Instuitional Investor - Betterment Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax Managed Intl Fd		138,727,174	$9,884,311	16.72%
2.	Vanguard Index Fds		23,945,511	$8,860,797	14.99%
3.	Spdr Series Trust	KRE	97,881,145	$8,601,795	14.55%
4.	Vanguard Intl Equity Index Funds	VWO	53,881,853	$3,216,208	5.44%
5.	Ishares Tr - NATIONAL MUN ETF		21,039,515	$2,264,273	3.83%