Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
ARLENE AND MICHAEL ROSEN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7 W FIGUEROA STREET 3RD FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93101
A Employer identification number

47-3040686
B Telephone number (see instructions)

(866) 888-5157
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$26,651,238J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 530,740 530,740  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,343,187
b Gross sales price for all assets on line 6a 30,349,719
7 Capital gain net income (from Part IV, line 2)... 1,343,187
8 Net short-term capital gain.........  
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)....... Click to see attachment 257 0  
12 Total. Add lines 1 through 11........ 1,874,184 1,873,927  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 162,034 0   162,034
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 11,224 0   11,224
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 20,800 10,400   10,400
c Other professional fees (attach schedule).... Click to see attachment 147,111 124,176   22,935
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,746 3,736   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,094 0   5,094
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 32,867 0   32,867
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 421,876 138,312   244,554
25 Contributions, gifts, grants paid....... 1,655,215 1,336,581
26 Total expenses and disbursements. Add lines 24 and 25 2,077,091 138,312   1,581,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -202,907
b Net investment income (if negative, enter -0-) 1,735,615
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 35,343 113,258 113,258
2 Savings and temporary cash investments......... 1,359,727 495,351 495,351
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 19,412,306 Click to see attachment22,316,257 22,316,257
c Investments—corporate bonds (attach schedule)....... 4,655,260 Click to see attachment3,673,957 3,673,957
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment12,696 12,696
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment42,340 Click to see attachment39,719 Click to see attachment39,719
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,504,976 26,651,238 26,651,238
Liabilities 17 Accounts payable and accrued expenses.......... 5,368 1,992
18 Grants payable................. 416,366 735,000
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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 421,734 736,992
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 25,083,242 25,914,246
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 25,083,242 25,914,246
30 Total liabilities and net assets/fund balances (see instructions). 25,504,976 26,651,238
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,083,242
2
Enter amount from Part I, line 27a .....................
2
-202,907
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,033,911
4
Add lines 1, 2, and 3 ..........................
4
25,914,246
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,914,246
Form 990-PF (2020)
Form 990-PF (2020)
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 PUBLICLY TRADED SECURITIES     2020-12-31
b CAPITAL GAINS DIVIDENDS P 2020-01-01 2020-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,349,719   29,080,384 1,269,335
b       73,852
c
d
e
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       1,269,335
b       73,852
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,343,187
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 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 24,125
c All other domestic foundations enter 1.39% 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 24,125
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 24,125
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 30,656
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,656
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,531
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,531 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    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 .
    8b
    Yes
     
    9
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 .............
    11
     
    No
    12
    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.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletAMROSENFOUNDATION.ORG
    14
    The books are in care ofbulletJASON SATTERFIELD Telephone no.bullet (866) 888-5157

    Located atbullet7 W FIGUEROA STREET 3RD FLOORSANTA BARBARACA ZIP+4bullet93101
    15
    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
    15
     
    16 At any time during calendar year 2020, 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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 ........
    1b
     
    No
    ........bullet
    c
    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 2020?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 ......
    5b
     
     
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    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? .................
    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
    TOBI TRAVIS TRUSTEE
    1.00     		0 0 0
    7 W FIGUEROA STREET 3RD FLOOR
    SANTA BARBARA,CA93101
    SEAN HALEEN TRUSTEE
    1.00     		0 0 0
    7 W FIGUEROA STREET 3RD FLOOR
    SANTA BARBARA,CA93101
    JASON SATTERFIELD EXECUTIVE DIRECTOR
    40.00     		152,292 9,742 0
    7 W FIGUEROA STREET 3RD FLOOR
    SANTA BARBARA,CA93101
    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...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    JP MORGAN INVESTMENT MANAGMENT FEES 124,176
    2029 CENTURY PARK EAST 39TH FLOOR
    LOS ANGELES,CA90067
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,921,189
    b
    Average of monthly cash balances.......................
    1b
    459,524
    c
    Fair market value of all other assets (see instructions)................
    1c
    52,415
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,433,128
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    22,433,128
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    336,497
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,096,631
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,104,832
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,104,832
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    24,125
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,125
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,080,707
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,080,707
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,080,707
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,581,135
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,581,135
    5
    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.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,581,135
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,080,707
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 76,657
    c From 2017...... 357,292
    d From 2018...... 163,838
    e From 2019......  
    fTotal of lines 3a through e........ 597,787
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,581,135
    a Applied to 2019, but not more than line 2a 0
    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 2020 distributable amount..... 1,080,707
    e Remaining amount distributed out of corpus 500,428
    5 Excess distributions carryover applied to 2020. 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 1,098,215
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,098,215
    10 Analysis of line 9:
    a Excess from 2016.... 76,657
    b Excess from 2017.... 357,292
    c Excess from 2018.... 163,838
    d Excess from 2019....  
    e Excess from 2020.... 500,428
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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 (2020)
    Form 990-PF (2020)
    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)
    aPaid during the year
    ALAMEDA POINT COLLABORATIVE
    677 W RANGER AVE
    ALAMEDA,CA94501     		  PC SUPPORT FOR THE CREATION OF THE ALAMEDA WELLNESS CAMPUS 200,000
    ALOHA HOUSE
    PO BOX 791749
    PAIA,HI96779     		  PC TREATMENT AND SOBER LIVING PROGRAMS 300,000
    HOMEBASE
    870 MARKET STREET SUITE 1228
    SAN FRANCISCO,CA94102     		  PC ONGOING SUPPORT FOR THE SAFE HAVEN CLINIC INITIATIVE AS WELL AS A FORMAL PLAN/PROPOSAL FOR THE FIRST SAFE HAVEN CLINIC. 200,000
    HYPERBARIC HEALTH & WELLNESS FOUNDATION
    613 NORTH RIVER STREET
    HAILEY,ID83333     		  PC FUNDING FOR HYPERBARIC OXYGEN THERAPY AND PREVENTION SERVICES FOR VETERANS WITH PTSD (INSTALLMENT 1) 266,366
    MENDOCINO COAST HOSPITALITY CENTER
    PO BOX 2168
    FORT BRAGG,CA95437     		  PC SUPPORT FOR A BEHAVIORAL HEALTH CASE MANAGER TO ACCOMPANY STREET MEDICINE TEAM 50,000
    MENDOCINO HEALTH ALLIANCE
    PO BOX 1196
    GUALALA,CA95445     		  PC FUNDING FOR PREVENTION AND TELEMEDICINE PROGRAMS 100,000
    MEN'S SECOND CHANCE LIVING
    PO BOX 2398
    HAILEY,ID83333     		  PC FUNDING FOR SOBER LIVING PROGRAMS 100,000
    OLAS (VIA EAST BAY SANCTUARY COVENANT)
    PO BOX 4670
    BERKELEY,CA94704     		  PC FUNDING FOR PREVENTION PROGRAMS FOR LGBT ASYLUM-SEEKERS 25,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN DIEGO
    4510 EXECUTIVE DR SUITE 315
    SAN DIEGO,CA92121     		  PC FUNDING FOR EATING DISORDER PREVENTION RESEARCH 75,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA
    4510 EXECUTIVE DR SUITE 315
    SAN DIEGO,CA92121     		  PC FUNDING FOR EATING DISORDER PREVENTION RESEARCH 20,215
    Total .................................bullet 3a 1,336,581
    bApproved for future payment
    CARON FOUNDATION
    PO BOX 150
    WERNERSVILLE,PA19565     		  PC SUPPORT FOR THE CREATION OF THE FRAN AND DOUGLAS TIEMAN CENTER FOR RESEARCH 300,000
    SCRIPPS HEALTH FOUNDATION
    PO BOX 2669
    LA JOLLA,CA92038     		  PC FUNDS TO LEASE OFFICE SPACE FOR USE IN TRAINING RESIDENTS IN BEHAVIORAL HEALTH INTERVENTIONS 240,000
    Total .................................bullet 3b 540,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    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....     14 530,740  
    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 1,343,187  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS REVENUE     		    01 257  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,874,184 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,874,184
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    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? ...........
    b
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,800 10,400   10,400

