| 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 |
|---|---|---|
| AMC NETWORKS INC - 4.750% - 08 | 47,676 | 48,537 |
| AMERICAN TOWER CORP - 3.375% - | 10,101 | 10,110 |
| AMERICAN TOWER CORP BOND - 4.0 | 29,727 | 33,882 |
| AT&T INC - 4.100% - 02/15/2028 | 10,428 | 10,581 |
| ATT INC - 3.800% - 02/15/2027 | 33,893 | 34,528 |
| BALL CORP - 4.000% - 11/15/202 | 6,398 | 6,390 |
| BALL CORP - 4.875% - 03/15/202 | 46,033 | 46,310 |
| BOOKING HOLDINGS INCNOTE - 4.5 | 23,716 | 23,787 |
| BROADCOM CORP/BROADCOM CAYMAN | 11,535 | 12,345 |
| CA INC - 3.600% - 08/15/2022 | 35,817 | 38,117 |
| CARLISLE COS INC NOTE CALL - 3 | 14,935 | 16,442 |
| CARLISLE COS INC NOTE CALL - 3 | 26,636 | 28,308 |
| CBS OUTDOOR AMERS CAP LLC BOND | 47,069 | 48,600 |
| CDK GLOBAL INC - 5.875% - 06/1 | 34,579 | 34,620 |
| CDK GLOBAL INC NTS - 4.500% - | 14,180 | 15,383 |
| CDW CORP - 3.250% - 02/15/2029 | 43,000 | 43,847 |
| CDW LLC / CDW FIN CORP - 4.250 | 9,443 | 9,502 |
| CENTURYLINK INC - 5.800% - 03/ | 17,519 | 17,850 |
| CENTURYLINK INC NOTE - 6.750% | 33,558 | 34,526 |
| CITRIX SYS INC - 4.500% - 12/0 | 50,034 | 54,091 |
| COACH INC - 4.250% - 04/01/202 | 43,702 | 59,005 |
| DISCOVERY COMMS LLC - 2.950% | 26,569 | 27,393 |
| DISCOVERY COMMUNICATIONS LLC D | 5,662 | 5,739 |
| DOLLAR TREE INC - 4.200% - 05/ | 39,982 | 44,036 |
| ENCOMPASS HEALTH CORP - 4.500% | 5,250 | 5,225 |
| HP INC NOTE - 3.000% - 06/17/2 | 8,638 | 8,827 |
| IHS MARKIT - 4.250% - 05/01/20 | 22,287 | 23,082 |
| IHS MARKIT - 4.750% - 08/01/20 | 4,754 | 4,926 |
| KLA-TENCOR SR GLBL NT - 4.650% | 8,415 | 9,106 |
| KOHLS CORP - 4.250% - 07/17/20 | 39,599 | 43,254 |
| KRAFT HEINZ FOODS CO - 3.950% | 47,120 | 51,759 |
| LAMAR MEDIA CORP SER B NOTE - | 18,964 | 19,526 |
| MASCO CORP - 4.450% - 04/01/20 | 26,966 | 30,998 |
| MASCO CORP NT - 5.950% - 03/15 | 20,793 | 20,230 |
| MICROSOFT TECH - 4.333% - 06/0 | 49,532 | 50,850 |
| MOTOROLA SOLUTIONS - 0.000% - | 40,302 | 43,333 |
| MOTOROLA SOLUTIONS INC NOTE - | 6,723 | 7,188 |
| PRICELINE GRP INC NOTE - 0.036 | 21,395 | 21,595 |
| QVC INC - 4.375% - 03/15/2023 | 9,006 | 9,439 |
| QVC INC - 4.450% - 02/15/2025 | 38,073 | 41,644 |
| QVC INC NOTE - 4.750% - 02/15/ | 5,250 | 6,435 |
| REYNOLDS AMERICAN - 4.450% - 0 | 11,977 | 12,529 |
| REYNOLDS AMERICAN INC - 4.850% | 28,523 | 31,228 |
| SBA COMMUNICATIONS CORP - 4.87 | 50,657 | 50,261 |
| SERVICE CORP INTL NOTE - 4.625 | 48,242 | 48,990 |
| SILGAN HOLDINGS - 4.125% - 02/ | 30,833 | 31,163 |
| TEMPUR SEALY - 5.500% - 06/15/ | 43,971 | 46,832 |
