# EDGAR Filing Document

**Accession Number:** 0000869353
**File Stem:** 0000869353-26-000004
**Filing Date:** 2026-5
**Character Count:** 53163
**Document Hash:** d25be1a6c4989ee502b54517693580c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869353-26-000004.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0000869353-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FERGUSON WELLMAN CAPITAL MANAGEMENT, INC
- **CENTRAL INDEX KEY:** 0000869353

**ORGANIZATION NAME:**
- **EIN:** 930646988
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02787
- **FILM NUMBER:** 26932979

**BUSINESS ADDRESS:**
- **STREET 1:** 888 SW 5TH AVE
- **STREET 2:** STE 1200
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** 5032261444

**MAIL ADDRESS:**
- **STREET 1:** 888 SW 5TH AVE
- **STREET 2:** STE 1200
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FERGUSON WELLMAN RUDD PURDY & VAN WINKLE INC
- **DATE OF NAME CHANGE:** 19990406

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** FERGUSON WELLMAN CAPITAL MANAGEMENT INC<br>**Address:** 888 SW 5TH AVE<br>STE 1200<br>PORTLAND, OR 97204

**Form 13F File Number:** 028-02787

**CRD Number (if applicable):** 000104692

**SEC File Number (if applicable):** 801-11188

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:** Ezra William Kover<br>**Title:** CCO<br>**Phone:** 5032761114

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

Ezra William Kover  Portland, OR  05-01-2026<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:** 515

**Form 13F Information Table Value Total:** $7316473310

      (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 |
| iShares Barclays MBS Fixed-Rat | ETF | 464288588 |  | 138835226 | 1462193 | SH |  | SOLE |  | 1345238 | 0 | 116955 |
| iShares Core US Aggregate Bond | ETF | 464287226 |  | 168796211 | 1700375 | SH |  | SOLE |  | 1627352 | 0 | 73023 |
| iShares ESG U.S. Aggregate Bon | ETF | 46435U549 |  | 17126702 | 360183 | SH |  | SOLE |  | 359578 | 0 | 605 |
| iShares Intermediate Govt/Cred | ETF | 464288612 |  | 12209846 | 114453 | SH |  | SOLE |  | 114453 | 0 | 0 |
| iShares US Treasury Bond ETF | ETF | 46429B267 |  | 363353 | 15860 | SH |  | SOLE |  | 15860 | 0 | 0 |
| Schwab Municipal Bond ETF | ETF | 808524649 |  | 4552104 | 178654 | SH |  | SOLE |  | 172072 | 0 | 6582 |
| Vanguard Intermediate-Term Tax | ETF | 922907738 |  | 57973201 | 580080 | SH |  | SOLE |  | 572464 | 0 | 7616 |
| 3M Company | COM | 88579Y101 |  | 1531450 | 10545 | SH |  | SOLE |  | 10545 | 0 | 0 |
| 3M Company | COM | 88579Y101 |  | 23092 | 159 | SH |  | DFND | 02 | 0 | 0 | 159 |
| AAON | COM | 000360206 |  | 13739065 | 166031 | SH |  | SOLE |  | 166031 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 18093329 | 176228 | SH |  | SOLE |  | 167318 | 0 | 8910 |
| Abbott Laboratories | COM | 002824100 |  | 33676 | 328 | SH |  | DFND | 02 | 0 | 0 | 328 |
| AbbVie Inc | COM | 00287Y109 |  | 141421557 | 650244 | SH |  | SOLE |  | 628603 | 0 | 21641 |
| AbbVie Inc | COM | 00287Y109 |  | 36321 | 167 | SH |  | DFND | 02 | 0 | 0 | 167 |
| Accenture PLC Cl A | COM | G1151C101 |  | 980147 | 4943 | SH |  | SOLE |  | 4943 | 0 | 0 |
| Accenture PLC Cl A | COM | G1151C101 |  | 21019 | 106 | SH |  | DFND | 02 | 0 | 0 | 106 |
| Adobe Systems | COM | 00724F101 |  | 2103128 | 8652 | SH |  | SOLE |  | 8558 | 0 | 94 |
| Adobe Systems | COM | 00724F101 |  | 33059 | 136 | SH |  | DFND | 02 | 0 | 0 | 136 |
| Advanced Micro Devices | COM | 007903107 |  | 268121 | 1318 | SH |  | SOLE |  | 1318 | 0 | 0 |
| Advanced Micro Devices | COM | 007903107 |  | 98053 | 482 | SH |  | DFND | 02 | 0 | 0 | 482 |
| Agilent Technologies | COM | 00846U101 |  | 1008267 | 8846 | SH |  | SOLE |  | 8846 | 0 | 0 |
| AGNC Investment Corp | COM | 00123Q104 |  | 351050 | 35000 | SH |  | SOLE |  | 0 | 0 | 35000 |
| Air Products  Chemicals | COM | 009158106 |  | 718672 | 2474 | SH |  | SOLE |  | 2474 | 0 | 0 |
| Albemarle | COM | 012653101 |  | 605914 | 3375 | SH |  | SOLE |  | 3375 | 0 | 0 |
| Allstate | COM | 020002101 |  | 6212528 | 29963 | SH |  | SOLE |  | 29838 | 0 | 125 |
| Alphabet Inc Class A | COM | 02079K305 |  | 347821243 | 1209561 | SH |  | SOLE |  | 1181201 | 0 | 28360 |
| Alphabet Inc Class A | COM | 02079K305 |  | 262255 | 912 | SH |  | DFND | 02 | 0 | 0 | 912 |
| Alphabet Inc Class C | COM | 02079K107 |  | 23205357 | 80894 | SH |  | SOLE |  | 79394 | 0 | 1500 |
| Alphabet Inc Class C | COM | 02079K107 |  | 237520 | 828 | SH |  | DFND | 02 | 0 | 0 | 828 |
| Altria Group | COM | 02209S103 |  | 1757921 | 26639 | SH |  | SOLE |  | 26639 | 0 | 0 |
| Amazon.com | COM | 023135106 |  | 152559826 | 732510 | SH |  | SOLE |  | 715998 | 0 | 16512 |
| Amazon.com | COM | 023135106 |  | 357808 | 1718 | SH |  | DFND | 02 | 0 | 0 | 1718 |
| Ameren | COM | 023608102 |  | 1356193 | 12338 | SH |  | SOLE |  | 12338 | 0 | 0 |
| American Electric Power | COM | 025537101 |  | 118109896 | 901052 | SH |  | SOLE |  | 868874 | 0 | 32178 |
| American Express | COM | 025816109 |  | 2264970 | 7488 | SH |  | SOLE |  | 7488 | 0 | 0 |
| American Express | COM | 025816109 |  | 14519 | 48 | SH |  | DFND | 02 | 0 | 0 | 48 |
| American Intl Group | COM | 026874784 |  | 47054587 | 625310 | SH |  | SOLE |  | 603903 | 0 | 21407 |
| American Tower Corp | COM | 03027X100 |  | 856515 | 4963 | SH |  | SOLE |  | 4963 | 0 | 0 |
| American Tower Corp | COM | 03027X100 |  | 6040 | 35 | SH |  | DFND | 02 | 0 | 0 | 35 |
| Ameriprise Financial | COM | 03076C106 |  | 18848782 | 42414 | SH |  | SOLE |  | 41060 | 0 | 1354 |
| Ametek | COM | 031100100 |  | 2673712 | 12473 | SH |  | SOLE |  | 11743 | 0 | 730 |
| Ametek | COM | 031100100 |  | 857 | 4 | SH |  | DFND | 02 | 0 | 0 | 4 |
| Amgen | COM | 031162100 |  | 112312573 | 319206 | SH |  | SOLE |  | 309490 | 0 | 9716 |
| Amgen | COM | 031162100 |  | 11259 | 32 | SH |  | DFND | 02 | 0 | 0 | 32 |
| Amphenol Cl A | COM | 032095101 |  | 243603 | 1928 | SH |  | SOLE |  | 1928 | 0 | 0 |
| Amphenol Cl A | COM | 032095101 |  | 6570 | 52 | SH |  | DFND | 02 | 0 | 0 | 52 |
| Analog Devices | COM | 032654105 |  | 36858110 | 115855 | SH |  | SOLE |  | 110129 | 0 | 5726 |
| Analog Devices | COM | 032654105 |  | 2863 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Apple Inc | COM | 037833100 |  | 345899081 | 1362934 | SH |  | SOLE |  | 1335460 | 0 | 27474 |
| Apple Inc | COM | 037833100 |  | 413931 | 1631 | SH |  | DFND | 02 | 0 | 0 | 1631 |
