# EDGAR Filing Document

**Accession Number:** 0001803456
**File Stem:** 0001085146-23-001135
**Filing Date:** 2023-2
**Character Count:** 18287
**Document Hash:** 5044e54cc33bd0249091f1530d26f30e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001135.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001085146-23-001135

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** N.E.W. Advisory Services LLC
- **CENTRAL INDEX KEY:** 0001803456
- **IRS NUMBER:** 822913883
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20048
- **FILM NUMBER:** 23619140

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 DICKINSON RD
- **STREET 2:** UNIT 17A
- **CITY:** DE PERE
- **STATE:** WI
- **ZIP:** 54115
- **BUSINESS PHONE:** 9207127800

**MAIL ADDRESS:**
- **STREET 1:** 2200 DICKINSON RD
- **STREET 2:** UNIT 17A
- **CITY:** DE PERE
- **STATE:** WI
- **ZIP:** 54115

### 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:** N.E.W. Advisory Services LLC<br>**Address:** 2200 Dickinson Rd<br>Unit 17a<br>De Pere, WI 54115

**Form 13F File Number:** 028-20048

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:** Robbie Hayes<br>**Title:** CCO<br>**Phone:** 920-712-7800

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

/s/ Robbie Hayes  De Pere, WI  02-13-2023<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:** 131

