| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990PF PREPARATION AND ACCOUNTING | 1,550 | 775 | 775 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFFILIATED MGRS GRP CUM JR SUB NOTES 5.875% | 1,587 | 1,573 |
| ALABAMA POWER CO CUM PFD STK CLASS A 05.000% | 734 | 746 |
| ALGONQUIN PWR & UTIL FXD-FLTG SUB NT SER 18-A 6.875% | 421 | 459 |
| ALLSTATE CORP NEW MONEY SER D 06.625% | 1,725 | 1,667 |
| AMERICAN FINANCIAL GROUP SUBORDINATED DEBENTURES 6.00.0% | 742 | 699 |
| AMERICAN FINANCIAL GROUP SUBORDINATED DEBENTURES 6.25% | 1,375 | 1,377 |
| AMERICAN FNCL GRP CUM SUBORDINATED DEB 5.875% | 777 | 774 |
| AMERICAN INTL GROUP NON-CUM PFD STK SER A 5.85% | 779 | 785 |
| ARCH CAPITAL GROUP LTD SERIES E | 4,174 | 3,940 |
| ARCH CAPITAL GROUP LTD SERIES F | 2,195 | 2,133 |
| AT&T INC GLOBAL NOTES 05.350% | 6,546 | 6,700 |
| AT&T INC GLOBAL NOTES 5.625% | 3,438 | 3,543 |
| AXIS CAPITAL HLDGS LTD SERIES D | 1,872 | 1,820 |
| AXIS CAPITAL HLDGS LTD SERIES E | 2,546 | 2,454 |
| BANK OF NEWYORK MELLON SERIES C | 3,928 | 3,969 |
| BB & T CORPORATION SERIES F | 658 | 664 |
| BB&T CORPORATION SER E | 4,173 | 4,387 |
| BB&T CORPORATION SER H | 2,646 | 2,659 |
| BB&T CORPORATION SERIES G | 2,995 | 3,346 |
| BOSTON PROPERTIES INC SERIES B | 446 | 452 |
| CAPITAL ONE FINANCIAL CO 6.00% SERIES H | 1,181 | 1,160 |
| CAPITAL ONE FINANCIAL CO FXD RATE | 1,756 | 1,726 |
| CAPITAL ONE FINANCIAL CO SERIES D | 3,323 | 3,204 |
| CAPITAL ONE FINANCIAL CO SERIES G | 1,175 | 1,152 |
| CAPITAL ONE FINANCIAL SER B | 1,696 | 1,763 |
| CAPITAL ONE FINCL CORP SERIES C | 2,167 | 2,211 |
| CHARLES SCHWAB CORP SER C | 5,849 | 5,857 |
| CHARLES SCHWAB CORP SER D | 2,145 | 2,078 |
| CITIGROUP INC FIXED-FLTG | 6,039 | 6,064 |
| CITIGROUP INC SER J | 2,884 | 2,836 |
| CITIZENS FINANCIAL GROUP SER D | 1,516 | 1,575 |
| CMS ENERGY CORP CUM JR SUB NOTES 5.875% | 1,519 | 1,571 |
| CMS ENERGY CORP JR. SUB NOTES 5.625% | 1,470 | 1,513 |
| DIGITAL REALTY TRUST INC SER G | 700 | 699 |
| DIGITAL REALTY TRUST INC SER H | 780 | 749 |
| DIGITAL REALTY TRUST INC SERIES I | 399 | 414 |
| DIGITAL REALTY TRUST INC SERIES J 5.25% | 599 | 568 |
| DOMINION RESOURCES SER A | 5,968 | 6,009 |
| DTE ENERGY CO SR E CUM JUNIOR SUB NOTE 5.25% | 2,260 | 2,279 |
| DTE ENERGY COMPANY JR SUBORDINATED DEB 6% SER F | 1,379 | 1,503 |
| DTE ENERGY COMPANY SER B | 2,232 | 2,236 |
| DUKE ENERGY CORP JR SUBORDINATED DEBT 5.625% | 746 | 765 |
| DUKE ENERGY CORP JUNIOR SUB DEBENTURES 5.125% | 1,205 | 1,181 |
| ENBRIDGE INC SUB NOTES SER 2018-B | 4,421 | 4,576 |
| ENTERGY ARKANSAS INC FIRST MORTGAGE BONDS 4.875% | 1,443 | 1,438 |
| ENTERGY ARKANSAS INC FIRST MORTGAGE BONDS 4.90% | 347 | 355 |
| ENTERGY ARKANSAS INC NEW MONEY 4.75% | 912 | 986 |
| ENTERGY LA LLC | 961 | 964 |
| ENTERGY LOUISIANA LLC NEW MONEY 04.700% | 312 | 394 |
| ENTERGY LOUISIANA, LLC COLLATERAL TR MTG BONDS | 1,440 | 1,452 |
| ENTERGY MISSISSIPPI INC FIRST MORTGAGE BONDS | 2,132 | 2,143 |
| ENTERGY NEW ORLEANS INC FIRST MORTGAGE BONDS 5.50% | 1,377 | 1,447 |
