Instuitional Investor - Phh Investments, Ltd.

Filing Period:
No. Security Ticker Shares Value % Port
1.
First Tr Exchng Traded Fd Vi
1,000,972 $51,870,000 13.7%
2. IEF 389,875 $43,810,000 11.57%
3. IEF 186,416 $32,794,000 8.66%
4.
Vanguard Scottsdale Funds
261,923 $31,391,000 8.29%
5. IEF 152,119 $29,456,000 7.78%