| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 9,800 | 9,800 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| A O SMITH, QTY 1898 | 126,545 | 126,931 |
| AGILENT TECHNOLOGIES INC, QTY 34 | 4,781 | 4,626 |
| AIA GROUP LTD SPON ADR, QTY 214 | 6,797 | 8,780 |
| AIR PRODUCTS & CHEMICALS INC, QTY 420 | 132,911 | 103,748 |
| AKAMAI TECHNOLOGIES INC, QTY48 | 3,719 | 4,188 |
| ALBANY INTL CORP CL A, QTY 112 | 6,201 | 5,678 |
| ALBEMARLE CORP, QTY39 | 3,775 | 5,516 |
| ALIBABA GROUP HOLDING LTD SPONS ADS REPSTG 8 ORD SHS, QTY 2 | 358 | 293 |
| ALLIANCE LAUNDRY HLDGS INC, QTY 400 | 10,027 | 8,140 |
| ALLIANZ SE ADR, QTY 355 | 5,881 | 16,330 |
| ALPHABET INC CL A, QTY 61 | 14,972 | 19,093 |
| ALPHABET INC CL C, QTY 53 | 13,076 | 16,631 |
| AMAZON.COM INC, QTY 101 | 22,529 | 23,313 |
| AMERICOLD REALTY TRUST * INC, QTY 173 | 2,361 | 2,225 |
| ANALOG DEVICES INC, QTY 580 | 75,835 | 157,296 |
| APPLIED MATERIALS INC, QTY 15 | 3,365 | 3,855 |
| ARMSTRONG WORLD INDUSTRIES INC, QTY 142 | 28,123 | 27,136 |
| ARROW ELECTRONICS INC, QTY 33 | 4,039 | 3,636 |
| ASSOC BRIT FOODS ADR, QTY 410 | 11,941 | 11,763 |
| AUTODESK INC, QTY 33 | 10,391 | 9,768 |
| BADGER METER INC, QTY 33 | 6,034 | 5,756 |
| BANCO SANTANDER S A ADR, QTY 1414 | 3,190 | 16,586 |
| BANK OF HAWAII CORP, QTY 227 | 14,988 | 15,520 |
| BIO RAD LABS INC CL A, QTY12 | 3,669 | 3,636 |
| BLOCK INC CL A, QTY 41 | 3,273 | 2,669 |
| BOEING COMPANY, QTY 84 | 18,769 | 18,238 |
| BOUYGUES SA ADR, QTY 1242 | 7,938 | 12,842 |
| BP PLC SPON ADR, QTY 274 | 7,960 | 9,516 |
| BRITISH AMERN TOBACCO PLC SPONS ADR 25P, QTY 216 | 7,977 | 12,230 |
| BROADRIDGE FINANCIAL SOLUTIONS INC, QTY 16 | 2,112 | 3,571 |
| BXP INC, QTY 58 | 4,362 | 3,914 |
| C H ROBINSON WORLDWIDE INC, QTY 26 | 3,968 | 4,180 |
| CAPGEMINI SE ADR, QTY 392 | 12,001 | 13,054 |
| CBRE GROUP INC CL A, QTY 51 | 7,845 | 8,200 |
| CENCORA INC, QTY 17 | 5,143 | 5,742 |
| CENTENE CORP DEL, QTY 71 | 2,704 | 2,922 |
| CHEESECAKE FACTORY INC, QTY 359 | 19,648 | 18,122 |
| CHEVRON CORP, QTY 893 | 116,895 | 136,102 |
| CHOICE HOTELS INTL INC, QTY 101 | 10,413 | 9,621 |
| CHUBB LTD, QTY 459 | 70,607 | 143,263 |
| CISCO SYSTEMS INC, QTY 1943 | 94,123 | 149,669 |
| CK HUTCHISON HOLDINGS LTD UNSPON ADR, QTY 1576 | 11,681 | 10,701 |
| CLOROX COMPANY, QTY 843 | 117,079 | 85,000 |
| COLGATE-PALMOLIVE COMPANY, QTY 1393 | 112,978 | 110,075 |
| CONSTRUCTION PARTNERS INC CL A, QTY 225 | 27,848 | 24,424 |
| COTERRA ENERGY INC, QTY 147 | 3,476 | 3,869 |
| CSW INDUSTRIALS INC, QTY 53 | 13,206 | 15,557 |
| CSX CORP, QTY 124 | 4,464 | 4,495 |
| CUMMINS INC, QTY 14 | 6,074 | 7,146 |
| DARDEN RESTAURANTS INC, QTY 27 | 5,288 | 4,969 |
