| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Murphy, Whalen & Broussard, L.L.C. | 25,600 | 12,800 | 0 | 12,800 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Berkshire Hathaway 3.400% Due 11/2022 | 10,340 | 10,340 |
| Pepsico Inc 3.60% Due 03/01/2024 | 10,912 | 10,912 |
| Wal Mart Stores 3.30% Due 04/22/2024 | 10,899 | 10,899 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 2U, Inc (TWOU) | 16,164 | 16,164 |
| Abbott Laboratories (ABT) | 57,044 | 57,044 |
| Abbvie, Inc. (ABBV) | 17,787 | 17,787 |
| Adidas AG (ADDYY) | 7,320 | 7,320 |
| Adobe Sys, Inc (ADBE) | 77,018 | 77,018 |
| Aercap Holdings (AER) | 4,057 | 4,057 |
| Aflac, Inc (AFL) | 26,415 | 26,415 |
| AIA Group Ltd (AAGIY) | 10,366 | 10,366 |
| Air Liquide (AIQUY) | 7,926 | 7,926 |
| Air Products and Chemicals Inc (APD) | 19,945 | 19,945 |
| Alexion Pharmaceuticals Inc | 15,312 | 15,312 |
| Alarm Com Holds, Inc (ALRM) | 57,415 | 57,415 |
| Alibaba Group Holding Ltd (BABA) | 18,386 | 18,386 |
| Alphabet, Inc (GOOG) Cl C | 87,594 | 87,594 |
| Altria Group, Inc. (MO) | 24,067 | 24,067 |
| Amazon, Inc (AMZN) | 309,409 | 309,409 |
| Amedisys, Inc (AMED) | 35,200 | 35,200 |
| Amerisourcebergen Corp (ABC) | 36,073 | 36,073 |
| Amgen, Inc (AMGN) | 47,364 | 47,364 |
| AMN Healthcare Svcs, Inc (AMN) | 27,300 | 27,300 |
| AON PLC (AON) | 10,564 | 10,564 |
| Apple, Inc (AAPL) | 181,520 | 181,520 |
| Arkema (ARKAY) | 6,029 | 6,029 |
| ASML Holding (ASML) | 14,632 | 14,632 |
| Astazeneca PLC (AZN) | 26,195 | 26,195 |
| Automatic Data Processing Inc (ADP) | 68,894 | 68,894 |
| Barratt Devs (BTDPY) | 4,742 | 4,742 |
| Bio-Techne Corp (TECH) | 33,660 | 33,660 |
| Blackline, Inc (BL) | 61,622 | 61,622 |
| Blackrock, Inc (BLK) | 54,837 | 54,837 |
| Brenntag (BNTGY) | 11,205 | 11,205 |
| Bridgestone Corp (BRDCY) | 8,331 | 8,331 |
| Broadcom, Inc (AVGO) | 19,703 | 19,703 |
| Bunzl (BZLFY) | 16,728 | 16,728 |
| Calavo Growers Inc (CVGW) | 11,595 | 11,595 |
| Carvana Co (CVNA) | 16,768 | 16,768 |
| Cass Information Sys, Inc (CASS) | 5,837 | 5,837 |
| Check Point Software Tech (CHKP) | 17,278 | 17,278 |
| Chewy Inc (CHWY) | 16,899 | 16,899 |
| Chemed Corp (CHE) | 30,891 | 30,891 |
| Chevron Corp (CVX) | 50,754 | 50,754 |
| Chipotle Mexican Grill, Inc (CMG) | 22,187 | 22,187 |
| Cisco Systems Inc (CSCO) | 57,281 | 57,281 |
| Coca Cola Co (KO) | 48,149 | 48,149 |
| Comcast Corp (CMCSA) | 32,697 | 32,697 |
| Conagra Brands, Inc (CAG) | 34,411 | 34,411 |
| Crowdstrike Hldgs Inc (CRWD) | 17,369 | 17,369 |
| Costco Wholesale Corp (COST) | 20,346 | 20,346 |
| Coupa Software, Inc (COUP) | 15,590 | 15,590 |
| CRH, Plc (CRH) | 19,502 | 19,502 |
| Crown Castle Intl Corp (CCI) | 17,829 | 17,829 |
