#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	35,841	$24.4M	7.32%
2	SSGA ACTIVE TR	78470P507	805,832	$20.9M	6.25%
3	VANGUARD TAX-MANAGED FDS	921943858	323,673	$20.2M	6.06%
4	SPDR SERIES TRUST	78464A649	769,496	$19.8M	5.93%
5	VANGUARD INDEX FDS	922908736	37,770	$18.4M	5.52%
6	VANGUARD INDEX FDS	922908744	93,983	$17.9M	5.38%
7	SPDR INDEX SHS FDS	78463X889	300,068	$13.3M	3.99%
8	SSGA ACTIVE TR	78470P408	205,231	$12.8M	3.83%
9	SPDR INDEX SHS FDS	78463X509	225,293	$10.5M	3.16%
10	VANGUARD MUN BD FDS	922907738	103,450	$10.4M	3.12%
11	VANGUARD CHARLOTTE FDS	92203J407	200,012	$9.7M	2.89%
12	VANGUARD BD INDEX FDS	921937827	114,795	$9.0M	2.71%
13	SPDR SERIES TRUST	78464A854	90,592	$7.3M	2.18%
14	NVIDIA CORPORATION	NVDA	34,502	$6.4M	1.93%
15	VANGUARD INTL EQUITY INDEX F	922042858	117,884	$6.3M	1.90%
16	SPDR SERIES TRUST	78464A664	234,083	$6.2M	1.86%
17	SPDR SERIES TRUST	78468R861	314,233	$6.0M	1.80%
18	APPLE INC	AAPL	21,026	$5.7M	1.71%
19	SPDR SERIES TRUST	78468R515	219,092	$5.6M	1.67%
20	SPDR SERIES TRUST	78468R853	117,710	$5.5M	1.65%