| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AKRON OH TXBL 3.625% 12/1/26 | 73,690 | 73,588 |
| AMARILLO TX TXBL 5% 8/15/32 | 329,935 | 329,844 |
| ANDREW MO SD#RIII TXBL 5.02% 4/15/31 | 200,000 | 196,864 |
| ATHENS GA DEV TXBL 3.181% 9/1/30 | 60,000 | 55,010 |
| AUGUSTA GA TXBL 4.75% 10/1/26 | 216,330 | 200,042 |
| AUSTIN TX CLG TXBL 3.967% 8/1/32 | 75,000 | 69,590 |
| BALDWIN AL TXBL 5.35% 10/15/32 | 159,482 | 160,189 |
| BANK OF NY NT 3.95% 11/18/25 | 50,088 | 49,756 |
| BEDFORD PK IL TXBL GO 2.25% 12/1/30 | 203,915 | 214,098 |
| BOEING CO NT 7.25% 6/15/25 | 50,689 | 40,344 |
| BRISTOL VA TXBL GO 3.25% 1/1/25 | 100,000 | 100,000 |
| CLAWSON MI TXBL GO 3.98% 5/1/30 | 100,000 | 95,786 |
| CO ST COPS TXBL 3.969% 9/1/33 | 198,134 | 185,562 |
| CO ST HSG TXBL 5.661% 5/1/33 | 250,000 | 255,943 |
| CO ST UNIV TXBL 3.732% 3/1/26 | 100,000 | 99,324 |
| COOK CO IL SD #79 TXBL GO 2% 12/1/26 | 182,824 | 167,013 |
| CT ST HSG TXBL 3% 5/15/29 | 100,000 | 93,358 |
| DC TAX REV TXBL 1.91% 12/1/33 | 320,442 | 350,609 |
| EXCELSIOR MO TXBL 2.137% 3/1/29 | 150,000 | 134,579 |
| FARGO ND TXBL PROJ 3.83% 5/1/26 | 150,000 | 148,535 |
| FISHERS IN TXBL 4% 8/1/26 | 165,238 | 158,840 |
| GEARY CNTY KS TXBL 5% 8/1/31 | 80,000 | 80,892 |
| GLASSBORO NJ TXBL GO 1.375% 1/15/27 | 260,000 | 244,845 |
| GRIFFITH IN RENT TXBL 2.16% 2/1/31 | 150,000 | 128,484 |
| HOUSTON TX UTIL TXBL 3.543% 11/15/26 | 100,000 | 98,561 |
| IA ST MTGE TXBL 5.35% 7/1/31 | 450,000 | 457,007 |
| ID ST HSG TXBL 5.082% 1/1/32 | 140,000 | 139,674 |
| INTERMTN PWR UT TXBL 4.99% 7/1/34 | 175,000 | 173,903 |
| JACKSON CNTY GA IDR TXBL 3.7% 5/1/31 | 99,311 | 93,851 |
| JOHNSON KS SD230 TXB GO 2.65% 9/1/26 | 50,000 | 48,517 |
| KINGMAN AZ TXBL 2.49% 7/15/34 | 264,046 | 260,690 |
| KY ST HSG TXBL 5.157% 1/1/33 | 175,000 | 173,866 |
| LAREDO TX TXBL 5.7% 3/15/32 | 200,000 | 206,926 |
| LINCOLN MI S/D TXBL GO 4.05% 5/1/31 | 100,000 | 95,476 |
| MA ST HSG TXBL 3.6% 6/1/26 | 200,000 | 197,874 |
| MA ST HSG TXBL 5.625% 12/1/34 | 375,000 | 379,144 |
| MANATEE CNTY FL TXBL 1.32% 10/1/26 | 100,000 | 94,948 |
| ME HLTH & HGR EDU TXBL 3.84% 7/1/27 | 250,000 | 244,185 |
| MI ST HSG DEV 2.35% 10/1/26 | 55,000 | 53,790 |
| MN ST HSG 5.374% 7/1/29 | 265,000 | 270,854 |
| MN ST HSG TXBL 5.488% 1/1/25 | 200,000 | 199,090 |
