| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,590 | 1,059 | 9,531 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| U S DOLLAR | 77,490 | 77,490 |
| GS FINANCIAL SQUARE GOVERNMENT FUND MOODY'S AAA | 14,227 | 14,227 |
| SUNTRUST BANKS INC 2.9% 03/03/2021 SR LIEN NEXT CALL DT. | 50,722 | 50,579 |
| AIR LEASE CORP 3.375% 06/01/2021 SR LIEN S&P BBB | 19,249 | 20,269 |
| PROCTER & GAMBLE COMPANY (THE) 1.7% 11/03/2021 USD | 49,898 | 50,775 |
| CITIGROUP INC. 2.9% 12/08/2021 USD SR LIEN NEXT CALL DT. 11 | 49,915 | 51,173 |
| INTEL CORP 3.1% 07/29/2022 USD SR LIEN S&P A+ /MOODY'S | 50,256 | 52,958 |
| INVESCO FINANCE PLC 3.125% 11/30/2022 USD SR LIEN S&P | 49,961 | 52,643 |
| SIMON PROPERTY GROUP, L.P. 2.75% 02/01/2023 USD SR LIEN | 50,864 | 52,723 |
| BERKSHIRE HATHAWAY INC. 2.75% 03/15/2023 USD SR LIEN | 51,765 | 52,913 |
| TEXAS INSTRUMENTS INC 2.25% 05/01/2023 USD SR LIEN | 49,154 | 52,236 |
| GLAXOSMITHKLINE CAPITAL PLC 3.375% 05/15/2023 USD SER | 49,912 | 53,784 |
| ROYAL BANK OF CANADA MTN 0.5% 10/26/2023 SR LIEN S&P | 34,978 | 35,225 |
| ENERGY TRANSFER OPERATNG 5.875% 01/15/2024 USD SR | 27,508 | 28,780 |
| TD AMERITRADE HOLDING CO 3.75% 04/01/2024 USD SR LIEN | 52,987 | 55,362 |
| APPLE INC. 2.75% 01/13/2025 USD SR LIEN NEXT CALL DT. 11 13 | 72,980 | 82,335 |
| MORGAN STANLEY HYBRID MTN 10/21/2025 SER I SR LIEN | 15,000 | 15,149 |
| VERIZON COMMUNICATIONS INC. 2.625% 08/15/2026 USD SR | 41,285 | 44,227 |
| ROPER TECHNOLOGIES, INC. 3.8% 12/15/2026 USD SR LIEN | 53,668 | 57,850 |
| KEYCORP MTN 2.25% 04/06/2027 USD SR LIEN S&P BBB+ | 49,940 | 53,608 |
| COSTCO WHOLESALE CORP 1.375% 06/20/2027 USD SR LIEN | 34,921 | 36,075 |
| AT&T INC. 1.65% 02/01/2028 SR LIEN NEXT CALL DT. 12 01 27 | 39,950 | 41,081 |
| LOWE'S COMPANIES INC 1.3% 04/15/2028 SR LIEN NEXT CALL | 35,066 | 35,396 |
| FEDERAL FARM CREDIT BANK 2.35% 02/12/2021 S&P AA+ | 49,814 | 50,574 |
| ONTARIO (PROVINCE OF) 2.55% 02/12/2021 SR LIEN S&P A+ | 49,934 | 50,613 |
| FEDERAL HOME LOAN BANK SYSTEM 2.25% 06/11/2021 SER | 50,315 | 50,519 |
| U.S. TREASURY NOTE 2.125000% 08/15/2021 FA OFF THE RUN | 49,592 | 51,023 |
| KFW 2.125% 03/07/2022 SR LIEN S&P AAA /MOODY'S AAA | 49,755 | 51,492 |
| EDC 2.0% 05/17/2022 SR LIEN S&P AAA /MOODY'S AAA | 49,880 | 51,338 |
| U.S. TREASURY NOTE 1.750000% 01/31/2023 JJ ON THE RUN | 73,597 | 78,075 |
| FEDERAL HOME LOAN BANK SYSTEM 2.875% 09/13/2024 SR | 77,629 | 82,898 |
| FHLB 2.75% 12/13/2024 SR LIEN S&P AA+ /MOODY'S AAA | 26,217 | 27,416 |
| U.S. TREASURY NOTE 2.250000% 12/31/2024 JD ON THE RUN | 77,200 | 80,942 |
| U.S. TREASURY NOTE 2.125000% 05/15/2025 MN OFF THE | 74,045 | 81,148 |
| FHLB 3.125% 09/12/2025 S&P AA+ /MOODY'S AAA | 79,443 | 85,140 |
| U.S. TREASURY NOTE 1.625000% 02/15/2026 FA OFF THE RUN | 45,682 | 53,487 |
| U.S. TREASURY NOTE 1.500000% 08/15/2026 FA OFF THE RUN | 72,281 | 79,840 |
| FEDERAL HOME LOAN BANK SYSTEM 3.0% 09/11/2026 SER | 52,538 | 57,477 |
| U.S. TREASURY NOTE 2.250000% 11/15/2027 MN OFF THE | 51,746 | 55,661 |
