| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 3,395 | 0 | 3,395 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AIR LEASE CORP 3.75% 01 JUN 2026 | 3,856 | 3,756 |
| AMGEN INC 2.25% 19 AUG 2023 | 3,966 | 3,926 |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9% 23 JAN 2031 | 4,045 | 4,034 |
| AT&T INC 4.5% 15 MAY 2035 | 3,841 | 3,649 |
| BANK OF AMERICA CORP 6.11% 29 JAN 2037 | 3,038 | 3,097 |
| BANK OF AMERICA CORP VARIABLE 3.559% 23 APR 2027 | 4,000 | 3,773 |
| BANK OF NEW YORK MELLON CORP/THE .75% 28 JAN 2026 | 3,992 | 3,553 |
| BERKSHIRE HATHAWAY FINANCE CORP 4.25% 15 JAN 2049 | 4,503 | 3,558 |
| BLACKROCK INC 1.9% 28 JAN 2031 | 4,831 | 4,058 |
| BP CAPITAL MARKETS AMERICA INC 3.796% 21 SEP 2025 | 4,006 | 3,927 |
| CAPITAL ONE FINANCIAL CORP 3.65% 11 MAY 2027 | 3,952 | 3,762 |
| CHARLES SCHWAB CORP/THE .9% 11 MAR 2026 | 3,900 | 3,561 |
| CITIGROUP INC VARIABLE .776% 30 OCT 2024 | 6,001 | 5,715 |
| COMCAST CORP 3.75% 01 APR 2040 | 4,267 | 3,342 |
| FIDELITY NATIONAL INFORMATION SERVICES INC 1.65% 01 MAR 2028 | 4,797 | 4,192 |
| GILEAD SCIENCES INC 3.65% 01 MAR 2026 | 3,981 | 3,872 |
| GOLDMAN SACHS GROUP INC/THE VARIABLE 2.65% 21 OCT 2032 | 4,826 | 4,016 |
| HORMEL FOODS CORP .65% 03 JUN 2024 | 3,999 | 3,760 |
| HSBC HOLDINGS PLC VARIABLE 3.973% 22 MAY 2030 | 4,009 | 3,487 |
| INTEL CORP 2% 12 AUG 2031 | 4,844 | 4,015 |
| INTERNATIONAL BUSINESS MACHINES CORP 3.45% 19 FEB 2026 | 3,983 | 3,843 |
| INTERNATIONAL BUSINESS MACHINES CORP 3.5% 15 MAY 2029 | 3,946 | 3,707 |
| JPMORGAN CHASE & CO VARIABLE 3.782% 01 FEB 2028 | 8,055 | 7,539 |
| KROGER CO/THE 2.65% 15 OCT 2026 | 3,899 | 3,675 |
| LOWE'S COS INC 3.65% 05 APR 2029 | 4,105 | 3,724 |
| MOLSON COORS BEVERAGE CO 5% 01 MAY 2042 | 3,916 | 3,584 |
| MORGAN STANLEY 3.7% 23 OCT 2024 | 3,999 | 3,906 |
| ORACLE CORP 2.625% 15 FEB 2023 | 3,990 | 3,983 |
| PROCTER & GAMBLE CO/THE 3% 25 MAR 2030 | 3,991 | 3,661 |
| SOUTHERN CO/THE 3.7% 30 APR 2030 | 3,950 | 3,608 |
| SYSCO CORP 3.3% 15 FEB 2050 | 4,731 | 3,500 |
| TOYOTA MOTOR CREDIT CORP .8% 09 JAN 2026 | 3,996 | 3,564 |
| TRUIST FINANCIAL CORP 1.267% 02 MAR 2027 | 4,010 | 3,548 |
| VERIZON COMMUNICATIONS INC .85% 20 NOV 2025 | 4,000 | 3,585 |
| HP INC 3.4% 17 JUN 2030 | 4,875 | 4,295 |
| TOYOTA MOTOR CREDIT CORP 1.125% 18 JUN 2026 | 3,906 | 3,551 |
| BANK OF NOVA SCOTIA/THE 1.05% 02 MAR 2026 | 3,993 | 3,539 |
| EQUINOR ASA 3.7% 01 MAR 2024 | 4,017 | 3,948 |
| LLOYDS BANKING GROUP PLC SNR PIDI NTS 4.375% 22 MAR 2028 | 3,976 | 3,752 |
| MITSUBISHI UFJ FINANCIAL GROUP INC VARIABLE .848% 15 SEP 2024 | 4,001 | 3,845 |
| SHELL INTERNATIONAL FINANCE BV 2.375% 07 NOV 2029 | 3,845 | 3,496 |
| BANK OF NOVA SCOTIA/THE 2.2% 03 FEB 2025 | 3,991 | 3,768 |
| ROYAL BANK OF CANADA .875% 20 JAN 2026 | 8,896 | 7,989 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 4,126 | 13,937 |
| AMAZON.COM INC | 3,320 | 7,916 |
| APPLE INC | 3,306 | 28,126 |
| ELI LILLY & CO | 2,558 | 12,617 |
| EXXON MOBIL CORP | 7,157 | 14,029 |
