﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2025v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-04-11T02:22:54-05:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>420714325</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>RSM US LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>227 WEST FIRST STREET SUITE 700</AddressLine1Txt>
        <CityNm>DULUTH</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55802</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>411819638</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JOHN K &amp; MARGARET A OGREN FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JOHN</BusinessNameControlTxt>
      <PhoneNum>6514395755</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1229 THIRD AVENUE SOUTH</AddressLine1Txt>
        <CityNm>STILLWATER</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55082</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MARK OGREN</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>6514395755</PhoneNum>
      <SignatureDt>2026-04-08</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JULIE BOYER</PreparerPersonNm>
      <PTIN>P01278549</PTIN>
      <PhoneNum>2187275025</PhoneNum>
      <PreparationDt>2026-04-08</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2607782</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>48875</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>46341</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>103830</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>667196</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>100247</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>152705</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>146588</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">3738</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1869</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1869</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">25124</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>25124</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">4059</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>141</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">25</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>25</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>32946</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>27134</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>1894</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>28636</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>28636</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>61582</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>27134</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>30530</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>91123</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>119454</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>30980</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>38052</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>38052</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>69915</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc2210400001">112746</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>113073</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>1410298</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">1462352</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2363514</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>48950</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">85786</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>93143</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>50069</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>0</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>0</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>1610212</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1698936</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2607782</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>2588</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>2588</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>1607624</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1696348</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1610212</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1698936</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1610212</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1698936</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1610212</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>91123</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>1701335</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">2399</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1698936</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>667115</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>566949</CostOrOtherBasisAmt>
          <GainOrLossAmt>100166</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>100166</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>81</GrossSalesPriceAmt>
          <GainOrLossAmt>81</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>81</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>100247</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1660</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1660</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>1660</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>3000</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>3000</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>1340</OverpaymentAmt>
