# EDGAR Filing Document

**Accession Number:** 0001789219
**File Stem:** 0001085146-23-000390
**Filing Date:** 2023-1
**Character Count:** 20186
**Document Hash:** 2539b78492397fec82130f45ce65ebaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000390.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001085146-23-000390

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Charles Schwab Trust Co
- **CENTRAL INDEX KEY:** 0001789219
- **IRS NUMBER:** 473979737
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1219

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19636
- **FILM NUMBER:** 23555408

**BUSINESS ADDRESS:**
- **STREET 1:** 2360 CORPORATE CIRCLE
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89074
- **BUSINESS PHONE:** 702-820-3658

**MAIL ADDRESS:**
- **STREET 1:** 2360 CORPORATE CIRCLE
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89074

### 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:** Charles Schwab Trust Co<br>**Address:** 2360 CORPORATE CIRCLE<br>HENDERSON, NV 89074

**Form 13F File Number:** 028-19636

**CRD Number (if applicable):** 000151739

**SEC File Number (if applicable):** 801-70737

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:** Laura Castaneda<br>**Title:** Trust Investment Officer<br>**Phone:** 480-215-2569

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

/s/  Laura Castaneda  Phoenix, AZ  01-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 145

**Form 13F Information Table Value Total:** $759496292

      (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.]

|   No. | Name                                     | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Charles Schwab Investment Advisory Inc.  | 028-14153              |    000151739 | 801-70737         |
|     2 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 028-03128              |    000106753 | 801-65905         |

