# EDGAR Filing Document

**Accession Number:** 0001602603
**File Stem:** 0001602603-23-000001
**Filing Date:** 2023-2
**Character Count:** 22079
**Document Hash:** 44528c7e5191472e6039bb4307448529
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001602603-23-000001.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001602603-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Family Firm, Inc.
- **CENTRAL INDEX KEY:** 0001602603
- **IRS NUMBER:** 521342887
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16435
- **FILM NUMBER:** 23596149

**BUSINESS ADDRESS:**
- **STREET 1:** 8120 WOODMONT AVE
- **STREET 2:** 630
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 301-656-3999

**MAIL ADDRESS:**
- **STREET 1:** 8120 WOODMONT AVE
- **STREET 2:** 630
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

### 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:** Family Firm Inc.<br>**Address:** 8120 WOODMONT AVE<br>630<br>BETHESDA, MD 20814

**Form 13F File Number:** 028-16435

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:** Chris Marks<br>**Title:** Compliance Analyst<br>**Phone:** 7202358230

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

Chris Marks  Westminster, CO  02-07-2023<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:** 179

**Form 13F Information Table Value Total:** $342029178

      (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 | Stock | 88579Y101 |  | 313931 | 2618 | SH |  | SOLE |  | 2617 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 392362 | 3574 | SH |  | SOLE |  | 3573 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 745969 | 4616 | SH |  | SOLE |  | 4615 | 0 | 0 |
| ABRDN ASIA PACIFIC INCOME FUND COM | CEF | 003009107 |  | 1563707 | 594565 | SH |  | SOLE |  | 594565 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 291656 | 1093 | SH |  | SOLE |  | 1093 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 226695 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| AFLAC INC COM | Stock | 001055102 |  | 2596577 | 36094 | SH |  | SOLE |  | 36093 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 1662783 | 18846 | SH |  | SOLE |  | 18846 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 1376995 | 15519 | SH |  | SOLE |  | 15518 | 0 | 0 |
| ALTRIA GROUP INC COM | Stock | 02209S103 |  | 218048 | 4770 | SH |  | SOLE |  | 4770 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 557755 | 6640 | SH |  | SOLE |  | 6639 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 331205 | 1261 | SH |  | SOLE |  | 1261 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 5265495 | 40526 | SH |  | SOLE |  | 40525 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 213834 | 2196 | SH |  | SOLE |  | 2195 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC COM | Stock | 053015103 |  | 377552 | 1581 | SH |  | SOLE |  | 1580 | 0 | 0 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 376599 | 1481 | SH |  | SOLE |  | 1480 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 847676 | 33525 | SH |  | SOLE |  | 33525 | 0 | 0 |
| BLACKROCK CORE BD TR SHS BEN INT | CEF | 09249E101 |  | 2060198 | 198478 | SH |  | SOLE |  | 198477 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 511336 | 2684 | SH |  | SOLE |  | 2684 | 0 | 0 |
