| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,090 | 2,662 | 428 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AEGON FUNDING COMPANY - 340 | 6,909 | 6,688 |
| AGNC INVESTMENT CORP - 543 SHS | 11,978 | 13,325 |
| ALLSTATE CORP SUB DEBENTURE- 427 SHS | 10,906 | 11,051 |
| ANNALY CAPITAL MGMT INIC FXD RT RESET JR SUB - 666 SHS | 16,814 | 16,956 |
| APOLLO GLOBAL MGMT INC FXD RE RESET JR SUB - 210 SHS | 5,450 | 5,531 |
| ASSOCIATED BANC CORP SUB NOTE - 297 SHS | 6,369 | 7,380 |
| AT&T INC GLBL NOTE 5.35% - 473 SHS | 11,362 | 10,534 |
| ATHENE HOLDING TLD DEP SHS REP - 512 SHS | 11,857 | 12,595 |
| AXIS CAPITAL HOLDINGS LTD DEP SHS REPSTG - 818 SHS | 17,026 | 16,311 |
| BRIGHTHOUSE FINL INC REPSTG - 322 SHS | 7,041 | 4,988 |
| CAPITAL ONE FNL CORP DEP SHS REPSTG - 260 SHS | 5,082 | 4,943 |
| CITIGROUP CAPITAL XIII - 661 SHS | 19,175 | 19,962 |
| CITIZENS FINL GROUP INC DEP SHS REPSTG - 187 SHS | 4,705 | 4,927 |
| CMS ENERGY CORP JR SUB NOTE - 352 SHS | 8,270 | 8,149 |
| FIFTH THIRD BANCORP PERPTL PFD SER I - 474 SHS | 11,884 | 12,130 |
| FLAGSTAR FINANCIAL FXD/FAR PERPTL PFD 6.375 - 162 SHS | 3,761 | 3,661 |
| FORD MOTOR COMPANY PFD 6% - 616 SHS | 13,791 | 12,702 |
| JPMORGAN CHASE & CO DEP SHS REPSTG - 285 SHS | 6,831 | 7,102 |
| KEYCORP NEW DEP SHS - 224 SHS | 4,541 | 5,685 |
| KIMCO REALTY CORP CUML REDEEM PFD 5.25% - 172 SHS | 3,832 | 3,552 |
| LINCOLN NATIONAL CORP CYNK OFD SER D - 147 SHS | 3,943 | 3,944 |
| M&T BANK CORP PERPETL NON CUML PFD SER H - 490 SHS | 11,761 | 12,069 |
| MORGAN STANLEY CUML SER Q PFD - 314 SHS | 8,395 | 8,205 |
| MORGAN STANLEY FD SER P PERPETUAL - 378 SHS | 9,758 | 9,628 |
| NATIONAL RURAL UTILITIES COO FIN CORP SUB DEFER INT NOTE 5.5% - 517 SHS | 12,132 | 12,232 |
| NAVIENT CORP SR NOTE 6% - 780 SHS | 14,204 | 15,865 |
| NEXTERA ENERGY CAPITAL HOLDINIGS JR SUB DEB SER N - 220 SHS | 5,263 | 5,238 |
| REGIONS FINANCIAL CORP PERPTL PFD F - 262 SHS | 6,765 | 6,657 |
| REINSURANCE GROUP AMERICA SUB DEB 5.75% - 365 SHS | 9,151 | 9,059 |
| SEMPRA JR SUB NOTE 2079 - 716 SHS | 17,070 | 15,831 |
| SOUTHERN COMPANY SER 2020C JR SUB NOTE - 346 SHS | 6,650 | 6,138 |
| SYNOVUS FINANCIAL CORP SER E PFD - 187 SHS | 4,436 | 4,834 |
| TRUIST FINANCIAL CORP SER O PFD 5.25% - 370 SHS | 8,105 | 7,973 |
| UNUM GROUP JR SUB NOTE 6.25% - 343 SHS | 8,019 | 7,930 |
| US BANCORP PFD SER B VAR PERPTL - 289 SHS | 5,780 | 5,159 |
| VALLEY NATIONAL BANCORP SER B PFD 5.5% - 93 SHS | 2,074 | 2,365 |
| BANK NY MELLON CORP PFD SER K FXD/VAR - 147 SHS | 3,743 | 3,771 |
| BANK OF AMERICAL COPR NONCUML PFD SER LL 5% - 365 SHS | 7,867 | 7,577 |
| JPMORGAN CHASE & CO SER MM PERPTL PFD 4.2$ - 238 SHS | 4,456 | 4,348 |
| SOUTHERN COMPANY SER A JR SUB NOT 6.5% | 3,622 | 3,581 |
| SYNCHRONY FINL DEP SHS SER B PERPTUAL PFD 8.25% | 5,216 | 5,258 |
| T-MOBILE USA INC SR NOTE - 529 SHS | 11,766 | 12,252 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABORATORIES - 93 SHS | 10,817 | 11,527 |
| ABBVIE, INC - 63 SHS | 11,599 | 14,395 |
