# EDGAR Filing Document

**Accession Number:** 0001099762
**File Stem:** 0001951757-26-000205
**Filing Date:** 2026-1
**Character Count:** 22290
**Document Hash:** e4fc585a527353b7addf0a34e78bc1a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-26-000205.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001951757-26-000205

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**EFFECTIVENESS DATE**: 20260116

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARINO, STRAM & ASSOCIATES LLC
- **CENTRAL INDEX KEY:** 0001099762

**ORGANIZATION NAME:**
- **EIN:** 271497719
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18679
- **FILM NUMBER:** 26540117

**BUSINESS ADDRESS:**
- **STREET 1:** 25 BRAINTREE HILL OFFICE PARK
- **STREET 2:** SUITE 303
- **CITY:** BRAINTREE
- **STATE:** MA
- **ZIP:** 02184
- **BUSINESS PHONE:** 781-843-3500

**MAIL ADDRESS:**
- **STREET 1:** 25 BRAINTREE HILL OFFICE PARK
- **STREET 2:** SUITE 303
- **CITY:** BRAINTREE
- **STATE:** MA
- **ZIP:** 02184

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARINO STRAM & ASSOCIATES                               /ADV
- **DATE OF NAME CHANGE:** 19991124

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** MARINO STRAM  ASSOCIATES LLC<br>**Address:** 25 BRAINTREE HILL OFFICE PARK<br>SUITE 303<br>BRAINTREE, MA 02184

**Form 13F File Number:** 028-18679

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:** Richard Stram<br>**Title:** Chief Compliance Officer<br>**Phone:** 781-843-3500

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

Richard Stram  Braintree, MA  01-16-2026<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:** 6

**Form 13F Information Table Entry Total:** 185

**Form 13F Information Table Value Total:** $553421911

      (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.]

| No.   | Name            | Form 13F File Number   |
|:---|:---|:---|
|  | COLUMBIA        |  |
|  | CONGRESS        |  |
|  | EAGLE           |  |
|  | HARDING LOEVNER |  |
|  | MAS             |  |
|  | WEDGEWOOD       |  |

