Instuitional Investor - Kabouter Management, Llc

Filing Period:
No. Security Ticker Shares Value % Port
1. IEF 839,544 $63,192,477 51.18%
2.
Ishares Tr
723,473 $44,826,387 36.3%
3. OTEX 145,267 $6,134,151 4.96%
4. NICE 17,277 $3,476,132 2.81%
5. STE 14,563 $3,229,200 2.61%