Instuitional Investor - Kraft, Davis & Associates, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Market Vectors Etf Trust	GDX	60,208	$35,523,705	7.42%
2.	Vanguard Index Fds		70,636	$25,966,216	5.42%
3.	Ishares Trust	IEF	31,045	$23,211,935	4.85%
4.	Fidelity Covington Trust	FENY	76,376	$20,940,862	4.37%
5.	Vanguard Specialized Funds - DIV APP ETF		73,518	$17,473,710	3.65%