        <AppliedToESTaxAmt>1340</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MN</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>MARK J OGREN</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6514395755</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1229 THIRD AVENUE SOUTH</AddressLine1Txt>
          <CityNm>STILLWATER</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55082</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARK J OGREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1221 THIRD AVENUE SOUTH</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER R OGREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>2647 S SHORE BLVD</AddressLine1Txt>
            <CityNm>WHITE BEAR TOWNSHIP</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55110</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHEN D OGREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4698 MCDONALD DRIVE PLACE NORTH</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ERIK W OGREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>13580 47TH STREET NORTH</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <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>2481725</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>43727</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2525452</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2525452</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>37882</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2487570</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>124379</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>124379</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1660</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1660</TotalTaxAmt>
        <DistributableBeforeAdjAmt>122719</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>122719</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>122719</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>30530</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>30530</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>122719</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>156803</ExcessDistributionCyovYr5Amt>
        <TotalExcessDistributionCyovAmt>156803</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>30530</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>30530</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>92189</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>92189</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>64614</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>64614</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MARK J OGREN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CATHOLIC COMMUNITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2610 UNIVERSITY AVE W SUITE 500</AddressLine1Txt>
            <CityNm>SAINT PAUL</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55114</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHURCH OF SAINT MICHAEL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>611 S THIRD STREET</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>BUILDING AND GROUNDS ENDOWMENT FUND SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CORRIE'S HOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>216 MYRTLE ST W 2101</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CURE OF ARS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9401 MISSION RD</AddressLine1Txt>
            <CityNm>LEAWOOD</CityNm>
            <StateAbbreviationCd>KS</StateAbbreviationCd>
            <ZIPCd>66206</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CYSTIC FIBROSIS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4550 MONTGOMERY AVE SUITE 1100N</AddressLine1Txt>
            <CityNm>BETHESDA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20814</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INFANTS REMEMBERED IN SILENCE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>218 THIRD AVE</AddressLine1Txt>
            <CityNm>FAIRBAULT</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55021</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW LIFE FAMILY SERVICES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1515 E 66TH ST</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55423</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHILOMENA HOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 130141</AddressLine1Txt>
            <CityNm>ROSEVILLE</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55118</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SENITIZO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2344 FOOTHILLS DR S</AddressLine1Txt>
            <CityNm>GOLDEN</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80401</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE CURING ALZHEIMER'S DISEASE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9144 JUSTEN TR</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNBOUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE ELMWOOD AVE</AddressLine1Txt>
            <CityNm>KANSAS CITY</CityNm>
            <StateAbbreviationCd>KS</StateAbbreviationCd>
            <ZIPCd>66103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>2136</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VALLEY OUTREACH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1911 CURVE CREST BLVD W</AddressLine1Txt>