**Form 13F Information Table Value Total:** $638915529

      (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 | 467363 | 3897 | SH |  | SOLE |  | 0 | 0 | 3897 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 265543 | 1643 | SH |  | SOLE |  | 0 | 0 | 1643 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 | BBG001TBMNT5 | 205616 | 5401 | SH |  | SOLE |  | 0 | 0 | 5401 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 2364852 | 28153 | SH |  | SOLE |  | 0 | 0 | 28153 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 7823176 | 60211 | SH |  | SOLE |  | 0 | 0 | 60211 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 674893 | 36660 | SH |  | SOLE |  | 0 | 0 | 36660 |
| BANK FIRST CORP | COM | 06211J100 | BBG001S79DP6 | 336008 | 3620 | SH |  | SOLE |  | 0 | 0 | 3620 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 12352295 | 39990 | SH |  | SOLE |  | 0 | 0 | 39990 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 435841 | 2288 | SH |  | SOLE |  | 0 | 0 | 2288 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 547649 | 13277 | SH |  | SOLE |  | 0 | 0 | 13277 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 540109 | 2255 | SH |  | SOLE |  | 0 | 0 | 2255 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 880107 | 13835 | SH |  | SOLE |  | 0 | 0 | 13835 |
| CORNERSTONE STRATEGIC VALUE | COM | 21924B302 | BBG001S5PWK5 | 100778 | 13674 | SH |  | SOLE |  | 0 | 0 | 13674 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 243043 | 532 | SH |  | SOLE |  | 0 | 0 | 532 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 | BBG012G21Y06 | 12322435 | 405342 | SH |  | SOLE |  | 0 | 0 | 405342 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 15366906 | 632904 | SH |  | SOLE |  | 0 | 0 | 632904 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 | BBG012G2PD33 | 4302900 | 199208 | SH |  | SOLE |  | 0 | 0 | 199208 |
| DNP SELECT INCOME FD INC | COM | 23325P104 | BBG001S5QKC9 | 310036 | 27559 | SH |  | SOLE |  | 0 | 0 | 27559 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 395563 | 3585 | SH |  | SOLE |  | 0 | 0 | 3585 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 | BBG001SBT983 | 489442 | 11946 | SH |  | SOLE |  | 0 | 0 | 11946 |
| FORD MTR CO DEL | COM | 345370860 | BBG001S5TZ33 | 399503 | 34350 | SH |  | SOLE |  | 0 | 0 | 34350 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZQ07 | 231422 | 13224 | SH |  | SOLE |  | 0 | 0 | 13224 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 1258670 | 14661 | SH |  | SOLE |  | 0 | 0 | 14661 |
| HEARTLAND FINL USA INC | COM | 42234Q102 | BBG001S8WBN4 | 384708 | 8252 | SH |  | SOLE |  | 0 | 0 | 8252 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 306735 | 971 | SH |  | SOLE |  | 0 | 0 | 971 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 394616 | 1841 | SH |  | SOLE |  | 0 | 0 | 1841 |
| INDEXIQ ETF TR | IQ 500 INT ETF | 45409B362 | BBG00MS6Z311 | 230265 | 8142 | SH |  | SOLE |  | 0 | 0 | 8142 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2473663 | 17557 | SH |  | SOLE |  | 0 | 0 | 17557 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 | BBG00XS6PBW6 | 243923 | 2227 | SH |  | SOLE |  | 0 | 0 | 2227 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1400138 | 5258 | SH |  | SOLE |  | 0 | 0 | 5258 |
| ISHARES TR | CORE INTL AGGR | 46435G672 | BBG00BDV2SQ0 | 38752888 | 814991 | SH |  | SOLE |  | 0 | 0 | 814991 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 237778 | 983 | SH |  | SOLE |  | 0 | 0 | 983 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 1492228 | 17597 | SH |  | SOLE |  | 0 | 0 | 17597 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1002789 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| ISHARES TR | EAFE VALUE ETF | 464288877 | BBG001SNYBH6 | 7455884 | 162508 | SH |  | SOLE |  | 0 | 0 | 162508 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 233714 | 2217 | SH |  | SOLE |  | 0 | 0 | 2217 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 316017 | 2279 | SH |  | SOLE |  | 0 | 0 | 2279 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 221372 | 2648 | SH |  | SOLE |  | 0 | 0 | 2648 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 501821 | 4764 | SH |  | SOLE |  | 0 | 0 | 4764 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 | BBG001T5LBR7 | 323218 | 2682 | SH |  | SOLE |  | 0 | 0 | 2682 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG001SFC7Z6 | 297773 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 449339 | 7681 | SH |  | SOLE |  | 0 | 0 | 7681 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 1006475 | 6938 | SH |  | SOLE |  | 0 | 0 | 6938 |
