Instuitional Investor - Michael S. Ryan, Inc.

Filing Period:
No. Security Ticker Shares Value % Port
1.
Spdr Series Trust
376,886 $17,574,215 14.57%
2.
Spdr Series Trust
156,949 $13,075,406 10.84%
3.
Spdr Series Trust
167,042 $12,257,527 10.16%
4.
Vanguard Tax-Managed Fds
218,489 $10,465,623 8.68%
5.
Spdr Series Trust
147,330 $8,235,746 6.83%