| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMMON STOCK | ||
| 008492100 AGREE RLTY CORP | 3,393 | 3,655 |
| 011311107 ALAMO GROUP INC | 3,449 | 4,780 |
| 017175100 ALLEGHANY CORP DEL | 6,042 | 8,599 |
| 01748X102 ALLEGIANT TRAVEL CO | 2,948 | 4,872 |
| 01973R101 ALLISON TRANSMISSION | 5,329 | 6,093 |
| 03071H100 AMERISAFE INC | 3,601 | 3,670 |
| 03076K108 AMERIS BANCORP | 3,896 | 7,032 |
| 032095101 AMPHENOL CORP NEW | 5,216 | 6,053 |
| 038336103 APTARGROUP INC | 9,030 | 9,133 |
| 04247X102 ARMSTRONG WORLD INDU | 7,992 | 10,741 |
| 04963C209 ATRICURE INC | 3,071 | 6,576 |
| 05368V106 AVIENT CORPORATION | 4,544 | 8,265 |
| 057665200 BALCHEM CORP CL B | 3,325 | 4,585 |
| 058498106 BALL CORPORATION | 3,680 | 4,190 |
| 09215C105 BLACK KNIGHT INC-WHE | 7,867 | 7,853 |
| 099406100 BOOT BARN HOLDINGS I | 2,151 | 5,042 |
| 114340102 BROOKS AUTOMATION IN | 5,592 | 7,657 |
| 115637209 BROWN FORMAN CORP CL | 5,431 | 6,590 |
| 12508E101 CDK GLOBAL INC | 3,436 | 4,240 |
| 143130102 CARMAX INC | 8,341 | 10,367 |
| 14843C105 CASTLE BIOSCIENCES I | 1,944 | 1,678 |
| 149150104 CATHAY GENERAL BANCO | 3,831 | 5,210 |
| 153527205 CENTRAL GARDEN AND P | 3,599 | 5,953 |
| 156727109 CERENCE INC-WI | 3,293 | 3,805 |
| 171484108 CHURCHILL DOWNS INC | 2,282 | 3,592 |
| 171604101 CHUY'S HOLDINGS INC | 1,224 | 2,611 |
| 172062101 CINCINNATI FINANCIAL | 7,401 | 12,049 |
| 172908105 CINTAS CORP | 4,735 | 6,010 |
| 177376100 CITRIX SYSTEMS INC | 9,763 | 7,702 |
| 19247A100 COHEN & STEERS INC | 3,714 | 4,534 |
| 20451N101 COMPASS MINERALS INT | 2,063 | 2,726 |
| 217204106 COPART INC | 8,684 | 12,772 |
| 22304C100 COVETRUS INC-WHEN IS | 4,319 | 4,882 |
| 228903100 CRYOLIFE INC | 3,174 | 4,091 |
| 229050307 CRYOPORT INC | 1,513 | 3,691 |
| 249906108 DESCARTES SYS GROUP | 3,376 | 3,974 |
| 25179M103 DEVON ENERGY CORP NE | 1,193 | 2,975 |
| 256746108 DOLLAR TREE INC | 7,156 | 7,313 |
| 29089Q105 EMERGENT BIOSOLUTION | 3,703 | 2,851 |
| 29260V105 ENDAVA PLC- SPON ADR | 5,260 | 8,309 |
| 29362U104 ENTEGRIS, INC | 10,191 | 17,854 |
| 33829M101 FIVE BELOW | 2,661 | 4,235 |
| 37637Q105 GLACIER BANCORP INC | 4,176 | 6,524 |
| 379577208 GLOBUS MEDICAL INC A | 4,618 | 6,557 |
| 38526M106 GRAND CANYON EDUCATI | 6,437 | 5,729 |
| 405024100 HAEMONETICS CORP | 5,202 | 2,484 |
| 40637H109 HALOZYME THERAPEUTIC | 3,736 | 4,389 |
| 418056107 HASBRO INC | 4,483 | 5,566 |
| 42226A107 HEALTHEQUITY INC | 3,601 | 5,403 |
| 422347104 HEARTLAND EXPRESS IN | 3,169 | 2,741 |
| 42328H109 HELIOS TECHNOLOGIES | 3,225 | 5,968 |
| 440327104 HORACE MANN EDUCATOR | 4,320 | 4,346 |
| 441593100 HOULIHAN LOKEY INC | 3,068 | 4,568 |
| 44925C103 ICF INTERNATIONAL IN | 3,480 | 4,307 |
| 44930G107 ICU MED INC | 1,780 | 2,289 |
| 451107106 IDACORP INC | 3,900 | 3,820 |
| 457985208 INTEGRA LIFESCIENCES | 3,970 | 4,972 |
| 50187A107 LHC GROUP INC | 2,813 | 3,937 |
| 513272104 LAMB WESTON HOLDING | 6,464 | 8,167 |
| 536797103 LITHIA MTRS INC | 2,950 | 7,744 |
| 55261F104 M&T BK CORP | 5,986 | 8,838 |
| 55405Y100 MACOM TECHNOLOGY SOL | 3,320 | 6,571 |
| 559663109 MAGNOLIA OIL & GAS C | 3,754 | 3,889 |
| 58506Q109 MEDPACE HOLDINGS INC | 5,150 | 6,682 |
| 58958U103 MERIDIAN BANCORP INC | 1,804 | 2,756 |
| 603158106 MINERALS TECHNOLOGIE | 2,942 | 4,785 |
| 60786M105 MOELIS & CO | 4,910 | 8,268 |
| 63633D104 NATIONAL HEALTH INVS | 3,598 | 3,427 |
| 651587107 NEW MARKET CORPORATI | 7,121 | 6,178 |
| 668074305 NORTHWESTERN CORPORA | 4,710 | 4,625 |
| 67000B104 NOVANTA INC | 3,894 | 5,559 |
| 675234108 OCEANFIRST FINANCIAL | 3,399 | 4,157 |
