| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACTAVIS FDG 3.45% DUE 03/15/22 | 35,033 | 35,908 |
| AIR LEASE 2.5% DUE 03/01/21 | 19,670 | 20,061 |
| ALLY FINL 4.125% DUE 02/13/22 | 10,114 | 10,384 |
| AMERICAN INTL 3.3% DUE 03/01/21 | 10,004 | 10,021 |
| ARES CAP 3.5% DUE 02/10/23 | 25,563 | 26,336 |
| BAC SR NOTE VAR DUE 04/24/23 | 10,109 | 10,104 |
| BECTON DICK 3.125% DUE 11/08/21 | 34,733 | 35,776 |
| BOEING SR NT 2.125% DUE 03/01/22 | 14,664 | 15,252 |
| BROADCOM CORP 3.0% DUE 01/15/22 | 14,913 | 15,345 |
| CELGENE CORP 2.875% DUE 02/19/21 | 9,871 | 10,033 |
| CITI SR NT 2.75% DUE 04/25/22 | 5,067 | 5,149 |
| CITI SR NT 2.9% DUE 12/08/21 | 34,670 | 35,756 |
| CNH INDL 3.875% DUE 10/15/21 | 35,124 | 35,822 |
| CONTI01-1A1 6.703% DUE 06/15/21 | 10,612 | 9,434 |
| CVS CAREMARK 4.125% DUE 05/15/21 | 15,072 | 15,030 |
| DB 3.15% DUE 01/22/21 | 9,715 | 10,011 |
| DUPONT DE 2.169% DUE 05/01/23 | 35,549 | 35,464 |
| EDISON NOTE 2.4% DUE 09/15/22 | 29,805 | 30,660 |
| ENERGY TRANSF 4.65% DUE 06/01/21 | 35,093 | 35,263 |
| FS INVT CORP 4.75% DUE 05/15/22 | 10,239 | 10,405 |
| GATX CORP SR NOTE 4.85% DUE 6/1/21 | 25,750 | 25,446 |
| GECC INTRNTS 5.4% DUE 05/15/22 | 10,315 | 10,567 |
| GECC MTN 4.65% DUE 10/17/21 | 20,194 | 20,637 |
| GECC SUB NT 5.3% DUE 02/11/21 | 10,108 | 10,047 |
| GM FINL SR NT 4.2% DUE 03/01/21 | 30,014 | 30,074 |
| GREAT PLAINS 4.85% DUE 06/01/21 | 15,094 | 15,102 |
| GS SR NOTE 2.875% DUE 02/25/21 | 10,003 | 10,019 |
| GS SR NOTE 5.25% DUE 07/27/21 | 20,351 | 20,562 |
| HALLIBURTON CO 3.5% DUE 08/01/23 | 10,624 | 10,685 |
| HI SN 5.125% DUE 11/15/22 | 31,374 | 32,071 |
| HOLLY FRONTIER 2.625% DUE 10/01/23 | 15,030 | 15,330 |
| HOSPITALITY 5.0% DUE 08/15/22 | 5,162 | 5,088 |
| HSBC FIN 6.676% DUE 01/15/21 | 10,012 | 10,013 |
| ILFC SR NOTE 4.625% DUE 04/15/21 | 30,134 | 30,308 |
| KINDER MORGAN 5.8% DUE 03/01/21 | 35,406 | 35,285 |
| KINROS GOLD 5.125% DUE 09/01/21 | 15,428 | 15,271 |
| MARRIOTT 3.125% DUE 02/15/23 | 10,098 | 10,326 |
| MONSANTO CO 2.75% DUE 07/15/21 | 14,697 | 15,119 |
| OCCIDENTAL 3.125% DUE 02/15/22 | 15,151 | 15,113 |
| ONEOK INC NEW 4.25% DUE 02/01/22 | 25,846 | 25,733 |
| PACIFIC GAS 1.75% DUE 06/16/22 | 25,024 | 25,070 |
| PETRO MEXICANO 5.5% DUE 01/21/21 | 20,019 | 20,050 |
| PETROLEOS 6.375% DUE 02/04/21 | 10,018 | 10,045 |
| PROASSURANCE 5.3% DUE 11/15/23 | 21,448 | 21,395 |
| PSEG POWER 4.15% DUE 09/15/21 | 35,361 | 35,518 |
| QWEST CORP 6.75% DUE 12/01/21 | 26,034 | 26,154 |
| REYNOLDS AMER 3.75% DUE 05/20/23 | 10,623 | 10,601 |
| RI ST 2.75% DUE 07/01/21 | 9,914 | 10,001 |
| ROYAL BANK 6.125% DUE 01/11/21 | 10,007 | 10,009 |
| ROYAL BANK 6.125% DUE 12/15/22 | 10,822 | 10,998 |
| SANTANDER HLD 4.45% DUE 12/03/21 | 25,491 | 25,815 |
| SANTANDER UK 3.125% DUE 01/08/21 | 24,887 | 25,005 |
| SUMITOMO VAR DUE 01/17/23 | 10,062 | 10,068 |
| TCP CAP 4.125% 08/11/22 | 25,585 | 26,066 |
| TELEFONICA 5.462% DUE 02/16/21 | 35,369 | 35,196 |
| TIME WARNER 4.0% DUE 09/01/21 | 30,052 | 30,426 |
| TYSON FOODS 2.25% DUE 08/23/21 | 19,264 | 20,191 |
| WELLS FARGO 2.625% DUE 07/22/22 | 5,080 | 5,176 |
| WF MTN 3.45% DUE 02/13/23 | 15,559 | 15,896 |
| WF NOTE 3.069% DUE 01/24/23 | 15,530 | 15,428 |
| ZIMMER HLDGS 3.375% DUE 11/30/21 | 34,942 | 35,685 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 49,619 | 48,941 |
| ABBOTT LABORATORIES | 45,614 | 61,424 |
| ABBVIE INC SHS | 4,627 | 5,250 |
