Instuitional Investor - Pax Financial Group, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	75,326	$42,325,421	7.5%
2.	Ishares Tr		606,228	$27,934,992	4.95%
3.	Ishares Tr - MSCI USA QLT FCT		106,540	$18,206,667	3.23%
4.	Ishares Trust	IEF	194,961	$18,098,230	3.21%
5.	Northern Lts Fd Tr Iv - INSPIRE INTL ETF		582,133	$17,897,556	3.17%