Instuitional Investor - Tanglewood Wealth Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		708,076	$167,969,816	20.56%
2.	Ishares Tr		1,203,211	$140,932,063	17.25%
3.	Vanguard Tax-Managed Intl Fd		1,695,719	$81,224,940	9.94%
4.	Ishares Trust	IEF	583,896	$56,281,735	6.89%
5.	Vanguard Scottsdale Funds		828,446	$49,143,417	6.01%