Instuitional Investor - Westend Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	3,577,711	$487,928,304	13.37%
2.	Sector Spdr Trust	XLB	2,327,789	$448,052,835	12.28%
3.	Vanguard Intl Equity Index Funds	VWO	5,714,558	$320,815,281	8.79%
4.	Vanguard Intl Equity Index Funds	VWO	3,808,132	$274,299,738	7.52%
5.	Sector Spdr Trust	XLB	3,461,670	$251,524,940	6.89%