Instuitional Investor - Mercer Investment Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Fomento Economico Mexicano S	FMX	162,445	$21,174,706	27.98%
2.	Vanguard S&P 500 Etf		40,338	$17,666,636	23.34%
3.	Vanguard Dividend Appreciation Etf		92,891	$15,846,276	20.93%
4.	Franco Nevada Corp	FNV	76,880	$8,519,073	11.25%
5.	Mercadolibre Inc	MELI	3,108	$4,884,346	6.45%