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 11-01-2018 , and ending 10-31-2019

Name of foundation
TW LUCY C HARRIS EU

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

58-6163830

B Telephone number (see instructions)

(888) 730-4933

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

$10,987,305J 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...	226,453		226,453
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		365,404
b	Gross sales price for all assets on line 6a 2,943,796
7	Capital gain net income (from Part IV, line 2)...			365,404
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).......		567	432
12	Total. Add lines 1 through 11........	592,424		592,289
13	Compensation of officers, directors, trustees, etc.	100,971		90,874		10,097
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		968	0	0	968
c	Other professional fees (attach schedule)....		10,971	10,971		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		11,725	5,725		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).......		196	196
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	124,831		107,766	0	11,065
25	Contributions, gifts, grants paid.......	464,000				464,000
26	Total expenses and disbursements. Add lines 24 and 25	588,831		107,766	0	475,065
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,593
b	Net investment income (if negative, enter -0-)			484,523
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.............
	2	Savings and temporary cash investments.........	279,164	354,902	354,902
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	8,632,400	8,555,677	10,632,403
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,911,564	8,910,579	10,987,305
	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........	8,911,564	8,910,579
	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).....	8,911,564	8,910,579
	31	Total liabilities and net assets/fund balances (see instructions).	8,911,564	8,910,579

