Instuitional Investor - Capital Directions Investment Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust		1,212,962	$61,460,773	22.93%
2.	Ishares Trust	IEF	144,222	$25,146,506	9.38%
3.	Spdr Series Trust		309,403	$22,351,298	8.34%
4.	Ishares S&P National Muni Bond		198,130	$20,906,678	7.8%
5.	Ishares Trust	IEF	302,999	$20,694,832	7.72%