TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
JAMES P GRAY TUW

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1501 NJ2-130-03-31
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ085341501

A Employer identification number

04-6019038

B Telephone number (see instructions)

(609) 274-6834

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,059,164J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	88,305		86,456
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		177,166
b	Gross sales price for all assets on line 6a 1,600,427
7	Capital gain net income (from Part IV, line 2)...			177,166
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		2,995	2,995
12	Total. Add lines 1 through 11........	268,466		266,617
13	Compensation of officers, directors, trustees, etc.	957		383		574
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		14,908	3,954		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		316	281		35
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	16,181		4,618	0	609
25	Contributions, gifts, grants paid.......	179,792				179,792
26	Total expenses and disbursements. Add lines 24 and 25	195,973		4,618	0	180,401
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	72,493
b	Net investment income (if negative, enter -0-)			261,999
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,379	756	756
	2	Savings and temporary cash investments.........	158,218	145,835	145,835
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	80,559
	b	Investments—corporate stock (attach schedule).......	1,234,999	928,044	887,542
	c	Investments—corporate bonds (attach schedule).......	101,792	187,744	184,295
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............			756
	13	Investments—other (attach schedule)..........	1,568,240	1,953,208	1,839,980
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,145,187	3,215,587	3,059,164
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	3,145,187	3,215,587
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	3,145,187	3,215,587
	31	Total liabilities and net assets/fund balances (see instructions).	3,145,187	3,215,587

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

3,145,187

Enter amount from Part I, line 27a .....................

