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

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	582,529	$15,186,521	6.82%
2.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		80,718	$14,144,240	6.35%
3.	Schwab Strategic Trust	FNDF	372,331	$10,376,875	4.66%
4.	Ishares Tr - MSCI USA MIN VOL		112,435	$9,983,110	4.48%
5.	Ishares Trust	IAU	151,377	$7,494,676	3.36%