Instuitional Investor - Professional Financial Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Scottsdale Funds	VCIT	293,907	$16,217,788	16.45%
2.	Market Vectors Etf Trust	GDX	85,849	$8,434,664	8.55%
3.	Cambria Etf Tr		781,347	$8,305,719	8.42%
4.	Vanguard World Fd		121,134	$7,883,401	8%
5.	Vanguard Scottsdale Funds	VCIT	119,119	$7,025,639	7.13%