Betterment 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

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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
ISHARES TR	Common	464287176	288	2,247	SH		SOLE		2,247	0	0
VANGUARD INDEX FDS	Common	922908769	6,053,575	27,168,007	SH		SOLE		27,168,007	0	0
ISHARES TR	Common	464287408	87,088	589,867	SH		SOLE		589,867	0	0
ISHARES TR	Common	464287598	426	2,685	SH		SOLE		2,685	0	0
ISHARES TR	Common	464287473	209,474	1,821,826	SH		SOLE		1,821,826	0	0
ISHARES TR	Common	464287630	174,743	1,054,128	SH		SOLE		1,054,128	0	0
ISHARES TR	Common	464287457	3,129	36,317	SH		SOLE		36,317	0	0
VANGUARD TAX MANAGED INTL FD	Common	921943858	4,475,726	86,873,564	SH		SOLE		86,873,564	0	0
VANGUARD INTL EQUITY INDEX F	Common	922042858	2,985,180	54,965,565	SH		SOLE		54,965,565	0	0
SPDR SP 500 ETF TR	Common	78462F103	529	1,236	SH		SOLE		1,236	0	0
ISHARES TR	Common	464288679	738,984	6,688,241	SH		SOLE		6,688,241	0	0
VANGUARD BD INDEX FD INC	Common	921937835	139,305	1,621,896	SH		SOLE		1,621,896	0	0
VANGUARD INDEX FDS	Common	922908553	578	5,675	SH		SOLE		5,675	0	0
ISHARES TR	Common	464287226	746,829	6,475,583	SH		SOLE		6,475,583	0	0
VANGUARD WHITEHALL FDS INC	Common	921946885	106,634	1,335,765	SH		SOLE		1,335,765	0	0
VANGUARD CHARLOTTE FDS	Common	92203J407	1,666,237	29,181,040	SH		SOLE		29,181,040	0	0
VANGUARD MALVERN FDS	Common	922020805	478,827	9,136,176	SH		SOLE		9,136,176	0	0
ISHARES TR	Common	464287242	18,539	137,978	SH		SOLE		137,978	0	0
ISHARES TR	Common	464288414	1,074,343	9,166,750	SH		SOLE		9,166,750	0	0
ISHARES TR	Common	464288356	4,397	70,216	SH		SOLE		70,216	0	0
ISHARES TR	Common	464288323	4,751	81,275	SH		SOLE		81,275	0	0
VANGUARD SCOTTSDALE FDS	Common	92206C870	3,546	37,301	SH		SOLE		37,301	0	0
SPDR SERIES TRUST	Common	78468R721	194,718	3,736,675	SH		SOLE		3,736,675	0	0
ISHARES TR	Common	464288281	848,770	7,547,302	SH		SOLE		7,547,302	0	0
Invesco	Common	46138E784	2,737	99,080	SH		SOLE		99,080	0	0
SCHWAB STRATEGIC TR	Common	808524102	425,045	4,076,389	SH		SOLE		4,076,389	0	0
ISHARES TR	Common	464287150	991,784	10,042,366	SH		SOLE		10,042,366	0	0
VANGUARD INDEX FDS	Common	922908744	1,687,598	12,277,012	SH		SOLE		12,277,012	0	0
SCHWAB STRATEGIC TR	Common	808524409	164,842	2,411,030	SH		SOLE		2,411,030	0	0
VANGUARD INDEX FDS	Common	922908512	1,411,855	10,048,791	SH		SOLE		10,048,791	0	0
ISHARES TR	Common	464287705	6,647	63,102	SH		SOLE		63,102	0	0
VANGUARD INDEX FDS	Common	922908611	1,271,943	7,324,329	SH		SOLE		7,324,329	0	0
SCHWAB STRATEGIC TR	Common	808524805	732,764	18,574,491	SH		SOLE		18,574,491	0	0
ISHARES TR	Common	46432F842	439,937	5,876,792	SH		SOLE		5,876,792	0	0
SCHWAB STRATEGIC TR	Common	808524706	2,746	83,528	SH		SOLE		83,528	0	0
ISHARES INC	Common	46434G103	379,565	5,665,988	SH		SOLE		5,665,988	0	0
