Instuitional Investor - W. E. Donoghue & Co., Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Ser Tr		1,448,264	$33,990,756	11.36%
2.	J P Morgan Exchange Traded F		634,530	$31,961,276	10.68%
3.	Spdr Series Trust		1,188,556	$31,128,282	10.41%
4.	Ssga Active Etf Tr		572,044	$23,871,396	7.98%
5.	Cisco Systems Inc.	CSCO	63,061	$3,733,211	1.24%