| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 9,440 | 4,720 | 4,720 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMAZON.COM INC | 88,383 | 93,167 |
| AMERN EXPRESS CO | 89,156 | 92,049 |
| ANALOG DEVICES INC | 88,878 | 90,850 |
| ANHEUSER BUSCH INBEV WOR | 80,306 | 85,305 |
| APPLE INC 3.0% | 89,268 | 90,729 |
| APPLE INC 3.0000% | 249,317 | 249,331 |
| ASTRAZENECA PLC ADS | 88,496 | 92,157 |
| BERKSHIRE HATHAWAY ENERG | 88,882 | 90,621 |
| BK OF AMER CORP 4.2% | 88,551 | 89,156 |
| BK OF AMERICA CORP | 58,151 | 59,550 |
| BK OF NY MELLON CORP | 88,632 | 91,710 |
| BOOKING HOLDINGS | 88,162 | 89,853 |
| BP CAP MARKETS AMER | 88,364 | 90,059 |
| CIGNA GROUP | 88,576 | 90,589 |
| CITIGROUP INC | 88,423 | 91,880 |
| COCA COLA CO | 49,355 | 50,252 |
| COCA COLA CO | 49,732 | 52,335 |
| COLGATE PALMOLIVE CO | 89,786 | 91,851 |
| COMCAST CORP | 102,293 | 105,457 |
| DH EUROPE FIN II | 97,226 | 99,559 |
| DUKE ENERGY FL LLC | 89,621 | 91,220 |
| ECOLAB INC | 88,393 | 89,793 |
| ELEVANCE HEALTH INC | 44,943 | 45,643 |
| GEN DYNAMICS CORP | 88,738 | 91,300 |
| GILEAD SCIENCES INC 3.7% | 88,513 | 89,568 |
| GOLDMAN SACHS GROUP INC | 88,870 | 89,908 |
| HOME DEPOT INC | 88,881 | 90,621 |
| INTEL CORP 2.875% | 232,948 | 232,874 |
| INTERCONTINENT ALEXCHANGE | 89,377 | 91,439 |
| INTUIT INC | 52,577 | 57,579 |
| JP MORGAN CHASE AND CO 3.875% | 245,540 | 247,201 |
| KLA CORP 4.65% | 88,272 | 88,469 |
| LOCKHEED MARTIN CORP | 89,218 | 91,215 |
| MARSH & MCLENNAN COS | 88,084 | 89,362 |
| MASTERCARD INC | 80,917 | 81,812 |
| META PLATFORMS | 89,973 | 94,163 |
| MID AMERICA APARTMENTS | 88,762 | 89,882 |
| MMI CAPITAL TR I | 29,495 | 26,320 |
| MORGAN STANLEY | 43,401 | 47,637 |
| MORGAN STANLEY | 90,013 | 92,818 |
| PAYPAL HOLDINGS INC | 89,215 | 91,176 |
| PEPSICO INC | 88,718 | 91,038 |
| PHILIP MORRIS INTERNATIONAL | 88,187 | 90,067 |
| PNC FINL SERVICES 3.5% | 45,301 | 45,933 |
| PUB STORAGE OP CO | 44,094 | 48,654 |
| RLTY INCOME CORP | 89,556 | 89,925 |
| RTX CORP | 88,794 | 89,611 |
| S & P GLOBAL INC | 89,199 | 94,131 |
| ST STR CORP | 57,419 | 58,908 |
| THERMO FISHER SCIENTIFIC | 78,266 | 80,886 |
| TORONTO-DOMINION BK | 89,163 | 90,848 |
| TOYOTA MTR CR CORP 3.35% | 97,484 | 98,965 |
| TYCO ELECTRONICS GROUP S | 89,555 | 92,569 |
| UN PAC CORP | 88,646 | 92,523 |
| UNITEDHEALTH GROUP INC | 45,299 | 47,606 |
| UNITEDHEALTH GROUP INC | 88,676 | 90,557 |
