| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ANHEUSER BUSCH BOND - 3.300% - | 25,462 | 24,309 |
| APPLE INC - 3.200% - 05/13/202 | 30,518 | 29,504 |
| AT&T, INC - 3.950% - 01/15/202 | 30,020 | 29,336 |
| BANK AMER CORP - 4.125% - 01/2 | 47,003 | 45,612 |
| BERKSHIRE HATHAWAY NOTE - 3.12 | 44,022 | 43,616 |
| CITIGROUP INC SR NT - 4.500% - | 44,111 | 40,952 |
| CME GROUP INC - 3.000% - 09/15 | 47,133 | 44,807 |
| COMCAST CORP NOTES - 5.150% - | 28,760 | 25,622 |
| DOW CHEMICAL CO THE NOTE - 4.2 | 25,600 | 25,445 |
| GENERAL MOTORS - 3.450% - 01/1 | 19,780 | 19,381 |
| GOLDMAN SACHS GROUP INC - 4.00 | 46,196 | 44,405 |
| HOME DEPOT INC SR NT - 4.400% | 28,266 | 25,746 |
| JEFFERIES GROUP INC - 6.875% - | 23,344 | 21,283 |
| JPMORGAN CHASE - 3.300% - 04/0 | 43,166 | 42,855 |
| MORGAN STANLEY - 4.000% - 07/2 | 47,876 | 44,395 |
| ORACLE CORP - 3.625% - 07/15/2 | 42,265 | 40,542 |
| SANTANDER UK PLC - 4.000% - 03 | 24,879 | 25,205 |
| SHELL INTERNATIONAL FIN - 4.30 | 48,531 | 45,415 |
| TARGET BOND - 3.500% - 07/10/2 | 42,635 | 40,267 |
| VERIZON COMMUNICATIONS INC - 5 | 28,180 | 26,630 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACCENTURE PLC | 7,965 | 7,051 |
| ADOBE SYSTEMS, INC | 4,501 | 10,860 |
| ALIBABA GROUP HOLDING LTD | 4,367 | 4,112 |
| ALPHABET INC CL A | 10,854 | 14,629 |
| ALTRIA GROUP INC | 13,371 | 11,360 |
| AMERICAN ELECTRIC POWER INC | 25,577 | 32,736 |
| AMERICAN WATER WORKS COMPANY I | 6,559 | 9,894 |
| AMPHENOL CORPORATION | 6,800 | 6,077 |
| APPLE INC | 5,774 | 8,518 |
| AT&T, INC | 28,506 | 23,574 |
| AVANGRID INC | 26,062 | 35,363 |
| B&G FOODS INC | 12,917 | 10,437 |
| BANK OF AMERICA CORP | 4,224 | 4,435 |
| BB&T CP | 18,112 | 14,512 |
| BERKSHIRE HATHAWAY INC. CLASS | 8,376 | 10,209 |
| BLACKROCK INC | 3,093 | 3,143 |
| CHEVRON CORP | 5,232 | 6,310 |
| CHUBB LIMITED | 3,633 | 3,230 |
| CINCINNATI FINANCIAL CORP | 22,680 | 29,420 |
| CINTAS CRP | 5,860 | 10,079 |
| CME GROUP, INC | 7,837 | 15,050 |
| CNI FIXED INCOME OPP FD CL N | 647,387 | 627,833 |
| COLGATE-PALMOLIVE COMPANY | 8,751 | 7,797 |
| COMCAST CORP | 8,678 | 10,351 |
| COSTCO WHOLESALE CORPORATION | 8,228 | 10,389 |
| DANAHER CORP | 4,783 | 7,218 |
| DOMINION ENERGY INC | 26,797 | 27,869 |
| DOWDUPONT INC | 1,777 | 1,604 |
| DUKE ENERGY CO | 16,435 | 19,849 |
| EDWARDS LIFESCIENCES | 3,819 | 7,352 |
| EPR PROPERTIES | 19,042 | 21,002 |
| EQUINIX, INC | 3,994 | 3,526 |
