| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 6,500 | 6,500 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Amer Honda Fin Corp | 173,769 | 175,362 |
| Anheuser Busch Inbev Fin | 173,320 | 175,912 |
| Total Capital Intl SA | 174,299 | 177,018 |
| BK of Nova Scotia NTS B/E | 174,237 | 176,974 |
| Target Corp B/E | 175,510 | 178,866 |
| Royal Bank of Canada NTS B/E | 252,068 | 253,960 |
| Merck & Co Inc NTS B/E | 171,672 | 176,460 |
| HSBC Hldgs PLC B/E | 178,052 | 182,443 |
| Ace Ina Holdings Inc NTS | 148,783 | 152,789 |
| Bank of America Corp Med Term NTS | 174,562 | 180,387 |
| Statoil ASA B/E | 169,580 | 176,052 |
| Wal-Mart Stores Inc B/E | 296,130 | 304,326 |
| Oracle Corp NTS B/E | 260,194 | 263,615 |
| San Diego Gas & Elec Co | 256,130 | 259,720 |
| Johnson & Johnson B/E | 382,975 | 396,604 |
| IBM Corp B/E | 255,722 | 262,840 |
| Caterpillar Inc B/E | 176,733 | 183,640 |
| Prudential Financial Inc | 175,805 | 184,891 |
| Costco Whsl Corp NTS B/E | 247,158 | 256,650 |
| Amgen Inc NTS B/E | 101,563 | 105,037 |
| Wells Fargo & Co | 253,542 | 258,690 |
| Alibaba Group Hldg Ltd | 256,861 | 260,788 |
| CME Group Inc | 170,764 | 181,206 |
| Shell Intl Fin NTS B/E | 247,183 | 262,295 |
| Intel Corp B/E | 152,574 | 160,829 |
| Novartis Cptl Corp NTS | 260,043 | 268,590 |
| VISA Inc NTS B/E | 171,360 | 183,589 |
| Citigroup Inc | 173,422 | 184,223 |
| Morgan Stanley NTS B/E | 174,846 | 186,027 |
| Comcast Corp B/E | 168,871 | 181,122 |
| Berkshire Hathaway Inc | 350,968 | 362,327 |
| BK of NY Mellon Corp B/E | 164,886 | 176,719 |
| Pfizer Inc B/E | 245,018 | 257,910 |
| Microsoft Corp B/E | 405,765 | 425,032 |
| American Funds Emerging Markets Bond Fund | 149,909 | 160,289 |
| Nuveen Preferred Securities and Inc | 300,000 | 296,450 |
| PIMCO Enhanced Short Mat Active ETF | 30,148 | 30,220 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Abbott Labs | 103,061 | 148,100 |
| Abbvie Inc | 136,302 | 105,153 |
| Aflac Inc | 101,167 | 125,296 |
| Air Prod & Chemical Inc | 99,366 | 136,727 |
| Archer Daniels Midland Co | 80,746 | 79,356 |
| AT&T Inc | 124,855 | 118,659 |
| Automatic Data Processing Inc | 126,267 | 163,346 |
| Becton Dickinson & Co | 97,874 | 112,144 |
| Brown Forman CRP CL B | 120,807 | 128,043 |
| Chevron Corp | 108,542 | 108,885 |
| Cinn Financial Corp | 99,054 | 141,406 |
| Cintas Corp | 96,441 | 139,764 |
| Coca Cola Co | 91,893 | 105,914 |
| Colgate Palmolive Co | 78,116 | 83,066 |
| Dover Corp | 91,155 | 114,829 |
| Ecolab Inc | 86,751 | 125,177 |
| Emerson Electric Co | 100,272 | 98,475 |
| Exxon Mobil Corp | 113,549 | 105,060 |
| Federal Realty Inv TR BI MD | 97,993 | 102,364 |
| Genl Dynamics Corp | 112,280 | 102,183 |
| Genuine Parts Co | 97,731 | 108,759 |
| Hormel Foods Corp | 101,454 | 107,188 |
| Illinois Tool Works Inc | 103,302 | 98,630 |
| Intl Business Machines | 142,091 | 125,627 |
| Johnson & Johnson Com | 100,427 | 105,017 |
| Kontoor Brands Inc | 5,528 | 4,679 |
| Leggett & Platt Inc | 104,233 | 88,903 |
| Lowes Companies Inc | 92,512 | 106,258 |
| Mc Cormick & Co NV | 82,676 | 125,713 |
| McDonalds Corp | 98,923 | 123,142 |
| Medtronic PLC | 70,594 | 82,782 |
| Nucor Corp | 84,155 | 71,740 |
| Pentair PLC | 73,765 | 66,848 |
| People's United Financial Inc | 98,153 | 97,475 |
| Pepsico Inc | 84,380 | 106,609 |
| PPG Industries Inc | 105,474 | 110,058 |
| Price T Rowe Group Inc | 112,573 | 115,305 |
| Procter & Gamble Co | 72,427 | 100,878 |
| Roper Technologies Inc | 105,533 | 139,911 |
| S&P Global Inc | 116,445 | 150,114 |
| Sherwin Williams Co | 98,065 | 112,281 |
| Smith A O Corp | 123,348 | 96,914 |
| Stanley Black & Decker Inc | 123,551 | 114,820 |
| Sysco Corp | 73,810 | 84,298 |
| Target Corp | 104,854 | 118,396 |
| Untd Technologies Corp | 108,869 | 108,847 |
| VF Corp | 83,286 | 102,462 |
| Walgreens Boots Alliance Inc | 69,688 | 56,365 |
| Walmart Inc | 92,169 | 112,258 |
| 3M Co | 79,641 | 65,003 |
| IShares MSCI Japan ETF | 90,704 | 89,347 |
| IShares Core S&P Small-Cap ETF | 175,372 | 178,165 |
| IShares MSCI EAFE ETF | 517,807 | 486,468 |
| IShares MSCI China ETF | 90,373 | 80,376 |
| IShares Core MSCI EAFE ETF | 290,577 | 272,862 |
| IShares Core MSCI Emerging Mkts ETF | 313,708 | 288,887 |
| Schwab US Broad Mkt ETF | 58,123 | 60,233 |
| Vanguard Value ETF | 199,907 | 208,751 |
| Vanguard Large-Cap ETF | 636,349 | 690,979 |
| Vanguard Mid-Cap ETF | 282,048 | 306,237 |
| Vanguard Growth ETF | 191,611 | 219,923 |
| Chubb LTD CHF | 98,081 | 110,026 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Blackstone RE Income Trust Inc | AT COST | 2,040,000 | 2,082,917 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal | 11,968 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Registration fees | 50 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Advisory | 89,572 | 89,572 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign tax withheld | 3,030 | 3,030 | 0 |