| 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 |
|---|---|---|
| A B ELECTRLX S ADR# | 4,806 | 4,656 |
| ABBOTT LABS | 5,460 | 6,788 |
| ACTIVISION BLIZZARD INC | 4,616 | 5,292 |
| AFLAC INC | 4,608 | 4,536 |
| AJINOMOTO INC UNSPONS ADR | 2,288 | 2,355 |
| ALPHABET INC CL A | 7,471 | 8,763 |
| AMAZON COM | 7,086 | 9,771 |
| AMERICAN EXPRESS CO | 7,981 | 8,826 |
| AMERICAN TOWER REIT INC | 3,089 | 3,142 |
| AMERICAN WATER WORKS COMPANY I | 3,928 | 4,144 |
| ANHEUSER BUSCH COS INC | 6,482 | 6,432 |
| APPLE INC | 12,065 | 20,700 |
| APPLIED MATERIALS INC | 4,579 | 6,214 |
| ASSA ABLOY UNSP/ADR | 4,925 | 5,043 |
| ASSURANT INC | 5,949 | 6,539 |
| ASTRAZENECA | 8,407 | 8,248 |
| AT&T, INC | 5,264 | 4,745 |
| ATHENE HOLDING LTD | 6,732 | 8,628 |
| AUTOMATIC DATA PROCESSING INC | 3,942 | 4,405 |
| AUTOZONE INC | 7,602 | 8,298 |
| AXALTA COATING SYSTEMS LTD | 6,389 | 6,338 |
| BAIDU.COM - ADR | 6,661 | 9,731 |
| BANK OF AMERICA CORP | 7,911 | 8,760 |
| BHP BILLITON LIMITED | 4,343 | 5,097 |
| BLACKROCK HIGH YIELD BOND PORT | 33,018 | 33,918 |
| BLACKROCK INC | 9,444 | 12,988 |
| BRISTOL-MYERS SQUIBB CO | 9,556 | 10,297 |
| BROADCOM INC | 12,193 | 15,763 |
| CANADIAN NATL RAILWAY CO | 3,767 | 4,614 |
| CATERPILLAR INC | 5,755 | 6,553 |
| CENTRAIS ELECTRICAS BRASIL BRA | 4,679 | 5,277 |
| CHARLES RIV LABORATORIES INTL | 4,279 | 6,496 |
| CHEVRON CORP | 6,221 | 5,743 |
| CHUBB LIMITED | 10,356 | 12,468 |
| CIGNA CORPORATION | 3,860 | 4,372 |
| CISCO SYSTEMS INC | 4,006 | 3,535 |
| COMCAST CORP | 13,104 | 15,301 |
| COMPANHIA PARANAENSE DE ENERGI | 4,577 | 5,348 |
| CONSTELLATION BRANDS INC | 4,219 | 5,038 |
| CRH PLC - AMERICAN DEPOSITARY | 7,693 | 8,431 |
| CURTISS WRIGHT CP | 6,408 | 6,865 |
| DARDEN RESTAURANTS INC | 4,003 | 4,169 |
| DECKERS OUTDOOR CORPORATION | 3,832 | 5,736 |
| DELTA AIR LINES INC | 4,767 | 4,664 |
| DEUTSCHE TELE AG ADS | 6,326 | 6,230 |
| DIGITAL RLTY TR INC | 3,620 | 3,348 |
| DOLLAR GENERAL CORP | 3,405 | 4,206 |
| EAGLE MATERIALS INC | 5,313 | 6,892 |
| EASTMAN CHEMICAL CO | 3,620 | 4,412 |
| EATON CORP PLC | 2,981 | 4,085 |
| EMCOR GROUP INC | 3,854 | 4,847 |
| EMERGENT BIOSOLUTIONS INC | 4,296 | 3,853 |
| ENBRIDGE INC | 10,651 | 10,909 |
| EQUITABLE HOLDINGS INC | 5,939 | 6,065 |
| EVERCORE PARTNERS INC | 6,257 | 7,675 |
| F M C CP | 5,579 | 6,321 |
| FACEBOOK INC | 6,560 | 8,195 |
| FORTUNE BRANDS HOME & SECURITY | 5,961 | 5,829 |
| FOX CORP CL A | 5,172 | 5,387 |
| GARMIN LTD | 10,329 | 11,607 |
