| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M COMPANY | 523,309 | 590,698 |
| 3M COMPANY COM | 992,226 | 1,032,647 |
| AMAZON COM INC COM | 69,881 | 634,593 |
| AMERICAN AIRLINES GROUP INC COM | 900,080 | 871,150 |
| ANHEUSER-BUSCH INBEV SA/NV ADR SPONSORED | 477,261 | 480,020 |
| ANTHEM INC | 192,761 | 206,882 |
| APPLE INC | 269,571 | 285,194 |
| ARIZONA ST TRANSN BRD | 255,933 | 265,086 |
| ARIZONA ST UNIV | 185,025 | 195,539 |
| ASTRAZENECA | 85,471 | 85,471 |
| AT&T INC | 145,860 | 154,797 |
| AT&T INC | 136,188 | 144,659 |
| AT&T INC COM | 2,006,415 | 2,013,200 |
| BANK OF AMERICA CORPORATION | 89,143 | 93,745 |
| BANK OF AMERICA CORPORATION | 277,047 | 297,686 |
| BANK OF AMERICA CORPORATION | 75,087 | 75,087 |
| BANK OF MONTREAL | 215,080 | 232,170 |
| BANK OF NEW YORK MELLON CORP | 223,564 | 230,458 |
| BANK OF NOVA SCOTIA | 10,000,025 | 10,070,700 |
| BANK OF NOVA SCOTIA | 256,305 | 263,348 |
| BERKSHIRE HATHAWAY FINANCE COR | 216,503 | 231,093 |
| BOEING CO | 1,944,492 | 1,710,339 |
| BORG WARNER INC | 1,776,618 | 1,714,457 |
| CAMPBELL SOUP CO COM | 941,890 | 1,006,617 |
| CANADIAN PACIFIC RAI | 683,985 | 1,119,809 |
| CATERPILLAR INC | 1,277,364 | 1,656,382 |
| CERRITOS CALIF CMNTY COLLEGE D | 150,022 | 156,161 |
| CHESAPEAKE VA | 275,019 | 287,287 |
| CHILDREN'S HOSPITAL OF PHILADE | 110,022 | 115,104 |
| CISCO SYSTEMS INC | 1,145,636 | 1,271,571 |
| CITIGROUP INC | 278,516 | 293,221 |
| COHERENT INC | 1,451,324 | 1,561,708 |
| COMCAST CORP | 128,850 | 139,713 |
| CORNING INC | 2,023,080 | 2,328,840 |
| CRANE CO | 879,836 | 1,204,895 |
| CSX CORP | 120,393 | 128,384 |
| CVS HEALTH CORPORATION | 176,628 | 176,628 |
| CVS HEALTH CORPORATION | 154,202 | 169,410 |
| DALLAS TEX AREA RAPID TRAN SAL | 415,019 | 423,935 |
| DOWNERS GROVE ILL | 300,020 | 306,501 |
| DTE ELECTRIC COMP | 150,500 | 162,141 |
| DUKE ENERGY CAROLINAS LLC | 118,040 | 123,539 |
| ENBRIDGE INC | 84,246 | 87,017 |
| ENTERPRISE PRODUCTS OPER L P | 66,607 | 69,419 |
| EQUINOR ASA | 257,934 | 265,513 |
| ESTEE LAUDER COMPANIES INC | 124,028 | 131,218 |
| FEDERAL HOME LOAN BANKS | 362,846 | 366,237 |
| FEDERATED HERMES TREASURY OBLIGATIONS INST | 1,582,295 | 1,582,295 |
| FEDERATED HERMES I PRIME VALUE OBLIGATIONS I | 51,547,756 | 51,547,751 |
| FEDERATED INSTITUTIONAL PRIME VALUE OBLIGATIONS IS | 2,169,727 | 2,169,722 |
| FEDEX CORP | 89,548 | 91,126 |
| FEDEX CORPORATION | 1,798,467 | 2,596,200 |
| GENERAL MILLS INC | 168,529 | 174,253 |
| GENERAL MILLS INC COM | 959,703 | 975,992 |
| GENERAL MOTORS CO | 1,518,475 | 2,076,587 |
| GILEAD SCIENCES INC COM | 1,972,819 | 1,972,542 |
| GOLDMAN SACHS GROUP INC | 144,050 | 174,371 |
| GS FINANCE CORP | 20,000,025 | 20,253,000 |
| HOME DEPOT INC | 123,576 | 132,662 |
| HONOLULU HAWAII CITY & CNTY BR | 215,020 | 224,777 |
| INGREDION INC | 875,493 | 788,273 |
| INTEL CORP | 174,770 | 184,409 |
| INTEL CORP COM | 1,940,817 | 2,030,962 |
| INTERNATIONAL BUS MACH CORP COM | 999,911 | 1,004,145 |
| INTERNATIONAL BUS MACH CORP COM | 1,030,840 | 1,041,657 |
| INVESCO QQQ TRUST UNIT SER 1 ETF | 1,382,169 | 2,600,692 |
| ISHARES TRUST CORE S&P500 ETF | 1,992,059 | 2,027,106 |
| ISHARES TRUST MSCI EAFE ETF | 5,379,476 | 5,469,330 |
| ISHARES TRUST MSCI EMG MKT ETF | 3,373,642 | 3,775,527 |
| ISHARES TRUST RUSSELL 2000 ETF | 6,938,344 | 8,881,518 |
