| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC - 4.350% - 03/01/2029 | 5,026 | 4,894 |
| BANK OF AMERICA CORP - 2.015% | 4,928 | 4,983 |
| BRISTOL-MYERS SQUIBB CO - 4.90 | 5,009 | 5,022 |
| CITIGROUP - 3.700% - 01/12/202 | 4,865 | 4,950 |
| COMCAST CORP NOTE - 3.300% - 0 | 4,824 | 4,857 |
| GOLDMAN SACHS GROUP - 2.640% - | 5,383 | 5,723 |
| HOME DEPOT INC - 4.750% - 06/2 | 4,980 | 5,011 |
| MORGAN STANLEY - 3.875% - 01/2 | 4,881 | 4,963 |
| PNC FINL - 5.582% - 06/12/2029 | 5,076 | 5,087 |
| ROYAL BANK OF CANADA - 4.650% | 5,446 | 4,993 |
| SCHWAB CHARLES CORP NOTE CALL | 3,050 | 2,551 |
| UNITEDHEALTH GROUP - 2.300% - | 3,040 | 2,552 |
| US BANCORP - 4.653% - 02/01/20 | 4,953 | 4,951 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3I GROUP PLC ADR | 658 | 1,808 |
| ABB LTD | 1,724 | 2,310 |
| ABBOTT LABS | 2,275 | 2,149 |
| ACCENTURE PLC | 1,666 | 1,759 |
| ADOBE SYSTEMS, INC | 1,347 | 1,334 |
| AFLAC INC | 1,212 | 1,138 |
| AIA GROUP LTD ADR | 1,895 | 1,499 |
| AIRBNB | 731 | 788 |
| AKAMAI TECH COM STK | 983 | 957 |
| ALLIANZ SE | 1,107 | 1,344 |
| ALLSTATE CORP | 758 | 771 |
| ALPHABET INC CL A | 6,618 | 10,411 |
| ALPHABET INC CL C | 2,524 | 4,190 |
| AMADEUS IT HLDS SA | 734 | 917 |
| AMAZON COM | 6,673 | 13,601 |
| AMER INTERNATIONAL GROUP INC | 732 | 874 |
| AMERICAN EXPRESS CO | 929 | 1,781 |
| AMERICAN TOWER REIT INC | 1,095 | 917 |
| ANHEUSER BUSCH COS INC | 1,437 | 1,152 |
| ANZ GROUP HOLDINGS LIMITED ADS | 907 | 967 |
| AON PLC CL A | 640 | 718 |
| APOLLO GLOBAL MANAGEMENT, INC | 844 | 1,321 |
| APPLE INC | 14,717 | 23,288 |
| APPLIED MATERIALS INC | 1,590 | 1,626 |
| ARISTA NETWORKS | 541 | 1,326 |
| ASE TECHNOLOGY HOLDINGS CO LTD | 863 | 1,218 |
| ASML HOLDING NV NY REG SHS | 2,112 | 2,079 |
| AT&T, INC | 1,513 | 1,958 |
| ATLAS COPCO AB A SHS ADR | 1,154 | 1,210 |
| AUO CORPORATION | 973 | 792 |
| AUTOMATIC DATA PROCESSING INC | 1,236 | 1,756 |
| BANCO BILBAO ARG SA | 940 | 1,050 |
| BANCO BRADESCO S.A. SPONS ADR | 902 | 651 |
| BANCOLOMBIA SA | 1,246 | 1,386 |
| BANK HAPOALIM BM ADR | 925 | 1,148 |
| BARCLAYS PLC ADR | 704 | 864 |
| BAYERISCHE MOTOREN WERKE AG UN | 1,474 | 1,475 |
| BDO UNIBANK INC SPON ADR EA RE | 747 | 816 |
| BECTON DICKINSON & CO | 1,248 | 1,134 |
| BIOGEN INC | 857 | 612 |
| BLACKROCK INC | 1,721 | 2,050 |
| BLUESCOPE STEEL ADR | 1,196 | 1,031 |
| BNP PARIBAS SPONS ADR | 1,022 | 1,105 |
| BOSTON SCIENTIFIC | 1,464 | 2,590 |
| BRAMBLES LTD UNSP AD | 1,128 | 1,558 |
| BROADCOM INC | 1,552 | 7,186 |