| CVS Health Corp (CVS) | 40,502 | 40,502 |
| Daikin Inds Ltd (DKILY) | 9,624 | 9,624 |
| Danaher Corp (DHR) | 47,094 | 47,094 |
| DBS Group Hldgs Ltd (DBSDY) | 8,518 | 8,518 |
| Descartes Sys Group Inc (DSGX) | 20,117 | 20,117 |
| Deutsche Boerse (DBOEY) | 4,546 | 4,546 |
| Dexcom, Inc (DXCM) | 12,201 | 12,201 |
| Diageo (DEO) | 9,052 | 9,052 |
| Dollar General Corp (DG) | 62,039 | 62,039 |
| Dorman Products Inc (DORM) | 11,113 | 11,113 |
| Eaton Corp (ETN) | 7,329 | 7,329 |
| Enbridge Inc (ENB) | 2,975 | 2,975 |
| Eli Lilly & Co | 12,325 | 12,325 |
| Ensign Group Inc (ENSG) | 35,075 | 35,075 |
| Estee Lauder Companies Inc | 21,828 | 21,828 |
| Eversource Energy (ES) | 2,595 | 2,595 |
| Exact Sciences Corp (EXAS) | 18,151 | 18,151 |
| Exlservice Com Inc (EXLS) | 15,323 | 15,323 |
| Exponet, Inc (EXPO) | 24,938 | 24,938 |
| Farfetch LTD (FTCH) | 56,472 | 56,472 |
| Facebook Inc (FB) | 61,188 | 61,188 |
| Ferguson (FERGY) | 12,788 | 12,788 |
| Five Below, Inc (FIVE) | 51,619 | 51,619 |
| Five9, Inc (FIVN) | 48,309 | 48,309 |
| Fleetcor Technologies Inc (FLT) | 11,732 | 11,732 |
| Floor and Decor Hldgs, Inc (FND) | 35,190 | 35,190 |
| Freshpet, Inc (FRPT) | 34,930 | 34,930 |
| GDR ASSA Abloy (ASAZY) | 13,149 | 13,149 |
| Gentex Corp (GNTX) | 24,124 | 24,124 |
| Givaudan SA (GVDNY) | 4,328 | 4,328 |
| Global Pmts, Inc (GPN) | 79,490 | 79,490 |
| Globant SA (GLOB) | 67,024 | 67,024 |
| Grainger W.W., Inc (GWW) | 37,159 | 37,159 |
| Grand Canyon ED, Inc (LOPE) | 29,050 | 29,050 |
| Guardant Health Inc (GH) | 5,284 | 5,284 |
| HDFC Bk Ltd (HDB) | 10,333 | 10,333 |
| Healthcare Svcs Group Inc (HCSG) | 25,740 | 25,740 |
| Heineken (HEINY) | 15,188 | 15,188 |
| Heska Corp (HSKA) | 21,265 | 21,265 |
| Home Depot, Inc (HD) | 78,091 | 78,091 |
| Honeywell Intl, Inc (HON) | 63,597 | 63,597 |
| Hoya Corp (HOCPY) | 12,769 | 12,769 |
| Illinois Tool Wks, Inc. (ITW) | 10,194 | 10,194 |
| Infineon Technologies (IFNNY) | 9,252 | 9,252 |
| Inogen, Inc (INGN) | 6,076 | 6,076 |
| Inovalon Hodgs, Inc. (INOV) | 14,245 | 14,245 |
| Intuitive Surgical, Inc (ISRG) | 8,999 | 8,999 |
| Johnson & Johnson (JNJ) | 96,160 | 96,160 |
| JP Morgan Chase & Co (JPM) | 67,220 | 67,220 |
| Julius Baer Group (JBAXY) | 7,884 | 7,884 |
| KAO Corp (KAOOY) | 4,030 | 4,030 |
| KBC Group NV (KBCSY) | 8,199 | 8,199 |
| Kering S A ADR (PPRUY) | 11,375 | 11,375 |
| Kerry Group, Inc. (KRYAY) | 15,866 | 15,866 |
| Koninkluke Philips (PHG) | 8,884 | 8,884 |
| Kroger Co., (KR) | 39,922 | 39,922 |
| Lockheed Martin Corp (LMT) | 18,104 | 18,104 |
| London Stk Exch. Grp (LNSTY) | 7,284 | 7,284 |
| Lonza Group (LZAGY) | 11,983 | 11,983 |