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Name of Bond End of Year Book Value End of Year Fair Market Value
    10,000.00 VA ELEC & PWR CO 3.45% 02/15/2024 10,786 10,786
    15,000 ALLSTATE CORP 3.15% 06/15/2023 16,002 16,002
    15000 INTEL CORP 2.45% 11/15/2029 16,263 16,263
    15,000 BERKSHIRE HATHAWAY ENERG 3.5% 02/01/2025 16,518 16,518
    15,000.00 WELLS FARGO & CO 3.0% 10/23/2026 16,623 16,623
    15,000 LOWE'S COS INC 3.375% 09/15/2025 16,739 16,739
    15,000.00 CON EDISON CO OF NY INC 3.125% 11/15/2027 16,768 16,768
    15,000.00 HOME DEPOT INC 3.9% 12/06/2028 18,040 18,040
    20,000.00 S&P GLOBAL INC 2.5% 12/01/2029 21,802 21,802
    20,000.00 CON EDISON CO OF NY INC 2.9% 12/01/2026 22,039 22,039
    20000 COMCAST CORP 3.375% 02/15/2025 22,110 22,110
    20,000 TX INSTRUMENTS INC SR NTS 2.9% 11/03/2027 DTD 22,354 22,354
    20,000.00 CHARLES SCHWAB CORP 3.2% 01/25/2028 22,639 22,639
    20,000.00 PUB STORAGE 3.385% 05/01/2029 22,878 22,878
    28,000.00 MARSH & MCLENNAN COS INC 3.5% 06/03/2024 30,533 30,533
    28,000.00 US BANCORP 3.7% 01/30/2024 30,693 30,693
    30,000.00 DUKE ENERGY PROGRESS LLC 2.8% 05/15/2022 30,827 30,827
    30,000 UNITEDHEALTH GROUP INC 3.350% 07/15/2022 31,438 31,438
    33,000.00 UNITEDHEALTH GROUP INC 2.125% 03/15/2021 33,123 33,123
    30,000.00 ERP OPER LP 2.85% 11/01/2026 33,179 33,179
    30,000 ENTERGY LOUISIANA LLC 3.120% 09/01/2027 33,411 33,411
    33000 PROCTER & GAMBLE CO/THE 2.3% 02/06/2022 33,763 33,763
    30,000.00 BK OF AMER CORP VAR RT 04/23/2027 33,865 33,865
    30000 MICROSOFT CORP 3.3% 02/06/2027 34,218 34,218
    35,000.00 TWDC ENTERPRISES 18 CORP 2.3% 02/12/2021 35,061 35,061
    35,000.00 TRUIST BK VAR RT 08/02/2022 35,635 35,635
    35,000.00 VA ELEC & PWR CO 2.95% 01/15/2022 35,716 35,716
    35000 AMAZON.COM INC 3.3% 12/05/2021 35,806 35,806
    33,000.00 AIR PRODUCTS & CHEMICALS 3.350% 07/31/2024 35,982 35,982
    34000 APPLE INC 3.45% 05/06/2024 37,435 37,435
    35,000 VA ELEC & PWR CO SR NTS 3.15% 01/15/2026 DTD 38,797 38,797
    38000 BURLINGTN NORTH SANTA FE 3.000% 03/15/2023 39,904 39,904
    40,000.00 CATERPILLAR FINL SVC MTN 3.15% 09/07/2021 40,773 40,773
    40000 HOME DEPOT INC 2.125% 09/15/2026 43,100 43,100
    45,000.00 PNC FINL SERVICES 3.3% 03/08/2022 46,482 46,482
    40,000.00 WALMART INC 3.25% 07/08/2029 46,530 46,530
    45,000 ST STR CORP SR NTS 3.55% 08/18/2025 DTD 51,074 51,074
    50,000.00 JOHN DEERE CAP CORP 2.75% 03/15/2022 51,487 51,487
    50,000 REP SERVICES INC SR NTS 2.3% 03/01/2030 DTD 52,803 52,803
    50,000.00 WELLS FARGO & CO 3.45% 02/13/2023 52,985 52,985
    60000 ORACLE CORP 2.4% 09/15/2023 63,085 63,085
    61,000 CROWN CASTLE INTL CORP SR NTS 3.3% 07/01/2030 DTD 68,239 68,239
    1311.440 INVESCO DEVELOP MRKTS-R6 70,096 70,096
    65000 BB&T CORPORATION MTN 2.850% 10/26/2024 70,327 70,327
    62,000 VULCAN MATERIALS CO SR NTS 3.5% 06/01/2030 DTD 71,176 71,176
    63,000 MORGAN STANLEY 4.0% 07/23/2025 72,112 72,112
    65,000 JM SMUCKER CO SR NTS 3.5% 03/15/2025 DTD 72,434 72,434
    65,000 AMERN TOWER CORP SR NTS 3.8% 08/15/2029 DTD 75,535 75,535
    72,000 $ GEN CORP SR NTS 3.25% 04/15/2023 DTD 76,178 76,178
    77,000 FRESENIUS US FIN II 4.5% 01/15/2023 DTD 09/25/2015 81,775 81,775
    74000 COMCAST CORP 3.150% 03/01/2026 82,611 82,611
    69,000 DIGITAL RLTY TR LP 4.45% 07/15/2028 DTD 06/21/2018 82,924 82,924
    75,000 FISERV INC SR NTS 3.85% 06/01/2025 DTD 84,596 84,596
    75,000 BK OF AMER CORP 3.5% 04/19/2026 84,980 84,980
    76,000 CSX CORP SR NTS 3.25% 06/01/2027 DTD 85,871 85,871
    80,000.00 DUKE ENERGY FL LLC 2.5% 12/01/2029 87,282 87,282
    81000 APPLE INC 2.500% 02/09/2025 87,384 87,384
    77,000 HUMANA INC SR NTS 3.95% 03/15/2027 DTD 88,588 88,588
    79,000 CVS HEALTH CORP SR NTS 3.25% 08/15/2029 DTD 89,127 89,127
    90,000.00 AMERN EXPRESS CO 2.5% 08/01/2022 92,863 92,863
    85,000 AT&T INC SR NTS 4.25% 03/01/2027 DTD 99,392 99,392
    95,000 TYSON FOODS INC SR NTS 4.0% 03/01/2026 DTD 109,251 109,251
    97,000.00 RAYTHEON TECH CORP 4.125% 11/16/2028 DTD 115,588 115,588
    107,000.00 CITIGROUP INC 3.2% 10/21/2026 119,547 119,547
    108,000 NORTHROP GRUMMAN CORP SR NTS 3.25% 01/15/2028 DTD 122,076 122,076
    112000 GOLDMAN SACHS GROUP INC 4.000% 03/03/2024 123,739 123,739
    131,000 FORD MTR CR CO LLC SR NTS 5.085% 01/07/2021 131,000 131,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Name of Stock End of Year Book Value End of Year Fair Market Value
    9 DANSKE BANK A/S - SPON ADR 74 74
    12 ACS ACTIVIDADES CONS-UNS ADR 80 80
    16 ICL GROUP LTD 81 81
    8 SINGAPORE TELECOMMUNICAT-ADR 139 139
    4 GEA GROUP AG - SPON ADR 143 143
    6 PANDORA A/S-SPONSORED ADR 166 166
    56 EDF-UNSPON ADR 174 174
    9 VALEO SA-SPON ADR 176 176
    21 SUEZ-SPONSORED ADR 206 206
    2 SINGAPORE EXCHANGE-UNSP ADR 211 211
    3 TECHTRONIC INDUSTRIES-SP ADR 214 214
    69 SCOR-SPONSORED ADR 221 221
    4 NOVOZYMES A/S-UNSPONS ADR 228 228
    13 SWEDBANK AB-ADR 229 229
    7 KNORR-BREMSE - UNSP ADR 236 236
    69 CARREFOUR SA-SP ADR 237 237
    78 KONINKLIJKE KPN NV - SP ADR 241 241
    14 PRYSMIAN SPA-UNSPONSOREE ADR 249 249
    122 AUTO TRADER GROUP-UNSP ADR 249 249
    1 WIX.COM LTD 250 250
    35 ACCOR SA-SPONSORED ADR 252 252
    7 AKZO NOBEL NV-SPON ADR 252 252
    18 FUCHS PETROLUB SE-PREF ADR 256 256
