TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
BILL & BEA IDEMA FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3636
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI495013636

A Employer identification number

38-2653272

B Telephone number (see instructions)

(800) 400-0439

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$15,017,889J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	14,451		14,451
4	Dividends and interest from securities...	373,465		373,465
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		607,514
b	Gross sales price for all assets on line 6a 5,226,976
7	Capital gain net income (from Part IV, line 2)...			607,514
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		-3,796	-3,796
12	Total. Add lines 1 through 11........	991,634		991,634
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		3,295	1,648	0	1,648
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		40,438	11,684		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		112,669	111,500		1,169
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	156,402		124,832	0	2,817
25	Contributions, gifts, grants paid.......	900,000				900,000
26	Total expenses and disbursements. Add lines 24 and 25	1,056,402		124,832	0	902,817
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-64,768
b	Net investment income (if negative, enter -0-)			866,802
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	19,389	5	5
	2	Savings and temporary cash investments.........	672,583	672,599	672,599
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,727,607	3,328,687	4,370,663
	c	Investments—corporate bonds (attach schedule).......	1,834,780	1,433,226	1,396,215
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,921,562	8,676,145	8,578,407
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	3,643	4,130
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,179,564	14,114,792	15,017,889
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	14,143,101	14,114,792
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	36,463
	30	Total net assets or fund balances (see instructions).....	14,179,564	14,114,792
	31	Total liabilities and net assets/fund balances (see instructions).	14,179,564	14,114,792

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

14,179,564

Enter amount from Part I, line 27a .....................

