| 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 |
|---|---|---|
| BANK AMER CORP MTN - 2.884% - | 7,360 | 7,250 |
| CITIGROUP INC NOTE - 3.668% - | 8,131 | 8,647 |
| COMCAST CORP NOTE - 4.150% - 1 | 7,439 | 7,991 |
| CVS CAREMARK CORP NOTE - 4.300 | 9,246 | 9,061 |
| ENTERPRISE PRODUCTS OPERTATING | 4,805 | 6,170 |
| GE CAP CORP NTS - 5.875% - 01/ | 5,879 | 6,902 |
| GOLDMAN SACHS - 3.800% - 03/15 | 8,038 | 7,751 |
| JP MORGAN CHASE BANK - 4.203% | 10,102 | 11,214 |
| MORGAN STANLEY FIN LLC NT LKD | 100,000 | 103,921 |
| SHELL INT'L FINANCE - 2.875% - | 8,947 | 9,597 |
| VERIZON COMMUNICATIONS INC - 4 | 7,060 | 6,707 |
| WELLS FARGO - 3.584% - 08/05/2 | 8,150 | 8,628 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 1,771 | 2,181 |
| ACCENTURE PLC | 2,824 | 7,176 |
| ADIDAS AG | 686 | 655 |
| AIA GROUP LTD ADR | 2,117 | 2,805 |
| AIRBUS GROUP | 1,397 | 1,920 |
| ALLEGION PLC | 7,373 | 9,238 |
| ALLIANCEBERN GLOBAL THEMATIC G | 124,999 | 158,345 |
| ALPHABET INC CL A | 7,812 | 23,687 |
| AMAZON COM | 12,397 | 20,235 |
| AMERICAN ELECTRIC POWER INC | 4,105 | 3,981 |
| AMERICAN EXPRESS CO | 12,403 | 22,070 |
| AMGEN INC | 10,759 | 8,900 |
| ANALOG DEVICES INC | 8,887 | 9,715 |
| ANHEUSER BUSCH COS INC | 1,535 | 1,531 |
| ANSYS INC | 5,275 | 7,212 |
| AON PLC CL A | 590 | 960 |
| APPLE INC | 4,414 | 10,636 |
| ASAHI KAISAI CP ADR | 479 | 633 |
| ASML HOLDING NV NY REG SHS | 1,958 | 4,877 |
| ASPEN TECHNOLOGY, INC | 5,861 | 8,775 |
| ASSA ABLOY UNSP/ADR | 399 | 572 |
| ASSOCIATED BRITISH FOODS PLC | 830 | 621 |
| ASTRAZENECA | 2,824 | 3,244 |
| ATLASSIAN CORP PLC | 513 | 916 |
| AUTOMATIC DATA PROCESSING INC | 8,362 | 9,878 |
| B&M EUROPEAN VALUE RETAIL SA A | 459 | 627 |
| BANCO BILBAO ARG SA | 937 | 1,324 |
| BANK OF AMERICA CORP | 14,154 | 24,416 |
| BEIGENE LTD | 789 | 1,431 |
| BENTLEY SYSTEMS INC CL B | 6,871 | 12,244 |
| BERKLEY W R CP | 8,266 | 10,985 |
| BLACKROCK HIGH YIELD BOND PORT | 77,114 | 75,572 |
| BLACKROCK INC | 6,246 | 10,378 |
| BLACKROCK TECHNOLOGY OPPORTUNI | 100,000 | 127,601 |
| BNP PARIBAS SPONS ADR | 459 | 503 |
| BRIGHT HORIZONS FAMILY SOLUTIO | 8,292 | 9,628 |
| BRITISH AMERICAN TOBACCO PLC | 2,154 | 1,851 |
| BROADCOM INC | 9,787 | 10,102 |
| CALRSBERG AS SP ADR REP B | 1,815 | 2,225 |
| CDW CORP | 7,629 | 12,879 |
| CHARLES RIV LABORATORIES INTL | 8,256 | 21,088 |
| CHEMED CORP | 6,784 | 7,234 |
| CHEVRON CORP | 15,987 | 23,928 |
| CHUBB LIMITED | 6,811 | 11,332 |
| CISCO SYSTEMS INC | 8,589 | 12,425 |
| COMCAST CORP | 22,914 | 29,521 |
| COMPAGNIE FINANCIERE RICHEMONT | 1,001 | 1,307 |
| COOPER COMPANIES INC | 9,273 | 12,091 |
| COPART INC | 6,990 | 12,113 |
| DAIICHI SANKYO CO LTD SPONSORE | 711 | 608 |
| DBS GROUP HLDGS SPON ADR | 1,195 | 1,412 |
| DCT INDUSTRIAL TRUST INC | 6,352 | 4,190 |
| DEUTSCHE BOERSE ADR | 537 | 530 |
| DIAGEO PLC ADS | 7,458 | 11,381 |
| DISCOVER FINL SVCS COM | 7,258 | 7,139 |
| DNB BANK ASA | 879 | 1,309 |
| DRIEHAUS EMERGING MARKETS GROW | 65,000 | 105,510 |