| ACAP STRATEGIC FUND CL W | 942,976 | 1,779,426 |
| ACCENTURE PLC IRELD CL A | 83,735 | 156,726 |
| ACTIVISION BLIZZARD INC | 1,750 | 3,528 |
| ADOBE SYS INC | 40,462 | 106,526 |
| ADVANCED EQUITIES FINANCIAL CORP CL B | 125,001 | 0 |
| AFLAC INC | 36,653 | 44,248 |
| AGILENT TECHNOLOGIES INC | 37,247 | 93,489 |
| AIA GROUP LTD SPONSORED ADR | 28,187 | 37,241 |
| AIR LEASE CORP CL A | 61,617 | 67,296 |
| AIRBNB INC CL A | 7,654 | 8,221 |
| AKRE FOCUS FUND INSTL | 515,624 | 663,301 |
| AKZO N V SPONS ADR NEW | 23,524 | 26,180 |
| AKZO NOBEL N V SPON ADR | 3,485 | 5,481 |
| ALARM COM HLDGS INC COM | 9,993 | 17,069 |
| ALBEMARLE CORP | 36,508 | 59,303 |
| ALCON INC | 23,937 | 27,514 |
| ALEXANDRIA REAL ESTATE EQUITIES INC | 38,556 | 57,387 |
| ALIBABA GROUP HOLDING LT | 31,418 | 35,375 |
| ALIGN TECHNOLOGY INCCOM | 20,493 | 45,422 |
| ALLEGHANY CORP | 5,462 | 6,641 |
| ALLISON TRANSMISSION HLDGS INC | 38,871 | 39,162 |
| ALLSTATE CORP DEL COM | 50,587 | 97,178 |
| ALPHABET INC CAP STK CL A | 90,852 | 157,694 |
| ALTAIR ENGR INC CL ACOM | 5,441 | 9,018 |
| ALTRA INDUSTRIAL MOTION CORP | 1,218 | 2,383 |
| ALTRIA GROUP INC | 61,290 | 47,027 |
| AMAZON COM INC COM | 67,788 | 237,756 |
| AMBEV SA SHS ADR | 3,198 | 1,943 |
| AMDOCS LIMITED | 2,556 | 3,901 |
| AMERCO | 42,961 | 54,475 |
| AMERICAN CAMPUS CMNTYS | 21,297 | 26,860 |
| AMERICAN FINL GROUP INC OHIO | 30,335 | 40,656 |
| AMERICAN INTL GROUP INC | 12,306 | 9,427 |
| AMERISOURCEBERGEN CORP | 52,952 | 58,069 |
| AMETEK INC NEW | 2,194 | 4,959 |
| AMGEN INC. | 47,568 | 64,378 |
| AMN HEALTHCARE SVCS INC COM | 6,996 | 9,555 |
| ANALOG DEVICES INC COM | 1,568 | 2,511 |
| ANTHEM INC | 4,921 | 8,991 |
| AON PLC | 2,355 | 4,225 |
| APPFOLIO INC COM CL A | 8,357 | 15,483 |
| APPLE INC | 56,068 | 226,104 |
| ARAMARK | 8,927 | 28,937 |
| ARROW ELECTRONICS | 1,889 | 3,989 |
| ASE TECHNOLOGY | 7,278 | 8,386 |
| ASGN INC | 1,847 | 2,589 |
| ASHTEAD GROUP PLC ADR | 26,851 | 37,332 |
| ASML HOLDING N V N Y REGISTRY SHS | 13,471 | 19,021 |
| ASSA ABLOY AB ADR | 20,988 | 26,925 |
| ASTRAZENECA PLC | 10,463 | 11,398 |
| AT&T INC. | 20,565 | 16,968 |
| ATLASSIAN CORP PLC | 6,448 | 10,290 |
| AUTODESK INC. | 30,686 | 51,297 |
| AUTOMATIC DATA PROC | 71,406 | 87,219 |
| AUTOZONE INC NEVADA COM | 9,591 | 10,669 |
| AVAGO TECHNOLOGIES LTD | 12,007 | 14,887 |
| AVANTOR INC | 3,523 | 7,966 |
| AVISTA CORP | 35,447 | 39,618 |
| BAKER HUGHES A GE CO | 24,645 | 40,095 |
| BALL CORP COM | 9,031 | 11,741 |
| BANCO BRADESCO S A ADR | 5,153 | 6,675 |
| BANK N T BUTTERFIELD&SON | 32,424 | 32,438 |
| BANK OF AMERICA CORP | 14,442 | 15,549 |
| BAOZUN INC SHS CL A ADR | 2,213 | 2,508 |
| BARRICK GOLD CORP | 3,895 | 7,085 |
| BAXTER INTL INC | 19,682 | 20,862 |
| BCE INC COM | 17,340 | 16,906 |
| BECTON DICKINSON & CO | 79,681 | 105,843 |
| BELDEN INC | 2,227 | 1,467 |
| BIOGEN INC | 5,718 | 5,632 |
| BLACK KNIGHT INC | 7,061 | 19,260 |
| BLACKLINE INC COM | 10,375 | 21,074 |
| BOEING CO | 6,768 | 7,706 |
| BOK FINL CORP COM NEW | 44,924 | 40,540 |
| BP PLC SPONSORED ADR | 1,787 | 1,826 |
| BROOKFIELD ASSET MGMNT A | 20,544 | 38,753 |
| BWX TECHNOLOGIES INC. | 4,601 | 4,762 |
| CAMDEN PPTY TRUST SBI | 29,654 | 34,273 |
| CAMECO CORP | 8,899 | 12,596 |
| CANADIAN NATURAL RES LTD | 2,759 | 2,766 |
| CARLISLE COS INC | 23,212 | 33,735 |
| CARLSBERG AS | 4,827 | 5,366 |
| CARNIVAL CORP PAIRED SHS | 24,912 | 10,094 |
