Columbia District Church Extension Society October 9, 2018 12:00 noon Oregon-Idaho Conference Office

Present: David White, Becca Farrester, Trudy Pollard, Erin Martin, Laura Jaquith Bartlett, DJ Antlitz, Norm Dyer, Ric Shewell, Donna Ward, Norm White Guest: Lydia Henry, Columbia District Lay Leader Absent: Scott Overton, Alicia Burbidge, Randy Adams, Bruce Rogers

Prayers: Becca gathered our prayer concerns and thanksgivings, and led us in prayer.

September minutes: By consensus, we approved the minutes of the September 13, 2018 meeting.

OLD BUSINESS All the old business is currently in Scott’s hands, but Becca received no report from him. A question came up about the D&O insurance: “What is the hold up?” No one present knows the answer. Becca would like to take some projects off Scott’s plate. We also have a timing issue with the writing of checks. Becca suggested that more of the concrete, administrative matters (for instance, mailing checks) could be handed to Laura as our Administrative Assistant. Becca and Ric and Erin will meet together before the next meeting to strategize a new system. Norm D. will join that conversation to help make sure we comply with the current Bylaws.

NEW BUSINESS Loan application: Christ UMC submitted an application for a $150,000 loan for repairs and upgrades to the church facility. The loan would be over 10 years, amortized, with a balloon payment after the first 10 years. David and Donna pointed out the Statement of Loan Policy, which indicates that local churches are expected to pay their CDCES asking (which Christ UMC has not yet done in full). The church will also need title insurance in order to be eligible for the loan. The committee would like to see the application resubmitted with corrections (including an issue with the interest calculations, which Ric and David have already discussed). Ric outlined the urgency of this loan. He also assured us that we can expect Christ UMC to pay its askings this year. The monthly repayment would be $716/month.

Donna moved, on behalf of the grants/loans committee, that we approve the loan, with the following stipulations (once these requirements are met, then the check will be cut from the church loan portfolio):

• Resubmit the application, with corrections• Christ UMC will make its best effort to pay the askings by the end of this year• Obtain title insurance• Submit signed promissory note

Passed. Donna moved that we award Christ UMC a $50,000 advance on the loan immediately, so that the church can start on the siding right away. Passed. Becca and Donna will approach Wells Fargo in order to get a check as soon as possible, since Scott is out of the country and has sole access to the check book. REPORTS District Superintendent: Erin summarized the Crossover Year information from the bishop, who has had a “vitality stakeholders” meeting (although we didn’t get information about that ahead of time). Bishop Elaine had everyone present at that meeting sign a covenant, indicating that we commit to a year-long process, including sending representatives (Becca and Ric) to an April gathering of the Vitality Stewards Collaboration. The CDCES is asked to provide:

• Articles of incorporation • Bylaws or conference rules • Book of Discipline paragraphs • Vision statement • Minutes form a formative meeting • Completed report form

A copy of the covenant is attached. Becca will follow-up with this, possibly with help from Laura in tracking down the required items. District Lay Leader: Lydia Henry gave a report (attached), summarizing what has happened with the grant money we gave to the district lay development team. Norm D. expressed a desire to have all grantees come to the CDCES with a similar report; this was very helpful. Investments: Norm D. asked that if any Board members have concerns or questions about investments, please be sure to contact him. Grants/Loans: We took action on Christ UMC’s loan application (above). Nominations: Becca has not yet followed up on Joy, but will do so this month. Mildred Riley has resigned. Treasurer: no report Bookkeeper: David’s monthly financial statements are attached. Feel free to email David with any questions.

Norm D. would like to encourage our DS to communicate to the churches the expectation that they will pay their askings. Becca and Ric are already working on a plan to address this concern. Next Meeting: Thursday, Nov. 8, at 7:00 pm at St. Paul’s (Milwaukie); the investment committee will meet at 6:30. The meeting was adjourned at 1:21 pm. Respectfully submitted, Laura Jaquith Bartlett CDCES Administrative Assistant/Secretary

Columbia District Lay

Development TeamReport on use of Extension Funds - 2018

April 27-29 – Laity Retreat – Canby Grove Retreat Center – Attendance 26

July 14 and July 28 – Laity Conversations –Trinity UMC and West Portland UMC –Attendance 33

