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
Estimated average burden
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	247,814	2,273	SH		SOLE		0	0	2,273
AbbVie Inc.	COM	00287Y109	372,023	2,761	SH		SOLE		0	0	2,761
Accenture plc	COM	G1151C101	215,667	699	SH		SOLE		0	0	699
Allstate Corporation	COM	020002101	475,960	4,365	SH		SOLE		0	0	4,365
Alphabet Inc.	COM	02079K107	566,065	4,679	SH		SOLE		0	0	4,679
Alphabet Inc. Cl A	COM	02079K305	291,470	2,435	SH		SOLE		0	0	2,435
Amazon.com Inc.	COM	023135106	203,362	1,560	SH		SOLE		0	0	1,560
Apple Inc.	COM	037833100	12,340,353	63,620	SH		SOLE		0	0	63,620
Armada Hoffler Properties Inc.	COM	04208T108	284,992	24,400	SH		SOLE		0	0	24,400
ASM Lithography Holdings	ADR	N07059210	749,392	1,034	SH		SOLE		0	0	1,034
Bank of America Corp.	COM	060505104	696,020	24,260	SH		SOLE		0	0	24,260
Berkshire Hathaway Inc.	COM	084670702	1,942,965	5,698	SH		SOLE		0	0	5,698
Bristol-Myers Squibb Co.	COM	110122108	232,901	3,642	SH		SOLE		0	0	3,642
Cadence Bank	COM	12740C103	1,216,228	61,926	SH		SOLE		0	0	61,926
Chevron Corp.	COM	166764100	274,355	1,744	SH		SOLE		0	0	1,744
Cisco Systems Inc.	COM	17275R102	1,827,483	35,321	SH		SOLE		0	0	35,321
Citigroup Inc.	COM	172967424	374,428	8,133	SH		SOLE		0	0	8,133
Coca-Cola Co.	COM	191216100	331,104	5,498	SH		SOLE		0	0	5,498
Costco Wholesale Corp.	COM	22160K105	988,822	1,837	SH		SOLE		0	0	1,837
Dimensional U.S. Core Equity 2 ETF	COM	25434V708	285,746	10,525	SH		SOLE		0	0	10,525
Discover Financial Services	COM	254709108	345,993	2,961	SH		SOLE		0	0	2,961
Duke Energy Corp.	COM	26441C204	976,364	10,880	SH		SOLE		0	0	10,880
Enbridge Inc.	COM	29250N105	333,431	8,975	SH		SOLE		0	0	8,975
Exxon Mobil Corp.	ADR	30231G102	749,362	6,987	SH		SOLE		0	0	6,987
FactSet Research Systems Inc.	COM	303075105	200,325	500	SH		SOLE		0	0	500
First Trust NASDAQ Clean Edge Green Energy Idx EFT	COM	33733E500	216,095	4,224	SH		SOLE		0	0	4,224
Fresenius Medical Care AG	COM	358029106	211,781	8,850	SH		SOLE		0	0	8,850
Global Payments Inc.	COM	37940X102	231,166	2,346	SH		SOLE		0	0	2,346
Halozyme Therapeutics, Inc.	COM	40637H109	647,457	17,950	SH		SOLE		0	0	17,950
Home Depot Inc.	COM	437076102	702,287	2,261	SH		SOLE		0	0	2,261
IBM Corp.	COM	459200101	394,878	2,951	SH		SOLE		0	0	2,951
Invesco FTSE RAFI US 1000 ETF	COM	46137V613	71,857,831	439,095	SH		SOLE		0	0	439,095
Invesco FTSE RAFI US 1500 Small-Mid ETF	COM	46137V597	27,846,689	162,060	SH		SOLE		0	0	162,060
Invesco QQQ ETF	COM	46090E103	271,524	735	SH		SOLE		0	0	735
Invesco S&P 500 Equal Weight Technology ETF	COM	46137V282	235,566	801	SH		SOLE		0	0	801
iShares 0-5 Year TIPS Bond ETF	COM	46429B747	23,440,046	240,164	SH		SOLE		0	0	240,164