-64,768

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

14,114,796

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

14,114,792

Form 990-PF (2018)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	17. BARD C R INC COM		2011-12-14	2018-01-02
b	14. ALEXANDRIA REAL ESTATE EQUITIES INC		2017-06-12	2018-01-04
c	11. ALEXANDRIA REAL ESTATE EQUITIES INC		2017-05-16	2018-01-04
d	19. ALEXANDRIA REAL ESTATE EQUITIES INC		2011-08-18	2018-01-04
e	13. AMERICAN CAMPUS CMNTYS INC		2017-05-16	2018-01-04
	101. AMERICAN CAMPUS CMNTYS INC		2015-01-22	2018-01-04
	272. BRIXMOR PPTY GROUP INC		2015-01-26	2018-01-04
	31. BRIXMOR PPTY GROUP INC		2015-01-26	2018-01-04
	590. COLONY NORTHSTAR INC CL A COM		2015-10-13	2018-01-04
	51. COLONY NORTHSTAR INC CL A COM		2017-05-16	2018-01-04
	14. EPR PPTYS		2017-05-16	2018-01-04
	41. EPR PPTYS		2017-08-28	2018-01-04
	14. EPR PPTYS		2011-08-31	2018-01-04
	31. EPR PPTYS		2012-06-28	2018-01-04
	21. GAMING & LEISURE PPTYS INC		2017-05-16	2018-01-04
	89. GAMING & LEISURE PPTYS INC		2016-10-07	2018-01-04
	58. VENTAS INC COM		2011-08-18	2018-01-04
	4. VENTAS INC COM		2011-07-22	2018-01-04
	69. VENTAS INC COM		2011-08-11	2018-01-04
	65. DCP MIDSTREAM PARTNERS [LP]		2015-01-29	2018-01-05
	53. ONEOK INC NEW COM		2017-07-03	2018-01-05
	.63 BECTON DICKINSON & CO COM		2018-01-02	2018-01-08
	1880. ISHARES TR S&P 500 INDEX FD		2013-01-11	2018-01-09
	138. MITSUBISHI ESTATE LTD ADR [QDI]		2013-10-01	2018-01-09
	3. MITSUBISHI ESTATE LTD ADR [QDI]		2013-09-30	2018-01-09
	158. MITSUBISHI ESTATE LTD ADR [QDI]		2013-09-30	2018-01-10
	292. MITSUBISHI ESTATE LTD ADR [QDI]		2013-10-02	2018-01-10
	25. BIOTELEMETRY INC		2017-12-08	2018-01-18
	19. BLUE BUFFALO PET PRODS INC		2017-03-09	2018-01-18
	3. COHERENT INC COM		2016-08-15	2018-01-18
	29. KULICKE & SOFFA INDS INC COM		2017-05-25	2018-01-18
	5. LUMENTUM HLDGS INC COM		2017-12-07	2018-01-18
	3. NATUS MED INC DEL COMMON		2016-06-09	2018-01-18
	2. NATUS MED INC DEL COMMON		2016-06-09	2018-01-18
	88. NATUS MED INC DEL COMMON		2014-12-09	2018-01-18
	13. NATUS MED INC DEL COMMON		2014-12-09	2018-01-18
	5. NATUS MED INC DEL COMMON		2016-06-08	2018-01-18
	21. NATUS MED INC DEL COMMON		2017-05-25	2018-01-18
	302. OCLARO INC		2017-02-03	2018-01-18
	198. OCLARO INC		2017-02-03	2018-01-18
	53. OCLARO INC		2017-05-25	2018-01-18
	226. OCLARO INC		2017-12-07	2018-01-18
	8. ROGERS CORP		2017-09-18	2018-01-18
	55. STEPAN CO		2017-05-25	2018-01-18
	10. STEPAN CO		2017-12-07	2018-01-18
	11. STIFEL FINL CORP		2017-03-09	2018-01-18
	223. SUCAMPO PHARMACEUTICALS INC		2016-12-20	2018-01-18
	98. SUCAMPO PHARMACEUTICALS INC		2017-03-09	2018-01-18
	109. JAMES RIV GROUP LTD COM [QDI]		2016-08-16	2018-01-18
	38. JAMES RIV GROUP LTD COM [QDI]		2016-08-15	2018-01-18
	8. BECTON DICKINSON & CO COM		2018-01-02	2018-01-19
	1192. TORONTO DOMINION BK ONT SEDOL 2897222 [QDI]		2015-04-15	2018-01-29
	28. TORONTO DOMINION BK ONT SEDOL 2897222 [QDI]		2016-09-28	2018-01-29
	228. IRON MTN INC NEW		2015-01-22	2018-01-30
	29. IRON MTN INC NEW		2017-05-16	2018-01-30
	98. IRON MTN INC NEW		2015-10-13	2018-01-30
	20000. UNITED STATES TREAS NTS 01/31/13 0.875 01/31/18		2017-09-25	2018-01-31
	2. GLOBAL PAYMENTS INC W/I		2011-12-14	2018-02-08
	2. GLOBAL PAYMENTS INC W/I		2012-07-11	2018-02-08
	2. INTUIT COM		2011-07-22	2018-02-08
	637. CVS/CAREMARK CORPORATION		2016-08-05	2018-02-09
	219. CVS/CAREMARK CORPORATION		2017-06-14	2018-02-09
	75. MASTERCARD INC		2015-06-11	2018-02-09
	775. BIG LOTS INC		2015-09-10	2018-02-12
	.037 ENBRIDGE ENERGY MGMT L L C SHS UNITS REPSTG LTD LIABILITY		2017-10-06	2018-02-16
	.656 ENBRIDGE ENERGY MGMT L L C SHS UNITS REPSTG LTD LIABILITY		2017-10-06	2018-02-16
	1231. NOVO-NORDISK A S ADR [QDI]		2015-04-15	2018-02-16
	29. NOVO-NORDISK A S ADR [QDI]		2016-09-28	2018-02-16
	83. UNITEDHEALTH GROUP INC		2015-04-15	2018-02-16
	19. LUMENTUM HLDGS INC COM		2017-12-07	2018-02-21
	7. LYDALL INC COM		2017-03-09	2018-02-21
	8. LYDALL INC COM		2017-03-09	2018-02-21
	21. LYDALL INC COM		2018-01-18	2018-02-21
	51. LYDALL INC COM		2016-08-16	2018-02-21
	21. LYDALL INC COM		2016-08-15	2018-02-21
	13. MKS INSTRS INC		2016-08-15	2018-02-21
	19. ON ASSIGNMENT INC COM		2016-06-08	2018-02-21
	21. REALPAGE INC		2017-12-08	2018-02-21
	299. TTM TECHNOLOGIES INC COMMON		2017-05-25	2018-02-21
	43. TTM TECHNOLOGIES INC COMMON		2017-12-07	2018-02-21
	32. NASPERS LTD SPONSORED ADR [QDI]		2015-07-08	2018-02-27
	54. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2014-08-29	2018-02-27
	3. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2014-10-14	2018-02-27
	118. NASPERS LTD SPONSORED ADR [QDI]		2015-07-08	2018-02-28
	20000. US TREASURY NT 02/28/11 2.750 02/28/18		2017-09-25	2018-02-28
	25000. FREDDIE MAC 01/17/13 0.875 03/07/18		2013-07-26	2018-03-07
	10000. FREDDIE MAC 01/17/13 0.875 03/07/18		2015-04-30	2018-03-07
	6. GLOBAL PAYMENTS INC W/I		2012-07-11	2018-03-07
	3. INTUIT COM		2011-07-22	2018-03-07
	87. ARMADA HOFFLER PPTYS INC		2016-09-29	2018-03-20
	108. BLUE BUFFALO PET PRODS INC		2017-03-09	2018-03-20
	33. BLUE BUFFALO PET PRODS INC		2017-05-25	2018-03-20
	13. CENTRAL GARDEN & PET CO		2018-01-18	2018-03-20
	14. CENTRAL GARDEN & PET CO		2017-03-10	2018-03-20
	9. CHESAPEAKE UTILS CORP COM		2016-12-20	2018-03-20
	9. COLUMBIA SPORTSWEAR CO		2014-12-09	2018-03-20
	15. COMFORT SYS USA INC COM		2015-12-08	2018-03-20
	15. CORCEPT THERAPEUTICS INC OC-COM		2018-01-18	2018-03-20
	3. LIGAND PHARMACEUTICALS INC		2016-09-29	2018-03-20
	3. LIGAND PHARMACEUTICALS INC		2014-09-30	2018-03-20
	35. MARCUS CORP DEL COM		2017-05-26	2018-03-20
	4. MARRIOTT VACATIONS WORLDWIDE		2016-08-16	2018-03-20
	30. RPC ENERGY SVCS INC		2018-01-18	2018-03-20
	12. SKYWEST INC COM		2017-09-19	2018-03-20
	7. SUPERNUS PHARMACEUTICALS INC		2017-10-02	2018-03-20
	17. TOPBUILD CORP COM		2017-05-25	2018-03-20
	20. UNIVERSAL INSURANCE HOLDINGS		2018-01-18	2018-03-20
	11. WESTERN ALLIANCE BANCORP		2016-08-16	2018-03-20
	33. APOGEE ENTERPRISES INC COM		2015-09-03	2018-03-21
	37. APOGEE ENTERPRISES INC COM		2015-09-02	2018-03-21
	20. APOGEE ENTERPRISES INC COM		2017-10-02	2018-03-21
	17. APOGEE ENTERPRISES INC COM		2018-01-18	2018-03-21
	12. APOGEE ENTERPRISES INC COM		2016-01-26	2018-03-21
	173. ARMADA HOFFLER PPTYS INC		2016-09-29	2018-03-21
	87. ARMADA HOFFLER PPTYS INC		2016-09-30	2018-03-21
	11. GRAY TELEVISION INC		2018-01-18	2018-03-21
	104. GRAY TELEVISION INC		2017-09-19	2018-03-21
	205. GRAY TELEVISION INC		2017-09-18	2018-03-21
	90. PRESTIGE BRANDS HLDGS INC		2017-06-30	2018-03-21
	20. PRESTIGE BRANDS HLDGS INC		2017-12-07	2018-03-21
	37. PRESTIGE BRANDS HLDGS INC		2018-02-21	2018-03-21
	22. RENASANT CORP		2017-12-08	2018-03-21
	128. RENASANT CORP		2014-03-11	2018-03-21
	214. WEB COM GROUP INC		2017-06-30	2018-03-21
	33. WEB COM GROUP INC		2017-12-07	2018-03-21
	10000. GOLDMAN SACH 04/01/08 6.150 04/01/18		2014-08-19	2018-04-01
	25000. GOLDMAN SACH 04/01/08 6.150 04/01/18		2015-04-30	2018-04-01
	187. ESTEE LAUDER COS INC CL A		2015-08-11	2018-04-04
	78. MASTERCARD INC		2015-06-11	2018-04-04
	35. SHERWIN WILLIAMS CO COM		2016-02-26	2018-04-04
	30. UNITEDHEALTH GROUP INC		2015-04-15	2018-04-04
	93. ACCENTURE PLC CLASS A [QDI]		2015-04-15	2018-04-04
	10000. AT&T INC SR NT 03/10/14 3.900 03/11/24		2016-11-08	2018-04-12
	10000. ABBOTT LABORATORIES 05/27/10 4.125 05/27/20		2011-11-29	2018-04-12
	34. ANDEAVOR LOGISTICS LP COM UNIT LTD PARTNERSHIP INT		2018-01-05	2018-04-12
	61. ANDEAVOR LOGISTICS LP COM UNIT LTD PARTNERSHIP INT		2017-10-06	2018-04-12
	241. ANDEAVOR LOGISTICS LP COM UNIT LTD PARTNERSHIP INT		2017-09-01	2018-04-12
	47. ANDEAVOR LOGISTICS LP COM UNIT LTD PARTNERSHIP INT		2017-12-04	2018-04-12
	10000. ANHEUSER-BUSCH INBEV FIN 01/17/13 2.625 01/17/23		2015-04-29	2018-04-12
	10000. BANK AMER CORP 04/01/14 4.000 04/01/24		2015-12-08	2018-04-12
	10000. BANK NOVA SCOTIA HALIFAX SR NT 01/13/11 4.375 01/13/21		2015-04-30	2018-04-12
	339. BUCKEYE PARTNERS [LP]		2015-01-29	2018-04-12
	45. BUCKEYE PARTNERS [LP]		2017-02-13	2018-04-12
	306. CHENIERE ENERGY PARTNERS [LP]		2017-03-10	2018-04-12
	10000. CONOCOPHILLIPS CO SR GLBL NT 11/12/14 3.350 11/15/24		2015-05-06	2018-04-12
	392. DCP MIDSTREAM PARTNERS [LP]		2015-01-29	2018-04-12
	90. DCP MIDSTREAM PARTNERS [LP]		2015-02-02	2018-04-12
	9. EQT MIDSTREAM PARTNERS L P UNIT [LP]		2017-06-02	2018-04-12
	196. EQT MIDSTREAM PARTNERS L P UNIT [LP]		2015-12-07	2018-04-12
	662.037 ENBRIDGE ENERGY MGMT L L C SHS UNITS REPSTG LTD LIABILITY		2017-10-06	2018-04-12
	138.962 ENBRIDGE ENERGY MGMT L L C SHS UNITS REPSTG LTD LIABILITY		2017-12-04	2018-04-12
	64. ENERGY TRANSFER EQUITY [LP]		2015-11-10	2018-04-12
	177. ENERGY TRANSFER EQUITY [LP]		2015-12-07	2018-04-12
	946. ENERGY TRANSFER EQUITY [LP]		2016-03-21	2018-04-12
	44. ENLINK MIDSTREAM PARTNERS LP		2016-12-23	2018-04-12
	36. ENLINK MIDSTREAM PARTNERS LP		2016-01-13	2018-04-12
	586. ENLINK MIDSTREAM PARTNERS LP		2015-12-07	2018-04-12
	159. ENLINK MIDSTREAM PARTNERS LP		2016-03-21	2018-04-12
	1039. ENTERPRISE PRODUCTS PARTNERS [LP]		2015-01-29	2018-04-12
	86. ENTERPRISE PRODUCTS PARTNERS [LP]		2018-01-05	2018-04-12
	73. ENTERPRISE PRODUCTS PARTNERS [LP]		2017-03-10	2018-04-12
	34. ENTERPRISE PRODUCTS PARTNERS [LP]		2017-12-04	2018-04-12
	5000. FANNIE MAE 04/26/16 2.125 04/24/26		2016-10-14	2018-04-12
	35000. FANNIE MAE 07/28/14 1.750 09/12/19		2014-09-09	2018-04-12
	35000. FEDERAL HOME LN MTG CORP 03/27/09 3.750 03/27/19		2013-11-08	2018-04-12
	35000. FREDDIE MAC 01/13/12 2.375 01/13/22		2014-03-19	2018-04-12
	35000. FREDDIE MAC 04/04/13 1.375 05/01/20		2013-05-13	2018-04-12
	10000. HSBC HLDGS PLC SR NT 04/05/11 5.100 04/05/21		2013-10-01	2018-04-12
	270. KINDER MORGAN INC DEL		2017-02-13	2018-04-12
	580. KINDER MORGAN INC DEL		2017-02-13	2018-04-12
	50. KINDER MORGAN INC DEL		2017-02-13	2018-04-12
	58. KINDER MORGAN INC DEL		2017-06-02	2018-04-12
	37. MPLX LP COM UNIT REPSTG LTD PARTNER [LP]		2017-02-13	2018-04-12
	58. MPLX LP COM UNIT REPSTG LTD PARTNER [LP]		2016-12-23	2018-04-12
	45. MPLX LP COM UNIT REPSTG LTD PARTNER [LP]		2016-12-23	2018-04-12
	329. MPLX LP COM UNIT REPSTG LTD PARTNER [LP]		2016-05-23	2018-04-12
	23. MPLX LP COM UNIT REPSTG LTD PARTNER [LP]		2017-06-02	2018-04-12
	220. MAGELLAN MIDSTREAM PARTNERS [LP]		2015-01-29	2018-04-12
	10000. MCDONALDS CORP MTN 05/26/15 2.200 05/26/20		2015-06-12	2018-04-12
	248. ONEOK INC NEW COM		2017-07-03	2018-04-12
	10000. PACIFIC BELL 03/23/93 7.125 03/15/26		2016-07-12	2018-04-12
	21. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2016-10-07	2018-04-12
	30. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2017-03-10	2018-04-12
	59. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2016-09-02	2018-04-12
	87. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2016-07-28	2018-04-12
	631. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2016-03-21	2018-04-12
	73. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2018-01-05	2018-04-12
	90. PLAINS ALL AMERN PIPELINE L P UNIT [LP]		2017-12-04	2018-04-12
	10000. SHELL INTERNATIONAL FIN BV SR 05/11/15 3.250 05/11/25		2015-11-17	2018-04-12
	235. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-05-23	2018-04-12
	83. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-07-28	2018-04-12
	67. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-09-02	2018-04-12
	66. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-10-07	2018-04-12
	64. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-12-23	2018-04-12
	10. SHELL MIDSTREAM PARTNERS L P UNIT LTD INT		2016-12-23	2018-04-12
	34. TC PIPELINES LP UNIT COM [LP]		2017-06-02	2018-04-12
	51. TC PIPELINES LP UNIT COM [LP]		2017-10-06	2018-04-12
	231. TC PIPELINES LP UNIT COM [LP]		2016-03-21	2018-04-12
	10000. TARGET CORP 01/12/12 2.900 01/15/22		2012-01-23	2018-04-12
	10000. TOTAL CAP CDA LTD 01/17/13 2.750 07/15/23		2015-10-08	2018-04-12
	2800. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [NQDI]		2016-06-08	2018-04-12
	5470. UBS E-TRACS ALERIAN MLP INFRASTR ETN ETF [NQDI]		2016-07-26	2018-04-12
	10000. WESTPAC BKG CORP SR GLBL 05/13/16 2.850 05/13/26		2016-08-18	2018-04-12
	34. WILLIAMS PARTNERS L P NEW COM UNIT [LP]		2017-03-10	2018-04-12
	413. WILLIAMS PARTNERS L P NEW COM UNIT [LP]		2016-12-23	2018-04-12
	27. MEDNAX INC		2018-02-07	2018-04-24
	45. MEDNAX INC		2012-08-10	2018-04-24
	35000. MEDTRONIC INC 03/12/09 5.600 03/15/19		2012-10-15	2018-04-27