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

8,911,564

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

3,593

Other increases not included in line 2 (itemize) bullet

1,568

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

8,916,725

Decreases not included in line 2 (itemize) bullet

6,146

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

8,910,579

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	29. EXTRA SPACE STORAGE INC		2018-10-26	2018-11-02
b	7. AMERICAN TOWER REIT		2017-11-30	2018-11-15
c	18. AUTODESK INC		2015-08-27	2018-11-15
d	77. BROOKFIELD ASSET MANAGE-CL A			2018-11-15
e	163.82 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-11-15
	230.34 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-11-15
	20.04 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2018-11-15
	95.42 FHLMC POOL #G60384 4.500% 12/01/45			2018-11-15
	24. LIBERTY EXPEDIA HOLDINGS INC			2018-11-15
	8. LIBERTY EXPEDIA HOLDINGS INC			2018-11-15
	74. ROSS STORES INC			2018-11-15
	15. S&P GLOBAL INC		2016-01-12	2018-11-15
	27. SIMON PROPERTY GROUP INC		2017-09-07	2018-11-15
	53. SPIRIT MTA REIT		2018-05-31	2018-11-15
	15. AON PLC		2012-08-10	2018-11-15
	56. SCHLUMBERGER LTD		2018-01-24	2018-11-21
	471. SCHLUMBERGER LTD			2018-11-21
	10000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-11-26
	3000. SABINE PASS LIQUEFAC 5.625% 3/01/25		2016-03-04	2018-11-27
	11. SIMON PROPERTY GROUP INC		2017-09-07	2018-11-27
	35. STORE CAPITAL CORP		2018-08-01	2018-11-27
	1000. TRANSOCEAN INC 6.800% 3/15/38		2017-04-03	2018-11-29
	1000. TRANSOCEAN INC 6.800% 3/15/38		2017-04-03	2018-12-06
	8. CROWN CASTLE INTL CORP		2017-09-07	2018-12-07
	7299.27 PIMCO COMMODITY REAL RET STRAT-I45		2018-02-26	2018-12-07
	19830.028 PIMCO COMMODITY REAL RET STRAT-I45		2016-10-13	2018-12-07
	8000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-12-11
	2000. NCR CORP 5.000% 7/15/22		2018-04-19	2018-12-13
	136.85 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-12-15
	174.88 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-12-15
	11.41 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2018-12-15
	174.88 FHLMC POOL #G60384 4.500% 12/01/45			2018-12-15
	12. CROWN CASTLE INTL CORP		2017-09-07	2018-12-17
	56. INVITATION HOMES INC			2018-12-17
	49. COLFAX CORPORATION			2018-12-20
	12. DOLLAR GENERAL CORP			2018-12-20
	17. MOHAWK INDS INC COM			2018-12-20
	5. MOHAWK INDS INC COM			2018-12-20
	11. MOODYS CORP		2012-08-10	2018-12-20
	3. O'REILLY AUTOMOTIVE INC			2018-12-20
	9. O'REILLY AUTOMOTIVE INC			2018-12-20
	19. ROPER TECHNOLOGIES INC			2018-12-20
	62. ROSS STORES INC			2018-12-20
	21. S&P GLOBAL INC		2016-01-12	2018-12-20
	20. AON PLC		2012-08-10	2018-12-20
	42. AMERIPRISE FINL INC		2018-08-08	2018-12-21
	123. AMERIPRISE FINL INC		2017-03-21	2018-12-21
	30. CELANESE CORP		2017-10-18	2018-12-21
	183. COMCAST CORP CLASS A			2018-12-21
	55. NIKE INC CL B		2017-10-30	2018-12-21
	1000. TRANSOCEAN INC 6.800% 3/15/38		2017-04-03	2019-01-02
	1000. TRANSOCEAN INC 6.800% 3/15/38		2017-04-03	2019-01-03
	3000. ROWAN COMPANIES INC 4.875% 6/01/22			2019-01-04
	3000. SESI LLC 7.125% 12/15/21		2017-03-03	2019-01-04
	5000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2019-01-08
	3000. PRECISION DRILLING 5.250% 11/15/24		2017-03-22	2019-01-11
	6447.453 LAZARD GL LIST INFRASTR-INST 1243		2018-09-06	2019-01-14
	127.97 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-01-15
	161.36 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-01-15
	7.55 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-01-15
	69.96 FHLMC POOL #G60384 4.500% 12/01/45			2019-01-15
	2714. RANGE RESOURCES CORP 4.875% 5/15/25		2017-03-08	2019-01-15
	62. RANGE RESOURCES CORP 4.875% 5/15/25		2017-03-08	2019-01-15
	224. RANGE RESOURCES CORP 4.875% 5/15/25		2017-03-08	2019-01-15
	7. AMERICAN TOWER REIT		2017-11-30	2019-01-16
	10. EQUITY RESIDENTIAL PPTYS TR SH BEN		2018-03-02	2019-01-16
	8. EXTRA SPACE STORAGE INC			2019-01-16
	13. HILTON WORLDWIDE HOLDINGS IN			2019-01-16
	23. AUTODESK INC		2015-08-27	2019-01-17
	7. O'REILLY AUTOMOTIVE INC		2017-07-27	2019-01-17
	9. S&P GLOBAL INC			2019-01-17
	7. AON PLC		2012-08-10	2019-01-17
	3000. NRG YIELD OPERATING 5.375% 8/15/24		2017-01-23	2019-01-18
	3000. MGM RESORTS INTL 6.750% 10/01/20		2016-05-18	2019-01-30
	42. CDK GLOBAL INC			2019-01-31
	42. CDK GLOBAL INC			2019-01-31
	21. MOODYS CORP		2012-08-10	2019-01-31
	6. O'REILLY AUTOMOTIVE INC			2019-01-31
	4. ROPER TECHNOLOGIES INC			2019-01-31
	4. AMERICAN TOWER REIT		2017-11-30	2019-02-05
	19.00002 EQUINIX INC		2017-09-07	2019-02-05
	3.99998 EQUINIX INC		2017-09-07	2019-02-05
	416. COMCAST CORP CLASS A		2013-01-04	2019-02-14
	38. CDK GLOBAL INC		2015-11-20	2019-02-15
	129.05 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-02-15
	148.96 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-02-15
	12. FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-02-15
	134.32 FHLMC POOL #G60384 4.500% 12/01/45			2019-02-15
	1. HD SUPPLY HOLDINGS INC		2018-08-07	2019-02-15
	25. HD SUPPLY HOLDINGS INC		2017-05-25	2019-02-15
	2. METTLER-TOLEDO INTL INC			2019-02-15
	108. EXTENDED STAY AMERICA INC			2019-02-25
	9. HILTON WORLDWIDE HOLDINGS IN		2018-03-02	2019-02-25
	51. VORNADO REALTY TRUST		2018-03-02	2019-02-25
	11000. MCDONALD'S CORP 2.750% 12/09/20		2016-02-29	2019-02-26
	10000. WELLPOINT INC 4.350% 8/15/20		2016-04-11	2019-02-26
	.8957 APARTMENT INVT & MGMT CO -A		2017-09-07	2019-03-01
	2. HD SUPPLY HOLDINGS INC		2018-05-29	2019-03-01
	17. HD SUPPLY HOLDINGS INC		2017-05-25	2019-03-01
	9. O'REILLY AUTOMOTIVE INC		2017-07-13	2019-03-01
	16. SBA COMMUNICATIONS CORP			2019-03-01
	11. TRANSDIGM GROUP INC			2019-03-01
	2000. ENERGY TRANSFER EQUI 4.250% 3/15/23		2019-02-13	2019-03-05
	11061.947 EATON VANCE FLOATING RATE FD-I #924		2018-05-30	2019-03-07
	2746. ISHARES FLOATING RATE NOTE		2018-08-09	2019-03-07
	1962. ANTERO RESOURCES COR 5.625% 6/01/23		2017-05-05	2019-03-11
	38. ANTERO RESOURCES COR 5.625% 6/01/23		2017-05-05	2019-03-11
	2000. ANTERO RESOURCES FIN 5.375% 11/01/21		2015-01-05	2019-03-15
	104.47 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-03-15
	150.32 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-03-15
	13.5 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-03-15
	79.62 FHLMC POOL #G60384 4.500% 12/01/45			2019-03-15
	7. ESSEX PPTY TR COM		2018-03-02	2019-03-21
	2000. GOODYEAR TIRE & RUBB 4.875% 3/15/27			2019-03-21
	10. SIMON PROPERTY GROUP INC		2017-09-07	2019-03-21
	65. KAR AUCTION SERVICES INC			2019-03-27
	54. KAR AUCTION SERVICES INC			2019-03-27
	6. SBA COMMUNICATIONS CORP		2018-08-07	2019-03-27
	7. AON PLC		2012-08-10	2019-03-27
	1000. GOODYEAR TIRE & RUBB 4.875% 3/15/27		2017-05-09	2019-03-28
	2000. ENSCO PLC 5.750% 10/01/44		2017-02-08	2019-04-02
	2000. ENSCO PLC 5.750% 10/01/44		2017-01-09	2019-04-04
