0001138060-19-000004.txt : 20190208 0001138060-19-000004.hdr.sgml : 20190208 20190208163113 ACCESSION NUMBER: 0001138060-19-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190208 DATE AS OF CHANGE: 20190208 EFFECTIVENESS DATE: 20190208 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: 19580359 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 12-31-2018 12-31-2018 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 608-216-9193 TREY D. EDGERLE MADISON WI 02-07-2019 2 230 4949059 false 1 0001299351 028-10986 Madison Asset Management, LLC 2 0001507115 028-14137 Madison Investment Advisors, LLC INFORMATION TABLE 2 mihi13f4q2018informationta.xml INFORMATION TABLE 3M Co COM 88579Y101 13802 72435 SH SOLE 71988 0 447 Abbott Laboratories COM 002824100 256 3540 SH SOLE 3540 0 0 Accenture PLC COM G1151C101 34781 246658 SH SOLE 239782 0 6876 Adobe Inc COM 00724F101 505 2230 SH SOLE 2230 0 0 AES Corp/VA COM 00130H105 25650 1773825 SH SOLE 1773825 0 0 Alcoa Corp COM 013872106 5348 201200 SH SOLE 201200 0 0 Alliance Data Systems Corp COM 018581108 14764 98371 SH SOLE 95744 0 2627 Allstate Corp COM 020002101 231 2800 SH SOLE 2800 0 0 Alphabet Inc CAP STK CL C 02079K107 64071 61868 SH SOLE 59935 0 1933 Alphabet Inc CAP STK CL A 02079K305 340 325 SH SOLE 325 0 0 Altria Group Inc. COM 02209S103 464 9393 SH SOLE 9393 0 0 Amazon.com Inc COM 023135106 245 163 SH SOLE 163 0 0 American Express Co COM 025816109 6360 66720 SH SOLE 66720 0 0 American Tower Corp COM 03027X100 53012 335113 SH SOLE 323539 0 11574 Amgen Inc COM 031162100 13967 71746 SH SOLE 71671 0 75 Amphenol Corp CL A 032095101 31274 386004 SH SOLE 373200 0 12804 Analog Devices Inc COM 032654105 37448 436304 SH SOLE 424094 0 12210 Aon PLC SHS CL A G0408V102 6417 44145 SH SOLE 44145 0 0 Apache Corp COM 037411105 4959 188900 SH SOLE 188900 0 0 Apple Inc COM 037833100 6530 41395 SH SOLE 40827 0 568 Arch Capital Group Ltd COM G0450A105 59029 2209184 SH SOLE 2139224 0 69960 Archer-Daniels-Midland Co COM 039483102 20201 493075 SH SOLE 493075 0 0 AT&T Inc COM 00206R102 550 19267 SH SOLE 19267 0 0 Automatic Data Processing Inc COM 053015103 11186 85312 SH SOLE 84547 0 765 Axalta Coating Systems Ltd COM G0750C108 36174 1544568 SH SOLE 1501322 0 43246 Baker Hughes a GE Co CL A 05722G100 5827 271000 SH SOLE 271000 0 0 Bank of America Corp COM 060505104 16536 671104 SH SOLE 671104 0 0 Bank of New York Mellon Corp/T COM 064058100 3873 82274 SH SOLE 82274 0 0 Barrick Gold Corp COM 067901108 5869 433450 SH SOLE 433450 0 0 Baxter International Inc. COM 071813109 21003 319105 SH SOLE 319105 0 0 BB&T Corp COM 054937107 303 6989 SH SOLE 6989 0 0 Becton Dickinson and Co COM 075887109 4906 21772 SH SOLE 21213 0 559 Berkshire Hathaway Inc CL B 084670702 58392 285983 SH SOLE 275964 0 10019 Biogen Inc COM 