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	220,151	2,273	SH		SOLE		0	0	2,273
AbbVie Inc.	COM	00287Y109	411,592	2,761	SH		SOLE		0	0	2,761
Accenture plc	COM	G1151C101	214,639	699	SH		SOLE		0	0	699
Allstate Corporation	COM	020002101	486,305	4,365	SH		SOLE		0	0	4,365
Alphabet Inc.	COM	02079K107	616,976	4,679	SH		SOLE		0	0	4,679
Alphabet Inc. Cl A	COM	02079K305	259,234	1,981	SH		SOLE		0	0	1,981
Apple Inc.	COM	037833100	10,749,116	62,783	SH		SOLE		0	0	62,783
Armada Hoffler Properties Inc.	COM	04208T108	249,856	24,400	SH		SOLE		0	0	24,400
ASM Lithography Holdings	ADR	N07059210	608,674	1,034	SH		SOLE		0	0	1,034
Bank of America Corp.	COM	060505104	656,067	23,962	SH		SOLE		0	0	23,962
Berkshire Hathaway Inc.	COM	084670702	1,994,554	5,694	SH		SOLE		0	0	5,694
Bristol-Myers Squibb Co.	COM	110122108	211,377	3,642	SH		SOLE		0	0	3,642
Cadence Bank	COM	12740C103	1,314,072	61,926	SH		SOLE		0	0	61,926
Chevron Corp.	COM	166764100	294,023	1,744	SH		SOLE		0	0	1,744
Cisco Systems Inc.	COM	17275R102	1,768,623	32,899	SH		SOLE		0	0	32,899
Coca-Cola Co.	COM	191216100	307,810	5,499	SH		SOLE		0	0	5,499
Costco Wholesale Corp.	COM	22160K105	1,037,640	1,837	SH		SOLE		0	0	1,837
Dimensional U.S. Core Equity 2 ETF	COM	25434V708	275,747	10,525	SH		SOLE		0	0	10,525
Discover Financial Services	COM	254709108	256,511	2,961	SH		SOLE		0	0	2,961
Duke Energy Corp.	COM	26441C204	970,106	10,991	SH		SOLE		0	0	10,991
Enbridge Inc.	COM	29250N105	298,481	8,993	SH		SOLE		0	0	8,993
Exxon Mobil Corp.	COM	30231G102	823,175	7,001	SH		SOLE		0	0	7,001
FactSet Research Systems Inc.	COM	303075105	218,630	500	SH		SOLE		0	0	500
Ford Motor Company	COM	345370860	373,842	30,100	SH		SOLE		0	0	30,100
Global Payments Inc.	COM	37940X102	270,764	2,347	SH		SOLE		0	0	2,347
Halozyme Therapeutics, Inc.	COM	40637H109	685,690	17,950	SH		SOLE		0	0	17,950
Home Depot Inc.	COM	437076102	683,119	2,261	SH		SOLE		0	0	2,261
IBM Corp.	COM	459200101	414,030	2,951	SH		SOLE		0	0	2,951
Invesco FTSE RAFI US 1000 ETF	COM	46137V613	69,014,518	2,168,904	SH		SOLE		0	0	2,168,904
Invesco FTSE RAFI US 1500 Small-Mid ETF	COM	46137V597	26,763,276	811,254	SH		SOLE		0	0	811,254
Invesco QQQ ETF	COM	46090E103	263,328	735	SH		SOLE		0	0	735
Invesco S&P 500 Equal Weight Technology ETF	COM	46137V282	207,240	7,362	SH		SOLE		0	0	7,362
iShares 0-5 Year TIPS Bond ETF	COM	46429B747	22,851,340	235,775	SH		SOLE		0	0	235,775
iShares Cohen & Steers REIT ETF	COM	464287564	209,536	4,177	SH		SOLE		0	0	4,177
iShares Core Aggressive Allocation ETF	COM	464289859	278,217	4,382	SH		SOLE		0	0	4,382
