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
1923 FUND

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

36-7070455

B Telephone number (see instructions)

(630) 390-3776

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

$50,779,356J 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
4	Dividends and interest from securities...	1,022,383		1,021,939
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,424,963
b	Gross sales price for all assets on line 6a 10,892,070
7	Capital gain net income (from Part IV, line 2)...			3,424,963
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).......		71,408	69,996
12	Total. Add lines 1 through 11........	4,518,754		4,516,898
13	Compensation of officers, directors, trustees, etc.	321,320		289,188		32,132
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......	16,538		0	0	16,538
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		121,368	29,368		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).......		25,731	9,588		16,143
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	484,957		328,144	0	64,813
25	Contributions, gifts, grants paid.......	3,262,369				3,262,369
26	Total expenses and disbursements. Add lines 24 and 25	3,747,326		328,144	0	3,327,182
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	771,428
b	Net investment income (if negative, enter -0-)			4,188,754
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.............	30,980	18,846	18,846
	2	Savings and temporary cash investments.........	1,357,519	1,538,014	1,538,014
	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).......	32,189,904	32,763,381	41,789,722
	c	Investments—corporate bonds (attach schedule).......	3,573,318	4,732,335	4,497,477
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,473,611	3,259,844	2,912,183
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	12,023	23,114	23,114
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	41,637,355	42,335,534	50,779,356
	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........	41,637,355	42,335,534
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	41,637,355	42,335,534
	31	Total liabilities and net assets/fund balances (see instructions).	41,637,355	42,335,534

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) ...............

