<SEC-DOCUMENT>0001145549-21-039397.txt : 20210628
<SEC-HEADER>0001145549-21-039397.hdr.sgml : 20210628
<ACCEPTANCE-DATETIME>20210628165842
ACCESSION NUMBER:		0001145549-21-039397
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210430
FILED AS OF DATE:		20210628
PERIOD START:           	20210731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICO EQUITY & INCOME FUND INC
		CENTRAL INDEX KEY:			0000863900
		IRS NUMBER:				133576061
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		211054242

	BUSINESS ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4147654499

	MAIL ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO CONVERTIBLE ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900805
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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      <regName>Mexico Equity &amp; Income Fund Inc</regName>
      <regFileNumber>811-06111</regFileNumber>
      <regCik>0000863900</regCik>
      <regLei>549300Q0OD8MQEFTBY23</regLei>
      <regStreet1>615 E. Michigan St.</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>8777850376</regPhone>
      <seriesName>Mexico Equity and Income Fund</seriesName>
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      <repPdEnd>2021-07-31</repPdEnd>
      <repPdDate>2021-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totAssets>24675123.900000000000</totAssets>
      <totLiabs>1218769.620000000000</totLiabs>
      <netAssets>23456354.280000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
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      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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        <name>El Puerto de Liverpool SAB de</name>
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          <ticker value="LIVEPOLC"/>
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        <name>Grupo Bimbo SAB de CV</name>
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        <name>Scotiabankinverlat - Scotia Gu</name>
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        <name>Fibra Uno Administracion SA de</name>
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        <name>Infraestructura Energetica Nov</name>
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        <cusip>P5R19K107</cusip>
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          <isin value="MX01IE060002"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alpek SAB de CV</name>
        <lei>549300PWKJTP62D4IQ66</lei>
        <title>Alpek SAB de CV</title>
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              <div style="color: #000000;">Banco del Bajio, S.A.</div>
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            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">160,000</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
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              <div style="text-align: right; color: #000000;">253,700</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupo Financiero Banorte, S.A.B. de C.V. - Series O</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">301,153</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1,713,377</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Regional, S.A.B. de C.V.</div>
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            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">44,500</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">226,070</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">2,193,147</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Food - 1.97%</div>
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            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Gruma, S.A.B. de C.V. - Series B</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">16,257</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">176,791</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupo Bimbo, S.A.B. de C.V. - Series A</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">142,300</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">284,783</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">461,574</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Holding Companies - 3.38%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Alfa, S.A.B. de C.V. - Series A</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1,133,958</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">793,216</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Hotels, Restaurants, and Recreation - 2.20%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Alsea, S.A.B. de C.V. (a)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">104,100</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">169,329</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupe, S.A.B. de C.V. (a)(b)(c)(d)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">303,242</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">347,298</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">516,627</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Mining - 5.10%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupo Mexico, S.A.B. de C.V. - Series B</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">264,314</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">1,194,808</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Railroads - 4.21%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">GMexico Transportes, S.A.B. de C.V.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">614,267</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">987,643</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Retail - 10.11%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">El Puerto de Liverpool, S.A.B. de C.V. - Series C - 1</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">241,601</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1,022,007</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupo Comercial Chedraui, S.A. de C.V.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">215,200</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">334,002</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Wal-Mart de Mexico, S.A.B. de C.V.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">309,756</div>
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            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1,013,967</div>
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            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">2,369,976</div>
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      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="1" cellspacing="0">