| CABLE ONE INC COM | Stock | 12685J105 |  | 291863 | 410 | SH |  | SOLE |  | 410 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 443147 | 2469 | SH |  | SOLE |  | 2468 | 0 | 0 |
| CIGNA CORP NEW COM | Stock | 125523100 |  | 416377 | 1257 | SH |  | SOLE |  | 1256 | 0 | 0 |
| CINCINNATI FINL CORP COM | Stock | 172062101 |  | 525447 | 5132 | SH |  | SOLE |  | 5131 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 470729 | 9881 | SH |  | SOLE |  | 9880 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 311380 | 4895 | SH |  | SOLE |  | 4895 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 569751 | 4828 | SH |  | SOLE |  | 4828 | 0 | 0 |
| CONSOLIDATED EDISON INC COM | Stock | 209115104 |  | 241542 | 2534 | SH |  | SOLE |  | 2534 | 0 | 0 |
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND | ETF | 81369Y407 |  | 683429 | 5291 | SH |  | SOLE |  | 5291 | 0 | 0 |
| CONSUMER STAPLES SELECT SECTOR SPDR FUND | ETF | 81369Y308 |  | 282572 | 3790 | SH |  | SOLE |  | 3790 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 742557 | 1627 | SH |  | SOLE |  | 1626 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 261258 | 2803 | SH |  | SOLE |  | 2803 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 251065 | 2890 | SH |  | SOLE |  | 2889 | 0 | 0 |
| ELEVANCE HEALTH INC COM | Stock | 036752103 |  | 315365 | 615 | SH |  | SOLE |  | 614 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 695521 | 7240 | SH |  | SOLE |  | 7240 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 1635470 | 18697 | SH |  | SOLE |  | 18697 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 1101256 | 9984 | SH |  | SOLE |  | 9984 | 0 | 0 |
| FASTENAL CO COM | Stock | 311900104 |  | 231605 | 4894 | SH |  | SOLE |  | 4894 | 0 | 0 |
| FLAHERTY  CRUMRINE PFD SECS I COM | CEF | 338478100 |  | 1884874 | 125491 | SH |  | SOLE |  | 125490 | 0 | 0 |
| GLOBAL PMTS INC COM | Stock | 37940X102 |  | 709434 | 7143 | SH |  | SOLE |  | 7142 | 0 | 0 |
| GRAHAM HLDGS CO COM CL B | Stock | 384637104 |  | 262831 | 435 | SH |  | SOLE |  | 435 | 0 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | ETF | 81369Y209 |  | 287658 | 2117 | SH |  | SOLE |  | 2117 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 510728 | 1617 | SH |  | SOLE |  | 1616 | 0 | 0 |
| INDUSTRIAL SELECT SECTOR SPDR FUND | ETF | 81369Y704 |  | 221970 | 2260 | SH |  | SOLE |  | 2260 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 940289 | 6674 | SH |  | SOLE |  | 6673 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 289381 | 743 | SH |  | SOLE |  | 743 | 0 | 0 |
| INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF | ETF | 46137V563 |  | 217990 | 10536 | SH |  | SOLE |  | 10536 | 0 | 0 |
| INVESCO SOLAR ETF | ETF | 46138G706 |  | 707555 | 9701 | SH |  | SOLE |  | 9700 | 0 | 0 |
| INVESCO WILDERHILL CLEAN ENERGY ETF | ETF | 46137V134 |  | 2254883 | 58828 | SH |  | SOLE |  | 58828 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS BOND ETF | ETF | 46429B747 |  | 11896304 | 122693 | SH |  | SOLE |  | 122692 | 0 | 0 |
| ISHARES 1-3 YEAR INTERNATIONAL TREASURY BOND ETF | ETF | 464288125 |  | 1090722 | 15674 | SH |  | SOLE |  | 15673 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 2256836 | 27804 | SH |  | SOLE |  | 27803 | 0 | 0 |
