2017-09-27T11:27:11-05:00 2016-12-31 382322726 TAMA BUDAJ & RAAB PC 32783 MIDDLEBELT ROAD FARMINGTON HILLS MI 483341726 990PF 2016-01-01 300095044 THE SAMUEL AND JEAN FRANKEL HEALTH AND RESEARCH FOUNDATION SAMU 2486451307 1004 BROOKWOOD BIRMINGHAM MI 48009 JO ELYN NYMAN VICE PRESIDENT 2486451307 2017-08-22 1 JOHN W WEIPERT P00013175 2486263800 2017-08-22 97.78.175.162 2017-08-22 09:41:48 ED P 00DF53988302127544DC0C5792C575076D3C66FF 6DCE230DDA3772DD2EEEE3B57D3EDF89C19AAB61 2016 2021-01-29 14:40:06Z X 20703953 X X 257030 257030 447989 432189 548749 3893628 548749 13225 13225 1266993 1251193 0 0 0 2500 0 0 71048 0 0 15 0 0 16704 0 0 10996 0 0 101263 0 0 1870000 1870000 1971263 0 1870000 -704270 1251193 473472 936444 936444 2128 18178 2128 4381686 4177905 4565887 2663131 2592524 3153705 2802896 3135325 3129110 10272798 9071423 8918807 -29406 -37264 0 20582755 19878485 20703953 0 0 X 0 0 0 0 20582755 19878485 20582755 19878485 20582755 19878485 20582755 -704270 0 19878485 0 19878485 GENERAL ELECTRIC CO - TENDER P 2015-12-04 2016-01-20 1230 1230 1230 SP500 STEPUP 20000 SHS P 2013-05-30 2016-08-04 251195 200000 51195 51195 TORTOISE ENERGY 20000 SHS P 2012-12-03 2016-03-14 202000 200000 2000 2000 ASTON LAKE 612 SHS P 2015-12-30 2016-09-16 7239 7252 -13 -13 HIGHLAND GLOBAL ALLOC 706SHS P 2016-03-24 2016-09-22 7180 6351 829 829 JENSEN QUALITY GROWTH 1.5 SHS P 2016-03-16 2016-09-22 21 21 0 0 PIMCO DIV AND INC 1313 SHS P 2015-12-31 2016-02-29 12372 13585 -1213 -1213 BLACKROCK STRATEGIC 625 SHS P 2016-03-31 2016-05-09 6058 6149 -91 -91 PIMCO LOW DURATION .2230 SHS P 2016-04-29 2016-05-09 2 2 0 0 ALLIANZGI NFJ 514 SHS P 2016-06-16 2016-09-16 8210 7993 217 217 PIMCO ALL ASSET .0770 SHS P 2016-03-17 2016-05-09 1 1 0 0 JP MORGAN .4450 SHS P 2016-04-28 2016-05-09 5 5 0 0 IVA WORLDWIDE .7720 SHS P 2015-12-16 2016-05-09 13 13 0 0 WEITZ PARTNERS VALUE .8130 SHS P 2015-12-29 2016-05-09 22 23 -1 -1 WELLS FARGO ASSET .1754 SHS P 2015-12-29 2016-05-09 2 2 0 0 WELLS FARGO ABSOLUTE .1524 SHS P 2015-12-29 2016-05-09 2 2 0 0 BLACKROCK GLOBAL .2890 SHS P 2015-12-16 2016-05-09 5 5 0 0 COLUMBIA PIPELINE GROUP 6000 SHS P 2011-01-11 2016-07-01 153000 70417 82583 82583 GABELLI HEALTHCARE 4000 SHS P 2014-09-17 2016-02-29 107968 100000 7968 7968 WELLS FARGO & CO 4000 SHS P 2013-03-06 2016-08-01 112517 116160 -3643 -3643 WELLS FARGO AND CO 6000 SHS P 2013-12-11 2016-08-01 180906 150000 30906 30906 ASTON LAKE 561 SHS P 2014-12-30 2016-09-16 6642 7330 -688 -688 HIGHLAND GLOBAL ALLOC 9665 SHS P 2015-06-30 2016-09-22 