ACM

Aviance Capital Management Portfolio holdings

AUM $668M

2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

-0.42%

1 Year Return

+6.48%

3 Year Return

+21.99%

5 Year Return

+29.93%

10 Year Return

–

AUM

$182M

AUM Growth

–

Cap. Flow

+$182M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

27.15%

Holding

227

New

227

Increased

–

Reduced

–

Closed

–

Top Buys

1	MINC AdvisorShares Newfleet Multi-Sector Income ETF MINC	$6.9M
2	Alerian MLP ETF AMLP	$6.14M
3	SPDR Bloomberg High Yield Bond ETF JNK	$5.83M
4	iShares iBoxx $ Investment Grade Corporate Bond ETF LQD	$5.74M
5	AWF AllianceBernstein Global High Income Fund AWF	$5.71M

Top Sells

No sells this quarter

Sector Composition

1	Energy	8.7%
2	Communication Services	8.53%
3	Healthcare	7.25%
4	Industrials	6.99%
5	Technology	6.87%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 iShares 1-3 Year Treasury Bond ETF SHY $24.5B	$361K	0.2%	+4,288	New	+$361K
102	102 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $16.2B	$359K	0.2%	+3,333	New	+$359K
103	RAI 103 DELISTED Reynolds American Inc RAI	$359K	0.2%	+7,427	New	+$359K
104	104 iShares Core S&P Total US Stock Market ETF ITOT $75.2B	$358K	0.2%	+4,893	New	+$358K
105	105 Capital One COF $145B	$356K	0.2%	+5,674	New	+$356K
106	106 Johnson Controls International JCI $69.9B	$353K	0.19%	+9,877	New	+$353K
107	107 Apple AAPL $3.45T	$352K	0.19%	+888	New	+$352K
108	108 Amazon AMZN $2.44T	$349K	0.19%	+1,256	New	+$349K
109	109 VanEck Energy Income ETF EINC $72M	$340K	0.19%	+18,271	New	+$340K
110	110 Invesco Water Resources ETF PHO $2.27B	$313K	0.17%	+14,184	New	+$313K
111	111 L3Harris LHX $51.9B	$299K	0.16%	+6,064	New	+$299K
112	112 Johnson & Johnson JNJ $427B	$296K	0.16%	+3,447	New	+$296K
113	113 CSX Corp CSX $60.6B	$289K	0.16%	+12,458	New	+$289K
114	114 Eaton ETN $136B	$284K	0.16%	+4,322	New	+$284K
115	BBEP 115 DELISTED BREITBURN ENERGY PARTNERS LP COM UNITS RPTNG LTD PRTNRSHIP BBEP	$278K	0.15%	+15,232	New	+$278K
116	116 Morgan Stanley MS $240B	$268K	0.15%	+10,981	New	+$268K
117	117 Kimberly-Clark KMB $42.8B	$265K	0.15%	+2,733	New	+$265K
118	118 Fluor FLR $6.63B	$263K	0.14%	+4,436	New	+$263K
119	119 VanEck High Yield Muni ETF HYD $3.29B	$261K	0.14%	+8,529	New	+$261K
120	120 WisdomTree Japan Hedged Equity Fund DXJ $3.7B	$257K	0.14%	+5,640	New	+$257K
121	121 Conagra Brands CAG $9.16B	$255K	0.14%	+7,297	New	+$255K
122	122 iShares Core S&P 500 ETF IVV $662B	$246K	0.14%	+1,529	New	+$246K
123	123 Lowe's Companies LOW $145B	$241K	0.13%	+5,891	New	+$241K
124	124 DuPont de Nemours DD $32.2B	$237K	0.13%	+7,365	New	+$237K
125	125 Invesco QQQ Trust QQQ $364B	$236K	0.13%	+3,311	New	+$236K