# EDGAR Filing Document

**Accession Number:** 0001566493
**File Stem:** 0001566493-26-000001
**Filing Date:** 2026-1
**Character Count:** 22332
**Document Hash:** 8964d06b3bb2e62938a755d1c6c0bf3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001566493-26-000001.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0001566493-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260122

**DATE AS OF CHANGE**: 20260121

**EFFECTIVENESS DATE**: 20260122

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Newman Dignan & Sheerar, Inc.
- **CENTRAL INDEX KEY:** 0001566493

**ORGANIZATION NAME:**
- **EIN:** 050465059
- **STATE OF INCORPORATION:** RI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15421
- **FILM NUMBER:** 26549277

**BUSINESS ADDRESS:**
- **STREET 1:** 260 WEST EXCHANGE STREET
- **STREET 2:** SUITE 302
- **CITY:** PROVIDENCE
- **STATE:** RI
- **ZIP:** 02903
- **BUSINESS PHONE:** 401-351-4010

**MAIL ADDRESS:**
- **STREET 1:** 260 WEST EXCHANGE STREET
- **STREET 2:** SUITE 302
- **CITY:** PROVIDENCE
- **STATE:** RI
- **ZIP:** 02903

### 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:** Newman Dignan  Sheerar Inc.<br>**Address:** 260 WEST EXCHANGE STREET<br>SUITE 302<br>PROVIDENCE, RI 02903

**Form 13F File Number:** 028-15421

**CRD Number (if applicable):** 000107565

**SEC File Number (if applicable):** 801-41412

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 Cavanagh<br>**Title:** Chief Compliance Officer<br>**Phone:** 401-351-4010

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

Richard Cavanagh  Providence, RI  01-21-2026<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:** 188

