Arbor Investment Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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hours per response:		23.8

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
Abbott Laboratories	COM	002824100	261,715	2,384	SH		SOLE		0	0	2,384
AbbVie Inc.	COM	00287Y109	482,566	2,986	SH		SOLE		0	0	2,986
Accenture plc	COM	G1151C101	210,510	789	SH		SOLE		0	0	789
Allstate Corporation	COM	020002101	591,894	4,365	SH		SOLE		0	0	4,365
Alphabet Inc. Cl A	COM	02079K305	214,840	2,435	SH		SOLE		0	0	2,435
Alphabet Inc. Cl C	COM	02079K107	342,620	3,861	SH		SOLE		0	0	3,861
Apple Inc.	COM	037833100	9,055,445	69,695	SH		SOLE		0	0	69,695
Armada Hoffler Properties Inc.	COM	04208T108	280,600	24,400	SH		SOLE		0	0	24,400
ASM Lithography Holdings	ADR	N07059210	564,978	1,034	SH		SOLE		0	0	1,034
Bank of America Corp.	COM	060505104	803,171	24,250	SH		SOLE		0	0	24,250
Berkshire Hathaway Inc.	COM	084670702	1,760,927	5,701	SH		SOLE		0	0	5,701
Bristol-Myers Squibb Co.	COM	110122108	263,619	3,664	SH		SOLE		0	0	3,664
Cadence Bank	COM	12740C103	1,527,097	61,926	SH		SOLE		0	0	61,926
Chevron Corp.	COM	166764100	378,458	2,109	SH		SOLE		0	0	2,109
Cisco Systems Inc.	COM	17275R102	1,683,002	35,328	SH		SOLE		0	0	35,328
Citigroup Inc.	COM	172967424	367,841	8,133	SH		SOLE		0	0	8,133
Coca-Cola Co.	COM	191216100	803,370	12,630	SH		SOLE		0	0	12,630
Costco Wholesale Corp.	COM	22160K105	838,202	1,836	SH		SOLE		0	0	1,836
Coupang, Inc.	COM	22266T109	220,650	15,000	SH		SOLE		0	0	15,000
Danaher Corp.	COM	235851102	218,706	824	SH		SOLE		0	0	824
Dimensional U.S. Core Equity 2 ETF	COM	25434V708	313,739	12,922	SH		SOLE		0	0	12,922
Discover Financial Services	COM	254709108	293,588	3,001	SH		SOLE		0	0	3,001
Duke Energy Corp.	COM	26441C204	1,132,091	10,992	SH		SOLE		0	0	10,992
Enbridge Inc.	COM	29250N105	359,261	9,188	SH		SOLE		0	0	9,188
Exxon Mobil Corp.	COM	30231G102	767,504	6,958	SH		SOLE		0	0	6,958
FactSet Research Systems Inc.	COM	303075105	200,605	500	SH		SOLE		0	0	500
Global Payments Inc.	COM	37940X102	233,015	2,346	SH		SOLE		0	0	2,346
Halozyme Therapeutics, Inc.	COM	40637H109	1,021,355	17,950	SH		SOLE		0	0	17,950
Home Depot Inc.	COM	437076102	714,082	2,261	SH		SOLE		0	0	2,261
IBM Corp.	COM	459200101	415,772	2,951	SH		SOLE		0	0	2,951
Invesco FTSE RAFI US 1000 ETF	COM	46137V613	68,639,356	442,406	SH		SOLE		0	0	442,406
Invesco FTSE RAFI US 1500 Small-Mid ETF	COM	46137V597	24,675,617	155,771	SH		SOLE	��	0	0	155,771
iShares 0-5 Year TIPS Bond ETF	COM	46429B747	19,077,406	196,755	SH		SOLE		0	0	196,755
iShares Cohen & Steers REIT ETF	COM	464287564	220,797	4,026	SH		SOLE		0	0	4,026
