# EDGAR Filing Document

**Accession Number:** 0001747749
**File Stem:** 0001085146-23-000203
**Filing Date:** 2023-1
**Character Count:** 14145
**Document Hash:** 70d2b33ab9a6ad59b0e017b78085faac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000203.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001085146-23-000203

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230118

**EFFECTIVENESS DATE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hurlow Wealth Management Group, Inc.
- **CENTRAL INDEX KEY:** 0001747749
- **IRS NUMBER:** 364510648
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19002
- **FILM NUMBER:** 23535351

**BUSINESS ADDRESS:**
- **STREET 1:** 3925 HAGAN STREET
- **STREET 2:** SUITE 300
- **CITY:** BLOOMINGTON
- **STATE:** IN
- **ZIP:** 47401
- **BUSINESS PHONE:** 8123334726

**MAIL ADDRESS:**
- **STREET 1:** 3925 HAGAN STREET
- **STREET 2:** SUITE 300
- **CITY:** BLOOMINGTON
- **STATE:** IN
- **ZIP:** 47401

### 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:** Hurlow Wealth Management Group Inc.<br>**Address:** 3925 HAGAN STREET<br>SUITE 300<br>Bloomington, IN 47401

**Form 13F File Number:** 028-19002

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:** Michael Carson<br>**Title:** Chief Compliance Officer<br>**Phone:** 812-333-4726

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

/s/ Michael Carson  Bloomington, IN  01-18-2023<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:** 96

