# EDGAR Filing Document

**Accession Number:** 0001660694
**File Stem:** 0001398344-23-003571
**Filing Date:** 2023-2
**Character Count:** 23017
**Document Hash:** c5f081bc4115c33dfeb870b30a9a471d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003571.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001398344-23-003571

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**EFFECTIVENESS DATE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GSB Wealth Management, LLC
- **CENTRAL INDEX KEY:** 0001660694
- **IRS NUMBER:** 061551472
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1215

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17980
- **FILM NUMBER:** 23638249

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PARK STREET
- **CITY:** GUILFORD
- **STATE:** CT
- **ZIP:** 06437
- **BUSINESS PHONE:** 203-453-9075

**MAIL ADDRESS:**
- **STREET 1:** 1 PARK STREET
- **CITY:** GUILFORD
- **STATE:** CT
- **ZIP:** 06437

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Asset & Retirement Investment Associates, LLC
- **DATE OF NAME CHANGE:** 20151210

### 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:** GSB Wealth Management LLC<br>**Address:** 1 PARK STREET<br>GUILFORD, CT 06437

**Form 13F File Number:** 028-17980

**CRD Number (if applicable):** 000124867

**SEC File Number (if applicable):** 801-61932

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:** Colleen Venter<br>**Title:** Chief Compliance Officer<br>**Phone:** 203-453-9075

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

/s/ Colleen Venter  Guilford, CT  02-09-2023<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:** 198