VANGUARD SPECIALIZED PORTFOL	Common	921908844	650	4,202	SH		SOLE		4,202	0	0
SCHWAB STRATEGIC TR	Common	808524870	1,554	24,859	SH		SOLE		24,859	0	0
VANGUARD INTL EQUITY INDEX F	Common	922042676	1,782	30,539	SH		SOLE		30,539	0	0
ISHARES TR	Common	464287200	2,988	6,950	SH		SOLE		6,950	0	0
SCHWAB STRATEGIC TR	Common	808524847	3,509	76,629	SH		SOLE		76,629	0	0
Invesco	Common	46090E103	4,958	13,989	SH		SOLE		13,989	0	0
VANGUARD BD INDEX FD INC	Common	921937793	9,601	93,185	SH		SOLE		93,185	0	0
ISHARES TR	Common	464287655	409	1,785	SH		SOLE		1,785	0	0
ISHARES	Common	464289479	724	10,014	SH		SOLE		10,014	0	0
ISHARES TR	Common	464287440	2,127	18,413	SH		SOLE		18,413	0	0
VANGUARD INDEX FDS	Common	922908751	14,121	62,684	SH		SOLE		62,684	0	0
VANGUARD INDEX FDS	Common	922908629	493	2,076	SH		SOLE		2,076	0	0
VANGUARD INDEX FDS	Common	922908363	41,215	104,735	SH		SOLE		104,735	0	0
ISHARES TR	Common	464287507	220	820	SH		SOLE		820	0	0
FIRST TR EXCHANGE TRADED FD	Common	33738D101	943	38,535	SH		SOLE		38,535	0	0
SCHWAB STRATEGIC TR	Common	808524797	206	2,729	SH		SOLE		2,729	0	0
VANGUARD INDEX FDS	Common	922908736	39,094	136,307	SH		SOLE		136,307	0	0
ISHARES TR	Common	464287309	375	5,161	SH		SOLE		5,161	0	0
VANGUARD STAR FD	Common	921909768	722	10,988	SH		SOLE		10,988	0	0
VANGUARD ADMIRAL FDS INC	Common	921932828	560	2,698	SH		SOLE		2,698	0	0
SCHWAB STRATEGIC TR	Common	808524201	353	3,392	SH		SOLE		3,392	0	0
DBX ETF TR	Common	233051879	297	7,327	SH		SOLE		7,327	0	0
Invesco	Common	46137V589	1,371	89,531	SH		SOLE		89,531	0	0
INDEXIQ ETF TR	Common	45409B107	1,293	40,079	SH		SOLE		40,079	0	0
WISDOMTREE TR	Common	97717W125	3,899	94,132	SH		SOLE		94,132	0	0
VANGUARD BD INDEX FD INC	Common	921937819	9,117	101,345	SH		SOLE		101,345	0	0
ETFS GOLD TR	Common	00326A104	608	35,764	SH		SOLE		35,764	0	0
VANGUARD WHITEHALL FDS INC	Common	921946406	917	8,756	SH		SOLE		8,756	0	0
VANGUARD BD INDEX FD INC	Common	921937827	16,956	206,372	SH		SOLE		206,372	0	0
ISHARES TR	Common	464288646	7,677	140,059	SH		SOLE		140,059	0	0
ISHARES	Common	464286533	7,275	113,396	SH		SOLE		113,396	0	0
ISHARES TR	Common	464288687	745	18,933	SH		SOLE		18,933	0	0
ISHARES TR	Common	464288588	10,248	94,685	SH		SOLE		94,685	0	0
MARKET VECTORS ETF TR	Common	92189H409	641	10,080	SH		SOLE		10,080	0	0
ISHARES TR	Common	464288653	407	2,772	SH		SOLE		2,772	0	0
ISHARES TR	Common	464287432	510	3,536	SH		SOLE		3,536	0	0
VANGUARD BD INDEX FD INC	Common	92206C847	837	9,548	SH		SOLE		9,548	0	0
SPDR SERIES TRUST	Common	78464A664	15,586	377,374	SH		SOLE		377,374	0	0
CAMBRIA ETF TR	Common	132061888	3,296	134,632	SH		SOLE		134,632	0	0
CAMBRIA ETF TR	Common	132061409	2,998	130,738	SH		SOLE		130,738	0	0
CAMBRIA ETF TR	Common	132061508	16,314	541,810	SH		SOLE		541,810	0	0
CAMBRIA ETF TR	Common	132061201	2,334	36,448	SH		SOLE		36,448	0	0
