| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 8492100 AGREE RLTY CORP REIT | 7,629 | 7,856 |
| 11311107 ALAMO GROUP INC | 9,340 | 12,278 |
| 31162100 AMGEN INC | 16,081 | 19,313 |
| 57665200 BALCHEM CORP CL B | 7,575 | 11,407 |
| 99406100 BOOT BARN HOLDINGS IN | 6,095 | 8,108 |
| 114340102 BROOKS AUTOMATION IN | 9,708 | 8,956 |
| 127097103 CABOT OIL & GAS CORP | 13,686 | 12,243 |
| 127190304 CACI INTL INC CL A | 7,368 | 8,727 |
| 149150104 CATHAY GENERAL BANCO | 12,378 | 11,492 |
| 153527106 CENTRAL GARDEN & PET | 1,943 | 2,664 |
| 153527205 CENTRAL GARDEN AND P | 8,940 | 12,207 |
| 156727109 CERENCE INC-WI | 6,590 | 8,340 |
| 171484108 CHURCHILL DOWNS INC | 6,355 | 10,129 |
| 171604101 CHUY'S HOLDINGS INC | 4,218 | 4,715 |
| 172062101 CINCINNATI FINANCIAL | 12,424 | 12,931 |
| 191216100 COCA COLA CO | 14,239 | 16,617 |
| 200525103 COMMERCE BANCSHARES | 8,813 | 10,184 |
| 228903100 CRYOLIFE INC | 9,653 | 9,444 |
| 229050307 CRYOPORT INC | 3,542 | 8,162 |
| 229899109 CULLEN FROST BANKERS | 8,377 | 7,415 |
| 235851102 DANAHER CORP | 19,922 | 33,321 |
| 249906108 DESCARTES SYS GROUP | 3,654 | 6,667 |
| 369550108 GENERAL DYNAMICS COR | 12,758 | 11,013 |
| 379577208 GLOBUS MEDICAL INC A | 13,147 | 16,631 |
| 405024100 HAEMONETICS CORP | 8,682 | 9,619 |
| 422347104 HEARTLAND EXPRESS IN | 7,964 | 6,842 |
| 438516106 HONEYWELL INTL INC | 13,228 | 18,080 |
| 440327104 HORACE MANN EDUCATOR | 13,103 | 12,864 |
| 441593100 HOULIHAN LOKEY INC | 7,895 | 11,765 |
| 451107106 IDACORP INC | 12,073 | 10,659 |
| 457985208 INTEGRA LIFESCIENCES | 8,893 | 9,868 |
| 526057104 LENNAR CORP CLASS A | 12,603 | 19,744 |
| 536797103 LITHIA MTRS INC CL A | 8,064 | 21,365 |
| 573284106 MARTIN MARIETTA MATL | 12,604 | 17,322 |
| 594918104 MICROSOFT CORP | 15,328 | 28,692 |
| 595017104 MICROCHIP TECHNOLOGY | 15,255 | 24,307 |
| 603158106 MINERALS TECHNOLOGIE | 8,246 | 9,566 |
| 606822104 MITSUBISHI UFJ FINL | 7,308 | 6,406 |
| 668074305 NORTHWESTERN CORPORA | 14,830 | 12,012 |
| 675234108 OCEANFIRST FINANCIAL | 5,043 | 6,129 |
| 681116109 OLLIE'S BARGAIN OUTL | 7,257 | 9,322 |
| 688239201 OSHKOSH CORPORATION | 13,892 | 15,493 |
| 691497309 OXFORD INDUSTRIES IN | 6,418 | 6,027 |
| 701094104 PARKER HANNIFIN CORP | 13,532 | 20,976 |
| 703343103 PATRICK INDUSTRIES I | 9,308 | 14,490 |
| 718546104 PHILLIPS 66 | 13,544 | 9,931 |
| 723787107 PIONEER NAT RES CO | 9,166 | 6,833 |
| 742718109 PROCTER & GAMBLE CO | 15,566 | 15,723 |
| 743424103 PROOFPOINT INC | 9,804 | 10,640 |
| 747525103 QUALCOMM | 11,420 | 22,699 |
| 749685103 RPM INTERNATIONAL IN | 13,428 | 15,887 |
| 753422104 RAPID7 INC | 9,842 | 16,048 |
| 767744105 RITCHIE BROS AUCTION | 9,491 | 16,831 |
| 775133101 ROGERS CORP | 4,305 | 4,814 |
| 811707801 SEACOAST BANKING COR | 12,769 | 14,519 |
| 825698103 SHYFT GROUP INC/THE | 3,967 | 4,484 |
| 826919102 SILICON LABORATORIES | 13,547 | 15,663 |
