Instuitional Investor - Twele Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	95,681	$65,535,824	11.71%
2.	Vanguard Index Fds - S&P 500 ETF SHS		96,280	$60,380,077	10.79%
3.	Vanguard Bond Index Funds	BND	737,256	$54,608,552	9.76%
4.	Ishares Trust	IEF	492,138	$47,323,991	8.46%
5.	Ishares Trust	IEF	469,573	$46,900,952	8.38%