# EDGAR Filing Document

**Accession Number:** 0000816192
**File Stem:** 0001951757-23-000070
**Filing Date:** 2023-1
**Character Count:** 19815
**Document Hash:** 8705b3faebe78ed94c73a18d5a1491f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-23-000070.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001951757-23-000070

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST NATIONAL CORP /MA/ /ADV
- **CENTRAL INDEX KEY:** 0000816192
- **IRS NUMBER:** 042541452
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19543
- **FILM NUMBER:** 23555497

**BUSINESS ADDRESS:**
- **STREET 1:** 300 LEDGEWOOD PLACE
- **STREET 2:** SUITE 101
- **CITY:** ROCKLAND
- **STATE:** MA
- **ZIP:** 02370
- **BUSINESS PHONE:** 7818787757

**MAIL ADDRESS:**
- **STREET 1:** 300 LEDGEWOOD PLACE
- **STREET 2:** SUITE 101
- **CITY:** ROCKLAND
- **STATE:** MA
- **ZIP:** 02370

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST NATIONAL CORP /MA/                                /ADV
- **DATE OF NAME CHANGE:** 19870616

### 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:** FIRST NATIONAL CORP /MA/ /ADV<br>**Address:** 300 LEDGEWOOD PLACE<br>SUITE 101<br>ROCKLAND, MA 02370

**Form 13F File Number:** 028-19543

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:** JASON T. SKOLNICK<br>**Title:** Chief Compliance Officer<br>**Phone:** 781-878-7757

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

JASON T. SKOLNICK  ROCKLAND, MA  01-26-2023<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:** 154