| 827048109 SILGAN HLDGS INC | 4,789 | 5,933 |
| 830830105 SKYLINE CHAMPION COR | 13,270 | 14,201 |
| 835699307 SONY CORP AMERICAN S | 10,281 | 24,264 |
| 860630102 STIFEL FINL CORP | 9,939 | 13,321 |
| 866674104 SUN CMNTYS INC | 6,500 | 8,357 |
| 868459108 SUPERNUS PHARMACEUTI | 8,341 | 8,479 |
| 882681109 TEXAS ROADHOUSE INC | 13,070 | 19,774 |
| 902494103 TYSON FOODS INC CLAS | 14,155 | 11,084 |
| 925550105 VIAVI SOLUTIONS INC | 9,796 | 11,980 |
| 931427108 WALGREENS BOOTS ALLI | 10,036 | 6,341 |
| 971378104 WILLSCOT MOBILE MINI | 4,343 | 7,183 |
| 978097103 WOLVERINE WORLD WIDE | 6,357 | 7,125 |
| 74340E103 PROGYNY INC | 6,645 | 10,725 |
| 00724F101 ADOBE INC | 16,255 | 30,007 |
| 01748X102 ALLEGIANT TRAVEL CO | 8,701 | 11,165 |
| 03071H100 AMERISAFE INC | 10,564 | 9,246 |
| 03076C106 AMERIPRISE FINANCIAL | 13,013 | 19,044 |
| 03076K108 AMERIS BANCORP | 13,379 | 13,629 |
| 03662Q105 ANSYS INC | 15,423 | 29,832 |
| 04963C209 ATRICURE INC | 6,207 | 13,750 |
| 05368V106 AVIENT CORPORATION | 13,641 | 18,045 |
| 05561Q201 BOK FINL CORP NEW | 6,302 | 5,273 |
| 14040H105 CAPITAL ONE FINANCIA | 11,856 | 13,839 |
| 14843C105 CASTLE BIOSCIENCES I | 5,416 | 5,238 |
| 19247A100 COHEN & STEERS INC | 9,572 | 12,854 |
| 20451N101 COMPASS MINERALS INT | 6,120 | 6,789 |
| 22052L104 CORTEVA INC-W/I | 14,842 | 20,405 |
| 22304C100 COVETRUS INC-WHEN IS | 12,084 | 14,169 |
| 27579R104 EAST WEST BANCORP IN | 9,610 | 9,838 |
| 28414H103 ELANCO ANIMAL HEALTH | 8,804 | 13,188 |
| 29089Q105 EMERGENT BIOSOLUTION | 12,268 | 14,067 |
| 29260V105 ENDAVA PLC- SPON ADR | 14,658 | 17,346 |
| 29472R108 EQUITY LIFESTYLE PRO | 6,867 | 7,667 |
| 33829M101 FIVE BELOW | 8,154 | 11,549 |
| 37637Q105 GLACIER BANCORP INC | 12,503 | 14,585 |
| 38526M106 GRAND CANYON EDUCATI | 20,540 | 16,853 |
| 40637H109 HALOZYME THERAPEUTIC | 6,657 | 9,396 |
| 42226A107 HEALTHEQUITY INC | 9,552 | 12,757 |
| 42328H109 HELIOS TECHNOLOGIES | 9,418 | 12,523 |
| 44925C103 ICF INTERNATIONAL IN | 10,428 | 10,183 |
| 44930G107 ICU MED INC | 4,964 | 6,649 |
| 46625H100 JPMORGAN CHASE & CO | 12,774 | 15,884 |
| 50187A107 LHC GROUP INC | 6,413 | 11,733 |
| 55405Y100 MACOM TECHNOLOGY SOL | 7,660 | 17,172 |
| 58506Q109 MEDPACE HOLDINGS INC | 10,515 | 12,110 |
| 58958U103 MERIDIAN BANCORP INC | 5,955 | 5,204 |
| 63633D104 NATIONAL HEALTH INVS | 11,133 | 10,168 |
| 66987V109 NOVARTIS AG SPONSORE | 11,930 | 13,315 |
| 67000B104 NOVANTA INC SEDOL BD | 8,797 | 12,177 |
| 69478X105 PACIFIC PREMIER BANC | 12,704 | 12,407 |
| 70438V106 PAYLOCITY HOLDING CO | 7,738 | 16,267 |
| 70450Y103 PAYPAL HOLDINGS INC- | 8,517 | 18,970 |
| 71377A103 PERFORMANCE FOOD GRO | 18,157 | 18,473 |
| 71944F106 PHREESIA INC | 7,579 | 13,836 |
| 74164F103 PRIMORIS SERVICES CO | 8,342 | 11,872 |
| 74736A103 QTS REALTY TRUST INC | 10,253 | 12,438 |
| 75524B104 RBC BEARINGS INC | 13,791 | 14,860 |
| 78377T107 RYMAN HOSPITALITY PP | 7,737 | 6,098 |
