| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 6,959 | 0 | 6,959 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Alphabet Inc. Cap Stock CL C | 54,559 | 54,046 |
| Altria Group Inc. | 18,745 | 80,022 |
| Anheuser-BuschinBev ADR | 195,256 | 210,087 |
| Berkshire Hathaway Inc. Cl B | 151,817 | 410,352 |
| Brookfield Global Listed Real Estate Fund CL Y | 492,945 | 511,521 |
| Brown-Forman Corp. Cl A | 6,266 | 64,900 |
| Comcast Corp. Special Cl A | 2,246 | 12,684 |
| Compagnie Financiere Richemont SA | 168,571 | 294,825 |
| Diagio PLC | 17,814 | 70,632 |
| Dodge & Cox International Stock Fund | 977,697 | 1,156,582 |
| Fidelity 500 Index Fund | 920,324 | 1,829,955 |
| FPA Crescent Fund Ser 1 | 500,000 | 511,245 |
| Heineken Holding NV | 72,082 | 217,580 |
| JC Decaux S A | 85,071 | 66,439 |
| Martin Marietta Materials | 43,677 | 98,947 |
| Mastercard Inc Cl A | 99,724 | 447,056 |
| Nestle SA-Spons ADR | 119,904 | 281,248 |
| Parametric Tax-Managed Emerging Markets Intl CL | 600,000 | 628,497 |
| Pernod Ricard | 132,093 | 244,519 |
| Phillip Morris International Inc. | 142,509 | 251,296 |
| Swatch Group | 142,851 | 114,093 |
| Unilever NV ADR | 134,796 | 226,182 |
| Van Eck Global Hard Assets Fund | 499,868 | 366,377 |
| Vanguard Energy Fund | 750,000 | 685,080 |
| Wells Fargo | 115,970 | 184,075 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Drake Capital Offshore Partners II, L.P. | FMV | 1,732,584 | 1,732,584 |
| FPA Hawkeye Fund, LP (Investment P'ship) | FMV | 2,217,654 | 2,217,654 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Sales Proceeds Holdback | 217,947 | 217,947 |
| Description | Amount |
|---|---|
| Change in Unrealized Gain - AETOS | 608,374 |
| Securities Donated in FYE 6.30.19 Carried at Carryover Basis - FMV higher by | 299,953 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Filing Fees | 265 | 0 | 265 | |
| Foreign Fees | 75 | 75 | 0 | |
| Bank Fees | 50 | 0 | 50 | |
| FPA Hawkeye K1 Portfolio & Other Deductions | 12,934 | 12,933 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FPA Hawkeye Other Investment Income per K-1 | 3,664 | 3,664 | 3,664 |
| FPA Hawkeye Ord. Business Income per K-1 | 28 | 28 |
| Description | Amount |
|---|---|
| Change in Unrealized Gain - FPA Hawkeye | 67,485 |
| Change in Unrealized Gain - Drake Capital | 66,446 |
| FYE 6.30.19 Contributions made with stock - FMV exceeded carrying basis by: | 875,035 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Fees | 73,117 | 73,117 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign Taxes | 10,537 | 10,537 | 0 | |
| Federal Income Tax | 8,500 | 0 | 0 |