            <CityNm>STILLWATER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55082</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUTH SERVICE BUREAU</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7064 W PT DOUGLAS RD SUITE 201</AddressLine1Txt>
            <CityNm>COTTAGE GROVE</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>28636</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>48875</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>103830</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>152705</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>152705</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>3738</Amt>
        <NetInvestmentIncomeAmt>1869</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1869</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN EXPRESS CO BOND</BondNm>
        <EOYBookValueAmt>4245</EOYBookValueAmt>
        <EOYFMVAmt>4931</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK NEW YORK MELLON CORP BOND</BondNm>
        <EOYBookValueAmt>4910</EOYBookValueAmt>
        <EOYFMVAmt>4926</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BP CAP MKTS PLC NOTE</BondNm>
        <EOYBookValueAmt>5020</EOYBookValueAmt>
        <EOYFMVAmt>5156</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENERGY TRANSFER LP NOTE</BondNm>
        <EOYBookValueAmt>5039</EOYBookValueAmt>
        <EOYFMVAmt>4809</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>F&amp;G ANNUITIES &amp; LIFE INC NOTE</BondNm>
        <EOYBookValueAmt>5018</EOYBookValueAmt>
        <EOYFMVAmt>5086</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JPMORGAN CHASE &amp; CO BOND</BondNm>
        <EOYBookValueAmt>4932</EOYBookValueAmt>
        <EOYFMVAmt>5196</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KENNEDY WILSON INC NOTE</BondNm>
        <EOYBookValueAmt>3908</EOYBookValueAmt>
        <EOYFMVAmt>4702</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LENDINGTREE INC BOND</BondNm>
        <EOYBookValueAmt>33885</EOYBookValueAmt>
        <EOYFMVAmt>38490</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PACIFICORP NOTE</BondNm>
        <EOYBookValueAmt>5088</EOYBookValueAmt>
        <EOYFMVAmt>5096</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PNC FINL SVCS GROUP INC BOND</BondNm>
        <EOYBookValueAmt>4895</EOYBookValueAmt>
        <EOYFMVAmt>4902</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SCHWAB CHARLES CORP BOND</BondNm>
        <EOYBookValueAmt>3995</EOYBookValueAmt>
        <EOYFMVAmt>4969</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US BANCORP BOND</BondNm>
        <EOYBookValueAmt>4851</EOYBookValueAmt>
        <EOYFMVAmt>4880</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>A10 NETWORKS INC COM</StockNm>
        <EOYBookValueAmt>42529</EOYBookValueAmt>
        <EOYFMVAmt>52982</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ADDUS HOMECARE CORP</StockNm>
        <EOYBookValueAmt>41791</EOYBookValueAmt>
        <EOYFMVAmt>42956</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALAMO GROUP INC</StockNm>
        <EOYBookValueAmt>3262</EOYBookValueAmt>
        <EOYFMVAmt>23502</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CAP STK CL A</StockNm>
        <EOYBookValueAmt>15618</EOYBookValueAmt>
        <EOYFMVAmt>44133</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERIPRISE FINL INC COM</StockNm>
        <EOYBookValueAmt>3078</EOYBookValueAmt>
        <EOYFMVAmt>12258</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APOLLO GLOBAL MGMT INC</StockNm>
        <EOYBookValueAmt>12943</EOYBookValueAmt>
        <EOYFMVAmt>14042</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCOSA INC</StockNm>
        <EOYBookValueAmt>37548</EOYBookValueAmt>
        <EOYFMVAmt>79208</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARHAUS INC</StockNm>
        <EOYBookValueAmt>23831</EOYBookValueAmt>
        <EOYFMVAmt>27240</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARTISAN PARTNERS ASSET MANAGEMENT INC</StockNm>
        <EOYBookValueAmt>40083</EOYBookValueAmt>
        <EOYFMVAmt>38296</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T INC COM</StockNm>
        <EOYBookValueAmt>4105</EOYBookValueAmt>
        <EOYFMVAmt>5216</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY INC DEL CL B NEW</StockNm>
        <EOYBookValueAmt>4618</EOYBookValueAmt>
        <EOYFMVAmt>18095</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLUELINX HLDGS INC COM NEW</StockNm>
        <EOYBookValueAmt>14498</EOYBookValueAmt>
        <EOYFMVAmt>31022</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOEING CO</StockNm>
        <EOYBookValueAmt>5326</EOYBookValueAmt>
        <EOYFMVAmt>6906</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRIGHTVIEW HLDGS INC</StockNm>
        <EOYBookValueAmt>24239</EOYBookValueAmt>
        <EOYFMVAmt>31168</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BUILDERS FIRSTSOURCE INC</StockNm>
        <EOYBookValueAmt>7789</EOYBookValueAmt>
        <EOYFMVAmt>13479</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BUNGE GLOBAL SA COM</StockNm>
        <EOYBookValueAmt>18598</EOYBookValueAmt>
        <EOYFMVAmt>17282</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAVCO INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>26146</EOYBookValueAmt>
        <EOYFMVAmt>49031</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHS INC PFD B SR 2 RST</StockNm>
        <EOYBookValueAmt>4592</EOYBookValueAmt>
        <EOYFMVAmt>4484</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CSW INDUSTRIALS INC COM</StockNm>
        <EOYBookValueAmt>3253</EOYBookValueAmt>
        <EOYFMVAmt>32288</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEER &amp; COMPANY</StockNm>