| CARTER'S INC. | 38,147 | 43,178 |
| CATERPILLAR INC DEL | 3,174 | 4,733 |
| CBRE GROUP INC CL A | 43,129 | 78,086 |
| CEMEX SAB DE CV | 2,908 | 1,789 |
| CENTENE CORP | 6,876 | 8,524 |
| CERNER CORP | 17,865 | 26,683 |
| CHAMPIONX CORPORATION | 2,024 | 995 |
| CHANGE HEALTHCARE INC REG SHS | 2,264 | 3,917 |
| CHEVRON CORP | 56,756 | 50,501 |
| CHINA MERCHANTS BANK UNS ADR | 7,486 | 11,009 |
| CHIPOTLE MEXICAN GRILL | 5,479 | 12,480 |
| CHUBB LTD | 55,879 | 67,879 |
| CHUNGHWA TELECOM CO LTD SHS | 6,111 | 6,488 |
| CHURCH & DWIGHT COMPANY | 41,630 | 54,170 |
| CIGNA CORP | 2,893 | 4,372 |
| CIMAREX ENERGY CO | 7,598 | 2,888 |
| CIRIUS THERAPEUTICS | 259,835 | 325,000 |
| CISCO SYSTEMS INC. | 10,731 | 19,959 |
| CIT GROUP | 24,827 | 18,309 |
| CITIGROUP INC COM NEW | 75,634 | 89,654 |
| CITIZENS FINL GROUP INC | 37,120 | 47,632 |
| CITRIX SYSTEMS INC | 41,216 | 47,356 |
| CLOROX COMPANY | 42,355 | 50,884 |
| CLOSE BROTHERS GROUP PLC | 24,235 | 21,497 |
| COCA COLA COMPANY | 86,529 | 106,390 |
| COCA-COLA EURO PRTNRS | 24,353 | 27,705 |
| COGNIZANT TECHNOLOGY | 38,437 | 49,826 |
| COMPASS GROUP PLC SHS ADR | 24,788 | 23,974 |
| CONAGRA BRANDS INC | 51,813 | 50,728 |
| CONCEIVIX, INC. | 250,000 | 0 |
| CONOCOPHILLIPS | 14,137 | 9,718 |
| CORNING INC | 3,719 | 4,428 |
| CORTEVA INC | 3,166 | 4,646 |
| COSTAR GROUP INC COM | 8,108 | 12,016 |
| COSTCO WHSL CORP | 35,625 | 59,908 |
| CREDICORP LTD COM PV $5 | 36,914 | 42,809 |
| CRH PLC ADR | 2,998 | 4,045 |
| CURTISS WRIGHT | 4,561 | 5,352 |
| CVS HEALTH CORP | 135,530 | 140,903 |
| DAIRY FARM INTL UNSP ADR | 6,483 | 5,641 |
| DASSAULT SYS S A SPONSORED ADR | 13,534 | 34,420 |
| DBS GROUP HLDGS LTD ADR | 14,964 | 24,260 |
| DEERE CO | 3,682 | 5,650 |
| DENTSPLY SIRONA INC | 26,352 | 32,725 |
| DIAGEO P L C | 5,417 | 6,988 |
| DIAMONDBACK ENERGY INC | 5,732 | 3,388 |
| DISCOVER FINL SVCS | 3,009 | 4,526 |
| DISCOVERY COMMUNICATNS NEW COM SER A | 24,500 | 31,143 |
| DISNEY WALT HOLDING CO | 8,366 | 10,690 |
| DOCUSIGN INC | 10,859 | 10,003 |
| DODGE & COX INCOME | 59,459 | 63,331 |
| DOLLAR GEN CORP NEW COM | 31,697 | 84,541 |
| DOVER CORP | 2,637 | 4,292 |
| DOW INC | 7,232 | 7,548 |
| DR REDDY'S LAB LTD ADR | 6,891 | 8,840 |
| DRIEHAUS EMERGING MARKETS GROWTH INSTL CL | 450,827 | 686,632 |
| DUKE ENERGY CORP NEW | 12,693 | 13,826 |
| DUPONT DE NEMOURS INC | 6,327 | 7,182 |
| EASIC CORP | 21,844 | 0 |
| EAST WEST BANCORP INC | 63,646 | 66,886 |
| EATON CORP PLC | 2,257 | 3,604 |
| EBAY INC | 34,277 | 47,938 |
| ECOLAB INC | 39,478 | 45,436 |
| ELECTRONIC ARTS INC | 1,308 | 2,010 |
| EMCOR GROUP INC | 29,286 | 47,834 |
| EMERSON ELEC CO | 37,584 | 43,962 |
| ENCOMPASS HEALTH CORP | 35,748 | 53,831 |
| ENDAVA PLC ADR | 8,466 | 9,670 |
| ENERSYS | 2,100 | 2,658 |
| ENN ENERGY HOLDINGS LTD SHS | 4,767 | 7,301 |
| ENVESTNET INC COM | 5,461 | 6,665 |
| EOG RESOURCES INC | 3,226 | 3,591 |
| EQUATORIAL ENRGA S A ADR | 4,189 | 5,553 |
| EQUINIX INC | 47,592 | 78,560 |
| ERSTE GROUP BK SP ADR | 17,405 | 18,071 |
| ETSY INC COM | 3,174 | 14,411 |
| EURONET WORLDWIDE INC. | 53,055 | 103,183 |
| EXPEDITORS INTL WASH INC | 2,528 | 3,329 |
| EXPERIAN PLC ADR | 13,860 | 26,344 |
| EXPONENT INC | 11,299 | 14,675 |
| EXXON MOBIL CORP | 28,317 | 14,633 |
| F M C CORP COM NEW | 5,010 | 7,815 |
| FABRINET | 8,450 | 11,018 |
| FACEBOOK INC CLASS A | 72,529 | 121,829 |
| FANUC LTD-UNSP | 27,999 | 34,739 |
