Mutual Fund Compliance Associate

0001138060-17-000010.txt : 20170510 0001138060-17-000010.hdr.sgml : 20170510 20170509175226 ACCESSION NUMBER: 0001138060-17-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170510 DATE AS OF CHANGE: 20170509 EFFECTIVENESS DATE: 20170510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MADISON INVESTMENT HOLDINGS INC CENTRAL INDEX KEY: 0001138060 IRS NUMBER: 391194160 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03477 FILM NUMBER: 17827768 BUSINESS ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 BUSINESS PHONE: 6082740300 MAIL ADDRESS: STREET 1: 550 SCIENCE DR CITY: MADISON STATE: WI ZIP: 53711 FORMER COMPANY: FORMER CONFORMED NAME: MADISON INVESTMENT ADVISORS INC DATE OF NAME CHANGE: 20010411 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001138060 XXXXXXXX 03-31-2017 03-31-2017 MADISON INVESTMENT HOLDINGS INC

550 SCIENCE DR MADISON WI 53711

13F HOLDINGS REPORT 028-03477 Y Madison Asset Management, LLC, Madison Investment Advisors, LLC and Madison Investment Holdings, Inc. share all resources and personnel at their 550 Science Drive office, and such, no distinction is made among the three in the information table presented in the report. Due to rounding, certain dollar values may be higher or lower than the amounts would have been absent such rounding. Trey D. Edgerle Mutual Fund Compliance Associate 608-216-9193 Trey D. Edgerle Madison WI 05-09-2017 2 247 5370862 false 1 0001299351 028-10986 Madison Asset Management, LLC 2 0001507115 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f1q2017informationta.xml INFORMATION TABLE 3M Company COM 88579Y101 23420 122404 SH SOLE 119924 0 2480 Abbott Laboratories COM 002824100 621 13973 SH SOLE 13973 0 0 AbbVie Inc COM 00287Y109 706 10833 SH SOLE 10833 0 0 Accenture PLC - Class A SHS CLASS A G1151C101 53569 446859 SH SOLE 425318 0 21541 Aflac Inc COM 001055102 560 7738 SH SOLE 7738 0 0 Agilent Technologies Inc COM 00846U101 2458 46500 SH SOLE 46500 0 0 Allergan plc SHS G0177J108 5725 23962 SH SOLE 23962 0 0 Allstate Corp COM 020002101 228 2800 SH SOLE 2800 0 0 Alphabet Inc - Class A CAP STK CL A 02079K305 1295 1528 SH SOLE 1528 0 0 Alphabet Inc - Class C CAP STK CL C 02079K107 59221 71389 SH SOLE 68328 0 3061 Altria Group Inc. COM 02209S103 1635 22893 SH SOLE 22893 0 0 Amazon.com Inc COM 023135106 3825 4315 SH SOLE 4315 0 0 American Financial Group Inc. COM 025932104 713 7470 SH SOLE 7470 0 0 American International Group I COM NEW 026874784 15503 248327 SH SOLE 248327 0 0 American Tower Corp COM 03027X100 84777 697520 SH SOLE 672926 0 24594 Amgen Inc COM 031162100 21418 130544 SH SOLE 128069 0 2475 Amphenol Corp - Class A CL A 032095101 27394 384913 SH SOLE 374417 0 10496 Analog Devices Inc COM 032654105 893 10902 SH SOLE 