Instuitional Investor - Hanover Advisors Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		207,558	$60,152,384	25.23%
2.	Spdr S & P 500 Etf Trust	SPY	64,295	$37,681,867	15.81%
3.	Spdr Ser Tr		334,535	$30,586,533	12.83%
4.	Vanguard Specialized Funds		89,887	$17,602,556	7.38%
5.	Ishares Trust	IEF	41,921	$14,011,942	5.87%