Instuitional Investor - Northern Lights Advisors, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax-Managed Fds		375,705	$24,075,172	16.31%
2.	Microsoft Corp	MSFT	23,492	$8,695,855	5.89%
3.	Ishares Trust	IEF	20,315	$8,662,142	5.87%
4.	Ishares Inc - CORE MSCI EMKT		119,630	$8,344,195	5.65%
5.	Ishares Trust	IEF	36,565	$7,812,849	5.29%