	612. TURKIYE GARANTI BANKASI - ADR [QDI]		2013-06-13	2018-04-27
	844. TURKIYE GARANTI BANKASI - ADR [QDI]		2011-07-22	2018-04-27
	700. TURKIYE GARANTI BANKASI - ADR [QDI]		2011-08-31	2018-04-27
	697. TURKIYE GARANTI BANKASI - ADR [QDI]		2011-10-27	2018-04-27
	742. TURKIYE GARANTI BANKASI - ADR [QDI]		2011-11-10	2018-04-27
	743. TURKIYE GARANTI BANKASI - ADR [QDI]		2011-12-07	2018-04-27
	15000. UNITED STATES TREAS NTS 05/02/11 2.625 04/30/18		2017-10-06	2018-04-30
	25000. AT&T INC SR NT 03/10/14 3.900 03/11/24		2016-11-08	2018-05-08
	25000. CONOCOPHILLIPS CO SR GLBL NT 11/12/14 3.350 11/15/24		2015-05-06	2018-05-08
	15000. DEERE JOHN CAP CORP MEDIUM 10/12/12 1.700 01/15/20		2015-07-22	2018-05-08
	10000. INTEL CORP 09/19/11 3.300 10/01/21		2012-12-05	2018-05-08
	5000. INTEL CORP 09/19/11 3.300 10/01/21		2013-05-22	2018-05-08
	1510.639 T ROWE PRICE REAL ESTATE FUND		2009-07-10	2018-05-08
	10000. UNITED STATES TREAS NTS 03/31/14 2.250 03/31/21		2015-04-29	2018-05-08
	20000. UNITED STATES TREAS NTS 08/15/14 2.375 08/15/24		2015-03-06	2018-05-08
	15000. UNITED STATES TREAS NTS 02/15/15 2.000 02/15/25		2017-08-04	2018-05-08
	20000. UNITED STATES TREAS NTS 02/15/13 2.000 02/15/23		2014-06-10	2018-05-08
	125. VANGUARD REAL ESTATE ETF		2016-08-12	2018-05-08
	1770. VANGUARD REAL ESTATE ETF		2016-09-15	2018-05-08
	1845. VANGUARD REAL ESTATE ETF		2016-10-11	2018-05-08
	325. VANGUARD REAL ESTATE ETF		2016-11-09	2018-05-08
	27. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-07-22	2018-05-18
	90. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-12-07	2018-05-18
	54. SHIRE PLC [QDI]		2017-05-22	2018-05-18
	33. SHIRE PLC [QDI]		2016-11-25	2018-05-18
	36. SHIRE PLC [QDI]		2016-11-28	2018-05-18
	45. SHIRE PLC [QDI]		2017-07-31	2018-05-18
	35000. FANNIE MAE 04/15/13 0.875 05/21/18		2013-10-01	2018-05-21
	25. AIR TRANSPORT SERVICES GRP INC		2018-03-20	2018-05-29
	159. AIR TRANSPORT SERVICES GRP INC		2016-12-22	2018-05-29
	17. AIR TRANSPORT SERVICES GRP INC		2016-12-21	2018-05-29
	14. AIR TRANSPORT SERVICES GRP INC		2016-12-20	2018-05-29
	94. BIG LOTS INC		2017-09-18	2018-05-29
	16. BIG LOTS INC		2018-03-20	2018-05-29
	6. BIOTELEMETRY INC		2017-12-08	2018-05-29
	9. BIOTELEMETRY INC		2017-12-07	2018-05-29
	8. BIOTELEMETRY INC		2017-03-09	2018-05-29
	30. BOTTOMLINE TECHNOLOGIES DEL INC		2018-01-18	2018-05-29
	44. CENTERSTATE BANK CORPORATION		2016-08-16	2018-05-29
	33. CHEFS WHSE HLDGS LLC		2018-03-21	2018-05-29
	8. EURONET WORLDWIDE INC		2017-12-07	2018-05-29
	7. EURONET WORLDWIDE INC		2018-03-20	2018-05-29
	3. EURONET WORLDWIDE INC		2016-12-20	2018-05-29
	2. EURONET WORLDWIDE INC		2016-01-27	2018-05-29
	45. EURONET WORLDWIDE INC		2016-01-26	2018-05-29
	39. HMS HLDGS CORP		2017-09-18	2018-05-29
	35. HARSCO CORP COM		2018-03-21	2018-05-29
	86. LUMENTUM HLDGS INC COM		2017-12-07	2018-05-29
	7. MASIMO CORP		2018-03-20	2018-05-29
	20. MERIT MED SYS INC COM		2018-01-18	2018-05-29
	104. PROGRESS SOFTWARE CORP		2018-02-21	2018-05-29
	31. PROGRESS SOFTWARE CORP		2018-03-20	2018-05-29
	12. SUPERNUS PHARMACEUTICALS INC		2017-10-02	2018-05-29
	9. SUPERNUS PHARMACEUTICALS INC		2016-03-29	2018-05-29
	21. TRINET GROUP INC		2016-12-21	2018-05-29
	63. VONAGE HLDGS CORP		2018-01-18	2018-05-29
	11. WEIGHT WATCHERS INTL INC NEW		2018-03-20	2018-05-29
	.5 APERGY CORP		2014-07-25	2018-05-30
	37. EDUCATION RLTY TR INC		2017-06-12	2018-06-05
	18. EDUCATION RLTY TR INC		2017-05-16	2018-06-05
	96. EDUCATION RLTY TR INC		2015-01-22	2018-06-05
	51. AIA GROUP LTD SPONSORED ADR [NQDI]		2014-10-14	2018-06-12
	100. AIA GROUP LTD SPONSORED ADR [NQDI]		2014-10-15	2018-06-12
	198. AIR LIQUIDE ADR [QDI]		2017-09-26	2018-06-12
	41. ALFA LAVAL AB SWEDEN ADR [QDI]		2016-02-11	2018-06-12
	192. ALLIANZ AKTIENGESELLSCHAFT SPONSORED ADR REPSTG 1/10 SH [QDI]		2017-12-19	2018-06-12
	82. ASPEN PHARMACARE HLDGS LTD ADR [QDI]		2018-02-27	2018-06-12
	36. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM [QDI]		2011-07-22	2018-06-12
	19. BAIDU INC ADR		2015-02-18	2018-06-12
	323. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-02-25	2018-06-12
	66. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-02-22	2018-06-12
	181. BAYER A G SPONSORED ADR [QDI]		2017-12-19	2018-06-12
	34. BAYERISCHE MOTOREN WERKE A G SPONSORED ADR [QDI]		2013-07-26	2018-06-12
	16. CSL LTD SPONSORED ADR [QDI]		2011-10-27	2018-06-12
	15. CANADIAN NATL RAILWAY CO COM [QDI]		2014-10-14	2018-06-12
	16. CANADIAN NATL RAILWAY CO COM [QDI]		2013-06-13	2018-06-12
	475. CARTER'S INC		2017-07-11	2018-06-12
	34. DBS GROUP HLDGS LTD ADR [NQDI]		2013-06-13	2018-06-12
	26. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-09	2018-06-12
	32. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-12-07	2018-06-12
	600. E TRADE FINANCIAL CORP		2014-08-19	2018-06-12
	42. FANUC CORPORATION ADR [QDI]		2014-10-14	2018-06-12
	85. FANUC CORPORATION ADR [QDI]		2016-04-13	2018-06-12
	42. FRESENIUS MED CARE AG SPONSORED ADR [QDI]		2016-07-20	2018-06-12
	61. FUCHS PETROLUB SE ADR [QDI]		2014-03-20	2018-06-12
	40. GRIFOLS S A ADR [QDI]		2015-11-16	2018-06-12
	35. GRUPO FINANCIERO BANORTE S A B DE C V [QDI]		2017-02-06	2018-06-12
	11. HDFC BANK LTD ADR [QDI]		2017-06-30	2018-06-12
	23. HSBC HLDGS PLC ADR [QDI]		2016-12-13	2018-06-12
	123. ICICI BK LTD ADR [QDI]		2016-12-14	2018-06-12
	80. INFINEON TECHNOLOGIES-ADR [QDI]		2017-11-20	2018-06-12
	410. ISHARES TR MSCI EAFE INDEX FD ETF [RIC]		2009-09-09	2018-06-12
	110. ITAU UNIBANCO HOLDINGS SA [NQDI]		2012-07-31	2018-06-12
	10. KUBOTA CORP [QDI]		2016-05-25	2018-06-12
	63. L OREAL CO ADR [QDI]		2011-07-22	2018-06-12
	30. LVMH MOET HENNESSY LOU-ADR [QDI]		2011-07-22	2018-06-12
	83. LONZA GROUP AG ADR [QDI]		2018-05-18	2018-06-12
	70. NASPERS LTD SPONSORED ADR [QDI]		2015-07-08	2018-06-12
	19. NESTLE S A SPONSORED A D R [QDI]		2014-10-14	2018-06-12
	33. NESTLE S A SPONSORED A D R [QDI]		2013-06-13	2018-06-12
	24. NOVOZYMES A/S ADR		2018-03-27	2018-06-12
	3204.601 OPPENHEIMER DEVELOPING MARKETS CLASS I		2011-08-10	2018-06-12
	1864.106 OPPENHEIMER DEVELOPING MARKETS CLASS I		2016-05-12	2018-06-12
	33. PARK24 CO LTD SPONSORED ADR [QDI]		2016-02-04	2018-06-12
	113. ROCHE HLDG LTD SPONSORED ADR [QDI]		2015-10-01	2018-06-12
	63. ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS [QDI]		2016-03-10	2018-06-12
	13. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2014-10-14	2018-06-12
	22. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2012-05-04	2018-06-12
	37. SASOL LTD SPONSORED ADR [QDI]		2011-07-22	2018-06-12
	11. SCHLUMBERGER LTD COM [QDI]		2014-10-14	2018-06-12
	12. SCHLUMBERGER LTD COM [QDI]		2015-11-03	2018-06-12
	33. SONOVA HLDG AG ADR [QDI]		2013-06-13	2018-06-12
	55. SYSMEX CORP ADR [QDI]		2012-05-25	2018-06-12
	126. TAIWAN SEMICONDUCTOR MFG CO LTD ADR [NQID]		2013-06-21	2018-06-12
	12. TEMENOS AG ADR		2018-05-31	2018-06-12
	30. UNILEVER PLC ADR [QDI]		2015-06-24	2018-06-12
	15. WPP PLC NEW ADR [QDI]		2011-10-27	2018-06-12
	23. WEIBO CORP SPONSORED ADR		2017-12-04	2018-06-12
	24. CHECK POINT SOFTWARE TECH LT ORD		2017-02-03	2018-06-12
	108. AIA GROUP LTD SPONSORED ADR [NQDI]		2014-10-15	2018-06-18
	45. AIA GROUP LTD SPONSORED ADR [NQDI]		2013-06-13	2018-06-18
	188. AIR LIQUIDE ADR [QDI]		2017-09-26	2018-06-18
	65. ALFA LAVAL AB SWEDEN ADR [QDI]		2016-02-11	2018-06-18
	92. ALLIANZ AKTIENGESELLSCHAFT SPONSORED ADR REPSTG 1/10 SH [QDI]		2017-12-19	2018-06-18
	15. ALLIANZ AKTIENGESELLSCHAFT SPONSORED ADR REPSTG 1/10 SH [QDI]		2016-11-15	2018-06-18
	72. ALLIANZ AKTIENGESELLSCHAFT SPONSORED ADR REPSTG 1/10 SH [QDI]		2016-11-16	2018-06-18
	15. ALPHABET INC CAP STK CL C		2010-05-06	2018-06-18
	65. ASPEN PHARMACARE HLDGS LTD ADR [QDI]		2018-02-27	2018-06-18
	44. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM [QDI]		2011-07-22	2018-06-18
	54. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-06-18
	16. BAIDU INC ADR		2015-02-18	2018-06-18
	3. BAIDU INC ADR		2015-05-26	2018-06-18
	180. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-02-22	2018-06-18
	219. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-02-21	2018-06-18
	70. BAYER A G SPONSORED ADR [QDI]		2017-12-19	2018-06-18
	98. BAYER A G SPONSORED ADR [QDI]		2016-09-07	2018-06-18
	45. BAYERISCHE MOTOREN WERKE A G SPONSORED ADR [QDI]		2013-07-26	2018-06-18
	65. BIOGEN INC		2017-07-11	2018-06-18
	26. CSL LTD SPONSORED ADR [QDI]		2011-10-27	2018-06-18
	35. CANADIAN NATL RAILWAY CO COM [QDI]		2013-06-13	2018-06-18
	12. DBS GROUP HLDGS LTD ADR [NQDI]		2013-06-13	2018-06-18
	26. DBS GROUP HLDGS LTD ADR [NQDI]		2011-07-22	2018-06-18
	25. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-09	2018-06-18
	29. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-12-07	2018-06-18
	167. FANUC CORPORATION ADR [QDI]		2016-04-13	2018-06-18
	75. FEDEX CORP		2016-03-11	2018-06-18
	54. FRESENIUS MED CARE AG SPONSORED ADR [QDI]		2016-07-20	2018-06-18
	112. FUCHS PETROLUB SE ADR [QDI]		2014-03-20	2018-06-18
	3391.573 GOLDMAN SACHS ABS RETURN TRACKER		2018-04-12	2018-06-18
	56. GRIFOLS S A ADR [QDI]		2015-11-16	2018-06-18
	49. GRUPO FINANCIERO BANORTE S A B DE C V [QDI]		2017-02-06	2018-06-18
	13. HDFC BANK LTD ADR [QDI]		2017-06-30	2018-06-18
	33. HSBC HLDGS PLC ADR [QDI]		2016-12-13	2018-06-18
	148. ICICI BK LTD ADR [QDI]		2016-12-14	2018-06-18
	75. INFINEON TECHNOLOGIES-ADR [QDI]		2017-11-20	2018-06-18
	310. ISHARES TR RUSSELL MIDCAP INDEX FD ETF [RIC]		2016-09-15	2018-06-18
	156. ITAU UNIBANCO HOLDINGS SA [NQDI]		2012-07-31	2018-06-18
	38. JGC CORP ADR [QDI]		2012-12-06	2018-06-18
	16. JGC CORP ADR [QDI]		2012-12-07	2018-06-18
	15. KUBOTA CORP [QDI]		2016-05-25	2018-06-18
	61. L OREAL CO ADR [QDI]		2011-07-22	2018-06-18
	16. LVMH MOET HENNESSY LOU-ADR [QDI]		2011-07-22	2018-06-18
	16. LVMH MOET HENNESSY LOU-ADR [QDI]		2011-10-27	2018-06-18
	2837.489 LITMAN GREGORY MASTERS ALT STRATEGIES INSTL		2018-04-12	2018-06-18
	78. LONZA GROUP AG ADR [QDI]		2018-05-18	2018-06-18
	260. MARATHON PETROLEUM CORP		2015-07-21	2018-06-18
	50. MONOTARO CO LTD ADR [QDI]		2013-11-19	2018-06-18
	64. NASPERS LTD SPONSORED ADR [QDI]		2015-07-08	2018-06-18
	50. NESTLE S A SPONSORED A D R [QDI]		2013-06-13	2018-06-18
	23. NOVOZYMES A/S ADR		2018-03-27	2018-06-18
	851.947 OPPENHEIMER DEVELOPING MARKETS CLASS I		2016-05-12	2018-06-18
	44. PARK24 CO LTD SPONSORED ADR [QDI]		2016-02-04	2018-06-18
	26. ROCHE HLDG LTD SPONSORED ADR [QDI]		2015-10-01	2018-06-18
	86. ROCHE HLDG LTD SPONSORED ADR [QDI]		2016-09-07	2018-06-18
	59. ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS [QDI]		2016-03-10	2018-06-18
	410. SPDR GOLD TRUST [WHFIT]		2017-11-14	2018-06-18
	34. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2012-05-04	2018-06-18
	3. SASOL LTD SPONSORED ADR [QDI]		2011-07-22	2018-06-18
	30. SASOL LTD SPONSORED ADR [QDI]		2011-10-27	2018-06-18
	30. SCHLUMBERGER LTD COM [QDI]		2015-11-03	2018-06-18
	38. SONOVA HLDG AG ADR [QDI]		2013-06-13	2018-06-18
	3. SONOVA HLDG AG ADR [QDI]		2011-11-10	2018-06-18
	114. SYMRISE AG ADR [QDI]		2014-06-06	2018-06-18
	64. SYSMEX CORP ADR [QDI]		2012-05-25	2018-06-18
	12. TAIWAN SEMICONDUCTOR MFG CO LTD ADR [NQID]		2013-06-21	2018-06-18
	106. TAIWAN SEMICONDUCTOR MFG CO LTD ADR [NQID]		2012-12-06	2018-06-18
	10. TEMENOS AG ADR		2018-05-31	2018-06-18
	1. TEMENOS AG ADR		2018-05-31	2018-06-18
	45. TENARIS SA ADR [NQDI]		2016-05-26	2018-06-18
	38. UNILEVER PLC ADR [QDI]		2015-06-24	2018-06-18
	375. VANGUARD GROWTH ETF		2018-01-09	2018-06-18
	1. WPP PLC NEW ADR [QDI]		2011-10-27	2018-06-18
	14. WPP PLC NEW ADR [QDI]		2011-08-31	2018-06-18
	22. WEIBO CORP SPONSORED ADR		2017-12-04	2018-06-18
	30. CHECK POINT SOFTWARE TECH LT ORD		2017-02-03	2018-06-18
	35000. CHEVRON CORP 06/24/13 1.718 06/24/18		2016-03-02	2018-06-24
	20. BIOTELEMETRY INC		2017-03-09	2018-06-25
	191. CALLON PETE CO DEL COM		2016-12-20	2018-06-25
	57. CALLON PETE CO DEL COM		2018-05-29	2018-06-25
	64. CALLON PETE CO DEL COM		2017-03-09	2018-06-25
	99. CALLON PETE CO DEL COM		2017-06-30	2018-06-25
	7. COHERENT INC COM		2018-02-21	2018-06-25
	8. COHERENT INC COM		2018-05-29	2018-06-25
	17. COHERENT INC COM		2016-08-15	2018-06-25
	35. KULICKE & SOFFA INDS INC COM		2018-05-29	2018-06-25
	193. KULICKE & SOFFA INDS INC COM		2017-05-25	2018-06-25
	18. KULICKE & SOFFA INDS INC COM		2017-06-30	2018-06-25
	12. LCI INDS COM		2016-08-16	2018-06-25
	27. LCI INDS COM		2016-08-15	2018-06-25
	14. LCI INDS COM		2018-05-29	2018-06-25