### 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 |
| AT INC | COM | 00206R102 |  | 398898 | 16059 | SH |  | SOLE |  | 0 | 0 | 16059 |
| ABBOTT LABS | COM | 002824100 |  | 269637 | 2152 | SH |  | SOLE |  | 0 | 0 | 2152 |
| ABBVIE INC | COM | 00287Y109 |  | 3106900 | 13598 | SH |  | DFND | 5 | 0 | 0 | 13598 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 512151 | 3494 | SH |  | SOLE |  | 0 | 0 | 3494 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3558903 | 11341 | SH |  | SOLE |  | 0 | 0 | 11341 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3324663 | 10621 | SH |  | DFND | 1 2 6 | 0 | 0 | 10621 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1739969 | 30176 | SH |  | SOLE |  | 0 | 0 | 30176 |
| AMAZON COM INC | COM | 023135106 |  | 4748833 | 20574 | SH |  | DFND | 2 5 6 | 0 | 0 | 20574 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 278711 | 2733 | SH |  | SOLE |  | 0 | 0 | 2733 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1440173 | 12490 | SH |  | SOLE |  | 0 | 0 | 12490 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 955096 | 2582 | SH |  | DFND | 5 | 0 | 0 | 2582 |
| AMGEN INC | COM | 031162100 |  | 1767116 | 5399 | SH |  | SOLE |  | 0 | 0 | 5399 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 477638 | 3534 | SH |  | DFND | 2 | 0 | 0 | 3534 |
| ANALOG DEVICES INC | COM | 032654105 |  | 331476 | 1222 | SH |  | SOLE |  | 0 | 0 | 1222 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 568918 | 3930 | SH |  | DFND | 5 | 0 | 0 | 3930 |
| APPLE INC | COM | 037833100 |  | 12727635 | 46817 | SH |  | DFND | 2 6 | 0 | 0 | 46817 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 228185 | 887 | SH |  | SOLE |  | 0 | 0 | 887 |
| BANK AMERICA CORP | COM | 060505104 |  | 738984 | 13436 | SH |  | DFND | 1 | 0 | 0 | 13436 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6031278 | 11999 | SH |  | SOLE |  | 0 | 0 | 11999 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 224747 | 4259 | SH |  | SOLE |  | 0 | 0 | 4259 |
| BLACKSTONE INC | COM | 09260D107 |  | 507783 | 3294 | SH |  | SOLE |  | 0 | 0 | 3294 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 840467 | 13821 | SH |  | SOLE |  | 0 | 0 | 13821 |
| BLACKROCK INC | COM | 09290D101 |  | 3930235 | 3672 | SH |  | SOLE |  | 0 | 0 | 3672 |
| BOEING CO | COM | 097023105 |  | 264431 | 1218 | SH |  | DFND | 1 | 0 | 0 | 1218 |
| BROADCOM INC | COM | 11135F101 |  | 2674143 | 7726 | SH |  | DFND | 2 | 0 | 0 | 7726 |
| CVS HEALTH CORP | COM | 126650100 |  | 476744 | 6007 | SH |  | DFND | 1 | 0 | 0 | 6007 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1369985 | 8989 | SH |  | DFND | 1 | 0 | 0 | 8989 |
| CISCO SYS INC | COM | 17275R102 |  | 816454 | 10599 | SH |  | SOLE |  | 0 | 0 | 10599 |
| CITIGROUP INC | COM NEW | 172967424 |  | 786799 | 6743 | SH |  | DFND | 1 | 0 | 0 | 6743 |
| COCA COLA CO | COM | 191216100 |  | 3021730 | 43223 | SH |  | DFND | 5 | 0 | 0 | 43223 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 490741 | 6210 | SH |  | SOLE |  | 0 | 0 | 6210 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1917597 | 19307 | SH |  | SOLE |  | 0 | 0 | 19307 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 243195 | 2819 | SH |  | SOLE |  | 0 | 0 | 2819 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 201945 | 4047 | SH |  | SOLE |  | 0 | 0 | 4047 |
| DISNEY WALT CO | COM | 254687106 |  | 515627 | 4532 | SH |  | DFND | 5 | 0 | 0 | 4532 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2115757 | 18051 | SH |  | SOLE |  | 0 | 0 | 18051 |
| ENBRIDGE INC | COM | 29250N105 |  | 1167887 | 24417 | SH |  | SOLE |  | 0 | 0 | 24417 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1211355 | 13106 | SH |  | DFND | 5 | 0 | 0 | 13106 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2657895 | 22087 | SH |  | SOLE |  | 0 | 0 | 22087 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1485404 | 2250 | SH |  | DFND | 2 5 6 | 0 | 0 | 2250 |
| FASTENAL CO | COM | 311900104 |  | 1168329 | 29114 | SH |  | SOLE |  | 0 | 0 | 29114 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 31609A107 |  | 214290 | 6183 | SH |  | SOLE |  | 0 | 0 | 6183 |
| FIDELITY COVINGTON TRUST | ENHANCED INTL | 31609A404 |  | 278134 | 7603 | SH |  | SOLE |  | 0 | 0 | 7603 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 2470422 | 49418 | SH |  | SOLE |  | 0 | 0 | 49418 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 279981 | 7306 | SH |  | SOLE |  | 0 | 0 | 7306 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 932907 | 3605 | SH |  | DFND | 5 | 0 | 0 | 3605 |
| GAP INC | COM | 364760108 |  | 372477 | 14550 | SH |  | SOLE |  | 0 | 0 | 14550 |