| MO ST DEV TXBL 2.372% 11/1/31 | 200,000 | 169,368 |
| MO ST HWY BAB TXBL 5.633% 5/1/29 | 143,365 | 125,951 |
| MOLINE IL TXBL GO 3.056% 12/1/36 | 295,378 | 305,791 |
| MONTGOMERY CNTY MD TXBL 4.15% 5/1/30 | 100,000 | 96,898 |
| MS ST HSG TXBL 5.261% 12/1/32 | 200,000 | 198,884 |
| NASHVILLE CNTY TN TXBL 2.114% 7/1/29 | 150,000 | 134,687 |
| ND ST HSG TXBL 5.299% 7/1/33 | 460,000 | 458,169 |
| NEW YORK CITY NY TXBL 4.066% 5/1/30 | 150,000 | 144,420 |
| NH ST HSG TXBL 3.255% 7/1/25 | 5,000 | 4,967 |
| NJ ST HSG TXBL 4.05% 5/1/30 | 175,000 | 169,958 |
| NJ ST HSG TXBL 4.971% 5/1/28 | 100,000 | 100,849 |
| NORTHERN AZ TXBL COPS 2.25% 7/1/28 | 100,000 | 91,831 |
| NY CITY NY HSG TXBL 3.714% 11/1/28 | 75,000 | 72,622 |
| NY ST DORM TXBL 2.777% 2/15/30 | 224,332 | 245,857 |
| OH ST SPL OBLG TXBL 3.104% 4/1/25 | 50,000 | 49,836 |
| OK ST INDIAN CTR TXBL 3.713% 7/1/28 | 225,000 | 219,186 |
| OK ST TRANSN TXBL 1.722% 1/1/30 | 97,692 | 104,233 |
| OK ST TXBL 2.171% 7/1/31 | 259,204 | 275,486 |
| OR EDU TXBL GO 3.96% 6/30/27 | 100,000 | 99,020 |
| OR ST TXBL GO 5.892% 6/1/27 | 94,702 | 80,761 |
| PA ST HSG TXBL 2.33% 10/1/26 | 125,000 | 120,443 |
| PORT ST LUCIE FL TXBL 4.355% 5/1/31 | 103,532 | 97,180 |
| RICHLAND SC SD GO TXBL 4.875% 9/1/27 | 155,951 | 149,996 |
| RIVERSIDE CA TXBL 2.777% 6/1/32 | 161,686 | 172,808 |
| ROGERS AR SALES TXBL 3.942% 11/1/26 | 125,000 | 123,769 |
| SAN FRANCISCO CA TXBL 5.585% 9/1/31 | 485,000 | 500,462 |
| SAN LUIS CO CA TXBL GO 3.272% 8/1/25 | 50,000 | 49,724 |
| SD ST HLTH 2.89% 11/1/34 | 307,116 | 328,924 |
| ST PAUL MN PORT TXBL 4.7% 10/1/28 | 165,000 | 163,967 |
| TUSCON AZ COPS BAB TXBL 6.75% 7/1/30 | 218,803 | 192,046 |
| UNIV OF AR TXBL 3.71% 11/1/29 | 100,000 | 95,805 |
| UNIV OF NC NC TXBL 2.241% 4/1/31 | 171,719 | 187,125 |
| UNIV OF ND ND TXBL COPS 3.95% 4/1/28 | 175,000 | 170,571 |
| VA ST TXBL 2.466% 11/1/35 | 180,038 | 196,695 |
| WASHINGTON CO GA TXBL 1.75% 12/1/30 | 280,000 | 235,410 |
| WINNEBAGO IL TXBL GO 4.44% 12/30/29 | 100,000 | 98,264 |
| WIXOM MI TXBL GO 3.95% 5/1/31 | 325,000 | 308,721 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADOBE INC | 57,845 | 88,936 |
| ALPHABET INC CL A | 494,006 | 1,211,520 |
| AMAZON COM INC | 279,934 | 800,774 |
| AMGEN INC | 51,588 | 69,070 |
| APPLE INC | 249,368 | 2,747,859 |