| Applied Materials | COM | 038222105 |  | 5342178 | 15630 | SH |  | SOLE |  | 15630 | 0 | 0 |
| Applied Materials | COM | 038222105 |  | 74510 | 218 | SH |  | DFND | 02 | 0 | 0 | 218 |
| AppLovin Corp Class A | COM | 03831W108 |  | 25927312 | 65144 | SH |  | SOLE |  | 63973 | 0 | 1171 |
| Ares Capital | COM | 04010L103 |  | 268210 | 14884 | SH |  | SOLE |  | 0 | 0 | 14884 |
| Arista Networks Inc | COM | 040413106 |  | 190063 | 1548 | SH |  | SOLE |  | 1548 | 0 | 0 |
| Arista Networks Inc | COM | 040413106 |  | 19768 | 161 | SH |  | DFND | 02 | 0 | 0 | 161 |
| Arthur J. Gallagher  Co | COM | 363576109 |  | 10422176 | 48122 | SH |  | SOLE |  | 45847 | 0 | 2275 |
| AT  T | COM | 00206R102 |  | 46254930 | 1595548 | SH |  | SOLE |  | 1504331 | 0 | 91217 |
| Automatic Data Processing | COM | 053015103 |  | 7207607 | 35474 | SH |  | SOLE |  | 33239 | 0 | 2235 |
| Automatic Data Processing | COM | 053015103 |  | 21131 | 104 | SH |  | DFND | 02 | 0 | 0 | 104 |
| Autonation | COM | 05329W102 |  | 5649653 | 28934 | SH |  | SOLE |  | 28358 | 0 | 576 |
| Autozone | COM | 053332102 |  | 249956 | 74 | SH |  | SOLE |  | 74 | 0 | 0 |
| Autozone | COM | 053332102 |  | 6756 | 2 | SH |  | DFND | 02 | 0 | 0 | 2 |
| Avalonbay Communities | COM | 053484101 |  | 40927996 | 250554 | SH |  | SOLE |  | 242015 | 0 | 8539 |
| Avery Dennison Corp | COM | 053611109 |  | 4427170 | 25638 | SH |  | SOLE |  | 25187 | 0 | 451 |
| Avery Dennison Corp | COM | 053611109 |  | 4144 | 24 | SH |  | DFND | 02 | 0 | 0 | 24 |
| Bank of America | COM | 060505104 |  | 603162 | 12373 | SH |  | SOLE |  | 12220 | 0 | 153 |
| Bank of New York Co | COM | 064058100 |  | 2928975 | 24690 | SH |  | SOLE |  | 24690 | 0 | 0 |
| Becton Dickinson  Co | COM | 075887109 |  | 213518 | 1358 | SH |  | SOLE |  | 1358 | 0 | 0 |
| Berkshire Hathaway Class A | COM | 084670108 |  | 7181400 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Berkshire Hathaway Class B | COM | 084670702 |  | 32578570 | 67985 | SH |  | SOLE |  | 61421 | 0 | 6564 |
| BlackRock Inc | COM | 09290d101 |  | 32528879 | 33824 | SH |  | SOLE |  | 32002 | 0 | 1822 |
| BlackRock Inc | COM | 09290d101 |  | 1923 | 2 | SH |  | DFND | 02 | 0 | 0 | 2 |
| Blackstone Inc | COM | 09260D107 |  | 474658 | 4128 | SH |  | SOLE |  | 4128 | 0 | 0 |
| Boeing | COM | 097023105 |  | 1157135 | 5814 | SH |  | SOLE |  | 5769 | 0 | 45 |
| Booking Holdings Inc | COM | 09857L108 |  | 210516 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| Bristol-Myers Squibb | COM | 110122108 |  | 2806780 | 46278 | SH |  | SOLE |  | 45768 | 0 | 510 |
| Broadcom LTD | COM | 11135F101 |  | 216802023 | 700469 | SH |  | SOLE |  | 678273 | 0 | 22196 |
| Broadcom LTD | COM | 11135F101 |  | 184468 | 596 | SH |  | DFND | 02 | 0 | 0 | 596 |
| Cadence Design Systems | COM | 127387108 |  | 641046 | 2307 | SH |  | SOLE |  | 2307 | 0 | 0 |
| Cadence Design Systems | COM | 127387108 |  | 39458 | 142 | SH |  | DFND | 02 | 0 | 0 | 142 |
| Capital One Financial | COM | 14040H105 |  | 4433049 | 24300 | SH |  | SOLE |  | 23878 | 0 | 422 |
| Cardinal Health | COM | 14149Y108 |  | 1115633 | 5280 | SH |  | SOLE |  | 5280 | 0 | 0 |
| Carrier Global Corp Ordinary S | COM | 14448C104 |  | 3742588 | 66464 | SH |  | SOLE |  | 63549 | 0 | 2915 |
| Casey's General Stores | COM | 147528103 |  | 3538855 | 4862 | SH |  | SOLE |  | 4862 | 0 | 0 |
| Caterpillar | COM | 149123101 |  | 14148576 | 19971 | SH |  | SOLE |  | 19525 | 0 | 446 |
| Caterpillar | COM | 149123101 |  | 708 | 1 | SH |  | DFND | 02 | 0 | 0 | 1 |
| CBRE Group A | COM | 12504L109 |  | 2361339 | 17432 | SH |  | SOLE |  | 17432 | 0 | 0 |
| Cencora Formerly AmerisourceBe | COM | 03073E105 |  | 66619670 | 212070 | SH |  | SOLE |  | 207039 | 0 | 5031 |
| CenterPoint Energy | COM | 15189T107 |  | 311831 | 7225 | SH |  | SOLE |  | 7225 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 186521342 | 901505 | SH |  | SOLE |  | 877291 | 0 | 24214 |
| Church  Dwight | COM | 171340102 |  | 274827 | 2945 | SH |  | SOLE |  | 2945 | 0 | 0 |
| Church  Dwight | COM | 171340102 |  | 6066 | 65 | SH |  | DFND | 02 | 0 | 0 | 65 |
| CIENA Corporation | COM | 171779309 |  | 369595 | 952 | SH |  | SOLE |  | 952 | 0 | 0 |
| Cigna | COM | 125523100 |  | 504691 | 1892 | SH |  | SOLE |  | 1892 | 0 | 0 |
| Cisco Systems | COM | 17275R102 |  | 121489339 | 1565786 | SH |  | SOLE |  | 1518721 | 0 | 47065 |
| Cisco Systems | COM | 17275R102 |  | 74331 | 958 | SH |  | DFND | 02 | 0 | 0 | 958 |
| Citigroup | COM | 172967424 |  | 510345 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| Citizens Financial Group Inc | COM | 174610105 |  | 380750 | 6349 | SH |  | SOLE |  | 6349 | 0 | 0 |
| CME Group | COM | 12572Q105 |  | 208517 | 706 | SH |  | SOLE |  | 706 | 0 | 0 |
| CME Group | COM | 12572Q105 |  | 26581 | 90 | SH |  | DFND | 02 | 0 | 0 | 90 |
| CMS Energy | COM | 125896100 |  | 1917855 | 24721 | SH |  | SOLE |  | 24721 | 0 | 0 |
| Coca-Cola | COM | 191216100 |  | 2232676 | 29358 | SH |  | SOLE |  | 29358 | 0 | 0 |
| Colgate-Palmolive | COM | 194162103 |  | 360097 | 4225 | SH |  | SOLE |  | 4225 | 0 | 0 |
| Colgate-Palmolive | COM | 194162103 |  | 28296 | 332 | SH |  | DFND | 02 | 0 | 0 | 332 |
| Columbia Banking | COM | 197236102 |  | 319450 | 11646 | SH |  | SOLE |  | 11646 | 0 | 0 |
| Communication Services SPDR | COM | 81369Y852 |  | 5431364 | 48993 | SH |  | SOLE |  | 44877 | 0 | 4116 |
| ConocoPhillips | COM | 20825C104 |  | 2444013 | 18515 | SH |  | SOLE |  | 18515 | 0 | 0 |
| Consolidated Edison | COM | 209115104 |  | 322676 | 2851 | SH |  | SOLE |  | 2851 | 0 | 0 |
| Consumer Discretionary Selt | COM | 81369y407 |  | 4267112 | 39155 | SH |  | SOLE |  | 37871 | 0 | 1284 |
| Consumer Staples SPDR | COM | 81369y308 |  | 5661949 | 69065 | SH |  | SOLE |  | 69065 | 0 | 0 |
| Cooper Companies | COM | 216648402 |  | 238810 | 3340 | SH |  | SOLE |  | 3340 | 0 | 0 |
| Corning | COM | 219350105 |  | 2078322 | 15285 | SH |  | SOLE |  | 15285 | 0 | 0 |
| Corteva Inc | COM | 22052L104 |  | 1427758 | 17056 | SH |  | SOLE |  | 16821 | 0 | 235 |
| Costco Wholesale Corp | COM | 22160k105 |  | 21932100 | 22011 | SH |  | SOLE |  | 21839 | 0 | 172 |
| Costco Wholesale Corp | COM | 22160k105 |  | 148468 | 149 | SH |  | DFND | 02 | 0 | 0 | 149 |
| CrowdStrike Holdings Inc. | COM | 22788C105 |  | 7916344 | 20277 | SH |  | SOLE |  | 20025 | 0 | 252 |
| CrowdStrike Holdings Inc. | COM | 22788C105 |  | 6247 | 16 | SH |  | DFND | 02 | 0 | 0 | 16 |
