Instuitional Investor - Gray Wealth Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Specialized Funds		135,901	$23,157,542	11.27%
2.	Ishares Trust	IEF	31,007	$14,809,960	7.2%
3.	Vanguard Index Fds		44,274	$13,763,791	6.7%
4.	Vanguard Index Fds		38,895	$8,297,485	4.03%
5.	Vanguard Index Fds		33,748	$7,851,024	3.82%