| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FORM 990-PF PREPARATION | 3,000 | 0 | 3,000 | |
| COMPILATION OF FINANCIAL STATEMENTS | 7,450 | 0 | 7,450 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC 4.125%26 | 16,917 | 17,055 |
| BANK OF AMERICA C VAR 24 | 15,371 | 17,293 |
| BORGWARNER INC. 2.65% 27 | 16,988 | 17,189 |
| CAPITAL ONVE FINL 3.65% 27 | 17,017 | 19,442 |
| CITIGROUP INC 3.2%26 | 13,801 | 16,721 |
| COMCAST CORP 4.15% 28 | 16,948 | 19,143 |
| CONAGRA BRANDS, I 4.6%25 | 15,089 | 17,674 |
| CVS HEALTH CORP 4.1%25 | 16,199 | 17,841 |
| DOLLAR TREE, INC. 4.2% 28 | 16,322 | 16,558 |
| DUPONT DE NEMOU 4.493% 25 | 16,511 | 17,510 |
| JP MORGANCHASE & VAR 23 | 16,387 | 16,551 |
| KINDER MORGAN EN 4.25%24 | 15,572 | 16,742 |
| MCDONALD'S CORP 2.625% 29 | 16,739 | 17,493 |
| REGIONS FINL CORP 3.8% 23 | 15,473 | 16,243 |
| ROPER TECHNOLOGIE 3.8%26 | 16,744 | 16,654 |
| THE GOLDMAN SACHS VAR 25 | 15,855 | 17,477 |
| VERISK ANALYTIC 4.125% 29 | 16,574 | 16,728 |
| WELLS FARGO & C 3.069% 23 | 16,408 | 16,431 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1 800 FLOWERS.COM | 7,638 | 9,178 |
| ACCENTURE PLC | 16,502 | 37,353 |
| ACUITY BRANDS INC | 11,084 | 11,261 |
| ADOBE INC | 3,936 | 18,004 |
| ADYEN N V | 18,863 | 23,200 |
| AIA GROUP LTD | 28,999 | 45,838 |
| ALCON INC | 22,760 | 26,260 |
| ALLSTATE CORP | 13,286 | 21,107 |
| ALPHABET INC | 11,471 | 28,042 |
| ALTAIR ENGINEERING INC | 5,945 | 9,600 |
| ALTRA INDUSTRIAL MOT | 9,637 | 17,848 |
| AMADEUS IT GROUP S A | 25,553 | 25,397 |
| AMAZON.COM INC | 12,189 | 22,799 |
| AMERICAN INTL GROUP | 5,885 | 7,231 |
| AON PLC | 16,785 | 17,113 |
| APPLE INC | 9,128 | 54,668 |
| ARCHER-DANIELS-MIDLN | 17,961 | 18,753 |
| ARGO GROUP INTL HLDG F | 8,340 | 6,861 |
| ASHLAND GLOBAL HOLDINGS | 11,961 | 12,118 |
| ASML HDLGS NV | 15,442 | 43,407 |
| ATLAS COPCO AB | 19,091 | 26,306 |
| AVERY DENNISON CORP | 11,997 | 19,544 |
| BALL CORP | 13,302 | 19,661 |
| BECTON DICKINSON & CO | 13,607 | 24,271 |
| BERRY GLOBAL GROUP | 18,042 | 23,544 |
| BIO-TECHNE CORP | 11,925 | 18,418 |
| BLACKBAUD INC | 3,386 | 4,202 |
| BORG WARNER INC | 12,427 | 13,485 |
| BRIGHT HORIZON FAM | 5,662 | 12,974 |
| BROADCOM INC | 13,046 | 21,455 |
| BRYN MAWR BANK CORP | 6,941 | 6,823 |
| C S L LIMITED | 12,914 | 41,196 |
| CABOT OIL & GAS CORP | 4,469 | 4,233 |
| CAMDEN NTNL CORP | 6,371 | 6,118 |
| CANADIAN PAC RAILWAY | 13,732 | 38,483 |
| CARDINAL HEALTH INC | 8,639 | 9,534 |
| CATALENT INC | 10,605 | 27,266 |
| CATERPILLAR INC | 13,975 | 23,481 |
