HOVEIDA FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: HOVEIDA FAMILY FOUNDATION (EIN 85-4041310)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202543199349100004
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T23:39:42-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	993180745	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DENDRON STUDIO 26 PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1393	AddressLine1Txt
City	BELLEVUE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98009	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	854041310	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HOVEIDA FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HOVE	BusinessNameControlTxt
Phone	2067170669	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4551 FLYING GOAT AVE NE A120	AddressLine1Txt
City	BAINBRIDGE ISLAND	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98110	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BAHMAN HOVEIDA	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2067170669	PhoneNum
Signature	2025-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANNA Y AU	PreparerPersonNm
PTIN	P00082681	PTIN
Phone	2064860068	PhoneNum
Preparation	2025-11-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$67,192,468	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$104,735	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$104,735	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$1,679,241	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,679,241	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$851,002	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$16,064,156	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$851,002	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$138,577	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$138,577	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,773,555	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,773,555	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$59,541	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$59,541	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$8,944	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$8,944	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$6,784	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$0	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$6,784	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$115	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$115	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$59,477	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$41,634	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$17,843	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$228,686	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$225,927	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$2,759	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$57,424	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$44,532	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$12,892	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$1,552	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$1,552	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$1,096	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$1,096	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$423,619	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$312,093	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$111,526	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,111,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,111,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,534,619	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$312,093	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,222,526	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$761,064	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,461,462	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,553,304	CashBOYAmt
Cash EOY	$204,017	CashEOYAmt
Cash EOYFMV	$204,017	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$4,808,175	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,996,518	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$4,996,553	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$10,559,880	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$9,989,510	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$9,293,631	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$30,514,397	CorporateStockBOYAmt
Corporate Stock EOY	$30,219,054	CorporateStockEOYAmt
Corporate Stock EOYFMV	$36,522,684	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$15,184,146	CorporateBondsBOYAmt
Corporate Bonds EOY	$16,178,600	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$14,861,316	CorporateBondsEOYFMVAmt
Other Investments BOY	$995,273	OtherInvestmentsBOYAmt
Other Investments EOY	$1,160,746	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$1,211,749	OtherInvestmentsEOYFMVAmt
Other Assets BOY	-$4,530	OtherAssetsBOYAmt
Other Assets EOY	$102,518	OtherAssetsEOYAmt
Other Assets EOYFMV	$102,518	OtherAssetsEOYFMVAmt
Total Assets BOY	$63,610,645	TotalAssetsBOYAmt
Total Assets EOY	$62,850,963	TotalAssetsEOYAmt
Total Assets EOYFMV	$67,192,468	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$0	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,382	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,382	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$63,610,645	RetainedEarningBOYAmt
Retained Earning EOY	$62,849,581	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$63,610,645	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$62,849,581	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$63,610,645	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$62,850,963	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$63,610,645	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$761,064	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$62,849,581	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$62,849,581	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	How AcquiredHowAcquiredCd
PUBLICLY TRADED SECURITIES	$16,064,091	$15,213,154	$850,937	$850,937
CAPITAL GAINS DIVIDENDS	$65		$65	$65	P

Field	Value	IRS element (for citing)
Capital Gain Net Income	$851,002	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$34,214	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$34,214	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$34,214	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$23,652	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$30,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$53,652	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$19,438	OverpaymentAmt
Applied To ES Tax	$19,438	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	WA	OrgReportOrRegisterStateCd
Org Report Or Register State	MN	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	HOVEIDAFOUNDATION.ORG	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	AMETHYST LUCILLE NELSON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2067170669	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4551 FLYING GOAT AVE NE STE A120	AddressLine1Txt
City	BAINBRIDGE ISLAND	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98110	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	Yes (1)	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	Yes (1)	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	Yes (1)	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	Yes (1)	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	Yes (1)	TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