| TEMPUR SEALY INTL INC NOTE - 5 | 3,004 | 3,049 |
| TRINITY ACQUISITION PLC - 4.40 | 4,625 | 4,660 |
| TRINITY PARTNERS ACQUISITION - | 5,204 | 5,510 |
| UNITED RENTALS - 5.500% - 05/1 | 46,934 | 47,080 |
| UNITED RENTALS NORTHAMER INC - | 5,318 | 5,294 |
| VALVOLINE INC - 4.375% - 08/15 | 50,962 | 51,639 |
| VERISK ANALYTICS - 4.125% - 09 | 7,202 | 7,415 |
| VERISK ANALYTICS INC - 4.000% | 34,630 | 36,250 |
| WESCO DISTR INC NOTE - 5.375% | 8,220 | 8,200 |
| WESCO DISTR INC NT - 5.375% - | 42,000 | 42,025 |
| WESTERN DIGITAL CORP - 4.750% | 43,721 | 50,830 |
| WILLIS NORTH AMER INC NOTE - 4 | 5,984 | 6,027 |
| WILLIS NORTH AMERICA - 3.600% | 31,252 | 34,941 |
| ZIMMER BIOMET HLDGS - 3.550% - | 35,464 | 36,451 |
| ZIMMER BIOMET HOLDINGS INC - 3 | 7,151 | 7,199 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 7,289 | 10,233 |
| ABBOTT LABS | 7,511 | 9,526 |
| ABBVIE INC | 17,756 | 23,252 |
| ACCELERON PHARMA INC | 5,035 | 6,653 |
| ACCENTURE PLC | 5,264 | 8,620 |
| ACI WORLDWIDE INC | 3,044 | 4,996 |
| ADVANCED ENERGY IND INC | 2,167 | 3,879 |
| AIA GROUP LTD ADR | 6,388 | 9,286 |
| AIR PRODS & CHEM INC | 11,733 | 13,934 |
| ALSTOM | 5,278 | 5,935 |
| AMC NETWORKS INC | 3,320 | 2,039 |
| AMERICAN TOWER REIT INC | 2,690 | 2,694 |
| AMGEN INC | 5,017 | 4,828 |
| AON PLC CL A | 7,253 | 11,197 |
| ARGENX SE | 2,112 | 4,117 |
| ARISTA NETWORKS | 5,323 | 6,102 |
| ARROWHEAD PHARMACEUTICALS INC | 2,517 | 11,356 |
| ATRICURE, INC. | 4,534 | 5,456 |
| AUTODESK, INC | 6,425 | 24,122 |
| AUTOMATIC DATA PROCESSING INC | 10,327 | 10,748 |
| BANCO SANTANDER CEN | 4,429 | 5,856 |
| BAUSCH HEALTH COS INC | 8,576 | 8,382 |
| BEIERSDORF AG ADR EACH REPR 0. | 7,278 | 7,363 |
| BEIGENE LTD | 2,524 | 5,168 |
| BERRY PLASTICS GROUP INC | 6,465 | 7,810 |
| BHP BILLITON LIMITED | 5,155 | 6,861 |
| BIOGEN INC | 21,149 | 18,365 |
| BIOMARIN PHARMACEUTICAL INC | 7,139 | 7,804 |
| BLACKLINE INC | 1,892 | 4,135 |
| BLACKROCK INC | 10,081 | 14,431 |
| BLUEBIRD BIO INC | 6,006 | 2,120 |
| BNP PARIBAS SPONS ADR | 6,369 | 6,147 |
| BROADCOM INC | 23,422 | 42,034 |
| CALRSBERG AS SP ADR REP B | 5,017 | 6,747 |
| CANADIAN NATL RAILWAY CO | 4,055 | 5,822 |
| CARDINAL HEALTH INC | 2,810 | 3,106 |
| CARMAX INC | 5,356 | 5,762 |
| CERENCE INC | 621 | 4,019 |
| CHAMPIONX CORP | 6,560 | 5,447 |
| CHEVRON CORP | 10,937 | 7,769 |
| CHURCHILL DOWNS INC | 2,278 | 4,480 |
| CISCO SYSTEMS INC | 12,207 | 11,411 |
| CITIZENS FINANCIAL GROUP, INC | 6,154 | 8,690 |
| CITRIX SYSTEMS INC | 10,351 | 13,661 |