| CHAMPIONX CORP | 2,040 | 5,906 |
| CHARLES SCHWAB CORP | 17,860 | 27,899 |
| CHASE CORP | 8,635 | 7,879 |
| CHEGG INC | 7,149 | 9,485 |
| CHURCH & DWIGHT CO | 12,463 | 28,786 |
| CIGNA CORP | 17,711 | 19,985 |
| CINTAS CORP | 11,119 | 17,320 |
| CISCO SYSTEMS INC | 12,566 | 19,690 |
| CMC MATLS INC | 6,689 | 8,473 |
| COGNIZANT TECH SOLU | 14,327 | 20,733 |
| COHEN & STEERS INC | 10,767 | 18,204 |
| COLUMBIA BANKING SYS | 20,716 | 23,945 |
| COMCAST CORP | 15,087 | 21,379 |
| CONAGRA BRANDS INC | 13,652 | 17,405 |
| CONOCOPHILLIPS | 13,012 | 13,677 |
| CONSTELLATION BRAND | 17,877 | 21,467 |
| COSTCO WHOLESALE CO | 7,799 | 15,448 |
| CVS HEALTH CORP | 10,356 | 12,021 |
| DISCOVER FINL S | 19,574 | 21,365 |
| DOCUSIGN INC | 7,147 | 8,003 |
| DOLLAR TREE INC | 14,792 | 19,555 |
| DSV PANALPINA A/S | 9,692 | 33,608 |
| DUCK CREEK TECHNOLOGIES | 3,401 | 3,767 |
| DUPONT DE NEMOURS INC | 4,612 | 5,333 |
| ECOLAB INC | 7,239 | 14,929 |
| EDISON INTERNTNL | 19,851 | 19,663 |
| ENDAVA PLC | 10,351 | 15,043 |
| EXPERIAN PLC | 17,688 | 36,973 |
| FACEBOOK INC | 11,303 | 19,121 |
| FERRARI N V | 14,213 | 21,345 |
| FIRSTSERVICE CORP | 6,884 | 10,941 |
| GLOBUS MEDICAL INC | 15,813 | 21,392 |
| GRACO INC | 6,431 | 10,274 |
| GRAPHIC PACKAGING HL | 11,430 | 14,331 |
| HDFC BANK LTD | 21,227 | 38,948 |
| HELEN OF TROY LTD | 6,274 | 15,331 |
| HENRY JACK & ASSOC | 12,086 | 15,065 |
| HEXCEL CORP | 11,964 | 13,626 |
| HONEYWELL INTL INC | 18,848 | 19,781 |
| HORIZON THERAPEUTICS P F` | 15,243 | 22,530 |
| HOULIHAN LOKEY INC | 9,654 | 14,118 |
| I C U MEDICAL INC | 13,358 | 14,585 |
| ICON PLC | 4,462 | 12,869 |
| IDEX CORP | 6,173 | 9,960 |
| INTEGRA LIFESCIENC | 15,737 | 23,047 |
| INTEL CORP | 12,964 | 17,586 |
| INTER PARFUMS INC | 10,951 | 11,917 |
| ISHARES MSCI EAFE ETF | 12,533 | 12,695 |
| ISHARES RUSSELL 1000 | 77,482 | 77,938 |
| ISHARES RUSSELL 2000 | 20,924 | 21,371 |
| JOHNSON & JOHNSON | 11,785 | 16,997 |
| KANSAS CITY SOUTHERN | 9,813 | 15,922 |
| LAB CO OF AMER HLDG | 18,342 | 27,479 |
| LANDSTAR SYS INC | 7,505 | 12,389 |
| LINCOLN ELEC HLDGS | 10,057 | 12,671 |
| LITTELFUSE INC | 6,888 | 12,733 |
| LKQ CORP | 14,823 | 16,105 |
| LONZA GROUP AG | 26,203 | 26,978 |
| LOWES COMPANIES INC | 6,678 | 17,335 |
| LULULEMON ATHLETICA | 16,561 | 29,235 |
| LVMH MOET HENNESSY LOU | 9,972 | 37,170 |
| MADDEN STEVEN LTD | 8,203 | 13,104 |
| MANHATTAN ASSOCIATES | 7,217 | 13,358 |
| MASTERCARD INC | 6,956 | 28,555 |
| MCCORMICK & CO INC | 11,043 | 21,223 |
