| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 4,975 | 0 | 4,975 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF AMER CORP NTS | 82,888 | 87,713 |
| GOLDMAN SACHS GROUP INC | 82,429 | 88,284 |
| CITIGROUP INC NTS B/E | 91,638 | 91,540 |
| MORGAN STANLEY | 85,184 | 86,614 |
| WELLS FARGO & CO NTS B/E | 91,443 | 91,422 |
| BROADCOM CRP / CAYMN FI | 86,006 | 86,469 |
| JPMORGAN CHASE & CO NTS | 169,267 | 182,209 |
| WELLS FARGO & CO NTS B/E | 85,000 | 87,370 |
| BANK OF AMER CORP | 80,061 | 87,103 |
| CHENIERE CORP CHRISTI HD | 87,322 | 93,102 |
| CHARTER COMM OPT LLC/CAP | 86,824 | 87,109 |
| HOLLYFRONTIER CORP B/E | 171,331 | 189,839 |
| MYLAN NV NTS B/E | 82,124 | 85,810 |
| BOOKING HLDGS INC NTS | 166,111 | 190,298 |
| ENERGY TRANSFER OPERATNG | 88,065 | 94,160 |
| AT&T INC B/E | 157,718 | 178,899 |
| ISHARES PFD & INCOME SECURITIES ETF | 16,980 | 16,675 |
| CHICKEN SOUP FOR THE SOUL ENT CUML SER A 9.750% PREFERRED | 3,300 | 3,235 |
| FARMLAND PARTNERS INC CUML SER B PFD RT 6.00 CLBL PV- 25 FXD TO FLOAT | 4,895 | 5,195 |
| FORTRESS BIOTECH INC 9.375% CUML SER A 9.375% PREFERRED | 6,352 | 6,360 |
| MEDALLION BANK UT 8% NCUM PFD SER F 8.000% PREFERRED | 4,516 | 4,076 |
| NEW YORK MORTGAGE TRUST INC CUML 7.875% PREFERRED | 4,368 | 3,873 |
| ONTRAK INC 9.5% SER A PFD CUML SER A 9.500% PREFERRED | 6,747 | 6,476 |
| TRITON INTL LTD/BER CUML 8.000% PREFERRED | 4,516 | 4,810 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABS | 6,261 | 20,694 |
| ABBVIE INC COM | 7,096 | 17,573 |
| ACCENTURE PLC IRELAND CL A | 9,193 | 10,971 |
| ACTIVISION BLIZZARD INC | 1,931 | 3,250 |
| ADOBE INC. (DELAWARE) | 4,489 | 14,003 |
| ADVANCE AUTO PARTS INC | 1,015 | 1,103 |
| ADVANCED MICRO DEVICES INC | 2,328 | 12,839 |
| AGILENT TECHNOLOGIES INC | 2,554 | 3,910 |
| AIR PROD & CHEMICAL INC | 1,912 | 5,464 |
| ALLEGION PLC | 2,572 | 6,750 |
| ALLIANT ENERGY CORP | 1,555 | 1,700 |
| ALLSTATE CORP | 4,301 | 5,606 |
| ALPHABET INC CL A | 8,511 | 33,300 |
| ALPHABET INC CL C | 10,450 | 38,541 |
| AMAZON.COM INC | 4,946 | 74,909 |
| AMCOR PLC | 2,389 | 3,578 |
| AMER ELECTRIC POWER CO | 2,727 | 4,830 |
| AMERICAN TOWER CORP REIT | 3,845 | 12,345 |
| AMERIPRISE FINANCIAL INC | 1,267 | 4,858 |
| AMETEK INC (NEW) | 1,811 | 2,298 |
| AMGEN INC | 7,290 | 9,427 |
| ANALOG DEVICES INC | 3,926 | 6,205 |
| APPLE INC | 14,692 | 122,606 |
