# EDGAR Filing Document

**Accession Number:** 0001285973
**File Stem:** 0002085853-26-000576
**Filing Date:** 2026-5
**Character Count:** 18443
**Document Hash:** 35dd1e0913e81afbd4bf853a00b8bbe4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000576.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0002085853-26-000576

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CUTLER INVESTMENT COUNSEL LLC
- **CENTRAL INDEX KEY:** 0001285973

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10867
- **FILM NUMBER:** 26953984

**BUSINESS ADDRESS:**
- **STREET 1:** 525 BIGHAM KNOLL
- **CITY:** JACKSONVILLE
- **STATE:** OR
- **ZIP:** 97530
- **BUSINESS PHONE:** 541-770-9000

**MAIL ADDRESS:**
- **STREET 1:** 525 BIGHAM KNOLL
- **CITY:** JACKSONVILLE
- **STATE:** OR
- **ZIP:** 97530

### 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:** CUTLER INVESTMENT COUNSEL LLC<br>**Address:** 525 Bigham Knoll<br>Jacksonville, OR 97530

**Form 13F File Number:** 028-10867

**CRD Number (if applicable):** 000128483

**SEC File Number (if applicable):** 801-62469

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:** Brook Anderson<br>**Title:** CCO<br>**Phone:** 206-624-5863

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

/s/ Brook Anderson  Jacksonville, OR  05-07-2026<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:** 146

