2016-08-11T16:31:08-05:00 2015-12-31 382322726 TAMA BUDAJ & RAAB PC 32783 MIDDLEBELT ROAD FARMINGTON HILLS MI 483341726 990PF 2015-01-01 300095044 THE SAMUEL AND JEAN FRANKEL HEALTH AND RESEARCH FOUNDATION SAMU 2486451307 1004 BROOKWOOD BIRMINGHAM MI 48009 JO ELYN NYMAN VICE PRESIDENT 2486451307 2016-08-04 1 JOHN W WEIPERT P00013175 2486263800 2016-08-04 2015 2016-12-15 16:53:06Z X 21331851 X X 284410 284410 491352 477234 694272 4956081 694272 12500 12500 1482534 1468416 0 0 0 2500 0 0 81810 0 0 205 0 0 17755 0 0 8272 0 0 110542 0 0 1525000 1525000 1635542 0 1525000 -153008 1468416 400056 473472 473472 18178 60523 18178 18178 4387185 4381686 4838286 2572996 1938131 2406265 2063979 2802896 2897039 11269946 10997798 10698611 -18922 -29406 0 20735763 20582755 21331851 0 0 X 0 0 0 0 20735763 20582755 20735763 20582755 20735763 20582755 20735763 -153008 0 20582755 0 20582755 RAYONIER ADVANCED MATERIALS 666 SHS P 2014-05-22 2015-04-23 10050 24062 -14012 -14012 AQR DIVERSIFIED 296 SHS P 2014-12-22 2015-04-09 3007 2996 11 11 THIRD AVENUE FOCUSED 1927 SHS P 2015-03-24 2015-05-13 18191 20216 -2025 -2025 PRUDENTIAL SHORT TERM 430 SHS P 2015-03-31 2015-04-09 4851 4875 -24 -24 THIRD AVENUE VALUE 188 SHS P 2014-12-09 2015-05-13 10975 10672 303 303 FAIRHOLME FUND .3490 SHS P 2014-12-29 2015-07-22 13 12 1 1 JENSEN QUALITY GROWTH .2360 SHS P 2015-06-23 2015-07-22 10 10 0 0 GOLDMAN SACH STRATEGIC 892 SHS P 2014-12-31 2015-12-01 8815 9001 -186 -186 LOOMIS SAYLES STRATEGIC 760 SHS P 2015-09-30 2015-12-01 7328 7512 -184 -184 ADVISORY RESEARCH MLP .146 SHS P 2015-05-28 2015-07-22 2 2 0 0 IVY ASSET STRATEGY 2088 SHS P 2014-12-11 2015-05-13 55298 54277 1021 1021 WINTERGREEN FUND 153 SHS P 2014-12-18 2015-05-13 2585 2614 -29 -29 LORD ABBETT SHORT DURATION 955 SHS P 2015-08-31 2015-09-15 4185 4257 -72 -72 PIMCO LOW DURATION .197 SHS P 2015-03-31 2015-04-09 2 2 0 0 PIMCO UNCONSTRAINED 575 SHS P 2015-11-30 2015-12-01 6145 6360 -215 -215 AQR DIVERSIFIED 690 SHS P 2013-12-23 2015-04-09 7010 7526 -516 -516 THIRD AVENUE FOCUSED 3271 SHS P 2014-03-25 2015-05-13 30878 34856 -3978 -3978 PRUDENTIAL SHORT TERM 2613 SHS P 2012-11-02 2015-04-09 29475 30051 -576 -576 THIRD AVENUE VALUE 187 SHS P 2013-12-18 2015-05-13 10947 9950 997 997 GOLDMAN SACH STRATEGIC 26542 SHS P 2014-11-28 2015-12-01 261511 269454 -7943 -7943 LOOMIS SAYLES STRATEGIC 1754 SHS P 2014-09-24 2015-12-01 16909 17664 -755 -755 ADVISORY RESEARCH MLP 8278 SHS P 2013-07-26 2015-07-22 100000 98032 1968 1968 IVY ASSET STRATEGY 377 SHS P 2013-12-12 2015-05-13 9983 10029 -46 -46 WINTERGREEN FUND 9945 SHS P 2013-12-19 2015-05-13 167872 151245 16627 16627 LORD ABBETT SHORT DURATION 3489 SHS P 2013-01-03 2015-09-15 15282 16025 -743 -743 PIMCO UNCONSTRAINED 1755 SHS P 2012-01-31 