41,637,355

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

771,428

Other increases not included in line 2 (itemize) bullet

50,181

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

42,458,964

Decreases not included in line 2 (itemize) bullet

123,430

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

42,335,534

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	10. ADIDAS AG A D R		2016-08-17	2018-01-03
b	77. AUTOHOME INC		2017-08-21	2018-01-03
c	66. CARNIVAL PLC A D R		2017-08-21	2018-01-03
d	29. COHERENT INC COM		2014-12-15	2018-01-03
e	80. DELEK HOLDCO INC		2015-12-22	2018-01-03
	29. 51JOB INC A D R		2017-10-06	2018-01-03
	214. FLY LEASING LTD A D R		2015-11-17	2018-01-03
	26. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2016-12-01	2018-01-03
	537. LG DISPLAY CO LTD A D R		2017-06-30	2018-01-03
	347. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-05-16	2018-01-03
	92. NOVARTIS AG SPONSORED ADR		2017-09-13	2018-01-03
	885. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-16	2018-01-03
	60. WNS HOLDINGS LTD ADR		2017-01-23	2018-01-03
	100. WNS HOLDINGS LTD ADR		2016-10-06	2018-01-03
	26. WNS HOLDINGS LTD ADR		2017-12-13	2018-01-03
	19. YY INC A D R		2017-08-21	2018-01-03
	35. CHESAPEAKE UTILS CORP		2016-01-27	2018-01-08
	64. ALLETE INC		2017-04-21	2018-01-09
	641. MITSUBISHI ESTATE LTD A D R		2016-12-01	2018-01-09
	250. BOYD GAMING CORP COM		2016-11-16	2018-01-10
	34. COHERENT INC COM		2017-08-08	2018-01-10
	1. COHERENT INC COM		2015-10-01	2018-01-10
	121. COLUMBIA PROPERTY TRUST INC		2016-02-03	2018-01-10
	232. COLUMBIA PROPERTY TRUST INC		2017-05-15	2018-01-10
	295. GLOBUS MED INCA		2015-06-15	2018-01-10
	43. IDACORP INC		2017-05-31	2018-01-10
	414. MITSUBISHI ESTATE LTD A D R		2016-12-01	2018-01-10
	56. CHESAPEAKE UTILS CORP		2016-01-27	2018-01-11
	115. EPR PROPERTIES		2016-11-07	2018-01-11
	65. EPR PROPERTIES		2017-02-14	2018-01-11
	75. HORIZON PHARMA PLC		2017-06-22	2018-01-11
	674. HORIZON PHARMA PLC		2016-07-08	2018-01-11
	162. NETGEAR INC RESTR		2017-10-12	2018-01-12
	175. OMNICELL INC COM		2015-11-20	2018-01-12
	52. ADIDAS AG A D R		2016-08-17	2018-01-17
	39. DIAGEO PLC SPONSORED ADR NEW		2017-10-19	2018-01-17
	63. POSCO A D R		2016-11-04	2018-01-17
	211. SONY CORP AMERN SH NEW		2017-01-09	2018-01-17
	655. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-16	2018-01-17
	147. TATA MOTORS LTD A D R		2017-12-13	2018-01-17
	45. YY INC A D R		2017-08-21	2018-01-17
	31. COHERENT INC COM		2017-08-08	2018-01-18
	133. EPR PROPERTIES		2015-02-10	2018-01-22
	65. CHESAPEAKE UTILS CORP		2016-10-04	2018-01-23
	57. SKY WEST INC		2015-10-14	2018-01-23
	120. EPR PROPERTIES		2015-02-10	2018-01-24
	49. ADIDAS AG A D R		2016-03-15	2018-01-29
	188. ARCELORMITTAL CLASS A N Y REGISTRY		2018-01-17	2018-01-29
	61. DIAGEO PLC SPONSORED ADR NEW		2017-10-06	2018-01-29
	131. KONINKLIJKE PHILIPS ELECTRS SPONSORED ADR NEW 2000		2017-12-13	2018-01-29
	53. NOVO-NORDISK A S ADR		2016-12-14	2018-01-29
	53. RELX NV SPON A D R		2015-05-11	2018-01-29
	180. SK TELECOM CO LTD A D R		2017-10-06	2018-01-29
	35. SMITH NEPHEW P L C A D R		2017-10-31	2018-01-29
	132. SONY CORP AMERN SH NEW		2017-01-09	2018-01-29
	642. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-01-29
	140. EPR PROPERTIES		2015-02-27	2018-01-31
	161. GLOBUS MED INCA		2015-09-21	2018-01-31
	17. GLOBUS MED INCA		2017-02-13	2018-01-31
	141. EPR PROPERTIES		2015-04-30	2018-02-02
	97. OXFORD INDUSTRIES INC		2016-09-29	2018-02-02
	160. GLOBUS MED INCA		2017-02-13	2018-02-07
	91. RYMAN HOSPITALITY PROPERTIES		2014-06-27	2018-02-07
	157. GLOBUS MED INCA		2017-02-13	2018-02-09
	104. GLOBUS MED INCA		2017-02-13	2018-02-13
	93. RYMAN HOSPITALITY PROPERTIES		2014-06-27	2018-02-13
	100. RYMAN HOSPITALITY PROPERTIES		2014-06-27	2018-02-20
	15. ADIDAS AG A D R		2016-03-15	2018-02-22
	235. B H P BILLITON LIMITED A D R		2018-01-03	2018-02-22
	187. 51JOB INC A D R		2017-06-07	2018-02-22
	457. I N G GROEP NV SPONSORED ADR		2017-06-19	2018-02-22
	149. KONINKLIJKE PHILIPS ELECTRS SPONSORED ADR NEW 2000		2017-11-30	2018-02-22
	345. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-02-22
	107. ROYAL DUTCH SHELL PLC A D R		2017-11-16	2018-02-22
	172. SMITH NEPHEW P L C A D R		2017-10-19	2018-02-22
	146. SONY CORP AMERN SH NEW		2017-01-09	2018-02-22
	312. UNILEVER N V N Y SHR		2017-07-26	2018-02-22
	1000. ABBVIE INC		2015-03-23	2018-02-23
	250. ALIGN TECH INC COM		2017-01-20	2018-02-23
	500. AUTOMATIC DATA PROCESSING INC COM		1991-06-14	2018-02-23
	500. LOWE'S COS INC		2013-02-01	2018-02-23
	450. MASTERCARD INC		2009-05-08	2018-02-23
	350. THERMO ELECTRON CORP COM W/RTS ATTACHED EXP 01/29/2006		2010-10-15	2018-02-23
	250. VISA INC		2009-11-04	2018-02-23
	3000. WALGREENS BOOTS ALLIANCE INC		1991-04-17	2018-02-23
	250. ROYAL CARIBBEAN CRUISES LTD		2015-03-23	2018-02-23
	102. RYMAN HOSPITALITY PROPERTIES		2014-08-12	2018-02-26
	274. NASPERS LTD N SPON A D R		2016-12-01	2018-02-27
	115. SAP AKTIENGESELLSCHAFT SPONSORED ADR		2016-12-01	2018-02-27
	135. TRINSEO SA		2016-07-19	2018-02-27
	167. BUILDERS FIRSTSOURCE INC		2016-12-09	2018-03-02
	93. ABB LTD A D R		2017-10-31	2018-03-06
	33. ADIDAS AG A D R		2016-03-15	2018-03-06
	68. 51JOB INC A D R		2017-06-07	2018-03-06
	23. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2018-01-29	2018-03-06
	73. I N G GROEP NV SPONSORED ADR		2017-06-19	2018-03-06
	263. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-03-06
	168. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-19	2018-03-06
	264. NOVARTIS AG SPONSORED ADR		2017-09-13	2018-03-06
	26. NOVO-NORDISK A S ADR		2017-11-30	2018-03-06
	40. NOVO-NORDISK A S ADR		2017-02-06	2018-03-06
	209. RELX NV SPON A D R		2015-05-11	2018-03-06
	399. SMITH NEPHEW P L C A D R		2017-09-13	2018-03-06
	238. SONY CORP AMERN SH NEW		2017-07-26	2018-03-06
	90. SONY CORP AMERN SH NEW		2017-01-09	2018-03-06
	294. BLOOMIN BRANDS INC		2015-09-01	2018-03-09
	154. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-19	2018-03-13
	20. ICU MEDICAL INC COM		2017-01-12	2018-03-15
	64. LIGAND PHARMACEUTICALS CL B		2017-10-09	2018-03-15
	208. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-12	2018-03-16
	45. ABB LTD A D R		2017-11-30	2018-03-19
	424.99809 ARCELORMITTAL CLASS A N Y REGISTRY		2018-01-03	2018-03-19
	724.00191 ARCELORMITTAL CLASS A N Y REGISTRY		2018-01-03	2018-03-19
	38. I N G GROEP NV SPONSORED ADR		2017-06-19	2018-03-19
	141. KT CORP SP A D R		2015-10-22	2018-03-19
	168. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-03-19
	111. RELX NV SPON A D R		2015-02-02	2018-03-19
	74. SK TELECOM CO LTD A D R		2018-02-22	2018-03-19
	92. SMITH NEPHEW P L C A D R		2015-06-18	2018-03-19
	120. INTEGRA LIFESCIENCES HOLDING COM NEW		2017-02-17	2018-03-20
	104. KORN FERRY INTL		2013-12-19	2018-03-20
	172. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-12	2018-03-20
	94. ON ASSIGNMENT INC COM		2017-06-13	2018-03-21
	188. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-12	2018-03-22
	34. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2012-10-12	2018-03-23
	221. MICROSEMI CORP COM W/RIGHTS ATTACHED EXP		2017-04-20	2018-03-23
	84. ABB LTD A D R		2017-11-30	2018-04-02
	802. ARCELORMITTAL CLASS A N Y REGISTRY		2017-12-13	2018-04-02
	16. ARGENX SE A D R		2018-03-06	2018-04-02
	11. ARGENX SE A D R		2018-03-06	2018-04-02
	90. I N G GROEP NV SPONSORED ADR		2017-06-19	2018-04-02
	622. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-04-02
	44. RELX NV SPON A D R		2014-12-04	2018-04-02
	214. SK TELECOM CO LTD A D R		2018-02-22	2018-04-02
	22. SMITH NEPHEW P L C A D R		2015-07-10	2018-04-02
	57. SONY CORP AMERN SH NEW		2018-03-19	2018-04-02
	46. SONY CORP AMERN SH NEW		2017-03-10	2018-04-02
	239. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-04-02
	48. WPP PLC SPONSORED A D R		2018-02-22	2018-04-02
	113. EURONET SERVICES INC COM		2016-10-24	2018-04-04
	122. EURONET SERVICES INC COM		2014-07-02	2018-04-06
	1. SECURITY LITIGATION		1911-11-11	2018-04-06
	133. EURONET SERVICES INC COM		2014-07-02	2018-04-10
