INC | 9,123 | 13,216 |
| 87 SHS LITTELFUSE INC | 5,804 | 8,255 |
| 60 SHS LPL FINL HLDGS INC COM | 1,815 | 2,789 |
| 187 SHS MENS WEARHOUSE INC | 7,000 | 11,891 |
| 277 SHS PRA HEALTH SCIENCES INC | 6,173 | 10,063 |
| 136 SHS PROSPERITY BANCSHARES | 6,434 | 7,853 |
| 119 SHS RELIANCE STEEL & ALUM CO | 7,387 | 7,197 |
| 77 SHS RENAISSANCE RE HOLDINGS LTD | 7,840 | 7,816 |
| 293 SHS REXNORD CORP NEW | 7,905 | 7,006 |
| 168 SHS RINGCENTRAL INC CL A | 2,784 | 3,106 |
| 132 SHS RYLAND GROUP INC | 4,945 | 6,121 |
| 268 SHS SERVICEMASTER GLOBAL HLDGS INC | 6,007 | 9,694 |
| 190 SHS SILGAN HLDGS INC | 7,823 | 10,024 |
| 155 SHS SS&C TECHNOLOGIES HLDGS INC | 4,239 | 9,688 |
| 73 SHS STANDEX INTERNATIONAL CORP | 4,876 | 5,835 |
| 144 SHS STEVE MADDEN LTD | 4,782 | 6,160 |
| 359 SHS TCP CAPITAL CORP | 5,801 | 5,489 |
| 71 SHS TELEFLEX INC | 5,510 | 9,617 |
| 143 SHS TENNECO AUTOMOTIVE INC | 7,791 | 8,214 |
| 224 SHS THERMON GROUP HOLDINGS INC COM | 4,792 | 5,392 |
| 219 SHS TRANSUNION | 5,463 | 5,497 |
| 332 SHS UNION BANKSHARES CORP NEW | 7,838 | 7,716 |
| 213 SHS VERINT SYSTEMS INC | 7,264 | 12,939 |
| 458 SHS VWR CORP COM | 10,658 | 12,242 |
| 60 SHS WATTS WTR TECH INC A | 3,258 | 3,111 |
| 374 SHS WEBSTER FINCL CORP | 9,198 | 14,792 |
| 209 SHS WOLVERINE WORLD WIDE | 4,933 | 5,952 |
| 526 SHS ABBVIE INC COM | 17,842 | 35,342 |
| 244 SHS ACCENTURE PLC IRELAND CL A | 13,132 | 23,614 |
| 277 SHS ACE LTD | 26,282 | 28,165 |
| 374 SHS APPLE INC | 29,943 | 46,909 |
| 939 SHS AT&T INC | 27,207 | 33,353 |
| 59 SHS BLACKROCK INC | 10,149 | 20,413 |
| 201 SHS BOEING CO | 27,459 | 27,883 |
| 323 SHS CHEVRON CORP | 29,598 | 31,160 |
| 448 SHS COLGATE PALMOLIVE CO | 30,177 | 29,304 |
| 321 SHS CULLEN FROST BANKERS INC | 17,134 | 25,224 |
| 347 SHS CVS HEALTH CORP COM | 17,238 | 36,393 |
| 406 SHS DISCOVER FINCL SVCS | 23,772 | 23,394 |
| 761 SHS EMC CORP MASS | 18,402 | 20,083 |
| 505 SHS FIDELITY NATL INFORMATION SE | 18,690 | 31,209 |
| 723 SHS GENERAL MTRS CO | 23,179 | 24,097 |
| 307 SHS HONEYWELL INTERNATIONAL INC | 25,064 | 31,305 |
| 505 SHS ITC HOLDINGS | 12,384 | 16,251 |
| 527 SHS JPMORGAN CHASE & CO | 18,300 | 35,710 |
| 773 SHS KINDER MORGAN INCORP | 27,527 | 29,675 |
| 415 SHS LOWES COMPANIES INC | 13,265 | 27,793 |
| 464 SHS MACYS INC | 24,687 | 31,306 |
| 407 SHS MARSH & MCLENNAN COS INC | 21,308 | 23,077 |
| 262 SHS MC CORMICK AND CO NON VOTING | 11,062 | 21,209 |