September 22 – Laity Summit – Lake Oswego UMC – Attendance 28

February 3 – Christena Cleveland - 101

May 17 – Spring Clergy/Lay Colloquy - 12

September 20 – Fall Clergy/Lay Colloquy -21

Attended all three events 8

Attended two events 15

Attended one event 32

Laity Involvement – funded events

Laity Involvement – all laity events Attended all six events 1

Attended five events 2

Attended four events 8

Attended three events 5

Attended two events 25

Attended one event 108

Congregations represented by event

Ledger w/expenses from September event

COLUilElA DISTRICT CHURCH EXTENSIOH SOCIETY

unrealized

CI-II-'RCH OR CDCES FUND

EPWORTH Ci-IRISTINA

ffi tr'rcoue --rxcoue

W'i ,,?^'!I*1OS,SO.ZS, _-l 103,950-79FAITH GENERAI. FUND

LIIJG H ES !!E!vloR 14- BLDQ rg.ssr,rEl4Nq!4 QqM!{qN qlq 4?,e4e-40 31,q9O.40 _ 11377-53 88.804"33

PIONEER ANDERSON ENDOWMENT 2,1W.52 5,14865 7,W.123.016 32 2-4wlp_5,519.57PIONEER CAMPpio:rvEenffimEr.rr -- ' 1117t7s ,9w.4$

3,906.31PIONEER MEMORLAL

PIoNEERPIIIIIIIIIIIIIII-IA -,,---diA6WPORTSMOUTH UNION ENDOW 8.822 56 324.19 43.243.32 52.390 07

' 4,9ffi;1 4,(fia'71

TRrNrry peRsbNRee --a2.s83"3o 911125 47,294'-55

-20 136"3o3-3e ]13,3se'q9- r91.1n'4s

PORTSMOUTH UNTON HOUSING 152,394.59 152,394..s9

CDCES NET ASSETS:B4Lqq!48 !4 uqlq F,u_ i lq 5,354_54 9,602.48 16,32s.09

3,244-94 3,244.(X

WOODLAWN REDEVELOPMENT FUND 77,491.52 T7 49E'.5?

u7tr.-to i , rt,zoo.zoNEW SITES FUND

BUCKENDOWMENT - 5,244-w |-'3'*-ry --- es'29-1s r9.e51?5 1ff.,!,444-l-oaruruNl 204,308-01 -Et!9S-9? 30?,?40-91 , 602, 8-

l,!!tERFuND____ =_ -.--3,*.1?.--5'182-7s -g'qqz-14

VITAL MINISTRIES FUND

I rrrw-rv .ry

1'tq3-.29 4,452j0 ___ 105,899.25 332,709-

oprnnrrle ruruD eOuirv (1,964,70i (1,s64.70)-fgAN puNDACcRUED E<pENsE 174.59 174-59

F-1

CODCES OPERATING FUND - As of 9/3012018(lnclud€s unrealized gains)

106f20.18 Page 1

s31l2018 98012018Balance Balance

ASSETS

Gah and BankAccountsOper Fd IltM 11,933-16

TOTAL Cash and Bank Accounts

TOTALISSETS

LIABIUTIES&Eq']lTY

LIABLMESOtfier Liabilities

Districl Churcfi Exi Grants

11,933.16

13,050_28 13,393.22

TOTAL other Liatf lities

TOTALLIABLMES

EQUITY

r3,05028

-1,117.12

B,gD3-fr2

-1,964.70

TOTAL LIABILMES & EQUITY 11 ,933.16

11,933.16 11,338.52

'13.05$.28 13,3S3.22

2 CDCES OPERATING FUND MONTHLY REPORT - LASI MONth

9lll2ol 8 throtqh SJ3OI201 I

9I1TZA1* OVERALL98012018 TOTAL

Page 11tli6,?oi I

rrcoGxwe[sFargpfforcylhdief 2-12 2-12-mm-

E(PENSESADMINISTRATIVEASISTANT 35O-OO

BOOKKEEPING sOO-M

TOTAL EXPEHSES

OVSRAL!- TOTAL

35B.CO

str.00

-u7.58 -847.58

CDCES OPERATING FUND YTD Budget Report - CurentYear1/1/2S18 tlrrough 1281nO18 tJsing 2018-2018