	47. GRAND CANYON EDUCATION INC		2013-11-04	2018-04-10
	108. ABB LTD A D R		2017-10-19	2018-04-11
	24. ARCELORMITTAL CLASS A N Y REGISTRY		2017-12-13	2018-04-11
	27. ARGENX SE A D R		2018-02-20	2018-04-11
	205. I N G GROEP NV SPONSORED ADR		2017-05-16	2018-04-11
	27. INTERCONTINENTAL HOTELS A D R		2018-01-29	2018-04-11
	152. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-04-11
	79. RELX NV SPON A D R		2014-12-04	2018-04-11
	42. GRAND CANYON EDUCATION INC		2013-11-04	2018-04-12
	71. SKY WEST INC		2017-03-20	2018-04-13
	87. AMN HEALTHCARE SERVICES INC		2014-01-03	2018-04-19
	58. ARGENX SE A D R		2018-03-06	2018-04-23
	106. DELEK HOLDCO INC		2015-12-17	2018-04-23
	125. EURONET SERVICES INC COM		2014-07-16	2018-04-23
	64. GRAND CANYON EDUCATION INC		2014-07-09	2018-04-23
	58. I N G GROEP NV SPONSORED ADR		2017-05-16	2018-04-23
	96. INTERCONTINENTAL HOTELS A D R		2018-01-29	2018-04-23
	187. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-01-09	2018-04-23
	457. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-05-16	2018-04-23
	48. RELX NV SPON A D R		2014-12-04	2018-04-23
	362. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-04-23
	86. DELEK HOLDCO INC		2015-12-17	2018-04-27
	7867. TURKIYE GARANTI BANKASI A S A D R		2016-12-01	2018-04-27
	84. GRAND CANYON EDUCATION INC		2014-08-15	2018-05-02
	110. EMERGENT BIOSOLUTIONS INC		2017-01-19	2018-05-03
	3250. CVS CORP COM		2012-08-21	2018-05-04
	3000. CELGENE CORP		2017-01-20	2018-05-04
	56584.362 FEDERATED INST HI YLD BD FD		2015-09-25	2018-05-04
	89. GRAND CANYON EDUCATION INC		2014-08-15	2018-05-04
	273. I N G GROEP NV SPONSORED ADR		2017-05-16	2018-05-04
	144. INTERCONTINENTAL HOTELS A D R		2018-01-17	2018-05-04
	550. MASTERCARD INC		2009-05-08	2018-05-04
	64. NOVARTIS AG SPONSORED ADR		2017-10-06	2018-05-04
	50. RELX NV SPON A D R		2014-11-20	2018-05-04
	186. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-05-04
	500. VISA INC		2009-11-04	2018-05-04
	5750. WILLIAMS COS INC COM		2009-01-29	2018-05-04
	196. YY INC A D R		2017-08-21	2018-05-04
	2000. ZIMMER HLDGS INC		1989-06-28	2018-05-04
	3250. ROYAL CARIBBEAN CRUISES LTD		2015-03-23	2018-05-04
	64. CACI INTERNATIONAL INC CL A		2016-12-02	2018-05-08
	92. DELEK HOLDCO INC		2015-12-18	2018-05-09
	14802.783 FIRST EAGLE GLOBAL A		2006-05-18	2018-05-09
	56. MERIT MEDICAL SYSTEMS INC COM		2017-02-21	2018-05-10
	177. INTEGRA LIFESCIENCES HOLDING COM NEW		2017-02-17	2018-05-11
	293. BLUCORA INC		2018-02-16	2018-05-15
	93. SKY WEST INC		2017-03-20	2018-05-15
	97. AIA GROUP LTD ADR		2017-05-03	2018-05-16
	152. ARCELORMITTAL CLASS A N Y REGISTRY		2017-12-13	2018-05-16
	67. AUTOHOME INC		2018-05-04	2018-05-16
	443. CANON INC ADR REPSTG 5 SHS		2015-05-11	2018-05-16
	21.99995 FRESENIUS MED AKTIENGESELLSCHAFT ADR		2018-01-17	2018-05-16
	10.00005 FRESENIUS MED AKTIENGESELLSCHAFT ADR		2018-01-17	2018-05-16
	86. GRAND CANYON EDUCATION INC		2015-10-01	2018-05-16
	302. INFOSYS TECHNOLOGIES LTD A D R		2018-03-06	2018-05-16
	306. NESTLE S A SPONSORED ADR REPSTG REG SH		2015-07-22	2018-05-16
	50. PANASONIC CORP A D R		2018-02-22	2018-05-16
	232. PEARSON P L C A D R		2018-04-23	2018-05-16
	104. RELX NV SPON A D R		2014-11-20	2018-05-16
	85. SMITH NEPHEW P L C A D R		2017-10-06	2018-05-16
	289. SONY CORP AMERN SH NEW		2017-03-10	2018-05-16
	746. SONY CORP AMERN SH NEW		2017-06-19	2018-05-16
	210. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-01	2018-05-18
	168. SHIRE PHARMACEUTICALS GR SPONSORED ADR		2017-05-22	2018-05-18
	119. SHIRE PHARMACEUTICALS GR SPONSORED ADR		2016-12-01	2018-05-18
	96. EVERCORE PARTNERS INC		2017-08-02	2018-05-22
	87. SKY WEST INC		2015-10-14	2018-05-22
	106. BOISE CASCADE CO		2014-01-24	2018-05-25
	338. CARRIZO OIL & GAS INC		2015-06-04	2018-05-25
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	853. ENERSIS SA SPONSORED ADR		2018-05-04	2018-05-30
	122. NESTLE S A SPONSORED ADR REPSTG REG SH		2015-08-17	2018-05-30
	608. PANASONIC CORP A D R		2018-02-22	2018-05-30
	109. RELX NV SPON A D R		2014-11-20	2018-05-30
	303. SMITH NEPHEW P L C A D R		2017-09-01	2018-05-30
	186. SMITH NEPHEW P L C A D R		2015-09-08	2018-05-30
	16. SMITH NEPHEW P L C A D R		2015-07-27	2018-05-30
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	179. YY INC A D R		2017-06-07	2018-05-30
	1. SECURITY LITIGATION		1911-11-11	2018-05-30
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	343. CALLAWAY GOLF CO		2017-12-06	2018-06-04
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	51. FIVE BELOW		2017-06-23	2018-06-08
	49. OXFORD INDUSTRIES INC		2016-09-29	2018-06-08
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	510. AIA GROUP LTD ADR		2017-03-23	2018-06-12
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	66. INTERCONTINENTAL HOTELS A D R		2018-02-22	2018-06-12
	220. RELX NV SPON A D R		2014-08-26	2018-06-12
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	1. AMERICAN INTL GROUP INC		1911-11-11	2018-07-02
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	113. OMNICELL INC COM		2017-06-28	2018-07-10
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	69. POSCO A D R		2016-11-04	2018-08-23
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	186. SMITH NEPHEW P L C A D R		2017-06-07	2018-08-23
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	263. BIOTELEMETRY INC		2017-07-18	2018-09-04
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	80. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-09-07
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	173. BIOTELEMETRY INC		2017-08-10	2018-09-12
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	94. OMNICELL INC COM		2016-01-28	2018-09-12
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	463. BIOTELEMETRY INC		2017-06-30	2018-09-14
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	98. OMNICELL INC COM		2016-03-16	2018-09-14
	1. WEATHERFORD INTERNATIONL LTD		1911-11-11	2018-09-14
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	52. GLAXO WELLCOME PLC SPONSORED ADR		2018-07-31	2018-09-20
	298. HOPE BANCORP INC		2016-11-11	2018-09-20
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	116. OMNICELL INC COM		2016-03-16	2018-09-20
	94. RELX PLC SPON A D R		2014-08-26	2018-09-20
	41. RELX PLC SPON A D R		2018-06-25	2018-09-20
	114. SMITH NEPHEW P L C A D R		2015-08-27	2018-09-20
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	439. HOPE BANCORP INC		2016-08-24	2018-09-25
	134. INTEGRA LIFESCIENCES HOLDING COM NEW		2017-09-22	2018-09-26
	31. OMNICELL INC COM		2016-03-16	2018-09-26
	116. OMNICELL INC COM		2017-11-21	2018-09-26
	456. HOPE BANCORP INC		2014-05-20	2018-09-28
	145. OMNICELL INC COM		2017-11-21	2018-09-28
	84. DAVE & BUSTERS ENTMT INC		2017-09-22	2018-10-03
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	210. AIA GROUP LTD ADR		2017-04-05	2018-10-05
	131. DR REDDYS LABORATORIES LTD A D R		2018-08-23	2018-10-05
	165. INTEGRA LIFESCIENCES HOLDING COM NEW		2017-02-23	2018-10-05
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	506. IRIDIUM COMMUNICATION INC		2015-04-17	2018-10-05
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	101. MERIT MEDICAL SYSTEMS INC COM		2017-02-13	2018-10-05
	134. SMITH NEPHEW P L C A D R		2017-08-07	2018-10-05
	84. TALEND SA A D R		2018-08-10	2018-10-05
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	236. INTEGRA LIFESCIENCES HOLDING COM NEW		2017-02-23	2018-10-09
	131. TRINSEO SA		2016-07-19	2018-10-10
	128. EAGLE BANCORP INC		2015-09-21	2018-10-12
	322. AIA GROUP LTD ADR		2017-04-05	2018-10-17
	239. CALLAWAY GOLF CO		2017-09-15	2018-10-17
	79. CANON INC ADR REPSTG 5 SHS		2014-06-10	2018-10-17
	214. FERRO CORPORATION		2017-11-30	2018-10-17
	120. GLAXO WELLCOME PLC SPONSORED ADR		2018-07-03	2018-10-17
	99. HONDA MOTOR LTD ADR COMMON 50YEN		2018-04-23	2018-10-17
	702. MELCO CROWN ENTERTAINMENT LMTD A D R		2017-07-13	2018-10-17
	331. RELX PLC SPON A D R		2014-09-10	2018-10-17
	64. SONY CORP AMERN SH NEW		2017-08-21	2018-10-17
	21. SONY CORP AMERN SH NEW		2018-09-20	2018-10-17
	78. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-10-17
