MUTUAL FUND COMPLIANCE ASSOCIATE

0001138060-17-000014.txt : 20170814 0001138060-17-000014.hdr.sgml : 20170814 20170814145400 ACCESSION NUMBER: 0001138060-17-000014 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170814 DATE AS OF CHANGE: 20170814 EFFECTIVENESS DATE: 20170814 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: 171029493 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 06-30-2017 06-30-2017 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 08-14-2017 2 245 5409299 false 1 0001299351 028-10986 Madison Asset Management, LLC 2 0001507115 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f2q2017informationta.xml INFORMATION TABLE 3M Company COM 88579Y101 25769 123777 SH SOLE 121297 0 2480 Accenture PLC - Class A SHS CLASS A G1151C101 63154 510621 SH SOLE 485380 0 25241 Allergan plc COM G0177J108 5816 23926 SH SOLE 23926 0 0 Allstate Corp COM 020002101 248 2800 SH SOLE 2800 0 0 Alphabet Inc - Class A CAP STK CL A 02079K305 739 795 SH SOLE 795 0 0 Alphabet Inc - Class C CAP STK CL C 02079K107 58898 64814 SH SOLE 61854 0 2960 Altria Group Inc. COM 02209S103 767 10293 SH SOLE 10293 0 0 Amazon.com Inc COM 023135106 2796 2888 SH SOLE 2888 0 0 Amdocs Ltd SHS G02602103 13168 204285 SH SOLE 204285 0 0 American Financial Group Inc. COM 025932104 728 7326 SH SOLE 7326 0 0 American International Group I COM 026874784 14619 233827 SH SOLE 233827 0 0 American Tower Corp COM 03027X100 78813 595626 SH SOLE 571916 0 23710 Amgen Inc COM 031162100 21589 125352 SH SOLE 122877 0 2475 Amphenol Corp - Class A CL A 032095101 27974 378951 SH SOLE 368476 0 10475 Analog Devices Inc COM 032654105 837 10759 SH SOLE 10759 0 0 Apache Corporation COM 037411105 8546 178310 SH SOLE 178310 0 0 Apple Inc COM 037833100 31631 219629 SH SOLE 217064 0 2565 Arch Capital Group Ltd ORD G0450A105 37795 405132 SH SOLE 393201 0 11931 AT&T Inc COM 00206R102 362 9602 SH SOLE 9602 0 0 Automatic Data Processing Inc COM 053015103 10801 105420 SH SOLE 103105 0 2315 Axalta Coating Systems Ltd COM G0750C108 40915 1276983 SH SOLE 1240822 0 36161 Bank of America Corporation COM 060505104 29649 1222135 SH SOLE 1222135 0 0 Bank of New York Mellon Corpor COM 064058100 17647 345882 SH SOLE 345882 0 0 Baxter International Inc. COM 071813109 17551 289905 SH SOLE 289905 0 0 BB&T Corporation COM 054937107 11031 242922 SH SOLE 235727 0 7195 Becton, Dickinson and Company COM 075887109 5741 29425 SH SOLE 29425 0 0 Berkshire Hathaway Inc - Cl B CL B 084670702 73894 436288 SH SOLE 415210 0 21078 Biogen Inc COM 09062X103 13358 49226 SH SOLE 49226 0 0 Boeing Company (The) COM 097023105 22439 113472 SH SOLE 110583 0 2889 Bristol-Myers Squibb Co COM 110122108 270 4838 SH SOLE 4838 0 0 Brookfield Asset Management In CL A LTD VT SH 112585104 99818 2545736 SH SOLE 2455920 0 89816 Brown-Forman Corporation CL B 115637209 14450 297323 SH SOLE 289454 0 7869 Brown & Brown Inc. COM 115236101 41556 964841 SH SOLE 933240 0 31601 CarMax Inc. COM 143130102 57309 908796 SH SOLE 886476 0 22320 Carnival Corp COM 143658300 20562 313592 SH SOLE 303647 0 9945 Caterpillar