| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING/TAX FEES | 1,650 | 0 | 1,650 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFLAC INC. - 500 SHS | 31,416 | 45,560 |
| ANI PHARMACEUTICALS - 500 SHS | 29,858 | 22,510 |
| AT & T INC. - 1000 SHS | 32,757 | 28,540 |
| ABBOTT LABORATORIES - 750 SHS | 30,007 | 54,248 |
| ANTARES PHARMA INC. - 7500 SHS | 22,677 | 20,400 |
| ASSERTIO THERAPEUTICS INC - 1500 SHS | 33,094 | 5,415 |
| BOSTON SCIENTIFIC CORP - 1000 SHS | 28,863 | 35,340 |
| BRISTOL MYERS SQUIBB CO. - 500 SHS | 30,086 | 25,990 |
| C H ROBINSON WORLDWIDE INC - 300 SHS | 25,302 | 25,227 |
| CVS HEALTH CORP - 350 SHS | 28,616 | 22,932 |
| CARDIOVASCULAR SYSTEMS INC - 1000 SHS | 28,683 | 28,490 |
| CHAMPIONS ONCOLOGY INC - 4000 SHS | 28,268 | 31,240 |
| CIENA CORP - 1000 SHS | 31,555 | 33,910 |
| CRAFT BREW ALLIANCE INC - 1500 SHS | 30,095 | 21,465 |
| DONALDSON COMPANY INC - 400 SHS | 19,326 | 17,356 |
| ELI LILLY & CO. - 1000 SHS | 33,867 | 115,720 |
| EXPEDITORS INTL WASHINGTON INC - 600 SHS | 28,934 | 40,854 |
| FASTENAL COMPANY MM - 500 SHS | 25,953 | 26,145 |
| FULLER H B COMPANY - 600 SHS | 26,085 | 25,602 |
| GENERAL ELECTRIC CO - 2000 SHS | 29,660 | 15,140 |
| INTEGER HOLDINGS CORP - 400 SHS | 26,841 | 30,504 |
| INTEL CORP - 500 SHS | 25,215 | 23,465 |
| JP MORGAN CHASE & CO DEP SHRS REP PFD - 2000 SHS | 51,600 | 51,560 |
| MATERION CORPORATION - 500 SHS | 27,290 | 22,495 |
| MERCK & CO INC - 500 SHS | 30,594 | 38,205 |
| MICROSOFT CORP - 500 SHS | 23,780 | 50,785 |
| PATTERSON COMPANIES INC - 1000 SHS | 25,797 | 19,660 |
| PFIZER INC. - 1500 SHS | 34,252 | 65,475 |
| RUBICON PROJECT INC - 7500 SHS | 29,912 | 27,975 |
| SENSUS HEALTHCARE INC | 30,312 | 29,640 |
| TCF FINANCIAL PFD - 1000 SHS | 25,952 | 22,840 |
| TARGET CORP - 500 SHS | 29,642 | 33,045 |
| TILE SHOP HOLDINGS INC - 5000 SHS | 27,982 | 27,400 |
| VERICEL CORP - 2000 SHS | 26,000 | 34,800 |
| VERIZON COMMUNICATIONS - 500 SHS | 26,025 | 28,110 |
| WELLS FARGO & CO DEP SHRS REP PFD - 2000 SHS | 50,200 | 50,220 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GMAC CAPITAL TRUST 8.125% - 2000 SHS | AT COST | 52,587 | 50,778 |
| BANK OF AMERICA DEP SH - 2000 SHS | AT COST | 51,672 | 50,380 |
| CAPITAL ONE FINANCIAL CORP - 2000 SHS | AT COST | 50,599 | 48,902 |
| GOLDMAN SACHS GROUP - 1000 SHS | AT COST | 26,803 | 25,360 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN ANNUAL REGISTRATION FEE | 25 | 0 | 25 | |
| PORTFOLIO DEDUCTIONS | 59 | 59 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PORFOLIO INCOME | 976 | 976 | 976 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 17,735 | 17,735 | 0 |