| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1744101 AMN HEALTHCARE SERVICE | 2,460 | 2,935 |
| 8492100 AGREE RLTY CORP REIT | 1,402 | 1,332 |
| 9158106 AIR PRODUCTS & CHEMICA | 708 | 820 |
| 30506109 AMERICAN WOODMARK COR | 2,315 | 2,065 |
| 52769106 AUTODESK INC | 2,305 | 3,664 |
| 57665200 BALCHEM CORP CL B | 1,969 | 2,189 |
| 67806109 BARNES GROUP INC | 1,713 | 1,521 |
| 90672106 BIOTELEMETRY INC | 1,616 | 2,451 |
| 99406100 BOOT BARN HOLDINGS IN | 2,998 | 3,469 |
| 109194100 BRIGHT HORIZONS FAMI | 549 | 692 |
| 109641100 BRINKER INTERNATIONA | 1,167 | 1,301 |
| 112585104 BROOKFIELD ASSET MAN | 5,188 | 5,241 |
| 115236101 BROWN & BROWN INC | 1,681 | 1,944 |
| 115637209 BROWN FORMAN CORP CL | 776 | 874 |
| 126402106 CSW INDUSTRIALS INC | 979 | 1,567 |
| 126501105 CTS CORP | 1,428 | 1,682 |
| 127190304 CACI INTL INC CL A | 1,748 | 1,745 |
| 143130102 CARMAX INC | 3,366 | 3,495 |
| 156727109 CERENCE INC-WI | 1,002 | 2,010 |
| 165303108 CHESAPEAKE UTILITIES | 1,126 | 1,299 |
| 191098102 COCA COLA CONSOLIDAT | 1,617 | 1,598 |
| 192422103 COGNEX CORP | 229 | 321 |
| 194014106 COLFAX CORP | 458 | 459 |
| 199908104 COMFORT SYS USA INC | 839 | 1,317 |
| 207410101 CONMED CORP | 2,147 | 2,352 |
| 217204106 COPART INC | 2,805 | 3,690 |
| 225310101 CREDIT ACCEPTANCE CO | 1,938 | 1,731 |
| 254543101 DIODES INC | 876 | 1,269 |
| 256677105 DOLLAR GENERAL CORP | 473 | 631 |
| 258278100 DORMAN PRODUCTS INC | 2,171 | 2,518 |
| 302081104 EXLSERVICE HOLDINGS | 1,669 | 2,043 |
| 311900104 FASTENAL CO | 1,405 | 1,856 |
| 349853101 FORWARD AIR CORP | 2,046 | 2,305 |
| 353514102 FRANKLIN ELECTRIC IN | 1,811 | 2,146 |
| 366651107 GARTNER INC | 2,072 | 2,082 |
| 374297109 GETTY RLTY CORP NEW | 1,394 | 1,267 |
| 422806208 HEICO CORP NEW CL A | 1,166 | 1,639 |
| 436893200 HOME BANCSHARES INC | 2,197 | 2,416 |
| 448579102 HYATT HOTELS CORP CL | 961 | 817 |
| 451107106 IDACORP INC | 2,539 | 2,305 |
| 457985208 INTEGRA LIFESCIENCES | 2,879 | 3,246 |
| 466032109 J & J SNACK FOODS CO | 924 | 1,088 |
| 483007704 KAISER ALUMINUM CORP | 2,057 | 2,275 |
| 489398107 KENNEDY WILSON HOLDI | 763 | 644 |
| 493732101 K.FORCE INC | 1,436 | 1,599 |
| 500643200 KORN FERRY | 1,420 | 1,479 |
| 505336107 LA Z BOY INC | 1,560 | 2,191 |
| 525558201 LEMAITRE VASCULAR IN | 1,132 | 1,296 |
| 526057104 LENNAR CORP CLASS A | 1,312 | 1,601 |
| 530307107 LIBERTY BROADBAND-A | 644 | 788 |
| 530307305 LIBERTY BROADBAND-C | 2,565 | 3,167 |
| 531229409 LIBERTY SIRIUSXM SER | 391 | 346 |
| 531229607 LIBERTY SIRIUSXM SER | 915 | 870 |
