Instuitional Investor - Hanson & Doremus Investment Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	7,041,153	$176,733	20.33%
2.	Vanguard Scottsdale Funds		1,183,781	$70,494	8.11%
3.	Vanguard Developed Market Etf - ETF		811,831	$52,022	5.98%
4.	Vanguard Scottsdale Funds		618,693	$51,197	5.89%
5.	Vanguard Intl Equity Index Funds	VWO	498,618	$26,950	3.1%