| ISHARES 20 YEAR TREASURY BOND ETF | ETF | 464287432 |  | 883320 | 8872 | SH |  | SOLE |  | 8872 | 0 | 0 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | ETF | 464287440 |  | 1790937 | 18698 | SH |  | SOLE |  | 18698 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 1382365 | 10529 | SH |  | SOLE |  | 10529 | 0 | 0 |
| ISHARES COHEN  STEERS REIT ETF | ETF | 464287564 |  | 2667223 | 48636 | SH |  | SOLE |  | 48636 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 10256303 | 26695 | SH |  | SOLE |  | 26694 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 1461297 | 6041 | SH |  | SOLE |  | 6041 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 3053944 | 32269 | SH |  | SOLE |  | 32269 | 0 | 0 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 1403911 | 17222 | SH |  | SOLE |  | 17221 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 4603523 | 47464 | SH |  | SOLE |  | 47463 | 0 | 0 |
| ISHARES EUROPE ETF | ETF | 464287861 |  | 2874379 | 63466 | SH |  | SOLE |  | 63466 | 0 | 0 |
| ISHARES EXPANDED TECH SECTOR ETF | ETF | 464287549 |  | 940940 | 3360 | SH |  | SOLE |  | 3360 | 0 | 0 |
| ISHARES GLOBAL COMM SERVICES ETF | ETF | 464287275 |  | 380563 | 6988 | SH |  | SOLE |  | 6987 | 0 | 0 |
| ISHARES GLOBAL ENERGY ETF | ETF | 464287341 |  | 4349707 | 111560 | SH |  | SOLE |  | 111559 | 0 | 0 |
| ISHARES GLOBAL FINANCIALS ETF | ETF | 464287333 |  | 401311 | 5710 | SH |  | SOLE |  | 5710 | 0 | 0 |
| ISHARES GLOBAL HEALTHCARE ETF | ETF | 464287325 |  | 1447377 | 17052 | SH |  | SOLE |  | 17052 | 0 | 0 |
| ISHARES GLOBAL UTILITIES ETF | ETF | 464288711 |  | 379081 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF | ETF | 464288489 |  | 1881053 | 89319 | SH |  | SOLE |  | 89318 | 0 | 0 |
| ISHARES INTERNATIONAL TREASURY BOND ETF | ETF | 464288117 |  | 5269898 | 134608 | SH |  | SOLE |  | 134607 | 0 | 0 |
| ISHARES JPX-NIKKEI 400 ETF | ETF | 464287382 |  | 773119 | 13257 | SH |  | SOLE |  | 13257 | 0 | 0 |
| ISHARES LATIN AMERICA 40 ETF | ETF | 464287390 |  | 644848 | 28172 | SH |  | SOLE |  | 28171 | 0 | 0 |
| ISHARES MICRO-CAP ETF | ETF | 464288869 |  | 1393392 | 12922 | SH |  | SOLE |  | 12922 | 0 | 0 |
| ISHARES MSCI AUSTRALIA ETF | ETF | 464286103 |  | 349291 | 15713 | SH |  | SOLE |  | 15712 | 0 | 0 |
| ISHARES MSCI BRAZIL ETF | ETF | 464286400 |  | 671109 | 23994 | SH |  | SOLE |  | 23993 | 0 | 0 |
| ISHARES MSCI CANADA ETF | ETF | 464286509 |  | 1043801 | 31891 | SH |  | SOLE |  | 31891 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 3751977 | 57160 | SH |  | SOLE |  | 57159 | 0 | 0 |
| ISHARES MSCI EAFE GROWTH ETF | ETF | 464288885 |  | 210723 | 2516 | SH |  | SOLE |  | 2515 | 0 | 0 |
| ISHARES MSCI EAFE SMALL-CAP ETF | ETF | 464288273 |  | 1224483 | 21680 | SH |  | SOLE |  | 21679 | 0 | 0 |
| ISHARES MSCI EAFE VALUE ETF | ETF | 464288877 |  | 474676 | 10346 | SH |  | SOLE |  | 10346 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 1343510 | 35449 | SH |  | SOLE |  | 35448 | 0 | 0 |
| ISHARES MSCI GLOBAL GOLD MINERS ETF | ETF | 46434G855 |  | 819987 | 36721 | SH |  | SOLE |  | 36721 | 0 | 0 |
| ISHARES MSCI GLOBAL METALS  MINING PRODUCERS ETF | ETF | 46434G848 |  | 1429810 | 34873 | SH |  | SOLE |  | 34873 | 0 | 0 |
| ISHARES MSCI PACIFIC EX-JAPAN ETF | ETF | 464286665 |  | 227265 | 5311 | SH |  | SOLE |  | 5311 | 0 | 0 |
