# EDGAR Filing Document

**Accession Number:** 0001502745
**File Stem:** 0001752724-23-008841
**Filing Date:** 2023-1
**Character Count:** 24993
**Document Hash:** 40ac6fc98dfe0451222f93f140924614
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008841.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008841

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Copeland Trust
- **CENTRAL INDEX KEY:** 0001502745
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22483
- **FILM NUMBER:** 23543783

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 PEOPLES PLAZA
- **STREET 2:** SUITE 104
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702
- **BUSINESS PHONE:** 617-399-6935

**MAIL ADDRESS:**
- **STREET 1:** 1400 PEOPLES PLAZA
- **STREET 2:** SUITE 104
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Edgartown Trust
- **DATE OF NAME CHANGE:** 20101004

## Series and Classes Contracts Data

### Copeland SMID Cap Dividend Growth Fund (Series ID: S000056507)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000178802 | Copeland SMID Cap Dividend Growth Fund Class I Shares | CSMDX           |
| C000209896 | Copeland SMID Cap Dividend Growth Fund Class A Shares | CSDGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Copeland Trust

- **b. Investment Company Act file number:** 811-22483

- **c. CIK number of Registrant:** 0001502745

- **d. LEI of Registrant:** 5493005MVJ95H6N82870

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1400 PEOPLES PLAZA

  - **City:** NEWARK

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19702

  - **Telephone number:** 617-399-6935

**Item A.2. Information about the Series.**

- **a. Name of Series:** Copeland SMID Cap Dividend Growth Fund

- **b. EDGAR series identifier (if any):** S000056507

- **c. LEI of Series:** 549300D8ZN42G33N5C61

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $49373988.86

**Total Liabilities:** $145190.10

**Net Assets:** $49228798.76

**Cash Not Reported:** $868207.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209896 | -8.68%               | 9.59%                | 4.04%                |
| Class ID C000178802 | -8.71%               | 9.62%                | 4.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $159499.52               | $-4093971.19                               |
| Month 2  | $-148707.77              | $4122218.62                                |
| Month 3  | $-1339618.63             | $3179295.70                                |

