IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
-4.52%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$520M
AUM Growth
-$28.3M
Cap. Flow
-$209K
Cap. Flow %
-0.04%
Top 10 Hldgs %
76.26%
Holding
91
New
2
Increased
3
Reduced
3
Closed
11

Top Buys

1
DIS icon
Walt Disney
DIS
$6.3M
2
SRL icon
Scully Royalty
SRL
$1.48M
3
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$470K
4
PZN
Pzena Investment Management, Inc. Class A
PZN
$332K

Top Sells

1
PNC.PRP
THE PNC FINANCIAL SERVICES GROUP, INC.
PNC.PRP
$2.02M
2
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$1.13M
3
TBB
AT&T 5.350% Global Notes due 2066
TBB
$959K
4
UNMA
Unum Group 6.250% Junior Subordinated Notes due 2058
UNMA
$727K
5
SREA
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$711K

Sector Composition

1 Materials 38.95%
2 Financials 24.12%
3 Industrials 6.44%
4 Real Estate 4.93%
5 Healthcare 4.06%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
PZN
51
DELISTED
Pzena Investment Management, Inc. Class A
PZN
$332K 0.06%
+35,000
New +$332K
ABBV icon
52
AbbVie
ABBV
$376B
$261K 0.05%
1,948
– –
IBM icon
53
IBM
IBM
$230B
$178K 0.03%
1,500
– –
LTSL
54
DELISTED
Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes due 2027
LTSL
$69K 0.01%
5,000
-5,000
-50% -$69K
WAB icon
55
Wabtec
WAB
$33.1B
$53K 0.01%
647
– –
ADNT icon
56
Adient
ADNT
$1.99B
$33K 0.01%
1,193
– –
CBL
57
CBL Properties
CBL
$975M
$17K ﹤0.01%
658
– –
DNOW icon
58
DNOW Inc
DNOW
$1.68B
$11K ﹤0.01%
1,100
– –
VST.WS.A
59
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$8K ﹤0.01%
33,717
– –
KALU icon
60
Kaiser Aluminum
KALU
$1.23B
$4K ﹤0.01%
70
– –
KD icon
61
Kyndryl
KD
$7.34B
$2K ﹤0.01%
300
– –
TDW.WS.A
62
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
63
DELISTED
Tidewater Inc. Series B Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.B
$1K ﹤0.01%
976
– –
RZA
64
DELISTED
REINSURANCE GROUP OF AMERICA, INCORPORATED 6.20% Fixed-To-Floating Rate Subordinated Debentures due 2042
RZA
– –
-20,000
Closed -$505K
CTBB icon
65
Qwest Corporation 6.5% Notes due 2056
CTBB
$795M
– –
-20,000
Closed -$459K
EMP
66
Entergy Mississippi First Mortgage Bonds 4.90% Series due October 1 2066
EMP
– –
-25,000
Closed -$604K
JPM.PRD icon
67
JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
JPM.PRD
$1.7B
– –
-10,000
Closed -$251K
NRUC
68
National Rural Utilities Cooperative Finance Corporation 5.500% Subordinated Notes due 2064 (Subordinated Deferrable Interest Notes)
NRUC
$239M
– –
-20,000
Closed -$480K
WFC.PRQ
69
DELISTED
Wells Fargo & Co.
WFC.PRQ
– –
-25,000
Closed -$598K
DVR
70
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
$0 ﹤0.01%
500,000
– –
PNC.PRP
71
DELISTED
THE PNC FINANCIAL SERVICES GROUP, INC.
PNC.PRP
– –
-80,000
Closed -$2.02M
SREA
72
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$698M
– –
-30,000
Closed -$711K
UNMA
73
Unum Group 6.250% Junior Subordinated Notes due 2058
UNMA
$286M
– –
-30,000
Closed -$727K
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