Instuitional Investor - High Falls Advisors, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr		1,117,344	$51,654,809	11.43%
2.	Ishares Trust	IEF	57,857	$35,923,567	7.95%
3.	Ishares Tr - MSCI USA QLT FCT		161,963	$29,610,123	6.55%
4.	Ishares Tr - EAFE VALUE ETF		439,058	$27,871,392	6.17%
5.	Ishares Trust	IEF	252,044	$27,750,061	6.14%