Instuitional Investor - Spectrum Asset Management, Inc. (nb)

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	594,440	$15,800,216	7.02%
2.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		86,065	$14,909,016	6.62%
3.	Ishares Tr - MBS ETF		117,366	$11,006,584	4.89%
4.	Ishares Tr - MSCI USA MIN VOL		116,135	$10,877,206	4.83%
5.	Ishares Trust	IAU	154,380	$9,102,245	4.04%