| FERRARI NV | 6,583 | 9,410 |
| FIDELITY 500 INDEX FUND | 839,014 | 1,218,352 |
| FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM | 57,604 | 74,271 |
| FIDELITY NATL INFO SVCS INC | 3,349 | 5,234 |
| FIDELITY NEW MARKETS INCOME | 172,138 | 171,708 |
| FIDELITY SELECT IT SERVICES PORTFOLIO | 315,219 | 595,650 |
| FIDELITY SELECT SOFTWARE & IT SRVC | 272,754 | 517,360 |
| FIFTH THIRD BANCORP | 25,408 | 36,034 |
| FIRST REP BK SAN FRANCISCO CAL | 19,424 | 65,384 |
| FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND | 250,000 | 254,000 |
| FLEXTRONICS INTL LTD | 3,118 | 6,239 |
| FLOOR & DECOR HLDGS INC COM CL A | 7,357 | 15,877 |
| FOMENTO ECNMCO MEX SPADR | 6,096 | 5,455 |
| FOOT LOCKER INC N.Y. COM | 5,620 | 6,106 |
| FORD MTR COMPANY | 94,850 | 87,900 |
| FOX FACTORY HLDG CORP COM | 11,074 | 16,068 |
| FROST TOTAL RETURN BOND INVESTOR | 175,882 | 174,639 |
| GARTNER INC COM | 20,490 | 26,752 |
| GENL DYNAMICS CORP COM | 87,178 | 81,702 |
| GENPACT LTD | 42,976 | 64,604 |
| GENTEX CORP | 1,048 | 1,561 |
| GENUINE PARTS CO | 38,376 | 38,465 |
| GLAXOSMITHKLINE PLC ADR | 4,508 | 4,379 |
| GLOBAL PMTS INC. | 43,548 | 67,857 |
| GLOBANT S A COM | 6,261 | 16,538 |
| GLOBE LIFE INC | 2,497 | 3,988 |
| GOLDMAN SACHS EMERGING MARKETS EQUITY INSTL CL | 480,742 | 698,035 |
| GOLDMAN SACHS GROUP INC | 5,578 | 8,702 |
| GOOSEHEAD INS INC COM CL A | 11,981 | 13,848 |
| GRAINGER WW INC | 24,984 | 53,084 |
| GUGGENHEIM MACRO OPPORTUNITIES CL P | 57,916 | 61,452 |
| HARLEY DAVIDSON INCORPORATED | 3,621 | 4,404 |
| HDFC BANK LTD ADR | 13,092 | 18,932 |
| HEALTHPEEK PROPERTIES INC | 13,500 | 11,336 |
| HEINEKEN N V ADR | 28,122 | 37,078 |
| HELEN OF TROY LTD ORD NEW | 6,836 | 10,665 |
| HELMERICH & PAYNE INC | 2,213 | 2,200 |
| HEWLETT PACKARD ENTERPRISE CO | 2,320 | 2,251 |
| HEXCEL CORP | 30,313 | 41,944 |
| HOLLYSYS AUTOMATION TECHNOLOGIES LTD | 4,430 | 3,526 |
| HOME DEPOT INC | 92,937 | 152,731 |
| HONG KONG EXCHANGES AND CLEARING LTD SHS | 6,399 | 10,017 |
| HOULIHAN LOKEY INC CL A | 7,271 | 8,269 |
| HOWMET AEROSPACE INC | 3,132 | 6,050 |
| HUMANA INC | 3,296 | 4,923 |
| HUNTINGTON INGALLS INDS INC | 40,544 | 35,971 |
| HUNTNGTN BANCSHS INC MD | 64,597 | 54,953 |
| HURON CONSULTING GROUP INC | 2,959 | 3,773 |
| ICICI BANK LTD SPD ADR | 10,937 | 16,509 |
| IDEX CORP | 2,820 | 9,562 |
| ILLINOIS TOOL WORKS INC | 37,293 | 52,193 |
| ILLUMINA INC COM | 22,629 | 23,680 |
| INFOSYS TECH LTD ADR | 7,657 | 15,306 |
| ING GP NV SPSD ADR | 32,563 | 29,453 |
| INGEVITY CORP SHS | 1,041 | 2,196 |
| INGREDION INC | 48,347 | 41,538 |
| INTEL CORP | 16,818 | 18,184 |
| INTERPUBLIC GROUP COMPANY INC | 53,979 | 60,235 |
| INTL GAME TECH PLC | 2,056 | 2,422 |
| INTUIT INC COM | 11,765 | 16,334 |
| INTUITIVE SURGICAL INC NEW | 21,624 | 23,725 |
| INVESCO OPPENHEIMER DEVELOPING MARKETS FUND CLASS R6 | 573,668 | 672,498 |
| INVESCO QQQ TR UNIT SER 1 | 462,169 | 817,920 |
| IQVIA HLDGS INC | 11,851 | 14,513 |
| ISHARES CORE U.S. AGGREGATE BOND | 249,915 | 271,837 |
| ISHARES RUSSELL 3000 ETF | 376,074 | 520,871 |
| ISHARES TIPS BOND ETF | 99,890 | 110,417 |
| JABIL CIRCUIT INC | 2,689 | 6,082 |
| JACOBS ENGR GROUP INC | 32,028 | 77,253 |
| JAZZ PHARMACEUTICALS PLC SHS | 3,176 | 3,796 |
| JD COM INC CL A ADR | 14,346 | 18,195 |
| JERONIMO MARTINS SGPS SA SHS | 6,136 | 6,057 |
| JOHCM INTERNATIONAL SELECT FUND CL I | 954,986 | 1,497,734 |
| JOHNSON & JOHNSON | 177,501 | 245,198 |
