| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GT OFFSHORE FUND LIMITED | AT COST | 1,044,375 | 946,486 |
| MIDLAND INTL EQUITY TI LP | AT COST | 325,708 | 328,604 |
| MIDLAND US EQUITY TI LP | AT COST | 270,648 | 319,940 |
| POLYONE CORP - 14,323 SHS | AT COST | 78,514 | 229,402 |
| ALTRIA GROUP - 550 SHS | AT COST | 0 | 0 |
| MONDELEZ INTL - 380 SHS | AT COST | 0 | 0 |
| MOSAIC CO - 200 SHS | AT COST | 0 | 0 |
| PHILIP MORRIS - 550 SHS | AT COST | 0 | 0 |
| FIRST EAGLE GLOBAL FUND | AT COST | 0 | 0 |
| LONGLEAF PARTNERS FUND | AT COST | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PORTFOLIO DEDUCTIONS | 4,825 | 4,825 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 606 | 606 | 0 | |
| EXCISE TAXES | 3,238 | 0 | 0 | |
| INCOME TAXES | 6,400 | 0 | 0 |