BAHMAN HOVEIDA
4551 FLYING GOAT AVE NE STE A120	BAINBRIDGE ISLAND	WA	98110	PRESIDENT	1.00	$0	$0	$0
REBECCA HOVEIDA
4551 FLYING GOAT AVE NE STE A120	BAINBRIDGE ISLAND	WA	98110	VICE PRESIDENT	1.00	$0	$0	$0
AMETHYST LUCILLE NELSON
4551 FLYING GOAT AVE NE STE A120	BAINBRIDGE ISLAND	WA	98110	SECRETARY TREASURER	20.00	$59,541	$4,590	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
WELLS FARGO
900 WAYZATA BLVD E MEZZANINE LEVEL	WAYZATA	MN	55391	INVESTMENT MANAGEMENT SERVICES	$95,039
CITI BANK
SORT 2230	NEW YORK	NY	10043	INVESTMENT MANAGEMENT SERVICES	$92,983
DENDRON STUDIO 26 PLLC
PO BOX 1393	BELLEVUE	WA	98009	ACCOUNTING SERVICES	$50,047

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DEDICATE TO THE PROMOTION OF SCIENTIFIC AND ENGINEERING EDUCATION AND RESEARCH TO MAKE THE WORLD A BETTER PLACE FOR ALL HUMANITY AND ALL LIVING THINGS.	Description1Txt
Expenses1	$111,526	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$60,054,407	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$6,349,870	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$1,211,748	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$67,616,025	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$67,616,025	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,014,240	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$66,601,785	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,330,089	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,330,089	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$34,214	TaxBasedOnInvestmentIncomeAmt
Total Tax	$34,214	TotalTaxAmt
Distributable Before Adj	$3,295,875	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,295,875	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,295,875	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,222,526	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$3,222,526	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,295,875	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr2	$292,196	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$396,058	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$688,254	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,222,526	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$3,222,526	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$73,349	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$73,349	ExcessDistributionCyovAppCYAmt
Total Corpus	$614,905	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$614,905	ExcessDistriCyovToNextYrAmt
Excess From Year2	$218,847	ExcessFromYear2Amt
Excess From Year1	$396,058	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	BAHMAN HOVEIDA	ContributingManagerNm
Contributing Manager	REBECCA HOVEIDA	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
FIREFLY SISTERHOOD
5775 WAYZATA BLVD SUITE 700	ST LOUIS PARK	MN	55416	NONE	PUBLIC CHARITY	SUPPORT FIREFLY SISTERHOOD'S MISSION OF PROVIDING COMFORT, HOPE, AND CONNECTION FOR WOMEN IMPACTED BY A BREAST CANCER DIAGNOSIS THROUGH FIREFLY'S PEER MENTOR GUIDES PROGRAM	$50,000
IEEE FOUNDATION
445 HOES LANE	PISCATAWAY	NJ	08854	NONE	PUBLIC CHARITY	PROVIDE SCHOLARSHIPS TO THE TOP ELECTRICAL ENGINEERING UNDERGRADUATE STUDENTS IN THE US TO PURSUE CAREERS IN THE POWER AND ENERGY SECTOR	$250,000
MAYO CLINIC
200 FIRST STREET SW	ROCHESTER	MN	55905	NONE	PUBLIC CHARITY	FUNDING RESEARCH FOR ARTIFICIAL INTELLIGENCE FOR MEDICINE, IMPROVEMENTS IN TREATMENTS OR CURES FOR AUTO-IMMUNE DISEASE, CROHN'S, CANCER, DIABETES	$2,000,000
BETTERGRIDS FOUNDATION
PO BOX 830	ALAMO	CA	94507	NONE	PUBLIC CHARITY	SUPPORT FOR GRID RESEARCHERS TO HAVE THE ESSENTIAL TEST DATA THEY NEED TO DEVELOP BETTER GRID SOLUTIONS. THE MISSION IS TO OPERATE THE GRID DATA REPOSITORY IN A SELF-FUNDING MANNER TO SUPPORT EDUCATION AND RESEARCH IN DEVELOPING BETTER SOLUTIONS FOR GRID RESILIENCY, CONTROL, AND OPTIMIZATION	$10,000
THE BOWERY MISSION
90 LAFAYETTE STREET	NEW YORK	NY	10013	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS	$25,000
THE SALVATION ARMY - SHIELD OF HOPE
5040 NORTH PULASKI ROAD	CHICAGO	IL	60630	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS	$25,000
WASHINGTON STATE ACADEMY OF SCIENCES
PO BOX 9293	SEATTLE	WA	98109	NONE	PUBLIC CHARITY	PROVIDE PROGRAMS AND RESEARCH THAT SUPPORT THE DEVELOPMENT OF THE FUTURE STEM WORKFORCE, ADVANCING INDIAN AND NATIVE HEALTH, AND ASSESSING THE IMPACT OF COVID-19 ON K-12 STUDENTS	$25,000
PBS FOUNDATION
1225 SOUTH CLARK STREET	ARLINGTON	VA	22202	NONE	PUBLIC CHARITY	PROVIDE SUPPORT FOR NOVA AND A BRIEF HISTORY OF THE FUTURE EDUCATIONAL PROGRAMMING	$250,000
COMPASS HOUSING ALLIANCE
220 DEXTER AVE N	SEATTLE	WA	98109	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS	$25,000
NATIONAL ACADEMY OF ENGINEERING FUND
500 FIFTH STREET NW 035	WASHINGTON	DC	20001	NONE	PUBLIC CHARITY	SUPPORT FOR THE NATIONAL ACADEMY OF ENGINEERING'S INCLUSIVE, DIVERSE, AND EQUITABLE ENGINEERING FOR ALL (IDEEA) PROGRAMS THAT INFORM, INSPIRE, AND PROVIDE OPPORTUNITIES FOR K-12 MARGINALIZED YOUTH AND THEIR CAREGIVERS TO LEARN ABOUT AND ENGAGE WITH ENGINEERING	$25,000
HOPE SHELTERS
249 BALDWIN AVE	PONTIAC	MI	48342	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS	$25,000
FEEDING PETS OF THE HOMELESS
710 W WASHINGTON ST	CARSON CITY	NV	89703	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
SEATTLE HUMANE SOCIETY
13212 SE EASTGATE WAY	BELLEVUE	WA	98005	NONE	PRIVATE NONPROFIT	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
MAUI HUMANE SOCIETY
PO BOX 1047	PUUNENE	HI	96784	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
CAN DO CANINES
9440 SCIENCE CENTER DRIVE	NEW HOPE	MN	55428	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING SERVICE DOGS TO PEOPLE WITH DISABILITIES THAT MAY BE LOW INCOME OR OTHERWISE UNABLE TO AFFORD A SERVICE DOG	$20,000
HAWAII ISLAND HUMANE SOCIETY
78-6767 MAMALAHOA HWY	HOLUALOA	HI	96725	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
MN SNAP
2822 WASHINGTON AVE N	MINNEAPOLIS	MN	55411	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
HAWAII WILDLIFE CENTER
PO BOX 551752	KAPAAU	HI	96755	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY RESPONSE, MEDICAL AND REHABILITATIVE CARE FOR NATIVE BIRDS AND BATS STATEWIDE, ALONGSIDE CONSERVATION PROGRAMS THAT AIM TO CREATE A COMMUNITY WHERE NATIVE WILDLIFE THRIVE.	$20,000
SEATTLE VETERINARY OUTREACH
PO BOX 33156	SEATTLE	WA	98133	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
ANIMAL HUMANE SOCIETY
845 MEADOW LN N	GOLDEN VALLEY	MN	55422	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS	$20,000
K9S FOR WARRIORS
114 CAMP K9 ROAD	PONTE VEDRA	FL	32081	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING SERVICE DOGS TO VETERANS SUFFERING FROM PTSD, TBI, OR MST THAT MAY BE LOW INCOME OR OTHERWISE UNABLE TO AFFORD A SERVICE DOG	$20,000
AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION
228 EAST 45TH STREET SUITE 9E	NEW YORK	NY	10017	NONE	PUBLIC CHARITY	SUPPORT DEVELOPING AND SCALING TECHNOLOGIES TO RID THE WORD'S OCEANS OF PLASTIC	$25,000
CHILDREN'S CANCER RESEARCH FUND
1650 W 82ND ST STE 400	MINNEAPOLIS	MN	55431	NONE	PUBLIC CHARITY	SUPPORT CHILDREN'S CANCER RESEARCH AND RESOURCES AND PROGRAMS FOR KIDS AND FAMILIES NAVIGATING CANCER TREATMENT AND SURVIVORSHIP	$5,000
COALITION TO RESTORE COASTAL LOUISIANA
3801 CANAL STREET SUITE 400	NEW ORLEANS	LA	70119	NONE	PUBLIC CHARITY	SUPPORT RESTORING AND PROTECTING COASTAL LOUISIANA THROUGH RESTORATION PROJECTS, RAISING AWARENESS AND EDUCATION INITIATIVES	$25,000
CORAL REEF ALLIANCE
548 MARKET ST SUITE 29802	SAN FRANCISCO	CA	94104	NONE	PUBLIC CHARITY	SUPPORT WORK TO PROTECT CORAL REEFS AND KEEP THEM HEALTHY THROUGH CUTTING-EDGE SCIENCE AND COMMUNITY ENGAGEMENT	$25,000