| BROADRIDGE FINANCIAL | 582 | 904 |
| BYD CO LTD UNSP/ADR | 852 | 952 |
| C H ROBINSON WORLDWIDE INC | 762 | 723 |
| CADENCE DESIGN SYSTEMS INC | 526 | 901 |
| CANON INC | 773 | 1,074 |
| CARRIER GLOBAL | 643 | 887 |
| CATERPILLAR INC | 1,282 | 1,814 |
| CBOE HOLDINGS INC | 737 | 977 |
| CHEMICAL AND MINING CO OF CHIL | 675 | 582 |
| CHINA MENGNIU DAIRY COMPANY AD | 938 | 934 |
| CHINA MERCHANTS BANK | 1,375 | 1,364 |
| CHIPOTLE MEX GRILL | 1,075 | 1,266 |
| CHUBB LIMITED | 1,241 | 1,382 |
| CHUNGHWA TELECOM | 1,385 | 1,355 |
| CHURCH & DWIGHT | 795 | 942 |
| CIGNA CORPORATION | 742 | 1,105 |
| CINTAS CRP | 1,335 | 1,279 |
| CISCO SYSTEMS INC | 1,725 | 2,072 |
| CLOUDFLARE, INC. | 791 | 969 |
| CME GROUP, INC | 1,287 | 1,626 |
| COLGATE-PALMOLIVE COMPANY | 1,408 | 1,273 |
| COMCAST CORP | 2,085 | 1,989 |
| COMMONWEALTH BK AUS-SP ADR | 1,547 | 2,105 |
| CONSTELLATION BRANDS INC | 976 | 884 |
| COPART INC | 648 | 976 |
| CORNING INC | 806 | 1,140 |
| CROWDSTRIKE HOLDINGS, INC | 785 | 1,026 |
| DAI NIPPON PRINTING LTD JAPANS | 944 | 905 |
| DAIWA HOUSE IND LTD | 1,150 | 1,382 |
| DANAHER CORP | 2,175 | 1,836 |
| DBS GROUP HLDGS SPON ADR | 1,518 | 1,793 |
| DEERE CO | 1,326 | 1,271 |
| DEUTSCHE TELE AG ADS | 814 | 1,164 |
| DIAGEO PLC ADS | 1,080 | 763 |
| DIGITAL RLTY TR INC | 392 | 709 |
| DNB BANK ASA | 1,423 | 1,453 |
| DOORDASH ORD SHS CLASS A | 504 | 1,007 |
| DOVER CORP | 721 | 750 |
| DSFIY | 700 | 590 |
| DSV UNSP ADR EACH REPR 0.5 ORD | 888 | 850 |
| EBAY INC | 758 | 743 |
| ECOLAB INC | 1,242 | 1,640 |
| ELEVANCE HEALTH INC | 1,072 | 738 |
| ELI LILLY & CO | 1,985 | 4,631 |
| EMCOR GROUP INC | 866 | 908 |
| EMERSON ELECTRIC CO | 665 | 868 |
| ENN ENERGY HOLDINGS LIMITED | 798 | 654 |
| EQUINIX, INC | 722 | 943 |
| EQUITABLE HOLDINGS INC | 818 | 896 |
| ERICSSON L M TEL CO | 657 | 782 |
| ESSILOR INTL ADR | 859 | 1,086 |
| EVERSOURCE ENERGYINC | 2,078 | 1,780 |
| EXELON CORPORATION | 2,130 | 1,995 |
| F M C CP | 835 | 583 |
| FAST RETAILING CO LT | 747 | 1,046 |
| FERGUSON PLC | 566 | 694 |
| FIDELITY NATIONAL INFORMATION | 571 | 808 |
| FISERV, INC | 1,067 | 2,054 |
| FORTESCUE METALS G ADR EA REPR | 1,655 | 1,443 |
| FOX CORP CL B | 1,122 | 1,326 |
| GALLAGHER ARTHUR J & CO | 597 | 852 |
| GARMIN LTD | 826 | 1,031 |
| GEELY AUTOMBL HL UNSP ADR | 1,129 | 1,091 |
| GENERAL MILLS INC | 758 | 765 |
| GENUINE PARTS COMPANY | 943 | 934 |
| GIVAUDAN SA UNSP/ADR | 1,436 | 1,306 |
| GJENSIDIGE FORSIKRING ASA UNSP | 1,191 | 1,080 |
| GODADDY INC | 1,050 | 1,776 |
