IR

IAT Reinsurance Portfolio holdings

AUM $445M
This Quarter Return
+3.63%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$150M
AUM Growth
+$150M
Cap. Flow
-$355M
Cap. Flow %
-236.45%
Top 10 Hldgs %
42%
Holding
134
New
14
Increased
–
Reduced
44
Closed
21

Top Buys

1
AXP icon
American Express
AXP
$3.9M
2
UZC
United States Cellular Corporation 7.25% Senior Notes due 2064
UZC
$1M
3
ECCZ.CL
Eagle Point Credit Company Inc.
ECCZ.CL
$994K
4
WTW icon
Willis Towers Watson
WTW
$631K
5
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$516K

Top Sells

1
MERC icon
Mercer International
MERC
$137M
2
NTP
Nam Tai Property Inc.
NTP
$31.1M
3
SRL icon
Scully Royalty
SRL
$25.1M
4
GS icon
Goldman Sachs
GS
$19.3M
5
BRK.A icon
Berkshire Hathaway Class A
BRK.A
$19M

Sector Composition

1 Financials 27.79%
2 Industrials 14.99%
3 Healthcare 6.46%
4 Consumer Discretionary 6.33%
5 Technology 6.09%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
C.PRK
51
DELISTED
Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K
C.PRK
$557K 0.37% 20,000 – –
CVX icon
52
Chevron
CVX
$324B
$540K 0.36% 6,000 -10,000 -63% -$900K
BAC.PRW.CL
53
DELISTED
Bank of America Corporation Depositary Shares, each representing a 1/1000 th interest in a share of
BAC.PRW.CL
$535K 0.36% 20,000 -20,000 -50% -$535K
BAC.PRY.CL
54
DELISTED
BANK OF AMERICA CORPORATION Depositary Shares representing a 1/1,000 th interest in a share of 6.500
BAC.PRY.CL
$534K 0.36% 20,000 -40,000 -67% -$1.07M
RJD.CL
55
DELISTED
Raymond James Financial Inc
RJD.CL
$533K 0.36% 20,000 – –
TCF.PRB.CL
56
DELISTED
TCF Financial Corporation
TCF.PRB.CL
$532K 0.35% 20,000 – –
MS.PRI icon
57
MORGAN STANLEY Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I
MS.PRI
$1.01M
$531K 0.35% 20,000 – –
JPM.PRF.CL
58
DELISTED
JPMorgan Chase & Co. Called
JPM.PRF.CL
$522K 0.35% 20,000 – –
NNN icon
59
NNN REIT
NNN
$8.1B
$521K 0.35% 13,000 – –
IEH
60
DELISTED
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$516K 0.34% +20,000 New +$516K
VNO.PRJ
61
DELISTED
VORNADO RLTY TR PFD 6.875% CUMULATIVE RED SER J % (MD)
VNO.PRJ
$512K 0.34% 20,000 -17,000 -46% -$435K
ALLY.PRA
62
DELISTED
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
$507K 0.34% 20,000 – –
CTZ
63
DELISTED
Qwest Corporation
CTZ
$504K 0.34% 20,000 -20,000 -50% -$504K
AHL.PRA.CL
64
DELISTED
ASPEN Insurance Holding Limited
AHL.PRA.CL
$504K 0.34% 20,000 – –
GBLIZ
65
DELISTED
Global Indemnity Limited 7.75% Subordinated Note Due 2045
GBLIZ
$477K 0.32% 20,000 -40,000 -67% -$954K
PIY
66
DELISTED
ML Depositor PreferredPlus 8.375% Citizens Commun Cert. CZN-1
PIY
$477K 0.32% 18,700 – –
BP icon
67
BP
BP
$90.8B
$469K 0.31% 15,000 – –
SPPI
68
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$457K 0.3% 75,796 – –
ROX
69
DELISTED
Castle Brands, Inc.
ROX
$431K 0.29% 350,000 – –
CDK
70
DELISTED
CDK Global, Inc.
CDK
$422K 0.28% 8,900 -53,430 -86% -$2.53M
KHC icon
71
Kraft Heinz
KHC
$33.1B
$420K 0.28% 5,766 -18,554 -76% -$1.35M
TYC
72
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$399K 0.27% 12,500 -12,500 -50% -$399K
LM
73
DELISTED
Legg Mason, Inc.
LM
$392K 0.26% 10,000 -90,000 -90% -$3.53M
STAG.PRA.CL
74
DELISTED
Stag Industrial Inc
STAG.PRA.CL
$391K 0.26% 15,000 – –
JPM icon
75
JPMorgan Chase
JPM
$829B
$373K 0.25% 5,655 -8,500 -60% -$561K
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