# EDGAR Filing Document

**Accession Number:** 0002105919
**File Stem:** 0002105919-26-000017
**Filing Date:** 2026-3
**Character Count:** 17693
**Document Hash:** 9a63f07cfd53f29bbafe640cb4de37bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002105919-26-000017.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0002105919-26-000017

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**EFFECTIVENESS DATE**: 20260309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Burton Enright Welch
- **CENTRAL INDEX KEY:** 0002105919

**ORGANIZATION NAME:**
- **EIN:** 271702630
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26396
- **FILM NUMBER:** 26734223

**BUSINESS ADDRESS:**
- **STREET 1:** 1850 MT DIABLO BLVD STE 335
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596-4476
- **BUSINESS PHONE:** 925-932-8010

**MAIL ADDRESS:**
- **STREET 1:** 1850 MT DIABLO BLVD STE 335
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596-4476

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Burton Enright Welch<br>**Address:** 1850 MT DIABLO BLVD STE 335<br>WALNUT CREEK, CA 94596-4476

**Form 13F File Number:** 028-26396

**CRD Number (if applicable):** 000118376

**SEC File Number (if applicable):** 801-68890

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ben Peters<br>**Title:** Lead Advisor  CCO<br>**Phone:** 925-932-8010

**Signature, Place, and Date of Signing:**

/s/Ben Peters  WALNUT CREEK, CA  02-27-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 123