2015-12-01 18729 19877 -1148 -1148 DJIA MITTS ISSUER BAC 15000 SHS P 2010-01-27 2015-01-07 253494 150123 103371 103371 DJIA MITTS ISSUER BAC 20000 SHS P 2010-11-23 2015-04-09 323400 233549 89851 89851 NUVEEN MORTGAGE 6000 SHS P 2009-11-24 2015-04-13 138426 147660 -9234 -9234 WESTERN ASSET MTG 5000 SHS P 2010-02-23 2015-04-13 120751 100000 20751 20751 DB CAPITAL FDG 5000 SHS P 2010-05-07 2015-04-20 125000 92563 32437 32437 AQR DIVERSIFIED 14525 SHS P 2011-12-19 2015-04-09 147574 156245 -8671 -8671 THIRD AVENUE FOCUSED 18195 SHS P 2011-12-20 2015-05-13 171761 185557 -13796 -13796 PRUDENTIAL SHORT TERM 17930 SHS P 2011-09-30 2015-04-09 202112 204736 -2624 -2624 THIRD AVENUE VALUE 3030 SHS P 2011-12-21 2015-05-13 176791 133009 43782 43782 FAIRHOLME FUND 1390.472 SHS P 2009-10-02 2015-07-22 49987 37793 12194 12194 JENSEN QUALITY GROWTH 1242 SHS P 2009-09-30 2015-07-22 49991 27771 22220 22220 LOOMIS SAYLES STRATEGIC 15258 SHS P 2011-12-29 2015-12-01 147087 155109 -8022 -8022 IVY ASSET STRATEGY 10384 SHS P 2011-12-08 2015-05-13 274968 230187 44781 44781 LORD ABBETT SHORT DURATION 20360 SHS P 2011-12-30 2015-09-15 89177 92611 -3434 -3434 PIMCO LOW DURATION 9891 SHS P 2009-09-30 2015-04-09 99998 100987 -989 -989 PIMCO UNCONSTRAINED 29112 SHS P 2011-12-30 2015-12-01 317656 315695 1961 1961 GENERAL ELECTRIC - CASH IN LIEU P 2015-12-17 2015-12-17 405 395 10 10 GM ARN ISSUER 10000 SHS P 2014-07-15 2015-07-31 82606 100000 -17394 -17394 GENERAL ELEC CAP CORP 100000 SHS P 2013-01-10 2015-12-03 108328 116250 -7922 -7922 AFFILIATED MANAGERS CLD 8000 SHS P 2012-10-03 2015-10-22 200000 200000 0 0 MSCIWRL MITTS ISSUER BAC 15000 SHS P 2009-12-22 2015-01-14 216484 216484 0 0 CLOUGH ACCESS 203295 SHS P 2011-06-01 2015-04-16 208988 200000 8988 8988 OZOFII ACCESS 157371 SHS P 2010-11-01 2015-04-16 199469 150000 49469 49469 YORK TOTAL ACCESS 117723 SHS P 2010-11-01 2015-04-23 127142 100000 27142 27142 ARDEN SAGE 4475 SHS P 2010-11-01 2015-09-22 2567 3508 -941 -941 CAPITAL GAINS DIVIDENDS P 321866 321866 321866 694272 0 1088740 20920382 0.052042 1039991 20323874 0.051171 1116912 21549192 0.051831 1017037 21237148 0.047890 1044096 21354958 0.048892 0.251826 0.050365 20859582 1050593 14684 1065277 1525000 X 14684 0 14684 0 14684 15846 15000 30846 16162 16162 0 0 0 0 0 0 0 0 0 0 0 1 1 MI 1 0 0 0 0 1 N/A JO ELYN NYMAN 2486451307 1004 BROOKWOOD BIRMINGHAM MI 48009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BRUCE FRANKEL 700 ARDMOOR DRIVE BLOOMFIELD MI 48301 PRESIDENT AND TRUSTEE 2.00 0 0 0 JO ELYN NYMAN 1004 BROOKWOOD BIRMINGHAM MI 48009 VICE PRESIDENT, TREASURER, 4.00 0 0 0 GEORGE NYMAN 1004 BROOKWOOD BIRMINGHAM MI 48009 SECRETARY AND TRUSTEE 2.00 0 0 0 NONE 0 NONE 0 0 20740477 436764 0 21177241 0 0 21177241 317659 20859582 