10902 0 0 Apache Corporation COM 037411105 15910 309587 SH SOLE 309587 0 0 Apple Inc COM 037833100 40168 279602 SH SOLE 277037 0 2565 Arch Capital Group Ltd ORD G0450A105 38625 407563 SH SOLE 395606 0 11957 AT&T Inc COM 00206R102 1005 24185 SH SOLE 24185 0 0 Automatic Data Processing Inc COM 053015103 12934 126317 SH SOLE 124002 0 2315 Axalta Coating Systems Ltd COM G0750C108 41312 1282983 SH SOLE 1246745 0 36238 Baker Hughes Inc COM 057224107 27294 456265 SH SOLE 456265 0 0 Bank of America Corporation COM 060505104 26393 1118835 SH SOLE 1118835 0 0 Bank of New York Mellon Corpor COM 064058100 13851 293272 SH SOLE 293272 0 0 Baxter International Inc. COM 071813109 30146 581305 SH SOLE 581305 0 0 BB&T Corporation COM 054937107 13734 307247 SH SOLE 300052 0 7195 Becton, Dickinson and Company COM 075887109 4491 24480 SH SOLE 24480 0 0 Berkshire Hathaway Inc - Cl B CL B NEW 084670702 73503 440981 SH SOLE 419029 0 21952 Biogen Inc COM 09062X103 12831 46926 SH SOLE 46926 0 0 Boeing Company (The) COM 097023105 20127 113804 SH SOLE 110915 0 2889 BP PLC - Spons ADR SPONSORED ADR 055622104 315 9128 SH SOLE 9128 0 0 Bristol-Myers Squibb Co COM 110122108 269 4938 SH SOLE 4938 0 0 Brookfield Asset Management In CL A LTD VT SH 112585104 89195 2446370 SH SOLE 2358249 0 88121 Brown-Forman Corporation CL B 115637209 10012 216811 SH SOLE 209352 0 7459 Brown & Brown Inc. COM 115236101 40677 975000 SH SOLE 943252 0 31748 Canadian National Railway Co COM 136375102 1721 23280 SH SOLE 23280 0 0 CarMax Inc. COM 143130102 54111 913730 SH SOLE 890552 0 23178 Carnival Corp COM 143658300 17954 304766 SH SOLE 294821 0 9945 Caterpillar Inc COM 149123101 14726 158758 SH SOLE 155573 0 3185 CBRE Group Inc CL A 12504L109 323 9295 SH SOLE 9295 0 0 CBS Corp - Cl B CL B 124857202 4920 70938 SH SOLE 70938 0 0 CDW Corp/DE COM 12514G108 79696 1380979 SH SOLE 1331523 0 49456 Celgene Corp COM 151020104 4587 36864 SH SOLE 36864 0 0 Cerner Corporation COM 156782104 7953 135135 SH SOLE 135135 0 0 Chevron Corporation COM 166764100 18292 170360 SH SOLE 166435 0 3925 Chubb Ltd COM H1467J104 12033 88319 SH SOLE 85672 0 2647 Ciena Corp COM 171779309 6111 258818 SH SOLE 258818 0 0 Cisco Systems Inc. COM 17275R102 32712 967818 SH SOLE 947539 0 20279 CME Group Inc/IL COM 12572Q105 17203 144806 SH SOLE 139781 0 5025 Coca-Cola Co COM 191216100 822 19357 SH SOLE 19357 0 0 Colgate-Palmolive Co COM 194162103 256 3492 SH SOLE 3492 0 0 Copart Inc COM 217204106 72009 1162753 SH SOLE 1123967 0 38786 Costco Wholesale Corp COM 22160K105 9720 57966 SH SOLE 57966 0 0 Crown Castle International Cor COM 22822V101 25993 275204 SH SOLE 265672 0 9532 Crown Holdings Inc. COM 228368106 34504 651627 SH SOLE 631177 0 20450 CVS Health Corp COM 126650100 17025 216883 SH SOLE 216793 0 90 Danaher Corp COM 