	7. LCI INDS COM		2017-05-25	2018-06-25
	6. LIGAND PHARMACEUTICALS INC		2014-09-30	2018-06-25
	6. MASIMO CORP		2018-03-20	2018-06-25
	5. MASIMO CORP		2017-05-25	2018-06-25
	48. MASIMO CORP		2016-06-08	2018-06-25
	5. RPC ENERGY SVCS INC		2018-01-18	2018-06-25
	30. RPC ENERGY SVCS INC		2018-01-18	2018-06-25
	163. RPC ENERGY SVCS INC		2017-05-25	2018-06-25
	10. RPC ENERGY SVCS INC		2018-02-21	2018-06-25
	83. RPC ENERGY SVCS INC		2018-05-29	2018-06-25
	10. ROGERS CORP		2018-03-20	2018-06-25
	31. ROGERS CORP		2017-09-18	2018-06-25
	6. ROGERS CORP		2018-05-29	2018-06-25
	30. ACTIVISION BLIZZARD INC		2012-03-23	2018-06-26
	24. CSX CORP COM		2011-12-14	2018-06-26
	8. INTUIT COM		2011-07-22	2018-06-28
	15000. UNITED STATES TREAS NOTES 06/30/11 2.375 06/30/18		2017-10-06	2018-06-30
	26. CUBESMART		2018-06-05	2018-07-10
	70. CUBESMART		2016-07-15	2018-07-10
	13. EXTRA SPACE STORAGE INC		2017-08-31	2018-07-10
	9. LAMAR ADVERTISING CO NEW CL A		2018-06-05	2018-07-10
	82. LAMAR ADVERTISING CO NEW CL A		2016-10-24	2018-07-10
	2335. SPDR GOLD TRUST [WHFIT]		2017-11-14	2018-07-10
	17. AMERICAN TOWER CORP		2011-07-22	2018-07-13
	452. OUTFRONT MEDIA INC		2015-01-22	2018-07-13
	24. OUTFRONT MEDIA INC		2017-05-16	2018-07-13
	3. EPIROC AB SER 'A' NPV SEDOL BDZV116		2011-07-22	2018-07-18
	107. EPIROC AB SER 'A' NPV SEDOL BDZV116		2011-10-27	2018-07-18
	106. EPIROC AB SER 'A' NPV SEDOL BDZV116		2011-08-31	2018-07-18
	113. EPIROC AB SER 'A' NPV SEDOL BDZV116		2011-12-07	2018-07-18
	114. EPIROC AB SER 'A' NPV SEDOL BDZV116		2011-11-10	2018-07-18
	15. ANI PHARMACEUTICALS INC		2016-08-15	2018-07-24
	19. BOTTOMLINE TECHNOLOGIES DEL INC		2018-01-18	2018-07-24
	54. COLUMBIA SPORTSWEAR CO		2014-12-09	2018-07-24
	12. COLUMBIA SPORTSWEAR CO		2014-12-09	2018-07-24
	36. HMS HLDGS CORP		2017-09-18	2018-07-24
	8. LITHIA MOTORS INC		2018-03-20	2018-07-24
	41. LITHIA MOTORS INC		2017-03-31	2018-07-24
	27. MATADOR RES CO		2018-05-29	2018-07-24
	14. MATADOR RES CO		2017-09-18	2018-07-24
	239. STERLING BANCORP DEL		2017-05-25	2018-07-24
	15000. UNITED STATES TREAS NTS 07/31/11 2.250 07/31/18		2017-10-06	2018-07-31
	18. ACTIVISION BLIZZARD INC		2012-03-23	2018-08-07
	10. AMERICAN TOWER CORP		2011-07-22	2018-08-07
	422. CUMMINS ENGINE INC COM		2015-04-15	2018-08-14
	11. CUMMINS ENGINE INC COM		2016-09-28	2018-08-14
	242. NIKE INC CL B COM		2015-04-15	2018-08-14
	135. SYNCHRONY FINL		2016-04-07	2018-08-14
	153. AIA GROUP LTD SPONSORED ADR [NQDI]		2013-06-13	2018-08-15
	188. AIR LIQUIDE ADR [QDI]		2017-09-26	2018-08-15
	66. ALFA LAVAL AB SWEDEN ADR [QDI]		2016-02-11	2018-08-15
	179. ALLIANZ AKTIENGESELLSCHAFT SPONSORED ADR REPSTG 1/10 SH [QDI]		2016-11-16	2018-08-15
	56. AMGEN INC COM		2016-09-28	2018-08-15
	66. ASPEN PHARMACARE HLDGS LTD ADR [QDI]		2018-02-27	2018-08-15
	3. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM [QDI]		2011-07-22	2018-08-15
	41. ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM [QDI]		2011-10-27	2018-08-15
	80. AUTOMATIC DATA PROCESSING INC COM		2018-08-14	2018-08-15
	33. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-08-15
	20. BAIDU INC ADR		2015-05-26	2018-08-15
	320. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-02-21	2018-08-15
	63. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-06-10	2018-08-15
	18. BANCO BILBAO VIZCAYA ARGENTARIA ADR [QDI]		2013-06-13	2018-08-15
	170. BAYER A G SPONSORED ADR [QDI]		2016-09-07	2018-08-15
	18. BAYERISCHE MOTOREN WERKE A G SPONSORED ADR [QDI]		2013-07-26	2018-08-15
	27. BAYERISCHE MOTOREN WERKE A G SPONSORED ADR [QDI]		2013-07-25	2018-08-15
	25. CSL LTD SPONSORED ADR [QDI]		2011-10-27	2018-08-15
	133. CANADIAN NATL RAILWAY CO COM [QDI]		2015-04-15	2018-08-15
	5. CANADIAN NATL RAILWAY CO COM [QDI]		2013-06-13	2018-08-15
	30. CANADIAN NATL RAILWAY CO COM [QDI]		2011-10-27	2018-08-15
	38. DBS GROUP HLDGS LTD ADR [NQDI]		2011-07-22	2018-08-15
	24. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-09	2018-08-15
	3. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-12-07	2018-08-15
	27. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-08-31	2018-08-15
	665. DELTA AIR LINES INC		2017-11-14	2018-08-15
	55. FACTSET RESH SYS INC		2015-04-15	2018-08-15
	18. FANUC CORPORATION ADR [QDI]		2016-04-13	2018-08-15
	151. FANUC CORPORATION ADR [QDI]		2011-08-31	2018-08-15
	47. FEDEX CORP		2017-08-03	2018-08-15
	14498.758 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES		2017-02-08	2018-08-15
	54. FRESENIUS MED CARE AG SPONSORED ADR [QDI]		2016-07-20	2018-08-15
	112. FUCHS PETROLUB SE ADR [QDI]		2014-03-20	2018-08-15
	56. GRIFOLS S A ADR [QDI]		2015-11-16	2018-08-15
	49. GRUPO FINANCIERO BANORTE S A B DE C V [QDI]		2017-02-06	2018-08-15
	13. HDFC BANK LTD ADR [QDI]		2017-06-30	2018-08-15
	21. HSBC HLDGS PLC ADR [QDI]		2016-12-13	2018-08-15
	11. HSBC HLDGS PLC ADR [QDI]		2016-12-13	2018-08-15
	238. HORMEL FOODS CORP		2015-04-15	2018-08-15
	12869.454 HOTCHKIS & WILEY HIGH YIELD I		2015-01-22	2018-08-15
	150. ICICI BK LTD ADR [QDI]		2016-12-14	2018-08-15
	76. INFINEON TECHNOLOGIES-ADR [QDI]		2017-11-20	2018-08-15
	17. ITAU UNIBANCO HOLDINGS SA [NQDI]		2012-07-31	2018-08-15
	140. ITAU UNIBANCO HOLDINGS SA [NQDI]		2012-12-13	2018-08-15
	36. JGC CORP ADR [QDI]		2012-12-07	2018-08-15
	552. KEY CORP NEW		2018-01-29	2018-08-15
	14. KUBOTA CORP [QDI]		2016-05-25	2018-08-15
	41. L OREAL CO ADR [QDI]		2011-07-22	2018-08-15
	21. L OREAL CO ADR [QDI]		2011-10-27	2018-08-15
	31. LVMH MOET HENNESSY LOU-ADR [QDI]		2011-10-27	2018-08-15
	73. ESTEE LAUDER COS INC CL A		2015-08-11	2018-08-15
	78. LONZA GROUP AG ADR [QDI]		2018-05-18	2018-08-15
	121. LOWES COS INC COM		2018-02-09	2018-08-15
	81. MASTERCARD INC		2015-06-11	2018-08-15
	41. MONOTARO CO LTD ADR [QDI]		2013-11-19	2018-08-15
	64. NASPERS LTD SPONSORED ADR [QDI]		2015-07-08	2018-08-15
	4. NESTLE S A SPONSORED A D R [QDI]		2013-06-13	2018-08-15
	47. NESTLE S A SPONSORED A D R [QDI]		2011-07-22	2018-08-15
	151. NIKE INC CL B COM		2015-04-15	2018-08-15
	23. NOVOZYMES A/S ADR		2018-03-27	2018-08-15
	13. PARK24 CO LTD SPONSORED ADR [QDI]		2016-02-04	2018-08-15
	31. PARK24 CO LTD SPONSORED ADR [QDI]		2016-02-05	2018-08-15
	61. ROCHE HLDG LTD SPONSORED ADR [QDI]		2016-09-07	2018-08-15
	51. ROCHE HLDG LTD SPONSORED ADR [QDI]		2013-06-13	2018-08-15
	60. ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS [QDI]		2016-03-10	2018-08-15
	12. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2012-05-04	2018-08-15
	21. SAP AKTIENGESELLSCHAFT SPONSORED ADR [QDI]		2011-07-22	2018-08-15
	3. SASOL LTD SPONSORED ADR [QDI]		2011-10-27	2018-08-15
	30. SASOL LTD SPONSORED ADR [QDI]		2011-12-07	2018-08-15
	27. SCHLUMBERGER LTD COM [QDI]		2015-11-03	2018-08-15
	3. SCHLUMBERGER LTD COM [QDI]		2011-08-31	2018-08-15
	29. SHERWIN WILLIAMS CO COM		2016-02-26	2018-08-15
	42. SONOVA HLDG AG ADR [QDI]		2011-11-10	2018-08-15
	167. STARBUCKS CORP		2017-03-10	2018-08-15
	79. SYMRISE AG ADR [QDI]		2014-06-06	2018-08-15
	64. SYSMEX CORP ADR [QDI]		2012-05-25	2018-08-15
	131. TJX COS INC NEW COM		2015-04-15	2018-08-15
	119. TAIWAN SEMICONDUCTOR MFG CO LTD ADR [NQID]		2012-12-06	2018-08-15
	10. TEMENOS AG ADR		2018-05-31	2018-08-15
	1. TEMENOS AG ADR		2018-05-31	2018-08-15
	23. TENARIS SA ADR [NQDI]		2016-05-26	2018-08-15
	3. TENARIS SA ADR [NQDI]		2016-05-25	2018-08-15
	106. TEXAS INSTRS INC COM		2018-02-16	2018-08-15
	71. TORO CO COM		2016-05-18	2018-08-15
	58. TORO CO COM		2016-05-12	2018-08-15
	38. UNILEVER PLC ADR [QDI]		2015-06-24	2018-08-15
	33. UNITEDHEALTH GROUP INC		2015-04-15	2018-08-15
	20. UNITEDHEALTH GROUP INC		2013-07-26	2018-08-15
	15. WPP PLC NEW ADR [QDI]		2011-08-31	2018-08-15
	21. WEIBO CORP SPONSORED ADR		2017-12-04	2018-08-15
	143. ZOETIS INC		2018-04-04	2018-08-15
	76. ACCENTURE PLC CLASS A [QDI]		2015-04-15	2018-08-15
	106. MEDTRONIC PLC SEDOL BTN1Y11 [QDI]		2015-04-15	2018-08-15
	30. CHECK POINT SOFTWARE TECH LT ORD		2017-02-03	2018-08-15
	9. ADVANCED ENERGY INDS INC		2018-03-20	2018-08-31
	8. ADVANCED ENERGY INDS INC		2017-06-29	2018-08-31
	63. ADVANCED ENERGY INDS INC		2016-12-20	2018-08-31
	40. ALARM COM HLDGS INC		2018-03-21	2018-08-31
	16. BIOTELEMETRY INC		2017-03-09	2018-08-31
	47. BOOT BARN HLDGS INC		2018-05-29	2018-08-31
	19. COMFORT SYS USA INC COM		2015-12-08	2018-08-31
	24. EMERGENT BIOSOLUTIONS INC		2018-03-21	2018-08-31
	47. FIVE9 INC		2018-05-29	2018-08-31
	47. HMS HLDGS CORP		2017-09-18	2018-08-31
	4. LIGAND PHARMACEUTICALS INC		2014-09-30	2018-08-31
	48. SUPERNUS PHARMACEUTICALS INC		2016-03-29	2018-08-31
	27. SUPERNUS PHARMACEUTICALS INC		2016-03-29	2018-08-31
	27. SUPERNUS PHARMACEUTICALS INC		2016-03-29	2018-08-31
	20. TABULA RASA HEALTHCARE INC		2018-06-25	2018-08-31
	7. TETRA TECH INC NEW		2018-03-20	2018-08-31
	16. TETRA TECH INC NEW		2017-05-25	2018-08-31
	18. THE TRADE DESK INC COM CL A		2018-06-25	2018-08-31
	12. TOPBUILD CORP COM		2018-06-25	2018-08-31
	63. TOPBUILD CORP COM		2017-05-25	2018-08-31
	15000. US TREASURY NT 08/31/16 0.750 08/31/18		2018-03-13	2018-08-31
	37. UNIVERSAL INSURANCE HOLDINGS		2018-01-18	2018-08-31
	211. WABASH NATL CORP		2018-02-21	2018-08-31
	31. WABASH NATL CORP		2018-03-20	2018-08-31
	368. INVESTORS REAL ESTATE TRUST		2016-10-26	2018-09-12
	35. INVESTORS REAL ESTATE TRUST		2016-10-26	2018-09-12
	241. INVESTORS REAL ESTATE TRUST		2016-10-26	2018-09-13
	90. INVESTORS REAL ESTATE TRUST		2016-10-24	2018-09-13
	281. INVESTORS REAL ESTATE TRUST		2016-10-24	2018-09-14
	296. INVESTORS REAL ESTATE TRUST		2016-10-25	2018-09-14
	109. INVESTORS REAL ESTATE TRUST		2017-05-16	2018-09-14
	61. SYSMEX CORP ADR [QDI]		2012-05-25	2018-09-19
	86. SYSMEX CORP ADR [QDI]		2012-05-25	2018-09-20
	167. EDUCATION RLTY TR INC		2015-01-22	2018-09-21
	20000. US TREASURY NOTE 09/30/16 0.750 09/30/18		2018-03-13	2018-09-30
	.5 GARRETT MOTION INC COM		2011-11-23	2018-10-10
	98. GRAMERCY PROPERTY TRUST INC COM (POST REV SPLIT)		2017-08-28	2018-10-11
	53.728 GRAMERCY PROPERTY TRUST INC COM (POST REV SPLIT)		2014-10-14	2018-10-11
	139.819 GRAMERCY PROPERTY TRUST INC COM (POST REV SPLIT)		2014-10-14	2018-10-11
	57.15 GRAMERCY PROPERTY TRUST INC COM (POST REV SPLIT)		2014-10-14	2018-10-11
	114.301 GRAMERCY PROPERTY TRUST INC COM (POST REV SPLIT)		2014-10-14	2018-10-11
	27. BOTTOMLINE TECHNOLOGIES DEL INC		2018-01-18	2018-10-12
	25. CHEFS WHSE HLDGS LLC		2018-08-31	2018-10-12
	1. CHEFS WHSE HLDGS LLC		2018-03-21	2018-10-12
	35. MARCUS CORP DEL COM		2017-05-26	2018-10-12
	20. MERIT MED SYS INC COM		2018-01-18	2018-10-12
	51. PREFERRED APT CMNTYS INC COMMON [REIT]		2017-09-18	2018-10-12
	44. PROPETRO HLDG CORP		2018-06-25	2018-10-12
	60. QUANTENNA COMMUNICATIONS INC		2018-06-25	2018-10-12
	17. REALPAGE INC		2017-12-08	2018-10-12
	18. UNIVERSAL INSURANCE HOLDINGS		2018-01-18	2018-10-12
	25. UPLAND SOFTWARE INC		2018-05-29	2018-10-12
	25000. ABBOTT LABORATORIES 05/27/10 4.125 05/27/20		2011-11-29	2018-10-29
	15000. UNITED STATES TREAS NOTE 10/31/11 1.750 10/31/18		2018-04-11	2018-10-31
	414. SRC ENERGY INC COM		2018-06-25	2018-11-02
	73. SRC ENERGY INC COM		2018-10-12	2018-11-02
	.833 RESIDEO TECHNOLOGIES INC		2011-11-23	2018-11-09
	52. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-09	2018-11-12
	77. DASSAULT SYS S A SPONSORED ADR [QDI]		2011-08-31	2018-11-12
	11. WPP PLC NEW ADR [QDI]		2011-08-31	2018-11-12
	63. WPP PLC NEW ADR [QDI]		2011-12-07	2018-11-12
	63. WPP PLC NEW ADR [QDI]		2011-11-10	2018-11-12
	90. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-09	2018-11-13
	80. DAITO TR CONSTR CO LTD SPONSORED ADR [QDI]		2018-01-10	2018-11-13
	12345.679 ENTRUST GLOBAL- ALTERNATIVE CORE FUND CLASS I		2017-02-08	2018-11-13
	35000. ASTRAZENECA PLC SR NT 11/16/15 1.750 11/16/18		2018-04-30	2018-11-16
	15000. UNITED STATES TREAS NTS 11/30/11 1.375 11/30/18		2018-04-11	2018-11-30
	100. SCHLUMBERGER LTD COM [QDI]		2016-02-17	2018-12-06
	350. SCHLUMBERGER LTD COM [QDI]		2009-08-07	2018-12-06
	290. AIR LIQUIDE ADR [QDI]		2017-09-26	2018-12-12
	284. AIR LIQUIDE ADR [QDI]		2011-10-27	2018-12-12
	93. AIR LIQUIDE ADR [QDI]		2011-08-31	2018-12-12
	95. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-12-12
	19. CSL LTD SPONSORED ADR [QDI]		2011-10-27	2018-12-12
	110. CSL LTD SPONSORED ADR [QDI]		2011-11-10	2018-12-12
	32. CSL LTD SPONSORED ADR [QDI]		2011-08-31	2018-12-12
	7. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-12-13
	55. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-12-13