| 338 SHS MEDTRONIC PLC SHS | 26,089 | 25,046 |
| 628 SHS MICROSOFT CORP | 17,977 | 27,726 |
| 208 SHS MONSANTO CO/NEW | 23,537 | 22,171 |
| 283 SHS NEXTERA ENERGY INC COM | 17,228 | 27,742 |
| 518 SHS NIELSEN HOLDINGS NV | 22,853 | 23,191 |
| 420 SHS NOVO NORDISK A/S ADR | 7,454 | 23,000 |
| 322 SHS PACKAGING CORP AMER | 16,946 | 20,122 |
| 317 SHS PEPSICO INC NC | 30,594 | 29,589 |
| 1005 SHS PFIZER INC | 15,889 | 33,698 |
| 375 SHS PHILLIPS 66 COM | 23,859 | 30,210 |
| 187 PRAXAIR INC | 23,207 | 22,356 |
| 201 SHS TIME WARNER CABLE INC NEW | 15,441 | 35,812 |
| 280 SHS UNION PACIFIC CORP | 16,250 | 26,704 |
| 326 SHS UNITEDHEALTH GP INC | 24,145 | 39,772 |
| 396 SHS V F CORPORATION | 11,003 | 27,617 |
| 690 SHS WELLS FARGO & CO NEW | 23,439 | 38,806 |
| 140 SHS WHIRLPOOL CORP | 16,792 | 24,227 |
| 150 SHS ACI WORLDWIDE INC | 3,655 | 3,686 |
| 140 SHS ADVENT SOFTWARE INC | 4,624 | 6,189 |
| 22 SHS AGIOS PHARMACEUTICALS INC COM | 2,276 | 2,445 |
| 194 SHS AKORN INC | 5,376 | 8,470 |
| 104 SHS ALIGN TECHNOLOGY | 5,771 | 6,522 |
| 36 SHS AMAG PHARMACEUTICALS INC | 2,384 | 2,486 |
| 87 SHS AUTOLIV INC | 5,861 | 10,157 |
| 101 SHS AVIS BUDGET GROUP COM | 6,124 | 4,452 |
| 67 SHS BE AEROSPACE INC | 3,185 | 3,678 |
| 80 SHS BITAUTO HLDGS LTD SPON ADS | 3,541 | 4,084 |
| 68 SHS BROADSOFT INC COM | 2,553 | 2,351 |
| 127 BURLINGTON STORES INC | 7,453 | 6,502 |
| 123 SHS CARRIZO OIL & GAS INC | 4,977 | 6,057 |
| 47 SHS CARTER'S | 4,920 | 4,996 |
| 276 SHS CBRE GROUP INC | 3,881 | 10,212 |
| 115 SHS CENTENE CORPORATION | 4,160 | 9,246 |
| 261 SHS CIENA CORP NEW | 5,921 | 6,180 |
| 26 SHS CORE LABORATORES N V | 4,241 | 2,965 |
| 78 SHS DEXCOM | 3,345 | 6,238 |
| 62 SHS DIAMONDBACK ENERGY INC | 5,002 | 4,674 |
| 38 SHS DILLARDS INC CL A | 2,863 | 3,997 |
| 111 SHS DOLBY CLA A COM STK | 4,405 | 4,404 |
| 92 SHS DUNKIN BRANDS GROUP INC | 4,902 | 5,060 |
| 131 SHS ENANTS PHARMACEUTICALS INC | 5,509 | 5,894 |
| 338 SHS ENTEGRIS INC | 2,967 | 4,925 |
| 87 SHS EXPEDIA INC NEW | 3,277 | 9,513 |
| 67 SHS F5 NETWORKS INC | 6,330 | 8,063 |
| 106 SHS FIREEYE INC | 4,553 | 5,184 |
| 132 SHS FIRST REPUBLIC BANK | 5,367 | 8,320 |
| 161 SHS FOOT LOCKER INC | 8,029 | 10,789 |
| 202 SHS FORTINET INC | 7,203 | 8,349 |
| 57 SHS GARTNER INC | 2,493 | 4,889 |
| 91 SHS GLOBAL PAYMENT INC | 6,612 | 9,414 |
| 104 SHS HAIN CELESTIAL GROUP INC | 5,842 | 6,849 |