Inc COM 149123101 9971 92788 SH SOLE 89603 0 3185 CBS Corp - Cl B CL B 124857202 5040 79014 SH SOLE 79014 0 0 CDW Corp/DE COM 12514G108 79788 1275998 SH SOLE 1234633 0 41365 Celgene Corp COM 151020104 4748 36562 SH SOLE 36562 0 0 Cerner Corporation COM 156782104 4482 67435 SH SOLE 67435 0 0 Charles Schwab Corp/The COM 808513105 22699 528376 SH SOLE 501544 0 26832 Chevron Corporation COM 166764100 17149 164376 SH SOLE 160451 0 3925 Chubb Ltd COM H1467J104 12737 87614 SH SOLE 84967 0 2647 Ciena Corp COM 171779309 7326 292800 SH SOLE 292800 0 0 Cisco Systems Inc COM 17275R102 22371 714730 SH SOLE 694451 0 20279 Citigroup Inc. COM 172967424 4884 73032 SH SOLE 73032 0 0 CME Group Inc/IL COM 12572Q105 17672 141108 SH SOLE 136083 0 5025 Coca-Cola Co COM 191216100 960 21407 SH SOLE 21157 0 250 Colgate-Palmolive Co COM 194162103 259 3492 SH SOLE 3492 0 0 Copart Inc COM 217204106 72425 2278218 SH SOLE 2203046 0 75172 Costco Wholesale Corp COM 22160K105 15270 95479 SH SOLE 95479 0 0 Crown Castle International Cor COM 22822V101 27433 273835 SH SOLE 264312 0 9523 Crown Holdings Inc. COM 228368106 38497 645279 SH SOLE 624880 0 20399 CVS Health Corp COM 126650100 17781 220989 SH SOLE 220899 0 90 Danaher Corp COM 235851102 52392 620831 SH SOLE 583944 0 36887 DaVita Inc COM 23918K108 39457 609274 SH SOLE 589140 0 20134 Baker Hughes Inc COM 057224107 23334 428065 SH SOLE 428065 0 0 Delta Air Lines Inc. COM 247361702 20386 379343 SH SOLE 379343 0 0 Diageo PLC ADR SPON ADR 25243Q205 71531 596936 SH SOLE 566854 0 30082 Discovery Communications Inc - COM SER C 25470F302 5311 210657 SH SOLE 210355 0 302 Discovery Communications Inc. COM SER A 25470F104 873 33800 SH SOLE 33800 0 0 Dollar General Corp COM 256677105 69224 960241 SH SOLE 930474 0 29767 Dow Chemical Co COM 260543103 31593 500915 SH SOLE 500915 0 0 Duke Energy Corp COM 26441C204 9165 109641 SH SOLE 105836 0 3805 Dupont (E.I.) de Nemours and C COM 263534109 10094 125060 SH SOLE 125060 0 0 eBay Inc. COM 278642103 496 14191 SH SOLE 14191 0 0 Ecolab Inc. COM 278865100 1327 9993 SH SOLE 9993 0 0 Emerson Electric Co COM 291011104 12792 214562 SH SOLE 206867 0 7695 Expeditors International of Wa COM 302130109 42635 754864 SH SOLE 733259 0 21605 Express Scripts Holding Compan COM 30219G108 13410 210052 SH SOLE 210052 0 0 Exxon Mobil Corporation COM 30231G102 23092 286035 SH SOLE 278255 0 7780 Fastenal Co. COM 311900104 27160 623928 SH SOLE 603667 0 20261 FedEx Corp COM 31428X106 36584 168336 SH SOLE 168336 0 0 Fortive Corp COM 34959J108 422 6657 SH SOLE 6657 0 0 General Dynamics Corp COM 369550108 12993 65587 SH SOLE 65587 0 0 General Electric Company COM 369604103 15917 589309 SH SOLE 570219 0 19090 General Motors Co COM 37045V100 20973 600425 SH SOLE 600425 0 0 Gilead Sciences Inc. COM 375558103 17102 241625 SH SOLE 241625 0 0 Glacier Bancorp Inc COM 37637Q105 26815 732440 SH SOLE 710181 0 22259 Hartford Financial Services Gr COM 416515104 11740 223315 SH SOLE 223315 0 0 HCA Healthcare Inc COM 40412C101 4032 46233 SH SOLE 46233 0 0 Home Depot Inc. COM 437076102 28083 