| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FLI SELECT EQUITY FUND, L.P | AT COST | 980,163 | 1,539,950 |
| FLI VALUE FUND | AT COST | 928,670 | 1,379,564 |
| FLI GROWTH FUND LP | AT COST | 839,275 | 1,411,966 |
| FLI PARTNERS FUND | AT COST | 1,321,425 | 2,393,226 |
| SANDALWOOD OVERSEAS FUND | AT COST | 500,000 | 527,760 |