Instuitional Investor - Finward Bancorp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard S&P 500 Etf		12,575	$8,636,632	6.55%
2.	Flexshares Trust	GUNR	174,995	$8,494,267	6.44%
3.	Spdr Series Trust	KRE	70,187	$7,567,563	5.74%
4.	Microsoft Corp	MSFT	16,834	$6,279,421	4.76%
5.	Vanguard Growth Etf (Mkt)		70,778	$6,096,822	4.62%