iShares Cohen & Steers REIT ETF	COM	464287564	232,135	4,177	SH		SOLE		0	0	4,177
iShares Core Aggressive Allocation ETF	COM	464289859	290,747	4,383	SH		SOLE		0	0	4,383
iShares Core MSCI EAFE ETF	COM	46432F842	9,558,921	141,614	SH		SOLE		0	0	141,614
iShares Core MSCI Emerging Markets ETF	COM	46434G103	5,378,013	109,110	SH		SOLE		0	0	109,110
iShares Core MSCI Intl Developed Markets ETF	COM	46435G326	3,290,258	53,833	SH		SOLE		0	0	53,833
iShares Core S&P 500 ETF	COM	464287200	1,310,474	2,940	SH		SOLE		0	0	2,940
iShares Core U.S. Aggregate Bond ETF	COM	464287226	7,549,299	77,073	SH		SOLE		0	0	77,073
iShares Gold Trust ETF	COM	464285204	317,503	8,725	SH		SOLE		0	0	8,725
iShares MSCI EAFE ETF	COM	464287465	28,384,561	391,511	SH		SOLE		0	0	391,511
iShares MSCI Emerging Markets ETF	COM	464287234	7,569,413	191,340	SH		SOLE		0	0	191,340
iShares MSCI KLD 400 Social ETF	COM	464288570	238,386	2,832	SH		SOLE		0	0	2,832
iShares MSCI World ETF	COM	464286392	258,484	2,076	SH		SOLE		0	0	2,076
iShares Russell 1000 ETF	COM	464287622	86,582,749	355,226	SH		SOLE		0	0	355,226
iShares Russell 1000 Growth ETF	COM	464287614	7,454,481	27,089	SH		SOLE		0	0	27,089
iShares Russell 1000 Value ETF	COM	464287598	6,186,902	39,200	SH		SOLE		0	0	39,200
iShares Russell 2000 ETF	COM	464287655	9,319,395	49,764	SH		SOLE		0	0	49,764
iShares Russell 2000 Growth ETF	COM	464287648	271,890	1,120	SH		SOLE		0	0	1,120
iShares Russell 3000 ETF	COM	464287689	206,372	811	SH		SOLE		0	0	811
iShares Russell Mid-Cap ETF	COM	464287499	303,898	4,161	SH		SOLE		0	0	4,161
iShares Russell Mid-Cap Value ETF	COM	464287473	274,321	2,497	SH		SOLE		0	0	2,497
iShares S&P 500 Growth ETF	COM	464287309	727,213	10,318	SH		SOLE		0	0	10,318
iShares Select Dividend ETF	COM	464287168	337,114	2,975	SH		SOLE		0	0	2,975
iShares TIPS Bond ETF	COM	464287176	2,099,276	19,506	SH		SOLE		0	0	19,506
iShares Treasury Floating Rate Bond ETF	COM	46434V860	40,867,984	806,552	SH		SOLE		0	0	806,552
iShares U.S. Healthcare ETF	COM	464287762	212,712	759	SH		SOLE		0	0	759
Johnson & Johnson Inc.	COM	478160104	439,295	2,654	SH		SOLE		0	0	2,654
JPMorgan Chase & Co.	COM	46625H100	375,415	2,581	SH		SOLE		0	0	2,581
JPMorgan Ultra-Short Income ETF	COM	46641Q837	15,585,022	310,830	SH		SOLE		0	0	310,830
Lowes Companies, Inc.	COM	548661107	5,126,663	22,715	SH		SOLE		0	0	22,715
Microsoft Corp.	COM	594918104	2,840,393	8,341	SH		SOLE		0	0	8,341
Moderna, Inc.	COM	60770K107	607,500	5,000	SH		SOLE		0	0	5,000
Morgan Stanley	COM	617446448	559,824	6,555	SH		SOLE		0	0	6,555
Motorola Solutions Inc.	COM	620076307	458,103	1,562	SH		SOLE		0	0	1,562
Nike Inc.	COM	654106103	261,305	2,368	SH		SOLE		0	0	2,368