98293 125803 -27510 -27510 PIMCO DIV AND INC 10941 SHS P 2014-12-31 2016-02-29 103064 114636 -11572 -11572 BLACKROCK STRATEGIC 1986 SHS P 2013-03-28 2016-05-09 19244 19990 -746 -746 ALLIANZGI NFJ 1678 SHS P 2015-06-18 2016-09-16 26798 24876 1922 1922 MARKETFIELD FUND 6699 SHS P 2013-12-04 2016-05-18 92637 100492 -7855 -7855 WELLS FARGO ABSOLUTE 7396 SHS P 2012-06-25 2016-05-09 74998 71850 3148 3148 VIRGINA ST HSG 200000 SHS P 2010-01-05 2016-11-01 200000 198000 2000 2000 BARCLAYS BANK 3000 SHS P 2010-01-21 2016-06-15 75000 73500 1500 1500 SANTANDERS FINANCE 3000 SHS P 2010-11-23 2016-09-16 70262 53400 16862 16862 ASTON LAKE 8138 SHS P 2011-12-29 2016-09-16 96354 101628 -5274 -5274 JENSEN QUALITY 7254 SHS P 2010-01-12 2016-09-22 287979 171578 116401 116401 BLACKROCK STRATEGIC 16988 SHS P 2011-12-30 2016-05-09 164614 162357 2257 2257 PIMCO LOW DURATION 10,111 SHS P 2009-09-30 2016-05-09 99998 102863 -2865 -2865 ALLIANZGI NFJ 18690 SHS P 2011-03-17 2016-09-16 296695 189888 106807 106807 PIMCO ALL ASSET 12330 SHS P 2009-09-30 2016-05-09 99999 131442 -31443 -31443 JP MORGAN STRATEGIC 8880 SHS P 2009-09-30 2016-05-09 99995 101741 -1746 -1746 IVA WORLDWIDE 4539 SHS P 2009-09-30 2016-05-09 74987 68178 6809 6809 WEITZ PARTNERS VALUE 3625 SHS P 2009-10-14 2016-05-09 99978 58671 41307 41307 WELLS FARGO ASSET 7936 SHS P 2009-09-30 2016-05-09 99998 89045 10953 10953 BLACKROCK GLOBAL 5608 SHS P 2009-09-30 2016-05-09 99995 98873 1122 1122 MONARCH DEBT RECOVERY 188583 SHS P 2009-07-01 2016-02-01 186660 141912 44748 44748 PMF TEI FUND 611 SHS P 2013-04-01 2016-12-31 65524 58900 6624 6624 ENDOWMENT FUND 4034 SHS P 2010-09-01 2016-12-31 199552 199945 -393 -393 CAPITAL GAINS DIVIDENDS P 104414 104414 104414 548749 0 1510316 20859582 0.072404 1088740 20920382 0.052042 1039991 20323874 0.051171 1116912 21549192 0.051831 1017037 21237148 0.047890 0.275338 0.055068 19944466 1098302 12512 1110814 1870000 X 12512 0 12512 0 12512 16162 13000 29162 16650 16650 0 0 0 0 0 0 0 0 0 0 0 1 1 MI 1 0 0 0 0 1 N/A JO ELYN NYMAN 2486451307 1004 BROOKWOOD BIRMINGHAM MI 48009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BRUCE FRANKEL 700 ARDMOOR DRIVE BLOOMFIELD MI 48301 PRESIDENT AND TRUSTEE 2.00 0 0 0 JO ELYN NYMAN 1004 BROOKWOOD BIRMINGHAM MI 48009 VICE PRESIDENT, TREASURER, 4.00 0 0 0 GEORGE NYMAN 1004 BROOKWOOD BIRMINGHAM MI 48009 SECRETARY AND TRUSTEE 2.00 0 0 0 NONE 0 NONE 0 0 19543231 704958 0 20248189 0 0 20248189 303723 19944466 997223 997223 12512 12512 984711 0 984711 0 984711 1870000 0 1870000 