Douglas Leroy Rayes

Apple Inc — Int/Div — Sold

American Express Company (AXP) Stock — Int/Div — Sold

Cohen & Steers Institutional Realty Shares — Int/Div — Buy (add'l)

Cohen & Steers Institutional Realty Shares — Int/Div — Buy (add'l)

Cisco Systems Inc. (CSCO) stock — Int/Div — Sold

Disney Walt Co (DIS) Stock — Int/Div — Sold

Dodge & Cox Stock Fund £145 (DODGX) — Int/Div — Buy (add'l)

Dodge & Cox Stock Fund £145 (DODGX) — Buy (add'l)

Dodge & Cox Stock Fund £145 (DODGX) — Int/Div — Buy (add'l)

Dodge & Cox Stock Fund £145 (DODGX) — Sold (part)

Dodge & Cox Stock Fund £145 (DODGX) — Sold (part)

Goldman Sachs Money Market — Interest

Gateway Fund-Y (GTEYX) — Int/Div — Buy

Gateway Fund-Y (GTEYX) — Buy (add'l)

Gateway Fund-Y (GTEYX) — Buy (add'l)

Gateway Fund-Y (GTEYX) — Int/Div — Sold (part)

Gateway Fund-Y (GTEYX) — Sold (part)

Gateway Fund-Y (GTEYX) — Buy (add'l)

Intel Corporation (INTC) Stock — Int/Div — Sold

Microsoft Corp (MSFT) — Int/Div — Sold (part)

Novartis AG Spon ADR B Div (NVS) Stock — Int/Div — Sold

Nestle SA Reg B ADR (NSRGY) Dock — Int/Div — Sold

Pimco Commodity RR Strat-INS — Int/Div — Buy (add'l)

Pimco Commodity RR Strat-INS — Buy (add'l)

Pimco Commodity RR Strat-INS — Sold (part)

Pimco Commodity RR Strat-INS — Buy (add'l)

Oakmark Intemational Fund — Int/Div — Buy

Oakmark Intemational Fund — Buy (add'l)

Oakmark Intemational Fund — Int/Div — Sold (part)

Oakmark Intemational Fund — Sold (part)

Oakmark Intemational Fund — Sold (part)

Oakmark Intemational Fund — Buy (add'l)

SA PAG ADR F(SAP) Stock — None — Sold

Templeton INST Foreign SM Fund {TFSCX) — Int/Div — Sold

Templeton INST Foreign SM Fund {TFSCX) — Int/Div — Sold (part)

Templeton INST Foreign SM Fund {TFSCX) — Sold (part)

Toyota (TM) Stock — Int/Div — Sold (part)

Toyota (TM) Stock — Sold

Tweedy Browne FD Global Value — Int/Div — Sold (part)

Tweedy Browne FD Global Value — Sold (part)

Tweedy Browne FD Global Value — Sold (part)

Tweedy Browne FD Global Value — Buy (add'l)

Visa (V) Stock — Int/Div — Sold

SANOFI (SNY) Stock — None — Sold

Comcast Corp (CMCSA) Stock — Int/Div — Sold

Vanguard INSTL Index Fund — Int/Div — Buy (add'l)

Vanguard INSTL Index Fund — Buy (add'l)

Vanguard INSTL Index Fund — Int/Div — Sold (part)

Vanguard INSTL Index Fund — Sold

Rayes Properties Inc. Stock — None

Bank of America Checking/Savings accounts — Interest

BMO Private Bank Money Market — Interest

American Funds-The Growth Fund of America — Distribution

US. Savings Bonds Seriess EE — None

Wasatch Core Growth Fd — Int/Div

Athene Life and Annuity Co (Formerly AVIVA Annuity) — istrnibution

Credit Suisse Comm Ret ST-1 — None — Buy

Credit Suisse Comm Ret ST-1 — Sold (part)

Credit Suisse Comm Ret ST-1 — Buy (add'l)

Credit Suisse Comm Ret ST-1 — Buy (add'l)

Credit Suisse Comm Ret ST-1 — Buy (add'l)