| APPLIED MATERIALS INC | 4,722 | 21,316 |
| AT&T INC | 4,197 | 4,515 |
| AUTOMATIC DATA PROCESSNG INC | 3,044 | 5,286 |
| AUTOZONE INC | 2,147 | 4,742 |
| BANK OF AMER CORP | 6,976 | 7,699 |
| BECTON DICKINSON & CO | 6,556 | 13,262 |
| BERKSHIRE HATHAWAY INC NEW CL B | 13,202 | 26,665 |
| BLACKROCK INC | 4,917 | 9,380 |
| BOEING COMPANY | 6,458 | 10,703 |
| BOOKING HLDGS INC | 2,105 | 2,227 |
| BROADCOM INC | 7,041 | 11,384 |
| CABOT OIL & GAS CORP | 3,968 | 3,761 |
| CATERPILLAR INC | 3,640 | 6,007 |
| CBRE GROUP INC CL A | 3,960 | 8,781 |
| CHEVRON CORP | 4,667 | 4,560 |
| CHUBB LTD CHF | 1,786 | 4,464 |
| CINTAS CORP | 2,405 | 2,474 |
| CITIGROUP INC | 3,974 | 6,166 |
| CLOROX CO | 2,242 | 6,865 |
| COCA COLA CO COM | 9,818 | 13,107 |
| COMCAST CORP NEW CL A | 5,803 | 16,087 |
| CONCHO RESOURCES INC | 518 | 700 |
| CONOCOPHILLIPS | 6,174 | 7,638 |
| CONS EDISON CO (HOLDING CO) | 2,088 | 2,674 |
| COOPER COMPANIES INC NEW | 3,176 | 4,723 |
| COSTCO WHOLESALE CORP | 5,465 | 7,159 |
| CROWN CASTLE INTL CORP REIT | 2,092 | 3,184 |
| CSX CORPORATION | 3,043 | 3,630 |
| CVS HEALTH CORP | 2,590 | 4,781 |
| DANAHER CORP | 1,776 | 12,218 |
| DEERE AND CO | 2,883 | 5,650 |
| DIGITAL REALTY TRUST INC REIT | 562 | 558 |
| DOLLAR GEN CORP NEW | 1,484 | 4,416 |
| DOLLAR TREE INC | 1,315 | 1,621 |
| DOW INC | 1,830 | 2,498 |
| DUKE ENERGY CORP NEW | 3,699 | 4,670 |
| DUPONT DE NEMOURS INC | 1,890 | 2,773 |
| EASTMAN CHEMICAL CO | 1,023 | 1,504 |
| EATON CORP PLC | 3,106 | 4,806 |
| ECOLAB INC | 2,923 | 5,625 |
| ELECTRONIC ARTS | 1,285 | 4,595 |
| ENTERGY CORP NEW | 1,886 | 1,997 |
| EQUINIX INC REIT | 4,571 | 9,999 |
| EVERSOURCE ENERGY COM | 931 | 3,114 |
| EXELON CORP | 3,053 | 3,589 |
| EXXON MOBIL CORP | 4,370 | 4,864 |
| FACEBOOK INC CL A | 14,766 | 39,608 |
| FIFTH THIRD BANCORP | 1,869 | 2,095 |
| FMC CORP NEW | 1,150 | 2,069 |
| FORTIVE CORP | 969 | 2,408 |
| GARMIN LTD SHS CHF | 1,563 | 1,556 |
| GENL ELECTRIC CO | 5,088 | 5,033 |
| GENL MILLS INC | 1,828 | 2,764 |
| HALLIBURTON CO (HOLDING COMPANY) | 4,103 | 10,622 |
| HASBRO INC | 1,609 | 4,303 |
| HENRY JACK & ASSOC INC | 3,130 | 3,402 |
| HERSHEY CO | 1,838 | 3,047 |
| HOME DEPOT INC | 8,789 | 21,250 |
| HONEYWELL INTL INC | 4,537 | 7,445 |
| HUMANA INC | 2,651 | 15,590 |
| ILLINOIS TOOL WORKS INC | 2,236 | 9,990 |
| INTEL CORP | 10,921 | 17,487 |