          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Telecommunication - 9.61%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">America Movil, S.A.B. de C.V. - Series L</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">3,225,082</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">2,252,797</div>
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          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Trucking - 3.00%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Grupo Traxion S.A.B. de C.V. (a)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">439,000</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">703,674</div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL COMMON STOCKS (Cost $15,436,853)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">19,420,206</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">CAPITAL DEVELOPMENT CERTIFICATES - 12.62%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Atlas Discovery Trust II (b)(c)(d)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">300,000</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">2,960,612</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL CAPITAL DEVELOPMENT CERTIFICATES (Cost $1,460,703)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">2,960,612</div>
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          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">MEXICAN MUTUAL FUNDS - 0.12%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div><font style="color: #000000;">Scotiabankinverlat - Scotia Gubernamental S.A. de C.V. SIID </font>(a)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">140,810</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">27,720</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL MEXICAN MUTUAL FUNDS (Cost $28,193)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">27,720</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;" nowrap="nowrap">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">REAL ESTATE INVESTMENT TRUSTS - 4.66%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Fibra Uno Administracion, S.A. de C.V.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">884,800</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">1,092,405</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $975,727)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">1,092,405</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL MEXICO (Cost $17,901,476)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">23,500,943</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">UNITED STATES - 0.10%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-weight: bold;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">INVESTMENT COMPANIES - 0.10%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 0.026% (e)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24,313</div>
            </td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">24,313</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL INVESTMENT COMPANIES (Cost $24,313)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">24,313</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000;">TOTAL UNITED STATES (Cost $24,313)</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000;">24,313</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Total Investments (Cost $17,925,789) - 100.31%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: right; color: #000000; font-weight: bold;">23,525,256</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">Liabilities in Excess of Other Assets - (0.31)%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: #000000; font-weight: bold;">(75,036)</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">TOTAL NET ASSETS - 100.00%</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">$<br>
              </div>
            </td>
            <td style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); text-align: right; font-weight: bold; width: 7%;">&#160;23,450,220</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 65%; vertical-align: bottom;">&#160;</td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Percentages are stated as a percent of net assets.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="6" style="vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">(a)&#160; <br>
              </div>
            </td>
            <td style="width: 65%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Non-income producing security.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;" nowrap="nowrap">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">(b)&#160; <br>
              </div>
            </td>
            <td colspan="5" style="vertical-align: bottom;" nowrap="nowrap">
              <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Illiquid securities. The total market value of these securities were $3,307,910, representing 14.11% of net assets.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">(c)&#160; <br>
              </div>
            </td>
            <td colspan="5" style="vertical-align: bottom;" nowrap="nowrap">
              <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Fair valued securities. The total market value of these securities were $3,307,910, representing 14.11% of net assets.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">(d)&#160; <br>
              </div>
            </td>
            <td style="width: 65%; vertical-align: bottom;" nowrap="nowrap">
              <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Level 3 securities. Value determined using significant unobservable inputs.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;" nowrap="nowrap">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">(e)&#160; <br>
              </div>
            </td>
            <td style="width: 65%; vertical-align: bottom;" nowrap="nowrap">
              <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">The rate shown represents the 7-day yield at April 30, 2021.</div>
            </td>
            <td style="width: 8%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td style="width: 3.38%; vertical-align: bottom;" nowrap="nowrap">&#160;</td>
            <td colspan="2" style="vertical-align: bottom;" nowrap="nowrap">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 8pt;"><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
      </div>
      <div style="margin-bottom: 8pt;"><br>
      </div>
      <div style="margin-bottom: 8pt; text-align: justify;"><font style="font-weight: bold;">FAIR VALUE MEASUREMENTS</font><br>
      </div>
      <div style="color: #000000;">The Fund follows the FASB ASC Topic 820 hierarchy, under which various inputs are used in determining the value of the Fund&#8217;s investments. The basis of the hierarchy is dependent upon various &#8220;inputs&#8221; used to determine
        the value of the Fund&#8217;s investments. These inputs are summarized in the three broad levels listed below: <br>
        <div>
          <div><br>
          </div>
          <div>
            <table id="z679a675116ab48fdb93397cfb602269f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="1" cellspacing="0">

                <tr>
                  <td style="width: 2%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                  <td style="width: 95%; text-align: justify;">Level 1 &#8211; Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br>
                  </td>
                </tr>
                <tr>
                  <td style="width: 2%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                  <td style="width: 95%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 2%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                  <td style="width: 95%; text-align: justify;">Level 2 &#8211; Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices
                    for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risks, yield curves, default rates and similar data.<br>
                  </td>
                </tr>
                <tr>
                  <td style="width: 2%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                  <td style="width: 95%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 2%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                  <td style="width: 95%; text-align: justify;">Level 3 &#8211; Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the company's own assumptions about the assumptions a market
                    participant would use in valuing the asset or liability , and would be based on the best information available.<br>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
        </div>
        <div style="text-align: justify;">The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet
          established in the marketplace, the liquidity of the markets, and other characteristics particular to the security.&#160; To the extent that valuation is based on models or inputs that are less observable or unobservable in the market the
          determination of fair value requires more judgment.&#160; Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.<br>
          <br>
          The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is
          determined based on the lowest level input that is significant on the lowest level input that is significant to the fair value measurement in its entirety.<br>
        </div>
      </div>
      <div style="color: #000000;"> <br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.</div>
      <div style="color: #000000;"> <br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The following is a summary of the inputs used to value the Fund's investments carried at fair value as of April 30, 2021:</div>
      <div style="margin-bottom: 8pt;">
        <div style="margin-bottom: 8pt;">
          <table id="zcde7ddb85c4d40339071c0b5953941a3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" border="0" cellpadding="1" cellspacing="0">

