# EDGAR Filing Document

**Accession Number:** 0001550057
**File Stem:** 0001085146-25-005926
**Filing Date:** 2025-10
**Character Count:** 30993
**Document Hash:** 386e33c8cb4b96e84b0a5cb08b135042
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005926.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001085146-25-005926

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**EFFECTIVENESS DATE**: 20251014

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goelzer Investment Management, Inc.
- **CENTRAL INDEX KEY:** 0001550057

**ORGANIZATION NAME:**
- **EIN:** 352030275
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14976
- **FILM NUMBER:** 251389828

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EAST MAIN STREET
- **STREET 2:** SUITE 110
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** 317-264-2600

**MAIL ADDRESS:**
- **STREET 1:** 10 EAST MAIN STREET
- **STREET 2:** SUITE 110
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Goelzer Investment Management Inc.<br>**Address:** 10 EAST MAIN STREET<br>SUITE 110<br>CARMEL, IN 46032

**Form 13F File Number:** 028-14976

**CRD Number (if applicable):** 000044402

**SEC File Number (if applicable):** 801-55588

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:** Brandon Watson<br>**Title:** Chief Compliance Officer<br>**Phone:** 317-264-2606

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

/s/  Brandon Watson  Indianapolis, IN  10-14-2025<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:** 247