| GE VERNOVA INC | COM | 36828A101 |  | 230064 | 352 | SH |  | DFND | 2 | 0 | 0 | 352 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 206132 | 612 | SH |  | DFND | 5 | 0 | 0 | 612 |
| GE AEROSPACE | COM NEW | 369604301 |  | 482750 | 1567 | SH |  | SOLE |  | 0 | 0 | 1567 |
| GENUINE PARTS CO | COM | 372460105 |  | 847466 | 6892 | SH |  | SOLE |  | 0 | 0 | 6892 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 313712 | 6397 | SH |  | SOLE |  | 0 | 0 | 6397 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 382820 | 436 | SH |  | DFND | 2 5 | 0 | 0 | 436 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 344646 | 8026 | SH |  | SOLE |  | 0 | 0 | 8026 |
| GOLDMAN SACHS PHYSICAL GOLD | UNIT | 38150K103 |  | 223388 | 5250 | SH |  | SOLE |  | 0 | 0 | 5250 |
| HEICO CORP NEW | COM | 422806109 |  | 201463 | 623 | SH |  | SOLE |  | 0 | 0 | 623 |
| HEICO CORP NEW | CL A | 422806208 |  | 218664 | 866 | SH |  | SOLE |  | 0 | 0 | 866 |
| HOME DEPOT INC | COM | 437076102 |  | 364758 | 1060 | SH |  | DFND | 5 | 0 | 0 | 1060 |
| NEW YORK LIFE INVESTMENTS ET | NYLI FTSE INTERN | 45409B560 |  | 8003720 | 246648 | SH |  | SOLE |  | 0 | 0 | 246648 |
| INTEL CORP | COM | 458140100 |  | 344348 | 9332 | SH |  | SOLE |  | 0 | 0 | 9332 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 200040 | 675 | SH |  | SOLE |  | 0 | 0 | 675 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5635426 | 9174 | SH |  | SOLE |  | 0 | 0 | 9174 |
| INTUIT | COM | 461202103 |  | 232668 | 351 | SH |  | SOLE |  | 0 | 0 | 351 |
| INVESCO EXCHANGE TRADED FD T | GBL LISTED PVT | 46137V118 |  | 366694 | 5467 | SH |  | SOLE |  | 0 | 0 | 5467 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5270593 | 27514 | SH |  | SOLE |  | 0 | 0 | 27514 |
| INVESCO EXCH TRADED FD TR II | CEF INM COMPSI | 46138E404 |  | 924718 | 46515 | SH |  | SOLE |  | 0 | 0 | 46515 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1579534 | 10623 | SH |  | SOLE |  | 0 | 0 | 10623 |
| ISHARES TR | CORE S ETF | 464287200 |  | 60341748 | 88098 | SH |  | SOLE |  | 0 | 0 | 88098 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 302736 | 3031 | SH |  | SOLE |  | 0 | 0 | 3031 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 1692912 | 16123 | SH |  | SOLE |  | 0 | 0 | 16123 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 2174563 | 17642 | SH |  | SOLE |  | 0 | 0 | 17642 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1064431 | 5019 | SH |  | SOLE |  | 0 | 0 | 5019 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 18020613 | 273040 | SH |  | SOLE |  | 0 | 0 | 273040 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 470775 | 2238 | SH |  | SOLE |  | 0 | 0 | 2238 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1018163 | 2151 | SH |  | SOLE |  | 0 | 0 | 2151 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 380790 | 1907 | SH |  | SOLE |  | 0 | 0 | 1907 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 13231951 | 110101 | SH |  | SOLE |  | 0 | 0 | 110101 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 5064803 | 63437 | SH |  | SOLE |  | 0 | 0 | 63437 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 1378933 | 34954 | SH |  | SOLE |  | 0 | 0 | 34954 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 2878330 | 26131 | SH |  | SOLE |  | 0 | 0 | 26131 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 1319831 | 9472 | SH |  | SOLE |  | 0 | 0 | 9472 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 387872 | 5432 | SH |  | SOLE |  | 0 | 0 | 5432 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 2771523 | 30946 | SH |  | SOLE |  | 0 | 0 | 30946 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 3101772 | 47712 | SH |  | SOLE |  | 0 | 0 | 47712 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 843562 | 17674 | SH |  | SOLE |  | 0 | 0 | 17674 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 237152 | 1950 | SH |  | SOLE |  | 0 | 0 | 1950 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 3124266 | 33180 | SH |  | SOLE |  | 0 | 0 | 33180 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 6812216 | 34298 | SH |  | SOLE |  | 0 | 0 | 34298 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 247811 | 1812 | SH |  | SOLE |  | 0 | 0 | 1812 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 1660201 | 6633 | SH |  | SOLE |  | 0 | 0 | 6633 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 268563 | 6080 | SH |  | SOLE |  | 0 | 0 | 6080 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 619076 | 8917 | SH |  | SOLE |  | 0 | 0 | 8917 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 1146840 | 24642 | SH |  | SOLE |  | 0 | 0 | 24642 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 5712923 | 82295 | SH |  | SOLE |  | 0 | 0 | 82295 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 1158014 | 7773 | SH |  | SOLE |  | 0 | 0 | 7773 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 |  | 297224 | 2451 | SH |  | SOLE |  | 0 | 0 | 2451 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 427226 | 8119 | SH |  | SOLE |  | 0 | 0 | 8119 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 9189963 | 28521 | SH |  | DFND | 1 5 | 0 | 0 | 28521 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 3855276 | 67353 | SH |  | SOLE |  | 0 | 0 | 67353 |