09062X103 330 1095 SH SOLE 1095 0 0 BlackRock Inc COM 09247X101 7642 19455 SH SOLE 19434 0 21 Boeing Co (The) COM 097023105 1189 3687 SH SOLE 3687 0 0 Booking Holdings Inc COM 09857L108 31360 18207 SH SOLE 17511 0 696 Boston Properties Inc COM 101121101 6962 61855 SH SOLE 61855 0 0 Bristol-Myers Squibb Co COM 110122108 2982 57376 SH SOLE 56191 0 1185 Broadcom Inc COM 11135F101 5963 23450 SH SOLE 23450 0 0 Brookfield Asset Management In CL A LTD VT SH 112585104 90868 2369446 SH SOLE 2285725 0 83721 Brown-Forman Corp CL B 115637209 10713 225164 SH SOLE 218000 0 7164 Brown & Brown Inc. COM 115236101 48836 1771983 SH SOLE 1714813 0 57170 Canadian Natural Resources Ltd COM 136385101 4942 204800 SH SOLE 204800 0 0 CarMax Inc COM 143130102 83016 1323383 SH SOLE 1276805 0 46578 Caterpillar Inc COM 149123101 431 3395 SH SOLE 3395 0 0 CDW Corp/DE COM 12514G108 70554 870505 SH SOLE 839963 0 30542 CenturyLink Inc COM 156700106 19461 1284555 SH SOLE 1284555 0 0 Cerner Corp COM 156782104 3278 62500 SH SOLE 62500 0 0 Charles Schwab Corp/The COM 808513105 27720 667481 SH SOLE 642648 0 24833 Chevron Corp COM 166764100 25508 234471 SH SOLE 233095 0 1376 Chubb Ltd COM H1467J104 8361 64722 SH SOLE 64650 0 72 Cisco Systems Inc COM 17275R102 22520 519739 SH SOLE 516757 0 2982 Citigroup Inc COM 172967424 5528 106183 SH SOLE 106183 0 0 Cleveland-Cliffs Inc COM 185899101 6157 800700 SH SOLE 800700 0 0 CME Group Inc COM 12572Q105 18481 98242 SH SOLE 98125 0 117 Coca-Cola Co COM 191216100 807 17044 SH SOLE 16794 0 250 Cognizant Technology Solutions CL A 192446102 41234 649564 SH SOLE 625148 0 24416 Comcast Corp CL A 20030N101 22711 666989 SH SOLE 663751 0 3238 Copart Inc COM 217204106 60775 1271982 SH SOLE 1227536 0 44446 Costco Wholesale Corp COM 22160K105 5589 27436 SH SOLE 26561 0 875 Crown Castle International Cor COM 22822V101 33409 307553 SH SOLE 297633 0 9920 Crown Holdings Inc. COM 228368106 23894 574795 SH SOLE 557571 0 17224 CVS Health Corp COM 126650100 6144 93775 SH SOLE 93685 0 90 Danaher Corp COM 235851102 50101 485855 SH SOLE 468712 0 17143 Delta Air Lines Inc. COM 247361702 5067 101541 SH SOLE 101541 0 0 Diageo PLC - ADR SPON ADR 25243Q205 18902 133297 SH SOLE 132457 0 840 Discovery Inc COM SER A 25470F302 17865 774050 SH SOLE 774050 0 0 Dollar Tree Inc. COM 256746108 103502 1145953 SH SOLE 1105236 0 40717 Dominion Energy Inc COM 25746U109 10651 149048 SH SOLE 148883 0 165 DowDuPont Inc COM 26078J100 5959 111423 SH SOLE 111423 0 0 Duke Energy Corp COM 26441C204 514 5957 SH SOLE 5957 0 0 Ecolab Inc. COM 278865100 1218 8269 SH SOLE 7959 0 310 Eli Lilly & Co COM 532457108 18817 162610 SH SOLE 162610 0 0 Emerson Electric Co COM 291011104 7928 132684 SH SOLE 132534 0 150 EOG Resources Inc. COM 26875P101 22054 252881 SH SOLE 252881 0 0 Expeditors International