**Form 13F Information Table Value Total:** $971118052

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 584614 | 2688 | SH |  | SOLE |  | 2688 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 209978 | 5709 | SH |  | SOLE |  | 5709 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1118269 | 3889 | SH |  | SOLE |  | 3889 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2288386 | 7977 | SH |  | SOLE |  | 7757 | 0 | 220 |
| AMAZON COM INC | COM | 023135106 |  | 3012219 | 14463 | SH |  | SOLE |  | 13373 | 0 | 1090 |
| AMGEN INC | COM | 031162100 |  | 271629 | 772 | SH |  | SOLE |  | 772 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6150260 | 24234 | SH |  | SOLE |  | 22585 | 0 | 1649 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 6378474 | 40568 | SH |  | SOLE |  | 40566 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 1436280 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2716585 | 5669 | SH |  | SOLE |  | 5478 | 0 | 191 |
| BLACKROCK INC | COM | 09290D101 |  | 16829785 | 17500 | SH |  | SOLE |  | 17477 | 0 | 23 |
| BP PLC | SPONSORED ADR | 055622104 |  | 323743 | 6888 | SH |  | SOLE |  | 6888 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 556354 | 1798 | SH |  | SOLE |  | 1798 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 8188553 | 145419 | SH |  | SOLE |  | 145346 | 0 | 73 |
| CATERPILLAR INC | COM | 149123101 |  | 26796330 | 37823 | SH |  | SOLE |  | 37764 | 0 | 59 |
| CENCORA INC | COM | 03073E105 |  | 769958 | 2451 | SH |  | SOLE |  | 2451 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 214157 | 4962 | SH |  | SOLE |  | 2762 | 0 | 2200 |
| CHEVRON CORPORATION | COM | 166764100 |  | 13615365 | 65806 | SH |  | SOLE |  | 65306 | 0 | 500 |
| CISCO SYS INC | COM | 17275R102 |  | 513957 | 6624 | SH |  | SOLE |  | 6624 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 246653 | 3221 | SH |  | SOLE |  | 3221 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 230133 | 1743 | SH |  | SOLE |  | 1743 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 2942940 | 2953 | SH |  | SOLE |  | 2953 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 489850 | 910 | SH |  | SOLE |  | 628 | 0 | 282 |
| CVS HEALTH CORP | COM | 126650100 |  | 10738124 | 149514 | SH |  | SOLE |  | 149474 | 0 | 40 |
| DEERE  CO | COM | 244199105 |  | 18275324 | 32350 | SH |  | SOLE |  | 32326 | 0 | 24 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 440090 | 11325 | SH |  | SOLE |  | 11325 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 4056281 | 88565 | SH |  | SOLE |  | 88539 | 0 | 26 |
| EMERSON ELEC CO | COM | 291011104 |  | 452019 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 697679 | 15636 | SH |  | SOLE |  | 15636 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 20190977 | 119008 | SH |  | SOLE |  | 118928 | 0 | 80 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 227003 | 4864 | SH |  | SOLE |  | 4864 | 0 | 0 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 220969 | 2972 | SH |  | SOLE |  | 2972 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 330028 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 15196209 | 46205 | SH |  | SOLE |  | 46150 | 0 | 55 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 767000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10276698 | 42397 | SH |  | SOLE |  | 41974 | 0 | 423 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 |  | 258281 | 3695 | SH |  | SOLE |  | 3695 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E735 |  | 4251778 | 98035 | SH |  | SOLE |  | 97245 | 0 | 790 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 9625949 | 205947 | SH |  | SOLE |  | 205196 | 0 | 751 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1062434 | 1841 | SH |  | SOLE |  | 1757 | 0 | 84 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 201135 | 2557 | SH |  | SOLE |  | 2557 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 241056 | 3456 | SH |  | SOLE |  | 3456 | 0 | 0 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 339480 | 7466 | SH |  | SOLE |  | 7466 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 631386 | 9266 | SH |  | SOLE |  | 9266 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 25531432 | 205385 | SH |  | SOLE |  | 203201 | 400 | 1784 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 246000 | 577 | SH |  | SOLE |  | 577 | 0 | 0 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 7394856 | 80933 | SH |  | SOLE |  | 80077 | 0 | 856 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 631750 | 8057 | SH |  | SOLE |  | 8057 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 29186238 | 188165 | SH |  | SOLE |  | 185778 | 430 | 1957 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 8319638 | 330801 | SH |  | SOLE |  | 326123 | 500 | 4178 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 537092 | 5718 | SH |  | SOLE |  | 5718 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 9054010 | 13861 | SH |  | SOLE |  | 13693 | 0 | 168 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 302655 | 5673 | SH |  | SOLE |  | 5673 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 44434150 | 490822 | SH |  | SOLE |  | 483869 | 1001 | 5952 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 520522 | 7708 | SH |  | SOLE |  | 7708 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 44838288 | 853088 | SH |  | SOLE |  | 841257 | 1080 | 10751 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 25472458 | 1111849 | SH |  | SOLE |  | 1096448 | 1437 | 13964 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 331165 | 3336 | SH |  | SOLE |  | 1877 | 0 | 1459 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 35402357 | 467420 | SH |  | SOLE |  | 462186 | 1190 | 4044 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 12178738 | 49823 | SH |  | SOLE |  | 49809 | 0 | 14 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 13508042 | 45921 | SH |  | SOLE |  | 45884 | 0 | 37 |
| KROGER CO | COM | 501044101 |  | 12662727 | 174996 | SH |  | SOLE |  | 174862 | 0 | 134 |
| LENNAR CORP | CL A | 526057104 |  | 3624627 | 41739 | SH |  | SOLE |  | 41722 | 0 | 17 |
| LOWES COS INC | COM | 548661107 |  | 715339 | 3028 | SH |  | SOLE |  | 3028 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 8011097 | 38753 | SH |  | SOLE |  | 38723 | 0 | 30 |
| MCDONALDS CORP | COM | 580135101 |  | 15646529 | 50344 | SH |  | SOLE |  | 50308 | 0 | 36 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 10035672 | 114878 | SH |  | SOLE |  | 114847 | 0 | 31 |
| MERCK  CO INC | COM | 58933Y105 |  | 10614047 | 87631 | SH |  | SOLE |  | 87568 | 0 | 63 |
| META PLATFORMS INC | CL A | 30303M102 |  | 283230 | 495 | SH |  | SOLE |  | 479 | 0 | 16 |
| MICROSOFT CORP | COM | 594918104 |  | 25007693 | 67557 | SH |  | SOLE |  | 67423 | 0 | 134 |
| MISSION PRODUCE INC | COM | 60510V108 |  | 2913680 | 211750 | SH |  | SOLE |  | 211750 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 468251 | 4870 | SH |  | SOLE |  | 2380 | 0 | 2490 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 12478930 | 134355 | SH |  | SOLE |  | 134260 | 0 | 95 |
