| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 40000 UNITS NIKE INC 2.75% DUE 03-27-2027 | 42,402 | 42,402 |
| 25000 UNITS UTD PARCEL SVC INC 3.4% DUE 03-15-2029 | 27,290 | 27,290 |
| 45000 UNITS BANK AMER CORP 1.898% DUE 07-23-2031 | 43,115 | 43,115 |
| 20000 UNITS AMERN EXPRESS CO 2.5% DUE 07-30-2024 | 20,667 | 20,667 |
| 20000 UNITS LOCKHEED MARTIN 3.55% DUE 01-15-2026 | 21,660 | 21,660 |
| 25000 UNITS NORTHEAST UTILS 2.8% DUE 05-01-2023 | 25,438 | 25,438 |
| 25000 UNITS ABBOTT LABS 3.75% DUE 11-30-2026 | 27,641 | 27,641 |
| 30000 UNITS AT&T INC 4.125% DUE 02-17-2026 | 32,738 | 32,738 |
| 30000 UNITS SEMPRA ENERGY 3.25% 06-15-2027 | 31,662 | 31,662 |
| 30000 UNITS MARSH & MCLENNAN 3.875% DUE 03-15-2024 | 31,734 | 31,734 |
| 40000 UNITS LOWES COS INC 1.7% DUE 10-15-2030 | 38,046 | 38,046 |
| 10000 UNITS BSTN PPTYS LTD 3.8% DUE 02-01-2024 | 10,460 | 10,460 |
| 35000 UNITS SHELL INTERNATIONAL FIN 3.25% 05-11-2025 | 37,264 | 37,264 |
| 30000 UNITS UNION PAC CORP 2.15% DUE 02-05-2027 | 30,778 | 30,778 |
| 45000 UNITS MITSUBISHI UFJ FINL GROUP INC 3.455% 03-02-2023 | 46,345 | 46,345 |
| 15000 UNITS EQUINIX INC FIXED 3.2% 11-18-2029 | 15,781 | 15,781 |
| 10000 UNITS CARRIER GLOBAL CORP 2.242% 02-15-2025 | 10,244 | 10,244 |
| 25000 UNITS ANTHEM INC 3.65% 12-01-2027 | 27,445 | 27,445 |
| 35000 UNITS BANK NOVA SCOTIA B C CORP 1.95% 02-01-2023 | 35,408 | 35,408 |
| 30000 UNITS NEXTERA ENERGY CAP 3.55% DUE 05-01-2027 | 32,512 | 32,512 |
| 15000 UNITS AMERN TOWER CORP 3.125% DUE 01-15-2027 | 15,713 | 15,713 |
| 35000 UNITS VERIZON FIXED 1.5% DUE 09-18-2030 | 32,864 | 32,864 |
| 20000 UNITS PUBLIC SVC ENTERPRISE GROUP INC 2.875% DUE 06-15-2024 | 20,714 | 20,714 |
| 15000 UNITS ALEXANDRIA REAL 4.9% DUE 12-15-2030 | 18,036 | 18,036 |
| 30000 UNITS SIMON PPTY GROUP FIXED 2% 09-13-2024 | 30,539 | 30,539 |
| 25000 UNITS AON CORPORATION 2.8% 05-15-2030 | 25,790 | 25,790 |
| 25000 UNITS SCHLUMBERGER INVT 3.65% DUE 12-01-2023 | 26,115 | 26,115 |
| 25000 UNITS CVS HEALTH CORP 3.25% DUE 08-15-2029 | 26,679 | 26,679 |
| 45000 UNITS HOME DEPOT INC 2.95% DUE 06-15-2029 | 47,983 | 47,983 |
| 35000 UNITS PROLOGIS L P 1.25% 10-15-2030 | 32,586 | 32,586 |
| 50000 UNITS BK MONTREAL MEDIUM .45% DUE 12-08-2023 | 49,522 | 49,522 |
| 35000 UNITS CITIGROUP INC 3.668% DUE 07-24-2028 | 37,774 | 37,774 |
| 30000 UNITS AMGEN INC 2.2% DUE 02-21-2027 | 30,726 | 30,726 |
| 40000 UNITS MICROSOFT CORP FIXED 2.7% DUE 02-12-2025 | 41,893 | 41,893 |
| 15000 UNITS TOTAL CAP 3.883% DUE 10-11-2028 | 16,742 | 16,742 |
| 45000 UNITS SUMITOMO MITSUI FINL GROUP INC 3.936% 10-16-2023 | 47,299 | 47,299 |
| 20000 UNITS ANHEUSER-BUSCH COS LLC CORP 3.65% 02-01-2026 | 21,483 | 21,483 |
| 20000 UNITS GOLDMAN SACHS 3.5% DUE 01-23-2025 | 21,082 | 21,082 |
| 25000 UNITS PNC FINL SVCS 3.5% DUE 01-23-2024 | 26,181 | 26,181 |
| 30000 UNITS MASTERCARD INC 3.35% DUE 03-26-2030 REG | 33,033 | 33,033 |
| 20000 UNITS TARGET CORP 2.25% DUE 04-15-2025 | 20,619 | 20,619 |
| 48000 UNITS JPMORGAN CHASE & CO 2.58% 04-22-2032 | 48,672 | 48,672 |
| 30000 UNITS AMERN HONDA FIN CORP MED TERM NTS TRANCHE # TR 83 1.2% 07-08-202 | 29,896 | 29,896 |
| 40000 UNITS UNITEDHEALTH GROUP 3.75% DUE 07-15-2025 | 43,390 | 43,390 |
| 30000 UNITS ABBVIE INC 3.2% 11-21-2029 | 32,106 | 32,106 |
| 5000 UNITS BANK AMER CORP 2.687% DUE 04-22-2032 | 5,080 | 5,080 |
| 35000 UNITS MERCK & CO INC NEW 3.4% DUE 03-07-2029 | 38,108 | 38,108 |
| 10000 UNITS ENBRIDGE INC 4 DUE 10-01-2023 | 10,441 | 10,441 |
| 25000 UNITS MORGAN STANLEY FIXED 3.7% DUE 10-23-2024 | 26,629 | 26,629 |
| 50000 UNITS TORONTO DOMINION BK SR MEDIUM TERM TRANCHE # TR 62 .75% 01-06-20 | 48,478 | 48,478 |