| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLY FINANCIAL INC - 6.500% - | 10,000 | 10,138 |
| ALLY FINL INC SER A MTN - 7.25 | 44,999 | 45,611 |
| ALTRIA GROUP - 3.400% - 02/04/ | 10,417 | 11,577 |
| ALTRIA GROUP - 4.450% - 05/06/ | 11,146 | 12,058 |
| APA CORPORATION - 7.375% - 08/ | 15,710 | 15,898 |
| ARES CAPITAL CORP - 3.200% - 1 | 7,633 | 8,883 |
| ATHENE HOLDING - 6.650% - 02/0 | 15,409 | 16,219 |
| BNK MONTREAL MED - 0% - 3/6/28 | 1,000 | 1,158 |
| BNK MONTREAL MED - 0% -3/29/29 | 19,025 | 18,685 |
| BNK MONTREAL MED - 0% - 6/3/27 | 1,000 | 1,058 |
| BNK MONTREAL MED - 0% - 6/5/28 | 3,000 | 3,421 |
| BNK MONTREAL MED -0%- 8/26/26 | 35,024 | 36,355 |
| BNK MONTREAL MED - 0% - 9/3/30 | 2,000 | 2,021 |
| BANK OF MONTREAL - 0% - 4/5/27 | 2,000 | 2,211 |
| BANK OF MONTREAL - 0% - 5/5/28 | 2,000 | 2,276 |
| BANK OF MONTREAL - 0% -5/21/29 | 11,025 | 11,252 |
| BANK OF MONTREAL - 0% - 8/3/26 | 2,000 | 2,102 |
| BARCLAYS BANK PLC - 0% -3/2/28 | 2,000 | 1,922 |
| BARCLAYS BANK PLC - 0%-6/30/28 | 3,000 | 2,908 |
| BAT CAPITAL CORP - 4.540% - 08 | 11,232 | 12,489 |
| BAT CAPITAL CORP - 7.080% - 08 | 22,742 | 22,746 |
| BBVA GLOBAL SECS B V - 0%-1/31 | 3,000 | 2,897 |
| BBVA GLOBAL SECS B V - 0%-2/1 | 3,000 | 2,920 |
| BBVA GLOBAL SECS B V - 0%-3/1 | 4,000 | 3,898 |
| BBVA GLOBAL SECS B V - 0%-4/8 | 15,025 | 15,768 |
| BBVA GLOBAL SECS B V-0%-10/28 | 3,000 | 2,874 |
| BLUE OWL CR - 6.650% - 03/15/2 | 20,509 | 20,628 |
| BLUE OWL CR INCOME CORP - 7.75 | 21,286 | 21,159 |
| BNP PARIBAS - 0.000% - 02/04/2 | 2,000 | 2,396 |
| BNP PARIBAS - 0.000% - 05/01/2 | 15,025 | 17,571 |
| BNP PARIBAS - 0.000% - 05/08/2 | 3,000 | 2,929 |
| BNP PARIBAS - 0.000% - 07/11/2 | 2,000 | 2,182 |
| BNP PARIBAS - 0.000% - 08/07/2 | 3,000 | 2,873 |
| BNP PARIBAS - 0.000% - 08/20/2 | 12,025 | 12,091 |
| BNP PARIBAS - 0.000% - 09/17/2 | 4,000 | 3,973 |
| BNP PARIBAS - 0.000% - 10/22/2 | 12,025 | 11,975 |
| BNP PARIBAS SA - 0.000% - 01/0 | 3,000 | 3,015 |
| BNP PARIBAS SA - 0.000% - 02/1 | 2,000 | 2,148 |
| BNP PARIBAS SA - 0.000% - 06/3 | 2,000 | 2,191 |
| BNP PARIBAS SA - 0.000% - 11/1 | 15,025 | 15,111 |
| BNP PARIBAS SA - 0.000% - 11/3 | 25,025 | 33,253 |
| BNP PARIBAS SA 29F - 0.000% - | 2,000 | 2,151 |
| BNP PARIBAS SA 31F - 0.000% - | 10,000 | 11,030 |
| BNP PARISBAS SA - 0.000% - 05/ | 2,000 | 2,299 |
| BOFA FIN LLC - 0.000% - 06/28/ | 15,025 | 15,927 |
| BRIGHTHOUSE FIN INC - 4.700% - | 10,728 | 11,062 |
