Instuitional Investor - Appropriate Balance Financial Services Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	12,098	$467,855,000	23.24%
2.	Ishares Trust	IEF	17,846	$240,454,000	11.94%
3.	Powershares Qqq Trust	QQQQ	29,211	$200,834,000	9.97%
4.	Vanguard Tax Managed Intl Fd		7,356	$169,456,000	8.41%
5.	Sector Spdr Trust	XLB	11,711	$164,949,000	8.19%