# EDGAR Filing Document

**Accession Number:** 0001608057
**File Stem:** 0001608057-23-000002
**Filing Date:** 2023-1
**Character Count:** 21360
**Document Hash:** 772b1f743bf997ec2bb63270bfa6ef75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001608057-23-000002.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001608057-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**EFFECTIVENESS DATE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Curbstone Financial Management Corp
- **CENTRAL INDEX KEY:** 0001608057
- **IRS NUMBER:** 020367417
- **STATE OF INCORPORATION:** NH
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16150
- **FILM NUMBER:** 23536097

**BUSINESS ADDRESS:**
- **STREET 1:** 741 CHESTNUT STREET
- **CITY:** MANCHESTER
- **STATE:** NH
- **ZIP:** 03104
- **BUSINESS PHONE:** 603-624-8462

**MAIL ADDRESS:**
- **STREET 1:** 741 CHESTNUT STREET
- **CITY:** MANCHESTER
- **STATE:** NH
- **ZIP:** 03104

### 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:** Curbstone Financial Management Corp<br>**Address:** 741 CHESTNUT STREET<br>MANCHESTER, NH 03104

**Form 13F File Number:** 028-16150

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:** Thomas M. Lewry<br>**Title:** President<br>**Phone:** 6036248462

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

Thomas M. Lewry  MANCHESTER, NH  01-19-2023<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:** 174

**Form 13F Information Table Value Total:** $399759

      (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 |
| Barings Corporate Investors (M | BDFUND | 06759X107 |  | 5480 | 392536 | SH |  | SOLE |  | 196268 | 0 | 196268 |
| Barings Participation Inv (MPV | BDFUND | 06761A103 |  | 882 | 71616 | SH |  | SOLE |  | 35808 | 0 | 35808 |
| IShares 0-5 Year Tips ETF (STI | BDFUND | 46429B747 |  | 3073 | 31690 | SH |  | SOLE |  | 15845 | 0 | 15845 |
| IShares Dec 2023 Muni Bond ETF | BDFUND | 46435G318 |  | 1117 | 44050 | SH |  | SOLE |  | 22025 | 0 | 22025 |
| IShares Muni Bond 2024 ETF (IB | BDFUND | 46435U697 |  | 766 | 29750 | SH |  | SOLE |  | 14875 | 0 | 14875 |
| Invesco Bulletshares 2023 Corp | BDFUND | 46138J866 |  | 5355 | 255222 | SH |  | SOLE |  | 127611 | 0 | 127611 |
| Invesco Bulletshares 2024 Corp | BDFUND | 46138J841 |  | 5122 | 250050 | SH |  | SOLE |  | 125025 | 0 | 125025 |
| Invesco Bulletshares 2025 Corp | BDFUND | 46138J825 |  | 1159 | 57530 | SH |  | SOLE |  | 28765 | 0 | 28765 |
| SPDR Int Corporate Bond ETF (S | BDFUND | 78464A375 |  | 430 | 13520 | SH |  | SOLE |  | 6760 | 0 | 6760 |
| SPDR Inv't Grade Floating Rate | BDFUND | 78468R200 |  | 15439 | 508014 | SH |  | SOLE |  | 254007 | 0 | 254007 |
| SPDR Nuveen Barclays Shrt Term | BDFUND | 78468R739 |  | 1174 | 25000 | SH |  | SOLE |  | 12500 | 0 | 12500 |