of Wa COM 302130109 47566 698578 SH SOLE 675875 0 22703 Exxon Mobil Corp COM 30231G102 21458 314681 SH SOLE 314681 0 0 Fastenal Co COM 311900104 47618 910651 SH SOLE 890778 0 19873 FedEx Corp COM 31428X106 4340 26900 SH SOLE 26900 0 0 First Data Corp CL A 32008D106 14770 873455 SH SOLE 873455 0 0 Floor & Decor Holdings Inc CL A 339750101 21106 814906 SH SOLE 790139 0 24767 Freeport-McMoRan Inc CL B 35671D857 6380 618800 SH SOLE 618800 0 0 General Dynamics Corp COM 369550108 388 2470 SH SOLE 2470 0 0 General Motors Co COM 37045V100 6834 204300 SH SOLE 204300 0 0 Gilead Sciences Inc. COM 375558103 4541 72600 SH SOLE 72600 0 0 Glacier Bancorp Inc COM 37637Q105 27402 691612 SH SOLE 669404 0 22208 Henry Schein Inc COM 806407102 90439 1151796 SH SOLE 1111618 0 40178 Hershey Co/The COM 427866108 11245 104915 SH SOLE 104795 0 120 Home Depot Inc. COM 437076102 17866 103981 SH SOLE 103284 0 697 Humana Inc COM 444859102 8190 28590 SH SOLE 28590 0 0 IHS Markit Ltd SHS G47567105 41343 861846 SH SOLE 833835 0 28011 Intel Corp COM 458140100 211 4498 SH SOLE 4498 0 0 Jacobs Engineering Group Inc COM 469814107 72563 1241250 SH SOLE 1204590 0 36660 JM Smucker Co COM 832696405 5955 63700 SH SOLE 63700 0 0 Johnson & Johnson COM 478160104 57405 444826 SH SOLE 437170 0 7656 JPMorgan Chase & Co COM 46625H100 22673 232256 SH SOLE 232256 0 0 Laboratory Corp of America Hol COM 50540R409 36238 286780 SH SOLE 277137 0 9643 Liberty Broadband Corp COM SER C 530307305 50658 703284 SH SOLE 680406 0 22878 Liberty Global PLC SHS CL C G5480U120 19048 922885 SH SOLE 897893 0 24992 Linde PLC COM G5494J103 55768 357397 SH SOLE 347828 0 9569 Lowe's Cos Inc COM 548661107 51254 554935 SH SOLE 535928 0 19007 Markel Corp COM 570535104 56636 54560 SH SOLE 52791 0 1769 McDonald's Corp COM 580135101 22232 125202 SH SOLE 124719 0 483 McKesson Corp COM 58155Q103 1160 10500 SH SOLE 10500 0 0 Medtronic PLC SHS G5960L103 50808 558579 SH SOLE 558244 0 335 Merck & Co Inc COM 58933Y105 26750 350083 SH SOLE 349708 0 375 Microsoft Corp COM 594918104 31591 311027 SH SOLE 308846 0 2181 Mohawk Industries Inc CL A 608190104 26086 223034 SH SOLE 217073 0 5961 Mondelez International Inc CL A 609207105 232 5795 SH SOLE 5795 0 0 Murphy Oil Corp COM 626717102 5221 223210 SH SOLE 223210 0 0 Nestle SA - ADR COM 641069406 19514 241036 SH SOLE 239520 0 1516 NewMarket Corp COM 651587107 19977 48478 SH SOLE 47067 0 1411 Newmont Mining Corp COM 651639106 9006 259900 SH SOLE 259900 0 0 NextEra Energy Inc. COM 65339F101 19347 111307 SH SOLE 110187 0 1120 Nordstrom Inc COM 655664100 2438 52300 SH SOLE 52300 0 0 Northern Trust Corp COM 665859104 15242 182346 SH SOLE 181511 0 835 Novartis AG - ADR SPONSORED ADR 66987V109 73957 861871 SH SOLE 837401 0 24470 NRG Energy Inc COM 629377508 17696 446860 SH SOLE 