| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN EXPRESS CR CORP BOND | 10,227 | 10,092 |
| BANK AMER CORP - 4.125% - 01/2 | 7,460 | 7,512 |
| COMCAST CORP - 6.400% - 03/01/ | 9,583 | 9,560 |
| ENTERPRISE PRODUCTS - 5.700% - | 5,583 | 5,649 |
| ESCROW GENL MOTORS CORP - 0.00 | ||
| GE CAP CORP NTS - 5.875% - 01/ | 6,628 | 6,530 |
| GILEAD SCIENCES INC - 0.000% - | 10,023 | 9,719 |
| GOLDMAN SACHS GROUP INC - 4.00 | 7,406 | 7,462 |
| JPM CHASE - 4.400% - 07/22/202 | 9,760 | 9,726 |
| UNITED MEXICAN STATES BOND - 3 | 10,437 | 10,530 |
| VERIZON COMMUNICATIONS INC - 5 | 10,337 | 10,295 |
| WELLS FARGO CO - 3.500% - 03/0 | 5,300 | 5,257 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACCENTURE PLC | 11,087 | 12,205 |
| ADECCO S.A. UNSP/ADR | 1,838 | 2,142 |
| ADIENT PLC | 1,258 | 1,229 |
| ADOBE SYSTEMS, INC | 5,916 | 12,256 |
| AEGON N V ORD AMER REG | 3,271 | 1,975 |
| AERCAP HOLDING N.V | 1,925 | 2,097 |
| AGREE REALTY CORP | 1,820 | 2,804 |
| AIRBUS GROUP | 1,972 | 1,987 |
| ALASKA AIR GROUP INC | 4,170 | 4,983 |
| ALBEMARLE CP | 3,692 | 5,347 |
| ALEXANDRIA REAL ESTATE EQUITIE | 3,372 | 4,312 |
| ALLERGAN PLC | 12,257 | 9,611 |
| ALLETE INC | 4,188 | 5,026 |
| ALLIANT CORP | 4,956 | 6,240 |
| ALLIED WORLD ASSURANCE CO HLDG | 3,874 | 4,298 |
| ALPHABET INC CL A | 10,635 | 11,339 |
| AMBEV SA | 1,992 | 1,941 |
| AMTRUST FINANCIAL SERVICES, IN | 8,716 | 8,841 |
| APPLE INC | 8,317 | 11,468 |
| APPLIED IDNS TECH | 4,530 | 5,436 |
| ARES CAPITAL CORPORATION - CLO | 8,548 | 7,574 |
| ASTELLAS PHARMA INC | 1,935 | 1,783 |
| ASTRAZENECA | 2,027 | 1,699 |
| ATOS SE UNSPONS ADR | 1,338 | 1,905 |
| AUTOLIV INC | 3,850 | 3,484 |
| AVNET INC | 6,017 | 5,873 |
| AXA ADS | 2,958 | 2,937 |
| B&G FOODS INC | 4,994 | 6,360 |
| BANCO BILBAO ARG SA | 3,068 | 2,257 |
| BANCO LATINOAMERICANO DE COMER | 6,739 | 6,176 |
| BANK OF THE OZARKS | 8,180 | 8,094 |
| BGC PARTNERS INC | 4,123 | 3,857 |
| BHP BILLITON SP ADR | 1,999 | 2,298 |
| BIOGEN INC | 11,184 | 10,647 |
| BLACKROCK HIGH YIELD BOND INST | 150,001 | 141,948 |
| BOK FINANCIAL CORP | 3,194 | 4,190 |
| BRISTOL-MYERS SQUIBB CO | 13,795 | 10,386 |
| BRITISH AMERICAN TOBACCO PLC | 11,091 | 11,834 |
| BROADRIDGE FINANCIAL | 2,690 | 3,686 |
| CALRSBERG AS SP ADR REP B | 1,754 | 1,829 |
| CELGENE CORP | 8,524 | 10,933 |
| CHINA MOBILE HGK LTD | 2,965 | 2,757 |
| CHUBB LIMITED | 11,652 | 12,573 |
