| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABS - 0.000% - 11/30/2 | 30,378 | 30,341 |
| ABBVIE INC NOTE - 3.750% - 11/ | 30,234 | 30,517 |
| AMERICAN EXPRESS - 3.700% - 11 | 10,342 | 10,256 |
| AMERICAN EXPRESS CO - 2.500% - | 6,339 | 6,401 |
| ASSOCIATED BANC CORP PFD E - 5 | 618 | 610 |
| BAT CAP CORP - 3.557% - 08/15/ | 30,819 | 33,404 |
| CIGNA CORP - 2.400% - 03/15/20 | 30,269 | 31,987 |
| CIGNA CORPORATION - 3.250% - 0 | 31,519 | 32,717 |
| CITI GROUP - 0.050% - 08/01/20 | 20,375 | 21,850 |
| GOLDMAN SACHS GROUP INC NOTE - | 30,435 | 30,243 |
| INTEL CORP - 2.450% - 11/15/20 | 29,590 | 30,373 |
| MITSUBISHI UFJ FINL GROUP INC | 4,096 | 4,073 |
| MORGAN STANLEY - 3.125% - 01/2 | 31,133 | 31,661 |
| NEXTERA ENERGY - 3.550% - 05/0 | 30,696 | 31,881 |
| ORACLE CORP NOTE CALL MAKE WHO | 12,999 | 12,897 |
| PACIFIC GAS &ELEC CO - 2.100% | 19,935 | 20,352 |
| THERMO FISHER SCIENTIFIC INC - | 31,380 | 31,854 |
| UNION PACIFIC CORP - 3.700% - | 31,296 | 32,480 |
| UNITED PARCEL SERVICE - 2.500% | 31,301 | 31,408 |
| UNITED RENTALS - 5.500% - 05/1 | 43,089 | 44,940 |
| WELLS FARGO & CO - 3.000% - 10 | 4,406 | 4,432 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACCENTURE PLC | 13,734 | 20,636 |
| ADOBE SYSTEMS, INC | 14,634 | 22,005 |
| AFFIL MANAGERS GR PFD STOCK - | 250 | 250 |
| AFFILIATED MANAGERS GROUP INC | 572 | 580 |
| AIG-PA | 1,595 | 1,606 |
| ALABAMA POWER CO PFD CL A - 5. | 510 | 503 |
| ALGONQUIN PWR &UTILITY PFD - 0 | 284 | 281 |
| ALLIANCEBERNSTEIN LIMITED DUR | 94,491 | 101,905 |
| ALLIANCEBERNSTEIN SELECT US LO | 54,299 | 57,490 |
| ALLSTATE CORP 4.75% PFD SR I | 817 | 827 |
| ALLSTATE CORP DEP 1/1000 PFD G | 1,542 | 1,560 |
| ALLSTATE PFD SER H | 1,100 | 1,118 |
| ALPHABET INC CL A | 38,367 | 52,579 |
| AMAZON COM | 39,514 | 61,882 |
| AMERICAN FINANCIAL GROUP C | 552 | 555 |
| AMERICAN TOWER REIT INC | 18,117 | 17,283 |
| AMERIPRISE FINANCIAL INC | 11,046 | 17,490 |
| APPLE INC | 34,347 | 44,451 |
| ARCH CAP GROUP LTD NON CUM DEP | 1,214 | 1,193 |
| ARCH CAPITAL GROUP LTD PFD - 5 | 1,274 | 1,272 |
| ASSOC BANC CORP WISC 5.625% PF | 285 | 286 |
| ASSOCIATED BANC-CORP SERIES D | 235 | 234 |
| AT & T INC 5.000% PFD SER A | 1,640 | 1,628 |
| AT&T DEPO SHA REP 1000 PREFERR | 1,653 | 1,686 |
| BAC CAPITAL PFD 6.20% | 691 | 675 |
| BANK AMER DS PFD SER KK | 801 | 792 |
| BANK OF AMERICA CORP 6.00% PRE | 698 | 684 |
