| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FEDERATED TOTAL RETURN BOND INSTL | 65,832 | 63,381 |
| METROPOLITAN WEST TOTAL RETURN BOND I | 57,125 | 55,555 |
| PIMCO INCOME INSTL | 7,710 | 7,296 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TOUCHSTONE SANDS CAPITAL INSTL GROWTH | 32,037 | 38,227 |
| VANGUARD INDEX 500 SIGNAL | 111,227 | 115,674 |
| T ROWE PRICE MID-CAP GROWTH | 28,052 | 26,876 |
| HARBOR INTERNATIONAL INSTL | 49,012 | 43,111 |
| HARDING LOEVNER EMERGING MARKETS CL I | 31,773 | 27,182 |
| STERLING CAPITAL EQUITY INCOME | 35,069 | 34,417 |
| MFS INTERNATIONAL VALUE | 42,668 | 43,074 |
| VANGUARD EXTENDED MARKET IDX ADM | 31,453 | 29,278 |
| VANGUARD EXTENDED MARKET IDX ADMIRAL | 46,734 | 42,986 |
| BOSTON PARTNERS LONG/SHORT RSRCH INSTL | 48,315 | 47,018 |
| STERLING CAPITAL STRATTON SMCP VAL INSTL | 9,448 | 10,528 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE OF MICHIGAN FILING FEE | 20 | 0 | 20 | |
| MISCELLANEOUS EXPENSE | 255 | 0 | 255 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NONDIVIDEND DISTRIBUTIONS | 1 | 0 | 1 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 2,105 | 2,105 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 259 | 259 | 0 |