| Schwab Aggregate Bond ETF (SCH | BDFUND | 808524839 |  | 2451 | 53700 | SH |  | SOLE |  | 26850 | 0 | 26850 |
| Schwab US Tips ETF (SCHP) | BDFUND | 808524870 |  | 5687 | 109800 | SH |  | SOLE |  | 54900 | 0 | 54900 |
| VanEck Vectors Shrt Mun ETF (S | BDFUND | 92189F528 |  | 709 | 42000 | SH |  | SOLE |  | 21000 | 0 | 21000 |
| Vanguard Intermediate Corp Bon | BDFUND | 92206C870 |  | 9254 | 119390 | SH |  | SOLE |  | 59695 | 0 | 59695 |
| Vanguard ST Corp Bond ETF (VCS | BDFUND | 92206C409 |  | 20929 | 278354 | SH |  | SOLE |  | 139177 | 0 | 139177 |
| Vanguard Tax-Exempt Bond Index | BDFUND | 922907746 |  | 564 | 11400 | SH |  | SOLE |  | 5700 | 0 | 5700 |
| iShares 1-5 yr Inv Grade Corp | BDFUND | 464288646 |  | 7461 | 149760 | SH |  | SOLE |  | 74880 | 0 | 74880 |
| iShares National Muni Bond (MU | BDFUND | 464288414 |  | 5915 | 56060 | SH |  | SOLE |  | 28030 | 0 | 28030 |
| iShares Short Term Nat'l Muni | BDFUND | 464288158 |  | 4270 | 40950 | SH |  | SOLE |  | 20475 | 0 | 20475 |
| iShares TIPS Bond Fund (TIP) | BDFUND | 464287176 |  | 5583 | 52448 | SH |  | SOLE |  | 26224 | 0 | 26224 |
| Healthpeak Prop (PEAK) | REIT | 42250P103 |  | 854 | 34050 | SH |  | SOLE |  | 17025 | 0 | 17025 |
| Schwab REIT ETF (SCHH) | REIT | 808524847 |  | 1049 | 54400 | SH |  | SOLE |  | 27200 | 0 | 27200 |
| Vanguard REIT Index ETF (VNQ) | REIT | 922908553 |  | 921 | 11170 | SH |  | SOLE |  | 5585 | 0 | 5585 |
| Weyerhauser (WY) | REIT | 962166104 |  | 2620 | 84510 | SH |  | SOLE |  | 42255 | 0 | 42255 |
| 3M Company (MMM) | COM | 88579Y101 |  | 952 | 7936 | SH |  | SOLE |  | 3968 | 0 | 3968 |
| A F L A C Inc. (AFL) | COM | 001055102 |  | 1115 | 15500 | SH |  | SOLE |  | 7750 | 0 | 7750 |
| AT Inc. (T) | COM | 00206R102 |  | 780 | 42352 | SH |  | SOLE |  | 21176 | 0 | 21176 |
| Abbott Laboratories (ABT) | COM | 002824100 |  | 3099 | 28228 | SH |  | SOLE |  | 14114 | 0 | 14114 |
| Abbvie Inc (ABBV) | COM | 00287Y109 |  | 1942 | 12015 | SH |  | SOLE |  | 6007 | 0 | 6007 |
| Accenture PLC (ACN) | COM | G1151C101 |  | 523 | 1960 | SH |  | SOLE |  | 980 | 0 | 980 |
| Advanced Micro Devices Inc (AM | COM | 007903107 |  | 635 | 9806 | SH |  | SOLE |  | 4903 | 0 | 4903 |
| Aerovironment (AVAV) | COM | 008073108 |  | 702 | 8190 | SH |  | SOLE |  | 4095 | 0 | 4095 |
| Air Prod  Chemicals (APD) | COM | 009158106 |  | 551 | 1786 | SH |  | SOLE |  | 893 | 0 | 893 |
| Alphabet Class A (GOOGL) | COM | 02079K305 |  | 722 | 8180 | SH |  | SOLE |  | 4090 | 0 | 4090 |
| Alphabet Class C (GOOG) | COM | 02079K107 |  | 4600 | 51847 | SH |  | SOLE |  | 25923 | 0 | 25923 |
| Amazon Com Inc (AMZN) | COM | 023135106 |  | 3400 | 40478 | SH |  | SOLE |  | 20239 | 0 | 20239 |
| Amcor PLC ADR (AMCR) | COM | Q03080100 |  | 853 | 71602 | SH |  | SOLE |  | 35801 | 0 | 35801 |
