# EDGAR Filing Document

**Accession Number:** 0001811308
**File Stem:** 0001104659-23-019927
**Filing Date:** 2023-2
**Character Count:** 17970
**Document Hash:** 55e72678aa8d68e3d2e0f011c0b05128
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019927.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-019927

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wellspring Financial Advisors, LLC
- **CENTRAL INDEX KEY:** 0001811308
- **IRS NUMBER:** 208013235
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20261
- **FILM NUMBER:** 23620631

**BUSINESS ADDRESS:**
- **STREET 1:** 5885 LANDERBROOK DR
- **STREET 2:** SUITE 205
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 216-367-0680

**MAIL ADDRESS:**
- **STREET 1:** 5885 LANDERBROOK DR
- **STREET 2:** SUITE 205
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124

### 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:** Wellspring Financial Advisors LLC<br>**Address:** 5885 Landerbrook Dr<br>Suite 205<br>Cleveland, OH 44124

**Form 13F File Number:** 028-20261

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 Capuozzo<br>**Title:** Chief Compliance Officer<br>**Phone:** 216-367-0680

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

/s/  Laura Capuozzo  Cleveland, OH  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:** 130

**Form 13F Information Table Value Total:** $300605298

      (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 |
| 111 INC ADS | SPONSORED ADS | 68247Q102 |  | 212449 | 4300 | SH |  | SOLE |  | 4299 | 0 | 0 |
| ABBOTT LABS COM | COM | 002824100 |  | 261638 | 2383 | SH |  | SOLE |  | 2383 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 471200 | 2916 | SH |  | SOLE |  | 2915 | 0 | 0 |
| ALPHABET INC CAP STK CL C | CL C | 02079K107 |  | 668668 | 7536 | SH |  | SOLE |  | 7535 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 916699 | 10913 | SH |  | SOLE |  | 10913 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 666376 | 2537 | SH |  | SOLE |  | 2537 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 4822320 | 37114 | SH |  | SOLE |  | 37114 | 0 | 0 |
| ARHAUS INC COM CL A | COM CL A | 04035M102 |  | 229125 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| ARROWROOT ACQUISITION CORP CL A COM | COM | 04282M102 |  | 303057 | 30200 | SH |  | SOLE |  | 30200 | 0 | 0 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 208644 | 6300 | SH |  | SOLE |  | 6299 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | CL B NEW | 084670702 |  | 794800 | 2573 | SH |  | SOLE |  | 2573 | 0 | 0 |
| BITWISE CRYPTO INDUSTRY INNOVATORS ETF | BITWISE CRYPTO | 301505624 |  | 171709 | 50651 | SH |  | SOLE |  | 50651 | 0 | 0 |
| BLACKROCK MUN INCOME TR SH BEN INT | SH BEN INT | 09248F109 |  | 192146 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| BLACKROCK MUNI INCOME TR II COM | COM | 09249N101 |  | 152884 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| BLACKROCK MUNICIPAL INCOME COM | COM | 09253X102 |  | 266255 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| BLACKROCK MUNIHLDGS NY QLTY FD COM | COM | 09255C106 |  | 102700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS FD INC COM | COM | 09253N104 |  | 303500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| BLACKROCK MUNIVEST FD INC COM | COM | 09253R105 |  | 91130 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| BLACKROCK MUNIYIELD FD INC COM | COM | 09253W104 |  | 189462 | 18200 | SH |  | SOLE |  | 18200 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY FD COM | COM | 09254E103 |  | 257830 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| BRC INC COM CL A | COM CLA | 05601U105 |  | 120804 | 19772 | SH |  | SOLE |  | 19771 | 0 | 0 |
| CASCADIA ACQUISITION CORP CLASS A COM | COM CL A | 14739D100 |  | 158474 | 15800 | SH |  | SOLE |  | 15800 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 368212 | 2051 | SH |  | SOLE |  | 2051 | 0 | 0 |
| COCA COLA CO COM | COM | 191216100 |  | 260111 | 4089 | SH |  | SOLE |  | 4089 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 649464 | 1423 | SH |  | SOLE |  | 1422 | 0 | 0 |
| DB COMMODITY INDEX TRACKING | UNIT | 46138B103 |  | 4336047 | 175905 | SH |  | SOLE |  | 175904 | 0 | 0 |
| DISNEY WALT CO COM | COM DISNEY | 254687106 |  | 314061 | 3615 | SH |  | SOLE |  | 3614 | 0 | 0 |
| DWS MUNICIPAL INCOME | COM | 233368109 |  | 87822 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| EATON VANCE MUN BD FD COM | COM | 27827X101 |  | 215447 | 20736 | SH |  | SOLE |  | 20736 | 0 | 0 |
| EATON VANCE NATL MUN OPPORT TR COM SHS | COM SHS | 27829L105 |  | 172515 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR | COM | 81369Y506 |  | 210365 | 2405 | SH |  | SOLE |  | 2405 | 0 | 0 |
| EVE HLDG INC COM | CLASS A ORD SHS | 29970N104 |  | 181174 | 25163 | SH |  | SOLE |  | 25163 | 0 | 0 |
| FINTECH ECOSYSTEM DEVE CLASS A COM | CLASS A COM | 318136108 |  | 166050 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 230620 | 672 | SH |  | SOLE |  | 671 | 0 | 0 |
| GOLDMAN SACHS PHYSICAL GOLD ETF | UNIT | 715426102 |  | 3671800 | 202974 | SH |  | SOLE |  | 202974 | 0 | 0 |
| GOOGLE INC | CAP STK CL A | 02079K305 |  | 386624 | 4382 | SH |  | SOLE |  | 4382 | 0 | 0 |
| GUGGENHEIM ETF TRUST S 500 EQUAL WEIGHT | S EQL WGT | 46137V357 |  | 5207428 | 36867 | SH |  | SOLE |  | 36866 | 0 | 0 |
| HOME DEPOT | COM | 437076102 |  | 416505 | 1319 | SH |  | SOLE |  | 1318 | 0 | 0 |
| INVACARE CORP | COM | 461203101 |  | 4200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| INVESCO CURRENCYSHARES SWISS FRANC TRUST | SWISS FRANC | 46138R108 |  | 337592 | 3498 | SH |  | SOLE |  | 3498 | 0 | 0 |
| INVESCO MUN OPPORTUNITY TR COM | COM | 46132C107 |  | 134776 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| INVESCO QUALITY MUN INCOME TR COM | COM | 46133G107 |  | 150720 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| ISHARES 0-3 MONTH TREASURY BOND ETF | 0-3 MNTH TREASRY | 46436E718 |  | 10501873 | 104872 | SH |  | SOLE |  | 104871 | 0 | 0 |
| ISHARES 1-3 YR TREASURY BOND ETF | 1 3 YR TREAS BD | 464287457 |  | 332646 | 4098 | SH |  | SOLE |  | 4098 | 0 | 0 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | 7-10 YR TRSY BD | 464287440 |  | 2540797 | 26527 | SH |  | SOLE |  | 26527 | 0 | 0 |
| ISHARES AGGREGATE BOND ETF | CORE US AGGBD ET | 464287226 |  | 422310 | 4354 | SH |  | SOLE |  | 4354 | 0 | 0 |