**Form 13F Information Table Value Total:** $479850941

      (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 Company | COM | 88579Y101 |  | 367876 | 2298 | SH |  | SOLE |  | 2298 | 0 | 0 |
| Abbott Labs | COM | 002824100 |  | 637354 | 5087 | SH |  | SOLE |  | 5087 | 0 | 0 |
| AbbVie Inc | COM | 00287Y109 |  | 977961 | 4280 | SH |  | SOLE |  | 4280 | 0 | 0 |
| Adobe Systems | COM | 00724F101 |  | 414738 | 1185 | SH |  | SOLE |  | 1185 | 0 | 0 |
| Agilent Technologies | COM | 00846U101 |  | 311192 | 2287 | SH |  | SOLE |  | 2287 | 0 | 0 |
| Allstate Corp | COM | 020002101 |  | 224802 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| Alphabet Inc. Cl A | COM | 02079K305 |  | 16440485 | 52526 | SH |  | SOLE |  | 52526 | 0 | 0 |
| Alphabet Inc. Cl C | COM | 02079K107 |  | 4196815 | 13374 | SH |  | SOLE |  | 13374 | 0 | 0 |
| Altria Group Inc | COM | 02209S103 |  | 263967 | 4578 | SH |  | SOLE |  | 4578 | 0 | 0 |
| Amazon.com | COM | 023135106 |  | 6780970 | 29378 | SH |  | SOLE |  | 29378 | 0 | 0 |
| American Tower Corp | COM | 03027X100 |  | 364695 | 2077 | SH |  | SOLE |  | 2077 | 0 | 0 |
| Amgen Inc | COM | 031162100 |  | 2560701 | 7823 | SH |  | SOLE |  | 7823 | 0 | 0 |
| AON Corp | COM | G0403H108 |  | 366995 | 1040 | SH |  | SOLE |  | 1040 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 15851949 | 58309 | SH |  | SOLE |  | 58309 | 0 | 0 |
| Applied Finance Valuation Lg Cap ETF | ETF | 26923N405 |  | 31183094 | 704543 | SH |  | SOLE |  | 704543 | 0 | 0 |
| Applied Materials | COM | 038222105 |  | 1252372 | 4873 | SH |  | SOLE |  | 4873 | 0 | 0 |
| Automatic Data Processing | COM | 053015103 |  | 1490648 | 5795 | SH |  | SOLE |  | 5795 | 0 | 0 |
| Avantis US Small Cap Value ETF | ETF | 025072877 |  | 321237 | 3150 | SH |  | SOLE |  | 3150 | 0 | 0 |
| Bank Of America | COM | 060505104 |  | 3028503 | 55064 | SH |  | SOLE |  | 55064 | 0 | 0 |
| Bank of New York Mellon | COM | 064058100 |  | 227420 | 1959 | SH |  | SOLE |  | 1959 | 0 | 0 |
| Berkshire Hathaway B | COM | 084670702 |  | 3433602 | 6831 | SH |  | SOLE |  | 6831 | 0 | 0 |
| Berkshire Hathaway Inc A | COM | 084670108 |  | 754800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| Blackstone Group Lp | COM | 09260D107 |  | 944163 | 6125 | SH |  | SOLE |  | 6125 | 0 | 0 |
| Bristol Myers Squibb | COM | 110122108 |  | 960345 | 17804 | SH |  | SOLE |  | 17804 | 0 | 0 |
| Broadcom Limited | COM | 11135F101 |  | 8015063 | 23158 | SH |  | SOLE |  | 23158 | 0 | 0 |
| Brookfield Corp. | COM | 11271J107 |  | 353215 | 7697 | SH |  | SOLE |  | 7697 | 0 | 0 |
| Capital One Financial | COM | 14040H105 |  | 321612 | 1327 | SH |  | SOLE |  | 1327 | 0 | 0 |
| ChevronTexaco Corp | COM | 166764100 |  | 2398450 | 15737 | SH |  | SOLE |  | 15737 | 0 | 0 |
| Cisco Systems | COM | 17275R102 |  | 2491855 | 32349 | SH |  | SOLE |  | 32349 | 0 | 0 |
| Citizens Financial Group | COM | 174610105 |  | 1110660 | 19015 | SH |  | SOLE |  | 19015 | 0 | 0 |
| Coca Cola | COM | 191216100 |  | 986054 | 14105 | SH |  | SOLE |  | 14105 | 0 | 0 |
| Commercial Metals Co | COM | 201723103 |  | 917970 | 13262 | SH |  | SOLE |  | 13262 | 0 | 0 |
