Instuitional Investor - W. E. Donoghue & Co., Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust		1,474,666	$43,030,754	11.91%
2.	Spdr Series Trust		343,455	$31,474,216	8.71%
3.	Exone Co	XONE	542,573	$26,672,889	7.38%
4.	Ishares Trust	IEF	84,477	$6,975,266	1.93%
5.	Vanguard Scottsdale Funds		119,000	$6,966,260	1.93%