| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX, AUDIT & ACCOUNTING FEES | 23,009 | 15,555 | 7,454 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMG#7243 - BLACKROCK STRATEGIC INCOME OPPORTUNITIES | 41,057 | 38,727 |
| AMG#7243 - FPA NEW INCOME INC FUND | 40,960 | 39,229 |
| AMG#7243 - ISHARES MSCI EMERGING MARKETS | 40,335 | 37,739 |
| AMG#7243 - MORGAN STANLEY INS INTL EQ-A | 31,264 | 29,460 |
| AMG#7243 - SCOUT UNCONSTRAINED BOND-Y | 8,573 | 8,535 |
| AMG#7243 - AMG NATIONAL TRUST BANK SWEEP | 5,279 | 5,279 |
| AMG#7252 - ABBVIE INC | 14,177 | 15,311 |
| AMG#7252 - ALCOA INC | 12,639 | 19,146 |
| AMG#7252 - AMERICAN INTERNATIONAL GROUP | 14,658 | 15,853 |
| AMG#7252 - AMGEN INC | 1,603 | 4,591 |
| AMG#7252 - APACHE CORP | 10,355 | 11,859 |
| AMG#7252 - BB&T | 16,127 | 15,779 |
| AMG#7252 - BAKER HUGHES INC | 11,111 | 12,864 |
| AMG#7252 - BANK OF AMERICA CORP | 18,672 | 17,967 |
| AMG#7252 - BANK OF NEW YORK MELLON CORP | 7,904 | 12,837 |
| AMG#7252 - BECTON DICKINSON & CO | 7,972 | 18,222 |
| AMG#7252 - CATERPILLAR INC DEL COM | 17,190 | 16,865 |
| AMG#7252 - CISCO SYSTEMS INC | 13,668 | 19,710 |
| AMG#7252 - CITIGROUP INC | 10,970 | 18,281 |
| AMG#7252 - COCA-COLA FEMSA SAB-SP ADR | 7,865 | 7,943 |
| AMG#7252 - CONCHO RESOURCES INC | 8,314 | 13,127 |
| AMG#7252 - COSTCO WHOLESALE CORP | 1,492 | 5,185 |
| AMG#7252 - ENCANA CORP | 5,633 | 13,436 |
| AMG#7252 - GENERAL ELEC CO COM | 12,897 | 18,819 |
| AMG#7252 - GILEAD SCIENCES INC COM | 2,133 | 9,969 |
| AMG#7252 - GOLDMAN SACHS GROUP INC. | 6,476 | 14,606 |
| AMG#7252 - HP INC | 8,211 | 10,699 |
| AMG#7252 - HALLIBURTON COMPANY | 4,840 | 6,899 |
| AMG#7252 - HEWLETT-PACKARD CO | 5,548 | 8,313 |
| AMG#7252 - INTEL CORP | 10,722 | 15,927 |
| AMG#7252 - IBM CORP | 16,252 | 15,178 |
| AMG#7252 - JPMORGAN CHASE & CO | 10,006 | 16,938 |
| AMG#7252 - JOHNSON & JOHNSON | 3,675 | 7,509 |
| AMG#7252 - LAS VEGAS SANDS CORP | 9,870 | 11,333 |
| AMG#7252 - MACY'S INC | 9,740 | 10,610 |
| AMG#7252 - MARKEL CORP COM | 3,814 | 11,688 |
| AMG#7252 - ORACLE CORPORATION | 3,325 | 11,958 |
| AMG#7252 - QUALCOMM INC | 14,796 | 14,600 |
| AMG#7252 - TRAVELERS COS INC | 2,305 | 6,594 |
| AMG#7252 - VOYA FINANCIAL INC | 14,317 | 13,767 |
| AMG#7252 - AXIS CAPITAL HOLDINGS LTD | 4,916 | 9,109 |
| AMG#7252 - EATON CORP PLC | 13,360 | 17,146 |
| AMG#7252 - AMG NATIONAL TRUST BANK SWEEP | 35,224 | 35,224 |
| AMG#7261 - ALLEGHANY CORP | 3,815 | 7,819 |
