| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOT LABS | 2,552 | 3,394 |
| ABBVIE INC | 39,921 | 43,181 |
| ACCENTURE PLC | 4,504 | 7,575 |
| ADOBE SYSTEMS, INC | 2,629 | 16,004 |
| ADVANCE AUTO PARTS INC | 6,255 | 6,143 |
| AGILENT TECHNOLOGIES INC | 342 | 355 |
| AIR PRODS & CHEM INC | 607 | 1,093 |
| AKAMAI TECH COM STK | 4,261 | 7,139 |
| ALCON INC | 4,015 | 4,883 |
| ALEXION PHARMACEUTICALS, INC | 6,919 | 8,124 |
| ALIBABA GROUP HOLDING LTD | 44,385 | 49,339 |
| ALLSTATE CORP | 8,465 | 9,014 |
| ALPS/SMITH TOTAL RETURN BOND F | 155,690 | 160,050 |
| AMAZON COM | 58,786 | 127,020 |
| AMEREN CORPORATION | 2,834 | 3,825 |
| AMERICAN ELECTRIC POWER INC | 2,726 | 3,914 |
| AMGEN INC | 9,074 | 9,887 |
| ANALOG DEVICES INC | 6,314 | 7,977 |
| ANHEUSER BUSCH COS INC | 7,671 | 5,243 |
| ANSYS INC | 1,500 | 3,274 |
| AON PLC CL A | 812 | 1,268 |
| APPLE INC | 13,268 | 42,593 |
| APTIV PLC | 3,419 | 5,863 |
| ARCH CAPITAL GROUP LTD | 1,957 | 2,345 |
| ASML HOLDING NV NY REG SHS | 3,656 | 4,877 |
| AT&T, INC | 4,562 | 3,509 |
| ATLASSIAN CORP PLC | 2,587 | 3,040 |
| AUTODESK, INC | 1,829 | 4,580 |
| AUTOMATIC DATA PROCESSING INC | 2,986 | 5,815 |
| AVALONBAY CMNTYS INC | 2,736 | 1,925 |
| AVERY DENNISON CORP | 2,622 | 3,257 |
| BANK OF AMERICA CORP | 12,496 | 13,973 |
| BARON REAL ESTATE FD INSTI SHS | 77,983 | 116,528 |
| BAXTER INTERNATIONAL INC | 2,716 | 3,290 |
| BEST BUY INC | 2,517 | 2,395 |
| BIOMARIN PHARMACEUTICAL INC | 4,585 | 4,560 |
| BLACK KNIGHT, INC | 2,051 | 4,064 |
| BLACKROCK INC | 44,654 | 62,052 |
| BRIGHT HORIZONS FAMILY SOLUTIO | 553 | 692 |
| BRISTOL-MYERS SQUIBB CO | 6,568 | 7,506 |
| BROADCOM INC | 8,728 | 14,887 |
| BROOKFIELD ASSET MANAGEMENT CL | 4,258 | 6,603 |
| BROOKFIELD INFRASTRUCTURE ORD | 1,145 | 2,169 |
| BROOKFIELD PROPERTY REIT INC | 450 | 329 |
| BROOKFIELD RENEWABLE CORP CL A | 135 | 233 |
| BROWN & BROWN INC | 1,143 | 2,276 |
| BROWN FORMAN CORP CL B | 488 | 874 |
| CANNAE HOLDINGS INC | 320 | 398 |
| CARMAX INC | 2,632 | 4,251 |
| CBRE GROUP | 1,771 | 3,073 |
| CHEVRON CORP | 13,312 | 9,965 |
| CHUBB LIMITED | 7,705 | 8,927 |
| CISCO SYSTEMS INC | 10,145 | 13,112 |
| CITRIX SYSTEMS INC | 3,054 | 2,992 |
| CME GROUP, INC | 4,289 | 6,008 |
| CMS ENERGY CP | 2,160 | 3,173 |
| COGNEX CORPORATION | 151 | 241 |
| COLFAX CORPORATION | 487 | 497 |
| COMCAST CORP | 16,389 | 24,052 |
| CONOCOPHILLIPS | 4,768 | 2,879 |
| CONSUMER STAPLES SELECT SECTOR | 38,769 | 48,092 |
| COPART INC | 1,602 | 4,708 |
| COSTAR GROUP, INC | 1,958 | 2,773 |
| COSTCO WHOLESALE CORPORATION | 3,850 | 8,666 |
| CREDIT ACCEPTANCE CORPORATION | 2,110 | 2,077 |
| CROWN CASTLE INTL | 1,998 | 3,343 |
| CUMMINS INC | 2,878 | 4,088 |
| DEERE CO | 3,304 | 5,381 |
| DIGITAL RLTY TR INC | 4,748 | 5,999 |
| DOLLAR GENERAL CORP | 395 | 841 |
| DOMINOS PIZZA INC | 1,568 | 2,301 |
| DTE ENERGY CO COM | 2,161 | 2,914 |
| DUKE ENERGY CO | 1,515 | 1,557 |
| EATON CORP PLC | 3,786 | 4,806 |
| EBAY INC | 5,955 | 6,482 |
