# EDGAR Filing Document

**Accession Number:** 0001962457
**File Stem:** 0001962457-25-000002
**Filing Date:** 2025-11
**Character Count:** 17037
**Document Hash:** 9b94793ad6bc02541d474a081c330a92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001962457-25-000002.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001962457-25-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251107

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Financial Advisors Inc
- **CENTRAL INDEX KEY:** 0001962457

**ORGANIZATION NAME:**
- **EIN:** 383648208
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22770
- **FILM NUMBER:** 251463875

**BUSINESS ADDRESS:**
- **STREET 1:** 74 E. LONG LAKE RD
- **STREET 2:** STE 200
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304
- **BUSINESS PHONE:** 248-985-1632

**MAIL ADDRESS:**
- **STREET 1:** 74 E. LONG LAKE RD
- **STREET 2:** STE 200
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Northern Financial Advisors Inc<br>**Address:** 74 E. LONG LAKE RD<br>STE 200<br>BLOOMFIELD HILLS, MI 48304

**Form 13F File Number:** 028-22770

**CRD Number (if applicable):** 000121088

**SEC File Number (if applicable):** 801-119217

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 W. Lentz<br>**Title:** Chief Compliance Officer<br>**Phone:** 248-985-1632

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

/s/David W. Lentz  Bloomfield Hills, MI  11-07-2025<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:** 124