| BRIGHTHOUSE FINL - 3.850% - 12 | 10,411 | 9,055 |
| CANADIAN NATL RY CO - 4.500% - | 25,073 | 26,091 |
| CITIGROUP GLOBAL MA - 0% - 3/4 | 1,000 | 1,093 |
| CITIGROUP GLOBAL MA - 0% - 8/5 | 2,000 | 2,193 |
| CITIGROUP GLBAL MKTS HLDS 1/4 | 3,000 | 2,977 |
| CITIGROUP GLBAL MKTS HLDS 1/14 | 3,000 | 2,990 |
| CITIGROUP GLBAL MKTS HLDS 4/20 | 15,025 | 15,314 |
| CITIGROUP GLBAL MKTS HLDS 7/6 | 3,000 | 3,006 |
| CITIZENS FINL - 2.638% - 09/30 | 21,977 | 25,947 |
| CONSTELLATION ENERGY GENERATI | 14,288 | 15,092 |
| CONTINENTAL RESOURCES INC - 4. | 17,020 | 15,964 |
| CREDIT AGRICOLE CORP & INV 10/ | 12,025 | 11,880 |
| CREDIT AGRICOLE CORP & INV 11/ | 3,000 | 3,000 |
| CREDIT AGRICOLE CORP & INV 12/ | 3,000 | 2,993 |
| DELL INTL LLC/EMC CORP - 8.100 | 22,748 | 24,286 |
| EASTERN GAS - 3.900% - 11/15/2 | 7,208 | 7,305 |
| EDISON INTERNTNL - 3.900% - 06 | 11,730 | 11,790 |
| EQUITABLE HOLDINGS INC - 5.000 | 8,324 | 9,001 |
| FS KKR CAPITAL CORP NOTE CALL | 12,788 | 14,588 |
| FS/KKR ADVISOR - 3.125% - 10/1 | 16,425 | 18,415 |
| GS FIN CORP - 0.000% - 01/10/2 | 15,025 | 16,205 |
| GS FIN CORP - 0.000% - 01/22/2 | 20,025 | 24,608 |
| GS FIN CORP - 0.000% - 04/08/2 | 20,025 | 21,926 |
| GS FIN CORP - 0.000% - 08/02/2 | 15,025 | 16,170 |
| HSBC USA INC - 0.000% - 04/03/ | 2,000 | 2,344 |
| HSBC USA INC - 0.000% - 08/07/ | 10,025 | 10,661 |
| JPMC - 5.500% - 07/29/2044 | 15,000 | 14,884 |
| JPMC FINANCIAL CO LLC | 3,000 | 2,886 |
| JPMC FINANCIAL CO LLC 0% 4/7 | 10,025 | 12,674 |
| JPMC FINANCIAL CO LLC 0% 9/26 | 8,025 | 8,210 |
| JPMORGAN CHASE FINL - 0% - 6/8 | 9,025 | 10,099 |
| JPMORGAN CHASE FINL - 0% -12/8 | 9,025 | 10,089 |
| KINDER MORGAIN INC - 5.000% - | 33,420 | 36,466 |
| KINDER MORGAN ENER PA - 5.000% | 16,821 | 18,387 |
| MAIN STR CAP - 6.950% - 03/01/ | 25,420 | 26,115 |
| MORGAN STANLEY - 5.940% - 02/0 | 15,311 | 15,790 |
| MORGAN STANLEY FI VAR - 0.000% | 3,000 | 2,881 |
| MORGAN STANLEY FIN - 0% -1/29 | 2,000 | 2,272 |
| MORGAN STANLEY FIN - 0% -2/3 | 2,000 | 2,233 |
| MORGAN STANLEY FIN - 0% -5/4 | 2,000 | 2,235 |
| MORGAN STANLEY FIN - 0% -8/5 | 2,000 | 2,099 |
| MORGAN STANLEY FIN LLC -0% 1/4 | 3,000 | 2,927 |
| MORGAN STANLEY FIN LLC-0% 4/11 | 3,000 | 3,419 |
| MORGAN STANLEY FIN LLC-0% 4/12 | 28,025 | 33,909 |
| MORGAN STANLEY FIN LLC-0% 4/30 | 3,000 | 3,635 |
| MORGAN STANLEY FIN LLC-0% 5/31 | 3,000 | 3,564 |
| MORGAN STANLEY FIN LLC-0% 6/27 | 3,000 | 3,469 |
| MORGAN STANLEY FIN LLC-0% 8/2 | 20,025 | 23,034 |
