Instuitional Investor - Towercrest Capital Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	113,426	$84,948,848	11.84%
2.	Schwab Strategic Trust	SCHD	2,222,715	$65,414,512	9.12%
3.	Ishares Trust	IEF	443,414	$43,879,631	6.12%
4.	Ishares Tr - IBOXX HI YD ETF		481,066	$38,470,676	5.36%
5.	Ishares Trust	IEF	327,308	$35,698,681	4.98%