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	211,566	1,922	SH		SOLE		0	0	1,922
AbbVie Inc.	COM	00287Y109	373,516	2,410	SH		SOLE		0	0	2,410
Accenture plc	COM	G1151C101	245,251	699	SH		SOLE		0	0	699
Allstate Corporation	COM	020002101	569,019	4,065	SH		SOLE		0	0	4,065
Alphabet Inc. Cl A	COM	02079K305	276,726	1,981	SH		SOLE		0	0	1,981
Alphabet Inc. Cl C	COM	02079K107	690,188	4,897	SH		SOLE		0	0	4,897
Amazon.com Inc.	COM	023135106	253,740	1,670	SH		SOLE		0	0	1,670
Apple Inc.	COM	037833100	11,273,038	58,552	SH		SOLE		0	0	58,552
Armada Hoffler Properties Inc.	COM	04208T108	301,828	24,400	SH		SOLE		0	0	24,400
ASM Lithography Holdings	ADR	N07059210	782,655	1,034	SH		SOLE		0	0	1,034
Bank of America Corp.	COM	060505104	470,236	13,966	SH		SOLE		0	0	13,966
Berkshire Hathaway Inc.	COM	084670702	2,030,767	5,694	SH		SOLE		0	0	5,694
Berkshire Hathaway Inc.	COM	084670108	542,625	1	SH		SOLE		0	0	1
Cadence Bank	COM	12740C103	1,832,393	61,926	SH		SOLE		0	0	61,926
Chevron Corp.	COM	166764100	260,109	1,744	SH		SOLE		0	0	1,744
Cisco Systems Inc.	COM	17275R102	1,662,032	32,899	SH		SOLE		0	0	32,899
Coca-Cola Co.	COM	191216100	359,547	6,101	SH		SOLE		0	0	6,101
Costco Wholesale Corp.	COM	22160K105	1,207,063	1,829	SH		SOLE		0	0	1,829
Dimensional U.S. Core Equity 2 ETF	COM	25434V708	287,381	9,832	SH		SOLE		0	0	9,832
Discover Financial Services	COM	254709108	331,917	2,953	SH		SOLE		0	0	2,953
Duke Energy Corp.	COM	26441C204	1,049,459	10,815	SH		SOLE		0	0	10,815
Enbridge Inc.	COM	29250N105	235,876	6,548	SH		SOLE		0	0	6,548
Exxon Mobil Corp.	COM	30231G102	676,550	6,767	SH		SOLE		0	0	6,767
FactSet Research Systems Inc.	COM	303075105	238,525	500	SH		SOLE		0	0	500
Ford Motor Company	COM	345370860	282,118	23,143	SH		SOLE		0	0	23,143
Global Payments Inc.	COM	37940X102	298,021	2,347	SH		SOLE		0	0	2,347
Halozyme Therapeutics, Inc.	COM	40637H109	663,432	17,950	SH		SOLE		0	0	17,950
Home Depot Inc.	COM	437076102	783,478	2,261	SH		SOLE		0	0	2,261
IBM Corp.	COM	459200101	318,929	1,950	SH		SOLE		0	0	1,950
Invesco FTSE RAFI US 1000 ETF	COM	46137V613	77,478,268	2,201,087	SH		SOLE		0	0	2,201,087
Invesco FTSE RAFI US 1500 Small-Mid ETF	COM	46137V597	30,437,467	811,882	SH		SOLE		0	0	811,882
Invesco QQQ ETF	COM	46090E103	300,997	735	SH		SOLE		0	0	735
Invesco S&P 500 Equal Weight Technology ETF	COM	46137V282	244,343	7,486	SH		SOLE		0	0	7,486
iShares 0-5 Year TIPS Bond ETF	COM	46429B747	1,632,851	16,562	SH		SOLE		0	0	16,562
iShares Cohen & Steers REIT ETF	COM	464287564	247,323	4,211	SH		SOLE		0	0	4,211
iShares Core Aggressive Allocation ETF	COM	464289859	304,601	4,411	SH		SOLE		0	0	4,411
iShares Core MSCI EAFE ETF	COM	46432F842	10,704,134	152,155	SH		SOLE		0	0	152,155
iShares Core MSCI Emerging Markets ETF	COM	46434G103	6,520,442	128,913	SH		SOLE		0	0	128,913
iShares Core MSCI Intl Developed Markets ETF	COM	46435G326	3,609,422	56,698	SH		SOLE		0	0	56,698
iShares Core S&P 500 ETF	COM	464287200	1,308,321	2,739	SH		SOLE		0	0	2,739
iShares Core U.S. Aggregate Bond ETF	COM	464287226	18,317,073	184,555	SH		SOLE		0	0	184,555
iShares Gold Trust ETF	COM	464285204	333,746	8,551	SH		SOLE		0	0	8,551
iShares MSCI EAFE ETF	COM	464287465	28,923,209	383,851	SH		SOLE		0	0	383,851
iShares MSCI Emerging Markets ETF	COM	464287234	7,324,434	182,155	SH		SOLE		0	0	182,155
iShares MSCI KLD 400 Social ETF	COM	464288570	251,884	2,766	SH		SOLE		0	0	2,766
iShares MSCI World ETF	COM	464286392	260,147	1,956	SH		SOLE		0	0	1,956
iShares Russell 1000 ETF	COM	464287622	93,955,997	358,255	SH		SOLE		0	0	358,255
iShares Russell 1000 Growth ETF	COM	464287614	7,930,662	26,159	SH		SOLE		0	0	26,159
iShares Russell 1000 Value ETF	COM	464287598	6,441,338	38,979	SH		SOLE		0	0	38,979
iShares Russell 2000 ETF	COM	464287655	10,290,275	51,269	SH		SOLE		0	0	51,269
iShares Russell 2000 Growth ETF	COM	464287648	282,601	1,120	SH		SOLE		0	0	1,120
iShares Russell 3000 ETF	COM	464287689	221,991	811	SH		SOLE		0	0	811
iShares Russell Mid-Cap ETF	COM	464287499	323,456	4,161	SH		SOLE		0	0	4,161
iShares Russell Mid-Cap Value ETF	COM	464287473	290,430	2,497	SH		SOLE		0	0	2,497
iShares S&P 500 Growth ETF	COM	464287309	747,696	9,956	SH		SOLE		0	0	9,956
iShares Select Dividend ETF	COM	464287168	348,778	2,975	SH		SOLE		0	0	2,975
iShares TIPS Bond ETF	COM	464287176	26,780,764	249,147	SH		SOLE		0	0	249,147
iShares Treasury Floating Rate Bond ETF	COM	46434V860	63,350,579	1,255,213	SH		SOLE		0	0	1,255,213
iShares U.S. Healthcare ETF	COM	464287762	216,397	756	SH		SOLE		0	0	756
Johnson & Johnson Inc.	COM	478160104	490,601	3,130	SH		SOLE		0	0	3,130
JPMorgan Chase & Co.	COM	46625H100	352,739	2,074	SH		SOLE		0	0	2,074
JPMorgan Ultra-Short Income ETF	COM	46641Q837	17,029,040	339,021	SH		SOLE		0	0	339,021
Live Oak Bancshares, Inc.	COM	53803X105	210,687	4,630	SH		SOLE		0	0	4,630
Lowes Companies, Inc.	COM	548661107	4,718,171	21,201	SH		SOLE		0	0	21,201
McDonalds Corporation	COM	580135101	348,399	1,175	SH		SOLE		0	0	1,175
Microsoft Corp.	COM	594918104	2,793,170	7,428	SH		SOLE		0	0	7,428
Morgan Stanley	COM	617446448	605,071	6,489	SH		SOLE		0	0	6,489
Motorola Solutions Inc.	COM	620076307	489,047	1,562	SH		SOLE		0	0	1,562
Nike Inc.	COM	654106103	258,036	2,377	SH		SOLE		0	0	2,377