	12000. US TREASURY NOTE 3.125% 5/15/19			2019-04-05
	.2551 APARTMENT INVT & MGMT CO -A		2019-03-25	2019-04-08
	11. MARTIN MARIETTA MATLS INC COM		2017-03-01	2019-04-10
	4. MARTIN MARIETTA MATLS INC COM			2019-04-10
	13. SBA COMMUNICATIONS CORP			2019-04-10
	2. TRANSDIGM GROUP INC		2018-05-29	2019-04-10
	9. VERISK ANALYTICS INC			2019-04-10
	24. HFF INC		2017-08-10	2019-04-11
	223. HFF INC			2019-04-12
	162.2 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-04-15
	222.39 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-04-15
	9.39 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-04-15
	99.84 FHLMC POOL #G60384 4.500% 12/01/45			2019-04-15
	7. HFF INC		2017-08-16	2019-04-15
	25. HFF INC		2017-08-16	2019-04-16
	32. HFF INC		2017-08-16	2019-04-17
	8. HFF INC		2017-08-16	2019-04-18
	16. APPLE INC		2017-10-18	2019-04-22
	110. BERSHIRE HATHAWAY INC.			2019-04-22
	201. HFF INC		2017-08-16	2019-04-22
	26. MICROSOFT CORP		2017-10-18	2019-04-22
	2000. RADIAN GROUP INC 7.000% 3/15/21		2016-03-23	2019-04-22
	18. UNION PACIFIC CORP		2017-10-18	2019-04-22
	15000. UNITED TECHNOLOGIES 3.100% 6/01/22			2019-04-22
	1000. AMERICAN AXLE & MFG 6.625% 10/15/22		2017-12-06	2019-04-23
	92. HFF INC		2017-08-16	2019-04-23
	8. AMERICAN TOWER REIT		2017-11-30	2019-04-24
	2000. CHEMOURS CO 6.625% 5/15/23		2016-08-10	2019-04-24
	51. LIBERTY PPTY TR SH BEN INT		2018-10-24	2019-04-24
	20. BROOKFIELD ASSET MANAGE-CL A		2018-02-05	2019-04-26
	29. CARMAX INC			2019-04-26
	11. GARTNER INC		2018-08-07	2019-04-26
	8. GARTNER INC		2018-02-05	2019-04-26
	6. MARTIN MARIETTA MATLS INC COM		2018-05-10	2019-04-26
	12. SBA COMMUNICATIONS CORP		2015-05-14	2019-04-26
	3. TRANSDIGM GROUP INC		2016-12-07	2019-04-26
	3000. DISH DBS CORP 5.875% 7/15/22		2018-03-08	2019-05-03
	4411.116 JOHCM INTERNATIONAL SEL-I #180			2019-05-06
	1363.699 T ROWE PRICE INST EM MKT EQ 146			2019-05-06
	2432.808 T ROWE PRICE INST EM MKT EQ 146			2019-05-06
	902.201 TWEEDY BROWNE FD GLOBAL VALUE #1		2018-08-29	2019-05-06
	14211.216 VANGUARD SHORT TERM-INVEST GRD #539		2016-10-13	2019-05-07
	171. ROCHE HOLDINGS LTD - ADR		2017-03-21	2019-05-09
	30. THERMO FISHER SCIENTIFIC INC		2017-10-18	2019-05-09
	44. ZOETIS INC		2017-10-18	2019-05-09
	3000. CONSOL ENERGY INC 5.875% 4/15/22		2016-02-08	2019-05-15
	153.96 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-05-15
	220.94 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-05-15
	20.17 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-05-15
	97.19 FHLMC POOL #G60384 4.500% 12/01/45			2019-05-15
	59. LIBERTY PPTY TR SH BEN INT			2019-05-16
	2000. SPRINT CORP 7.125% 6/15/24		2018-08-07	2019-05-24
	13. AIR PRODS & CHEMS INC COM			2019-05-29
	10000. BANK OF MONTREAL 3.100% 7/13/20		2018-07-11	2019-05-29
	58. LIBERTY EXPEDIA HOLDINGS INC			2019-05-29
	3000. ENSCO PLC 7.750% 2/01/26		2019-04-04	2019-06-04
	13. EXTRA SPACE STORAGE INC		2017-09-07	2019-06-10
	24. EXTRA SPACE STORAGE INC			2019-06-10
	82. HILTON GRAND VACATIONS INC			2019-06-10
	65. HILTON GRAND VACATIONS INC		2018-03-02	2019-06-10
	34. PROLOGIS INC			2019-06-10
	10. SIMON PROPERTY GROUP INC		2017-09-07	2019-06-10
	60. WALT DISNEY CO		2017-03-21	2019-06-11
	50. LAS VEGAS SANDS CORP		2018-07-27	2019-06-11
	746. ROCHE HOLDINGS LTD - ADR			2019-06-11
	202.51 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-06-15
	268.3 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-06-15
	17.63 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-06-15
	151.97 FHLMC POOL #G60384 4.500% 12/01/45			2019-06-15
	3000. LENNAR CORP 4.500% 6/15/19			2019-06-15
	2000. DIAMONDBACK ENERGY 4.750% 11/01/24		2018-03-16	2019-06-19
	20990.519 T ROWE PRICE INST EM MKT EQ 146			2019-06-19
	11. AIR PRODS & CHEMS INC COM			2019-06-26
	4. EQUINIX INC			2019-06-26
	4. EQUINIX INC			2019-06-26
	4. TRANSDIGM GROUP INC		2016-12-07	2019-06-26
	5. VERISIGN INC COM		2018-05-29	2019-06-26
	6. VERISIGN INC COM		2018-08-07	2019-06-26
	15. VERISK ANALYTICS INC			2019-06-26
	3000. ROWAN COMPANIES INC 4.875% 6/01/22		2017-08-07	2019-06-27
	5000. PROCTER & GAMBLE CO/ 2.300% 2/06/22		2018-08-08	2019-06-28
	15000. PROCTER & GAMBLE CO/ 2.300% 2/06/22		2016-04-11	2019-06-28
	3. ALPHABET INC/CA		2019-05-09	2019-07-02
	37. NIKE INC CL B		2017-10-30	2019-07-02
	3000. OLIN CORP 5.125% 9/15/27		2018-08-15	2019-07-02
	33. APPLE INC		2017-10-18	2019-07-03
	158. CISCO SYSTEMS INC		2017-03-21	2019-07-03
	43. MICROSOFT CORP		2017-10-18	2019-07-03
	33. UNION PACIFIC CORP		2017-10-18	2019-07-03
	29. CORPORATE OFFICE PROPERTIES COM		2017-11-30	2019-07-05
	2000. HCA INC 5.875% 3/15/22			2019-07-05
	164. HUDSON PACIFIC PROPERTIES INC		2018-03-02	2019-07-05
	3. EQUINIX INC		2015-11-02	2019-07-10
	3. O'REILLY AUTOMOTIVE INC		2017-07-13	2019-07-10
	17. PROGRESSIVE CORP OHIO			2019-07-10
	8. VERISIGN INC COM			2019-07-10
	9. VERISK ANALYTICS INC			2019-07-10
	2000. CCO HLDGS LLC/CAP CO 5.125% 2/15/23		2018-02-14	2019-07-15
	197.68 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-07-15
	260.23 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-07-15
	23.31 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-07-15
	250.04 FHLMC POOL #G60384 4.500% 12/01/45			2019-07-15
	8. CORPORATE OFFICE PROPERTIES COM		2019-01-16	2019-07-16
	58. CORPORATE OFFICE PROPERTIES COM		2017-11-30	2019-07-16
	10.6 PROLOGIS INC		2017-09-07	2019-07-16
	15.4 PROLOGIS INC		2018-08-01	2019-07-16
	90. SPIRIT REALTY CAPITAL INC			2019-07-16
	22. SPIRIT REALTY CAPITAL INC		2018-03-02	2019-07-16
	3000. CF INDUSTRIES INC 3.450% 6/01/23		2017-10-25	2019-07-17
	10000. US TREASURY NOTE 2.000% 12/31/22		2017-03-10	2019-07-18
	3000. CENTURYLINK INC 7.500% 4/01/24		2017-06-21	2019-07-19
	45. ELI LILLY & CO COM		2017-10-18	2019-07-19
	33. MERCK & CO INC NEW			2019-07-19
	28. THERMO FISHER SCIENTIFIC INC			2019-07-19
	69. ZOETIS INC			2019-07-19
	2000. CHESAPEAKE ENERGY CO 8.000% 6/15/27		2018-05-18	2019-07-23
	3000. T-MOBILE USA INC 5.375% 4/15/27		2017-05-16	2019-07-23
	3000. DIAMONDBACK ENERGY 5.375% 5/31/25		2017-08-01	2019-07-26
	3. COPART INC COM		2018-05-29	2019-07-29
	25. COPART INC COM			2019-07-29
	16. DOLLAR GENERAL CORP		2018-06-22	2019-07-29
	14. MOHAWK INDS INC COM		2012-08-10	2019-07-29
	9. S&P GLOBAL INC		2016-01-26	2019-07-29
	3. TRANSDIGM GROUP INC		2016-12-07	2019-07-29
	3. VERISIGN INC COM		2012-08-10	2019-07-29
	83. CME GROUP INC			2019-07-30
	129. COPART INC COM		2017-08-10	2019-08-01
	3000. ICAHN ENTERPRISES/FI 6.000% 8/01/20			2019-08-01
	84. COPART INC COM		2017-08-10	2019-08-02
	8. EXPEDIA INC		2012-10-11	2019-08-02
	10000. FED NATL MTG ASSN 2.625% 9/06/24		2015-04-21	2019-08-02
	211. COPART INC COM		2017-08-10	2019-08-05
	405. COPART INC COM		2017-08-10	2019-08-06
	28. CORPORATE OFFICE PROPERTIES COM		2019-01-16	2019-08-06
	7. CROWN CASTLE INTL CORP		2017-09-07	2019-08-06
	47. EXTENDED STAY AMERICA INC		2018-03-02	2019-08-06
