Twele Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
APPLE INC	COM	037833100	205,452	1,200	SH		SOLE	Twele Capital Management Inc.	0	0	1,200
ISHARES INC	CORE MSCI EMKT	46434G103	35,812,522	752,522	SH		SOLE	Twele Capital Management Inc.	707,817	0	44,705
ISHARES TR	1 3 YR TREAS BD	464287457	2,452,825	30,293	SH		SOLE	Twele Capital Management Inc.	25,421	0	4,872
ISHARES TR	3 7 YR TREAS BD	464288661	1,800,602	15,912	SH		SOLE	Twele Capital Management Inc.	721	0	15,191
ISHARES TR	7-10 YR TRSY BD	464287440	32,717,322	357,215	SH		SOLE	Twele Capital Management Inc.	348,967	0	8,248
ISHARES TR	CORE MSCI EAFE	46432F842	18,490,909	287,349	SH		SOLE	Twele Capital Management Inc.	245,487	0	41,862
ISHARES TR	CORE S&P MCP ETF	464287507	18,635,058	74,735	SH		SOLE	Twele Capital Management Inc.	61,677	0	13,058
ISHARES TR	CORE S&P SCP ETF	464287804	16,795,246	178,048	SH		SOLE	Twele Capital Management Inc.	147,176	0	30,872
ISHARES TR	CORE S&P500 ETF	464287200	64,799,699	150,897	SH		SOLE	Twele Capital Management Inc.	122,639	0	28,258
ISHARES TR	CORE US AGGBD ET	464287226	51,030,430	542,646	SH		SOLE	Twele Capital Management Inc.	499,635	0	43,011
ISHARES TR	IBOXX HI YD ETF	464288513	17,150,664	232,646	SH		SOLE	Twele Capital Management Inc.	220,231	0	12,415
ISHARES TR	IBOXX INV CP ETF	464287242	8,339,217	81,741	SH		SOLE	Twele Capital Management Inc.	76,534	0	5,207
ISHARES TR	JPMORGAN USD EMG	464288281	10,097,560	122,365	SH		SOLE	Twele Capital Management Inc.	122,365	0	0
ISHARES TR	MSCI EAFE ETF	464287465	21,029,491	305,129	SH		SOLE	Twele Capital Management Inc.	282,540	0	22,589
ISHARES TR	MSCI EMG MKT ETF	464287234	233,924	6,164	SH		SOLE	Twele Capital Management Inc.	0	0	6,164
ISHARES TR	NATIONAL MUN ETF	464288414	2,379,795	23,208	SH		SOLE	Twele Capital Management Inc.	0	0	23,208
ISHARES TR	RUS 1000 ETF	464287622	84,102,949	358,022	SH		SOLE	Twele Capital Management Inc.	358,022	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	454,045	1,707	SH		SOLE	Twele Capital Management Inc.	0	0	1,707
ISHARES TR	RUS MID CAP ETF	464287499	983,558	14,203	SH		SOLE	Twele Capital Management Inc.	12,721	0	1,482
ISHARES TR	RUSSELL 2000 ETF	464287655	7,353,445	41,606	SH		SOLE	Twele Capital Management Inc.	41,606	0	0
ISHARES TR	SELECT DIVID ETF	464287168	350,153	3,253	SH		SOLE	Twele Capital Management Inc.	0	0	3,253
ISHARES TR	US TREAS BD ETF	46429B267	1,262,187	57,268	SH		SOLE	Twele Capital Management Inc.	0	0	57,268
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	222,513	9,295	SH		SOLE	Twele Capital Management Inc.	0	0	9,295
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	710,741	20,929	SH		SOLE	Twele Capital Management Inc.	0	0	20,929
SCHWAB STRATEGIC TR	INT-TRM U.S TRES	808524854	600,449	12,525	SH		SOLE	Twele Capital Management Inc.	0	0	12,525
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	1,068,762	22,317	SH		SOLE	Twele Capital Management Inc.	0	0	22,317
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	1,139,996	25,774	SH		SOLE	Twele Capital Management Inc.	0	0	25,774
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	503,529	10,101	SH		SOLE	Twele Capital Management Inc.	0	0	10,101
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	1,000,362	19,770	SH		SOLE	Twele Capital Management Inc.	0	0	19,770
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	435,115	6,429	SH		SOLE	Twele Capital Management Inc.	0	0	6,429
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	749,081	18,085	SH		SOLE	Twele Capital Management Inc.	0	0	18,085
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	43,605,034	624,893	SH		SOLE	Twele Capital Management Inc.	519,979	0	104,914
VANGUARD INDEX FDS	GROWTH ETF	922908736	618,417	2,271	SH		SOLE	Twele Capital Management Inc.	0	0	2,271
VANGUARD INDEX FDS	MID CAP ETF	922908629	13,591,201	65,267	SH		SOLE	Twele Capital Management Inc.	50,053	0	15,214
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	39,959,582	101,756	SH		SOLE	Twele Capital Management Inc.	84,916	0	16,840
VANGUARD INDEX FDS	SMALL CP ETF	922908751	12,151,718	64,271	SH		SOLE	Twele Capital Management Inc.	48,171	0	16,100
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	9,440,082	240,757	SH		SOLE	Twele Capital Management Inc.	197,230	0	43,527
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	318,433	4,191	SH		SOLE	Twele Capital Management Inc.	0	0	4,191
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	10,679,342	142,107	SH		SOLE	Twele Capital Management Inc.	109,591	0	32,516
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	18,313,347	418,878	SH		SOLE	Twele Capital Management Inc.	333,727	0	85,151
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	31,295,319	302,897	SH		SOLE	Twele Capital Management Inc.	276,654	0	26,243