CUTLER INVESTMENT COUNSEL LLC

PrivateCIK: 1285973

Location

JACKSONVILLE, OR

157

Positions

$1.06B

Total AUM (reported)

12.87M

Total Shares

Allocation by class

COM$458.13M43.1%

MID CAP ETF$52.74M5.0%

CORE MSCI EAFE$48.05M4.5%

ISHS 1-5YR INVS$46.21M4.4%

ST PORT MARK ETF$41.86M3.9%

INTRNL RES EQT$39.63M3.7%

CORE S&P US GWT$35.62M3.4%

Portfolio Concentration

Top 3$147.00M13.8%

4–10$241.19M22.7%

11–25$278.85M26.2%

Rest$395.24M37.2%

Top 3 weight

13.8%

Top 10 weight

36.5%

Voting Authority Distribution

Total shares with voting rights: 12.87M

Sole

Full voting authority

12.73M

% of voting shares98.9%

Shared

Joint voting authority

13.43K

% of voting shares0.1%

None

No voting authority

130.89K

% of voting shares1.0%

Investment Discretion (by position count)

Sole157

Shared0

Other0

Dominant voting typeSole · 98.9% of voting shares

Institutional Holdings157

Rows:

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares654.53K

TypeSH

Market value$52.74M

4.96%

Sole

646.33K

Shared

1.26K

None

6.94K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares497.53K

TypeSH

Market value$48.05M

4.52%

Sole

490.29K

Shared

None

6.24K

ISHARES TR

SOLE

ISHS 1-5YR INVS

Shares881.73K

TypeSH

Market value$46.21M

4.35%

Sole

868.13K

Shared

1.12K

None

12.47K

SPDR INDEX SHS FDS

SOLE

ST PORT MARK ETF

Shares808.42K

TypeSH

Market value$41.86M

3.94%

Sole

799.09K

Shared

1.42K

None

7.90K

J P MORGAN EXCHANGE TRADED F

SOLE

INTRNL RES EQT

Shares480.39K

TypeSH

Market value$39.63M

3.73%

Sole

474.24K

Shared

1.19K

None

4.96K

ISHARES TR

SOLE

CORE S&P US GWT

Shares189.38K

TypeSH

Market value$35.62M

3.35%

Sole

186.92K

Shared

319.00

None

2.15K

CATERPILLAR INC

SOLE

COM

Shares30.93K

TypeSH

Market value$32.93M

3.10%

Sole

30.89K

Shared

0.00

None

34.00

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares208.30K

TypeSH

Market value$30.89M

2.91%

Sole

205.74K

Shared

400.00

None

2.16K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares355.68K

TypeSH

Market value$30.64M

2.88%

Sole

350.98K

Shared

870.00

None

3.83K

SPDR SERIES TRUST

SOLE

ST STR AGGRE ETF

Shares1.16M

TypeSH

Market value$29.62M

2.79%

Sole

1.14M

Shared

1.75K

None

15.04K

ISHARES TR

SOLE

US TREAS BD ETF

Shares1.15M

TypeSH

Market value$26.19M

2.47%

Sole

1.13M

Shared

1.73K

None

16.79K

MICROSOFT CORP

SOLE

COM

Shares67.26K

TypeSH

Market value$25.09M

2.36%

Sole

67.13K

Shared

0.00

None

131.00

WALMART INC

SOLE

COM

Shares217.09K

TypeSH

Market value$24.59M

2.31%

Sole

216.95K

Shared

0.00

None

146.00

RTX CORPORATION

SOLE

COM

Shares115.22K

TypeSH

Market value$21.86M

2.06%

Sole

115.15K

Shared

0.00

None

77.00

DEERE & CO

SOLE

COM

Shares32.31K

TypeSH

Market value$20.55M

1.93%

Sole

32.30K

Shared

0.00

None

9.00

SCHWAB CHARLES CORP

SOLE

COM

Shares186.83K

TypeSH

Market value$17.24M

1.62%

Sole

186.70K

Shared

0.00

None

129.00

BLACKROCK INC

