Dark
Light
System
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 (2015Q3)
Portfolio Summary: 57 holdings with a total value of $335,389,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES 20 YEAR TREASURY BOND ETF 3,624 448,000 0.13%
52 ISHARES TR 11,064 363,000 0.11%
53 SCHWAB INTERNATIONAL EQUITY ETF 12,289 336,000 0.10%
54 SCHWAB U.S. BROAD MARKET ETF 5,928 275,000 0.08%
55 SCHWAB EMERGING MARKETS EQUITY ETF 12,580 254,000 0.08%
56 S&P Developed Ex-U.S. Property Index Fund 7,214 251,000 0.07%
57 ISHARES RUSSELL 2000 VALUE ETF 2,393 216,000 0.06%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-15-002029, filed 2015.10.19).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.