Instuitional Investor - Westend Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLE	3,346,905	$655,161,309	14.45%
2.	Ishares Tr Core Msci Euro		4,933,437	$363,594,911	8.02%
3.	Sector Spdr Trust	XLE	3,160,758	$350,752,089	7.73%
4.	Vanguard Intl Equity Index Funds	VWO	3,702,059	$307,160,786	6.77%
5.	Sector Spdr Trust	XLE	1,748,924	$294,559,303	6.5%