	7. CSL LTD SPONSORED ADR [QDI]		2011-08-31	2018-12-13
	140. BBA AVIATION PLC ADR [QDI]		2016-06-30	2018-12-14
	65. CSL LTD SPONSORED ADR [QDI]		2011-08-31	2018-12-14
	21. ANI PHARMACEUTICALS INC		2016-08-15	2018-12-17
	36. BERKSHIRE HILLS BANCORP INC		2017-10-02	2018-12-17
	120. BERKSHIRE HILLS BANCORP INC		2017-10-03	2018-12-17
	32. BIOTELEMETRY INC		2017-03-09	2018-12-17
	139. CORCEPT THERAPEUTICS INC OC-COM		2018-01-18	2018-12-17
	18. EMERGENT BIOSOLUTIONS INC		2018-03-21	2018-12-17
	46. HMS HLDGS CORP		2017-09-18	2018-12-17
	5. MKS INSTRS INC		2018-05-29	2018-12-17
	11. MKS INSTRS INC		2018-08-31	2018-12-17
	44. MKS INSTRS INC		2016-08-15	2018-12-17
	27. MASTEC INC		2017-09-19	2018-12-17
	3. PATRICK INDS INC COM		2018-03-20	2018-12-17
	14. PATRICK INDS INC COM		2018-10-12	2018-12-17
	9.5 PATRICK INDS INC COM		2016-03-18	2018-12-17
	38. PATRICK INDS INC COM		2016-03-18	2018-12-17
	31.5 PATRICK INDS INC COM		2016-03-17	2018-12-17
	249. VONAGE HLDGS CORP		2018-10-12	2018-12-17
	183. VONAGE HLDGS CORP		2018-01-18	2018-12-17
	58. HORIZON PHARMA		2018-08-31	2018-12-17
	23. MELLANOX TECHNOLOGIES LTD		2018-08-31	2018-12-17
	. SPDR GOLD TRUST [WHFIT]		2017-11-14	2018-12-31
	15000. UNITED STATES TREAS NTS 12/31/11 1.375 12/31/18		2017-03-30	2018-12-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,655	1,442	4,213
b	1,786	1,655	131
c	1,403	1,267	136
d	2,424	1,254	1,170
e	519	586	-67
	4,034	4,270	-236
	4,938	7,178	-2,240
	563	775	-212
	6,515	10,293	-3,778
	563	684	-121
	883	967	-84
	2,585	2,827	-242
	883	539	344
	1,955	1,161	794
	770	743	27
	3,262	2,882	380
	3,425	2,433	992
	236	166	70
	4,074	2,797	1,277
	2,503	1,353	1,150
	2,938	2,756	182
	139	136	3
	519,327	277,168	242,159
	2,542	4,089	-1,547
	55	89	-34
	2,888	4,667	-1,779
	5,338	8,509	-3,171
	827	704	123
	626	462	164
	972	326	646
	740	644	96
	257	242	15
	85	109	-24
	57	71	-14
	2,495	3,128	-633
	369	460	-91
	142	176	-34
	596	732	-136
	2,024	2,908	-884
	1,327	1,906	-579
	355	466	-111
	1,515	1,575	-60
	1,403	1,021	382
	4,315	4,726	-411
	784	789	-5
	718	587	131
	4,000	3,100	900
	1,758	1,106	652
	3,881	3,828	53
	1,353	1,309	44
	1,864	1,729	135
	71,609	54,391	17,218
	1,682	1,237	445
	7,722	8,971	-1,249
	982	1,007	-25
	3,319	3,042	277
	20,000	19,988	12
	204	44	160
	204	43	161
	312	96	216
	43,080	61,889	-18,809
	14,811	17,603	-2,792
	11,960	7,110	4,850
	43,959	35,503	8,456
		1	-1
	8	10	-2
	63,809	68,082	-4,273
	1,503	1,265	238
	18,922	9,713	9,209
	1,124	921	203
	310	357	-47
	355	408	-53
	931	1,038	-107
	2,261	2,497	-236
	931	1,014	-83
	1,487	611	876
	1,470	730	740
	1,067	949	118
	4,719	4,915	-196
	679	676	3
	1,798	880	918
	5,644	4,214	1,430
	314	207	107
	6,577	3,245	3,332
	20,000	20,140	-140
	25,000	24,538	462
	10,000	9,788	212
	681	130	551
	508	144	364
	1,178	1,169	9
	4,314	2,629	1,685
	1,318	781	537
	551	485	66
	593	509	84
	651	630	21
	696	400	296
	630	493	137
	260	352	-92
	502	306	196
	502	141	361
	1,071	1,182	-111
	560	307	253
	598	734	-136
	721	489	232
	318	286	32
	1,369	897	472
	654	597	57
	661	399	262
	1,475	1,741	-266
	1,654	1,910	-256
	894	968	-74
	760	779	-19
	536	467	69
	2,306	2,325	-19
	1,160	1,163	-3
	135	190	-55
	1,275	1,519	-244
	2,512	2,961	-449
	3,033	4,740	-1,707
	674	932	-258
	1,247	1,292	-45
	969	931	38
	5,640	3,740	1,900
	4,073	5,236	-1,163
	628	719	-91
	10,000	11,286	-1,286
	25,000	28,003	-3,003
	28,012	16,891	11,121
	13,281	7,394	5,887
	13,723	9,539	4,184
	6,787	3,511	3,276
	13,790	8,770	5,020
	10,084	10,446	-362
	10,239	10,865	-626
	1,592	1,529	63
	2,855	2,735	120
	11,281	10,703	578
	2,200	1,975	225
	9,725	9,891	-166
	10,210	10,299	-89
	10,347	11,034	-687
	12,902	17,726	-4,824
	1,713	2,208	-495
	9,044	7,006	2,038
	9,868	10,071	-203
	14,190	8,161	6,029
	3,258	1,829	1,429
	533	569	-36
	11,604	9,050	2,554
	6,236	10,082	-3,846
	1,309	1,869	-560
	949	991	-42
	2,623	1,727	896
	14,020	3,669	10,351
	605	438	167
	495	139	356
	8,063	2,219	5,844
	2,188	488	1,700
	26,806	21,031	5,775
	2,219	1,276	943
	1,883	1,067	816
	877	416	461
	4,696	5,027	-331
	34,721	34,761	-40
	35,508	37,890	-2,382
	34,650	34,378	272
	34,270	34,708	-438
	10,512	10,910	-398
	4,131	6,087	-1,956
	8,874	13,037	-4,163
	765	1,121	-356
	887	1,102	-215
	1,216	1,048	168
	1,906	1,369	537
	1,479	1,062	417
	10,814	7,735	3,079
	756	529	227
	13,809	12,261	1,548
	9,881	9,884	-3
	14,521	12,719	1,802
	11,928	13,046	-1,118
	511	520	-9
	730	739	-9
	1,435	1,296	139
	2,116	1,806	310
	15,346	11,058	4,288
	1,775	1,154	621
	2,189	1,273	916
	9,904	9,891	13
	4,961	6,752	-1,791
	1,752	2,322	-570
	1,414	1,805	-391
	1,393	1,770	-377
	1,351	1,636	-285
	211	254	-43
	1,077	1,552	-475
	1,615	2,161	-546
	7,316	8,993	-1,677
	10,021	9,879	142
	9,724	9,731	-7
	60,001	80,311	-20,310
	117,217	152,406	-35,189
	9,358	10,259	-901
	1,178	1,001	177
	14,310	11,077	3,233
	1,378	1,372	6
	2,296	1,556	740
	35,900	41,742	-5,842
	1,414	2,846	-1,432
	1,950	3,593	-1,643
	1,617	2,667	-1,050
	1,610	2,544	-934
	1,714	2,679	-965
	1,716	2,563	-847
	15,000	15,114	-114
	24,861	26,115	-1,254
	24,430	25,177	-747
	14,699	14,628	71
	10,088	10,674	-586
	5,044	5,212	-168
	41,256	12,794	28,462
	9,889	10,333	-444
	19,409	20,243	-834
	14,154	14,859	-705
	19,288	19,222	66
	9,650	11,162	-1,512
	136,641	147,152	-10,511
	142,431	149,074	-6,643
	25,089	25,264	-175
	3,509	1,151	2,358
	11,697	3,708	7,989
	9,190	10,212	-1,022
	5,616	5,789	-173
	6,127	6,296	-169
	7,658	7,550	108
	35,000	34,001	999
	532	621	-89
	3,383	2,723	660
	362	288	74
	298	230	68
	3,862	4,677	-815
	657	752	-95
	249	169	80
	373	252	121
	332	208	124
	1,427	1,095	332
	1,341	774	567
	904	821	83
	642	745	-103
	562	608	-46
	241	222	19
	161	147	14
	3,614	3,278	336
	833	746	87
	815	795	20
	5,368	4,170	1,198
	689	610	79
	1,071	931	140
	3,896	5,121	-1,225
	1,161	1,290	-129
	667	490	177
	500	140	360
	1,115	535	580
	704	687	17
	869	749	120
	22	18	4
	1,419	1,435	-16
	690	671	19
	3,681	3,484	197
	1,854	1,089	765
	3,636	2,136	1,500
	5,091	4,859	232
	1,043	647	396
	4,055	4,554	-499
	1,628	1,930	-302
	1,533	884	649
	5,065	3,944	1,121
	2,319	3,336	-1,017
	474	659	-185
	5,428	5,772	-344
	1,134	1,115	19
	1,153	259	894
	1,246	961	285
	1,329	781	548
	52,561	40,591	11,970
	2,878	1,746	1,132
	1,065	1,304	-239
	4,453	1,318	3,135
	38,388	12,996	25,392
	866	716	150
	1,752	1,442	310
	2,139	1,880	259
	816	765	51
	984	700	284
	965	878	87
	1,150	959	191
	1,133	970	163
	1,048	870	178
	2,317	2,307	10
	28,832	22,160	6,672
	1,180	1,194	-14
	864	744	120
	3,052	1,537	1,515
	2,083	1,097	986
	2,269	2,234	35
	3,519	1,925	1,594
	1,434	1,354	80
	2,490	2,206	284
	1,225	1,248	-23
	142,252	97,580	44,672
	82,748	56,259	26,489
	885	917	-32
	2,993	3,722	-729
	4,569	2,986	1,583
	1,562	896	666
	2,643	1,383	1,260
	1,372	1,942	-570
	755	1,005	-250
	824	989	-165
	1,168	744	424
	2,593	542	2,051
	4,937	2,175	2,762
	1,801	1,815	-14
	1,674	1,345	329
	1,252	820	432
	2,426	2,347	79
	2,411	2,388	23
	3,816	2,307	1,509
	1,590	771	819
	4,781	4,614	167
	1,612	1,026	586
	1,892	2,182	-290
	309	247	62
	1,481	1,173	308
	17,480	3,813	13,667
	1,233	1,530	-297
	1,766	1,080	686
	1,200	816	384
	4,268	3,321	947
	800	603	197
	1,222	1,798	-576
	1,487	2,165	-678
	2,180	2,232	-52
	3,053	2,669	384
	1,471	1,475	-4
	18,666	17,711	955
	1,807	420	1,387
	2,891	1,708	1,183
	959	616	343
	2,078	1,304	774
	1,021	1,253	-232
	4,226	1,195	3,031
	3,337	2,834	503
	19,762	10,763	8,999
	2,707	2,417	290
	1,422	1,404	18
	33,000	32,593	407
	1,273	981	292
	1,278	1,229	49
	1,331	1,133	198
	1,595	1,391	204
	1,257	1,047	210
	2,158	2,162	-4
	67,255	52,905	14,350
	1,560	1,694	-134
	1,445	2,577	-1,132
	608	1,084	-476
	1,196	1,116	80
	2,946	1,488	1,458
	1,100	585	515
	1,100	556	544
	33,000	33,085	-85
	2,104	2,100	4
	19,453	14,853	4,600
	2,175	581	1,594
	3,114	1,760	1,354
	3,690	3,342	348
	1,162	1,196	-34
	37,000	25,712	11,288
	1,179	1,223	-44
	685	856	-171
	2,264	2,694	-430
	4,210	2,797	1,413
	49,671	49,826	-155
	4,056	2,137	1,919
	107	157	-50
	1,072	1,481	-409
	2,008	2,471	-463
	1,312	857	455
	104	62	42
	2,487	1,547	940
	2,980	631	2,349
	455	207	248
	4,019	1,805	2,214
	1,505	1,525	-20
	151	150	1
	1,575	1,205	370
	2,035	1,704	331
	57,708	54,638	3,070
	79	55	24
	1,112	736	376
	2,328	2,245	83
	3,007	2,986	21
	35,000	34,996	4
	900	520	380
	1,991	3,038	-1,047
	594	674	-80
	667	722	-55
	1,032	1,037	-5
	1,058	1,510	-452
	1,210	1,493	-283
	2,570	1,847	723
	835	800	35
	4,604	4,285	319
	429	343	86
	1,101	1,170	-69
	2,477	2,607	-130
	1,285	1,249	36
	642	620	22
	1,163	282	881
	583	523	60
	486	435	51
	4,667	2,519	2,148
	69	122	-53
	413	715	-302
	2,244	3,210	-966
	138	193	-55
	1,143	1,408	-265
	1,093	1,368	-275
	3,389	3,956	-567
	656	706	-50
	2,259	382	1,877
	1,545	484	1,061
	1,631	383	1,248
	15,000	15,113	-113
	844	821	23
	2,271	2,139	132
	1,289	1,009	280
	625	632	-7
	5,699	5,270	429
	277,445	283,667	-6,222
	2,434	905	1,529
	9,526	12,326	-2,800
	506	549	-43
	29	18	11
	1,048	627	421
	1,038	602	436
	1,107	611	496
	1,116	569	547
	1,057	1,052	5
	1,066	693	373
	4,996	2,401	2,595
	1,110	529	581
	860	689	171
	758	816	-58
	3,882	3,538	344
	879	768	111
	456	346	110
	5,486	5,228	258
	15,000	15,109	-109
	1,260	229	1,031
	1,492	532	960
	58,818	57,922	896
	1,533	1,349	184
	19,542	12,102	7,440
	4,035	3,797	238
	5,131	2,622	2,509
	4,448	4,614	-166
	1,668	1,042	626
	3,714	2,916	798
	10,896	9,493	1,403
	1,153	1,554	-401
	79	55	24
	1,080	725	355
	11,225	11,301	-76
	646	499	147
	4,221	4,019	202
	1,924	3,163	-1,239
	379	580	-201
	108	162	-54
	3,857	4,630	-773
	550	590	-40
	825	883	-58
	1,908	404	1,504
	11,683	8,825	2,858
	439	244	195
	2,635	1,191	1,444
	2,733	1,906	827
	884	1,203	-319
	446	124	322
	4,010	1,105	2,905
	36,375	32,485	3,890
	11,801	8,778	3,023
	344	305	39
	2,886	2,526	360
	11,364	9,819	1,545
	175,000	169,201	5,799
	2,566	2,417	149
	1,537	1,404	133
	1,117	981	136
	1,613	1,229	384
	1,289	1,133	156
	946	885	61
	495	463	32
	8,927	6,892	2,035
	153,533	159,324	-5,791
	1,385	1,061	324
	1,813	2,191	-378
	190	185	5
	1,568	1,511	57
	1,329	2,438	-1,109
	11,737	12,089	-352
	1,033	1,041	-8
	1,876	1,000	876
	961	482	479
	2,033	1,078	955
	9,698	6,594	3,104
	2,427	2,100	327
	11,693	11,483	210
	16,248	7,679	8,569
	2,050	476	1,574
	2,687	1,760	927
	325	267	58
	3,823	2,979	844
	11,989	7,551	4,438
	1,160	1,196	-36
	359	361	-2
	857	847	10
	1,813	1,911	-98
	1,516	1,586	-70
	3,827	2,844	983
	1,347	754	593
	2,357	1,270	1,087
	106	148	-42
	1,057	1,451	-394
	1,686	2,224	-538
	187	236	-49
	12,682	7,904	4,778
	1,512	867	645
	8,781	9,201	-420
	1,733	1,072	661
	2,580	631	1,949
	13,034	8,802	4,232
	4,785	2,027	2,758
	1,652	1,506	146
	165	150	15
	742	616	126
	97	79	18
	11,557	11,129	428
	4,177	3,119	1,058
	3,412	2,543	869
	2,106	1,704	402
	8,598	3,862	4,736
	5,211	1,443	3,768
	1,182	789	393
	1,525	2,143	-618
	12,990	11,812	1,178
	12,210	7,167	5,043
	9,586	8,221	1,365
	3,391	2,986	405
	529	623	-94
	470	523	-53
	3,704	3,476	228
	2,234	1,591	643
	956	416	540
	1,376	1,141	235
	1,072	625	447
	1,478	1,298	180
	2,243	1,591	652
	1,497	899	598
	1,037	188	849
	2,098	744	1,354
	1,180	413	767
	1,180	406	774
	1,722	1,213	509
	486	359	127
	1,110	730	380
	2,536	1,603	933
	744	929	-185
	3,906	3,325	581
	15,000	14,923	77
	1,636	1,105	531
	3,823	5,152	-1,329
	562	667	-105
	2,080	2,230	-150
	198	212	-14
	1,340	1,460	-120
	500	543	-43
	1,551	1,695	-144
	1,633	1,784	-151
	602	615	-13
	2,678	602	2,076
	3,774	848	2,926
	6,931	6,061	870
	20,000	19,873	127
	8	3	5
	2,695	2,860	-165
	1,478	1,162	316
	3,845	3,025	820
	1,572	1,236	336
	3,143	2,460	683
	1,731	985	746
	776	729	47
	31	25	6
	1,475	1,182	293
	1,235	931	304
	853	897	-44
	771	671	100
	1,004	951	53
	955	769	186
	826	538	288
	799	868	-69
	25,453	27,164	-1,711
	15,000	14,984	16
	3,004	4,415	-1,411
	530	621	-91
	18	7	11
	1,737	2,607	-870
	9,429	3,150	6,279
	600	578	22
	3,435	3,302	133
	3,435	3,226	209
	2,981	4,512	-1,531
	2,649	3,883	-1,234
	160,000	172,441	-12,441
	35,000	34,902	98
	15,000	14,942	58
	4,263	7,301	-3,038
	14,920	18,875	-3,955
	7,015	7,117	-102
	6,869	5,774	1,095
	2,249	1,838	411
	1,299	1,436	-137
	1,248	307	941
	7,222	1,705	5,517
	2,101	487	1,614
	95	106	-11
	743	827	-84
	453	107	346
	1,842	2,104	-262
	4,188	989	3,199
	1,082	1,473	-391
	1,013	1,421	-408
	3,376	4,730	-1,354
	1,905	832	1,073
	2,125	3,260	-1,135
	1,113	973	140
	1,362	880	482
	327	569	-242
	719	1,014	-295
	2,874	2,067	807
	1,034	1,224	-190
	90	202	-112
	418	785	-367
	284	307	-23
	1,135	1,144	-9
	941	920	21
	2,297	3,322	-1,025
	1,688	1,995	-307
	1,155	1,219	-64
	2,038	1,904	134
	782	765	17
	15,000	15,035	-35
			18,211

