| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1 SHARE ORION REFINING | 1 | 1 |
| 2 SHARES MACAU CAPITAL | 1 | 1 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AG CORPORATE CREDIT OPPORTUNITIES, LTD | AT COST | 3,135,908 | 2,895,852 |
| AG ENERGY PARTNERS II, L.P. | AT COST | 90,168 | 115,356 |
| AG NET LEASE REALTY FUND III, LP | AT COST | 913,206 | 1,126,475 |
| PRIVATE EQUITY US OPPORTUNITIES II LP | AT COST | 321,329 | 155,611 |
| EAGLE RANCH LOT INVESTORS, LLC | AT COST | 734,962 | 512,113 |
| FS EQUITY PARTNERS VII LP | AT COST | 1,503,503 | 1,330,715 |
| REVERENCE CAPITAL PARTNERS OPPORTUNITIES FUND I LP | AT COST | 772,238 | 568,558 |
| SHEA VETURES OPPORTUNITY FUND B-II, LP | AT COST | 643,761 | 274,641 |
| SHEA VENTURES OPPORTUNITY FUND II, LP | AT COST | 705,408 | 577,838 |
| TATIRA 2, LLC | AT COST | 1,174,456 | 1,174,456 |
| FIDELITY 500 INDEX | AT COST | 7,345,181 | 9,420,648 |
| HEALTH CARE SELECT SECTOR | AT COST | 582,086 | 711,631 |
| INVESCO QQQ TRUST 1 | AT COST | 1,437,854 | 1,936,620 |
| PARNASSUS CORE EQUITY | AT COST | 1,331,146 | 1,452,585 |
| FIDELITY INTERNATIONAL INDEX | AT COST | 1,582,356 | 1,825,840 |
| ISHARES MSCI JAPAN ETF | AT COST | 1,130,010 | 1,219,301 |
| ISHARES CORE MSCI EMERGING | AT COST | 2,460,855 | 2,441,851 |
| MATTHEWS CHINA FUND | AT COST | 523,000 | 396,827 |
| COHEN & STEERS REAL ESTATE | AT COST | 2,628,746 | 2,557,976 |
| ISHARES GOLD TRUST | AT COST | 712,074 | 761,749 |
| PIMCO COMMODITY STRAT | AT COST | 779,369 | 726,932 |
| DODGE & COX INCOME | AT COST | 2,363,087 | 2,370,209 |
| PIMCO TOTAL RETURN FUND | AT COST | 1,928,885 | 1,936,728 |
| SCHWAB U.S. TIPS ETF | AT COST | 921,591 | 876,595 |
| VANGUARD TOTAL BOND MARKET | AT COST | 7,618,644 | 7,664,871 |
| VANECK OIL SERVICES | AT COST | 337,106 | 479,756 |
| VANGUARD FTSE EUROPE | AT COST | 1,062,601 | 1,139,297 |
| ISHARES MSCI CHINA | AT COST | 233,603 | 259,144 |
| JPM MANAGED INCOME | AT COST | 170,023 | 169,684 |
| ASF VIII INFRASTRUCTURE PRIVATE INVESTORS OFFSHORE | AT COST | 199,420 | 199,925 |
| CASDIN PARTNERS OFFSHORE LTD | AT COST | 750,000 | 750,000 |
| NEA 18 PRIVATE INVESTMENT OFFSHORE LP | AT COST | 267,835 | 187,734 |
| PEG GLOBAL PRIVATE EQUITY X | AT COST | 458,837 | 442,239 |
| VANECK GOLD MINERS ETF | AT COST | 345,042 | 316,457 |
| ISHARES 7-10 YEAR TREASURY | AT COST | 2,261,572 | 2,292,540 |
| BREVAN HOWARD ALPHA STRATEGIES FUND | AT COST | 536,250 | 547,291 |
| CADIAN OFFSHORE FUND LTD | AT COST | 310,247 | 388,708 |
| CENTIVA OFFSHORE FUND | AT COST | 360,405 | 375,674 |
| FORA CAPITAL INTERNATIONAL | AT COST | 220,000 | 247,184 |
| FORT BAKER CATALYST | AT COST | 130,268 | 134,203 |
| LAURION CAPITAL LTD | AT COST | 149,765 | 155,778 |
| LMR FUND LIMITED- ONMI CLASS D | AT COST | 310,000 | 340,208 |
| OASIS INVESTMENT II OFFSHORE FEEDER | AT COST | 274,812 | 287,535 |
