| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,150 | 1,575 | 1,575 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FREEPORT MCMORAN INC B/E 4.55% DUE 11/14/24 | 12,794 | 12,860 |
| SEAGATE HDD CAYMAN FGN 4.75% DUE 01/01/25 | 12,738 | 12,894 |
| MGM RESORTS INTERNATIONAL B/E 4.625% DUE 09/01/26 | 11,218 | 11,711 |
| HILLENBRAND INC B/E 5% DUE 09/15/26 | 11,741 | 11,862 |
| TEVA PHARMACEUTICAL FIN NETH FGN 3.15% DUE 10/01/26 | 11,552 | 12,037 |
| FORD MTR CO DEL B/E 4.36% DUE 12/08/26 | 11,523 | 11,701 |
| MORGAN STANLEY B/E 3.625% DUE 01/20/27 | 23,523 | 24,253 |
| GOLDMAN SACHS GROUP INC B/E 3.85% DUE 01/26/27 | 23,620 | 24,319 |
| MURPHY OIL USA INC B/E 5.625% DUE 05/01/24 | 11,634 | 11,895 |
| BEAZER HOMES USA INC B/E 5.875% DUE 10/15/27 | 3,879 | 3,907 |
| D R HORTON INC B/E 1.4% DUE 10/15/27 | 21,463 | 22,269 |
| MARRIOTT INTL INC NEW B/E 10/15/27 | 24,646 | 25,311 |
| DANA INC B/E 5.375% DUE 11/15/27 | 10,421 | 10,924 |
| BOYD GAMING CORP B/E 4.75% DUE 12/01/27 | 11,210 | 11,544 |
| NETFLIX INC B/E 4.875% DUE 04/15/28 | 24,546 | 25,342 |
| CITIGROUP INC B/E 4.658% DUE 05/24/28 | 24,173 | 24,845 |
| BANK OF AMERICA CORP B/E 4.948% DUE 07/22/28 MTN | 24,327 | 25,016 |
| JPMORGAN CHASE & CO B/E 4.851% DUE 07/25/28 | 24,439 | 25,026 |
| UNION PAC CORP B/E 3.95% DUE 09/10/28 | 24,010 | 24,817 |
| HOWMET AEROSPACE INC B/E 3% DUE 01/15/29 | 10,427 | 10,953 |
| WELLS FARGO & CO B/E 4.15% DUE 01/24/29 MTN | 23,352 | 24,327 |
| SOUTHWESTERN ENERGY CO B/E 5.375% DUE 02/01/29 | 12,143 | 12,687 |
| AT&T INC B/E 4.35% DUE 03/01/29 | 23,777 | 24,695 |
| WASTE MGMT INC DEL B/E 2% DUE 06/01/29 | 21,132 | 22,271 |
| HOME DEPOT INC B/E 2.95% DUE 06/15/29 | 22,563 | 23,522 |
| QORVO INC B/E 4.375% DUE 10/15/29 | 10,773 | 11,385 |
| TOLL BROS FIN CORP B/E 3.8% DUE 11/01/29 | 10,622 | 11,256 |
| PACKAGING CORP AMER B/E 3% DUE 12/15/29 | 21,587 | 22,656 |
| UNITED RENTALS NORTH AMER INC B/E 5.25% DUE 01/15/30 | 11,298 | 11,838 |
| WASTE CONNECTIONS INC FGN 2.6% DUE 02/01/30 | 21,439 | 22,467 |
| SYSCO CORP B/E 2.4% DUE 02/15/30 | 21,058 | 22,085 |
| REPUBLIC SVCS INC B/E 2.3% DUE 03/01/30 | 21,095 | 22,040 |
| NIKE INC B/E 2.85% DUE 03/27/30 | 22,267 | 23,017 |
| LOWES COS INC B/E 4.5% DUE 04/15/30 | 24,007 | 24,890 |
| COVANTA HLDG CORP B/E 5% DUE 09/01/30 | 10,964 | 11,065 |
| YUM BRANDS INC B/E 3.625% DUE 03/15/31 | 11,007 | 11,724 |
