| 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 |
|---|---|---|
| AMERICAN TOWER CORP - 4.400% - | 4,395 | 3,979 |
| APPLE INC NOTE - 3.350% - 08/0 | 2,884 | 2,749 |
| ARROW ELECTRONICS INC - 5.880% | 4,151 | 4,023 |
| ASSURED GUARANTY US HOLDINGS I | 2,695 | 2,649 |
| ATHENE HLDG LTD SR NOTE - 3.50 | 4,375 | 4,508 |
| BANK NEW YORK MELLON - 3.442% | 4,145 | 3,898 |
| BANK NOVA SCOTIA BC MTN BANK N | 2,759 | 2,888 |
| BROOKFIELD FIN INC - 4.350% - | 3,797 | 3,856 |
| CB RICHARD ELLIS SERVICES INC | 4,196 | 4,126 |
| CDW CORP - 3.250% - 02/15/2029 | 5,062 | 4,607 |
| CENTENE CORP DEL SER B - 4.250 | 4,542 | 4,852 |
| DEERE JOHN CAPITAL CORP MTN - | 3,993 | 3,836 |
| EBAY INC - 3.600% - 06/05/2027 | 3,257 | 2,926 |
| ENCOMPASS HEALTH CORP - 4.500% | 3,635 | 3,860 |
| FORTUNE BRANDS - 5.875% - 06/0 | 3,068 | 3,077 |
| HASBRO INC - 3.900% - 11/19/20 | 3,686 | 3,762 |
| JEFFERIES GROUP LLC - 4.850% - | 4,280 | 4,007 |
| JPMORGAN CHASE - 3.625% - 12/0 | 3,232 | 2,915 |
| KEYSIGHT TECHNOLOGIES INC - 3. | 3,094 | 2,736 |
| KYNDRYL HLDGS INC SER B NOTE - | 3,075 | 3,466 |
| LAMAR MEDIA CORP SER B NOTE - | 3,610 | 3,751 |
| MEAD JOHNSON NUTRITION - 4.125 | 3,960 | 3,983 |
| MORGAN STANLEY - 5.449% - 07/2 | 2,933 | 3,033 |
| NASDAQ INC - 3.850% - 06/30/20 | 3,252 | 2,964 |
| NORTHERN TR CORP - 3.650% - 08 | 3,215 | 2,896 |
| REINSURANCE GROUP - 3.150% - 0 | 3,446 | 3,611 |
| SCHWAB CHARLES CORP - 5.643% - | 2,949 | 3,061 |
| SEAGATE HDD CAYMAN - 4.875% - | 3,017 | 2,955 |
| SILGAN HOLDINGS - 4.125% - 02/ | 4,088 | 3,818 |
| STEELCASE INC - 5.130% - 01/18 | 3,890 | 3,839 |
| TD BANK - 5.150% - 09/10/2034 | 3,924 | 3,904 |
| TRIMBLE - 4.900% - 06/15/2028 | 4,526 | 3,996 |
| TRUIST FINL CORP SER G MTN - 5 | 3,130 | 3,055 |
| UNITED RENTALS NORTH AMER INC | 4,087 | 3,832 |
| VERISIGN INC - 4.750% - 07/15/ | 2,965 | 2,996 |
| VMWARE INC - 3.900% - 08/21/20 | 3,339 | 2,932 |
| VONTIER CORPORATION SER B NOTE | 3,186 | 3,436 |
| WESTINGHOUSE AIR BRAKE TECHNOL | 3,318 | 2,971 |
| WYETH - 6.500% - 02/01/2034 | 3,430 | 3,265 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACAP STRATEGIC FUND CLASS W | 101,559 | 106,422 |
| ACI WORLDWIDE INC | 937 | 1,713 |
| ADOBE SYSTEMS, INC | 21,038 | 20,900 |
| ADYEN N.V. | 818 | 1,319 |