| J P MORGAN EXCHANGE TRADED F | US VALUE FACTR | 46641Q753 |  | 243437 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 1068764 | 21126 | SH |  | SOLE |  | 0 | 0 | 21126 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3049279 | 14734 | SH |  | SOLE |  | 0 | 0 | 14734 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 562848 | 5579 | SH |  | SOLE |  | 0 | 0 | 5579 |
| ELI LILLY  CO | COM | 532457108 |  | 3344250 | 3112 | SH |  | SOLE |  | 0 | 0 | 3112 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 775691 | 146357 | SH |  | SOLE |  | 0 | 0 | 146357 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3211090 | 6639 | SH |  | SOLE |  | 0 | 0 | 6639 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1858081 | 11425 | SH |  | DFND | 1 5 | 0 | 0 | 11425 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 448568 | 5279 | SH |  | DFND | 3 | 0 | 0 | 5279 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1141035 | 1999 | SH |  | SOLE |  | 0 | 0 | 1999 |
| MCDONALDS CORP | COM | 580135101 |  | 2927396 | 9578 | SH |  | SOLE |  | 0 | 0 | 9578 |
| MERCK  CO INC | COM | 58933Y105 |  | 2601113 | 24711 | SH |  | SOLE |  | 0 | 0 | 24711 |
| MICROSOFT CORP | COM | 594918104 |  | 9579205 | 19807 | SH |  | DFND | 2 6 | 0 | 0 | 19807 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 787356 | 14627 | SH |  | SOLE |  | 0 | 0 | 14627 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 652701 | 3677 | SH |  | DFND | 1 5 | 0 | 0 | 3677 |
| MORGAN STANLEY ETF TRUST | EATON VANCE TOTA | 61774R841 |  | 312286 | 6064 | SH |  | SOLE |  | 0 | 0 | 6064 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 604290 | 4383 | SH |  | DFND | 4 | 0 | 0 | 4383 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1826911 | 9795 | SH |  | DFND | 2 | 0 | 0 | 9795 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 702091 | 86571 | SH |  | SOLE |  | 0 | 0 | 86571 |
| NUSHARES ETF TR | NUVEEN ESG LRGCP | 67092P201 |  | 798410 | 8164 | SH |  | SOLE |  | 0 | 0 | 8164 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 282296 | 6266 | SH |  | SOLE |  | 0 | 0 | 6266 |
| OMNICOM GROUP INC | COM | 681919106 |  | 629727 | 7798 | SH |  | SOLE |  | 0 | 0 | 7798 |
| ONEOK INC NEW | COM | 682680103 |  | 739998 | 10068 | SH |  | SOLE |  | 0 | 0 | 10068 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 905159 | 4914 | SH |  | DFND | 2 | 0 | 0 | 4914 |
| PAYCHEX INC | COM | 704326107 |  | 703394 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| PEPSICO INC | COM | 713448108 |  | 1610061 | 11218 | SH |  | SOLE |  | 0 | 0 | 11218 |
| PFIZER INC | COM | 717081103 |  | 816292 | 32783 | SH |  | SOLE |  | 0 | 0 | 32783 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2038101 | 12706 | SH |  | DFND | 1 5 | 0 | 0 | 12706 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2653050 | 18513 | SH |  | SOLE |  | 0 | 0 | 18513 |
| PROGRESSIVE CORP | COM | 743315103 |  | 947998 | 4163 | SH |  | SOLE |  | 0 | 0 | 4163 |
| QUALCOMM INC | COM | 747525103 |  | 400791 | 2343 | SH |  | DFND | 1 | 0 | 0 | 2343 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 228949 | 4590 | SH |  | SOLE |  | 0 | 0 | 4590 |
| RTX CORPORATION | COM | 75513E101 |  | 760006 | 4144 | SH |  | SOLE |  | 0 | 0 | 4144 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1521364 | 2231 | SH |  | SOLE |  | 0 | 0 | 2231 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1122318 | 2832 | SH |  | SOLE |  | 0 | 0 | 2832 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 422683 | 9030 | SH |  | SOLE |  | 0 | 0 | 9030 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 377530 | 12501 | SH |  | SOLE |  | 0 | 0 | 12501 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 38940450 | 279825 | SH |  | SOLE |  | 0 | 0 | 279825 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 244622 | 509 | SH |  | SOLE |  | 0 | 0 | 509 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 204429 | 339 | SH |  | SOLE |  | 0 | 0 | 339 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R796 |  | 2153978 | 38334 | SH |  | SOLE |  | 0 | 0 | 38334 |