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			4,213
b			131
c			136
d			1,170
e			-67
			-236
			-2,240
			-212
			-3,778
			-121
			-84
			-242
			344
			794
			27
			380
			992
			70
			1,277
			1,150
			182
			3
			242,159
			-1,547
			-34
			-1,779
			-3,171
			123
			164
			646
			96
			15
			-24
			-14
			-633
			-91
			-34
			-136
			-884
			-579
			-111
			-60
			382
			-411
			-5
			131
			900
			652
			53
			44
			135
			17,218
			445
			-1,249
			-25
			277
			12
			160
			161
			216
			-18,809
			-2,792
			4,850
			8,456
			-1
			-2
			-4,273
			238
			9,209
			203
			-47
			-53
			-107
			-236
			-83
			876
			740
			118
			-196
			3
			918
			1,430
			107
			3,332
			-140
			462
			212
			551
			364
			9
			1,685
			537
			66
			84
			21
			296
			137
			-92
			196
			361
			-111
			253
			-136
			232
			32
			472
			57
			262
			-266
			-256
			-74
			-19
			69
			-19
			-3
			-55
			-244
			-449
			-1,707
			-258
			-45
			38
			1,900
			-1,163
			-91
			-1,286
			-3,003
			11,121
			5,887
			4,184
			3,276
			5,020
			-362
			-626
			63
			120
			578
			225
			-166
			-89
			-687
			-4,824
			-495
			2,038
			-203
			6,029
			1,429
			-36
			2,554
			-3,846
			-560
			-42
			896
			10,351
			167
			356
			5,844
			1,700
			5,775
			943
			816
			461
			-331
			-40
			-2,382
			272
			-438
			-398
			-1,956
			-4,163
			-356
			-215
			168
			537
			417
			3,079
			227
			1,548
			-3
			1,802
			-1,118
			-9
			-9
			139
			310
			4,288
			621
			916
			13
			-1,791
			-570
			-391
			-377
			-285
			-43
			-475
			-546
			-1,677
			142
			-7
			-20,310
			-35,189
			-901
			177
			3,233
			6
			740
			-5,842
			-1,432
			-1,643
			-1,050
			-934
			-965
			-847
			-114
			-1,254
			-747
			71
			-586
			-168
			28,462
			-444
			-834
			-705
			66
			-1,512
			-10,511
			-6,643
			-175
			2,358
			7,989
			-1,022
			-173
			-169
			108
			999
			-89
			660
			74
			68
			-815
			-95
			80
			121
			124
			332
			567
			83
			-103
			-46
			19
			14
			336
			87
			20
			1,198
			79
			140
			-1,225
			-129
			177
			360
			580
			17
			120
			4
			-16
			19
			197
			765
			1,500
			232
			396
			-499
			-302
			649
			1,121
			-1,017
			-185
			-344
			19
			894
			285
			548
			11,970
			1,132
			-239
			3,135
			25,392
			150
			310
			259
			51
			284
			87
			191
			163
			178
			10
			6,672
			-14
			120
			1,515
			986
			35
			1,594
			80
			284
			-23
			44,672
			26,489
			-32
			-729
			1,583
			666
			1,260
			-570
			-250
			-165
			424
			2,051
			2,762
			-14
			329
			432
			79
			23
			1,509
			819
			167
			586
			-290
			62
			308
			13,667
			-297
			686
			384
			947
			197
			-576
			-678
			-52
			384
			-4
			955
			1,387
			1,183
			343
			774
			-232
			3,031
			503
			8,999
			290
			18
			407
			292
			49
			198
			204
			210
			-4
			14,350
			-134
			-1,132
			-476
			80
			1,458
			515
			544
			-85
			4
			4,600
			1,594
			1,354
			348
			-34
			11,288
			-44
			-171
			-430
			1,413
			-155
			1,919
			-50
			-409
			-463
			455
			42
			940
			2,349
			248
			2,214
			-20
			1
			370
			331
			3,070
			24
			376
			83
			21
			4
			380
			-1,047
			-80
			-55
			-5
			-452
			-283
			723
			35
			319
			86
			-69
			-130
			36
			22
			881
			60
			51
			2,148
			-53
			-302
			-966
			-55
			-265
			-275
			-567
			-50
			1,877
			1,061
			1,248
			-113
			23
			132
			280
			-7
			429
			-6,222
			1,529
			-2,800
			-43
			11
			421
			436
			496
			547
			5
			373
			2,595
			581
			171
			-58
			344
			111
			110
			258
			-109
			1,031
			960
			896
			184
			7,440
			238
			2,509
			-166
			626
			798
			1,403
			-401
			24
			355
			-76
			147
			202
			-1,239
			-201
			-54
			-773
			-40
			-58
			1,504
			2,858
			195
			1,444
			827
			-319
			322
			2,905
			3,890
			3,023
			39
			360
			1,545
			5,799
			149
			133
			136
			384
			156
			61
			32
			2,035
			-5,791
			324
			-378
			5
			57
			-1,109
			-352
			-8
			876
			479
			955
			3,104
			327
			210
			8,569
			1,574
			927
			58
			844
			4,438
			-36
			-2
			10
			-98
			-70
			983
			593
			1,087
			-42
			-394
			-538
			-49
			4,778
			645
			-420
			661
			1,949
			4,232
			2,758
			146
			15
			126
			18
			428
			1,058
			869
			402
			4,736
			3,768
			393
			-618
			1,178
			5,043
			1,365
			405
			-94
			-53
			228
			643
			540
			235
			447
			180
			652
			598
			849
			1,354
			767
			774
			509
			127
			380
			933
			-185
			581
			77
			531
			-1,329
			-105
			-150
			-14
			-120
			-43
			-144
			-151
			-13
			2,076
			2,926
			870
			127
			5
			-165
			316
			820
			336
			683
			746
			47
			6
			293
			304
			-44
			100
			53
			186
			288
			-69
			-1,711
			16
			-1,411
			-91
			11
			-870
			6,279
			22
			133
			209
			-1,531
			-1,234
			-12,441
			98
			58
			-3,038
			-3,955
			-102
			1,095
			411
			-137
			941
			5,517
			1,614
			-11
			-84
			346
			-262
			3,199
			-391
			-408
			-1,354
			1,073
			-1,135
			140
			482
			-242
			-295
			807
			-190
			-112
			-367
			-23
			-9
			21
			-1,025
			-307
			-64
			134
			17
			-35