72,493

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

3,217,769

Decreases not included in line 2 (itemize) bullet

2,182

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

3,215,587

Form 990-PF (2018)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	83. ADVANCED ENERGY INDS INC COM		2015-11-03	2018-01-05
b	417. THIRD POINT REINSURANCE		2017-06-21	2018-01-05
c	102. AECOM TECH CORP		2016-12-16	2018-01-11
d	214. CYPRESS SEMICONDUCTOR CORP COM		2017-02-17	2018-01-11
e	156. HUNTINGTON BANCSHARES INC		2016-06-03	2018-01-11
	102. MASCO CORPORATION		2015-11-03	2018-01-11
	76. SKYWORKS SOLUTIONS INC		2017-01-20	2018-01-11
	16. SKYWORKS SOLUTIONS INC		2017-10-11	2018-01-11
	65. TEXAS CAP BANCSHARES INC		2017-01-20	2018-01-11
	3000. U.S. TREASURY NOTE		2016-07-12	2018-01-11
	181. CEMEX S A		2017-06-08	2018-01-12
	11. SONY CORP ADR AMERN SH NEW		2016-04-12	2018-01-12
	3000. MORGAN STANLEY		2016-05-09	2018-01-17
	2000. CONOCOPHILLIPS COMPANY		2016-06-15	2018-01-22
	10. JOHNSON & JOHNSON COM		2015-11-03	2018-02-02
	26. JOHNSON & JOHNSON COM		2016-11-17	2018-02-02
	61. JOHNSON & JOHNSON COM		2017-01-20	2018-02-02
	86. JOHNSON & JOHNSON COM		2017-03-02	2018-02-02
	5. JOHNSON & JOHNSON COM		2017-04-05	2018-02-02
	272. MICROSOFT CORP COM		2017-11-02	2018-02-02
	40. MICROSOFT CORP COM		2017-11-03	2018-02-02
	31. 3M CO		2017-04-05	2018-02-02
	33. 3M CO		2017-05-02	2018-02-02
	11. 3M CO		2017-07-25	2018-02-02
	39. 3M CO		2017-08-02	2018-02-02
	3000. U.S. TREASURY NOTE		2015-11-03	2018-02-05
	245. SK TELECOM LTD SPON ADR		2015-11-03	2018-02-06
	32. SK TELECOM LTD SPON ADR		2016-04-12	2018-02-06
	128. UNILEVER PLC AMER SHS ADR NEW		2017-07-25	2018-02-06
	5. UNILEVER PLC AMER SHS ADR NEW		2017-11-03	2018-02-06
	13. UNILEVER PLC AMER SHS ADR NEW		2018-01-05	2018-02-06
	71. WPP PLC NEW/ADR		2017-07-25	2018-02-06
	15. WPP PLC NEW/ADR		2017-11-03	2018-02-06
	9. AEGON N V ORD		2017-07-25	2018-02-07
	1. AIR LEASE CORP CL A		2015-12-11	2018-02-07
	236. ALASKA AIR GROUP, INC		2018-02-02	2018-02-07
	54. AMGEN INC		2017-12-04	2018-02-07
	108. AUTOMATIC DATA PROCESSING INC COMMON		2017-09-05	2018-02-07
	12. CBRE GROUP INC		2017-08-11	2018-02-07
	170. CH ROBINSON WORLDWIDE INC		2017-11-02	2018-02-07
	6. CEMEX S A		2017-06-08	2018-02-07
	7. CENTENE CORP DEL		2017-07-25	2018-02-07
	10. CHINA PETE & CHEM CORP SPONSORED		2015-11-03	2018-02-07
	6. CONAGRA FOODS INC		2016-01-12	2018-02-07
	60. CREDIT SUISSE GROUP SPONSORED ADR		2017-07-25	2018-02-07
	30. DST SYS INC DEL		2017-04-18	2018-02-07
	10. EAST WEST BANCORP INC		2015-11-03	2018-02-07
	111. EMBRAER S A SPONSRD ADR		2017-11-03	2018-02-07
	133. EMERSON ELECTRIC COMPANY		2017-02-03	2018-02-07
	65. EMERSON ELECTRIC COMPANY		2017-03-02	2018-02-07
	7. GW PHARMACEUTICALS PLC		2015-11-03	2018-02-07
	7. GILDAN ACTIVEWEAR INC SUB VTG SHS		2016-07-01	2018-02-07
	3. HILL ROM HLDGS		2015-11-03	2018-02-07
	6. HUBSPOT INC		2017-12-05	2018-02-07
	14. HUNTINGTON BANCSHARES INC		2016-06-03	2018-02-07
	8. HYATT HOTELS CORP		2017-11-09	2018-02-07
	5. IAC INTERACTIVECORP		2018-01-11	2018-02-07
	50. ICICI BK LTD		2015-11-03	2018-02-07
	95. KAPSTONE PAPR AND PCKG		2017-03-17	2018-02-07
	23. MGIC INVT CORP WIS COM		2016-12-13	2018-02-07
	9. MGM MIRAGE		2015-11-03	2018-02-07
	74. MADISON (THE) SQUARE		2017-02-22	2018-02-07
	49. MADISON (THE) SQUARE		2017-04-05	2018-02-07
	17. MELCO PBL ENTERTAINMENT-		2017-04-19	2018-02-07
	97. MITSUBISHI UFJ FINL GRP		2017-04-19	2018-02-07
	20. MOELIS & COMPANY SHS -A		2017-04-18	2018-02-07
	185. PAYCHEX INC COM		2017-10-03	2018-02-07
	73. PROCTER & GAMBLE CO COM		2016-03-02	2018-02-07
	45. PROCTER & GAMBLE CO COM		2016-11-17	2018-02-07
	8. PROCTER & GAMBLE CO COM		2017-02-03	2018-02-07
	2. PRUDENTIAL PLC ADR		2015-11-03	2018-02-07
	95. REGIONS FINL CORP NEW		2015-12-09	2018-02-07
	10. SERVICE CORP INTERNATIONAL		2017-07-25	2018-02-07
	16. SERVICENOW INC		2015-11-03	2018-02-07
	7. SONY CORP ADR AMERN SH NEW		2016-04-12	2018-02-07
	35. SPLUNK INC		2017-10-11	2018-02-07
	35. STEEL DYNAMICS INC		2017-03-24	2018-02-07
	128. TEXAS INSTRUMENTS INC		2017-03-02	2018-02-07
	141. TIFFANY & CO NEW		2017-09-05	2018-02-07
	109. UNION PACIFIC CORP		2015-11-03	2018-02-07
	2. UNION PACIFIC CORP		2015-12-16	2018-02-07
	105. UNITED TECHNOLOGIES CORP		2017-02-03	2018-02-07
	2468. VANECK VECTORS		2016-07-22	2018-02-07
	2225. VANECK VECTORS		2016-09-27	2018-02-07
	86. VANGUARD INTL EQTY INDX		2015-11-03	2018-02-07
	150. WAL MART STORES INC		2015-11-03	2018-02-07
	4. ZIONS BANCORP NA		2018-01-11	2018-02-07
	28. INTL GAME TECH PLC		2016-06-21	2018-02-07
	2000. U.S. TREASURY NOTE		2016-05-02	2018-02-08
	1000. U.S. TREASURY NOTE		2017-03-22	2018-02-08
	2000. U.S. TREASURY NOTE		2016-08-03	2018-02-08
	4000. U.S. TREASURY NOTE		2018-01-11	2018-02-20
	2000. U.S. TREASURY NOTE		2017-04-20	2018-02-20
	1000. U.S. TREASURY NOTE		2017-09-25	2018-02-20
	1000. FEDERAL NATL MTG ASSN M/T/N		2015-11-03	2018-02-27
	83. AMGEN INC		2017-12-04	2018-03-02
	50. SOUTHWEST GAS CORPORATION COMMON		2016-12-13	2018-03-02
	42. SOUTHWEST GAS CORPORATION COMMON		2016-12-13	2018-03-02
	1. SOUTHWEST GAS CORPORATION COMMON		2017-01-20	2018-03-02
	1. SOUTHWEST GAS CORPORATION COMMON		2017-03-24	2018-03-02
	24. WAL MART STORES INC		2015-11-03	2018-03-02
	51. WAL MART STORES INC		2016-11-17	2018-03-02
	65. WAL MART STORES INC		2017-03-08	2018-03-02
	3. WAL MART STORES INC		2017-11-03	2018-03-02
	3000. U.S. TREASURY NOTE		2016-12-01	2018-03-07
	132. BRITISH AMERICAN TOBACCO		2015-11-03	2018-03-08
	26. BRITISH AMERICAN TOBACCO		2016-09-08	2018-03-08
	5. BRITISH AMERICAN TOBACCO		2018-02-07	2018-03-08
	102. CREDIT SUISSE GROUP SPONSORED ADR		2017-07-25	2018-03-08
	85. MANULIFE FINL CORP		2017-05-24	2018-03-08
	1869. VEON LTD		2017-01-26	2018-03-08
	182. VEON LTD		2017-04-05	2018-03-08
	56. VEON LTD		2017-07-25	2018-03-08
	133. VEON LTD		2017-11-03	2018-03-08
	136. VEON LTD		2018-02-07	2018-03-08
	34.96 FNMA PBH9215 03 50%2048		2018-03-26	2018-03-26
	2000. HEWLETT-PACKARD CO		2017-01-27	2018-03-26
	161. CAMPING WORLD HOLDINGS		2017-08-23	2018-03-27
	198. CAMPING WORLD HOLDINGS		2017-11-06	2018-03-27
	17. CAMPING WORLD HOLDINGS		2018-02-07	2018-03-27
	75. DST SYS INC DEL		2017-04-18	2018-03-27
	10. DST SYS INC DEL		2017-07-25	2018-03-27
	116. TIFFANY & CO NEW		2017-09-05	2018-04-03
	26. TIFFANY & CO NEW		2017-11-03	2018-04-03
	194. KAPSTONE PAPR AND PCKG		2017-03-17	2018-04-04
	5. KAPSTONE PAPR AND PCKG		2017-04-05	2018-04-04
	5. KAPSTONE PAPR AND PCKG		2017-07-25	2018-04-04
	58. TECH DATA CORP		2016-12-13	2018-04-04
	9. TECH DATA CORP		2017-01-20	2018-04-04
	8. TECH DATA CORP		2017-11-03	2018-04-04
	24. AGILENT TECHNOLOGIES INC		2017-01-20	2018-04-09
	37. BIOMARIN PHARMACEUTICAL INC		2017-03-24	2018-04-09
	44. CLOVIS ONCOLOGY INC		2017-10-11	2018-04-09
	198. FIRST DATA CORPORATION		2016-04-27	2018-04-09
	18. SERVICENOW INC		2015-11-03	2018-04-09
	32. SPLUNK INC		2017-10-11	2018-04-09
	121. STEEL DYNAMICS INC		2017-03-24	2018-04-09
	1. CTRIP COM INTL LTD		2017-04-19	2018-04-10
	4. EMBRAER S A SPONSRD ADR		2017-11-03	2018-04-10
	7. GW PHARMACEUTICALS PLC		2015-11-03	2018-04-10
	1. GW PHARMACEUTICALS PLC		2016-01-12	2018-04-10
	3. SONY CORP ADR AMERN SH NEW		2016-04-12	2018-04-10
	42.01 FNMA PBH9215 03 50%2048		2018-04-25	2018-04-25
	229. ALASKA AIR GROUP, INC		2018-02-02	2018-05-02
	225. PAYCHEX INC COM		2017-10-03	2018-05-02
	2000. MORGAN STANLEY		2018-01-17	2018-05-03
	1000. MORGAN STANLEY		2018-03-22	2018-05-03
	307. NTT DOCOMO INC		2017-07-25	2018-05-03
	31. NTT DOCOMO INC		2018-02-07	2018-05-03
	170. JELD WEN HLDG INC		2018-01-05	2018-05-04
	13. JELD WEN HLDG INC		2018-02-07	2018-05-04
	288. OWENS ILL INC COM		2017-08-23	2018-05-04
	25. OWENS ILL INC COM		2018-02-07	2018-05-04
	.5 APERGY CORP REG SHS		2017-11-06	2018-05-15
	2000. STATOIL ASA		2015-11-03	2018-05-15
	35. APERGY CORP REG SHS		2017-11-06	2018-05-16
	2255. PIMCO INCOME FUND CL P		2015-11-03	2018-05-16
	.58 PIMCO INCOME FUND CL P		2015-11-03	2018-05-16
	2000. AT&T INC		2017-07-31	2018-05-23
	27.58 FNMA PBH9215 03 50%2048		2018-05-25	2018-05-25
	446. MGIC INVT CORP WIS COM		2016-12-13	2018-05-25
	36. MGIC INVT CORP WIS COM		2017-01-20	2018-05-25
	103. CVS CORP		2018-03-02	2018-06-04
	57. ROCKWELL INTL CORP NEW		2018-05-02	2018-06-04
	39. UNION PACIFIC CORP		2015-12-16	2018-06-04
	23. UNION PACIFIC CORP		2016-04-12	2018-06-04
	20. UNION PACIFIC CORP		2016-11-17	2018-06-04
	5. UNION PACIFIC CORP		2017-04-05	2018-06-04
	18. UNION PACIFIC CORP		2017-07-25	2018-06-04
	8. UNION PACIFIC CORP		2017-11-03	2018-06-04
	1000. PACIFIC GAS & ELECTRIC		2015-11-17	2018-06-19
	41.91 FNMA PBH9215 03 50%2048		2018-06-25	2018-06-25
	3000. APPLE INC		2015-11-03	2018-06-28
