| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| DELL | 19,905 | 20,000 |
| GOLDMAN SACHS GR | 45,050 | 44,386 |
| ROYAL BNAK CANADA | 25,025 | 24,339 |
| CCO HLDGS LLC | 9,525 | 9,950 |
| DELL INC | 14,935 | 15,000 |
| GOLDMANSACHS GR | 45,050 | 44,386 |
| ROYAL BANK CANADA | 15,025 | 14,603 |
| RYDER SYSTEM | 10,062 | 9,999 |
| AUTO DESK | 25,567 | 24,604 |
| JOHN DEERE | 25,275 | 24,799 |
| AMERICAN EXPRESS | 18,525 | 19,700 |
| AUTODESK | 25,567 | 24,604 |
| CITIGROUP | 34,903 | 34,457 |
| JOHN DEERE | 25,275 | 24,799 |
| BARCLAYS BANK PLC | 60,050 | 59,407 |
| CREDIT SUISSE AG 2%/20F | 25,025 | 24,683 |
| WELLS FARGO BK 4.125% 23 | 21,223 | 20,118 |
| BANK OF ANERICA C VAR 20 8/17/20 | 25,539 | 25,371 |
| BARCLAYS BANK PLC | 50,050 | 49,506 |
| CREDIT SUISSE AG 2%/20F 9/29/20 | 25,025 | 24,682 |
| GEN MOTORS FINL | 35,025 | 34,298 |
| WELLS FARGO KL | 21,223 | 20,118 |
| GS VAR 28 | 24,963 | 25,188 |
| GS FIN CORP MEDIU VAR 28 | 19,975 | 20,151 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 32,969 | 38,020 |
| COCA COLA | 26,163 | 47,350 |
| CORNING | 35,919 | 60,420 |
| CUI GLOBAL INC | 103,662 | 21,525 |
| DUPONT | 41,953 | 66,850 |
| EMERSON | 22,744 | 29,875 |
| HUDSON | 28,800 | 13,350 |
| INTERWORKING INC | 49,889 | 28,050 |
| JOHNSON AND JOHNSON | 29,793 | 64,525 |
| MICROSOFT | 26,770 | 101,570 |
| WALT DISNEY | 17,414 | 65,790 |
| CORNING | 22,453 | 37,763 |
| CUI GLOBAL INC | 51,151 | 9,225 |
| DDOWDUPONT (MERGE) | 34,585 | 40,110 |
| HUDSON TECHNOLOGIES | 21,751 | 4,450 |
| AEGON | 20,269 | 23,250 |
| CALLAWAY GOLF | 16,090 | 22,950 |
| FRONTIER COMM | 37,416 | 1,190 |
| GLAXOSMITHKLINE | 58,359 | 57,315 |
| QUALCOMM | 51,080 | 56,910 |
| AEGON | 10,517 | 11,625 |
| BLUE CAP REINSURANCE | 28,640 | 11,000 |
| CALLAWAY GOLF | 16,096 | 22,950 |
| CALLON PETROLEUM | 21,392 | 12,980 |
| GLAXOSMITHKLINE | 38,909 | 38,210 |
| QUALCOMM | 38,553 | 42,683 |
| BANK OF NY MELLON CO:BK | 27,583 | 23,535 |
| CELGENE CORP | 54,227 | 32,045 |
| COVANTA HOLDING CORP | 36,226 | 33,550 |
| CYPRESS SEMICONDUCTUCTOR | 40,739 | 41,340 |
| DASEKE INC | 59,659 | 22,080 |
| ENZO BIOCHEM INC | 66,686 | 20,850 |
| JP MORGAN CHASE & CO | 33,723 | 39,048 |
| MACQUARIE INFRASRTUC: MIC | 75,406 | 45,700 |
| SEAGATE TECHNOLOGY | 51,255 | 57,885 |
| VODAFONE GROUP | 57,037 | 43,380 |
| BANK OF NY MELLON CO:BK | 27,583 | 23,535 |
| CELGENE CORP | 54,227 | 32,045 |
