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Instuitional Investor - Arbor Investment Advisors, Llc

Filing Period:
No. Security Ticker Shares Value (x$1000) % Port
1.
Invesco Ftse Rafi Us 1000 Etf
435,125 $48,995 19.34%
2. IEF 211,776 $32,186 12.7%
3.
Vanguard Ftse Developed Markets Etf
738,483 $31,681 12.51%
4. IEF 402,073 $26,927 10.63%
5. VWO 329,932 $24,207 9.55%