| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AIR PRODUCTS & CHEM | 8,682 | 11,562 |
| ALPHABET INC CL A | 18,719 | 46,353 |
| AMAZON.COM INC | 26,510 | 50,015 |
| AMERICAN TOWER REIT | 10,520 | 15,503 |
| AON PLC | 12,968 | 21,340 |
| APPLE INC | 22,132 | 66,056 |
| CANADIAN PACIFIC RAILWAY | 15,282 | 15,899 |
| CHARTER COMMUNICATIONS CL A | 12,625 | 13,039 |
| COMCAST CORP NEW CL A | 15,684 | 15,300 |
| COSTCO WHOLESALE CRP DEL | 18,450 | 33,494 |
| DANAHER CORP DELAWARE | 21,543 | 29,282 |
| DISNEY (WALT) CO | 12,306 | 14,405 |
| ELI LILLY & CO. | 13,284 | 27,070 |
| EPAM SYSTEMS INC | 8,540 | 13,369 |
| EQUINIX INC | 13,461 | 19,454 |
| EXTRA SPACE STORAGE INC | 7,538 | 13,150 |
| EXXON MOBIL CORP | 36,807 | 38,366 |
| FEDEX CORP DELAWARE | 17,244 | 17,070 |
| FIFTH THIRD BANCORP | 14,890 | 17,246 |
| GENERAC HOLDINGS INC | 9,990 | 7,742 |
| HOME DEPOT INC | 10,649 | 23,241 |
| INTERCONTINENTAL EXCHANGE INC | 7,768 | 11,625 |
| INTUIT INC | 8,712 | 20,583 |
| JP MORGAN CHASE & CO. | 36,195 | 50,039 |
| MCDONALDS CORP | 8,768 | 10,723 |
| MICROSOFT CORP | 33,387 | 73,990 |
| NEXTERA ENERGY INC | 16,569 | 28,662 |
| NIKE INC CL B | 8,779 | 15,000 |
| NORTHROP GRUMMAN CORP | 28,688 | 29,417 |
| NVIDIA | 16,902 | 24,411 |
| PAYPAL HOLDINGS INC | 9,300 | 6,600 |
| PRINCIPAL FINANCIAL GROUP | 15,424 | 15,623 |
| PROGRESSIVE CRP OHIO | 7,823 | 8,623 |
| ROCKWELL AUTOMATION INC | 11,556 | 16,047 |
| SALESFORCE COM INC. | 25,475 | 32,275 |
| STRYKER CORP | 7,909 | 9,895 |
| TEXAS INSTRUMENTS | 17,881 | 19,035 |
| TJX COS INC. | 11,917 | 16,019 |
| TRACTOR SUPPLY CO. | 12,841 | 18,134 |
| UNITEDHEALTH GROUP INC | 14,633 | 30,128 |
| VISA INC CL A | 12,501 | 17,554 |
| WALMART INC. | 32,919 | 36,751 |
| WASTE CONNECTIONS INC. | 19,696 | 20,713 |
| WILLIAMS COMPANIES DEL | 16,102 | 14,713 |
| ZOETIS INC | 11,891 | 23,183 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NORTON ROSE FULBRIGHT US LLP | 7,344 | 0 | 7,344 |
| Description | Amount |
|---|---|
| BOOK TO TAX ADJUSTMENT | 44 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MERRILL LYNCH FEES | 12,063 | 12,063 | 0 | |
| DEPOSITORY BANK (ADR) FEE | 9 | 9 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 196 | 196 | 0 |