Instuitional Investor - Twele Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	93,090	$69,714,258	11.39%
2.	Vanguard Index Fds - S&P 500 ETF SHS		95,820	$65,810,135	10.75%
3.	Vanguard Bond Index Funds	BND	806,604	$59,212,800	9.67%
4.	Ishares Trust	IEF	541,981	$51,255,144	8.37%
5.	Ishares Trust	IEF	515,560	$51,030,129	8.33%