| Amgen Incorporated (AMGN) | COM | 031162100 |  | 528 | 2012 | SH |  | SOLE |  | 1006 | 0 | 1006 |
| Apple Computer (AAPL) | COM | 037833100 |  | 10416 | 80163 | SH |  | SOLE |  | 40082 | 0 | 40082 |
| Auto Data Processing (ADP) | COM | 053015103 |  | 1241 | 5196 | SH |  | SOLE |  | 2598 | 0 | 2598 |
| Autodesk Inc. (ADSK) | COM | 052769106 |  | 1702 | 9110 | SH |  | SOLE |  | 4555 | 0 | 4555 |
| BWX Technologies (BWXT) | COM | 05605H100 |  | 665 | 11450 | SH |  | SOLE |  | 5725 | 0 | 5725 |
| Bank of America Corp. (BAC) | COM | 060505104 |  | 648 | 19556 | SH |  | SOLE |  | 9778 | 0 | 9778 |
| Bank of Montreal (BMO) | COM | 063671101 |  | 1299 | 14334 | SH |  | SOLE |  | 7167 | 0 | 7167 |
| Bank of New York (BK) | COM | 064058100 |  | 483 | 10600 | SH |  | SOLE |  | 5300 | 0 | 5300 |
| Becton Dickinson (BDX) | COM | 075887109 |  | 561 | 2208 | SH |  | SOLE |  | 1104 | 0 | 1104 |
| Berkshire Hathaway Cl B (BRKB) | COM | 084670702 |  | 3397 | 10998 | SH |  | SOLE |  | 5499 | 0 | 5499 |
| Boeing Company (BA) | COM | 097023105 |  | 538 | 2826 | SH |  | SOLE |  | 1413 | 0 | 1413 |
| Bristol-Myers Squibb (BMY) | COM | 110122108 |  | 1517 | 21086 | SH |  | SOLE |  | 10543 | 0 | 10543 |
| CSG Systems Int'l (CSGS) | COM | 126349109 |  | 1019 | 17820 | SH |  | SOLE |  | 8910 | 0 | 8910 |
| CVS Health Corp. (CVS) | COM | 126650100 |  | 2587 | 27762 | SH |  | SOLE |  | 13881 | 0 | 13881 |
| Carrier Global Corp (CARR) | COM | 14448C104 |  | 962 | 23318 | SH |  | SOLE |  | 11659 | 0 | 11659 |
| Celanese (CE) | COM | 150870103 |  | 1311 | 12824 | SH |  | SOLE |  | 6412 | 0 | 6412 |
| Check Point Software Tech (CHK | COM | M22465104 |  | 2153 | 17068 | SH |  | SOLE |  | 8534 | 0 | 8534 |
| Chevron Corp (CVX) | COM | 166764100 |  | 2719 | 15146 | SH |  | SOLE |  | 7573 | 0 | 7573 |
| Chewy (CHWY) | COM | 16679L109 |  | 924 | 24910 | SH |  | SOLE |  | 12455 | 0 | 12455 |
| Cisco Systems Inc. (CSCO) | COM | 17275R102 |  | 3881 | 81460 | SH |  | SOLE |  | 40730 | 0 | 40730 |
| Coca Cola Company (KO) | COM | 191216100 |  | 1855 | 29158 | SH |  | SOLE |  | 14579 | 0 | 14579 |
| Colgate-Palmolive Co. (CL) | COM | 194162103 |  | 1158 | 14698 | SH |  | SOLE |  | 7349 | 0 | 7349 |
| Comcast Corp NEW CL A (CMCSA) | COM | 20030N101 |  | 1525 | 43620 | SH |  | SOLE |  | 21810 | 0 | 21810 |
| Concentrix Corp (CNXC) | COM | 20602D101 |  | 652 | 4900 | SH |  | SOLE |  | 2450 | 0 | 2450 |
| Constellation Brands (STZ) | COM | 21036P108 |  | 412 | 1776 | SH |  | SOLE |  | 888 | 0 | 888 |
| Danaher Corp (DHR) | COM | 235851102 |  | 1038 | 3910 | SH |  | SOLE |  | 1955 | 0 | 1955 |
| Deere Co (DE) | COM | 244199105 |  | 612 | 1428 | SH |  | SOLE |  | 714 | 0 | 714 |
