| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,850 | 2,850 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK AMER CORP | 25,000 | 37,775 |
| GOLDMAN SACHS (SX5E MPCD ISS GS) | 25,000 | 29,150 |
| PNC FINANCIAL VAR PFD | 7,229 | 6,873 |
| REINSURANCE GRPS6.2% | 4,824 | 4,605 |
| US BANCORP PFD | 6,942 | 6,425 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LOCKHEED MARTIN CORP | 139,835 | 239,902 |
| AIR PRODUCT & CHEMICALS | 16,097 | 21,602 |
| AMERICAN ELECTRIC POWER INC | 17,614 | 17,794 |
| CISCO SYSTEMS INC | 21,628 | 25,475 |
| EDISON INTL | 12,049 | 12,422 |
| HOME DEPOT INC | 11,663 | 22,826 |
| ILLINOIS TOOL WORKS INC | 8,585 | 14,314 |
| INVESCO TR II | 33,009 | 34,395 |
| ISHARES MBS ACQ'D TAX LOTS | 47,094 | 46,517 |
| LAMAR ADVERTISING CO NEW | 14,506 | 21,591 |
| NATIONAL RETAIL PPTYS INC | 19,085 | 17,353 |
| PEOPLE'S UNITED FINANCIAL | 15,670 | 16,804 |
| PFIZER INCORP ACQ'D NET TAX LOTS | 15,197 | 22,793 |
| PROCTER & GAMBLE CO | 9,653 | 14,068 |
| PROGRESSIVE CORP OHIO | 16,635 | 20,735 |
| SPDR BLOOMBERG BARCLAYS SHRT TERM HI | 44,954 | 45,123 |
| SPIRE INC | 16,244 | 12,718 |
| US BANKCORP NEW | 27,462 | 27,467 |
| V F CORPORATION | 7,849 | 7,102 |
| VANGUARD LONG TERM CORP BOND | 20,011 | 21,803 |
| VERIZON COMMUNICATIONS | 9,654 | 8,885 |
| WALMART INC | 10,072 | 13,167 |
| WATSCO INC | 11,823 | 22,840 |
| XCEL ENERGY INC | 17,415 | 19,565 |
| XTRACKERS USD HIGH YLD | 83,725 | 87,011 |
| CHEVRON CORP | 15,606 | 16,194 |
| INTEL CORP | 18,381 | 17,201 |
| INVESCO TR II TAXABLE MUN | 22,777 | 22,775 |
| BANK OF NY MELLON CORP | 29,618 | 32,931 |
| ISHARES TR BROAD USD HI YLD | 71,935 | 71,918 |
| PHILLIPS 66 | 26,540 | 21,521 |
| PNC FINANCIAL SVCS GRP | 27,823 | 28,474 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMER FUNDS NEW | AT COST | 350,069 | 501,966 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 750 | 750 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 273 | 273 | 0 | |
| PHONE EXPENSE | 1,348 | 1,348 | 0 | |
| OTHER EXPENSE | 133 | 133 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ENERGY TRANSFER PARNERS LP | 329 | 329 | 329 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE FEES | 17,756 | 17,756 | 0 |
| Name | Address |
|---|---|
| JOSEPH LOYD HORTONIII |
527 LONGMEADOW RD GREENVILLE,NC27858 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 179 | 179 | 0 |