| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 130,000 Burr Ridge Ill Pk Go 1.850% 11/01/2031 | 130,000 | 127,983 |
| 100,000 Chino Calif Pub Fing Auth 1.993% 09/01/2027 | 100,000 | 99,483 |
| 100,000 Colorado Hsg & Fin Auth 1.992% 05/01/2029 | 100,000 | 99,145 |
| 100,000 Crestwood Vlg Ill 3.000% 12/15/2027 | 102,207 | 106,809 |
| 100,000 Denver Colo City & Cnt Hsg Auth 3.207% 12/01/2038 | 100,000 | 103,789 |
| 100,000 Great Lakes Wtr Auth Mich 3.506% 07/01/2044 | 100,000 | 105,449 |
| 50,000 Indiana St Fin Auth 3.313% 03/01/2051 | 50,000 | 50,795 |
| 65,000 Jackson Cnty Ala Brd Ed Sch 2.000% 03/01/2029 | 65,452 | 65,330 |
| 50,000 Kentucky Higher Ed Student Ln 5.273% 06/01/2036 | 50,000 | 52,851 |
| 100,000 Madison Cnty Ill Cmnty Unit Sch Dist 1.900% 12/01/2030 | 100,000 | 97,100 |
| 25,000 Massachusetts Edl Fing Auth 4.408% 07/01/2034 | 25,000 | 27,188 |
| 100,000 Massachusetts Edl Fing Auth 3.505% 07/01/2029 | 106,310 | 108,693 |
| 100,000 Montgomery Cnt Pa Ind Dev Auth 2.940% 11/15/2027 | 99,997 | 99,463 |
| 75,000 Naugatuck Conn 2.040% 09/15/2031 | 75,000 | 75,402 |
| 100,000 Oregon St Facs Auth 3.291% 10/01/2040 | 100,000 | 100,828 |
| 100,000 San Jose Calif Arpt 3.040% 03/01/2038 | 100,000 | 101,631 |
| 100,000 Temple Tex 2.300% 08/01/2029 | 100,000 | 102,373 |
| 100,000 Uptown Dev Auth Tex 2.581% 09/01/2031 | 100,000 | 102,841 |
| 100,000 Virginia St Hsg Dev Auth 1.066% 09/01/2025 | 100,000 | 98,498 |
| 50,000 Equinor Asa 3.625% 09/10/2028 | 55,185 | 54,930 |
| 25,000 Fairfax Financial Holdings Ltd 7.750% 07/15/2037 | 34,770 | 34,592 |
| 100,000 Flextronics Intl Ltd 4.875% 05/12/2030 | 114,830 | 114,028 |
| 25,000 American Equity Investment Life Hldg Co 5.000% 06/15/2027 | 28,221 | 28,308 |
| 75,000 Baker Hughes A Ge Co Llc 3.337% 12/15/2027 | 83,185 | 79,941 |
| 100,000 Bank Of America Corp 3.419% 12/20/2028 | 108,422 | 106,767 |
| 50,000 Bank One Corp 8.750% 09/01/2030 | 70,390 | 75,461 |
| 50,000 Brighthouse Financial Inc 5.625% 05/15/2030 | 49,936 | 59,663 |
| 75,000 Charles Stark Draper Lab 4.388% 09/01/2048 | 79,206 | 85,583 |
| 75,000 Cno Financial Group Inc 5.250% 05/30/2029 | 77,798 | 86,130 |
| 50,000 Conoco Inc 6.950% 04/15/2029 | 66,365 | 65,781 |
| 75,000 Dte Electric Co 6.350% 10/15/2032 | 92,045 | 100,049 |
| 50,000 Duke Energy Fla Proj Fin Llc 2.538% 09/01/2031 | 46,157 | 51,467 |
| 75,000 El Paso Corp 6.950% 06/01/2028 | 85,153 | 89,375 |
| 25,000 Itt Corp 7.400% 11/15/2025 | 29,256 | 28,900 |
| 100,000 Johnson & Johnson 3.550% 03/01/2036 | 109,229 | 114,389 |
| 100,000 Motorola Solutions Inc 2.750% 05/24/2031 | 100,000 | 100,180 |
| 100,000 Northern Trust Corp 1.688% 05/08/2032 | 93,847 | 105,284 |
| 50,000 Pacificorp 7.700% 11/15/2031 | 74,652 | 71,374 |
| 75,000 Parnter Refinance B Llc 3.700% 07/02/2029 | 75,204 | 81,584 |
| 100,000 Raytheon Co 7.000% 11/01/2028 | 122,719 | 127,413 |
| 89,074 Spirit Airlines Inc 4.100% 10/01/2029 | 87,629 | 91,813 |
| 100,000 Texas Childrens Hospital 3.368% 10/01/2029 | 99,276 | 109,197 |
| 63,000 Tosco Corp 7.800% 01/01/2027 | 78,859 | 78,730 |
| 46,779 United Air Lines Inc 2.700% 11/01/2033 | 43,979 | 46,371 |
| 21,467 United Airlines Inc 3.500% 03/01/2030 | 22,487 | 22,364 |
| 36,956 Delta Air Lines Pass Thru Tr 3.625% 07/30/2027 | 37,048 | 38,833 |
| 63,592 Jetblue Airways Corp 7.750% 05/15/2030 | 67,299 | 73,897 |
| 1,242 New Century Home Equity Loan 4.750% 08/25/2035 | 1,176 | 1,241 |
| 56,671 Union Pacific Railroad 6.176% 01/02/2031 | 67,439 | 66,150 |
| 46,504 United Airlines Inc 2.900% 11/01/2029 | 39,296 | 46,100 |