| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX, AUDIT & ACCOUNTING FEES | 14,585 | 7,293 | 7,292 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMG#7243 - BLACKROCK STRATEGIC INCOME OPPORTUNITIES | 39,917 | 39,465 |
| AMG#7243 - FPA NEW INCOME INC FUND | 40,316 | 39,087 |
| AMG#7243 - ISHARES MSCI EMERGING MARKETS | 93,109 | 97,417 |
| AMG#7243 - MORGAN STANLEY INS INTL EQ-A | 24,121 | 29,993 |
| AMG#7243 - SCOUT UNCONSTRAINED BOND-Y | 8,573 | 8,201 |
| AMG#7243 - AMG NATIONAL TRUST BANK SWEEP | 15,543 | 15,543 |
| AMG#7252 - AMERICAN INTERNATIONAL GROUP | 24,870 | 27,075 |
| AMG#7252 - AMGEN INC | 14,311 | 32,687 |
| AMG#7252 - APACHE CORP | 8,021 | 9,166 |
| AMG#7252 - BAKER HUGHES INC | 20,931 | 31,012 |
| AMG#7252 - BANK OF NEW YORK MELLON CORP | 14,005 | 23,075 |
| AMG#7252 - BECTON DICKINSON & CO | 15,366 | 27,047 |
| AMG#7252 - CATERPILLAR INC DEL COM | 26,098 | 27,107 |
| AMG#7252 - CISCO SYSTEMS INC | 25,917 | 35,144 |
| AMG#7252 - CITIGROUP INC | 14,977 | 26,233 |
| AMG#7252 - COCA-COLA FEMSA SAB-SP ADR | 28,960 | 25,089 |
| AMG#7252 - COSTCO WHOLESALE CORP | 2,558 | 8,583 |
| AMG#7252 - DEVON ENERGY CORP | 21,437 | 25,306 |
| AMG#7252 - EMERSON ELECTRIC CO | 12,315 | 18,414 |
| AMG#7252 - FREEPORT-MCMORAN COPPER & GOLD | 29,577 | 22,828 |
| AMG#7252 - GAP INC | 13,089 | 24,775 |
| AMG#7252 - GENERAL ELEC CO COM | 14,685 | 17,358 |
| AMG#7252 - GILEAD SCIENCES INC COM | 9,509 | 32,967 |
| AMG#7252 - GOLDMAN SACHS GROUP INC. | 13,618 | 26,124 |
| AMG#7252 - HALLIBURTON COMPANY | 16,934 | 23,643 |
| AMG#7252 - HEWLETT-PACKARD CO | 16,369 | 22,123 |
| AMG#7252 - INTEL CORP | 13,147 | 21,939 |
| AMG#7252 - IBM CORP | 25,719 | 26,893 |
| AMG#7252 - JPMORGAN CHASE & CO & CO | 18,915 | 28,783 |
| AMG#7252 - JOHNSON & JOHNSON | 16,545 | 24,006 |
| AMG#7252 - KIMBERLY-CLARK CORP | 6,223 | 10,530 |
| AMG#7252 - MARKEL CORP COM | 13,323 | 29,626 |
| AMG#7252 - MICROSOFT CORPORATION | 20,761 | 35,848 |
| AMG#7252 - ORACLE CORPORATION | 9,699 | 22,290 |
| AMG#7252 - PHILIP MORRIS INTERNATIONAL | 22,637 | 27,128 |
| AMG#7252 - QUALCOMM INC | 10,666 | 11,560 |
| AMG#7252 - RAYTHEON CO | 5,619 | 12,896 |
| AMG#7252 - SOUTHWESTERN ENERGY CO | 21,475 | 18,836 |
| AMG#7252 - TRAVELERS COS INC | 8,081 | 17,795 |
| AMG#7252 - VOYA FINANCIAL INC | 25,609 | 30,527 |
| AMG#7252 - AXIS CAPITAL HOLDINGS LTD | 9,084 | 15,149 |
| AMG#7252 - AMG NATIONAL TRUST BANK SWEEP | 44,350 | 44,350 |
| AMG#7261 - ALLEGHANY CORP | 4,932 | 8,997 |
