# EDGAR Filing Document

**Accession Number:** 0001432539
**File Stem:** 0001432539-26-000003
**Filing Date:** 2026-5
**Character Count:** 19146
**Document Hash:** bcdfa00a3619bb756660722805555a9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001432539-26-000003.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001432539-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Strategic Financial Services, Inc.
- **CENTRAL INDEX KEY:** 0001432539

**ORGANIZATION NAME:**
- **EIN:** 161334685
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13318
- **FILM NUMBER:** 26957559

**BUSINESS ADDRESS:**
- **STREET 1:** 114 BUSINESS PARK DRIVE
- **CITY:** UTICA
- **STATE:** NY
- **ZIP:** 13502
- **BUSINESS PHONE:** 3157241776

**MAIL ADDRESS:**
- **STREET 1:** 114 BUSINESS PARK DRIVE
- **CITY:** UTICA
- **STATE:** NY
- **ZIP:** 13502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategic Financial Services, Inc,
- **DATE OF NAME CHANGE:** 20131018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategic Investment Advisors, Inc
- **DATE OF NAME CHANGE:** 20080416

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Strategic Financial Services Inc.<br>**Address:** 114 BUSINESS PARK DRIVE<br>UTICA, NY 13502

**Form 13F File Number:** 028-13318

**CRD Number (if applicable):** 000109677

**SEC File Number (if applicable):** 028-13318

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:** Kasey Williams<br>**Title:** COO<br>**Phone:** 3157241776

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

Kasey Williams  Utica, NY  05-08-2026<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:** 153

