| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 9,000 | 0 | 9,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALEXANDRIA REAL ESTATE EQUITIES INC 2.95% 03/15/34 | 5,542 | 6,065 |
| AMAZON.COM INC 4.7% 12/01/32 | 4,871 | 5,167 |
| AMERICAN HOMES 4 RENT LP 4.9% 02/15/29 | 22,146 | 23,807 |
| AMERICAN HONDA FINANCE CORP 5.85%10/04/30 | 11,390 | 11,843 |
| AMGEN INC 5.15% 03/02/2028 | 23,953 | 24,978 |
| AON CORP/AON GLOBAL HOLDINGS PLC 5.35% 02/28/33 | 10,779 | 11,659 |
| APPLE INC 3.35% 08/08/32 | 5,341 | 5,835 |
| ARES CAPITAL CORP 2.875% 06/15/27 | 10,243 | 11,760 |
| ASSURED GUARANTY US HOLDINGS INC 3.15% 06/15/31 | 11,086 | 12,286 |
| ASTRAZENECA FINANCE LLC 4.875% 03/03/33 | 4,852 | 5,244 |
| AT&T INC 5.4% 02/15/34 | 2,974 | 3,173 |
| ATMOS ENERGY CORP 5.9% 11/15/33 | 5,133 | 5,453 |
| B.A.T. CAPITAL CORPORATION 3.557% 08/15/2027 | 14,484 | 15,089 |
| BANK OF AMERICA CORPORATION FXD TO 042032 VAR THRAFTR 4.571% 04/27/33 | 11,073 | 12,089 |
| BANK OF AMERICA CORPORATION HYBRID MTN 3.974% 02/07/2030 | 22,179 | 23,251 |
| BANK OF NEW YORK MELLON CORP FXD 102032 VAR THFTR 50835% 10/25/33 | 15,365 | 16,356 |
| BERRY GLOBAL INC 1.57% 01/15/2026 | 17,971 | 18,112 |
| BOEING CO 6.125% 02/15/33 | 2,926 | 3,316 |
| BP CAPITAL MARKETS AMERICA INC. 4.812% 02/13/33 | 8,752 | 9,292 |
| CANADIAN IMPERIAL BANK OF COMM 5.26% 04/08/2029 | 17,056 | 17,824 |
| CAPITAL ONE FINANCIAL CORP FXD 5.247% 07/26/30 | 10,624 | 11,603 |
| CBOE HOLDINGS INC. 3.65% 01/12/2027 | 13,796 | 14,212 |
| CHARLES SCHWAB CORP 2.9% 03/03/32 | 10,877 | 12,038 |
| CIGNA GROUP 5.4% 03/15/33 | 11,123 | 11,645 |
| CITIGROUP INC. FXD TO 032029 VAR THRAFTR 3.98% 03/20/30 | 12,060 | 13,035 |
| CITIGROUP INC HYBRID 2.215% 01/10/2028 | 24,382 | 25,417 |
| COMCAST CORP 5.5% 11/15/32 | 5,034 | 5,323 |
| CONSOLIDATED EDISON CO OF NEW YORK 5.5% 03/15/34 | 5,001 | 5,338 |
| COREBRIDGE FINANCIAL INC 3.9% 04/05/32 | 11,351 | 12,489 |
| CROWN CASTLE INC 2.5% 07/15/31 | 5,655 | 6,346 |
| DOLLAR GENERAL CORPORATION 5.2% 07/05/2028 | 7,927 | 8,405 |
| DOMINION ENERGY INC 5.375% 11/15/32 | 4,920 | 5,231 |
| DTE ELECTRIC CO 5.2% 04/01/33 | 4,919 | 5,272 |
| DUKE ENERGY PROGRESS LLC 3.45% 03/15/2029 | 5,708 | 5,970 |
| ELEVANCE HEALTH INC 4.75% 02/15/33 | 8,588 | 9,200 |
| ELI LILLY & CO 4.7% 02/27/33 | 4,825 | 5,192 |
| ENBRIDGE INC. 4.25% 12/01/2026 | 24,738 | 25,138 |
| ENTERGY LOUISIANA LLC 4% 03/15/33 | 9,088 | 9,777 |
| ENTERPRISE PRODUCTS OPERATING LLC 5.35% 01/31/33 | 4,967 | 5,339 |