| PILGRIMS PRIDE CORP B/E 4.25% DUE 04/15/31 | 3,326 | 3,613 |
| GOODYEAR TIRE & RUBR CO B/E 5.25% DUE 04/30/31 | 11,282 | 11,897 |
| FEDEX CORP B/E 2.4% DUE 05/15/31 | 20,473 | 21,552 |
| CANADIAN PAC RY CO NEW FGN 2.45% DUE 12/02/31 | 21,600 | 23,232 |
| CHURCH & DWIGHT CO INC B/E 2.3% DUE 12/15/31 | 20,376 | 21,280 |
| ALEXANDRIA REAL ESTATE EQ INC B/E 1.875% DUE 02/01/33 | 18,024 | 19,502 |
| WRKCO INC B/E 3% DUE 06/15/33 | 20,013 | 21,584 |
| T MOBILE USA INC B/E 5.05% DUE 07/15/33 | 24,114 | 25,241 |
| MACYS RETAIL HLDGS LLC B/E 4.5% DUE 12/15/34 | 7,333 | 8,101 |
| KRAFT HEINZ FOODS CO B/E 4.375% DUE 06/01/46 | 20,720 | 21,900 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADIENT PLC ORD SHS | 2,667 | 5,563 |
| CREDICORP LTD | 5,921 | 6,447 |
| GATES INDUSTRIAL CORPRATIN PLC ORD SHS | 8,978 | 8,092 |
| JAZZ PHARMACEUTICALS PLC SHS USD | 10,086 | 8,856 |
| LIBERTY GLOBAL PLC SHS CL C | 69,237 | 59,853 |
| LINDE PLC | 3,577 | 9,446 |
| LIBERTY LATIN AMERICA LTD COM CL C | 2,385 | 631 |
| XP INC CL A | 6,605 | 6,231 |
| ALCON AG ORD SHS | 8,423 | 10,312 |
| GLOBANT S A | 14,006 | 13,803 |
| CYBERARK SOFTWARE LTD ORD | 10,965 | 15,334 |
| AERCAP HOLDINGS NV | 19,305 | 29,728 |
| ASML HOLDING N V N Y REGISTRY SHS | 19,039 | 20,437 |
| YANDEX N V SHS CLASS A | 3,013 | 0 |
| FLEX LTD ORD | 7,853 | 22,388 |
| AIA GROUP LTD SPONSORED ADR | 10,879 | 10,748 |
| ACADIA HEALTHCARE COMPANY INC | 4,837 | 8,554 |
| ADOBE SYSTEMS INCORPORATED | 5,316 | 28,637 |
| ADYEN N V UNSPONSRED ADS | 10,133 | 8,539 |
| ADVANCED MICRO DEVICES INC | 13,154 | 19,311 |
| AFFILIATED MANAGERS GROUP INC | 3,680 | 8,934 |
| AGREE RLTY CORP REIT | 8,090 | 7,491 |
| AIR LEASE CORP CL A | 4,188 | 7,675 |
| AIR LIQUIDE ADR | 4,093 | 8,102 |
| ALFA LAVAL AB SWEDEN ADR | 4,503 | 10,555 |
| ALIGN TECHNOLOGY INC | 8,935 | 9,042 |
| BREAD FINANCIAL HOLDINGS INC | 2,445 | 2,965 |
| ALLIANZ SE UNSPONSRD ADS | 22,282 | 28,425 |
| AMAZON COM INC | 12,933 | 51,812 |
| AMBEV SA SPONSORED ADR | 8,203 | 6,829 |
| AMERIPRISE FINL INC | 11,853 | 34,565 |
| APPLE INC | 20,859 | 29,650 |
| APTARGROUP INC | 4,596 | 5,563 |
| ARROW ELECTRS INC | 5,662 | 11,125 |
| ASSA ABLOY AB ADR | 6,102 | 8,053 |
| ASSURANT INC | 9,480 | 13,985 |
| ATKORE INC | 8,409 | 11,360 |
| ATLANTIC UN BANKSHARES CORP | 8,794 | 8,112 |
| ATLAS COPCO AB SP ADR A NEW | 4,698 | 12,994 |
| BJS WHSL CLUB HLDGS INC | 6,421 | 14,532 |
| BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | 9,599 | 13,741 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | 26,994 | 49,576 |
| BERRY GLOBAL GROUP INC | 7,070 | 13,276 |
| BHP GROUP LTD SPONSORED ADS | 20,616 | 18,307 |
| BIO RAD LABS INC CL A | 9,455 | 8,072 |
| BIONTECH SE SPONSORED ADS | 7,783 | 8,760 |
| BLACKSTONE INC | 15,688 | 19,507 |
| BOOZ ALLEN HAMILTON HLDG CORP CL A | 4,738 | 14,198 |
| BRIGHT HORIZONS FAM SOL IN DEL | 10,002 | 8,859 |
| BROADCOM INC | 10,157 | 40,185 |
| AZENTA INC | 10,513 | 10,357 |
| BURLINGTON STORES INC | 7,936 | 8,946 |
| CCC INTELLIGENT SOLUTIONS HLD | 9,519 | 9,306 |
| CIGNA CORP NEW | 23,204 | 26,651 |
| CADENCE DESIGN SYSTEM INC | 10,825 | 13,074 |
| CANADIAN NATL RY CO | 4,363 | 7,287 |
| CARTER'S INC | 4,225 | 3,969 |
| CATALENT INC | 4,835 | 4,448 |
| CAVCO INDS INC DEL | 4,746 | 14,211 |
| CELANESE CORP DEL | 24,989 | 27,811 |
| CENTENE CORP DEL | 20,386 | 24,860 |
| CHAMPIONX CORPORATION | 3,294 | 4,382 |
| CHART INDS INC | 6,011 | 4,772 |
| CHEVRON CORP NEW | 24,017 | 33,859 |
| CHIPOTLE MEXICAN GRILL INC | 13,305 | 22,870 |
| CHUGAI PHARMACEUTICAL CO LTD ADR CASH | 9,142 | 12,253 |
| CHUGAI PHARMACEUTICAL CO LTD ADR MRGN | 6,394 | 10,537 |
| CITIGROUP INC COM NEW | 53,567 | 56,430 |
| COGNEX CORP | 11,313 | 10,727 |
| COLUMBUS MCKINNON CORP N Y | 8,331 | 6,750 |
| COMFORT SYS USA INC | 5,544 | 14,191 |
| CONCENTRIX CORP | 11,258 | 8,250 |
| DBS GROUP HOLDINGS LTD SPONSORED ADR | 15,150 | 24,707 |
| DAIFUKU CO LTD UNSPONSORED ADS | 5,668 | 5,851 |
| DANONE SPONSORED ADR | 39,737 | 38,008 |
| DASSAULT SYSTEMES SPONSORED ADR | 14,504 | 20,686 |
| DEXCOM INC | 5,624 | 19,854 |
| DORMAN PRODS INC | 4,959 | 7,423 |
| ENN ENERGY HLDGS LTD UNSPONSORD ADR | 10,561 | 4,384 |
| EAGLE MATLS INC | 5,583 | 13,185 |
| EASTERLY GOVT PPTYS INC REIT | 7,937 | 6,317 |
| EASTGROUP PPTYS INC REIT | 7,884 | 8,626 |
| EBAY INC. | 32,319 | 26,565 |
| ELEMENT SOLUTIONS INC | 9,538 | 11,547 |
| ENTEGRIS INC | 5,445 | 13,540 |
| EPIROC AKTIEBOLAG UNSPONSRED ADS | 5,109 | 10,554 |
| EXPEDIA GROUP INC COM NEW | 23,420 | 33,090 |
| EXPONENT INC | 3,251 | 7,836 |
| META PLATFORMS INC CL A | 8,991 | 9,911 |
| FAIRFAX FINL HLDGS LTD SUB VTG | 15,726 | 53,404 |
| FEDERAL SIGNAL CORP | 5,039 | 11,434 |
| FEDEX CORP | 19,896 | 30,103 |
| F5 INC | 13,512 | 17,540 |
| FIDELITY NATL INFORMATION SVCS | 30,674 | 32,918 |
