﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2013v3.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2014-11-17T15:23:28-06:00</ReturnTs>
    <TaxPeriodEndDt>2013-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>371452579</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1>EILEEN P MUELLER CPA</BusinessNameLine1>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1>161 ROSS AVE</AddressLine1>
        <City>HACKENSACK</City>
        <State>NJ</State>
        <ZIPCode>07601</ZIPCode>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2013-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>203985154</EIN>
      <BusinessName>
        <BusinessNameLine1>GRO FOUNDATION</BusinessNameLine1>
        <BusinessNameLine2>C/O GIRISH BHAKOO</BusinessNameLine2>
      </BusinessName>
      <BusinessNameControlTxt>GROF</BusinessNameControlTxt>
      <PhoneNum>2128325280</PhoneNum>
      <USAddress>
        <AddressLine1>245 WEST 99TH STREET</AddressLine1>
        <AddressLine2>ROOM/SUITE 30B</AddressLine2>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10025</ZIPCode>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>GIRISH BHAKOO</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2128325280</PhoneNum>
      <SignatureDt>2014-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>EILEEN MUELLER</PreparerPersonNm>
      <PTIN>P00640642</PTIN>
      <PhoneNum>2013430496</PhoneNum>
      <PreparationDt>2014-11-17</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2013</TaxYr>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="RetDoc1">
      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2627261</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>35987</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>35987</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>428734</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>969162</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>428734</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>464721</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>464721</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc6">1465</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>1465</LegalFeesNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">1000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1000</AccountingFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc10">3037</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3037</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc8">1180</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>1180</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>6682</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>6682</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>52280</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>52280</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>58962</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>6682</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>52280</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>405759</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>458039</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1986</CashBOYAmt>
        <CashEOYAmt>2863</CashEOYAmt>
        <CashEOYFMVAmt>2863</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>139012</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>260100</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>260100</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1475019</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc5">1760960</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2364298</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>1616017</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2023923</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2627261</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>1616017</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2023923</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1616017</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2023923</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1616017</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2023923</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1616017</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>405759</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc9">5533</OtherIncreasesAmt>
        <SubtotalAmt>2027309</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc7">3386</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2023923</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>51 JOB INC SPONS ADR RESTG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2007-09-18</AcquiredDt>
          <SoldDt>2013-10-18</SoldDt>
          <GrossSalesPriceAmt>6519</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1365</CostOrOtherBasisAmt>
          <GainOrLossAmt>5154</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5154</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-04-28</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>32080</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12100</CostOrOtherBasisAmt>
          <GainOrLossAmt>19980</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19980</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONVENIENCE RETAIL ASIA LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-10-30</AcquiredDt>
          <SoldDt>2013-11-05</SoldDt>
          <GrossSalesPriceAmt>2121</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>836</CostOrOtherBasisAmt>
          <GainOrLossAmt>1285</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1285</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-04</AcquiredDt>
          <SoldDt>2013-04-17</SoldDt>
          <GrossSalesPriceAmt>8055</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2869</CostOrOtherBasisAmt>
          <GainOrLossAmt>5186</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5186</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PORSCHE AG DR ING HOF PFD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-07-17</AcquiredDt>
          <SoldDt>2013-01-09</SoldDt>
          <GrossSalesPriceAmt>19916</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30951</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11035</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11035</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-14</SoldDt>
          <GrossSalesPriceAmt>13450</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7023</CostOrOtherBasisAmt>
          <GainOrLossAmt>6427</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6427</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ADVANCE AUTO PTS INC. COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-10-28</AcquiredDt>
          <SoldDt>2013-10-17</SoldDt>