**Form 13F Information Table Value Total:** $404523899

      (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 |
| 1/100 Berkshire Htwy A | Equity | 084990175 |  | 1874844 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| Berkshire Hathaway Inc Class B | Equity | 084670207 |  | 4093697 | 13253 | SH |  | SOLE |  | 0 | 0 | 13253 |
| Cisco Systems Inc | Equity | 17275R102 |  | 563676 | 11832 | SH |  | SOLE |  | 0 | 0 | 11832 |
| Home Depot Inc | Equity | 437076102 |  | 707145 | 2239 | SH |  | SOLE |  | 0 | 0 | 2239 |
| Amgen Inc | Equity | 031162100 |  | 598425 | 2279 | SH |  | SOLE |  | 0 | 0 | 2279 |
| iShares Tr S Smallcap | Equity | 464287804 |  | 1150182 | 12153 | SH |  | SOLE |  | 0 | 0 | 12153 |
| Coca-Cola Company | Equity | 191216100 |  | 499238 | 7848 | SH |  | SOLE |  | 0 | 0 | 7848 |
| Lockheed Martin Corp | Equity | 539830109 |  | 250578 | 515 | SH |  | SOLE |  | 0 | 0 | 515 |
| Eli Lilly  Company | Equity | 532457108 |  | 2911538 | 7959 | SH |  | SOLE |  | 0 | 0 | 7959 |
| Travelers Companies Inc | Equity | 89417E109 |  | 458601 | 2446 | SH |  | SOLE |  | 0 | 0 | 2446 |
| American Water Works Co | Equity | 030420103 |  | 9864997 | 64722 | SH |  | SOLE |  | 0 | 0 | 64722 |
| California Water Service Group | Equity | 130788102 |  | 2826533 | 46612 | SH |  | SOLE |  | 0 | 0 | 46612 |
| Alphabet Class C | Equity | 02079K107 |  | 931931 | 10503 | SH |  | SOLE |  | 0 | 0 | 10503 |
| JP Morgan Chase  Company | Equity | 46625H100 |  | 584858 | 4361 | SH |  | SOLE |  | 0 | 0 | 4361 |
| Planet Fitness Inc | Equity | 72703H101 |  | 625278 | 7935 | SH |  | SOLE |  | 0 | 0 | 7935 |
| CSW Industrials Inc | Equity | 126402106 |  | 330053 | 2847 | SH |  | SOLE |  | 0 | 0 | 2847 |
| Valero Energy Corp New | Equity | 91913Y100 |  | 579972 | 4572 | SH |  | SOLE |  | 0 | 0 | 4572 |
| Chevron Corporation | Equity | 166764100 |  | 739140 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| Intel Corp | Equity | 458140100 |  | 510047 | 19298 | SH |  | SOLE |  | 0 | 0 | 19298 |
| Anheuser Busch Cos Inc | Equity | 03524A108 |  | 339466 | 5654 | SH |  | SOLE |  | 0 | 0 | 5654 |
| Duke Energy Corp New | Equity | 26441C204 |  | 1420696 | 13795 | SH |  | SOLE |  | 0 | 0 | 13795 |
| Kirby Corporation | Equity | 497266106 |  | 401673 | 6242 | SH |  | SOLE |  | 0 | 0 | 6242 |
| Visa Inc Cl A | Equity | 92826C839 |  | 388538 | 1870 | SH |  | SOLE |  | 0 | 0 | 1870 |
| Starbucks Corporation | Equity | 855244109 |  | 222011 | 2238 | SH |  | SOLE |  | 0 | 0 | 2238 |
| Consolidated Edison Inc | Equity | 209115104 |  | 267726 | 2809 | SH |  | SOLE |  | 0 | 0 | 2809 |
| Qualcomm Inc | Equity | 747525103 |  | 320169 | 2912 | SH |  | SOLE |  | 0 | 0 | 2912 |
| Verizon Communications Inc | Equity | 92343V104 |  | 1184447 | 30062 | SH |  | SOLE |  | 0 | 0 | 30062 |
| CVS Corp | Equity | 126650100 |  | 299036 | 3209 | SH |  | SOLE |  | 0 | 0 | 3209 |
| Nvidia Corp | Equity | 67066G104 |  | 349859 | 2394 | SH |  | SOLE |  | 0 | 0 | 2394 |
| Merck  Company Inc | Equity | 58933Y105 |  | 1450263 | 13071 | SH |  | SOLE |  | 0 | 0 | 13071 |
| Essential Utilities | Equity | 29670G102 |  | 5886154 | 123322 | SH |  | SOLE |  | 0 | 0 | 123322 |
| McDonalds Corp | Equity | 580135101 |  | 254931 | 967 | SH |  | SOLE |  | 0 | 0 | 967 |