| DEERE & CO, QTY 8 | 3,681 | 3,725 |
| DEUTSCHE POST AG SPON ADR, QTY 291 | 12,248 | 15,915 |
| DIAGEO PLC SPON ADR, QTY 996 | 131,290 | 85,925 |
| DOVER CORP, QTY 27 | 4,498 | 5,271 |
| DOW INC, QTY 3288 | 150,216 | 76,873 |
| DR HORTON INC, QT Y31 | 5,404 | 4,465 |
| EAST WEST BANCORP INC, QT Y41 | 4,396 | 4,608 |
| EASTMAN CHEMICAL CO, QTY 40 | 2,558 | 2,553 |
| EMCOR GROUP INC, QTY 7 | 4,354 | 4,283 |
| ENEL SOCIETA PER AZIONI ADR, QTY 1331 | 5,678 | 13,816 |
| ENTEGRIS INC, QTY 66 | 6,660 | 5,561 |
| ENTERGY CORP, QTY 1584 | 86,138 | 146,409 |
| EVERTEC INC, QTY 406 | 13,120 | 11,811 |
| EXPEDITORS INTL WASH INC, QTY 33 | 4,004 | 4,917 |
| F&G ANNUITIES & LIFE INC, QTY 132 | 4,072 | 4,072 |
| FACTSET RESEARCH SYSTEMS INC, QTY 9 | 2,493 | 2,612 |
| FIDELITY NATIONAL FINANCIAL INC FNF GROUP COM, QTY 2210 | 81,510 | 120,644 |
| FIRST FINANCIAL BANKSHARES INC, QTY 383 | 13,011 | 11,440 |
| FUJIFILM HOLDINGS CORP ADR, QTY 1146 | 8,966 | 12,113 |
| FUJITSU LTD ADR 5, QTY 456 | 6,011 | 12,431 |
| FULLER H B CO, QTY 247 | 14,699 | 14,687 |
| GATX CORP, QTY 27 | 4,759 | 4,579 |
| GENERAL DYNAMICS CORP, QTY 13 | 4,499 | 4,377 |
| GETTY REALTY CORP, QTY 421 | 11,249 | 11,523 |
| GILEAD SCIENCES INC, QTY 1299 | 99,773 | 159,439 |
| GLOBAL PAYMENTS INC, QTY 38 | 3,322 | 2,941 |
| GSK PLC SPON ADR, QTY 316 | 11,251 | 15,497 |
| HELMERICH & PAYNE INC, QTY 65 | 1,533 | 1,864 |
| HEXCEL CORP, QTY 78 | 5,096 | 5,764 |
| HILLMAN SOLUTIONS CORP, QTY 1694 | 15,424 | 14,670 |
| HITACHI LTD ADR 10 COM, QTY 85 | 810 | 2,652 |
| HOME DEPOT INC, QTY 330 | 98,788 | 113,553 |
| HONDA MOTOR LTD ADR REPSTG 3 ORD, QTY 231 | 6,025 | 6,810 |
| HONEYWELL INTL INC, QTY 502 | 99,064 | 97,935 |
| HOULIHAN LOKEY INC CL A, QTY 136 | 27,339 | 23,690 |
| HOULIHAN LOKEY INC CL A, QTY25 | 5,016 | 4,355 |
| ILLUMINA INC, QTY 24 | 2,341 | 3,148 |
| INTERCONTINENTAL EXCHANGE INC, QTY 30 | 4,795 | 4,859 |
| INTUITIVE SURGICAL INC, QTY 10 | 4,456 | 5,664 |
| IQVIA HOLDINGS INC, QTY 31 | 6,372 | 6,988 |
| JACK HENRY & ASSOCIATES INC, QTY 43 | 6,356 | 7,847 |
| JBT MAREL CORP, QTY 134 | 15,834 | 20,190 |
| KDDI CORP ADR, QTY 851 | 13,768 | 14,714 |
| KERING S A ADR, QTY 161 | 5,974 | 5,662 |
| KEYSIGHT TECHNOLOGIES INC, QTY 32 | 5,572 | 6,502 |
| KINDER MORGAN INC DE, QTY 5361 | 100,766 | 147,374 |
| KOMATSU LTD SPON ADR, QTY 153 | 5,025 | 4,858 |
| KONINKLIJKE PHILIPS N V SPON ADR, QTY 414 | 6,133 | 11,211 |
| LABCORP HOLDINGS INC, QTY 18 | 4,969 | 4,516 |
| LANDSTAR SYSTEM INC, QTY 83 | 10,158 | 11,927 |
| LLOYDS BANKING GROUP PLC SPONSORED ADR, QTY 3092 | 7,080 | 16,388 |
| LOCKHEED MARTIN CORP, QTY 238 | 88,037 | 115,113 |