### 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 | 1304490 | 10878 | SH |  | SOLE |  | 10878 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 1143682 | 10417 | SH |  | SOLE |  | 10417 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 2928212 | 18119 | SH |  | SOLE |  | 18119 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 224466 | 667 | SH |  | SOLE |  | 667 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 409626 | 5694 | SH |  | SOLE |  | 5694 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 433720 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 626433 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 661926 | 7460 | SH |  | SOLE |  | 7460 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 506741 | 11086 | SH |  | SOLE |  | 11086 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1272264 | 15146 | SH |  | SOLE |  | 15146 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 302888 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 254656 | 1202 | SH |  | SOLE |  | 1202 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 405254 | 1543 | SH |  | SOLE |  | 1543 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 5566095 | 42839 | SH |  | SOLE |  | 42839 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 376443 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 484910 | 14641 | SH |  | SOLE |  | 14641 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 267015 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 369444 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| BLOCK INC | CL A | 852234103 | BBG001TFLWL5 | 251360 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 447652 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 780586 | 10849 | SH |  | SOLE |  | 10849 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1246860 | 2230 | SH |  | SOLE |  | 2230 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1494994 | 6241 | SH |  | SOLE |  | 6241 | 0 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 | BBG001SSCPS6 | 227480 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 3087587 | 17202 | SH |  | SOLE |  | 17202 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 752126 | 15788 | SH |  | SOLE |  | 15788 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 936802 | 7939 | SH |  | SOLE |  | 7939 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 443983 | 973 | SH |  | SOLE |  | 973 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 519463 | 16768 | SH |  | SOLE |  | 16768 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 999556 | 10726 | SH |  | SOLE |  | 10726 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 3215700 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 259458 | 5149 | SH |  | SOLE |  | 5149 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 1580294 | 65518 | SH |  | SOLE |  | 65518 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1186470 | 10757 | SH |  | SOLE |  | 10757 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 316092600 | BBG005FHVV56 | 286630 | 4480 | SH |  | SOLE |  | 4480 | 0 | 0 |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 | BBG001SHC7K8 | 734720 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 2643812 | 8370 | SH |  | SOLE |  | 8370 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 286165 | 1335 | SH |  | SOLE |  | 1335 | 0 | 0 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 1173400 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 389277 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 615608 | 23292 | SH |  | SOLE |  | 23292 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 400973 | 2846 | SH |  | SOLE |  | 2846 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | FTSE RAFI DEV | 46138E743 | BBG001SS8729 | 10913390 | 262720 | SH |  | SOLE |  | 262720 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | FTSE RAFI EMNG | 46138E727 | BBG001SSJYS0 | 1284956 | 72926 | SH |  | SOLE |  | 72926 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | FTSE RAFI SML | 46138E735 | BBG001SSH3K8 | 977519 | 33002 | SH |  | SOLE |  | 33002 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 3773848 | 337553 | SH |  | SOLE |  | 337553 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 2516054 | 122555 | SH |  | SOLE |  | 122555 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | FTSE RAFI 1000 | 46137V613 | BBG001S6H5N8 | 12523400 | 80718 | SH |  | SOLE |  | 80718 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | FTSE RAFI 1500 | 46137V597 | BBG001SPSDJ2 | 3238534 | 20444 | SH |  | SOLE |  | 20444 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 533214 | 2002 | SH |  | SOLE |  | 2002 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 1402961 | 30042 | SH |  | SOLE |  | 30042 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 | BBG001SSD812 | 355585 | 3095 | SH |  | SOLE |  | 3095 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 596713 | 17281 | SH |  | SOLE |  | 17281 | 0 | 0 |
| ISHARES TR | CORE INTL AGGR | 46435G672 | BBG00BDV2SQ0 | 232520 | 4890 | SH |  | SOLE |  | 4890 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 10124560 | 164253 | SH |  | SOLE |  | 164253 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 2649646 | 27997 | SH |  | SOLE |  | 27997 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 | BBG001SFQL99 | 16944260 | 207854 | SH |  | SOLE |  | 207854 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 28262630 | 73560 | SH |  | SOLE |  | 73560 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 108956900 | 1123383 | SH |  | SOLE |  | 1123383 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 | BBG001ST7G55 | 14620090 | 295654 | SH |  | SOLE |  | 295654 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 | BBG001SYVWS7 | 6874802 | 121721 | SH |  | SOLE |  | 121721 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 319010 | 4860 | SH |  | SOLE |  | 4860 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 275196 | 2608 | SH |  | SOLE |  | 2608 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 704785 | 23085 | SH |  | SOLE |  | 23085 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 357283 | 5297 | SH |  | SOLE |  | 5297 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 630039 | 4343 | SH |  | SOLE |  | 4343 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 | BBG001SFQJM9 | 272160 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 | BBG001SFQL44 | 312424 | 2891 | SH |  | SOLE |  | 2891 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 | BBG001SFQL26 | 219144 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 12245710 | 115048 | SH |  | SOLE |  | 115048 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 4164700 | 23576 | SH |  | SOLE |  | 23576 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 3575571 | 26663 | SH |  | SOLE |  | 26663 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 628316 | 4220 | SH |  | SOLE |  | 4220 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 1468464 | 4223 | SH |  | SOLE |  | 4223 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1175607 | 4461 | SH |  | SOLE |  | 4461 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1628623 | 20955 | SH |  | SOLE |  | 20955 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1459325 | 13153 | SH |  | SOLE |  | 13153 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 5103370 | 21280 | SH |  | SOLE |  | 21280 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 263934 | 3960 | SH |  | SOLE |  | 3960 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 474514 | 5676 | SH |  | SOLE |  | 5676 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 394272 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 2599722 | 17789 | SH |  | SOLE |  | 17789 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 240244 | 3814 | SH |  | SOLE |  | 3814 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 2268030 | 34521 | SH |  | SOLE |  | 34521 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1008917 | 12343 | SH |  | SOLE |  | 12343 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 | BBG001S5V741 | 1054362 | 8243 | SH |  | SOLE |  | 8243 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 446394 | 1534 | SH |  | SOLE |  | 1534 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1011154 | 5597 | SH |  | SOLE |  | 5597 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2131225 | 41593 | SH |  | SOLE |  | 41593 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 904210 | 8934 | SH |  | SOLE |  | 8934 | 0 | 0 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 201184 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1842818 | 12159 | SH |  | SOLE |  | 12159 | 0 | 0 |
| SCHWAB STRATEGIC TR | 1 5YR CORP BD | 808524714 | BBG00PZFDF86 | 1325393 | 28266 | SH |  | SOLE |  | 28266 | 0 | 0 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 | BBG00PZFPGG2 | 7027800 | 163058 | SH |  | SOLE |  | 163058 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 | BBG001T6L7D9 | 5265936 | 222473 | SH |  | SOLE |  | 222473 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTERNL DIVID | 808524672 | BBG00Z60CHB2 | 5437478 | 242528 | SH |  | SOLE |  | 242528 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 29978780 | 930729 | SH |  | SOLE |  | 930729 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 | BBG001T6L7C0 | 5220401 | 165885 | SH |  | SOLE |  | 165885 | 0 | 0 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | BBG001T9F7C1 | 497371 | 10103 | SH |  | SOLE |  | 10103 | 0 | 0 |
| SCHWAB STRATEGIC TR | LONG TERM US | 808524680 | BBG00PZFJQM0 | 974844 | 27663 | SH |  | SOLE |  | 27663 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 | BBG0051J0PJ9 | 28676810 | 536617 | SH |  | SOLE |  | 536617 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US SC | 808524763 | BBG0051NXNX3 | 4704237 | 100690 | SH |  | SOLE |  | 100690 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 | BBG0051QPC87 | 5684309 | 229391 | SH |  | SOLE |  | 229391 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 | BBG0051K49J8 | 15495440 | 533039 | SH |  | SOLE |  | 533039 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT SC | 808524748 | BBG0051QD594 | 3613906 | 115608 | SH |  | SOLE |  | 115608 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 | BBG001T9F795 | 8701290 | 180375 | SH |  | SOLE |  | 180375 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 | BBG001WBMLH8 | 38064340 | 833830 | SH |  | SOLE |  | 833830 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 7263096 | 96149 | SH |  | SOLE |  | 96149 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 15011760 | 270190 | SH |  | SOLE |  | 270190 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 38778790 | 858888 | SH |  | SOLE |  | 858888 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 | BBG001V039G2 | 14823370 | 768449 | SH |  | SOLE |  | 768449 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 7189350 | 177471 | SH |  | SOLE |  | 177471 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 | BBG001T9F777 | 1698816 | 32802 | SH |  | SOLE |  | 32802 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 338810 | 2494 | SH |  | SOLE |  | 2494 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 291125 | 4077 | SH |  | SOLE |  | 4077 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 593149 | 1551 | SH |  | SOLE |  | 1551 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 661253 | 1493 | SH |  | SOLE |  | 1493 | 0 | 0 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 | BBG001T2PMD1 | 366674 | 5699 | SH |  | SOLE |  | 5699 | 0 | 0 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 | BBG001SQS7X7 | 4535910 | 50399 | SH |  | SOLE |  | 50399 | 0 | 0 |
| SPDR SER TR | PORTFOLIO LN TSR | 78464A664 | BBG001STKCY7 | 1343305 | 46273 | SH |  | SOLE |  | 46273 | 0 | 0 |
| SPDR SER TR | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 951086 | 7602 | SH |  | SOLE |  | 7602 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 444288 | 2981 | SH |  | SOLE |  | 2981 | 0 | 0 |
| TENNANT CO | COM | 880345103 | BBG001SCHFK6 | 11338120 | 184150 | SH |  | SOLE |  | 184150 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 280048 | 1695 | SH |  | SOLE |  | 1695 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 333167 | 605 | SH |  | SOLE |  | 605 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 469070 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1428783 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 2082547 | 3928 | SH |  | SOLE |  | 3928 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 391138 | 8969 | SH |  | SOLE |  | 8969 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 18664750 | 259810 | SH |  | SOLE |  | 259810 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 571294 | 12045 | SH |  | SOLE |  | 12045 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 1857503 | 9114 | SH |  | SOLE |  | 9114 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 61824600 | 175968 | SH |  | SOLE |  | 175968 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 10354590 | 56416 | SH |  | SOLE |  | 56416 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 4468770 | 23373 | SH |  | SOLE |  | 23373 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 1403920 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 6072382 | 155782 | SH |  | SOLE |  | 155782 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 2677118 | 34539 | SH |  | SOLE |  | 34539 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 27767590 | 480242 | SH |  | SOLE |  | 480242 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 363769 | 4838 | SH |  | SOLE |  | 4838 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 31285910 | 745435 | SH |  | SOLE |  | 745435 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 572063 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 985197 | 25005 | SH |  | SOLE |  | 25005 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 253052 | 1218 | SH |  | SOLE |  | 1218 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1430284 | 10087 | SH |  | SOLE |  | 10087 | 0 | 0 |

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