| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 13,905 | 6,953 | 6,952 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC SR NOTE CPN 3.200% DUE 05/14/26 | 172,901 | 172,901 |
| AMERICAN ELEC PWR CO INC SR NOTE SER Q CPN 5.625% DUE 03/01/33 | 50,740 | 50,740 |
| AON NORTH AMERICA INC GTD SR NOTE CPN 5.450% DUE 03/01/34 | 49,854 | 49,854 |
| AT&T INC GLBL NOTE CPN 4.100% DUE 02/15/28 | 74,362 | 74,362 |
| BERKSHIRE HATHAWAY FIN CORP SR NOTE CPN 2.875% DUE 03/15/32 | 48,197 | 48,197 |
| BP CAP MKTS PLC GTD NOTE CPN 3.279% DUE 09/19/27 | 106,286 | 106,286 |
| CANADIAN PACIFIC RAILWAY CO NOTE CPN 2.875% DUE 11/15/29 | 124,201 | 124,201 |
| CAPITAL ONE FINL CORP SUB NOTE CPN 3.750% DUE 07/28/26 | 101,890 | 101,890 |
| CITIGROUP INC SUB NOTE CPN 4.450% DUE 09/29/27 | 74,830 | 74,830 |
| DOWDUPONT INC UNSECD NOTE CPN 4.725% DUE 11/15/28 | 73,673 | 73,673 |
| ENERGY TRANSFER OPER LP SR NOTE CPN 3.750% DUE 05/15/30 | 174,967 | 174,967 |
| ENTRPRS PRODS OPER LLC SR NOTE CPN 4.150% DUE 10/16/28 | 74,056 | 74,056 |
| EQUINOR ASA GTD NOTE CPN 2.875% DUE 04/06/25 | 49,763 | 49,763 |
| GENL MOTORS CO SR NOTE CPN 6.125% DUE 10/01/25 | 77,547 | 77,547 |
| GOLDMAN SACHS GROUP INC NOTE CPN 3.800% DUE 03/15/30 | 136,715 | 136,715 |
| JOHNSON & JOHNSON NOTE CPN 2.450% DUE 03/01/26 | 95,836 | 95,836 |
| LOWES COS INC NOTE CPN 2.500% DUE 04/15/26 | 140,271 | 140,271 |
| MICROSOFT CORP NOTE CPN 2.700% DUE 02/12/25 | 87,799 | 87,799 |
| MORGAN STANLEY SUB NOTE SER F CPN 3.950% DUE 04/23/27 | 114,342 | 114,342 |
| NORTHERN TR CORP NOTE CPN 6.125% DUE 11/02/32 | 160,375 | 160,375 |
| PEPSICO INC SR NOTE CPN 2.850% DUE 02/24/26 | 139,468 | 139,468 |
| PFIZER INC UNSECD NOTE CPN 3.450% DUE 03/15/29 | 131,638 | 131,638 |
| PNC FINL SVCS GRP INC SR NOTE CPN 2.550% DUE 01/22/30 | 74,657 | 74,657 |
| PROCTER & GAMBLE CO NOTE CPN 3.000% DUE 03/25/30 | 88,420 | 88,420 |
| SCHWAB CHARLES CORP NEW SR NOTE CPN 2.450% DUE 03/03/27 | 122,980 | 122,980 |
| TORONTO DOMINION BK UNSECD SR MEDIUM TERM NOTE CPN 2.000% DUE 09/10/31 | 91,187 | 91,187 |
| UNITED TECHS CORP UNSECD NOTE CPN 4.125% DUE 11/16/28 | 85,737 | 85,737 |
| VERIZON COMMNS INC UNSECD NOTE CPN 1.500% DUE 09/18/30 | 132,864 | 132,864 |
| WALMART INC UNSECD NOTE CPN 3.700% DUE 06/26/28 | 103,794 | 103,794 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC | 8,885 | 8,885 |
| ADOBE INC | 13,340 | 13,340 |
| ALPHABET INC CL A | 28,395 | 28,395 |
| AMAZON.COM INC | 43,878 | 43,878 |
