Tolleson Wealth Management 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
AMAZON COM INC COM	Stock	023135106	409	3,960	SH		DFND	1,2	0	0	3,960
TECHNOLOGY SELECT SECTOR SPDR FUND	ETF	81369Y803	356	2,356	SH		DFND	1,2	0	0	2,356
STARBUCKS CORP COM	Stock	855244109	333	3,201	SH		DFND	1,2	0	0	3,201
SPDR PORTFOLIO AGGREGATE BOND ETF	ETF	78464A649	263	10,180	SH		DFND	1,2	0	0	10,180
ISHARES U.S. EQUITY FACTOR ETF	ETF	46434V282	51,660	1,246,627	SH		DFND	1,2	0	0	1,246,627
GOLDMAN SACHS GROUP INC COM	Stock	38141G104	878	2,683	SH		DFND	1,2	0	0	2,683
REATA PHARMACEUTICALS INC CL A	Stock	75615P103	3,660	40,250	SH		DFND	1,2	0	0	40,250
ISHARES INTERNATIONAL EQUITY FACTOR ETF	ETF	46434V274	53,039	2,002,223	SH		DFND	1,2	0	0	2,002,223
SPDR MSCI USA STRATEGICFACTORS ETF	ETF	78468R812	99,010	854,052	SH		DFND	1,2	0	0	854,052
LAUDER ESTEE COS INC CL A	Stock	518439104	751	3,047	SH		DFND	1,2	0	0	3,047
ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	ETF	46435G532	1,454	18,367	SH		DFND	1,2	0	0	18,367
SPDR S&P 500 ETF TRUST	ETF	78462F103	13,986	34,163	SH		DFND	1,2	0	0	34,163
MASTERCARD INCORPORATED CL A	Stock	57636Q104	2,367	6,513	SH		DFND	1,2	0	0	6,513
ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	ETF	464288182	3,211	47,310	SH		DFND	1,2	0	0	47,310
ISHARES COHEN & STEERS REIT ETF	ETF	464287564	522	9,406	SH		DFND	1,2	0	0	9,406
NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	ETF	67092P805	680	24,179	SH		DFND	1,2	0	0	24,179
AUTOMATIC DATA PROCESSING INC COM	Stock	053015103	494	2,205	SH		DFND	1,2	0	0	2,205
NUVEEN ESG EMERGING MARKETS EQUITY ETF	ETF	67092P888	513	19,090	SH		DFND	1,2	0	0	19,090
SPDR GOLD SHARES	ETF	78463V107	1,123	6,127	SH		DFND	1,2	0	0	6,127
ISHARES RUSSELL 1000 GROWTH ETF	ETF	464287614	5,185	21,220	SH		DFND	1,2	0	0	21,220
SCHWAB U.S. BROAD MARKET ETF	ETF	808524102	1,694	35,400	SH		DFND	1,2	0	0	35,400
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	ETF	46435U853	7,670	215,761	SH		DFND	1,2	0	0	215,761
ADOBE SYSTEMS INCORPORATED COM	Stock	00724F101	871	2,259	SH		DFND	1,2	0	0	2,259
INTUIT COM	Stock	461202103	432	969	SH		DFND	1,2	0	0	969
MICROSOFT CORP COM	Stock	594918104	1,504	5,218	SH		DFND	1,2	0	0	5,218
FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF	ETF	33740F888	6,208	256,409	SH		DFND	1,2	0	0	256,409
BOEING CO COM	Stock	097023105	228	1,075	SH		DFND	1,2	0	0	1,075
VANGUARD SMALL-CAP ETF	ETF	922908751	334	1,761	SH		DFND	1,2	0	0	1,761
VANGUARD MID-CAP ETF	ETF	922908629	246	1,164	SH		DFND	1,2	0	0	1,164
VANGUARD SHORT-TERM TREASURY ETF	ETF	92206C102	946	16,164	SH		DFND	1,2	0	0	16,164
VANGUARD FTSE EUROPE ETF	ETF	922042874	1,654	27,136	SH		DFND	1,2	0	0	27,136
VANGUARD S&P 500 ETF	ETF	922908363	1,018	2,707	SH		DFND	1,2	0	0	2,707
VANGUARD TOTAL INTERNATIONAL STOCK ETF	ETF	921909768	1,306	23,664	SH		DFND	1,2	0	0	23,664
SYSCO CORP COM	Stock	871829107	611	7,908	SH		DFND	1,2	0	0	7,908
INVESCO S&P SMALLCAP MOMENTUM ETF	ETF	46137V498	1,365	29,468	SH		DFND	1,2	0	0	29,468
ISHARES RUSSELL MID-CAP GROWTH ETF	ETF	464287481	13,568	149,019	SH		DFND	1,2	0	0	149,019
