#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TAX-MANAGED FDS	921943858	11,930,938	$745.3M	11.32%
2	SPDR SERIES TRUST	78464A409	4,661,198	$497.3M	7.55%
3	SPDR SERIES TRUST	78464A508	8,740,145	$496.5M	7.54%
4	SPDR SERIES TRUST	78464A847	7,041,736	$407.8M	6.19%
5	VANGUARD INDEX FDS	922908363	579,503	$363.4M	5.52%
6	VANGUARD MALVERN FDS	922020805	6,716,272	$332.2M	5.05%
7	SPDR SERIES TRUST	78464A474	8,737,196	$263.9M	4.01%
8	SPDR SERIES TRUST	78468R853	5,302,606	$248.5M	3.77%
9	VANGUARD INTL EQUITY INDEX F	922042858	4,495,055	$241.7M	3.67%
10	SPDR SERIES TRUST	78464A805	2,867,091	$236.5M	3.59%
11	VANGUARD SCOTTSDALE FDS	92206C706	3,106,042	$186.1M	2.83%
12	FLEXSHARES TR	FLEX	3,592,669	$164.7M	2.50%
13	ISHARES TR	46434V647	6,283,171	$156.8M	2.38%
14	ISHARES TR	464288620	2,953,621	$152.9M	2.32%
15	ISHARES INC	46434G764	1,757,820	$127.8M	1.94%
16	DBX ETF TR	233051432	3,291,939	$121.2M	1.84%
17	VANGUARD BD INDEX FDS	921937827	1,534,909	$121.0M	1.84%
18	VANECK ETF TRUST	92189H300	4,419,178	$114.1M	1.73%
19	ISHARES TR	464287242	872,328	$96.1M	1.46%
20	ISHARES TR	46434V290	1,211,401	$90.7M	1.38%