**Form 13F Information Table Value Total:** $576678867

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 230541 | 1242 | SH |  | SOLE |  | 0 | 0 | 1242 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1173170 | 6657 | SH |  | SOLE |  | 0 | 0 | 6657 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1409067 | 7943 | SH |  | SOLE |  | 0 | 0 | 7943 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 2646502 | 12063 | SH |  | SOLE |  | 0 | 0 | 12063 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 | BBG00Q6ZDXT0 | 14071898 | 205309 | SH |  | SOLE |  | 0 | 0 | 205309 |
| AMERICAN CENTY ETF TR | AVANTIS RESPON U | 025072281 | BBG0161K06W0 | 688196 | 10032 | SH |  | SOLE |  | 0 | 0 | 10032 |
| AMERICAN CENTY ETF TR | AVANTIS RESPONSI | 025072299 | BBG0161JYFR2 | 223871 | 3314 | SH |  | SOLE |  | 0 | 0 | 3314 |
| AMERICAN CENTY ETF TR | AVANTIS RESPONSI | 025072315 | BBG0161JWX22 | 205144 | 3499 | SH |  | SOLE |  | 0 | 0 | 3499 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 | BBG00Q9MQ6T1 | 16982610 | 229464 | SH |  | SOLE |  | 0 | 0 | 229464 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | BBG00Q9MR7Z1 | 43884592 | 553539 | SH |  | SOLE |  | 0 | 0 | 553539 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 | BBG00Q9MPQH1 | 25535702 | 253280 | SH |  | SOLE |  | 0 | 0 | 253280 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 39342138 | 431857 | SH |  | SOLE |  | 0 | 0 | 431857 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 425839 | 1335 | SH |  | SOLE |  | 0 | 0 | 1335 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 201032 | 720 | SH |  | SOLE |  | 0 | 0 | 720 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 7099320 | 34602 | SH |  | SOLE |  | 0 | 0 | 34602 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 338917 | 11711 | SH |  | SOLE |  | 0 | 0 | 11711 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 867783 | 2814 | SH |  | SOLE |  | 0 | 0 | 2814 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 2920627 | 61721 | SH |  | SOLE |  | 0 | 0 | 61721 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 1407276 | 2897 | SH |  | SOLE |  | 0 | 0 | 2897 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | BBG001S76R05 | 202015 | 3675 | SH |  | SOLE |  | 0 | 0 | 3675 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 356621 | 1702 | SH |  | SOLE |  | 0 | 0 | 1702 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 3450587 | 12518 | SH |  | SOLE |  | 0 | 0 | 12518 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 821528 | 2666 | SH |  | SOLE |  | 0 | 0 | 2666 |
| CAPITAL GROUP INTERNATIONAL | SHS | 14021M107 | BBG01J9W3D87 | 4140763 | 125760 | SH |  | SOLE |  | 0 | 0 | 125760 |
| CAPITAL GROUP INTL FOCUS EQT | SHS CREATION UNI | 14019W109 | BBG015DN0WJ1 | 6181894 | 227862 | SH |  | SOLE |  | 0 | 0 | 227862 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 14020Y201 | BBG019XRCM29 | 747614 | 28011 | SH |  | SOLE |  | 0 | 0 | 28011 |
| CAPITAL GRP FIXED INCM ETF T | SHORT DURATION M | 14020Y607 | BBG01J5S8NT0 | 928448 | 35600 | SH |  | SOLE |  | 0 | 0 | 35600 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 600173 | 1546 | SH |  | SOLE |  | 0 | 0 | 1546 |
| CERUS CORP | COM | 157085101 | BBG001S97DG4 | 15589 | 11056 | SH |  | SOLE |  | 0 | 0 | 11056 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 11869646 | 82894 | SH |  | SOLE |  | 0 | 0 | 82894 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 445311 | 6418 | SH |  | SOLE |  | 0 | 0 | 6418 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 289603 | 4093 | SH |  | SOLE |  | 0 | 0 | 4093 |
| CONNECTONE BANCORP INC | COM | 20786W107 | BBG001S6YLR0 | 1844972 | 79662 | SH |  | SOLE |  | 0 | 0 | 79662 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1481036 | 1496 | SH |  | SOLE |  | 0 | 0 | 1496 |
| DIMENSIONAL ETF TRUST | CALIF MUN BD ETF | 25434V633 | BBG01H4ZQZZ5 | 407940 | 8278 | SH |  | SOLE |  | 0 | 0 | 8278 |
| DIMENSIONAL ETF TRUST | EMERGING MARKETS | 25434V682 | BBG01B92W7S9 | 1091675 | 28683 | SH |  | SOLE |  | 0 | 0 | 28683 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 | BBG017159MD8 | 27955754 | 941905 | SH |  | SOLE |  | 0 | 0 | 941905 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 | BBG00Y2PHW26 | 3481078 | 120244 | SH |  | SOLE |  | 0 | 0 | 120244 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 | BBG01BN60P09 | 3002083 | 111893 | SH |  | SOLE |  | 0 | 0 | 111893 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 | BBG01B92VTS2 | 287733 | 7301 | SH |  | SOLE |  | 0 | 0 | 7301 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 | BBG00Y2PGDN6 | 2209146 | 63904 | SH |  | SOLE |  | 0 | 0 | 63904 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 | BBG01631TNW2 | 30683650 | 986930 | SH |  | SOLE |  | 0 | 0 | 986930 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 | BBG01633DW64 | 327375 | 10971 | SH |  | SOLE |  | 0 | 0 | 10971 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 | BBG01633Y2Y6 | 2442877 | 74229 | SH |  | SOLE |  | 0 | 0 | 74229 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 | BBG012558MV6 | 512444 | 10804 | SH |  | SOLE |  | 0 | 0 | 10804 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 | BBG00Y2JG0C0 | 3501483 | 82660 | SH |  | SOLE |  | 0 | 0 | 82660 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 | BBG01J6LTBL5 | 3043280 | 45524 | SH |  | SOLE |  | 0 | 0 | 45524 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 120400427 | 3359387 | SH |  | SOLE |  | 0 | 0 | 3359387 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 | BBG015DLMLQ7 | 35262521 | 991634 | SH |  | SOLE |  | 0 | 0 | 991634 |
| DIMENSIONAL ETF TRUST | US REAL ESTATE E | 25434V823 | BBG015GTL6R0 | 13963132 | 595189 | SH |  | SOLE |  | 0 | 0 | 595189 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 | BBG015DG3GG1 | 2531402 | 86014 | SH |  | SOLE |  | 0 | 0 | 86014 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILTY | 25434V716 | BBG01B92NHL4 | 2117106 | 53939 | SH |  | SOLE |  | 0 | 0 | 53939 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 | BBG011DXY0L8 | 3215909 | 59598 | SH |  | SOLE |  | 0 | 0 | 59598 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 492953 | 3975 | SH |  | SOLE |  | 0 | 0 | 3975 |
