# EDGAR Filing Document

**Accession Number:** 0001729428
**File Stem:** 0001568068-23-000001
**Filing Date:** 2023-1
**Character Count:** 18550
**Document Hash:** 7a416caf8bd70f488fc0cd940928209f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001568068-23-000001.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001568068-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monument Capital Management
- **CENTRAL INDEX KEY:** 0001729428
- **IRS NUMBER:** 262076721
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18260
- **FILM NUMBER:** 23558809

**BUSINESS ADDRESS:**
- **STREET 1:** 1701 DUKE STREET
- **STREET 2:** SUITE 425
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
- **BUSINESS PHONE:** 703-504-9600

**MAIL ADDRESS:**
- **STREET 1:** 1701 DUKE STREET
- **STREET 2:** SUITE 425
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314

### 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:** Monument Capital Management<br>**Address:** 1701 DUKE STREET<br>SUITE 425<br>ALEXANDRIA, VA 22314

**Form 13F File Number:** 028-18260

**CRD Number (if applicable):** 000159882

**SEC File Number (if applicable):** 801-76802

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:** David Armstrong<br>**Title:** Managing Member<br>**Phone:** 703-504-9600

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

David Armstrong  Alexandria, VA  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:** 155

**Form 13F Information Table Value Total:** $292455351

      (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 |
| 3M CO | COM | 88579Y101 |  | 371512 | 3098 | SH |  | SOLE |  | 0 | 0 | 3098 |
| ABBOTT LABS | COM | 002824100 |  | 235122 | 2142 | SH |  | SOLE |  | 0 | 0 | 2142 |
| ABBVIE INC | COM | 00287Y109 |  | 2709355 | 16765 | SH |  | SOLE |  | 0 | 0 | 16765 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 263943 | 989 | SH |  | SOLE |  | 0 | 0 | 989 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 213316 | 692 | SH |  | SOLE |  | 0 | 0 | 692 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 357861 | 4056 | SH |  | SOLE |  | 0 | 0 | 4056 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 282871 | 3188 | SH |  | SOLE |  | 0 | 0 | 3188 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 247282 | 5410 | SH |  | SOLE |  | 0 | 0 | 5410 |
| AMAZON COM INC | COM | 023135106 |  | 325248 | 3872 | SH |  | SOLE |  | 0 | 0 | 3872 |
| AMGEN INC | COM | 031162100 |  | 589472 | 2244 | SH |  | SOLE |  | 0 | 0 | 2244 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 1698314 | 54802 | SH |  | SOLE |  | 0 | 0 | 54802 |
| APPLE INC | COM | 037833100 |  | 3147584 | 24225 | SH |  | SOLE |  | 0 | 0 | 24225 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 312707 | 4981 | SH |  | SOLE |  | 0 | 0 | 4981 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 2660612 | 28655 | SH |  | SOLE |  | 0 | 0 | 28655 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 678421 | 36731 | SH |  | SOLE |  | 0 | 0 | 36731 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 483365 | 2024 | SH |  | SOLE |  | 0 | 0 | 2024 |
| AUTOZONE INC | COM | 053332102 |  | 345265 | 140 | SH |  | SOLE |  | 0 | 0 | 140 |
