Instuitional Investor - Noven Financial Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	203,483	$24,719,000	20.15%
2.	Ishares		174,778	$23,305,000	19%
3.	Ishares Trust	IEF	94,176	$14,188,000	11.57%
4.	Ishares Trust	IEF	188,854	$12,104,000	9.87%
5.	Vangaurd Index Fds		37,240	$5,835,000	4.75%