| Disney Walt Hldg. Co. (DIS) | COM | 254687106 |  | 2161 | 24870 | SH |  | SOLE |  | 12435 | 0 | 12435 |
| ETFMG Prime Cyber Security ETF | COM | 26924G201 |  | 1240 | 28150 | SH |  | SOLE |  | 14075 | 0 | 14075 |
| Eaton Corporation (ETN) | COM | G29183103 |  | 414 | 2636 | SH |  | SOLE |  | 1318 | 0 | 1318 |
| Emerson Elec Co (EMR) | COM | 291011104 |  | 479 | 4982 | SH |  | SOLE |  | 2491 | 0 | 2491 |
| Estee Lauder Companies CL A ( | COM | 518439104 |  | 402 | 1620 | SH |  | SOLE |  | 810 | 0 | 810 |
| Exact Sciences (EXAS) | COM | 30063P105 |  | 690 | 13930 | SH |  | SOLE |  | 6965 | 0 | 6965 |
| Exxon Mobil (XOM) | COM | 30231G102 |  | 5077 | 46026 | SH |  | SOLE |  | 23013 | 0 | 23013 |
| Fastenal Company (FAST) | COM | 311900104 |  | 747 | 15782 | SH |  | SOLE |  | 7891 | 0 | 7891 |
| General Electric Company (GE) | COM | 369604103 |  | 457 | 5460 | SH |  | SOLE |  | 2730 | 0 | 2730 |
| General Mills Inc. (GIS) | COM | 370334104 |  | 737 | 8784 | SH |  | SOLE |  | 4392 | 0 | 4392 |
| General Motors New (GM) | COM | 37045V100 |  | 430 | 12794 | SH |  | SOLE |  | 6397 | 0 | 6397 |
| Gilead Sciences Inc. (GILD) | COM | 375558103 |  | 507 | 5910 | SH |  | SOLE |  | 2955 | 0 | 2955 |
| Globalstar Inc. (GSAT) | COM | 378973408 |  | 265 | 199400 | SH |  | SOLE |  | 99700 | 0 | 99700 |
| Graco Inc (GGG) | COM | 384109104 |  | 457 | 6800 | SH |  | SOLE |  | 3400 | 0 | 3400 |
| Hamilton Beach Brands Cl A (HB | COM | 40701T104 |  | 838 | 67646 | SH |  | SOLE |  | 33823 | 0 | 33823 |
| Hamilton Beach Brands Cl B Res | COM | 40701T203 |  | 811 | 69452 | SH |  | SOLE |  | 34726 | 0 | 34726 |
| Hologic Inc (HOLX) | COM | 436440101 |  | 1634 | 21846 | SH |  | SOLE |  | 10923 | 0 | 10923 |
| Home Depot Inc. (HD) | COM | 437076102 |  | 2418 | 7654 | SH |  | SOLE |  | 3827 | 0 | 3827 |
| Honeywell International (HON) | COM | 438516106 |  | 2026 | 9454 | SH |  | SOLE |  | 4727 | 0 | 4727 |
| Hormel Foods (HRL) | COM | 440452100 |  | 1275 | 28001 | SH |  | SOLE |  | 14001 | 0 | 14001 |
| Hyster-Yale Materials Handling | COM | 449172105 |  | 1491 | 58914 | SH |  | SOLE |  | 29457 | 0 | 29457 |
| Illinois Tool Works Inc (ITW) | COM | 452308109 |  | 1143 | 5190 | SH |  | SOLE |  | 2595 | 0 | 2595 |
| Intel Corp. (INTC) | COM | 458140100 |  | 1927 | 72907 | SH |  | SOLE |  | 36454 | 0 | 36454 |
| Invesco Water Resource Port (P | COM | 46137V142 |  | 1412 | 27400 | SH |  | SOLE |  | 13700 | 0 | 13700 |
| J P Morgan Chase  Co (JPM) | COM | 46625H100 |  | 3258 | 24298 | SH |  | SOLE |  | 12149 | 0 | 12149 |
| J.M. Smuckers Co (SJM) | COM | 832696405 |  | 2159 | 13628 | SH |  | SOLE |  | 6814 | 0 | 6814 |
| Johnson  Johnson (JNJ) | COM | 478160104 |  | 4954 | 28046 | SH |  | SOLE |  | 14023 | 0 | 14023 |
| Kohlberg Kravis  Co (KKR) | COM | 48251W104 |  | 2356 | 50748 | SH |  | SOLE |  | 25374 | 0 | 25374 |
