Instuitional Investor - Townsend & Associates, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr		664,440	$73,261,206	6.24%
2.	Ishares Trust	HYG	1,240,631	$59,624,735	5.08%
3.	Bhp Group Ltd	BHP	619,268	$49,844,895	4.25%
4.	Janus Detroit Str Tr - HENDE INCOM ETF		942,780	$46,875,034	3.99%
5.	Ishares Trust	IEF	539,586	$45,265,896	3.86%