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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, 2021, 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, 2021 and June 30, 2020,
Supplemental Schedule as of June 30, 2021, and
Independent Auditors' Report
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TABLE OF CONTENTS | |||
Page | |||
INDEPENDENT AUDITORS' REPORT |
1-2 | ||
FINANCIAL STATEMENTS: | |||
Statements of Net Assets Available for Benefits as of June 30, 2021 and June 30, 2020 | 3 |
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Statements of Changes in Net Assets Available for Benefits for the Years Ended June 30, 2021 and June 30, 2020 | 4 |
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Notes to Financial Statements as of and for the Years Ended June 30, 2021 and June 30, 2020 | 5-9 | ||
SUPPLEMENTAL SCHEDULE - | 10 | ||
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of June 30, 2021 | 11 | ||
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, 2021 AND JUNE 30, 2020
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2021
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2020
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PARTICIPANT-DIRECTED INVESTMENTS — At fair value:
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Cash
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$ 2,386
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$ 2,914
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The Procter & Gamble Company common stock
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29,629,279
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26,406,078
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The J.M. Smucker Company common stock
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176,215
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143,373
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Common collective trust
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34,850
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41,862
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Mutual funds
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62,461,096
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49,221,593
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Total participant-directed investments — at fair value
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92,303,826
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75,815,820
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RECEIVABLES:
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Accrued investment income
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20,032
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9,097
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Companies contributions receivable
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529,787
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582,821
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Total receivables
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549,819
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591,918
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NET ASSETS AVAILABLE FOR BENEFITS
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$ 92,853,645
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$ 76,407,738
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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, 2021 AND JUNE 30, 2020
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2021
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2020
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INVESTMENT INCOME:
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Net appreciation in fair value of investments
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$ 16,053,656
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$ 3,260,684
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Dividend income
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1,564,014
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1,636,188
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Interest income
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2,789
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87,116
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Total investment income
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17,620,459
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4,983,988
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COMPANIES’ CONTRIBUTIONS
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529,787
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582,821
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Total additions
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18,150,246
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5,566,809
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DEDUCTIONS:
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Benefits paid to participants
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1,666,729
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2,238,480
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Administrative expenses
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37,610
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28,897
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Total deductions
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1,704,339
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2,267,377
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NET INCREASE IN NET ASSETS
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16,445,907
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3,299,432
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NET ASSETS AVAILABLE FOR BENEFITS:
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Beginning of year
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76,407,738
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73,108,306
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End of year
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$ 92,853,645
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$ 76,407,738
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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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•
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Required minimum distributions (RMDs)
– RMDs were temporarily suspended for 2020.
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3.
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FAIR VALUE MEASUREMENTS
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Fair Value Measurements
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Quoted Prices in Active Markets
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For Identical Assets
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2021
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2020
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Cash - Level 1
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$ 2,386
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$ 2,914
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Common stock - Level 1
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29,805,494
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26,549,451
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Mutual Funds - Level 1
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62,461,096
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49,221,593
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Fair Value Sub-total
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92,268,976
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75,773,958
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Investments measured at NAV -
Common collective trusts
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34,850
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41,862
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Total
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$ 92,303,826
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$ 75,815,820
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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, 2021
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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 (0.1000% as of 6/30/2021)
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$ 2,386
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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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34,850
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*
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THE PROCTER & GAMBLE COMPANY
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Common stock
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29,629,279
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THE J.M. SMUCKER COMPANY
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Common stock
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176,215
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MUTUAL FUNDS:
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Vanguard
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Treasury Money Market Fund
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6,028,365
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Vanguard
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Institutional Index
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19,419,109
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Vanguard
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Inflation Protected Securities
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1,435,306
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Vanguard
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Balanced Index
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18,158,982
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Vanguard
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Total Bond Index
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4,325,584
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Vanguard
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Small Cap Index
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7,943,026
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Vanguard
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FTSE All-World Ex US Index
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5,150,724
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Total Mutual Funds
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62,461,096
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TOTAL INVESTMENTS
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$ 92,303,826
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*
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Party-in-interest.
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