| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| A N S Y S INC COM | 5,037 | 5,940 |
| AAC TECHNOLOGIES HLDG | 744 | 706 |
| AARON'S INC SHS A | 3,157 | 4,544 |
| ACCENTURE PLC SHS | 13,382 | 17,553 |
| AEGION CORP | 2,067 | 1,582 |
| AIA GROUP LTD | 2,284 | 3,797 |
| AIR PRODUCTION&CHEM | 3,235 | 4,754 |
| AIR TRANSPT SERV GRP INC | 3,349 | 3,611 |
| ALARM COM HLDGS INC COM | 1,989 | 2,140 |
| ALCON SA ACT NOM | 552 | 745 |
| ALIBABA GROUP HOLDING LT | 17,029 | 21,690 |
| ALLEGHENY TECH INC | 3,681 | 3,553 |
| ALLERGAN PLC | 9,940 | 10,046 |
| ALPHABET INC SHS CL C | 22,398 | 23,780 |
| ALPHABET INC SHS CL A | 7,089 | 8,662 |
| ALTRIA GROUP INC | 11,043 | 7,103 |
| AMAZON COM INC COM | 10,128 | 20,830 |
| AMBEV SA SHS ADR | 1,256 | 1,284 |
| AMER EXPRESS COMPANY | 2,768 | 4,197 |
| AMERCO | 2,219 | 2,271 |
| AMERICAN TOWER REIT INC | 9,189 | 10,631 |
| AMERISAFE INC CL A | 1,982 | 2,041 |
| AMGEN INC COM | 4,933 | 5,344 |
| AMN HEALTHCARE SVCS INC | 1,939 | 2,224 |
| AMPHENOL CORP CL A NEW | 7,751 | 7,675 |
| AON PLC | 5,540 | 7,140 |
| APERGY CORP REG SHS | 2,651 | 2,516 |
| APPLE INC | 22,054 | 26,719 |
| ARCELIK AS UNSPN ADR | 978 | 849 |
| ARCH CAPITAL GRP LTD BM | 4,815 | 5,822 |
| ARGO GROUP INTERNATIONAL | 2,041 | 2,666 |
| ASE TECHNOLOGY | 1,454 | 1,434 |
| ASM PACIFIC TECHNOL-UNSP | 2,735 | 2,649 |
| AT&T INC | 9,947 | 10,857 |
| AUTODESK INC DEL PV$0.01 | 11,126 | 18,896 |
| AUTOMATIC DATA PROC | 2,271 | 3,472 |
| AVNET INC | 2,774 | 2,852 |
| BAIDU IN SPON ADR | 3,510 | 2,112 |
| BANCO DE CHILE ADR | 2,270 | 2,108 |
| BANCOLOMBIA S.A SPDS ADR | 2,143 | 2,246 |
| BANNER CORP SHS | 4,977 | 4,928 |
| BARRICK GOLD CORPORATION | 1,806 | 2,255 |
| BECTON DICKINSON CO | 8,139 | 10,080 |
| BERKSHIRE HATHAWAYINC | 7,043 | 8,740 |
| BERKSHIRE HILL BANCORP | 2,720 | 2,605 |
| BLACK HILLS CORP | 3,053 | 4,534 |
| BLACK KNIGHT HOLDCO CORP | 5,681 | 7,218 |
| BLACKROCK INC | 16,647 | 20,180 |
| BRANDYWNE RLTY T SBI NEW | 4,453 | 3,938 |
| BRIGHAM MINERALS INC REG | 1,291 | 1,352 |
| BRINKS CO | 3,991 | 4,952 |
| BROOKFIELD ASST MGMT | 10,237 | 12,901 |
| BROWN & BROWN INC FLA | 3,492 | 4,824 |
| BROWN FORMAN CORP CL B | 1,597 | 2,051 |
| BRUNSWICK CORP | 1,666 | 1,239 |
| CALIFORNIA WTR SVC GP DE | 2,783 | 3,645 |
| CALLON PETRO CO DEL | 4,534 | 2,636 |
| CARMAX INC | 6,852 | 9,812 |
| CARNIVAL CORP PAIRED SHS | 25,817 | 20,389 |