| AMG#7261 - BB&T CORP | 5,834 | 5,130 |
| AMG#7261 - BOSTON PRIVATE FINANCIAL HLD | 982 | 2,322 |
| AMG#7261 - THE BRINK'S COMPANY | 5,940 | 8,528 |
| AMG#7261 - CABOT MICROELECTRONICS CORP | 4,536 | 5,781 |
| AMG#7261 - CACI INTERNATIONAL INC CLASS A | 2,334 | 4,134 |
| AMG#7261 - CASEY'S GENERAL STORES INC COM STOCK | 895 | 4,032 |
| AMG#7261 - CATO CORP-CL A | 2,435 | 4,940 |
| AMG#7221 - CHEMOURS CO | 6,629 | 5,262 |
| AMG#7221 - CLARCOR INC | 5,656 | 7,229 |
| AMG#7261 - COLUMBIA BANKING SYSTEM INC | 6,088 | 7,048 |
| AMG#7261 - DEVRY INC | 5,842 | 3,453 |
| AMG#7261 - DIEBOLD INC | 7,011 | 6,305 |
| AMG#7261 - EMCOR GROUP INC COMMON STOCK | 2,638 | 6,933 |
| AMG#7261 - FAIR ISAAC CORPORATION COM | 1,591 | 7,470 |
| AMG#7261 - FEDERATED INVESTORS INC CL B | 3,479 | 5,783 |
| AMG#7261 - FOOT LOCKER INC. | 800 | 3,932 |
| AMG#7261 - GREIF INC. CL A | 6,921 | 5,066 |
| AMG#7261 - HAEMONETICS CORP/MASS | 7,326 | 6,259 |
| AMG#7261 - HAYLARD HEALTH INC | 4,960 | 3,773 |
| AMG#7261 - CU MEDICAL INC | 1,026 | 3,576 |
| AMG#7261 - KIRBY CORP | 7,029 | 7,084 |
| AMG#7261 - MANTECH INTERNATIONAL CORP-A | 5,529 | 5,273 |
| AMG#7261 - MATRIX SERVICE CO | 6,444 | 6,858 |
| AMG#7261 - OAKTREE CAPITAL GROUP LLC | 8,050 | 7,778 |
| AMG#7261 - OPPENHEIMER HOLDINGS-CL A | 5,571 | 4,156 |
| AMG#7261 - ORBITAL ATK INC | 2,120 | 4,785 |
| AMG#7261 - PBF ENERGY INC | 4,995 | 7,208 |
| AMG#7261 - PERKINELMER INC | 2,874 | 6,202 |
| AMG#7261 - POWELL INDUSTRIES INC | 7,543 | 6,784 |
| AMG#7261 - REGAL BELOIT CORPORATION | 7,877 | 6,700 |
| AMG#7261 - SCANSOURCE INC | 4,546 | 6,916 |
| AMG#7261 - SEALED AIR CORP | 3,924 | 7,009 |
| AMG#7261 - STERIS CORPORATION | 2,842 | 6,290 |
| AMG#7261 - STIFEL CORPORATION | 6,290 | 6,483 |
| AMG#7261 - SUPERIOR ENERGY SERVICES INC | 7,442 | 9,222 |
| AMG#7261 - SYNAPTICS INC | 2,668 | 6,940 |
| AMG#7261 - UMB FINANCIAL CORP | 8,380 | 9,087 |
| AMG#7261 - UMPQUA HOLDINGS CORP | 5,023 | 6,791 |
| AMG#7261 - UNION BANKSHARES CORP | 5,394 | 11,858 |
| AMG#7261 - VISTA OUTDOOR INC | 2,635 | 5,230 |
| AMG#7261 - WENDY'S CO/THE | 1,893 | 4,963 |
| AMG#7261 - WEST PHARMACEUTICAL SERVICES | 1,384 | 6,194 |
| AMG#7261 - WEX INC | 5,815 | 6,992 |
| AMG#7261 - AMG NATIONAL TRUST BANK SWEEP | 41,608 | 41,608 |
| AMG#8650 - ISHARES MSCI AUSTRIA INVESTABLE MARKET INDEX | 54,247 | 54,063 |
| AMG#8650 - ISHARES MSCI FRANCE INDEX FD | 28,929 | 26,829 |
