| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE (NON-ALLOC | 1,015 | 1,015 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 4812C0803 JPMORGAN HIGH YIELD | AT COST | 10,988 | 11,139 |
| 81369Y852 COMM SERV SELECT SEC | AT COST | 7,969 | 8,761 |
| 63872T885 ASG GLOBAL ALTERNATI | AT COST | 11,084 | 11,214 |
| 64128R608 NEUBERGER BERMAN LON | AT COST | 10,414 | 11,533 |
| 46090F100 INVESCO OPTIMUM YIEL | AT COST | 12,428 | 11,033 |
| 47803M168 JOHN HANCOCK II-CURR | AT COST | 12,013 | 11,296 |
| 921937827 VANGUARD BD INDEX FD | AT COST | 8,379 | 8,536 |
| 31641Q755 FIDELITY NEW MRKTS I | AT COST | 11,173 | 11,405 |
| 81369Y803 AMEX TECHNOLOGY SELE | AT COST | 7,576 | 25,207 |
| 81369Y704 AMEX INDUSTRIAL SPDR | AT COST | 6,815 | 15,639 |
| 81369Y407 AMEX CONSUMER DISCR | AT COST | 4,616 | 16,092 |
| 87234N765 TCW EMRG MKTS INCM-I | AT COST | 22,021 | 23,069 |
| 464287226 ISHARES BARCLAYS AGG | AT COST | 33,704 | 34,519 |
| 922042858 VANGUARD EMERGING MA | AT COST | 24,604 | 33,003 |
| 81369Y308 CONSUMER STAPLES SEC | AT COST | 5,014 | 8,594 |
| 464287705 ISHARES S&P MIDCAP 4 | AT COST | 11,353 | 24,718 |
| 81369Y100 AMEX MATERIALS SPDR | AT COST | 1,850 | 3,218 |
| 464287655 ISHARES RUSSELL 2000 | AT COST | 28,426 | 27,835 |
| 921943858 VANGUARD EUROPE PACI | AT COST | 34,323 | 39,249 |
| 81369Y605 AMEX FINANCIAL SELEC | AT COST | 9,482 | 19,734 |
| 81369Y506 AMEX ENERGY SELECT S | AT COST | 3,702 | 4,014 |
| 464287606 ISHARES S&P MIDCAP 4 | AT COST | 10,164 | 25,342 |
| 779919307 T ROWE PR REAL ESTAT | AT COST | 5,277 | 5,720 |
| 78463X863 SPDR DJ WILSHIRE INT | AT COST | 3,439 | 5,464 |
| 46434G103 ISHARES CORE MSCI EM | AT COST | 16,570 | 16,461 |
| 921937819 VANGUARD INTERMEDIAT | AT COST | 41,892 | 43,510 |
| 09260C703 BLACKROCK GL L/S CRE | AT COST | 17,295 | 16,973 |
| 81369Y209 AMEX HEALTH CARE SPD | AT COST | 9,792 | 22,697 |
| 00203H859 AQR MANAGED FUTURES | AT COST | 19,279 | 16,834 |
| 277923264 EATON VANCE GLOB MAC | AT COST | 18,418 | 17,440 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEE/STATE TAX | 10 | 0 | 10 |
| Description | Amount |
|---|---|
| MUTUAL FUND TIMING DIFFERENCE | 161 |
| ROUNDING ADJUSTMENT | 1 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 30 | 30 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 16 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 64 | 64 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 131 | 131 | 0 |