iShares Core Aggressive Allocation ETF	COM	464289859	246,706	4,129	SH		SOLE		0	0	4,129
iShares Core MSCI EAFE ETF	COM	46432F842	8,993,437	145,903	SH		SOLE		0	0	145,903
iShares Core MSCI Emerging Markets ETF	COM	46434G103	4,852,397	103,906	SH		SOLE		0	0	103,906
iShares Core MSCI Intl Developed Markets ETF	COM	46435G326	3,104,282	55,453	SH		SOLE		0	0	55,453
iShares Core S&P 500 ETF	COM	464287200	1,029,099	2,678	SH		SOLE		0	0	2,678
iShares Core U.S. Aggregate Bond ETF	COM	464287226	8,113,148	83,649	SH		SOLE		0	0	83,649
iShares Gold Trust ETF	COM	464285204	248,079	7,172	SH		SOLE		0	0	7,172
iShares MSCI EAFE ETF	COM	464287465	26,499,579	403,711	SH		SOLE		0	0	403,711
iShares MSCI Emerging Markets ETF	COM	464287234	7,657,421	202,043	SH		SOLE		0	0	202,043
iShares MSCI KLD 400 Social ETF	COM	464288570	257,733	3,590	SH		SOLE		0	0	3,590
iShares MSCI World ETF	COM	464286392	331,282	3,032	SH		SOLE		0	0	3,032
iShares Russell 1000 ETF	COM	464287622	75,313,869	357,752	SH		SOLE		0	0	357,752
iShares Russell 1000 Growth ETF	COM	464287614	5,381,698	25,120	SH		SOLE		0	0	25,120
iShares Russell 1000 Value ETF	COM	464287598	5,476,964	36,116	SH		SOLE		0	0	36,116
iShares Russell 2000 ETF	COM	464287655	8,371,385	48,012	SH		SOLE		0	0	48,012
iShares Russell 2000 Growth ETF	COM	464287648	240,360	1,120	SH		SOLE		0	0	1,120
iShares Russell Mid-Cap ETF	COM	464287499	221,322	3,281	SH		SOLE		0	0	3,281
iShares Russell Mid-Cap Value ETF	COM	464287473	263,082	2,497	SH		SOLE		0	0	2,497
iShares S&P 500 Growth ETF	COM	464287309	603,603	10,318	SH		SOLE		0	0	10,318
iShares Select Dividend ETF	COM	464287168	363,659	3,015	SH		SOLE		0	0	3,015
iShares TIPS Bond ETF	COM	464287176	1,823,001	17,127	SH		SOLE		0	0	17,127
iShares Treasury Floating Rate Bond ETF	COM	46434V860	5,519,987	109,502	SH		SOLE		0	0	109,502
Johnson & Johnson Inc.	COM	478160104	476,430	2,697	SH		SOLE		0	0	2,697
JPMorgan Chase & Co.	COM	46625H100	346,135	2,581	SH		SOLE		0	0	2,581
JPMorgan Ultra-Short Income ETF	COM	46641Q837	15,992,215	319,015	SH		SOLE		0	0	319,015
Lowes Companies, Inc.	COM	548661107	4,564,090	22,908	SH		SOLE		0	0	22,908
Microsoft Corp.	COM	594918104	2,001,739	8,347	SH		SOLE		0	0	8,347
Moderna, Inc.	COM	60770K107	898,100	5,000	SH		SOLE		0	0	5,000
Morgan Stanley	COM	617446448	558,462	6,569	SH		SOLE		0	0	6,569
Motorola Solutions Inc.	COM	620076307	409,243	1,588	SH		SOLE		0	0	1,588
Nike Inc.	COM	654106103	276,588	2,364	SH		SOLE		0	0	2,364
ONEOK Inc.	COM	682680103	657,000	10,000	SH		SOLE		0	0	10,000
Park National Corp.	COM	700658107	575,949	4,092	SH		SOLE		0	0	4,092
PepsiCo Inc.	COM	713448108	267,934	1,483	SH		SOLE		0	0	1,483
