Instuitional Investor - Brouwer & Janachowski, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		526,011	$207,459,000	36.16%
2.	Ishares Trust	IEF	163,913	$66,163,000	11.53%
3.	Schwab Strategic Trust	FNDF	686,194	$52,604,000	9.17%
4.	Vanguard Admiral Fds Inc		228,070	$45,963,000	8.01%
5.	Proshares Tr		354,909	$31,420,000	5.47%