AIA

Arbor Investment Advisors Portfolio holdings

AUM $780M

This Quarter Return

+0.26%

1 Year Return

+10.62%

3 Year Return

+34.71%

5 Year Return

+58.44%

10 Year Return

+99.92%

AUM

$731M

AUM Growth

+$21.5M (+3%)

Cap. Flow

+$22.1M

Cap. Flow % of AUM

3.02%

Top 10 Holdings %Top 10 Hldgs %

75.76%

Holding

117

New

Increased

Reduced

Closed

Top Buys

1	iShares Core US Aggregate Bond ETF AGG	$10.7M
2	Vanguard Russell 1000 ETF VONE	$2.13M
3	Vanguard Short-Term Bond ETF BSV	$2.06M
4	iShares TIPS Bond ETF TIP	$1.5M
5	Vanguard FTSE Developed Markets ETF VEA	$1.45M

Top Sells

1	iShares Treasury Floating Rate Bond ETF TFLO	$1.56M
2	iShares Russell Mid-Cap Value ETF IWS	$323K
3	iShares 0-5 Year TIPS Bond ETF STIP	$303K
4	iShares MSCI EAFE ETF EFA	$270K
5	Vanguard Russell 2000 ETF VTWO	$222K

Sector Composition

1	Technology	1.86%
2	Financials	1.37%
3	Consumer Staples	0.56%
4	Healthcare	0.33%
5	Industrials	0.32%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Russell 1000 ETF IWB $42.4B	$106M	14.38%	345,016 -692	-0.2%	-$212K
2	2 Invesco FTSE RAFI US 1000 ETF PRF $7.91B	$90M	12.23%	2,228,054 +34,175	+2%	+$1.38M
3	3 Vanguard FTSE Developed Markets ETF VEA $170B	$78.4M	10.66%	1,543,159 +28,600	+2%	+$1.45M
4	4 iShares Treasury Floating Rate Bond ETF TFLO $6.83B	$72.5M	9.85%	1,431,474 -30,842	-2%	-$1.56M
5	5 Vanguard Short-Term Bond ETF BSV $38.3B	$47M	6.38%	600,133 +26,311	+5%	+$2.06M
6	6 iShares Core US Aggregate Bond ETF AGG $128B	$39.1M	5.31%	395,057 +107,990	+38%	+$10.7M
7	7 iShares TIPS Bond ETF TIP $13.5B	$34.2M	4.65%	308,276 +13,547	+5%	+$1.5M
8	8 Invesco FTSE RAFI US 1500 Small-Mid ETF PRFZ $2.45B	$33.5M	4.55%	884,992 +21,330	+2%	+$808K
9	9 iShares MSCI EAFE ETF EFA $65.7B	$28.8M	3.91%	352,551 -3,308	-0.9%	-$270K
10	10 Vanguard FTSE Emerging Markets ETF VWO $95.8B	$24.6M	3.34%	542,652 +2,426	+0.5%	+$110K
11	11 JPMorgan Ultra-Short Income ETF JPST $32.8B	$20.2M	2.74%	398,062 +17,625	+5%	+$892K
12	12 Vanguard Russell 1000 ETF VONE $6.61B	$15.8M	2.14%	62,107 +8,387	+16%	+$2.13M
13	13 Vanguard Total Bond Market BND $133B	$14.8M	2.01%	201,778 +12,472	+7%	+$916K
14	14 iShares Russell 2000 ETF IWM $62.4B	$10.6M	1.44%	53,127 +2,921	+6%	+$583K
15	15 iShares Core MSCI EAFE ETF IEFA $148B	$10.1M	1.37%	133,712 +1,702	+1%	+$129K
16	16 iShares Russell 1000 Growth ETF IWF $118B	$9.15M	1.24%	25,347 -11	-0%	-$3.97K
17	17 iShares Russell 1000 Value ETF IWD $62.1B	$7.42M	1.01%	39,416 +181	+0.5%	+$34.1K
18	18 iShares MSCI Emerging Markets ETF EEM $19B	$7.03M	0.95%	160,816 -1,919	-1%	-$83.9K
19	19 Apple AAPL $3.41T	$5.58M	0.76%	25,134 +43	+0.2%	+$9.55K
20	20 iShares Core MSCI Emerging Markets ETF IEMG $101B	$4.92M	0.67%	91,104 +1,917	+2%	+$103K
21	21 PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund STPZ $446M	$4.75M	0.65%	88,006 +1,207	+1%	+$65.2K
22	22 Vanguard Total World Stock ETF VT $51.3B	$4.72M	0.64%	40,683 +14	+0%	+$1.62K
23	23 iShares Core MSCI International Developed Markets ETF IDEV $20.8B	$4.66M	0.63%	67,599 +8,259	+14%	+$569K
24	24 Microsoft MSFT $3.93T	$3.22M	0.44%	8,574 -218	-2%	-$81.8K
25	25 Berkshire Hathaway Class B BRK.B $1.01T	$3.03M	0.41%	5,681 -6	-0.1%	-$3.2K