Instuitional Investor - Rowland Carmichael Advisors Inc V

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Schwab Strategic Trust	FNDF	471,791	$16,989,000	5.37%
2.	Apple Inc.	AAPL	110,733	$14,693,000	4.64%
3.	Ishares Inc		165,882	$11,207,000	3.54%
4.	Vanguard Index Fds		102,926	$8,742,000	2.76%
5.	Ishares Tr		87,093	$7,493,000	2.37%