TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
THE PHELPS FOUNDATION TRUST

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1532
Room/suite

City or town
PENNINGTON

State or province
NJ

Country

ZIP or foreign postal code
085340691

A Employer identification number

59-6974405

B Telephone number (see instructions)

8888663275

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$1,519,962J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	24,534		24,534
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		129,612
b	Gross sales price for all assets on line 6a 649,287
7	Capital gain net income (from Part IV, line 2)...			129,612
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	154,146		154,146
13	Compensation of officers, directors, trustees, etc.	21,116		12,670		8,447
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	7,050	51		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	596	596
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,762		13,317	0	8,447
25	Contributions, gifts, grants paid.......	46,821				46,821
26	Total expenses and disbursements. Add lines 24 and 25 ................	75,583		13,317	0	55,268
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	78,563
b	Net investment income (if negative, enter -0-)			140,829
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,546	63	63
	2	Savings and temporary cash investments.........	125,103	41,528	41,528
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	146,986	List of Attached Documents: // Content 266,694	276,012
	b	Investments—corporate stock (attach schedule).......	376,795	List of Attached Documents: // Content 820,303	1,115,398
	c	Investments—corporate bonds (attach schedule).......	79,232	List of Attached Documents: // Content 83,390	84,681
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	404,216	List of Attached Documents: // Content 2,280	2,280
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,134,878	1,214,258	1,519,962
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,134,878	1,214,258
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,134,878	1,214,258
	30	Total liabilities and net assets/fund balances (see instructions).	1,134,878	1,214,258

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,134,878

Enter amount from Part I, line 27a .....................

78,563

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

1,059

Add lines 1, 2, and 3 ..........................