| OPPORTUNISTIC ACCESS FEEDER | AT COST | 128,898 | 129,590 |
| REDMILE CAPITAL OFFSHORE FUND LTD | AT COST | 99,638 | 97,991 |
| ROKOS GLOBAL MACRO FUND | AT COST | 242,270 | 270,013 |
| SCHONFELD FUNDAMENTAL EQUITY | AT COST | 225,467 | 234,645 |
| SCHONFELD STRATEGIC PARTNERS | AT COST | 287,500 | 294,057 |
| SPX FUND SPC SEG | AT COST | 180,000 | 124,393 |
| STABILIS BRIDGE FUND II | AT COST | 98,266 | 114,007 |
| TIGER PACIFIC OFFSHORE FUND | AT COST | 337,499 | 365,703 |
| TOWER BAY MUNICIPAL BOND | AT COST | 100,000 | 113,044 |
| TWIN TREE CAPITAL OFFSHORE | AT COST | 424,023 | 445,619 |
| VOLEON COMPOSITION INTERNATIONAL | AT COST | 430,000 | 516,488 |
| VOLORIDGE FUND | AT COST | 112,658 | 122,106 |
| WALLEYE OPPORTUNITIES FUND | AT COST | 200,627 | 212,136 |
| WHITEFORT CAPITAL OFFSHORE | AT COST | 100,000 | 104,292 |
| ALABAMA INVESTMENTS (PARALLEL) | AT COST | 4,195,885 | 4,195,885 |
| INVESCO S&P 500 EQUAL WEIGHT | AT COST | 518,129 | 555,456 |
| ISHARES BIOTECHNOLOGY | AT COST | 248,511 | 253,496 |
| ARTISAN INTL VAL-INST | AT COST | 709,169 | 740,040 |
| SPDR EURO STOXX 50 ETF | AT COST | 768,759 | 770,410 |
| WISDOMTREE JAPAN HEDGED | AT COST | 271,985 | 266,491 |
| AEOLUS PROPERTY CATASTROPHE KETSTONE | AT COST | 164,503 | 164,503 |
| AVALA GLOBAL OFFSHORE LP-OMNI TR | AT COST | 165,000 | 188,975 |
| STRATUS FEEDER LIMITED | AT COST | 550,000 | 632,972 |
| TORUS FEEDER LTD 3 | AT COST | 263,319 | 263,319 |
| ISHARES CORE S&P MIDCAP | AT COST | 1,018,793 | 1,080,331 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 139,583 | 139,583 | 0 | |
| NEW YORK STATE TAXES AND FEES | 2,000 | 0 | 2,000 | |
| BANK CHARGES | 57 | 0 | 57 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| AG NET LEASE REALTY FUND III, L.P. | 41,102 | 41,102 | 41,102 |
| AG PARTNER INVESTMENTS L.P. | 86,780 | 86,780 | 86,780 |
| EAGLE RANCH LOT INVESTORS, LLC | 179,552 | 179,552 | 179,552 |
| REVERENCE CAPITAL PARTNERS | 37,859 | 37,859 | 37,859 |
| SHEA VENTURES OPPORTUNITY FUND B-II, LP | 5,995 | 5,995 | 5,995 |
| AEOLUS RE LTD V- KEYSTONE PF SEGREGATED ACCOUNT | 7 | 7 | 7 |
| STRATUS FEEDER LIMITED | 2,171 | 2,171 | 2,171 |
| ALABAMA INVESTMENTS (PARALLEL) FOUNDER A, LP | 48,226 | 48,226 | 48,226 |
| AG SF (L) LP | 2,967 | 2,967 | 2,967 |
| BREVAN HOWARD ALPHA STRATEGIES FUND- E1 | 2,526 | 2,526 | 2,526 |
| BREVAN HOWARD ALPHA STRATEGIES FUND- I | 8,443 | 8,443 | 8,443 |
| FS EQUITY PARTNERS VII LP | -8,258 | -8,258 | -8,258 |
| AG ENERGY PARTNERS II | -104,525 | -104,525 | -104,525 |
| PRIVATE EQUITY US OPPORTUNITY II | -57,464 | -57,464 | -57,464 |
| SHEA VENTURES OPPORTUNITY FUND | -8,482 | -8,482 | -8,482 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| AG SF (L) LP | 109,455 | 0 |
| AG EUROPE REALTY HOLDINGS, L.P. | 144,146 | 181,346 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX | 140,000 | 0 | 0 | |
| FOREIGN TAX | 27,708 | 27,708 | 0 |