1042979 1042979 14684 14684 1028295 0 1028295 0 1028295 1525000 0 1525000 14684 1510316 1028295 885210 0 0 1525000 885210 0 0 639790 0 0 0 0 0 0 0 0 388505 0 0 0 BRUCE FRANKEL X AMERICAN DIABETES ASSOCIATION 1701 NORTH BEAUREGARD STREET ALEXANDRIA VA 22311 NONE 501(C)(3) MEDICAL RESEARCH 35000 BEAR HUG FOUNDATION 139 W MAPLE SUITE F BIRMINGHAM MI 48009 NONE 501(C)(3) OUTDOOR EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR FOSTER CHILDREN 30000 CAMP MAK-A-DREAM 121 W LONG LAKE ROAD BLOOMFIELD HILLS MI 48304 NONE 501(C)(3) ASSISTANCE FOR CHILDREN AND YOUNG ADULTS WITH CANCER 5000 CARE HOUSE OF OAKLAND COUNTY 44765 WOODWARD AVENUE PONTIAC MI 48341 NONE 501(C)(3) ASSISTANCE FOR ABUSED AND NEGLECTED CHILDREN 100000 CHRONS & COLITIS FOUNDATION 25882 ORCHARD LAKE ROAD SUITE 102 FARMINGTON HILLS MI 48336 NONE 501(C)(3) MEDICAL RESEARCH 40000 FAR CONSERVATORY 1669 WEST MAPLE ROAD BIRMINGHAM MI 48009 NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 30000 HOSPICE OF MICHIGAN 43097 WOODWARD AVENUE SUITE 102 BLOOMFIELD HILLS MI 48302 NONE 501(C)(3) ASSISTANCE FOR GRIEF SUPPORT PROGRAM FOR CHILDREN. 500000 JARC 30301 NORTHWESTERN HIGHWAY SUITE 100 FARMINGTON HILLS MI 48334 NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 230000 JEWISH HOPICE & CHAPLAINCY NETWORK 6555 W MAPLE ROAD WEST BLOOMFIELD MI 48322 NONE 501(C)(3) PALLIATIVE CARE AND HOSPICE CARE FOR THE TERMINALLY ILL 35000 MICHIGAN LEAGUE FOR PUBLIC POLICY 1223 TURNER STREET STE G1 LANSING MI 48906 NONE 501(C)(3) ECONOMIC SECURITY AND WELL-BEING FOR PEOPLE IN MICHIGAN 15000 UNIVERSITY OF MICHIGAN 3003 SOUTH STATE ST STE 8000 ANN ARBOR MI 48109 NONE 501(C)(3) NEW MEDICAL FACILITY 500000 GARY BURNSTEIN COMMUNITY HEALTH CLINIC 45580 WOODWARD AVE PONTIAC MI 48341 NONE 501(C)(3) MEDICAL CARE FOR THE IN NEED 5000 1525000 0 14 284410 14 491352 14 12500 14 694272 0 1482534 0 1482534 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 2500 0 0 123000 SHS GENERAL ELEC CAP CORP 116250 123000 100000 SHS JPMORGAN CHASE & CO 117750 101800 150000 SHS GENERAL ELEC CAP CORP 150000 155118 20000 SHS TORTOISE ENERGY INFRAS CORP 200000 202000 200000 SHS CMS 10 FLOATER ISS BAC 200000 195500 3000 SHS BARCLAYS BANK PLC 73499 79050 3000 SHS HSBC HLDGS PLC 60919 76710 3000 SHS HSBC HLDGS PLC 83548 78210 3000 SHS SANTANDER FINANCE 53400 68310 4000 SHS CITIGROUP INC 100000 109884 4000 SHS GABELLI HEALTHCARE 100000 107400 4000 SHS STATE STREET CORP 100000 106280 4000 SHS WELLS FARGO & CO NEW 116160 112320 5000 SHS DB CAPITAL FDG VIII 0 0 6000 SHS BANK OF AMERICA CORP 150000 160440 6000 SHS WELLS FARGO& COMPANY 150000 172380 8000 SHS AFFILIATED MANAGERS GROUP SENIOR NOTES 0 0 100000 SHS AMERICAN EXPRESS 103380 98375 100000 SHS PNC FINANCIAL SRV 113355 106375 