Instuitional Investor - Franklin, Parlapiano, Turner & Welch, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard S&P 500 Etf - ETF		118,222	$60,755,418	16.39%
2.	Ishares Ftse Nareit Resid Plus Cp Idx - ETF		471,804	$40,773,282	11%
3.	Vanguard Bond Index Funds	BND	482,257	$36,926,417	9.96%
4.	Ishares Trust	IEF	103,617	$31,783,537	8.57%
5.	Visa Inc.	V	30,859	$10,814,863	2.92%