| AMERICAN ELECTRIC POWER COMPANY INC | 5,995 | 5,995 |
| AMERICAN TOWER CORP NEW | 11,005 | 11,005 |
| AMERICAN WATER WORKS COMPANY INC NEW | 18,051 | 18,051 |
| AMGEN INC | 15,638 | 15,638 |
| APPLE INC | 33,807 | 33,807 |
| ASML HOLDING NV NY REGISTRY SHS NEW 2012 | 7,624 | 7,624 |
| AT&T INC | 7,856 | 7,856 |
| BERKSHIRE HATHAWAY INC CL B NEW | 11,332 | 11,332 |
| BEST BUY COMPANY INC | 1,287 | 1,287 |
| BLOCK H & R INC | 2,378 | 2,378 |
| BROADCOM INC | 23,184 | 23,184 |
| BROOKFIELD ASSET MGMT LTD CL A LTD VTG SHARES | 3,251 | 3,251 |
| CAPITAL ONE FINANCIAL CORP | 22,290 | 22,290 |
| CHEVRON CORP | 6,518 | 6,518 |
| CINCINNATI FINANCIAL CORP | 7,185 | 7,185 |
| CINTAS CORP | 9,500 | 9,500 |
| CITIGROUP INC NEW | 8,447 | 8,447 |
| CITIZENS FINANCIAL GROUP INC | 7,439 | 7,439 |
| CME GROUP INC CL A | 11,612 | 11,612 |
| COCA-COLA COMPANY | 10,584 | 10,584 |
| COSTCO WHOLESALE CORP | 9,163 | 9,163 |
| CSX CORP | 10,165 | 10,165 |
| DOMINION ENERGY INC | 4,847 | 4,847 |
| DTE ENERGY CO | 2,415 | 2,415 |
| DUKE ENERGY CORP | 6,464 | 6,464 |
| ELI LILLY & CO | 3,860 | 3,860 |
| ENTERGY CORP | 8,340 | 8,340 |
| EOG RESOURCES INC | 19,000 | 19,000 |
| EVERSOURCE ENERGY | 7,179 | 7,179 |
| EXXON MOBIL CORP | 9,681 | 9,681 |
| FIDELITY NATIONAL FINANCIAL INC | 4,772 | 4,772 |
| FIFTH THIRD BANCORP | 6,765 | 6,765 |
| FIRSTENERGY CORP | 9,547 | 9,547 |
| FORD MOTOR CO NEW | 4,059 | 4,059 |
| GENERAL MILLS INC | 5,420 | 5,420 |
| GENUINE PARTS CO | 2,919 | 2,919 |
| HCA HEALTHCARE INC | 9,005 | 9,005 |
| HOME DEPOT INC | 21,394 | 21,394 |
| HP INC | 5,058 | 5,058 |
| INTERPUBLIC GROUP COMPANY INC | 6,725 | 6,725 |
| INTL BUSINESS MACHINES CORP | 6,595 | 6,595 |
| INTL PAPER COMPANY | 8,073 | 8,073 |
| JPMORGAN CHASE & CO | 21,574 | 21,574 |
| KIMBERLY CLARK CORP | 1,310 | 1,310 |
| KLA CORP | 9,452 | 9,452 |
| LAZARD INC | 1,544 | 1,544 |
| LINDE PLC NEW | 10,467 | 10,467 |
| LOCKHEED MARTIN CORP | 4,859 | 4,859 |
| LYONDELLBASELL INDUSTRIES N V ORD SHS CL A | 3,714 | 3,714 |
| MASTERCARD INC CL A | 21,063 | 21,063 |
| MCDONALDS CORP | 18,843 | 18,843 |
| MERCK & COMPANY INC NEW | 1,990 | 1,990 |
| META PLATFORMS INC CL A | 14,638 | 14,638 |
| METLIFE INC | 5,322 | 5,322 |
| MICROSOFT CORP | 29,505 | 29,505 |
| NEXTERA ENERGY INC | 22,582 | 22,582 |
| NISOURCE INC | 9,190 | 9,190 |
| NORTHROP GRUMMAN CORP | 11,732 | 11,732 |
| NOVO NORDISK AS ADR | 7,742 | 7,742 |
| NVIDIA CORP | 33,573 | 33,573 |
| NXP SEMICONDUCTORS N V | 8,314 | 8,314 |
