| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,250 | 2,125 | 2,125 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GQG PARTNERS, US QUALITY SELECT EQUITY FUND | AT COST | 223,424 | 251,618 |
| BAIRD SHORT TERM BOND FUND | AT COST | 568,124 | 567,052 |
| GOLDMAN SACHS GQG PARTNERS | AT COST | 192,135 | 316,307 |
| MFS INTERNATIONAL EQUITY FUND | AT COST | 245,486 | 317,168 |
| PARNASSUS CORE EQUITY FUND | AT COST | 168,131 | 248,200 |
| OSTERWEIS STRATEGIC INCOME FUND | AT COST | 145,976 | 147,660 |
| THORNBURG LIMITED-TERM INCOME FUND | AT COST | 579,432 | 574,135 |
| VANGUARD MID-CAP INDEX FUND | AT COST | 131,012 | 277,374 |
| VANGUARD 500 INDEX FUND | AT COST | 617,321 | 938,798 |
| FPA CRESCENT PORTFOLIO | AT COST | 20,492 | 32,135 |
| MORGAN STANLEY INTERNATIONAL ADVANTAGE PORTFOLIO | AT COST | 301,708 | 309,506 |
| VANGUARD TOTAL BOND MARKET INDEX FUND | AT COST | 570,860 | 557,040 |
| APPLIED FINANCE EXPLORER FUND | AT COST | 105,034 | 138,792 |
| OBERWEIS SMALL-CAP OPPORTUNITIES FUND | AT COST | 126,000 | 129,325 |
| GMO US QUALITY ETF | AT COST | 265,292 | 321,410 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID TAXES | 2,880 | 3,500 | 3,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE EXPENSE | 33 | 17 | 16 | |
| TELEPHONE EXPENSES | 1,468 | 734 | 734 | |
| BANK FEE | 30 | 15 | 15 | |
| REGISTRATION FEE | 15 | 0 | 15 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 17,989 | 17,989 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 3,485 | 0 | 0 | |
| FOREIGN TAX | 1,352 | 1,352 | 0 |