| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,600 | 1,300 | 0 | 1,300 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CAPITAL GUARDIAN ISHARES CORE | 0 | 0 |
| LAZARD FIXED INCOME | 13,197,773 | 13,197,773 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABERCROMBIE & FITCH CO - CL A | 39,204 | 39,204 |
| ACACIA RESEARCH CORP | 35,637 | 35,637 |
| ACTIVISION BLIZZARD, INC | 267,293 | 267,293 |
| ADTRAN INC | 100,479 | 100,479 |
| AFLAC INC | 128,486 | 128,486 |
| AGILENT TECHNOLOGIES INC | 128,775 | 128,775 |
| AIR PRODUCTS & CHEMICALS | 257,488 | 257,488 |
| ALTRIA GROUP INC | 142,382 | 142,382 |
| AMERICAN EXPRESS CO | 226,316 | 226,316 |
| AMERICAN TOWER CORP | 178,388 | 178,388 |
| AMERISOURCEBERGEN CORP | 201,197 | 201,197 |
| ANDERSONS INC | 86,002 | 86,002 |
| ANTHEM INC | 256,151 | 256,151 |
| APACHE CORP | 67,150 | 67,150 |
| ASTEC INDS INC COM | 69,760 | 69,760 |
| AT&T INC | 90,911 | 90,911 |
| AUTODESK INC | 273,574 | 273,574 |
| AUTOMATIC DATA PROCESSING INC | 175,794 | 175,794 |
| AXIALL CORPORATION | 52,129 | 52,129 |
| BANK OF AMERICA CORP | 377,783 | 377,783 |
| BECTON DICKINSON | 197,235 | 197,235 |
| BOEING CO | 247,249 | 247,249 |
| BP PLC SPONSORED | 145,515 | 145,515 |
| BROOKLINE BANCORP INC | 35,225 | 35,225 |
| CABOT CORP | 142,998 | 142,998 |
| CALIFORNIA RESOURCES CORP | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | 200,588 | 200,588 |
| CARBO CERAMICS INC | 52,890 | 52,890 |
| CARDINAL HEALTH INC | 167,828 | 167,828 |
| CARNIVAL CORP | 214,815 | 214,815 |
| CDK GLOBAL HOLDINGS LLC | 31,852 | 31,852 |
| CF INDUSTRIES HOLDINGS INC | 108,555 | 108,555 |
| CHEMICAL FINL CORP | 63,982 | 63,982 |
| CHEVRON CORPORATION | 94,008 | 94,008 |
| CHICOS FAS INC | 76,621 | 76,621 |
| CHUBB CORP | 185,696 | 185,696 |
| CITIGROUP INC | 213,365 | 213,365 |
| CLARCOR INC | 9,986 | 9,986 |
| CMG/MUT/TRUST FUNDS | 0 | 0 |
| COHEN & STEERS | 53,980 | 53,980 |
| COHU INC | 42,209 | 42,209 |
| COLUMBIA BKG SYS INC | 55,755 | 55,755 |
| COMCAST CORP - CL A | 218,102 | 218,102 |
| COMPASS MINERALS INTERNATIONAL INC | 105,303 | 105,303 |
| CONOCOPHILLIPS | 117,099 | 117,099 |
| CORNING INC | 120,282 | 120,282 |
| CORPORATE OFFICE PROPERTIES TR | 92,887 | 92,887 |
| CRANE CO | 73,004 | 73,004 |
| CRH PLC | 214,392 | 214,392 |
| CUMMINS INC | 77,889 | 77,889 |
| CYPRESS SEMICONDUCTOR CORP | 88,143 | 88,143 |
| DARDEN RESTAURANTS INC | 193,147 | 193,147 |
| DEERE & CO | 170,921 | 170,921 |
| DEVON ENERGY CORPORATION | 61,760 | 61,760 |
| DIEBOLD INC | 136,428 | 136,428 |
| DISNEY WALT CO NEW | 327,114 | 327,114 |
| DOVER CORP | 85,834 | 85,834 |
| DUKE ENERGY CORP | 111,940 | 111,940 |
| EMC CORP MASS | 147,403 | 147,403 |