| Korn Ferry International (KFY) | COM | 500643200 |  | 494 | 9750 | SH |  | SOLE |  | 4875 | 0 | 4875 |
| Landstar System (LSTR) | COM | 515098101 |  | 692 | 4246 | SH |  | SOLE |  | 2123 | 0 | 2123 |
| LeMaitre Vascular (LMAT) | COM | 525558201 |  | 442 | 9600 | SH |  | SOLE |  | 4800 | 0 | 4800 |
| Lilly Eli  Company (LLY) | COM | 532457108 |  | 3108 | 8496 | SH |  | SOLE |  | 4248 | 0 | 4248 |
| Lowes Companies Inc. (LOW) | COM | 548661107 |  | 642 | 3224 | SH |  | SOLE |  | 1612 | 0 | 1612 |
| McDonalds Corp (MCD) | COM | 580135101 |  | 1436 | 5450 | SH |  | SOLE |  | 2725 | 0 | 2725 |
| Merck  Co Inc. (MRK) | COM | 589331107 |  | 3061 | 27586 | SH |  | SOLE |  | 13793 | 0 | 13793 |
| Microsoft Corp. (MSFT) | COM | 594918104 |  | 6068 | 25304 | SH |  | SOLE |  | 12652 | 0 | 12652 |
| Mondelez (MDLZ) | COM | 609207105 |  | 425 | 6370 | SH |  | SOLE |  | 3185 | 0 | 3185 |
| Morgan Stanley (MS) | COM | 617446448 |  | 483 | 5682 | SH |  | SOLE |  | 2841 | 0 | 2841 |
| Nacco Inds Inc CL A (NC) | COM | 629579103 |  | 979 | 25776 | SH |  | SOLE |  | 12888 | 0 | 12888 |
| NextEra Energy (NEE) | COM | 65339F101 |  | 1996 | 23870 | SH |  | SOLE |  | 11935 | 0 | 11935 |
| Norfolk Southern Cop (NSC) | COM | 655844108 |  | 574 | 2328 | SH |  | SOLE |  | 1164 | 0 | 1164 |
| Oracle Corp. (ORCL) | COM | 68389X105 |  | 1124 | 13750 | SH |  | SOLE |  | 6875 | 0 | 6875 |
| Otis Worldwide (OTIS) | COM | 68902V107 |  | 593 | 7568 | SH |  | SOLE |  | 3784 | 0 | 3784 |
| PepsiCo Inc. (PEP) | COM | 713448108 |  | 4638 | 25674 | SH |  | SOLE |  | 12837 | 0 | 12837 |
| Pfizer Inc (PFE) | COM | 717081103 |  | 3076 | 60035 | SH |  | SOLE |  | 30017 | 0 | 30017 |
| Phillips 66 (PSX) | COM | 718546104 |  | 1762 | 16926 | SH |  | SOLE |  | 8463 | 0 | 8463 |
| Procter  Gamble (PG) | COM | 742718109 |  | 3357 | 22148 | SH |  | SOLE |  | 11074 | 0 | 11074 |
| ROBO Gbl Robotics  Auto'n ETF | COM | 301505707 |  | 1059 | 22860 | SH |  | SOLE |  | 11430 | 0 | 11430 |
| Raytheon Technologies (RTX) | COM | 75513E101 |  | 2634 | 26100 | SH |  | SOLE |  | 13050 | 0 | 13050 |
| Regions Financial Corp (RF) | COM | 7591EP100 |  | 573 | 26600 | SH |  | SOLE |  | 13300 | 0 | 13300 |
| SYNNEX Corp (SNX) | COM | 87162W100 |  | 616 | 6500 | SH |  | SOLE |  | 3250 | 0 | 3250 |
| Salesforce.com (CRM) | COM | 79466L302 |  | 498 | 3756 | SH |  | SOLE |  | 1878 | 0 | 1878 |
| Smith  Nephew (SNN) | COM | 83175M205 |  | 752 | 27950 | SH |  | SOLE |  | 13975 | 0 | 13975 |
| Sonoco Products (SON) | COM | 835495102 |  | 1721 | 28350 | SH |  | SOLE |  | 14175 | 0 | 14175 |
| Southwest Airlines (LUV) | COM | 844741108 |  | 803 | 23850 | SH |  | SOLE |  | 11925 | 0 | 11925 |
| Sprouts Farmers Markets (SFM) | COM | 85208M102 |  | 545 | 16840 | SH |  | SOLE |  | 8420 | 0 | 8420 |
