| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 45,627 | 60,920 |
| ABBVIE INC | 61,301 | 161,610 |
| ALCON INC | 8,434 | 13,710 |
| AMAZON.COM INC. | 127,923 | 67,200 |
| APPLE INC. | 50,498 | 415,776 |
| AT&T INC. | 180,760 | 128,870 |
| BANK AMERICA CORP NEW | 160,697 | 331,200 |
| BARRICK GOLD CORP. | 73,431 | 68,720 |
| BLACKSTONE GROUP | 117,171 | 370,950 |
| BOYDS COLLECTION LTD | 67,674 | 0 |
| CHEMOURS COMPANY (THE) COM | 45,052 | 30,620 |
| CHEVRON TEXACO CORP | 41,777 | 179,490 |
| CITIGROUP INC. | 153,305 | 135,690 |
| CONOCOPHILLIPS | 58,967 | 118,000 |
| CORTEVA INC | 38,989 | 117,560 |
| CVS | 209,548 | 279,570 |
| DEERE & CO. | 86,181 | 428,760 |
| DELTA AIR LINES INC. | 90,395 | 65,720 |
| DEVON ENERGY CORP NEW | 67,188 | 123,020 |
| DOW INC | 126,138 | 151,170 |
| DU PONT DE NEMOURS | 111,733 | 137,260 |
| EATON CORPORATION PLC | 68,392 | 156,950 |
| ELANCO ANIMAL HEALTH | 80,259 | 36,660 |
| ELI LILLY & CO. | 76,804 | 548,760 |
| EQUINOR ADA SPONDSORED ADR | 43,884 | 71,620 |
| EXELON CORPORATION | 22,058 | 43,230 |
| FORD MOTOR CO | 95,413 | 69,780 |
| GAZPROM O A O | 35,576 | 0 |
| GENERAL ELECTRIC | 253,432 | 146,633 |
| GENERAL MOTORS COMPANY | 39,864 | 33,640 |
| GILEAD SCIENCES INC | 151,277 | 171,700 |
| GLAXOSMITHKLINE PLC | 91,633 | 84,336 |
| HONDA MOTOR CO LTD | 36,569 | 22,860 |
| HONEYWELL INTL INC | 34,694 | 214,300 |
| INFINERA CORP | 12,472 | 13,480 |
| INTEL CORP | 209,126 | 185,010 |
| JP MORGAN CHASE & CO. | 87,684 | 268,200 |
| KEYCORP | 42,516 | 52,260 |
| KINDER MORGAN INC | 87,905 | 54,240 |
| KKR & CO LP | 251,758 | 557,040 |
| MERCK & CO INC. | 216,418 | 443,800 |
| MICROSOFT CORP | 152,242 | 1,199,100 |
| NOVARTIS AG | 60,604 | 90,720 |
| PFIZER INC | 189,564 | 307,440 |
| PROLOGIS INC | 75,222 | 188,823 |
| PRUDENTIAL FINANCIAL INC. | 45,167 | 49,730 |
| REPUBLIC SERVICES INC | 32,412 | 128,990 |
| RIO TINTO PLC | 48,625 | 71,200 |
| RLJ LODGING TRUST | 102,527 | 52,950 |
| SASOL LTD | 43,603 | 15,710 |
| T MOBILE US, INC | 90,276 | 140,000 |
| TOYOTA MOTOR CORPORATION | 117,095 | 136,580 |
| TRANSOCEAN LTD | 60,477 | 13,680 |
| US BANCORP DEL (NEW) | 129,913 | 174,440 |
| VERIZON COMMUNICATIONS | 48,502 | 39,400 |
| VIATRIS INC | 25,994 | 22,260 |
| VODAFONE GROUP PLC | 71,361 | 20,240 |
| WALMART INC | 137,781 | 141,790 |
| WALT DISNEY CO. | 99,437 | 86,880 |
| WASTE MANAGEMENT INC | 36,913 | 156,880 |
| WEYERHAEUSER CO | 87,294 | 93,000 |
| XEROX CORP | 23,972 | 10,950 |
| YANDEX N V | 71,809 | 52,718 |
| ZOETIS INC. | 30,949 | 146,550 |
| BRISTOL MYERS SQUIBB CO | 61,932 | 71,950 |
| INTERNATIONAL BUSINESS MACHINES CORP | 118,105 | 140,890 |
| ORGANON & CO | 72,323 | 67,032 |
| SYLVAMO CORPORATION | 77,789 | 145,770 |
| TEVA PHARMACEUTICAL | 37,413 | 27,360 |
| ACCELLERON INDS LTD. | 1,557 | 2,069 |
| ABSCI CORPORATION | 54,639 | 21,000 |
| AES CORP | 34,175 | 43,140 |
| CONSTELLATION ENERGY | 9,283 | 28,708 |
| FLEX LNG LTD. | 64,395 | 65,380 |
| HALEON PLC | 20,333 | 24,000 |
| HF SINCLAIR CORPORATION | 89,250 | 103,780 |
| SHELL PLC | 188,869 | 170,850 |
| VOLKSWAGEN A G | 15,073 | 12,425 |
| WARNER BROS DISCOVERY INC | 56,606 | 16,050 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS, L.P. | FMV | 12,375 | 48,240 |
| MAGELLAN MIDSTREAM PARTNERS, LP | FMV | 0 | 301,260 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 23,391 |
| PRIOR PERIOD LIABILITY ADJUSTMENT | 7,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 662 | 662 | 0 | |
| ANNUAL REPORT | 50 | 0 | 50 | |
| FROM PASSTHROUGHS | 0 | 947 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NONTAXABLE DISTRIBUTIONS | 15,507 | 0 | 15,507 |
| FROM PASSTHROUGHS | 26,432 | 0 | 26,432 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| UNCASHED CHECKS | 0 | 238,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE TAXES | 2,398 | 0 | 0 | |
| FEDERAL TAXES | 3,686 | 0 | 0 | |
| FOREIGN TAXES | 2,710 | 2,710 | 0 |