IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-0.45%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$144M
AUM Growth
-$6.98M
Cap. Flow
-$4.41M
Cap. Flow %
-3.07%
Top 10 Hldgs %
42.38%
Holding
126
New
8
Increased
2
Reduced
2
Closed
15

Top Buys

1
ARES.PRA
Ares Management Corporation 7.00% Series A Preferred Stock
ARES.PRA
$1.02M
2
VR.PRA.CL
Validus Holdings, Ltd.
VR.PRA.CL
$1M
3
DFT.PRC
DuPont Fabros Technology, Inc.
DFT.PRC
$821K
4
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$810K
5
KKR.PRB
KKR & Co. Inc. 6.50% Series B Preferred Unit
KKR.PRB
$770K

Top Sells

1
GS icon
Goldman Sachs
GS
$2.7M
2
EMZ.CL
ENTERGY MISS INC 1ST MTG BD
EMZ.CL
$1.03M
3
SFN.CL
STIFEL FINANCIAL CORP 5.75% SR NT DUE DEC 2022 (DE)
SFN.CL
$1M
4
STT.PRE.CL
State Street Corporation Depository Shares, each representing a 1/4,000th ownership interest in a sh
STT.PRE.CL
$797K
5
SNHNL
Senior Housing Properties Trust 6.25% Senior Notes Due 2046
SNHNL
$758K

Sector Composition

1 Financials 23.02%
2 Industrials 13.51%
3 Technology 8.65%
4 Healthcare 6.48%
5 Consumer Discretionary 6.04%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CNFR icon
26
Conifer Holdings
CNFR
$9.04M
$1.74M 1.21%
250,000
– –
MO icon
27
Altria Group
MO
$112B
$1.72M 1.2%
25,000
– –
PG icon
28
Procter & Gamble
PG
$375B
$1.69M 1.18%
20,000
– –
CHN
29
China Fund
CHN
$166M
$1.47M 1.02%
101,426
– –
WU icon
30
Western Union
WU
$2.86B
$1.25M 0.87%
65,000
– –
GE icon
31
GE Aerospace
GE
$296B
$1.1M 0.77%
7,303
– –
ECCZ.CL
32
DELISTED
Eagle Point Credit Company Inc.
ECCZ.CL
$1.04M 0.73%
40,000
– –
MDT icon
33
Medtronic
MDT
$119B
$1.04M 0.72%
11,950
– –
UZC
34
DELISTED
United States Cellular Corporation 7.25% Senior Notes due 2064
UZC
$1.03M 0.72%
40,000
– –
ARES.PRA
35
DELISTED
Ares Management Corporation 7.00% Series A Preferred Stock
ARES.PRA
$1.02M 0.71%
+40,000
New +$1.02M
MOV icon
36
Movado Group
MOV
$431M
$1.02M 0.71%
47,000
– –
VR.PRA.CL
37
DELISTED
Validus Holdings, Ltd.
VR.PRA.CL
$1M 0.7%
+40,000
New +$1M
SUBC
38
DELISTED
SUBSEA 7 S A SPONSORED ADR
SUBC
$972K 0.68%
100,000
– –
DFT.PRC
39
DELISTED
DuPont Fabros Technology, Inc.
DFT.PRC
$821K 0.57%
+30,000
New +$821K
USB icon
40
US Bancorp
USB
$75.9B
$819K 0.57%
20,300
– –
IEH
41
DELISTED
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$810K 0.56%
+30,000
New +$810K
ETP
42
DELISTED
Energy Transfer Partners L.p.
ETP
$799K 0.56%
21,000
– –
HGH
43
DELISTED
THE HARTFORD FINANCIAL SERVICES GROUP, INC. 7.875% FIXED-TO-FLOATING RATE JR SUB DEBENTURE DUE 2042
HGH
$788K 0.55%
25,000
– –
MDLZ icon
44
Mondelez International
MDLZ
$79.9B
$787K 0.55%
17,300
– –
KKR.PRB
45
DELISTED
KKR & Co. Inc. 6.50% Series B Preferred Unit
KKR.PRB
$770K 0.54%
+30,000
New +$770K
MCD icon
46
McDonald's
MCD
$224B
$752K 0.52%
6,250
– –
FLG
47
Flagstar Financial, Inc.
FLG
$5.39B
$750K 0.52%
16,667
– –
TEL icon
48
TE Connectivity
TEL
$61.7B
$714K 0.5%
12,500
– –
KO icon
49
Coca-Cola
KO
$292B
$680K 0.47%
15,000
– –
NNN icon
50
NNN REIT
NNN
$8.18B
$672K 0.47%
13,000
– –
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