| ISHARES AMT-FREE MUNI BOND ETF | NATIONAL MUN ETF | 464288414 |  | 1629607 | 15318 | SH |  | SOLE |  | 15318 | 0 | 0 |
| ISHARES CORE HIGH DIVIDEND ETF | CORE HIGH DV ETF | 46429B663 |  | 1132584 | 10865 | SH |  | SOLE |  | 10865 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 264251 | 4287 | SH |  | SOLE |  | 4287 | 0 | 0 |
| ISHARES CORE MSCI EMERGING MARKETS ETF | CORE MSCI EMKT | 46434G103 |  | 829094 | 17754 | SH |  | SOLE |  | 17753 | 0 | 0 |
| ISHARES CORE S MID CAP ETF | CORE S MCP ETF | 464287507 |  | 4318842 | 1256217 | SH |  | SOLE |  | 1256217 | 0 | 0 |
| ISHARES DJ SELECT DIVIDEND | SELECT DIVID ETF | 464287168 |  | 1158408 | 9605 | SH |  | SOLE |  | 9605 | 0 | 0 |
| ISHARES GLOBAL INFRASTRUCTURE ETF | GLB INFRASTR ETF | 464288372 |  | 1747473 | 38121 | SH |  | SOLE |  | 38121 | 0 | 0 |
| ISHARES GOLD TRUST ETF | ISHARES NEW | 464285204 |  | 6068158 | 175431 | SH |  | SOLE |  | 175431 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | RUS 1000 GRW ETF | 464287614 |  | 15971315 | 74549 | SH |  | SOLE |  | 74548 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE ETF | RUS 1000 VAL ETF | 464287598 |  | 3564638 | 23506 | SH |  | SOLE |  | 23505 | 0 | 0 |
| ISHARES S 500 GROWTH ETF | S 500 GRWT ETF | 464287309 |  | 6511807 | 111313 | SH |  | SOLE |  | 111312 | 0 | 0 |
| ISHARES S 500 INDEX | CORE S ETF | 464287200 |  | 10830916 | 28190 | SH |  | SOLE |  | 28190 | 0 | 0 |
| ISHARES S 500 VALUE ETF | S 500 VAL ETF | 464287408 |  | 1770002 | 12201 | SH |  | SOLE |  | 12201 | 0 | 0 |
| ISHARES S MIDCAP 400 GROWTH INDEX | S MC 400GR ETF | 464287606 |  | 1902783 | 27859 | SH |  | SOLE |  | 27859 | 0 | 0 |
| ISHARES S MIDCAP 400 VALUE ETF | S MC 400VL ETF | 464287705 |  | 1213934 | 12043 | SH |  | SOLE |  | 12043 | 0 | 0 |
| ISHARES S NORTH AMER TECH-SOFTWARE | EXPANDED TECH | 464287515 |  | 4204693 | 1352796 | SH |  | SOLE |  | 1352796 | 0 | 0 |
| ISHARES S SMALLCAP 600 ETF | CORE S SCP ETF | 464287804 |  | 1615870 | 343953 | SH |  | SOLE |  | 343953 | 0 | 0 |
| ISHARES S SMALLCAP 600 GROWTH ETF | S SML 600 GWT | 464287887 |  | 366599 | 3392 | SH |  | SOLE |  | 3392 | 0 | 0 |
| ISHARES TR MSCI ACWIINDEX FD | MSCI ACWI ETF | 464288257 |  | 805681 | 9492 | SH |  | SOLE |  | 9492 | 0 | 0 |
| ISHARES TR RUSSELL 1000 INDEX ETF | RUS 1000 ETF | 464287622 |  | 214368 | 1018 | SH |  | SOLE |  | 1018 | 0 | 0 |
| ISHARES TR S 1500 INDEX FD | CORE S TTL STK | 464287150 |  | 293778 | 3464 | SH |  | SOLE |  | 3464 | 0 | 0 |
| ISHARES TRS SHORT TERM NATL MUNICIPAL BD FD | SHRT NAT MUN ETF | 464288158 |  | 314791 | 3019 | SH |  | SOLE |  | 3019 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 8412430 | 47622 | SH |  | SOLE |  | 47622 | 0 | 0 |
| JPMORGAN CHASE  CO COM | COM | 46625H100 |  | 345046 | 2573 | SH |  | SOLE |  | 2573 | 0 | 0 |
| JPMORGAN REALTY INCOME ETF | REALTY INCOME ET | 46641Q126 |  | 386882 | 9418 | SH |  | SOLE |  | 9417 | 0 | 0 |
| LILLY ELI  CO COM | COM | 532457108 |  | 211148 | 577 | SH |  | SOLE |  | 577 | 0 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 250921 | 722 | SH |  | SOLE |  | 721 | 0 | 0 |