| ECOLAB INC | 3,938 | 6,707 |
| ELI LILLY & CO | 4,017 | 7,935 |
| EOG RESOURCES INC | 3,056 | 2,942 |
| EQUINIX, INC | 6,145 | 9,999 |
| EVERSOURCE ENERGYINC | 2,475 | 3,806 |
| EXTRA SPACE STORAGE | 2,531 | 3,128 |
| FACEBOOK INC | 13,651 | 27,316 |
| FASTENAL COMPANY | 1,134 | 2,002 |
| FEDERATED INTERNATIONAL LEADER | 106,017 | 122,318 |
| FIDELITY NATIONAL FINANCIAL IN | 1,712 | 1,915 |
| FIDELITY NATIONAL INFORMATION | 11,230 | 11,883 |
| FINANCIAL SELECT SECTOR SPDR F | 100,048 | 110,697 |
| FIRST REPUBLIC BANK | 988 | 1,469 |
| FIRST TRUST DORSEY WRIGHT FOCU | 21,673 | 36,383 |
| GARTNER INC | 2,120 | 2,723 |
| GILEAD SCIENCES INC | 2,709 | 2,156 |
| GRAINGER W W INC | 5,247 | 9,392 |
| GUIDEWIRE SOFTWARE INC | 1,824 | 2,317 |
| HEICO CP CL A | 1,148 | 1,756 |
| HILTON WORLDWIDE HOLDINGS, INC | 2,694 | 3,894 |
| HOME DEPOT INC | 12,470 | 22,843 |
| HONEYWELL INTL | 7,483 | 12,975 |
| HOWARD HUGHES CORPORATION | 1,613 | 1,184 |
| HYATT HOTELS CORP | 977 | 965 |
| IDEXX CORP | 1,047 | 2,499 |
| IHS MARKIT LTD | 5,986 | 10,869 |
| INTERNATIONAL BUSINESS MACHINE | 12,746 | 11,455 |
| ISHARES MSCI EMERGING MARKETS | 74,963 | 87,891 |
| ISHARES MSCI USA MIN VOLATILIT | 31,244 | 32,379 |
| ISHARES TRUST RUSSELL 1000 VAL | 24,879 | 30,217 |
| JANU HENDERSON SHORT DURATION | 49,955 | 50,319 |
| JOHNSON & JOHNSON | 54,861 | 63,896 |
| JP MORGAN CHASE | 11,521 | 16,900 |
| JPMORGAN EMERGING MKTS EQUITY | 67,199 | 106,746 |
| JPMORGAN EQUITY INCOME FUND SE | 73,695 | 75,039 |
| KENNEDY WILSON HOLDINGS INC | 847 | 841 |
| KIMBERLY CLARK CORP | 4,886 | 5,124 |
| KKR & CO INC | 2,858 | 4,251 |
| KLA TENCOR CORP | 3,958 | 10,097 |
| LAM RESEARCH CORP | 4,082 | 12,751 |
| LENNAR CORP | 1,399 | 2,058 |
| LIBERTY BROADBAND CORP (LBRDA) | 510 | 945 |
| LIBERTY BROADBAND CORP K | 2,206 | 3,801 |
| LIBERTY MEDIA CORP - SER A | 132 | 152 |
| LIBERTY MEDIA CORP - SER C | 1,077 | 1,363 |
| LIBERTY SIRIUS XM CORP - SER C | 984 | 1,131 |
| LIBERTY SIRIUS XM GROUP - SER | 403 | 432 |
| LIVE NATION INC COM | 1,487 | 2,278 |
| LOCKHEED MARTIN CORP | 9,378 | 11,714 |
| M&T BANK CORP | 832 | 637 |
| MARKEL CORP | 2,861 | 3,100 |
| MARSH AND MCLENNAN COMPANIES I | 5,106 | 8,775 |
| MARTIN MARIETTA MATLS INC | 1,357 | 1,988 |
| MCDONALD'S CORP | 3,048 | 5,150 |
| MEDTRONIC PLC | 5,904 | 8,200 |
| MERCADOLIBRE, INC | 19,262 | 25,128 |
| MERCK & CO INC | 10,100 | 14,479 |
| METTLER-TOLEDO INTL | 1,143 | 2,279 |
| MICROCHIP TECHNOLOGY INC | 1,612 | 2,762 |
| MICROSOFT CORP | 57,219 | 93,416 |
| MONDELEZ INTERNATIONAL INC | 2,437 | 3,274 |
| MONSTER BEVERAGE CORP | 4,851 | 7,121 |
| MOODYS CORP | 713 | 1,741 |
| MOTOROLA SOLUTIONS INC | 1,015 | 1,531 |
| MSCI INC | 482 | 1,786 |
| NEXTERA ENERGY, INC | 2,131 | 5,555 |
| NORTHERN TRUST CORPORATION | 6,361 | 6,427 |
| NORTHROP GRUMMAN CORP | 3,784 | 3,352 |
| NUTANIX INC | 4,747 | 4,111 |
| NVIDIA CORP | 3,820 | 13,055 |
| NXP SEMICONDUCTORS | 4,769 | 6,042 |
| O'REILLY AUTOMOTIVE INC | 1,893 | 4,073 |
