| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING & TAX SERVICE | 96,484 | 12,490 | 82,494 | |
| AUDIT FEES | 110 | 55 | 55 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GUGGENHEIM TOTAL RETURN BOND FD INSTL | 368,470 | 387,213 |
| PERFORMANCE TRUST STRATEGIC BOND FUND | 466,690 | 469,984 |
| PIMCO INCOME FUND INSTITUITONAL FUND | 384,477 | 390,819 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY CASH RESERVES | 153,734 | 153,734 |
| WEYERHAEUSER CO | 307,889 | 1,738,564 |
| VANGUARD PREIMECAP CORE FD | 607,808 | 1,140,071 |
| CLEARWATER SELECT EQUITIES FUND | 2,690,458 | 3,438,430 |
| AQR EMERGING MULTI STYLE R6 | 597,656 | 876,584 |
| PIMCO ALL ASSET INST CLASS | 1,353,856 | 1,441,803 |
| WILLIAM BLAIR MACRO ALLOCATION FD | 1,480,753 | 1,331,491 |
| POTLATCHDELTIC CORP | 48,117 | 1,032,213 |
| THIRD AVENUE REAL ESTATE VALUE FD | 686,548 | 889,637 |
| CLEARWATER INTERNATIONAL FUND | 4,268,360 | 5,033,673 |
| VANGUARD 500 INDEX FUND | 1,036,935 | 1,056,564 |
| VANGUARD SELECTED VALUE FUND | 518,435 | 531,703 |
| VANGUARD EMERGING MKTS INDEX FUND | 655,855 | 755,322 |
| WCM FOCUSED EMERGING MKTS FUND | 469,119 | 592,983 |
| VANGUARD REIT INDEX FUND | 905,150 | 910,935 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| HARVEST MLP INCOME FUND LLC | AT COST | 748,018 | 703,884 |
| CLEARWATER OPPORTUNITY FUND LLLP | AT COST | 625,632 | 582,821 |
| CLEARWATER PRIVATE OPPORTUNITY FUND IV | AT COST | 192,000 | 607,534 |
| CLEARWATER PRIVATE OPPORTUNITY FUND V | AT COST | 816,000 | 1,270,508 |
| SPELL CAPITAL MEZZANINE PARTNERS SBIC II LP | AT COST | 756,000 | 949,021 |
| SPELL CAPITAL MEZZANINE PARTNERS SBIC LP | AT COST | 112,343 | 803,519 |
| CLEARWATER PRIVATE OPPORTUNITY FUND VI | AT COST | 460,000 | 476,594 |
| CLEARWATER PRIVATE OPPORTUNITY FUND III | AT COST | 0 | 380,726 |
| MS PREMIUM PARTNERS FUND CAYMAN SPV | AT COST | 0 | 35,253 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 55,770 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 250 | 0 | 250 | |
| CPOF III 26-2251284 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 0 | 0 | |
| ROYALTY DEDUCTIONS | 0 | 11 | 0 | |
| SECTION 59(E)(2) | 0 | 692 | 0 | |
| OTHER PORTFOLIO DEDUCTIONS | 0 | 127 | 0 | |
| OTHER DEDUCTIONS | 0 | 9,152 | 0 | |
| CPOF IV 45-2978316 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 6 | 0 | |
| ROYALTY DEDUCTIONS | 0 | 18 | 0 | |
| SECTION 59(E)(2) | 0 | 1,025 | 0 | |
| OTHER PORTFOLIO DEDUCTIONS | 0 | 152 | 0 | |
| OTHER DEDUCTIONS | 0 | 12,327 | 0 | |
| SIT OPPORTUNITY BOND FUND 41-1966452 | 0 | 0 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 1,786 | 0 | |
| SPELL CAPITAL MEZZANINE PARTNERS 37-1661465 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 372 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 530 | 0 | |
| SPELL CAPITAL MEZZANINE PARTNERS II 35-2600658 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 153 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 662 | 0 | |
| CPOF V 46-5036194 | 0 | 0 | 0 | |
| ROYALTY DEDUCTIONS | 0 | 331 | 0 | |
| SECTION 59(E)(2) | 0 | 6,382 | 0 | |
| SECTION 743(B) | 0 | 102 | 0 | |
| OTHER PORTFOLIO DEDUCTIONS | 0 | 5 | 0 | |
| OTHER DEDUCTIONS | 0 | 22,689 | 0 | |
| HARVEST MLP 27-2968896 | 0 | 0 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 5,598 | 0 | |
| CLEARWATER OPP FD 82-2233098 | 0 | 0 | 0 | |
| OTHER DEDUCTIONS | 0 | 5,098 | 0 | |
| CLEARWATER PRIVATE OPP VI | 0 | 0 | 0 | |