| MORGAN STANLEY FIN LLC-0% 9/23 | 35,024 | 41,210 |
| MORGAN STANLEY FIN LLC-0% 10/3 | 3,000 | 2,873 |
| MRGAN STANLEY FIN LLC-0% 10/28 | 15,025 | 18,127 |
| MRGAN STANLEY FIN LLC-0% 11/10 | 2,000 | 1,988 |
| MORGAN STANLEY FIN LLC28 - 0.0 | 2,000 | 2,257 |
| MORGAN STANLEY FIN LLC30 - 0.0 | 30,000 | 33,980 |
| NATIONAL BANK OF CANADA - 0.00 | 3,000 | 3,088 |
| NEW MOUNTAIN FIN CORP - 6.880% | 20,382 | 20,332 |
| NOMURA AMERICA FIN LLC - 0.000 | 3,000 | 2,996 |
| OAKTREE SPECIALTY - 7.100% - 0 | 20,748 | 20,625 |
| REYNOLDS AMERICAN INC - 5.850% | 4,553 | 4,929 |
| ROYAL BANK CDA - 14.850% - 08/ | 3,000 | 2,933 |
| SOC GENERAL - 0.000% - 01/31/2 | 15,025 | 16,814 |
| SOC GENERAL - 5.000% - 10/11/2 | 20,000 | 18,592 |
| SOCIETE GENERALE SA - 0.000% - | 15,025 | 15,152 |
| SOUTHERN NATURAL GAS - 8.000% | 11,422 | 11,556 |
| SUNOCO LOGISTICS - 6.850% - 02 | 9,957 | 10,735 |
| THE GOLDMAN SACHS - 5.100% - 0 | 20,000 | 19,262 |
| TOLEDO HOSPITAL - 5.750% - 11/ | 9,721 | 10,148 |
| TRITON CONTAINER INTL LTD - 3. | 11,115 | 13,633 |
| TUFTS MED CTR - 7.000% - 01/01 | 5,229 | 5,469 |
| UBS AG LONDON - 0.000% - 03/11 | 10,025 | 9,848 |
| UBS AG LONDON BRANCH -0% 7/26 | 3,000 | 2,885 |
| UBS AG LONDON BRANCH -0% 9/28 | 2,000 | 1,918 |
| UBS AG LONDON BRANCH-0% 12/16 | 3,000 | 2,918 |
| UBS AG LONDON BRANCH - 17.150% | 3,000 | 3,000 |
| ZIONS BANCORP - 3.250% - 10/29 | 11,117 | 14,138 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABS | 13,311 | 22,803 |
| ADVANCED MICRO DEVICES INC | 15,843 | 37,692 |
| ALGER AI ENABLERS & ADOPTERS E | 24,373 | 25,096 |
| ALPHABET INC CL A | 30,146 | 206,580 |
| AMAZON COM | 17,609 | 83,095 |
| APPLE INC | 10,242 | 103,307 |
| APPLIED MATERIALS INC | 6,340 | 40,347 |
| ASA LTD | 34,863 | 47,736 |
| BANK OF AMERICA CORP | 12,002 | 29,590 |
| BLUEROCK PVT REAL ESTATE FUND | 7,565 | 7,500 |
| BNY MELLON DYNAMIC VALUE ETF | 17,438 | 18,283 |
| BOSTON SCIENTIFIC | 13,880 | 38,140 |
| BRISTOL WEST HLDGS | 23,958 | 21,030 |
| CLOUDFLARE, INC. | 9,607 | 9,858 |
| COSTCO WHOLESALE CORPORATION | 16,659 | 43,979 |
| D-WAVE QUANTUM INC | 12,371 | 18,305 |
| DANAHER CORP | 8,119 | 17,398 |
| DESTRA MULTI-ALTERNATIVE FD | 18,000 | 17,940 |
| ELEVANCE HEALTH INC | 14,475 | 16,125 |
| FIGMA INC | 14,622 | 9,343 |
| FIRST TRUST INTERMEDIATE DURAT | 28,270 | 27,960 |
| FLAHERTY CRUMRINE TOTAL | 23,040 | 23,625 |
| FRANKLIN VALUE SMALL CAP VALUE | 64,154 | 76,293 |