FOR INSPIRATION & RECOGNITION OF SCIENCE & TECHNOLOGY (FIRST)
200 BEDFORD STREET	MANCHESTER	NH	03101	NONE	PUBLIC CHARITY	SUPPORT STEM LEARNING BY PREPARING YOUNG PEOPLE FOR THE FUTURE THROUGH INCLUSIVE, TEAM-BASED ROBOTICS PROGRAMS	$10,000
KITSAP HUMANE SOCIETY
9167 DICKEY RD NW	SILVERDALE	WA	98383	NONE	PUBLIC CHARITY	SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE AND SUPPLIES FOR ANIMALS IN SHELTERS. SUPPORT FUNDING NEEDS DUE TO EXTRA EXPENSES FROM TAKING IN SHELTER ANIMALS DISPLACED BY HURRICANE HELEN	$20,000
MINDUP - THE GOLDEN HAWN FOUNDATION
220 26TH ST SUITE 203	SANTA MONICA	CA	90402	NONE	PUBLIC CHARITY	SUPPORT RESEARCH-BASED TRAINING PROGRAM FOR EDUCATORS AND CHILDREN THAT TEACHES SOCIAL AND EMOTIONAL LEARNING SKILLS	$20,000
NORTH CAROLINA COMMUNITY FOUNDATION
3737 GLENWOOD AVE SUITE 460	RALEIGH	NC	27612	NONE	PUBLIC CHARITY	SUPPORT UNMET AND LONG-TERM NEEDS IN NORTH CAROLINA COMMUNITIES IMPACTED BY HURRICANE HELENE	$25,000
PANCERATIC CANCER ACTION NETWORK INC
1500 ROSECRANS AVE SUITE 200	MANHATTAN BEACH	CA	90266	NONE	PUBLIC CHARITY	SUPPORT PANCREATIC CANCER SCIENTIFIC RESEARCH, BUILDING COMMUNITY, SHARING KNOWLEDGEM AND ADVOCATING FOR PATIENTS	$1,000
PILOTS N PAWS
4651 HOWE ROAD	LANDRUM	SC	29356	NONE	PUBLIC CHARITY	SUPPORT MISSION OF PROVIDING AN ENVIRONMENT IN WHICH VOLUNTEERS CAN COME TOGETHER AND ARRANGE OR SCHEDULE RESCUE FLIGHTS, OVERNIGHT FOSTER CARE OR SHELTER, AND ALL OTHER RELATED ACTIVITIES FOR DISPLACED ANIMALS	$20,000
STEPPING STONE EMERGENCY HOUSING
3300 4TH AVE N 14	ANOKA	MN	55303	NONE	PUBLIC CHARITY	PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS	$25,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,111,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$104,735	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,679,241	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$138,577	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$851,002	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,773,555	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,773,555	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$59,477	Amt
Net Investment Income	$41,634	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$17,843	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (442 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
GS MORTGAGE SECURITIES TRUST DTD 03/01/18 3.727 03/10/2051	$135,523	$115,939
HYUNDAI AUTO RECEIVABLES TRUST DTD 07/19/23 5.700 04/17/2028	$101,309	$101,094
UBS COMMERCIAL MORTGAGE TRUST DTD 10/01/17 3.301 10/15/2050	$137,543	$121,281
ABBVIE INC DTD 05/14/15 3.600 05/14/2025	$110,561	$99,586
ADVANCE AUTO PARTS DTD 03/09/23 5.900 03/09/2026	$4,000	$4,028
ADVANCE AUTO PARTS DTD 03/09/23 5.950 03/09/2028	$3,781	$4,036
AECOM DTD 02/21/17 5.125 03/15/2027	$4,465	$3,962
ALCOA INC DTD 01/25/07 5.900 02/01/2027	$4,075	$4,084
ALUMINUM CO AMER DTD 01/27/98 6.750 01/15/2028	$4,558	$4,182
AMAZON.COM INC DTD 04/13/22 3.600 04/13/2032	$69,790	$69,422
AMERICAN AXLE & MFG INC DTD 10/01/17 6.500 04/01/2027	$4,014	$3,956
AMGEN INC DTD 02/22/22 3.350 02/22/2032	$66,740	$66,823
ANTHEM INC DTD 09/09/19 2.375 01/15/2025	$53,058	$49,957
ASBURY AUTOMOTIVE GROUP DTD 09/01/20 4.500 03/01/2028	$3,795	$3,834
ASBURY AUTOMOTIVE GROUP DTD 09/01/20 4.750 03/01/2030	$4,100	$3,741
AT&T INC DTD 02/19/19 4.350 03/01/2029	$72,689	$73,376
AUTOZONE INC DTD 08/01/22 4.750 08/01/2032	$121,958	$120,911
BALL CORP DTD 03/09/18 4.875 03/15/2026	$3,963	$3,983
BALL CORP DTD 05/11/23 6.000 06/15/2029	$4,030	$4,029
BALL CORP DTD 11/25/22 6.875 03/15/2028	$4,080	$4,091
BANK OF AMERICA CORP DTD 04/22/21 07/22/2027	$44,346	$47,667
BANK OF AMERICA CORP DTD 04/27/22 04/27/2033	$119,088	$118,790
BOEING CO DTD 05/04/20 5.150 05/01/2030	$3,981	$3,944
BOYD GAMING CORP DTD 06/01/20 4.750 12/01/2027	$4,140	$3,867
BRISTOL-MYERS SQUIBB CO DTD 11/13/20 1.125 11/13/2027	$65,419	$68,298
BURLINGTN NORTH SANTA FE DTD 06/09/23 5.200 04/15/2054	$80,970	$75,286
CAPITAL ONE FINANCIAL CO DTD 01/30/18 3.800 01/31/2028	$113,164	$96,523
CARPENTER TECHNOLOGY DTD 03/16/22 7.625 03/15/2030	$3,980	$4,096
CARPENTER TECHNOLOGY DTD 07/24/20 6.375 07/15/2028	$4,360	$4,001
CCO HLDGS LLC/CAP CORP DTD 05/10/21 4.500 05/01/2032	$4,700	$4,301
CELANESE US HOLDINGS LLC DTD 08/24/23 6.950 11/15/2033	$4,225	$4,151
CENTURY COMMUNITIES DTD 12/01/19 6.750 06/01/2027	$4,244	$4,002
CHARTER COMM OPT LLC/CAP DTD 11/01/17 5.375 05/01/2047	$3,913	$4,104
CHEMOURS CO DTD 05/23/17 5.375 05/15/2027	$3,938	$3,850
CLEVELAND-CLIFFS INC DTD 12/01/19 5.875 06/01/2027	$4,140	$3,977
COMCAST CORP DTD 10/19/17 3.999 11/01/2049	$188,991	$132,339
COMMERCIAL METALS CO DTD 01/28/22 4.375 03/15/2032	$4,564	$4,478
COMMERCIAL METALS CO DTD 02/02/21 3.875 02/15/2031	$3,808	$3,534
CON-WAY INC DTD 04/30/04 6.700 05/01/2034	$3,948	$4,166
CREDIT ACCEPTANCE CORPORATION DTD 03/15/20 6.625 03/15/2026	$4,207	$4,000
CROWDSTRIKE HOLDINGS INC DTD 01/20/21 3.000 02/15/2029	$3,670	$3,636
CROWN AMER/CAP CORP V DTD 03/31/17 4.250 09/30/2026	$3,705	$3,902
CROWN AMERICAS LLC DTD 10/01/22 5.250 04/01/2030	$3,810	$3,893
CROWN CORK & SEAL CO INC DTD 12/17/96 7.375 12/15/2026	$4,716	$4,104
CVS HEALTH CORP DTD 03/31/20 3.750 04/01/2030	$128,366	$114,495
DCP MIDSTREAM OPERATING DTD 07/17/18 5.375 07/15/2025	$2,175	$2,002
DELTA AIR LINES INC DTD 06/12/20 7.375 01/15/2026	$5,551	$5,108
DUKE ENERGY CORP DTD 06/10/21 2.550 06/15/2031	$100,543	$85,379
ENACT HOLDINGS INC DTD 05/28/24 6.250 05/28/2029	$4,129	$4,076
ENCOMPASS HEALTH CORP DTD 09/18/19 4.750 02/01/2030	$4,092	$3,792
ENCOMPASS HEALTH CORP DTD 09/18/19 4.500 02/01/2028	$4,151	$3,860
ENLINK MIDSTREAM PARTNER DTD 07/14/16 4.850 07/15/2026	$4,893	$4,989
EXXON MOBIL CORPORATION DTD 04/15/20 3.452 04/15/2051	$51,141	$45,564
FIRSTENERGY CORP DTD 02/20/20 2.050 03/01/2025	$3,859	$3,974
FIRSTENERGY CORP DTD 06/21/17 3.900 07/15/2027	$4,000	$3,895
FLUOR CORP DTD 08/29/18 4.250 09/15/2028	$4,010	$3,805
FORD MOTOR COMPANY DTD 04/22/20 9.625 04/22/2030	$4,129	$3,462
FORD MOTOR COMPANY DTD 12/08/16 4.346 12/08/2026	$3,839	$3,937
FRONTIER FLORIDA LLC DTD 02/01/98 6.860 02/01/2028	$4,040	$4,090
GENERAL DYNAMICS CORP DTD 05/11/18 3.750 05/15/2028	$71,178	$72,789
GENERAL MOTORS FINL CO DTD 04/06/23 5.400 04/06/2026	$5,009	$5,028
GOLDMAN SACHS GROUP INC DTD 05/22/15 3.750 05/22/2025	$111,509	$99,633
GRIFFON CORPORATION DTD 02/19/20 5.750 03/01/2028	$4,240	$3,922
H.B. FULLER CO DTD 10/20/20 4.250 10/15/2028	$4,080	$3,762
HCA INC DTD 01/16/15 5.375 02/01/2025	$4,470	$4,001
HILLENBRAND INC DTD 03/03/21 3.750 03/01/2031	$3,920	$3,496
HILTON DOMESTIC OPERATION DTD 06/20/19 4.875 01/15/2030	$4,245	$3,837
HILTON WORLDWIDE FIN LLC DTD 03/16/17 4.875 04/01/2027	$7,848	$7,891
HOME DEPOT INC DTD 01/13/20 3.125 12/15/2049	$76,496	$50,208
HONEYWELL INTERNATIONAL DTD 11/02/22 5.000 02/15/2033	$79,277	$74,596
JPMORGAN CHASE & CO DTD 10/23/23 10/23/2034	$75,789	$79,267
KINDER MORGAN INC DTD 03/01/18 4.300 03/01/2028	$86,851	$73,602
L BRANDS INC DTD 01/23/18 5.250 02/01/2028	$3,845	$3,938
L BRANDS INC DTD 06/16/16 6.750 07/01/2036	$4,770	$4,065
LAMAR MEDIA CORP DTD 07/15/20 3.750 02/15/2028	$3,549	$3,751
LAMAR MEDIA CORP DTD 09/15/20 4.875 01/15/2029	$4,180	$3,843
M/I HOMES INC DTD 01/22/20 4.950 02/01/2028	$3,955	$3,864
MACYS RETAIL HLDGS INC DTD 11/18/14 4.500 12/15/2034	$1,450	$1,664
MCDONALD'S CORP MED TERM NOTE DTD 12/09/15 4.875 12/09/2045	$70,279	$67,184
META PLATFORMS INC DTD 05/03/23 4.600 05/15/2028	$74,562	$75,096
MGM RESORTS INTL DTD 04/09/24 6.500 04/15/2032	$4,073	$3,986
MGM RESORTS INTL DTD 04/10/19 5.500 04/15/2027	$4,281	$3,975
MORGAN STANLEY DTD 01/20/17 4.375 01/22/2047	$61,559	$41,755
MURPHY OIL USA INC DTD 09/13/19 4.750 09/15/2029	$3,790	$3,796