        <EOYBookValueAmt>3016</EOYBookValueAmt>
        <EOYFMVAmt>12570</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DISNEY WALT CO COM</StockNm>
        <EOYBookValueAmt>13256</EOYBookValueAmt>
        <EOYFMVAmt>15359</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOUGLAS DYNAMICS INC COM</StockNm>
        <EOYBookValueAmt>27648</EOYBookValueAmt>
        <EOYFMVAmt>44567</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUKE ENERGY CORP NEW</StockNm>
        <EOYBookValueAmt>5298</EOYBookValueAmt>
        <EOYFMVAmt>5274</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELEVANCE HEALTH INC COM</StockNm>
        <EOYBookValueAmt>4034</EOYBookValueAmt>
        <EOYFMVAmt>10517</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENOVA INTERNATIONAL INC</StockNm>
        <EOYBookValueAmt>35528</EOYBookValueAmt>
        <EOYFMVAmt>51090</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EOG RESOURCES INC</StockNm>
        <EOYBookValueAmt>13051</EOYBookValueAmt>
        <EOYFMVAmt>11026</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>F&amp;G ANNUITIES &amp; LIFE INC NT 53</StockNm>
        <EOYBookValueAmt>3880</EOYBookValueAmt>
        <EOYFMVAmt>3945</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FAIRFAX FINL HLDGS LTD SUB VTG</StockNm>
        <EOYBookValueAmt>11396</EOYBookValueAmt>
        <EOYFMVAmt>53434</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST INTST BANCSYSTEM INC</StockNm>
        <EOYBookValueAmt>48804</EOYBookValueAmt>
        <EOYFMVAmt>52765</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TR HIGH YIELD OPPRT 2027</StockNm>
        <EOYBookValueAmt>13007</EOYBookValueAmt>
        <EOYFMVAmt>11608</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRANKLIN COVEY CO COM</StockNm>
        <EOYBookValueAmt>17028</EOYBookValueAmt>
        <EOYFMVAmt>16193</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL SHIP LEASE INC</StockNm>
        <EOYBookValueAmt>20215</EOYBookValueAmt>
        <EOYFMVAmt>59042</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GREEN BRICK PARTNERS INC</StockNm>
        <EOYBookValueAmt>6087</EOYBookValueAmt>
        <EOYFMVAmt>49501</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HACKETT GROUP INC COM</StockNm>
        <EOYBookValueAmt>3915</EOYBookValueAmt>
        <EOYFMVAmt>20808</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HEALTHSTREAM INC</StockNm>
        <EOYBookValueAmt>20672</EOYBookValueAmt>
        <EOYFMVAmt>20417</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HILLMAN SOLUTIONS CORP COM</StockNm>
        <EOYBookValueAmt>31259</EOYBookValueAmt>
        <EOYFMVAmt>33731</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>I3 VERTICALS INC</StockNm>
        <EOYBookValueAmt>38670</EOYBookValueAmt>
        <EOYFMVAmt>40808</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IQVIA HLDGS INC</StockNm>
        <EOYBookValueAmt>20140</EOYBookValueAmt>
        <EOYFMVAmt>22766</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>5181</EOYBookValueAmt>
        <EOYFMVAmt>12831</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>2616</EOYBookValueAmt>
        <EOYFMVAmt>17078</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KINDER MORGAN INC</StockNm>
        <EOYBookValueAmt>6932</EOYBookValueAmt>
        <EOYFMVAmt>13470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KKR &amp; CO INC COM</StockNm>
        <EOYBookValueAmt>9517</EOYBookValueAmt>
        <EOYFMVAmt>23584</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KKR &amp; CO INC COM</StockNm>
        <EOYBookValueAmt>2968</EOYBookValueAmt>
        <EOYFMVAmt>3110</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAUREATE EDUCATION INC</StockNm>
        <EOYBookValueAmt>38189</EOYBookValueAmt>
        <EOYFMVAmt>91414</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LEGALZOOM</StockNm>
        <EOYBookValueAmt>48087</EOYBookValueAmt>
        <EOYFMVAmt>53076</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIQUIDITY SVCS INC</StockNm>
        <EOYBookValueAmt>32239</EOYBookValueAmt>
        <EOYFMVAmt>38130</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MARVELL TECHNOLOGY INC</StockNm>
        <EOYBookValueAmt>10371</EOYBookValueAmt>
        <EOYFMVAmt>10623</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATCH GROUP INC NEW COM</StockNm>
        <EOYBookValueAmt>13691</EOYBookValueAmt>
        <EOYFMVAmt>12593</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCADOLIBRE INC</StockNm>
        <EOYBookValueAmt>20791</EOYBookValueAmt>
        <EOYFMVAmt>20143</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>1462</EOYBookValueAmt>
        <EOYFMVAmt>20796</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MIMEDX GROUP INC</StockNm>
        <EOYBookValueAmt>29327</EOYBookValueAmt>
        <EOYFMVAmt>28908</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NPK INTERNATIONAL INC</StockNm>
        <EOYBookValueAmt>7960</EOYBookValueAmt>
        <EOYFMVAmt>17582</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORP COM</StockNm>
        <EOYBookValueAmt>3136</EOYBookValueAmt>
        <EOYFMVAmt>13254</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PAR PAC HOLDINGS INC COM NEW</StockNm>
        <EOYBookValueAmt>18058</EOYBookValueAmt>
        <EOYFMVAmt>44628</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIMCO DYNAMIC INCOME STRATEGY COM</StockNm>
        <EOYBookValueAmt>12280</EOYBookValueAmt>
        <EOYFMVAmt>19437</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRICESMART INC</StockNm>
        <EOYBookValueAmt>29775</EOYBookValueAmt>