| JOHNSON CTLS INC | 13,900 | 15,934 |
| JP MORGAN CHASE & CO | 52,599 | 111,695 |
| JPMORGAN CORE BOND FUND | 777,613 | 833,410 |
| JPMORGAN SHORT DURAT BOND | 999,000 | 1,020,066 |
| KDDI CORP ADR | 25,907 | 27,573 |
| KEYCORP NEW | 10,368 | 9,518 |
| KEYSIGHT TECHNOLOGIES INC. | 21,710 | 89,425 |
| KIMBERLY CLARK CORP | 9,059 | 12,809 |
| KROGER CO | 46,417 | 57,422 |
| KUBOTA CORP DEP SHARES | 20,676 | 30,564 |
| LABORATORY CORP AMER HLDGS COM NEW | 46,892 | 71,039 |
| LANDSTAR SYS INC COM | 1,578 | 2,289 |
| LAUDER ESTEE COS INC CL A | 7,856 | 11,712 |
| LBRTY FORMULA ONE C | 20,702 | 24,367 |
| LEAR CORP SHS | 1,807 | 3,817 |
| LEIDOS HOLDINGS INC SHS | 3,523 | 4,836 |
| LENDINGTREE INC NEW COM | 7,312 | 5,476 |
| LILLY ELI & CO | 12,591 | 19,248 |
| LINDE PLC | 51,728 | 78,789 |
| LKQ CORPORATION | 47,068 | 62,410 |
| LOCALIZA RENT A CAR SA ADR | 3,888 | 7,946 |
| LOEWS CORP | 48,915 | 46,010 |
| LONGFOR GROUP HOLDINGS LTD ADR | 4,787 | 5,682 |
| LOWES COMPANIES INC | 46,579 | 82,502 |
| LULULEMON ATHLETICA INC | 9,267 | 10,093 |
| LUMENTUM HOLDINGS INC | 28,409 | 36,877 |
| LVMH MOET HENNESSY LOUIS | 10,755 | 36,047 |
| MAGNA INTL INC CL A VTG | 26,696 | 36,108 |
| MALIBU BOATS INC COM CL A | 6,612 | 7,992 |
| MANPOWERGROUP | 1,779 | 2,074 |
| MARATHON OIL CORP | 5,989 | 2,515 |
| MARSH & MCLENNAN COS INC COM | 36,715 | 57,330 |
| MARUI GROUP COMPANY ADR | 16,071 | 19,605 |
| MASCO CORP | 2,628 | 3,735 |
| MASTERCARD INC CL A | 47,728 | 78,884 |
| MATTHEWS ASIA GROWTH FUND INVESTOR CLASS | 531,583 | 757,452 |
| MCKESSON CORPORATION COM | 9,160 | 10,261 |
| MEDPACE HLDGS INC COM | 8,636 | 12,946 |
| MEDTRONIC INC | 176,079 | 230,297 |
| MERCADOLIBRE INC | 2,474 | 8,376 |
| MERCK & CO INC | 91,949 | 111,248 |
| MICROCHIP TECHNOLOGY INC | 26,088 | 47,372 |
| MICROSOFT CORP | 129,852 | 321,619 |
| MID-AMER APT CMNTYS INC REIT | 48,608 | 65,372 |
| MOBILE TELESYS PJSC ADR | 4,906 | 4,878 |
| MOHAWK INDS INC | 32,712 | 34,674 |
| MOLINA HEALTHCARE INC | 2,008 | 3,616 |
| MOMO ADR | 10,242 | 5,333 |
| MOODY'S CORP | 8,348 | 11,319 |
| MORGAN STANLEY COM NEW | 9,996 | 17,270 |
| MSCI INC | 16,215 | 28,578 |
| NASPERS LTD SPON ADR N SHS | 16,234 | 14,590 |
| NETEASE.COM INC ADR | 6,861 | 14,366 |
| NETFLIX COM INC | 6,015 | 9,192 |
| NETWK INT HOLD-UNSP | 6,789 | 6,641 |
| NEW ORIENTAL EDUCATIO ADR | 5,467 | 7,804 |
| NEW WORLD FUND CLASS F3 | 423,291 | 686,600 |
| NEXTERA ENERGY INC | 4,892 | 17,667 |
| NIDEC CORP SPONS ADR | 14,899 | 43,904 |
| NIKE | 25,331 | 51,637 |
| NOMAD FOODS LTD SHS | 3,177 | 3,788 |
| NORTHERN TRUST CORP | 17,806 | 23,471 |
| NOVARTIS ADR | 39,075 | 53,353 |
| NVIDIA CORP | 7,940 | 19,844 |
| OAKMARK INTERNATIONAL FUND INSTITUTIONAL CLASS | 242,201 | 408,143 |
| OMNICOM GROUP COM | 2,071 | 1,871 |
| ORACLE CORP. | 8,649 | 11,062 |
| OSHKOSH CORPORATION | 2,973 | 2,926 |
| OTSUKA HOLDINGS CO LTD SHS ADR | 20,498 | 22,030 |
| OWENS CORNING INC | 3,302 | 3,864 |
| PACCAR | 3,327 | 4,228 |
| PAGSEGURO DIGITAL LTD REG SHS CLA | 3,245 | 5,802 |
| PARSLEY ENERGY INC SHS CL A | 1,811 | 2,584 |
| PAYLOCITY HLDG CORP COM | 4,352 | 10,296 |
| PAYPAL | 31,656 | 74,241 |
| PEPSICO INC | 30,556 | 38,410 |
| PERFORMANCE TRUST STRATEGIC BOND FD | 104,800 | 106,276 |
| PFIZER INC | 63,478 | 63,792 |
| PHILIP MORRIS INT'L INC. | 76,843 | 64,411 |
| PHILLIPS 66 | 2,490 | 2,378 |
| PIMCO ETF TR ENHANCED SHORT MAT | 251,004 | 254,080 |