NORTHROP GRUMMAN CORP DTD 02/08/23 4.950 03/15/2053	$76,360	$71,493
NRG ENERGY INC DTD 07/15/18 5.750 01/15/2028	$3,780	$3,986
O'REILLY AUTOMOTIVE INC DTD 06/15/22 4.700 06/15/2032	$73,258	$72,453
OLIN CORP DTD 01/19/18 5.000 02/01/2030	$3,789	$3,755
OLIN CORP DTD 07/16/19 5.625 08/01/2029	$4,424	$3,889
ONEMAIN FINANCE CORP DTD 06/22/23 9.000 01/15/2029	$3,998	$4,241
PACIFIC GAS & ELECTRIC DTD 06/08/22 5.450 06/15/2027	$3,988	$4,046
PATTERSON-UTI ENERGY INC DTD 08/01/18 3.950 02/01/2028	$3,970	$3,826
PBF HOLDING CO LLC DTD 08/15/20 6.000 02/15/2028	$1,880	$1,918
PENSKE AUTOMOTIVE GROUP DTD 06/15/21 3.750 06/15/2029	$4,630	$4,544
PENSKE AUTOMOTIVE GROUP DTD 08/20/20 3.500 09/01/2025	$4,077	$3,949
PG&E CORP DTD 06/23/20 5.250 07/01/2030	$3,903	$3,915
PILGRIM'S PRIDE CORP DTD 04/19/23 6.250 07/01/2033	$3,902	$4,075
PILGRIM'S PRIDE CORP DTD 10/15/22 4.250 04/15/2031	$4,663	$4,601
QUEST DIAGNOSTICS INC DTD 11/01/23 6.400 11/30/2033	$89,731	$85,662
QVC INC DTD 08/21/14 5.450 08/15/2034	$4,100	$2,466
RADIAN GROUP INC DTD 03/04/24 6.200 05/15/2029	$4,013	$4,105
RANGE RESOURCES CORP DTD 11/15/15 4.875 05/15/2025	$4,215	$3,987
REGAL REXNORD CORP DTD 02/15/24 6.050 02/15/2026	$4,019	$4,036
ROYAL CARIBBEAN CRUISES DTD 11/28/17 3.700 03/15/2028	$3,648	$3,792
RYMAN HOSPITALITY PROP DTD 04/15/20 4.750 10/15/2027	$4,157	$3,870
SBA COMMUNICATIONS CORP DTD 08/01/21 3.125 02/01/2029	$3,640	$3,611
SBA COMMUNICATIONS CORP DTD 08/15/20 3.875 02/15/2027	$4,095	$3,829
SEAGATE HDD CAYMAN DTD 05/14/15 4.875 06/01/2027	$3,861	$3,941
SEAGATE HDD CAYMAN DTD 12/02/14 5.750 12/01/2034	$4,540	$3,838
SERVICE CORP INTL DTD 05/21/19 5.125 06/01/2029	$4,346	$3,870
SHEA HOMES LP/FNDG CP DTD 02/20/20 4.750 02/15/2028	$3,646	$3,832
SIX FLAG/CAN/MAGNUM/MIL DTD 06/22/18 5.375 04/15/2027	$4,098	$3,957
SM ENERGY CO DTD 08/20/18 6.625 01/15/2027	$4,140	$3,995
SM ENERGY CO DTD 09/12/16 6.750 09/15/2026	$4,004	$3,996
SOUTHWESTERN ENERGY CO DTD 08/01/21 5.375 02/01/2029	$4,200	$3,940
SPIRIT AEROSYSTEMS INC DTD 06/01/16 3.850 06/15/2026	$4,170	$3,904
SPRINT CAP CORP DTD 11/16/98 6.875 11/15/2028	$4,187	$4,246
SPRINT CORP DTD 02/22/18 7.625 03/01/2026	$4,653	$4,089
TELEFLEX INC DTD 11/20/17 4.625 11/15/2027	$4,221	$3,876
TENET HEALTHCARE CORP DTD 06/15/22 6.125 06/15/2030	$3,750	$3,968
TENET HEALTHCARE CORP DTD 09/16/20 6.125 10/01/2028	$3,715	$3,993
TRANSDIGM INC DTD 05/15/20 5.500 11/15/2027	$4,135	$3,931
TRI POINTE HOMES INC DTD 06/10/20 5.700 06/15/2028	$4,040	$3,974
UNITED RENTALS NORTH AM DTD 02/25/20 4.000 07/15/2030	$4,104	$3,641
UNITED RENTALS NORTH AM DTD 05/10/19 5.250 01/15/2030	$3,680	$3,886
UNITEDHEALTH GROUP INC DTD 07/23/15 4.750 07/15/2045	$133,565	$88,107
US BANCORP MED TERM NOTE DTD 04/26/18 3.900 04/26/2028	$117,267	$97,036
USA COM PART/USA COM FIN DTD 09/01/19 6.875 09/01/2027	$3,915	$4,013
VERIZON COMMUNICATIONS DTD 06/03/19 4.016 12/03/2029	$116,329	$95,981
VITAL ENERGY INC DTD 09/25/23 9.750 10/15/2030	$4,370	$4,217
WARNERMEDIA HOLDINGS INC DTD 03/15/23 4.279 03/15/2032	$4,503	$4,406
WELLTOWER INC DTD 08/19/19 3.100 01/15/2030	$90,487	$91,050
WESTERN DIGITAL CORP DTD 02/13/18 4.750 02/15/2026	$4,847	$4,952
WESTPAC BANKING CORP DTD 01/25/18 3.400 01/25/2028	$70,838	$72,203
WYNDHAM WORLDWIDE CORP DTD 09/15/15 6.600 10/01/2025	$4,502	$4,010
YUM BRANDS INC DTD 04/01/22 5.375 04/01/2032	$3,750	$3,874
YUM BRANDS INC DTD 04/01/21 4.625 01/31/2032	$4,040	$3,696
ARCH CAPITAL GROUP LTD 4.550% PFD SER G	$2,559	$2,381
ARCH CAPITAL GROUP LTD 5.450% PFD SER F	$2,913	$2,376
RENAISSANCERE HOLDINGS L 4.200% PFD SER G	$1,141	$746
RENAISSANCERE HOLDINGS L 5.750% PFD SER F	$1,956	$1,636
AFFILIATED MANAGERS GROU PFD	$1,050	$838
AFFILIATED MANAGERS GROU 4.750% PFD	$1,676	$1,582
ALLSTATE CORP 4.750% PFD SER I	$2,163	$1,687
ALLSTATE CORP 5.100% PFD SER H	$3,349	$2,866
ALLSTATE CORP 7.375% PFD SER J	$3,803	$4,020
AMERICAN FINANCIAL GROUP PFD	$1,037	$855
AMERICAN FINANCIAL GROUP PFD	$2,151	$1,618
AMERICAN FINANCIAL GROUP 4.500% PFD	$1,590	$1,507
ASSURANT INC 5.250% PFD	$2,122	$2,047
AT&T INC 4.750% PFD SER C	$8,334	$6,590
AT&T INC 5.000% PFD SER A	$2,838	$2,525
AT&T INC 5.350% PFD	$956	$879
BANK OF AMERICA CORP SER 02	$2,560	$2,636
BANK OF AMERICA CORP 4.125% PFD SER PP	$3,876	$2,985
BANK OF AMERICA CORP 4.250% PFD SER QQ	$3,868	$4,185
BANK OF AMERICA CORP 4.375% PFD SER NN	$5,892	$5,302
BANK OF AMERICA CORP 4.750% PFD SER SS	$3,184	$2,995
BANK OF AMERICA CORP 5.000% PFD SER LL	$4,232	$3,456
BANK OF AMERICA CORP 5.375% PFD SER KK	$1,721	$1,564
BERKLEY (WR) CORPORATION PFD	$3,126	$2,659
BERKLEY (WR) CORPORATION 4.125% PFD	$3,744	$3,740
BERKLEY (WR) CORPORATION 4.250% PFD	$1,028	$734
CAPITAL ONE FINANCIAL CO 4.250% PFD SER N	$1,974	$2,053
CAPITAL ONE FINANCIAL CO 4.800% PFD SER J	$3,138	$2,289
CAPITAL ONE FINANCIAL CO 5.000% PFD SER I	$4,074	$3,024
CHARLES SCHWAB CORP 4.450% PFD SER J	$3,532	$3,044
CHARLES SCHWAB CORP 5.950% PFD SER D	$1,754	$1,732
CITIZENS FINANCIAL GROUP 5.000% PFD SER E	$3,807	$2,824
CITIZENS FINANCIAL GROUP 7.375% PFD	$2,164	$2,236
CMS ENERGY CORP PFD CUSIP: 125896860	$1,979	$1,673
CMS ENERGY CORP PFD CUSIP: 125896845	$2,980	$2,776
COREBRIDGE FINANCIAL INC 6.375% PFD	$3,831	$3,900
DTE ENERGY CO 4.375% PFD CUSIP: 233331818	$2,385	$1,962
DTE ENERGY CO 5.250% PFD SER E	$967	$815
DUKE ENERGY CORP PFD CUSIP: 26441C402	$993	$874
ENTERGY ARKANSAS LLC PFD	$2,292	$2,102
ENTERGY LOUISIANA LLC 4.875% PFD	$775	$761
EQUITABLE HOLDINGS INC 4.300% PFD SER C	$2,197	$2,124
FIFTH THIRD BANCORP 4.950% PFD SER K	$3,500	$2,999
FIRST HORIZON CORP 4.700% PFD SER F	$1,148	$821
GEORGIA POWER CO 5.000% PFD SER 2017	$1,987	$1,598
GLOBE LIFE INC 4.250% PFD	$1,117	$693
HARTFORD FINL SVCS GRP 6.000% PFD SER G	$1,006	$899
HUNTINGTON BANCSHARES 4.500% PFD SER H	$2,635	$2,250
HUNTINGTON BANCSHARES 6.875% PFD SER J	$6,227	$6,481
JPMORGAN CHASE & CO 4.200% PFD SER MM	$2,330	$2,059
JPMORGAN CHASE & CO 4.550% PFD SER JJ	$4,367	$3,541
JPMORGAN CHASE & CO 4.625% PFD SER LL	$1,085	$1,062
JPMORGAN CHASE & CO 4.750% PFD SER GG	$2,783	$2,477
JPMORGAN CHASE & CO 5.750% PFD SER DD	$1,556	$1,661
JPMORGAN CHASE & CO 6.000% PFD SER EE	$1,984	$1,832
KEYCORP 5.625 PFD SER G	$1,103	$853
KEYCORP 6.125% PFD SER E	$5,434	$4,517
KEYCORP 6.200% PFD	$3,105	$3,366
M&T BANK CORPORATION 5.625% PFD SER H	$2,139	$2,143
M&T BANK CORPORATION 7.500% PFD SER J	$2,159	$2,289
METLIFE INC 4.750% PFD SER F	$6,375	$5,392
MORGAN STANLEY CUSIP: 61747S504	$1,544	$1,499
MORGAN STANLEY SER E	$5,952	$5,197
MORGAN STANLEY 4.250% PFD SER O	$6,252	$5,670
MORGAN STANLEY 4.875% PFD SER L	$1,056	$839
MORGAN STANLEY 5.850% PFD SER K	$3,529	$2,994
MORGAN STANLEY 6.500% PFD SER P	$1,012	$1,003
MORGAN STANLEY 6.625% PFD SER Q	$2,190	$2,253
MORGAN STANLEY 6.875% PFD	$2,053	$1,839
NEXTERA ENERGY CAPITAL PFD SER N	$6,428	$5,290
NORTHERN TRUST CORP 4.700% PFD SER E	$2,978	$2,676
PRUDENTIAL FINANCIAL INC PFD	$2,491	$2,253
PRUDENTIAL FINANCIAL INC 4.125% PFD	$2,071	$1,519
PRUDENTIAL FINANCIAL INC 5.950% PFD	$2,086	$2,042
PUBLIC STORAGE 5.150% PFD SER F	$1,981	$1,683
REGIONS FINANCIAL CORP 4.450% PFD SER E	$2,175	$1,564
REGIONS FINANCIAL CORP 5.700% PFD SER C	$983	$873
REGIONS FINANCIAL CORP 6.950% PFD	$3,505	$3,674
REINSURANCE GRP OF AMER 7.125% PFD	$2,006	$2,012
SOUTHERN CO PFD	$1,164	$967
SOUTHERN CO PFD SER 2020	$2,133	$1,987
STATE STREET CORP 5.350% PFD SER G	$1,799	$1,621
STIFEL FINANCIAL CORP 4.500% PFD SER D	$2,476	$2,449
STIFEL FINANCIAL CORP 5.200% PFD	$928	$736
STIFEL FINANCIAL CORP 6.125% PFD SER C	$974	$892
TRUIST FINANCIAL CORP 4.750% PFD SER R	$5,145	$4,883
TRUIST FINANCIAL CORP 5.250% PFD	$3,279	$2,802
US BANCORP SER B	$2,218	$2,271
US BANCORP 3.750% PFD SER L	$3,096	$2,481
US BANCORP 4.000% PFD SER M	$5,337	$4,029
