Instuitional Investor - Nissay Asset Management Corp Pan/ V

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		3,626,727	$860,332,179	6.91%
2.	Sector Spdr Trust	XLB	5,740,591	$782,901,801	6.29%
3.	Spdr S & P 500 Etf Trust	SPY	1,183,601	$562,577,391	4.52%
4.	Microsoft Corp	MSFT	1,431,806	$538,416,328	4.33%
5.	Dbx Etf Tr		6,152,994	$525,957,927	4.22%