Page 1101612018

Catqory2018

Actuai BudgEt Difference

INGOME

ALOHAUMCARLINGTON UMC

BEAVERTON UMC

GRESI.iAM UMC

HEPPNER UMC

HERMISTONUMCHOOD RN/ERASBURY UMC

KOREAN UMC

LAKEOSWEGOUMCMILTON FREEWATER WESI-EY UMC

MILWAUKIE" ST PAUL'S UMC

OAKGROVEUMCPENDLETON UMC

PLEASANT HOME UMC

Port CHERRY PARK UMC

PoTtCHRISTUMCPort EPI/I/ORTH UMC

Port FIRST UMC

Port FREMONT UMC

Port HUGHES MEMORIAL UMC

Port LINCOLN ST UMC

Po( METANOIA PEACE COMM UMC

PoTt MONTAVILLA UMC

PoTIPARKROSE UMC

Port PIONEER UMC

PoTIPORTSMOUTH UNION

Port ROSE CITY PARK UttlcPoTtTABOR HEIGHTS UMC

PortTRNffY UMC

PorT VER,TIONT HILLS UMC

PoTIWEST PORTLAND UMCPoTtWESTSIDE UMC

Po(WLSHIRE UMC

RAINIER UMC

SAINTHELENS UMC

THE DALLES FIRST UMC

TROUTDALE, FAITH UMC

WASCOUMCWESTON UMC

xWelh Fargo Mone,'Y Ma*et

E(PENSESINSURANCE

L&P FEES

ADMINISTRATIVE ASSISTANTANNUALMTGAUDTT

BOOKKEEPlNG

OFFICE SUPPI-IES

POSTAGE

5,95t-080.000.00o-00

696-00

171.44

0-00

0-B0-oo

o.G)150_00

366_00

0.000-00

9-75

156-91

100.@0.00

1,845.50

0_00

0-oo

137-50

30.00

5)4.000-00

0_00

165.mo-ry)

0.0020,._25

o-00g).00

396-5t)

135-00

135.00ao2-oo

0-@159.m

0-00

84.0019.67

7,921-780-00

50.00

3,150.00211_74

0,004,500_00

10-00

0,00

16,3ts-J[3

249.0024S.00

375-m636.00171.@

438-00

423.&81.t8

1,455.@150.00

366-00

585.@276.@252.@4n.oa

1,239.00

519"00

2,32._@651.00

75.00

183.00

30.00756-m294.OO

84.00

165-00

I,050.00345-00

273.W378-00

144.@477"ffi135-00

135.00

201.W234.00159.00180.00

84-m6.43

t7,2g0.ao1,mo.{E

0_00

4,200.00150-00

5,600-ta6,000.m

150_00

150.00

-10,351.35

-249.4O

-249.00

-375.00

o-00

0.00{38.00423.O0

al.00-1,455_00

0.(x,0.00

-585.00

-276.00

-242.25

-266.09

-1,139.00

-519.00

-476.50-651.00

-75.00

45.500.00

-252.00

-294.00

-84.00

o_00

-1,050.00

-345.00

€8.75-378.00

-54.00

-80.50

o-00

0_00

201-ql-2U.W

0.00-180.00

0.001321

932,.221,(n0-00

-50.00

1,050.0041.78

5,Om.001,500.00

140-m1g).00

Net Difference: -1,964.70 -94r.57 -1,023.13

poRrrouos

-s,-

-cBeg Ba -66 :West Poflatrd '

t bBfiToakGroveVlvtGrantr

- -WViiai ltdi nistries Add itton Bge.S9

-252 S4

SHORTTERT BONDSEec g?!4qce

tntereist

*4.142.43

1.678.47Bond Value Loss 11,416-53

Net Chanqe -2,932.10

Ralane *1.214.33

LONG TERS BONDSHo. R"irn"* 584.525.09

ITIOTES

RedeemedFHLttC 5%

lnterest 1.q@ 10.12 dq477

leilrrm rrf Prinicoal 2-851-69

NetChanse : ,

Pioneer Withdrawal

enaino galance

-1fi.47

576,337-&

EQUITY r{orEsBeg Balane 1,W7,173.18 Apple Gqqi of $Q!13

-:

r.liiUvttenOs I,m-gS

trlartetVatueGain I 7,57.58Apple Sale 13,94:l_15

Net Change

vefuegbio-qeP*it

trn.tlnd Batanr€ , *-

_1f4rg-- -ss8^001-''-------l

1.(m.128.84r

h-i

=ndinq Bala,L 767'966-78

-

10/52018CDCES CHURCH LOAN PORTFOLIO - As of 9t3At2A18

Accounl9r30i2018Balance

Bank AccountsChurch Loan MM 23.A8l..48

Page 1

TOTAL Bark AcconflG

AsetAccountsBeaverton #4

Beaverton #54

LenE Tongan FellorshipSaint Hebns *1St Pauls #1

West Portland#1Westside #5Wilshire#{a\Mlshire#5\Mlshirc#6

B,l,,,4,-40

9,@2_52

27,519.11

25,041.67

rc,751.v16.296.96

59,375_26

567,526-89

108.04

1,X2.111,968.48

TOTALAssc*AccounB

Liability AccountsEprorth Christina AlcdFaith General FurdHughes Memorial Building

Pioneer Anderson ErdomEfitPioneer EndonrnentPbneer Memorial

Pioneer Pastors Discretionary

Portsmouth Union Endowrnent

Portsmouth Unbn Housing

Trinity Endowment

Trinity Parsonage

XCDCES Bahomb, Ree Music

)CDCES Loan FurdXCDCES \frd Ministsies Fund

x<CDCES Loan Accrud EPense

vnfiLE,

-32,137.38

-103,950.79-19,385.40

-2,',t99.52

-13,173.75

-3,906.31

-3,809.98

-8,822.56-152,394.59

$,094.33-37,883.30

-1,368.07

-204,308.01

-178,358.20-174.59

TOTAL Liability Accounts -767,966.78

OVERALL TOTAL 0.00

lncome

CDCESCHURCH LOAi{ PORTFOLIO

INCOUE STATEMENT

SEPTEMBER 2O1T YEAR TO DATE

Loan lnterest

Money Fund Dividends

Total lncome

Total Expense

Net Loan Portfolio Eamings

Annu alized net interest

2,221_34 21 .819.61

0"00 0.00

2,215.68

5.62

21,731.35

88.26

0_00 0.00

2,221 .3A 21 "El9.0L

3,743o/o

CDCES SHORT TERM FIXED INCOME PORTFOLIO

Statement of AsseE and Liabilities

ASSETSCOST

9/30118MARKET9130/18

COST8!3M8

MARKET813'U18

Money FundsUndeared Deposits & ChecksNet Money Funds Available

Short -Term SecuritiesGNMA II PASS THRU POOL 4:W,6.W%GNMA II PASS THRU POOL3529, 5.fi)09/OGNMA II PASS THRU POOL6O5393, 5.MO%FHLMC GOLD PASS THRU POOL C73972,S.5TX}OIOGNMA II PASS THRU POOL4O61,6.5OO%FNMA PASS THRU POOL 93&445, s.OM%GNMA II PASS THRU POOL39S7. 5-5OO%

GNMA II PASSTHRU FOOL€72,6.50f]f/AGNMA II PASS THRU POOL4171, 8.W/AFHLMC 3751 KK 4.ffiO96FHLMC 2916 MY, s.fietGNMA REMIC CMA A*74 GD, s-AffiGNMA REFIIC CMO 1737 LG,z.OoffiGNMA ,, PASS THRU rcOL'TA1 N2, 4.il84FNMA 12.13rcA REMIC CTTO, 2.WAGNMA 12-110 KJ REMIC CMO, 3.WMGNMA O*93 BH REMIC CMO s.WrtTCWFDSTATALREruRN BD FD CLlSPDR DOBIEUNE TOTAL RETURN EFTffiUnreal2ed Gain / Loss

Total Assets

LIABILITIESHUGHES MEMORIAL BUILDINGMETANOIA COMMON CUPPORTSMOUTH UNION ENDOWMENTST PAUUS RESERVE

Total Uabilitie

CDCES NETASSETS:I-OAN FUNDVITAL MINISTRIES FUND

Tota!CDCES NetAssets

$ 34,824-30 $ 34,824-30 $26,481-89 $26,481.89il0,000.00) (10,0o0-0oi (1o,147.95i (10,147.e5)24,824.W 24.824-fi 16,333.94 16.333,94

