| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,626 | 3,313 | 3,313 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| NATIONAL RURAL UTIL COOP NTS RATE 4.45% MATURES 3/13/26 | 169,784 | 169,628 |
| AIR LEASE CORP NTS RATE 5.3% MATURES 6/25/26 | 211,874 | 211,359 |
| MCKESSON CORP NTS RATE 1.3% MATURES 8/15/26 | 93,920 | 94,775 |
| WELLS FARGO & CO NTS RATE 4.54% MATURES 8/15/26 | 206,796 | 207,584 |
| CITIGROUP INC NTS RATE 5.61% MATURES 9/29/26 | 209,129 | 209,129 |
| AMERICAN EXPRESS CO NTS RATE 6.338% MATURES 10/30/26 | 208,860 | 208,550 |
| ONEOK INC NTS RATE 5.55% MATURES 11/01/26 | 209,147 | 208,550 |
| ABBVIE INC NTS RATE 2.95% MATURES 11/21/26 | 211,514 | 211,765 |
| BAKER HUGHES LLC NTS RATE 2.061% MATURES 12/15/26 | 212,426 | 213,347 |
| GENL MOTORS FINL CO NTS RATE 4.35% MATURES 01/17/27 | 213,788 | 213,501 |
| AMERICAN HONDA FIN NTS RATE 4.9% MATURES 3/12/27 | 210,346 | 208,441 |
| ENBRIDGE INC NTS RATE 5.25% MATURES 4/5/27 | 209,350 | 208,396 |
| T-MOBILE INC NTS RATE 3.75% MATURES 4/15/27 | 211,678 | 211,002 |
| CSX CORP NTS RATE 3.25% MATURES 5/1/17 | 212,208 | 211,161 |
| SOUTHERN CAL EDISON NTS RATE 4.7% MATURES 6/1/27 | 211,725 | 210,048 |
| BK OF MONTREAL NTS RATE 5.37% MATURES 6/4/27 | 210,803 | 209,069 |
| TRUIST FINANCIAL CORP NTS RATE 6.047% MATURES 6/8/27 | 211,571 | 211,449 |
| CANADIAN IMPERIAL BANK NTS RATE 5.237% MATURES 6/28/27 | 211,688 | 210,207 |
| ROYAL BK OF CANADA NTS RATE 5.069% MATURES 7/23/27 | 213,893 | 212,960 |
| GLOBAL PAYMENTS INC NTS RATE 4.95% MATURES 8/15/27 | 201,706 | 200,246 |
| TOYOTA MOTOR CRDT CORP NTS RATE 4.35% MATURES 10/8/27 | 145,098 | 144,962 |
| ACCRUED INTEREST | 0 | 39,179 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EUROFINS SCIENTIFIC SE EUR | 113,804 | 76,590 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| RELATED REAL ESTATE DEBT FUND INVESTOR LLC | AT COST | 506,810 | 516,035 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 95 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UBS - INVESTMENT EXPENSE | 223 | 223 | 0 | |
| MN FILING FEE | 26 | 0 | 26 | |
| BANK FEES | 25 | 13 | 12 | |
| RELATED REAL ESTATE DEBT FUND INVESTOR LLC | 2,764 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RELATED REAL ESTATE DEBT FUND INVESTOR LLC | 1,051 | 1,051 | 1,051 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UBS INVESTMENT ADVISORY FEES | 27,481 | 27,481 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 2,648 | 2,648 | 0 |