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	607,514
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	603,531	16,059,858	0.03758
2016	1,149,852	15,322,177	0.075045
2015	761,799	16,296,545	0.046746
2014	752,205	16,844,714	0.044655
2013	748,084	16,131,501	0.046374

Total of line 1, column (d) .....................

0.2504

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.05008

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

14,792,620

Multiply line 4 by line 3......................

740,814

Enter 1% of net investment income (1% of Part I, line 27b)...........

8,668

Add lines 5 and 6........................

749,482

Enter qualifying distributions from Part XII, line 4,.............

902,817

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	8,668
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	8,668
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	8,668
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	17,600
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	17,600
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	8,932
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax8,932	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

n/a

The books are in care of bullet

FIFTH THIRD BANK Telephone no. bullet

(616) 653-5432

Located at bullet

111 LYON ST NWGRAND RAPIDSMI ZIP+4 bullet

49503

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BEATRICE A IDEMA	PRESIDENT/TRUSTEE 1	0
2520 LAKE MICHIGAN DR NW ROOM 317 GRAND RAPIDS,MI49544	PRESIDENT/TRUSTEE 1	0
JOYCE VERSLUIS	TRUSTEE 1	0
75 COLLINDALE SW GRAND RAPIDS,MI49501	TRUSTEE 1	0
JEFF POWER	SECRETARY/TRUSTEE 1	0
1828 WILDFLOWER PLACE THE VILLAGES,FL32162	SECRETARY/TRUSTEE 1	0
LISA SHARP	TREASURER 1	0
111 LYON ST NW GRAND RAPIDS,MI49503	TREASURER 1	0
P CRAIG WELCH JR	TRUSTEE 1	0
6812 FARRELL DR NE ROCKFORD,MI49341	TRUSTEE 1	0
THOMAS G WELCH	TRUSTEE 1	0
111 LYON ST NW GRAND RAPIDS,MI49503	TRUSTEE 1	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

14,345,284

Average of monthly cash balances.......................

672,604

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

15,017,888

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

15,017,888

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

225,268

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

14,792,620

Minimum investment return. Enter 5% of line 5..................

739,631

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

739,631

Tax on investment income for 2018 from Part VI, line 5......

8,668

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

8,668

Distributable amount before adjustments. Subtract line 2c from line 1............

730,963

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

730,963

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

730,963

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

902,817

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

902,817

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

8,668

Adjusted qualifying distributions. Subtract line 5 from line 4..............

894,149

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					730,963
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	368,914
e From 2017......	0
fTotal of lines 3a through e........		368,914
4Qualifying distributions for 2018 from Part
XII, line 4: $ 902,817
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					730,963
e Remaining amount distributed out of corpus		171,854
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		540,768
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		540,768
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	368,914
d Excess from 2017....	0
e Excess from 2018....	171,854

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

JOYCE VERSLUIS CO FIFTH THIRD BAN
111 LYON ST NW MDRMOB2A
GRAND RAPIDS,MI49503
(616) 653-5552

bThe form in which applications should be submitted and information and materials they should include:

LETTER OR PRESENTATION FORM WITH BASIC REQUEST INFORMATION

cAny submission deadlines:

GRANTS ARE NORMALLY CONSIDERED IN JUNE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

See attached statement

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MICHIGAN STATE UNIVERSITY 300 SPARTAN WAY EAST LANSING,MI48824	NONE	GROUP	RESEARCH CENTER GRANT	500,000
GRAND VALLEY STATE UNIV 1 CAMPUS DRIVE ALLENDALE,MI49401	NONE	SOUNK	GRANT	400,000
Total ................................. 3a				900,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	10,655	0
4 Dividends and interest from securities....			14	373,465	0
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....					0
8 Gain or (loss) from sales of assets other than inventory ............			18	607,514	0
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				991,634	0

13Total. Add line 12, columns (b), (d), and (e)..................

991,634

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
MORGAN STANLEY 5.625% 9/23/19	33,538	35,518
TARGET CORP 2.9% 1/15/2022	24,698	24,981
INTEL CORP 3.3% 10/1/21	20,849	20,212
BANK NEW YORK 5.45% 5/15/19	39,421	35,321
CATERPILLAR FINL SVCS 7.150 2/	41,853	35,162
EBAY INC 2.875 8/1/21	29,344	29,581
US TREAS NOTE 2.00 11/30/20	25,952	24,768
ANHEUSER-BUSCH INBEV FIN 01/17	24,727	23,794
BANK AMER CORP 4.00% 4/1/24	25,747	25,138
BANK NOVA SCOTIA	27,585	25,657
DEERE JOHN CAP CORP MED 10/12/	19,503	19,739
FANNIE MAE 7/28/14 1.750
MCDONALDS CORP 2.200% 5/26/20	24,709	24,721
SHELL INT'L 3.250% 5/11/25	24,727	24,651
TOTAL CAP 2.75 7/15/23	24,327	24,449
WELLS FARGO & CO NEW 2.125 4/2	25,035	24,926
WESTPAC BKG CORP	25,524	23,235
FANNIE MAE 2.125 4/24/26	33,981	33,337
FANNIE MAE 1.875% 9/24/26	13,931	13,957
FEDERAL NATL MTG ASSN 2.63% 9/	15,226	14,948
PACIFIC BELL 7.125% 3/15/26	32,616	28,237
QUALCOMM INC 3.45%5/20/25	26,055	24,053
SHELL INTL FIN BV 1.375% 5/10/	24,902	24,865
SIMON PPTY GROUP LP 3.375% 3/1	26,683	25,035
UNITED STATES TREASURY NOTE 2.	26,265	24,448
UNITED STATES TREAS NOTES 1.62	35,196	32,684
UNITED STATES TREAS NTS 2.00%	14,416	14,708
GENERAL ELECTRIC CO 2.70% 10/9	25,102	23,198
US TREAS NB 6.50% 11/15/26	20,038	19,113
UNITED STATES TREAS NTS 2.75%	15,552	15,161
UNITED STATES TREAS NTS 2.00%	19,336	19,281
UNITED STATES NT 1.875% 10/31/	24,830	24,442
US TREASURY NT 2.75% 2/28/18	14,944	15,077
UNITED STATES TREAS NTS 1.125%	19,455	19,357
UNITED STATES TREAS NTS 2.25%	15,117	14,810
US TREASURY NT 2.375% 5/15/27	15,012	14,686
US TREASURY NOTE 2.25% 8/15/27	14,859	14,517
US TREASURY NOTE 2.25% 11/15/2	19,834	19,320
AMGEN INC SR NT 1/16/09 5.70 2	20,065	20,040
HSBC HLDGS PLC SR NT 4/5/11 5.	27,274	25,853
PHILIP MORRIS INTL 2.50 11/1/2	23,954	24,028
US TREASURY N/B 8/15/97 6.375	19,472	19,274
US TREASURY N/B 11/17/97 6.125	19,767	19,058
UNITED STATES TREAS NTS 1.50 1	14,925	14,990
UNITED STATES TREAS NTS 2.25 3	24,954	24,871
UNITED STATES TREAS NTS 2.375	15,182	14,862
UNITED STATES TREAS NTS 2.125	14,791	14,858
UNITED STATES TREAS NTS 1.75 9	14,883	14,903
US TREASURY NT 1.5 10/31/19	14,834	14,860
UNITED STATES TREAS NT 2.125 1	35,639	34,656
UNITED STATES TREAS NTS 1.50 1	14,385	14,572
UNITED STATES TREAS NTS 1.50 3	9,933	9,977
UNITED STATES TREAS NTS 1.25 4	14,867	14,939
US TREASURY NOTE 1.75 5/15/22	14,929	14,648
US TREASURY NT 0.875 7/31/19	14,822	14,856
US TREASURY NT 1.625 10/31/23	14,551	14,397
US TREASURY NOTE 2.00 11/15/26	14,296	14,319
UNITED STATES TREAS NTS 2.50 8	35,892	34,989
US TREASURY NOTE 2.25 2/15/27	14,859	14,565
UNITED STATES TREAS NTS 1.50 5	14,885	14,939
US TREASURY NOTE 1.125 2/28/19	14,871	14,970
US TREASURY NT 2.125 5/15/25	19,813	19,463
UNITED STATES TREASURY NOTE 1.	14,845	14,906
UNITED STATES TREAS NTS 2.75 6	9,787	10,101
US TREASURY NOTE 1.25 8/31/19	14,839	14,865
US TREASURY NOTE 2.25 12/31/24	19,347	19,650
UNITED STATES TREAS NTS 2.875	14,896	15,230
UNITED STATES TREAS NTS 2.875	14,849	15,232
US TREASURY NT 3.00 9/30/25	9,931	10,257

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
OPPENHEIMER DEVELOPING MKT	AT COST	362,200	494,924
ALEXANDRIA REAL ESTATE EQUITIE	AT COST	12,731	22,472
AVALONBAY CMNTYS INC	AT COST	11,188	14,794
EAST GROUP PPTYS INC	AT COST	7,876	17,704
FEDERAL RLTY INVT TR	AT COST	14,461	17,234
FIRST INDL RLTY TR INC	AT COST	11,682	14,719
HOSPITALITY PPTY TR	AT COST	11,094	9,600
HOST HOTELS AND RESORTS	AT COST	12,326	16,220
LTC PPTYS INC	AT COST	5,178	9,503
SIMON PROPERTY GROUP INC NEW	AT COST	22,469	32,254
WEINGARTEN REALTY INV	AT COST	7,305	8,063
APARTMENT INVT & MGMT CO	AT COST	8,885	13,866
EPR PPTYS	AT COST	7,879	13,894
VORNADO REALTY TRUST	AT COST	9,589	8,994
LITMAN GREGORY MASTER ALT	AT COST	552,463	526,998
WEYERHAEUSER CO	AT COST	23,284	17,072
AMERICAN TOWER CORP	AT COST	24,849	40,971
AGREE REALTY CORP	AT COST	8,807	12,947
AM CAMPUS CMNTYS INC	AT COST	5,834	5,712
BOSTON PPTYS	AT COST	17,672	18,908
CORESITE RLTY CORP	AT COST	9,281	9,246
CROWN CASTLE INTL CORP	AT COST	21,386	27,375
KITE REALTY GROUP	AT COST	11,081	5,566
TERRENO RLTY CORP	AT COST	10,840	15,756
WELLTOWER INC	AT COST	11,328	17,353
ISHARES RUSSELL MIDCAP INDEX F	AT COST	24,746	26,958
ISHARES CORE S&P SMALL-CAP ETF	AT COST	335,307	297,383
ISHARES CORE MSCI EAFE	AT COST	678,452	640,750
VANGUARD VALUE ETF	AT COST	1,393,431	1,540,754
MONMOUTH REAL ESTATE INVT CORP	AT COST	5,014	4,303
PENNSYLVANIA REAL ESTATE INVT	AT COST	10,586	3,208
VANGUARD REAL ESTATE ETF	AT COST	77,829	75,316
TCW EMERGING MARKETS INCOME CL	AT COST	140,229	141,149
SEAFARER OVERSEAS GRWTH & INC	AT COST	124,799	110,042
VANGUARD GROWTH ETF	AT COST	1,532,890	1,462,854
WISDOMTREE GLOBAL EX-US QUALIT	AT COST	721,785	652,394
GOLDMAN SACHS ABS RETURN TRACK	AT COST	546,407	524,916
ENTRUSTPERMAL ALTERNATIVE CORE	AT COST	194,499	174,340
CBRE GROUP INC	AT COST	2,786	5,806
CUBESMART	AT COST	14,284	15,120
DIGITAL RLTY TR INC	AT COST	11,180	10,548
EQUINIX INC	AT COST	20,900	16,570
EQUITY LIFESTYLE PPTYS INC	AT COST	11,356	12,238
EXTRA SPACE STORAGE INC	AT COST	4,502	5,248
GAMING & LEISURE PPTYS INC	AT COST	12,860	12,762
PREERRED APT CMNTYS INC	AT COST	5,513	4,851
STAG INDL INC	AT COST	5,932	5,399
EATON VANCE FLOATING RATE I	AT COST	330,000	316,523
PHYSICIANS RLTY TR	AT COST	8,975	8,656
SL GREEN RLTY CORP	AT COST	11,418	8,778
ISHARES CORE S&P MID-CAP ETF	AT COST	375,426	313,023
CAMDEN PPTY TR	AT COST	11,249	11,094
ESSEX PPTY TR	AT COST	4,284	4,169
INVITATION HOMES INC	AT COST	9,392	9,458
ISHARES S&P GLOB INFRAS INDEX	AT COST	844,448	767,516
NEXPOINT RESIDENTIAL TR	AT COST	3,978	4,136

