| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY LLP | 3,984 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFFIL MANAGERS | 99,162 | 111,164 |
| ALLSTATE CORP | 150,595 | 160,034 |
| ANTHEM INC | 149,259 | 166,764 |
| AT&T INC | 99,844 | 109,690 |
| BANK OF AMER CRP MTN | 100,626 | 111,006 |
| BANK OF NY MTN | 100,066 | 100,445 |
| CITIGROUP INC | 151,157 | 170,454 |
| CME GROUP INC | 150,259 | 156,878 |
| COMCAST CORP | 100,193 | 111,646 |
| KEURIG DR PEPPER INC | 100,524 | 114,202 |
| GATX CORP | 102,507 | 112,451 |
| GOLDMAN SACHS GROUP | 150,559 | 170,392 |
| INTEL CORP | 151,144 | 169,308 |
| JPMORGAN CHASE & CO | 100,163 | 109,526 |
| MORGAN STANLEY MTN | 151,339 | 166,920 |
| NATL RURAL UTIL MTN | 150,000 | 162,139 |
| PPG INDUSTRIES | 101,186 | 109,680 |
| BOOKING HOLDINGS INC | 154,768 | 172,768 |
| SYSCO CORP | 100,318 | 111,288 |
| VERIZON COMM INC | 100,085 | 103,344 |
| TWDC ENTERPRISES 18 CORP | 150,595 | 152,287 |
| BIOGEN INC | 104,013 | 104,460 |
| CAPITAL ONE FINANCIAL CORP | 104,639 | 104,780 |
| CNA FINANCIAL CORP | 99,963 | 101,955 |
| HUNTINGTON BANCSHARES INC | 157,965 | 160,867 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 168,866 | 314,098 |
| ABBOTT LABS | 66,967 | 186,133 |
| ALPHABET INC CL C | 607,403 | 965,286 |
| AMERICAN EXPRESS CO | 85,665 | 142,432 |
| BAXTER INTERNATIONAL INC | 46,112 | 64,192 |
| BIO-TECHNE CORP | 134,824 | 428,693 |
| CHARLES SCHWAB CORP | 127,613 | 156,468 |
| CORESITE REALTY CORP REIT | 298,999 | 350,784 |
| CORNING INC | 70,808 | 113,400 |
| DIGI INTERNATIONAL INC | 53,239 | 73,710 |
| DISNEY WALT CO | 54,936 | 290,794 |
| ECOLAB INC COM | 206,110 | 605,808 |
| ELANCO ANIMAL HEALTH INC | 44,403 | 59,807 |
| ELI LILLY & CO | 76,091 | 160,398 |
| FASTENAL CO | 73,033 | 277,110 |
| FISERV INC | 89,576 | 381,431 |
| FULLER H B CO | 236,913 | 284,043 |
| GRACO INC | 108,766 | 470,275 |
| GREAT WESTERN BANCORP INC | 84,150 | 48,070 |
| HONEYWELL INTERNATIONAL INC | 20,347 | 137,830 |
| HORMEL FOODS CORP | 177,531 | 304,130 |
| JOHNSON & JOHNSON | 202,469 | 397,385 |
| LITTELFUSE INC | 200,468 | 273,760 |
| MEDTRONIC PLC | 441,464 | 626,699 |
| MICROSOFT CORP | 643,403 | 978,648 |
| MOTOROLA SOLUTIONS INC | 255,949 | 280,599 |
| NVE CORP | 62,862 | 50,562 |
| NVENT ELECTRIC PLC | 168,137 | 207,281 |
| NVIDIA CORP | 155,338 | 496,090 |
| PFIZER INC | 74,262 | 95,780 |
| PRINCIPAL FINANCIAL GROUP | 213,944 | 286,647 |
| QUALCOMM INC | 81,697 | 243,744 |
| ROCHE HLDG LTD SPONS ADR | 384,632 | 484,432 |
| TARGET CORP | 25,110 | 88,265 |
| TENNANT CO | 203,488 | 203,493 |
| TORO CO | 233,249 | 476,571 |
| UNITEDHEALTH GROUP INC COM | 315,725 | 577,219 |
| US BANCORP | 508,648 | 682,544 |
| VISA INC | 317,780 | 415,587 |
| WELLS FARGO & CO | 226,739 | 249,740 |
| ZIMMER BIOMET HOLDINGS INC | 73,836 | 112,640 |
| JAMF HOLDING CORP | 99,667 | 81,532 |
| WORKIVA | 68,410 | 114,525 |
| SHERWIN-WILLIAMS CO | 100,693 | 110,237 |
| ACTIVISION BLIZZARD INC | 142,705 | 194,985 |
| ALLIANT ENERGY CORP | 64,424 | 64,413 |
| AMAZON.COM INC | 349,965 | 358,262 |
| HOME DEPOT INC | 171,600 | 159,372 |
| SYSCO CORP | 55,558 | 69,210 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY LLP | 1,949 | 0 | 0 |
| Description | Amount |
|---|---|
| STOCK BASIS ADJ (DONOR BASIS VS. FMV) | 2,410,460 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN ATTORNEY GENERAL | 25 | 0 | 0 | |
| OTHER INVESTMENT EXPENSES | 231 | 231 | 0 |
| Description | Amount |
|---|---|
| PRIOR YEAR BASIS ADJUSTMENTS ON CORPORATE BONDS | 6,084 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY TRUST COMPANY LLC | 99,237 | 97,252 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 377 | 0 | 0 | |
| FOREIGN TAXES | 3,591 | 3,591 | 0 |