	184. ACADIA HEALTHCARE CO INC		2015-10-01	2018-10-19
	78. ENERSYS		2017-10-17	2018-10-19
	413. ACADIA HEALTHCARE CO INC		2014-08-20	2018-10-24
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	77. ALLETE INC		2017-04-21	2018-10-25
	112. IDACORP INC		2017-04-18	2018-10-25
	147. NEXSTAR BROADCASTING GROUP A		2017-03-27	2018-10-25
	40. EMERGENT BIOSOLUTIONS INC		2014-02-06	2018-10-26
	242. US SILICA HOLDINGS INC		2018-01-10	2018-10-26
	542. INTEGRATED DEVICE TECHNOLOGY		2014-10-07	2018-10-29
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	175. AIA GROUP LTD ADR		2017-04-21	2018-10-30
	154. ACADIA HEALTHCARE CO INC		2014-08-18	2018-10-30
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	500. CANON INC ADR REPSTG 5 SHS		2014-05-19	2018-10-30
	565. GLAXO WELLCOME PLC SPONSORED ADR		2018-07-31	2018-10-30
	79. IDACORP INC		2017-04-04	2018-10-30
	105. KONINKLIJKE PHILIPS ELECTRS SPONSORED ADR NEW 2000		2018-08-23	2018-10-30
	205. ACADIA HEALTHCARE CO INC		2014-08-18	2018-10-31
	62. ALLETE INC		2017-04-21	2018-10-31
	436. CALLAWAY GOLF CO		2017-09-15	2018-10-31
	510. CALLON PETE CO DEL		2018-04-20	2018-10-31
	421. IRIDIUM COMMUNICATION INC		2015-04-17	2018-10-31
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	131. SINCLAIR BROADCAST GROUP INC A		2018-04-10	2018-10-31
	440. US SILICA HOLDINGS INC		2018-01-10	2018-11-02
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	1150. MOHAWK INDS INC COM		2017-05-02	2018-11-05
	2500. SCHLUMBERGER LTD ISIN #AN8068571086		1986-07-30	2018-11-05
	2650. U S BANCORP		1991-07-03	2018-11-05
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	102. IDACORP INC		2017-04-04	2018-11-06
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	88. EMERGENT BIOSOLUTIONS INC		2014-02-06	2018-11-07
	183. GREAT WESTERN BANCORP INC		2016-09-02	2018-11-07
	1. MERCK & CO INC		1911-11-11	2018-11-07
	47. OXFORD INDUSTRIES INC		2016-10-13	2018-11-07
	63. ETSY INC		2018-08-31	2018-11-08
	409. IRIDIUM COMMUNICATION INC		2015-04-17	2018-11-08
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	368. ARRIS INTERNATIONAL PLC		2018-09-10	2018-11-09
	348. ARRIS INTERNATIONAL PLC		2018-08-31	2018-11-09
	8. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-01	2018-11-12
	345. US SILICA HOLDINGS INC		2017-12-26	2018-11-12
	310. WPP PLC SPONSORED A D R		2016-12-01	2018-11-12
	250. ABB LTD A D R		2017-11-16	2018-11-13
	196. ABB LTD A D R		2017-06-30	2018-11-13
	161. ARCELORMITTAL CLASS A N Y REGISTRY		2018-10-05	2018-11-13
	349. CANON INC ADR REPSTG 5 SHS		2014-10-03	2018-11-13
	529. DAITO TRUST CONS SPN A D R		2018-01-09	2018-11-13
	167. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-01	2018-11-13
	223. FINISAR CORPORATION		2017-12-19	2018-11-13
	127. GLAXO WELLCOME PLC SPONSORED ADR		2018-07-31	2018-11-13
	81. RELX PLC SPON A D R		2014-10-28	2018-11-13
	144. ROYAL DUTCH SHELL PLC A D R		2018-10-05	2018-11-13
	366. STMICROELECTRONICS N V SHS N Y REGISTRY		2017-05-26	2018-11-13
	38. DIODES INC		2018-09-14	2018-11-14
	64. F C B FINANCIAL HOLDINGS INC		2017-02-22	2018-11-15
	83. FIVE BELOW		2017-07-06	2018-11-15
	423. US SILICA HOLDINGS INC		2017-12-26	2018-11-15
	40. HELEN OF TROY LTD		2017-02-14	2018-11-15
	258. TRINSEO SA		2016-07-22	2018-11-15
	48. FIRST INTERSTATE BANCSYS MT		2016-12-09	2018-11-19
	687. GREAT WESTERN BANCORP INC		2015-12-08	2018-11-19
	244. UNITED COMMUNITY BANKS INC		2017-03-15	2018-11-19
	395. ABB LTD A D R		2016-05-18	2018-11-29
	76. BP PLC SPONSORED ADR		2018-07-31	2018-11-29
	381. CANON INC ADR REPSTG 5 SHS		2014-04-04	2018-11-29
	55. CHINA PETROLEUM CHEM A D R		2018-05-16	2018-11-29
	103. EQUINOR ASA SPON ADR		2018-07-09	2018-11-29
	95. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2018-01-05	2018-11-29
	572. GLAXO WELLCOME PLC SPONSORED ADR		2018-07-31	2018-11-29
	316. IRIDIUM COMMUNICATION INC		2015-05-01	2018-11-29
	290. RELX PLC SPON A D R		2014-01-15	2018-11-29
	72.99739 TEVA PHARMACEUTICAL INDS LTD ADR		2018-06-12	2018-11-29
	113.00261 TEVA PHARMACEUTICAL INDS LTD ADR		2018-06-12	2018-11-29
	484. HORIZON PHARMA PLC		2017-06-22	2018-11-30
	238. AMN HEALTHCARE SERVICES INC		2017-06-06	2018-12-04
	992. CALLON PETE CO DEL		2018-01-03	2018-12-04
	372. CARRIZO OIL & GAS INC		2018-06-07	2018-12-04
	361. FINISAR CORPORATION		2017-11-02	2018-12-07
	693. GREAT WESTERN BANCORP INC		2015-11-13	2018-12-07
	1000. FNB CORP		2018-01-10	2018-12-10
	465. F C B FINANCIAL HOLDINGS INC		2016-04-27	2018-12-10
	133. ABB LTD A D R		2016-05-18	2018-12-11
	110. BP PLC SPONSORED ADR		2018-07-31	2018-12-11
	573. CANON INC ADR REPSTG 5 SHS		2014-04-04	2018-12-11
	160. CHINA PETROLEUM CHEM A D R		2018-05-04	2018-12-11
	104. EQUINOR ASA SPON ADR		2018-06-09	2018-12-11
	82. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2018-01-29	2018-12-11
	53. HONDA MOTOR LTD ADR COMMON 50YEN		2018-03-27	2018-12-11
	60. KONINKLIJKE PHILIPS ELECTRS SPONSORED ADR NEW 2000		2018-08-26	2018-12-11
	8. ORIX CORP SPONS A D R		2018-01-29	2018-12-11
	362. RELX PLC SPON A D R		2014-02-07	2018-12-11
	36. SONY CORP AMERN SH NEW		2018-11-29	2018-12-11
	416. TEVA PHARMACEUTICAL INDS LTD ADR		2018-06-12	2018-12-11
	261. TRINSEO SA		2016-07-29	2018-12-11
	1574. AIR LIQUIDE ADR		2016-12-01	2018-12-12
	682. BBA AVIATION PLC UNSPON A D R		2016-12-01	2018-12-12
	538. CSL LIMITED A D R		2016-12-01	2018-12-12
	251. IRIDIUM COMMUNICATION INC		2015-05-01	2018-12-12
	56. VANDA PHARMACEUTICALS INC		2018-08-09	2018-12-12
	267. FIRST INTERSTATE BANCSYS MT		2016-12-01	2018-12-13
	478. F C B FINANCIAL HOLDINGS INC		2016-04-29	2018-12-18
	285. FIRST INTERSTATE BANCSYS MT		2016-11-23	2018-12-18
	188. LEGACYTEXAS FINANCIAL GROUP		2017-03-20	2018-12-18
	.5 ITAU UNIBANCO HOLDINGS SA A D R		2016-12-01	2018-12-19
	318. IRIDIUM COMMUNICATION INC		2015-05-01	2018-12-26
	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	1,003	883	120
b	5,458	4,859	599
c	4,414	4,522	-108
d	8,490	1,592	6,898
e	2,869	1,977	892
	1,777	1,771	6
	2,746	2,880	-134
	1,367	997	370
	7,708	8,326	-618
	9,747	7,943	1,804
	7,793	7,907	-114
	20,051	15,057	4,994
	2,363	1,780	583
	3,939	2,701	1,238
	1,024	1,061	-37
	2,287	1,450	837
	2,659	2,177	482
	4,669	4,504	165
	11,754	13,102	-1,348
	8,979	4,684	4,295
	10,152	8,160	1,992
	299	53	246
	2,665	2,649	16
	5,110	5,103	7
	13,236	7,486	5,750
	3,626	3,743	-117
	7,717	8,462	-745
	4,102	3,376	726
	6,884	7,934	-1,050
	3,891	4,858	-967
	1,126	905	221
	10,115	12,549	-2,434
	10,368	8,270	2,098
	8,680	4,957	3,723
	5,325	4,361	964
	5,646	5,348	298
	5,597	3,275	2,322
	10,379	6,113	4,266
	15,633	10,990	4,643
	4,854	4,596	258
	5,929	3,433	2,496
	10,043	7,015	3,028
	8,030	8,342	-312
	4,972	3,829	1,143
	3,104	1,095	2,009
	7,384	7,233	151
	5,573	3,245	2,328
	7,034	6,871	163
	8,665	8,192	473
	5,449	5,087	362
	3,038	1,919	1,119
	1,166	844	322
	4,961	4,445	516
	1,286	1,340	-54
	6,369	3,957	2,412
	15,430	10,558	4,872
	8,231	8,257	-26
	7,425	3,704	3,721
	784	457	327
	8,144	7,976	168
	7,711	6,640	1,071
	7,201	4,305	2,896
	6,389	4,525	1,864
	6,826	4,224	2,602
	4,640	2,798	1,842
	6,262	4,480	1,782
	6,940	4,816	2,124
	1,657	846	811
	11,164	11,195	-31
	12,937	9,008	3,929
	8,267	8,132	135
	5,761	5,775	-14
	9,626	5,675	3,951
	6,718	6,712	6
	6,135	6,573	-438
	7,283	4,430	2,853
	16,494	17,962	-1,468
	117,667	60,918	56,749
	65,665	22,898	42,767
	58,329	3,240	55,089
	48,580	19,542	29,038
	78,663	8,301	70,362
	73,754	17,054	56,700
	30,528	4,962	25,566
	209,339	26,650	182,689
	32,487	19,749	12,738
	7,259	4,898	2,361
	15,428	7,957	7,471
	12,010	9,412	2,598
	11,082	6,947	4,135
	3,545	2,057	1,488
	2,263	2,409	-146
	3,555	1,860	1,695
	5,203	3,020	2,183
	1,188	1,313	-125
	1,302	1,261	41
	6,934	4,326	2,608
	11,315	3,219	8,096
	21,525	22,630	-1,105
	1,322	1,344	-22
	2,033	1,682	351
	4,298	3,328	970
	14,567	14,773	-206
	11,965	9,564	2,401
	4,525	2,608	1,917
	7,076	6,114	962
	10,245	2,871	7,374
	5,053	2,763	2,290
	11,417	9,085	2,332
	13,777	3,820	9,957
	1,079	1,159	-80
	13,557	14,663	-1,106
	23,095	25,357	-2,262
	660	657	3
	1,889	1,946	-57
	4,573	2,764	1,809
	2,290	1,763	527
	1,813	1,839	-26
	3,478	3,449	29
	6,758	5,339	1,419