**Form 13F Information Table Value Total:** $280164744

      (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 |
| AMAZON COM INC | COM | 023135106 |  | 749952 | 8928 | SH |  | SOLE |  | 8928 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 1120542 | 30666 | SH |  | SOLE |  | 30666 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1251928 | 12587 | SH |  | SOLE |  | 12587 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 213427 | 455 | SH |  | SOLE |  | 455 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2244274 | 8428 | SH |  | SOLE |  | 8428 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 359489 | 3624 | SH |  | SOLE |  | 3623 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 477338 | 931 | SH |  | SOLE |  | 930 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 397335 | 11487 | SH |  | SOLE |  | 11487 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 527087 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 6526993 | 36949 | SH |  | SOLE |  | 36948 | 0 | 0 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 10776355 | 214370 | SH |  | SOLE |  | 214369 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1814986 | 3976 | SH |  | SOLE |  | 3975 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2426299 | 16009 | SH |  | SOLE |  | 16008 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1472779 | 23153 | SH |  | SOLE |  | 23153 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1642036 | 19583 | SH |  | SOLE |  | 19583 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3931413 | 22615 | SH |  | SOLE |  | 22615 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 356680 | 4324 | SH |  | SOLE |  | 4324 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1391815 | 52660 | SH |  | SOLE |  | 52660 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 724669 | 9324 | SH |  | SOLE |  | 9324 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 808804 | 6999 | SH |  | SOLE |  | 6999 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 203245 | 9230 | SH |  | SOLE |  | 9230 | 0 | 0 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 3348283 | 66421 | SH |  | SOLE |  | 66421 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 4077632 | 36752 | SH |  | SOLE |  | 36751 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4471312 | 11692 | SH |  | SOLE |  | 11691 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 303916 | 874 | SH |  | SOLE |  | 874 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 924903 | 4198 | SH |  | SOLE |  | 4198 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1194816 | 12438 | SH |  | SOLE |  | 12438 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 291540 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 2018230 | 11326 | SH |  | SOLE |  | 11326 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 819907 | 5174 | SH |  | SOLE |  | 5174 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 582240 | 27477 | SH |  | SOLE |  | 27477 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1339030 | 33986 | SH |  | SOLE |  | 33985 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 546105 | 2476 | SH |  | SOLE |  | 2475 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1676017 | 7335 | SH |  | SOLE |  | 7335 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3600725 | 19931 | SH |  | SOLE |  | 19930 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1576195 | 11611 | SH |  | SOLE |  | 11611 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1343422 | 6269 | SH |  | SOLE |  | 6268 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 4659307 | 54977 | SH |  | SOLE |  | 54977 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 258750 | 7408 | SH |  | SOLE |  | 7407 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3805259 | 12047 | SH |  | SOLE |  | 12047 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1283838 | 5375 | SH |  | SOLE |  | 5374 | 0 | 0 |
| SPDR SER TR | ICE PFD SEC ETF | 78464A292 |  | 302304 | 9211 | SH |  | SOLE |  | 9210 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 983564 | 15851 | SH |  | SOLE |  | 15851 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1208006 | 7121 | SH |  | SOLE |  | 7121 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1529921 | 21424 | SH |  | SOLE |  | 21424 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 2280421 | 8967 | SH |  | SOLE |  | 8967 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 2212265 | 54610 | SH |  | SOLE |  | 54610 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 211945 | 989 | SH |  | SOLE |  | 989 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 3994774 | 124023 | SH |  | SOLE |  | 124022 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 5011424 | 110995 | SH |  | SOLE |  | 110995 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78464A847 |  | 4114069 | 96802 | SH |  | SOLE |  | 96801 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 1487166 | 29666 | SH |  | SOLE |  | 29666 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1224572 | 12939 | SH |  | SOLE |  | 12939 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1795018 | 5811 | SH |  | SOLE |  | 5811 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 2646578 | 111811 | SH |  | SOLE |  | 111811 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2004203 | 26655 | SH |  | SOLE |  | 26655 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1402151 | 15892 | SH |  | SOLE |  | 15892 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 3058743 | 157911 | SH |  | SOLE |  | 157911 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2291541 | 2715 | SH |  | SOLE |  | 2715 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 428971 | 1851 | SH |  | SOLE |  | 1851 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 3682024 | 73129 | SH |  | SOLE |  | 73128 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3409941 | 14219 | SH |  | SOLE |  | 14218 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 298755 | 2355 | SH |  | SOLE |  | 2355 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 4130832 | 44327 | SH |  | SOLE |  | 44326 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 741368 | 26851 | SH |  | SOLE |  | 26851 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 