1,214,500

Decreases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

242

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

1,214,258

Form 990-PF (2025)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	5. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-05-20	2025-01-08
b	4. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-06-16	2025-01-08
c	6. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-06-29	2025-01-08
d	21. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2022-11-07	2025-01-08
e	22. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2023-03-29	2025-01-08
	74. COMCAST CORP NEW CL A COM	2012-10-04	2025-01-08
	7. COMCAST CORP NEW CL A COM	2022-09-07	2025-01-08
	9. CORTEVA INC REG SHS	2019-07-17	2025-01-08
	40. CORTEVA INC REG SHS	2019-10-14	2025-01-08
	7. CROWN CASTLE INC SHS	2024-04-25	2025-01-08
	16. CROWN CASTLE INC SHS	2024-05-10	2025-01-08
	3. CROWN CASTLE INC SHS	2024-05-13	2025-01-08
	10. DISCOVER FINL SVCS	2024-07-23	2025-01-08
	4. DISCOVER FINL SVCS	2024-07-24	2025-01-08
	5. ELECTRONIC ARTS	2024-02-28	2025-01-08
	17. ELECTRONIC ARTS	2024-05-01	2025-01-08
	5. FORTIVE CORP SHS	2020-04-08	2025-01-08
	39. FORTIVE CORP SHS	2024-01-02	2025-01-08
	34. J P MORGAN CHASE & CO COM	2012-06-13	2025-01-08
	27. MARVELL TECH INC	2024-05-01	2025-01-08
	33. MICRON TECHNOLOGY INC	2023-11-03	2025-01-08
	26. OTIS WORLDWIDE CORP REG SH	2020-04-24	2025-01-08
	8. RTX CORP CORP	2024-01-16	2025-01-08
	24. RTX CORP CORP	2024-02-02	2025-01-08
	19. SANOFI SPONSORED ADR	2020-04-28	2025-01-08
	21. SANOFI SPONSORED ADR	2020-05-29	2025-01-08
	27. SKECHERS U S A INC CL A	2023-09-26	2025-01-08
	2. SKECHERS U S A INC CL A	2023-04-27	2025-01-08
	6. SONY GROUP CORP	2023-03-30	2025-01-08
	50. SONY GROUP CORP	2023-04-12	2025-01-08
	15. SONY GROUP CORP	2023-04-13	2025-01-08
	11. SONY GROUP CORP	2023-08-16	2025-01-08
	2. THERMO ELECTRON CORP	2024-03-01	2025-01-08
	12. UBER TECHNOLOGIES INC	2024-08-29	2025-01-08
	21. UBER TECHNOLOGIES INC	2024-09-06	2025-01-08
	7. DISCOVER FINL SVCS	2024-08-29	2025-01-10
	7. DISCOVER FINL SVCS	2024-07-24	2025-01-10
	14. SANOFI SPONSORED ADR	2020-05-29	2025-01-10
	10. SKECHERS U S A INC CL A	2023-09-26	2025-01-10
	3. SKECHERS U S A INC CL A	2023-09-27	2025-01-10
	27. SONY GROUP CORP	2023-11-27	2025-01-10
	30. SONY GROUP CORP	2023-11-24	2025-01-10
	89. SONY GROUP CORP	2023-08-16	2025-01-10
	35. SONY GROUP CORP	2023-08-17	2025-01-10
	10. SONY GROUP CORP	2023-11-22	2025-01-10
	11. DISCOVER FINL SVCS	2024-08-29	2025-01-13
	14. ELECTRONIC ARTS	2024-05-01	2025-01-27
	16. ELECTRONIC ARTS	2024-08-29	2025-01-27
	3. ZEBRA TECHNOLOGIES CORP CL A	2023-09-26	2025-01-27
	1. ZEBRA TECHNOLOGIES CORP CL A	2023-09-27	2025-01-28
	1. ZEBRA TECHNOLOGIES CORP CL A	2023-11-22	2025-01-28
	3. ZEBRA TECHNOLOGIES CORP CL A	2023-09-26	2025-01-28
	2000. CAPITAL ONE FINANCIAL CO GLB	2024-12-19	2025-02-06
	2000. HP ENTERPRISE CO GLB	2024-12-19	2025-02-07
	16. ALPHABET INC SHS CL C	2012-06-26	2025-02-10
	2. ALPHABET INC SHS CL C	2012-08-28	2025-02-10
	20. APPLE INC COM	2012-06-26	2025-02-10
	5. APPLE INC COM	2016-07-13	2025-02-10
	16. ASTERA LABS INC REG SHS	2024-12-19	2025-02-10
	22. ASTERA LABS INC REG SHS	2025-01-08	2025-02-10
	7. ASTERA LABS INC REG SHS	2024-12-18	2025-02-10
	13. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2023-03-29	2025-02-10
	15. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2023-04-12	2025-02-10
	35. COMCAST CORP NEW CL A COM	2022-09-07	2025-02-10
	47. COMCAST CORP NEW CL A COM	2024-03-12	2025-02-10
	10. CORTEVA INC REG SHS	2019-10-14	2025-02-10
	18. CORTEVA INC REG SHS	2019-10-15	2025-02-10
	3. CROWN CASTLE INC SHS	2024-05-14	2025-02-10
	19. CROWN CASTLE INC SHS	2024-05-13	2025-02-10
	22. DUN AND BRADSTREET HLDGS INC	2024-07-18	2025-02-10
	9. DUN AND BRADSTREET HLDGS INC	2023-04-12	2025-02-10
	1. FID NATIONAL FINL INC FNF GROU	2023-03-16	2025-02-10
	7. FID NATIONAL FINL INC FNF GROU	2023-01-12	2025-02-10
	20. HONEYWELL INTERNATIONAL INC	2024-10-10	2025-02-10
	8. HONEYWELL INTERNATIONAL INC	2024-10-22	2025-02-10
	14. KKR & CO INC CL A	2024-12-19	2025-02-10
	11. KKR & CO INC CL A	2025-01-08	2025-02-10
	6. KKR & CO INC CL A	2024-12-18	2025-02-10
	10. NOVO-NORDISK A S ADR	2022-11-07	2025-02-10
	32. NOVO-NORDISK A S ADR	2019-01-11	2025-02-10
	4. NOVO-NORDISK A S ADR	2020-04-08	2025-02-10
	8. OTIS WORLDWIDE CORP REG SH	2020-04-24	2025-02-10
	9. OTIS WORLDWIDE CORP REG SH	2022-09-07	2025-02-10
	8. OTIS WORLDWIDE CORP REG SH	2022-09-08	2025-02-10
	3. REINSURNCE GROUP AMERICA	2022-05-10	2025-02-10
	4. REINSURNCE GROUP AMERICA	2022-05-11	2025-02-10
	3. REINSURNCE GROUP AMERICA	2022-05-12	2025-02-10
	31. SHELL PLC	2023-07-12	2025-02-10
	10. SHELL PLC	2023-07-20	2025-02-10
	14. SANOFI SPONSORED ADR	2021-05-17	2025-02-10
	30. SONY GROUP CORP	2023-11-27	2025-02-10
	3. THERMO ELECTRON CORP	2024-03-01	2025-02-10
	7. THERMO ELECTRON CORP	2024-03-04	2025-02-10
	2. THERMO ELECTRON CORP	2024-03-05	2025-02-10
	3. ZEBRA TECHNOLOGIES CORP CL A	2023-11-27	2025-02-10
	1. ZEBRA TECHNOLOGIES CORP CL A	2023-11-22	2025-02-10
	2. ZEBRA TECHNOLOGIES CORP CL A	2023-11-24	2025-02-10
	4. CORTEVA INC REG SHS	2019-10-15	2025-02-11
	38. CORTEVA INC REG SHS	2020-04-08	2025-02-11
	11. CROWN CASTLE INC SHS	2024-05-14	2025-02-11
	16. DUN AND BRADSTREET HLDGS INC	2023-04-13	2025-02-11
	17. DUN AND BRADSTREET HLDGS INC	2023-04-12	2025-02-11
	16. FID NATIONAL FINL INC FNF GROU	2023-03-16	2025-02-11
	7. OTIS WORLDWIDE CORP REG SH	2022-09-08	2025-02-11
	2. REINSURNCE GROUP AMERICA	2022-05-12	2025-02-11
	6. SHELL PLC	2023-07-20	2025-02-11
	7. SANOFI SPONSORED ADR	2021-05-17	2025-02-11
	13. SONY GROUP CORP	2023-11-27	2025-02-11
	48. SONY GROUP CORP	2023-12-13	2025-02-11
	26. DUN AND BRADSTREET HLDGS INC	2023-04-13	2025-02-12
	17. FID NATIONAL FINL INC FNF GROU	2023-03-16	2025-02-12
	2000. HOME DEPOT INC GLB	2024-12-19	2025-02-12
	37. SONY GROUP CORP	2023-12-13	2025-02-12
	25. DUN AND BRADSTREET HLDGS INC	2023-04-13	2025-02-13
	20. DUN AND BRADSTREET HLDGS INC	2023-04-14	2025-02-13
	17. FID NATIONAL FINL INC FNF GROU	2023-03-16	2025-02-13
	7000. JPMORGAN CHASE & CO CLD GLB	2024-12-19	2025-02-24
	69.78 FHLMC SD 8219 02 50%2052		2025-02-25
	103.15 FHLMC SD 8469 05 50%2054		2025-02-25
	60.14 FHLMC SD 3984 02%2051		2025-02-25
	151.46 FNMA PMA4599 03%2052		2025-02-25
	76.07 FNMA PMA5635 03 50%2055		2025-02-25
	15. ROSS STORES INC COM	2025-01-10	2025-02-26
	24. ROSS STORES INC COM	2025-01-08	2025-02-26
	11. WABTEC CORP COM	2024-04-09	2025-02-26
	1. WABTEC CORP COM	2024-02-08	2025-02-26
	4. WABTEC CORP COM	2024-04-09	2025-02-27
	7. WABTEC CORP COM	2024-07-18	2025-02-27
	19. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2023-04-12	2025-03-10
	18. COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A	2023-08-16	2025-03-10
	16. CONOCOPHILLIPS COM	2020-03-26	2025-03-10
	9. CONOCOPHILLIPS COM	2020-11-11	2025-03-10
	33. DUN AND BRADSTREET HLDGS INC	2023-04-14	2025-03-10
	5. FID NATIONAL FINL INC FNF GROU	2023-06-02	2025-03-10
	6. FID NATIONAL FINL INC FNF GROU	2023-03-16	2025-03-10
	1. FID NATIONAL FINL INC FNF GROU	2023-03-17	2025-03-10
	10. HONEYWELL INTERNATIONAL INC	2024-10-22	2025-03-10
	4. HONEYWELL INTERNATIONAL INC	2024-10-28	2025-03-10
	9. INTUIT INC	2024-12-19	2025-03-10
	3. INTUIT INC	2024-12-18	2025-03-10
	23. KKR & CO INC CL A	2025-01-08	2025-03-10
	6. KKR & CO INC CL A	2025-01-10	2025-03-10
	5. REINSURNCE GROUP AMERICA	2022-07-12	2025-03-10
	5. REINSURNCE GROUP AMERICA	2022-05-12	2025-03-10
	2. SANOFI SPONSORED ADR	2021-05-17	2025-03-10
	18. SANOFI SPONSORED ADR	2021-05-18	2025-03-10
	13. SANOFI SPONSORED ADR	2021-11-30	2025-03-10
	20. SANOFI SPONSORED ADR	2021-12-01	2025-03-10
	30. SKECHERS U S A INC CL A	2023-09-27	2025-03-10
	10. SKECHERS U S A INC CL A	2024-06-26	2025-03-10
	47. UBER TECHNOLOGIES INC	2024-09-06	2025-03-10
	7. WABTEC CORP COM	2024-07-22	2025-03-10
	10. WABTEC CORP COM	2024-08-15	2025-03-10
	1. WABTEC CORP COM	2024-07-18	2025-03-10
	14. DUN AND BRADSTREET HLDGS INC	2023-04-14	2025-03-11
	90. DUN AND BRADSTREET HLDGS INC	2024-07-18	2025-03-11
	12. FID NATIONAL FINL INC FNF GROU	2023-06-05	2025-03-11
	25. FID NATIONAL FINL INC FNF GROU	2023-06-02	2025-03-11
	5. REINSURNCE GROUP AMERICA	2022-07-13	2025-03-11
	8. REINSURNCE GROUP AMERICA	2022-07-12	2025-03-11
	7. SKECHERS U S A INC CL A	2024-06-26	2025-03-11
	11. SKECHERS U S A INC CL A	2024-06-27	2025-03-11
	9000. US TSY 0.500% MAR 31 2025 0.500% MAR 31 2025	2024-12-18	2025-03-11
	6. WABTEC CORP COM	2024-08-15	2025-03-11
	12. DUN AND BRADSTREET HLDGS INC	2024-07-18	2025-03-12
	106. DUN AND BRADSTREET HLDGS INC	2024-07-22	2025-03-12
	21. FID NATIONAL FINL INC FNF GROU	2023-06-05	2025-03-12
