| 142,366.48 SHS MFO VANGUARD INDEX TRUST |
9,221,077 |
9,221,077 |
| 790,627.61 SHS MFO GMO QUAL FD III |
16,342,273 |
16,342,273 |
| 716,403.88 SHS MFO VANGUARD SPECIALIZED FUNDS |
16,183,564 |
16,183,564 |
| 625,229.85 SHS MFO VANGUARD INSTL TOTAL INDEX |
32,618,241 |
32,618,241 |
| 236 SHS ALPHABET INC CAP |
163,337 |
163,337 |
| 3,316 SHS AMER ELEC PWR |
232,418 |
232,418 |
| 2,361 SHS AMERICAN INTERNATIONAL GROUP |
124,873 |
124,873 |
| 1,995 SHS APPLE INC |
190,722 |
190,722 |
| 1,939 SHS ATMOS ENERGY CORP |
157,680 |
157,680 |
| 3,896 SHS BANCO LATINOAMERICANO DE COMERCIO |
103,244 |
103,244 |
| 695 SHS BERKSHIRE HATHAWAY INC |
100,629 |
100,629 |
| 809 SHS CHEVRON CORP COM |
84,807 |
84,807 |
| 6,623 SHS CISCO SYSTEMS INC. |
190,014 |
190,014 |
| 3.996 SHS COGNEX CORP |
172,228 |
172,228 |
| 1,666 SHS CVS HEALTH CORP |
159,503 |
159,503 |
| 3,265 SHS DELTA AIR LINES INC |
118,944 |
118,944 |
| 2,782 SHS DISCOVER FINL SVCS |
149,087 |
149,087 |
| 693 SHS EOG RESOURCES INC |
57,810 |
57,810 |
| 4,464 SHS FIRSTENERGY CORP |
155,838 |
155,838 |
| 1,296 SHS FLOWSERVE CORP |
58,540 |
58,540 |
| 3,093 SHS FMC CORP |
143,237 |
143,237 |
| 898 SHS JOHNSON & JOHNSON COM |
108,928 |
108,928 |
| 1,178 SHS LAB CORP AMER HLDGS |
153,458 |
153,458 |
| 1,705 SHS MERCK & CO INC |
98,225 |
98,225 |
| 8,078 SHS MICRON TECH |
111,153 |
111,153 |
| 3,209 SHS MICROSOFT CORP |
164,204 |
164,204 |
| 2,818 SHS NASDAQ |
182,240 |
182,240 |
| 983 SHS NEXTERA ENERGY INC |
128,183 |
128,183 |
| 1,493 SHS PEPSICO INC |
158,168 |
158,168 |
| 2,012 SHS RANGE RES CORP |
86,798 |
86,798 |
| 1,049 SHS SCHLUMBERGER LTD |
82,955 |
82,955 |
| 1,456 SHS STRYKER CORP |
174,472 |
174,472 |
| 2,165 SHS TJX COS INC |
167,203 |
167,203 |
| 3,029 SHS TYSON FOODS INC |
202,307 |
202,307 |
| 1,224 SHS UNITEDHEALTH GROUP INC |
172,829 |
172,829 |
| 3,234 SHS VERIZON COMMUNICATIONS |
180,586 |
180,586 |
| 1,422 SHS WALT DISNEY CO |
139,100 |
139,100 |
| 6,389 SHS WASH FED INC |
154,997 |
154,997 |
| 678 SHS 3M CO |
118,731 |
118,731 |
| CHOICE HOTELS INTERNATIONAL CHH STOCK |
70,459,580 |
70,459,580 |
| 3,832,535 SHS MFO VANGUARD DEVELOPED MARKETS- INTERNATIONAL EQUITIES |
43,537,603 |
43,537,603 |
| 1,622 SHS AGRIUM INC-CANADA |
146,662 |
146,662 |
| 711 SHS KUKA AG NPV- GERMANY |
84,123 |
84,123 |
| 891 SHS ADR SIEMENS AG COM-GERMANY |
91,408 |
91,408 |
| 9,783 SHS DATALOGIC SOA-ITALY |
157,266 |
157,266 |
| 10,324 SHS DAIFUKU CO- JAPAN |
182,952 |
182,952 |
| 1,630 SHS ADR UNILEVER N V NY -NETHERLANDS |
76,512 |
76,512 |
| 1,526 SHS ADR NESTLE -SWITZERLAND |
117,975 |
117,975 |
| 4,208 SHS ADR ROCHE HLDG-SWITZERLAND |
138,654 |
138,654 |
| 1,000,000 SHS ING CAP FDG TR III PS |
971,250 |
971,250 |
| 1,000,000 SHS AMERICAN EXPRESS CO PS |
998,750 |
998,750 |
| 2,000,000 SHS BAC CAP TR XIII PS |
1,496,100 |
1,496,100 |
| 2,000,000 SHS BANK AMER CORP PS |
2,005,000 |
2,005,000 |
| 500,000 SHS DOMINION RES INC PS |
415,000 |
415,000 |
| 1,000,000 SHS ENBRIDGE ENERGY PARTNERS PS |
770,000 |
770,000 |
| 500,000 SHS ENTERPRISE PRODS PS |
526,997 |
526,997 |
| 2,000,000 SHS GOLDMAN SACHS CAP II PS |
1,497,840 |
1,497,840 |
| 2,000,000 SHS HARTFORD FINL SVCS PS |
2,140,000 |
2,140,000 |
| 2,000,000 SHS JPMORGAN CHASE & 7.9% PS |
2,040,000 |
2,040,000 |
| 1,000,000 SHS STANCORP FINL GROUP PS |
751,300 |
751,300 |
| 2,000,000 SHS WELLS FARGO & CO PS |
2,092,500 |
2,092,500 |
| 2,000,000 SHS XL GROUP PS |
1,390,000 |
1,390,000 |
| 672,051.69 SHS MFO VANGUARD EMERGING MARKET EQUITIES |
14,932,989 |
14,932,989 |