| MASCO CORP, QTY 89 | 6,198 | 5,648 |
| META PLATFORMS INC CL A, QTY 41 | 29,294 | 27,064 |
| MICROSOFT CORP, QTY 35 | 18,358 | 16,927 |
| MITSUBISHI ELEC CORP ADR, QTY 161 | 4,131 | 9,338 |
| MONDELEZ INTERNATIONAL INC CL A, QTY 2293 | 141,547 | 123,432 |
| MONDI PLC ADR, QTY 158 | 8,521 | 3,903 |
| MONSTER BEVERAGE CORP, QTY 145 | 9,877 | 11,117 |
| MURPHY OIL CORP, QTY 54 | 1,683 | 1,688 |
| NATIONAL BEVERAGE CORP, QTY 263 | 9,809 | 8,387 |
| NESTLE S A SPON ADR REPSTG REG SHS, QTY 151 | 13,378 | 14,916 |
| NETFLIX INC, QTY 220 | 26,563 | 20,627 |
| NIKE INC CL B, QTY 41 | 2,835 | 2,612 |
| NORTHERN TRUST CORP, QTY 1109 | 84,571 | 151,478 |
| NOVARTIS AG SPON ADR, QTY 33 | 4,373 | 4,550 |
| NOVO NORDISK AS ADR, QTY 94 | 5,615 | 4,783 |
| NVIDIA CORP, QTY 237 | 44,705 | 44,201 |
| ORACLE CORP, QTY 96 | 27,613 | 18,711 |
| PACKAGING CORP OF AMERICA, QTY 19 | 4,063 | 3,918 |
| PAYCHEX INC, QTY 955 | 78,558 | 107,132 |
| PAYPAL HOLDINGS INC, QTY 37 | 2,780 | 2,160 |
| PERNOD RICARD S A SPON ADR, QTY 696 | 14,657 | 11,936 |
| PRESTIGE CONSUMER HEALTHCARE INC, QTY 249 | 15,850 | 15,361 |
| PRIMERICA INC, QTY 74 | 20,726 | 19,119 |
| PROGRESSIVE CORP OH, QTY 545 | 29,754 | 124,107 |
| PROGRESSIVE CORP OH, QTY 15 | 3,642 | 3,416 |
| QIAGEN NV OLDCHG PAR $0.001, QTY 111 | 5,196 | 4,992 |
| QUALCOMM INC, QTY 27 | 4,490 | 4,618 |
| R L I CORP, QTY 173 | 12,377 | 11,069 |
| RAYMOND JAMES FINANCIAL INC, QTY 34 | 4,125 | 5,460 |
| RBC BEARINGS INC, QTY 52 | 11,068 | 23,318 |
| REGENERON PHARMACEUTICALS INC, QTY 11 | 6,429 | 8,491 |
| REINSURANCE GROUP AMERICA INC, QTY 30 | 5,967 | 6,104 |
| RENAISSANCERE HOLDINGS LIMITED, QTY 19 | 5,047 | 5,342 |
| REPUBLIC SERVICES INC, QTY 28 | 6,280 | 5,934 |
| ROCHE HOLDING LIMITED SPONSORED ADR, QTY 245 | 9,160 | 12,635 |
| ROCHE HOLDING LIMITED SPONSORED ADR, QTY 75 | 3,417 | 3,868 |
| ROSS STORES INC, QTY 30 | 4,576 | 5,404 |
| SALESFORCE INC, QTY 33 | 7,911 | 8,742 |
| SANOFI SPON ADR, QTY 275 | 12,047 | 13,327 |
| SBA COMMUNICATIONS CORP CL A, QTY 16 | 3,038 | 3,095 |
| SCOTTS MIRACLE-GRO CO, QTY 78 | 4,478 | 4,551 |
| SECOM LTD ADR, QTY 683 | 5,707 | 6,045 |
| SEI INVESTMENTS CO, QTY 50 | 4,228 | 4,101 |
| SENSATA TECHNOLOGIES HOLDING PLC, QTY 104 | 3,244 | 3,462 |
| SHELL PLC SPONSORED ADR REPSTG ORD SHS, QTY 146 | 4,856 | 10,728 |
| SHIN ETSU CHEMICAL CO LTD UNSPON ADR, QTY 142 | 2,112 | 2,201 |
| SHOPIFY INC CL A, QTY 78 | 12,967 | 12,556 |
| SITEONE LANDSCAPE SUPPLY INC, QTY 90 | 11,304 | 11,210 |
| SKYWORKS SOLUTIONS INC, QTY 63 | 4,789 | 3,995 |
| SLB LTD, QTY 59 | 2,041 | 2,264 |
| SNAM S P A ADR, QTY 1155 | 11,994 | 15,303 |
| SNAP ON INC, QTY 405 | 70,280 | 139,563 |