12512 1857488 984711 388505 0 0 1870000 388505 0 0 984711 496784 0 0 496784 0 0 0 0 0 0 0 496784 496784 BRUCE FRANKEL X AMERICAN DIABETES ASSOCIATION 1701 NORTH BEAUREGARD STREET ALEXANDRIA VA 22311 NONE 501(C)(3) MEDICAL RESEARCH 35000 BEAR HUG FOUNDATION 139 W MAPLE SUITE F BIRMINGHAM MI 48009 NONE 501(C)(3) OUTDOOR EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR FOSTER CHILDREN 30000 CAMP MAK-A-DREAM 121 W LONG LAKE ROAD BLOOMFIELD HILLS MI 48304 NONE 501(C)(3) ASSISTANCE FOR CHILDREN AND YOUNG ADULTS WITH CANCER 5000 CARE HOUSE OF OAKLAND COUNTY 44765 WOODWARD AVENUE PONTIAC MI 48341 NONE 501(C)(3) ASSISTANCE FOR ABUSED AND NEGLECTED CHILDREN 100000 CHRONS & COLITIS FOUNDATION 25882 ORCHARD LAKE ROAD SUITE 102 FARMINGTON HILLS MI 48336 NONE 501(C)(3) MEDICAL RESEARCH 40000 FAR CONSERVATORY 1669 WEST MAPLE ROAD BIRMINGHAM MI 48009 NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 30000 GARY BURNSTEIN COMMUNITY HEALTH CLINIC 45580 WOODWARD AVE PONTIAC MI 48341 NONE 501(C)(3) MEDICAL CARE FOR THE IN NEED 5000 JARC 30301 NORTHWESTERN HIGHWAY SUITE 100 FARMINGTON HILLS MI 48334 NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 100000 JEWISH HOPICE & CHAPLAINCY NETWORK 6555 W MAPLE ROAD WEST BLOOMFIELD MI 48322 NONE 501(C)(3) PALLIATIVE CARE AND HOSPICE CARE FOR THE TERMINALLY ILL 10000 MICHIGAN LEAGUE FOR PUBLIC POLICY 1223 TURNER STREET STE G1 LANSING MI 48906 NONE 501(C)(3) ECONOMIC SECURITY AND WELL-BEING FOR PEOPLE IN MICHIGAN 15000 UNIVERSITY OF MICHIGAN 3003 SOUTH STATE ST STE 8000 ANN ARBOR MI 48109 NONE 501(C)(3) NEW MEDICAL FACILITY 1500000 1870000 0 14 257030 14 447989 14 13225 14 548749 0 1266993 0 1266993 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 2500 0 0 100000 SHS AMERICAN EXPRESS 103380 99250 100000 SHS JPMORGAN CHASE & CO 117750 103550 100000 SHS PNC FINANCIAL SRV 113355 107625 100000 SHS WELLS FARGO & CO 112505 104500 123000 SHS GENERAL ELEC CAP CORP 107935 127638 150000 SHS GENERAL ELEC CAP CORP 150000 151215 20000 SHS TORTOISE ENERGY INFRAS CORP 0 0 200000 SHS CMS 10 FLOATER ISS BAC 200000 195250 3000 SHS BARCLAYS BANK PLC 0 0 3000 SHS HSBC HLDGS PLC 60919 75600 3000 SHS HSBC HLDGS PLC 83548 77400 3000 SHS SANTANDER FINANCE 0 0 4000 SHS CAPITAL ONE FINANCIAL 100000 100240 4000 SHS CITIGROUP INC 100000 104720 4000 SHS GABELLI HEALTHCARE 0 0 4000 SHS STATE STREET CORP 100000 101200 4000 SHS WELLS FARGO & CO NEW 0 0 50000 SHS SUNTRUST BANKS 52130 51187 6000 SHS BANK OF AMERICA CORP 150000 154260 6000 SHS CHS INC 150000 162840 