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	243	2,337	SH		DFND	1,2	0	0	2,337
ADOBE INC COM	Stock	00724F101	1,271	2,287	SH		DFND	1,2	0	0	2,287
AFFILIATED MANAGERS GROUP INC COM	Stock	008252108	225	1,437	SH		DFND	1,2	0	0	1,437
AMAZON COM INC COM	Stock	023135106	822	4,254	SH		DFND	1,2	0	0	4,254
APARTMENT INVT & MGMT CO CL A	REIT	03748R747	990	119,369	SH		DFND	1,2	0	0	119,369
APPLE INC COM	Stock	037833100	1,730	8,216	SH		DFND	1,2	0	0	8,216
AUTOMATIC DATA PROCESSING INC COM	Stock	053015103	529	2,205	SH		DFND	1,2	0	0	2,205
BLACKROCK CORE BD TR SHS BEN INT	CEF	09249E101	340	31,964	SH		DFND	1,2	0	0	31,964
BLACKROCK INCOME TR INC COM NEW	CEF	09247F209	352	29,528	SH		DFND	1,2	0	0	29,528
BOEING CO COM	Stock	097023105	202	1,109	SH		DFND	1,2	0	0	1,109
CATERPILLAR INC COM	Stock	149123101	202	606	SH		DFND	1,2	0	0	606
D R HORTON INC COM	Stock	23331A109	692	4,907	SH		DFND	1,2	0	0	4,907
FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF	ETF	33740F888	13,040	533,334	SH		DFND	1,2	0	0	533,334
GOLDMAN SACHS GROUP INC COM	Stock	38141G104	1,214	2,683	SH		DFND	1,2	0	0	2,683
HOME DEPOT INC COM	Stock	437076102	250	727	SH		DFND	1,2	0	0	727
Impact Shares Affordable Housing MBS ETF	ETF	74741A106	867	51,512	SH		DFND	1,2	0	0	51,512
INTUIT COM	Stock	461202103	637	969	SH		DFND	1,2	0	0	969
INVESCO S&P SMALLCAP MOMENTUM ETF	ETF	46137V498	1,770	29,468	SH		DFND	1,2	0	0	29,468
INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	ETF	46137V480	1,571	30,000	SH		DFND	1,2	0	0	30,000
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	ETF	46435U853	7,457	205,529	SH		DFND	1,2	0	0	205,529
ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	ETF	464288620	1,562	31,105	SH		DFND	1,2	0	0	31,105
ISHARES COHEN & STEERS REIT ETF	ETF	464287564	526	9,185	SH		DFND	1,2	0	0	9,185
ISHARES CORE MSCI EMERGING MARKETS ETF	ETF	46434G103	1,406	26,257	SH		DFND	1,2	0	0	26,257
ISHARES CORE S&P 500 ETF	ETF	464287200	2,548	4,656	SH		DFND	1,2	0	0	4,656
ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	ETF	464287150	41,314	347,823	SH		DFND	1,2	0	0	347,823
ISHARES CORE U.S. AGGREGATE BOND ETF	ETF	464287226	1,502	15,469	SH		DFND	1,2	0	0	15,469
ISHARES EXPONENTIAL TECHNOLOGIES ETF	ETF	46434V381	207	3,511	SH		DFND	1,2	0	0	3,511
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	ETF	464288513	2,631	34,113	SH		DFND	1,2	0	0	34,113
ISHARES INTERNATIONAL EQUITY FACTOR ETF	ETF	46434V274	71,410	2,443,028	SH		DFND	1,2	0	0	2,443,028
ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	ETF	464288182	3,184	44,230	SH		DFND	1,2	0	0	44,230
ISHARES MSCI EAFE ETF	ETF	464287465	7,832	99,989	SH		DFND	1,2	0	0	99,989
ISHARES MSCI EAFE MIN VOL FACTOR ETF	ETF	46429B689	793	11,434	SH		DFND	1,2	0	0	11,434
ISHARES MSCI EMERGING MARKETS ASIA ETF	ETF	464286426	690	9,519	SH		DFND	1,2	0	0	9,519
ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF	ETF	464286533	252	4,410	SH		DFND	1,2	0	0	4,410
ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	ETF	46435G532	674	8,980	SH		DFND	1,2	0	0	8,980
ISHARES MSCI INTL QUALITY FACTOR ETF	ETF	46434V456	12,892	330,147	SH		DFND	1,2	0	0	330,147
ISHARES MSCI USA EQUAL WEIGHTED ETF	ETF	464286681	656	7,430	SH		DFND	1,2	0	0	7,430
ISHARES MSCI USA MIN VOL FACTOR ETF	ETF	46429B697	2,101	25,024	SH		DFND	1,2	0	0	25,024
ISHARES MSCI USA QUALITY FACTOR ETF	ETF	46432F339	274	1,607	SH		DFND	1,2	0	0	1,607