**Form 13F Information Table Value Total:** $2101660607

      (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 LABORATORIES | COM | 002824100 |  | 341738 | 3329 | SH |  | SOLE | 0 | 0 | 0 | 3329 |
| ABBVIE INC | COM | 00287Y109 |  | 903589 | 4155 | SH |  | SOLE | 0 | 0 | 0 | 4155 |
| ALLSTATE CORP | COM | 020002101 |  | 285093 | 1375 | SH |  | SOLE | 0 | 0 | 0 | 1375 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2446273 | 8507 | SH |  | SOLE | 0 | 0 | 0 | 8507 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 9749798 | 33988 | SH |  | SOLE | 0 | 0 | 0 | 33988 |
| ALPS ETF TR | MED BREAKTHGH | 00162Q593 |  | 1301643 | 24869 | SH |  | SOLE | 0 | 0 | 0 | 24869 |
| AMAZON COM INC | COM | 023135106 |  | 2092072 | 10045 | SH |  | SOLE | 0 | 0 | 0 | 10045 |
| APPLE INC | COM | 037833100 |  | 17208635 | 67807 | SH |  | SOLE | 0 | 0 | 0 | 67807 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 453045 | 343 | SH |  | SOLE | 0 | 0 | 0 | 343 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 512623 | 2523 | SH |  | SOLE | 0 | 0 | 0 | 2523 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 218516 | 1842 | SH |  | SOLE | 0 | 0 | 0 | 1842 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2011682 | 4198 | SH |  | SOLE | 0 | 0 | 0 | 4198 |
| BLACKROCK INC | COM | 09290D101 |  | 3042850 | 3164 | SH |  | SOLE | 0 | 0 | 0 | 3164 |
| BOEING CO | COM | 097023105 |  | 230875 | 1160 | SH |  | SOLE | 0 | 0 | 0 | 1160 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1776755 | 422 | SH |  | SOLE | 0 | 0 | 0 | 422 |
| BROADCOM INC | COM | 11135F101 |  | 773775 | 2500 | SH |  | OTR | 0 | 0 | 0 | 2500 |
| BROADCOM INC | COM | 11135F101 |  | 542356 | 1752 | SH |  | SOLE | 0 | 0 | 0 | 1752 |
| BROADCOM INC | COM | 11135F101 |  | 773775 | 2500 | SH | Put | OTR | 0 | 0 | 0 | 2500 |
| CATERPILLAR INC | COM | 149123101 |  | 398863 | 563 | SH |  | SOLE | 0 | 0 | 0 | 563 |
| CHEVRON CORPORATION | COM | 166764100 |  | 459525 | 2221 | SH |  | SOLE | 0 | 0 | 0 | 2221 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 680216 | 2087 | SH |  | SOLE | 0 | 0 | 0 | 2087 |
| CISCO SYS INC | COM | 17275R102 |  | 1908636 | 24599 | SH |  | SOLE | 0 | 0 | 0 | 24599 |
| COCA COLA CO | COM | 191216100 |  | 450140 | 5919 | SH |  | SOLE | 0 | 0 | 0 | 5919 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 230973 | 2710 | SH |  | SOLE | 0 | 0 | 0 | 2710 |
| COMMUNITY FINANCIAL SYSTEM I | COM | 203607106 |  | 509434 | 8686 | SH |  | SOLE | 0 | 0 | 0 | 8686 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 299640 | 2270 | SH |  | SOLE | 0 | 0 | 0 | 2270 |
| CORNING INC | COM | 219350105 |  | 558973 | 4111 | SH |  | SOLE | 0 | 0 | 0 | 4111 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 2967369 | 2978 | SH |  | SOLE | 0 | 0 | 0 | 2978 |
| CSX CORP | COM | 126408103 |  | 476426 | 11606 | SH |  | SOLE | 0 | 0 | 0 | 11606 |
| DANAHER CORP DEL | COM | 235851102 |  | 209698 | 1106 | SH |  | SOLE | 0 | 0 | 0 | 1106 |
| DEERE  CO | COM | 244199105 |  | 851146 | 1511 | SH |  | SOLE | 0 | 0 | 0 | 1511 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 665592 | 10658 | SH |  | SOLE | 0 | 0 | 0 | 10658 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 43992139 | 833500 | SH |  | SOLE | 0 | 0 | 0 | 833500 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 478543 | 9875 | SH |  | SOLE | 0 | 0 | 0 | 9875 |
| DISNEY WALT CO | COM | 254687106 |  | 212513 | 2205 | SH |  | SOLE | 0 | 0 | 0 | 2205 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 212244 | 725 | SH |  | SOLE | 0 | 0 | 0 | 725 |
| ELI LILLY  CO | COM | 532457108 |  | 473682 | 515 | SH |  | SOLE | 0 | 0 | 0 | 515 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3406773 | 20080 | SH |  | SOLE | 0 | 0 | 0 | 20080 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3541237 | 12479 | SH |  | SOLE | 0 | 0 | 0 | 12479 |