| PACKAGING CORP AMER | 2,025 | 2,620 |
| PALO ALTO NETWORKS INC | 4,144 | 9,951 |
| PARKER HANNIFIN CP | 2,917 | 5,448 |
| PEPSICO INC | 5,890 | 8,453 |
| PHILIP MORRIS INTL | 6,296 | 5,547 |
| PHILLIPS 66 | 2,914 | 3,007 |
| PIMCO UNCONSTRAINED BOND FUND | 172,566 | 169,386 |
| PINNACLE WEST CAPITAL CORP | 1,541 | 1,599 |
| PNC FINANCIAL GROUP INC | 6,499 | 8,493 |
| PRINCIPAL FDS, INC. MIDCAP FD | 221,180 | 372,703 |
| PRINCIPAL FUNDS, INC. BLUE CHI | 94,596 | 150,345 |
| PRINCIPAL PREFERRED SECURITIES | 45,630 | 47,222 |
| PROCTER GAMBLE CO | 7,152 | 11,409 |
| PROGRESSIVE CORP OHIO | 551 | 1,187 |
| PRUDENTIAL JENNISON GLOBAL OPP | 61,224 | 144,016 |
| QUALCOMM INC | 5,870 | 14,472 |
| RAYTHEON TECHNOLOGIES CORP | 6,599 | 7,079 |
| REALPAGE, INC | 1,551 | 2,268 |
| RESTAURANT BRANDS INTL | 2,481 | 2,506 |
| ROPER INDUSTRIES | 1,623 | 3,018 |
| ROSS STORES, INC | 724 | 1,105 |
| S&P GLOBAL INC COM | 39,985 | 39,776 |
| SALESFORCE.COM | 10,368 | 13,129 |
| SBA COMMUNICATIONS CORP | 1,962 | 4,232 |
| SEA LTD | 19,998 | 23,886 |
| SELECT SECTOR SPDR-HEALTH CARE | 97,055 | 106,066 |
| SLACK TECHNOLOGIES CLASS A ORD | 832 | 1,014 |
| SONOCO PRODUCTS COMPANY | 2,546 | 2,785 |
| SPLUNK INC | 4,155 | 9,344 |
| SQUARE INC | 251 | 871 |
| SUMMIT MATERIALS INC | 619 | 683 |
| T. ROWE PRICE GROUP | 4,257 | 6,813 |
| TARGET CORPORATION | 8,880 | 14,652 |
| TE CONNECTIVITY LTD | 2,542 | 3,511 |
| TEXAS INSTRUMENTS INC | 8,483 | 18,711 |
| THE HERSHEY COMPANY | 1,986 | 2,894 |
| THERMO FISHER SCIENTIFIC INC | 5,025 | 15,837 |
| TRANE TECHNOLOGIES PLC | 4,505 | 9,000 |
| TRANSDIGM GRP INC | 3,410 | 7,426 |
| TRANSUNION COM USD0.01 | 1,428 | 2,282 |
| TYLER TECHNOLOGIES, INC | 1,027 | 1,310 |
| UBER | 8,078 | 10,302 |
| ULTA SALON, COSMETICS & FRAGRA | 6,081 | 8,040 |
| UNION PACIFIC | 8,157 | 14,992 |
| UNITED PARCEL SERVICE | 11,739 | 17,850 |
| UNITEDHEALTH GROUP INC | 27,925 | 42,432 |
| US BANCORP | 6,944 | 6,429 |
| VAIL RESORTS INC | 2,233 | 2,511 |
| VERISIGN INC | 1,280 | 2,813 |
| VERISK ANALYTICS, INC | 1,004 | 2,491 |
| VERIZON COMMUNICATIONS | 8,207 | 8,049 |
| VISA INC | 6,838 | 21,654 |
| VMWARE INC | 4,431 | 5,891 |
| VORNADO RLTY TR | 385 | 261 |
| VULCAN MATERIALS CO | 2,810 | 3,708 |
| WAL-MART STORES INC | 4,176 | 7,496 |
| WALT DISNEY HOLDINGS CO | 6,211 | 10,690 |
| WASTE MANAGEMENT INC | 3,767 | 6,368 |
| WCM BNY MELLON FOCUSED GROWTH | 92,100 | 109,541 |
| WEC ENERGY GROUP, INC | 2,990 | 4,602 |
| WIX COM LTD | 1,444 | 3,749 |
| WORKDAY INC | 2,487 | 2,636 |
| XCEL ENERGY INC | 3,167 | 4,400 |
| ZOETIS INC | 4,216 | 12,909 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SKYBRIDGE MULTI-ADVISER HEDGE | 381,643 | 360,491 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 19,502 | 19,502 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 22,720 | 22,720 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2020 | 1,000 | |||
| 990-PF Excise Tax for 2019 | 873 | |||
| Foreign Tax Paid | 5 | 5 |