	135. EXTENDED STAY AMERICA INC			2019-08-06
	22. HILTON WORLDWIDE HOLDINGS IN		2018-03-02	2019-08-06
	5000. BNP PARIBAS 5.000% 1/15/21		2018-03-14	2019-08-13
	50. COGNIZANT TECH SOLUTIONS CRP COM		2017-10-18	2019-08-13
	32. DIAGEO PLC - ADR		2017-10-18	2019-08-13
	56. MONDELEZ INTERNATIONAL INC		2018-07-27	2019-08-13
	30. UNION PACIFIC CORP		2017-10-18	2019-08-13
	46. UNITED PARCEL SERVICE-CL B		2017-10-18	2019-08-13
	5000. US TREASURY NOTE 2.625% 6/15/21		2018-07-02	2019-08-13
	5000. FED NATL MTG ASSN 2.625% 9/06/24		2015-04-21	2019-08-14
	6. AIR PRODS & CHEMS INC COM			2019-08-15
	39. ECHOSTAR CORPORATION			2019-08-15
	282.29 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-08-15
	309.58 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-08-15
	17.22 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-08-15
	141.53 FHLMC POOL #G60384 4.500% 12/01/45			2019-08-15
	17. GARTNER INC			2019-08-15
	2. METTLER-TOLEDO INTL INC		2018-06-22	2019-08-15
	27. MOHAWK INDS INC COM		2012-08-10	2019-08-15
	27. RESTAURANT BRANDS INTERN			2019-08-15
	4000. CVS HEALTH CORP 3.350% 3/09/21		2018-06-11	2019-08-21
	2. ALEXANDRIA REAL ESTATE EQUITIES		2017-11-26	2019-08-26
	14. ALEXANDRIA REAL ESTATE EQUITIES			2019-08-26
	.28 EXPEDIA INC		2012-10-11	2019-08-26
	11000. JPMORGAN CHASE & CO 4.400% 7/22/20			2019-08-26
	86. SPIRIT REALTY CAPITAL INC		2018-03-02	2019-08-26
	28. COPART INC COM		2018-10-05	2019-08-30
	18. RESTAURANT BRANDS INTERN			2019-08-30
	6. TRANSDIGM GROUP INC			2019-08-30
	18. TRANSUNION			2019-08-30
	3000. CLEAR CHANNEL WORLDW 6.500% 11/15/22		2016-01-29	2019-09-04
	15. SUNSTONE HOTEL INVS INC NEW		2018-03-02	2019-09-05
	58. SUNSTONE HOTEL INVS INC NEW		2018-12-07	2019-09-05
	132. TANGER FACTORY OUTLET CTR		2018-03-02	2019-09-05
	13736.264 PIMCO FOREIGN BD FD USD H-INST #103		2019-05-07	2019-09-09
	18. APPLE INC		2017-10-18	2019-09-10
	58. CELANESE CORP		2017-10-18	2019-09-10
	46. CITIGROUP INC		2019-07-30	2019-09-10
	49. PNC FINANCIAL SERVICES GROUP			2019-09-10
	1. ALEXANDRIA REAL ESTATE EQUITIES		2017-11-26	2019-09-11
	8. AMERICAN HOMES 4 RENT		2019-02-05	2019-09-11
	1. AMERICAN TOWER REIT		2019-08-06	2019-09-11
	3. ANSYS INC		2018-06-22	2019-09-11
	3. APARTMENT INVT & MGMT CO -A		2019-05-16	2019-09-11
	2. AVALONBAY CMNTYS INC		2019-06-10	2019-09-11
	1. BOSTON PROPERTIES INC COM		2019-04-24	2019-09-11
	6. BROOKFIELD ASSET MANAGE-CL A		2019-08-15	2019-09-11
	8. BROWN & BROWN INC		2018-08-17	2019-09-11
	1. BROWN FORMAN CORP CL B		2018-05-29	2019-09-11
	7. CBRE GROUP INC		2018-08-07	2019-09-11
	1. COLFAX CORPORATION		2014-11-12	2019-09-11
	1. COPART INC COM		2018-10-05	2019-09-11
	3. CUBESMART		2019-03-21	2019-09-11
	6. EPR PROPERTIES		2017-09-07	2019-09-11
	2. EQUITY LIFESTYLE PPTYS INC		2018-03-02	2019-09-11
	1. EQUITY RESIDENTIAL PPTYS TR SH BEN		2018-03-02	2019-09-11
	1. ESSENTIAL PROPERTIES REALTY		2019-08-26	2019-09-11
	1. ESSEX PPTY TR COM		2018-03-02	2019-09-11
	1. EXTRA SPACE STORAGE INC		2017-09-07	2019-09-11
	1. FASTENAL CO		2019-07-29	2019-09-11
	4. FIRST INDL RLTY TR INC COM		2017-09-07	2019-09-11
	4. GCI LIBERTY INC		2018-08-07	2019-09-11
	2. HCP INC		2017-09-07	2019-09-11
	2. HEALTHCARE RLTY TR COM		2019-07-05	2019-09-11
	1. HEALTHCARE TRUST OF AME-CL A		2019-02-05	2019-09-11
	5. HILTON WORLDWIDE HOLDINGS IN		2019-04-26	2019-09-11
	1. HILTON WORLDWIDE HOLDINGS IN		2018-03-02	2019-09-11
	1. HYATT HOTELS CORP		2018-08-29	2019-09-11
	1. IDEXX CORP		2018-08-01	2019-09-11
	8. INVITATION HOMES INC		2019-05-16	2019-09-11
	7. KENNEDY-WILSON HOLDINGS INC			2019-09-11
	3. KILROY REALTY CORP COM		2019-02-25	2019-09-11
	2. LIBERTY BROADBAND CORP		2017-03-14	2019-09-11
	3. LIBERTY BROADBAND CORP		2018-08-07	2019-09-11
	2. LIBERTY SIRIUSXM GROUP		2018-08-07	2019-09-11
	5. LIBERTY SIRIUSXM GROUP		2018-08-07	2019-09-11
	5. LIBERTY MEDIA GROUP		2017-06-08	2019-09-11
	1. MARTIN MARIETTA MATLS INC COM		2018-05-10	2019-09-11
	1. METTLER-TOLEDO INTL INC		2018-06-22	2019-09-11
	2. MICROCHIP TECHNOLOGY INC COM		2018-08-07	2019-09-11
	1. MOTOROLA SOLUTIONS, INC.		2019-05-29	2019-09-11
	1. O'REILLY AUTOMOTIVE INC		2017-07-13	2019-09-11
	11. PHYSICIANS REALTY TRUST		2017-09-07	2019-09-11
	1. PROGRESSIVE CORP OHIO		2017-03-14	2019-09-11
	2. PUBLIC STORAGE INC COM		2017-09-07	2019-09-11
	1. REALPAGE INC		2018-09-17	2019-09-11
	9. REGENCY CENTERS CORP		2018-07-23	2019-09-11
	5. RESTAURANT BRANDS INTERN		2018-05-25	2019-09-11
	1. ROPER TECHNOLOGIES INC		2015-03-09	2019-09-11
	3. SBA COMMUNICATIONS CORP		2015-05-14	2019-09-11
	5. SABRA HEALTH CARE REIT -		2019-05-16	2019-09-11
	2. SAUL CTRS INC COM		2018-03-02	2019-09-11
	6. SLACK TECHNOLOGIES INC		2019-06-26	2019-09-11
	3. STORE CAPITAL CORP		2019-07-16	2019-09-11
	4. SUMMIT MATERIALS INC		2018-08-29	2019-09-11
	1. SUN CMNTYS INC COM		2019-06-10	2019-09-11
	1. SUNSTONE HOTEL INVS INC NEW		2018-03-02	2019-09-11
	2000. THC ESCROW CORP 6.000% 10/01/20		2019-01-24	2019-09-11
	2. TERRENO REALTY CORP		2019-06-14	2019-09-11
	4. VICI PROPERTIES INC		2019-07-05	2019-09-11
	3. VULCAN MATERIALS COMPANY		2018-05-29	2019-09-11
	2. WAYFAIR INC		2019-07-10	2019-09-11
	7. WELLTOWER INC		2019-06-10	2019-09-11
	4. WEYERHAEUSER CO		2018-03-02	2019-09-11
	2. AON PLC		2012-08-10	2019-09-11
	8. ARCH CAPITAL GROUP LTD		2017-03-14	2019-09-11
	5. IHS MARKIT LTD		2018-08-07	2019-09-11
	2. LIBERTY GLOBAL PLC-A		2018-08-07	2019-09-11
	6. LIBERTY GLOBAL PLC-SERIES C		2017-03-14	2019-09-11
	2. WIX.COM LTD		2018-09-17	2019-09-11
	5. INTERXION HOLDING NV		2018-11-15	2019-09-11
	3000. DAVITA INC 5.750% 8/15/22		2014-06-19	2019-09-13
	252.34 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-09-15
	317.96 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-09-15
	24.52 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-09-15
	234.51 FHLMC POOL #G60384 4.500% 12/01/45			2019-09-15
	6000. CVS HEALTH CORP 3.350% 3/09/21		2018-06-11	2019-09-18
	2000. TRIBUNE MEDIA CO 5.875% 7/15/22		2016-09-27	2019-09-19
	6. S&P GLOBAL INC		2016-01-26	2019-09-20
	30. IHS MARKIT LTD			2019-09-20
	4. AVALONBAY CMNTYS INC		2019-02-05	2019-09-23
	4. ESSEX PPTY TR COM		2018-03-02	2019-09-23
	10000. US TREASURY NOTE 2.125% 9/30/21			2019-09-25
	15. SBA COMMUNICATIONS CORP			2019-09-26
	5. APARTMENT INVT & MGMT CO -A		2017-09-07	2019-10-07
	11. APARTMENT INVT & MGMT CO -A			2019-10-07
	2000. SERVICE CORP INTL 5.125% 6/01/29		2019-06-25	2019-10-11
	5. ANSYS INC		2018-06-22	2019-10-14
	9. DOLLAR GENERAL CORP		2018-06-22	2019-10-14
	2. EQUINIX INC		2015-11-02	2019-10-14
	1. METTLER-TOLEDO INTL INC		2019-01-17	2019-10-14
	8. S&P GLOBAL INC		2016-01-26	2019-10-14
	4. VERISIGN INC COM		2012-08-10	2019-10-14
	8. VERISK ANALYTICS INC		2015-11-20	2019-10-14
	240.78 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2019-10-15
	359.78 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2019-10-15
	23.49 FHLMC POOL #C09066 3.500% 10/01/44		2014-11-07	2019-10-15