SOLE

COM

Shares17.53K

TypeSH

Market value$16.86M

1.59%

Sole

17.52K

Shared

0.00

None

15.00

TEXAS INSTRS INC

SOLE

COM

Shares56.53K

TypeSH

Market value$16.85M

1.59%

Sole

56.53K

Shared

0.00

None

5.00

REPUBLIC SVCS INC

SOLE

COM

Shares77.51K

TypeSH

Market value$16.52M

1.55%

Sole

77.48K

Shared

0.00

None

33.00

EXXON MOBIL CORP

SOLE

COM

Shares119.45K

TypeSH

Market value$16.33M

1.54%

Sole

119.42K

Shared

0.00

None

29.00

NEXTERA ENERGY INC

SOLE

COM

Shares185.40K

TypeSH

Market value$16.27M

1.53%

Sole

185.36K

Shared

0.00

None

37.00

HOME DEPOT INC

SOLE

COM

Shares46.02K

TypeSH

Market value$16.23M

1.53%

Sole

45.99K

Shared

0.00

None

31.00

CVS HEALTH CORP

SOLE

COM

Shares149.90K

TypeSH

Market value$15.51M

1.46%

Sole

149.87K

Shared

0.00

None

30.00

JPMORGAN CHASE & CO

SOLE

COM

Shares45.62K

TypeSH

Market value$14.93M

1.41%

Sole

45.60K

Shared

0.00

None

15.00

SPDR SERIES TRUST

SOLE

ST STR P500ETF

Shares157.36K

TypeSH

Market value$13.83M

1.30%

Sole

154.81K

Shared

0.00

None

2.56K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
VANGUARD INDEX FDSSOLE	MID CAP ETF	654.53K	SH	$52.74M 4.96%	646.33K	1.26K	6.94K
ISHARES TRSOLE	CORE MSCI EAFE	497.53K	SH	$48.05M 4.52%	490.29K	1K	6.24K
ISHARES TRSOLE	ISHS 1-5YR INVS	881.73K	SH	$46.21M 4.35%	868.13K	1.12K	12.47K
SPDR INDEX SHS FDSSOLE	ST PORT MARK ETF	808.42K	SH	$41.86M 3.94%	799.09K	1.42K	7.90K
J P MORGAN EXCHANGE TRADED FSOLE	INTRNL RES EQT	480.39K	SH	$39.63M 3.73%	474.24K	1.19K	4.96K
ISHARES TRSOLE	CORE S&P US GWT	189.38K	SH	$35.62M 3.35%	186.92K	319.00	2.15K
CATERPILLAR INCSOLE	COM	30.93K	SH	$32.93M 3.10%	30.89K	0.00	34.00
ISHARES TRSOLE	CORE S&P SCP ETF	208.30K	SH	$30.89M 2.91%	205.74K	400.00	2.16K
VANGUARD INDEX FDSSOLE	GROWTH ETF	355.68K	SH	$30.64M 2.88%	350.98K	870.00	3.83K
SPDR SERIES TRUSTSOLE	ST STR AGGRE ETF	1.16M	SH	$29.62M 2.79%	1.14M	1.75K	15.04K
ISHARES TRSOLE	US TREAS BD ETF	1.15M	SH	$26.19M 2.47%	1.13M	1.73K	16.79K
MICROSOFT CORPSOLE	COM	67.26K	SH	$25.09M 2.36%	67.13K	0.00	131.00
WALMART INCSOLE	COM	217.09K	SH	$24.59M 2.31%	216.95K	0.00	146.00
RTX CORPORATIONSOLE	COM	115.22K	SH	$21.86M 2.06%	115.15K	0.00	77.00
DEERE & COSOLE	COM	32.31K	SH	$20.55M 1.93%	32.30K	0.00	9.00
SCHWAB CHARLES CORPSOLE	COM	186.83K	SH	$17.24M 1.62%	186.70K	0.00	129.00
BLACKROCK INCSOLE	COM	17.53K	SH	$16.86M 1.59%	17.52K	0.00	15.00
TEXAS INSTRS INCSOLE	COM	56.53K	SH	$16.85M 1.59%	56.53K	0.00	5.00
REPUBLIC SVCS INCSOLE	COM	77.51K	SH	$16.52M 1.55%	77.48K	0.00	33.00
EXXON MOBIL CORPSOLE	COM	119.45K	SH	$16.33M 1.54%	119.42K	0.00	29.00
NEXTERA ENERGY INCSOLE	COM	185.40K	SH	$16.27M 1.53%	185.36K	0.00	37.00
HOME DEPOT INCSOLE	COM	46.02K	SH	$16.23M 1.53%	45.99K	0.00	31.00
CVS HEALTH CORPSOLE	COM	149.90K	SH	$15.51M 1.46%	149.87K	0.00	30.00
JPMORGAN CHASE & COSOLE	COM	45.62K	SH	$14.93M 1.41%	45.60K	0.00	15.00
SPDR SERIES TRUSTSOLE	ST STR P500ETF	157.36K	SH	$13.83M 1.30%	154.81K	0.00	2.56K

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