| MAXPRO CAPITAL ACQUISITN CORP CLASS A COM | CLASS A COM | 57778T106 |  | 124320 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 207015 | 786 | SH |  | SOLE |  | 785 | 0 | 0 |
| MICROSOFT | COM | 594918104 |  | 2332545 | 9726 | SH |  | SOLE |  | 9726 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INCME COM | COM | 670657105 |  | 250140 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| NUVEEN MUNICIPAL CREDIT INC FD COM SH BEN INT | SH BEN INT | 67070X101 |  | 134221 | 11111 | SH |  | SOLE |  | 11111 | 0 | 0 |
| NUVEEN NEW YORK AMT QLT MUNICP COM | COM | 670656107 |  | 266719 | 25996 | SH |  | SOLE |  | 25996 | 0 | 0 |
| NUVEEN OHIO QUALITY INCOME MUN FD INC | COM | 670980101 |  | 257607 | 20300 | SH |  | SOLE |  | 20300 | 0 | 0 |
| NUVEEN PENNSYLVANIA QLT MUN FD COM | COM | 670972108 |  | 139125 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 399518 | 2734 | SH |  | SOLE |  | 2733 | 0 | 0 |
| OCA ACQUISITION CORP COM CL A | COM CL A | 670865104 |  | 157131 | 15300 | SH |  | SOLE |  | 15300 | 0 | 0 |
| PAYPAL HLDGS INC COM | COM | 70450Y103 |  | 1524642 | 21408 | SH |  | SOLE |  | 21407 | 0 | 0 |
| PEARL HOLDINGS ACQUISITN CORP CLASS A ORD SHS | CLASS A ORD SHS | G44525106 |  | 153450 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PEPSICO INC COM | COM | 713448108 |  | 467175 | 2586 | SH |  | SOLE |  | 2585 | 0 | 0 |
| POWERSHARES QQQ TR | UNIT SER 1 | 46090E103 |  | 5932996 | 1451481 | SH |  | SOLE |  | 1451480 | 0 | 0 |
| POWERSHARES SP500 LOW VOLATILITY ETF | S LOW VOL | 46138E354 |  | 6125608 | 95862 | SH |  | SOLE |  | 95862 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 654344 | 4317 | SH |  | SOLE |  | 4317 | 0 | 0 |
| PROTERRA INC COM | COM | 74374T109 |  | 66179 | 17554 | SH |  | SOLE |  | 17554 | 0 | 0 |
| RAYONIER ADVANCED MATLS INC COM | COM | 75508B104 |  | 711254 | 74089 | SH |  | SOLE |  | 74089 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | COM | 75513E101 |  | 315030 | 3122 | SH |  | SOLE |  | 3121 | 0 | 0 |
| RIVERNORTH FLEXIBLE MUNI INCME COM | COM | 76883Y107 |  | 135300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ROC ENERGY ACQUISITION CORP COMMON STOCK | COMMON STOCK | 77118V108 |  | 154624 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| SCH FND US LG ETF | SCHWAB FDT US LG | 808524771 |  | 420858 | 7875 | SH |  | SOLE |  | 7875 | 0 | 0 |
| SCHWAB INTERMEDIATE-TERM US TREASURY ETF | INT-TRM U.S TRES | 808524854 |  | 764410 | 15527 | SH |  | SOLE |  | 15527 | 0 | 0 |
| SORRENTO THERAPEUTICS INC COM NEW | COM NEW | 83587F202 |  | 428426 | 483551 | SH |  | SOLE |  | 483551 | 0 | 0 |
| SPDR PORTFOLIO S 500 GROWTH ETF | PRTFLO S GW | 78464A409 |  | 2223067 | 43873 | SH |  | SOLE |  | 43873 | 0 | 0 |
| SPDR S 400 MID CAP GROWTH ETF | S 400 MDCP GRW | 78464A821 |  | 414007 | 368318 | SH |  | SOLE |  | 368318 | 0 | 0 |
| SPDR S 500 ETF TRUST | TR UNIT | 78462F103 |  | 14151090 | 37003 | SH |  | SOLE |  | 37003 | 0 | 0 |
| SPDR S 600 SMALL CAP VALUE ETF | S 600 SMCP VAL | 78464A300 |  | 827270 | 11146 | SH |  | SOLE |  | 11146 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TRUST | UTSER1 S | 78467Y107 |  | 13783326 | 31128 | SH |  | SOLE |  | 31128 | 0 | 0 |
| SPDR SER TR S DIVID ETF | S DIVID ETF | 78464A763 |  | 11890820 | 95043 | SH |  | SOLE |  | 95042 | 0 | 0 |