	5,240	2,679	2,561
	11,491	3,150	8,341
	7,995	5,077	2,918
	12,383	3,443	8,940
	2,228	623	1,605
	14,481	10,849	3,632
	1,977	2,164	-187
	25,605	27,192	-1,587
	1,284	1,335	-51
	883	917	-34
	1,514	1,555	-41
	18,007	10,232	7,775
	910	696	214
	5,220	5,317	-97
	838	823	15
	2,744	2,766	-22
	2,214	1,461	753
	5,247	3,930	1,317
	3,791	4,547	-756
	8,164	8,959	-795
	8,797	6,963	1,834
	153		153
	9,848	6,457	3,391
	5,032	2,191	2,841
	2,459	2,776	-317
	771	765	6
	2,168	2,259	-91
	3,501	3,504	-3
	1,635	1,818	-183
	4,447	2,500	1,947
	1,701	1,250	451
	4,581	1,951	2,630
	3,880	2,563	1,317
	5,645	1,273	4,372
	5,141	4,838	303
	4,900	2,599	2,301
	9,580	5,963	3,617
	7,023	2,890	4,133
	1,014	991	23
	5,883	6,464	-581
	5,830	3,076	2,754
	14,248	10,447	3,801
	1,026	759	267
	7,802	5,953	1,849
	4,043	2,025	2,018
	17,936	15,970	1,966
	8,672	3,607	5,065
	5,556	3,284	2,272
	202,447	148,812	53,635
	259,696	339,730	-80,034
	550,000	543,837	6,163
	9,370	3,428	5,942
	4,507	4,665	-158
	9,143	9,561	-418
	103,068	10,146	92,922
	4,881	5,485	-604
	1,055	773	282
	4,241	3,059	1,182
	63,714	9,924	53,790
	149,554	67,962	81,592
	18,491	14,954	3,537
	232,024	35,310	196,714
	346,686	256,733	89,953
	10,105	8,448	1,657
	4,596	2,104	2,492
	874,993	703,233	171,760
	2,867	1,580	1,287
	11,407	7,796	3,611
	9,754	9,277	477
	5,161	3,300	1,861
	3,603	2,745	858
	5,441	4,845	596
	7,085	6,183	902
	15,156	15,749	-593
	1,109	1,284	-175
	504	592	-88
	9,422	3,240	6,182
	5,305	5,456	-151
	23,551	24,560	-1,009
	723	780	-57
	2,842	2,797	45
	2,197	1,594	603
	3,035	3,107	-72
	13,789	9,334	4,455
	35,592	29,603	5,989
	27,412	15,950	11,462
	28,451	30,351	-1,900
	20,153	20,347	-194
	10,634	7,508	3,126
	5,076	2,439	2,637
	4,955	3,303	1,652
	7,970	16,959	-8,989
	4,563	1,330	3,233
	593	661	-68
	6,268	4,743	1,525
	6,941	7,288	-347
	1,287	1,351	-64
	1,761	1,581	180
	8,403	9,338	-935
	9,312	9,585	-273
	8,293	9,056	-763
	2,329	1,654	675
	10,979	11,061	-82
	6,740	6,731	9
	580	595	-15
	921	992	-71
	19,473	11,427	8,046
	120		120
	4,062	2,530	1,532
	6,629	4,949	1,680
	4,217	2,810	1,407
	5,106	2,477	2,629
	4,450	3,323	1,127
	8,371	6,817	1,554
	4,100	1,658	2,442
	9,056	4,421	4,635
	7,442	2,038	5,404
	18,594	13,355	5,239
	22,232	22,187	45
	4,365	4,281	84
	4,882	3,301	1,581
	39,211	38,452	759
	3,696	3,378	318
	4,737	1,286	3,451
	6,327	2,550	3,777
	4,433	5,454	-1,021
	5,049	3,363	1,686
	5,571	5,807	-236
	11,716	10,846	870
	1,562	1,798	-236
	2,083	2,398	-315
	8,496	7,849	647
	4,861	5,699	-838
	634	649	-15
	1,375	1,532	-157
	7,114	7,231	-117
	5,752	6,024	-272
	401	498	-97
	2,276	2,387	-111
	400	404	-4
	6,631	6,709	-78
	3,569	2,412	1,157
	6,306	6,925	-619
	4,756	5,291	-535
	5,101	3,424	1,677
	10,125	6,698	3,427
	14,488	15,876	-1,388
	5,926	4,493	1,433
	13,989	22,126	-8,137
	4,932	6,183	-1,251
	7,341	4,998	2,343
	20		20
	145		145
	17		17
	150		150
	1,487		1,487
	6,015	6,087	-72
	4,214	3,808	406
	5,552	2,625	2,927
	1,216	1,423	-207
	14,892	15,457	-565
	10,481	11,043	-562
	8,957	10,356	-1,399
	4,465	5,314	-849
	2,130	2,279	-149
	349	239	110
	6,221	5,020	1,201
	5,135	4,310	825
	54		54
	3,820	2,549	1,271
	8,058	3,220	4,838
	8		8
	5,546	5,834	-288
	2,349	2,316	33
	4,231	5,736	-1,505
	6,151	6,052	99
	5,275	5,514	-239
	7,922	6,416	1,506
	4,987	3,614	1,373
	7,692	7,475	217
	27,182	11,920	15,262
	3,149	2,197	952
	1,853	1,375	478
	8,993	9,191	-198
	249,993	190,143	59,850
	5,361	5,477	-116
	6,198	7,819	-1,621
	490	622	-132
	147	137	10
	516	509	7
	30,835	32,423	-1,588
	8,315	8,303	12
	4,939	5,237	-298
	1,528	1,622	-94
	4,397	3,121	1,276
	180,404	23,542	156,862
	7,374	5,420	1,954
	64,019	18,481	45,538
	15,061	9,511	5,550
	70,343	6,457	63,886
	4,696	3,344	1,352
	226,692	175,220	51,472
	325,368	76,501	248,867
	62,171	8,931	53,240
	9,130	6,791	2,339
	7,754	4,520	3,234
	22,909	16,876	6,033
	5,755	4,716	1,039
	4,324	4,628	-304
	1,078	1,363	-285
	1,832	2,125	-293
	11,229	13,643	-2,414
	8,857	4,906	3,951
	9,014	12,466	-3,452
	6,215	5,968	247
	8,991	9,662	-671
	12,918	7,581	5,337
	7,853	3,117	4,736
	4,569	2,834	1,735
	5,132	4,754	378
	10,644	5,996	4,648
	3,126	2,713	413
	9,551	6,731	2,820
	7,713	2,988	4,725
	6,443	5,388	1,055
	4,239	4,504	-265
	18,946	25,425	-6,479
	3,432	3,410	22
	4,832	3,631	1,201
	664	448	216
	6,680	6,636	44
	5,746	5,985	-239
	7,691	2,962	4,729
	22,183	17,452	4,731
	11,868	4,993	6,875
	4,845	2,585	2,260
	11,603	4,836	6,767
	7,525	2,911	4,614
	16,024	9,096	6,928
	4,382	1,781	2,601
	10,035	4,254	5,781
	7,388	3,934	3,454
	46	51	-5
	7,228	4,084	3,144
	17,865	8,886	8,979
	3,628	5,416	-1,788
	11,531	12,642	-1,111
	7,371	7,135	236
	1,486	1,316	170
	5,879	4,212	1,667
	9,371	6,088	3,283
	9,556	6,657	2,899
	7,834	5,004	2,830
	10,587	5,804	4,783
	18,208	7,588	10,620
	6,543	2,588	3,955
	6,150	3,400	2,750
	28,707	15,319	13,388
	8,608	7,125	1,483
	6,925	2,672	4,253
	19		19
	348,428	377,769	-29,341
	7,886	4,875	3,011
	13,063	4,897	8,166
	6,263	6,944	-681
	12,947	8,788	4,159
	1,673	1,291	382
	11,629	12,041	-412
	8,060	9,783	-1,723
	2,145	2,070	75
	2,057	2,163	-106
	5,038	5,408	-370
	9,973	6,730	3,243
	680	701	-21
	14,919	15,167	-248
	39		39
	8,072	3,162	4,910
	1,905	1,403	502
	831	870	-39
	4,216	4,018	198
	9,722	6,018	3,704
	10,969	11,453	-484
	2,246	2,363	-117
	1,861	4,626	-2,765
	8,631	7,539	1,092
	9,231	4,044	5,187
	10		10
	7,217	7,233	-16
	8,628	6,572	2,056
	2,166	845	1,321
	8,106	5,723	2,383
	7,329	6,930	399
	10,433	6,591	3,842
	5,460	4,492	968
	8,669	7,562	1,107
	10,670	5,698	4,972
	6,827	5,424	1,403
	4,221	4,596	-375
	10,051	7,245	2,806
	1,677	1,783	-106
	10,272	5,487	4,785
	27,737	29,674	-1,937
	6,484	2,849	3,635
	4,816	4,784	32
	5,630	4,890	740
	365		365
	13,803	11,790	2,013
	14,341	9,921	4,420
	8,380	7,447	933
	6,256	5,520	736
	10,166	8,314	1,852
	5,729	3,376	2,353
	2,506	2,595	-89
	3,899	5,407	-1,508
	4,752	5,082	-330
	2,724	3,388	-664
	12,773	15,240	-2,467
	6,583	4,906	1,677
	3,705	2,466	1,239
	1,216	1,241	-25
	1,353	1,283	70
	7,143	11,473	-4,330
	6,251	5,303	948
	16,539	21,963	-5,424
	4,384	4,586	-202
	5,627	4,408	1,219
	5,871	5,419	452
	10,829	9,639	1,190
	10,707	10,280	427
	2,405	913	1,492
	3,407	9,075	-5,668
	25,012	8,321	16,691
	40		40
	4,521	5,911	-1,390
	5,189	4,515	674
	6,349	7,694	-1,345
	460	225	235
	14,306	16,324	-2,018
	22,182	23,498	-1,316
	7,550	6,698	852
	3,748	4,848	-1,100
	8,404	10,191	-1,787
	4,611	4,337	274
	9,417	6,155	3,262
	5,183	7,314	-2,131
	8,219	4,538	3,681
	449,501	22,784	426,717
	3,749	3,919	-170
	6,295	16,456	-10,161
	198,319	187,845	10,474
	146,964	266,712	-119,748
	129,650	19,921	109,729
	139,003	50,945	88,058
	332,050	353,855	-21,805
	72,346	85,290	-12,944
	8,526	8,438	88
	100,105	99,373	732
	9,842	8,500	1,342
	100,150	109,174	-9,024
	6,131	2,008	4,123
	6,621	6,976	-355
	3,565		3,565
	4,167	3,110	1,057
	3,405	3,075	330
	8,772	4,258	4,514
	40,755	41,582	-827
	11,268	9,599	1,669
	10,656	9,058	1,598
	980	608	372
	4,755	12,567	-7,812
	16,898	32,358	-15,460
	4,904	6,342	-1,438
	3,844	4,887	-1,043
	3,877	4,804	-927
	9,889	11,160	-1,271
	17,499	25,798	-8,299
	20,422	12,684	7,738
	4,694	5,000	-306
	5,238	5,282	-44
	1,651	1,191	460
	8,838	9,645	-807
	5,070	6,019	-949
	1,268	1,282	-14
	2,449	3,191	-742
	9,840	4,007	5,833
	6,307	13,479	-7,172
	5,364	3,886	1,478
	12,330	13,176	-846
	2,062	1,988	74
	25,231	22,371	2,860
	6,161	7,053	-892
	8,042	9,125	-1,083
	3,100	3,416	-316
	10,813	11,923	-1,110
	4,684	5,653	-969
	2,419	2,824	-405
	3,938	5,444	-1,506
	23,502	23,175	327
	7,328	3,253	4,075
	6,151	4,187	1,964
	1,601	1,737	-136
	2,479	2,688	-209
	9,771	5,743	4,028
	14,820	9,067	5,753
	8,795	13,069	-4,274
	6,642	9,467	-2,825
	8,127	7,267	860
	23,777	19,662	4,115
	11,006	14,565	-3,559
	16,572	18,062	-1,490
	2,552	2,730	-178
	4,355	4,945	-590
	15,776	17,806	-2,030
	13,163	15,295	-2,132
	2,390	3,057	-667
	2,903	4,377	-1,474
	1,432	1,978	-546
	2,183	3,199	-1,016
	618	798	-180
	7,373	5,046	2,327
	1,859	1,875	-16
	7,682	9,897	-2,215
	12,174	13,164	-990
	38,126	37,253	873
	9,333	11,342	-2,009
	35,370	19,766	15,604
	5,446	2,583	2,863
	1,511	1,223	288
	10,242	10,581	-339
	16,065	16,633	-568
	10,761	10,702	59
	6,388	8,153	-1,765
	4	3	1
	5,441	3,272	2,169
			524,297