          <GrossSalesPriceAmt>25286</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9529</CostOrOtherBasisAmt>
          <GainOrLossAmt>15757</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15757</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-03</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>12412</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4763</CostOrOtherBasisAmt>
          <GainOrLossAmt>7649</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7649</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONVENIENCE RETAIL ASIA LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-10-30</AcquiredDt>
          <SoldDt>2013-11-06</SoldDt>
          <GrossSalesPriceAmt>38548</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15163</CostOrOtherBasisAmt>
          <GainOrLossAmt>23385</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23385</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-07</AcquiredDt>
          <SoldDt>2013-04-16</SoldDt>
          <GrossSalesPriceAmt>3778</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1239</CostOrOtherBasisAmt>
          <GainOrLossAmt>2539</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2539</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>QUESTERRE ENERGY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-06-02</AcquiredDt>
          <SoldDt>2013-02-13</SoldDt>
          <GrossSalesPriceAmt>2652</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13685</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11033</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11033</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-15</SoldDt>
          <GrossSalesPriceAmt>1124</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>584</CostOrOtherBasisAmt>
          <GainOrLossAmt>540</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>540</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ADVANCE AUTO PTS INC COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-10-28</AcquiredDt>
          <SoldDt>2013-10-18</SoldDt>
          <GrossSalesPriceAmt>8730</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3246</CostOrOtherBasisAmt>
          <GainOrLossAmt>5484</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5484</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-05</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>19243</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7297</CostOrOtherBasisAmt>
          <GainOrLossAmt>11946</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11946</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONVENIENCE RETAIL ASIA LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2007-05-22</AcquiredDt>
          <SoldDt>2013-10-25</SoldDt>
          <GrossSalesPriceAmt>14365</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9353</CostOrOtherBasisAmt>
          <GainOrLossAmt>5012</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5012</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-07</AcquiredDt>
          <SoldDt>2013-04-17</SoldDt>
          <GrossSalesPriceAmt>18411</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6608</CostOrOtherBasisAmt>
          <GainOrLossAmt>11803</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11803</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL BANK OF SCOTLAND GROUP PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-03-17</AcquiredDt>
          <SoldDt>2013-12-13</SoldDt>
          <GrossSalesPriceAmt>771</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7995</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7224</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7224</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-16</SoldDt>
          <GrossSalesPriceAmt>12010</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6211</CostOrOtherBasisAmt>
          <GainOrLossAmt>5799</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5799</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-08</SoldDt>
          <GrossSalesPriceAmt>5620</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4866</CostOrOtherBasisAmt>
          <GainOrLossAmt>754</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>754</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-06</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>5729</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2168</CostOrOtherBasisAmt>
          <GainOrLossAmt>3561</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3561</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>EXXON MOBILE CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-06-28</AcquiredDt>
          <SoldDt>2013-04-17</SoldDt>
          <GrossSalesPriceAmt>17280</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14098</CostOrOtherBasisAmt>
          <GainOrLossAmt>3182</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3182</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-10</SoldDt>
          <GrossSalesPriceAmt>4585</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2934</CostOrOtherBasisAmt>
          <GainOrLossAmt>1651</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1651</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL BANK OF SCOTLAND GROUP PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-05-27</AcquiredDt>
          <SoldDt>2013-12-13</SoldDt>
          <GrossSalesPriceAmt>941</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8980</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8039</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-8039</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BANDU COM INC SPONS ADR REPSTG ORD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-02-12</AcquiredDt>
          <SoldDt>2013-09-10</SoldDt>
          <GrossSalesPriceAmt>15367</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10561</CostOrOtherBasisAmt>
          <GainOrLossAmt>4806</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4806</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-09</SoldDt>
          <GrossSalesPriceAmt>772</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>682</CostOrOtherBasisAmt>
          <GainOrLossAmt>90</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>90</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-07</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>9548</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3605</CostOrOtherBasisAmt>
          <GainOrLossAmt>5943</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5943</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUMBO SA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-09-17</AcquiredDt>
          <SoldDt>2013-04-18</SoldDt>
          <GrossSalesPriceAmt>18475</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11697</CostOrOtherBasisAmt>