| CAR.COM INC REG SHS | 5,109 | 3,372 |
| CATHAY GENERAL BANCORP | 5,489 | 4,812 |
| CBIZ INC | 1,689 | 1,665 |
| CBRE GROUP INC | 4,792 | 6,413 |
| CERNER CORP COM | 6,079 | 7,843 |
| CHANGYOU.COM LTD ADR | 1,029 | 481 |
| CHECK POINT SOFTWARE TECH | 8,345 | 7,861 |
| CHEVRON CORP | 16,384 | 18,417 |
| CHINA LIFE INS CO SP ADR | 1,799 | 1,620 |
| CHINA MERCHANTS BANK | 2,086 | 2,259 |
| CHINA MOBILE LTD SPN ADR | 4,820 | 4,121 |
| CHUBB LTD | 7,182 | 7,806 |
| CHUNGWA TELECOM CO LTD | 1,950 | 2,046 |
| CINN FINCL CRP OHIO | 10,830 | 15,239 |
| CISCO SYSTEMS INC COM | 22,555 | 34,754 |
| CME GROUP INC | 8,753 | 9,900 |
| CNO FINL GROUP INC | 4,517 | 3,753 |
| CNOOC LTD ADR | 4,174 | 4,088 |
| COCA COLA COM | 12,714 | 15,225 |
| COGNEX CORP | 322 | 288 |
| COLFAX CORP | 3,956 | 3,083 |
| COLGATE PALMOLIVE | 13,317 | 13,331 |
| COMCAST CORP NEW CL A | 13,644 | 15,052 |
| COOPER TIRE RUBBER | 2,667 | 2,366 |
| COPART INC COM | 4,206 | 7,997 |
| CREDICORP LTD COM PV $5 | 5,375 | 5,036 |
| CROWN CASTLE REIT INC | 12,848 | 15,381 |
| CULP INC | 1,382 | 836 |
| CVS HEALTH CORP | 8,221 | 5,885 |
| CYPRESS SEMICNDTR PV1CTS | 887 | 1,268 |
| CYRUSONE INC | 8,967 | 9,120 |
| D AND L INDUSTRIES INC | 1,745 | 1,563 |
| DANA INC | 3,469 | 3,789 |
| DANAHER CORP DEL COM | 14,011 | 15,721 |
| DANONE-SPONS ADR | 8,482 | 9,328 |
| DEERE CO | 5,649 | 8,120 |
| DELEK US HOLDING INC | 2,936 | 2,917 |
| DELTA AIR LINE INC | 12,254 | 12,201 |
| DIAGEO PLC SPSD ADR NEW | 9,691 | 13,958 |
| DISNEY (WLAT) CO COM STK | 10,506 | 12,847 |
| DOLLAR GENERAL CORP | 13,904 | 16,490 |
| DOMINION ENERGY INC | 12,928 | 13,144 |
| DOMINOS PIZZA INC | 4,551 | 5,009 |
| ECHOSTAR CORPORATION | 577 | 488 |
| ECOLAB INC | 11,291 | 13,228 |
| EL PASO ELECTRIC CO NEW | 1,022 | 1,243 |
| ELECTRONIC ARTS INC DEL | 3,365 | 3,544 |
| EMBRAER S A SPONSRD ADR | 1,726 | 1,691 |
| EMCOR GROUP INC | 2,716 | 3,612 |
| ENN ENERGY HOLDINGS LTD | 1,911 | 1,784 |
| EQUATORIAL ENRGA S A ADR | 2,120 | 2,265 |
| EQUINIX INC | 2,365 | 3,026 |
| EVERCORE INC | 3,446 | 3,897 |
| EXPEDITORS INTL WASH INC | 7,025 | 9,331 |
| FACEBOOK INC | 14,444 | 19,686 |
| FACTSET RESH SYS INC | 4,059 | 6,304 |
| FASTENAL COMPANY | 12,512 | 14,307 |
| FID NATIONAL FINL INC | 5,255 | 6,730 |
| FIDELITY NATL INFO SVCS | 11,217 | 15,458 |
| FIRST BUSEY CORP | 4,090 | 3,829 |
| FIRST REP BK SAN FRNCISC | 5,917 | 5,859 |