**Form 13F Information Table Value Total:** $192069259

      (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 | 460133 | 3837 | SH |  | SOLE |  | 0 | 0 | 3837 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 485162 | 4419 | SH |  | SOLE |  | 0 | 0 | 4419 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 889340 | 5503 | SH |  | SOLE |  | 0 | 0 | 5503 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 450272 | 6259 | SH |  | SOLE |  | 0 | 0 | 6259 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 475645 | 1543 | SH |  | SOLE |  | 0 | 0 | 1543 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 296624 | 3343 | SH |  | SOLE |  | 0 | 0 | 3343 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 251596 | 2995 | SH |  | SOLE |  | 0 | 0 | 2995 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 453215 | 2763 | SH |  | SOLE |  | 0 | 0 | 2763 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 2342351 | 18028 | SH |  | SOLE |  | 0 | 0 | 18028 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 210702 | 11445 | SH |  | SOLE |  | 0 | 0 | 11445 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 641578 | 2686 | SH |  | SOLE |  | 0 | 0 | 2686 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 416798 | 1639 | SH |  | SOLE |  | 0 | 0 | 1639 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 1406133 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 2303552 | 7457 | SH |  | SOLE |  | 0 | 0 | 7457 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 343686 | 485 | SH |  | SOLE |  | 0 | 0 | 485 |
| CINCINNATI FINL CORP | COM | 172062101 | BBG001S5PTM0 | 1013444 | 9898 | SH |  | SOLE |  | 0 | 0 | 9898 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 272930 | 5729 | SH |  | SOLE |  | 0 | 0 | 5729 |
| CLOROX CO DEL | COM | 189054109 | BBG001S5PX50 | 274766 | 1958 | SH |  | SOLE |  | 0 | 0 | 1958 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 285141 | 3619 | SH |  | SOLE |  | 0 | 0 | 3619 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 325916 | 2762 | SH |  | SOLE |  | 0 | 0 | 2762 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 382193 | 4010 | SH |  | SOLE |  | 0 | 0 | 4010 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 | BBG00Y2PGDN6 | 4174081 | 166791 | SH |  | SOLE |  | 0 | 0 | 166791 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 | BBG01631TNW2 | 426371 | 19077 | SH |  | SOLE |  | 0 | 0 | 19077 |
| DIMENSIONAL ETF TRUST | US EQUITY ETF | 25434V401 | BBG011DXXNJ2 | 16339150 | 392674 | SH |  | SOLE |  | 0 | 0 | 392674 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 9098428 | 177893 | SH |  | SOLE |  | 0 | 0 | 177893 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 | BBG012G2PD33 | 5966117 | 276209 | SH |  | SOLE |  | 0 | 0 | 276209 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 207830 | 2392 | SH |  | SOLE |  | 0 | 0 | 2392 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 308249 | 2993 | SH |  | SOLE |  | 0 | 0 | 2993 |
| ELEVANCE HEALTH INC | COM | 036752103 | BBG001S6KBQ8 | 646342 | 1260 | SH |  | SOLE |  | 0 | 0 | 1260 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 606043 | 6309 | SH |  | SOLE |  | 0 | 0 | 6309 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 350619 | 4182 | SH |  | SOLE |  | 0 | 0 | 4182 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 429824 | 3897 | SH |  | SOLE |  | 0 | 0 | 3897 |
| FACTSET RESH SYS INC | COM | 303075105 | BBG001S5XRL6 | 418863 | 1044 | SH |  | SOLE |  | 0 | 0 | 1044 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 364225 | 1468 | SH |  | SOLE |  | 0 | 0 | 1468 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 293894 | 3505 | SH |  | SOLE |  | 0 | 0 | 3505 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 411069 | 739 | SH |  | SOLE |  | 0 | 0 | 739 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 672150 | 2128 | SH |  | SOLE |  | 0 | 0 | 2128 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 506029 | 2297 | SH |  | SOLE |  | 0 | 0 | 2297 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 495308 | 1860 | SH |  | SOLE |  | 0 | 0 | 1860 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 | BBG00KK87757 | 383677 | 11669 | SH |  | SOLE |  | 0 | 0 | 11669 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 1797382 | 24411 | SH |  | SOLE |  | 0 | 0 | 24411 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 890694 | 8441 | SH |  | SOLE |  | 0 | 0 | 8441 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 621572 | 5154 | SH |  | SOLE |  | 0 | 0 | 5154 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1894218 | 10723 | SH |  | SOLE |  | 0 | 0 | 10723 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 519296 | 8114 | SH |  | SOLE |  | 0 | 0 | 8114 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 791458 | 5902 | SH |  | SOLE |  | 0 | 0 | 5902 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 442238 | 2124 | SH |  | SOLE |  | 0 | 0 | 2124 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 2116384 | 5785 | SH |  | SOLE |  | 0 | 0 | 5785 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 468721 | 1437 | SH |  | SOLE |  | 0 | 0 | 1437 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 810708 | 4069 | SH |  | SOLE |  | 0 | 0 | 4069 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 675427 | 2563 | SH |  | SOLE |  | 0 | 0 | 2563 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 231606 | 2980 | SH |  | SOLE |  | 0 | 0 | 2980 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 487292 | 4392 | SH |  | SOLE |  | 0 | 0 | 4392 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 6295763 | 26252 | SH |  | SOLE |  | 0 | 0 | 26252 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 223773 | 2632 | SH |  | SOLE |  | 0 | 0 | 2632 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 635360 | 7600 | SH |  | SOLE |  | 0 | 0 | 7600 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 589929 | 2394 | SH |  | SOLE |  | 0 | 0 | 2394 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 269348 | 2969 | SH |  | SOLE |  | 0 | 0 | 2969 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 333336 | 4078 | SH |  | SOLE |  | 0 | 0 | 4078 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 650372 | 5628 | SH |  | SOLE |  | 0 | 0 | 5628 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 641162 | 3549 | SH |  | SOLE |  | 0 | 0 | 3549 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1017678 | 19861 | SH |  | SOLE |  | 0 | 0 | 19861 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 282072 | 2787 | SH |  | SOLE |  | 0 | 0 | 2787 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 242923 | 2334 | SH |  | SOLE |  | 0 | 0 | 2334 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1254462 | 8277 | SH |  | SOLE |  | 0 | 0 | 8277 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 247355 | 2451 | SH |  | SOLE |  | 0 | 0 | 2451 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 1082389 | 33604 | SH |  | SOLE |  | 0 | 0 | 33604 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 1396205 | 30924 | SH |  | SOLE |  | 0 | 0 | 30924 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 1431176 | 35329 | SH |  | SOLE |  | 0 | 0 | 35329 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 304732 | 1284 | SH |  | SOLE |  | 0 | 0 | 1284 |
| SMUCKER J M CO | COM NEW | 832696405 | BBG001S5W3H5 | 263044 | 1660 | SH |  | SOLE |  | 0 | 0 | 1660 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 | BBG001T083N5 | 1365709 | 29070 | SH |  | SOLE |  | 0 | 0 | 29070 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 407565 | 1667 | SH |  | SOLE |  | 0 | 0 | 1667 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 389436 | 5094 | SH |  | SOLE |  | 0 | 0 | 5094 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 455407 | 3056 | SH |  | SOLE |  | 0 | 0 | 3056 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 302400 | 3799 | SH |  | SOLE |  | 0 | 0 | 3799 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | BBG001ST39R1 | 2517516 | 33874 | SH |  | SOLE |  | 0 | 0 | 33874 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 7526619 | 35318 | SH |  | SOLE |  | 0 | 0 | 35318 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 20460613 | 117456 | SH |  | SOLE |  | 0 | 0 | 117456 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 1250374 | 6135 | SH |  | SOLE |  | 0 | 0 | 6135 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 8334446 | 101048 | SH |  | SOLE |  | 0 | 0 | 101048 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 12932363 | 70461 | SH |  | SOLE |  | 0 | 0 | 70461 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 3918057 | 20493 | SH |  | SOLE |  | 0 | 0 | 20493 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 2466582 | 17572 | SH |  | SOLE |  | 0 | 0 | 17572 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 5384536 | 138143 | SH |  | SOLE |  | 0 | 0 | 138143 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 1845022 | 39500 | SH |  | SOLE |  | 0 | 0 | 39500 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 3705284 | 74869 | SH |  | SOLE |  | 0 | 0 | 74869 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 4423806 | 57074 | SH |  | SOLE |  | 0 | 0 | 57074 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 3101038 | 41243 | SH |  | SOLE |  | 0 | 0 | 41243 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 4690292 | 30888 | SH |  | SOLE |  | 0 | 0 | 30888 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 14047926 | 334714 | SH |  | SOLE |  | 0 | 0 | 334714 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 | BBG004N1LYJ5 | 5751756 | 94322 | SH |  | SOLE |  | 0 | 0 | 94322 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 293574 | 2713 | SH |  | SOLE |  | 0 | 0 | 2713 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 256494 | 6510 | SH |  | SOLE |  | 0 | 0 | 6510 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 987426 | 6964 | SH |  | SOLE |  | 0 | 0 | 6964 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 267497 | 2853 | SH |  | SOLE |  | 0 | 0 | 2853 |

---