| Danaher | COM | 235851102 |  | 391378 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| Deere  Company | COM | 244199105 |  | 3914372 | 6949 | SH |  | SOLE |  | 6914 | 0 | 35 |
| Dell Technologies Inc Class C | COM | 24703L202 |  | 828528 | 5048 | SH |  | SOLE |  | 5048 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 393434 | 2183 | SH |  | SOLE |  | 2122 | 0 | 61 |
| Domino's Pizza | COM | 25754A201 |  | 861814 | 2402 | SH |  | SOLE |  | 2402 | 0 | 0 |
| Dominos Pizza | COM | 25754A201 |  | 1794 | 5 | SH |  | DFND | 02 | 0 | 0 | 5 |
| Dover | COM | 260003108 |  | 748752 | 3592 | SH |  | SOLE |  | 3592 | 0 | 0 |
| Duke Energy | COM | 26441C204 |  | 503595 | 3846 | SH |  | SOLE |  | 3846 | 0 | 0 |
| DuPont de Nemours Inc | COM | 26614N102 |  | 389941 | 8514 | SH |  | SOLE |  | 8279 | 0 | 235 |
| Dutch Bros Inc | COM | 26701L100 |  | 394692 | 7791 | SH |  | SOLE |  | 6591 | 0 | 1200 |
| East West Bancorp Inc | COM | 27579R104 |  | 25609883 | 239883 | SH |  | SOLE |  | 224168 | 0 | 15715 |
| Eaton Corp PLC | COM | g29183103 |  | 49121325 | 137337 | SH |  | SOLE |  | 130405 | 0 | 6932 |
| Ecolab | COM | 278865100 |  | 558908 | 2101 | SH |  | SOLE |  | 2101 | 0 | 0 |
| Ecolab | COM | 278865100 |  | 3990 | 15 | SH |  | DFND | 02 | 0 | 0 | 15 |
| Edwards Lifesciences CP | COM | 28176E108 |  | 2151189 | 26863 | SH |  | SOLE |  | 26863 | 0 | 0 |
| Edwards Lifesciences CP | COM | 28176E108 |  | 17137 | 214 | SH |  | DFND | 02 | 0 | 0 | 214 |
| Electronic Arts | COM | 285512109 |  | 414672 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| Electronic Arts | COM | 285512109 |  | 4893 | 24 | SH |  | DFND | 02 | 0 | 0 | 24 |
| Eli Lilly | COM | 532457108 |  | 19309634 | 20994 | SH |  | SOLE |  | 20848 | 0 | 146 |
| Eli Lilly | COM | 532457108 |  | 112212 | 122 | SH |  | DFND | 02 | 0 | 0 | 122 |
| Emerson Electric | COM | 291011104 |  | 29259758 | 223323 | SH |  | SOLE |  | 210328 | 0 | 12995 |
| Energy Select Sector SPDR | COM | 81369y506 |  | 25949476 | 423596 | SH |  | SOLE |  | 398735 | 0 | 24861 |
| Entergy | COM | 29364G103 |  | 158556477 | 1411147 | SH |  | SOLE |  | 1365539 | 0 | 45608 |
| Extra Space Storage Inc. | COM | 30225t102 |  | 1013635 | 7730 | SH |  | SOLE |  | 7730 | 0 | 0 |
| Exxon Mobil | COM | 30231G102 |  | 39205897 | 231085 | SH |  | SOLE |  | 220959 | 0 | 10126 |
| Exxon Mobil | COM | 30231G102 |  | 1527 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Fastenal Co | COM | 311900104 |  | 681338 | 14684 | SH |  | SOLE |  | 14684 | 0 | 0 |
| Fastenal Co | COM | 311900104 |  | 17029 | 367 | SH |  | DFND | 02 | 0 | 0 | 367 |
| FedEx Corp | COM | 31428X106 |  | 286369 | 804 | SH |  | SOLE |  | 804 | 0 | 0 |
| FedEx Corp | COM | 31428X106 |  | 9261 | 26 | SH |  | DFND | 02 | 0 | 0 | 26 |
| Financial Select Sector SPDR | COM | 81369y605 |  | 6408522 | 129806 | SH |  | SOLE |  | 123936 | 0 | 5870 |
| Five Star Bancorp | COM | 33830T103 |  | 226320 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Franklin Resources | COM | 354613101 |  | 470392 | 19915 | SH |  | SOLE |  | 19675 | 0 | 240 |
| Freeport-McMoran Copper | COM | 35671D857 |  | 25649711 | 436368 | SH |  | SOLE |  | 428063 | 0 | 8305 |
| Ge Healthcare Technologies Inc | COM | 36266G107 |  | 213042 | 2993 | SH |  | SOLE |  | 2931 | 0 | 62 |
| GE Vernova Inc | COM | 36828a101 |  | 2505223 | 2870 | SH |  | SOLE |  | 2823 | 0 | 47 |
| General Dynamics | COM | 369550108 |  | 1506736 | 4390 | SH |  | SOLE |  | 4363 | 0 | 27 |
| General Electric | COM | 369604301 |  | 3317164 | 11690 | SH |  | SOLE |  | 11502 | 0 | 188 |
| General Mills | COM | 370334104 |  | 403241 | 10834 | SH |  | SOLE |  | 10084 | 0 | 750 |
| Gilead Sciences | COM | 375558103 |  | 2136124 | 15327 | SH |  | SOLE |  | 15147 | 0 | 180 |
| Goldman Sachs Group | COM | 38141G104 |  | 962737 | 1138 | SH |  | SOLE |  | 1138 | 0 | 0 |
| Graco | COM | 384109104 |  | 634875 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| Graco | COM | 384109104 |  | 9565 | 113 | SH |  | DFND | 02 | 0 | 0 | 113 |
| Grainger (W.W.) Inc | COM | 384802104 |  | 368694 | 338 | SH |  | SOLE |  | 338 | 0 | 0 |
| Grainger (W.W.) Inc | COM | 384802104 |  | 5454 | 5 | SH |  | DFND | 02 | 0 | 0 | 5 |
| Harley-Davidson | COM | 412822108 |  | 278308 | 13764 | SH |  | SOLE |  | 12289 | 0 | 1475 |
| Health Care Select Sector SPDR | COM | 81369y209 |  | 3243306 | 22122 | SH |  | SOLE |  | 22062 | 0 | 60 |
| Hershey Company | COM | 427866108 |  | 880414 | 4235 | SH |  | SOLE |  | 4235 | 0 | 0 |
| Hershey Company | COM | 427866108 |  | 2703 | 13 | SH |  | DFND | 02 | 0 | 0 | 13 |
| Home Depot | COM | 437076102 |  | 85252182 | 259212 | SH |  | SOLE |  | 251966 | 0 | 7246 |
| Home Depot | COM | 437076102 |  | 50649 | 154 | SH |  | DFND | 02 | 0 | 0 | 154 |
| Honeywell International Inc | COM | 438516106 |  | 110177844 | 487448 | SH |  | SOLE |  | 470997 | 0 | 16451 |
| Hubbell Inc | COM | 443510607 |  | 1150785 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| Hubbell Inc | COM | 443510607 |  | 981 | 2 | SH |  | DFND | 02 | 0 | 0 | 2 |
| Humana | COM | 444859102 |  | 1665238 | 9604 | SH |  | SOLE |  | 9604 | 0 | 0 |
| Humana | COM | 444859102 |  | 2081 | 12 | SH |  | DFND | 02 | 0 | 0 | 12 |
| Huntington Bancshares Inc | COM | 446150104 |  | 308649 | 19722 | SH |  | SOLE |  | 19722 | 0 | 0 |
| Huntington Ingalls Industries | COM | 446413106 |  | 471456 | 1241 | SH |  | SOLE |  | 1241 | 0 | 0 |
| Idacorp Inc | COM | 451107106 |  | 233899 | 1636 | SH |  | SOLE |  | 1636 | 0 | 0 |
| Illinois Tool Works | COM | 452308109 |  | 545753 | 2097 | SH |  | SOLE |  | 2097 | 0 | 0 |
| Illinois Tool Works | COM | 452308109 |  | 2343 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Industrial Select Sector SPDR | COM | 81369Y704 |  | 23004637 | 142241 | SH |  | SOLE |  | 138192 | 0 | 4049 |
| Ingersoll Rand Inc | COM | 45687V106 |  | 292198 | 3647 | SH |  | SOLE |  | 3647 | 0 | 0 |
| Ingredion | COM | 457187102 |  | 568820 | 5049 | SH |  | SOLE |  | 5049 | 0 | 0 |
| Intel | COM | 458140100 |  | 1724155 | 39070 | SH |  | SOLE |  | 38999 | 0 | 71 |
| International Business Machine | COM | 459200101 |  | 36117807 | 149007 | SH |  | SOLE |  | 140383 | 0 | 8624 |
| Intuit | COM | 461202103 |  | 5898528 | 13642 | SH |  | SOLE |  | 13642 | 0 | 0 |
| Intuit | COM | 461202103 |  | 27240 | 63 | SH |  | DFND | 02 | 0 | 0 | 63 |
| Intuitive Surgical Inc | COM | 46120E602 |  | 420884 | 913 | SH |  | SOLE |  | 913 | 0 | 0 |