| FS SPECIALTY LENDING FUND SHAR | 13,622 | 14,140 |
| FSCO | 10,080 | 9,450 |
| FT CBOE VEST U.S. EQUITY MODER | 10,332 | 12,282 |
| FT CBOE VEST US EQUITY BUFFER | 13,422 | 15,468 |
| FUNDSTRAT GRANNY SHT US LG CP | 36,845 | 36,917 |
| GOLDMAN SACHS INTL SMALL CAP I | 62,736 | 97,086 |
| GOLDMAN SCH EQL WGHT US LARGE | 41,260 | 42,560 |
| GUGGENHEIM STRATEGIC OPP FUND | 20,040 | 19,320 |
| HILTON WORLDWIDE HOLDINGS, INC | 10,903 | 27,002 |
| INNOVATOR U.S. EQUITY ACCELERA | 18,720 | 20,940 |
| INVESCO QQQ TRUST | 45,562 | 54,674 |
| ISHARE SP SMALL CAP 600 INDEX | 63,170 | 89,053 |
| ISHARES BARCLAYS SHORT TREASUR | 440 | 441 |
| ISHARES CORE MSCI EAFE ETF | 132,601 | 214,704 |
| ISHARES CORE MSCI EMERGING MAR | 154,972 | 234,664 |
| ISHARES GOLD TR | 57,305 | 129,060 |
| ISHARES ULTRA SHORT TERM BOND | 1,772 | 1,770 |
| JAPAN SMALLER CAPITALIZATION F | 20,840 | 22,160 |
| JP MORGAN CHASE | 14,511 | 66,377 |
| MAINSTAY MACKAY DEFINEDTERM MU | 14,744 | 14,870 |
| MASTERCARD INC | 8,945 | 49,667 |
| META PLATFORMS INC | 25,011 | 92,413 |
| MICROSOFT CORP | 26,426 | 154,275 |
| NEUBERGER BERMAN NEXT GENERATI | 22,094 | 21,660 |
| NEW PROVIDENCE ACQUISITION COR | 6,901 | 10,895 |
| PARNASSUS MID CAP FUND | 61,173 | 79,387 |
| PIMCO DYNAMIC INCOME FUND | 36,451 | 35,420 |
| PIMCO ETF TRUST PIMCO MULTISEC | 50,516 | 50,692 |
| PIMCO HIGH INCOME FUND | 29,837 | 29,160 |
| RIVERNORTH DOUBLELINE STRAT OP | 12,460 | 11,865 |
| S&P GLOBAL INC COM | 16,438 | 28,742 |
| SALESFORCE.COM | 16,593 | 32,584 |
| SNOWFLAKE INC | 15,607 | 16,452 |
| SPDR GOLD SHARES | 15,282 | 17,834 |
| STARBUCKS CORP COM | 16,628 | 18,105 |
| SWISS HELVETIA FUND | 24,436 | 24,880 |
| TEXAS INSTRUMENTS INC | 6,868 | 15,441 |
| THE INNOVATOR S&P 500 POWER BU | 58,546 | 66,285 |
| THORNBURG INTERNATIONAL EQUITY | 50,138 | 53,295 |
| VANGUARD MID-CAP ETF | 134,674 | 232,175 |
| VANGUARD MTRL ETF | 12,130 | 19,925 |
| VANGUARD SF REIT ETF | 64,853 | 71,942 |
| VANGUARD SM-CAP ETF | 36,734 | 43,852 |
| VANGUARD WORLD FUND ETF MEGA C | 73,889 | 98,812 |
| VERALTO CORPORATION | 1,058 | 2,495 |
| VISA INC | 24,151 | 47,346 |
| VISTASHARES ARTIFICIAL INTELLI | 16,568 | 18,885 |
| ZSCALER INC | 14,351 | 11,246 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 21,482 | 21,482 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 28,889 | 28,889 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2025 | 2,400 | |||
| 990-PF Excise Tax for 2024 | 1,318 |