ISHARES CORE S&P MID-CAP ETF Small caps diversified equity — Int/Div — Buy (add'l)

ISHARES CORE S&P MID-CAP ETF Small caps diversified equity — Buy (add'l)

ISHARES CORE S&P MID-CAP ETF Small caps diversified equity — Buy (add'l)

BMO PYRFORD International Stock Fund IMISNX) — Int/Div — Sold (part)

BMO PYRFORD International Stock Fund IMISNX) — Sold (part)

John Hancock 111 Disciplined Value Mid Cap Fund — Int/Div

Schwab S&P S00 Index Fd (X) — Int/Div

American Fund Cap (CIBFX) (X) — None

Dodge And Cox Balanced FD (X) — Int/Div

Second Home! rental, Boulder CO (Purchased 5-14-14, $365,500) — Rent

ISHARES MSCI EAFE ETF (EFA) — Int/Div — Buy

ISHARES MSCI EAFE ETF (EFA) — Int/Div — Sold

ISHARES RUSSELL 2000 ETF (IW M) — Int/Div — Buy

Aberdeen Emerging Mkts Inst Fund (ABEMX) — Int/Div — Sold (part)

Aberdeen Emerging Mkts Inst Fund (ABEMX) — Buy (add'l)

Artisan International Fund (APDIX) — Int/Div — Sold (part)

Artisan International Fund (APDIX) — Sold (part)

Artisan International Fund (APDIX) — Sold

BMO LGM EMERGING MKTS (MIEMX) — Int/Div — Sold (part)

BMO LGM EMERGING MKTS (MIEMX) — Sold (part)

BMO LGM EMERGING MKTS (MIEMX) — Sold (part)

BMO LGM EMERGING MKTS (MIEMX) — Buy

T Rowe Price International Discovery (PRIDX) — Int/Div — Buy (add'l)

T Rowe Price International Discovery (PRIDX) — Int/Div — Buy

Janus Enterprise Fund — Int/Div

Columbia Emerging Mkts ETF (ECON) — Int/Div — Sold (part)

Columbia Emerging Mkts ETF (ECON) — Buy (add'l)

Columbia Emerging Mkts ETF (ECON) — Buy

Columbia Emerging Mkts ETF (ECON) — Buy

Columbia Emerging Mkts ETF (ECON) — Int/Div — Sold (part)

Columbia Emerging Mkts ETF (ECON) — Sold (part)

Vanguard REIT ETF (VANQ) — Int/Div — Buy

Vanguard REIT ETF (VANQ) — Sold (part)

Vanguard REIT ETF (VANQ) — Int/Div — Buy

Vanguard Dividend Apprec Fund (VIG) — Int/Div — Buy

Vanguard Dividend Apprec Fund (VIG) — Buy (add'l)

Vanguard Dividend Apprec Fund (VIG) — Sold (part)

Deutsche X-Trackers MSCI (DBEF) — None — Buy

SPDR S&P Intl. Small Cap (GWX) — Int/Div — Buy

Hartford Floating Rate Fund (Hflyx) — None — Buy

Hartford Floating Rate Fund (Hflyx) — Buy

Champlain Mid-Cap Fund (CIPIX) — Int/Div — Buy

ISHARES CORE S&P SMALL CAP ETF (UR) — Int/Div — Buy

Vice President, Raves Properties Inc

Managing partner, KJET Limited Parmership

Adpunct Professor, Anzona State Umversity College of Law

Persoan] Representantive, Estate of Nicholas Raves, deceased

Agreement — 2000 — Arrzona Elected Othcals Retirment Plan: no control

Liability — BMO Hams Bank — Line of credit

Income — 2016 — Arizona Elected Officials Retirment Plan, retirement benefits — S$103.303.00

Part I,

Trust #1 Family Trust - No reportable assets.

KJET Limited Partnership - Managing Partner - The assets held in KIET are included in the list of assets in Part VII.

The adjunct professor postion is a non-payed position.

1 acted as the persoun| representative for the probate of my father's will. The benefciaries were all family members and | received no compensation.