| BANK HAWAII CORP | COM | 062540109 |  | 711205 | 9170 | SH |  | SOLE |  | 0 | 0 | 9170 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 937422 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 220864 | 715 | SH |  | SOLE |  | 0 | 0 | 715 |
| BLACKROCK TCP CAPITAL CORP | COM | 09259E108 |  | 678853 | 52462 | SH |  | SOLE |  | 0 | 0 | 52462 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 800051 | 37792 | SH |  | SOLE |  | 0 | 0 | 37792 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 477690 | 6639 | SH |  | SOLE |  | 0 | 0 | 6639 |
| BROADCOM INC | COM | 11135F101 |  | 685639 | 1226 | SH |  | SOLE |  | 0 | 0 | 1226 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1942767 | 29944 | SH |  | SOLE |  | 0 | 0 | 29944 |
| CATERPILLAR INC | COM | 149123101 |  | 4341994 | 18125 | SH |  | SOLE |  | 0 | 0 | 18125 |
| CF INDS HLDGS INC | COM | 125269100 |  | 1650501 | 19372 | SH |  | SOLE |  | 0 | 0 | 19372 |
| CHEVRON CORP NEW | COM | 166764100 |  | 4897908 | 27288 | SH |  | SOLE |  | 0 | 0 | 27288 |
| CIGNA CORP NEW | COM | 125523100 |  | 520535 | 1571 | SH |  | SOLE |  | 0 | 0 | 1571 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 2068717 | 20204 | SH |  | SOLE |  | 0 | 0 | 20204 |
| CION INVT CORP | COM | 17259U204 |  | 185045 | 18979 | SH |  | SOLE |  | 0 | 0 | 18979 |
| CISCO SYS INC | COM | 17275R102 |  | 1016828 | 21344 | SH |  | SOLE |  | 0 | 0 | 21344 |
| COCA COLA CO | COM | 191216100 |  | 1366234 | 21478 | SH |  | SOLE |  | 0 | 0 | 21478 |
| COCA COLA CONS INC | COM | 191098102 |  | 2152424 | 4201 | SH |  | SOLE |  | 0 | 0 | 4201 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2554855 | 32426 | SH |  | SOLE |  | 0 | 0 | 32426 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 316524 | 2682 | SH |  | SOLE |  | 0 | 0 | 2682 |
| CROWN CASTLE INC | COM | 22822V101 |  | 897020 | 6613 | SH |  | SOLE |  | 0 | 0 | 6613 |
| CVS HEALTH CORP | COM | 126650100 |  | 3018042 | 32386 | SH |  | SOLE |  | 0 | 0 | 32386 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 406878 | 4058 | SH |  | SOLE |  | 0 | 0 | 4058 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 267371 | 11012 | SH |  | SOLE |  | 0 | 0 | 11012 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2336137 | 9487 | SH |  | SOLE |  | 0 | 0 | 9487 |
| DOVER CORP | COM | 260003108 |  | 2588710 | 19118 | SH |  | SOLE |  | 0 | 0 | 19118 |
| DOW INC | COM | 260557103 |  | 2305478 | 45753 | SH |  | SOLE |  | 0 | 0 | 45753 |
| EATON CORP PLC | SHS | G29183103 |  | 302568 | 1928 | SH |  | SOLE |  | 0 | 0 | 1928 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 504250 | 983 | SH |  | SOLE |  | 0 | 0 | 983 |
| EMERSON ELEC CO | COM | 291011104 |  | 2827738 | 29437 | SH |  | SOLE |  | 0 | 0 | 29437 |
| EOG RES INC | COM | 26875P101 |  | 2170947 | 16761 | SH |  | SOLE |  | 0 | 0 | 16761 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1927564 | 18549 | SH |  | SOLE |  | 0 | 0 | 18549 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3421145 | 31017 | SH |  | SOLE |  | 0 | 0 | 31017 |
| GARTNER INC | COM | 366651107 |  | 357653 | 1064 | SH |  | SOLE |  | 0 | 0 | 1064 |
| GENERAL MLS INC | COM | 370334104 |  | 262870 | 3135 | SH |  | SOLE |  | 0 | 0 | 3135 |
| GENUINE PARTS CO | COM | 372460105 |  | 3939843 | 22707 | SH |  | SOLE |  | 0 | 0 | 22707 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 817292 | 9520 | SH |  | SOLE |  | 0 | 0 | 9520 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 395278 | 28810 | SH |  | SOLE |  | 0 | 0 | 28810 |
