# EDGAR Filing Document

**Accession Number:** 0001628896
**File Stem:** 0001667731-25-000784
**Filing Date:** 2025-7
**Character Count:** 17420
**Document Hash:** baaad4f69ee51b7583a67813b26f31d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-000784.hdr.sgml**: 20250711

**ACCESSION NUMBER**: 0001667731-25-000784

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250711

**DATE AS OF CHANGE**: 20250711

**EFFECTIVENESS DATE**: 20250711

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Advantage, Inc.
- **CENTRAL INDEX KEY:** 0001628896

**ORGANIZATION NAME:**
- **EIN:** 943307876
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16928
- **FILM NUMBER:** 251118667

**BUSINESS ADDRESS:**
- **STREET 1:** 1855 OLYMPIC BLVD
- **STREET 2:** STE 300
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 925-299-1500

**MAIL ADDRESS:**
- **STREET 1:** 1855 OLYMPIC BLVD
- **STREET 2:** STE 300
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Capital Advantage Inc.<br>**Address:** 1855 Olympic Blvd<br>Ste 300<br>Walnut Creek, CA 94596

**Form 13F File Number:** 028-16928

**CRD Number (if applicable):** 000108985

**SEC File Number (if applicable):** 801-55896

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:** Dawnalizabeth Henke<br>**Title:** Chief Compliance Officer  Chief Operating Officer<br>**Phone:** 925-299-1500

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

/s/ Dawnalizabeth Henke  Walnut Creek, CA  07-11-2025<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:** 139