          <GainOrLossAmt>6778</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6778</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-10</SoldDt>
          <GrossSalesPriceAmt>1994</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1274</CostOrOtherBasisAmt>
          <GainOrLossAmt>720</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>720</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL BANK OF SCOTLAND GROUP PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2007-11-05</AcquiredDt>
          <SoldDt>2013-12-13</SoldDt>
          <GrossSalesPriceAmt>833</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12372</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11539</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11539</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-06-20</AcquiredDt>
          <SoldDt>2013-06-26</SoldDt>
          <GrossSalesPriceAmt>3</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1</CostOrOtherBasisAmt>
          <GainOrLossAmt>2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-12</SoldDt>
          <GrossSalesPriceAmt>386</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>343</CostOrOtherBasisAmt>
          <GainOrLossAmt>43</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>43</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-10</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>8211</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3136</CostOrOtherBasisAmt>
          <GainOrLossAmt>5075</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5075</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNEX INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-07-29</AcquiredDt>
          <SoldDt>2013-07-09</SoldDt>
          <GrossSalesPriceAmt>1285</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10373</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9088</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9088</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-11</SoldDt>
          <GrossSalesPriceAmt>6003</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3823</CostOrOtherBasisAmt>
          <GainOrLossAmt>2180</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2180</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ULTRA PETE CORP COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-25</AcquiredDt>
          <SoldDt>2013-11-04</SoldDt>
          <GrossSalesPriceAmt>9545</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16310</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6765</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6765</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-06-20</AcquiredDt>
          <SoldDt>2013-08-08</SoldDt>
          <GrossSalesPriceAmt>624</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>627</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-13</SoldDt>
          <GrossSalesPriceAmt>1648</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1476</CostOrOtherBasisAmt>
          <GainOrLossAmt>172</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>172</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-24</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>8402</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3143</CostOrOtherBasisAmt>
          <GainOrLossAmt>5259</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5259</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KABEL DEUTSCHLAND HOLDING AG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-01-12</AcquiredDt>
          <SoldDt>2013-07-09</SoldDt>
          <GrossSalesPriceAmt>8344</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3637</CostOrOtherBasisAmt>
          <GainOrLossAmt>4707</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4707</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-11</SoldDt>
          <GrossSalesPriceAmt>10782</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6864</CostOrOtherBasisAmt>
          <GainOrLossAmt>3918</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3918</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNILVER PAKISTAN LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-09-02</AcquiredDt>
          <SoldDt>2013-05-06</SoldDt>
          <GrossSalesPriceAmt>121302</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21937</CostOrOtherBasisAmt>
          <GainOrLossAmt>99365</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>99365</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MICHAEL PAGE INTL PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-16</AcquiredDt>
          <SoldDt>2013-07-16</SoldDt>
          <GrossSalesPriceAmt>3</GrossSalesPriceAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-14</SoldDt>
          <GrossSalesPriceAmt>403</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>357</CostOrOtherBasisAmt>
          <GainOrLossAmt>46</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>46</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BERGER INTL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-05-25</AcquiredDt>
          <SoldDt>2013-09-05</SoldDt>
          <GrossSalesPriceAmt>14650</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5444</CostOrOtherBasisAmt>
          <GainOrLossAmt>9206</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9206</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KABEL DEUTSCHLAND HOLDING AG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-01-12</AcquiredDt>
          <SoldDt>2013-07-18</SoldDt>
          <GrossSalesPriceAmt>73621</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31100</CostOrOtherBasisAmt>
          <GainOrLossAmt>42521</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>42521</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-11</SoldDt>
          <GrossSalesPriceAmt>26</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17</CostOrOtherBasisAmt>
          <GainOrLossAmt>9</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED SPIRITS LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-19</AcquiredDt>
          <SoldDt>2013-11-26</SoldDt>
          <GrossSalesPriceAmt>50165</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26819</CostOrOtherBasisAmt>
          <GainOrLossAmt>23346</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23346</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-19</SoldDt>
          <GrossSalesPriceAmt>2397</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2102</CostOrOtherBasisAmt>
          <GainOrLossAmt>295</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>295</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPELLA ED CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-11-30</AcquiredDt>
          <SoldDt>2013-05-22</SoldDt>