	15. VANGUARD SMALL CAP VALUE ETF	2024-12-17	2025-03-12
	2. VANGUARD SMALL CAP VALUE ETF	2024-12-17	2025-03-12
	53. VANGUARD VALUE ETF	2024-12-17	2025-03-12
	8. VANGUARD VALUE ETF	2024-12-17	2025-03-12
	6. VANGUARD VALUE ETF	2024-12-17	2025-03-12
	4. DISCOVER FINL SVCS	2024-08-29	2025-03-18
	4. DISCOVER FINL SVCS	2024-08-30	2025-03-18
	5. DISCOVER FINL SVCS	2024-09-06	2025-03-18
	1000. KROGER CO 5.00%SEP15 34 GLB	2024-12-19	2025-03-18
	3000. KROGER CO 5.00%SEP15 34 GLB	2024-12-19	2025-03-19
	29. ALPHABET INC SHS CL A	2012-06-26	2025-03-20
	19. REDDIT INC REG SHS-A- CL A	2024-11-26	2025-03-20
	18. REDDIT INC REG SHS-A- CL A	2025-01-08	2025-03-20
	13. REDDIT INC REG SHS-A- CL A	2024-12-19	2025-03-20
	5. REDDIT INC REG SHS-A- CL A	2024-12-18	2025-03-20
	16. SANDISK CORP	2025-01-08	2025-03-20
	16. SANDISK CORP	2025-02-10	2025-03-20
	10. TENET HEALTHCARE CORP COM NEW	2023-02-08	2025-03-20
	1. TENET HEALTHCARE CORP COM NEW	2023-02-01	2025-03-20
	8. UNION PAC CORP	2025-02-11	2025-03-20
	14. UNION PAC CORP	2025-02-10	2025-03-20
	26. TENET HEALTHCARE CORP COM NEW	2023-02-08	2025-03-21
	2. TENET HEALTHCARE CORP COM NEW	2023-03-16	2025-03-21
	135.66 FHLMC SD 8219 02 50%2052		2025-03-25
	79.61 FHLMC SD 8469 05 50%2054		2025-03-25
	131.75 FHLMC SD 3984 02%2051		2025-03-25
	171.79 FNMA PMA4599 03%2052		2025-03-25
	177.09 FNMA PMA5635 03 50%2055		2025-03-25
	1. APPLOVIN CORP COM	2025-03-20	2025-04-07
	4. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-06-29	2025-04-07
	1. BROADCOM INC	2024-10-22	2025-04-07
	5. CIENA CORP	2022-09-29	2025-04-07
	2. HUMANA INC COM	2024-11-26	2025-04-07
	2. NVIDIA CORP COM	2024-03-12	2025-04-07
	14. TENET HEALTHCARE CORP COM NEW	2023-03-16	2025-04-08
	7. TENET HEALTHCARE CORP COM NEW	2023-03-16	2025-04-09
	4000. US TSY 2.250% NOV 15 2025 2.250% NOV 15 2025	2024-12-18	2025-04-11
	10. HONEYWELL INTERNATIONAL INC	2024-10-28	2025-04-15
	22. MARVELL TECH INC	2024-06-26	2025-04-15
	15. MARVELL TECH INC	2024-06-27	2025-04-15
	7. MARVELL TECH INC	2024-07-10	2025-04-15
	23. MARVELL TECH INC	2024-05-01	2025-04-15
	3. ZEBRA TECHNOLOGIES CORP CL A	2023-11-27	2025-04-15
	5. HONEYWELL INTERNATIONAL INC	2024-10-28	2025-04-16
	9. ZEBRA TECHNOLOGIES CORP CL A	2023-11-27	2025-04-16
	164.55 FHLMC SD 8219 02 50%2052		2025-04-25
	108.85 FHLMC SD 8469 05 50%2054		2025-04-25
	98.75 FHLMC SD 3984 02%2051		2025-04-25
	196.81 FNMA PMA4599 03%2052		2025-04-25
	180.94 FNMA PMA5635 03 50%2055		2025-04-25
	65. SONY GROUP CORP	2024-08-15	2025-04-28
	50. SONY GROUP CORP	2023-12-13	2025-04-28
	1. LILLY ELI & CO	2024-12-18	2025-05-06
	12. MARVELL TECH INC	2024-07-11	2025-05-06
	8. MARVELL TECH INC	2024-07-10	2025-05-06
	2000. MICRON TECHNOLOGY 6.75% 29 GLB	2024-12-19	2025-05-06
	4. SANOFI SPONSORED ADR	2021-12-01	2025-05-06
	19. SONY GROUP CORP	2024-08-15	2025-05-06
	11. LUMH MOET HENNESSY LOUIS VUITTON	2024-12-19	2025-05-07
	2. LUMH MOET HENNESSY LOUIS VUITTON	2024-12-19	2025-05-07
	7. MARVELL TECH INC	2024-07-11	2025-05-07
	31. SANOFI SPONSORED ADR	2023-10-31	2025-05-07
	20. SANOFI SPONSORED ADR	2022-04-07	2025-05-07
	6. SANOFI SPONSORED ADR	2021-12-01	2025-05-07
	2. SANOFI SPONSORED ADR	2025-04-07	2025-05-07
	46. SONY GROUP CORP	2024-08-15	2025-05-07
	2000. ELI LILLY & CO GLB	2025-02-12	2025-05-08
	1000. JPMORGAN CHASE & CO GLB	2025-02-26	2025-05-09
	1000. TRUIST FINANCIAL CORP SER MTN	2024-12-19	2025-05-09
	2000. U.S. TREASURY NOTE 1.625% MAY 15 2031	2024-12-18	2025-05-09
	2000. U.S. TREASURY NOTE 2.750% MAY 31 2029	2024-12-18	2025-05-09
	2000. US TSY 2.750% JUL 31 2027 2.750% JUL 31 2027	2024-12-18	2025-05-09
	2000. U.S. TREASURY NOTE 3.125% AUG 31 2027	2024-12-18	2025-05-09
	2000. U.S. TREASURY NOTE 3.625% MAR 31 2030	2024-12-18	2025-05-09
	1000. US TSY 3.875% AUG 15 2033 3.875% AUG 15 2033	2024-12-18	2025-05-09
	1000. U.S. TREASURY NOTE 4.625% APR 30 2029	2024-12-18	2025-05-09
	1000. BK OF NOVA SCOTIA 1.35% 26 SENIOR UNSECURED	2024-12-19	2025-05-14
	2000. FHLMC SD 8219 02 50%2052	2025-01-14	2025-05-14
	2000. FNMA PMA4599 03%2052	2025-01-14	2025-05-14
	2000. FNMA PMA5635 03 50%2055	2025-01-14	2025-05-14
	8. RTX CORP CORP	2024-02-02	2025-05-14
	11. UNITEDHEALTH GROUP INC	2014-10-30	2025-05-14
	27. VANGUARD GROWTH ETF	2024-12-17	2025-05-14
	1000. WELLS FARGO & COMPANY SUBD SER GMTN GLB	2024-12-19	2025-05-14
	18. RTX CORP CORP	2024-02-02	2025-05-15
	5. APPLOVIN CORP COM	2025-03-20	2025-05-20
	6. MARVELL TECH INC	2024-07-12	2025-05-20
	42. MARVELL TECH INC	2024-08-15	2025-05-20
	1. MARVELL TECH INC	2024-07-11	2025-05-20
	120.45 FHLMC SD 8219 02 50%2052		2025-05-27
	131.9 FHLMC SD 8469 05 50%2054		2025-05-27
	78.57 FHLMC SD 3984 02%2051		2025-05-27
	215.81 FNMA PMA4599 03%2052		2025-05-27
	221.61 FNMA PMA5635 03 50%2055		2025-05-27
	4. APPLOVIN CORP COM	2025-03-20	2025-06-05
	3. SPOTIFY TECH S.A. REG SHS	2025-02-10	2025-06-09
	22. LUMH MOET HENNESSY LOUIS VUITTON	2025-02-10	2025-06-10
	2. LUMH MOET HENNESSY LOUIS VUITTON	2025-04-07	2025-06-10
	10. LUMH MOET HENNESSY LOUIS VUITTON	2025-01-08	2025-06-10
	12. LUMH MOET HENNESSY LOUIS VUITTON	2025-01-10	2025-06-10
	10. LUMH MOET HENNESSY LOUIS VUITTON	2024-12-19	2025-06-10
	1. CAPITAL ONE FINANCIAL CORP	2025-06-12	2025-06-12
	2. TENET HEALTHCARE CORP COM NEW	2023-03-16	2025-06-18
	7. TENET HEALTHCARE CORP COM NEW	2025-02-10	2025-06-18
	5. TENET HEALTHCARE CORP COM NEW	2025-02-10	2025-06-20
	1. TENET HEALTHCARE CORP COM NEW	2025-04-07	2025-06-20
	10. TENET HEALTHCARE CORP COM NEW	2025-02-11	2025-06-20
	101.81 FHLMC SD 8219 02 50%2052		2025-06-25
	118.88 FHLMC SD 8469 05 50%2054		2025-06-25
	113.94 FHLMC SD 3984 02%2051		2025-06-25
	221.52 FNMA PMA4599 03%2052		2025-06-25
	117.86 FNMA PMA5635 03 50%2055		2025-06-25
	15. ADVANCED MICRO DEVICES	2023-06-09	2025-07-07
	16. CAPITAL ONE FINANCIAL CORP	2024-09-06	2025-07-07
	8. HOWMET AEROSPACE INC ISSUED	2024-12-18	2025-07-07
	5. HOWMET AEROSPACE INC ISSUED	2024-12-19	2025-07-07
	3. SPOTIFY TECH S.A. REG SHS	2025-02-10	2025-07-07
	2000. CAPITAL ONE FINANCIAL CO GLB	2024-12-19	2025-07-09
	3000. WELLS FARGO & COMPANY SUBD SER GMTN GLB	2024-12-19	2025-07-09
	2000. CVS HEALTH CORP 5.70% 2034 GLB	2024-12-19	2025-07-10
	24. FID NATIONAL FINL INC FNF GROU	2025-07-07	2025-07-10
	18. FID NATIONAL FINL INC FNF GROU	2025-07-07	2025-07-11
	21. FID NATIONAL FINL INC FNF GROU	2025-07-08	2025-07-11
	24. FID NATIONAL FINL INC FNF GROU	2025-07-08	2025-07-11
	3000. SHIRE ACQ INV IRELAND DA COMPANY GUARNT GLB	2024-12-20	2025-07-14
	2. ADVANCED MICRO DEVICES	2023-06-09	2025-07-17
	1. AIR PRODS & CHEMS INC	2024-06-26	2025-07-17
	1. AIR PRODS & CHEMS INC	2024-05-30	2025-07-17
	2. ALPHABET INC SHS CL A	2012-06-26	2025-07-17
	9. AMAZON COM INC	2020-03-16	2025-07-17
	1. ELEVANCE HEALTH INC	2020-05-13	2025-07-17
	5. APPLE INC COM	2016-07-13	2025-07-17
	2. APPLOVIN CORP COM	2025-03-20	2025-07-17
	1. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-06-29	2025-07-17
	4. BOSTON SCIENTIFIC CORP COM	2025-01-27	2025-07-17
	3. BROADCOM INC	2024-10-22	2025-07-17
	6. CARDINAL HEALTH INC	2024-06-26	2025-07-17
	3. CARDINAL HEALTH INC	2024-04-25	2025-07-17
	4. CIENA CORP	2022-09-30	2025-07-17
	6. CIENA CORP	2022-09-29	2025-07-17
	3. META PLATFORMS INC CLASS A COMMON STOCK	2020-04-13	2025-07-17
	9. HASBRO INC COM	2025-06-09	2025-07-17
	2. HESS CORP	2024-11-26	2025-07-17
	4. HOWMET AEROSPACE INC ISSUED	2024-12-19	2025-07-17
	2. HUMANA INC COM	2024-11-26	2025-07-17
	5. INTERCONTINENTAL EXCHANGE INC	2021-01-27	2025-07-17
	1. J P MORGAN CHASE & CO COM	2012-06-13	2025-07-17
	1. LILLY ELI & CO	2024-12-18	2025-07-17
	5. MICROSOFT CORP	2016-01-20	2025-07-17
	5. MICRON TECHNOLOGY INC	2023-11-03	2025-07-17
	8. MR COOPER GROUP INC	2025-03-03	2025-07-17
	12. NVIDIA CORP COM	2024-03-12	2025-07-17
	3. SHELL PLC	2023-07-20	2025-07-17
	2. S&P GLOBAL INC	2024-11-26	2025-07-17
	11. SS AND C TECHNOLOGIES HOLDINGS INC	2024-11-15	2025-07-17
	1. TKO GROUP HOLDINGS INC	2021-08-06	2025-07-17
	1. TKO GROUP HOLDINGS INC	2021-08-09	2025-07-17
	1. VANGUARD SMALL CAP GROWTH ETF	2024-12-17	2025-07-17
	15. VANGUARD GROWTH ETF	2024-12-17	2025-07-17
	3. VISA INC CL A SHRS	2024-12-18	2025-07-17
	1. VISA INC CL A SHRS	2024-12-19	2025-07-17
	4. WELLS FARGO COMPANY	2025-01-08	2025-07-17
	4. WESTERN DIGITAL CORP COM	2025-01-08	2025-07-17
	8. JOHNSON CONTROLS INTER	2024-12-18	2025-07-17
	1. SPOTIFY TECH S.A. REG SHS	2025-02-10	2025-07-17
	2. ADVANCED MICRO DEVICES	2025-04-07	2025-07-22
	19. ADVANCED MICRO DEVICES	2024-08-15	2025-07-22
	6. ADVANCED MICRO DEVICES	2023-11-27	2025-07-22
	4. ADVANCED MICRO DEVICES	2023-11-24	2025-07-22
	1. ADVANCED MICRO DEVICES	2023-11-22	2025-07-22
	19. ADVANCED MICRO DEVICES	2023-07-11	2025-07-22
