IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-0.45%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$144M
AUM Growth
-$6.98M
Cap. Flow
-$4.41M
Cap. Flow %
-3.07%
Top 10 Hldgs %
42.38%
Holding
126
New
8
Increased
2
Reduced
2
Closed
15

Top Buys

1
ARES.PRA
Ares Management Corporation 7.00% Series A Preferred Stock
ARES.PRA
$1.02M
2
VR.PRA.CL
Validus Holdings, Ltd.
VR.PRA.CL
$1M
3
DFT.PRC
DuPont Fabros Technology, Inc.
DFT.PRC
$821K
4
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$810K
5
KKR.PRB
KKR & Co. Inc. 6.50% Series B Preferred Unit
KKR.PRB
$770K

Top Sells

1
GS icon
Goldman Sachs
GS
$2.7M
2
EMZ.CL
ENTERGY MISS INC 1ST MTG BD
EMZ.CL
$1.03M
3
SFN.CL
STIFEL FINANCIAL CORP 5.75% SR NT DUE DEC 2022 (DE)
SFN.CL
$1M
4
STT.PRE.CL
State Street Corporation Depository Shares, each representing a 1/4,000th ownership interest in a sh
STT.PRE.CL
$797K
5
SNHNL
Senior Housing Properties Trust 6.25% Senior Notes Due 2046
SNHNL
$758K

Sector Composition

1 Financials 23.02%
2 Industrials 13.51%
3 Technology 8.65%
4 Healthcare 6.48%
5 Consumer Discretionary 6.04%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SCHW icon
51
Charles Schwab
SCHW
$167B
$633K 0.44%
25,000
– –
CVX icon
52
Chevron
CVX
$310B
$629K 0.44%
6,000
– –
C.PRK
53
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
$569K 0.4%
20,000
– –
BAC.PRW.CL
54
DELISTED
Bank of America Corporation Depositary Shares, each representing a 1/1000 th interest in a share of
BAC.PRW.CL
$548K 0.38%
20,000
– –
BAC.PRY.CL
55
DELISTED
BANK OF AMERICA CORPORATION Depositary Shares representing a 1/1,000 th interest in a share of 6.500
BAC.PRY.CL
$542K 0.38%
20,000
– –
MS.PRI icon
56
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
$541K 0.38%
20,000
– –
BP icon
57
BP
BP
$87.4B
$533K 0.37%
17,827
– –
TYC
58
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$533K 0.37%
11,938
– –
TCF.PRB.CL
59
DELISTED
TCF Financial Corporation
TCF.PRB.CL
$528K 0.37%
20,000
– –
CTZ
60
DELISTED
Qwest Corporation
CTZ
$514K 0.36%
20,000
– –
NEE.PRK
61
DELISTED
NextEra Energy Capital Holdings, Inc. Series K Junior Subordinated Debentures due June 1, 2076
NEE.PRK
$514K 0.36%
+20,000
New +$514K
KHC icon
62
Kraft Heinz
KHC
$32.3B
$510K 0.35%
5,766
– –
AHL.PRA.CL
63
DELISTED
ASPEN Insurance Holding Limited
AHL.PRA.CL
$503K 0.35%
20,000
– –
GBLIZ
64
DELISTED
Global Indemnity Limited 7.75% Subordinated Note Due 2045
GBLIZ
$502K 0.35%
20,000
– –
SPPI
65
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$498K 0.35%
75,796
– –
ALLY.PRA
66
DELISTED
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
$496K 0.34%
20,000
– –
CDK
67
DELISTED
CDK Global, Inc.
CDK
$494K 0.34%
8,900
– –
DFP
68
DELISTED
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$460K 0.32%
20,000
– –
JPM icon
69
JPMorgan Chase
JPM
$809B
$351K 0.24%
5,655
– –
OVV icon
70
Ovintiv
OVV
$10.6B
$314K 0.22%
8,071
– –
RZB
71
Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056
RZB
$397M
$299K 0.21%
+11,000
New +$299K
LM
72
DELISTED
Legg Mason, Inc.
LM
$295K 0.21%
10,000
– –
TVIA
73
DELISTED
TerraVia Holdings, Inc. Common Stock
TVIA
$262K 0.18%
+100,000
New +$262K
ROX
74
DELISTED
Castle Brands, Inc.
ROX
$256K 0.18%
350,000
– –
DNOW icon
75
DNOW Inc
DNOW
$1.67B
$227K 0.16%
12,500
– –
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