**Form 13F Information Table Value Total:** $1887004744

      (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 | 88579Y101 | BBG001S5T7X2 | 678913 | 4375 | SH |  | SOLE |  | 0 | 0 | 4375 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 1011381 | 7551 | SH |  | SOLE |  | 0 | 0 | 7551 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 14049972 | 60681 | SH |  | SOLE |  | 6007 | 0 | 54674 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 1926875 | 7814 | SH |  | SOLE |  | 0 | 0 | 7814 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 6192879 | 17556 | SH |  | SOLE |  | 0 | 0 | 17556 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 328111 | 2028 | SH |  | SOLE |  | 0 | 0 | 2028 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 384695 | 3444 | SH |  | SOLE |  | 0 | 0 | 3444 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 5490171 | 20131 | SH |  | SOLE |  | 2156 | 0 | 17975 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 2618633 | 10772 | SH |  | SOLE |  | 0 | 0 | 10772 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 23247644 | 95453 | SH |  | SOLE |  | 0 | 0 | 95453 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 11536867 | 52543 | SH |  | SOLE |  | 0 | 0 | 52543 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 8379583 | 74485 | SH |  | SOLE |  | 10728 | 0 | 63757 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 4594105 | 13831 | SH |  | SOLE |  | 0 | 0 | 13831 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 1681306 | 21407 | SH |  | SOLE |  | 0 | 0 | 21407 |
| AMERICAN RES CORP | CL A | 02927U208 | BBG005VQ4CN0 | 36510 | 13522 | SH |  | SOLE |  | 0 | 0 | 13522 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 481954 | 2506 | SH |  | SOLE |  | 0 | 0 | 2506 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 293206 | 1039 | SH |  | SOLE |  | 0 | 0 | 1039 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 10283700 | 41855 | SH |  | SOLE |  | 4624 | 0 | 37231 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 494220 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFL2 | 4614616 | 34626 | SH |  | SOLE |  | 0 | 0 | 34626 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 37585254 | 147607 | SH |  | SOLE |  | 4346 | 0 | 143261 |
| APTIV PLC | COM SHS | G3265R107 | BBG01R914M77 | 3330765 | 38631 | SH |  | SOLE |  | 0 | 0 | 38631 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | BBG001T51KQ0 | 7078592 | 48580 | SH |  | SOLE |  | 0 | 0 | 48580 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 265496 | 274 | SH |  | SOLE |  | 0 | 0 | 274 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 6292222 | 82015 | SH |  | SOLE |  | 11683 | 0 | 70332 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 1280347 | 4362 | SH |  | SOLE |  | 0 | 0 | 4362 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 11699385 | 226776 | SH |  | SOLE |  | 24982 | 0 | 201794 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 4525200 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 7347294 | 14615 | SH |  | SOLE |  | 0 | 0 | 14615 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 3888232 | 3335 | SH |  | SOLE |  | 414 | 0 | 2921 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 628713 | 2913 | SH |  | SOLE |  | 0 | 0 | 2913 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 7062267 | 1308 | SH |  | SOLE |  | 0 | 0 | 1308 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 412389 | 9381 | SH |  | SOLE |  | 0 | 0 | 9381 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 3447511 | 35312 | SH |  | SOLE |  | 0 | 0 | 35312 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 229470 | 6659 | SH |  | SOLE |  | 0 | 0 | 6659 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 5473706 | 121368 | SH |  | SOLE |  | 18963 | 0 | 102405 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 35565787 | 107805 | SH |  | SOLE |  | 6547 | 0 | 101258 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 1648377 | 27611 | SH |  | SOLE |  | 0 | 0 | 27611 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 11601472 | 24314 | SH |  | SOLE |  | 1064 | 0 | 23250 |
| CHART INDS INC | COM | 16115Q308 | BBG001SQV7W4 | 319240 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 12950357 | 83395 | SH |  | SOLE |  | 7807 | 0 | 75588 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 490556 | 1738 | SH |  | SOLE |  | 0 | 0 | 1738 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 8367417 | 122295 | SH |  | SOLE |  | 15420 | 0 | 106875 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 8132139 | 152975 | SH |  | SOLE |  | 21173 | 0 | 131802 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 5339462 | 80511 | SH |  | SOLE |  | 11135 | 0 | 69376 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 201929 | 2526 | SH |  | SOLE |  | 0 | 0 | 2526 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 414494 | 4382 | SH |  | SOLE |  | 0 | 0 | 4382 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 5160344 | 62908 | SH |  | SOLE |  | 9035 | 0 | 53873 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 4410699 | 65218 | SH |  | SOLE |  | 0 | 0 | 65218 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 9301663 | 10049 | SH |  | SOLE |  | 0 | 0 | 10049 |