| ISHARES MSCI UNITED KINGDOM ETF | ETF | 46435G334 |  | 399835 | 13041 | SH |  | SOLE |  | 13040 | 0 | 0 |
| ISHARES NORTH AMERICAN NATURAL RESOURCES ETF | ETF | 464287374 |  | 10075433 | 247797 | SH |  | SOLE |  | 247797 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF | ETF | 464287622 |  | 2429879 | 11542 | SH |  | SOLE |  | 11542 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 286534 | 1337 | SH |  | SOLE |  | 1337 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 1040995 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| ISHARES RUSSELL 2000 GROWTH ETF | ETF | 464287648 |  | 353583 | 1648 | SH |  | SOLE |  | 1648 | 0 | 0 |
| ISHARES RUSSELL 2000 VALUE ETF | ETF | 464287630 |  | 1283968 | 9259 | SH |  | SOLE |  | 9259 | 0 | 0 |
| ISHARES RUSSELL 3000 ETF | ETF | 464287689 |  | 48145826 | 218170 | SH |  | SOLE |  | 218170 | 0 | 0 |
| ISHARES S 500 GROWTH ETF | ETF | 464287309 |  | 3245840 | 55484 | SH |  | SOLE |  | 55484 | 0 | 0 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 1495084 | 10306 | SH |  | SOLE |  | 10305 | 0 | 0 |
| ISHARES S MID-CAP 400 GROWTH ETF | ETF | 464287606 |  | 1027707 | 15047 | SH |  | SOLE |  | 15046 | 0 | 0 |
| ISHARES S MID-CAP 400 VALUE ETF | ETF | 464287705 |  | 2106191 | 20895 | SH |  | SOLE |  | 20894 | 0 | 0 |
| ISHARES S SMALL-CAP 600 GROWTH ETF | ETF | 464287887 |  | 1916008 | 17729 | SH |  | SOLE |  | 17729 | 0 | 0 |
| ISHARES S SMALL-CAP 600 VALUE ETF | ETF | 464287879 |  | 6415057 | 70256 | SH |  | SOLE |  | 70255 | 0 | 0 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 9346594 | 87810 | SH |  | SOLE |  | 87810 | 0 | 0 |
| ISHARES U.S. BASIC MATERIALS ETF | ETF | 464287838 |  | 410220 | 3288 | SH |  | SOLE |  | 3287 | 0 | 0 |
| ISHARES U.S. CONSUMER DISCRETIONARY ETF | ETF | 464287580 |  | 253995 | 4459 | SH |  | SOLE |  | 4459 | 0 | 0 |
| ISHARES U.S. CONSUMER STAPLES ETF | ETF | 464287812 |  | 421236 | 2077 | SH |  | SOLE |  | 2077 | 0 | 0 |
| ISHARES U.S. ENERGY ETF | ETF | 464287796 |  | 727121 | 15640 | SH |  | SOLE |  | 15640 | 0 | 0 |
| ISHARES U.S. HEALTHCARE ETF | ETF | 464287762 |  | 231775 | 817 | SH |  | SOLE |  | 816 | 0 | 0 |
| ISHARES U.S. HOME CONSTRUCTION ETF | ETF | 464288752 |  | 857893 | 14155 | SH |  | SOLE |  | 14155 | 0 | 0 |
| ISHARES U.S. INDUSTRIALS ETF | ETF | 464287754 |  | 214508 | 2224 | SH |  | SOLE |  | 2223 | 0 | 0 |
| ISHARES U.S. PHARMACEUTICALS ETF | ETF | 464288836 |  | 644948 | 3465 | SH |  | SOLE |  | 3465 | 0 | 0 |
| ISHARES U.S. REGIONAL BANKS ETF | ETF | 464288778 |  | 880723 | 18487 | SH |  | SOLE |  | 18487 | 0 | 0 |
| ISHARES U.S. TELECOMMUNICATIONS ETF | ETF | 464287713 |  | 325120 | 14495 | SH |  | SOLE |  | 14494 | 0 | 0 |
| ISHARES U.S. TREASURY BOND ETF | ETF | 46429B267 |  | 677169 | 29805 | SH |  | SOLE |  | 29804 | 0 | 0 |
| ISHARES U.S. UTILITIES ETF | ETF | 464287697 |  | 1881782 | 21745 | SH |  | SOLE |  | 21744 | 0 | 0 |
| ISHARES US FINANCIAL SERVICES ETF | ETF | 464287770 |  | 2060449 | 13081 | SH |  | SOLE |  | 13080 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 561718 | 3180 | SH |  | SOLE |  | 3179 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 575322 | 4290 | SH |  | SOLE |  | 4290 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 402173 | 2963 | SH |  | SOLE |  | 2962 | 0 | 0 |
