diff --git a/src/leveled_bookie.erl b/src/leveled_bookie.erl
index 81a5a36..f56ce38 100644
--- a/src/leveled_bookie.erl
+++ b/src/leveled_bookie.erl
@@ -69,7 +69,8 @@
             empty_ledgercache/0,
             loadqueue_ledgercache/1,
             push_ledgercache/2,
-            snapshot_store/5]).  
+            snapshot_store/5,
+            fetch_value/2]).  
 
 -include_lib("eunit/include/eunit.hrl").
 
@@ -447,7 +448,7 @@ handle_call({get, Bucket, Key, Tag}, _From, State) ->
                     {reply, not_found, State};
                 {active, TS} ->
                     Active = TS >= leveled_codec:integer_now(),
-                    Object = fetch_value(LedgerKey, Seqn, State#state.inker),
+                    Object = fetch_value(State#state.inker, {LedgerKey, Seqn}),
                     GT1 = leveled_log:get_timing(GT0, SWg, fetch),
                     case {Active, Object} of
                         {_, not_present} ->
@@ -531,6 +532,10 @@ handle_call({return_folder, FolderType}, _From, State) ->
             {reply,
                 hashtree_query(State, Tag, JournalCheck),
                 State};
+        {foldheads_allkeys, Tag, FoldHeadsFun} ->
+            {reply,
+                foldheads_allkeys(State, Tag, FoldHeadsFun),
+                State};
         {foldobjects_allkeys, Tag, FoldObjectsFun} ->
             {reply,
                 foldobjects_allkeys(State, Tag, FoldObjectsFun),
@@ -656,6 +661,16 @@ snapshot_store(State, SnapType, Query) ->
                     SnapType,
                     Query).
 
+fetch_value(Inker, {Key, SQN}) ->
+    SW = os:timestamp(),
+    case leveled_inker:ink_fetch(Inker, Key, SQN) of
+        {ok, Value} ->
+            maybe_longrunning(SW, inker_fetch),
+            Value;
+        not_present ->
+            not_present
+    end.
+
 
 %%%============================================================================
 %%% Internal functions
@@ -803,21 +818,28 @@ hashtree_query(State, Tag, JournalCheck) ->
 foldobjects_allkeys(State, Tag, FoldObjectsFun) ->
     StartKey = leveled_codec:to_ledgerkey(null, null, Tag),
     EndKey = leveled_codec:to_ledgerkey(null, null, Tag),
-    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun).
+    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun, false).
+
+foldheads_allkeys(State, Tag, FoldHeadsFun) ->
+    StartKey = leveled_codec:to_ledgerkey(null, null, Tag),
+    EndKey = leveled_codec:to_ledgerkey(null, null, Tag),
+    foldobjects(State, Tag, StartKey, EndKey, FoldHeadsFun, true).
 
 foldobjects_bybucket(State, Tag, Bucket, FoldObjectsFun) ->
     StartKey = leveled_codec:to_ledgerkey(Bucket, null, Tag),
     EndKey = leveled_codec:to_ledgerkey(Bucket, null, Tag),
-    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun).
+    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun, false).
 
-foldobjects_byindex(State, Tag, Bucket, Field, FromTerm, ToTerm, FoldObjectsFun) ->
-    StartKey = leveled_codec:to_ledgerkey(Bucket, null, ?IDX_TAG, Field,
-                                            FromTerm),
-    EndKey =  leveled_codec:to_ledgerkey(Bucket, null, ?IDX_TAG, Field,
-                                            ToTerm),
-    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun).
+foldobjects_byindex(State, Tag, Bucket,
+                        Field, FromTerm, ToTerm, FoldObjectsFun) ->
+    StartKey =
+        leveled_codec:to_ledgerkey(Bucket, null, ?IDX_TAG, Field, FromTerm),
+    EndKey =
+        leveled_codec:to_ledgerkey(Bucket, null, ?IDX_TAG, Field, ToTerm),
+    foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun, false).
 
-foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun) ->
+
+foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun, DeferredFetch) ->
     {ok, LedgerSnapshot, JournalSnapshot} = snapshot_store(State, store),
     {FoldFun, InitAcc} = case is_tuple(FoldObjectsFun) of
                                 true ->
@@ -826,7 +848,10 @@ foldobjects(State, Tag, StartKey, EndKey, FoldObjectsFun) ->
                                     {FoldObjectsFun, []}
                             end,
     Folder = fun() ->
-                AccFun = accumulate_objects(FoldFun, JournalSnapshot, Tag),
+                AccFun = accumulate_objects(FoldFun,
+                                            JournalSnapshot,
+                                            Tag,
+                                            DeferredFetch),
                 Acc = leveled_penciller:pcl_fetchkeys(LedgerSnapshot,
                                                         StartKey,
                                                         EndKey,
@@ -943,8 +968,8 @@ set_options(Opts) ->
     
     JournalFP = RootPath ++ "/" ++ ?JOURNAL_FP,
     LedgerFP = RootPath ++ "/" ++ ?LEDGER_FP,
-    ok =filelib:ensure_dir(JournalFP),
-    ok =filelib:ensure_dir(LedgerFP),
+    ok = filelib:ensure_dir(JournalFP),
+    ok = filelib:ensure_dir(LedgerFP),
     
     {#inker_options{root_path = JournalFP,
                         reload_strategy = ReloadStrategy,
@@ -993,16 +1018,6 @@ fetch_head(Key, Penciller, LedgerCache) ->
             end
     end.
 
-fetch_value(Key, SQN, Inker) ->
-    SW = os:timestamp(),
-    case leveled_inker:ink_fetch(Inker, Key, SQN) of
-        {ok, Value} ->
-            maybe_longrunning(SW, inker_fetch),
-            Value;
-        not_present ->
-            not_present
-    end.
-
 
 accumulate_size() ->
     Now = leveled_codec:integer_now(),
@@ -1041,28 +1056,47 @@ accumulate_hashes(JournalCheck, InkerClone) ->
                 end,
     AccFun.
 
-accumulate_objects(FoldObjectsFun, InkerClone, Tag) ->
+
+accumulate_objects(FoldObjectsFun, InkerClone, Tag, DeferredFetch) ->
     Now = leveled_codec:integer_now(),
-    AccFun  = fun(LK, V, Acc) ->
-                    case leveled_codec:is_active(LK, V, Now) of
+    AccFun  =
+        fun(LK, V, Acc) ->
+            case leveled_codec:is_active(LK, V, Now) of
+                true ->
+                    {SQN, _St, _MH, MD} =
+                        leveled_codec:striphead_to_details(V),
+                    {B, K} =
+                        case leveled_codec:from_ledgerkey(LK) of
+                            {B0, K0} ->
+                                {B0, K0};
+                            {B0, K0, _T0} ->
+                                {B0, K0}
+                        end,
+                    JK = {leveled_codec:to_ledgerkey(B, K, Tag), SQN},
+                    case DeferredFetch of
                         true ->
-                            SQN = leveled_codec:strip_to_seqonly({LK, V}),
-                            {B, K} = case leveled_codec:from_ledgerkey(LK) of
-                                            {B0, K0} -> {B0, K0};
-                                            {B0, K0, _T0} -> {B0, K0}
-                                        end,
-                            QK = leveled_codec:to_ledgerkey(B, K, Tag),
-                            R = leveled_inker:ink_fetch(InkerClone, QK, SQN),
-                            case R of
-                                {ok, Value} ->
-                                    FoldObjectsFun(B, K, Value, Acc);
-                                not_present ->
-                                    Acc
-                            end;
+                            Size = leveled_codec:get_size(LK, V),
+                            MDBin =
+                                leveled_codec:build_metadata_object(LK, MD),
+                            Value = {proxy_object,
+                                        MDBin,
+                                        Size,
+                                        {fun fetch_value/2, InkerClone, JK}},
+                            FoldObjectsFun(B, K, Value, Acc);
                         false ->
-                            Acc
-                    end
-                end,
+                            R = fetch_value(InkerClone, JK),
+                            case R of
+                                not_present ->
+                                    Acc;
+                                Value ->
+                                    FoldObjectsFun(B, K, Value, Acc)
+                                
+                            end
+                    end;
+                false ->
+                    Acc
+            end
+        end,
     AccFun.