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Institutional Investment Manager
Twele Capital Management, Inc.
Twele Capital Management, Inc. (CIK: 0001411268) incorporated in Minnesota, located at 5601 Smetana Drive, Suite 707, Minnetonka, MN. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Original 13F HR (0001085146-15-000107) filed in 2015.01.15
#
Name
Shares
Value ($)
%
Options
Notes
1 SPDR BLOOMBERG INTERNATIONAL CORPORATE BOND ETF 5,925 204 0.06%
2 SPDR INDEX SHS FDS 5,710 240 0.07%
3 ISHARES RUSSELL 2000 VALUE ETF 2,548 259 0.07%
4 SCHWAB US AGGREGATE BOND ETF 5,040 264 0.08%
5 VANGUARD WHITEHALL FDS INC 4,135 316 0.09%
6 ISHARES TR 10,262 403 0.12%
7 ISHARES TR 11,432 451 0.13%
8 SCHWAB US TIPS ETF 8,654 469 0.14%
9 SCHWAB U.S. SMALL-CAP ETF 8,725 481 0.14%
10 ISHARES TR 3YRTB ETF 5,700 482 0.14%
11 WISDOMTREE TR 13,142 547 0.16%
12 ISHARES TR 7,131 549 0.16%
13 BARCLAYS BK PLC 8,294 578 0.17%
14 SCHWAB US DIVIDEND EQUITY ETF 14,736 587 0.17%
15 ISHARES TR 7,600 736 0.21%
16 Van Eck 28,630 883 0.26%
17 ISHARES 20 YEAR TREASURY BOND ETF 7,624 960 0.28%
18 S&P Developed Ex-U.S. Property Index Fund 35,612 1,290 0.37%
19 ISHARES TR 11,957 1,319 0.38%
20 ISHARES TR 12,400 1,517 0.44%
21 CLAYMORE EXCHANGE TRD FD 57,876 1,603 0.46%
22 ISHARES TR 14,410 1,614 0.47%
23 ISHARES 7-10 YEAR TREASURY BOND ETF 15,893 1,684 0.49%
24 SPDR SERIES TRUST 44,785 1,729 0.50%
25 WISDOMTREE TR 78,630 1,734 0.50%
26 ISHARES S&P GSCI COMMODITY I 82,337 1,777 0.51%
27 VANGUARD INDEX FDS 21,538 1,820 0.53%
28 POWERSHARES INDIA ETF TR 100,100 2,101 0.61%
29 VANGUARD SCOTTSDALE FDS 23,656 2,186 0.63%
30 ISHARES TR 56,041 2,332 0.67%
31 SPDR SERIES TRUST 49,244 2,725 0.79%
32 ISHARES TR 23,106 2,759 0.80%
33 VANGUARD INDEX FDS 29,262 3,055 0.88%
34 VANGUARD WHITEHALL FDS 47,476 3,264 0.94%
35 SCHWAB INTERMEDIATE-TERM US TREASURY ETF 61,159 3,278 0.95%
36 ISHARES TR 66,515 4,047 1.17%
37 ISHARES TR 52,591 4,441 1.28%
38 ISHARES TR 48,383 5,051 1.46%
39 SCHWAB SHORT-TERM US TREASURY ETF 102,360 5,177 1.50%
40 RYDEX ETF TRUST 70,699 5,659 1.64%
41 ISHARES TR 62,276 5,954 1.72%
42 WISDOMTREE TR 84,578 6,487 1.88%
43 VANGUARD LONG TERM BOND ETF 71,046 6,698 1.94%
44 ISHARES COHEN & STEERS REIT ETF 75,277 7,290 2.11%
45 ISHARES TR 39,381 8,147 2.36%
46 POWERSHARES ETF TR II 489,395 9,201 2.66%
47 VANGUARD INTL EQUITY INDEX F 200,637 9,402 2.72%
48 VANGUARD INDEX FDS 51,125 9,632 2.78%
49 ISHARES TR 85,601 9,764 2.82%
50 ISHARES TR 69,745 10,099 2.92%
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