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
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 LABS COM	Stock	002824100	240	2,182	SH		DFND	1,2	0	0	2,182
ADOBE INC COM	Stock	00724F101	1,375	2,304	SH		DFND	1,2	0	0	2,304
AFFILIATED MANAGERS GROUP INC COM	Stock	008252108	200	1,319	SH		DFND	1,2	0	0	1,319
AMAZON COM INC COM	Stock	023135106	648	4,263	SH		DFND	1,2	0	0	4,263
APARTMENT INVT & MGMT CO CL A	REIT	03748R747	698	89,185	SH		DFND	1,2	0	0	89,185
APPLE INC COM	Stock	037833100	2,106	10,937	SH		DFND	1,2	0	0	10,937
AUTOMATIC DATA PROCESSING INC COM	Stock	053015103	517	2,205	SH		DFND	1,2	0	0	2,205
BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	084670702	522	1,464	SH		DFND	1,2	0	0	1,464
BLACKROCK CORE BD TR SHS BEN INT	CEF	09249E101	359	32,940	SH		DFND	1,2	0	0	32,940
BLACKROCK INCOME TR INC COM NEW	CEF	09247F209	362	29,756	SH		DFND	1,2	0	0	29,756
BOEING CO COM	Stock	097023105	306	1,175	SH		DFND	1,2	0	0	1,175
CATERPILLAR INC COM	Stock	149123101	710	2,400	SH		DFND	1,2	0	0	2,400
D R HORTON INC COM	Stock	23331A109	745	4,901	SH		DFND	1,2	0	0	4,901
EMERSON ELEC CO COM	Stock	291011104	200	2,052	SH		DFND	1,2	0	0	2,052
FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF	ETF	33740F888	33,585	1,357,527	SH		DFND	1,2	0	0	1,357,527
GOLDMAN SACHS GROUP INC COM	Stock	38141G104	1,035	2,683	SH		DFND	1,2	0	0	2,683
Impact Shares Affordable Housing MBS ETF	ETF	45259R103	595	34,512	SH		DFND	1,2	0	0	34,512
INTEL CORP COM	Stock	458140100	201	4,003	SH		DFND	1,2	0	0	4,003
INTUIT COM	Stock	461202103	606	969	SH		DFND	1,2	0	0	969
INVESCO S&P SMALLCAP MOMENTUM ETF	ETF	46137V498	1,670	29,468	SH		DFND	1,2	0	0	29,468
INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	ETF	46137V480	1,625	30,000	SH		DFND	1,2	0	0	30,000
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	ETF	46435U853	9,669	265,984	SH		DFND	1,2	0	0	265,984
ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	ETF	464288620	3,184	62,113	SH		DFND	1,2	0	0	62,113
ISHARES COHEN & STEERS REIT ETF	ETF	464287564	552	9,406	SH		DFND	1,2	0	0	9,406
ISHARES CORE MSCI EMERGING MARKETS ETF	ETF	46434G103	1,332	26,339	SH		DFND	1,2	0	0	26,339
ISHARES CORE S&P 500 ETF	ETF	464287200	2,224	4,656	SH		DFND	1,2	0	0	4,656
ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	ETF	464287150	33,601	319,314	SH		DFND	1,2	0	0	319,314
ISHARES CORE U.S. AGGREGATE BOND ETF	ETF	464287226	1,410	14,212	SH		DFND	1,2	0	0	14,212
ISHARES EXPONENTIAL TECHNOLOGIES ETF	ETF	46434V381	210	3,511	SH		DFND	1,2	0	0	3,511
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	ETF	464288513	1,316	16,999	SH		DFND	1,2	0	0	16,999
ISHARES INTERNATIONAL EQUITY FACTOR ETF	ETF	46434V274	68,301	2,436,714	SH		DFND	1,2	0	0	2,436,714
ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	ETF	464288182	3,036	45,599	SH		DFND	1,2	0	0	45,599
ISHARES MSCI EAFE ETF	ETF	464287465	7,695	102,121	SH		DFND	1,2	0	0	102,121
ISHARES MSCI EAFE MIN VOL FACTOR ETF	ETF	46429B689	947	13,653	SH		DFND	1,2	0	0	13,653
ISHARES MSCI EMERGING MARKETS ASIA ETF	ETF	464286426	1,443	21,830	SH		DFND	1,2	0	0	21,830
ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF	ETF	464286533	308	5,548	SH		DFND	1,2	0	0	5,548
ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	ETF	46435G532	728	8,980	SH		DFND	1,2	0	0	8,980
ISHARES MSCI INTL QUALITY FACTOR ETF	ETF	46434V456	12,663	337,142	SH		DFND	1,2	0	0	337,142
ISHARES MSCI USA MIN VOL FACTOR ETF	ETF	46429B697	2,130	27,299	SH		DFND	1,2	0	0	27,299
ISHARES MSCI USA QUALITY FACTOR ETF	ETF	46432F339	243	1,648	SH		DFND	1,2	0	0	1,648
