Instuitional Investor - Affiance Financial, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		157,257	$84,731,646	20.24%
2.	Ishares Trust	IEF	576,795	$55,891,441	13.35%
3.	Vanguard Index Fds		166,727	$48,319,193	11.54%
4.	Vanguard Tax-Managed Fds		486,169	$23,248,602	5.55%
5.	Ishares Tr - CORE MSCI EAFE		236,401	$16,614,320	3.97%