| Loreal Co (LRLCY) | 5,635 | 5,635 |
| Lowes Cos, Inc. (LOW) | 46,387 | 46,387 |
| Lululemon Athletica, Inc. (LULU) | 23,666 | 23,666 |
| Lyondellbasell Industries (LYD) | 2,200 | 2,200 |
| Marriott Intl, Inc (MAR) | 11,345 | 11,345 |
| Marsh & Mclennan Co's, Inc. (MMC) | 52,299 | 52,299 |
| Mastercard, Inc. (MA) | 24,629 | 24,629 |
| Match Group Inc (MTCH) | 34,018 | 34,018 |
| Maximus, Inc. (MMS) | 17,126 | 17,126 |
| McDonalds Corp (MCD) | 14,806 | 14,806 |
| Medtronic PLC (MDT) | 82,818 | 82,818 |
| Merck & Co., Inc (MRK) | 55,296 | 55,296 |
| Microchip Technology, Inc. (MCHIP) | 56,625 | 56,625 |
| Microsoft Corp (MSFT) | 241,326 | 241,326 |
| Mondeliz Intl, Inc. (MDLZ) | 51,863 | 51,863 |
| National Instrs Corp (NATL) | 21,926 | 21,926 |
| National Vision Hldgs, Inc. (EYE) | 22,419 | 22,419 |
| Neogen Corp (NEOG) | 21,173 | 21,173 |
| Netflix, Inc. (NFLX) | 44,340 | 44,340 |
| Nextera Energy, Inc. (NEE) | 33,020 | 33,020 |
| Nike, Inc (NKE) | 28,435 | 28,435 |
| Novartis AG | 11,143 | 11,143 |
| NXP Semiconductors (NXPI) | 9,223 | 9,223 |
| Nvidia Corp. (NVDA) | 41,776 | 41,776 |
| Orthopediatrics Corp (KIDS) | 10,478 | 10,478 |
| Paychex, Inc. (PAYX) | 15,561 | 15,561 |
| Paylocity Hldg Corp (PCTY) | 41,800 | 41,800 |
| Paypal Holdgs, Inc. (PYPL) | 40,048 | 40,048 |
| Pegaystems, Inc. (PEGA) | 50,905 | 50,905 |
| Pepsico, Inc. (PEP) | 54,574 | 54,574 |
| Pernod Ricard SA (PDRDY) | 14,496 | 14,496 |
| Phillip Morris Intl. (PM) | 29,722 | 29,722 |
| Phillips 66 (PSX) | 4,616 | 4,616 |
| Pluralsight, Inc. (PS) | 25,026 | 25,026 |
| PNC Financial Svs Grp (PNC) | 12,814 | 12,814 |
| Power Integrations, Inc. (POWI) | 26,523 | 26,523 |
| PRA Group, Inc. (PRAA) | 17,054 | 17,054 |
| Prologis, Inc. (PLD) | 10,963 | 10,963 |
| PROS Hldgs, Inc. (PRO) | 19,800 | 19,800 |
| Proto Labs, Inc. (PRLB) | 35,742 | 35,742 |
| Prudential plc (PUK) | 8,531 | 8,531 |
| Qiagen NV (OGEN) | 5,074 | 5,074 |
| Qual Comm, Inc. (QCOM) | 62,307 | 62,307 |
| Reality Income Corp (O) | 5,657 | 5,657 |
| Reckitt Benckiser Group (RBGLY) | 12,720 | 12,720 |
| Relx PLC (RELX) | 14,303 | 14,303 |
| Ritchie Bros Auctioneers, Inc. (RBA) | 44,373 | 44,373 |
| Roche Hldg Ltd (RHHBY) | 19,421 | 19,421 |
| Rogers Corp (ROG) | 15,063 | 15,063 |
| Ross Stores, Inc. (ROSI) | 66,809 | 66,809 |
| S&P Global, Inc. (SPGL) | 32,873 | 32,873 |
| Safran SA (SAFRY) | 14,149 | 14,149 |
| Salesforce.Com, Inc. (CRM) | 55,410 | 55,410 |
| Santen Pharmaceutical Co (SNPHY) | 4,621 | 4,621 |
| SAP SE (SAP) | 14,995 | 14,995 |
| Schneider Electric S.E. (SBGSY) | 11,754 | 11,754 |
| Sempra Energy, Inc. (SRE) | 12,104 | 12,104 |
| SGS SA (SGSOY) | 7,051 | 7,051 |
| Shopify Inc. (SHOP) | 50,938 | 50,938 |