| COVANTA HOLDING CORP | 36,226 | 33,550 |
| CYPRESS SEMICONDUCTUCTOR | 31,910 | 31,800 |
| DASEKE INC | 40,038 | 14,720 |
| ENZO BIOCHEM INC | 46,655 | 13,900 |
| JPMORGAN CHASE | 25,294 | 29,286 |
| KNOWLES CORPORATION | 37,881 | 33,275 |
| MACQUARIE INFRASTRUC: MIC | 48,900 | 27,420 |
| ORBCOMM INC | 47,474 | 41,300 |
| SEAGATE TECHNOLOGY | 25,629 | 28,943 |
| VALLEY NATIONA | 25,025 | 22,710 |
| VODAFONE GROUP | 38,028 | 28,920 |
| AIR LEASE CORP | 66,375 | 45,315 |
| IBM CORP | 56,243 | 39,785 |
| METLIFE INC | 49,900 | 41,060 |
| SPROTT PHYSICAL GOLD | 35,988 | 37,620 |
| TECH TARGET INC: TTGT | 35,456 | 21,368 |
| BEACON ROOFING SUPPL | 16,500 | 12,688 |
| FEDEX CORP | 23,334 | 16,133 |
| IBM CORP | 36,522 | 25,576 |
| MAGNOLIA OIL & GAS CORP | 29,063 | 28,025 |
| SPROTT PHYSICAL GOLD & S | 20,747 | 21,945 |
| US BARNCORP | 25,055 | 22,850 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GLADSTONE LAND CORP | AT COST | 31,214 | 34,440 |
| DWS FLOATING RATE | AT COST | 42,955 | 36,468 |
| LORD ABBETT SHORT | AT COST | 88,588 | 83,550 |
| CENTER COAST MLP FOCUS | AT COST | 35,351 | 23,105 |
| FEDERAL HOME LOAN 0.75% | AT COST | 25,025 | 24,750 |
| FEDERAL HOME LOAN MTG 0.875% | AT COST | 25,013 | 24,936 |
| FEDERAL FARM 1.35% | AT COST | 10,025 | 9,920 |
| FEDERAL HOME LOAN 1% | AT COST | 25,025 | 24,847 |
| FEDERAL HOME LOAN 0.75% | AT COST | 25,025 | 24,750 |
| FEDERAL HOME LOAN M 0.875% | AT COST | 25,013 | 24,936 |
| FEDERAL FARM 1.35% | AT COST | 10,025 | 9,920 |
| FEDERAL HOME LN MTG 1% | AT COST | 25,025 | 24,847 |
| FEDERAL HOME LOAN MTG 2% | AT COST | 25,025 | 24,724 |
| DISCOVER BK | AT COST | 25,025 | 24,485 |
| FEDERAL HOME LN M 2% | AT COST | 25,025 | 24,725 |
| FED 2%/21 | AT COST | 25,025 | 24,568 |
| DISCOVER BK | AT COST | 25,025 | 24,485 |
| FEDERAL NATL MTG 2.55% | AT COST | 19,631 | 19,743 |
| FEDERAL FARM CR 2.04% | AT COST | 9,487 | 9,544 |
| FRM CREDIT SYST | AT COST | 10,025 | 10,044 |
| DISCOVER BK 2.5%21 | AT COST | 20,025 | 19,723 |
| WELLS FARGO BANK 2.5%20 CD FDIC INS DUE 07/31/20 | AT COST | 25,025 | 24,994 |
| FEDERAL NATL MTG 2.55% | AT COST | 14,729 | 14,807 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEPOSITS IN TRANSIT | 225,000 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | 24,019 | 24,019 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 8,641 | 0 | 0 | |
| FOREIGN TAX PAID | 958 | 958 | 0 |