| 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 Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN EXPRESS - 3.098% - 08 | 20,051 | 19,612 |
| AMERICAN TOWER CORP - 2.250% - | 19,523 | 19,140 |
| AMERICREDIT AUTO SER 2015-3 - | 1,287 | 1,286 |
| ANALOG DEVICES INC - 3.125% - | 10,074 | 9,714 |
| APACHE CORP - 4.375% - 10/15/2 | 19,441 | 18,680 |
| ASTRAZENECA PLC NOTE - 1.950% | 20,102 | 19,856 |
| AUTOZONE INC - 2.500% - 04/15/ | 9,984 | 9,779 |
| BANK OF AMERICA CORP - 3.663% | 20,267 | 19,983 |
| BB&T CORP SR MEDIUM TERM NTS M | 20,312 | 19,661 |
| BOSTON PPTYS LP NOTE - 3.850% | 10,465 | 10,018 |
| BP CAP - 3.796% - 09/21/2025 | 10,021 | 10,048 |
| CC HLDGS GS V / CROWN CASTL - | 20,086 | 19,806 |
| CLOROX - 3.050% - 09/15/2022 | 10,306 | 9,893 |
| CONTINENTAL AIRLINES - 6.545% | 4,192 | 4,123 |
| DIGITAL RLTY TR LP - 3.950% - | 15,785 | 15,089 |
| DOLLAR GENERAL CORP - 4.150% - | 10,261 | 9,983 |
| DRIVE AUTO RECV - 2.300% - 05/ | 16,825 | 16,807 |
| ENTERPRISE PRODS OPER LLC - 5. | 15,216 | 12,483 |
| EXELON CORP - 2.450% - 04/15/2 | 9,839 | 9,780 |
| EXPRESS SCRIPTS NOTE - 4.500% | 20,163 | 20,271 |
| FIDELITY NATL INFORMATION SVCS | 11,096 | 10,402 |
| GENERAL DYNAMICS CORP - 3.500% | 10,052 | 9,959 |
| GOLDMAN SACHS - 0.000% - 02/23 | 20,023 | 19,329 |
| HASBRO INC - 3.500% - 09/15/20 | 15,863 | 15,763 |
| HEALTHCARE TRUST OF AMER - 3.7 | 10,005 | 9,521 |
| JB HUNT TRANSPRT SVCS - 3.300% | 10,021 | 9,919 |
| KROGER CO - 3.700% - 08/01/202 | 10,107 | 9,440 |
| LEAR CORP - 3.800% - 09/15/202 | 18,891 | 18,269 |
| MORGAN STANLEY - 2.625% - 11/1 | 9,815 | 9,742 |
| MPLX LP - 4.800% - 02/15/2029 | 9,950 | 9,975 |
| NOBLE ENERGY INC - 3.850% - 01 | 18,585 | 18,082 |
| ROCKWELL COLLINS - 2.800% - 03 | 10,117 | 9,720 |
| ROYAL BANK OF CANADA - ?% - 02 | 20,068 | 19,846 |
| SANTANDER DRIVE - 2.100% - 06/ | 17,880 | 17,897 |
| SANTANDER DRIVE - 2.600% - 07/ | 19,999 | 19,881 |
| VERIZON COMMUNICATIONS INC - 2 | 10,080 | 10,011 |
| WEYERHAEUSER CO NT - 7.375% - | 21,123 | 20,551 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACCENTURE PLC | 12,394 | 18,331 |
| ADOBE SYSTEMS, INC | 13,868 | 26,923 |
| ALIBABA GROUP HOLDING LTD | 20,604 | 18,367 |
| ALPHABET INC CL A | 21,477 | 32,394 |
| ALPHABET INC CL C | 33,058 | 48,674 |
| ALTABA INC | 8,737 | 15,702 |
| AMAZON COM | 27,543 | 51,067 |
| AMERICAN TOWER REIT INC | 10,556 | 14,237 |
| AMERIPRISE FINANCIAL INC | 17,073 | 18,787 |
| AMPHENOL CORPORATION | 9,536 | 18,230 |
| ANTHEM INC | 12,869 | 19,435 |
| APPLE INC | 22,406 | 33,441 |
| APTIV PLC | 6,434 | 4,679 |
| ARTISAN HIGH INCOME FUND CLASS | 120,336 | 115,563 |
| ARTISAN INTERNATIONAL VALUE FU | 193,627 | 171,223 |
| ASPEN TECHNOLOGY, INC | 5,272 | 5,095 |
| AUTODESK, INC | 25,989 | 24,822 |
| BALL CP | 6,863 | 7,909 |
| BANK OF AMERICA CORP | 19,754 | 22,176 |
| BERKSHIRE HATHAWAY INC. CLASS | 29,323 | 45,941 |
| BOOKING HOLDINGS INC | 40,421 | 46,505 |
| BROADCOM INC | 13,503 | 13,731 |
| BROWN ADVISORY MORT SEC INS | 628,367 | 604,995 |
| BROWN ADVISORY SMALL-CAP FUNDA | 207,842 | 224,918 |
| BROWN ADVISORY SOMERSET EMERGI | 92,273 | 80,967 |
| BROWN ADVISORY STRATEGIC BOND | 225,766 | 212,181 |
| BROWN ADVISORY STRATEGIC EUROP | 229,990 | 206,925 |