235851102 53051 620265 SH SOLE 581981 0 38284 DaVita Inc COM 23918K108 42633 627233 SH SOLE 607065 0 20168 Diageo PLC ADR SPON ADR NEW 25243Q205 54867 474712 SH SOLE 447579 0 27133 Digital Realty Trust Inc COM 253868103 14967 140680 SH SOLE 140680 0 0 Discovery Communications Inc - COM SER C 25470F302 67500 2384322 SH SOLE 2298124 0 86198 Discovery Communications Inc. COM SER A 25470F104 983 33800 SH SOLE 33800 0 0 Dollar General Corp COM 256677105 74634 1070334 SH SOLE 1030882 0 39452 Dollar Tree Inc. COM 256746108 260 3320 SH SOLE 3320 0 0 Dow Chemical Co COM 260543103 25402 399781 SH SOLE 399781 0 0 Duke Energy Corp COM NEW 26441C204 8772 106966 SH SOLE 103161 0 3805 Dupont (E.I.) de Nemours and C COM 263534109 10046 125060 SH SOLE 125060 0 0 eBay Inc. COM 278642103 475 14154 SH SOLE 14154 0 0 Ecolab Inc. COM 278865100 1274 10168 SH SOLE 10168 0 0 Emerson Electric Co COM 291011104 12701 212177 SH SOLE 204482 0 7695 Expeditors International of Wa COM 302130109 43100 762965 SH SOLE 741244 0 21721 Express Scripts Holding Compan COM 30219G108 12682 192407 SH SOLE 192407 0 0 Exxon Mobil Corporation COM 30231G102 24767 301995 SH SOLE 294215 0 7780 Fastenal Co. COM 311900104 28050 544669 SH SOLE 524865 0 19804 FedEx Corp COM 31428X106 35371 181250 SH SOLE 181250 0 0 Fortive Corp COM 34959J108 12701 210916 SH SOLE 198511 0 12405 General Dynamics Corp COM 369550108 12596 67287 SH SOLE 67287 0 0 General Electric Company COM 369604103 18106 607569 SH SOLE 588479 0 19090 General Motors Co COM 37045V100 30765 870051 SH SOLE 870051 0 0 Gilead Sciences Inc. COM 375558103 16411 241625 SH SOLE 241625 0 0 Glacier Bancorp Inc COM 37637Q105 16730 493067 SH SOLE 476394 0 16673 HCA Holdings Inc COM 40412C101 4116 46248 SH SOLE 46248 0 0 Home Depot Inc. COM 437076102 27634 188203 SH SOLE 184717 0 3486 Honeywell International Inc. COM 438516106 524 4200 SH SOLE 4200 0 0 IHS Markit Ltd SHS G47567105 36965 881167 SH SOLE 855930 0 25237 Intel Corporation COM 458140100 8188 227011 SH SOLE 227011 0 0 International Business Machine COM 459200101 241 1384 SH SOLE 1354 0 30 Invesco Ltd SHS G491BT108 428 13958 SH SOLE 13958 0 0 Jacobs Engineering Group Inc COM 469814107 47958 867538 SH SOLE 826463 0 41075 JM Smucker Company (The) COM NEW 832696405 57974 442278 SH SOLE 422866 0 19412 Johnson & Johnson COM 478160104 82231 660221 SH SOLE 627436 0 32785 JPMorgan Chase & Co. COM 46625H100 28097 319864 SH SOLE 319864 0 0 Kroger Co. (The) COM 501044101 400 13560 SH SOLE 13560 0 0 Laboratory Corp of America Hol COM NEW 50540R409 39775 277234 SH SOLE 268892 0 8342 Liberty Broadband Corporation COM SER C 530307305 51969 601488 SH SOLE 583880 0 17608 Liberty Global plc -Series C SHS CL C G5480U120 49435 1410814 SH SOLE 1368546 0 42268 Lockheed Martin Corp COM 539830109 