| SPDR SERIES TRUST NUVEEN S HIGH YLD MUN B ETF | NUVEEN BLOOMBERG | 78464A284 |  | 259345 | 5296 | SH |  | SOLE |  | 5296 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 621846 | 6269 | SH |  | SOLE |  | 6268 | 0 | 0 |
| TECHNOLOGY  TELECOM ACQ CORP CLASS A ORD SHS | CLASS A ORD SHS | G87119106 |  | 103980 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| TESLA MOTORS INC | COM | 88160R101 |  | 344288 | 2795 | SH |  | SOLE |  | 2795 | 0 | 0 |
| TRUIST FINL CORP COM | COM | 89832Q109 |  | 103530 | 2406 | SH |  | SOLE |  | 2406 | 0 | 0 |
| UNITEDHEALTH GROUP | COM | 91324P102 |  | 257540 | 486 | SH |  | SOLE |  | 485 | 0 | 0 |
| VANGUARD CONSUMER STAPLES ETF | CONSUM STP ETF | 92204A207 |  | 2706219 | 798578 | SH |  | SOLE |  | 798578 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | DIV APP ETF | 921908844 |  | 2422897 | 15956 | SH |  | SOLE |  | 15955 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | FTSE DEV MKT ETF | 921943858 |  | 541210 | 12895 | SH |  | SOLE |  | 12895 | 0 | 0 |
| VANGUARD GROWTH ETF | GROWTH ETF | 922908736 |  | 6498361 | 949274 | SH |  | SOLE |  | 949274 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD | HIGH DIV YLD | 921946406 |  | 9883407 | 1853446 | SH |  | SOLE |  | 1853445 | 0 | 0 |
| VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS ETF | MCAP VL IDXVIP | 922908512 |  | 4028930 | 807239 | SH |  | SOLE |  | 807239 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY | INF TECH ETF | 92204A702 |  | 797344 | 2496 | SH |  | SOLE |  | 2496 | 0 | 0 |
| VANGUARD INTERMEDIATE-TERM TREASURY ETF | INTER TERM TREAS | 92206C706 |  | 4592740 | 78535 | SH |  | SOLE |  | 78535 | 0 | 0 |
| VANGUARD LARGE CAP | LARGE CAP ETF | 922908637 |  | 907034 | 5207 | SH |  | SOLE |  | 5206 | 0 | 0 |
| VANGUARD MEGA CAP GROWTH ETF | MEGA GRWTH IND | 921910816 |  | 725830 | 4218 | SH |  | SOLE |  | 4218 | 0 | 0 |
| VANGUARD REIT INDEX ETF | REAL ESTATE ETF | 922908553 |  | 1596910 | 19361 | SH |  | SOLE |  | 19361 | 0 | 0 |
| VANGUARD S 500 ETF | S 500 ETF SH | 922908363 |  | 1607671 | 4576 | SH |  | SOLE |  | 4575 | 0 | 0 |
| VANGUARD SHORT TERM INFL-PROTECTED | STRM INFPROIDX | 922020805 |  | 2744654 | 58759 | SH |  | SOLE |  | 58759 | 0 | 0 |
| VANGUARD SHORT-TERM BOND ETF | SHORT TRM BOND | 921937827 |  | 953623 | 12668 | SH |  | SOLE |  | 12667 | 0 | 0 |
| VANGUARD SMALL CAP ETF | SMALL CP ETF | 922908751 |  | 1739014 | 9475 | SH |  | SOLE |  | 9474 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | TOTAL BND MRKT | 921937835 |  | 1357305 | 18893 | SH |  | SOLE |  | 18893 | 0 | 0 |
| VANGUARD TOTAL INTERNATIONAL STOCK ETF | VG TL INTL STK F | 921909768 |  | 7133403 | 3014592 | SH |  | SOLE |  | 3014591 | 0 | 0 |
| VANGUARD TOTAL STK MKT | TOTAL STK MKT | 922908769 |  | 41621935 | 6192166 | SH |  | SOLE |  | 6192166 | 0 | 0 |
| VANGUARD VALUE ETF | VALUE ETF | 922908744 |  | 21870450 | 988338 | SH |  | SOLE |  | 988338 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 426524 | 2053 | SH |  | SOLE |  | 2052 | 0 | 0 |
| WESTERN ASSET MANAGED MUNS FD COM | COM | 95766M105 |  | 150043 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |

---