| Intuitive Surgical Inc | COM | 46120E602 |  | 49787 | 108 | SH |  | DFND | 02 | 0 | 0 | 108 |
| iShares Nasdaq Biotech Index | COM | 464287556 |  | 1044000 | 6183 | SH |  | SOLE |  | 6183 | 0 | 0 |
| iShares PHLX SOX Semiconductor | COM | 464287523 |  | 405566 | 1234 | SH |  | SOLE |  | 1234 | 0 | 0 |
| iShares Transportation Average | COM | 464287192 |  | 424325 | 5688 | SH |  | SOLE |  | 5688 | 0 | 0 |
| iShares U.S. Aerospace  Defen | COM | 464288760 |  | 14586104 | 66679 | SH |  | SOLE |  | 65103 | 0 | 1576 |
| iShares U.S. Basic Materials E | COM | 464287838 |  | 512807 | 2915 | SH |  | SOLE |  | 2845 | 0 | 70 |
| iShares U.S. Consumer Goods ET | COM | 464287812 |  | 440139 | 6285 | SH |  | SOLE |  | 6285 | 0 | 0 |
| iShares U.S. Consumer Services | COM | 464287580 |  | 5409881 | 55818 | SH |  | SOLE |  | 55563 | 0 | 255 |
| iShares U.S. Financial Service | COM | 464287770 |  | 12300994 | 148491 | SH |  | SOLE |  | 144516 | 0 | 3975 |
| iShares U.S. Financials ETF | COM | 464287788 |  | 300151 | 2551 | SH |  | SOLE |  | 2551 | 0 | 0 |
| iShares U.S. Healthcare ETF | COM | 464287762 |  | 574485 | 9320 | SH |  | SOLE |  | 9320 | 0 | 0 |
| iShares U.S. Industrials ETF | COM | 464287754 |  | 9587887 | 64985 | SH |  | SOLE |  | 63025 | 0 | 1960 |
| iShares U.S. Technology ETF | COM | 464287721 |  | 4467105 | 24623 | SH |  | SOLE |  | 24383 | 0 | 240 |
| iShares US Insurance ETF | COM | 464288786 |  | 244392 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 114437763 | 468163 | SH |  | SOLE |  | 449406 | 0 | 18757 |
| Johnson  Johnson | COM | 478160104 |  | 211441 | 865 | SH |  | DFND | 02 | 0 | 0 | 865 |
| Johnson Controls | COM | G51502105 |  | 1932822 | 14760 | SH |  | SOLE |  | 14406 | 0 | 354 |
| JPMorgan Chase and Company | COM | 46625H100 |  | 220291954 | 748885 | SH |  | SOLE |  | 724202 | 0 | 24683 |
| Keysight Technologies Inc | COM | 49338L103 |  | 1337022 | 4735 | SH |  | SOLE |  | 4735 | 0 | 0 |
| Keysight Technologies Inc | COM | 49338L103 |  | 2541 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Kimberly Clark | COM | 494368103 |  | 1092233 | 11322 | SH |  | SOLE |  | 10972 | 0 | 350 |
| Kinder Morgan Inc | COM | 49456b101 |  | 24085494 | 718327 | SH |  | SOLE |  | 672457 | 0 | 45870 |
| KLA-Tencor | COM | 482480100 |  | 256199 | 174 | SH |  | SOLE |  | 174 | 0 | 0 |
| KLA-Tencor | COM | 482480100 |  | 13252 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Kroger Foods | COM | 501044101 |  | 600733 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| Kroger Foods | COM | 501044101 |  | 27135 | 375 | SH |  | DFND | 02 | 0 | 0 | 375 |
| Lam Research Corp | COM | 512807108 |  | 2012464 | 9419 | SH |  | SOLE |  | 9419 | 0 | 0 |
| Lam Research Corp | COM | 512807108 |  | 113240 | 530 | SH |  | DFND | 02 | 0 | 0 | 530 |
| Lewis  Clark Bank | COM | 527584106 |  | 70494 | 11279 | SH |  | SOLE |  | 11279 | 0 | 0 |
| Linde PLC | COM | G5494J103 |  | 258787 | 522 | SH |  | SOLE |  | 510 | 0 | 12 |
| Linde PLC | COM | G5494J103 |  | 75851 | 153 | SH |  | DFND | 02 | 0 | 0 | 153 |
| Lockheed Martin | COM | 539830109 |  | 20965080 | 34688 | SH |  | SOLE |  | 32781 | 0 | 1907 |
| Lockheed Martin | COM | 539830109 |  | 10275 | 17 | SH |  | DFND | 02 | 0 | 0 | 17 |
| Lowe's Companies | COM | 548661107 |  | 1394761 | 5903 | SH |  | SOLE |  | 5790 | 0 | 113 |
| Lowes Companies | COM | 548661107 |  | 23392 | 99 | SH |  | DFND | 02 | 0 | 0 | 99 |
| M Bank | COM | 55261F104 |  | 249718 | 1208 | SH |  | SOLE |  | 1208 | 0 | 0 |
| Manulife Financial Corp | COM | 56501R106 |  | 647816 | 18810 | SH |  | SOLE |  | 18810 | 0 | 0 |
| Marathon Petroleum | COM | 56585A102 |  | 1050462 | 4302 | SH |  | SOLE |  | 4199 | 0 | 103 |
| Marriott International CL A | COM | 571903202 |  | 916450 | 2802 | SH |  | SOLE |  | 2802 | 0 | 0 |
| Marriott International CL A | COM | 571903202 |  | 654 | 2 | SH |  | DFND | 02 | 0 | 0 | 2 |
| Marsh  McLennan Companies Inc | COM | 571748102 |  | 726929 | 4191 | SH |  | SOLE |  | 4191 | 0 | 0 |
| Marsh  McLennan Companies Inc | COM | 571748102 |  | 8499 | 49 | SH |  | DFND | 02 | 0 | 0 | 49 |
| Martin Marietta Materials | COM | 573284106 |  | 590446 | 1003 | SH |  | SOLE |  | 1003 | 0 | 0 |
| Martin Marietta Materials | COM | 573284106 |  | 589 | 1 | SH |  | DFND | 02 | 0 | 0 | 1 |
| MASCO | COM | 574599106 |  | 622475 | 10311 | SH |  | SOLE |  | 10076 | 0 | 235 |
| Mastercard Cl A | COM | 57636Q104 |  | 7187122 | 14384 | SH |  | SOLE |  | 14384 | 0 | 0 |
| Mastercard Cl A | COM | 57636Q104 |  | 122417 | 245 | SH |  | DFND | 02 | 0 | 0 | 245 |
| Materials Select Sector SPDR | COM | 81369y100 |  | 4061062 | 81270 | SH |  | SOLE |  | 78972 | 0 | 2298 |
| McCormick  Co | COM | 579780206 |  | 688182 | 13644 | SH |  | SOLE |  | 13644 | 0 | 0 |
| McDonalds | COM | 580135101 |  | 30433527 | 97923 | SH |  | SOLE |  | 93002 | 0 | 4921 |
| McDonalds | COM | 580135101 |  | 14296 | 46 | SH |  | DFND | 02 | 0 | 0 | 46 |
| McKesson | COM | 58155Q103 |  | 23616562 | 27291 | SH |  | SOLE |  | 26726 | 0 | 565 |
| McKesson | COM | 58155Q103 |  | 8654 | 10 | SH |  | DFND | 02 | 0 | 0 | 10 |
| Medtronic PLC | COM | G5960L103 |  | 10308404 | 118966 | SH |  | SOLE |  | 111495 | 0 | 7471 |
| Merck | COM | 58933Y105 |  | 46422437 | 385921 | SH |  | SOLE |  | 367972 | 0 | 17949 |
| Merck | COM | 58933Y105 |  | 4210 | 35 | SH |  | DFND | 02 | 0 | 0 | 35 |
| Meta Platforms Inc. | COM | 30303M102 |  | 33553848 | 58647 | SH |  | SOLE |  | 57470 | 0 | 1177 |
| Meta Platforms Inc. | COM | 30303M102 |  | 290070 | 507 | SH |  | DFND | 02 | 0 | 0 | 507 |
| MetLife | COM | 59156R108 |  | 12547075 | 177419 | SH |  | SOLE |  | 167522 | 0 | 9897 |
| Micron Technology | COM | 595112103 |  | 37124247 | 109887 | SH |  | SOLE |  | 107829 | 0 | 2058 |
| Microsoft | COM | 594918104 |  | 335790657 | 907126 | SH |  | SOLE |  | 888212 | 0 | 18914 |
| Microsoft | COM | 594918104 |  | 464563 | 1255 | SH |  | DFND | 02 | 0 | 0 | 1255 |
| Mondelez International | COM | 609207105 |  | 686244 | 11906 | SH |  | SOLE |  | 11606 | 0 | 300 |
| Monolithic Power Systems Inc | COM | 609839105 |  | 192430 | 176 | SH |  | SOLE |  | 176 | 0 | 0 |
| Monolithic Power Systems Inc | COM | 609839105 |  | 7653 | 7 | SH |  | DFND | 02 | 0 | 0 | 7 |
| Monster Beverage | COM | 61174x109 |  | 364764 | 5034 | SH |  | SOLE |  | 5034 | 0 | 0 |
| Monster Beverage | COM | 61174x109 |  | 10724 | 148 | SH |  | DFND | 02 | 0 | 0 | 148 |