| SALESFORCE INC | COM | 79466L302 |  | 422031 | 1593 | SH |  | DFND | 1 | 0 | 0 | 1593 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 368546 | 13545 | SH |  | SOLE |  | 0 | 0 | 13545 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1110786 | 40495 | SH |  | SOLE |  | 0 | 0 | 40495 |
| SERVICENOW INC | COM | 81762P102 |  | 275742 | 1800 | SH |  | DFND | 2 | 0 | 0 | 1800 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1171670 | 6330 | SH |  | SOLE |  | 0 | 0 | 6330 |
| SOUTHERN CO | COM | 842587107 |  | 1118185 | 12823 | SH |  | SOLE |  | 0 | 0 | 12823 |
| TJX COS INC NEW | COM | 872540109 |  | 358635 | 2335 | SH |  | DFND | 2 | 0 | 0 | 2335 |
| T ROWE PRICE ETF INC | PRICE BLUE CHIP | 87283Q107 |  | 206171 | 4135 | SH |  | SOLE |  | 0 | 0 | 4135 |
| T ROWE PRICE ETF INC | PRICE DIV GRWT | 87283Q404 |  | 409255 | 9101 | SH |  | SOLE |  | 0 | 0 | 9101 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1746356 | 5747 | SH |  | DFND | 4 6 | 0 | 0 | 5747 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1002614 | 1730 | SH |  | DFND | 2 | 0 | 0 | 1730 |
| 3M CO | COM | 88579Y101 |  | 321076 | 2005 | SH |  | SOLE |  | 0 | 0 | 2005 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 325178 | 1121 | SH |  | SOLE |  | 0 | 0 | 1121 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1186016 | 24101 | SH |  | SOLE |  | 0 | 0 | 24101 |
| US BANCORP DEL | COM NEW | 902973304 |  | 225738 | 4230 | SH |  | SOLE |  | 0 | 0 | 4230 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 263889 | 4035 | SH |  | SOLE |  | 0 | 0 | 4035 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 233015 | 706 | SH |  | DFND | 5 6 | 0 | 0 | 706 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1457948 | 8956 | SH |  | SOLE |  | 0 | 0 | 8956 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 5160451 | 23480 | SH |  | SOLE |  | 0 | 0 | 23480 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 1507204 | 12460 | SH |  | SOLE |  | 0 | 0 | 12460 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 326772 | 1301 | SH |  | SOLE |  | 0 | 0 | 1301 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 78907979 | 549805 | SH |  | SOLE |  | 0 | 0 | 549805 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 4261576 | 47351 | SH |  | SOLE |  | 0 | 0 | 47351 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 287427 | 3143 | SH |  | SOLE |  | 0 | 0 | 3143 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 395840 | 7363 | SH |  | SOLE |  | 0 | 0 | 7363 |
| VENTAS INC | COM | 92276F100 |  | 1257885 | 16256 | SH |  | SOLE |  | 0 | 0 | 16256 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 446232 | 712 | SH |  | SOLE |  | 0 | 0 | 712 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1472589 | 8302 | SH |  | SOLE |  | 0 | 0 | 8302 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 356111 | 4024 | SH |  | SOLE |  | 0 | 0 | 4024 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 735689 | 2435 | SH |  | SOLE |  | 0 | 0 | 2435 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1893604 | 8941 | SH |  | SOLE |  | 0 | 0 | 8941 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 46510245 | 95335 | SH |  | SOLE |  | 0 | 0 | 95335 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 33547980 | 175653 | SH |  | SOLE |  | 0 | 0 | 175653 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 5863238 | 17488 | SH |  | SOLE |  | 0 | 0 | 17488 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2488697 | 61102 | SH |  | DFND | 1 | 0 | 0 | 61102 |
| VIATRIS INC | COM | 92556V106 |  | 128162 | 10294 | SH |  | SOLE |  | 0 | 0 | 10294 |
| VISA INC | COM CL A | 92826C839 |  | 1412483 | 4028 | SH |  | DFND | 2 6 | 0 | 0 | 4028 |
| WALMART INC | COM | 931142103 |  | 1957689 | 17572 | SH |  | SOLE |  | 0 | 0 | 17572 |
| WEDBUSH SER TR | DAN IVES WEDBUSH | 947913109 |  | 441185 | 13957 | SH |  | SOLE |  | 0 | 0 | 13957 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 477994 | 5129 | SH |  | DFND | 1 5 | 0 | 0 | 5129 |
| WILLIAMS COS INC | COM | 969457100 |  | 1449199 | 24109 | SH |  | DFND | 1 2 | 0 | 0 | 24109 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 270934 | 3076 | SH |  | SOLE |  | 0 | 0 | 3076 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 886578 | 17182 | SH |  | SOLE |  | 0 | 0 | 17182 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 500098 | 14951 | SH |  | SOLE |  | 0 | 0 | 14951 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 658933 | 6860 | SH |  | DFND | 5 | 0 | 0 | 6860 |

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