              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; padding-bottom: 2px; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px; width: 3.27%;" valign="bottom">&#160;&#160;</td>
                <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="text-align: center; color: #000000;">Level 1</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="text-align: center; color: #000000;">Level 2</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="text-align: center; color: #000000;">Level 3*</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="text-align: center; color: #000000;">Total</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Equity</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000;">Airlines</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,400,150</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,400,150</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Auto Parts and Equipment</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">838,020</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">838,020</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Beverages</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">893,090</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">893,090</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Building Materials</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,934,978</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,934,978</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Capital Development Certificates</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">2,960,612</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,960,612</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Chemical Products</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,645,238</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,645,238</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000;">Energy</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">938,942</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">938,942</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Financial Groups</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,193,147</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,193,147</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000;">Food</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">461,574</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">461,574</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Holding Companies</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">793,216</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">793,216</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Hotels, Restaurants, and Recreation</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">169,329</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">347,298</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">516,627</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000;">Mining</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,194,808</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,194,808</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Railroads</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">987,643</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">987,643</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="color: #000000;">Retail</div>
                </td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,369,976</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,369,976</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 2px;" valign="bottom">
                  <div style="color: #000000;">Telecommunication</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="color: #000000;">2,252,797</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="color: #000000;">2,252,797</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 2px;" valign="bottom">
                  <div style="color: #000000;">Total Equity</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">19,072,908</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">3,307,910</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">22,380,818</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 2px;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Mexican Mutual Funds</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">27,720</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
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              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 2px;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Real Estate Investment Trusts</div>
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                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
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                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,092,405</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,092,405</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 2px;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Short-Term Investments</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">24,313</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">24,313</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 2px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom">&#160;</td>
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              <tr>
                <td colspan="2" style="vertical-align: top; padding-bottom: 4px;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Total Investments in Securities</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">20,217,346</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">-</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11%;" valign="bottom">
                  <div style="color: #000000;">3,307,910</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%; border-bottom: 4px double rgb(0, 0, 0);" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">23,525,256</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%; padding-bottom: 4px;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top; padding-bottom: 4px;" valign="bottom">&#160;</td>
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              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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              <tr>
                <td colspan="15" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">* The Fund measures Level 3 activity as of the beginning and end of each financial reporting period.</div>
                </td>
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              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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              <tr>
                <td colspan="7" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Level 3 Reconciliation Disclosure</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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              <tr>
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                  <div style="color: #000000;">Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.</div>
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              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td style="vertical-align: top;" valign="bottom">&#160;</td>
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          <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div id="DSPFPageBreak" style="page-break-after: always;">
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              <tr>
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                  <div style="color: #000000; font-weight: bold;">Description</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom">
                  <div style="text-align: center; color: #000000; font-weight: bold;">Common Stock</div>
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                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
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                  <div style="text-align: center; color: #000000; font-weight: bold;">Capital Development Certificates</div>
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              <tr>
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                  <div style="color: #000000;">Balance as of July 31, 2020</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
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                  <div style="color: #000000;">$</div>
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                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">343,058</div>
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                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
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                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,315,011</div>
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                  <div style="color: #000000;">Acquisitions</div>
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                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Dispositions</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">(43,244</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">
                  <div style="color: #000000;">)</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">-</div>
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              </tr>
              <tr>
                <td colspan="2" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Realized gain</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">5,537</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">-</div>
                </td>
              </tr>
              <tr>
                <td colspan="4" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Change in unrealized appreciation</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">41,947</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 2px solid rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,645,601</div>
                </td>
              </tr>
              <tr>
                <td colspan="4" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000; font-weight: bold;">Balance as of April 30, 2021</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 4px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 4px; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">347,298</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 4px; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; border-bottom: 4px double rgb(0, 0, 0); width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">2,960,612</div>
                </td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="10" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">Change in unrealized appreciation (depreciation) during the period for Level 3 investments held at April 30, 2021</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">41,947</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">
                  <div style="color: #000000;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">
                  <div style="color: #000000;">1,645,601</div>
                </td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">&#160;</td>
                <td style="vertical-align: top; width: 3.27%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.81%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 11.39%;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td colspan="16" style="vertical-align: top;" valign="bottom">
                  <div style="color: #000000;">The following table presents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of April 30, 2021:</div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
          <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" border="0" cellpadding="1" cellspacing="0">

