Instuitional Investor - Confluence Wealth Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	55,201	$16,478,000	8.07%
2.	Vanguard Charlotte Fds		234,329	$13,786,000	6.75%
3.	Ishares Trust	IEF	186,022	$12,130,000	5.94%
4.	Spdr S & P Midcap 400 Etf Trust	MDY	33,593	$11,841,000	5.79%
5.	Flexshares Trust		226,604	$10,297,000	5.04%