Douglas Leroy Rayes

Apple Inc — Int/Div — Sold

American Express Company (AXP) Stock — Int/Div

BMO Lloyd George EMGRG MKTS EQ fund (MIEMX) — Int/Div — Buy (add'l)

BMO Lloyd George EMGRG MKTS EQ fund (MIEMX) — None — Sold (part)

BMO Mid-Cap Value Fund — None — Sold

Cohen & Steers Institutional Realty Shares — Int/Div

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

Disney Walt Co (DIS) Stock — Int/Div

Dodge & Cox Stock Fund #145 (DODGX) — Int/Div — Sold (part)

Goldman Sachs Money Market — Interest

Gateway Fund-Y (GTEYX) — Int/Div

General Electric Stock — Int/Div — Sold

Intel Corporation (INTC) Stock — Int/Div

Microsoft Corp (MSFT) — Int/Div

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

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

Pimco Commodity RR Strat-INS — None — Buy

Oakmark International Fund — None — Buy (add'l)

Oakmark International Fund — Buy (add'l)

Oakmark International Fund — Buy (add'l)

Oakmark International Fund — Sold (part)

SAPAGADR F(SAP) Stock — Int/Div

Schlumberger LD (SLB) Stock — Int/Div — Sold

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

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

Toyota (TM) Stock — Int/Div

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

Visa (V) Stock — Int/Div

SANOFI (SNY) Stock — Int/Div

EXXON (XOM) Stock — Int/Div — Sold

Comcast Corp (CMCSA) Stock — Int/Div

Vanguard INSTL Index Fund — Int/Div

Dodge Cox Inttl Stock Fund — istnbution — Sold (part)

Dodge Cox Inttl Stock 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) — istnbution

Credit Suisse Comm Ret ST-1 — None — Buy

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

ISHARES CORE S&P MID-CAP ETF Small caps diversified equity — Int/Div

Acadian Emerging Markets Prtfolio (AEMGX) — None — Buy (add'l)

Acadian Emerging Markets Prtfolio (AEMGX) — Sold

BMO PYRFORD International Stock Fund (MISNX) — Int/Div — Buy (add'l)

BMO PYRFORD International Stock Fund (MISNX) — Buy (add'l)

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 ($365,500 purchase price) — Rent

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

ISHARES MSC EAFE ETF (EFA) — Sold (part)

Aberdeen Emerging Mkts Inst Fund (ABEMX) — None — Buy

Artisan International Fund (APDIX) — None — Buy

Artisan International Fund (APDIX) — Buy (add'l)

T Rowe Price International Discovery (PRIDX) — None — Buy

Janus Enterprise Fund — Int/Div — Buy

EG Shares Dow Jues Emerging (ECON) — None — Buy

Vice President, Raves Properties Inc

Managing partner, KJET Limited Parmership

Adpunct Professor, Anzona State Umversity College of Law

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

Liability — BMO Hams Bank — Line of credit

Part |

Trust #1 Family Trust - No reportable assets.

KJET Limited Parmership - Managing Partner - The assets held in KIET are mcluded in the list of assets in Part VIL

The adjunct professor postion is a non-payed position.