| AIA GROUP LTD ADR | 1,281 | 1,182 |
| AKAMAI TECH COM STK | 1,421 | 1,243 |
| ALCON INC | 8,926 | 10,441 |
| ALFA LAVAL AB | 1,168 | 1,370 |
| ALLEGION PLC | 1,914 | 1,960 |
| ALLIANZ SE | 2,481 | 3,543 |
| ALPHABET INC CL C | 10,671 | 27,233 |
| AMAZON COM | 8,478 | 28,301 |
| AMBEV SA | 1,161 | 862 |
| AMDOCS LIMITED | 1,642 | 1,788 |
| AMER FIN GRP HLD | 1,485 | 1,917 |
| AMER INTERNATIONAL GROUP INC | 7,900 | 7,571 |
| AMERICAN WATER WORKS COMPANY I | 7,650 | 7,345 |
| AMERIPRISE FINANCIAL INC | 6,815 | 15,973 |
| AMGEN INC | 7,634 | 8,601 |
| AMICUS THERAPEUTICS INC | 1,413 | 1,159 |
| ANALOG DEVICES INC | 4,446 | 6,586 |
| ANSYS INC | 10,120 | 9,783 |
| APPLE INC | 15,116 | 25,292 |
| APPLIED IDNS TECH | 1,920 | 3,592 |
| APTAR GROUP INC | 2,065 | 2,671 |
| ARGENX SE | 1,684 | 3,690 |
| ASSA ABLOY UNSP/ADR | 919 | 996 |
| ATLAS COPCO AB A SHS ADR | 1,318 | 1,437 |
| ATMOS ENERGY CORP | 1,626 | 1,950 |
| AUTODESK, INC | 8,800 | 9,754 |
| AVERY DENNISON CORP | 1,239 | 1,497 |
| AVIDITY BIOSCIENCES, INC. | 552 | 349 |
| AVIENT | 1,190 | 1,022 |
| AXCELIS TECHNOLOGIES INC | 1,175 | 838 |
| BANCO BILBAO ARG SA | 1,099 | 1,857 |
| BILL COM HOLDINGS | 1,013 | 1,017 |
| BIO TECHNE CORPORATION | 10,974 | 10,012 |
| BJ'S WHLSL CLUB INC | 1,843 | 2,412 |
| BLACKROCK INC | 4,803 | 9,226 |
| BRAZE, INC | 1,568 | 1,173 |
| BRINKS CO | 1,110 | 928 |
| BUILDERS FIRST SOURCE INC | 1,096 | 858 |
| CAMDEN PPTY TR | 1,143 | 1,392 |
| CANADIAN NATL RAILWAY CO | 1,504 | 1,320 |
| CAPITAL ONE FINANCIAL CORP | 9,524 | 11,947 |
| CAVCO INDS INC DEL | 731 | 1,339 |
| CBOE HOLDINGS INC | 968 | 2,149 |
| CHECK POINT SOFTWARE TECHNOLOG | 1,633 | 2,054 |
| CHEMED CORP | 1,865 | 2,119 |
| CHEWY INC | 1,440 | 1,842 |
| CHOICE HOTELS INTERNATIONAL IN | 2,166 | 2,556 |
| CHUBB LIMITED | 4,447 | 4,421 |
| CHUGAI PHARMACEUTICAL CO., LTD | 2,132 | 2,561 |
| CINCINNATI FINANCIAL CORP | 2,034 | 2,443 |
| CLOROX CO | 1,207 | 1,462 |
| COHEN & STEERS INC | 867 | 1,200 |
| COLOPLAST AS ADR | 862 | 771 |
| COLUMBIA SPORTSWEAR CO | 1,550 | 1,511 |
| COMMERCE BANCSHARES, INC | 8,655 | 9,160 |
| CONFLUENT, INC | 923 | 1,202 |
| COOPER COMPANIES INC | 1,801 | 2,022 |
| CREDICORP LTD | 728 | 1,100 |
| CRINETICS PHARMACEUTICALS INC | 636 | 869 |