235322 | 1282 | SH |  | SOLE |  | 1282 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 367436 | 1803 | SH |  | SOLE |  | 1802 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1090279 | 13042 | SH |  | SOLE |  | 13041 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 401834 | 3434 | SH |  | SOLE |  | 3434 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 344496 | 7257 | SH |  | SOLE |  | 7257 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 1004062 | 5241 | SH |  | SOLE |  | 5241 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 2266808 | 40888 | SH |  | SOLE |  | 40887 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 4926956 | 74628 | SH |  | SOLE |  | 74628 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 261292 | 5045 | SH |  | SOLE |  | 5045 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 906672 | 11908 | SH |  | SOLE |  | 11907 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 340000 | 4526 | SH |  | SOLE |  | 4526 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 2209592 | 43850 | SH |  | SOLE |  | 43849 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 141669 | 22275 | SH |  | SOLE |  | 22275 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 989768 | 2817 | SH |  | SOLE |  | 2817 | 0 | 0 |
| GLOBAL X FDS | CLOUD COMPUTNG | 37954Y442 |  | 184601 | 11516 | SH |  | SOLE |  | 11516 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 205233 | 1015 | SH |  | SOLE |  | 1015 | 0 | 0 |
| PIMCO ETF TR | BROAD US TIPS | 72201R403 |  | 294573 | 5450 | SH |  | SOLE |  | 5450 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 247696 | 2599 | SH |  | SOLE |  | 2598 | 0 | 0 |
| SPDR SER TR | S 400 MDCP GRW | 78464A821 |  | 526902 | 8064 | SH |  | SOLE |  | 8064 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 242359 | 662 | SH |  | SOLE |  | 662 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1564448 | 5075 | SH |  | SOLE |  | 5075 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 208598 | 1980 | SH |  | SOLE |  | 1980 | 0 | 0 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 226881 | 10934 | SH |  | SOLE |  | 10934 | 0 | 0 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 249172 | 20747 | SH |  | SOLE |  | 20747 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1027390 | 9976 | SH |  | SOLE |  | 9975 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 2649547 | 36830 | SH |  | SOLE |  | 36829 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 3961643 | 78713 | SH |  | SOLE |  | 78713 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 698313 | 7355 | SH |  | SOLE |  | 7354 | 0 | 0 |
| GLOBAL X FDS | RATE PREFERRED | 37954Y376 |  | 384098 | 17071 | SH |  | SOLE |  | 17071 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 620002 | 9635 | SH |  | SOLE |  | 9634 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 112125 | 17465 | SH |  | SOLE |  | 17465 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 1213808 | 26589 | SH |  | SOLE |  | 26589 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 233046 | 1036 | SH |  | SOLE |  | 1035 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 415073 | 6480 | SH |  | SOLE |  | 6480 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 240655 | 1158 | SH |  | SOLE |  | 1158 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY ETF | 25434V401 |  | 271006 | 6513 | SH |  | SOLE |  | 6513 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 512446 | 7107 | SH |  | SOLE |  | 7107 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 1237174 | 29640 | SH |  | SOLE |  | 29640 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 1564613 | 7802 | SH |  | SOLE |  | 7802 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3785744 | 26970 | SH |  | SOLE |  | 26969 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 274488 | 1288 | SH |  | SOLE |  | 1288 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1639435 | 19333 | SH |  | SOLE |  | 19332 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 470409 | 3909 | SH |  | SOLE |  | 3909 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 234427 | 7002 | SH |  | SOLE |  | 7002 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 219553 | 788 | SH |  | SOLE |  | 788 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 396288 | 4368 | SH |  | SOLE |  | 4368 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 483411 | 7842 | SH |  | SOLE |  | 7842 | 0 | 0 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 |  | 407295 | 4332 | SH |  | SOLE |  | 4332 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1448691 | 5429 | SH |  | SOLE |  | 5429 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 207705 | 1069 | SH |  | SOLE |  | 1068 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 698330 | 8561 | SH |  | SOLE |  | 8561 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 |  | 372251 | 15472 | SH |  | SOLE |  | 15471 | 0 | 0 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 1052558 | 34635 | SH |  | SOLE |  | 34635 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1219426 | 8344 | SH |  | SOLE |  | 8344 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 3197799 | 64187 | SH |  | SOLE |  | 64187 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2065734 | 8526 | SH |  | SOLE |  | 8525 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 1545327 | 8906 | SH |  | SOLE |  | 8906 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 538145 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1690464 | 10460 | SH |  | SOLE |  | 10460 | 0 | 0 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 673473 | 11165 | SH |  | SOLE |  | 11165 | 0 | 0 |