iShares Core MSCI EAFE ETF	COM	46432F842	9,170,689	142,513	SH		SOLE		0	0	142,513
iShares Core MSCI Emerging Markets ETF	COM	46434G103	5,118,153	107,547	SH		SOLE		0	0	107,547
iShares Core MSCI Intl Developed Markets ETF	COM	46435G326	3,161,770	54,251	SH		SOLE		0	0	54,251
iShares Core S&P 500 ETF	COM	464287200	1,257,454	2,928	SH		SOLE		0	0	2,928
iShares Core U.S. Aggregate Bond ETF	COM	464287226	9,436,432	100,345	SH		SOLE		0	0	100,345
iShares Gold Trust ETF	COM	464285204	299,199	8,551	SH		SOLE		0	0	8,551
iShares MSCI EAFE ETF	COM	464287465	26,652,480	386,716	SH		SOLE		0	0	386,716
iShares MSCI Emerging Markets ETF	COM	464287234	7,030,430	185,255	SH		SOLE		0	0	185,255
iShares MSCI KLD 400 Social ETF	COM	464288570	224,871	2,762	SH		SOLE		0	0	2,762
iShares MSCI World ETF	COM	464286392	233,293	1,941	SH		SOLE		0	0	1,941
iShares Russell 1000 ETF	COM	464287622	83,751,384	356,525	SH		SOLE		0	0	356,525
iShares Russell 1000 Growth ETF	COM	464287614	7,182,654	27,003	SH		SOLE		0	0	27,003
iShares Russell 1000 Value ETF	COM	464287598	5,902,425	38,878	SH		SOLE		0	0	38,878
iShares Russell 2000 ETF	COM	464287655	8,960,905	50,701	SH		SOLE		0	0	50,701
iShares Russell 2000 Growth ETF	COM	464287648	251,150	1,120	SH		SOLE		0	0	1,120
iShares Russell Mid-Cap ETF	COM	464287499	288,169	4,161	SH		SOLE		0	0	4,161
iShares Russell Mid-Cap Value ETF	COM	464287473	260,585	2,497	SH		SOLE		0	0	2,497
iShares S&P 500 Growth ETF	COM	464287309	681,190	9,956	SH		SOLE		0	0	9,956
iShares Select Dividend ETF	COM	464287168	320,274	2,975	SH		SOLE		0	0	2,975
iShares TIPS Bond ETF	COM	464287176	2,112,925	20,371	SH		SOLE		0	0	20,371
iShares Treasury Floating Rate Bond ETF	COM	46434V860	55,110,333	1,086,132	SH		SOLE		0	0	1,086,132
iShares U.S. Healthcare ETF	COM	464287762	209,574	776	SH		SOLE		0	0	776
Johnson & Johnson Inc.	COM	478160104	409,627	2,630	SH		SOLE		0	0	2,630
JPMorgan Chase & Co.	COM	46625H100	370,707	2,556	SH		SOLE		0	0	2,556
JPMorgan Ultra-Short Income ETF	COM	46641Q837	16,906,394	336,915	SH		SOLE		0	0	336,915
Lowes Companies, Inc.	COM	548661107	4,718,072	22,701	SH		SOLE		0	0	22,701
Microsoft Corp.	COM	594918104	2,622,257	8,305	SH		SOLE		0	0	8,305
Moderna, Inc.	COM	60770K107	516,450	5,000	SH		SOLE		0	0	5,000
Morgan Stanley	COM	617446448	536,587	6,570	SH		SOLE		0	0	6,570
Motorola Solutions Inc.	COM	620076307	425,239	1,562	SH		SOLE		0	0	1,562
Nike Inc.	COM	654106103	226,773	2,372	SH		SOLE		0	0	2,372
ONEOK Inc.	COM	682680103	634,300	10,000	SH		SOLE		0	0	10,000
Oracle Corporation	COM	68389X105	200,824	1,896	SH		SOLE		0	0	1,896
