IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-9.6%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$549M
AUM Growth
-$828M
Cap. Flow
-$697M
Cap. Flow %
-127.03%
Top 10 Hldgs %
75.95%
Holding
109
New
2
Increased
–
Reduced
13
Closed
20

Top Buys

No buys this quarter

Top Sells

1
AXP icon
American Express
AXP
$65.2M
2
AAPL icon
Apple
AAPL
$60.4M
3
J icon
Jacobs Solutions
J
$58.6M
4
BX icon
Blackstone
BX
$58.4M
5
UPS icon
United Parcel Service
UPS
$58.4M

Sector Composition

1 Materials 39.5%
2 Financials 22.65%
3 Industrials 7.47%
4 Real Estate 4.71%
5 Healthcare 4.16%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
DFP
26
DELISTED
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$1.67M 0.3%
77,797
– –
SCHW icon
27
Charles Schwab
SCHW
$167B
$1.58M 0.29%
25,000
– –
MCD icon
28
McDonald's
MCD
$224B
$1.54M 0.28%
6,250
– –
AXS.PRE icon
29
AXIS Capital Holdings Ltd Series E
AXS.PRE
$467M
$1.53M 0.28%
70,000
– –
TEL icon
30
TE Connectivity
TEL
$61.7B
$1.41M 0.26%
12,500
– –
DO
31
DELISTED
Diamond Offshore Drilling, Inc.
DO
$1.23M 0.22%
208,583
– –
JCI icon
32
Johnson Controls International
JCI
$69.5B
$1.14M 0.21%
23,874
– –
OZKAP
33
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock
OZKAP
$243M
$1.09M 0.2%
60,000
– –
CHN
34
China Fund
CHN
$166M
$1.06M 0.19%
68,399
– –
HPP.PRC
35
Hudson Pacific Properties, Inc. 4.750% Series C Cumulative Redeemable Preferred Stock
HPP.PRC
$254M
$1.06M 0.19%
55,000
-25,000
-31% -$481K
SPB icon
36
Spectrum Brands
SPB
$1.38B
$1.05M 0.19%
12,799
– –
GE icon
37
GE Aerospace
GE
$296B
$963K 0.18%
24,277
– –
OPINL
38
Office Properties Income Trust 6.375% Senior Notes due 2050
OPINL
$948K 0.17%
40,000
-40,000
-50% -$948K
PSEC.PRA icon
39
Prospect Capital Corporation 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock
PSEC.PRA
$87.4M
$933K 0.17%
50,000
– –
CUBB
40
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$63.9M
$932K 0.17%
40,000
– –
PG icon
41
Procter & Gamble
PG
$375B
$820K 0.15%
5,700
– –
FOX icon
42
Fox Class B
FOX
$24.9B
$743K 0.14%
25,028
-624,800
-96% -$18.5M
UNMA
43
Unum Group 6.250% Junior Subordinated Notes due 2058
UNMA
$290M
$727K 0.13%
30,000
– –
SREA
44
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$711M
$711K 0.13%
30,000
– –
DUKB
45
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$501M
$633K 0.12%
25,000
– –
EMP
46
Entergy Mississippi First Mortgage Bonds 4.90% Series due October 1 2066
EMP
$604K 0.11%
25,000
– –
WFC.PRQ
47
DELISTED
Wells Fargo & Co.
WFC.PRQ
$598K 0.11%
25,000
– –
HTLFP
48
DELISTED
Heartland Financial USA, Inc. Depositary Shares, each representing a 1/400th ownership interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
HTLFP
$576K 0.11%
22,500
– –
NNN icon
49
NNN REIT
NNN
$8.18B
$559K 0.1%
13,000
– –
RZA
50
DELISTED
REINSURANCE GROUP OF AMERICA, INCORPORATED 6.20% Fixed-To-Floating Rate Subordinated Debentures due 2042
RZA
$505K 0.09%
20,000
-10,000
-33% -$253K
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