# EDGAR Filing Document

**Accession Number:** 0001697856
**File Stem:** 0001085146-23-000568
**Filing Date:** 2023-2
**Character Count:** 17578
**Document Hash:** 483c272885d8a14d9b8235b59648cee4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000568.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001085146-23-000568

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Financial Advisors Network, Inc.
- **CENTRAL INDEX KEY:** 0001697856
- **IRS NUMBER:** 161661616
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17762
- **FILM NUMBER:** 23579102

**BUSINESS ADDRESS:**
- **STREET 1:** 1432 EDINGER AVENUE
- **STREET 2:** SUITE 200
- **CITY:** TUSTIN
- **STATE:** CA
- **ZIP:** 92780
- **BUSINESS PHONE:** 866-526-7726

**MAIL ADDRESS:**
- **STREET 1:** 1432 EDINGER AVENUE
- **STREET 2:** SUITE 200
- **CITY:** TUSTIN
- **STATE:** CA
- **ZIP:** 92780

### 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:** Financial Advisors Network Inc.<br>**Address:** 1432 Edinger Avenue<br>Suite 200<br>Tustin, CA 92780

**Form 13F File Number:** 028-17762

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:** Brian Douglass<br>**Title:** Chief Compliance Officer<br>**Phone:** 714-597-6510

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

/s/ Brian Douglass  Tustin, CA  02-01-2023<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:** 129

