Instuitional Investor - Relative Value Partners Group, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		645,981	$96,574,132	5.89%
2.	Ishares Trust	IEF	383,850	$85,748,265	5.23%
3.	Vanguard Index Fds		311,236	$73,831,315	4.51%
4.	Vanguard Scottsdale Funds		1,386,901	$64,296,744	3.92%
5.	Vanguard Scottsdale Funds		1,046,386	$62,071,628	3.79%