**Form 13F Information Table Value Total:** $631434805

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 694678 | 5108 | SH |  | SOLE |  | 0 | 0 | 5108 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 4091119 | 28831 | SH |  | SOLE |  | 0 | 0 | 28831 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 612047 | 3473 | SH |  | SOLE |  | 0 | 0 | 3473 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 590785 | 3330 | SH |  | SOLE |  | 0 | 0 | 3330 |
| AMAZON COM INC | COM | 023135106 |  | 2760151 | 12581 | SH |  | SOLE |  | 0 | 0 | 12581 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 637960 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| AMGEN INC | COM | 031162100 |  | 850771 | 3047 | SH |  | SOLE |  | 0 | 0 | 3047 |
| APPLE INC | COM | 037833100 |  | 11277345 | 54966 | SH |  | SOLE |  | 0 | 0 | 54966 |
| APPLIED MATLS INC | COM | 038222105 |  | 445978 | 2436 | SH |  | SOLE |  | 0 | 0 | 2436 |
| AT INC | COM | 00206R102 |  | 484953 | 16757 | SH |  | SOLE |  | 0 | 0 | 16757 |
| AUTOLIV INC | COM | 052800109 |  | 928547 | 8298 | SH |  | SOLE |  | 0 | 0 | 8298 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1067062 | 3460 | SH |  | SOLE |  | 0 | 0 | 3460 |
| BANK AMERICA CORP | COM | 060505104 |  | 292613 | 6184 | SH |  | SOLE |  | 0 | 0 | 6184 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 1457600 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BLACKROCK ETF TRUST II | ISHARES SHORT-TE | 092528884 |  | 484398 | 9602 | SH |  | SOLE |  | 0 | 0 | 9602 |
| BOEING CO | COM | 097023105 |  | 604627 | 2886 | SH |  | SOLE |  | 0 | 0 | 2886 |
| CALAVO GROWERS INC | COM | 128246105 |  | 603354 | 22691 | SH |  | SOLE |  | 0 | 0 | 22691 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 20462297 | 518164 | SH |  | SOLE |  | 0 | 0 | 518164 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 58231678 | 2108316 | SH |  | SOLE |  | 0 | 0 | 2108316 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 313453 | 4283 | SH |  | SOLE |  | 0 | 0 | 4283 |
| CATERPILLAR INC | COM | 149123101 |  | 878872 | 2264 | SH |  | SOLE |  | 0 | 0 | 2264 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3410687 | 23819 | SH |  | SOLE |  | 0 | 0 | 23819 |
| CISCO SYS INC | COM | 17275R102 |  | 1198235 | 17271 | SH |  | SOLE |  | 0 | 0 | 17271 |
| COCA COLA CO | COM | 191216100 |  | 517887 | 7320 | SH |  | SOLE |  | 0 | 0 | 7320 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 231812 | 2583 | SH |  | SOLE |  | 0 | 0 | 2583 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1097621 | 1109 | SH |  | SOLE |  | 0 | 0 | 1109 |
| DAILY JOURNAL CORP | COM | 233912104 |  | 602129 | 1426 | SH |  | SOLE |  | 0 | 0 | 1426 |
| DISNEY WALT CO | COM | 254687106 |  | 203318 | 1640 | SH |  | SOLE |  | 0 | 0 | 1640 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 305502 | 2589 | SH |  | SOLE |  | 0 | 0 | 2589 |
| EATON CORP PLC | SHS | G29183103 |  | 1106145 | 3099 | SH |  | SOLE |  | 0 | 0 | 3099 |
| ELI LILLY  CO | COM | 532457108 |  | 467626 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 255337 | 8234 | SH |  | SOLE |  | 0 | 0 | 8234 |
| EXTREME NETWORKS | COM | 30226D106 |  | 4047277 | 225475 | SH |  | SOLE |  | 0 | 0 | 225475 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1628140 | 15103 | SH |  | SOLE |  | 0 | 0 | 15103 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 1560986 | 44246 | SH |  | SOLE |  | 0 | 0 | 44246 |
| FISERV INC | COM | 337738108 |  | 223271 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| GE AEROSPACE | COM NEW | 369604301 |  | 305780 | 1188 | SH |  | SOLE |  | 0 | 0 | 1188 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 4570270 | 104871 | SH |  | SOLE |  | 0 | 0 | 104871 |
| HOME DEPOT INC | COM | 437076102 |  | 716345 | 1954 | SH |  | SOLE |  | 0 | 0 | 1954 |
| INTEL CORP | COM | 458140100 |  | 242179 | 10812 | SH |  | SOLE |  | 0 | 0 | 10812 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 524553 | 1779 | SH |  | SOLE |  | 0 | 0 | 1779 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 343307 | 1889 | SH |  | SOLE |  | 0 | 0 | 1889 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 637895 | 1156 | SH |  | SOLE |  | 0 | 0 | 1156 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 432128 | 11032 | SH |  | SOLE |  | 0 | 0 | 11032 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 945716 | 14978 | SH |  | SOLE |  | 0 | 0 | 14978 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 3314774 | 39707 | SH |  | SOLE |  | 0 | 0 | 39707 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 241725 | 