| Smith & Nephew Group (SNN) | 11,049 | 11,049 |
| Smiths Group (SMGZY) | 3,514 | 3,514 |
| Smucker J M. Co (SJM) | 22,542 | 22,542 |
| Sonova Hldg (SONVY) | 12,765 | 12,765 |
| Splunk, Inc. (SPLK) | 19,198 | 19,198 |
| SPS Comm, Inc. (SPSC) | 51,363 | 51,363 |
| Square, Inc. (SQ) | 26,987 | 26,987 |
| Stanley Black & Decker, Inc. (SWK) | 23,213 | 23,213 |
| Starbkcs Corp (SBUX) | 18,615 | 18,615 |
| State Street Corp (STT) | 38,137 | 38,137 |
| Sysco Corp (SYY) | 35,868 | 35,868 |
| Taiwan Semi. Manuf. (TSM) | 32,712 | 32,712 |
| Technopro Hldgs, Inc. (TCCPY) | 9,385 | 9,385 |
| Techtronic Inds Ltd (TTNDY) | 14,986 | 14,986 |
| Teladoc Health, Inc. (TDOC) | 23,196 | 23,196 |
| Terumo Copr (TRUMY) | 6,514 | 6,514 |
| Tesla, Inc. (TLSA) | 91,031 | 91,031 |
| Texas Instruments, Inc. (TXN) | 50,552 | 50,552 |
| Total SE Spon ADS (TOT) Ea Rep 1 Ord shs | 5,867 | 5,867 |
| Toyota MTR Corp (TM) | 11,902 | 11,902 |
| Trust Finl Corp (TFC) | 17,638 | 17,638 |
| Twilio, Inc. (TWLO) | 42,313 | 42,313 |
| Uber Technologies, Inc. (UBER) | 26,112 | 26,112 |
| UBS Group (UBS) | 7,842 | 7,842 |
| Union Pacific Corp. (UNP) | 47,890 | 47,890 |
| United Health Group, Inc., (UNH) | 108,009 | 108,009 |
| US Bancorp (USB) | 92,248 | 92,248 |
| Vertex Pharmaceuticals, Inc. (VRTX) | 11,580 | 11,580 |
| VISA, Inc. (V) | 105,647 | 105,647 |
| Wells Fargo & Co (WFC) | 15,361 | 15,361 |
| Willis Towers Watson, PLC | 7,795 | 7,795 |
| Workday, Inc. (WDAY) | 13,418 | 13,418 |
| Workiva, Inc., (WK) | 44,985 | 44,985 |
| XILINX, Inc. (XLNX) | 12,475 | 12,475 |
| American Tower Corporation | 19,079 | 19,079 |
| Amerprise Financial Inc | 17,101 | 17,101 |
| Ametex Inc | 10,522 | 10,522 |
| Amphenol Corp Class A | 18,962 | 18,962 |
| Analog Devices Inc. | 30,137 | 30,137 |
| Ansys Inc. | 22,192 | 22,192 |
| APTIV PLC | 13,941 | 13,941 |
| Ashland Global Hldgs Inc | 5,386 | 5,386 |
| Autodesk Inc | 31,755 | 31,755 |
| Autozone, Inc | 22,523 | 22,523 |
| Berry Global Group Inc. | 10,227 | 10,227 |
| Blackstone Group Inc - Class A | 37,071 | 37,071 |
| Brown Forman Corp - Class B | 6,513 | 6,513 |
| Carter Inc | 7,808 | 7,808 |
| CDW Corp | 10,280 | 10,280 |
| Church & Dwight, Inc. | 11,427 | 11,427 |
| CIGNA Corp | 22,900 | 22,900 |
| Cintas Corp | 9,190 | 9,190 |
| Citrix Systems Inc. | 6,115 | 6,115 |
| Coastar Group Inc. | 11,091 | 11,091 |
| Cooper Cos Inc. | 9,446 | 9,446 |
| Crown Hldgs Inc. | 15,631 | 15,631 |
| Delivery Hero AG NA | 52,785 | 52,785 |
| Dollar Tree Inc. | 16,206 | 16,206 |
| Domino's Pizza Inc. | 10,353 | 10,353 |
| Ecolab, Inc. | 30,939 | 30,939 |
| Encompass Health Corp | 17,282 | 17,282 |
| EPAM Sys Inc. | 37,268 | 37,268 |