    28 PEARSON PLC-SPONSORED ADR 257 257
    21 PUBLICIS GROUPE-ADR 259 259
    164 ROLLS-ROYCE HOLDINGS-SP ADR 259 259
    2 MTU AERO ENGINES-UNSPON ADR 260 260
    42 GLENCORE PLC -UNSP ADR 263 263
    24 A P MOLLER-MAERSK-B-UNSP ADR 267 267
    66 TELEFONICA SA-SPON ADR 267 267
    13 SMITHS GROUP PLC- SPON ADR 269 269
    10 DEUTSCHE WOHNEN SE-UNSP ADR 271 271
    55 SVENSKA HANDELSB-A-UNSP ADR 274 274
    41 BRITISH LAND CO PLC-SPON ADR 274 274
    2 TEMENOS AG-SP ADR 283 283
    30 RAKUTEN INC-ADR 290 290
    36 TELIA CO - UNSPON ADR 295 295
    7 CRH PLC-SPONSORED ADR 298 298
    65 NATURGY ENERGY GROUP SA-ADR 300 300
    11 PEUGEOT SA-UNSP ADR 301 301
    3 EVOLUTION GAMING GROUP AB 303 303
    58 APARTMENT INVT & MGMT CO -A 306 306
    68 NATWEST GROUP PLC-SPON ADR 307 307
    13 VEOLIA ENVIRONNEMENT-ADR 316 316
    64 BANCO BILBAO VIZCAYA-SP ADR 316 316
    4 HANNOVER RUECKVERSICHER-ADR 318 318
    5 OCADO GROUP PLC - SP ADR 323 323
    11 DENSO CORPORATION-UNSPON ADR 329 329
    215 HONG KONG & CHINA GAS-SP ADR 329 329
    85 HENDERSON LAND DEV-SPON ADR 332 332
    12 TEAMVIEWER AG - UNSP ADR 333 333
    31 NISSAN MOTOR CO LTD-SPON ADR 334 334
    87 NOKIA CORP-SPON ADR 340 340
    10 KOSE CORP-UNSPONSORED ADR 346 346
    18 UBISOFT ENTERTAIN-UNSPON ADR 347 347
    32 DEUTSCHE BANK AG-REGISTERED 349 349
    48 KINGFISHER PLC-SPONS ADR 353 353
    14 CHR HANSEN HOLDING -SPON ADR 358 358
    15 AXA -SPONS ADR 359 359
    6 GEBERIT AG-UNSP ADR 374 374
    13 DENTSU GROUP INC - UNSPD ADR 391 391
    14 ABB LTD-SPON ADR 391 391
    23 NSK LTD-UNSPONSORED ADR 392 392
    33 UMICORE - UNSPON ADR 393 393
    45 RENAULT SA-UNSP ADR 393 393
    28 TOSHIBA CORP-UNSPONSORED ADR 395 395
    70 ALSTOM SA-UNSPON ADR 398 398
    10 OMV AG-BEARER SHRS ADR 402 402
    3 CARL ZEISS MEDIT-UNSPON ADR 402 402
    20 RYOHIN KEIKAKU CO -UNSP ADR 409 409
    20 SEKISUI HOUSE-SPONS ADR 410 410
    8 SONOVA HOLDING-UNSPON ADR 420 420
    8 ZALANDO SE - UNSPONSORED ADR 442 442
    60 SEIKO EPSON CORP-UNSPON ADR 443 443
    6 DBS GROUP HOLDINGS-SPON ADR 456 456
    6 PERSIMMON PLC-UNSPON ADR 459 459
    2 FERRARI NV 459 459
    46 REPSOL SA-SPONSORED ADR 460 460
    5 AFTERPAY LTD - UNSP ADR 461 461
    52 DAI NIPPON PRINT-SPON ADR 467 467
    19 UNITED UTILITIES GROUP-ADR 475 475
    9 AGEAS -SPON ADR 481 481
    50 JAPAN AIRLINES CO-UNP ADR 484 484
    132 SHARP CORP-UNSPONSORED ADR 488 488
    37 SUMITOMO CORP-SPON ADR 494 494
    40 J. SAINSBURY PLC-SPONS ADR 494 494
    5 GALAPAGOS NV-SPON ADR 495 495
    24 ASAHI KASEI CORP-UNSPON ADR 495 495
    10 MAKITA CORP-SPONS ADR 503 503
    6 WOLTERS KLUWER NV-SPONS ADR 504 504
    124 HENNES & MAURITZ AB-UNSP ADR 507 507
    42 Z HOLDINGS CORP-UNSPON ADR 509 509
    15 BUNZL PLC -SPONS ADR 510 510
    3 TELEPERFORMANCE-UNSPON ADR 514 514
    25 VOLKSWAGEN A G-UNSPON ADR 521 521
    4 ELBIT SYSTEMS LTD 523 523
    35 INFORMA PLC-SP ADR 524 524
    43 WM MORRISON-UNSPON ADR 524 524
    43 STANDARD CHARTERED- UNSP ADR 550 550
    26 SAMPO OYJ-A SHS-UNSP ADR 560 560
    3 SUZUKI MOTOR CORP-UNS ADR 561 561
    37 ERSTE GROUP BANK AG-SPON ADR 561 561
    3 ASHTEAD GROUP PLC-UNSPON ADR 569 569
    10 TREND MICRO INC-SPON ADR 574 574
    18 VIVENDI SA-UNSPON ADR 578 578
    50 JULIUS BAER GROUP LTD-UN ADR 578 578
    190 BANCO SANTANDER SA-SPON ADR 580 580
    13 ATLAS COPCO AB-SPON ADR B SH 585 585
    63 ING GROEP N.V.-SPONSORED ADR 595 595
    601 YASKAWA ELECTRIC CORP-ADR 601 601
    132 TELECOM ITALIA SPA-SPON ADR 603 603
    51 TORAY INDUSTRIES-UNSPON ADR 606 606
    55 E.ON SE -SPONSORED ADR 608 608
    31 NEWCREST MINING LTD-SPON ADR 620 620
    69 ATLANTIA SPA-UNSPONSORED ADR 622 622
    112 SWIRE PACIFIC LTD-SP ADR A 622 622
    33 STORA ENSO OYJ-SPONS ADR 622 622
    23 BAE SYSTEMS PLC -SPON ADR 624 624
    18 KBC GROEP NV-UNSP ADR 628 628
    53 ORANGE-SPON ADR 629 629
    12 FUJIFILM HOLDINGS-UNSP ADR 635 635
    23 KOMATSU LTD -SPONS ADR 637 637
    58 ENAGAS-UNSPONSORED ADR 638 638
    52 ASSA ABLOY AB - UNSP ADR 640 640
    164 AEGON N.V.-NY REG SHR 648 648
    20 SAGE GROUP PLC-UNSPON ADR 648 648
    12 WPP PLC-SPONSORED ADR 649 649
    17 INFINEON TECHNOLOGIES-ADR 655 655
    20 SYMRISE AG-UNSPON ADR 665 665
    9 ADVANTEST CORP- SPON ADR 674 674
    19 RENTOKIL INITIAL PLC-SP ADR 676 676
    68 SUBARU CORP-UNSPONS ADR 677 677
    16 RWE AKTIENGESELLSCHAF-SP ADR 679 679
    33 ENI SPA-SPONSORED ADR 680 680
    29 SWISS RE LTD-SPN ADR 687 687
    28 SANDVIK AB-SPONSORED ADR 689 689
    23 SGS SA-UNSPONSORED ADR 690 690
    16 KONINKLIJKE DSM NV-SPONS ADR 692 692
    30 TERNA SPA-UNSPONSORED ADR 692 692
    18 VONOVIA SE-UNSP ADR 699 699
    38 LEGAL & GEN GROUP -SPON ADR 700 700
    30 VOLVO AB-B SHS-UNSPON ADR 701 701
    19 UPM-KYMMENE OYJ-UNSPON ADR 704 704
    43 BRIDGESTONE CORP-UNSPONS ADR 705 705
    24 JAMES HARDIE IND PLC-SP ADR 712 712
    45 INDITEX-UNSPON ADR 722 722
    57 CREDIT SUISSE GROUP-SPON ADR 730 730
    32 ARCELORMITTAL-NY REGISTERED 733 733
    23 DISH NETWORK CORP-A 744 744
    140 NOMURA HOLDINGS INC-SPON ADR 746 746
    32 DAITO TRUST CONS-SPN ADR 751 751
    9 DSV PANALPINA A S - UNSP ADR 756 756
    22 MARUI LTD-UNSPON ADR 763 763
    58 HANG LUNG PROPERTIES-SP ADR 764 764
    26 MUENCHENER RUECK-UNSPON ADR 772 772
    34 UNUM GROUP 780 780
    51 ENGIE-SPON ADR 780 780
    15 WEST JAPAN RAILWAY-UNSP ADR 787 787