| CRANE COMPANY | COMMON STOCK | 224408104 | BBG016G0L0V9 | 451328 | 2451 | SH |  | SOLE |  | 0 | 0 | 2451 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 852771 | 1739 | SH |  | SOLE |  | 0 | 0 | 1739 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 340648 | 9593 | SH |  | SOLE |  | 0 | 0 | 9593 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 1264999 | 2995 | SH |  | SOLE |  | 0 | 0 | 2995 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 352072 | 4670 | SH |  | SOLE |  | 0 | 0 | 4670 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 214303 | 1081 | SH |  | SOLE |  | 0 | 0 | 1081 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 | BBG001S9Z3V8 | 731301 | 15754 | SH |  | SOLE |  | 0 | 0 | 15754 |
| DICKS SPORTING GOODS INC | COM | 253393102 | BBG001SK2651 | 268887 | 1210 | SH |  | SOLE |  | 0 | 0 | 1210 |
| DIGI INTL INC | COM | 253798102 | BBG001S5Z4V4 | 851341 | 23350 | SH |  | SOLE |  | 0 | 0 | 23350 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 832591 | 4816 | SH |  | SOLE |  | 0 | 0 | 4816 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 3281144 | 28656 | SH |  | SOLE |  | 0 | 0 | 28656 |
| EASTMAN CHEM CO | COM | 277432100 | BBG001S7JNP3 | 1289562 | 20453 | SH |  | SOLE |  | 3057 | 0 | 17396 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 18465153 | 49339 | SH |  | SOLE |  | 3921 | 0 | 45418 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 690675 | 2522 | SH |  | SOLE |  | 0 | 0 | 2522 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 339923 | 1052 | SH |  | SOLE |  | 0 | 0 | 1052 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 415447426 | 544492 | SH |  | SOLE |  | 0 | 0 | 544492 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 988835 | 7538 | SH |  | SOLE |  | 0 | 0 | 7538 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 10399471 | 206093 | SH |  | SOLE |  | 27990 | 0 | 178103 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 9750097 | 104626 | SH |  | SOLE |  | 15613 | 0 | 89013 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 2539799 | 22653 | SH |  | SOLE |  | 3545 | 0 | 19108 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 2792251 | 3565 | SH |  | SOLE |  | 0 | 0 | 3565 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 18040910 | 160008 | SH |  | SOLE |  | 15079 | 0 | 144929 |
| FARMERS  MERCHANTS BANCORP | COM | 30779N105 | BBG001S8HL40 | 689376 | 27564 | SH |  | SOLE |  | 0 | 0 | 27564 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 551700 | 11250 | SH |  | SOLE |  | 0 | 0 | 11250 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 4500352 | 101018 | SH |  | SOLE |  | 10638 | 0 | 90380 |
| FIRST MERCHANTS CORP | COM | 320817109 | BBG001S5NNS9 | 255041 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| FIRST SOLAR INC | COM | 336433107 | BBG001S991Z7 | 531037 | 2408 | SH |  | SOLE |  | 0 | 0 | 2408 |
| FRANKLIN ELEC INC | COM | 353514102 | BBG001S5R3W4 | 672112 | 7060 | SH |  | SOLE |  | 0 | 0 | 7060 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 3073795 | 78373 | SH |  | SOLE |  | 0 | 0 | 78373 |
| GATX CORP | COM | 361448103 | BBG001S5RM34 | 4583731 | 26223 | SH |  | SOLE |  | 3785 | 0 | 22438 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 260811 | 867 | SH |  | SOLE |  | 0 | 0 | 867 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 2653740 | 7782 | SH |  | SOLE |  | 0 | 0 | 7782 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 7330969 | 259045 | SH |  | SOLE |  | 33264 | 0 | 225781 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 | BBG00BDMWQF3 | 368058 | 8953 | SH |  | SOLE |  | 0 | 0 | 8953 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 | BBG00B0SKXY1 | 816856 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG001S8KZF3 | 4303464 | 23694 | SH |  | SOLE |  | 2907 | 0 | 20787 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 5594451 | 13807 | SH |  | SOLE |  | 1515 | 0 | 12292 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 5030120 | 23896 | SH |  | SOLE |  | 0 | 0 | 23896 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 | BBG001V0PDL3 | 575820 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| INGREDION INC | COM | 457187102 | BBG001SBH4X9 | 5236195 | 42881 | SH |  | SOLE |  | 6097 | 0 | 36784 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 8132870 | 28824 | SH |  | SOLE |  | 4116 | 0 | 24708 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 | BBG001S6RLK5 | 5757517 | 206289 | SH |  | SOLE |  | 29622 | 0 | 176667 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 484798 | 1084 | SH |  | SOLE |  | 0 | 0 | 1084 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1672631 | 2786 | SH |  | SOLE |  | 0 | 0 | 2786 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 895188 | 4713 | SH |  | SOLE |  | 0 | 0 | 4713 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 | BBG00TZR7YF0 | 1055435 | 10481 | SH |  | SOLE |  | 0 | 0 | 10481 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 | BBG001SSD830 | 16591375 | 161097 | SH |  | SOLE |  | 16794 | 0 | 144303 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 | BBG001S8MLN3 | 1466171 | 16406 | SH |  | SOLE |  | 0 | 0 | 16406 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 725260 | 7519 | SH |  | SOLE |  | 0 | 0 | 7519 |
