Dark
Light
System
Institutional Investment Manager
ROWLAND CARMICHAEL ADVISORS INC /ADV
ROWLAND CARMICHAEL ADVISORS INC /ADV (CIK: 0000825052). Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 304 holdings with a total value of $169,535,000.
#
Name
Shares
Value ($)
%
Options
Notes
301 ISHARES TR 31,435 3,299,000 1.95%
302 ALPS ETF TR 264,185 3,329,000 1.96%
303 WELLS FARGO & CO NEW 110,473 6,088,000 3.59%
304 VANGUARD INDEX FDS 85,850 9,900,000 5.84%
Page 7 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-20-002491, filed 2020.02.10).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.