	93. BHP BILLITON LIMITED		2017-05-10	2018-06-28
	786. ICICI BK LTD		2015-11-03	2018-06-28
	60. ICICI BK LTD		2016-04-12	2018-06-28
	165. PAMPA ENERGIA SA ADR		2018-02-07	2018-06-28
	100. RED ROBIN GOURMET BURGERS INC		2017-06-21	2018-06-28
	3. RED ROBIN GOURMET BURGERS INC		2017-07-25	2018-06-28
	28. RED ROBIN GOURMET BURGERS INC		2018-02-07	2018-06-28
	2. CHUBB LTD		2015-11-03	2018-06-28
	1000. ENERGY TRANSFER PARTNERS		2015-11-03	2018-07-02
	1254. AEGON N V ORD		2017-07-25	2018-07-03
	50. AUTOMATIC DATA PROCESSING INC COMMON		2017-09-05	2018-07-03
	78. AUTOMATIC DATA PROCESSING INC COMMON		2017-10-03	2018-07-03
	61. ANDEAVOR REG SHS		2017-12-08	2018-07-05
	25. ANDEAVOR REG SHS		2018-02-07	2018-07-05
	77. CBRE GROUP INC		2017-08-11	2018-07-05
	20. CENTENE CORP DEL		2017-07-25	2018-07-05
	37. CLOVIS ONCOLOGY INC		2017-10-11	2018-07-05
	13. CLOVIS ONCOLOGY INC		2017-11-03	2018-07-05
	39. CLOVIS ONCOLOGY INC		2018-02-07	2018-07-05
	55. DEVON ENERGY CORPORATION NEW		2017-12-08	2018-07-05
	119. FIRST DATA CORPORATION		2016-04-27	2018-07-05
	5. HUNTINGTON INGALLS INDS		2017-02-17	2018-07-05
	134. MASCO CORPORATION		2015-11-03	2018-07-05
	27. MASCO CORPORATION		2017-01-20	2018-07-05
	3. MASCO CORPORATION		2018-02-07	2018-07-05
	56. PRINCIPAL FINL GROUP INC		2015-11-03	2018-07-05
	49. PRINCIPAL FINL GROUP INC		2016-04-12	2018-07-05
	20. PRINCIPAL FINL GROUP INC		2017-07-25	2018-07-05
	11. PRINCIPAL FINL GROUP INC		2018-02-07	2018-07-05
	22. SBA COMMUNICATIONS CORP		2016-08-10	2018-07-05
	42. SOUTHWEST GAS CORPORATION COMMON		2016-12-13	2018-07-05
	7. SOUTHWEST GAS CORPORATION COMMON		2017-03-24	2018-07-05
	87. AECOM TECH CORP		2016-12-16	2018-07-20
	50. AGILENT TECHNOLOGIES INC		2017-01-20	2018-07-20
	38. ALASKA AIR GROUP, INC		2018-06-04	2018-07-20
	38. ASTRAZENECA PLC SPONS ADR		2017-07-25	2018-07-20
	84. AVANGRID INC SHS		2017-12-08	2018-07-20
	2. BAIDU.COM ADR		2016-07-15	2018-07-20
	8. BANK MONTREAL QUE		2017-07-25	2018-07-20
	72. BERRY PLASTICS GROUP INC		2016-01-12	2018-07-20
	37. BIOMARIN PHARMACEUTICAL INC		2017-03-24	2018-07-20
	76. BOX INC CL A		2018-01-05	2018-07-20
	107. CBRE GROUP INC		2017-08-11	2018-07-20
	13. CH ROBINSON WORLDWIDE INC		2017-11-02	2018-07-20
	14. CATALENT INC SHS		2017-05-23	2018-07-20
	42. CENTENE CORP DEL		2017-07-25	2018-07-20
	13. CHARLES RIV LABORATORIES INTL INC		2015-12-11	2018-07-20
	21. CHINA PETE & CHEM CORP SPONSORED		2015-11-03	2018-07-20
	6. CHINA TELECOM CORP LTD SPONS ADR		2017-11-07	2018-07-20
	100. CONAGRA FOODS INC		2016-01-12	2018-07-20
	234. CYPRESS SEMICONDUCTOR CORP COM		2017-02-17	2018-07-20
	110. CYRUSONE INC		2016-10-18	2018-07-20
	9. CYRUSONE INC		2017-12-08	2018-07-20
	37. D R HORTON INC		2017-11-09	2018-07-20
	33. D R HORTON INC		2017-11-09	2018-07-20
	112. DEVON ENERGY CORPORATION NEW		2017-12-08	2018-07-20
	10. DIAGEO PLC SPON ADR NEW		2015-12-11	2018-07-20
	45. DOVER CORPORATION		2017-11-06	2018-07-20
	85. EAST WEST BANCORP INC		2015-11-03	2018-07-20
	22. EMERSON ELECTRIC COMPANY		2017-03-02	2018-07-20
	139. FIRST DATA CORPORATION		2016-04-27	2018-07-20
	23. FIRST DATA CORPORATION		2016-09-27	2018-07-20
	13. GW PHARMACEUTICALS PLC		2016-01-12	2018-07-20
	155. GRAPHIC PACKAGING HLDG C		2018-04-09	2018-07-20
	29. GREENBRIER COS INC		2015-11-03	2018-07-20
	47. HESS CORP		2018-07-05	2018-07-20
	56. HILL ROM HLDGS		2015-11-03	2018-07-20
	22. HUBSPOT INC		2017-12-05	2018-07-20
	223. HUNTINGTON BANCSHARES INC		2016-06-03	2018-07-20
	24. HUNTINGTON INGALLS INDS		2017-02-17	2018-07-20
	48. HYATT HOTELS CORP		2017-11-09	2018-07-20
	25. IAC INTERACTIVECORP		2018-01-11	2018-07-20
	7. ITT INC SHS		2017-10-23	2018-07-20
	52. JACOBS ENGR GROUP INC COM		2018-07-05	2018-07-20
	35. KENNEDY-WILSON HLDGS INC		2018-05-04	2018-07-20
	2. KONINKLIJKE PHILIPS ELECTRS		2017-10-31	2018-07-20
	32. LHC GROUP INC		2017-09-26	2018-07-20
	116. MGM MIRAGE		2015-11-03	2018-07-20
	29. MOELIS & COMPANY SHS -A		2017-04-18	2018-07-20
	16. MOHAWK INDS INC		2017-11-06	2018-07-20
	63. NETAPP INC		2018-04-09	2018-07-20
	1. NEW ORIENTAL EDUCATIO		2017-11-28	2018-07-20
	173. ON SEMICONDUCTOR CORP		2018-01-11	2018-07-20
	89. PIMCO INCOME FUND CL P		2015-11-03	2018-07-20
	.19 PIMCO INCOME FUND CL P		2015-11-03	2018-07-20
	10. PROCTER & GAMBLE CO COM		2017-02-03	2018-07-20
	66. PURE STORAGE INC SHS		2018-04-04	2018-07-20
	266. REGIONS FINL CORP NEW		2015-12-09	2018-07-20
	10. RIO TINTO PLC SPON ADR		2018-02-06	2018-07-20
	11. SBA COMMUNICATIONS CORP		2016-08-10	2018-07-20
	13. SBA COMMUNICATIONS CORP		2016-08-17	2018-07-20
	14. SVB FINL GROUP		2018-07-05	2018-07-20
	134. SABRE CORP SHS		2018-07-05	2018-07-20
	37. SANOFI-SYNTHELABO		2016-04-12	2018-07-20
	11. SAP AKTIENGESELLSCHAFT ADR		2016-10-06	2018-07-20
	3. SELECTIVE INS GROUP INC		2015-11-03	2018-07-20
	116. SERVICE CORP INTERNATIONAL		2017-07-25	2018-07-20
	7. SERVICENOW INC		2015-11-03	2018-07-20
	16. SERVICENOW INC		2015-11-17	2018-07-20
	16. SERVICENOW INC		2016-10-11	2018-07-20
	28. SHAW COMMUNICATIONS INC CL B		2018-02-07	2018-07-20
	14. SONY CORP ADR AMERN SH NEW		2016-04-12	2018-07-20
	43. SOUTHWEST GAS CORPORATION COMMON		2017-03-24	2018-07-20
	45. SPLUNK INC		2017-10-11	2018-07-20
	63. STEEL DYNAMICS INC		2017-03-24	2018-07-20
	8. SUN LIFE FINL SVCS CDA INC		2017-08-03	2018-07-20
	56. SUNCOR ENERGY INC NEW		2017-07-25	2018-07-20
	200. TETON WESTWOOD MIGHTY		2018-02-07	2018-07-20
	.34 TETON WESTWOOD MIGHTY		2018-02-07	2018-07-20
	40. TEXAS CAP BANCSHARES INC		2017-01-20	2018-07-20
	28. TEXAS INSTRUMENTS INC		2017-03-02	2018-07-20
	21. THOMSON CORP		2017-07-25	2018-07-20
	25. TOTAL FINA ELF S.A. ADR		2017-07-25	2018-07-20
	95. UGI CORP NEW COM		2016-11-03	2018-07-20
	17. UNITED RENTALS INC		2018-01-11	2018-07-20
	11. UNITED RENTALS INC		2018-01-11	2018-07-20
	10. UNITED TECHNOLOGIES CORP		2017-02-03	2018-07-20
	22. VAIL RESORTS INC		2018-04-09	2018-07-20
	714. VANECK VECTORS		2016-09-27	2018-07-20
	13. ZENDESK INC SHS		2018-05-04	2018-07-20
	67. ZIONS BANCORP NA		2018-01-11	2018-07-20
	2. ALLEGION PLC SHS		2016-02-02	2018-07-20
	48. COCA-COLA EUROPEAN		2016-09-08	2018-07-20
	189. TRAVELPORT WORLDWIDE LTD		2017-08-23	2018-07-20
	9. TRITON INTL LTD SHS CL A		2017-08-23	2018-07-20
	2. CHUBB LTD		2015-11-03	2018-07-20
	73. AERCAP HOLDINGS N.V. SHS		2016-04-27	2018-07-20
	17. AERCAP HOLDINGS N.V. SHS		2016-09-27	2018-07-20
	4. ASML HLDG NV NY REG SHS		2017-07-25	2018-07-20
	40.24 FNMA PBH9215 03 50%2048		2018-07-25	2018-07-25
	178. GILDAN ACTIVEWEAR INC SUB VTG SHS		2016-07-01	2018-07-25
	39. GILDAN ACTIVEWEAR INC SUB VTG SHS		2016-09-27	2018-07-25
	20. GILDAN ACTIVEWEAR INC SUB VTG SHS		2018-07-20	2018-07-25
	320. KENNEDY-WILSON HLDGS INC		2018-05-04	2018-07-27
	2000. JPMORGAN CHASE & CO		2017-07-10	2018-08-01
	1000. JPMORGAN CHASE & CO		2018-01-24	2018-08-01
	30. GENERAL DYNAMICS CORPORATION COM		2018-07-03	2018-08-02
	37. GENERAL DYNAMICS CORPORATION COM		2018-07-20	2018-08-02
	23. MOHAWK INDS INC		2017-11-06	2018-08-02
	2000. PACIFIC GAS & ELECTRIC		2015-11-17	2018-08-02
	34. ROCKWELL INTL CORP NEW		2018-07-03	2018-08-02
	42. ROCKWELL INTL CORP NEW		2018-07-20	2018-08-02
	40. SOUTHWEST GAS CORPORATION COMMON		2017-03-24	2018-08-02
	4. SOUTHWEST GAS CORPORATION COMMON		2017-07-25	2018-08-02
	329. MANULIFE FINL CORP		2017-05-24	2018-08-03
	347. MANULIFE FINL CORP		2017-07-25	2018-08-03
	94. MANULIFE FINL CORP		2018-02-07	2018-08-03
	181. SUN LIFE FINL SVCS CDA INC		2017-08-03	2018-08-03
	12. SUN LIFE FINL SVCS CDA INC		2018-02-07	2018-08-03
	284. TRAVELPORT WORLDWIDE LTD		2017-08-23	2018-08-08
	71. TRAVELPORT WORLDWIDE LTD		2018-02-07	2018-08-08
	2000. U.S. TREASURY NOTE		2015-11-03	2018-08-17
	1000. U.S. TREASURY NOTE		2015-12-08	2018-08-17
	36.63 FNMA PBH9215 03 50%2048		2018-08-27	2018-08-27
	2000. VODAFONE GROUP PLC		2016-06-01	2018-08-31
	29. V F CORPORATION COM		2018-08-02	2018-09-05
	125. V F CORPORATION COM		2018-08-02	2018-09-05
	171. INTL GAME TECH PLC		2016-06-21	2018-09-12
	29. INTL GAME TECH PLC		2017-04-05	2018-09-12
	55. INTL GAME TECH PLC		2017-07-25	2018-09-12
	19. INTL GAME TECH PLC		2018-07-20	2018-09-12
	123. ABB LTD		2017-05-10	2018-09-13
	45. CANADIAN NAT RES LTD		2017-07-25	2018-09-13
	43. CHINA PETE & CHEM CORP SPONSORED		2015-11-03	2018-09-13
	18. SAP AKTIENGESELLSCHAFT ADR		2016-10-06	2018-09-13
	74. TORONTO-DOMINION BANK (NEW)		2016-01-12	2018-09-13
	32. ALLEGION PLC SHS		2016-02-02	2018-09-13
	9. ASML HLDG NV NY REG SHS		2017-07-25	2018-09-13
	46.25 FNMA PBH9215 03 50%2048		2018-09-25	2018-09-25
	112.84 TRITON INTL LTD SHS CL A		2018-09-25	2018-09-25
	1000. STARBUCKS CORP		2018-02-27	2018-10-03
	1000. STARBUCKS CORP		2018-03-23	2018-10-03
	3000. AFLAC INC		2015-11-03	2018-10-12
