Instuitional Investor - Red Cedar Investment Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Scottsdale Funds	VCIT	507,403	$171,867,571	16.28%
2.	Ishares Trust	IEF	379,919	$155,576,751	14.73%
3.	Ishares Trust	IEF	807,545	$62,269,803	5.9%
4.	Ishares Inc - CORE MSCI EMKT		575,932	$47,710,186	4.52%
5.	Ishares Inc - MSCI JAPAN ETF		386,217	$36,022,485	3.41%