US BANCORP 4.500% PFD SER O	$5,543	$4,672
US BANCORP 5.500% PFD SER K	$2,403	$2,398
VOYA FINANCIAL INC 5.350% PFD SER B	$990	$860
WEBSTER FINANCIAL CORP 5.250% PFD SER F	$956	$698
PRINCIPAL FUNDS INC - CAPITAL SECURITIES FUND CLASS #4325	$212,184	$192,594
DIGITAL REALTY TRUST INC 5.200% PFD SER L	$2,788	$2,439
KIMCO REALTY CORP 5.125% PFD SER L	$973	$763
KIMCO REALTY CORP 5.250% PFD SER M	$900	$716
PUBLIC STORAGE 4.000% PFD SER P	$1,672	$1,537
PUBLIC STORAGE 4.000% PFD SER R	$2,039	$1,549
PUBLIC STORAGE 4.625% PFD	$2,426	$1,863
PUBLIC STORAGE 4.750% PFD SER K	$2,752	$2,388
PUBLIC STORAGE 4.875% PFD SER I	$2,081	$1,642
PUBLIC STORAGE 5.050% PFD SER G	$2,134	$1,842
PUBLIC STORAGE 5.600% PFD SER H	$993	$837
GENERAL MOTORS FINANCIAL CO IN MAT 08JAN26 RATE 1.25%	$94,586	$92,091
BANK OF AMERICA CORP MAT 19APR26 RATE 3.5%	$14,887	$14,880
WELLS FARGO & CO MAT 23OCT26 RATE 3%	$14,714	$14,629
AIR LEASE CORP MAT 01APR27 RATE 3.625%	$34,177	$34,150
BP CAP MKTS AMER INC SR GLBL MAT 14APR27 RATE 3.588%	$58,653	$59,116
AT&T INC MAT 01JUN27 RATE 2.3%	$14,384	$14,184
MORGAN STANLEY FR MAT 13APR28 RATE 5.652%	$179,976	$185,262
VMWARE INC MAT 21AUG27 RATE 3.9%	$14,883	$14,873
SIMON PROPERTY GROUP LP MAT 01DEC27 RATE 3.375%	$57,224	$53,416
CVS HEALTH CORP MAT 25MAR28 RATE 4.3%	$58,771	$53,912
GOLDMAN SACHS GP MAT 23APR29 RATE 3.814%	$67,453	$67,840
T-MOBILE USA INC MAT 15APR30 RATE 3.875%	$14,652	$14,236
DUKE ENERGY CORP MAT 01JUN30 RATE 2.45%	$62,655	$57,107
REGENERON PHARMACEUTICALS INC MAT 15SEP30 RATE 1.75%	$62,920	$54,459
SCHWAB CHARLES CORP SR GLBL NT MAT 01DEC31 RATE 1.95%	$115,776	$118,645
DOMINION ENERGY INC SR GLBL A NT 32 MAT 15AUG32 RATE 4.35%	$92,388	$95,352
INTEL CORP MAT 10FEB33 RATE 5.2%	$119,301	$118,491
SIMON PROPERTY GROUP LP MAT 08MAR33 RATE 5.5%	$92,542	$98,255
SEMPRA ENERGY MAT 01AUG33 RATE 5.5%	$64,848	$66,639
JPMORGAN CHASE & CO MAT 23JAN35 RATE 5.336%	$19,986	$20,377
PACCAR FINANCIAL CORP MAT 22MAR34 RATE 5%	$15,713	$15,298
COMMONSPIRIT HEALTH 2024A BD MAT 01DEC34 RATE 5.318%	$95,000	$94,438
HSBC HOLDINGS PLC MAT 12SEP26 RATE 4.292%	$201,136	$201,684
AERCAP IRELAND CAPITAL LIMITED MAT 15OCT27 RATE 4.625%	$151,442	$150,483
MITSUBISHI UFJ FINANCIAL G MAT 07MAR29 RATE 3.741%	$14,800	$14,525
ANHEUSER-BUSCH INBEV WORLDWIDE MAT 01JUN30 RATE 3.5%	$14,605	$14,110
RIO TINTO FINANCE USA PLC MAT 09MAR33 RATE 5%	$15,723	$15,225
ROYAL BANK OF CANADA MAT 01FEB33 RATE 5%	$15,550	$15,060
ADVANCE AUTO PTS INC NT SER B 5.950% 03/09/28 B/E DTD 03/09/23	$3,783	$4,037
ADVANCE AUTO PTS INC NT SER A 5.900% 03/09/26 B/E DTD 03/09/23	$4,000	$4,028
AECOM GTD FXD RT SR NT 5.125% 03/15/27 B/E DTD 02/21/17	$3,144	$2,971
ALUMINUM CO AMER NTS 6.750% 01/15/28 B/E DTD 01/27/98	$4,342	$4,182
AMERICAN AXLE & MFG INC GTD FXD RT NT 6.500% 04/01/27 B/E DTD 10/01/17	$4,013	$3,956
ASBURY AUTOMOTIVE GROUP INC SR NT 4.750% 03/01/30 B/E DTD 09/01/20	$4,119	$3,741
ASBURY AUTOMOTIVE GROUP INC SR NT 4.500% 03/01/28 B/E DTD 09/01/20	$3,795	$3,834
BALL CORP FXD RT SR NT 4.875% 03/15/26 B/E DTD 03/09/18	$2,973	$2,987
BALL CORP SR NT 6.875% 03/15/28 B/E DTD 11/25/22	$2,011	$2,046
BALL CORP SR NT 6.000% 06/15/29 B/E DTD 05/11/23	$4,023	$4,029
BOEING CO SR NT 5.150% 05/01/30 B/E DTD 05/04/20	$3,981	$3,942
BOYD GAMING CORP SR NT 4.750% 12/01/27 B/E DTD 06/01/20	$4,053	$3,867
CARPENTER TECHNOLOGY CORP SR NT 6.375% 07/15/28 B/E DTD 07/24/20	$4,197	$4,000
CARPENTER TECHNOLOGY CORP SR NT 7.625% 03/15/30 B/E DTD 03/16/22	$2,985	$3,073
CCO HLDGS LLC / CCO HLDGS CAP CORP SR NT 4.500% 05/01/32 B/E DTD 05/01/21	$3,760	$3,441
CEDAR FAIR LP / CANADAS WONDERLAND CO / MAGNUM MGMT CORP / MILLENNIUM 5.375	$4,054	$3,957
CELANESE US HLDGS LLC SR NT 6.950% 11/15/33 B/E DTD 08/24/23	$4,223	$4,154
CENTURY CMNTYS INC SR NT 6.750% 06/01/27 B/E DTD 12/01/19	$3,095	$3,002
CHARTER COMMUNICATIONS OPER LLC 5.375% 05/01/47 B/E DTD 11/01/17	$1,571	$1,643
CHEMOURS CO GTD FXD RT SR NT 5.375% 05/15/27 B/E DTD 05/23/17	$3,938	$3,850
CLEVELAND-CLIFFS INC NEW SR GTD NT 5.875% 06/01/27 B/E DTD 12/01/19	$3,061	$2,983
CNF INC SR DEB - 6.700% 05/01/34 B/E DTD 04/30/04	$3,948	$4,166
COMMERCIAL METALS CO SR NT 3.875% 02/15/31 B/E DTD 02/02/21	$3,805	$3,534
COMMERCIAL METALS CO SR NT 4.375% 03/15/32 B/E DTD 01/28/22	$3,650	$3,582
CREDIT ACCEP CORP MICH SR NT 6.625% 03/15/26 B/E DTD 03/15/20	$3,048	$3,000
CROWDSTRIKE HOLDINGS INC 3.000% 02/15/29 B/E DTD 01/20/21	$4,693	$4,551
CROWN AMERS LLC / CROWN AMERS CAP CORP V GTD FXD RT SR NT 4.250% 09/30/26 B/	$3,714	$3,902
CROWN AMERS LLC SR NT 5.250% 04/01/30 B/E DTD 10/01/22	$3,810	$3,893
CROWN CORK & SEAL INC DEB 7.375% 12/15/26 B/E DTD 12/17/96	$4,306	$4,104
DCP MIDSTREAM OPER LP GTD FXD RT SR NT 5.375% 07/15/25 B/E DTD 07/17/18	$3,039	$3,004
DELTA AIR LINES INC DEL NT 7.375% 01/15/26 B/E DTD 06/12/20	$3,131	$3,064
ENACT HLDGS INC 6.250% 05/28/29 B/E DTD 05/28/24	$4,121	$4,074
ENCOMPASS HEALTH CORP SR NT 4.500% 02/01/28 B/E DTD 09/18/19	$4,062	$3,860
ENCOMPASS HEALTH CORP SR NT 4.750% 02/01/30 B/E DTD 09/18/19	$4,111	$3,792
ENLINK MIDSTREAM PARTNERS LP FXD RT SR NT 4.850% 07/15/26 B/E DTD 07/14/16	$3,895	$3,992
FIRSTENERGY CORP FXD RT NTS SER B 3.900% 07/15/27 B/E DTD 06/21/17	$4,000	$3,895
FIRSTENERGY CORP NT SER A 2.050% 03/01/25 B/E DTD 02/20/20	$3,859	$3,974
FLUOR CORP NEW FXD RT SR NT 4.250% 09/15/28 B/E DTD 08/29/18	$4,043	$3,805
FORD MTR CO DEL NT 9.625% 04/22/30 B/E DTD 04/22/20	$4,986	$4,613
FORD MTR CO DEL FXD RT SR NT 4.346% 12/08/26 B/E DTD 12/08/16	$3,860	$3,937
G T E FLORIDA INC FIXED RT DEB SER E 6.860% 02/01/28 B/E DTD 02/01/98	$4,036	$4,090
GENERAL MTRS FINL CO INC SR NT 5.400% 04/06/26 B/E DTD 04/06/23	$4,003	$4,022
GRIFFON CORP SR NT 5.750% 03/01/28 B/E DTD 02/19/20	$4,092	$3,922
H B FULLER CO NT 4.250% 10/15/28 B/E DTD 10/20/20	$4,044	$3,763
HCA INC GTD FXD RT SR NT 5.375% 02/01/25 B/E DTD 01/16/15	$3,008	$3,001
HILLENBRAND INC SR NT 3.750% 03/01/31 B/E DTD 03/03/21	$3,950	$3,496
HILTON DOMESTIC OPER CO INC SR NT 4.875% 01/15/30 B/E DTD 06/20/19	$4,159	$3,837
HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP GTD FXD RT SR NT 4.875%	$6,881	$6,904
HOWMET AEROSPACE INC NT 5.900% 02/01/27 B/E DTD 01/25/07	$4,045	$4,084
L BRANDS INC GTD FXD RT SR NT 6.750% 07/01/36 B/E DTD 06/16/16	$4,662	$4,065
L BRANDS INC FXD RT SR NT 5.250% 02/01/28 B/E DTD 01/23/18	$3,850	$3,938
LAMAR MEDIA CORP SR NT 4.875% 01/15/29 B/E DTD 09/15/20	$4,112	$3,843
LAMAR MEDIA CORP SR NT 3.750% 02/15/28 B/E DTD 07/15/20	$3,581	$3,751
LAREDO PETE INC NEW SR NT 9.750% 10/15/30 B/E DTD 09/25/23	$3,252	$3,163
M/I HOMES INC SR NT 4.950% 02/01/28 B/E DTD 01/22/20	$3,955	$3,864
MACY'S RETAIL HLDGS INC GTD FXD RT SR NT 4.500% 12/15/34 B/E DTD 11/18/14	$2,198	$2,497
MAGALLANES INC SR NT 4.279% 03/15/32 B/E DTD 03/15/23	$3,602	$3,526
MGM RESORTS INTL SR NT 5.500% 04/15/27 B/E DTD 04/10/19	$3,113	$2,981
MGM RESORTS INTL SR NT 6.500% 04/15/32 B/E DTD 04/09/24	$4,068	$3,986
MURPHY OIL USA INC GTD SR NT 4.750% 09/15/29 B/E DTD 09/13/19	$3,790	$3,796
NRG ENERGY INC FXD RT SR NT 5.750% 01/15/28 B/E DTD 07/15/18	$3,845	$3,986
OLIN CORP SR NT 5.625% 08/01/29 B/E DTD 07/16/19	$3,199	$2,917
ONEMAIN FIN CORP 9.000% 01/15/29 B/E DTD 06/22/23	$2,999	$3,184
PACIFIC GAS & ELEC CO SR 1ST MTG BD 5.450% 06/15/27 B/E DTD 06/08/22	$3,995	$4,046
PATTERSON-UTI ENERGY INC GTD FXD RT SR NT 3.950% 02/01/28 B/E DTD 08/01/18	$3,973	$3,825
PBF HLDG CO LLC / PBF FIN CORP SR NT 6.000% 02/15/28 B/E DTD 08/15/20	$1,885	$1,918
PENSKE AUTOMOTIVE GROUP INC SR SUB NT 3.500% 09/01/25 B/E DTD 08/20/20	$4,017	$3,949
PENSKE AUTOMOTIVE GROUP INC SR SUB NT 3.750% 06/15/29 B/E DTD 06/15/21	$3,700	$3,635
PG&E CORP SR SECD NT 5.250% 07/01/30 B/E DTD 06/23/20	$4,174	$3,915
PILGRIMS PRIDE CORP NEW 6.250% 07/01/33 B/E DTD 04/19/23	$3,861	$4,074