    66 ERICSSON (LM) TEL-SP ADR 789 789
    84 SOUTH32 - ADR 800 800
    5 GARTNER INC 801 801
    63 JAPAN EXCHANGE GROUP INC-ADR 803 803
    46 DAIMLER AG-UNSPONSORED ADR 806 806
    15 SWISSCOM AG-SPONSORED ADR 806 806
    9 HEXAGON AB- UNSP ADR 816 816
    6 ASSURANT INC 817 817
    33 VINCI S.A.-UNSPONS ADR 822 822
    31 BNP PARIBAS-ADR 825 825
    128 QBE INSURANCE GROUP-SPN ADR 835 835
    81 RED ELECTRICA COR-UNSPON ADR 838 838
    36 SHIMANO INC-UNSPON ADR 847 847
    3 NICE LTD - SPON ADR 851 851
    13 ENERGIAS DE PORTUGAL-SP ADR 853 853
    24 FORTESCUE METALS-SPON ADR 865 865
    8 JACOBS ENGINEERING GROUP INC 872 872
    72 FERGUSON PLC-ADR 872 872
    47 COMPASS GROUP PLC-SPON ADR 880 880
    3 ARGENX SE - ADR 882 882
    25 SAFRAN SA-UNSPON ADR 887 887
    82 LAFARGEHOLCIM LTD-UNSP ADR 889 889
    13 SHISEIDO LTD-SPONSORED ADR 901 901
    12 AMADEUS IT GROUP-UNSP ADR 902 902
    77 PANASONIC CORP-SPON ADR 902 902
    37 BURBERRY GROUP PLC-SPON ADR 909 909
    219 SOCIETE GENERALE-SPONS ADR 911 911
    45 SSE PLC-SPN ADR 914 914
    54 SPARK NEW ZEALAND-SPON ADR 915 915
    15 KYOCERA CORP -SPONS ADR 925 925
    43 CANON INC-SPONS ADR 935 935
    58 WH GROUP LTD - SPON ADR 967 967
    101 UNICHARM CORP - SPN ADR 969 969
    67 HANESBRANDS INC 977 977
    23 PULTEGROUP INC 992 992
    9 KUBOTA CORP-SPONS ADR 993 993
    59 SODEXO-SPONSORED ADR 1,001 1,001
    13 ESSILORLUXOT-UNSPON ADR 1,011 1,011
    5 DASSAULT SYSTEMES S-SPON ADR 1,018 1,018
    5 KANSAS CITY SOUTHERN 1,021 1,021
    28 NESTE OYJ - UNSP ADR 1,023 1,023
    58 SEVEN & I HOLDINGS-UNSPN ADR 1,030 1,030
    38 ALFA LAVAL AB-UNSPON ADR 1,031 1,031
    52 GAP INC/THE 1,050 1,050
    64 VODAFONE GROUP PLC-SP ADR 1,055 1,055
    69 MS&AD INSURANCE-UNSPONS ADR 1,056 1,056
    28 EXPERIAN PLC-SPONS ADR 1,063 1,063
    8 CHECK POINT SOFTWARE TECH 1,063 1,063
    93 TELSTRA CORP-ADR 1,066 1,066
    61 WOODSIDE PETROLEUM-SP ADR 1,066 1,066
    37 FOX CORP - CLASS B 1,069 1,069
    29 STMICROELECTRONICS NV-NY SHS 1,076 1,076
    14 ORIX - SPONSORED ADR 1,083 1,083
    42 HOLLYFRONTIER CORP 1,086 1,086
    22 DEUTSCHE POST AG-SPON ADR 1,096 1,096
    27 KONE OYJ-B-UNSPONSORED ADR 1,097 1,097
    60 GRIFOLS SA-ADR 1,106 1,106
    3 MITSUI & CO LTD-SPONS ADR 1,106 1,106
    48 SECOM CO LTD - UNSP - ADR 1,106 1,106
    46 HENKEL AG & CO- SPONS ADR 1,112 1,112
    24 ADYEN NV-UNSPON ADR 1,114 1,114
    437 MIZUHO FINANCIAL GROUP-ADR 1,114 1,114
    246 UNICREDIT SPA-ADR 1,114 1,114
    40 HONDA MOTOR CO LTD-SPONS ADR 1,130 1,130
    81 CENTRAL JAPAN RAI-UNSPON ADR 1,145 1,145
    129 CIE FINANCIERE RICH-UNSP ADR 1,154 1,154
    17 KOITO MANUFACTURING CO-ADR 1,160 1,160
    38 COVESTRO AG-SPONSORED ADR 1,165 1,165
    69 DEUTSCHE BOERSE AG-UNSPN ADR 1,166 1,166
    18 INTERCONTINENTAL HOTELS-ADR 1,172 1,172
    39 DISCOVERY INC - A 1,174 1,174
    380 SUMITOMO MITSUI TR-SPON ADR 1,186 1,186
    15 HITACHI LTD -ADR 1,191 1,191
    66 DEUTSCHE TELEKOM AG-SPON ADR 1,206 1,206
    15 NINTENDO CO LTD-UNSPONS ADR 1,208 1,208
    70 HANG SENG BANK-SPONSORED ADR 1,211 1,211
    8 TDK CORP-SPONSORED ADR 1,213 1,213
    40 SMC CORP-SPONSORED ADR 1,225 1,225
    45 SIKA AG-BR-ADR 1,225 1,225
    87 UBS GROUP AG-REG 1,229 1,229
    50 FANUC CORP-UNSP ADR 1,235 1,235
    140 AVIVA PLC - SPON ADR 1,235 1,235
    62 SUMITOMO CHEMICAL CO-UNS ADR 1,238 1,238
    42 EDENRED SA-UNSP ADR 1,242 1,242
    41 MITSUBISHI ELECTRIC-UNSP ADR 1,243 1,243
    43 FUJITSU LTD - UNSPON ADR 1,246 1,246
    14 OMRON CORP- SPONSORED ADR 1,253 1,253
    34 PRUDENTIAL PLC-ADR 1,256 1,256
    75 ANGLO AMERICAN PLC-SPONS ADR 1,260 1,260
    139 COMPAGNIE DE SAINT-UNSP ADR 1,270 1,270
    126 ORKLA ASA-SPON ADR 1,278 1,278
    59 PROSUS NV -SPON ADR 1,280 1,280
    208 SUMITOMO MITSUI-SPONS ADR 1,283 1,283
    48 AIRBUS SE - UNSP ADR 1,311 1,311
    51 SIEMENS HEALTHINEE-UNSP ADR 1,313 1,313
    24 HONG KONG EXCHANGES-UNSP ADR 1,314 1,314
    104 SUN HUNG KAI PROP LTD-SP ADR 1,332 1,332
    9 KERRY GROUP PLC-SPONS ADR 1,347 1,347
    61 MIZUHO FINANCIAL GROUP-ADR 1,349 1,349
    23 NATIONAL GRID PLC-SP ADR 1,358 1,358
    16 GIVAUDAN-UNSPON ADR 1,358 1,358
    20 ORSTED A/S-UNSP ADR 1,367 1,367
    149 CLP HOLDINGS LTD-SPONS ADR 1,369 1,369
    44 LONDON STOCK EXCHG-UNSP ADR 1,375 1,375
    56 SONIC HEALTHCARE LTD-SP ADR 1,376 1,376
    19 KERING-UNSPONSORED ADR 1,377 1,377
    21 ALCON INC 1,386 1,386
    144 TESCO PLC-SPONSORED ADR 1,392 1,392
    13 MACQUARIE GROUP LTD-ADR 1,394 1,394
    94 WESTPAC BANKING CORP-SP ADR 1,401 1,401
    161 NATIONAL AUSTRALIA BK-SP ADR 1,402 1,402
    15 TOKYO ELECTRON LTD-UNSP ADR 1,404 1,404
    48 BAYERISCHE MOTOREN-SPON ADR 1,409 1,409
    121 FRESENIUS SE & CO-SPN ADR 1,410 1,410
    95 KDDI CORP-UNSPONSORED ADR 1,410 1,410
    151 TECHNIPFMC PLC 1,419 1,419
    27 TOKIO MARINE HOLDINGS-ADR 1,424 1,424
    32 NITTO DENKO CORP-UNSPONS ADR 1,433 1,433
    129 EAST JAPAN RAILWAY-UNSP ADR 1,434 1,434
    79 EPIROC AB-UNSP ADR 1,436 1,436
    39 FLOWSERVE CORP 1,437 1,437
    16 FAST RETAILING CO-UNSPON ADR 1,438 1,438
    59 RELX PLC - SPON ADR 1,455 1,455
    74 BASF SE-SPON ADR 1,456 1,456
    82 LEGRAND SA-UNSP ADR 1,457 1,457
    49 DAIWA HOUSE INDUS-UNSP ADR 1,463 1,463
    8 ADIDAS AG-SPONSORED ADR 1,464 1,464
    43 UNITED OVERSEAS BANK-SP ADR 1,469 1,469