| ADP INC - 8 SHS | 1,996 | 2,058 |
| AIR PRODUCTS & CHEMICALS - 10 SHS | 2,164 | 2,470 |
| ALLSTATE CORP - 16 SHS | 1,823 | 3,330 |
| ALPHABET INC CLASS C - 42 SHS | 3,960 | 13,180 |
| AMERICAN TOWER - 10 SHS | 2,001 | 1,756 |
| ANALOG DEVICES, INC - 10 SHS | 1,379 | 2,712 |
| APPLE - 14 SHS | 778 | 3,806 |
| APPLE INC - 153 SHS | 11,452 | 41,595 |
| BANK OF AMERICA - 81 SHS | 2,409 | 4,455 |
| BEST BUY COMPANY INC - 21 SHS | 1,840 | 1,406 |
| BLACKROCK - 4 SHS | 1,731 | 4,281 |
| BRISTOL MYERS SQUIBB CO - 39 SHS | 1,915 | 2,104 |
| BROADCOM INC - 13 SHS | 663 | 4,499 |
| CATERPILLAR - 8 SHS | 1,111 | 4,583 |
| CHEVRON CORP - 14 SHS | 999 | 2,134 |
| CISCO SYSTEMS INC - 36 SHS | 1,011 | 2,773 |
| CITIGROUP, INC. 39 SHS | 2,707 | 4,551 |
| CME GROUP INC - 11 SHS | 2,150 | 3,004 |
| COCA-COLA COMPANY - 28 SHS | 1,346 | 1,957 |
| COMCAST - 48 SHS | 2,176 | 1,435 |
| DEERE & CO - 22 SHS | 8,187 | 10,243 |
| DUKE ENERGY CORP NEW 27 SHS | 1,253 | 3,165 |
| DUPONT DE NEMOURS INC - 76 SHS | 3,461 | 3,055 |
| EATON CORP PLC 10 SHS | 761 | 3,185 |
| EMERSON ELECTRIC CO - 30 SHS | 1,951 | 3,982 |
| EXPAND ENERGY CORP - 29 SHS | 1,962 | 3,200 |
| EXXON MOBILE - 23 SHS | 1,988 | 2,768 |
| GOLDMAN SACHS - 5 SHS | 1,669 | 4,395 |
| HOME DEPOT INC - 8 SHS | 1,981 | 2,753 |
| HONEYWELL INTL - 10 SHS | 1,858 | 1,951 |
| IBM CORP - 12 SHS | 2,014 | 3,554 |
| JOHNSON & JOHNSON 14 SHS | 923 | 2,897 |
| JPMORGAN CHASE & CO - 13 SHS | 836 | 4,189 |
| JPMORGAN CHASE & CO 33 SHS | 3,892 | 10,633 |
| KINDER MORGAN INC - 121 SHS | 1,998 | 3,326 |
| MCDONALD CORP - 11 SHS | 2,691 | 3,362 |
| MEDTRONIC - 31 SHS | 3,254 | 2,978 |
| METLIFE - 40 SHS | 1,963 | 3,158 |
| MICROSOFT CORP - 7 SHS | 181 | 3,385 |
| MICROSOFT CORP 87 SHS | 20,499 | 42,075 |
| MORGAN STANLEY - 22 SHS | 1,921 | 3,906 |
| NEXTERA ENERGY JR SUB DEB SER U - 148 SHS | 3,690 | 3,747 |
| NEXTERA ENERGY - 42 SHS | 2,322 | 3,372 |
| PEPSICO INC - 14 SHS | 973 | 2,009 |
| PFIZER - 66 SHS | 3,098 | 1,643 |
| PROCTER & GAMBLE CO - 14 SHS | 838 | 2,006 |
| PROLOGIS - 22 SHS | 2,646 | 2,809 |
| SLB LTD (SCHLUMBERGER LTD) - 34 SHS | 1,585 | 1,305 |
| SIMON PROPERTY - 14 SHS | 2,215 | 2,592 |
| SYSCO CORP - 24 SHS | 1,347 | 1,769 |
| TARGET - 25 SHS | 3,392 | 2,444 |
| TEXAS INSTRUMENTS - 15 SHS | 2,316 | 2,602 |
| UNITED PARCEL SERVICE - 20 SHS | 3,131 | 1,984 |
| UNITEDHEALTH GROUP - 6 SHS | 2,876 | 1,981 |
| VERISON COMMUNICATIONS INC - 59 SHS | 2,948 | 2,403 |
| VISA INC - 22 SHS | 3,833 | 7,716 |
| WAL-MART STORES INC - 88 SHS | 4,599 | 9,804 |
| WAL-MART STORES INC 35 SHS | 960 | 3,899 |
| 3M COMPANY - 88 SHS | 14,816 | 14,089 |
| ACCENTURE PLC IRELAND - 8 SHS | 1,912 | 2,146 |
| PNC FINANCIAL SERVICES GROUP INC - 15 SHS | 3,056 | 3,131 |
| ALPHEBET INC CL A - 63 SHS | 19,535 | 19,719 |
| ALTRIA GROUP INC. - 103 SHS | 6,042 | 5,939 |
| AMAZON.COM INC - 135 SHS | 30,633 | 31,161 |
| AMEREN CORP - 111 SHS | 10,818 | 11,084 |
| AT&T INC - 534 SHS | 13,102 | 13,265 |
