| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE (NON-ALLOC | 899 | 899 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 87234N765 TCW EMRG MKTS INCM-I | AT COST | 33,943 | 35,857 |
| 81369Y100 AMEX MATERIALS SPDR | AT COST | 3,126 | 4,901 |
| 464287705 ISHARES S&P MIDCAP 4 | AT COST | 18,202 | 38,306 |
| 464287606 ISHARES S&P MIDCAP 4 | AT COST | 17,728 | 39,319 |
| 81369Y407 AMEX CONSUMER DISCR | AT COST | 7,875 | 25,110 |
| 63872T885 ASG GLOBAL ALTERNATI | AT COST | 17,727 | 17,488 |
| 00203H859 AQR MANAGED FUTURES | AT COST | 29,978 | 26,743 |
| 81369Y803 AMEX TECHNOLOGY SELE | AT COST | 12,326 | 40,223 |
| 81369Y704 AMEX INDUSTRIAL SPDR | AT COST | 11,483 | 24,280 |
| 464287226 ISHARES BARCLAYS AGG | AT COST | 52,078 | 53,313 |
| 4812C0803 JPMORGAN HIGH YIELD | AT COST | 16,935 | 17,194 |
| 921937819 VANGUARD INTERMEDIAT | AT COST | 64,722 | 66,937 |
| 81369Y605 AMEX FINANCIAL SELEC | AT COST | 15,278 | 31,103 |
| 464287655 ISHARES RUSSELL 2000 | AT COST | 43,672 | 43,054 |
| 81369Y209 AMEX HEALTH CARE SPD | AT COST | 15,722 | 34,360 |
| 921937827 VANGUARD BD INDEX FD | AT COST | 12,970 | 13,186 |
| 64128R608 NEUBERGER BERMAN LON | AT COST | 16,095 | 17,958 |
| 922042858 VANGUARD EMERGING MA | AT COST | 38,209 | 49,987 |
| 47803M168 JOHN HANCOCK II-CURR | AT COST | 18,494 | 17,486 |
| 46090F100 INVESCO OPTIMUM YIEL | AT COST | 19,193 | 16,814 |
| 779919307 T ROWE PR REAL ESTAT | AT COST | 8,046 | 8,847 |
| 277923264 EATON VANCE GLOB MAC | AT COST | 28,415 | 27,423 |
| 78463X863 SPDR DJ WILSHIRE INT | AT COST | 5,561 | 8,696 |
| 921943858 VANGUARD EUROPE PACI | AT COST | 53,020 | 59,247 |
| 81369Y506 AMEX ENERGY SELECT S | AT COST | 6,255 | 6,145 |
| 09260C703 BLACKROCK GL L/S CRE | AT COST | 26,771 | 26,306 |
| 46434G103 ISHARES CORE MSCI EM | AT COST | 25,528 | 24,739 |
| 81369Y852 COMM SERV SELECT SEC | AT COST | 12,311 | 13,965 |
| 31641Q755 FIDELITY NEW MRKTS I | AT COST | 17,193 | 17,702 |
| 81369Y308 CONSUMER STAPLES SEC | AT COST | 8,311 | 13,550 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEE/STATE TAX | 10 | 0 | 10 |
| Description | Amount |
|---|---|
| MF TIMING DIFFERENCE | 113 |
| ROUNDING | 10 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER FEDERAL TAXES | 242 | 0 | 0 | |
| FOREIGN TAXES | 46 | 46 | 0 | |
| FEDERAL TAX PAYMENT - PRIOR YE | 63 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 726 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED | 99 | 99 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 206 | 206 | 0 |