    47 NIDEC CORPORATION-SPON ADR 1,490 1,490
    25 SYSMEX CORP-UNSPON ADR 1,504 1,504
    49 CAPGEMINI SE - UNSPONSOR ADR 1,511 1,511
    16 GLOBE LIFE INC 1,519 1,519
    87 AUST & NZ BNKG GRP-SPON ADR 1,523 1,523
    29 BHP GROUP PLC-ADR 1,538 1,538
    60 NIPPON TELEGRAPH & TELE-ADR 1,542 1,542
    47 ADECCO GROUP AG-REG-UNSP ADR 1,564 1,564
    15 FLUTTER ENTERTAINM-UNSP ADR 1,565 1,565
    20 VESTAS WIND SYSTEMS-UNSP ADR 1,565 1,565
    7 IPG PHOTONICS CORP 1,567 1,567
    10 ADVANCE AUTO PARTS INC 1,575 1,575
    103 COLOPLAST SPON ADS EACH REPR 0.1 OD 1,578 1,578
    55 SCHNEIDER ELECT SE-UNSP ADR 1,592 1,592
    71 JUNIPER NETWORKS INC 1,598 1,598
    107 KIMCO REALTY CORP 1,606 1,606
    100 MITSUBISHI ESTATE-UNSPON ADR 1,616 1,616
    37 FLIR SYSTEMS INC 1,622 1,622
    73 DAIKIN INDUSTRIES-UNSPON ADR 1,630 1,630
    42 ROLLINS INC 1,641 1,641
    50 AIR LIQUIDE-UNSPONSORED ADR 1,645 1,645
    372 MITSUBISHI UFJ FINL-SPON ADR 1,648 1,648
    197 RECRUIT HOLDINGS CO LTD-ADR 1,657 1,657
    16 RALPH LAUREN CORP 1,660 1,660
    54 ASSOC BRITISH FOODS-UNSP ADR 1,677 1,677
    50 ROYAL DUTCH SHELL-SPON ADR-B 1,681 1,681
    40 SMITH & NEPHEW PLC -SPON ADR 1,687 1,687
    214 BARCLAYS PLC-SPONS ADR 1,710 1,710
    16 HERMES INTL-UNSPONSORED ADR 1,730 1,730
    3 BIO-RAD LABORATORIES-A 1,749 1,749
    40 LEGGETT & PLATT INC 1,772 1,772
    35 ATLAS COPCO AB-SPONS ADR A 1,788 1,788
    116 KAO CORP 1,791 1,791
    88 BP PLC-SPONS ADR 1,806 1,806
    49 L BRANDS INC 1,822 1,822
    133 NATIONAL OILWELL VARCO INC 1,826 1,826
    44 FRESENIUS MEDICAL CARE-ADR 1,829 1,829
    101 RECKITT BENCKISER-SPON ADR 1,830 1,830
    13 MOHAWK INDUSTRIES INC 1,832 1,832
    96 WESFARMERS LIMITED-UNSP ADR 1,866 1,866
    26 SIEMENS AG-SPONS ADR 1,867 1,867
    50 VORNADO REALTY TRUST 1,867 1,867
    116 CABOT OIL & GAS CORP 1,888 1,888
    39 DIAMONDBACK ENERGY INC 1,888 1,888
    120 AMERICAN AIRLINES GROUP INC 1,892 1,892
    84 MURATA MANUFACTUR-UNSPON ADR 1,903 1,903
    38 LINCOLN NATIONAL CORP 1,912 1,912
    110 INVESCO LTD 1,917 1,917
    24 PINNACLE WEST CAPITAL 1,919 1,919
    78 ALLIANZ SE - UNSP ADR 1,923 1,923
    44 SHIN-ETSU CHEM-UNSPON ADR 1,935 1,935
    69 KONINKLIJKE AHOLD-SP ADR 1,948 1,948
    149 DANONE-SPONS ADR 1,952 1,952
    32 ROBERT HALF INTL INC 1,999 1,999
    21 ATMOS ENERGY CORP 2,004 2,004
    27 RIO TINTO PLC-SPON ADR 2,031 2,031
    12 HUNTINGTON INGALLS INDUSTRIE 2,046 2,046
    59 ROYAL DUTCH SHELL-SPON ADR-A 2,073 2,073
    73 FOX CORP - CLASS A 2,126 2,126
    25 FEDERAL REALTY INVS TRUST 2,128 2,128
    91 INTERPUBLIC GROUP OF COS INC 2,140 2,140
    82 DISCOVERY INC-C 2,148 2,148
    50 UNITED AIRLINES HOLDINGS INC 2,163 2,163
    58 NRG ENERGY INC 2,178 2,178
    13 SNAP-ON INC 2,225 2,225
    58 APARTMENT INCOME REIT CO 2,228 2,228
    105 NEWELL BRANDS INC 2,229 2,229
    39 ITOCHU CORP-UNSPONSORED ADR 2,252 2,252
    222 ENEL SPA - UNSPON ADR 2,253 2,253
    77 IRON MOUNTAIN INC 2,270 2,270
    42 KONINKLIJKE PHILIPS NVR- NY 2,275 2,275
    50 SEALED AIR CORP 2,290 2,290
    24 RAYMOND JAMES FINANCIAL INC 2,296 2,296
    74 TAPESTRY INC 2,300 2,300
    42 SMITH (A.O.) CORP 2,302 2,302
    55 TOTAL SE-SPON ADR 2,305 2,305
    53 WESTROCK CO 2,307 2,307
    45 PENTAIR PLC 2,389 2,389
    59 GENMAB A/S -SP ADR 2,399 2,399
    53 REGENCY CENTERS CORP 2,416 2,416
    37 BHP GROUP LTD-SPON ADR 2,418 2,418
    32 LOREAL-UNSPONSORED ADR 2,437 2,437
    95 HSBC HOLDINGS PLC-SPONS ADR 2,461 2,461
    19 HOYA CORP-SPONSORED ADR 2,637 2,637
    15 F5 NETWORKS INC 2,639 2,639
    58 INGERSOLL RAND INC 2,642 2,642
    47 IBERDROLA SA-SPONSORED ADR 2,703 2,703
    119 NISOURCE INC 2,730 2,730
    126 WESTERN UNION CO 2,764 2,764
    30 CBOE GLOBAL MARKETS INC 2,794 2,794
    74 SOFTBANK GROUP CORP-UNSP ADR 2,861 2,861
    134 CENTERPOINT ENERGY INC 2,900 2,900
    29 EASTMAN CHEMICAL CO 2,908 2,908
    140 NORTONLIFELOCK INC 2,909 2,909
    46 COMMONWEALTH BK AUS-SP ADR 2,918 2,918
    200 HOST HOTELS & RESORTS INC 2,926 2,926
    29 SONY CORP-SPONSORED ADR 2,932 2,932
    61 AIA GROUP LTD-SP ADR 2,997 2,997
    22 PACKAGING CORP OF AMERICA 3,034 3,034
    26 DAVITA INC 3,052 3,052
    39 LAMB WESTON HOLDINGS INC 3,071 3,071
    27 ALLEGION PLC 3,142 3,142
    29 INTL FLAVORS & FRAGRANCES 3,156 3,156
    57 EVERGY INC 3,164 3,164
    34 HASBRO INC 3,180 3,180
    61 DENTSPLY SIRONA INC 3,194 3,194
    11 ARISTA NETWORKS INC 3,196 3,196
    330 CENTURYLINK INC 3,218 3,218
    255 HUNTINGTON BANCSHARES INC 3,221 3,221
    65 PRINCIPAL FINANCIAL GROUP 3,225 3,225
    52 OMNICOM GROUP 3,243 3,243
    14 UNITED RENTALS INC 3,247 3,247
    18 WHIRLPOOL CORP 3,249 3,249
    114 HOWMET AEROSPACE INC 3,254 3,254
    25 SAP SE-SPONSORED ADR 3,260 3,260
    44 ROYAL CARIBBEAN GROUP 3,286 3,286
    94 LKQ CORP 3,313 3,313
    65 ALLIANT ENERGY CORP 3,349 3,349
    46 WABTEC CORP 3,367 3,367
    80 ZURICH INSURANCE GROUP-ADR 3,378 3,378
    112 HEALTHPEAK PROPERTIES INC 3,386 3,386
    28 MID-AMERICA APARTMENT COMM 3,547 3,547
    27 TIFFANY & CO 3,549 3,549
    36 GENUINE PARTS CO 3,615 3,615
    42 CINCINNATI FINANCIAL CORP 3,670 3,670
    35 LEIDOS HOLDINGS INC 3,679 3,679
    27 HUNT (JB) TRANSPRT SVCS INC 3,690 3,690
    229 REGIONS FINANCIAL CORP 3,691 3,691
    23 JACK HENRY & ASSOCIATES INC 3,726 3,726
    60 SEAGATE TECHNOLOGY 3,730 3,730
    30 LVMH MOET HENNESSY-UNSP ADR 3,742 3,742