| Standard Motor Products (SMP) | COM | 853666105 |  | 536 | 15402 | SH |  | SOLE |  | 7701 | 0 | 7701 |
| Starbucks Corp. (SBUX) | COM | 855244109 |  | 1169 | 11782 | SH |  | SOLE |  | 5891 | 0 | 5891 |
| State Street Corp (STT) | COM | 857477103 |  | 710 | 9150 | SH |  | SOLE |  | 4575 | 0 | 4575 |
| Stryker Corp. (SYK) | COM | 863667101 |  | 608 | 2488 | SH |  | SOLE |  | 1244 | 0 | 1244 |
| Sysco Corp. (SYY) | COM | 871829107 |  | 2349 | 30732 | SH |  | SOLE |  | 15366 | 0 | 15366 |
| T Rowe Price Group (TROW) | COM | 74144T108 |  | 695 | 6370 | SH |  | SOLE |  | 3185 | 0 | 3185 |
| TJX Cos Inc (TJX) | COM | 872540109 |  | 4046 | 50832 | SH |  | SOLE |  | 25416 | 0 | 25416 |
| Taiwan Semiconductor ADRF Spon | COM | 874039100 |  | 991 | 13300 | SH |  | SOLE |  | 6650 | 0 | 6650 |
| Target Corporation (TGT) | COM | 87612E106 |  | 1795 | 12044 | SH |  | SOLE |  | 6022 | 0 | 6022 |
| Texas Instruments Inc (TXN) | COM | 882508104 |  | 867 | 5248 | SH |  | SOLE |  | 2624 | 0 | 2624 |
| The Blackstone Group (BX) | COM | 09260D107 |  | 436 | 5880 | SH |  | SOLE |  | 2940 | 0 | 2940 |
| The Trade Desk Inc (TTD) | COM | 88339J105 |  | 632 | 14100 | SH |  | SOLE |  | 7050 | 0 | 7050 |
| Trex Inc (TREX) | COM | 89531P105 |  | 1234 | 29150 | SH |  | SOLE |  | 14575 | 0 | 14575 |
| US Bancorp (USB) | COM | 902973304 |  | 2051 | 47020 | SH |  | SOLE |  | 23510 | 0 | 23510 |
| Ulta Beauty (ULTA) | COM | 903845303 |  | 1858 | 3960 | SH |  | SOLE |  | 1980 | 0 | 1980 |
| Unilever PLC ADR New F (UL) | COM | 904767704 |  | 983 | 19528 | SH |  | SOLE |  | 9764 | 0 | 9764 |
| Union Pacific Corp. (UNP) | COM | 907818108 |  | 673 | 3248 | SH |  | SOLE |  | 1624 | 0 | 1624 |
| United Parcel Service Cl B (UP | COM | 911312106 |  | 649 | 3732 | SH |  | SOLE |  | 1866 | 0 | 1866 |
| Unitedhealth Group Inc. (UNH) | COM | 91324P102 |  | 623 | 1176 | SH |  | SOLE |  | 588 | 0 | 588 |
| Verisk Analytics (VRSK) | COM | 92345Y106 |  | 1879 | 10650 | SH |  | SOLE |  | 5325 | 0 | 5325 |
| Verizon Communications (VZ) | COM | 92343V104 |  | 1766 | 44826 | SH |  | SOLE |  | 22413 | 0 | 22413 |
| Visa Inc (V) | COM | 92826C839 |  | 2316 | 11146 | SH |  | SOLE |  | 5573 | 0 | 5573 |
| WD 40 Co (WDFC) | COM | 929236107 |  | 1365 | 8466 | SH |  | SOLE |  | 4233 | 0 | 4233 |
| WalMart Inc. (WMT) | COM | 931142103 |  | 726 | 5118 | SH |  | SOLE |  | 2559 | 0 | 2559 |
| Zimmer Biomet Holdings Inc. (Z | COM | 98956P102 |  | 526 | 4126 | SH |  | SOLE |  | 2063 | 0 | 2063 |
| Zoetis Inc (ZTS) | COM | 98978V103 |  | 1691 | 11540 | SH |  | SOLE |  | 5770 | 0 | 5770 |
| IShares S 100 Index (OEF) | ETF | 464287101 |  | 829 | 4860 | SH |  | SOLE |  | 2430 | 0 | 2430 |
| Invesco S 500 Equal Weighted | ETF | 46137V357 |  | 4645 | 32885 | SH |  | SOLE |  | 16443 | 0 | 16443 |