| DSV UNSP ADR EACH REPR 0.5 ORD | 484 | 1,050 |
| ELANCO ANIMAL HEALTH INCORPORA | 5,962 | 7,727 |
| ENEL SOCIETA PER AZI | 2,163 | 2,091 |
| ENGIE | 1,996 | 2,076 |
| EOG RESOURCES INC | 9,380 | 11,095 |
| EPIROC AB | 1,058 | 1,175 |
| EQUIFAX INC | 7,379 | 12,762 |
| ESSILOR INTL ADR | 1,519 | 2,391 |
| EXPONENT, INC | 4,635 | 6,888 |
| FAIR ISSAC & CO INC | 4,791 | 4,778 |
| FLUTTER ENTMT PLC ADR | 370 | 474 |
| GENMAB A/S SPON | 1,416 | 2,053 |
| GIVAUDAN SA UNSP/ADR | 1,456 | 1,888 |
| HDFC BANK LTD ADR | 824 | 1,151 |
| HENRY JACK & ASSOC INC | 6,774 | 6,326 |
| HERMES INTL 10 ADR | 844 | 1,593 |
| HOME DEPOT INC | 23,475 | 38,661 |
| HONEYWELL INTL | 11,264 | 19,894 |
| HONG KONG EX&CL UNSP/ADR | 817 | 1,207 |
| HOYA CORP SPONS ADR | 860 | 1,328 |
| HUTCHINSON CHINA MEDITECH LTD | 458 | 559 |
| IBERDROLA ADR | 736 | 805 |
| INDUSTRIA DE DISENO | 1,272 | 1,398 |
| ING GROUP N V SPONSORED ADR | 489 | 605 |
| INTERACTIVE BROKERS GROUP, INC | 6,549 | 8,927 |
| ISHARE SP SMALL CAP 600 INDEX | 3,627 | 6,331 |
| ISHARES CORE MSCI EAFE ETF | 57,091 | 68,706 |
| ISHARES CORE MSCI EMERGING MAR | 26,263 | 30,591 |
| ISHARES CURRENCY HEDGED MSCI J | 6,124 | 6,450 |
| ISHARES MSCI RUSSIA CAPPED IND | 6,278 | 6,159 |
| ISHARES RUSSELL MIDCAP VALUE | 5,935 | 6,203 |
| ISHARES TRUST MSCI EAFE INDEX | 11,162 | 14,488 |
| JARDINE MATHESON UNS/ADR | 404 | 582 |
| JOHNSON & JOHNSON | 30,829 | 35,508 |
| JP MORGAN CHASE | 22,842 | 38,055 |
| KERING UNSPON ADR EA REPR 0.1 | 1,705 | 2,409 |
| KEYENCE CORPORATION,FIRST SECT | 2,495 | 3,637 |
| KON KPN NV SPON ADR REP 1 ORD | 473 | 575 |
| KONINKLIJKE PHILIPS ELECTRONIC | 762 | 803 |
| L'AIR LIQUIDE ADR OTC | 1,452 | 1,571 |
| L'OREAL ADR | 929 | 1,465 |
| LENNOX INTL INC | 6,453 | 8,978 |
| LIGHTSPEED POS SUBORDINATE VOT | 500 | 391 |
| LINDE PLC COM | 6,903 | 12,449 |
| LOCKHEED MARTIN CORP | 6,995 | 7,643 |
| LONDON STK EXCHANGE GROUP | 2,481 | 2,380 |
| LOOMIS SAYLES SR FLOATING RATE | 132,399 | 135,225 |
| LPL FINANCIAL HOLDINGS INC | 8,799 | 10,825 |
| LVMH MOET HENN UNSP | 682 | 1,259 |
| MARSH AND MCLENNAN COMPANIES I | 4,164 | 8,674 |
| MASTERCARD INC | 8,803 | 19,796 |
| MCDONALD'S CORP | 6,814 | 10,313 |
| MEDTRONIC PLC | 24,709 | 32,962 |
| MERCADOLIBRE, INC | 847 | 1,481 |
| META PLATFORMS INC | 11,028 | 18,767 |
| MICROSOFT CORP | 14,016 | 60,355 |
| MORGAN STANLEY | 7,056 | 7,092 |
| MSCI INC | 8,101 | 16,622 |
| MURATA MFG INC UNSP/ADR | 491 | 631 |
| NESTLE S.A | 2,064 | 2,505 |
| NETEASE.COM INC COM STK | 865 | 683 |
| NEXTERA ENERGY, INC | 2,856 | 4,778 |
| NICE SYSTEMS LTD | 556 | 566 |
| NIDEC CORPORATION ADR | 567 | 998 |
| NIPPON TELEGRAPH & TELEPHONE C | 755 | 927 |
| NORDSON CP | 9,076 | 12,711 |
| NOTORI HOLDINGS | 1,164 | 1,100 |
| NOVARTIS AG ADR | 6,135 | 5,793 |
| NOVO NORDISK A S | 2,566 | 4,295 |
| ORSTED A S | 723 | 660 |
| PAYPAL HOLDINGS, INC | 8,442 | 17,677 |
| PERNOD-RECARD SA | 697 | 1,010 |
| PHILLIPS 66 | 5,825 | 6,356 |
| PNC FINANCIAL GROUP INC | 10,956 | 11,818 |
| POOL CORP | 8,276 | 16,485 |