| Moody's Corporation | COM | 615369105 |  | 1624159 | 3723 | SH |  | SOLE |  | 3723 | 0 | 0 |
| Moodys Corporation | COM | 615369105 |  | 25739 | 59 | SH |  | DFND | 02 | 0 | 0 | 59 |
| Morgan Stanley | COM | 617446448 |  | 53455837 | 324821 | SH |  | SOLE |  | 307480 | 0 | 17341 |
| Motorola Solutions | COM | 620076307 |  | 6872577 | 15837 | SH |  | SOLE |  | 15312 | 0 | 525 |
| Motorola Solutions | COM | 620076307 |  | 3038 | 7 | SH |  | DFND | 02 | 0 | 0 | 7 |
| Murphy USA Inc. | COM | 626755102 |  | 365538 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| Netflix Inc | COM | 64110L106 |  | 664877 | 6915 | SH |  | SOLE |  | 6915 | 0 | 0 |
| Netflix Inc | COM | 64110L106 |  | 128745 | 1339 | SH |  | DFND | 02 | 0 | 0 | 1339 |
| Nextera Energy Inc | COM | 65339F101 |  | 5189020 | 55868 | SH |  | SOLE |  | 54444 | 0 | 1424 |
| Nike | COM | 654106103 |  | 31982699 | 605504 | SH |  | SOLE |  | 589779 | 0 | 15725 |
| Nike | COM | 654106103 |  | 9032 | 171 | SH |  | DFND | 02 | 0 | 0 | 171 |
| Norfolk Southern | COM | 655844108 |  | 719509 | 2507 | SH |  | SOLE |  | 2507 | 0 | 0 |
| Northrop Grumman | COM | 666807102 |  | 590138 | 865 | SH |  | SOLE |  | 865 | 0 | 0 |
| Northrop Grumman | COM | 666807102 |  | 4776 | 7 | SH |  | DFND | 02 | 0 | 0 | 7 |
| NRG Energy Inc | COM | 629377508 |  | 24823633 | 169862 | SH |  | SOLE |  | 166308 | 0 | 3554 |
| Nucor Corp | COM | 670346105 |  | 217293 | 1285 | SH |  | SOLE |  | 1285 | 0 | 0 |
| Nvidia | COM | 67066G104 |  | 326849326 | 1874136 | SH |  | SOLE |  | 1789395 | 0 | 84741 |
| Nvidia | COM | 67066G104 |  | 259333 | 1487 | SH |  | DFND | 02 | 0 | 0 | 1487 |
| Oracle Corporation | COM | 68389X105 |  | 1155402 | 7854 | SH |  | SOLE |  | 7854 | 0 | 0 |
| Otis Worldwide Corp Ordinary S | COM | 68902V107 |  | 243881 | 3164 | SH |  | SOLE |  | 3164 | 0 | 0 |
| Palo Alto Networks Inc | COM | 697435105 |  | 31650374 | 197420 | SH |  | SOLE |  | 193235 | 0 | 4185 |
| Palo Alto Networks Inc | COM | 697435105 |  | 17475 | 109 | SH |  | DFND | 02 | 0 | 0 | 109 |
| Parker Hannifin | COM | 701094104 |  | 112600601 | 125777 | SH |  | SOLE |  | 122298 | 0 | 3479 |
| Parker Hannifin | COM | 701094104 |  | 4476 | 5 | SH |  | DFND | 02 | 0 | 0 | 5 |
| Peoples Bank of Commerce Orego | COM | 710311101 |  | 1803268 | 98057 | SH |  | SOLE |  | 98057 | 0 | 0 |
| Pepsico | COM | 713448108 |  | 6181578 | 39807 | SH |  | SOLE |  | 39517 | 0 | 290 |
| Pepsico | COM | 713448108 |  | 11647 | 75 | SH |  | DFND | 02 | 0 | 0 | 75 |
| Pfizer | COM | 717081103 |  | 880533 | 31358 | SH |  | SOLE |  | 31358 | 0 | 0 |
| Philip Morris International In | COM | 718172109 |  | 79800945 | 482648 | SH |  | SOLE |  | 466661 | 0 | 15987 |
| Phillips 66 | COM | 718546104 |  | 3671838 | 20155 | SH |  | SOLE |  | 20098 | 0 | 57 |
| PNC Financial Services Group | COM | 693475105 |  | 1840348 | 8844 | SH |  | SOLE |  | 8844 | 0 | 0 |
| PPG Industries | COM | 693506107 |  | 779476 | 7293 | SH |  | SOLE |  | 7293 | 0 | 0 |
| Price (T. Rowe) Associates | COM | 74144T108 |  | 361281 | 4008 | SH |  | SOLE |  | 4008 | 0 | 0 |
| Price (T. Rowe) Associates | COM | 74144T108 |  | 1082 | 12 | SH |  | DFND | 02 | 0 | 0 | 12 |
| Procter And Gamble | COM | 742718109 |  | 130355949 | 902492 | SH |  | SOLE |  | 869292 | 0 | 33200 |
| Progressive Corp | COM | 743315103 |  | 1882487 | 9496 | SH |  | SOLE |  | 9496 | 0 | 0 |
| Progressive Corp | COM | 743315103 |  | 27159 | 137 | SH |  | DFND | 02 | 0 | 0 | 137 |
| Public Svc Enterprise Group | COM | 744573106 |  | 211037 | 2607 | SH |  | SOLE |  | 1607 | 0 | 1000 |
| Qualcomm | COM | 747525103 |  | 819487 | 6363 | SH |  | SOLE |  | 6363 | 0 | 0 |
| Qualcomm | COM | 747525103 |  | 18029 | 140 | SH |  | DFND | 02 | 0 | 0 | 140 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 5520365 | 28618 | SH |  | SOLE |  | 27125 | 0 | 1493 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 13889 | 72 | SH |  | DFND | 02 | 0 | 0 | 72 |
| Real Estate Select Sector SPDR | COM | 81369Y860 |  | 749463 | 18356 | SH |  | SOLE |  | 18356 | 0 | 0 |
| Rockwell Automation | COM | 773903109 |  | 797431 | 2222 | SH |  | SOLE |  | 2222 | 0 | 0 |
| Rockwell Automation | COM | 773903109 |  | 1436 | 4 | SH |  | DFND | 02 | 0 | 0 | 4 |
| S Global Inc | COM | 78409V104 |  | 504028 | 1185 | SH |  | SOLE |  | 935 | 0 | 250 |
| SP Global Inc | COM | 78409V104 |  | 20416 | 48 | SH |  | DFND | 02 | 0 | 0 | 48 |
| Salesforce.com | COM | 79466L302 |  | 434381 | 2327 | SH |  | SOLE |  | 2327 | 0 | 0 |
| Salesforce.com | COM | 79466L302 |  | 15494 | 83 | SH |  | DFND | 02 | 0 | 0 | 83 |
| Schlumberger | COM | 806857108 |  | 2005700 | 39029 | SH |  | SOLE |  | 36679 | 0 | 2350 |
| Schwab (Charles) | COM | 808513105 |  | 36591808 | 389357 | SH |  | SOLE |  | 375642 | 0 | 13715 |
| Schwab (Charles) | COM | 808513105 |  | 376 | 4 | SH |  | DFND | 02 | 0 | 0 | 4 |
| Seagate Technology | COM | G7945M107 |  | 354151 | 904 | SH |  | SOLE |  | 904 | 0 | 0 |
| Sherwin-Williams | COM | 824348106 |  | 882795 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| Sherwin-Williams | COM | 824348106 |  | 18592 | 58 | SH |  | DFND | 02 | 0 | 0 | 58 |
| Shopify Inc A | COM | 82509L107 |  | 301295 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| Solstice Advanced Materials In | COM | 83443q103 |  | 208298 | 2735 | SH |  | SOLE |  | 2735 | 0 | 0 |
| Southern Company | COM | 842587107 |  | 244196 | 2530 | SH |  | SOLE |  | 2530 | 0 | 0 |
| Southern Copper | COM | 84265V105 |  | 7036819 | 40897 | SH |  | SOLE |  | 37967 | 0 | 2930 |
| SPX Corp | COM | 784635104 |  | 620814 | 3105 | SH |  | SOLE |  | 3105 | 0 | 0 |
| Starbucks Coffee | COM | 855244109 |  | 2878617 | 32131 | SH |  | SOLE |  | 32131 | 0 | 0 |
| Starbucks Coffee | COM | 855244109 |  | 5913 | 66 | SH |  | DFND | 02 | 0 | 0 | 66 |
| State Street | COM | 857477103 |  | 127856734 | 1010246 | SH |  | SOLE |  | 976352 | 0 | 33894 |
| Stryker | COM | 863667101 |  | 60703388 | 184739 | SH |  | SOLE |  | 180982 | 0 | 3757 |
| Stryker | COM | 863667101 |  | 5257 | 16 | SH |  | DFND | 02 | 0 | 0 | 16 |
| Synopsys | COM | 871607107 |  | 199033 | 502 | SH |  | SOLE |  | 502 | 0 | 0 |
| Synopsys | COM | 871607107 |  | 6344 | 16 | SH |  | DFND | 02 | 0 | 0 | 16 |
| Sysco | COM | 871829107 |  | 212635 | 2981 | SH |  | SOLE |  | 2981 | 0 | 0 |
| Sysco | COM | 871829107 |  | 1997 | 28 | SH |  | DFND | 02 | 0 | 0 | 28 |