| EMERSON ELEC CO | 199,929 | 199,929 |
| ENTERGY CORP | 55,782 | 55,782 |
| EXELON CORP | 123,160 | 123,160 |
| EXPRESS SCRIPTS HLDG | 262,230 | 262,230 |
| EXXONMOBIL CORP | 97,905 | 97,905 |
| FIRST FINL BANCORP | 39,122 | 39,122 |
| FIRST MERCHANTS CORP | 33,656 | 33,656 |
| FIRST MIDWEST BANCORP INC | 51,180 | 51,180 |
| FNB CORPORATION | 121,181 | 121,181 |
| FREEPORT-MCMORAN INC | 26,978 | 26,978 |
| GENERAL DYNAMICS CORP | 434,332 | 434,332 |
| GOLDMAN SACHS GROUP INC | 174,823 | 174,823 |
| GRANITE CONSTRUCTION INC | 172,498 | 172,498 |
| GREEN PLAINS INC | 75,227 | 75,227 |
| GREENHILL & CO | 60,338 | 60,338 |
| GREIF INC - CL A | 28,068 | 28,068 |
| HANCOCK HOLDING CO | 76,441 | 76,441 |
| HAYNES INTERNATIONAL INC | 43,845 | 43,845 |
| HONEYWELL INTERNATIONAL INC | 234,897 | 234,897 |
| IBERIABANK CORP | 96,097 | 96,097 |
| IBM | 0 | 0 |
| INFINITY PROPERTY AND CASUALTY CORP | 11,512 | 11,512 |
| INTEL CORP | 387,735 | 387,735 |
| INTERCONTINENTAL EXCHANGE INC | 161,444 | 161,444 |
| INTL BUSINESS MACHINES CORP | 145,189 | 145,189 |
| INTUIT INC | 337,364 | 337,364 |
| JOHNSON & JOHNSON | 232,969 | 232,969 |
| JOHNSON CONTROLS INC | 369,508 | 369,508 |
| JP MORGAN CHASE & CO | 494,631 | 494,631 |
| KBR INC | 128,778 | 128,778 |
| KEYSIGHT TECHNOLOGIES INC | 43,628 | 43,628 |
| KIMBERLY CLARK CORP | 112,024 | 112,024 |
| KROGER CO | 253,908 | 253,908 |
| KRONOS WORLDWIDE INC | 30,371 | 30,371 |
| LOEWS CORPORATION | 77,568 | 77,568 |
| MCGRATH RENTCORP | 45,115 | 45,115 |
| MCKESSON CORP | 240,621 | 240,621 |
| MEDTRONIC PLC | 299,065 | 299,065 |
| MENS WEARHOUSE INC | 61,480 | 61,480 |
| MERCK & CO INC | 195,011 | 195,011 |
| MEREDITH CORP | 66,605 | 66,605 |
| MICROSOFT CORP | 333,990 | 333,990 |
| MORGAN STANLEY | 107,518 | 107,518 |
| MSA SAFETY INC | 95,199 | 95,199 |
| NATIONAL BANK HOLDINGS CORP CL A | 75,714 | 75,714 |
| NEW RESIDENTIAL INVESTMENT CORP | 111,033 | 111,033 |
| NORTHERN TR CORP | 94,798 | 94,798 |
| NORTHWEST BANCSHARES INC | 63,910 | 63,910 |
| OCCIDENTAL PETE CORP | 257,324 | 257,324 |
| OLD NATL BANCORP | 92,533 | 92,533 |
| ON SEMICONDUCTOR CORP | 137,455 | 137,455 |
| ORACLE CORPORATION | 248,075 | 248,075 |
| OSHKOSH CORP | 67,461 | 67,461 |
| PACKAGING CORP OF AMERICA | 137,071 | 137,071 |
| PATTERSONS-UTI ENERGY INC | 119,177 | 119,177 |
| PFIZER INC | 248,588 | 248,588 |
| PHILIP MORRIS INTERNATIONAL | 283,246 | 283,246 |
| PHILLIPS 66 | 91,125 | 91,125 |
| PNC FINANCIAL SERVICES GROUP | 216,163 | 216,163 |
| POTLATCH HOLDINGS INC | 65,712 | 65,712 |
| PRIMORIS SERVICES CORP | 77,656 | 77,656 |
| PROGRESSIVE CORP OHIO | 133,878 | 133,878 |
| PROSPERITY BANCSHARES INC | 137,023 | 137,023 |
| PROVIDENT FINL SVCS INC | 43,605 | 43,605 |