| MEDALLIA INC | 9,200 | 9,634 |
| MEDPACE HOLDINGS INC | 7,955 | 13,642 |
| MERCADOLIBRE INC | 22,056 | 56,957 |
| MERCK & CO INC | 12,279 | 18,650 |
| MESA LABS INC | 10,125 | 12,899 |
| METTLER TOLEDO INTL | 13,031 | 25,073 |
| MICROSOFT CORP | 19,900 | 40,480 |
| MONDELEZ INTL | 12,113 | 18,360 |
| MOTOROLA SOLUTIONS | 17,744 | 19,047 |
| MSC INDL DIRECT INC | 10,329 | 14,515 |
| NESTLE S A | 15,570 | 28,036 |
| NICE LTD | 10,584 | 29,205 |
| NIKE INC | 18,540 | 27,728 |
| NORTHROP GRUMMAN CO | 10,398 | 17,674 |
| OMNICELL INC | 7,731 | 15,363 |
| ONTO INNOVATION INC | 7,512 | 11,697 |
| ORACLE CORP | 12,391 | 19,795 |
| PACWEST BANCORP | 4,759 | 5,461 |
| PALO ALTO NETWORKS | 14,017 | 20,613 |
| PAYPAL HOLDINGS INCORPOR | 4,470 | 29,978 |
| PEPSICO INC | 16,829 | 24,618 |
| PERNOD RICARD S A | 16,957 | 19,865 |
| PFIZER INC | 10,010 | 10,749 |
| PFIZER INC | 14,851 | 17,853 |
| QUALYS INC | 10,708 | 15,599 |
| R B C BEARINGS INC | 15,694 | 23,275 |
| RAYTHEON CO | 14,443 | 18,950 |
| REINSURANCE GP AMER | 20,669 | 18,776 |
| RELIANCE STL & ALUMI | 4,204 | 6,946 |
| RESMED INC | 16,642 | 32,947 |
| ROBINSON MILLS, INC. | 81,600 | 197,380 |
| ROPER TECHNOLOGIES | 14,497 | 15,519 |
| SALESFORCE.COM | 12,736 | 18,470 |
| SHOPIFY INC | 3,101 | 28,299 |
| SIKA AG | 16,927 | 24,480 |
| SIMPSON MANUFACTRG | 4,707 | 7,476 |
| SNAP ON INC | 12,604 | 13,691 |
| SPS COMM INC | 11,453 | 23,021 |
| STARBUCKS CORP | 8,721 | 21,289 |
| STEEL DYNAMICS INC | 7,185 | 8,738 |
| STERIS PLC | 15,266 | 23,693 |
| STERIS PLC | 9,223 | 16,869 |
| SYNOPSYS INC | 3,745 | 20,480 |
| TAIWAN SEMICONDUCTR | 6,511 | 57,900 |
| TELEFLEX INCORPORATE | 18,709 | 21,402 |
| TENCENT HOLDINGS | 7,697 | 27,103 |
| TORO CO | 6,426 | 12,614 |
| TRUST FINL CORP | 16,937 | 22,767 |
| U M B FINL CORP | 11,415 | 12,556 |
| VERIZON COMMUNICATN | 15,278 | 18,506 |
| VIATRIS INC | 812 | 1,124 |
| WALT DISNEY CO | 13,650 | 25,003 |
| WASTE MANAGEMENT INC | 20,622 | 23,704 |
| WEST PHARM SRVC INC | 5,336 | 14,166 |
| WILEY & SONS INC JOHN | 20,892 | 19,177 |
| ZOETIS INC | 5,736 | 21,515 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AGREE REALTY CORP REIT | AT COST | 13,545 | 13,582 |
| CORESITE REALTY CORP | AT COST | 8,772 | 12,277 |
| EQUITY RESIDENTIAL | AT COST | 17,049 | 15,946 |
| PEBBLEBROOK HOTEL TR | AT COST | 6,557 | 6,467 |
| TERRENO REALTY CORP | AT COST | 6,032 | 9,420 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 39,390 | 39,390 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 1,131 | 1,131 | 0 |