| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC - 2.750% - 06/01/2031 | 16,412 | 16,547 |
| BANK AMER CORP MEDIUM - 3.974% | 15,276 | 15,920 |
| CITIGROUP INC - 7.000% | 209,004 | 216,207 |
| CITIGROUP INC - 7.500% - 01/01 | 243,707 | 238,770 |
| GOLDMAN SACHS GROUP INC - 5.21 | 15,149 | 15,500 |
| GOLDMAN SACHS GROUP INC - 7.50 | 213,103 | 220,158 |
| JPMORGAN CHASE - 4.565% - 06/1 | 15,256 | 16,198 |
| TRUIST FINANCIAL CORP - 5.070% | 16,080 | 16,451 |
| US TREASURY NOTE - 1.250% - 05 | 14,816 | 16,122 |
| WALMART INC - 1.500% - 09/22/2 | 15,206 | 16,080 |
| WASTE MANAGEMENT INC - 4.875% | 15,778 | 16,421 |
| WELLS FARGO & CO - 4.478% - 04 | 15,462 | 16,119 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADVANCED DRAINAGE SYSTEMS INC | 2,898 | 3,902 |
| AFFILIATED MANAGERS GROUP | 8,535 | 17,286 |
| ALPHABET INC CL A | 92,000 | 118,940 |
| APPLE INC | 29,715 | 32,623 |
| APTAR GROUP INC | 9,904 | 14,025 |
| ARAMARK | 7,467 | 15,334 |
| AVERY DENNISON CORP | 19,217 | 18,734 |
| BALL CP | 2,715 | 2,970 |
| BENTLEY SYSTEMS INC CL B | 6,308 | 5,725 |
| BERKLEY W R CP | 6,341 | 18,792 |
| BIO TECHNE CORPORATION | 8,284 | 10,645 |
| BLACKBAUD INC | 7,761 | 8,422 |
| BOOZ ALLEN HAMILTON HOLDING CO | 12,566 | 12,907 |
| BROWN & BROWN INC | 1,254 | 1,627 |
| BURLINGTON STORES, INC | 13,295 | 21,849 |
| CACI INTL INC | 13,953 | 26,923 |
| CARLISLE COS INC | 13,208 | 26,505 |
| CASEY'S GENERAL STORES, INC | 9,717 | 22,900 |
| CHOICE HOTELS INTERNATIONAL IN | 12,067 | 12,098 |
| COLUMBIA BANKING SYSTEM, INC | 3,745 | 3,969 |
| COLUMBIA SPORTSWEAR CO | 7,858 | 6,115 |
| DOLBY LABORATORIES | 18,901 | 14,450 |
| ENVISTA HOLDINGS | 8,933 | 8,120 |
| FACTSET RESH SYST INC | 2,553 | 4,576 |
| FTI CONSULTING INC | 6,875 | 6,788 |
| GLOBAL X MLP & ENERGY INFRASTR | 250,239 | 250,110 |
| GODADDY INC | 12,898 | 19,481 |
| GRACO INC | 2,454 | 6,967 |
| HENRY JACK & ASSOC INC | 5,387 | 9,495 |
| HUNT J B | 4,564 | 9,538 |
| IDEX CP | 6,690 | 11,071 |
| INSIGHT ENTERPRISES, INC | 10,985 | 6,241 |
| ISHARES S&P 500 VALUE INDEX FU | 343,005 | 634,727 |
| JACOBS SOLUTIONS INC | 10,372 | 10,012 |
| JONES LANG LASALLE | 9,225 | 19,244 |
| KINSALE CAPITAL GROUP INC | 6,233 | 6,664 |
| KIRBY CORPORATION | 4,598 | 9,755 |
| LANDSTAR SYSTEM | 6,687 | 7,048 |
| LENNOX INTL INC | 5,630 | 12,995 |
| LKQ CORPORATION | 18,136 | 12,291 |
| MANHATTAN ASSOCIATES INC | 6,861 | 10,228 |
| MARKEL CORP | 11,924 | 24,528 |
| MORNINGSTAR, INC | 11,935 | 16,002 |
| NORDSON CP | 6,195 | 10,561 |
| PACER US CASH COWS 100 ETF | 570,048 | 592,494 |
| PARSONS ORD SHS | 4,940 | 3,811 |
| PIA BBB BOND FUND MANAGED ACCO | 55,646 | 50,055 |
| PIA MBS BOND FUND MANAGED ACCO | 16,321 | 16,347 |
| POOL CORP | 6,742 | 6,330 |
| PROSPERITY BANC SHARES, INC | 4,976 | 5,073 |
| QUIDELORTHO CORPORATION COM | 253,218 | 73,799 |
| RPM INTERNATIONAL INC | 9,502 | 14,976 |
| SAIA, INC | 7,025 | 7,557 |
| SEI INVESTMENTS | 9,993 | 16,978 |
| SERVICE CP INTL | 4,555 | 6,844 |
| SIMPSON MANUFACTURING CO INC | 6,667 | 6,594 |
| TELEFLEX INC | 22,069 | 10,447 |
| TOPBUILD CORP | 3,315 | 3,161 |
| TRANSUNION COM USD0.01 | 8,821 | 14,063 |
| TRIMBLE NAV LTD | 18,268 | 25,542 |
| TYLER TECHNOLOGIES, INC | 5,102 | 6,179 |
| ULTA SALON, COSMETICS & FRAGRA | 5,131 | 10,323 |
| WEX, INC | 10,622 | 12,243 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 17,759 | 17,759 | ||
| Bank Charges | 20 | 20 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Class Action Lawsuit Proceeds | 332 | 332 |
| Description | Amount |
|---|---|
| RETURNED GRANT | 2,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 15,648 | 15,648 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2025 | 7,100 | |||
| 990-PF Excise Tax for 2024 | 2,979 |