| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KRESCH & GERBASI LLP | 7,450 | 7,450 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 50 SHS ACCENTURE | 5,160 | 4,148 |
| 23 SHS ALLERGAN PLC | 5,216 | 6,075 |
| 185 SHS ALEXANDER & BALDWIN | 3,283 | 6,259 |
| 118 SHS ALLIED WORLD ASSURANCE | 5,188 | 4,114 |
| 1000 SHS ALTRIA GROUP | 25,187 | 53,580 |
| 229 SHS AMERICAN EAGLE OUTFITTERS | 2,737 | 3,898 |
| 45 SHS ANHEUSER BUSCH INC | 4,977 | 4,247 |
| 350 SHS APPLE INC | 20,552 | 39,466 |
| 1279 SHS AT&T | 7,499 | 42,463 |
| 340 SHS ATWOOD OCEANICS | 10,317 | 6,497 |
| 39 SHS AVAGO TECHNOLOGIES | 2,119 | 4,913 |
| 66 SHS BP GROUP PLC | 2,863 | 2,214 |
| 150 SHS BHP BILLITON LTD | 8,884 | 5,525 |
| 139 SHS BARCLAYS PLC | 2,501 | 2,217 |
| 33 SHS BAYER AG | 1,815 | 4,475 |
| 300 SHS BOEING COMPANY | 18,190 | 39,204 |
| 215 SHS CABELA'S INC | 3,296 | 9,669 |
| 1500 SHS CANADIAN NAT'L RAILWAY CO | 1,986 | 83,220 |
| 89 SHS CARNIVAL PLC | 4,884 | 4,471 |
| 250 SHS CATERPILLAR | 14,143 | 19,110 |
| 61 SHS CGI GROUP | 2,591 | 2,253 |
| 28 SHS CHECK POINT SOFTWEAR | 2,327 | 2,184 |
| 78 SHS CHICAGO BRIDGE & IRON | 3,961 | 3,454 |
| 282 SHS CORRECTIONS CORP OF AMERICA | 6,446 | 8,285 |
| 392 SHS DANA HOLDING CORP | 9,049 | 6,876 |
| 100 SHS DBS GROUP HOLDINGS | 4,163 | 5,047 |
| 120 SHS DECKERS OUTDOOR | 8,610 | 7,727 |
| 81 SHS DELPHI AUTOMOTIVE PLC | 4,729 | 6,117 |
| 97 SHS DST SYSTEMS | 10,334 | 9,935 |
| 156 SHS EATON VANCE CORP | 4,077 | 5,409 |
| 98 SHS ENDURANCE SPECIALTY | 3,327 | 6,248 |
| 516 SHS FIRST INDL REALTY TR | 5,574 | 10,005 |
| 1000 SHS GENERAL DYNAMICS CORP | 1,957 | 142,030 |
| 2000 SHS GENERAL ELECTRIC CO | 40,872 | 49,640 |
| 176 SHS GATX | 9,086 | 8,724 |
| 78 SHS HDFC BANK | 4,450 | 4,445 |
| 2000 SHS HALLIBURTON CO | 55,885 | 78,700 |
| 224 SHS HUTCHINSON HOLDINGS | 3,860 | 2,954 |
| 200 SHS IBM | 25,556 | 29,578 |
| 83 SHS ICON PLC | 4,678 | 6,391 |
| 128 SHS IMAX | 5,296 | 4,013 |
| 1150 SHS INTEL CORP | 23,137 | 32,821 |
| 382 SHS ING GROUP NV | 4,214 | 4,942 |
| 793 SHS ISHARES MSCI JAPAN | 9,436 | 9,611 |
| 29 SHS JAZZ PHARMACY | 1,703 | 4,896 |
| 300 SHS JOHNSON & JOHNSON | 19,297 | 28,194 |
| 101 SHS KAMAN CORP | 3,509 | 3,922 |
| 59 SHS LYONDELLBASELL INDUSTRIES | 4,347 | 5,037 |
| 116 SHS MANGA INTERNATIONAL | 4,765 | 5,706 |
| 207 SHS MATSON INC | 4,089 | 7,800 |
| 562 SHS MBIA | 4,859 | 3,945 |
| 243 SHS MRC GLOBAL INC | 7,730 | 3,157 |
| 1000 SHS MICROSOFT CORP | 37,061 | 43,520 |
| 383 SHS MITSUBISHS FINANCIAL | 2,441 | 2,543 |
| 1500 SHS MORGAN STANLEY | 21,034 | 51,675 |
| 39 SHS NATIONAL GRID PLC | 2,470 | 2,581 |
| 46 SHS NEWMARKET CORP | 4,674 | 17,629 |
| 275 SHS NEXTERA ENERGY INC | 14,298 | 27,063 |
| 50 SHS NOVARTIS | 2,562 | 4,861 |
| 100 SHS NOVO-NORDISK | 1,745 | 5,527 |
| 50 SHS NXP SEMI CONDUCTOR | 875 | 4,233 |
| 514 SHS OLIN CORP | 14,037 | 10,259 |
| 227 SHS ORBITAL ATK | 12,573 | 17,186 |
| 300 SHS PHILIP MORRIS INT'L INC | 14,616 | 23,940 |
| 101 SHS PRUDENTIAL | 4,686 | 4,386 |
| 130 SHS PRICESMART INC | 3,659 | 11,051 |
| 141 SHS RITCHIE BROS | 2,817 | 3,889 |
| 61 SHS RIO TINTO PLC | 3,503 | 2,240 |
| 45 SHS SCHLUMBERGER LTD | 4,853 | 3,482 |
| 89 SHS SENSATA TECHNOLOGIES | 5,059 | 4,219 |
| 691 SHS SERVICE CORP INT'L | 6,460 | 20,488 |
| 177 SHS SONY | 4,911 | 4,563 |
| 130 SHS STRUM RUGER & CO | 4,153 | 8,176 |
| 610 SHS SUMITOMO TRUST | 4,849 | 5,002 |
| 469 SHS SUPERIOR ENERGY | 10,442 | 7,462 |
| 87 SHS TE CONNECTIVITY LTD | 4,612 | 4,897 |
| 142 SHS TEJON RANCH | 3,213 | 3,355 |
| 5.32 TEJON RANCH WARRANTS | 0 | 5 |
| 202 SHS TEMPUR SEALY | 8,066 | 14,750 |
| 269 SHS TENET HEALTHCARE | 5,771 | 13,243 |
| 40 SHS TOYOTA | 4,071 | 4,735 |
| 167 SHS TREDEGAR CORP | 2,962 | 2,420 |
| 105 SHS UBS AG | 2,427 | 2,172 |
| 1000 SHS US BANCORP | 9,637 | 42,350 |
| 396 SHS USG CORP | 10,787 | 12,082 |
| 256 SHS VISTA OUTDOORS | 7,562 | 11,971 |
| 244 SHS WADDELL REED | 12,241 | 9,533 |
| 10 SHS WHITE MOUNTAIN GROUP | 3,196 | 7,193 |
| 9990.70 SHS WILLIAM BLAIR SM-MID CAP | 176,132 | 204,110 |
| 91 SHS WORLD FUEL SERVICE CORP | 3,391 | 3,517 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DENTONS | 2,350 | 2,350 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEE | 7,860 | 7,860 | 0 | |
| ADR FEES | 50 | 50 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO BROKER | 0 | 253 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 3,697 | 3,697 | 0 |