| EQUITABLE HOLDINGS INC 5.594% 01/11/33 | 10,848 | 11,782 |
| ERP OPERATING LP 2.85% 11/01/26 | 970 | 996 |
| FIFTH THIRD BANCORP FXD TO 07202027 VAR THRAFTR 4.772% 07/28/30 | 11,355 | 12,395 |
| FLORIDA POWER & LIGHT CO 2.45% 02/03/32 | 4,916 | 5,482 |
| FOX CORP 4.709% 01/25/2029 | 21,626 | 22,741 |
| GENERAL MOTORS FINANCIAL CO INC. 3.1% 01/12/32 | 4,948 | 5,566 |
| GENERAL MOTORS FINANCIAL COMPANY 6.0% 01/09/2028 | 18,109 | 19,118 |
| GLOBAL PAYMENTS INC 5.3% 08/15/2029 | 10,809 | 11,480 |
| GLOBAL PAYMENTS INC 5.4% 08/15/32 | 2,904 | 3,115 |
| GOLDMAN SACHS GROUP INC FXD TO 072031 VAR THRAFTR 2.383% 07/21/32 | 12,898 | 14,515 |
| HOME DEPOT INC 3.25% 04/15/32 | 5,231 | 5,685 |
| HONEYWELL INTERNATIONAL INC 4.25% 01/15/2029 | 19,656 | 20,543 |
| HUMANA INC. 1.35% 02/03/2027 | 18,194 | 18,549 |
| INTEL CORPORATION 5.125% 02/10/2030 | 18,041 | 18,825 |
| INTERCONTINENTAL EXCHANGE INC 4.6% 03/15/33 | 11,262 | 12,319 |
| JOHN DEERE CAPITAL CORP 4.35% 09/15/32 | 5,654 | 6,099 |
| JOHN DEERE CAPITAL CORP MTN 5.05% 03/03/2026 | 6,991 | 7,129 |
| JOHNSON & JOHNSON 4.95% 05/15/33 | 5,057 | 5,296 |
| JPMORGAN CHASE & CO FXD TO 102029 VAR THRAFTR 2.739% 10/15/30 | 18,236 | 20,055 |
| JPMORGAN CHASE & CO. HYBRID 3.782% 02/01/2028 | 21,448 | 22,299 |
| KIMCO REALTY OP LLC 3.2% 04/01/32 | 5,101 | 5,625 |
| KINDER ENERGY PARTNERS LP 7.3% 08/15/33 | 5,417 | 5,896 |
| LOCKHEED MARTIN CORP 5.25% 01/15/33 | 5,016 | 5,382 |
| MERCK & CO INC 2.15% 12/10/31 | 5,692 | 6,242 |
| META PLATFORMS INC 3.85% 08/15/32 | 5,467 | 5,910 |
| MORGAN STANLEY HYBRID MTN 4.431% 01/22/2030 | 22,469 | 23,589 |
| NEXTERA ENERGY CAPITAL HOLDING 1.875% 01/15/2027 | 28,954 | 29,627 |
| ONEOK INC 3.25% 06/01/2030 | 7,290 | 7,643 |
| ORACLE CORPORATION 2.875% 03/25/2031 | 6,221 | 6,339 |
| PHILIP MORRIS INTERNATIONAL INC 5.75% 11/17/32 | 11,327 | 11,849 |
| PNC FINANCIAL SERVICES HYBRID 5.582% 06/12/2029 | 5,964 | 6,243 |
| PNC FINL SERVICES GRP INC FXD TO 012033 VAR THRAFTR 5.068% 01/24/34 | 13,355 | 14,654 |
| PPL ELECTRIC UTILITIES CORP 4.85% 02/15/34 | 4,782 | 5,154 |
| PROLOGIS LP 4.75% 06/15/33 | 4,736 | 5,060 |
| PUBLIC SERVICE ELECTRIC AND GAS CO 3.1% 03/15/32 | 5,104 | 5,625 |
| REALTY INCOME CORP 2.85% 12/15/32 | 5,637 | 6,297 |
| REALTY INCOME CORPORATION 4.125% 10/15/2026 | 24,770 | 25,243 |
| RELX CAPITAL INC 3% 05/22/30 | 5,288 | 5,729 |
| ROYAL BANK OF CANADA 5% 02/01/33 | 10,637 | 11,555 |
| S&P GLOBAL INC 2.9% 03/01/32 | 5,088 | 5,598 |
