Instuitional Investor - Hills Bank & Trust Co

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	222,749	$105,874,827	10.35%
2.	Spdr S & P Midcap 400 Etf Trust	MDY	122,126	$61,964,290	6.05%
3.	Flexshares Trust		1,034,353	$42,356,755	4.14%
4.	Vanguard Etfa		813,131	$38,948,975	3.8%
5.	Ishares Etfsa		1,591,657	$37,976,936	3.71%