| PIMCO ETF TRUST TOTAL RETURN ACTIVE EXCH-TRADED FUND | 49,566 | 53,162 |
| PIMCO FOREIGN BOND US DOLLAR HEDGED A | 111,893 | 117,350 |
| PING AN INS GROUP CO CHINA LTD SPON ADR | 7,279 | 9,040 |
| PJSC LUKOIL SPONSORED ADR | 9,619 | 9,229 |
| PPG INDUSTRIES INC | 1,620 | 2,596 |
| PROCTER & GAMBLE COMPANY | 37,870 | 52,595 |
| PROGRESSIVE CORP OH | 17,730 | 23,830 |
| PROSUS NV | 3,062 | 4,013 |
| PT BANK CENT ASIA TBK SHS | 4,186 | 6,842 |
| PVH CORP | 44,097 | 41,969 |
| QORVO INC SHS | 3,122 | 12,304 |
| QUALCOMM INC. | 56,629 | 121,872 |
| QUALYS INC COM | 10,555 | 12,309 |
| RAYTHEON TECHS CORP | 44,826 | 48,555 |
| RECKITT BENCKISER GROUP PLC SHS SPONSORE ADR | 22,920 | 23,012 |
| REGENERON PHARMACEUTICALS INC | 25,850 | 26,571 |
| RENAISSANCERE HLDGS LTD | 6,125 | 7,130 |
| RENTOKIL INITIAL PLC ADR | 27,658 | 29,797 |
| REPUBLIC SVCS INCORPORATED | 41,423 | 96,300 |
| REVOLVE GROUP INC CLA | 8,077 | 13,839 |
| RIO TINTO PLC SPNSRD ADR | 7,988 | 10,305 |
| ROBERT HALF INTL INC | 1,594 | 2,562 |
| ROCHE HLDG LTD SPN ADR | 3,202 | 4,472 |
| ROPER INDUSTRIES INC. NEW | 12,690 | 42,247 |
| ROSS STORES INC. | 73,458 | 159,653 |
| ROYAL DUTCH SHELL PLC SPONS ADR A | 1,785 | 2,214 |
| SAFRAN S A SPONSORED ADR | 24,659 | 31,524 |
| SALESFORCE COM INC | 71,235 | 167,120 |
| SBERBANK SPONSORED ADR | 3,803 | 3,697 |
| SCHLUMBERGER LTD | 2,989 | 3,689 |
| SCHWAB CHARLES CORP NEW | 5,295 | 8,592 |
| SCIENCE APPLICATIONS INTL CORP | 7,061 | 8,044 |
| SEI INVESTMENTS | 62,625 | 82,757 |
| SENSATA TECHNOLOGIES HLDG NV | 21,139 | 27,056 |
| SERVICENOW INC | 64,835 | 177,238 |
| SHINHAN FINL GRP SP ADR | 8,570 | 5,744 |
| SIEMENS A G SPONS ADR | 11,582 | 13,927 |
| SIGNATURE BANK NEW YORK | 43,796 | 54,387 |
| SILICON MOTION TECH ADR | 3,897 | 4,526 |
| SIMULATIONS PLUS INCCOM | 11,229 | 11,220 |
| SK TELECOM ADR | 11,243 | 12,264 |
| SKYWORKS SOLUTIONS INC | 15,231 | 32,563 |
| SLM CORP | 43,947 | 59,831 |
| SMUCKER J M CO COM NEW | 68,588 | 70,863 |
| SNAP ON INC | 25,395 | 28,752 |
| SOMA OFFSHORE LTD INVESTMENT | 700,000 | 1,056,745 |
| SONY CORP ADR NEW | 22,385 | 48,629 |
| SOUTHERN COMPANY | 50,670 | 73,716 |
| SPIRIT AEROSYSTEMS HLDGS INC COM CL A | 6,997 | 4,378 |
| SQUARE INC SHS CL A | 10,422 | 13,494 |
| SS AND C TECHNOLOGIES HOLDINGS INC | 4,323 | 5,965 |
| STANLEY BLACK & DECKER INC | 65,919 | 86,244 |
| STARBUCKS CORP | 62,278 | 98,422 |
| STATE STREET CORP | 61,059 | 54,949 |
| STRYKER CORP | 2,778 | 3,921 |
| SUNNY OPTICAL TECH-UNSP ADR | 4,132 | 6,719 |
| SYMRISE AG ADR | 17,910 | 28,109 |
| SYNCHRONY FINANCIAL | 3,475 | 3,853 |
| SYSCO CORP | 32,155 | 52,353 |
| T ROWE PRICE SMALL CAP VALUE FUND CLASS I | 462,350 | 594,560 |
| T-MOBILE US INC SHS | 6,289 | 8,091 |
| TAIWAN S MANUFCTRING ADR | 21,831 | 60,299 |
| TARGET CORP. | 8,270 | 16,594 |
| TCF FINANCIAL CORPORATION NEW | 70,164 | 55,530 |
| TE CONNECTIVITY LTD | 12,638 | 17,071 |
| TENCENT HLDGS LTD ADR | 30,976 | 43,925 |
| TESLA INC | 6,349 | 10,585 |
| TEXAS INSTRUMENTS INC | 8,166 | 9,684 |
| TEXTRON INC | 2,469 | 4,301 |
| THE MOSAIC COMPANY | 3,663 | 3,175 |
| TOTAL S.A. SP ADR | 23,696 | 20,368 |
| TRANSCANADA CORP | 8,263 | 10,617 |
| TRAVEL + LEISURE CO. | 1,993 | 1,929 |
| TRAVELERS COMPANIES INC | 8,094 | 13,195 |
| TREX INC COM | 4,518 | 12,391 |
| TRINSEO S.A. REG.SHS | 2,514 | 1,741 |
| TRIP.COM GROUP LTD SPONSORE ADR | 5,233 | 5,869 |