| ISHARES TR | S MC 400GR ETF | 464287606 | BBG001SFQL08 | 234270 | 3430 | SH |  | SOLE |  | 0 | 0 | 3430 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 634536 | 5961 | SH |  | SOLE |  | 0 | 0 | 5961 |
| ISHARES TR | U.S. TECH ETF | 464287721 | BBG001SFB7Z7 | 602883 | 8093 | SH |  | SOLE |  | 0 | 0 | 8093 |
| ISHARES TR | US HLTHCARE ETF | 464287762 | BBG001SFGXR4 | 287682 | 1014 | SH |  | SOLE |  | 0 | 0 | 1014 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 262268 | 4813 | SH |  | SOLE |  | 0 | 0 | 4813 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 | BBG00GP26NW0 | 30004744 | 598539 | SH |  | SOLE |  | 0 | 0 | 598539 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1381320 | 7819 | SH |  | SOLE |  | 0 | 0 | 7819 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1327553 | 9900 | SH |  | SOLE |  | 0 | 0 | 9900 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 474264 | 3494 | SH |  | SOLE |  | 0 | 0 | 3494 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1504543 | 5710 | SH |  | SOLE |  | 0 | 0 | 5710 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 480085 | 4327 | SH |  | SOLE |  | 0 | 0 | 4327 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 224435 | 1865 | SH |  | SOLE |  | 0 | 0 | 1865 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 209656 | 2897 | SH |  | SOLE |  | 0 | 0 | 2897 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1564920 | 6525 | SH |  | SOLE |  | 0 | 0 | 6525 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 210391 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 424212 | 5074 | SH |  | SOLE |  | 0 | 0 | 5074 |
| NICOLET BANKSHARES INC | COM | 65406E102 | BBG001SN0Y92 | 5413991 | 67853 | SH |  | SOLE |  | 0 | 0 | 67853 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 438427 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| OSHKOSH CORP | COM | 688239201 | BBG001S6SX46 | 668604 | 7583 | SH |  | SOLE |  | 0 | 0 | 7583 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 353157 | 1955 | SH |  | SOLE |  | 0 | 0 | 1955 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 235638 | 4599 | SH |  | SOLE |  | 0 | 0 | 4599 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 12630097 | 83333 | SH |  | SOLE |  | 0 | 0 | 83333 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 929931 | 8249 | SH |  | SOLE |  | 0 | 0 | 8249 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 532383 | 5916 | SH |  | SOLE |  | 0 | 0 | 5916 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 457591 | 4534 | SH |  | SOLE |  | 0 | 0 | 4534 |
| REALTY INCOME CORP | COM | 756109104 | BBG001S884K0 | 315062 | 4967 | SH |  | SOLE |  | 0 | 0 | 4967 |
| RED CAT HLDGS INC | COM | 75644T100 | BBG001SB7WF8 | 75956 | 80805 | SH |  | SOLE |  | 0 | 0 | 80805 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 399450 | 4798 | SH |  | SOLE |  | 0 | 0 | 4798 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 994757 | 29086 | SH |  | SOLE |  | 0 | 0 | 29086 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 201737 | 1485 | SH |  | SOLE |  | 0 | 0 | 1485 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 391690 | 1182 | SH |  | SOLE |  | 0 | 0 | 1182 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 851932 | 5022 | SH |  | SOLE |  | 0 | 0 | 5022 |
| SPDR INDEX SHS FDS | DJ GLB RL ES ETF | 78463X749 | BBG001T2P370 | 260578 | 6371 | SH |  | SOLE |  | 0 | 0 | 6371 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 26917719 | 906625 | SH |  | SOLE |  | 0 | 0 | 906625 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 | BBG001SRXRD7 | 14376937 | 436190 | SH |  | SOLE |  | 0 | 0 | 436190 |
| SPDR INDEX SHS FDS | S EMKTSC ETF | 78463X756 | BBG001T2PHC3 | 7796264 | 159300 | SH |  | SOLE |  | 0 | 0 | 159300 |
| SPDR INDEX SHS FDS | S INTL SMLCP | 78463X871 | BBG001SRXRK9 | 11870427 | 403617 | SH |  | SOLE |  | 0 | 0 | 403617 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 745221 | 1949 | SH |  | SOLE |  | 0 | 0 | 1949 |
| SPDR SER TR | BLOOMBERG INTL | 78464A151 | BBG001T8QLK1 | 2819537 | 101715 | SH |  | SOLE |  | 0 | 0 | 101715 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 | BBG001T083N5 | 711431 | 15143 | SH |  | SOLE |  | 0 | 0 | 15143 |
| SPDR SER TR | PORTFOLI S | 78464A805 | BBG001SG6843 | 17776560 | 375905 | SH |  | SOLE |  | 0 | 0 | 375905 |
| SPDR SER TR | PORTFOLIO AGRGTE | 78464A649 | BBG001STKD11 | 53658023 | 2135214 | SH |  | SOLE |  | 0 | 0 | 2135214 |
| SPDR SER TR | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 66506751 | 1478584 | SH |  | SOLE |  | 0 | 0 | 1478584 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 | BBG001T6B0P2 | 2876129 | 97894 | SH |  | SOLE |  | 0 | 0 | 97894 |
| SPDR SER TR | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 2033675 | 40136 | SH |  | SOLE |  | 0 | 0 | 40136 |