          <GrossSalesPriceAmt>33689</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>41390</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7701</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7701</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KABEL DEUTSCHLAND HOLDING AG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-02-08</AcquiredDt>
          <SoldDt>2013-07-08</SoldDt>
          <GrossSalesPriceAmt>29261</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14153</CostOrOtherBasisAmt>
          <GainOrLossAmt>15108</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15108</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-12</SoldDt>
          <GrossSalesPriceAmt>784</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>501</CostOrOtherBasisAmt>
          <GainOrLossAmt>283</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>283</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-02</SoldDt>
          <GrossSalesPriceAmt>1616</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1030</CostOrOtherBasisAmt>
          <GainOrLossAmt>586</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>586</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-19</SoldDt>
          <GrossSalesPriceAmt>20830</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14275</CostOrOtherBasisAmt>
          <GainOrLossAmt>6555</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6555</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONCUR TECHNOLOGIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-11-20</AcquiredDt>
          <SoldDt>2013-08-13</SoldDt>
          <GrossSalesPriceAmt>15754</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5823</CostOrOtherBasisAmt>
          <GainOrLossAmt>9931</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9931</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KABEL DEUTSCHLAND HOLDING AG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-02-08</AcquiredDt>
          <SoldDt>2013-07-09</SoldDt>
          <GrossSalesPriceAmt>33911</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16434</CostOrOtherBasisAmt>
          <GainOrLossAmt>17477</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17477</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-12</SoldDt>
          <GrossSalesPriceAmt>6180</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3951</CostOrOtherBasisAmt>
          <GainOrLossAmt>2229</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2229</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-05</SoldDt>
          <GrossSalesPriceAmt>3396</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2177</CostOrOtherBasisAmt>
          <GainOrLossAmt>1219</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1219</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-20</SoldDt>
          <GrossSalesPriceAmt>2145</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1459</CostOrOtherBasisAmt>
          <GainOrLossAmt>686</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>686</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONCUR TECHNOLOGIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-11-20</AcquiredDt>
          <SoldDt>2013-08-13</SoldDt>
          <GrossSalesPriceAmt>4990</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1843</CostOrOtherBasisAmt>
          <GainOrLossAmt>3147</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3147</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-02-28</AcquiredDt>
          <SoldDt>2013-04-17</SoldDt>
          <GrossSalesPriceAmt>2301</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>816</CostOrOtherBasisAmt>
          <GainOrLossAmt>1485</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1485</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-12</SoldDt>
          <GrossSalesPriceAmt>1506</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>961</CostOrOtherBasisAmt>
          <GainOrLossAmt>545</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>545</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-06</SoldDt>
          <GrossSalesPriceAmt>8008</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5364</CostOrOtherBasisAmt>
          <GainOrLossAmt>2644</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2644</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-22</SoldDt>
          <GrossSalesPriceAmt>4454</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3084</CostOrOtherBasisAmt>
          <GainOrLossAmt>1370</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1370</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONCUR TECHNOLOGIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-11-20</AcquiredDt>
          <SoldDt>2013-08-13</SoldDt>
          <GrossSalesPriceAmt>16956</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6265</CostOrOtherBasisAmt>
          <GainOrLossAmt>10691</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10691</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-02-28</AcquiredDt>
          <SoldDt>2013-04-18</SoldDt>
          <GrossSalesPriceAmt>33847</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13052</CostOrOtherBasisAmt>
          <GainOrLossAmt>20795</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>20795</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-15</SoldDt>
          <GrossSalesPriceAmt>8306</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5307</CostOrOtherBasisAmt>
          <GainOrLossAmt>2999</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2999</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-07</SoldDt>
          <GrossSalesPriceAmt>1680</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1133</CostOrOtherBasisAmt>
          <GainOrLossAmt>547</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>547</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALENT PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-16</SoldDt>
          <GrossSalesPriceAmt>689</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>478</CostOrOtherBasisAmt>
          <GainOrLossAmt>211</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>211</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONCUR TECHNOLOGIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-11-20</AcquiredDt>
          <SoldDt>2013-08-14</SoldDt>
          <GrossSalesPriceAmt>11201</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4164</CostOrOtherBasisAmt>
          <GainOrLossAmt>7037</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7037</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-01</AcquiredDt>
          <SoldDt>2013-04-18</SoldDt>
          <GrossSalesPriceAmt>6346</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2479</CostOrOtherBasisAmt>
          <GainOrLossAmt>3867</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3867</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-15</SoldDt>
          <GrossSalesPriceAmt>6727</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4305</CostOrOtherBasisAmt>
