| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 6,970 | 6,970 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Intel Corp B/E | 150,036 | 149,508 |
| Novartis Cptl Corp NTS | 260,003 | 258,539 |
| VISA Inc NTS B/E | 272,322 | 273,422 |
| Citigroup Inc SR NT | 173,422 | 174,368 |
| Morgan Stanley NTS B/E | 174,687 | 174,312 |
| Comcast Corp B/E | 168,871 | 173,588 |
| Berkshire Hathaway Inc | 348,466 | 347,260 |
| Pfizer Inc B/E | 245,018 | 246,488 |
| Microsoft Corp B/E | 400,674 | 395,892 |
| Astrazeneca PLC B/E | 302,588 | 298,878 |
| Baker Hughes LLC / CO-OBL | 91,340 | 97,996 |
| Amazon Com B/E | 240,210 | 245,905 |
| Bank New York Mellon Senior Notes | 245,808 | 246,013 |
| Elevance Health Inc | 250,092 | 249,260 |
| Lam Research Corp Senior Unsecured | 248,440 | 248,140 |
| Berkshire Hathaway Energy Co | 242,358 | 242,520 |
| Vanguard Intermediate Term Corporate Bond ETF | 88,809 | 90,300 |
| UnitedHealth Group Inc SR NT | 249,188 | 256,578 |
| Goldman Sachs Group Inc | 149,550 | 150,534 |
| Northern Trust Corp Subordinated Notes | 311,465 | 324,063 |
| Halliburton Co Senior Notes | 196,276 | 192,462 |
| First Trust Preferred Securities and Income ETF | 127,608 | 130,741 |
| CitiBank N A | 253,180 | 261,365 |
| Keurig Dr Pepper Inc | 199,578 | 204,414 |
| Southern Co SR NT | 249,925 | 260,208 |
| Intel Corp SR NT | 248,850 | 255,600 |
| Sysco Corp SR NT | 388,152 | 396,893 |
| CVS Health Corp SR NT | 327,386 | 332,121 |
| Duke Energy Corp | 301,090 | 315,240 |
| Duke Energy Carolinas LLC | 197,112 | 199,754 |
| Vanguard Emerging Markets Government Bond ETF | 93,216 | 94,496 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Abbott Labs | 62,742 | 102,416 |
| Aflac Inc | 65,698 | 125,392 |
| Air Prod & Chemical Inc | 80,712 | 91,952 |
| Archer Daniels Midland Co | 93,432 | 100,071 |
| Automatic Data Processing Inc | 70,713 | 116,575 |
| Chevron Corp | 84,659 | 101,665 |
| Cintas Corp | 49,476 | 140,408 |
| Coca Cola Co | 73,619 | 100,819 |
| Dover Corp | 97,212 | 118,916 |
| Genl Dynamics Corp | 59,261 | 102,373 |
| Genuine Parts Co | 98,173 | 95,956 |
| Illinois Tool Works Inc | 95,593 | 118,680 |
| Lowes Companies Inc | 88,103 | 113,154 |
| McDonalds Corp | 79,363 | 117,745 |
| Pepsico Inc | 99,345 | 93,880 |
| Procter & Gamble Co | 67,842 | 88,741 |
| Roper Technologies Inc | 58,166 | 100,331 |
| S&P Global Inc | 82,712 | 130,768 |
| Sherwin Williams Co | 71,674 | 135,284 |
| Walmart Inc | 84,779 | 168,573 |
| IShares Core S&P Small-Cap ETF | 165,048 | 173,225 |
| Chubb LTD CHF | 66,823 | 103,720 |
| Albemarle Corp | 115,548 | 83,602 |
| ATMOS Energy Corp | 64,838 | 93,853 |
| Essex Property Trust Inc | 97,307 | 109,109 |
| Linde PLC EUR | 59,082 | 106,973 |
| Realty Income Corp MD SBI | 101,995 | 102,143 |
| Caterpillar Inc | 56,468 | 100,546 |
| Church & Dwight Co Inc | 109,087 | 113,602 |
| Nextera Energy Inc Com | 86,217 | 88,094 |
| Crown Castle International Corp | 95,140 | 105,915 |
| IShares Core S&P Mid-Cap ETF | 260,938 | 308,922 |
| IShares Core S&P 500 ETF | 628,464 | 805,307 |
| Vanguard FTSE Developed Markets ETF | 752,001 | 904,179 |
| Vanguard FTSE Emerging Markets ETF FTSE Emerging Index | 191,789 | 205,655 |
| Pentair PLC | 57,764 | 106,561 |
| Select Sector SPDR Trust The Health Care Select Sector SPDR Fund | 69,165 | 65,912 |
| Ecolab Inc | 57,793 | 70,054 |
| Microsoft Corp | 102,133 | 126,342 |
| Brown & Brown Inc | 81,458 | 121,624 |
| Fastenal Co | 93,989 | 114,240 |
| Nucor Corp | 99,662 | 93,139 |
| Pacer FDS Tr US Cash Cows 100 ETF | 76,088 | 72,346 |
| W W Grainger Inc | 90,148 | 98,823 |
| McKesson Corp | 65,359 | 71,080 |
| Cardinal Health Inc | 76,434 | 98,784 |
| Eversource Energy Com | 62,308 | 67,883 |
| Factset Research Systems Inc | 77,492 | 73,801 |
| Kenvue Inc Common Stock | 90,979 | 88,513 |
| Target Corp | 71,389 | 67,477 |
| A O Smith Corporation | 103,343 | 95,601 |
| Federal Realty Investment Trust | 80,198 | 70,578 |
| Invesco Exchange Traded Fd TR S&P 500 Equal Weight Technology ETF | 84,526 | 103,255 |
| JP Morgan Exchange Traded Fund Trust JPMorgan Hedged Equity Laddered Overlay | 88,361 | 94,996 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Blackstone RE Income Trust Inc | AT COST | 1,125,936 | 2,596,129 |
| Starwood Real Estate Income Trust Inc | AT COST | 562,677 | 995,034 |
| Balbec IGCF VI LP | AT COST | 512,607 | 572,874 |
| Balbec IGCF VI LP Escrow | AT COST | 100,000 | 100,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Advisory | 84,148 | 84,148 | 0 |