| QUALCOMM INC | 194,592 | 194,592 |
| REGAL BELOIT CORP | 100,654 | 100,654 |
| SANOFI SPONSORED | 191,712 | 191,712 |
| SCHLUMBERGER LTD | 106,718 | 106,718 |
| STATE STREET CORP | 239,228 | 239,228 |
| SUN HYDRAULICS CORP | 2,411 | 2,411 |
| SUPERIOR ENERGY INC | 41,259 | 41,259 |
| TANGER FACTORY OUTLET CTRS INC | 47,448 | 47,448 |
| TARGET CORP | 227,560 | 227,560 |
| TETRA TECH INC | 81,911 | 81,911 |
| TEVA PHARMACEUTICAL INDS SPONSORED | 183,923 | 183,923 |
| TEXAS INSTRUMENTS INC | 195,343 | 195,343 |
| THE BUCKLE INC | 31,149 | 31,149 |
| TJX COS INC | 320,797 | 320,797 |
| TRANSOCEAN LTD | 0 | 0 |
| TRAVELERS COMPANIES INC | 273,008 | 273,008 |
| UMB FINANCIAL CORP | 76,947 | 76,947 |
| UNION BANKSHARES CORPORATION | 56,941 | 56,941 |
| UNION PAC CORP | 182,441 | 182,441 |
| UNITED TECHNOLOGIES CORP | 149,773 | 149,773 |
| UNITEDHEALTH GROUP INC | 657,490 | 657,490 |
| US SILICA HOLDINGS INC | 71,586 | 71,586 |
| VERIZON COMMUNICATIONS | 254,071 | 254,071 |
| VODAFONE GROUP SPONSORED | 61,971 | 61,971 |
| WALMART STORES INC | 201,677 | 201,677 |
| WELLS FARGO & CO | 313,114 | 313,114 |
| WESBANCO INC | 42,448 | 42,448 |
| WESTAMERICA BANCORPORATION | 105,141 | 105,141 |
| ABERDEEN EMERGING MARKETS | 2,425,707 | 2,425,707 |
| OFI DEV INTL | 18,716,765 | 18,716,765 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| REAL ESTATE FUNDS | FMV | 2,200,005 | 2,200,005 |
| HEDGE FUNDS | FMV | 2,008,329 | 2,008,329 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | 39,154 | 43,180 | 43,180 |
| INTEREST RECEIVABLE | 12 | 230 | 230 |
| Description | Amount |
|---|---|
| UNREALIZED LOSSES ON INVESTMENTS | 6,160,830 |
| PRIOR PERIOD ADJUSTMENT TO PREPAIDS | 14,243 |
| EXPENSE RECORDED ON BOOKS NOT ON TAX | 354 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS | 6,395 | 0 | 0 | 0 |
| ADJUSTMENT TO DISCOUNT FOR FUTURE COMMITTMENTS | 390,130 | 0 | 0 | 0 |
| FORM K-1 LAZARD PORTFOLIO DEDUCTIONS | 2,556 | 2,556 | 0 | 0 |
| FORM K-1 JP MORGAN INTERNATIONAL EQUITY | 2,989 | 2,989 | 0 | 0 |
| JP MORGAN PORTFOLIO LOSSES | 321,460 | 321,460 | 0 | 0 |
| CAPITAL GUARDIAN PORTFOLIO LOSSES | 19,423 | 19,423 | 0 | 0 |
| ABERDEEN PORTFOLIO LOSSES | 16 | 16 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EARNEST PARTNERS | 1,188 | 1,188 | 0 |
| GLOBAL | 2,118 | 2,118 | 0 |
| BOOK INCOME | 46,314 | 0 | 0 |
| Description | Amount |
|---|---|
| 2015 GRANTS PAID & EXPENSED IN PRIOR YEARS | 5,935,000 |
| PRIOR PERIOD ADJUSTMENT TO FUTURE COMMITMENTS | 1,555,996 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 245,714 | 245,714 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 25,427 | 0 | 0 | 0 |
| FOREIGN TAXES PAID | 23,373 | 23,373 | 0 | 0 |