| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 2,595 | 1,297 | 1,298 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FORD MOTOR CREDIT CO LLC | 24,363 | 24,052 |
| HEWLETT-PACKARD CO | 25,353 | 25,823 |
| MUZINICH CREDIT OPPORTUNITIES FUND | 63,653 | 63,900 |
| PIONEER IIS INTERVAL FUND | 40,000 | 36,691 |
| SOUTHERN CAL EDISON | 26,331 | 23,813 |
| GENERAL ELECTRIC CO | 24,750 | 19,125 |
| VIRTUS SEIX FLT RT | 64,000 | 61,339 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MATTHEWS PACIFIC TIGER FD | 64,503 | 68,216 |
| THIRD AVE TR INTL VALUE FD | 61,458 | 48,036 |
| DFA INTERNATIONAL CORE EQTY | 134,118 | 125,750 |
| ALIBABA GROUP HOLDING | 23,074 | 20,423 |
| ARTISAN INTL VALUE FUND | 101,888 | 85,791 |
| CELANESE CORP | 28,899 | 25,192 |
| WESTROCK CO | 28,334 | 21,939 |
| AMAZON.COM INC | 45,453 | 39,051 |
| HOME DEPOT INC | 36,190 | 31,787 |
| AUTOZONE INC | 25,766 | 29,342 |
| DORMAN PRODUCTS INC | 22,241 | 28,536 |
| TJX COS INC | 30,106 | 25,770 |
| DOMINO'S PIZZA INC | 24,216 | 21,575 |
| ROYAL CARIBBEAN CRUISES LTD | 23,806 | 19,949 |
| NIKE INC - CLASS B | 13,243 | 19,276 |
| LAMB WESTON HOLDINGS INC | 18,952 | 19,641 |
| UNITEDHEALTH GROUP INC | 34,710 | 45,838 |
| THERMO FISHER SCIENTIFIC INC | 43,093 | 43,191 |
| ABBOT LABS | 23,892 | 24,592 |
| CORE LABORATORIES NV | 21,432 | 10,858 |
| SCHLUMBERGER LTD | 13,793 | 7,865 |
| CBRE GROUP INC | 32,116 | 29,910 |
| CHUBB LTD | 26,383 | 26,224 |
| BLACKROCK INC CL A | 25,102 | 21,212 |
| SYNCHRONY FINANCIAL | 26,102 | 19,331 |
| EAST WEST BANCORP INC | 25,124 | 17,499 |
| ROPER TECHNOLOGIES INC | 28,037 | 26,919 |
| 3M CO | 25,758 | 24,389 |
| A.O. SMITH CORP | 25,650 | 20,923 |
| MASTERCARD | 35,279 | 46,031 |
| MICROSOFT | 32,605 | 42,456 |
| APPLE INC | 45,090 | 34,072 |
| TEXAS INSTRUMENTS | 36,437 | 33,453 |
| ACCENTURE | 36,266 | 31,163 |
| ADOBE INC | 27,870 | 26,244 |
| ANSYS INC | 20,616 | 18,010 |
| IPG PHOTONICS CORP | 22,113 | 17,560 |
| APPLIED MATERIALS | 17,301 | 14,733 |
| ALPHABET CL C | 24,265 | 22,783 |
| ALPHABET CL A | 18,959 | 17,764 |
| GQG PART EMERG MKTS EQ-INST | 75,000 | 69,032 |
| AMERICAN TOWER CORP REIT | 31,804 | 34,644 |
| WEYERHAEUSER CO REIT | 26,853 | 18,209 |
| BLACKSTONE GROUP LP | 34,714 | 30,674 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 10,000 | 0 | 10,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDEND RECEIVABLE | 603 | 669 | 669 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 7,282 | 7,282 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MINNESOTA ANNUAL REGISTRATION | 25 | 0 | 25 | |
| FOREIGN TAX | 565 | 565 | 0 | |
| FEDERAL EXCISE TAX | 315 | 0 | 0 |