183071 SH SOLE 179585 0 3486 Humana Inc COM 444859102 18433 76606 SH SOLE 76606 0 0 IHS Markit Ltd SHS G47567105 39794 903589 SH SOLE 878126 0 25463 Intel Corporation COM 458140100 7262 215230 SH SOLE 215230 0 0 Invesco Ltd SHS G491BT108 487 13845 SH SOLE 13845 0 0 Jacobs Engineering Group Inc COM 469814107 36777 676171 SH SOLE 632433 0 43738 JM Smucker Company (The) COM 832696405 47751 403543 SH SOLE 385369 0 18174 Johnson & Johnson COM 478160104 69788 527534 SH SOLE 503877 0 23657 JPMorgan Chase & Co COM 46625H100 32916 360134 SH SOLE 360134 0 0 Kroger Co. (The) COM 501044101 314 13485 SH SOLE 13485 0 0 Laboratory Corp of America Hol COM 50540R409 42821 277807 SH SOLE 269481 0 8326 Liberty Broadband Corporation COM SER C 530307305 51622 595061 SH SOLE 577524 0 17537 Liberty Global plc -Series C SHS CL C G5480U120 44838 1438053 SH SOLE 1395666 0 42387 Lithia Motors Inc. - Class A CL A 536797103 17289 183473 SH SOLE 177536 0 5937 Lowe's Cos Inc COM 548661107 25297 326286 SH SOLE 326286 0 0 Marathon Petroleum Corp COM 56585A102 25930 495515 SH SOLE 495515 0 0 Markel Corporation COM 570535104 88290 90474 SH SOLE 87763 0 2711 McDonald's Corporation COM 580135101 20210 131951 SH SOLE 129524 0 2427 McKesson Corporation COM 58155Q103 5098 30984 SH SOLE 30984 0 0 Medtronic PLC SHS G5960L103 13244 149231 SH SOLE 144251 0 4980 Merck & Co Inc COM 58933Y105 14989 233880 SH SOLE 226260 0 7620 Microsoft Corporation COM 594918104 57223 830157 SH SOLE 820337 0 9820 Mondelez International Inc. - CL A 609207105 326 7545 SH SOLE 7545 0 0 Monsanto Co COM 61166W101 8586 72543 SH SOLE 69998 0 2545 National Oilwell Varco Inc COM 637071101 19495 591845 SH SOLE 591845 0 0 Nestle SA - Spons ADR COM 641069406 25101 287858 SH SOLE 281950 0 5908 NextEra Energy Inc. COM 65339F101 17647 125936 SH SOLE 122651 0 3285 NIKE Inc. - Class B CL B 654106103 212 3600 SH SOLE 3600 0 0 Nordstrom Inc COM 655664100 1641 34300 SH SOLE 34300 0 0 Northern Trust Corp COM 665859104 16666 171442 SH SOLE 168202 0 3240 Novartis AG ADR SPONSORED ADR 66987V109 54455 652393 SH SOLE 612177 0 40216 NRG Energy Inc COM 629377508 27702 1608700 SH SOLE 1608700 0 0 Nucor Corp COM 670346105 15878 274365 SH SOLE 274365 0 0 Occidental Petroleum Corp COM 674599105 6095 101800 SH SOLE 101800 0 0 Oceaneering International Inc COM 675232102 12738 557709 SH SOLE 536025 0 21684 Omnicom Group Inc. COM 681919106 86027 1037723 SH SOLE 1000640 0 37083 Oracle Corporation COM 68389X105 62324 1242991 SH SOLE 1177398 0 65593 PayPal Holdings Inc COM 70450Y103 4134 77018 SH SOLE 77018 0 0 PepsiCo Inc. COM 713448108 18514 160312 SH SOLE 156647 0 3665 Pfizer Inc. COM 717081103 22061 656766 SH SOLE 640676 0 16090 Philip Morris International In COM 718172109 200 1703 SH SOLE 1703 0 0 PNC Financial Services Group I COM 693475105 25874 207206 SH SOLE 202011 0 5195 PPG Industries Inc. COM 693506107 46925 426742 SH SOLE 397717 0 29025 Praxair Inc COM 74005P104 74366 561045 SH SOLE 528264 0 32781 Procter & Gamble Company (The) COM 742718109 18525 212566 SH SOLE 206461 0 6105 Progressive Corp. COM 