| FIVE BELOW INC | 4,869 | 11,084 |
| FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS | 13,300 | 23,202 |
| GENERAL MTRS CO | 46,166 | 49,067 |
| GENMAB A/S SPONSORED ADS | 9,768 | 8,183 |
| GENTHERM INC | 7,482 | 5,288 |
| GIBRALTAR INDS INC | 5,129 | 9,162 |
| GLACIER BANCORP INC NEW | 4,347 | 6,033 |
| GLOBAL PMTS INC | 36,764 | 35,687 |
| GLOBUS MED INC CL A | 8,664 | 9,219 |
| GRAND CANYON ED INC | 5,609 | 6,338 |
| HCA HEALTHCARE INC | 10,031 | 22,196 |
| HDFC BANK LTD SPONSORED ADS | 7,952 | 11,140 |
| HAIER SMART HOME CO LTD UNSPONSORED ADR SUBJECT TO CUSTODY FEES | 22,286 | 19,778 |
| HALEON PLC SPON ADS | 14,140 | 13,983 |
| HALOZYME THERAPEUTICS INC | 8,438 | 7,022 |
| HEXCEL CORP NEW | 7,869 | 9,809 |
| HOLOGIC INC | 8,172 | 8,217 |
| ITT INC | 7,869 | 10,381 |
| ICICI BANK LIMITED ADR | 2,571 | 7,676 |
| IDACORP INC | 7,662 | 8,357 |
| IDEX CORP | 10,511 | 10,638 |
| INFINEON TECHNOLOGIES AG SPONSORED ADR | 15,023 | 29,169 |
| INSULET CORP | 12,696 | 10,415 |
| INTEGER HLDGS CORP | 8,273 | 10,998 |
| INTRA-CELLULAR THERAPIES INC | 8,538 | 11,316 |
| INTUITIVE SURGICAL INC COM NEW | 12,440 | 23,615 |
| INTUIT | 10,654 | 16,251 |
| JPMORGAN CHASE & CO COM | 27,379 | 52,901 |
| JOHNSON & JOHNSON | 29,225 | 35,580 |
| KINSALE CAP GROUP INC | 5,399 | 12,727 |
| KOMATSU LTD SPON ADR NEW | 6,437 | 8,723 |
| KRISPY KREME INC | 3,099 | 3,290 |
| L OREAL CO ADR | 13,135 | 21,970 |
| LANCASTER COLONY CORP | 7,532 | 8,652 |
| LEAR CORP COM NEW | 12,933 | 13,133 |
| LENNAR CORP CL A | 30,236 | 58,871 |
| LINCOLN ELEC HLDGS INC | 7,171 | 11,525 |
| LITHIA MTRS INC | 29,073 | 28,318 |
| LULULEMON ATHLETICA INC | 14,126 | 20,963 |
| MACOM TECH SOLUTIONS HLDGS INC | 4,945 | 8,273 |
| MAGNA INTL INC | 43,742 | 52,227 |
| MAGNOLIA OIL & GAS CORP CL A | 7,387 | 6,536 |
| MANHATTAN ASSOCIATES INC | 9,044 | 12,704 |
| MANULIFE FINL CORP | 13,318 | 17,061 |
| MARKETAXESS HLDGS INC | 5,249 | 6,443 |
| MARVELL TECHNOLOGY INC | 10,042 | 10,253 |
| MASTERCARD INCORPORATED CL A | 13,356 | 45,210 |
| MATADOR RES CO | 7,786 | 7,449 |
| MEDPACE HLDGS INC | 6,364 | 7,050 |
| MERCADOLIBRE INC | 8,663 | 17,287 |
| MICROSOFT CORP | 33,333 | 103,035 |
| MOLINA HEALTHCARE INC | 1,897 | 4,336 |
| NRG ENERGY INC COM NEW | 13,167 | 18,871 |
| NATIONAL STORAGE AFFLIATES TR COM SHS BEN IN REIT | 6,993 | 5,723 |
| NESTLE S A SPONSORED ADR | 6,023 | 8,672 |