| 531229854 LIBERTY FORMULA ONE | 1,433 | 1,278 |
| 531229870 LIBERTY FORMULA ONE | 91 | 76 |
| 537008104 LITTELFUSE INC | 1,515 | 2,037 |
| 538034109 LIVE NATION ENTERTAI | 1,178 | 1,764 |
| 553777103 MTS SYSTEMS CORP | 821 | 1,105 |
| 566324109 MARCUS & MILLICHAP I | 2,133 | 2,085 |
| 570535104 MARKEL CORP (HOLDING | 3,554 | 3,100 |
| 573075108 MARTEN TRANSPORT LTD | 1,774 | 2,033 |
| 573284106 MARTIN MARIETTA MATL | 1,578 | 1,704 |
| 577933104 MAXIMUS INC | 1,954 | 1,903 |
| 587376104 MERCANTILE BANK CORP | 1,403 | 1,168 |
| 589378108 MERCURY SYSTEMS INC | 2,293 | 2,730 |
| 592688105 METTLER TOLEDO INTL | 1,649 | 2,279 |
| 595017104 MICROCHIP TECHNOLOGY | 1,835 | 2,348 |
| 615369105 MOODY'S CORP | 1,276 | 1,451 |
| 620076307 MOTOROLA SOLUTIONS I | 1,035 | 1,020 |
| 624580106 MOVADO GROUP INC | 1,534 | 1,396 |
| 640491106 NEOGEN CORP | 2,828 | 3,331 |
| 680033107 OLD NATIONAL BANCORP | 2,464 | 2,285 |
| 681116109 OLLIE'S BARGAIN OUTL | 769 | 1,390 |
| 683344105 ONTO INNOVATION INC | 1,532 | 2,092 |
| 695127100 PACIRA BIOSCIENCES I | 839 | 838 |
| 701877102 PARSLEY ENERGY INC-C | 701 | 1,605 |
| 705573103 PEGASYSTEMS INC | 2,798 | 4,664 |
| 743315103 PROGRESSIVE CORP OHI | 754 | 989 |
| 747316107 QUAKER CHEMICAL CORP | 1,747 | 2,534 |
| 759916109 REPLIGEN CORP | 2,225 | 4,599 |
| 776696106 ROPER TECHNOLOGIES I | 1,865 | 2,155 |
| 778296103 ROSS STORES INC | 637 | 860 |
| 816300107 SELECTIVE INSURANCE | 2,829 | 2,880 |
| 826919102 SILICON LABORATORIES | 1,040 | 1,146 |
| 829214105 SIMULATIONS PLUS INC | 2,521 | 2,877 |
| 830830105 SKYLINE CHAMPION COR | 3,066 | 3,001 |
| 840441109 SOUTH STATE CORP | 2,755 | 2,458 |
| 852234103 SQUARE INC - A | 347 | 1,088 |
| 853666105 STANDARD MOTOR PRODU | 1,974 | 1,497 |
| 860372101 STEWART INFORMATION | 1,347 | 1,548 |
| 860630102 STIFEL FINL CORP | 2,538 | 3,179 |
| 871237103 SYKES ENTERPRISES IN | 1,184 | 1,243 |
| 873379101 TABULA RASA HEALTHCA | 1,534 | 1,371 |
| 882681109 TEXAS ROADHOUSE INC | 1,694 | 2,579 |
| 893641100 TRANSDIGM GROUP INC | 5,172 | 5,570 |
| 902252105 TYLER TECHNOLOGIES I | 677 | 873 |
| 902788108 UMB FINL CORP | 1,415 | 1,518 |
| 909907107 UNITED BANKSHARES IN | 2,031 | 1,750 |
| 913259107 UNITIL CORPORATION | 1,412 | 1,107 |
| 929042109 VORNADO REALTY TRUST | 378 | 261 |
| 929160109 VULCAN MATERIALS CO | 2,510 | 2,670 |
| 92343E102 VERISIGN INC | 2,336 | 2,380 |
| 26927E104 EVO PAYMENTS INC-CLA | 3,342 | 3,808 |
| 00846U101 AGILENT TECHNOLOGIES | 346 | 355 |
| 03662Q105 ANSYS INC | 2,126 | 2,910 |
| 03783C100 APPFOLIO INC - A | 1,524 | 1,980 |