| INTERCONTINENTALEXCHANGE GROUP | 4,941 | 7,609 |
| INTUIT | 5,231 | 7,977 |
| INTUITIVE SURGICAL INC NEW | 3,001 | 5,727 |
| IQVIA HLDGS INC | 2,782 | 3,583 |
| JACOBS ENGINEERING GROUP INC | 2,387 | 6,211 |
| JOHNSON & JOHNSON COM | 15,586 | 28,014 |
| JPMORGAN CHASE & CO | 11,012 | 29,861 |
| KANSAS CITY STHN NEW | 1,611 | 2,245 |
| KELLOGG CO | 3,594 | 3,983 |
| KEYSIGHT TECHNOLOGIES INC COM | 2,771 | 6,340 |
| KIMBERLY CLARK CORP | 3,136 | 5,933 |
| KRAFT HEINZ CO/THE | 1,636 | 2,357 |
| LABORATORY CORP AMER HLDGS NEW | 3,541 | 5,699 |
| LILLY ELI & CO | 8,427 | 11,312 |
| LINDE PLC EUR | 7,216 | 11,858 |
| LOCKHEED MARTIN CORP | 1,960 | 8,875 |
| LOEWS CORP | 1,689 | 2,386 |
| LOWES COMPANIES INC | 3,677 | 14,125 |
| LYONDELLBASELL INDUSTRIES N V SHS - A - CL A EUR | 1,934 | 1,925 |
| MARATHON PETROLEUM CO | 407 | 1,324 |
| MARRIOTT INTL INC NEW CL A | 1,367 | 1,979 |
| MARSH & MCLENNAN COS INC | 3,060 | 3,510 |
| MASTERCARD INC CL A | 3,570 | 32,482 |
| MCDONALDS CORP | 5,321 | 14,162 |
| MERCK & CO INC NEW COM | 641 | 654 |
| MICROSOFT CORP | 24,478 | 81,406 |
| MONDELEZ INTL INC | 6,245 | 9,297 |
| MOODYS CORP | 3,254 | 7,546 |
| MORGAN STANLEY | 3,047 | 6,305 |
| MSCI INC | 3,782 | 6,251 |
| NASDAQ INC | 2,730 | 4,646 |
| NETFLIX INC | 5,286 | 8,111 |
| NEXTERA ENERGY INC COM | 4,857 | 12,035 |
| NIKE INC CL B | 4,987 | 12,166 |
| NISOURCE INC | 1,896 | 2,546 |
| NORFOLK STHN CORP | 4,653 | 12,831 |
| NVIDIA CORP | 5,733 | 19,321 |
| O REILLY AUTOMOTIVE INC | 1,481 | 3,621 |
| ORACLE CORP | 7,765 | 15,590 |
| OTIS WORLDWIDE CORP | 1,826 | 2,770 |
| PAYPAL HOLDINGS INC | 9,011 | 16,160 |
| PEPSICO INC | 3,401 | 4,301 |
| PFIZER INC | 12,438 | 16,859 |
| PHILIP MORRIS INTL INC | 3,571 | 5,878 |
| PHILLIPS 66 | 697 | 1,888 |
| PIONEER NAT RES CO | 605 | 797 |
| PNC FINANCIAL SERVICES GROUP | 2,639 | 4,023 |
| PPG INDUSTRIES INC | 543 | 2,596 |
| PRICE T ROWE GROUP INC | 3,559 | 6,056 |
| PROCTER & GAMBLE CO | 13,858 | 25,602 |
| PROLOGIS INC COM | 1,994 | 3,388 |
| PRUDENTIAL FINANCIAL INC | 4,349 | 6,089 |
| RAYTHEON TECHNOLOGIES CORP | 3,682 | 9,082 |
| ROLLINS INC | 1,402 | 1,563 |
| ROSS STORES INC | 1,868 | 8,105 |
| S&P GLOBAL INC | 2,764 | 17,423 |
| SALESFORCE.COM INC | 8,432 | 12,239 |
| SCHLUMBERGER LTD NETHERLANDS ANTILLES | 863 | 1,004 |
| SHERWIN WILLIAMS CO | 1,913 | 3,675 |
| SOUTHERN CO | 3,268 | 4,362 |