| NETFLIX INC | 18,559 | 17,041 |
| NEUROCRINE BIOSCIENCES INC | 7,869 | 12,122 |
| NITORI HOLDINGS CO LTD UNSPONSRD ADS | 8,797 | 6,814 |
| NORDSON CORP | 4,481 | 14,000 |
| GEN DIGITAL INC | 25,302 | 23,459 |
| NOVOZYMES A/S UNSPONSORED ADR | 4,936 | 5,216 |
| NVIDIA CORPORATION | 5,197 | 52,493 |
| OVINTIV INC | 7,050 | 5,885 |
| PUBLIC JT STK CO OIL CO LUKOIL SPONSORED ADR | 13,976 | 0 |
| PALO ALTO NETWORKS INC | 10,697 | 17,988 |
| PAYLOCITY HLDG CORP | 12,112 | 9,726 |
| PERFORMANCE FOOD GROUP CO | 8,757 | 13,208 |
| P T TELEKOMUNIKASI INDONESIA SPONSORED ADR | 6,748 | 7,805 |
| PHYSICIANS RLTY TR REIT | 4,990 | 3,913 |
| PING AN INS GROUP CO CHINA LTD SPON ADR REP H | 9,041 | 3,644 |
| PINNACLE FINL PARTNERS INC | 8,365 | 12,996 |
| PIPER SANDLER COMPANIES | 5,534 | 12,416 |
| POLARIS INC | 8,037 | 7,203 |
| PORTLAND GEN ELEC CO COM NEW | 7,043 | 7,585 |
| POWER CORP CDA | 27,430 | 48,442 |
| PRIMERICA INC | 11,137 | 11,934 |
| PROCORE TECHNOLOGIES | 8,331 | 8,860 |
| QUAKER HOUGHTON | 7,091 | 11,738 |
| RPM INTL INC | 3,366 | 11,163 |
| RAPID7 INC | 2,552 | 6,224 |
| RBC BEARINGS INC | 6,124 | 15,669 |
| RIO TINTO PLC SPONSORED ADR | 8,270 | 13,254 |
| ROCHE HLDG LTD SPONSORED ADR SUBJECT TO CUSTODY FEE | 11,066 | 11,739 |
| SHELL PLC SPON ADS | 7,641 | 13,884 |
| SM ENERGY CO | 4,825 | 4,220 |
| SALESFORCE COM INC | 7,588 | 31,314 |
| SAP SE SPON ADR | 14,891 | 19,478 |
| SCHNEIDER ELECTRIC SE UNSPONSORD ADR | 6,538 | 15,167 |
| SCHNEIDER NATIONAL INC CL B | 5,977 | 6,592 |
| SERVICENOW INC | 12,946 | 52,280 |
| SHIMANO INC UNSPONSORED ADS | 5,236 | 5,042 |
| SHIONOGI & CO LTD UNSPONSORED ADS | 8,033 | 7,399 |
| SHISEIDO CO LTD SPONSORED ADR | 6,529 | 4,175 |
| SILICON LABORATORIES INC | 5,206 | 7,936 |
| SNOWFLAKE INC CL A | 5,003 | 6,567 |
| SONOVA HOLDING AG UNSPONSORED ADR | 3,123 | 7,251 |
| SONY GROUP CORP SPONSORED ADR | 15,339 | 16,097 |
| STIFEL FINL CORP | 6,674 | 7,745 |
| SUN CMNTYS INC REIT | 5,422 | 9,623 |
| SUNCOR ENERGY INC NEW | 16,230 | 30,566 |
| SYMRISE AG UNSPONSORD ADR | 4,726 | 8,390 |
| TD SYNNEX CORPORATION | 12,828 | 16,357 |
| SYSMEX CORP UNSPONSORED ADR | 5,790 | 5,469 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | 12,284 | 26,000 |
| TANDEM DIABETES CARE INC COM NEW | 6,414 | 6,803 |
| TENCENT HOLDINGS LIMITED UNSPON ADR | 11,008 | 6,916 |
| TEXAS ROADHOUSE INC | 7,477 | 14,545 |
