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AFT MASSACHUSETTS Statement of Expenses and Allocation Between Chargeable Expenses and Non-Chargeable Expenses For the Year Ended April 30, 2018 AFT MASSACHUSETTS TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT ‘STATEMENT OF EXPENSES AND ALLOCATION BETWEEN (CHARGEABLE EXPENSES AND NON-CHARGEABLE EXPENSES NOTES TO STATEMENT OF EXPENSES AND ALLOCATION BETWEEN CHARGEABLE EXPENSES AND NON-CHARGEABLE EXPENSES Page No. 36 ‘To the Executive Board AFT Massachusetts Boston, Massachusets ‘We have audited the accompanying statement of expenses and allocation between chargeable expenses and nor-

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