| GE VERNOVA INC | COM | 36828A101 |  | 2746143 | 3146 | SH |  | SOLE | 0 | 0 | 0 | 3146 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 12225827 | 97705 | SH |  | SOLE | 0 | 0 | 0 | 97705 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 9601416 | 222255 | SH |  | SOLE | 0 | 0 | 0 | 222255 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 38385786 | 890002 | SH |  | SOLE | 0 | 0 | 0 | 890002 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US | 381430602 |  | 7396976 | 99225 | SH |  | SOLE | 0 | 0 | 0 | 99225 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 875600 | 1035 | SH |  | SOLE | 0 | 0 | 0 | 1035 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 280197 | 2072 | SH |  | SOLE | 0 | 0 | 0 | 2072 |
| HERSHEY CO | COM | 427866108 |  | 258615 | 1244 | SH |  | SOLE | 0 | 0 | 0 | 1244 |
| HOME DEPOT INC | COM | 437076102 |  | 485113 | 1475 | SH |  | SOLE | 0 | 0 | 0 | 1475 |
| HONEYWELL INTL INC | COM | 438516106 |  | 262871 | 1163 | SH |  | SOLE | 0 | 0 | 0 | 1163 |
| IDEXX LABS INC | COM | 45168D104 |  | 510196 | 908 | SH |  | SOLE | 0 | 0 | 0 | 908 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 355816 | 1367 | SH |  | SOLE | 0 | 0 | 0 | 1367 |
| IMMUCELL CORP | COM PAR | 452525306 |  | 234210 | 37000 | SH |  | SOLE | 0 | 0 | 0 | 37000 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1050038 | 4332 | SH |  | SOLE | 0 | 0 | 0 | 4332 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 |  | 39028497 | 383497 | SH |  | SOLE | 0 | 0 | 0 | 383497 |
| ISHARES INC | EMNG MKTS EQT | 46434G889 |  | 113969393 | 1885974 | SH |  | SOLE | 0 | 0 | 0 | 1885974 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1018908 | 14608 | SH |  | SOLE | 0 | 0 | 0 | 14608 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 891268 | 9845 | SH |  | SOLE | 0 | 0 | 0 | 9845 |
| ISHARES TR | INTL EQTY FACTOR | 46434V274 |  | 338968806 | 8700431 | SH |  | SOLE | 0 | 0 | 0 | 8700431 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 407026 | 8812 | SH |  | SOLE | 0 | 0 | 0 | 8812 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 54133828 | 225567 | SH |  | SOLE | 0 | 0 | 0 | 225567 |
| ISHARES TR | MSCI USA SZE FT | 46432F370 |  | 16220909 | 101724 | SH |  | SOLE | 0 | 0 | 0 | 101724 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 482024 | 3390 | SH |  | SOLE | 0 | 0 | 0 | 3390 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 263397715 | 3990874 | SH |  | SOLE | 0 | 0 | 0 | 3990874 |
| ISHARES TR | US SML CAP EQT | 46434V290 |  | 289613030 | 3836442 | SH |  | SOLE | 0 | 0 | 0 | 3836442 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1247435 | 11713 | SH |  | SOLE | 0 | 0 | 0 | 11713 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 404369 | 4305 | SH |  | SOLE | 0 | 0 | 0 | 4305 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 29000774 | 271848 | SH |  | SOLE | 0 | 0 | 0 | 271848 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 568011 | 3988 | SH |  | SOLE | 0 | 0 | 0 | 3988 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2028185 | 38588 | SH |  | SOLE | 0 | 0 | 0 | 38588 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 202336 | 2081 | SH |  | SOLE | 0 | 0 | 0 | 2081 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 279237 | 4135 | SH |  | SOLE | 0 | 0 | 0 | 4135 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 238600 | 1130 | SH |  | SOLE | 0 | 0 | 0 | 1130 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1111763 | 1702 | SH |  | SOLE | 0 | 0 | 0 | 1702 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 307659 | 2720 | SH |  | SOLE | 0 | 0 | 0 | 2720 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 993938 | 2331 | SH |  | SOLE | 0 | 0 | 0 | 2331 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 249736 | 1007 | SH |  | SOLE | 0 | 0 | 0 | 1007 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 572292 | 5765 | SH |  | SOLE | 0 | 0 | 0 | 5765 |