| CROWDSTRIKE HOLDINGS, INC | 6,199 | 12,318 |
| CUBESMART | 1,281 | 1,286 |
| CULLEN FROST BANKERS INC | 8,085 | 9,129 |
| DAIFUKU CO LTD UNSPONSRED ADS | 755 | 854 |
| DANAHER CORP | 7,806 | 8,264 |
| DASSAULT SYS SA SPN ADR | 2,563 | 1,998 |
| DBS GROUP HLDGS SPON ADR | 2,486 | 3,585 |
| DECKERS OUTDOOR CORPORATION | 720 | 2,437 |
| DEERE CO | 8,633 | 9,321 |
| DISCO CORPORATION | 1,060 | 1,006 |
| DOCUSIGN INC | 1,309 | 1,709 |
| DOLBY LABORATORIES | 3,376 | 3,515 |
| DONALDSON CO. INC | 1,797 | 2,021 |
| DORMAN PRODUCTS INC | 820 | 907 |
| DOXIMITY ORD SHS CLASS A | 700 | 694 |
| EAST WEST BANCORP, INC | 677 | 1,053 |
| ECOLAB INC | 10,816 | 12,185 |
| ELASTIC NV | 964 | 892 |
| ELI LILLY & CO | 11,344 | 21,616 |
| EMCOR GROUP INC | 669 | 2,723 |
| ENTEGRIS INC | 2,032 | 2,179 |
| EPIROC AB | 1,249 | 1,198 |
| EQUITY LIFESTYLE PRP | 8,537 | 8,525 |
| ETSY INC | 2,714 | 1,322 |
| EXLSERVICE HOLDINGS INC | 2,510 | 3,550 |
| EXPEDITORS INTL WASH INC | 1,442 | 1,551 |
| F5 NETWORKS, INC | 1,021 | 1,760 |
| FACTSET RESH SYST INC | 2,141 | 2,882 |
| FLOWERS FOODS INC | 1,347 | 1,198 |
| FOMENTO ECONOMICO MEXICANO | 2,332 | 2,052 |
| GE VERNOVA | 6,867 | 7,565 |
| GENERAL ELECTRIC CO | 16,105 | 15,345 |
| GENMAB A/S SPON | 1,602 | 835 |
| GENUINE PARTS COMPANY | 1,399 | 1,168 |
| GITLAB INC | 2,035 | 2,367 |
| GODADDY INC | 1,593 | 3,750 |
| GRACO INC | 1,391 | 1,854 |
| GRUPO FIN ADR | 831 | 738 |
| HAIER SMART HOME ADR | 1,009 | 1,176 |
| HAMILTON LANE INC | 1,184 | 1,481 |
| HDFC BANK LTD ADR | 2,702 | 2,618 |
| HENRY JACK & ASSOC INC | 1,674 | 1,753 |
| HOULIHAN LOKEY INC | 1,330 | 1,563 |
| HUBBELL INCORPORATED | 13,142 | 18,850 |
| HUBSPOT INC | 1,635 | 3,484 |
| HYATT HOTELS CORP | 1,514 | 2,669 |
| IDEAYA BIOSCIENCES | 1,907 | 1,131 |
| IDEX CP | 2,338 | 2,302 |
| IDEXX CORP | 8,867 | 7,855 |
| IMMUNOCORE HLDGS PLC | 1,569 | 797 |
| INARI MEDICAL INC | 1,313 | 1,021 |
| INFINEON TECH ADS | 2,284 | 2,108 |
| INSMED INC COM DE | 1,278 | 1,381 |
| INTERNATIONAL BANCSHARES CORPO | 751 | 884 |
| INTERPUBLIC GROUP OF COS | 1,182 | 1,345 |
| JFROG | 1,312 | 1,588 |
| JONES LANG LASALLE | 1,465 | 2,278 |
| KNIGHT SWIFT TRANSPORTATION HO | 1,042 | 1,008 |
| KOMATSU LTD | 1,183 | 1,257 |
| L'AIR LIQUIDE ADR OTC | 1,221 | 1,226 |
| L'OREAL ADR | 2,784 | 2,253 |