| FISERV INC WISC PV 1CT | 6,317 | 6,746 |
| FLAGSTAR BANCORP INC | 3,009 | 3,248 |
| FOMENTO ECNMCO MEX SPADR | 2,474 | 2,612 |
| FRANKLIN RES INC | 7,100 | 7,552 |
| G-III APPAREL GROUP LTD | 3,643 | 3,060 |
| GARTNER INC | 7,076 | 8,852 |
| GCI LIBERTY INC REG SHS | 2,309 | 3,196 |
| GIBRALTAR INDS INC | 4,795 | 5,287 |
| GRUPO A SURESTE SPD ADR | 1,186 | 1,135 |
| GRUPO FIN BANORTE-SPON | 1,450 | 1,570 |
| GUIDEWIRE SOFTWARE INC | 3,088 | 3,244 |
| HDFC BANK LTD ADR | 5,172 | 6,632 |
| HEARTLAND FINANCIAL USA | 3,865 | 3,713 |
| HEICO CORPORATION CL A | 611 | 930 |
| HEINEKEN N V ADR | 1,765 | 1,951 |
| HILTON WORLDWIDE | 6,732 | 8,112 |
| HOLLYSYS AUTOMATION | 1,446 | 1,273 |
| HONEYWELL INTL INC DEL | 5,791 | 8,206 |
| HORACE MANN EDUCTRS NEW | 1,590 | 1,612 |
| HOSTESS BRANDS INC | 3,359 | 4,029 |
| HYATT HOTELS CORP | 2,862 | 2,893 |
| IBERIABANK CORP COM | 5,112 | 5,006 |
| ICICI BANK LTD SPD ADR | 2,693 | 3,424 |
| IDEX CORP DELAWARE COM | 4,327 | 5,164 |
| IDEXX LAB INC DEL $0.10 | 3,202 | 4,130 |
| HIS MARKIT LTD SHS | 8,417 | 11,215 |
| INDUSTRIAL AND COMMERICAL BANK | 4,325 | 4,083 |
| INFOSYS TECH LTD ADR | 3,225 | 3,221 |
| INGERSOLL-RAND PLC | 6,377 | 9,754 |
| INTEL CORP | 8,794 | 11,154 |
| INTERCONTINENTAL | 9,908 | 11,172 |
| INTUIT INC COM | 7,954 | 8,363 |
| INVESCO MORTGAGE CAPITAL | 3,301 | 3,385 |
| ITAU UNIBANCO BANO HOLD | 2,545 | 2,562 |
| JACK IN THE BOC INC | 3,382 | 3,500 |
| JARDINE STRATGIC UNSP AD | 2,754 | 2,657 |
| JOHNSON AND JOHNSON COM | 15,398 | 18,803 |
| JPMORGAN CHASE & CO | 10,123 | 12,186 |
| J2 GLOBAL INC | 1,889 | 1,956 |
| KAIKORNBANK PCL-UNSPON | 3,334 | 3,264 |
| KENNEDY-WILSON HLDGS INC | 2,844 | 2,818 |
| KINDER MORGAN INC. DEL | 11,920 | 6,368 |
| KITE REALTY GROUP TR SHS | 2,557 | 2,073 |
| KKR & CO INC CL A | 5,112 | 5,105 |
| KORN FERRY | 2,971 | 2,805 |
| LA-Z-BOY INC MICHIGAN | 3,246 | 3,526 |
| LABORATORY CP AMER HLDGS | 5,025 | 5,879 |
| LADDER CAP CORP | 2,974 | 3,056 |
| LAUDER ESTEE COS INC A | 6,143 | 7,141 |
| LENNAR CORP CL A | 3,165 | 2,956 |
| LIBERTY BRAODBAND CORP | 2,133 | 2,606 |
| LIBERTY BRAODBAND CORP | 1,438 | 1,748 |
| LIBERTY EXPEDIA HOLDINGS | 269 | 287 |
| LIBERTY GLOBAL PLC CL A | 1,508 | 1,215 |
| LIBERTY GLOBAL PLC CL C | 2,877 | 2,335 |
| LIBERTY MEDIA CORP | 3,557 | 4,040 |
| LIBERTY MEDIA CORP DEL | 999 | 983 |
| LIBERTY MEDIA CORP DEL | 2,227 | 2,203 |
