Instuitional Investor - Conservest Capital Advisors, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	241,176	$164,467,229	14.83%
2.	Sector Spdr Trust	XLB	921,467	$132,663,625	11.97%
3.	Spdr S & P Midcap 400 Etf Trust	MDY	214,319	$129,298,281	11.66%
4.	Sector Spdr Trust	XLB	477,221	$73,873,829	6.66%
5.	J P Morgan Exchange Traded F		876,883	$65,660,998	5.92%