| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,615 | 0 | 0 | 2,615 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CAPITAL INCOME BUILDER FUND CLASS A | FMV | 65,000 | 95,450 |
| EATON VANCE GLOBAL MACRO ABSOLUTE FUND | FMV | 25,000 | 20,540 |
| FEDERATED INTERNATIONAL LEADER FUND | FMV | 30,000 | 32,156 |
| FEDERATED PRUDENT BEAR FUND | FMV | 16,407 | 5,376 |
| IVA INTERNATIONAL FUND CLASS C | FMV | 13,939 | 12,263 |
| IVY PACIFIC OPPORTUNITES FUND CLASS A | FMV | 15,000 | 17,490 |
| HIGHLAND TOTAL RETURN A | FMV | 35,000 | 39,324 |
| WELLS FARGO ADVANTAGE ASSET | FMV | 85,000 | 102,350 |
| VANGUARD CONSM STPLES ET EFT | FMV | 12,795 | 11,805 |
| VANGUARD UTILITES ETF | FMV | 13,767 | 13,550 |
| AAM BAHL & GAYNOR INC GW I | FMV | 38,500 | 39,887 |
| AMG YACKTMAN I | FMV | 19,000 | 15,274 |
| BAIRD CORE PLUS BOND INSTL | FMV | 14,000 | 13,458 |
| CLEARBRIDGE LARGE CAP VAL I | FMV | 25,000 | 22,138 |
| DIAMOND HILL LONG-SHORT I | FMV | 16,000 | 14,319 |
| INVESCO CONSERVATIVE INC INST | FMV | 13,500 | 13,473 |
| INVESCO DIVERSIFIED DIVIDEND Y | FMV | 31,000 | 27,116 |
| INVESCO EQUAL WGHTD S&p 500 | FMV | 12,400 | 11,235 |
| PERMANENT PORTOLIO INC | FMV | 19,200 | 17,015 |
| PUTNAM ABSOLUTE RET 500 Y | FMV | 15,450 | 13,079 |
| WELLS FARGO ADJ RT GOV INST | FMV | 16,000 | 15,925 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 3,374 | 3,374 | 3,374 | 0 |
| REGISTRATION FEES | 30 | 30 | 30 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 143 | 143 | 143 | |
| FOREIGN TAXES | 204 | 204 | 204 |