| STARBUCKS CORP | 4,862 | 9,414 |
| SYNOPSYS INC | 3,100 | 5,185 |
| TARGET CORP | 2,896 | 3,884 |
| TESLA INC | 18,027 | 19,759 |
| TEXAS INSTRUMENTS | 6,523 | 19,203 |
| THERMO FISHER SCIENTIFIC INC | 5,961 | 13,508 |
| TJX COS INC NEW | 2,376 | 4,644 |
| TRACTOR SUPPLY COMPANY | 1,251 | 1,265 |
| TRANE TECHNOLOGIES PLC | 1,945 | 8,274 |
| TRANSDIGM GROUP INC | 1,592 | 3,094 |
| UNION PACIFIC CORP | 4,876 | 8,745 |
| UNITED PARCEL SERVICE INC CL B | 4,999 | 5,220 |
| UNITEDHEALTH GROUP INC | 8,835 | 23,145 |
| VERIZON COMMUNICATIONS INC | 11,642 | 15,569 |
| VERTEX PHARMACEUTICAL INC | 5,481 | 5,909 |
| VIATRIS INC | 13 | 19 |
| VISA INC CL A | 9,269 | 20,123 |
| VONTIER CORP COM | 79 | 334 |
| WALMART INC | 8,768 | 19,604 |
| WALT DISNEY CO (HOLDING CO) DISNEY COM | 10,047 | 27,358 |
| WASTE MGMT INC NEW | 2,267 | 3,420 |
| WELLTOWER INC REIT | 1,392 | 2,197 |
| WILLIS TOWERS WATSON PUB LTD CO | 3,242 | 4,635 |
| XCEL ENERGY INC | 2,289 | 5,267 |
| XILINX INC | 3,063 | 5,387 |
| ZIMMER BIOMET HOLDINGS INC | 3,764 | 6,164 |
| ABBVIE INC COM | 8,720 | 14,037 |
| ALBEMARLE CORP | 6,034 | 9,589 |
| ALEXANDRIA REAL ESTATE | 11,241 | 15,683 |
| AMERICAN TOWER CORP REIT | 4,845 | 8,529 |
| AMERICOLD REALTY TRUST REIT | 5,371 | 6,309 |
| BLACKSTONE GROUP INC CL A | 15,330 | 21,776 |
| BRISTOL MYERS SQUIBB CO | 6,487 | 7,133 |
| BROADCOM INC | 13,224 | 15,325 |
| BROOKFIELD RENEWABLE COR CAD | 8,081 | 13,868 |
| BUNGE LIMITED | 9,359 | 17,248 |
| CLEARWAY ENERGY INC CL C | 4,033 | 4,374 |
| CROWN CASTLE INTL CORP REIT | 10,328 | 17,511 |
| EATON CORP PLC | 7,350 | 15,738 |
| EQUINIX INC REIT | 13,142 | 19,997 |
| EURONAV SA | 4,056 | 3,968 |
| GAMING & LEISURE PPTYS INC REIT | 10,580 | 13,822 |
| HONEYWELL INTL INC | 6,550 | 14,251 |
| INTL BUSINESS MACH | 11,523 | 9,819 |
| INVITATION HOMES INC REIT | 11,680 | 14,820 |
| KINDER MORGAN INC | 6,693 | 4,593 |
| KRAFT HEINZ CO/THE | 8,074 | 8,804 |
| L3 HARRIS TECHNOLOGIES INC | 6,192 | 7,750 |
| NORTHROP GRUMMAN CORP | 7,406 | 7,009 |
| SIMON PPTY GROUP INC SBI | 8,626 | 9,466 |
| SL GREEN REALTY CORP | 11,240 | 8,222 |
| TERRENO RLTY CORP SBI | 4,048 | 3,979 |
| TIMKEN CO | 10,938 | 17,097 |
| VICI PROPERTIES INC REIT | 11,463 | 13,184 |
| WILLIAMS COS INC (DEL) | 13,282 | 9,363 |
| EATON VANCE TAX MANAGED GLOBAL BUY WRITE OPPORTUNITIES FUND | 5,063 | 7,134 |