    34 CSL LTD-SPONSORED ADR 3,745 3,745
    71 NUCOR CORP 3,776 3,776
    33 JM SMUCKER CO/THE 3,815 3,815
    58 NETAPP INC 3,842 3,842
    73 QIAGEN NV 3,858 3,858
    64 UNILEVER PLC-SPONSORED ADR 3,863 3,863
    41 BOSTON PROPERTIES INC 3,876 3,876
    8 ASML HOLDING NV-NY REG SHS 3,902 3,902
    30 CITRIX SYSTEMS INC 3,903 3,903
    34 EXTRA SPACE STORAGE INC 3,939 3,939
    42 C.H. ROBINSON WORLDWIDE INC 3,943 3,943
    14 MARTIN MARIETTA MATERIALS 3,976 3,976
    20 IDEX CORP 3,984 3,984
    104 UDR INC 3,997 3,997
    76 HESS CORP 4,012 4,012
    213 ULTA BEAUTY INC 4,020 4,020
    102 DUKE REALTY CORP 4,077 4,077
    10 TELEFLEX INC 4,116 4,116
    28 ALBEMARLE CORP 4,131 4,131
    176 AES CORP 4,136 4,136
    27 TOYOTA MOTOR CORP -SPON ADR 4,173 4,173
    40 AKAMAI TECHNOLOGIES INC 4,200 4,200
    24 VARIAN MEDICAL SYSTEMS INC 4,200 4,200
    355 HEWLETT PACKARD ENTERPRISE 4,207 4,207
    11 DOMINO'S PIZZA INC 4,218 4,218
    203 BAKER HUGHES CO 4,233 4,233
    117 CONAGRA BRANDS INC 4,242 4,242
    32 NASDAQ INC 4,248 4,248
    18 ESSEX PROPERTY TRUST INC 4,274 4,274
    34 M & T BANK CORP 4,328 4,328
    45 REPUBLIC SERVICES INC 4,334 4,334
    113 ONEOK INC 4,337 4,337
    88 INTERNATIONAL PAPER CO 4,375 4,375
    37 GARMIN LTD 4,427 4,427
    29 BROADRIDGE FINANCIAL SOLUTIO 4,443 4,443
    25 ALEXANDRIA REAL ESTATE EQUIT 4,456 4,456
    81 WESTERN DIGITAL CORP 4,487 4,487
    11 WW GRAINGER INC 4,492 4,492
    14 ABIOMED INC 4,539 4,539
    277 KEYCORP 4,546 4,546
    68 HENRY SCHEIN INC 4,546 4,546
    71 LONZA GROUP AG-UNSPON ADR 4,550 4,550
    40 PIONEER NATURAL RESOURCES CO 4,556 4,556
    33 TRACTOR SUPPLY COMPANY 4,639 4,639
    95 HARTFORD FINANCIAL SVCS GRP 4,653 4,653
    250 HALLIBURTON CO 4,725 4,725
    4 AUTOZONE INC 4,742 4,742
    36 EXPEDIA GROUP INC 4,766 4,766
    51 EXPEDITORS INTL WASH INC 4,851 4,851
    34 PERKINELMER INC 4,879 4,879
    33 FORTINET INC 4,901 4,901
    100 VENTAS INC 4,904 4,904
    18 FLEETCOR TECHNOLOGIES INC 4,911 4,911
    20 WATERS CORP 4,948 4,948
    8 TRANSDIGM GROUP INC 4,951 4,951
    68 HOLOGIC INC 4,952 4,952
    162 FIRSTENERGY CORP 4,959 4,959
    42 QUEST DIAGNOSTICS INC 5,005 5,005
    54 NORTHERN TRUST CORP 5,030 5,030
    18 WEST PHARMACEUTICAL SERVICES 5,100 5,100
    27 STERIS PLC 5,118 5,118
    84 CMS ENERGY CORP 5,125 5,125
    39 CDW CORP/DE 5,140 5,140
    189 FIFTH THIRD BANCORP 5,211 5,211
    60 INCYTE CORP 5,219 5,219
    141 VIACOMCBS INC 5,254 5,254
    27 OLD DOMINION FREIGHT LINE 5,270 5,270
    26 LABORATORY CRP OF AMER HLDGS 5,292 5,292
    75 FORTIVE CORP 5,312 5,312
    114 SOUTHWEST AIRLINES CO 5,314 5,314
    41 CELANESE CORP 5,328 5,328
    35 AMERICAN WATER WORKS CO INC 5,371 5,371
    14 ZEBRA TECHNOLOGIES CORP-CL A 5,381 5,381
    70 AMEREN CORPORATION 5,464 5,464
    43 COPART INC 5,472 5,472
    100 MASCO CORP 5,493 5,493
    222 FRANKLIN RESOURCES INC 5,548 5,548
    160 SYNCHRONY FINANCIAL 5,554 5,554
    44 DOVER CORP 5,555 5,555
    32 ETSY INC 5,693 5,693
    10 MARKETAXESS HOLDINGS INC 5,706 5,706
    47 DTE ENERGY COMPANY 5,706 5,706
    91 EDISON INTERNATIONAL 5,717 5,717
    33 MCKESSON CORP 5,739 5,739
    30 EQUIFAX INC 5,785 5,785
    28 TAKE-TWO INTERACTIVE SOFTWRE 5,818 5,818
    496 AMCOR PLC 5,838 5,838
    59 BEST BUY CO INC 5,888 5,888
    45 KEYSIGHT TECHNOLOGIES IN 5,944 5,944
    65 LYONDELLBASELL INDU-CL A 5,958 5,958
    101 EQUITY RESIDENTIAL 5,987 5,987
    14 ROPER TECHNOLOGIES INC 6,035 6,035
    60 XYLEM INC 6,107 6,107
    354 OCCIDENTAL PETROLEUM CORP 6,128 6,128
    218 PPL CORP 6,148 6,148
    17 ANSYS INC 6,185 6,185
    62 ENTERGY CORP 6,190 6,190
    90 DR HORTON INC 6,203 6,203
    39 AVALONBAY COMMUNITIES INC 6,257 6,257
    72 MAXIM INTEGRATED PRODUCTS 6,383 6,383
    33 AMERIPRISE FINANCIAL INC 6,413 6,413
    42 SKYWORKS SOLUTIONS INC 6,421 6,421
    166 CORTEVA INC 6,428 6,428
    68 MCCORMICK & CO-NON VTG SHRS 6,501 6,501
    195 WEYERHAEUSER CO 6,538 6,538
    206 KROGER CO 6,543 6,543
    37 STANLEY BLACK & DECKER INC 6,607 6,607
    39 MOTOROLA SOLUTIONS INC 6,632 6,632
    51 APTIV PLC 6,645 6,645
    162 MARATHON PETROLEUM CORP 6,700 6,700
    75 DISCOVER FINANCIAL SERVICES 6,790 6,790
    55 ARTHUR J GALLAGHER & CO 6,804 6,804
    63 DOLLAR TREE INC 6,807 6,807
    95 CONSOLIDATED EDISON INC 6,866 6,866
    111 REALTY INCOME CORP 6,901 6,901
    50 MICROCHIP TECHNOLOGY INC 6,906 6,906
    5 CHIPOTLE MEXICAN GRILL INC 6,934 6,934
    108 WELLTOWER INC 6,979 6,979
    58 AMETEK INC 7,015 7,015
    196 CORNING INC 7,056 7,056
    140 ARCHER-DANIELS-MIDLAND CO 7,057 7,057
    146 FASTENAL CO 7,129 7,129
    182 WALGREENS BOOTS ALLIANCE INC 7,258 7,258
    29 ROCKWELL AUTOMATION INC 7,273 7,273
    101 STATE STREET CORP 7,351 7,351
    21 CINTAS CORP 7,423 7,423
    116 TYSON FOODS INC-CL A 7,475 7,475
    29 SYNOPSYS INC 7,518 7,518
    552 KINDER MORGAN INC 7,546 7,546
    56 CADENCE DESIGN SYS INC 7,640 7,640
    90 VF CORP 7,687 7,687
    52 VULCAN MATERIALS CO 7,712 7,712
    115 OTIS WORLDWIDE CORPORATION 7,768 7,768
    156 EOG RESOURCES INC 7,780 7,780
    206 AMERICAN INTERNATIONAL GROUP 7,799 7,799
    37 RESMED INC 7,865 7,865
    101 PRUDENTIAL FINANCIAL INC 7,885 7,885
    28 SBA COMMUNICATIONS CORP 7,900 7,900
    364 SCHLUMBERGER LTD 7,946 7,946
    22 COOPER COS INC/THE 7,993 7,993
