Instuitional Investor - Shilanski & Associates, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	61,857	$36,253,228	11.63%
2.	Schwab Strategic Trust	FNDF	1,120,325	$25,431,388	8.15%
3.	Schwab Strategic Trust	FNDF	323,484	$10,742,907	3.44%
4.	Invesco Exch Traded Fd Tr Ii - S&P500 HDL VOL		215,298	$10,401,028	3.33%
5.	Spdr Series Trust		105,652	$9,286,811	2.97%