	129.6 FHLMC POOL #G60384 4.500% 12/01/45			2019-10-15
	6. MARTIN MARIETTA MATLS INC COM			2019-10-15
	3000. ISTAR INC 6.500% 7/01/21		2016-04-14	2019-10-16
	21. LAM RESEARCH CORP COM		2018-07-24	2019-10-16
	26. NIKE INC CL B		2017-10-30	2019-10-16
	17. UNITEDHEALTH GROUP INC		2017-10-18	2019-10-16
	1492. UBS GROUP AG			2019-10-16
	349. UBS GROUP AG		2019-04-22	2019-10-16
	60. TE CONNECTIVITY LTD		2017-10-18	2019-10-16
	3000. CCO HLDGS LLC/CAP CO 5.750% 1/15/24		2013-11-26	2019-10-18
	1000. EDISON INTERNATIONAL 5.750% 6/15/27		2019-07-16	2019-10-28
	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	2,526	2,549	-23
b	1,132	1,009	123
c	2,324	890	1,434
d	3,350	3,066	284
e	164	174	-10
	230	238	-8
	20	21	-1
	95	104	-9
	984	856	128
	328	366	-38
	7,066	2,878	4,188
	2,660	1,331	1,329
	4,909	4,349	560
	546	497	49
	2,415	775	1,640
	2,665	4,404	-1,739
	22,416	34,657	-12,241
	10,027	10,671	-644
	3,126	2,894	232
	1,982	1,772	210
	1,024	953	71
	725	830	-105
	720	830	-110
	927	857	70
	44,745	50,000	-5,255
	121,558	140,000	-18,442
	8,020	8,537	-517
	1,900	2,015	-115
	137	145	-8
	175	180	-5
	11	12	-1
	175	190	-15
	1,348	1,285	63
	1,160	1,299	-139
	989	2,808	-1,819
	1,214	1,206	8
	1,971	1,374	597
	580	980	-400
	1,498	432	1,066
	997	749	248
	2,992	2,655	337
	5,010	3,258	1,752
	4,800	2,356	2,444
	3,476	1,863	1,613
	2,934	1,033	1,901
	4,239	5,942	-1,703
	12,414	15,558	-3,144
	2,638	3,118	-480
	6,248	4,890	1,358
	4,003	3,023	980
	678	830	-152
	683	830	-147
	2,550	2,888	-338
	2,558	3,090	-532
	5,011	5,336	-325
	2,565	2,828	-263
	87,814	100,000	-12,186
	128	136	-8
	161	166	-5
	8	8
	70	76	-6
	2,448	2,531	-83
	56	58	-2
	202	209	-7
	1,144	1,009	135
	683	557	126
	733	702	31
	940	1,027	-87
	3,151	1,137	2,014
	2,431	1,381	1,050
	1,658	767	891
	1,064	361	703
	2,835	3,083	-248
	3,124	3,270	-146
	2,046	2,249	-203
	2,046	2,651	-605
	3,329	825	2,504
	2,052	1,169	883
	1,135	672	463
	686	577	109
	7,500	8,854	-1,354
	1,579	1,864	-285
	15,531	7,931	7,600
	2,205	1,847	358
	129	137	-8
	149	154	-5
	12	12
	134	146	-12
	44	44
	1,093	1,040	53
	1,335	1,169	166
	1,929	2,144	-215
	753	709	44
	3,498	3,367	131
	10,990	11,337	-347
	10,187	10,859	-672
	44	42	2
	86	80	6
	731	707	24
	3,341	1,642	1,699
	2,903	2,543	360
	4,801	3,884	917
	2,025	2,023	2
	98,673	100,000	-1,327
	139,316	140,060	-744
	1,967	2,016	-49
	38	39	-1
	2,018	1,973	45
	104	111	-7
	150	155	-5
	14	14
	80	87	-7
	2,024	1,554	470
	1,850	2,000	-150
	1,775	1,611	164
	3,189	1,314	1,875
	2,649	3,190	-541
	1,168	950	218
	1,174	361	813
	915	1,000	-85
	1,295	1,585	-290
	1,310	1,505	-195
	12,008	12,633	-625
	13	13
	2,245	2,464	-219
	816	872	-56
	2,627	1,519	1,108
	913	671	242
	1,215	1,002	213
	1,141	888	253
	10,610	8,255	2,355
	162	172	-10
	222	229	-7
	9	10	-1
	100	109	-9
	333	259	74
	1,191	926	265
	1,515	1,185	330
	381	296	85
	3,267	2,564	703
	23,059	19,268	3,791
	9,569	7,441	2,128
	3,211	2,022	1,189
	2,128	2,070	58
	3,225	1,996	1,229
	15,050	15,995	-945
	1,023	1,039	-16
	4,379	3,406	973
	1,541	1,154	387
	2,070	1,907	163
	2,497	2,127	370
	957	790	167
	2,250	2,184	66
	1,739	1,534	205
	1,265	1,079	186
	1,285	1,272	13
	2,401	1,389	1,012
	1,436	759	677
	2,933	2,928	5
	100,000	95,021	4,979
	53,880	46,169	7,711
	96,120	90,000	6,120
	25,000	26,389	-1,389
	150,497	152,913	-2,416
	5,475	5,377	98
	8,021	5,674	2,347
	4,452	2,884	1,568
	2,910	2,501	409
	154	163	-9
	221	228	-7
	20	21	-1
	97	106	-9
	2,849	2,397	452
	2,055	2,085	-30
	2,630	1,707	923
	10,061	9,995	66
	2,412	1,171	1,241
	2,265	2,580	-315
	1,417	1,063	354
	2,616	2,099	517
	2,308	2,981	-673
	1,829	2,893	-1,064
	2,667	2,260	407
	1,616	1,611	5
	8,129	6,710	1,419
	2,937	3,556	-619
	25,451	23,377	2,074
	203	215	-12
	268	277	-9
	18	18
	152	165	-13
	3,000	3,078	-78
	2,049	1,976	73
	818,840	648,831	170,009
	2,463	1,202	1,261
	1,959	1,443	516
	1,959	1,736	223
	1,916	1,011	905
	1,031	639	392
	1,237	916	321
	2,148	1,324	824
	2,760	2,850	-90
	5,040	4,907	133
	15,119	15,524	-405
	3,330	3,464	-134
	3,132	2,034	1,098
	3,083	2,978	105
	6,717	5,288	1,429
	8,812	5,364	3,448
	5,892	3,345	2,547
	5,654	3,659	1,995
	797	882	-85
	2,191	2,088	103
	5,591	5,166	425
	1,556	901	655
	1,154	547	607
	1,416	675	741
	1,733	451	1,282
	1,351	686	665
	2,033	2,005	28
	198	210	-12
	260	268	-8
	23	24	-1
	250	272	-22
	214	187	27
	1,552	1,764	-212
	865	677	188
	1,257	1,008	249
	3,965	3,807	158
	969	875	94
	3,034	2,981	53
	10,113	9,916	197
	3,315	3,300	15
	4,840	3,858	982
	2,691	2,105	586
	8,159	4,732	3,427
	7,902	4,345	3,557
	1,570	2,020	-450
	3,210	3,221	-11
	3,150	3,120	30
	237	166	71
	1,978	1,414	564
	2,180	1,606	574
	1,743	1,000	743
	2,195	758	1,437
	1,483	759	724
	642	139	503
	16,385	10,770	5,615
	10,069	4,028	6,041
	3,000	3,180	-180
	6,396	2,623	3,773
	1,033	276	757
	10,440	10,426	14
	15,541	6,588	8,953
	30,196	12,645	17,551
	758	653	105
	947	750	197
	696	932	-236
	2,000	2,597	-597
	2,022	1,734	288
	5,193	5,247	-54
	3,086	3,703	-617
	5,248	4,339	909
	3,071	2,407	664
	5,067	3,326	1,741
	5,367	5,454	-87
	5,084	4,998	86
	5,258	5,213	45
	1,349	648	701
	1,507	1,163	344
	282	299	-17
	310	319	-9
	17	18	-1
	142	154	-12
	2,131	2,283	-152
	1,327	1,168	159
	2,990	1,928	1,062
	1,999	1,674	325
	4,089	3,996	93
	293	249	44
	2,051	1,812	239
	36	10	26
	11,244	11,969	-725
	3,960	3,420	540
	2,118	1,451	667
	1,419	1,081	338
	3,213	1,443	1,770
	1,502	1,346	156
	3,065	3,020	45
	202	216	-14
	782	864	-82
	1,964	2,990	-1,026
	155,220	150,000	5,220
	3,852	2,884	968
	7,144	6,028	1,116
	3,166	3,285	-119
	6,741	5,924	817
	152	124	28
	196	183	13
	215	216	-1
	643	540	103
	153	151	2
	418	418
	131	136	-5
	317	300	17
	283	239	44
	65	57	8
	388	347	41
	30	54	-24
	81	52	29
	106	96	10
	464	424	40
	261	167	94
	84	56	28
	22	22
	321	222	99
	116	82	34
	33	31	2
	153	125	28
	254	190	64
	70	60	10
	66	65	1
	28	28
	477	442	35
	95	79	16
	77	79	-2
	273	239	34
	222	202	20
	156	152	4
	231	225	6
	215	168	47
	322	236	86
	84	95	-11
	211	237	-26
	210	185	25
	257	212	45
	714	584	130
	189	195	-6
	166	150	16
	405	183	222
	190	208	-18
	76	40	36
	499	429	70
	63	63
	617	555	62
	364	292	72
	353	168	185
	732	347	385
	111	102	9
	107	99	8
	154	225	-71
	109	102	7
	91	87	4
	144	129	15
	14	14
	2,078	2,060	18
	99	95	4
	88	89	-1
	433	382	51
	257	294	-37
	618	577	41
	112	138	-26
	378	103	275
	324	254	70
	330	270	60
	55	57	-2
	161	211	-50
	259	224	35
	383	316	67
	3,029	3,221	-192
	252	268	-16
	318	328	-10
	25	25
	235	255	-20
	6,093	5,994	99
	2,029	2,022	7
	1,527	505	1,022
	2,021	1,551	470
	839	776	63
	1,295	888	407
	10,080	10,189	-109
	3,689	1,704	1,985
	265	237	28
	583	549	34
	2,138	2,115	23
	1,122	900	222
	1,455	904	551
	1,137	601	536
	682	579	103
	2,020	673	1,347
	741	185	556
	1,249	590	659
	241	255	-14
	360	371	-11
	23	24	-1
	130	141	-11
	1,595	1,270	325
	3,049	2,994	55
	4,946	3,644	1,302
	2,461	1,429	1,032
	3,997	3,488	509
	16,678	29,423	-12,745
	3,901	4,639	-738
	5,562	5,256	306
	3,058	2,843	215
	1,054	1,109	-55
			86,084