| NIKE INC | CL B | 654106103 |  | 5711450 | 107298 | SH |  | SOLE |  | 107282 | 0 | 16 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 576296 | 2008 | SH |  | SOLE |  | 2008 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1459632 | 8369 | SH |  | SOLE |  | 7025 | 0 | 1344 |
| PEPSICO INC | COM | 713448108 |  | 8783823 | 56564 | SH |  | SOLE |  | 56562 | 0 | 2 |
| PFIZER INC | COM | 717081103 |  | 4580325 | 163117 | SH |  | SOLE |  | 163005 | 0 | 112 |
| PHILLIPS 66 | COM | 718546104 |  | 7156928 | 39285 | SH |  | SOLE |  | 39257 | 0 | 28 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 432049 | 4296 | SH |  | SOLE |  | 4296 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 9168998 | 44063 | SH |  | SOLE |  | 44030 | 0 | 33 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 8598264 | 59528 | SH |  | SOLE |  | 59513 | 0 | 15 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 3379863 | 31882 | SH |  | SOLE |  | 31757 | 0 | 125 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 547870 | 6768 | SH |  | SOLE |  | 6768 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 5519352 | 47836 | SH |  | SOLE |  | 47834 | 0 | 2 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 16979938 | 77527 | SH |  | SOLE |  | 77442 | 0 | 85 |
| ROYAL BK CDA | COM | 780087102 |  | 294278 | 1819 | SH |  | SOLE |  | 1193 | 0 | 626 |
| RTX CORPORATION | COM | 75513E101 |  | 22176841 | 114965 | SH |  | SOLE |  | 114808 | 0 | 157 |
| S GLOBAL INC | COM | 78409V104 |  | 3228331 | 7590 | SH |  | SOLE |  | 7590 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 17511379 | 186331 | SH |  | SOLE |  | 186111 | 0 | 220 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 4815192 | 156949 | SH |  | SOLE |  | 152970 | 0 | 3979 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 376828 | 12355 | SH |  | SOLE |  | 12329 | 0 | 26 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 2748546 | 59287 | SH |  | SOLE |  | 58476 | 0 | 811 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 5868352 | 201800 | SH |  | SOLE |  | 198996 | 0 | 2804 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 2568581 | 52495 | SH |  | SOLE |  | 51458 | 0 | 1037 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 423077 | 17094 | SH |  | SOLE |  | 17094 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 2115039 | 75944 | SH |  | SOLE |  | 75944 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1846822 | 72029 | SH |  | SOLE |  | 72029 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 2432369 | 75004 | SH |  | SOLE |  | 74290 | 0 | 714 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 903166 | 38896 | SH |  | SOLE |  | 38896 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 1460817 | 38181 | SH |  | SOLE |  | 37611 | 0 | 570 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 561602 | 12238 | SH |  | SOLE |  | 12238 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 815400 | 1895 | SH |  | SOLE |  | 1895 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X509 |  | 37605011 | 801642 | SH |  | SOLE |  | 793086 | 1421 | 7135 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X889 |  | 418976 | 9178 | SH |  | SOLE |  | 9178 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A649 |  | 28665146 | 1118858 | SH |  | SOLE |  | 1104901 | 1461 | 12496 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 11158145 | 145782 | SH |  | SOLE |  | 143879 | 0 | 1903 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 269938 | 2757 | SH |  | SOLE |  | 2757 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 732238 | 8173 | SH |  | SOLE |  | 8133 | 0 | 40 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1491341 | 2287 | SH |  | SOLE |  | 2256 | 0 | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 380234 | 1122 | SH |  | SOLE |  | 1122 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1135697 | 3055 | SH |  | SOLE |  | 2960 | 0 | 95 |
| TEXAS INSTRS INC | COM | 882508104 |  | 10937755 | 56340 | SH |  | SOLE |  | 56307 | 0 | 33 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 8365107 | 333138 | SH |  | SOLE |  | 329881 | 654 | 2603 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 311953 | 6266 | SH |  | SOLE |  | 6266 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 3638482 | 49409 | SH |  | SOLE |  | 49344 | 0 | 65 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 7040203 | 91218 | SH |  | SOLE |  | 87021 | 0 | 4197 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 1926619 | 40096 | SH |  | SOLE |  | 40033 | 0 | 63 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 385918 | 1277 | SH |  | SOLE |  | 1277 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 383012 | 1763 | SH |  | SOLE |  | 1763 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 46312636 | 161267 | SH |  | SOLE |  | 159448 | 315 | 1504 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 383713 | 1465 | SH |  | SOLE |  | 1465 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 6567893 | 33475 | SH |  | SOLE |  | 31943 | 1024 | 508 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 25693555 | 58824 | SH |  | SOLE |  | 58059 | 145 | 620 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 388757 | 1889 | SH |  | SOLE |  | 1889 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2577461 | 29058 | SH |  | SOLE |  | 29004 | 0 | 54 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6122850 | 19086 | SH |  | SOLE |  | 19071 | 0 | 15 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 378126 | 633 | SH |  | SOLE |  | 633 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 9063037 | 62165 | SH |  | SOLE |  | 61359 | 190 | 616 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 228422 | 5139 | SH |  | SOLE |  | 5139 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 3978338 | 73605 | SH |  | SOLE |  | 70924 | 0 | 2681 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2784255 | 20129 | SH |  | SOLE |  | 19990 | 0 | 139 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1054875 | 21144 | SH |  | SOLE |  | 21144 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1758475 | 22183 | SH |  | SOLE |  | 18718 | 0 | 3465 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 241299 | 2916 | SH |  | SOLE |  | 2916 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1807659 | 8405 | SH |  | SOLE |  | 8205 | 0 | 200 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 6179325 | 96431 | SH |  | SOLE |  | 95062 | 0 | 1369 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 641125 | 4329 | SH |  | SOLE |  | 4329 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 983721 | 1410 | SH |  | SOLE |  | 1408 | 0 | 2 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 523271 | 7295 | SH |  | SOLE |  | 7295 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 432240 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 11722157 | 233509 | SH |  | SOLE |  | 233337 | 0 | 172 |
| VISA INC | COM CL A | 92826C839 |  | 318921 | 1055 | SH |  | SOLE |  | 1027 | 0 | 28 |
| WALMART INC | COM | 931142103 |  | 27085755 | 217517 | SH |  | SOLE |  | 217265 | 0 | 252 |
| WATERS CORP | COM | 941848103 |  | 617340 | 2073 | SH |  | SOLE |  | 2073 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 670078 | 8417 | SH |  | SOLE |  | 8417 | 0 | 0 |

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