| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MOSS ADAMS LLP | 66,775 | 9,420 | 57,355 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| WELLS FARGO & CO MEDIUM TERM NOTE | 500,000 | 498,550 |
| SHS GENERAL MOTORS FINI CO MEDIUM TERM NOTE | 500,000 | 498,345 |
| SHS VERIZON COMMUNICATIONS MEDIUM TERM NOTE | 500,000 | 498,285 |
| SHS DOW CHEMICAL CO/THE MEDIUM TERM NOTE | 500,000 | 488,135 |
| FORD MOTOR CREDIT CO LLC | 500,000 | 499,110 |
| JPMORGAN CHASE FINANCIAL | 250,000 | 250,778 |
| ALLY FINANCIAL INC | 500,000 | 465,820 |
| APPLE INC | 493,752 | 507,765 |
| WELLS FARGO & CO MEDIUM TERM NOTE | 500,000 | 476,020 |
| LOCKHEED MARTIN CORP | 241,815 | 239,855 |
| HOME DEPOT INC | 247,067 | 252,610 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 350,600 SHS NVIDIA CORP | 2,304,633 | 159,138,947 |
| 59,300 SHS TPG RE FINANCE TR | 737,474 | 385,450 |
| 22,500 SHS BLACKSTONE SECURED LENDING FD | 726,656 | 621,900 |
| 42,302 SHS ANGEL OAK MORTGAGE | 709,238 | 448,401 |
| 22,900 SHS BLACKSTONE MORTGAGE TRUST | 722,842 | 487,083 |
| 34,200 SHS KKR REAL ESTATE FINANCE | 726,338 | 452,466 |
| 29,700 SHS STARWOOD PROPERTY TR INC | 732,492 | 624,294 |
| 250,000 GOLDMAN SACHS TR | 250,000 | 250,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MAKENA CAPITAL ASSOCIATES (U.S.), L.P. | FMV | 6,986,820 | 6,986,820 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 898 | 0 | 898 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INTEREST | 0 | 12,694 | 12,694 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 400 | 0 | 400 | |
| SECTION 592E DEDUCTIONS FROM K-1 | 26,334 | -2,103 | 0 | |
| OTHER DEDUCTIONS FROM K-1 | 13,843 | 13,843 | 0 | |
| PORTFOLIO DEDUCTIONS FROM K-1 | 99,132 | 99,132 | 0 | |
| INVESTMENT INTEREST EXPENSE FROM K-1 | 18,441 | 16,331 | 0 | |
| NON-DEDUCTIBLE EXPENSES FROM K-1 | 1,021 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CANCELLATION OF DEBT | 936 | 936 | 936 |
| ROYALTY INCOME | 4,287 | 4,287 | 4,287 |
| NON-PASSIVE INCOME FROM K-1 | 101,294 | 50,980 | 101,294 |
| Description | Amount |
|---|---|
| UNREALIZED APPRECIATION ON INVESTMENTS (FROM K-1) | 252,576 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 3,167 | 3,154 | 0 | |
| FEDERAL TAXES | 106,600 | 0 | 0 | |
| CALIFORNIA FRANCHISE TAXES | 4,200 | 0 | 0 |