| LIBERTY MEDIA SERIES A | 249 | 287 |
| LINDE PLC REG SHS | 18,784 | 21,887 |
| LOCALIZA RENT A CAR SA | 1,989 | 2,313 |
| LOCKHEED MARTIN CORP | 8,722 | 10,906 |
| LOWE'S COMPANIES INC | 20,520 | 23,512 |
| M&T BANK CORPORATION | 1,899 | 2,041 |
| M/I HOMES INC | 3,942 | 3,568 |
| MAKEMYTRIP LIMITED | 1,296 | 1,141 |
| MARKEL CORP COM | 8,949 | 9,806 |
| MARSH & MCLENNAN COS INC | 12,594 | 14,663 |
| MARTINE MARIETTA MATLS | 6,380 | 7,364 |
| MASTERCARD | 10,573 | 12,433 |
| METRONIC PLC SHS | 8,041 | 9,349 |
| MERCK AND CO INC SHS | 14,280 | 18,531 |
| MEREDITH CORP | 3,045 | 2,753 |
| METTLER-TOLEDO INTL INC | 4,106 | 5,880 |
| MICROCHIP TECHNOLOGY INC | 4,390 | 4,942 |
| MICROSOFT CORP | 35,526 | 55,995 |
| MILACRON HOLDINGS CORP | 5,175 | 4,140 |
| MINERALS TECHNOLOGIES | 4,248 | 3,318 |
| MKS INSTRUMENTS INC COM | 2,176 | 1,947 |
| MOHAWK INDISTRIES INC | 2,314 | 1,622 |
| MOMO ADR | 1,844 | 2,041 |
| MONDELEZZ INTERNATIONAL | 12,439 | 14,715 |
| MONSTER BEVERAGES SHS | 7,828 | 10,660 |
| MOODY'S CORP | 2,121 | 3,516 |
| MOTORALA SOLUTIONS INC | 1,592 | 2,668 |
| MSCI INC | 1,894 | 3,343 |
| NAPERS LTD SHS CL N ADR | 4,387 | 4,891 |
| NATUS MEDICAL INC | 3,196 | 2,518 |
| NESTLE S A REP RG SH ADR | 6,950 | 8,375 |
| NETEASE.COM INC ADR | 2,902 | 3,325 |
| NETGEAR INC | 2,209 | 1,669 |
| NEWMARKET CORP | 4,953 | 4,410 |
| NEXTERA ENERGY INC SHS | 8,380 | 12,496 |
| NIKER INC CL B | 3,007 | 2,939 |
| NORFOLK SOUTHERN CORP | 8,609 | 14,750 |
| NOVARTIS ADR | 4,073 | 5,570 |
| NOVO NORDISK A S ADR | 5,805 | 8,371 |
| NVIDIA | 6,418 | 7,062 |
| O'REILLY AUTOMOTIVE INC | 5,565 | 8,494 |
| ORACLE CORP $0.01 DEL | 13,486 | 16,635 |
| PACCAR INC | 6,794 | 7,166 |
| PACKAGING CORP AMERICA | 8,103 | 8,293 |
| PAGSEURO DIGITAL LTD | 1,764 | 2,455 |
| PARSON CORP DEL | 668 | 663 |
| PAYCHEX INC | 8,169 | 10,698 |
| PEPSICO INC | 12,035 | 13,900 |
| PFITZER INC | 9,339 | 11,610 |
| PHILIP MORRIS INTL INC | 14,396 | 11,701 |
| PHILLIP 66 SHS | 8,472 | 9,354 |
| PING AN INS GROUP CO | 2,963 | 3,364 |
| PINNACLE FINL PARTNERS | 3,767 | 3,851 |
| PIPER JAFFRAY COS | 3,532 | 3,342 |
| PJSC LUKOIL SPONSORED | 4,339 | 4,369 |
| PLATRONICS INC NEW COM | 4,851 | 3,630 |
| PNC FINCL SERVICES GROUP | 7,250 | 8,237 |
| PREFERRED APARTMENT | 2,777 | 2,452 |
| PREFERRED BANK/LOS | 4,294 | 4,111 |
| PRESTIGE CONSUMER | 2,888 | 2,883 |
| PRIMO WTR CORP | 3,871 | 3,137 |