| TRUIST FINL CORP | 18,825 | 21,041 |
| TSINGTAO BREW SP ADR H | 4,365 | 6,622 |
| TWILIO INC CL A | 10,450 | 11,170 |
| UBER TECHNOLOGIES INC | 13,040 | 13,923 |
| UBS AG REG | 21,936 | 20,856 |
| UGI CORP NEW | 51,147 | 39,680 |
| ULTA BEAUTY INC | 2,006 | 2,584 |
| UNDER ARMOUR INCORPORATED CLASS A | 42,578 | 34,340 |
| UNILEVER PLC NEW ADR | 79,664 | 92,472 |
| UNION PACIFIC CORP | 104,709 | 180,943 |
| UNITED PARCEL SERVICE INCORPORATED CLASS B | 13,206 | 15,830 |
| UNITEDHEALTH GROUP INC | 136,687 | 258,451 |
| UNIVERSAL HLTH SVCS INC CL B | 36,215 | 45,787 |
| US BANCORP | 54,876 | 63,642 |
| VALVOLINE INC SHS | 1,693 | 2,777 |
| VANECK VECTORS ETF TR GOLD MINERS ETF | 156,709 | 258,984 |
| VANGUARD CHARLOTTE TOTAL INTL BD INDEX FD ETF | 49,837 | 52,988 |
| VANGUARD MEGA CAP GROWTH ETF | 249,942 | 392,015 |
| VANGUARD SECTOR INDEX FDS VANGUARD INFORMATION TECHNOLOGY VIPERS | 382,087 | 656,280 |
| VANGUARD SHORT-TERM INV-GRADE FD ADMIRAL SHS | 400,000 | 400,727 |
| VANGUARD ULTRA-SHORT-TERM BOND FUND ADMIRAL | 794,461 | 794,431 |
| VEEVA SYS INC CL A | 4,962 | 8,440 |
| VENTAS INC | 37,554 | 49,334 |
| VIRTU FINANCIAL INC A | 30,148 | 33,250 |
| VIRTUS KAR SMALL-CAP GROWTH FUND | 136,510 | 205,826 |
| VISA INC CLASS A | 82,326 | 140,425 |
| VISTRA ENERGY CORP | 58,670 | 53,338 |
| WABTEC | 16,132 | 16,616 |
| WAL-MART DE MEX SPNADR V SA DE CV | 5,941 | 6,754 |
| WAL-MART STORES INC | 79,214 | 160,728 |
| WALGREENS BOOTS ALLIANCE | 17,157 | 10,329 |
| WASTE MANAGEMENT INC | 46,710 | 45,993 |
| WD 40 CO COM | 9,075 | 13,018 |
| WELLS FARGO & CO NEW DEL | 9,382 | 5,463 |
| WELLTOWER INC | 12,067 | 12,342 |
| WESCO INTERNATIONAL INC | 3,982 | 5,730 |
| WESTERN ASSET INCOME FUND | 461,641 | 489,978 |
| WEYERHAEUSER COMPANY REIT | 36,893 | 38,090 |
| WHIRLPOOL CORP | 2,174 | 3,971 |
| WHITE MTNS INS GRP LTD | 38,089 | 45,030 |
| WINGSTOP INC COM | 9,515 | 14,448 |
| WISDOMTREE TR INTL EQUITY FD | 610,450 | 628,268 |
| WIX COM LTD | 6,448 | 9,748 |
| WORKDAY INC CL A | 7,890 | 10,064 |
| WORLD FUEL SERVICES CRP | 1,376 | 1,994 |
| WSTN DIGITAL CORP | 1,117 | 1,551 |
| WYNDHAM HOTELS AND RESORTS INC REG | 2,010 | 2,259 |
| XILINX INC | 27,815 | 37,711 |
| XP INC | 4,941 | 5,157 |
| YANDEX N V CL A | 4,969 | 11,272 |
| YDUZS PARTICIPACOES | 9,298 | 8,995 |
| YETI HLDGS INC COM | 4,498 | 12,530 |
| YUM CHINA HOLDINGS INC SHS | 4,702 | 5,252 |
| ZIMMER BIOMET HLDGS INC | 26,321 | 44,840 |
| ZOETIS INC CL A | 33,863 | 63,221 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WEATHERVANE - ROOM 10 | 55,739 | 0 | 55,739 | 55,739 |
| COOK HOLDINGS - FURNITURE & COMPUTERS | 47,667 | 0 | 47,667 | 47,667 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| HEDGE FUND INVESTMENT (ERB) | AT COST | 504,546 | 443,238 |
| HEDGE FUND INVESTMENT (HMF) | AT COST | 1,176,848 | 1,970,357 |
| HEDGE FUND INVESTMENT (IMS) | AT COST | 864,660 | 1,035,703 |
| HEDGE FUND INVESTMENT (NBSO) | AT COST | 453,275 | 561,092 |
| HEDGE FUND INVESTMENT (PA) | AT COST | 350,619 | 329,275 |
| HEDGE FUND INVESTMENT (TTEM) | AT COST | 1,022,493 | 1,070,392 |
| JNL ANNUITY | AT COST | 2,123,539 | 2,240,000 |
| PRIVATE EQUITY INVESTMENT (20MBCLP-CL A) | AT COST | 79,800 | 59,049 |
| PRIVATE EQUITY INVESTMENT (20MBCLP-CL B) | AT COST | 148,200 | 108,257 |
| PRIVATE EQUITY INVESTMENT (AEV/HO/LMI II) | AT COST | 9,518 | 0 |
| PRIVATE EQUITY INVESTMENT (BPOF II/BSCP I) | AT COST | 67,343 | 242,062 |