| SPDR SER TR | PRTFLO S VL | 78464A508 | BBG001SG4284 | 57657071 | 1482572 | SH |  | SOLE |  | 0 | 0 | 1482572 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 | BBG001SG3JV2 | 7027554 | 94686 | SH |  | SOLE |  | 0 | 0 | 94686 |
| SPDR SER TR | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 940414 | 7518 | SH |  | SOLE |  | 0 | 0 | 7518 |
| SPDR SER TR | SPDR S 500 ETF | 78468R796 | BBG00BKMB118 | 244297 | 2617 | SH |  | SOLE |  | 0 | 0 | 2617 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 311399 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 322320 | 1854 | SH |  | SOLE |  | 0 | 0 | 1854 |
| VANGUARD ADMIRAL FDS INC | SMLCP 600 VAL | 921932778 | BBG001TC6ML1 | 39632120 | 252355 | SH |  | SOLE |  | 0 | 0 | 252355 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 9569505 | 133205 | SH |  | SOLE |  | 0 | 0 | 133205 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 654897 | 13808 | SH |  | SOLE |  | 0 | 0 | 13808 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 | BBG001SK3J43 | 6859762 | 51631 | SH |  | SOLE |  | 0 | 0 | 51631 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 6347884 | 29786 | SH |  | SOLE |  | 0 | 0 | 29786 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 4290371 | 24629 | SH |  | SOLE |  | 0 | 0 | 24629 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 | BBG001SRN7S6 | 345554 | 1922 | SH |  | SOLE |  | 0 | 0 | 1922 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 2005937 | 9842 | SH |  | SOLE |  | 0 | 0 | 9842 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 237708 | 2882 | SH |  | SOLE |  | 0 | 0 | 2882 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 2244006 | 6387 | SH |  | SOLE |  | 0 | 0 | 6387 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 2036714 | 11097 | SH |  | SOLE |  | 0 | 0 | 11097 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 59344318 | 310394 | SH |  | SOLE |  | 0 | 0 | 310394 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 4558733 | 32476 | SH |  | SOLE |  | 0 | 0 | 32476 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 849571 | 16945 | SH |  | SOLE |  | 0 | 0 | 16945 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 3561616 | 91369 | SH |  | SOLE |  | 0 | 0 | 91369 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 | BBG001T0SKD6 | 10388000 | 101040 | SH |  | SOLE |  | 0 | 0 | 101040 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 281668 | 3267 | SH |  | SOLE |  | 0 | 0 | 3267 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 525321 | 11246 | SH |  | SOLE |  | 0 | 0 | 11246 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 976884 | 16895 | SH |  | SOLE |  | 0 | 0 | 16895 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 1246310 | 16575 | SH |  | SOLE |  | 0 | 0 | 16575 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 731183 | 4814 | SH |  | SOLE |  | 0 | 0 | 4814 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 3778203 | 73051 | SH |  | SOLE |  | 0 | 0 | 73051 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 1426375 | 33986 | SH |  | SOLE |  | 0 | 0 | 33986 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 1172072 | 10831 | SH |  | SOLE |  | 0 | 0 | 10831 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 | BBG001T0Y6W9 | 1100831 | 6398 | SH |  | SOLE |  | 0 | 0 | 6398 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 | BBG001SHVTQ3 | 2742752 | 12522 | SH |  | SOLE |  | 0 | 0 | 12522 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 | BBG001SHVR41 | 1594809 | 8325 | SH |  | SOLE |  | 0 | 0 | 8325 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 | BBG001SHTTM0 | 253154 | 3060 | SH |  | SOLE |  | 0 | 0 | 3060 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 1413201 | 5697 | SH |  | SOLE |  | 0 | 0 | 5697 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 | BBG001SHVTX5 | 527466 | 2888 | SH |  | SOLE |  | 0 | 0 | 2888 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 2724765 | 8531 | SH |  | SOLE |  | 0 | 0 | 8531 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 234617 | 5955 | SH |  | SOLE |  | 0 | 0 | 5955 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 799513 | 3848 | SH |  | SOLE |  | 0 | 0 | 3848 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 676373 | 4771 | SH |  | SOLE |  | 0 | 0 | 4771 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 2832081 | 30206 | SH |  | SOLE |  | 0 | 0 | 30206 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1052716 | 25495 | SH |  | SOLE |  | 0 | 0 | 25495 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 288573 | 4116 | SH |  | SOLE |  | 0 | 0 | 4116 |

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