| T-Mobile | COM | 872590104 |  | 658864 | 3137 | SH |  | SOLE |  | 3137 | 0 | 0 |
| Target | COM | 87612E106 |  | 286759 | 2366 | SH |  | SOLE |  | 2366 | 0 | 0 |
| Target | COM | 87612E106 |  | 19756 | 163 | SH |  | DFND | 02 | 0 | 0 | 163 |
| TE Connectivity LTD | COM | H84989104 |  | 895024 | 4282 | SH |  | SOLE |  | 4282 | 0 | 0 |
| TE Connectivity LTD | COM | H84989104 |  | 627 | 3 | SH |  | DFND | 02 | 0 | 0 | 3 |
| Technology Select Sector SPDR | COM | 81369y803 |  | 11544985 | 86870 | SH |  | SOLE |  | 85164 | 0 | 1706 |
| Terawulf Inc | COM | 88080t104 |  | 225252 | 15610 | SH |  | SOLE |  | 15610 | 0 | 0 |
| Tesla Motors | COM | 88160R101 |  | 9103414 | 24488 | SH |  | SOLE |  | 24488 | 0 | 0 |
| Tesla Motors | COM | 88160R101 |  | 64313 | 173 | SH |  | DFND | 02 | 0 | 0 | 173 |
| Texas Instruments | COM | 882508104 |  | 16435310 | 84657 | SH |  | SOLE |  | 81547 | 0 | 3110 |
| Texas Instruments | COM | 882508104 |  | 34169 | 176 | SH |  | DFND | 02 | 0 | 0 | 176 |
| Thermo Fisher Scientific | COM | 883556102 |  | 10972916 | 22324 | SH |  | SOLE |  | 21745 | 0 | 579 |
| Thermo Fisher Scientific | COM | 883556102 |  | 15237 | 31 | SH |  | DFND | 02 | 0 | 0 | 31 |
| Thunder Mountain Gold Inc | COM | 886043108 |  | 7500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TJX Companies | COM | 872540109 |  | 75780525 | 474518 | SH |  | SOLE |  | 458862 | 0 | 15656 |
| TJX Companies | COM | 872540109 |  | 12936 | 81 | SH |  | DFND | 02 | 0 | 0 | 81 |
| Trane Technologies | COM | G47791101 |  | 76520132 | 183616 | SH |  | SOLE |  | 180056 | 0 | 3560 |
| Trane Technologies | COM | G47791101 |  | 833 | 2 | SH |  | DFND | 02 | 0 | 0 | 2 |
| Transcanada Corp | COM | 89353D107 |  | 829012 | 13243 | SH |  | SOLE |  | 13243 | 0 | 0 |
| TransDigm Group | COM | 893641100 |  | 354642 | 306 | SH |  | SOLE |  | 306 | 0 | 0 |
| TransDigm Group | COM | 893641100 |  | 1159 | 1 | SH |  | DFND | 02 | 0 | 0 | 1 |
| Travelers Companies | COM | 89417E109 |  | 5394622 | 18495 | SH |  | SOLE |  | 18095 | 0 | 400 |
| Travelers Companies | COM | 89417E109 |  | 33835 | 116 | SH |  | DFND | 02 | 0 | 0 | 116 |
| Trimble Navigation | COM | 896239100 |  | 1043680 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| Uber Technologies Inc. | COM | 90353T100 |  | 58952677 | 819584 | SH |  | SOLE |  | 803293 | 0 | 16291 |
| Union Pacific | COM | 907818108 |  | 10666788 | 43965 | SH |  | SOLE |  | 43251 | 0 | 714 |
| Union Pacific | COM | 907818108 |  | 12131 | 50 | SH |  | DFND | 02 | 0 | 0 | 50 |
| United Parcel Service CL B | COM | 911312106 |  | 10041942 | 102073 | SH |  | SOLE |  | 94538 | 0 | 7535 |
| United Parcel Service CL B | COM | 911312106 |  | 3837 | 39 | SH |  | DFND | 02 | 0 | 0 | 39 |
| UnitedHealth Group | COM | 91324P102 |  | 6582775 | 24327 | SH |  | SOLE |  | 24219 | 0 | 108 |
| UnitedHealth Group | COM | 91324P102 |  | 60612 | 224 | SH |  | DFND | 02 | 0 | 0 | 224 |
| US Bancorp | COM | 902973304 |  | 2860394 | 54997 | SH |  | SOLE |  | 51755 | 0 | 3242 |
| Utilities Select Sector SPDR | COM | 81369y886 |  | 284151 | 6192 | SH |  | SOLE |  | 6192 | 0 | 0 |
| Valero Energy Corp | COM | 91913Y100 |  | 349865 | 1416 | SH |  | SOLE |  | 1231 | 0 | 185 |
| VanEck Semiconductor ETF | COM | 92189F676 |  | 11312984 | 29507 | SH |  | SOLE |  | 28977 | 0 | 530 |
| Vanguard Info Tech ETF | COM | 92204A702 |  | 537244 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| Vanguard REIT VIPERs ETF | COM | 922908553 |  | 438954 | 4949 | SH |  | SOLE |  | 4949 | 0 | 0 |
| Verizon Communications | COM | 92343V104 |  | 27803285 | 553850 | SH |  | SOLE |  | 526261 | 0 | 27590 |
| Visa Inc | COM | 92826C839 |  | 107602148 | 356016 | SH |  | SOLE |  | 348400 | 0 | 7616 |
| Visa Inc | COM | 92826C839 |  | 72235 | 239 | SH |  | DFND | 02 | 0 | 0 | 239 |
| Wal Mart Stores | COM | 931142103 |  | 118353929 | 952317 | SH |  | SOLE |  | 918095 | 0 | 34222 |
| Wal Mart Stores | COM | 931142103 |  | 197854 | 1592 | SH |  | DFND | 02 | 0 | 0 | 1592 |
| Walt Disney | COM | 254687106 |  | 1586341 | 16459 | SH |  | SOLE |  | 16459 | 0 | 0 |
| Waste Connections | COM | 941053100 |  | 645537 | 3974 | SH |  | SOLE |  | 3974 | 0 | 0 |
| Waste Management | COM | 94106L109 |  | 2423136 | 10545 | SH |  | SOLE |  | 10528 | 0 | 17 |
| Waste Management | COM | 94106L109 |  | 6894 | 30 | SH |  | DFND | 02 | 0 | 0 | 30 |
| Waters Corporation | COM | 941848103 |  | 660223 | 2217 | SH |  | SOLE |  | 2215 | 0 | 2 |
| Wells Fargo | COM | 949746101 |  | 77883417 | 978312 | SH |  | SOLE |  | 947024 | 0 | 31288 |
| Williams Companies | COM | 969457100 |  | 1556400 | 21385 | SH |  | SOLE |  | 21385 | 0 | 0 |
| Woodward Inc | COM | 980745103 |  | 432009 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| XTRA Bitcoin Inc | COM | 98422A101 |  | 100 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Xylem | COM | 98419M100 |  | 928276 | 7768 | SH |  | SOLE |  | 7768 | 0 | 0 |
| Xylem | COM | 98419M100 |  | 3943 | 33 | SH |  | DFND | 02 | 0 | 0 | 33 |
| Yum Brands Inc | COM | 988498101 |  | 1042493 | 6705 | SH |  | SOLE |  | 6705 | 0 | 0 |
| Yum Brands Inc | COM | 988498101 |  | 2177 | 14 | SH |  | DFND | 02 | 0 | 0 | 14 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 236991 | 2621 | SH |  | SOLE |  | 2621 | 0 | 0 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 452 | 5 | SH |  | DFND | 02 | 0 | 0 | 5 |
| Zoetis | COM | 98978V103 |  | 824633 | 6976 | SH |  | SOLE |  | 6779 | 0 | 197 |
| Zoetis | COM | 98978V103 |  | 13594 | 115 | SH |  | DFND | 02 | 0 | 0 | 115 |
| Dimensional ETF Trust | ETF | 25434v401 |  | 400074 | 5642 | SH |  | SOLE |  | 5642 | 0 | 0 |
| Dimensional US Marketwide Valu | ETF | 25434V724 |  | 1344329 | 27741 | SH |  | SOLE |  | 27741 | 0 | 0 |
| Dimensional US Targeted Value | ETF | 25434V609 |  | 736348 | 11791 | SH |  | SOLE |  | 11791 | 0 | 0 |
| Direxion Daily Financial Bull | ETF | 25459y694 |  | 344953 | 2911 | SH |  | SOLE |  | 2911 | 0 | 0 |
| Direxion Daily S Bull 3X | ETF | 25459w862 |  | 665604 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| Direxion Daily Technology Bull | ETF | 25459w102 |  | 283884 | 3280 | SH |  | SOLE |  | 3280 | 0 | 0 |
| Global X NASDAQ 100 Covered Ca | ETF | 37954Y483 |  | 257343 | 15005 | SH |  | SOLE |  | 5 | 0 | 15000 |
| Invesco FTSE RAFI US 1000 ETF | ETF | 46137V613 |  | 237175 | 4990 | SH |  | SOLE |  | 4990 | 0 | 0 |