          <GainOrLossAmt>2422</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2422</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-10</AcquiredDt>
          <SoldDt>2013-08-08</SoldDt>
          <GrossSalesPriceAmt>182</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>122</CostOrOtherBasisAmt>
          <GainOrLossAmt>60</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>60</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AMERICAN PUB ED INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-08-31</AcquiredDt>
          <SoldDt>2013-08-15</SoldDt>
          <GrossSalesPriceAmt>7558</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4962</CostOrOtherBasisAmt>
          <GainOrLossAmt>2596</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2596</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONCUR TECHNOLOGIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-11-20</AcquiredDt>
          <SoldDt>2013-08-14</SoldDt>
          <GrossSalesPriceAmt>12780</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4754</CostOrOtherBasisAmt>
          <GainOrLossAmt>8026</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8026</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-02</AcquiredDt>
          <SoldDt>2013-04-16</SoldDt>
          <GrossSalesPriceAmt>6296</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2069</CostOrOtherBasisAmt>
          <GainOrLossAmt>4227</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4227</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MOVE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-11</AcquiredDt>
          <SoldDt>2013-07-16</SoldDt>
          <GrossSalesPriceAmt>1423</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>879</CostOrOtherBasisAmt>
          <GainOrLossAmt>544</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>544</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-08</SoldDt>
          <GrossSalesPriceAmt>559</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>294</CostOrOtherBasisAmt>
          <GainOrLossAmt>265</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>265</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AMERICAN PUB ED INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-08-31</AcquiredDt>
          <SoldDt>2013-08-16</SoldDt>
          <GrossSalesPriceAmt>4033</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2643</CostOrOtherBasisAmt>
          <GainOrLossAmt>1390</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1390</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONVENIENCE RETAIL ASIA LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-10-30</AcquiredDt>
          <SoldDt>2013-10-25</SoldDt>
          <GrossSalesPriceAmt>5581</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2165</CostOrOtherBasisAmt>
          <GainOrLossAmt>3416</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3416</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORNINGSTAR JAPAN KK TOKYO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-03-03</AcquiredDt>
          <SoldDt>2013-04-16</SoldDt>
          <GrossSalesPriceAmt>23926</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7873</CostOrOtherBasisAmt>
          <GainOrLossAmt>16053</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16053</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PORSCHE AG DR ING HOF PFD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-01-31</AcquiredDt>
          <SoldDt>2013-01-09</SoldDt>
          <GrossSalesPriceAmt>3983</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7478</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3495</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3495</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VESUVIUS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-21</AcquiredDt>
          <SoldDt>2013-08-13</SoldDt>
          <GrossSalesPriceAmt>9798</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5182</CostOrOtherBasisAmt>
          <GainOrLossAmt>4616</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4616</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>428734</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>4808</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>69400</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1722348</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.040294</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>60400</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1654133</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.036515</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>10400</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1497097</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.006947</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>118062</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1115716</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.105817</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>167317</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1135426</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.147361</DistributionYr5Rt>
        <TotalDistributionRt>0.336934</TotalDistributionRt>
        <AverageDistributionRt>0.067387</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>2280993</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>153709</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>4580</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>158289</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>52280</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9161</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9161</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9161</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2468</EstimatedPlusOvpmtIncmTxAmt>
        <AppliedToEsTaxAmt>11500</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>13968</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc2">X</Form2220AttachedInd>
        <OverpaymentAmt>4807</OverpaymentAmt>
        <AppliedToESTaxAmt>4807</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>GRO FOUNDATION INC</IndividualWithBooksNm>
        <PhoneNum>2128325280</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1>245 WEST 99TH STREET</AddressLine1>
          <AddressLine2>APT 30B</AddressLine2>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10025</ZIPCode>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm referenceDocumentId="RetDoc4">GIRISH BHAKOO</PersonNm>
          <USAddress>
            <AddressLine1>245 WEST 99TH STREET</AddressLine1>
