Instuitional Investor - Brown Financial Advisory

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust		963,502	$63,359,888	39.57%
2.	Vanguard Index Fds - SMALL CP ETF		100,508	$22,287,577	13.92%
3.	Dimensional Etf Trust		334,602	$15,951,917	9.96%
4.	Dimensional Etf Trust		467,625	$11,115,447	6.94%
5.	Ishares Trust	IEF	29,504	$9,049,904	5.65%