| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 3,000 | 1,500 | 1,500 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Baidu Inc ADS - 5000 sh | 995,967 | 945,200 |
| Berkshire Hathaway Cl-B New - 1500 sh | 221,397 | 198,060 |
| Fedex Corp - 2500 sh | 396,839 | 372,475 |
| Glaxosmithkline PLC ADS - 2000 sh | 94,800 | 80,700 |
| Intel Corp - 3000 sh | 108,488 | 103,350 |
| Luxottica Group SPA Spon ADR - 3000 sh | 202,849 | 194,580 |
| Penske Auto Gp Inc - 4000 sh | 187,878 | 169,360 |
| PG&E Corporation - 4000 sh | 213,624 | 212,760 |
| Procter & Gamble - 3000 sh | 253,232 | 238,230 |
| Tencent Hldgs Ltd - 7500 sh | 148,500 | 147,150 |
| Verizon Communications - 5000 sh | 248,724 | 231,100 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Ipath S&P 500 Vix - 750 sh | AT COST | 63,629 | 15,075 |
| Ishares China Large Cap ETF - 4000 sh | AT COST | 202,320 | 141,160 |
| Powershares Listed Pvt Equity ETF - 27500 sh | AT COST | 324,471 | 289,300 |
| SPDR Trust Series 1 - 4000 sh | AT COST | 828,594 | 815,480 |
| Sunamerica New Foc Div Strat A - 29527.559 sh | AT COST | 450,000 | 454,429 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Portfolio Expenses - Morgan Stanley | 309 | 309 | 0 | |
| From K1 - Powershares DB Ag fd Portfolio Expense | 1,032 | 1,032 | 0 | |
| From K1 - Blackstone Group - Portfolio Expense | 9 | 9 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Morgan Stanley | 1,107 | 1,107 | 1,107 |
| From K1 - Blackstone Group - Ord Inc | 8 | 8 | 8 |
| From K1 - Blackstone Group - Other Port Inc | 60 | 60 | 60 |
| From K1 - United States Oil Fund | -383 | -383 | -383 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management | 13,403 | 13,403 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Taxes | 319 | 0 | 0 | |
| Foreign Taxes | 1,449 | 1,449 | 0 | |
| Filing Fees | 62 | 0 | 62 |