| FEDERAL RLTY INVESTMENT CUM PFD STK SERIES C 5.00% | 742 | 710 |
| FIFTH THIRD BANCORP FIXED-FLOAT RATE SER I 6.625% | 865 | 809 |
| FIRST REPUBLIC BANK NON CUM SER I 5.500% | 749 | 744 |
| FIRST REPUBLIC BANK NON CUM SERIES H PFD STK 05.125% | 729 | 708 |
| GATX CORPORATION SENIOR NOTES | 1,969 | 2,039 |
| GEORGIA POWER CO SER 2017A JR SUB NOTES 05.000% | 2,238 | 2,230 |
| GOLDMAN SACHS GROUP INC SERIES N | 1,447 | 1,407 |
| GOLDMAN SACHS GRP INC FIXED-TO-FLOATG | 4,476 | 4,514 |
| HARTFORD FINL SVCS GRP | 3,551 | 3,435 |
| ING GROEP NV SEC 6.125% | 2,064 | 2,189 |
| INTEGRYS ENERGY GRP, INC NTS 2013 | 5,006 | 5,122 |
| INTERSTATE POWER & LIGHT NEW MONEY SER D | 1,449 | 1,443 |
| JP MORGAN CHASE & CO NON-CUM PFD STK SER DD 5.75% | 2,248 | 2,316 |
| JP MORGAN CHASE & CO SER AA | 1,434 | 1,441 |
| JP MORGAN CHASE & CO SER Y | 2,831 | 2,937 |
| JP MORGAN CHASE & CO NON-CUM PFD STK SER EE 6.00% | 1,480 | 1,562 |
| JPMORGAN CHASE & CO SERIES P | 1,401 | 1,454 |
| JPMORGAN CHASE & CO SER BB NON-CUM PFD STK 6.15% | 748 | 736 |
| JPMORGAN CHASE & CO SERIES W | 1,613 | 1,676 |
| KEYCORP FXD-FLTG RATE | 4,242 | 4,319 |
| KEYCORP NON-CUM PFD STK SER F 5.65% | 770 | 764 |
| KIMCO REALTY CORP CLASS J | 813 | 818 |
| KIMCO REALTY CORP CLASS K | 1,461 | 1,438 |
| KIMCO REALTY CORP CUM RDMBLE PFD SHS SER L 5.125 % | 1,472 | 1,414 |
| KIMCO REALTY CORP CUM REDEEMABLE PFD SHS 5.25% CLASS M | 2,754 | 2,679 |
| METLIFE INC NON-CUM PFD STK SER E 5.625% | 2,951 | 3,010 |
| MORGAN STANLEY FIXED-FLTG SER E | 3,991 | 4,021 |
| MORGAN STANLEY FIX-FLT SERF | 2,188 | 2,212 |
| MORGAN STANLEY NEW MONEY SER I VAR% | 739 | 720 |
| MORGAN STANLEY SER A | 949 | 967 |
| MORGAN STANLEY SER G | 3,760 | 3,726 |
| MORGAN STANLEY SER K | 2,359 | 2,378 |
| NATIONAL RETAIL PROP INC SERIES F | 3,379 | 3,347 |
| NATIONAL RETAIL PROPERTI SERIES E | 1,606 | 1,718 |
| NEXTERA ENERGY CAP CUM JR SUB DEB SER N 5.65% | 4,642 | 4,719 |
| NEXTERA ENERGY CAP HLDGS SER K | 3,914 | 3,898 |
| NEXTERA ENERGY CAP HLDGS SERIES J | 729 | 836 |
| NEXTERA ENERGY CAP CUM SERIES I | 2,399 | 2,616 |
| NY COMMUNITY BANCORP INC FIXED-TO-FLTG RATE SER A 6.375% | 1,331 | 1,188 |
| PB BUSINESS PARKS INC SERIES Y CUM PFD STOCK 05.200% | 1,482 | 1,424 |
| PEOPLE'S UNITED FIN INC NEW MONEY SER A | 949 | 944 |
| PNC FINANCIAL SERVICES SER P | 7,512 | 7,424 |
| PPL CAPITAL FUNDING INC SER B | 800 | 815 |
| PRUDENTIAL FINANCIAL INC JUNIOR SUB NOTES 5.70% | 1,518 | 1,525 |
| PRUDENTIAL FINCL INC JUNIOR SUB NOTES 5.625% | 2,233 | 2,313 |
| PS BUSINESS PKS INC CUM PFD STOCK SERIES X 5.25% | 2,958 | 2,891 |
| PUBLIC STORAGE CUM PFD SHARES SER B 05.400% | 879 | 888 |
| PUBLIC STORAGE CUM PFD SER H 5.60% | 1,531 | 1,570 |
| PUBLIC STORAGE CUM PFD SHS SERIES F 05.150% | 720 | 719 |
| PUBLIC STORAGE SER C | 425 | 420 |
| PUBLIC STORAGE SER D | 423 | 414 |
| PUBLIC STORAGE SERIES A | 1,269 | 1,321 |
| PUBLIC STORAGE SERIES G CUM PREFERRED 5.05% | 593 | 600 |