| Conoco Phillips | COM | 20825C104 |  | 239922 | 2563 | SH |  | SOLE |  | 2563 | 0 | 0 |
| Corteva Inc | COM | 22052L104 |  | 293189 | 4374 | SH |  | SOLE |  | 4374 | 0 | 0 |
| Costco Whsl Corp | COM | 22160K105 |  | 549543 | 637 | SH |  | SOLE |  | 637 | 0 | 0 |
| Crowdstrike Hldgs Inc | COM | 22788C105 |  | 382039 | 815 | SH |  | SOLE |  | 815 | 0 | 0 |
| CVS Health Corporation | COM | 126650100 |  | 883245 | 11130 | SH |  | SOLE |  | 11130 | 0 | 0 |
| Danaher Corp | COM | 235851102 |  | 862176 | 3766 | SH |  | SOLE |  | 3766 | 0 | 0 |
| Dimensional Emerg Core Equity Mkt ETF | ETF | 25434V302 |  | 12318785 | 378225 | SH |  | SOLE |  | 378225 | 0 | 0 |
| Dimensional International Core Equity Mkt ETF | ETF | 25434V203 |  | 4748553 | 124601 | SH |  | SOLE |  | 124601 | 0 | 0 |
| Disney Walt Co | COM | 254687106 |  | 998742 | 8779 | SH |  | SOLE |  | 8779 | 0 | 0 |
| Du Pont E I De Nemours | ADR | 26614N102 |  | 201603 | 5015 | SH |  | SOLE |  | 5015 | 0 | 0 |
| Duke Energy | COM | 26441C204 |  | 201484 | 1719 | SH |  | SOLE |  | 1719 | 0 | 0 |
| Emerson Electric | COM | 291011104 |  | 1427404 | 10755 | SH |  | SOLE |  | 10755 | 0 | 0 |
| Energy Transfer Equity | COM | 29273V100 |  | 281147 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |
| ETFS Phys. Swiss Gold Shares | ETF | 00326A104 |  | 15602841 | 379816 | SH |  | SOLE |  | 379816 | 0 | 0 |
| Exxon-Mobil | COM | 30231G102 |  | 1916048 | 15922 | SH |  | SOLE |  | 15922 | 0 | 0 |
| First Trust Innovation Leaders ETF | ETF | 33740F565 |  | 329999 | 10003 | SH |  | SOLE |  | 10003 | 0 | 0 |
| First Trust NASDAQ Cybersecurity ETF | ETF | 33734X846 |  | 449707 | 6294 | SH |  | SOLE |  | 6294 | 0 | 0 |
| First Trust Preferred Sec  Inc ETF | ETF | 33739E108 |  | 8190430 | 449530 | SH |  | SOLE |  | 449530 | 0 | 0 |
| Fiserv Inc | COM | 337738108 |  | 496521 | 7392 | SH |  | SOLE |  | 7392 | 0 | 0 |
| Ge Vernova Llc Com | COM | 36828A101 |  | 681674 | 1043 | SH |  | SOLE |  | 1043 | 0 | 0 |
| General Electric | COM | 369604301 |  | 1232106 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| Goldman Sachs ActiveBeta Intl Eq ETF | ETF | 381430107 |  | 7584594 | 176632 | SH |  | SOLE |  | 176632 | 0 | 0 |
| Goldman Sachs Group | COM | 38141G104 |  | 1009837 | 1149 | SH |  | SOLE |  | 1149 | 0 | 0 |
| HACK- Cyber Security ETF | ETF | 032108664 |  | 464445 | 5779 | SH |  | SOLE |  | 5779 | 0 | 0 |
| Hewlett Packard | COM | 40434L105 |  | 548438 | 24616 | SH |  | SOLE |  | 24616 | 0 | 0 |
| Home Depot | COM | 437076102 |  | 1471080 | 4275 | SH |  | SOLE |  | 4275 | 0 | 0 |
| Illinois Tool Works | COM | 452308109 |  | 767963 | 3118 | SH |  | SOLE |  | 3118 | 0 | 0 |
| Incyte Genomics Inc | COM | 45337C102 |  | 434687 | 4401 | SH |  | SOLE |  | 4401 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 239739 | 6497 | SH |  | SOLE |  | 6497 | 0 | 0 |
| International Business Machines | COM | 459200101 |  | 2695504 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| Intuit Inc. | COM | 461202103 |  | 430728 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| Invesco Biotech  Genomics ETF | ETF | 46137V787 |  | 827251 | 10070 | SH |  | SOLE |  | 10070 | 0 | 0 |