| PROCTER GAMBLE CO | 8,038 | 10,152 |
| QUALCOMM INC | 10,266 | 9,446 |
| RAYTHEON TECHNOLOGIES CORP | 8,700 | 11,730 |
| RECKITT BENCKISER GROUP | 894 | 812 |
| RECRUIT HOLDINGS CO | 842 | 1,331 |
| RELX PLC | 1,545 | 1,871 |
| REPUBLIC SVCS INC | 4,097 | 7,672 |
| RIO TINTO PLC SPONSORED ADR | 362 | 380 |
| ROCKWELL AUTOMATION INC | 4,312 | 7,027 |
| ROLLINS INC | 4,355 | 5,742 |
| SAFRAN SA - UNSPON ADR | 1,738 | 2,357 |
| SALESFORCE.COM | 20,110 | 25,474 |
| SAP AKTIENGESELL ADS | 2,280 | 2,461 |
| SCOTTS CO. CLASS A | 13,417 | 13,955 |
| SHIN-ETSU CHEMICAL C | 1,323 | 2,003 |
| SHIONOGI & CO LTD | 1,277 | 1,434 |
| SITEONE LANDSCAPE SUPPLY INC | 7,779 | 17,152 |
| SMC CORP | 1,591 | 1,767 |
| SOFTBANK CP UNSP ADR | 442 | 513 |
| STARBUCKS CORP COM | 3,472 | 3,288 |
| STMICROELECTRONICS | 1,628 | 2,001 |
| STRAUMANN HLDG | 659 | 1,650 |
| T. ROWE PRICE HEALTH SCIENCES | 60,000 | 85,717 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 1,430 | 3,184 |
| TELEDYNE TECH INC | 2,644 | 4,941 |
| TENCENT HOLDINGS LIMITED | 1,448 | 1,520 |
| TERADYNE INC | 6,444 | 13,686 |
| TEXAS INSTRUMENTS INC | 7,391 | 10,874 |
| TFI INTERNATIONAL | 628 | 1,662 |
| THE COCA-COLA CO | 11,046 | 12,965 |
| THOR INDS INC | 8,646 | 10,298 |
| TJX COMPANIES INC | 17,661 | 19,647 |
| TOKYO ELECTRON LTD | 528 | 700 |
| TOTALENERGIES SE | 1,088 | 1,303 |
| TRUIST FINANCIAL CORPORATION | 10,282 | 12,821 |
| TRUMY | 635 | 707 |
| UNICHARM CORP - SPN ADR | 610 | 649 |
| UNION PACIFIC | 7,381 | 11,587 |
| UNITED PARCEL SERVICE | 9,793 | 12,381 |
| UNITEDHEALTH GROUP INC | 10,118 | 23,484 |
| V F CORP | 9,739 | 10,349 |
| VANGARD RUSSELL 1000 GROWTH | 6,188 | 6,358 |
| VANGUARD GROWTH ETF | 14,961 | 19,163 |
| VANGUARD LG-CAP ETF | 39,786 | 73,348 |
| VANGUARD MID-CAP ETF | 16,781 | 25,488 |
| VANGUARD RUSSELL 1000 VALUE ET | 11,439 | 12,420 |
| VANGUARD RUSSELL 2000 ETF | 10,751 | 12,814 |
| VANGUARD VALUE ETF | 7,803 | 12,276 |
| WELLS FARGO & CO | 10,001 | 10,846 |
| WESTERN ASSET SMASH SERIES C F | 46,340 | 49,037 |
| WESTERN ASSET SMASH SERIES EC | 126,190 | 130,921 |
| WESTERN ASSET SMASH SERIES M F | 72,517 | 71,789 |
| WISDOMTREE JAPAN HEDGED EQUITY | 6,170 | 6,403 |
| ZEBRA TECHNOLOGIES CORP | 9,087 | 18,688 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ASPEN STILLWATER PROPERTIES, L | 747,530 | 2,360,547 | |
| MCGREW-MEYERS HOLDINGS, L.L.C. | 473,894 | 597,978 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 20,358 | 20,358 | ||
| Bank Charges | 103 | 103 | ||
| K-1 Exp MCGREW-MEYERS HOLDINGS | 405 | 405 | ||
| State or Local Filing Fees | 50 | 50 | ||
| REGISTERED AGENT FEE | 270 | 270 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 Inc/Loss ASPEN STILLWATER PROPERTIES, LLC | 789 | 789 | |
| K-1 Inc/Loss MCGREW-MEYERS HOLDINGS, L.L.C. | 193 | 193 | |
| Federal Tax Refund | 3,123 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 32,882 | 32,882 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2021 | 3,800 | |||
| Foreign Tax Paid | 429 | 429 |