| ISHARES TR | AGENCY BOND ETF | 464288166 | BBG001T2RRQ4 | 1069375 | 9689 | SH |  | SOLE |  | 0 | 0 | 9689 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 534163 | 6118 | SH |  | SOLE |  | 0 | 0 | 6118 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 72395198 | 1109335 | SH |  | SOLE |  | 56469 | 0 | 1052866 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 19316141 | 162553 | SH |  | SOLE |  | 0 | 0 | 162553 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 408986 | 2808 | SH |  | SOLE |  | 0 | 0 | 2808 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 172225236 | 257321 | SH |  | SOLE |  | 38107 | 0 | 219214 |
| ISHARES TR | EXPANDED TECH | 464287515 | BBG001S7W2J1 | 744115 | 6470 | SH |  | SOLE |  | 0 | 0 | 6470 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 13538746 | 255304 | SH |  | SOLE |  | 0 | 0 | 255304 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 6073218 | 112280 | SH |  | SOLE |  | 0 | 0 | 112280 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 | BBG001T2V2D8 | 610536 | 6693 | SH |  | SOLE |  | 0 | 0 | 6693 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 213702 | 1546 | SH |  | SOLE |  | 0 | 0 | 1546 |
| ISHARES TR | MSCI ACWI EX US | 464288240 | BBG001S56R18 | 6467260 | 99481 | SH |  | SOLE |  | 0 | 0 | 99481 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 1932013 | 20692 | SH |  | SOLE |  | 0 | 0 | 20692 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 843547 | 4337 | SH |  | SOLE |  | 0 | 0 | 4337 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 220328 | 2069 | SH |  | SOLE |  | 0 | 0 | 2069 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 3711192 | 7923 | SH |  | SOLE |  | 0 | 0 | 7923 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 10868542 | 53384 | SH |  | SOLE |  | 0 | 0 | 53384 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 287241 | 2017 | SH |  | SOLE |  | 0 | 0 | 2017 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 2025355 | 14501 | SH |  | SOLE |  | 0 | 0 | 14501 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 2446674 | 25341 | SH |  | SOLE |  | 0 | 0 | 25341 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 450772 | 1863 | SH |  | SOLE |  | 0 | 0 | 1863 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 6542196 | 54193 | SH |  | SOLE |  | 0 | 0 | 54193 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 231085 | 1119 | SH |  | SOLE |  | 0 | 0 | 1119 |
| ISHARES TR | S MC 400GR ETF | 464287606 | BBG001SFQL08 | 6360511 | 66331 | SH |  | SOLE |  | 0 | 0 | 66331 |
| ISHARES TR | S MC 400VL ETF | 464287705 | BBG001SFQJM9 | 4484390 | 34570 | SH |  | SOLE |  | 0 | 0 | 34570 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 | BBG001SFQL26 | 2058598 | 18615 | SH |  | SOLE |  | 0 | 0 | 18615 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 | BBG016CBQVP3 | 319385 | 4343 | SH |  | SOLE |  | 0 | 0 | 4343 |
| J P MORGAN EXCHANGE TRADED F | MORTGAGE BACKED | 46654Q575 | BBG01VGCNZQ5 | 39631805 | 777115 | SH |  | SOLE |  | 17982 | 0 | 759133 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 | BBG00M8D2458 | 6224022 | 121944 | SH |  | SOLE |  | 0 | 0 | 121944 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 | BBG00LYBQSH3 | 14261176 | 312266 | SH |  | SOLE |  | 27824 | 0 | 284442 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 4246813 | 83632 | SH |  | SOLE |  | 8836 | 0 | 74796 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 10280101 | 55442 | SH |  | SOLE |  | 6435 | 0 | 49007 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 5162661 | 46955 | SH |  | SOLE |  | 0 | 0 | 46955 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 20529322 | 65084 | SH |  | SOLE |  | 4354 | 0 | 60730 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 5691780 | 5277 | SH |  | SOLE |  | 0 | 0 | 5277 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 1218504 | 18076 | SH |  | SOLE |  | 0 | 0 | 18076 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 312130 | 1022 | SH |  | SOLE |  | 0 | 0 | 1022 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 2137586 | 15964 | SH |  | SOLE |  | 0 | 0 | 15964 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 335825 | 707 | SH |  | SOLE |  | 0 | 0 | 707 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 13519480 | 27082 | SH |  | SOLE |  | 2706 | 0 | 24376 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 6145052 | 24452 | SH |  | SOLE |  | 0 | 0 | 24452 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG001S76KD6 | 210107 | 6745 | SH |  | SOLE |  | 0 | 0 | 6745 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 396852 | 2059 | SH |  | SOLE |  | 0 | 0 | 2059 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 4917936 | 8646 | SH |  | SOLE |  | 0 | 0 | 8646 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1174231 | 3864 | SH |  | SOLE |  | 0 | 0 | 3864 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 8285492 | 10725 | SH |  | SOLE |  | 0 | 0 | 10725 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 6689417 | 70237 | SH |  | SOLE |  | 6507 | 0 | 63730 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 10658764 | 126996 | SH |  | SOLE |  | 12453 | 0 | 114543 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 6587761 | 8971 | SH |  | SOLE |  | 0 | 0 | 8971 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 43029905 | 83077 | SH |  | SOLE |  | 2373 | 0 | 80704 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 305249 | 1920 | SH |  | SOLE |  | 0 | 0 | 1920 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1827155 | 1524 | SH |  | SOLE |  | 0 | 0 | 1524 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 | BBG001SKJJT9 | 4391104 | 22206 | SH |  | SOLE |  | 3182 | 0 | 19024 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 3584956 | 47489 | SH |  | SOLE |  | 0 | 0 | 47489 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 13249972 | 306004 | SH |  | SOLE |  | 31451 | 0 | 274553 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 1326611 | 4416 | SH |  | SOLE |  | 0 | 0 | 4416 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 20114822 | 107808 | SH |  | SOLE |  | 0 | 0 | 107808 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 | BBG001S736L1 | 14299411 | 338688 | SH |  | SOLE |  | 35059 | 0 | 303629 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 2030553 | 7220 | SH |  | SOLE |  | 0 | 0 | 7220 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 1188133 | 12995 | SH |  | SOLE |  | 0 | 0 | 12995 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 9252901 | 45442 | SH |  | SOLE |  | 0 | 0 | 45442 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 211943 | 1672 | SH |  | SOLE |  | 0 | 0 | 1672 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 7615883 | 54229 | SH |  | SOLE |  | 6086 | 0 | 48143 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 4497258 | 176501 | SH |  | SOLE |  | 24806 | 0 | 151695 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 311894 | 2293 | SH |  | SOLE |  | 0 | 0 | 2293 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 | BBG001SF6Y39 | 7694543 | 147179 | SH |  | SOLE |  | 0 | 0 | 147179 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 5480693 | 53397 | SH |  | SOLE |  | 7006 | 0 | 46391 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 9633674 | 116194 | SH |  | SOLE |  | 13820 | 0 | 102374 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 8561905 | 55723 | SH |  | SOLE |  | 4828 | 0 | 50895 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 324156 | 3145 | SH |  | SOLE |  | 0 | 0 | 3145 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 5956477 | 57417 | SH |  | SOLE |  | 6962 | 0 | 50455 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 13203297 | 79366 | SH |  | SOLE |  | 5210 | 0 | 74156 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 4811846 | 72896 | SH |  | SOLE |  | 11043 | 0 | 61853 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 7204896 | 43058 | SH |  | SOLE |  | 0 | 0 | 43058 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1582925 | 6679 | SH |  | SOLE |  | 0 | 0 | 6679 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 2499043 | 72710 | SH |  | SOLE |  | 0 | 0 | 72710 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 3862247 | 40455 | SH |  | SOLE |  | 0 | 0 | 40455 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 43345847 | 1861935 | SH |  | SOLE |  | 0 | 0 | 1861935 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 698798 | 27180 | SH |  | SOLE |  | 0 | 0 | 27180 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 871713 | 9757 | SH |  | SOLE |  | 0 | 0 | 9757 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 823485 | 15287 | SH |  | SOLE |  | 0 | 0 | 15287 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 438059 | 2840 | SH |  | SOLE |  | 0 | 0 | 2840 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | BBG001S7T1Q9 | 466295 | 1946 | SH |  | SOLE |  | 0 | 0 | 1946 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | BBG001S7T107 | 220222 | 2810 | SH |  | SOLE |  | 0 | 0 | 2810 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 484462 | 3481 | SH |  | SOLE |  | 0 | 0 | 3481 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 699138 | 2480 | SH |  | SOLE |  | 0 | 0 | 2480 |
| SNAP ON INC | COM | 833034101 | BBG001S5W688 | 559993 | 1616 | SH |  | SOLE |  | 0 | 0 | 1616 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 5447188 | 57478 | SH |  | SOLE |  | 7178 | 0 | 50300 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 | BBG001SRXRN6 | 357861 | 10248 | SH |  | SOLE |  | 0 | 0 | 10248 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 9374386 | 14072 | SH |  | SOLE |  | 39 | 0 | 14033 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 6538814 | 10971 | SH |  | SOLE |  | 0 | 0 | 10971 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 | BBG001SG3JV2 | 77884986 | 878567 | SH |  | SOLE |  | 60927 | 0 | 817640 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 5415016 | 72851 | SH |  | SOLE |  | 10657 | 0 | 62194 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 3408873 | 40294 | SH |  | SOLE |  | 5404 | 0 | 34890 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 458358 | 1240 | SH |  | SOLE |  | 0 | 0 | 1240 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 6466353 | 78532 | SH |  | SOLE |  | 9784 | 0 | 68748 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 553553 | 1982 | SH |  | SOLE |  | 0 | 0 | 1982 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 