| iShare Core MSCI Emerging Markets | ETF | 46434G103 |  | 987789 | 14695 | SH |  | SOLE |  | 14695 | 0 | 0 |
| iShares - Expanded Tech.  Sector Index | ETF | 464287549 |  | 232488 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| iShares Core S 500 ETF | ETF | 464287200 |  | 947272 | 1383 | SH |  | SOLE |  | 1383 | 0 | 0 |
| iShares iBonds Dec 2026 Corp Bond ETF | ETF | 46435GAA0 |  | 314668 | 12987 | SH |  | SOLE |  | 12987 | 0 | 0 |
| iShares iBonds Dec 2026 Muni Bond ETF | ETF | 46435U259 |  | 1170053 | 45639 | SH |  | SOLE |  | 45639 | 0 | 0 |
| iShares iBonds Dec 2027 Corp Bond ETF | ETF | 46435UAA9 |  | 395866 | 16304 | SH |  | SOLE |  | 16304 | 0 | 0 |
| iShares iBonds Dec 2027 Muni Bond ETF | ETF | 46435U283 |  | 920768 | 36265 | SH |  | SOLE |  | 36265 | 0 | 0 |
| iShares iBonds Dec 2028 Corp Bond ETF | ETF | 46435U515 |  | 278234 | 10930 | SH |  | SOLE |  | 10930 | 0 | 0 |
| iShares iBonds Dec 2028 Muni Bond ETF | ETF | 46435U325 |  | 577049 | 22563 | SH |  | SOLE |  | 22563 | 0 | 0 |
| iShares iBonds Dec 2029 Corp Bond ETF | ETF | 46436E205 |  | 4271150 | 182489 | SH |  | SOLE |  | 182489 | 0 | 0 |
| iShares iBonds Dec 2029 Muni Bond ETF | ETF | 46436E163 |  | 568157 | 22342 | SH |  | SOLE |  | 22342 | 0 | 0 |
| iShares iBonds Dec 2030 Corp Bond ETF | ETF | 46436E726 |  | 705869 | 31983 | SH |  | SOLE |  | 31983 | 0 | 0 |
| iShares iBonds Dec 2030 Muni Bond ETF | ETF | 46438G687 |  | 933936 | 35838 | SH |  | SOLE |  | 35838 | 0 | 0 |
| iShares iBonds Dec 2031 Corp Bond ETF | ETF | 46436E486 |  | 1013264 | 47908 | SH |  | SOLE |  | 47908 | 0 | 0 |
| iShares iBonds Dec 2031 Term Muni Bd ETF | ETF | 46438G356 |  | 393082 | 15148 | SH |  | SOLE |  | 15148 | 0 | 0 |
| iShares iBonds Dec 2032 Corp Bond ETF | ETF | 46436E312 |  | 241243 | 9449 | SH |  | SOLE |  | 9449 | 0 | 0 |
| iShares MSCI USA Momentum | ETF | 46432F396 |  | 398144 | 1591 | SH |  | SOLE |  | 1591 | 0 | 0 |
| iShares Russell 2000 Index Fund ETF | ETF | 464287655 |  | 342409 | 1391 | SH |  | SOLE |  | 1391 | 0 | 0 |
| iShares S 500 Barra Gr. Fd. | ETF | 464287309 |  | 489589 | 3972 | SH |  | SOLE |  | 3972 | 0 | 0 |
| iShares S Midcap 400 Index ETF | ETF | 464287507 |  | 4329862 | 65604 | SH |  | SOLE |  | 65604 | 0 | 0 |
| iShares S Smallcap 600 Index ETF | ETF | 464287804 |  | 2777237 | 23109 | SH |  | SOLE |  | 23109 | 0 | 0 |
| J H Multifactor Mid Cap ETF | ETF | 47804J206 |  | 6954623 | 106210 | SH |  | SOLE |  | 106210 | 0 | 0 |
| J P Morgan Active Bond ETF | ETF | 46654Q716 |  | 320365 | 5925 | SH |  | SOLE |  | 5925 | 0 | 0 |
| J P Morgan Chase  Co | COM | 46625H100 |  | 6212509 | 19280 | SH |  | SOLE |  | 19280 | 0 | 0 |
| J.P. Morgan Municipal ETF | ETF | 46641Q647 |  | 6213518 | 123040 | SH |  | SOLE |  | 123040 | 0 | 0 |
| JH/DFA Small Cap Multifactor ETF | ETF | 47804J842 |  | 1464017 | 34866 | SH |  | SOLE |  | 34866 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 4573803 | 22101 | SH |  | SOLE |  | 22101 | 0 | 0 |
| Johnson Controls PLC | COM | G51502105 |  | 275425 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| JPMorgan Equity Premium Income ETF | ETF | 46641Q332 |  | 290009 | 5067 | SH |  | SOLE |  | 5067 | 0 | 0 |
