IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-3.08%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$474M
AUM Growth
+$249M
Cap. Flow
-$53M
Cap. Flow %
-11.18%
Top 10 Hldgs %
75.43%
Holding
87
New
7
Increased
–
Reduced
6
Closed
16

Top Buys

1
SCE.PRN
SCE Trust VIII 6.95% Trust Preference Securities
SCE.PRN
$2.07M
2
OXLCI
Oxford Lane Capital Corp. 8.75% Notes due 2030
OXLCI
$2M
3
TRINZ icon
Trinity Capital 7.875% Notes due 2029
TRINZ
$1.51M
4
GEV icon
GE Vernova
GEV
$648K
5
GECCI icon
Great Elm Capital Corp 8.50% Notes Due 2029
GECCI
$504K

Top Sells

1
GS icon
Goldman Sachs
GS
$16.4M
2
JEF icon
Jefferies Financial Group
JEF
$6.63M
3
AMD icon
Advanced Micro Devices
AMD
$5.68M
4
BA icon
Boeing
BA
$5.29M
5
BX icon
Blackstone
BX
$4.99M

Sector Composition

1 Materials 29.69%
2 Financials 25.14%
3 Healthcare 6.27%
4 Industrials 5.86%
5 Real Estate 5.08%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MCD icon
26
McDonald's
MCD
$224B
$1.59M 0.34%
6,250
– –
JCI icon
27
Johnson Controls International
JCI
$69.5B
$1.59M 0.33%
23,874
– –
TRINZ icon
28
Trinity Capital 7.875% Notes due 2029
TRINZ
$119M
$1.51M 0.32%
+60,000
New +$1.51M
AXS.PRE icon
29
AXIS Capital Holdings Ltd Series E
AXS.PRE
$467M
$1.48M 0.31%
70,000
– –
USB.PRS icon
30
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
$357M
$1.18M 0.25%
60,000
– –
SPB icon
31
Spectrum Brands
SPB
$1.38B
$1.1M 0.23%
12,799
– –
PG icon
32
Procter & Gamble
PG
$375B
$940K 0.2%
5,700
– –
OZKAP
33
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock
OZKAP
$243M
$934K 0.2%
60,000
– –
PSEC.PRA icon
34
Prospect Capital Corporation 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock
PSEC.PRA
$87.4M
$835K 0.18%
50,000
– –
CUBB
35
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$63.9M
$772K 0.16%
40,000
– –
HPP.PRC
36
Hudson Pacific Properties, Inc. 4.750% Series C Cumulative Redeemable Preferred Stock
HPP.PRC
$254M
$754K 0.16%
55,000
– –
CHN
37
China Fund
CHN
$166M
$692K 0.15%
68,399
– –
GEV icon
38
GE Vernova
GEV
$158B
$648K 0.14%
+3,780
New +$648K
BRK.A icon
39
Berkshire Hathaway Class A
BRK.A
$1.08T
$612K 0.13%
1
– –
HTLFP
40
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
$565K 0.12%
22,500
– –
NNN icon
41
NNN REIT
NNN
$8.18B
$554K 0.12%
13,000
– –
BP icon
42
BP
BP
$87.4B
$542K 0.11%
15,000
– –
BEPJ
43
Brookfield BRP Holdings (Canada) Inc. 7.250% Perpetual Subordinated Notes
BEPJ
$151M
$513K 0.11%
20,000
– –
GECCI icon
44
Great Elm Capital Corp 8.50% Notes Due 2029
GECCI
$57.8M
$504K 0.11%
+20,000
New +$504K
AQNB
45
Algonquin Power & Utilities Corp Series 2019-A
AQNB
$360M
$502K 0.11%
20,000
-60,000
-75% -$1.51M
ATLCL icon
46
Atlanticus Holdings 6.125% Senior Notes due 2026
ATLCL
$148M
$453K 0.1%
20,000
– –
OPINL
47
Office Properties Income Trust 6.375% Senior Notes due 2050
OPINL
$403K 0.09%
40,000
– –
GEHC icon
48
GE HealthCare
GEHC
$34.6B
$393K 0.08%
5,040
– –
SLMBP
49
SLM Corporation Floating-Rate Non-Cumulative Series B
SLMBP
$189M
$341K 0.07%
4,500
– –
ABBV icon
50
AbbVie
ABBV
$375B
$334K 0.07%
1,948
– –
1
2
3