| Gilead Sciences Inc | Equity | 375558103 |  | 220205 | 2565 | SH |  | SOLE |  | 0 | 0 | 2565 |
| AbbVie Inc | Equity | 00287Y109 |  | 1061980 | 6571 | SH |  | SOLE |  | 0 | 0 | 6571 |
| Genuine Parts Co | Equity | 372460105 |  | 209253 | 1206 | SH |  | SOLE |  | 0 | 0 | 1206 |
| S Global Inc | Equity | 78409V104 |  | 773711 | 2310 | SH |  | SOLE |  | 0 | 0 | 2310 |
| U S Bancorp De | Equity | 902973304 |  | 226096 | 5185 | SH |  | SOLE |  | 0 | 0 | 5185 |
| Kimberly-Clark Corp | Equity | 494368103 |  | 475047 | 3499 | SH |  | SOLE |  | 0 | 0 | 3499 |
| Procter  Gamble Company | Equity | 742718109 |  | 912819 | 6023 | SH |  | SOLE |  | 0 | 0 | 6023 |
| Camden Natl Corp | Equity | 133034108 |  | 293456 | 7039 | SH |  | SOLE |  | 0 | 0 | 7039 |
| Texas Instruments Inc | Equity | 882508104 |  | 410572 | 2485 | SH |  | SOLE |  | 0 | 0 | 2485 |
| SJW Corp | Equity | 784305104 |  | 3045237 | 37508 | SH |  | SOLE |  | 0 | 0 | 37508 |
| American States Water Co | Equity | 029899101 |  | 2843796 | 30727 | SH |  | SOLE |  | 0 | 0 | 30727 |
| Deere  Co | Equity | 244199105 |  | 651023 | 1518 | SH |  | SOLE |  | 0 | 0 | 1518 |
| Honeywell Intl Inc | Equity | 438516106 |  | 354714 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| Emerson Electric Company | Equity | 291011104 |  | 247643 | 2578 | SH |  | SOLE |  | 0 | 0 | 2578 |
| Microsoft Corp | Equity | 594918104 |  | 2151072 | 8970 | SH |  | SOLE |  | 0 | 0 | 8970 |
| Amazon.Com Inc | Equity | 023135106 |  | 1160712 | 13818 | SH |  | SOLE |  | 0 | 0 | 13818 |
| Pfizer Incorporated | Equity | 717081103 |  | 1277990 | 24941 | SH |  | SOLE |  | 0 | 0 | 24941 |
| Johnson  Johnson | Equity | 478160104 |  | 2349355 | 13299 | SH |  | SOLE |  | 0 | 0 | 13299 |
| International Business Machine Corp | Equity | 459200101 |  | 561319 | 3984 | SH |  | SOLE |  | 0 | 0 | 3984 |
| Abbott Laboratories | Equity | 002824100 |  | 1277709 | 11638 | SH |  | SOLE |  | 0 | 0 | 11638 |
| NextEra Energy Inc | Equity | 65339F101 |  | 791187 | 9464 | SH |  | SOLE |  | 0 | 0 | 9464 |
| Southern Company | Equity | 842587107 |  | 748216 | 10478 | SH |  | SOLE |  | 0 | 0 | 10478 |
| Raytheon Technologies Corp | Equity | 75513E101 |  | 1996287 | 19781 | SH |  | SOLE |  | 0 | 0 | 19781 |
| General Mills Inc | Equity | 370334104 |  | 367460 | 4382 | SH |  | SOLE |  | 0 | 0 | 4382 |
| Colgate-Palmolive Company | Equity | 194162103 |  | 400726 | 5086 | SH |  | SOLE |  | 0 | 0 | 5086 |
| Apple Computer Inc | Equity | 037833100 |  | 10175704 | 78317 | SH |  | SOLE |  | 0 | 0 | 78317 |
| Leggett Inc Com | Equity | 524660107 |  | 5847263 | 181423 | SH |  | SOLE |  | 0 | 0 | 181423 |
| Diageo Plc New Spn Adr | Equity | 25243Q205 |  | 425161 | 2386 | SH |  | SOLE |  | 0 | 0 | 2386 |
| Disney Walt Company | Equity | 254687106 |  | 312235 | 3594 | SH |  | SOLE |  | 0 | 0 | 3594 |
| Boeing Company | Equity | 097023105 |  | 220968 | 1160 | SH |  | SOLE |  | 0 | 0 | 1160 |
| Waste Management Inc Del | Equity | 94106L109 |  | 316741 | 2019 | SH |  | SOLE |  | 0 | 0 | 2019 |
| Wal-Mart Stores Inc | Equity | 931142103 |  | 226548 | 1598 | SH |  | SOLE |  | 0 | 0 | 1598 |
| Costco Wholesale Corp | Equity | 22160K105 |  | 1083245 | 2373 | SH |  | SOLE |  | 0 | 0 | 2373 |