| SEMPRA ENERGY 5.5% 08/01/33 | 4,876 | 5,346 |
| SERVICENOW INC 1.4% 09/01/30 | 5,546 | 6,204 |
| SIMON PROPERTY GROUP LP 6.25% 01/15/34 | 8,401 | 9,024 |
| SOUTHERN CALIFORNIA EDISON CO 5.95% 11/01/32 | 5,083 | 5,351 |
| STATE STREET CORP FXD TO 082032 VAR THRAFTR 4.164% 08/04/33 | 10,855 | 11,989 |
| TRANSCANADA PIPELINES LIMITED 4.25% 05/15/2028 | 6,828 | 7,054 |
| TRUIST FINANCIAL CORP FXD TO 102032 VAR THRAFTR 6.123% 10/28/33 | 13,133 | 14,205 |
| TRUIST FINANCIAL CORP HYBRID MTN 4.125& 06/06/2028 | 25,207 | 26,144 |
| U.S. BANCORP HYBRID MTN 2.215% 01/27/2028 | 28,387 | 29,753 |
| UNION PACIFIC CORP 2.375% 05/20/31 | 5,009 | 5,522 |
| UNITEDHEALTH GROUP INC 5.35% 02/15/33 | 5,007 | 5,317 |
| VERIZON COMMUNICATIONS INC 2.355% 03/15/32 | 5,594 | 6,227 |
| VERIZON COMMUNICATIONS, INC 4.016% 12/03/2029 | 22,031 | 22,917 |
| WALT DISNEY COMPANY MTN 1.85% 07/30/2026 | 25,543 | 25,914 |
| WELLS FARGO & CO FXD TO 042050 VAR THRAFTR 5.013% 04/04/51 | 25,193 | 26,025 |
| XCEL ENERGY INC 4.6% 06/01/32 | 5,541 | 5,999 |
| AMERIPRISE FINANCIAL, INC. - 05/13/32 | 19,819 | 20,320 |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC - 2/1/36 | 1,941 | 2,022 |
| ARTHUR J GALLAGHER & CO - 2/15/35 | 12,141 | 12,370 |
| BANK OF NOVA SCOTIA HYBRID - 02/14/31 | 12,361 | 12,608 |
| CAPITAL ONE FINANCIAL CORPORATION HYBRID - 09/11/31 | 9,969 | 10,130 |
| CONSTELLATION BRANDS, INC. - 05/09/32 | 11,030 | 11,139 |
| COTERRA ENERGY INC - 02/15/35 | 4,979 | 5,185 |
| CVS HEALTH CORPORATION - 06/01/31 | 9,401 | 9,470 |
| DOW CHEMICAL COMPANY - 11/15/30 | 6,240 | 6,221 |
| EASTERN ENERGY GAS HOLDINGS LLC - 1/15/35 | 5,301 | 5,423 |
| MCKESSON CORPORATION - 05/30/32 | 6,169 | 6,199 |
| NXP BV/NXP FDG/NXP USA - 02/15/32 | 6,255 | 6,366 |
| ORACLE CORPORATION - 09/26/32 | 8,984 | 8,846 |
| STATE STREET CORPORATION HYBRID - 12/03/29 | 8,784 | 9,088 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SPDR S&P 500 ETF TRUST | 938,058 | 2,724,952 |
| FEDERATED HERMES GOVT OBL PRM (GOFXX) | 231,338 | 231,338 |
| ISHARES C0-5 HY CORP (SHYG) | 51,961 | 51,958 |
| FEDERATED HERMES GOVT OBL AVR (GOVXX) | 4,672 | 4,672 |
| JANUS HENDERSON AAA CLO ETF (JAAA) | 70,554 | 70,306 |
| LORD ABBETT FLX RT1 (LFRIX) | 108,413 | 107,452 |
| LORD ABBETT INCOME (LAUYX) | 106,741 | 105,930 |
| LORD ABBETT SHT DURATION INC I (LLDYX) | 96,998 | 97,750 |
| PIMCO MORTGAGE OPP & BD 12 (PMZPX) | 42,469 | 42,601 |
| LORD ABBETT CORE PLUS BOND FUND 1 (LAPIX) | 35,397 | 35,776 |