| JP MORGAN CHASE & CO | 5,005,501 | 2,732,163 |
| JP MORGAN CHASE & CO | 287,930 | 305,026 |
| KINDER MORGAN ENERGY PARTNERS | 103,166 | 104,936 |
| KRAFT HEINZ CO COM | 958,278 | 1,045,532 |
| KROGER COMPANY | 1,012,719 | 1,351,070 |
| LAS VEGAS SANDS CORP | 1,681,609 | 1,605,922 |
| LINCOLN NATIONAL CORP | 92,353 | 94,805 |
| LOCKHEED MARTIN CORP | 127,136 | 133,796 |
| LOWE'S COMPANIES INC | 169,663 | 179,505 |
| MARSH & MCLENNAN COMPANIES INC | 183,870 | 190,861 |
| MASTERCARD INCORPORATED | 252,871 | 262,499 |
| MCDONALD'S CORPORATION COM | 999,853 | 1,001,445 |
| MERCK & CO INC | 129,103 | 137,316 |
| MERCK & CO INC COM | 975,823 | 993,476 |
| MGM RESORTS INTERNATIONAL | 0 | 34,483 |
| MICROSOFT CORP COM | 193,148 | 822,954 |
| MICROSOFT CORP COM | 958,384 | 1,012,206 |
| MORGAN STANLEY | 186,736 | 194,824 |
| MOUNTAIN VIEW-WHISMAN CALIF SC | 255,025 | 270,600 |
| NEW YORK N Y CITY TRANSITIONAL | 372,505 | 387,970 |
| NEW YORK ST DORM AUTH ST PERS | 261,091 | 271,312 |
| NEWELL BRANDS INC | 1,027,418 | 1,375,598 |
| NEWMONT GOLDCORP COR | 1,174,305 | 1,963,554 |
| NIKE INC | 133,728 | 142,782 |
| NINTENDO LTD ADR | 795,194 | 1,710,647 |
| NORTHERN STATES POWER CO | 87,378 | 98,574 |
| OHIO STATE | 120,025 | 125,326 |
| OHLONE CALIF CMNTY COLLEGE DIS | 280,404 | 292,761 |
| ORION ENGINEERED CAR | 1,042,262 | 1,796,786 |
| PARKER-HANNIFIN CORP | 1,208,365 | 1,886,439 |
| PEPSICO INC | 107,177 | 135,392 |
| PFIZER INC COM | 1,774,657 | 1,927,924 |
| PNC FINANCIAL SERVICES GROUP | 210,535 | 217,973 |
| POPULAR INC | 1,565,490 | 1,643,136 |
| PROLOGIS L P | 186,805 | 188,144 |
| PUBLIC SERVICE ENTERPRISE GRP | 165,704 | 172,244 |
| QUALCOMM INC | 929,872 | 2,274,436 |
| ROYAL BANK OF CANADA | 391,950 | 402,753 |
| SAN MARCOS CALIF REDEV AGY SUC | 246,350 | 253,811 |
| SHELL INTL.FIN.BV | 169,257 | 177,673 |
| SIEMENS A G ADR | 1,265,623 | 1,579,380 |
| SIMON PROPERTY GROUP LP | 176,058 | 182,884 |
| SONY CORP ADR NEW | 1,207,273 | 2,475,939 |
| SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 ST & POORS DEP | 5,006,622 | 5,597,978 |
| SPDR S&P500 ETF TRUST TR UNIT ETF | 22,641,474 | 25,819,437 |
| SPDR SERIES TRUST BLOMBERG BRC INV ETF | 6,504,067 | 6,485,080 |
| STARBUCKS CORP | 1,284,000 | 2,139,600 |
| STATE STREET CORPORATION | 260,736 | 272,158 |
| SYSCO CORP | 1,199,678 | 1,577,654 |
| TEREX CORP | 1,272,164 | 1,334,891 |
| THERMO FISHER SCIENTIFIC INC | 177,622 | 181,926 |
| TRUIST FINANCIAL CORPORATION | 261,688 | 271,598 |
| UNION PACIFIC CORP | 102,489 | 114,000 |
| UNITED AIRLINES HOLDINGS COM | 856,423 | 809,399 |
| UNITED TECHNOLOGIES CORP | 127,567 | 128,972 |
| UNITEDHEALTH GROUP INC | 1,581,146 | 2,198,764 |
| UNITEDHEALTH GROUP INC | 131,694 | 142,755 |
| UNIVERSITY NORTH TEX UNIV REV | 185,984 | 190,993 |
| UNIVERSITY PITTSBURGH PA | 381,519 | 391,379 |
| UNIVERSITY WASHINGTON | 225,024 | 233,850 |
| VANECK VECTORS ETF TRUST INVT GRADE FLTG ETF | 6,330,721 | 6,364,260 |
| VERIZON COMMUNICATIONS | 152,688 | 123,825 |
| WALMART INC | 130,623 | 142,490 |
| WALMART INC COM | 499,170 | 504,525 |
| WALT DISNEY COMPANY (THE) | 1,505,818 | 2,772,054 |
| WASTE MANAGEMENT INC | 86,573 | 93,290 |
| WELLS FARGO & COMPANY | 274,193 | 285,490 |
| WELLS FARGO & COMPANY COM | 957,512 | 1,078,293 |
| WINSTON-SALEM N C WTR & SWR SY | 380,016 | 382,708 |
| WISCONSIN ST | 250,092 | 260,386 |