            <AddressLine2>APT 30B</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10025</ZIPCode>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2076148</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>239581</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2315729</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2315729</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>34736</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2280993</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>114050</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>114050</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9161</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9161</TotalTaxAmt>
        <DistributableBeforeAdjAmt>104889</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>104889</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>104889</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>52280</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>52280</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>52280</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>104889</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>22863</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>65242</ExcessDistributionCyovYr4Amt>
        <TotalExcessDistributionCyovAmt>88105</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>52280</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>52280</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>52609</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>52609</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>35496</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>35496</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>35496</ExcessFromYear4Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEACH FOR AMERICA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>315 W 36TH STREET</AddressLine1>
            <AddressLine2>6TH FLOOR</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>12780</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>MERCY FOR ANIMALS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>8033 SUNSET BLVD</AddressLine1>
            <AddressLine2>STE 864</AddressLine2>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90046</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>THE AKANKSHA FUND INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1714</AddressLine1>
            <AddressLine2>CATHEDRAL STATION</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10025</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>24500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>52280</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <RelatedOrExemptFunctionIncmAmt>35987</RelatedOrExemptFunctionIncmAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>428734</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>464721</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>464721</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION</CategoryTxt>
        <Amt>1000</Amt>
        <NetInvestmentIncomeAmt>1000</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <CompensationExplanation documentId="RetDoc4">
      <CompensationExplanationGrp>
        <PersonNm>GIRISH BHAKOO</PersonNm>
      </CompensationExplanationGrp>
    </CompensationExplanation>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>104 CORP - 9100 SHS</StockNm>
        <EOYBookValueAmt>20958</EOYBookValueAmt>
        <EOYFMVAmt>32674</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>51 JOB INC SPONS ADR RESG - 165 SHS</StockNm>
        <EOYBookValueAmt>2650</EOYBookValueAmt>
        <EOYFMVAmt>12854</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>51JOB INC SPONS ADR RESTG - 250 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ADVANCE AUTO PTS INC. - 350 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALENT PLC - 2090</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALENT PLC - 5250 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN PUB ED INC. - 305 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMOREPACIFIC NEW PFD - 75 SHS</StockNm>
        <EOYBookValueAmt>10573</EOYBookValueAmt>
        <EOYFMVAmt>29902</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAJAJ HLDGS &amp; INVT LTD - 2050 SHS</StockNm>
        <EOYBookValueAmt>33305</EOYBookValueAmt>
        <EOYFMVAmt>29434</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 100777 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 168000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 30000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 43000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 44000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 50000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 65000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERGER INTL LTD - 76723 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOOKOOK SECURITY CO LTD PFD - 2000 S</StockNm>
        <EOYBookValueAmt>20373</EOYBookValueAmt>
        <EOYFMVAmt>19414</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BURBERRY LTD - 2000 SHS</StockNm>
        <EOYBookValueAmt>32954</EOYBookValueAmt>
        <EOYFMVAmt>50210</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAPELLA ED CO. - 755 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLEMAGNE CAPITAL LTD - 518 SHS</StockNm>
        <EOYBookValueAmt>97</EOYBookValueAmt>
        <EOYFMVAmt>121</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLEMAGNE CAPITAL LTD - 760 SHS</StockNm>
        <EOYBookValueAmt>211</EOYBookValueAmt>
        <EOYFMVAmt>178</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLEMAGNE CAPITAL LTD. - 15000 SHS</StockNm>
        <EOYBookValueAmt>11916</EOYBookValueAmt>
        <EOYFMVAmt>3509</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLEMAGNE CAPITAL LTD. - 210 SHS</StockNm>
        <EOYBookValueAmt>59</EOYBookValueAmt>
        <EOYFMVAmt>49</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLEMAGNE CAPITAL LTD - 929 SHS</StockNm>
        <EOYBookValueAmt>164</EOYBookValueAmt>
        <EOYFMVAmt>217</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHESAPEAKE ENERGY CORP - 1025 SHS</StockNm>
        <EOYBookValueAmt>20326</EOYBookValueAmt>
        <EOYFMVAmt>27819</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COGNIZANT TECHNOLOGY SOLUTIONS - 400</StockNm>
        <EOYBookValueAmt>22996</EOYBookValueAmt>
        <EOYFMVAmt>40392</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COLFAX CORP - 1425 SHS</StockNm>
        <EOYBookValueAmt>40885</EOYBookValueAmt>
        <EOYFMVAmt>90758</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONCUR TECHNOLOGIES - 620 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONVENIENCE RETAIL ASIA - 20000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONVENIENCE RETAIL ASIA - 98900 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONVENIENCE RETAIL ASIA - 33,700 SHS</StockNm>
        <EOYBookValueAmt>9388</EOYBookValueAmt>