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			120
b			599
c			-108
d			6,898
e			892
			6
			-134
			370
			-618
			1,804
			-114
			4,994
			583
			1,238
			-37
			837
			482
			165
			-1,348
			4,295
			1,992
			246
			16
			7
			5,750
			-117
			-745
			726
			-1,050
			-967
			221
			-2,434
			2,098
			3,723
			964
			298
			2,322
			4,266
			4,643
			258
			2,496
			3,028
			-312
			1,143
			2,009
			151
			2,328
			163
			473
			362
			1,119
			322
			516
			-54
			2,412
			4,872
			-26
			3,721
			327
			168
			1,071
			2,896
			1,864
			2,602
			1,842
			1,782
			2,124
			811
			-31
			3,929
			135
			-14
			3,951
			6
			-438
			2,853
			-1,468
			56,749
			42,767
			55,089
			29,038
			70,362
			56,700
			25,566
			182,689
			12,738
			2,361
			7,471
			2,598
			4,135
			1,488
			-146
			1,695
			2,183
			-125
			41
			2,608
			8,096
			-1,105
			-22
			351
			970
			-206
			2,401
			1,917
			962
			7,374
			2,290
			2,332
			9,957
			-80
			-1,106
			-2,262
			3
			-57
			1,809
			527
			-26
			29
			1,419
			2,561
			8,341
			2,918
			8,940
			1,605
			3,632
			-187
			-1,587
			-51
			-34
			-41
			7,775
			214
			-97
			15
			-22
			753
			1,317
			-756
			-795
			1,834
			153
			3,391
			2,841
			-317
			6
			-91
			-3
			-183
			1,947
			451
			2,630
			1,317
			4,372
			303
			2,301
			3,617
			4,133
			23
			-581
			2,754
			3,801
			267
			1,849
			2,018
			1,966
			5,065
			2,272
			53,635
			-80,034
			6,163
			5,942
			-158
			-418
			92,922
			-604
			282
			1,182
			53,790
			81,592
			3,537
			196,714
			89,953
			1,657
			2,492
			171,760
			1,287
			3,611
			477
			1,861
			858
			596
			902
			-593
			-175
			-88
			6,182
			-151
			-1,009
			-57
			45
			603
			-72
			4,455
			5,989
			11,462
			-1,900
			-194
			3,126
			2,637
			1,652
			-8,989
			3,233
			-68
			1,525
			-347
			-64
			180
			-935
			-273
			-763
			675
			-82
			9
			-15
			-71
			8,046
			120
			1,532
			1,680
			1,407
			2,629
			1,127
			1,554
			2,442
			4,635
			5,404
			5,239
			45
			84
			1,581
			759
			318
			3,451
			3,777
			-1,021
			1,686
			-236
			870
			-236
			-315
			647
			-838
			-15
			-157
			-117
			-272
			-97
			-111
			-4
			-78
			1,157
			-619
			-535
			1,677
			3,427
			-1,388
			1,433
			-8,137
			-1,251
			2,343
			20
			145
			17
			150
			1,487
			-72
			406
			2,927
			-207
			-565
			-562
			-1,399
			-849
			-149
			110
			1,201
			825
			54
			1,271
			4,838
			8
			-288
			33
			-1,505
			99
			-239
			1,506
			1,373
			217
			15,262
			952
			478
			-198
			59,850
			-116
			-1,621
			-132
			10
			7
			-1,588
			12
			-298
			-94
			1,276
			156,862
			1,954
			45,538
			5,550
			63,886
			1,352
			51,472
			248,867
			53,240
			2,339
			3,234
			6,033
			1,039
			-304
			-285
			-293
			-2,414
			3,951
			-3,452
			247
			-671
			5,337
			4,736
			1,735
			378
			4,648
			413
			2,820
			4,725
			1,055
			-265
			-6,479
			22
			1,201
			216
			44
			-239
			4,729
			4,731
			6,875
			2,260
			6,767
			4,614
			6,928
			2,601
			5,781
			3,454
			-5
			3,144
			8,979
			-1,788
			-1,111
			236
			170
			1,667
			3,283
			2,899
			2,830
			4,783
			10,620
			3,955
			2,750
			13,388
			1,483
			4,253
			19
			-29,341
			3,011
			8,166
			-681
			4,159
			382
			-412
			-1,723
			75
			-106
			-370
			3,243
			-21
			-248
			39
			4,910
			502
			-39
			198
			3,704
			-484
			-117
			-2,765
			1,092
			5,187
			10
			-16
			2,056
			1,321
			2,383
			399
			3,842
			968
			1,107
			4,972
			1,403
			-375
			2,806
			-106
			4,785
			-1,937
			3,635
			32
			740
			365
			2,013
			4,420
			933
			736
			1,852
			2,353
			-89
			-1,508
			-330
			-664
			-2,467
			1,677
			1,239
			-25
			70
			-4,330
			948
			-5,424
			-202
			1,219
			452
			1,190
			427
			1,492
			-5,668
			16,691
			40
			-1,390
			674
			-1,345
			235
			-2,018
			-1,316
			852
			-1,100
			-1,787
			274
			3,262
			-2,131
			3,681
			426,717
			-170
			-10,161
			10,474
			-119,748
			109,729
			88,058
			-21,805
			-12,944
			88
			732
			1,342
			-9,024
			4,123
			-355
			3,565
			1,057
			330
			4,514
			-827
			1,669
			1,598
			372
			-7,812
			-15,460
			-1,438
			-1,043
			-927
			-1,271
			-8,299
			7,738
			-306
			-44
			460
			-807
			-949
			-14
			-742
			5,833
			-7,172
			1,478
			-846
			74
			2,860
			-892
			-1,083
			-316
			-1,110
			-969
			-405
			-1,506
			327
			4,075
			1,964
			-136
			-209
			4,028
			5,753
			-4,274
			-2,825
			860
			4,115
			-3,559
			-1,490
			-178
			-590
			-2,030
			-2,132
			-667
			-1,474
			-546
			-1,016
			-180
			2,327
			-16
			-2,215
			-990
			873
			-2,009
			15,604
			2,863
			288
			-339
			-568
			59
			-1,765
			1
			2,169

