| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTANT FEES | 1,465 | 732 | 733 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BBH LIMITED DURATION FUND | 143,756 | 145,094 |
| BBH INCOME FUND-1 | 161,490 | 173,212 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMAZON.COM - 5 SHS. | 15,712 | 16,285 |
| BROWN-FORMAN CORP - CLASS B - 168 SHS. | 7,866 | 13,344 |
| BOOKING HOLDINGS INC. - 4 SHS. | 7,308 | 8,909 |
| DOLLAR GENERAL CORP. - 46 SHS. | 4,635 | 9,674 |
| NIKE INC. - 105 SHS. | 8,525 | 14,854 |
| STARBUCKS CORP. - 89 SHS. | 8,129 | 9,521 |
| COLGATE PALMOLIVE - 135 SHS. | 8,628 | 11,544 |
| COSTCO WHOLESALE CORP. - 23 SHS. | 4,931 | 8,666 |
| DIAGEO PLC - 83 SHS. | 6,329 | 13,181 |
| NESTLE S A SPONS ADR - 70 SHS. | 3,794 | 8,246 |
| BERSKHIRE HATHAWAY INC. - CL B - 123 SHS. | 8,679 | 28,520 |
| ARTHUR J. GALLAGHER & CO. - 170 SHS. | 15,553 | 21,031 |
| PROGRESSIVE CORP. OHIO - 120 SHS. | 8,895 | 11,866 |
| BAXTER INTL. INC. - 135 SHS. | 10,327 | 10,833 |
| HENRY SCHEIN INC. - 200 SHS. | 9,563 | 13,372 |
| THERMO FISHER SCIENTIFIC INC. - 15 SHS. | 6,535 | 6,987 |
| ZOETIS INC. - 133 SHS. | 3,873 | 22,012 |
| PERRIGO CO. PLC - 163 SHS. | 15,844 | 7,289 |
| ALCON INC. - 276 SHS. | 13,960 | 18,211 |
| COPART INC. - 160 SHS. | 8,074 | 20,360 |
| GRACO INC. - 55 SHS. | 3,799 | 3,979 |
| AO SMITH CORP. - 205 SHS. | 9,179 | 11,238 |
| WASTE MANAGEMENT INC. - 68 SHS. | 2,785 | 8,019 |
| ALLEGION PLC - 95 SHS. | 7,853 | 11,056 |
| FLEETCOR TECHNOLOGIES INC. - 60 SHS. | 7,593 | 16,370 |
| KLA CORPORATION - 43 SHS. | 4,295 | 11,133 |
| MASTERCARD INCORPORATED - 62 SHS. | 16,142 | 22,130 |
| ORACLE CORP. - 240 SHS. | 9,255 | 15,526 |
| VISA INC. - 39 SHS. | 7,548 | 8,530 |
| CELANESE CORP. - 90 SHS. | 3,511 | 11,695 |
| LINDE PLC - 73 SHS. | 12,494 | 19,236 |
| ALPHABET INC. - 17 SHS. | 4,861 | 29,782 |
| COMCAST CORP. - 250 SHS. | 2,657 | 13,100 |
| CLARKSTON SERIES TRUST CLARKSTON PARTNERS FUND FOUNDERS CL | 50,000 | 71,440 |
| BBH PARTNER FUND - INTERNATIONAL EQUITY | 137,516 | 200,800 |
| GQG PART EMERGING MARKETS EQ-INST. | 41,300 | 59,820 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCES | 228 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKERAGE FEES | 4,805 | 4,805 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 520 | 520 | 0 | |
| 2019 990PF TAX DUE | 174 | 0 | 0 | |
| 2020 ESTIMATES PAID | 960 | 0 | 0 |