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			-23
b			123
c			1,434
d			284
e			-10
			-8
			-1
			-9
			128
			-38
			4,188
			1,329
			560
			49
			1,640
			-1,739
			-12,241
			-644
			232
			210
			71
			-105
			-110
			70
			-5,255
			-18,442
			-517
			-115
			-8
			-5
			-1
			-15
			63
			-139
			-1,819
			8
			597
			-400
			1,066
			248
			337
			1,752
			2,444
			1,613
			1,901
			-1,703
			-3,144
			-480
			1,358
			980
			-152
			-147
			-338
			-532
			-325
			-263
			-12,186
			-8
			-5

			-6
			-83
			-2
			-7
			135
			126
			31
			-87
			2,014
			1,050
			891
			703
			-248
			-146
			-203
			-605
			2,504
			883
			463
			109
			-1,354
			-285
			7,600
			358
			-8
			-5

			-12

			53
			166
			-215
			44
			131
			-347
			-672
			2
			6
			24
			1,699
			360
			917
			2
			-1,327
			-744
			-49
			-1
			45
			-7
			-5

			-7
			470
			-150
			164
			1,875
			-541
			218
			813
			-85
			-290
			-195
			-625

			-219
			-56
			1,108
			242
			213
			253
			2,355
			-10
			-7
			-1
			-9
			74
			265
			330
			85
			703
			3,791
			2,128
			1,189
			58
			1,229
			-945
			-16
			973
			387
			163
			370
			167
			66
			205
			186
			13
			1,012
			677
			5
			4,979
			7,711
			6,120
			-1,389
			-2,416
			98
			2,347
			1,568
			409
			-9
			-7
			-1
			-9
			452
			-30
			923
			66
			1,241
			-315
			354
			517
			-673
			-1,064
			407
			5
			1,419
			-619
			2,074
			-12
			-9

			-13
			-78
			73
			170,009
			1,261
			516
			223
			905
			392
			321
			824
			-90
			133
			-405
			-134
			1,098
			105
			1,429
			3,448
			2,547
			1,995
			-85
			103
			425
			655
			607
			741
			1,282
			665
			28
			-12
			-8
			-1
			-22
			27
			-212
			188
			249
			158
			94
			53
			197
			15
			982
			586
			3,427
			3,557
			-450
			-11
			30
			71
			564
			574
			743
			1,437
			724
			503
			5,615
			6,041
			-180
			3,773
			757
			14
			8,953
			17,551
			105
			197
			-236
			-597
			288
			-54
			-617
			909
			664
			1,741
			-87
			86
			45
			701
			344
			-17
			-9
			-1
			-12
			-152
			159
			1,062
			325
			93
			44
			239
			26
			-725
			540
			667
			338
			1,770
			156
			45
			-14
			-82
			-1,026
			5,220
			968
			1,116
			-119
			817
			28
			13
			-1
			103
			2

			-5
			17
			44
			8
			41
			-24
			29
			10
			40
			94
			28

			99
			34
			2
			28
			64
			10
			1

			35
			16
			-2
			34
			20
			4
			6
			47
			86
			-11
			-26
			25
			45
			130
			-6
			16
			222
			-18
			36
			70

			62
			72
			185
			385
			9
			8
			-71
			7
			4
			15

			18
			4
			-1
			51
			-37
			41
			-26
			275
			70
			60
			-2
			-50
			35
			67
			-192
			-16
			-10

			-20
			99
			7
			1,022
			470
			63
			407
			-109
			1,985
			28
			34
			23
			222
			551
			536
			103
			1,347
			556
			659
			-14
			-11
			-1
			-11
			325
			55
			1,302
			1,032
			509
			-12,745
			-738
			306
			215
			-55

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	365,404
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	440,634	10,416,051	0.042303
2016	437,133	9,695,493	0.045086
2015	422,821	9,240,193	0.045759
2014	420,081	9,929,702	0.042305
2013	420,950	10,020,778	0.042008

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

0.217461

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 ......

0.043492

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

10,348,461

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

450,075

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

4,845

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

454,920

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

475,065

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	4,845
	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	4,845
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	4,845
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	6,920
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	6,920
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	2,075
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax2,075	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?........

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

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)

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

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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	(e) Expense account, other allowances
Wells Fargo Bank NA	Trustee 1	100,971
100 N Main St MAC D4001-117 Winston Salem,NC27101	Trustee 1	100,971

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

10,128,504

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

377,548

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

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

10,506,052

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

10,506,052

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

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

157,591

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

10,348,461

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

517,423

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

517,423

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

4,845

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

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

4,845

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

512,578

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

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

512,578

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

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

512,578

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 ..........