	3000. MORGAN STANLEY		2018-05-03	2018-10-12
	1000. U.S. TREASURY NOTE		2017-06-05	2018-10-15
	78. D R HORTON INC		2017-11-09	2018-10-19
	37. D R HORTON INC		2017-11-22	2018-10-19
	2. D R HORTON INC		2018-02-07	2018-10-19
	14. IAC INTERACTIVECORP		2018-01-11	2018-10-19
	46. MGM MIRAGE		2015-11-03	2018-10-19
	5. SERVICENOW INC		2016-10-11	2018-10-19
	12. SERVICENOW INC		2017-04-11	2018-10-19
	1. AECOM TECH CORP		2016-12-16	2018-10-23
	2. AGILENT TECHNOLOGIES INC		2017-01-20	2018-10-23
	16. ALASKA AIR GROUP, INC		2018-06-04	2018-10-23
	27. ALTRIA GROUP INC		2018-03-02	2018-10-23
	32. ASTRAZENECA PLC SPONS ADR		2017-07-25	2018-10-23
	11. BCE INC		2017-07-25	2018-10-23
	78. BANCO BRADESCO S A ADR		2018-08-03	2018-10-23
	9. BANK MONTREAL QUE		2017-07-25	2018-10-23
	4. BANK OF NOVA SCOTIA CAD COM NPV		2017-07-25	2018-10-23
	9. BHP BILLITON LIMITED		2017-05-10	2018-10-23
	1. BIOMARIN PHARMACEUTICAL INC		2017-03-24	2018-10-23
	5. CH ROBINSON WORLDWIDE INC		2017-11-02	2018-10-23
	1. CENTENE CORP DEL		2017-07-25	2018-10-23
	29. CHINA MOBILE HONG KONG LTD		2017-11-03	2018-10-23
	29. CHINA TELECOM CORP LTD SPONS ADR		2017-11-07	2018-10-23
	34. CIENA CORP		2018-03-27	2018-10-23
	1. CYRUSONE INC		2017-12-08	2018-10-23
	1. DARDEN RESTAURANTS INC COM		2018-07-03	2018-10-23
	3. DOVER CORPORATION		2017-11-06	2018-10-23
	8. EMERSON ELECTRIC COMPANY		2017-03-02	2018-10-23
	7. FIRST DATA CORPORATION		2016-09-27	2018-10-23
	.23 FIRST EAGLE SOGEN FDS INC OVERSEAS FD CL		2017-01-20	2018-10-23
	198. FIRST EAGLE SOGEN FDS INC OVERSEAS FD CL		2017-01-20	2018-10-23
	.34 FIRST EAGLE SOGEN FDS INC OVERSEAS FD CL		2018-07-20	2018-10-23
	608. GOTHAM ABSOLUTE RETURN		2018-02-07	2018-10-23
	.52 GOTHAM ABSOLUTE RETURN		2018-07-20	2018-10-23
	1. GW PHARMACEUTICALS PLC		2016-01-12	2018-10-23
	10. GENUINE PARTS CO		2018-05-02	2018-10-23
	2. HUNTINGTON INGALLS INDS		2017-02-17	2018-10-23
	9. JACOBS ENGR GROUP INC COM		2018-07-05	2018-10-23
	3. KOHLS CORP		2018-08-02	2018-10-23
	2. LHC GROUP INC		2017-09-26	2018-10-23
	38. MADISON (THE) SQUARE		2017-04-05	2018-10-23
	110. MITSUBISHI UFJ FINL GRP		2017-04-19	2018-10-23
	137. MIZUHO FINL GROUP INC		2018-08-03	2018-10-23
	6. NATIONAL GRID PLC SHS		2018-06-28	2018-10-23
	4. NEXTERA ENERGY INC SHS		2018-05-02	2018-10-23
	5. ORANGE SA		2018-03-08	2018-10-23
	.11 PIMCO INCOME FUND CL P		2015-11-03	2018-10-23
	537. PIMCO INCOME FUND CL P		2015-11-03	2018-10-23
	.58 PIMCO INCOME FUND CL P		2015-11-03	2018-10-23
	25. PROCTER & GAMBLE CO COM		2017-02-03	2018-10-23
	16. REPUBLIC SVCS COM		2018-03-02	2018-10-23
	56. SK TELECOM LTD SPON ADR		2017-07-25	2018-10-23
	51. SANOFI-SYNTHELABO		2016-04-12	2018-10-23
	2. SELECTIVE INS GROUP INC		2015-11-03	2018-10-23
	1. SERVICENOW INC		2017-04-11	2018-10-23
	12. SHAW COMMUNICATIONS INC CL B		2018-02-07	2018-10-23
	14. SONY CORP ADR AMERN SH NEW		2016-04-12	2018-10-23
	6. SPIRIT AIRLS INC COM		2018-09-12	2018-10-23
	100. SUMITOMO MITSUI-UNSPONS		2017-07-25	2018-10-23
	35. THOMSON CORP		2017-07-25	2018-10-23
	7. TOTAL FINA ELF S.A. ADR		2017-07-25	2018-10-23
	6. UGI CORP NEW COM		2016-11-03	2018-10-23
	2. UNILEVER NV NY SHARE F NEW		2018-03-08	2018-10-23
	5. UNITED TECHNOLOGIES CORP		2017-02-03	2018-10-23
	307. VANECK VECTORS FALLEN		2016-09-09	2018-10-23
	728. VANECK VECTORS		2016-09-27	2018-10-23
	1. WELLS FARGO & CO NEW		2017-04-13	2018-10-23
	71. COCA-COLA EUROPEAN		2016-09-08	2018-10-23
	1. CHUBB LTD		2015-11-03	2018-10-23
	33.71 FNMA PBH9215 03 50%2048		2018-10-25	2018-10-25
	60. EAST WEST BANCORP INC		2015-11-03	2018-10-26
	42. MGM MIRAGE		2015-11-03	2018-10-26
	22. MGM MIRAGE		2017-04-05	2018-10-26
	28. MGM MIRAGE		2017-11-03	2018-10-26
	3. MGM MIRAGE		2018-10-23	2018-10-26
	56. ON SEMICONDUCTOR CORP		2018-01-11	2018-10-26
	36. ON SEMICONDUCTOR CORP		2018-01-11	2018-10-26
	6. SERVICENOW INC		2017-04-11	2018-10-26
	12. SERVICENOW INC		2018-07-05	2018-10-26
	6. UNITED RENTALS INC		2018-01-11	2018-10-26
	8. UNITED RENTALS INC		2018-01-11	2018-10-26
	6. UNITED RENTALS INC		2018-01-11	2018-10-26
	1000. U.S. TREASURY NOTE		2017-03-22	2018-10-26
	1000. U.S. TREASURY NOTE		2018-10-12	2018-10-26
	99. GENUINE PARTS CO		2018-05-02	2018-11-02
	25. GENUINE PARTS CO		2018-07-20	2018-11-02
	68. UNITED TECHNOLOGIES CORP		2017-02-03	2018-11-02
	1. UNITED TECHNOLOGIES CORP		2017-04-05	2018-11-02
	27. UNITED TECHNOLOGIES CORP		2017-11-03	2018-11-02
	1496. AMBEV SA SHS ADR		2018-08-03	2018-11-05
	74. AMBEV SA SHS ADR		2018-10-23	2018-11-05
	4. HILL ROM HLDGS		2015-11-03	2018-11-06
	32. TEXAS CAP BANCSHARES INC		2017-01-20	2018-11-06
	3. TEXAS CAP BANCSHARES INC		2017-07-25	2018-11-06
	1. TEXAS CAP BANCSHARES INC		2018-02-07	2018-11-06
	13. TEXAS CAP BANCSHARES INC		2018-10-23	2018-11-06
	14. AIR LEASE CORP CL A		2015-12-11	2018-11-07
	22. AMICUS THERAPEUTICS INC		2018-07-11	2018-11-07
	9. CHARLES RIV LABORATORIES INTL INC		2015-12-11	2018-11-07
	39. CIENA CORP		2018-03-27	2018-11-07
	26. H AND E EQUIP SVCS INC		2018-03-02	2018-11-07
	7. HILL ROM HLDGS		2015-11-03	2018-11-07
	6. HUBSPOT INC		2017-12-05	2018-11-07
	27. ITT INC SHS		2017-10-23	2018-11-07
	59. KBR INC		2018-07-20	2018-11-07
	10. LHC GROUP INC		2017-09-26	2018-11-07
	14. MOELIS & COMPANY SHS -A		2017-04-18	2018-11-07
	24. PURE STORAGE INC SHS		2018-04-04	2018-11-07
	70. RAYONIER ADVANCED		2018-03-27	2018-11-07
	15. SELECTIVE INS GROUP INC		2015-11-03	2018-11-07
	17. SPIRIT AIRLS INC COM		2018-09-12	2018-11-07
	4. ZENDESK INC SHS		2018-05-04	2018-11-07
	47. TRITON INTL LTD SHS CL A		2017-08-23	2018-11-07
	14. ALIBABA GROUP HOLDING LT		2017-10-11	2018-11-13
	7. ALIBABA GROUP HOLDING LT		2017-10-11	2018-11-13
	24. BAIDU.COM ADR		2016-07-15	2018-11-13
	1. BAIDU.COM ADR		2017-04-05	2018-11-13
	1. BAIDU.COM ADR		2017-11-03	2018-11-13
	14. BAIDU.COM ADR		2017-11-28	2018-11-13
	9. BAIDU.COM ADR		2018-10-23	2018-11-13
	22. CHINA PETE & CHEM CORP SPONSORED		2015-11-03	2018-11-13
	78. CREDIT SUISSE GROUP SPONSORED ADR		2017-07-25	2018-11-13
	161. CREDIT SUISSE GROUP SPONSORED ADR		2017-07-25	2018-11-13
	85. CTRIP COM INTL LTD		2017-04-19	2018-11-13
	31. CTRIP COM INTL LTD		2017-07-25	2018-11-13
	30. CTRIP COM INTL LTD		2017-11-03	2018-11-13
	2. CTRIP COM INTL LTD		2018-01-12	2018-11-13
	2. CTRIP COM INTL LTD		2018-02-07	2018-11-13
	11. CTRIP COM INTL LTD		2018-07-20	2018-11-13
	36. CTRIP COM INTL LTD		2018-10-23	2018-11-13
	183. EMBRAER S A SPONSRD ADR		2017-11-03	2018-11-13
	152. ING GROEP N V SPONSORED ADR		2015-11-03	2018-11-13
	44. ING GROEP N V SPONSORED ADR		2016-01-12	2018-11-13
	16. KONINKLIJKE PHILIPS ELECTRS		2017-10-31	2018-11-13
	30. KONINKLIJKE PHILIPS ELECTRS		2017-10-31	2018-11-13
	51. KONINKLIJKE PHILIPS ELECTRS		2017-11-03	2018-11-13
	141. MELCO PBL ENTERTAINMENT-		2017-04-19	2018-11-13
	107. MELCO PBL ENTERTAINMENT-		2017-07-25	2018-11-13
	100. MELCO PBL ENTERTAINMENT-		2018-06-28	2018-11-13
	75. MELCO PBL ENTERTAINMENT-		2018-07-20	2018-11-13
	134. MELCO PBL ENTERTAINMENT-		2018-10-23	2018-11-13
	82. NEW ORIENTAL EDUCATIO		2017-11-28	2018-11-13
	14. NEW ORIENTAL EDUCATIO		2017-11-28	2018-11-13
	4. NEW ORIENTAL EDUCATIO		2018-02-07	2018-11-13
	11. NEW ORIENTAL EDUCATIO		2018-03-08	2018-11-13
	21. NEW ORIENTAL EDUCATIO		2018-08-03	2018-11-13
	24. COPA HOLDINGS S A CL A		2017-02-10	2018-11-13
	29. COPA HOLDINGS S A CL A		2017-02-10	2018-11-13
	3000. U.S. TREASURY NOTE		2017-06-05	2018-11-14
	46. ON SEMICONDUCTOR CORP		2018-01-11	2018-11-20
	56. ON SEMICONDUCTOR CORP		2018-01-11	2018-11-20
	4. ON SEMICONDUCTOR CORP		2018-02-07	2018-11-20
	6. UNITED RENTALS INC		2018-01-11	2018-11-20
	9. UNITED RENTALS INC		2018-01-11	2018-11-20
	38.67 FNMA PBH9215 03 50%2048		2018-11-26	2018-11-26
	33. AECOM TECH CORP		2016-12-16	2018-11-28
	20. AECOM TECH CORP		2017-01-20	2018-11-28
	48. DEVON ENERGY CORPORATION NEW		2017-12-08	2018-11-28
	69. DEVON ENERGY CORPORATION NEW		2018-02-07	2018-11-28
	26. DEVON ENERGY CORPORATION NEW		2018-10-23	2018-11-28
	175. GRAPHIC PACKAGING HLDG C		2018-04-09	2018-11-28
	37. GRAPHIC PACKAGING HLDG C		2018-10-23	2018-11-28
	18. JACOBS ENGR GROUP INC COM		2018-07-05	2018-11-28
	58. SPROUTS FARMERS MARKETS		2018-10-26	2018-12-03
	55. SPROUTS FARMERS MARKETS		2018-11-20	2018-12-03
	198. ALASKA AIR GROUP, INC		2018-06-04	2018-12-04
	88. REPUBLIC SVCS COM		2018-03-02	2018-12-04
	88. REPUBLIC SVCS COM		2018-07-20	2018-12-04
	.19 THOMSON REUTERS CORP REG		2018-02-07	2018-12-04
	65. H AND E EQUIP SVCS INC		2018-03-02	2018-12-10
	26. H AND E EQUIP SVCS INC		2018-03-02	2018-12-10
	82. H AND E EQUIP SVCS INC		2018-07-20	2018-12-10
	89. H AND E EQUIP SVCS INC		2018-10-23	2018-12-10
	70. RAYONIER ADVANCED		2018-03-27	2018-12-10
	252. RAYONIER ADVANCED		2018-03-27	2018-12-10
