IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-5.07%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$667M
AUM Growth
-$74.6M
Cap. Flow
-$29.8M
Cap. Flow %
-4.48%
Top 10 Hldgs %
79.4%
Holding
101
New
6
Increased
4
Reduced
8
Closed
21

Top Buys

1
RILYZ icon
B. Riley Financial 5.25% Senior Notes due 2028
RILYZ
$3.52M
2
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$3.37M
3
PRIF.PRJ
Priority Income Fund, Inc. 6.000% Series J Term Preferred Stock due 2028
PRIF.PRJ
$1.5M
4
PSEC.PRA icon
Prospect Capital Corporation 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock
PSEC.PRA
$1.17M
5
CNFR icon
Conifer Holdings
CNFR
$720K

Top Sells

1
LMHB
Legg Mason, Inc. 5.45% Junior Subordinated Notes due 2056
LMHB
$8.07M
2
CUBB
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$4.02M
3
NRUC
National Rural Utilities Cooperative Finance Corporation 5.500% Subordinated Notes due 2064 (Subordinated Deferrable Interest Notes)
NRUC
$3.29M
4
CGABL
The Carlyle Group 4.625% Subordinated Notes due 2061
CGABL
$2.55M
5
QVCGP
QVC Group, Inc. 8.0% Fixed Rate Cumulative Redeemable Preferred Stock
QVCGP
$2.17M

Sector Composition

1 Materials 28.64%
2 Financials 21.9%
3 Real Estate 20.21%
4 Industrials 7.79%
5 Consumer Discretionary 4.46%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
WPG.PRI
51
DELISTED
Washington Prime Group Inc. 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Int
WPG.PRI
$160K 0.02%
35,000
– –
GM icon
52
General Motors
GM
$55.5B
$123K 0.02%
2,327
– –
LTSL
53
DELISTED
Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes due 2027
LTSL
$105K 0.02%
10,000
-10,000
-50% -$105K
WAB icon
54
Wabtec
WAB
$33B
$56K 0.01%
647
– –
ADNT icon
55
Adient
ADNT
$2B
$49K 0.01%
1,193
– –
STX icon
56
Seagate
STX
$40B
$41K 0.01%
+500
New +$41K
CBL.PRD
57
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$24K ﹤0.01%
15,000
– –
DNOW icon
58
DNOW Inc
DNOW
$1.67B
$8K ﹤0.01%
1,100
– –
KALU icon
59
Kaiser Aluminum
KALU
$1.25B
$8K ﹤0.01%
70
– –
VST.WS.A
60
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$6K ﹤0.01%
33,717
– –
TDW.WS.A
61
DELISTED
Tidewater Inc. Series A Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.A
$1K ﹤0.01%
903
– –
TDW.WS.B
62
DELISTED
Tidewater Inc. Series B Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.B
$1K ﹤0.01%
976
– –
MDLX
63
DELISTED
Medley LLC 6.875% Senior Notes due 2026
MDLX
$1K ﹤0.01%
40,000
– –
MDLQ
64
DELISTED
Medley LLC 7.25% Notes due 2024
MDLQ
$1K ﹤0.01%
40,000
– –
ACGLN icon
65
Arch Capital Group Depositary Shares Rep 1/1000 Non-Cumulative Pref Shs Series G
ACGLN
– –
-40,000
Closed -$1.04M
BIPH
66
Brookfield Infrastructure Finance ULC 5.000% Subordinated Notes due 2081
BIPH
$176M
– –
-40,000
Closed -$1.01M
CGABL
67
The Carlyle Group 4.625% Subordinated Notes due 2061
CGABL
$375M
– –
-100,000
Closed -$2.55M
CTBB icon
68
Qwest Corporation 6.5% Notes due 2056
CTBB
$793M
– –
-40,000
Closed -$1.02M
CUBB
69
Customers Bancorp, Inc. 5.375% Subordinated Notes Due 2034
CUBB
$63.9M
– –
-150,000
Closed -$4.02M
FCNCP icon
70
First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
FCNCP
$302M
– –
-40,000
Closed -$1.1M
GAINN icon
71
Gladstone Investment Corp 5.00% Notes due 2026
GAINN
– –
-40,000
Closed -$1.04M
NRUC
72
National Rural Utilities Cooperative Finance Corporation 5.500% Subordinated Notes due 2064 (Subordinated Deferrable Interest Notes)
NRUC
$241M
– –
-120,000
Closed -$3.29M
PRIF.PRI
73
DELISTED
Priority Income Fund, Inc. 6.125% Series I Term Preferred Stock due 2028
PRIF.PRI
– –
-50,000
Closed -$1.27M
PSA.PRP icon
74
Public Storage Depositary Shares Each Representing 1/1,000 of a 4.000% Cumulative Preferred Share of Beneficial Interest, Series P
PSA.PRP
$401M
– –
-80,000
Closed -$2.03M
RCC
75
Ready Capital Corporation 5.75% Senior Notes due 2026
RCC
$131M
– –
-70,000
Closed -$1.83M
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