| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 25000 UNITS NORTHEAST UTILS 2.8% DUE 05-01-2023 | 26,231 | 26,231 |
| 25000 UNITS ABBOTT LABS 3.75% DUE 11-30-2026 | 29,286 | 29,286 |
| 30000 UNITS AT&T INC 4.125% DUE 02-17-2026 | 34,718 | 34,718 |
| 25000 UNITS AVALONBAY CMNTYS INC TRANCHE # TR 00015 2.95 09-15-2022 | 25,945 | 25,945 |
| 10000 UNITS BSTN PPTYS LTD 3.8% DUE 02-01-2024 | 10,866 | 10,866 |
| 35000 UNITS SHELL INTERNATIONAL FIN 3.25% 05-11-2025 | 38,795 | 38,795 |
| 30000 UNITS UNION PAC CORP 2.15% DUE 02-05-2027 | 31,829 | 31,829 |
| 35000 UNITS BANK NEW YORK MELLON CORP MEDIUM TERM SR NT BOOK ENTRY 2.95% 01- | 36,815 | 36,815 |
| 25000 UNITS ANTHEM INC 3.65% 12-01-2027 | 28,829 | 28,829 |
| 35000 UNITS BANK NOVA SCOTIA B C CORP 1.95% 02-01-2023 | 36,146 | 36,146 |
| 24000 UNITS VERIZON FIXED 1.5% DUE 09-18-2030 | 23,643 | 23,643 |
| 30000 UNITS SIMON PPTY GROUP FIXED 2% 09-13-2024 | 31,352 | 31,352 |
| 25000 UNITS AON CORPORATION 2.8% 05-15-2030 | 27,274 | 27,274 |
| 25000 UNITS SCHLUMBERGER INVT 3.65% DUE 12-01-2023 | 27,141 | 27,141 |
| 25000 UNITS ABBVIE INC 2.9% DUE 11-06-2022 | 26,152 | 26,152 |
| 30000 UNITS HOME DEPOT INC 2.95% DUE 06-15-2029 | 34,101 | 34,101 |
| 45000 UNITS JPMORGAN CHASE & 3.3% DUE 04-01-2026 | 50,365 | 50,365 |
| 45000 UNITS DEERE JOHN CAP 2.8% DUE 03-06-2023 | 47,495 | 47,495 |
| 10000 UNITS LINCOLN NATL CORP 3.05% DUE 01-15-2030 | 11,154 | 11,154 |
| 35000 UNITS CITIGROUP INC 3.668% DUE 07-24-2028 | 39,680 | 39,680 |
| 25000 UNITS ORACLE CORP 2.4% DUE 09-15-2023 | 26,287 | 26,287 |
| 20000 UNITS THERMO FISHER SCIENTIFIC INC 4.133% DUE 03-25-2025 REG | 22,741 | 22,741 |
| 50000 UNITS MICROSOFT CORP FIXED 2.7% DUE 02-12-2025 | 54,317 | 54,317 |
| 15000 UNITS TOTAL CAP 3.883% DUE 10-11-2028 | 17,802 | 17,802 |
| 20000 UNITS ANHEUSER-BUSCH COS LLC CORP 3.65% 02-01-2026 | 22,607 | 22,607 |
| 20000 UNITS GOLDMAN SACHS 3.5% DUE 01-23-2025 | 22,073 | 22,073 |
| 25000 UNITS PNC FINL SVCS 3.5% DUE 01-23-2024 | 27,247 | 27,247 |
| 30000 UNITS MASTERCARD INC 3.35% DUE 03-26-2030 REG | 34,882 | 34,882 |
| 20000 UNITS TARGET CORP 2.25% DUE 04-15-2025 | 21,409 | 21,409 |
| 25000 UNITS NEXTERA ENERGY CAP 2.9% DUE 04-01-2022 | 25,797 | 25,797 |
| 30000 UNITS AMERN HONDA FIN CORP MED TERM NTS TRANCHE # TR 83 1.2% 07-08-202 | 30,701 | 30,701 |
| 40000 UNITS UNITEDHEALTH GROUP 3.75% DUE 07-15-2025 | 45,573 | 45,573 |
| 40000 UNITS STATOIL ASA 2.45 DUE 01-17-2023 REG | 41,737 | 41,737 |
| 35000 UNITS MERCK & CO INC NEW 3.4% DUE 03-07-2029 | 40,718 | 40,718 |
| 10000 UNITS ENBRIDGE INC 4 DUE 10-01-2023 | 10,877 | 10,877 |
| 40000 UNITS NIKE INC 2.75% DUE 03-27-2027 | 44,261 | 44,261 |
| 25000 UNITS UTD PARCEL SVC INC 3.4% DUE 03-15-2029 | 29,126 | 29,126 |
| 45000 UNITS BANK AMER CORP FLTG RT 1.898% DUE 07-23-2031 | 45,465 | 45,465 |
| 20000 UNITS AMERN EXPRESS CO 2.5% DUE 07-30-2024 | 21,336 | 21,336 |
| 30000 UNITS MORGAN STANLEY 2.625% DUE 11-17-2021 | 30,592 | 30,592 |