CAMBRIA ETF TR	Common	132061300	1,114	40,143	SH		SOLE		40,143	0	0
CAMBRIA ETF TR	Common	132061706	1,257	32,733	SH		SOLE		32,733	0	0
Invesco	Common	46090F100	679	33,796	SH		SOLE		33,796	0	0
WISDOMTREE TR	Common	97717W547	231	3,864	SH		SOLE		3,864	0	0
VANGUARD BD INDEX FD INC	Common	922907746	1,291	23,343	SH		SOLE		23,343	0	0
VANECK VECTORS TR	Common	92189H300	1,416	45,111	SH		SOLE		45,111	0	0
VANGUARD INDEX FDS	Common	921932505	2,988	11,389	SH		SOLE		11,389	0	0
VANGUARD INDEX FDS	Common	921932703	1,911	13,395	SH		SOLE		13,395	0	0
ISHARES TR	Common	46432F859	352	6,867	SH		SOLE		6,867	0	0
ISHARES TR	Common	464288612	599	5,185	SH		SOLE		5,185	0	0
VANGUARD BD INDEX FD INC	Common	92206C771	9,542	178,790	SH		SOLE		178,790	0	0
ISHARES TR	Common	46435G672	1,133	20,568	SH		SOLE		20,568	0	0
Goldman Sachs	Common	381430503	179,888	2,090,997	SH		SOLE		2,090,997	0	0
Goldman Sachs	Common	381430107	80,978	2,318,285	SH		SOLE		2,318,285	0	0
Goldman Sachs	Common	381430206	16,045	393,174	SH		SOLE		393,174	0	0
ISHARES TR	Common	464288513	7,918	89,931	SH		SOLE		89,931	0	0
VANGUARD SCOTTSDALE FDS	Common	92206C813	4,350	40,673	SH		SOLE		40,673	0	0
ISHARES TR	Common	464289511	923	13,148	SH		SOLE		13,148	0	0
Vanguard	Common	922908595	2,424	8,366	SH		SOLE		8,366	0	0
Vanguard	Common	922908538	3,845	16,269	SH		SOLE		16,269	0	0
Vanguard	Common	922042742	570	5,501	SH		SOLE		5,501	0	0
iShares	Common	464287614	276	1,016	SH		SOLE		1,016	0	0
iShares	Common	464287648	324	1,041	SH		SOLE		1,041	0	0
iShares	Common	46434V407	5,089	110,481	SH		SOLE		110,481	0	0
Vanguard	Common	92206C409	5,120	61,901	SH		SOLE		61,901	0	0
Goldman Sachs	Common	381430529	80,525	804,364	SH		SOLE		804,364	0	0
iShares	Common	46429B655	5,531	108,828	SH		SOLE		108,828	0	0
iShares	Common	464286525	6,814	66,243	SH		SOLE		66,243	0	0
iShares	Common	46432F396	454	2,616	SH		SOLE		2,616	0	0
iShares	Common	46431W507	19,715	392,968	SH		SOLE		392,968	0	0
Vanguard	Common	92206C102	2,818	45,876	SH		SOLE		45,876	0	0
iShares	Common	464288158	1,728	16,022	SH		SOLE		16,022	0	0
Invesco	Common	46138E743	237	4,918	SH		SOLE		4,918	0	0
SPDR State Street Global Advisors	Common	78464A300	8,471	98,834	SH		SOLE		98,834	0	0
Van Eck	Common	92189F643	3,561	48,089	SH		SOLE		48,089	0	0
Vanguard	Common	921932869	850	4,237	SH		SOLE		4,237	0	0
iShares	Common	464288570	70,546	851,702	SH		SOLE		851,702	0	0
Van Eck	Common	92189F437	1,014	30,823	SH		SOLE		30,823	0	0
iShares	Common	464288802	27,478	287,606	SH		SOLE		287,606	0	0
iShares	Common	46434V464	114,856	691,863	SH		SOLE		691,863	0	0
iShares	Common	46434V647	296	10,679	SH		SOLE		10,679	0	0
SPDR State Street Global Advisors	Common	78464A508	14,904	376,945	SH		SOLE		376,945	0	0
SPDR State Street Global Advisors	Common	78463X509	8,554	188,008	SH		SOLE		188,008	0	0