**Form 13F Information Table Value Total:** $190551201

      (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 | BBG001S5T7X2 | 1785043 | 11503 | SH |  | SOLE |  | 0 | 0 | 11503 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 251896 | 1881 | SH |  | SOLE |  | 0 | 0 | 1881 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 908236 | 3923 | SH |  | SOLE |  | 0 | 0 | 3923 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 245515 | 696 | SH |  | SOLE |  | 0 | 0 | 696 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 658487 | 4070 | SH |  | SOLE |  | 0 | 0 | 4070 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 494632 | 2035 | SH |  | SOLE |  | 0 | 0 | 2035 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 479966 | 1971 | SH |  | SOLE |  | 0 | 0 | 1971 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1106365 | 5039 | SH |  | SOLE |  | 0 | 0 | 5039 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 2922072 | 8797 | SH |  | SOLE |  | 0 | 0 | 8797 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 964582 | 3418 | SH |  | SOLE |  | 0 | 0 | 3418 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 6612173 | 25968 | SH |  | SOLE |  | 0 | 0 | 25968 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 986423 | 34930 | SH |  | SOLE |  | 0 | 0 | 34930 |
| AVERY DENNISON CORP | COM | 053611109 | BBG001S5NZM8 | 203037 | 1252 | SH |  | SOLE |  | 0 | 0 | 1252 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 737910 | 14303 | SH |  | SOLE |  | 0 | 0 | 14303 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 929200 | 797 | SH |  | SOLE |  | 0 | 0 | 797 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 229712 | 1064 | SH |  | SOLE |  | 0 | 0 | 1064 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 5341578 | 16191 | SH |  | SOLE |  | 0 | 0 | 16191 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 1215960 | 5720 | SH |  | SOLE |  | 0 | 0 | 5720 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 2466386 | 5169 | SH |  | SOLE |  | 0 | 0 | 5169 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 686047 | 4418 | SH |  | SOLE |  | 0 | 0 | 4418 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 432499 | 11036 | SH |  | SOLE |  | 0 | 0 | 11036 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 365520 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1386899 | 20270 | SH |  | SOLE |  | 0 | 0 | 20270 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 664642 | 6548 | SH |  | SOLE |  | 0 | 0 | 6548 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 1653418 | 24931 | SH |  | SOLE |  | 0 | 0 | 24931 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 315202 | 3943 | SH |  | SOLE |  | 0 | 0 | 3943 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1932101 | 2087 | SH |  | SOLE |  | 0 | 0 | 2087 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 689309 | 1632 | SH |  | SOLE |  | 0 | 0 | 1632 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 286292 | 1444 | SH |  | SOLE |  | 0 | 0 | 1444 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 | BBG001S9Z3V8 | 319202 | 6876 | SH |  | SOLE |  | 0 | 0 | 6876 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 547797 | 1198 | SH |  | SOLE |  | 0 | 0 | 1198 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZT0 | 441051 | 3111 | SH |  | SOLE |  | 0 | 0 | 3111 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 | BBG011DXXNJ2 | 284063 | 3921 | SH |  | SOLE |  | 0 | 0 | 3921 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 242512 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 588226 | 7551 | SH |  | SOLE |  | 0 | 0 | 7551 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 | BBG01BBK3R95 | 871371 | 7653 | SH |  | SOLE |  | 0 | 0 | 7653 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 1319230 | 3525 | SH |  | SOLE |  | 0 | 0 | 3525 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 941882 | 10356 | SH |  | SOLE |  | 0 | 0 | 10356 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 552529 | 1710 | SH |  | SOLE |  | 0 | 0 | 1710 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1532077 | 2008 | SH |  | SOLE |  | 0 | 0 | 2008 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 973405 | 31129 | SH |  | SOLE |  | 0 | 0 | 31129 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 2727540 | 24191 | SH |  | SOLE |  | 0 | 0 | 24191 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 1182588 | 3468 | SH |  | SOLE |  | 0 | 0 | 3468 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 1017205 | 9164 | SH |  | SOLE |  | 0 | 0 | 9164 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 | BBG00KX8KH01 | 295747 | 5988 | SH |  | SOLE |  | 0 | 0 | 5988 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 2995070 | 3761 | SH |  | SOLE |  | 0 | 0 | 3761 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 1449603 | 3578 | SH |  | SOLE |  | 0 | 0 | 3578 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1311323 | 6229 | SH |  | SOLE |  | 0 | 0 | 6229 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 279419 | 1074 | SH |  | SOLE |  | 0 | 0 | 1074 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 534824 | 2051 | SH |  | SOLE |  | 0 | 0 | 2051 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2186821 | 7750 | SH |  | SOLE |  | 0 | 0 | 7750 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 811299 | 1188 | SH |  | SOLE |  | 0 | 0 | 1188 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 | BBG001SP5TS2 | 233249 | 2152 | SH |  | SOLE |  | 0 | 0 | 2152 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 2448720 | 4078 | SH |  | SOLE |  | 0 | 0 | 4078 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 230871 | 1134 | SH |  | SOLE |  | 0 | 0 | 1134 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 276668 | 1144 | SH |  | SOLE |  | 0 | 0 | 1144 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 209123 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 787248 | 4245 | SH |  | SOLE |  | 0 | 0 | 4245 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 3872480 | 12277 | SH |  | SOLE |  | 0 | 0 | 12277 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 554325 | 1167 | SH |  | SOLE |  | 0 | 0 | 1167 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 475247 | 952 | SH |  | SOLE |  | 0 | 0 | 952 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 1352588 | 5382 | SH |  | SOLE |  | 0 | 0 | 5382 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 1336132 | 2349 | SH |  | SOLE |  | 0 | 0 | 2349 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1150458 | 3786 | SH |  | SOLE |  | 0 | 0 | 3786 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 623200 | 7425 | SH |  | SOLE |  | 0 | 0 | 7425 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1894584 | 2580 | SH |  | SOLE |  | 0 | 0 | 2580 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 605993 | 7357 | SH |  | SOLE |  | 0 | 0 | 7357 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 788802 | 4714 | SH |  | SOLE |  | 0 | 0 | 4714 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 4553620 | 8791 | SH |  | SOLE |  | 0 | 0 | 8791 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 850591 | 5351 | SH |  | SOLE |  | 0 | 0 | 5351 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 5548600 | 4628 | SH |  | SOLE |  | 0 | 0 | 4628 |
