# EDGAR Filing Document

**Accession Number:** 0001285973
**File Stem:** 0001285973-23-000001
**Filing Date:** 2023-1
**Character Count:** 16747
**Document Hash:** 149c7cce9b85d593a92a6cfcae13afbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001285973-23-000001.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001285973-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CUTLER INVESTMENT COUNSEL LLC
- **CENTRAL INDEX KEY:** 0001285973
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10867
- **FILM NUMBER:** 23557105

**BUSINESS ADDRESS:**
- **STREET 1:** 525 BIGHAM KNOLL
- **CITY:** JACKSONVILLE
- **STATE:** OR
- **ZIP:** 97530
- **BUSINESS PHONE:** 541-770-9000

**MAIL ADDRESS:**
- **STREET 1:** 525 BIGHAM KNOLL
- **CITY:** JACKSONVILLE
- **STATE:** OR
- **ZIP:** 97530

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** CUTLER INVESTMENT COUNSEL LLC<br>**Address:** 525 Bigham Knoll<br>Jacksonville, OR 97530

**Form 13F File Number:** 028-10867

**CRD Number (if applicable):** 000128483

**SEC File Number (if applicable):** 801-62469

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:** Brook Anderson<br>**Title:** CCO<br>**Phone:** 206-624-5863

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

/s/ Brook Anderson  Jacksonville, OR  01-26-2023<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:** 131

