Instuitional Investor - Ashford Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	441,226	$210,742,774	58.32%
2.	Vanguard Index Fds		180,608	$42,843,830	11.85%
3.	Schwab Strategic Trust	FNDF	571,201	$35,380,190	9.79%
4.	Schwab Strategic Trust	FNDF	607,598	$34,268,527	9.48%
5.	Schwab Strategic Trust	FNDF	269,414	$14,998,277	4.15%