6000 SHS WELLS FARGO& COMPANY 0 0 8000 SHS JP MORGAN CHASE 200000 202880 8000 SHS THE SOUTHERN COMPANY 200000 208800 150000 SHS CITIGROUP 147905 152242 77000 SHS GENERAL ELECTRIC 77968 79903 100000 SHS METLIFE INC 102005 101250 50000 SHS SUNTRUST BANK INC 50670 51187 250000 SHS WELLS FARGO & CO 280255 262475 5000 CHARLES SCHWAB CORP 125000 124950 6000 SHS DOMINION RESOURCES 150000 133200 4000 SHS GABELLI GLOBAL SMALL CAP 100000 95748 1000 SHS EMERSON ELEC CO 44240 55750 1000 SHS GENERAL MOTORS CO 36325 34840 10000 SHS SX5E LIRN ISSUER RBC 100000 108400 1200 SHS NESTLE S A REP 52152 86088 12500 SHS DJIA LIRN ISSUER RBC 125000 151812 1500 SHS WASTE MANGEMENT 47441 106365 2000 SHS COCA COLA 50157 82920 2000 SHS MICROSOFT CORP 51018 124280 2000 SHS RAYONIER INC 65465 53200 2000 SHS UNILEVER PLC 51538 81400 20000 SHS BASKET STEPUP ISSU 200000 189000 20000 SHS DJIA LIRN ISSUER RBC 200000 227920 20000 SHS SP500 STEPUP ISSU 0 0 25000 DJIA LIRN ISSUER CS 250000 262775 3000 SHS INTEL CORP 59310 108810 3000 SHS WEYERHAUEUSER 91200 90270 6000 SHS COLUMBIA PIPELINE GROUP 0 0 6000 SHS NISOURCE INC 39438 132840 700 SHS CATERPILLAR 55916 64918 850 SHS DIAGEO PLC SPSD 50222 88349 850 SHS JOHNSON AND JOHNSON 50633 97928 900 SHS KELLOGG CO 47469 66340 12500 SHS SX7P LIRN ISSUER 125000 90750 15000 SHS DJIA LIRN ISSUER HSBC 150000 153450 20000 SHS SP500 LIRN ISSUER HSBC 200000 214800 25000 SHS DJIA LIRN ISSUER CS 250000 290100 20000 SHS SP500 LIRN ISSUER HSBC 200000 190400 0 0 4177905 4565887 100 SHS WESTERN ASSET MIDDLE MARKET AT COST 103000 78438 10000 SHS BLACKRCK DFND OPPR AT COST 133878 137903 10000 SHS NUVEEN BUILD AMERICA AT COST 199040 209300 7244 SHS WEITZ PARTNERS VALUE FD AT COST 138998 210322 10967 SHS THE MERGER FUND CL AT COST 173233 171759 11809 SHS FAIRHOLME FUND AT COST 304413 256272 12116 SHS NUVEEN PREFERRED AT COST 190927 203806 125 SHS JOHN HANCOCK HIGH YIELD AT COST 439 433 12139 SHS HARTFORD MUT FDS AT COST 167222 167892 12126 SHS PIMCO DIVIDEND AND INCOME BLDR AT COST 0 0 5229 SHS JENSEN QUALITY GROWTH AT COST 165973 204536 12612 SHS ROYCE GLOBAL VALUE AT COST 109985 101355 13321 SHS NEUBERGER BERMAN LONG SHORT AT COST 152626 172116 14144 SHS FPA CRESCENT PORT AT COST 365398 461262 14370 SHS COLUMBIA FLEXIBLE CAPITAL INCOME AT COST 174065 172164 14351 SHS SENTINEL MULTI ASSET AT COST 188732 173510 1435 SHS TOCQUEVILLE GOLD FUND AT COST 75000 48474 16162 SHS ADVISORY RESEARCH MLP & ENERGY INCOME AT COST 185380 161144 15529 SHS SHENKMAN SHORT DURATION AT COST 157743 154521 