| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREP FEE | 6,217 | 3,108 | 1,865 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN INTL GROUP FXD TO 042028 5.750% | 54,677 | 57,156 |
| BANK OF NY MELLON CORP 4.95% FXD TO 6/20/20 | 31,545 | 30,031 |
| CHARLES SCHWAB CORP 4.625% FXD TO 3/20/22 | 19,546 | 20,350 |
| CITIGROUP INC FXD TO 082020 5.9500% | 30,640 | 29,850 |
| ENERGY TRANSFER OPERATING LP 3.231% 11/1/66 | 8,350 | 6,975 |
| FIFTH THIRD BANCORP FXD 4.5% | 20,385 | 21,270 |
| FORD MOTOR CO 7.450% 07/16/31 | 11,874 | 12,825 |
| FPL GROUP CAPITAL INC FXD TO 102016 4.1661% | 33,100 | 34,400 |
| JPMORGAN CHASE & CO 5.3% FXD TO 5/20/20 | 31,176 | 29,901 |
| MS CONTINGENT INCOME 5.15% BASED ON THE S&P 500 INDEX | 36,071 | 37,871 |
| OLIN ORP 5.125% 09/15/27 | 9,878 | 10,461 |
| PRUDENTIAL FINANCIAL INC FXD TO 092027 | 53,080 | 55,370 |
| REINSURANCE GRP OF AMERI INC FXD TO 122015 | 43,813 | 43,750 |
| SOUTHERN CALIFORNIA EDISON CO FXD TO 022022 | 10,125 | 10,150 |
| TRANSCANADA TRUST FXD TO 032027 5.3000% | 30,037 | 31,800 |
| TRUIST FINANCIAL CORP FXD TO 092024 | 20,733 | 21,125 |
| US BANCORP 5.3% FXD TO 04/15/27 | 32,884 | 33,743 |
| VOYA FINANCIAL INC. FXD TO 012028 4.7000% | 18,587 | 20,780 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLIANZGI 5.625%-A (NCV.A) | 24,650 | 26,550 |
| APPLE INC (AAPL) | 15,168 | 53,076 |
| ATT&T, INC. (T) | 59,085 | 57,520 |
| CHINA MOBILE LTD (CHL) | 20,629 | 14,270 |
| CITI DUAL DIRECTIONAL TRIGGER PLUS GDX (SQBSG) | 79,507 | 85,800 |
| COMMSCOPE HOLDING COMPANY, INC. (COMM) | 16,107 | 20,100 |
| DEUTSCHE TELEKOM AG 1 ORD 1ADS (DTEGY) | 16,147 | 18,270 |
| GLAXOSMITHKLINE PLC ADR (GSK) | 17,790 | 18,400 |
| INTL BUSINESS MACHINES CORP (IBM) | 28,876 | 25,176 |
| KOREA ELECTRIC POWER CORP ADS (KEP) | 16,377 | 12,270 |
| PAGSEGURO DIGITAL LTD (PAGS) | 13,563 | 22,752 |
| PFIZER INC (PFE) | 15,988 | 18,405 |
| PUBLIC STORAGE | 22,000 | 28,340 |
| SBERBANK RUSSIA SPONSERED ADR (SBRCY) | 13,153 | 14,500 |
| SONOS, INC. | 13,955 | 23,390 |
| TAKEDA PHARMACEUTCL CO | 19,805 | 18,200 |
| VIATRIS INC. | 881 | 1,162 |
| VODAFONE GROUP PLC (VOD) | 49,081 | 32,960 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ANGEL OAK MULTI STRAT INC I (ANGIX) | AT COST | 58,556 | 54,128 |
| BLUE SEED COLLECTIVE II, LP | AT COST | 203,311 | 203,311 |
| FIRST TRUST GBL TACTICAL STG F (FTGC) | AT COST | 39,522 | 38,660 |
| HSBC MARKET LINKED CD ON SPX WITH SURVIVOR OPTION LIMIT | AT COST | 56,605 | 66,275 |
| ISHARES EDGE MSCI MIN VOL EMER (EEMV) | AT COST | 27,239 | 30,540 |
| ISHARES INC MSCI JAPAN ETF (EWJ) | AT COST | 60,397 | 67,560 |
| ISHARES MSCI FRONTIER 100 ETF | AT COST | 18,072 | 14,175 |
| JPMORGAN CHASE BK NA COLUMBUS OHIO LKD TO S&P 500 INDEX CD | AT COST | 31,259 | 33,831 |
| MORGAN STANLEY BANK NA | AT COST | 25,193 | 30,999 |
| MS EMERGING MKTS DOMESTIC DEBT (EDD) | AT COST | 23,705 | 25,160 |
| MS MARKET LINKED CD ON EQUAL WEIGHT BASKET RTY SPX SX5E | AT COST | 33,856 | 42,617 |
| VANECK VECTORS ETF RUSSIA (RSX) | AT COST | 10,100 | 12,075 |
| VANECK VECTORS ETF VIETNAM (VNM) | AT COST | 14,138 | 17,490 |
| VANGUARD FTSE EMERGING MARKETS (VWO) | AT COST | 95,866 | 115,253 |
| VANGUARD GROWTH ETF (VUG) | AT COST | 31,481 | 76,002 |
| VANGUARD INDEX FDS S&P 500 ETF (V00) | AT COST | 105,996 | 137,476 |
| VANGUARD MID CAP GROWTH ETF (VOT) | AT COST | 10,023 | 21,207 |
| VANGUARD MID CAP VALUE ETF (VOE) | AT COST | 19,937 | 23,792 |
| VANGUARD SM CAP GROWTH ETF (VBK) | AT COST | 16,165 | 26,766 |
| VANGUARD SM CAP VALUE ETF (VBR) | AT COST | 23,340 | 28,442 |
| VANGUARD TTL STK MKT ETF (VTI) | AT COST | 321,444 | 428,208 |
| VANGUARD TTL WRLD STK INDX (VT) | AT COST | 72,424 | 92,580 |
| VANGUARD VALUE ETF INDEX (VTV) | AT COST | 48,761 | 71,376 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | 644 | 298 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT IN PARTNERSHIP-DEDUCTIONS | 13,804 | 13,804 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 18,241 | 18,241 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 1,284 | 1,284 | 0 |