| 82982L103 SITEONE LANDSCAPE SU | 3,568 | 8,249 |
| 85254J102 STAG INDUSTRIES INC | 14,565 | 15,785 |
| 87166B102 SYNEOS HEALTH INC | 13,276 | 16,624 |
| 90184L102 TWITTER INC | 11,674 | 18,898 |
| 90278Q108 UFP INDUSTRIES INC | 10,317 | 15,610 |
| 91734M103 US ECOLOGY INC | 11,651 | 6,830 |
| 92337F107 VERACYTE INC | 6,648 | 11,158 |
| 98212B103 WPX ENERGY INC | 7,212 | 8,069 |
| 98419M100 XYLEM INC | 13,336 | 16,388 |
| G0176J109 ALLEGION PLC SEDOL B | 13,850 | 15,246 |
| G4388N106 HELEN OF TROY LIMITE | 4,273 | 8,888 |
| G51502105 JOHNSON CTLS INTL PL | 12,082 | 15,095 |
| G5960L103 MEDTRONIC PLC SEDOL | 13,959 | 17,922 |
| H01301128 ALCON INC SEDOL BJXB | 13,381 | 15,901 |
| H1467J104 CHUBB LTD SEDOL B3BQ | 11,052 | 12,006 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 256210105 DODGE & COX INCOME F | AT COST | 1,746,619 | 1,854,151 |
| 317609295 SEAFARER OVERSEAS GR | AT COST | 609,478 | 738,781 |
| 412295701 HARDING LOEVNER INST | AT COST | 575,903 | 712,506 |
| 464287200 ISHARES CORE S&P 500 | AT COST | 3,161,055 | 4,340,259 |
| 592905749 METROPOLITAN WEST UN | AT COST | 523,293 | 532,586 |
| 880208772 TEMPLETON GLOBAL BON | AT COST | 566,060 | 455,343 |
| 922042718 VANGUARD FTSE ALL WO | AT COST | 392,245 | 414,743 |
| 922042775 VANGUARD FTSE ALL WO | AT COST | 824,955 | 907,206 |
| 922908553 VANGUARD REAL ESTATE | AT COST | 432,405 | 458,367 |
| 922908629 VANGUARD MID CAP ETF | AT COST | 1,527,890 | 2,220,917 |
| 922908736 VANGUARD GROWTH ETF | AT COST | 592,898 | 1,033,881 |
| 922908744 VANGUARD VALUE ETF | AT COST | 212,092 | 247,556 |
| 922908751 VANGUARD SMALL CAP E | AT COST | 785,129 | 979,630 |
| 31423A671 FEDERATED HERMES INT | AT COST | 1,050,868 | 1,345,790 |
| 38145N220 GOLDMAN SACHS ABSOLU | AT COST | 801,061 | 847,415 |
| 52106N459 LAZARD GLOBAL LISTED | AT COST | 426,501 | 411,736 |
| 63872T885 ALPHASIMPLEX GLOBAL | AT COST | 495,771 | 499,434 |
| 77957P105 T ROWE PRICE SHORT T | AT COST | 390,111 | 390,111 |
| 77958B105 T ROWE PRICE INSTITU | AT COST | 380,670 | 367,664 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES - INCOME (ALLOCABLE | 765 | 765 |
| Description | Amount |
|---|---|
| 2020 TRANSACTION POSTED IN 2021 | 14,722 |
| SALES FUND UPDATES | 39,337 |
| ADJ DUE TO ROC | 2,807 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE FILING FEES | 200 | 0 | 200 | |
| MAP MANAGEMENT FEES | 5,586 | 5,586 | 0 | |
| ADR SERVICE FEES | 32 | 32 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL TAX REFUND | 9,944 | 0 |
| Description | Amount |
|---|---|
| ROUNDING ADJ | 7 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NON-PNC CONSULTING FEES | 30,000 | 30,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 514 | 514 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 5,285 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 5,276 | 5,276 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 4,516 | 4,516 | 0 |