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

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard S&P 500 Etf - ETF		119,978	$64,645,270	17.49%
2.	Ishares Ftse Nareit Resid Plus Cp Idx - ETF		465,511	$37,715,740	10.2%
3.	Vanguard Bond Index Funds	BND	482,687	$36,071,177	9.76%
4.	Ishares Trust	IEF	104,647	$33,713,139	9.12%
5.	Microsoft Corp	MSFT	24,656	$10,392,622	2.81%