Pfizer Inc.	COM	717081103	391,986	7,650	SH		SOLE		0	0	7,650
PIMCO 1-5 Year U.S. TIPS Index ETF	COM	72201R205	1,345,677	26,984	SH		SOLE		0	0	26,984
PIMCO Enhanced Short Maturity Active ETF	COM	72201R833	12,900,199	130,767	SH		SOLE		0	0	130,767
Procter & Gamble Co.	COM	742718109	255,114	1,683	SH		SOLE		0	0	1,683
Public Service Enterprise Group Inc.	COM	744573106	367,620	6,000	SH		SOLE		0	0	6,000
Raymond James Financial Inc.	COM	754730109	233,040	2,181	SH		SOLE		0	0	2,181
Raytheon Technologies Corp.	COM	75513E101	223,437	2,214	SH		SOLE		0	0	2,214
South State Corporation	COM	840441109	415,017	5,435	SH		SOLE		0	0	5,435
SPDR Gold Shares ETF	COM	78463V107	314,688	1,855	SH		SOLE		0	0	1,855
SPDR S&P 500 ETF	COM	78462F103	401,786	1,051	SH		SOLE		0	0	1,051
Target Corp.	COM	87612E106	216,973	1,456	SH		SOLE		0	0	1,456
Tesla Inc.	COM	88160R101	481,141	3,906	SH		SOLE		0	0	3,906
TowneBank	COM	89214P109	539,052	17,479	SH		SOLE		0	0	17,479
Truist Financial Corp.	COM	89832Q109	2,938,714	68,295	SH		SOLE		0	0	68,295
Union Pacific Corp.	COM	907818108	276,200	1,334	SH		SOLE		0	0	1,334
UnitedHealth Group Inc.	COM	91324P102	380,139	717	SH		SOLE		0	0	717
Vanguard ESG International Stock ETF	COM	921910725	516,129	10,493	SH		SOLE		0	0	10,493
Vanguard ESG U.S. Stock ETF	COM	921910733	725,581	11,017	SH		SOLE		0	0	11,017
Vanguard FTSE Developed Markets ETF	COM	921943858	62,767,503	1,495,533	SH		SOLE		0	0	1,495,533
Vanguard FTSE Emerging Markets ETF	COM	922042858	26,111,585	669,871	SH		SOLE		0	0	669,871
Vanguard Russell 1000 ETF	COM	92206C730	8,493,489	48,740	SH		SOLE		0	0	48,740
Vanguard Russell 1000 Value ETF	COM	92206C714	896,484	13,465	SH		SOLE		0	0	13,465
Vanguard Russell 2000 ETF	COM	92206C664	1,896,039	26,944	SH		SOLE		0	0	26,944
Vanguard Russell 3000 ETF	COM	92206C599	445,498	2,594	SH		SOLE		0	0	2,594
Vanguard S&P 500 Value ETF	COM	921932703	1,255,360	8,963	SH		SOLE		0	0	8,963
Vanguard Short-Term Bond ETF	COM	921937827	13,852,932	184,019	SH		SOLE		0	0	184,019
Vanguard Short-Term Inflation-Protected Securities ETF	COM	922020805	6,316,360	135,225	SH		SOLE		0	0	135,225
Vanguard Small-Cap Value Index ETF	COM	922908611	341,839	2,153	SH		SOLE		0	0	2,153
Vanguard Total Bond Market ETF	COM	921937835	3,828,533	53,292	SH		SOLE		0	0	53,292
Vanguard Total Stock Market ETF	COM	922908769	2,058,738	10,768	SH		SOLE		0	0	10,768
Vanguard Total World Stock Index ETF	COM	922042742	4,392,553	50,964	SH		SOLE		0	0	50,964
Vanguard Value ETF	COM	922908744	1,425,240	10,153	SH		SOLE		0	0	10,153
Wells Fargo & Co.	COM	949746101	547,740	13,266	SH		SOLE		0	0	13,266
Wheels Up Experience Inc.	COM	96328L106	10,300	10,000	SH		SOLE		0	0	10,000