| BANK OF AMERICA CORP PFD | 470 | 468 |
| BANK OF AMERICA CORP. 4.375% P | 827 | 850 |
| BANK OF AMERICA CORPORATION DE | 1,108 | 1,118 |
| BERKLEY W R CORP - 5.100% - 12 | 274 | 269 |
| BLACKROCK EVENT DRIVEN EQUITY | 48,615 | 50,044 |
| BLACKROCK MULTI-ASSET INCOME I | 79,162 | 84,391 |
| BLACKROCK STRAT INC OPP PORTFO | 120,315 | 126,440 |
| CAPITAL ONE FINCL CORP 5.000% | 2,006 | 2,074 |
| CAPITAL ONE FINL DS REPRESENTI | 776 | 806 |
| CAPITAL ONE FNCL SRS G PFD 5.2 | 287 | 292 |
| CHARLES SCHWAB CORP PFD STK SE | 1,094 | 1,093 |
| CHARLES SCHWAB SER D PFD | 522 | 521 |
| CITIGROUP CAP TR IX PFD - 6.00 | 260 | 256 |
| CITIGROUP INC PFD SER D - 6.87 | 1,761 | 1,780 |
| CITIGROUP INC PFD SER J - 7.12 | 948 | 939 |
| CITIZENS FINANCIAL GROUP INC P | 1,023 | 1,067 |
| CITIZENS FINANCIAL GROUP INC P | 1,322 | 1,363 |
| CMS ENERGY PFD STK - 5.625% | 495 | 485 |
| COMCAST CORP | 11,155 | 15,772 |
| COSTCO WHOLESALE CORPORATION | 6,420 | 7,912 |
| CULLEN FROST BANKERS INC B | 551 | 569 |
| DANAHER CORP | 9,816 | 14,439 |
| DIGITAL REALTY PFD SER L | 549 | 546 |
| DIGNITY PLC | 214 | 214 |
| DOLLAR GENERAL CORP | 11,157 | 12,197 |
| DOMINION RES SRS A 5.250% - 07 | 2,301 | 2,330 |
| DTE ENERGY COMPANY JUNIOR SUB | 541 | 543 |
| DTE ENERGY PFD SHARES - 5.25% | 490 | 490 |
| DUKE ENERGY CORP NEWJR SB DB - | 255 | 253 |
| DUKE ENERGY DRC | 538 | 542 |
| ENBRIDGE INC PFD 6.375% | 1,426 | 1,453 |
| ENTERGY ARK INC 1M BD PFD - 4. | 468 | 474 |
| ENTERGY CORP NEW ORLEANS - 5.5 | 261 | 256 |
| ENTERGY LA LLC PFD - 4.875% - | 475 | 469 |
| ENTERGY MISSISSIPPI INC PFD - | 717 | 727 |
| EQUITABLE HOLDINGS INC PFD SER | 244 | 240 |
| ESTEE LAUDER COMPANIES INC | 4,867 | 7,187 |
| FACEBOOK INC | 27,980 | 42,340 |
| FIDELITY NATIONAL INFORMATION | 17,229 | 18,390 |
| FIFTH THIRD BANC | 1,427 | 1,414 |
| FIRST REP BK SAN FRAN NEW DS R | 283 | 291 |
| FIRST REPUBLIC BANK - 5.125% S | 397 | 405 |
| FIRST REPUBLIC BANK PFD SER I | 806 | 803 |
| FIRST REPUBLIC BANK PFD SER J | 535 | 530 |
| FITB - 6.625% - PFD SER 1 | 838 | 844 |
| GATX CORP PREFERRED - 5.625% - | 206 | 212 |
| GEORGIA PWR CO 5.00% 10/1/2077 | 712 | 742 |
| GOLDMAN SACHS GP PFD - 6.375% | 770 | 789 |
| GOLDMAN SACHS GROUP PFD SER J | 2,131 | 2,159 |
| GOLDMAN SACHS PFD SER D - 4.00 | 1,555 | 1,615 |
| HARTFORD FINL SVCS GRP PFD - 7 | 994 | 994 |
| HARTFORD FINL SVCS GRP PFD G - | 660 | 667 |
| HOME DEPOT INC | 10,998 | 13,281 |