21,W.19 11,8S5.75 21,W.19 12,189.585.014.19 3.489.80 5.014.19 3,548.635,975.37 4,3Hi5"77 5,975.37 4,46,p'142.457.26 8S.76 2,457_26 899.081,703.86 1,008.15 1,703.86 1,028.36s37.s7 24f..78 937-57 252-32

5,498.31 2,W-76 5,498.31 2,614.7116,364"03 8,914.78 16,3&+-{}3 9,018.7910,152.99 7,677.45 10,152-S 8,m7.5925,W.22 25,W.25 25,O0l..25 25,W.N81.979.08 85.772.U 82,060"35 87,039.0019,134-28 19,324.80 19,197.77 19,4S6,26,t5"953-23 43,892.n 46,843.S 45,14[.2929,S8.24 30,969.19 30,610.06 31,U7.2559,375.53 57,328_17 62,ffi.62 60,674.5557.112.33 53,W.24 58,015-53 55.213-3944.706.30 46.093.83 45,668.S5 47,04;9-6/'95,660-33 83,536-23 95,660-33 84,s58-1125,W.32 28,539.00 29.,W.32 28,742.8

467.26 4€7.26 5/.1.72 541.72

{42,382.86} 0"00 i37,597.84i 0.00

541.210.33 541,210.33 U4,14243 U4,14 {l

14,886.5942,94!9"&

324"1940,099.08

___s8.259.29_

394,498.9718.,452-10

442.9#1_O7

fi,sn7"23€,182.08

325"944t).316.32

_-__e8ez_

396,636.26__48J1!.ffi_

__145,350.86_

lncome

CDCESSHORT TERiI FIXED I]{COiIE PORTFOLIO

IHGOME STATEiTENT

SEPTEMBER 2018 YEAR TO DATE

lnterest lncome

Accrued lnterest lncorne

Money Fund Eamings

Total lncome

Expense

1,609.94 14,085.96

1,678.47

(74.&\

5_93

13,516.44

503.45

66.07

Amortization Expense

Adv lnterest/Fee

Total Expenses

Net Eamings

Realized Gain I Loss

Eamings

231.48 5,928.28

1,378.46 8157.68

231.48

0"00

1.681"66

4,246"62

o.00 0.00

1,378-46 8,157.68

Total annualized retum yearta date based on mad<et values

atthe beginning of eacft manth and wmpounded rnorrthly

CunentYield

IAST 12 MONTHSTotal annualized retum year to date based on market valuesat the beginning of each month and compounded monthly

Current Yield

-A.797o/a

3-MAa/o

-2-6520/o

1-3374/a

CDCES LONG TERM FIXED INCOME PORTFOLIO

Shtemer* of Assets and Liabilities

COST MARKET COST MARKET

ASSETS 09130/18 09130/18 0881118 0881/18

Money FundsUncleared Deposits & ChecksMoney Funds Available-net

w,1v.o7 $20,154.07 $16.018.53 $16,018"6s

Long Term SeqlritiesFNMAREMICTR1SOMFED HOME LOAN MTG 109, CLIO$I,9.100%FED HOME LOAN MTG 18S, CL H,7"SAAO/O

GNMA II PASS THRU POOL 3584,6.UX}%MASTERASSET03-11 2A8 CMO, 5.5N"/oGN['A II PASS THRU POOL 615784, 6.000%FHLMC GOLD PASS THRU POOL E99513, 5.OOO%

GNMA0}103 PC REMIC CMO,5.5OOO/O

FHLMC 3751 KK REMIC CMO,4.OM%FNMA 1S,I41 AL REMIC CMO,4.OOO%FHLMC 4383XX REMIC CMO. 3.5OO%

FHLMC 3736 PM REMIC CMO,4.M%FNMA 14-49YP REMIC CMO,3.000%GNMA 1G29AL REMIC CMO,5.OOO%FHLMC 4177GL REMIC CMO,3.OOff/OFHLMC ,l1,l1l CH RETMC CMO, 3.000%FHLIITC 4471 GAtIi CMO, 3-000%SPDRF DOBLELINE TOTAL RETURN ETF