| US TREASURY NOTE 4.5% | 79,344 | 79,730 |
| VERIZON COMMUNICATIONS | 89,378 | 92,926 |
| WASTE MANAGEMENT | 88,490 | 90,795 |
| WELLS FARGO & CO 4.48% | 89,444 | 89,950 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 7,348 | 11,567 |
| ABBOTT LABORATORIES | 250,633 | 271,873 |
| ABBVIE INC | 13,877 | 14,102 |
| ABM INDUSTRIES INC | 12,196 | 11,297 |
| ACCENTURE PLC-CL A | 41,054 | 50,531 |
| ADIDAS AG | 3,227 | 3,386 |
| AGNC INVMNT CO 6.125% SER-F | 95,406 | 87,360 |
| AIA GROUP LTD SPON ADR | 8,105 | 8,087 |
| AIR LEASE CORP | 18,197 | 17,405 |
| AIR LIQUIDE ADR | 3,742 | 5,243 |
| AIRBUS SE UNSPONSORED ADR | 4,979 | 7,566 |
| ALLISON TRANSMISSION HOLDING | 12,310 | 15,759 |
| ALPHABET CLASS A | 23,159 | 304,524 |
| ALPHABET CLASS C | 22,852 | 304,127 |
| ALPHABET INC CL C | 130,124 | 142,623 |
| ALTRIA GROUP INC | 49,818 | 92,782 |
| AMADEUS IT GROUP SA ADR | 6,344 | 7,812 |
| AMAZON COM INC | 64,063 | 71,412 |
| AMERICA MOVIL SA DE CV | 2,233 | 2,278 |
| AMERIPRISE FINCL INC | 55,308 | 75,586 |
| ANHEUSER BUSCH | 4,030 | 4,766 |
| APPLE INC | 124,003 | 147,093 |
| APPLE INC | 20,559 | 302,657 |
| APPLIED MATERIALS INC | 46,178 | 65,314 |
| ASML HOLDING NV NY REG NEW | 8,772 | 14,889 |
| ASSA ABLOY AB UNSP ADR | 1,847 | 2,175 |
| ASTRAZENECA PLC ADS | 9,776 | 13,066 |
| AT&T INC 4.75% SER-C | 100,000 | 79,060 |
| B&M EUROPEAN VALUE RET SA ADR | 2,063 | 2,045 |
| BANK OF AMERICA CORP | 500,609 | 491,919 |
| BANK OZK | 18,652 | 19,733 |
| BEIGENE LTD | 1,849 | 2,095 |
| BHP GROUP LIMITED ADR | 1,551 | 1,776 |
| BP PLC ADS | 4,832 | 4,637 |
| BRISTOL MYERS SQUIBB CO | 22,234 | 15,752 |
| BRITISH AMER TOB SPON ADR | 8,342 | 6,297 |
| BROOKFIELD INFRASTRUCTION - A | 20,633 | 18,099 |
| BROWN & BROWN INC | 48,318 | 53,546 |
| BRUNSWICK CORP | 17,229 | 19,156 |
| BWX TECHNOLOGIES INC | 15,743 | 20,103 |
| CABLE ONE INC | 15,925 | 11,132 |
| CABOT CORP | 13,912 | 16,867 |
| CANADIAN NATIONAL RAILWAY CO | 2,356 | 2,684 |
| CAPGEMINI S E UNSPONSORED ADR | 4,732 | 5,379 |
| CAPITAL ONE FINANCIAL 5% | 100,000 | 73,700 |
| CARLSBERG AS | 5,022 | 5,572 |
| CASEY'S GENERAL STORES | 17,121 | 21,155 |
| CHEMED CORP | 16,632 | 19,297 |
| CHESAPEAKE UTILITIES CORP | 16,347 | 14,049 |
| CHEVRON CORP | 35,741 | 32,815 |
| CHEVRON CORPORATION | 53,136 | 282,807 |
| CHORD ENERGY CORP | 17,053 | 20,114 |
| CIVITAS RESOURCES INC | 18,234 | 18,736 |
| COGENT COMMUNICATIONS HLDG | 15,669 | 17,950 |
| COHEN & STEERS INC | 18,018 | 18,781 |
| COMCAST CORP-CLASS A | 34,177 | 38,544 |
| COMPAIGNE FIN RICHEMONTAG | 1,145 | 1,609 |
| CONCENTRIX CORP | 9,169 | 10,803 |
| CONOCOPHILLIPS | 29,515 | 30,875 |
| COSTCO INC | 12,718 | 304,297 |
| COSTCO WHOLESALE CORP NEW | 62,227 | 78,550 |
| CRA INTERNATIONAL INC | 18,336 | 15,322 |
| DAIICHI SANKYO CO LTD SPON ADR | 3,818 | 3,982 |
| DAIKIN INDS LTD | 4,517 | 3,978 |
| DANAHER CORPORATION | 20,654 | 20,353 |
| DANONE SPONSORED ADR | 3,356 | 3,578 |
| DASSAULT SYSTEMS SA ADS | 2,250 | 2,736 |
| DBS GROUP HOLDINGS LTD SP | 5,462 | 6,281 |
| DEERE & CO | 12,081 | 12,796 |
| DIAMONDS TRUST (SPDR DJ INDL) | 537,353 | 1,389,897 |
| DNB ASA SPONSORED ADR | 4,553 | 4,871 |
| DSV AS ADR | 2,283 | 2,986 |
| ELEMENT SOLUTIONS | 14,438 | 16,638 |
| ENCOMPASS HEALTH CORP | 19,016 | 20,950 |
| ENGIE SPONS ADR | 4,743 | 6,348 |
| ENSIGN GROUP INC | 24,626 | 30,184 |
| EPIROC AKTIEBOLAG ADR | 6,515 | 6,601 |
| ESSILORLUXOTTICA ADR | 6,572 | 9,128 |
| EXP WORLD HOLDING INC | 14,225 | 14,822 |
| FEDERAL AGRIC MTG CORP CL C | 16,815 | 23,329 |
| FIDELITY 500 INDEX FD-AI | 7,390,818 | 9,529,070 |
| FIDELITY INTL INDX-INST PRM | 95,336 | 108,297 |
| FIRST REP BANK 4.25% SER-L | 100,000 | 288 |
| FORTUNE BRANDS INNOVATIONS INC | 15,960 | 21,471 |
| FUJITSU LTD ADR NEW | 4,206 | 4,166 |
| GENMAB A S | 5,959 | 6,272 |
| GIVAUDAN SA | 5,482 | 6,458 |
| HAMILTON LANE INC CLASS | 19,049 | 27,679 |
| HCA HEALTHCARE INC | 18,081 | 18,948 |
| HDFC BANK LTD | 6,646 | 6,778 |
| HERMES INTL SCA | 2,323 | 5,151 |
| HITACHI 10 COM NEW ADR | 3,081 | 3,527 |
| HOME BANCSHARES INC | 19,614 | 20,391 |
| HOME DEPOT INC | 34,540 | 37,427 |
| HOME DEPOT INC | 24,090 | 29,055 |
| HONG KONG EXCHANGES & CLEARING | 667 | 652 |
| IBERDROLA SA SPON ADR | 2,533 | 3,582 |
| IMPERIAL BRANDS PLC | 3,428 | 3,270 |
| INDUSTRIA DE DISENO TEXTIL IND | 3,809 | 7,230 |
| INSPERITY INC | 20,555 | 20,865 |
| INTER PARFUMS INC | 18,842 | 23,330 |
| INTERCONTINENTAL EXCHANGE IN | 31,455 | 36,988 |
| INTUIT INC | 30,346 | 45,627 |
| ISHARES ETF | 135,502 | 165,268 |
| ITOCHU CORP ADR | 4,498 | 4,614 |
| JACK HENRY & ASSOC INC | 4,578 | 4,304 |
| JOHNSON & JOHNSON | 250,732 | 245,455 |
| JP MORGAN BETABUILDERS - CANADA | 66,598 | 74,828 |
| JP MORGAN BETABUILDERS - EUROPE | 181,597 | 194,273 |
| JP MORGAN BETABUILDERS JAPAN | 331,563 | 316,963 |
