IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-1.9%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$442M
AUM Growth
-$32.3M
Cap. Flow
+$2.7M
Cap. Flow %
0.61%
Top 10 Hldgs %
71.96%
Holding
74
New
3
Increased
–
Reduced
2
Closed
2

Top Buys

1
BX icon
Blackstone
BX
$11.2M
2
NEWTH
NewtekOne, Inc. 8.625% Fixed Rate Senior Notes due 2029
NEWTH
$1.5M

Top Sells

1
GLW icon
Corning
GLW
$4.52M
2
SCE.PRN
SCE Trust VIII 6.95% Trust Preference Securities
SCE.PRN
$1.07M

Sector Composition

1 Financials 30.95%
2 Materials 25.26%
3 Healthcare 6.97%
4 Industrials 6.51%
5 Technology 4.5%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SCHW icon
26
Charles Schwab
SCHW
$167B
$1.62M 0.37%
25,000
– –
AXS.PRE icon
27
AXIS Capital Holdings Ltd Series E
AXS.PRE
$467M
$1.59M 0.36%
70,000
– –
TRINZ icon
28
Trinity Capital 7.875% Notes due 2029
TRINZ
$119M
$1.52M 0.35%
60,000
– –
NEWTH
29
NewtekOne, Inc. 8.625% Fixed Rate Senior Notes due 2029
NEWTH
$74.9M
$1.5M 0.34%
+60,000
New +$1.5M
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
$1.32M 0.3%
60,000
– –
RILYZ icon
31
B. Riley Financial 5.25% Senior Notes due 2028
RILYZ
$1.22M 0.28%
140,000
– –
SPB icon
32
Spectrum Brands
SPB
$1.38B
$1.22M 0.28%
12,799
– –
OZKAP
33
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock
OZKAP
$243M
$1.11M 0.25%
60,000
– –
SCE.PRN
34
SCE Trust VIII 6.95% Trust Preference Securities
SCE.PRN
$311M
$1.07M 0.24%
40,000
-40,000
-50% -$1.07M
PG icon
35
Procter & Gamble
PG
$375B
$987K 0.22%
5,700
– –
GEV icon
36
GE Vernova
GEV
$158B
$964K 0.22%
3,780
– –
PSEC.PRA icon
37
Prospect Capital Corporation 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock
PSEC.PRA
$87.4M
$950K 0.22%
50,000
– –
CHN
38
China Fund
CHN
$166M
$871K 0.2%
68,399
– –
CUBB
39
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$63.9M
$810K 0.18%
40,000
– –
HPP.PRC
40
Hudson Pacific Properties, Inc. 4.750% Series C Cumulative Redeemable Preferred Stock
HPP.PRC
$254M
$765K 0.17%
55,000
– –
BRK.A icon
41
Berkshire Hathaway Class A
BRK.A
$1.08T
$691K 0.16%
1
– –
NNN icon
42
NNN REIT
NNN
$8.18B
$630K 0.14%
13,000
– –
OPINL
43
Office Properties Income Trust 6.375% Senior Notes due 2050
OPINL
$591K 0.13%
40,000
– –
HTLFP
44
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 0.13%
22,500
– –
AQNB
45
Algonquin Power & Utilities Corp Series 2019-A
AQNB
$360M
$528K 0.12%
20,000
– –
BEPJ
46
Brookfield BRP Holdings (Canada) Inc. 7.250% Perpetual Subordinated Notes
BEPJ
$151M
$511K 0.12%
20,000
– –
GECCI icon
47
Great Elm Capital Corp 8.50% Notes Due 2029
GECCI
$57.8M
$508K 0.12%
20,000
– –
ATLCL icon
48
Atlanticus Holdings 6.125% Senior Notes due 2026
ATLCL
$148M
$477K 0.11%
20,000
– –
GEHC icon
49
GE HealthCare
GEHC
$34.6B
$473K 0.11%
5,040
– –
BP icon
50
BP
BP
$87.4B
$471K 0.11%
15,000
– –
1
2
3