| PROCTER & GAMBLE CO | 8,409 | 10,088 |
| PROGRESSICE CRP OHIO | 2,440 | 4,076 |
| PROPETRO HLDG CORP REG | 3,445 | 4,430 |
| PT BANK CENT ASIA TBK | 2,037 | 2,239 |
| QUISGEN NV REG SHS | 4,574 | 4,825 |
| QUAD GRAPHICS INC | 2,387 | 838 |
| QUALCOMM INC | 7,226 | 9,889 |
| RADIAN GROUP INC | 3,368 | 4,319 |
| RADWARE LTD COM | 3,600 | 5,045 |
| REALPAGE INC | 3,470 | 3,413 |
| REALITY INCM CRP MD PV $1 | 6,025 | 7,173 |
| REGENEROM PHARMACTCLS | 9,673 | 8,138 |
| RENASANT CORP | 4,058 | 3,738 |
| RESTAURANT BRANDS INTL | 7,797 | 9,597 |
| RIO TINTO SPNSRD ADR | 2,675 | 2,868 |
| RLJ LODGING TRUST | 5,251 | 4,541 |
| ROPER TECHNOLOGIES INC | 3,473 | 5,494 |
| ROSS STORES INC COM | 366 | 595 |
| S&P GLOBAL | 2,070 | 3,417 |
| SASOL LTD SPONSORED ADR | 1,648 | 1,342 |
| SBA COMMUNICATIONS CORP | 7,427 | 12,816 |
| SBERBANK SPONSORED ADR | 1,206 | 1,452 |
| SCHLUMBERGER LTD | 7,772 | 5,126 |
| SCHWAB CHARLES CORP NEW | 4,012 | 3,497 |
| SEI INVT CO PA PV $0.01 | 6,581 | 7,237 |
| SHINHAN FINL GRP SP ADR | 2,853 | 2,838 |
| SHOPIFY INC CL A | 857 | 1,501 |
| SHOPRITE HOLDINGS LTD | 825 | 745 |
| SINOPHRAM GROUP CO. LTD | 1,820 | 1,461 |
| SK TELECOM ADR | 4,171 | 4,010 |
| SLACK TECHNOLOGIES INC | 1,808 | 1,875 |
| SOUTH JERSEY IND | 2,985 | 3,002 |
| SP PLUS CORP | 3,376 | 3,225 |
| SPIRE INC | 3,651 | 4,364 |
| STAG INDUSTRIALS, INC | 3,803 | 4,657 |
| STARBUCKS CORP | 12,508 | 16,766 |
| STERLING BANCORP | 2,720 | 2,490 |
| SUMMIT HOTEL PPTYS INC | 5,196 | 4,049 |
| SUMMIT MATLS INC | 1,743 | 1,810 |
| SUNCOKE ENERGY INC | 3,542 | 3,277 |
| SUNNY OPTICAL TECH-UNSP | 2,992 | 2,604 |
| SYNNEX CORP | 3,422 | 3,838 |
| TAIWAN S MANUFACTURING ADR | 8,378 | 8,382 |
| TARGET CORP COM | 5,059 | 7,622 |
| TATA MOTORS LTD ADR | 1,632 | 1,530 |
| TE CONNECTIVITY LTD | 2,878 | 3,352 |
| TELEKOMUNIKASI INDONESIA | 2,099 | 2,222 |
| TENCENT HOLDINGS LTD ADR | 12,159 | 12,809 |
| TEXAS INSTUMENTS | 21,918 | 24,559 |
| THE HOWARD HUGHES CORP | 4,291 | 4,582 |
| THERMO FISHER SCIENTIFIC | 13,513 | 15,271 |
| TIVO CORP | 1,135 | 796 |
| TJX COS INC NEW | 4,271 | 4,389 |
| TRANSDIGM GROUP INC | 6,711 | 13,546 |
| TRANSUNION | 4,941 | 5,881 |
| TTM TECHNOLOGIES INC COM | 3,657 | 2,264 |
| TUTOR PERINI CORP | 2,440 | 1,207 |
| UNILEVER NV NY REG SHS | 2,320 | 2,611 |
| UNION PACIFIC CORP | 6,512 | 9,301 |
| UNITED PARCEL SVC CL B | 12,701 | 10,637 |