| ISHARES TR | MSCI INDIA SM CP | 46429B614 |  | 419981 | 8114 | SH |  | SOLE |  | 8114 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 426376 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| ISHARES TR | 10+ YR INVST GRD | 464289511 |  | 328614 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 817512 | 5578 | SH |  | SOLE |  | 5578 | 0 | 0 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 |  | 234360 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 698064 | 8660 | SH |  | SOLE |  | 8659 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 268743 | 5679 | SH |  | SOLE |  | 5679 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1931707 | 7786 | SH |  | SOLE |  | 7785 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3080757 | 11690 | SH |  | SOLE |  | 11690 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2790590 | 58577 | SH |  | SOLE |  | 58576 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 200664 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 685850 | 10589 | SH |  | SOLE |  | 10589 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 257508 | 13987 | SH |  | SOLE |  | 13987 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 667604 | 8983 | SH |  | SOLE |  | 8982 | 0 | 0 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 535437 | 13015 | SH |  | SOLE |  | 13015 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US SC | 808524763 |  | 554099 | 11860 | SH |  | SOLE |  | 11860 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 997792 | 21891 | SH |  | SOLE |  | 21891 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1572150 | 10837 | SH |  | SOLE |  | 10837 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 793740 | 13568 | SH |  | SOLE |  | 13568 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2579395 | 6714 | SH |  | SOLE |  | 6713 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 444818 | 3832 | SH |  | SOLE |  | 3832 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 240695 | 1162 | SH |  | SOLE |  | 1162 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 2756560 | 90290 | SH |  | SOLE |  | 90290 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1309529 | 15798 | SH |  | SOLE |  | 15798 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 636602 | 1156 | SH |  | SOLE |  | 1156 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2858751 | 5876 | SH |  | SOLE |  | 5876 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2411367 | 17982 | SH |  | SOLE |  | 17981 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 286436 | 3777 | SH |  | SOLE |  | 3777 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 972079 | 19634 | SH |  | SOLE |  | 19634 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3792577 | 21130 | SH |  | SOLE |  | 21129 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2203530 | 52502 | SH |  | SOLE |  | 52502 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 701611 | 2643 | SH |  | SOLE |  | 2643 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 662299 | 4566 | SH |  | SOLE |  | 4565 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1634215 | 20530 | SH |  | SOLE |  | 20530 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2123255 | 15070 | SH |  | SOLE |  | 15070 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1369966 | 16760 | SH |  | SOLE |  | 16760 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 2722807 | 26980 | SH |  | SOLE |  | 26979 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 558696 | 3382 | SH |  | SOLE |  | 3381 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3075609 | 60024 | SH |  | SOLE |  | 60023 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 715324 | 5965 | SH |  | SOLE |  | 5965 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 279823 | 1168 | SH |  | SOLE |  | 1168 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1210501 | 13643 | SH |  | SOLE |  | 13642 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3164087 | 12047 | SH |  | SOLE |  | 12047 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 643265 | 6606 | SH |  | SOLE |  | 6605 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 268900 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| ISHARES TR | IBONDS MAR23 ETF | 46432FAZ0 |  | 999424 | 37707 | SH |  | SOLE |  | 37707 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 857456 | 7213 | SH |  | SOLE |  | 7212 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 1143678 | 16718 | SH |  | SOLE |  | 16718 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 271447 | 6810 | SH |  | SOLE |  | 6810 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 206179 | 1358 | SH |  | SOLE |  | 1357 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1308677 | 13493 | SH |  | SOLE |  | 13492 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 903125 | 18062 | SH |  | SOLE |  | 18062 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 CB | 46138J866 |  | 839200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 4022312 | 357539 | SH |  | SOLE |  | 357538 | 0 | 0 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 2248514 | 68994 | SH |  | SOLE |  | 68994 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 716202 | 7076 | SH |  | SOLE |  | 7076 | 0 | 0 |
| FIDELITY MERRIMACK STR TR | LTD TRM BD ETF | 316188200 |  | 1615954 | 33687 | SH |  | SOLE |  | 33686 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 841411 | 1947 | SH |  | SOLE |  | 1947 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1419052 | 19723 | SH |  | SOLE |  | 19722 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 239520 | 5240 | SH |  | SOLE |  | 5240 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 214620 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2044236 | 18533 | SH |  | SOLE |  | 18533 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1424455 | 7597 | SH |  | SOLE |  | 7597 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 625891 | 1460 | SH |  | SOLE |  | 1459 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1055493 | 13396 | SH |  | SOLE |  | 13396 | 0 | 0 |
| ISHARES INC | MSCI AUST ETF | 464286103 |  | 2016602 | 90715 | SH |  | SOLE |  | 90715 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1154549 | 8531 | SH |  | SOLE |  | 8530 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 1533201 | 23675 | SH |  | SOLE |  | 23675 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 894760 | 3699 | SH |  | SOLE |  | 3699 | 0 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 216959 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5641525 | 43420 | SH |  | SOLE |  | 43419 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2203408 | 20069 | SH |  | SOLE |  | 20069 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1434679 | 16513 | SH |  | SOLE |  | 16513 | 0 | 0 |

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