| GENERAL MILLS INC | 4,045 | 3,881 |
| GENERAL MOTORS | 4,890 | 5,955 |
| GENTEX CORPORATION | 4,644 | 5,225 |
| GLOBAL PAYMENTS INC | 4,450 | 4,955 |
| GLOBE LIFE INC | 4,298 | 4,938 |
| HENDERSON GROUP PLC | 4,904 | 6,535 |
| HOME DEPOT INC | 4,569 | 5,578 |
| HONEYWELL INTL | 4,197 | 5,105 |
| IBERDROLA ADR | 3,814 | 5,003 |
| ICON PLC - AMERICAN DEPOSITARY | 3,509 | 4,875 |
| INFOSYS TECH LTD SPD ADR | 4,361 | 6,407 |
| INTEL CORP | 4,260 | 3,936 |
| INTERCONTINENTAL EXCHANGE, INC | 4,110 | 4,842 |
| INTERPUBLIC GROUP OF COS | 8,945 | 9,290 |
| INVESCO BUYBACK ACHIEVERS ETF | 8,238 | 8,287 |
| IQVIA HOLDINGS INC | 4,487 | 5,017 |
| ISHARE SP SMALL CAP 600 INDEX | 38,971 | 40,986 |
| ISHARES BROAD USD HIGH YIELD C | 9,390 | 9,614 |
| ISHARES IBOXX $ HIGH YIELD COR | 46,755 | 47,665 |
| J2 GLOBAL INC | 4,884 | 5,471 |
| JOHNSON & JOHNSON | 13,535 | 14,794 |
| JOHNSON CONTROLS INTERNATIONAL | 4,362 | 4,845 |
| JP MORGAN CHASE | 16,434 | 19,061 |
| JPMORGAN HIGH YIELD BOND FUND | 21,161 | 21,705 |
| KONINKLIJKE AHOLD DELHAIZE NV | 1,522 | 1,553 |
| L3HARRIS TECHNOLOGIES | 4,184 | 3,969 |
| LAM RESEARCH CORP | 3,593 | 6,140 |
| LINDE PLC COM | 8,095 | 10,804 |
| LOCKHEED MARTIN CORP | 4,363 | 4,615 |
| LORD ABBETT HIGH YIELD FD CL I | 11,893 | 12,308 |
| LULULEMON ATHLETICA INC | 1,116 | 2,436 |
| M.D.C. HLDGS | 4,312 | 5,638 |
| MASONITE INTERNATIONAL CORPORA | 6,310 | 6,294 |
| MCDONALD'S CORP | 3,954 | 4,077 |
| MEDICAL PROPERTIES TRUST, INC | 4,607 | 5,360 |
| MEDTRONIC PLC | 15,084 | 16,400 |
| MERCK & CO INC | 3,567 | 3,517 |
| METHODE ELECTRONICS, INC | 5,898 | 6,967 |
| MICROSOFT CORP | 13,582 | 18,016 |
| MORGAN STANLEY | 12,536 | 16,721 |
| MURATA MFG INC UNSP/ADR | 4,727 | 5,869 |
| NAVIGATOR TACTICAL FIXED INCOM | 240,845 | 244,158 |
| NEUBERGER BERMAN HIGH INC BOND | 9,431 | 9,690 |
| NEXTERA ENERGY, INC | 4,873 | 6,172 |
| NICE SYSTEMS LTD | 3,505 | 5,671 |
| NORFOLK SOUTHERN CORP | 4,242 | 4,515 |
| NOVARTIS AG ADR | 6,947 | 7,554 |
| NVENT ELECTRIC PLC | 9,638 | 11,016 |
| ONEOK INC | 5,874 | 5,872 |
| OSHKOSH CORP | 3,997 | 4,045 |
| OTIS WORLDWIDE CORP | 3,786 | 3,850 |
| PAYPAL HOLDINGS, INC | 5,828 | 6,792 |
| PENTAIR INC. COM | 5,937 | 7,539 |
| PFIZER INC | 4,104 | 3,975 |
| PHILIP MORRIS INTL | 8,036 | 8,196 |
| PIMCO 0-5 YEAR H/Y CORP BOND | 9,478 | 9,724 |
| PIMCO HIGH-YIELD INSTL | 23,485 | 23,987 |
| POLARIS INDUSTRIES | 3,639 | 3,906 |
| PPG INDUSTRIES INC | 3,959 | 4,471 |
| PROCTER GAMBLE CO | 10,665 | 11,966 |