1298 4850 SH SOLE 4850 0 0 Lowe's Cos Inc COM 548661107 1411 17158 SH SOLE 17158 0 0 M&T Bank Corp COM 55261F104 16890 109158 SH SOLE 105672 0 3486 Marathon Petroleum Corp COM 56585A102 30760 608635 SH SOLE 608635 0 0 Markel Corporation COM 570535104 88250 90433 SH SOLE 87637 0 2796 McDonald's Corporation COM 580135101 21542 166203 SH SOLE 162981 0 3222 McKesson Corporation COM 58155Q103 4997 33701 SH SOLE 33701 0 0 Medtronic PLC SHS G5960L103 11851 147106 SH SOLE 142126 0 4980 Merck & Co Inc COM 58933Y105 14873 234074 SH SOLE 226454 0 7620 Microsoft Corporation COM 594918104 62387 947264 SH SOLE 935359 0 11905 Mondelez International Inc. CL A 609207105 297 6900 SH SOLE 6900 0 0 Monsanto Co COM 61166W101 8172 72193 SH SOLE 69648 0 2545 Morgan Stanley COM NEW 617446448 763 17800 SH SOLE 17800 0 0 Nasdaq Inc COM 631103108 11335 163207 SH SOLE 163207 0 0 National Oilwell Varco Inc COM 637071101 24288 605845 SH SOLE 605845 0 0 NextEra Energy Inc. COM 65339F101 16002 124657 SH SOLE 121372 0 3285 NIKE Inc. - Class B CL B 654106103 223 4000 SH SOLE 4000 0 0 Nordstrom Inc. COM 655664100 1599 34335 SH SOLE 34335 0 0 Northern Trust Corp COM 665859104 15042 173732 SH SOLE 170492 0 3240 Novartis AG ADR SPONSORED ADR 66987V109 47695 642181 SH SOLE 601316 0 40865 NRG Energy Inc COM NEW 629377508 30915 1653200 SH SOLE 1653200 0 0 Nuance Communications Inc COM 67020Y100 2820 162900 SH SOLE 162900 0 0 Nucor Corp COM 670346105 16594 277865 SH SOLE 277865 0 0 Occidental Petroleum Corp COM 674599105 6450 101800 SH SOLE 101800 0 0 Oceaneering International Inc COM 675232102 13419 495539 SH SOLE 474499 0 21040 Omnicom Group Inc. COM 681919106 53823 624322 SH SOLE 605157 0 19165 Oracle Corporation COM 68389X105 60165 1348681 SH SOLE 1280451 0 68230 PayPal Holdings Inc COM 70450Y103 14319 332856 SH SOLE 332856 0 0 PepsiCo Inc. COM 713448108 18357 164111 SH SOLE 160446 0 3665 Pfizer Inc. COM 717081103 23343 682333 SH SOLE 666243 0 16090 Philip Morris International In COM 718172109 1510 13376 SH SOLE 13376 0 0 PNC Financial Services Group I COM 693475105 24701 205429 SH SOLE 200234 0 5195 PPG Industries Inc. COM 693506107 44742 425789 SH SOLE 395645 0 30144 Praxair Inc COM 74005P104 60136 507050 SH SOLE 475239 0 31811 Procter & Gamble Company (The) COM 742718109 19124 212847 SH SOLE 206742 0 6105 Progressive Corp. COM 743315103 4174 106538 SH SOLE 106538 0 0 QUALCOMM Inc. COM 747525103 16856 293968 SH SOLE 293968 0 0 Range Resources Corporation COM 75281A109 9888 339800 SH SOLE 339800 0 0 Reinsurance Group of America I COM NEW 759351604 237 1870 SH SOLE 1870 0 0 Republic Services Inc. COM 760759100 6914 110084 SH SOLE 110084 0 0 Reynolds American Inc. COM 761713106 290 4600 SH SOLE 4600 0 0 RLI Corp COM 749607107 861 14348 SH SOLE 14348 0 0 Ross Stores