	67. RAYONIER ADVANCED		2018-07-20	2018-12-10
	76. RAYONIER ADVANCED		2018-10-23	2018-12-10
	72. REGIONS FINL CORP NEW		2015-12-09	2018-12-13
	14. SVB FINL GROUP		2018-07-05	2018-12-13
	1. VAIL RESORTS INC		2018-04-09	2018-12-13
	2000. BP CAPITAL MARKETS PLC		2016-06-16	2018-12-14
	3000. U.S. TREASURY NOTE		2017-06-05	2018-12-19
	96.72 TRITON INTL LTD SHS CL A		2018-12-20	2018-12-20
	34.61 FNMA PBH9215 03 50%2048		2018-12-26	2018-12-26
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,958	2,446	3,512
b	5,739	5,901	-162
c	3,945	3,902	43
d	3,599	2,698	901
e	2,424	1,580	844
	4,595	3,006	1,589
	7,618	6,720	898
	1,604	1,685	-81
	6,295	5,037	1,258
	2,987	2,996	-9
	1,467	1,618	-151
	550	307	243
	3,008	3,034	-26
	2,097	2,097
	1,388	1,023	365
	3,609	3,022	587
	8,467	6,989	1,478
	11,937	10,656	1,281
	694	626	68
	25,016	22,777	2,239
	3,679	3,368	311
	7,685	5,941	1,744
	8,180	6,472	1,708
	2,727	2,186	541
	9,668	7,970	1,698
	2,985	3,003	-18
	6,349	5,524	825
	829	633	196
	6,872	7,245	-373
	268	279	-11
	698	721	-23
	6,106	7,221	-1,115
	1,290	1,294	-4
	60	50	10
	46	32	14
	15,256	15,172	84
	9,643	9,672	-29
	12,445	11,466	979
	513	429	84
	15,849	13,436	2,413
	48	54	-6
	738	578	160
	812	740	72
	217	186	31
	1,088	922	166
	2,493	1,845	648
	656	411	245
	2,919	2,215	704
	9,265	7,877	1,388
	4,528	3,925	603
	921	605	316
	228	209	19
	250	159	91
	578	464	114
	220	142	78
	630	550	80
	737	668	69
	520	390	130
	3,282	2,248	1,034
	336	237	99
	314	217	97
	1,843	1,623	220
	1,220	1,195	25
	481	340	141
	718	595	123
	992	711	281
	12,152	11,441	711
	6,042	5,952	90
	3,724	3,748	-24
	662	704	-42
	102	96	6
	1,816	892	924
	384	342	42
	2,455	1,331	1,124
	352	195	157
	3,138	2,220	918
	1,553	1,191	362
	13,295	10,031	3,264
	14,614	13,027	1,587
	14,276	9,678	4,598
	262	158	104
	13,934	11,444	2,490
	106,368	84,656	21,712
	95,895	75,360	20,535
	4,044	3,102	942
	15,493	8,728	6,765
	214	212	2
	776	547	229
	1,831	1,957	-126
	916	940	-24
	1,826	2,012	-186
	3,774	3,893	-119
	1,895	2,002	-107
	948	1,003	-55
	1,343	1,382	-39
	15,346	14,866	480
	3,171	3,761	-590
	2,664	3,160	-496
	63	78	-15
	63	83	-20
	2,116	1,396	720
	4,497	3,507	990
	5,731	4,539	1,192
	265	269	-4
	2,916	2,979	-63
	7,794	7,843	-49
	1,535	1,670	-135
	295	321	-26
	1,843	1,568	275
	1,575	1,484	91
	5,000	7,888	-2,888
	487	733	-246
	150	226	-76
	356	509	-153
	364	500	-136
	35	35
	2,056	2,106	-50
	4,939	5,751	-812
	6,074	8,488	-2,414
	522	721	-199
	6,246	4,612	1,634
	833	607	226
	10,904	10,717	187
	2,444	2,410	34
	6,678	4,590	2,088
	172	116	56
	172	112	60
	4,593	5,200	-607
	713	760	-47
	634	728	-94
	1,587	1,145	442
	2,942	3,232	-290
	2,562	3,688	-1,126
	3,147	2,574	573
	2,987	1,497	1,490
	3,198	2,030	1,168
	5,317	4,118	1,199
	46	47	-1
	104	80	24
	812	605	207
	116	58	58
	149	84	65
	42	42
	14,698	14,722	-24
	13,732	13,914	-182
	1,955	1,984	-29
	977	976	1
	7,697	7,159	538
	777	766	11
	4,932	7,151	-2,219
	377	498	-121
	5,520	6,793	-1,273
	479	565	-86
	20	20
	2,000	1,984	16
	1,433	1,381	52
	26,992	27,377	-385
	7	7
	2,020	2,002	18
	28	28
	4,693	4,598	95
	379	376	3
	6,595	6,939	-344
	10,153	9,626	527
	5,586	3,077	2,509
	3,294	1,831	1,463
	2,865	1,958	907
	716	540	176
	2,578	1,884	694
	1,146	938	208
	892	989	-97
	42	42
	2,886	2,927	-41
	4,633	3,264	1,369
	6,131	6,124	7
	468	386	82
	6,198	10,503	-4,305
	4,694	6,556	-1,862
	141	195	-54
	1,314	1,504	-190
	254	228	26
	1,000	1,000
	7,375	6,946	429
	6,716	5,308	1,408
	10,478	8,629	1,849
	7,979	6,786	1,193
	3,270	2,554	716
	3,691	2,752	939
	2,541	1,651	890
	1,679	3,102	-1,423
	590	945	-355
	1,770	2,066	-296
	2,429	2,102	327
	2,563	1,547	1,016
	1,084	1,064	20
	5,062	3,950	1,112
	1,020	866	154
	113	129	-16
	2,985	2,893	92
	2,612	1,965	647
	1,066	1,347	-281
	586	711	-125
	3,639	2,570	1,069
	3,284	3,388	-104
	547	583	-36
	2,854	3,328	-474
	3,208	2,386	822
	2,346	2,352	-6
	1,414	1,279	135
	4,391	4,350	41
	524	325	199
	630	616	14
	3,459	2,321	1,138
	3,780	3,232	548
	1,996	1,634	362
	5,311	3,825	1,486
	1,174	1,027	147
	616	484	132
	5,701	3,467	2,234
	1,607	974	633
	1,929	1,555	374
	276	303	-27
	3,611	3,094	517
	4,022	2,951	1,071
	6,861	4,945	1,916
	561	533	28
	1,585	1,696	-111
	1,413	1,512	-99
	4,956	4,281	675
	1,510	1,103	407
	3,648	3,412	236
	5,699	3,494	2,205
	1,534	1,329	205
	3,168	1,807	1,361
	524	300	224
	1,900	758	1,142
	2,291	2,404	-113
	1,685	1,146	539
	3,014	3,118	-104
	5,284	2,968	2,316
	2,921	1,701	1,220
	3,366	2,259	1,107
	5,477	5,107	370
	3,961	3,298	663
	3,815	3,342	473
	379	329	50
	3,457	3,343	114
	751	664	87
	86	82	4
	2,786	2,157	629
	3,603	2,795	808
	1,761	982	779
	3,592	4,187	-595
	5,181	4,094	1,087
	93	89	4
	4,178	3,993	185
	1,068	1,081	-13
	2	2
	788	879	-91
	1,603	1,287	316
	4,735	2,498	2,237
	541	544	-3
	1,782	1,285	497
	2,107	1,482	625
	4,333	4,085	248
	3,558	3,413	145
	1,573	1,569	4
	1,281	999	282
	174	108	66
	4,376	3,969	407
	1,338	582	756
	3,057	1,349	1,708
	3,057	1,268	1,789
	574	571	3
	746	391	355
	3,384	3,584	-200
	4,772	2,854	1,918
	2,962	2,144	818
	324	307	17
	2,306	1,743	563
	5,938	5,576	362
	10	9	1
	3,860	3,100	760
	3,232	2,194	1,038
	885	963	-78
	1,542	1,257	285
	5,036	4,195	841
	2,594	3,046	-452
	1,679	1,971	-292
	1,307	1,090	217
	6,305	4,959	1,346
	31,868	24,183	7,685
	784	695	89
	3,559	3,545	14
	161	118	43
	2,019	1,969	50
	3,650	2,771	879
	284	318	-34
	266	228	38
	4,061	3,028	1,033
	946	624	322
	881	613	268
	40	40
	4,628	5,317	-689
	1,014	1,094	-80
	520	576	-56
	6,624	6,074	550
	1,962	2,009	-47
	981	997	-16
	5,843	5,720	123
	7,206	7,238	-32
	4,286	6,019	-1,733
	1,825	1,979	-154
	6,139	5,727	412
	7,584	7,197	387
	3,173	3,334	-161
	317	331	-14
	5,992	5,744	248
	6,320	7,206	-886
	1,712	1,888	-176
	7,279	6,944	335
	483	499	-16
	5,368	4,163	1,205
	1,342	920	422
	2,000	2,068	-68
	1,000	1,033	-33
	37	37
	1,941	1,985	-44
	2,633	2,684	-51
	11,350	11,568	-218
	3,152	3,340	-188
	534	686	-152
	1,014	1,092	-78
	350	474	-124
	2,953	3,027	-74
	1,417	1,366	51
	4,168	3,183	985
	2,192	1,635	557
	4,491	2,697	1,794
	2,857	1,882	975
	1,652	1,378	274
	46	46
	113	113
	982	998	-16
	982	999	-17
	2,974	3,084	-110
	2,901	2,913	-12
	992	999	-7
	2,825	3,574	-749
	1,340	1,737	-397
	72	94	-22
	2,758	1,871	887
	1,229	1,108	121
	902	396	506
	2,165	1,023	1,142
	31	38	-7
	125	95	30
	1,001	990	11
	1,670	1,683	-13
	1,261	1,077	184
	444	511	-67
	697	669	28
	702	694	8
	215	250	-35
	412	316	96
	100	87	13
	441	395	46
	133	83	50
	1,378	1,475	-97
	1,444	1,465	-21
	1,044	891	153
	62	59	3
	107	109	-2
	246	227	19
	547	483	64
	157	91	66
	5	5
	4,639	4,631	8
	8	8
	8,816	9,004	-188
	8	8
	141	58	83
	1,003	883	120
	465	426	39
	681	579	102
	216	214	2
	183	135	48
	1,046	927	119
	649	675	-26
	468	490	-22
	328	333	-5
	685	655	30
	79	88	-9
	1	1
	6,358	6,520	-162
	7	7
	2,167	2,199	-32
	1,129	1,059	70
	1,534	1,539	-5
	2,264	2,162	102
	121	72	49
	180	85	95
	228	245	-17
	767	391	376
	301	292	9
	779	763	16
	1,635	1,605	30
	410	352	58
	332	265	67
	110	109	1
	647	545	102
	8,743	8,737	6
	32,548	24,657	7,891
	1,260	1,258	2
	3,162	2,913	249
	127	114	13
	34	34
	3,092	2,466	626
	1,059	1,012	47
	555	613	-58
	706	873	-167
	76	75	1
	841	1,292	-451
	540	831	-291
	1,017	512	505
	2,034	2,152	-118
	663	1,075	-412
	884	1,394	-510
	663	1,075	-412
	992	1,027	-35
	992	988	4
	9,573	8,745	828
	2,417	2,449	-32
	8,638	7,411	1,227
	127	114	13
	3,430	3,274	156
	6,478	7,800	-1,322
	320	328	-8
	383	212	171
	2,055	2,480	-425
	193	248	-55
	64	93	-29
	835	841	-6
	567	449	118
	249	359	-110
	1,225	674	551
	1,348	1,022	326
	652	1,019	-367
	683	371	312
	861	464	397
	1,541	1,270	271
	1,250	1,108	142
	980	674	306
	604	451	153
	528	468	60
	989	1,492	-503
	977	541	436
	912	827	85
	230	214	16
	1,656	1,635	21
	2,071	2,582	-511
	1,035	1,291	-256
	4,401	3,901	500
	183	174	9
	183	242	-59
	2,567	3,415	-848
	1,651	1,729	-78
	1,821	1,629	192
	978	1,179	-201
	2,019	2,434	-415
	2,201	4,014	-1,813
	803	1,785	-982
	777	1,386	-609
	52	96	-44
	52	94	-42
	285	467	-182
	932	1,160	-228
	3,895	3,652	243
	1,918	2,201	-283
	555	553	2
	602	653	-51
	1,130	1,225	-95
	1,920	2,117	-197
	2,273	2,819	-546
	1,725	2,309	-584
	1,612	2,789	-1,177
	1,209	1,817	-608
	2,160	2,302	-142
	4,802	7,281	-2,479
	820	1,243	-423
	234	348	-114
	644	1,016	-372
	1,230	1,797	-567
	1,919	2,345	-426
	2,319	2,834	-515
	2,979	2,997	-18
	826	1,062	-236
	1,006	1,356	-350
	72	90	-18
	657	1,093	-436
	986	1,568	-582
	39	39
	1,051	1,262	-211
	637	709	-72
	1,279	1,835	-556
	1,838	2,568	-730
	693	869	-176
	2,050	2,714	-664
	433	412	21
	1,185	1,157	28
	1,444	1,572	-128
	1,369	1,541	-172
	13,855	12,254	1,601
	6,716	5,822	894
	6,716	6,015	701
	9	7	2
	1,232	2,548	-1,316
	493	991	-498
	1,554	3,228	-1,674
	1,687	2,134	-447
	926	1,411	-485
	3,334	5,373	-2,039
	886	1,180	-294
	1,005	986	19
	997	676	321
	2,766	4,085	-1,319
	221	225	-4
	1,983	2,053	-70
	2,983	2,997	-14
	97	97
	35	35
			17,114