VANGUARD FTSE PACIFIC ETF	ETF	922042866	5,211	76,829	SH		DFND	1,2	0	0	76,829
KRONOS WORLDWIDE INC COM	Stock	50105F105	233	25,245	SH		DFND	1,2	0	0	25,245
ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF	ETF	464286533	459	8,404	SH		DFND	1,2	0	0	8,404
NUVEEN ESG LARGE-CAP ETF	ETF	67092P862	1,445	42,238	SH		DFND	1,2	0	0	42,238
VISA INC COM CL A	Stock	92826C839	1,763	7,821	SH		DFND	1,2	0	0	7,821
ISHARES MSCI EAFE MIN VOL FACTOR ETF	ETF	46429B689	1,647	24,340	SH		DFND	1,2	0	0	24,340
Impact Shares Affordable Housing MBS ETF	ETF	45259R103	583	33,612	SH		DFND	1,2	0	0	33,612
ISHARES MSCI USA MIN VOL FACTOR ETF	ETF	46429B697	3,711	51,011	SH		DFND	1,2	0	0	51,011
VANGUARD GROWTH ETF	ETF	922908736	207	830	SH		DFND	1,2	0	0	830
PHILLIPS 66 COM	Stock	718546104	347	3,425	SH		DFND	1,2	0	0	3,425
ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	ETF	464287150	17,950	198,228	SH		DFND	1,2	0	0	198,228
VANGUARD RUSSELL 3000 ETF	ETF	92206C599	3,061	16,701	SH		DFND	1,2	0	0	16,701
D R HORTON INC COM	Stock	23331A109	479	4,901	SH		DFND	1,2	0	0	4,901
INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	ETF	46137V480	1,366	30,000	SH		DFND	1,2	0	0	30,000
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	Stock	90290N109	652	30,837	SH		DFND	1,2	0	0	30,837
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	ETF	922042775	10,624	198,686	SH		DFND	1,2	0	0	198,686
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	5,614	80,290	SH		DFND	1,2	0	0	80,290
ISHARES MSCI EMERGING MARKETS ASIA ETF	ETF	464286426	4,624	69,591	SH		DFND	1,2	0	0	69,591
ISHARES MSCI USA QUALITY FACTOR ETF	ETF	46432F339	589	4,748	SH		DFND	1,2	0	0	4,748
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	ETF	464288513	1,130	14,958	SH		DFND	1,2	0	0	14,958
ISHARES S&P 500 VALUE ETF	ETF	464287408	2,085	13,742	SH		DFND	1,2	0	0	13,742
ISHARES S&P 500 GROWTH ETF	ETF	464287309	1,831	28,651	SH		DFND	1,2	0	0	28,651
ISHARES CORE S&P 500 ETF	ETF	464287200	1,914	4,656	SH		DFND	1,2	0	0	4,656
SALESFORCE INC COM	Stock	79466L302	425	2,129	SH		DFND	1,2	0	0	2,129
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	1,544	14,335	SH		DFND	1,2	0	0	14,335
CONOCOPHILLIPS COM	Stock	20825C104	540	5,415	SH		DFND	1,2	0	0	5,415
CATERPILLAR INC COM	Stock	149123101	503	2,200	SH		DFND	1,2	0	0	2,200
ISHARES CORE U.S. AGGREGATE BOND ETF	ETF	464287226	1,577	15,823	SH		DFND	1,2	0	0	15,823
ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	ETF	464288620	4,644	91,661	SH		DFND	1,2	0	0	91,661
ISHARES RUSSELL 3000 ETF	ETF	464287689	2,526	10,732	SH		DFND	1,2	0	0	10,732
UNITEDHEALTH GROUP INC COM	Stock	91324P102	1,390	2,942	SH		DFND	1,2	0	0	2,942
ISHARES MSCI INTL QUALITY FACTOR ETF	ETF	46434V456	12,303	348,534	SH		DFND	1,2	0	0	348,534
ISHARES MSCI EAFE ETF	ETF	464287465	7,957	111,256	SH		DFND	1,2	0	0	111,256
APPLE INC COM	Stock	037833100	1,265	7,670	SH		DFND	1,2	0	0	7,670
ABBOTT LABS COM	Stock	002824100	219	2,159	SH		DFND	1,2	0	0	2,159
ISHARES RUSSELL 1000 ETF	ETF	464287622	381	1,690	SH		DFND	1,2	0	0	1,690
ISHARES RUSSELL 1000 VALUE ETF	ETF	464287598	4,405	28,932	SH		DFND	1,2	0	0	28,932