IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-20.63%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$526M
AUM Growth
-$160M
Cap. Flow
+$2.7M
Cap. Flow %
0.51%
Top 10 Hldgs %
66.33%
Holding
136
New
7
Increased
4
Reduced
5
Closed
3

Top Buys

1
BC.PRA icon
Brunswick Corporation 6.500% Senior Notes due 2048
BC.PRA
$2.01M
2
AQNA
Algonquin Power & Utilities Corp. 6.875% Fixed-to-Floating Rate Subordinated Notes Series 2018-A due October 17, 2078
AQNA
$1.97M
3
HIG.PRG icon
The Hartford Insurance Group, Inc. Depositary Shares each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $0.01 par value
HIG.PRG
$1.51M
4
SWJ.CL
STANLEY BLACK & DECKER, INC. 5.75% Junior Subordinated Debentures due 2052
SWJ.CL
$711K
5
SOJA
The Southern Company Series 2015A 6.25% Junior Subordinated Notes due October 15, 2075
SOJA
$509K

Top Sells

1
IBM icon
IBM
IBM
$1.8M
2
CIM.PRC
Chimera Investment Corporation 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
CIM.PRC
$1.51M
3
VR.PRB.CL
Validus Holdings, Ltd.
VR.PRB.CL
$522K
4
ESGRP
Enstar Group Depositary Shares Rep 1/1000 Preference Shares
ESGRP
$471K
5
ETP.PRD
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$458K

Sector Composition

1 Materials 32.7%
2 Financials 18.1%
3 Real Estate 9.65%
4 Industrials 6.78%
5 Healthcare 5.49%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
DUKB
26
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$501M
$2.35M 0.45%
100,000
– –
WFC icon
27
Wells Fargo
WFC
$253B
$2.3M 0.44%
50,000
– –
ETP.PRD
28
DELISTED
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$2.29M 0.44%
100,000
-20,000
-17% -$458K
TBC
29
DELISTED
AT&T Inc. 5.625% Global Notes due 2067
TBC
$2.29M 0.44%
100,000
– –
J icon
30
Jacobs Solutions
J
$17.4B
$2.16M 0.41%
44,732
– –
QVCD icon
31
QVC, Inc. 6.375% Senior Secured Notes due 2067
QVCD
$94.1M
$2.1M 0.4%
100,000
– –
DIS icon
32
Walt Disney
DIS
$212B
$2.03M 0.39%
18,500
– –
BC.PRA icon
33
Brunswick Corporation 6.500% Senior Notes due 2048
BC.PRA
$184M
$2.01M 0.38%
+80,000
New +$2.01M
JPM.PRD icon
34
JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
JPM.PRD
$1.72B
$2M 0.38%
80,000
– –
CDK
35
DELISTED
CDK Global, Inc.
CDK
$1.97M 0.37%
41,164
– –
AQNA
36
DELISTED
Algonquin Power & Utilities Corp. 6.875% Fixed-to-Floating Rate Subordinated Notes Series 2018-A due October 17, 2078
AQNA
$1.97M 0.37%
+80,000
New +$1.97M
UPS icon
37
United Parcel Service
UPS
$72.1B
$1.95M 0.37%
20,000
– –
PRIF.PRA
38
DELISTED
Priority Income Fund, Inc. 6.375% Series A Term Preferred Stock due 2025
PRIF.PRA
$1.93M 0.37%
80,000
– –
GPC icon
39
Genuine Parts
GPC
$19.4B
$1.84M 0.35%
19,108
– –
NCZ.PRA
40
Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares
NCZ.PRA
$92.1M
$1.83M 0.35%
80,000
– –
IBM icon
41
IBM
IBM
$232B
$1.8M 0.34%
16,604
-16,604
-50% -$1.8M
EPR.PRG icon
42
EPR Properties 5.750% Series G Cumulative Redeemable Preferred Shares
EPR.PRG
$130M
$1.78M 0.34%
85,000
– –
CVX icon
43
Chevron
CVX
$310B
$1.74M 0.33%
16,000
– –
ECCY
44
DELISTED
Eagle Point Credit Company Inc. 6.75% Notes due 2027
ECCY
$1.72M 0.33%
70,000
– –
LTSL
45
DELISTED
Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes due 2027
LTSL
$1.72M 0.33%
80,000
– –
DFP
46
DELISTED
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$1.71M 0.33%
77,797
– –
LM
47
DELISTED
Legg Mason, Inc.
LM
$1.71M 0.32%
67,000
– –
OAK.PRB
48
Brookfield Oaktree Holdings, LLC 6.550% Series B Preferred Units
OAK.PRB
$908M
$1.68M 0.32%
75,000
– –
HIG.PRG icon
49
The Hartford Insurance Group, Inc. Depositary Shares each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $0.01 par value
HIG.PRG
$348M
$1.51M 0.29%
+60,000
New +$1.51M
TCGP
50
DELISTED
The Carlyle Group L.P. 5.875 Percent Series A Preferred Units
TCGP
$1.43M 0.27%
70,000
– –
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