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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] FOR THE FISCAL YEAR ENDED JUNE 30, 2022, OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] for the transition period from _________ to _______________
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below: The Profit Sharing Retirement Plan of The Procter & Gamble Commercial Company, The
Procter & Gamble Company, Two Procter & Gamble Plaza, Cincinnati, Ohio 45202.
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: The Procter & Gamble Company, One Procter & Gamble Plaza, Cincinnati,
Ohio 45202
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Item 4.
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Plan Financial Statements and Schedules Prepared in Accordance with the Financial Reporting Requirements of ERISA.
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EXHIBITS:
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SIGNATURE
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Kyle Scheidler |
Group Manager |
The Profit Sharing Retirement
Plan of The Procter & Gamble
Commercial Company
Employer ID No.: 66-0676831
Plan Number: 001
Financial Statements as of and for the
Years Ended June 30, 2022 and June 30, 2021,
Supplemental Schedule as of June 30, 2022, and
Independent Auditors' Report
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TABLE OF CONTENTS | |||
Page | |||
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
1 | ||
FINANCIAL STATEMENTS: | |||
Statements of Net Assets Available for Benefits as of June 30, 2022 and June 30, 2021 | 2 |
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Statements of Changes in Net Assets Available for Benefits for the Years Ended June 30, 2022 and June 30, 2021 | 3 |
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Notes to Financial Statements as of and for the Years Ended June 30, 2022 and June 30, 2021 | 4-8 | ||
SUPPLEMENTAL SCHEDULE - | 9 | ||
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of June 30, 2022 | 10 | ||
NOTE: |
All other schedules required by Section 2520.103-10 of the Department of Labor's Rules
and Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974 have been omitted because they are not applicable.
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THE PROFIT SHARING RETIREMENT PLAN OF
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THE PROCTER & GAMBLE COMMERCIAL COMPANY
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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AS OF JUNE 30, 2022 AND JUNE 30, 2021
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2022
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2021
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PARTICIPANT-DIRECTED INVESTMENTS — At fair value:
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Cash
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$ 5,025
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$ 2,386
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The Procter & Gamble Company common stock
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30,929,804
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29,629,279
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The J.M. Smucker Company common stock
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175,886
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176,215
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Common collective trust
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40,729
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34,850
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Mutual funds
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53,476,173
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62,461,096
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Total participant-directed investments — at fair value
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84,627,617
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92,303,826
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RECEIVABLES:
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Accrued investment income
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29,708
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20,032
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Companies contributions receivable
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579,051
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529,787
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Total receivables
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608,759
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549,819
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NET ASSETS AVAILABLE FOR BENEFITS
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$ 85,236,376
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$ 92,853,645
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See notes to financial statements.
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THE PROFIT SHARING RETIREMENT PLAN OF
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THE PROCTER & GAMBLE COMMERCIAL COMPANY
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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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FOR THE YEARS ENDED JUNE 30, 2022 AND JUNE 30, 2021
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2022
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2021
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NET INVESTMENT (LOSS)/INCOME:
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Net (depreciation)/appreciation in fair value of investments
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$ (6,203,381)
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$ 16,053,656
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Dividend income
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1,747,789
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1,564,014
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Interest income
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10,006
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2,789
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Total investment (loss)/income, net
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(4,445,586)
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17,620,459
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COMPANIES’ CONTRIBUTIONS
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579,051
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529,787
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DEDUCTIONS:
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Benefits paid to participants
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3,717,827
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1,666,729
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Administrative expenses
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32,907
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37,610
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Total deductions
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3,750,734
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1,704,339
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NET (DECREASE)/INCREASE IN NET ASSETS
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(7,617,269)
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16,445,907
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NET ASSETS AVAILABLE FOR BENEFITS:
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Beginning of year
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92,853,645
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76,407,738
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End of year
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$ 85,236,376
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$ 92,853,645
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See notes to financial statements.
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1.
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PLAN DESCRIPTION
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Contribution
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Years of Service
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Percentage
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1–3
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8 %
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4–6
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9
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7–8
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10
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9–10
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11
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11–12
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12
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13–14
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13
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15 or more
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14
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2.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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3.
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FAIR VALUE MEASUREMENTS
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2022
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2021
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Cash - Level 1
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$ 5,025
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$ 2,386
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Common stock - Level 1
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31,105,690
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29,805,494
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Mutual Funds - Level 1
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53,476,173
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62,461,096
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Fair Value Sub-total
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84,586,888
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92,268,976
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Investment measured at NAV - Common collective trust
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40,729
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34,850
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Total
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$ 84,627,617
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$ 92,303,826
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4.
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EXEMPT PARTY-IN-INTEREST TRANSACTIONS
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5.
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PLAN TERMINATION
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6.
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FEDERAL INCOME TAX STATUS
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THE PROFIT SHARING RETIREMENT PLAN OF
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THE PROCTER & GAMBLE COMMERCIAL COMPANY
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EIN: 66-0676831
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PLAN NUMBER: 001
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FORM 5500, SCHEDULE H, PART IV, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
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AS OF JUNE 30, 2022
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Identity of Issue
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Description of Investment
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Fair Value
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*
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BANCO POPULAR
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Time Deposit Open Account Variable Rate (2.6920% as of 6/30/2022)
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$ 5,025
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*
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THE NORTHERN TRUST SHORT TERM INV. FUND
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Common Collective Trust
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40,729
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*
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THE PROCTER & GAMBLE COMPANY
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Common stock
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30,929,804
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THE J.M. SMUCKER COMPANY
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Common stock
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175,886
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MUTUAL FUNDS:
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Vanguard
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Treasury Money Market Fund
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6,058,660
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Vanguard
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Institutional Index
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17,257,058
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Vanguard
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Inflation Protected Securities
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1,344,889
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Vanguard
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Balanced Index
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15,175,553
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Vanguard
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Total Bond Index
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3,379,320
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Vanguard
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Small Cap Index
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5,957,515
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Vanguard
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FTSE All-World Ex US Index
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4,303,178
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Total Mutual Funds
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53,476,173
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TOTAL INVESTMENTS
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$ 84,627,617
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*
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Party-in-interest.
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