| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING & TAX FEES | 44,172 | 2,361 | 40,312 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GUGGENHEIM TOTAL RETURN BOND FD INSTL | 378,381 | 330,543 |
| PERFORMANCE TRUST STRATEGIC BOND FD | 372,517 | 327,605 |
| PIMCO INCOME FUND INSTITUTIONAL FUND | 355,962 | 335,372 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CLEARWATER SELECT EQUITY FUND | 272,948 | 442,177 |
| CLEARWATER INTERNATIONAL FUND | 709,351 | 991,843 |
| AQR EMERGING MULTI STYLE II CL | 83,916 | 119,071 |
| VANGUARD EMERGING MKTS INDEX | 128,306 | 148,137 |
| CLEARWATER DIVERSIFYING STRATEGIES OFFSHORE FUND | 825,000 | 898,285 |
| PRINCIPAL REAL ESTATE SECURITIES FUND | 325,683 | 394,518 |
| FIDELITY ADVISOR INTL REAL ESTATE FUND | 126,820 | 147,851 |
| CLEARWATER CORE EQUITY | 1,526,900 | 1,589,286 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CLEARWATER OPPORTUNITY FUND LLLP | AT COST | 361,967 | 425,918 |
| CLEARWATER PRIVATE OPPORTUNITY FUND VI | AT COST | 139,500 | 295,462 |
| CLEARWATER PRIVATE OPPORTUNITY FUND VII | AT COST | 214,500 | 234,253 |
| NORTHCOAST MEZZANINE SBIC III | AT COST | 204,750 | 302,827 |
| SPELL CAPITAL MEZZANINE PARTNERS SBIC II LP | AT COST | 46,150 | 264,677 |
| GEF US CLIMATE SOLUTIONS | AT COST | 186,750 | 207,148 |
| CLEARWATER PRIVATE OPPORTUNITY FUND III | AT COST | 0 | 27,555 |
| CLEARWATER PRIVATE OPPORTUNITY FUND IV | AT COST | 0 | 66,491 |
| CLEARWATER PRIVATE OPPORTUNITY FUND V | AT COST | 0 | 349,785 |
| SPELL CAPITAL MEZZANINE PARTNERS SBIC LP | AT COST | 0 | 88,969 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 51 | 0 | 51 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PARTNERSHIP INCOME | 121,825 | 77,042 | 121,825 |
| FEDERAL TAX REFUND | 1 | 0 | 1 |
| Description | Amount |
|---|---|
| PRIOR YEAR ADJUSTMENTS | 22,992 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX | 8,593 | 0 | 0 |