| J P MORGAN EXCHANGE TRADED F | US MOMENTUM | 46641Q779 |  | 3300029 | 48587 | SH |  | SOLE | 0 | 0 | 0 | 48587 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2214382 | 9059 | SH |  | SOLE | 0 | 0 | 0 | 9059 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 7291932 | 24789 | SH |  | SOLE | 0 | 0 | 0 | 24789 |
| KLA CORP | COM NEW | 482480100 |  | 7242785 | 4919 | SH |  | SOLE | 0 | 0 | 0 | 4919 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 7936614 | 37146 | SH |  | SOLE | 0 | 0 | 0 | 37146 |
| M  T BK CORP | COM | 55261F104 |  | 2813252 | 13609 | SH |  | SOLE | 0 | 0 | 0 | 13609 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 885398 | 1772 | SH |  | SOLE | 0 | 0 | 0 | 1772 |
| MCDONALDS CORP | COM | 580135101 |  | 662688 | 2132 | SH |  | SOLE | 0 | 0 | 0 | 2132 |
| MCKESSON CORP | COM | 58155Q103 |  | 5853295 | 6764 | SH |  | SOLE | 0 | 0 | 0 | 6764 |
| MERCK  CO INC | COM | 58933Y105 |  | 2286232 | 19006 | SH |  | SOLE | 0 | 0 | 0 | 19006 |
| META PLATFORMS INC | CL A | 30303M102 |  | 806131 | 1409 | SH |  | SOLE | 0 | 0 | 0 | 1409 |
| MICROSOFT CORP | COM | 594918104 |  | 6073561 | 16407 | SH |  | SOLE | 0 | 0 | 0 | 16407 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 247103 | 4287 | SH |  | SOLE | 0 | 0 | 0 | 4287 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 843421 | 5125 | SH |  | SOLE | 0 | 0 | 0 | 5125 |
| NBT BANCORP INC | COM | 628778102 |  | 200126 | 4700 | SH |  | SOLE | 0 | 0 | 0 | 4700 |
| NETFLIX INC. | COM | 64110L106 |  | 211530 | 2200 | SH |  | SOLE | 0 | 0 | 0 | 2200 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2987578 | 32166 | SH |  | SOLE | 0 | 0 | 0 | 32166 |
| NORWOOD FINANCIAL CORP | COM | 669549107 |  | 528736 | 17972 | SH |  | SOLE | 0 | 0 | 0 | 17972 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1824755 | 10463 | SH |  | SOLE | 0 | 0 | 0 | 10463 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1299276 | 6600 | SH |  | SOLE | 0 | 0 | 0 | 6600 |
| ORACLE CORP | COM | 68389X105 |  | 3512693 | 23878 | SH |  | SOLE | 0 | 0 | 0 | 23878 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 212106 | 1450 | SH |  | SOLE | 0 | 0 | 0 | 1450 |
| PEPSICO INC | COM | 713448108 |  | 1483485 | 9553 | SH |  | SOLE | 0 | 0 | 0 | 9553 |
| PHILLIPS 66 | COM | 718546104 |  | 1067028 | 5857 | SH |  | SOLE | 0 | 0 | 0 | 5857 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 927506 | 6421 | SH |  | SOLE | 0 | 0 | 0 | 6421 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 513318 | 1895 | SH |  | SOLE | 0 | 0 | 0 | 1895 |
| PUTNAM ETF TRUST | FRANKLIN NY MUNI | 746729763 |  | 849849 | 108955 | SH |  | SOLE | 0 | 0 | 0 | 108955 |
| QUALCOMM INC | COM | 747525103 |  | 1952305 | 15160 | SH |  | SOLE | 0 | 0 | 0 | 15160 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 218917 | 610 | SH |  | SOLE | 0 | 0 | 0 | 610 |
| RTX CORPORATION | COM | 75513E101 |  | 473184 | 2453 | SH |  | SOLE | 0 | 0 | 0 | 2453 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 582582 | 6199 | SH |  | SOLE | 0 | 0 | 0 | 6199 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 215870 | 8722 | SH |  | SOLE | 0 | 0 | 0 | 8722 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 228685 | 7864 | SH |  | SOLE | 0 | 0 | 0 | 7864 |
| SOUTHERN CO | COM | 842587107 |  | 267167 | 2768 | SH |  | SOLE | 0 | 0 | 0 | 2768 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4029236 | 9364 | SH |  | SOLE | 0 | 0 | 0 | 9364 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A664 |  | 2311849 | 87903 | SH |  | SOLE | 0 | 0 | 0 | 87903 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 3798182 | 29736 | SH |  | SOLE | 0 | 0 | 0 | 29736 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1300680 | 2000 | SH | Call | OTR | 0 | 0 | 0 | 2000 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1067374 | 1641 | SH |  | SOLE | 0 | 0 | 0 | 1641 |