| COGENT COMMUNICATIONS GROUP, I | 1,676 | 1,197 |
| COGNEX CORPORATION | 3,800 | 6,022 |
| COMCAST CORP | 26,838 | 36,890 |
| CONTL AG SPONS ADR | 2,980 | 4,099 |
| CREE, INC | 6,166 | 15,885 |
| CROWN CASTLE INTL | 11,450 | 12,894 |
| DAIWA HOUSE IND LTD | 6,492 | 5,375 |
| DBS GROUP HLDGS SPON ADR | 5,775 | 5,171 |
| DICK'S SPORTING GDS | 3,215 | 5,228 |
| DISCOVERY INC (FORMERLY DISC C | 7,609 | 9,689 |
| DOLBY LABORATORIES | 11,126 | 18,940 |
| DRIEHAUS EMERGING MARKETS GROW | 80,522 | 139,976 |
| EATON CORP PLC | 4,289 | 5,166 |
| ELI LILLY & CO | 6,588 | 8,442 |
| EMCOR GROUP INC | 4,798 | 6,036 |
| ENEL SOCIETA PER AZI | 8,917 | 10,668 |
| ENGIE | 11,481 | 12,760 |
| ENTEGRIS INC MINNESOTA | 3,119 | 9,322 |
| ENVESTNET INC | 3,280 | 4,608 |
| EQUINOR ASA | 4,983 | 3,859 |
| ETSY INC | 4,738 | 17,969 |
| EVERBRIDGE INC | 2,920 | 4,621 |
| EVERSOURCE ENERGYINC | 1,744 | 1,817 |
| EXACT SCIENCES CORPORATION | 2,904 | 5,035 |
| EXELIXIS, INC. | 6,341 | 5,921 |
| FERGUSON PLC SPON ADR | 4,285 | 6,636 |
| FIBROGEN INC | 3,037 | 2,708 |
| FIREEYE INC | 6,368 | 11,622 |
| FLUGHAFEN ZURICH AG | 1,346 | 2,441 |
| FORTINET INC | 2,830 | 7,427 |
| FORTUNE BRANDS HOME & SECURITY | 2,290 | 3,086 |
| FREEPORT-MCMORAN COPPER & GOLD | 8,906 | 14,701 |
| FUJITSU LTD ADR OTC | 4,186 | 4,519 |
| GAMESA CORP TECN UNSP/ADR | 1,896 | 4,463 |
| GODADDY INC | 7,508 | 8,295 |
| GRACO INC | 3,014 | 4,920 |
| GUARDANT HEALTH INC | 7,789 | 13,404 |
| GUGGENHEIM TOTAL RETURN BOND F | 93,215 | 101,424 |
| GUIDEWIRE SOFTWARE INC | 2,696 | 4,634 |
| HENRY JACK & ASSOC INC | 3,927 | 4,860 |
| HEXAGON | 3,934 | 6,436 |
| HITACHI LTD | 8,287 | 8,416 |
| HOME DEPOT INC | 13,951 | 17,000 |
| HONEYWELL INTL | 7,712 | 9,146 |
| HYATT HOTELS CORP | 5,316 | 7,128 |
| ILLINOIS TOOL WORKS | 6,286 | 7,136 |
| IMMUNOGEN, INC | 882 | 806 |
| INARI MEDICAL INC | 2,584 | 3,404 |
| INDUSTRIA DE DISENO | 1,947 | 2,214 |
| INFORMA PLC SPONSORED ADR | 4,037 | 3,982 |
| INSPERITY INC | 5,825 | 4,722 |
| INTERTEK GROUP UNSP ADR | 3,201 | 3,359 |
| INVESCO OPPENHEIMER DEVELOPING | 100,847 | 136,110 |
| IONIS PHARMACEUTICALS INC | 6,904 | 9,442 |
| IRHYTHM TECHNOLOGIES INC | 3,404 | 10,674 |
| JOHNSON & JOHNSON | 2,615 | 2,833 |
| JOHNSON CONTROLS INTERNATIONAL | 13,859 | 17,331 |
| JP MORGAN CHASE | 18,255 | 16,773 |
| KAO CORP | 4,663 | 4,848 |
| KNORR BREMSE ADR | 5,087 | 6,180 |
| KONINKLIJKE DSM NV ADR | 5,083 | 7,868 |
| L'AIR LIQUIDE ADR OTC | 6,736 | 7,302 |
| L3HARRIS TECHNOLOGIES | 10,551 | 13,609 |