Inc COM 778296103 44563 676530 SH SOLE 656924 0 19606 S&P Global Inc COM 78409V104 3885 29717 SH SOLE 29717 0 0 Sally Beauty Holdings Inc. COM 79546E104 28571 1397797 SH SOLE 1354589 0 43208 Schlumberger Ltd COM 806857108 24097 308541 SH SOLE 301776 0 6765 Starbucks Corp COM 855244109 4027 68975 SH SOLE 68975 0 0 State Street Corp COM 857477103 5318 66800 SH SOLE 66800 0 0 Stryker Corporation COM 863667101 782 5943 SH SOLE 5943 0 0 T-Mobile US Inc COM 872590104 32199 498515 SH SOLE 498515 0 0 T Rowe Price Group Inc. COM 74144T108 12519 183705 SH SOLE 183635 0 70 TE Connectivity Ltd REG SHS H84989104 71031 952792 SH SOLE 917831 0 34961 Texas Instruments Inc COM 882508104 16291 202226 SH SOLE 195126 0 7100 Thermo Fisher Scientific Inc. COM 883556102 4614 30039 SH SOLE 30039 0 0 Tiffany & Co. COM 886547108 11211 117636 SH SOLE 114469 0 3167 TJX Cos Inc COM 872540109 36928 466966 SH SOLE 441041 0 25925 Travelers Cos Inc COM 89417E109 14261 118306 SH SOLE 114306 0 4000 U.S. Bancorp COM NEW 902973304 93206 1809834 SH SOLE 1728542 0 81292 UGI Corp COM 902681105 222 4500 SH SOLE 4500 0 0 Union Pacific Corp COM 907818108 12433 117383 SH SOLE 114348 0 3035 United Parcel Service Inc - Cl CL B 911312106 23498 218991 SH SOLE 214376 0 4615 United Technologies Corp COM 913017109 28281 252038 SH SOLE 246633 0 5405 UnitedHealth Group Inc COM 91324P102 534 3255 SH SOLE 3170 0 85 Varian Medical Systems Inc COM 92220P105 42783 469467 SH SOLE 439702 0 29765 Verizon Communications Inc COM 92343V104 22013 451550 SH SOLE 440035 0 11515 Visa Inc - Class A COM CL A 92826C839 44130 496564 SH SOLE 474097 0 22467 W.R. Berkley Corporation COM 084423102 39017 552421 SH SOLE 535546 0 16875 Walt Disney Company (The) COM DISNEY 254687106 13437 118502 SH SOLE 118502 0 0 Waste Management Inc COM 94106L109 354 4855 SH SOLE 4855 0 0 Wells Fargo & Co COM 949746101 9195 165192 SH SOLE 159967 0 5225 Weyerhaeuser Co COM 962166104 27036 795645 SH SOLE 795645 0 0 WW Grainger Inc COM 384802104 3851 16544 SH SOLE 16499 0 45 Xilinx Inc COM 983919101 16385 283044 SH SOLE 276779 0 6265 Zoetis Inc CL A 98978V103 27622 517562 SH SOLE 501105 0 16457 Consumer Staples Select Sector SBI CONS STPLS 81369Y308 2700 49465 SH SOLE 49465 0 0 Energy Select Sector SPDR Fund SBI INT-ENERGY 81369Y506 2255 32257 SH SOLE 32257 0 0 Guggenheim BulletShares 2017 C GUGG CRP BD 2017 18383M548 4074 180112 SH SOLE 180112 0 0 Guggenheim BulletShares 2018 C GUG BULL2018 E 18383M530 2293 108025 SH SOLE 108025 0 0 Guggenheim BulletShares 2019 C GUG BULL2019 E 18383M522 1863 87737 SH SOLE 87737 0 0 Guggenheim BulletShares 2020 C GUG BULL2020 E 18383M514 1322 61804 SH SOLE 61804 0 0 Guggenheim BulletShares 2021 C GUGG BULSH 2021 18383M266 533 25212 SH SOLE 25212 0 0 Guggenheim S&P 500 Equal Weigh GUG