Instuitional Investor - Clark Capital Management Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr - IBOXX HI YD ETF		17,143,000	$1,382,582,919	9.59%
2.	Spdr Series Trust		7,581,592	$551,105,914	3.82%
3.	Microsoft Corp	MSFT	675,603	$336,051,640	2.33%
4.	Spdr Series Trust		3,422,870	$332,942,581	2.31%
5.	Nvidia Corp	NVDA	2,034,414	$321,417,024	2.23%