| BROWNIA SMALL-CAP GROWTH FUND | 186,830 | 198,997 |
| BWX TECHNOLOGIES INC | 15,114 | 10,284 |
| CANADIAN NATL RAILWAY CO | 8,724 | 11,635 |
| CARMAX INC | 25,977 | 31,114 |
| CHARLES SCHWAB CORP | 20,303 | 27,534 |
| CIMAREX ENERGY CO | 13,872 | 9,371 |
| CINTAS CRP | 18,460 | 17,807 |
| CONAGRA FOODS INC | 18,839 | 11,257 |
| COSTCO WHOLESALE CORPORATION | 13,939 | 18,945 |
| CROWN CASTLE INTL | 7,756 | 9,885 |
| DANAHER CORP | 24,489 | 33,823 |
| DELTA AIR LINES INC | 14,927 | 14,271 |
| DEXCOM, INC | 9,440 | 19,767 |
| DFA EMERGING MARKETS SMALL CAP | 30,740 | 26,632 |
| DOWDUPONT INC | 15,334 | 14,279 |
| EBAY INC | 4,489 | 4,519 |
| ECOLAB INC | 8,532 | 10,315 |
| EDWARDS LIFESCIENCES | 29,927 | 53,916 |
| ELECTRONIC ARTS | 25,744 | 18,465 |
| ESTEE LAUDER COMPANIES INC | 12,331 | 18,474 |
| FACEBOOK INC | 33,280 | 30,020 |
| FLEETCOR TECHNOLGIES INC | 7,606 | 9,286 |
| FORTIVE CORPORATION | 23,019 | 27,673 |
| GEN DYNAMICS CP | 9,340 | 10,376 |
| GENPACT LIMITED | 9,394 | 14,871 |
| HOME DEPOT INC | 6,147 | 5,842 |
| HUNT J B | 8,297 | 8,188 |
| IDEXX CORP | 3,221 | 4,278 |
| ILLUMINA INC COM | 5,595 | 5,399 |
| INTUIT | 23,960 | 36,220 |
| INTUITIVE SURGICAL | 8,060 | 26,341 |
| JP MORGAN CHASE | 20,820 | 30,653 |
| KINDER MORGAN INC | 26,494 | 18,318 |
| KKR & CO INC | 11,945 | 9,010 |
| LOWES COMPANIES INC | 25,607 | 33,527 |
| MARRIOTT INTERNATIONAL INC. CL | 9,592 | 7,816 |
| MARVELL TECHNOLOGY GROUP LTD | 10,192 | 7,868 |
| MASTERCARD INC | 22,287 | 46,597 |
| MERCK & CO INC | 5,598 | 8,940 |
| METTLER-TOLEDO INTL | 6,001 | 7,353 |
| MICROSOFT CORP | 42,446 | 70,388 |
| MONOLITHIC POWER SYSTEMS, INC | 6,572 | 7,324 |
| NOMAD FOODS LIMITED | 12,493 | 14,145 |
| NORDSON CP | 7,299 | 7,042 |
| NXP SEMICONDUCTORS | 14,953 | 12,164 |
| PAYPAL HOLDINGS, INC | 20,833 | 44,568 |
| REGIONS FINANCIAL CORP | 15,976 | 17,809 |
| ROPER INDUSTRIES | 16,047 | 22,921 |
| SALESFORCE.COM | 15,402 | 31,092 |
| SBA COMMUNICATIONS CORP | 28,043 | 35,616 |
| SHERWIN-WILLIAMS CO | 22,445 | 21,640 |
| SMITH A O CORP DEL COM | 5,988 | 6,149 |
| SUNCOR ENERGY INC | 18,475 | 14,265 |
| T. ROWE PRICE ASSOCIATES | 5,383 | 7,386 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 9,789 | 9,892 |
| THERMO FISHER SCIENTIFIC INC | 25,958 | 36,030 |
| TJX COMPANIES INC | 26,851 | 31,407 |
| TYLER TECHNOLOGIES, INC | 5,514 | 6,504 |
| UNILEVER N V N Y | 7,035 | 7,048 |
| UNITED RENTALS INC | 4,814 | 8,100 |
| UNITED TECHNOLOGIES CORP | 13,980 | 12,565 |
| UNITEDHEALTH GROUP INC | 32,846 | 41,603 |
| VERISK ANALYTICS, INC | 7,796 | 9,705 |
| VISA INC | 48,767 | 100,274 |
| WALT DISNEY HOLDINGS CO | 13,381 | 14,583 |
| WELLS FARGO & CO | 29,584 | 26,312 |
| WEST PHARMA SVCS INC | 8,378 | 8,431 |
| ZOETIS INC | 20,731 | 29,426 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 29,844 | 29,844 | ||
| Bank Charges | 67 | 67 | ||
| FOUNDATION DUES & MEMBERSHIPS | 6,000 | 6,000 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Class Action Lawsuit Proceeds | 1,389 | 1,389 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 42,822 | 42,822 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2018 | 300 | |||
| Foreign Tax Paid | 234 | 234 |