| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF NOVA SCOTIA | 202,784 | 198,270 |
| EATON VANCE FLOATING RATE FUND-CLASS | 435,031 | 413,060 |
| ISHARES FLOATING RATE BOND ETF | 1,115,544 | 1,101,776 |
| PRINCIPAL PREFERRED SECURITIES FUND | 400,051 | 369,027 |
| TEMPLETON GLOBAL BOND FUND - ADVISOR CLASS #616 | 196,087 | 170,835 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO COM | 207,317 | 371,553 |
| AARONS INC | 90,676 | 95,285 |
| ACCENTURE LTD | 38,564 | 220,399 |
| AIA GROUP LTD SP | 200,158 | 189,060 |
| ALLISON TRANSMISSION HOLDINGS | 33,286 | 77,501 |
| ALPHABET INC CL C | 143,655 | 263,045 |
| AMEX ENERGY SELECT SPDR | 128,908 | 95,660 |
| AMPHENOL CORP CL A | 75,484 | 248,731 |
| APPLE INC | 129,062 | 425,898 |
| ASGN INC | 34,158 | 70,087 |
| ATLAS COPCO AB | 114,148 | 95,768 |
| AVAYA HOLDINGS CORP | 87,633 | 62,681 |
| BERKSHIRE HATHAWAY INC | 183,974 | 360,786 |
| BLACKROCK INC | 102,075 | 196,410 |
| BRANDES EMERGING MARKETS FUND | 378,041 | 310,151 |
| CHEVRON CORP | 154,051 | 179,504 |
| CSG SYS INTL INC | 54,340 | 58,457 |
| ENCOMPASS HEALTH CORP | 77,131 | 102,545 |
| FIRSTCASH INC | 81,774 | 93,332 |
| GENTEX CORP | 28,984 | 78,011 |
| GRACO INC | 18,469 | 73,238 |
| HDFC BANK LTD ADR | 188,938 | 180,557 |
| IHS MARKIT LTD | 199,559 | 266,234 |
| ISHARES CORE MSCI EAFE ETF | 1,504,248 | 1,328,250 |
| JOHNSON & JOHNSON | 174,598 | 303,268 |
| KIRBY CORP | 85,488 | 86,153 |
| KLX ENERGY SERVICES HOLDINGS I | 30,277 | 29,664 |
| MASTEC INC COM | 44,459 | 74,063 |
| MASTERCARD INC | 112,605 | 269,015 |
| MAXIMUS INC COM | 73,990 | 77,392 |
| MAXLINEAR | 80,954 | 59,488 |
| MCDONALDS CORP | 59,665 | 187,336 |
| MEDTRONIC | 274,979 | 330,549 |
| MICROSOFT CORP | 158,165 | 451,987 |
| NATL GENERAL HOLDINGS CORP | 74,446 | 95,218 |
| NV5 GLOBAL INC | 59,033 | 79,502 |
| OIL STATES INTERNATIONAL INC | 74,465 | 31,787 |
| PEPSICO INC | 119,553 | 171,244 |
| PRESTIGE CONSUMER HEALTHCARE INC | 99,107 | 70,561 |
| PROCTER & GAMBLE CO | 204,020 | 225,204 |
| RECKITT BENCKISER ORD GBPO | 61,998 | 193,981 |
| RESMED INC | 121,831 | 125,257 |
| ROCKWELL AUTOMATION INC | 78,370 | 99,919 |
| SAP AG-ADR | 84,644 | 198,602 |
| SCHLUMBERGER LTD | 135,789 | 58,377 |
| SITEONE LANDSCAPE SUPPLY INC | 70,471 | 55,215 |
| SPDR S&P 500 ETF TRUST | 195,640 | 250,670 |
| STAMPS COM INC | 69,008 | 66,303 |
| TAIWAN SEMICONDUCTOR MFG CO | 74,288 | 331,489 |
| TARGET CORP | 151,841 | 158,616 |
| TCF FINANCIAL | 61,049 | 69,989 |
| THERMO FISHER SCIENTIFIC INC | 66,348 | 246,169 |
| TIVITY HEALTH INC | 75,001 | 52,424 |
| UNITED PARCEL SERVICE- CL B | 230,365 | 247,239 |
| UNITEDHEALTH GROUP INC | 165,349 | 161,928 |
| VALVOLINE INC | 75,367 | 61,320 |
| VERIZON COMMUNICATIONS | 205,559 | 241,746 |
| VF CORP | 179,568 | 210,453 |
| WEX INC | 5,743 | 61,206 |
| WISDOMTREE EUROPE HEDGED EQUITY FUND | 220,921 | 208,828 |
| WNS HOLDINGS LTC | 62,592 | 90,978 |
| WRIGHT MEDICAL GROUP | 85,623 | 86,151 |
| ZEBRA TECHNOLOGIES CORP | 17,178 | 107,799 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLACKROCK DEVELOPED REAL ESTATE INDEX FUND CLASS K #1921 | AT COST | 377,045 | 349,021 |
| NEA 10 LP | AT COST | 134,408 | 123,929 |
| NEA 9 L.P. | AT COST | 55,977 | 29,582 |
| NORTHSTAR MEZZANINE V, LP | AT COST | 187,094 | 171,584 |
| TORTOISE MLP & PIPELINE FUND CLASS INS | AT COST | 331,967 | 307,656 |
| UNILEVER PLC - ADR SPONSORED ADR | AT COST | 193,327 | 240,350 |
| WISDOMTREE JAPAN HEDGED EQUITY FUND | AT COST | 214,281 | 236,079 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSE | 26,232 | 0 | 26,232 | |
| MEMBERSHIPS | 3,025 | 0 | 3,025 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| WELLS FARGO BANK MN NA DBA LOWRY HILL | 24,342 | 24,342 | |
| NORTHSTAR MEZZANINE PARTNERS V | 24 | 24 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AGENCY FEES | 9,000 | 0 | 9,000 | |
| NEA 9 LP K-1 - PROFESSIONAL FEES | 23 | 23 | 0 | |
| NORTHSTAR MEZZANINE PARTNERS V K-1- PROFESSIONAL FEES | 3,149 | 3,149 | 0 | |
| NEA 10 LP K-1 - PROFESSIONAL FEES | 27 | 27 | 0 | |
| ADVISOR FEES | 70,370 | 70,370 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES WITHHELD | 11,883 | 11,883 | 0 | |
| FEDERAL TAXES PAID | 13,702 | 0 | 0 | |
| MN FILING FEE | 25 | 0 | 25 |