| ESSEX PRTY TR INC | 4,390 | 4,904 |
| EVERSOURCE ENERGYINC | 17,656 | 22,244 |
| FACEBOOK INC | 4,105 | 5,113 |
| FIERA CAPITAL EMERGING MARKETS | 85,508 | 90,403 |
| HEALTHCARE TRUST OF AMERICA IN | 20,472 | 18,350 |
| HOME DEPOT INC | 7,149 | 9,278 |
| HONEYWELL INTL | 5,476 | 7,267 |
| INGERSOL-RAND PLC | 6,008 | 5,474 |
| INTEL CORP | 27,552 | 28,862 |
| JOHNSON & JOHNSON | 3,911 | 5,162 |
| JP MORGAN CHASE | 6,740 | 9,957 |
| LAMAR ADVERTISING CO CL A REIT | 26,202 | 30,370 |
| LIBERTY PROPERTY TRUST SBI | 20,000 | 28,478 |
| LINDE PLC COM | 6,628 | 6,242 |
| LOCKHEED MARTIN CORP | 23,687 | 28,802 |
| MAGNA INTERNATIONAL INC | 7,172 | 7,863 |
| MASTERCARD INC | 7,466 | 14,337 |
| MCDONALD'S CORP | 7,332 | 10,654 |
| MERCK & CO INC | 18,713 | 25,215 |
| MICROSOFT CORP | 10,760 | 19,705 |
| MID-AMERICA APT COMMUNITIES IN | 26,817 | 28,710 |
| NATIONAL RETAIL PROPERTIES INC | 26,674 | 29,591 |
| NEXTERA ENERGY, INC | 4,610 | 5,215 |
| NORTHROP GRUMMAN CORP | 6,658 | 7,347 |
| ONEOK INC | 17,828 | 16,185 |
| PAYCHEX | 25,516 | 31,011 |
| PEPSICO INC | 5,958 | 6,629 |
| PFIZER INC | 18,583 | 22,916 |
| PHILIP MORRIS INTL | 13,708 | 10,348 |
| PNC FINANCIAL GROUP INC | 4,691 | 5,846 |
| PROCTER GAMBLE CO | 27,075 | 32,172 |
| PRUDENTIAL FINCL INC | 17,684 | 13,456 |
| PULTE GROUP INC | 7,130 | 10,292 |
| RAYTHEON CO | 3,178 | 3,067 |
| ROPER INDUSTRIES | 2,814 | 2,665 |
| SIX FLAGS ENTERTAINMENT CORPOR | 26,911 | 29,484 |
| SONOCO PRODUCTS COMPANY | 17,852 | 17,799 |
| SUNTRUST BKS INC | 8,368 | 7,566 |
| THE COCA-COLA CO | 27,178 | 29,641 |
| THERMO FISHER SCIENTIFIC INC | 5,494 | 8,728 |
| TWEEDY BROWNE GLOBAL VALUE FUN | 36,760 | 39,189 |
| UNILEVER PLC AMER | 17,792 | 17,504 |
| UNION PACIFIC | 2,208 | 2,765 |
| UNITEDHEALTH GROUP INC | 5,664 | 11,958 |
| VERIZON COMMUNICATIONS | 27,366 | 32,945 |
| VISA INC | 8,997 | 15,173 |
| W. P. CAREY INC | 17,916 | 19,602 |
| WAL-MART STORES INC | 3,130 | 4,658 |
| WALT DISNEY HOLDINGS CO | 10,297 | 10,526 |
| WELLTOWER INC. | 23,414 | 24,224 |
| WESTROCK COMPANY | 27,204 | 15,482 |
| XCEL ENERGY INC | 26,659 | 36,607 |
| ZOETIS INC | 7,213 | 11,976 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 16,822 | 16,822 | ||
| Bank Charges | 165 | 165 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 21,003 | 21,003 | ||
| DESIGN SERVICES | 305 | 305 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2018 | 900 | |||
| Foreign Tax Paid | 34 | 34 |