        <EOYFMVAmt>40481</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QXO INC</StockNm>
        <EOYBookValueAmt>2802</EOYBookValueAmt>
        <EOYFMVAmt>3033</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RADNET INC COM</StockNm>
        <EOYBookValueAmt>21974</EOYBookValueAmt>
        <EOYFMVAmt>104171</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RENTOKIL INITIAL SPON</StockNm>
        <EOYBookValueAmt>16144</EOYBookValueAmt>
        <EOYFMVAmt>18265</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REPUBLIC SERVICES INC COM</StockNm>
        <EOYBookValueAmt>1378</EOYBookValueAmt>
        <EOYFMVAmt>10173</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROYALTY PHARMA PLC</StockNm>
        <EOYBookValueAmt>17570</EOYBookValueAmt>
        <EOYFMVAmt>24420</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SECURE WASTE INFRASTRUCTURE CORP</StockNm>
        <EOYBookValueAmt>31154</EOYBookValueAmt>
        <EOYFMVAmt>30804</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SELECT WATER SOLUTIONS INC CL A</StockNm>
        <EOYBookValueAmt>24090</EOYBookValueAmt>
        <EOYFMVAmt>34190</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SILA REALTY TRUST INC</StockNm>
        <EOYBookValueAmt>7295</EOYBookValueAmt>
        <EOYFMVAmt>6876</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SILA REALTY TRUST INC</StockNm>
        <EOYBookValueAmt>40712</EOYBookValueAmt>
        <EOYFMVAmt>40326</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIRI US POINT LTD</StockNm>
        <EOYBookValueAmt>48792</EOYBookValueAmt>
        <EOYFMVAmt>66327</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIRI US POINT LTD</StockNm>
        <EOYBookValueAmt>5823</EOYBookValueAmt>
        <EOYFMVAmt>5812</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPROUTS FARMERS MARKET INC</StockNm>
        <EOYBookValueAmt>8882</EOYBookValueAmt>
        <EOYFMVAmt>30673</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SS&amp;C TECHNOLOGIES HLDGS INC COM</StockNm>
        <EOYBookValueAmt>4045</EOYBookValueAmt>
        <EOYFMVAmt>11802</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STEVE MADDEN</StockNm>
        <EOYBookValueAmt>11814</EOYBookValueAmt>
        <EOYFMVAmt>30605</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STONEX GROUP INC COM</StockNm>
        <EOYBookValueAmt>9063</EOYBookValueAmt>
        <EOYFMVAmt>113205</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TARGET CORP</StockNm>
        <EOYBookValueAmt>13166</EOYBookValueAmt>
        <EOYFMVAmt>8309</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THERMO FISHER SCIENTIFIC</StockNm>
        <EOYBookValueAmt>14041</EOYBookValueAmt>
        <EOYFMVAmt>16225</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TIDEWATER INC NEW COM</StockNm>
        <EOYBookValueAmt>40313</EOYBookValueAmt>
        <EOYFMVAmt>33084</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ULTA BEAUTY INC</StockNm>
        <EOYBookValueAmt>10546</EOYBookValueAmt>
        <EOYFMVAmt>18150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GROUP INC</StockNm>
        <EOYBookValueAmt>7764</EOYBookValueAmt>
        <EOYFMVAmt>10233</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNIVERSAL TECHNICAL INSTITUTE INC</StockNm>
        <EOYBookValueAmt>24809</EOYBookValueAmt>
        <EOYFMVAmt>35798</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERRA MOBILITY CORP CL A COM STK</StockNm>
        <EOYBookValueAmt>38969</EOYBookValueAmt>
        <EOYFMVAmt>53448</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VIANT TECHNOLOGY INC</StockNm>
        <EOYBookValueAmt>24062</EOYBookValueAmt>
        <EOYFMVAmt>17940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VITESSE ENERGY INC</StockNm>
        <EOYBookValueAmt>46125</EOYBookValueAmt>
        <EOYFMVAmt>37942</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VITESSE ENERGY INC</StockNm>
        <EOYBookValueAmt>4138</EOYBookValueAmt>
        <EOYFMVAmt>4237</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MANAGEMENT</StockNm>
        <EOYBookValueAmt>1848</EOYBookValueAmt>
        <EOYFMVAmt>10986</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALEXANDER &amp; BALDWIN INC</StockNm>
        <EOYBookValueAmt>5582</EOYBookValueAmt>
        <EOYFMVAmt>7017</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPS ETF TR ALERIAN MLP</StockNm>
        <EOYBookValueAmt>688</EOYBookValueAmt>
        <EOYFMVAmt>3997</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKSTONE MORTGAGE TRUST INC</StockNm>
        <EOYBookValueAmt>8848</EOYBookValueAmt>
        <EOYFMVAmt>8991</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRIGHTSPIRE CAPITA INC</StockNm>
        <EOYBookValueAmt>6584</EOYBookValueAmt>
        <EOYFMVAmt>6328</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>98921</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>99554</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>13825</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>13519</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>BROKER BASIS ADJUSTMENT</Desc>
        <Amt>2399</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>MN REGISTRATION FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADVISOR FEES</CategoryTxt>
        <Amt>25124</Amt>
        <NetInvestmentIncomeAmt>25124</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>141</Amt>
        <NetInvestmentIncomeAmt>141</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX PAYMENTS</CategoryTxt>
        <Amt>3918</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>