| UNITEDHEALTH CROUP INC | 8,126 | 11,224 |
| VAIL RESORTS INC | 6,149 | 5,580 |
| VARIAN MEDICAL SYS INC | 4,280 | 6,126 |
| VERISIGN INC | 3,854 | 7,739 |
| VERISK ANALYTICS INC | 12,445 | 15,964 |
| VERIZON COMMUNICATIONS COM | 8,569 | 9,826 |
| VIPSHOP HLDGS LTD | 813 | 975 |
| VISA INC CL A SHRS | 26,352 | 38,181 |
| VONAGE HOLDINGS CORP | 2,341 | 3,138 |
| VORNADO REALTY TRUST COM | 940 | 897 |
| VULCAN MATERIALS CO | 5,994 | 7,277 |
| WAL-MART DE MEX SPNADR V | 2,284 | 2,372 |
| WASH R E INV TR SBI $.01 | 4,803 | 4,170 |
| WAYFAIR INC | 885 | 876 |
| WEC ENERGY GROUP INC SHS | 6,800 | 9,087 |
| WEIBO CORP ADR | 1,873 | 1,176 |
| WELLS FARGO & CO NEW DEL | 14,128 | 13,155 |
| WESTERN ALLIANCE | 2,601 | 2,460 |
| WINTRUST FINCL CP ILL COM | 3,810 | 3,731 |
| WIX COM LTD | 3,820 | 5,400 |
| WOORI FINL GROUP INC | 2,347 | 2,313 |
| WSFS FINANCIAL CORP | 3,170 | 2,932 |
| XYLEM INC SHS | 5,666 | 6,273 |
| YANDEX N V CL A | 3,319 | 3,686 |
| YUM BRANDS INC | 3,921 | 6,640 |
| YUM CHINA HOLDINGS INC | 3,001 | 4,666 |
| ZOETIS INC | 9,784 | 11,803 |
| ZTO EXPRESS CAYMAN ADR | 2,466 | 2,390 |
| 3M COMPANY | 6,631 | 5,547 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| COMM SERVICES SELECT | AT COST | 133,566 | 141,754 |
| CONSUMER DISCRETIONARY | AT COST | 88,028 | 97,863 |
| HEALTH CARE SELECT SPDR | AT COST | 175,568 | 184,354 |
| ISHARE IBOXX $ | AT COST | 213,582 | 228,592 |
| ISHARE 20+ YEAR | AT COST | 108,218 | 110,099 |
| ISHARES MSCI ALL COUNTRY | AT COST | 34,035 | 34,267 |
| ISHARE 0-5 YEAR TIPS | AT COST | 107,254 | 109,029 |
| ISHARES CORE MSCI EUROPE | AT COST | 69,518 | 71,112 |
| SECTOR SPDR CONSMRS STPL | AT COST | 182,730 | 194,883 |
| SECTOR SPDR UTILITIES | AT COST | 46,318 | 47,465 |
| SELECT SECTOR SPDR TR | AT COST | 259,592 | 281,178 |
| SPDR PORTFOLIO SHORT TER | AT COST | 221,142 | 223,771 |
| VANGAURD MSCI PACIFIC | AT COST | 69,664 | 69,979 |
| VANGAURD FTSE ALL WORLD | AT COST | 311,804 | 318,586 |
| VANGAURD INTERDIATE-TERM | AT COST | 107,602 | 109,976 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 25,705 | 25,705 | 0 | |
| MISCELLANEOUS EXPENSE | 480 | 480 | 0 | |
| LICENSES & DUES | 136 | 136 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS INCOME | 84 | 84 | 84 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN DIVIDEND TAXES | 973 | 973 | 0 | |
| EXCISE TAX | 10,000 | 0 | 0 |