| TESLA INC | COM | 88160R101 |  | 2396672 | 6447 | SH |  | SOLE | 0 | 0 | 0 | 6447 |
| TJX COS INC NEW | COM | 872540109 |  | 2133273 | 13358 | SH |  | SOLE | 0 | 0 | 0 | 13358 |
| TOMPKINS FINL CORP | COM | 890110109 |  | 401690 | 5095 | SH |  | SOLE | 0 | 0 | 0 | 5095 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 387934 | 1330 | SH |  | SOLE | 0 | 0 | 0 | 1330 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1141076 | 2183 | SH |  | SOLE | 0 | 0 | 0 | 2183 |
| UNION PAC CORP | COM | 907818108 |  | 206517 | 851 | SH |  | SOLE | 0 | 0 | 0 | 851 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 770911 | 2849 | SH |  | SOLE | 0 | 0 | 0 | 2849 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2758364 | 8598 | SH |  | SOLE | 0 | 0 | 0 | 8598 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 310192 | 1581 | SH |  | SOLE | 0 | 0 | 0 | 1581 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 900596 | 3136 | SH |  | SOLE | 0 | 0 | 0 | 3136 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 305164 | 1405 | SH |  | SOLE | 0 | 0 | 0 | 1405 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 464122 | 1772 | SH |  | SOLE | 0 | 0 | 0 | 1772 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1285473 | 2943 | SH |  | SOLE | 0 | 0 | 0 | 2943 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 425568 | 1408 | SH |  | SOLE | 0 | 0 | 0 | 1408 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 660360 | 2566 | SH |  | SOLE | 0 | 0 | 0 | 2566 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 347037 | 4621 | SH |  | SOLE | 0 | 0 | 0 | 4621 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 840478 | 15550 | SH |  | SOLE | 0 | 0 | 0 | 15550 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 73352057 | 1468510 | SH |  | SOLE | 0 | 0 | 0 | 1468510 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1479239 | 29650 | SH |  | SOLE | 0 | 0 | 0 | 29650 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 420546 | 1425 | SH |  | SOLE | 0 | 0 | 0 | 1425 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 206228 | 2200 | SH |  | SOLE | 0 | 0 | 0 | 2200 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 1523385 | 15208 | SH |  | SOLE | 0 | 0 | 0 | 15208 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 71909845 | 869001 | SH |  | SOLE | 0 | 0 | 0 | 869001 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 160998101 | 2703579 | SH |  | SOLE | 0 | 0 | 0 | 2703579 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 34512848 | 589560 | SH |  | SOLE | 0 | 0 | 0 | 589560 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 72422071 | 1308320 | SH |  | SOLE | 0 | 0 | 0 | 1308320 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 115032545 | 1451149 | SH |  | SOLE | 0 | 0 | 0 | 1451149 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1171647 | 5448 | SH |  | SOLE | 0 | 0 | 0 | 5448 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1983655 | 25725 | SH |  | SOLE | 0 | 0 | 0 | 25725 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1358560 | 21201 | SH |  | SOLE | 0 | 0 | 0 | 21201 |
| VANGUARD WELLINGTON FD | US MOMENTUM | 921935508 |  | 56279543 | 285538 | SH |  | SOLE | 0 | 0 | 0 | 285538 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 14721920 | 224112 | SH |  | SOLE | 0 | 0 | 0 | 224112 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 258731 | 5154 | SH |  | SOLE | 0 | 0 | 0 | 5154 |
| VISA INC | COM CL A | 92826C839 |  | 4833422 | 15992 | SH |  | SOLE | 0 | 0 | 0 | 15992 |
| WALMART INC | COM | 931142103 |  | 842991 | 6783 | SH |  | SOLE | 0 | 0 | 0 | 6783 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 335264 | 1459 | SH |  | SOLE | 0 | 0 | 0 | 1459 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 54108344 | 583756 | SH |  | SOLE | 0 | 0 | 0 | 583756 |

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