| GOLDMAN SACHS GROUP | 1,517 | 2,290 |
| GSK PLC | 1,210 | 981 |
| HALLIBURTON COMPANY | 6,392 | 4,595 |
| HDFC BANK LTD ADR | 1,808 | 1,916 |
| HILTON WORLDWIDE HOLDINGS, INC | 1,318 | 1,977 |
| HITACHI LTD | 731 | 1,682 |
| HOLOGIC, INC | 732 | 649 |
| HOME DEPOT INC | 2,617 | 3,112 |
| HONDA MOTOR CO LTD | 2,070 | 1,799 |
| HONG KONG EX&CL UNSP/ADR | 862 | 788 |
| HOST HOTELS & RESORTS INC | 738 | 753 |
| HOYA CORP SPONS ADR | 853 | 992 |
| HP INC | 685 | 620 |
| HSBC HOLDINGS PLC | 1,772 | 2,226 |
| HUBBELL INCORPORATED | 816 | 838 |
| ICICI BK LTD ADS | 2,086 | 2,658 |
| ILLINOIS TOOL WORKS | 708 | 761 |
| INDUSTRIA DE DISENO | 748 | 1,378 |
| INFOSYS TECH LTD SPD ADR | 1,496 | 1,666 |
| INGERSOLL-RAND INC | 787 | 1,176 |
| INT'L FLAVORS & FRAGRANCES INC | 893 | 846 |
| INTEL CORP | 1,279 | 842 |
| INTERNATIONAL BUSINESS MACHINE | 1,434 | 2,198 |
| INTUIT | 1,220 | 1,257 |
| INTUITIVE SURGICAL | 1,174 | 2,088 |
| IQVIA HOLDINGS INC | 845 | 786 |
| IRON MOUNTAIN | 700 | 946 |
| ISUZU MOTORS UNSP/ADR | 1,028 | 1,096 |
| ITAU UNIBANCO HOLDING S.A | 1,044 | 823 |
| JERONIMO MARTINS | 878 | 724 |
| JOHNSON CONTROLS INTERNATIONAL | 816 | 947 |
| KELLANOVA (FNA KELLOGG CO) | 630 | 891 |
| KEPPEL CORP LTD ADR | 1,344 | 1,165 |
| KEURIG DR PEPPER INC | 939 | 867 |
| KLA TENCOR CORP | 1,167 | 1,260 |
| KOOKMIN BANK | 471 | 683 |
| KRAFT HEINZ CO | 1,062 | 860 |
| KT CORP ADS | 603 | 760 |
| L'OREAL ADR | 979 | 915 |
| LAIDLAW INTL | 789 | 720 |
| LAM RESEARCH CORP | 977 | 1,156 |
| LENNAR CORP | 865 | 682 |
| LIBERTY MEDIA CORPORATION - SE | 888 | 1,019 |
| LIVE NATION INC COM | 714 | 777 |
| LLOYDS BANKING GROUP PLC | 834 | 979 |
| LOEWS CORP | 2,097 | 2,710 |
| LONDON STK EXCHANGE GROUP | 1,379 | 1,392 |
| LONZA GROUP AG UNSP/ADR | 987 | 1,058 |
| LVMH MOET HENN UNSP | 2,001 | 1,699 |
| MACQUARIE GROUP LTD ADR | 1,350 | 1,502 |
| MARTIN MARIETTA MATLS INC | 577 | 517 |
| MARVELL TECHNOLOGY, INC | 398 | 1,105 |
| MASTERCARD INC | 2,252 | 3,159 |
| MAZDA MOTOR CORP | 758 | 512 |
| MERCADOLIBRE, INC | 1,768 | 1,700 |
| MERCK & CO INC | 2,460 | 2,586 |
| METLIFE INC | 834 | 819 |
| MICHELIN CIE GEN UNSP/ADR | 1,086 | 901 |
| MICRON TECHNOLOGY | 613 | 926 |
| MICROSOFT CORP | 11,067 | 18,967 |
| MICROSTRATEGY INCORPORATED | 495 | 579 |
| MITSUI FUDOSAN CO | 887 | 1,078 |
| MONDELEZ INTERNATIONAL INC | 1,389 | 1,195 |
| MOODYS CORP | 705 | 947 |
| MORGAN STANLEY | 1,297 | 1,760 |
| MS&AD INS GROUP ADR | 449 | 871 |
| NASDAQ OMX GROUP | 603 | 773 |