| Paychex Inc | Equity | 704326107 |  | 564742 | 4887 | SH |  | SOLE |  | 0 | 0 | 4887 |
| Genl Dynamics Corp Com | Equity | 369550108 |  | 518051 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| Pepsico Incorporated | Equity | 713448108 |  | 312317 | 1729 | SH |  | SOLE |  | 0 | 0 | 1729 |
| AT Inc | Equity | 00206R102 |  | 228123 | 12391 | SH |  | SOLE |  | 0 | 0 | 12391 |
| Alphabet Inc Class A | Equity | 02079K305 |  | 1923767 | 21804 | SH |  | SOLE |  | 0 | 0 | 21804 |
| Exxon Mobil Corp | Equity | 30231G102 |  | 990379 | 8979 | SH |  | SOLE |  | 0 | 0 | 8979 |
| Caterpillar Inc | Equity | 149123101 |  | 335504 | 1401 | SH |  | SOLE |  | 0 | 0 | 1401 |
| Vanguard Emerging Market | Equity | 922042858 |  | 510482 | 13096 | SH |  | SOLE |  | 0 | 0 | 13096 |
| Schwab International Equity ETF | Equity | 808524805 |  | 8304949 | 257838 | SH |  | SOLE |  | 0 | 0 | 257838 |
| Schwab US Mid-Cap ETF | Equity | 808524508 |  | 11163729 | 170153 | SH |  | SOLE |  | 0 | 0 | 170153 |
| iShares iBoxx Investment Grade Corp Bond | Equity | 464287242 |  | 10801240 | 102449 | SH |  | SOLE |  | 0 | 0 | 102449 |
| SPDR Barclays Capital Tips | Equity | 78464A656 |  | 508380 | 19735 | SH |  | SOLE |  | 0 | 0 | 19735 |
| Schwab US Dividend Equity ETF | Equity | 808524797 |  | 13532954 | 179150 | SH |  | SOLE |  | 0 | 0 | 179150 |
| Fidelity MSCI Real Estate Index ETF | Equity | 316092857 |  | 825652 | 33279 | SH |  | SOLE |  | 0 | 0 | 33279 |
| Schwab US TIPS ETF | Equity | 808524870 |  | 2260763 | 43653 | SH |  | SOLE |  | 0 | 0 | 43653 |
| Goldman Sachs ActiveBeta International | Equity | 381430107 |  | 4586355 | 159359 | SH |  | SOLE |  | 0 | 0 | 159359 |
| Vanguard Mid Cap | Equity | 922908629 |  | 9794304 | 48056 | SH |  | SOLE |  | 0 | 0 | 48056 |
| iShares Russell 2000 Index | Equity | 464287655 |  | 229414 | 1316 | SH |  | SOLE |  | 0 | 0 | 1316 |
| iShares Barclays TIPS | Equity | 464287176 |  | 426505 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| Vanguard Value ETF | Equity | 922908744 |  | 1016956 | 7245 | SH |  | SOLE |  | 0 | 0 | 7245 |
| ProShares Ultra QQQ | Equity | 74347R206 |  | 2356907 | 67263 | SH |  | SOLE |  | 0 | 0 | 67263 |
| WisdomTree Floating Rate Treasury ETF | Equity | 97717Y527 |  | 12264762 | 243978 | SH |  | SOLE |  | 0 | 0 | 243978 |
| SPDR Lehman Municipal Bond ETF | Equity | 78468R721 |  | 2166494 | 47490 | SH |  | SOLE |  | 0 | 0 | 47490 |
| iShares DJ US Aerospace  Defense Index | Equity | 464288760 |  | 1628355 | 14557 | SH |  | SOLE |  | 0 | 0 | 14557 |
| PIMCO Investment Grade Corp Bond Index | Equity | 72201R817 |  | 1414809 | 15213 | SH |  | SOLE |  | 0 | 0 | 15213 |
| iShares S North Amer Tech-Semicondctrs | Equity | 464287523 |  | 12673631 | 36421 | SH |  | SOLE |  | 0 | 0 | 36421 |
| Schwab Fundamental US Large Company ETF | Equity | 808524771 |  | 1617949 | 30276 | SH |  | SOLE |  | 0 | 0 | 30276 |
| iShares S US Preferred Fund | Equity | 464288687 |  | 1249010 | 40911 | SH |  | SOLE |  | 0 | 0 | 40911 |
| Schwab Fundamental US Broad Market ETF | Equity | 808524789 |  | 1170479 | 22244 | SH |  | SOLE |  | 0 | 0 | 22244 |
| Standard  Poors Dep Rcpts Series 1 | Equity | 78462F103 |  | 18200718 | 47592 | SH |  | SOLE |  | 0 | 0 | 47592 |