| LAM RESEARCH CORP COM | Stock | 512807108 |  | 449649 | 1070 | SH |  | SOLE |  | 1069 | 0 | 0 |
| LILLY ELI  CO COM | Stock | 532457108 |  | 370694 | 1013 | SH |  | SOLE |  | 1013 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 370213 | 1858 | SH |  | SOLE |  | 1858 | 0 | 0 |
| MARATHON PETE CORP COM | Stock | 56585A102 |  | 324666 | 2789 | SH |  | SOLE |  | 2789 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | Stock | 571903202 |  | 385937 | 2592 | SH |  | SOLE |  | 2592 | 0 | 0 |
| MARTIN MARIETTA MATLS INC COM | Stock | 573284106 |  | 211289 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 284121 | 1078 | SH |  | SOLE |  | 1078 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 433475 | 1156 | SH |  | SOLE |  | 1155 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 715051 | 6445 | SH |  | SOLE |  | 6444 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 1537777 | 6412 | SH |  | SOLE |  | 6412 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 330525 | 606 | SH |  | SOLE |  | 605 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME FD COM SHS | CEF | 67073D102 |  | 339420 | 66684 | SH |  | SOLE |  | 66683 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 1114379 | 7625 | SH |  | SOLE |  | 7625 | 0 | 0 |
| OLD DOMINION FREIGHT LINE INC COM | Stock | 679580100 |  | 318364 | 1122 | SH |  | SOLE |  | 1121 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 238891 | 2923 | SH |  | SOLE |  | 2922 | 0 | 0 |
| PAYCHEX INC COM | Stock | 704326107 |  | 587479 | 5084 | SH |  | SOLE |  | 5083 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 907276 | 5022 | SH |  | SOLE |  | 5022 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 714295 | 13940 | SH |  | SOLE |  | 13940 | 0 | 0 |
| PIMCO ACTIVE BOND ETF | ETF | 72201R775 |  | 1955214 | 21609 | SH |  | SOLE |  | 21609 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | Stock | 693475105 |  | 277538 | 1757 | SH |  | SOLE |  | 1757 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 1152613 | 7605 | SH |  | SOLE |  | 7604 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 348971 | 3458 | SH |  | SOLE |  | 3457 | 0 | 0 |
| ROYCE MICRO-CAP TR INC COM | CEF | 780915104 |  | 2226566 | 256517 | SH |  | SOLE |  | 256516 | 0 | 0 |
| SANDY SPRING BANCORP INC COM | Stock | 800363103 |  | 260238 | 7387 | SH |  | SOLE |  | 7386 | 0 | 0 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 242737 | 7536 | SH |  | SOLE |  | 7536 | 0 | 0 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 4701226 | 104915 | SH |  | SOLE |  | 104914 | 0 | 0 |
| SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 |  | 3077993 | 75981 | SH |  | SOLE |  | 75981 | 0 | 0 |
| SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF | ETF | 78467V848 |  | 4649563 | 116123 | SH |  | SOLE |  | 116122 | 0 | 0 |
| SPDR FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF | ETF | 78464A490 |  | 4411719 | 107081 | SH |  | SOLE |  | 107080 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 408125 | 1067 | SH |  | SOLE |  | 1067 | 0 | 0 |
| SPDR S BIOTECH ETF | ETF | 78464A870 |  | 417822 | 5034 | SH |  | SOLE |  | 5034 | 0 | 0 |
| SPDR S METALS  MINING ETF | ETF | 78464A755 |  | 1047384 | 21028 | SH |  | SOLE |  | 21027 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 255860 | 2579 | SH |  | SOLE |  | 2579 | 0 | 0 |