| JP MORGAN CHASE & CO | 73,709 | 91,684 |
| JP MORGAN CHASE AND CO 4.625% | 50,000 | 41,690 |
| KENVUE INC | 35,779 | 35,158 |
| KERING S A ADR NEW | 7,605 | 6,303 |
| KEYENCE CORP | 6,054 | 6,999 |
| KFORCE INC | 13,453 | 15,336 |
| KINSALE CAPITAL GROUP INC | 14,795 | 16,746 |
| KONINKLUKE KPN NV ADR | 3,539 | 3,716 |
| KULICKE & SOFFA INDUSTRIES | 14,853 | 14,993 |
| L OREAL CO ADR | 5,192 | 7,865 |
| LAKELAND FINANCIAL CORP | 20,430 | 20,525 |
| LAM RESEARCH CORP | 16,636 | 27,425 |
| LAM RESEARCH CORP | 23,345 | 36,030 |
| LANDSTAR SYSTEM INC | 14,217 | 15,105 |
| LEMAITRE VASCULAR INC | 15,702 | 18,277 |
| LENNAR CORPORATION | 14,742 | 26,380 |
| LITTLEFUSE INC | 17,413 | 17,391 |
| LMVH MOET HENNESSY LOUIS VUITT | 4,199 | 5,835 |
| LONDON STK EXCHANGE GROUP | 9,234 | 11,231 |
| LONZA GROUP AG ZUERICH ADR | 4,623 | 3,220 |
| LULULEMON ATHLETICA INC | 35,232 | 53,685 |
| MARSH & MCLENNAN COS | 26,443 | 28,799 |
| MARUBENI CORP ADR | 4,394 | 3,746 |
| MASTERCARD INC CL A | 58,400 | 69,948 |
| MASTERCARD INC-A | 39,499 | 45,210 |
| MATERION CORP | 16,617 | 25,115 |
| MC DONALDS CORP | 51,514 | 65,529 |
| MCDONALD'S CORP | 41,275 | 45,959 |
| MERCADOLIBRE INC | 3,072 | 6,464 |
| MERCK | 250,714 | 249,002 |
| MGM RESORTS INTL | 19,031 | 21,044 |
| MICROSOFT CORP | 144,379 | 185,764 |
| MICROSOFT CORP | 68,206 | 92,506 |
| MONDELEZ INTL INC COM | 16,360 | 510,269 |
| MORGAN STANLEY | 36,153 | 42,335 |
| MTU AERO ENGINES AG | 2,820 | 3,128 |
| NESTLE SPON | 6,708 | 7,096 |
| NETEASE.COM | 2,375 | 2,143 |
| NETFLIX INC | 35,002 | 36,602 |
| NEXPOINT RESIDENTIAL | 18,954 | 13,015 |
| NEXSTAR MEDIA GROUP | 20,949 | 17,242 |
| NEXTERA ENERGY INC | 37,701 | 31,888 |
| NEXTERA ENERGY INC | 25,666 | 19,255 |
| NICE LTD ADR | 1,812 | 1,676 |
| NIDEC CORP | 3,302 | 1,515 |
| NIKE INC CL B | 35,100 | 30,725 |
| NIPPON TELEGRAPH & TELEPHONE | 5,062 | 5,149 |
| NITORI HLDGS | 4,235 | 3,362 |
| NOKIA CP ADR | 2,315 | 1,512 |
| NOMURA RESH INST LTD ADR | 3,725 | 3,956 |
| NORTHERN OIL AND GAS INC | 18,754 | 20,426 |
| NOVO NORDISK A/S | 5,297 | 17,069 |
| NUCOR CORPORATION | 20,477 | 24,366 |
| NVIDIA CORPORATION | 89,255 | 99,044 |
| NXP SEMICONDUCTORS NV | 28,866 | 35,830 |
| PAPA JOHNS INTL INC | 15,988 | 15,246 |
| PEPSICO INC | 38,281 | 36,685 |
| PERRIGO CO PLC | 19,054 | 17,088 |
| PFIZER INC | 250,676 | 180,485 |
| PHILIP MORRIS INTERNATIONAL | 37,924 | 34,810 |