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME	3,039	3,524	0
ACCRUED INT PAID	604	606	0

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK SERVICE FEES	110,297	110,297	0
OTHER MISC INVESTMENT EXPENSES	315	315	0
OTHER MISC CHARITABLE EXPENSES	1,169	0	1,169
INVESTMENT EXPENSES ON DIVIDEN	888	888	0

Category	Amount	Net Investment Income
FOREIGN TAXES PAID	4,499	4,499
FEDERAL EXCISE TAX - PRIOR YEA	11,154	0
FEDERAL EXCISE TAX ESTIMATE	17,600	0
FOREIGN TAXES ON QUALIFIED FOR	5,840	5,840
FOREIGN TAXES PAID - NQDI	1,345	1,345

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MICROSOFT CORP	25,555	88,671
AT&T INC	19,005	14,270
ABBOTT LABS	12,756	34,357
AIA GROUP LTD	19,938	46,126
ACTIVISION BLIZZARD INC	751	2,747
AGILENT TECH INC	2,394	5,127
AIR LIQUIDE ADR	19,472	25,687
AKAMAI TECH INC	1,865	4,275
ALLIANZ SE ADR	18,643	32,534
ANSYS INC	1,972	5,289
APPLE INC	30,486	77,292
ATLAS COPCO AB ADR	6,538	9,473
AUTODESK INC	1,885	7,716
BIO-RAD LABS INC CL A	1,339	3,483
BORG-WARNER AUTO INC	3,113	3,057
CSX CORP	1,552	4,784
CVS HEALTH CORP	12,885	29,484
CANADIAN NAT'L RAILWAY CO	53,273	86,560
COCA-COLA CO	31,880	37,880
CUMMINS INC	2,771	4,276
DBS GROUP HOLDINGS LTD	19,262	28,296
D R HORTON INC	1,853	5,441
DARDEN RESTAURANT	1,849	4,793
DASSAULT SYS S A ADR	7,691	22,760
DISNEY WALT CO	17,941	49,343
FANUC CORP	23,676	23,110
FRESENIUS MED CARE ADR	17,094	15,903
GATX CORP	2,255	4,178
GENERAL DYNAMICS CORP	1,653	4,087
HONEYWELL INTL INC	17,259	48,224
ICICI BK LTD	9,548	13,892
INTEL CORP	28,003	48,103
INTERCONTINENTAL EXCHANGE INC	2,461	7,910
INTUIT COM	1,676	6,890
ITAU UNIBANCO HOLDINGS	11,892	19,413
JGC CORP ADR	19,598	9,109
JPMORGAN CHASE & CO	24,910	52,715
KEYCORP	75,868	53,489
LVMH MOET HENNESSY LOU-ADR	9,116	16,824
MEDTRONIC INC	99,721	118,339
NESTLE S A ADR	26,708	36,913
NEWFIELD EXPL CO	4,421	2,038
PEPSICO INC	24,399	38,668
PFIZER INC	29,795	58,928
PROGRESSIVE CORP OHIO	1,781	5,731
RAYMOND JAMES FINL INC	2,037	5,209
REINSURANCE GROUP AMER INC	1,826	5,189
REPUBLIC SVCS INC	2,900	7,714
ROCHE HLDG LTD ADR	22,206	31,388
SAP SE ADR	17,726	30,263
SASOL LTD ADR	11,457	8,699
SCHLUMBERGER LTD	20,058	9,850
SCOTTS MIRACLE GROW CO	1,658	2,335
SNAP ON INC	1,773	5,230
SONOVA HLDG AG ADR	6,928	12,284
SYSMEX CORP	4,251	10,363
TJX COS INC NEW	39,567	82,143
TAIWAN SEMICONDUCTOR ADR	14,453	39,604
UNILEVER PLC ADR	12,174	17,922
XILINX INC	2,377	6,473
ABBVIE INC	21,422	54,853
ALLEGHANY TECH	4,021	3,679
AMERISOURCEBERGEN CORP	2,293	3,497
BAIDU INC	26,180	27,596
BANCO BILBAO VIZCAYA	25,580	19,187
BAYERISCHE MOTOREN WERKE ADR	12,905	10,857
COMCAST CORP CL A	28,413	47,670
LAUDER ESTEE COS INC	41,837	60,366
SEALED AIR CORP	1,683	3,519
SYNOPSYS INC	1,998	5,307
RENAISSANCERE HOLDINGS	2,525	3,610
CABOT CORP	1,661	1,675
CITIGROUP INC	33,131	33,839
MASCO CORP	48,892	40,176
MONOTARO CO LTD ADR	4,356	18,580
UNITEDHEALTH GROUP INC	22,720	78,473
STIFEL FINL CORP	9,114	7,828
DISCOVER FINANCIAL SRVCS	36,376	39,812
DOVER CORP	3,151	3,335
E TRADE FINANCIAL CORP	23,284	47,171
FIRST MERCHANTS CORP	3,034	4,764
FUCHS PETROLUB SE	11,886	10,448
KEYSIGHT TECHNOLOGIES INC	2,980	6,146
LIGAND PHARMACEUTICALS	2,480	4,614
MANHATTAN ASSOCIATED INC	40	42
MARATHON PETE CORP	31,038	37,766
PNC FINANCIAL SRVS GROUP	24,968	55,532
PRIMERICA INC	2,801	5,960
SOUTHWEST GAS CORP	4,716	5,891
SYMRISE AG ADR	9,688	13,161
ACCENTURE PLC	41,492	62,044
AMN HEALTHCARE SVCS	3,080	5,893
ALPHABET INC	10,229	41,798
ALPHABET INC CAP STK CL A	6,355	25,890
COMFORT SYSTEMS	3,258	4,412
DENTSPLY SIRONA INC	3,036	2,121
DYCOM INDS INC	39,855	22,427
EASTMAN CHEM CO	2,070	4,167
EATON VANCE CORP	1,863	2,850
ECHOSTAR HOLDING CORP CL A	2,243	2,093
EXELON CORP	38,858	50,738
FACTSET RESH SYS INC	56,977	71,446
FERRO CORP	3,376	3,497
GILEAD SCIENCES INC	29,863	29,711
GLOBAL PMTS INC	1,382	6,600
GRIFOLS SA	8,796	9,290
HORMEL FOODS CORP	43,816	64,575
LOREAL SA	12,179	25,760
LABORATORY CORP AMER HLDGS	3,047	3,285
MASTERCARD INC	39,532	78,667
MATRIX SVC CO	32	36
NASPERS LTD	13,294	23,202
NIKE INC	46,559	69,024
PACKAGING CORP	2,835	3,505
SHERWIN WILLIAMS CO	82,121	127,088
WEC ENERGY GROUP INC	3,624	4,987
CHECK POINT SOFTWARE TECH	21,300	27,921
BROADCOM LTD SHS	37,837	55,942
ANI PHARMACEUTICALS INC	4,615	3,647
ALFA LAVAL AB SWEDEN ADR	9,341	12,706
AMGEN INC	60,651	69,887
ASPEN PHARMCARE HLDGS LTD ADR	12,952	5,567
BANK OF THE OZARKS	40	23
BAYER AG ADR	39,834	26,514
BLACK KNIGHT FINL SVCS	3,495	4,100
CENTERSTATE BKS FLA INC	4,167	4,629
CHESAPEAKE UTILS CORP	4,601	5,935
CIMAREX ENERGY	4,567	2,466
CONTINENTAL RES INC	4,092	4,260
FACEBOOK INC	38,036	39,982
FEDEX CORPORATION	87,788	76,632
GRUPO TELEVISA SAB	11,158	10,838
HSBC HOLDINGS PLC ADR	12,419	12,127
KUBOTA CORP	9,745	9,322
MARRIOTT VACATIONS WORLDWIDE	6,394	5,147
PARK24 CO LTD SPRD ADR	10,817	8,709
ROYAL DUTCH SHELL PLC	24,695	32,368
TENARIS SA ADR	6,084	4,925
TORO CO	35,580	46,492
TOTAL SYS SVCS INC	4,356	6,666
TRINET GROUP INC	2,464	4,069
WESTERN ALLIANCE BANCORP	5,459	5,529
WOODWARD INC	3,261	4,755
ARROW ELECTRS INC	3,429	3,172
BIOGEN INC	23,161	25,578
BIOTELEMETRY INC	1,872	4,300
CENTRAL GARDEN & PET CO	4,421	4,341
CONOCOPHILLIPS	33,441	46,139
FIRST BANCORP NORTH CAROLINA	6,251	5,422
GENERAL MTRS CO	40,710	38,468
HDFC BANK LTD ADR	10,026	11,913
HMS HLDGS CORP	2,608	4,023
INFINEON TECHNOLOGIES AG ADR	16,018	13,598
JABIL INC	4,097	3,545
JERNIGAN CAP INC	4,103	4,578
MARCUS CORP DEL COM	4,128	5,214
MASTEC INC COM	4,606	4,178
MATADOR RES CO	3,233	2,034
MONSTER BEVERAGE CORP NEW	39,979	42,329
POLYONE CORP	4,092	3,518
REALPAGE INC	3,743	4,000
SKYWEST INC	4,234	4,536
STARBUCKS CORP	58,657	68,586
TETRA TECH INC NEW	3,788	4,297
WEIBO CORP	23,244	15,017
HORIZON PHARMA	4,940	4,592
LINDE PLC	18,538	17,945
MELLANOX TECHNOLOGIES LTD	3,973	4,434
YANDEX N V SHS CL A	8,981	9,080
ASGN INC	3,308	4,251
ADIDAS AG ADR	10,348	9,487
ADVANSIX INC	5,431	3,408
AIR LEASE SA ADR	4,360	3,112
ALARM COM HLDGS	4,136	5,394
ALBEMARLE CORP	4,577	3,776
AMAZON.COM INC	48,197	52,569
AMBEV SA ADR	11,240	8,957
APERGY CORP	801	623
AUTOMATIC DATA PROCESSING INC	71,900	66,740
BOOT BARN HLDGS INC	6,711	5,313
BOTTOMLINE TECHNOLOGIES DEL IN	2,591	3,408
BOYD GAMING CORP	6,368	3,637
CABOT MICROELECTRONICS CORP	4,302	4,386
CADENCE BANCORPORATION CL A	7,931	4,917
CHEFS WHSE HLDGS LLC	3,657	4,701
CORCEPT THERAPEUTICS INC	5,031	3,834
DELEK US HLDGS INC	5,084	3,511
ECHO GLOBAL LOGISTICS INC	5,892	3,598
EMERGENT BIOSOLUTIONS INC	4,178	4,624
FIVE9 INC	4,097	5,290
FOMENTO ECONOMICO MEXICANO S A	9,833	9,982
G-III APPAREL GROUP LTD	8,046	5,215
GARRETT MOTION INC COM	191	444
HALLIBURTON CO	19,228	16,745
HARSCO CORP	4,930	4,310
HOULIHAN LOKEY INC	4,504	3,275
KOMATSU LTD	10,456	8,279
LONZA GROUP AG	19,006	18,241
LOWES COS INC	66,906	65,114
MERIT MED SYS INC	4,109	4,967
MOOG INC	4,528	4,494
NOVOZYMES A/S ADR	10,916	9,358
OASIS PETE INC	3,906	2,101
PROPETRO HLDG CORP	3,678	2,969
QUANTENNA COMMUNICATIONS	4,485	4,061
QUINSTREET INC	5,131	5,177
RESIDEO TECHNOLOGIES	512	1,233
RUDOPLH TECHNOLOGIES INC	6,742	4,278
RUTH'S HOSPITALITY GROUP	6,719	5,342
STERICYCLE INC	4,224	2,495
SYNEOS HEALTH INC	4,328	4,447
TABULA RASA HEALTHCARE INC	4,247	4,463
TEMENOS AG ADR	14,864	11,960
TEXAS INSTRS INC	70,551	63,504
THE TRADE DESK INC	3,651	4,758
TIMKEN CO	5,120	3,919
TWENTY-FIRST CENTY FOX INC	48,201	57,097
UNITED COMMUNITY BANKS GA	7,309	4,786
UNIVERSAL INSURANCE HOLDINGS	5,504	6,560
UPLAND SOFTWARE	4,860	3,805
URBAN OUTFITTERS INC	6,747	5,046
WIGHT WATCHERS INTL INC	7,453	4,433
WINTRUST FINL CORP	5,549	5,386
ZOETIS INC	65,253	67,577