| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMGEN INC 2.125% 05/15/17 | 203,630 | 201,220 |
| AT & T INC 1.40% 12/01/2017 | 197,960 | 199,074 |
| CVS CAREMARK CORP 2.25% 12/05/2018 | 302,630 | 301,449 |
| E I DU PONT DE NEMOURS 1.95% 01/15/2016 | 103,060 | 100,031 |
| ECOLAB INC 2.25% 01/12/2020 | 301,800 | 298,272 |
| EMC CORP 1.875% 06/01/2018 | 201,290 | 186,616 |
| FORD MOTOR CREDIT CO LLC 2.375% 01/16/18 | 204,280 | 199,522 |
| KRAFT FOODS INC 4.125% 02/09/2016 | 208,300 | 200,516 |
| LABORATORY CORP AMER HLDGS 2.2% 08/23/2017 | 201,100 | 200,704 |
| MASTERCARD INC 2.00% 04/01/2019 | 306,720 | 301,173 |
| ORACLE CORP 5.250% 01/15/2016 | 96,050 | 100,147 |
| PEPSICO INC 2.25% 01/07/2019 | 409,960 | 405,372 |
| STATOIL ASA 3.125% 08/17/2017 | 102,900 | 102,570 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M COMPANY | 187,095 | 414,260 |
| ABBOTT LABORATORIES | 246,324 | 269,460 |
| ACE LTD | 135,634 | 151,905 |
| ALNYLAM PHARMACEUTICALS INC | 16,868 | 94,140 |
| ALPHABET INC CL A | 149,460 | 175,052 |
| APPLE INC | 90,432 | 405,251 |
| APTARGROUP INC | 147,718 | 290,600 |
| AUTOMATIC DATA PROCESSING INC | 185,863 | 338,880 |
| CANADIAN NATIONAL RAILWAY CO US$ | 133,663 | 335,280 |
| CVS HEALTH CORPORATION | 183,446 | 537,735 |
| EMC CORPORATION | 161,064 | 308,160 |
| EMERSON ELECTRIC CO | 213,238 | 263,065 |
| FISERV INC | 170,136 | 365,840 |
| HELMERICH & PAYNE | 131,096 | 160,650 |
| HOME DEPOT INC | 74,627 | 330,625 |
| ILLUMINA INC | 52,812 | 191,945 |
| INTEL CORP | 180,508 | 344,500 |
| IONIS PHARMACEUTICALS INC | 80,520 | 123,860 |
| IPG PHOTONICS CORP COM | 249,264 | 356,640 |
| JOHNSON & JOHNSON | 234,060 | 410,880 |
| JOHNSON CONTROLS INC | 140,337 | 157,960 |
| MASTERCARD INC CL A | 124,506 | 535,480 |
| NESTLE NAM SPON ADR | 197,648 | 372,100 |
| NOVARTIS AG NAMEN SPON ADR | 209,911 | 387,180 |
| NOVOZYMES A/S B SHARES | 97,507 | 312,922 |
| NXP SEMICONDUCTORS NV ORD | 62,521 | 210,625 |
| ORACLE CORP | 169,324 | 292,240 |
| PEMBINA PIPELINE CORP COM | 94,584 | 130,560 |
| PEPSICO INC | 114,001 | 199,840 |
| PERRIGO CO LTD | 202,433 | 192,451 |
| PROCTER & GAMBLE CO | 193,934 | 277,935 |
| ROCKWELL AUTOMATION INC | 172,453 | 205,220 |
| SCHLUMBERGER LTD | 123,318 | 174,375 |
| TARGET CORP | 189,523 | 217,830 |
| UNILEVER PLC ADR AMER SHS SPON | 85,072 | 86,240 |
| UNITED TECHNOLOGIES CORP | 247,326 | 288,210 |
| WAL-MART STORES INC | 130,512 | 153,250 |
| XILINX INC | 127,391 | 140,910 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK & ADR FEES | 186 | 186 | 0 | |
| INVESTMENT MANAGEMENT FEES | 32,806 | 32,806 | 0 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCES | 12,420 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE | 3,500 | 3,500 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2014 FEDERAL EXCISE TAX DUE | 739 | 0 | 0 | |
| FOREIGN TAXES WITHHELD | 7,835 | 7,835 | 0 | |
| FEDERAL ESTIMATED TAX PAYMENTS | 8,720 | 0 | 0 |