S&P500 EQ WT 78355W106 8316 91568 SH SOLE 91568 0 0 Industrial Select Sector SPDR SBI INT-INDS 81369Y704 1000 15369 SH SOLE 15369 0 0 iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432 29162 241588 SH SOLE 241588 0 0 iShares 3-7 Year Treasury Bond 3-7 YR TR BD ETF 464288661 32825 266764 SH SOLE 266764 0 0 iShares 7-10 Year Treasury Bon 7-10 Y TR BD ETF 464287440 156740 1484422 SH SOLE 1484422 0 0 iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 1674 28882 SH SOLE 28882 0 0 iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 886 18545 SH SOLE 18545 0 0 iShares Core S&P 500 ETF CORE S&P500 ETF 464287200 64674 272574 SH SOLE 272574 0 0 iShares Core S&P Mid-Cap ETF CORE S&P MCP ETF 464287507 129340 755403 SH SOLE 752153 0 3250 iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 39533 571613 SH SOLE 567625 0 3988 iShares Edge MSCI Min Vol EAFE MIN VOL EAFE ETF 46429B689 24597 372683 SH SOLE 369645 0 3038 iShares Edge MSCI Min Vol Emer MIN VOL EMRG MKT 464286533 6680 124868 SH SOLE 124868 0 0 iShares Intermediate Credit Bo INTERM CR BD ETF 464288638 8421 77287 SH SOLE 77287 0 0 iShares MSCI Canada ETF MSCI CDA ETF 464286509 2685 99880 SH SOLE 99880 0 0 iShares MSCI EAFE ETF MSCI EAFE ETF 464287465 1272 20428 SH SOLE 17161 0 3267 iShares MSCI Eurozone ETF MSCI EURZONE ETF 464286608 4757 126528 SH SOLE 126528 0 0 iShares MSCI United Kingdom ET MSCI UK ETF NEW 46435G334 4493 138024 SH SOLE 138024 0 0 iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 707 6213 SH SOLE 6213 0 0 iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 770 6701 SH SOLE 6701 0 0 iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 319 1973 SH SOLE 1973 0 0 iShares Russell 2000 Value ETF RUS 2000 VAL ETF 464287630 375 3171 SH SOLE 3171 0 0 iShares Russell Mid-Cap Growth RUS MD CP GR ETF 464287481 380 3667 SH SOLE 3667 0 0 iShares TIPS Bond ETF TIPS BD ETF 464287176 46919 409238 SH SOLE 409238 0 0 Oppenheimer Large Cap Revenue LARGE CAP REV ET 68386C104 4626 101663 SH SOLE 101663 0 0 Oppenheimer Mid Cap Revenue ET MID CAP REV ETF 68386C203 5002 90022 SH SOLE 90022 0 0 Oppenheimer Small Cap Revenue SMALL CAP REV ET 68386C302 2337 35194 SH SOLE 35194 0 0 PowerShares Buyback Achievers DYNA BUYBK ACH 73935X286 31505 606440 SH SOLE 606440 0 0 PowerShares DB Gold Fund DB GOLD FUND 73936B606 12235 306035 SH SOLE 306035 0 0 PowerShares FTSE RAFI Develope DEV MKTS EX-US 73936T789 3632 90587 SH SOLE 90587 0 0 PowerShares FTSE RAFI US 1000 FTSE RAFI 1000 73935X583 8162 79656 SH SOLE 79656 0 0 PowerShares FTSE RAFI US 1500 FTSE US1500 SM 73935X567 3804 32676 SH SOLE 32676 0 0 Schwab Fundamental U.S. Large SCHWAB FDT US LG 808524771 2775 82126 SH SOLE 82126 0 0 Schwab US Dividend Equity ETF US DIVIDEND EQ 808524797 30534 684921 SH SOLE 684921 0 0 Schwab