| POWER INTEGRATIONS INC | 16,313 | 16,176 |
| PRINCIPAL FINANCIAL GROUP | 178,088 | 355,195 |
| PROGRESSIVE CORP OHIO | 52,006 | 67,694 |
| PRUDENTIAL FINANCIAL INC | 250,663 | 254,919 |
| QUAKER CHEMICAL CORP | 15,934 | 17,074 |
| RECKITT BENCKISER PLC | 4,138 | 3,773 |
| RECRUIT HOLDINGS CO | 4,113 | 4,433 |
| RELX PLC SPONSORED | 2,455 | 4,045 |
| ROCKWELL AUTOMATION INC | 24,201 | 26,391 |
| S & P GLOBAL INC | 13,540 | 17,180 |
| SAFRAN SA | 8,306 | 12,330 |
| SAP AG | 10,879 | 13,913 |
| SCHNEIDER NATIONAL INC CL B | 5,449 | 5,395 |
| SHERWIN WILLIAMS CO | 26,180 | 34,934 |
| SHIN ETSU CHEM CO LTD | 4,426 | 7,701 |
| SHOE CARNIVAL INC | 16,967 | 19,123 |
| SHOPIFY INC | 1,043 | 2,755 |
| SHUTTERSTOCK INC | 22,507 | 16,367 |
| SIKA AG ADR | 6,483 | 7,902 |
| SIX CIRCLES INTERNATIONS | 398,499 | 450,738 |
| SIX CIRCLES US UNCONSTRAINED | 526,889 | 675,911 |
| SMC CORP COMMON | 6,626 | 6,993 |
| SPDR BLOOMBERG 1-3 MO T-B | 34,842 | 34,820 |
| SPDR S&P 500 TRUST ETF | 397,554 | 1,004,805 |
| STANDEX INTERNATIONAL CORP | 16,878 | 22,807 |
| STEVANATO GROUP SPA | 14,963 | 19,867 |
| STMICROELECTRONICS NV | 5,669 | 7,369 |
| STRAUMANN | 3,990 | 5,397 |
| STRYKER CORP | 32,742 | 35,336 |
| TAIWAN SMCNDCTR MFG CO LT | 6,113 | 8,736 |
| TDK CP ADR NEW | 3,636 | 4,646 |
| TENCENT HLDGS LTD | 6,866 | 4,573 |
| TERRANO REALTY CORP | 17,762 | 17,610 |
| TERUMO CORP ADR UNSPONS ADR | 2,144 | 2,131 |
| TETRA TECH INC | 16,492 | 18,696 |
| TEXAS INSTRUMENTS INC | 45,424 | 43,808 |
| TFI INTL INC | 3,799 | 6,609 |
| TJX COS INC NEW | 52,364 | 61,727 |
| TOKYO ELECTRON LTD UNSPONS ADR | 4,013 | 5,279 |
| TOTALENERGIES SE SPONSORED ADS | 11,267 | 14,150 |
| TRACTOR SUPPLY CO | 23,295 | 21,503 |
| TRAVEL LEISURE CO | 16,017 | 14,815 |
| TYLER TECHNOLOGIES | 27,008 | 27,792 |
| U S BANCORP COM NEW | 512,893 | 543,164 |
| UDT OVERSEAS BK LTD SPON ADR | 7,362 | 6,988 |
| UFP INDUSTRIES INC | 11,952 | 15,819 |
| UMH PROPERTIES INC | 18,459 | 15,734 |
| UNICHARM CORP | 2,118 | 2,271 |
| UNIFIRST CORP | 14,422 | 13,170 |
| UNION PACIFIC CORP | 20,831 | 24,563 |
| UNITED RENTALS | 31,281 | 56,275 |
| UNITEDHEALTH GROUP INC | 69,988 | 74,233 |
| UNIVERSAL DISPLAY CORP | 18,898 | 27,350 |
| US DOLLAR JPM DEP SWEEP | 23,682 | 23,682 |
| US PHYSICAL THERAPY INC | 18,876 | 17,976 |
| UTZ BRANDS INC | 20,528 | 20,836 |
| VALERO ENERGY CP DELA NEW | 25,463 | 29,380 |
| VALMONT INDUSTRIES | 17,331 | 16,813 |
