Instuitional Investor - Hanson & Doremus Investment Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	1,898,783	$105,705	19.95%
2.	Vanguard Scottsdale Funds		577,401	$34,251	6.46%
3.	Vanguard Developed Market Etf		679,910	$32,568	6.14%
4.	Vanguard Scottsdale Funds		341,028	$27,719	5.23%
5.	Vanguard Intl Equity Index Funds	VWO	432,088	$17,759	3.35%