        <EOYFMVAmt>24427</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXXON MOBILE CORP. - 202 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GAZPROM OAO SPON ADR REG S - 620 SHS</StockNm>
        <EOYBookValueAmt>40881</EOYBookValueAmt>
        <EOYFMVAmt>13681</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOOGLE INC. - 15 SHS</StockNm>
        <EOYBookValueAmt>7430</EOYBookValueAmt>
        <EOYFMVAmt>16811</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOOGLE INC. - 50 SHS</StockNm>
        <EOYBookValueAmt>24145</EOYBookValueAmt>
        <EOYFMVAmt>56036</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOOGLE INC. CLA - 25 SHS</StockNm>
        <EOYBookValueAmt>9251</EOYBookValueAmt>
        <EOYFMVAmt>28018</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HDFC BK LTD ADR REPSTG - 2365 SHS</StockNm>
        <EOYBookValueAmt>68912</EOYBookValueAmt>
        <EOYFMVAmt>81451</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HDFC BK LTD ADR REPSTG - 2500 SHS</StockNm>
        <EOYBookValueAmt>36400</EOYBookValueAmt>
        <EOYFMVAmt>86100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HYUNDAI MOTOR CO. LTD PFD - 350 SHS</StockNm>
        <EOYBookValueAmt>20178</EOYBookValueAmt>
        <EOYFMVAmt>37951</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL GENERAL INS - 19406 SH</StockNm>
        <EOYBookValueAmt>12441</EOYBookValueAmt>
        <EOYFMVAmt>30333</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL GENERAL INS - 19483 SH</StockNm>
        <EOYBookValueAmt>11675</EOYBookValueAmt>
        <EOYFMVAmt>30454</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JUMBO SA REG - 2000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JUNEX INC. - 3000 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KABEL DEUTSCHLAND HOLDING - 590 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KABEL DEUTSCHLAND HOLDING AG - 745 S</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 16.206 SHS</StockNm>
        <EOYBookValueAmt>242</EOYBookValueAmt>
        <EOYFMVAmt>264</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 16.387 SHS</StockNm>
        <EOYBookValueAmt>334</EOYBookValueAmt>
        <EOYFMVAmt>267</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 18.951 SHS</StockNm>
        <EOYBookValueAmt>328</EOYBookValueAmt>
        <EOYFMVAmt>309</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 3016.591 SHS</StockNm>
        <EOYBookValueAmt>20000</EOYBookValueAmt>
        <EOYFMVAmt>49110</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 47.514 SHS</StockNm>
        <EOYBookValueAmt>766</EOYBookValueAmt>
        <EOYFMVAmt>774</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 507.211 SHS</StockNm>
        <EOYBookValueAmt>6694</EOYBookValueAmt>
        <EOYFMVAmt>8257</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 56.353 SHS</StockNm>
        <EOYBookValueAmt>977</EOYBookValueAmt>
        <EOYFMVAmt>917</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICHAEL PAGE INTL PLC - 35 SHS</StockNm>
        <EOYBookValueAmt>204</EOYBookValueAmt>
        <EOYFMVAmt>283</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICHAEL PAGE INTL PLC - 4034 SHS</StockNm>
        <EOYBookValueAmt>23203</EOYBookValueAmt>
        <EOYFMVAmt>32600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICHAEL PAGE INTL PLC - 72 SHS</StockNm>
        <EOYBookValueAmt>407</EOYBookValueAmt>
        <EOYFMVAmt>582</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORNINGSTAR JAPAN KK TOKYO - 90 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOVE INC. - 3750 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NESTLE SA CHAM ET VEVEY - 1120 SHS</StockNm>
        <EOYBookValueAmt>38763</EOYBookValueAmt>
        <EOYFMVAmt>82320</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORASCOM DEVELOPMENT HLDG AG - 645 SH</StockNm>
        <EOYBookValueAmt>21747</EOYBookValueAmt>
        <EOYFMVAmt>10555</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PACIFIC CORP PFD SHS - 208 SHS</StockNm>
        <EOYBookValueAmt>49843</EOYBookValueAmt>
        <EOYFMVAmt>38213</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIONEER NAT RES CO. - 100 SHS</StockNm>
        <EOYBookValueAmt>6335</EOYBookValueAmt>
        <EOYFMVAmt>18407</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PORSCHE AUTOMOBILE HLDG - 300 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRIMERICA INC. COM - 5435 SHS</StockNm>
        <EOYBookValueAmt>124726</EOYBookValueAmt>
        <EOYFMVAmt>233216</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROSHARES SHORT S&amp;P 500 - 1100 SHS</StockNm>
        <EOYBookValueAmt>62293</EOYBookValueAmt>
        <EOYFMVAmt>27753</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUESTERRE ENERGY CORP - 2430 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RANGE RES CORP - 955 SHS</StockNm>
        <EOYBookValueAmt>48068</EOYBookValueAmt>
        <EOYFMVAmt>80516</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RANGE RES CORP - 550 SHS</StockNm>
        <EOYBookValueAmt>39937</EOYBookValueAmt>
        <EOYFMVAmt>46370</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROYAL BANK OF SCOTLAND - 495 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHIN YOUNG SECURITES CO. - 50 SHS</StockNm>
        <EOYBookValueAmt>1371</EOYBookValueAmt>
        <EOYFMVAmt>1863</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHIN YOUNG SECURITIES CO. - 865 SHS</StockNm>
        <EOYBookValueAmt>23656</EOYBookValueAmt>
        <EOYFMVAmt>32234</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STRAYER ED INC. - 150 SHS</StockNm>
        <EOYBookValueAmt>29728</EOYBookValueAmt>
        <EOYFMVAmt>5170</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ULTRA PETE CORP. COM - 500 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNILVER PAKISTAN LTD - 800 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITED SPIRITS LTD. - 2540 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VESUVIUS PLC - 2090 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VESUVIUS PLC - 5250 SHS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZOOPLUS AG - 29 SHS</StockNm>
        <EOYBookValueAmt>1218</EOYBookValueAmt>
        <EOYFMVAmt>2078</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZOOPLUS AG - 651 SHS</StockNm>
        <EOYBookValueAmt>27281</EOYBookValueAmt>
        <EOYFMVAmt>46641</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>XING AG NAMEN AKT - 340 SHS</StockNm>
        <EOYBookValueAmt>18855</EOYBookValueAmt>
        <EOYFMVAmt>34853</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>XING AG NAMEN AKT - 68 SHS</StockNm>
        <EOYBookValueAmt>3628</EOYBookValueAmt>
        <EOYFMVAmt>6970</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>XING AG NAMEN AKT - 482 SHS</StockNm>
        <EOYBookValueAmt>25620</EOYBookValueAmt>
        <EOYFMVAmt>49409</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEVON ENERGY CORP. NEW COM - 1195 SH</StockNm>
