Instuitional Investor - Lfa - Lugano Financial Advisors Sa

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	43,792	$20,814,776	16.35%
2.	Ishares Tr		228,105	$5,584,010	4.38%
3.	Spdr Gold Trust	GLD	24,554	$4,693,988	3.68%
4.	Invesco Actvely Mngd Etc Fd		334,435	$4,447,986	3.49%
5.	First Trust Exchange-Traded Alphadex Fund		78,557	$4,229,509	3.32%