| CK HUTCHISON HLDGS | 2,198 | 2,126 |
| COLGATE-PALMOLIVE COMPANY | 10,002 | 12,131 |
| COLONY FINANCIAL INC | 9,974 | 8,802 |
| COMCAST CORP | 9,470 | 10,695 |
| CONSOLIDATED COMMUNICATIONS HO | 1,803 | 2,058 |
| CRANE CO | 18,843 | 20,335 |
| CULLEN FROST BANKERS INC | 6,731 | 7,979 |
| CVS CAREMARK CORP | 19,976 | 22,539 |
| CYS INVESTMENTS INC | 621 | 586 |
| DBS GROUP HLDGS SPON ADR | 1,924 | 1,814 |
| DEUTSCHE GLOBAL INFRASTRUCTURE | 50,000 | 45,753 |
| DEUTSCHE POST AG | 1,929 | 1,957 |
| DIAGEO PLC ADS | 13,060 | 11,936 |
| DNB NOR ASA SPONSOR ADR | 1,985 | 2,037 |
| DOLLAR TREE INC | 12,531 | 10,501 |
| DONALDSON CO. INC | 2,119 | 2,155 |
| DRIEHAUS EMERGING MARKETS GROW | 65,000 | 62,821 |
| E.ON AG SPON ADR REP 1/3 ORD N | 2,362 | 1,968 |
| EAST WEST BANCORP, INC | 4,957 | 5,018 |
| EASTGROUP PROPERTIES INC | 3,293 | 3,871 |
| ENGIE | 1,996 | 1,767 |
| ENLINK MIDSTREAM LLC | 7,632 | 6,085 |
| EPR PROPERTIES | 6,216 | 7,999 |
| ESTEE LAUDER COMPANIES INC | 8,993 | 11,240 |
| EXXON MOBIL CORP | 12,532 | 11,665 |
| FIDELITY NATIONAL FINANCIAL IN | 3,354 | 3,627 |
| FLOWSERVE CP | 3,530 | 3,430 |
| FORTIS INC | 2,143 | 2,234 |
| FRESENIUS MED CAR AG | 1,926 | 1,786 |
| GALLAGHER ARTHUR J & CO | 3,482 | 3,617 |
| GARMIN LTD | 2,242 | 2,805 |
| GEMALTO N.V. ADR | 2,092 | 1,763 |
| GEO GROUP INC | 2,930 | 3,067 |
| GILEAD SCIENCES INC | 11,940 | 10,676 |
| GRAMERCY PROPERTY TRUST INC | 5,476 | 6,906 |
| GREAT PLAINS ENERGY | 4,103 | 4,238 |
| HARMAN INTERNATIONAL INDUSTRIE | 8,024 | 8,609 |
| HARRIS CORP DEL | 3,524 | 4,014 |
| HASBRO INC | 5,070 | 6,339 |
| HELMERICH PAYNE | 1,722 | 1,578 |
| HERCULES TECHNOLOGY GROWTH | 5,031 | 4,744 |
| HNI CORP | 6,932 | 6,953 |
| HOLLYFRONTIER CORP | 8,829 | 6,761 |
| HOME DEPOT INC | 11,827 | 11,835 |
| HSBC HOLDINGS PLC | 2,861 | 2,258 |
| HUBBELL CLASS B | 3,383 | 3,240 |
| HUNTSMAN CORP | 5,500 | 6,187 |
| IDEX CP | 3,170 | 3,717 |
| IHS MARKIT LTD | 1,551 | 2,134 |
| INGREDION INC | 1,548 | 2,623 |
| INTEL CORP | 8,698 | 11,507 |
| INTESA SANPAOLO SPA | 3,405 | 2,955 |
| INVESCO PLC | 13,459 | 11,292 |
| ISHARE SP SMALL CAP 600 INDEX | 17,514 | 18,750 |
| ISHARES CORE MSCI EMERGING MAR | 29,009 | 32,636 |
| ISHARES MSCI CHINA INDEX FUND | 7,058 | 7,343 |
| ISHARES MSCI INDIA ETF | 7,244 | 7,754 |
| ISHARES TRUST MSCI EAFE INDEX | 56,995 | 57,068 |
| J2 GLOBAL INC | 5,816 | 6,617 |
| JOHNSON CONTROLS INTERNATIONAL | 12,667 | 11,209 |