| AMG#7261 - BOSTON PRIVATE FINANCIAL HLD | 1,240 | 3,156 |
| AMG#7261 - THE BRINK'S COMPANY | 7,519 | 8,444 |
| AMG#7261 - CABOT MICROELECTRONICS CORP | 5,749 | 8,230 |
| AMG#7261 - CACI INTERNATIONAL INC CLAS A | 2,932 | 4,766 |
| AMG#7261 - CASEY'S GENERAL STORES INC COM STCK | 2,587 | 8,547 |
| AMG#7261 - CATO CORP-CL A | 3,067 | 6,688 |
| AMG#7261 - CHEMED CORP | 4,559 | 11,986 |
| AMG#7261 - COLUMBIA BANKING SYSTEM INC | 7,698 | 8,969 |
| AMG#7261 - DAWSON GEOPHYSICAL CO | 7,234 | 2,794 |
| AMG#7261 - DEVRY INC | 7,443 | 6,713 |
| AMG#7261 - EMCOR GROUP INC COMMON STOCK | 3,805 | 8,078 |
| AMG#7261 - FAIR ISAAC CORPORATION COM | 2,022 | 7,873 |
| AMG#7261 - FEDERATED INVESTORS INC CL B | 4,500 | 7,946 |
| AMG#7261 - FOOT LOCKER INC. | 1,750 | 8,323 |
| AMG#7261 - GREIF INC. CL A | 9,394 | 7,500 |
| AMG#7261 - HAEMONETICS CORP/MASS | 7,755 | 7,944 |
| AMG#7261 - HARSCO CORP | 9,904 | 7,606 |
| AMG#7261 - HENRY JACK & ASSOCIATES INC | 2,416 | 8,912 |
| AMG#7261 - ICU MEDICAL INC | 2,537 | 7,509 |
| AMG#7261 - LBS INDUSTRIES INC | 6,053 | 7,973 |
| AMG#7261 - MANTECH INTERNATIONAL CORP-A | 7,287 | 5,758 |
| AMG#7261 - OPPENHEIMER HOLDINGS-CL A | 7,464 | 8,218 |
| AMG#7261 - ORBITAL ATK INC | 2,787 | 5,048 |
| AMG#7261 - PBF ENERGY INC | 6,321 | 8,032 |
| AMG#7261 - PERICOM SEMICONDUCTOR CORP | 5,109 | 8,814 |
| AMG#7261 - PERKINELMER INC | 4,084 | 8,919 |
| AMG#7261 - POWELL INDUSTRIES INC | 8,608 | 7,766 |
| AMG#7261 - REGAL BELOIT CORPORATION | 7,877 | 8,133 |
| AMG#7261 - SCANSOURCE INC | 5,763 | 8,568 |
| AMG#7261 - SEALED AIR CORP | 4,966 | 8,527 |
| AMG#7261 - STERIS CORPORATION | 3,609 | 7,515 |
| AMG#7261 - STIFEL CORPORATION | 5,626 | 9,194 |
| AMG#7261 - SUPERIOR ENERGY SERVICES INC | 8,061 | 9,767 |
| AMG#7261 - SUSQUEHANNA BANCSHARES INC. | 6,309 | 9,744 |
| AMG#7261 - SYNAPTICS INC | 4,511 | 13,894 |
| AMG#7261 - UMPQUA HOLDINGS CORP | 6,375 | 9,219 |
| AMG#7261 - UNION BANKSHARES CORP | 6,907 | 12,338 |
| AMG#7261 - VISTA OUTDOOR INC | 3,504 | 6,039 |
| AMG#7261 - WENDY'S CO/THE | 4,772 | 10,919 |
| AMG#7261 - WEST PHARMACEUTICAL SERVICES | 1,829 | 5,861 |
| AMG#7261 - AMG NATIONAL TRUST BANK SWEEP | 59,012 | 59,012 |
| AMG#8650 - GLOBAL X FTSE GREECE 20 ETF | 39,100 | 45,757 |
| AMG#8650 - ISHARES MSCI AUSTRIA INVESTABLE MARKET INDEX | 39,982 | 40,724 |
| AMG#8650 - ISHARES MSCI MSCI BELGIUM | 60,694 | 64,338 |
| AMG#8650 - ISHARES MSCI FRANCE INDEX FD | 21,560 | 21,348 |
| AMG#8650 - ISHARES MSCI SWITZERLAND IND | 38,943 | 40,550 |