**Form 13F Information Table Value Total:** $377643714

      (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 | 366680 | 3058 | SH |  | SOLE |  | 0 | 0 | 3058 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 308629 | 4765 | SH |  | SOLE |  | 0 | 0 | 4765 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 503340 | 6997 | SH |  | SOLE |  | 0 | 0 | 6997 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 358016 | 2640 | SH |  | SOLE |  | 0 | 0 | 2640 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 268320 | 3024 | SH |  | SOLE |  | 0 | 0 | 3024 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 321048 | 3822 | SH |  | SOLE |  | 0 | 0 | 3822 |
| AMCOR PLC | ORD | G0250X107 | BBG00LNJRQ18 | 249705 | 20966 | SH |  | SOLE |  | 0 | 0 | 20966 |
| AMER STATES WTR CO | COM | 029899101 | BBG001S9T5Z6 | 529571 | 5722 | SH |  | SOLE |  | 0 | 0 | 5722 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 5984145 | 46057 | SH |  | SOLE |  | 0 | 0 | 46057 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 486107 | 2035 | SH |  | SOLE |  | 0 | 0 | 2035 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 3319478 | 1346 | SH |  | SOLE |  | 0 | 0 | 1346 |
| BATH  BODY WORKS INC | COM | 070830104 | BBG001S5SWL1 | 2213973 | 52539 | SH |  | SOLE |  | 0 | 0 | 52539 |
| BAXTER INTL INC | COM | 071813109 | BBG001S5P1K3 | 224217 | 4399 | SH |  | SOLE |  | 0 | 0 | 4399 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 485282 | 1571 | SH |  | SOLE |  | 0 | 0 | 1571 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 394821 | 4922 | SH |  | SOLE |  | 0 | 0 | 4922 |
| BLACKROCK TCP CAPITAL CORP | COM | 09259E108 | BBG001V17VG7 | 181160 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 368598 | 1935 | SH |  | SOLE |  | 0 | 0 | 1935 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 362875 | 649 | SH |  | SOLE |  | 0 | 0 | 649 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 330918 | 2060 | SH |  | SOLE |  | 0 | 0 | 2060 |
| CAMPBELL SOUP CO | COM | 134429109 | BBG001S5Q2B0 | 265548 | 4679 | SH |  | SOLE |  | 0 | 0 | 4679 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2107751 | 11743 | SH |  | SOLE |  | 0 | 0 | 11743 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 599321 | 12580 | SH |  | SOLE |  | 0 | 0 | 12580 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 255220 | 4030 | SH |  | SOLE |  | 0 | 0 | 4030 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 356362 | 5602 | SH |  | SOLE |  | 0 | 0 | 5602 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG001S5PGY5 | 251475 | 6498 | SH |  | SOLE |  | 0 | 0 | 6498 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 379906 | 3986 | SH |  | SOLE |  | 0 | 0 | 3986 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 437632 | 1806 | SH |  | SOLE |  | 0 | 0 | 1806 |
| CVB FINL CORP | COM | 126600105 | BBG001SJ1SH4 | 213107 | 8276 | SH |  | SOLE |  | 0 | 0 | 8276 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 247275 | 2653 | SH |  | SOLE |  | 0 | 0 | 2653 |
| DENISON MINES CORP | COM | 248356107 | BBG001S9ZPX7 | 20039 | 17425 | SH |  | SOLE |  | 0 | 0 | 17425 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG001SL3ZH1 | 2162752 | 6244 | SH |  | SOLE |  | 0 | 0 | 6244 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 312096 | 2655 | SH |  | SOLE |  | 0 | 0 | 2655 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 | BBG001SV50F6 | 164513 | 21935 | SH |  | SOLE |  | 0 | 0 | 21935 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 | BBG001SM6Y34 | 176844 | 14401 | SH |  | SOLE |  | 0 | 0 | 14401 |
| EDISON INTL | COM | 281020107 | BBG001S7MY75 | 335977 | 5281 | SH |  | SOLE |  | 0 | 0 | 5281 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | BBG001SF2288 | 1172944 | 15721 | SH |  | SOLE |  | 0 | 0 | 15721 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 607713 | 6326 | SH |  | SOLE |  | 0 | 0 | 6326 |
| EMX RTY CORP | COM | 26873J107 | BBG001S9CTR1 | 52094 | 27563 | SH |  | SOLE |  | 0 | 0 | 27563 |
| ETON PHARMACEUTICALS INC | COM | 29772L108 | BBG00H0KCMW0 | 29985 | 10633 | SH |  | SOLE |  | 0 | 0 | 10633 |
| EVEREST RE GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 202075 | 610 | SH |  | SOLE |  | 0 | 0 | 610 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 241627 | 2882 | SH |  | SOLE |  | 0 | 0 | 2882 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 506241 | 4590 | SH |  | SOLE |  | 0 | 0 | 4590 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 298664 | 6312 | SH |  | SOLE |  | 0 | 0 | 6312 |
| FIRST TR EXCHANGE-TRADED FD | NASD TECH DIV | 33738R118 | BBG00393GRN5 | 220744 | 4620 | SH |  | SOLE |  | 0 | 0 | 4620 |
| FIRST TR MORNINGSTAR DIVID L | SHS | 336917109 | BBG001SP68G0 | 423072 | 11572 | SH |  | SOLE |  | 0 | 0 | 11572 |
| FORTINET INC | COM | 34959E109 | BBG001S77BL6 | 2241695 | 45852 | SH |  | SOLE |  | 0 | 0 | 45852 |
| FORUM ENERGY TECHNOLOGIES IN | NOTE 9.000% 8/0 | 34984VAC4 |  | 10310 | 10042 | PRN |  | SOLE |  | 0 | 0 | 10042 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 746067 | 3007 | SH |  | SOLE |  | 0 | 0 | 3007 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 676334 | 8066 | SH |  | SOLE |  | 0 | 0 | 8066 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 13353863 | 155549 | SH |  | SOLE |  | 0 | 0 | 155549 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | BBG0078W3NP4 | 390174 | 24447 | SH |  | SOLE |  | 0 | 0 | 24447 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 612970 | 1941 | SH |  | SOLE |  | 0 | 0 | 1941 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 671835 | 3135 | SH |  | SOLE |  | 0 | 0 | 3135 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 2285935 | 85074 | SH |  | SOLE |  | 0 | 0 | 85074 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 2120054 | 5197 | SH |  | SOLE |  | 0 | 0 | 5197 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 341049 | 12904 | SH |  | SOLE |  | 0 | 0 | 12904 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 429715 | 3050 | SH |  | SOLE |  | 0 | 0 | 3050 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 3379131 | 72358 | SH |  | SOLE |  | 0 | 0 | 72358 |