| JULIUS BAER GROUP LTD | 2,281 | 1,903 |
| KON KPN NV SPON ADR REP 1 ORD | 2,155 | 1,930 |
| KONINKLIJKE DSM NV ADR | 1,901 | 1,874 |
| KONINKLIJKE PHILIPS ELECTRONIC | 2,722 | 2,492 |
| KRAFT HEINZ CO | 10,846 | 11,386 |
| KROGER CO | 12,817 | 11,308 |
| LASALLE HOTEL PROP | 3,690 | 3,658 |
| LEIDOS HOLDINGS INC | 4,152 | 4,323 |
| LINCOLN ELECTRIC HOLDING INC | 4,181 | 4,081 |
| LITTELFUSE, INC | 3,060 | 4,604 |
| LOCKHEED MARTIN CORP | 11,473 | 13,058 |
| MARSH AND MCLENNAN COMPANIES I | 10,102 | 11,854 |
| MASTERCARD INC | 10,985 | 12,200 |
| MAXIM INTEGRATED PRODS INC | 2,411 | 2,972 |
| MAZDA MOTOR CORP | 2,001 | 2,012 |
| MCDONALD'S CORP | 12,183 | 12,158 |
| MEDICAL PROPERTIES TRUST, INC | 7,373 | 7,444 |
| MEDTRONIC PLC | 22,874 | 22,966 |
| MICROCHIP TECHNOLOGY INC | 4,427 | 5,873 |
| MICROSOFT CORP | 8,656 | 12,883 |
| MINE SAFETY APPL | 4,457 | 5,305 |
| MITSUBISHI ESTATE CO ADR | 2,488 | 1,977 |
| MURATA MFG INC UNSP/ADR | 2,006 | 1,938 |
| NEXTERA ENERGY, INC | 8,181 | 12,928 |
| NORDSON CP | 2,545 | 4,606 |
| NORDSTROM INC | 15,903 | 15,184 |
| NOVARTIS AG ADR | 13,717 | 13,139 |
| OMEGA HEALTHCARE INV | 8,919 | 8,053 |
| OPPENHEIMER SNR FLOATING RAT | 100,403 | 95,984 |
| ORANGE | 1,978 | 1,806 |
| OTSUKA HOLDINGS CO | 1,328 | 1,904 |
| PACKAGING CORP AMER | 3,348 | 4,125 |
| PACWEST BANCORP | 8,189 | 8,504 |
| PAYPAL HOLDINGS, INC | 9,928 | 11,790 |
| PEBBLEBROOK HOTEL TR COM | 5,926 | 5,317 |
| PEPSICO INC | 11,269 | 12,435 |
| PLAINS GP HOLDINGS LP | 2,048 | 3,504 |
| PNM RESOURCES INC | 2,302 | 2,694 |
| PRAXAIR INC | 12,371 | 12,291 |
| PRINCIPAL FDS, INC. PREFERRED | 92,000 | 92,080 |
| ROCHE HOLDING LTD ADR | 2,879 | 2,438 |
| ROCKWELL AUTOMATION INC | 11,219 | 12,810 |
| ROYAL DUTCH SHELL CL A | 3,012 | 2,889 |
| RPM INTERNATIONAL INC | 2,533 | 2,662 |
| SCHLUMBERGER LTD | 2,811 | 2,895 |
| SECOM CO LTD ADR OTC | 1,482 | 1,910 |
| SEIKO EPSON CORP ADR | 1,963 | 2,512 |
| SELECT SECTOR SPDR-HEALTH CARE | 7,959 | 7,544 |
| SINCLARI BROADCAST GROUP INC | 9,639 | 8,258 |
| SMITH & NEPHEW PLC ADR | 2,069 | 1,755 |
| SNAP ON INC | 3,608 | 4,161 |
| SOCIETE GENERLE FRNCE ADR | 2,451 | 2,059 |
| STERIS PLC | 6,890 | 6,147 |
| SUNTORY BEVERAGE & FOOD LTD AD | 1,470 | 1,886 |
| T. ROWE PRICE HEALTH SCIENCES | 60,000 | 44,873 |
| TARGA RESOURCES CORP | 2,605 | 5,092 |
| TELEFLEX INC | 2,936 | 3,578 |
