| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WAGNER DREESE ELSASSER & ASSOCIATES - 990-PF; ACCOUNTING | 1,750 | 875 | 875 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SECTOR TECHNOLOGY SELECT SECTOR SPDR | FMV | 7,376 | 7,376 |
| SECTOR CONSUMER STAPLES SELECT SECTOR SPDR ETF | FMV | 6,246 | 6,246 |
| ISHARES RUSSELL 2000 ETF | FMV | 7,766 | 7,766 |
| WISDOMTREE TRUST EUROPE HEDGED EQUITY FUND ETF | FMV | 15,860 | 15,860 |
| SECTOR HEALTHCARE SELECT SECTOR SPDR ETF | FMV | 10,122 | 10,122 |
| VANGUARD FTSE ALL WORLD EX US ETF | FMV | 13,309 | 13,309 |
| ISHARES IBOXX $INVESTMENT GRADE CORP BOND ETF | FMV | 10,267 | 10,267 |
| ISHARES INC CURRENCY HEDGED MSCI | FMV | 2,763 | 2,763 |
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR | FMV | 5,644 | 5,644 |
| ISHARES CORE MSCI EUROPE ETF | FMV | 2,893 | 2,893 |
| VANGUARD FTSE PACIFIC ETF | FMV | 2,910 | 2,910 |
| SPDR S&P 500 ETF | FMV | 23,492 | 23,492 |
| FIRST TRUST IV TACTICAL HIGH YIELD ETF | FMV | 5,965 | 5,965 |
| ISHARES U S FINANCIAL SERVICES ETF | FMV | 5,501 | 5,501 |
| ISHARES 0-5 YEAR TIPS BOND ETF | FMV | 5,195 | 5,195 |
| ISHARES FLOATING RATE BOND ETF | FMV | 10,374 | 10,374 |
| SPDR PORTFOLIO SHORT TERM CORP BOND ETF | FMV | 10,489 | 10,489 |
| BARCLAYS BANK PLC IPATH BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN | FMV | 1,995 | 1,995 |
| PIMCO ACTIVE BOND ETF | FMV | 16,649 | 16,649 |
| PIMCO ENHANCED SHORT MATURITY ACTIVE ETF | FMV | 10,095 | 10,095 |
| ISHARES CORE S&P SMALL CAP ETF | FMV | 16,983 | 16,983 |
| ISHARES MORNINGSTAR MID CAP VALUE ETF | FMV | 17,629 | 17,629 |
| SPDR DOW JONES INDUSTRIAL AVERAGE ETF | FMV | 40,810 | 40,810 |
| VANGUARD DIVIDEND APPRECIATION ETF | FMV | 11,362 | 11,362 |
| VANGUARD FTSE EUROPE ETF | FMV | 17,357 | 17,357 |
| VANGUARD GROWTH ETF | FMV | 20,821 | 20,821 |
| VANGUARD S&P 500 INDEX ETF | FMV | 38,378 | 38,378 |
| ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF | FMV | 1,525 | 1,525 |
| SELECT SECTOR COMMUNICATION SERVICES | FMV | 3,757 | 3,757 |
| INVESCO EXCHANGE S&P 500 QUALITY ETF | FMV | 5,534 | 5,534 |
| INVESCO DYNAMIC LEISURE & ENTERTAINMENT ETF | FMV | 5,970 | 5,970 |
| ISHARES US HEALTH CARE PROVIDERS ETF | FMV | 6,113 | 6,113 |
| ISHARES EXPANDED TECH SOFTWARE SECTOR EFT | FMV | 6,073 | 6,073 |
| PROSHARES K-1 FREE CRUDE OIL STRATEGY EFT | FMV | 3,015 | 3,015 |
| VANECK VECTORS GOLD MINERS EFT | FMV | 4,682 | 4,682 |
| VANGUARD REAL ESTATE INDEX EFT | FMV | 6,189 | 6,189 |
| WISDOMTREE EUROPE HEDGED SMALL CAP EQUITY ETF | FMV | 5,126 | 5,126 |
| WISDOMTREE JAPAN SMALL CAP DIVIDEND ETF | FMV | 12,428 | 12,428 |
| WISDOMTREE TRUST BLOOMBERG US DOLLAR BULLISH FUND | FMV | 4,355 | 4,355 |
| VANGUARD SHORT TERM INFLATION PROTECTED SECURITIES ETF | FMV | 6,133 | 6,133 |
| WISDOMTREE FLOATING RATE TREASURY BOND | FMV | 11,411 | 11,411 |
| INVESCO QQQ ETF | FMV | 22,059 | 22,059 |
| Description | Amount |
|---|---|
| ADJUSTMENT FOR DECREASE OF FMV FOR SFAS NO. 124 SECURITIES | 45,788 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| JANNEY MONTGOMERY SCOTT LLC - INVESTMENT MGMT FEES | 4,462 | 4,462 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX ON NET INVESTEMENT INCOME - 2017 BALANCE DUE | 241 | 0 | 0 | |
| 2018 ESTIMATED TAX ON NET INVESTMENT INCOME | 720 | 0 | 0 |