Instuitional Investor - Gradient Capital Advisors, Llc

Filing Period:
No. Security Ticker Shares Value % Port
1. IEF 55,160 $26,346,304 10.03%
2. AAPL 94,570 $18,207,590 6.93%
3. FNDF 266,549 $9,851,647 3.75%
4.
Spdr Portfolio Developed World Ex-Us Etf
287,961 $9,793,554 3.72%
5. FNDF 100,451 $7,565,969 2.88%