| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,830 | 1,594 | 3,236 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMM SERVICES SELECT | 193,394 | 307,759 |
| CONSUMER DISCRETIONARY | 242,674 | 328,449 |
| FIDELITY MSCI UTILITIES | 53,198 | 54,818 |
| FIRST TRUST CLOUD | 32,514 | 53,961 |
| FRANKLIN FTSE JAPAN | 89,483 | 93,211 |
| FRANKLIN FTSE U K | 85,877 | 92,660 |
| FRANKLIN TEMPLETON LATIN AMER | 6,406 | 5,374 |
| FRANKLIN TEMPLETON TR SHS | 37,371 | 44,689 |
| GLOBAL X FUNDS | 50,176 | 68,172 |
| HEALTH CARE SELECT SPDR | 302,560 | 315,035 |
| INVESCO AEROSPACE AND | 38,859 | 40,614 |
| INVESCO KBW BANK ETF | 44,618 | 62,540 |
| ISHARES BIOTECHNOLOGY | 53,330 | 56,718 |
| ISHARES EDGE MSCI MIN | 8,768 | 9,162 |
| ISHARES INC CORE | 42,679 | 44,700 |
| ISHARES MSCI EUROZONE | 46,371 | 56,357 |
| ISHARES MSCI SWEDEN | 4,477 | 4,629 |
| ISHARES MSCI SWITZ | 13,499 | 14,707 |
| ISHARES TR U S INFRASTRUCTURE | 54,206 | 56,798 |
| ISHARES US HOME | 63,548 | 59,863 |
| J.P. MORGAN EXCHANGE-TRADED FD TR S | 141,487 | 136,646 |
| MATS SS SPDR FUND | 35,911 | 35,423 |
| PACER DATA | 6,513 | 7,045 |
| R2000 STARS ISS BNS | 125,000 | 132,250 |
| R2000 STARS ISS CIBC | 125,000 | 130,250 |
| REAL ESTATE SELECT | 58,797 | 64,137 |
| SECTOR SPDR CONSMRS | 112,020 | 122,239 |
| SECTOR SPDR ENERGY | 71,721 | 70,584 |
| SECTOR SPDR INDUS | 123,020 | 160,747 |
| SP500 STARS ISS BNS | 125,000 | 131,125 |
| SP500 STARS ISS CIBC | 250,000 | 241,750 |
| VANECK SEMICONDUCTOR | 135,418 | 210,688 |
| VANGUARD FINANCIALS | 312,147 | 423,871 |
| VANGUARD INFORMATION | 488,559 | 801,500 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCE IN DONATED SECURITIES | 1,149 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 25,421 | 25,421 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX - PRIOR YEAR | 261 | 0 | 0 | |
| EXCISE TAX - ESTIMATED PAYMENT | 1,200 | 0 | 0 | |
| FOREIGN TAX PAID | 764 | 764 | 0 |