Instuitional Investor - Armbruster Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	HYG	206,320	$70,732,604	10.54%
2.	Vanguard Wellington Fd		431,781	$64,089,254	9.55%
3.	Invesco Exchange Traded Fd T - S&P500 PUR VAL		366,841	$41,753,806	6.22%
4.	Invesco Exch Traded Fd Tr Ii - S&P500 LOW VOL		540,041	$40,449,100	6.03%
5.	Ishares Trust	HYG	171,926	$37,725,627	5.62%