Instuitional Investor - Auto-owners Insurance Co

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Index Shs Fds		17,576,000	$711,652,240	15.87%
2.	Ishares Trust	IEF	2,993,410	$404,230,087	9.02%
3.	Spdr Series Trust		1,520,500	$360,784,240	8.05%
4.	Schwab Strategic Trust	FNDF	8,353,000	$333,827,645	7.45%
5.	Ishares Tr - EAFE VALUE ETF		3,963,000	$251,571,240	5.61%