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Instuitional Investor - Watermark Asset Management, Inc.

Filing Period:
No. Security Ticker Shares Value (x$1000) % Port
1. IEF 170,389 $45,809 19.08%
2. IEF 343,513 $37,556 15.64%
Vanguard Ftse Developed Markets Etf
486,256 $21,813 9.08%
4. IEF 73,502 $13,949 5.81%
5. FNDF 186,980 $12,064 5.02%