| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,250 | 1,733 | 3,517 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COLUMBIA ETF TR II SHS | 5,439 | 5,638 |
| FIDELITY MSCI UTILITIES | 42,316 | 47,600 |
| FIRST TR NASDAQ | 33,291 | 33,010 |
| FRANKLIN FTSE | 26,474 | 41,200 |
| FRANKLIN FTSE JAPAN | 70,614 | 87,882 |
| FRANKLIN FTSE U K | 65,187 | 91,598 |
| GLOBAL X FUNDS | 46,456 | 71,303 |
| INVESCO AEROSPACE AND | 51,851 | 71,267 |
| INVESCO KBW BANK ETF | 68,559 | 102,918 |
| ISHARES BIOTECHNOLOGY | 28,928 | 38,480 |
| ISHARES EDGE MSCI MIN | 7,817 | 9,030 |
| ISHARES INC CORE | 33,934 | 44,903 |
| ISHARES MSCI EUROZONE | 51,023 | 77,625 |
| ISHARES MSCI SWEDEN | 6,380 | 8,172 |
| ISHARES MSCI SWITZERLAND | 15,402 | 21,166 |
| ISHARES TR US | 43,448 | 50,463 |
| ISHARES US HOME | 55,517 | 47,765 |
| JPMORGAN BETABUILDERS | 118,405 | 133,037 |
| PACER DATA | 3,971 | 4,067 |
| R2000 STARS ISS CIBC | 135,000 | 141,075 |
| SP500 STARS ISS BNS | 125,000 | 120,625 |
| ST STRT CONSUMER | 113,392 | 119,705 |
| ST STRT ENERGY | 31,666 | 31,744 |
| ST STRT HEALTH CARE | 183,310 | 213,314 |
| ST STRT INDUSTRIAL | 102,213 | 144,262 |
| ST STRT MATERIALS | 23,129 | 25,487 |
| ST STRT REAL ESTATE | 50,336 | 54,351 |
| STATE STRT CONS | 203,494 | 292,077 |
| STE STRT COMTN | 158,157 | 300,421 |
| SX5E STARS ISS BOFA | 135,000 | 141,075 |
| URA STARS ISS TD | 125,000 | 109,250 |
| VANECK SEMICONDUCTOR | 154,456 | 255,692 |
| VANGUARD FINANCIALS | 249,390 | 383,517 |
| VANGUARD INFORMATION | 399,131 | 738,704 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCE | 140 |
| Description | Amount |
|---|---|
| PRIOR YEAR GRANT CLEARED IN 2025 | 10,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 27,295 | 27,295 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX - PRIOR YEAR | 1,535 | 0 | 0 | |
| EXCISE TAX - ESTIMATED PAYMENT | 2,760 | 0 | 0 | |
| FOREIGN TAX PAID | 887 | 887 | 0 |