| GRAINGER W W INC | COM | 384802104 |  | 3419881 | 6148 | SH |  | SOLE |  | 0 | 0 | 6148 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 2469702 | 14068 | SH |  | SOLE |  | 0 | 0 | 14068 |
| HERSHEY CO | COM | 427866108 |  | 400220 | 1728 | SH |  | SOLE |  | 0 | 0 | 1728 |
| HOME DEPOT INC | COM | 437076102 |  | 4064287 | 12867 | SH |  | SOLE |  | 0 | 0 | 12867 |
| HONEYWELL INTL INC | COM | 438516106 |  | 377299 | 1761 | SH |  | SOLE |  | 0 | 0 | 1761 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 424786 | 1928 | SH |  | SOLE |  | 0 | 0 | 1928 |
| INOTIV INC | COM | 45783Q100 |  | 162462 | 32887 | SH |  | SOLE |  | 0 | 0 | 32887 |
| INTEL CORP | COM | 458140100 |  | 233819 | 8847 | SH |  | SOLE |  | 0 | 0 | 8847 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 204014 | 1448 | SH |  | SOLE |  | 0 | 0 | 1448 |
| INVESCO EXCH TRADED FD TR II | DWA DEV MKTS | 46138E875 |  | 1252615 | 45616 | SH |  | SOLE |  | 0 | 0 | 45616 |
| INVESCO EXCH TRADED FD TR II | DWA EMERG MKTS | 46138E867 |  | 804798 | 45243 | SH |  | SOLE |  | 0 | 0 | 45243 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1784864 | 7346 | SH |  | SOLE |  | 0 | 0 | 7346 |
| INVESCO EXCHANGE TRADED FD T | S EQL STP | 46137V373 |  | 1819915 | 10673 | SH |  | SOLE |  | 0 | 0 | 10673 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 3109427 | 22014 | SH |  | SOLE |  | 0 | 0 | 22014 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3605301 | 13540 | SH |  | SOLE |  | 0 | 0 | 13540 |
| IRON MTN INC DEL | COM | 46284V101 |  | 1222015 | 24514 | SH |  | SOLE |  | 0 | 0 | 24514 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 14149090 | 149504 | SH |  | SOLE |  | 0 | 0 | 149504 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 241730 | 1594 | SH |  | SOLE |  | 0 | 0 | 1594 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 222610 | 1039 | SH |  | SOLE |  | 0 | 0 | 1039 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 2340653 | 23510 | SH |  | SOLE |  | 0 | 0 | 23510 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 7111424 | 67452 | SH |  | SOLE |  | 0 | 0 | 67452 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 19604967 | 318056 | SH |  | SOLE |  | 0 | 0 | 318056 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 1448390 | 9925 | SH |  | SOLE |  | 0 | 0 | 9925 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 8689339 | 102469 | SH |  | SOLE |  | 0 | 0 | 102469 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 11758069 | 139001 | SH |  | SOLE |  | 0 | 0 | 139001 |
| ISHARES TR | ESG SCRND S | 46436E569 |  | 228686 | 8045 | SH |  | SOLE |  | 0 | 0 | 8045 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1390477 | 7871 | SH |  | SOLE |  | 0 | 0 | 7871 |
| KELLOGG CO | COM | 487836108 |  | 287026 | 4029 | SH |  | SOLE |  | 0 | 0 | 4029 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 2033677 | 63099 | SH |  | SOLE |  | 0 | 0 | 63099 |
| LILLY ELI  CO | COM | 532457108 |  | 1039535 | 2842 | SH |  | SOLE |  | 0 | 0 | 2842 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1181198 | 2428 | SH |  | SOLE |  | 0 | 0 | 2428 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 1990083 | 33616 | SH |  | SOLE |  | 0 | 0 | 33616 |
