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
151	151 PIMCO Active Bond Exchange-Traded Fund BOND $5.81B	$173K	0.1%	+1,637	New	+$173K
152	152 Jabil JBL $22B	$153K	0.08%	+7,495	New	+$153K
153	153 Dover DOV $24.5B	$151K	0.08%	+1,938	New	+$151K
154	154 Xcel Energy XEL $42.8B	$148K	0.08%	+5,235	New	+$148K
155	EEP 155 DELISTED Enbridge Energy Partners EEP	$148K	0.08%	+4,856	New	+$148K
156	156 Cummins CMI $54.9B	$147K	0.08%	+1,359	New	+$147K
157	SNDK 157 DELISTED SANDISK CORP SNDK	$147K	0.08%	+2,399	New	+$147K
158	158 Chunghwa Telecom CHT $33.8B	$146K	0.08%	+4,549	New	+$146K
159	159 First Trust Technology AlphaDEX Fund FXL $1.36B	$146K	0.08%	+5,977	New	+$146K
160	SWN 160 DELISTED Southwestern Energy Company SWN	$145K	0.08%	+3,964	New	+$145K
161	161 Nuveen Floating Rate Income Fund JFR $1.13B	$144K	0.08%	+11,418	New	+$144K
162	TI 162 DELISTED Telecom Italia TI	$143K	0.08%	+20,624	New	+$143K
163	PX 163 DELISTED Praxair Inc PX	$142K	0.08%	+1,232	New	+$142K
164	164 STMicroelectronics STM $24.1B	$138K	0.08%	+15,399	New	+$138K
165	WPRT 165 Westport Fuel Systems WPRT $48.4M	$137K	0.08%	+4,080	New	+$137K
166	166 VanEck Agribusiness ETF MOO $628M	$132K	0.07%	+2,570	New	+$132K
167	CA 167 DELISTED CA, Inc. CA	$132K	0.07%	+4,611	New	+$132K
168	PVR 168 DELISTED PVR PARTNERS L P COM UNIT REPTG LTD PARTNERSHIP INT PVR	$131K	0.07%	+4,799	New	+$131K
169	169 Arcos Dorados Holdings ARCO $1.47B	$127K	0.07%	+10,849	New	+$127K
170	170 Truist Financial TFC $60.4B	$127K	0.07%	+3,756	New	+$127K
171	171 Sony SONY $165B	$126K	0.07%	+5,929	New	+$126K
172	172 Range Resources RRC $8.16B	$124K	0.07%	+1,608	New	+$124K
173	173 Silicon Motion SIMO $2.71B	$123K	0.07%	+11,658	New	+$123K
174	174 PepsiCo PEP $204B	$117K	0.06%	+1,435	New	+$117K
175	175 Accenture ACN $162B	$116K	0.06%	+1,608	New	+$116K