ONEOK Inc.	COM	682680103	617,200	10,000	SH		SOLE		0	0	10,000
Oracle Corporation	COM	68389X105	225,795	1,896	SH		SOLE		0	0	1,896
Park National Corp.	COM	700658107	418,693	4,092	SH		SOLE		0	0	4,092
PepsiCo Inc.	COM	713448108	267,289	1,443	SH		SOLE		0	0	1,443
Pfizer Inc.	COM	717081103	280,602	7,650	SH		SOLE		0	0	7,650
PIMCO 1-5 Year U.S. TIPS Index ETF	COM	72201R205	1,103,506	21,938	SH		SOLE		0	0	21,938
PIMCO Enhanced Short Maturity Active ETF	COM	72201R833	14,961,050	149,970	SH		SOLE		0	0	149,970
Procter & Gamble Co.	COM	742718109	252,211	1,662	SH		SOLE		0	0	1,662
Public Service Enterprise Group Inc.	COM	744573106	375,660	6,000	SH		SOLE		0	0	6,000
Raymond James Financial Inc.	COM	754730109	226,322	2,181	SH		SOLE		0	0	2,181
Raytheon Technologies Corp.	COM	75513E101	216,883	2,214	SH		SOLE		0	0	2,214
SPDR Gold Shares ETF	COM	78463V107	344,952	1,935	SH		SOLE		0	0	1,935
SPDR S&P 500 ETF	COM	78462F103	465,716	1,051	SH		SOLE		0	0	1,051
Tesla Inc.	COM	88160R101	1,033,206	3,947	SH		SOLE		0	0	3,947
TowneBank	COM	89214P109	406,212	17,479	SH		SOLE		0	0	17,479
Truist Financial Corp.	COM	89832Q109	1,998,215	65,839	SH		SOLE		0	0	65,839
Union Pacific Corp.	COM	907818108	272,932	1,334	SH		SOLE		0	0	1,334
UnitedHealth Group Inc.	COM	91324P102	344,619	717	SH		SOLE		0	0	717
Vanguard ESG International Stock ETF	COM	921910725	531,064	9,999	SH		SOLE		0	0	9,999
Vanguard ESG U.S. Stock ETF	COM	921910733	921,757	11,765	SH		SOLE		0	0	11,765
Vanguard FTSE Developed Markets ETF	COM	921943858	67,154,509	1,454,190	SH		SOLE		0	0	1,454,190
Vanguard FTSE Emerging Markets ETF	COM	922042858	27,871,849	685,149	SH		SOLE		0	0	685,149
Vanguard Russell 1000 ETF	COM	92206C730	10,569,136	52,437	SH		SOLE		0	0	52,437
Vanguard Russell 1000 Value ETF	COM	92206C714	1,120,844	16,195	SH		SOLE		0	0	16,195
Vanguard Russell 2000 ETF	COM	92206C664	1,419,177	18,767	SH		SOLE		0	0	18,767
Vanguard Russell 3000 ETF	COM	92206C599	502,430	2,545	SH		SOLE		0	0	2,545
Vanguard S&P 500 Value ETF	COM	921932703	1,229,782	7,898	SH		SOLE		0	0	7,898
Vanguard Short-Term Bond ETF	COM	921937827	15,275,120	202,132	SH		SOLE		0	0	202,132
Vanguard Short-Term Inflation-Protected Securities ETF	COM	922020805	4,320,799	91,118	SH		SOLE		0	0	91,118
Vanguard Small-Cap Value Index ETF	COM	922908611	646,741	3,910	SH		SOLE		0	0	3,910
Vanguard Total Bond Market ETF	COM	921937835	5,067,489	69,714	SH		SOLE		0	0	69,714
Vanguard Total Stock Market ETF	COM	922908769	2,313,861	10,504	SH		SOLE		0	0	10,504
Vanguard Total World Stock Index ETF	COM	922042742	5,153,676	53,142	SH		SOLE		0	0	53,142
Vanguard Value ETF	COM	922908744	1,340,313	9,432	SH		SOLE		0	0	9,432
Wells Fargo & Co.	COM	949746101	338,028	7,920	SH		SOLE		0	0	7,920