Instuitional Investor - Industrial Alliance Investment Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	109,312	$51,957	24.09%
2.	Invesco Qqq Trust Series 1		99,043	$40,560	18.8%
3.	Vanguard Intl Equity Index Funds	VWO	379,033	$21,279	9.86%
4.	Vanguard Real Estate Etf		94,190	$8,323	3.85%
5.	Microsoft Corp	MSFT	18,595	$6,992	3.24%