| LAMAR ADVERTISING CO CL A REIT | 1,110 | 1,583 |
| LATTICE SEMICONDUCTOR | 1,711 | 1,643 |
| LENNAR CORP | 6,853 | 10,364 |
| LENNOX INTL INC | 2,795 | 3,047 |
| LINCOLN ELECTRIC HOLDING INC | 3,455 | 3,374 |
| LOWES COMPANIES INC | 6,788 | 8,144 |
| MADRIGAL PHARMACEUTICALS | 712 | 926 |
| MANHATTAN ASSOCIATES INC | 1,689 | 1,892 |
| MANULIFE FIN CORP | 1,534 | 2,518 |
| MARTIN MARIETTA MATLS INC | 6,436 | 9,297 |
| MASCO CORP | 1,056 | 1,234 |
| MCCORMICK & CO | 1,008 | 1,144 |
| MEDPACE HOLDINGS, INC | 670 | 1,329 |
| MEDTRONIC PLC | 8,672 | 7,109 |
| MERCADOLIBRE, INC | 1,868 | 1,700 |
| MERCK & CO INC | 7,032 | 6,864 |
| MICHELIN CIE GEN UNSP/ADR | 6,810 | 6,146 |
| MICROCHIP TECHNOLOGY INC | 9,297 | 7,226 |
| MICROSOFT CORP | 24,077 | 44,257 |
| MITSUBISHI UFJ FINANCIAL GROUP | 3,644 | 7,829 |
| MODINE MFG CO | 686 | 696 |
| MONGODB INC CL A | 2,605 | 2,095 |
| MUELLER IND INC | 1,113 | 1,349 |
| NEUROCRINE BIOSCIENCES, INC | 1,835 | 2,457 |
| NEW YORK TIMES CO CL A | 1,987 | 2,446 |
| NORDSON CP | 3,190 | 3,766 |
| NORTHERN TRUST CORPORATION | 1,537 | 2,050 |
| NOVOZYMES A/S UNSP/ADR | 861 | 905 |
| NVENT ELECTRIC PLC | 6,564 | 5,453 |
| NVIDIA CORP | 5,827 | 33,303 |
| OLD DOMINION FREIGHT LINE | 8,420 | 9,349 |
| OPTION CARE HEALTH INC | 788 | 534 |
| PACCAR INC | 9,719 | 10,402 |
| PACKAGING CORP AMER | 709 | 1,351 |
| PARKER HANNIFIN CP | 6,775 | 15,265 |
| PATRICK IND INC | 866 | 748 |
| PAX WORLD GLOBAL GREEN FD INST | 189,052 | 280,847 |
| PAYCOM SOFTWARE | 2,016 | 2,255 |
| PING AN INSURANCE GROUP ADR | 633 | 710 |
| PNC FINANCIAL GROUP INC | 8,581 | 10,800 |
| POWER INTEGRATIONS, INC | 985 | 1,111 |
| PROCEPT BIOROBOTICS | 654 | 725 |
| PROCORE TECHNOLOGIES INC | 2,063 | 2,098 |
| PROCTER GAMBLE CO | 8,075 | 10,394 |
| PROGRESS SOFTWARE CORP | 1,168 | 1,759 |
| PT TELEKOM. IND. TBK ADR | 1,511 | 1,053 |
| QUALCOMM INC | 6,754 | 7,220 |
| QUALYS INC COM | 2,379 | 2,384 |
| ROCHE HOLDING LTD ADR | 2,083 | 2,128 |
| ROCKWELL AUTOMATION INC | 12,144 | 14,861 |
| RPM INTERNATIONAL INC | 8,989 | 12,429 |
| S&P GLOBAL INC COM | 6,399 | 14,443 |
| SAP AKTIENGESELL ADS | 1,584 | 2,708 |
| SAREPTA THERAPEUTICS INC | 1,407 | 1,337 |
| SCHNEIDER ELEC UNSP/ADR | 1,506 | 2,283 |
| SEI INVESTMENTS | 1,994 | 2,804 |