	10. ADVANCED MICRO DEVICES	2023-06-09	2025-07-22
	10. CIENA CORP	2024-05-22	2025-07-22
	9. CIENA CORP	2022-09-30	2025-07-22
	29. SONY GROUP CORP	2024-08-15	2025-07-22
	71. SONY GROUP CORP	2024-08-15	2025-07-23
	10. SONY GROUP CORP	2025-04-07	2025-07-23
	154.44 FHLMC SD 8219 02 50%2052		2025-07-25
	89.47 FHLMC SD 8469 05 50%2054		2025-07-25
	139.72 FHLMC SD 3984 02%2051		2025-07-25
	198.18 FNMA PMA4599 03%2052		2025-07-25
	188.4 FNMA PMA5635 03 50%2055		2025-07-25
	2000. CVS HEALTH CORP 5.70% 2034 GLB	2024-12-19	2025-07-30
	.475 CHEVRONTEXACO CORP COM	2024-11-26	2025-07-30
	8. CONOCOPHILLIPS COM	2020-11-11	2025-07-30
	3. CONOCOPHILLIPS COM	2020-11-12	2025-07-30
	22. CONOCOPHILLIPS COM	2021-09-15	2025-07-30
	10. HOWMET AEROSPACE INC ISSUED	2024-12-19	2025-07-30
	5. HOWMET AEROSPACE INC ISSUED	2025-01-08	2025-07-30
	1. SHELL PLC	2025-04-07	2025-07-30
	47. SHELL PLC	2023-07-20	2025-07-30
	1. SHELL PLC	2023-07-21	2025-07-30
	4000. PARKER-HANNIFIN CORP -	2024-12-19	2025-07-31
	9000. TRUIST FINANCIAL CORP SER MTN	2024-12-19	2025-08-05
	99.54 FHLMC SD 8219 02 50%2052		2025-08-25
	93.59 FHLMC SD 8469 05 50%2054		2025-08-25
	103.99 FHLMC SD 3984 02%2051		2025-08-25
	207.05 FNMA PMA4599 03%2052		2025-08-25
	119.02 FNMA PMA5635 03 50%2055		2025-08-25
	4000. UNITEDHEALTH GROUP INC GLB	2024-12-19	2025-09-11
	3. APPLOVIN CORP COM	2025-03-20	2025-09-16
	6. BROADCOM INC	2024-10-22	2025-09-16
	9. CIENA CORP	2024-05-23	2025-09-16
	16. CIENA CORP	2024-05-22	2025-09-16
	6. MICRON TECHNOLOGY INC	2023-11-22	2025-09-16
	1. MICRON TECHNOLOGY INC	2023-11-03	2025-09-16
	11. MICRON TECHNOLOGY INC	2023-11-24	2025-09-16
	2. AIR PRODS & CHEMS INC	2024-05-30	2025-09-22
	2. ALPHABET INC SHS CL A	2012-06-26	2025-09-22
	4. AMAZON COM INC	2020-03-16	2025-09-22
	1. ELEVANCE HEALTH INC	2020-05-13	2025-09-22
	5. APPLE INC COM	2016-07-13	2025-09-22
	1. APPLOVIN CORP COM	2025-03-20	2025-09-22
	5. BOSTON SCIENTIFIC CORP COM	2025-01-27	2025-09-22
	1. BROADCOM INC	2024-10-22	2025-09-22
	1. CARDINAL HEALTH INC	2024-04-25	2025-09-22
	2. CARDINAL HEALTH INC	2024-04-26	2025-09-22
	3. CHEVRONTEXACO CORP COM	2024-11-26	2025-09-22
	5. CIENA CORP	2024-05-23	2025-09-22
	1. META PLATFORMS INC CLASS A COMMON STOCK	2022-11-22	2025-09-22
	9. HASBRO INC COM	2025-06-09	2025-09-22
	3. HASBRO INC COM	2025-06-10	2025-09-22
	3. HOWMET AEROSPACE INC ISSUED	2025-01-08	2025-09-22
	2. HUMANA INC COM	2024-11-26	2025-09-22
	1. INTERCONTINENTAL EXCHANGE INC	2021-01-27	2025-09-22
	3. INTERCONTINENTAL EXCHANGE INC	2021-02-05	2025-09-22
	1. J P MORGAN CHASE & CO COM	2012-06-13	2025-09-22
	2. MICROSOFT CORP	2016-01-20	2025-09-22
	5. MICRON TECHNOLOGY INC	2023-11-24	2025-09-22
	5. MR COOPER GROUP INC	2025-03-03	2025-09-22
	18. NVIDIA CORP COM	2024-03-12	2025-09-22
	1. S&P GLOBAL INC	2024-11-26	2025-09-22
	9. SS AND C TECHNOLOGIES HOLDINGS INC	2024-11-15	2025-09-22
	6. SUNCOR ENERGY INC NEW	2025-02-10	2025-09-22
	2. TKO GROUP HOLDINGS INC	2021-08-09	2025-09-22
	3. VANGUARD SMALL CAP GROWTH ETF	2024-12-17	2025-09-22
	9. VANGUARD GROWTH ETF	2024-12-17	2025-09-22
	9. VANGUARD VALUE ETF	2024-12-17	2025-09-22
	3. VISA INC CL A SHRS	2024-12-19	2025-09-22
	5. WELLS FARGO COMPANY	2025-01-08	2025-09-22
	7. WESTERN DIGITAL CORP COM	2025-01-08	2025-09-22
	6. JOHNSON CONTROLS INTER	2024-12-18	2025-09-22
	1. JOHNSON CONTROLS INTER	2024-12-19	2025-09-22
	1. SPOTIFY TECH S.A. REG SHS	2025-02-10	2025-09-22
	96.89 FHLMC SD 8219 02 50%2052		2025-09-25
	96.53 FHLMC SD 8469 05 50%2054		2025-09-25
	117.98 FHLMC SD 3984 02%2051		2025-09-25
	5.19 FNMA PFS7879 02 50%2052		2025-09-25
	226.31 FNMA PMA4599 03%2052		2025-09-25
	144.15 FNMA PMA5635 03 50%2055		2025-09-25
	1. VANGUARD SMALL CAP VALUE ETF	2024-12-17	2025-09-29
	10. VANGUARD VALUE ETF	2024-12-17	2025-09-29
	2. APPLOVIN CORP COM	2025-03-20	2025-09-30
	2. CIENA CORP	2024-05-23	2025-09-30
	1. APPLOVIN CORP COM	2025-04-15	2025-10-01
	5. APPLOVIN CORP COM	2025-03-20	2025-10-01
	2. CIENA CORP	2024-05-23	2025-10-01
	8. CIENA CORP	2024-05-30	2025-10-01
	5000. U.S. TREASURY NOTE 1.625% MAY 15 2031	2024-12-18	2025-10-01
	9. CIENA CORP	2024-05-30	2025-10-16
	2. MICRON TECHNOLOGY INC	2025-03-20	2025-10-16
	5. MICRON TECHNOLOGY INC	2023-11-27	2025-10-16
	2. MICRON TECHNOLOGY INC	2023-11-24	2025-10-16
	5. CIENA CORP	2024-05-30	2025-10-17
	5. CIENA CORP	2024-05-30	2025-10-27
	4. CIENA CORP	2024-05-31	2025-10-27
	97.21 FHLMC SD 8219 02 50%2052		2025-10-27
	197.82 FHLMC SD 8469 05 50%2054		2025-10-27
	65.17 FHLMC SD 3984 02%2051		2025-10-27
	4.82 FNMA PFS7879 02 50%2052		2025-10-27
	167.83 FNMA PMA4599 03%2052		2025-10-27
	89.62 FNMA PMA5635 03 50%2055		2025-10-27
	79. ROCKET COMPANIES INC	2025-03-04	2025-10-27
	22. ROCKET COMPANIES INC	2025-03-03	2025-10-27
	13. SYNOPSYS INC	2025-07-22	2025-10-27
	2. SYNOPSYS INC	2025-07-30	2025-10-27
	3. SYNOPSYS INC	2025-07-30	2025-10-28
	4000. ABBVIE INC GLB	2024-12-19	2025-11-05
	1000. UBER TECHNOLOGIES INC GLB	2025-02-11	2025-11-05
	1000. UBER TECHNOLOGIES INC GLB	2025-02-13	2025-11-05
	7. S&P GLOBAL INC	2024-11-26	2025-11-10
	22. SS AND C TECHNOLOGIES HOLDINGS INC	2024-11-15	2025-11-10
	18. JOHNSON CONTROLS INTER	2024-12-19	2025-11-10
	6. SS AND C TECHNOLOGIES HOLDINGS INC	2024-11-15	2025-11-11
	13. CARDINAL HEALTH INC	2024-04-26	2025-11-14
	9. CIENA CORP	2024-05-31	2025-11-14
	10000. US TSY 2.250% NOV 15 2025 2.250% NOV 15 2025	2024-12-18	2025-11-17
	1000. US TSY 2.250% NOV 15 2025 2.250% NOV 15 2025	2025-10-16	2025-11-17
	3000. US TSY 3.875% AUG 15 2033 3.875% AUG 15 2033	2024-12-18	2025-11-21
	14000. FNMA PMA4599 03%2052	2025-01-14	2025-11-24
	12. BROADCOM INC	2024-10-22	2025-11-25
	10. CIENA CORP	2024-05-31	2025-11-25
	4.98 FHLMC SD 8204 02%2052		2025-11-25
	98.43 FHLMC SD 8219 02 50%2052		2025-11-25
	353.4 FHLMC SD 8469 05 50%2054		2025-11-25
	21.86 FHLMC SD 8524 05 50%2055		2025-11-25
	60.83 FHLMC SD 3984 02%2051		2025-11-25
	8.36 FNMA PFA1404 03%2052		2025-11-25
	6.52 FNMA PFA2839 02 50%2052		2025-11-25
	4.95 FNMA PFS7879 02 50%2052		2025-11-25
	175.52 FNMA PMA4599 03%2052		2025-11-25
	142.9 FNMA PMA5635 03 50%2055		2025-11-25
	6. MICROSOFT CORP	2016-01-20	2025-11-25
	5. BROADCOM INC	2024-10-22	2025-12-02
	11. BROADCOM INC	2024-10-28	2025-12-02
	7. WESTERN DIGITAL CORP COM	2025-01-08	2025-12-02
	14. BOSTON SCIENTIFIC CORP COM	2025-02-11	2025-12-09
	39. BOSTON SCIENTIFIC CORP COM	2025-01-28	2025-12-09
	20. BOSTON SCIENTIFIC CORP COM	2025-01-27	2025-12-09
	31. BOSTON SCIENTIFIC CORP COM	2025-02-10	2025-12-09
	1000. BROADCOM INC GLB	2025-07-14	2025-12-09
	1000. BROADCOM INC GLB	2025-07-11	2025-12-09
	4. MICROSOFT CORP	2016-01-20	2025-12-09
	8. MICRON TECHNOLOGY INC	2025-03-20	2025-12-09
	57. ROCKET COMPANIES INC	2025-03-06	2025-12-09
	88. ROCKET COMPANIES INC	2025-03-05	2025-12-09
	42. ROCKET COMPANIES INC	2025-03-04	2025-12-09
	1000. AT&T INC 2.25%FEB01 32 GLB	2025-10-02	2025-12-11
	1000. AT&T INC 2.25%FEB01 32 GLB	2025-10-03	2025-12-11
	2000. CITIGROUP INC GLB	2025-09-09	2025-12-11
	1. BOSTON SCIENTIFIC CORP COM	2025-04-07	2025-12-16
	13. BOSTON SCIENTIFIC CORP COM	2025-02-11	2025-12-16
	58. BOSTON SCIENTIFIC CORP COM	2025-03-10	2025-12-16
	2000. DELL INT LLC / EMC CORP COMPANY GUARNT GLB	2025-10-16	2025-12-18
	1. ADVANCED MICRO DEVICES	2025-10-16	2025-12-22
	3. AIR PRODS & CHEMS INC	2024-05-30	2025-12-22
	1. AIR PRODS & CHEMS INC	2024-05-31	2025-12-22
	7. ALPHABET INC SHS CL A	2012-06-26	2025-12-22
	13. AMAZON COM INC	2020-03-16	2025-12-22
	1. AMERISOURCEBERGEN CORP COM	2025-04-08	2025-12-22
	2. ELEVANCE HEALTH INC	2020-05-13	2025-12-22
	1. APPLE INC COM	2016-07-13	2025-12-22
	1. APPLOVIN CORP COM	2025-04-15	2025-12-22
	1. BERKSHIRE HATHAWAYINC DEL CL B NEW	2020-06-29	2025-12-22
	2. BROADCOM INC	2024-10-28	2025-12-22
	4. CARDINAL HEALTH INC	2024-04-26	2025-12-22
	4. CARDINAL HEALTH INC	2024-05-30	2025-12-22
	6. CHEVRONTEXACO CORP COM	2024-11-26	2025-12-22
	7. CIENA CORP	2024-08-15	2025-12-22
	3. META PLATFORMS INC CLASS A COMMON STOCK	2022-11-22	2025-12-22
	8. HASBRO INC COM	2025-06-10	2025-12-22
	6. HOWMET AEROSPACE INC ISSUED	2025-01-08	2025-12-22
	1. HUMANA INC COM	2024-11-26	2025-12-22
	6. INTEL CORP	2025-12-02	2025-12-22
	7. INTERCONTINENTAL EXCHANGE INC	2021-02-05	2025-12-22
	1. INTUIT INC	2025-07-22	2025-12-22
	2. J P MORGAN CHASE & CO COM	2012-06-13	2025-12-22
	1. LILLY ELI & CO	2024-12-18	2025-12-22
	4. MICROSOFT CORP	2016-01-20	2025-12-22
	4. MICRON TECHNOLOGY INC	2025-03-20	2025-12-22
	7. NVIDIA CORP COM	2024-03-12	2025-12-22
	15. RENTOKIL GROUP PLC SPONSORED ADR	2025-10-31	2025-12-22
	3. RENTOKIL GROUP PLC SPONSORED ADR	2025-11-03	2025-12-22
	40. ROCKET COMPANIES INC	2025-03-06	2025-12-22
	2. S&P GLOBAL INC	2025-01-08	2025-12-22
