IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
+6.49%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$225M
AUM Growth
-$316M
Cap. Flow
-$6.34M
Cap. Flow %
-2.82%
Top 10 Hldgs %
64.43%
Holding
88
New
6
Increased
5
Reduced
2
Closed
8

Top Buys

1
MGRE
Affiliated Managers Group 6.750% Junior Subordinated Notes due 2064
MGRE
$2.55M
2
J icon
Jacobs Solutions
J
$1.93M
3
DFP
DELPHI FINL GROUP, INC 7.376% FXD TO FLTNG RT JR SUB
DFP
$1.29M
4
CVX icon
Chevron
CVX
$1.26M
5
ET.PRE
Energy Transfer LP 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit
ET.PRE
$1.01M

Top Sells

1
STT.PRD
State Street Corporation Depository Shares, each representing a 1/4000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
STT.PRD
$5.01M
2
MS.PRF icon
MORGAN STANLEY SERIES F
MS.PRF
$2.5M
3
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$2.22M
4
NI.PRB
NiSource Inc. Depositary Shares representing 1/1,000th ownership interest in a share of 6.50% Series B Preferred Stock and 1/1,000th ownership interest in a share of Series B-1 Preferred Stock
NI.PRB
$2M
5
SCE.PRM
SCE Trust VII 7.50% Trust Preference Securities
SCE.PRM
$1.57M

Sector Composition

1 Financials 38.26%
2 Technology 11.85%
3 Industrials 9.41%
4 Consumer Discretionary 5.75%
5 Healthcare 3.38%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
VTS icon
51
Vitesse Energy
VTS
$986M
$420K 0.19%
42,469
-42,469
-50% -$420K
ABBV icon
52
AbbVie
ABBV
$375B
$355K 0.16%
1,948
– –
OZKAP
53
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock
OZKAP
$243M
$348K 0.15%
60,000
– –
SLMBP
54
SLM Corporation Floating-Rate Non-Cumulative Series B
SLMBP
$189M
$342K 0.15%
4,500
– –
IBM icon
55
IBM
IBM
$232B
$286K 0.13%
1,500
– –
CNFR icon
56
Conifer Holdings
CNFR
$9.04M
$282K 0.13%
250,000
– –
OPINL
57
Office Properties Income Trust 6.375% Senior Notes due 2050
OPINL
$220K 0.1%
40,000
– –
GEHC icon
58
GE HealthCare
GEHC
$34.6B
$133K 0.06%
5,040
– –
LTSL
59
DELISTED
Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes due 2027
LTSL
$93.5K 0.04%
5,000
– –
ADNT icon
60
Adient
ADNT
$2B
$39.3K 0.02%
1,193
– –
WAB icon
61
Wabtec
WAB
$33B
$27.2K 0.01%
647
– –
DNOW icon
62
DNOW Inc
DNOW
$1.67B
$16.7K 0.01%
1,100
– –
CBL
63
CBL Properties
CBL
$990M
$15.1K 0.01%
658
– –
KD icon
64
Kyndryl
KD
$7.57B
$6.53K ﹤0.01%
300
– –
KALU icon
65
Kaiser Aluminum
KALU
$1.25B
$6.26K ﹤0.01%
70
– –
DVR
66
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
$500 ﹤0.01%
500,000
– –
DTW
67
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$367M
– –
-90,000
Closed -$2.22M
MS.PRF icon
68
MORGAN STANLEY SERIES F
MS.PRF
$866K
– –
-100,000
Closed -$2.5M
NI.PRB
69
DELISTED
NiSource Inc. Depositary Shares representing 1/1,000th ownership interest in a share of 6.50% Series B Preferred Stock and 1/1,000th ownership interest in a share of Series B-1 Preferred Stock
NI.PRB
– –
-80,000
Closed -$2M
STT.PRD
70
DELISTED
State Street Corporation Depository Shares, each representing a 1/4000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
STT.PRD
– –
-200,000
Closed -$5.01M
WFC.PRR
71
DELISTED
WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R
WFC.PRR
– –
-60,000
Closed -$1.51M
VST.WS.A
72
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
– –
-33,717
Closed -$246
SCE.PRM
73
SCE Trust VII 7.50% Trust Preference Securities
SCE.PRM
$521M
– –
-60,000
Closed -$1.57M
1 2
3