Instuitional Investor - Shilanski & Associates, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	64,042	$35,824,236	11.18%
2.	Schwab Strategic Trust	FNDF	1,161,301	$25,002,805	7.8%
3.	Schwab Strategic Trust	FNDF	329,199	$11,897,261	3.71%
4.	Invesco Exch Traded Fd Tr Ii - S&P500 HDL VOL		221,518	$11,126,832	3.47%
5.	Ishares Trust	IEF	87,253	$9,692,957	3.02%