| GLOBAL X FDS GLOBAL X MLP ETF | 41,728 | 23,334 |
| SPDR BLOOMBERG BARCLAYS | 16,069 | 18,628 |
| TORTOISE ENERGY INFRASTRUCTURE CORP | 40,796 | 5,528 |
| AMERICAN HOMES 4 RENT CL A | 7,611 | 8,490 |
| AUTOZONE INC | 9,519 | 9,484 |
| BERRY GLOBAL GROUP INC | 24,674 | 34,501 |
| CLEAN HARBORS INC | 30,610 | 35,006 |
| CROWN HOLDINGS INC | 27,666 | 49,298 |
| DOLLAR GEN CORP NEW | 14,230 | 39,116 |
| FEDEX CORP | 23,757 | 39,722 |
| FISERV INC | 17,946 | 27,896 |
| GRAPHIC PACKAGING HOLDING CO | 21,798 | 27,189 |
| KNIGHT-SWIFT TRANSN HLDGS INC | 17,577 | 18,694 |
| LKQ CORP NEW | 24,878 | 35,874 |
| MARTEN TRANSPORT LTD | 2,240 | 7,512 |
| MASCO CORP | 18,049 | 21,862 |
| NUANCE COMMUNICATIONS INC | 11,011 | 32,098 |
| PROGRESSIVE CORP OHIO | 22,641 | 42,222 |
| VERIZON COMMUNICATIONS INC | 23,267 | 25,674 |
| ABB LTD SPON ADR | 16,087 | 17,363 |
| AIA GROUP LTD SPON ADR | 30,743 | 37,830 |
| AIR LIQUIDE ADR FRANCE ADR | 5,003 | 6,677 |
| AIRBUS SE UNSPONSORED ADR | 8,185 | 14,343 |
| AMERICA MOVIL S.A.B. DE C.V. | 3,332 | 3,809 |
| ANHEUSER BUSCH INBEV SPON ADR | 8,754 | 12,514 |
| AON PLC CL A | 6,910 | 7,606 |
| ASAHI KAISEI CORP UNSPON ADR | 11,687 | 12,834 |
| ASML HLDG NV SPON ADR | 13,810 | 34,140 |
| ASSA ABLOY AB ADR | 5,130 | 5,584 |
| ASTRAZENECA PLC SPON ADR | 23,921 | 26,945 |
| B&M EUROPEAN VALUE RETAIL SA | 5,376 | 5,990 |
| BANCO BILBAO VIZCAYA | 10,761 | 10,784 |
| BEIGENE LTD SPON ADR | 7,781 | 12,144 |
| BRITISH AMER TOBACCO PLC GB | 17,942 | 18,408 |
| CARLSBERG AS SPON ADR | 25,015 | 29,494 |
| CDN NATL RAILWAY CO CAD | 6,701 | 7,909 |
| COMPAGNIE FINANCIERE RICHEMONT | 8,942 | 8,358 |
| DAIICHI SANKYO CO LTD SPON ADR | 5,574 | 9,561 |
| DAIKIN INDS LTD ADR | 5,195 | 9,200 |
| DBS GROUP HLDGS LTD. SPON ADR | 8,005 | 7,909 |
| DEUTSCHE BOERSE ADR | 5,366 | 6,287 |
| DIAGEO PLC NEW GB SPON ADR | 14,586 | 13,975 |
| DNB ASA SPON ADR | 11,243 | 12,295 |
| DSV PANALPINA A/S ADR | 7,389 | 13,107 |
| ENEL SPA ADR | 20,073 | 29,638 |
| ENGIE SPON ADR | 4,710 | 5,569 |
| ESSILORLUXOTTICA ADR | 17,544 | 19,829 |
| FLUTTER ENTMT PLC ADR | 3,923 | 5,528 |
| GALAPAGOS NV SPON ADR | 14,627 | 7,819 |
| GENMAB A/S SPON ADR | 9,751 | 21,631 |
| GIVAUDAN SA ADR | 12,455 | 19,348 |
| GRIFOLS S A CL B SPON ADR | 5,333 | 4,407 |
| HDFC BANK LTD ADR REPSTG 3 ORD | 6,845 | 8,671 |
| HERMES INTL SCA ADR | 8,536 | 12,434 |