**Form 13F Information Table Value Total:** $655054363

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 368785 | 3359 | SH |  | SOLE |  | 3359 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 355704 | 2201 | SH |  | SOLE |  | 2201 | 0 | 0 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 262050 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 427275 | 9951 | SH |  | SOLE |  | 9951 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 12882 | 300 | PRN | Call | SOLE |  | 0 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 248445 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 682250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 658377 | 7420 | SH |  | SOLE |  | 7420 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 296483 | 3360 | SH |  | SOLE |  | 3360 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1216920 | 14487 | SH |  | SOLE |  | 14479 | 0 | 8 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 235666 | 2482 | SH |  | SOLE |  | 2482 | 0 | 0 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 412784 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3468641 | 26696 | SH |  | SOLE |  | 26597 | 0 | 99 |
| AT INC | COM | 00206R102 |  | 428799 | 23292 | SH |  | SOLE |  | 23292 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 11679695 | 45929 | SH |  | SOLE |  | 45929 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1726133 | 5588 | SH |  | SOLE |  | 5588 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 14427243 | 20359 | SH |  | SOLE |  | 20359 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 11642908 | 161819 | SH |  | SOLE |  | 161819 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 6684383 | 161325 | SH |  | SOLE |  | 161325 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 19451219 | 81196 | SH |  | SOLE |  | 81196 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 12443543 | 69327 | SH |  | SOLE |  | 69327 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 285364 | 5990 | SH |  | SOLE |  | 5990 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 679170 | 8620 | SH |  | SOLE |  | 8620 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 4102575 | 117317 | SH |  | SOLE |  | 117317 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 874410 | 1915 | SH |  | SOLE |  | 1915 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 22103777 | 51409 | SH |  | SOLE |  | 51409 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 297721 | 12262 | SH |  | SOLE |  | 12262 | 0 | 0 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 506759 | 5180 | SH |  | SOLE |  | 5180 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 238136 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 7539509 | 109857 | SH |  | SOLE |  | 109857 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1205553 | 12550 | SH |  | SOLE |  | 12550 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 14855102 | 134679 | SH |  | SOLE |  | 134679 | 0 | 0 |
| GABELLI CONV  INC SECS FD I | COM | 36240B109 |  | 48000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 200905 | 2396 | SH |  | SOLE |  | 2396 | 0 | 0 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 216699 | 3665 | SH |  | SOLE |  | 3665 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACES ULTRA SHR | 381430230 |  | 2056586 | 41360 | SH |  | SOLE |  | 41360 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 17388735 | 55052 | SH |  | SOLE |  | 55052 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 6122533 | 231651 | SH |  | SOLE |  | 231651 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 6382631 | 45302 | SH |  | SOLE |  | 45302 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 200735 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | FTSE RAFI SML | 46138E735 |  | 8836042 | 298313 | SH |  | SOLE |  | 297290 | 0 | 1023 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 220258 | 8567 | SH |  | SOLE |  | 8567 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 35754863 | 235834 | SH |  | SOLE |  | 235123 | 0 | 711 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 475580 | 1786 | SH |  | SOLE |  | 1786 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 242770 | 11025 | SH |  | SOLE |  | 11025 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 18195472 | 295189 | SH |  | SOLE |  | 294088 | 0 | 1101 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 436611 | 1805 | SH |  | SOLE |  | 1805 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 4906984 | 51849 | SH |  | SOLE |  | 51317 | 0 | 532 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5174167 | 13467 | SH |  | SOLE |  | 13402 | 0 | 65 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 320580 | 5676 | SH |  | SOLE |  | 5676 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 32453015 | 651405 | SH |  | SOLE |  | 647521 | 0 | 3884 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 201399 | 2381 | SH |  | SOLE |  | 2381 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 15004176 | 161770 | SH |  | SOLE |  | 160755 | 0 | 1015 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 17177902 | 270156 | SH |  | SOLE |  | 269401 | 0 | 755 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 510575 | 16724 | SH |  | SOLE |  | 16724 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 557151 | 5234 | SH |  | SOLE |  | 5234 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 649660 | 12358 | SH |  | SOLE |  | 12358 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 433282 | 19071 | SH |  | SOLE |  | 19071 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10317106 | 58404 | SH |  | SOLE |  | 58404 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 7252201 | 54081 | SH |  | SOLE |  | 54081 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 8892087 | 199464 | SH |  | SOLE |  | 199464 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 607700 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 6539787 | 45083 | SH |  | SOLE |  | 45083 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 15528190 | 58924 | SH |  | SOLE |  | 58924 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5928808 | 75625 | SH |  | SOLE |  | 75625 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 11756279 | 105270 | SH |  | SOLE |  | 105270 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 18786851 | 78337 | SH |  | SOLE |  | 78337 | 0 | 0 |
| MISSION PRODUCE INC | COM | 60510V108 |  | 2626503 | 226033 | SH |  | SOLE |  | 226033 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2190320 | 26200 | SH |  | SOLE |  | 26200 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 12235736 | 104570 | SH |  | SOLE |  | 104570 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 5308647 | 59498 | SH |  | SOLE |  | 59498 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 122171 | 10745 | SH |  | SOLE |  | 10745 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 12638348 | 69522 | SH |  | SOLE |  | 69522 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 287610 | 5613 | SH |  | SOLE |  | 5613 | 0 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 1139359 | 11511 | SH |  | SOLE |  | 11511 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 8059310 | 51028 | SH |  | SOLE |  | 51028 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 10541178 | 69551 | SH |  | SOLE |  | 69551 | 0 | 0 |
| PROSHARES TR | HD REPLICATION | 74347X294 |  | 396066 | 8422 | SH |  | SOLE |  | 8422 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 1892449 | 21030 | SH |  | SOLE |  | 20905 | 0 | 125 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 7110754 | 70459 | SH |  | SOLE |  | 70459 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 11899164 | 91897 | SH |  | SOLE |  | 91897 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1368128 | 4085 | SH |  | SOLE |  | 4085 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 17406443 | 209061 | SH |  | SOLE |  | 209061 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US SC | 808524763 |  | 1161039 | 24851 | SH |  | SOLE |  | 24494 | 0 | 357 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 522761 | 21096 | SH |  | SOLE |  | 20745 | 0 | 351 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 975814 | 33568 | SH |  | SOLE |  | 33002 | 0 | 566 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT SC | 808524748 |  | 1256494 | 40195 | SH |  | SOLE |  | 39516 | 0 | 679 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 923867 | 20238 | SH |  | SOLE |  | 20238 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 2373395 | 31419 | SH |  | SOLE |  | 31419 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 782312 | 17327 | SH |  | SOLE |  | 17327 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 2287024 | 56456 | SH |  | SOLE |  | 55590 | 0 | 866 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 425248 | 8211 | SH |  | SOLE |  | 8211 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 274950 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 753103 | 4439 | SH |  | SOLE |  | 4439 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 21059425 | 638939 | SH |  | SOLE |  | 635927 | 0 | 3012 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1117664 | 2909 | SH |  | SOLE |  | 2909 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1104790 | 11137 | SH |  | SOLE |  | 11137 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 339730 | 2758 | SH |  | SOLE |  | 2758 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 10815465 | 65461 | SH |  | SOLE |  | 65461 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 7016749 | 33886 | SH |  | SOLE |  | 33886 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 390097 | 2244 | SH |  | SOLE |  | 2244 | 0 | 0 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 7619387 | 314461 | SH |  | SOLE |  | 313049 | 0 | 1412 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 13858882 | 184098 | SH |  | SOLE |  | 182812 | 0 | 1286 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1933592 | 26915 | SH |  | SOLE |  | 26915 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 1062479 | 21683 | SH |  | SOLE |  | 21683 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 3145631 | 42325 | SH |  | SOLE |  | 42325 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 737149 | 15542 | SH |  | SOLE |  | 15542 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 239148 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2052249 | 9630 | SH |  | SOLE |  | 9630 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 23811563 | 116832 | SH |  | SOLE |  | 116474 | 0 | 358 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1406130 | 17048 | SH |  | SOLE |  | 17048 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 871653 | 5489 | SH |  | SOLE |  | 5489 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 282561 | 1409 | SH |  | SOLE |  | 1409 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4835256 | 25290 | SH |  | SOLE |  | 25290 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 7023154 | 50033 | SH |  | SOLE |  | 47899 | 0 | 2134 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 2407691 | 58241 | SH |  | SOLE |  | 57712 | 0 | 529 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 769519 | 8928 | SH |  | SOLE |  | 8928 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2179510 | 55914 | SH |  | SOLE |  | 55379 | 0 | 535 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1056735 | 23215 | SH |  | SOLE |  | 23215 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 858294 | 11415 | SH |  | SOLE |  | 11415 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2617780 | 17239 | SH |  | SOLE |  | 17239 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2316473 | 55194 | SH |  | SOLE |  | 54360 | 0 | 834 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 446583 | 4127 | SH |  | SOLE |  | 4127 | 0 | 0 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 254509 | 5174 | SH |  | SOLE |  | 5174 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 450304 | 3713 | SH |  | SOLE |  | 3713 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 10425436 | 264605 | SH |  | SOLE |  | 264605 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 268841 | 1294 | SH |  | SOLE |  | 1294 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 12013165 | 84399 | SH |  | SOLE |  | 84399 | 0 | 0 |
| WASHINGTON FED INC | COM | 938824109 |  | 531164 | 15832 | SH |  | SOLE |  | 15832 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 332261 | 8047 | SH |  | SOLE |  | 8047 | 0 | 0 |
| WISDOMTREE TR | US TOTAL DIVIDND | 97717W109 |  | 850570 | 14024 | SH |  | SOLE |  | 14024 | 0 | 0 |

---