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	1,703	15,707	SH		DFND	1,2	0	0	15,707
ISHARES RUSSELL 1000 ETF	ETF	464287622	443	1,690	SH		DFND	1,2	0	0	1,690
ISHARES RUSSELL 1000 GROWTH ETF	ETF	464287614	5,613	18,516	SH		DFND	1,2	0	0	18,516
ISHARES RUSSELL 1000 VALUE ETF	ETF	464287598	4,190	25,359	SH		DFND	1,2	0	0	25,359
ISHARES RUSSELL 3000 ETF	ETF	464287689	2,776	10,140	SH		DFND	1,2	0	0	10,140
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	5,832	75,024	SH		DFND	1,2	0	0	75,024
ISHARES RUSSELL MID-CAP GROWTH ETF	ETF	464287481	4,581	43,850	SH		DFND	1,2	0	0	43,850
ISHARES S&P 500 GROWTH ETF	ETF	464287309	2,152	28,651	SH		DFND	1,2	0	0	28,651
ISHARES S&P 500 VALUE ETF	ETF	464287408	2,390	13,742	SH		DFND	1,2	0	0	13,742
ISHARES U.S. EQUITY FACTOR ETF	ETF	46434V282	90,649	1,877,176	SH		DFND	1,2	0	0	1,877,176
KRONOS WORLDWIDE INC COM	Stock	50105F105	275	27,695	SH		DFND	1,2	0	0	27,695
LAUDER ESTEE COS INC CL A	Stock	518439104	446	3,047	SH		DFND	1,2	0	0	3,047
MASTERCARD INCORPORATED CL A	Stock	57636Q104	2,546	5,970	SH		DFND	1,2	0	0	5,970
MFS INTER INCOME TR SH BEN INT	CEF	55273C107	351	130,836	SH		DFND	1,2	0	0	130,836
MICROSOFT CORP COM	Stock	594918104	2,061	5,480	SH		DFND	1,2	0	0	5,480
NETAPP INC COM	Stock	64110D104	378	4,282	SH		DFND	1,2	0	0	4,282
NUVEEN ESG EMERGING MARKETS EQUITY ETF	ETF	67092P888	967	35,892	SH		DFND	1,2	0	0	35,892
NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	ETF	67092P805	397	13,479	SH		DFND	1,2	0	0	13,479
NUVEEN ESG LARGE-CAP ETF	ETF	67092P862	1,663	42,688	SH		DFND	1,2	0	0	42,688
QUANTUM COMPUTING INC COM	Stock	74766W108	15	16,000	SH		DFND	1,2	0	0	16,000
SCHWAB U.S. BROAD MARKET ETF	ETF	808524102	1,537	27,615	SH		DFND	1,2	0	0	27,615
SPDR GOLD SHARES	ETF	78463V107	1,171	6,127	SH		DFND	1,2	0	0	6,127
SPDR MSCI USA STRATEGICFACTORS ETF	ETF	78468R812	103,707	784,951	SH		DFND	1,2	0	0	784,951
SPDR PORTFOLIO AGGREGATE BOND ETF	ETF	78464A649	418	16,321	SH		DFND	1,2	0	0	16,321
SPDR S&P 500 ETF TRUST	ETF	78462F103	14,755	30,918	SH		DFND	1,2	0	0	30,918
SPDR S&P GLOBAL NATURAL RESOURCES ETF	ETF	78463X541	712	12,566	SH		DFND	1,2	0	0	12,566
STARBUCKS CORP COM	Stock	855244109	313	3,257	SH		DFND	1,2	0	0	3,257
SYSCO CORP COM	Stock	871829107	578	7,908	SH		DFND	1,2	0	0	7,908
TECHNOLOGY SELECT SECTOR SPDR FUND	ETF	81369Y803	453	2,356	SH		DFND	1,2	0	0	2,356
UNITEDHEALTH GROUP INC COM	Stock	91324P102	1,600	3,040	SH		DFND	1,2	0	0	3,040
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	Stock	90290N109	704	30,837	SH		DFND	1,2	0	0	30,837
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	ETF	922042775	18,050	321,516	SH		DFND	1,2	0	0	321,516
VANGUARD FTSE EUROPE ETF	ETF	922042874	1,616	25,057	SH		DFND	1,2	0	0	25,057
VANGUARD FTSE PACIFIC ETF	ETF	922042866	1,488	20,665	SH		DFND	1,2	0	0	20,665
VANGUARD GROWTH ETF	ETF	922908736	219	705	SH		DFND	1,2	0	0	705
VANGUARD MID-CAP ETF	ETF	922908629	254	1,091	SH		DFND	1,2	0	0	1,091
VANGUARD RUSSELL 3000 ETF	ETF	92206C599	3,554	16,701	SH		DFND	1,2	0	0	16,701
VANGUARD S&P 500 ETF	ETF	922908363	1,212	2,775	SH		DFND	1,2	0	0	2,775
VANGUARD SHORT-TERM TREASURY ETF	ETF	92206C102	943	16,164	SH		DFND	1,2	0	0	16,164
VANGUARD SMALL-CAP ETF	ETF	922908751	376	1,761	SH		DFND	1,2	0	0	1,761
VANGUARD TOTAL INTERNATIONAL STOCK ETF	ETF	921909768	1,132	19,534	SH		DFND	1,2	0	0	19,534
VISA INC COM CL A	Stock	92826C839	1,811	6,956	SH		DFND	1,2	0	0	6,956
VISTA GOLD CORP COM NEW	Stock	927926303	5	10,000	SH		DFND	1,2	0	0	10,000