| Invesco S 500 Low Vol ETF (S | ETF | 46138E354 |  | 670 | 10480 | SH |  | SOLE |  | 5240 | 0 | 5240 |
| Invesco SP500 Hi Div Low Vol ( | ETF | 46138E362 |  | 697 | 15900 | SH |  | SOLE |  | 7950 | 0 | 7950 |
| SPDR S Dividend ETF (SDY) | ETF | 78464A763 |  | 920 | 7350 | SH |  | SOLE |  | 3675 | 0 | 3675 |
| SPDR S Midcap 400 (MDY) | ETF | 78467Y107 |  | 14055 | 31742 | SH |  | SOLE |  | 15871 | 0 | 15871 |
| SPDR Trust S 500 (SPY) | ETF | 78462F103 |  | 1165 | 3047 | SH |  | SOLE |  | 1524 | 0 | 1524 |
| Schwab Large Cap Growth ETF (S | ETF | 808524300 |  | 8347 | 150241 | SH |  | SOLE |  | 75120 | 0 | 75120 |
| Schwab Large Cap US ETF (SCHX) | ETF | 808524201 |  | 3802 | 84200 | SH |  | SOLE |  | 42100 | 0 | 42100 |
| Schwab US Broad Market ETF (SC | ETF | 808524102 |  | 6419 | 143248 | SH |  | SOLE |  | 71624 | 0 | 71624 |
| Schwab US Dividend Equity (SCH | ETF | 808524797 |  | 5970 | 79036 | SH |  | SOLE |  | 39518 | 0 | 39518 |
| Schwab US Mid Cap ETF (SCHM) | ETF | 808524508 |  | 11863 | 180810 | SH |  | SOLE |  | 90405 | 0 | 90405 |
| Schwab US Small Cap ETF (SCHA) | ETF | 808524607 |  | 7324 | 180802 | SH |  | SOLE |  | 90401 | 0 | 90401 |
| Vanguard Extended Market Index | ETF | 922908652 |  | 1697 | 12770 | SH |  | SOLE |  | 6385 | 0 | 6385 |
| Vanguard High Dividend Yield E | ETF | 921946406 |  | 486 | 4490 | SH |  | SOLE |  | 2245 | 0 | 2245 |
| Vanguard Mid Cap ETF (VO) | ETF | 922908629 |  | 795 | 3900 | SH |  | SOLE |  | 1950 | 0 | 1950 |
| Vanguard S 500 ETF (VOO) | ETF | 922908363 |  | 10045 | 28590 | SH |  | SOLE |  | 14295 | 0 | 14295 |
| Vanguard Small Cap Growth (VBK | ETF | 922908595 |  | 2647 | 13200 | SH |  | SOLE |  | 6600 | 0 | 6600 |
| iShares S US Preferred Stock | ETF | 464288687 |  | 4129 | 135230 | SH |  | SOLE |  | 67615 | 0 | 67615 |
| IShares S Global 100 ETF (IO | ETF | 464287572 |  | 1337 | 20880 | SH |  | SOLE |  | 10440 | 0 | 10440 |
| Ishares Int'l Select Dividend | ETF | 464288448 |  | 554 | 20410 | SH |  | SOLE |  | 10205 | 0 | 10205 |
| Ishares MSCI Ireland ETF (EIRL | ETF | 46429B507 |  | 596 | 13040 | SH |  | SOLE |  | 6520 | 0 | 6520 |
| Schwab Emerging Markets ETF (S | ETF | 808524706 |  | 2178 | 92000 | SH |  | SOLE |  | 46000 | 0 | 46000 |
| Schwab International Equity ET | ETF | 808524805 |  | 12109 | 375950 | SH |  | SOLE |  | 187975 | 0 | 187975 |
| Vanguard Total World Stock Mar | ETF | 922042742 |  | 408 | 4730 | SH |  | SOLE |  | 2365 | 0 | 2365 |
| iShares MSCI Canada Index Fund | ETF | 464286509 |  | 484 | 14780 | SH |  | SOLE |  | 7390 | 0 | 7390 |
| iShares TR MSCI EAFE Fd (EFA) | ETF | 464287465 |  | 2557 | 38961 | SH |  | SOLE |  | 19480 | 0 | 19480 |

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