| PROLOGIS | 5,202 | 5,880 |
| PULTE GROUP INC | 3,941 | 5,390 |
| QUALCOMM INC | 3,778 | 4,113 |
| REGENERON PHARMACEUTICALS INC | 6,120 | 5,797 |
| RIO TINTO PLC SPONSORED ADR | 5,538 | 6,695 |
| ROYAL BANK OF CANADA | 3,865 | 4,431 |
| SBERBANK SPONSORED ADR | 4,970 | 5,148 |
| SCIENCE APPLICATIONS INTERNATI | 3,996 | 4,543 |
| SKYWORKS SOLUTIONS, INC | 3,271 | 4,739 |
| SONY CORP ADR | 5,927 | 8,998 |
| SOUTHERN CO | 11,183 | 11,979 |
| SPDR BARCLAYS SHORT TERM HIGH | 9,413 | 9,648 |
| SPDR BLOOMBERG BARCLAYS HYB ET | 32,828 | 33,553 |
| SPDR DJ MID CAP GRWT | 14,445 | 16,431 |
| SPDR S&P 400 MID CAP VALUE ETF | 13,943 | 14,708 |
| STANLEY BLACK & DECKER INC | 4,342 | 5,535 |
| STERIS PLC | 6,632 | 7,961 |
| STORA ENSO OYJ | 6,667 | 8,412 |
| STRYKER CORPORATION | 5,767 | 7,106 |
| SUN LIFE FINANCIAL INC | 9,264 | 9,426 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 6,707 | 12,212 |
| TC ENERGY CORPORATION | 3,601 | 3,217 |
| TDK CORP | 5,954 | 8,337 |
| TENCENT HOLDINGS LIMITED | 9,163 | 9,489 |
| TERNIUM S.A. ADS | 4,711 | 4,653 |
| TEXAS INSTRUMENTS INC | 4,894 | 6,237 |
| TFI INTERNATIONAL | 5,553 | 6,293 |
| THE COCA-COLA CO | 4,021 | 4,223 |
| TIAA CREF HIGH YIELD INST | 9,278 | 9,457 |
| TIMKEN CO COM | 3,336 | 4,177 |
| TJX COMPANIES INC | 3,971 | 4,712 |
| TOKYO ELECTRON LTD | 8,380 | 11,980 |
| TOYOTA MTR CORP | 8,880 | 9,892 |
| TRUIST FINANCIAL CORPORATION | 4,684 | 6,135 |
| TYSON FOODS INC CL A | 4,045 | 3,866 |
| UBS AG | 7,243 | 8,591 |
| UDR INC | 3,911 | 3,881 |
| UNION PACIFIC | 6,482 | 7,704 |
| UNITEDHEALTH GROUP INC | 10,292 | 13,326 |
| UNIVERSAL FOREST PRODUCTS, INC | 4,109 | 4,555 |
| V F CORP | 3,855 | 4,271 |
| VERIZON COMMUNICATIONS | 3,735 | 3,701 |
| VOLKSWAGEN AG | 4,682 | 5,775 |
| WAL-MART STORES INC | 3,245 | 3,892 |
| WALT DISNEY HOLDINGS CO | 4,606 | 5,979 |
| WASTE MANAGEMENT INC | 3,598 | 3,892 |
| WELLS FARGO & CO | 4,031 | 4,135 |
| WILLIAMS COS | 4,812 | 4,431 |
| WILLIAMS SONOMA INC | 3,485 | 4,583 |
| WILLIS TOWERS WATSON PUBLIC LT | 5,597 | 5,899 |
| XTRACKERS USD HIGH YIELD CORPO | 9,395 | 9,567 |
| ZURICH INS GROU ADR | 5,992 | 6,924 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| LAZARD LTD | 2,477 | 2,496 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 10,557 | 10,557 | ||
| Bank Charges | 106 | 106 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 14,534 | 14,534 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign Tax Paid | 1,349 | 1,349 |