| BOSTON SCIENTIFIC CORP - 77 SHS | 7,067 | 7,342 |
| BRISTOL MYERS SQUIBB CO - 139 SHS | 9,803 | 10,087 |
| BROADCOM INC - 64 SHS | 23,293 | 22,150 |
| CH ROBINSON WORLDWIDE INC - 67 SHS | 10,566 | 10,771 |
| CAPITAL ONE FINANCIAL CORP - 33 SHS | 7,851 | 7,998 |
| CARDINAL HEALTH INC - 76 SHS | 15,057 | 15,618 |
| CISCO SYSTEMS INC - 98 SHS | 7,677 | 7,549 |
| CITIZENS FINANCIAL GROUP INC - 298 SHS | 17,360 | 17,406 |
| ENTERG CORP - 77 SHS | 7,099 | 7,117 |
| F5 INC - 33 SHS | 8,705 | 8,424 |
| FORTINET INC - 54 SHS | 4,432 | 4,288 |
| FOX CORP - 155 SHS | 11,127 | 11,326 |
| GE VERNOVA LLC - 21 SHS | 14,371 | 13,725 |
| GILEAD SCIENCES INC - 123 SHS | 14,924 | 15,097 |
| IBM CORP - 34 SHS | 10,462 | 10,071 |
| INTUITIVE SURGICAL INC - 11 SHS | 5,953 | 6,230 |
| INVESCO LTD - 614 SHS | 16,324 | 16,130 |
| JOHNSON CONTROLS INTL - 66 SHS | 7,597 | 7,903 |
| KLA CORP - 11 SHS | 13,289 | 13,366 |
| MASTERCARD INC. - 22 SHS | 12,590 | 12,559 |
| META PLATFORMS INC. - 11 SHS | 7,126 | 7,261 |
| MOLSON COORS BEVERAGE COMPANY - 102 SHS | 4,825 | 4,761 |
| MORGAN STANLEY - 110 SHS | 19,689 | 19,528 |
| NETFLEX - 109 SHS | 10,396 | 10,220 |
| NVIDA CORP - 297 SHS | 52,684 | 55,390 |
| OLD DOMINION FREIGHT LINE INC - 54 SHS | 8,609 | 8,467 |
| ORACLE CORP - 66 SHS | 12,750 | 12,864 |
| PHILIP MORRIS INTL, INC - 57 SHS | 8,702 | 9,143 |
| REGENCY CENTERS CORP - 248 SHS | 16,831 | 17,119 |
| TAKE-TWO INTERACTIVE SOFTWARE INC | 8,722 | 9,217 |
| TESLA INC - 42 SHS | 19,107 | 18,888 |
| TEXAS PACIFIC LAND CORP - 33 SHS | 9,409 | 9,478 |
| VERISON INC - 22 SHS | 5,343 | 5,345 |
| WELLTOWER INC - 55 SHS | 10,253 | 10,209 |
| WILLIAMS CO'S INC - 101 SHS | 6,073 | 6,071 |
| NIKI INC | 2,021 | 1,784 |
| STARBUCKS CORP - 23 SHS | 1,947 | 1,937 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PGIM HIGH YIELD CL C - 20,989.182 SHS | AT COST | 112,577 | 101,588 |
| PIMCO INCOME CL A - 14,610.109 SHS | AT COST | 170,457 | 160,565 |
| PIMCO PREFERRED & CAP SERVICES CL C - 55,575.961 SHS | AT COST | 58,639 | 53,585 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 600 | 0 | 600 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| STUDENT LOAN RECEIVABLE | 525,641 | 478,176 | 478,176 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 130 | 0 | 130 | |
| BACKGROUND CHECK | 29 | 1 | 28 | |
| BANK CHARGES | 200 | 0 | 200 | |
| INSURANCE | 1,083 | 0 | 1,083 | |
| INVESTMENT MANAGEMENT FEES | 15,194 | 15,194 | 0 | |
| OFFICE EXPENSE | 3,117 | 0 | 3,117 | |
| SAFE DEPOSIT BOX | 21 | 0 | 21 | |
| STATE FILING FEE | 200 | 0 | 200 | |
| TELEPHONE & COMMUNICATIONS | 3,101 | 0 | 3,101 | |
| CONTRACT LABOR | 5,125 | 256 | 4,869 | |
| BOND | 500 | 0 | 500 | |
| COURT COST | 52 | 0 | 52 | |
| POSTAGE | 1,114 | 0 | 1,114 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| STUDENT LOAN INTEREST | 13,692 | 13,692 | 13,692 |
| OTHER INCOME | 672 | 672 | 672 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 2,080 | 104 | 1,976 | |
| EXCISE TAX | 1,000 | 0 | 0 |