    16 IDEXX LABORATORIES INC 7,998 7,998
    38 WILLIS TOWERS WATSON PLC 8,006 8,006
    86 BALL CORP 8,013 8,013
    36 CUMMINS INC 8,176 8,176
    95 EVERSOURCE ENERGY 8,218 8,218
    186 AFLAC INC 8,271 8,271
    142 PUBLIC SERVICE ENTERPRISE GP 8,279 8,279
    139 LAS VEGAS SANDS CORP 8,284 8,284
    40 VERISK ANALYTICS INC 8,304 8,304
    385 CARNIVAL CORP 8,339 8,339
    324 FREEPORT-MCMORAN COPPER & GOLD INC. 8,430 8,430
    60 XILINX INC 8,506 8,506
    16 ALIGN TECHNOLOGY INC 8,550 8,550
    123 PHILLIPS 66 8,603 8,603
    93 PAYCHEX INC 8,666 8,666
    230 CARRIER GLOBAL CORPORATION 8,676 8,676
    78 HILTON WORLDWIDE HOLDINGS IN 8,678 8,678
    101 PACCAR INC 8,714 8,714
    57 ZIMMER BIOMET HOLDINGS INC 8,783 8,783
    1001 FORD MOTOR CO 8,799 8,799
    65 UNIVERSAL HEALTH SERVICES-B 8,938 8,938
    82 ALLSTATE CORP 9,014 9,014
    20 O'REILLY AUTOMOTIVE INC 9,051 9,051
    42 ECOLAB INC 9,087 9,087
    51 IQVIA HOLDINGS INC 9,138 9,138
    189 CAMPBELL SOUP CO 9,138 9,138
    141 XCEL ENERGY INC 9,400 9,400
    67 TRAVELERS COS INC/THE 9,405 9,405
    158 CENTENE CORP 9,485 9,485
    204 HORMEL FOODS CORP 9,508 9,508
    66 TRANE TECHNOLOGIES PLC 9,581 9,581
    228 EXELON CORP 9,626 9,626
    51 L3HARRIS TECHNOLOGIES INC 9,640 9,640
    181 CARDINAL HEALTH INC 9,694 9,694
    209 JOHNSON CONTROLS INTERNATIONAL PLC 9,737 9,737
    109 IHS MARKIT LTD 9,791 9,791
    22 MSCI INC 9,824 9,824
    65 T ROWE PRICE GROUP INC 9,840 9,840
    285 KRAFT HEINZ CO/THE 9,878 9,878
    75 MARRIOTT INTERNATIONAL -CL A 9,894 9,894
    71 DIGITAL REALTY TRUST INC 9,905 9,905
    495 WILLIAMS COS INC 9,925 9,925
    27 DEXCOM INC 9,982 9,982
    68 GENERAL DYNAMICS CORP 10,120 10,120
    240 BANK OF NEW YORK MELLON CORP 10,186 10,186
    67 HERSHEY CO/THE 10,206 10,206
    138 SYSCO CORP 10,248 10,248
    105 AMERISOURCEBERGEN CORP 10,265 10,265
    185 DOW INC 10,268 10,268
    81 SEMPRA ENERGY 10,320 10,320
    38 PARKER HANNIFIN CORP 10,352 10,352
    183 VALERO ENERGY CORP 10,352 10,352
    40 KLA CORPORATION COM NEW 10,356 10,356
    40 FEDEX CORP 10,385 10,385
    89 NESTLE SA-SPONS ADR 10,484 10,484
    134 CERNER CORP 10,516 10,516
    86 ROSS STORES INC 10,562 10,562
    123 CHURCH & DWIGHT CO INC 10,729 10,729
    89 TE CONNECTIVITY LTD 10,775 10,775
    70 AVERY DENNISON CORP 10,858 10,858
    279 CONOCOPHILLIPS 11,157 11,157
    79 ELECTRONIC ARTS INC 11,344 11,344
    79 PPG INDUSTRIES INC 11,393 11,393
    105 YUM] BRANDS INC 11,399 11,399
    137 AMERICAN ELECTRIC POWER 11,408 11,408
    72 HCA HEALTHCARE INC 11,841 11,841
    145 COGNIZANT TECH SOLUTIONS-A 11,883 11,883
    40 NORTHROP GRUMMAN CORP 12,189 12,189
    102 EATON CORP PLC 12,254 12,254
    11 METTLER-TOLEDO INTERNATIONAL 12,536 12,536
    128 CAPITAL ONE FINANCIAL CORP 12,653 12,653
    63 CLOROX COMPANY 12,721 12,721
    240 TWITTER INC 12,996 12,996
    533 HP INC 13,106 13,106
    157 SIMON PROPERTY GROUP INC 13,389 13,389
    168 EMERSON ELECTRIC CO 13,502 13,502
    64 AON PLC-CLASS A 13,521 13,521
    270 EBAY INC 13,568 13,568
    92 ANALOG DEVICES INC 13,591 13,591
    47 MOODY'S CORP 13,641 13,641
    65 GLOBAL PAYMENTS INC 14,002 14,002
    353 DELTA AIR LINES INC 14,194 14,194
    91 ALEXION PHARMACEUTICALS INC 14,218 14,218
    59 BIOGEN INC 14,447 14,447
    242 NEWMONT CORP 14,493 14,493
    36 HUMANA INC 14,770 14,770
    209 DUPONT DE NEMOURS INC-WI 14,862 14,862
    357 GENERAL MOTORS CO 14,865 14,865
    111 T-MOBILE US INC 14,968 14,968
    31 REGENERON PHARMACEUTICALS 14,976 14,976
    242 KELLOGG CO 15,060 15,060
    131 MARSH & MCLENNAN COS 15,327 15,327
    428 BOSTON SCIENTIFIC CORP 15,387 15,387
    300 SCHWAB (CHARLES) CORP 15,912 15,912
    141 FISERV INC 16,054 16,054
    59 AIR PRODUCTS & CHEMICALS INC 16,120 16,120
    53 AUTODESK INC 16,183 16,183
    69 NORFOLK SOUTHERN CORP 16,395 16,395
    23 EQUINIX INC 16,426 16,426
    73 PUBLIC STORAGE 16,858 16,858
    23 SHERWIN-WILLIAMS CO/THE 16,903 16,903
    185 WEC ENERGY GROUP INC 17,026 17,026
    107 CROWN CASTLE INTL CORP 17,033 17,033
    148 INTERCONTINENTAL EXCHANGE IN 17,063 17,063
    83 DOLLAR GENERAL CORP 17,455 17,455
    303 GENERAL MILLS INC 17,816 17,816
    67 ESTEE LAUDER COMPANIES-CL A 17,835 17,835
    374 TRUIST FINANCIAL CORP 17,926 17,926
    389 US BANCORP 18,124 18,124
    201 CSX CORP 18,241 18,241
    394 METLIFE INC 18,498 18,498
    50 ILLUMINA INC 18,500 18,500
    125 PNC FINANCIAL SERVICES GROUP 18,625 18,625
    201 ACTIVISION BLIZZARD INC 18,663 18,663
    251 MICRON TECHNOLOGY INC 18,870 18,870
    193 PROGRESSIVE CORP 19,084 19,084
    147 AMPHENOL CORP-CL A 19,223 19,223
    197 PROLOGIS INC 19,633 19,633
    216 EDWARDS LIFESCIENCES CORP 19,706 19,706
    129 CHUBB LTD 19,856 19,856
    175 AGILENT TECHNOLOGIES INC 20,736 20,736
    103 CIGNA CORP 21,443 21,443
    181 AMERICAN EXPRESS CO 21,885 21,885
    82 DEERE & CO 22,062 22,062
    324 TJX COMPANIES INC 22,126 22,126
    297 DOMINION ENERGY INC 22,334 22,334
    70 ANTHEM INC 22,476 22,476
    91 BECTON DICKINSON AND CO 22,770 22,770
    126 CME GROUP INC 22,938 22,938
    196 WASTE MANAGEMENT INC 23,114 23,114
    88 GOLDMAN SACHS GROUP INC 23,206 23,206
    165 FIDELITY NATIONAL INFO SERV 23,341 23,341
    62 INTUIT INC 23,551 23,551
    74 S&P GLOBAL INC 24,326 24,326
    357 MORGAN STANLEY 24,465 24,465
