IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-2.6%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$518M
AUM Growth
+$28.9M
Cap. Flow
+$29.4M
Cap. Flow %
5.67%
Top 10 Hldgs %
70.82%
Holding
85
New
6
Increased
1
Reduced
3
Closed
2

Top Buys

1
WFC.PRQ
Wells Fargo & Co.
WFC.PRQ
$2.52M
2
SREA
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$1.44M
3
NI.PRB
NiSource Inc. Depositary Shares representing 1/1,000th ownership interest in a share of 6.50% Series B Preferred Stock and 1/1,000th ownership interest in a share of Series B-1 Preferred Stock
NI.PRB
$630K
4
CSWCZ icon
Capital Southwest 7.75% Notes due 2028
CSWCZ
$503K
5
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$309K

Top Sells

1
BA icon
Boeing
BA
$3.17M
2
DCP.PRB
DCP Midstream, LP 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
DCP.PRB
$747K
3
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$712K
4
DUKB
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$628K
5
SLMBP
SLM Corporation Floating-Rate Non-Cumulative Series B
SLMBP
$136K

Sector Composition

1 Financials 25.87%
2 Materials 25.69%
3 Industrials 7.65%
4 Real Estate 6.34%
5 Consumer Discretionary 4.45%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
WFC icon
26
Wells Fargo
WFC
$262B
$2.13M 0.41%
50,000
– –
DIS icon
27
Walt Disney
DIS
$214B
$2.06M 0.4%
23,070
– –
ET.PRE
28
DELISTED
Energy Transfer LP 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit
ET.PRE
$1.93M 0.37%
80,000
– –
MCD icon
29
McDonald's
MCD
$226B
$1.87M 0.36%
6,250
– –
IEH
30
DELISTED
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$1.79M 0.35%
72,500
+12,500
+21% +$309K
TEL icon
31
TE Connectivity
TEL
$61.6B
$1.75M 0.34%
12,500
– –
DFP
32
DELISTED
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$1.73M 0.34%
77,797
– –
GE icon
33
GE Aerospace
GE
$299B
$1.66M 0.32%
18,952
– –
JCI icon
34
Johnson Controls International
JCI
$70.1B
$1.63M 0.31%
23,874
– –
SREA
35
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$698M
$1.44M 0.28%
+60,000
New +$1.44M
AXS.PRE icon
36
AXIS Capital Holdings Ltd Series E
AXS.PRE
$463M
$1.42M 0.27%
70,000
– –
SCHW icon
37
Charles Schwab
SCHW
$177B
$1.42M 0.27%
25,000
– –
USB.PRS icon
38
U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred Stock
USB.PRS
$353M
$1.15M 0.22%
60,000
– –
SPB icon
39
Spectrum Brands
SPB
$1.35B
$999K 0.19%
12,799
– –
VTS icon
40
Vitesse Energy
VTS
$1B
$951K 0.18%
42,469
– –
OZKAP
41
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock
OZKAP
$240M
$911K 0.18%
60,000
– –
PG icon
42
Procter & Gamble
PG
$373B
$865K 0.17%
5,700
– –
PSEC.PRA icon
43
Prospect Capital Corporation 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock
PSEC.PRA
$88.3M
$803K 0.16%
50,000
– –
FOX icon
44
Fox Class B
FOX
$24.6B
$798K 0.15%
25,028
– –
CHN
45
China Fund
CHN
$165M
$757K 0.15%
68,399
– –
CUBB
46
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$63.8M
$716K 0.14%
40,000
– –
NI.PRB
47
DELISTED
NiSource Inc. Depositary Shares representing 1/1,000th ownership interest in a share of 6.50% Series B Preferred Stock and 1/1,000th ownership interest in a share of Series B-1 Preferred Stock
NI.PRB
$630K 0.12%
+25,000
New +$630K
NNN icon
48
NNN REIT
NNN
$8B
$556K 0.11%
13,000
– –
HTLFP
49
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
$545K 0.11%
22,500
– –
BP icon
50
BP
BP
$88.4B
$529K 0.1%
15,000
– –
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