2081 | SH |  | SOLE |  | 0 | 0 | 2081 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 7207539 | 113540 | SH |  | SOLE |  | 0 | 0 | 113540 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 246079 | 1560 | SH |  | SOLE |  | 0 | 0 | 1560 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1287436 | 11693 | SH |  | SOLE |  | 0 | 0 | 11693 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 243593 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 643350 | 1515 | SH |  | SOLE |  | 0 | 0 | 1515 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 5983253 | 32728 | SH |  | SOLE |  | 0 | 0 | 32728 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 4847264 | 44352 | SH |  | SOLE |  | 0 | 0 | 44352 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 3772689 | 78207 | SH |  | SOLE |  | 0 | 0 | 78207 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 4487655 | 88496 | SH |  | SOLE |  | 0 | 0 | 88496 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 8497082 | 95056 | SH |  | SOLE |  | 0 | 0 | 95056 |
| ISHARES TR | S 100 ETF | 464287101 |  | 202371 | 665 | SH |  | SOLE |  | 0 | 0 | 665 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 295390 | 8560 | SH |  | SOLE |  | 0 | 0 | 8560 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3020566 | 4865 | SH |  | SOLE |  | 0 | 0 | 4865 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 506619 | 5678 | SH |  | SOLE |  | 0 | 0 | 5678 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1149759 | 5920 | SH |  | SOLE |  | 0 | 0 | 5920 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 457484 | 7155 | SH |  | SOLE |  | 0 | 0 | 7155 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 972044 | 7319 | SH |  | SOLE |  | 0 | 0 | 7319 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 727389 | 4762 | SH |  | SOLE |  | 0 | 0 | 4762 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 930243 | 3209 | SH |  | SOLE |  | 0 | 0 | 3209 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 280373 | 605 | SH |  | SOLE |  | 0 | 0 | 605 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 312843 | 3291 | SH |  | SOLE |  | 0 | 0 | 3291 |
| MCDONALDS CORP | COM | 580135101 |  | 605602 | 2073 | SH |  | SOLE |  | 0 | 0 | 2073 |
| MERCK  CO INC | COM | 58933Y105 |  | 651538 | 8231 | SH |  | SOLE |  | 0 | 0 | 8231 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1746306 | 2366 | SH |  | SOLE |  | 0 | 0 | 2366 |
| MICROSOFT CORP | COM | 594918104 |  | 7876415 | 15835 | SH |  | SOLE |  | 0 | 0 | 15835 |
| NETFLIX INC | COM | 64110L106 |  | 413792 | 309 | SH |  | SOLE |  | 0 | 0 | 309 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2602087 | 5204 | SH |  | SOLE |  | 0 | 0 | 5204 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 212615 | 1757 | SH |  | SOLE |  | 0 | 0 | 1757 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2277703 | 14417 | SH |  | SOLE |  | 0 | 0 | 14417 |
| ORACLE CORP | COM | 68389X105 |  | 1710842 | 7825 | SH |  | SOLE |  | 0 | 0 | 7825 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 233064 | 2354 | SH |  | SOLE |  | 0 | 0 | 2354 |
| PEPSICO INC | COM | 713448108 |  | 630381 | 4774 | SH |  | SOLE |  | 0 | 0 | 4774 |
| PFIZER INC | COM | 717081103 |  | 226559 | 9346 | SH |  | SOLE |  | 0 | 0 | 9346 |
| PG CORP | COM | 69331C108 |  | 142732 | 10239 | SH |  | SOLE |  | 0 | 0 | 10239 |
| PHILLIPS 66 | COM | 718546104 |  | 332607 | 2788 | SH |  | SOLE |  | 0 | 0 | 2788 |
| PIMCO ETF TR | ENHANCD SHORT | 72201R643 |  | 667971 | 6763 | SH |  | SOLE |  | 0 | 0 | 6763 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 521151 | 3271 | SH |  | SOLE |  | 0 | 0 | 3271 |
| QUALCOMM INC | COM | 747525103 |  | 374818 | 2353 | SH |  | SOLE |  | 0 | 0 | 2353 |
| RTX CORPORATION | COM | 75513E101 |  | 868643 | 5949 | SH |  | SOLE |  | 0 | 0 | 5949 |
| SALESFORCE INC | COM | 79466L302 |  | 546272 | 2003 | SH |  | SOLE |  | 0 | 0 | 2003 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1011628 | 11088 | SH |  | SOLE |  | 0 | 0 | 11088 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 41989441 | 1049211 | SH |  | SOLE |  | 0 | 0 | 1049211 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 6945726 | 314286 | SH |  | SOLE |  | 0 | 0 | 314286 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1337149 | 47670 | SH |  | SOLE |  | 0 | 0 | 47670 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 247137 | 9768 | SH |  | SOLE |  | 0 | 0 | 9768 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 22945984 | 865886 | SH |  | SOLE |  | 0 | 0 | 865886 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 2087557 | 85068 | SH |  | SOLE |  | 0 | 0 | 85068 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 2194846 | 89805 | SH |  | SOLE |  | 0 | 0 | 89805 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 2847007 | 99372 | SH |  | SOLE |  | 0 | 0 | 99372 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 3709469 | 45813 | SH |  | SOLE |  | 0 | 0 | 45813 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 21801726 | 416302 | SH |  | SOLE |  | 0 | 0 | 416302 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 243316 | 961 | SH |  | SOLE |  | 0 | 0 | 961 |