743315103 4618 104741 SH SOLE 104741 0 0 QUALCOMM Inc. COM 747525103 15841 286864 SH SOLE 286864 0 0 Range Resources Corporation COM 75281A109 7482 322900 SH SOLE 322900 0 0 Reinsurance Group of America I COM 759351604 237 1848 SH SOLE 1848 0 0 Republic Services Inc. COM 760759100 7005 109922 SH SOLE 109922 0 0 Reynolds American Inc. COM 761713106 299 4600 SH SOLE 4600 0 0 RLI Corp COM 749607107 636 11637 SH SOLE 11637 0 0 Ross Stores Inc COM 778296103 44314 767601 SH SOLE 744484 0 23117 S&P Global Inc COM 78409V104 4338 29717 SH SOLE 29717 0 0 Schlumberger Ltd COM 806857108 20300 308325 SH SOLE 301560 0 6765 Southern Co COM 842587107 450 9390 SH SOLE 9390 0 0 Starbucks Corp COM 855244109 4046 69390 SH SOLE 69390 0 0 State Street Corp COM 857477103 3706 41300 SH SOLE 41300 0 0 Stryker Corporation COM 863667101 816 5879 SH SOLE 5879 0 0 T-Mobile US Inc COM 872590104 32641 538445 SH SOLE 538445 0 0 T Rowe Price Group Inc. COM 74144T108 8557 115305 SH SOLE 115235 0 70 TE Connectivity Ltd REG SHS H84989104 73918 939475 SH SOLE 905615 0 33860 Texas Instruments Inc COM 882508104 12025 156307 SH SOLE 150957 0 5350 Thermo Fisher Scientific Inc. COM 883556102 5261 30154 SH SOLE 30154 0 0 Tiffany & Co. COM 886547108 336 3576 SH SOLE 3576 0 0 TJX Cos Inc COM 872540109 38107 528011 SH SOLE 495850 0 32161 Travelers Cos Inc COM 89417E109 14905 117796 SH SOLE 113796 0 4000 U.S. Bancorp COM 902973304 92041 1772749 SH SOLE 1694122 0 78627 UGI Corp COM 902681105 218 4500 SH SOLE 4500 0 0 Union Pacific Corp COM 907818108 12632 115988 SH SOLE 112953 0 3035 United Parcel Service Inc - Cl CL B 911312106 26822 242538 SH SOLE 236483 0 6055 United Technologies Corp COM 913017109 21729 177949 SH SOLE 172544 0 5405 UnitedHealth Group Inc COM 91324P102 566 3055 SH SOLE 2970 0 85 Varian Medical Systems Inc COM 92220P105 37560 363993 SH SOLE 339807 0 24186 Verizon Communications Inc COM 92343V104 20146 451096 SH SOLE 439581 0 11515 Visa Inc - Class A COM CL A 92826C839 47938 511175 SH SOLE 485067 0 26108 W.R. Berkley Corporation COM 084423102 38544 557230 SH SOLE 540320 0 16910 Wabtec Corp/DE COM 929740108 29763 325276 SH SOLE 316024 0 9252 Walt Disney Company (The) COM 254687106 10941 102974 SH SOLE 102974 0 0 Waste Management Inc COM 94106L109 352 4800 SH SOLE 4800 0 0 Wells Fargo & Co COM 949746101 9172 165527 SH SOLE 160302 0 5225 Weyerhaeuser Co COM 962166104 27796 829745 SH SOLE 829745 0 0 Whirlpool Corp COM 963320106 23218 121165 SH SOLE 119590 0 1575 WW Grainger Inc COM 384802104 2984 16529 SH SOLE 16484 0 45 Xilinx Inc COM 983919101 21564 335254 SH SOLE 328689 0 6565 Zoetis Inc CL A 98978V103 30887 495136 SH SOLE 478698 0 16438 Consumer Staples Select Sector SBI CONS STPLS 81369Y308 626 11401 SH SOLE 11401 0 0 Energy Select Sector SPDR Fund SBI INT-ENERGY 81369Y506 2105 32419 SH SOLE 32419 0 0 Guggenheim BulletShares 2017 C GUGG CRP BD 2017 18383M548 2786 123228 SH SOLE 123228 0 0 Guggenheim BulletShares 2018 C GUG BULL2018 E 18383M530 2363 111179 SH SOLE 111179 0 0 Guggenheim BulletShares 2019 C GUG BULL2019 E 18383M522 2253 