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			3,512
b			-162
c			43
d			901
e			844
			1,589
			898
			-81
			1,258
			-9
			-151
			243
			-26

			365
			587
			1,478
			1,281
			68
			2,239
			311
			1,744
			1,708
			541
			1,698
			-18
			825
			196
			-373
			-11
			-23
			-1,115
			-4
			10
			14
			84
			-29
			979
			84
			2,413
			-6
			160
			72
			31
			166
			648
			245
			704
			1,388
			603
			316
			19
			91
			114
			78
			80
			69
			130
			1,034
			99
			97
			220
			25
			141
			123
			281
			711
			90
			-24
			-42
			6
			924
			42
			1,124
			157
			918
			362
			3,264
			1,587
			4,598
			104
			2,490
			21,712
			20,535
			942
			6,765
			2
			229
			-126
			-24
			-186
			-119
			-107
			-55
			-39
			480
			-590
			-496
			-15
			-20
			720
			990
			1,192
			-4
			-63
			-49
			-135
			-26
			275
			91
			-2,888
			-246
			-76
			-153
			-136

			-50
			-812
			-2,414
			-199
			1,634
			226
			187
			34
			2,088
			56
			60
			-607
			-47
			-94
			442
			-290
			-1,126
			573
			1,490
			1,168
			1,199
			-1
			24
			207
			58
			65

			-24
			-182
			-29
			1
			538
			11
			-2,219
			-121
			-1,273
			-86

			16
			52
			-385

			18

			95
			3
			-344
			527
			2,509
			1,463
			907
			176
			694
			208
			-97

			-41
			1,369
			7
			82
			-4,305
			-1,862
			-54
			-190
			26

			429
			1,408
			1,849
			1,193
			716
			939
			890
			-1,423
			-355
			-296
			327
			1,016
			20
			1,112
			154
			-16
			92
			647
			-281
			-125
			1,069
			-104
			-36
			-474
			822
			-6
			135
			41
			199
			14
			1,138
			548
			362
			1,486
			147
			132
			2,234
			633
			374
			-27
			517
			1,071
			1,916
			28
			-111
			-99
			675
			407
			236
			2,205
			205
			1,361
			224
			1,142
			-113
			539
			-104
			2,316
			1,220
			1,107
			370
			663
			473
			50
			114
			87
			4
			629
			808
			779
			-595
			1,087
			4
			185
			-13