| 04911A107 ATLANTIC UNION BANKS | 2,445 | 2,174 |
| 05990K106 BANC OF CALIFORNIA I | 2,036 | 1,868 |
| 08160H101 BENCHMARK ELECT | 2,259 | 1,972 |
| 09062W204 BIOLIFE SOLUTIONS IN | 955 | 1,915 |
| 09215C105 BLACK KNIGHT INC-WHE | 2,567 | 3,446 |
| 10316T104 BOX INC - CLASS A | 2,275 | 2,347 |
| 11275Q107 BROOKFIELD INFRASTRU | 952 | 1,663 |
| 11282X103 BROOKFIELD PPTY REIT | 324 | 254 |
| 11284V105 BROOKFIELD RENEWABLE | 100 | 175 |
| 12504L109 CBRE GROUP INC | 2,425 | 2,509 |
| 12571T100 CMC MATERIALS INC | 1,010 | 1,059 |
| 13765N107 CANNAE HOLDINGS INC | 212 | 266 |
| 14808P109 CASS INFORMATION SYS | 835 | 934 |
| 22160N109 COSTAR GROUP INC | 2,097 | 2,773 |
| 25754A201 DOMINO'S PIZZA, INC. | 1,439 | 1,917 |
| 26856L103 ELF BEAUTY INC | 1,796 | 2,418 |
| 27616P103 EASTERLY GOVERNMENT | 1,951 | 1,880 |
| 29260V105 ENDAVA PLC- SPON ADR | 1,239 | 1,996 |
| 29275Y102 ENERSYS | 903 | 1,661 |
| 29444U700 EQUINIX INC | 1,188 | 1,428 |
| 31620R303 FNF GROUP-W/I | 2,253 | 1,876 |
| 33616C100 FIRST REPUBLIC BANK/ | 827 | 1,029 |
| 36237H101 G-III APPAREL GROUP | 2,038 | 1,567 |
| 39874R101 GROCERY OUTLET HOLDI | 2,559 | 3,022 |
| 40171V100 GUIDEWIRE SOFTWARE I | 1,672 | 1,931 |
| 40425J101 HMS HLDGS CORP | 1,231 | 1,433 |
| 42805E306 HESKA CORP | 1,915 | 2,622 |
| 43300A203 HILTON WORLDWIDE HLD | 2,990 | 3,004 |
| 44267D107 HOWARD HUGHES CORP T | 1,375 | 868 |
| 44925C103 ICF INTERNATIONAL IN | 2,714 | 2,379 |
| 45168D104 IDEXX LABS INC | 1,159 | 1,999 |
| 48251W104 KKR & CO INC CLASS A | 2,642 | 3,523 |
| 50077B207 KRATOS DEFENSE SECUR | 2,400 | 3,538 |
| 50187A107 LHC GROUP INC | 2,712 | 4,266 |
| 52603B107 LENDINGTREE INC | 1,372 | 1,369 |
| 55261F104 M&T BK CORP | 492 | 382 |
| 55354G100 MSCI INC | 825 | 1,340 |
| 55955D100 MAGNITE INC | 1,476 | 4,914 |
| 58506Q109 MEDPACE HOLDINGS INC | 3,763 | 6,264 |
| 59064R109 MESA LABS INC | 2,490 | 2,866 |
| 60786M105 MOELIS & CO | 1,149 | 1,683 |
| 64049M209 NEOGENOMICS INC COM | 1,911 | 3,661 |
| 65336K103 NEXSTAR MEDIA GROUP | 2,849 | 2,730 |
| 67103H107 O REILLY AUTOMOTIVE | 3,086 | 3,168 |
| 68213N109 OMNICELL INC | 1,743 | 2,640 |
| 69354M108 PRA HEALTH SCIENCES | 1,301 | 1,505 |
| 74758T303 QUALYS INC | 1,174 | 1,706 |
| 75606N109 REALPAGE, INC. | 1,206 | 1,832 |
| 76029L100 REPAY HOLDINGS CORP | 1,766 | 2,289 |
| 76131D103 RESTAURANT BRANDS IN | 2,604 | 2,506 |
| 78409V104 S&P GLOBAL INC | 593 | 657 |
| 78410G104 SBA COMMUNICATIONS C | 2,994 | 3,386 |
| 78463M107 SPS COMMERCE INC | 559 | 977 |
| 78709Y105 SAIA INC | 1,380 | 2,712 |
