Instuitional Investor - Mercer Investment Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Fomento Economico Mexicano S	FMX	151,678	$19,759,093	31.59%
2.	Vanguard Dividend Appreciation Etf - ETF		83,921	$15,209,770	24.31%
3.	Vanguard S&P 500 Etf - ETF		20,814	$10,005,460	15.99%
4.	Franco Nevada Corp	FNV	71,980	$8,577,137	13.71%
5.	Mercadolibre Inc	MELI	2,675	$4,044,493	6.47%