| JPMorgan Ultra-Short Municipal Inc ETF | ETF | 46641Q654 |  | 256553 | 5036 | SH |  | SOLE |  | 5036 | 0 | 0 |
| Kinder Morgan Inc | COM | 49456B101 |  | 252857 | 9198 | SH |  | SOLE |  | 9198 | 0 | 0 |
| KLA Tencor Corp | COM | 482480100 |  | 1467781 | 1208 | SH |  | SOLE |  | 1208 | 0 | 0 |
| L3Harris Technologies Inc | COM | 502431109 |  | 2240143 | 7631 | SH |  | SOLE |  | 7631 | 0 | 0 |
| Lilly Eli  Co | COM | 532457108 |  | 1091923 | 1016 | SH |  | SOLE |  | 1016 | 0 | 0 |
| Lockheed Martin Corp | COM | 539830109 |  | 240592 | 497 | SH |  | SOLE |  | 497 | 0 | 0 |
| Lowes Companies | COM | 548661107 |  | 2629869 | 10905 | SH |  | SOLE |  | 10905 | 0 | 0 |
| Mastercard Inc | COM | 57636Q104 |  | 1639963 | 2873 | SH |  | SOLE |  | 2873 | 0 | 0 |
| McDonalds Corp | COM | 580135101 |  | 1452324 | 4752 | SH |  | SOLE |  | 4752 | 0 | 0 |
| Medtronic plc | COM | G5960L103 |  | 1268088 | 13201 | SH |  | SOLE |  | 13201 | 0 | 0 |
| Merck  Co Inc | COM | 58933Y105 |  | 3096789 | 29420 | SH |  | SOLE |  | 29420 | 0 | 0 |
| Meta Platforms Cl A | COM | 30303M102 |  | 3315642 | 5023 | SH |  | SOLE |  | 5023 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 12892165 | 26658 | SH |  | SOLE |  | 26658 | 0 | 0 |
| Mondelez Intl Inc Cl A | COM | 609207105 |  | 637509 | 11843 | SH |  | SOLE |  | 11843 | 0 | 0 |
| Morgan Stanley Group | COM | 617446448 |  | 590820 | 3328 | SH |  | SOLE |  | 3328 | 0 | 0 |
| MPLX LP | COM | 55336V100 |  | 432297 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| NextEra Energy Inc. | COM | 65339F101 |  | 1480932 | 18447 | SH |  | SOLE |  | 18447 | 0 | 0 |
| Nike Inc Class B | COM | 654106103 |  | 307233 | 4822 | SH |  | SOLE |  | 4822 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 |  | 321222 | 563 | SH |  | SOLE |  | 563 | 0 | 0 |
| Novartis  ADR | ADR | 66987V109 |  | 482407 | 3499 | SH |  | SOLE |  | 3499 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 |  | 10607258 | 56875 | SH |  | SOLE |  | 56875 | 0 | 0 |
| Oracle Systems | COM | 68389X105 |  | 1311392 | 6728 | SH |  | SOLE |  | 6728 | 0 | 0 |
| Palantir Technologies Inc. | COM | 69608A108 |  | 714911 | 4022 | SH |  | SOLE |  | 4022 | 0 | 0 |
| Palo Alto Networks Inc | COM | 697435105 |  | 2570511 | 13955 | SH |  | SOLE |  | 13955 | 0 | 0 |
| Paypal Holdings Inc. | COM | 70450Y103 |  | 333130 | 5706 | SH |  | SOLE |  | 5706 | 0 | 0 |
| Pepsico | COM | 713448108 |  | 2127052 | 14821 | SH |  | SOLE |  | 14821 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 435705 | 17498 | SH |  | SOLE |  | 17498 | 0 | 0 |
| Philip Morris Intl Inc | COM | 718172109 |  | 335547 | 2092 | SH |  | SOLE |  | 2092 | 0 | 0 |
| Phillips 66 | COM | 718546104 |  | 310857 | 2409 | SH |  | SOLE |  | 2409 | 0 | 0 |
| PIMCO Intermediate Muni ETF | ETF | 72201R866 |  | 6214489 | 118574 | SH |  | SOLE |  | 118574 | 0 | 0 |
| PIMCO Multisector Bond Active ETF | ETF | 72201R585 |  | 588193 | 22046 | SH |  | SOLE |  | 22046 | 0 | 0 |
| PowerShares QQQ ETF | ETF | 46090E103 |  | 305034 | 497 | SH |  | SOLE |  | 497 | 0 | 0 |