SPDR State Street Global Advisors	Common	78468R747	2,655	26,133	SH		SOLE		26,133	0	0
iShares	Common	464286285	3,523	77,062	SH		SOLE		77,062	0	0
PIMCO	Common	72201R304	12,204	141,244	SH		SOLE		141,244	0	0
SPDR State Street Global Advisors	Common	78468R796	57,841	544,946	SH		SOLE		544,946	0	0
iShares	Common	46435G516	185,490	2,347,079	SH		SOLE		2,347,079	0	0
First Trust Exchange-Traded Fund VIII	Common	33740F805	922	17,198	SH		SOLE		17,198	0	0
iShares	Common	46431W705	939	9,752	SH		SOLE		9,752	0	0
iShares	Common	46434G863	58,230	1,289,694	SH		SOLE		1,289,694	0	0
Exchange Traded Concepts Trust	Common	301505889	1,490	23,527	SH		SOLE		23,527	0	0
SPDR State Street Global Advisors	Common	78470E106	24,469	292,937	SH		SOLE		292,937	0	0
iShares	Common	46435G326	9,919	147,057	SH		SOLE		147,057	0	0
Ark ETF Trust	Common	00214Q104	2,841	21,721	SH		SOLE		21,721	0	0
iShares	Common	46435G474	2,145	71,581	SH		SOLE		71,581	0	0
iShares	Common	46435G425	180,084	1,828,818	SH		SOLE		1,828,818	0	0
SPDR State Street Global Advisors	Common	78470E205	14,633	178,230	SH		SOLE		178,230	0	0
First Trust	Common	33734X853	2,158	31,554	SH		SOLE		31,554	0	0
Goldman Sachs	Common	381430602	26,957	414,594	SH		SOLE		414,594	0	0
Goldman Sachs	Common	381430479	15,662	285,593	SH		SOLE		285,593	0	0
Goldman Sachs	Common	381430453	3,703	73,641	SH		SOLE		73,641	0	0
XTRACKERS	Common	233051432	2,853	70,786	SH		SOLE		70,786	0	0
ISHARES	Common	46435U853	2,057	49,301	SH		SOLE		49,301	0	0
GraniteShares	Common	38747R108	3,012	106,136	SH		SOLE		106,136	0	0
SPDR State Street Global Advisors	Common	98149E204	2,599	147,605	SH		SOLE		147,605	0	0
JP Morgan	Common	46641Q837	167,174	3,294,709	SH		SOLE		3,294,709	0	0
Goldman Sachs	Common	381430362	2,825	48,896	SH		SOLE		48,896	0	0
iShares	Common	46435U549	9,214	166,563	SH		SOLE		166,563	0	0
Goldman Sachs	Common	38149W101	5,958	121,636	SH		SOLE		121,636	0	0
Impact Shares	Common	45259A209	2,615	79,821	SH		SOLE		79,821	0	0
iShares	Common	46435U440	27,181	496,548	SH		SOLE		496,548	0	0
Cambria Funds	Common	132061813	998	31,387	SH		SOLE		31,387	0	0
Dynamic Beta Investments	Common	56170L828	320	11,225	SH		SOLE		11,225	0	0
ISHARES	Common	46435G193	5,031	181,511	SH		SOLE		181,511	0	0
iShares	Common	46436E619	1,447	29,118	SH		SOLE		29,118	0	0
iShares	Common	46435G243	3,927	150,820	SH		SOLE		150,820	0	0
iShares	Common	46436E759	265	3,911	SH		SOLE		3,911	0	0
Vanguard	Common	921910725	20,116	313,571	SH		SOLE		313,571	0	0
iShares	Common	46436E767	273	7,508	SH		SOLE		7,508	0	0
Dimensional	Common	921910733	19,940	249,309	SH		SOLE		249,309	0	0
Dimensional	Common	25434V500	207	3,548	SH		SOLE		3,548	0	0
Dimensional	Common	25434V609	214	4,774	SH		SOLE		4,774	0	0
Dimensional	Common	25434V401	559	11,864	SH		SOLE		11,864	0	0
Dimensional	Common	25434V708	7,589	281,292	SH		SOLE		281,292	0	0