| WASTE MANAGEMENT | 38,347 | 45,668 |
| WELLS FARGO & COM 4.25% | 50,000 | 35,400 |
| WEST PHARMACEUTICALS | 33,973 | 34,190 |
| WINGSTOP INC | 16,172 | 25,401 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AIP ALT LENDING ADVISORY | FMV | 619,790 | 512,771 |
| AMER MUTUAL FD INC A AMRMX | FMV | 675,809 | 742,156 |
| BLACKSTONE BCRED | FMV | 617,730 | 606,689 |
| BLACKSTONE BREIT | FMV | 568,443 | 644,730 |
| CAPITAL INCOME BUILDER | FMV | 550,172 | 622,457 |
| FEDERATED HERMES GOVT OBL AVR (GOFX) | FMV | 20,003,451 | 20,003,451 |
| FEDERATED HERMES GOVT OBL AVR (GOVXX) | FMV | 20,000 | 20,000 |
| FIDELITY TREASURY PORT | FMV | 659,133 | 659,133 |
| FRANKLIN INVS SECS TR | FMV | 1,404,546 | 1,407,822 |
| GOLDMAN SACHS | FMV | 658,529 | 658,529 |
| HPS CORPORATE LENDING FUND CLASS F SHS | FMV | 1,309,641 | 1,337,612 |
| INCOME FUND AMERICA | FMV | 628,441 | 690,666 |
| ISHARES RUSSELL 2000 ETF | FMV | 193,320 | 278,987 |
| ISHARES SELECT DIVIDEND ETF | FMV | 959,776 | 943,035 |
| JENSEN PORTFOLIO INC | FMV | 695,005 | 971,182 |
| MSIF ULTRA-SHORT INCOME IR | FMV | 266,294 | 268,887 |
| SIX CIRCLES CREDIT OPPORT | FMV | 287,875 | 290,672 |
| SIX CIRCLES GLOBAL BOND | FMV | 1,277,680 | 1,169,397 |
| VANGUARD FUNDS EQUITY INCM FUND | FMV | 3,196,985 | 3,187,128 |
| VANGUARD HIGH DIV YIELD INDX FND ADMIRAL | FMV | 3,029,226 | 3,173,878 |
| VANGUARD INT-TERM CORPORATE | FMV | 434,603 | 448,991 |
| VANGUARD MID-CAP ETF INDEX | FMV | 259,435 | 268,467 |
| VANGUARD MORTGAGE BACKED SEC | FMV | 145,494 | 130,921 |
| VANGUARD S & P 500 GROWTH ETF | FMV | 500,513 | 515,855 |
| VANGUARD SMALL CAP ETF | FMV | 220,273 | 278,822 |
| VANGUARD TOTAL BOND MARKET | FMV | 528,404 | 507,789 |
| VANGUARD TOTAL INTL BND-ADM | FMV | 1,052,200 | 996,729 |
| VANGUARD VALUE INDEX FUND | FMV | 108,937 | 147,162 |
| WILSHIRE TARGET FUNDS | FMV | 267,083 | 374,949 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER EXPENSES | 2,551 | 1,276 | 1,275 | |
| CONTRACT LABOR | 1,620 | 810 | 810 | |
| OFFICE SUPPLIES | 1,059 | 530 | 529 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MORGAN STANLEY SERVICES FEE | 27,333 | 27,333 | 0 | |
| JP MORGAN FEES & COMMISSIONS | 81,202 | 81,202 | 0 | |
| OTHER PROFESSIONAL FEES | 66,000 | 66,000 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2020 ESTIMATED EXCISE TAX PAID | 18,680 | 0 | 0 | |
| FOREIGN TAX ON INVESTMENTS | 278 | 278 | 0 |