| Procter  Gamble Inc | COM | 742718109 |  | 2510624 | 17519 | SH |  | SOLE |  | 17519 | 0 | 0 |
| Proshares S 500 Div Aristocrats | ETF | 74348A467 |  | 2729704 | 26230 | SH |  | SOLE |  | 26230 | 0 | 0 |
| Public Svc Enterprise | COM | 744573106 |  | 504211 | 6279 | SH |  | SOLE |  | 6279 | 0 | 0 |
| Qualcomm Corp | COM | 747525103 |  | 1267186 | 7408 | SH |  | SOLE |  | 7408 | 0 | 0 |
| Quanta Services Inc | COM | 74762E102 |  | 3807863 | 9022 | SH |  | SOLE |  | 9022 | 0 | 0 |
| Real Estate Sector SPDR | ETF | 81369Y860 |  | 222530 | 5515 | SH |  | SOLE |  | 5515 | 0 | 0 |
| Roper Technologies Inc | COM | 776696106 |  | 943486 | 2120 | SH |  | SOLE |  | 2120 | 0 | 0 |
| RTX Corp. | COM | 75513E101 |  | 3820225 | 20830 | SH |  | SOLE |  | 20830 | 0 | 0 |
| S 400 Mid-Cap SPDR ETF | ETF | 78467Y107 |  | 410834 | 681 | SH |  | SOLE |  | 681 | 0 | 0 |
| Salesforce Com | COM | 79466L302 |  | 1107652 | 4181 | SH |  | SOLE |  | 4181 | 0 | 0 |
| Sch Fundamental US Large Co ETF | ETF | 808524771 |  | 384095 | 14116 | SH |  | SOLE |  | 14116 | 0 | 0 |
| Schwab Dow Jones US Broad Mkt ETF | ETF | 808524102 |  | 1837904 | 70069 | SH |  | SOLE |  | 70069 | 0 | 0 |
| Schwab Dow Jones US Div Eq ETF | ETF | 808524797 |  | 26196704 | 955038 | SH |  | SOLE |  | 955038 | 0 | 0 |
| Schwab Dow Jones US Large Cap ETF | ETF | 808524201 |  | 41399027 | 1538425 | SH |  | SOLE |  | 1538425 | 0 | 0 |
| Schwab Dow Jones US Large Growth ETF | ETF | 808524300 |  | 7265848 | 222742 | SH |  | SOLE |  | 222742 | 0 | 0 |
| Schwab Dow Jones US Large Value ETF | ETF | 808524409 |  | 4645305 | 156883 | SH |  | SOLE |  | 156883 | 0 | 0 |
| Schwab Dow Jones US Mid-Cap ETF | ETF | 808524508 |  | 4601571 | 153029 | SH |  | SOLE |  | 153029 | 0 | 0 |
| Schwab Dow Jones US Sm-Cap ETF | ETF | 808524607 |  | 3632669 | 127552 | SH |  | SOLE |  | 127552 | 0 | 0 |
| Schwab FTSE Developed ex-US ETF | ETF | 808524805 |  | 8123784 | 337928 | SH |  | SOLE |  | 337928 | 0 | 0 |
| Schwab US AGG Bnd ETF | ETF | 808524839 |  | 227274 | 9725 | SH |  | SOLE |  | 9725 | 0 | 0 |
| Sector Spdr Engy Select | ETF | 81369Y506 |  | 314669 | 7038 | SH |  | SOLE |  | 7038 | 0 | 0 |
| SPDR Gold Shares | ETF | 78463V107 |  | 4174333 | 10533 | SH |  | SOLE |  | 10533 | 0 | 0 |
| SPDR MSCI Acwi Ex-US | ETF | 78463X848 |  | 1126368 | 31358 | SH |  | SOLE |  | 31358 | 0 | 0 |
| SPDR S 500 ETF | ETF | 78462F103 |  | 3115808 | 4569 | SH |  | SOLE |  | 4569 | 0 | 0 |
| SPDR S Biotech ETF | ETF | 78464A870 |  | 1052539 | 8632 | SH |  | SOLE |  | 8632 | 0 | 0 |
| SPDR S Dividend ETF | ETF | 78464A763 |  | 1903902 | 13681 | SH |  | SOLE |  | 13681 | 0 | 0 |
| SPDR Technology Select Sector | ETF | 81369Y803 |  | 1456682 | 10118 | SH |  | SOLE |  | 10118 | 0 | 0 |
| State Street Boston Corp | COM | 857477103 |  | 775479 | 6011 | SH |  | SOLE |  | 6011 | 0 | 0 |
| Sysco Inc | COM | 871829107 |  | 211859 | 2875 | SH |  | SOLE |  | 2875 | 0 | 0 |
| T. Rowe Price Dividend Growth ETF | ETF | 87283Q404 |  | 551524 | 12264 | SH |  | SOLE |  | 12264 | 0 | 0 |
| Target Corp | COM | 87612E106 |  | 215461 | 2204 | SH |  | SOLE |  | 2204 | 0 | 0 |
