| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,300 | 1,850 | 2,450 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLIANZGI CONV & 5.5% | 150,000 | 137,521 |
| BANK OF AMERICA 6% | 150,000 | 150,600 |
| BERKLEY WR CORP 5.7% | 150,000 | 132,300 |
| CMS ENERGY 5.625% | 150,000 | 142,200 |
| FIRST REPUBLIC BANK PFD FXD 5.50% | 150,000 | 133,320 |
| METLIFE INC 5.625% | 154,446 | 141,300 |
| AT&T INC 5.35% | 153,961 | 133,560 |
| BUCKEYE PARTNERS 6.375% | 151,264 | 122,002 |
| HUNTINGTON BANCSHARES | 153,857 | 133,125 |
| APOLLO MGNT 6.375% | 150,000 | 133,080 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF NY MELLON | 21,038 | 47,070 |
| BARRICK GOLD CORP | 28,839 | 13,540 |
| BERKSHIRE HATHAWAY - B | 37,322 | 106,174 |
| CITIGROUP INC | 13,944 | 29,414 |
| DISH NETWORK | 4,276 | 10,612 |
| GOLDMAN SACHS GROUP | 16,151 | 21,716 |
| JP MORGAN CHASE | 16,323 | 46,858 |
| APPLE INC | 12,218 | 23,661 |
| TWENTY-FIRST CENTURY FOX | 27,098 | 43,958 |
| KINROSS GOLD CORP | 10,591 | 7,452 |
| T-MOBILE US | 22,047 | 48,662 |
| CONTINENTAL BUILDING PRODUCTS INC | 12,630 | 19,088 |
| GENERAL MOTORS CO | 34,814 | 33,450 |
| VANECK VECTORS ETF GOLD | 16,940 | 16,872 |
| ALPHABET INC-VOTING | 15,312 | 52,248 |
| ALPHABET INC-NON-VOTING | 61,651 | 119,095 |
| PACKING CORP OF AMERICA | 30,429 | 45,486 |
| SPIRIT AIRLINES INC | 39,145 | 53,576 |
| TRINSEO SA | 18,295 | 16,023 |
| BCE INC | 30,744 | 31,624 |
| BECTON DICKINSON & CO | 30,677 | 49,570 |
| COLGATE-PALMOLIVE CO | 38,674 | 35,712 |
| EATON CORP | 24,616 | 34,330 |
| JOHNSON & JOHNSON | 31,811 | 41,941 |
| L-3 COMMUNICATIONS HLDGS INC | 29,270 | 43,415 |
| LOWES COMPANIES INC | 34,690 | 46,180 |
| MASTERCARD INC | 25,614 | 51,879 |
| MCDONALDS CORP | 29,081 | 44,392 |
| MICROSOFT CORP | 28,198 | 50,786 |
| NESTLE S A REG ADR | 40,977 | 42,504 |
| PEPSICO INCORPORATED | 31,004 | 36,458 |
| PFIZER INC | 36,211 | 51,289 |
| PNC FINANCIAL SERVICES | 29,546 | 40,919 |
| REPUBLIC SERVICES INC | 30,399 | 50,463 |
| THERMO FISHER SCIENTIFIC | 30,969 | 49,234 |
| UNILEVER NV | 35,158 | 45,730 |
| UNITED PARCEL SERVICES-B | 34,386 | 35,111 |
| WELLS FARGO & CO | 33,702 | 32,256 |
| US TREASURY BILL | 69,487 | 69,932 |
| DOLLAR TREE STORES INC | 41,327 | 53,289 |
| LINAMAR CORP | 19,807 | 14,829 |
| CHARTER COMMUNICATIONS INC | 58,592 | 52,719 |
| DISCOVER FINANCIAL | 12,863 | 11,796 |
| NEXEO SOLUTIONS INC | 6,079 | 6,872 |
| LAFARGEHOLCIM LTD | 28,414 | 20,475 |
| ORACLE CORP | 37,058 | 36,120 |
| BANK OF AMERICA CORP | 15,059 | 15,277 |
| COMCAST CORP | 38,737 | 37,455 |
| DESPEGAR.COM CORP | 22,534 | 16,133 |
| EAGLE MATERIALS INC | 21,423 | 18,614 |
| FACEBOOK INC | 27,792 | 23,593 |
| GENERAL ELECTRIC COMPANY | 7,080 | 6,434 |
| KINDER MORGAN INC DEL | 26,451 | 22,301 |
| LIBERTY BROADBAND CORP | 34,017 | 28,724 |
| NVR INC | 10,607 | 12,185 |
| RANGE RESOURCES CORP | 17,682 | 11,005 |
| CHEVRON CORPORATION | 28,517 | 27,198 |
| DOWDUPONT INC | 36,593 | 26,740 |
| LINDE PLC | 44,131 | 42,131 |
| TE CONNECTIVITY LTD | 22,478 | 22,689 |
| TEXAS INSTRUMENTS INC | 24,473 | 23,625 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ANNUAL MEETING | 1,176 | 588 | 588 | |
| MISCELLANEOUS EXPENSE | 1,000 | 1,000 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 27,565 | 27,565 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 785 | 785 | 0 | |
| EXCISE TAXES | 2,195 | 0 | 0 |