US Large-Cap ETF US LRG CAP ETF 808524201 572 10164 SH SOLE 10164 0 0 Schwab US TIPs ETF US TIPS ETF 808524870 11879 213913 SH SOLE 213913 0 0 SPDR Gold Shares GOLD SHS 78463V107 22088 186048 SH SOLE 186048 0 0 SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 11575 131327 SH SOLE 127827 0 3500 SPDR S&P Emerging Asia Pacific ASIA PACIF ETF 78463X301 1232 14320 SH SOLE 14320 0 0 SPDR S&P Homebuilders ETF S&P HOMEBUILD 78464A888 1556 41797 SH SOLE 41797 0 0 SPDR S&P MidCap 400 ETF Trust UTSER1 S&PCRP 78467Y107 5278 16894 SH SOLE 16894 0 0 SPDR S&P Oil & Gas Exploration S&P OILGAS EXP 78464A730 5492 146700 SH SOLE 146700 0 0 SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 15603 285720 SH SOLE 285720 0 0 SPDR S&P500 ETF Trust TR UNIT 78462F103 76029 322510 SH SOLE 318510 0 4000 VanEck Vectors Agribusiness ET AGRIBUSINESS ETF 92189F700 1053 19693 SH SOLE 19693 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 5312 232900 SH SOLE 232900 0 0 Vanguard Dividend Appreciation DIV APP ETF 921908844 1398 15541 SH SOLE 15541 0 0 Vanguard FTSE All-World ex-US ALLWRLD EX US 922042775 189991 3972213 SH SOLE 3970238 0 1975 Vanguard FTSE All World ex-US FTSE SMCAP ETF 922042718 706 6880 SH SOLE 6880 0 0 Vanguard FTSE Emerging Markets FTSE EMR MKT ETF 922042858 9758 245672 SH SOLE 245672 0 0 Vanguard FTSE Europe ETF FTSE EUROPE ETF 922042874 73009 1415725 SH SOLE 1415725 0 0 Vanguard Growth ETF GROWTH ETF 922908736 111488 916388 SH SOLE 916388 0 0 Vanguard Health Care ETF HEALTH CAR ETF 92204A504 26790 194387 SH SOLE 194387 0 0 Vanguard Information Technolog INF TECH ETF 92204A702 46844 345384 SH SOLE 345384 0 0 Vanguard Int-Term Corp Bond Fu INT-TERM CORP 92206C870 11731 135809 SH SOLE 135809 0 0 Vanguard Large-Cap ETF LARGE CAP ETF 922908637 26707 247082 SH SOLE 247082 0 0 Vanguard Long-Term Corporate B LG-TERM COR BD 92206C813 18406 204734 SH SOLE 204734 0 0 Vanguard Mid-Cap ETF MID CAP ETF 922908629 560 4023 SH SOLE 3966 0 57 Vanguard REIT ETF REIT ETF 922908553 303 3673 SH SOLE 3673 0 0 Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 942 4353 SH SOLE 4353 0 0 Vanguard Short-Term Bond ETF SHORT TRM BOND 921937827 16722 209761 SH SOLE 209761 0 0 Vanguard Short-Term Corporate SHRT TRM CORP BD 92206C409 45659 572604 SH SOLE 572604 0 0 Vanguard Short-Term Inflation- STRM INFPROIDX 922020805 8171 165165 SH SOLE 165165 0 0 Vanguard Total Bond Market ETF TOTAL BND MRKT 921937835 70886 874269 SH SOLE 874269 0 0 Vanguard Value ETF VALUE ETF 922908744 1459 15300 SH SOLE 15300 0 0 WisdomTree Emerging Markets Sm EMG MKTS SMCAP 97717W281 713 15880 SH SOLE 15880 0 0 WisdomTree Europe Hedged Equit EUROPE HEDGED EQ 97717X701 440 7011 SH SOLE 7011 0 0 WisdomTree Japan Hedged Equity JAPN HEDGE EQT 97717W851 36523 721515 SH SOLE 721515 0 0