Instuitional Investor - Spectrum Asset Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Exch Traded Fd Tr Ii - PFD ETF		3,902,745	$42,461,870	84.85%
2.	Wells Fargo & Company	WFC	3,437	$3,969,735	7.93%
3.	Invesco Exch Traded Fd Tr Ii		106,122	$2,544,826	5.09%
4.	Bank Of America Corp	VKI	897	$1,068,829	2.14%