| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| POWERSHARES | 500,470 | 565,252 |
| SELECT SECTOR SPDR TRUST | 848,397 | 869,634 |
| WISDOMTREE JAPAN HEDGED EQUITY | 525,777 | 456,348 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GOLDMAN SACHS BK USA | 100,000 | 100,111 |
| Description | Amount |
|---|---|
| FEDERAL TAXES | 1,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSES | 1,859 | 1,859 | 1,859 |
| Description | Amount |
|---|---|
| REALIZED GAINS ON SALE OF SECURITIES | 68,335 |
| FEDERAL TAX REFUND | 6,236 |