| 679580100 OLD DOMINION FGHT LI | 7,688 | 11,414 |
| 681116109 OLLIE'S BARGAIN OUTL | 3,722 | 4,063 |
| 68373J104 OPEN LENDING CORP - | 1,374 | 1,273 |
| 68902V107 OTIS WORLDWIDE CORP- | 8,568 | 9,870 |
| 691497309 OXFORD INDUSTRIES IN | 2,141 | 3,639 |
| 69478X105 PACIFIC PREMIER BANC | 3,742 | 6,482 |
| 703343103 PATRICK INDUSTRIES I | 3,388 | 5,742 |
| 70438V106 PAYLOCITY HOLDING CO | 3,242 | 4,755 |
| 71377A103 PERFORMANCE FOOD GRO | 4,810 | 6,266 |
| 71944F106 PHREESIA INC | 2,651 | 4,505 |
| 737446104 POST HOLDINGS INC-W | 9,837 | 12,131 |
| 74164F103 PRIMORIS SERVICES CO | 2,798 | 4,800 |
| 74340E103 PROGYNY INC | 2,368 | 5,764 |
| 74736A103 QTS REALTY TRUST INC | 3,976 | 4,500 |
| 753422104 RAPID7 INC | 3,532 | 5,270 |
| 75524B104 RBC BEARINGS INC | 4,355 | 5,678 |
| 76156B107 REVOLVE GROUP INC | 1,774 | 2,162 |
| 767744105 RITCHIE BROS AUCTION | 3,374 | 5,135 |
| 78377T107 RYMAN HOSPITALITY PP | 3,137 | 3,671 |
| 811707801 SEACOAST BANKING COR | 4,073 | 6,487 |
| 825698103 SHYFT GROUP INC/THE | 2,616 | 3,469 |
| 826919102 SILICON LABORATORIES | 3,642 | 4,780 |
| 827048109 SILGAN HLDGS INC | 1,735 | 2,401 |
| 82982L103 SITEONE LANDSCAPE SU | 621 | 1,548 |
| 830830105 SKYLINE CHAMPION COR | 4,409 | 8,256 |
| 83088M102 SKYWORKS SOLUTIONS I | 9,960 | 13,090 |
| 85254J102 STAG INDUSTRIES INC | 5,229 | 6,428 |
| 860630102 STIFEL FINL CORP | 4,066 | 8,106 |
| 862121100 STORE CAPITAL CORP | 5,121 | 7,121 |
| 868459108 SUPERNUS PHARMACEUTI | 3,723 | 4,478 |
| 87166B102 SYNEOS HEALTH INC | 4,830 | 7,647 |
| 882681109 TEXAS ROADHOUSE INC | 4,583 | 8,963 |
| 90278Q108 UFP INDUSTRIES INC | 3,504 | 6,521 |
| 904708104 UNIFIRST CORP | 5,583 | 5,764 |
| 91734M103 US ECOLOGY INC | 3,302 | 2,616 |
| 92337F107 VERACYTE INC | 2,287 | 3,163 |
| 925550105 VIAVI SOLUTIONS INC | 4,302 | 5,785 |
| 929160109 VULCAN MATERIALS CO | 7,966 | 11,732 |
| 978097103 WOLVERINE WORLD WIDE | 2,072 | 2,917 |
| G4388N106 HELEN OF TROY LIMITE | 2,285 | 2,947 |
| G8060N102 SENSATA TECHNOLOGIES | 3,841 | 6,002 |
| G8473T100 STERIS PLC | 6,820 | 7,634 |
| G97822103 PERRIGO CO LTD | 5,901 | 6,229 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS - FIXED | |||
| MUTUAL FUNDS - EQUITY | |||
| 256210105 DODGE & COX INCOME F | AT COST | 523,382 | 552,018 |
| 31423A671 FEDERATED HERMES INT | AT COST | 174,093 | 672,082 |
| 317609295 SEAFARER OVERSEAS GR | AT COST | 130,348 | 161,523 |
| 412295701 HARDING LOEVNER INST | AT COST | 164,000 | 167,747 |
| 464287200 ISHARES CORE S&P 500 | AT COST | 949,683 | 1,660,036 |
| 52106N459 LAZARD GLOBAL LISTED | AT COST | 58,401 | 65,283 |
| 592905749 METROPOLITAN WEST UN | AT COST | 231,197 | 235,031 |
| 77957P105 T ROWE PRICE SHORT T | AT COST | 144,688 | 144,688 |
| 922908538 VANGUARD MID-CAP GRO | AT COST | 85,262 | 289,236 |
| 922908553 VANGUARD REAL ESTATE | AT COST | 58,340 | 75,210 |
| Description | Amount |
|---|---|
| PRIOR YEAR ROC ADJUSTMENT | 7,310 |
| RETURN OF CAPITAL ADJUSTMENT | 3,454 |
| 2020 TRANSACTIONS POSTED IN 2021 | 659 |
| WASH SALES ADJUSTMENT | 41 |
| ROUNDING | 4 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE FILING FEES | 200 | 0 | 200 | |
| MAP MANAGEMENT FEES | 2,180 | 2,180 | 0 |
| Description | Amount |
|---|---|
| MUTUAL FUND TIMING DIFFERENCE | 109 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 47 | 47 | 0 | |
| FEDERAL TAX PAYMENT - PRIOR YE | 2,216 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 3,370 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 1,729 | 1,729 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 459 | 459 | 0 |