| TE Connectivity Ltd | COM | G87052109 |  | 318514 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| Tesla Motors Inc | COM | 88160R101 |  | 543711 | 1209 | SH |  | SOLE |  | 1209 | 0 | 0 |
| Thermo Fisher Scientific | COM | 883556102 |  | 1389115 | 2397 | SH |  | SOLE |  | 2397 | 0 | 0 |
| TJX Cos Inc | COM | 872540109 |  | 1001331 | 6519 | SH |  | SOLE |  | 6519 | 0 | 0 |
| Truist Finl Corp | COM | 89832Q109 |  | 263803 | 5361 | SH |  | SOLE |  | 5361 | 0 | 0 |
| Tyson Foods Inc | COM | 902494103 |  | 488711 | 8337 | SH |  | SOLE |  | 8337 | 0 | 0 |
| Unilever Plc Adr New | ADR | 904767803 |  | 244923 | 3745 | SH |  | SOLE |  | 3745 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 1840735 | 7958 | SH |  | SOLE |  | 7958 | 0 | 0 |
| Valero Energy Corp. | COM | 91913Y100 |  | 306370 | 1882 | SH |  | SOLE |  | 1882 | 0 | 0 |
| Vanguard Consumer Staples ETF | ETF | 92204A207 |  | 249686 | 1182 | SH |  | SOLE |  | 1182 | 0 | 0 |
| Vanguard Div Appreciation ETF | ETF | 921908844 |  | 993375 | 4520 | SH |  | SOLE |  | 4520 | 0 | 0 |
| Vanguard Emerging Mkt Fd ETF | ETF | 922042858 |  | 237772 | 4423 | SH |  | SOLE |  | 4423 | 0 | 0 |
| Vanguard FTSE All-World ex-USA ETF | ETF | 922042775 |  | 3687770 | 50133 | SH |  | SOLE |  | 50133 | 0 | 0 |
| Vanguard FTSE Dev Mkt ETF | ETF | 921943858 |  | 413364 | 6617 | SH |  | SOLE |  | 6617 | 0 | 0 |
| Vanguard Growth ETF | ETF | 922908736 |  | 994468 | 2038 | SH |  | SOLE |  | 2038 | 0 | 0 |
| Vanguard Mid Cap Value ETF | ETF | 922908512 |  | 201956 | 1139 | SH |  | SOLE |  | 1139 | 0 | 0 |
| Vanguard Mid-Cap ETF | ETF | 922908629 |  | 4438006 | 15292 | SH |  | SOLE |  | 15292 | 0 | 0 |
| Vanguard REIT | ETF | 922908553 |  | 817519 | 9239 | SH |  | SOLE |  | 9239 | 0 | 0 |
| Vanguard S 500 ETF | ETF | 922908363 |  | 7877291 | 12561 | SH |  | SOLE |  | 12561 | 0 | 0 |
| Vanguard Small-Cap Value ETF | ETF | 922908611 |  | 1400393 | 6612 | SH |  | SOLE |  | 6612 | 0 | 0 |
| Vanguard Tax-Exempt Bond ETF | ETF | 922907746 |  | 2912089 | 57906 | SH |  | SOLE |  | 57906 | 0 | 0 |
| Vanguard Total International Stock | ETF | 921909768 |  | 480957 | 6375 | SH |  | SOLE |  | 6375 | 0 | 0 |
| Vanguard Total Stock Mkt ETF | ETF | 922908769 |  | 453709 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| Vanguard Total World ETF | ETF | 922042742 |  | 226214 | 1604 | SH |  | SOLE |  | 1604 | 0 | 0 |
| Vanguard Value ETF | ETF | 922908744 |  | 482864 | 2528 | SH |  | SOLE |  | 2528 | 0 | 0 |
| Verizon Communications | COM | 92343V104 |  | 1139468 | 27976 | SH |  | SOLE |  | 27976 | 0 | 0 |
| Vertex Pharmaceuticals | COM | 92532F100 |  | 353167 | 779 | SH |  | SOLE |  | 779 | 0 | 0 |
| VictoryShares Core Intermediate Bond ETF | ETF | 92647N527 |  | 22873909 | 483034 | SH |  | SOLE |  | 483034 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 1728836 | 4930 | SH |  | SOLE |  | 4930 | 0 | 0 |
| Wal-Mart Stores | COM | 931142103 |  | 976436 | 8764 | SH |  | SOLE |  | 8764 | 0 | 0 |
| Wells Fargo  Co 7.50pcnt Pfd | PFD | 949746804 |  | 356747 | 294 | SH |  | SOLE |  | 294 | 0 | 0 |
| Wells Fargo  Company | COM | 949746101 |  | 364039 | 3906 | SH |  | SOLE |  | 3906 | 0 | 0 |

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