| TEMPLETON GLOBAL BD | 79,000 | 70,954 |
| TEXAS INSTRUMENTS INC | 9,181 | 12,682 |
| THE COCA-COLA CO | 12,612 | 12,508 |
| TJX COMPANIES INC | 8,779 | 11,210 |
| TOTAL FINA ELF S.A | 3,002 | 2,912 |
| TRAVELPORT WORLDWIDE LIMITED | 4,580 | 4,448 |
| TUPPERWARE CORP | 2,973 | 2,678 |
| UMPQUA HOLDINGS CORPORATION | 1,288 | 1,146 |
| UNION PACIFIC | 11,443 | 11,199 |
| UNITED TECHNOLOGIES CORP | 12,191 | 12,673 |
| UNITEDHEALTH GROUP INC | 11,888 | 12,013 |
| V F CORP | 11,462 | 12,251 |
| VALIDUS HLDS LTD | 5,702 | 7,205 |
| VAN ECK GLOBAL HARD ASSETS FUN | 20,000 | 21,026 |
| VANGUARD GROWTH ETF | 17,334 | 18,376 |
| VANGUARD LG-CAP ETF | 36,199 | 37,289 |
| VANGUARD MID-CAP ETF | 33,688 | 35,257 |
| VANGUARD VALUE ETF | 17,300 | 18,329 |
| VECTREN CORP | 3,563 | 4,125 |
| VERMILION ENERGY | 3,921 | 4,792 |
| VIVENDI SA | 2,490 | 2,057 |
| WALT DISNEY HOLDINGS CO | 8,028 | 11,308 |
| WASHINGTON TRUST BANCORP INC | 3,054 | 3,856 |
| WESTERN ASSET SMASH SERIES C F | 37,454 | 38,603 |
| WESTERN ASSET SMASH SERIES EC | 97,447 | 100,874 |
| WESTERN ASSET SMASH SERIES M F | 109,967 | 112,111 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ASPEN STILLWATER PROPERTIES, L | 1,022,822 | 1,022,822 | |
| MCGREW-MEYERS HOLDINGS, L.L.C. | 474,824 | 474,824 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 20,483 | 20,483 | ||
| Bank Charges | 339 | 339 | ||
| K-1 Exp ENBRIDGE ENERGY PARTNE | 6 | |||
| K-1 Exp ENERGY TRANSFER EQUITY | 2 | 2 | ||
| K-1 Exp ENERGY TRANSFER PARTNE | 61 | 59 | ||
| K-1 Exp ENTERPRISE PRODUCTS PA | 1 | |||
| K-1 Exp GENESIS ENERGY, L.P | 12 | 11 | ||
| K-1 Exp MAGELLAN MIDSTREAM PAR | 1 | |||
| K-1 Exp MCGREW-MEYERS HOLDINGS | 336 | 336 | ||
| K-1 Exp MPLX LP | 2 | |||
| K-1 Exp PLAINS ALL AMERICAN PI | 55 | 50 | ||
| K-1 Exp SUNOCO LOGISTICS PARTN | 1 | 1 | ||
| K-1 Exp WILLIAMS PARTNERS LP | 2 | |||
| State or Local Filing Fees | 50 | 50 | ||
| REGISTERED AGENT FEES | 189 | 189 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 Inc/Loss AMERIGAS PARTNERS LP | -69 | 11 | |
| K-1 Inc/Loss ASPEN STILLWATER PROPERTIES, LLC | 977 | 977 | |
| K-1 Inc/Loss BUCKEYE PARTNERS, LP | -41 | 2 | |
| K-1 Inc/Loss ENBRIDGE ENERGY PARTNERS LP | -364 | -3 | |
| K-1 Inc/Loss ENERGY TRANSFER EQUITY LP | -364 | 75 | |
| K-1 Inc/Loss ENERGY TRANSFER PARTNERS LP | -1,001 | 98 | |
| K-1 Inc/Loss ENLINK MIDSTREAM PARTNERS LP | -1,280 | 13 | |