| GS HIGH YIELD FUND CLASS P | 531,460 | 503,784 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| U S DOLLAR | 24 | 24 |
| GS FINANCIAL SQUARE GOVERNMENT FUND (FGTXX) | 54,960 | 54,960 |
| BEIGENE, LTD. SPONSORED ADR CMN (BGNE) | 4,585 | 6,718 |
| HUTCHISON CHINA MEDITECH LTD SPONSORED ADR CMN | 3,186 | 3,074 |
| ABB LTD SPONSORED ADR CMN (ABB) | 6,331 | 7,046 |
| AIA GROUP LIMITED SPONSORED ADR CMN SERIES (AAGIY) | 6,424 | 18,525 |
| AIR LIQUIDE SA ADR CMN (AIQUY) | 1,672 | 2,990 |
| AIRBUS S.E. ADR CMN (EADSY) | 3,868 | 6,921 |
| AMERICA MOVIL SAB DE CV SPONSORED ADR CMN SERIES L | 1,293 | 1,469 |
| ANHEUSER-BUSCH INBEV SPONSORED ADR CMN (BUD) | 5,313 | 6,362 |
| AON PUBLIC LIMITED COMPANY CMN (AON) | 2,549 | 3,169 |
| ASHAI KASEI CORP ADR CMN (AHKSY) | 5,383 | 5,658 |
| ASML HOLDING N.V. ADR CMN (ASML) | 3,805 | 17,558 |
| ASSA ABLOY AB UNSPONSORED ADR (SWEDEN) (ASAZY) | 1,107 | 2,330 |
| ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) | 8,091 | 13,247 |
| ATLASSIAN CORPORATION PLC CMN CLASS A (TEAM) | 2,231 | 2,105 |
| B&M EUROPEAN VALUE RETAIL S.A. ADR CMN (BMRRY) | 3,185 | 3,548 |
| BANCO BILBAO VIZCAYA S A ADR SPONSORED ADR CMN | 4,844 | 5,543 |
| BRITISH AMERICAN TOBACCO PLC SPONS ADR (BTI) | 7,948 | 8,548 |
| CANADIAN NATIONAL RAILWAY CO. CMN (CNI) | 2,260 | 4,174 |
| CARLSBERG A/S SPONSORED ADR CMN (CABGY) | 6,268 | 11,510 |
| COMPAGNIE FINANCIERE RICHEMONT UNSPONSORED ADR | 4,166 | 4,158 |
| DAIICHI SANKYO CO LTD SPONSORED ADR CMN (DSNKY) | 2,524 | 4,280 |
| DAIKIN INDUSTRIES, LTD. UNSPONSORED ADR CMN (DKILY) | 1,185 | 2,087 |
| DBS GROUP HOLDINGS SPONSORED ADR CMN (DBSDY) | 4,358 | 4,320 |
| DEUTSCHE BOERSE AG UNPOSNORED ADR CMN (DBOEY) | 2,033 | 2,743 |
| DIAGEO PLC SPON ADR (NEW) SPONSORED ADR CMN (DEO) | 5,408 | 7,305 |
| DNB ASA SPONSORED ADR CMN (DNHBY) | 5,800 | 6,161 |
| DSV PANALPINA A/S UNSPONSORED ADR CMN (DSDVY) | 1,895 | 6,036 |
| ENEL SOCIETA PER AZIONI ADR CMN (ENLAY) | 8,476 | 14,268 |
| ENGIE SPONSORED ADR CMN (ENGIY) | 1,365 | 1,654 |
| ESSILOR INTERNATIONAL SA ADR CMN (ESLOY) | 8,053 | 10,517 |
| FLUTTER ENTERTAINMENT PUBLIC L ADR CMN (PDYPY) | 2,109 | 3,165 |
| GALAPAGOS NV SPONSORED ADR CMN (GLPG) | 5,901 | 3,959 |
| GENMAB A/S SPONSORED ADR CMN (GMAB) | 4,537 | 11,832 |
| GIVAUDAN SA ADR CMN (GVDNY) | 5,270 | 10,043 |
| GRIFOLS S A ADR CMN (GRFS) | 1,707 | 1,789 |
| HDFC BANK LIMITED SPONSORED ADR CMN (HDB) | 1,589 | 3,758 |
| HERMES INTERNATIONAL UNSPONSORED ADR CMN (HESAY) | 3,362 | 5,919 |
| HONG KONG EXCHANGES & CLEARING UNSPONSORED ADR | 4,574 | 7,674 |
| HOYA CORP SPONSORED ADR CMN (HOCPY) | 2,724 | 6,496 |
| IBERDROLA SOCIEDAD ANONIMA SPONSORED ADR CMN | 5,877 | 10,593 |
| INDUSTRIA DE DISENO TEXTIL, S. ADR CMN (IDEXY) | 5,684 | 5,560 |
| JARDINE MATHESON HOLDINGS LTD ADR CMN (JMHLY) | 2,010 | 2,744 |
| KERING ADR CMN (PPRUY) | 5,062 | 12,655 |
| KEYENCE CORPORATION CMN (KYCCF) | 6,325 | 26,218 |
| KONINKLIJKE KPN N.V. SPONSORED ADR CMN (KKPNY) | 5,381 | 5,009 |