| SNOWFLAKE INC | CL A | 833445109 |  | 987274 | 4412 | SH |  | SOLE |  | 0 | 0 | 4412 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 636486 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1144237 | 1852 | SH |  | SOLE |  | 0 | 0 | 1852 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 1015142 | 1792 | SH |  | SOLE |  | 0 | 0 | 1792 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 14371233 | 197706 | SH |  | SOLE |  | 0 | 0 | 197706 |
| STARBUCKS CORP | COM | 855244109 |  | 261787 | 2857 | SH |  | SOLE |  | 0 | 0 | 2857 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 494655 | 2184 | SH |  | SOLE |  | 0 | 0 | 2184 |
| TESLA INC | COM | 88160R101 |  | 297909 | 938 | SH |  | SOLE |  | 0 | 0 | 938 |
| TWILIO INC | CL A | 90138F102 |  | 5780253 | 46480 | SH |  | SOLE |  | 0 | 0 | 46480 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 262530 | 4292 | SH |  | SOLE |  | 0 | 0 | 4292 |
| UNION PAC CORP | COM | 907818108 |  | 222488 | 967 | SH |  | SOLE |  | 0 | 0 | 967 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 219480 | 2174 | SH |  | SOLE |  | 0 | 0 | 2174 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 751905 | 11625 | SH |  | SOLE |  | 0 | 0 | 11625 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 6927907 | 42125 | SH |  | SOLE |  | 0 | 0 | 42125 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2274641 | 4004 | SH |  | SOLE |  | 0 | 0 | 4004 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 291547 | 1022 | SH |  | SOLE |  | 0 | 0 | 1022 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 9516666 | 48801 | SH |  | SOLE |  | 0 | 0 | 48801 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 830143 | 2731 | SH |  | SOLE |  | 0 | 0 | 2731 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 396935 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3861610 | 13800 | SH |  | SOLE |  | 0 | 0 | 13800 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 325476 | 1842 | SH |  | SOLE |  | 0 | 0 | 1842 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 4984703 | 21034 | SH |  | SOLE |  | 0 | 0 | 21034 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 224636 | 2826 | SH |  | SOLE |  | 0 | 0 | 2826 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 85859674 | 1035452 | SH |  | SOLE |  | 0 | 0 | 1035452 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 23235074 | 113525 | SH |  | SOLE |  | 0 | 0 | 113525 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 830477 | 14567 | SH |  | SOLE |  | 0 | 0 | 14567 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 30486329 | 380556 | SH |  | SOLE |  | 0 | 0 | 380556 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 2218200 | 16639 | SH |  | SOLE |  | 0 | 0 | 16639 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 36786403 | 408194 | SH |  | SOLE |  | 0 | 0 | 408194 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 14516101 | 51830 | SH |  | SOLE |  | 0 | 0 | 51830 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 756204 | 11545 | SH |  | SOLE |  | 0 | 0 | 11545 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 21493364 | 86548 | SH |  | SOLE |  | 0 | 0 | 86548 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 26133356 | 199187 | SH |  | SOLE |  | 0 | 0 | 199187 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 290633 | 2440 | SH |  | SOLE |  | 0 | 0 | 2440 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 13281212 | 59049 | SH |  | SOLE |  | 0 | 0 | 59049 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 501967 | 11601 | SH |  | SOLE |  | 0 | 0 | 11601 |
| VISA INC | COM CL A | 92826C839 |  | 1192227 | 3358 | SH |  | SOLE |  | 0 | 0 | 3358 |
| WALMART INC | COM | 931142103 |  | 549426 | 5619 | SH |  | SOLE |  | 0 | 0 | 5619 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 691757 | 8634 | SH |  | SOLE |  | 0 | 0 | 8634 |
| WORKDAY INC | CL A | 98138H101 |  | 3558720 | 14828 | SH |  | SOLE |  | 0 | 0 | 14828 |

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