| ROYALTY DEDUCTIONS | 0 | 4 | 0 | |
| SEC 59(E)2 | 0 | 34 | 0 | |
| OTHER PORTFOLIO DEDUCTIONS | 0 | 2 | 0 | |
| SEC 743(B) | 0 | 400 | 0 | |
| OTHER DEDUCTIONS | 0 | 24,572 | 0 | |
| SEC 965 OFFSET | 10 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SIT OPPORTUNITY BOND FUND LLC 41-1966452 | 0 | 0 | 0 |
| INTEREST | 0 | 301 | 0 |
| DIVIDENDS | 0 | 21,540 | 0 |
| CPOF III 26-2251284 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 1,911 | 0 |
| NET RENTAL REAL ESTATE INCOME | 0 | -362 | 0 |
| INTEREST | 0 | 2,439 | 0 |
| DIVIDENDS | 0 | 15,586 | 0 |
| ROYALTIES | 0 | 43 | 0 |
| OTHER PORTFOLIO INCOME | 0 | 393 | 0 |
| CANCELLATION OF DEBT | 0 | 1,023 | 0 |
| SUBPART F | 0 | 11 | 0 |
| OTHER INCOME | 0 | -358 | 0 |
| LESS: UBTI | 0 | -2,531 | 0 |
| CPOF IV 45-2978316 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | -1,388 | 0 |
| OTHER NET RENTAL REAL ESTATE INCOME | 0 | 96 | 0 |
| INTEREST | 0 | 2,481 | 0 |
| DIVIDENDS | 0 | 3,439 | 0 |
| ROYALTIES | 0 | 62 | 0 |
| OTHER PORTFOLIO INCOME | 0 | -138 | 0 |
| CANCELLATION OF DEBT | 0 | 965 | 0 |
| SUBPART F | 0 | 6 | 0 |
| OTHER INCOME | 0 | 1,131 | 0 |
| LESS: UBTI | 0 | -23,700 | 0 |
| SPELL CAPITAL MEZZANINE 37-1661465 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 12,428 | 0 |
| INTEREST | 0 | 705 | 0 |
| DIVIDENDS | 0 | 15 | 0 |
| OTHER INCOME | 0 | -1,276 | 0 |
| PLUS: UBTI LOSS | 0 | -11,307 | 0 |
| SPELL CAPITAL MEZZANINE II 35-2600658 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 175,481 | 0 |
| INTEREST | 0 | 15 | 0 |
| PLUS: UBTI LOSS | 0 | 8,259 | 0 |
| PARTNERSHIP INCOME | 101,279 | 0 | 101,279 |
| FEDERAL EXCISE TAX REFUND | 20,260 | 0 | 20,260 |
| FEDERAL UBTI TAX REFUND | 3,806 | 0 | 3,806 |
| STATE UBTI TAX REFUND | 50 | 0 | 50 |
| CPOF V 46-5036194 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | -5,548 | 0 |
| NET RENTAL REAL ESTATE INCOME | 0 | 91 | 0 |
| OTHER NET RENTAL REAL ESTATE INCOME | 0 | 23 | 0 |
| INTEREST | 0 | 3,265 | 0 |
| DIVIDENDS | 0 | 11,510 | 0 |
| ROYALTIES | 0 | 894 | 0 |
| OTHER PORTFOLIO INCOME | 0 | -1,629 | 0 |
| CANCELLATION OF DEBT | 0 | 2,741 | 0 |
| SEC 965 | 0 | 0 | 0 |
| SUBPART F | 0 | 5 | 0 |
| OTHER INCOME | 0 | 26 | 0 |
| LESS: UBTI | 0 | 3,706 | 0 |
| HARVEST MLP 27-2968896 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 86,594 | 0 |
| NET RENTAL REAL ESTATE INCOME | 0 | 29 | 0 |
| INTEREST | 0 | 188 | 0 |
| DIVIDENDS | 0 | 11,804 | 0 |
| OTHER PORTFOLIO INCOME | 0 | 63 | 0 |
| LESS: UBTI | 0 | -85,723 | 0 |
| CLEARWATER OPP FD 82-2233098 | 0 | 0 | 0 |
| INTEREST | 0 | 51 | 0 |
| DIVIDENDS | 0 | 12,190 | 0 |
| OTHER PORTFOLIO INCOME | 0 | 2,754 | 0 |
| OTHER INCOME | 0 | 980 | 0 |
| CLEARWATER PRIVATE OPP VI | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | -2,471 | 0 |
| OTHER NET RENTAL REAL ESTATE INCOME | 0 | 14 | 0 |
| INTEREST | 0 | 438 | 0 |
| DIVIDENDS | 0 | 1,961 | 0 |
| ROYALTIES | 0 | 346 | 0 |
| OTHER PORTFOLIO INCOME | 0 | -7 | 0 |
| LESS: UBTI | 0 | 4,253 | 0 |
| SECTION 965(A) INCOME INCLUSION | 10 | 10 | 10 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE | 47,960 | 0 | 0 | |
| FEDERAL UBTI | 3,806 | 0 | 0 | |
| FOREIGN TAX PAID | 0 | 9,623 | 0 | |
| CPOF III #26-2251284 FOREIGN TAX | 0 | 422 | 0 | |
| CPOF IV #45-2978316 FOREIGN TAX | 0 | 85 | 0 | |
| CPOF V #46-5036194 FOREIGN TAX | 0 | 99 | 0 | |
| HARVEST MLP 27-2968896 | 0 | 1,563 | 0 | |
| COF #82-2233098 FOREIGN TAX | 0 | 1,642 | 0 |