Instuitional Investor - Spectrum Asset Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Exch Traded Fd Tr Ii		3,694,150	$42,375,721	62.67%
2.	Invesco Exch Traded Fd Tr Ii		362,656	$8,032,831	11.88%
3.	Ishares Tr		222,784	$6,948,642	10.27%
4.	Wells Fargo & Company	WFC	4,748	$5,676,804	8.39%
5.	Bank Of America Corp	BAC	3,795	$4,574,038	6.76%