			-91
			316
			2,237
			-3
			497
			625
			248
			145
			4
			282
			66
			407
			756
			1,708
			1,789
			3
			355
			-200
			1,918
			818
			17
			563
			362
			1
			760
			1,038
			-78
			285
			841
			-452
			-292
			217
			1,346
			7,685
			89
			14
			43
			50
			879
			-34
			38
			1,033
			322
			268

			-689
			-80
			-56
			550
			-47
			-16
			123
			-32
			-1,733
			-154
			412
			387
			-161
			-14
			248
			-886
			-176
			335
			-16
			1,205
			422
			-68
			-33

			-44
			-51
			-218
			-188
			-152
			-78
			-124
			-74
			51
			985
			557
			1,794
			975
			274


			-16
			-17
			-110
			-12
			-7
			-749
			-397
			-22
			887
			121
			506
			1,142
			-7
			30
			11
			-13
			184
			-67
			28
			8
			-35
			96
			13
			46
			50
			-97
			-21
			153
			3
			-2
			19
			64
			66

			8

			-188

			83
			120
			39
			102
			2
			48
			119
			-26
			-22
			-5
			30
			-9

			-162

			-32
			70
			-5
			102
			49
			95
			-17
			376
			9
			16
			30
			58
			67
			1
			102
			6
			7,891
			2
			249
			13

			626
			47
			-58
			-167
			1
			-451
			-291
			505
			-118
			-412
			-510
			-412
			-35
			4
			828
			-32
			1,227
			13
			156
			-1,322
			-8
			171
			-425
			-55
			-29
			-6
			118
			-110
			551
			326
			-367
			312
			397
			271
			142
			306
			153
			60
			-503
			436
			85
			16
			21
			-511
			-256
			500
			9
			-59
			-848
			-78
			192
			-201
			-415
			-1,813
			-982
			-609
			-44
			-42
			-182
			-228
			243
			-283
			2
			-51
			-95
			-197
			-546
			-584
			-1,177
			-608
			-142
			-2,479
			-423
			-114
			-372
			-567
			-426
			-515
			-18
			-236
			-350
			-18
			-436
			-582

			-211
			-72
			-556
			-730
			-176
			-664
			21
			28
			-128
			-172
			1,601
			894
			701
			2
			-1,316
			-498
			-1,674
			-447
			-485
			-2,039
			-294
			19
			321
			-1,319
			-4
			-70
			-14

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	177,166
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	184,913	3,281,216	0.056355
2016	190,084	3,029,748	0.062739
2015	206,448	4,510,573	0.04577
2014	200,669	3,505,869	0.057238
2013	195,159	3,399,171	0.057414

Total of line 1, column (d) .....................

0.279516

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.055903

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

3,331,066

Multiply line 4 by line 3......................

186,217

Enter 1% of net investment income (1% of Part I, line 27b)...........

2,620

Add lines 5 and 6........................

188,837

Enter qualifying distributions from Part XII, line 4,.............

180,401

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	5,240
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	5,240
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	5,240
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	5,857
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,857
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	617
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	Refunded	11	617

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

UST-ML A DIVISION OF BANK OF AMERICA NA Telephone no. bullet

(609) 274-6834

Located at bullet

1300 MERRILL LYNCH DRIVEPENNINGTONNJ ZIP+4 bullet

085341501

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
UST-ML A DIVISION OF BANK OF AMERI CA NA	TRUSTEE 2	957
PO Box 1501 NJ2-130-03-31 Pennington,NJ085341501	TRUSTEE 2	957

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,247,237

Average of monthly cash balances.......................

134,556

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,381,793

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,381,793

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

50,727

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,331,066

Minimum investment return. Enter 5% of line 5..................

166,553

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

166,553

Tax on investment income for 2018 from Part VI, line 5......

5,240

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,240

Distributable amount before adjustments. Subtract line 2c from line 1............

161,313

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

161,313

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

161,313

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

180,401

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

180,401

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

180,401

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					161,313
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:2016, 2015, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	28,003
b From 2014......	27,425
c From 2015......	0
d From 2016......	40,115
e From 2017......	26,709
fTotal of lines 3a through e........		122,252
4Qualifying distributions for 2018 from Part
XII, line 4: $ 180,401
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					161,313
e Remaining amount distributed out of corpus		19,088
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		141,340
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		28,003
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		113,337
10 Analysis of line 9:
a Excess from 2014....	27,425
b Excess from 2015....	0
c Excess from 2016....	40,115
d Excess from 2017....	26,709
e Excess from 2018....	19,088

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SPRINGFIELD MUSEUMS CORPORATIO 21 EDWARDS STREET SPRINGFIELD,MA011031548	NONE	PC	GENERAL OPERATING	179,792
Total ................................. 3a				179,792

bApproved for future payment

Total ................................. 3b

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	88,305
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	177,166
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aMUTUAL FUND REBATE			1	2,995
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				268,466

13Total. Add line 12, columns (b), (d), and (e)..................

268,466

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
02209SAN3 ALTRIA GROUP INC	2,013	1,920
05574LFY9 BNP PARIBAS	1,942	1,965
20030NBX8 COMCAST CORP	3,000	2,925
26441CAN5 DUKE ENERGY CORP	1,993	2,003
29273RBD0 ENERGY TRANSFER PART	1,910	1,877
30219GAM0 EXPRESS SCRIPTS HOLD	2,098	2,027
404280AK5 HSBC HOLDINGS PLC	2,108	2,068
24422ETG4 JOHN DEERE CAPITAL C	3,039	2,933
38148YAC2 GOLDMAN SACHS GROUP	3,005	2,914
690742AB7 OWENS CORNING INC	1,140	1,106
912828QN3 U.S. TREASURY NOTE	11,337	11,163
92857WBJ8 VODAFONE GROUP PLC	2,004	1,976
10373QAJ9 BP CAP MARKETS AMERI	1,981	1,983
12189TBC7 BURLINGTN NORTH SANT	3,055	3,037
172967KJ9 CITIGROUP INC	2,000	1,974
31359MGK3 FEDERAL NATL MTG ASS	5,452	5,362
373298BR8 GEORGIA PAC CORP	1,281	1,337
686330AH4 ORIX CORP	2,012	1,954
912810RT7 U.S. TREASURY BOND	956	855
912810SA7 U.S. TREASURY BOND	2,936	2,984
92343VCQ5 VERIZON COMMUNICATIO	1,897	1,928
00287YAQ2 ABBVIE INC	959	959
459200HF1 IBM CORP	2,740	2,695
78012KNL7 ROYAL BANK OF CANADA	1,998	1,993
90131HBG9 21ST CENTY FOX AMER	1,168	1,248
912810RJ9 U.S. TREASURY BOND	3,000	2,995
912828R77 U.S. TREASURY NOTE	3,021	2,923
94974BGA2 WELLS FARGO & COMPAN	3,053	2,902
172967JT9 CITIGROUP INC	2,025	1,957
25152R2X0 DEUTSCHE BANK AG	1,994	1,936
25746UBH1 DOMINION RESOURCES I	2,035	2,022
36962G4B7 GENERAL ELEC CAP COR	2,670	2,091
46647PAU0 JPMORGAN CHASE & CO	2,998	3,005
61746BDQ6 MORGAN STANLEY	2,975	2,986
87165BAB9 SYNCHRONY FINANCIAL	3,004	2,980
912810RM2 U.S. TREASURY BOND	4,001	3,992
9128284P2 U.S. TREASURY NOTE	5,978	6,019
913017DB2 UNITED TECHNOLOGIES	994	996
037833AZ3 APPLE INC	2,826	2,833
06367TJX9 BANK OF MONTREAL	1,982	1,932
06406HCS6 BANK OF NEW YORK MEL	3,081	3,006
3140GYGZ6 FNMA PBH9215 03 50%	7,580	7,588
912810RU4 U.S. TREASURY BOND	7,885	7,778
961214DQ3 WESTPAC BANKING CORP	1,994	1,939
035242AP1 ANHEUSER-BUSCH INBEV	3,074	2,828
036752AG8 ANTHEM INC	2,012	1,960
14040HBT1 CAPITAL ONE FINANCIA	2,999	2,837
855244AQ2 STARBUCKS CORP	1,989	1,978
90131HAQ8 21ST CENTY FOX AMER	2,075	2,053
912828T34 U.S. TREASURY NOTE	1,986	1,929
046353AL2 ASTRAZENECA PLC	2,010	1,933
126650CX6 CVS HEALTH CORP	2,977	2,933
494550BS4 KINDER MORGAN ENER P	2,011	1,982
912810QT8 U.S. TREASURY BOND	3,100	3,072
912828WE6 U.S. TREASURY NOTE	2,011	2,022
928563AB1 VMWARE INC	1,999	1,906
00206RCN0 AT&T INC	940	942
126408HE6 CSX CORP	1,968	1,820
14912L6R7 CATERPILLAR INC	1,994	1,988
26884LAE9 EQT CORP	1,929	1,896
37045XBT2 GENERAL MOTORS FINL	2,076	1,841
58013MEG5 MCDONALD'S CORP	1,003	1,001
581557BJ3 MCKESSON CORP	2,005	1,918
822582AD4 SHELL INTERNATIONAL	2,524	2,527
912810QW1 U.S. TREASURY BOND	9,077	9,010
912828L32 U.S. TREASURY NOTE	7,869	7,849
927804FZ2 VIRGINIA ELEC & POWE	996	1,004