446860 0 0 O'Reilly Automotive Inc COM 67103H107 51459 149448 SH SOLE 144601 0 4847 Oceaneering International Inc COM 675232102 285 23554 SH SOLE 23338 0 216 Omnicom Group Inc. COM 681919106 61442 838910 SH SOLE 809964 0 28946 Oracle Corp COM 68389X105 495 10968 SH SOLE 10968 0 0 PACCAR Inc. COM 693718108 32637 571173 SH SOLE 548630 0 22543 Paychex Inc COM 704326107 7613 116849 SH SOLE 116714 0 135 PepsiCo Inc. COM 713448108 24843 224866 SH SOLE 224170 0 696 Pfizer Inc. COM 717081103 28804 659896 SH SOLE 656367 0 3529 PNC Financial Services Group I COM 693475105 4808 41126 SH SOLE 40000 0 1126 PPG Industries Inc COM 693506107 61238 599026 SH SOLE 576967 0 22059 Procter & Gamble Co COM 742718109 41366 450018 SH SOLE 448845 0 1173 Progressive Corp COM 743315103 4566 75682 SH SOLE 74337 0 1345 Prologis Inc COM 74340W103 4601 78350 SH SOLE 78350 0 0 QUALCOMM Inc COM 747525103 8300 145852 SH SOLE 145852 0 0 Range Resources Corp COM 75281A109 4251 444200 SH SOLE 444200 0 0 Regions Financial Corp COM 7591EP100 4382 327500 SH SOLE 327500 0 0 RLI Corp COM 749607107 581 8423 SH SOLE 8423 0 0 Ross Stores Inc COM 778296103 24669 296503 SH SOLE 287023 0 9480 Sempra Energy COM 816851109 21175 195720 SH SOLE 195720 0 0 Starbucks Corp COM 855244109 63532 986517 SH SOLE 960049 0 26468 Steel Dynamics Inc COM 858119100 5137 171000 SH SOLE 171000 0 0 T-Mobile US Inc COM 872590104 6865 107930 SH SOLE 107930 0 0 Target Corp COM 87612E106 3030 45848 SH SOLE 44818 0 1030 TE Connectivity Ltd REG SHS H84989104 65819 870271 SH SOLE 839344 0 30927 Texas Instruments Inc COM 882508104 6739 71317 SH SOLE 71241 0 76 Tiffany & Co COM 886547108 426 5295 SH SOLE 5295 0 0 TJX Cos Inc COM 872540109 76648 1713177 SH SOLE 1661412 0 51765 Transocean Ltd REG SHS H8817H100 3019 435000 SH SOLE 435000 0 0 Travelers Cos Inc COM 89417E109 12712 106155 SH SOLE 106030 0 125 U.S. Bancorp COM 902973304 90024 1969886 SH SOLE 1922186 0 47700 UGI Corp COM 902681105 240 4500 SH SOLE 4500 0 0 Union Pacific Corp COM 907818108 14538 105170 SH SOLE 104324 0 846 United Parcel Service Inc CL B 911312106 18451 189181 SH SOLE 188005 0 1176 United Technologies Corp COM 913017109 11825 111052 SH SOLE 110882 0 170 UnitedHealth Group Inc COM 91324P102 910 3653 SH SOLE 3568 0 85 Vale SA ADR 91912E105 6921 524715 SH SOLE 524715 0 0 Varian Medical Systems Inc COM 92220P105 24507 216286 SH SOLE 208503 0 7783 Verisk Analytics Inc COM 92345Y106 202 1850 SH SOLE 1850 0 0 Verizon Communications Inc COM 92343V104 43046 765673 SH SOLE 762901 0 2772 Vertex Pharmaceuticals Inc COM 92532F100 497 3000 SH SOLE 3000 0 0 Visa Inc COM CL A 92826C839 42955 325563 SH SOLE 313939 0 11624 Walt Disney Co COM 254687106 4662 42517 SH SOLE 41355 0 1162 Waste Management Inc COM 94106L109 400 4500 SH SOLE 4500 0 0 Wells Fargo & Co