| HONEYWELL INTL | 10,322 | 14,676 |
| INTERCONTINENTAL EXCHANGE, INC | 8,920 | 11,529 |
| INVESCO OPPENHEIMER DEVELOPING | 33,932 | 44,186 |
| ISHARE SP SMALL CAP 600 INDEX | 14,140 | 21,872 |
| ISHARES MSCI USA MIN VOLATILIT | 96,060 | 102,974 |
| ISHARES TRUST RUSSELL 1000 VAL | 100,791 | 105,556 |
| JOHCM INTL SELECT FUND CL I | 59,043 | 80,917 |
| JP MORGAN CHASE & CO PFD SER D | 781 | 787 |
| JP MORGAN CHASE PFD SER GG | 807 | 831 |
| JPMORGAN CHASE & CO 6.00% PFD | 1,621 | 1,623 |
| JPMORGAN GLOBAL BOND OPPORTUNI | 108,012 | 111,397 |
| JPMORGAN HEDGED EQUITY SELECT | 70,117 | 78,018 |
| JPMORGAN INCOME FUND CL I | 96,919 | 100,921 |
| KEYCORP 6.125% DEP PFD SERIES | 1,897 | 1,785 |
| KEYCORP DEPOSITORY SHARES | 526 | 528 |
| KEYCORP PFD SER G DRC | 873 | 865 |
| KIMCO REALTY CORP PFD SER M - | 587 | 585 |
| KIMCO REALTY DEP SH REPSTG PFD | 583 | 578 |
| LOWES COMPANIES INC | 9,479 | 14,446 |
| MEDTRONIC PLC | 17,267 | 19,562 |
| METLIFE INC 5.62500% PFD | 1,997 | 2,035 |
| METLIFE INC PFD SER F | 1,657 | 1,659 |
| MICROSOFT CORP | 51,250 | 68,061 |
| MONDELEZ INTERNATIONAL INC | 8,858 | 10,174 |
| MORGAN STANLEY - 6.375% PFD CL | 432 | 431 |
| MORGAN STANLEY 4.875% PFD SER | 548 | 533 |
| MORGAN STANLEY PFD K | 844 | 837 |
| MORGAN STANLEY PFD SER A | 618 | 624 |
| MORGAN STANLEY PFD SER E - 7.1 | 1,522 | 1,529 |
| MORGAN STANLEY PFD SER F - 6.8 | 484 | 485 |
| NATIONAL RETAIL PROP INC PFD S | 446 | 438 |
| NATIONAL RURAL UTIL - 5.50% - | 276 | 293 |
| NEW YORK CMNTY BANCORP CUML SE | 1,443 | 1,433 |
| NEXTERA ENERGY CAP HLDS 5.25% | 909 | 921 |
| NEXTERA ENERGY PFD - 5.650% - | 534 | 540 |
| NORTHERN TRUST CORP NON-CUM SE | 574 | 571 |
| O'REILLY AUTOMOTIVE INC | 12,616 | 14,935 |
| OAKMARK INTERNATIONAL FUND CL | 77,821 | 88,435 |
| PARKER HANNIFIN CP | 11,166 | 16,889 |
| PEOPLES UNITED FINANCIAL INC | 1,012 | 1,008 |
| PNC FINANCIAL SERVICES PFD SER | 3,369 | 3,348 |
| PRINCIPAL FDS INC SMALL MIDCAP | 15,738 | 21,132 |
| PRINCIPAL GLOBAL DVRSFD INC FD | 82,054 | 85,566 |
| PROSHARES S&P 500 DIVIDEND ARI | 92,133 | 101,927 |
| PRUDENTIAL FINANCIAL INC PFD - | 250 | 257 |
| PRUDENTIAL FINL INC PFD DUE 09 | 814 | 847 |
| PS BUSINESS PARKS INC | 477 | 470 |
| PS BUSINESS PARKS INC 4.875 PR | 544 | 548 |
| PS BUSINESS PARKS INC PFD SER | 507 | 496 |
| PUBLIC STORAGE DEP | 269 | 271 |
| PUBLIC STORAGE PFD 5.15% SER F | 480 | 481 |