| NASPERS LTD N SPONS ADR | 746 | 921 |
| NATWEST GROUP ADR REPRESENTING | 718 | 753 |
| NESTE OYJ | 3,241 | 1,067 |
| NESTLE S.A | 3,308 | 2,369 |
| NEWS CORP LTD CL A | 733 | 909 |
| NIKE INC-CL B | 951 | 908 |
| NINTENDO CO LTD ADR UNSPON | 878 | 1,200 |
| NIO INC | 590 | 436 |
| NOMURA HOLDINGS ADR | 721 | 1,071 |
| NORFOLK SOUTHERN CORP | 961 | 939 |
| NORTHERN TRUST CORPORATION | 623 | 718 |
| NOVARTIS AG ADR | 1,814 | 1,946 |
| NOVO NORDISK A S | 1,988 | 2,323 |
| NOVOZYMES A/S UNSP/ADR | 875 | 792 |
| NVIDIA CORP | 5,213 | 21,351 |
| NXP SEMICONDUCTORS | 805 | 831 |
| OMNICOM GROUP | 876 | 774 |
| ORACLE CORP | 1,629 | 2,333 |
| ORKLA ASA SPON ADR | 807 | 961 |
| OTIS WORLDWIDE CORP | 655 | 648 |
| PACCAR INC | 887 | 1,144 |
| PALO ALTO NETWORKS INC | 644 | 1,092 |
| PAYCHEX | 692 | 841 |
| PAYPAL HOLDINGS, INC | 748 | 768 |
| PENTAIR INC. COM | 550 | 906 |
| PEPSICO INC | 2,204 | 1,825 |
| PING AN INSURANCE GROUP ADR | 771 | 1,013 |
| PNC FINANCIAL GROUP INC | 865 | 1,157 |
| PPG INDUSTRIES INC | 1,441 | 1,314 |
| PROGRESSIVE CORP OHIO | 860 | 1,438 |
| PROLOGIS | 1,173 | 1,057 |
| PROSUS NV ADR | 771 | 1,016 |
| PT BANK CENTRAL ASIA TBK | 1,066 | 912 |
| PUBLIC STORAGE INC | 602 | 599 |
| PULTE GROUP INC | 524 | 545 |
| QUALCOMM INC | 1,261 | 1,536 |
| QUANTA SVCS INC | 503 | 948 |
| REALTY INCOME CORP | 666 | 694 |
| RECKITT BENCKISER GROUP | 854 | 697 |
| RECRUIT HOLDINGS CO | 690 | 1,481 |
| REGENERON PHARMACEUTICALS INC | 1,882 | 1,425 |
| RELIANCE STL & ALMN | 1,104 | 1,077 |
| RELX PLC | 883 | 1,136 |
| RENAULT SA | 810 | 826 |
| RENESAS ELECTRONICS CORP | 573 | 727 |
| RESMED INC | 621 | 686 |
| ROCHE HOLDING LTD ADR | 2,682 | 2,267 |
| ROPER INDUSTRIES | 1,019 | 1,040 |
| RPM INTERNATIONAL INC | 700 | 861 |
| S&P GLOBAL INC COM | 1,916 | 2,490 |
| SALESFORCE.COM | 1,546 | 2,675 |
| SANOFI-AVENTIS SPONSORED ADR | 1,695 | 1,495 |
| SAP AKTIENGESELL ADS | 1,238 | 2,462 |
| SCHNEIDER ELEC UNSP/ADR | 1,114 | 1,837 |
| SEEK LTD | 860 | 687 |
| SEMPRA ENERGY COM | 2,537 | 3,070 |
| SERVICE NOW | 845 | 2,120 |
| SHINHAN FINL GROUP CO LTD | 563 | 625 |
| SIBANYE STILLWATER | 1,160 | 756 |
| SIMON PPTY GROUP INC | 721 | 861 |
| SINGAPORE TELE ADR | 1,159 | 1,307 |
| SK TELECOM ADS ADS | 745 | 736 |
| SMURFIT | 679 | 808 |
| SNAM SPA ADR | 1,665 | 1,402 |
| SNOWFLAKE INC | 1,597 | 1,390 |
| SOFTBANK CP UNSP ADR | 680 | 1,038 |
| SONY GROUP CORP | 1,190 | 1,418 |
| STRYKER CORPORATION | 1,091 | 1,440 |
| SUMITOMO MITSUI FINCL GRP | 823 | 1,333 |