| SNAP ON INC, QTY 16 | 5,544 | 5,514 |
| SONY GROUP CORP ADR, QTY 503 | 6,779 | 12,877 |
| SOUTHERN COMPANY, QTY 1443 | 89,650 | 125,830 |
| SSE PLC SPON ADR, QTY 542 | 9,247 | 16,070 |
| STARBUCKS CORP, QTY 56 | 4,489 | 4,716 |
| STIFEL FINANCIAL CORP, QTY 48 | 5,434 | 6,011 |
| STOCK YARDS BANCORP INC, QTY 187 | 13,173 | 12,146 |
| SYNOPSYS INC, QTY 12 | 5,727 | 5,637 |
| SYSCO CORP, QTY 46 | 3,752 | 3,390 |
| TESLA INC, QTY 72 | 31,298 | 32,380 |
| THERMO FISHER SCIENTIFIC INC, QTY 9 | 4,879 | 5,215 |
| THOR INDUSTRIES INC, QTY 140 | 14,832 | 14,374 |
| TJX COS INC, QTY 28 | 3,972 | 4,301 |
| TOYOTA INDUSTRIES CORP ADR, QTY 95 | 5,207 | 10,762 |
| TWILIO INC CL A, QTY 41 | 5,123 | 5,832 |
| U S BANCORP DE, QTY 2768 | 115,731 | 147,700 |
| ULTA BEAUTY INC, QTY 11 | 6,111 | 6,655 |
| UNIFIRST CORP, QTY 70 | 11,921 | 13,503 |
| UNITED OVERSEAS BK LTD SPONS ADR, QTY 263 | 8,698 | 14,318 |
| UPM KYMMENE CORP UNSPON ADR, QTY 213 | 6,080 | 6,162 |
| VERTEX PHARMACEUTICALS INC, QTY 23 | 9,479 | 10,427 |
| VERTIV HOLDINGS LLC CL A, QTY 21 | 3,402 | 3,402 |
| VINCI S A ADR, QTY 357 | 10,690 | 12,566 |
| VISA INC CL A, QTY 54 | 19,155 | 18,938 |
| WALT DISNEY CO, QTY 83 | 9,364 | 9,443 |
| WATSCO INC CL A, QTY 49 | 20,457 | 16,511 |
| WD 40 CO, QTY 57 | 10,931 | 11,223 |
| WEC ENERGY GROUP INC, QTY 992 | 78,675 | 104,616 |
| WEC ENERGY GROUP INC, QTY 45 | 5,144 | 4,746 |
| WINTRUST FINANCIAL CORP, QTY 34 | 4,528 | 4,754 |
| WOODWARD INC, QTY 28 | 7,262 | 8,465 |
| WORKDAY INC CL A, QTY 11 | 2,585 | 2,363 |
| WPP PLC ADR, QTY 202 | 10,209 | 4,537 |
| YUM BRANDS INC, QTY 23 | 3,358 | 3,479 |
| YUM CHINA HOLDINGS INC, QTY 20 | 834 | 955 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLUEROCK PRIVATE REAL ESTATE FUND, QTY 9004 | AT COST | 201,820 | 135,060 |
| DIAMOND HILL SHORT DURATION SECURITIZED BOND CL I, QTY 40263.722 | AT COST | 408,000 | 402,235 |
| DODGE & COX INCOME CL I, QTY 71816.770 | AT COST | 925,000 | 922,845 |
| GRANT PARK MULTI ALTERNATIVE STRATEGIES CL I, QTY 25597.270 | AT COST | 300,000 | 291,809 |
| LORD ABBETT SHORT DURATION INCOME CL I, QTY 103741.397 | AT COST | 423,000 | 403,554 |
| OSTERWEIS STRATEGIC INCOME, QTY 41223.404 | AT COST | 465,000 | 462,114 |
| VANGUARD CASH RESERVES FEDL MONEY MARKET ADMIRAL CL, QTY 277099.620 | AT COST | 277,100 | 277,100 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 180 | 180 | 0 |
| Description | Amount |
|---|---|
| STOCK BASIS ADJUSTMENT | 4,259 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 95,117 | 95,117 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 1,715 | 1,715 | 0 | |
| EXCISE TAX | 9,215 | 9,215 | 0 |