Name of Stock	End of Year Book Value	End of Year Fair Market Value
636274409 NATIONAL GRID PLC SH	11,225	9,692
773903109 ROCKWELL INTL CORP N	14,150	11,737
780259107 ROYAL DUTCH SHEL PLC	11,556	10,549
832696405 SMUCKER J M CO	3,571	3,179
848637104 SPLUNK INC	3,607	5,452
902681105 UGI CORP NEW COM	2,601	3,148
H1467J104 CHUBB LTD	8,805	9,947
09061G101 BIOMARIN PHARMACEUTI	2,884	2,810
29364G103 ENTERGY CORP NEW COM	4,721	4,906
318672706 FIRST BANCORP SHS	6,135	5,564
446413106 HUNTINGTON INGALLS I	4,473	3,997
60786M105 MOELIS & COMPANY SHS	5,712	5,226
66987V109 NOVARTIS AG SPNSRD A	15,833	15,532
750236101 RADIAN GROUP INC	6,244	6,102
756109104 REALTY INCOME CORP	3,126	2,963
78440P108 SK TELECOM LTD SPON	8,647	8,630
78573M104 SABRE CORP SHS	4,972	4,328
G0176J109 ALLEGION PLC SHS	6,263	7,652
G9078F107 TRITON INTL LTD SHS	6,110	5,779
N07059210 ASML HLDG NV NY REG	6,093	5,914
151290889 CEMEX S A	9,315	5,548
169426103 CHINA TELECOM CORP L	7,054	7,153
291011104 EMERSON ELECTRIC COM	11,115	10,875
438128308 HONDA MOTOR ADR NEW	2,205	2,037
448579102 HYATT HOTELS CORP	3,158	3,110
60687Y109 MIZUHO FINL GROUP IN	7,325	6,138
64110D104 NETAPP INC	5,227	4,475
742718109 PROCTER & GAMBLE CO	12,576	13,145
7591EP100 REGIONS FINL CORP NE	2,857	3,037
78410G104 SBA COMMUNICATIONS C	3,384	4,371
835699307 SONY CORP ADR AMERN	8,053	11,346
884903709 THOMSON REUTERS CORP	5,984	6,570
904784709 UNILEVER NV NY SHARE	12,818	12,535
98936J101 ZENDESK INC SHS	6,114	6,654
G47567105 IHS MARKIT LTD SHS	6,416	5,996
01609W102 ALIBABA GROUP HOLDIN	12,277	9,047
046353108 ASTRAZENECA PLC SPON	5,994	6,760
059460303 BANCO BRADESCO S A	6,188	7,131
08579W103 BERRY PLASTICS GROUP	3,755	4,563
103304101 BOYD GAMING CORP COM	8,557	4,946
225401108 CREDIT SUISSE GROUP	7,758	5,549
232806109 CYPRESS SEMICONDUCTO	3,214	3,091
27579R104 EAST WEST BANCORP IN	1,432	1,349
363576109 GALLAGHER ARTHUR J &	4,685	4,569
500255104 KOHLS CORP	4,558	4,179
50187A107 LHC GROUP INC	4,444	6,290
431475102 HILL ROM HLDGS	9,687	10,449
550021109 LULULEMON ATHLETICA	6,379	5,594
684060106 ORANGE SA	16,455	15,769
74435K204 PRUDENTIAL PLC ADR	16,727	14,148
803054204 SAP AKTIENGESELLSCHA	6,857	7,367
816300107 SELECTIVE INS GROUP	3,755	6,155
891160509 TORONTO-DOMINION BAN	13,724	14,767
91879Q109 VAIL RESORTS INC	3,398	3,162
P31076105 COPA HOLDINGS S A CL	7,900	6,376
000375204 ABB LTD	15,427	12,318
02156B103 ALTERYX INC COM	6,225	6,006
02209S103 ALTRIA GROUP INC	11,921	9,878
05351W103 AVANGRID INC SHS	3,187	3,306
136385101 CANADIAN NAT RES LTD	16,956	13,103
148806102 CATALENT INC SHS	6,087	5,332
16941M109 CHINA MOBILE HONG KO	7,437	7,104
260003108 DOVER CORPORATION	3,067	2,838
29082A107 EMBRAER S A SPONSRD	6,161	6,683
369550108 GENERAL DYNAMICS COR	3,550	3,144
500472303 KONINKLIJKE PHILIPS	8,683	7,478
744573106 PUBLIC SERVICE ENTER	3,128	2,967
80105N105 SANOFI-SYNTHELABO	16,673	16,279
817565104 SERVICE CORP INTERNA	4,550	5,194
848577102 SPIRIT AIRLS INC COM	5,981	7,124
874039100 TAIWAN SEMICONDUCTOR	10,427	9,412
907818108 UNION PACIFIC CORP	3,561	3,318
00766T100 AECOM TECH CORP	1,708	1,352
10316T104 BOX INC	5,627	4,423
16941R108 CHINA PETE & CHEM CO	5,709	5,507
36197T103 GW PHARMACEUTICALS P	3,078	4,480
404280406 HSBC HLDGS PLC	15,595	13,936
42809H107 HESS CORP	5,049	3,159
443573100 HUBSPOT INC	3,556	5,784
456837103 ING GROEP N V SPONSO	6,729	5,415
65339F101 NEXTERA ENERGY INC S	12,058	12,689
670100205 NOVO NORDISK A/S ADR	8,120	7,463
755111507 RAYTHEON CO	3,632	3,067
86562M209 SUMITOMO MITSUI-UNSP	12,680	10,657
882508104 TEXAS INSTRUMENTS IN	9,991	11,718
90138F102 TWILIO INC CL A	2,748	2,679
949746804 WELLS FARGO & CO NEW	32,770	32,809
03152W109 AMICUS THERAPEUTICS	8,707	5,537
05534B760 BCE INC	8,049	6,878
12504L109 CBRE GROUP INC	4,424	4,885
12541W209 CH ROBINSON WORLDWID	11,169	11,857
23283R100 CYRUSONE INC	13,840	12,480
237194105 DARDEN RESTAURANTS I	12,787	11,584
25243Q205 DIAGEO PLC SPON ADR	10,397	12,762
25470F104 DISCOVERY COMMUNICAT	3,244	2,474
44919P508 IAC INTERACTIVECORP	1,203	1,647
45073V108 ITT INC SHS	5,494	5,599
469814107 JACOBS ENGR GROUP IN	1,607	1,462
48242W106 KBR INC	5,787	4,675
553573106 MADISON (THE) SQUARE	5,647	6,126
606822104 MITSUBISHI UFJ FINL	11,758	9,243
74624M102 PURE STORAGE INC SHS	5,877	4,776
775109200 ROGERS COMMUNICATION	9,619	9,432
89151E109 TOTAL FINA ELF S.A.	6,130	6,262
918204108 V F CORPORATION COM	14,541	11,343
N00985106 AERCAP HOLDINGS N.V.	4,330	3,960
00912X302 AIR LEASE CORP CL A	5,272	4,894
063671101 BANK MONTREAL QUE	6,948	5,882
064149107 BANK OF NOVA SCOTIA	8,113	6,483
088606108 BHP BILLITON LIMITED	13,739	15,887
15135B101 CENTENE CORP DEL	3,409	4,266
159864107 CHARLES RIV LABORATO	3,934	5,433
171779309 CIENA CORP	4,981	6,443
446150104 HUNTINGTON BANCSHARE	2,460	2,789
647581107 NEW ORIENTAL EDUCATI	9,148	6,029
693483109 POSCO	5,920	5,714
767204100 RIO TINTO PLC SPON A	7,937	7,078
82028K200 SHAW COMMUNICATIONS	7,506	6,657
858119100 STEEL DYNAMICS INC	2,057	1,772
867224107 SUNCOR ENERGY INC NE	6,447	5,678
989701107 ZIONS BANCORP NA	3,580	2,770
G25839104 COCA-COLA EUROPEAN	20,765	23,567
00846U101 AGILENT TECHNOLOGIES	2,824	3,508
05550J101 BJ S WHOLESALE CLUB	6,124	5,496
205887102 CONAGRA FOODS INC	4,506	2,777
32008D106 FIRST DATA CORPORATI	2,349	2,435
393657101 GREENBRIER COS INC	5,271	5,022

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
72201M719 PIMCO INCOME FUND CL	AT COST	131,738	128,155
92189F643 VANECK VECTORS	AT COST	409,599	443,277
543495741 LOOMIS SAYLES	AT COST	140,116	129,964
922042858 VANGUARD INTL EQTY I	AT COST	154,568	161,239
317609295 SEAFARER OVERSEAS GR	AT COST	186,641	144,964
543495758 LOOMIS SAYLES HI INC	AT COST	22,225	21,254
88166L876 TETON WESTWOOD MIGHT	AT COST	65,373	56,116
360873137 GOTHAM ABSOLUTE RETU	AT COST	163,049	153,919
92189F437 VANECK VECTORS FALLE	AT COST	162,532	150,259
92189F593 VANECK VECTORS	AT COST	356,833	300,673
32008F200 FIRST EAGLE SOGEN FD	AT COST	160,534	150,160

Category	Amount	Net Investment Income
FOREIGN TAXES	3,031	3,031
FEDERAL TAX PAYMENT - PRIOR YE	5,097	0
FEDERAL ESTIMATES - PRINCIPAL	5,857	0
FOREIGN TAXES ON NONQUALIFIED	923	923

Description	Amount
PURCHASE OF ACCRUED INTEREST C/O TO NEXT	61
MUTUAL FUND TIMING DIFFERENCE	82
COST BASIS ADJUSTMENT	2,039

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
STATE TAXES/FILING FEES	35	0	35
INVESTMENT EXPENSES-DIVIDEND I	25	25	0
OTHER INVESTMENT EXPENSES	256	256	0