| SYSCO CORP COM | Stock | 871829107 |  | 203291 | 2659 | SH |  | SOLE |  | 2659 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 486490 | 3909 | SH |  | SOLE |  | 3909 | 0 | 0 |
| TEMPLETON EMERGING MKTS FD COM | CEF | 880191101 |  | 2037231 | 178392 | SH |  | SOLE |  | 178391 | 0 | 0 |
| TEMPLETON GLOBAL INCOME FD COM | CEF | 880198106 |  | 3112924 | 718920 | SH |  | SOLE |  | 718920 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 398185 | 2410 | SH |  | SOLE |  | 2410 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 238682 | 1153 | SH |  | SOLE |  | 1152 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 350907 | 662 | SH |  | SOLE |  | 661 | 0 | 0 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 253853 | 8857 | SH |  | SOLE |  | 8857 | 0 | 0 |
| VANECK IG FLOATING RATE ETF | ETF | 92189F486 |  | 6584495 | 264650 | SH |  | SOLE |  | 264650 | 0 | 0 |
| VANGUARD ENERGY ETF | ETF | 92204A306 |  | 3101267 | 25571 | SH |  | SOLE |  | 25571 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF | ETF | 922042718 |  | 3479528 | 33844 | SH |  | SOLE |  | 33844 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 25705730 | 612479 | SH |  | SOLE |  | 612478 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 4097009 | 105105 | SH |  | SOLE |  | 105105 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 698184 | 12594 | SH |  | SOLE |  | 12593 | 0 | 0 |
| VANGUARD HEALTH CARE ETF | ETF | 92204A504 |  | 262362 | 1058 | SH |  | SOLE |  | 1057 | 0 | 0 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 348567 | 1710 | SH |  | SOLE |  | 1710 | 0 | 0 |
| VANGUARD MID-CAP GROWTH ETF | ETF | 922908538 |  | 249875 | 1390 | SH |  | SOLE |  | 1390 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 4766651 | 57792 | SH |  | SOLE |  | 57791 | 0 | 0 |
| VANGUARD RUSSELL 3000 ETF | ETF | 92206C599 |  | 6770700 | 39422 | SH |  | SOLE |  | 39421 | 0 | 0 |
| VANGUARD S 500 VALUE ETF | ETF | 921932703 |  | 4097365 | 29254 | SH |  | SOLE |  | 29254 | 0 | 0 |
| VANGUARD SMALL CAP VALUE ETF | ETF | 922908611 |  | 1373827 | 8651 | SH |  | SOLE |  | 8651 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 1091365 | 5946 | SH |  | SOLE |  | 5946 | 0 | 0 |
| VANGUARD SMALL-CAP GROWTH ETF | ETF | 922908595 |  | 352337 | 1757 | SH |  | SOLE |  | 1756 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | ETF | 921937835 |  | 20236944 | 281695 | SH |  | SOLE |  | 281694 | 0 | 0 |
| VANGUARD TOTAL INTERNATIONAL STOCK ETF | ETF | 921909768 |  | 213678 | 4131 | SH |  | SOLE |  | 4131 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 1258152 | 6581 | SH |  | SOLE |  | 6580 | 0 | 0 |
| VANGUARD TOTAL WORLD STOCK ETF | ETF | 922042742 |  | 514763 | 5972 | SH |  | SOLE |  | 5972 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 281942 | 1357 | SH |  | SOLE |  | 1357 | 0 | 0 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 233030 | 5644 | SH |  | SOLE |  | 5643 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD SHS | Stock | G96629103 |  | 415297 | 1698 | SH |  | SOLE |  | 1698 | 0 | 0 |
| YUM BRANDS INC COM | Stock | 988498101 |  | 335506 | 2620 | SH |  | SOLE |  | 2619 | 0 | 0 |

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