Instuitional Investor - Brown Financial Advisory
 13F Holdings  
  Filing Period:  
 | No. | Security | Ticker | Shares | Value | % Port | 
|---|---|---|---|---|---|
| 1. | Spdr Series Trust  |  1,025,811 | $80,362,016 | 42.08% | |
| 2. | Vanguard Index Fds - SMALL CP ETF  |  119,437 | $30,370,357 | 15.9% | |
| 3. | Dimensional Etf Trust  |  359,973 | $20,360,073 | 10.66% | |
| 4. | IEF | 29,240 | $10,686,453 | 5.6% | |
| 5. | Spdr Index Shs Fds  |  220,182 | $9,421,588 | 4.93% |