| NETWORK-1 TECHNOLOGIES INC | COM | 64121N109 | BBG001S5TR22 | 28754 | 19169 | SH |  | SOLE |  | 0 | 0 | 19169 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 1275921 | 18298 | SH |  | SOLE |  | 0 | 0 | 18298 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 629430 | 1033 | SH |  | SOLE |  | 0 | 0 | 1033 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 4867370 | 26087 | SH |  | SOLE |  | 0 | 0 | 26087 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 3607562 | 449 | SH |  | SOLE |  | 0 | 0 | 449 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 3850578 | 13691 | SH |  | SOLE |  | 0 | 0 | 13691 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 450340 | 594 | SH |  | SOLE |  | 0 | 0 | 594 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 205721 | 1465 | SH |  | SOLE |  | 0 | 0 | 1465 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 283312 | 11119 | SH |  | SOLE |  | 0 | 0 | 11119 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 389691 | 1939 | SH |  | SOLE |  | 0 | 0 | 1939 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1361501 | 8861 | SH |  | SOLE |  | 0 | 0 | 8861 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 1180174 | 4779 | SH |  | SOLE |  | 0 | 0 | 4779 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 451593 | 2714 | SH |  | SOLE |  | 0 | 0 | 2714 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG001S9GX43 | 229675 | 1205 | SH |  | SOLE |  | 0 | 0 | 1205 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 371984 | 2441 | SH |  | SOLE |  | 0 | 0 | 2441 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 | BBG001S5RMJ7 | 251422 | 777 | SH |  | SOLE |  | 0 | 0 | 777 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 1688199 | 10089 | SH |  | SOLE |  | 0 | 0 | 10089 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 481050 | 2030 | SH |  | SOLE |  | 0 | 0 | 2030 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 1442132 | 5397 | SH |  | SOLE |  | 0 | 0 | 5397 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 535761 | 15588 | SH |  | SOLE |  | 0 | 0 | 15588 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 380429 | 14443 | SH |  | SOLE |  | 0 | 0 | 14443 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 2054071 | 2232 | SH |  | SOLE |  | 0 | 0 | 2232 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 1079638 | 3118 | SH |  | SOLE |  | 0 | 0 | 3118 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 | BBG01JXBTX20 | 2107832 | 41863 | SH |  | SOLE |  | 0 | 0 | 41863 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 4931996 | 10636 | SH |  | SOLE |  | 0 | 0 | 10636 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 649799 | 1828 | SH |  | SOLE |  | 0 | 0 | 1828 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 15543643 | 23332 | SH |  | SOLE |  | 0 | 0 | 23332 |
| SPDR SERIES TRUST | SPDR S 500 ETF | 78468R796 | BBG00BKMB118 | 1891773 | 34489 | SH |  | SOLE |  | 0 | 0 | 34489 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 413057 | 4882 | SH |  | SOLE |  | 0 | 0 | 4882 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 305549 | 7308 | SH |  | SOLE |  | 0 | 0 | 7308 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 579850 | 3156 | SH |  | SOLE |  | 0 | 0 | 3156 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 294884 | 1023 | SH |  | SOLE |  | 0 | 0 | 1023 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 234263 | 483 | SH |  | SOLE |  | 0 | 0 | 483 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 1493492 | 6239 | SH |  | SOLE |  | 0 | 0 | 6239 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG001SPV1C1 | 731502 | 555 | SH |  | SOLE |  | 0 | 0 | 555 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 1852069 | 6633 | SH |  | SOLE |  | 0 | 0 | 6633 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 621194 | 1799 | SH |  | SOLE |  | 0 | 0 | 1799 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 243778 | 5044 | SH |  | SOLE |  | 0 | 0 | 5044 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 5289142 | 71123 | SH |  | SOLE |  | 0 | 0 | 71123 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 7830572 | 16324 | SH |  | SOLE |  | 0 | 0 | 16324 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 234013 | 1121 | SH |  | SOLE |  | 0 | 0 | 1121 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 2783110 | 10946 | SH |  | SOLE |  | 0 | 0 | 10946 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 427895 | 1303 | SH |  | SOLE |  | 0 | 0 | 1303 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 10882925 | 58353 | SH |  | SOLE |  | 0 | 0 | 58353 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 1465034 | 27041 | SH |  | SOLE |  | 0 | 0 | 27041 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 819401 | 13923 | SH |  | SOLE |  | 0 | 0 | 13923 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 5288227 | 88256 | SH |  | SOLE |  | 0 | 0 | 88256 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 455264 | 3230 | SH |  | SOLE |  | 0 | 0 | 3230 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 543616 | 12369 | SH |  | SOLE |  | 0 | 0 | 12369 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 2041673 | 5981 | SH |  | SOLE |  | 0 | 0 | 5981 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 4577121 | 44412 | SH |  | SOLE |  | 0 | 0 | 44412 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 | BBG001SHKG74 | 215386 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 558448 | 3674 | SH |  | SOLE |  | 0 | 0 | 3674 |

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