| PRIVATE EQUITY INVESTMENT (MSDC) | AT COST | 503,993 | 250,000 |
| PRIVATE EQUITY INVESTMENT (PE/PEI) | AT COST | 1,546,497 | 2,242,106 |
| PRIVATE EQUITY INVESTMENT (SBC) | AT COST | 14,845 | 0 |
| PRIVATE EQUITY INVESTMENT (TV) | AT COST | 108,116 | 0 |
| PRIVATE EQUITY INVESTMENT (WMB) | AT COST | 485,188 | 350,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 8,626 | 2,697 | 5,376 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| FUNDS RECEIVABLE | 1,082,240 | 85,078 | 85,078 |
| ARTWORK AND GUN COLLECTIONS | 61,850 | 61,850 | 61,850 |
| HCM SIDE-POCKET INVESTMENT | 160,229 | 162,999 | 158,998 |
| FEDERAL EXCISE AND INCOME TAXES RECEIVABLE | 32,751 | 14,648 | 14,648 |
| PREPAID EXPENSES | 1,406 | 394 | 394 |
| Description | Amount |
|---|---|
| BOOK/TAX DIFFERENCES | 77,426 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 4,920 | 3,198 | 1,721 | |
| LICENSES | 20 | 13 | 7 | |
| POSTAGE | 452 | 294 | 163 | |
| INSURANCE | 4,014 | 2,610 | 1,404 | |
| OFFICE SUPPLIES | 2,255 | 1,466 | 871 | |
| OUTSIDE SERVICE | 5,804 | 3,773 | 2,032 | |
| VEHICLE EXPENSE | 620 | 403 | 244 | |
| MISCELLANEOUS | 189 | 115 | 409 | |
| PORTFOLIO DEDUCTIONS FROM K-1'S | 27,129 | 27,129 | 0 | |
| CREDIT CARD FEES | 182 | 0 | 0 | |
| ASSOCIATION DUES | 3,339 | 0 | 0 | |
| REPAIRS | 350 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM K-1 (BMA) | -838 | 0 | -838 |
| FROM K-1 (SBC) | -282 | 0 | -282 |
| FROM K-1 (TV) | -76 | 0 | -76 |
| FROM K-1 (20MBC-A) | 1,235 | 0 | 1,235 |
| FROM K-1 (20MBC-B) | 363 | 0 | 363 |
| FROM K-1 (BSCF) | 3,587 | -506 | 3,587 |
| FROM K-1 (MSDC) | -10,132 | 0 | -10,132 |
| FROM K-1 (WMB) | -28,272 | 0 | -28,272 |
| FROM K-1 (PELP) | -1,057 | -714 | -1,057 |
| CH - OTHER INCOME | 18,385 | 0 | 18,385 |
| FROM K-1 (ERBOF) | -647 | -658 | -647 |
| FROM K-1 (PEGCOP) | 43,223 | 42,030 | 43,223 |
| FROM K-1 (LMI) | -27 | 0 | -27 |
| ORDINARY INCOME FROM LIFE INSURANCE | 123,539 | 123,539 | 123,539 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED EXPENSES | 50,581 | 45,401 |
| ACCRUED PAYROLL LIABILITIES | 5,513 | 0 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT PRZYBYSZ | NONE | 430,000 | 1,000 | 2007-11 | MONTHLY | 1000.0000000000 % | PERSONAL GUARANTEE | BUSINESS LOAN | 0 | ||
| BETHESDA FARM NOTE | NONE | 50,000 | 20,000 | 2016-09 | 2021-01 | ANNUALLY | 150.0000000000 % | MORTGAGE | BUSINESS LOAN | 0 | |
| JIM VANDENBERG NOTE | NONE | 900,000 | 544,738 | 2016-09 | 2026-09 | MONTHLY | 300.0000000000 % | INVESTMENT INTEREST | SALE OF INVESTMENT | 0 | |
| ICCF HOMES LLC | NONE | 250,000 | 100,000 | 2017-11 | 2024-12 | ANNUALLY | 185.0000000000 % | MORTGAGE | BUSINESS LOAN | 0 | |
| ICCF HOMES LLC | NONE | 200,000 | 182,640 | 2017-11 | 2024-11 | MONTHLY | 300.0000000000 % | MORTGAGE | BUSINESS LOAN | 0 | |
| CIRIUS THERAPETUICS INC | NONE | 4,097 | 4,097 | 2020-09 | 2021-06 | ANNUALLY | 600.0000000000 % | INVESTMENT NOTE | BUSINESS LOAN | 0 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
OTHER RECEIVABLES |
144,521 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 169,517 | 169,517 | 0 | |
| MANAGEMENT FEES | 6,262 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES (FROM DIVIDENDS) | 17,641 | 17,641 | 0 | |
| EXCISE TAX | 10,000 | 0 | 0 | |
| FEDERAL CORPORATE TAX | 5,000 | 0 | 0 | |
| STATE CORPORATE TAX | 165 | 0 | 0 | |
| PROPERTY TAXES | 1,139 | 0 | 0 |