3314492 | 36951 | SH |  | SOLE |  | 4515 | 0 | 32436 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 275968 | 5072 | SH |  | SOLE |  | 0 | 0 | 5072 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 9841712 | 44831 | SH |  | SOLE |  | 4485 | 0 | 40346 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 4206162 | 9458 | SH |  | SOLE |  | 0 | 0 | 9458 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 4300713 | 14920 | SH |  | SOLE |  | 2358 | 0 | 12562 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 556318 | 1147 | SH |  | SOLE |  | 0 | 0 | 1147 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 6861323 | 47470 | SH |  | SOLE |  | 0 | 0 | 47470 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 3634037 | 15181 | SH |  | SOLE |  | 0 | 0 | 15181 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG001S7K017 | 704749 | 12392 | SH |  | SOLE |  | 0 | 0 | 12392 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 210980 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 10583563 | 37904 | SH |  | SOLE |  | 4409 | 0 | 33495 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 509571 | 932 | SH |  | SOLE |  | 0 | 0 | 932 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 5224559 | 22103 | SH |  | SOLE |  | 2532 | 0 | 19571 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 8398088 | 24321 | SH |  | SOLE |  | 1308 | 0 | 23013 |
| UNUM GROUP | COM | 91529Y106 | BBG001S5X2J4 | 2215508 | 28484 | SH |  | SOLE |  | 0 | 0 | 28484 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 10703443 | 221466 | SH |  | SOLE |  | 22634 | 0 | 198832 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 654480 | 3844 | SH |  | SOLE |  | 0 | 0 | 3844 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 1372276 | 18452 | SH |  | SOLE |  | 0 | 0 | 18452 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 340524 | 710 | SH |  | SOLE |  | 0 | 0 | 710 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 | BBG001SRN7S6 | 577004 | 1964 | SH |  | SOLE |  | 0 | 0 | 1964 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 679650 | 3893 | SH |  | SOLE |  | 0 | 0 | 3893 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 2855741 | 9722 | SH |  | SOLE |  | 0 | 0 | 9722 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 424098 | 4639 | SH |  | SOLE |  | 0 | 0 | 4639 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 1031430 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 935439 | 4482 | SH |  | SOLE |  | 0 | 0 | 4482 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 2657481 | 10451 | SH |  | SOLE |  | 0 | 0 | 10451 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1732410 | 5279 | SH |  | SOLE |  | 0 | 0 | 5279 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 317668 | 4451 | SH |  | SOLE |  | 0 | 0 | 4451 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 737228 | 13607 | SH |  | SOLE |  | 0 | 0 | 13607 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 | BBG001TCH518 | 1182226 | 9811 | SH |  | SOLE |  | 0 | 0 | 9811 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 | BBG001TCHM11 | 552467 | 1827 | SH |  | SOLE |  | 0 | 0 | 1827 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 | BBG001TCH581 | 444884 | 4978 | SH |  | SOLE |  | 0 | 0 | 4978 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 311817 | 1445 | SH |  | SOLE |  | 0 | 0 | 1445 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 342650 | 2431 | SH |  | SOLE |  | 0 | 0 | 2431 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 | BBG001SHTV72 | 340058 | 1811 | SH |  | SOLE |  | 0 | 0 | 1811 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 424446 | 1635 | SH |  | SOLE |  | 0 | 0 | 1635 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 1195668 | 1601 | SH |  | SOLE |  | 0 | 0 | 1601 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 | BBG001SHVTP4 | 200207 | 1057 | SH |  | SOLE |  | 0 | 0 | 1057 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG001TX0CB4 | 2150017 | 7217 | SH |  | SOLE |  | 0 | 0 | 7217 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 8347077 | 189922 | SH |  | SOLE |  | 26765 | 0 | 163157 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 730801 | 1866 | SH |  | SOLE |  | 0 | 0 | 1866 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 8700418 | 25486 | SH |  | SOLE |  | 0 | 0 | 25486 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 200470 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 10563406 | 102498 | SH |  | SOLE |  | 7760 | 0 | 94738 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 562234 | 2546 | SH |  | SOLE |  | 0 | 0 | 2546 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 8237550 | 98277 | SH |  | SOLE |  | 8772 | 0 | 89505 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG001SBW7S1 | 7843305 | 40129 | SH |  | SOLE |  | 2521 | 0 | 37608 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 487933 | 6050 | SH |  | SOLE |  | 0 | 0 | 6050 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 200600 | 1360 | SH |  | SOLE |  | 0 | 0 | 1360 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 206834 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 3590407 | 24538 | SH |  | SOLE |  | 0 | 0 | 24538 |

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