              <tr>
                <td colspan="9" style="vertical-align: top;" valign="bottom"><br>
                </td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 16%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12.03%;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: bottom; padding-bottom: 2px; text-align: center; width: 24%;">&#160;</td>
                <td colspan="2" rowspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Fair Value </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">April 30, 2021</div>
                </td>
                <td style="vertical-align: bottom; text-align: center; width: 1.69%; padding-bottom: 2px;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Valuation </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Methodologies</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Unobservable </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Input <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
                </td>
                <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Impact to valuation from an </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">increase to input</div>
                </td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; padding-bottom: 2px; width: 1.87%;" nowrap="nowrap">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Range</div>
                </td>
              </tr>
              <tr>
                <td style="vertical-align: bottom; text-align: center; width: 24%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Common Stock</div>
                </td>
                <td style="vertical-align: bottom; width: 3%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$&#160; <br>
                  </div>
                </td>
                <td style="vertical-align: bottom; text-align: right; width: 8.59%;">&#160;347,298</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.69%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Market </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Comparables</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Liquidity </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Discount</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Significant changes in the </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">liquidity discount would have </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">resulted in direct and </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">proportional changes in the fair</div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">value of the security</div>
                </td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.87%;" nowrap="nowrap">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">1.020-$1.184</div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="vertical-align: bottom; text-align: center; width: 24%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom; width: 3%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom; text-align: right; width: 8.59%;">&#160;</td>
                <td rowspan="1" colspan="1" style="text-align: center; vertical-align: bottom; width: 1.69%;">&#160;</td>
                <td rowspan="1" colspan="2" style="vertical-align: bottom; text-align: center;">&#160;</td>
                <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td rowspan="1" colspan="2" style="vertical-align: bottom; text-align: center;">&#160;</td>
                <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td rowspan="1" colspan="2" style="vertical-align: bottom; text-align: center;">&#160;</td>
                <td rowspan="1" colspan="1" style="text-align: center; vertical-align: bottom; width: 1.87%;" nowrap="nowrap">&#160;</td>
                <td rowspan="1" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
                <td rowspan="1" colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: bottom; text-align: center; width: 24%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Capital </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Development </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Certificates</div>
                </td>
                <td style="vertical-align: bottom; width: 3%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$<br>
                  </div>
                </td>
                <td style="vertical-align: bottom; text-align: right; width: 8.59%;">&#160;2,960,612</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.69%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Market </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Comparables/ </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Sum of the </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Parts </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Valuation<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> (2)</sup></div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Liquidity </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Discount</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 1.87%;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Significant changes in the </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">liquidity discount would have </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">resulted in direct and </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">proportional changes in the fair <br>
                  </div>
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;"> value of the security</div>
                </td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.87%;" nowrap="nowrap">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
                </td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">4.302-$10.197</div>
                </td>
              </tr>
              <tr>
                <td style="vertical-align: bottom; width: 24%; text-align: center;">&#160;</td>
                <td colspan="2" style="vertical-align: bottom; text-align: center;">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.69%;">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 2%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%; text-align: center;">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 2%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%; text-align: center;">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 2%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 16%;">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 1.87%;" nowrap="nowrap">&#160;</td>
                <td colspan="1" style="text-align: center; vertical-align: bottom; width: 2%;">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: center; width: 12.03%;">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; text-align: right; width: 24%;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1&#160; <br>
                    </sup></div>
                </td>
                <td rowspan="1" colspan="14" style="vertical-align: bottom;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">In determining certain of these inputs, management evaluates a variety of factors including economic conditions, foreign exchange rates,
                    industry and market developments, market valuations of comparable companies and company specific developments.</div>
                </td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%; font-size: 9pt;" valign="bottom">&#160;</td>
                <td colspan="2" style="vertical-align: top; font-size: 9pt;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.69%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12.03%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12.03%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 16%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 1.87%;" nowrap="nowrap" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; width: 2%;" valign="bottom">&#160;</td>
                <td colspan="1" style="vertical-align: bottom; text-align: right; width: 12.03%;" valign="bottom">&#160;</td>
              </tr>
              <tr>
                <td style="vertical-align: top; width: 24%;" valign="bottom">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2&#160; <br>
                    </sup></div>
                </td>
                <td colspan="14" style="vertical-align: top;" valign="bottom">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">For the Sum of the Parts valuation, the valuation provides a range of values for a company's equity by aggregating each of its business units
                    (private and public) and arriving at a single total enterprise value.</div>
                </td>
              </tr>

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