| AMG#8650 - ISHARES MSCI SWITZERLAND IND | 108,848 | 102,452 |
| AMG#8650 - ISHARES MSCI SPAIN CAPPED INDEX FD | 53,983 | 46,952 |
| AMG#8650 - ISHARES MSCI JAPAN INDEX | 50,316 | 45,863 |
| AMG#8650 - ISHARES MSCI ITALY CAPPED INDEX FD | 27,208 | 22,878 |
| AMG#8650 - ISHARES MSCI IRELAND CAPPED INVT | 23,395 | 27,473 |
| AMG#8650 - ISHARES MSCI POLAND INVESTB | 64,413 | 45,380 |
| AMG#8650 - ISHARES MSCI UNITED KINGDOM | 56,310 | 50,153 |
| AMG#8650 - ISHARES HEDGED MSCI GERMANY | 42,261 | 37,592 |
| AMG#8650 - ISHARES CURRENCY HEDGED MSCI JAPAN | 50,553 | 39,667 |
| AMG#8650 - AMG NATIONAL TRUST BANK SWEEP | 7,914 | 7,914 |
| AMG#2978 - BP PRUDHOE BAY ROYALTY TRUST | 132,833 | 30,015 |
| AMG#2978 - CHESAPEAKE GRANITE WASH TRUST | 45,751 | 16,549 |
| AMG#2978 - DORCHESTER MINERALS LP | 12,718 | 11,070 |
| AMG#2978 - ENDURO ROYALTY TRUST | 38,359 | 17,859 |
| AMG#2978 - HUGOTON ROYALTY TRUST TEXAS UNIT BEN | 99,920 | 15,139 |
| AMG#2978 - MV OIL TRUST | 17,784 | 5,676 |
| AMG#2978 - PERMIAN BASIN ROYALTY TRUST | 35,991 | 22,201 |
| AMG#2978 - SABINE ROYALTY TRUST-SBI | 19,362 | 15,494 |
| AMG#2978 - SAN JUAN BASIN ROYALTY TR-UBI | 15,749 | 8,762 |
| AMG#2978 - SANDRIDGE PERMIAN TRUST | 40,717 | 8,759 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST I | 15,058 | 5,648 |
| AMG#2978 - SANDRIDGE MISSISSIPIAN TRUST II | 28,510 | 6,641 |
| AMG#2978 - VOC ENERGY TRUST | 29,039 | 12,758 |
| AMG#2978 - AMG NATIONAL TRUST BANK SWEEP | 12,674 | 12,674 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| APEX HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 434,071 | 365,795 |
| ASCENT SMALL CAP HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 333,425 | 311,305 |
| ZENITH TECHNOLOGY HEDGE FUND PARTNERSHIP INVESTMENT | AT COST | 185,194 | 200,632 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEES & LICENSES | 375 | 187 | 188 | |
| FOUNDATION EXPENSE | 3,399 | 1,700 | 1,699 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET INCOME(LOSS)FROM APEX HEDGE FUND LLP | 3,196 | 3,196 | 3,196 |
| NET INCOME(LOSS)FROM ASCENT SMALL CAP HEDGE FUND LLLP | 32,112 | 32,112 | 32,112 |
| NET INCOME(LOSS)FROM ZENITH TECHNOLOGY HEDGE FUND LLLP | 8,216 | 8,216 | 8,216 |
| OTHER ROYALTY INCOME | 10 | 10 | 10 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 28,670 | 28,670 | 0 | |
| OTHER PROFESSIONAL FEES | 3,857 | 1,928 | 1,929 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX EXPENSE | 45 | 45 | 0 |