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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>170248</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1232015</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1402263</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1402263</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>21034</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1381229</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>69061</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>69061</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2088</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2088</TotalTaxAmt>
        <DistributableBeforeAdjAmt>66973</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>66973</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>66973</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>52795</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>52795</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>66973</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>43987</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>5212</ExcessDistributionCyovYr3Amt>
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        <TotalExcessDistributionCyovAmt>106201</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>52795</QualifyingDistributionsAmt>
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        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
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        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
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        <ExcessDistributionCyovAppCYAmt>14178</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>92023</TotalCorpusAmt>
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        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>29809</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>62214</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>5212</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>41528</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>15474</ExcessFromYear1Amt>
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      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>MICHAEL SCHAFFER PRESIDENT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>20 WEST 12TH ST ROOM 300A</AddressLine1Txt>
            <CityNm>ST PAUL</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55155</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6512911800</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>INTERESTED PARTIES SHOULD PROVIDE AN EXPLANATION OF THE MISSION OF THE ORGANIZATION/INDIVIDUAL.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF MINNESOTA BRAIN SCIENCES CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE VETERANS DRIVE 11B</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>554172399</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>BRAIN SCIENCE RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>50696</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>50696</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>22139</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>145363</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>167502</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>167502</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>3572</Amt>
        <NetInvestmentIncomeAmt>1786</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1786</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AMER BALANCED FD CL A (ABALX)</StockNm>
        <EOYBookValueAmt>72764</EOYBookValueAmt>
        <EOYFMVAmt>72764</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMER BALANCED FD INC CL C (BALCX)</StockNm>
        <EOYBookValueAmt>16639</EOYBookValueAmt>
        <EOYFMVAmt>16639</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAKER HUGHES A GE CO (BKR)</StockNm>
        <EOYBookValueAmt>42352</EOYBookValueAmt>
        <EOYFMVAmt>42352</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOEING CO (BA)</StockNm>
        <EOYBookValueAmt>59708</EOYBookValueAmt>
        <EOYFMVAmt>59708</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BWX TECHNOLOGIES CO (BWXT)</StockNm>
        <EOYBookValueAmt>37161</EOYBookValueAmt>
        <EOYFMVAmt>37161</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CANADIAN PACIFIC KANSAS CITY LTD (CP)</StockNm>
        <EOYBookValueAmt>26507</EOYBookValueAmt>
        <EOYFMVAmt>26507</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR INC (CAT)</StockNm>
        <EOYBookValueAmt>54423</EOYBookValueAmt>
        <EOYFMVAmt>54423</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CISCO SYSTEMS INC (CSCO)</StockNm>
        <EOYBookValueAmt>44677</EOYBookValueAmt>
        <EOYFMVAmt>44677</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COHERENT CORP (COHR)</StockNm>
        <EOYBookValueAmt>67368</EOYBookValueAmt>
        <EOYFMVAmt>67368</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORNING INC (GLW)</StockNm>
        <EOYBookValueAmt>70486</EOYBookValueAmt>
        <EOYFMVAmt>70486</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEERE &amp; CO (DE)</StockNm>
        <EOYBookValueAmt>30262</EOYBookValueAmt>
        <EOYFMVAmt>30262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FANUC CORP UNSPONSORED ADR (FANUY)</StockNm>
        <EOYBookValueAmt>53250</EOYBookValueAmt>
        <EOYFMVAmt>53250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAC HOLDINGS INC (GNRC)</StockNm>
        <EOYBookValueAmt>32729</EOYBookValueAmt>
        <EOYFMVAmt>32729</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HEWLETT PACKARD ENTERPRISE CO (HPE)</StockNm>
        <EOYBookValueAmt>22819</EOYBookValueAmt>
        <EOYFMVAmt>22819</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL BUSINESS MACHINE CORP (IBM)</StockNm>
        <EOYBookValueAmt>42950</EOYBookValueAmt>
        <EOYFMVAmt>42950</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP (LMT)</StockNm>
        <EOYBookValueAmt>43530</EOYBookValueAmt>
        <EOYFMVAmt>43530</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATCH GROUP INC NEW (MTCH)</StockNm>
        <EOYBookValueAmt>32451</EOYBookValueAmt>
        <EOYFMVAmt>32451</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEWMONT CORP (NEM)</StockNm>
        <EOYBookValueAmt>47429</EOYBookValueAmt>
        <EOYFMVAmt>47429</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NINTENDO LTD ADR (NTDOY)</StockNm>
        <EOYBookValueAmt>27566</EOYBookValueAmt>
        <EOYFMVAmt>27566</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NUTRIEN LTD (NTR)</StockNm>
        <EOYBookValueAmt>30243</EOYBookValueAmt>
        <EOYFMVAmt>30243</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORPORATION (ORCL)</StockNm>
        <EOYBookValueAmt>43855</EOYBookValueAmt>
        <EOYFMVAmt>43855</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PARKER-HANNIFIN CORP (PH)</StockNm>
        <EOYBookValueAmt>43948</EOYBookValueAmt>
        <EOYFMVAmt>43948</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>POPULAR INC (BPOP)</StockNm>
        <EOYBookValueAmt>52921</EOYBookValueAmt>
        <EOYFMVAmt>52921</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUALCOMM INC (QCOM)</StockNm>
        <EOYBookValueAmt>35921</EOYBookValueAmt>
        <EOYFMVAmt>35921</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIMON PROPERTY GROUP REIT INC NEW (SPG)</StockNm>
        <EOYBookValueAmt>43501</EOYBookValueAmt>
        <EOYFMVAmt>43501</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SONY GROUP CORP NEW ADR AMERN SH (SONY)</StockNm>
        <EOYBookValueAmt>48512</EOYBookValueAmt>
        <EOYFMVAmt>48512</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TE CONNECTIVITY PLC (TEL)</StockNm>
        <EOYBookValueAmt>35264</EOYBookValueAmt>
        <EOYFMVAmt>35264</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TEREX CORPORATION NEW (TEX)</StockNm>
        <EOYBookValueAmt>46708</EOYBookValueAmt>
        <EOYFMVAmt>46708</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TEXTRON INC (TXT)</StockNm>
        <EOYBookValueAmt>31381</EOYBookValueAmt>
        <EOYFMVAmt>31381</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>US BANCORP NEW (USB)</StockNm>
        <EOYBookValueAmt>43755</EOYBookValueAmt>
        <EOYFMVAmt>43755</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZIMMER BIOMET HOLDINGS INC (ZBH)</StockNm>
        <EOYBookValueAmt>36418</EOYBookValueAmt>
        <EOYFMVAmt>36418</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZOETIS INC CLASS A (ZTS)</StockNm>
        <EOYBookValueAmt>35859</EOYBookValueAmt>
        <EOYFMVAmt>35859</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>167636</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>14748</Amt>
        <NetInvestmentIncomeAmt>14748</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAXES</CategoryTxt>
        <Amt>1044</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>531</Amt>
        <NetInvestmentIncomeAmt>531</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>