Instuitional Investor - Db Fitzpatrick & Co, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	380,417	$36,862,407	33.88%
2.	Vanguard Scottsdale Funds		14,132	$3,670,646	3.37%
3.	Vanguard S&P 500 Etf		5,386	$2,902,031	2.66%
4.	Republic Services Inc.	RSG	13,676	$2,751,338	2.52%
5.	Ishares Mbs Etf		24,729	$2,267,155	2.08%