Instuitional Investor - Brown Financial Advisory

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust		833,733	$46,605,675	37.95%
2.	Vanguard Index Fds		72,550	$15,477,022	12.6%
3.	Dimensional Etf Trust		675,000	$15,349,500	12.49%
4.	Ishares Trust	IEF	39,055	$10,242,434	8.34%
5.	Spdr Index Shs Fds		232,531	$7,908,380	6.43%