| 279 SHS HD SUPPLY HOLDINGS | 7,872 | 9,815 |
| 120 SHS HEARTLAND PAYMENT SYS INC | 2,547 | 6,486 |
| 81 SHS HORIZON PHARMA PLC SHS | 2,638 | 2,814 |
| 146 SHS IAC INTERACTIVECORP COM | 6,205 | 11,630 |
| 89 SHS ICON PLC | 4,985 | 5,990 |
| 133 SHS IMAX CORP | 4,461 | 5,356 |
| 360 SHS INFINERA CORP | 6,892 | 7,553 |
| 165 SHS INFORMATICA CORP | 5,633 | 7,998 |
| 82 SHS INTERACTIVE BROKERS GROUP INC | 1,833 | 3,408 |
| 130 SHS ISIS PHARM INC | 4,909 | 7,482 |
| 38 SHS JAZZ PHARMACEUTICALS PLC | 4,835 | 6,691 |
| 208 SHS KAPSTONE PAPER AND PACKAGING | 2,123 | 4,809 |
| 217 SHS KERYX BIOPHARMACEUTICALS INC | 3,102 | 2,166 |
| 72 SHS MANHATTAN ASSOC INC | 1,963 | 4,295 |
| 29 SHS MARTAXESS HOLDINGS INC | 1,934 | 2,690 |
| 106 SHS MEDIDATA SOLUTIONS INC COM | 5,079 | 5,758 |
| 80 SHS MEDIVATION INC | 6,268 | 9,136 |
| 44 SHS MERCADOLIBRE INC | 5,665 | 6,235 |
| 115 SHS MOMENTA PHARM INC | 2,005 | 2,623 |
| 74 SHS NORDSON CP | 3,918 | 5,764 |
| 124 SHS OLD DOMINION FREIGHT LINE | 6,999 | 8,507 |
| 82 SHS POWER INTEGRATIONS INC | 5,100 | 3,705 |
| 31 SHS PROTO LABS | 2,136 | 2,092 |
| 22 SHS RECEPTOS INC | 3,714 | 4,181 |
| 136 SHS ROBERT HALF INT | 5,013 | 7,548 |
| 51 SHS SIGNET JEWELERS LIMITED | 1,965 | 6,540 |
| 111 SHS SILGAN HLDGS INC | 3,340 | 5,856 |
| 45 SHS SKECHERS USA INC CL A | 4,749 | 4,941 |
| 115 SHS SPLUNK INC | 6,697 | 8,006 |
| 181 SHS SUPERNUS PHARMACEUTICALS INC | 2,860 | 3,073 |
| 97 SHS TABLEAU SOFTWARE INC CL A | 7,317 | 11,184 |
| 81 SHS TANDEM DIABETES CARE INC | 1,275 | 878 |
| 256 SHS TOTAL SYSTEM SVCS | 6,130 | 10,693 |
| 63 SHS TOWERS WATSON & CO CL A | 3,798 | 7,925 |
| 25 SHS UNITED THERAPEUTICS CORP | 1,452 | 4,349 |
| 50 SHS UNIVERSAL HEALTH SERVICES B | 2,003 | 7,105 |
| 77 SHS VERINT SYSTEMS INC | 4,639 | 4,677 |
| 115 SHS WABTEC | 3,122 | 10,838 |
| 132 SHS WILLIAMS SONOMA | 6,730 | 10,860 |
| 177 SHS WUXI PHARMATECH INC | 5,740 | 7,480 |
| 83 SHS WYNDHAM WORLDWIDE CORP | 2,516 | 6,799 |
| 84 SHS YY INC ADS | 5,407 | 5,840 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 2000 SHS GLADSTONE CAPITAL CORP | AT COST | 50,000 | 50,043 |
| 3500 SHS GLADSTONE CAPITAL CORP | AT COST | 86,361 | 89,319 |
| 2000 SHS WEYERHAEUSER CO | AT COST | 100,730 | 104,000 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 41,116 | 41,116 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 564 | 564 | 0 | |
| FEDERAL EXCISE TAXES | 8,681 | 0 | 0 |