50000 SHS SUNTRUST BANKS 52130 50312 100000 SHS WELLS FARGO & CO 112505 103875 6000 SHS CHS INC 150000 162300 4000 SHS CAPITAL ONE FINANCIAL 100000 105160 8000 SHS JP MORGAN CHASE 200000 207120 8000 SHS THE SOUTHERN COMPANY 200000 215120 1000 SHS EMERSON ELEC CO 44240 47830 10000 SHS GM ARN ISSUER CS 0 0 10000 SHS SX5E LIRN ISSUER RBC 100000 106590 1200 SHS NESTLE S A REP 52152 89304 12500 SHS DJIA LIRN ISSUER RBC 125000 130800 1500 SHS WASTE MANGEMENT 47441 80055 15000 SHS DJIA MITTS ISSUER BAC 0 0 15000 SHS MSCIWRL MITTS ISSUER BAC 0 0 2000 SHS COCA COLA 50157 85920 2000 SHS MICROSOFT CORP 51018 110960 2000 SHS RAYONIER INC 65655 44400 2000 SHS UNILEVER PLC 51538 86240 20000 SHS BASKET STEPUP ISSU 200000 180400 20000 SHS DJIA LIRN ISSUER RBC 200000 198820 20000 SHS DJIA MITTS ISSUER BAC 0 0 20000 SHS SP500 STEPUP ISSU 200000 234600 25000 DJIA LIRN ISSUER CS 250000 253350 3000 SHS INTEL CORP 59310 103350 3000 SHS WEYERHAUEUSER 91200 89940 6000 SHS NISOURCE INC 39438 117060 666 SHS RAYONIER ADVANCED MATERIAL INC 0 0 850 SHS DIAGEO PLC SPSD 50222 92709 850 SHS JOHNSON AND JOHNSON 50633 87312 900 SHS KELLOGG CO 47469 65043 6000 SHS COLUMBIA PIPELINE GROUP 70417 120000 700 SHS CATERPILLAR 55916 47572 1000 SHS GENERAL MOTORS CO 36325 34010 0 0 4381686 4838286 100 SHS WESTERN ASSET MIDDLE MARKET AT COST 103000 68605 10000 SHS BLACKRCK DFND OPPR AT COST 133878 130200 10000 SHS NUVEEN BUILD AMERICA AT COST 199040 202900 10098 SHS WINTERGREEN FUND AT COST 0 0 17558 SHS EATON VANCE RCHRD BRSTN AT COST 210850 247217 11436 SHS NUVEEN PREFERRED AT COST 179437 193497 10933 SHS THE MERGER FUND CL AT COST 172685 167385 12126 SHS PIMCO DIVIDEND AND INCOME BLDR AT COST 126946 120411 116 SHS JOHN HANCOCK HIGH YIELD AT COST 412 375 11678 SHS HARTFORD MUT FDS AT COST 160904 150658 117723 SHS YORK TOTAL ACCESS LTD AT COST 0 0 12185 SHS JENSEN QUALITY GROWTH AT COST 325851 445132 12394 SHS ROYCE GLOBAL VALUE AT COST 108254 92335 13761 SHS SENTINEL MULTI ASSET AT COST 181636 160877 13469 SHS FPA CRESCENT PORT AT COST 343368 418370 13618 SHS COLUMBIA FLEXIBLE CAPITAL INCOME AT COST 165558 144768 12849 SHS IVY ASSET STRATEGY AT COST 0 0 13321 SHS NEUBERGER BERMAN LONG SHORT AT COST 152626 165988 139414 SHS PAULSON RECOVERY AT COST 0 0 1435 SHS TOCQUEVILLE GOLD FUND AT COST 75000 34522 15599 SHS PRINCIPAL GLOBAL DIVERSIFIED INCOME AT COST 207803 202641 15510 SHS AQR DIVERSIFIED AT COST 0 0 157371 SHS OZOFII ACCESS LTD LP AT COST 0 0 17443 SHS PIMCO INCOME FUND AT COST 220930 204612 17460 SHS JOHN HANCOCK STRATEGIC INCOME AT COST 192008 180892 17292 SHS LORD ABBETT FLOATING RATE FUND AT COST 154632 151999 17279 SHS LOOMIS SAYLES STRATEGIC AT COST 0 0 19402 SHS BLACKROCK STRATEGIC INCOME AT COST 186948 189565 188583 MONARCH