| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 7,000 | 350 | 6,650 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| 990-PF PART II LINE 10 | BOOK VALUE OF ALL OF THE ORGANIZATION'S INVESTMENTS ARE RECORDED AT COST UNLESS OTHERWISE INDICATED. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC SHS | 49,045 | 54,576 |
| ALTRIA GROUP INC | 75,762 | 82,728 |
| AMN ELEC POWER CO | 24,752 | 36,548 |
| ASTRAZENECA PLC SPND ADR | 12,482 | 15,534 |
| AT&T INC COM | 96,828 | 81,967 |
| ATMOS ENERGY CORP COM | 7,295 | 20,398 |
| AVANGRID INC COM | 7,379 | 11,020 |
| B & G FOODS INC | 23,249 | 39,896 |
| BANK OF AMERICA CORP | 12,063 | 20,731 |
| BB&T | 10,306 | 8,664 |
| BCE INC | 47,998 | 40,993 |
| BERKSHIRE B NEW CLASS B | 31,365 | 80,039 |
| BP PLC | 53,010 | 48,803 |
| BRISTOL MYERS SQUIBB | 28,171 | 52,812 |
| BRITISH AMN TOBACO SPADR | 39,199 | 23,226 |
| BROOKFIELD INFRASTRUCTURE | 7,399 | 15,539 |
| CANADIAN IMPERIAL BANK OF COMM | 38,603 | 32,276 |
| CATERPILLAR, INC | 33,811 | 44,475 |
| CHEVRON CORP | 53,075 | 52,328 |
| CINCINNATI FINL CORP COM | 3,678 | 10,452 |
| CISCO SYSTEMS INC | 9,129 | 16,465 |
| COCA COLA COM | 47,952 | 52,606 |
| CONSOLIDATED EDISON, INC | 20,202 | 30,584 |
| CROWN CASTLE REIT INC | 69,864 | 75,715 |
| DEUTSCHE RREEF REAL ESTATE SECS S (RRREX) | 16,723 | 16,015 |
| DOMINION RES INC VA COM | 61,482 | 63,456 |
| DUKE ENERGY | 62,274 | 71,111 |
| EPR PPTYS COM BEN INT | 7,460 | 11,525 |
| EVERSOURCE ENERGY COM | 7,514 | 14,504 |
| EXXON MOBIL CORP | 51,499 | 47,733 |
| GENERAL MILLS | 27,793 | 19,782 |
| GLAXOSMITHKLINE PLC ADR | 54,287 | 47,533 |
| GOPRO INC CL A | 17,305 | 2,120 |
| HUNTINGTON BANCSHARES INC | 7,519 | 5,960 |
| HUNTNGTN BANCSHS INC MD | 13,661 | 11,586 |
| INVESCO LTD | 14,495 | 8,989 |
| ISHARES TR RUSSELL | 32,664 | 34,674 |
| JPMORGAN CHASE | 13,711 | 22,745 |
| KIMBERLY CLARK | 40,295 | 40,791 |
| KRAFT HEINZ COMPANY | 24,341 | 24,877 |
| LAZARD LTD | 4,118 | 3,691 |
| LIBERTY PPTY TR | 29,445 | 42,885 |
| LOCKHEED MARTIN CORP | 12,304 | 15,710 |
| MERCK & CO INC | 10,901 | 14,518 |
| MID-AMER APT CMNTYS INC | 7,709 | 7,178 |
| MONDELEZ INTL INC CL A | 24,426 | 50,038 |
| NATIONAL GRID PLC SP ADR | 56,872 | 35,361 |
| NATIONAL HEALTH INVESTORS INC | 7,448 | 12,842 |
| NATIONAL RETAIL PPTYS INC | 11,302 | 18,919 |
| OCCIDENTAL PETE CORP CAL | 34,311 | 32,102 |
| PACWEST BAN CORP DEL | 7,337 | 4,659 |
| PAYCHEX INC | 7,793 | 16,288 |
| PEPSICO INC | 30,536 | 31,487 |
| PFIZER INCORPORATED | 15,008 | 21,825 |
| PHILIP MORRIS INTL INC | 91,674 | 75,639 |
| PNC FINCL SERVICES GROUP | 14,245 | 12,276 |
| PPL CORPORATION | 35,668 | 30,936 |
| PROCTER & GAMBLE CO | 68,712 | 92,380 |
| PRUDENTIAL FINL INC | 8,313 | 6,524 |
| REALTY INCM CRP MD PV$1. REIT | 10,587 | 14,562 |
| SIX FLAGS ENTMT CORP | 13,665 | 14,464 |
| SOUTHERN COMPANY | 36,494 | 34,960 |
| TOTAL S.A. SP ADR | 22,270 | 21,811 |
| UMPQUA HLDGS CORP | 4,206 | 2,862 |
| UNILEVER PLC SPON ADR | 10,095 | 9,928 |
| UNITED PARCEL SVC CL B | 37,132 | 32,087 |
| VECTOR GROUP LTD | 7,504 | 9,107 |
| VENTAS INC | 34,149 | 33,103 |
| VERIZON COMMUNICATNS COM | 105,647 | 141,281 |
| VISA INC CL A | 12,462 | 21,770 |
| VODAFONE GROUP PLC SHS | 64,183 | 40,295 |
| W P CAREY INC | 13,430 | 14,375 |
| WASHINGTON REAL ESTATE (WRE) | 8,916 | 9,200 |
| WELLTOWER INC | 42,378 | 45,672 |