| PUBLIC STORAGE PFD G 5.05% 12/ | 404 | 410 |
| PUBLIC STORAGE PRFD 'E' | 520 | 523 |
| PUBLIC STORAGE PRFD 'H' | 259 | 259 |
| REGIONS FINANCIAL | 827 | 835 |
| REGIONS FINANCIAL CORP NEW MON | 689 | 675 |
| REINHART MID CAP FUND ADV | 16,357 | 21,616 |
| RENAISSANCERE HLDGS PFD SER F | 778 | 796 |
| ROCKWELL AUTOMATION INC | 5,050 | 6,772 |
| SALESFORCE.COM | 13,846 | 16,022 |
| SHERWIN-WILLIAMS CO | 9,499 | 12,493 |
| SOUTHERN CO GAS CAPITAL PFD - | 496 | 510 |
| SOUTHERN CO JR 2017 NY 77 5.25 | 244 | 246 |
| STATE STREET 5.35% - CLASS B | 822 | 811 |
| STATE STREET CORP NEW MONEY PF | 949 | 935 |
| STIFEL FINL CORP 6.125 PFD C | 544 | 562 |
| STIFEL FINL CORP SER B 5.200% | 236 | 236 |
| SVB FINL GROUP PFD SER A | 544 | 538 |
| SYNOVUS FINANCIAL CORP PFD 5.8 | 784 | 778 |
| THE HARTFORD MIDCAP FUND CLASS | 17,256 | 22,266 |
| THERMO FISHER SCIENTIFIC INC | 16,843 | 23,289 |
| TJX COMPANIES INC | 16,176 | 20,897 |
| TRUIST FIN PFD SER R | 1,122 | 1,162 |
| TRUIST FINANCIAL CORP PFD SER | 834 | 835 |
| TRUIST FINANCIAL PFD SER H | 671 | 676 |
| UNITEDHEALTH GROUP INC | 26,630 | 34,016 |
| US BANCORP DEL REPSTG 1 1000TH | 542 | 546 |
| US BANCORP DEL SER K PFD - 5.5 | 533 | 541 |
| US BANCORP PFD SER B - FLOAT % | 1,068 | 1,115 |
| US BANCORP PFD STK - 6.500% | 2,226 | 2,213 |
| VISA INC | 24,221 | 29,091 |
| VORNADO REALTY TR PFD M | 486 | 501 |
| VORNADO RLTY TRUST 5.250% PFD | 658 | 694 |
| VOYA FINL INC SER B 5.35 | 1,705 | 1,643 |
| WCM FOCUSED EMERGING MARKETS | 29,561 | 44,635 |
| WCM FOCUSED INTL GROWTH FUNDS | 56,632 | 80,579 |
| WEBSTER FINL CORP PFD STK SER | 956 | 968 |
| WELLS FARGO & CO 5.500% PFD | 443 | 446 |
| WELLS FARGO COMPANY PREFERRED | 797 | 819 |
| WELLS FARGO PFD NON-CUM - 5.85 | 979 | 993 |
| WELLS FARGO PFD SER R - 6.625% | 1,604 | 1,642 |
| WELLS FARGO PREF Y | 720 | 722 |
| WR BERKLEY CORP 4.250% DUE 09/ | 287 | 289 |
| WR BERKLEY CORP PFD C | 180 | 179 |
| WR BERKLEY CORP PFD D | 898 | 897 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 14,788 | 14,788 | ||
| Administrative Set-Up Fee | 5,400 | 5,400 | ||
| Delaware Incorporation Fees | 500 | 500 | ||
| IRS Application Fees | 600 | 600 | ||
| Postage/Delivery Service | 40 | 40 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 15,493 | 15,493 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2020 | 1,700 | |||
| 990-PF Excise Tax for 2019 | 1 | |||
| 990-PF Extension for 2019 | 253 |