Instuitional Investor - Stephenson National Bank & Trust

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard S&P 500 Index Etf		90,186	$39,393,245	19.37%
2.	Flexshares Trust		294,658	$12,066,245	5.93%
3.	Ishares Trust	IEF	154,767	$12,030,039	5.91%
4.	Vanguard Total Stock Market Etf		38,777	$9,198,680	4.52%
5.	Fidelity Total Bond Etf		199,528	$9,186,269	4.51%