| KONINKLIJKE PHILIPS N.V. ADR CMN (PHG) | 3,963 | 4,984 |
| LOREAL CO (ADR) ADR CMN (LRLCY) | 4,613 | 10,420 |
| LONDON STOCK EXCHANGE GROUP PL ADR CMN (LNSTY) | 7,142 | 15,300 |
| LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN | 2,003 | 7,126 |
| MERCADOLIBRE, INC. CMN (MELI) | 1,061 | 8,376 |
| MURATA MANUFACTURING CO., LTD. UNSPONSORED ADR | 1,629 | 3,475 |
| NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) | 6,646 | 10,497 |
| NIDEC CORPORATION SPONSORED ADR (NJDCY) | 1,782 | 6,475 |
| NIPPON TELEG & TEL SPON ADR SPONSORED ADR CMN (1 | 4,692 | 4,997 |
| NITORI HOLDINGS CO., LTD. ADR CMN (NCLTY) | 3,049 | 3,413 |
| NOVO-NORDISK A/S ADR ADR CMN (NVO) | 7,053 | 14,529 |
| PERNOD RICARD UNSPONSORRED ADR CMN (PDRDY) | 5,201 | 8,749 |
| PROSUS NV SPONSORED ADR CMN (PROSY) | 1,888 | 2,681 |
| RECKITT BENCKISER GROUP PLC SPONSORED ADR CMN | 8,536 | 9,175 |
| RECRUIT HOLDINGS CO., LTD. ADR (RCRUY) | 2,455 | 3,750 |
| REED ELSEVIER PLC SPONSORED ADR CMN (RELX) | 7,941 | 9,100 |
| RIO TINTO PLC SPONSORED ADR (RIO) | 1,833 | 2,257 |
| ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 | 2,777 | 2,928 |
| SAFRAN SA SPONSORED ADR CMN (SAFRY) | 5,581 | 12,520 |
| SAP SE (SPON ADR) (SAP) | 10,710 | 13,039 |
| SHIN-ETSU CHEMICAL CO., LTD. UNSPONSORED ADR CMN | 4,297 | 8,300 |
| SHIONOGI & CO., LTD. UNSPONSORED ADR CMN (SGIOY) | 7,004 | 6,877 |
| SMC CORP. CMN (SMECF) | 4,226 | 10,603 |
| SOFTBANK GRP CORP UNSPONSORED ADR CMN (SFTBY) | 2,581 | 8,624 |
| STMICROELECTRONICS NV ADR CMN (STM) | 2,118 | 2,376 |
| STRAUMANN HOLDING AG UNSPONSORED ADR CMN | 4,696 | 7,177 |
| SUZUKI MOTOR CORPORATION UNSPONSORED ADR CMN | 3,191 | 3,520 |
| TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS | 5,227 | 24,722 |
| TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN ADD | 7,939 | 11,929 |
| TERUMO CORPORATION ADR CMN (TRUMY) | 4,506 | 5,429 |
| TFI INTERNATIONAL INC CMN (TFII) | 3,322 | 4,088 |
| TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN (TOELY) | 2,568 | 2,697 |
| TOTAL SE SPONSORED ADR CMN (TOT) | 4,298 | 4,891 |
| UNICHARM CORP. SPONSORED ADR CMN (UNICY) | 5,779 | 9,401 |
| UNILEVER PLC (NEW) SPONSORED ADR CMN (UL) | 1,865 | 1,871 |
| ISHARES S&P 500 INDEX FUND CLASS G (BSPGX) | 1,152,272 | 1,751,351 |
| GS SMALL CAP VALUE FUND CLASS P (GSYPX) | 234,770 | 307,445 |
| ISHARES MSCI EAFE ETF (EFA) | 234,212 | 319,565 |
| VANGUARD FTSE EMERGING MKTS ETF (VWO) | 131,965 | 162,356 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| HEDGE FUND OPPORTUNITIES | AT COST | 279,266 | 515,806 |
| GS TACTICAL TILT OVERLAY FUND CLASS P (GSLPX) | AT COST | 258,827 | 251,038 |
| Description | Amount |
|---|---|
| BOOK-TAX ADJUSTMENT | 3,091 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 19,380 | 19,380 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FIDUCIARY FEES | 31,533 | 31,533 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GOLDMAN SACHS FOREIGN TAX | 2,456 | 2,456 | 0 |