| Etsy Inc. | 15,122 | 15,122 |
| Fidelity Natil Information Svcs Inc. | 41,165 | 41,165 |
| Fiserve Inc. | 37,118 | 37,118 |
| FMC Corp | 13,447 | 13,447 |
| Freshi, Inc - Class A | 502 | 502 |
| Genpact Limited | 17,537 | 17,537 |
| Global Blood Therapeutics Inc. | 6,193 | 6,193 |
| Grubhub Inc. | 12,403 | 12,403 |
| HCA Healthcare Inc | 12,170 | 12,170 |
| IHS Markit Ltd. (INFO) | 15,002 | 15,002 |
| Hubbell Inc. | 7,996 | 7,996 |
| Humana Inc. | 13,129 | 13,129 |
| IAA Inc (IAA) | 11,372 | 11,372 |
| Intercontinental Exhange, Inc. | 47,154 | 47,154 |
| Jazz Pharmaceuticals PLC | 8,583 | 8,583 |
| Kansas City Southern (KSU) | 10,819 | 10,819 |
| Keysight Technologies, Inc. (KEYS) | 17,700 | 17,700 |
| KLA Corporation (KLAC) | 7,767 | 7,767 |
| L3Harris Technologies Inc. (LHX) | 8,128 | 8,128 |
| Lam Research Corporation (LRCX) | 23,141 | 23,141 |
| Linde PLC (LIN) | 36,101 | 36,101 |
| Livent Corp (LTHM) | 33,347 | 33,347 |
| Masco Corp (MAS) | 9,723 | 9,723 |
| Monster Beverage Corp | 13,410 | 13,410 |
| MSCI Inc. | 17,415 | 17,415 |
| O'Reilly Automotive Inc. (ORLY) | 12,219 | 12,219 |
| Pentair PLC (PNR) | 4,619 | 4,619 |
| Pioneer Nat Resources Co (PXD) | 15,147 | 15,147 |
| PRA Health Sciences Inc. | 12,544 | 12,544 |
| PTC Inc. | 21,410 | 21,410 |
| Raytheon Technologies Corp. (RTX) | 31,750 | 31,750 |
| Rexnord Corp (RXN) | 9,596 | 9,596 |
| Roper Technologies, Inc. (ROP) | 46,989 | 46,989 |
| SBA Communications Corp (SBAC) | 21,724 | 21,724 |
| Schwab Charles Corp (SCHW) | 45,561 | 45,561 |
| Skyworks Solutions Inc. (SWKS) | 11,160 | 11,160 |
| Smartsheet Inc. (SMAR) | 31,735 | 31,735 |
| Softbank Grp Corp ADR (SFTBY) | 39,804 | 39,804 |
| Sprouts Fmrs Mkt Inc. | 5,950 | 5,950 |
| Stitch Fix, Inc. | 26,835 | 26,835 |
| Styrker Corp | 29,650 | 29,650 |
| T Mobile US Inc. | 46,793 | 46,793 |
| Teleflex, Inc. | 14,817 | 14,817 |
| Tencent Hldgs Ltd ADR | 31,205 | 31,205 |
| Thermo Fisher Corp | 38,194 | 38,194 |
| TJX Cos Inc. | 49,374 | 49,374 |
| Tractor Supply Co | 13,636 | 13,636 |
| Transdigm Group Inc. | 23,516 | 23,516 |
| TransUnion (TRU) | 14,685 | 14,685 |
| VF Corp | 20,071 | 20,071 |
| Waste Management Inc. | 31,250 | 31,250 |
| Xenia Hotels & Resorts Inc | 7,173 | 7,173 |
| Zoetis Inc. | 32,934 | 32,934 |
| Adyen NV (ADYEY) | 34,011 | 34,011 |
| Airbnb Inc (ABNB) | 2,642 | 2,642 |
| Alphabet Inc (GOOGL) CL A | 63,095 | 63,095 |
| American Tower Corp. (AMT) | 3,816 | 3,816 |
| Atlassian Corporation (TEAM) | 16,839 | 16,839 |
| Autoliv Inc (ALV) | 3,776 | 3,776 |
| CMC Matlis Inc (CCMP) | 13,768 | 13,768 |
| GDR Teleperformance (TLPFY) | 15,433 | 15,433 |
| Goosehead Ins Inc (GSHD) | 15,345 | 15,345 |