| 81617J301 SELECT ENERGY SERVIC | 1,426 | 730 |
| 82706C108 SILICON MOTION TECHN | 1,563 | 1,541 |
| 82982L103 SITEONE LANDSCAPE SU | 1,385 | 2,538 |
| 83088V102 SLACK TECHNOLOGIES I | 506 | 929 |
| 86614U100 SUMMIT MATERIALS INC | 601 | 522 |
| 88162G103 TETRA TECH INC NEW | 1,217 | 1,621 |
| 89055F103 TOPBUILD CORP | 1,343 | 2,577 |
| 89400J107 TRANSUNION | 2,027 | 2,183 |
| 91879Q109 VAIL RESORTS INC | 1,739 | 1,953 |
| 92345Y106 VERISK ANALYTICS INC | 1,439 | 1,868 |
| 92932M101 WNS HOLDINGS LTD ADR | 4,145 | 4,539 |
| 98139A105 WORKIVA INC | 2,426 | 5,131 |
| G037AX101 AMBARELLA INC SEDOL | 1,000 | 1,469 |
| G0403H108 AON PLC/IRELAND-A SE | 1,049 | 1,056 |
| G0450A105 ARCH CAPITAL GROUP L | 2,170 | 1,840 |
| G14838109 MIMECAST LTD SEDOL B | 3,020 | 3,865 |
| G47567105 IHS MARKIT LTD SEDOL | 1,871 | 2,156 |
| M98068105 WIX.COM LTD SEDOL BF | 1,703 | 3,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 314209701 FEDERATED HERMES MDT | AT COST | 229,234 | 504,097 |
| 316092857 FIDELITY REAL ESTATE | AT COST | 118,675 | 131,976 |
| 317609295 SEAFARER OVERSEAS GR | AT COST | 76,530 | 89,204 |
| 464287200 ISHARES CORE S&P 500 | AT COST | 116,032 | 133,263 |
| 552746364 MFS EMERGING MKTS DE | AT COST | 161,224 | 176,651 |
| 592905749 METROPOLITAN WEST UN | AT COST | 171,577 | 172,568 |
| 46090E103 INVESCO QQQ TRUST ET | AT COST | 195,612 | 227,462 |
| 31421R882 FEDERATED HERMES MDT | AT COST | 130,107 | 357,227 |
| 31423A671 FEDERATED HERMES INT | AT COST | 160,853 | 579,338 |
| 31428Q101 FEDERATED HERMES TOT | AT COST | 669,672 | 749,272 |
| 52106N459 LAZARD GLOBAL LISTED | AT COST | 110,338 | 104,875 |
| 74440Y884 PGIM HIGH YIELD FUND | AT COST | 100,000 | 101,101 |
| 77958B105 T ROWE PRICE INSTITU | AT COST | 114,819 | 111,666 |
| 89154Q562 TOUCHSTONE SANDS EM | AT COST | 76,530 | 111,613 |
| 97717X669 WISDOMTREE U.S. QUAL | AT COST | 98,872 | 111,967 |
| Description | Amount |
|---|---|
| 2020 TRANSACTION POSTED IN 2021 | 19,379 |
| WASH SALE ADJ | 295 |
| ROUNDING ADJ | 3 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER EXPENSE (NON-DEDUCTIBLE | 1 | 0 | 1 | |
| STATE FILING FEES | 200 | 0 | 200 | |
| MAP MANAGEMENT FEES | 982 | 982 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL TAX REFUND | 75 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 42 | 42 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 1,553 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 1,126 | 1,126 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 393 | 393 | 0 |