| LIBERTY BROADBAND CORP (LBRDA) | 371 | 788 |
| LIBERTY BROADBAND CORP (LBRDK) | 1,366 | 2,851 |
| LIBERTY MEDIA CORP - SER A | 218 | 304 |
| LIBERTY MEDIA CORP - SER C | 3,133 | 3,834 |
| LIBERTY SIRIUS XM CORP - SER C | 2,613 | 3,176 |
| LIBERTY SIRIUS XM GROUP - SER | 1,287 | 1,555 |
| LIONS GATE ENTERTAINMENT CORP | 1,425 | 550 |
| LITHIA MOTORS INC CL A | 2,912 | 3,219 |
| LIVE NATION INC COM | 3,302 | 5,070 |
| LOCKHEED MARTIN CORP | 14,904 | 12,779 |
| LONDON STK EXCHANGE GROUP | 4,471 | 5,095 |
| LONZA GROUP AG UNSP/ADR | 2,802 | 5,575 |
| LYONDELLBASELL INDUSTRIES NV | 1,576 | 1,558 |
| MAKITA CORP | 6,968 | 7,751 |
| MARSH AND MCLENNAN COMPANIES I | 8,933 | 9,360 |
| MCDONALD'S CORP | 9,562 | 10,300 |
| MEDTRONIC PLC | 22,938 | 28,816 |
| MERCK & CO INC | 14,568 | 14,969 |
| MERCK KGAA SPON ADR EACH REPR | 5,280 | 6,083 |
| MICROSOFT CORP | 11,644 | 16,237 |
| MOHAWK INDS INC | 3,959 | 6,625 |
| MOLINA HEALTHCARE | 4,338 | 6,806 |
| MONDELEZ INTERNATIONAL INC | 11,226 | 12,045 |
| MORGAN STANLEY FLEXIBLE INCOME | 70,869 | 73,312 |
| NATL OILWELL VARCO | 5,784 | 2,348 |
| NEUROCRINE BIOSCIENCES, INC | 6,129 | 5,368 |
| NEW YORK TIMES CO CL A | 4,545 | 7,041 |
| NEXON COMPANY | 4,106 | 6,260 |
| NEXTERA ENERGY, INC | 18,035 | 23,145 |
| NINTENDO CO LTD ADR UNSPON | 6,852 | 11,192 |
| NORDEA BANK ABP | 6,334 | 5,312 |
| NORDSON CP | 3,603 | 6,430 |
| NOVARTIS AG ADR | 8,950 | 11,143 |
| NOVOCURE LTD | 3,691 | 7,614 |
| NOW INC | 3,745 | 2,197 |
| NUANCE COMMUNICATIONS, INC | 4,132 | 14,329 |
| NUCOR CP | 8,157 | 7,659 |
| OKTA INC | 4,012 | 8,391 |
| PAYCHEX | 10,147 | 11,182 |
| PAYCOM SOFTWARE | 3,410 | 6,332 |
| PENTAIR INC. COM | 4,622 | 5,574 |
| PEPSICO INC | 14,204 | 15,423 |
| PERFORMANCE FOOD GROUP COMPANY | 2,111 | 3,476 |
| PERNOD-RECARD SA | 5,500 | 6,021 |
| PHILLIPS 66 | 4,868 | 3,217 |
| PNC FINANCIAL GROUP INC | 9,278 | 8,791 |
| POWER INTEGRATIONS, INC | 2,132 | 5,648 |
| PROCTER GAMBLE CO | 6,188 | 7,096 |
| PROLOGIS | 7,016 | 7,674 |
| PRUDENTIAL PLC SC | 9,243 | 6,758 |
| PVH CORP | 4,154 | 7,605 |
| QUALCOMM INC | 9,961 | 12,492 |
| QUALYS INC COM | 4,963 | 6,825 |
| QURATE RETAIL INC QVC GROUP | 6,014 | 3,850 |
| REALTY INCOME CORP | 4,666 | 3,979 |
| REINSURANCE GROUP AMER INC | 5,689 | 5,331 |
| RELX PLC | 10,900 | 12,552 |
| REVOLVE GROUP INC | 4,230 | 4,333 |
| RITCHIE BROS AUCTIONEERS | 3,106 | 2,921 |
| RYANAIR HOLDINGS PLC-ADR COM | 6,850 | 7,369 |
| RYOHIN KEIKAKU | 7,846 | 5,361 |
| SAFRAN SA - UNSPON ADR | 9,277 | 11,808 |
| SAMPO PLC UNSPONSORED ADR | 8,797 | 6,914 |
