Instuitional Investor - Affiance Financial, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		165,296	$84,947,441	19.78%
2.	Ishares Trust	IEF	652,521	$64,547,404	15.03%
3.	Vanguard Index Fds		166,545	$45,773,405	10.66%
4.	Vanguard Tax-Managed Fds		493,260	$25,072,406	5.84%
5.	Ishares Tr - CORE MSCI EAFE		247,418	$18,717,234	4.36%