| PIMCO LOW DURATION INC 12 (PFTPX) | 146,713 | 149,551 |
| LORD ABBETT ULTRA SHORT BD 1 (LUBYX) | 35,268 | 35,336 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FEDERAL NATIONAL MTG ASSN POOL BU7817 2.5% 10/01/51 | AT COST | 44,941 | 47,432 |
| FEDERAL NATIONAL MTG ASSN POOL BV2451 3% 06/01/52 | AT COST | 75,233 | 80,159 |
| FEDERAL NATIONAL MTG ASSN POOL BV9700 2.5% 06/01/52 | AT COST | 21,559 | 22,965 |
| FEDERAL NATIONAL MTG ASSN POOL FS2676 3% 06/01/52 | AT COST | 15,725 | 16,499 |
| FEDERAL NATIONAL MTG ASSN POOL FS7061 3% 04/01/52 | AT COST | 3,671 | 3,892 |
| FEDERAL NATIONAL MTG ASSN POOL FS7063 3% 10/01/53 | AT COST | 2,413 | 2,379 |
| FEDERAL NATIONAL MTG ASSN POOL FS7979 2% 12/01/53 | AT COST | 2,192 | 2,233 |
| FEDERAL NATIONAL MTG ASSN POOL FS9043 2.5% 10/01/51 | AT COST | 3,850 | 3,952 |
| FEDERAL NATIONAL MTG ASSN POOL MA4577 2% 04/01/52 | AT COST | 5,197 | 5,352 |
| FEDERAL NATIONAL MTG ASSN POOL MA4963 3.5% 03/01/53 | AT COST | 3,768 | 3,916 |
| FEDERAL NATIONAL MTG ASSN POOL MA5177 4% 10/01/53 | AT COST | 3,940 | 4,185 |
| FEDERAL NATIONAL MTG ASSN POOL MA5262 3.5% 12/01/53 | AT COST | 28,059 | 29,631 |
| FEDERAL NATIONAL MTG ASSN POOL MA5352 5% 05/01/54 | AT COST | 30,170 | 31,840 |
| FEDERAL NATIONAL MTG ASSN POOL MA5441 4% 08/01/54 | AT COST | 878 | 877 |
| FEDERAL NATIONAL MTG ASSN POOL MA5468 4.5% 09/01/54 | AT COST | 2,720 | 2,729 |
| FEDERAL NATIONAL MTG ASSN POOL MA5469 5% 09/01/54 | AT COST | 918 | 924 |
| FEDERAL NATIONAL MTG ASSN POOL MA5494 4% 10/01/54 | AT COST | 922 | 910 |
| FEDERAL NATIONAL MTG ASSN POOL MA5495 4.5% 10/01/54 | AT COST | 12,467 | 12,916 |
| FEDERAL NATIONAL MTG ASSN POOL MA5550 4% 120/01/54 | AT COST | 13,217 | 13,680 |
| FEDERAL NATIONAL MTG ASSN POOL MA5572 3.5% 11/01/54 | AT COST | 862 | 892 |
| FHLMC 30 YR GOLD QC5137 2.5% 08/01/51 | AT COST | 3,234 | 3,317 |
| FHLMC 30 YR GOLD QD8196 2% 03/01/52 | AT COST | 13,346 | 14,138 |
| FHLMC 30 YR GOLD QE5290 2.5% 04/01/52 | AT COST | 61,730 | 65,297 |
| FHLMC 30 YR GOLD QI1181 4.5% 03/01/54 | AT COST | 30,267 | 32,112 |
| FHLMC 30 YR GOLD SD4553 3% 09/01/53 | AT COST | 1,482 | 1,545 |
| FHLMC 30 YR GOLD SD5846 2% 08/01/52 | AT COST | 760 | 740 |
| FHLMC 30 YR GOLD SD6653 3.5% 08/01/53 | AT COST | 11,445 | 11,927 |
| FHLMC 30 YR GOLD SD8193 2% 02/01/52 | AT COST | 668 | 651 |
| FHLMC 30 YR GOLD SD8225 3% 07/01/52 | AT COST | 32,047 | 33,132 |
| FHLMC 30 YR GOLD SD8336 3.5% 08/01/53 | AT COST | 802 | 798 |