COM 949746101 17408 377774 SH SOLE 377774 0 0 Whirlpool Corp COM 963320106 1421 13300 SH SOLE 13300 0 0 W.R. Berkley Corporation COM 084423102 30608 414123 SH SOLE 400798 0 13325 Xilinx Inc COM 983919101 6487 76170 SH SOLE 76170 0 0 Energy Select Sector SPDR Fund SBI INT-ENERGY 81369Y506 14351 250229 SH SOLE 250229 0 0 Invesco BuyBack Achievers ETF BUYBACK ACHIEV 46137V308 1852 35501 SH SOLE 35501 0 0 Invesco DB Gold Fund GOLD FD 46140H601 6168 156000 SH SOLE 156000 0 0 Invesco Dynamic Pharmaceutical DYNMC PHRMCTLS 46137V662 4849 77763 SH SOLE 77763 0 0 Invesco FTSE RAFI US 1000 ETF FTSE RAFI 1000 46137V613 869 8552 SH SOLE 8552 0 0 Invesco FTSE RAFI US 1500 Smal FTSE RAFI 1500 46137V597 589 5178 SH SOLE 5178 0 0 Invesco Optimum Yield Diversif OPTIMUM YIELD 46090F100 36595 2428306 SH SOLE 2428306 0 0 Invesco S&P 500 Quality ETF S&P500 QUALITY 46137V241 19842 713477 SH SOLE 713477 0 0 iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432 59949 493368 SH SOLE 493368 0 0 iShares 7-10 Year Treasury Bon 7-10 Y TR BD ETF 464287440 1947 18684 SH SOLE 18684 0 0 iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 360 6540 SH SOLE 6540 0 0 iShares Core MSCI Emerging Mar CORE MSCI EMKT 46434G103 211 4479 SH SOLE 4479 0 0 iShares Core S&P 500 ETF CORE S&P500 ETF 464287200 39953 158789 SH SOLE 157723 0 1066 iShares Core S&P Mid-Cap ETF CORE S&P MCP ETF 464287507 59383 357598 SH SOLE 357565 0 33 iShares Core S&P Small-Cap ETF CORE S&P SCP ETF 464287804 34881 503188 SH SOLE 502357 0 831 iShares Currency Hedged MSCI E CUR HD EURZN ETF 46434V803 8035 311296 SH SOLE 311296 0 0 iShares Edge MSCI Min Vol EAFE MIN VOL EAFE ETF 46429B689 34793 521949 SH SOLE 521949 0 0 iShares Edge MSCI Min Vol Emer MIN VOL EMRG MKT 464286533 13245 237060 SH SOLE 237060 0 0 iShares Edge MSCI Min Vol USA MIN VOL USA ETF 46429B697 38863 741655 SH SOLE 741655 0 0 iShares Edge MSCI USA Quality USA QUALITY FCTR 46432F339 13339 173780 SH SOLE 173780 0 0 iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 241 4791 SH SOLE 4791 0 0 iShares MSCI EAFE ETF MSCI EAFE ETF 464287465 273 4637 SH SOLE 4637 0 0 iShares MSCI Eurozone ETF MSCI EURZONE ETF 464286608 993 28328 SH SOLE 28328 0 0 iShares MSCI Japan ETF MSCI JPN ETF 46434G822 24098 475397 SH SOLE 475397 0 0 iShares MSCI United Kingdom ET MSCI UK ETF 46435G334 11579 394504 SH SOLE 394504 0 0 iShares Nasdaq Biotechnology E NASDAQ BIOTECH 464287556 1568 16264 SH SOLE 16264 0 0 iShares Russell 1000 ETF RUS 1000 ETF 464287622 991 7147 SH SOLE 7147 0 0 iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 539 4115 SH SOLE 4115 0 0 iShares Russell 1000 Value ETF RUS 1000 VAL ETF 464287598 358 3228 SH SOLE 3228 0 0 iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 346 2062 SH SOLE 2062 0 0 iShares Russell 2000 Value ETF RUS 