| SYNOPSYS, INC | 1,092 | 971 |
| SYSCO CORP | 1,371 | 1,300 |
| T-MOBILE US INC | 1,201 | 1,766 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 2,014 | 4,739 |
| TAKEDA PHARMACEUTICAL COMPANY | 934 | 821 |
| TDK CORP | 853 | 907 |
| TE CONNECTIVITY LTD | 768 | 858 |
| TELSTRA GROUP LTD | 901 | 782 |
| TENARIS SA-ADR | 1,348 | 1,587 |
| TENCENT HOLDINGS LIMITED | 2,358 | 3,297 |
| TEXAS INSTRUMENTS INC | 1,638 | 1,688 |
| TEXAS PACIFIC LAND CORPORATION | 1,628 | 2,212 |
| THE BLACKSTONE GROUP INC CL A | 1,519 | 1,552 |
| THERMO FISHER SCIENTIFIC INC | 2,189 | 2,081 |
| TJX COMPANIES INC | 1,385 | 1,691 |
| TOKIO MARINE HOLDINGS INC | 822 | 1,441 |
| TRACTOR SUPPLY CO COM | 797 | 796 |
| TRADEWEB MARKETS INC | 660 | 655 |
| TRANE TECHNOLOGIES PLC | 996 | 1,108 |
| TRAVELERS COMPANIES INC | 762 | 964 |
| TWILIO INC | 777 | 1,189 |
| UBER | 1,425 | 1,267 |
| UMC ELECTRONICS CO COM | 1,203 | 1,006 |
| UNICREDIT SPA | 782 | 1,239 |
| UNILEVER PLC AMER | 1,739 | 1,928 |
| UNION PACIFIC | 1,617 | 1,824 |
| UNITED UTILITS ADR | 979 | 947 |
| UNITEDHEALTH GROUP INC | 3,222 | 3,541 |
| US BANCORP | 1,134 | 1,244 |
| VENTAS INC | 718 | 648 |
| VERISK ANALYTICS, INC | 831 | 826 |
| VERIZON COMMUNICATIONS | 1,665 | 1,720 |
| VERTIV CL A | 525 | 909 |
| VISA INC | 2,510 | 3,792 |
| VULCAN MATERIALS CO | 690 | 772 |
| WAL-MART DE MEX V SP/ADR | 1,060 | 977 |
| WALT DISNEY HOLDINGS CO | 2,800 | 2,116 |
| WEG SA BRAZIL SPONSORED ADR | 907 | 856 |
| WELLTOWER INC. | 1,095 | 1,386 |
| WESTERN DIGITAL CORP | 625 | 537 |
| WESTINGHOUSE AIR BRAKE TECHNOL | 821 | 1,327 |
| WIPRO LTD SPON ADR | 1,040 | 1,558 |
| WOORI FINANCE ADR | 898 | 938 |
| WYNN RESORTS | 692 | 603 |
| YAMAHA MOTOR | 825 | 876 |
| YUM CHINA HOLDINGS INC | 943 | 1,012 |
| ZOETIS INC | 901 | 815 |
| Item No. | 1 |
|---|---|
| Lender's Name | KEVIN ROBERT CHEUNG PRESDIRSEC |
| Lender's Title | |
| Original Amount of Loan | 750 |
| Balance Due | 750 |
| Date of Note | 2024-12 |
| Maturity Date | |
| Repayment Terms | PRINCIPAL ON MATURITY |
| Interest Rate | 0. |
| Security Provided by Borrower | NONE |
| Purpose of Loan | TO MAKE GRANTS ON BEHALF OF FOUNDATION |
| Description of Lender Consideration | CASH - $750 |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 7,784 | 7,784 | ||
| Bank Charges | 270 | 270 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 7,317 | 7,317 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Extension for 2023 | 100 | |||
| Foreign Tax Paid | 669 | 669 |