| BANK OF AMERICA CORP | 188,964 | 324,131 |
| BERKSHIRE HATHAWAY INC CL B | 1,464,507 | 3,701,031 |
| BLACKROCK FINANCE INC | 41,954 | 82,009 |
| CATERPILLAR INC | 48,325 | 123,338 |
| COMMERCE BANCSHARES INC | 146,355 | 497,421 |
| COSTCO WHSL CORP NEW | 93,498 | 553,427 |
| EATON CORPORATION PLC ADR | 34,131 | 99,561 |
| ELEVANCE HEALTH INC | 69,630 | 92,225 |
| EMERSON ELECTRIC CO | 99,252 | 198,288 |
| FIDELITY SML CAP INDX-INS PR | 782,500 | 796,602 |
| GENERAL DYNAMICS CORP | 30,348 | 42,158 |
| GOLDMAN SACHS GROUP INC | 23,904 | 60,125 |
| HONEYWELL INTL INC | 40,474 | 64,379 |
| ILLINOIS TOOL WORKS INC | 15,674 | 27,892 |
| ISHARES CORE S&P 500 ETF | 2,868,858 | 6,101,080 |
| ISHARES RUSSELL MIDCAP GROWTH ETF | 762,963 | 1,606,556 |
| ISHARES RUSSELL MIDCAP VALUE ETF | 797,583 | 1,248,131 |
| ISHARES SEMICONDUCTOR ETF | 35,193 | 61,415 |
| JOHNSON AND JOHNSON | 110,960 | 149,682 |
| JP MORGAN CHASE & CO | 55,732 | 123,451 |
| LILLY ELI & CO | 54,529 | 54,040 |
| LOCKHEED MARTIN CORP | 42,018 | 68,032 |
| LOWES COMPANIES INC | 152,702 | 425,977 |
| MASTERCARD INCORPORATED CLASS A | 156,691 | 592,391 |
| MCDONALDS CORP | 227,083 | 398,599 |
| MERCK & CO INC | 30,519 | 51,730 |
| MICROSOFT CORP | 395,460 | 3,636,702 |
| MONDELEZ INTERNATIONAL INC | 66,626 | 103,333 |
| MORGAN STANLEY, DEAN WITTER & CO. | 306,399 | 772,801 |
| NORTHROP GRUMMAN CORP | 60,118 | 58,661 |
| NVIDIA CORP | 240,150 | 1,195,181 |
| ORACLE CORPORATION | 31,536 | 119,148 |
| PEPSICO INC | 582,039 | 1,054,688 |
| PROCTER & GAMBLE CO | 32,552 | 70,413 |
| STRYKER CORP | 308,605 | 306,043 |
| THERMO FISHER CORP | 247,695 | 676,299 |
| T-MOBILE US INC | 233,082 | 397,314 |
| TRANE TECHNOLOGIES PLC | 11,972 | 46,169 |
| UNION PACIFIC CORP | 51,076 | 112,880 |
| UNITEDHEALTH GROUP INC | 72,582 | 75,879 |
| VANGUARD FTSE DEVELOPED MARKETS | 403,167 | 431,576 |
| VANGUARD FTSE EMERGING MARKETS-ETF | 173,448 | 156,342 |
| VANGUARD RE INDX FD ADM SHRS | 66,287 | 87,711 |
| VISA INC CLASS A SHARES | 232,439 | 2,101,666 |
| WASTE MGMT INC DEL | 60,918 | 131,164 |
| Description | Amount |
|---|---|
| BOOK-TO-TAX DIFFERENCE | 13,909 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GTS FEES | 15 | 15 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 1,952 | 1,952 | 0 | |
| FEDERAL EXCISE TAX | 7,400 | 0 | 0 |