ISHARES NATIONAL MUNI BOND ETF	ETF	464288414	1,656	15,546	SH		DFND	1,2	0	0	15,546
ISHARES RUSSELL 1000 ETF	ETF	464287622	503	1,690	SH		DFND	1,2	0	0	1,690
ISHARES RUSSELL 1000 GROWTH ETF	ETF	464287614	6,466	17,739	SH		DFND	1,2	0	0	17,739
ISHARES RUSSELL 1000 VALUE ETF	ETF	464287598	4,293	24,609	SH		DFND	1,2	0	0	24,609
ISHARES RUSSELL 3000 ETF	ETF	464287689	3,130	10,140	SH		DFND	1,2	0	0	10,140
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	5,979	73,746	SH		DFND	1,2	0	0	73,746
ISHARES RUSSELL MID-CAP GROWTH ETF	ETF	464287481	3,852	34,903	SH		DFND	1,2	0	0	34,903
ISHARES S&P 500 GROWTH ETF	ETF	464287309	2,651	28,651	SH		DFND	1,2	0	0	28,651
ISHARES S&P 500 VALUE ETF	ETF	464287408	2,501	13,742	SH		DFND	1,2	0	0	13,742
ISHARES U.S. EQUITY FACTOR ETF	ETF	46434V282	112,999	2,029,070	SH		DFND	1,2	0	0	2,029,070
KRONOS WORLDWIDE INC COM	Stock	50105F105	367	29,245	SH		DFND	1,2	0	0	29,245
LAUDER ESTEE COS INC CL A	Stock	518439104	324	3,047	SH		DFND	1,2	0	0	3,047
MASTERCARD INCORPORATED CL A	Stock	57636Q104	2,396	5,431	SH		DFND	1,2	0	0	5,431
MFS INTER INCOME TR SH BEN INT	CEF	55273C107	355	133,535	SH		DFND	1,2	0	0	133,535
MICROSOFT CORP COM	Stock	594918104	2,492	5,576	SH		DFND	1,2	0	0	5,576
NETAPP INC COM	Stock	64110D104	562	4,360	SH		DFND	1,2	0	0	4,360
NUVEEN ESG EMERGING MARKETS EQUITY ETF	ETF	67092P888	1,029	35,892	SH		DFND	1,2	0	0	35,892
NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	ETF	67092P805	684	21,979	SH		DFND	1,2	0	0	21,979
NUVEEN ESG LARGE-CAP ETF	ETF	67092P862	2,704	61,688	SH		DFND	1,2	0	0	61,688
SCHWAB U.S. BROAD MARKET ETF	ETF	808524102	1,742	27,615	SH		DFND	1,2	0	0	27,615
SPDR GOLD SHARES	ETF	78463V107	1,317	6,127	SH		DFND	1,2	0	0	6,127
SPDR MSCI USA STRATEGICFACTORS ETF	ETF	78468R812	106,886	724,903	SH		DFND	1,2	0	0	724,903
SPDR PORTFOLIO AGGREGATE BOND ETF	ETF	78464A649	255	10,180	SH		DFND	1,2	0	0	10,180
SPDR S&P 500 ETF TRUST	ETF	78462F103	16,342	30,029	SH		DFND	1,2	0	0	30,029
SPDR S&P GLOBAL NATURAL RESOURCES ETF	ETF	78463X541	702	12,566	SH		DFND	1,2	0	0	12,566
STARBUCKS CORP COM	Stock	855244109	254	3,258	SH		DFND	1,2	0	0	3,258
TCW TRANSFORM 500 ETF	ETF	29287L106	763	12,000	SH		DFND	1,2	0	0	12,000
TECHNOLOGY SELECT SECTOR SPDR FUND	ETF	81369Y803	533	2,356	SH		DFND	1,2	0	0	2,356
UNITEDHEALTH GROUP INC COM	Stock	91324P102	1,535	3,014	SH		DFND	1,2	0	0	3,014
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	Stock	90290N109	732	30,837	SH		DFND	1,2	0	0	30,837
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	ETF	922042775	21,489	366,460	SH		DFND	1,2	0	0	366,460
VANGUARD FTSE EUROPE ETF	ETF	922042874	1,642	24,592	SH		DFND	1,2	0	0	24,592
VANGUARD FTSE PACIFIC ETF	ETF	922042866	759	10,232	SH		DFND	1,2	0	0	10,232
VANGUARD GROWTH ETF	ETF	922908736	264	705	SH		DFND	1,2	0	0	705
VANGUARD MID-CAP ETF	ETF	922908629	244	1,004	SH		DFND	1,2	0	0	1,004
VANGUARD MORTGAGE-BACKED SECURITIES ETF	ETF	92206C771	723	15,915	SH		DFND	1,2	0	0	15,915
VANGUARD RUSSELL 3000 ETF	ETF	92206C599	4,015	16,701	SH		DFND	1,2	0	0	16,701
VANGUARD S&P 500 ETF	ETF	922908363	1,258	2,507	SH		DFND	1,2	0	0	2,507
VANGUARD SHORT-TERM TREASURY ETF	ETF	92206C102	937	16,164	SH		DFND	1,2	0	0	16,164
VANGUARD SMALL-CAP ETF	ETF	922908751	385	1,761	SH		DFND	1,2	0	0	1,761
VANGUARD TOTAL INTERNATIONAL STOCK ETF	ETF	921909768	1,143	18,963	SH		DFND	1,2	0	0	18,963
VISA INC COM CL A	Stock	92826C839	1,303	4,963	SH		DFND	1,2	0	0	4,963