### Schedule of Portfolio Investments

| Name                                    | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US Physical Therapy Inc                 | US PHYSICAL THER          | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      5119 | NS      | $442332.79    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                        | POOL CORP                 | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      2426 | NS      | $799148.66    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.           | FACTSET RESEARCH          | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      1726 | NS      | $796186.54    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.                  | GFL ENVIRONMENTAL INC-SUB | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     31612 | NS      | $915799.64    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc.                    | HOME BANCSHARES           | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35155 | NS      | $894694.75    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation            | ENCOMPASS HEALTH          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     11442 | NS      | $669128.16    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                         | MORNINGSTAR INC           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      2847 | NS      | $697885.11    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Houghton                         | QUAKER HOUGHTON           | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      2970 | NS      | $584466.30    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                            | ENTEGRIS INC              | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     11552 | NS      | $892854.08    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifirst Corp                           | UNIFIRST CORP/MA          | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      2997 | NS      | $580698.72    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                               | MONRO INC                 | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13085 | NS      | $594974.95    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc       | ALLISON TRANSMIS          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     20084 | NS      | $899763.20    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                   | ELEMENT SOLUTIONS INC     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     30346 | NS      | $593567.76    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                          | TETRA TECH INC            | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      5358 | NS      | $828293.22    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                        | ENSIGN GROUP INC          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     10525 | NS      | $999875.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                      | COHEN & STEERS            | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      9405 | NS      | $623081.25    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation              | TERRENO REALTY C          | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14770 | NS      | $866112.80    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.     | BROADRIDGE FINL           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      3969 | NS      | $591817.59    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated          | QUEST DIAGNOSTIC          | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      5148 | NS      | $781620.84    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation | ALGONQUIN POWER           | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     38949 | NS      | $294064.95    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                    | BWX TECHNOLOGIES          | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     10612 | NS      | $646164.68    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc               | PROSPERITY BNCSH          | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9926 | NS      | $750107.82    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                   | BRUNSWICK CORP            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     10036 | NS      | $744671.20    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                           | INSPERITY INC             | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      7535 | NS      | $893274.25    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                         | LITTELFUSE INC            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      2818 | NS      | $694637.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                             | COGNEX CORP               | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     13291 | NS      | $661625.98    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings, Inc.    | COGENT COMMUNICA          | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14119 | NS      | $819607.95    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.            | JACK HENRY                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      3853 | NS      | $729565.55    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                      | CHORD ENERGY COR          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      5665 | NS      | $864082.45    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                  | LEMAITRE VASCULA          | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     14178 | NS      | $664239.30    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.              | NORTHERN OIL AND          | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     27786 | NS      | $1011132.54   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Altra Industrial Motion Corporation     | ALTRA INDUSTRIAL          | CUSIP: 02208R106<br>LEI: NQ0NIXPGW4YKG4MWM571 | Long             | EC               | CORP              | US        |      9493 | NS      | $556479.66    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co.           | RELIANCE STEEL            | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      3937 | NS      | $831848.73    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                   | AIR LEASE CORP            | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     17529 | NS      | $676969.98    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.       | BOOZ ALLEN HAMIL          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      6914 | NS      | $735649.60    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                   | CIVITAS RESOURCE          | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      8551 | NS      | $575995.36    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter Parfums Inc                       | INTER PARFUMS             | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8628 | NS      | $822162.12    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                  | DIAMONDBACK ENER          | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      5364 | NS      | $793979.28    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                       | HAMILTON LANE-A           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      9256 | NS      | $683833.28    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc                       | DOMINO'S PIZZA            | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      1580 | NS      | $614193.40    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                        | SHUTTERSTOCK INC          | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     17707 | NS      | $952990.74    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Inds Inc                            | ABM INDUSTRIES            | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     16381 | NS      | $772855.58    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                    | LANDSTAR SYSTEM           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      4486 | NS      | $775988.28    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                 | UNIVERSAL DISPLA          | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6268 | NS      | $705902.16    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Corporation   | BROOKFIELD INF-A          | CUSIP: 11275Q107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10770 | NS      | $504897.60    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                 | POWER INTEGRATIO          | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      9560 | NS      | $769388.80    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Caseys Gen Stores                       | CASEY'S GENERAL           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3444 | NS      | $836960.88    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                 | ADVANCE AUTO PAR          | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      3718 | NS      | $561380.82    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexpoint Residential Trust Inc          | NEXPOINT RESI             | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     16952 | NS      | $815221.68    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                           | POPULAR INC               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      8973 | NS      | $655208.46    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AudioCodes Ltd.                         | AUDIOCODES LTD            | CUSIP: M15342104<br>LEI: 529900TA48138NEVR854 | Long             | EC               | CORP              | IL        |     12627 | NS      | $242438.40    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp              | STANDEX INTL CO           | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      6853 | NS      | $719907.65    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                            | NORDSON CORP              | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      2623 | NS      | $620313.27    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.      | KULICKE & SOFFA           | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     15074 | NS      | $722798.30    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                          | GLOBE LIFE INC            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      5752 | NS      | $690009.92    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Incorporated         | CARLISLE COS INC          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2421 | NS      | $636989.31    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                      | CHEMED CORP               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1783 | NS      | $927160.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                     | CHURCHILL DOWNS           | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      4144 | NS      | $919802.24    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                              | STERIS PLC                | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      4263 | NS      | $791809.62    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                      | COTERRA ENERGY I          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     23771 | NS      | $663448.61    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                            | WINGSTOP INC              | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      6219 | NS      | $1029306.69   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                      | UFP INDUSTRIES I          | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      7278 | NS      | $595777.08    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                  | TRAVEL + LEISURE          | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     17659 | NS      | $686405.33    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation        | CHESAPEAKE UTIL           | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      1093 | NS      | $130864.89    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas           | BANK OZK                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     20480 | NS      | $945152.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                 | NEXSTAR MEDIA             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      4190 | NS      | $794256.40    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Company PLC                     | PERRIGO CO PLC            | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     16012 | NS      | $516066.76    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

**Name of Applicant:** Copeland Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer