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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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	Common	002824100	227,886	2,193	SH		SOLE		0	0	2,193
AbbVie Inc.	Common	00287Y109	424,555	2,475	SH		SOLE		0	0	2,475
Accenture plc	Common	G1151C101	212,053	699	SH		SOLE		0	0	699
Allstate Corporation	Common	020002101	534,542	3,348	SH		SOLE		0	0	3,348
Alphabet Inc. Cl A	Common	02079K305	324,591	1,782	SH		SOLE		0	0	1,782
Alphabet Inc. Cl C	Common	02079K107	795,309	4,336	SH		SOLE		0	0	4,336
Amazon.com Inc.	Common	023135106	305,722	1,582	SH		SOLE		0	0	1,582
Apollo Global Management, Inc.	Common	03769M106	330,596	2,800	SH		SOLE		0	0	2,800
Apple Inc.	Common	037833100	5,371,410	25,503	SH		SOLE		0	0	25,503
Armada Hoffler Properties Inc.	Common	04208T108	270,596	24,400	SH		SOLE		0	0	24,400
ASM Lithography Holdings	ADR	N07059210	1,057,503	1,034	SH		SOLE		0	0	1,034
Bank of America Corp.	Common	060505104	353,280	8,883	SH		SOLE		0	0	8,883
Berkshire Hathaway Inc.	Common	084670702	2,319,104	5,701	SH		SOLE		0	0	5,701
Berkshire Hathaway Inc.	Common	084670108	612,241	1	SH		SOLE		0	0	1
Broadcom Inc.	Common	11135F101	248,857	155	SH		SOLE		0	0	155
Cadence Bank	Common	12740C103	2,033,813	71,917	SH		SOLE		0	0	71,917
Caterpillar Inc.	Common	149123101	214,850	645	SH		SOLE		0	0	645
Chevron Corp.	Common	166764100	272,809	1,744	SH		SOLE		0	0	1,744
Cisco Systems Inc.	Common	17275R102	1,563,008	32,899	SH		SOLE		0	0	32,899
Coca-Cola Co.	Common	191216100	330,266	5,189	SH		SOLE		0	0	5,189
Costco Wholesale Corp.	Common	22160K105	1,554,344	1,829	SH		SOLE		0	0	1,829
Discover Financial Services	Common	254709108	386,282	2,953	SH		SOLE		0	0	2,953
Duke Energy Corp.	Common	26441C204	406,401	4,055	SH		SOLE		0	0	4,055
Eli Lilly & Co.	Common	532457108	214,255	237	SH		SOLE		0	0	237
Enbridge Inc.	Common	29250N105	230,049	6,464	SH		SOLE		0	0	6,464
Exxon Mobil Corp.	Common	30231G102	782,541	6,798	SH		SOLE		0	0	6,798
FactSet Research Systems Inc.	Common	303075105	204,135	500	SH		SOLE		0	0	500
Ford Motor Company	Common	345370860	296,803	23,669	SH		SOLE		0	0	23,669
General Electric Co.	Common	369604301	232,906	1,465	SH		SOLE		0	0	1,465
Global Payments Inc.	Common	37940X102	226,943	2,347	SH		SOLE		0	0	2,347
Home Depot Inc.	Common	437076102	898,395	2,610	SH		SOLE		0	0	2,610
Invesco FTSE RAFI US 1000 ETF	ETF	46137V613	83,462,968	2,199,288	SH		SOLE		0	0	2,199,288
Invesco FTSE RAFI US 1500 Small-Mid ETF	ETF	46137V597	32,802,222	860,048	SH		SOLE		0	0	860,048
Invesco S&P 500 Equal Weight Technology ETF	ETF	46137V282	264,612	7,218	SH		SOLE		0	0	7,218
iShares 0-5 Year TIPS Bond ETF	ETF	46429B747	878,214	8,827	SH		SOLE		0	0	8,827
iShares Cohen & Steers REIT ETF	ETF	464287564	229,301	4,002	SH		SOLE		0	0	4,002
iShares Core Aggressive Allocation ETF	ETF	464289859	334,980	4,480	SH		SOLE		0	0	4,480
iShares Core MSCI EAFE ETF	ETF	46432F842	9,875,721	135,954	SH		SOLE		0	0	135,954
iShares Core MSCI Emerging Markets ETF	ETF	46434G103	5,342,951	99,812	SH		SOLE		0	0	99,812
iShares Core MSCI Intl Developed Markets ETF	ETF	46435G326	3,346,463	50,982	SH		SOLE		0	0	50,982
iShares Core S&P 500 ETF	ETF	464287200	1,457,674	2,664	SH		SOLE		0	0	2,664
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	23,869,429	245,899	SH		SOLE		0	0	245,899
iShares Gold Trust ETF	ETF	464285204	337,558	7,684	SH		SOLE		0	0	7,684
iShares MSCI EAFE ETF	ETF	464287465	29,030,635	370,620	SH		SOLE		0	0	370,620
iShares MSCI Emerging Markets ETF	ETF	464287234	7,315,780	171,772	SH		SOLE		0	0	171,772
iShares MSCI KLD 400 Social ETF	ETF	464288570	287,568	2,769	SH		SOLE		0	0	2,769
iShares MSCI World ETF	ETF	464286392	290,555	1,970	SH		SOLE		0	0	1,970
iShares Russell 1000 ETF	ETF	464287622	104,935,175	352,676	SH		SOLE		0	0	352,676
iShares Russell 1000 Growth ETF	ETF	464287614	9,241,345	25,353	SH		SOLE		0	0	25,353
iShares Russell 1000 Value ETF	ETF	464287598	6,800,381	38,977	SH		SOLE		0	0	38,977
iShares Russell 2000 ETF	ETF	464287655	10,402,792	51,273	SH		SOLE		0	0	51,273
iShares Russell 2000 Growth ETF	ETF	464287648	294,153	1,120	SH		SOLE		0	0	1,120
iShares Russell 3000 ETF	ETF	464287689	250,317	811	SH		SOLE		0	0	811
iShares Russell Mid-Cap ETF	ETF	464287499	337,397	4,161	SH		SOLE		0	0	4,161
iShares Russell Mid-Cap Growth ETF	ETF	464287481	231,956	2,102	SH		SOLE		0	0	2,102
iShares Russell Mid-Cap Value ETF	ETF	464287473	301,543	2,497	SH		SOLE		0	0	2,497
iShares S&P 500 Growth ETF	ETF	464287309	815,370	8,811	SH		SOLE		0	0	8,811
iShares Select Dividend ETF	ETF	464287168	348,835	2,883	SH		SOLE		0	0	2,883
iShares TIPS Bond ETF	ETF	464287176	29,810,872	279,180	SH		SOLE		0	0	279,180
iShares Treasury Floating Rate Bond ETF	ETF	46434V860	77,155,124	1,522,999	SH		SOLE		0	0	1,522,999
iShares U.S. Healthcare ETF	ETF	464287762	249,920	4,079	SH		SOLE		0	0	4,079
Johnson & Johnson Inc.	Common	478160104	451,639	3,090	SH		SOLE		0	0	3,090
JPMorgan Chase & Co.	Common	46625H100	590,550	2,920	SH		SOLE		0	0	2,920
JPMorgan Ultra-Short Income ETF	ETF	46641Q837	18,294,914	362,491	SH		SOLE		0	0	362,491
Lowes Companies, Inc.	Common	548661107	254,852	1,156	SH		SOLE		0	0	1,156
McCormick & Company, Inc.	Common	579780107	965,241	13,989	SH		SOLE		0	0	13,989
McDonalds Corporation	Common	580135101	465,593	1,827	SH		SOLE		0	0	1,827
Microsoft Corp.	Common	594918104	4,086,401	9,143	SH		SOLE		0	0	9,143
Morgan Stanley	Common	617446448	530,668	5,460	SH		SOLE		0	0	5,460
Motorola Solutions Inc.	Common	620076307	603,010	1,562	SH		SOLE		0	0	1,562
NVIDIA Corporation	Common	67066G104	360,574	2,919	SH		SOLE		0	0	2,919
Oracle Corporation	Common	68389X105	431,790	3,058	SH		SOLE		0	0	3,058
PepsiCo Inc.	Common	713448108	293,425	1,779	SH		SOLE		0	0	1,779
PIMCO 1-5 Year U.S. TIPS Index ETF	ETF	72201R205	3,953,605	76,561	SH		SOLE		0	0	76,561
PIMCO Enhanced Short Maturity Active ETF	ETF	72201R833	886,306	8,806	SH		SOLE		0	0	8,806
Procter & Gamble Co.	Common	742718109	468,746	2,842	SH		SOLE		0	0	2,842
Raymond James Financial Inc.	Common	754730109	269,593	2,181	SH		SOLE		0	0	2,181
RTX Corporation	Common	75513E101	229,291	2,284	SH		SOLE		0	0	2,284
SPDR Gold Shares ETF	ETF	78463V107	358,207	1,666	SH		SOLE		0	0	1,666
SPDR S&P 500 ETF	ETF	78462F103	1,847,379	3,395	SH		SOLE		0	0	3,395
Target Corp.	Common	87612E106	200,687	1,356	SH		SOLE		0	0	1,356
Thermo Fisher Scientific, Inc.	Common	883556102	351,764	636	SH		SOLE		0	0	636
Union Pacific Corp.	Common	907818108	371,485	1,642	SH		SOLE		0	0	1,642
UnitedHealth Group Inc.	Common	91324P102	375,834	738	SH		SOLE		0	0	738
Vanguard ESG U.S. Stock ETF	ETF	921910733	1,249,292	12,930	SH		SOLE		0	0	12,930
Vanguard FTSE Developed Markets ETF	ETF	921943858	75,039,142	1,518,396	SH		SOLE		0	0	1,518,396
Vanguard FTSE Emerging Markets ETF	ETF	922042858	24,943,294	570,002	SH		SOLE		0	0	570,002
Vanguard Large Cap ETF	ETF	922908637	234,393	939	SH		SOLE		0	0	939
Vanguard Mid-Cap Growth ETF	ETF	922908538	210,966	919	SH		SOLE		0	0	919
Vanguard Russell 1000 ETF	ETF	92206C730	14,069,666	57,177	SH		SOLE		0	0	57,177
Vanguard Russell 1000 Value ETF	ETF	92206C714	1,264,976	16,521	SH		SOLE		0	0	16,521
Vanguard Russell 2000 ETF	ETF	92206C664	1,624,659	19,820	SH		SOLE		0	0	19,820
Vanguard Russell 3000 ETF	ETF	92206C599	567,070	2,367	SH		SOLE		0	0	2,367
Vanguard S&P 500 Value ETF	ETF	921932703	538,401	3,063	SH		SOLE		0	0	3,063
Vanguard Short-Term Bond ETF	ETF	921937827	40,860,741	532,735	SH		SOLE		0	0	532,735
Vanguard Short-Term Inflation-Protected Securities ETF	ETF	922020805	2,264,477	46,652	SH		SOLE		0	0	46,652
Vanguard Small-Cap Value Index ETF	ETF	922908611	1,104,320	6,050	SH		SOLE		0	0	6,050
Vanguard Total Bond Market ETF	ETF	921937835	10,597,260	147,082	SH		SOLE		0	0	147,082
Vanguard Total Stock Market ETF	ETF	922908769	2,649,290	9,904	SH		SOLE		0	0	9,904
Vanguard Total World Stock Index ETF	ETF	922042742	4,826,103	42,849	SH		SOLE		0	0	42,849
Vanguard Value ETF	ETF	922908744	1,626,962	10,143	SH		SOLE		0	0	10,143