| Category | Amount |
|---|---|
| NONE | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PIMCO EMERGING LOCAL BOND FUND | 0 | 0 |
| VANGUARD INTER-TERM INV GR | 0 | 0 |
| ISHARES 7-10 YR TREASURY BOND ETF | 0 | 0 |
| DOUBLELINE TOTAL RETURN | 119,341 | 116,858 |
| LEGG MASON BW INTL OPPTY | 25,044 | 22,375 |
| THIRD AVENUE FOCUSED | 37,854 | 22,831 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ISHARES S&P500 INDEX FD | 0 | 0 |
| SPDR GOLD TRUST ETF | 0 | 0 |
| EATON VANCE STRUCTURED EMERGING MKT FD | 0 | 0 |
| FAIRHOLME FD | 0 | 0 |
| PIMCO COMMODITIES PLUS STRATEGY FD | 0 | 0 |
| THIRD AVENUE REAL ESTATE VALUE FUND | 20,882 | 25,487 |
| ARTISAN INTL SMALL CAP FD | 0 | 0 |
| WASATCH EMERGING MKTS SMALL CAP | 0 | 0 |
| HARBOR INTL FD | 0 | 0 |
| PRUDENTIAL JENNISON NAT RES FD | 0 | 0 |
| INTREPID SMALL CAP FUND | 0 | 0 |
| WHITEBOX TACTICAL OPPTYS FUND | 0 | 0 |
| AMG SOUTHERNSUN US EQTY FD | 26,640 | 21,371 |
| TWEEDY BROWNE GLOBAL VALUE FUND | 0 | 0 |
| BROWN ADVISORY SOMERSET | 77,654 | 63,944 |
| FMI INTL FD | 81,373 | 76,168 |
| LONGLEAF PARTNERS INTL | 36,947 | 31,727 |
| SCHWAB FUNDAMENTAL US | 105,215 | 97,163 |
| BARCLAYS IPATH SP MLP | 30,240 | 18,423 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID US EXCISE TAX | 0 | 480 | 480 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 361 | 0 | 0 | |
| PO BOX RENTAL | 132 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BROKERAGE ACCOUNT MARGIN LOAN DUE TO TIMING | 4,556 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 3,107 | 3,107 | 0 | |
| PROFESSIONAL FEES | 1,950 | 1,950 | 0 | |
| MISC | 11 | 11 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| US EXCISE TAX | 668 | 0 | 0 |