| K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP | -1,703 | -65 | |
| K-1 Inc/Loss EQT MIDSTREAM PARTNERS LP | -74 | -1 | |
| K-1 Inc/Loss GENESIS ENERGY, L.P | -585 | 33 | |
| K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP | -490 | 1 | |
| K-1 Inc/Loss MCGREW-MEYERS HOLDINGS, L.L.C. | 98 | 98 | |
| K-1 Inc/Loss MPLX LP | -609 | 67 | |
| K-1 Inc/Loss ONEOK PARTNERS LP | -1,047 | -17 | |
| K-1 Inc/Loss PHILLIPS 66 PARTNERS LP | -58 | 4 | |
| K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP | -1,169 | 66 | |
| K-1 Inc/Loss SHELL MIDSTREAM PARTNERS LP | -111 | 3 | |
| K-1 Inc/Loss SPECTRA ENERGY PRTN LP | -72 | ||
| K-1 Inc/Loss SUNOCO LOGISTICS PARTNERS LP | -43 | 2 | |
| K-1 Inc/Loss TALLGRASS ENERGY PARTNERS LP | -170 | -1 | |
| K-1 Inc/Loss TARGA RESOURCES PARTNERS LP | -575 | 11 | |
| K-1 Inc/Loss WESTERN GAS PARTNERS, LP | -173 | 4 | |
| K-1 Inc/Loss WILLIAMS PARTNERS LP | -1,832 | -59 | |
| Federal Tax Refund | 3,632 | ||
| Sec 751 Gain on Sale AMERIGAS PARTNERS LP | 638 | ||
| Sec 751 Gain on Sale BUCKEYE PARTNERS, LP | 135 | ||
| Sec 751 Gain on Sale ENBRIDGE ENERGY PARTNERS LP | 1,000 | ||
| Sec 751 Gain on Sale ENERGY TRANSFER EQUITY LP | 623 | ||
| Sec 751 Gain on Sale ENERGY TRANSFER PARTNERS LP | 4,144 | ||
| Sec 751 Gain on Sale ENLINK MIDSTREAM PARTNERS LP | 1,475 | ||
| Sec 751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS | 6,871 | ||
| Sec 751 Gain on Sale EQT MIDSTREAM PARTNERS LP | 838 | ||
| Sec 751 Gain on Sale GENESIS ENERGY, L.P | 2,002 | ||
| Sec 751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS L | 2,688 | ||
| Sec 751 Gain on Sale MPLX LP | 3,256 | ||
| Sec 751 Gain on Sale ONEOK PARTNERS LP | 3,795 | ||
| Sec 751 Gain on Sale PHILLIPS 66 PARTNERS LP | 63 | ||
| Sec 751 Gain on Sale PLAINS ALL AMERICAN PIPELINE | 2,828 | ||
| Sec 751 Gain on Sale SHELL MIDSTREAM PARTNERS LP | 88 | ||
| Sec 751 Gain on Sale SPECTRA ENERGY PRTN LP | 170 | ||
| Sec 751 Gain on Sale SUNOCO LOGISTICS PARTNERS LP | 50 | ||
| Sec 751 Gain on Sale TALLGRASS ENERGY PARTNERS LP | 268 | ||
| Sec 751 Gain on Sale TARGA RESOURCES PARTNERS LP | 552 | ||
| Sec 751 Gain on Sale WESTERN GAS PARTNERS, LP | 227 | ||
| Sec 751 Gain on Sale WILLIAMS PARTNERS LP | 2,944 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 27,279 | 27,279 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2016 | 1,700 | |||
| Foreign Tax Paid | 698 | 698 |