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	3,424,963
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	2,816,251	55,345,283	0.050885
2016	2,553,227	50,222,502	0.050838
2015	2,832,571	51,764,113	0.054721
2014	2,876,266	48,700,880	0.05906
2013	2,194,307	50,746,870	0.04324

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

0.258744

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 ......

0.051749

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

66,414,340

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

3,436,876

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

41,888

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

3,478,764

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

3,327,182

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	83,775
	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	83,775
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	83,775
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	87,102
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	87,102
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	3,327
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax3,327	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?........

Yes

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

Yes

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)

IL, WI

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

The books are in care of bullet

US BANK NA Telephone no. bullet

(630) 390-3776

Located at bullet

1026 OGDEN AVELISLEIL ZIP+4 bullet

60532

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
US BANK	TRUSTEE 40	238,540
1026 OGDEN AVE LISLE,IL60532	TRUSTEE 40	238,540
STEVEN P DHEIN	CHIEF ADVISOR 40	82,780	10,800
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	CHIEF ADVISOR 40	82,780	10,800
DAVID H COFRIN	CO-ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	CO-ADVISOR 1	0
ROBERT HOWE	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 1	0
JOE NEIDENBACH	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 1	0
CINDY FOLLICK	SECRETARY 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	SECRETARY 1	0
ELLEN WEIDNER	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 1	0
MARY ANN HARN COFRIN	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 1	0
SAM GOFORTH	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 1	0
ED POPPELL	ADVISOR 1	0
2420 NICOLET DR MAC 212 GREEN BAY,WI543117001	ADVISOR 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


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...................

66,052,745

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

1,372,981

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

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

67,425,726

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.........................

67,425,726

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

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

1,011,386

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

66,414,340

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

3,320,717

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....................

3,320,717

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

83,775

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

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

83,775

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

3,236,942

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

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

3,236,942

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

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

3,236,942

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 ..........

3,327,182

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

3,327,182

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.................

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

3,327,182

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					3,236,942
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......	547,793
c From 2015......	321,961
d From 2016......	58,723
e From 2017......	116,984
fTotal of lines 3a through e........		1,045,461
4Qualifying distributions for 2018 from Part
XII, line 4: $ 3,327,182
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.....					3,236,942
e Remaining amount distributed out of corpus		90,240
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		1,135,701
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 ......		1,135,701
10 Analysis of line 9:
a Excess from 2014....	547,793
b Excess from 2015....	321,961
c Excess from 2016....	58,723
d Excess from 2017....	116,984
e Excess from 2018....	90,240

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

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
BROWN COUNTY HISTORICAL SOCIETY 1008 SOUTH MONROE AVENUE GREEN BAY,WI54301	NONE	PC	GENERAL OPERATING	15,000
UNITED WAY OF DOOR COUNTY 57 N 3RD AVENUE STURGEON BAY,WI54235	NONE	PC	GENERAL OPERATING	60,500
ALACHUA CONSERVATION TRUST INC 7204 SE CR 234 GAINESVILLE,FL32641	NONE	PC	GENERAL OPERATING	332,000
OAK HALL SCHOOL 1700 SW 75TH STREET GAINESVILLE,FL32607	NONE	PC	GENERAL OPERATING	522,369
UNIV OF WISCONSIN GREEN BAY FDN CL 805 2420 NICOLET DR GREEN BAY,WI543117001	NONE	PC	GENERAL OPERATING	417,000
UNIVERSITY OF FLORIDA FOUNDATION INC S W 34TH STREET AND HULL ROAD GAINESVILLE,FL32611	NONE	PC	GENERAL OPERATING	824,500
SMITHSONIAN TROPICAL RESEARCH INSTITUTE 1100 JEFFERSON DR WASHINGTON,DC20013	NONE	PC	GENERAL OPERATING	75,000
ST NORBERT COLLEGE 100 GRANT ST DEPERE,WI54115	NONE	PC	GENERAL OPERATING	60,000
ST VINCENT HOSPITAL FOUNDATION 835 S VAN BUREN ST GREEN BAY,WI543073508	NONE	PC	GENERAL OPERATING	500,000
WEILL CORNELL MEDICAL COLLEGE 575 LEXINGTON AVE STE 640 NEW YORK,NY10022	NONE	PC	GENERAL OPERATING	102,000
URBAN PARTNERSHIP COMMUNITY DEVELOPMENT CORP 437 S JACKSON ST GREEN BAY,WI54301	NONE	PC	GENERAL OPERATING	65,000
GREATER GREEN BAY COMMUNITY FOUNDATION 320 N BROADWAY STREET SUITE 260 GREEN BAY,WI54303	NONE	PC	GENERAL OPERATING	50,000
FRIENDS OF BAY BEACH WILDLIFE 1660 EAST SHORE DRIVE GREEN BAY,WI54302	NONE	PC	GENERAL OPERATING	34,000
COMMUNITY FOUNDATION OF NORTH CENTRAL FLORIDA 3919 W NEWBERRY ROAD SUITE 3 GAINESVILLE,FL32607	NONE	PC	GENERAL OPERATING	50,000
CROSSROADS AT BIG CREEK PO BOX 608 STURGEON BAY,WI54235	NONE	PC	GENERAL OPERATING	55,000
FLORIDA SPRINGS INSTITUTE 23695 W US 27 HIGH SPRINGS,FL32643	NONE	PC	GENERAL OPERATING	100,000
Total ................................. 3a				3,262,369

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 ...........
4 Dividends and interest from securities....			14	1,022,383
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.....
8 Gain or (loss) from sales of assets other than inventory ............			18	3,424,963
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIP/S-CORP			1	52,943
bFEDERAL TAX REFUND			1	1,412
cOTHER INCOME			1	17,053
d
e
12 Subtotal. Add columns (b), (d), and (e)..				4,518,754

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

4,518,754

(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
68381K606 OPPENHEIMER SENIOR F	2,373,318	2,212,839
31420B300 FEDERATED INST HI YL	1,106,790	1,066,056
78013XKG2 ROYAL BANK OF MTN	75,011	74,993
61747MX71 MORGAN STANLEY C D	75,000	74,896
291011BC7 EMERSON ELECTRIC	77,291	76,517
63872T620 LOOMIS SAYLES STRATE	875,000	842,495
90421MCC5 UMPQUA BK C D	75,000	74,828
17312QL56 CITIBANK NA C D	74,925	74,853

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

1923 FUND

EIN:

36-7070455

Name of Stock	End of Year Book Value	End of Year Fair Market Value
606783207 MITSUBISHI ESTATE LT
86562M209 SUMITOMO MITSUI FINL	88,519	75,301
000375204 ABB LTD A D R	4,627	4,410
900148701 TURKIYE GARANTI BANK
904784709 UNILEVER N V A D R
957638109 WESTERN ALLIANCE BAN	29,548	49,520
461202103 INTUIT INC	224,832	492,125
74254V273 PRINCIPAL GL R E SEC	1,813,579	1,666,448
806857108 SCHLUMBERGER LTD	53,353	22,730
91324P102 UNITED HEALTH GROUP	75,512	435,960
855244109 STARBUCKS CORP
254687106 DISNEY WALT CO	19,325	356,363
00206R102 ATT INC	62,046	214,050
436893200 HOME BANCSHARES INC	61,545	45,523
874039100 TAIWAN SEMICONDUCTOR	71,770	93,013
072743305 BAYERISCHE MOTOREN S	26,231	25,028
127190304 CACI INTERNATIONAL I	47,555	54,011
018805101 ALLIANZ SE A D R	63,628	76,290
G0551A103 ARRIS INTERNATIONAL
037598109 APOGEE ENTERPRISES I	39,556	25,701
192479103 COHERENT INC COM
780259107 ROYAL DUTCH SHELL A	70,632	76,723
68213N109 OMNICELL INC COM
693483109 POSCO A D R
502441306 LVMH MOET HENNESSY A	24,078	38,817
830879102 SKY WEST INC
654624105 NIPPON TELEGRAPH TEL	68,934	64,089
670100205 NOVO NORDISK AS A D	95,709	101,953
V7780T103 ROYAL CARIBBEAN CRUI
06828M876 BARON EMERGING MARKE	1,100,000	1,453,072
02079K305 ALPHABET INC CL A	54,812	287,364
26441C204 DUKE ENERGY HOLDING	103,224	230,076
969457100 WILLIAMS COS INC
595137100 MICROSEMI CORP COM W
136375102 CANADIAN NATL RY CO	49,249	53,952
387328107 GRANITE CONSTRUCTION	49,864	45,597
38526M106 GRAND CANYON EDUCATI
391416104 GREAT WESTERN BANCOR
34407D109 FLY LEASING LTD A D	34,838	27,952
009126202 AIR LIQUIDE S A A D	44,848	59,627
056752108 BAIDU COM INC A D R	66,228	64,867
87155N109 SYMRISE AG UNSPON A	23,527	29,529
404280406 HSBC HOLDINGS PLC SP	28,437	27,708
M22465104 CHECK POINT SOFTWARE	54,414	64,464
868459108 SUPERNUS PHARMACEUTI	51,001	52,056
686330101 ORIX CORP SPONS A D	54,390	50,657
74925K581 ROBECO BOSTON PARTNE	2,189,727	2,119,592
907818108 UNION PACIFIC CORP	32,330	311,018
631103108 NASDAQ INC	209,378	285,495
02079K107 ALPHABET INC CL C	54,618	285,828
57636Q104 MASTERCARD INC	53,498	547,085
674599105 OCCIDENTAL PETROLEUM	158,526	168,795
H1467J104 CHUBB LTD	195,584	452,130
30303M102 FACEBOOK INC A	240,750	393,270
03027X100 AMERICAN TOWER CORP	224,891	514,118
713448108 PEPSICO INC	27,432	359,060
731068102 POLARIS INDS INC
17243V102 CINEMARK HLDGS INC
001317205 AIA GROUP LTD ADR	77,232	105,150
L9340P101 TRINSEO SA
829226109 SINCLAIR BROADCAST G	40,378	47,623
771195104 ROCHE HOLDINGS LTD S	158,445	164,942
502117203 LOREAL UNSPONSORED A	44,051	59,495
G1991C105 CARDTRONICS PLC
29089Q105 EMERGENT BIOSOLUTION	15,155	40,429
97650W108 WINTRUST FINANCIAL C	32,764	52,328
G16962105 BUNGE LIMITED
163731102 CHEMICAL FINANCIAL C	42,489	44,957
852857200 STAMPS COM INC
88166T101 TESSERA HOLDING CORP
585464100 MELCO CROWN ENTERTAI
78377T107 RYMAN HOSPITALITY PR
42210P102 HEADWATERS INC
701491102 PARK24 CO LTD SPN A	23,266	18,518
62942M201 NTT DOCOMO INC A D R	73,062	77,074
198287203 COLUMBIA PROPERTY TR	51,769	46,208
172755100 CIRRUS LOGIC INC COM
806037107 SCANSOURCE INC COM
001744101 AMN HEALTHCARE SERVI	16,174	41,532
500643200 KORN FERRY INTL
04530Y106 ASPEN PHARMACARE HL	29,382	12,909
05530H100 BBA AVIATION PLC UNS
478160104 JOHNSON JOHNSON	19,800	258,100
G5960L103 MEDTRONIC PLC	192,375	227,400
931427108 WALGREENS BOOTS ALLI
988498101 YUM BRANDS INC
30231G102 EXXON MOBIL CORP	20,911	153,428
06366RF59 BMO 2Y SX5E BR MTN
885160101 THOR INDUSTRIES INC
904214103 UMPQUA HOLDINGS CORP	44,305	39,607
268948106 EAGLE BANCORP INC
298736109 EURONET SERVICES INC
83175M205 SMITH NEPHEW P L C	85,025	92,216
025676206 AMERICAN EQUITY INVT
87265H109 TRI POINTE GROUP INC	52,069	43,316
37733W105 GLAXO SMITHKLINE P L
500467501 KONINKLIJKE AHOLD DE	45,929	65,371
83569C102 SONOVA HOLDING UNSPO	20,965	28,683
904767704 UNILEVER PLC SPSD AD	31,184	41,591
165303108 CHESAPEAKE UTILS COR
049255706 ATLAS COPCO AB SPONS	27,974	21,992
23636T100 DANONE SPONS A D R	34,856	39,102
26168L205 DREW INDUSTRIES INC
G4617B105 HORIZON PHARMA PLC	40,976	62,704
12637N204 CSL LIMITED A D R
466140100 JGC CORP UNSPONSORED	28,194	21,888
950810101 WESBANCO INC
00182C103 ANI PHARMACEUTICALS
35952Q106 FUCHS PETROLUB SE PR	22,655	23,529
015393101 ALFA LAVAL AB SWEDEN	20,361	29,068
64051T100 NEOPHOTONICS CORP
83084V106 SKY PLC SPN A D R
046353108 ASTRAZENECA P L C SP
750236101 RADIAN GROUP INC	53,031	56,933
670678507 NUVEEN REAL ESTATE S	3,772,795	3,123,441
031162100 AMGEN INC	249,130	340,673
00203H446 AQR LONG SHORT EQUIT	1,221,940	1,079,589
452308109 ILLINOIS TOOL WORKSI	94,449	253,380
285512109 ELECTRONIC ARTS INC	147,845	315,640
66987V109 NOVARTIS AG A D R	100,338	102,972
548661107 LOWES CO INC	156,338	369,440
138006309 CANON INC SPONS A D	49,927	47,610
88579Y101 3M CO	21,266	314,391
803054204 SAP SE SPONSORED A D	58,395	70,780
00404A109 ACADIA HEALTHCARE CO
75955B102 RELX NV SPON A D R
432748101 HILLTOP HOLDINGS INC
13123X102 CALLON PETE CO DEL	69,456	34,754
17133Q502 CHUNGHWA TELECOM CO
286082102 ELECTRONICS FOR IMAG	40,517	34,001
46269C102 IRIDIUM COMMUNICATIO	8,726	16,070
92932M101 WNS HOLDINGS LTD ADR	41,949	55,495
32055Y201 FIRST INTERSTATE BAN
232577205 CYNOSURE INC
88031M109 TENARIS SA ADR	17,562	11,300
398438408 GRIFOLS SA A D R	17,729	21,077
82481R106 SHIRE PLC A D R
961214301 WESTPAC BANKING COPR
723787107 PIONEER NAT RES CO	147,802	197,280
779556109 ROWE T PRICE MID-CAP	1,976,407	2,260,964
744320102 PRUDENTIAL FINANCIAL
31428X106 FED EX CORP	47,875	201,663
G1151C101 ACCENTURE PLC CL A	69,147	274,970
58155Q103 MCKESSON CORPORATION
98956P102 ZIMMER BIOMET HOLDIN
92826C839 VISA INC	85,344	567,342
559222401 MAGNA INTL INC CL	171,271	193,163
741503403 THE PRICELINE GROUP
98850P109 YUM CHINA HOLDINGS I
978097103 WOLVERINE WORLD WIDE
87074U101 SWIFT TRANSPORTATION
48123V102 J2 GLOBAL INC	39,932	56,128
024061103 AMERICAN AXLE MFG H	41,952	36,508
358029106 FRESENIUS MED AKTIEN	76,058	59,760
128195104 CALATLANTIC GROUP IN
90333L201 U.S. CONCRETE INC	20,631	16,546
110448107 BRITISH AMERN TOB PL
57686G105 MATSON INC
26613Q106 DUPONT FABROS TECHNO
87184P109 SYSMEX CORP UNSPON A	29,760	23,696
379577208 GLOBUS MED INCA
57776J100 MAXLINEAR INC CLASS	51,031	40,621
43940T109 HOPE BANCORP INC
02553E106 AMERICAN EAGLE OUTFI
458118106 INTEGRATED DEVICE TE
12008R107 BUILDERS FIRSTSOURCE	38,215	35,905
803866300 SASOL LTD SPONSORED	17,869	20,122
072730302 BAYER AG A D R	86,852	62,760
05367G100 AVIANCA HOLDINGS A D	7,272	2,302
126650100 CVS HEALTH CORPORATI
949915482 WFA SPECIAL MID CAP	1,551,610	1,824,883
77956H849 T ROWE PRICE INTL GR	1,640,826	1,480,040
149498107 CAUSEWAY EMERGING MA	1,300,000	1,489,447
918204108 V F CORP
902973304 US BANCORP	74,555	571,250
N59465109 MYLAN NV
46625H100 J P MORGAN CHASE CO	46,762	536,910
747525103 QUALCOMM INC
053015103 AUTOMATIC DATA PROCE	14,454	360,580
74005P104 PRAXAIR INC
883556102 THERMO FISHER SCIENT	97,449	447,580
913017109 UNITED TECHNOLOGIES
00287Y109 ABBVIE INC	36,416	368,760
156782104 CERNER CORP COM
48268K101 KT CORP SP A D R	88,626	99,768
60687Y109 MIZUHO FNL GRP A D R	65,580	49,095
577933104 MAXIMUS INC
307305102 FANUC CORPORATION A	59,594	52,484
68557N103 ORBITAL ATK INC
00687A107 ADIDAS AG A D R	46,504	68,447
29084Q100 EMCOR GROUP INC	41,198	42,499
05946K101 BANCO BILBAO VIZCAYA	52,563	44,351
456463108 INDUSTRIAS BACHOCO S	40,158	37,780
576323109 MASTEC INC	62,253	64,166
388689101 GRAPHIC PACKAGING HL	52,634	55,009
30255G103 F C B FINANCIAL HOLD
94733A104 WEB COM GROUP INC
861012102 STMICROELECTRONICS N
103304101 BOYD GAMING CORP COM	46,719	40,978
094235108 BLOOMIN BRANDS INC	56,759	52,006
691497309 OXFORD INDUSTRIES IN	31,719	34,383
44930G107 ICU MEDICAL INC	31,018	44,778
49803T300 KITE REALTY GROUP TR
00163U106 AMAG PHARMACEUTICALS
09739D100 BOISE CASCADE CO	28,514	22,705
246647101 DELEK US HLDGS INC
29275Y102 ENERSYS	14,604	40,435
29362U104 ENTEGRIS INC	8,087	31,996
465562106 ITAU UNIBANCO HOLDIN	32,591	45,828
G3323L100 FABRINET
501173207 KUBOTA LTD A D R	23,101	21,065
45104G104 ICICI BANK LTD A D R	22,176	32,105
249908104 DEPOMED INC
61022V107 MONOTARO CO LTD UNSP	16,568	39,795
641069406 NESTLE SA SPONSORED	196,150	222,478
653656108 NICE SYS LTD SPONSOR	122,377	139,699
375558103 GILEAD SCIENCES INC
037833100 APPLE INC	91,241	567,864
949746101 WELLS FARGO CO
808513105 SCHWAB CHARLES CORP	195,495	373,770
844741108 SOUTHWEST AIRLINES C	190,936	325,360
92937A102 WPP PLC SPONSORED A
23304Y100 DBS GROUP HLDGS LTD	76,418	93,013
447011107 HUNTSMAN CORP
267475101 DYCOM INDUSTRIES INC	59,541	38,585
26884U109 EPR PROPERTIES
089302103 BIG LOTS INC
302520101 FNB CORP	83,795	60,408
87164P103 SYNERGY RES CORP
237545108 DASSAULT SYSTEMES SA	34,482	53,279
402635304 GULFPORT ENERGY CORP	75,081	24,792
144577103 CARRIZO OIL & GAS IN	51,568	29,410
03938L203 ARCELORMITTAL CLASS
126132109 CNOOC LTD A D R	75,866	75,768
31188H101 FAST RETAILING CO UN	6,914	8,818
876568502 TATA MOTORS LTD A D
45662N103 INFINEON TECHNOLOGIE	38,997	31,676
33829M101 FIVE BELOW	19,368	41,133
499049104 KNIGHT SWIFT TRANSPO
53220K504 LIGAND PHARMACEUTICA	59,823	51,973
64111Q104 NETGEAR INC RESTR	47,552	49,689
575385109 MASONITE INTERNATION	46,445	31,426
00888Y508 INV BALANCE RISK COM	622,339	562,631
456837103 I N G GROEP NV SPONS
78440P108 SK TELECOM CO LTD A
14365C103 CARNIVAL PLC A D R	6,096	4,970
006754204 ADECCO SA A D R	5,126	3,173
KEK746889 FRAC WELLS FARGO 0.0
238337109 DAVE & BUSTERS ENTMT	55,373	47,768
70509V100 PEBBLEBROOK HOTEL TR	50,728	47,901
114340102 BROOKS AUTOMATION IN	40,384	36,783
023135106 AMAZON.COM INC	345,289	638,337
589889104 MERIT MEDICAL SYSTEM	18,470	30,137
451107106 IDACORP INC	29,463	34,153
74347M108 PROPETRO HLDG CORP	39,071	30,172
24665A103 DELEK HOLDCO INC	16,032	19,051
52471Y106 LEGACYTEXAS FINANCIA	32,532	27,309
018522300 ALLETE INC	19,985	22,028
608190104 MOHAWK INDS INC CO
71646E100 PETRO CHINA COMPANY	28,516	24,066
631512209 NASPERS LTD N SPON A	38,217	52,186
002535300 AARONS INC	43,156	43,774
316827104 51JOB INC A D R
98426T106 YY INC A D R
369550108 GENERAL DYNAMICS COR	355,060	314,420
56585A102 MARATHON PETROLEUM C	304,611	321,605
31620M106 FIDELITY NATL INFORM	179,280	230,738
315405100 FERRO CORPORATION	39,227	25,935
131193104 CALLAWAY GOLF CO	39,582	41,555
88870R102 TIVITY HEALTH INC	63,157	43,690
98421B100 XPERI CORP	53,328	28,155
65336K103 NEXSTAR BROADCASTING	39,052	45,218
90984P303 UNITED COMMUNITY BAN	44,936	35,259
500472303 KONINKLIJKE PHILIPS	63,860	51,752
016255101 ALIGN TECH INC COM	146,545	335,088
92886T201 VONAGE HLDGS CORP	70,486	54,789
25243Q205 DIAGEO PLC SPONSORED
23703Q203 DAQO NEW ENERGY CORP
85771P102 STATOIL ASA A D R
05278C107 AUTOHOME INC
780259206 ROYAL DUTCH SHELL PL
682159108 ON ASSIGNMENT INC CO
92343X100 VERINT SYS INC COM	66,304	66,427
N96617118 WRIGHT MEDICAL GROUP	54,063	56,264
686688102 ORMAT TECHNOLOGIES I	51,755	45,658
13462K109 CAMPING WORLD HOLDIN	58,983	19,855
835699307 SONY CORP A D R	32,982	42,438
31787A507 FINISAR CORPORATION	26,380	29,484
G4388N106 HELEN OF TROY LTD	27,450	38,042
87305R109 TTM TECHNOLOGIES	57,683	34,084
431571108 HILLENBRAND INC	33,153	30,989
50186V102 LG DISPLAY CO LTD A
04623U102 ASTELLAS PHARMA INC	27,488	27,137
40052P107 GRUPO FIN BANORTE SP	25,227	24,911
151020104 CELGENE CORPORATION
81762P102 SERVICENOW INC	189,259	356,100
90346E103 US SILICA HOLDINGS I
589378108 MERCURY COMPUTER SYS	27,877	36,271
50189K103 LCI INDUSTRIES	30,884	27,121
095229100 BLUCORA INC	39,111	43,130
05508R106 B & G FOODS INC NEW	62,584	56,606
444097109 HUDSON PACIFIC PROPE	83,334	69,512
090672106 BIOTELEMETRY INC
40415F101 H D F C BK LTD A D R	23,391	27,555
948596101 WEIBO CORP-SPON ADR	53,981	35,000
457985208 INTEGRA LIFESCIENCES
29977A105 EVERCORE PARTNERS IN	45,755	42,507
073685109 BEACON ROOFING SUPPL	48,971	30,071
881624209 TEVA PHARMACEUTICAL	22,085	15,852
20441A102 CIA SANEAMENTO BASIC	7,998	8,716
41068X100 HANNON ARMSTRONG SUS	10,288	8,820
450828108 I B E R I A B A N K	74,233	56,631
87166B102 SYNEOS HEALTH INC	45,260	36,989
45857P707 INTERCONTINENTAL HOT	34,282	31,717
911271302 UNITED OVERSEAS BK L	9,443	7,983
00191U102 ASGN INC	27,494	28,831
80105N105 SANOFI A D R	4,428	4,254
42226A107 HEALTHEQUITY INC	38,452	29,407
55027E102 LUMINEX CORP DEL	30,997	24,705
670704105 NUVASIVE INC	50,758	41,779
088606108 B H P BILLITON LIMIT	54,648	53,650
45262P102 IMPERIAL BRANDS PLC	6,962	6,165
438128308 HONDA MOTOR CO LTD A	16,155	12,934
759530108 RELX PLC SPON A D R	7,712	11,820
22160K105 COSTCO WHSL CORP	378,165	407,420
78409V104 S P GLOBAL INC	222,773	191,183
893641100 TRANSDIGM GROUP INC	333,222	306,054
132011107 CAMBREX CORP COM	46,477	35,079
049164205 ATLAS AIR INC	41,559	27,930
09857L108 BOOKING HOLDINGS INC	182,239	275,587
007924103 AEGON N V NY REG SHR	54,838	37,144
16941R108 CHINA PETROLEUM CHEM	12,379	9,743
320867104 FIRST MIDWEST BANCOR	45,347	35,103
344419106 FOMENTO ECONOMICO ME	22,219	22,545
670108109 NOVOZYMES A S UNSPON	25,177	21,659
44109J106 HOSTESS BRANDS INC	28,120	26,453
226718104 CRITEO SA SPON A D R	39,507	33,194
54338V101 LONZA GROUP AG UNSPO	44,452	43,273
87974R208 TEMENOS GROUP AG SP	35,149	28,257
576485205 MATADOR RESOURCES CO	58,500	29,988
254543101 DIODES INC	41,370	41,583
69007J106 OUTFRONT MEDIA INC	60,779	53,019
02319V103 AMBEV SA SPN A D R	26,214	20,898
921659108 VANDA PHARMACEUTICAL	37,372	47,269
92857F107 VOCERA COMMUNICATION	40,022	40,412
29274F104 ENERSIS SA SPONSORED	5,299	5,397
29446M102 EQUINOR ASA SPON ADR	50,664	46,278
31502A204 FERGUSON PLC ADR	23,369	22,747
705015105 PEARSON P L C A D R	47,513	49,432
29272W109 ENERGIZER HLDGS INC	15,160	14,087
29786A106 ETSY INC	49,832	57,988
702149105 PARTY CITY HOLDCO IN	43,732	30,150
76169B102 REXNORD CORP	53,476	39,772
204429104 CIA CERVECERIAS UNID	4,421	4,398
06738E204 BARCLAYS PLC A D R	9,871	8,513
707569109 PENN NATL GAMING INC	75,668	44,175
000361105 A A R CORP	42,478	37,153
440452100 HORMEL FOODS CORP	234,325	277,420
500458401 KOMATSU LTD A D R RE	24,698	19,580
985817105 YELP INC	51,137	35,760
G5494J103 LINDE PLC	493,293	471,397
606822104 MITSUBISHI UFJ FINL	25,305	21,896
N97284108 YANDEX NV	21,360	21,661

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
97MSCNBV8 RUNWAY GROWTH CREDIT	AT COST	581,790	584,285
32008F507 FIRST EAGLE GLOBAL A	AT COST	2,142,916	2,018,197
98MSC9W44 IDR FIXED INCOME RE	AT COST	535,138	309,701

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
WORKERS COMPENSATION	829	0	829
FROM PARTNERSHIP/S-CORP	9,588	9,588	0
STATE FILING FEE/TAX	125	0	125
REIMBURSE EXPENSES OF BOARD	15,189	0	15,189

Description	Amount
WASH SALE ADJUSTMENT	19,015
NET GEAR ADJUSTMENTS	16,577
COST BASIS ADJUSTMENT	14,589

Category	Amount	Net Investment Income
FOREIGN TAXES	29,368	29,368
FEDERAL TAX PAYMENT - PRIOR YE	9,000	0
FEDERAL ESTIMATES - PRINCIPAL	83,000	0

Description	Revenue And Expenses Per Books	Net Investment Income
FEDERAL TAX REFUND	1,412	0
OTHER INCOME	17,053	17,053
FROM PARTNERSHIP/S-CORP	52,943	52,943