	12. SS AND C TECHNOLOGIES HOLDINGS INC	2024-11-15	2025-12-22
	3. SNOWFLAKE INC REG SHS	2025-10-27	2025-12-22
	4. SUNCOR ENERGY INC NEW	2025-02-10	2025-12-22
	4. TKO GROUP HOLDINGS INC	2021-08-09	2025-12-22
	5. VISA INC CL A SHRS	2024-12-19	2025-12-22
	8. WELLS FARGO COMPANY	2025-01-08	2025-12-22
	4. WESCO INTL INC	2025-10-28	2025-12-22
	2. WESTERN DIGITAL CORP COM	2025-01-08	2025-12-22
	5. JOHNSON CONTROLS INTER	2025-01-08	2025-12-22
	4. JOHNSON CONTROLS INTER	2024-12-19	2025-12-22
	6. MEDTRONIC PLC SHS	2025-12-09	2025-12-22
	1. SPOTIFY TECH S.A. REG SHS	2025-02-10	2025-12-22
	4.42 FHLMC SD 8204 02%2052		2025-12-26
	77.26 FHLMC SD 8219 02 50%2052		2025-12-26
	245.59 FHLMC SD 8469 05 50%2054		2025-12-26
	21.16 FHLMC SD 8524 05 50%2055		2025-12-26
	89.45 FHLMC SD 3984 02%2051		2025-12-26
	11.95 FNMA PFA1404 03%2052		2025-12-26
	3.97 FNMA PFA2839 02 50%2052		2025-12-26
	4.66 FNMA PFS7879 02 50%2052		2025-12-26
	92.35 FNMA PMA4599 03%2052		2025-12-26
	126.57 FNMA PMA5635 03 50%2055		2025-12-26
	9.73 FHLMC RQ 0056 05 50%2055		2025-12-26
	56.35 FHLMC RR 0036 04%2040		2025-12-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,256	880	1,376
b	1,805	727	1,078
c	2,707	1,060	1,647
d	1,590	1,123	467
e	1,665	1,310	355
	2,695	1,351	1,344
	255	245	10
	512	246	266
	2,276	1,056	1,220
	606	645	-39
	1,386	1,559	-173
	260	294	-34
	1,762	1,400	362
	705	565	140
	718	700	18
	2,442	2,180	262
	382	259	123
	2,982	2,823	159
	8,227	1,167	7,060
	3,143	1,741	1,402
	3,293	2,384	909
	2,365	1,239	1,126
	921	683	238
	2,764	2,217	547
	934	950	-16
	1,033	1,031	2
	1,863	1,273	590
	138	99	39
	124	107	17
	1,037	896	141
	311	272	39
	228	181	47
	1,082	1,150	-68
	784	869	-85
	1,371	1,455	-84
	1,195	962	233
	1,195	988	207
	686	687	-1
	697	472	225
	209	141	68
	551	470	81
	613	519	94
	1,818	1,468	350
	715	581	134
	204	175	29
	1,883	1,511	372
	1,647	1,796	-149
	1,882	2,405	-523
	1,197	672	525
	399	225	174
	399	226	173
	1,198	672	526
	2,073	2,058	15
	1,940	1,922	18
	3,026	225	2,801
	378	34	344
	4,583	406	4,177
	1,146	122	1,024
	1,630	1,986	-356
	2,241	2,848	-607
	713	903	-190
	1,131	774	357
	1,306	907	399
	1,211	1,225	-14
	1,626	2,031	-405
	623	264	359
	1,122	482	640
	269	296	-27
	1,703	1,861	-158
	243	283	-40
	100	103	-3
	58	33	25
	404	287	117
	4,155	4,258	-103
	1,662	1,779	-117
	2,070	2,033	37
	1,627	1,623	4
	887	889	-2
	845	576	269
	2,704	774	1,930
	338	120	218
	767	381	386
	863	660	203
	767	582	185
	605	347	258
	807	464	343
	605	340	265
	2,050	1,926	124
	661	625	36
	747	750	-3
	674	522	152
	1,649	1,725	-76
	3,847	4,058	-211
	1,099	1,167	-68
	1,076	696	380
	359	226	133
	717	457	260
	252	107	145
	2,394	984	1,410
	990	1,087	-97
	176	184	-8
	186	194	-8
	917	530	387
	673	509	164
	393	227	166
	401	375	26
	374	375	-1
	290	226	64
	1,072	866	206
	279	299	-20
	962	564	398
	1,954	1,966	-12
	807	667	140
	266	288	-22
	213	228	-15
	972	564	408
	7,000	6,972	28
	70	70
	103	103
	60	60
	151	151
	76	76
	2,088	2,297	-209
	3,340	3,687	-347
	2,022	1,625	397
	184	137	47
	731	591	140
	1,279	1,164	115
	1,621	1,149	472
	1,536	1,254	282
	1,465	511	954
	824	317	507
	283	376	-93
	311	176	135
	374	199	175
	62	32	30
	2,168	2,224	-56
	867	825	42
	5,256	5,831	-575
	1,752	1,998	-246
	2,461	3,393	-932
	642	850	-208
	933	590	343
	933	566	367
	119	107	12
	1,070	966	104
	773	622	151
	1,189	966	223
	1,650	1,414	236
	550	720	-170
	3,451	3,257	194
	1,231	1,178	53
	1,758	1,585	173
	176	166	10
	114	159	-45
	733	907	-174
	744	419	325
	1,550	879	671
	930	579	351
	1,489	944	545
	386	504	-118
	607	770	-163
	8,981	8,910	71
	1,052	951	101
	96	121	-25
	848	1,105	-257
	1,300	733	567
	2,782	3,093	-311
	371	412	-41
	9,006	9,166	-160
	1,359	1,384	-25
	1,019	1,038	-19
	621	550	71
	621	551	70
	776	646	130
	978	969	9
	2,933	2,907	26
	4,734	410	4,324
	2,113	2,642	-529
	2,002	3,079	-1,077
	1,446	2,119	-673
	556	831	-275
	899	727	172
	899	773	126
	1,269	542	727
	127	56	71
	1,877	1,968	-91
	3,285	3,410	-125
	3,191	1,409	1,782
	245	113	132
	136	136
	80	80
	132	132
	172	172
	177	177
	238	307	-69
	1,962	707	1,255
	155	179	-24
	276	203	73
	508	885	-377
	195	181	14
	1,695	794	901
	839	397	442
	3,955	3,927	28
	1,991	2,061	-70
	1,167	1,494	-327
	796	1,028	-232
	371	524	-153
	1,220	1,483	-263
	686	696	-10
	984	1,031	-47
	2,021	2,089	-68
	165	165
	109	109
	99	99
	197	197
	181	181
	1,629	1,150	479
	1,253	902	351
	773	772	1
	736	872	-136
	491	599	-108
	2,121	2,117	4
	213	193	20
	479	336	143
	1,211	1,442	-231
	220	262	-42
	383	509	-126
	1,617	1,409	208
	1,043	1,112	-69
	313	290	23
	104	102	2
	1,149	814	335
	2,010	1,985	25
	1,008	1,008
	992	979	13
	1,739	1,690	49
	1,912	1,869	43
	1,952	1,922	30
	1,967	1,938	29
	1,968	1,929	39
	973	957	16
	1,025	1,008	17
	966	952	14
	1,366	1,366
	1,404	1,404
	1,719	1,719
	1,048	739	309
	3,406	1,033	2,373
	11,169	11,518	-349
	993	987	6
	2,389	1,663	726
	1,841	1,536	305
	363	445	-82
	2,542	2,846	-304
	61	73	-12
	120	120
	132	132
	79	79
	216	216
	222	222
	1,641	1,229	412
	2,099	1,910	189
	2,372	3,117	-745
	216	268	-52
	1,078	1,310	-232
	1,294	1,586	-292
	1,078	1,311	-233
	57		57
	337	113	224
	1,180	975	205
	837	697	140
	167	120	47
	1,673	1,386	287
	102	102
	119	119
	114	114
	222	222
	118	118
	2,040	1,880	160
	3,490	2,027	1,463
	1,447	880	567
	904	549	355
	2,146	1,910	236
	2,089	2,053	36
	2,991	2,962	29
	2,043	1,968	75
	1,231	1,387	-156
	931	1,040	-109
	1,087	1,171	-84
	1,242	1,495	-253
	2,955	2,931	24
	324	251	73
	288	267	21
	288	261	27
	364	28	336
	2,009	775	1,234
	332	266	66
	1,053	122	931
	712	614	98
	470	177	293
	412	408	4
	843	538	305
	964	649	315
	482	312	170
	339	165	174
	508	244	264
	2,113	516	1,597
	685	609	76
	294	293	1
	744	440	304
	450	885	-435
	901	548	353
	283	34	249
	781	772	9
	2,528	251	2,277
	570	361	209
	1,175	893	282
	2,064	1,087	977
	210	188	22
	1,046	1,043	3
	906	806	100
	169	50	119
	169	50	119
	280	295	-15
	6,686	6,399	287
	1,050	952	98
	350	315	35
	317	286	31
	266	196	70
	856	643	213
	703	637	66
	302	169	133
	2,874	2,739	135
	907	739	168
	605	491	114
	151	123	28
	2,874	2,094	780
	1,512	1,253	259
	845	494	351
	761	372	389
	699	513	186
	1,774	1,256	518
	250	214	36
	154	154
	89	89
	140	140
	198	198
	188	188
	2,040	1,968	72
	74	68	6
	774	282	492
	290	105	185
	2,129	1,301	828
	1,915	1,099	816
	958	570	388
	72	63	9
	3,371	2,939	432
	72	63	9
	3,993	3,948	45
	9,000	8,815	185
	100	100
	94	94
	104	104
	207	207
	119	119
	3,987	3,786	201
	1,781	922	859
	2,164	1,077	1,087
	1,222	439	783
	2,172	791	1,381
	951	462	489
	158	72	86
	1,743	845	898
	580	522	58
	506	28	478
	913	344	569
	318	266	52
	1,275	122	1,153
	643	307	336
	482	510	-28
	342	179	163
	147	104	43
	294	207	87
	470	429	41
	694	244	450
	770	110	660
	677	609	68
	226	206	20
	574	342	232
	514	885	-371
	169	110	59
	508	342	166
	312	34	278
	1,030	100	930
	832	384	448
	1,081	558	523
	3,288	1,630	1,658
	508	522	-14
	800	659	141
	251	237	14
	400	100	300
	914	884	30
	4,354	3,839	515
	1,672	1,556	116
	1,031	945	86
	422	358	64
	782	343	439
	656	483	173
	109	80	29
	737	637	100
	97	97
	97	97
	118	118
	5	5
	226	226
	144	144
	208	206	2
	1,853	1,729	124
	1,438	614	824
	292	98	194
	707	312	395
	3,536	1,536	2,000
	292	98	194
	1,170	383	787
	4,462	4,225	237
	1,551	431	1,120
	403	208	195
	1,008	388	620
	403	154	249
	854	239	615
	915	239	676
	732	191	541
	97	97
	198	198
	65	65
	5	5
	168	168
	90	90
	1,387	779	608
	386	223	163
	6,050	7,801	-1,751
	931	1,291	-360
	1,354	1,936	-582
	3,981	3,925	56
	996	962	34
	996	967	29
	3,435	3,652	-217
	1,865	1,611	254
	2,209	1,431	778
	508	439	69
	2,686	1,345	1,341
	1,739	429	1,310
	10,000	9,817	183
	1,000	999	1
	3,000	2,871	129
	9,997	9,997
	4,580	2,153	2,427
	1,949	476	1,473
	5	5
	98	98
	353	353
	22	22
	61	61
	8	8
	7	7
	5	5
	176	176
	143	143
	2,859	301	2,558
	1,906	897	1,009
	4,193	1,898	2,295
	1,124	343	781
	1,302	1,480	-178
	3,628	3,986	-358
	1,860	2,041	-181
	2,884	3,289	-405
	1,013	1,002	11
	1,013	1,001	12
	1,957	201	1,756
	1,978	833	1,145
	1,075	560	515
	1,660	877	783
	792	414	378
	877	881	-4
	877	881	-4
	2,043	2,044	-1
	93	92	1
	1,207	1,374	-167
	5,383	5,486	-103
	2,058	2,084	-26
	214	237	-23
	734	782	-48
	245	261	-16
	2,162	99	2,063
	2,963	1,119	1,844
	340	277	63
	688	532	156
	272	24	248
	726	243	483
	500	177	323
	680	345	335
	820	414	406
	820	391	429
	901	858	43
	1,622	379	1,243
	1,977	329	1,648
	653	549	104
	1,245	684	561
	259	486	-227
	219	261	-42
	1,133	797	336
	675	764	-89
	645	69	576
	1,066	772	294
	1,944	201	1,743
	1,085	416	669
	1,281	634	647
	451	415	36
	90	83	7
	757	393	364
	1,047	986	61
	1,068	879	189
	675	798	-123
	173	158	15
	861	200	661
	1,765	1,575	190
	753	572	181
	1,005	886	119
	351	98	253
	599	399	200
	479	318	161
	587	602	-15
	581	637	-56
	4	4
	77	77
	246	246
	21	21
	89	89
	12	12
	4	4
	5	5
	92	92
	127	127
	10	10
	56	56