| SELECTIVE INS GROUP INC | 1,445 | 1,403 |
| SHERWIN-WILLIAMS CO | 11,119 | 10,878 |
| SHIMANO INC UNSP ADR EACH REPR | 686 | 549 |
| SHIONOGI & CO LTD | 981 | 800 |
| SHOPIFY INC | 8,789 | 14,780 |
| SILGAN HOLDINGS, INC | 984 | 989 |
| SIMPLICITY BANCORP INC | 1,428 | 1,676 |
| SMITH A O CORP DEL COM | 3,580 | 3,888 |
| SNAP ON INC | 1,501 | 2,376 |
| SONOVA HOLDING AG AD | 796 | 976 |
| SONY GROUP CORP | 13,507 | 13,521 |
| SPRINGWORKS THERAPEUTICS INC | 2,125 | 1,481 |
| SPROUTS FARMERS MARKET INC | 1,196 | 1,525 |
| STAG INDUSTRIAL INC | 1,097 | 1,184 |
| STERIS PLC | 1,290 | 1,233 |
| STIFEL FINANCIAL CP | 1,708 | 2,652 |
| STRYKER CORPORATION | 6,115 | 5,761 |
| SYMRISE AG UNSPONSORED | 1,226 | 1,241 |
| SYSMEX CORP UNSP ASDR | 1,849 | 1,763 |
| TAIWAN SEMICONDUCTOR MFG CO LT | 1,443 | 2,962 |
| TAPESTRY INC | 1,829 | 3,267 |
| TECHTRONIC INDS SPD ADR | 1,016 | 919 |
| TELEDYNE TECH INC | 9,636 | 10,211 |
| TELEFLEX INC | 2,078 | 1,602 |
| TENCENT HOLDINGS LIMITED | 1,483 | 1,702 |
| TERADYNE INC | 1,248 | 1,511 |
| TEXAS ROADHOUSE, INC | 2,962 | 3,969 |
| THE BLACKSTONE GROUP INC CL A | 5,500 | 7,931 |
| THE COCA-COLA CO | 10,118 | 11,269 |
| THE TRADE DESK INC | 4,689 | 4,114 |
| TOPBUILD CORP | 2,480 | 3,736 |
| TORO CO | 1,369 | 1,041 |
| TYLER TECHNOLOGIES, INC | 2,388 | 4,036 |
| UNICHARM CORP - SPN ADR | 1,528 | 1,086 |
| US BANCORP | 7,975 | 11,910 |
| VERIZON COMMUNICATIONS | 7,908 | 7,118 |
| VERRA MOBILITY CORPORATION | 1,418 | 1,209 |
| VIKING THERAPEUTICS INC | 572 | 362 |
| VISA INC | 12,166 | 23,071 |
| WATERS CORP | 2,426 | 2,968 |
| WATTS WATER TECHNOLOGIES INC | 1,369 | 1,423 |
| WILLIAMS SONOMA INC | 970 | 2,222 |
| WINGSTOP INC | 1,561 | 2,558 |
| WINTRUST FINANCIAL CORPORATION | 1,568 | 1,995 |
| XENON PHARMACEUTICALS | 758 | 706 |
| XYLEM INC | 7,352 | 8,469 |
| ZEBRA TECHNOLOGIES CORP | 1,508 | 1,931 |
| ZOETIS INC | 8,479 | 9,287 |
| ZTO EXPRESS CAYMAN INC | 902 | 841 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 14,892 | 14,892 | ||
| Bank Charges | 273 | 273 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 15,201 | 15,201 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2024 | 900 | |||
| 990-PF Excise Tax for 2023 | 1,079 | |||
| Foreign Tax Paid | 692 | 692 |