16519 SHS PRINCIPAL GLOBAL DIVERSIFIED INCOME AT COST 220075 222018 18114 SHS LORD ABBETT FLOATING RATE FUND AT COST 162009 167198 18427 SHS PIMCO INCOME FUND AT COST 232613 222231 17959 SHS JOHN HANCOCK STRATEGIC INCOME AT COST 197259 190554 18187 SHS EATON VANCE RCHRD BRSTN AT COST 220271 271908 188583 MONARCH DEBT RECOVERY AT COST 0 0 9457 SHS PIMCO LOW DURATION FD AT COST 97095 93155 19402 SHS BLACKROCK STRATEGIC INCOME AT COST 0 0 222 SHS CZECH II SENIOR LOAN AT COST 226250 149320 20641 SHS ALLIANZGI NF J DIVDEND AT COST 0 0 16333 SHS BLACKROCK GLOBAL AT COST 296419 298582 14994 SHS WELLS FARGO ABSOLUTE RETURN AT COST 147472 155044 18235 SHS IVA WORLDWIDE AT COST 278536 313471 24700 AVENUE CREDIT STRATEGIES AT COST 262724 214155 250 SHS WESTERN ASSET MIDDLE MKT AT COST 254375 195380 18552 SHS JP MORGAN STRATEGIC AT COST 213438 215028 18983 SHS WELLS FARGO ASSET ALLOCATION AT COST 221735 243751 31153 SHS EATON VANCE SHT DURT STRATEGIC INCOME AT COST 245312 229288 3131 SHS MATTHEWS ASIA DIVIDEND AT COST 52388 48604 32790 SHS VIRTUS MULTI SECTOR AT COST 156989 155099 3209 SHS FIRST EAGLE GOLD FUND AT COST 75000 51316 3553 SHS FIRST EAGLE FUNDS OF AMERICA AT COST 121762 116492 35556 SHS T ROWE PRICE SHORT TERM AT COST 171677 167472 31863 SHS PIMCO ALL ASSET AT COST 326583 267331 45 SHS PIMCO UNCONSTRAINED AT COST 492 487 4859 SHS KINETICS PARADIGM FUND AT COST 175000 183651 5000 SHS PIMCO DYNAMIC AT COST 103350 101100 5251 SHS MATTHEWS JAPAN FUND AT COST 101122 98887 491 SHS PMF TEI FUND AT COST 49171 53417 6000 SHS GOLDMAN SACHS MLP INCOME AT COST 78360 58320 6823 SHS FIRST EAGLE GLOBAL AT COST 345240 371800 6698 SHS MAINSTAY MARKETFIELD AT COST 0 0 7594 SHS DOUBLELINE INCOME SOLUTION AT COST 172545 144210 8143 SHS DAVIS NEW YORK VENTURE AT COST 291240 253502 85 SHS GOLDMAN SACHS STRATEGIC AT COST 867 822 9310 SHS ASTON/LAKE PARTNERS AT COST 0 0 9426 SHS OAKMARK GLOBAL SELECT AT COST 159206 158456 9980 SHS HIGHLAND GLOBAL ALLOCATION AT COST 0 0 5000 SHS RIVERNORTH/DOUBLELINE AT COST 100000 92200 10000 SHS INVESCO HIGH INCOME AT COST 100000 102300 9488 SHS ASHMORE EMERGING AT COST 76361 74391 6790 SHS ANGEL OAK AT COST 76123 76123 7715 AQR STYLE AT COST 76312 76537 BASIS ADJUSTMENTS - OTHER INVESTMENTS -29406 -37264 STATE FILING FEE 20 0 0 BOND PREMIUM AMORTIZATION 5780 0 0 PORTFOLIO DEDUCTIONS 2651 0 0 OTHER DEDUCTIONS 2545 0 0 ORDINARY INCOME - CZECH SENIOR II 13225 13225 13225 INVESTMENT AND ADVISORY FEES 71048 0 0 FOREIGN TAX WITHHELD 1704 0 0 FEDERAL EXCISE TAX 15000 0 0