| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,000 | 1,800 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HEARSST-ARGYLE TELEVISN MW@+15BP NT B/E RATE 07.000% MATURES 01/15/18 | 19,092 | 26,307 |
| LUBRIZOL CORP NEW NTS CALLMW +75BP RATE 08.875% MATURES 02/01/19 | 25,164 | 30,785 |
| WEATHERFORD INTL FOREIGN SECURITY RATE 09.625% MATURES 03/01/19 | 25,746 | 25,146 |
| CONTL AIRLINES 2010-A B/E RATE 04.750% MATURES 01/12/21 | 3,754 | 4,153 |
| L-3 COMMS CORP NTS B/E CALL@MW+25BP RATE 04.950% MATURES 02/15/21 | 20,942 | 20,983 |
| MEDTRONIC INC CALL@MW T+15BPS B/E RATE 04.125% MATURES 03/15/21 | 10,217 | 10,762 |
| J P MORGAN CHASE & CO NTS B/E RATE 04.625% MATURES 05/10/21 | 20,729 | 21,734 |
| US BANCORP MED TERM NTS B/E RATE 02.950% MATURES 07/15/22 | 9,403 | 10,078 |
| FORD MOTOR CREDIT CO LLC NTS B/E RATE 04.250% MATURES 09/20/22 | 25,907 | 25,874 |
| STANLEY BLACK & DECKER INC B/E RATE 02.900% MATURES 11/01/22 | 15,165 | 14,767 |
| GENERAL ELEC CAP CORP MED TERM NTS RATE 03.100% MATURES 01/09/23 | 19,954 | 20,596 |
| MORGAN STANLEY CALL@MW+30BP RATE 03.750% MATURES 02/25/23 | 25,785 | 25,935 |
| EOG RESOURCES INC B/E CALL@MW+20BP RATE 02.625% MATURES 03/15/23 | 24,534 | 23,877 |
| APPLE INC CALL@MW+15BP NTS B/E RATE 02.400% MATURES 05/03/23 | 22,983 | 24,456 |
| ORACLE CORP NTS B/E CALL@MW+20BP RATE 03.625% MATURES 07/15/23 | 20,073 | 21,022 |
| PNC BANK NA B/E RATE 03.800% MATURES 07/25/23 CALLABLE | 10,207 | 10,478 |
| WELLS FARGO & CO B/E RATE 04.125% MATURES 08/15/23 | 9,966 | 10,542 |
| US AIRWAYS 2011 NTS SER A B/E RATE 07.125% MATURES 10/22/23 | 7,167 | 8,812 |
| BRISTOL MYERS SQUIBB CO CALL@MW+15BP RATE 03.250% MATURES 11/01/23 | 24,513 | 25,873 |
| PACIFIC GAS & ELEC CO CALL@MW+20BP RATE 03.850% MATURES 11/15/23 | 20,378 | 20,878 |
| MONSANTO CO B/E CALL@MW+15BP RATE 03.375%MATURES 07/15/24 CALLABLE | 20,846 | 19,379 |
| AIR PRODUCTS & CHEMICAL CALL@MW+15BP RATE 03.350% MATURES 07/31/24 CALLABLE | 15,164 | 15,174 |
| SIMON PPTY GROUP LP B/E CALL@MW+15BP RATE 03.375% MATURES 10/01/24 | 24,951 | 25,447 |
| ABBOTT LABS CALL@MW+15BP NTS B/E RATE 02.950% MATURES 03/15/25 CALLABLE | 14,838 | 14,942 |
| AMERICAN TOWER CORP B/E CALL@MW+30BP RATE 04.000% MATURES 06/01/25 CALLABLE | 9,923 | 9,863 |
| PNC BK B/E RATE 03.250% MATURES 06/01/25 CALLABLE | 9,975 | 9,974 |
| PEPSICO INC B/E CALL@MW+20BP RATE 03.500% MATURES 07/17/25 CALLABLE | 9,953 | 10,500 |
| CHEVRON CORP B/E CALL@MW+15BP RATE 03.326% MATURES 11/17/25 CALLABLE | 20,266 | 20,219 |
| AMER AIRLN INC 14-1 A FACTOR 0.941824351000 RATE 03.700% MATURES 10/01/26 | 14,198 | 14,274 |
| DOW CHEMICAL CO NTS SER MW B/E RATE 05.700% MATURES 05/15/18 | 17,728 | 21,673 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 25 SHRS AMAZON.COM INC | 1,615 | 16,897 |
| 812 SHRS AT&T INC | 24,992 | 27,941 |
| 520 SHRS COCA COLA CO COM | 10,126 | 22,339 |
| 750 SHRS INTEL CORP | 15,989 | 25,838 |
| 250 SHRS JOHNSON & JOHNSON COM | 12,762 | 25,680 |
| 306 SHRS METLIFE INC. | 9,843 | 14,752 |
| 450 SHR MICROSOFT CORP | 7,307 | 24,966 |
| 200 SHRS MONSANTO CO NEW | 15,945 | 19,704 |
| 300 SHRS SOUTHERN CO | 10,348 | 14,037 |
| 207 SHRS UNITED PARCEL SERVICE INC CL B | 14,967 | 19,920 |
| 200 SHRS UNTD TECHNOLOGIES CORP | 8,068 | 19,214 |
| 175 SHRS 3M CO | 8,337 | 26,362 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 3,398.476 SHRS AMERICAN FUNDS INTERNATIONAL GROWTH AND INCOME CLASS F-1 | AT COST | 88,156 | 96,347 |
| 8,948.611 BRANDES INSTL INTERNATIONAL EQUITY FUND E | AT COST | 138,370 | 135,482 |
| 23,699.054 SHRS MAINSTAY FUNDS HIGH YLD CORP BOND A | AT COST | 120,141 | 125,605 |
| 17,375.083 SHRS WELLS FARGO ADVANTAGE ABSOLUTE RETURN FUND CL A | AT COST | 185,237 | 176,531 |
| 1,617.076 VANGUARD INCOME FUND ADMIRAL | AT COST | 103,266 | 99,311 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| AMOUNTS RECEIVABLE FROM SETTLED TRADES | 18,693 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| UBS SECURITIES | 4,417 | 4,417 | 4,417 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 639 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 18,145 | 18,145 | 0 |