| ONEMAIN HLDGS INC | 2,867 | 2,867 |
| PARKER-HANNIFIN CORP | 12,721 | 12,721 |
| PEPSICO INC | 10,644 | 10,644 |
| PFIZER INC | 4,510 | 4,510 |
| PRINCIPAL FINANCIAL GROUP INC | 5,032 | 5,032 |
| PROCTER & GAMBLE CO | 2,515 | 2,515 |
| PROLOGIS INC | 2,114 | 2,114 |
| PUBLIC SERVICE ENTERPRISE GROUP INC | 6,337 | 6,337 |
| QUANTA SERVICES INC | 12,642 | 12,642 |
| REGIONS FINANCIAL CORP | 3,763 | 3,763 |
| ROPER TECHNOLOGIES INC | 12,996 | 12,996 |
| S&P GLOBAL INC | 9,961 | 9,961 |
| SALESFORCE INC | 6,687 | 6,687 |
| SCHLUMBERGER LTD | 8,818 | 8,818 |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LTD CO | 2,158 | 2,158 |
| SEMPRA | 8,772 | 8,772 |
| SONOCO PRODUCTS CO | 2,931 | 2,931 |
| T-MOBILE US INC | 14,347 | 14,347 |
| TESLA INC | 22,211 | 22,211 |
| THERMO FISHER SCIENTIFIC INC | 10,405 | 10,405 |
| TRUIST FINANCIAL CORP | 2,603 | 2,603 |
| U S BANCORP DE | 10,523 | 10,523 |
| UNITEDHEALTH GROUP INC | 17,705 | 17,705 |
| UNUM GROUP | 8,033 | 8,033 |
| VALERO ENERGY CORP | 1,839 | 1,839 |
| VERIZON COMMUNICATIONS INC | 5,999 | 5,999 |
| VERTEX PHARMACEUTICALS INC | 6,041 | 6,041 |
| VISA INC CL A | 18,962 | 18,962 |
| WALMART INC | 14,456 | 14,456 |
| WEC ENERGY GROUP INC | 5,642 | 5,642 |
| WENDYS CO | 3,586 | 3,586 |
| WHIRLPOOL CORP | 1,145 | 1,145 |
| WILLIAMS COS INC DEL | 8,118 | 8,118 |
| XCEL ENERGY INC | 2,701 | 2,701 |
| ZOETIS INC CL A | 10,590 | 10,590 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ISHARES 0-5 YR HIGH YIELD CORP BOND ETF | FMV | 134,690 | 134,690 |
| ISHARES IBOXX $ HIGH YIELD CORP BOND ETF | FMV | 72,279 | 72,279 |
| ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF | FMV | 70,787 | 70,787 |
| FEDERATED HERMES INSTL HIGH YIELD BOND INSTL CL | FMV | 176,268 | 176,268 |
| PIMCO INCOME INSTL CL | FMV | 138,212 | 138,212 |
| VIRTUS SEIX FLOATING RATE HIGH INCOME CL I | FMV | 98,784 | 98,784 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 31,023 | 15,512 | 15,511 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 35 | 18 | 17 | |
| OFFICE EXPENSES & SUPPLIES | 471 | 235 | 236 | |
| OTHER MISCELLANEOUS | 489 | 244 | 245 |
| Description | Amount |
|---|---|
| NET REIMBURSEMENT FOR PRIOR YEAR INELIGIBLE EXPENDITURES | 18,000 |
| UNREALIZED GAIN ON INVESTMENTS | 116,348 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | 23,606 | 23,606 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 6,200 | 0 | 0 | |
| FOREIGN TAXES WITHHELD | 253 | 253 | 0 |