| PUBLIC STORAGE SERIES V | 322 | 322 |
| PUBLIC STORAGE SERIES W | 1,152 | 1,301 |
| PUBLIC STORAGE SERIES X | 570 | 572 |
| PUBLIC STORAGE SERIES Z | 1,095 | 1,062 |
| REGIONS FINANCIAL CORP NEW MONEY SER B | 2,192 | 2,275 |
| REINSURANCE GRP OF AMER FIX-FLOAT SUB DEB | 1,556 | 1,599 |
| REINSURANCE GRP OF AMER NEW MONEY VAR% | 1,525 | 1,462 |
| RENAISSANCERE HLDGS LTD SER E | 807 | 865 |
| RENAISSANCERE HLDFS SERIES F | 2,246 | 2,261 |
| SENIOR HOUSING PPTY TRUST SENIOR NOTES 5.625% | 1,698 | 1,623 |
| SENIOR HOUSING PROPERTIE SENIOR NOTES 6.25% | 1,140 | 1,195 |
| SITE CENTERS CORP NEW MONEY SER A | 1,565 | 1,603 |
| SOUTHERN CO JR SUB NOTES SER 2017B 05.250% | 899 | 897 |
| STANLEY BLACK&DECKER JUNIOR SUB DEBENTURE | 2,962 | 2,995 |
| STATE STREET CORP NEW MONEY SER D | 1,799 | 1,763 |
| STATE STREET CORP NON-CUM FXD-FLTG SER G VAR% | 2,139 | 2,089 |
| STATE STREET CORP SERIES C NON-CUM | 1,549 | 1,565 |
| STATE STREET CORPORATION SERIES E | 4,416 | 4,451 |
| STIFEL FINANCIAL CORP SENIOR NOTES 05.200% | 1,822 | 1,761 |
| THE ALLSTATE CORP FIXED | 1,623 | 1,608 |
| THE ALLSTATE CORP NON-CUM PFD STK SER G 5.625% | 2,950 | 3,010 |
| THE ALLSTATE CORPORATION SER E | 2,432 | 2,380 |
| THE GOLDMAN SACHS GROUP SERIES J | 6,234 | 6,459 |
| THE SOUTHERN COMPANY SER 2016A | 1,416 | 1,430 |
| THE SOUTHERN COMPANY SERIES 2015A | 635 | 658 |
| TORCHMARK CORP JR SUB DEB CUM | 844 | 848 |
| U.S.BANCORP NON-CUM PFD STK SER K | 753 | 762 |
| U.S.BANCORP SERIES H | 1,267 | 1,252 |
| US BANCORP SHR SR B | 470 | 395 |
| US BANCORP VAR% | 8,771 | 8,195 |
| VORNADO REALTY TR SER K | 753 | 757 |
| VORNADO REALTY TRUST SER M CUM RDMABLE PFD SH 5.25% | 2,676 | 2,533 |
| VORNADO REALTY TRUST SERIES L | 847 | 844 |
| W.R. BERKLEY CORP SUBORDINATED DEB 5.900% | 1,133 | 1,161 |
| WEBSTER FINANCIAL CORP NON- CUM SERIES F 05.25% | 900 | 842 |
| WELLS FARGO & COMPANY CLA SER R | 4,811 | 4,752 |
| WELLS FARGO & COMPANY CLASS A | 417 | 420 |
| WELLS FARGO & COMPANY CLASS A SERIES Y 5.625% | 2,758 | 2,783 |
| WELLS FARGO & COMPANY SERIES X | 2,366 | 2,378 |
| WELLS FARGO COMPANY FIXED-TO-FLOATING | 3,480 | 3,699 |
| W.R.BERKLEY CORPORATION SUBORDINATED DEBENTURES 5.625% | 1,474 | 1,500 |
| W.R.BERKLEY CORPORATION SUBORDINATED DEBENTURES 5.75% | 2,116 | 2,116 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLIED MATERIAL INC | 14,702 | 15,150 |
| C.H. ROBINSON WORLDWIDE, INC. | 14,891 | 14,614 |
| DARDEN RESTAURANTS INC | 14,939 | 16,520 |
| EMERSON ELEC CO | 13,120 | 13,283 |
| GENERAL DYNAMICS CORP COM | 15,367 | 14,389 |
| GENUINE PARTS CO | 14,955 | 15,909 |
| HONEYWELL INTL INC DEL | 14,657 | 15,097 |
| JOHNSON AND JOHNSON COM | 14,718 | 14,818 |
| NEXTERA ENERGY INC | 12,727 | 14,692 |
| PAYCHEX INC | 14,833 | 16,040 |
| PROCTER & GAMBLE CO | 12,361 | 14,983 |
| SNAP ON INC COM | 14,228 | 14,244 |
| TEXAS INSTRUMENTS | 13,614 | 15,274 |
| V F CORPORATION | 15,703 | 14,340 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MERRILL LYNCH FEES | 4,031 | 4,031 | 0 |