| DOCUSIGN INC | COM | 256163106 | BBG001T535D5 | 273161 | 3507 | SH |  | SOLE |  | 0 | 0 | 3507 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 2270896 | 2913 | SH |  | SOLE |  | 0 | 0 | 2913 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 200725 | 2912 | SH |  | SOLE |  | 0 | 0 | 2912 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG001S5QZZ1 | 491732 | 4304 | SH |  | SOLE |  | 0 | 0 | 4304 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 325198 | 3017 | SH |  | SOLE |  | 0 | 0 | 3017 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 200716 | 627 | SH |  | SOLE |  | 0 | 0 | 627 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 356652 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 701349 | 1913 | SH |  | SOLE |  | 0 | 0 | 1913 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 349702 | 15612 | SH |  | SOLE |  | 0 | 0 | 15612 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 378820 | 1285 | SH |  | SOLE |  | 0 | 0 | 1285 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 228413 | 290 | SH |  | SOLE |  | 0 | 0 | 290 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 396690 | 730 | SH |  | SOLE |  | 0 | 0 | 730 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 381950 | 692 | SH |  | SOLE |  | 0 | 0 | 692 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 283832 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| ISHARES TR | CORE MSCI EURO | 46434V738 | BBG006MJ8984 | 2135308 | 32255 | SH |  | SOLE |  | 0 | 0 | 32255 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 533372 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1933444 | 3114 | SH |  | SOLE |  | 0 | 0 | 3114 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 1797852 | 9834 | SH |  | SOLE |  | 0 | 0 | 9834 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 735820 | 1733 | SH |  | SOLE |  | 0 | 0 | 1733 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 544062 | 2801 | SH |  | SOLE |  | 0 | 0 | 2801 |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 | BBG00J5DPW97 | 4270049 | 71108 | SH |  | SOLE |  | 0 | 0 | 71108 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 590074 | 3863 | SH |  | SOLE |  | 0 | 0 | 3863 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 729235 | 2515 | SH |  | SOLE |  | 0 | 0 | 2515 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 | BBG001S5TV87 | 4304378 | 20762 | SH |  | SOLE |  | 0 | 0 | 20762 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 353898 | 1211 | SH |  | SOLE |  | 0 | 0 | 1211 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 10315345 | 14077 | SH |  | SOLE |  | 0 | 0 | 14077 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1422300 | 1927 | SH |  | SOLE |  | 0 | 0 | 1927 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3759549 | 7558 | SH |  | SOLE |  | 0 | 0 | 7558 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 271844 | 203 | SH |  | SOLE |  | 0 | 0 | 203 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 2491977 | 15773 | SH |  | SOLE |  | 0 | 0 | 15773 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1007010 | 4606 | SH |  | SOLE |  | 0 | 0 | 4606 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 450583 | 3412 | SH |  | SOLE |  | 0 | 0 | 3412 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 483395 | 3034 | SH |  | SOLE |  | 0 | 0 | 3034 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 279834 | 3067 | SH |  | SOLE |  | 0 | 0 | 3067 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 341575 | 15456 | SH |  | SOLE |  | 0 | 0 | 15456 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 871302 | 36563 | SH |  | SOLE |  | 0 | 0 | 36563 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 399988 | 16366 | SH |  | SOLE |  | 0 | 0 | 16366 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 250308 | 9894 | SH |  | SOLE |  | 0 | 0 | 9894 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1107856 | 1793 | SH |  | SOLE |  | 0 | 0 | 1793 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 | BBG001T66XM9 | 356700 | 14071 | SH |  | SOLE |  | 0 | 0 | 14071 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 667701 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 2344967 | 7382 | SH |  | SOLE |  | 0 | 0 | 7382 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 213849 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 1097812 | 14910 | SH |  | SOLE |  | 0 | 0 | 14910 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | BBG00ZXBYMT4 | 333717 | 6692 | SH |  | SOLE |  | 0 | 0 | 6692 |
| VANGUARD CALIF TAX FREE FDS | TAX EXEMPT BD FD | 922021605 | BBG01L82WF19 | 1334134 | 13668 | SH |  | SOLE |  | 0 | 0 | 13668 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 21879014 | 441911 | SH |  | SOLE |  | 0 | 0 | 441911 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 1627038 | 18269 | SH |  | SOLE |  | 0 | 0 | 18269 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 215057 | 379 | SH |  | SOLE |  | 0 | 0 | 379 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 670203 | 2205 | SH |  | SOLE |  | 0 | 0 | 2205 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 | BBG01S6YYQV7 | 1183340 | 15663 | SH |  | SOLE |  | 0 | 0 | 15663 |
| VANGUARD INSTL INDEX FD | ULTRA-SHORT TREA | 922040852 | BBG01S6YVK16 | 307614 | 4073 | SH |  | SOLE |  | 0 | 0 | 4073 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 463492 | 9371 | SH |  | SOLE |  | 0 | 0 | 9371 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 7324223 | 94506 | SH |  | SOLE |  | 0 | 0 | 94506 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 378162 | 2942 | SH |  | SOLE |  | 0 | 0 | 2942 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 | BBG01KH0XWG1 | 14172935 | 182688 | SH |  | SOLE |  | 0 | 0 | 182688 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 | BBG01KG1P4G1 | 763138 | 9809 | SH |  | SOLE |  | 0 | 0 | 9809 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 14853985 | 295484 | SH |  | SOLE |  | 0 | 0 | 295484 |
| VANGUARD MUN BD FDS | CORE TAX EXEMPT | 922907712 | BBG01QXXCZC8 | 265515 | 3609 | SH |  | SOLE |  | 0 | 0 | 3609 |
| VANGUARD MUN BD FDS | SHORT TAX EXEMPT | 922907696 | BBG01QXXK713 | 930628 | 12292 | SH |  | SOLE |  | 0 | 0 | 12292 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 314765 | 3796 | SH |  | SOLE |  | 0 | 0 | 3796 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 208150 | 1017 | SH |  | SOLE |  | 0 | 0 | 1017 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 915662 | 16061 | SH |  | SOLE |  | 0 | 0 | 16061 |
| VANGUARD WELLINGTON FD | SHORT TRM TAX EX | 921935870 | BBG01FQJQMT7 | 2330979 | 23095 | SH |  | SOLE |  | 0 | 0 | 23095 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 240497 | 363 | SH |  | SOLE |  | 0 | 0 | 363 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1381145 | 3890 | SH |  | SOLE |  | 0 | 0 | 3890 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 332550 | 3401 | SH |  | SOLE |  | 0 | 0 | 3401 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 731366 | 9128 | SH |  | SOLE |  | 0 | 0 | 9128 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG001SBW7S1 | 660342 | 4042 | SH |  | SOLE |  | 0 | 0 | 4042 |

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