| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AARON'S INC. | 2,237 | 3,457 |
| ABAXIS, INC | 9,317 | 19,629 |
| ACE LTD | 12,396 | 17,214 |
| ACUITY BRANDS INC | 2,987 | 10,784 |
| ADVISORY BOARD COMPANY | 1,380 | 3,681 |
| AFFILIATED MANAGERS GROUP | 3,645 | 16,637 |
| AIRGAS INC | 5,806 | 6,861 |
| ALLERGAN INC. | 3,421 | 6,769 |
| ALLSTATE CORP | 11,540 | 15,678 |
| AMAZON COM | 13,624 | 20,136 |
| AMERICA MOVIL SA | 14,064 | 13,176 |
| AMERICAN ELECTRIC POWER INC. | 11,076 | 14,946 |
| AMERICAN TOWER REIT INC | 17,370 | 21,325 |
| AMERIPRISE FINANCIAL INC | 6,334 | 17,880 |
| AMETEK INC. | 1,052 | 2,091 |
| ANSYS INC. | 13,352 | 29,267 |
| APTAR GROUP INC | 10,232 | 18,428 |
| ARM HOLDINGS PLC | 7,452 | 12,170 |
| ASTELLAS PHARMA INC | 5,735 | 10,341 |
| AT&T, INC | 28,072 | 32,849 |
| ATHENAHEALTH | 9,679 | 11,137 |
| BANCO SANTANDER BRASIL | 9,606 | 10,138 |
| BANK NEW YORK MELLON CORP COM | 9,934 | 15,742 |
| BANK OF AMERICA CORP | 3,882 | 8,423 |
| BARRICK GOLD CORP COM | 24,327 | 13,231 |
| BAXTER INTERNATIONAL INC. | 15,743 | 16,629 |
| BIO RAD LABS INC CL A | 6,468 | 10,175 |
| BIO TECHNE CORPORATION | 8,055 | 12,682 |
| BIOMARIN PHARMACEUTICAL INC. | 9,997 | 9,580 |
| BLACKBAUD INC | 6,588 | 17,548 |
| BP PLC SPONSORED ADR | 20,801 | 25,373 |
| BRITISH SKY BROADCASTING ADR | 16,864 | 19,751 |
| BROWN & BROWN INC. | 10,076 | 16,952 |
| CA INC. | 13,868 | 15,347 |
| CANON INC. | 9,795 | 9,006 |
| CARLISLE COS INC | 4,240 | 10,654 |
| CARMAX INC | 2,859 | 7,437 |
| CARREFOUR S.A. | 8,293 | 9,351 |
| CDW CORPORATION | 14,438 | 15,207 |
| CELGENE CORP | 10,457 | 14,428 |
| CERNER CORPORATION | 13,007 | 17,021 |
| CHARLES SCHWAB CORP | 4,348 | 9,129 |
| CHESAPEAKE ENERGY CORPORATION | 14,968 | 22,688 |
| CHEVRON CORP | 6,194 | 15,405 |
| CHINA MOBILE HGK LTD | 19,424 | 17,986 |
| CHIPOTLE MEX GRILL | 8,365 | 9,480 |
| CHURCH & DWIGHT | 3,608 | 7,834 |
| CISCO SYSTEMS INC | 10,278 | 15,457 |
| CITIGROUP INC | 28,757 | 34,195 |
| CITY NATL CP | 6,739 | 10,758 |
| CLARCOR INC | 19,078 | 23,194 |
| COHEN & STEERS INC | 4,513 | 9,370 |
| COLUMBIA SPORTSWEAR CO. | 1,868 | 4,050 |
| COMPUTER PROGRAMS AND SYSTEMS | 13,067 | 19,462 |
| CONOCOPHILLIPS | 20,918 | 38,321 |
| COPART INC. | 17,468 | 30,674 |
| CORNING INC | 13,927 | 21,292 |
| COSTCO WHOLESALE CORPORATION | 8,620 | 10,134 |
| CRH PLC - AMERICAN DEPOSITARY | 12,650 | 17,966 |
| CULLEN FROST BANKERS INC | 4,667 | 5,718 |
| DAIICHI SANKYO CO LTD | 21,637 | 21,307 |
| DENTSPLY INTERNATIONAL INC | 7,947 | 13,353 |
| DONALDSON CO. INC. | 4,987 | 5,713 |
| DRIL QUIP INC | 12,051 | 13,873 |
| DU PONT DE NEMOURS | 14,081 | 17,669 |
| ELI LILLY & CO | 9,572 | 15,543 |
| ENI S.P.A. | 17,540 | 22,509 |
| EQUIFAX INC. | 4,777 | 10,446 |
| EQUINIX, INC. | 13,497 | 14,706 |
| ERICSSON L M TEL CO | 11,052 | 11,778 |
| EXELON CORPORATION | 10,742 | 13,680 |
| EXPONENT, INC | 9,111 | 18,750 |
| EXPRESS SCRIPTS HOLDING CO. | 13,586 | 13,866 |
| FACTSET RESH SYST INC. | 15,830 | 28,386 |
| FAIR ISSAC & CO INC. | 2,615 | 11,541 |
| FASTENAL COMPANY | 8,560 | 9,651 |
| FEDERATED INVESOTRS | 10,328 | 13,265 |
| FIFTH THIRD BANCORP | 12,749 | 18,169 |
| FLIR SYSTEMS INC | 4,556 | 6,182 |
| FORD MOTOR COMPANY | 28,492 | 34,187 |
| FOREST CITY ENTERPRISES CL A | 1,936 | 6,339 |
| GARTNER INC | 4,805 | 5,994 |
| GDF SUEZ SP ADR | 21,543 | 28,095 |
| GENERAL ELECTRIC CO | 9,261 | 15,137 |
| GENTEX CORPORATION | 5,186 | 6,982 |
| GLAXOSMITHKLINE PLC | 30,093 | 29,895 |
| GOOGLE INC | 17,442 | 23,586 |
| GRACO INC | 1,437 | 6,871 |
| HARRIS CORP DEL | 9,251 | 17,271 |
| HCC INS HLDGS INC. | 10,280 | 16,542 |
| HENRY JACK & ASSOC INC. | 10,920 | 28,824 |
| HENRY SCHEIN INC | 4,208 | 12,341 |
| HIBBETT SPORTS, INC. | 13,639 | 12,297 |
| HITTITE MICROWAVE CORPORATION | 18,881 | 28,140 |
| HONDA MOTOR CO LTD | 13,482 | 13,121 |
| HSBC HOLDINGS PLC | 9,517 | 9,652 |
| HUNT J B | 4,521 | 7,673 |
| IDEX CP | 3,481 | 12,030 |
| IDEXX CORP | 4,544 | 6,812 |
| ILLUMINA INC COM | 9,179 | 10,891 |
| IMPERIAL TOBACCO GRO | 16,790 | 22,603 |
| INTEL CORP | 32,545 | 50,460 |
| INTERNATIONAL PAPER CO. | 8,266 | 14,485 |
| J SAINSBURY PLC S/ADR | 8,784 | 9,206 |
| JACOBS ENGINEERNG GP | 2,808 | 3,783 |
| JOHNSON & JOHNSON | 9,782 | 17,053 |
| JP MORGAN CHASE & CO | 19,169 | 31,749 |
| KIRBY CORPORATION | 4,874 | 15,462 |
| KONINKLIJKE AHOLD | 9,053 | 13,954 |
| LANDSTAR SYSTEM | 11,297 | 14,656 |
| LINCOLN ELECTRIC HOLDING INC. | 1,192 | 4,822 |
| LINKEDIN CORPORATION | 8,461 | 10,974 |
| LKQ CORPORATION | 8,058 | 12,704 |
| LOCKHEED MARTIN CORP | 9,396 | 18,323 |
| LUKOIL HOLDING CO SP/ADR | 13,605 | 14,955 |
| MARATHON OIL CORP COM | 10,095 | 18,124 |
| MARKEL CORP | 9,903 | 20,980 |
| MARKETAXESS HOLDINGS, INC. | 11,696 | 11,569 |
| MARKS & SPENCER GRP ADR | 5,926 | 8,494 |
| MASCO CORP | 10,849 | 15,096 |
| MEAD JOHNSON NUTRITION | 10,466 | 12,764 |
| MERCK & CO INC. | 20,745 | 32,107 |
| METLIFE INC. | 22,585 | 32,558 |
| METTLER-TOLEDO INTL | 1,005 | 5,570 |
| MICROSOFT CORPORATION | 28,824 | 44,327 |
| MITSUBISHI TOKYO FIN | 17,301 | 10,271 |
| MOLSON COOR BREW CO CL B | 11,463 | 19,282 |
| MORNINGSTAR, INC. | 9,652 | 15,439 |
| MRC GLOBAL INC | 19,857 | 18,813 |
| MS&AD INS GROUP ADR | 10,181 | 15,639 |
| N V R INC. | 14,287 | 17,259 |
| NAVIENT CORPORATION | 10,457 | 12,255 |
| NIPPON TELEPHONE ADR | 13,272 | 18,102 |
| NISSAN MOTOR LTD ASR | 25,757 | 25,040 |
| NORFOLK SOUTHERN CORP | 14,558 | 18,339 |
| NORTHROP GRUMMAN CORP | 6,702 | 17,586 |
| OCCIDENTAL PETROLEUM CORP | 16,219 | 16,729 |
| OCEANERING INTL INC | 9,899 | 17,970 |
| OWENS AND MINOR INC | 12,824 | 13,728 |
| PALL CP | 2,172 | 4,184 |
| PEPSICO INC | 13,676 | 19,655 |
| PETROLEO BRASILEIRO SA- PETRO | 17,951 | 20,645 |
| PFIZER INC. | 24,245 | 31,936 |
| PNC FINANCIAL GROUP INC. | 22,429 | 23,687 |
| POOL CORPORATION | 3,279 | 9,389 |
| PRECISION CASTPARTS | 9,652 | 17,920 |
| PRICELINE.COM INCORPORATED | 8,484 | 16,842 |
| PRIMERICA, INC. | 14,469 | 14,977 |
| QUALCOMM INC | 11,917 | 15,682 |
| R L I CP | 10,229 | 16,206 |
| RBC BEARINGS INCORPORATED | 3,989 | 12,874 |
| ROLLINS INC | 1,971 | 5,160 |
| ROYAL DUTCH SHELL PLC | 16,107 | 16,968 |
| RPC INC | 2,995 | 5,755 |
| SALESFORCE.COM | 13,999 | 23,755 |
| SALLY BEAUTY HLDG | 5,256 | 11,838 |
| SANOFI-AVENTIS SPONSORED ADR | 9,319 | 12,229 |
| SCHLUMBERGER LTD | 15,277 | 23,708 |
| SEI INVESTMENTS | 5,241 | 10,060 |
| SERVICE NOW | 10,911 | 11,463 |
| SIRONA DENTAL SYSTEMS INC | 21,910 | 25,480 |
| SLM CORP | 1,343 | 1,321 |
| SOLERA HOLDINGS INC | 4,507 | 5,708 |
| SPLUNK INC | 9,321 | 10,789 |
| STARBUCKS CORP COM | 12,809 | 18,726 |
| STATE STREET CORPORATION | 13,613 | 19,169 |
| SWISS RE LTD ADR | 9,660 | 14,700 |
| TAKEDA PHARMACEUTICAL CO LTD | 8,441 | 8,486 |
| TELEFLEX INC. | 3,177 | 3,168 |
| TELEFONICA BRASIL, S.A. | 13,510 | 14,870 |
| TELEFONICA S A ADR | 8,131 | 10,124 |
| TESCO PLC S ADR | 13,657 | 12,746 |
| TEVA PHARMECEUTICAL SP ADR | 13,706 | 18,504 |
| THE CHEFS' WAREHOUSE, INC. | 7,286 | 6,069 |
| THOR INDS INC | 4,559 | 6,824 |
| TIFFANY & CO, | 10,191 | 13,734 |
| TIM PARTICIPACOES S A SPONSORE | 12,266 | 18,811 |
| TOKIO MARINE HOLDINGS INC | 11,766 | 14,046 |
| TORO CO | 8,242 | 14,183 |
| TOTAL FINA ELF S.A. | 28,504 | 35,522 |
| TOYOTA MTR CORP | 6,705 | 10,171 |
| TRANSDIGM GRP INC | 3,435 | 5,018 |
| TRAVELERS COMPANIES INC | 5,547 | 14,581 |
| TURKIYE GARANTI BANK | 10,777 | 13,904 |
| UBS AG | 9,357 | 8,794 |
| UMPQUA HOLDINGS CORPORATION | 5,169 | 7,132 |
| UNILEVER N V N Y | 14,454 | 21,005 |
| VARIAN MEDICAL SYSTEMS INC | 3,304 | 6,402 |
| VERISK ANALYTICS, INC | 9,118 | 11,164 |
| VERIZON COMMUNICATIONS | 15,835 | 16,196 |
| VISA INC | 11,331 | 17,910 |
| VMWARE INC | 10,200 | 10,843 |
| WAL-MART STORES INC. | 9,455 | 13,137 |
| WELLPOINT INC | 15,132 | 17,110 |
| WELLS FARGO & CO. | 32,708 | 53,085 |
| WESTERN DIGITAL CORP | 5,543 | 19,383 |
| WEX, INC. | 2,308 | 4,934 |
| WM MORRISON UNSPON ADR | 18,291 | 13,763 |
| XEROX CP | 16,161 | 18,411 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 14,909 | 14,909 | ||
| Bank Charges | 699 | 699 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Foreign Tax Refund | 148 | 148 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 26,388 | 26,388 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2014 | 2,300 | |||
| 990-PF Extension for 2013 | 547 | |||
| Foreign Tax Paid | 3,790 | 3,790 |