| THE TRADE DESK INC COM CL A | 7,267 | 7,772 |
| THOR INDS INC | 28,694 | 43,634 |
| TORO CO | 3,554 | 8,927 |
| TRACTOR SUPPLY CO | 11,085 | 14,837 |
| UBER TECHNOLOGIES INC | 30,015 | 50,857 |
| UNICHARM CORP SPONSORED ADR | 8,884 | 8,468 |
| UNITED RENTALS INC | 7,970 | 42,433 |
| VAIL RESORTS INC | 5,843 | 5,977 |
| VERICEL CORP | 5,418 | 5,270 |
| VEEVA SYS INC CL A COM | 5,607 | 18,482 |
| VISA INC COM CL A | 10,320 | 28,118 |
| VODAFONE GROUP PLC NEW SPONSORED ADR | 58,730 | 37,053 |
| VOYA FINANCIAL INC | 9,753 | 14,300 |
| WESCO INTL INC | 13,707 | 14,953 |
| WHIRLPOOL CORP | 11,786 | 11,325 |
| WINTRUST FINL CORP | 7,079 | 9,182 |
| ZEBRA TECHNOLOGIES CORPORATION CL A | 4,529 | 7,926 |
| MEDLST MBS TTL RTN INST CL I | 454,896 | 463,501 |
| DRIEHAUS EMERGING MARKETS | 257,197 | 280,833 |
| FPA NEW INCOME FD | 1,608,548 | 1,581,217 |
| ROYCE SPECIAL EQUITY FD OPEN END | 1,297,092 | 1,151,566 |
| GOLDMAN SACHS ACC ETF | 77,064 | 76,999 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SUVRETTA OFFSHORE | AT COST | 206,602 | 4,830 |
| ALKEON INNOVATION OFFSHORE FUND II | AT COST | 468,250 | 378,246 |
| MEDALIST PARTNERS ASSET-BASED PVT | AT COST | 568,562 | 576,651 |
| ELECTRON GLOBAL | AT COST | 750,000 | 677,029 |
| GPI CAPITAL GLOBAL PARTNERSHIP | AT COST | 179,995 | 312,316 |
| KL SPECIAL OPPORTUNITIES | AT COST | 650,000 | 976,117 |
| XANTHUS FUND LLC | AT COST | 800,000 | 1,008,090 |
| ICAPITAL RENAISSANCE FUND II LTD | AT COST | 765,000 | 875,983 |
| MILLENNIUM INTERNATIONAL HEDGEFOCUS FUND LTD-2C | AT COST | 350,000 | 389,238 |
| ECF VALUE INTERNATIONAL FUND LTD | AT COST | 750,000 | 773,873 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ESTIMATED FED. EXCISE TAX PAID | 20,540 | 20,540 | 20,540 |
| Description | Amount |
|---|---|
| CASH BASIS INVESTMENT TIMING ADJUSTMENTS | 54,042 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE AND SHIPPING | 122 | 0 | 122 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ADVANTAGE ADVISERS XANTHUS FUND K-1 INVESTMENT INCOME | 142,118 | ||
| GPI CAPITAL GLOBAL K-1 INVESTMENT INCOME | 50,438 | ||
| MEDALIST PARTNERS K-1 INVESTMENT INCOME | 32,492 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NET OPTIONS VALUE | -22,161 | -1,280 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 144,698 | 144,278 | 420 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 4,409 | 4,409 | 0 |