| Health Catalyst Inc (HCAT) | 23,593 | 23,593 |
| Infosys (INFY) | 13,238 | 13,238 |
| Kadant Inc | 15,790 | 15,790 |
| Kornit Digital LTD (KRNT) | 33,424 | 33,424 |
| LVMH Moet Hennesy Louis Vuitton (LVMUY) | 21,079 | 21,079 |
| Ollies Bargain Outlet Hldgs (OLLI) | 21,914 | 21,914 |
| Peloton Interactive Inc (PTON) | 11,834 | 11,834 |
| Pennant Group Inc (PNTG) | 16,199 | 16,199 |
| Petiq Inc (PETQ) | 22,186 | 22,186 |
| Phreesia Inc (PHR) | 15,356 | 15,356 |
| Procter & Gamble (PG) | 10,296 | 10,296 |
| Rightmove (RTMVY) | 4,887 | 4,887 |
| Sarepta Therapeutics Inc (SRPT) | 4,433 | 4,433 |
| Smurfit Kappa Group (SMFKY) | 8,821 | 8,821 |
| Snowflake Inc (SNOW) | 9,286 | 9,286 |
| Spotify Technology (SPOT) | 20,453 | 20,453 |
| Target Corp (TGT) | 4,413 | 4,413 |
| Terminix Global Hldgs Inc (TMX) | 23,210 | 23,210 |
| The Trade Desk Inc (TTD) | 16,020 | 16,020 |
| Tokio Marine Hldgs (TKOMY) | 6,329 | 6,329 |
| Unilever, PLC (UL) | 43,761 | 43,761 |
| United Parcel Svc Inc. (UPS) | 3,200 | 3,200 |
| US Physical Therapy (USPH) | 22,486 | 22,486 |
| Verizon Communications (VZ) | 11,808 | 11,808 |
| WEC Energy Group Inc (WEC) | 12,516 | 12,516 |
| Weir Group PLC (WEGRY) | 4,898 | 4,898 |
| Willscot Mobile Mini Hldgs Corp (WSC) | 33,805 | 33,805 |
| Zoom Video Comm. Inc. (ZM) | 5,059 | 5,059 |
| American Elec. Pwr Inc | 22,816 | 22,816 |
| American Water Works Co Inc | 22,714 | 22,714 |
| Anaplan Inc | 19,759 | 19,759 |
| Avantor Inc | 13,540 | 13,540 |
| Berkshire Hathaway Inc | 25,042 | 25,042 |
| Cadence Design System Inc | 21,829 | 21,829 |
| Catalent Inc | 11,240 | 11,240 |
| Charles River Lab. Intl Inc (CRL) | 12,993 | 12,993 |
| Cyrusone Inc | 5,340 | 5,340 |
| Discovery Inc | 26,321 | 26,321 |
| Disney Walt Co | 24,822 | 24,822 |
| Dynatrace Inc | 9,605 | 9,605 |
| Edwards Lifesciences Corp | 19,341 | 19,341 |
| Elastic N V Ord | 23,965 | 23,965 |
| Enphase Energy Inc | 7,019 | 7,019 |
| Entergris Inc | 10,379 | 10,379 |
| Everbridge Inc | 11,926 | 11,926 |
| GoodRx Holdings, Inc. (GDRX) | 5,849 | 5,849 |
| Gym Group PLC Shs | 6,477 | 6,477 |
| IDEX Corporation (IEX) | 11,354 | 11,354 |
| Just Eat Takeway.com N.V. (GRUB) | 24,295 | 24,295 |
| Liberty Broadband Corp (LBRDA) | 6,335 | 6,335 |
| Macerich Company (MAC) | 6,968 | 6,968 |
| Marvell Technology Group (MRVL) | 14,357 | 14,357 |
| NextEra Energy, Inc. (NEE) | 31,786 | 31,786 |
| Nintendo Co., Ltd. (NTDOY) | 27,975 | 27,975 |
| Nuance Communications, Inc. (NUAN) | 15,652 | 15,652 |
| OiI Glass, Inc (OI) | 22,717 | 22,717 |
| Otis Worldwide Corporation (OTIS) | 19,792 | 19,792 |
| Park Hotels & Resorts Inc . (PK) | 12,365 | 12,365 |