| LOWES COS INC | COM | 548661107 |  | 379414 | 1904 | SH |  | SOLE |  | 0 | 0 | 1904 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 222769 | 2683 | SH |  | SOLE |  | 0 | 0 | 2683 |
| MARATHON PETE CORP | COM | 56585A102 |  | 219194 | 1883 | SH |  | SOLE |  | 0 | 0 | 1883 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 555861 | 1599 | SH |  | SOLE |  | 0 | 0 | 1599 |
| MCDONALDS CORP | COM | 580135101 |  | 962678 | 3653 | SH |  | SOLE |  | 0 | 0 | 3653 |
| MCKESSON CORP | COM | 58155Q103 |  | 805009 | 2146 | SH |  | SOLE |  | 0 | 0 | 2146 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 349073 | 31335 | SH |  | SOLE |  | 0 | 0 | 31335 |
| MERCK  CO INC | COM | 58933Y105 |  | 913149 | 8230 | SH |  | SOLE |  | 0 | 0 | 8230 |
| MICROSOFT CORP | COM | 594918104 |  | 6293696 | 26243 | SH |  | SOLE |  | 0 | 0 | 26243 |
| MURPHY OIL CORP | COM | 626717102 |  | 1916225 | 44553 | SH |  | SOLE |  | 0 | 0 | 44553 |
| MURPHY USA INC | COM | 626755102 |  | 3318994 | 11873 | SH |  | SOLE |  | 0 | 0 | 11873 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 |  | 421400 | 49000 | SH |  | SOLE |  | 0 | 0 | 49000 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 216277 | 2587 | SH |  | SOLE |  | 0 | 0 | 2587 |
| NIKE INC | CL B | 654106103 |  | 210759 | 1801 | SH |  | SOLE |  | 0 | 0 | 1801 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 451219 | 827 | SH |  | SOLE |  | 0 | 0 | 827 |
| NUCOR CORP | COM | 670346105 |  | 4965477 | 37671 | SH |  | SOLE |  | 0 | 0 | 37671 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 246631 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 1639711 | 30973 | SH |  | SOLE |  | 0 | 0 | 30973 |
| ORACLE CORP | COM | 68389X105 |  | 707398 | 8654 | SH |  | SOLE |  | 0 | 0 | 8654 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 427923 | 507 | SH |  | SOLE |  | 0 | 0 | 507 |
| PAYCHEX INC | COM | 704326107 |  | 225252 | 1949 | SH |  | SOLE |  | 0 | 0 | 1949 |
| PDC ENERGY INC | COM | 69327R101 |  | 1720590 | 27104 | SH |  | SOLE |  | 0 | 0 | 27104 |
| PEPSICO INC | COM | 713448108 |  | 1711527 | 9474 | SH |  | SOLE |  | 0 | 0 | 9474 |
| PFIZER INC | COM | 717081103 |  | 1153508 | 22512 | SH |  | SOLE |  | 0 | 0 | 22512 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 266423 | 2632 | SH |  | SOLE |  | 0 | 0 | 2632 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2095317 | 19213 | SH |  | SOLE |  | 0 | 0 | 19213 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2729912 | 18012 | SH |  | SOLE |  | 0 | 0 | 18012 |
| PROGRESSIVE CORP | COM | 743315103 |  | 431156 | 3324 | SH |  | SOLE |  | 0 | 0 | 3324 |
| PULTE GROUP INC | COM | 745867101 |  | 1912020 | 41995 | SH |  | SOLE |  | 0 | 0 | 41995 |
| QUANTA SVCS INC | COM | 74762E102 |  | 907624 | 6369 | SH |  | SOLE |  | 0 | 0 | 6369 |
| RADIANT LOGISTICS INC | COM | 75025X100 |  | 389385 | 76500 | SH |  | SOLE |  | 0 | 0 | 76500 |
| REALTY INCOME CORP | COM | 756109104 |  | 1123813 | 17717 | SH |  | SOLE |  | 0 | 0 | 17717 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 375762 | 8323 | SH |  | SOLE |  | 0 | 0 | 8323 |
| SEI INVTS CO | COM | 784117103 |  | 2379332 | 40812 | SH |  | SOLE |  | 0 | 0 | 40812 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1491305 | 17049 | SH |  | SOLE |  | 0 | 0 | 17049 |
