Instuitional Investor - D.a. Davidson & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - VALUE ETF		5,687,753	$1,239,532,069	6.85%
2.	Vanguard Index Fds - GROWTH ETF		10,927,884	$941,327,937	5.2%
3.	Ishares Trust	HYG	7,913,764	$755,289,642	4.18%
4.	Ishares Trust	IEF	5,295,358	$524,134,532	2.9%
5.	Apple Inc.	AAPL	1,500,901	$434,300,971	2.4%