IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
+9.36%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$514M
AUM Growth
+$370M
Cap. Flow
+$363M
Cap. Flow %
70.64%
Top 10 Hldgs %
67.46%
Holding
122
New
11
Increased
38
Reduced
6
Closed
20

Top Buys

1
MERC icon
Mercer International
MERC
$134M
2
NTP
Nam Tai Property Inc.
NTP
$43.3M
3
SRL icon
Scully Royalty
SRL
$26.4M
4
BRK.A icon
Berkshire Hathaway Class A
BRK.A
$20.8M
5
GS icon
Goldman Sachs
GS
$17.7M

Top Sells

1
AVT icon
Avnet
AVT
$1.52M
2
WU icon
Western Union
WU
$1.25M
3
MOV icon
Movado Group
MOV
$1.02M
4
DFT.PRC
DuPont Fabros Technology, Inc.
DFT.PRC
$821K
5
ARES.PRA
Ares Management Corporation 7.00% Series A Preferred Stock
ARES.PRA
$780K

Sector Composition

1 Materials 27.16%
2 Financials 23.66%
3 Real Estate 10.58%
4 Industrials 6.38%
5 Technology 5.58%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
AHL.PRA.CL
51
DELISTED
ASPEN Insurance Holding Limited
AHL.PRA.CL
$1.01M 0.2%
40,000
+20,000
+100% +$507K
ACGLP
52
DELISTED
Arch Capital Group Ltd. Depositary Shares Representing Interest in 5.25% Non-Cumulative Preferred Se
ACGLP
$999K 0.19%
+40,000
New +$999K
JPM icon
53
JPMorgan Chase
JPM
$835B
$943K 0.18%
14,155
+8,500
+150% +$566K
USB icon
54
US Bancorp
USB
$76.5B
$871K 0.17%
20,300
– –
TEL icon
55
TE Connectivity
TEL
$61.6B
$805K 0.16%
12,500
– –
SCHW icon
56
Charles Schwab
SCHW
$177B
$789K 0.15%
25,000
– –
HGH
57
DELISTED
THE HARTFORD FINANCIAL SERVICES GROUP, INC. 7.875% FIXED-TO-FLOATING RATE JR SUB DEBENTURE DUE 2042
HGH
$789K 0.15%
25,000
– –
ETP
58
DELISTED
Energy Transfer Partners L.p.
ETP
$777K 0.15%
21,000
– –
MCD icon
59
McDonald's
MCD
$226B
$721K 0.14%
6,250
– –
FLG
60
Flagstar Financial, Inc.
FLG
$5.38B
$712K 0.14%
16,667
– –
BWP
61
DELISTED
Boardwalk Pipeline Partners
BWP
$698K 0.14%
40,700
+40,000
+5,714% +$686K
NNN icon
62
NNN REIT
NNN
$8B
$661K 0.13%
13,000
– –
KO icon
63
Coca-Cola
KO
$294B
$635K 0.12%
15,000
– –
OVV icon
64
Ovintiv
OVV
$10.9B
$580K 0.11%
11,071
+3,000
+37% +$157K
DO
65
DELISTED
Diamond Offshore Drilling
DO
$572K 0.11%
32,500
+25,000
+333% +$440K
IEH
66
DELISTED
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$547K 0.11%
20,000
-10,000
-33% -$274K
UZC
67
DELISTED
United States Cellular Corporation 7.25% Senior Notes due 2064
UZC
$541K 0.11%
20,000
-20,000
-50% -$541K
BAC.PRW.CL
68
DELISTED
Bank of America Corporation Depositary Shares, each representing a 1/1000 th interest in a share of
BAC.PRW.CL
$541K 0.11%
20,000
– –
BP icon
69
BP
BP
$88.4B
$527K 0.1%
17,827
– –
KKR.PRB
70
DELISTED
KKR & Co. Inc. 6.50% Series B Preferred Unit
KKR.PRB
$400K 0.08%
15,000
-15,000
-50% -$400K
ASB.PRD
71
DELISTED
Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of Associated
ASB.PRD
$378K 0.07%
+15,000
New +$378K
SPPI
72
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$354K 0.07%
75,796
– –
ROX
73
DELISTED
Castle Brands, Inc.
ROX
$305K 0.06%
350,000
– –
TVIA
74
DELISTED
TerraVia Holdings, Inc. Common Stock
TVIA
$275K 0.05%
100,000
– –
ARES.PRA
75
DELISTED
Ares Management Corporation 7.00% Series A Preferred Stock
ARES.PRA
$260K 0.05%
10,000
-30,000
-75% -$780K
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