| ISHARES TR | CORE MSCI INTL | 46435G326 | BBG00G9DM0M7 | 4986408 | 89075 | SH |  | SOLE |  | 0 | 0 | 89075 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 214170 | 2263 | SH |  | SOLE |  | 0 | 0 | 2263 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 510615 | 1329 | SH |  | SOLE |  | 0 | 0 | 1329 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 351201 | 3621 | SH |  | SOLE |  | 0 | 0 | 3621 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 11058272 | 150187 | SH |  | SOLE |  | 0 | 0 | 150187 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 6315680 | 74662 | SH |  | SOLE |  | 0 | 0 | 74662 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 8235391 | 125463 | SH |  | SOLE |  | 0 | 0 | 125463 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 2783945 | 73455 | SH |  | SOLE |  | 0 | 0 | 73455 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 8201349 | 140194 | SH |  | SOLE |  | 0 | 0 | 140194 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 8165120 | 56284 | SH |  | SOLE |  | 0 | 0 | 56284 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 | BBG001SFQL26 | 8733661 | 95648 | SH |  | SOLE |  | 0 | 0 | 95648 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 509048 | 2882 | SH |  | SOLE |  | 0 | 0 | 2882 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 299445 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| KELLOGG CO | COM | 487836108 | BBG001S5SJL0 | 285387 | 4006 | SH |  | SOLE |  | 0 | 0 | 4006 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 292668 | 2156 | SH |  | SOLE |  | 0 | 0 | 2156 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 701697 | 1442 | SH |  | SOLE |  | 0 | 0 | 1442 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 258907 | 3118 | SH |  | SOLE |  | 0 | 0 | 3118 |
| MASCO CORP | COM | 574599106 | BBG001S5SZ70 | 752180 | 16117 | SH |  | SOLE |  | 0 | 0 | 16117 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 3068694 | 8825 | SH |  | SOLE |  | 0 | 0 | 8825 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 452217 | 1716 | SH |  | SOLE |  | 0 | 0 | 1716 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 3762735 | 10031 | SH |  | SOLE |  | 0 | 0 | 10031 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 628754 | 5667 | SH |  | SOLE |  | 0 | 0 | 5667 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1476543 | 12270 | SH |  | SOLE |  | 0 | 0 | 12270 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 412892 | 5705 | SH |  | SOLE |  | 0 | 0 | 5705 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 2583019 | 1787 | SH |  | SOLE |  | 0 | 0 | 1787 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 994542 | 4147 | SH |  | SOLE |  | 0 | 0 | 4147 |
| MODERNA INC | COM | 60770K107 | BBG003PHHZV8 | 2729412 | 15195 | SH |  | SOLE |  | 0 | 0 | 15195 |
| NETAPP INC | COM | 64110D104 | BBG001S8LYX5 | 2086419 | 34739 | SH |  | SOLE |  | 0 | 0 | 34739 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 205131 | 4346 | SH |  | SOLE |  | 0 | 0 | 4346 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 258231 | 1767 | SH |  | SOLE |  | 0 | 0 | 1767 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 250678 | 3073 | SH |  | SOLE |  | 0 | 0 | 3073 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 3306943 | 3918 | SH |  | SOLE |  | 0 | 0 | 3918 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 2816809 | 35970 | SH |  | SOLE |  | 0 | 0 | 35970 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 213303 | 733 | SH |  | SOLE |  | 0 | 0 | 733 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 382083 | 3306 | SH |  | SOLE |  | 0 | 0 | 3306 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 410609 | 4057 | SH |  | SOLE |  | 0 | 0 | 4057 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 364695 | 12481 | SH |  | SOLE |  | 0 | 0 | 12481 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1347262 | 8889 | SH |  | SOLE |  | 0 | 0 | 8889 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 1204746 | 10687 | SH |  | SOLE |  | 0 | 0 | 10687 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 1291776 | 12800 | SH |  | SOLE |  | 0 | 0 | 12800 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 11471437 | 206469 | SH |  | SOLE |  | 0 | 0 | 206469 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 12865427 | 194872 | SH |  | SOLE |  | 0 | 0 | 194872 |
| SMUCKER J M CO | COM NEW | 832696405 | BBG001S5W3H5 | 282629 | 1784 | SH |  | SOLE |  | 0 | 0 | 1784 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 2155561 | 5636 | SH |  | SOLE |  | 0 | 0 | 5636 |
| SPDR SER TR | S 600 SMCP GRW | 78464A201 | BBG001SG4275 | 1259432 | 17434 | SH |  | SOLE |  | 0 | 0 | 17434 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 | BBG001SG3JV2 | 1061420 | 14301 | SH |  | SOLE |  | 0 | 0 | 14301 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 435290 | 4388 | SH |  | SOLE |  | 0 | 0 | 4388 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 284176 | 2307 | SH |  | SOLE |  | 0 | 0 | 2307 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 3059775 | 18519 | SH |  | SOLE |  | 0 | 0 | 18519 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 1340295 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 322859 | 2545 | SH |  | SOLE |  | 0 | 0 | 2545 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 6115052 | 81231 | SH |  | SOLE |  | 0 | 0 | 81231 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 58635867 | 816201 | SH |  | SOLE |  | 0 | 0 | 816201 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 7719972 | 162766 | SH |  | SOLE |  | 0 | 0 | 162766 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 18530079 | 86951 | SH |  | SOLE |  | 0 | 0 | 86951 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 4276554 | 51850 | SH |  | SOLE |  | 0 | 0 | 51850 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 1608357 | 10128 | SH |  | SOLE |  | 0 | 0 | 10128 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | BBG001SHTTW9 | 2734165 | 13634 | SH |  | SOLE |  | 0 | 0 | 13634 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 259636 | 1358 | SH |  | SOLE |  | 0 | 0 | 1358 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 47335636 | 337220 | SH |  | SOLE |  | 0 | 0 | 337220 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 11287696 | 289577 | SH |  | SOLE |  | 0 | 0 | 289577 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 | BBG001TCH7W0 | 349880 | 4972 | SH |  | SOLE |  | 0 | 0 | 4972 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 506268 | 3334 | SH |  | SOLE |  | 0 | 0 | 3334 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 8372394 | 161879 | SH |  | SOLE |  | 0 | 0 | 161879 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 19258479 | 458863 | SH |  | SOLE |  | 0 | 0 | 458863 |
| VERISIGN INC | COM | 92343E102 | BBG001S7BCF6 | 2711356 | 13198 | SH |  | SOLE |  | 0 | 0 | 13198 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 226251 | 1089 | SH |  | SOLE |  | 0 | 0 | 1089 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 313781 | 2213 | SH |  | SOLE |  | 0 | 0 | 2213 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 312502 | 3333 | SH |  | SOLE |  | 0 | 0 | 3333 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 261090 | 3724 | SH |  | SOLE |  | 0 | 0 | 3724 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 2830769 | 22102 | SH |  | SOLE |  | 0 | 0 | 22102 |

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