PILGRIMS PRIDE CORP NEW SUSTAINABILITY LINKED SR NT 4.250% 04/15/31 B/E DTD	$3,725	$3,686
QVC INC GTD SR SECD NT 5.450% 08/15/34 B/E DTD 08/21/14	$5,101	$3,082
RADIAN GROUP INC 6.200% 05/15/29 B/E DTD 03/04/24	$4,011	$4,106
RANGE RES CORP GTD FXD RT SR NT 4.875% 05/15/25 B/E DTD 11/15/15	$3,018	$2,990
REGAL BELOIT CORP SR NT 6.050% 02/15/26 B/E DTD 02/15/24	$4,019	$4,036
RHP HOTEL PPTYS LP & RHP FIN CORP SR NT 4.750% 10/15/27 B/E DTD 04/15/20	$4,062	$3,869
ROYAL CARIBBEAN CRUISES LTD (DOING BUSINESS AS ROYAL CARIBBEAN GROUP) 3.700%	$3,648	$3,792
SBA COMMUNICATIONS CORP NEW SR NT 3.875% 02/15/27 B/E DTD 08/15/20	$4,041	$3,835
SBA COMMUNICATIONS CORP NEW SR NT 3.125% 02/01/29 B/E DTD 08/01/21	$3,640	$3,611
SEAGATE HDD CAYMAN 5.750% 12/01/34 REG DTD 12/01/15	$3,319	$2,887
SEAGATE HDD CAYMAN D06/01/16 4.875% 06/01/27 B/E DTD 06/01/16	$3,855	$3,941
SERVICE CORP INTL SR NT 5.125% 06/01/29 B/E DTD 05/21/19	$5,127	$4,838
SHEA HOMES LTD PARTNERSHIP / SHEA HOMES FDG CORP SR NT 4.750% 02/15/28 B/E D	$3,893	$3,828
SM ENERGY CO FXD RT SR NTS 6.625% 01/15/27 B/E DTD 08/20/18	$3,028	$2,996
SM ENERGY CO FXD RT SR NT 6.750% 09/15/26 B/E DTD 09/12/16	$4,003	$3,996
SOUTHWESTERN ENERGY CO GTD SR NT 5.375% 02/01/29 B/E DTD 08/01/21	$4,087	$3,940
SPIRIT AEROSYSTEMS INC GTD FXD RT SR NT 3.850% 06/15/26 B/E DTD 06/01/16	$4,046	$3,904
SPRINT CAP CORP NT 6.875% 11/15/28 B/E DTD 11/16/98	$4,210	$4,248
SPRINT CORP GTD FXD RT SR NOTE 7.625% 03/01/26 B/E DTD 02/22/18	$4,231	$4,088
TELEFLEX INC FXD RT SR NT 4.625% 11/15/27 B/E DTD 11/20/17	$3,091	$2,907
TENET HEALTHCARE CORP SR SECD 1ST LIEN NT 6.125% 06/15/30 B/E DTD 06/15/23	$3,750	$3,968
TENET HEALTHCARE CORP SR NT 6.125% 10/01/28 B/E DTD 10/01/22	$3,718	$3,993
TRANSDIGM INC SR SUB NT 5.500% 11/15/27 B/E DTD 05/15/20	$4,068	$3,931
TRI POINTE GROUP INC SR NT 5.700% 06/15/28 B/E DTD 06/10/20	$2,020	$1,987
UNITED RENTALS NORTH AMER INC SR NT 5.250% 01/15/30 REG DTD 05/10/19	$3,700	$3,886
UNITED RENTALS NORTH AMER INC SR NT 4.000% 07/15/30 B/E DTD 02/25/20	$4,057	$3,641
USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP SR NT 6.875% 09/01/27	$3,940	$4,013
WESTERN DIGITAL CORP FXD RT SR NT 4.750% 02/15/26 B/E DTD 02/13/18	$3,818	$3,961
WYNDHAM DESTINATIONS INC SR NT 6.600% 10/01/25 B/E DTD 09/15/15	$3,072	$3,008
YUM BRANDS INC SR NT 4.625% 01/31/32 B/E DTD 04/01/21	$4,114	$3,696
YUM BRANDS INC SR NT 5.375% 04/01/32 B/E DTD 04/01/22	$3,750	$3,874
HCA INC 5.25% 04/15/2025 DTD 10/17/2014	$13,146	$13,013
PHILIP MORRIS INTL INC SR NTS 1.5% 05/01/2025 DTD 05/01/2020	$8,015	$7,914
ALTRIA GROUP INC 2.35% 05/06/2025 DTD 05/06/2020	$10,292	$10,906
$ TREE INC SR NTS 4.0% 05/15/2025 DTD 04/19/2018	$13,836	$13,948
BOSTON SCIENTIFIC CORP SR NTS 1.9% 06/01/2025 DTD 05/18/2020	$15,477	$15,813
MORGAN STANLEY SR NTS MTN 4.0% 07/23/2025 DTD 07/23/2015	$16,246	$15,934
OCCIDENTAL PETRLM COR SR NTS 5.5% 12/01/2025 DTD 12/22/2020	$7,913	$8,022
AON PGLOBAL LTD 3.875% 12/15/2025 DTD 03/01/2016	$16,378	$15,879
GEN MOTORS FINL CO SR NTS 2.9% 02/26/2025 DTD 01/09/2020	$14,624	$14,946
TYSON FOODS INC SR NTS 4.0% 03/01/2026 DTD 02/19/2019	$16,460	$15,876
ORACLE CORP SR NTS 1.65% 03/25/2026 DTD 03/24/2021	$19,050	$18,316
PROLOGIS LP SR NTS 3.25% 06/30/2026 DTD 10/06/2022	$15,080	$15,700
SABINE PASS LIQUEFACTION SR NTS 5.875% 06/30/2026 DTD 05/10/2017	$15,809	$15,143
S WESTN ELEC PWR SR NTS 2.75% 10/01/2026 DTD 09/29/2016	$14,282	$13,503
ECOLAB INC SR NTS 2.7% 11/01/2026 DTD 10/18/2016	$17,412	$16,464
BROADCOM CRP / CAYMN FI 3.875% 01/15/2027 DTD 02/14/2018	$16,550	$15,750
COMCAST CORP 3.3% 04/01/2027 DTD 03/27/2020	$16,608	$15,543
OCCIDENTAL PETRLM COR SR NTS 8.5% 07/15/2027 DTD 07/13/2020	$8,576	$8,548
BK OF AMER CORP SR NTS VAR RT 07/22/2027 DTD 04/22/2021	$8,946	$9,533
VMWARE LLC SR NTS 3.9% 08/21/2027 DTD 08/21/2017	$16,753	$15,638
EATON CORP 3.103% 09/15/2027 DTD 09/15/2017	$16,586	$15,408
PACKAGING CORP OF AMERIC SR NTS 3.4% 12/15/2027 DTD 12/13/2017	$16,713	$15,411
CVS HEALTH CORP 4.3% 03/25/2028 DTD 03/09/2018	$17,328	$16,471
GEN DYNAMICS CORP 3.75% 05/15/2028 DTD 05/11/2018	$16,984	$15,528
GOLDMAN SACHS GROUP INC SR NTS VAR RT 06/05/2028 DTD 06/05/2017	$17,841	$16,511
L3HARRIS TECH INC SR NTS 4.4% 06/15/2028 DTD 05/01/2020	$17,146	$15,719
NORFOLK SOUTHN CORP SR NTS 3.8% 08/01/2028 DTD 08/02/2018	$18,582	$17,436
CONSTELLATION BRANDS INC 4.65% 11/15/2028 DTD 10/29/2018	$17,398	$15,823
SPRINT CAP CORP 6.875% 11/15/2028 DTD 11/16/1998	$9,301	$9,553
WELLS FARGO & CO SR NTS MTN 4.15% 01/24/2029 DTD 01/24/2019	$17,177	$15,512
CAMDEN PPTY TR SR NTS 3.15% 07/01/2029 DTD 06/17/2019	$17,645	$15,790
BK OF AMER CORP SR NTS MTN VAR RT 07/23/2029 DTD 07/23/2018	$17,283	$15,588
PAYPAL HOLDINGS INC SR NTS 2.85% 10/01/2029 DTD 09/26/2019	$11,381	$10,057
THERMO FISHER SCIENTIFIC SR NTS 2.6% 10/01/2029 DTD 10/08/2019	$7,293	$7,274
CROWN CASTLE INC SR NTS 3.1% 11/15/2029 DTD 08/15/2019	$17,499	$15,467
PNC FINL SERVICES SR NTS 2.55% 01/22/2030 DTD 01/22/2020	$18,259	$15,985
AMERN EXPRESS CO SR NTS VAR RT 04/25/2030 DTD 04/25/2024	$16,377	$16,291
VULCAN MATERIALS CO SR NTS 3.5% 06/01/2030 DTD 05/18/2020	$16,847	$14,830
LINDE INC/CT 1.1% 08/10/2030 DTD 08/10/2020	$12,081	$10,743
ALLSTATE CORP SR NTS 1.45% 12/15/2030 DTD 11/24/2020	$17,913	$15,470
REP SERVICES INC SR NTS 1.45% 02/15/2031 DTD 08/20/2020	$19,309	$17,032
BRISTOL-MYERS SQUIBB CO SR NTS 5.1% 02/22/2031 DTD 02/22/2024	$16,266	$16,103
FDLTY NATL INFO SERV SR NTS 2.25% 03/01/2031 DTD 03/02/2021	$17,929	$15,254
LOWE'S COS INC SR NTS 2.625% 04/01/2031 DTD 03/31/2021	$18,180	$15,634
VERISIGN INC SR NTS 2.7% 06/15/2031 DTD 06/08/2021	$7,589	$7,716
BLACKROCK INC SR NTS 2.1% 02/25/2032 DTD 12/10/2021	$8,840	$8,235
MONDELEZ INTL SR NTS 3.0% 03/17/2032 DTD 03/17/2022	$11,349	$11,281
AMAZON.COM INC SR NTS 3.6% 04/13/2032 DTD 04/13/2022	$9,329	$9,256
TAKE-TWO INTERACTIVE SOF SR NTS 4.0% 04/14/2032 DTD 04/14/2022	$15,475	$15,690
CLOROX CO SR NTS 4.6% 05/01/2032 DTD 05/11/2022	$15,107	$15,644
META PLATFORMS INC SR NTS 3.85% 08/15/2032 DTD 12/28/2022	$13,759	$13,940
CHURCH & DWIGHT CO INCSR NTS 5.6% 11/15/2032 DTD 11/02/2022	$14,440	$14,427
T-MOBILE USA INC 5.2% 01/15/2033 DTD 09/15/2022	$9,048	$8,909
MORGAN STANLEY SR NTS MTN VAR RT 01/21/2033 DTD 01/24/2022	$10,168	$10,281
HONEYWELL INTL SR NTS 5.0% 02/15/2033 DTD 11/02/2022	$16,219	$15,914
WILLIAMS COMPANIES INC SR NTS 5.65% 03/15/2033 DTD 03/02/2023	$7,220	$7,062
UNITEDHEALTH GROUP INC SR NTS 4.5% 04/15/2033 DTD 03/28/2023	$12,691	$12,334
BLACKROCK INC SR NTS 4.75% 05/25/2033 DTD 05/25/2023	$6,958	$6,854
ST STR CORP SR NTS VAR RT 08/04/2033 DTD 08/04/2022	$7,501	$7,465
MCDONALD'S CORP SR NTS 4.95% 08/14/2033 DTD 08/14/2023	$18,766	$18,843
BP CAP MARKETS AMER 4.893% 09/11/2033 DTD 05/11/2023	$7,884	$7,739
INTUIT INC SR NTS 5.2% 09/15/2033 DTD 09/15/2023	$15,260	$15,030
BK OF NY MELLON CORP SR NTS MTN VAR RT 10/25/2033 DTD 10/25/2022	$9,286	$9,321
KIMCO RLTY OP LLC 6.4% 03/01/2034 DTD 10/12/2023	$8,683	$8,513
ENTERGY AR LLC 5.45% 06/01/2034 DTD 05/10/2024	$15,111	$15,201
TORONTO-DOMINION BK SR NTS MTN 4.456% 06/08/2032 DTD 06/08/2022	$9,863	$9,475
BLACKROCK HIGH YIELD-K	$621,425	$633,656
PIMCO INCOME FUND-INS	$171,690	$155,011
VANGUARD TOTAL BOND MARKET	$5,766,021	$5,090,509
VANGUARD MORTGAGE-BACKED SEC	$2,096,444	$1,905,822
VANGUARD INT-TERM CORPORATE	$303,794	$306,792

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (283 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACUSHNET HOLDINGS CORP	$33,125	$48,114
ASBURY AUTOMOTIVE GROUP INC	$30,764	$28,678
AUTOZONE INC	$40,721	$41,626
FLOOR & DCOR HOLDINGS INC	$34,367	$33,499
LCI INDUSTRIES	$24,647	$19,747
LIBERTY BROADBAND CORP	$37,902	$31,698
LIBERTY MEDIA CORP-LIBERTY FOR	$36,298	$40,029