NVIDIA Corporation	COM	67066G104	213,870	432	SH		SOLE		0	0	432
ONEOK Inc.	COM	682680103	702,200	10,000	SH		SOLE		0	0	10,000
Park National Corp.	COM	700658107	543,663	4,092	SH		SOLE		0	0	4,092
PepsiCo Inc.	COM	713448108	291,800	1,718	SH		SOLE		0	0	1,718
PIMCO 1-5 Year U.S. TIPS Index ETF	COM	72201R205	1,813,955	35,463	SH		SOLE		0	0	35,463
PIMCO Enhanced Short Maturity Active ETF	COM	72201R833	1,769,942	17,737	SH		SOLE		0	0	17,737
Procter & Gamble Co.	COM	742718109	347,984	2,375	SH		SOLE		0	0	2,375
Public Service Enterprise Group Inc.	COM	744573106	366,900	6,000	SH		SOLE		0	0	6,000
Raymond James Financial Inc.	COM	754730109	243,182	2,181	SH		SOLE		0	0	2,181
SPDR Gold Shares ETF	COM	78463V107	364,752	1,908	SH		SOLE		0	0	1,908
SPDR S&P 500 ETF	COM	78462F103	544,521	1,146	SH		SOLE		0	0	1,146
Tesla Inc.	COM	88160R101	980,751	3,947	SH		SOLE		0	0	3,947
TowneBank	COM	89214P109	519,669	17,462	SH		SOLE		0	0	17,462
Truist Financial Corp.	COM	89832Q109	3,117,711	84,445	SH		SOLE		0	0	84,445
Union Pacific Corp.	COM	907818108	327,620	1,334	SH		SOLE		0	0	1,334
UnitedHealth Group Inc.	COM	91324P102	377,479	717	SH		SOLE		0	0	717
Vanguard ESG U.S. Stock ETF	COM	921910733	1,010,480	11,880	SH		SOLE		0	0	11,880
Vanguard FTSE Developed Markets ETF	COM	921943858	72,360,217	1,510,652	SH		SOLE		0	0	1,510,652
Vanguard FTSE Emerging Markets ETF	COM	922042858	26,265,248	639,057	SH		SOLE		0	0	639,057
Vanguard Large Cap ETF	COM	922908637	204,843	939	SH		SOLE		0	0	939
Vanguard Mid-Cap Growth ETF	COM	922908538	201,785	919	SH		SOLE		0	0	919
Vanguard Russell 1000 ETF	COM	92206C730	11,435,914	52,715	SH		SOLE		0	0	52,715
Vanguard Russell 1000 Value ETF	COM	92206C714	1,177,090	16,227	SH		SOLE		0	0	16,227
Vanguard Russell 2000 ETF	COM	92206C664	1,675,914	20,665	SH		SOLE		0	0	20,665
Vanguard Russell 3000 ETF	COM	92206C599	503,426	2,365	SH		SOLE		0	0	2,365
Vanguard S&P 500 Value ETF	COM	921932703	1,342,332	7,992	SH		SOLE		0	0	7,992
Vanguard Short-Term Bond ETF	COM	921937827	34,771,851	451,465	SH		SOLE		0	0	451,465
Vanguard Short-Term Inflation-Protected Securities ETF	COM	922020805	2,174,947	45,798	SH		SOLE		0	0	45,798
Vanguard Small-Cap Value Index ETF	COM	922908611	1,108,719	6,161	SH		SOLE		0	0	6,161
Vanguard Total Bond Market ETF	COM	921937835	8,404,396	114,268	SH		SOLE		0	0	114,268
Vanguard Total Stock Market ETF	COM	922908769	2,401,683	10,124	SH		SOLE		0	0	10,124
Vanguard Total World Stock Index ETF	COM	922042742	4,773,858	46,402	SH		SOLE		0	0	46,402
Vanguard Value ETF	COM	922908744	1,490,189	9,968	SH		SOLE		0	0	9,968
Wells Fargo & Co.	COM	949746101	328,355	6,671	SH		SOLE		0	0	6,671