| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,500 | 750 | 750 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CISCO SYSTEMS INC SR NOTES AT 4.45% 1/15/20 | 25,130 | 25,491 |
| CREDIT SUISSE SUB NOTES 5.4% 1/14/20 | 25,248 | 25,657 |
| JP MORGAN CHASE & CO NOTE 4.40% 7/22/20 | 101,505 | 102,100 |
| BANK OF NOVA SCOTIA TERM NOTE 4.375% 01/13/21 | 101,454 | 102,321 |
| BERKSHIRE HATHAWAY TERM NOTE 3.50% 01/15/21 | 100,005 | 102,550 |
| GOLDMAN SACHS GROUP GLOBAL TERM NOTE 4.30% 02/15/19 | 30,000 | 30,107 |
| AFLAC INC 4.00 02/15/22 | 50,490 | 50,920 |
| ALERIAN MLP AMLP | 68,264 | 42,720 |
| MORGAN STANLEY MED TERM 2.625% 12/20/18 | 25,000 | 24,922 |
| BLACKROCK INC. SR NOTE 3.5% 3/18/24 | 50,199 | 50,101 |
| NATIONAL RURAL UTILITY MED TERM NOTE 3.15% 4/15/23 | 50,000 | 48,163 |
| ABBVIE INC. SR NOTE 3.600% 5/14/25 | 100,007 | 96,755 |
| AMAZON.COM INC. SR NOTE 3.800% 12/5/24 | 50,793 | 50,988 |
| CA, INC. SR NOTE 3.600% 8/1/20 | 50,855 | 50,137 |
| HCP INC. SR NOTE 4.000% 6/1/25 | 49,788 | 49,066 |
| GOLDMAN SACHS GROUP SR NOTE 3.750% 5/22/25 | 100,007 | 97,959 |
| MAGNA INTERNATIONAL INC. SR NOTE 3.625% 6/15/24 | 49,786 | 49,444 |
| METLIFE INC. SR NOTE 3.048% 12/15/22 | 50,295 | 49,181 |
| MORGAN STANLEY MED TERM NOTE 4.350% 9/8/26 | 50,835 | 49,577 |
| PNC FINANCIAL SERVICES SR NOTE 3.900% 4/29/24 | 51,091 | 49,735 |
| QUALCOMM INC. SR NOTE 3.450% 5/20/25 | 47,487 | 48,589 |
| VENTAS REALTY COMPANY LP SR NOTE 4.125% 1/15/26 | 102,484 | 98,390 |
| WELLS FARGO COMPANY TERM NOTE 3.000% 8/4/26 | 101,139 | 98,689 |
| BIOGEN INC. SR UNSECURED BOND AT 3.625% 9/15/22 | 62,458 | 60,128 |
| EOG RESOURCES INC. SR UNSECURED BOND AT 4.150% 1/15/26 | 50,357 | 51,114 |
| ASSURED GUARANTY US HLDG SR TERM NOTE 5.00% 7/1/24 | 107,019 | 103,070 |
| BROOKFIELD ASSET MAN INC. SR UNSECURED NOTE 4.00% 1/15/25 | 80,885 | 78,611 |
| MORGAN STANLEY SR UNSECURED NOTE 3.750% 2/25/23 | 36,724 | 34,985 |
| ROYAL BANK OF CANADA SUBORDINATED GLOBAL MED TERM NOTE 4.650% 1/27/26 | 107,412 | 102,241 |
| WELLS FARGO COMPANY SUBORDINATED NOTE 4.125% 8/15/23 | 101,906 | 95,987 |
| AT&T INC. GLOBAL NOTE 4.250% 12/1/26 | 104,541 | 98,653 |
| NORDSTROM INC. 4.00% 12/15/26 | 25,434 | 24,239 |
| TRANSCANADA PIPELINES NOTE 4.250% 5/15/28 | 50,359 | 50,181 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PRUDENTIAL SHORT TERM CORP BOND FUND A | FMV | 702,450 | 654,125 |
| PRUDENTIAL HIGH YIELD FUND A | FMV | 229,777 | 222,714 |
| GOLDMAN SACHS, CD 4.0% 3/4/19 | FMV | 100,000 | 100,526 |
| ISHARES MSCI INDEX FUND | FMV | 96,597 | 107,424 |
| SPDR S&P DIVIDEND ET | FMV | 186,566 | 281,059 |
| SPDR S&P 500 TRUST ET | FMV | 167,206 | 305,256 |
| WASHINGTON MUTAL INVESTOTS FUND- CLASS A | FMV | 212,841 | 281,076 |
| DISCOVER BANK CD 3.000% 8/21/23 | FMV | 100,000 | 98,516 |
| GE CAPITAL RETAIL BANK CD 2.100% 12/21/22 | FMV | 100,000 | 95,295 |
| GOLDMAN SACHS CD 2.35% 6/18/20 | FMV | 50,000 | 49,500 |
| GOLDMAN SACHS CD 3.3% 6/18/24 | FMV | 50,000 | 49,322 |
| GE CAPITAL BANK 3.3% 3/28/24 | FMV | 50,133 | 49,771 |
| GOLDMAN SACHS CD 2.450% 3/4/22 | FMV | 40,000 | 39,110 |
| BLACKROCK FLOATING RATE INCOME TRUST | FMV | 50,476 | 48,265 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 922 | 461 | 461 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PA REGISTRATION STATEMENT FEE | 15 | 0 | 15 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 699 | 699 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 3,400 | 0 | 0 |