(119.05)(1.218.84

(574_0e)1,417_U

11,386.8811,311.78

0.0041,910_4545.W.2224.188."3

12O,089-r+141,5?1.3796.034.2049,137.U2;9,972-9717,390.4897,599_5610,403.85

603_05

52_3624_17ffi.-M

1,045.9111,495.316,24/.-81

0_00

3(),9)8.1545.972.4520,283.80

115,887.6n39,730.4{}86,526.0046,468.3828,108.5016,7*.1496,914-?210,158_75

603.050.m

(fis.os)t1,218.8n

(574_re)1,417.U

12,501.6011"311_78

876-6941,910.4545.004,.2520,190.49

120,0s.2341,529.0896,015.8345,177.3929,972.7517,671.149n,479.2210,403-85

7ffi_47

59_1827-9563.02

1.059.9812,613.426,fi2,71

1.S330,6d6-88$,159.2420.521.80

118,509.60&,621_2089,239"0047,303.U28,551_OO

17,141.7898.896_2210,216-80

706._O7

32,426.253,058.374,859.581,156.94.

83,357-S3,gil-729,il2.45

__l_38.35621_

5,4N.19u.2fi.11

312,431.213,958.82

78,574.8911,924.66

__l{9.168,119_

Accrued lncomeUnrealized Gain / Loss

Total Assets

LIABILITIESMETANOIA COMMON CUP SHELTERPIONEER CAMPSHIPPIONEER ENDOWMENTPToNEER GRETA KORB (U-M-C-O-R.) EMERGENCY RELIEFPIONEER PASTOR'S HOUSING ALLOWANCETRINIry ENDOWMENTTRINIryPARSONAGE

Total Liabilities

CDCES NETASSETSBALCOMB, ROSE G. MEMORIAL MUSICJA DENNIS GRANTLOAN FUNDVWrl & BUENA MILLER ENDOWMENTWOODLAWN REDEVELOPMENT FUNDNEW SITES FUND

Total CDCES Net Assets

31,980.403,016.324,792.761,141.43

a2,w1_293,900.349,411-25

136-303.39

5,331.5433,779.19

307,7&.913,904"39

77,4914-5211,7ffi.70

__+40.a34.25_

lncome

CDCESLONG TERi'I FIXED INCOiTE PORTFOLIO

INCOiilE STATEiiENT

SEPTEMBER 2018 YEAR TO DATE

lnterest lncome

Accrued Interest lncomt

Money Fund Eamings

$1,750.11

(103.02)

3_55

13,824.10

12_66

24.14

Total lncome 1,650"il 13,860.90

Expense

Amortization Expense

Adv lnteresUFee

Total Expenses

Net Earnings

Realized Gain (Loss)

Earnings

39.41

144.01

358.71

3,958.51

183.42 4,317.22

1,467.22

(e74"76)

9,il3.68

t874.761

8,668.92

Totat annualized retum year to date based on market values

at the beginning of each month and compounded manthty -5.213e/o

Cunent Yietd 3"A12%

592_46

LAST 12 MONTHSTotat annualized rcturn yearto date based an market valuesat the beginning of each month and comryunded monthly

Cunent Yietd

-5.4614/o

1.425o/o

CDCES EQUIry GROWTH PORTFOLIO

ASSETSCOST

9/30/18 9i30/18COST8t31118 8t31t18

Money FundsUncleared Deposits & Checks

Money Funds Available - Net

GREG DUFAULT MGNTUNREALTZED GAIN (LOSS)

TotalAssets

912,415.70 982,547.31 888,586.99 974,579.737AJ31.61 0.00 85,992.74 0.00

1.003.128.84 1,003,128.84 1,OALfi3.18 1,AW J73-18

$43.381,53 $43,381.53 $55,393.45 $55,393.45

_1?a9qa90) (22,800.00) (22,800.00) (22,800.00)

$20,581.53 20,581,53 32,593.45 32,593.45

LIABILITIESHUGHES MEMORIAL BUILDINGMETANOIA COMMON CUPPIONEER ANDERSON ENDOWMENTPIONEER CAMPSHIPPIONEER ENDOWMENT

PIONEER PASTOR'S HOUSING ALLOWANCEPORTSMOUTH UNION ENDOWMENTTIGARD-M ETZGER EN DOWMENT

Total Liabi!ities

CDCES NET ASSETSBALCOMB, ROSE G. MEMORIAL MUSICVIJAY & MALCOLM BUCK ENDOWJA DENNIS GRANTLOAN FUNDWM & BUENA MILLER ENDOWVITAL MINISTRIES FUND