| Invesco QQQ Trust | ETF | 46090E103 |  | 8325244 | 14424 | SH |  | SOLE |  | 12516 | 0 | 1908 |
| Invesco Semiconductors ETF | ETF | 46137v647 |  | 524092 | 5553 | SH |  | SOLE |  | 5553 | 0 | 0 |
| Invesco Water Resources ETF | ETF | 46137V142 |  | 440073 | 6582 | SH |  | SOLE |  | 6582 | 0 | 0 |
| iShares Core 60/40 Balanced Al | ETF | 464289867 |  | 220978 | 3434 | SH |  | SOLE |  | 3434 | 0 | 0 |
| iShares Core Dividend Growth E | ETF | 46434v621 |  | 1162884 | 16570 | SH |  | SOLE |  | 16570 | 0 | 0 |
| iShares Core S 500 ETF | ETF | 464287200 |  | 137117195 | 209913 | SH |  | SOLE |  | 199645 | 0 | 10268 |
| iShares Core S Total US Stoc | ETF | 464287150 |  | 6252535 | 43899 | SH |  | SOLE |  | 43899 | 0 | 0 |
| iShares Global Clean Energy ET | ETF | 464288224 |  | 833292 | 45560 | SH |  | SOLE |  | 42520 | 0 | 3040 |
| iShares MSCI USA ESG Optimized | ETF | 46435g425 |  | 8633550 | 61049 | SH |  | SOLE |  | 61049 | 0 | 0 |
| iShares MSCI USA ESG Select ET | ETF | 464288802 |  | 328797 | 2489 | SH |  | SOLE |  | 2489 | 0 | 0 |
| iShares MSCI USA Quality Facto | ETF | 46432F339 |  | 592117 | 3087 | SH |  | SOLE |  | 3087 | 0 | 0 |
| iShares Russell 1000 ETF | ETF | 464287622 |  | 2620003 | 7348 | SH |  | SOLE |  | 7348 | 0 | 0 |
| iShares Russell 1000 Growth ET | ETF | 464287614 |  | 2095756 | 4915 | SH |  | SOLE |  | 4915 | 0 | 0 |
| iShares Russell 1000 Value ETF | ETF | 464287598 |  | 4569760 | 21387 | SH |  | SOLE |  | 21325 | 0 | 62 |
| iShares Russell 3000 ETF | ETF | 464287689 |  | 445928 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| iShares S 100 Index Fund | ETF | 464287101 |  | 1008600 | 3171 | SH |  | SOLE |  | 3171 | 0 | 0 |
| iShares S 500 Growth ETF | ETF | 464287309 |  | 1186071 | 10486 | SH |  | SOLE |  | 10486 | 0 | 0 |
| iShares S 500 Value ETF | ETF | 464287408 |  | 453761 | 2149 | SH |  | SOLE |  | 2149 | 0 | 0 |
| iShares Select Dividend ETF | ETF | 464287168 |  | 4749186 | 31366 | SH |  | SOLE |  | 31161 | 0 | 205 |
| Schwab Fundamental US Large Co | ETF | 808524771 |  | 379233 | 13617 | SH |  | SOLE |  | 13617 | 0 | 0 |
| Schwab U.S. Dividend Equity | ETF | 808524797 |  | 359567 | 11720 | SH |  | SOLE |  | 11720 | 0 | 0 |
| Schwab US Large-Cap Growth ETF | ETF | 808524300 |  | 1094304 | 37566 | SH |  | SOLE |  | 37566 | 0 | 0 |
| Schwab US Large Cap ETF | ETF | 808524201 |  | 1149313 | 44825 | SH |  | SOLE |  | 44825 | 0 | 0 |
| Schwab US Mid-Cap ETF | ETF | 808524508 |  | 211859 | 6843 | SH |  | SOLE |  | 6843 | 0 | 0 |
| SPDR Dow Jones Ind Average ETF | ETF | 78467X109 |  | 541006 | 1168 | SH |  | SOLE |  | 1168 | 0 | 0 |
| SPDR S 500 ETF Trust | ETF | 78462F103 |  | 14335407 | 22043 | SH |  | SOLE |  | 21525 | 0 | 518 |
| SPDR S Dividend ETF | ETF | 78464a763 |  | 2267303 | 15536 | SH |  | SOLE |  | 15474 | 0 | 62 |
| Tri-Continental Corporation | ETF | 895436103 |  | 292713 | 9266 | SH |  | SOLE |  | 9266 | 0 | 0 |
| Vanguard Admiral Fds Inc | ETF | 921932505 |  | 464359 | 1139 | SH |  | SOLE |  | 1139 | 0 | 0 |
| Vanguard Dvd Appreciation ETF | ETF | 921908844 |  | 2100276 | 9766 | SH |  | SOLE |  | 9766 | 0 | 0 |
| Vanguard Growth ETF | ETF | 922908736 |  | 1882565 | 4310 | SH |  | SOLE |  | 4310 | 0 | 0 |
| Vanguard High Dividend Yield | ETF | 921946406 |  | 608233 | 4107 | SH |  | SOLE |  | 4107 | 0 | 0 |
| Vanguard Large-Cap ETF | ETF | 922908637 |  | 899837 | 3011 | SH |  | SOLE |  | 3011 | 0 | 0 |
| Vanguard Mid-Cap ETF | ETF | 922908629 |  | 468103 | 1630 | SH |  | SOLE |  | 1630 | 0 | 0 |
| Vanguard S 500 ETF | ETF | 922908363 |  | 3427041 | 5735 | SH |  | SOLE |  | 5735 | 0 | 0 |
| Vanguard Total Stock Market ET | ETF | 922908769 |  | 9903425 | 30870 | SH |  | SOLE |  | 30870 | 0 | 0 |
| Vanguard Value ETF | ETF | 922908744 |  | 984344 | 5017 | SH |  | SOLE |  | 5017 | 0 | 0 |
| iShares Core S Midcap ETF | ETF | 464287507 |  | 5011021 | 74204 | SH |  | SOLE |  | 74204 | 0 | 0 |
| iShares Russell Mid-Cap ETF | ETF | 464287499 |  | 222754 | 2291 | SH |  | SOLE |  | 2291 | 0 | 0 |
| Dimensional US Small Cap ETF | ETF | 25434v500 |  | 2034816 | 28607 | SH |  | SOLE |  | 28607 | 0 | 0 |
| Global X Russell 2000 Covered | ETF | 37954y459 |  | 242190 | 16200 | SH |  | SOLE |  | 0 | 0 | 16200 |
| iShares Core S Sm Cap ETF | ETF | 464287804 |  | 32609820 | 262327 | SH |  | SOLE |  | 256964 | 0 | 5363 |
| iShares MSCI USA Small-Cap ESG | ETF | 46435u663 |  | 1444642 | 30724 | SH |  | SOLE |  | 30724 | 0 | 0 |
| iShares Russell 2000 ETF | ETF | 464287655 |  | 66960057 | 270000 | SH |  | SOLE |  | 263747 | 0 | 6253 |
| iShares Russell 2000 Growth ET | ETF | 464287648 |  | 385672 | 1229 | SH |  | SOLE |  | 1229 | 0 | 0 |
| iShares S Small-Cap 600 Valu | ETF | 464287879 |  | 261182 | 2205 | SH |  | SOLE |  | 2205 | 0 | 0 |
| Schwab US Small Cap ETF | ETF | 808524607 |  | 385921 | 13271 | SH |  | SOLE |  | 13271 | 0 | 0 |
| Vanguard Extended Market Index | ETF | 922908652 |  | 292236 | 1420 | SH |  | SOLE |  | 1420 | 0 | 0 |
| Vanguard Small Cap ETF | ETF | 922908751 |  | 2024118 | 7728 | SH |  | SOLE |  | 7363 | 0 | 365 |
| Aegon N.V. - Amer Reg Shrs | COM | 007924103 |  | 89087 | 12271 | SH |  | SOLE |  | 12271 | 0 | 0 |
| Ascendis Pharma A/S ADR | COM | 04351P101 |  | 594698 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| AXA-UAP Spons ADR | COM | 054536107 |  | 19654752 | 427398 | SH |  | SOLE |  | 414331 | 0 | 13067 |
| Banco Santander S.A. | COM | 05964h105 |  | 112800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| Bank of Montreal | COM | 063671101 |  | 573571 | 4238 | SH |  | SOLE |  | 4238 | 0 | 0 |
| Barclays PLC ADR | COM | 06738E204 |  | 24704490 | 1167509 | SH |  | SOLE |  | 1130724 | 0 | 36785 |
| BHP Billiton Ltd-Sponsored ADR | COM | 088606108 |  | 18591180 | 255584 | SH |  | SOLE |  | 246344 | 0 | 9240 |
| BP PLC | COM | 055622104 |  | 277081 | 5895 | SH |  | SOLE |  | 5895 | 0 | 0 |
| Canadian Natural Resources | COM | 136385101 |  | 23715673 | 486675 | SH |  | SOLE |  | 470072 | 0 | 16603 |
| Chubb Corp | COM | H1467J104 |  | 2149508 | 6595 | SH |  | SOLE |  | 6595 | 0 | 0 |
| CRH PLC - Spons ADR | COM | G25508105 |  | 30303363 | 288274 | SH |  | SOLE |  | 276326 | 0 | 11948 |
| DBS Group Holdings ADR | COM | 23304Y100 |  | 1890223 | 10544 | SH |  | SOLE |  | 9537 | 0 | 1007 |
| Enbridge | COM | 29250N105 |  | 374486 | 6917 | SH |  | SOLE |  | 6917 | 0 | 0 |
| Ferguson Enterprises Inc | COM | 31488v107 |  | 946336 | 4057 | SH |  | SOLE |  | 4004 | 0 | 53 |
| Ferguson Enterprises Inc | COM | 31488v107 |  | 2099 | 9 | SH |  | DFND | 02 | 0 | 0 | 9 |
| Hoya Corp SA | COM | 443251103 |  | 852274 | 4937 | SH |  | SOLE |  | 4852 | 0 | 85 |
| ING Groep NV Sponsored ADR | COM | 456837103 |  | 549030 | 21076 | SH |  | SOLE |  | 20526 | 0 | 550 |
| Intercontinental Hotels Group | COM | 45857P806 |  | 243431 | 1824 | SH |  | SOLE |  | 1795 | 0 | 29 |
| L'Oreal SA | COM | 502117203 |  | 310433 | 3789 | SH |  | SOLE |  | 3789 | 0 | 0 |
| Magna International Inc | COM | 559222401 |  | 236746 | 4242 | SH |  | SOLE |  | 4242 | 0 | 0 |
| National Grid Plc SA | COM | 636274409 |  | 21277069 | 251502 | SH |  | SOLE |  | 242682 | 0 | 8820 |
| NC Shell PLC | COM | 780259305 |  | 1642845 | 17665 | SH |  | SOLE |  | 17608 | 0 | 57 |
| Nestle S A Rep Rg Sh ADR | COM | 641069406 |  | 661592 | 6676 | SH |  | SOLE |  | 6676 | 0 | 0 |
| Novartis AG | COM | 66987V109 |  | 27854879 | 182356 | SH |  | SOLE |  | 175640 | 0 | 6716 |
| NXP Semiconductors NV | COM | N6596X109 |  | 447069 | 2271 | SH |  | SOLE |  | 2271 | 0 | 0 |
| Orix ADR | COM | 686330101 |  | 838520 | 27960 | SH |  | SOLE |  | 27960 | 0 | 0 |
| Royal Bank of Canada | COM | 780087102 |  | 1005624 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| Sandoz Group AG ADR | COM | 799926100 |  | 262908 | 3362 | SH |  | SOLE |  | 3347 | 0 | 15 |
| Schneider Electric SA Unsp ADR | COM | 80687P106 |  | 213420 | 3921 | SH |  | SOLE |  | 3921 | 0 | 0 |
| Shin-Etsu Chemical Co Ltd Unsp | COM | 824551105 |  | 1239478 | 60908 | SH |  | SOLE |  | 51183 | 0 | 9725 |
| Siemens AG ADR | COM | 826197501 |  | 25596628 | 210015 | SH |  | SOLE |  | 201344 | 0 | 8671 |
| Sony Corp ADR | COM | 835699307 |  | 23933195 | 1156193 | SH |  | SOLE |  | 1107984 | 0 | 48209 |
| Sony Financial Group Inc ADR | COM | 83571b100 |  | 46097 | 10221 | SH |  | SOLE |  | 10207 | 0 | 14 |
| Sumitomo Mitsui Financial Grou | COM | 86562M209 |  | 33801236 | 1711455 | SH |  | SOLE |  | 1647920 | 0 | 63535 |
| Taiwan Semiconductor SP ADR | COM | 874039100 |  | 47290695 | 139934 | SH |  | SOLE |  | 133976 | 0 | 5958 |
| TechnipFMC PLC | COM | G87110105 |  | 792506 | 11464 | SH |  | SOLE |  | 11409 | 0 | 55 |
| TFI International Inc. | COM | 87241L109 |  | 275920 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| Thales ADR | COM | 883219206 |  | 31801745 | 540846 | SH |  | SOLE |  | 517691 | 0 | 23155 |
| Toronto Dominion Bank | COM | 891160509 |  | 309696 | 3319 | SH |  | SOLE |  | 3209 | 0 | 110 |
| Total S.A. - Spon ADR | COM | 89151E109 |  | 644775 | 7087 | SH |  | SOLE |  | 6905 | 0 | 182 |
| Toyota Motor Corp | COM | 892331307 |  | 203205 | 986 | SH |  | SOLE |  | 986 | 0 | 0 |
| Unilever PLC ADR | COM | 904767704 |  | 577106 | 10130 | SH |  | SOLE |  | 10130 | 0 | 0 |
| Universal Music Group NV ADR | COM | 91377B109 |  | 4719590 | 491624 | SH |  | SOLE |  | 461635 | 0 | 29989 |
| Wal-Mart DE Mexico S.A.B. de C | COM | 93114W107 |  | 17189307 | 528414 | SH |  | SOLE |  | 507264 | 0 | 21150 |
| iShares Gold Trust | ETF | 464285204 |  | 620294 | 7036 | SH |  | SOLE |  | 7036 | 0 | 0 |
| SPDR Gold Trust | ETF | 78463V107 |  | 1475895 | 3430 | SH |  | SOLE |  | 3362 | 0 | 68 |
| iShares Core MSCI EAFE | ETF | 46432F842 |  | 2716553 | 30007 | SH |  | SOLE |  | 30007 | 0 | 0 |
| iShares Core MSCI Emerging Mar | ETF | 46434G103 |  | 49347663 | 707493 | SH |  | SOLE |  | 683023 | 0 | 24470 |
| iShares Global Energy ETF | ETF | 464287341 |  | 424240 | 7364 | SH |  | SOLE |  | 7364 | 0 | 0 |
| iShares Global Tech ETF | ETF | 464287291 |  | 343297 | 3434 | SH |  | SOLE |  | 3434 | 0 | 0 |
| iShares JPX-Nikkei 400 | ETF | 464287382 |  | 253505 | 2773 | SH |  | SOLE |  | 2773 | 0 | 0 |
| iShares MSCI ACWI ETF | ETF | 464288257 |  | 516812 | 3735 | SH |  | SOLE |  | 3735 | 0 | 0 |
| iShares MSCI ACWI ex-US Index | ETF | 464288240 |  | 376667631 | 5501207 | SH |  | SOLE |  | 5325110 | 0 | 176097 |
| iShares MSCI Canada ETF | ETF | 464286509 |  | 1635262 | 29846 | SH |  | SOLE |  | 29131 | 0 | 715 |
| iShares MSCI EAFE ESG Optimize | ETF | 46435G516 |  | 2563859 | 26813 | SH |  | SOLE |  | 26813 | 0 | 0 |
| iShares MSCI EAFE ETF | ETF | 464287465 |  | 5114186 | 52653 | SH |  | SOLE |  | 49453 | 0 | 3200 |
| iShares MSCI EAFE Small Cap in | ETF | 464288273 |  | 1461406 | 18638 | SH |  | SOLE |  | 18208 | 0 | 430 |
| iShares MSCI EM ESG Optimized | ETF | 46434G863 |  | 12880514 | 283275 | SH |  | SOLE |  | 265199 | 0 | 18076 |
| iShares MSCI EM ex China ETF | ETF | 46434g764 |  | 1759624 | 22370 | SH |  | SOLE |  | 22370 | 0 | 0 |
| iShares MSCI Emerging Markets | ETF | 464287234 |  | 383673 | 6756 | SH |  | SOLE |  | 6756 | 0 | 0 |
| iShares MSCI EMU ETF | ETF | 464286608 |  | 2359899 | 37674 | SH |  | SOLE |  | 37263 | 0 | 411 |
| iShares MSCI Japan ETF | ETF | 46434G822 |  | 1002725 | 11875 | SH |  | SOLE |  | 11875 | 0 | 0 |
| iShares MSCI Pacific ex Japan | ETF | 464286665 |  | 243062 | 4574 | SH |  | SOLE |  | 4574 | 0 | 0 |
| JPMorgan BetaBuilders Canada E | ETF | 46641Q696 |  | 705920 | 7505 | SH |  | SOLE |  | 7505 | 0 | 0 |
| JPMorgan BetaBuilders Japan ET | ETF | 46641Q712 |  | 756701 | 10981 | SH |  | SOLE |  | 10981 | 0 | 0 |
| Schwab Fundamental Emerg Mkts | ETF | 808524730 |  | 212993 | 5567 | SH |  | SOLE |  | 5567 | 0 | 0 |
| Schwab Fundamental Intl Lg Co | ETF | 808524755 |  | 460382 | 9409 | SH |  | SOLE |  | 9409 | 0 | 0 |
| Schwab International Equity ET | ETF | 808524805 |  | 340956 | 13776 | SH |  | SOLE |  | 13776 | 0 | 0 |
| Schwab International Small-Cap | ETF | 808524888 |  | 753542 | 16122 | SH |  | SOLE |  | 16122 | 0 | 0 |
| Vanguard FTSE All World ex-US | ETF | 922042718 |  | 6813350 | 46734 | SH |  | SOLE |  | 46131 | 0 | 603 |
| Vanguard FTSE AllWorld ex-US I | ETF | 922042775 |  | 590887 | 7868 | SH |  | SOLE |  | 7868 | 0 | 0 |
| Vanguard FTSE Developed Market | ETF | 921943858 |  | 13204432 | 206062 | SH |  | SOLE |  | 194369 | 0 | 11693 |
| Vanguard FTSE Emerging Market | ETF | 922042858 |  | 14195648 | 262639 | SH |  | SOLE |  | 255377 | 0 | 7262 |
| Vanguard Total International S | ETF | 921909768 |  | 260555 | 3379 | SH |  | SOLE |  | 3379 | 0 | 0 |
| WisdomTree DEFA ETF | ETF | 97717W703 |  | 2089799 | 29901 | SH |  | SOLE |  | 28591 | 0 | 1310 |
| WisdomTree International Small | ETF | 97717W760 |  | 422985 | 5190 | SH |  | SOLE |  | 5080 | 0 | 110 |

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