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,376
b			1,078
c			1,647
d			467
e			355
			1,344
			10
			266
			1,220
			-39
			-173
			-34
			362
			140
			18
			262
			123
			159
			7,060
			1,402
			909
			1,126
			238
			547
			-16
			2
			590
			39
			17
			141
			39
			47
			-68
			-85
			-84
			233
			207
			-1
			225
			68
			81
			94
			350
			134
			29
			372
			-149
			-523
			525
			174
			173
			526
			15
			18
			2,801
			344
			4,177
			1,024
			-356
			-607
			-190
			357
			399
			-14
			-405
			359
			640
			-27
			-158
			-40
			-3
			25
			117
			-103
			-117
			37
			4
			-2
			269
			1,930
			218
			386
			203
			185
			258
			343
			265
			124
			36
			-3
			152
			-76
			-211
			-68
			380
			133
			260
			145
			1,410
			-97
			-8
			-8
			387
			164
			166
			26
			-1
			64
			206
			-20
			398
			-12
			140
			-22
			-15
			408
			28





			-209
			-347
			397
			47
			140
			115
			472
			282
			954
			507
			-93
			135
			175
			30
			-56
			42
			-575
			-246
			-932
			-208
			343
			367
			12
			104
			151
			223
			236
			-170
			194
			53
			173
			10
			-45
			-174
			325
			671
			351
			545
			-118
			-163
			71
			101
			-25
			-257
			567
			-311
			-41
			-160
			-25
			-19
			71
			70
			130
			9
			26
			4,324
			-529
			-1,077
			-673
			-275
			172
			126
			727
			71
			-91
			-125
			1,782
			132