475,065

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

475,065

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

4,845

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

470,220

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					512,578
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				463,147
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 475,065
a Applied to 2017, but not more than line 2a				463,147
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.....					11,918
e Remaining amount distributed out of corpus		0
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		0
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 ..........					500,660
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 ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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
EMORY UNIVERSITY 1599 CLIFTON ROAD 3RD FLOOR ATLANTA,GA30322	NONE	PC	GENERAL OPERATING	464,000
Total ................................. 3a				464,000

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	226,453
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	365,404
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	135
bOTHER INCOME			1	393
cOTHER INCOME			1	39
d
e
12 Subtotal. Add columns (b), (d), and (e)..				592,424

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

592,424

(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

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	968			968

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

TW LUCY C HARRIS EU

EIN:

58-6163830

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
31335AM96 FHLMC POOL #G60384	AT COST	10,236	10,108
31641Q755 FIDELITY NEW MRKTS I	AT COST	178,592	164,464
55261F104 M & T BANK CORPORATI	AT COST	3,510	6,887
225310101 CREDIT ACCEPTANCE CO	AT COST	8,386	7,881
36164V305 GCI LIBERTY INC	AT COST	4,799	13,156
531229607 LIBERTY SIRIUSXM GRO	AT COST	3,936	9,535
40171V100 GUIDEWIRE SOFTWARE I	AT COST	12,295	14,205
192446102 COGNIZANT TECH SOLUT	AT COST	31,246	30,592
437076102 HOME DEPOT INC	AT COST	18,672	28,619
26875P101 EOG RESOURCES, INC	AT COST	28,739	19,407
91324P102 UNITEDHEALTH GROUP I	AT COST	28,785	42,959
11135F101 BROADCOM INC	AT COST	30,272	31,042
03674XAC0 ANTERO RESOURCES COR	AT COST	2,816	2,246
23918KAR9 DAVITA HEALTHCARE PA	AT COST	3,053	3,031
962178AN9 TRI POINTE HOLDINGS	AT COST	3,053	3,233
00766TAD2 AECOM	AT COST	2,175	2,156
989194AM7 ZAYO GROUP LLC/ZAYO	AT COST	3,098	3,086
448579102 HYATT HOTELS CORP	AT COST	10,448	10,389
143130102 CARMAX INC	AT COST	20,788	42,020
25754A201 DOMINOS PIZZA INC	AT COST	19,851	21,186
Y2573F102 FLEXTRONICS INTL LTD	AT COST	36,738	28,717
037833100 APPLE COMPUTER INC C	AT COST	41,365	88,559
911365BC7 UNITED RENTALS NORTH	AT COST	1,970	2,043
00130HBW4 AES CORP/VA	AT COST	2,098	2,077
64110LAL0 NETFLIX INC	AT COST	2,055	2,200
745867AW1 PULTEGROUP INC	AT COST	3,090	3,361
629377CA8 NRG ENERGY INC	AT COST	2,205	2,190
78388JAV8 SBA COMMUNICATIONS	AT COST	1,985	2,078
432891AK5 HILTON WORLDWIDE FIN	AT COST	3,079	3,172
058498AS5 BALL CORP 4.000% 11/	AT COST	2,005	2,080
25470XAL9 DISH DBS CORP 5.000%	AT COST	3,008	3,023
268648AN2 EMC CORP 3.375% 6/01	AT COST	2,903	3,015
426281101 HENRY JACK & ASSOC I	AT COST	14,374	19,111
562750109 MANHATTAN ASSOCIATES	AT COST	7,740	13,491
75524B104 RBC BEARINGS INC	AT COST	16,019	24,226
101121101 BOSTON PROPERTIES IN	AT COST	13,657	14,818
74460D109 PUBLIC STORAGE INC C	AT COST	7,377	7,800
609207105 MONDELEZ INTERNATION	AT COST	31,883	38,970
064159FL5 BANK OF NOVA SCOTIA	AT COST	9,833	10,154
9128285M8 US TREASURY NOTE	AT COST	5,175	5,607
3128MJW71 FHLMC POOL #G08669	AT COST	12,006	11,974
56063N600 MAINSTAY CONVERTIBLE	AT COST	200,000	201,809
922031760 VANGUARD HIGH YIELD	AT COST	274,000	284,299
366651107 GARTNER INC	AT COST	25,400	31,740
530307107 LIBERTY BROADBAND CO	AT COST	2,423	7,079
89400J107 TRANSUNION	AT COST	18,703	26,025
852234103 SQUARE INC	AT COST	3,922	3,870
75606N109 REALPAGE INC	AT COST	15,214	15,561
44267D107 HOWARD HUGHES CORP/T	AT COST	16,157	15,208
33616C100 FIRST REPUBLIC BANK/	AT COST	22,178	24,144
G5480U104 LIBERTY GLOBAL PLC-A	AT COST	3,764	4,024
25243Q205 DIAGEO PLC - ADR	AT COST	26,178	34,249
285512109 ELECTRONIC ARTS INC	AT COST	23,486	26,221
911312106 UNITED PARCEL SERVIC	AT COST	25,988	27,526
23311VAG2 DCP MIDSTREAM OPERAT	AT COST	2,123	2,103
23918KAQ1 DAVITA HEALTHCARE PA	AT COST	3,055	3,062
85172FAN9 SPRINGLEAF FINANCE	AT COST	2,189	2,280
404119BR9 HCA INC 5.375% 2/01/	AT COST	2,098	2,198
25470XAW5 DISH DBS CORP 5.875%	AT COST	2,603	3,008
12505FAD3 CBS OUTDOOR AMERS CA	AT COST	3,195	3,079
910047AK5 UNITED CONTINENTAL	AT COST	2,115	2,100
103304BK6 BOYD GAMING CORP	AT COST	2,060	2,075
44701QBE1 HUNTSMAN INTERNATION	AT COST	2,060	2,114
893647AZ0 TRANSDIGM INC	AT COST	2,088	2,067
852061AM2 SPRINT NEXTEL CORP	AT COST	2,435	2,313
404121AG0 HCA INC 5.875% 5/01/	AT COST	3,188	3,292
63860UAK6 NATIONSTAR MORT/CAP	AT COST	2,828	3,011
60786M105 MOELIS & CO	AT COST	29,594	22,978
679580100 OLD DOMINION FREIGHT	AT COST	24,691	46,977
866674104 SUN CMNTYS INC COM	AT COST	9,824	18,054
828806109 SIMON PROPERTY GROUP	AT COST	19,460	18,232
44107P104 HOST HOTELS RESORTS	AT COST	7,511	7,343
29670E107 ESSENTIAL PROPERTIES	AT COST	4,327	5,106
42225P501 HEALTHCARE TRUST OF	AT COST	15,579	18,538
058498AU0 BALL CORP	AT COST	3,064	3,054
009158106 AIR PRODUCTS AND CHE	AT COST	8,253	16,634
150870103 CELANESE CORP	AT COST	26,823	35,376
172967424 CITIGROUP INC	AT COST	42,146	48,434
98978V103 ZOETIS INC	AT COST	8,876	20,595
172967LQ2 CITIGROUP INC	AT COST	14,957	15,249
9128286X3 US TREASURY NOTE	AT COST	10,127	10,325
92927K102 WABCO HOLDINGS INC	AT COST	36,337	35,944
12514G108 CDW CORP/DE	AT COST	30,341	63,315
015271109 ALEXANDRIA REAL ESTA	AT COST	16,378	21,431
264411505 DUKE REALTY CORPORAT	AT COST	6,304	8,750
29476L107 EQUITY RESIDENTIAL P	AT COST	3,507	5,586
297178105 ESSEX PPTY TR COM	AT COST	14,879	21,918
49427F108 KILROY REALTY CORP C	AT COST	9,543	11,582
758849103 REGENCY CENTERS CORP	AT COST	13,050	14,860
03748R754 APARTMENT INVT & MGM	AT COST	13,283	15,696
867892101 SUNSTONE HOTEL INVS	AT COST	6,464	6,066
N47279109 INTERXION HOLDING NV	AT COST	9,013	13,851
229663109 CUBESMART	AT COST	6,203	7,196
912828WJ5 US TREASURY NOTE 2.5	AT COST	20,358	20,844
606822BA1 MITSUBISHI UFJ FIN	AT COST	15,433	15,814
9128284F4 US TREASURY NOTE	AT COST	15,110	15,823
912828N30 US TREASURY NOTE	AT COST	19,833	20,373
256210105 DODGE & COX INCOME F	AT COST	165,000	171,749
00143W859 INV OPP DEVELOP MRKT	AT COST	800,000	819,864
77954Q403 T ROWE PRICE BLUE CH	AT COST	1,060,926	1,633,505
45168D104 IDEXX CORP	AT COST	11,493	15,676
92343E102 VERISIGN INC	AT COST	6,100	25,083
929042109 VORNADO REALTY TRUST	AT COST	3,505	3,413
422806208 HEICO CORP CL A	AT COST	2,246	3,239
03662Q105 ANSYS INC	AT COST	18,856	24,437
023586100 AMERCO	AT COST	8,379	9,316
31620R303 FNF GROUP	AT COST	17,706	30,804
29444U700 EQUINIX INC	AT COST	32,952	44,776
256677105 DOLLAR GENERAL CORP	AT COST	5,453	14,270
489398107 KENNEDY-WILSON HOLDI	AT COST	10,295	11,482
620076307 MOTOROLA SOLUTIONS,	AT COST	3,745	9,647
43300A203 HILTON WORLDWIDE HOL	AT COST	33,535	41,596
09215C105 BLACK KNIGHT INC	AT COST	19,787	31,265
194014106 COLFAX CORPORATION	AT COST	14,658	13,608
532457108 ELI LILLY & CO COM	AT COST	17,041	23,018
464288588 ISHARES BARCLAYS MBS	AT COST	13,481	13,549
879369AF3 TELEFLEX INC	AT COST	3,064	3,143
1248EPBD4 CCO HLDGS LLC/CAP CO	AT COST	2,031	2,040
03523TBX5 ANHEUSER-BUSCH INBEV	AT COST	2,193	2,187
526057BV5 LENNAR CORP	AT COST	2,940	3,210
03690AAC0 ANTERO MIDSTREAM PAR	AT COST	2,903	2,483
421924BK6 HEALTHSOUTH CORP 5.7	AT COST	3,030	3,034
12686CBB4 CABLEVISION SYSTEMS	AT COST	2,090	2,158
780153AU6 ROYAL CARIBBEAN CRUI	AT COST	2,145	2,173
228189AB2 CROWN AMER/CAP CORP	AT COST	3,030	3,135
829073105 SIMPSON MFG INC COM	AT COST	24,388	31,403
925652109 VICI PROPERTIES INC	AT COST	7,355	8,078
22822V101 CROWN CASTLE INTL CO	AT COST	2,967	3,886
02079K107 ALPHABET INC/CA	AT COST	46,674	68,046
12572Q105 CME GROUP INC	AT COST	14,189	19,958
59156RBH0 METLIFE INC 3.600% 4	AT COST	20,977	21,258
06051GHT9 VR BANK OF AMERICA	AT COST	10,015	10,564
912828F21 US TREASURY NOTE 2.1	AT COST	20,353	20,209
9128286T2 US TREASURY NOTE	AT COST	21,105	21,207
9128286A3 US TREASURY NOTE	AT COST	15,446	15,916
66989HAJ7 NOVARTIS CAPITAL COR	AT COST	15,401	15,866
901165100 TWEEDY BROWNE FD GLO	AT COST	446,998	425,297
52106N459 LAZARD GL LIST INFRA	AT COST	150,000	157,243
526057104 LENNAR CORPORATION C	AT COST	13,367	15,556
743315103 PROGRESSIVE CORP OHI	AT COST	3,659	11,919
778296103 ROSS STORES INC	AT COST	1,404	2,851
615369105 MOODYS CORP	AT COST	2,632	14,786
92345Y106 VERISK ANALYTICS INC	AT COST	9,801	22,573
83088V102 SLACK TECHNOLOGIES I	AT COST	9,471	5,984
531229409 LIBERTY SIRIUSXM GRO	AT COST	1,872	4,266
531229870 LIBERTY MEDIA GROUP	AT COST	436	1,172
097023105 BOEING COMPANY	AT COST	22,893	31,952
17275R102 CISCO SYSTEMS INC	AT COST	26,372	37,343
872540109 TJX COS INC NEW	AT COST	11,887	18,679
907818108 UNION PACIFIC CORP	AT COST	22,786	36,070
56501R106 MANULIFE FINANCIAL C	AT COST	34,619	37,296
37045VAF7 GENERAL MOTORS CO 6.	AT COST	1,884	2,235
043436AN4 ASBURY AUTOMOTIVE GR	AT COST	2,005	2,065
595112BN2 MICRON TECHNOLOGY IN	AT COST	2,070	2,214
