Instuitional Investor - Farmers & Merchants Investments Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	390,589	$292,508,196	7.09%
2.	Vanguard Ftse Developed Markets Etf		3,755,844	$267,603,885	6.48%
3.	Ishares Trust	IEF	1,116,608	$165,604,132	4.01%
4.	Nelnet Inc	NNI	1,179,351	$157,242,869	3.81%
5.	Ishares Trust	IEF	1,938,937	$149,511,432	3.62%