| XCEL ENERGY INC | 9,946 | 17,737 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ALLIANZ GI STRUCTURED RETURN INSTL | AT COST | 25,731 | 24,775 |
| AMERICAN FD EUROPACIFIC | AT COST | 61,996 | 64,420 |
| AMERICAN FD WA MUTUAL | AT COST | 77,837 | 101,217 |
| BAIRD CORE BOND PLUS INST | AT COST | 55,600 | 54,288 |
| BARON SMALL CAP | AT COST | 47,197 | 44,579 |
| DFA EMERGING MARKETS CORE EQU | AT COST | 40,193 | 34,064 |
| DFA INTERNATIONAL SMALL COMPANY | AT COST | 28,512 | 25,329 |
| DFA LARGE CAP INTL (DFALX) | AT COST | 25,119 | 21,174 |
| DFA REAL ESTATE SECURITIES I | AT COST | 22,848 | 23,935 |
| DFA SHORT TERM EXTENDED | AT COST | 110,581 | 108,349 |
| DFA US LARGE CAP EQUITY INST | AT COST | 13,915 | 17,680 |
| DFA US SMALL CAP I | AT COST | 60,870 | 62,653 |
| FIDELITY ADV STRATEGIC INCOME FD CL I | AT COST | 211,162 | 197,320 |
| FIRST TRUST EXCHANGE TRADED FD IV ENHANCED MATURITY EFT | AT COST | 23,996 | 23,940 |
| FT UNIT 6464 CAP STRENGTH BUY WRITE PORT SER 30 | AT COST | 46,599 | 53,139 |
| FT UNIT 7291 HIGH DIVID EQUITY OPPORTUNITY PORTFOLIO SER 4 | AT COST | 63,595 | 56,939 |
| FT UNIT 7302 S&P INTL DIVID ARISTOCRATS PORT 2Q | AT COST | 63,451 | 59,110 |
| FT UNIT 7420 BIOTECHNOLOGY PORTFOLIO | AT COST | 33,119 | 29,134 |
| FT UNIT 7559 SABRIENT BAKERS DOZEN PORTFOLIO SEPT 2018 | AT COST | 88,193 | 77,986 |
| HUSSMAN STRATEGIC TOTAL RETURN | AT COST | 54,107 | 52,600 |
| INVESCO OPPENHEIMER DEVELOPING MARKETS Y (ODVYX) | AT COST | 20,711 | 20,564 |
| ISHARES FLOATING RATE BOND ETF | AT COST | 66,053 | 65,468 |
| JHANCOCK STRATEGIC INCM | AT COST | 205,317 | 185,644 |
| LAZARD INTL STRATEGIC | AT COST | 44,792 | 40,209 |
| METROPOLITAN WEST TOTAL | AT COST | 127,222 | 121,765 |
| MFS INTL NEW DISCOVERY | AT COST | 82,760 | 92,149 |
| NEUBERGER BERMAN ABSOLUTE RETURN | AT COST | 70,000 | 73,925 |
| PRUDENTIAL SHORT TERM | AT COST | 182,615 | 170,633 |
| SPDR S&P 500 | AT COST | 3,579 | 4,748 |
| T ROWE PRICE EMERGING | AT COST | 54,462 | 55,467 |
| VANECK VECTORS ETF OIL SVCS ETF | AT COST | 48,404 | 21,045 |
| VANGUARD BD INDEX FD VANGUARD TOTAL | AT COST | 39,983 | 38,021 |
| VANGUARD FTSE EMERGING MARKETS ETF | AT COST | 160 | 152 |
| VANGUARD HIGH YIELD CORP INVESTOR CL | AT COST | 108,573 | 103,827 |
| VANGUARD INTL EQUITY INDEX ALL WORLD EX US INDEX ETFS | AT COST | 21,220 | 23,337 |
| VANGUARD SHORT TERM CORP BOND ETF | AT COST | 21,860 | 21,200 |
| VANGUARD SHORT TERM INFLATION PROTECTED SECURITIES ETF | AT COST | 26,358 | 25,158 |
| VANGUARD TAX-MANAGED INTL FD FTSE DEVELOPED MKTS ETF | AT COST | 62,915 | 72,790 |
| VANGUARD WELLESLEY INCOME | AT COST | 111,499 | 113,215 |
| VANGUARD WHITEHALL FDS HIGH DIVIDEND | AT COST | 124,832 | 114,879 |
| WMS CHESTNUT FUND, LP | AT COST | 510,723 | 716,354 |
| WMS FAIRMOUNT FUND, LLC | AT COST | 1,132,117 | 1,617,193 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 12,869 | 643 | 12,226 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DISTRIBUTION RECEIVABLE | 48,281 | 44,698 | 44,698 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS | 223 | 223 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PASSTHROUGH INCOME FROM PARTNERSHIPS | 97,166 | 97,166 | 97,166 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | 62,384 | 62,384 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 2,833 | 2,833 | 0 | |
| INVESTMENT INCOME EXCISE TAX | 10,929 | 0 | 0 |