Instuitional Investor - Traphagen Investment Advisors Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	455,887	$283,060,545	26.81%
2.	American Centy Etf Tr - US EQT ETF		1,215,138	$122,510,259	11.6%
3.	Victory Portfolios Ii		2,219,090	$78,444,820	7.43%
4.	Pacer Fds Tr		1,943,554	$68,238,182	6.46%
5.	First Tr Exchange Traded Fd		346,174	$48,125,055	4.56%