DEBT RECOVERY AT COST 150000 189733 21607 SHS BLACKROCK GLOBAL AT COST 389160 387419 20641 SHS ALLIANZGI NF J DIVDEND AT COST 218979 317254 203295 SHS CLOUGH ACCESS LTD AT COST 0 0 20854 SHS PRUDENTIAL SHORT TERM AT COST 0 0 22216 SHS WELLS FARGO ABSOLUTE RETURN AT COST 217518 225717 22567 SHS IVA WORLDWIDE AT COST 343138 368532 14872 SHS ADVISORY RESEARCH MLP & ENERGY INCOME AT COST 181420 119126 22984 SHS THIRD AVENUE FOCUSED AT COST 0 0 24079 SHS LORD ABBETT SHORT AT COST 0 0 26553 SHS WELLS FARGO ASSET ALLOCATION AT COST 306072 330853 250 SHS WESTERN ASSET MIDDLE MKT AT COST 254375 177110 26522 SHS JP MORGAN STRATEGIC AT COST 304873 294137 85 SHS GOLDMAN SACHS STRATEGIC AT COST 886 820 29848 SHS EATON VANCE SHT DURT STRATEGIC INCOME AT COST 235938 216699 19311 SHS PIMCO LOW DURATION FD AT COST 197775 190411 45 SHS PIMCO UNCONSTRAINED AT COST 492 471 3209 SHS FIRST EAGLE GOLD FUND AT COST 75000 37388 3328 SHS FIRST EAGLE FUNDS OF AMERICA AT COST 114303 118512 3394 SHS THIRD AVENUE VALUE FD AT COST 0 0 35006 SHS T ROWE PRICE SHORT TERM AT COST 169073 164881 41842 SHS PIMCO ALL ASSET AT COST 439304 320513 6501 SHS FIRST EAGLE GLOBAL AT COST 327668 335132 7165 SHS DAVIS NEW YORK VENTURE AT COST 261517 225196 5000 SHS WESTERN ASSET MTG AT COST 0 0 6000 NUVEEN MORTGAGE OPPOR AT COST 0 0 6828 SHS DOUBLELINE INCOME SOLUTION AT COST 158984 110765 6698 SHS MAINSTAY MARKETFIELD AT COST 100492 99737 70 SHS ARDEN SAGE ACCESS AT COST 0 0 583 SHS PMF TEI FUND AT COST 58309 63285 11021 SHS FAIRHOLME FUND AT COST 286970 203905 205 SHS CZECH II SENIOR LOAN AT COST 208750 172726 9310 SHS ASTON/LAKE PARTNERS AT COST 116210 110142 10870 SHS WEITZ PARTNERS VALUE FD AT COST 197692 296447 12500 SHS SX7P LIRN ISSUER AT COST 125000 95625 5000 SHS PIMCO DYNAMIC AT COST 103350 90150 6000 SHS GOLDMAN SACHS MLP INCOME AT COST 82500 49380 5192 SHS MATTHEWS JAPAN FUND AT COST 100000 98494 9980 SHS HIGHLAND GLOBAL ALLOCATION AT COST 128890 86132 4859 SHS KINETICS PARADIGM FUND AT COST 175000 152111 9329 SHS OAKMARK GLOBAL SELECT AT COST 157640 144143 3038 SHS MATTHEWS ASIA DIVIDEND AT COST 50895 46675 31772 SHS VIRTUS MULTI SECTOR AT COST 152473 258526 23458 AVENUE CREDIT STRATEGIES AT COST 252193 205027 15067 SHS SHENKMAN SHORT DURATION AT COST 153193 147063 25000 SHS DJIA LIRN ISSUER CS AT COST 250000 230475 15000 SHS DJIA LIRN ISSUER HSBC AT COST 150000 141750 20000 SHS SP500 LIRN ISSUER HSBC AT COST 200000 203200 BASIS ADJUSTMENTS - OTHER INVESTMENTS -18922 -29406 STATE FILING FEE 20 0 0 BOND PREMIUM AMORTIZATION 5501 0 0 PORTFOLIO DEDUCTIONS 917 0 0 OTHER DEDUCTIONS 1834 0 0 ORDINARY INCOME - CZECH SENIOR II 12500 12500 12500 INVESTMENT AND ADVISORY FEES 81810 0 0 FOREIGN TAX WITHHELD 1755 0 0 FEDERAL EXCISE TAX 16000 0 0