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

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	438,378	$30,730,268	13.6%
2.	Schwab Strategic Trust	FNDF	181,008	$15,020,778	6.65%
3.	Ishares Tr		120,336	$12,625,654	5.59%
4.	Ishares Trust	IAU	244,525	$9,543,811	4.22%
5.	Ishares Tr		105,412	$8,225,300	3.64%