Park National Corp.	COM	700658107	386,776	4,092	SH		SOLE		0	0	4,092
PepsiCo Inc.	COM	713448108	244,517	1,443	SH		SOLE		0	0	1,443
PIMCO 1-5 Year U.S. TIPS Index ETF	COM	72201R205	1,134,605	22,651	SH		SOLE		0	0	22,651
PIMCO Enhanced Short Maturity Active ETF	COM	72201R833	2,360,669	23,574	SH		SOLE		0	0	23,574
Procter & Gamble Co.	COM	742718109	243,336	1,668	SH		SOLE		0	0	1,668
Public Service Enterprise Group Inc.	COM	744573106	341,460	6,000	SH		SOLE		0	0	6,000
Raymond James Financial Inc.	COM	754730109	219,038	2,181	SH		SOLE		0	0	2,181
SPDR Gold Shares ETF	COM	78463V107	331,756	1,935	SH		SOLE		0	0	1,935
SPDR Portfolio Developed World ex-US ETF	COM	78463X889	338,442	10,914	SH		SOLE		0	0	10,914
SPDR Portfolio S&P 500 Growth ETF	COM	78464A409	289,305	4,880	SH		SOLE		0	0	4,880
SPDR Portfolio S&P 500 Value ETF	COM	78464A508	248,515	6,023	SH		SOLE		0	0	6,023
SPDR S&P 500 ETF	COM	78462F103	489,727	1,146	SH		SOLE		0	0	1,146
Tesla Inc.	COM	88160R101	987,618	3,947	SH		SOLE		0	0	3,947
TowneBank	COM	89214P109	400,793	17,479	SH		SOLE		0	0	17,479
Truist Financial Corp.	COM	89832Q109	2,448,416	85,579	SH		SOLE		0	0	85,579
Union Pacific Corp.	COM	907818108	271,612	1,334	SH		SOLE		0	0	1,334
UnitedHealth Group Inc.	COM	91324P102	361,504	717	SH		SOLE		0	0	717
Vanguard ESG U.S. Stock ETF	COM	921910733	887,712	11,802	SH		SOLE		0	0	11,802
Vanguard FTSE Developed Markets ETF	COM	921943858	64,325,835	1,471,314	SH		SOLE		0	0	1,471,314
Vanguard FTSE Emerging Markets ETF	COM	922042858	25,963,030	662,153	SH		SOLE		0	0	662,153
Vanguard Russell 1000 ETF	COM	92206C730	10,162,796	52,208	SH		SOLE		0	0	52,208
Vanguard Russell 1000 Value ETF	COM	92206C714	1,013,097	15,198	SH		SOLE		0	0	15,198
Vanguard Russell 2000 ETF	COM	92206C664	1,121,422	15,697	SH		SOLE		0	0	15,697
Vanguard Russell 3000 ETF	COM	92206C599	450,763	2,363	SH		SOLE		0	0	2,363
Vanguard S&P 500 Value ETF	COM	921932703	1,178,634	7,927	SH		SOLE		0	0	7,927
Vanguard Short-Term Bond ETF	COM	921937827	32,352,919	430,397	SH		SOLE		0	0	430,397
Vanguard Short-Term Inflation-Protected Securities ETF	COM	922020805	4,400,367	93,070	SH		SOLE		0	0	93,070
Vanguard Small-Cap Value Index ETF	COM	922908611	673,241	4,221	SH		SOLE		0	0	4,221
Vanguard Total Bond Market ETF	COM	921937835	8,126,397	116,457	SH		SOLE		0	0	116,457
Vanguard Total Stock Market ETF	COM	922908769	2,751,150	12,952	SH		SOLE		0	0	12,952
Vanguard Total World Stock Index ETF	COM	922042742	4,882,685	52,401	SH		SOLE		0	0	52,401
Vanguard Value ETF	COM	922908744	1,309,247	9,492	SH		SOLE		0	0	9,492
Wells Fargo & Co.	COM	949746101	320,310	7,839	SH		SOLE		0	0	7,839