* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
Person Signing this Report on Behalf of Reporting Manager:
Name
Title
City, State
Date
Herbert E. Scruggs
Managing Director
Salt Lake City, Utah
8/6/2019
Other Included Managers (1):
Num
Name
File Number
1
AVALON ADVISORS, LLC
028-10434
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