| SPDR MSCI EAFE Fossil Fuel Free ETF | Equity | 78470E106 |  | 344300 | 5062 | SH |  | SOLE |  | 0 | 0 | 5062 |
| iShares Core S 500 ETF | Equity | 464287200 |  | 1352031 | 3519 | SH |  | SOLE |  | 0 | 0 | 3519 |
| PIMCO Total Return ETF | Equity | 72201R775 |  | 429357 | 4745 | SH |  | SOLE |  | 0 | 0 | 4745 |
| Vanguard Utilities | Equity | 92204A876 |  | 19705313 | 128491 | SH |  | SOLE |  | 0 | 0 | 128491 |
| Vanguard Dividend Appreciation ETF | Equity | 921908844 |  | 437100 | 2878 | SH |  | SOLE |  | 0 | 0 | 2878 |
| iShares DJ US Health Care Providers | Equity | 464288828 |  | 2344249 | 8757 | SH |  | SOLE |  | 0 | 0 | 8757 |
| Financial Select Sector SPDR | Equity | 81369Y605 |  | 680280 | 19891 | SH |  | SOLE |  | 0 | 0 | 19891 |
| SPDR Long Term Treasury | Equity | 78464A664 |  | 1988874 | 68511 | SH |  | SOLE |  | 0 | 0 | 68511 |
| Guggenheim Bulletshares 2023 Corporate Bond | Equity | 46138J866 |  | 287426 | 13700 | SH |  | SOLE |  | 0 | 0 | 13700 |
| Schwab US Large Cap ETF | Equity | 808524201 |  | 9750775 | 215964 | SH |  | SOLE |  | 0 | 0 | 215964 |
| ProShares UltraShort Bloomberg Crude Oil | Equity | 74347Y797 |  | 5507991 | 230943 | SH |  | SOLE |  | 0 | 0 | 230943 |
| Invesco Fundamental High Yield Corp Bond ETF | Equity | 46138E719 |  | 412856 | 24115 | SH |  | SOLE |  | 0 | 0 | 24115 |
| SPDR S 500 Fossil Fuel Free ETF | Equity | 78468R796 |  | 479726 | 5139 | SH |  | SOLE |  | 0 | 0 | 5139 |
| Guggenheim Bulletshares 2024 Corporate Bond | Equity | 46138J841 |  | 274500 | 13400 | SH |  | SOLE |  | 0 | 0 | 13400 |
| iShares S Midcap | Equity | 464287507 |  | 1040956 | 4303 | SH |  | SOLE |  | 0 | 0 | 4303 |
| iShares Core MSCI EAFE ETF | Equity | 46432F842 |  | 719832 | 11678 | SH |  | SOLE |  | 0 | 0 | 11678 |
| iShares Core High Dividend | Equity | 46429B663 |  | 730305 | 7006 | SH |  | SOLE |  | 0 | 0 | 7006 |
| Aberdeen Standard Phys PalladiumShrs ETF | Equity | 003262102 |  | 2209172 | 13380 | SH |  | SOLE |  | 0 | 0 | 13380 |
| SPDR Barclays Capital Convertible Securities | Equity | 78464A359 |  | 2030377 | 31557 | SH |  | SOLE |  | 0 | 0 | 31557 |
| iShares International Treasury Bond | Equity | 464288117 |  | 201153 | 5138 | SH |  | SOLE |  | 0 | 0 | 5138 |
| Vanguard Total Stock Mkt | Equity | 922908769 |  | 994274 | 5200 | SH |  | SOLE |  | 0 | 0 | 5200 |
| Invesco QQQ Trust | Equity | 46090E103 |  | 4639481 | 17423 | SH |  | SOLE |  | 0 | 0 | 17423 |
| Proshares Short S 500 | Equity | 74347B425 |  | 5673819 | 353950 | SH |  | SOLE |  | 0 | 0 | 353950 |
| iShares Barclays MBS Bonds | Equity | 464288588 |  | 1380725 | 14887 | SH |  | SOLE |  | 0 | 0 | 14887 |
| Invesco BulletShares 2025 Corp Bond ETF | Equity | 46138J825 |  | 213484 | 10600 | SH |  | SOLE |  | 0 | 0 | 10600 |
| Fidelity MSCI Utilities ETF | Equity | 316092865 |  | 480596 | 10544 | SH |  | SOLE |  | 0 | 0 | 10544 |
| iShares S 500 Growth | Equity | 464287309 |  | 438984 | 7504 | SH |  | SOLE |  | 0 | 0 | 7504 |
| Vanguard International Equity Index | Equity | 922042775 |  | 314280 | 6268 | SH |  | SOLE |  | 0 | 0 | 6268 |
| SPDR Gold Shares | Equity | 78463V107 |  | 5196243 | 30631 | SH |  | SOLE |  | 0 | 0 | 30631 |
| Schwab Fundamental Emerging Markets Large Company | Equity | 808524730 |  | 984683 | 39737 | SH |  | SOLE |  | 0 | 0 | 39737 |
