Instuitional Investor - Mendel Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	87,148	$16,774,299	12.05%
2.	Ishares Trust	IEF	110,286	$13,537,645	9.72%
3.	Schwab Strategic Trust	FNDF	171,843	$13,082,416	9.39%
4.	Vanguard Specialized Funds		61,784	$10,528,013	7.56%
5.	Vanguard Index Fds		13,212	$5,771,065	4.14%