			-69
			1,255
			-24
			73
			-377
			14
			901
			442
			28
			-70
			-327
			-232
			-153
			-263
			-10
			-47
			-68





			479
			351
			1
			-136
			-108
			4
			20
			143
			-231
			-42
			-126
			208
			-69
			23
			2
			335
			25

			13
			49
			43
			30
			29
			39
			16
			17
			14



			309
			2,373
			-349
			6
			726
			305
			-82
			-304
			-12





			412
			189
			-745
			-52
			-232
			-292
			-233
			57
			224
			205
			140
			47
			287





			160
			1,463
			567
			355
			236
			36
			29
			75
			-156
			-109
			-84
			-253
			24
			73
			21
			27
			336
			1,234
			66
			931
			98
			293
			4
			305
			315
			170
			174
			264
			1,597
			76
			1
			304
			-435
			353
			249
			9
			2,277
			209
			282
			977
			22
			3
			100
			119
			119
			-15
			287
			98
			35
			31
			70
			213
			66
			133
			135
			168
			114
			28
			780
			259
			351
			389
			186
			518
			36





			72
			6
			492
			185
			828
			816
			388
			9
			432
			9
			45
			185





			201
			859
			1,087
			783
			1,381
			489
			86
			898
			58
			478
			569
			52
			1,153
			336
			-28
			163
			43
			87
			41
			450
			660
			68
			20
			232
			-371
			59
			166
			278
			930
			448
			523
			1,658
			-14
			141
			14
			300
			30
			515
			116
			86
			64
			439
			173
			29
			100






			2
			124
			824
			194
			395
			2,000
			194
			787
			237
			1,120
			195
			620
			249
			615
			676
			541






			608
			163
			-1,751
			-360
			-582
			56
			34
			29
			-217
			254
			778
			69
			1,341
			1,310
			183
			1
			129

			2,427
			1,473










			2,558
			1,009
			2,295
			781
			-178
			-358
			-181
			-405
			11
			12
			1,756
			1,145
			515
			783
			378
			-4
			-4
			-1
			1
			-167
			-103
			-26
			-23
			-48
			-16
			2,063
			1,844
			63
			156
			248
			483
			323
			335
			406
			429
			43
			1,243
			1,648
			104
			561
			-227
			-42
			336
			-89
			576
			294
			1,743
			669
			647
			36
			7
			364
			61
			189
			-123
			15
			661
			190
			181
			119
			253
			200
			161
			-15
			-56

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	129,612
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,958
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,958
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,958
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	3,716
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,716
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,758
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax1,758	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address

The books are in care ofBANK OF AMERICA NA Telephone no. (212) 852-3049

Located atPO BOX 1532PENNINGTONNJ ZIP+408534

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check .........

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BANK OF AMERICA N A	TRUSTEE 2	21,116
PO BOX 1532 PENNINGTON,NJ08534	TRUSTEE 2	21,116

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2025)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,386,683

Average of monthly cash balances.......................

