Investment in Pemberwick Fund

3 Months Ended

Dec. 30, 2011

Investment in Pemberwick Fund {1}

Investment in Pemberwick Fund

3.     Investment in Pemberwick Fund

The Trust carries its investment in Pemberwick Fund (“Pemberwick”) at estimated fair value.  The fair value of the Trust’s investment in Pemberwick is classified within Level 1 of the fair value hierarchy of the guidance on Fair Value Measurements as defined in Accounting Standards Codification (“ASC”) Topic 820.  Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Trust has the ability to access.  Pemberwick’s net asset value (“NAV”) is $9.88 per share as of December 30, 2011.  An unrealized loss of $9,639 is reflected as accumulated other comprehensive loss in the accompanying unaudited balance sheet as of December 30, 2011.  As of December 30, 2011, the Trust has earned $23,759 of interest revenue from its investment in Pemberwick.