| FHLMC 30 YR GOLD SD8406 4% 01/01/54 | AT COST | 37,985 | 40,212 |
| FHLMC 30 YR GOLD SD8474 5% 11/01/54 | AT COST | 890 | 918 |
| FHLMC 30 YR GOLD SD8491 5% 12/01/54 | AT COST | 10,699 | 11,069 |
| FEDERAL NATIONAL MTG ASSN POOL FM8601 - 8/1/2051 | AT COST | 630 | 657 |
| FEDERAL NATIONAL MTG ASSN POOL BT7263 2.5% 09/01/51 | AT COST | 668 | 655 |
| FEDERAL NATIONAL MTG ASSN POOL FM9086 - 10/1/2051 | AT COST | 634 | 651 |
| FEDERAL NATIONAL MTG ASSN POOL CB2403 - 12/1/2051 | AT COST | 656 | 689 |
| FEDERAL NATIONAL MTG ASSN POOL CB2545 - 1/1/2052 | AT COST | 665 | 685 |
| FEDERAL NATIONAL MTG ASSN POOL BU0968 - 11/1/2051 | AT COST | 673 | 682 |
| FEDERAL NATIONAL MTG ASSN POOL CB3346 - 4/1/2052 | AT COST | 680 | 694 |
| FEDERAL NATIONAL MTG ASSN POOL CB2644 - 1/1/2052 | AT COST | 681 | 698 |
| FEDERAL NATIONAL MTG ASSN POOL FS1978 - 3/1/2052 | AT COST | 698 | 712 |
| FEDERAL NATIONAL MTG ASSN POOL MA4624 - 6/1/2052 | AT COST | 712 | 727 |
| FEDERAL NATIONAL MTG ASSN POOL MA4781 - 10/1/2052 | AT COST | 720 | 751 |
| FEDERAL NATIONAL MTG ASSN POOL CB4316 - 7/1/2052 | AT COST | 754 | 778 |
| FEDERAL NATIONAL MTG ASSN POOL MA5605 - 1/1/2055 | AT COST | 872 | 896 |
| FEDERAL NATIONAL MTG ASSN POOL MA5529 - 4.60% | AT COST | 898 | 920 |
| FEDERAL NATIONAL MTG ASSN POOL MA5643 - 2/1/2055 | AT COST | 879 | 914 |
| FEDERAL NATIONAL MTG ASSN POOL MA5612 - 2/1/2055 | AT COST | 920 | 939 |
| FEDERAL NATIONAL MTG ASSN POOL BV2946 - 3/1/2052 | AT COST | 1,292 | 1,350 |
| FEDERAL NATIONAL MTG ASSN POOL MA5645 - 3/1/2055 | AT COST | 1,856 | 1,904 |
| FEDERAL NATIONAL MTG ASSN POOL FM4870 - 11/1/2050 | AT COST | 3,131 | 3,142 |
| FEDERAL NATIONAL MTG ASSN POOL FM9482 - 11/1/2051 | AT COST | 3,166 | 3,248 |
| FHLMC 30 YR GOLD SD8512 - 2/1/2055 | AT COST | 873 | 907 |
| FHLMC 30 YR GOLD SD8523 - 4/1/2055 | AT COST | 923 | 948 |
| FHLMC 30 YR GOLD SD8220 - 6/1/2052 | AT COST | 1,384 | 1,442 |
| FHLMC 30 YR GOLD SD8254 - 10/1/2052 | AT COST | 1,419 | 1,492 |
| FHLMC 30 YR GOLD QD9323 - 4/1/2052 | AT COST | 3,372 | 3,388 |
| FHLMC 30 YR GOLD SD8242 - 9/1/2052 | AT COST | 3,643 | 3,657 |
| FHLMC 30 YR GOLD SD8307 - 2/1/2053 | AT COST | 4,081 | 4,109 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 504 | 0 | 504 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO BASIS OF ASSETS | 46,273 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PIMCO | 4,001 | 4,001 | 0 | |
| MORGAN STANLEY | 4,783 | 4,783 | 0 | |
| GOLDMAN SACHS | 3,026 | 3,026 | 0 |