| HILTON WORLDWIDE HOLDINGS INC | 4,049 | 5,134 |
| INTUIT INC | 698 | 4,483 |
| MASTERCARD INC | 8,292 | 8,910 |
| MICROSOFT CORP | 9,538 | 26,024 |
| NETFLIX INC | 1,962 | 2,444 |
| NVIDIA CORP | 1,735 | 6,938 |
| S&P GLOBAL INC | 6,977 | 5,292 |
| SALESFORCE INC | 5,499 | 4,808 |
| SBA COMMUNICATIONS CORP | 5,949 | 5,687 |
| T-MOBILE US INC | 8,200 | 9,088 |
| TESLA INC | 9,128 | 5,841 |
| TJX COS INC/THE | 7,440 | 8,645 |
| ZOETIS INC | 3,731 | 6,320 |
| BLACKROCK INC | 1,624 | 5,728 |
| CHEVRON CORP | 5,022 | 8,799 |
| COSTCO WHOLESALE CORP | 3,774 | 5,932 |
| FISERV INC | 5,671 | 4,696 |
| HERSHEY CO/THE | 6,299 | 6,585 |
| HOME DEPOT INC/THE | 3,290 | 7,776 |
| HONEYWELL INTERNATIONAL INC | 2,657 | 7,684 |
| MCDONALD'S CORP | 2,250 | 5,183 |
| MERCK & CO INC | 6,101 | 12,333 |
| META PLATFORMS INC | 5,239 | 3,425 |
| MONDELEZ INTERNATIONAL INC | 5,196 | 6,558 |
| NEXTERA ENERGY INC | 1,013 | 6,268 |
| NORTHROP GRUMMAN CORP | 7,278 | 10,666 |
| PPG INDUSTRIES INC | 3,845 | 4,327 |
| PROCTER & GAMBLE CO/THE | 4,529 | 6,712 |
| QUALCOMM INC | 3,694 | 6,451 |
| STRYKER CORP | 7,416 | 6,783 |
| THERMO FISHER SCIENTIFIC INC | 666 | 7,843 |
| UNITEDHEALTH GROUP INC | 7,163 | 13,146 |
| WALMART INC | 1,940 | 3,506 |
| AT&T INC | 6,069 | 5,900 |
| BEST BUY CO INC | 5,262 | 3,924 |
| DOMINION RESOURCES INC/VA | 7,525 | 5,744 |
| FIFTH THIRD BANCORP | 4,783 | 5,309 |
| GOLDMAN SACHS GROUP INC/THE | 4,308 | 5,406 |
| JPMORGAN CHASE & CO | 1,891 | 7,047 |
| PACKAGING CORP OF AMERICA | 5,600 | 5,436 |
| PIONEER NATURAL RESOURCES CO | 6,067 | 8,732 |
| PULTEGROUP INC | 4,612 | 3,851 |
| TRUIST FINANCIAL CORP | 2,518 | 3,464 |
| UNITED PARCEL SERVICE INC | 3,909 | 7,210 |
| ISHARES S&P SMALL-CAP 600 VALUE ETF | 52,440 | 52,773 |
| CHUBB LTD | 4,214 | 8,784 |
| EATON CORP PLC | 2,432 | 7,192 |
| HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO | 28,226 | 34,955 |
| SCHWAB FUNDAMENTAL INTERNATIONAL LARGE COMPANY INDEX | 60,553 | 69,611 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ARTISAN MID CAP FUND | AT COST | 35,977 | 33,653 |
| VIRTUS KAR SMALL-CAP GROWTH FUND | AT COST | 31,550 | 34,954 |
| JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | AT COST | 51,701 | 53,545 |
| DWS RREEF REAL ASSETS FUND | AT COST | 41,743 | 39,974 |
| JOHCM INTERNATIONAL SELECT FUND | AT COST | 76,718 | 69,970 |
| ARTISAN DEVELOPING WORLD FUND | AT COST | 25,928 | 26,546 |
| BARON EMERGING MARKETS FUND | AT COST | 54,035 | 59,083 |
| PGIM HIGH YIELD FUND | AT COST | 51,421 | 44,141 |
| DOUBLELINE EMERGING MARKETS FIXED INCOME FUND | AT COST | 10,649 | 8,608 |
| VANGUARD EMERGING MARKETS BOND FUND | AT COST | 15,083 | 13,717 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED RECEIVABLE | 791 | 1,701 | 1,701 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSES | 35 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS | 43 | 43 | 43 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 394 | 394 | 0 | |
| EXCISE TAX | 1,024 | 0 | 0 |