Instuitional Investor - Kwmg, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax-Managed Fds		973,882	$55,521,002	5.21%
2.	Vanguard Index Fds		133,762	$38,040,595	3.57%
3.	Sector Spdr Trust	XLB	142,460	$36,075,150	3.39%
4.	Vanguard Index Fds		191,367	$31,472,290	2.96%
5.	Ishares Trust	IEF	273,799	$30,128,874	2.83%