Instuitional Investor - Mendel Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	148,197	$19,695,337	9.9%
2.	Ishares Trust	IEF	86,108	$15,621,800	7.86%
3.	Schwab Strategic Trust	FNDF	485,811	$14,904,676	7.49%
4.	Vanguard Index Fds - S&P 500 ETF SHS		22,242	$13,290,797	6.68%
5.	Vanguard Specialized Funds - DIV APP ETF		60,700	$13,054,192	6.56%