#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TAX MANAGED INTL FD	921943858	138,588,366	$8.7M	17.58%
2	VANGUARD INDEX FDS	922908769	25,171,575	$8.4M	17.14%
3	SPDR State Street Global Advisors	78464A854	83,585,842	$6.7M	13.62%
4	VANGUARD INTL EQUITY INDEX F	922042858	53,732,807	$2.9M	5.87%
5	ISHARES TR	464287226	26,255,484	$2.6M	5.32%
6	ISHARES TR	464288414	18,990,218	$2.0M	4.13%
7	ISHARES TR	464287150	10,680,855	$1.6M	3.22%
8	SPDR State Street Global Advisors	78464A847	21,151,161	$1.2M	2.49%
9	VANGUARD INDEX FDS	922908744	4,973,990	$949,982	1.93%
10	VANGUARD CHARLOTTE FDS	92203J407	19,558,275	$945,056	1.92%
11	SPDR State Street Global Advisors	78468R853	18,757,519	$878,977	1.78%
12	ISHARES TR	46432F842	9,608,903	$859,612	1.75%
13	Goldman Sachs	NVGLF	6,005,716	$794,977	1.61%
14	VANGUARD INDEX FDS	922908512	3,924,610	$696,108	1.41%
15	JP Morgan	46641Q837	13,181,100	$666,832	1.35%
16	VANGUARD INDEX FDS	922908611	3,019,666	$639,535	1.30%
17	Goldman Sachs	NVGLF	5,862,171	$585,865	1.19%
18	iShares	46435G425	3,924,596	$584,686	1.19%
19	ISHARES TR	464288281	5,954,321	$573,282	1.16%
20	SPDR SERIES TRUST	78468R721	12,106,265	$553,377	1.12%