| SERVICE CORP INTL | COM | 817565104 |  | 3256641 | 47102 | SH |  | SOLE |  | 0 | 0 | 47102 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 507533 | 28513 | SH |  | SOLE |  | 0 | 0 | 28513 |
| SMITH A O CORP | COM | 831865209 |  | 2381886 | 41612 | SH |  | SOLE |  | 0 | 0 | 41612 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9807905 | 25646 | SH |  | SOLE |  | 0 | 0 | 25646 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 4363868 | 48487 | SH |  | SOLE |  | 0 | 0 | 48487 |
| STAG INDL INC | COM | 85254J102 |  | 485515 | 15027 | SH |  | SOLE |  | 0 | 0 | 15027 |
| STARBUCKS CORP | COM | 855244109 |  | 486080 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 2734641 | 27990 | SH |  | SOLE |  | 0 | 0 | 27990 |
| SYNOPSYS INC | COM | 871607107 |  | 549817 | 1722 | SH |  | SOLE |  | 0 | 0 | 1722 |
| TARGET CORP | COM | 87612E106 |  | 2388461 | 16026 | SH |  | SOLE |  | 0 | 0 | 16026 |
| TEXAS INSTRS INC | COM | 882508104 |  | 479864 | 2904 | SH |  | SOLE |  | 0 | 0 | 2904 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 445937 | 810 | SH |  | SOLE |  | 0 | 0 | 810 |
| TJX COS INC NEW | COM | 872540109 |  | 325832 | 4093 | SH |  | SOLE |  | 0 | 0 | 4093 |
| TOPBUILD CORP | COM | 89055F103 |  | 1663489 | 10630 | SH |  | SOLE |  | 0 | 0 | 10630 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 284680 | 1518 | SH |  | SOLE |  | 0 | 0 | 1518 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1033110 | 24009 | SH |  | SOLE |  | 0 | 0 | 24009 |
| UGI CORP NEW | COM | 902681105 |  | 2122120 | 57246 | SH |  | SOLE |  | 0 | 0 | 57246 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3459312 | 19899 | SH |  | SOLE |  | 0 | 0 | 19899 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1383594 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 213759 | 1685 | SH |  | SOLE |  | 0 | 0 | 1685 |
| VANECK ETF TRUST | BDC INCOME ETF | 92189F411 |  | 173649 | 12272 | SH |  | SOLE |  | 0 | 0 | 12272 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 2787697 | 58775 | SH |  | SOLE |  | 0 | 0 | 58775 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1453809 | 7604 | SH |  | SOLE |  | 0 | 0 | 7604 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 440585 | 5112 | SH |  | SOLE |  | 0 | 0 | 5112 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 580622 | 14895 | SH |  | SOLE |  | 0 | 0 | 14895 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 19288180 | 127021 | SH |  | SOLE |  | 0 | 0 | 127021 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 4909074 | 116966 | SH |  | SOLE |  | 0 | 0 | 116966 |
| VISA INC | COM CL A | 92826C839 |  | 1058448 | 5095 | SH |  | SOLE |  | 0 | 0 | 5095 |
| WALMART INC | COM | 931142103 |  | 3187816 | 22483 | SH |  | SOLE |  | 0 | 0 | 22483 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3710493 | 23652 | SH |  | SOLE |  | 0 | 0 | 23652 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 411868 | 9975 | SH |  | SOLE |  | 0 | 0 | 9975 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 247947 | 4108 | SH |  | SOLE |  | 0 | 0 | 4108 |
| WP CAREY INC | COM | 92936U109 |  | 1218732 | 15595 | SH |  | SOLE |  | 0 | 0 | 15595 |
| YUM BRANDS INC | COM | 988498101 |  | 209155 | 1633 | SH |  | SOLE |  | 0 | 0 | 1633 |

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