| AMG#8650 - ISHARES MSCI SPAIN CAPPED INDEX FD | 42,347 | 46,588 |
| AMG#8650 - ISHARES MSCI ITALY CAPPED INDEX FD | 48,525 | 48,421 |
| AMG#8650 - ISHARES MSCI NORWAY CAPPED | 13,447 | 15,718 |
| AMG#8650 - ISHARES MSCI IRELAND CAPPED INVT | 29,626 | 34,038 |
| AMG#8650 - ISHARES MSCI POLAND INVESTB | 56,496 | 50,442 |
| AMG#8650 - AMG NATIONAL TRUST BANK SWEEP | 8,297 | 8,297 |
| AMG#1063 - BARCLAYS PLC ADR | 672 | 881 |
| AMG#1063 - SCHWAB ADVISOR CASH RESERVE POSITION | 22 | 22 |
| AMG#2978 - BP PRUDHOE BAY ROYALTY TRUST | 121,525 | 101,271 |
| AMG#2978 - CHESAPEAKE GRANITE WASH TRUST | 42,590 | 35,466 |
| AMG#2978 - DORCHESTER MINERALS LP | 7,964 | 8,054 |
| AMG#2978 - ECA MARCELLUS TRUST I | 23,043 | 10,369 |
| AMG#2978 - ENDURO ROYALTY TRUST | 35,378 | 19,385 |
| AMG#2978 - HUGOTON ROYALTY TRUST TEXAS UNIT BEN | 99,053 | 42,304 |
| AMG#2978 - MV OIL TRUST | 16,099 | 8,668 |
| AMG#2978 - PERMIAN BASIN ROYALTY TRUST | 32,055 | 24,290 |
| AMG#2978 - SABINE ROYALTY TRUST-SBI | 15,265 | 13,554 |
| AMG#2978 - SAN JUAN BASIN ROYALTY TR-UBI | 13,851 | 9,424 |
| AMG#2978 - SANDRIDGE PERMIAN TRUST | 43,361 | 27,339 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST I | 19,886 | 11,632 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST II | 28,078 | 12,898 |
| AMG#2978 - VOC ENERGY TRUST | 35,630 | 25,448 |
| AMG#2978 - WHITING USA TRUST I | 14,233 | 7,392 |
| AMG#2978 - AMG NATIONAL TRUST BANK SWEEP | 12,824 | 12,824 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| APEX HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 430,873 | 388,693 |
| ASCENT SMALL CAP HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 301,313 | 332,971 |
| ZENITH TECHNOLOGY HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 176,978 | 319,477 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT LABOR | 3,857 | 386 | 3,471 | |
| LICENSES | 375 | 187 | 188 | |
| FOUNDATION EXPENSE | 65 | 33 | 32 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET INCOME(LOSS)FROM APEX HEDGE FUND LLP | 31,192 | 31,192 | 31,192 |
| NET INCOME(LOSS)FROM ASCENT PARTNERSHIP | 11,599 | 11,599 | 11,599 |
| NET INCOME(LOSS)FROM ZENITH TECHNOLOGY HEDGE FUND PARTNERSHIP | 10,854 | 10,854 | 10,854 |
| ENERGY FUND-ROYALTIES | 34 | 34 | 34 |
| 2012 990-T REFUND | 4,583 | 4,583 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 40,011 | 40,011 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2014 TAX PAYMENTS FOR 990-PF | 7,900 | 0 | 0 | |
| 2014 TAX PAYMENTS FOR 990-T | 3,000 | 0 | 0 |