| SANDVIK AB SPONS ADR | 5,413 | 6,615 |
| SANOFI-AVENTIS SPONSORED ADR | 10,771 | 11,905 |
| SEAGATE TECHNOLOGY | 11,763 | 15,167 |
| SEAWORLD ENTERTAINMENT INC | 4,221 | 5,181 |
| SEMPRA ENERGY COM | 9,535 | 8,154 |
| SEMTECH CORPORATION | 3,354 | 4,397 |
| SHIMANO INC UNSP ADR EACH REPR | 4,923 | 6,612 |
| SHIN-ETSU CHEMICAL C | 4,607 | 8,752 |
| SHOCKWAVE MEDICAL ORD SHS | 1,918 | 2,074 |
| SMITH A O CORP DEL COM | 5,836 | 5,975 |
| STARBUCKS CORP COM | 10,937 | 13,266 |
| SUMITOMO MITSUI FINCL GRP | 8,517 | 6,244 |
| SUNCOR ENERGY INC | 8,784 | 4,195 |
| SUZUKI MOTOR CORP UNSP ADR | 5,429 | 5,045 |
| SYNCHRONY FINANCIAL | 5,843 | 9,129 |
| TE CONNECTIVITY LTD | 13,399 | 18,766 |
| TELENOR ASA | 7,261 | 6,035 |
| TESCO PLC S ADR | 8,422 | 8,993 |
| TEXAS INSTRUMENTS INC | 14,851 | 19,039 |
| THE COCA-COLA CO | 4,272 | 4,332 |
| THE MOSAIC CO | 4,636 | 6,006 |
| TOPBUILD CORP | 4,028 | 4,234 |
| TRACTOR SUPPLY CO COM | 3,946 | 7,591 |
| TRUIST FINANCIAL CORPORATION | 14,698 | 12,606 |
| TWITTER INC | 15,075 | 32,652 |
| UNILEVER PLC AMER | 7,560 | 8,330 |
| UNITED PARCEL SERVICE | 2,214 | 2,189 |
| UNITEDHEALTH GROUP INC | 17,997 | 33,315 |
| UNIVERSAL DISPLAY CORP | 3,270 | 5,056 |
| US BANCORP | 7,804 | 6,243 |
| VERACYTE INC | 2,049 | 4,062 |
| VERIZON COMMUNICATIONS | 7,461 | 8,284 |
| VERTEX PHARMCTLS INC | 16,719 | 22,216 |
| VESTAS WIND SYS UNSP/ADR | 3,067 | 8,996 |
| VIKING THERAPEUTICS INC | 2,031 | 749 |
| VINCI SA ADR | 4,463 | 4,436 |
| VIVENDI SA | 7,219 | 8,956 |
| VOLKSWAGEN AG ADR | 9,809 | 10,409 |
| WEC ENERGY GROUP, INC | 8,681 | 8,743 |
| WESTERN DIGITAL CORP | 13,557 | 12,850 |
| WOLTERS KLUWER S/ADR | 3,501 | 5,624 |
| WPX ENERGY INC | 4,603 | 3,276 |
| Z HOLDINGS CORP | 2,782 | 3,345 |
| ZENDESK INC | 2,784 | 5,009 |
| ZYNGA INC | 3,506 | 5,912 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AG ENERGY PARTNERS II OFFSHORE | 171,221 | 129,015 | |
| ALPHAKEYS MILLENIUM FD (OFFSHO | 10,443 | 15,599 | |
| ALPHAKEYS MILLENIUM FUND (OFFS | 251,396 | 359,264 | |
| ATLAS ENHANCED FUND LTD | 450,000 | 668,802 | |
| CLOVER PRIVATE CREDIT OPP ORIG | 31,694 | 31,694 | |
| CLOVER PRIVATE CREDIT OPP SECO | 26,149 | 26,149 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 19,373 | 19,373 | ||
| Bank Charges | 1,441 | 1,441 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 23,845 | 23,845 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2020 | 900 | |||
| 990-PF Extension for 2019 | 618 | |||
| Foreign Tax Paid | 1,374 | 1,374 |