Instuitional Investor - Kraft, Davis & Associates, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Market Vectors Etf Trust	GDX	73,667	$37,236,239	7.93%
2.	Vanguard Index Fds		70,601	$25,002,104	5.33%
3.	Ishares Trust	IEF	30,995	$22,377,911	4.77%
4.	Fidelity Covington Trust		78,202	$19,271,135	4.11%
5.	Vanguard Specialized Funds - DIV APP ETF		73,434	$16,798,736	3.58%