| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLERGAN FUNDING 3.45% DUE 3/15/22 | ||
| ALLY FINL INC 1.45% DUE 10/2/23 | 25,110 | 24,444 |
| BANK OF AMERICA 4.125% DUE 1/22/24 | ||
| BANK OF AMERICA VAR DUE 3/5/29 | 21,921 | 19,562 |
| BANK OF MONTREAL 2.35% DUE 9/11/22 | ||
| BROADCOM INC 4.7% DUE 4/15/25 | ||
| CAPITAL ONE FINL 3.9% DUE 1/29/24 | 21,903 | 20,204 |
| CITIGROUP INC VAR DUE 10/27/28 | 16,578 | 14,445 |
| COMCAST CORP 3.95% DUE 10/15/25 | 22,564 | 20,416 |
| CVS HEALTH CORP 1.3% DUE 8/21/27 | 24,309 | 22,182 |
| GENERAL MOTOES 5.1% DUE 1/17/24 | 21,586 | 20,448 |
| GENERAL MOTORS 5.2% DUE 3/20/23 | ||
| GOLDMAN SACHS VAR 22 DUE 10/31/22 | ||
| GOLDMAN SACHS VAR 26 DUE 12/9/26 | 19,278 | 18,115 |
| JP MORGAN CHASE VAR 27 DUE 4/22/27 | 18,788 | 18,311 |
| MORGAN STANLEY 4% DUE 7/23/25 | 20,716 | 20,172 |
| ORACLE CORP DUE 4/1/30 | 17,036 | 13,081 |
| ROYAL BANK 1.15% DUE 6/10/25 | 20,103 | 18,654 |
| SIMON PROPERTY 2% DUE 9/13/24 | 20,392 | 19,498 |
| STARBUCKS CORP 3.55% DUE 8/15/29 | 22,984 | 19,194 |
| THE BANK OF NOVA 2.7% DUE 8/3/26 | 20,001 | 19,100 |
| THE BOEING CO 4.508% DUE 5/1/23 | 26,720 | 25,206 |
| TORONTO DOMINION 3.25% DUE 3/11/24 | 10,034 | 10,012 |
| TRUIST FINL 1.125% DUE 8/3/27 | 19,565 | 17,551 |
| VERIZON COMM 4.125% DUE 3/16/27 | 22,253 | 20,441 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 8,399 | 9,291 |
| ACCENTURE PLC | 5,994 | 23,877 |
| AMAZON | 16,340 | 24,042 |
| AMERICAN WATER WORKS | 10,653 | 37,661 |
| AMGEN INCORPORATED | 13,112 | 28,241 |
| APPLE INC | 6,104 | 59,536 |
| BERKSHIRE HATHAWAY | 4,637 | 12,639 |
| BROADCOM INC | 12,262 | 29,007 |
| CISCO SYSTEMS INC | 9,634 | 16,894 |
| COMCAST CORP | 12,825 | 13,284 |
| COSTCO WHSL CORP | 7,998 | 32,635 |
| DOMINION ENERGY INC | 10,493 | 14,739 |
| ECOLAB INC | 11,292 | 16,391 |
| FLAHERTY & CRUMRINE CLAY | 25,085 | 21,876 |
| GARMIN LTD | 14,525 | 10,562 |
| GENUINE PARTS CO | 16,899 | 27,346 |
| GOLDMAN SACHS 5.5% PFD | 26,010 | 24,150 |
| HOME DEPOT INC | 6,254 | 24,220 |
| INTEL CORP | ||
| JP MORGAN CHASE & CO | 8,904 | 23,140 |
| MERCK & CO INC | 16,462 | 27,609 |
| MICROSOFT CORP | 4,688 | 40,781 |
| NESTLE SA REG ADR | 14,042 | 23,172 |
| NEXTERA ENERGY INC | 10,484 | 37,239 |
| PAYPAL HOLDINGS INC | 12,748 | 6,817 |
| PEPSICO INC | 14,170 | 25,163 |
| STRYKER CORP | 6,732 | 23,450 |
| TAIWAN SEMICONDUCTOR | 4,072 | 23,825 |
| THE COCA-COLA CO | 9,460 | 12,676 |
| TOYOTA MOTOR CORP | 7,635 | 8,319 |
| UNION PACIFIC CORP | 9,620 | 13,187 |
| UNITEDHEALTH GRP INC | 6,130 | 24,839 |
| VERIZON COMMUNIZATIONS | 22,512 | 23,080 |
| VISA INC | 7,790 | 25,460 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| COLUMBIA MORTGAGE OPPTY | AT COST | 15,000 | 14,218 |
| INVESCO PREFERRED ETF | AT COST | 25,526 | 21,998 |
| PIMCO INCOME INST BD FD | AT COST | 18,615 | 17,639 |
| ARIEL INTERNATIONAL INST | AT COST | ||
| MIRAE ASSET EMERGING MKTS | AT COST | ||
| CLACKSTONE SENIOR SPDR | AT COST | 10,143 | 9,680 |
| Description | Amount |
|---|---|
| BOND AMORTIZATION | 11,263 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INVESTMENT MANAGEMENT FEES | 12,060 | 12,060 | ||
| INVESTMENT ADR FEES | 22 | 22 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 245 | 245 |