| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| EDCPVH-Inv in Golf Casitas LLC | FMV | 15,995 | 15,995 |
| KEMFDC-Inv in DC Ranch LLC | FMV | 685,589 | 2,940,576 |
| KEMFRL-Inv in MarleyCattleCompanyLLP | FMV | 7,159 | 463,572 |
| KEMDMI-Inv in Dominion Creek LLC | FMV | 2,424,134 | 2,893,242 |
| KEMMRI-Inv in McCartney Ranch LLC | FMV | 4,908,116 | 3,969,443 |
| KEMVRI-Inv in Ventanna Ranch LLC | FMV | 4,480,175 | 6,156,983 |
| KEMNCI-Inv in NC Investments LLC | FMV | 184,760 | 214,066 |
| KEMHIL-Inv in EH HastingsFarmLLC | FMV | 806,685 | 2,829,673 |
| KEMHRI-Inv in Hawes & Riggs LLC | FMV | 2,050,611 | 6,242,321 |
| KEMTIL-Inv in TuscanoD&G LLC | FMV | 2,434,028 | 2,861,436 |
| KEM95G-Inv in 95G Investments LLC | FMV | ||
| KEM20I-Inv in 20th Drive Investments LLC | FMV | 1,391,557 | 2,222,291 |
| KEMALI-Inv in Alameda Investments LLC | FMV | 1,788,415 | 2,811,564 |
| KF303I-Inv in 303G Investments LLC | FMV | 3,663,745 | 4,652,811 |
| KFWPIN-Inv in WP Investments LLC | FMV | 9,837,735 | 7,872,966 |
| KEMFIL-Inv in Marley Park Deed of Trust | FMV | 1 | 1,717,162 |
| KEMFMC-Inv in Freeport Deed of Trust | FMV | 899,036 | 899,036 |
| KFSHWD-Inv in Sherwood LLC | FMV | 6,881,104 | 3,501,177 |
| KFWWIN-Inv in Westwind Investors LLC | FMV | 19,338,680 | 16,513,085 |
| KFCCFL-Inv in KEMF CC Funding LLC | FMV | ||
| KFGBIN-Inv in Gilbert & Baseline LLC | FMV | 2,411,956 | 2,329,467 |
| KF99LI-Inv in 99LB Investments LLC | FMV | 1,212,116 | 1,362,712 |
| KFBCPI-Inv in Biltmore Corp Park LLC | FMV | 3,152,722 | 3,152,722 |
| KFEHF1-Inv in EH PP Funding Invs | FMV | 323,700 | 323,700 |
| KFTSIN-Inv in Tempe Bargin Storage | FMV | 2,319,076 | 2,319,076 |