| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,595 | 2,595 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIRST EAGLE GLOBAL | AT COST | 2,870,261 | 3,964,652 |
| QWEST CORP - 6.50% | AT COST | ||
| OPPENHEIMER DEV MARKETS | AT COST | ||
| JENSEN PORTFOLIO INC | AT COST | 585,338 | 769,823 |
| JP MORGAN MID CAP VALUE | AT COST | ||
| COHEN & STEERS REAL ESTATE SECURITIE | AT COST | ||
| SPDR S&P DIVIDEND ETF | AT COST | 454,028 | 620,101 |
| MORGAN STANLEY MTN CALL | AT COST | ||
| FIRST REPUBLIC BANK | AT COST | ||
| U.S. TREASURY BILLS | 487,780 | 488,080 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVISOR FEES | 14,814 | 14,814 | ||
| BANK CHARGES | 25 | 25 | ||
| OFFICE EXPENSES | 75 | 75 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 1,000 |