Total Net Assets

62,818.6313,874.535,148.652,497.25

14,434.97

26,435,8343,243.32

_____4,950:71

_lzreg=qg_

9,602.483,244-94

1A2,951.256A2,848.28

5,182.75

___jqg,-gee.25_

__u9J28.e5._

63,128.4213,942.955,174.O42,509-56

14,5421426,506.2043,456.574.975.12

__17.1.255.0A

9,649.833,260.94

103.458.95605,821.18

5,208.31

_l_94il8.s7_

_832,919L9_

lot412818Gregg Dufault Portfolio Value Report - As of 9/3012018

Secunty Shares QuotelPrice Cost Basis Gainjloss BalancePage 1

ALLI,ANZGI CONV & INCOME FUND

Appb lncAT&TINCBristol Myers Squibb Co

Coca4ola Co

MRNNGINCEATON VANCE TD(-MANAGEDEneryi]rsehd Sector SPDR

FEDP< CORPORATION

&neralEldlicCoGeneral Motors CorplnEl CorpJohn Hancock Funds lnlemational Grcurft F..-

JOHN FIANCOCK REGIOML BANK FUND

JOHN FI,ANMCK SOVEREIGM"METLIFE INC

MkrosoftCorp}.I\NDLACORP

SONOS INC

SSGAACTf\IEETFTR ETF

SYNCHROI.IY FINANCIAL

Timken Co.UNILEVER PLC SPONSADfi

20.m0.000141 .0{E

700.0@439"000

1.026-000

700.000

1.0co.0@1,5m_0m

200.oo0

1.542.0(n785.000

s74.0081"271320

890-957

5,075.639

665.000429,000

120.0m1,485.00i0

834.000

1,300-ffi603 000

600-000

6-950 142.504.62

225.744 11.916.83

33.580 18,309.2s

62.080 22_939.07

46"190 42,748-A9

35.300 22.269.83

16.650 16j41.2275_740 108.596.43

24A.7W 32.596.69

11.2W 22.162.55

33.570 2S.1U_BA

47.2% 30.780.26

28.340 35"126.58

28"230 25.U1.1715.310 97.330.02

46.72A 30.932"61

114.370 24.155792$-A2A 30.972.03

16.040 31,684.85

47.250 ,40.540.57

31.080 42.737.51

49.850 26,981.30

s4,970 32.269-9S

-3,504.62 139.000_00

19,912_5r 31,829.345,196.75 23,506-00

4,314_6 27,253_12

4,il2.85 47,390.94

2.44$.17 24,714.N508-78 16,650.00

5,013_57 113,610,00

15"561-31 /t8,158.m

-4,753.37 17,4tX).18

-2,703.85 25,/i3O.95

1,0ca.20 31,873-46

9(12.63 36,029.21

110.55 25,151-72-4,311.99 93,018"03

136"19 31,068.80

24,9O8-S4 ,+9,0&1.73

2,7*.37 33,7n_&-7,865.45 23,819-40

-1,$4.47 3!r,406"50

-2,333.51 4t),404_m

3,078.25 30,059-55

712_01 32"982_00

ioran mvestments 9'!7,872.06 U,675.27 982,547.33

CDCESEQUITY GROWTH PORTFOLIO

INCOME STATEMENT

lncome SEPTEMBER 2018 YEAR TO DATE

Dividends

Securities Litigation

Total lncome

Expense

Management Fee

Total Expense

Net Earnings

Realized Gain /( Loss)

Earnings

4,008.95 26,#5.06

0.00 0.00

4,008.95 26,545.06

3.00 7,498.37

3.00 7,498.37

4.005.95 19,046.69

6,912.75 11,293-47

10.918.70 30,340-16

Total annualized refum year to date based on matket values

at the beginning of each manth and amryunded monthly

Total refum yearto date

LAST 12 MONTHSTotal annualized retum yearto date ba*d an market values

atthe beginning of each month and cornpounded monthly

Tatal retum yearta date

-0-724o/o

-0.139%

0.669%

1.614%