21,093

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

1,407,776

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,407,776

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

21,117

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,386,659

Minimum investment return. Enter 5% (0.05) of line 5 ................

69,333

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

Minimum investment return from Part IX, line 6..................

69,333

Tax on investment income for 2025 from Part V, line 5 .......

1,958

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

1,958

Distributable amount before adjustments. Subtract line 2c from line 1............

67,375

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

67,375

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

67,375

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

55,268

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

55,268

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					67,375
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				46,821
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	0
b From 2021......	0
c From 2022......	0
d From 2023......	0
e From 2024......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 55,268
a Applied to 2024, but not more than line 2a				46,821
b Applied to undistributed income of prior years (Election required—see instructions) .....			0
c Treated as distributions out of corpus (Election required—see instructions) ........		0
d Applied to 2025 distributable amount.....					8,447
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2025.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					58,928
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2021 ....	0
b Excess from 2022 ....	0
c Excess from 2023 ....	0
d Excess from 2024 ....	0
e Excess from 2025 ....	0

Form 990-PF (2025)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF FLORIDA FOUNDATION PO BOX 14425 GAINESVILLE,FL326042425	N/A		UNRESTRICTED GENERAL	46,821
Total ................................. 3a				46,821

bApproved for future payment

Total ................................. 3b

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	24,534
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	129,612
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				154,146

13Total. Add line 12, columns (b), (d), and (e)..................

154,146

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2025)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
00287YAY5 ABBVIE INC GLB	3,942	3,991
0641594A1 BANK OF NOVA SCOTIA	5,744	5,929
126650ED8 CVS HEALTH CORP
14040HCZ6 CAPITAL ONE FINANCIA
38141GWB6 GOLDMAN SACHS GROUP	3,918	3,996
404119CK3 HCA INC COMPANY GUAR	4,405	4,723
42824CBV0 HP ENTERPRISE CO
437076DE9 HOME DEPOT INC
46647PCV6 JPMORGAN CHASE & CO
501044DV0 KROGER CO
595112BV4 MICRON TECHNOLOGY IN
61747YFT7 MORGAN STANLEY GLB	3,943	4,118
701094AR5 PARKER-HANNIFIN CORP
808513CH6 CHARLES SCHWAB CORP	2,088	2,180
82481LAD1 SHIRE ACQ INV IRELAN
89788MAA0 TRUIST FINANCIAL COR
91324PEV0 UNITEDHEALTH GROUP I
94974BGL8 WELLS FARGO & COMPAN	3,967	4,016
95000U3P6 WELLS FARGO & COMPAN	4,098	4,142
958667AG2 WESTERN MIDSTREAM OP	2,015	2,014
14040HDJ1 CAPITAL ONE FINANCIA	2,016	2,088
02557TAE9 AMERICAN ELECTRIC PO	1,988	1,986
023608AR3 AMEREN CORP GLB	2,055	2,055
373334KY6 GEORGIA POWER CO GLB	4,044	4,064
37045XED4 GENERAL MOTORS FINL	3,236	3,239
46647PEU6 JPMORGAN CHASE & CO	7,060	7,130
37940XAY8 GLOBAL PAYMENTS INC	4,005	3,976
78081BAU7 ROYALTY PHARMA PLC C	1,990	2,010
76720AAU0 RIO TINTO FIN USA PL	2,018	2,061
822905AC9 SHELL FINANCE US INC	3,871	3,840
20030NEP2 COMCAST CORP COMPANY	2,005	2,045
05526DCC7 BAT CAPITAL CORP COM	3,065	3,125
30303MAD4 META PLATFORMS INC G	4,019	3,995
25278XBC2 DIAMONDBACK ENERGY I	1,999	2,056
693475BR5 PNC FINANCIAL SERVIC	4,137	4,148
00206RKH4 AT&T INC GLB	1,762	1,754

Name of Stock	End of Year Book Value	End of Year Fair Market Value
34959J108 FORTIVE CORP
46625H100 JPMORGAN CHASE & CO	812	7,411
02079K107 ALPHABET INC SHS
02079K305 ALPHABET INC SHS	11,908	34,117
594918104 MICROSOFT CORP	9,295	43,042
91324P102 UNITEDHEALTH GROUP I
037833100 APPLE INC	2,224	19,574
444859102 HUMANA INC	11,337	8,702
670100205 NOVO NORDISK A/S ADR
20030N101 COMCAST CORP
20825C104 CONOCOPHILLIPS
22052L104 DOWDUPONT INC
45866F104 INTERCONTINENTAL EXC	16,171	20,083
92826C839 VISA INC CL A SHRS	24,364	25,953
171779309 CIENA CORP	8,280	31,105
036752103 ELEVANCE HEALTH INC	11,435	11,568
68902V107 OTIS WORLDWIDE CORP
084670702 BERKSHIRE HATHAWAYIN	1,766	5,027
80105N105 SANOFI-SYNTHELABO
023135106 AMAZON COM INC COM	23,766	41,548
30303M102 META PLATFORMS INC C	17,083	33,005
192446102 COGNIZANT TECHNOLOGY
759351604 REINSURANCE GROUP OF
26484T106 DUN AND BRADSTREET H
007903107 ADVNCD MICRO D INC	4,739	4,283
31620R303 FIDELITY NATIONAL FI
573874104 MARVELL TECH INC
595112103 MICRON TECHNOLOGY IN	5,988	17,410
780259305 ROYAL DUTCH SHELL PL
830566105 SKECHERS U S A INC
835699307 SONY CORP ADR AMERN
87256C101 TKO GROUP HOLDINGS I	3,626	10,868
88033G407 TENET HEALTHCARE COR
883556102 THERMO FISHER SCIENT
989207105 ZEBRA TECHNOLOGIES C
G5960L103 MEDTRONIC PLC SHS	13,450	12,968
009158106 AIR PRODUCTS&CHEM	12,519	10,869
04626A103 ASTERA LABS INC REG
11135F101 BROADCOM INC	10,744	17,651
14149Y108 CARDINAL HEALTH INC	16,175	28,976
22822V101 CROWN CASTLE INTERNA
254709108 DISCOVER FINANCIAL S
285512109 ELECTRONIC ARTS
42809H107 HESS CORP
438516106 HONEYWELL INTERNATIO
443201108 HOWMET AEROSPACE INC	10,642	17,632
461202103 INTUIT INC	9,186	7,949
48251W104 KKR & CO INC
502441306 LVMH MOET HENNESSY L
532457108 ELI LILLY & CO	7,595	10,747
67066G104 NVIDIA	25,153	42,709
75513E101 RAYTHEON TECHNOLOGIE
75734B100 REDDIT INC REG SHS-A
78409V104 S&P GLOBAL INC	14,681	15,678
78467J100 SS AND C TECHNOLOGIE	13,899	15,124
90353T100 UBER TECHNOLOGIES IN
929740108 WABTEC CORP
G51502105 JOHNSON CONTROLS INT	13,187	18,921
949746101 WELLS FARGO & CO	7,922	10,345
922908595 VANGUARD SMALL CAP G	25,589	26,586
77311W101 ROCKET COMPANIES INC	9,985	19,844
458140100 INTEL CORP	6,927	5,941
922908611 VANGUARD SMALL CAP V	25,961	26,686
03073E105 CENCORA INC	2,490	3,040
958102105 WSTN DIGITAL CORP DE	3,909	13,265
03831W108 APPLOVIN CORP COM	7,593	20,215
922908736 VANGUARD GROWTH ETF	155,777	180,996
166764100 CHEVRON CORP	12,698	13,260
922908744 VANGUARD VALUE ETF	193,210	213,145
867224107 SUNCOR ENERGY INC NE	2,829	3,150
833445109 SNOWFLAKE INC REG SH	12,621	10,310
418056107 HASBRO INC	16,365	18,696
L8681T102 SPOTIFY TECH S.A. RE	12,910	13,356
760125104 RENTOKIL INTL SPNSRD	8,061	8,720
95082P105 WESCO INTERNATIONAL	15,431	14,923

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
922908595 VANGUARD SMALL-CAP G
922908611 VANGUARD SMALL-CAP V
922908736 VANGUARD GROWTH ETF
922908744 VANGUARD VALUE ETF
09248U213 BLACKROCK LIQUIDITY	AT COST	2,280	2,280

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVSTMT EXPENSE	588	588		0
INVESTMENT ADVISORY FEES	8	8		0

Category	Amount	Net Investment Income
FOREIGN TAXES	51	51
EXCISE TAX - PRIOR YEAR	3,283	0
FEDERAL ESTIMATES - PRINCIPAL	3,716	0

Description	Amount
MUTUAL FUND TIMING ADJ	169
PY RETURN OF CAPTIAL ADJ	314
COST BASIS ADJ	576