| HONG KONG EXCHANGES & CLEARING | 7,672 | 12,919 |
| HOYA CORP SPON ADR | 7,606 | 13,740 |
| HUTCHISON CHINA MEDITECH LTD | 5,091 | 6,820 |
| IBERDROLA SA SPON ADR | 14,680 | 21,908 |
| INDUSTRIA DE DISENO TEXTIL IND | 10,846 | 10,683 |
| JARDINE MATHESON HD-UNSP ADR | 4,708 | 6,578 |
| KERING S A UN SPONSORED ADR | 18,251 | 26,082 |
| KEYENCE CORP ORD JPY | 23,679 | 46,167 |
| KONINKLIJKE PHILIPS NV SPON | 8,437 | 10,617 |
| LONDON STK EXCHANGE | 24,053 | 34,479 |
| LOREAL CO ADR FRANCE ADR | 15,539 | 22,236 |
| LVMH MOET HENNESSY LOUIS NEW | 7,328 | 11,350 |
| MERCADOLIBRE INC | 9,588 | 20,103 |
| MURATA MFG CO LTD ADR | 4,396 | 8,949 |
| NESTLE S A SPONSORED ADR | 20,937 | 25,916 |
| NIDEC CORP ADR | 3,475 | 13,092 |
| NIPPON TELEG & TEL CORP SPON | 9,463 | 9,715 |
| NITORI HLDGS CO LTD ADR | 7,604 | 8,091 |
| NOVO NORDISK ADR DENMARK ADR | 22,076 | 31,572 |
| PERNOD RICARD SA ADR | 13,194 | 14,496 |
| PROSUS N V SPON ADR | 4,399 | 6,268 |
| RECKITT BENCKISER PLC SPON ADR | 14,948 | 17,613 |
| RECRUIT HLDGS CO LTD UN | 4,658 | 7,149 |
| RELX PLC SPON ADR | 18,295 | 19,185 |
| RIO TINTO PLC SPON ADR | 4,164 | 5,190 |
| ROYAL KPN N.V. SPON ADR | 10,070 | 10,175 |
| SAFRAN SA ADR | 28,438 | 28,474 |
| SAP SE SPON ADR | 12,251 | 21,123 |
| SHIN ETSU CHEM CO LTD ADR | 13,409 | 23,090 |
| SHIONOGI & CO LTD ADR | 13,785 | 13,590 |
| SMC CORP YEN SHS ORD JPY | 12,437 | 20,616 |
| SOFTBANK GROUP CORP ADR | 10,788 | 16,276 |
| STMICROELECTRONICS N.V EUR | 7,677 | 8,500 |
| STRAUMANN HLDG AG ADR | 9,315 | 14,786 |
| SUZUKI MOTOR CORP LTD ADR | 6,046 | 6,727 |
| TAIWAN SEMICONDUCTOR MFG CO | 18,741 | 48,959 |
| TENCENT HLDGS LTD ADR | 15,476 | 23,005 |
| TERUMO CORP ADR | 10,059 | 12,309 |
| TFI INTL INC CAD | 7,262 | 8,872 |
| TOKYO ELECTRON LTD ADR | 6,074 | 6,458 |
| TOTAL SE SPON ADR | 9,362 | 8,298 |
| UNICHARM CORP SPON ADR | 11,021 | 18,959 |
| UNILEVER PLC AMER SHS NEW SPON | 4,204 | 4,104 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BOND INTEREST PURCHASED | AT COST | 10,787 | 10,787 |
| CULLEN EMERGING MARKETS | AT COST | 492,104 | 500,310 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 61,507 | 61,507 | 0 | |
| ANNUAL REPORT | 70 | 0 | 70 | |
| MISCELLANEOUS EXPENSES | 126 | 0 | 126 | |
| BANK FEES | 139 | 139 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 4,583 | 4,583 | 0 | |
| EXCISE TAX | 630 | 0 | 0 |