105983 SH SOLE 105983 0 0 Guggenheim BulletShares 2020 C GUG BULL2020 E 18383M514 1934 90051 SH SOLE 90051 0 0 Guggenheim BulletShares 2021 C GUGG BULSH 2021 18383M266 1030 48365 SH SOLE 48365 0 0 Guggenheim S&P 500 Equal Weigh GUG S&P500 EQ WT 78355W106 8031 86651 SH SOLE 86651 0 0 iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432 34305 274174 SH SOLE 274174 0 0 iShares 3-7 Year Treasury Bond 3-7 YR TR BD ETF 464288661 15547 125812 SH SOLE 125812 0 0 iShares 7-10 Year Treasury Bon 7-10 Y TR BD ETF 464287440 130690 1225870 SH SOLE 1225870 0 0 iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 1940 31866 SH SOLE 31866 0 0 iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 1252 25019 SH SOLE 25019 0 0 iShares Core S&P 500 ETF CORE S&P500 ETF 464287200 64198 263743 SH SOLE 263743 0 0 iShares Core S&P Mid-Cap ETF CORE S&P MCP ETF 464287507 116159 667771 SH SOLE 664521 0 3250 iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 37013 527924 SH SOLE 523936 0 3988 iShares Edge MSCI Min Vol EAFE MIN VOL EAFE ETF 46429B689 26876 388155 SH SOLE 385117 0 3038 iShares Edge MSCI Min Vol Emer MIN VOL EMRG MKT 464286533 9213 166306 SH SOLE 166306 0 0 iShares Intermediate Credit Bo INTERM CR BD ETF 464288638 7737 70478 SH SOLE 70478 0 0 iShares MSCI Canada ETF MSCI CDA ETF 464286509 2526 94376 SH SOLE 94376 0 0 iShares MSCI EAFE ETF MSCI EAFE ETF 464287465 1400 21470 SH SOLE 18203 0 3267 iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 212 5121 SH SOLE 5121 0 0 iShares MSCI Eurozone ETF MSCI EURZONE ETF 464286608 41949 1040279 SH SOLE 1040279 0 0 iShares MSCI United Kingdom ET MSCI UK ETF NEW 46435G334 4233 127000 SH SOLE 127000 0 0 iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 739 6213 SH SOLE 6213 0 0 iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 780 6701 SH SOLE 6701 0 0 iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 333 1973 SH SOLE 1973 0 0 iShares Russell 2000 Value ETF RUS 2000 VAL ETF 464287630 377 3171 SH SOLE 3171 0 0 iShares Russell Mid-Cap Growth RUS MD CP GR ETF 464287481 396 3667 SH SOLE 3667 0 0 iShares TIPS Bond ETF TIPS BD ETF 464287176 39293 346405 SH SOLE 346405 0 0 Oppenheimer Large Cap Revenue LARGE CAP REV ET 68386C104 5156 110915 SH SOLE 110915 0 0 Oppenheimer Mid Cap Revenue ET MID CAP REV ETF 68386C203 5340 94781 SH SOLE 94781 0 0 Oppenheimer Small Cap Revenue SMALL CAP REV ET 68386C302 2561 38790 SH SOLE 38790 0 0 PowerShares Buyback Achievers DYNA BUYBK ACH 73935X286 24350 453697 SH SOLE 453697 0 0 PowerShares DB Gold Fund DB GOLD FUND 73936B606 10570 266718 SH SOLE 266718 0 0 PowerShares FTSE RAFI Develope DEV MKTS EX-US 73936T789 3851 92269 SH SOLE 92269 0 0 PowerShares FTSE RAFI US 1000 FTSE RAFI 1000 73935X583 8074 78104 SH SOLE 78104 0 0 PowerShares FTSE RAFI US 1500 FTSE US1500 SM 73935X567 3863 32644 SH SOLE 32644 0 0 PowerShares Optimum Yield Dive OPT YLD DIV 73937V106 1287 81556 SH SOLE 81556 0 0 PowerShares S&P 500 Quality Po S&P 500 QLTY PRT 73935X682 5304 189709 SH SOLE 189709 0 0 Schwab Fundamental Internation SCHWB FDT INT LG 808524755 