2000 VAL ETF 464287630 345 3211 SH SOLE 3211 0 0 iShares Russell Mid-Cap ETF RUS MID CAP ETF 464287499 858 18464 SH SOLE 18464 0 0 iShares Russell Mid-Cap Growth RUS MD CP GR ETF 464287481 417 3667 SH SOLE 3667 0 0 iShares Short Treasury Bond ET SHORT TREAS BD 464288679 1469 13320 SH SOLE 13005 0 315 iShares TIPS Bond ETF TIPS BD ETF 464287176 22395 204502 SH SOLE 204502 0 0 Schwab Fundamental U.S. Large SCHWAB FDT US LG 808524771 8560 251899 SH SOLE 247636 0 4263 Schwab Intermediate-Term U.S. INTRM TRM TRES 808524854 119488 2256616 SH SOLE 2256616 0 0 Schwab US Dividend Equity ETF US DIVIDEND EQ 808524797 37793 804629 SH SOLE 804629 0 0 Schwab US Large-Cap ETF US LRG CAP ETF 808524201 454 7608 SH SOLE 7608 0 0 Schwab US TIPS ETF US TIPS ETF 808524870 84732 1591203 SH SOLE 1591203 0 0 SPDR Gold Shares GOLD SHS 78463V107 233 1922 SH SOLE 1922 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 81513 326158 SH SOLE 324538 0 1620 SPDR S&P China ETF S&P CHINA ETF 78463X400 3532 41646 SH SOLE 41646 0 0 SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 5266 58822 SH SOLE 58822 0 0 SPDR S&P Emerging Asia Pacific ASIA PACIF ETF 78463X301 19461 221754 SH SOLE 221754 0 0 SPDR S&P MidCap 400 ETF Trust UTSER1 S&PCRP 78467Y107 14026 46340 SH SOLE 42048 0 4292 TrimTabs All Cap US Free-Cash- ALL CAP US FREE 89628W302 1301 41427 SH SOLE 41427 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 5150 244200 SH SOLE 244200 0 0 Vanguard Consumer Staples ETF CONSUM STP ETF 92204A207 9394 71614 SH SOLE 71614 0 0 Vanguard Dividend Appreciation DIV APP ETF 921908844 1507 15384 SH SOLE 15384 0 0 Vanguard Financials ETF FINANCIALS ETF 92204A405 225 3783 SH SOLE 3783 0 0 Vanguard FTSE All-World ex-US ALLWRLD EX US 922042775 86496 1897677 SH SOLE 1897677 0 0 Vanguard FTSE Emerging Markets FTSE EMR MKT ETF 922042858 21506 564465 SH SOLE 564465 0 0 Vanguard FTSE Europe ETF FTSE EUROPE ETF 922042874 48647 1000551 SH SOLE 1000551 0 0 Vanguard Growth ETF GROWTH ETF 922908736 56917 423711 SH SOLE 423711 0 0 Vanguard Health Care ETF HEALTH CAR ETF 92204A504 7735 48166 SH SOLE 48166 0 0 Vanguard Information Technolog INF TECH ETF 92204A702 39470 236586 SH SOLE 236586 0 0 Vanguard Large-Cap ETF LARGE CAP ETF 922908637 25363 220818 SH SOLE 220818 0 0 Vanguard Long-Term Corporate B LG-TERM COR BD 92206C813 1635 19197 SH SOLE 19197 0 0 Vanguard Short-Term Corporate SHRT TRM CORP BD 92206C409 68185 874843 SH SOLE 874843 0 0 Vanguard Short-Term Treasury E SHORT TERM TREAS 92206C102 55527 923611 SH SOLE 923611 0 0 Vanguard Total Bond Market ETF TOTAL BND MRKT 921937835 52725 665636 SH SOLE 665636 0 0 WisdomTree Japan Hedged Equity JAPN HEDGE EQT 97717W851 17762 382889 SH SOLE 382889 0 0 Xtrackers MSCI EAFE Hedged Equ XTRACK MSCI EAFE 233051200 6000 215070 SH SOLE 215070 0 0