Instuitional Investor - Hanson & Doremus Investment Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	SCHD	7,035,343	$203,744	20.73%
2.	Vanguard Scottsdale Funds	VCIT	1,288,716	$76,008	7.73%
3.	Vanguard Scottsdale Funds	VCIT	661,001	$54,632	5.56%
4.	Vanguard Developed Market Etf - ETF		762,468	$54,326	5.53%
5.	Taiwan Semiconductor Manufacturing Co Ltd	TSM	73,468	$35,086	3.57%