| Vanguard REIT | Equity | 922908553 |  | 8892812 | 107818 | SH |  | SOLE |  | 0 | 0 | 107818 |
| SPDR Barclays Investment Grade Floating Rate ETF | Equity | 78468R200 |  | 2037710 | 67052 | SH |  | SOLE |  | 0 | 0 | 67052 |
| iShares Bloomberg Roll Sel Brd Cmdty ETF | Equity | 46431W598 |  | 1045376 | 19178 | SH |  | SOLE |  | 0 | 0 | 19178 |
| SPDR S Intl Small Cap | Equity | 78463X871 |  | 210282 | 7150 | SH |  | SOLE |  | 0 | 0 | 7150 |
| Vanguard Total World Stock Index ETF | Equity | 922042742 |  | 338985 | 3933 | SH |  | SOLE |  | 0 | 0 | 3933 |
| Vanguard ESG US Stock ETF | Equity | 921910733 |  | 340562 | 5171 | SH |  | SOLE |  | 0 | 0 | 5171 |
| SPDR S Dividend ETF | Equity | 78464A763 |  | 10238889 | 81839 | SH |  | SOLE |  | 0 | 0 | 81839 |
| Vanguard S 500 ETF | Equity | 922908363 |  | 3421913 | 9740 | SH |  | SOLE |  | 0 | 0 | 9740 |
| iShares GNMA Bond | Equity | 46429B333 |  | 312888 | 7192 | SH |  | SOLE |  | 0 | 0 | 7192 |
| iShares Core Dividend Growth ETF | Equity | 46434V621 |  | 4039768 | 80795 | SH |  | SOLE |  | 0 | 0 | 80795 |
| ProShares Ultra S 500 | Equity | 74347R107 |  | 1476629 | 33220 | SH |  | SOLE |  | 0 | 0 | 33220 |
| iShares Cohen  Steers Realty Majors | Equity | 464287564 |  | 1236194 | 22542 | SH |  | SOLE |  | 0 | 0 | 22542 |
| iShares MSCI EAFE Index | Equity | 464287465 |  | 1707559 | 26014 | SH |  | SOLE |  | 0 | 0 | 26014 |
| iShares Core S Total US Stock Market ETF | Equity | 464287150 |  | 474381 | 5594 | SH |  | SOLE |  | 0 | 0 | 5594 |
| Xtrackers MSCI USA ESG Leaders Eq ETF | Equity | 233051150 |  | 334586 | 9602 | SH |  | SOLE |  | 0 | 0 | 9602 |
| Vanguard FTSE Developed Markets Index Fund | Equity | 921943858 |  | 3983094 | 94903 | SH |  | SOLE |  | 0 | 0 | 94903 |
| Schwab US Small Cap ETF | Equity | 808524607 |  | 11441528 | 282437 | SH |  | SOLE |  | 0 | 0 | 282437 |
| Vanguard Total International Bond ETF | Equity | 92203J407 |  | 1885437 | 39752 | SH |  | SOLE |  | 0 | 0 | 39752 |
| Vanguard Tax-Exempt Bond ETF | Equity | 922907746 |  | 1489451 | 30096 | SH |  | SOLE |  | 0 | 0 | 30096 |
| Columbia EM Core ex-China ETF | Equity | 19762B202 |  | 1686409 | 66004 | SH |  | SOLE |  | 0 | 0 | 66004 |
| Schwab US Broad Market ETF | Equity | 808524102 |  | 20349221 | 454122 | SH |  | SOLE |  | 0 | 0 | 454122 |
| PIMCO Enhaced Low Duration Active ETF | Equity | 72201R718 |  | 2497889 | 26500 | SH |  | SOLE |  | 0 | 0 | 26500 |
| Energy Select Sector SPDR | Equity | 81369Y506 |  | 780407 | 8922 | SH |  | SOLE |  | 0 | 0 | 8922 |
| iShares Russell 3000 | Equity | 464287689 |  | 640413 | 2902 | SH |  | SOLE |  | 0 | 0 | 2902 |
| iShares Lehman 20 Year Treas Bond | Equity | 464287432 |  | 27638955 | 277611 | SH |  | SOLE |  | 0 | 0 | 277611 |
| Vanguard Small Cap ETF | Equity | 922908751 |  | 7926081 | 43184 | SH |  | SOLE |  | 0 | 0 | 43184 |
| iShares 0-5 Year TIPS Bond ETF | Equity | 46429B747 |  | 1838388 | 18960 | SH |  | SOLE |  | 0 | 0 | 18960 |
| Schwab US REIT ETF | Equity | 808524847 |  | 5081850 | 263445 | SH |  | SOLE |  | 0 | 0 | 263445 |
| LUMIRADX ORD | Equity | G5709L109 |  | 54268 | 60298 | SH |  | SOLE |  | 0 | 0 | 60298 |

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