    11 BOOKING HOLDINGS INC 24,500 24,500
    182 KIMBERLY-CLARK CORP 24,539 24,539
    53 LAM RESEARCH CORP 25,030 25,030
    106 VERTEX PHARMACEUTICALS INC 25,052 25,052
    296 APPLIED MATERIALS INC 25,545 25,545
    114 AMERICAN TOWER CORP 25,588 25,588
    40 CHARTER COMMUNICATIONS INC-A 26,462 26,462
    2472 GENERAL ELECTRIC CO 26,698 26,698
    153 AUTOMATIC DATA PROCESSING 26,959 26,959
    294 ADVANCED MICRO DEVICES 26,963 26,963
    76 LOCKHEED MARTIN CORP 26,978 26,978
    295 DUKE ENERGY CORP 27,010 27,010
    903 WELLS FARGO & CO 27,253 27,253
    151 CATERPILLAR INC 27,485 27,485
    165 TARGET CORP 29,127 29,127
    36 INTUITIVE SURGICAL INC 29,452 29,452
    41 BLACKROCK INC 29,583 29,583
    487 SOUTHERN CO/THE 29,916 29,916
    123 STRYKER CORP 30,140 30,140
    55 SERVICENOW INC 30,274 30,274
    523 GILEAD SCIENCES INC 30,470 30,470
    435 RAYTHEON TECHNOLOGIES CORP 31,107 31,107
    147 BOEING CO/THE 31,467 31,467
    192 UNITED PARCEL SERVICE-CL B 32,333 32,333
    203 LOWE'S COS INC 32,584 32,584
    386 COLGATE-PALMOLIVE CO 33,007 33,007
    518 ORACLE CORP 33,509 33,509
    493 CVS HEALTH CORP 33,672 33,672
    167 ILLINOIS TOOL WORKS 34,048 34,048
    591 MONDELEZ INTERNATIONAL INC-A 34,556 34,556
    275 INTL BUSINESS MACHINES CORP 34,617 34,617
    338 STARBUCKS CORP 36,159 36,159
    592 CITIGROUP INC 36,503 36,503
    139 LINDE PLC 36,628 36,628
    211 3M CO 36,881 36,881
    231 TEXAS INSTRUMENTS INC 37,914 37,914
    190 HONEYWELL INTERNATIONAL INC 40,413 40,413
    539 NEXTERA ENERGY INC 41,584 41,584
    213 UNION PACIFIC CORP 44,351 44,351
    539 CHEVRON CORP 45,519 45,519
    45,000 BK OF NY MELLON CORP SR NTS MTN VAR RT 05/16/2023 DTD 46,374 46,374
    107 BROADCOM INC 46,850 46,850
    207 AMGEN INC 47,593 47,593
    348 NIKE INC -CL B 49,232 49,232
    327 QUALCOMM INC 49,815 49,815
    191 ACCENTURE PLC-CL A 49,891 49,891
    137 COSTCO WHOLESALE CORP 51,619 51,619
    235 DANAHER CORP 52,203 52,203
    654 BAXTER INTERNATIONAL INC 52,477 52,477
    1253 CISCO SYSTEMS INC 56,072 56,072
    114 THERMO FISHER SCIENTIFIC INC 53,099 53,099
    253 MCDONALD'S CORP 54,289 54,289
    1339 EXXON MOBIL CORP 55,194 55,194
    481 MEDTRONIC PLC 56,344 56,344
    404 WALMART INC 58,237 58,237
    262 SALESFORCE.COM INC 58,303 58,303
    1952 BANK OF AMERICA CORP 59,165 59,165
    1200 INTEL CORP 59,784 59,784
    121 ADOBE INC 60,515 60,515
    572 ABBVIE INC 61,290 61,290
    2283 AT&T INC 65,659 65,659
    122 NETFLIX INC 65,969 65,969
    1384 COMCAST CORP-CLASS A 72,522 72,522
    311 PAYPAL HOLDINGS INC 72,836 72,836
    1301 VERIZON COMMUNICATIONS INC 76,434 76,434
    298 HOME DEPOT INC 79,155 79,155
    160 NVIDIA CORP 83,552 83,552
    246 MASTERCARD INC - A 87,807 87,807
    265 UNITEDHEALTH GROUP INC 92,930 92,930
    854 ABBOTT LABORATORIES 93,504 93,504
    533 WALT DISNEY CO/THE 96,569 96,569
    481 VISA INC-CLASS A SHARES 105,209 105,209
    788 PROCTER & GAMBLE CO/THE 109,642 109,642
    888 JPMORGAN CHASE & CO 112,838 112,838
    583 BERKSHIRE HATHAWAY INC-CL B 135,180 135,180
    197 TESLA INC 139,017 139,017
    82 ALPHABET INC-CL C 143,654 143,654
    83 ALPHABET INC-CL A 145,469 145,469
    633 FACEBOOK INC-CLASS A 172,910 172,910
    17786.96 PIMCO INCOME FD-INS 215,400 215,400
    23,271.43 SIX CIRCLES ULTR SHRT DUR 233,412 233,412
    4,452 VANGUARD MORTGAGE-BACKED SEC 240,720 240,720
    10,073 JPMORGAN BETABUILDERS EUROPE - ETF 263,107 263,107
    10,694 JPM BTABLDRS DEV ASIA X-JPN 289,380 289,380
    115 AMAZON.COM INC 374,547 374,547
    1874 MICROSOFT CORP 416,815 416,815
    49,704.75 SIX CIRCLES CREDIT OPPORT 511,462 511,462
    19,151 JPMORGAN BETABUILDERS CANADA - ETF 513,821 513,821
    8,958 ISHARES CORE MSCI EMERGING 555,754 555,754
    4343 APPLE INC 576,273 576,273
    4,263 ISHARES 20+ YEAR TREASURY BO 672,403 672,403
    29,630 JPMORGAN BETABUILDERS JAPAN - ETF 829,640 829,640
    135,845.73 BLCKRCK HI YLD BND PORT-K 1,059,597 1,059,597
    157,695.319 SIX CIRCLES INTL UNCON EQ 1,573,799 1,573,799
    33,747 VANGUARD TOTAL INTL BOND ETF 1,975,887 1,975,887
    155,878.913 SIX CIRCLES US UNCONSTR EQ 2,095,013 2,095,013
    106670.57 VANGUARD TOTAL INTL BND-ADM 2,495,025 2,495,025

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VINTAGE 2020 PRIVATE INVESTMENTS FMV 12,696 12,696

    TY 2020 OtherAssetsSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 42,340 39,719 39,719


    TY 2020 OtherExpensesSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 3,657 0   3,657
    MEMBERSHIPS, BOOKS, SUBSCRIPTIONS, REFERENCE 4,950 0   4,950
    TECHNOLOGY 17,203 0   17,203
    OFFICE EXPENSES 6,075 0   6,075
    MISCELLANEOUS 982 0   982


    TY 2020 OtherIncomeSchedule2
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS REVENUE 257   257


    TY 2020 OtherIncreasesSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Description Amount
    UNREALIZED GAIN 1,033,911


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACT SERVICES 15,000 0   15,000
    INVESTMENT MANAGEMENT FEES 124,176 124,176   0
    PAYROLL PROCESSING FEES 7,935 0   7,935


    TY 2020 TaxesSchedule
    Name:
    ARLENE AND MICHAEL ROSEN FOUNDATION
    EIN:
    47-3040686
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRS TAXES 39,000 0   0
    FOREIGN TAX WITHHELD 3,736 3,736   0
    FILING FEES 10 0   0