| PNC Financial Services Grp, Inc. (PNC) | 25,032 | 25,032 |
| Qurate Retail, Inc. (QRTEA) | 11,891 | 11,891 |
| Raymond James Finl Inc (RJF) | 14,638 | 14,638 |
| ResMed Inc. (RMD) | 17,005 | 17,005 |
| Service Properties Trust (SVC) | 6,607 | 6,607 |
| Synopsys Inc (SNPS) | 17,888 | 17,888 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Vacant Lots #183 & #184 | AT COST | 503 | 503 |
| Mineral Rights & Remainder Interest | FMV | 107,012 | 107,012 |
| Various Royalty Interests | FMV | 247,873 | 247,873 |
| MFB Nrthrn FDS (NMMEX) Emerging Markets | FMV | 287,192 | 287,192 |
| MFB Nrthrn FDS (NMMGX) Global Multi-Mngr | FMV | 93,897 | 93,897 |
| MFB Nrthrn Funds (NOEMX) Emerging Market | FMV | 331,263 | 331,263 |
| MFB Nrthrn Funds Stk (NOSIX) | FMV | 3,553,130 | 3,553,130 |
| MFB Nrthrn Fund (NHFIX) High Yield Inc. | FMV | 399,028 | 399,028 |
| MFB Nrthrn Fund (NMFIX) Global Mult Mngr | FMV | 185,999 | 185,999 |
| MFC Flexshares TR Morningstar (TLTD) | FMV | 230,472 | 230,472 |
| MFC Flexshares (IQDE) Int'l Qual. Div. | FMV | 137,982 | 137,982 |
| MFC Flexshares (GUNR) TR Global | FMV | 246,621 | 246,621 |
| MFC Flexshares (NFRA) TR Global Broad | FMV | 129,400 | 129,400 |
| MFO Nuveen (NPSRX) Pfd. Sec. | FMV | 78,560 | 78,560 |
| MFO Pimco FDS (PHIYX) Pac | FMV | 207,970 | 207,970 |
| Tweedy Browne Global Value Fund #1 | FMV | 330,551 | 330,551 |
| Matthews Pacific Tiger Fund -IS# 102 | FMV | 557,179 | 557,179 |
| Virtus Vontobel Emer Mkts Opp Fds #1736 | FMV | 326,420 | 326,420 |
| CIBC Atlas Income Opp. Fund Inst. | FMV | 429,795 | 429,795 |
| JPMorgan Chase Alerian MLP ETN | FMV | 344,653 | 344,653 |
| ALPS ETF Tr Clean Energy | FMV | 192,440 | 192,440 |
| Cohen & Steers Pfd Sec and Income Fund | FMV | 100,628 | 100,628 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Jones Walker L.L.P. | 47,186 | 18,874 | 0 | 28,312 |
| Description | Amount |
|---|---|
| Deferred Income taxes - books only | 26,288 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dues and Subscriptions | 765 | |||
| Miscellaneous | 938 | |||
| Other Oil and Gas deductions | 36,987 | 36,987 | ||
| Trustee Liability Insurance | 3,670 | 1,835 | 1,835 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Oil & Gas Income | 141,274 | 141,274 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CIBC National Trust (Inv. Mgmt.) | 47,264 | 47,264 | 0 | 0 |
| Landman Fees | 4,809 | 2,405 | 0 | 0 |
| Northern Trust (Inv. Mgmt.) | 78,545 | 78,545 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Taxes | 15,210 | |||
| Foreign Taxes paid on Dividends | 6,451 | 6,451 | ||
| Oil & Gas severance tax | 3,204 | 3,204 | ||
| Real Estate Taxes | 1,095 | 1,095 |