085790AY9 BERRY PLASTICS CORP	AT COST	1,870	2,050
126307AH0 CSC HOLDINGS. LLC	AT COST	2,888	3,233
78388JAT3 SBA COMMUNICATIONS	AT COST	2,993	3,032
527298BH5 LEVEL 3 FINANCING IN	AT COST	2,045	2,068
030981AJ3 AMERIGAS PART/FIN CO	AT COST	3,105	3,323
55342UAG9 MPT OPER PARTNERSP/F	AT COST	3,116	3,154
626717AH5 MURPHY OIL CORP	AT COST	3,190	3,165
20605PAG6 CONCHO RESOURCES INC	AT COST	2,110	2,067
88947EAS9 TOLL BROS FINANCE CO	AT COST	3,128	3,259
527288BE3 LEUCADIA NATIONAL CO	AT COST	3,009	3,280
257651109 DONALDSON CO INC	AT COST	13,835	15,664
262037104 DRIL-QUIP INC COM	AT COST	20,156	19,526
749607107 RLI CORP COM	AT COST	7,683	13,333
04316A108 ARTISAN PARTNERS ASS	AT COST	15,350	13,648
32054K103 FIRST INDL RLTY TR I	AT COST	3,412	4,590
95040Q104 WELLTOWER INC	AT COST	17,071	28,205
03027X100 AMERICAN TOWER REIT	AT COST	3,238	4,580
40414L109 HCP INC	AT COST	4,781	6,508
71943U104 PHYSICIANS REALTY TR	AT COST	4,215	4,275
02665T306 AMERICAN HOMES 4 REN	AT COST	10,792	13,314
052769106 AUTODESK INC COM	AT COST	10,665	22,841
755111507 RAYTHEON CO	AT COST	23,376	26,102
58933Y105 MERCK & CO INC NEW	AT COST	20,337	29,204
31292SCB4 FHLMC POOL #C09066 3	AT COST	1,214	1,225
912828XQ8 US TREASURY NOTE	AT COST	14,953	15,194
912828M56 US TREASURY NOTE	AT COST	14,765	15,569
912828NT3 US TREASURY NOTE 2.6	AT COST	21,074	20,156
05567LT31 BNP PARIBAS 5.000% 1	AT COST	10,495	10,375
217204106 COPART INC COM	AT COST	6,982	30,907
595017104 MICROCHIP TECHNOLOGY	AT COST	9,661	19,989
48251W104 KKR & CO INC -A	AT COST	20,535	23,035
11282X103 BROOKFIELD PROPERTY	AT COST	4,260	3,931
78410G104 SBA COMMUNICATIONS C	AT COST	20,821	50,777
112585104 BROOKFIELD ASSET MAN	AT COST	29,359	63,427
12504L109 CBRE GROUP INC	AT COST	14,204	28,167
G5480U120 LIBERTY GLOBAL PLC-S	AT COST	8,138	7,543
594918104 MICROSOFT CORP	AT COST	37,751	102,510
87612E106 TARGET CORP	AT COST	13,154	25,124
912828QN3 U S TREASURY NT 3.12	AT COST	20,321	20,463
260543CF8 DOW CHEMICAL CO/THE	AT COST	10,955	10,363
406216BD2 HALLIBURTON COMPANY	AT COST	15,433	15,607
15135BAD3 CENTENE CORP	AT COST	3,075	3,064
00101JAK2 ADT CORP 6.250% 10/1	AT COST	3,293	3,199
98212BAH6 WPX ENERGY INC	AT COST	2,080	2,010
85207UAF2 SPRINT CORP 7.875% 9	AT COST	2,233	2,208
526057CD4 LENNAR CORP	AT COST	3,296	3,240
552953CC3 MGM RESORTS INTL	AT COST	5,175	5,514
86614RAG2 SUMMIT MATERIALS LLC	AT COST	3,075	3,057
459745GF6 INTL LEASE FINANCE 8	AT COST	3,585	3,202
94946TAC0 WELLCARE HEALTH PLAN	AT COST	3,008	3,140
85571BAG0 STARWOOD PROPERTY TR	AT COST	3,139	3,105
25271CAP7 DIAMOND OFFSHORE DRI	AT COST	2,120	1,595
513075BE0 LAMAR MEDIA CORP 5.0	AT COST	3,010	3,054
3128MJWB2 FHLMC POOL #G08641	AT COST	18,273	18,452
06367WMQ3 BANK OF MONTREAL	AT COST	10,012	10,136
437076BM3 HOME DEPOT INC	AT COST	15,348	15,805
912828U24 US TREASURY NOTE	AT COST	19,152	20,527
09260C703 BLACKROCK GL L/S CRE	AT COST	100,000	102,314
311900104 FASTENAL CO	AT COST	11,053	15,346
570535104 MARKEL HOLDINGS	AT COST	19,284	40,985
776696106 ROPER INDS INC NEW C	AT COST	9,688	20,555
91879Q109 VAIL RESORTS INC COM	AT COST	23,089	21,378
G0450A105 ARCH CAPITAL GROUP L	AT COST	13,180	24,137
78409V104 S&P GLOBAL INC	AT COST	2,840	8,772
G47567105 IHS MARKIT LTD	AT COST	14,863	26,187
893641100 TRANSDIGM GROUP INC	AT COST	20,299	53,681
55354G100 MSCI INC	AT COST	5,073	12,197
254687106 WALT DISNEY CO	AT COST	23,326	29,102
375558103 GILEAD SCIENCES INC	AT COST	16,258	17,520
512807108 LAM RESEARCH CORP CO	AT COST	19,110	30,628
693475105 PNC FINANCIAL SERVIC	AT COST	19,741	24,352
883556102 THERMO FISHER SCIENT	AT COST	14,503	28,084
891160509 TORONTO DOMINION BK	AT COST	38,279	38,808
89151E109 TOTAL FINA ELF S.A.	AT COST	39,442	39,525
09247X101 BLACKROCK INC	AT COST	30,303	33,242
46625H100 JPMORGAN CHASE & CO	AT COST	37,430	56,089
867224107 SUNCOR ENERGY INC NE	AT COST	39,257	36,727
G5960L103 MEDTRONIC PLC	AT COST	23,522	25,265
501889AB5 LKQ CORP 4.750% 5/15	AT COST	3,075	3,059
29444UAP1 EQUINIX INC 5.750% 1	AT COST	2,085	2,068
675232AA0 OCEANEERING INTL INC	AT COST	1,945	1,860
12513GBA6 CDW LLC/CDW FINANCE	AT COST	3,263	3,339
161175BR4 CHARTER COMM OPT LLC	AT COST	2,243	2,255
750236AW1 RADIAN GROUP INC	AT COST	3,026	3,113
281020AN7 EDISON INTERNATIONAL	AT COST	1,108	1,084
893647BH9 TRANSDIGM INC	AT COST	2,183	2,148
85172FAJ8 SPRINGLEAF FINANCE	AT COST	3,311	3,191
552848AF0 MGIC INVESTMENT CORP	AT COST	5,321	5,494
432891AH2 HILTON WORLDWIDE FIN	AT COST	2,030	2,055
35671DAU9 FREEPORT-MCMORAN C 3	AT COST	1,935	2,023
92343EAF9 VERISIGN INC 4.625%	AT COST	1,985	2,035
384109104 GRACO INC	AT COST	26,605	31,640
879360105 TELEDYNE TECHNOLOGIE	AT COST	29,229	65,920
741511109 PRICESMART INC	AT COST	22,034	20,452
049904105 ATRION CORP	AT COST	19,384	21,086
876664103 TAUBMAN CTRS INC COM	AT COST	4,024	2,791
03064D108 AMERICOLD REALTY TRU	AT COST	5,502	6,895
222795502 COUSINS PROPERTIES I	AT COST	11,471	12,761
88146M101 TERRENO REALTY CORP	AT COST	6,422	9,138
78573L106 SABRA HEALTH CARE RE	AT COST	5,123	6,248
29472R108 EQUITY LIFESTYLE PPT	AT COST	5,428	9,092
46187W107 INVITATION HOMES INC	AT COST	19,720	26,910
115637209 BROWN FORMAN CORP CL	AT COST	5,698	8,845
H84989104 TE CONNECTIVITY LTD	AT COST	20,634	24,165
31620M106 FIDELITY NATL INFORM	AT COST	18,870	20,423
848574109 SPIRIT AEROSYTSEMS H	AT COST	18,167	23,646
38141GVM3 GOLDMAN SACHS GROUP	AT COST	8,124	8,555
00206RDC3 AT&T INC	AT COST	10,123	10,839
61746BEA0 MORGAN STANLEY	AT COST	10,007	10,073
74256W485 PRINCIPAL PREFERRED	AT COST	415,699	421,053
70299PGP6 PARTNERS GROUP PRIVA	AT COST	166,079	307,289
592688105 METTLER-TOLEDO INTL	AT COST	14,544	18,328
929160109 VULCAN MATLS CO	AT COST	23,612	30,146
115236101 BROWN & BROWN INC	AT COST	9,240	19,669
94419L101 WAYFAIR INC	AT COST	13,676	8,963
28414H103 ELANCO ANIMAL HEALTH	AT COST	1,947	1,594
86614U100 SUMMIT MATERIALS INC	AT COST	6,132	7,521
911365BE3 UNITED RENTALS NORTH	AT COST	3,278	3,178
02005NAE0 ALLY FINANCIAL INC	AT COST	3,543	3,059
095370AD4 BLUE CUBE SPINCO IN	AT COST	3,604	3,353
984121CD3 XEROX CORPORATION 4.	AT COST	2,030	2,051
00164VAE3 AMC NETWORKS INC	AT COST	2,013	2,018
28470RAF9 ELDORADO RESORTS INC	AT COST	3,023	3,154
38869PAK0 GRAPHIC PACKAGING IN	AT COST	2,963	3,087
858119AZ3 STEEL DYNAMICS INC 5	AT COST	1,930	2,040
038336103 APTARGROUP INC	AT COST	9,597	13,824
303075105 FACTSET RESH SYS INC	AT COST	16,994	27,127
76657Y101 RIGHTMOVE PLC-UNSP A	AT COST	31,975	44,443
73278L105 POOL CORPORATION	AT COST	20,055	36,917
05278C107 AUTOHOME INC-ADR	AT COST	37,353	56,909
804395101 SAUL CTRS INC COM	AT COST	1,690	1,820
962166104 WEYERHAEUSER CO	AT COST	3,648	3,096
862121100 STORE CAPITAL CORP	AT COST	11,108	17,861
74340W103 PROLOGIS INC	AT COST	26,829	38,088
517834107 LAS VEGAS SANDS CORP	AT COST	34,963	35,867
867914BS1 SUNTRUST BANKS INC	AT COST	10,362	10,868
961214DW0 WESTPAC BANKING CORP	AT COST	9,931	10,768
126650CW8 CVS HEALTH CORP	AT COST	10,684	10,743
3135G0ZR7 FED NATL MTG ASSN 2.	AT COST	15,563	15,717
9128284T4 US TREASURY NOTE	AT COST	9,996	10,165
26078JAA8 DOWDUPONT INC	AT COST	10,037	10,182
000843201 ACAP STRATEGIC FUND-	AT COST	175,000	186,969
BIT990000 BLACKSTONE REAL ESTA	AT COST	200,000	213,534
00770G847 JOHCM INTERNATIONAL	AT COST	354,137	430,371
192422103 COGNEX CORP	AT COST	2,494	2,729
573284106 MARTIN MARIETTA MATL	AT COST	19,845	31,691
530307305 LIBERTY BROADBAND CO	AT COST	5,769	13,696
76131D103 RESTAURANT BRANDS IN	AT COST	21,797	33,636
82509L107 SHOPIFY INC - A W/I	AT COST	2,312	4,704
531229854 LIBERTY MEDIA GROUP	AT COST	11,101	16,193
67103H107 O'REILLY AUTOMOTIVE	AT COST	9,734	39,196
G0408V102 AON PLC	AT COST	3,253	12,169
M98068105 WIX.COM LTD	AT COST	14,486	18,311
126650100 CVS/CAREMARK CORPORA	AT COST	46,325	45,477
654106103 NIKE INC CL B	AT COST	20,584	35,641
405217100 HAIN CELESTIAL GROUP	AT COST	22,818	19,929
14040HBP9 CAPITAL ONE FINANCIA	AT COST	9,869	10,021
86562MAQ3 SUMITOMO MITSUI FINL	AT COST	14,473	15,251
037833AK6 APPLE INC 2.400% 5/0	AT COST	15,073	15,268
489399AG0 KENNEDY-WILSON INC	AT COST	3,135	3,105
11134LAH2 BROADCOM CRP / CAYM	AT COST	2,976	3,029
52729NBX7 LEVEL 3 COMMUNICATIO	AT COST	3,086	3,008
02005NBC3 ALLY FINANCIAL INC	AT COST	1,998	2,095
15135BAJ0 CENTENE CORP	AT COST	3,060	3,104
161175AZ7 CHARTER COMM OPT LLC	AT COST	2,322	2,459
46284PAP9 IRON MOUNTAIN INC 5.	AT COST	3,071	3,026
126307AF4 CSC HOLDINGS. LLC 6.	AT COST	2,125	2,155
87264AAJ4 T-MOBILE USA INC 6.5	AT COST	3,255	3,116
N22717107 CORE LABORATORIES N	AT COST	7,988	3,699
045327103 ASPEN TECHNOLOGY INC	AT COST	20,766	42,130
891092108 TORO CO	AT COST	32,551	35,711
74164M108 PRIMERICA INC	AT COST	31,747	49,336
57060D108 MARKETAXESS HLDGS IN	AT COST	21,092	39,439
421946104 HEALTHCARE RLTY TR C	AT COST	5,994	6,432
053484101 AVALONBAY CMNTYS INC	AT COST	24,343	31,125
30225T102 EXTRA SPACE STORAGE	AT COST	9,156	12,574
26884U109 EPR PROPERTIES	AT COST	8,475	10,268
00206R102 AT & T INC	AT COST	45,119	49,883
G29183103 EATON CORP PLC	AT COST	25,111	29,530
036752AB9 ANTHEM INC	AT COST	10,031	10,576
9128283W8 US TREASURY NOTE	AT COST	20,536	21,710

Description	Amount
MUTUAL FUND TIMING DIFFERENCE	444
GAIN/LOSS ON PY SALES NOT SETTLED AT YEA	1,124

Category	Amount	Net Investment Income
FOREIGN TAXES	5,494	5,494
FEDERAL ESTIMATES - PRINCIPAL	6,000	0
FOREIGN TAXES ON QUALIFIED FOR	231	231