287 10248 SH SOLE 10248 0 0 Schwab Fundamental U.S. Large SCHWAB FDT US LG 808524771 3370 99640 SH SOLE 99640 0 0 Schwab Intermediate-Term U.S. INTRM TRM TRES 808524854 33680 624045 SH SOLE 624045 0 0 Schwab US Dividend Equity ETF US DIVIDEND EQ 808524797 26514 587895 SH SOLE 587895 0 0 Schwab US Large-Cap ETF US LRG CAP ETF 808524201 579 10017 SH SOLE 10017 0 0 Schwab US TIPs ETF US TIPS ETF 808524870 12901 234301 SH SOLE 234301 0 0 SPDR Gold Shares GOLD SHS 78463V107 22704 192370 SH SOLE 192370 0 0 SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 11663 131207 SH SOLE 127707 0 3500 SPDR S&P Emerging Asia Pacific ASIA PACIF ETF 78463X301 1320 14426 SH SOLE 14426 0 0 SPDR S&P Homebuilders ETF S&P HOMEBUILD 78464A888 1551 40256 SH SOLE 40256 0 0 SPDR S&P MidCap 400 ETF Trust UTSER1 S&PCRP 78467Y107 5370 16908 SH SOLE 16908 0 0 SPDR S&P Oil & Gas Exploration S&P OILGAS EXP 78464A730 7027 220151 SH SOLE 220151 0 0 SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 7007 127514 SH SOLE 127514 0 0 SPDR S&P500 ETF Trust TR UNIT 78462F103 70744 292572 SH SOLE 288572 0 4000 VanEck Vectors Agribusiness ET AGRIBUSINESS ETF 92189F700 498 9058 SH SOLE 9058 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 5142 232900 SH SOLE 232900 0 0 Vanguard Dividend Appreciation DIV APP ETF 921908844 1399 15092 SH SOLE 15092 0 0 Vanguard Financials ETF FINANCIALS ETF 92204A405 10835 173214 SH SOLE 173214 0 0 Vanguard FTSE All-World ex-US ALLWRLD EX US 922042775 202953 4056629 SH SOLE 4054654 0 1975 Vanguard FTSE All World ex-US FTSE SMCAP ETF 922042718 1017 9409 SH SOLE 9409 0 0 Vanguard FTSE Emerging Markets FTSE EMR MKT ETF 922042858 14623 358145 SH SOLE 358145 0 0 Vanguard FTSE Europe ETF FTSE EUROPE ETF 922042874 74417 1349605 SH SOLE 1349605 0 0 Vanguard Growth ETF GROWTH ETF 922908736 96148 756834 SH SOLE 756834 0 0 Vanguard Health Care ETF HEALTH CAR ETF 92204A504 26630 180704 SH SOLE 180704 0 0 Vanguard Information Technolog INF TECH ETF 92204A702 40550 287917 SH SOLE 287917 0 0 Vanguard Int-Term Corp Bond Fu INT-TERM CORP 92206C870 11482 131182 SH SOLE 131182 0 0 Vanguard Large-Cap ETF LARGE CAP ETF 922908637 27713 249622 SH SOLE 249622 0 0 Vanguard Long-Term Corporate B LG-TERM COR BD 92206C813 15772 169049 SH SOLE 169049 0 0 Vanguard Mid-Cap ETF MID CAP ETF 922908629 726 5091 SH SOLE 5091 0 0 Vanguard REIT ETF REIT ETF 922908553 408 4904 SH SOLE 4904 0 0 Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 967 4353 SH SOLE 4353 0 0 Vanguard Short-Term Bond ETF SHORT TRM BOND 921937827 16690 209015 SH SOLE 209015 0 0 Vanguard Short-Term Corporate SHRT TRM CORP BD 92206C409 53690 670785 SH SOLE 670785 0 0 Vanguard Short-Term Inflation- STRM INFPROIDX 922020805 2703 54909 SH SOLE 54909 0 0 Vanguard Total Bond Market ETF TOTAL BND MRKT 921937835 71313 871476 SH SOLE 871476 0 0 Vanguard Value ETF VALUE ETF 922908744 2167 22437 SH SOLE 22437 0 0 WisdomTree Emerging Markets Sm EMG MKTS SMCAP 97717W281 977 21345 SH SOLE 21345 0 0 WisdomTree Japan Hedged Equity JAPN HEDGE EQT 97717W851 34869 670559 SH SOLE 670559 0 0