Instuitional Investor - Mendel Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	79,040	$18,378,424	11.14%
2.	Ishares Trust	IEF	95,392	$15,216,873	9.22%
3.	Schwab Strategic Trust	FNDF	500,727	$13,679,864	8.29%
4.	Vanguard Specialized Funds - DIV APP ETF		61,019	$11,949,434	7.24%
5.	Vanguard Index Fds - S&P 500 ETF SHS		20,191	$10,879,070	6.59%