LITHIA MOTORS INC CL A COM	$33,089	$31,811
LOWES COS INC	$38,076	$53,802
ROSS STORES INC	$48,009	$61,567
ROSS STORES INC	$70,909	$75,030
SERVICE CORP INTL	$36,923	$42,943
THOR INDS INC	$39,091	$33,020
WALT DISNEY CO	$48,499	$51,889
BROWN FORMAN CORP CL B	$24,420	$22,598
COCA COLA CO	$22,008	$27,519
CONSTELLATION BRANDS INC	$38,713	$33,592
DOLLAR TREE INC	$33,458	$37,995
KEURIG DR PEPPER INC	$45,019	$42,431
MONDELEZ INTERNATIONAL INC	$39,530	$39,302
PHILIP MORRIS INTERNATIONAL IN	$29,668	$41,400
SYSCO CORP	$54,855	$53,751
CHEVRON CORP	$24,074	$36,210
ARTISAN PARTNERS ASSET MANAGEM	$26,119	$27,423
BANCFIRST CORP	$20,361	$24,842
BERKLEY W R CORP	$40,190	$41,081
BERKLEY W R CORP	$20,037	$33,064
BROWN & BROWN INC	$72,699	$67,639
CULLEN FROST BANKERS INC COM	$16,431	$15,842
FACTSET RESH SYS INC COM	$23,943	$31,698
FIRST HAWAIIAN INC	$37,347	$33,865
GLACIER BANCORP INC MONTANA	$18,181	$16,221
GLOBAL PMTS INC W/I	$59,108	$34,402
HENRY JACK & ASSOC INC COM	$13,985	$15,076
MARSH & MCLENNAN COS INC	$24,018	$45,031
MOELIS & CO	$34,423	$47,135
MOELIS & CO	$28,791	$28,074
PRIMERICA INC	$51,656	$72,198
RLI CORP COM	$20,794	$26,702
STATE STREET CORP	$22,689	$29,347
US BANCORP	$45,190	$43,717
ABBOTT LABS	$29,545	$34,272
AMGEN INC	$33,342	$37,272
BAXTER INTL INC	$26,032	$19,858
CENCORA INC	$26,685	$55,271
CORVEL CORP	$43,815	$62,083
JOHNSON & JOHNSON	$44,329	$40,060
LABCORP HOLDINGS INC	$41,174	$39,443
THERMO FISHER SCIENTIFIC INC	$46,354	$52,023
UNITEDHEALTH GROUP INC	$43,341	$63,233
WATERS CORP	$36,477	$35,614
ARMSTRONG WORLD INDUSTRIES INC	$27,389	$25,298
CARLISLE COS INC	$59,526	$48,687
COPART INC COM	$58,401	$58,136
DONALDSON CO INC	$11,700	$12,123
EMCOR GROUP INC COM	$13,825	$55,376
EXPEDITORS INTL WASH INC	$20,269	$18,499
FTI CONSULTING INC COM	$50,877	$63,073
GRACO INC	$33,984	$37,846
GRACO INC	$13,791	$13,065
GRAINGER W W INC	$14,361	$40,054
K.FORCE, INC.	$9,435	$8,675
KADANT INC	$35,513	$44,159
LANDSTAR SYS INC COM	$46,951	$45,199
PACCAR INC	$58,777	$53,154
RBC BEARINGS INC	$29,447	$37,991
SIMPSON MFG INC COM	$53,595	$70,809
TORO CO	$58,838	$51,504
UFP INDUSTRIES INC	$34,286	$35,147
UNITED PARCEL SERVICE-CL B	$48,775	$31,399
WATTS WATER TECHNOLOGIES INC	$36,147	$46,556
AMPHENOL CORP CL A	$54,989	$52,643
ARISTA NETWORKS INC	$39,283	$44,654
ASPEN TECHNOLOGY INC	$18,110	$22,467
CDW CORP/DE	$47,880	$46,121
CLEARWATER ANALYTICS HLDGS INC	$22,881	$26,997
GARTNER INC	$91,833	$82,844
MANHATTAN ASSOCIATES, INC COM	$21,115	$33,780
MICROCHIP TECHNOLOGY INC COM	$48,880	$38,482
MICROCHIP TECHNOLOGY INC COM	$30,080	$26,094
MKS INSTRS INC	$33,403	$31,004
TELEDYNE TECHNOLOGIES INC	$32,525	$32,489
AIR PRODS & CHEMS INC COM	$25,374	$32,484
AIA GROUP LTD-SP	$14,144	$9,165
AIR LIQUIDE - ADR SPONSORED ADR	$15,096	$16,835
AKZO NOBEL N.V.	$10,119	$8,878
AMADEUS IT GROUP, S.A.	$28,834	$27,722
ARCH CAPITAL GROUP LTD	$105,745	$97,706
ASTRAZENECA PLC	$6,200	$5,831
BANCO BRADESCO S A SPONSORED ADR REPSTG PFD SHS NEW 2004	$6,189	$4,393
BARCLAYS PLC - ADR SPONSORED ADR	$12,739	$13,503
BNP PARIBAS - ADR	$26,302	$26,156
BRITISH AMERICAN TOBACCO PLC - ADR	$12,920	$14,528
BROOKFIELD ASSET MANAGEMENT LT	$33,389	$32,189
CAPGEMINI SE	$4,572	$3,376
CLP HOLDINGS LIMITED - ADR SPONSORED ADR	$5,473	$6,086
COMPAGNIE FINANCIERE RICHEMONT SA	$13,954	$13,510
CSL LIMITED	$14,524	$14,272
DAIICHI SANKYO COMPANY LIMITED	$9,483	$8,487
DAIKIN INDUSTRIES LTD	$26,407	$16,340
DIAGEO PLC - ADR	$22,524	$17,925
ENI SPA - ADR	$18,263	$17,483
FUJITSU LIMITED - ADR SPONSORED ADR	$21,163	$25,304
GLENCORE PLC	$18,306	$14,169
HDFC BANK LTD. - ADR	$23,576	$23,181
HEINEKEN N V	$13,423	$9,977
HITACHI LIMITED - ADR SPONSORED ADR	$16,378	$30,121
IBERDROLA S.A.	$10,630	$11,910
ING GROEP N.V. - ADR	$10,170	$8,948
INTERCONTINENTAL HOTELS GROUP PLC	$10,696	$17,614
KDDI CORPORATION	$18,016	$17,638
KUBOTA LIMITED - ADR SPONSORED ADR	$9,930	$7,747
LONDON STOCK EXCHCHANGE GROUP PLC	$20,952	$26,446
LVMH MOET HENNIESSY UNSP ADR - ADR SPONSORED ADR	$32,032	$24,178
MEDTRONIC, PLC	$49,405	$38,183
MICHELIN (CGDE) ADR	$5,876	$6,327
MITSUBISHI ELECTRIC CORPORATION	$4,143	$4,270
MITSUBISHI UFJ FINL GROUP INC	$15,154	$24,460
NATWEST GROUP PLC	$17,792	$25,161
NESTLE S.A. REGISTERED SHARES - ADR SPONSORED ADR	$28,397	$20,017
NEW LINDE PLC	$28,443	$30,982
NINTENDO CO., LTD - ADR SPONSORED ADR	$10,549	$12,582
NOVO NORDISK A/S - ADR SPONSORED ADR	$10,144	$19,096
QIAGEN N.V.	$9,547	$9,396
RENESAS ELECTRONICS CORP ADR	$6,222	$4,301
RIGHTMOVE PLC	$32,298	$33,022
RIO TINTO PLC - ADR SPONSORED ADR	$4,396	$3,940
ROCHE HOLDINGS LTD - ADR	$30,115	$26,369
RYANAIR HOLDINGS PLC	$7,096	$7,192
SANOFI-AVENTIS	$23,357	$22,186
SCHNEIDER ELECTRIC SE.	$19,471	$32,018
SEVEN & I HOLDINGS CO., LTD	$9,741	$10,571
SHIN-ETSU CHEMICAL CO	$7,501	$6,509
SMC CORPORATION	$7,048	$5,465
SOFTBANK GROUP CORP	$11,709	$13,661
SYMRISE AG	$18,017	$19,200
TAIWAN SEMICONDUCTOR MANUFACTU - ADR SPONSORED ADR	$19,925	$34,956
TECHTRONIC INDUSTRIES COMPANY - ADR SPONSORED ADR	$10,294	$13,122
TOTALENERGIES SE	$23,504	$21,092
TOYOTA MOTOR CORPORATION - ADR SPONSORED ADR	$11,684	$11,482
UBS GROUP AG	$21,645	$31,927
WOODSIDE ENERGY GROUP LTD	$11,884	$8,783
ZURICH INSURANCE GROUP	$27,622	$34,292
ISHARES CORE S & P 500 ETF	$3,249,486	$4,479,266
ISHARES RUSSELL MID-CAP ETF	$973,504	$1,022,876
ISHARES RUSSELL 1000 GROWTH ETF	$1,980,103	$2,027,176
ISHARES CORE MSCI EAFE ETF	$780,098	$806,955
EATON VANCE FLOATING RATE FUND CLASS I	$462,893	$462,893
GMO OPPORTUNISTIC INCOME FUND CLASS I	$515,004	$513,482
PRINCIPAL SPECTRUM PREFERRED AND CAPITAL SECUTITIES INCOME FUND INST CLASS	$341,180	$339,217
VICTORY TRIVALENT INTERNATIONAL SMALL-CAP FUND CLASS I	$408,563	$385,776
ISHARES TR INTER GOVT CR BD ETF	$727,523	$723,773
SPDR SER TR S&P 600 SMALL CAP GROWTH ETF	$199,962	$249,366
SPDR SER TR S&P 400 MID CAP GROWTH ETF	$299,902	$383,185
VANGUARD INDEX FDS S&P 500 ETF SHS NEW	$6,277,958	$8,454,468
VANGUARD INDEX FDS VANGUARD EXTENDED MKT ETF	$1,532,485	$1,740,787
ADYEN N V ADR	$27,514	$32,501
AON PLC REGISTERED SHS CL A ISIN#IE00BLP1HW54	$20,392	$23,705
ARCH CAPITAL GROUP LTD SHS ISIN#BMG0450A1053	$29,411	$41,373
ASM INTERNATIONAL NV NY REGISTERED SHS	$15,717	$26,750
ASML HLDG NV NY REGISTRY SHS NEW 2012	$34,123	$33,961
ASTRAZENECA PLC SPONSORED ADR ISIN#US0463531089	$44,776	$42,981
ATLASSIAN CORP CL A	$18,525	$33,830
BAE SYS PLC SPONSORED ADR ISIN#US05523R1077	$28,863	$31,609
CANADIAN NATURAL RES LTD ISIN#CA1363851017	$24,329	$24,017
CANADIAN PACIFIC KANSAS CITY LTD ISIN#CA13646K1084	$40,329	$38,650
COMPASS GROUP PLC SPONSORED ADR NEW JUNE 2017	$26,710	$31,507
COUPANG INC CL A	$29,988	$34,487
EXPERIAN PLC SPON ADR	$21,463	$22,946
FERGUSON ENTERPRISES INC COM	$20,584	$25,341
FERRARI NV SHS ISIN#NL0011585146	$28,916	$55,083
ICICI BANK LTD ADR ISIN#US45104G1040	$24,629	$33,025
ICON PLC LTD SHS ISIN#IE0005711209	$50,086	$43,410
LINDE PLC NEW SHS ISIN#IE000S9YS762	$26,782	$34,331
MEITUAN ADR REPSTG 2 CL B SHS ISIN#US58533E1038	$56,625	$45,408
MERCADOLIBRE INC COM	$21,692	$25,507
MITSUBISHI HEAVY IND LTD ADR ISIN#US6067934041	$37,789	$42,110
MONDAY COM LTD REGISTERED SHS ISIN#IL0011762130	$26,333	$29,195
NOVO NORDISK A.S. ADR FORMERLY NOVO INDUSTRIE A.S. ADR	$37,898	$60,042
NU HOLDINGS LIMITED REGISTERED SHS-A-ISIN#KYG6683N1034	$25,706	$24,056
ROLLS ROYCE HLDGS PLC SPONS ADR ISIN US7757812067	$44,957	$43,753
SAFRAN SA ADR ISIN#US7865841024	$49,340	$56,244
SAP SE SPONSORED ADR ISIN#US8030542042	$55,853	$54,905
SCHINEIDER UNSP ADR SHS UNSPONSORED AMERICAN DEPOSIT RCP	$22,240	$34,202
SEA LTD ADR ISIN#US81141R1005	$40,125	$57,506
SIEMENS ENERGY AG ADR	$36,535	$38,179
SPOTIFY TECHNOLOGY SA REGISTERED SHS ISIN#LU1778762911	$33,980	$52,343
STERIS PLC REGISTERED SHS ISIN#IE00BFY8C754	$35,889	$33,095
TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR ISIN#US8740391003	$54,301	$75,441
UBS GROUP AG SHS ISIN#CH0244767585	$27,017	$26,742
WASTE CONNECTIONS INC COM ISIN#CA94106B1013	$18,464	$22,636
3I GROUP PLC ADR ISIN#US88579N1054	$40,319	$46,556
AIA GROUP LTD SPONSORED ADR ISIN#US0013172053	$43,219	$33,402
AKBANK TURK ANONIM SIRKETI ADR	$26,745	$26,603
ALIBABA GROUP HLDG LTD SPONSORED ADR ISIN#US01609W1027	$116,120	$65,458
ANGLO AMERN PLC SPONSORED ADR ISIN#US03485P3001	$32,202	$28,143
ASE INDL HLDG CO LTD SPONSORED ADR ISIN#US00215W1009	$54,121	$67,741
BDO UNIBANK INC SPONS ADR ISIN#US05537Y3045	$32,560	$32,972
BIDVEST GROUP LTD SPON ADR 2008	$21,665	$19,993
CAPITEC BK HLDGS LTD ADR ISIN#US14056U1079	$16,682	$30,448
CEMEX SA DE CV SPONSOR ADR NEW REP ORD PARTN CTF NEW FOR A & B SHS ISIN#US15	$21,552	$15,961
CHINA MERCHANTS BK CO LTD ADR ISIN#US16950T1025	$25,067	$25,556
CREDICORP LTD COM ISIN#BMG2519Y1084	$16,126	$19,432
EFG EUROBANK ERGASIAS SVCS & HLDGS SA ADR ISIN#US29873D1046	$20,311	$18,617
FOMENTO ECONOMICO MEX S A B DE C V NEW ISIN#US3444191064	$17,841	$11,199
FREEPORT-MCMORAN INC CL B	$56,014	$55,673
GALAXY ENTMT GROUP LTD ADR ISIN#US36318L2034	$25,842	$18,912
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA ADR ISIN#US3924831031	$16,134	$15,822
GRUPO FINANCIERO BANORTE SAB DE CV ADR ISIN#US40052P1075	$30,373	$23,240
HDFC BK LTD ADR REPSTG 3 SHS	$88,182	$82,507
HIMAX TECHNOLOGIES INC SPONS ADR	$18,109	$23,879
ICICI BK LTD ADR ISIN#US45104G1040	$55,616	$78,084
INDL & COMM BK CHINA ADR ISIN#US4558071076	$59,679	$88,418
INFOSYS LTD SPONSORED ADR REPSTG EQUITY SHS ISIN#US4567881085	$56,683	$71,393
KB FINL GROUP INC SPONSORED ADR REPSTG 1 COM SH ISIN#US48241A1051	$41,394	$59,347
KOSMOS ENERGY LTD COM	$29,063	$16,556
KT CORP SPON ADR	$40,831	$46,001
MAKEMYTRIP LIMITED MAURITIUS SHS	$40,483	$62,877
MERCADOLIBRE INC COM	$23,767	$30,608
NATIONAL BK GREECE S A SPONSORED ADR ISIN#US6336438790	$17,213	$14,849
NETEASE INC SPONSORED ADR ISIN#US64110W1027	$17,959	$16,236
NU HOLDINGS LIMITED REGISTERED SHS-A- ISIN#KYG6683N1034	$19,602	$19,477
PDD HOLDINGS INC SPONS ADR ISIN#US7223041028	$32,188	$21,532
PERNOD RICARD SA SPONSORED ADR ISIN#US7142643060	$36,773	$23,739
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	$26,707	$24,678
PT BK CENT ASIA TBK ADR ISIN#US69368G1058	$19,061	$22,763
PT BK MANDIRI PERSERO TBK ADR ISIN#US69367U1051	$26,678	$23,664
SHINHAN FINL GROUP CO LTD SPONSORED ADR	$19,184	$15,684
SHOPRITE HLDGS LTD SPONSORED ADR ISIN#US82510E2090	$19,561	$21,662
TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR ISIN#US8740391003	$141,725	$230,471
TECHTRONIC IND LTD SPON ADR	$15,202	$20,536
TENCENT HLDGS LTD ADR ISIN#US88032Q1094	$106,071	$121,889
TRIP COM GROUP LTD ADS ISIN#US89677Q1076	$16,258	$44,148
UNILEVER PLC SPON ADR NEW ISIN#US9047677045	$26,694	$29,768
VESTA REAL ESTATE CORP ADS ISIN#US92540K1097	$35,565	$25,037
YUM CHINA HLDGS INC COM	$49,686	$41,523
ITAU UNIBANCO HLDS SA NS SPONSORED ADR REPSTG 500 PFD ISIN#US4655621062	$30,234	$25,172
ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4BNMY34	$49,500	$55,583
AIA GROUP LTD SPONSORED ADR ISIN#US0013172053	$36,917	$24,151
AKZO NOBEL NV SPONSORED ADR NEW ISIN#US0101995035	$52,235	$28,369
ALCON SA ACT NOM ISIN#CH0432492467	$39,721	$44,387
ASHTEAD GROUP PLC ADR ISIN#US0450551009	$56,787	$48,656
ASSA ABLOY AB ADR ISIN#US0453871073	$40,655	$40,537
BROOKFIELD CORP VTG SHS CL A ISIN#CA11271J1075	$48,400	$71,014
CAMECO CORP COM ISIN#CA13321L1085	$24,200	$62,336
COCA-COLA EUROPACIFIC PARTNERS PLC ISIN#GB00BDCPN049	$39,269	$49,312
CREDICORP LTD COM ISIN#BMG2519Y1084	$31,146	$47,113
DAIKIN INDS LTD ADR ISIN#US23381B1061	$39,218	$29,842
DBS GROUP HLDGS LTD SPONS ADR	$37,480	$55,313
DIAGEO PLC SPONSORED ADR NEW ISIN#US25243Q2057	$46,792	$45,131
DSM-FIRMENICH AG SPONSORED ADR	$43,968	$41,422
ERSTE BK GROUP AG SPONS ADR REPSTG 1/2 SH ISIN#US2960363040	$43,695	$64,840
EXPERIAN PLC SPON ADR	$36,572	$38,671
FANUC CORPORATION ADR ISIN#US3073051027	$48,241	$30,188
GSK PLC SPONSORED ADR NEW	$39,868	$33,719
HALEON PLC ADR ISIN#US4055521003	$36,313	$46,078
HEINEKEN NV SPONS ADR LEVEL 1 ISIN#US4230123014	$40,348	$25,474
ING GROEP NV ADR	$54,564	$62,257
KUBOTA CORP ADR FORMERLY KUBOTA LTD ADR	$41,387	$25,783
LVMH MOET HENNESSY LOUIS VUITTON ADR ISIN#US5024413065	$46,803	$36,724
MAGNA INTERNATIONAL INC COM ISIN#CA5592224011	$44,484	$24,322
MICHELIN COMPAGNIE GENERALE DES ESTABLISHMENTS ADR ISIN#US59410T1060	$54,415	$45,286
MONOTARO CO LTD ADR ISIN#US61022V1070	$48,127	$53,183
MUNICH RE GROUP ADR ISIN#US6261881063	$24,608	$45,190
NIDEC CORP SPONS ADR	$48,092	$17,260
OTSUKA HLDGS CO LTD ADR ISIN#US6891641010	$34,679	$51,642
PAN PAC INTL HLDGS CORP ADR ISIN# US69807K1051	$40,293	$58,953
RENTOKIL INITIAL PLC SPONS ADR ISIN#US7601251041	$43,305	$28,637
ROCHE HLDGS LTD SPONSORED ADR ISIN#US7711951043	$43,073	$47,786
SAFRAN SA ADR ISIN#US7865841024	$36,475	$59,242
SONY GROUP CORP AMERN SH NEW ISIN#US8356993076	$61,561	$63,692
SYMRISE AG ADR ISIN#US87155N1090	$46,511	$37,766
TOTALENERGIES SE SPONS ADR ISIN#US89151E1091	$30,527	$33,354
UNILEVER PLC SPON ADR NEW ISIN#US9047677045	$33,715	$34,474
CONSUMER STAPLES SPDR	$118,957	$135,759
CONSUMER DISCRETIONARY SELT	$271,595	$371,075
ENERGY SELECT SECTOR SPDR	$113,542	$142,453
FIDELITY 500 INDEX FUND	$1,782,025	$2,609,841
FINANCIAL SELECT SECTOR SPDR	$345,355	$518,484
HEALTH CARE SELECT SECTOR	$298,928	$346,952
INDUSTRIAL SELECT SECT SPDR	$177,996	$239,803
VANGUARD INFO TECH ETF	$605,234	$1,046,489
VANGUARD COMMUNICATION SERVICES ETF	$263,286	$356,098

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$9,954,270	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$9,258,803	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$35,240	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$34,828	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
EQT INFRASTRUCTURE V PRIVATE INVESTORS OFFSHORE SICAV-RAIF S.C.SP - CL A	AT COST	$211,921	$257,474
VP DISLOCATION FUND II PRIVATE INVESTORS OFFSHORE LP - CL A	AT COST	$948,825	$954,275

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$115	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$115	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (6 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACCRUED DIVIDENDS	$11,967	$16,887	$16,887
ACCRUED INTEREST & BOND PREMIUM AMORTIZATION CARRYOVER	$4,216	$3,218	$3,218
PENDING ADJUSTMENTS TO COST BASIS	-$22,913	-$21,312	-$21,312
YE PENDING AMORTIZATION	$2,200	$1,637	$1,637
DUE FROM RELATED ENTITIES	$0	$17,560	$17,560
DUE FROM OFFICER	$0	$84,528	$84,528

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
SOFTWARE EXPENSE	$198	$0	$198
MISCELLANEOUS EXPENSES	$234	$0	$234
OFFICE SUPPLIES	$66	$0	$66
BUSINESS LICENSES AND PERMIT	$90	$0	$90
DUES AND SUBSCRIPTIONS	$314	$0	$314
INSURANCE EXPENSE	$20	$0	$20
BANK SERVICE CHARGES	$174	$0	$174

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
PFIC INC FROM EQT INFRASTRUCTURE V PRIVATE INVESTORS OFFSHORE SICAVRAIF CL A	$0	$0	$0
PFIC INCOME FROM VP DISLOCATION FUND II PRIVATE INVESTORS OFFSHORE LP - CL A	$138,567	$138,567	$138,567
CITI 1099-MISC OTHER INCOME	$10	$10	$10

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	PAYROLL LIABILITIES - 401(K) WITHHOLDINGS	Desc
BOY Book Value	$0	BOYBookValueAmt
EOY Book Value	$1,382	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT SERVICE CHARGES	$225,927	$225,927	$0
PAYROLL PROCESSING EXPENSES	$2,759	$0	$2,759

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAXES ON INVESTMENT INCOME	$25,000	$25,000	$0
FOREIGN TAX WITHHELD ON INVESTMENT INCOME	$19,532	$19,532	$0
PAYROLL TAXES	$12,892	$0	$12,892