| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,410 | 1,470 | 2,940 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMM SERVICES SELECT | 201,707 | 238,833 |
| CONSUMER DISCRETIONARY | 223,444 | 242,466 |
| FIDELITY MSCI UTILITIES | 45,686 | 43,189 |
| FIRST TRUST CLOUD | 29,627 | 37,698 |
| FRANKLIN FTSE JAPAN | 42,971 | 47,723 |
| FRANKLIN FTSE U K | 77,720 | 81,369 |
| FRANKLIN TEMPLETON LATIN AMER | 5,928 | 7,611 |
| FRANKLIN TEMPLETON TR SHS | 35,882 | 39,556 |
| GLOBAL X FUNDS | 37,520 | 47,555 |
| HEALTH CARE SELECT SPDR | 326,998 | 342,859 |
| INVESCO KBW BANK ETF | 35,281 | 40,188 |
| ISHARES BIOTECHNOLOGY | 58,850 | 64,665 |
| ISHARES EDGE MSCI MIN | 16,585 | 16,566 |
| ISHARES INC CORE | 21,186 | 23,621 |
| ISHARES MSCI EUROZONE | 43,841 | 55,125 |
| ISHARES MSCI SWEDEN | 4,656 | 5,131 |
| ISHARES MSCI SWITZ | 13,040 | 14,915 |
| ISHARES TR U S INFRASTRUCTURE | 22,060 | 22,430 |
| ISHARES US AEROSPACE ETF | 42,095 | 48,488 |
| J.P. MORGAN EXCHANGE-TRADED FD TR S | 141,122 | 134,519 |
| MATS SS SPDR FUND | 40,017 | 39,947 |
| PACER DATA | 16,632 | 15,889 |
| REAL ESTATE SELECT | 22,175 | 24,036 |
| RSP STARS ISS BNS | 125,000 | 122,750 |
| SECTOR SPDR CONSMRS | 181,488 | 177,050 |
| SECTOR SPDR ENERGY | 147,321 | 157,787 |
| SECTOR SPDR INDUS | 117,455 | 139,410 |
| SP500 STARS ISS TD | 125,000 | 122,500 |
| VANECK SEMICONDUCTOR | 85,081 | 115,764 |
| VANGUARD FINANCIALS | 310,040 | 331,582 |
| VANGUARD INFORMATION | 477,555 | 635,008 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCE IN DONATED SECURITIES | 7,001 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 23,105 | 23,105 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX - PRIOR YEAR | 896 | 0 | 0 | |
| EXCISE TAX - ESTIMATED PAYMENT | 900 | 0 | 0 |