        <EOYBookValueAmt>63813</EOYBookValueAmt>
        <EOYFMVAmt>73935</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHWESTERN ENERGY CO COM - 880 SHS</StockNm>
        <EOYBookValueAmt>32085</EOYBookValueAmt>
        <EOYFMVAmt>34610</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PERNOD RICARD ORD - 50 SHS</StockNm>
        <EOYBookValueAmt>6168</EOYBookValueAmt>
        <EOYFMVAmt>5705</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PERNOD RICARD ORD - 365 SHS</StockNm>
        <EOYBookValueAmt>45029</EOYBookValueAmt>
        <EOYFMVAmt>41645</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY INC DEL CL B</StockNm>
        <EOYBookValueAmt>23021</EOYBookValueAmt>
        <EOYFMVAmt>23712</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORP - 1500 SHS</StockNm>
        <EOYBookValueAmt>45180</EOYBookValueAmt>
        <EOYFMVAmt>57390</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PERNOD RICARD ORD - 390 SHS</StockNm>
        <EOYBookValueAmt>44118</EOYBookValueAmt>
        <EOYFMVAmt>44497</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 36 SHS</StockNm>
        <EOYBookValueAmt>598</EOYBookValueAmt>
        <EOYFMVAmt>876</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 119 SHS</StockNm>
        <EOYBookValueAmt>1974</EOYBookValueAmt>
        <EOYFMVAmt>2896</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 88 SHS</StockNm>
        <EOYBookValueAmt>1473</EOYBookValueAmt>
        <EOYFMVAmt>2142</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 311 SHS</StockNm>
        <EOYBookValueAmt>5206</EOYBookValueAmt>
        <EOYFMVAmt>7570</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 169 SHS</StockNm>
        <EOYBookValueAmt>2831</EOYBookValueAmt>
        <EOYFMVAmt>4113</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 350 SHS</StockNm>
        <EOYBookValueAmt>5865</EOYBookValueAmt>
        <EOYFMVAmt>8519</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 77 SHS</StockNm>
        <EOYBookValueAmt>1287</EOYBookValueAmt>
        <EOYFMVAmt>1874</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 27 SHS</StockNm>
        <EOYBookValueAmt>451</EOYBookValueAmt>
        <EOYFMVAmt>657</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 202 SHS</StockNm>
        <EOYBookValueAmt>3374</EOYBookValueAmt>
        <EOYFMVAmt>4917</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 73 SHS</StockNm>
        <EOYBookValueAmt>1236</EOYBookValueAmt>
        <EOYFMVAmt>1777</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 25 SHS</StockNm>
        <EOYBookValueAmt>422</EOYBookValueAmt>
        <EOYFMVAmt>608</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 103 SHS</StockNm>
        <EOYBookValueAmt>1739</EOYBookValueAmt>
        <EOYFMVAmt>2507</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 23 SHS</StockNm>
        <EOYBookValueAmt>393</EOYBookValueAmt>
        <EOYFMVAmt>560</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 13 SHS</StockNm>
        <EOYBookValueAmt>223</EOYBookValueAmt>
        <EOYFMVAmt>316</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 72 SHS</StockNm>
        <EOYBookValueAmt>1231</EOYBookValueAmt>
        <EOYFMVAmt>1753</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 24 SHS</StockNm>
        <EOYBookValueAmt>414</EOYBookValueAmt>
        <EOYFMVAmt>584</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 18 SHS</StockNm>
        <EOYBookValueAmt>311</EOYBookValueAmt>
        <EOYFMVAmt>438</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 99 SHS</StockNm>
        <EOYBookValueAmt>1709</EOYBookValueAmt>
        <EOYFMVAmt>2410</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 13 SHS</StockNm>
        <EOYBookValueAmt>224</EOYBookValueAmt>
        <EOYFMVAmt>316</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 127 SHS</StockNm>
        <EOYBookValueAmt>2188</EOYBookValueAmt>
        <EOYFMVAmt>3091</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 523 SHS</StockNm>
        <EOYBookValueAmt>9087</EOYBookValueAmt>
        <EOYFMVAmt>12730</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERACTIVE BROKERS GROUP - 348 SHS</StockNm>
        <EOYBookValueAmt>6046</EOYBookValueAmt>
        <EOYFMVAmt>8470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MCGRAW HILL FINL INC COM - 780 SHS</StockNm>
        <EOYBookValueAmt>48250</EOYBookValueAmt>
        <EOYFMVAmt>60996</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JARDINE LLOYD THOMPSON - 4940 SHS</StockNm>
        <EOYBookValueAmt>73132</EOYBookValueAmt>
        <EOYFMVAmt>83279</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAJAJ HLDGS &amp; INVT LTD - 5000 SHS</StockNm>
        <EOYBookValueAmt>65200</EOYBookValueAmt>
        <EOYFMVAmt>71790</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIAGEO PLC SPONSORED NEW - 590 SHS</StockNm>
        <EOYBookValueAmt>73812</EOYBookValueAmt>
        <EOYFMVAmt>78128</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIAGEO PLC SPONSORED NEW - 220 SHS</StockNm>
        <EOYBookValueAmt>27898</EOYBookValueAmt>
        <EOYFMVAmt>29132</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IBM - 355 SHS</StockNm>
        <EOYBookValueAmt>62405</EOYBookValueAmt>
        <EOYFMVAmt>66587</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHWESTERN ENERGY CO - 1130 SHS</StockNm>
        <EOYBookValueAmt>42742</EOYBookValueAmt>
        <EOYFMVAmt>44443</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JARDINE LLOYD THOMPSON - 1535 SHS</StockNm>
        <EOYBookValueAmt>24715</EOYBookValueAmt>
        <EOYFMVAmt>25877</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 41.333 SHS</StockNm>
        <EOYBookValueAmt>667</EOYBookValueAmt>
        <EOYFMVAmt>673</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND - 3.155 SHS</StockNm>
        <EOYBookValueAmt>51</EOYBookValueAmt>
        <EOYFMVAmt>51</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>WEBSTER CHAMBERLAIN &amp; BEAN</CategoryTxt>
        <LegalFeesAmt>1465</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1465</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreasesDetail>
        <Description>FEDERAL EXCISE TAX</Description>
        <Amount>3386</Amount>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CUSTODY FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1180</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1180</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc9">
      <OtherIncreasesDetail>
        <Description>REFUND FEDERAL EXCISE TAX</Description>
        <Amount>5533</Amount>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>3037</Amt>
        <NetInvestmentIncomeAmt>3037</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>DELAWARE DIV OF CORP</CategoryTxt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>